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Financial New* and Stock Market Quotations
NEWROADWILL BE ARMY ASSET Lincoln Highway, Nearing Completion .Already Aid ing, Says Holland. Perhape before the cloee of the war. eertalnly within a yeer or two efter the war le ended, there will have been constructed a complete surface road whose Eastern terminal is In the heart of New Tork City and whoee Western terminal ia at San Francisco. It Ie the so-called Lincoln highway and it already hae been In part constructed. When. In the administration of Presi dent Monroe. John C. Calhoun advo cated the construction of a national highway with an Eastern terminal ?n the Atlantic and a Western termi nal on the Ohio River, perhaps at '""leveland. railroads were unknown. Tha steamboat had been so perfected as to make It possible to navigate meny of our inland streams to com mercial advantage. There was, how ever, no convenient method of trane poration from the Ohio River to the Atlantis coast. This national highway waa begun and then came the railroada. It wee necessary to continue the work be cause the railroads, or some of them at lesst. crossed the Allegheny Moun tains. The natural waterways were supplemented by canals and the dis tribution of products from the West was greatly facilitated. Lineala Appro.ri lira. When Abraham Lincoln, in 1S.V). visited Council Bluffs, Iowa, where he ?as to be enraged In an Important liti gation, he listened, with great inter est, to the proposition that a railroad aheuld be constructed from the Mississippi River at that point across the continent to San Francisco. Lincoln m nis early Ufe had some ex perience as a surveyor. He was told by ctenvi'le M. Dodge, who after ?ads constructed the T'nion Pacific end who lived at Council Bluffs, thst the moet plausible route for the rail road stretched through Nebraska, ha. i oes the Almost unexplored regions of th?*| Far West, th.-nce by passes through the Rocky Mountains and the Sierrars. to the Pacific Coast. Only recently General Do'lze, when on a visit to this city, spoke of the approv al which IJncoln. who was two years later to be President, gave to the pro posed route. Shortly before General Hodge's death, the spoke of It as sn Interesting coincidence that in these mcd?-rn times they were building a great highway aero... the continent, which, when completed, will be avail able for all kinds ">f motor trucking, saving that in the main this highway fcllowed the almost identical route which Lincoln had approved for the construction of a Pacific railroad. The Llareta Highway. recently information has come to this city setting forth that by the expenditure of some fl?.OOO.ono. by various States, a continuous road has now been constructed from New Tork to San Francisco. It is not yet a,hard surface road but It will he in due time and it will furnish excellent supplemental means of freight transportation and also good opportunities for pLeasure travel, especially from the Mississippi River Ka-?an Francisco. Some splendid road construction has already hern secur*??"* along va ?nous parts of this Lincoln highway. Across New Jersey for instance, th.re are excellent macadam roads, but since the entrambe of the United Sistes into the war the utilization of these roads by motor trucks, which are now transporting every day area amounts of commodities hetwe*?n New Tork and Philadel phia and even as far as Washington, makes it necessary to speedily im prove this road construction. What rennst l?sala Baa Hone. In midwinter many motor trucKs. conveying merchandise from Detroit to Washington, passed over this road In Pennsylvania. The road is used now in part for military traffic be tween Pittsburgh and Atlantic coast ports. It Is In excellent conditiun throughout the whole 3S0 miles of us length. It Is the longest improved link in the entire Lincoln highway. In Ohio It is expected that the dirt roads which comprise Ohio's link in this highway will soon be eliminated. The State has already expended Jfl.OOO.OOo in perfecting hith erto unimproved roads. Indiana has a splendili highway. It Is practically aso constructed aa to meet