The Montgomery advertiser. [volume], May 24, 1924, Page EIGHT, Image 8

About The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982

Image provided by: University of Alabama Libraries, Tuscaloosa, AL

                
§lrregttlarnyt$<
'/Shorn in Cotton
Throughout Day
m
NEW TORE, May It.—May contracti
••Mad ta exist ta tha cotton market at noon
today, coins at SI.98 or practically un
changed from tha previous night and 275
paints over tha July position. Tha rest of
tha trading was Irregular throughout the
day, showing periods of considerable
strength, during which July reached £9.46
and October 26.14, or 17 to 82 points net
higher, followed by reactions that left the
market finally five points net lower to 7
points higher, with the tone barely steady.
Tha market opened easy and 17 to 38
and
paints lower, reflecting bearish cables
somewhat batter crop and weather news.
Notices on about 11,000 bales tor delivery,
'made tha total amount delivered so far
this month, upwards of 60,000 bales. The
decline, which carried July to 28.90 and
October to 88.77, attracted! a good deal of
buying from Wall street interests, follow*
thg private advices which' complained of
cool nights and a backward condition of
the crop. Demand also was stimulated by
a couple of private condition reports, one
or which was 67.0 and. the other 66.4, with
the acreage Increase estimated at only s
to 4.6 per cent. This buying advanced
prices to the highest of the day from which
there was a late setbac kinfluenced mainly
by profit taking operations.
Port receipts 11,064. United States part
Stocks 267,427. Exports today 6,706, mak
ing 6,281,221 so far this season.
NEW YORK SPOT COTTON.
NEW YORK, May 22.—Spot cotton
steady: Middling. 62.86
> . NEW YORE COTTON FUTURES.
NEW TORK, May 21.—Cotton futures
closed barely steady:
May
July
Oct.
2>fO.
Jan.
Open
21.60
29.00
26.80
■25-05
24.20
High
12.15
29.45
26.12
26.42
26.16
Low
21.64
22.90
26.77
26.02
24.70
Predion*
Close Close
21.92 21.97
29.20 g 29.03
26.9T 25.97
26.25 26.2,6
26.06 25.06
COTTON EXCHANGE TO CLOSE.
> NEW YORK. May 22.<*-Members of the
New York cotton exchange today voted to
closet the exchange on Saturday, May 21.
the day after decoration day.
NEW ORLEANS COTTON LETTER.
NEW ORLEANS. LA„ May 22.—The cot
ton market was a very active, nervous and
two-sided affair today with fluctuation!
comparatively narrow considering: the
volume of business done. May was de
pressed by the comparatively large tenders
In New York and the expectation of liberal
tenders here before the month finally goes
out At the lowest May traded 67 pointe
down. July declined earfcr to 22.76 or 26
points nst lower, milled later to 29.30 or
•6 points up from the lowest, lost a portion
of the recovery in the afternoon. October
dropped 17 points lower during the morn
ing. rallied 32 points later to 26.36 and
•ascd off again during the afternoon. The
other new crop months followed much the
same course as October. The close showed
het gains for the day of 2 to 4 pointe on
active months.
The market was easier In the first part
of the morning on favorable weather over
night and on comparatively liberal tenders
In New York where notices for 6,200 bales
were issued. Only 600 bales were tendered
locally but the rapid Increase in the certifi
cated stock hers pointed to liberal tenders
before noon on Monday when the month
goes out. Trading in May ceased In New
York at noon today, the month going out
at 21.92. After a decline of nearly $2 a
bale on July and less than 21 a bale on
new crop months, the market rallied at
first on an official forecast for unfavorable
weather and later on low condition esti
mates.
After advancing 21.10 to nearly 93 a
bale from the low, the market eased off on
end of the week realising and on a rumor
that a disagreement existed between the
president and Secretary Mellon over the
taJt rductlpn bill which might lead to the
secretary’s resignation. Despite the reac
tion of the afternoon the market retained a
small net gain at the close.
NEW ORLEANS SPOT COTTON.
NEW ORLEANS. LA, May 23.—Spot cot
ton steady, 48 points down. Sales on ths
spot 291 bales; to arrive, none.
Low middling. 22.42
Middling. 20.72
Good middling.... . 21.22
Receipts 6,172 bales; atook 124,221.
NEW ORLEANS COTTON FUTURES.
NEW ORLEANS, LA., May 12.—Cotton
futures closed steady at net advances of *2
to 4 points:
Open
Nap M 4. 20.21
JaiP m 22.21
Oct. .. .. 22.02
Dec. . • «• 24.24
Jan. m .. 24.72
High
21.02
22-20
26.22
22.10
24.20
Previous
Low Close Cloee
20.20 10.22
2242
26.22
22.76
26.02
24.71
24.70
ft"
22
21.17
29.10
26.20
24.92
24.12
DAILY OOTTON TABLE.
Port
Movement*—
New Orleane
Galveston •.
Mobile
Savannah. ..
Charleston .«
Wilmington «
Texas City ..
Norfolk .. M
Baltimore ••
Boston ...
Philadelphia
New York ...
Minor ports .
IMld-i Re- Ex- jSaiesJ Stock
I’iing fc’pts [ports [ 1
10.70
31.00
30.00
20.41
20.63
32.35
32.60
22.26
6173,
2464
6
1100
31
67
412
616
429
, 16
2293
622
1124
291
2103
122
124632
72216
4370
26376
J13821
11622
19
25092
2027
2909
8739
26212
2226
Total today, receipts 11,064; exports, 4,
706; sales 2,666; stock 367,892. ,
Total for week, receipts 60,962; exports.
66.021.
Total for season, receipts 6,221,666; ex
ports 5,139,167.
Interior
.Movements—
jMid-J Re
Houston ..
Memphis ,,
Augusta ..
St. Louis ..
Atlanta .. w
Little Rock
Dallas .. .
Montgomery
.. 130.301
21.00
30.38
31.00
80.45
30.60
80.16
29.88
ling | c'pts lm Dtsj
494j
jshlp-1 Salesl Stock
iImntsl
646
301
1642
886| 4696
879
296
1797
1100
97
62181
60872
19930
6868
2321
Total today, receipts 2,927; shipments,
2,367; sales 1.876; stock 166,342.
*“ MONTGOMERY SPOT COTTON.
Middling fair.. 21.60
Strict good middling.... 31.26
Good middling... 31.00
Strict middling.... ..•••••....• 30.63
Middling. 29.88
Strict low middling.... .. 28.88
how middling. 27.88
Strict good ordinary... 26.62
Good ordinary . 26 88
Sales, none.
1
IJVEUI’OUJv UUriON MARKET.
LIVERPOOL, May 23.—Colton spots dull;
prices easier.
Good middling. 18.46
Fully middling. 18.01
Middling... 17.46
Low middling.... 16.61
Good ordinary.... .... . 16.61
Ordinary . ]|ll
Sales 6,000 bales, including 8,000 Ameri
can. Receipts 1,000 bales. Including 700
American.
Futures closed steady:
May. .»• . 17.44
July... 16.84’
October........ .... .. ,,.. 16.08
December ...... . 14.69
January . 14.48
March. 14.14
TRIPLE HOLIDAYS AT LIVERPOOL.
* LIVERPOOL. May 23.—The cotton ex
change here will be closed Jugs 9, 10. and
11, Whitsuntide holidays.
WEEKLY COTTON STATEMENT
LIVERPOOL. May 23.—Total forwaded to
mills 64,000 bales, American 30,000.
Stock 632,000 bales. American 260,000.
Imports 46.000, American 28.000.
Exports 7.000; American 6.000.
SEA ISLAND COTTON.
SAVANNAH. UA.. May 23—Sea Islands:
Market nominal; extra choice 3203644;
sale# none; receipts none; shipments 167;
Stock 168; crop in sight 2,600.
KAHN K VIRGIN COTTON LETTER.
iOver Fenner St Beane’s private wire.)
NEW ORLEANS. LA., Msy 23.—The pro
fessional element sold at the start on ab
sence of rains and warmer temperature*# In
the Weat. Comparatively large tenders in
New York and talk of large last minute
tendere here probably Influenced much of
the selling.
Reports of low estimates were disregarded
Until the weather bureau issued a forecast
of more unsettled weather In nearly all sec
tions followed by colder in the west. The
public then came into the market as a good
buyer, tsklng everything offered. Large
spmnera takings stimulated some of the
buying.
One private bureai| estimated the condi
tion at 66.6 and another at 67 which indi
cated yield of 11,276,000.
Ths feature of the takings was ths con
tinued large amount, taken by foreign mills.
They took 110.000 va. 69,000 last year
Probability of low condition estimates and
prospects of more uniavorable weather
gaaks the buying side look best.
FOREIGN EXCHANGE.
NEW YORK, May 23.— Foreign exchanges
steady, quotations in cents: Great Britain
demand 4.34 3*16; cables 4.34 7*16; 40-day
bills on banks 4.31 16-16.
