Evening Star Newspaper, May 3, 1924, Page 24

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THE - EVENING - STAR, WASHINGTON, -D. - C.,° SATURDAY, ‘MAY -3,~1924. - FINANCI AL. STOCK PRICES MOVE BOND MARKET QUIET WEEK OF INDECISION |INACTIVE TRADING IN IRREGULAR WAY Bear Selling in Early Market Checked by Strength of Fuel Issues. OTHERS REACH NEW HIGH Readjusting of Speculative Ac- counts Figures in Situation. the Associnted Press. NEW YORK, May 3.—With a num- ber of traders absent over the week end and no definite new developments to influence the market, stock prices moved in a rather irregular manner in today's session. Bear selling of some of the volatile specialties in the early trading was checked by a harp display of strength in Colorado Fuel, which vanced 3% to a new 1924 top at 39%, and in the shipping shares, Marine preferred also touch- ing a new high just below 37. Kresge jumped’ fifteen points on a single transaction. The closing was firm. Sales approximated 275,000 shares. Readjustments n Factor. Readjustment of speculative ac- counts brought back considerable ir- regularity at the opening of today’s stock market. but the main trend was again upward. Colorado Fuel ad- vinced % to 36%, a new 1924 top, and moderate gains also were recorded by a number of the motor oil shipping and railroad shares. Coca Cola dropped about a paint. Selling Orders Increase. Selling orders increased as trading progressed and the general list soon took on a decidedly reactionary ap- pearance. Pierce Oll preferred was hammered down more than 3 points in response to the legal proceedings brought a of the com- pany. Unite t Iron Pipe, the! 1 and Davi- each dropped about 1% ;eneral Electric eased % shares held firm industrials showed litil Foreign exchanges were on quiet trading. points an Other Chemical Standard change. steady NEW YORK—Stocks, firm; Colorado Fuel, at new 1924 top. Bonds, irregu- lar; Serbian Ss drop 2 point For- eign S, steady: narrow movements and_sterling. Cotton, easler: favorable weather. Su- gar, lower; increased crop estimates. Coffee, firm: short covering. CHICAGO—Wh declined; weck end realizing. Corn, ely stead: better weather. Cattle, strong. Hogs, | steady to higher. FIGHT ON CONTAGION MAY BE CURTAILED Funds Nearly Gone, Fowler's Force Faces Cut—Only Four Small- P pox Cases Here. Although there have been 100 cases of smallpox reported in the District since January 1, there are only four patients under treatment at the pres- ent time and Health Officer Fowler does not regard the situation as dan- gerous. No deaths have gccurred. Nearly all the-cases, Dr. Fowler said, have been mild in form, and many of them went undiscovered and without medical care until they had practically recovered. What is concerning the health offi- cer, however, is the question of how to finish the fiscal year without cur- tailing the contagious disease forte. Congress grants an annual appro- priation of $40,000 for control of such maladies, but’ limits to $25.000 the amount that may be spent for per- sonal sorvices. Unless the limitation is removed the health office will have used up the $25,000 within a few wecks. VIRGINIA NATIVE DIES. Mrs. Louisa F. Seabrook Succumbs in New Mexico. Mrs. Louisa Fauntleroy Seabrook, & sister of Miss Anne Magill Fauntle- roy and Mrs. William Channing John- son of this city and of Robert Conrad Fauntleroy of Hyattsville, Md., died in Albuquerque, N. M, April 18. In- terment was in Winchester, Va., April 24, Mrs. Seabrook was the daughter of the late Dr. M. and Mrs. Sallie Conrad Fauntieroy of Staunton, Va., and a niece of the late Maj. Holmes Conrad. She had lived in New Mexico with her two little boys. Besides her two sisters in this city and her brother in Hyattsville she is survived by her two small sons, two other sisters, Mrs. Kennon Clack of Philadelphia and Mrs. Kate Fauntle- roy Miller, and three other brothers, Dr. Powell C. Fauntleroy, United States Army, retired; Dr. Archibald M. Fauntleroy, United States Navy, retired, and Dr. Charles M. Fauntle- roy of the United States public health service. WIFE GUIDES POLICE. Dressed as Boy, She Leads Vice Squad to Husband. Disgulsed as a boy, Mrs. Edith C. Streitz, bobbed-haired _blond, _early today _accompanied Lieut. Davis, Sergt. McQuade and Policeman Bauer of the vice squad to 1628 E street southeast, where, it is alleged, they found her husband, Max C. Streitz, in company with Mrs. Bettie Foster, a widow with two children. A statu- tory charge was lodged against Btreitz and Mrs. Foster. In Police Court today both- de- manded jury trials and the cases were continued. Members of the vice squad and Mrs. ftreitz gained entrance to the widow's home by means of a ladder raised to v second-story window. The two women became involved in a per- sonal encounter, which was quickly \erminated by the vice squad. Mrs. Foster and her two children ere taken to the house of detention, while Streitz, alleged to have de- ierted his wife and child, was taken © the second precinct station. Bond ‘or the appearance of the defendants vas furnished. oungest ——— McCARL IS QUESTIONED. Pestifies Before House Shipping Board Committee. The powers of Controller General HeCarl, clarification of which is be- ing attempted by the House judiciary