the de ? rr.ands of the heaviest kinds of traf fic. There Is still a good dell to be done In Ulnois and Iowa. The soil of those States makes road-building rnther difficult, but recent reports as sert that Iowa's 35?Vmile link will, within the next twelve or eighteen months, have been so perfected as ? be able to sustain whatever traffic ?roes over them. In Nebraska, on account of lack of funds, the work la progressing slowly, although thei*e ia a fairly good dirt road across the State. Wyoming has matched and even overmatched, when her pop ulation is considered, all the other States in improving the Lincoln highway. No I'tah private benefac tion has made it possible to improve the desert section and the mountain pass so that about the worst por tion of the road between New Tork and ?Golden Gate. Cal?about fifty miles in length?will be put Into ex cellent condition In a short time. Nevada relies upon Federal aid and will probably receive it. This great Lincoln highway will. It is believed, be cf Important commer cial and military advantage to the government. But it is not the only important national highway under construction. Eeginnlnc at Chicago another highway is under wajy, run ning southerly as far as Florida. This ?s called the Dixie highway. Already , "??./oon.pijo have l>een expended upon it. There has been some difficulty in overcoming the mountains of Ken tucky and Tennessee hut this is now, under the direction of competent en gineer*, diminished. It Is said, of the Dixie highway, that it Is to be of very' great advantage, serving directly or by short connections the army cantonments, and when the war is ended it will be of Importance In the transportation of commodities, for it Ie certain that the movement of rom modifi?e efter the war will be so great aa to entail railroad conges tion unless there is relief. "HOLLAND." The Safeit laverbneats Ai? l?oao Utax ao aat flaetnsu dorate **ia ?arttn? ?va?llt.'a* ot 'hs aacoe? ot roc* ttwaeta tiret deci ot trat not?, lane aortnc*?> art arc-ired oo real fatata tr tat Dtatiirf of Coknsoia. otmatitot. "Uli. M?e?" lB?f"-*mrn*a. mo do o.-f i*?T?rr? npor* -be flaaocia* roopoositilit? ?f to-iirld?..?? r. usiliatoto?. tot toair ?oahilif? W. coa aippty SKh iooeeternsta at aotouct? treni m? eterni, grati for booklet, ' Onrtrri^ Loaa. and I) Swartxel, RJmcbi it * Heue-f Co., 727 Fiftc-n ?Street N-jrtkwett MEW TOH-STOCK MARKET. Hi??. Ia?, Cl<? _?a? ben?.. ? It ? *" <X_. S ?* 5. Alaaka MSB?.??. ? It ? J.IB?-C__tr. . JWk _? **4 _J_a?a ?OT IT. SJVi O M a????? on.-. ?r-? im r Atssrio? Cea pr. te?4 ??? te?. Aatertc? Car * IstT. ?*??** Amar?n Colt? OU. UM liti 11? ! American Hid? * laeather pr ?l\ ?% Mi ?Aa?ir?- lea pr. BH SO "*? Ainwicaa lato?sad. tl tevtj ?e* ' Amerio?? Bnaeit A riet. TTH TV? TT% ] Arasricao Hteel fir,. Tl 71 Tt I A?rican Barar..US USI? 10*14 Aaaertcan Sumatra.la? 1?'? 1? American Tel. A Tales. Si 11 ?a * I Amarte? To?ceo.MS MS 1? ! Am-ricau Zina 4 lead. ? IS tl I Anaonda .??. SS?? SM tsHi Atitlisoo . IS ? IS Haldwia Loctasotite.. WS Wi Mt ?MU. Steel Claa. ?. SJ's SSV, ?3*? BMk. eta?I IV. pr.ISM lest 1SK4 Broukl>o Bap Tr.. tl M *% Brootijn ??. ?. ?_ s? ? Boolti FisiirrU?.. SV? ? ? B-.ma Brnthara.. US US DS Butt? Superior.a *S\ 28*4 9*4 ('?lifomia Pttas?<?. It II 1? California PetrolNm pr. t? We ?% ?'anadian Part?a. IM Uto US Cutral Leaths.. t? if.? SH4 Ora d? Paaoa.. SI M It ?"handlar Moto-. ? ? ? ICM. Mil. A St. ?. tM M tt?* I Chi. Mil. A St. P. pr....:... IS TlVi IS ? l'hier? A North a ?atan. IM SM SM Chic.? R. I. A Pacino.. St SM S? Corn Product?. II? IT? I? fon. ??aa of Naw Tort. t? SI ?M Icon Product, pr.UM MM UTA ; CniciNa Steel. STH SM SM ?ODa.- Cane S-sar. SM ? "SH I IM. ?aok. A W. MS lit Ml ? P-nter A Rio Grand? pr.... M M M Diati??' ???. STH StH ?? Dom. Minine. M M M r*n. Railroad. UH ?SH IM im? i?t is...... ? a ? ???at? W. a W.. 9M 2M 3S i.cneral tusar?. SI tSH ?M (?entrai El. ortie.._.lit 111 ?3 Ornant Motor?._ M1H US 13*4 (Iraat Northern Ora.. 31H SIH SIH ??nene-Canas? . MH tt% IM Haakel' h Bark. ?M 4M IM HotrKst.sk? Min. ? ?. It Inspiration Copter. Uli IN SS Interim? Cor. pr._. 