Newspaper Page Text
COMPLE1
ANTHRACITE COAL
SITUATION SERIOUS
15AY CITY DEALERS
So Declares Manager of
Large Washington
Concern.
SHIPMENTS SMALL
Statistics Show Decrease of
122,000 Tons Under^Normal
Year.
t A shortage of anthracite coal wiltj
hU Washington u soon as cold I
iwMther appears. The shortage will!
be' caused not by failure to dig the j
. oai out ef the ground, but by the
inability to supply the local demand
when everybody rushes to get their
requirements. It is purely a local
. ondition, declare various coal dealers.
but that will not keep people
from getting cold when the thermometer
drops.
Shipments of coal to this city are
122,000 tons behind normal, freight
figures show. While the total anthracite
production is a million and
a half tons ahead of last year, ship- I
ments to Wshington are below nor-1
raal.
daeatlaa of Delivery.
"That means," stated Otto G. Raymond.
manager of the Agnew Company.
"that people who wait until
the last minute will be delayed in
getting their coal because it will not
be here to deliver. It is a question
of how much can be stored In the
yards. When that amount is used j
up. we have to All the bins from
freight shipments. Everybody wants |
their coal in a hurry, and it becomes j
a physical impossibility to deliver it |
to everybody at the same time.
"If people would order coal now. I
when the teams, wagons and men j
are available and not required to j
work overtime it would relieve the |
pressure on the dealers, and make
less of a rush in the colder weather,
when. If there is snow, the delivery
is slowed up and handling Is more j
difficult because the lumps of coal j
ireese In the cars."
The dealers all point out that the j
buyer has everything to gain and
nothing to lose by buying now.
Prices have advanced in most in-1
stance* from 55 to 70 cents a ton
oVer the low quotations made last
April. A further advance of from 25
to 40 cents a ton may be expected
before the advent of winter. And
when really cold weather comes, as
it mi bound to. the people themselves
bid coal prices up in an endeavor to
secure a part of the limited supply
available. In fact, last winter It
was shown that premiums of $2 a
ton were commonly offered for quick
delivery.
Coats of MlRlif.
The cost today of mining a ton of
anthracite, as figured by Dr. George
Otis Smfth. head of the Geological
Survey, shows a price of $7.75 at the I
mine. Dr. Smith took as the subject
|of his investigation a ton of egg
I coal, went to the books of the producer
which had an average cost
mine, and found that^on the basis
of a ton of 2,240 pounds, the cost was
divided up as follows:
Labor, inside $3.79
Labor, outside 72
Powerhouse and general colliery
20
Administration us
Total 14.79
Material, inside $ -88
Material, outside -64
ToUl 11-52
R?serve. local taxes I .13
Insurance, compensation, hazards
- 27
Depreciation, depletion 37
Total ..,. A * .77
Total mine cost $7.08
Selling expense 09
"Margin" for dividends. Federal
taxes on income, etc 58
Price f. o. b. mJae 97.75
Dr. Smith In giving these figures
points out thai, tjie cost apportioned
'to egg sixe coal is necessarily
higher than the average cost for all
coal produced. Forced, by the competition
of cheaper soft coal, to sell
a large proportion of anthracite at
a loss, naturally the larger sizes
fcave to bear a large share of the
ost of production.
The difference between the mine
| price and the price the consumer
i pays represents fright, handling^and
i* retailer's profits.
The seasonal freight rate question
has been shelved for this year, so
that no reduction is likely on that
score. An agreement between the
mltoirs and operators exists by
which the present wage scales will
be maintained until next April. With
the prospects of a cold winter, after
the extremely hot summer and on
top of the mild winter Just passed
there seems little question but that
the demand, coming in a flood, will
advance prices to a point dollars
above the prices asked at this time.
The dealers report that their
yards are now well stocked. Th?
rush of orders will deplete them
quickly. They take the position that
orders put in now cart be filled easily,
and that the person with coal in
his house is better off than the person
whose coal is on the freight
train which comes to the city "when
it gets there." Dealers point out
that they are more than willing to
co-operate, but facilities for handling
have a limit and the place for
coal is In the cellar of the man who
' wants to burn It. A deficiency of
122.00# tons remains to be made up,
>n addition to normal shipments, in
the next five months, and the dealers
fear a serious shortage, simply
because of the tremendous difficulties
of handling the product when
the ruah comes.
Gain in Steel Output.
P1TSBURGH. An*. *.?The broadr>niDf
in demand upon itHl mill* in
the past three weeks, while plainly
marked, has not greatly increased
ihe tonnage. particularly as the improvement
has ben chiefly in the
lighter products. Steel ingot production
now Is probably a shade over
S* per cent o' capacity, while at the
fiddle of July It was probably at a
trifle under a SO per cent rate. A
r*te of SI Oi 40 per cent may be
reached by October, but rates of SO1
?r per cent are hardly to be espected
before early spring, and then only
with a decided improvement in general
business conditions.
