Evening star. [volume] (Washington, D.C.) 1854-1972, August 19, 1921, Image 13

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Evening star. [volume], August 19, 1921, Page 13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 19 Aug. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1921-08-19/ed-1/seq-13/>

Newspaper Page Text

BANKERS PROTEST
ON CONTINUtNQ TAX
Say Excess Profits Feature
Should Be Dropped Now.
Financial Notes.
BY I. A. Ft.KM ISC.
A vigorous protest against the eon,
tinuatlon of the excess profits taxes
until 1#!2 has been sent to Senator
1'enrose and Representative Fordney
by the American Bankers' Association,
through its president, John S.
lJrum.
The association urges these objections
to a further continuation of the
excess profits feature in the new tax
rmea?ure. charging it as the chief
cause for the high cost of production
and finished products, as against
farm products and raw material, and
further returding the re-employment
of labor.
The message reads as follows:
"The American Bankers* Association.
representing 23,000 banks and
more than 95 per cent of the country's
bauking strength, without at
this time going into other features
of the bill now before Congress, most
earnestly protests against the continuation
of the excess profits tax
to January 1, 1922. and urges these
objections;
"1. The excess profits tax never
could be justified except on the
ground that it was an emergency
i. ensure it?|i?h>d under the unusual
conditions of war.
"2. The restoration of peace has
destroyed both the reason and the
excuse for the tax.
"3. Continuation of the tax is one
of the most important factors operating
to keep up the cost of production
of manufactured goods, and the
1 higher cost of finished products as
against that of farm products and
raw materials prevents the restoration
of an equitable and harmonious
price level.
"t. The effect of these inequitable
prices is to reduce and restrict the
purchasing power of farmers, live
stock men, cotton growers, lumber- j
men, oil producers and miners, for the j
^reason that they are forced to sell at j
Prices relatively too low and with the !
proceeds of their sales can buy finished
products only at prices relatively
too high.
*T>. KeUuced buying by farmers
producers of raw materials natural* *!
means reduced selling by producer^,
of manufactured goods, and the buying
power of manufacturers and their
employes, therefore, is likewise reduced.
"6. The so-called excess profits tax
is actually not a tax on profits, but a
diversion of working capital, and by
inhering the working capital of the
country it prevents that full development
of productive enterprise without
which there cannot be full employment
of labor.
"Considering all the foregoing facts,
it is apparent that the excess profits
tax. while it will produce relatively!
small revenue, is a destructive infiu-!
once that works against the farmer,,
the cattlemen, the miner, the lumberman.
the oil producer, the cotton
grower and the workman. It is a tax I
that impairs the prosperity of all!
classes. Its economical fallacy has!
been recognized by other nations that J
imposed tne tax, and tungiana ana
Canada have already repealed and |
substituted other and sounder meth- j
ods of raising revenues required.
"The American Bankers* Association,
therefore, is convinced that it'
should place these facts before Con- I
gress, before Congress assumes the
responsibility for continuing this tax I
until 1922 and thereby adopts a course
which, the American Bankers' Association
firmly believes, interferes with
the natural movement toward restoration
of a price level at which agricultural
products and raw materials can
be exchanged so as to receive full
value in finished goods; that restricts
the purchasing power of the farmer,
th* cattlemen and the miner; that
keeps workmen out of employment;!
that delays, in short, with disastrous I
effect, the operation of natural forces j
which, if unwise legislation does not i
interfere, will restore normal condi-1
tlons. JOHN S. DRUM."
Name Committee to InvestigateDirectors
of the Merchants* Bank
yesterday named a committee to j
make a thorough investigation of the j
proposition for the purchase of the j
banking quarters in the southwest'
corner of the Southern Building, main
floor, going especially into the co- |
operative features and the measure I
of success attending the sales of the
building to date.
Officials of the bank, from President
Drury down, are enthusiastic on
the proposition, believing the change
,of location would result in a decided
enlargement of the bank's business, i
but all desire to avoid any possible
knotty problems for future unraveling.
Take Losses Now.
It may be that the stoek list is
near the low point of the year, but
whether it is or not, this is the time
for traders to take their losses for
income tax offsets.
The new tax measure provides thatj
with its adoption it shall be unlawful
to sell stocks to establish losses
and buy them back again at the same
time or in the immediate future.
Of course, one may establish losses
at any time, but to take the loss and
hold on to the stock?and it has been
an expensive operation?will not be
countenanced under the new measure
if it becomes a Jaw.
Local Securities.
Local securities were rather slow:
?n the final session of the week, there
being few pressing orders either way.
Values were generally firm, especially
on the bonds traded in. Capital Traction
5s selling at 87 & and Potomac
general 6s at ih>.
A few shares of Capital Traction
brought 86 and Mergenthaler sold
at 1*8%.
Want Exchange Charges.
The state of Tennessee lias passed |
a law similar to that passed by North i
Carolina relating to the collection
of exchange on checks.
A copy of the law is not available,
but the federal reserve hank of
Atlanta has returned to Richmond
and the latter returned a check offfered
for collection stamped as follows:
"Although the name of the bank
on which this check Is drawn appears
in our par list, the said bank
has notified us that, in view of a
law enacted by the Tennessee legislature.
authorizing them to charge
e\change. they will discontinue remitting
at par to the Atlanta bank
?>r its branches. Therefore, as the
federal reserve act does not peripit
us to pay exchange, we must for the
time being discontinue handling
items on the bank named in the
check."
And many of the banks in Tennessee
will speedily follow.
Personal Mention.
Maurice Otterback of the Anacostia
pank is at Poland Springs.
BAR SILVER QUOTATIONS.
NEW YORK, August 19.?Bar silver,
domestic, 99H; foreign, 62%; Mexican
dollars, 47%.
LONDON, August 19.?Bar silver,
38% pence per ounce. Money, * per
rent. Discount rates: Short bills,
4%a4?i per cent; three-month bills,
4 3-16alis per cent.
WOOL OUTLOOK GOOD.
BOSTON. August 19.?The Commercial
Bulletin tomorrow will say:
"The demand for wool has been less
pronounced during the past week, but
there is still a healthy volume of business
being done and prices are readily
maintained on the basis of last week's
ouotations. The outlook in the goods
slyket is encouraging,
cSlight improvement is noted In th?
foreign markets, with prices somewhat
higher on the best types of the
finer wools in Australia. English top-makers
have advanced quotations
lightly in sympathy.
NEW YORK STO<
Received by Private Wire 3
Open. Hifh. Low. Clo?e. _
Adams Express... 41V4 41K 41H 41W ri
Adv Rumley J3 1* IS 13 ?
Adv Rumlsy pf.... M M S4 S? h
AJax Rubber to to zo ?
Alaska Juno IK IK IK IK n
AINAmer Cables.. 1S4 104 184 W4 p
Allied Chemloat... S5V4 ?? ?* Ml J
Allls Chalmers tOK 30K SO* 30* ?
AUU Chalmers pf. 73 73 72K 72K "
AmAsrrChem 3' 81 31 31 ?
