Evening Star Newspaper, June 8, 1924, Page 35

i FINANCIAL, THE SUNDAY STAR, WASHINGTON, D. C, JUNE 8, T924—PART 1. FINANCIAT. 35 " PRIGE DROP HELD DUE BOND SUMMARY FOR THE WEEK |UNSETTLED MARKET. | TO DISTURBED TRADE i a meie vesewns o ome tn, vl HITS WHEAT PRICES 100-9 98-22 Liberty 3%s 1932-47 . 100-9 - -16 e 100-16 98-27 Liberty st 45 1932-47; 1ot 10 190-10 374 A " igh. Low. Closs. Chge. . Low. Bate. - Closs. Ohgs. 10023 985 Liberty 2d 4s £ 100 2 410 s Period of Buoyancy in Trading ending June 7, 1084, Net. 1923 . - s 1014 Liborty 1st 4%s 47, 101-4 100-20 10372, 3 0| Severe Slump Early in Week, But A 2 ) Adams Express. W T T — N Lehigh Valley. . g : 5 100-28 Liberty 24 45 1927-42. 100-28 100-12 100-28 500 Rensti ; Early in Week Followed by — A’m;{ni-a Rumley i Liggtttt & Myers. < 101-9 Liberty 3d 4%s ml..! S }?,fl. {g}w action Brings Steady 2. Alr Reduction e i 101« iberty 4th 4%s 1933-38. I~ Decline. : ‘Ajax Rubber. Fiaxelz & Myer H) " 1oaixt et % fo47-02,, 108-1 102014 10 Undertone. 4 Alited Chemical & Dye. e g G, Prev. ‘g‘:e' High. Lew. last. o Allis-Chalmers Mfg. . Loft.Incorporated 6 ieh. Low, FOREIGN. : 101% 101% Am Agriculture Chemical. . . . . 102% 100% Argentine 7s 1927 4 5 90 |CORN MARKET ‘Am Agriculture Chemical pf O Dl " et 901 851 Austria s ¢ 7s, 1943. 103% HOLDS FIRM American Bank Note. > 96% Belgium 71s 1945 bl RALLY YESTERDAY HALTED Securities and Commodity Markets Confront Varying Conditions. By fhe Associated Press. W YORK, June 7.—Securities' prices scored substantial recovery early this week in response to elimi-, mation of legislative uncertaintles, but stocks later lost their gains, as many shares were engulfed by a wave of professional selling based on trade developments. Cross currents in stock trading. however, provided contrasting features, railroad and public utility shares maintaining a strong tone throughout the week, while various steel. oil and sugar fssues dipped to the year's lowest levels. Bond prices were lifted in a Drogressive upward movement, active United States government issues at- taining new 1924 peak prices and in some instances establishing new high records. Erratic fluctuations marked the course of trading in cotton fu- tures. Prices soared $5 a bale early in the week in response to the go ernment’s crop report, showing lower econdition fizures than had been ex- pected, but the advance was Jost on a subsequent wave of liquidation Raw and refined sugar prices dropped | to the lowest level in two years, Money Rates a Factor. Softening of money rates contri- buted to the strength of investment securfties. Call money established the Jowest renewal rates since June, M2, In opening at 2% per cent and the prevailing rate on several suc- ©APSIve days was 23 per cent. Time Joans were contracted at rates as low as 3% per cent for the shorter ac- eommmodations. Conditions in the stock market were sharply divided, the sustained strength of railroad and public util- ity shares contrasting with the h tancy of industrials. Bond prices | maintained a strong tone throughout the week. Stock trading, which Teached the vear's lowest ebb as the week opened. quickly was stimulated by the President's action in signing the tax measure, defeat of the Al Nary-Haugen farm bill and the Sen- ate’s vote to adjourn Congress this week. All classes of stocks shared in