Evening Star Newspaper, August 16, 1923, Page 26

R FINANCIAL. RENEWAL IN BUYIN SPURS THE MARKET Upward Trend Maintained on New York Exchange—Pres- sure Off of Oil. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK. August 16.—The up- ward tendency predominated again on the stock exchange today. No efforts were made to force the pace. The impression given was that of an ex tended short interest endeavoring to cover without biddinz up prices too much. Prices changed very little at ~first. Then buying was resumed, carrying the leaders to the best they h reached in the recovery which started ten days ago the market quieted down and movement became more irregular In today's market the ground & during the first of the week was held with further slight advances in the ma- Jority of the list. There were no indi- Cations of a broadening public interest The trading was almost altogether pro- sional. quieting down in the last hour affer intervals of fair activity er in the day. Selling Pressure Off of Oil. iling pressure removed fro of the « wing the news that the - in South D: Lota h, m 16 to 20 conts u gallon. It was expected that this _example would be followed in other parts of the country. thus pa tially undoing the effect of the heavy price cuts. On account of their strong market position. the Pa Americans made the hest res the news. Standard Oil issues also did relatively Dbetter than pend- ent oils. The sluzzishness of Cosden, Vroduccrs and ners. Sinclair and others of the led independent oil stocks indicated doubt as to whether only a partial recovery in #asoline quotations would mean f these companies the difference tween loss and profit Light on Price Sche The statement on oil irade condi- tions by the president of the Standard Oil of New Jersey threw further light npon the significance of the reduc- tion in western price sched He smade it clear that the present dise sanized market is the result of forecd telling below cost by refiners who were in a position where they could not afford to hold: in other words that it 4 condition wh would not outlast the time when this forced ling was over. The stock market held through the early ufternoon he last hour active buving sumed in such leaders as s Studebaker and i otive. The best prices we a rale, in the late trading Better Outiook in The better prospect the threatened Luying of shares of eapecially the E ferred Lrie stock cr me this 1 “ireat Northern et of the view of There was account in Veply ve the Tex. anat the win Loc » reached, iy in Coul Dispute, for coal a settlement induced first pre for the first | preferred short the and of movement nt bear op-rations. a'so active busing for short | New Haven, following the | by the directors of the company | to the strictures of the New Englan ailroad committer, oxpressine eon fence that the could be ex- tended & < 10 con sider u recapitalization plan, French Exchange High exchang and were | French bonds. This probably of a more optim in cable dispat the efforts of the r Jerman zov nment to find some new basis of | ise, and, second. hecause of <t by reports that the new { ion” at Washington was | jisposed lend aid | ion of European debt prob- lems. Too much reliance should not however, be placed upon this develop: | ment. There Lave been many other moments where similar hopes have ariser July figures f covering T, Fren S0 government reflection xpressed of more fava to a solu n o Forelgn Trade Figures. the July for striking.” When in imports rose. .000 above exports and the thing happen- much was made of the bl of trade aw country. That temporary’ causes, was the o raw materials short-lived and of the winter established. In in favor of the United restored with an export however. of only $1.000.000. this excoss rose to 226,000,000, It is not surprising, in view of thi that the gold movement to this coun try should be on the increase. In July net imports of gold were $27.- 400,000 against 318885000 in June There is likely to | further con- ciderable increase the present month UP TREND UNABATED. on izn | i when almost ed in shift from this duc 1o which forei the in the ow nee and spring, June. the a in Bulk of Ytocks on Higher Ground. Rapid Advances Noted. Special Dispateh to The Star. NEW YORK. August prices in today's stock plaved a firm tone. There were a few isolated points of hea but the large bulk of stocks moved to higher ground in response to a good demand for the motor, motor accessory, pub- | lic utility and independent steel | shares. Federal Mining and Smelt- ing preferred. Woolwofth, United | Fruit and Atlas Powder opened 1% to 2% higher Upward M The upward more extensive ing progressed, 13.—Opening market dis- ness, ement Continuex. movement assumed proportions as trad-{ gains of a polnt or wore heing registered by more than 4 score of issues. including Corn Troducts. American Woolen. Founda- tion Company., Lima Locomotive, | Stewart-Warner. White and Hudson Motors and American Tce. Coal car- riers benefited by the more hopeful turn in the miners’ wage negotia- tlons, Delaware and Hudson rising 1%. Sinclair common and preferred cach dropped a point. the latter at a new low for the year. Forelgn ex- changes opened steady. Rapld Advances Feature. The rapidity of the advance in many quarters during the morning indicated that the floatinz supply of stocks was searee. Commission heuses also reported increased public participation. Buying embraced all representative groups except the low- priced ofls, which continued to los. round as a result of the recent cus in gasoline prices. Rails took on a new lease of life and advanced with industrials, zaius of a peint or so be- ing quite common among the active shares. Woolworth was pushed up % points to 247, & new high record for all time. Gimble Bros. advanced 3 points and Vanadium Steel, Lima Locomotive. Central Electric and Cuyamel Fruit 2 each. Call money opened at 4% per cent. GREAT ]WOBTHEBN OUTLOOK. ST. PAUL., August 16 (Special).