Francs demand 6.37 44; cables 6.38 Vi.
Italy 4.41 *4 94.41 % ; Belgium 4.61$4.6t;
Germany (per trillion) .2844; Holland 37.32;
Norway 13 90; Sweden 16.61; Denmark
16.64, Swltxerland 17-6844; Spain 13 73,
Greece 1 93; Poland .0v0012; Csecho-glo
vak'.a 2 98; Jugoslavia 123 44; Austria
.6014 44; Rumania .4 7 44 ; Argentina 32 67;
Brasil 10.70; Toklo 46 84; Montreal 98 7-U.
f'
vT I-:,.:- ‘
N. I. CUKor
'ihVJA
IT
NEW YORK, Mar at.—Rolls
nrlat N
•fflclal IM of transaction* on th* Now
si tha
Low Closs
iiii
'iii
•IM
•I
MM ....
II •*.»
-hi 2%
14 14%
York Curb Exchange, giving all stocks and
bonds traded In.
NOTE—Whtn only high Is quoted. that
also stands for low and close; when low Is
ike last quotation It stands for closet
Industrial.
•alts High
10 Am Light A Tr.. .122 VO
10 Armour Co 111 pfd. 71
100 Bklyn Shoo, Inc .. 10
0 Borden’s Cons Milk. 122%
4S00 Qandy Prod . 1 ft
10 Celluloid Co pfd.... 106%
•00 Checker Cab Mfg.. 23%
§0 Comercl Pow Corp 71
100 Davies. Wm A .... 12
125 Del LAW Coal.. 04
•Ob Doehler Die Casting 18%
4100 Dubliler C A R .... 14
200 Dunhill Internatl ..23%
1300 Du Pont Motor ... 2%
100 Durant Motors .... 14%
10 ESI Bond A Share pfd 00
JO Ford Motor Canada.425
1000 Glen Alden Coal ..00%
400 Hakelttne Corp .... 18%
200 Hudson Co pfd .... 20%
1400 HudsonAManhattan. 15%
200 James Inc . •
100 Kress* Dept Stores.
200 Lehigh Coal Sales..
100 Lehigh Power Sec ..
2800 Leh Val Coal w I..
100 Mesabl Don
80 Natl Tea Co
120 do. w 1 102% 162%
250 New Jersey Zinc.. 14
50 N Y Tel pfd .100%
. 700 Radio Corp . 1% 2%
500 do. pfd . 4%
2200 Rocky Mt 8 A R 1 1-18 1 11-18
1000 do, pfd.12-14
2000 South Coal 4 Iron. 7c
10 Swift A Co ......101%
100 Tob PTod Exp .... 4%
25 Todd Shipyards .... 42%
1200 Tompson Radio ctfs 12%
500 Union Carbide ..V. 50%
200 United Shoe Mch .. 26
200 U S Light A Heat 76e
200 Ward Bak Corp B.. 16%
12%
40%
78
60
20%
• 2%
.400
•2% ....
18% ....
20 2»%
16% 16%
13 ....
80
200
tio
26c
20%
400
168
6%
7c
67% 62
76o
<4
Bunoars uua
*0# Ando Am Oil _14% 14%
100 Atlantic Lobui .... 4% ...i
40 Buckeye Pipe Lina . *4 (1%
100 Chesbrucb Mfg new 40 ..
400 Humble,Oil ....... *4 17% _
144 Imp Oil, Canada ..103% 102% 103%
1200 Internet Pete .11% II 11%
100 Ohio Oil.(1% .
470 Prairie Oil A Oaa.220% 130 _
/ 216 Prairie Pipe Line .103 .... ....
* 120 Solar Ref ..'.104 102 ....
10 Southern Pipe Line. 04 - .... ....
40 South Penn OH _143 .
13000 Standard OH of lnd 44% 47% 47%
100 do, of Kanaaa .. 40% .
do, of Ken .104 107 107%
do. of Neb .341 330 _
do. of N T . 30% 34% 34%
do, of Ohio. ./....214 303
1400
110
1400
30 __
300 Vacuum OH 43%
Independent Oils. ^
41%
30 Cities Service .133
4%
4%
4
6o
40
4o
100 do. "B" pfd .
4100 Creole Syndicate
100 Derby Oil .
1000 Kndneere Pete ,
400 Oulf Oil .
1000 Hudson OH ....
3400 Dago Pet . *„
30 Mexico OH .....i... 12c
3400 Mountain Prod .... 10%
1300 New Bradford-.... 4%
100 N M & Aria Is Co.. 4%
1000 Penn Beaver .40c
300 Red Banks Oil, new 33%
11400 Royal Canadian ... j4%
1400 Salt Creek Prod ..25%
3100 Cons . 3 3
4% 4%
13%
4
lOo
10%
4%
33%
4%
4%
22
24
4%
23%
13%
71e
36o ltd
14% 14%
4o
4c
20o 26o
>3-11 1%
llo lOo
30s 30s
1 11
1% 11-1
4le 44s
47
04%
00%
04 <
3 Sapulpat Ref .a 1-13* j* •
1700 Seaboard Oil A das 45c 50o
4000 Sunfltar OI1 .24
1 Superior OH A .... 300
l do, B .350
.3100 Wilcox Oil . 4%
3100 Woodley Pet .12%
1000 Am Comnd M*i'll!. l0
3000 Black Oak .72o
600 Canario . 214
'55® Central Am Mines, r
H0O Cortes BUlver ...... 380
100 Creason Gold ..3 718
8000 D’fleld Black Butts 8c
200 Engineers Gold Min 16 85
2000 Florence Goldfield . 15
Hard 8hell Mining, lc
Harmlll Dlvlds Min. 80
100 Hecla Min. 885
.UJ® Holllnger Gold Mina 12*
10000 Xndep Lead Mine*.. 8c
100 Jerome Verde Dlv.. 1
15000 Jib Coni.25o
JJJ® Copper s4e.es 1*
6000 Lone Star. lo
8000 Lorraln Cons Min.. 18
1000 McKnly-Darg-Savg. 10
1000 Mohican Coppsr .. 27o
2000 National Tin ...... 80
11000 Ohio Copper ...... t2o
*®I £*y»aouth Lead ... llo
5000 Red Warrior . |0o
28000 Silver Horn ....... lo
2800 South Am PAG.. 885
6000 Spearhead . Sc 4o*
100 Tech Hughes ...... 1U ..
Tonopah Extension .1% 2 l-i|
J JJ® Midway . to lo
Tfl-Bum SmltADov 80 ....
Hi United Eastern ... 8lo
600 Unity Gold . jia
1300 Wenden Cop Min ..16-18
2008 West End Cons ... 60o
8000 West End Kxt .... 30o ....
Total sales of stocks 236.600 sharss.
ulM Brads.
a . DOW CIO.
* Allied Packer 6s .... 55 .
2 do, 8s .67*
1 Aluminum 7s, ’33 ...107
26 Am Gas A El 6s ... 9/%.
7 Am Rolling Mills 6s. W*
2 Anaconda Copper 6s.. 10185
1 Anglo Am Oil 7 *■..., 102*
* Sira Hdw «Hs. 80*
29 Atl. Gulf & W I 6s.. 62
1 Beaver Board 8s ... 74 85
17 Beth Steel 7s, '35.... 103 .
13 Beth Steel 6a A .... 96 ....
4 Cana<in Nat Ry eq 7».109* 1088s ..
1 do. 6s . 100 8%
10 Citlee service 7e "B-.121* I III .1
1 do, "D” . 9184 »,,,
4 Col tfraph 4. prtlc ctf 15 ...'I .1
1 Con Ou Belt 5%. .. 43% .
* do. •» .103% .
i„do- .107 104% 107
3 Con Textile 8. . 71 -30 71
4 Con Paper&Bag 4%e.. 32% 33 32
4 Detroit City tie. «....101% 141 101
1 Detroit Edison 4. ...103% .
7 Dunlap Tire A K 7e. 33 43% 43
11 Duqueene Lt 5%s w 1.100% 100% 100
2 Federal Sugar 6a, '23 38% 33% ..
2 Fisher Body *e, '27 ..100% ..
10.1?: “?*1##
1 Ueneral Pet 4e . 37 .... .1
4 Oulf 011 5%. of '27.-100% .
2 Hood Rubber 7e ....101% .
4 Internetl Match 4%a 34% 34%
12 Kennecott Copper 7e.l05% 105
4 Leh Val Harb 5. ... 33% 33%
3 Lib, McNeillALIb 7a.. 93
1 Liggett-Winchester 7a. 104%
7 Morris A Co 7%s ..34%
13 National Leather 3a.. 33%
10 North States Pow 4%s 39%
lo Nor States Pow 6%e. 97%
4 Ohio Power 5a "B’*. 88
3 Park A Tllford 4a .. 94
1 Phil j-Jl 4a .105% .... "
7 do, 6%a, '63 .101% .
