Evening Star Newspaper, June 10, 1924, Page 22

n - MARKET IS CONFUSED BY STEEL REPORT Drop in Call Money to Lowest Mark Since 1917 Also Sur- prises Wall Street. WHEAT PRICES ADVANCE Sugar Stocks’ Strong Rise in Fu- tures Quotations. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, June 10.—Today in the markets was notable for three oc- currences—a jump of over 4 cents a bushel in wheat following the govern- ment estimates put out after the close of business Mouday; a drop in the call money renewal to 2 per cent, the cince August, 1917, and @ de- 1,358 tous in unfilled or- books of the United States tion last month. This de- at least 50,000 tons more highest estimate. quite the most day that Wall Strect has passed hoin time. The wheat was distinetly good news, b it showed that nature plus a ¢d reduction in acreage had paved the way for more profitable conditions for the wheat raisers. On hand 3 :1 tonnage < just dedly bad v ture, even statistics on week . of fing at a more been gradually than the I owas interesting had raders Are Puzzled. these conflicting influ- market did nothing general tone was the steel re- into the as cnees mportant. tirm that selling trade rket for American Can gave of the same strong support that has heen effective on other up- ward movements in the stock. Shorts in Raldwin Locomotive were glad enough to pay u point or more above Monday's final in order to cover. The fact that no further cuts were re- ported in crudes oil prices influenced the huying in of short contracts in oil shares, with an attending ad- vance of a half point to over a point. American Telephone and Tel- aph sold ex the rights to sub- ribe to the new $150,000.000 stock. ‘onsolidated Gas was time and S| Jersey made a new high for the year, i Seaboard Crosses 3. Among the rails the features were Missouri Pacific preferfed at a new hizh for the vear, Te and Pac 0 again, St. Louis Southwest- eaborad ' Air Line preferred 3 for the first time, and Rock Southern - railway common to hold around its high es. The jump in wheat prices, fol- the ‘Tovernment report, acted a stimulus to the western rails Sugar stocks responded promptly to the racovery in the market for s zar futures and for raw spot sug: © impression was strengthened that decline in the sugar market had bern overdone and that not enough ount had been taken of the in- creased consumption which would be bonnd to follow the very low price level. Punta Alegre around 51 was up over 3 points from its recent low, and gains almost as large were made in Cuba Cane preferred and Ameri- ~an Sugar Refining. Cuban American Sugar was selling over 2 points high- or than Monday's low. Wall Street Features. Philadelphia Company remained active, reflecting the belief that im- portant developments in its affairs were impending. There were rumors azain of an increase in the dividend from $4 to but more attention was pail to the report that a deal involving the Duquesne Light, the | electric subs . was about {o be | consummated. In Philadelphia Company earned $7.46 a share on its common’ and in the fiv period 1815 clusive, $3.86 a share was the averige net on the common, A new high record for International Paper was an incident among the specialtics. The buying has been per- sistent since before the recent an- rouncement of a_change in the ex tive personuel. Earnings from opera- tions are reported to be in_excess of the 1 ate of $11 a share. The street has been waiting for more news regarding International Paper's plans for moving its plants to Can- da to more easily compete with Canadian paper manufacturers. Chandler Wotors Dividend. The declaration of the regulur quar- terly §1.50 dividend on Chandler Motor: s expected and had no espeeial cffect upon the stock. It was ostimated recently that in the first six_months Chandler will show 1ot profits equal to approximately $5 v <hare. but nothing has been sbout the outlook for the remainder of the year. MAREKET CLOSES FIRM. Gains From One to Four Points in Local Stocks. i the Associated Pross, NEW YORK, June 10.—Stock prices displayed a firm undertone in today's listless trading. Good buying was noted in the oils, low priced rails and which advanced 1 approximated 500,- continucd pr low as res 9 closing was firm. Prices in neral drifted idly in the late trad- although Missouri Pacific pre- terred, touched another mew top at 474 and Woolworth (old) jumped 10 EW YORK.—Stocks firm; Missouri Iacific is: t new top prices. Bonds rong; easy money sends several lib- erties to new highs. Foreign ex- changes steady: French political un- certainty resticts trading. Cott ve rains. Sugar e i Coffee stea ropean buying. ICAGO.—Wheat strong; (government crop estimate). Corn irm; sympathy with wheat. Cattle steady to weak; limited demand. Hogs mostly lower; large receipts. STOCKS EX-DIVIDEND. Corporation. —Tllinois_ Cent.” Ry Shell Union_ 0 2 American Express Co 13— Allied Chem. & Dye Corp. i3—American Can Co. pf.. i3—American Locomotive Go.. . 