— The outlook for the earnings of the Great Northern railroad in the last five months of the year is considered far better than it was last vear in “pite of the reduction of estimates as After this spurt | ained | was stightly higher t [ int Nickel. THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Owing to tro quotations ai Adams Express. Adv Rumley pf. Alr Reductlon. . Ajax Rubber Alaska Gold. Allied Chem. ... Allis Chalmers. . Am Agr Chem Am Ag Chmpf.. Am Bank Nate. . Am Rosch. N.. Am Brake Shoe. Am Can.. Am Can nf. {Am Car & Fa. Am Chicle Co. Am Catton Oil. AmCotOll pf. .. Am H & Leath. . Am H & Lea pt Am Ice. . Am Internati .. Am Linseed pf. . Am Locomotive Am Metals. . Am Radiator. Am Safe Razor. Am Ship & Com Am Smeltine. . Am Steel Fay. Am Svear. ... Am Te) & Teles. Am Tohaceo ... Am Tohac (BY Am Tabnf (n) W W R pf. W W 7% pf. Woolen. ... Am Wonlen p? Anaconda | Assets Reallx, 1 Asso D Goeds | Atehizon, Atchisannf. ... Atlan Cst Line. . Atlantic Gule Atlas Powder Austin Nichnls. Auto Knitter. Raldwin Laco. . Ralto & Ohin marnesaatl (A3, Rarnesdall (R) Bavuk Bro Ist pi Reechnnut Pack. | Rath Stael | reth st 70 (n) | { Pooth Wish. .. .. { Booth F 1st pt Rklvn Bdison. .. Rurns fros (A). Rurns Bros (B). | Rutte Conper. Rutte & Supe | Butterick. . Caddo O | Calif Pack | Calif Patral . | Calif Petrol pf. | Callahan Zine.. | Canadian Pae.. entral Leath {~ent Teath ne. . Cerro de Pasco. | chanater Mat. | Fhasan & Onto. | Chi & Alton.. 1Chi & Alton nf.. [ i cre west. Chivi &SP, Chi Mil ¢St P p? Chi & Northwn. {Chi R 1 & Pac Chi RT&PRL pf Chi P T&P 7 pf “hi StPM & O Chi Pneu Tool Chile Copper Chine Copper Cluett P Coca-Cola. oln Fuel... ~olumbia Gas. . Columbia Graph Columhn Carhor Com Solv (B)... Comp Tabulat Cons Cigar..... | Cons Gas of NY. | Cons Textile. ... Cont Can. . Continental Mot Corn Products Cosden & Co Crucible Steel. Cuban-Am Sug Cuba Cane Sug. Cuba Cane S Cuban Dom'can. Cuyamel Fruit. Davidson Chem. De Beers. cee el & Hudson. . D Lack & West. Detroit Edison Dome Mines. . Douglas Corpn. | Dupont (E1) Eastman Kodalk Eaton Axle & Sp Flec Stor Bat. .. Elkh'n Coal pf.. Endicott-John Endicott-J pf. Erie. .. Erle 1st pf. Erie 2d pf Famous Plavers Fd Mines&S pf.. Fidelity F In: Fifith Ave Bus Fisher Bod: Fisk Rubber. Fleishman. Foundation Co.. Freeport Texas. Gen Am Tic Car. Gen Asphalt. Gen Baking.... Gen Electric. ... Gen Elec spl.... Gen Motors Gen Mot 6% deb Gimbel Brcs. ... Goodrich. .. .. Goodyear pf.. Granby Consol.. Gt Northern pf.. Great Nor Ore. . Gt West Supf. Greene-Canan Guantana Sug. . Gulf St Steel.... Hartman Corp. . Hayes Wheel. .. Houston Oil. Hudson Motors. Hupp Motors Illinois Centra Ind Oil & Gas. Indiahoma. Inspiration. In Ag Chemical. int Cement..... In CombustE. .. Int Harvester Int Mer Marine. Int M Marine pf. Int Nickel pf.... intl Paper...... Int Tel & Teleg. Invincible Oil Iron Prod ctfs. . 1sland Oil. ... Jewel Tea...... Jones Tea. . Kansas & Gulf.. Kansas City S.. Kansas C So pf. Kayser (Julius) Kelly-Spr Tire.. Kennecott. .. Kinney G R. Kresge (SS). Laclede Gas. ... Lehigh Valley. . Lima Locomo Loews Inc. LoftInc.... Loose-Wiles Louls & Nash. .. Mack Trucks... Mack Truck 2d. Mallinson & Co. Manhat El Sup. Man El inv guar Man Elev scrip. Manhattan Elev Manhat Shirt. .. to the wheat yield. Loadings this month are running heavy, especially in fron ore and heavy fruit and grain movement scems assured. The net ‘perating income for July $2,000,000. Market St prior. Market StR 2d. Maracaibo 0il... Marland Oil was over | Martin-Farry . e with the Wentera Open. High. 0% T0% 321 32 631 64% 7 7 w 653 42'% 124 2% 81% 24 701 94% 109% 1621% 1% 5% 17 9 26% 95 18% 25% 73% 45 8% el 12 R4 2nk 5% 122% 145 143 102 594 89 »7 1007 404 % /214 9A1. £ 2% 1ow. 70% 3214 631 6% W 4% 424 12% 31 /1% 23 70% 9214 109% 161% 1% 5 161 7 261 94 18 26% Union wires, the last 10 minutes of | not give Close. 704 224 64% 6% % 65 42% 12% 3% K14 234 70% 4% 109% 162 1% % €51 194 904 N 30 110 112% 24 5t 16% 20% 788 19% 78 1 14% 81 45 28% 46 18 56% 9% 102% 16% 5% 72% 83% | 35% 44 23% 20% 105% % 4% 28% 2 343 28 5% 5% 20% 12% 8% 34 653 8% 33 % 18 b9 % 17% 50% 821 324 3% 557 216 81 6174 63% 15% 6% 45% 88 6% % 36 5 42% 43 =® 19y 28% 29 {Union Bag & P. —_—_—m——m-m—w e ————,—— e e J Open. High. Low. Close. 4z 42 42 42% A% 41% 40% 41% 12% 12% 12% 12% 76 16 76 16 16% 16% 164 16% T 8 % T T Th 6% 6% 23% 23% 23% 285 5% bik bW 5% 25% 26% 26% 28% 1 w1 1% 10% 10% 104 10% 28% 28% 28 28 9% 20% 9% 9% 26% 27 264 26% 60 61 60 61 19% 21 19% 1 224% 1214 ¥21 22% % 11 44 Mathison Alkill. Maxwell (A) Maxwell (B). May Dp Stores. . | McIntyre Por... | Mex Seaboard Mex Seabd ctfs. Miam! Copper:. Middle St Oll... Midvale Steel. .. Minn & St L (n). Mo Kan & Tex.. Mo K & Tex pf.. Mo Pacific. . Mo Pacific pf. .. Montana Power. Montg'y Ward. . Moon Motors. ... Mother Lode. ... 