Evening Star Newspaper, June 18, 1924, Page 28

FINANCIAL. |BANK’S RESOURCES TOTAL $1,772,234 Potomac Joint Stock Land Officers Aid Hundreds of Near- by Farmers. * FINANCIAL THE EVENING STAR, WASHINGTON, D. C. ‘WEDNESD‘AY JUNE 18, 1924." NEW YORK STOCK EXCHANGE | |PRICES FLUCTUATE I ~ New vork BN srocx Excmucnl Received by Private Wire Direct to The Star Office IN BOND TRADING Received by Private Wire Direct to The Star Office. FOREIGN. (Bales are 1n $1,000.) Buying Less Active, But Some Op- Sales, High. UNITED STATES BONDS. timism Prevails Over Fu- Argentine b. .9 8ly 81 81 (Fractions represent thirty-seconds. Argentine 6s°37.. 314 92% Example: 101-3 means 101 3-32.) ture Prospects. 92 924 Argentine 7 . 1102% Sales. High. Low. Clove. Lib 3%s HOLD " 28 LIST TURNS HEAVY IN CLOSING TRADING! Slowdown in Industry Used as Bear Factor During Drive Agamst Stocks. RAILROAD SHABES ACTIVE | Public Service Issues Weak for| First Time in Two Weeks. Railway Company Will Soon Offer $2,496,000in Bonds The Public Utllitles Commission today authorized the Washington Railway and Electric Company to sell $2,496,000 worth of face value general and refunding mortgage bonds to be used partly to retire other outstanding bonds and to reimburse the company for ex- penditures made. ‘These bonds are part of a $10,- 000,000 mortgage authorized by the Public Utilities Commission last September. They are ten-year 6 per cent gold bonds, dated Novem- = Open. High. McCror C pf (7).. 1024 1023 Melutyre (75¢).. 16 16 Muck Trucks (6). Ke% B514 Mack T1st (7). 96% 86% Macy RH& Co.. 634 63% Mugma Copper 264 Maracaibo Oil. 27% Martand Oil. 30% Marlin Rockwell. 11% Martin Parry (3) 33 Mathieson Alkali 434 Maxweli Mot A. . i Maxwell Mot B 134 Mar Dpt St (5) £8% Mex Seaboard(2) 20% MexSeabd ctfs(2) 20 Miami Cop (2) 20% Open. High. 6ls 6% 30t 30% 9 9% 7 7 1% 1% 2% 12% 115% 116 49 49% 93l 93% 119% 119% 40 40 25 26 BI% 8% 108% 108% 109 1094 160% 160% 16% 16% Low. 102% 15% BaK 96% 63% 26% 27 0% Close. 1021 15% 86 9644 6317 264 27% Bow 33 41 47% 12% Adv. Rumley... Low. Closs. Adv Kum pf (3). Air Reduct (4) { Ajax Rubber Aluska Juneay. .. Allied Chem (4). AlC&DpL(T).. 102% 102% Austria 7s. 44 91% 91 91% 217 101=5 101-1 101-3 Belgium 6s. 12 100% 100% 100% | Lib 2d 4s. 1 101-1 101-1 101-1 Belglum 7%s 43 105% 105% 105% | Lib 1st 4%s 88 102 101-30 102 Belgium 8 9 104% 104% 104% [ Lib 2d 4%: . 857 1019 101-5 101-5 Berne 8s... 2 109% 109% 109% | Lib 3d 4% . 284 107- 101-30 101-31 Bolivia 8s 16 92 91% 91% [Lib 4th 43s.. 1130 102-5 101-31 102-3 Bordewux § 24 85 BUs B4 USAUsIseZ. 331 10431 10424 10428 razil 7s. . 50 B87% & Brasil 73%s. . . 7 98% 98% 98% RAILROADS. Brazil 8s 23 98% 98 98Y; Bales. High. Canada 5s 1931 4102 102 102 83% Canada 5s 1952 17 102% 1024 102% 90% Canada 5%s 19; 41 102% 102% SZ% LIBERTIES STEADY TFIRST REPORT IS MADE Am Bank N (5). Am Beet Sug (4) Am Roseh. ... AmBrS& F (5). Am BS&F of (7). Am Can (46) . AmC&F (12) | Am Chicle. Several New Offerings Put on Sale During Session. Railway Preferred Stock Again Low. Closs. Pt Shows Strength. 90% 904 8 86 92 92u Atchison adj 4s... Atchison gen 4i Atlantic C Lcl 4 W BY GEORGE T. HU 1024 | iantic CL, 1at 45, BY CHAS. P. SHAEFFER. Specinl Dispar NEW YO June 18 to the front in the following the this mornin | today and n the industrial quarte < the standard divi Kot esday wdown in fis time. it pavers that buvinge for cuons, « 1 of the heginnin wn inereaxe in in view of th jtuation. this discussion would were The street | ik again tend, al- Am & F P 25 | T Hide & Am Tee Am Ice pf (6. Am Intern Am LaF P E(1). Am Locomo (8. Am Loco pf (7). Am Saf R (30c). Am Sm & Re (3) {AMS & kopr (7). mat Tab. . |Am T & Tul (9. AmTel & Tel rt. very prematu York Central w active gher prices, arfolk i dropping b Among the ils radlizin wer in R rallied ppea k and wa iniuenced b ihern Pacific beo t the two roads as a mers possibility | time Unsert ontinu wioeh around for some time was also st <ho port for in the sale wo mpared with $10, poriod of 1923, com- i i | | | it Ve - vear | Comparr it the tire N | b amoars wall fixe Breaks. Bool vieson nt Alkali. | in the new | abruptly | i s of well o mo-t re i quarter’s to over twi nd requirement ance for i is b com- Dry Gouds Sales Ao ons @ vd improve- the first in tie five corr 5| and not "W Ability to as on fallin markets time dispis proft-ma nunsily curnings cap city v selling in Atlantic Refinin stock to the lowest poind | v time since its - | ' to the stock exchan il ot a 800 per cent stock dl\lllrnd' (ntic Refining common at i quoted at 987, Atlantic R J Homsip had it can no longer b ' tundard Oil stock be- | cndent stand. It Refining is any less o Stand- Oil unit now than it has been in it is news fo the rank and reet. or today o tha its inde the comr e | reports | mpans | won't fall in line with | Am Tol 2).. Am Tob R (12, Am Tob pf (6) Am Woolen (7). Am Zine. Am Zine pt Anacanda. . . Arm pf Del (3. L1y, A! T& \ Fe lfll | AT&SF pf (5) 1 Const L (1x), Atlan Fruit ¢ AtGuIf & W I AtGulf & W I pt Avlan Auto Knitter. | Bald Loco (7). & Ohlo (5) i & Oh pf (4). Barnsdall A. . Bayuk Cigar. . ... R'ch Nut (240) .. Reth Steel (5) Beth Stl pt (7) Booth Fisheries. . Brk Edison (8). Ty kMan Tran. . | Rr Mar T pf (81, Brilyn'n G (4) Butte C & Zine. Butie&Superior Cal Packing (6. ol Vor o932, | Cal Pet pf Ariz Calumet & H Can Pacific (10) Cent Leather Co Cont Tea Conf ent R M pf (7). de i'as C (41 nd Mot (61 T & Ohio (4) rh &Opf 6%). | Chicago & Alton. Chic & Alton pf Chic Gt West. . Chic Gt West pt Ch Mil & St Paul. | gr Mil & st P pe. Chi & Nwn (4)... Ch & Nwn pf (7). ChicR1& Pac.. CRI&Ppt(6). CR1& P (7). | Chi Yellow C (4) Chile Cop (23%) Chino Copper... .. ~aca-Cole (7). Colo Fue! & Iron. Southern & T 02 R0 arhon (4).. Som Ir Tr (6ic) S0'v A (4) |ComSoIvB. . .... Congoleum (3). Consol Gas Consol Textile. Cont Can (4). Cont Motors (20c) Corn Froducts. Cosdex Co. Crex Carpet Crucibie St (4) Crucib Stl of (7). Cub Am Suz (2) Cuban Cane Sug. Cub Cane Su pr.. Dan! Boone M (3) David-on Chem. De Beers Mines. Vel & Hud (9) .. | Del L& W (6) \dvance Moxt Vital. doubt, Grain Without happening: o by far the m nee in wheat has ontinuous since the | » government report | 1 pri cents a bushel. The day's | upturn in corn was even sharper than wheat The most important in the trade news of the day was the weekly ummaries of iron and steel conditions. The p drawn by the Iron Age was rather dismal In the afternoon the buying move- ment in the rails subsided and the whole list became heavy For the first time in nearly public_service stoc Aary. i one exce n Union €< w high around 66. RUBBERS HEAVILY SOLD. contribution Feature of Late Trading—Close Is Irregular. Br the A NEW yrice e Prese YORK, June 15 snts marked today -k tradin tain roof weekly other business r the expansion of though hesitating swept asid newed i ~Conf the cou The uncer- e and o uraged commitments, al- tendencies were by re- Selling moveme and oil imated 700,000 sing Was Selling r shares became more exten- final hour on reports of carrying Kelly-Spring- tnd” preferred 6 per s lowest level. Other uncertainly, the rength of Woolworth, United Drugs *ast Iron Pipe contr: heaviness of pivotal is Sales ap- With the unsettled; Bonds, libertie minor for- lower. French Cotton ad- vanced: bullish weather re- port. Sugar h trade buying. Coffee strong: good $pot glemand. Chicago — Wheat firnt; bullish cables. Corn strong; unfavorable weather. Cattle steady to strong. Hogs higher. rails have advanced. eign issues Foreign exc francs strong: week ghe STRAWBERRY SALES DULL Special Dispateh o The Star. NEW YORK, June 18.