1l 13—American Locomotive Co. pf. 13-American Snuff Co. 13-American Snuff Cc June 13—Brooklyn Union G bullish FINANCIAT. Adams Exp (6) . Air Reduct (4) .. Allied Chem (4) Am Beet Sug (4) Am Can (16) Am Drug Synd. . Am Express (6) . Am & F P 25%(7) Am For P { pd(7) Am Ice pf (6). Am Internat), . .. Am Locomo (6) Am Ship & Com. Am Sm & Re (5). AmS & Rpf (7). Am Sugar . Am Stl Fdys (3). Am Sumat Tob. . AmT&Tel (9).. Am Tobac (12) Am Tob pf (6) Am Tob B (12).. 4Am Water Wka Am W W pf (6). Am Woolen (7). Anaconda. Ass0 Dry G (5).. Ass0 Ol (1%)... AT&SF pf (5). Atl Birm & At. Atl Coast L (18 AtGult& WI... At Gulf & W I pt Atlan Ref (4)... Atlan Ref pf (7). Austin-Nichols. Austin-Nic (7). Auto Knitter Bald Loco (7). Bal & Ohio (5)... Bal & Oh pf (4). Br'k-Man Tran. . BrklynUnG (4) BR&I'Dpf (3) Burns Br B (2) Butte C & Zinc Butterick Co. Cal Packing (6) . Cal Pet (1%) Callahan Z Lead. Calumet & H 50c. Cent Leather Co.. Cent Lea Co pf. .. Cerdo Pas C (4). Chand Mot (6). Ches & Ohio (4) Chicago & Alton. Chic & Alton pf. Chic & East 11l Chic Gt West.. . Chic Gt West pf. Ch Mil & St Paul. Ch Mil & St. P pf. Chi& Nwn (4). .. Ch & Nwn pf (7). ChicR1& Pac. CRI&PDL(T).. Ch StP Min & 0. Chi Yellow C (4). Chile Cop (2%) Coca-Cola (7).... Colo Fuel & Iron. Colo Southern. . .. Col S0 2d pt (4) .. Col Carbon (4) . Col G & E (2.60) Com SolvA (4).. ComSolvB...... Congoleum (3). .. Consol Gas (5). Consol Textile. ContCan (4).... Cont Motors (20c) Corn Products. Coeden Co. . Crucible St1 (4) Cub Am Sug (2).. Cuban Cane Sug. Cub Cane Su pt.. Cub Dom Sugar Cuyamel Fr (4).. Dant Boone M (3) Davidson Chem. . Del & Hud (3) . Dome Mines (2) DuPtdeN (8). DuPdeNdb (6) Eaton Ax (2.60).. El Stor Bat (4) . End-John pf (7). Erie Erie 18t pf. Erie 2d pt. Famous Pl (5) Fed Min Sm Fisk Rubber Fleishman (3) Foundation (6) . Gen Asphalt..... General Elec (5). Gen El spe (60¢) « Gen Mot (1.20). .. Gen Mot pf (6) .. Gen Mot db (6) . Gen Mot db (7).. Gen Petm (2). Glidden Co Gold Dust. Goodric! Goodrich pf (7). Goodyear pf- G'dyear pr pf (8). Gt North Bt (5) . - Gr Nor Ore (3). Gr Canan Cop. . . GuMo&N pt Guit St St (5). - - Hanna 1st pf (7). Hayes Wil (3). Houston Oil...... Hud Mot C (3).... Hupp Mot C (1) Illinos Cent (7) 111 Cent pf (6) Indep Ol (1) Indiahoma Re! Indian Motorcy Indian Refining. . Ind Ref pf (7) Inspiration Cop. Interb Rap Tr... Int Com Eng ( Intern & Gt Nor. . Int Mer Marine. . Int Mer Mar pf... Internat Nickel. . Internat Paper. .. Int Pap pf st (6). IntT&T (8) Invincibie Oil. Iron Products Jones Bros Tea. Jordan Mot (3). Kan City South.. Kan C So pf (4) Kelly Spr Tire. Kenne Cop (3) Keystone T & R. Leh Val (3%). Leb Val rights Lig & Myrs (3) Lig & Myrs B (3) Bima Loco (4) Loews Inc (2) Louis & N'sh (6) . Mack Trucks (6). Magma Copper.. . June 13- -Commerce National Bi Jume 13 Mother Lode. Coalition. Jime Tame June 13— Public Serviece i erv. Corp. Hagho g 5 ca “Drewond Corporation:. fed_ Dorwood Cornpt Jiah Canper .o ? Stock of record. June 18 .... i 8 B8 Mallinson & Co.. ... Man El modgtd 4. Manhat Shirt (3) Maracafbo Ol Market St Ry. Martand Oil. Marlin Rockwell . Martin Parry (3) Maxwell Mot A, . May Dpt St (). .. Mex Seaboard(2). MexSeabd ctis(2) Miami Cop (2). Middle St Oil. . ... M StPESSM (4). Mis Kan & Tex. R HLLA ] BakzBuLEa MisK & Texpf. .. Missouri Pacific. Missouri Pac pt. Montgom Ward. Mther Lo 37%e. Nat Dairy (3) Open. High. ELow. % % T4 75 75 T4% T70% 1% T0% 4% T 39 3% 92 20% 724 11% 624 99 41 82% 34w 8% 123% . 141 . 103% 103% 139 68% 8l 69 30% 88% 281 90 2 15% 21% 103 17 194 82 AIC&EDDf (7).. 115% 116% 44w % AmAgriChempt 23% 23% 39% AmBrS&F (5). 824 82% . 104% 105% 20% 73% Am Loco pf (7).. 119% 119% Am Radiator (4). 100% 1021a 11% 62% 99 AZ% 8 34% 8 123% 141 1397 70 83% 69% 0% 88% 28% AtT&S Fe (6).. 102% 103 90 2% . 123% 124 15% 21% 103% 1174 19% 82 107% 109% b5 58 320 48 45% 20 165 62 5 220 4% 19 81% 224 3ty 144 1% 42 445y 46% 8% 4 9% 25% an 1% 1% 21% 52t B5% 58 320 as 46% 20 Br'k Edison (8).. 108% 10! 1615 627n 75 229 A% 19 144 1% 43% 45 bt 78% an, 105 26% 80 32l 46% 114% 115 167 u7 864 15 5% 110 27% 4% 2915 76 8% 6% 507 0% 343, 220 11 127 804 803, 72 43 90% 577 26% 1 6% 143 57% 64% 88 335 64% 28% 11% 17 117% 861 15 56 110 2% 4% 29% 6% 8% 64 51 7 343, 221 88 83% 64% 23% 11% 116% 4% Tin 22% 39 82% 104'% kY 92 944 9 80% 20% 72% 119% 100% 11% Can Pacific (10). 145% 145! 145% 11k 42 a4 46% 8 1% e 25% an 64% 88 83% 64% 23% 11% 108% 108% 103% 105% 105% 105% % o 16% ~16% T16 16%% 5% 681s 23% 21% Y% 22% 29 T 324 14'a 47% 1% T5% 12% 44 20 24% 20% 62% 13% 3 It 443 2% 52 515 564 15% 55% 35% 9 8 274 21 35 3% 27 15% 464 2% Th s % % 6 70 235 22% 1 23 291 82% 14% 48% Tl %% 12% a“ 20 24% 20% 52% 14% 873 1% 445 29% 52 51% 564 15% 56% 35% 93 83% 27% 21 35% 33% 27 124 37 16% a8% 22% K 33 9 % 22% Close. 