Am AtrrChem pf.. 56 68 85 Bs n
Am Can !4K S4K 84K , S4K "
Am Car A Fdv.... IS'K IMK WOK KlK "
Am Cotton Oil.... 17* IT* .IT* 17K
Am Drueirlsts..... 4K 4K 4W 4*
Am Hide A Los.... 10* 10K 10* 10* "
Am Hide A Leapt. 4TK 48 47K 46
Am International. to* tsu Ji* 38
Am Linseed 10* MK 18 *8
Am Linseed pf.... 45 45 40 40
Am Locomotive... 81 85 83 83*
Am Safety Raior.. 3H 8% IH 8 -4
4m Ship A Com... 6* 8* 4K 5
Am Smeltlne 34* 34* 34* 84*
Am Steel Fdv t3* ?S* ?S* 3814
Am Steal Fdy pf.. WW WW WW Wrt
Am Surar I2W WW 62W ?W
Am Sumatra 44W 44W ?W 4SH
Xm Tel & Telec* 108W 106W 105W JOSH
Am Tobaoco 119H I19H <
Am Tobaeeo t?l.. Ill HI ?'? IJ?, *(
Am Tobacco pf (P) #0H WW WW WW a|
Am Woolen 43 WW 47 ?7W
Am WritinaPr of. 21H MW MW MW t,
Am Zlne ft l^ari... 8 8 7% 7% t
Am Zinc ft Ld pf.. ?W WW ? ? N
Anaconda *4*4 *4* ?*j
Atchison MW ? WW MW ?:
Atchison pf....... WW SOW W"? 80W
Atlanta Btr ft At). 2W *W VW *W
ATlartlcOnlt 71% ?1W 1?H W _
Atlas Tack 16 16 IS 15
Anstin Nichols 8W 8W 8W 8W
i Austin Nichols pf. 5< 63 63 W Is
i Baldwin Loco 7?W 74W 'JW TOW
Balto A Ohio ?8 38W ?W 17 A
Balto A Ohio pf... 61 61H II MW
Barnsdall <B) 17 17W 17 17W ?
Beth steel 4SW 45W 45H ?W V
Beth St eel tB).... 4SH 4# ?W 48H
Beth Steel ?*pf.., 97 97 *7 ? ?.
Butte ft Superior.. I1W 11H 1IW 11W
t-addoOll JS mtl ?ou "
California Pck|t... WW WW WW WW
California Petrol.. MW WW MW ?* ?
Canadian Pacific. - 114 114 111 A 1"
ijtfntral leather... WW *7 MW 26
Central I.eathpf.. 60 WW WW WW j,
Chandler Motor... 4HW 4SW 4-.W 4?W
ChesftOhio *4 MW WW WW
Chi C.reat W pf 16W 16W WW 16W
Chi Mil ft St P WW WW W ?
Chi Mil ft St Ppf.. WW 40 WW MW
Chi ft Northern.... 65 MW 64W 64W
Chi Pneu Tool 41 41 41 48 A
Chi R 7 * Pacific.. SIW MW 81W SIW A
I Chi R 1 ft P 7W Pf 7?W 76W 76 W 76W A
i Ch.le Copper 9W 9W IW 9.* A
IchinpCnoner MW ?1H >1W MW Ai
Cluett Peabody... 41 41 41 41 Q
Coea-Cola MW MW M l-W ci
Col Oraphonhone.. SW 8W 3W IW O
Col Graph pf 14 MW 14 14 *
CCX:^. :. ? 14* MW ? s
c2?np?oduci;:::. ?w ? ?* ?* ?
Losaen m " ? - ? ?
Crucible Steel 88* HI4 61* 54 u
Cuben-Am Sunar. IS 18 ? IS
Cuba Cane Rusrar.. 81* 8* <* 8* n
CubaCan?9uot-v 20* ?* 18* M
Del Lack &Wstn.. 192 192 1S2 192
DenvARIoGPf-.- 1* 1V4 1* 114 A
Bndlcott-Johnsoo. MH 58* 57* 68 ^
... 18V* 181* 18H 1814 y
Erie l?t pf 19 " " 18 *
Famou* Players.. 81 Ml* 81 82 M
Fisher Body pf 80 80 60 80
Fisk Rubber 9* 9* 914 914 *
Frceport Tesae... 11H 111* 11* H* c,
Gen Asphalt 4?H 4814 4S14 48* D
Gen Electric...... 118H 1121* 1111* 111* J,'
Gen Motors 9* 10 9H 91* fj
Ota Mot Hi deb... TO TO TO 70
Goodrich. " 8114 811* 81 81 N
Great Northern pf. 78H 7444 T8H 7* H
Groat Nor Ore.... WH *8H 'W ^
Greene-Cananea.. 2014 2014 tOH 201*
Gulf States 8teel,. 81 81 81 81 A
Hendee Mfp 14 14 14 14 <v
Houston oil... 46V* 481* 4814 481* ?
5oppMotors...... 101* ?* "OH 10H
Illinois Contral... M 94 14 94
Interboro Metro,.. 81* 81* 8H 81* p(
Intl Agrl Chem pf. " " "u !L 8
Intl Harvester.... 70* 70* 891* 89* ?
IntlMerMarine... 9H 91* 91* 8H gj
Intl Mar Marina pf 41 41 4014 40V4 v
Intl Truck l?t pf.. 47 47 47 ?7 U
Intl Truck 2d pf. . 44 48 48 48 ^
Intl Nickel I3H ?H I1H
Stl Paper 41* 48* 48 4814 *
Invincible Oil 8V* 8* ? 8* V
Island Oil......... 2* 8H f* 2* Ai
Jewel Tea 10* M* 10* 10* N
Kansas City Sou.. 281* If 88* *8*
KansasC SOU pf... 49* 60* 49* 80* g
Kelly-Sprln* Tlra. 88 88 881* 87
Kelly-Spr 8* pf... 78 78 78 78 c
Kennacott /?* 18* w* 18* D
Key stone Tiro.... 12* ?* it* M* M
Lackawanna Stool 88 88 88 88
r ipe Erie&W pf. 20 20 20 20 ^
Lee Tire & Subber 28% 26% J4* 24* u
Cehigh Valley.... ?m 61% 61% 61% ?
Lioews Inc 11H 11% 11% 11%
Stlnc SVi I* 8* 8%
Couii * Nash 108w ios% 108% ?s%
Mallinson & Co pf. 64* 64* UK 84*
Manatl Sugar 80 20% 30 30*
MMlcan Pete ** M% ?H
viitMle States Oil.. 11 11 10% 11 A
Sid vale Steal B* ?* 13% 23% A
MlSS i St ? ( >... 10% 10% ? 10%?10% i
So Pacific 18% 19% 19 18 HI
g?KK#.v::: T T S* S |
Natl Conduit. 1% 1H 1% 1H ct
Natl BnamtUng.? tMt tt% 89 It ci
Natl Lead. ...... ? 71% 72% 71% 71% fJ
Nevada Copper f.Y. ? iS 9% {%g
New1Or Ten Si M. 81 ?% 81 63 ci
NY Air Brake.... 10 80 80 60 ?
NY central 71* 71* 70% 70% r<
M Y Dock 88% 28% 28% 23% t'<
|j ; v H 4 Hart,.. 18% 16% 16% 16% C,
N Y Ont A Welt... 18 18 18 18 g
Norfolk Southern. ? 9 9 t D,
Northern Pacific.. 78% 76* 75% 76% p,
Nova Scotia Steel.. 23% 23% 23% 21% Pj
NunnallyCo .. 9% 9% 9% 9% g]
Oklahoma Prod* Mi 1% Mi 1% pi
Orpbeum Circuit. - 17* 17% 17% JT%
Otie Steel ... ? 9* 9* 9* 8* P
Pee Ga> A Else.... 66 66 66 66 J.;
Pac Development. 9 9 9 9 u
Pacific OH 86% 86% 86% ?6% til
Pen-Am Pete 41% 41% 40% 41% <:i
Pen-Am Pete (B). 86 80 86* 86
Pennsylvania 87% 88% 87% 28 h
PennSeabd Steel.. 7* 7* 7% 7% k
People's Gas 66 65 66 66 j?