9% 9N 9% 114 11% 11% 46% 44% 4d4% 122 122 122 93 92% 93 . % 364 58Y 114% 2% 11% 844 32 98% Natl Acme. ..... Nat Biscutt. ... Natl cuit pf. . Nat Cloak & S pf { Nat Conduit. .. {Nat1 Dept Stores Natl Enamel Natl Lead. ... Natl Ry of M 2d. Nevada Copper. NOr Tex & Mex N Y Air Brake. . NY Central.... NY Ch&StL ctfs N Y Dock. .. N ¥ Dock pf. NYNHA&Hartfd. North Amer. North Pacific | Nunnally Co. Ohio Bdy & Blw. Gklahoma Prod Orpheum Circuit Otls Elevator. .. Otis Steel. . . Owens Bottle. .. Pacific Develop. Pac Gas & Elec. Pacific Q1. . Packard Motor. Pan-Am Pete. .. Pan-Am P (B).. Pennsylvania. .. { Penn Seahd St1. Penple’s Gas. ... Pere Marquette Philadelphia Co Phila Copf..... Phillips Pete. Plerce-Arrow . Plerce-Ar pf. Pierce Oil..... Pittsbgh Util pf. Pitts & W Va... Postum Cereal .. | Pressed Stl Car. { Produc & Ref... I Pub Service.. Pullman Co..... Punta Aleg PureOil........ Railway Stl Sp. Ray Con Copper Reading. ... Reading 1st pf. Reading 2d pf . Reis Robert. ... Replogle Steel. . Rep Ir & Steel. . Reynolds Spr.... Rey Tobac (B). St L & San Fran St L Southwn. .. St L South pf. San Cecil Sug. Schulte Stores. . Seaboard Air L. Sears Roebuck. Seneca Copper. . Shattuck-Ariz Sheill Tr & Tran. Shell Union. ... Simmons. . Sinclalr Oil. Sinclair pt. . Skelly Oil. ... floss-Shetfield. . South Pacific. Southern Rwy. . Southern Ry p* Splcer Mfg Co StOil of Callf. .. and Ol of N J. Oilof NJpf.. Steel & Tube pf. Sterling Prod. .. Stewart-Warne) Strombg Carb. . Stvdebaker. Studebaker p! Submarine Bt. . perior Oil.... Tenn Copper-. .. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Oll. Third Avenue. .. Tide Water Ofl. Timken Bearing Tobacco Prod. .. Trans Cont Oil.. Underw'd(new). % 36% 58% 114% 2%, 1% 8% 32 98% 69 18 38 13% 224 38 13 224 57 8 3n 1% 16% 984 383 504 4% 0% 65 % 130 72% 3015 16915 10 33y 26% T4 17% 48 397 9413 2415 9074 173 59% 32% 23 17y 9 27% 17% 401 9% 17% 16% 107% 59 7 13 223 500 1% % L 67% 25 249 27 =7 51 81 61% 6133 10 10 High. Low. Call Money. .. b e HOURLY SALES OF STOCKS. ilam.....224100 1Z2m 347300 1pm.....489500 2p.m..... 489400 i FROST HITS GARDENS. i 50 393, 65 % 129 727 30% 1691 10 331, 26 71 17 4% 38% 9215 234 90 17% 59% 30% 23 17% 81 27 17% 40t M 171, 16% 7 58% 6% 12% 224 50 1% 6% T 6644 25 241 27 81 61% 10 Union Oil....... Union Pacific. .. Union Pac pf. Un Alloy Steel. . United Fruit. United Ry Inv.. Utd Ry Inv pf... U S Cast I Pipe. 1S CastIr P pf. U S Hoffman M. . U S Indus Alco. . U S Rubber..... US Rub1st pf.. U S Smelt&Ref. | US Steel. U S Steel pf.. Utah Copper.... Vanadium Corp. Va-C Chem pf.. Vivadou..... Wabash. Wabash pf (A). Waldorf (new). West Penn Co. . Western Md.... Western Md. 2d West Pacific. ... Western Urion. Wosthse EI&M. Wheeling&L E. Wheel & LE pf. White Eag Ofl... White Motor. ‘White Oil. Wickwire. . Willys-Overld. . Willys-Overl pf. Wisconsin Cent. Woolworth. . ‘Worthington. .. i Worth'gton (A). Worthgton (B). Wright Aero. .. 169% 10 334 26% 1% 17% 47% 3954 941y 244 90% 117% 59% 321 23 17 9 27 17% 401, 9% 17% 16% 107 58% 9% 17% 16% 107 59 6% 12% 22 50 14 6% % 67 25 241 13 22% 50% 1% k) T 661 25 Mercury Drops to Thirty in the Adirondacks. SARANAC LAKE, N. Y., August 16. | The first heavy frost of the season hit the Adirondacks last night. In some localities the mercury dropped to 30 degrees. Farm and garden crops were severely damaged. ! = BUILDING COST DECLINES. DETROIT., August 16 (Special).— Bullding costs here have declined 5 to 10 per cent since June 1, accord- ing to local contractors. This has brought about a fresh movement in residential construction. as the sum- mer lull in manufacturing plants has released additional labor. trades workmen now are fairly plen- tiful and several thousand new small homes have been started. . COFFEE AND SUGAR. NEW YORK, August 16 (Special). —Coffee was quoted: September, 8.85 December, 7.90; March, 7.46: May, 7.31. Raw sugar—September, 4.03; Decem- ber, 3.91; January, 3.60; March, 3.41; May. 3.48. Refined sugar—August and September, 8.00; November and De- cember, 7.80. * | 6% | Building | STAR, WASHINGTON, HIGH-GRADE BONDS . RATED IRREGULAR Market Demand Today for Securities From Private In- vestors Rather Than Banks., BY GEORGE T. 1 Dixpateh to The Star. SW YORK, August 16.—The fea-| ture of the bond market today was {the/demand for securities legal for {savings banks and trustees in New York state. This demand seems to come from private investors rather] {than banks and financial institutions. Euyers were willing to take odd lots |of three or six or nine bonds, which is contrary to the custom in the ¢ of bznks.” It Is not piam why a pri vate investor should be willing to take the low return that the so- called “legal” bonds give at present market prices. At the same time many chrewd judges of the market Lave been expecting some such de- velopment In view of the large sums undoubtedly available investment jand the uncertainity to the fu- jture of all speculative and seml- | {speculative securities. { On the exchange the | bonds were irregular today. i prices at which such chison general 4s and Union Pacific first 4s have been selling had evi- dently attracted some offerings with a consequent slight recession in the quotations. Indiana Stecl and Burlington 5s were among the issues taken. "It is a littie surprising that the libertys should not have shared 10 a greater extent in the improve- ment of other high-grade investments. Dealings 'in forcign securities were on a comparatively small scale. Quo- tations were little changed. If any- thing the feeling today was a little more confident Among the speculative rails the St. Paul 4s of 1925 rallied from their ¢ treme low of Wednesd and the Chicago and Alton 315 gained frac tionally. Missouri, Kansay and Texas issues” responded