38 38 3? ?at Har. CorDnratiot?.. St tt at Int. Har.' of N. 1.1SH I28 V? ??. Mit Marina pr. ?4 Ml ?TH Inter. Nickel. SI 2G, 30 Internati??.1 Paper. 38 SM 3M ? p. Tir? co. si?; son si*. Kennecott rvippar._. 3SH J3H 3M Lea Tire A Rubber. _*?. 2?H S Lehith Vallar. SIS Liortt a Mrrra pr. 1IM In rM Lomllanl (Pi. US l.H UM |L???-Wile. Co. . W? ?Ut ? llaasctt?I 2d . 75 TJ I? Maxwell. 1st pfd. IM SM SM Maxwall. 3td pfd. tl\ ?1H ?? <???leso Pclroleum .?IH ?'? ?M ? Miami Coiapar . SM 25H 3S ? M?ltale Steel . SM Si's 5114 iMiaaouri Pacino, pfd. S\ ts a? , M ?saonri Pacire. pfd .?58*. SM U\ Mo.. Kansaa A Tete?. M IH SH ?, ?. A Taaaa. pfd.. SMS National Aeme Co. . 30 30 30 National Biscuit- . SIH tl 91 S T. Air Brake .127 121 I IT New Tort Ontral . IM ?;'. 71'. NV T.. ?. ?. A Hartford... ?? ?? ?? NV Y . Ont A Western. S? _> ? Ohio Cili?? Oaa. ??$ ' 3G4 3M lm-iri, Minin? . IM 10'. 10H Pacino Mail S. S.? C? 3.', ?Vi Paci?e Tel. A Tel. ?H .H 2?? Peimas.li._la .??. IS UH ?? Pe-lies- Ga?. 48H I? tsH Pierce-Ars? ._.-. 38H ?JH ?? Pitlaboltrh Co.1 . ? SI SI Pitta A W.st Tirsiate.. S3?. 33t, S.-.H ?'???,? Stetl Car -. Tl 7? 70H Pullman Car .1BH MM H3H Kailsrar Steel Sprinta . ??1? tl 61H Rt. Stael Spas. Pfd.1?'? Hit it? i Rar linst ..|. SI St SI Realm? Railway . 4M ?7'? 1714 ;Rep. Iron A Steel . SM SO'? M ? ltoy?l Dutch . ISM 103H W?S SL la. * S?n Frane?a..... tr, ZT, 27'4 Sax? Motor Co. . M 7H 7H Saahoard Air Lin? . 7\ TS M Shattui-k-Ariaona . l?>i If. Its? Sinclair Oil A Re?s. 3I\ 31', 31H Southern Pacifie . SS's MH St?, I Sosillern Railway . EH 23H 23H ? Southern Railway, pfd. ?a ? S3 Studebaker . ISH ?M U* Term. Cop a ftj. IM WH IM Tex?? Coa. . 15J 141'. 1SIH Tobaren Product? . 72H IM TO?. Traba-s? Product?, pfd. .... ?? ?? ?? ! Cnion Parti? . 1_*4 BM 121*4 ! I'nitnl ?'irsr Store?.101 100H ??*>% ?IV 8. Alcohol .I? ?H UM I* S. St.ei ._108H 107H 107S IT. S. Steel, pfd.112H HH4 112*4 ??1?1 See. Corpn. 13 13 U , Va Carolina Chemical . 52H SfVi SM 'Vt'shasli . 10*. S>H IM ; W.lwsh. pfd. A. SM 38 3? \V siingbcai?.- . ?*4 til? UH ?Mass Ini? . SM ?M ?OS i Willvs-Orerland . 20 IM 'M Wilson A Co . ?BH 12 6-'a WorthiniriOB P. . STH ?H UH ?oublii?T? P., pfd. A. 91 M II NEW YORK CURB MARKET. New York. Jnly A-Oonthraed *??p*_? mark ed the day ? d'alino on the curb and prim | chant*-?, w"T?> ?mailer. Intei-eat ?a? narro?. In du*tri_I? muare, hm*t artife th?n for n?mt time rn* and Ttriett ?-han??? wrre ?ry small. Metal ?t-it-ks were quiet ia ?j-ipat-h/ wKh tbe rrst of the mai?et. Quotations ?ur_.?_ed by W. H. Hibb- ft fn. Bid aUkf_. &itna n.plr>_:Te?. 12*? IVi Air RMnction. ?7 Ti .\n-ifTir_r. Writing Taper com. 2*4 ?H Af ?JintiC Tetroleun). fi Barnptt Oil. ?4 5-M Big I.Mge. 1 I Ml r.i.-r'ii.m Mirir.g. . 9 12 B-"?ton and Montana. SI 52 B'ittt-rworth J'idaoo. 40 W i'aled?mia Mining. 46 m Cihimet and .?-*?'"???.1 III V? I Canada Trapper.1 111? 1*? r-rbo?*, Steel. lu _c far Light and Power. 2 G* rharcoal Iron..... 8 -,??. ?'heTToIet . 133 t? il tie? 8eT.ic?y. %\\* _?0 Citiea Seni? pfd. ?? ?? ConaG?iilated Ar?xrm?. l\ , . Ooriaolidat'!- CVepper. y? SH roi?a>_i Co. ?H ?% aieden pfd. 3% ?3fc CtutUtrg . TI %3 Gt*?%t?. Gold. ?JS 4*a Cryetai Copper. 5-11 5-H rutti? Aero. 31 _ Paris-Daly . V? f,\ Deabugh filter. t Ve? Elk B?in. Sr\ ? FTmereno l'hone. 114 ?\ r_rma Copper. H> || Federai OH.?..?. 2?4 i\ Fin* National Copper. I y*, Giga Rock. 4 4* ) Oa-_M| C?-aoUHated. ? js \ Orean Monster. 7-1?. 911 i'.'nntirimo Silgar. ? 0 Holly Rugar. 25 41 Holly Sugar pfd. 91 Hoii9toa#Oil. ft) K.1 Howa botina. 4'4 4% Hull Oppcr. ? 00 International Pttrolenn. 13*4 13% Kan 1 Oil. 3*4 3P4 JeroniK? Verde. 14 ft-U Jim Butler. SS tS .f :mSi E-tenaioB. 19 It Keyaton? Tire. 18<4 if laAka Torpedo.?. 4\ 5^ Magma Copper. 31 S3 Marlin . 75 SS Mu?o Taller. 414 <?4 Maxim Munitions. 71* ?^? Merntt Oil. J4 *% .MtHroTrotitan Petroleum.1 111? \\ Midweat Oil com. 101 ??? Midw-et Oil pfd. m 1^ Midwegt Reflning. 114 ]u Mitcbell Moton. 15 ta Motherlode . M 3s NiptMing Mine? Cn. a\ est^ North American P. ft ?. 2^ ?*** Northwestern OH. H ta Ohio Copper. ? ? |_g Oklahoma Oil Co. I14 2^ Oklahoma Prod, and Refg. Co. ??, 7^4 Okmulge? Oil. 2% 3H Pacifie <.aj. SS ? reerltji-a Motora.. M -j Ray Herc?lea. 4 m Red Warrior. t^ v, St. Jo**?