—The straw- berry market was generally dull and weak today with liberal receipts and a comparatively light demand. Ow- ing to the irregular quality and con- dition of fruit, prices ranged from 8 to 16 cen ver quart. Gooseberries sold slowly at 10 to 18 cents a quart, while four-quart baskets rang=d from 65 to 75 cents. Barreled apples of ‘fancy quality met_a fair outlet, but inferior stock received little attention. “A" grade 214-inch Baldwins sold from $4 to $5 per barrel, and russets brought mostly $4. Dot Ed Co (8) Dome Mines (2) Doug: (1) DuPtdeN (8)... Lastman (1642) Stor Bat (4) ! End-John (5) End-Johu pt (7). Erie. . Erie 18t pf Erie 2d pf. . rbanks-Morse. amous L'l (8). F'd M & S pf (7). Fifth Av B (6%c). Fish B O pt (8) k Rubber. . | Fisk Rub pf A Fleishinan (3). Freeport-Texas Gen Asphalt...... General Elec (8). Gen El spe (60¢). Gen Mot (1.20). Gen Mot pf (6) . Gen Mot db (6) Gen Mot db (7). en Petm (2). n Refr (4). | Gimbel Bros Gin.bel Br pf (7) Gold Dust. . Goldywn Pict. . Goodrich Goodyear pf G'dyear pr p! Granby Consol. Gt North pf (3). Gr Nor Ore (3). Gr Canan Cop...... Grt Wstn Su (8). Guantan Stear.. Guif Mo & Nor. . Gu Mo & N pf (5) Gulf St Stl (5) Hayes Wh'l (3). Househ'd Pr (3) Houston Oil. Hud Mot C (3)... Hupp Mot C (1) Tilinors Cent (7) Irdian Refining Ind Ref pf (7). inspire.tion Cop interb Rap Tt Int Cement (49 Int Com Eng (2). Intern & Gt Nor ... Internat Har (5) . [nt Mer Marine. Int Mer Mar pf. Internat Nicki Internat Paper. .. Int Pap pf st (6). Int T&T (8). Invincible Oil. Jones Bros Tea... Jordan Mot (3)... Kan City South. Kan C Sopf (4).. Kayser pf (8) Kelly Spr Tire. Ke: Sp T pf (6 Kels Wh pf (1) Keune Cop (3). Keystone T & R. Kinney G R Co. Kresge SS (8) . Leh Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4) Loews Inc (2) Loft, Incorpor. Loose-Wiles Bis. . Lorrillard (3). Louis & N'sh (6). Ludlum St (2)... 95 5% 874 814 21 10% 3% L1118 4013 141 146% 12 4z @ 4 795 . 104 88% 6% 16 61% 67% 348 sl 65% 8% 1% 105% 7 754 23% 231 44 25% 21% 864 8 32% 1" 4% 73 4% 12% 20% 25 20 53% 88% 134 45 8 83% 14% 47% 73 6% 12% 20% 284 20% 63% 884 13% 45 67 28% 23% 44 23 27% 86% 8 82% 14 467 8 T4% 12% 20% 25 20 53% 88 12 44% 44 105% 105% 105% 105‘4 543 584 +60 16 5% 58 37 93% 20% 9% ¥ 1% 59 380 43% b4y 54% 60 15% 6% 58 87 23 20% l\ 59 380 43% 54% B4% 60 15% 5% 58 37 93% 12 Middle St Ol. . 2t M StP&SSM pf 4 57 Mis Kan & Tex. . 13% Mis K & Tex pl. Missourf Pacific. Miscourf 'ac pf. . Mont Power (4) . Manigom Ward. Mother Lo 3712c. Nat Biscuit (3) Nat Dairy (3). Nat Lead (8). Nat Lead pf (7) Nat Sunply (3). NewO, T&M $23% N Y Air Br () N Y Central (7). NYC& St (6). N Y Ont & West. . Norf & W (18)... North An.er (2). rth Am pf (3). Hos pf (7). s 11 Bley pf ( Bot (1) PacG & 1 (9). Pacific Ol (2). Packard (120).. Par Amer (4).... nAmer B (4).. PennC & C (4) Peop Gas Ch (7). Pere Marq (4) Phila Co (4 ... Co pf (3) AR RE&I. 1 Mor (500 wnnup-« Pet (2) Arprof (5). ree Ol Tisres O nf Vitts Stl pf Pirts U pr 1.6 it gt ¢ W Va pf (6) tum Cer (4). ! 1C(4).. | Public Serv rts. .. Pub S NJ pf (8). Puliman Co (8). Punta Al Su (5). Pure Ol (1%). .. Ray Cons Cop. Reacing (4) Reading rts 104 124 514 21% 10 55% 21% 34w Rey Tob B (3) Rossia Ins A (§) Roy D't h (3.48) Royal Dutch rts St LSt pf (5) Savase At Schulte (8) . chulte DI (8) . Sexbourd Air L b'd Air L pf r< Roe & Co Sears Roe pf (7) Seneca Copper. hell Un O11 (1) mmons Co (1). mms Pet. .. Sinc Con Ol (2).. Sin Con O pt (8). Skelly Oil.. So P Rico Su ( th Pac (6)... thern Ry (5). South Ry pt (5).. Spicer Mg Sud Gas & E1 (3). St 01l Cal (2) StOiNJI StOiI N Tt (1. Std Plate Gl(75¢) tew't War (10). tromberg C (8). udebuker (4) Sabmarive Boat.. Superior Oil. . Tenn C & Ch. Texas Co (3).. Tex Gulf (16%). Texas & Pacific Third Avenue. . Tide Wat Oil (4) Timken (13%). Tob Prod (6). . Tok Prod A (7). Transcont Oil. . . Twin City pf (7). Underwood (3) Un Bag Pa (6) Un Pacific (10) in Pac pf (4) Un Tank Car (5) - Un T Car pt (7) .. Utd Alloy Stl (3). Utd Cigar Stores. United Drug (6). U D1stpf (3%). Utd Fruit (10). .. Universal Pipe. .. s Castlron P.. USCIP pf (D). U S Distributin 0 S Ind Aicohol. . USH& im @ U S Rubber. USR 1stpf U S Smelting. .. USSm'tpf (3%) U S Steel (16) U S Steel pf (7). Utah Copper (4).. Utah Securities. . Va-Caro Ch pt. Va Ry & Power. Vivadou. Wabash Wabash pt A. Web & Hellb (1) . West Pen (4) ... West Penn pf (7). West Maryland. . West Mary 2d pf. Western Facific. . West Pac pf (€). West Air Br (5).. West E & M (4) Wheel & L Erfe . Wheel & L Er pf. Wh Eag Oil (2).. White Mot (4). .. Wickwire Sp Stl . Wilson & Co...... Willys-Overland. Willys-Over of... 67 Woolworth n (3).. 