7% 4% 7% 115% 44% T 22% 39% | * 20% | 20 | 20 | 21 | 305 12% 36% 16% i T 33 | N ¥ Dock pt (5). Open. High. 37 371 1% 1% 57% b58% 1313 974 99k 49% 49% 28% 103% 81 83% 36% 52 20% Nat Dept Stores. . Nat Ry,M 2d pf.. Nat Supply (3).. Nev Cons Cop. NewO,T&M 123% NYABrA® N Y Canners ( N ¥ Central (7). NYC&StL (8). Ny C&StL pf (6). N Y Dock. NY NH & Hart. . N Y Ont & West Norfolk South Norf & W (18) Norf & W pf (4). North Anser (2).. North Pac (5). . Nunnally Co (1).. Onyx Hosicry. . .. Otis Elev (n) (4).. Owens B pl (7). Pacific OIl (2). ckard (1.20) .. ckard pf (7).. n Amer (4). Pan Amer B (4) Pepn C& C (4) .. Penn Railr'd (3). Penn Scab Steel.. Peop Gas Ch (7). Pere Marq (4). . . Pere Mar pf (5) .. Pere M prpf (5). Phila Co (4).... Phili& R&I. Phil Mor (50c). . Phiilips Pet (2 Pierce-Arrow . Pierce Oil. . Pierce Ol pf. Pitts UL pf 1.65.. Pitts & West V. Postum Cer (4). . PPress St C (4) . Prod & Refiners. Pub Ser NJ (4).. Public Serv rts. Pullman Co (8). . Punta Al Su (5). Pure Oil (1%). Pure Ol pf (8) ... 4y Cons Cop. Reacing (4). Reading rts Read 1st pf (2) .. Read 2d pf % Rob pr ¢ Rep1& Spf (7). Reynolds Spr (2) Rey Tob B (3)... Roy D'tch (3.46). Rutland pf St 1L San Fran. .. St L-San Fr pf Shell Un pf (6).. immons Co (1) . imms Pet. . inc Con Oil ( Sin Con O pt (8) .« Skelly Oil. ... Slous-Shefr (). ... So P Rico Su (6) South Pac (6).... Southern Ry (5). South Ry pf (5).. td Gas & El (3). SLOII Cal (2).... tOILNJ (1) . t Ol N J pf (7). . Std Plate GI(75¢) | Sterling P’ ¢4) | Stew't War (10). Stromberg C (8). Sfudebaker (4).. Sabmarine Boat. . Superior Ofl. . ... Tenn C & Ch. Texas Co (3). Tex Gulf (16%). Texas & Pacific. . Tex & PacC & O. Third Avenue. ... Tumken (13%) Tob Prod (6). Tok Prod A (7. Transcont Oil Un Pacific (10) Un Pacpf (4).... Utd Ry Invest pf. U S Cast Iron V... U S Ind Alcohol. . USR&Im (8). J S Rubber. . USR 1st pf (8) US Smelting. U S Steel (16) U S Steel pf (7). Utah Copper (4)... Utah Securities Vanadium Corp. . Va-Caro Chem. Va-Caro Ch pf.. . Va Ry & Power Vivadou. 204 943 119% 67% 29% 45% Wald Sys (1%) .. 14% Web & Heilb (1) 15% West El pf (7)... 113 West Pen (4) 64 West Maryland Yte Vest ) .16 Western Pacific. . 19% West Pac pf (€).. 66 West Alr Br (6).. 90 West E&M (4).. 57% Wheel & L Erfe.. 9 Wheel &L Erpf. 17% ‘Wh Eag Oii (2) 23% White Mot (4).. 52 Wickwire Sp Stl.. 1% Wilson & Co..... 4% ‘Wil & Co pf. . 15% Willys-Overland. 7% Willys-Over pf... 66% Woolworthn (3).. 85% Wright Aero (1).. 10 Wrig WJr 3)... 37% Yellow Cab (3)... 46 Youngst S&T (5). 63% 1Partly extra. iPayable latest quarterly or bal Dl dividends ure HOURLY SALES OF STOCKS. 1lam... 1pm. 1Zm. Zp.m. 168,400 360,400 SHORT-TERM SECURITIES. (Quotations farnished by Redmond & Co.) Aluminum Co. of Amer. Ts 1925 Inminum Co. of Amer. 7s 1933, American Sugar 65 1957.... ... ‘American Tel. & Tel. 6o 1925, .2 Ansconda Copper s 1929, Anglo-American Ol 7i4; Associated Oil 6 1835, Bell Tel. of Canada Chi., Columbia 1l Du_Pont 7les 1931 Federal Sugar Ref. i3 Fisher Liody Corp. 6x 1927 Fisher Body Corp. Gs 1938 Goodwar T. & R. Ss 1931 Great Northern 7s 1936, Guif Ol Corp. Pa. hlés 1938, Hamble 0il 5lis 1932, Kennecott Copper 7s 1630, M., St P. &S S. M. 61, Morris & 550, New York Central 6s 1935 Oregon Short Line 4s 1929 35 1925 (Aug. 1). B Toaa. a8 1) Tidewater Oil 63%s 1931. .2 Tnion Tank Car 7s 1930, ‘estern Tnion Giks 183 Westinghouse B. & M. Wheeling Steel 65 1936 BAR SILVER QUOTATIONS. LONDON, June 10.—Bar silver, 35d per cent. Dis- 15-16 per ounce. Money 1 ount rates: Short, cent: three month 1-16. NIEW YORK, June 1 Mexican dollar: 675 Tow. Close. 87 1% 57% 13 97% 49% 23% 102% 807% 83% a5 52 19% 16% 17 121% i 26 3% kit 18 66 108 ans 10%% 1% 50% 37% 485 63% in preferred stock. Divigena rates as given in the above fabiv arc the annual cash payments based on the -yearly declarations. ss otherwise moted, extra or special —Bar silver, BUTTER IS LOWER. CHICAGO, June 10. craamery extras, 39; 27 1% 58% 13 998 49% 23% 108% a1 83% 36% 52 204 16% 17 122 77 264 53% T4 18 .66 108 | participated in the improvement. U. S. FIRST AND THIRD BOND ISSUES HIGHER Two New Records Made Today in Market, While Money Rates Stay Down. TRACTIONS ARE ALSO STRONG Southern Railway New Talking of New Financing. ORGE T. HUGHES, Spécial Dispatch to The Star. NEW YORK, June 10.—The bond market was very strong again today. it could hardly be otherwise, with money at the low for the past seven years, and, except in the case of libertys, with readjustment of bond Auotations to money rates only begun. The confidence displayed by the Secretary of the Treasury in contin- ucd case of money rates, as cvidenced by his action in fixing a six-month maturity and a 2% per cent rate for the June 15 financing, started the arket upward Monday, and the movement was carried further today. Investment bonds of all classifications Liberties Go Highen Two new high records were made in the government bond list. The first 4345 went to a new high for 1924 and the third 4%s went to a new high for ail time. The balance of the list sold around the previous closing quota- ions. In high-grade rails and