Newspaper Page Text
All the Latest Financial News with the Latest Stock Market Quotations
WAR IMPROVES CANAL SYSTEM Calhoun's Century-old Plan Gets New Impetus, says Holland. Almost a century l?f? paseed ,1nc^ John C. Calhoun. as Secretary of War In the Cabinet of roe. advocated a system of way and inWrnai Improvements. wMch is now. in partat adopted by the government, chiefly by r#??on of the exigencies of the war. Calhoun wrote and *>?ke with much fervor of a project he had worked out whereby a system 01 canal* skirting the <x*?t Mid Ing from Massachuaetts Bay to the Savannah Kl?r. or possibly to the Gulf of Mexico, ahould be undertaken by the Federal government. He was, aUo emphatic tn his i^commendatton of ? internal Improvements, including a great national highway from the Atlantic to the Ohio River. There were also other feature* of his recommendations which art now te be adopted, after a hundred year., by the government, whereby Internal waterways, both artificial and nat ural. and the Improvement of navi gable rivers, can be so utilised aa to supplement railroad transportation and act In co-operation with the rail roads. MeAdoo Starts Ball Rolling. The first Indication of this purpose of the government to commandeer and aid artificial waterways was made throagh the announcement that Di rector General McAdoo had decided to take over the new Erie barge This canal will be ready for tise probably by the 1st of Jane, cer tainly not later than July 1. sir. McAdoo has been informed that there is no reason why at least 10,000.000 tons of freight should not be trans ported on the Improved Erie Canal to and from the Great Lakes before froet comes next fall. The original Erie Canal was open ?for operation about the time Calhoun became Secretary of War under Pres ident Monroe. The construction and future influence of this canal upon national prosperity interested Cal houn greatly and the project itself undoubtedly Inspired him to make his recommendations for the con struction of a great coast line canal which would parallel the Atlantic ? oast, and which would make use of Long island Sound, the Delaware River. Chesapeake Bay and the sounds of North Carolina, all of which were to be connected by arti ficial waterways. fr? Cumberland to Washington. Director General McAdoo Is to au thorise. if he has not already done so. I he government's operation of the Chesapeake and Ohio Canal, which Is the largest waterway constructed after the Erie Canal was built, so that upon this waterway may bo car ried coal from the coal regions In Cumberland, to the Potomac River at or near Washington. Furthermore, under governmental authority, it is proposed to build a large fleet of canal barges for navi gating the Warrior River in Alabama, so that large amounts of coal can be | transported from the bituminoua re-1 gion of the South to the Gulf ports! where the coal can easily be placed i upon steamships. Last winter, when the railroads j were congested and last summer be- ^ lore there was full appreciation of I the danger of the shortage of coal, and of freight congestion, some of the j men who look far ahead were per suaded that the government should utilize for additional transportation - facilities all of the existing inland i waterways during the open season which lasts usually about eight ?months, ana furthermore should Im prove the waterway facilities. These