fE DAILY RE
COMPLETE N. Y. STO
rw. Mm llMa. * Cm* HIMa Blif. 1
*0l
S?oeka. Open. fitch. Low. OldM. rfeft
100 Air 11% 31% SI tl + %
a*> AJax KubU-r 2*K ? H
soo A11 lad Cboa Dyo 17* *7* Ml* ? %
100 AIM Chen Dye pf..'... M 80 84 M ? H
2900 Amer Afrit Cbem 54>4 12 S2 ?2*
100 Am Af rll Cb*m pf Bt% 09% 09% ? *
300 AmrlNtSmr.. 2?\ J0% i? 2t ?1
900 AMtku Cam 99% 29% 29% 'J9% * ? %
900 Aair Car foondry 134 Vi 124^ 1244 IMS
499 AavDnif 9r^kaU.... 4fc 4* ?H ? %
200 Aa HMa aad Leatb pf.. 51 51 91 Gl
200 4??r I?tar On*. .. .. 83 JS 89 89 ? %
WO Aatr Locoato 94 93 94 85 +1%
1199 AatHcta Smalt S&S 90% ? %
1909 Anglican Sugar . 9?% 97% 99% 97%
200 Aaier 8aaiatra TDkacco. . 49% 49% 49% 49?4 ' + %
200 AmerUaa Tel Telaf 109% 100% 190% 100% + %
900 America a Tobacco 122% 122% 122% 122', + %
900 American Wool 79% 79% 70 70 ? %
100 Aaertcaa Zlac Laad .... 8 *9 8 9
000 Anaconda 90% 30 95% 80% .? %
200 Aaao Dry Goods.. ..1 29 29% 29 20% ? %
700Atefciaoa 94% 84% 84 K4 ?%
000 Alt. G?ir. West Iadlqs.. 29% 29% 22% 22% ? %
.100 Atl. Galf. Weat lad pf.. 22% 22% 22% S3% ?I
4700 Baldwla Loromo 7Sfc 77 79% 77 ? %
19Q0 Baltimore Ohio 99% 88% 88% 88% ? %
200 Baltimore Ohio pf 00% 50% 50S 90% ? %
2000 Beth Mtael Olaae B 50 00% 49% 50 ? %
100 Beth Steel 8% pf... 90 90 90 99 +%
20? Butte Copper Zinc 4% 4% 4% 4%
200 Battarlck i. 27% 27% 27% 27% + *
200 Caddo Oil 11 11 11 11 ? %
400 Calif Packlat 90'? 99% 90% 80% ?1%
200 Calif Petroleum 38% 38% 83% 33% ?1
14?iO CaHf Lead Zinr . 4% 4% 4% 4% + %
700 Canadian Pacific ....119% 119% 119% 113% ? %
809 Central Lather 92% 32% 82% 32% ? %
1000 Ceiro de Paaco Copper... 20% 30% 24% 24% ?1%
100 Certain-teed 22 22 22 22 ?9
2900 Chandler Motor* . 48% 40 48% 49 + %
; M> Ch**apeak? Ohio .13% i?% 05% M% ? %
200 Clucnco Ort W#*ta pf... 17% 17% 17% 17% + %
000 Chi. Mil. St Paul pf 41 41% 40% 41% ? %
200 Chicago Northweatern .90% 83% 60% ?5% ? % i
1900 Cchlago, R I. Pacific.... 32% 32% 82% 32% ? %
2200 Chile Copper 10% 10% 10 10 ? %
200 China Copper 22% 22% 22% 22% - %
100 Clnet-Peab 40 40 40 40 ?1
700 Coca-Cola 33 33% 38 33% + %
300 Colorado Puel Iron 23% 29% 23% 23% + %
200 Colambia Gas Electric 5ft 55% 55% 09% ? %
100 CCol So 1% pf 471 i 47% 47% 47%
20O Col Crapbaphone 4% 4% 4% 4% + %
TOO Con sol Gas 88% 88% 87% 87% ? %
900 Corn Products 88 88 97% 87% -f H
7O0 CcMid.n Co 27% 27% 27% 27%
1100 Crnetbt* Rt*e| 54% 54% 04% 54% ? %
1200 Cuban Auer Sugar 18% 18% 13% 13% ? %
30O Cuban Cane Sugar 10% 10% 10% 10%
1200 f'ubnn Cane Sugar pf.... 27% 27% 27 27 ? %
200 Delaware Hudson 100% 100% 100 100 ?I
100 Dela. Lack. Western 194% 191% 194% 194% ?5%
100 Denver Rio Grande pf... 1% 1% 1% 1%
r-OO Kndicott Johanon 09% T?% 59% 59% ? %
400 Km R U ,. 13% 18% 13% 13%
3400 Fam Plarer? 4h% 48% 47% 48% 4- %
200 Vara Players pf 77 78 77 78 +2
400 Kla Rubber 9% 9% 9% 9%
4*00 General AspLalt 51 51% 51 51% ? %
200 Gaa Wll'ms 1% 1% 1% 1%
1889 General Electric 118 ll?% 117% 117% ? %
900 General Motors 10% 10% 10% 10% 4- %
100 Good BP i?f 78% 73% 73% 78%
160Q Great Northern pf 73 73% 73 73V.
8oo Grt North. Or sub 28% 28% 28% 28% -f %
500 Greene r Cop 21% 21% 21% 21% ? %
500 r.uston Oil 51% 52 31% 51% ? %
200 Hupp Motor* 10% 11 10% II
ino Illinois Central 94% 94% 94% 91% ? %
300 luhom Ref 2% 2% 2% 2% + %
400 Inspiration Copper 33 33 32% 32% ?- %
300 lnterbor? Cons pf 11% 11% 11 1'^ ?
SOO Int Harvester Co 73% 73% 78% 73% ? %
200 Int H*rre*ter Co pf?...-100% 10r.% 99% 99% ? %
900 biter Psper 50% 50% 50% 50% ? %
300 Inter Merc Marine pf. . 45% 45% 40% 43% 4- %
i 300 Inter Nicel 13% 13% 13% 13% ? %
Invincible Oil 8 8% 7% ?% + %
Ntt Kansas City Soutbern... 25% 25% 23% 25% ? %
N.Y- CURB MARKET TRANS;
<W. B. Hibk. * C... Hlkb. BHih Member. !?. T. Carh
200 Br Am Tob rrg... t2 P'lV*
HtOln AM.. C??l.. ??. 3-V. ^
300 Uteri Rubber .... IVi '% }' "?'h*r
100 Perfwtlo. Tire .94 1200 N.tioMl Tl? ...
100 Radio Co Hi ??
100 Radio Co pfd 3 .. J * T * T ?. .<
300 8oo tal * Iron 2-, .. 1 Anagonda 7;. 29
300 Foited Prof Shar l?i .. 2 Beth Steel U. K
200 I'aiud Det Ood.i. SH : If,1. "'.J! *'
lirnv 8 Ship Corn 21 l? " J Ctil C. Sta ?Ha
JIW0 r * Steam 34 3# 33 1 C<m. G.a
INTlgPENDtNT 01!. STOCKS 1 Goodrich Tirt 7a
400 Boone oil 22 . , \ Grand Tru.ll ?V?'
40O Cnrlb STTi'i 4'. 4>. 4'i : - C.lf Oil 7a
60 Cltle* Service old. IIS - Hein* 7a ?
I 100 Cltlea S b certfs. 13'. ? " T,7*
i 7(100 Cu?hln? Pet 1? - Humble Oil .?
roo Elk Basin Pet.. | 11 N Y S H * H 4i
100 Federal Oil IV. ^ I*' '.?i
140# file, llo. it Oil ha 8."' M> | " S?ar?-Roe 7?. 23
300 C.uffej: Gllleapie ..11 1 - 0 S Y ??4a...
1110 lludoon Oil 1" : J Swift * Co
100 1st Petro 11*i ? K"c
100 Merrltt Oil T?i ? ' "
1100 Jleairo Oil ?" ?l 81 | 3 W 1.0beater 7Via
II*) Moan Prod 8 I K0REH.S
200 Omar Oil IS. ; gwl" Go,t
; 100 Prod k. Ref ?OST
100 Salt Creek IOSi .. '*;
I 100 Sapnlp. Ref * 4 ,
! 100 Skelly Oil ....... 3% ;j Carwju Hill Mio......
104i)u Texon Oil .... 37- ) Inland Creek
! STANDARB OIL IS81ES Mohawk
! 300 Staodard Oil Ind. 70% 70'. 70^ New Conwlla
MIXING. Oaceoia
2000 Bo.t k Moot en *7 #7 Quloey .
I looo Cortes Silver 77 I \ rntura oil
NEW ENGLAND MILLS FURTHER I
GET MORE BUSINESS PIG IRI
? !
