Evening Star Newspaper, June 9, 1924, Page 22

FINANCIAL, PRICES DO BETTER IN STOCK MARKET | Stronger Resistance to Selling Pres- ' sure Noted in Late Trad- ing Today. AND OILS GAIN Steel Common Drops to Previous Low—Overland Weak. BY STUART P. WEST. €pecial Dispatch to The Star. NEW YORK. June 9.—The stock market today displayed better resist- | ance to selling pressure than it had week. At the beginning steel s were offered down and som jturs were quite weak. t of the list was not much af- It was evident that very little liquidatio and | who b the | mort in tected. real traders ide w was going on been favoring to d inclined take | Am Sumat Tob. . NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. Hign. Lew, Close. MoonMot(3).... 19 19 19 19 Mother Lo 37He.. % % % Nash Mot (1814). 101% 101% 101% Nat Dairy (3). 334 331 384 Nat Dept Stores.. 37 37 81 NDSietpf (7). 92% 924 924 Nat En & St 22% 22% 22% Nat Lead (3 131 131 131 NevConsCop..., 13 13 13 NewO,T&M 123% 97 97TW 9% NYAIirBr(4)... 394 394 39 NYABrA(4).. 4% 49% 49% N Y Central (7).. 101% 102% 102% NYC&SBU (6). 8lk 8iw 8l% Ny C&StLpf (6). 831 83% 834 N Y Dock. . 32 34 NYDockpt (5). 49 49 NY NH & Hart 19% 19% Niagara Falls .. 27 27 Norfolk South . 174 1% Norf& W (18)... 120% 121% North Aneer (2).. 26 26% North Pac (5). . 314 53% Nunnally Co (1).. % ™ Okla Pr& Ref. 1% 1% Otis Steed . T ™ Otis Steel pf..... 52% 50 Owens Bot (3)... 42 @ 3 41 10% Low. Close. 6 28 kn 1% 0% 116% “a T 23% 2% 3% Tdh 102% 3% 0% 64 20 72% 1084 y9% Open. Eigh. 6 6 28% 28% 5 15 Adv. Rumley. Adv Rum pf (3). Air Reduct (4), Alaska Juneau... 1% 1% Allled Chem (4).. 704 71% AIC&Dpf (7).. 116% 115% Allis-Chalm (4).. 44% 444 Am Agri Chem. % 1w AmAgriChempt 23% 23% Am Bosch . 224 22% Am Beet Sug (4) 37% 3% AmBeefSpf(6) Tdw T4% A Can (16).... 1084 1044 Am Drug Synd.. = 3% 3% Am Express (6). 904 904 AmHide & Lpf.. b4k 6% Am Internatl 204 204 AmLocomo (6). T2k 724 Am Metal pf (7). 108% 103% Am Radiator (4) 99% 100% AmSm& Re (5). 61% o2% AmS&RP! (1), 98 98% Am Snuff (12)... 140 140% AmSU Fdys (3). 34 24% Am Sugar. . 40 Am Sugar pf S0% AMT & Tel (9) AmTel & Tel rts. Am Tob B (12) Am Water Wks. Am W W pf (6). Publi strongl the last Internatio =Taph w Public stron; utili they week o stood out doing for | Above 6| al Telephone and Tele- | elli at a record high of New Jersey wa: Pacific Gas and Electrie | zained a point. Philadelphia Com- pany maintained it and_th short interest in Ame Telephone and Telegraph hav its wroubles. { Ralls and Oilx Gain. Medium and low priced rails n demand aw: Southern | common around its high prices, St Louis and San Prancisco and St. Louls Southwestern ings of the last named are running over 1115 per cent for the common shares. Atlantic Qoast Line ran up rather sharply for a time. ; Directors of ago and_North- Wwestern, who are to meet Tuesday, 3 to declare the regular vidend at rate of 5 per cent| But the market for the stock was not | anthustast Around the return was rl: idustrating | m Wail street re- | K for anvthing in wheat were i ater were | ilway 1t gards the the northwes Oil shares start, but whald refir feeling. TI at the | and on the | omewhat improved | that other companies | had not fellowed the action of Mag- | nolia Petroleum. and cut crude il prices had considerable influer | Steel Commion Lower. i tecl common t down to its} previous low of 911, and independent &icel stacks for a while were quite weak, Crueible lost a point. Vana- dium Corporation around 19 was| nearly a point under its former low | (i thera was active selling in Bethe lem Steel The motive was found | the monthly tonnage figures of | United States Steel, which would show | decrease 00000t 500,000 tons. | tatement will be out Tuesday. | upturn e Al Lo T pre- | cd was due apparently to @ run-in | <hort sellers { Weakness cropped out again in the | siorks of Wigys Uverland to the ae- | it of cport that the | fF practically rce at Toledo, which Operators ‘on_the Kk exchange were cred- bulk of the day's sell- World Sugar Outst. informat of the wo d with Interest d an estimate that the increase cage in Russia amounted | 20 per cent and that weather | roughout Lurope continued favor- ble to the crops. Raw Sugar futures | oday were moderately higher and the | tock of the Cuban producers also | 1id better. although it appeared that | hieir movement was the result mainly | of_short covering. bsence of real selling made | impression tha short | nd there airly | ontracts in | h buving | i the desire to | velopments. he share list | in_ the last| at the same time, was | Ve period of the day. MAREKET POOLS ACTIVE. | Central New Jersey Jumps Points to New High. 17} Pr the Associated Pross. H NEW YORK, J 9. —Relaxing | crodit and resumption of pos low-priced shares br vement in Mnrki y carly decline unsettled the Selling of the on expectations of «d tonnages for May. Sales approximated 500.000 shares. The closing was strong. Various! »eks moved up briskly in the final Tour became cvident that the s rest had_been over xtended New_ Jersey Sumped Tew 1 Sugar pfd t today about impr Wfter teet ues had temporarily ateels was based a drop in unfil YORK.