Newspaper Page Text
URGES IMH
BUY COAL NOW, I
HOOVER URGES
UTILITY FIRMS
Secretary of Commerce (
Points to Danger of
Fall Shortage. j
_ J
PRICES REASONABLE
Numbers of Bituminous Oper- ,
ators Are Making No i
Profit at Present.
Danger of a serious coal shortage
,tn the autumn is pointed out by
Secretary of Commerce Hoover in *
letter sent yesterday to public utility
companies, urging them to buy
bituminous coal now.
"I would like to ea" the atten"
tion of your association to the
bituminous coal outlook." Hoover
wrote organizations throughout the
country. -There Is every indication
that there has been an undue
slackness in the purchase of coa
which may accumulate to large e*
mands in the autumn.
Mar *ak*
"I am convinced that due to the
general depression the price o
bituminous coal at the "'"" J",
not too high at the J " 1* !
This is. I think, proved by the fact
that numbers of operating
companies are making no profit
whatever. "If
there should be a recovery
business activities in th. a"tumn
taken in conjunction with the iarK
increase in percentage of disabled
^ tfrom 5 per cent to 1? per cent
during the past six months) and
p,he inability of the """J? J
finance their maintenance, there are
possibilities of development of a
|( most serious situation as regards
coal movement.
> Priori l r Probable.
-t cannot but feel that the Interstate
Commerce Commission. In the
face of warnings they have sent
out in this connection, would not
be disposed to give any priority In
anirh an event. _
It seems to me. therefore, to be
obvious that the public utilities
companies, both in their own nterests
and the protection of the
public, should make early provision
for stocks of coal sufficient to carry
them over the critical period.
WASHINGTON PRODUCE.
(foraislMd by OeldM * Cempany.)
Eggs?Southern. 34c; nearby. 34c.
Butter?Print. 40a4Sc; creamery
extra. 44a48c; store packed. -.a24c.
Poultry?Alive: Roosters. UalJc.j
turkeys. 30a35c; spring chickens.;
37a40c; white Leghorns. 3.a35c.
hsns. 2Sa30c: keets. 75c; dresseA
fowls. 33a35c; turkeys. 43a45e.
roosters, 20a23c.
^ Green fruits?Apples. Wester^
fcer box. $3.30a4.50; pineapples. $6 00
a?.50; California oranges. $5.50a
6.50; lenr.ons. per box, $13.00al4.00.
'Florida oranges. $6.00a6-50: Georgia
peaches. $3.00a3.50; currants. 20a
25c <Jt ; Winesap apples, boxes. J-.00 |
"Vegetables?New potatoes. $3.50a
4 00' nearby per bbl. $4.00: canta-1
loupes, tops. Cal. standard. 1H t
130 per crate. $3.00a3.50; ponies. $2 2?
s2.75; string beans. ?3 0#a4 ##- b" '
new cabbage, home grown. ? ?a
S'5- ner bbl.; beets, per bunch, -a
?c"; peppers, per ct-. $2.50a3.0?. nearby
cymlings. per ct.. ?1.50a2_00.
Florida celery, per ct, $1.50a.,.00.
bunch celery, 50a$1.00: peas, bu
basket. $2.00a4.00; watermelons in
c"lots, 20.22 lbs average. $200.00a
'SOW- !4a2? lbs average. $250D0a
mSn "a? "" average. $45e.O?a
I (w.oo. . .
I Pressed veal, 15alSc; choice
I calves, ialOc.
I IT. S. De??r??e.t of
I Rnreaa ? Markets. Jaly IS. 1*31I
Based on July 1? quotations in
I Important markets, prices for hay.
I feed, aad grain In car lots delivI
ared Washington, D. C.. for prompt
I shipment, are quoted as follo?s_
1 No. 1 timothy hay. ton, $24.50.
Inc. 1 timothy. *23.50; No. 1 clo|
ver mixed. $23: spring wheal *??
l$23 25: spring wheat middling.
$2175; cottonseed meal <3? P i
cent). I4?50: old
Ineal $40; gluten feed. $31.50. homliny
feed (white). $29: dried beet
I pulp. $30.5*; No. I "kite corn. bu..
S3c- No. 2 yellow corn. 8?*4c. No.
|i white oats. 53c: No. 3 white oata. j
I 59c.
I The following commodities
be obtained from local dealers In
ear lots, basis cash payment, at
prices quoted:
I No. 1 timothy (Western) hay.
ton. $25.50: No 2 timothy CWeatlern)
hay. $24 50; No. 1 clover mixed.
I $24' spring wheat bran. I
I winter wheat bran. $24.50; **?{****
I middling. $24.50: flour middUng.
cottonseed meal (I* pe
cent). $4150. gluten feed. $3-50
hominy feed (white). $30; flour.
I soft winter staight (140 lbs. Jute).
per bbl.. $?25a7; hard winter
straight (140 lbs. Jute) $$a8!50;
Ifancv patent (family orand). $9
llO; No. 2 white corn, per bu. (bag"
extra) 85c: No. 2 yellow corn, (bags
extra)'. *2%?: No. 3 yellow corn
bags extra). ?4c; No. 2 white oats
bags extra). S3c; No. 3 white oats
I (bags extra). 52c.
IFORD'S RAILROAD
W SEEKS RATE CUT
f COLUMBUS. Ohio. July 18-?The
Detroit. Toledo and Ironton Rail road.
Owned by Henry Ford, today
sought a 20 per cent reduction in
freight rates.
I The new blow at high prices was
taken when C. E. Hochstedter, of
Inearborn, Mich., general freight
agent of the Detroit. Toledo and
Ironton. filed new schedules with the
public utilities commission here.