* tead. 1414 14^ Sar*"Ipa com. 7 ??*. Sequoyah OH. ?^ -^ Sinclair Golf. 17 IS Standard Moten. 124 13^ Submarini Corporation. M 17 So-ece*? Mining. f U Tonopah Esteiwion.?.1 *-!? 111-.? Triangle ???. % ^ Tri Mtawtt. 14 % WM Kaatera.. JH ??*. V. B. Light and Beat eoa. .14 *\ G. ?. Light and Heat pfd. ?4 3H United Motora. jlS H'^k T'nited Predt Sfcaring. ?14 ?.}? V. S. Steamihip.. 5% g United Verde. ????, %?? United Western Oil. 1% \% United Zinc.?.?. 114 1 Victoria OH. 4 414 Wa.land Oil. I?4 3% Wert End Ceo?. 1 1 \.\? Wright-Ian. Aero...... 9ft M EVERETT TRUE BY CONDO Washington Stock Eicbanfe. 8AI.E3. CapiUl Traction O. w at *>. S at ?. "A'aahington Kay. Pfd.. 1 at 10. After call?Potomac Klee., COna, ia. i .'O* st te. Waahington Rory. ? tl.OW) at Oi. U. rf nthalrr. ) at UAA, t at US 14. GOVERNMENT BONDS. Bid. IU G. B. rrgiatared *s?. ?'. . G. H, coupon A. > ? . I. s. KgiBtMtol 3a. ?"? , . G. H. eoiipon 3a.... *"7'? . I*. B. rea1?a??d ?a.lffrS . D. C. l?a. lio Ubeety l.???n 3H??.W 8S1?9 . tonoerted Uhm; Loaa 4a.Si > 1?? ?oeenod l.ihertj Loan 4a.43 St-lOO . rkoond Liberty Loan 4;?,.96 79-100 . GAS BONDS. Georgetown r.ao 5?. 1? .""Vaahirgton (?aa fe. M ?"?*? Columbia lias and Elee. 5.?. So ni Col '??? and Klee. I?.'? Ss. TS U Wv* ngton Ray. and Eleo, pfd ft? . 73 RAILROAD BONDS. Capital Traction 5a. !" V . Metroi?olitan So . i*-1? *e Waaiiui?t.?i Roy. and Boa 4? ? ? W MISCELLANEOUS BONDS. Potamae Electric Con?. 5e. 1*1? . Potomac Electrio Llitbt 5e. ft* * . ... 1'?tomac ElccVia Poorer 6e. 97 M Chea, ?nd Pot. Telephon-- ia . 3? . Americio T?l. ami Triga. 4.. aVa American Tel. and Telga 4'.??. tt X* Am. TeL and Tel. Cti. Tr. S?.... ?7'i 8??? American I'r;.[?*i.-?iili??ne l?t 6.. 90 It D. C. G-rer Mie. 6?. li?? Washington Market 5a. I<27 . SO . Washington .Market 5?. 1947. 9S . W. M. Cold Stout? ?. ? . Ser. Stge. and Hat. Dep. *a. 101 Norfolk and Maah Steamboat d?.. KM _ Rigg? Kealtj Sa t'ongl . ? Riega Realtr 3a (abort) . 99 t. S. Realtj "a. M . PU3L10 L'TILIT? STOCKS. T?pir>l Traction . eS r? Washington Hwj?. aod Klee, com t* .?? Washington Rwy. ard Elee. pfd. ?" , Norfolk and Wash. Steamboat. 137 lit Washington *'aa . BK'a .?? Columbia Oa? and Ekitno .'1 . American Tri. and Tel. . ?1?. . T?PB MACHINE 8TOCK*. Mergenthaler ..'.. 11? ll?*. laaaua . ? ? Lattatisi Scrip . 97 97'., NATIONAL BANK STOCKS. Amencaa. 116 US Columbia . **?"?*> . .. Commercial . I'M .W Iiiatrlrt . 116 l'armera and Mechanic?'._ 230 '?*) Federal . IU? . Uocoln . i'?( . .National Metropolitan . 200 . Riggs . *? IU NaUonal Bank ot Washington. 2*0 TRUST COMPANY STOCKS. Amerio1?! Security *?nd Tniat. 230 ""fallas*?! Saoinga and Trust. 280 SA G???? Tniit:. 120 Waahington Loan and Tniat.?2;0 A4 Continental Trait . 119 6AMNG3 BANK 6TOCES. Horn* . ?0 lt*i?n nf Cwnoiirc? and Sating*.. U Bast Waahinffton . 11 Security Sating? and Commercial' 175 F1UK INSURANCE 6TOCKS. Arlington . * ? '-?r ? i;m a.a..?. 85 ?Firemen'a .s IB Gtnnin American . HI Mattinai I'nion . ?1?? TITLE INdlLANCK STOCKS. ? ?'-tp ?' ? . A Kfil Letate. MISCELLANEOUS STOCKS. rhapin-ss-vk? . l>. C. llper Mfg. t'?. ? '>ni>hot>hnn? com. . Ii ' <?rapt...-iMione pM. W ?! er?:! an la Tranftr and ?of. 1% Security Storage. i*S D. S. Really O. \T% Wi??i ogf -? M?rkct. 1?% ?Lx dnid'Td. DAIRY MARKETS. Chiraf?. July JO-Buitcr-?iwiiangfd Uff?; m-?ii*a. 17.IU ram-*; turala. SSa?W?%; or gm\ms$ rsrtU. i'-a-J*1?; at marte, eiM included. JBajT. |*? (atuc*-Htfbtr ; rcocipta. V oU>; Var-1 ?tina oibblfn, ??O??*.T-, ymt barrai ftnlUx? L'aeettled, ?owla, SHaJ?; ??ri?e. tt New y-jTk, Jufy ?.-Butler??taSedj; reeeipta, ?*.T0T tubs; ewMt-r. high?? than ritrae, mV** 4?; creamery eiira* fW worn, 44-featfr; cream ?t Anta, -U'MMll; pacfciag atock, current make. So. 2. 3L Kug? -lrTfifi?ar; receipt. 13.S3 caaee; Ire* gatli-nd, fi'rafi. 4**al7" freeh gathered, reg-alar .?-??.?. extra Arata, tur?, do.. ng-oUr packed tf Ht, 4 a U : si at*, rennnl?tni? ?nd nearby hei um white?, tine to faner. -Haa, State. 1'Hiis) Irania ? ?1 nearby hennery brown, 46a5A. SU'.e. Pwin.*>lvaiiia and ntarbj gathered bruwo and mixed oolur-o, &itt7, Ch-eM-WriT.; receipta, 4.446 boiea; Btate, fr **i apecials, ^5'.???