PereMarquette... 19% 19% 19% 19% Jj
Pere Marq pt 37 37 87 87 k
Phlla Company... 29% 29% 29% 29% I.i
Phillips Petroleum 17% 17% 17% 17% Jj
Pierce-Arrow 13% 13% 13% 13* "
Pierce-Arrow pi.. 29% 29% 29% ?9% H
Pierce Oil 6% 6* 6% 6* M
Pitts AWVa 26* 26* ?6* 26* M
Pond Creek Coal.. 14% 14% 14 14 i}
Pressed Steel Car. 66% 66% 66% 66% j,
Pullman Co. 92 92% 90% 91%
Punta Alegre Sug. 27 27 26* 26*
Pure Oil 26 26 28 26
Rail way StlSpr... 73 74 76 73%
Ray Con Copper... 12 12% 12 12
Reading 67* 68% 87% 67%
ReminetonType.. 20 20 20 20
Rep Iron 4fc Steel 46% 46% 46% 46% r.
Rep Motor Truck. 9% 8% 9% 9% R
RoyolDuteh...... 48% 48% 47 47
St LA Ban Fran... U% 28% 23% 2?% };
at x, ft San Fr Pf... 38% 86% 85% 86% si
Bears Roebuck..,. 63% 63% 62% 62% 81
Sears Roebuck pf. 94 94 94 94
Shell Trad ftTran. 15% 85% 84% 84% g
Sinclair Oil 17% 17% 17% 17% &
Southern Pacific.. 77% 78% 77% 77% 8i
Southern Railway. 19% 80 19% 20 !}.'
southern Ry pf... 44% 44% 44% 44% 4
Stand OH N J pf... 108 108 108 108 Di
Stern Bros pf 119 119 Ht 119 J>
Stewart-Warner.. 23% 23% a% 22% t.
StrombersCurb,.. 27% 17% 87% 27% if
Studebakor ?% 88% ?7% 88% u
Submarine Boat... 4% 4% 4% 4% J'
Superior Oil 4 4 4 4 S
Tenn Copper 7% 7% 1% 7% ?
Texas Company... 88% 14 88 88% w
Texas ft Paolfio... 84 84 88 ' 88% *
Texas & P C 8b Oil. 17% 17% 17 17
Third Avenue...,. 13% 13% 18% 18% a.
Tobacco Prod.,... 17% 87% 88% 88% Ai
Trans Con tlOU... 8% 6% 8% 1% W
Union Bag ft Papr. 88 88% 88 88 2,
Union Oil 17 17% 16% 17% Ui
Union Pacific..... 119% 120% 118% 120%
United Pros...... 68% 86 H 66
United Prnlt U2% 108% 181% 102%
United Ry law 7% 7% 7% 7%
United Retail Stre. 80% BHt 47% 48% oi
US Cast Iron pf... 40% 40% 40% 40% r<
US Food Prod.... 16% 16% 16% 16% C]
U 8 Indus Alcohol, tf% 44% 48% 40 "
US Realty 48% 48% v. 45% "
>% tf
:k exchange <
irect to The Star Office. |
_____ "pea. Hiffc. law. Clam.
8 Rubber 41 41 46% 46%
8 Rubber tat pt. 86% 64% W 88%
8 Steal 74% 74% TSS 74
8 Steel pt 104% 110 109% 109%
tab Copper 41 a 44% 44%
tah Securities... % |% 8% 8%
enadlumCorp... 17% IT% r% 27% ,
a-CarChom 14% M% 14% 24% I
rebaah 7% 7% 7% 7%
I abaah pt A ? II 11 21
'estem Peolflo.... 11% 71% 71 21
r'estem Pec pt.,.. <0% 00% 00 69
reeternUnion.... (1% % % 81%
"pstho'iae BAM.. 41% 41% 10% 89%
fhite Motor 88 83 33 S3
'bite Oil 7% 7% 7% 7%
,'orthlnaton Pmp U% 35% 88% 86% e
Hlfh. Low. lent, t
Cell Money 6% 6% 8% <t
HOURLY SALES OP STOCKS. 1
II am 111 890 11 M 188 990 d
1 p.m Ill ?J0 I p.m... 825 200 t
? >
DIVIDENDS DECLARED. ?
Stock of Pay- i u>
Ilocord. able. I .
nj. indow Glass, pf., n
#3.50 Aug. 24 Sept. 1 o
Cities Service Co., rao., %%.Hept. 15 Got. 1 ti
Service Co., pf.. mo., 7
%% Sept. 15 Oct. 1
Cities Service Co.. pf., J
Bio., y.% Hrpt. JR Oi?. 1 11
'itles Service Co., wo., 1*4%15 Oct. 1 &
irnton A Knight Co., stk..
pf.. q.. Aug. 20 Sept. 1 a
ebrsska Power Co., pf., q?
11.73 Aug. 20 Sept. 1 ?
N. V. Air Ilr?ke Co.. q.. !I
?1,23 Unit. 1 Hept. *> 11
8. Industrial Alcohol. ?.. cm
#1 ..... Aug. 31 Sept. 1 <j
Payable in scrip. !J
tPayable in common stock scrip. u
t Payable in To scrip, maturing August 15. c'
124. ir
SPayable in scrip bearing 0% interest, mailing
September 1, 1922. t)
tr
Washington Stock Exchange. I
SALES. O!
Capital Traction 5s?#1,000 at 87%. #1,000 at ir
r%. #300 at 87%. h;
Potomac Electric general mortgage Oa? ,T
1,000 at 90, #1.000 at 90.
Capital Traction?5 at 80*j. "
Washington Railway and Electric com.?1
t 25. W
AFTER CALL. si
Mergenthaler Linotype?1 at 118%, 2 at
18%.
Money?Call loans, 5%a7 per cent.
Bid and Asked Prices e
BONDS
PUDUC UTJUTT. ,
Bill. A.knl. '!
mcrican Tel. and Telga. 4s 79% b?i% *'
in erica n Tel. anil Telga. 4%*.. 80% i?l
m. Tel. and Tel. ctl. tr. 3s.. 85% 8U% ti
in. Tel. and Tel. conv. (is 97% 100 3
nacostla and- Potomac 5s 87 a
uacostia and Potomac Guar. 5s. 67 n
and P. Telephone 5s 87 .
ipital Traction R. R. 3s 87% 87% ^
ity and Suburban 5s 64 u
eorgetown Gas 1st 5s 70 ti
etropolltan H. R. 3s 98 94
otomac Electric Light 3a 89% o
otomac Electric cons. 3s 83
otoinac Electric Power ? 94% "
otomac Elec. Pj>ver Q. M. 6s. 06 90% 1
'aslilngton Gas 5s 76% 77%
"ashingto.n Gas 7%s 102 e
'ashinrton Rwy. and Elec. 4s.. 01% 62 1;
"ash. Rwy. and Elec. G. M. 6s. 93%
MISCELLANEOUS. \,
iggs Realty 5s (Abort) 93 t
STOCKS t
PUBLIC UTILITY. t
merican Tel. and Telga 105
nit a I Traction 83% 87 s
I. Oa. ilC At f
orfolk and Wash- Steamboat., lbo *
rash. Hwjr. and Elec. com 25 27
'ash. Rwy. and Elec. pfd *33% 38 v
NATIONAL BANK. f.
meriran 183 Ir
>lumbia 173 C
numereial 170 .....
iatrlct 170 v
armera and Mechanics' 213 n
Nleral 170 180 h
barty *
incoln 105 ?
ational Metropolitan 215
?SR? 465
tcond 165
^ashing ton 180 1
TBUST COMPANY. J1
meriran Security and Trust.. 210 222 h
Mtineatal Trust 100 104 c<
ational Savings and Trust.... 276 t,
nion Truat ...118 d
ashington Loan and Truat.... 236 273
SAVINGS BANK. \
jmmeree and Savings 155 ?
sat Washington 13% 11
erchants* , 14S c>
curity Savings and Commercial 205 230 li
tventh Street Savings 150 ...., tl
nion Savings 112 _
. S. Savinga . 200
raabiogtoQ Mechanics' 25 26
FIB* JN8VBANCB. ?
rllngton 0 Sl
115 Si
iremen's 19% c;
mericsn 230 a
ationsi Union 7% Cl
TITLE INSURANCE. tl
olumbis Title 4% 5
eal Estate Title 88 .