The new rates are effective Au gust
20 and affect shipments of
Mevery kind over the 450 miles the
Irailroad operates in Ohio and Michi gan.
between all points on the main
l!n? and branch**.
"Mr. Ford thought a reduction
should be made." was the only com*
Iment of Hochstedter in filing the
new schedules.
Official* here declared the action
was the first taken by a railroad In
the United States for lower rates'
*nd pointed out that the Detroit.
Toledo and Ironton Railroad recently
announced an increase in wages for
employe*
MEDIATE P
MOTOR CAR INDl
DOMINA
Enormous Expansion \
Place it Second Am
(By THE WASHINGTON
THE growing economic importance
of the motor car and
the magnitude of the industry
in the United States is strikingly
illustrated by some statistics presented
by the National Automobile
Chamber of Commerce. The develGROWTH
OF IIOTOR
(Figures Int'lude parts a i
1890 1904
Capital ta.eutd .. (S.TW.000 ?a.OM.OOO
Value of product*.. 4.74B.OOO 30,004.000
Pemon. en?.*?l 111
manufacture -
VlfOtnlirlH.. $1,?1?.000 |8,41?. 000
Onuui. 1919.
Combining the values of vehicles.
Darts, tires, and accessories lor
the total is estimated at $3,594,814,
620, which would probably give the
industry second place among all the
industries of the country. If there
be added the investment in the
trade agencies, ttc., involved in the
sale of motor cars the total would
be very near to the top of the list.
A summary of production since
1899 shows that 11,839,483 motor
cars have been made, of which $2,000.000
have been worn out and retired
from use. Of the 2,205.197
tctal produced in 1920. 1,883,168 were
passenger cars and 322,158 were motor
trucks.
This list shows the remarkable
extent of the use of the motor tar
by contriea not generally regarded
;ijj, modernised, so far as machinery ^
is concerned, such as India, Algeria.
Chili, and China. The motor car
has made its way in the mountainoustrict
of Switzerland as well as
among the canals of the Netherlands
and among th? sands ot
Egypt.
In the number of persons in total
population per automobile the
United States leads with one ear
for each eleven persons. Then comes
Canada with 1 to 21: New Zealand.
I to 41: Australia. 1 to 65, and Cuba.
1 to 94. Great Britain has only 1
to 110: France, 1 to 203: Germany,
I to 733 and Switzerland leads Europe,
with 1 car to 151 persons.
The leadership of the United
States in the automobile industry
ha* led to our supplying a large
part of the world's needs as is
yhovrn by the large balance of exports
over imports.
V SITED STATUS KXTORTS AND IMPORTS
OF MOTOR CARS. W11W?.
Exports
Number Value
1911 1S.H97 Jl.V92l.nOO
mi* 23.7y? 21.708,000
1913 3M8L 27.029.000
191? 23.763 2S.307.COO
1915 63.9T* 94.884,01*
191ft 80.850 96.S05.OOO
1917 ... 80,23.". K8.678.000
191H 47.244 63.ott.oon
1919 *2,4"?4 jnp,0S."?.000
19=0 170.763 211.300,000
Imports
Number Value
,911 972 I8.S98.000
1912 a* 1 999.000
,9 J? * 492 1.1M.OOO
!?!< :::::::::: * ? ?.??
in,'. ...... 221 327.000
. 149 779,000
1917
,91 a 73 39.000
199 1" 121000
1920 IIIIIIII 92tt 1.026.000
This record shows that the foreign
trade was checked relatively
little by the war and by 1919 had
regained the trade lost in 1918
doubling in amount and value in
1920. The American demand for
foreign-made cars appears to have
quickly. Jumped ii\ 1920 to the level
of 191*3. ^ 4 ^
The **alue of parts and engines
exported separately from the complete
car* adds to the total a conLiderable
sum. For 1920 the value
ot parts exported was $35.2?52.000,
engine* $5,031,000 and tires $2,564,00?
The destination of the exports
REAL EST ATI
Clay st ne. east of 52d st ne, sq
5239. lot 29. Linwood Heights
John B. Jones, et ux. Katie B., to
Lawrence E. Brown. $10.
North of Euclid St. west of 13th
st nw. sq 2861, part lot 8. Columbia
Heights?Elizabeth Shumate to
Antoinette M. Shumate. $10.
1337 1st st nw. sq 617. lot ISO
Annie Rudln to Sarah Philips $10.
Whitehaven, lots 7. 8 and 9 Norman
E. Ryon et ux, Mary S? to
Thomas F. and Lois E. Snyder. $10.
North of Spring rd, east of 14tn
st nw. sq 2826. lot 92. Padsworth?
L. Gordon Leech to Isabell? PLeech,
$11).
North of Princeton pi. west or
7th st nw, sq 3031, lot 253, Pleasant
Plains?Herman R. Howenstein
to William C. Cambrig et ux, Anna
E.. $10.
Perry st ne. between 24th and
26th sts ne. sq 4294. lot 31, Villa
Park?H. Winship Wheatley. trustee.
to George P. Burse, $125.
622 E st sw, sq 466, part original
lot 18?Edwin C. Dutton, trustee,
to Leonard A. Hamilton, $2,800.
I^onard A. Hamilton conveys
same property to Ella J. Rountree.
$10.
North of Hayes st, east of 48th
st ne, sq 5149, lots 61 and 62.
Hampton Heights?The Municipal
Improvement Company to Susan J.
Washington et vir. Simon S., $10.
317 V* st ne, sq 3563, lot 27 Center
Eckington?William R. Hitt to
Ariel E. Abbott, $10.
3012 Park pi nw. sq 3050, lot 155.
Whitney Close?Clarence J. Poland
to Esther N. Baltz, $10.