100% Worthington Pum 25% WthPptB (6).. 62 WrgWJr@)... 884 Wright Aero (1). 10% Yeliow Cab (5)... 47 {Partly extra. Divigena rates are the snnual cash bay: latest quarterly ‘or Dniess othierwise uoted. dividends are oot included. High, Low. Last. Call Money. ooy HOURLY SALES OF STOCKS. am 180,100 293,400 1pm SPI.END]JJ HEI.ON CROP. ATLANTA, June 15.—The Georgia melon crop now is moving in quanti- ties. The hot weather following rain 474 193% 184 93% 924 24% 66% 9612 254 T2% 19315 187 965 92% 25% Tl 974 254 2% 20% 39 96% 120% 68% 29 70% 59% 934 19 23% 54 1% 5 % 66% 99% 25% 62 38 54 1% 6% % 67 101% 26% 62 38% 10% 10% 50 6% in preferred 1% 5 % vearly declarations. extra or special has ripened the fruit to an ideal condition and growers are realizing| ‘handsome profits, | consotidate | Generally 1 Dispateh to The Star. NEW YORK, June 18.—Trading in bonds went on today at a more mod- erac pace, but with no diminution of the optimistic feeling as to the future. There was no change in thy money situation and many bonds have vet to adjust their price level to the nurrent charge r time funds. This discrepancy is purticularly evident in the foreizn group where the returns e ro la The argument i that e it & per cont measured the risk in a foreiEn bond six months ago, the same risk can be measured uch return toda bonds w ‘qualed their recent high s sold esterday’s peh Citfes 6s alvo held up ird e x,.hu«h d with- s and enstill American the high and 6s and south ted ns In the zil 8% equ 9 Both Q e 1igher. the Braz S5, both the non-callable, a importance in money ried honds, no Norway. Republic < had a sharp run-up nearly x new high record Loan Quiet. zovernment Like i northern Buropean Holland _and PPanama erty notes Appar- hand, q gained. On o tions were not m: ally lower the fourth 415 Libertys we in the first half of the ¢ In the high-grade railro Pennsylvania nunuu’nl.nl-d vanced a point which, howev only making up the loss of yesterday. This mroup was slightiy rails were irregular and Western \n with the stock an Fran- and low- st Chester the indisty w higher. 18x were | ive orfolk tive W first 6s A e per cont: $1,540,000 r Y. 4158 serially 434 at pric 1 from 3.65 to 410 per cent Minneapolis, St. Paul tWo-year yield railway G Lo Atumin Aloniin Auer ern U Westin U.S. TREASUB.Y CERTIFICATES /Quotations furaished by Redmond & Co.) Noon. Offer. S 100% 4148 D 4% March “%s March June 13 - Stock of Record. June 24 July 11 w \\m.! v o o do STOCKS EX-DIVIDEND. 0 —White Motor C Jun ~Worthinzton 1 & 3 i ||( Al June TR tem Ky Co gta. Typewrit ist pf. 1—Indian Motorclele Co pf tem. . 1—Pettibone-Mulliken Co 1st pf.. FOREIGN EXCHANGE. (Quotations furn.sted by W. B. Hibbs & Co.) Nominal - Sellig checks old val toda, pound ollur. frané drachma peseta ... Athens, Madrid, crown. ... crown . crown Chriatinnia. Stackbolm, By the Axsociated Prexs. NEW YORK, June 18.—Foreign ex- changes irregular. Quotatfons (in U. S. dollars): Great Britain, de- mand, 4.32 1-16; cables, 432 5-16; 60-day bills on banks,' 4.29 13-16. France, demand, .0536%: cables, Italy, demmld. -0433; cables, Belgium, demand,’ .04661! .0467. Germany, demand (per 23%. Holland, demand, . demand, .1345. Sweden, Denmark, *demand, demand, 176715 Greece, demand, demand, ..00000012, demand, .0291. Jugo- .0115." Austria, de- Rumania, demand, demand, 3262 Tol de- 98 9 cables, trillion), n, demand, i7s. Poland,” Czechoslovakia, slavia, demand, mand, 000014 %, .0041." Argentina, Brazil, demand, .1070. mand, 41%. Montreal, TODAY'S METAL PRICES. NEW YORK, June 18.—Copper quiet Blectrolytic spot and futures, 12% Tin easier; spot and futures, 43.50. Iron_ steady and unchanged. Lead steady: spot. 17.00a7.25. ~Zinc qulet; 7ast St. Louls spot and nearby, 5.80. Antimony, spot, 8.5 | | | | Chile 78 1943. . Chile &8s 1szc.. Chile 851941, Chile 85 1946. Chinese Gov Ry 5s. Copenhagen 5%s. . Cuba 5%s. . Czechoslovakia Ss. Danish Munic 8s A Danish Munic 8s B. Denmark 6s. i Denmark 8s. Dutch ET5% Dutch East I 6s'47. Dutch East I 6s'62. K1 Salvador $x'4 D39 1 1 17 8 5 . 