to the announce- ment that carnings for the first half year showed a surplus of $1,000,000 over adjustment bond interest. Inter- | national Great Northern adjustments were a little higher. Erfe issues were firm. In the afternoon dealings French and Belgian bonds made substantial gains, but on small transactions there Was no improvement in the Austrian . which ought to reficct opinion as )" the entire uropeun situation, b ng guaranteed by many of the different powers HUGHES. ligh-grade The high issues as At- MARKET FLASHES. Strength in the market expanded before the end of the first hour and| finally 0ok in practically all various groups of industrials as well as rails A sleeping short interest found it difficult to cover. except by bidding | up proces ! apan Cotton Trading put out what A< regarded in the . s @ sensationally low special cotton | rop report. making the condition for the whole belt as poor as 56 per cent, | with the condition in ®exas down to 54 Buying in Butlerick yeste traced to “inside” interests. Earn- ings are running better than ever and a dividend is very probable in the near future. _Merrill, Lynch & Co. announce ini- tial offering of preferred and common shares of Kresge Department Stores, Inc., offered by them, has been over- | subscribed Gasoline vrices in Ohio have been re- jduced 1, cents a gallon by Standard of Ohio. All grains are reported at a reuson able low level for investment purchases | with expectation of satisfactory profits, | Corn Products was strong on light | short covering. Recent statements | that companies’ operations were likely 110 be curtalled and that earnings in | final months would not equal those of first half caused short selling, but when efforts were made to cover it was found that offerings were lacking and | | stock was advanced by bids of com- petitive shorts, % Sears-Roebuck was well taken by | | western houses, apparently reflecting ! iconfidence that improvement which has occurred in grain markets would give | the farmer more buying power and eenze increased business for the come pany from this source of consumption. 4,000,000 PLANT IN VIEW Negotiations Near End for Silk Fiber Manufactory, Nashville. _NASHVILLE. Tenn.. August 16.— | Negotiations will be consummated in | | their, entirety within two days, and | the E. 1. du Pont de Nemours Corpora- tion of Wilmington, Del.. will then | be able to proceed without any in- terference on the part of the go ernment toward erection of a $4,000 000 silk fiber plant here, Maj. P. J. | O'Shaughnessy, representative of the ;(‘1\'31' Department, announced here to- ay. The announcement came following a conference between Maj. O'Shaugh- | nessy, L. A. Yerkes, president of the du Pont Fiber Silk Company, and local | Intergsts. This is taken to mean that the suit of the government against the Nash- ville Industrlal Corporation, which sold the du Pont corporation their site | at Old Hickory near here, will not be | one of the obstacles to the deal's con- { summation. Fraud in the sale of the | site is charged by the government. H i i COTTON MARKETS. NEW YORK, August 16.— standing very bullish crop advices, the cotton market was nervous and rather unsettled during today's early trading. First prices were 20 to 26 points lower, owing to relatively easy Liverpool cables and hope of a change in_southwestern weather conditions. October sold off to 24.04 and Decem- ber to 24.06 after the call, making {net declines of about 30 to 35 points, {but a private report placing the mid- imonth condition of the crop at only {56 compared with 69.9 toward the end iof last month, caused quick rallies of Iseveral points on covering. They met renewed realizing or liquidation, how- !ever, and after selling up to 24.20 for |October. fluctuations were irregular. The official western belt forecast, | which held out no promise of any general relief from the southwestern drouth, was evidently a disappoint- ment to some of the early sellers. This, combined with the very bull- ish private condition figures pub- lished earller in the day, led to otwith- | =4 which sent the price of December up to 24.40, or about 3 pointy net higher. The demand seemed to be quite read- | ily supplied at these figures, however. | and the market eased off several| points late in the forenoon under | renewed realizing or liquidation. The {Tatter was attributed to fear of the increasing new crop movement. i NEW ORLEANS, August 16—/ Liquidation of long contracts, the poor showing of Liverpool and uneasi- ness over European conditions gen- erally caused selling in_the cotton market today and in the first hour of trading prices lost 32 to 37 points. The tone »was steady at the decline because of continued dry and hot weather over Texas and Oklahoma. LIVERPOOL, August 16.—Cotton, spot, fair demand; prices easier. Good middling, 15.53; fully middling, 15.43; middling, 15.28; low middling, 15.03 good ordinary, 14.53; ordinary, 14.23. Sales, 6,000 bales, including 3,500 American. Receipts, 6,000 bales, in- Ccluding 100 American. Futures ciosed steady.' August, 14.69: October, 13.69; December, 13.38: January, = 13.29 March, 13.14; May, 12.99; July, 12.30 | {AmMT & Totres.. { Empire F&G i Fisk Rubber 8s iN T Tel 6843 D. C, THURSDAY, AUGUST 16, 1923. ON N EW YORK BONDS STOCK EXCHANGE | Received by Private *Vire Direct to The Star Office. (Sales are 1n $1,000.) UNITED STATES BONDS. (Fractions re sent thirt e _Example: 1 ‘means 101 1 Sales. High Low. Lib 3%s...... 340 100-1 100-1 Lib2d4s..... 1 98-1 98-4 Lib1st4is.. 6 989 98-6 Lib 2d 4% 138 98-9 956 Lib3d 4%s... 203 98-29 98-26 Lib4th4%s.. 116 98-9 987 US4%51952. 