No. 7 C st se, sq 691. lot 23?
Hiram E. Robinson and Martha C.
Robinson to Hugh O. and Lillian
R. Anderson, $1Q.
1377 B st se. sq 1038. half interest
In and to lot 22?Julia Harrell
to Joseph E. Pugh, $10.
6th st np. between A and B sts,
sq 867. part original lot 13?
Kathrvn Brady to Linna M. Mulford.
$10.
2829 16th st nw. sq 2577, lot 38.
Meridian Hill?Franklin MacVeajrh
and Barnes MacVeagh to Sefton
Darr, $10.
Sefton Darr conveys same property
to Republic of Mexico, $10.
Central ave ne. south of Myrtle
st. sq 4319. lot 12. Woodridge?
Delia D. Shults et al. to Wilford
H. Dunn et ux. Emily. $10.
1818 33d st nw, sq 12S0, lot 237?
James Craig et ux. Kate, to Walter
R. Goodrick et ux. Mary C., $10.
1300 3?th st nw, sq 1JW, lot $$?
J. Haldsworth Gordon and George
E. Havell to Thomas J. Stanton,
$2,100.
Kearney -st ne. -bet l$th and 20th
sts. sq 420S. lot 32, SHerwood-^John
1. Knapp et ux. Flora K., to Daniel
Sawyer et ux. Mary M.. $10.
413 C st se. sq 820, lot B?Thomas
F. Ha ugh man to Annie M. and John
E. Hoover, $10.
41.1 C st se. sq *20, lot B?Annie
M. Hoover to Thomas F: Baughman.
$10.
737 Hobart pi nw, sq 2888, lot
URCHASE
jstry
tes the world
Vith Growing Exports
ong Manufacture#.
.
HERALD ECONOMIST.)
opmtit of the motor car has become
pre-eminently an American inrtltu.
tion in that our output and u?e of
the car dominates the world.
The remarkable growth of the industry
.? shown by the record of tne
last ten y^ars from the census.
VEHICLE INDUSTRY.
ad accetoorits buslses., ? ^
,909 1#i0 tm^fooo
140T.7SO.OOO ti.lM.T17.Sn
249,202,000 812,881,000 *3.091,423,000
85 SJ9 140,951 103.500
358.173.000 3139.453,000 ?I ,0tl.S??.TT<
Bives some idea of the part of the
world that Is aupplied by the United
States motor Industry. By far the
largest number in 19i0 went to the
United Kingdom with British India
second. Canada third; then Australia.
New Zealand and British South
Africa. Then came Cuba, Dutch
West Indies, Sweden, Brasii. Argentine.
Philippines, Mexico and >??>?"
The extent to which automobiles
are furnished in world trade by other
countries is shown by the exports
of the leading countries ,!,
mo. In the production of this ma|chine
the United States Is still far
in the lead.
MOTOR CAR RXPORTS Or LEADING
COUNTRIESNumber
Value
?ss
23.0*14 18,834,000
rf"""1* 1" 410 11.943.000
" ') 8*449 ~ 23.817.00"
Kngisnd ,'7SS 2.563.MOO
''S 2.859.000
Switzerland
passenger cars and motor trucks
have been considered together in
the foregoing. The of
trucks to passenger cars in 19.0 was
29,288 to 141.477. During the war
the proportion of "ucks was hlgher
being about one truck to two pas
-enger cars in 1915 and 1918. one o
in 1917 and 1918 and one to
f?To 'produce these cars 'here were
315 establishments in 1919 according
to the census. Some 2,394 lirm
were engaged in maklng automobil.
bodies and parts and 15.488
devoted to automobile reI,ai"'^:.,1!)
Of the total production In 1J?
about 56 per cent came from esr
tahlishments located In Michigan
Tre number of tires maue in 1920
was lestimated to be 32.400,000 by
i the Automobile chamber.
The total world's re*,stra,J?n...
motor cars is estimated to be 10.32"
278. of which about S5 per cent
nr 9 211.295 are owned tn the United
States. The registration by countries
in order of numbers ,s as fol
Hows:
AUTOMOBIT.E RKC.I8TRAT10N BY
COUNTRIES.
i I'aited Rtatea * ^'4^0 000
Great Brttain and Ireland 403 Mwi
Canada 202.500
rnucf 78.000
; Australia 75.OOO
i ornnny 35,000
I Italy 33.aOu
Rastia 31.000
<'uba 30 000
New Zealand 2M.OOO
Argentina 26.500
Switzerland 25.330
India 20.0011
! Xetherlanda 19.301)
i Anatrta is.000
i Mexico ihii 17.W0
Spain * 13.709
philippic* .*!. IS.MO
Dutch We?t 14.700
I Brasii 13.000
: Belgium 12.100
I Norway 12.000
; Sweden ti, 11.000
I Uruguay 9.000
I Algeria . S.HOfl
Idrill 8.000
I Portugal im*... " NWI
| Denmark g.OOC
. China * . 5.500
Porto Rico y.y.y.. r>,owj
1 J" other, less' tSas * <*?' ' *>'
i transfers.
122?Mt. PI. and PI. Plains?Wm
W. OlifT et ux, Ruth F.. to Elsie E.
Offutt, $10.
Sw cor 12th and K sts ne. sq *80.
lot 48. Cornelius K. Stribling et ux,
Mamie B., to James L. Munger and
Emily Munger. $10.
Azadia, pt tract?Enos S. Newman
and Edwtn A. Mooers, sur trs to
Eldridge H. Ashworth, $730.5$.
Azadia. pt tract?Elridge H. Ashworth
et ux. Mary, to Claude R
'Tillotson et ux. EtheT F., $10.