2 Phillip. Pot 7%a w w.102 .
60 Hi Ser Corp of N J 7a.106% 146% 10(
16 Pure Oil 6%s . 94
5 SIobs Sheffield 6s .... 99%
1 South Cal Edison 4a.. 91
4 St OH N .Y 7s, '.7. .105%
1 do. '38 .106
'31 . 107%
*%• .1-106%
- A Co 5s.90
3 Tidal oaaga 7a .103%
25 Ub El L A P 4%e... 95%
1 Un OH Cal 6s '26 ,.100%
14 Vacuum 011 7a .107
26 Webster Mills 6%e...ioi% 101
Furelgn Bonus.
39 Comp Asucar Sug 7%s 97%
3 Russian 6%s ctfa N C. 12%
27 Swiss 6%a . 99%
100 do, 4a . 99%
1 Solvay A Co la. 99
Total sales of bonda 3614,090.
40% ...
41% 41
.4.
44
44%
11%
*7% 41
44%
2 do,
16 do.
13 Swift
19%
35%
106% 10
37%
33%
33%
BONO REVIEW.
NEW YORK, May 28.—-Total bond galea
fl2.8U.000.
A vent get*— Friday Thursday
Ten first grade rails .... 88.08 88.08
Ten secondary rails .... 86.38 86.11
Ten public utilities . 87.88 87.68
Ten industrials .,.93.68 93.67
Combined . 88.89 88.86
Combined month ago _ 87.93 —_
Combined year ago . 87.66 • — —
Under the leadership of United States
government obligations, bond prices pressed
steadily forward In today's active trading.
Several liberty issues reached the highest
levels of the year and numerous specula*
live railroad liens were marked up briskly
as buying orders overflowed from the high
grade list. Heaviness of local traction
bonds, however, cut down gains In the
public utility group.
The chief contribution to the Improve
ment In trading sentiment today was the
scramble for the $26,000,000 equipment trust
notes of the New York Central which were
offered on a 6 per cent yield. It was re
ported that f20,000,000 of these bonds were
placed privately. Because of the small
allotments on the remainder, disappointed
subscribers Immediately placed a premium
on the certificates in the open market
where they changed hands on a “when
lsued" basis. The five per cent Issue was
said to establish a new high pries for equip
ment trusts this year.
Reports of favorable progress in leeks
negotiations with the Pennsylvania Rail
road carried the Norfolk and Western con
vertible sixes up three points, the bonds
keeping pare with the rise in the stock.
Other strong spots iu the rail group were
New Orleans, Texas and Mexico fives Now
York Central 3»*s. Southern Pacific 4s. the
West Shore. Frisco and New Haven Issues.
Broadening interest, v*aa shown today In
high grade foreign government bonds,
Sweden sixes and Japanese 6 Us scoring
substantial gains.
•__'
CHICAGO BI'TTKR AND BOOS.
CHICAGO, Mmy 23—Butter lower; cream
ery extra. 33; .taml.nl, 37; extra first.
flral. 3*'A«3St*; eeconde MO
K«(* eacbancAk receipts *»,«» ca.ee
MdDimey
AT WORK
Brttl tat iBtntut Lwwm la VU
■aac*. Marital Staaka. Baata sari
laTMtatata,
ifsafeWis '
THE FIRST
CONSIDERATION
IN BANKING
YOUR: MONEYS
YOU CAN
USE A-POSTAL SAVINGS
BANK
The safest bank la the Halted Statea
la <te Postal Savings baak.
This might be the motto of the
United States Postal Savings Deposi
tory, or the "Post Office bank" as It
Is popularly termed. The United States
was practically the last to add the
savings system to Its postal facilities.
It was established by "Act of Congress
approved June 25, 1210,” and the fact
explicitly guarantees the return of ev
ery deposit on demand. The credit of
the government is behind these depos
its.
When the great war was at Its.height
and the property of enemy subjects
was being attached on every side, thou
sands of people withdrew their de
posits from the Postal Savings banks.
But they soon found that a United
Statea promise once made was In
violable, even In time of war, and the
depositors came flocking back bring
ing with them hundreds of their flrends
as new depositors.
j DAILY STATISTICS [
COMMISSIONS ISSUED.
Will H. Owen, ef Baker Hill, Bar
bour county, has been commissioned
as jury commissioner for that coun
ty for the term ending, January, 1925
John H. Tomlinson has been commis
sioned as notary public and ex-offlcio
justice of the peace of precinct 5,
Chambers county.
In addition tj> the above the follow
ing notaries have been commissioned
by Secretary of State S. H. Blan.
Gilbert E. Davis, Birmingham, Jef
ferson county. »
Miss Mary A. Harrison, Montgom
ery, Montgomery county.
C. W. Wheeler, Ensley, Jefferson
county.
H. T. Cowles, Davlston, Tallapoosa
county.
John W. Stewart. Jr„ Athens, Lime
stone county.
Miss Era Wynne, Athens, Limestone
coifnty. .
Frank L. West, Macon county, Mus
kogee.
REALTY Tlfilllimi
The following property transfers
were filed for record Friday In Mont
gomery probate court: <
Mrs. Mamie D. Jones to R. F. Hud
son, the east 51 1-1 feet of lot It In
thS'South half of block 14 of CloveTdale
H- L Fllnn to Henrietta Thompson
a lot 61 by 159.1 feet on the east side
of south McDonough street, 251 feet
south of the north line of lot 1, square
1, Burtonville, 5100.
Gibson Reynolds to Robert Ellla lot
21 In block 3 of Westcottsvllle, 5100.
Ralph Russell to F. S. Lasseter, let
1 of the Bell subdivision of lot 17 In
block "A" of the Goode tract 55.
F. S. Lasseter to P. E. Crump, lot
17 of the Bell subdivision of lot 17
In Block "A" of the Goode tract 5100.
J. A; Saunders to B. J. Baldwin
lots 50 and 31 of Cloverdale 51,150.
J. P. Williamson to W. U. Rudder,
lot 2 In block 5 of the Uplands, 5250.
Mrs. Mamie D. Jones to Rebecca
H. Loeb, lots 14, 15, 16 and 17 In block
“B” of plat book 6, page 7, 5100.
Mrs. Mamie D. Jones to Anneta S.
Loeb. lots 6, 7 and 8 on block "B”,
plat book, page 7, 5100.
< HESTER'S STATEMENT ,
v---;
Comparisons srs to actual dates, not to
close of corresponding weeks.
In thous
ands bales
In stfht for week . 93
same seven dajfc last year .1.... 86
same seven days year before .... 146
for the month ... 293
same date last year .. ' 271
same date year before .* 426
for season...... 10,639
same date last year .. 10,611
9,906
6.526
same date year before
Port receipts for season
same date last year .,. 6,668
same date year before last .... 6,703
Overland to mills and Canada for
season....
same date last year .
same date year before .
Southern mill takings for season..
same date year before ..
Interior stocks In excess of Aug. 1st
last year..
year before—decrease .
Foreign exports for week.
same seven days late year .
same seven days year before ....
for season.
same date last year ............
same date year before .....
Northern spinners' takings and /
Canada for week .
same seven days last year
666
1,190
1,468
S.120
*.077
99
61
142
66
36
105
6.130
4.20*
6,10*
for season ... 1,595
*,346
to same date last year . . .
Statement of spinners* takings of Am'eVl
can cotton throughout the world:
This week. 176
Same seven days last year .. 147
Same seven days year before ...... 193
Total since August 1st . 9,978
Same date last year . 10.988
Same date year before . 10,970
Statement of worlds visible supply:
Total visible this week . 3.082
last week...
same date last year .
game date year before .
Of this the total American this week
last weke..
last year.
year before.......
All other kinds this week ..
last week
3.226
2.992
4,913
1.499
1,682
1.434
2.843
1.684
1,644
last year.. . 1.55*
year before.
Visible In United States this week
this date laet year.
Visible In other countries this week
this date last year .
1,970
698
763
*.385
2.229
| MARKETS AT A GLANCE
v
[ NEW YORK, May 23.—Stocks Irregular,
public utilities respond tq good earnings.
Bonds steady; two liberty issues at new
highs.
Foreign exchange Irregular; French francs
steadier.
Cotton steady, larga May aotlces offset by
I bullish visible supply figures.
I Sugar weak, increased crop estimates.
| Coffee easy, lower Brasilian markets
CHICAGO, May 23.-—Wheat firm; frees
ing temperatures In Canada.
Corn steady; sympathy with wheat.
I Cattle weak; demand limited.
| Hogs steady to lower; liberal receipts.
COTTONSEED OIL.
j NEW YORiC May 23.—Cotton seed oil
I Was weak today with ail deliveries In new
| low ground for the eeason. Local selling
on the heaviness In lard and greases and
mnttavuetl liquidation by outside longs
reused the break. Final bids were 13 to
19 points net lower. Sales 28.500 barrels.