the fmmediate improvement which fol- lowed the elimination of legislative uncertainties, but the railroad shares emerged as the chief beneficiaries. With the danger of adverse legisla- tion removed in the waning session of Congress, as evidenced by the wit drawal of pending measures, the way was opened. for a broad buving| movement of rail stocks. embracing | particularly those of the southern and southwestern carriers. The forward movement of these issues was_accentuated later in the week by an improvement in carloadings, which for the week ended May 24 showed the American Beet Sugar. American Bosch Magneto ‘Am Brake S & Foundry American Can ‘American Car & Foundry Am Chain Class A. . ‘Am Druggist Syndicat, American Express. .. Am & Foreign Power 25 Am Hide & Leather pt ‘American Internation: American Linsced pf. American Rolling Mill pf. .. Am Ship & Commerce.. . ... ‘American Smelting & Ref. . Am Smelt & Refining pf American Steel Foundry American Steel Fdy pf - American Sugar Refining Am Sugar Refining pf. - Am Sumatra Tobacco Am Sumatra Tobacco pf. Am Telephone & Cable. Am Telephone & Teleg. American Tobacco. . American Tobacco B W, American Woolen. . ...... American Woolen American Zine L & S Anaconda Copper. . Armour & Co 7% pf . Arnold Constable & Co. Asso Dry Goods. . . Associated Oil (new) Atchison, Topeka & S Fe. Atchison Topeka & S Fe pt Aulantic Coast Line s Atlantic Gulf & West Atlantic Gulf & W I pf. ‘Atiantic Refining. Austin Nichols. Baldwin Locomotive. ... 112311 Baltimore & Ohio 55% Baltimore & Ohio pf. Barnsdall, Class A. Barnsdall, Class B. Beechnut Packing Bethleher Stecl. British Empire § Butte & Superior. Butterick Company California Packin; California Petroleum (new) California Petroleum pf. —— Callahan Zinc & Lead Canadian Pacific. Case Threshing Mach pf. Central Leather Co. . Central Leather Co pf. Central Railroad of N J. Cerro de Pasco Copper-. . Chandler Motor. . . x 9% 177 103 11025 Chicago & Alton. 4 3% Chicago & Alton pt. Chicago & East Illin T4+ 1410410 [ SRR = ) e []] [~ [mmen] [ o] [5en] [+ R e e I I N I A T e b4 Louisville & Nashville. Ludlym Steel. ... . Mclntyre Porcupine Mines. . Mack Trucks. .. Teshe Mack Truck 2d pf Magma Copper. Mallinson & Co Manhattan Elevated. Manhattan Elevated gtd Manhattan Shirt Maracaibo Oil. . Market Street Railway Marland Oil & Refining. Martin-Parry....... Mathiezon Alkali, Maxwell Motor, Clas Maxwell Motor, Class B May Department Stores. Mexican Seaboard. . . Mexican Seaboard ctfs. Miami Copper. Middle States Oil. Minneapolis. St P & SS M. Minneapolis StP & SSM pf. Mo Kan & Texas new. 5 Mo Kan & Texas pf new Missoun Pacific. . Missouri Pacifis pf. Montana Power. . Montgomery Ward. .. Fuon| [wass Bt FEFE FR F2 ¥ F ¥ F FEEEVF T 374ie Mother Lode Coalition. 4 181 Nash Motors. tional Biscuit . . tional Cloak & Suit Nat Dairy Products. at Enamel & Stamping . 8 NationalLead........ 3 National Supply. .. .. 123%New Orleans, Tex & Mex. New York Ail Brake. . N'Y Air Brake Class A. New York Central......... New York, Chi & St Louls. New York, Chi & St L pt New York Dock. Norfolk Southern. Northfolk & Weste: North American. . North American pf. Northern Pacific. Onyx Hosiery . Otis Elevator (ne Otis Steel. . Owens Bottle. Pacific Coast. ... Pacific Gas & Electric Pacific Mail. 5 Pacific Oil. . Packard Motor Pan-American Pet Trans Pan-Am P Trans Class B Park & Tilford Parish & Bingha. Penna Coal & Coke. Pennsyivania Railroas Pere Marquett Pere Marquett Philadelphia Compa: Philadelphia Co pf. Phila & Reading C Philip Morris & Co. Phillips Petroleum. PhoenixHosiery Plerce-Arrow. 