N of Vista st. e of S. Dakota avi
sq 4339. part lot 7. Woodridge?
Wilford H. Dunn et ux. Emily, tc
Eva M. Blake. $10.
The St. Clair, 1715 T st nw. sq
151, lot 192?Leon Tobriner and
Byron W. Graham, trs, to Harry
Abramson, $22,600.
3d st ne, bet K and L sts. sq
774. part lot 23?Lillie F. .Mills to
Colia A. Clapp. $10.
609 Lamont st nw. sq 3040, lot
84. PleasSnt Plains?Kfchard V
Jones et ux, Mary F., to Patrick H,
McClune et ux, Nanie B., $10;
3153 19th st nw, sq 2603. lot 100
ingleside?John W. Van Sant et ux
j Nannie V., to Mae S. Barsalow, $10.
E st nws bet 9th and 10th, sq 377,
pt orig lot 3; also all chattels on
premises, choses in action, etc?Rufus
H. Darby Printing Co. to
Annie F. Darby, $10.
N of Garfield st, e of 27th st nw,
sq 2107, lot 71?Harry Wardman et
al. to Florence G. Chapman, $10.
1412 Perry pi nw. sq 2689, lot 37
?Geo. Varoutsos et ux. Jennie, tc
Samuel Konlgsberg, $10.
125 North Carolina ave se. sq 733,
lot 42?Ernest A. Bolger et ux
Mary A., to Jno. P. Leo and Sarah
A. Leo, $10.
Harrison st nw bet 39tji and 41s1
sts; sq 1754, part lots ,7 and 8,
Chevy Chase Land Co, to Regina I
McKeever, $10.
North of S st east of 4th st ne,
sq 3606, lots 2, 3 and 4?Warren F
Brenizer Co. to Bessie L. Brown. $10
North of K east of 33d st se: sq
3486, lots 28 and 29?Charles H. Davidson
et ux, Frances I., to Howard
M. Ingram and Charles W. Beach,
$10.
North of Irving st east of 18th st
nw; square 2597. lot 63, Ingleside?
Benjamin H. Graver et ux, Lizzie
M.. to Mary P. Bland. $10.
North of Irving st e?st of 18th
st nw; sq 2597. lot 102?Same t?
Fred W. Swan et ux. Joella. $10.
420 Oakdale pi nw; sq 3080. lot
42?Ethel M. Rutly to Robert L
Duncan et ux. Sarah L., $10.
cottonsed oil.
NEW YORK. July 18.?Cottonseed
Oil was steady. Spot, 8.70 bid: crude
7.25 nominal. Futures: July, 8.60s
8.90; August. 9.10ad.25; September
9.24a9.25; October. 9.45a?.46; November,
9.25ai.35; December, 9.20*9.36
January. 9.23a9.24; February. 9.20a
9.30.
- v \ >"
OF COAL?
Beads International 1
Exchange Bank Here
JOSEPH ?CH1AVQ*K
iroHlCT
AVERAGES LOWER
/.
Southern Selling Orders
Cause Reaction. Wiping
Out Early Gains.
NEW YORK. July 18?The feature
?, ,he day's dev',0^'nh"
the big ?Pt>t sales aKain on l,Jf ? ?f
erpool market on the resumption of
business there from Satur^0Vb??e8
iriav They went up to 15.000 Dales,
{o? the day. including 10.000 taken
for export5, This m.kes the .ota,
for the last si* business days S3 000
bates which at an average price of
S%~pience per pound or the equivalent
of 16V4 cents iu our mone>. or
J82 50 per bale, amounts to aj>out
$7 000.000 worth of cotton. This i. ,
v?r; heavy total In the lurnovo
for such a short time 11 ;
largest on record for a period for;
years past and denotes th* implement
in the cotton poods tradei at,
Manchester and on the continent
The market there for futures open-1
ed Arm and advanced 12 to 14 f-nB|
llsh points, but reacted later and
closed steady at a net advance of
5 to'S points on the day against 2
to 5 due to have met our closing:
! quotations of Saturday.
Our marVet s response to this aetivlty
on the Liverpool market was
\ a rise of 10 to IS points with October
going up to 13.15. December;
13.56. January 13 58 and next March
deliveries selling at 13.87. There.
was not enough buying here from I
local or outside interests to hold
this improvement, however, with the
South still sending selling orders
here of a hedging character and so j
ij manv local traders still against the
J market on account of the dullness i
at the moment in the general in- j
i dustrial situation.
| Prices accordingly reacted after j
the Liverpool closing cables were
1 posted from considerable reselling;
j by early buyer*. In this setback
I prices went ofT to between 30 and
*5 points from our closing quota-(
I tions of Saturday with^ October re- !
I acting to 12.70. December 13.10.;
! January I3.1S and March to 13.37.
i There were some further heavy \
,! undesirable rains in Atlantic States
j but conditions in the Western part
'I of the belt were more favorable, be- ,
'j ins: generally clear there which Is
'i! what is needed all over Arkansas
li Oklahoma and Texas from too much |
j rain in that section the past sev-j
era I weeks for the proper develop-!
i ment of the crap. Spot markets gen- j
! erally unchanged until the late de- \
[ cline" occurred here In futures, when
\ prices at tom^ points were reduced
! one-eighth to one-fourth cents.
Opfn. Illfffi. Clo**
Jnly 12.3* 12.40 12. M 12.20
! Octnher IS 10 1S.1S 1- oft 15.70:
i Heeemher 1? K 13."<t 13*> IS.10
Imnrt 10.M 1S.IW 1S.??