Active Demand Develops for j Believed That
Woollens, Worsteds, and tions Are Be
Ginghams. Produ
_ (Special Corraspondeni
(Special Correspondence of The Waahinften Herald and Hew Y
Herald aad Hew York Ereninf Paat.) PTTTQRTTpru n
PROVIDENCE. AUB. ?._A no- I
ticeable Improvement in buying at declines, though i
retail is already said to be reflected iron prices s
back along the line in some of the rea*?"*bly ,?w*
, ^ , .. possibility of pie
industries of New England which litt|e advance ln
make goods ready for immediate giving buyers a
consumption. The woolen and thing as price adi
v.orsted industries are said to be an,d industr
1 . ... taken out of teh
quite busy. The cotton goods mills time.
iare not as well situated in general A sale of basi<
j as are the woolen mills, but in some valleys a few di
I lines, notbly ginghams, they are 2uotAble market <1
very busy. $1,t f' ?* b' Talley
'buLhnoM8 TrMTj PCr'hd lD *" 3^nd
anions are dull if they^re" ever tuna^et on the'eo
dull. Slackness in summer is cus- ? ?
ternary. Mny firms ndrmalty shut ? ?"e='s,'" e*c?s|
down for a week or mor in Julyand . , ' Pri?e 1
August, and this year are shutting )* . , produ<
down for longer periods, giving an J*rlaIS th?ir p
exaggerated idea of quitness. But <>P?ratir
there is nododging the fact that V1 obviously $
that there is still considerable read- i rt ?' cov?rinK
justment to be gone through before ^he on,y P??*ibilit
there will be that balance among bcifl* Justified w
prices in different industries whicn dccrea?c in freigh
is essential before the products of Prese|it stocks of
one can be exchanged freejy for ar? making the
those of another. hausted, and this
Woole. mil. Do.., ablf" v,The rat*
. , . probably be mode
A .Uong recovery from the de- come, amounting t
pression of winter Is taking place 0r 13 per ton of i
'D, N?n, En-Kint W0?llen "d may not come un
ed mills, which are running; at ot the year With
nearly full capacity. While the Amotion th.
situation throughout the country Is i?n_
unsatlafactory. condition, in New
England are looked upon w being .
a little better than in a majority DRY G00I
of Industrial centers. Business men _
are not finding many new prob- a larger use of
lems. but problems due to confu- outer and underw
si on nd uncertainty resulting from the demand for m
continued unven liquidation. popular
The falling off in the volume of _
business In the retail stores, espe- gome *f the ii
dally the department stores, has branded brown c
caused more cautlonless la buying, advanced from '
nd this Is a handicap on the mlllss over the low po
which are trying to get back to year.
normal. Somo say the decrease ln
volume In the retail stores Is due At reductions v
tb the lowered prices, and the phys- jg per cent, snrii
leal volume of goods turned over contract delivery
tl " rr"*' " not creator, to sell more free!
than during the corresponding pe- are being ontmtt
nod ox t year ago. * men's goods.
y
CORD OF S'
CK TRANSACTIONS I
caken I. T. Itwk Kxehaxr.)
an
Mlsa. Steckv Opaa ulck Low. cum. rtge.
yna Kellj Bprlucflvla Tlre .. ?l 40% 4# 40* + %
2#0? Keeaecott Copper , Utt 18'* l? 18 ? *
WO Kowtw Tint ..... 12% 12% 12% 1*% ? *
800 LeMtfl Vtlle/ 12 i2% ? M% + %'
4<? LctW,. . j,- n j 11* 11* ? H
3800 Loft Csady S* S% ?% ? %
100 Uclllai*. P pf.... 100 100 100 100
MO LouLrtll. NmHtIII, mk% 106*4 10?\i !" % *?
10* Maxwell Motor. ctfe .... % % H H ? *
WW Meaican Petroleum 104% 10S',i 104>4 ?X% ? H
200 illaml Copper ...? 30% 20% ?% 3"%
MOO mimic gtatn.Oii?.. n% 11% 11% iW
500 MMr.l. steel M% 24% 21% -?S + %
100 UUmuH Pacific ........ 20 20% 2? S?W + *
MO Mlaufirt Pjrttl.- pt ?% 80% 3?% ? > ? *
100 Montana I'owiier ....... 45 45 43 4*
IOC National Lead 14% 74*1 74% 74% ? %
?00 Ji V Ceatral TO% 70% 70 70 - ??
aoo Now York IXv k ?1% tl% *1 ?? ?1
MV N Y. N H. Hartrield.... 18% -10% 1?* !?'
100 NYWilp..., 20 20 20 !0
440N'?,rfolk WMm On no 90 M ? %
3400 Northern Pacific 75% 7?% 75% 7?
M0 Okla Prwt Ref Inlnc ...... 1% 2 If >
S? Otin Steel V. H>* ,0,? T }?
400 OwekS Bottle Machine .. 2/U 27% 2TVi 27% + %
500 Pac ftca Klectrl - 54 55% 54* 55% + %
1200 Pacific Oil (3* sn 35'i 35%
U00 Pa a Amer Petroleum.... 4S 48 47% 47% %
?l Pan Am Petl. Claaa B... 42 42 41% 41% ? %|
300 Para 8 II ....37% 37% *?% W%
300 Peraa Ke.bo.n) Kteel It R 7% 7%
200 People. Gaa 53 53% 52 53% + ,
400 Per* Marqpette 1?% l?Vi 1?% ' }t +.*4
100 Phillip* Petroleum ....... 19 10 1* '? ,
200 Phil Jraea . ? 74% 74% 74% 74% ?2%
800 Pierce Arrow pf 30 30 :,2?% 30
300 Pullniaa Co 04 #4 04 ?4 ? %
300 Puatft Alegre gufar .... 20% 2#% 2?% 2J%
400 Pure Oil Co I... 27% 27% 26% 2?% + %
100 ttajr Co? C, 12% 12% 12* 12>>
300 Rea-ltnit K R 89% t*>>i ??% '? , + }*
sOO Republic Iron Kteel .... 4?% 4?% 40% 40% ? M
200 Republic Track 9 9 ? " ? %
3000 Rortl Duach 51% 51% 50% 51 ? %
1200 St I,>ut.. Baa Fran 24 24 23% ?'? ? %
300 St Louie Ro'westera pf.. 3SS 33s* 33% 83% 4- %
900 Seam Roebuck 05% ?5<i 04% 8-.%
100 titwttnek 0% 6% 8% 0% ? %
300 Sinclair Cooeol Oil 20% 20% 20 20
3900 Southern Pacific 78% 78% 78% 78% ? %
(WO Southern R R 20 20 19% 20
700 Standard Oil pf 107% 107% 107U 107'. ? %
200 Rtombert Carbureter ... 30% 30% 30% 30ia + %
1200 Studebakor 77* 7?*4 77% 7.%
2S00 T?*i? C'ompaLj S4Vi ?4% S48* 4- <
2700 Teiae Pacific 3'. 23% 22H ?2% ? %
300 Tea Pacific Coal III 1*% 1*% 1*% J**
900 Tobacco Product* '. 37% 57% 57% 57% + %
100 Tobacco Product, pf. .. 80 88 S8 80 +1
100 TM. St I- Vi pf ctfe.... 17 17 ? *
200 Tranncoatl Oil 7% 7* 7% 7% ? %
300 Vaton Oil 18% 18% 18% 18* ? S
200, 1'nloB Pacific 110% 110Vt 11*Jt "9% ?