MISCELLANEOUS. "
olumbis Graphophone com.... 3% 4 .
. C. Paper Mfg. Co 75 2
erchants' Transfer and 8torage 115 a
ergenthaler Linotype 118 118% t<
Id Dutch Market com 3 6 t<
Id Dutch Market pfd 7 9 n
inston Monotype *72 75 ?
scurlty Storage 200
-..-I. if.ibtl '.a .?? e
Ex-dfividend.
CURB STOCKS. I
Quotation! furnished by W. 3- Bibbs 4 Co. f
^13;15p.m.-, 1
Bid. Asked.
ptna Explosives 12 12)4
Hied OU 3
rkansas Natural Gas 7)4 8
la Led.re 20 22
?ne Oil IT 19
>ston and Montana *81 68
iston and Wyoming 6ft 68
tiedonia 8 0
tlupiet and Jerome 11 13
irbon Steel 17 19 y
irib Syndicate 394 4
irib Trading 4 8 t<
ir Light and Power 90 100 *
ties Service <new) 12)4 12%
ties Service (old) 112 119 r
ties Service pfd 44 4.r? r
ilumbian Emerald 00 94
immonwealth Finance 59 01 s
ansolldated Copper 1 1%
intinental Motora 514 5)4
essen Gold 113-19 1% 1*
ivis Daly 5 7 a
jminion Oil 7 9 y
iirant Motora 25 27 0
Ik Basin 5% R
1? -? ?u ox C
npirn r uwi .. ?
ngin^ers* Petroleum 44 46 *
areka Croesus 31 32 1
irreil Coal J ?
;Ueral Oil ... 1% 15-10 1
pnsland Oil 3 9 ij
illiland Oil I 1H B
len Alden Coal 30 32 *
lenrock Oil 70 74 a
ufTey -Gillespie 10*i H ?
ranada Oil 2% 3 1
erla .... 1% 4 b
reulep Paper 7 8 i,
itereontlnental Rubber OVt 0%
iternatioual Petroleum (new).. IQVi 10*5 _
row. v.rt? ? l# '
ay County Gap Vt 1 tl
ike Torpedo % 1 v
i?ne Rtar Gas 10 20 c
a?ma Copper 17 18 n
aracaiba Oil It "
ran Valley 114 1? p
errlt Oil T 7*4 w
id west Oil com 214 2*5
idwest Oil pfd. 2 8
idwest Reflniac 180 140
ountain Producers* 7% 8 a
erada Ophir 25 28 *3
pw Cornelia 12 13
Ipissinp Mines Co 4% 4% y
able Oil and Gas 17 18 J1
urth Amer. P. and P 2% 3*4 n
orthwestern Oil 15 22 \\
nar Oil (new) 111-16 113-16 n
i*nnok Oil 3%
frfection Tire 84 88 ?
roducers and Refiners' 3% 8% H
adio com 1% 1% l"1
adio pfd IT4 2
.. ? IT ..1 0?? ?
?.? urnuics ? " 23
>an Consolidated 4 5 i.
ilt Creek Producing 22 32 JJ
lit Creek (new) 10% 10% J
ipnlpa com 3 3'4 ti
mm. Petrol B - 6%
telly OU 3% 3% n
?uthern Coal and Iroa 3% 3% 7
veeta Co. of America.. 11% 2% '
rift International 83% 23 8
mopah Divide M 89
inopab Extension 1% 1%
nited Eastern 2% 2% .
. 8. Lifbt and Heat com 1% 1(4 J'
. S. Liaht and Heat pM % lij I
sited Profit Shartat 1% 1 s-ij e
. 8. Ship Corporation U SO a
. S. fitsaaahb. 29 31 i,
sited He tall Candy s% 5% ,,
sited Texas 13 lfi^ J
arren Broa. 18 a
ayae Coal I 1%
'eat End Ooma TT 79 8
riakt Asro 3 SB
CH1CA00? i,
rmour Leather com 12% 12% ,
rmotir Leather pfd 93 94 i
rmopr pfd 90% 90% ?
hhy 8* 8% ?
atiaafil Leather 7% 7% I
sift * Co 95% 98 il
nion Carbide 43% 44 J
t
PAEIS BOURSE FIRM. 1
PARIS. August 19.?Prices were firm
a the bourse today. Three per cent
uites 56 francs 36 centimes. B*ien?
eon tendon. 4T franca 40 ofiot- F
tea. Fivepar cent loan. SI franca 4* c
intlmes. The dollar was quoted at IS I
anca 38 centime*. _ tl
STOCKS ARE SLOW,
RAILS HOLD WELL
ieneral Market Is Slow,
Many Industrials Being
Under Severe Pressure.
BY MTL'AHT P. WEST.
NEW YOKK, August 19.?The lowring:
of the call loan renewal rate
a per cent was the chief incient
of another unimportant day in
he financial market**. It followed
irectly upon the further increase in
he Federal Reserve ratio, both at
few York and for the countrv fi-en
rally, an Increase which'wax once
lore flue to combined addition to
ojd holdings and reduction of loans
nd circulating notes. With a ratio
f reserve to liabilities for the enIre
system of 65.8 per cent and of
3.2 per cent, for the New York disrict,
the question of another redqcion
in official discount rates becomes
very live one.
The likelihood of such a reduction,
lung with the present fact of an exundiuK
money supply, again found its
tain reflection in the in vestment and
ot the speculative market. Bond prices
ontinued to work higher, while in the
ise of stocks, money condilions were
[norcd and attention remained fastened
poo the trade situation and the disussion
of more poor earnings, stateicnts
and dividend cuts to come.
There was a marked distinction, as
lere has been right along, between the
lovement of industrials and of rails,
he former, after yesterday's little flurry
f short covering, seemed in the eyes
f professional traders to be jsomewhat
lor? vulnerable. The rails, 011 the other
and, were sustained by the apparently
lore promising outlook for early action
pon the refunding bill and still more
y the prospect that July traffic returns
'111 be the most encouraging of the
?ason so far.
Westlnghouse Electric.
The decline in Westipghouse Elecric
to a new low for the year was
xplained in part by the prevailing
usincss depression and in part by
he company's rather extended posiion.
*ts shown in the last balance
heet.
On March 31 inventories stood at
he extremely high figure of 80,724,89.
These had been written down
t the ciose of December to cost, or
larket, whichever was the lower,
n additional $5,000,000 had been set
p as a special reserve to cover
urther depreciation.
Notes and accounts payable were
ver $27,400,000, as against little
lore than $15,000,000 on March 31,
020.
The business slump did not hit the
lectric company until the nf
u?t year.
Orders were so heavy up to Deceruer
ih;:t in Novt nib.-t <30,000,000
en-year 7 per rent bonds were sold
0 provide the larger working capial
needed.
The discount and banker's commision
reduced the amount raised to
27.200.000. More than *0,000.000 was
pent on plant extension, *5.000.000
tent to the inventory reserve fund
nd about half the remainder showed
1 the balance sheet investment and
ash increases.
Apparently the remaining $6,000,000
rent to reduce bank loans. But the
lain point is the heavy increase in
>orrowing. which occurred in the
ourse of the year, despite the $27,i)0,000
of new money raised.
Industrial Alcohol Dividend.