March 13.70 13 87 13.17 13 <3
(Ynrciihefl ky W. B. HibM * Co.. m?mb?n
Hew Turk Cotton Exchange.)
DUIINFSS RULFS
f IN BOND TRADING
Government War Issues Responsible
for Majority
' Of Transactions.
_____
| JTKW YORK, July 18.?The bond
I market today was again dull and
I of the relatively small volume o?
!bonds traded in. something over
i one-half represented government
war issues. All of the Liberty bonds
moved within narrow margins, tne
, greatest change being an advance
of ten points in the Liberty 3 ,?s.
The feature of today's market, in
so far as it had a feature, was tn
the continued rise of the Cuba cane
sugar debenture "s. These debentures
sold as low as 5iH Just a
week ago, and today moved -up t<.
62^4 by early afternoon, which represents
a gain of IT* points from
Saturday's close. The upward
movement in the bonds during the
day was aided by strength in the
company's stock, into which the
' bonds are convertible. Kailroad
i bonds did not seem affected, one way
or another, by announcement of tne
new plan for railroad financing.
Foreign government issues were
i only moderately active, but hele
firm for the most part. The United
: Kingdom of Great Britain 5%s or
1920 and those due in 1937, how- I
! ever. Jost H and >s points respectively.
The loss of one-quarter of a
point in the Belgian ?s. and of one.
half point in the Swedish 6s. were
. made on a small turnover. AmerlI
can Agriculture Chemical 7iia
reached 9B'i early ill the afternoon.
I making a gain of nearly a point
, from the previous close. The
Northern Pacific-Great Northern
Joint 6'is held firm around 98>4,
which is within one-quarter of a
' point from their high. A fractional
advance was made In an active
1 market for the Great Northern 7?
> into which the Burlington bonds
are convertible. Interborough re*
' funding 5s lout one point, Third
Avenue adjustment 5s. one-hair
point; Erie Oeneral Liens 4s, one
and one-half points, and the Chicago
and Alton 4\4s lost one and a
haVf points.
SUGAR MARKET.
SKW Y011K. Jnly I*.?The mi*ir mtrk-t
rlo-MMl unchanged to .*? point* lower.
Illfh. l/>? . I lone.
September 3.00 3.05 3.04?<?.03
> mESS s.? ;
Ji.Hilary Z.'? ? ? *.n?2.7t
tariff o
fiiem costs
for thirty days
reported smali
Average American Fam
Pays Three-Tenths of
1 Per Cent Less.
ANNUAL DROP HERI
Washington Residents Pa;
Twenty-nine Per Cent Less
Than Year Ago.
Retail food costs to the averag
family declined only three-tenths o
I per cent in June, an compare
with May, according to estimate
Issued yesterday by the Departmsr
3f Labor.
From May 15 to June 15 twenty
six of forty-three staple articles c
food decreased In price as followi
Hens and granulated sugar. 7 p<
cent; plate be#f and cheese, 6 p<
cent; nut margarine and butter,
per cent; evaporated milk. 4 p?
rent: pork, oleomargarine and lari
.1 p?r cent: chuck roast, criaco, cor
flakes r nil tea, .t|
rcast. ! aeon, rained salmon, fre?
milk, bread, macaroni, baked beam
canned tomatoes, coffee, and prune:
1 per cent The price of slrloi
steak and raisins decreased let
than live-tenths of 1 per cent.
Ten articles increased in prlc
from May 15 to June 15. as followi
Potatoes, 23 per cent; cabbage an
oranges. 7 per cent: fresh eggs,
per cent: flour and bananas. 4 p?
cent: onions. 2 per cent; leg <
lamb and canned peas, 1 per cent.
Tkirfy-Koar Per (?l la Year.
Prices remained unchanged tc
round steak, cornmeal. rolled oat
cream of wheat, rice, navy bean
and canned corn.
For the period June 15, 1920, t
June 15, 19-1, the percentage d?
creases In all articles of food coir
bined were 34 per cent. The heav
est decreases for the year perio
were: Potatoes, 74 per cent; grar
ulated sugar. 71 per cent; rice i
per cent, and lard. 45 per cent.
For the eight-year period. Jun
15. 1913. to June 15, 1921. th<? pel
centage increase in the price of a
articles of food was 48 per cen
Leg of lamb Increased SO per cer
in this period, liam and flour. 79 p<
cent; hens. 715 per cent; ^>read. "
per cent; pork chips, 64 per cen
fresh milk. 61 per cent; round steal
58 perc fcnt: bacon. 5" per cent; cor
meal. 55 per cent: sirloin steak, 5
per cent; potatoes. 50 per cent; ri
roast, 48 per cent; granulate
sugar. 47 per cent: cheese. 35 p<
cent; chuck roast. 33 per cent, an
tea. 20 per cent.
Aaaaal Decrease la Waablaftaa.
The average family expenditui
for food decreased from May 15 t
June 15, 1921, in thirty-four citle
and increased in fifteen cities. 1
Milwaukee and Norfolk the expel
ditures remained the same.
loirlng the month the cost of fo<
decreased 1 per cent in New Yoi
City. Boston. Atlanta. PhiladelDhi
Baltimore. Detroit and Indianapoll
Food costs In Chicago showed a
increase of 2 per cent for the co
responding period.
For the year period. June. 192
to June. 1921. the following d
creases were shown: In Detroit, li
dianapolis and St. Paul. 40 per cen
In Chicago. 35 per cent: in Atlcn
and Baltimore. 33 per cent: in Ne
Orleans. Philadelphia and Richmon
32 per cent: in New York.~Bosto
Cincinnati and San Francisco. 31 p
cent; in Los Angeles. 30 per CiT
and in Washington. D. C, 29 j
cent.
laerease filar* HIS.