\, <.?., arera-pe run, I Poultry-Lite, steady; old rooater?, S; oth ers, unchanged. I>rn%?!, steady ; rj-iirfc. oa, 3t?a W; ??? ? ?ia.?; old ronftna. SV?a?r<s. CHICAGO GRAIN. By JOS. F. PBITCHARD. CMcagn. July 30.?String coirmi?wi'.n houaee ?n the trade abctorhed the oorn that pasaed through tb? hand?? of lofl-gi and abort sellera ? on the board of trade today. Trie July future ?W4 between Jl.'i and SI.M 1-4 and on the way up the offerings were quita amali. Theee wanting thia grain were obliged to bid up to it. The cloning wa* at $1.54. which waa Ilk ahoTe the renting apnt of Monday. The prien adranctd from U-atm to J1.54V and am*ind thia prie?? the market cloeed. Tbe elntag f,* the day befan was at $1 54H. The com break aT??? ted oat?? and there ware drcteea in price* ?>f that cnmnodlC?. The cash market waa 3 eetita lowrr, cloning 1 cent down after a tame rally, ''ash wheat waa itrong. An under?.if ? lit nf ittiri.g-rh marked hog GG?* dticte, due to th? adraiioe ?? 13a to 25o in the Mock yard prices. MARKET SLOWS AWAITING STEEL Active Issues Drop Slightly in Impatient After noon Sales. ?r BROADAN WAIala. New Tork. July 3".? Although Wall Street expected the U. S. Steel direc tors to declare the usual dividend to day-, there wss Impatient selline ot th? stock all day. This Influenced other Issues with the result that In the afternoon several active issues were down as much as two points from the hlBh prices of the morning. Qenersl Motors was heavy and wita ?ood speculative reason, for It is now expected that the new stock will be Issued In exchange for ?Chevrolet In less than SO days. Decision in favor of a higher gas rate for the Brook lyn Union Oes Company resulted in an advance of more than 3 points In Peoples Qas and 1 In Consolidated. Cotton wss about tt a bal? higher for old crop and corn climbed. War news was good but not so enthusiastic as for some days. The pro-Germans were circulating peace talk and advising people to get read., for a victory slump In prices. ?ssall Talk Prevails. Host of the session was taken up In small talk about particular stock?. It is known that some of the best Informed investor? hav? ?old out their Saint Paul stock deapairlng of a dividend on the preferred this year. One operator of Importance la short ?of It- But In spite of that the Street was full of reports that a new pool had been formed to advance the pre ferred to par and the common to ml. It so, tbo advance will be against '.he short Interest General Motors at 13S today was juat 20 points under Its high record price of last Friday. Premium? are not being exacted on the stock. Bell Sleek Slump?. American Telephone ?old at 91?4. which is the lowest price touched since the panic of 1907. Among specialties that showed vi tality in the esrly part of the ae.aion was Virginia-Carolina Chemical and Savage Arms as well as Hide and Iacather and Mexican Petroleum. The last named was among the flrat to weaken and It did ao following what looked like a serious attempt to cover up good selling. Virginia-Carolina reaponded to the report of 24 per cent earned In the la?t fiscal year as com pared with 10.92 per ceent the previ ous year. Steel Still Stress;. Tn srldition to dc< laring the regu lar divideod of 1?4 per cent on sie?-! with the usual extra of 1 per cent. the great corporation reported record breakiug earning? for the qua* ter. The total net earned amounted to ?153.1TS.M1. Out of this WVne.E?* was set aside for war taxes for the quar ter leaving 1?,057.391 to be carried to net in the u'aual way. This ls more than enough to Justify continuance of the 17 per cent dividend rate. COTTON MARKETS. Xctr Tortr. Tnlv *> -A MUt.-o-r._l ri?* ? ?.?red? s, or_n**nit?Tft'lr Um? __f*ntiur In the <t>\> ton market today. Bhorfa in On ober were dia liirbad ovar th? email at?** her?, with r*r * pectt of further tvductio-f through a-ii-nanta ahi-ijad and inability to *** much of the? ata pi? here from the fotith. o-rin* to the raetrirtiona en so-.thtrn rai) made arni ?t??am?r,ip line?. They alao wt-r? ifT??i-ied bf farorable war netra. proa r-t-t* for a bulK?h weakly weafher report to* morrow reflem?? the lark of rain In the fvot.