—Stocks firm; Jersey jumps 17 points to new 1924 Bonds buovant; all liberty is- at new highs Foreign ex- nges steady; holiday abroad. Cot- y; better erop reports. Sugar higher: better demand for refined. firm; trade buying. CHICAGO. —Wheat lower; rort demand. and rain, pin nr NEW Central bigh. su @ ton poor ex- Corn firm; cold weather Cattle strong; broad ship- demand. Hogs, good grades others very slow I U. S. TREASURY CERTIFICATES Quotatioas furnished by Redmond & Ca.) Bid orer. . 100 100 1 22 100 21.3: 100111 10 101 7-32 L 101732 101 318 March Septem March GE. (Quotations {urnished by W. B. Hibbs & Co.) a1 Selling checks todey At Madrid, A drachma pesetn .. ‘rown mark agen, croY crown | Siocklolm, crowa Ty the Associated Prese, NEW YORK, June 9. —Foeign ex- changes steady. Quotatiows (in U. S, dollars): Great Britain, demand, .4307; cables, .431%: 60-dmy bills on banks. 4.28%." France, demand, .0509; cables, .0510. 1% demand. ny (per . Nor- Denmark, Spain. 2. .on0n0o012; | 2 Jugoslavia, | Anst 006014% . Rumania, | Argeniing. 3266, Brazil, Toklo, .41, Montreal, 8% trillon), .2 .87 013 3. % OE20% . 0043%. 11095, ~> |CRR, | Cent R M1 pf ( Am Woolen (7) Anaconda. . 50 01l (113) . ALT&S Fe (6) AT&SFpt (5). Atl Coast L (78). At Guit & W 1. At Gulf & W1 p Atlan Ref (4)... Austin-Nichols. Bald Loco (7) al & Ohio (8). BkofCom (116) Ben Steel tu) Br Em Stl 24 pt Brk Edison (3) Brk-Man Tran.. Br Man T pf (6). BrklynUnG (4) Brown Sh pt (7). Butie&Superior Cal Pet (1%) Calumet & H 30c. Callaban Z Lead. Can Pacific (10). Case Thrs'g pf Cent Leather Co.. Cent Lea Co pf. I (112). 80 51% 49% 254 14% 24 43% 2% 4% 12 Packard pf () n Amer (4). an Amer B (4)% | Park & Tilford. Par & Bing (2) PennC&C (4).. Penn Railrd (3). Penn Scab Steel. . Peop Gas Ch (7). Peoria & East. . Pere Marq (4). Phi Phia& R&1 Phil Mor (500} Phillips Pet (2).. Pierce-Arrow P-Ar prpf (8 Pierce OIl Pierce Oil p! Pitts Ut pf 1.65 Pitts & West V: P& W Vapf (6). Postum pf (8)... PreasStC (4)... 45 | Prod & Refiners.. 244 Pub S El Po(T)pf. 923 PubSer NJ (4).. 47% FPublic Serv rts. . 84 Iptf(S).. 104 Jpl (7). 100 nan Co (8).. 121 | Punta Al Su (3).. 49 465 | Pure Ol (1%). 20% 108 | Ray Cons Cop. i i 29 | i | 94% 1 51 4T% i 47h 16 34 59% 1iy 29 1248 12% 444 96% 1108 Cen Rib M (30¢ Cerde I'as C (4. Chand Mot (6).. Ches & Obio (4) Ch&Opl(6%).. Chicagu & Alton. Chic & Alton pI. Chic & kast 1. Chic Gt West pt Ch Mil & St Paul. Cb Mil & St. P pi. Cbi & Nwn (4). Ch & Nwn pi ( Chic R | & Pac CRI&FPr(i). 10 Read 2d pt ¢ plogle Stee Tiwm| Fep Ir & Steel. .. 21 | Revnolds Spe (2) 2 | Res Tob B (3) | Roy D'tch (5.46). | St Josepls L (2) | StL S Fran. n Frpf. 8 uthwesi t LS'thpl (5).. Avage Arms. . abourd Air b'd Air L pt ©in | Sears Roe & Co 445 | Scneca Copper. 41| Shattuck-ariz. | Shell Un ul (1) Simmans Co (1) imms Pet. e Con Oli (2).. Sin Con O pe (5). Skeliy O - s Clile Cup (a'a). LN Chino Copper- Love CCC&StLa).. 11z Clu, Peabpf 7). 101% Coca-Luw (i) o7 Colo Fuel & i 594 Colo Southern b ColG & L (3.60).. 64 Com InTrpf (7). 94 Com Solv A (4) . &3 Congoleum (3) - «@w Cousol Cigat . Cuniso! Cousul ‘Lextile. Cont Can (4) Cont Motors (20¢) Corn Products. sl by 30 P e South ¥ac (6). . Suuthern Ry (3). outh 12y pf (8).. Spauldin Spicer MIg. . Std Gas & E1(3). StOil Cal (2).... StOUNJT (1).... StOILNJpf (7).. $td Plate GI(15¢) Stew’t War (10). Stromberg C (8). ' udebaker (4) .. Submarine Boat. . Superior Oil. Tenn C &Ch. Texas Co (3). Tex Gulf (16%). Texas & Pacific. . Third Avenuc. ... Timken (13%) “Tob Prod (6). Transcont Qil Underwood (3).. Crugible Stl (4) Cub Am Sug (.- Cuban Cane St Cub Cane Su p: Cuyamel Fr (4)-. Dant Boone M (3) Davidson Chem. . Del & Hud (4). DelL& W (&) . Det Ed Co (8) Dome Mines (2 Doug-Pectin (1) . DuPtde N (8)... Eastman (16 Eaton Ax ( Ei Stor Bat (4) Eik Horn Coal Eud-Joba (3) Lirie 1st pf. Iirie 2d pf. Fairbanks-Morse. Famous 1 (8)... Fifth Av B (64¢) . ¥lsh BOpf (3) IFisk Rubber. . . Fisk Rub pt & Fleishwan (). rreeporc-Texas Gen ATC pf (T 95's Gen Cigar (8) B4 General Elec (3).. 