25%salee @ SEE FIF Fes 96% Belgium 6s 1925. 97 Belgium 8s 1941. 71% Bordeaux 6s 1934. 92% Brazil 8s 1941. 99% Canada 5 1926 100% Canada 5%s 19 99% Canada 58 1952 102 Chile 8s 1946 102% Chile 8s 1926 102 Chile §s 1941 391 Chinese Govt Ry bs % 874 Copenhagen Gis 1944. .. 9374 Czechoslovakia 8s 1351 107 Denmark 9314 Denmark 6s 1942. 92% Dutch East Indies 65 1947 92% Dutch East Indies 6s 1962. .. 84 Framerican Ind Dev 7l%s 1942 92 French Govt 8s 1945. 89% French Govt 71%s 1941 761% Japanese 4s 1931 90 Japanese 63s. 1954. 73% Jergens Utd Margarine 6s 1947. 7214 Lyons 6s 1934. . 7214 Marseilles 63 1934 etherlands 6s 1972. " 89% 109% Norway 8s 1940. 66 Paris-Lyons-Med 6s 1958 104% Queensiand 7s 1941 99% Queensland 6s 1947 87% Rio de Janeiro 8s 1 98 Sao Paulo, State of. 79 Seine, Dept of. Ts. i 101% Sweden 63 1939 s Confed s f $s 1 nited Kingdom 5'zs 192 Kingdom 5las 19 AND MISCELL Amer Agri Chemical T3 1941. & 92 Amer Smelt & Ref 1st 5s 19, 96% Amer Sugar Refining 6s 1837 971 Amer Tel & Tel cl tr 55 1946.. 92% Amer Tel & Tel cl tr 43°1929.. 94% Anaconda Copper cv deb 7s, '38 973 Bell Tel (Pa) ref 5s 1948.. 87% Bethlehem Steel p m bs 1936.., 96 Bethlehem Steel s f 65 1943 % 107% Brooklyn Edison 7s D 1940 9214 Central Leather 5s 1925 125% Cerro de Pasco 8s 1931. 99 Chile Copper 6s 1832. . 86 Cons Coal (3d) 1st ref Gs 1950. 874 Cuba Cane Sug cv deb 8s 1330. 104 Detroit Edison ref 6s 1940. 106% Du Pont de Nem T%s 1931. 89 Empire Fuel & Gas 714s 1927 eneral Electric deb 58 1952, 114% 96% Humble Oil & Ref 5%s 99% Indiana Steel 5s 1952 794 Inter Mer Marine s 821 Inter Paper 53 B 1947 86% Kelly-Springfield 8s 1931 88 . Lackawanna Steel 55 1950 95% Liggett & Myers 5s 1951 97% Manati Sugar s f T3%s 1942, 85% Midvale Steel 5s 1936. 97% New England Tel 58 1952 109% New York Edison 1st 6%s 1941 } 98% N Y Gas E L H & P 5s 1948, 104 New York Tel 6s 1941..... 93% New York Tel 4%s 1939 91% North American Edison 6s 1952 90% Pacific Gas & Elec 5s 1942. 90% Pacific Tel & Tel bs 1952. . 99% Philadelphia Co ref 6s 1944 77 Public Service Gs 1959 108% % 100% 133% General Conditions in Grain Re- i i 133 %n viewed by U. S. Agents. 101 An onseitien 10 58! condition i 106% | market is reported for lhenwf::k'e’:l': }gfi% ing June 7 by the United States De- et partment of Agriculture in its week- 90% ly grain market review. Following 96% | the closing out of the May contracts and the final disposition of pending 93‘; ;:f;;]:“:" the wheat market suf- 2% ather severe slump early in 88% | the week, but later the market read- 90% | justed itself and a firm undertone 95% | again was apparent in the market, al- though at the close of the market on 8% Friday future prices showed some 82 decline compared with those at the 82" | corresponding time last week - 92 | elgn crop news showed Bei 1o 111% | change, although reports were cur. 75% | rent that the weather had become un- 107 | favorable in parts of Russia, Ger- 100 | many, Italy and Franee. 