58 Finland s f 6s 1945. 3 Framerican 7%s French Govt 7% French Govt 8s. Ttaly 6165 1926. Japanese 4s Japancse 1st 414s.. Japanese 2d 4. . Japanese 6%s. .. .. Jergens U M 6547 Lyon 6s. . Marseille Montevideo 7s. s 1942 Orlent D Paris-Ly's-Med 63. 3 Porto Algere 8s Prague T¥%s. Queensland 6s. . Queensland Ts. . Rio de Jan 85 1946. io de Jan 8s 1947, 0 Gr Do Sul 8. o Paulo City 8s... o Paulo State §s. rbs Crote: Sweden 68 Swiss 51t Ud Kingm 5 Ud Kingm 5% 97% 103% 107 106% 43 1% 96% 96% 108'% 109% 9% 110% 884 94% 94% 101% 97 103% 106 105% 43 91% 95% 96% 108% 109% 97% 110% BTl 94% 94 101% 89% 9% 98% 101% 100¢ MISCELLANEOUS. \Jix Rubber ns Am Agr Che: Am Agr Chem 7% Am Chnin = f 62 Am Cotton Oil 5s pub deb s . Am Smlt&R 1st 58 Am SmIt&R 6s. . Am Sug ref 6s. ... Am T & Tcltrds. AmT& Tcltrbs Am T & T deb 6 AmT& Ty 6s Am Water Wks 5s. Anuconda 1st 6s... Anaconda cv db 7 Armour & Co 4 Armour of Del 5 Assoclated Ol 6 Atlantic Refin | Bell Tel Eraden Copper. Brier HSt1s15 Bklyn Ed gen 5s® Bklyn Edisc Bush T Bldg Calif Pete 6128 Central Leather 63199 Cerro de P; Chile Copper CinG&E5% Col Gas & El 58 Commonwth P Con Coal Md 1st 55. Consumers Pow 53 Cuba Cane cv 7s '30 Cuba Cane cv d 8s. Cuban-Am Sug $s. Denver Gas 5s. Det Edison ref 6s.. Du Pont de N T%s. Duquesne Light 6s. Est Cuba Sug. Empire G&F Fisk Rubber 8s. Francis Sug T12s.. Gen Elec deb 5s. Gen Refractres 6s. Gondrich 6%s. Goodyear 85 1921.. Goodyear §s 1941.. Hershey 6s 1942 Humble O&R 5 Illinois Beii 1 Ilinois Steel 4%s. Indiana Steel 5s. .. Int Mer Marine 6s. Inter Paper 5s'47. KCP & Lt 5s A'52. Kan G & El 65 '52.. Kayser (J) 78..... Kelly-Spring Lackawa S 5s '50 Liggett & Myrs Ts. Lorillard (P) 7s... i Manati Sug st Marland Ofl 7% Mexican Petrol 8s. Midvale Steel 5s. .. Montana Power 53 Morris&Co 1st 4%s Nat Tube 1st 5s. ew Eng Tel 55 CaoBuma = o 2 N Y Tel 4%s. Teloudi or States Pow bs. \or States Pow 6s. Northwst B Tel . Otis Steel 7%s. Pacific Gas & Ei b8 PacT & T 1st 5s. .. Pacific T& T .Ss ‘52 Phila Co 5%s "38... PhilaCoref 6sA.. Phil & Rdg C&I bs. Plerce-Arrow $s Producers & Rf 8s. Public Service 5s.. Pub Serv Elec 6s. . Punta Alegre 7s... Sharon St H 8s Sinclair Oil 6%s. . Sinclair Oil Ts. Sin Crude Vil 5%s. Sin Crude O11 6s Sin Pipe Line 5s. South Bell Tel 5s Southwest Bell bs. Steel & Tube 78 . Tenn Elec Pow 6: Tide Wat Oil 6%s. Toledo Edn 1st 7s. Unit Drug cv 8s U S Rub 1st rf 68 U S Rubber 71%s. U S Smelter 6s. U S Steel s £ 5: Utah Pow & Lt 5s.. Va-Car Chem 7s... Va-CarCh 7T%s w. Vertientes Sug 7s. ‘Warner Sug 7s'39. Warner Sug 7s ‘41. ‘Western Elec 5s. ... Western Union 6% Westinghouse 7= Wickwire Spen 7. Willys-Ov 6%s'33. Wilson & Co 1st 6s. Wilson&C cv T15s. Winchester A 73s. Youngstn S & T ts. 834 39. 94% 102% 85 87% 934 98 98% 94 9% us 117 9814 1024 105% 89 974 7% 10245 104% B84 975, 76% 974 103% 107 105% 43 91t 9614 96% 108% 109% 98 110% 88 94% 94% 101% 20 91% 98% 101% 78 974 97% 904 8% 85 84% 90% 3% 96 6% 55 % 97% 7% 102 102% 105% B84 9% 7% 101% 101% 101% 100 5 1064 108 94% 9954 91% 93% 103 5 108% 30 21 40 88 93% 994 93% 93% 102% 99% 80 109% 93% 101% 108% 100% 9974 1% 85 100% 9645 106 107 9414 99% 901 9214 102% 103% 88 93% 9% 93 93ta 102% 99% 8% 109% 93% 101% 108% 100 6% 91% 9914 997 B4% 97 951k 104% 97% 103% 108 114 79% 101% 100% 104% 3% 624 31 94% 101% 984 % 110% 101% 95% ¢ 108% 58 984 83% 4% 101 95% PARIS PRICES UNEVEN. PARIS, June 18.—FPrices were unset- Three per cent rentes. 53 francs 10 centimes. Exchange on London, 80 francs 80 centimes. Five B5%, Gent loan, 67 francs 80 centimes. o dollar was quoted at 1S francs 68 tled on the bourse today. ecntimes, 997, 12 £5 100% 96 1062 107% 94% 993, 91% 934 1025 108% 88 3% 99% 93 93% 102% 99% 8% 109% 93% 01% 108% “100% 861 92 99% 100% 843 97 95% 108 T4 1035 108 114 80% 101% 101 104% 93% 62% 31% 9% 91% 101% 98% 110% 108% 58 98% 834 47% 101 5% | Union Pa 6 2 99% 99% B6% 86% 89% 89% 85% 85% 1017% 102% B4% 84% 99% 994 69% 69% 8% TE% 113% 113% 99% 86% 89% 86 1024 84% 99% 69% 8% 13% B & O SW div 3%s. 54 E & O Toledo 4s. .. Bklyn-Manhat 6 Canad North 6% Canad North Canad Pac del = Car Clinch & O 53. Car Clinch & O 6s. Central Pacific 4s. Ches & O cv 4%s.. Ches & O gn 43%s. . Ches & Ohio cv 6s. Chi & Alton 3s. ... Chi & Alton 33%s. . Chi B&Q gn 48 '58. Chi B&Q 1st rf 5. . C B & Q-111 div 4. Chi & E Il gn 5s. Chi Great West 4s. ChiM & St P 45 '25. Chi M&St P 45 '34. 