As compared with the averai
cost in the year 1913. the cost
food in June. 1921, shotted the ft
lowing percentage increases: Was
ington. D. C-, 51 prf ceent; Cinci
nati. 50 per cent: Chicago and N?
Vork. 48 per cent; Boston. 47 p
cent; Baltimore. 46 per cent; D
troit, 45 per cent; Atlanta and Phi
adelphia. 43 per cent: Newark ai
Philadelphia. 39 per cent: L
Angeles, 37 per cent, and Indiana
oils, 36 per cent.
The average family expenditu
for food from May 15 to June
dropped In thirty-four cities and I
creased tn fifteen. Among the I
creases were: Cincinnati and i
Louis. 3 per cent; Chicago. Mempl
and Texas. 2 per cent; Denver a'
Portland, Oreg., 1 per cent; L
Angeles. Salt Lake City and Si
Francisco, less than one-half 1 p
cent.
Among the decreases wei
Charleston. S. C.. 3 per cent; Bi;
falo. Columbus, Kansas City. Ph
adelphia and Rochester, 2 per cei
Butte. Cleveland. Seattle and Ric
mond. less than one-half of 1 p
cent.
Building Permits.
388 To S. A. Leichear and S<
parage. 948 Golden st sw; lot 81.
387.
391?To R. N. Richards, sign, i
| D 8t nw; lot 2. sq 487.
j To J. T. Brady, house, 4S
Conduit rd nw; lot 7. sq 1440.
_395?To J. C. Donnelly, prarai
j 1700 A st se; hot 48, sq 109?.
I 396?To G. W. Burk, porch, 1"
Oregon ave nw; lot 157, sq 152.
897 To H. W, Hollidge, two g
rages. Umont and Warder sts*
| 816, sq C043.
, 398?To W. IC. Miller, house. 3!
Woodlsy rd nw; lot 808-10-12
' 1949.
j 399?To W. C. Mfller, garage. J!
vvoodley rd nw: lot 809-10-12.
MOO?To Francis Pitney rena
Rhode Island ave; lot 809
15I?.
400 H?To H. W. SotAeron, garai
JACKSON
GRAIN. STO
Faatau Telcn
nitA*CHKS
Merchants' Cxcliuci, at,
Louis. ?* Chicago.
* Trad*. Kaauu Minaeap<
Comrec
*" Duluth,
Boartf .1 Trad., Ctr.lt
j "*rd ,f Trade, Diluth. looti
Exebaac. T.I*., ekup
N LUMBER 1
/ ' ; '
| TIMELYWALLS'
NEW YORK. July It?Trading In f
the etoc* market today WM irreg- ?
ular, and bore out the expectation ^
^ oil "merely a trader'? market.' j,
Sluggishness during the morning Is c
indicated by the fact that up to J
l_:4S there ?u no iranaaction in t
Heading. Weakness of Atlantic ,
Gulf waa a feature of the morning' t
trading. Mexican Petroleum waa
strong, during the morning but eold j
for a loas of several points during t
? the afternoon. Tb* sugar stocks t
were generally Arm and Studeba- j"
ker advanced markedly. General [ |
' Electric made a new low for the j t
year around 1 o'clock. It was j s
pointed out by some brokers today |
that the reaction from the strength ^ (
of two weeks ago la in line with | i
e [ the experience during the January <
f and spring rallies, which were in- '
a terrupted when ba'f the ground had <
been covered. While they expect '
" individual weakness they predict j
it an end for the interrupting period '
of sagging prices, and a contin- j
uance of the rally into early Au- j
gust.
if ,
i: Atlantic Gulf continued heavy in
the early trading today, selling off (
r '% to a low of 1?% before meet- f
'f ing with resiatance. The rise In
Atlantic Gulf on July ? from 22K (
,T to 28% was recalled In connection
' | ,W 1th today's decline Unfavorable
n rumors In regard to the company s ,
' 1 financial position have been current i |
b for some time. and It was suggested ,
! that the stock had been forced to a ]
? | high level two weeks agn for the (
ni purpose of liquldstlon. The same j
'?I reasoning w?s applied to today's
! decline, namely that the stock ?a> ,
e | attacked for the purpose of buying (
i: 1 It again at tbe lower level. A more l
d' direct f-ctor In the movement of (
5 | the stock today was the denfal by .
!r ! J"dg" M-nton ! > the United S'ales (
,{ District Court of the application ta i
amend the decree issued or. :
by Henry C. Mount and others im- l(
WHEAT AVERAGES |!
: SEEK LOWER LEVEL
i
*d 11
>- Weather Forecast Discloses
Overbought Condition? 11
!! Much Profit-Taking. i,
"i !
it! CHICAGO. July 16.?Forecast fori,
!r scattered showers and cooler |,
* ; weather disclosed a somewhat over- i 1
j bought condition in the grain marn
kets and there was considers- j (
,4 hie profit-taking in evidence from
jj the start, and. while the range was (
>r i lower, the undertone was not weak. <
>d | Arround 11.30 for Septem^r wheat
i there was rather persistent buy-'
i ing and the market shewed a
"e strong disposition to react when It '
lo touched that figure for some time.
s* I but buyers were finally filled up.
n LsrK? receipts were a factor In del"
pressing values. Chicago. St. Louis
. 1 and Kansas City receiving around
'? | J.eOO cars, but the greater part of
! this grain was applied on to ar- j
' rive contracts and was hedged long i
ls ! before Its arrival at terminal mtrln
I kets. Germany was credited with i
r* buying wheat over Sunday, but i
quantities were not given. Coun0.
try offerings somewhat smaller. ,
e- 4Hth rains in parts of Kansas and
it- Nebraska delaying threshing. Crop
t; reports were generally unfavorable. 11
ta although Snow's report from Manre
itoba indicated that the crop would i
d. mature before severe damage was
in. done by rust. Weather conditions in
er the American Northwest rather fait;
vorable for the development of the
er latter. !