industrials representative issues such as New York Central Union Pacific Gen- al 4s, Oregon, Washington Railway | nd Navigagion General tric hobenture Western Electric 5s, Southwest Telephone 55 and Tili- all went higher. s had a sharp run up on comparatively few sales. St Louis, San KFrancisco prior lien A 4s advanced to 71, a new high for the sar. Great Northern 5%s sold well pove par. outhern T firm above 7 Texas 5s sol Northern Paci ilway general 4s were! Missouri, Kansas and above 86, also a new high for the vear. The principal incentive in the buying in thes ases was derived from the money tuation. Traction Issues Strong. Among the tractions Detroit United Jumped nea points. Specu- ive and higher. in especial demand. here was heavy trading in St. Louis, i Kranciseo 6 around Mondas's high. aboard Air Line first 4% sh a cqualed the hest price so far this year. 1n the foreign group heaviness per- sisted in Japanese 6 although there were evidenoes of support around the low level reached Monday. olivia 83 dropped back a point. Cu- ban 5las were strong and European ssues generally held firm Southern's New Plans. It was reported that Southern rail- way was planning to anticipate ma- turities of the next two or three rs by some new financing in the T | ! | | i 6274 | 60 | 33% | 5% | 6% 38 595 313 | 90 915 18% 23% b1% 1% 4% 15 T% 66% 86 10 874 46% 63% 84 2 Kiwanis Club. per Butter lower; standards, 39 extra firsts. 38a3814; firsts, 36 a37%; seconds, 33a35%. Eggs unchanged: cases, receipts, 42,449 near future.c Today's new offerings included 20,000,000 Puget Sound Tower and Light first and refunding 5'as, due 1943, to yield 5.75 per cent, and $1.- 000 (glifornia-Oregon Power 7 per cent debentures at par. i U. S. STEEL REPORT OUT. | Large Decrease in Unfilled Orders During Month. NEW YORK, June 10.—Unfilled or- ders of the United States Steel Cor- poration on May 31, made public to- day, totaled 3,625,089 tons, a decrease of 580,338 tons, compared with the end of the previous month. The sharp reduction in unfilled or- ders last month brings the total to | the lowest level since November, 1914, | when the corporation had 3,324,593 tons on its books. The May decrease also was the largest drop since June | of last year, when the total of 6,356,- 1 tons was 5 previous mont FOREIGN EXCHA' (Quotations furnished by W. B, Nominal gold v .090 tons belo! Hibbs & Co.) | % checks | today. | London. pound Montrell.” doilar. Fan. . fran: THE EVENING STAR, WASHINGTON NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office | Am Writ Paper 6s. | Asso | Cuba Cane cvd 8s. | Du Pont de N | Empire G&F Ths. (Bales are in $1,000.) UNITED STATES BONDS. Example: 101-3 s. High. Low. Lib 3%s. Lib 1st 4 Lib 2d 4%s Lib 3d 4%s Lib 4th 135, 1601 1011 FOREIGN. Bales. High. ArgentineTs...... 44 102% Argentine 6537, Austria 7s Belgium 7%s. . | Belgium 6s. Belgium 8s. Berne 8. Bolivia 8s. Bordeaux 6s Brazil 7s Brazil 85 Brazil 7%, Canada 55 193 Canada E%s 1 Canada b5 1952 Chile 85 1946 ile 85 1926 Chile 851941 Chile 75 1943. ... Chinese Gov Ry 5s. Christiania 8s. . lopenhagen 5%s ba 5%s......... 74 hoslovakia 85, 9 Denmark 8s. 2 Denmark 6s. DutchEI5%s..... 6 Dutch East I 65'47. 15 Dutch East 1 65'62. 41 Finland s f 6; Framerican 7%s. . French Govt 8s. ¥rench Govt T%s Italy 615 1926. Japanese 2d 1 Japanese ds.... .. Japanese 61gs. . . Norway § Norway 6s 1943 . Norway 6s 1952. E Orient Dev deb 6s. 18 Paris-Ly’'s-Mcd 6. 26 Porto Algere 8s... i Prague Queensland 7s. ... Rio de Jan §s 1946 Rio de Jan 85 1947 Rio Gr Do Sul 8s. alvagor 8s '48. ao Paulo State 3. Seine Dept of Tokio 5s. Ud Kingm 5128’ Ud Kingm 5% Ua Uruguay s Zurich §s 84 781 854, E5 94 ' 93% 104% 104% 984 98 115 115% 100 89% 96 954 1017 101% 89'y 4% 9644 957 85% Ajax Rubber 5. Am SmIt&R 18t 53. Am SmI&R 6s. ... ‘Am Sug ref 6s. Am T & T cv 6s AmT& Tl tr5: AmT& Tcltrds. Am T & T deb 5%s. Am Water Wks os. Anaconda cv db 7s Aniconda 1st 6s. . Armour & Co 412 Armour of Del 5 ated Ol 6s. . Atlantic Refin 5s. . Barnsdall s f 8s. Bell Tel Pabs..... Beth Steel 5%s '53. Beth Steel rf 5s. Beth Steel pm 5a. Beth Steel s { 6s... 22 5 5 Bklyn Edison 7s D Bklyn Union G 5s.. Bush T Bldg 5s '60. Calif Pete 632s. Can Gen El deb Central Lea Chile Copper 6s. “ol Gas & El bs. . 0l Gas & El 55 sta Commonwth P 6s.. Consumers Pow Con Coal Md 1st 5s Cuban-Am Sug 8s. Cuba Cane cv 7s 30 Denver Gas 5s..... Det Edison ref 6s Donner Steel 7 4s. Duquesne Light 6s. e Fisk Rubber 8s. Stockholm,’ crown. By the Associated Press NEW YORK, June 10.—Foreign ex- change steady: quotations (in United States dollars Great Britain, de- mand, 4. cables. 