sommittee, were inquired into today by the House Shipping Board come Inittee, with Mr. McCarl himself as a witness. Questioned as to his attitude to- ward the Emergency Fleet Corpora- tion, the ocontroiler general sald he was awaiting a decision by the Su- preme Court determining the cor- poration's status. He regarded the Shipping' Board as purely a govern- mental institution, he said, and his powers s to audits were held to be the same relating to it as any other government department, Air Reduct (4). Ajax Rubber. Alaska Juneau Allied Chem (4). . AmAgriChempt Am Can (16). ... AmC&F (12).. Am Chicle.. ... Am Hide & L, pf. . Am Internatl. . .. Am Locomo (6) . Am Radiator (4). Am Ship & Com. Am Sm & Re (3). Am Stl Fdys (8). Am Sugar....... Am Sumat Tob.. AmT&Cab (5). Am T & Tel'(9).. Am Tobac (12).. Am TobB (12).. Am Tob pf (6)7. Am Water Wks. . Am W W pf (6). Am Woolen (7). . Am Zinc..... Anaconda. AtT&S Fe (6) AT&SFpt (5). AtGulf & WI... AtGulf & W1pf Bald Loco (7) Bal & Ohio (5).. Bal & Oh pf (4). Bayuk Cigar B'ch Nut (2.40) . Beth Steel RBeth St pt . Brk Edison (8) Brl 4 Man Tran. . Brown Shoe (4).. Butte&Superior Cent Leather Co. Cent Lea Co pf. .. Cerde PasC (4). nd Mot (6).. Ches & Ohio (4). Chic Gt West. . .. Chic Gt West pf. Ch Mil & St Paul. Ch Mil & St. P pf. Chi & Nwn (4) ChicR1& Pac. CRI&P DI (6). Chile Cop (2%). Chino Copper Cluett, Pea a (7).... Colo Fuel & Iron. Col Carbon (4) .. Com Salv A (4). . Congoleum (3). Consol Cigar C Gas (5). Cont Can (4).... Cont Motors (20¢) Corn Prod new Cosden Co. . Crucible Stl (4) Cub Am Sug (3) Cuban Cane Sug. Cub Cane Su pf.. | Cub Dom Sugar | Cuyamel Fr (4).. Danl Boone M (3) Davidsen Chem. . Del L& W (6) Det Ed Co (8) Dul So Sh & Du PtdeN (). Dug Lt st pf (7) Eik Horn Coal End-John (5). Erie. Erie 1st p Famous P1 (8) FdM&Spt () Fifth Av B (54¢) . Fisk Rubber. Gen Asphalt. Gen Asph pf (5) . Gen Elec (8).. . Gen Elspe (60c) . Gen Mot (1.20). Gen Petm (2) Gimbel Br pf (7). Glidden Co. . Gold Dust w. i Goodrich 3 @ Goodrich Goodyear pf. Gt North pf (5).. Gr Nor Ore (3) Gt West S pt (7). (Guantan Sugar. .. Gulf St Stl (3) Hartman Co (4).. Houston Ofl.. . Hud Mot C (3) Hupp Mot C (1) Indian Refining. . Inspiration Cop. Int Bus Ma (3). Int Cement (4) - Int Com Eng (2). Int Mer Marine. . Int Mer Mar pf. Internat Nickel. . Jones Bros Tea Jordan Mot (3). Kayser pf (8) Kelly Spr Tire Kenne Cop (3)... Keystone T& R. . Kresge SS (8). . Lee Rub & Tire. . Leh Val (3%). . Leh Val rights Lima Loco (4) Loews Inc (2) . Loft, Incorpor. Lorrillard (3). Ludlum Stl (2) - Melntyre (1).... Mack Trucks (6) . Magma Copper-. . . Man Elec gtd (4) . Maracaibo Oil. ... Marland Oil. ... Mathieson Alkali Maxwell Mot A.. Maxwell Mot B. . Mex Seaboard(2). MexSeabd ctfs(2) Miami Cop (2) . Middle St Oil Mis Kan & Tex. Missouri Pacific Missouri Pac pf.. Montgom Ward. Moon Mot (3)... Mother Lode (1) Nat Biseuit (5).. Nat Supply (3).. OrT&M (7). Y Air Br (4). YABrA®).. N ¥ Central (7). NYC&StL (6). NY NH & Hart. N Y Ont & West Norf & W (i8) North Amer (2, North Am pf (3).. North Pac (3) Orpheum (13)... Otis Flevat (). Otis Steel. ... Pacific Develp Pacific Oil (2. Packard (1.20) Pan Amer (4) Pan Amer B (4).. Par & Bing (2)... Penn Railr'd (3) . Penn Seab Steel. . Peop Gas Ch (7). Pere Marq, (4) PhilaCo (4)..... Phila& R&I.. Phila & R&I ctfs. Phillips Pet (3) Pierce-Arrow. Pierce-Arrow pf.. Pierce Oil. . Pierce Oil pf. Pitts Coal (4) Pitts Ut pf 1.65. .. Pitts & West Va.. Press St1C (4)... Prod & Refiners. Puliman Co (8) . ‘Punta Al 8u (5) Pure Oil (1%) Pure Oil pf (8). Ry Stl Spg (). Ray Cons Cop. . . Reading (4) Reading rts. . ... LRey TobB (3)... Open. High. 3 5% 1% 1% 21 101% 158 16 53 21% 3 964 12% 684 84% 42 12% 39% 126 143% 140 102% 47 97% 66% Th 324 . 100% 884% 16% 204 111% 53 674 40% 48 48% 931y 113% 3 14% 40k 16% 4 238% 147% 12 38% 5% 106 8% 674 36 64% 235 12% 22 58 12, 41% 48% 25% 116% 57 23% 5% 1% 10 B2% 18% 6% 3 101 7% 18% 16% 128% 28% 45 51% 18% 147% 8 49 10 48% 46% 15% 43% 2 93 47% 43% 41% 4l 28% T 19% 2 25 58 12 41% 48% 26 119% 57 234" 5% 112% 10 63 18% 66% Low. Close 3 5% 1% 7% 21 101% 158 16 b2% 21% 72% 96% 12% 62% 4% 42 12% 397 126 143% 140 102% a7 97t 65% T% 82% 1003 8% 16% 2014 1% 3 5% % 73 21 1024 159% 16 52% 22% 4 964 13% 634 E 43% 13 39% 126 143% 140 102% 47 97k 65% % 32% 100% 84 16% 21% 113 62% 57% 1% 48 49% 934 113% | chang | cables, (per trillion), |den. demand, .02636%2. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close. 20 20% 20 36 36W 36 48% 48% 4T% 21% 21% 2% 83% 84 834 % kY ket 844 94l 94% 22y 224 22% 13% 13% 13% 20% 20% 20% 28% 23% 234 884 89 B8% b3 534 53 G68% 59 B8% 264 364 6% 66% 66% (6 B3la B4 8% 334 33% % 4 St L San Fran. .. St L Southwest. . Savage Arms. Seab'd Alr Lpf. . Sears Roe & Co. . Seneca Copper. Shell Un pt (6) . Simmons Co (1) . Simme Pet. ... Sinc Con Oil (2) Skelly Oll. . . South Pac (). ... Southern Ry (5). St 0il Cal (2).. StOUNJ (1), Stew't War (10). Studebaker (10) | . Studebaker (4).. Submarine Boat. . Superior Oil Texas Co (2). Texas & Pacific Timken (13%). Tob Prod (6). Tob Prod A (7). Transcont Of Un Bag Pa (6) . Un Pacific (10). Un Pacpf (4).... United Drug (6) . U D 1st pf (3% U S Cast Iron U S Ind Alcohol USR&Im (8)... U S Rubber....... USR 1stpf (8). USSm'tpf (3 U S Steel (15% U S Steel pf (7T) Utah Securities. Va-Caro Chem. Va-Caro Ch pf. 1 Ry & Power adou §(2). Wabash. . 