16 99-17 99-16 FOREIGN. . High. 102% 89 99 954 98 83'% 6% 811 964 100% 1017 99% 103 103 109% 89% 994 93 109% 961 91% Low Argentine 7 Austria 7s ctf; Belgium 7% Belgium 68 Belgium 8s. .. Bolivia8s. .. . Bordeaux 68 Brazil 7s. .. Brazil 8s. .. Brazil Tis. ... Canada51,s1929.. Canada 6 1952. Chile 85 1946. Chile 85 1941 Christiania 8s Copenhagen 515 Cubablswi... Czechoslovakia Ss. 99 103 103 Denmark 8s T >nmark 6s Dutch E15%s. Dutch East I 65°47. Dutch East I 6s'62. Framerican 71s. . French Govt §; | Frenth Govt 71,s. Haiti 6s ctfs. ... Ttaly 645 1925. . Japanese 2d 414s. . Japaneseds....... Jergen UM 6s'47.. Lyons6s. ..... Marseilles 6; Mexico 5: Mexico : Montevideo 7s. . Netherlands 6s Norway fs. ... Norway 6s. ... Orient Dev deb 6: 7 Paris-Ly's-Med 6s. 33 Prague%s....... 3 87 110 75 Queensland 7s. . Queensland 6s. . Rio de Jan 85 1946. Sao Paulo.City.8s. . Sao Paulo.State.8s. 3 Seine, Dept of, 7s.. 25 Serbs Crotes Slo 8s 18 Soissons 6s. . 10 Sweden 6s. .. 15 Swiss Confed 8s. Tokio 5s... Ud Kingm 6 Ud Kingm 513337, 10 MISCELLANEOUS. Am Agr Chem 7i¢s 12 97 AmChainsf6s°33 1 91 Am Cotton Oil 5s.. 3 634 Am SmIt&R 1st 55. 29 91k AmSmit&R6s.... 9 Am Sugar Ref 6s.. 17 AmT&Teves.... 1 1 18 *6 51 12 30 1 92 3 2 7 1 8 78 15 75 94 63 91 115t AmT& Tcltrds.. Anaconda cv db 7s. Anaconda 1st 6s. . Armour & Co 433s. Earnsdall s f 5s Bell Tel Pa 5s rcts Beth Steel pm 58 Beth Steel s £ 6s... Brier H St 1st 51z Bklyn Ed gen bs Bush T Bldg 5360 Central Leather 5s Cerro de Pasco 8s.. Chile Copper 6s. .. Con Coal Md 1st 5s. Cuban-Am fug Ss. Cuba Cane cv d 8s. Cuba Cane v 7s '30 Dery (D G) 7s Det' Edison ref s6.. Diamond Mth Du Pont de N 71is. Duquesne Light 6s. E Cuba Sug T%s 100 E3 o (O o P - SO PP SOy RS Gen Elec deb 5s... Goodrich 61s..... Goodyear 88 1931. . Goodyear Bs 1941. . Hershey 65 1942. .. Humble O&R 53:8. 1ilinols Bell 1st 5s. Indiana Steel 5s. .. Int Mer Marine 68. Int Paper 15t 53 A KCP&Lt5sA'52 Kelly-Spring 8s. .. = w83 & | Liggett & Myr: Lizgett & Myrs 5s. Lorillard (P) 5s. .. Manat! Sug s 71; Marland Oil £s '31. Mer & Mer s f 7s 42 Mexican Petrol 8s. MI-h St Tel 1st 5s. Midvale Steel 5s Montana Power 5s. New Eng Tel 5 N Y Ldsn 1st 6%s. L H&P 4s. ¥ Y Tel 6s'41..... N Y Tel 41gs N Am Edison 6s...233 N States Pow 6s... 5 Northwst B Tel 7s. 21 Pacific Gas & El16s 10 FraT&T63'62... 3 PhitaCoref6sA.. 5 Sharon Stl H §s. Sinclair Ol T3.. Sinclair Oil 6% £ a Crude Ol! 68 Stn Crude Oil 5143, Sin Pipe Line 6s. South Bell Tel 5: Stocl & Tube 7s Tc :n Elez Pow ¢ Tide "Tat Oll 6% . Toledo Edn 1st 7s. J 5 Rub 18t rf 6s. . U S Rubber 713s. . USSteels £6s.... Utah Pow & Lt 6s.. Vertientes Sugar Ti Va-Car Chem 7s... Va-Car Ch Tias w.. West Union 614s. . Westinghouse 7s. . ilson &_Co 1st 6s. Wilzon&C cv 71s Wilson & Co cv 6s. Youngstn S & T 6s.. 105 107 106 102 97% 109 3 15 95 8 9 conds. 32.) Close. 100-1 98-4 938-6 98-8 95-28 98-8 99-17 Close. 102% 102% 88% 964 5% 9% 8% T4 514 95% 100%% 1013 89 99 954 98 109% 89 993 52% 8114 101% 9544 91k 67% 106% 100% 964 98% 9% 66% 104% 117 101% 961y 101% 10174 97% 9215 97% 166% 91 &7 1081 105% 108 1037 9814 907 103 1004 100 10715 116 953 94y 931 10215 £6% 88% 813 601y 107% Vil 85 99 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) September 15, September 15, December 13, 192 Mareh 15, 1924 June 15, 1924 September March_ 13, June 15. December 1. Mareh 15, September 13, March 15, 1627, December 15, 19 101 3-32 101 100 99 1932 100 316 90 100 99 37.32 1 RAILROADS. Sales. High. 82 90% 5 87 1 81% 954 7% 100% 81% Atchison gen 4s. .. Atlantic C'L 1st 4s AtlanticCLel 4s.. BP&Oprini3y B& O gold 4 B&O6s.. B&Ocvdy B & Orefbs B&O PLE&WYV 4s. R&OSW div3is. Buff REPitt 41s. . T 100% 81 3% 75 a4 89 Canadian North 7s. 113% Canad North 6%s. C.nad Pac deb 4s.. Car Clinch & O 6s. . Car Clinch & O 6s.. CentofGa6s...... | Central Pacific 4s. Ches & Ohio cv b: Ches & Ojcv 4% Ches & O gn 4%s. . Chl & Alton 3: |Ch1 & Alton 31és. Chi B&Q 1st rf b Ch: & ETil gn 68 Chi Great West 4s. ChiM&S P re 4% Chi M&SLP cv Chi M&St P 4s " ChiM&S Pev4l C M&StPds 34, Chi & N W 6is. ... Chi Rys6s........ CHRT& Pac rt ChiUn Sta 41;s. Chi & 7 Ind on 4s. Chi& W T Tis. . {CCC&StLreosA. . ve Term 5s ctfs. . Cleve Term 51%s. . lcolo & Sou 4153 €5aRR6s. ... Den & Rio G cn 4s. D & Rio G imp 5s. . D& RG 1strfbs.. Det United 43s. .. Erie 1st con 4s Frie gen 4s. Erie conv 4s A. Erie conv 4s B. Erie conv4sD. Gr Trunk sf db 6s.. Grand Trunk 7s. .. GrNorthgen 7Ta... Gr North gen 51s. Hud & Man ref 5s. | Hud & Man aj 5s.. Tl Central ref 4s. . {111 Cent ref 65 '55... !1n¢ Rap Tran 6s. .. |Tnt Rap Tr 5a stpd. Int Rap Tran 7s... Int & G Nor aJ6s. . Int & G Nor 1st 6s. Towa Cent rf 4s. Kansas City S 3s. . City S§s. . Kan City Term 4s. Lehigh Valley 6s. . TLouis & N uni 4s Louls & Nash 5%s. Market St en 5. .. Mil EI Ry & L 5s. IM&StLrfex5s.. M & StL1strfds.. {MstP & 804 93 a7 101% 264 89% 867 83% 28% 99 78 464 b2 58% 3% 57 7114 100%, 63% 63% 26 24% 89% 15 69%. 76% ik 23 Pacific gn 4s. .. Bl ) Tex & M in ba. Centgen 3%s. Cent deb 4s... Cent deb 6s. .. Centribs.. CenLScl 3%s New Haven cd 6% | New Haven 4 4s 57 iNew Haven 7s. .. | New Haven 7s'fr. INY W & Bos 4%s. | Norfolk & W cn 4 {Norfolk & W cv 6s. | Northern Pac 3s Northern Pac 4s. . {Northn Pacri6s.. | Northern Pac 5s D. Ore & Calif 1st 5: 1O Short Lcn 5s°46. {Ore Short Liref 4s {Ore-T7ash ist rf 43 Pennsyl gen 5s. | Pennsyl gen 41;s. | Pennsyl61zs. ... ’Y‘A-nns)l = 7s... Peoria & E inc 43. . Ta% 89% 1087 a574 7214 5ive 30 | Rapid Tran 6s w 1 | Reading gen 4 RTArk & L 41 St L IM&S R&G 43, LIM&S4s'29. 