Tenders 100 barrels. Prime crude 7.87t*.
nominal; prime summer spot yellow 9.25Q
9.76; May closed 9 28; July 9.47; Septem
ber 6.67; October 9.2*.
I
Stocks Move to
Higher Prices in
Quiet Market
NIW YORK, Ibjr 2l.-»-Total stock solos
528,100 shares.
Date— SO Industrials SO railroads
Friday .... 01.99 01.10
Thursday . 02.00 12.03
Week ago . 01.01 11.38
High, 1024 101.24 00.32
Low, 1024 . 90.27 8L00
Stock prices moved Irregularly higher In
today's quiet session, which was featured
by the steady Investment demand for high
grade rails and public utilities. Trading
was somewhat restricted by the uncertainty
regarding the ultimate disposition of the
tax bill, total sales running only igltghtly
more than half a million shares.
8hort selling was conducted with a fair
degree of success In the sugar and steel
shares. Angara reacted In sympathy with
the decline In raw and refined prices which
established new low records for the year
on Increased crop estimates. Steels lost
ground on reports of a further reduction
In output and the pessimistic Interpreta
tion placed upon the remarks of Chairman
Gary of the U. £L_ Steel corporation at the
semi-annual meeting of the American Iron
and Steel Institute.
U. 8. Steel common closed k lower »t
97*4, Independent steels, some of which
were heavy, earlier In the day, closed prac
tically unchanged as a result of a lats
short covering mopement which was based
on the prediction of several steel officials
that the industry was “dragging bottom.'*
Losses of 1 to nearly 2 points were re
corded by American Sugar Refining, Cuba
Cane pfd and Punta Alegre.'
Investment buying of high grade stocks
was Inspired In part by the continued eaae
of money rates, the combined federal re
serve ratio touching 83.76, the highest since
the close of the war. Call money again
held at 8 per cent all day but demand funds
were obtainable In the “outside market'*
in substantial sums as low as 2k per cent.
The time money market continued dull with
loans up to four months reported at four
per cent. Bids of 3% per cent were raade<
for the shorter maturities but lenders ap
peared to be unwilling to reduce the asking
rate. The bulk of prices of commercial
paper continued to move at 4t4 with some
exceptional names offered as low as 4 per
cent.
x*uriom ana weiiorn wa» in* uuisuuiu
ing strong; spot in ths rail group, climbing
more than four points to 124%, %nd then
slipping back to 123% on reports of the
favorable progress belrf. made toward
leasing of that road to the Pennsylvania.
Moderate strength developed in Delaware
and Hudson, New York Central and Frisco
pfd, all of which sold a point or sor higher.
Pullman also developed moderate strength,
closing 1% points higher at 120.
Reports that the Pan-American company
was planning to enter the retail business
In California brought fresh buying Into
these shares, which closed more than a
point higher. A sudden burst of activity In
Independent Oil, which also closed more
than a point higher, followed publication of
the report that the company had brought In
& 2,000 barrel well, and was drilling oth
ers. Some of the minor oils lost ground on
reports of a reduction in gasoline prices In
Chicago.
Good support agafn was accorded the
rubber shares, U. S. Rubber common and
first pfd, Ajax and Fisk rloslnf more than
a point higher while several others In that
group improved fractionally. Some of the
other outstanding strong spots were Can
goleum. Loose Wiles Biscuit, Virginia Iron,
Coal and Coke, and International Business
Machines, all of which closed at net gains
of 1% points or more.
Foreign exchanges held fairly steady fn
qulot trading. Demand stetllng was quls^
just above 64.84 and French francs, ruled
around 6% cents.
II
10$
187$
4Mt
18
I*
*1*
>*
48
II*
I*
II*
iiii
it
18*
NEW YORK STOCK LIST.
NOTE—When only high la quoted that
also stands for low and close; when low It
the last quotation. It stands for close.
Sales la 100’s High Low Close
24 Ajax Rubber ...J| 6% 5% «%
16 Allied Chem A Bib 72% 71% 72%
1 Am Agrl Chem .... 8 ..
2 Am Bosch Magneto. 24 23% 24
• 2 American Can -103% 102% 102%
12 Am Inter Corp .... 20% 20% 20%
16 Am Loco .72% 72% 72%
1 Am Safety Raxor .. 6 ..
9 Am Smelt A Ref ..62% 61% 61%
19 Am Sugar Ref .... 43% 42% 42%
116 Am Tel A Tel ....126% 126 125%
28 Am Woolen.<6% 64% 66%
6 Am Zlno 9 .
•29 Am Tel&Tel rts..t% 16-16 S 7-l«
Anaconda Copper .29% 29 29%
4 Asso Drygoods ...• 88% >7%
4 Associated OH ...... SO 29%
17 Atch Top * San Fe.103% 102%
5 Atlanta, Blrm * Atl 1% ...
2 Atlantic Coast Lins..121% 121
7 Atl Gulf A W I .... 15 14%
128 Baldwin Loco.. 107
16 Baltimore A Ohio .. 64% 62%
19 Barnsdall, A .17 14
2 Beechnut Packing .47 ....
28 Bethlehem Steel
5 Bklyn-Manh J'rsns.
•7 Bklyn Edison rites.
9 Calif Pets ...
1 Callahan Zlno-Lead.
2 Canadian Pacific ..149% 149%
4 Cerro de Pasco Cop. 44% 44%
10 Chandler Motor .... 45%
60 Chesapeake A Ohio 79%
2 Chi & Alton pfd.. 8%
4 Chi Mil A St Paul. 14%
16 do, pfd . 25%
2 Chi & N’western .. 53%
5 Chi Rock 1 A Pao 25%
23 Chile Copper .27%
3 Chino Copper.. 15%
14 Coca-Cola .66%
6 Columbia Gas A El 37%
65 Congoleum Co .... 38%
89 Consolidated Gas . 65
8 Consolidated Textile 2%
12 Continental Can ... 47%
5 Continental Motors • 6%,
31 Corn Products .26%
47 Cosden Oil . 30
34 Crucible Steel .61%
15 Cuban Am Sugar .. 30%
3 Cuba Cans Sugar.. 12%
41 do, pfd . 67%
1 Cuyamel Fruits ... 62%
70 Davison Chemical .. 47%
7 Del Lack A West..118% 117% 118%
2 Detroit Edison rites % ..
2 Dome Mines .18 16% ....
26 Du Pont de Nem..ll7% 116% 117%
1 Eastman Kodak. ..107% .
1 Electric 8%or Bat.. 54% .
12 Erie .25
8 Erie 1st pfd .22%
7 Fam Players-Laskey 72%
10 Fifth Ave Bus .... 11
13 Fisk Rubber . 7%
1 Fleischmann Co ... 49%
4 Freeport Texas .... 9
3 General Pete .40%
44%
77%
45 .
71*
1»*
25
63*
25*
27*
14*
25*
63*
25*
27*
65*
36*
36*
64*
16*
17*
64*
47*
«*
36*
28 *
60
28*
12*
55*
47*
15*
28*
61
12*
66*
46* 47*
24*
22*
71*
26
32*
72*
6* 7*
16*
20*
68
10 General Asphalt
17 General Electric
89 General Motors
4 Goodrich.
7 Great Norn pfd
23 do. Ore ctfs.26%
14 Gulf States Steel .. 66%
3 Hartman Corp ..... 85%
2 Hayes Wheel .. 34%
7 Houston Oil .65%
8 Hudson Motor ..... 23%
2 Hupp Motors .* 12
2 Hydraulic Steel ... %
1 Illinois Central ....102%
6 Inspiration Copper . 23%
2 Internat Cement
3 Inter Combus Eng
1 Inter Harvester ... __
15 Inter Merc Mar pfd 24
6 Inter Nickel .11%
9 Inter Paper .38%
20 Invincible Oil .13%
2 Iron Products .44
1 Jones Bros Tea._21
26%
«%
40
36%
.217% 216% 217%
12% 13% 13%
18 ....
*z%
26
64%
26%
66%
65%
23
11%
66%
12
43
22%
85%
23
42%
22%
23%
43
33%
11%
33
12%
43%
21%
13
44
6
2
8
26
l
23
3
4
3
10
3
6
60
3
1
63
7
2
10
3
6
3
1
16
13
7
3
12
7
84
47
218
10
3
1
66
91
237
1
5
11
4
113
97
4
3
7
9
3
60
19
8
k *
* 10
9
y 2b
1
l
1
6
Jordan Motors 24%
Kaa City Sou .... 19%
Kelly Springfield .. 14%
Kennecott Copper ..38%
Keystone Tire .... 1 %
Lehigh Valley .... 41%
Lima Loco .67 %
Loews Inc . 16%
L & N . 93%
Mack Truck .81%
23
26 %
10%
85
20%
3%
74%
11
Malllnson ....
Maracaibo Oil ....