3 t P db 4s SLP ev 4% Pgndtes Chi M&SE P rf 4148 Chi M & St P cv bs. Chi M & St P 6s. Chi& N W 63%s. Chi&NW7Ts.. Chi Rys 5s 5 ChiR1& P gn4s.. Chi RI& P rf 4s...13 ChiTH & SE 5s Chi Un Sta 41¢s. ChiUn Sta 63%s. . Chi & W Ind cn 4s. CCC&StLrfésA. Cleve Term 5s. . Cleve Term 5 Colo & Sou 4% €uba R R Tis. Del & Hd 1st rf 4s. Del & Hudson 5%s Den & Rio G cn 4s. D & Rio G imp 5s. . D& R G 1st rf 5s.. Det United 4%s. ... rie 1st con 4s rie gen 4s. rie conv 4s A orie conv 4s B rie conv 4s D i s Erie & Jersey 68 Gr Trunk sf db 6s. Grand Trunk 7s. rNorth gen 5% r North gen 7 Green B& W db B. Havana ERL&P 5s Hud & Man ref 5; Hud & Man aj 6s.. 2 111 Central yef 4s. . 111 Central 512s. Int Rap Tran 6s... Int Rap Tr 5s stpd. Int Rap Tran 6s. Int Rap Tran 7s. Tnt Nor 1st 6s. Int & G Nor aj €s. Kan City Ft S4s.. Kansas City S 3s.. Kansas Ci Kan City Lake Shore 4 S Lehigh Valley 6s. . Louis & N uni 4s Louis & N6s B.. s:ih s?h 97 51% 81% 70% m)t. 103% 9215 103 59 87% 17% Manhat Ry cn Mit & L 5s 894 | 103% 81 59% £614 101% snl« M StP & SSM 6 MK & T 1st 48 MK & Tadj5s.... MK&TprinSsA. MK&T68C...... Mo Pacific gn 4s Mo Pacific 55 '65 Mo Pacific6s...... Montrl Tm 1st 5s. . 2 N O Tex & M in 5s. Y Cent gen 3%s. Y Centdebds... N Y Centri5: N Y Cent deb 6s. . NYC&StL6sA.. New Haven c d 6s. New Haven 7s. ew Haven Ts fr.. 10 Y Ont& Wrefds 9 ew York Ry rf s S9u Y W & Bos 4 orfolk & W en Norfolk & W cv 6s 191 Northern Pac 3s... Northern Pac 4s Northern Pac 5s D. Nortarn Pacr i 6s. Ore & Calif 1st 5s.. OreShort Liref 4s. Ore Sht Licn 55’46, - Ore-Wash 1st rf 48 Pennsyl con 4%2s.. Pennsyl gen 4%s.. Pennsyl gen 5s.... Pennsy Pennsyl gold 7s. Pere Marq 1t 5s... Reading gen 1s. Reading gn 4%s. . 70 827 70% 6 €34 6% 55% 102 0% | 81 9974 8% 54t 59% 180% 96% 8454 90% 4% 99% 101% 107 82% 484% 83% 925 864 98% 105 104 964% 924 99% 94% 63% 89% 83 Seab'd A Liref 4s Seab'd A Ladj 5s.. Seab'd A L con 6s.. Sou Pacific 4s°29.. Sou Pacific clt 4s. Sou Pacificref 4s.. Southern Ry gn 4s. Southern Ry 1st 58 Southern Ry 6s ct. Southern Ry 6% Sou Ry Mobile 4s. . Third Ave adj 53 Tol StL& W 4s. Union Pac 1st 4s Union Pac 1Stvf 4s Union Paccv 4s. Union Pac 1st rf 58 ific cv 68 Virginia Ry Ist bs. a Ry & P 1st 5s. Wabash 1st 5s. Wabash 2d 5s. Western Md 4s. Western Pacific 5s. West Shore 1st 4. TOTAL SALES (Par Value): 11a.m.. 3933000 12noon 6763000 1p.m.. 8814000 2p.m..10400000 WOULD ABANDON LINES. The Roanoke railway applied to the Interstate Commerce Commission today for permission to abandon $1 miles of road between Brunswick and Horners, Va. The Mobile and Ohio railroad ask ed authority to abandon four miles of line from Delchamps to Alabama Port, Ala. MILL WORKERS SUFFER. FALL RIVER, Mass.. June 18 (Spe- cial).—fighty-nine per cent of the Fall River mills are idle and the loss to workers who normally draw $450, 000 and $500,000 a week is between $360,000 and $400,000 weekly. The cit, ber 1, 1923. Wiiliam F. Ham, president of the compa and also head of the Potomac Electric Power Company, will leave Washington soon for London, where he will attend an international conference ol power development. It is expected that twenty-two nations will be rep- resented at the meeting COTTON PRICES NERVOUS ON WEATHER REPORTS Poor Goods Trade and Mill Cur- tailment Vital Factors in Today's Markets. By the Associated Press. NEW YORK, June 18.