4.31: sixty-day bills on de- | Ttaly. de- . . Belgium, | , 04403 ; cables, .044112. Ger- | demand ' (per _trillion), Holland, demand, .7 Norway. mand, .1346. Sweden, demand, . Denmark, demand, .1681. Switzerland, demand, .1758. Spain, demand. .1244. Greece, demand, .0169. Poland, de- mand, .00000012." Czechoslovakia, de- mand, .0292. Jugoslavia. demand, .0119. " Austria, demand, .000014%. Ru- mania, demand, .0043%. Argentina, demand, .3362. Brazil domand, .1085. ‘Tokio, demand, .41%. Mon- treal, .98 11-32. —_— ALEXANDRIA, Va., June 10 (Spe- cial —Trae bflls in twenty-seven cases were returned yesterday by the regular June grand jury of corpora- tion court. Those indicted for al- leged violations of the prohibition law are: John Robinson, Walter Slocomb, Clarence Fleet, John Murray, Albert Carll, Mamie Johnson, Sarah Johnson, James Smoot, Matin Kerreluk, Edward Werling and Willlam Butler. The following were fined $50 and costs when they pleaded guilty be- foro Judge Howard W. Smith to ol of violating the prohibition law: Edward Waters, Thomas Dar- nold, John Murphy, Raymond Haynes, George Suthard and H. D. Shilver- decker. John Blanck, Ceaser Plowder and Josephine Plowder, ail colored, of Washington, were 'indicted for the atieged dayiight hold-up of the store Max Berman, Ap) A ©f fes Williams, John Lynch, Harry Krause and John Willlams were also indicted for alleged offenses. usiness and professional women last m‘;m ‘were the guests at dinner and jater a novelty entertainment of the Ths dinner was served rooms of the chaml of com- g&‘g:, after which the ,guests were faken to the Young People’s building. 'Tableaux of the days of Washington and ‘were presented in an u style, with many laughable minutes. An _ oid-fashioned spelling boe was m;tgpltlulbh by the teacher of the club. T sieotions, today are beins held in the town of Potomac. Much inter- est has heen manifested in (he out- come. / " R. J. Yates, running for mayor. o the Law and Order Party. whilo Ray G. Cobean opposes him on the essive ticket. P harter has been received by the Relle Haven Golf and Country Club. Work of building the golf course and the clubhouse ‘)':tl:d begin as soon as lans are completed. DA “special meeting of the board of gireetors of the Y. M. C. A. will be held tonight for the purpose 'of devis- ing some plan for the collection of many -subseriptions to the bufiding fund, which aré far past due | Good: | Hershey 6 | Llinois Beti 1st 5s. EIt-43 PR Francis Sug 7%s. . | Gen Elec deb 5s. - car 831941 1942, Humble O s wa ~EletalEa Illinois Steel 4348 Int Mer Marine 6s. Inter Paper bs "47. K CP &Lt 5s A'52. Kan G & El 65 '52. Kelly-Spring 8s Liggett & Myrs Lorillard (P) 7s Magma Cop cv % Manati Sug st 7%s Marland Oil 7%s. . Marland O T%s w. Marland Oil 85 '31. Martand Oil 85 w. . Mexican Petral 8s. Midvale Steel 5s. .. Montana Power 6s. ‘Morris&Co 1st 4%s New Eng Tel5s... N Y Edsn 1st 6%s. N T Tel68'41..... N Y Tel 6s'49. NYTeldles...... Nortn Am Ed 6s... North am Ed 6%s. Nor Ohio T&L 6s. . Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 7%s. ... = e Sudnomalicarman aE8arad R 1 Saks & Cosf7s... Sharon St1H 8s... Singlalr Of17s. . .« Sinclair Oil 6%s... Sin Crude Oil 6s. Sin Pipe Line 58 South Bell Tel 55 So Por Rico Sug Southwest Bell bs. 218 Steel & Tubes. ... 7 Sug Est Orient 78 Tenn Blec Pow 6s. 19 Toledo Edn 1t Ts.. . 2 Union Bag & Pés.. 1 Unit Drugcv8s... 2 U SRub lst rf bs. . 110 U S Rubber 7%s... 13 U S Smelter 6s. 3 USSteelsfbs.... 57 Utah Pow & Lt bs. Va-Car Chem 7s. .. Va-Car Ch T%s w. Warner Sug 7s '41. ‘Warner Sug 7s '39. Western Elec 55 ‘Western Union 61 ‘Westinghouse 7. Wickwire Spen 7s. ‘Willys-Ov 6%s'33. Wilson & Co 15t Wilson&C cv 7. Wilson & Cocv 6s. 41 474 Winchester A 7%s. 12 101 Youngstn S& T 6s. 21 95 About 700,000 women in New City are carning salaries 1% 62% 304 1011 921¢ 97% 110% 1084 59 98% 82% 9 51 - 61 101% 924 97 110 108 59 9% 81% 50 46 101 4% 16 {Fractions represent thirty-seconds. means 101 3-32.) Close. 182 100-14 100-9 100-14 - 225 10120 101-15 100-16 100-30 101 337 101-20 101-15 101-17 2374 101-21 100-17 101-20 US4%se1962. 361 1d3=14 1035 103-14 59t 107"y 101% 2% 93 101% 108 104% 100% 88% 843 98% 83% 97 101% 9456 103% 97% 96 107% 93% 114 79% 100 100% 103% % 624 30% 101% 921 i 110% 108 59 98 82% 50 16 101 947 York D. C, TUESDAY, JUNE 10, 1924, FINANCI AL, —_—————___—— RAILROADS. Baies. High. Ann Arbor is. . 43 ¢o Atchison gen 4s... 52 88% Atchison adj4s.... 10 83 Atlantic€ L 1st1s. 4 90% Atlantic CLcl4s.. 27 84% B&Oprin3%s... 76 98% B & Ogold 4s .24 8% B&OS6s. .. 28 101% B&Ocv4%s 125 89N B & Oref 5s. . .10 84% B&OPLE&WV 4s 22 84% B&OSWdiv3%s. 35 98% B & O Toledo 4. .. 28 Bklyn-Manhat 6s. 185 Buff R&Pitt 4%s.. 15 Canad North 7s.... 14 Canad North 6%s5.. 11 Canad Pacdeb 4s.. 53 Car Clinch & O 5s.. 71 Car Clinch & O 6s.. 9 Central Pacific 4s. 113 Ches & Ohio cv bs.. 53 Ches & Ocv4%s... 93 Chi & Alton 3s. . 