Cutting in two the Industrial Alcooi
dividend was what the market
ad expected and it, therefore, ocasioned
no surprise. As is the cusim
with official statements from Inustrial
Alcohol headquarters, the ac- !
ompanying explanation was vague
nd left the public as well as stock
umris entirely in me uarK. J\e-I
eipts from some of the specialty
nes were pood, but the demand fori
tie main product?Industrial Alcohol1
-was poor.
The statement said nothing: about
rices, but as told in this column
?veral days ago. alcohol has been
elling as low as 26 cents a grallon in
arload lots, whereas little more than
year ago it was up to $1.15. At 26
ents, it is more than doubtful if
iere is any profit at all in the business.
The company was strong enough
l cash and at the banks?it has been
ut of debt right along?to warrant
rawing upon surplus to make up a
eflcit. But shareholders were not
Did. what they would very much like
o know, namely, whether it was
ecessary to make such a draft, or
whether the dividend reduction was
nough to cover the deficiency.
iONDlWBND,
WITH PICES FIRM
NEW YORK. August 19.?There
re re no new offerings of importance
oday to test the bond market, but the
emand for listed issues continued
ather keen and further gains ocurred,
especially In the railway divlion.
Chicago. Burlington and Qulney
olnt collateral 6%s made a new high
t 101%. and are up 514 points from
rhere they were brought out. The
ther members of the Hill group were
trong. with the Great Northern 7s at
01 and the Northern Pacific 8s at
0114. Pennsylvania 7s. which left
ff last night at 103%. sold up to
04%. Their high record figure ear.
ier iti the year was 105%. Other
hort-term bonds in the same class
re likewise drawing near their for.
ier top. New York Central 7s, at
03%. are only off a point from their
est, while the Louisville 7s are wlthri
a half point of their high.
St. Louts and San Francisco bonds
'ere notably strong. At one time
ha prior lien 4s were up a full point,
fhile the 5 per cent Bs and the 6 per
ent Cs gained a half point. Baltimore
and Ohio $s reached the best
rice they have touched in some time
rhen they crossed 91.
Pennsylvania 5* Finn.
Pennsylvania general 5s were
ctlvelv dealt in from 87 to 87%.
lock Island refunding 4s jumped a
oint to 69. Seaboard Air Line adustments
were stronger, but weakess
continued in the New1 Haven ,6s.
hlch have been under pressure more
r less continously for the last week
r so. These bonds sold down to 57.
new low. but later had a partial
ally. /
With the exception of Cuba Cane
Ugar rs llicre wne mne renecnon
i tbe industrial bond group of tbe
weakness in the industrial part of
he stock market.
Rubber 7H? held around 10014
riost of the day and the 5s around
8. In spite of the break in rubber
harss.
Nat Reflected in Bonds.
Westlnghouse 7s were scarcely
arrsd by the new low of the stock,
,nd Mercantile Marine 6s were highr.
Duquesne 6s, which had slid oft
,t 83 at the olose yesterday, want
ack across 93. There was heavy
rading in the du Pont 714s at a slight
dvance.
Most of the European government
ecurlties were in active demand,
lelgian 714 s made a new high, crossng
162. Swiss 8s were higher at
9614 and United Kingdom 514s of
937, which closed at 86% yesterday,
ot across 87. Denmark 8s and the
)antsh municipals were prominent
n the dealings. On the other hand,
Cingdom of Italy 614s dropped oft
o 8714 and the Mexican 5s were
ow?r.
APPOINTED TO WEST POINT.
Howard Cornell Bugbee, son of' CoL
SHSKSI's
TtTOlMIt HRPMUf .ft C8oCI*ftt#lftrjPi At
l^i iyin^iy j
TODAY'S BC
Nom prlc*. reported to Tbe Iter orrr dtrret'
New York-Wmihlnatoo wire bp Kedmond 6 Co.
dtp ( P.rt. ?e **
French Gore rumen t 8a WH
GoTtrnment of Iwitnerland M#H
Klugdom of Belgium 7H? 10214
U. K. of G. B. end Inland OH* 1021.
I!. K. of G. B. and Inlaad OHa 1022. ?8H
II. K. of G. B. and Ireland OHa 1020. OS
U. K. of G. B. and Inland OH* 1007... 07
American Tel. and Tel. cogv. 8? *??%
Armour and Co. 4Vi? I
Atchison, Topeka aud Santa F# fan. 4?.. 77 }4 I
Atlantic Coast Line 7s a }??%
Atlantic Refining Co. 6V4c 1981 *?*
Atlaa Powder Co. 7 Vis, 1986 J2%
Baltimore and Ohio conv. 4 Via J?
Baltimore and Ohio 6s ...? ??%
Baltimore and Ohio H. W. Dir. 8Vi* JR* I
Bethlehem Steel refd. 5a I
Burlington (N. P.O. N. Jt.) 6 Via 101*
Canadian Northern 7a. 1940 1J8V4
Central leather 5s a 2?Vi
Ceuttnl Pacific 4s 1949 78%
Chesapeake ;ind Ohio ccnv, JJ
Chesapeake and Ohio gen. 4Vfca 12,,
Chesapeake and Ohio conv. 5a
Chicago, Mil. and St. P. refd. 4Via JS
Chi., Mil. end St. Paul conv. 4Vi*..*.?? ?*
Chicago Northwestern 7s 1980 *?r%
Clii., Rock Island aud Pacific refdf. 4a.. Jg
Chicago Union Station 0&h...,, 10?Vi
Consolidated Gas 7fr 1?*%
Delaware and Hudson 7a 1930 10*
Krle general lien JJJJ
General Klectric tta *??%
n.wUlBMB Tl? --- **" *M%T
?"i: >1U MKIHirr *->V. 00 t*lt. . *V?* T1
Grand Trunk 7* ret ,.... 108
OrMt Northern 7h 1986 101
Illinois Central 5%h 92
International Mercantile Marine 6a 76%
Inter. Rapid Tranait lat and ref. 5a.... 65%
Louiiville and Nathrille 7a 1990 108%
Mi*?tour). KanaaH and Texan lat 4a 60%
Miaiiourl Pacific general 4a 54
New York Central 7a 1980 102%
New York Central deb. fte 92%
New York Telephone 6* 94
Norfolk and Wentcrn conv. 4a 77
Norfolk and Wenteru uuqv. tin lflfl
Northern Pacific 4a 76%
' Packard Motor Car Co. 8a 1981 95%
Peiituylvaniu 5a 1968 87
Pennsylvania It* R. ?%? 1986 99%
Pennsylvania 7s of 1930 ; 104
Pctiu*.v!vania .gen. mortgage 4%s 79%
Heading general 4a 76
Kt. LuuL and Man Francisco 4s, series A. 62%
St. IjoiiIh and Sun Francisco 6a 1929 89
St. lemla and Kan Francisco inc. 6s. 57%
Seaboard Air Line refd. 4s 89%
Mrahourd Air Line adj. 5s 27%
Sinclair Cons. Oil Corp. 7%n 1925 91
Southern Pacific lat ref. 4*.? 76%
Southern Pacific coav. 4s...... 81%
Grain, Produce
GRAIN AND PROVISIONAL.
BALTIMORE, August 19 (Special).?
Potatoes, white, barrel, 1.75a4.50; 100
pounds. l.OOaS.75; sweets, barrel. 2.60a
6.00. Yams, barrel, 4.00&4.50. Beans,
bushel, 75al.35. Beets, bunch. 2a3.
Cabbage, head, 4a8. Carroti, bunch,
2a3. Celery, crate, 3.50a4.00.
Corn, dozen. Sa25. Cucumbers, basket.