217 Gen Kl spe (8uc) - Gen Mot (1.20) . Gen Mot db (6) Gen Petm (2). Gen Refr (4). anta il 454 114% 11 104% 16 Ym 11 34 564 B4k UTH 4% 6l 6l 21 % 10% 995 6'e 4 BUs 2y Un Pac pt (4). Un Tank Car (5). Un T Carpf (7).. Utd Alloy Sti (3). | Utd Fruit 10). .. Utd Ry Invest. U S Cast lron ¥.. USCiept (D). .. U 3 Distributing. U S Ind Alcohui. . USR&Im (3) {USR&IPELT).. U S Rubber...... USR latuf (8).. U 8 Steel (16) U S Steel pf (7) Utab Copper (4).. Utah Securities. . Vanadium Corp. . Va-Caro Chem. Va-Caro Ch pf... Va Ry & Power Vivadou. . Wabash...,.. Wabash pf ‘Wabazh pf B West Pen (4).... West Maryland. . West Mary 2d pf. Western Pacific.. 18% West Pacpl (€). 65% West Un Tel (7). 107% West Alr Br (6).. 89% WestE&M (6),. 6T Wheel& L Erie.. 8% Wh EagOil (3).. 28% Wickwire SpStl.. 1% Wilson & Co. A% Wil & Copt. 16 Willys-Overland. 7% Willys-Over pf... 66% Woolworth a (3).. 83% Worthington Pum 23% WthPpfB (8).. 61 Wright Aéro (1).. 10% Yellow Cab (5)... 46 46 48 P o g g gy are the Ill.l:,tlo:-h hvll,;-nll based Gl“.lnl: Mlf-yearly deciara hm-'m ‘:MMI- uoted. extza ar special dividends sre oot included. Bigh. Low. Last. Cali Money. 2% 2 2 HOURLY SALES OF STOCKS. 11am..... 116800 12m......202,700 1pam..... 273,900 2o +384,000 FRUIT RECEIPTS HEAVY. Vegetabes Also Rushed to New York Market. Special Dispatch to The Star. NEW YORK, June 3.—Southern and western fresh fruits and vegetables were in liberal receipt today, while the supply of New York upstate pro- duce was rather limited. The early morning trading was slow and prices in most instances showed a down- ward trend. A-grade, 23%-inch BaRlwins ranged from $4 to $5.25 per barrel, while mis- cellaneous ~varieties brought from $3.50 to §¢ per barrel for the same grade and size. The market for strawberries was slightly stronger, sales ranging from 10 cents to 20 cents per quart. Black- 64 219% 11 13 0% 8v%e 428 35k 145 1um P 1 Gt North pf (5). Gr Canan Cop. ... Guantan Sugar. Gulf Mo & Nor.. Guif 8t Stl (5) Hayes W'l (3). Homestake( 7)... 46 Househ'd Pr (3) Si% Houston OHl. . & Hud Mot € (3)... ¥3% Hupp Mot C (1).. 11% 11l Cent pt (6)... 105% Indep Ol (1). Indian Motoreyc. Indian Refining Inger R (128) inspiration Cop Interb Rap Tr Int Cement (49... 1ot Com Eng (2). Intern & Gt Nor. . Intertype (11%) . Int Mer Marine. Int Mer Mar pi... Internat Nickel Internat Paper. .. Int Pap pfst (6). IntT&T (8). lavincible O Lron Products (6) Jordan Mot (3)... Kan City South. . Kan C So pf (é)-- Kayser Jul & Co. . Kelly Spr Tire. . . Kelly Springfd pf. Kenne Cop (3)... Keystone T & R. Lee Rub & Tire Leh @8l (3%). ... Leh Val rights. .. 27% Liz & Myrs B (3). bl% Lig & My pf (7).. 117 Jaima Loco (4)... 53 SoewsInc (2).... 16 Loft., Incorpor.... 5% Loose-Wiles Bis.. 55% Lorrillard (3) 35 Louis & N'sh 93 Ludlum Stl (2 20% Mack Trucks (6). 81% Macy &Cpf (7). 114 Magma Copper... 2T% Man El Sup (4).. 41% Man El modgtd 4. 35 Marland Oil. . 29% Maxwell Mdt A, 43 Maxwell Mot B...- 10% MayDpSpf (7). 118% Mex Seaboard(2). 20 MexSeabd ctfs(2) 19% Miami Cop (2)... 20% Middle StOil..... 2% Minn & St Louis.. 1% Mis Kan & Tex... 12% MisK & Texpl. .. 36% Missouri Pacific. . 154 Missouri ’ac pt.. 43 Montgom Ward.. 2% . 544 [ 14% 454 20% 63% 9 16 u 32% 61 10% Ly L 8% 4“ cents per quart, while huckleberries realised from 25 cents to 35 cents per quart. Due to the irregular quality and condition of most of the green peas received today. prices obtained showed very wide range. The best lavge peas sold from $3.50 to $3 per barrel hamper. while ordinary stock bprought as low as-dly . _.6., 50% % | 4y | U. S. LIBERTY BONDS IN SHARP ADVANCE All Issues Jump on News of New Government Financing in Few Days. MONEY = MARKET LOWER Time Funds in Greatest Supply in Past Six Months. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK. June 9.—Announce- ment by Secretary of the Treasury Mellon that the government financing scheduled for the middle of the month would take the form.of $150,- 000,000 in six-month certificates of indebtedness at 2% per eeht was fol- lowed by an immediate advance in all liberty issues in the exchange to- day. Tbe new certificgtes will hear interest at the lowest rate on any war opened in 1314. The compara- tively small amount asked for was also regarded as a stimulating factor {to the liberty bond market. | Money Rates Lower. Coinelding with this extremo rate on government | turther case in the the rate for call I to low financing was money market, oans gotting down per cent and time money being | in Ereater supply at prevailing quo- tations than any time in six months, The response in the liberty and bond market came directly at the opening. Prices for all the active issues opened higher and before noan new high records for the vear had | been madn in every maturity all the 4 per cent liber empt s and the Treasury f these, the new high records time was made by th the third 4sc and