1 ‘Wabash pf A.. Web & Hellb (1) . West Maryland Western Pacific West Pac pf (6) . West E&M (4).. Wheel & L Erie. . ‘Wheel & L Er pf. Wh Eag Oil (2) ‘White Mot (4). ‘Wickwire Sp Stl Wilson & Co Wil&Copf...... Willys-Over pf. ... Woolworth (8) . . Woolworth wi(3). Wright Aero (1). Wrig W Jr (3). Yellow Cab (3) 53 ) 5,2‘-: s:;k P referred stock. ey o en “in” tBe above "table nusl cash paymens based on the terly or half-yearly declarations. Uniese ‘otherwiss noted. extra or specisi dividends are not included. CHICAGO GRAIN MARKET. HICAGO, May 3. — Favorable her conditions for the new crop, together with additional large de- liveries on May contracts, tended to ease down wheat prices today during the early dealings. Besides, foreign markets were unresponsive to yester- day's advances here, and scattered selling resulted from opinion that some setback would be natural. U certainty, however, about farm leg- islation pending at Washington acted as a check against declines. The opening, which varied from un- changed figures to % lower, with May 1.05 to 1.05% and July 1.073% to was followed by a little de- cline all around Corn and oats paralleled the action of wheat. After opening unchanged to 1.04 off, May 781 to 783, the corn market underwent a slight general drop. Oats started unchanged to a shade higher, May and later showed losses Provisions were easy in the absence of any special demand. WHEAT— Open. High May Ce 105 10BY July DroTy 107 September CORN 9% 4 40% 274 354% 40% 284 35% 5% 85 4% 49% 131 0% 7 4644 91% 673% 99% 20% 7615 40 99% 120'% 0% 27 35% 57% 85 4% 49% 130% 0% ks 46% 89 €7 97% 29% 6% 40 984 1204 9% 17 6% © K 16% 44% 1814 8% 17% 61 56 8% 1% 24% 52 A i 21 68 317 80% 9 94 86% 364 8% 61 854 52 2% 74 24 687 317 #0ly 9% 864 52 24 T 317 97a 364 Low. Close. 1085, 1084 5 July Beptem OATS— May July September T 0w FOREIGN EXCHANGE. (Quotations furpished hr W B, Hibhe & Co.) Nomin Selling 0ld value. checks today. 4.38° 30 trillion, 0448 1778 0220 1388 000141 00015 ‘0295 000025 crown Budagest, erown Prague. crown Warsaw. mar Copenhiagen, o Christiania, crown .. Stockbolm.” czown By the Associated Press. EW YORK, May easy.. Quotations, . dollars Great Britain, demand. 4.38% cables, 4.38%. Sixty-day bills on banks, 4.361. France. demand, on_ bai 6.46. Italy, demand. .04.08 L04.48 Belgium, demand, bles, Germany, demand 3%. Holland, demand, Norway, demand, .1381%, Swe- Denmark, de- .1689. Switzerland, demand, Spain, demand, .1388. Greece, i 44444412 Jugo- de- mand, 1781, siavia, demand mand, .000014 % 51%. Argentina, demand, .. demand, .1135. Tokio, Montreal, 98 7-16. ————— SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Close.— Bid. Ofter. 1024 107 83% 121 Rumania, Aluminum Co. of Am Aluminum Co, of ‘Amer. 5 American Svgar 63 1637..... American Tel. & Tel. 6s 103 Anaconda Copper Gs 1929, ‘Anglo-American Ml 7i4s 1935 Associated Oil Gs 193: Bell Tel. of Canada Canadian Northern Fister HBody Corp. 6s 19 Goodyear T. & K. 83 193] Great Northern 75 1985. Gulf 0il Cor. of Pa. 5%s 1925 Humble Oil 5is 1932 Kennecott Copper 7 1680, I & Liboy 7s i Oregon Snort Line 45 1929. Oliio Pow. & Lt. Penna. . /B, 7a,1500. Tidewater 0l 6 Umion Tank Car U. S. Rubber Western Union Westinghouse E. & M. Wheeiing Steel Gs 102t e e TU. S. TREASURY CERTIFICATES (Quotations furnished by Redmond & Co.) 2. Ofter. . 100116 100 1100932 1001132 5ise September 15, 1624.. 100 18-16 100 29-82 1%s December 13,''1924... 100 13-32 100 4 ch 13, 1925. . lm* 1007-32 4%s March 15, 1925. « 100 25-32 100’ 4143 Juve 15,1825, 1002132 1 100 21-32 1 101 516 101 716 49xs December 15, 4%s March 15, 1926, 100! 100 19-32 101 13-18 101 29-82 4i,s September 15, 1 11011132 101 7-16 4s June 16, 1024. 5%s June 15, 1924 4%s March 15, 1827, 4igs December ' 15, 1927. CHICAGO STOCK MARKET. CHICAGO, May 3.—Following is a report of today's sales, high, low and closing quotations at the Chicego Stock Exchange: Sales. - High 100 Armour Leather pfd 70% 10" Armour of Del pfd. 86 310 Commonw'Ith Edi'n 127% 200,Continental Motors. = 64 Midwest prior_lien 97 50 Montgomery Ward. 231 100 Montgomery Wi 10 Quaker Oats pfd. 2125 Stewart Warner Low. Close. 701 86 i 'Essiusfi:a & OEEE R ® BRg i & WITH PRICES FIRM Week Just Ended Held Most In- teresting Period of the Year. BY GEORGE T. HUGHES. Special Dispatch to The Sta NEW YORK, May 3.—Quietly firm prices characterized the end of the week trading in the bond market. Al- together it has been one of the most interesting weeks bend traders have seen this year. Under the stimulus of a reduction in the rediscount rates of the New York Federal Reserve Bank there was a sharp upward movement in government bonds and other high-grade securities. A good deal of the advance was lost under subsequent profit taking, but as prices stood today, all libertys were up on the week, with the treasury 4%s having the distinction of a new high for all time made at the open- ing on Thursday. First Mortgage Ralls Steady. The first mortgage rails and the gilt-edge industrials were steady to- day around the highs of the week, but buying was not so active. In the forelgn group today's fea- ture was the reaction in the Jugoslav 8s, which, under fairly large offer- ings, dropped rapidly