4% T4 4 67% £l 6 90 44 9R8y 4% 4% 72 w & & & & & s & KCShL 414s. an A & Arn P 4 eab'd A L ref 4 eab'd A Lad) b eab'd A L con 63.. Sou Pacificev 4s. .. Sou Pacific ref 4s. Sou Pacific clt 4s. . outhern Ry 1st b3 outhern Ry gn 4s. Southern Ry 614s.. Third Ave adj 5s. Union Pac 1st 4s. .. Union Pac 1st rf 43 Union Pacev ds... ‘Wabash 2d bs. . ‘Western Md Wheel& LEcnds. 1 TOTAL SALES (Par Value): 11a.m...1550 000 12 noon 2 597000 * 1pm.. 3547000 . 2 p.m.. 4087000 C — | BOSTON STOCK MARKET. BOSTON, August 16.—Following is a {list of today's highest, lowest and { closing prices for the most active stocks {dealt in here i High. | Allouez 5 Sy ioie | Amer Tei & Téi | Amoskeaz { Roston & Albany .. Roston Elevated | Calumet & Arizor Calumet & Hecla Carson Hill Min . reee e e BrrmaleBeammnal - e wLmnans = Y 18 Low 1315 1225 Close. { Enstern § § ! Hood Rubbe | Istand Creek Isle Royale Liliby, Med { Massachusetts Gas . exican Tnvestment | Mohaw eeieees [ National Leather w (ornelia H&H P Osceala ... Pacific Mills . ach - Shoe Mach prd Switr & Co (it Tnternationai | Toinity oooees C U8 Smelt 99 3132 RAW SUGAR UNCHANGED. YORK, changes August in NEW were Tno the | raw sugar market early today. equal to .0590 for centrifugal. 16.—There local Cubas iflurry of covering or fresh buying,|were quoted at 4} cost and freight, The raw sugar futures market was ir- regular. Trading was light and opera- | to hold off and! tors were inclined await _developments. Early were 3 to 5 points higher on cover- | in ing, but with no improvement prices in the demand for refined, holders liquidated and practically all the gain was lost. | 2,184,000 The demand for refined showed no improvement and were unchanged at granulated. sugar prices 790 for fine Refined futures were nominal. BOSTON WOOL MARKET. BOSTON. August 16.—A struggle be- | tween manufacturers and dealers ap- parently was in progress in the wool market today with the outcome un- certain. The majority of dealer: s con- tinued to quote the market firmly, but few if any sales were made except at prices for goods can be main ig » new uncertainty. i prices below the basis given. Whether tained There is no im- mediate prospect of a reduction in goods prices however. Wonl arrivals here in the last tweny-four totaled 2,921 bags of domestic. U 8 Smelt pfd Utah Metal ntura Ofl Waldorf . Walworth { Warren Bros | Winone . | BANK OF FRANCE CHANGES. PARIS, August 16.—The weekly | statement of the Bank of France shows the following changes: Gold in hand, increased 21,000 francs; silver in | hand, increased 135,000 francs; notes. circulation, decreased 160,665,000 treasury deposits, decreased francs; =eneral deposits, | decreased 59,081,000 francs; bills dis- nted, decreased 65,719,000 francs; | aavances. decreased 41,060,000 francs. | The advances to the state remain un- changed. | francs: —_— CHICAGO STOCK MARKET. CHICAGO, August 16.—Following isa report of today’s sales, high, low and closing quotations at the Chicago Stock nge : Exchang = les. 2195 Armour of Dol prd 560 Armour of 11l pfd... 1875 Hupp Motar 50 Standard Gas com. 10500 Stewart Warner .. 2845 Union Car & 165 Yellow Mg B. €225 Yellow Tax Total sales, 36,000 share gh. Low. Close. h. ) 13% 5% | 75% | FINANG IAL. Grain, Produce and| Live Stock LOCAL WHOLESALE MARKET. Eggs — Strictly _fresh, gelected, candled, per dozen, 32a33; average re- ceipts, 30; southern, 28. _ Live poultry—Roosters. per 1b., 15; turkeys, per 1b., 25; spring chickens, per 1h. 27a33; Keats, young, each, 40;_fowls, per Ib., 25. Dressed pouitry — Fresh killed spring_chickens, per Ib.. 38a40: win- ter chickens, per Ib., hens, per 1b.. 30; roosters, per 1b. 18a20; tur- keys, per 1b, 35a40; keats, youns. each’ 60, Live stock—Calves, choice. 11; medium, per Jh., 10a10%: {per 1b.. 6a7. Lambs, 12; live pigs 1 hogs. per 1b., 815 { Green fruits—Apples, new, per bas- ket, 50a2.00. ~ California oranges, per crate, 500a6.50. Florida. 3.00a6.00. Lemons, ' per box, 6.00a7.50. Grape- fruit, 4.00a4.50. Peaches, 1.00a3.25. Can- taloupes, North Carolina. 50a2.00; near- by, per crate, 1.00a2.00. Vegatables—New per bbl. No. 1. 5.00a5.50; 2 : New Jersey potatos g 4 90 | New sweet potatoes, 4.00a7.00 per bol New York lettuce, per crate, 70a150. Romaine lettuce, per crate. 75a1.50. Cabbage, craté, 3.00a3.25; ne: 2.00 per 'bbl. Eggplant, per cr 3.50. Tomatoes, % bushel basket, near- 2 Beans, 1.50a2.50 per bbl 250a3.60 per basket. Der-crate, 5.00a6.00. Squash, 50. “Peppers, per crate, nearby, 7 50a75. Kale, per bbl, ach, per crate, 50a1.00. North Carolina {1ma beans, 1.00a1.50 per basket ; home- { grown limd beans. 25a30 per at GRAIN AND PROVISIONS. BALTIMORE, Md. Auzust 16 (Spe- clal).—Potatoes, new. barrel, 2.00a5.50: per 160 pounds, 1.50a3.25; bushel.7! 2.00; sweets and yams, barrel, 3.00a5.50; bushel, 65a80; limas, bushel. beets, 100, 4.00a5.00 cabbage, 5.00a8.00; carrots, 100, 4.00a5.00: dozen, 40a90: corn. dozen. mbers, basket, 30a50; eER- ket, 40a50; onions, bushel, : vellow, 100 pounds, 2.0022.50; pers. basket, 40a50; sauash, bas 30a35; tomatoes, basket, 15a40; green, 25a40 Apples, barrel, 1.23a3.00; bushel, 50a 150; basket, 23a60: blackberries. auare, 15a22; cantaloupes, basket. 20 a75; crate, 50a1.00; damsons, pound, 20 peaches, bushel. 1.50a2.25; basket, 40a65; plums. basket, 25a30; water- i2az%: huckleberries, quart, 15a melons, each, 15a50. Settling Prices on Graln, Wheat—No. 2 red winter. spot, 1.01; No. 2 red winter. garlicky. spot. 1.00%: No. 3 red winter, garlicky. 