the for al T a 1 Investment Bonds Investment bonds Were strong in sy with hert more pre middle grade San Fran- Southern Rail- seneral 4s and Missouri Kansas and Texas prior lien A bs. In the foreign group the feature was the heaviness —in Japanese 6y Renports of disturbanées in connection with the japanese resentment against the exclus ct brought siderable nE. forcine [ price to new low af Otherwise foreigm honds French bonds sold at hout con down the the T were firm, high of tl New Insucs Floated. Specularive i | regular. Inter n bonds were an excepption and bigher. S new issues inclnded $5.815 state of Mixsissippt 3 refunding bonds, due seriall 1350, at prices to_vield 4.43 per cent and ' $1.000.080 Carolina. Clir 1d and Ohio 5 per eent cquipment certificates at prices to vield from | 10 5.30 per cent i e GRAIN EXPORTS GAIN. Commerce being Department Reports Large ‘Weekly Advance. Lxports of grain from the United ates last week totaled 3.347.0 shels. against 2,454,000 for the pr week. o exports for last week. as com- pared with the previous week. made | | public by the Commerce Department | werc: Barley, 309.000 bushels, against 133,000 bushels; corn, 250,000, against |308.000: oats. '3,000," against ~58,000; [ rve. 583,000, against 1.193.000: wheat, | %170, against Canadian grains in _transit, bushels |against 3,45 0 bushels; United States and’ Canadian wheat flour in = 243,000 barrels, against 201.000 | —————— FIRST WHEAT FORECAST. Total of 693.000,000 Bushels Is New Crop Estimate. A total wheat crop of 693,000,000 bushels this year was forecast today by_the Department of Agricuiture. The spring wheat crop, for which the first forecast of the season was announced. was placed at 184.000.000 bushels, the area planted being esti- mated at 16,920,000 acres, or 96.1 per cent of last year's acreage. Winter wheat production was fore- cast at 509,000,000 bushels. compared with a forecast of 533,013,000 bushels a month ago. ¥irst production forecasts n of other crops are: s, 1.232.000,000 bushels: 160,000,000 ushels: rye, bushels, and peaches, bushels’ The total wheat acreage, combining winter and spring wheat areas, is 53.818.000 acres this year or 92.3 per cent of the combined areas last year. The aczeage of oats is 41.625,000 acres, or 101.9 per cent of last year, and of barley, .552.000 acres, or per cent of last year. o e VISIBLE GRAIN CHANGES. NEW YORK. June 9—The visible supply of American grain shows the following changes, in bushels: Wheat decreased 3.196,000, corn decreased 412.000. oats decreased 1.467.000, rye deoreased 503.000. barley decreased 176,000. for the barley, 2,500,000 $2.500,000 CALL MONEY RATES. NEW YORK, June 9.—Call money i high, 212: low, 2; ruling rate, closing bid. 2; offered at 21, last loan, 2; call loans against ac- ceptances, 2 Time loans easie: mixed collateral, 60-90 days, 3%; 4-6 Tc‘v::ha. 4; prime commercial paper, adl. TODAY'S FLOUR PRICES. MINNEAPOLIS, June 9.—Flour un- changed at 6.50a8.80. = Shipments, 33,554 bbls. Bran, 17.00a18.00. Wheat, 0. 1 northern, 110%al16%; July, 110%: September, 1.11%4; December, 113%. Corn, No. 3_yellow, 73%a 7%, Oats, No. 3 white, 4gHad Flax, No. 1, 2.3882.42. Fo BOSTON SPOCK MARKET. BOSTON, June '9.—Following is 'a list_of today's highest, lowest and closing prices for the most active stocks Qealt in here: Beston Blevated Calu & A Calu & Becls berries brought from 10 cents to 2§ | Ok Swift & Co. AR ' Froit.. ir.m..a Shoe Mach Bfd. Tnit Shoeed Mach pfd. | Utan Veutur Waldorf Waltham government paper since the world | includ- | [Cox mew Yorx BONDS srocx zxcmnc;t;l (Bales ase in §1,008.) UNITED STATES BONDS. s te: IR heane 13 RS Sales. Tow. Closs. High. Lib3%s...... 531 100+15 100-8 10011 Lib2d4s..... 16101 100-29 j01 Lib1st 4% 85 10116 101-8 100-15 Lib 2d 434s...1097 101-3 100-26 101 Lib 3d 434s... 233 101-15 101-10 101-14 Lib 4th 414 s. . 2845 10122 100-17 101-19 US4%s19562. 887 10311 103+1 103-9 FOREIGN, Sales. High. Low. Cleas. ---176 102% 101% 1024 . 12 904 90 80 .. 23 90% 90 90 - 24 103% 1034 108% - 267 1004 100% 100% 40 103 102% 102% 2 108% 108% 85 (3 15 23 11 8 13 .29 26 - 8 10 1 3 8 5: Argentine Ts 37 Belgium 7 Belgium §: B Canada §s 1952. Chile 8s 1946. Chile 85 1926 Chile 78 1943 Chinese Gov Ry Christiania 8; Cuba 5% Caechoslovakla 33 Danish Mupic 8s A. Danish Munic 8s B. Denmark 8s Denmark 6s st 16547, Dutch East I 6562, Finland s f 65 1945. | Framerican 114s. ., | French Govt 8s | French Gove 7% | Haiti6s. ... .. | Holland-Amer 6 | Italy 6168 1926. ... | Japanese 15t 41 Japancse 2d 41 Japanese 4. Japanese 61 Jergens U M Lyon 6s.... Marseille 62 Montevideo Netherlands 65 orway fx 135 Orient Dev deb 65. Paris-Ly’'s-Med 63. Prague Queensland 7s | Queensland 6s Rio de Jan 85 1946, | Rio de Jan 851947 Rio Gr Do Sul Ss. Salvaaor 8s ‘48 20 Paulo ¢ a0 Paul eine Dept o Serbs Crotes 8o §5 Sofssonus 6s nes. . 