under 80 for a loss of nearly 2 points. Speculation in this issue has been so ¢xtensive that a reaction was overdue. The other interesting incident was the continuation of yesterday's unusually active trading in Bolivia 8s, in prep- aration, as “the street” belleves, for a new Bolivian dollar loan. French issues continued to mark time pend- ‘ng the results of the elections abroad. Speculative ralls have been neg- lected most of the week. New Haven issues were a_ little stronger today, particularly the New York, West- chester and Boston 4l%s. The New Haven earnings in March were the best for that month in any year since before the world Industrials There were a few interesting move- ments among the industrials. Amer- fcan Smelting and Refining 5s at 93 were at the high on this movement. In more speculative bonds Interna- tional Mercantile 65 were strong, re- sponding to the same influerices that brought about the upturn in the pre- ferred stock. Commenwealth Power Corporation 6s sold 'again today at the high of the year. Interest was also shown n tho bonds of West Penn Power, a subsldiary of American Water' Works and Electrie. New offerings for the week totaled over $125,000,000. The largest and most important issues were the §40,- 000,000 Kingdom of the Netherlands 65 'and $30.000,000 Bethlehem Steel consolidated 6s. It is still too early to say how permanently either of | these ‘issues has been placed. - SAYS SHOALS BIDS NEGLECT FERTILIZER Ordnance Chief Tells Senate Pro- duction Offers Are of Un- | certain Value. From the standpoint of fertilizer ernment for the operation of Muscle Shoals, Ala., “are of uncertain value,” Maj. Gen. C. C. Williams, chief of Army ordnance declared at today's session of the Senate agriculture com- mittee conducting hearings on the shoals proposition. The Unlon Carbide Company’s plan, and the Hooker plan are “undesir- able” in his opinion, Gen. Willlams sald. He added that these are “cost plus contracts.” Gen. Willlams said the feasibility of producing nitrogenous fertilizers by fixation of atmospheric nitrogen foryuse tnder Awmerican conditions is sti'l anen to_doubt. While the United States is a heavy impoiier of Chiean nitrate, he con- tinued, it has also become an ex- porter’ of ammonium sulphate. this latter material being representative of a class of materials most gener- ally produced by nitrogen fixation. The nitrogen fixation plants which have been established In this country are producing ammonia for the high period refrigeration or chemic trade, and have not, as vet, ent the low-priced fertilizer mar Tanver Prices Necessary. “If the products are to be of any M eTtar Leueul Lo tac farmer.” ex- plained Gen. Williams, “they must be sold at prices lower than those vet attained “At prices existing four years ago it seemed quite probable that United tates mitrate plant No. 2 would be operated for fertilizer production on & self-sustaining basis.” The witness then quoted statistics illustrating “the uncertainty of the fertilizer market, which has, no doubt, been carefully considered by every one offering to undertake production at Muscle Shoals. There is a chance of a heavy loss being incurred in guaranteeing to produce a fixed quantity of fer- tilizer. : W. G. Waldo, engineer and secre- tary of the Tennessee River Improve- ment Association, with headquarters at Chattanooga, testified at length in support of the Ford offer. WANTS DRY AGENT OUT OF BALTIMORE Representative Hill Makes Fight on Fisher, Who Figured in Sen- ator’s Wounding. Representative John Philip Hill bas written to District Attorney Peyton Gordon protesting against the assign- mept to Baltimore of Prohibition Agent O. E. Fisher, who was involved in the pistol battle during which Senator Frank L. Greene of Vermont was shot. Mr. Hill in his letter asked whether it was true, as charged, that Fisher is the man who accidentally shot Sen- ator Greene. If so, Mr. Hill says, he will take up with Secretary Mellon the question of having lrim removed from Baltimore. Responsibility as to who actually fired the shot which struck Senator Greene has never officially been fixed. The matter was presented to the fed- eral grand jury here, but no indict- ment resuited. The Vermont senator was struck in fhe head with a bullet which issued from an alley along Pennsylvania avenue, where a pistol battle between bootleggers and Pro- hibition Agent Fisher was in progress. Fisher, it was explained at proh bition headquarters today, is in Bal- timore on special duty, not active prohibition” enforcement, such as he was engaged in_during the battle. The plan when Fisher 'was sent to temporary duty in Baltimore was to bring him back to Washington as soon as His detail there was finished. pamsiseue p N. Y. BANK STATEMENT. NEW YORK, May 3.—The actual condition of clearing-house banks and trust companies for the week shows an excess in reserve of $17.015,020. 'This is & decrease of $1,592,280. P Spns e Py ~ It matters little what it is that you want—whether a situation or a ser- vant—a want ad in The Star will reach ‘the person who will fill your want. |production, all offers made to the gov- | (Sales are in $1.000.) UNITED STATES BONOD! 173 99-27. 