improvements and the utilza tion of existing waterways, artificial and natural, should. In the opinion of I the authorities, prove of the utmost . value after the war Is ended. It Is I ? certain that there will be a very great demand for transportation and dis tribution facilities whereby our com modities can be moved to the markets and to the seaports, especially those commodities which will enable the Vnited States fairly well to compete with Great Britain for the worlds trade after the war is ended. | The president of the United States j Chamber of Commerce. R. G. Rhet, was recently informed by Richard M. Edmonds, who has made a careful study of transportation facilltes, that ?Inadequate transportation facilities have shackled the very life of the na tion. and if we could overnight spend I5.GOO.OOO.OOO in the enlargement of rail road mileage, railroad terminals and rolling stock, we still would not have the facilities equal to the needs of the hour." This being so. It Is inevitable that If we are to meet our opportunities, transportation facilities by water, by improved highways, and particularly by the development of the motor truck, is of the utmost Importance at 'this time and will be of equal Im portance after the war Is ended. Qslrk Development Tfsw. It Is a fact spoken of as extraordi narily interesting, and one of which the Director General of Railroads. Mr. McAdoo, has knowledge, that aft er the lapse of 100 years the govern-1 ment of the United States is beginning to. undertake the establishment of In ternal waterway improvement along the lines advocated by John C. 'Cal houn. when he was Secretary of War. Probably the reason why Ca houn's plan lapsed was the sudden and speedy very great development which began a few years after Calhoun re tired from the office of Secretary of War to become Vice President of the ?United Statee. Very likely, as a result of the ex perience which the extraordinary emergency occasioned by the war will furnish, the people all over the United States, especially east of the Missis sippi Blver. will find that at last adequate transportation and distribu tion facilities have been procured by wise operations of the railroads In co operation with and by the utllxa*ion of existing artificial waterways and the wise and economic Improvement of natural waterways, supplemented perhaps by the construction of excel lent highways over which .notor tracks which are already beginning to do great service in the transporta tion of commodities, may with safety and economy pass. "HOLLAND." BP* BOKDfl NEW YORK PRODUCE. NEW YORK STOCK MARKET. FutniAed W. B, ] * Co. Can . ?rican \Caa p*........... Car Je Fdry Cotton OB............. srican Ice .......... Ice pr ? 1* 1% 25% m Close. 1* - 1% S o%* OS 90% ? I ?% 20% ?s ?a i% ? i if* 90% Wo * Ohio 51% Bal to * Ohio pr.v 53% Bstdpfls MMng 1* Bath Stl .Class B 79% Beth itt'0% pr.. 106% Booth PUbofca J ns "taoUra H.p t> as Bam. Brothm I9i Batt. Oop * Zinc ? Bntta Superior a OaUlonila Pltl | ? California PK ? Catnmrt * Alfa ? Canadian PmM. 13K4 <*?t Ftamxfcj pr.... an Cai. do Pun Jl* Jl* ama * st p... 3K a-3 ?i MU * St p ?r........ m. ??u p?c....:. mt imi <*i R I * P?c ?% sr. K M Chflo Copper ...^. l?% ]? ?noCopJ?r ?H ? gy q? c ? w. Col Pan ? Ire. ?m m CotamM. <3.. SI M Cbo Gw nf N T m tm gkTSS-J* 3 ; r 2* Distillers' Seen 49 2?? Miniiw Mi 8* Jtae storw Bat. OH ??