93%| _The fourth forecast of India's 102t | Wheat ¢ which has just been 103% 102% 112% 111% 109% 108 1% 101% 101 84% 93% 97 99 95 9% 9% 84% 8 99 89% 96% 96 109% 108% 98 , 97% 135 138% 101% 100's 88% 88 98 964% 105% 105% % 99% 99 112 111% 101% 100% 105% 105% 24 92% 101% 100% 93 924 873 | Made public, estimates the' crop this year at 000 b which ix i | about =, ess than the P 3 Private esti- :3§| | mates of the acreage of spring wheat “[In Canada show u decrease of about Der cent for the principal wheat 854 | territory ¥ e Rainn Prove Beneficial. Rains during the week in the hard 9% | winter wheat belt of the Tnited States were very beneficial to_ the d and no serious damage has been gg’« reported to date. The weather dur- ing the dext few weeks, however, will H continue to be a very important' fac- or in bot! the win S| Vit woit ter and spring 96 he demand for cash wheat contin- 108% | ued active in the spring whe-twrln:';r 98 | kets and premiums were firm. There 134% | was only a fair milling demand for 101% | the hard winter wheat and the 8814 | Proaching harvest in the south weak- 97 | €ned the demand materially for sofi 106% red winter wheat. Prices of winter 1084 wheat ranged from 1 cent to 2 cents 5" | lower for the week. 8 The corn market mainta the 101% | firm position which it had attained during the previous week. The cool 102 | weather over 3 good part of the corn 116% | belt continued untavarable far ihe 98% | growth of the crop and the prospects 101% | in some sections were reported to be 84 | the poorest for some years. Con- 85% | siderable replanting has been nec 874 | sary and the crop generally is t 913 | to three weeks late. 96% Receipts at the principal markets were not of large volume, but there also was a limited demand. In fact, 2 good part of the strength was caused more by the light movement than by any activity in the demand. Commercial stocks are more than twice the amount of the correspond- ing time last yvear with prospects of smaller consumption during the re- mainder of the crop year than pre- vailed last year. The progress of the . 4 5 Chi & Eastern Illinois p! 4165 Pittsburgh Utllites ctfs. . Sreat Wi 88 Sinclair Oil 7s 1937. 89% 88 % [ new crop will be an important factor N makee 2 8¢ Pl +165 Pittshurgh Utilities pf.... 97 Sinclair Crude Oil 5% 1925 99% 994 in_the market for some time. 1 top price: Chi, Milwaukee & St P pf — Ritsburgh & W Virginia.. .. 100% South Porto Rico Sugar 7s 1841 103% 100% 10; The oats market alo continued Fire Chicago & Northwestern. 3 b S R ENNeN 93~ Union Bag & Paper & D. T firm. While the offerings of new crop 5 : : . 3 8s 1941. % 4 s est were restrict- Trade reports, meanwhile, less satis- SHlcaRD & Norbwasar. - 4 4 Pressed Steel Car. ord A e g O et bo 1347, 80K 20% 94 ing the demand for old oats to some factory, Mid-Continent crude oil prices, | 303 Chicago, R 1& Pacific... y T et O 99 U S Rubber 7%s 1930. . 008 Feadiiy absorh i of the T i were reduced for the second time within N Chi, R 1 & Pacific 6% : Bi il ¢ - 4 U S Steel s £ 53 196; . 1043 1083 Celpts at Nem nelces, Notegthicand: a month, and scattered cuts in gasoline 2 Chicago R1 & Pacific 7 . 8 7 Public Servics T pE. Ctah Power téhu':b! 15_“19“,‘- . g""* ing the large crop harvested last year Driocswere reigwid { et Ll eile Chicakio Yellow Cab. .. 