99+26 99-27 149 10010 100-8 100-8 516 100-7 100-5 100-7 611 100~18 100=16 100=17 685 100-13 100-10 100-11 41 10125 101~20 10125 FOREIGN. Bales. High. Low. Close 7 101% 101% 101% 90% 90% 90% 90% 90 90% 102 101% 101% 99% 99% 99% 102 101% 101% sl 90 90% 82 g2 82 80% 0% 80% 95% O4% 95% 100% 100% 100% 101% 1014 101% 100 100 100 99% 99% 99% 103% 103% 103% 103% 103% 103% 96% 95 98% 39% 394 391 108% 108% 108% 90 90 90 93% 93% 9% 96% 108% 1084 95 95 86% 86% 93% 9318 93% 931 89% 89 90k 90 99% 9914 9 95% 5% 75% 100 ~ 100 9% 9% 9TH 9TH 9% 9% 91% 91k % % 82% 82 90% 90% 110% 93% 94 86% 74% 8 106% 99% 91% 100% B8 79% 1024 1123% 974w 108% 101 US4ygs1952. Argentine 7 Argentine Austria 7s Belgium 7% Belgium 6s. Belgium 8s. Canada b6%s 1929, Canada 65 1931. Canlldl 581952, 941, Chile 75 1943. Chinese Gov Ry 58 Christianta 8s. ... ‘openhagen 5%s Cuba 5. Caechosl Denmark 8s. Denmark és Dutch EI5%s. Dutch East I 68'47. Dutch East I 68'62. Finland s f 68 1945, Framerican 7% French Govt §s. French Govt 7% Holland-Amer §s. Italy 6%s 1926 Japanese 1st 4%s. ese 2d 4 }5s. . Japanese 4s. . Japanese 6%s w Jergens U M 6s ‘4 Lyon 6s. ... Netherlands 6s. Norway 8s. Norway 6s 1943 Norway 6s 1952 Orient Dev deb 6. Paris-Ly's-Med 63. Prague T%s. . Queensland 7s.... Queensland 6s. Rio de Jan 8s 194 Salvador 8s " Seine Dept of 7 Serbs Crotes Sl Sweden 6s. Swiss Confed 8 Swiss 5%s 1946.... 15 Ud Kingm 6%s 29 22 Ud Kingm 6%s '37. 26 Ud Steam Copen 6s 5 87 87 Uruguay 8s. 3 104% 103% MISCELLANEOUS. Ajax Rubber 8s. Bl B1% Am Agr Chem 7 85 Bav Am SmIt&R 1st b 93 92% Am SmIt&R 6s. . 104 103% Am Sug ref 6s.... 99 987 Am T & T cl tr bs. 98% 981, AmT & Tecltrds 94% 94% Am T & Tdeb 5%s 72 100% 100% Am Water Wks 53 7% BT% Anaconda cv db 96% 964 Anaconda Ist 6s 5% 9ale Armour & Co 4% 8614 Armour of Del 5%a 12 83% Atlantic Refin 5. 9815 | Barnsdalls £ 8s 9% Bell Tel Pa 53 987y Beth Steel 515 °53. 884 Beth Steel rf 58 947 88% 96% 95 108% 3% 97 108% 95 86% 934 93% 8o% 90% 99% 95% ThY% 100 7% 978 9% 91% 7% 82% 90% 110% 3% 94 864 4% € 106% 99% 92 100% 88 80% 102% 112% 9744 108% 1014 w1 e AR v umBCulornrma aSroNwwa SehR 4% 85 106% 99% 92 100% 88 814 102% 112% 9744 109% 1014 wmSam ~Samuma 0 © -8 ® - ses 3aS2nlalne Brier H St ist 5%s Bkiyn Edison 7s D Calif Pete 6is. Central Leather 58 Chile Copper 6s | Col Gas & El z | Commonwth P 6a.. | Con Coal Md 1st 33 | Consumers Pow 5s. Cuban-Am Sug Ss. Cuba Cane cv d $s. Det Edison ret 6s.. Donner Steel 7s. Du Pontde N 7% Duquesne Light Est Cuba Sug 7%s. Empire G&F 7% Goodrich 6%s. Goodyear Goodyear 8s 1941 Hershey 631942, Humble O&R 514 tllinols Bell 1st 5 indiana Steel b: | Int Mer Marine 6 | Inter Paper 5s '41... | KCP&Lt6s AL Kan G & El 68 '52... Kelly-Spring $s... Lackaws § b3 '50 Liggett & Myrs 5s. Lorillard (P) 6s. Magma Cop cv 78 Manat! Sug st 7% Mexican Petrol §: Montana Power 53 New Eng Tel 63 NYG EL H&P 58 |NX T s ‘41 Y 7ol 6848 NY Teld%s North Am Ex Nor States Pow &s. Nor States Pow €s. Northwst BTel 7s. Pacific Gas & E153 Pac T& T Isth Phil & Rdg C&I1 5 Phila Co b%s '3 Phila Coref Gs A Producers & R §: Public Service 5s. Sharon St1 HSs Sindlair Oil 7s. Sinclair Ol §%: Sin Crude J% 5% Sin Crude Oil 6 Sin Pipe Line South Bell Tel 5s Southwest Bell Steel & Tube 78 Tenn Elec Pow 6 Tide Wat Oil 6%: Toledo Edn 1st T soet DooamaGe el B e 1 B G100 01 0 S neBoallnaanmensn 12 US Rubber 7% U S Steel s { bt Utah Pow & Lt 5: Vertientes Sug 7. Va-Car Chem 7: Va-CarCh 7%s w. ‘Warner Sug 7s "¢1. Western Elec 38... Westinghouse 75.. Willys-Ov 6%s 3. . Wilson & Co 1st 63 Wilson&C cv T%s. Wilson & Co cv. Youngstn S & T 6 MUTUAL SAVINGS GROW. Deposits in Fifteen Baltimore Banks Reach Peak. BALTIMORE, May 3 (Special).— Deposits in fifteen mutual savings banks in Baltimore rose a little less than 1 per cent during March, reath- ing at the end of that month the highest total reported for any date since the federal reserve bank be- gan tabulating the figures, in Janu- ary, 1920. On March 31, 1924, the fifteen banks had combined 'deposits amounting to $142,329,341, compared with $141,102,- 463 Treported at the end of January, 1524, the previous record month. ‘On March 31, 1923, degsits in the report- ing banks aggregated $134,954,223; on March 31, 1920, to $120,667,494. The March, 1924, total shows an increase of 5.5 per cent over deposits a year ago and a gain of 18 per cent over deposits in March, 1920. . Checks Signed by Wire. Handwriting now is transmitted by telegraph as a regular ‘service by the French post office department, according to Popular Science Monthly for May. . Already French banks are honoring telegraphed checks, for a perfect reproduction of the sendérs signature is transmitted electrically aver the wires. ¢ % 101% 103% 90% 95% 61 31 102 96% 107% 9% 81 55 53 9% @ waRawrmoSwSunn @ 954 [orwev vorx BONDS oo ricmanc] Received by Private Wire Direct to The Star Office. RAILROADS. High. 12 [3 50 5 3 10 9 34 32 Atchison gen Atchison adJ 4s. Bkiyn-Manhat Canadian North 7s Canad North 6%s. Canad Pac deb Cent of Ga 6s. Central Pacific Ches & Ohic cv 6s. Ches & O cv 4 % Ches & O gn 4%s.. Chi & Alton 3 Chi & Alton 3%s. Chi B&Q gn Chi B&Q 1t rf 58 Chi & E 11l gn 5 Chi Great West 4 Chi M &St Prf 4% ChiM & St P cv bi ChiM & St P 4s '25. Chi M&S P cv 43 Chi M&ST P 4s CM&StPdbds... Chi M & 5t P Chi& N W 7 Ci! Rys 58 Chi RI&Pgnds.. ChiR1&Pacrf 43 ChlT H & SE Gs. Chi-Un Sta 4% Chi Un Sta 6% Chi & W