* Erta tot pr..... ws 3 Garten Wm. * W. an 33* General Electric 142 141 Genscal Motors ?rr... 1IT% 1154 General Motors pr TP TP Goodrich (B F) 44 44 Goodrich Pr (B F) 99"%# 9P Great Northern pr ? 89 Great Northern Ore 29% Gulf States 8teel 11 Hi Haakell a Parker 30% Inspiration Cop'r 51% Interboro Conso] J% Iat Agricul Corp'n 15% Int Agricul Cor pr 4T Int Harr of N J 13 Iat Met Marine 3% Int Mot Marine pr 87% Internat'l Paper 41% Int Paper pr (sta) 63% Kan City Southern .* 15% Kennecott Copper 38*4 Lackawanna Stl ..... 80 Lig A Myers pr M6% Loose-Wilea Co 22% Maxwell Motor 1st 53 Mexican Petr'm Pt Miami Copper 20% Midrale Steel 45% Minn A 8t L (new) P Missouri Pacific 7U% Nat Enam A Stpg ?% Nevada Coper* IPS National Lead 57 X T Central ?8% NT JTH * Hart 20% Northern Paciflc 83% Ohio Cities Gas 38% Ontario Mining 9% Paciflc Mail 89. 30% Pennsylvania 44% Peoples' Gas 46 Philadelphia Co 24 Pierco Arrow 37% ' Pittsburgh Coal 52 Pitta A W Ta 274 Pitts St W Va pr... ?\ PresMd Steel Car 58% rub ?err of N J 98 By Steel Springs 55"i Ray Copper 24% Reading Railway 81% liep Iron St Steel 80% Royal Dutch 75 Phattnck Aria - 1$% .Sinclair Oil St R 28% Sloes-Sheffield 58 Southern Pacific 82% Southern Railway 28% Southern Railway pr 5P% Studetaker 35% . Superior Steel 37 Tenn Cop A Ch 1?% Texas Cos 145 Tobacco Prod 54% Twin City R T 47 I'nion Paciflc 119 Union Pacific pr 70% t'td Cigar Stores S9% United F>uit 122 United Ry In res 714 Utd Ry Inves.pr H% U 8 Alcchol 125% F 8 Realty a Im 15 U 8 Rubber 58% U S Rubber 1st pr 102% I U 8 Steel p|% | U 8 Steel pr 110% Utah Copper 79% I Va-Car Chemical 47 | Wabash pr A X?% Wabash pr B 22 I West infill ouse 40% Willys-Overland 17% J Woolworth 115 BUT BONDS CHICAGO GRAIN. ?% 29%| 108 mo | 38% >1 51% I T% T%| IS 15 I 48% 46% 13P 121 | 23% 3% 86% 87 W% 40 ?% ?3% ! 15% 15% 33 32 J ? 80 1 105 MO S 23% 53 53 92% 92% 3% 28% ?% 45% 9% 8% 20% 20% 51% 51% 19% 19% 57 07 I ?% ?% 21% ?% 37% 9% 30% ?% 46 22% 36% 52 27% ?% 00% 9 35% ?l% 90% ?% 73% 16% 27% 58 82% 20% **i sr^ 37 17% 144 ?% 47 118% 70% 8^% 121% 0% 13 123% 15 57% 102% 93% 110S 7P% 46% .T9% 40 lf% 115 *% b3% 30% 30% 44% 46 23% 36% 52 27% ?% 5*% 96 56% 21% 80% 80% 73% 16% *% X ?% 20% 35 37 18% 141 53% 47 119% 70% ?% 121% 7% 14 123% 15 07% 102% 94% 110% 79% ?6% m 22 40 17% US By JffcSEPH F. PUITCHARD. Chicago. April 25.?The States that go to make up both the winter and arring wheat belts ere one by one coming forward with report* of increased acreages and ideal -crop prospects in answer to the appeal by Food Administrator Hcover for a largely increased wheat yield orer last year. Colorado reports a one-third increase in acreage and South Dakota says that the area seeded to spring wheat in that State hgs been Increased 10 to 15 per cent. All report* received on the Board of Trade today clairacd the present low temperatures .were tdoal for the growing wheat plant. ? While the corn market showed advances of % to % cents today, oats were % to % cents lower. Oats were under telling presaure during the entire day. but com stood up remarkably well. The former was weakened somewhat by the absence of an export demand up to a late hour in the sewion. but it developed just be fore the close that this business smounted to jOfcCOO bushels for export in all portions. The ealrs here of cash oats amounted to only 36.COO fcnsheb for domestic me and 150.000 bushels for export. There was some reaction