8613; No. 4 red winter, garlicky, a per 1b, thin, potatoe Peas, o celery, 250 . sold at a hel. No car- Sajes—Bag lots near range of 92 to 99 per b goes on grade Corn—Cob, new, 5.00 per barrel; No. 2 corn. spot, no quotation. Track corn, vellow. No.'2 or better, 1.04. No sales. Oats hite. No. 2, 51%a52; No. 3, white, 5013a51 i Rve—Nearby, 75a85 per bushel: No. western_export, spot. 75%; No. 2 . spot. 7614 per bushel Hay——Receipts. 33 tons. There is comparatively scarcity on spot of bet- jter quality of new hay and prime timothy and light mixed. with the market firm at a range of 20 to 25 a ton Straw—No. 1 tangled rye, 15a16; No. 1 wheat. 12.50a13.00; No. 1 oat, nomi- nal, 12.00a14.00. DAIRY PRODUCTS. BALTIMORE, Md, August 16 (Spe- {cial).—Poultry—Live spring chickens, {pound. 25a33; Leghorns, 22a26; hens, joid, 2 old_Leghorne, 18a20; old iroosters, 14; ducks, 18a24: pigeons, jpair, 207; guinea fowl, each, 50a75. Eggs—Loss off, native and nearby firsts, dozen, 28; southern, 26a27 Butter—Creamery, good to fancy, 42a 45 ; prints, 45246 : nearby creamery, 3ba 40 ladle: rolls, 31a33; store packed, 31a32; dairy prints, 31a33. CHICAGO LIVE STOCK MARKET. CHICAGO, August 16 (United States Department’ of Agriculture).—Hogs— Receipts, 26,000 head; early sales, 10 to 20 higher: now dull; limited busi- ness steady with Wednesday's aver- age: big packers not operating: bulk good snd choice, 180 to 240 pound averages, 8.55a8.85: top early, 8.8 bulk desirable to 325 pound butchers, ~£.00a8 packing sows, stly, 6.20a6.60; strong-weight pigs, 7.75a8.00; heavyweight hogs, 1.75a8.35; medium, 7.80a8.7 light, 7.30a8.70; light light, 7.20a packing sows, smooth, 6.25a6.80; 'packing sow {rough, 6.0026.25; killing pigs. 7.00a 18.00. { Cattle—Receipts, grades beef steers, yearlings and fat she stock 10 to 25 higher: plainer {kinds around steady: top matured isteers. 12.50; some held higher: nu- merous loads of steers, 11.50a12.00: canners_and cutters, strong to 10 higher; bulk 2.40 to 3.35; vealer qual- Lity plain; few to packers up to 11.50; | outsiders, 12.00a12.50; bologna bulls steady; bulk heavy bolognas, 4.40a 4.60; few up to 4.75: stockers and teeders, around steady: bulk, 6.00a 7.50. neep—Receipts, 16,000 head; active; | fat lambs and cuils, 25 to 35 higher: spots more; vearlings generally 2. higher; aged stock scarce, steady to strong: feeding lambs mostly 25 high- fer: bulk good and choice western i1ambs, 13.25a13.50; most natives, 12 a12.75: few sales upward to 13 culls mostly 9.25a some held at 10.00; odd lots vearlings upward to 11.50; bulk fat ewes, 5.15a7.00; early top feeding lambs, 13.50. CHICAGO GRAIN MARKET. CHICAGO, August 16.—With the government report indicating 15.5 per cent probable reduction of winter {wheat seeding this fall, wheat prices had an upward tendency today in the early dealings. Higher quotations at Liverpool also counted as a bullish factor, and so, too, did Illinois and Iowa rains likely to delay threshing. On the upturns in price here. how- ever, offerings increased and tem- porary reactions took place. The opening, which varied from unchanged figures to half-cent higher with Sep- tember 1.01_to 1.01% and December 1.04% to 1.05. was followed by a mod- erate setback from the initial top level, but then by a material advance all_around. Corn and oats responded to the wheat advance, and also to a decided upturn in hog values. After opening | 14 to % higher, December, 631 to 63%, corn eased a little and then scored fresh gains. Oats started a shade to Hat higher, December, 38% to 3874, later continued to ascend. Provisions were firmer in line with the hog market. WHEAT— Open. September 101 December 1047 0 8000 head; most High. 1013, 1,050, 1108 Low. 1.00% 1048 1098 87 CORY September . December May . OATS - September .. December ... May 78, 630 SHORT-TERM SECURITIES. {Quotations furnished by Redmond & Co.) ——Noon.——— Bid. Alumigum Co. of Amer. Ts 1925. 103 Aluminum Co. of Amer 7u 1933. Amerfcan Cotton OIl 68 1924.... American Sugar 6s 1037. 1 American Tel. & Tel. 63 1934 ‘Anglo-Amerigan Bell Tel. of A'anad Canadtan Nowthern 53! Cent, Argentime Rw, Central Leather 5s ., C. & St. L. R & Pac Chicago Tel. 3 Du Pont 74w Federal Sugar Ref. Goodyear T. & R. Great Northern Hocking Valley 68 1324 Humble Oil 5i%s 1032 Kansas City Term. 8 1923 Kennecott Copper’ 7s 1080. . Libby, McNeil & Libby 78 1931.. M. St P. & 8. 8. M. 61591081, Morris & Co. 7148 1930. Penna. R. K. 7% 1030, St. Panl Union Depot 54 TZ3. Sears, Roebuck & Co. 78 1923, . Switt & Co. bs 1932... ... Tidewater il 6128 1931 Union Tank C 1090, U, §. Rubber 7ies 1930.. .. Western Union 8163 1934, ! Westinghouse £. & M. 7s 103] ; }.0554; cables, MONEY STAGNAN, FIVANIERS VIEH Rates Unchanged for Com- mercial Paper—Review of Local Conditions. The money market has reached state of general stagnation. Rate are unchanged for time money and commercial paper, while the call money market is apparently dead for the time being. Quoted rates mea nothing In such a market. Specul tion has reached such a low poir that brokers are in need of mones and lenders are not pressing funds on the market. Lenders either believe that by withholding credit awh longer rates will firm up or they do not care to lend at this time. Conse quently, a firm money market for many Wweeks, probably the rest of the year, is in prospect | This prospective firmness, however is by no means an indication of money scarcity or credit shortage. 