-h ?wc-at and rumora that diplomatie rrlatione na t~ere TliTfcev and ??-?????t had bf**Ti eeri-red. ????) market dereloped ftrmnea? in th? late afternoon on he-sty ctseering fur Wall .Street s ?,*???:nt and f -? \?n trad? hiring (? >.,-?. |iri(*H we? iteaiy at a net adrance of Si to 75 P'iota. The re*t?etp,a at the porta fnr th** dir were ?.017 halo?, ajrain?*?. SAW balea a week ajr\ ?. 9ft) hale? a year a?ro and 3,?193 bak*e two y cara aero. St ?irire In Sem? YeSk wareho-iare are W,5?fl ?-il?'? ajminM ?U.0S9 hele? laat t rar Sports for th? day *?p 3.M5 tmlee, all to ftreet Britain. Ft the eeaaon ther ammmt to 4 017.? ?Ml?? acalnat 5.5? "?? balea la tb? I.Mi '.? aeaaon. K?rw Orkan?? apot waa quiet and (mrhansTd at TT*;*-* for middlinir. The aalet? Wer? 61 hai?. S poi her* *?*.* qn-et at an adfaoce of S pointa at 20.2nc for mlddHif ; than were no aalea. Reeeipta at aome *& th? leading porta wer?: Oalrmtne. l.?4: Nt? Orlean?, :.7?; Saran n?h. t.kstt?, Norfolk, 1?; Boaton, C; Memphu. 3.15?; HouatotA, 10W. LIVE STOCK MARKETS. Kan.a. Citr. July 3S -HOGS-Ra?ipts. 11 - Is?: lVi to _V hlahfr; hi-.lk, ll.eoaU.%: h*a?r. lat?ais 96: |?ck?r? sad hatch??. 18.7n?lS.?s) : Ught. 18.VI? It?: pi??. 17 Osi: ??. OATTLE-Rfocir?.?. 11.0?. ?t????? ?m SiTithems: sta?sdT ; prim? tri ?teert. 17.50?I*-.*a?; dressy beef ???era t*.JAi?.T,S; ftootbcffl ?tem, 7.008ls.75; issata. I5fts'.300; hrifer?, SOOaU.?* BALMY BENNY THE WAR WILL BE OVER BEFORERv AUCDM HE GETS THERE IN THAT SKIFF. SZ ??"??-???**^ tat teomom, tM-??; bolla. IMxAM; mllM Eotatpta, TM: week; lamia. U Ma ' ?, alkM; ??tiiera, MUaall.lt; ?; ?OOrtto??, a, Mieiia? St. Loua. Juif ?-ao-ie-AiToalptsi ?.?: Se m? tOOi te Ms hie-Mr; ?otoo? ?Mt? mm, MM. heart. MMott.U; train. U.IOaUJ?. ?????-Batatlaa. ?.?; atoad?; natio, baaaf aUata. IIJMU; oaartlnf atoan aad lirtf-to. (Mali.?; aaaa, T.HaU.TS; stocxan sad W?ti, ?Halite; Wat ?nos mi baten, f.?,]?.?; sa Uoa calo?, f.IfclB ?. ?HCEP-Barrtiaa, ?SM-, atoad;; Usila, KO? Uaj; aorao, IIJMIM; ?ansa-a sud ctioppaaa. r*r-**r rutahnntl. Jaly ?-HfX?o-BefWpU, MM: klghtr; been. ??a???; h-at? Toiaar.. ??la MM. lli+rt Tortaio, ?TW"??; plaa, l?.**????.*. RREEP AND "UAMBe-Baerliota. Ml; stood) ; tar? toteo. Iloti top lamba MM OALVM ?????alptO K?; atoodr; top. IT?. OlndnnsU, Julr ?.-?OOe-lUoplpt?. IMS; atratuj; OSS?***? sod talJ-bats, n.Walt.S; ora? mort Uvdwtor. 1?.??????5; pie? aad lift??. li.Ma 19 9; ata?, ll.-ooH ? CATTLB-IU<<.ivta. IW; atoar; -aloe?, ataadr. SaPtr-taoeisAi, 1.IN; ?toad;; laasha atroog. WASHINGTON PRODUCE. BOG!4-lMrtctl7 freah, ?1; arer?** recetptat 40; .S?iitbem. 38a?. CHEk>fc->.ew ?ofk etna factory, mem, ?. ROTTER-Elafe print, tt, Ugln tub, tt; proeaaa, U. LIVB POl'LTRT-Rooatera, pr lb. 9; tar key?, per lb., 91 ; chicken*, aprine, per lb, G 9; heni, par lb. 31a3? Kaata, jnimg. each. ?*'. DRESSED PODlTBT-FVaah killed apnng chlcfcena, ?a?; turkeya, per lb, 36a3?, rooatcix par lb, ?; haea, par lb, 9ta9T. OBEEN KRLIT3-Ap.-lee per bbL. ?.WaT ?0; boi, l.MaLM: California leraona, ?00a*??, grapefmlt, crate, 5.Otta*.03; peachea, per crate, 1 00*1?; black Iwrriaa, qt , 99at5; eeotakrapaa, per crate, 2.90*4.9; ra*,pbernea. 40a?, California orange*, 7 SOaiOO. VBGETABLEfl-Potatoea. lfcOwmiek?, t ** 90? par atandard bM.; new potato*?. Ko. 1, t 00*5 00 etd. bbl.; Mo. X lOSal? aid. bbl; atring been*, bfcaket, TScal.50; pepper?, crate, 75ca 1.09; okra, crate, 1.95*2.90: radiahea. bunch. 2aJ; cucumber*, baaket, 79cal,90; eggplant*. :.00*2.(? creta; aabbage, new, par crate. 1 Sot 191; bt-eta. per bunch, 4*9; lettuce. I ma! 3D per baaket; tomatoea, neerbr, 90a? 15- peea, ?5?*3,90 per baaket; do, TWallOO par bbL; con. 90*95 pe? doaen. LIVE HTOCK-Shee-p, par Ib, 9eT; lamba, aprine? Ma 17; cajrea, par Ib.. W; medium. 19a II; comaaa, par Ib., Iaal2; hoo. baarr, li; medium, IT. HEED*-Red Coter, B.7SaUJ6 ter buabel; ai tile dover, 19.B0al3.79 par buabel ; crtmraa clorar, irrsal" 50 per tan-hr I; timothy, (?ata per buabel: red top. 34,00*14.00 per Mm lba; bhiegraaa, J.