and advances from the bottom prices In this grain. Cash corn was 5 cents higher for the better grades, while the poor descriptions were unchanged. Shipments of lard and meats exceeded those for the mum day last year. Prices in the pit held within a narrow range as the trade is rather smalL There were unfilled buying orders in lard, as they were doubtleoe limited. The strength in hogj offset the break in grain. The government is buying cash meats and lard from day to day in the various Western mar kets, but this business is bring done in a quiet wsr. Furnished by W. B. Hibbs * Co. CORN: Open. High. Low. Close. May 1.27% 1.27% 1.27% 1.27% 1.30% 1.40% 1.9fr% ? 04% .84% .83% .83% POBK-" 74% '74% ,73% *74* 0T.3 n.fr 47.30 47.20 LABD: ... 3I.J7 *.<B ft.77 a.80 ** ??......... 3.30 a.30 25.15 a.n RIBS: Mey BJ$ 22.05 22.07 22.72 - 23.* 23.48 23.2T 23.40 BUT BONDS 0ALTIMORE PRODUCE. ??ItiMtt. JM.. April S.?PtIom OB tb* local roduce market today rsnged as follows: POTATOBS Mbf INIk waUba).-WtOU. w?*?n? Miolud aad Pwn.ylT.nl.. ?LSdJ?: J^. Nm Tort. Na 1. ?LB.1J?; do., EMrrn ?or. Uaotond nd VbH^. H.M.1.S; nd. f*:. *?? 1 Mut tmb-Mlon \ irri.i., per fcfct.. ILSaS: lutan Sbon iUrjtond tod Dtlnirt, per fckL. '? pm bMtat. tmo. nd mrto. vm VtdjT* Vlntb,u M*"Und GKXBf rmUITS AND VKGKTABUCS-Ap Ptofc W?Un Ihrjlud and Praaohuia. Sto^L* r M?" .f*!*1-**: "** *"* Stat., .?Ulm da-. itoL x am par crate, I2.0ta2.73; native, per bunch, 5a6c; cucumbers, Florida, per basket, t2.75a3.2B; e?K plants. Florid*, per regular crate. $3.00*4.00; irrxpe fruit, Florida. i*r box. 12.00*3.75; kale. Norfolk, per bbl.. 25ca$1.08; lettuce. NortH and booth Carolina, per baaket. $2.00a3.lW; Florida, per 4-bbL basket. $1.56*2.50; onion*. Western yellow, per 100-ltx aack. $1.80*1.75; do., red. $1.2SaL50; oranges, as to she. per box. $4.0ta7 00; p*as. Florida. per basket. UK* 3.00; peppers. Florida, per crate. $2.50a3.00; rad ishes. Norfolk, buttons, per basket, $1.10*1.50; do., long, red, per basket, $1.00*1.25; rhulmrb. native, p*r 100, $2.00a2.50; spinach, Norfolk, per bbL, 75ra$1.50; squash, Florida, per eggplant crate. $9.0ta4.00; straw berries. Florida, refrigera tor, per quart, 15*25c; do., open crate, per qnvt, 15s25e: tomatoes. Florid*, fancy, per crate, $3.00* 3.50; da, f*ir to good. $2.00*2.50. LIVE POI.LTBY?Chickens, joung. per lb.. 24s3 lbs., 38a 10c; do., winter, per lb., under 2 lb*.. *5a50c; do., spring, per lb. 1 to 114 lbs., ?Os55c; do., spring white leghorns, lb.. 50c; do., old roosten. per lb.. 20c; do., old hens, per lb.. 2Ba29c. Ducks?Muscovy and mongrel, It*. 2Ta28c; do., white Peking, per lb.. 28a2S?c; do., (Middle, per lb., 34 lbs. and over. 27a23c; da, smaller, poor, 25*2Bc. Pigeons- Per pair. old. 40c; do., jonng, 40c. Guinea Fowl? Each, young. 70*75c; do.. okl, 50a60c. BUTTEtt?Cieamery. Western, separator, ex tra, 4Cal4c; firsts. 42k43c; do.. Western irinta, 4 lb., extra, 45aMc; firsts, 43*44c; do.. 1 lb., extra. -!5a46c; do.. marby creamery, extra, 40a 41 c; first, 3tel0c; do., dairy prints. Maryland. Penn sylvania and Virginia, extra. 31*32c; first, 30a31c; store-packed, 30c; do., rolls, Maryland and | Pennsylvania, 31a32c; -no.. West Virginia, 3ta31c; i do.. Ohio 30a31c. EGGS? (Notice?Shipper should bear In mind 1 that to command the outside prices all poor, j dirty and small eggs should be taken out. Tftts class of stock should be shipped separate.) Msryland, Pennsylvania and nearby firsts, per do*., 35c; Western firsts, per dot. 35c; West Virginia fixate, per do*. 