Ind cn Cleve Term bs..... Colo & Sou 4%s Del & Hudson 5%s. Den & Rio G cn Det United 4%s. Er{s con ext 7 Erle gen 4s... Frie conv 4s A, Erie conv 4s B. Erie conv 2 Gr Trunk sf db Grand Trunk T4 Gr North gen 7s. Gr North genbl4s. . Hud & Man ref bs. Hud & Man aJ G 111 Central 6%s. Int Rap TTan bs. tut Rap Tr Gs st| Int Rap Tran Int Rap Tran 78 Int & G Nor aj 6a Int & G Nor tat Towa Cent rf 43 Kan City Ft 8 & Kansas City § 6 Lake Shore 4s Lehigh Valley Louls & Nash 7. .. Louls & Nash %1 Louls & NGs B.. M StP & SSMcn 4s. prinbsA. ol oo = e LT - - @ TP ST CI T LTI CPR =P T T TP SN O MK&T MK&T MK&TS6aC. MK & T 28 6 Mo Pacific 6s Mo Pacific gn 4 Montrl Tm 1st 68 New Or Term 4s. N ¥ Cent gen 3% ¥ Cen deb 6 NYCenribs. N Y Cent cn 4 NYC&StL6sA.. New Havencd 6s. New Haven d 4857 New HavenTs..... NYOnt& Wretds Y W & Bos 4%s... Norfolk & W cn 4s, Northern Pac 3: rthern Pac Northrn Pacr i 6 Northern Pac 5s D. Ore-Short L ref 4s. Ore-Wash 1st rf 43 Pennsyl gen bs. ... Pennsyl gen 4%s.. Pennsyl 6%s. Pennsyl gold Pere Marq 1st s Reading gen 2 Reading gn 4 yswi Rio G West cl 4s... RIATk & L4%s... St LIMA&S R&G 4s. StL&SFpldsA.. StL&SFoprinbs. StL&SFincés... StL&SF5%D... StL&SFad)és StL&SFplésC.. StLS W con 4132 StP & KCShL 4%s. St P Un Dep 5%s.. Seabd A L 4ssta.. Seab’d A T.ad) Ss. Seab'd A L con Sou Paclfic 4s 1 Sou Pacific ret Sou Pactfic clt de.. Southern Ry 1st is. Southern Ry gn Southern R¥ 6%4s.. Southern Ry 6s ct. Third Ave adj fs... Tol St L & W 33s. Union Pac 1st 48 Union Pac 1st f 48 Union Paccv 4s... Union Paciic cv 63 Union Pac 1st rf 53 Virginia Ry 1=t §s. Western Md 4s Western Pacifl West Shore 1st 4s. 1 TOTAL SALES (Par Value): 11a.m.. 2965000 12 noon 5 868000 LONDON OLD-TIME BANK SOON TO LOSE IDENTITY Institution Founded in 1560, Noted by Dickens, Absorbed by An- other Banking Company. LONDON, May 3.—Child & Co., the oldest private bank in England and perhaps in the world, is to be ab- sorbed by Glyn, Mills & Co., in ac- cordance with the will of the eighth Earl of Jersey, senior partner, who died on December 31. Child’s Bank was founded about the year 1360, has occupied the site of its present offices in Fleet street ever since, and is full of historic associa- tions. Oliver Cromwell, Samuel Pepys, Horace Walpole, the poet Dryden, Charles T1 #nd his famous paramour, Nell Gwyn, were among the many prominents who had accounts at the bank, which is identical with Tell- son's’ in Dickens' “Tale of Two Citles.” The latest balance sheet of Child & Co. showed deposits of £3,000,000. Combined with Glyn's they will ex- ceed £20,000,000. —————— JUMP FOR BULK CARGOES. Baltimore Port Yesterday Reports Record Receipts. BALTIMORE, May 3 (Speclal).— More bulk cargoes arrived in Balti- more -from foreign ports yesterday than 'at any time this year. As a re- sult’ customs receipts for the port will receive a big boost. : Of ten vessels to enter from for- eign countries, four brought car- goes of oll from Tampico, Mexico. Cargocs totaled approximately 300,000 arrel Four othér vessels brought full car- goés of iron ore from Chile, and Cuba while two other ships brought full cargoes of ore from Spain. “N. Y. DAIRY PRODUCTS. NEW YORK, May 3.—Butter—Firm; 68% 82% 64% 92% 72% 100 82 5% 8 o 534 4% 8674 82y 9% 2% 101% 09%% 42% 98% 90% 84 97 4 103% 1018 254 62 5% 20% © ESatmtiwenia o 9% | IN COTTON MARKETS Nervousness Displayed and Busi- ness Irregular Due to Evening TUp of Commitments. By the Associated Preas NEW YORK, May 3.--The cotton market has been nervous and fir- regular during the past week and business attributed largely to the evening up of commitments in the old crop positions and the liquida- tion of straddles betweerr near and late deliveries. The additional no- tices issued against May contracts on Tuesday, led to some liquidation, but the offerings were absorbed on a moderate reaction in the premium. Warehouse stocks here were re- duced to about 65.000 bales by the end of this week, and according to all re- ports additional shipments are pend- ing, with local spot men expecting to see the stock down to about 50,000 bales by the middle of this month. Nothing has been heard of any ship- ments in this direction from the south for delivery on contract and July shorts have shown signs of un- easiness Any delay in the early new crop movement would be expected to react bullishly on the end-season po- sition, but the main factor on the advances has been the continued free export movement and reports of ex- port demand. Exports so far this season amount to 5,079,627 bales, compared Wwith 4,297,456 to the same date last year afd last years total season exports of 4,864,027 bal Some authorities are looking for a falling off in the export movement after this month, but the figures to date have raised a question as Lo whether the coun is not overexporting. On the other hand, reports from the domestic &0o0ds markets have shown no im- provement and mill curtailment in this country s believed to be in- creasing, with spinners taking less raw cotion from their current con sumption. Toward the end of this week many reports were reaching hers to the effect that considerable cotton would have to be replanted in the southwest. COTTON MARKETS. NEW YORK, May 3.