Marland Oil . 33%
Maxwell Motor, A.. 41%
Maxwell Motor, B
May Dept Stores
Mexican Seaboard
Middle States Oil
Midland Steel pfd
Mo Kans & Tex .. n
Mo Pacific . 13
do, pfd . 41%
Montgomery Ward . 23
Moon Motors .19%
Mother Lode. 7%
National Biscuit .. 53%
Nat Knam & Stamp 21%
National Lead .129%
Nevada Cons Cop .. 13
N O. Tex A Mex..118
N Y Central .....102%
N Y N H & Hart.. 19%
Norfolk & Western. 124%
North American ... 24%
Northern Pacific .. 62%
Otis Steel . 7%
Owens Bottl# .42%
Pacific Oil . 49%
Pan-Am Pets ..... 61
do, B . 48%
Park A ^Iford _ 26%
Pennsylvania .. ..43%
Penn Seaboard Steel 2
Pero Marquette ... 49%
Philadelphia Co .. 43%
PhilaARdg C&I w 1 49
Phillpji* Pete . 36%
Pierce Arrow . 7%
Pierce Oil . 1%
Pittsburgh a W Vs 43%
Prod a Kef . 26%
Public Ser'N J .... 43%
I'ullinan Co .122
Punta Alegra Sugar 53%
Pure Oil .22%
Ray Consolidated ... 9%
Heading .6,{
Replngl* Steel .... 8
Republic 1 A Steel. 45%
Reynolds Spring .. 12
Reynolds Tob . «7%
St Lnula a San Fran 21
Sl L Southwestern 36%
Seaboard Air L pfd. 21%
24% ....
19% 19%
13% 14%
58 % 38%
40% 41%
ic%
80 % 81* *
28% !!!!
32% 32%
19%
3%
20%
3%
10%
10%
32%
40% 41%
22% 23
*7 ' *7%
63 _
20% 21%
129 _
117% 118' ’
101% 102%
19 19%
120 123%
24% 24%
62 52%
4 8 % 4 8%
49 60%
47% 48%
1 % ....
48% ....
43% 43%
47% 48%
36% 36%
7% 7%
43
25%
43%
119
62
2 - %
9%
62%
53
44% 45
11% ...
20%
NEW YORK BONDS r
NEW YORK. K>r 33.—Following are to
day's high, low and closing prices of bond*
on the Now York Stock Exchange, and the
total saloa of oach bond: \
NOTE—When only high to Quoted, that
alao atanda for low and cloaa; whon low to
tho laat quotation. It atanda for close.
«J. U. boado la della re and thirty aocoada
of dollaro.)
liberty Beads.
Salao In l.MSa High low Close
7 liberty 1%S .»».31 tt.t* ....
1 do. Id 4a...100.6 .
It do, 1st 414a ....100.20 100.17 100.11
1417 do, 2d 4Ha ....100.14 100.10 100.12
172 do. Id 4140 ....101,4 fOl 101.2
1013 do, 4th 414a ....101 100.27 100.10
111 U S Govt 414s _101.17 103.14 103.1f
Foreign.
7 AnJurMarg Works Is 7714 70% _
43 Argentina Govt 7s ...101% 101% 101%
317 do. 6a . 10% 11% 10%
13 Austrian Govt gtd 7a 0014
2 Bordeaux 6a . 62%
6 Copenhagen !%s .... 10%
7 Oreater Prague 7%s.. 14%
16 Lyons 6a .A. 63%
3 Marseilles la . 12%
67 Czechoslov Rapub la. 16%
13 Dept of Seine 7a .... II
17 Canada t%% n, '21..101% 101%
173 do,- 6s. '63 .10014 100% 100%
6 Dutch E I 6a, *03... 13% 63% ....
16 do. 5%s, '61 . •« 16% ....
66 French Republio la ..100 16% 100
63 do, 7%s .. 61% 66% 60
171 Japanese 6%s .61 .60% 61
2 do. 1st 4%a .17% .
14 do. 4s .. 76 71% 71
4 Belgium la .102% 102 102%
13%
60%
64%
•2%
12%
• 2%
60%
12%
12%
11%
103% 102%
16
.100%
. 11%
64
14% II
II
11%
• 3% 13%
103% 104
71%
16%
76
16%
27 do, 7%a
6 Denmark 6a ....
1 Italy 6%s .1...
7 Netherlanda 6s .
3 Norway 6a, '43
1082Serba. Croats, Slov la 13%
7 Sweden 6s ....104
1 Oriental Dev deb 6a. 84%
42 Parls-Lyons-Med 6a.. 76
18 Bolivia Is . 86%
1 Chile 8a, '41 .106%
2 do. 7s . 86%
86 Colombia l%s .16
142 Cuba 6%s . 64%
7 El Salvador, a f la..101
13 Finland 6a .88
1 Haiti 6a., A '61 _83%
11 Queensland 6a .100
2 Rio Grande do Sul la 16%
1 San Paulo a f 8s_100% 100% 100%
20 Swiss Confed 8s ....113% 111 ....
6 G B A 1 6%s. *21..108% .
37 do. '37 ..*...101% 101% ....
38 Brasil 8s . 81 86% l|
12 Braall-Cent Ry El 7a. 11% II 11%
16% 16
81% 14%
100% 101
11% 18
18% 106
II Am Agrl Ch«m 7Ha. SI
8 Am Chain a ( dab Is. 12%
15 Am Smelting Si .104%
19 do, Ss . 98 *4
13 Am Sugar Ss .101
88 Am TelATel 6Ha,rota. 101%
9 do, col tr Sa .99%
88 do, col 4a . 95%
7 Am Water WksAEl 6a 87%
14 Anaconda Cop 7a, 'SS. 95%
48 do. 6a. '63 95%
4 ArmorACo ot Del 6Ha 86%
46 Aaaoclated 011 6a ... 99%
19 At TASan Fe gen 4a 88%
24 do, adj 4a atpd ... 82
1 A C L DAN col tr 4a 84%
4 Atlantic Ret deb 6l.. 97%
3 Baltimore A Ohio la. 102
96 do, cv 4 %a .89
61 do, gold 4a . 86
72 Bel T of Fa IstArfg 6a 99%
8 B Steel con 6a, Ser A 96%
1 Beth Steel l.%a . 88
17 Brier Hill Steel 6%a. 95%
1 BKln Edl gen 7c ,D.10S%
66 Bkln-Manft Tran a t 6a 76%
19 Calif Pet 6%a .97%
11 Canadn Nor deb 6%a.ll2%
32 Canadian Pao deb 4a.. 80%
10 Car, Cinch & Ohio 6a 98%
9 Central of Oeorgla 6a.101%
12 Central Leather 6a .. 97%
20 Central Pacific gtd 4a 87
78 ChesapeakAOhlo cv 6a 95%
106 do, cv 4 %a .93%
10 Chi ft Alton 8%s.... 35
7 Chi EAQ ref 5a A. 99%
29 Chi & Eaat 111 6a.. 73%
1 Chi Ot IVeatern 4a.. 62%
18 Cht MllASt P cv 4%a 60%
7 do, rfg 4 %a .64%
64 do, 4a, '25 . 83
23 Chi A N'weatn rfg 6a 94
2 Chicago Railways 5a . 74%
126 Chi R 1 & P ref 4a. 79%
3 Chi A Westrn Ind 4a 76%
35 Chile Copper 6a .101
77 C C CASt L ref 6a A.103%
7 Colo A Sou ref 4%a.. 87%
7 Colum GaeAEI 6a atpd 99
86 Com'wealth Fow 6a.. 91%
16 Cona Coal of Md 6s.. 89
2 Consumers Power 6a.. 88%
21 Cuba C Bug deb 8a atpd 91
17 Cuban Am Sugar 8a. 108%
. 1 Dela A Hudson rat 4s 17%
15 Den A Rio Q oon 4a.. 71%
9 Detroit Edison ref 6s.106%
28 Detroit Uni Rya 4%a.. 90%
10 DuPont de Nem 7%a.l08%
41 Duquesne Light 6a...105%
4 Eaatrn Cuba Sug 7%s.l04
r% si
• 2% 92%
io4% ....
98% -
100% 100%
101% 101%
99% 99%
16% 95%
96% ....
95 96%
86% -
81% 88%
81% 82
97% 97%
98% 19
86% 85%
99% 99%
96 ....
95% 95%
76
97% 97%
112% 112%
,80% 80%
97% 97%
95
98
96%
93%
73% 73%
64% 64%
81% 82
93% 94
74% ....
79% 79%
100% 101
103 103%
87% ....
•1 91%
89 88%
88% ....
98% ....
107% 108%
70% 71%
% 106%
106
10 Empire GasAFuel 7%a 89%
‘ >.66%
2 Erie pr lien 4a.
14 do. 4a .66
10 Flalc Rubber 8a .98%
14 General El deb 6a.. 102
5 Goodrich 6%a 96%
172 Goodyear Tire 8a, '11.103%
106
104% 106
103% 104
*• 89%
65% 89
io?5 loo;
96 96%
103% 103%
| LIVESTOCK
v._
.. *ST. ions LIVE STOCK.