30a45. Eggplants, basket, 25a;
35. Lima beans, bushel, 75al.OO. I
Onions, bushel. 1.25al.50. Peppers,
basket. 20a25. Squash, basket, 20a30.
Tomatoes, basket, 40a55; bushel, 1.00a
1.15. Apples, barrel, 2.50a4.00; bushel,
1.50a3.00. Cantaloupes, basket. 40a50;
crate. 75al.50. Damsons, pound, 7.
Grapes, common, basket, 1.25al 60.
Peaches, basket, 1.50al.76; crate, 1.50a
5.50. Pears. Bartlett. basket, 1.00al.25;
Seckels, 75al.OO; common. 50a75.
Watermelons, selects, per hundred,
20.00a35.00; primes, 8.00al5.00; culls,
3.00a5.00.
Selling Priors at Nam.
Wheat?No. 1 red winter, spot, 1.29%
per bushel; No. 2 red winter, spot,
1.28%; No. 2 red winter, garlicky,
spot, 1.20 >4.
August wheat, 1.2114 per bushel;
September, 1.29 bid; cargoes on grade.
No. 2 red winter, garlicky. 1.1914; No.
3, 1.12%; No. 4. 1.07%; No. 5, 1.02%.
Sales?Bag lots of nearby at 1.09,
1.10, 1.14 and 1.1a per bushel.
Two cars of No. 2 red winter, garlicky,
spot, at 1.20%.
Corn?Cob. new, yellow. 3.80a3.85
per barrel; contract corn, spot, <4%;
track corn, yellow. No. 3 or better,
domestic. 78.
Bag lots of white, delivered, at 85
per bushel.
Oats?No. 2 white, new, 41%a42; No.
3 white, new, 38%a39. Old oats at
premium.
Rye?Bar lots of nearby rye, as to
quality, 80 and 1:13 per bushel; No. 2
western export, spot, 1.13 per bushel;
No. 3, no quotation.
Hay?Demand is fair for new timothy
and light mixed hay arriving In good j
condition at average of 15.00 to 21.00
per. ton. Damaged hay is hard to
move at any prices.
Straw.?No. 1 stralsrht rve. nominal: <
No. 2 straight rye. nominal; No. 1
tangled rye, 15.50; No. t tangled rye,
14.50; No. 1 wheat, 11.00; No. 2 wheat,
12.00; No. 1 oat. nominal, 14.50 to 15.00;
No. 2 oat, no quotation.
NEW YORK. Auguet 1?.?Flour,
eaey; spring patents, 7.75aS.7$; soft
winter straights, 5.90st-40. Lard,
steadier; middle western, ll.10all.20.
Other articles unchanged.
CHICAGO, August 19.?Wheat prices
showed more steadiness today than
has been the rule of late. Export
buying was noted at 14 better than
priced heretofore and general trade
appeared to be somewhat broader.
Country offerings were light. Opening
quotations, which varied from
unchanged figures to half a cent
higher, with September 1.1614 to 1.17
and December 1.1714 to 1.18, were
followed by a moderate setback and
then by a rally to about yesterday's
finish.
Corn lacked support. After opening
74 ofT to 44 higher, including
September at 52 to 5214, the market
underwent a general sag.
Oats developed a little firmness
owing to receipts being smaller.
Prices started 14 to 14a% lower, but
then scored alight gains.
Absence of buying weakened provisions,
despite an upturn in the
value of hogs.
WHEAT? Open. Hitb. low. Cleie.
September 1.1644 1.1614 1.16 1.17
December l.lTlj 1.1S14 1.1614 1.1744
CORN?
September 52 5244 5144 5214
Decetnlier 53 5844 5914 59
OATS?
Reptembrr 82 S8 82 8244
December 8314 3614 8544 88
CHICAGO LIVE STOCK MARKET.
CHICAGO, August 18 (United States
bureau of markets).?-Cattle?Receipts,
2,000 head; slow, generally
steady; bulls, weak to JD lower; top
heavy steers, 10.05; bulk beef steers,
6.75at.50; bulk, fat, she atoek. 4.00a
6.00; canners and eutters, 2.25al.26;
bulk, bolognas, 4.25s4.50; butcher
grades, largely, f.OOat.SO; bulls, Mockers
and feeders, B.OOaT.OO; domestic,
strong weight feeders, 8.00.
Hogs?Receipts, .15,000 head; 25 to
50 higher; better grades practically
all sold; others slow; top, 10.35; bulk,
light and light butchers, 10.00al0.t0;
bulk, packing sows, 8.25a8.75; pigs, 15
to 50 higher.
Sheep ? Receipts, 5,000 head; all
classes, about steady; natlvs lambs,
top to city butchers, 10.50; bulk to
packers, 10.00; one load, 10,25; seven
cars Idaho lambs, 10.15: 600 feeders,
out at 9.60; good Idaho and fed western
ewes, 4.60a4.T5; best light, fat natives,
5.00.
SUGAR MARKET QUIET.
NEW YORK. August If.?The raw
sugar market was unchanged early today,
with sales of 15,000 bags of Porto
Ricos and 21,000 bags of Philippine
Islands reported to local refiners at
4.50 for centrifugal.
Raw susrar futures were steadier on
covering for over the week end and
prices at midday were 7 to 8 points
higher.
The market for reflned was quiet at
6.00 to 6.18 for line granulated, with
second-hand sugars still obtainable
below refiners' quotations. Refined
futures were nominal.
MONET A1TO EXCHANGE.
NEW YORK. August It.?Prime
mercantile paper. 6a6k; exchange Irregular;
sterling sixty-day bills and
commercial sixty-day bills on banks.
3.62k: commercial sixty-day bills,
3.63k: demand 3.65%, cables 3.66k;
francs, demand 7.72k. cables 7.71; Belgian
francs, demand 7.66k. cables 7.(6;
guilders, demand 30.99, cables 31.03;
lire, dlemandl 4.34, cables 4.34k;
marks, demand 1.19k, cables 1.30;
Greece, dlemand (.48; Sweden, demand
31.33; Norway, demand 13.02; Argentine,
demand 30.87; Braslltan, demand
12.50; Montreal, 9 18-16 per cent discount.
Government bonds heavy, railway
bonds steady. Time loans steadly.
Sixty days, ninety days and six
Months, ikatk per cent.
>ND PRICES.
Southern Railway (en. 4a &<(4
Southern Railway Si 84%
Union Pacific lat 4a.. 81%
Union Pacific cone. 4a 83%
Union Pacific ?a 1928 MO.
United Statea Rubber 5a 78%
United Btatea Rubber 7%a 101(4
United State* Steel 8. P. 5? 93%
Vacuum Oil Corp. 7" 1936 100%
Virginia-Carolina Chemical 7%s 1932.... 91*4
Wilson 4 Co. lat 8* 80%
SHORT-TERM SECURITIES.
(Reported by Redmond 4 Co.)
Bid. Offer.
American Tel. 4 Tel. fu 1922.. 9811. 99
American Tel. 4 Tel. da 1924.. 98% 98,-i
American Thread Co. da 1928.. 9d% 97%
American Tobacco Co. 7a 1922.. 97% 97%
American Tobacco Co. 7? 1923.. ?7% 97%
Anaconda Copper da 1920 89 89a.