35c; Southern firsts. ' rer do*. 34c. j 1 BUT BONDS THE CURB MARKET. New York, April 23.?Business on the curb J today was in small volume, but despite this i price* maintained a firm tone throughout. Ctoev- j rolct Motors sustained a los* and the easiness of thi* issue was responsible for declines in other : motor stocks. ' Furnished by W. B. Hibbs and Company. Bid Asked. I JTetna Explosives "8*4 841 Air Reduction 66 70 American Writing Paper com 2 2*4 Atlantic Petroleum 24 3 P.*mett Oil *1$ * Big Ledge 1 3-15 1 3-16I 12 M I 1-ingliam Mining Boston and Montana 51 52 Bc*ton and Wyoming 22 24 I Buttcrworth Judsou 34 40 j Caledonia Miniug 45 46 Calumet and Jerome 1 1-16 1 o-16 Canada Corner 2 21-16 C*rbon Steel . 99 103 Gar Light and Power 24 24 tTiarcoal Iron 74 8 ("hevrolet 130 123 Cities Service 2)3 204 Cities Service pfd 74 76 Consolidated Arizona 1?? 2 Consolidated Copper 54 5% Cosden com 6? 7 <<wd en id 8% 84 77 82 Cramps Cresson Gold 4% 44 CTjstal Copper 4 4 < \irtisa Aero 30 32 Davis Daly 5% 64 Danbeigh Silver 1% 24 Elk Bssin 64 64 Emerson Phone 2 24 Emma Copper 3-16 7-32 Federal PU J4 First National Copper 14 24 Glen Rock 3% 34 Ooldfilld Cons 4 5-16 Grass Creek 60 Green Monster 4 4 Guantanamo Sugar ...'? 56 67 Holly Sugar ...? 32 10 Holly Su*u ptl 90 9ft Houston Oil 42 44 Howe Sound 4 44 Hull Copper 35 40 Independence Lead 4 6 International Petroleum 134 134 Jerome Verde 4 4 Jim Butler 67 68 Jumbo Extension 12 13 Keystone 174 184 Lake Torpedo 24 3 Magma Copper 34 38 Martin 77 82 Mason Vslley 44 5 Maxim Munitions 7-16 4 Merritt Oil 184 19 Metropolitan Petroleum 4 4 Midwest Oil com 80 91 Midwest Oil pfd 1 14 Midwest Refining 105 107 Mitchell Motors 15 4ft Mother lode 48 49 Nipissing Mines Company 84 84 North American P. and P 2 Tfa Northwestern Oil SO C Ohio Copper % 1S-16 Oklahoma Oil Company 3 4 Oklahoma P. ud B. Company 64 6% Pacific Gas 33 35 Peerless Motoa 14 16 Bay Hercules 6 44 Rsd Wamor 4 4 St. Joseph Lead 15 16 8. 8. Kreage com 80 85 8. 8. Kresgs pfd 98 106 Sapolpa com 84 .-44 Sequoyah OQ 13-16 lVtt Standard Motors 114 124 Submarine Corporation ...i 124 13 ftuccaas Mining ? 10 Tonopah Extension ..11116 1% Triangle Film % 4 Tri Bullion 4. 4 V. 8. Light and Heat com 14 14 U. 8. Light an# Heat pM...'. 24 3 United Mofexs 25 254 United Profit Sharing 4 4 U. 8. Steamship 54 54 United Vsrde 35 38 United Western Oil 4 ? United Zinc 14 14 Otak Petroleum | If Victoria Oil 44 44 2t M Watkington Stock Exchufe. Wergeuthaler ?u w?ak cm tha local *?* .^change yesterday. a lew Asres telling at lw%. wiilie 110 wu the bid Ppce and 111 asked for. Many tales on the local rx change amounted In the aggregate to small importance. Beckuae of the rote of the exchange to ad joura today. liberty day. many sale. were made with delittriee to be mad. at any time wiUiio three days. Commercial National Bank right* a too were weak, selling at *4 and 9*. A unall block of Norfolk t Washington Steamboat aharea soM at 157; Railway preferred fold at V.% and Die trict Bank at 143. Two sales of insurance shares took place on the local exchange yesterday for the first time 1 during the year. National Union wiling at 64, seller 3. and Firemen's sold at It. Washington Gas Ss sold $3,500 face value at 96 and Potomac Consolidated 5e brought ?4. , SALES. Washington Oas 5s. |600 at ?. Washington Bailway and Qectnc pfd., 14 at ft.", (viler 3). Norfolk and Washington Steamboat. It st 1ST. 10 st 1 a. ? st 1*. District National Bank. 3 at 143 (seller 3V Commercial Bank lights, 3 at 9<4. 