—The selling movement, which had developed in the cotton market late yesterday, was resumed at the opening today. First prices were barely steady at declines of 3 to 10 points and active months sold 11 to 19 points net lower in the ecarly trading, July declining to 28.94 and October to 24.10. There were re- iterated reports that replanting was necessary in the southwest, but the carly weather news indicated that recent storms had been followed by generally favorable conditions. The selling here was prompted by rela- tively easy Liverpool cables. South- | ern mill curtailment was said to be increasing and it was rumored both southern and New England mills had been sellers of futures here late yes- terday. NEW ORLEANS, May 3.—The cot- ton market opened somewhat easier on Liverpool cables and weekly trade reports Indicating a further slowing down of general trade. First trades showed losses compared with yesterday’s close of 8 to 15 points and prices continued to ease off after the opening until July traded down 7, October to 23.46 and Decem- or 28, 18 and 16 points, | vely, down from the previous . The market ruled steadier at | these levels, awaiting the weather map, and showed a tendency to rally slightly. LIVERPOOL, May 3.—Cotton—Spot quiet; prices easier: good middling, 18.01; fully middling, 17.56; middling, 17.06; low middling, 16.21; good or- dinary, 15.21; ordinary, 14.71. Sales, 3,000 bales, including 1,460 American. Receipts, 3,000 bales, including 600 American. Futures closed quiet: May, 16.91; July, 16.35; September, 14.82; October, 14.17; December, 13.73; January, 13.62; March, 13.50. SUGAR MARKET REACTION. NEW further reaction of 1 1-16 cents in the raw sugar market today, spot prices now being quoted at 5.96 duty paid. The only sale reported was a lot of 5.000 bags Cuban to an operator for second half May shipments. More favorable labor news from Cuba and increased offerings in the spot market led to renewed selling pressure in raw sugar futures. Final prices were 4 to 9 points net lower. May closed 4.20; July. 4.03; September, 4.38; De- | cember, 4.05 No improvement was noted in refined sugar, which was quoted at 7.70 to 8.10 for fine granulated. Refined futures wers nominal. ‘WOOL HAS DULL WEEK. BOSTON, May 2 (Special).—The Summer street wool market wound up a somewhat dull week today. with practically no change in prices Trading was spotty, with fine and me- dium territory wools in somewhat better demand. The London auctions next week and the coming sales at San Angelo. Tex., are being awaited before heavy commitments are made. GRAIN AND PROVISIONS. BALTIMORE, May 3 (Special) Potatoes, white, per 100 pounds, 7 150-pound sacks, 1.25a1.65; new. potatoes, barrel, 3.90a8.00; bushel, sweets and yams, barrel, bushel, 1.25a3.50; asparagus, 046.00; beans, bushel, 2.50a Lima_beans, bushel, 5.0026.00; 100, 5.00210.00: cabbage, basket, 1.75a3.00; carrots, 100, 4.00a6.00; cel- ery, crate, 2.75a4. cucumbers, crate, 4.00a7.00; egg plants, crate, 2.60a5.00; kale, bushel, 20a30; lettuce, bushel, '2.50a4.00; onions, per 100 pounds, 50a2.00; spring onions, 100, 1.00a1.25; . peas, hamper, 2.5024.00% peppers,’ orate, 150a4.50; radishes, basket, 1.00a1 spinach, bushel, 75a1.00; squash, crate, 3.00a4.00; to- matoes, crate, 2.50a6.00. Apples, packed, barrel, 2.00a5.00; bushel, 50a1.25; box apples, 1.50a2.25: grapefruit, box, 1.75a2.75: oranges, box, 2.50a4.00; strawberries, quart, 25a4 ) ettling Prices on Grain. Wheat—No. 2 red winter, spot, 113; No. 2 red winter, garlicky, do- mestic, 1.13%; no quotations on No. i or No.'5 red winter, garlicky. No sales. Corn—Cob, new, 4.25a4.30 - rol for vellow and 1.10a4.15 per bar- rel for white; No. 2 corn, spot, 881 No. 3 corn, spot, 85k, track corn vellow. No. '3, 90." Sales—i5 § No, 3 mized at 85, o ehel . Oats—No. 2 white, 58 y white, new. ST3ask. (% Noe Rye—Nearby, 70a80; No. spot, 75%. Nl e Hay—Receipts, 38 tons. The = ago of good hay in timothy and clover mixed is small on 6pot, and the market on top grades of such hay is firm as quoted. Damaged and spoiled and low grade hay is still hard to move and of uncertain value. Quotations—No, 1 timathe 20 ann 28.50; No. 2, 27.50a28.00; No. 3 26:00426.00 No. 1 e croies IO, 27.00a27.50: No. 2 light, 25.00 : No. 1 clover, mixed, 26.50a27.00 clover, mixed, £3.00a24.00. raw—No.' 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 13.00a 20.00; No. 1 'wheat, 18.00a18.50 ; No. 1 00a18.00. e e e DAIRY PRODUCTS. BALTIMORE, Md., May 3 (Special). oat, receipts, 4,811 tubs. Creamery, higher than extra, 38%a39; creamery extras (92 score), 38; creamery firsts’ (88 to 91 score). 36%a37%. Firm; receipts, 24,495 cases. Fresh gathered, extra firsts, storage packed, 25%a26; do., average run, 261%a27; do., firsts, regular packed, 24%a25; do., storage packed, 25%a26; do., seconds’ and poorer, 233%a24; Pa- cific coast whites, extras, 33a34. Chetse — Steady; receipts, 43,143 pounds, Live poultry—Winter chickens, per pound, $0a45; springers, 45abb; leg- horns, 40a50; old hens, 27a29; leg- horns, old, 25; old roosters, 16ali; ducks, 20a27; pigeons, pair, 35a40; guinea fowls, each, 40a60. Eggs (loss'off)—Native and nearby firsts, gve cases, per dozen, 22; southern, 21. 