Corn and oats were easier with
wheat, and on profit-taking, but
September oats showed a great
5? deal of strength and averaged
'* slightly higher in the early trading^
I Rains were reported in parts of
b- Iowa around mid-day. and made a
n- sharp break. The forercast for
w thundershowers in Illinois le<^ t"
er considerable selling of corn, as corns'
plaints of its being much loo dry
11- are coming forward. Threshing rend
turns on oats continue to show dis- |
<s appointing yields and low test
p. weights per bushel. Kaster" J?"
mand fair, with charters for 300.000
re bushels oats at 1 'j cents to BulTalo.
,5 Shorts were the best buyers of
' provisions and September and Orto"
ber lard and September ribs advanced
to a new high for the sea,
' son. Strength in hogs was a fac- ,
Lrf ter. with prices steady to -j e n.
higher. Bulk of sales were at JS.40
0,1 to $10.75. Receipts. 41.000 bogs.
an with 28.000 for tomorrow V. eater
ern run. 107.700. against 101.?00 a
week ago and M.4W >ast_ year.
'e: Money steady; call. ?'.* to ' " *
lf" change par. .
"] \-?i\
sr' ??'. ' " ,s"4;
, Br.'. ?3S i
IB?.:::: :Si ^
"h-r-. ;-Jt
Ji ? : ?s .44*
Pork ... 18.90
?n.
iwtras ftS ?s 8?;
107L?!1"- us. 11 j* 'L"i
ISO1 <rSr?i.k.A by W HikW
Chieafo Board of Trade I J
fe.
3018 7th st se- lot IS. ?<l Sp-13 I
25 401?To Ethel Stein, pressing machine,
410 F st nw; lot 824, sq 456.;
;a. 402?To Mary V. Urea, porch,
lot J0?? Rodman st nw; lot 12. sq 20?
404??To G. A. Carroll, garage. 1011
i?l c at aw; lot 30. sq 351. j
aq 406?To Robert Stead, gas tank.
southeast corner 14th and Pennsytiosjvanla
ave se: lot 19. ?q northeast
aq of H>?5. . .
407?To H. R. Howenstein. five
Jr. houses, 121S-23 Kenyon ?t; lot U?sq
120. aq 2844.
409 To M. E. Marsden. repair.
re. 443 ?th- st aw: lot 800. sq 465.
BROS. & CO. ^
Me mm l*T? .
CKS-COTTON
a?h BI4|.. Chicago.
MKMHERS
?o?rd ef Trad*. *?rk. Fredaos lackanr*.
I lis, OhtmUr el
TC% Baltirror*. Chamber ?I
leant ? > Tn<> Commerce.
. Orun Exekaac*. T.Ud., Fradue* Eackas*. |
i, *?c?aau' Cx- Detroit. Beard of Trade. 1
In York. Bteek Ex- I
a. Cham Mr el okaace '
ilae. Cfcieage, Btect Exeaaage-^/j
FATAL TO
~?
rREET TOPICS p
ounding certain guarantee funds
f the company. It was understood
hat the company relied on the reease
of thin money to pay overdue
lexlcan taxes, and the court's deislon
was taken as bearish on the
"sue. At the end of the third
iour sales of Atlantic Gulf amoant- 1
d to 45.000 shares, making up
learly one-fourth of the total
ransactions recorded to that time.
Sugar stocks csme to the front
n stock msrket trading with an
inexpected display of vigor during
he lorenoon and those issues for '
t time were in urgent demand at
ubstantial advances, comment beng
made on the fac'. that th.? Cu- 1
>an Cane 7 pef cent bonds jmere
"so Jn demand and made a subtantial
gain. Generally this movenent
was attributed to the hardinlng
of the market "for raw and
'eflned sugars. which msy be indicated
by the fact that refined
<ugdr* within a short time have i
idvan? ed from 5.25 to 5 75 It was |
issumcd also that American Beet <
Sugar and American Sugar Refln- j
ng will be placed in a stronger
Position by a change in the tariff |
txpected to be included In the ]
'"ordnev tariff bill now under con- j
{deration. The short interest in ,
hese stocks at tlni?s assumed large <
proportions as indicated by the \
Irading a we?,*k ago In American ,
*ugar for each at prices 1 cent or
more above the market for the
?t'jck in the regular way. t
The action of Mexican Petroleum j
his morning was attributed by ,
some of those who have been active ,
n th*? stock to confidence In the |
probability that ?he representative |
>f the company will soon re-estab- ]
!i?h harmonious relations with the |
r?resent Mexican administration. It
was insisted, homever. in some <
quarters that the chief basis fir the ,
strength which developed imme- |
liately after the opening was thst \
i large short interest was created ,
In the stock when t>e first state- <
ment wai made aboul the agree- 1
ment in the Ways and Means Com- j
mittee to place an import duty of
J5 cents a barrel on crude oil. The |
reeling in the trade and in the In- ,
dustries that are heavy users of |
prude oil and petroleum products. |
however, now is that the proposed
iutv will be defeated in committee.
Last week's reports were circulated
that the export duty composed by
the Mexican government would be
modified but no far nothing has developed
to confirm these reports.