5 3ies 1946 Swiss Confed 35 P = Canana L e=n Am Acr Chem §s 9 Am Azy Chem 7 Am Chain s f 6s Am Repub deb 8 Am SmUt&R 1st &s Am SmIt&R 6s. . 93ty 94 934y 104\ 98%y 118 99 954 101t 94 12 6 957y 83 6 9% 8% AmT Am W Am Writ P P Fadvecomaliafia Asso Atlantic Refin s. . Bell Tel Pa 5: Beth Steel 515 '53. Eeth Steel rf 55 Beth Steel " | Beth Steel s f 6s.. Brier H St ist 5 o Central L Chile Copper 6: CinG & Edlps Col Gas & BI & ! Col Gas & El s sta | Commonwth P 68 | Con Coal Md 1st 58 | Consumers Pow 5s. | Cuban-Am Sug 8s. | Cuba Cane cv 7530 Denver Gas Det Edigon r | Du Pont de N Duquesne Li Est Cuba Sug | Empire G | Fisk Rubber $s. —a - e R00e58:88:=580a —iatte =3 | Gen Elec deb 3s | Gondrich 6 Goodyear 8s 1941. Hershey 6s 1942, 38. Illinois Beti st 5s. Illinois Steel 4%4s. Int Mer Marine Inter Paper 5s'47 KCP &Lt 5s A'52. Kan G & El 6352 Kayser (J) 7s. Kelly-Spring 8s Liggett & Myrs 3s. Lorillard (P) 5s Magma Cop ev 7s.. | Manati Sug sf Tls Marland Oll T3s. . Marland Oil 8s '31. Midvale Steel bs ct Montana Power 5s. Nat Tube 1st 5s... » - aamobieratelion ew Eng Tel bs... N Y Edsn 1st 6%s. NYG EL H&P 5s. N ¥ Tel 65’41, - N Y Tal 6549, N Y Tel 4%s. Norta Am Ed 6s North am 32d 6% Nor States Pow 5. Nor States Pow 6: Northwst B Tel 7s. 2 Otis Steel 73as. .. Pacific Gas & El bs Pac T& T 1st5s... Pacific T & T 55'52 Phil & Rdg C&I 5 Phila Co 515s'38. PhilaCoref 6sA.. Pierce-Arrow $s.. Plerce Oll deb 8s.. Public Service 5. Pub Serv Elec 6: Punta Alegre 7s. Robins & M 15t 7s. Saks&Cosf 5 Sharon Stl H 8s Sinclair Oil 7 Sinclair O1l 6328 Sin Crude Oil 5%s. Sin Crude O11 Sin Pipe Line 5s. South Bell Tel 5s Southwest Bell 5s. 177 - o - Coabhunamunkams= Reanbad alwnn Tide Wat Oll 6%s Un'on Bag & P Unit Drug cv 8s U SRub 1st rf be. U S Smelter 6s. USSteelst Utah Pow & Lt Va-Car Chem 7s. Va-Car Cb T%s w. 36 Warner Bug 7s '41. 17 101% 92k 9% 2% 9Tk 1104 110% 1104 108% 108 108y 59 58% 58 984 98 98% Bly Western Union 6% 2 ‘Westinghou: 6 ‘Wickwire Spen 7. Willys-Ov 6%5°33. 4 ‘Wilson & Co 1st 6s. 17 0% S1W Wilson&Cov 7%s. 1 51 51 51 Wilson&Cocvés., 1 47% 47% 47% Winchester A 7T%s. 7 101 101 101 YoungstnS&T6s. 9 95 945 W% HOLIDAY ABROAD. LONDON, June 8.—THollday on the London, Liverpool and Paris ex- changes today. Whit Monday. | Hud & Man | m | 111 Centrat 5 | Lake N In N Received by Private Wire Direct to The Star Office. RAILROADS. Atchison gen 4 884 Atchison adj 82% AtlanticC L 1st & a9% 985 5% 101% 88% 83% 84% 8% 67% 6% 87% 112% 112% 80% 96% 98% 81 96% 60 35 80% 89% 88% 8% B1% 28 39 6 19 SW div 3348.160 B & O Toledo ds... 11 Bklyn-Manhat 6s..112 Buff RE&Pitt4%s.. § Canad North 7s. Canad North §%s 2 Central Pacific 4s.. 13 Ches & Ohlo cv bs. 135 Chi & Alton 3s. 13 Chi & Alton 3% 13 Chi B&Q gn 45 '58. 29 Chi B&Q1strfbs.. 9 CB&Q-1ldivds 6 Chi & E 11l gn bs. ., 22 Chi GrWest 4s (n). 17 ChiM&St Predi%s 17 Chi M & St P ev bs. 17 Chi M & St P 4s'25. 25 Chi M&ESt Pev ks CM&StPdbds.,. Chi M &St P 6s. Chi&NW Chi Rys bs. ChiRI& Pgn4s. ChiRI&Prfis ChiT H & SE 53 Chi Un Sta 435 Chi U4 Sta 61¢s. Chi & W Ind cn 4s. CCC&StLrf6s A, 2 Cleve Term 5s... Colo & Sou 4% 3 Del & Hd 1st rf 4s. Den & Rio G cn 4s. D&RG lst rf bs.. Det United 4%s Erie 1st con 4s. Eriegends. ... ErieconvdsA.... Erieconv 4s B. Erie conv ds D . Erie & Jersey 6s. .. Gr Trunk sfdbés. 7 and Trunk 7s 2 North gen 7s... 33 Gr North gen 54s. 10 GreenB& Wdb B, 4 Havana ERL&P s 1 ef 5s Hud & Manaj 5s.. 1 23 14 68 6 ent ref 5 Int Rap Tran 5s. Int Rap Tr b5 #tpd. | Int Rap Tran 6s... Int Rap Tran 7s Int & lint& Kan City F't S 4s.. | Kansas City S 3s Kansas City § 5s. Lake Shere 28.. hore 4s '31 Louts & N uni 43 Louis & Nash iz | Louis & Nos B PrinSsA. 28 4sB.. Mo Pacific gn | Montrl Tm 1st b N O Tex & M in bs. N Y Cent gen 31z, N Y Cent deb N Y Centdebds. N Y¥Centribs Y Cent cn 4s New Haven c d 63 New Haven d 48 '57 New Haven 7s. New Haven 7s fr. NYOnt& Wref s N Y Ry f ds ctfs N Y State Ry 443, N Y W & Bos 4123, Norfolk & W cn is Norfulk & W cv §s. Northern Pac 3s. Nortaern Pac 4 Nortarn Pac 1 Northern Pac 38 D. Ore & Calif 1st 5s.. Ore Sht Licn 5s '46. Ore Short L ref 4s. Ore-Wash 1st rf 48 Pennsyl gen bs. ... Pennsyl gen 4%a. . Pennsyl 6%s. Pennsyl gold 7s. Peoria & E inc 4s.. Pere Marq 1st §s PCC&StL5sA.. Reading gen 4s. .. Reading gn 41s. TArk & Ldtas.. BEY, A7) 89 121% buw 831y 104 92% 1004 103% 95% 82% 934 110 108 0Ty SLL&SF pl4s AL ntrrroeet Putnppeeee 98% 675 b2% 564 % 54 7% 3o 9% T2% 108 100% 80% ba% 43% 8l 91 85 97% 103% 102% 5% 617y 87 82 66% 673% B3% 57 ]%% 95% 884 84 100% 73 106% 101% 80 65 4“ 81% 91% 85 973 1034 102% Seabd A Liref ds.. Seab'd A L adj 5s Seab'd A Licon 6s.. Sou Pacific 45°29.. 