3 at 94, 3 at 9%. 25 at 94 Fir emeu's Insurance, S st W. National Union Insurance, 100 64 1st 11.r 3). Lsruton. 3 at 63. 3 at 614. 4 at W4. After call: Washington Gas 5a, $1,00? at 96. $1,000 at K, $1 000 st 96. Washington Railway snd Hectric 4s, $1,000 at ec'.. $300 at f?4. Mergentha'.-sr. 3 at 110%. Potomac con?. 6s, $1.03) at 98',4. GOVERNMENT BONDS. Bid. Asked. r. F. registered 2a .. WJi 98 L'. 8. coupon 2a **>4 U. 8. registered 3s ...... 964 994 U. 8. registered 4a 1M% 1?% U. 8. coupon 4a 1014 Liberty Loan la. 96C8-100 Liberty Loan 34s... 9P90-10<> ..... Liberty Loan conr. 4s 96 97-100 GAS BONDS. Washington Gas 5s* 95 ? RAILROAD BONDS Capital Traction 99 Washington Ry. and E. 4s 68 TO MISCELLANEOUS BONDS Potomac Electric coia. 5s 934 94 Potomac Electric Light 5s 96 38 Potomac Electric Power 6s 994 100 Chesapeake and Potomac T. 5s.... 98 American T. and T. 4s 814 82 American T. and T. 44? 91 American*T. and T. col. tst. 5sa.. S24 93 American Graphophone 1st 6s 92 95 D. C. Paper .Mfg. 6e 1<* Washington Market 5a. 1927 W | Washington Market 5s, 1M7 96 ..... 1 W. M. Cold Storage 5s 94 Security Storage and S. D. fe. 10! i Norfolk and Wash. Steamboat 5s.. 100 | Ripgs Realty 5a (long) 98 i Rigga Realty 5s (short) 100 ] U. 8. Realty 6a 101 ?... PUBLIC UTILITY STOCKS. Capital Traction ? 86 Washington Ry. and Electric com W Washington Rwy. and Elec. pfd.. 664 70 Norfolk and Wash. Steamboat 156 156% Washington Gas ? "27 60 American T. and T 98 ....? TYPE MACHINE STOCKS. Mergentbalcr Linotype 110 Lanaton $54 ^0 NATIONAL BANK 8TOCK* American 146 Commercial ????? M* 188 Commercial Bank rights 94 94 District 143 ..... Farmers and Mechanics' 330 MS Federal 167 Lincoln . 160 National Metropolitan 200 Riggs 4S0 Second 136 143 National Baipc of Washington 30 TRUST COMPANY STOCKS. American Security and Trust 220 ..... National Savings and Trust "SO Union Trust 120 1224 Washington Loan and Trust *238 255 Continental Trust SAVINGS BANK STOCKS. Home 420 Bank of Commerce and darings.... 12 East Washington ? I*' Security Savings and Commercial.. 105 ..... FIRE INSURANCE STOCKS. Arlington 8 tt> Corcoran " Firemen's ????? German American 240 National Union TITLE INSURANCE STOCKS. Columbia 4 6 Real Estate MISCELLANEOUS STOCK8. Chapin Sacks ISO Merchant}/ Transfer and Storage.. 100 115 Security Storage .... . 185 U. 8. Realty Company ............. 124 ..... Washington Market 1CK ?Ex-diridend. BUY BONDS?; PHILADELPHIA PRODUCE' Philadelphia, Pa.. April 25 -Prices on the local produce market today ranged ag follow,; BUTTEK?Prlceg ruled linn with the de mand fair. Folio-wing were the qootatiooa: Solid-potted creamery, extra, 45c; higher scoring foods, 46a 17c; extra -flrrta, 44a44Hc; finta, 43a 43Sc; seconds, 40.42c; neartoy printa, fancy, 49c; average extra, 4tffc48c; firsts, 44a45c; wepod^ 4U43c; special brands of printa at VaSZe EliUS-The market, reled Ann with demand equal to the offerings. W. quote tie following rang, of price.: Fre. eaaee. nearby firata, R1.W per stsndsM caas; entrant re ceipt., per case, 110.*; Western extra finta. dl.ll per cue; flnta. $10? per case; candied ca> lotting at flaOo per ton. Chews rsir demand ud ? dud. firmer. Th. quotation.; New York. Whol. milk, tancr. 