Analo-Ameriean Oil 7(4* 1925.. 100% 1(10%
Armour 4 Co. 7? 1930 98% 984
Rethlehem Steel 7a 1922 99 % 94%
Rethlehern Steel 7a 1923 98% 98%
Canadian Pacific (la 1927 97 % 97%
Central Argentine (la 1928 81% 83
Chicaao. R. I. 4 Pacific da 1922. 9814 99
C? C.. C. 4 St. Jalula da 1929.. 89 89%
Con. Car of New York 8a 1921.. 100(4 100%
Copper Export "A" 8a 1922.... 101 101(4
Copper Export "A" 8a 1923 100(4 101
Copper Export "A" 8a 1924.... 100(4 Ml
Copper Export "A" 8a 1925 101(4 101%
Cudaby Parking Co. 7* 1928...,. 98 99
8. P. Goodrich 7a 1926 90% 90%
Gulf Oil Corporation 7e 1933. .. 97 % 97%
H. J. Helnx 7. 1939 100 100(4
*? ar.ai e?_ 7nAi A1U
;Humbu oiViVim"".'.'.'.'.'.'.'.'.'. a'vj ?7;2
Kennecott Copper 7e 1830 83 9d%
Llffett A Myers * 1880 1<>0% 10014
! Procter 4 nimble 7? 1822 10014 100%
Procter 4 Gamble 7a 1823 100% 100%
R. J. Reynolds Ha 1822 100 100%
Sears, Roebuck 4 Co. 7s 1821.. 100 100%
Sears, Roebuck 4 Co. 7s 1822.. 08% 00
Sears. Roebuck 4 Co. 7s 1923.. 97 % 07%
Southern Railway R* 192-' 97 07%
Southwestern Hell 7s 1925 90% 07
Swift 4 Co. tta 102! 99% l?*l
Swift 4 Co. 7s 1833 100 100%
Texas Co. 7s 1922 100 100Vi
i Union Tank Car Co. 7s 19,JO 101% 101%
I Western JGlertric 7s 1925 100% 100%
Westluzhouse E. 4 M. 7s 19S1.. 101% 101%
- t
LIBKRTV IIOND CLOKI.NG PBI( KK. !
NKW YORK, August 19.?Liberty i
bonds closed: 3V?s, 88.40: first 4s, 87.80.
bid: second 4s, 87.60; first 4V4s, 87.86:
second 414s. 87.70; third 414s. 91.92;
'fourth 414s, 87.92; victory 3\?, 98.74;
victory 4%s. 98.74.
and Live Stock
LOCAL WHOLESALE MARKET.
Eggs?Strictly fresh, per do*., 40*41;
average receipts. 39.
Live poultry?Roosters, per lb., 18;
turkeys, per lb.. 33a35; chickens, spring,
per lb., 33a35; hens, per lb., 23a26; keats,
young, each, 35a50.
Dressed poultry?Fresh-killed spring
chickens, per lb.. 35a3S: hens, per lb.,
27; roosters, per lb.. 22; turkeys, per lb.,
3ta40; keuts. young, each, 60a75.
Pork?Dressed, small, per lb., 18.
Live stock?Calves, thoice, per lb.,
11; lambs, choice, per lb.. 10; live hogs,
per lb., 91**914.
Grgen fruits?Apples, per bbl., 3 00a
,0.09: per bushel basket, 1.00a3.00: western,
per box, 3.50*5.00; California lemons,
per box, 3.00a4.o0; California
oranges, per crate, 6.00S7.00; peaches,
per crate, 4.00a6.00; cantaloupes, per
crate. 75a2.&0.
I "VAire t -.1 Moc D?4n???o Vft 1 nor
barrel, uj)0*6.00; No. 2, 2.50*3.00; sweet
potatoes, per barrel, 6.00*6.50; lettuce,
nearby, per crate. 75al.25; New York,
crate, 1.50*3.00; celery, per doz., 60at'0;
romaine lettuce, 1.00*1.50; cymblings.
per crate, 50&75; spinach, per barrel,
3.00*4.50; onions, 1.50*2.00; cabbage,
3.00a4.00 per bbl.; cucumbers, 1.00*1.25;
eggplants, per crate, 1.50a2.00; tomatoes,
per box, 1.25*3.00; corn, 15*30 per dosen;
beans, 1.00*2.50 per barrel; lima bean*.
20*25 per quart.
DAIRY MARKET*.
BALTIMORE, August 19 (Special).?
Chickens, alive, springers, pound, 26a
32; white leghorn*. 23*26; old hens.
23a27; old roosters, 15al6. Ducks. 18a
24; pigeons, pair, 25; guinea fowl,
each, 70a75.
Eggs (loss off)?Native and nearby
firsts, dosen, 33; southern, 35.
Butter?Creamery, fancy, pound, 45a
47; prints, 44a48; nearby creamery. 40
a41; ladles, 30*32; rolls, 23*30; store
packed. 27a28; dairy prints, 28a30;
process butter, 34a33.
NEW YORK, August 19.?Butler unsettled;
receipts. 13.58J tubs; creamery.
higher than extra, 43*4312;
creamery, extra (92 score), 42a42!t;
creamery, firsts (88 to 91 score),. 37'-a
41*19; packing stock, current make.
No. 2, 29.
Eggs firm: receipts. 15.087 crates;
fresh gathered, extra firsts. 41a44;
fresh gathered, firsts. 37a40; state.
Pennsylvania and nearby western
hennery whites, firsts to extras. 47a
St; do. browns, extras, 46a48; do. gathered
browns and mixed colors, firsts
to extras, 3oa45: refrigerator, specials,
36V*a374: do., firsts. 34a35*iCheese?Barely
steady; receipts. 1,961
baxes; state, whole milk, fiats,
fresh, specials, 21a214; do., average
run, 20a20 4; state, whole milk,
twine, specials, 21x214; do., average
run, 20a204.
Poultry?Live, firm; broilers, 29a33;
| fowls, 27a32; dressed quiet; prices unj
changed.
I CHICAGO. August 19 ? Butter ?
I Higher; creamery, extras. 39; standlards,
37. Eggs. unchanged; receipts,
8,461 crates. Poultry, alive, lower;
fowls, 18a28; springs, 27.
COTTON MAHKKTS.
NEW YORK, August 19.?Liverpool
did not fully respond to yesterday's
advances, but the cotton market here
showed renewed steadlneas early today
on covering and trade buying. First!
prices were steady at an advance of i
one to three points, and while there I
was seme scattered southern selling, i
active months son showed net gains of
nine to twelve points, with December
selling at 13.52.
Reports that the War Finance Corporation
had made an advance to
southern bankers to aid in financing
cotton and other products for export
probably had an encouragtng influence
while there was also buying on reports
of higher temperatures in the southwest.
Futures opened steady: October.
12.99; December, 13.42; January, 13.48;
March. 13.75; May. 13.86.
NEW ORLEANS, August 19.?Poor
oables caused a drop pf four to six
points in the priae of cotton on the
opening today, but the continued dry
weather in Texas and complaints of
further deterioration in that state soon
brought in buying on which there was
an upward reaction to lev'els nine to
ten points over the close of yesterday.
October fell off to 12.50, and then
traded up to 12.66.
Futures opened quiet: October,
13.60; December, 12.91; January, 13.06;
March, 13.25; May, 13.37.
OIL STOCKS.
Quotations furniahed by W. B. Hibbs A Co.
Bid. Aaked.
Anglo-American Oil (new) 13 15Vj
Bprne-Scrymaer Co 340 35o
Buckeye Pipe Line Co 62 84
Ctieaeborough Mfg. Co . .. 70
| Continental OH *107 110
I Crescent Pip* Line Co 26 28
Cumberland Pipe Linn 116 125
Enrekn Pipe Line 75 79
I Galena-Signal Oil com 33 33
uaiena-sicnai un pia 88 92
Ullaois Pipe Line 150 1S3
Indiana Pipe Line 75 7?