JOO Vulor Pacific pf 65% 8.1% 85% 2900
raited I?ni? 54 54 -3 *]' *7
000 raited Krult 103ti 104>i 103'. 104% + %
2100 I'nlted Retail Store. 53% *'% 53 53 ? J.
100 17 S Food Product. 17 17 17 17 ? %
700 r S ludn. Alcohol 4k* 49'. 48% 49 + %
200 r S Bealtr naprove 10'? 49V. 49% 49% ? %
rtl r S Rubber 31* 52% 51% ;.2J. - %
12100 IT S Rteel 71% 74% 74 i4S ??
400 r M Kteel pf 109 109 10*'. 108% ? %
900 ruh Copper 48?i <8?i 46% 48% %
200 Vanndlnm Kteel 29V 2?Vi ? ? %
JOO Va*('?rolinn Chemical ... 22% 22% --"a ~% ? %
200 Va<-ar Chem pf 67 ?7 ?7_ ?7_
5011 Waba.h R R 8 .% % t
800 Waba.h R R Pf 21 21 21 -I
100 Weetera Pacific 24 24 -4 .1 =.
300 West Pacific pf ?? 13 ?3 B3
200 Weetern Mf* 44 44 44 41 .
3"0 White Oil #% " *' * .
WillTR Orerlan'l *<*/? ? ? 1?
T-lt'I? ?lel lfMOO .hare., ar.1u.t 444.200 Tcterdar. 1*1.500 ,
week .?o, 173.200 a year n?o aad 597.800 two rear. ago. from
January 1 to date 104.800.729 a?atn?t 140.274.962 a year afo. and
lHS.77S.mo two y??f? ?r>
ACTIONS | FARMERS ADVISED
TO WAIT INCREASE
>.4 '2 .. ! ______
88 ?3 "Don't Sell Until You Get
i. ?j% ?i% ?;% your Price." Senafis
.... I
i. ioi s ioi 101 , tors Uree.
. 103-? LOSS 10SH '
_ m% . j
' i-V o-t I "Pon t sell your goods until \ou
07% *[ * ! *** >our price."
I This advice was speeding over the
. sni, so wires yesterday to farmers all over
.. 077( . | the country.* It was sent out by
I members of the House and Senate
" o-i -?' ap * result of Senate approval of the
. 100*" i administration's farm credits bill,
97?4 07?7*? ! which is counted on to boost prices
. 100T* 10J% 100^4 ! o{ aI1 farm products.
..100 ' "Hold your cotton for a price of
0*J ... j 20 cents a pound." was one message
B?mD8 sent out bro*do?st over the southrov
" * ern states- wa upplemented by a
* '48 ## statement from Senator Ileflin. Ala.
. 210 *! Hi hama. which is to jret wide circula..
121? .. .. tion In the cotton belt. Heflin some
.. 64% .. ... months ago advised cotton planters
" tar " ** to hold cotton* ^hen It was selling
a * " for something over 20 cents. He yes!!
301* 30 36 terdav again urged that it be held
17% 17^4 27% for a minimum price of 20 cents.
This represents an increase of 7,
8 or 9 cents a pound over present
)R0P IN Pr'-Ther? is every reason now that
cotton should speedily go to 20
nnv/irn cents a pound." said the Heflin
IN r Kll p\ statement. "The farmer Is entitled
Jll 1 ItlvLlU to receive that price, and he cannot
afford to sell for les?. I want to
see our farmers, merchants and
Pr*c*n? OiiAiQ bankers in the cotton growing
iicscm v(uoia- Htatpg stand tog#ther for higher
Inw rn?tB nf prices for cotton."
UI Western Senators, appealed to by
lf*tiAn ' constituents for advice, in view of
icuun. , the passage by the Senate of th?
i i credits bill advised the farmers in
m f The Wa&hinrtan i "ke m*nner to ask for hiBher
eck E ran lac Poet ) Pficeo. and to hold their surplus
a. Auir a ?White untn they what th?y ask- Th?
?v'o some room ml P?yc?">losical effect will soon be a
lerhan. nnf ? much hl*hcr ceneral tone to the aglerhaps
not rauca, rlcultura! market. Senators predictire
already u?- j e^.
id there Is" a bare i
iron recording a ( Increases in July Failures.
h^n? Th.f t"r*- The trend toward reduction In
In .KUC| * failures that has been irrecularly in
* . on progress this year received a check
^ "a*e, not, bee.n last month. Bxcluslve of banklnR
reckoning for all anj other fiduciary suspensions
which are separated from commer:
pig Iron in the cial defaults in Dun's compilation,
lys ago put the the July incolvencies number l,444i
lown from $1? to supplying 42,775,000 of indebtedness,
furnaces. The 918 Comparison witl) the June return!
'elation with any discloses a larger increase in liabiliard.
The present tiea than in number of failures. th?
t>ly cost to valley latter rising S.4 per cent and the agke,
ore, and lime- arregte amount involved 23.5 pei
I of $10. so that <ent. While the number of defaults
ess than t? would nf unusual sixe?those for $100,000
:inpr the raw ma- or more in each instance?was th?
otnts of pro?uc- Mm? 'n both months, being St, th4
IB the furnace, indebtedness of these insolvenciei
8 would fall far increased 2$.4 per cent In July. AH
the four items failures considered, last month's al:y
Of an $18 price" cra*e of liabilities is about 2?.?00
ould be a lar*e ?r sorae *?'400 more Per default than
t rates before tne in June' With tw0 e"?Ptions. howPig
lron wh ch ^"-Apr" ?nd J.une-the July total
market irr ,,. indebtedness Is the smallest of th4
is oulte fmnrfth Present year, and 3?.S per cent below
reductlons wTl 1 the h'?h of March.
r*te when they It is now estimated that mort
erhaps to ortly $2 than 80,000 bales of brown sheet*
>t* Iron, fcnd they ings and drills have been sold thti
til agout the end year for shipment to foreign marany
kind at con- keu. pricipaJly for the Far Easl
<s should not last and Near East. " Three-yard sheet?'
* Inus have sold In the largest vol
' ume, and are now quoted on a ba.?