1t is simply a reflection of caution among bankers and co-operation be tween commercial bankers and fed eral reserve officials in their effort {to stabilize business that this ¢ for preser respects ar Many bankers believe operation is responsible conditions, which unique in’ our fi tory. For instance, it is doubtful whether there has ever been 8o prolonged a perlod of full employment of labor without a sharp drop in the potential ban credits. Another chhracteristic of a1 inflation period is increasing inver tories and large speculative buying These things have been conspicuon by their ubsence in_the present pe riod of expansion. Not only are i1 ventories small, but they are beink reduced. Consumpticn in_many line is exceeding production. Therc is 1 only no speculative buying but tailers are reducing stocks throus! special midsummer sales. Popular Poblic Utility. The increase in the army of Ameri- can Telephone and Telegraph Company stockholders continues at the rate of from 2,500 to 5,000 monthly. Today there are 270,000 registered stockho!d- ers, compared with 263.000 a month ago, an increase of 5,000, and 22,000 more than on January 1 last There are also approximately 90.010 employes who are not yet stockholder of record, who have bought stock or partial payment plan Of the American Telephone and Te sraph convertible 4%, dated March 1913, and payable twenty vears froui that’ date, $60,452,600 have been verted, leaving but $6,547.400 outstan: ing. This compares with $7.151.800 outstanding as of December 31 last Of the American Telephone and Telegraph seven-year, 6 per cent vertible gold bonds, dated August 1918, and payable seve rs from that’ date, $37,101.300 h. een co verted, leaving $11.265.900 outstar ing, compared with §14.070.500 ou standing December last There will be no new American T ephone and Telegraph Comput financing this year. Notes of Local Finaneial Field The Park Savings Bank has tra ferred _its_ clearing house businc from the Federal-American Nation to the National Metropolitan Bar The change was effective this morn ing. Losses were sustalned by the Cap ital Traction Company in the opera tion of four busses during May and June, according to statement of earn- ings filed with the Public Utilities Com mission yesterday. 2 perat as against .951. In June 18 revenue was expenses total- the income was $431, and expenses A new line was’ started during 1 month, ac counting in measure for the increased loss over May Report of vet available Stock Sales Noted. Washington Railway preferred stock advanced to 721 the small denomination Gas 6s eased off a point to 101 the local stock exchange, thesc the outstanding movements slon. Only nominal shown In both Issues Riggs Bank rights sold Washington Gas ss broug 9215, Capital Traction hands at 95 The Citles Service ings statement for the twel ending July 31, 1923, shows improve ment_over the corresponding twelr months of the preceding year. as well as a gain over the month June Gross earnings in the twelve-month period totaled $16. i) pared with §$13.844.852 in the ing year. Net earnings were $16.- 009,628, as compared with §$15.402.254 and net to stock was $13.394.999. as compared with $11.236,16 dividends were carried compared with 2.29 times ir ceding vear, and, after the pay preferred dividends. net available for common stock was equivalent to $18.13 a share. This compared with $1, earned on the common stock in th twelve months ending July 31, 1922 Gross earnings in J were $1.206. 673, as compared h o $1,060.862 In July, 1922, Net to stock increased to $1,031,829 from $832.326. while net to common stock and reserves in the month _increased to $615.936 fron $422,458 ilover Portrait A handsome oil portrait C. Glover, chairman of of Riggs National Bank given conspleuous plac interior of the Institution ing was completed some months ago by Edmund C. Tarbell, of best known painters in thiz countr Mr. Glover is s ope Electric and to on incidents being the ading wa 100 and . and changed Comp: ny earn months preced 363 a share ced. of Ch, the board s been in ths he paint- a one the convalescing nicelv at York Harbor. Me, where he cently underwent an operation gall stones, it was said at the bank Charles D. Boyer, cashier of the Federal-American National Bank. spending his vacation at Ocean Cit N. J. _——— FOREIGN EXCHANGE: Hibbs & Cob ling checks (Quotations furnished by W. B. London. pound d Brussels, Rerlin, Rome. Zurich, Athens, Madrid. peseta.... Vienna. crown. Budapest, crown.. Prague, crown.. Warsaw, mark.. Copenhiagen, crown.... Christiania, crown.. Stockholm, crown....... By the Associated Press. NEW YORK, August 16.—Foreign exchanges irregular. Quotations (in dollars): Great _ Britain. demand, 4.56%; cables, France, demand, L0554 Italy, demand. 104301 cables, .0431. Belgium, mand, ,0445; cables, .044512. German: demand, .0000003; cables. .0000003: Tolland, demand. .3937; cables, .3940 Norway, demand. .1636; Sweden, de mand, .2065; Denmark. demand, 1 Switzeriand, demand, .1525; Spain, de mand, .1357; Greece. demand. .0176 Poland, demand, .000004; Czecho- slovakia, demand, 02921 : Jugoslavia, demand, .000106%3; Austria, demand 000014%; Rumania, demand, .0040; Ar- gentina. demand,’ .3312; Brazil, d mand, .1000; Montreal, .97 23-32. 00040 04811 BAR SILVER QUOTATIONS. NEW YORK. August 16.—Bar silver, 63%: Mexican dollars, 48%. LONDON, August 16.—Bar silver, 31 1-16 pence per ounce. Money. 2% per cent; discount rates, short bills, na“/f per cent; three-month bills, 8 3-16a3 1-4 per cent. ’