91§ Dublic Service 4% bE. Va-Carolina Chem %8 37 304 29 3oi| the stocks in comercial channels have ol production and gasoline stocks also : i ey iy R Western Unlon Tel 6%a 193 P ent. time are only aboar 6008800 Weckly trade reviews, revealing op- | 115 CoesGotas 8 Railway Steel Springs. ‘RATLROAD. s s DETSES erations at 50 per cent of capacity and Coca-Coia pf. ... Atchison gen 43 19 87% 88k 8T% T R S R an_almost unprecedented drop in pig Colorado Fuei & Iron. . Atlantic Coast Line 1st 4 1952, 891 881 Bl it sasly in the weth Lor e ancey iron .productions in May. offered littie S Coloredn Southire. 2 Reading 15t pf. Balto & Ohlo pr In 3%s 1925.. 98% 98% wheac edely i te woek butadvanced pramisp. of an early, turn.in the situa- . i Columbia Gas (new) . 2 :?mdx.n"éf:#;b'e = Balto i%x;xlo g‘olfl"dzs’ll“n. ) lg.;): Is:: was relatively firmer, Some export : 8 ; : Columbia Carbon. . D 1 5 45% 9% 326 — .- Balto & Ohlo 68 bbbt A e o (Oif shares weakened fint under the e ey —— Republican Iron & Steel Balto & Ohio cv 4%s 1933, 8% 87% 88%| g fair milling demand. No. 1 and No. foany i dipped to the vear's lowest 6 Congoleum Compan: 2 Beyhods Spcie. Balto & Ohio ret 58 1995. 83% | 2 rye sold at the close of the week AN iR digmen b e o 5 Consolidated Cigar. . 3 Reynolds Tobacco, B&O Pitts LE & W Va 4s 1541 83% | at Minneapolis at around 63c—8éc depressing the oil shares encouraged Consolidated Cigar pf. 846 Royal Dutch ctfs (N Y) B & O Southwn div 3%s 1935. .. 98% | per bushel. Rye stocks have been de- them to extend their operations to other Consolidated Gas new 2 StJoseph L. % Brooklyn-Manhat s f 65 A, 1368 764 | creasing materially each week but Sections of the list. and before the end H —— Consolidated Textile. —— St Louis-San Francisco Canadian Northern 6%s 1946... 1125 | are still relatively large for this time of the week a score of representative 7 3 Continental Can. —— St Louis-San Fran pf. Canadian Pacific deb 4s... % 7! 80% | of the year. industrials_was In new low ground for 6 Continental Motors. . ... —— St Louis Southwestern_ Carolina Clinch & Ohio 58 193%.. ; 95% | The barley market was quite firm the vear. Both United States Stecl and ) 4 Corn Products Refining 5 St Louis Southwestern pf Central Pacific 4s 1949.... 86% |and prices made further advances of Rethlehem established new 1921 bottom Cosden Comipan % — Savage Arms. Chesapeake & ORio ov 58 1946, . 3 84X g5 |2edc per bushel No. 3 barley ai e | Z 4 Crucible Steel 18 Schulte Stores Chesapeake & Ohio cv 4133 1930 98% .,:"e“a;:”,“',',,‘:“ Drice Tangea frog Sugar at Lew Level. 4 9 6 Crucible Steel pf. —— Seaboard Air Line Chesapeake & Ohio gn 4%s 1992 3 The decline in raw and refined sugar | 47 5 28% 3 Cuban-American Chicago & Alton 3%s 1950. ble—i{e per huatisl. S i 5 The flax market advanced slightly to the lowest levels in two vears con- 5 Sl Chi B & Quincy 1st ref bs 1971, 99% | guring the week at Minneapolis. Re- tributed to the weakness of — k b Chi & Eastern Ill gen 58 1951. o% 7314 | & = e shares. Rubber company stocks Cuyamel Fruit. 4 1 Shell Union Oil. 5 # Chi Great Western 4s 1969.... s BIK | S N oaual to the demend whith flected the curtailment of pro (aoisl Bopae - oiime e raiom 3% Chi M & St Paul ref 4%a 2014. 52 |Scas not & large volume. July flax some lines, and textile shares reacted —— Davison Chemica mmons Company . Chi M & St Paul cv 58 2014.... 55% | closed on Friday at Minneapolis on the fall in raw s and un- Delaware & Hudsor i Chi M & St Paul cv 4%s 1932.. 