*>?3.90; orchard grata, 9.09*9.19; al falfa, 12.00al3.OO. GRAIN-Wheat, nulling par buahel, MOal?; cam, per buahel. l.ObaLTO; oata, white, ATatt; mixed oata. 9SaM; bay. No. L 93.00*91.00; Mo. 2. aJDaS2.S0 EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION AmU,~$3?13,732 Greatest Accomplishments Through Systematic Saving ?Make up your mind rieht now to Join the Equitable and save .systematically. That Is the sure way to (et ah? ad financially. Knh.crlptlo?? fee tke 75th Issue of Stock ll.lne HrrelTCd. Shares $2.50 Per Month 4% Interest EQUITABLE BUILDING 915 F St. N.W. John* JOY F.n>n\. Prea. KRANK P. H E ES IDE. Se??. PHILADELPHIA PRODUCE Itila ?als?a. Pa-, lot, ?.-Trim? ta I a? tat??!? 0?tet tata, nari BL'TTa?- rrreh. aoUd-paaSad ansai, ?. trae, ?te; bla? aeuilnt- ?sata ?tane; Siala, ttmi: trete. uhattte-, ??isas?, at?aat ???in. ?alo? a? taso-, ?aaSc. __r ta> ?o?d, ita??; ladle earht*. m te qaalitr. hnXe: pu?? ?*?*, ???: apanai fana? branda af print? ?bota? at I?Be; eh??, ??; fair to food, ttaMe. ??a??Nrarbj Stata. t?Saall.? par oaa.. do, cm?at rrealpu. 4?81 per rem: thtrfla to ?asnada, ?ustaIT? par mm; Waal?t. extra ?rata. llMOala..? per ?aa: ?, Stata. 4?tt pat; ?a?; thtrda ir. monis ?KtSaaliri n_r oaa?; fatter eaaertM. earefiitlr ca?vll??l act? ?era ?obbin? at ?t?c par ?toa?. LIVE PODIaTBT - rostta. SttS?; ?prtmt ehiokeoa, not Leghorn?, wr-itiiln? 1% aad 2 ta apteoa, h*Xo; waagbing 1 and S IS? ?twaisa. *S?3tc: white LertKirna, aaooedlag IS I" He; renata?, ?ehr: moehe, Tatra, ret Sc; do. do. old. mmhrc: So. Indian SUTo: gniaeae, saw paar. It?al.?; pi?e??. oli. par pair. ?Salla; do, losing, par pair. ????????-WIUt? potatnss. KorMk. ban?I. No I. CO?ID No. t II ?: ? whit? potata?, Eaatero Shore, per bbl. No. 1, tur? .71; Mo. t, tl?is?; whit? laney. par Shu? hastet, Ntv 1, 7??_r; 2. SaSSe; aw aat potata???. Jera?, per Ko. 1. ? ras on; No. 1 11.?al.TI. BALTIMORE PRODUCI. Ba?aaaa-o. Mi. Sto S.-Fitraa sa Ma lami peoinee merkm toda? rosead sa tenerne: ??GG?a?-Wiaarg ooparator. .eue, ?ass. Motte; Warlara ?nata. A th ?rata. at??*; W cataro -artau 1* ?alroa. Arata. ?teCr; saaibf ara ani asta???, ?rata. SSaMc : oalr? priau. MorraoaV. Colle ?MA?a-oT? aaortre, par ?tao.. Maniaeat oo4 ?Intrao. ost am. Stale, SA: OKVa, pas ?sa tona, m-. Mm? Viaojaia. toe ala?, irata, ?e: Issi h? (Sorts Ciarlai?, par do?. Arata, Se. POTATuCa-lr-Mataa, orli br Mi la? -UM ??rotara Mar? I ?od ood -; ta. Ho* Torti. ?" 1. Norf.J?. No. 1. kW. t-Me?M; ie. Se. I. ata, ?aieai-?; io, tock mee. St. 1. bM. SLIeai.m; io. Horsiobaanoct. No. 1. bM. BMa^at, in. Ko. ?. ?.?; Koarm BW. et Uarrtaat. m?. e-ea?.?: ?oeeta, jrllooei, N.otb Oir.llsi. pa? 'bM. ? ?Milite CREEN PBIITS AND ? ?:,, ?? ??. ?- Ap pi??. E. Haroaot. per bM. tot"*). -.SM?; ?Va, half bbl baoiet. Thal S: boa?.. ?. Ola. ata, baakat. I.aWl.S?; ?Vi rutti?,, ?p?t?, ? ?? 1 tes 1.3: ??*, ?ro?. huabel. Tit-re. bea. ?. bau. h. ?Mar: Maatlorrraa. fi <!? Bli??r? .... % 3a2le. obi. te. Serie*, bM. tosa.".?, Ou, OONTIM'EO ON PAGE XINt Traveler** Checks. Safe Deposit Boxe*. Systematize Your Finances and Increase Your Income OLDF.f-T SAVINT.S G)?G?!;? TORY IN WASHINGTON'. Same Rate of Interest Paid on Large and Small Accounts ?In the surest of all way?. by maintaining a flourishing account in this fifty-year-old bank. The banks must bear the burden of financing the in dustries upon which Our Country depends for war supplies?that's how the dol lars which the thrifty Keep On Deposit perform real war ?ervice. Pay Day's again at hand. Let us cash your ?al ary voucher and retain a part of it as a nucleus for your account. Practically any sum that you wish to spare will answer. We pay the Same Rate of Interest on Accounts, large and small?serve over 37,000 depositors. OFFICERS: "William D. Hoover. President. Woodhurr Blair...Flr.?t Vice Pre?. Chas. C. I-jmborn.Treasurer. Frank "ft. Stone.Socond Vice Pr?s. E. l*er?-|vnl \VII?on....Asst. Tress. Frank suison.Trust Officer. Charles E. Nymon.Secretar?*. WoMtnrr* Blair Jamea A- Buchanan William A. 11. Ch-rch Walter C. Clrplrone William V. Ora William E. Edmonatoa DIRECTORS: f ? verga li ovara \\..:i?m D. doorar Recmald S. Bcile?ope Tbona* E, J-or ? Yietor Kanffma^a Fa? *fI Vanaos S?nr??l Mc^jrowaa William P. Quick?! Vrax-m. W St'o-oa V lii.inj H. V.'iiii Hanrr K. Wizard NATIONAL SAVINGS&TRUSTCO. 