2 Chi& Alton 3%s hi B&Q gn 45 '58. Chi B&Q 1st rf 5s. . Chi& K111 gn bs. .. Chi Great West 4s. € M & Puget Sd s, Chi M&St P rf 4128 Chi M & St P cv bs. ChiM & St P 4525, Chi MESLP cv 4348 Chi M&St P 4534, . CM&StPgn 1%s ChiM&StP6s.... Chi& N W 7s. Chi Rys bs ChiR1& ¥ Chi Un e | Chi & W Ind cn 1s. Chi & W Ind 7 oc Clev Term 5s. =g o e DRl - Colo & Sou 458, Del & Hd 1st rf 4s. Del & Hudson 5lés Den & Rio G en D & G Istrf 5s.. -t United 47 ie 15t con 4s. ie con ext 7s fe gends. ... icconvasA.. ny 4s B.. icconvasD.... ic & Jersey 6s. .. ie (I'a) cl tr4s. Gr Trunk sf db 6s. Grand Trunk 7s. @ t' 8 S} U IO krpefed TSN Qe Hud & Man ref §s.. 13 Hud & Man aj 5s Iil Central yef 4s 111 Cent ref 55 '65 11 Central 5155 ap Tr Gs stpd. 46 ap Tran 6s. Int Rap Tran 7s. Int & G Nor aj 6s Int & G Nor 15t 65. Towa Cent 1st 5s. Kansas City Kansas City S 5s. . Lake Shore 4s Lake SHore 4s ‘31 Louis & N 55 B. . Manhat Ry en ds. . M StP & MK&T Gestin MK & T prin 5s A 100 MEK&T4sB...... 16 ME&T6sC 24 MK & T adj 5s....336 Mo Pacific 6s. 25 Mo Pacific 55 '65...121 Mo Pacific gn 4s...286 Montrl Tm st 5s.. 8 New Or Term 4s. N Y Cent deb 65 N Y Centdeb 4s N Y Centribs N ¥ Cent cn 1s '98. NYCenLSecl3 NYC&StL6sA.. New Haven c d 6s. 10 New Haven 7s. .. |NYOnt& Wrefds NYRyrf dsctis.. N Y State Ry 4las. 2 N Y W & Bos 43%s. 54 Norfolk & W cn 4s.1 Northern Pac 3s... 40 Northern Pac4s... 6 | Nortarn Pacriés. 16 Northern Pac 55 D. 36 re & Calif 1st5s.. 3 | Ore Short Lref 4s. 20 Ore-Wash 1st rf 45 30 Pennsyl gen 5s.... 69 Pennsyl gen 4 Pennsyl §%s Pennsyl gold Pennsyl con 4 Pere Marq 15t 5 Pere Mrq Ist 4s |PCC&StLSsA | Reading gen 4s. . | Reading gn 4%s. .. | Rio G West 1st 4s. Rio G West cl 4s.. s RIArk& L4%s.. 42 St L IM&S R&G 4s. 53 StLIM&S 4s°29... 86 StL&SFpl4sA. 217 StL& S F prin 5 StL & SF inc 6s.. StL&SF5%sD. StL& S Fadj6s.. StL&SFplésC StLSW 1stds. S W con 453 & KCShL 4%s. Un Dep 53%s A&Arm P 4s Seab'd A L 4s sta Seab'd A Liref 4: Seab'd A L adj 5s Seab’d A L con 6s Sou Pacific 45 '29. Sou Pacificref 4s..125 Sou Pacific clt 4s. 41 Southern Ry 1st 5s 21 Southern Ry gn 4s.157 Southern Ry 6%s.. 40 Southern Ry 6s ct. Sou Ry Mobile 4s Third Ave ref ds. Third Ave adj 5s. . Tol StL & W 33s. Union Pac 1st 4s. .. Union Pac 1strf 4s Unton Pac cv 4s Union Pacific cv 6s Union Pac 1st It 58 Virginia Ry 1st 5s. Va Ry & P 1st bs.. Wabash 1stBs.... Wabash 2d 5s. ‘Western Md 4s. ‘Western Pacific 5s. 26 West Shore st 4s. 2 Wheel & LE cn 4s. 10 Whel & LErf 4%s 22 21 33 1 1 6 8 116 30 9975 9 6273 88 82 67% €2 49 1 p.m.. 12 394000 Agents Threaten to Make if enforcement cratio convention prohibition flect by w. cessful. engaged its ranks are being swelle out-of-town dry agents ‘We have cut down liquor smuggled Tsland coast 90 per cent in R Q. A large foree and restauran prominent part In the city’s ni had consented through pefls to the padlocking of thel fses for six mromths, TOTAL SALES (Par Value): 11a.m.. 5653000 12 noon 10 166000 2p.m.. 14314000 DAM LIQUOR INFLOW. cratic Convention Dry. NEW YORK, June 10.—New York will give a dry welcome to delegates and visitors to the national Demo- the plans of officers stop the flow of liquor from the rum of Long Island are sue- already n mopping up the city the amount of in along the Long Merrick, divisional prohibition chief, declared today. On the heels of this announcement came news that four more cabarets ts which have playved a [ovw v BONDS o ] Received by Private Wire Direct to, The Star Office. 80 | 8114 | 9l 1% 106% 92% 2 | Demo- to is and daily 1 the last ight life their attor- prem- | as soon as trading began, the steepest | Juix | Reptember GOOD BUYING NOTED IN COTTON MARKETS Early Price Advances Fairly Well Maintained in Later Transactions. By the Associated Press. NEW YORK, June 10.—Private re- ports of rains in the touth were fol- lowed oy an opening advance of 9 to 17 points in the cotton market to- day. A little selling on the relative- 15 casy showing of carlier Liverpool cables” was readily absorbed, prices advancing to 28.00 for July and 25.75 for October in the early trading, or 24 to 37 points net higher. Sellers on better weather reports yesterday ap- peared to be buying on the advance, but offerings increased slightly at| the higher prices and gains were not | fully maintained. Cotton futures closed quie! NEW ORLEANS, June 10 ton market opened a shade better, but comparatively quict. First trades were 3 to 8 points above the previous close. Right after the opening call ~The cote there was a spurt of buying, based | on a better Liverpool than expreted | and private rep: 2 ts of scattered rai in the belt, shorts to which started shorts to covering. 'Prices advanced sharply, July trading up to 25.05, October to 24.87 and December to 24.62, or 29 to crday. The market ruled steady at the advance, waiting for the weather map. Cotton futures closed steady, 3 points down o2t o g losed steady. points dow: LIVERPOOL, June 10.—Cotton spot, quiet; prices casier. Good middling, 18.01; folly middling, 17.51: middling, 17.01; low middling. 16.16; zood ordi- 15.16 ; ordinary, 14.66 5, 4,000 including 3,200 American, R 5.900 bales, including 600 Ame tures closed quiet, but steady me. 17.10 ; July, 16.69 ; October, 15.16 ; December, 14.77; Jannary, 11.66; March 14.52; May, 14.27, Today's Chicago Prices. CHICAGO, June 10.