67 |s201%. Delaware, Lacka & cee 121% 120 inclair Con Oil pf. " 2 Chi M & St Paul gen ¢%s 138 79% —_— Detroit Edison. 1047 103 —— Skelly Oil. 4 Chi & Northwestern 6%s 193 108 16% 16 120%3114% 6 Sloss-Sheffiels Irol Chicago Railways 58 1927. 5% | £ Be s Sl #« HOPEFUL VIEWS HELD 87 86'% Y o 4 4 L. = ific. % Chi Union Station 6%3s sae 116% t 7 “ 5 Southern Railway Chi & Western Ind con 4s 1952. e e S Southern Ratiway pr. e e L%/ OF DEMAND FOR STEEL 56 ~—— Spicer Manufacturing Cleveland Term 5%s 1972.. . 105 3 Standard Gas & Hlectric. Colorado & Southern 4%s 1935 88 i 2 Standard Ofl of California. Cuba R R bs 1952.. 5 83 | Dealers Confident Demand Will Be 1 Standard Oil of NJ.. Delaware & Hudson 5%s 1937. . 01 7 Standard Oil of N J pf. Den & Rio Grande con 48 1936. 8! 3% Revived—Other Metal Mar- 75¢ Standard Plate Glass. Den & Rio Grande 18t ref 58 1955 38 4 Sterling Products. . Detroit United 4%s 1932..... s 89% 90 kets Reviewed. [ e o o o o S R 4+ FHIAE A 5 ¥¥s FRRSELEFSTEE :f&ffl#### I (N these | TS forged steadily ip of American Water Works and associated companies which have figured in superpower move- ments. E UL FAEAE 44 NEW FEATURE MARKS WEEK’S CURB TRADING Suddenly Developed Urgent De- Federal Light & Traction mand for Utility Issues—Other 3 Bl Ayt : S i ; i S0y : % 6% — Superior Ol... tocks Make Advances. — Fisk Rubber Texas Compan; Fleishmann Company Foundation Company Freeport-Texas. ... General American Tank. General Asphalt General Baking. General Cigar General Electric. o General Electric special General Motors. ...... General Motors 6% deb. General Motors 7% deb. General Petroleum. .. General Refractories. . Gimbell Brothers Gold Dust . Golawyn P Goodrich (B F) C Goodrich (BF) Copf.. Goodyear Tire & Rubbe; Goodyear Tire & Rub pr pf. . Gray & Davis. ... Great Northern pf..... . Great Northern Ore ctfs. Great Western Sugar. . Greene Cananea Copper. Guantanamo Sugar.. Gulf, Mobile & Northern. Gulf, Mobile & Northern pf 57 Gulf States Steel. . .. 67 Hartman Corporation Hayes Wheel.. . Homestake Mining. Houston Oil.... Hudson Motor Car. o wes || n Erie Railroad. . Erie Railroad 2d pf Fairbanks, Morse & Co Famous Players-Lasky, 10 Stewart Wamer Speed..... 63% i Erie 1st con 4s 1396 67% 8 Stromberg Carburetor. Erie gen lien 4s 1996. & 56% £ Studsbenee 2 Erie cv 4s A 1963.... 5614 | By the Assaciated Press. Erie cv 4s D 1953. e % 65% 64% 65 | NEW YORK, June 7.—Leading au- e e 104% 104% 104% | thorities in the steel trade continue to Grand Trunk 7s 1840..,. 112% 112 11 b ol e ol Great Northern gen 7s 193 108% 1081 108s; | 6XPress very hopeful we relat Great Northern gen 63 1352. 99, 1003 |the future of the market. The actual Hudson & Manhattan ref 34 1357 83% 84! 84 |demand, however, has not fmproved Hudson & Manhattan adj 58 1957 624 65% 63 65 : Tllinois Central 6%s 1934...... 102 0z :‘“:fllfl!h;lfl«b::nwfe‘:r;:sn:u. p: Inter Rapid Transit 58 196§ 9% 61% o1y | duction urtailed. Inter Rapid Transit cv 78 1932, while only in a few directions has the 1:&5: & grsa! Nor adj 6s 1952. ., 49y | market displayed any evidences of real kt R ] +1 By the Ansociated Press. NEW YORK, June 7.