3 Butter—Creamery, good to fancy, 36a38'%; prints, 3%a41; nearby cream- ery, 33a35; ladles, 28a30; rolls, 26a2%; gtore packed, 26; dafry prints, 26a28; process butter, 34. YORK, May 3—There was a | a | ON LOCAL EXCHANGE" 3 Relatively Small Attendance Re- sponsible for Unusually Dull Session Is View. CAPITAL TRACTION GAINS Washington Banks Regard Redis- count Rate Reduction Favorably. BY CHAS. P. SHAEFFER. A relatively small attendance was responsible for one of the dullest ses- sions of the year on the Washington Stock Exchange this morning, when but four issues were active. The price level, however, was unchanged, small gains in one gecurity being offset by a corresponding decline on the part of others, Capltal Traction was the one bright stock of the day, scoring a small gain to 94, its highest level in several weels. An immaterial easing off one- eighth of a point on an odd lot sale at the close was regorded. Railway preferred was firm at the opening, but thereafter sold at the prevailing _level, 73%. Fifty-five shares changed hands. Washington Gas Light was off half a point to 45 on a ten-share sale. ‘Washington Gas 6s of 19 sented the only activity bond $500 selling at par and a quarter. View of Rediscount Rate Reduction. ‘Washington banking fnstitutions on the whole, in addition to the ma Jority of New York banks which ar: affected directly by the action, view favorably the reduction in the redis count rate. While it means a genera: lowering of rates throughout the money market, it also signifies slight decrease in the maximum ratc ? foterest payable on interior ban! and Gther deposits, which for son time past have been regarded as o of line. But it is the outside effe of the lower rate that is most inte sting to bankers. For the last fe weels the money market has becg more or less dormant. with the lev of rates rather higher than the ex. isting_condition of business warrants ed. But there seemed to be soma hesitation on the part of lenders ‘i repre- assume the initiative. The first brea has now been taken by the New Yor Federal Reserve Bank, and flancieA are hopeful that this will stimula® investment buying. ‘As regards business, a plentiful supply of money at reagonable Tates cannot be otherwise than favorabl: in the long run. Bank Clearings Increase. A fractional increase occurred in bank clearings this week which t taled $8.030,274,000 at leading citl of the United States. This amount is 0.5 per cent larger than that of year ago and is 4.4 per cent in excess of the figures reported to Dun's Re view for this week of 1 Most of the centers outside of ew York. however, had smaller clearings this week than was the case a Year ago. aggregate showing a decrease of 9.5 per oent. ) In contrast to last week’s tendency. failures in the Untled States this week increased in number, the total reported to Dun & Co. being 414. This is 44 more than the number last week and is 39 more than the 375 defaults of a ago. Each of the geo- graphical sections bad a larger num- | ber of faiiures than last week 300 Carpenters Quit. By Conmsolidated Press. | RICHMOND, Va. May 3.—Thereare approximate! 300 carpenters and plumbers who have quit their places because of refusal of the demand to grant them $1 an hour. The oon- tracting carpenters have signed up. {to the extent of 80 per cent, an agreement that they will not pay the carpenters more than the present scale of 80 cents an hour. s NEW YORK DRY GOODS. NEW YORK, May 3 (Special).—The | week ended in the Worth street cotton market with trading Gull and spotty but with quotations practically ui- | changed. Standard print cloths have | been quoted at 834 cents for 64x60s and 10 cents for 68x72s since Thursday. The raw silk market also was qui and unchanged, but the tone of the market was strong. | | Washin_gton Stock Exchange. SALES. Capital Tr;;ann Co.—10 at 84, 10 at 84, 10 t 94, 5 at ; i 5 Ve:‘lh.inflon Hwy. & Elec. pfd.—5 at 8 3, 10 at ;l{‘% 10 at 3%, § at Washington Gas Light—10 at 40. AFTER CALL. Washington Gas 6s '33—200 at 100%, at 100 BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel. & Telga. 4% & Tel. ctl. t Anicostia & Potomac 08 ... Anacostis & Potomac guar. 5s. | C- & P. Teleptone 5s - C. & P. Telephoue of Va. 5t | Capital Traction R. R. 3s. 1 City & Suburban_Gs. ctown Gas 1st Goure . R. 5 Poto | Potomac Elec. deb. Potomac Elec. Gy '53. Pot. Elec. Pow. & m. & ref. Cash., Alex. & Mt. Ver. MISCELLANEOUS. D. C. Paper Mfz. 6s.. 2 Riggs Realty 0s (long) Riggs Realty 53 (short) Southern Bullding 6%s.... Wash. Mkt. Cold Storage bs. Wardman Park Hotel 8s.. STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Traction. ashington Norfolk & Wash. Steamboa & Elec. com. & Elec. pfd. Capital Columb: Commerci District Farmers Federal-American Liberty 285z EEBLEE TRUST COMPANY. American Security & Trust. Continental Trust. Merchants' Bank National Savings & Trust. Union Trust ......... Washington Loan & Trust.. Commerce & Savings Fast Washington. urity Savings & Seventh Street United _States. Washington Mechanics = FIRE INSURANCE. American 2 Corcoran .. p Firemen's National Union. . TITLE INSURANCE. Golumbia Title.. S Keal Estate Title. <136 MISCELLANEOUS. D. C. Paper pfd Merchants’ Transfer & Stor thaler Linotype gk 3t 883 <558 % 01d Duteh Market com. 0ld Dutch Market pfe Lanston Monotype. Security Storage.. Washington ke Yellow Cal

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