V/VTTo of 8by ieveral houses. Wher
>9 INU1I/B. the foreign selling began, as low ai
^ 7%c net was quoted.
cotton goods for
ear Is restricting *
any silks hitherto THE ONLY SAFE WAY TO
TRADE IN THE MARKET
ailing lines of AT *t*ek K*eha??e luie
ottons have been i> lk?wi. 7-Day Q>tt? tmt m
?c to lc i yard ? ?
ints touched tills F*???a VsllsdM
"yln, from ? to 3^0 CALLS^ $20
>? underwear for Write far B.eklet M, Free
Is now beginning _ _ , ? ' . _
ly. L-ad>M goods C. GeWhmnt k Caapaay
more freely thai service JUllaMUty
M InM Street Raw Yerfc
.
rOCK AC
COMPLETE N.}
<W. B. Klbba * Cfc. HIM. ?u,
NEW YORK. Auk. I.**TOU1 ul4
fwo yeari ijo ???">? ?*.?*?.??
n.eurl<tv?."^,i1,L'* a compl.ta llat of "b<
security and the high, low and closin
Mat
*1 U a Lj?rrt7 >H* "? c?s>
1 U S Libertj 2d 4*. #1 tot
127 U L4h lH IS*** 87 t? * *! ?
Sua E-70 ri* #7 W
*2 IT 5 rj 00 W-N
H J "J ?*h 87.w S7.74 87 80
! Mc 4** rr? - . ...
?! E * \^tor' 4*? ??.70 9*. 60 W I4
U VI2fS! M.M M M M.M
rORKION BONDS.
1 Argentine Uo?t St. m _ ..
I I?4* ioiT- ioi% 101%
H7 ? an:: W Hi 'S*
1 iSf*"! S?" B 5* ?** *?*
15 Citj of Berne 8a.. 99 ..
* J?* * 2** '** 7?* w* 7#*
2 C of thrUllaala 8? 99% 99% NU
1 Cltj of Pari. ?. .. 99% .
16 City of Zurich M.. 100% lOu 100%
2 I>aalah Hub. M A. 101 ..
0 llanlah Mun. 8* B. 101*? 101% 101%
1 Don Republic 5a.. 79%
IDC 5% note*, *29. 93 ..
1 Do of Caa 5a, 'SI. 89
39 Preach Gort 8a... 100% 100%. 100%
112 rreach Govt 7%a. 96% 9?% M%
6 lm Japan 2d 4%a. 05 ..
13 1 Japaa atrl la 4a. 70%
17 K of IX-nmark 8%. 102% 102% 102%
7 Govt of Pweden G? 87% 86% 86%
3 Norway 8* 104 101% 1US%
35 Rep of Chile 8a... 90 98% 90
1 Hep of Cuba 4%a. 60
5 Swiaa Govt 8* 106 105% 106
19 8 Of 8ao Paulo 8a. 98% 98 98
7 I'KGtBftl 5%a, '21 99%
14 I'KGtBftl 5*}V. '22 99 % 90 W?
36 I'KGtBftl 5%a. '29 80 88% 88%
8 IKGtBftl 5%a. *37 Hs 87% 37%
23 U 8 lira ail 8a 100 99% 100
5 U 8 of Mexico 5a.. 33% 33 33
NEW YORK BONDS.
1 NYC 4%a. '57 U.. 91
10 N Y City 4%a. 63 91
RAILWAY AND M1SCELLANK0L8 BONDS.
| 1 A Kip col tr 4a... 61%
| 35 Am Af Cheat 7%a M% 96% 96%
2 Amer Mmeltiaf 5a. 79% 79% 79%
r Am TAT evt M. 100%
46 A 8 ft T col tr 5a. 85% 84% 85
. 18 Amer T ft T col 4a *0% 80% 80%
6 A ft Co rl eat 4%a 80
23 At T ft 8 r fea 4a 77% 77% 77%
4 AtTftMK crt 4a. '55 70%
j 3 A Coaat Liae 4%a. 7?%
j 2 Atl Kruit ct 7a... 40
1 Atl Refloerjr ?%a. 101%
11 Atlaa Powder 7%a M% .. ..
i 10 B ft Ohio ref 5a .. 72 .. .
2 B ft Ohio crt 4%a 71
11 B ft Ohio fold 4a. 70% 70 70
1 B ft O pr la 3*ia. 86%
5 liftO 4a. PLKftWV 66% ?P, ??%
11 B ft O 3%a, 8 div. 83 82% 82%
4 BftO 4a. TftC dir. 55 54% 54%
1 Beth Hteel ref 5a. 86% ..
3 Beth 8terl 5a. 36. 77% 77% 77%
| 2 B Edit-on 7a. ?er C 99
5 B Rdiaoa 7a. aer D 99 9S\, 9h%
1 Bush Ter Bid* 5*. 74%
5 Caaada Boa 5a 87 I
23 Can Northera 7a.. 103 102% 102% i
20 Caa Northera 6%a. W 981 98\|
2 C of Ga Ry con 5a 84%
3 Cent Leather 7a... 100% I
1 Cent Pacific ftd 4* 73
6 Cerro de Paaco 8a. 107% 1<?7 1?7
1 C R ft B Co C.a 5a 80%
13 C ft Ohio cet 5a... 83 82% 82%
4 C ft Ohio fen 4%* 76*3
2 C ft Ohio crt 4%a. 78 77% 78
4 Chi ft Alton rff 3a 45
3 Chi ft Altoa 3%*.. 3* 35% 35%
3 CBftQ est 4a. N d. 90
69 CBftQ joint 6%a.. 101 100% 100%
1 C M ft 8t P fen is 69S
7 CliftfttP ret 4%a. 67%
2 CkftftPtP rff 4%s. 61
1 C M ft 8t P 4a. *25 76%
1 CMftBtP d 4a. '34. 39
;cw * xw ?t ? . so
1 rhlnio * NW It. 101!