EAST ST. LOUIS. May 23—Hog«, raoalpta
16,000; alow; butcher hogs weak to t cents
S lower; aome light lights and pigs 25 cants
lower; bulk good and choice butchers 180
pounds and up 87.35^7.40; good 100 to 130
pound pigs $5.75®6.60; packer sows large
ly $6.35.
Cattle, receipts 1,200; generally steady;
light yearlings and heifers scarce and alow;
I no native steers here; few cars Texas steers
$6.00; beef cows $5.25; light vealera $0.00
©9.60; one load feeder steers $7.85.
Sheep, receipts 500; most sales sheep and
lambs 50 cents lower; run mostly native
spring lambs; bulk better grades $15.50®
16.00; packer top $16.00; culls largely
$10.00; fat light ewes mostly $6.50; medium
weight and heavy kinds $6.50®6.00; can
ners and culls $1.00@4.00.
CHICAGO LIVE STOCK.
CHICAGO, May 23.-y-Cattle, receipts
000; most killing classes very uneven; de
mand narrow for lightweight fed steers and
all grades yearlings; trade sluggish; gen
erally weak to 25 cents lower; yearlings
showing most decline; many youngsters held
over, some without bids; best matured
steers offered $10.50; moderate sprinkling
light steers at $8.00 and below; yearlings
In comparable finish downward to $7.00
and under; in-between grades fat cows un
evenly lower; better grades canners and
cutters about steady; bulls steady; vealers
unevenly 25 to 50 cents lower; few choice
kind above $10.00 to packers; stockers and
feeders scarce steady; bulk $6.60®8.00.
Hogs. receipts 35.000; slow; uneven; j
weighty butchers mostly steady; others j
weak to 10 cents lower; light lights showed j
maximum losses; bulk good and choice 250 j
to 325-pound butchers $7.45®7.60; top $7.60; !
bulk desirable 170 to 225-pound average
$7.30®?.45; better grades 140 to 150-pound
weight- largely $6.70@7.15; packing sows
mostly i6.70®6.90; killing pigs steady to
16 cents lower; bulk good and choice 120
to 130-pound average $6.00©6.25; estimated
holdovqr 17,000.
Sheep, receipts 6,000; fat lambs steady to
weak; spring lambs 25 to 60 cents lower;
sheep uneven, weak to 60 cents lower;
heavy kind showing moist decline; bulk de
sirable fat lambv $14.75® 14.85; spring
lambs generally $16.Q0@16.50; desirable fat
ewes $7.00©7,50; heavies mostly downward;
some $5.50.
LOUISVILLE LIVE STOCK.
LOUI8VILE, KY.. May 23—Cattle, re
ceipts 300; slow, steady; heavy steers $8.60
©9.50; beef steers $6.00@>9.25; heifers $5.00
©9.50; cows $3.00©7.60; feeders $5.6Q@7.75;
stockers $3.00©'£50.
Hogs, receipts 1,600; 6 to 10 cents lower;
165 pounds up $7.45; 120 to 165 pounds
$6.65; pigs $4.50©5.50; throwouts $5.45
Sheep, receipts 300; steady; spring lambs
$17.00; clipped sheep $6.60.
4 Sears Roebuck .... 82%
47 Shell Union OH .. 18
1 Simmons Corp . 22%
2 Simms Pete .13%
24 Sinclair Oil . 20%
17%
19% Z0
21% 22%
90% 90%
.- - 54 _
do. Pfd . 71% 71% 71%
~- -. 67%
28 Skelly Oil .
1 Sloas-Shef Steel
63 Southern Pacific
22%
66
91
30 Southern Ry . 64%
4 do. pfd . 71%
21 Standard Oil of Cal. 68%
35%
11 do, of N J .
2 Standard Gas Klee. 32%
7 Stamlrd Plate Glass 33%
45 Stewrt Warnr Speed 60%
15 Strom Carburetor .. 69%
Studebaker .32%
102 Studebaker, new .. 32%
2 Term Copper . 7%
9 Texas Company .... 40%
15 Texas Gulf Sulphur. 61%
1 Texas di Pacific ..28%
8 Tex Pac Coal OHA 9
6 Timken Roll Bear. 33%
5 Tobacco Products . . 58
Transcontinental Oil 4%
30 Union Parific .133%
6 United I>rug . 72%
15 U S Cast Iron Pipe 85%
14 IT .s In(| Alcohol .. 64%
79 U 8 Rubber . 2«
89 U S Steel . 97%
12 do. pfd .119%
1 Utah Copper . 6 8
2 Vanadium .£2%
1 Va-Caro Chem .... 1%
20 Wabash pfd A .... 45%
16 Westlnghous® Klee . 66%
2 White Kagle Oil .. 24%
6 Wirkwlr Spen Steel 1%
95 Wlil>n-Overland ... 8%
t»* do. pfd . 68%
Wilson & Co . 18
8 Wool worth w 1 .... 81
13 Yellow Cab ctfa. . . . 48%
Total sales for the day 628.100
34% 85
32% 32%
33 33%
69% 60%
69%
31%
31%
32%
32%
40% 4\%
60% 61%
33
67%
4%
132% 133
71% 72
85
63%
24
97%
119%
33%
*4%
85%
64%
25%
97%
45
66%
24%
1 %
7%
66%
83%
47%
45%
66%
24%
1%
8
67%
8i" *
47%
............«•% Ill* 11**
Hy of Com fa.lit
« do.
I Od Tk
» do. fa .101*
1* Great Nora Tt 'A ..101*
“I „d«V ■ . ••%
1 Hershy Chocolate (a.lot*
1*7 HudsonAMan ref la. A II*
10 do. adj lno la.01*
1* Humble OIIARef i*s. II*
1* 111 Bell Tel ref la.. 01*
11 111 Central 6*s .102*
1* 111 Central 4s, *11.... is*
II 111 Btel deb 4*s .... OS
11 Indiana titeel 6e ....101*
12 Interboro Rap Tram 7s *1*
1 do. Is .«0
•0 do. ref Is stpd 1... 10
10 InterAQt Norn adt la 47*
I do. 1st Is . ||*
4 Inter Mero Mar a f Is. 14*
3 Inter Paper cVt Is, A. 14*
II Kaa Cty, Ft SAMem 4s 70*
18 Kas City P 4k L la.. *1*
10 Kas City Sou Is .... 01
1 Kas City Term 4s ..14%
I Kas Gas A El la .. IS*
24 Kelly-Springfield T la. 18*
3 I. Sh A M 8 deb to, 'll 14*
10 Liggett A Myers Is.. 18*
14 L A N 6a. B 2008 ....102
1 do, unified 4s ...... 81
7 Louisville GasAEl Is II
7 Manatl Sugar 7*s..., 00*
• Marlnd 011 7*8, w w.100
7 Midvale Steel cv Is.. 81*
1 MlnnASt L ret 4s... 17*
* Min St PAS S M * Is.102*
11 Mo KsAT pr lien Is C.100*
*0 do, new pr Hen Is A II*
II do. new adj is A.. 66*
II Mo Paclfltf 1st Is .... 8?
121 do, gen 4s . 68%
2 Montana Power Is A.. 16*
11 N E TelATel 1st Is. 88*
UNO TexAMex tno 6s. 88*
11 N T Central deb ls.106%
266 do, rfg A Imp 6s ... 88
16 N T ChlASt L 6s A.101*
I N Y Edl ret 6*s_111
10 N Y, N HAH Fran 7% 71*
12 do, cv 6s, '42 .... 68 .