—Sudden Jumps of more than four cents a bushel in the price of wheat took place today upturn witnessed in months. An- nouncement that the government es- timate of the 1924 winter crop vield had been reduccd 44.000.000 bushels was almost fully responsible. Few, if any. traders had been fully preparcd for such a big cut in the official esti mate, and after consequent flurricd buying had subsided the market re- tained the greater part the ad- vance. Opening figures, which ran 1% to 434 cents higher, with 1.06 to 1.07% and September to 1.09%, were followed by a risc in some cases to 4% cents above ves- terday's finish and then x reaction of about one cent from the early top level Corn and oats went higher wheat. After opening % to 1's ce up. July 791 to 793, the corn ma i Points above the closing of ves-| with | TEN-CENT FARE POOR REVENUE PRODUCER Local Rapid Tranmsit Company Reports Decrease in Income For Month. DROP OF $475 OVER APRIL 38,932 Fewer Passengers Carried Under New Rate. Arc BY CHAS. P. SHAEFFER. The new rate schedule of tha Wash ington Rapid Transit Company, pu: into operation on May 1 last, ana Providing for a 10-cent fare or thre- tokens for 25 cents, was not a marked success during the first month, accord- Ing to statement of earrfings filed witt the Public Utilities Commission momning, The increased charges resulted in : decrease of 28,932 pay passengers and a decline in net corporate incom: f'»r the month of $475.63 as compared With the previous month, namel;, 3 6.08 and $4,451 71, respectively This loss occurred despite the add: tion of one extra day in May and th operation of 4,670 than i 5 pre { cnirgodoft 7 May et onie ™ about $750 less than for the period. Thit X busses erated during the peri cussion. Total ‘operating revenue last mont! amounted to $30,676 and expenses Eregated §. 4. In April the: amounted to 508 and speétively, the report shows . Pay passenzers carried number 240,369 in May 88,119 paymng straight ten-cent rate, the rem: at 8§13 cent In April a total o {301 eight-cent passcngers w ried. tiri live miles mor were op under d New Bond Issue Offered. A new issue of 31,500,000 of © cent twenty-year sinking fund « vertible gold debenture bonds of 11 California-Oregon Power Compan: due in 1944, is today being offered th public at par and interest to vield per cent. This offering is part of an anthor ized issue of $2,000.000, and opinion of counsel, will obligation of the com agrees that it will pluce mortgage on its p n these debentures are ratahly secured thereby. The additional $300.000 dr bentures authorized may only be | sued under conservative restriction: A semi-annual <inking fond w be provided to retire the jssue befor maturity, Loeal Exchanze Quiet. With the exerption of a logs of ane point in Mergenthaler. stock price on the local exch: were darmant morning typesetter sold | o only lots changin: ands | Capital Traction sold to the extent of four shares at 94%, while Was inzton Gas fluctuated between 4 and 48%. the trend being down- Union Trust Company brousz whicl no addition:| odd were agai consol 5 ket showed but little tendency to ease back. Oats started %a% to er, July 461z to 46lea’s. continued harden. Provisions were weak drop in hog values WHEAT— Open owing High [EEN 110 1123 Low December CORN— July .. September September RIBS— July DAIKRY PRODUCTS. BALTIMORE; June 10 (Special).— Live poultry—Spring chickens, pound, 5. leghorns, 30a40: old hen: old, 2 : 0ld roos! i) . Dail Eggs (loss of)—> firsts, dozen, 26; southern, Buiter—Creamery, good to fancy, a42; nearby creamery, 28a3l; print: 42a44; ladles, 30a32: tolls, 28a31: store packed, 28; dairy prints, 2%a3l. Process butter, 34a35 NEW OIL OFFICIAL. NEW YORK. June 10.—J. A. Mof- fett, jr. a director of the Standard 0il Company of New Jersey, has been elected vice president to succeed Asche, who died recently after automobile accident, in which wife also lost her Hf RAW SUGAR ADVANCES. NEW YORK, June 10.—Early ad- vances of 3-16 cent in the raw sugar market today carrled prices to a ba- sis of 5.28 duty paid._ Sales included 20,000 bags of Porto Ricans and 5,000 bags of Cubans at 5.16 and 16,000 bags Cubans and 28,000 bags Porto Ricans at 5.28 to iocal refiners and operators for June shipment. SALE OF ROAD DENIED. NEW YORK, June 10.—Arthur Cur- tiss James, vice president and a di- rector of the El Paso and South- western railroad, denied reports that the sale of the road to the Southern Pacific Company was under negotia- tion. He stated that the Phillips Dodge Corporation, owners of the property, would not dispose of it un- less forced to do so by the conmsoli- dation plans of the Interstate Com- merce Commission. HIGHER DIVIDERD VOTED. NEW YORK, June 10.