11 O I I t r |U ??. 72V*
1 Chi a *M lad 4? <0
2 Chile Top crt M'? ?? 9>
4 Chile Cop ">1 tr ?. 711, 7|?, 7m
3 C O C A S? f. ? *>4 SWS 9?'i
1 CCCAStL C dlT 4? 7X?,
I Col * Sou rff 4m 7?S
rt Cub Cane Sua 7s. M*. tt.**1. Mi,
2 Cuban Am kuf . ??V "S S?',
1 Cuban Ral!ro?d 5s fit
I M D t Slo r. rff 3*. 47 4?', 47
? II * Rio <1 coo 4?. ?vs ? ', ?-"'S
5 Detroit K<ll?on ? Mi. HH 88<4
i 7 Diamond Mat 7'j? 104
20 Dup de X P 7<4?-. 0*\ K71, ?iU
: Duq Lie lit i P ??. *2 1'Ha ?2
2 Krle prior lie* 4a. .*dl
12 Erie gen lien 4*.. 41 48^ 4#4
1 Krle e*t 4*. t.er 1>. 42 ^
20 Erie-Pa col 4. 7?4
3 IIrand Tronk 7?... 1024
13S i.reat Northern 7a 10O*. l'KI100*4
13 (ioodjear Tire Sa. 1024 102S 102S
4 II * M ref 3a. A.. ?7'. 67\ ?7'.
14 H ft VI adj lnc 3a. 43 42', 42V,
12 Illinolo Cent BL,?. 101V, 101 101
1 Indiana Hteel St. . 90*,
10 Interb-Metro 4*,.. 16\
3 IH 44a, T C ctfa 134
81 Interb R T ref 3a. 5?4 3? 3?H
? Inter M M af IK.. 7??. 7?4 784
3 Kin. fity Sou 5a. 77S 77*. 774
2 K Citj Sou l.t 3a. 37
# K City Ter lat 4s. 734 73 734
18 K Bprlngtield 8?... ?74 ?" ?7
3 Lnck Steel '2S. B'.U
3 Lnck Steel f*. '30. 334
1 L Krle It W lat 3. *1'. .. >,
10 Lake S * M S 34a 674
1 IJf * Myera 7a... 107
I I. * X unilied 4a.. S34
1 Uoota A Ark r?a... 70 ..
1 Marian*! Oil 6s 91
4 M Re con 4*. tel. 38
2 Market St Rr ?... 704 70 70
16 Mexican Pete *?.. 98
3 Mid.ale S crt Sa. . 78
23 Mo Pacific ?en 4a. 34 4 34 34
4 N O T A M lnc 3a 39
9 X V C * H R 34a 67*; 66'. ?!4
10 KYCJtHR X K 4s. 4?S 4?. 4?H
29 XVC4HR deb 8s.. 93 924, 93
7 XVCJtHR r*l 44a 79*? ...
1 ( N Y C 4 B R 7a. 102 101% 101%
3 XYCABR deb 4s .. 7S1
3 XYC41IR ron 4a . 71
3 XYCK1.R4P C p 4a 6*',
1 XYXH4.il c 6a. '48 HO
1 NYXH4H d 4e. -36 42 .. ..
a XYR ref 4s. T C c 1?4
8 K Y Rja ad J 3s. . 3
2 X Y Tel deb 6.... 9.14
4 X Y Telephone 7a. 1024
7 X Y Tel ?en 44a. 82S *2 82%
1 23 X Y Tel 44a re?. 824
1 S Y W A B 44?- S?4
1 X ft Ron 3s. ?er A. 46V4 ..
3 X ft Weit con 4?. 78
4 X ft Went crt #a.. 108%
2 X ft Weat dl.l 4a. 774 , ?
Xor Bell Tel 7a... 1024 102% 102%
11 Northern Pnciflc 0? 101 "
3 Oregon S I. rff 4a 84 834 83%
I 2 0f*8-W R ft N 4s. 72
2 Pan Amer Pet? 7a. 90 , ..
? Packard Motor 8a. 96 "
' 3 Pn B R 7a. 30. 1084 103%
' 8 Pi R R 5? ? W S %
53 Pa R R con 6%?. 09% 9?% ?%
, 2 Pa R R OM 4%? *>% 80%
I 2 P? R R ?? 4?. '48 81
1 Pere Mar re* 5a... 8J
i PMiippiae ny 1? ^;u
' 2 Readtnf fea 4a... .;?% .5%
|@i
Divideadi oa |||
Preferred Stock I
Onaranteed. cumnlatiie <rtth W|
poMtUllflea of 100% la a m- l!j
liable Industrial coacem ion* I j
paat th. experlmaatal atafa, B
doing bualaeaa with noaa of tk* I j
tanging concerns of the country Bjj
and bneked by aubatantUl nag H
repntnbla bualnena men. j! I
Writ* for detail*. ( 11|
! ,Baa3SS0 |||
Tha Waftfaflaa HaraM |
ID BOND
[. BOND SALES I
of boafta en the Stock lukuct
#0 yaaterday. ts.017.00ea *Hk a*?,
two yuri ago. From January 1 to
,M0 a year aco. and tl.070,101,000
tad aalea today. Total salaa of each
Vo?c" ^
Mm.
Hlrt Im <Saaa
J SI lit 5a. Mr . *?* 14% T?%
l stL*&r (? a>. c. to
* ?* p* ?7* ?T*
S 5. i* iJ * w* w* *T*
T 8t L 8W Tarm &a. Uti 00 00
1 ItnCAWH m *. U1
2 Air Uk rff ?a. 40
?? ? Air Llat ?4j 5a. 90 St% 20%
0 8aabd Air Uaa ta. 00 m\ 90
? MarUIr roaa 71a.. 18% Kt%
IM Padlc en to. M% 01% 01%
IJ ?ou FariOc rff 0a. T0% TOVa 10% i
1 Soc I'ac col Ir ?a. T2 . |
1 Son Bw; coa 8a... M
J Sou Bat (ea 4a. .. ?T%
U sua oil of Oal 7a 1U0H 100 lua
1 K A T Co of An. 7. 02',
8 Third An til 5a.. 02V, ..
4 Tld. Oil Co 0%a.. 03 |
1 L'aloa Pael8c ?... 100
01 Va Pacific lat 4a.. 81% 01% 01%
1 t'a Taak Car 7a.. 1?1%
I V H B of 8 r ?a.. 28%
1 U 0 B A Imp 5a.. 07%
0 U 8 Bab 7%a. SO 101% 1?1 101
ll'l Hubbar 7a.... 00%
25 U 8 Rubber 5a.... TOW !
8 U I Il?l . f !a... M% MS, 04%
1 Va-Car Cham 7%a. 01 .. j
1 Vlrgiataa Bw/ 6a. 80% ..
2 W aba an lat 5a..., 07%
l> W Bloc A Mff 7a. 102 101% 191S
2 W N V A P lat 80%
1 Wa.taro Pacific 5a 00 A
? Wllaon * Co lat 8. MS ml% 8?%
2 Wlac Oat f? 4a. 80 "
FOREIGN BONDS!
(rvntoM by W. B. KIkW ft Ok) 1
Berlla 4? 124 *2H 124
Greater Berlin io 12 12 12
Bremen 1?% ! %
C'obleaa 4a 13 S ' US US
Cologne U US U> 1**
Dreadea 4i 11% 11*? ll'a
Dreaden 4S? It*4 It*4 It1*
Dueaaeldorf 4s 1B?, 13V, 18',
E?aaa 4s 13% 13% 13%
Fraabfurt 4? 14'4 14^ 14%
Frankfurt 5a 1?% 1?% 14% ,
Hamburg 3s 10% 10% 10%
Hamburg 3%t 11% 11% 11% '
'Hamburg 4s 12% 12% 12% i
Hamburg 4%a 14% 14% 14% |
jl^lpaig 4%a 14% 14% 14% i
IWpsig 5a 13 15 15
I Maab-b 4a 14 14 14
Niermaa <iovt S? 12% 12% 12%
Cerman Govt 3%a 11% 11% 11%
|<ienaaa Uort 4a 12% 12% 12% !