52d Year Capital and Surplus, $2,000,000 Cor. 15th and New York Ave. su Year $3,500,000 The Hydraulic Pressed Steel Company First Mortgage & Collateral Trust 7% Gold Notes Dated July 1, 1918 Due Ju'y 1. 1921 rrln.-lpal and aemf annual Intei?t parable 1? New Tart aal Cleveland ??lern-ahl? at ?be rrtlon of the rv,-r:ui? st Sat* lime ????? thirty dare* noti?-? at 101 .torlo? ?b? Srst rear and at HKtSaj ?hereafter, ?oiip^n Note. In denom.?tl?? af fi.isai an-1 l.-.isi with prlsil??? of reslitnUon aa to principal <n..j. Company *-ll pay tba ninnai Federal incan?? Tax not aacrsslii^ -jr,. Trustee: The Guardian Saving? A Trust Company, Cleveland, Ohio The following information is summarized from o Utter signed by J. H. Foster. Esq.. President of the Compcr.y : Purpose Proceeds from the sale of these notes will be used to retire $ ? .Roo.ooo One-Veir of Issue 7c/o Notes due October 15, 1918 (.which were issued in part paiment for all of the Common Stock of The Canton Sheet Steel Company) ana lor plant ex tensions and additional working capital. Properties The Company was established in 1907, its business being the fabrication of and Business heavy steel stamping?;. The Company in 1917 purchased The Cleveland Welding & Manufacturing Company and also control of The Canton Sheet Steel Company. The three plants cover a total acreage ot 119 acres. The Company is one of the most important producers of manufactured steel produits in the country. Of the Company's present entire output, about 70^ represents standard products which are being utilized for Government purposes. The remaining 30^0- constitutes wai material, mainly shell forging?. Security These notes are secured by first mortgage on all the property now owned or here after acquired by The Htdraulic Pressed Steel Company and The Cleveland Welding ?fc Manufacturing Company; and by pledge of all the outstanding Common Stock of The Canton Sheet Steel Company. Assets As shown in the report of Messrs. Ernst ft Ernst as of May 31, 1918, and after giving effect to the proceeds from these not???, as reported by the Com pany, total assets excluding good will, patents, etc., amount to $12,055,495; current assets $7>73?,750 against current liabilities of $3,312,570; leaving net current assets of $4,418,180. Earnings Earnings for the calendar year 1917 applicable to interest charge? were $1, 702,377, or almost seven times the total annual interest charges on this issue. Sinking Fund The indenture provides that the Company shall set aside annually with the Trustee 15% of its net earnings after providing for interest, taxes and preferred dividend requirements. Of this amount two-fifths may be represente?, by investment in permanent improvements to the property owned and controlled by the Com pany; the balance, three-fifths, will be used for the retiring of these notes. General The management of the Company and its subsidiaries will continue to he vested in the same men who have brought the properties up to their present high state of efficiency. All the properties are in good physical condition, and a large equity over and above the notes has been definitely established. The earning capacity, far in excess of inter est requirements, is on a sound and dependable basis. rropertte. bare heen examined and appraised l.y Mattar?. Own. W. Ooethals * Compans?. Ine.. Fitwlneer?. ef Sew Taartt hooka and ?rt-iunt? har? been aud:?ed hy Messrs. Ernst A Krnst : and ail l??al rrocredtn?? In r.?nneetirtn , th tbe lasuanre of Mie?? note? bara been under th? superrlaion of Me*sra. Tollea, Ho?.ett. ??in? A alone? Atlvrarya ?f Cleralaud, Ohio. Price 973a and Interest, to Yield about 8% Complete circular giving full details will be supplied on request A. B. Leach & Co.. Inc. Investment Securities 62 Cedar St., New York Chiesgo Botton Philadelphia Buffalo ?.it?eland Baltimore Scranton Pitttburgh Milwaukee Mian?polis Washington Correspondente : MOORHE/VD & ELMORE 729 Fifteenth Street Phone Main 2100 'Psaaed by Capital I??ue? Committee as not incnmrni'M* with the national intereet. but without approva af legality, validity, worth or security. Opinion No. SSO."