18 N Y Tel ref Is. '41.106*
18 do, gen 4*s .86*
1 N Y. WeatABos 4*s. 47*
104*
111*
II*
101*
It
61*
•7*
88*
101*
«*
• 1*
-a
102
• 2*
II*
101*
82*
II*
w
'• i'
ll*
II*
II
II*
14
84
71
82*
80
•♦*
i«*
ii
ii*
16*
*1*
88*
101*
••*
101
81*
II*
II
II*
100
•I*
66*
100*
• 6*
66*
61* 61*
II
»7*
106*
88*
101*
II*
II*
106*
•I*
87*
101
»♦*
•7*
6
9
§
12
135
3
1ZS
90)4 91
13%
107%
88
92%
98%
93
4>orioiK<x VYCSUl cv bS.lZ37/fc 1ZI
North Am Edl s f 60. 92% 92
Norn Ohio T&L 6s, A. 91
Norn Pacific ref 6a B.104%
do, new 6s D ...... 92%
do, pr lien 4s.83
Nor States Pow 6s, B.102%
11 N’western Bell Tel 7s.108
12 Ore A Calif 1st 6s.. 100%
5 Ofe-Wash RRtNV 4s 82% ...^
12 pacific Gas A El 6s.. 92% 92%
26 Pacif Tel&Tel 6s, ’62 92% 92%
6 Penna R R 6%s ..— .109% 109%
20 do, sen 6s .101% 101%
21 do, sen 4%s . 93 92%
40 Pere Marquette ref 6s 96 95%
6 Phila Co ref 6s.101% 101%
1 do. 6%s .92
11 PhtlaAReadlng Cdfcl 6s 96 96%
22 Pierce Arrow Is .... 74 73
15 Prod&Ref 8s w W...109% 109%
99 Publlo Service 6s.... 91 89%
43 Punta Alesre Sus 7s.109% 109
126 Readlns gen 4%s .. 91 90%
1 do, 4s . 92% _
10 Rock Isl, Ark&La 4%s 77%
28 St L, Irn Mt&So ref 4s 89%
41 do, 4s. R A O div .. 82%
43 St LAS P pr lien 4s A. 70%
16 do, adj 6s .73%
73 do, ino 6s ••••...• 64%
18 8t I# S'west con 4s.. 82%
6 St Paul Un Depot 6a 99%
4 S A L con 6s ...... 77%
20 do, adj 6s 66%
6 do. ref 4s .66
22 Sinclair Con Oil col 7a. 89%
6 do, 6%s 85%
40 Sinclair Crude Oil 6%s 99%
48 Sinclair Pipe Line 6s. 84
61 Sou Pacific cv 4s ..96%
49 do, ref 4s.88%
16 do, col tr 4s.86%
63 Sou Railway gen 6%s.l06% 106
41 do. sen 6s .100% 100% J00%
99% 100
72% 7»%
76%
89%
81%
70
73%
64%
82%
99
77%
66%
89%
82%
70%
73%
84%
T7%
81%
85%
99%
83%
96%
88%
84%
89%
85%
88%
96%
88%
85
14 do, con 6s .100
25 do, gen 4s .78
92 S'westn Bel Tel rfg 6s 94%
4 Stand Gaa&El cv 6%S 96
1 Steel Tube 7s ..63%
2 Tenn Electrlo ref 6s. 96
21 Third Avenue adj 6s.. 40
26 do, ref 4s ........ 63
2 Toledo Edison 7s ... 108
10 Toledo. S; L&West 4s 81%
63 Union Pacific ref 5s..103
66 do, 1st 4s .91%
10 do, cv 4s . 97%
11 United Drug 8s .113%
38 U S Rubber 7%s ...00%
18 do, 5s .
122 U 8 Steel s f 6s
13 Utah Pow&Lt 6s
20 Va O C 7%s w
6 do, 7s .
16 Virginian Ry 6s
6 Wabash 1st 6s
•4% 84%
95%
89%
62
96
40
91% 91%
80%
113% 113%
99% 100
_ 80% ....
.103% 103% 103%
90 90%
80
66
95%
99%
•r
83%
86
8tt
90
80
~e 66%
.M H
S Wibuh lit (• ...... S*M
IS Warner Su*ar Rif ti.lOS
IS Weatern Aid lit 4a ... 82M
IS 'Western Paclfto (a ... 86M
1 Western Union *Ma..ll0%
20 Westlnshouae El 7e..'108M 108 M 10SM
S West Shore 4a .12
S Wt<-kwlr-8pen Steal fa SS%
S WllsonSbCo a f 7Me. S3
IS do. let Sa
S do, cv Sa
1 T Sheet&Tube
Total aalea of bonds today war. SlS.Jlt.
000 compared with S18.41J.000 prarloua day
and (11,042,000 a yaar aye.
:::::::: S*
> <a .... ss£
SIM
ss
SIM
SOM *1
48
SS
ISM
ALABAMA SECURITIES.
(Corrected by Ward. Sterna and Company.)
State and Municipal Bond*. •
Bid. Asked.
Alabama 84s, 1969 . 83 88
do, 4s, *56 . 80 88
Alabama Highway 4Via . ft 100
City of Birmingham... .4.50 to 5.00% basis
Jefferson County .4.50 to 5.00% basis
| Jefferson County warrants.6.35 to 6o00 basis
City of Montgomery... .4.00 to 6.10% basis
Mlscelaneous Bonds and Stocks.
Jefferson Realty 6s, 1042) ...... 0
Ala. Power Co. 6s, 1961....... 86
do. 6s, '61 9
do, 6s, 1946 . 93
Ala. Tract IdghtAPow 6s, *63.. 66
B’ham Water Works 6s, *89... 91
Woodward Iron Co. 6s, *63.... 84
Montgomery Hotel 6s . 95
Montgomery Bank Stocks.
First National .160
Fourth National ..148
Exchange National . 109
Alabama Bank A Trust Co.... 106
Union Bank & Trust Co . 220
Miscellaneous Stocks.
Ala. Power Co. 7 % pfd ....
Ala. Traction, common . 86
101
89
101
94
76
98
87
91
166
169
116
116
246
98
SI
WALL STREET BRIEFS.
NEW YORK, May 23.—A group policy for
$9,000,000 in protection of the Uvea of lta
employes. Just placed by the Central of
Georgia railway with the Metropolitan Life
Insurance company. In addition to a previ
ous group policy held for $10,800,000, makes
the road one of the mqst heavily Insured
transportation lines In tha world.
In order to ward off accumulation of
orders, the 12-lnch bar mill of the Youngs
town Sheet and Tube company which had
been Idle four weeks, will resums opsratlons
next weke.
Cuba Cana Sugar pfd declined sharply
today along with shares of other Cuban \
producers fs an outcome of a revision of i
private estimates o nthe size of the i
present crop and tfie amount of sugar still j
on the Island. Weakness in the stocks re- i
fleeted the decline In prices for actual raws
and futures, the former 'selling down to
3Vi cents, tha lowest level since January,
1923.
Possibility of the 10,00rt stores In the
Great Atlantic and Pacific Tea company
chain becoming aggressive competitors of
the United and Schulte systems again was
stressed today by persons having knowledge i
of the entrance of the grocery concern in
to the retail distribution of tobaccos. To
this Innovation on the part of the former
corporation the street largely attributed the
desire of older tobacco Interests to Join
DRYGOODS
NEW YORK. May 23.—Cotton goods were
steady today with moderate trading re
ported In all llenes. Yarns showed no
ahange. Burlaps were quiet. Raw silk
was bought moderately, while artificial silk
yarns of coarse denims were In better call.
No change was reported in men's wear
lines. Owing to the threat of a strike
among garment workers, dress goods and
cloakings were very quiet.
COFFEE.
NEW YORK. May 23.—A break of 120
points In May contracts to 12.25 resulting
from the Issuance of notices, marked the
coffee market today. It subsequently ral
lied to 13 cents at which point trading In
the contract ceased*-* The general market
opened with May 25 points lower and other
months four points higher to six lower. It
was influenced by commission house and
New Orleans selling, but later rallied from
12.15 to 12.35 for July on the strength of
cost and freight offers, closing rather firm
at 9 to 12 points net advance.
Sales were estimated at 20,000. Closing
quotations: July 12.35; September 11.59;
October 11.47: December 11.23; March 11.00.
Spot coffee steady; R!o 7s 14 4; Santos 4s
18 4 to 19 4.
Bourbon 3s and 4s were quoted 18.00 and
4s and 5s 16.25 to 18,15, cost and freight.
£io exchange on London 1-16 pence high
er. dollar buying rate 50 rels higher. Rio
200 rels lower to 50 higher; Santos 75 rels
lower to 125 higher. Brazilian port re
ceipts 43.000; Jundlahy 22,000.
MONEY.
NEW YORK. May 23.—Call money steady.
High 3; low 3; ruling rate 3; closing bid
3; offered at 34; last lan 3; call loans
against acceptances 24.
Time loans steady; mixed collateral 60-fO
days 4; 4-6 mom ha 4(*4 4; prime commer
cial paper 4 4 C 4 4
POTATO ES.
CHICAGO. May 23.—Potatoes trading
moderate, market steady; receipts 74 cars;
total United States shipments 618. Wlscy
sin sacked round whites 1.20© 1 35; 1^ v
Michigan and Wisconsin round whites 1.40
©1.50;
Now stock. Alabama and Louisiana sacked
Bliss Triumphs 8.06893.25; Florida barrels
Spaulding Rose 7.50© 7.76.
Export Demand is a
Factor in Rally
[ on Wheat Prices
CHICAGO, Mar I*-—Frees!®* tempera
tures In the Canadian northwest with me*
tlve demand from exporters at Winnipeg
and a forecast of possible frost tonight as
far south as Kansas brought about a
sharp rail/ la wheat prloes todar after an
early decline. Wheat closed unchanged, %
cent to H cent net higher, July 91.07%
to 91.08, and September 91.08% ©11.69 to
91.09. Corn finished at half cent lower to
a shade advance, oats at % cent off to 1
cent gain, and provisions unchanged to 7
and 10 cents down.