49 Sou Pacificref 4s.. 55 Sou Pacificclt4s.. 6 Southern Ry 1st 58172 Southern Ry gn 4s. 83 Southern Ry 6%s.. 83 Southern Ry 6s ct. 78 Sou Ry Mobile 4s.. 5 Third Averef4s.., 7 Third Ave adj bs.. 5 TolStL& Wds... 10 Union Pac 1st 45...106 Union Pacistrf4s 1 Union Paccv 4s... 35 Union Pacificcv 68 8 Union Pac 1str{5s 9 Virginia Ry 1st 53.136 96% Western Md ds.... 4 62% Western Pacific5s. 60 87% West Shore 1at 4s. 2 82 Wheel& LEcnds. 3 66% Whel &LErf4k%s 9 62 61% Wisconsin Cent 4s. 8 80% 804 TOTAL SALES (Par Value; 1la.m.. 3836000 12noon 8798000 1pan..11066000 2 p.m..12921000 JUDGE ORDERS TRUST MORTGAGE FORECLOSED Virginia-Carolina Chemical Com- pany in Further Difficulties After Interest Default. By the Associated Press. NEW YORK, June 9.—Foreclosure of the irust mortgage of the Vir- ginia-Carolina _ Chemlcal _ Company, covering the $24,500,000 7 per cent bond issue, was ordered today by Federal Judge Runyon of New Jersey, after default of the June interest payment. “The court ordered the receivership extended over assets covered by the first mortgage bonds and directed consolidation of the foreclosure ac- tion with the receivership suit brought by creditors. ‘Waldron M. Wood, counsel for the Union Trust Company of New York, representing the first mortgage bond holders, told Judge Runyon ‘that $857,500 of interest on bonds duc June 1 had been passed. 13 62 79 BUTTER UNCHANGED CHICAGO. = June 9.—Buytter—U changed: -creamery extras 39} standards. 3915: extra firsts, 3838z} firsts, 36a3715: seconds. 33a35ls. Eggs—Higher: receipts, 3. firats, $4a31%; ordinary 22%3a23; storage pack, extras, frsts, 20 é firsts. 101% | FINANC TODAY'S COTTON MARKETS. By the Associated Press. NEW YORK, June 9.—A more fav- orable average of weather and crop advices led to renewed liquidation in the cotton market during today's early trading. The opening was weak at a decline of 28 to 39 points and the market sold off to 27.38 for July and 25.42 for October in the first hour, making net losses of 47 to 46 | points on the active positions. Stop orders were uncovered on the de- | cline, giving the market a very nervous and unsettled appearance. Owing to the holidays there were no cables from Liverpool to influence sontiment here, but selling on the report of improving crop prospects was encouraged by complaints of continued depression in the cotton goods trade. Cotton tures closed sfeadr. e en . "low Cinse. July 8- 21 NEW ORLEANS, June 9.—The cot- ton market opened at .a sharp de- cline with rather active trading. First trades showed losses compared with Saturday's close of 24 1o 33 pofnts. 1In the absence of Liverpool | advices, that' market being closed for the White Suntide holiday: the market was influenced by the taflure of the western® storm areas to bring Cotton goods reports were also d couraging. Prices continued (o ra off after the opening until July traded down to 27.92 und October 1o 24.62, or 40 to 50 points, respentively, be- low the previous close. The market then became eteady at the decline. Cotton futures closed steads clige of 51 1o 62 polats. iligh July .. . 2810 Drtober . Docember st set de- Tow o7 9 28.03. October Jemuary, 2432 GRAIN AND PROVISIONS. BALTIMORE. Md., June 3 (Special). Potatoes, white, per 100 1bs, 76a 0; potatoes, bbl, 2.00a5.00. Beans, bu., 75a1.50. Asparagus, doz, 1.00a4.00 Beans, bu., 4.00a4.50. Beets, 100, 2.00a 4 Kule, bu., 20a6s. Carrots, 100, 2.00, 0. Cucumbers, ;ggplant, crate, 2.00a. Lettuee, Eggplant, crate . uee 50, 1., 1.50a3.50. Apples, packed bbl., 3.00a 1.0032.00; box apples, 2.50a. fruit, box, 1.50a3.00. Oranges 475 Pineappl crate, 230a) Strawberrics, quart, 6all. Peach crate, ntaloupes, ¢ 00: hu, Grape- rain. red Wheat— No. red W w =pat r. garlicky quotations o ed wint rlic “ob, new. 4.25a4.30 per bar- rel for yellow and 4.10a4.15 per bar rel for white; No. 2 corn. spot, No. 3, track corn, vellow,. No. Oats—N white. new. Rye—Nearby Under hay —Receipts. 138 tons. | more libera! receipts the gener: market ruies easy on timothy and clover mixed hav of the better while the movements o nixed and poor clover are ve vo. 1 timothy. 50: 29.00; No. 3 timothy, 26.00 1 light clover, mixed No. 2 light clover, mixed, i No. 1 clover, mixed. 27.00 2 clover, 24.00a25.00 1 straight rve, No. 1 tangled 1 wheat, 17.00a 23.00a ."15.00 — e —— { DAIRY PRODUCTS. BALTIMORE, June 9 (Special)—| Live poultry—Spring chickens, pound | 35845: leghorns. 30a40; old hens, 224 |27: Tezhorns, old, 22a23; old roosters, | 16: dueks, 15 pigeons, 10 spring, 28a30." ggs (loss off). | by firsts, dozen, 26 Butter—Creamery, | 37a42; nearb | 42a41: 1adle: store packed, process butter, 15 145 pair, ative and near- southern. 