9MaXc; special hitter; tin Tort, whole milk, fair to good. 22,34c. DBW8ED POCLTKS-Froeen fowls, tweirs to box, milk fed. dry picked, fancy =*ci. weighing ?J " " froara (owls, hi bbh., fancy pteked. weifhinf I pounds. and over apiece. 94c; 3H lba. apiece. 32a33c; cmaller lizea, S?30c. Frozen broilint chickma, 2*a3 lba. apiece. Western. 40b42c. Roast in* chickens, Weatern. in boxer, wtigh in? 4Vfc rounds and over apiece, 35c; 4 pounda, SSaMc; 3% lba. 31a32c; ZHa3 ponnda. Sa3*r; roaatinf chicken*, in barrela 4H lba. and oter Dock*. Western, tad orea. 30a?c; ?Iter nearby, *a*c; Vain, do mo, white, weighing 11 to B doae* Ta7.*; white, weighiag 9 3 do*. 1MB; white, waigb dosen. *aB.Y?; da do. T pounds per dm, 4*4JB; do do. WH pound, per doaoi, 2.T8a3.*; deck, US; nail and Mo. 2, Ml? " BUY BONDS COTTON MARKETS. Now York, April tk?Further aaseio loaeea oc enrred in the cotton market today under enor noni selling orders Wire hanaea were among the largsst sellers and then waa considsftble transferring of old into now poaitiona. probably reflecting #xpectation? of spot liquidation i "* Today '* pAcss were the lowest aince laat so At the opening prion ware down M to ? points with May leading bscaoee of nodosa far deUverr of about M.flOO bales. Time waa active corering toy brokers with Wall Street and Waal era connections on the initial drop and far a moment it i steady. Bi heavy offeringa and aa the asnfcm taumaesrt there man a aenee of sensational breaks After 2 o'clock a rally of * potato on ? inf encountered hedge selling from the Booth and jcices again turned downward. Cotton that bad been bought for a reaction waa thrown back on the market and a slump into i grounds occurred. A number of were executed. 8 pot at New Orleana waa quiet a of 150 points at 30%; aalee. 2.002 hales. here waa qniet at a decline at IS points at JTJ6; no sstea. Keceipts at G?lvesteou. 1.733; New Orleans. 1.S57; Savannah, 2.*f; NorfoU. 534. and Mam phis. ?.*! bale*. Furnished by N. L. Carpenter and New York: Open. High. Low. Cloee. January *M Wl *.15 May 2T25 9 JO *00 July 9.15 9.? *.00 October *45 *? *.56 December ** * 30 * 33 New Orleans: January *J0 St.SO *.32 May *.? 27.? S.S July *40 *.58 *15 *.1S October 25.42 3.37 *40 *? Decmbcr *.? ** *?? BUY BONDS BALTIMORE GRAIN. Baltimore. April 35. changed. No 2 soft red. ft-fl Weeteni. 12.* Receipts. 1*3 Bents. 4.SOB. Torn?New aa to grade and color. fl.00 to %IM. Receipts. 0JB; shipments. *730. Oata?Unsettled; No. 3 white. * canto asked. Beceipts. 23.412; shipaaents. 120.4S3. R>e?Quiet; offermn limited. No. S em export spot. 12,30 nominal Receipts, none; ahirmenta, none. Hay-?teady on the better grades, for demand i* good. Flour?Quiet, unchanged BUY BONDS NEW YORK MONET. New York. April *?Money on call today otimed at 4 per cent; high. 4 per out; and ck*o. 3 per cent. Time money traHaacti<m? were limited to the ehorter maturities st ? per cent. Mercantile paper waa bought sparingly fymr attractive names were seen. Six per cent ?a the minimum rate. STOCKS DEPRESSED DY TURN OF BATHE Uncertainty Regarding Holland Makes Trader* Worry. ?T laOlDAI WALL New Tork, April *-Wall ?trast began to take the battle situation ?err aerloualy thia afternoon. vMh the reaalt that atoeka sold eC after a strong opening and cloaad with net loeeee lrf nearly ererr leaiae. In the early tradlns new high