—Directors of the Chicago and Northwestern Rail- way Company today declared a semi- anmmal dividend of 2 per cent on the common shares, definitely placing the stock on a 4 per cent annual basis. The last semi-annual payment was 1% per cent which, added to the previous dividend of 23 per cent, brought total disbursements for 1923 to 4 per cent. The regular semi- annual preferred dividend of 3% per cent also was declared. EXTRA PAYMENT MADE. NEW_YORK, June 10—Island Creek Coal Company declared an ex- tra dividend of $1 on the common stock, in addition to the regular quarterly dividend of $2. The quar- terly dividend of $1.50 on the pre- ferred also was declared. Another industrial company. National Licorice declared an extra dividend of 2% per ocent on the common and the regular semi-anmual of 2% per cent, also the quarterly dividend of 1% per cent on the preferred. NEW YORK EGG PRICES. NEW YORK, June 10.—Eggs, firm; receipts, 46,011 cases. Fresh gathered extra firsts. regular packed, 28a%st; do. stora do. firsts, do. storage, seconds and anorer, nearby hennery white ccted extras, 3fa 36; nearby and nearby western hen- nery whites, firsts to average extras, 287%2a33: nearby hennery browns, cx- tras, 32ad4. n his packed, P e Some graduates will begin at. the bottom, and some have fathers with a few more thousands Lo » 4 cents high- | and® then . D. | ROCKVILLE. Md. June A Chiswell mercantile business and Beallsville, th county, died on Saturday at his hom in Frederick County, where he had lived for several years. He was sev- enty-two years old. His death due to pneumonia and an affeetior of the heart. He is survived by his | widow, foqrmerly Miss Susan Gott o i nd threc daughters were bheld th hapel at Monocac le. Burial was i (Sp: for man Dawsonville wa morning at the cemetery. Beallsy Monocacy cemete When ~ the volunteer { Rockville visited the home | ard E. Harmon. in the eastern | tion "of "Rockville, in respon: firc alarm early yesterd faund the blaze in a bureau and a mouse are believed been the cause. As a result of « collision on_the Rockville pike, near Rockville, Sun day, James Doy, @ YOung negro, was before Judge Samuel Riggs in the police court here vesterday on i charge of reckless driving. He was fined $100 and costs. Doy's machin. was wrecked and one of his com panions, Arthur Offutt. colored, « this vicinity, was injured. Licenses have been issued by tk clerk of the circuit -court here fc the marriage of the follow: James A. Stone, uged twenty-fou: and Miss Hazel C. Ashford, twent: one years old, both of Washingt Barney B. Bullock, twenty-fou Stafford County. Vi and Miss Fdn E. Morgan, nineieen, of Irederick burg, Va.; Richard J_ Titus, twent: - six, of Hawthorne, and Mis SyT: M. Kemp, twenty-five, « Washington, and Guy H. Wood, twen ty-eight, of Hyattstown, Md, an Miss Alice D. Owens, twenty-six, « Brookeville, Md. Myers Maddox, colored. of St. Mar: « County, Md., started out into thi~ county Saturday night to visit brother near Chevy Chasc. He wa arrested on a charge of drunkennes and carrying a concealed weapon, and in the police court yesterday wu sentenced by Judge Samucl Riggs nine months in the house of correc tion. Rev. C. K. Ray of Washington. for mer pastor of the Methodist Church at Poolesyille, this county, delivere: the baccalaureate sermon tp the grad uation class of the Poolesville higl school, Sunday evening. The annual closing exercises of the high school at Farland, this county, were held last evening. They wer: conducted by the principal, Prof. Wil liam E. Furnas, who gave a short talk and presented medals, diplomas and certificates. The address _to the graduates was delivercd by Rev. I Rowland Wagner, pastor of the Rock ville Baptist Church. The graduate ‘were Catherine Baker, Warren Adam«. Woodward Clark Adams, Truman H Cissel, James Earl Lehman. Sewenteen normal school graduate all of them members of this vear graduating class of the Maryland State Normal School and all but on: resident of Montgomery County, will be added to the teaching force of th. county at the beginning of the nex school year. They are: Misses Flor ence B. Brooke, Savilla Nelson Burn: Ocie E. Dodd, Ethel Mary Garne: Anna Gilpin, Catherine Wessel Hincs Elizabeth Hicks, Ellen Marle Law: Ethel Loraine Luhn, Constance Cloug Mullinix, Elsje May Pearson, Sara Virginia Powell, Loretta Kathrsn Schwartz, Beulah Russell ry, Mar Evelyn Watkins, Helen Cecilia Welsi and Anna Youns. —_—— PARIS PRICES HEAVY. PARIS, June 10.—Prices were heav ®n the bourse todas. ree per cent rentes, 52 francs 80 centimes Ex- change on London, 85 francs $0 cen- times. Five per cent loan, 67 francs 45 centimes. The dollar was quotci at 19 francs 87% centimes. RAW SILK PRICES OFF. NEW YORK, June 10 (Special) The raw silks slipped in toda after showing considerable strengtih Monday, and prices declined 10¢ o pound on most Japanese grades. b markets there were no marked price chanzes and quiet prevailed. T'rint cloths again were 95%c for 64 by 60 and 10%e for tiremen of R 1o the Matche to hai- g After remaining dumb and feign- madness for a year, a Frenc minal was recently sentenced to fifteen years' labor. He prompt. beoke his silence with a confession, | 1