25 good to fancy, 28a31; prints, rolls, ' 28a3 prints, 29a31] CHICAGO LIVE STOCK MARKET. CHICAGO, June 9 (United States Department of Agriculture).—Hogs— | Receipts, 54,000 head; desirable | srades, fully steady: spots strong: others very slow: big packers bid- |ding 10 10’15 lower: good and choi 30 to 325 pound butchers, 7.30a7.40; 7.50: bul tter grade. pounds, 1. i desirable 140 to 1130 pound ' averages largely, 6.50a | 6.90: packing sows mostly, 6.40a6 killing &s slo teady: bulk, good nd <tron 6.00a6 25: heavyweight, mediuy weights, 7.10a7.40 hts, 6.70a 30; light lights packing hogs, smooth, & packing hogs. rough, 6.30a6.30: a a ttle—Receipts, 18,000 head: most killing classes strong to 2. better grades showing most advance trade fairly active; shipping demand broad: early top matured steers, 11.35; several loads, 10.75a11.25: best long yearlings. 10.75 ecarly; lighter kind, 10.65; bulk fed steers and yealings, $.25a10.50; fat cows of valuc to sell at 6.00 upward and beek heifers in com- parable finish, 25 higher: spots more: others and canners and cutters steady to sfrong; comparatively narrow de- mand for brassy cows selling at 4.00 a5.25; bulk canners and cutters, 3.00 bulls strong weighty sausage some heavies, 5. vealers, strong at 9.00a. mostly for good and choice kinds to packers; stockers and feeders more active. Sheep—Receipts. 9.000 head; active fat lambs fully 25 higher; sheep, strong 5 higher; desirable spring lambs, 16.25a16.50: few =ood to choice kinds, some held higher: mo range springers offered: good clipped lamb: 13.75214.25; good. fat ewes, 5.50a. e Do e TODA CHICAGO PRICES. CHICAGO, June 9.—Beneflcial rains in the spring wheat territory both north and south of the Canadian line led to lower prices early today for wheat. Houses with northwestern connections were the principal sel- lers. On the decline better buving power developed and the setbacks in prices kept within fractional bounds. The opening, which varied from un- changed figures to half cent lower with July 1.04% to 1.043%, and Septem- ber 1.05% to 1.053,, was followed by a drop all around to well below Saturday's finish. Corn and oats held relatively firm, revalent cold weather and rain be- ng adverse for corn growth and re- planting. _ After opening unchanged to half cent higher, July 7814 to 78%, the corn market scored slight gen: eral gains. Oats started unchanged to one- eighth cent up July 46%. Later, the market sagged a little. Provisions were dull and’ inclined to case down somewhat, despite the steadiness of hog values. WHEAT— Open. High, July .. Losy 1085 tembe: % Derember 0815 Lot a8y T8 181 g A8y to 18 up; bulk bulls. 5.0085.15; K .-""n‘ A0y i GRAIN SHIPMENTS START. FORT WORTH, June 0 (Special).— Thousands of empty grain cars are being assembled at Plainview. Flo: dada, Lubbeck and other péints we Gf here to handle the wheat shiy monts. Harvesting ix in full blast at ints. and the L 4 rains to the cotton belt over Sunday. | e | 150-pound sacks. 1.5023.50; new | rate, 25a | <l e | theoretically there would 160 1o | ; | economs 5 higher: | Field is tetter | IAL. BANKING ACTIVITIES ' BACK TO NORMAL Local Financial Leaders ,Consider Convention Was Marked Success. NEW U. 5. LOAN PRAISED Washington Stock Exchange Opens Week Well. BY CHAS. P. SHAEFFER. District banking activities resumed @ normal tenor today with the returs the local bankers' associatio from their annual convention, whic: closed Saturday afternocon at Wh Sulphur Springs, W. Va. - It was the unanimods opi the assemblage that the conventior Which has just gone into history wi {productive of unequaled resuit: while every phase of thie present or | ganization is indicative of another | ¥ear uf constructive bank legisiatior Victor B, Deyber. now presidens oi | the associatior, has had bimself sur {rounded with & “cabinet” of recos nized worth. Francis G. Addison, ji |and Howard Moran, vice president:” | have always been foremost in aidin | the bigh standard set for the per formance “of the profession hers while the initiative of W. W. Spai nowly elected secretary, cannot b surpassed. The ninth consecutiy clection of Albert 5. Gatley to th office of treasurer speaks for itself Other members of the council administration include Lapier . M Lachlen, representing state baik Bdward J. MeQuade, representing ni | tonal banks: John Riordou, reps i senting savings institutions, and . J | Pope of the trust company sectr | These men are all recognizid us vei %00d executives. Housing Concerns Under Ban. Fost office orders against circu tion of fraudnient securities dats a court