reoor*e were made by a few opectaRtaa. no tably Dtotlllers, Gulf Btatea Steel and American Sumatra. In the afternoon there waa a raid on Malt laauas Cotton alao broke badly In the af ternoon, options going down from 1J0 to IIS points. Tradinc waa Uaht throughout the aeaaion. Expectation of war between Hol land and Germany cauaed much wor ry. aa most traders seemed to be unable to decide whether It would be helpful or hurtful to the market. The advance toward Amiens waa the most Important feature. Declaration by the Gulf Btatea Steel of a S per cent stock dividend U Important from two points of ?lew. In the first place It meana that the Insiders have decided to liquidate. That Is all atock divi dends ever mean. If a man wants to keep Ms steak It Is just the aaae to him In one share worth flM aa la two aharea worth' IH each. American Sumatra acted aa though It were betas distributed alao. Band ers of this'column have been ad vised In regard to this stock ever atnee It was In the fortiea. Its aood q ua 11 Oea having been pointed out to them from time to time. Action of Tobacco Products leads the Street to believe that the next dividend may be paid In script In stead of cash. It la known that aome of the directors are aerioualy con sidering such a plan, followins the example of the American Tobacco Company. The Safest hreiluli Swirtzd, Rheem k Heuey C?., 727 Fifteen Street NorftweaL WASHINGTON PRODUCE. B. ?? mm Tocfc KM teetwy. wv. Ml IWm M" nM. ?: Mb Mb. ?; ??o ami Ml; M? tmM. ?. UTB POClffC Y-Mrtt lb.. ?; Mini. ? M. * MBHD POt" LI* T - btii ???. Ml; tarM* fe, 9; pm. lb.. M; GSKKM PWIW- A|>pira, bM.. IBJMT.it; tox bvvrteB. fr~ir. IWk VK3BTA iLtt-PflUm Ma 1. MM. M n*.. ?.naL?; *?o?n>.. r?rw p? mm Mil bM. ; 1U. 2. UTI 8TOCK-lherp. M. fair; Mte. ?!*??? StaSc; eaM. lb., lie; ???????. Mc l ?!??, a?. Wk SBBDft-M rlo^rr 1JMLM par M ?Uka ebwr. HJbMM per bHhri; Wbi iMtb*. 4.M.K OEAIN-WWL. millirg. pm MM, 1* ?n. pw MMtcL UMIJI; ??, wbto. i.tui ul ?M ?b M b. M. Ko- 1. bM? Ho. 1 EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION AsseU, *3,383,464.79 Now^s the Time to Save 74th lane if Stock Shares $2.59 Per IM 4% EQUITABLE BUILDING IIS F St N.V. JOB* NT BOSOM. PlM. nuii r. imiM. Me. I Some Mother's Boy He Is Fighting For You; Are You Buying Liberty Bonds to Help Him? THE BEST INVESTMENT % With the tax exemption and convertible features, tHe ZlA% Liberty Bonds should appeal to the large investors and be in demand at par. The 4% bonds are convertible into the 4/4% bonds for a few months only; you had better get them while you can under 100. / * The 4lA% bonds now being offered will be largely oversubscribed. * All Liberty Bonds should sell at a premium, ? No matter what happens these bonds will decline less than any thing you can buy. Don't ask how to safely invest $50?$100?$1,000?$10,000? simply give the order to BUY LIBERTY -BONDS to us or to your own bank. It is not only the best way to save your mon'ey?it saves thou sands of lives and it will save your country. ? -* WHY SPECULATE NOW? There will be plenty of cKances after we have put the world at peace. Don't be talked into buying securi ties on the promise of big returns?take the guarantee of your Govern ment of 414% until the war is over. Then you can turn these bonds into cash and buy anything that is American and make all the money you want. W. B.H1BBS & CO. Hibbs Building. Washington, D. C.