National Tranait Co 140 15o
National Tranait Co 25 28
New York Tranaportation 140 145
Northern Pipe line 85 89
Ohio Oil 244 247
PennarlTania-Mezlean Fuel 19 21
Prairie Oil and Oaa 420 430
Prairie Pipe Una 187 190
Solar Metallic Co. 840 350
Southern Pipe Xiao 77 79
South Penn Oil Co 177 182
Seuthweet Papa Pipe Line 68 58
Standard Oil of Indiana 89<4 89%
Standard Oil at Kaneae 880 550
Standard Oil of Kentucky 880 890
Standard Oil of Nebraaka 148 165
Standard Oil of New York 817 320
Standardbpil ef Ohio 370 380
Swan Ariaeh Co SO 88
Union Tank Line Co 88 Si
Vacuum Oil Co. 248 298
Waahinsteo Oil 28 88
SUES FOE MAINTENANCE.
Suit (or maintenance has been flled
in the District Supreme Court by
Blanche U. Lomax against Garland S.
Lomax. a policeman at the ninth precinct.
She charges cruelty, hon-aupport
and desertion. They were married
at Alexandria* Vs., February 14,
1914, and the wife charges that her
husband deserted her la April, Wl?.
She Is represented hp Attorney William
AJTCoombe.
TROLLEY CAUSES LEAK.
Electrolysis Through Current From *
Bail Attacks Water Main. J
Special Dlapateh to Ths Star. a
LYNCHBURG, Va., August It.?A
leak In a service water main In Rlvermont,
under two feet of concrete
street surface, was caused by electrolysis.
a development which came
after the city had opened the street
to locate the cause of the trouble. A
small lead pipe had been eaten into a
thickness of an eighth of an inch by
electric current leaving the street car
rail, which was located directly above
the pipe.
A hole as large as an ordinary lead
pencil wan eaten through the pipe'
following which the leak developed. I
The pipe wax put in new when the]
treet was paved in 1914.
ARREST MAN AND WIFE.
Woman Charged With Theft of
Jewelry in Philadelphia.
Special Dispatch to The Star.
L.YNCHBURG. Va.. August 1??The
police here have arrested Mra. Alma ft
Saunders, nineteen years old. and her e
husband. Robert Saunders, at the instance
of the Philadelphia authorities,
who charge the woman with the theft
there of a $300 Masonic ring and a $75
stickpin. m
The police say the woman admits
having sold a ring in Philadelphia,
and that the ring has been turned
over here to the authorities. The couple
were arrested at a local hotel and
their trunk was taken to police headqua
rt
|39fe OriSavings!] jj
I
ESTABLISHED
Cons
????? *m.
hrpHE consei
|\ JL tales of
lT?k speculatic
VJk should not
s finance, and
|U | ment a man s
Ta ing and ask t
vk When our
?IJ? the subject o
* |jj. always weleo
IM investor of
"lA. angle. Conse
I \m the investor
I . B spect. and th
>0 * inated.
M k The return
| El tive for an i
II _ ness. We w
V subject more
V The loans i
ations.
PHONE oiB
MAIN?BSD#
. I;
y?-x, ? **. . ...... , ....
il Travelers' Checks
RB Are safer than cash to cany with
you on your trip away from home.
B9 Cashed anywhere. Denominations B|
of $10 and up. HI
1 1336 N. Y. Ave. |
1 II STOCKS?BONDS?COTTON I
GRAIN ? SUGAR ? COFFEE I
Boifht and Sold on Commluiea 1
gSi Srmritles aad Commodities* |
Review Free, I'pon Request. |||
A. A.Housman&Co. I j
20 Broad Street, New York |
MEMBERS: f
\rn York Stack Eifhanre ffl
N'ew York (?lto? Kx.hinft Jftt
>rw York Produce Exrhan,f w:
>. V. Coffee and Suffar Exckaaae Bp
Chicago Board of Trade gj
Associate Members of Liverpool ?
Cotton Association. |;
Washington Office ||
MAIN FLOOR CORRIDOR If
WOODWARD BUILDING |
Telephone Main 2040 |jj
CHARLES R. ALLEY. Mffr. I
" ... . - (
Combines
Safety
and
nign Returns : |
CITIES SERVICE COMPANY
Series D
v>? c?'d !
This i> a senior obligation of |
the Cities Service Company. Jn i
the past five years a surplus income
nearly twice the par value ,
of its outstanding bonds has been
put back into the properties of the .
Cities Service Company, one of the 1
most widely known public utility |
and oil companies of the world. j
These funds, taken from sur- '
plus earnings, indicate the man- \
a e e r.i e n t' s sound policy and !
strengthen the equity behind the ]
securities which we recommend. |
TO YIELD 9 PEK CENT
THOMAS W. BRAHANY
& COMPANY
Investment Securities.
510-11 Evans Building
Washington, D. C.
i
Ir- " ' 1 l' 1 1 11 1
Money to Loan 2
50.000?7% intcrckt, in some of $1,000 to $5,?
}0, lernred by first deod of tru?t on r*?! estat*.\
oseph I. Weller
\
Redmond 8. Co. 1
Investment Securities
1516 K Street
Telaphoaa q ^
Main 7074 ?
0
~ 9
law York BalUmera *
Philadelphia Pi tUburgh
LOANS ON
LIBERTY BONDS
Bonds bought and Bold
Registered or Coupon.
Liberty Bond Exchange
604 14th St N.W.
MERC, EN THALER LI N< >TT PB COM r A NT.""
Brooklyn. N. Y.. August 16. 19-1.
DIVIDEND 108.
A regular quarterly dividend of 2V? per '-oat
ti the capital ktink of the Mergenthnlcr
rpe Company will be paid on September 80.
H21, to the stockholders of record aa they apear
at the <-los.e of buaineaft on September d.
121. The transfer book" will not be closed.
J OH. T. MAOKEY. Treasurer.
EQUITABLE
Co-Operative Building
Association
Onraabre 1ST*
41Bt YEAR COMPLETED
4ssets HMS3Mn
kurplo* 91,965,323.89
Interesting
SaTing money will five you an Interesting
object in life if you have a
definite purpose in view.
Juin the Equitable.
Subscriptions for the
81st Issue of Stock
Being Received
Shares, $2.50 Per Month
4 Per Cent Internet
EQUITABLE BUILDING
915 F St. N.W.
JOHN JOY KDSON. President I
PRANK P. H RESIDE. See>. I
Century
Live as You Want
Them to Live
Investment in our First .
Mortgages is wise for you j
and sets a good example for ;
your children. It teaches :
thrift, economy and the idea ?
of giving value for value.
Do you want to bring up
your children in the atmosphere
of hoping to get something
for nothing, to wit: a
profit on a speculation?
Is it not better to work for j
the money you get, and then
to hold on to it by secure in- J
vestments, and teach your *
family to "do the same?
B. F.SAUL CO. j
Mortgage Loans
934 N. Y. Ave. N.W.
Any Time la a Good
Time to Inveat in
First Mortgages
But more especially Is this type
of Investment desirable when
business conditions are uncertain |
and experts can't agree on prophecies
for even SO days ahead.
The FIRST TRUST NOTE remains
at par. even through panics, when
placed to conform with our requirements,
and yields
7% |
I
Consult Our Loan Dept.
SHANNON & LUCHS
Mala 2348
713 14th St.
il
>ervatism
rvative man is unmoved by ]
riches derived through
>n. Chance propositions
enter into questions of
before making an invest- ?
hould do some hard think
nany questions. J
First Mortgage Loans are
f discussion, questions are
med. We can satisfy the
their safety from every
rvatism is our watchword;
is protected in every ree
element of risk is elimI
?7%?is unusually attracv
nvestment of such sound- .
ould like to go into thefully
with you.
are in convenient denorai- t
^KU?T?i I
-1JWST.N.W. i J
. t

Evening star. [volume], August 19, 1921, Page 13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 19, 1921, Page 13, Image 13 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 19, 1921, Page 13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972