procecdings in Washingion a1 Louts ha mpletety climinas |3 and 4 per cent honsing trust con | panies in Washington. ft was repo #d thix morning by Howard M. Coo director of thoe local Better Busines | Bur Some of these companies have oper {ated locally during the last fous | years. thousands of contracts beine | signed among the government clark: and other people in modest efrcum st who were led 10 belteve (ke procedure was method 1 finarce 2 home. ie 2, when the United Home Builders pleaded gusli: to an it at St Louls whi e in excess of §6 000 | housing trust” activities wer :hmpvly terminated here, Mr. Coo e ey Home Lou ! that the company re resented contract holders would ne rofit of from L5 1o 3% per cent ccording to Post O ks and Loan As e and four per « in Washing lds of operatior of Home Build 1o voluntary receiver ship, as has the Co-operative Home | Bullders' Trustees Agency Explaining the plan of operation followed by these organiza- a On Ju *ought other £ the Atlanti ere to bo homes $10 . rulate interest accumy h exactly 100 00. Instead of month until $1,000. Except for |lation it would take onths to save his § aving his money independegti: the agreed to save co-operative! ‘and together in the same fund <AL the end of the first grontil then e $1,000 in this fund. One of the 100 men coule borrew that $1,000 and continue to pay his $10 a month into the fund until he had paid the $1,000 back Each succeeding month there would !be an additional $1000 and either man could borrow that $1.090 each | month from the fund. At ghe end uf | 100 months each would™awt deposit | ed in the fund $1,000 and eachdwouid have borrowed from the fund $1,06( The 100th man would. of course, re- | ceive only his $1.000 back. The othe ninetv-nine when they took the $1.000 would receive the moncy back | that they themselves had put in | the fund and part of the money that |others had put in, in a proportic | which would depend upon their tur |in taking the loan. The order in {which the members would recejve their loan wou! necessarily have to | be_determined by lot or chance. and !depending upon’ the day. hour and minute hen the contract holde signed.” New Treasury Loan Praiscd. Local authoritative bankers see the new Treasury loan announced this morning another evidenc of operation inauguyrat terest th t nt. marks a new in post war financing. hut is justifiable by the presen money market. Surpris. was expressed in som~ quarters that a huge loan at a long er term was not floated in view the favorable condit vailing instead of | of only $1530.000.000 {is understood Mr. care to add ta th total maturing _indebtedne Liberty bonds in 1827 and for this reason issue of certificates was decided u The toan will undoubtedly be over | subscribed. | Personal Mention. | Edward L. Hillyer, of the Union Trust Company turned after several weeks rope. Ernest E International with M vice preside has re- n E Herrell. president of ti Finance Corporatior Herrell, is sojourning : White Sulphur Spring Francis M. Savage, president of the Northwest Savings Bank. is en route to Italy, where he will join Mrs. Sa age and tour Europe this summet He promises a renewal of his ant branch bauk campaign upen his rc turn. Dividend Declared. The Bank of Commerce and Savings | has declared its regular semi-annual dividend of 4 per cent, pavable July 1 to stockholders of record June 20 The instftution has maintained annual rate of 8 per cent for years Today's Local Trading. Well diversified trading in loes stocks marked today's session on the Washington Stock Exchange. " Capital Traction stock sold upward from 94 to 94%. with Gas unchanged at 48%. Railway preferred was ofl = slightly to 73, as was Mergenthale: at 151. National Mortgage and In- vestment preferred sold to the extent of 250 shares at §1 and forty shares of Unlon Trust Cempany was seld at 66. 4 Bonds were listless. NEW BOND OFFERINGS. NEW YORK, June 9.—New bond of ferings today were led by an issue-o! $5,516,500 State of Mississippl 4% pa+ cent refunding bonds due url’l_[" 1835 to 1950 and priced 10. yield 4.4 per cent, according to maturity. An- houncement was made that a' new isgue of $1,000,000 Carolina, Clinch- fleld and Ohio Raflway Company 5 per cent equipment trust certificates had been sold to yield ¢ to 530 per cent. —— FISHER'S INDEX PRICES. NEW HAVEN, Conn.. June 3 (Spe- cial).—Last week’'s prices averaged 143.2 per cent of pre-war level. Thu purchasing power of the dollar was 0.5 pre-war cents. Crump's Indei number, 152.4. Sl an e s T s BIG TAX SAVING $EEN. PHILADELPUIA. June 3 (Speciat) T uction” in foderal income tanee. it is estimated. will suve Phila- delphiaus about §26,851,700.