—A new fea- ture was presented on the curb ex- change last week in a suddenly de- veloped urgent demand for the en- tire_group of utility Issues. Many stotks were in such brisk demand as to make violent advances and establish new high records. outstand- ing being the movement in Appala- | chign Power, which rose from 67 to 83, Commonwealth Power moved up from 86 to 97 afid Lehigh Power rose from 60% to 70. Proportionate advances were made in many other issues in this group, the movement generally being ac- comipanied by various reports of in- croaged earnings and possible changes in the relations of many companies and to expected rearrange- ment of capitalization. Hudson Tube isswes were active and strong. Hud- son ~and Manhattan moved up 3 points to above 21 and Hudson Company preferred rose 3 points to 363%. Both stocks made new high records. United Bakeries, Gillette Safety Razor and Dublilier also made brisk advances. National Tea was in demand in the first half of the week, when it moved up 9 points to 417, ‘Sharp reactions followed many of {hese advances. Todd Shipbuilding Wwas exceptionally heavy, falling more than 3 points. . 3 Disturbed conditions in the petro- leurn trade, indicated by the reduc- tion on gasoline prices and by the Jowering of crude ofl prices by Mag- nolia Company, caused a heavy tone in all the oil issues. Prairle Oil and Gas fell 15 points on one of the sharp downward movements, but recovered n%a( this loss. Standard Oil of b | @ \ ow|x Bs srwses stability. Buyers are indifferent. and Kansas ity & Youthern s 1950, 87 | there is little disposition to place order Kansas City Southern b8 1950. . St |in advance of immediate “necessities Lake Shore 4s 1928. The demand for pig iron "xfl Lak. 96% | fallen off, and while the mar! United Alloy Steel 2 SHorelas 190 9414 943 | steady for small lots, some inducements 92 o ds 23 4K 9% 944 ] y Lehigh Valley 63 108% 102% ing offered for large t United Drsg. o ore T % gma 924 Louis & Nash unified . SIis 9114 911 | Copper has been quict Mt generall United Fruit 4 MStP &S S M 6Y%s 1931 102% 102% 102% | steady during the past week. Following United Railway Invest...... 11% 10 S Mo Kan & Tex 1st 4s 1990. 80 79% 79%{recent sales estimated at 15,000,000 or United Railway Invest pf. Mo Kan & Tex pr In bs A 1962. B85 85% 84% 8% 20,000,000 pounds demand has falien off. USCastI 13 :‘x-'zln & Mo Kan & Tex adj 6s 1967. B7% 55 b7% | but offerings have been light and prices U S Distributing Corp'n, . Missouri Pacific 6s 1949 < 98 |have been fairly well sustained at shght stributing Corp'n Missouri Pacific gen 4s 1975. 58% | rallies, although there were rumars of D8 Indoutrisl Aloohol. N O Tex & Mex inc 58 1935. ... o1 89% 99 |rather freer offers from second hands New York Central deb s 1935. 108 | toward the end of the week. New York Cent deb 4s 1934.... 924 995 | _Tin is higher, but buyers are imter- New York Cent ref imp 68 2013 97% 92 | S5ted only at prices below import cost. NY N H & H cv deb 63 194 Ghy | Coomomens_ requiteeats " appares N 4% | P2 D e refecting & healthy sta- Norfolk & Western con 45 1996. 2 2 % e tistical poattion. coneamming. de- Norfolk & Western cv §s 1929. ., Ing Northern Pacific 38 1947. 120% | mand is moderate, but July bookings 58% 68 58! g00d, and there appare = 80% Northern Pacific 4s 1997...... 83 63 op|aneSo0d, and thercls no nt pres. Northern Pacific ret imp 65 2047 103% 103% 108% | Antimony unchanged, with little de- Ore Short Line gtd 58 1946...... 103% 102% 103 | mand. Ore Short Line"ref 43 1929. 