—Contlicting reports concerning the effects of con- tinued high temperatures on crop progress in the southwest seemed largely responsible for nervous and irregular fluctuations in today’s early trading in the cotton market. Liverpool was better than due and. after opening at a decline of 1 to 6 points, prices here steadied on cov- ering, selling 3 to 4 points above yeste closing quotations. Of- ferings increased on the bulge, how- ever, and prices soon reacted from July and from 2 to for October, making the mu ket about 6 to 10 points net lower. Cotton futures closed firm. ton market opened quict but steady. First trades showed gains of 4 to § points over the previous close. July promptly eased off 16 points to 2 and October dropped to 24.52, or 13 points off from the opening high. Liv- erpool was better than duc, with spot sales of 8,000 bales, and w sent reports of damaging and sandstorms. ntiment, ne theless, seemed reactionary because of the poor goods trade mill cul tailment. It that the hot wave in Te jated Cotton futures closed at pet vances of 22 1o 46 points hot win, ad i | modities, | SOUTHERN RY. NAMES | NEW DIVISION HEAD M. E. Madden Superintendent of |4 | Washington Section, With Head- By tiie Assoriated Press. ATLANTA . June 18.—Southern railway personnel changes aff ing several divisions were an- | nounced’ today. They include: | merly” of Birminghan made supe: | intendent of Washington, D. C.. divi- sion, with headquarters at Alexandria, Va quarters in Alexandria. Madden, fo |WALL STREET EXPECTS 18 —Recent in- °s_in the price of foreign bonds | quoted here, together with the cheap- ness of money in the local market are expected to lead to rather heavy foreign_financing this summer and 1. While demand for capital broad is likely to have a stiffening effect on money rates, particularly if | the proceec not ' expended here. | & reduced domestic demand for funds is expected by some bankers to come from a lessened demand for new | construction, lower prices of com- better transportation se ices. requiring a shorter time in which commodities are tied up in transpor- tation, and possibly a reduction in wages in some industries. — PORT BOOM CONTINUES. Baltimore Making New Record in Maritime Commerce. BALTIMORE, June 1S.—Figures submitted in the weekly report by the collector of the port seem to indi- cate Baltimore will make 1924 a ban- | ner year from a maritime point of { view. The report shows business con- tinued to boom, with exports holding up exceptionally well. Total imports, consisting largely of copper bullion,’ fruit, Philippine su- gar, paper and chemicals on the fre¢ list, and fruit, molasses, sceds and tableware on the dutiable 1 were vaiued last week at $2, which $1,521,641 came in fre —_— CHICAGO GRAIN MARKET. CHICAGO, June 1S.—Wheat and corn went up with a rush today as soon as the market opened. All deliv- eries of both cereals jumped to new high price records for the season. A sharp advance in wheat quotations at Liverpool was largely rgsponsible for the ascent of the market here, espe- cially as Winnipeg prices showed even more strength than was the case in Chicago. Heavy profit-taking sales on the advance, however, led to considerable reaction from top figures. The opening, which ranged rom % to 1% cents higher; July, 116 to 1.16%, and September, 1.17% to 173, was followed by a rise that amounted to nearly two cents in some cases before a sttback took place. Offerings of corn were remarkedly ce. Prospects of a revision of freight rates east of Chicago was a_bullish factor. ~After opening % to 1 cent higher, July, 83% to 84, the market climbed rapidly. Oats derived strength ~from the action of corn and wheat. Starting unchanged to % up, July, 46%, prices scored g moderate general advance. Higher quotations on hogs helped to lift the provision market. WHEAT— Open. High low. Zuly 116 LI 1.1 117% Septem| December 11953 1.19% September Ll 10D ILIO 110 1102 B RAW SILK RISE HALTS. NEW YORK, June 18 (Special).