Rains In Nebraska and parts of Kansas
relieved, at least for the time being, the
concern which traders had felt as to
drought conditions west and southwest. This
opportune supply of moisture was chiefly
responsible for a downward tendency in
the market during the first half of the day.
Offerings on the declines, however, were
readily absorbed owing to a prevalent opin
ion that the crop outlook still remained
questionable. The subsequent advance was
readily achieved when buying increased on
account of the news from Winnipeg and
other bullish developments.
One of the points emphasised was that
Winnipeg's May delivery which some
months ago sold d3 cents lower than Chi
cago May went to about % over Chicago
today. Word of some export business at
St. Louis was also a stimulating factor. It
was noted too, that western Kansas and
Oklahoma had recelwjd or no rain. Be
sides, talk was ‘current that the Paclflo
coast winter crop would be m third less
than last year.
Corn and oats followed wheat, but rallies
were checked by reports that eastern re
sellers were offering corn cheaper than
Chicago and that, more liberal country de
liveries were indicated. Provisions weak
ened on the downturns in the hog market.
Grain and provisions ranged as follows
today.
W Jtl Hi A.T—•
Hay .... w
July ..m m
Sept. m
CORN—,
May • ••* m
July *..«
Sept. •»•«{ tai
OATS—,
May a<M| M
July —m
Sept. (»«w ••
LARD-,
July .M. M
S'kibA^.* «
Sept. .... _
BELLIES—
July .... ..
Sept. - _
open.
1.01
1.07%
l.«3%
.73%
.77
.74%
.47
.44%
■UK
10.41
10.71
High.
1.04
1.0414
1.0014
•7474
.7714
.74%
.4714
.44%
.40
10.41
10.71
Low. ClOM.
1.04% 1.06 %
1.06% 1.07%
1.07% 1.04%
.77% .71%
.74% .77
.76% .74%
.44% .44%
.44% .44%
.*0% .18%
10.17 10.17
10*61 10.C4
10.10
10.40
10.11
10.40
10.00
10.31
l.tl
10.05
10.36
CASH CHAIN AND PROVISIONS.
CHICAGO, ILLS.. Max 11.—Ceeh wheat No,
2 hard.
Corn No, 1 mixed
No. 2 yellow
Lll @ 1.13
.78%
■ 80 9 .10%
.48% 9 .48%
.47% 9 .43%
Oats No. 2 white ,
No. 3 white
Rye, no eelee .
Barley..
Timothy ■eed. —
Clover need—.
Lard....
Rlbe.. __
Belli.* ~
ST. LOUIS CASH GRAIN.
ST. LOUIS. MO., Mey 23—Caeh wheat No,
*«*•••! .... 1.15 @ U4
No. 8 rad ,. — t, , » L14
Corn No. 8 white - , , - .79 u
No. 2 yellow , ,u .82
Oats No. 2 white - .60U
No. 3 white m.mmqhw .48 O .48^
KAHN * VIRGIN GRAIN LETTER.
<'2tt?Ta ?lnner * Be,in®,# Private wire.>
CHICAGO, May 28.—Wheat: Development
of decided strength. at Winnipeg and St.
Louie advices telling of aeveral small lota of
wheat aold for export and round lota being
considered led to general short covering and
some new buying here and the market re
sponded readily, advancing to a premium
over the previous close. The west and mid
dle-west had general rains but southwest
had only light sprinkles and the forecast Is
for fair,weather in Kansas where rains most
badly needed. It will be Interesting to see
whether the present advance in values
bringa in any broadening of outside inter
est.
Comt Weak oonslderlng the strength In
wheat* but trade was only moderate with,
outside interest limited. Cash demand con
tinued slow and basis half lower. Weather
generally unfavorable.
Ooatas The northwest was credited with
buying September here and locals bought
on the strength in other grains giving the
market a fair recovery. Volume of busi
ness moderate. Weather conditions favor*
able but additional rains needed In south*
west where the cfop is said to be heading
short.
Provisions: Lard dull and weak, while
meats were fairly active and mat w1th sup
port from paokers on declines. Hogs ft cents
lower, top 17.60.
_WEEKLY COTTON LETTISH.
IfBW YORK, May 21.—Tha ootton mar
ket wnlla aomewhat Irregular during tha
week, averaged quite ateady, especially to
ward the close when It was Influenced by
less favorable crop advices, and a number
of private reports Indicating a rather slow
condition and pointing to a government re*
port on June 2 possibly under 70. Of tha
private condition figures Issued during tha
week, the lowest was 66.4 with an increase
of only 3 per cent In tha estimated acre
age. According tov numerous private ad
vlcas received from the belt tha crop has
suffered from cool nights whloh have re
tarded germination and given it a distinct
setback. This furnished the basis for nota
ble support from Wall street interests
which was a feature late In the week when
October contracts sold up to 26.84 repre
senting a net advance for the week of
about 116 points. July contracts sold as
high as 29.66, a net advance of 75 points,
and the week closed with prices still about
40 to 70 points above those prevailing a
week ago. The May position reached 32.30
or a new high level for the present up
ward movement, and at the time It passed
out on Friday sold at 81.98. a premium of
275 points over July, or about the maxi
mum premium at which it had sold over
that delivery.
Not only has curtailment continued to In
crease In both northern and southern mtll
sections, but reports from cloth markets'
indicated inability to do business at pre
vailing prices owing to a disposition to
await development In the new crop situa
tion. It was estimated that Fall River
cloth sales would not excede 20.000 pieces
for the week. On the other hand spin
ners takings showed a fair increase over
the same week a year ago and weekly sta
tistics on the whole received rather a bull
ish construction. The deliveries on May
w , m,ont]? ar« estimated at about 60.
000 bales.I Southern spot markets ruled
generally firm with net advances of about
30 to 50 points but sales proved to be only
moderate as there was less export inquiry
while domestio mills, owing to the curtail
buyUaKIdaIUd* *howea little disposition to
_ ___ BRADSTREKT’S report.
NEW YORK, May 23.—ilradntreet’g to
morrow will say.
♦ *,lTr.ad® *Jn<* crop developments etlll lack
the long-desired stimulus of seasonal
weather; the recession in Industry continues,
the results of this upon employment and
purchasing power being noted as an addi
tionally retarding element In some areas;
political developments have been rather
disappointing, and the general situation,
commercial and Industrial, may be quite
--rate* summed up in the phrase, fair
“Rather more than average complaint
or low temperatures retarding crop growth
comes from such widely separated areas
as the spring wheat northwest, Texas. Geor
gia and New England, and very generally
crops and trade are linked together as being
similarly affected. The Pacific northwest
notes the need of rain, as do some of the
whiLCr!!ttral afe x?a far Bouth aa Kansas,
while rain and light snows or frosts have
been rather detrimental in tho northern
tle.r»,.of , *tat*a from Minnesota eastward
Weekly bank clearings 98,214,458,000.**
SUGAR.
*?EWfT<p,?K* May 23.—Renewed weakness
«? /the,r- declln? of 3*16c to the basis
of 5.21 for Cuban duty paid, a new low
record for the year, featured tho raw sugar
market today. Offerings were larger with
sales reported of 7.000 bags Porto Rican
June shipment, to a local refiner, and 21 -
000 bags pf spot Cuban at 6.28 and 10.006
Cuban for June ahipraent at 6 21
Another Increase m the Cuban "crot> estl
mate to 4.076,000 tons, representing a rec
ent production with the decline In sn.w.
led to renewed general selling in raw s ,gTr
futures. Stop loss orders were uncovered
on the break which carried prices 15 to 3t
points below yesterday's finals but there
»a» a partial rally on covering, leaving final
prices 7 to .0 points uet lower. Trading
was of large volume. July closed 3 fil
September 3.. 1 ; December 3.41; March 3.2o!
Refined augur followed the course of
prices' and were unchanged to 50 points
7°tnerr rhn 1 St nols ranging from 7.00 to
7.o0 for fine gm ablated.
Refined futures were nominal.
naval stores
«A. May 23—Turpentine
shipments nr>9; stock 7 l'to- r<celpt* «-i
Rosin firm; sales i.772; receipts lies,
shipments 612; stocks 69 419 P” 1,12S*
„Q"“gv: 2' E''4 ,6; r, 4 SO,
G. 4.8s, H, I, 4 90; K 5 US • t in. xr
5.151 WO. 5.96; WWx 6.65. M' M#i N*
JAGRSONVII.I.K. FI.A. May 23 —Tur
pentina firm. 81«, 8114 ; sales 950; receipt*
591. shipments 75; stock 13,633.
Rosin firm; sales 1,620; receipts 8,526:
shipments 1,925; stocjt 111.641 *
Quote: B. 4 40; D. 4 45; 15, 4 65- F 4 80
G 4 85; H. I, 4 90; K, 6.05; ID * 5 10 nT
5.15; WO. 6.95; WW, 6 65.