95% 954 951 | Zinc continues quiet, but prices show Ore-Wash 1st ref 4s 1961. % 82% 81% 821 |slight advance in sympathy with higher Pennsylvania gen 55 1968...... 101% 101% 101% | Quotations. Pennsylvania gen azfig;‘u o % % 92% Iy Pennsylvania 6348 e — e Pere Marquette lst Gs 1950... 95% ~96u 96| BANK CLEARINGS GAIN. Reading gen 48 1997......... 93 92% o Grande Western clt 4s 1949 65% 68% 68 79 oy Sona 88 b, t%i+1+1| - EFE FREEEE Paop LU 3 6% o 3% 6 7 3 6. 10 4 2 6 1) 8 United States R & Imp. A A - F FERETS EX S Frrirr+ +1+1 g e Tllinois Central. Illinois Central pi Indian Motoreycle Indian Refining. se"esasfesas & L 4%s 1934.. ‘Bradstreet’s Reports Increase Past &SR &G4s1933... 82 82 prln 43 A 1950 ‘Week Over Prior Week. 694 Y o pr In 65 1950. 85% | NEW YORK, June 7.—Bank clear- 0 63% 64% |ings at leading cities of the United 93 92 |States for the week ended Junme §, a 75 |holiday weeck, as reported to Brad- 52y, | Street’s Journal, aggregated $7,716,140,- 5614 000, a gain of 2.5 per cent over last 77% | Week. @ full week, but a loss of only Tim14.8 per cent from ‘this week last year, % | which was also a full week. i ::* u?%‘x‘:l; m;’o' deork the total wag Southern Ry 1st 5s 1994. 1 e & Secremse ot sivens Southern Ry dev 6%s 1956 108% 105% 106 | vear. New York showed a gain of Third Ave adj 5s 1960.. W 42% 42% | per cent over last vear. Forty citie 8% Union Pacific 1st 4s 1947 91" | Peported decrsases from last year, white Union Pacific cv 4s 1927 7% | cight exnibitqd gaine. | oo % 85% eaene 90% virginian Ry 1st Gs 196 95% | Bank debifs at forty-three leading 0% 5 . 64 64 63 96% Wabash 1st Gs 1939. % 99% | cities for the week ending June ¢, as 6 &8 ~ 99% ‘Western Maryland 4s 1353, reported to Bradstreet's, total $7,657,- Dividend rates as given in the above table are the annual cash payments % Westorn Pasific b8 1’“-----:: 2% 62 | (ED00, a loas of 13 por!'ecnt frn‘m Tast pper. Interboro Rapid Transit. . Internat’l Bus Machines. . International Cement. . . Internat’l Comb Engine. .. International Har, new. . 85 6T% 52% 65 ‘estin| loc 5. Inter Mercantile Marine. 6 T ‘Wheeling & Lake Exie. ... Int Mercantile Marine pf. 14% —— Wheeiing & Lake Erie pf... International Nickel. .. . 28% 2 White EagleOil.conaacea.. International Nickel pf..... 50% 4 White MOLOTS. . ccuemannsen International Paper. . Inter Paper pf stamped Inter Telephone & Teleg.. 74% Invincible Oil. ... Jordan Motors 4+ 1+++111 - na_yielded about 1. point. Im- perial Oil declined 2 points and South Penn dropped 4 points. Cities Service ‘wag the weakest feature in the mls- cellaneous oil group, falling G points. Salt Creek Producers and Mutual Oil ‘were faily well held. GOTTONSEED OIL AT CLOSE. NEW YORK. June 7.—Cottonseed oil.was quiet baf steady today, clos- ! {ng bids being 2 to 7T points net high- er.. Apprehension over the crop out- Jook restricted offeripgs and prompt- ed a little .short covering. Sales, 3400 barrels. Prime crude, 8:25, nomimal; prime summer vellow spot, 9. i July. cloped 9.90: Septem- Der, 10 476, December, e 3 b 6% — llys-Overiand. . ..... 61% —— Willys-Overland pf. .. ... & F FRE BSER ¥ [[]]aa|a]| |onee] [g] ]| asmn|Sunan| || sun|o]<]{]]~ XKelly Springfield Tires. Keily-Springfleld Tire pf.. LI I+++ 01+ +++11 based on the latest quarterly or half yearly declarations. Unless otherwise Toe Weet & st 4s 2300 pesivgtbe el e it