— tton goods markets were dull today, with few price changes of note recorded. Print _cloths were quoted at 9 cents for 64 by 60 and 10 for 68 by the latter an in- crease of % cent. The raw silk market appeared to have reached the crest of its rising wave and_prices I expocted to pass some reilct legia- | were stationars, with a few slight Jatioa, e . o' recessions. |~ bonds not du he cot- | $3.000,000. Total resources of §1 is shown for the first year of opera- tion of the Potomac Joint Stock Land Bank in its initial financial stat, ment to stockholders of the institu tion, mailed this morning. The state- ment is dated at the close of busi- ness, June 14, 1924, The complete statement follows: RESOURC Net mortzage loans Accrued interet on WOFFAEE 1S bonds niedged with registras Deposits. in banks ... Reserse for farm loun oud foter- Farm loan bonds ¢ Faraitun and T nts receivay Al other unsets 72,234.17 LIABILITI losn Londs issued 5 b ed Interest et pre: cerued - $14 < Bot nted for payment erest ou farm 10an ounts payable pital and surp) George A institution, | plications n received this number approved t have tion explal mittee of th by Mr Harri approved lo. the amount apprs able to the applic: The first 1 bark on June 15, time_the institution steadily increased monthly. It i pected that total lozns closed by the nd of 1924 will approximats closed by and from the functions An additional issue of $500,000 of ent bonds, approved at the las! ting of the directorate, will b ed the public in the next fes days, Mr. Harris said Allows Redixcount Rate Booxt. The Federal Reserve Board tod: approved the application of the At Federal Reserve Bank to T its rediscount rate from 4. ¢ tion is in line with 3 r other reserve in stitutions in reducing their discoun charges. s The change is effective tomorrow Personal Mention. Galliher, chairman t Federal-American Nu- w hoard T ness trip. Poole, in president is attending of Rotary at Toronto, Cana past president of ganization. Regular Dividend Voted. Directors of the Merchants fer and Storage Company yesterd declared at annual meeting th sular semi-annual dividend of able June 30 to stock June This dis ement is applicable the new 10 of stock issued last Februar e company a_par with 3 declared by Johr whold, president. The following directors have re-elected: Albert E. Berry B. Buck, Alexander Britton. Geo Dunlop, W. J. Eynon, W. F. I John L. Newbold, Ben L. Pri y Leon Tobriner. Officers re-elected it clude John L. bold, presider Ben Prince, vice president; C. B. Buc! secretary treasurer, and David 1 Smith, assistant secretary treasurc Trading on Local Exchange. Capital Traction stock sold off in 1 early stages of today's trade on Washington covered to 9 ater transac ares. Twa tinued to show stren & gain of about two pc us far. Lanston Monotype was u . with Gas fractionall Internation Mr. Poole 1= the natioral « GRAIN AND PROVISIONS. BALTIMO Md.. June 18 white pounds barrel. 2.30a6.00 les.’ 2 : blackherries apple: sa15 | 4 f00a5.00: pineapple crate, 1.2 . 1.003.00 Prices on Grain. winter. garlickly tions on garlicky quart, P taloupes. Settling %: no_quot winter, 50 per barr per_barrel $81a Corn—Cob, “new, 4 for vellow and 433 corn, spot, track corn, vellow. *Saied 28500 Dushels of No. Hay—Receipts, 78 to Most of the hay on sale here now is of an undco sirable quality of clover mixed and heavy clover, the demand for which b ‘8 indifferent. Very few straight car . 1 and No. 2 thmothy are of- fered, and for such hay there is fair demand for full quotation: Quotations—No. 1 timothy, 2, 28.00a28.50; No. 3 timothy, 5 1light clover, mixed. light clover. mixe:d . clover, mixed, 26.5 .00 24.00 per ton; 1 a20.00; 0. 1 oat, 16. TROLLEY EARNINGS DROP. IT, Mich., June 18.—Total re\’?eflrfioof the Delrnll Street Railway for the month of May “showed con- siderable decrease,” aecording to the Tonthly report issued by the depart- Tent of street railways. The decrease is charged to falling off in the numbe! of passengers carried, which 0.724.404 less than during May, 1 B nker revenue for the last month totaled $1,841.617.89, as compared with 61,030,06 in May, 1923, the apparent ase in revenue being due o the . pound hens. Butter—Creamery, pound, 3%a4s: prints, good 43a fancy. to 5; nearby eamery, 35a36: ; dairy prints,