German (io*t 5a... .... 12% 12% 12% j
Krupp 4a 14% 14% 14%
Iladi?che Aniline 4%*.. 16% 16% 1?% ,
A'lgem Elerk C?? 4%?. 15% 13% 13%
Meiainger Hank 4a 14*, 14% 14% 1
N'ortdfUtiwh^r L B 4*.. 15% 15% 13% I
Vienna 4? 2% 2% 2%
Vienna 4%a 2% 2% 2%
Tirana 5s 2% 11% 2% |
French 4a 49% 4J?% 40% 1
French 5a 1% ?1% 01%
F-ench Premium 5? 71 71 71
Rrltiab Victory 4* 282 *>2
National War Loan a"?a. 375 375 57.
War Loan 5a 324 324 324
Italian 5o 34 34 34
Italian Note*. 1025 44% 44% 44%
llelgiaa IUi .V 71% 71% 71%
Belgian Premium 5?... 74 74 74
| FOREIGN EXCHANGE. I
(Furnished by Amarieaa tacarlty u4 I
Tnut Ca.) f
Tear
Cloae. Ago
England pound 331 3.72
(Canadiaa. dolUi *05 .S?%
Hongkong, local ..." 5075 - 70*4
Hhanghal. tael 1.06
(France, franr .07* .??740
Belgium, franc ?75 .0004
Switzerland. fraac Id7
Italy, lira 04*5 .0527
r.ermcny. mark 0125 .??21
ftrnmark. kroner ?. .154.% .15*5
Norway, kroner 1205 .1505
Sweden. kroner 2055 211 ^
t'ieobo-tilo*akia. kroaer 012*
Giaece. drachma 12
Holland, gnilder 306S .33?
Spain, peaeta 12*0 .133
Japan, yen "~J*
Anatria, kronen "?13_
Poland .0005075 .. .
Uumaaia 013 .023
Draw only in U. ?. dollar*.
WASHINGTON PRODUCE.
(Faraiskei hj (ialftea A Ca.1
Kfg*?Southern. 3Gc: nearby. 3*c.
Butter?Print. 47a54c; -creamery,
extra, 45a51c; store packed. 27c.
' Poultry?alive: roosters. 16al7c:
turkeys. SOatSc; springers. 34a38c:
white Leghorns. 28a30c; h<?ns. 27a
30c; keats. 75c; dres%ed fowls, 33a
35c; turkeys. 43a45c; roosters. 20a
23c.
Fruits (ffreen)?Apples Western,
per box.-tl.50a2.00; lemons, per box.
$10*12: Georffi* peaches. $S.50a :
new apples, bushel baskets. $3a3.50
Vegetables?New potatoes, bbls .
$5.S0a6. 10-peck sacks. $5; cantaloupes.
tops. Arisona standards,
per crate. $2.25a2.75; ponies. 75ca
12-00 string bean*. $1.50a2.00 bu.;
new cabbage, home grown. *4 00a
4.50 per bbl.; beets, per bunch, 2*6c;
peppers, per crate, $1.00*^.00; nearby
cymblings, per crate. /1.50*2.00:
North Carolina loupes, standards.
$1.50*2.00 flats. 75ca$l.?5: South
Carolina loupes. standards. 75ca
$1.60; flats. 50ca$l. Sweet potatoes,
per barrel. $5.50a^ 50: yams, per
bbl.. $4.00a5.00..
* New York bunch celerj*. 75ca$1.00;
watermelons. In carlots. 20a22 lbs.,
average $1.25al.50; 24a26 lbs., average.
$1.75a2.25.
Meats ? Dressed veal. 15al6c;
choice calves. 9%al0%c.
Of the 120,000 pieces of print
cloths sold at Fall River last week,
nearly all were for delivery within
ten weeks, and most of them were
odds. Some mills ths* had been
Idle in that center, resumed production
on a four-day-a-week
schedule
Plunk# Rclertsvn & 0
Members GnsxMted Z/ocLL* J
821 15th Street N. W.
Telephone Main 3160
WASHINGTON, D. C.
M. P. DRAIN. Mgr.
Important Development!
Are pending in the market?
every Indication points to
continued accumulation of
good stocks, preparatory to a
resumption of the upward
owing. Tfce tlaae ta bmj ta
before the advance atarta.
"Bulls & Bears"
this -week ?ivea worth while
suggestions on these and
many otktr stocks:
Aaorkoi Cm Con Proiocts
Mottr loNr4p*fM<
lotto. 4 IWo I I. Foaooi riorort
aasi Potraoos twt| W
Ca*. P^anr .r Ifrflt /areasv
New York Office aa Beaver St
EKCWaRK PHILADELPHIA
BALTIMORE
TWANSi
DULLNESS AGAIN <
PREVAILS ON N. Y.
STOCK EXCHANGE
Trading Ii Similar to Ordinary
Week-End
Market.
TONE STILL HEAVY
Rails Practically Unchanged,
While General List Suffers
Fractional Losses.
* I
NEW YORK. Auk. 6.?Dullntu i
prevailed on the stock exchange ?nd j
< ?.ii w:tn such as ordinarily characterises
a week-end market. The I
tore, however, was heavy. Rails ;
vere practically unchanged. while j
steels, equipments and coppers were |
fractionally lower and cbeniral .
shares were distinctly weak. To- I
"'"rd tv ' !<* fractional losses predominated.
Sterling: continued its
tally. L-u,? one cent at $3 M"4. :
and it is increasingly clear that i
shifting of funds in connection with I
reparation requirements is playing
a large part in determining the
prices of the foreign exchangea. j
Cotton was moderately active and
firm. October being up six points at
13.50 cents. Trading in wheat was
small with September slightly higher
at $1.19.
Clearing Hoaae fi?rpli?.
In place of last week's deficit of
$13,300,000 the clearing house banks
show surplus reserve amounting to
*19.*00.000. Reserve deposits aMhe
reserve bank meanwhile have In?
nased b> $22,300,000 ioans are $45,300.000
larger, and deposits show a
decrease of $90.SOO.OOO. Practically
all of the latter shrinkage occured
in net demand deposits. Government
deposits, on the other hand, are
greater by $113,700,000.
Changes of the week in the principal
financial markets have been frregular
and disconnected. Stocks
reacted on profit taking and a resumption
of short selling, rails leading
in the decline and activity being
still chiefly of a professional character.
Cotton rallied strongly on the
poorer condition shown by the government
crop report and continued
reports of weevil damage. Wheat,
on the other hand, felt the effect of
liquidation arising from heavy re|c*ipts
and somewhat lighter export
demand. The foreign exchanges.
| after starting the week under a
i pressure of offerings, developed a
I change of front supply disappearing
I and bidders forcing prices up.