The reappearance of a considerable
number of premiums on bor- j
rowed money and others losning
flat was a feature of the market
today. American Sugar command- 1
ed a premium of 1-32 per cent, 1
Sears. Roebuck 1-16 per cent and
PYucible Steel 1-4 per cent. United! I
Fruit. Western Union and International
Harvester loaned flat.
rONF IMPROVES
ON CURB MARKET
Many Securities Make Slight
Advances From Prevailing
Figures.
NEW YORK, July 18.?There was
i moderate improvement in the :
irading tone in the New Vork curb
market with the beginning of busi- j
r*ess today, many of the industries ,
making slight advances from re- j
[ ently previling quotations and
there was an increase in the trading
in the oil group, especially in the j
foreign oil issues. A feature of the
market was the sudden demand for
Cities Service common, which made j
a gain of 14** points to 120 follow- |
ing the announcement over Sunday
that the financial group represent- ;
ing foreign interests in the com- ;
pany is willing to take a substan- ;
tial amount of new securities of the
corporation. After the sharp advance
the common stock reacted,
and the preferred stock, which
moved up to 4 474. declined to 43"4.
International Petroleum, which has
been in stipply for some days, con- |
tinued offered on a large ocato, j
yielding from l?1* to and Mara- j
raibo was also heavy, ranging during
the forenoon from 1H to .
Merritt Oil was fairly active, with
transaction* at 71* to 7 5-?. There
was a moderate amount of business i
in Gilliland at 21? to 2. that stock
falling again to its previous low
record. Elk Basin was heavy sell- j
ing at 5V?.
Trading in the industrial croup
was small in volu?ne and fluctua- !
tions were extremely narrow. Glen j
Alden Coal sold in the first half of
the day at 34 V* to 33*?. and a few
transactions were made in New Jersey
Zinc at 110H to 110 >4. Sweets
Company was dull, a trifling amount
of trading being reported at 2"?%Retail
Candy again sold at 61.* and
6%. Southern Coal and Iron, after
declining at the end of last week,
wa* in better demand and was
traded in at 1^ to 1*?. Heyden
Chemical was firm at 2. Car Light
was slightly higher, selling at 1^.
Acme Packing sold at I1-.
?
li
Skin deep?
So many youn
too ? have a pros
They are good spei
Skin deep prosj
poor financial com|
Start right by s
With cash in ban
opportunities that %
instead of skin deei
^ Open your ace
The Washingtc
Downtown Bank Res<
900 F Street SIS
JOHN . L A I N I
HOUSING.
fARIFFONLUMBER.'
FATAL TO BOOSWGT
EXPERT DECLARES
President of Forestry Association
Writes Building:
Congress.
TIMBER GOING FAST
??? ?#?.
False Economy to Cut Off Relief
by Limiting
Imports.
A tariff on lumber would Ho
'atal to the volution of America'?
lousing problem. according to
Charles I^athrop Pack, president of
Awfirin Forestry Association.
In a letter to tbs New Tork
Building Congress now in session,
Mr. Pack points out that t>ur own
forests are being: depletes at such
i rate that It would bo false economy
to Increase the demands upon
[hem when such demands cap be
tupplied by importation.
He adds:
"This is not the time to put on
the brakes Just when w# havo
awakened to a realisation of the
serious situation ffl-ought about by
our diminishing forest areas and
r>ur failure to provide a national
Torest policy for perpetuating our
forests so that they will provide
Tor our present as well as future
needs.*'
The New Tork congress Is conducting
an open forum on the
question "What is th? matter with
the building industryT* This question.
according to Mr. Pack, is of
plight importance compared to tl.e
question "What will be the matter
irith the building Industry twenty
years from now?"
"The center of the lumber Industry
is fast approaching the Pacific
Coast." he continues. "This
means higher and higher freight
rates added to tho cost of lumber.
We have millions of Idle acres in
the Middle West and In the East
that are fit only for growing trees
metalmarket.
NEW TORK. July 1??The Lobdon
metal cable quoted tin ?1
lower at ?164 10s for spot and ?160
for futures, with sales of ISO tons
ppot and 200 tons futures. Standard
copper was 7s Od lower for spot
at ?70 10s. and futures were 5s
lower at ?70 17s fid. with sales of
SO? tons each. Electrolytic copper
was 10s lower at ?74 10s for spot,
and ?75 10s for futures. Spot lead
was unchanged at ?21 7s id. and
npelter was also unchanged at ?2
5s for spot.
chicagoTjvestock.
UNION STOCK YART>S. CHICAGO,
July II?Receipts. 10.00?
cattle, 44.000 hogs. 23.0?0 sheep and
2.000 calves, against 12,449 cattle.
40. 25 hogs. 17,077 sheep last Monday.
Csttle?Eight steers and best
yearlings 15a25c higher. One lot
I.037-pound steers made IS 75. the
highest since March 11. Medium
steers weak. Rest cows. I7.00s7.25,
heifers up to |8.00. Bologna bulls
I5.00a5.75. Calves weak after steady
start. Small lots sold up 110.50a
II.00.
Hogs?T.isht grades up 15a25t*.
with best at 110.85; rough and
heavy kinds gained 10sl5c over
clou? of last week. Few parking
hogs sold down to 81.50.
|W.B. HIBBS
A*D
COMPANY
New York Stock Exchange
Boston Stock Exchange
Philadelphia Stock Exchange
Washington Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
New York Curt) Market Association
Hibbs Building
Washington. D. C.
I
e people,? and grown-ups,
peritjr that's only skin deep
nders, but poor savers.
enty usually finishes up with a
plexion. "
aving some of your earnings.
k you can take advantage of
rill make happiness permanent
P.
ount here TODAY.
in Loan \g Trust Co.
lurcet ifff Wwt Fnd Branch I
,0OO,OX.CO 618 17th Street
K ?i r R C S I n KaK T