It might be assumed from these
j circumstances that the present outlook
is discouragingly uncertain.
Such a view, however, is not Justi{
fied by a closer examination .of the
facts. The lightening in the New
| York money market for example.
; docs not signify an important re!
versal in the previous tendency to1
wards easier credit. It is rather a
J symptom of an equalisation in
money conditions throughout the
country following on recent striki
ing recessions in rates. It would appear
that the price of money del
clined too rapidly at New York, or
} at least, more rapidly than in the
i western centres. As a result money
, flowed out of New York to equalise
the differences, and while by the end
of the week New York rates were
higher, those at Chicago were lower.
Similarly in the case of the stock
. market, too broad inferences as to
the probable course of business
should not be drawn from sagging
prices. Apart from the naturalness
of a reaction on technical gounds.
I the significance of the week s de!
cline probably is slight. Under norI
mal circumstances a turn of the tide
in stocks anticipate* that in general
business by as much aa 6 months
1 Existing circumstances, however,
are distinctly abnormal. The wave
of liquidation in the current business
cycle has to take account of
not only the post-armistice speculation.
but the huge Inflation of the
war period. Uncertainty as to industrial
and commercial conditions
considerably increased. The public
now wishes definite assurancei
I of earning power before bu>jng
1 stocks. For this reason a quickenI
ing of business activity is as
ly to precede a turn in stock as th?
i"?tter is to anticipate better busi
ne.-s.
j a matter of fact, the busmesi
I outlook is better. Rallying cottos
' prices enable Southern planters and
| traders to sell parts of their hold*
Ings. and ao gradually rt*??ce theli
I borrowings and streng^^n tneir positions.
Westen farmers, thanks M
| crop damage in Europe, are able tc
sell their grain freel> at prices better
than had been anticipated. Thi
indices of the trend in wholesale
commodity prices not only reflect
the higher return for farm producta
but point to a slackening in the raU
of decline and an approach to stabilisation
The steel industrv feels a
better sentiment and believes thai
the lowest ebb in the demand hai
been passed. Altogether, the makings
of better domestic trade in th?
fall clearly are at hand.
f
\t( IS YOUR 1NSUR
Has it erer occurrec
tike insurance money
tected? Arc you sat
ciaries hare the trail
manage this fund safi
The creatine of a
pany's administration
safety and the careful
a nee. Come in and ti
1
2% pmd am Ckmikmg tm
^ CDWAPD . STELL
il ~
\CT1QNSI1
BUYING OF NEWA91
WHEAT ACITO
Millers ?>d Exporter*' C#*
petition Fail* to Strengthen
CMICAOO. Aug l^-SIfler, u<
exporter* are competing for the new
winter wheaV In the aoft wlntei
wheat territory tome of tlx mills
hare evidently let Ui? wtal jkll'
*wty from them, or there wu *er>
lltUe raised In their section, for the>
ha?e been Inquiring for sup?ll?eiK)f
terminal markets during the past
week. Millers In southern 1111 soli
who usually draw aupplles from 8t
Louis. have asked for^offers of wkui
In Chirac? They ire doing mort
business In flour an$ need wheat. In
the Southwest, millers are more active
ahd repart a great deal of lUui
selling for export.
This has enlivened the flour trade
hut It Is not considered as renerdl.i
active, taking It In >811 sections .Do- .
mettle buyers recently loaded ?p
with 30 to tO-dij requirements, but
mll!er? throughout the country fert
not regarded a* rold ahead lhoie
than 30 days. Flour prices sd van ceo
over $2 a barrel on springs and tl
a barrel on winters three weeks ago
all of which has been lost. Whes'
prices have loat about all their r?[
cent advance, yet the market hold*
surprisingly well, considering the
heavy movement which 1* of recorrt
volume at primary markets and Is
regarded as having reached Its maximum
for winter wheat. Sprint
wheat I* beginning to more, but
there 1, a large quantity of winter
wheat moving Into Minneapolis,
which swells the reo ipts there. .
j Caah wheat premiums at Chlcagliav.
disappeared with the exception
of dark northern spring which range"
from 8 to 12 cents over September
at Chicago, while at Minneapolis * >
; 1 dark northern spring sold at S,i
( oents over the September at one
time, with No. 2 dark northern at "?
j cents over. This would make th.
Price for the latter around $2 per
I bushel. There is very little of this
i wheat coming in. however, as It is
: too early, but with any material InI
crease in tfi*- movement the premium
; is not supposed to hold. It look*
as though the Minneapolis millers
were paying the fancy premiums td
use a? a basing price for selling
their flour They have done this in*
the past and appearances are tba
I they are doing it at present
Failure of the corn market to decline
materially In the face of htiv>
rains over the greater part of W>?
: com belt, which In many section*
1 are nufflcient to carry the crop to
t maturity. waa attributed to the lack
| of heavy general liquidation
of the buying of late has been seat*
' tered. and there has been no cor
centration In the holdings, so thai
the market was a ahort one. Pr?fri
taking on the decline? afforded aupport.
Leather Trade.
While recent activity in hide ma-ket*
has not been fully maintained
fcks of desirable lines are small
I and the statistical position is strong.
Sellers of packer hides, however,
i-re not as insistent upon some ad1
vanres previously asked, although
additional transctions have be* n
ffeoted at steady prices. Tanner*
j s. em inclined to purchase goo<N
| ?.t fclity summer hides, provided no
increases a.c named. With a Jsrgel-usiness
i;i certain quarters. mor?
confidence is being expressed in
It ather circles, and export domani
is encouraging. Reports regarding
footwear conditions are aleo ifK>rr
favorable, manufacturers in minv
j sections hiving booked a g<?od a*.
| ~egation of orders for early fal'
delivery, and production of al<
I Vather sh->e* hss risen. Retsi4er?
show mor* disposition to buy rep
j ularly an.] a better situation ha*
developed fn staples.
jj^~ i i TT~"
I A.A.Housman 6 Co. |
|l 20 Broad Street. New York
ilk
Menken of All
Leadiag Exchanges
I Orders executed on a I
I strictly commission basis, m I
1 I stocks, bonds, cotton, gram. I
| | n sugar, coffee, cottonseed oil I
, I and provisions.
Order s_ also accepted on I
S give-up basis to any member I
I of an exchange of which we
are members.
:|f Washington Office
Mail FImt CsmiW
i M Weodwxrd BaiMiag
i 11 Telepbaae Maia 2040
ance insured?
I to you to consider how !j
you leave will be pro*
isfied that your benefiting
and experience to
My?
trust under tins com
i will make certain the
handling of your insurdk
it over with us.
Union
Trust Co.
j of the district
of columbia ii
? ConlStt and HSta.
Morthwoat
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