OCR Interpretation


The Washington times. [volume] (Washington [D.C.]) 1902-1939, August 06, 1920, FINAL EDITION, BUSINESS AND FINANCE, Image 15

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84026749/1920-08-06/ed-1/seq-15/

What is OCR?


Thumbnail for 15

5 .
-MAY HAYE
YCOOGUN
Pis Diret $arph Toward
Woman and "Go- tween"
a TMOWAU WIUULLE'.
EessaeeaSal Hews Service.
PMILADIC.PHIA. Aug. 6-Although
the authorities working on the Cough
la kidasping case still believe Baby
Bla&*ly Coughlin to be alive, they are
staie possled today over the con
tisa*' refusal of August P. Pascol,
believed to be the actual kidnaper,
and the man who secured the $12,000
rasein from the father. to reveal the
hiding place of the child.
Today it was reported from New
Oretma, N. J., men believed to be State
polide., visited Pascol's little farm
near that place and thoroughly
searched the entire tract. The search,
it was said, was made to determnine
whether the body of the fifteen-month
old babe. if little Blakely I. dead, was
buried somewhere on the farm. Those
who -visited the farm, however. re
vealed nothing as to their findings.
Chief Postal Inspector Leonard.
however, in still firm in his belief that
the. child is alive.
"We are naking good progress," he
said. "and step by step the case is
being cleared up. I am hopeful of
final developments within the next
twenty-four hours."
PasdI's end ,of the case Is about
cleared up, except for the most im
portant pointthe hiding place of the
child. The authorities, it is believed,
ate looking for the accomplices to
day, a man and a woman. The woman
has the child In her custody, it is
said, while thel man is believed to
have been the "go-between" meeting
Pascal frequently and then returning
to' the woman.
In spite of Pascol's adamant stand
that he did not do the kidnaping and
doe. not know where the baby is hid
doe, a met- of evidence has been
woven about him sufficient, Inspector
Leonard says, not only to convict him
on A blacknailling charge as author of
"the crank letters, but to fasten upon
him the crime of kidnaping as well.
Paseol's past life is now an open
book, to. the authorities, with the ex
ception of a gap of two weeks, the
twp weeks, just after Baby Coughlin
was stolen on June 2. They have
traced his criminal record which be
gan in 1910, when, as Augusto Pas
quale, he was convicted of burglary
in New York city, through crimes of
thievery in New Jersey and Pennsyl
vania, up until this spring, when, on
March 36, he finished a nine months'
tem'.n isthe oonty prison here for
robbing a store. He was penniless
then, and drifted around, working as
a laborer until two weeks after the
dnaping, when he turned up at .the
rth Seventh street rooming houle
with plenty of money. This also was
jkst after George Coughlin had: left
the $12,000 ransdm for the kidnap4r
it the hope that his child w he
rgturned.
Shown a picture of P
uale, $(. W. H. Yost .
F. Dpjiel of WhfliO, -a
suburb, ?;,oth p tiety_ idn ed
Pascol as'the 4hey qwwih a
baby under his arm wrAikrng neer
their h s da the smdning after
the kidwjpning:
JERALS OF GEN: GORGAS
'0 BE HEED HERE AUG.16
Further plans for the funeral of
William C. Gorgas, former surgeon.
general of the United States- army,
whose body is being brought from
England, were announded by the War
Department today.
The funeral will be held from the
Church of the Epiphany, Monday aft
ernoon',.Jiggust 16, at 2:30 p. in. The
"Nitary procession will march to
Arligton National Ceietery.
The body of General Gorgas will
grrive at HoBtoken, August 11, on the
army transport Pocahontas. Mrs.
Gorgas, Sir William Smith, and
Lady Snith, representing the royal
istitute of public hygiene of London.
Mrs. R. Noble, and Mrs. Robinson, are
accompeinying the body to this coun
try.
On the arrival of the Pocahontas
at -bokon. N. J., the body will be
placed aboard a special funeral car
anid bror gbt bere.
4An escort will accompany thc body
to the Epiphany Church. Thirteenth
.,td G streets northwest, where it
will lie in state until the ceremony.
METAL I
ONLY 16
Size 1
* All-SteeI Doors and
Delivered a
Thes Are
Se. C. N. BUC
5 Mess Ave. N. W.
Do You Enow the Correct
Way to tart
Theum?
EXPERT EXPLAINS
Professor Wilbur, of
George Washington,
Gives Correct Usage.
Do you know how to start a let
ter? 1Lo you know whether it is
correct usage to begin with "Sir"
or "Dear Sir?" in other words, do
you know how to write a saluta
tion of a letter?
Prof. William Wilbur. dean of
Columbian College of (leorge W ash
ington University and Eunglish in
structor, quotes fro n the best Eng
lish book.' pn the subject:
"The saaitation of a letter de
pends on the personal relationship
between the writer and receiver of
the letter. For a business letter
there are two ways of addressing.
one just "Air,' the other "Dear Sir."
The first is used for a very formal
letter, the latter for a courteous
business letter.
Government departments use
"Dear Sir." For a woman, substi
tute "Madam" or, if single. "Miss
- - . "My dear" beginning is
used in personal letters. Then
"Dear." dearest, etc., for very
friendly letters.
Address the business letter this
way. It is the one most common
ly followed by business houses and
conforms strictly to good usage:
Mr. John Jones.
Boxer-Smith Co.,
Paterson. N. J.
Dear Sir:"
GOV. ROBERTS WINS
PRiMARY IN TENN.
Renominated By Comfortable
Majority-Alfred Taylor In.
dorsed By Republicans.
NASHVILLE, Tenn., Aug. 6.-Incom
plete return today from Thursday's
State-wide primary indicate that Gov.
A. H. Roberts was re-nominated by
the Democrats, winning by a plural
ity estimated by his friends to be
25,000.
The winner of the Republican
gubernatorial nomination appeared
today to be Alfred Taylor, seventy
five. His friends claimed his nomina
tion over Col. Jesse M. Littleton, for
mer Republican national committee
man, by 26,000.
Thirty-four years ago Taylor was
efeatd for, governor by his younger
bother, "Bob" Taylor, who later died
while he was in the United ytates
te,
pteen ipcancles f-th' State leg
were filled from a large field
of dbndidates. all of whom, suffragists
claims, -were pledged to vote' for suf
f rage -ratification. There have been
no reports however. in these counties.
and the result is in doubt.
Congressmen Sells and Sims. Demo
crats, were badly beaten for renomi
nation. Other. Congressional places
were in doubt.
Both suffragists and antis express
ed -satisfication with the apparent
Roberts victory. Both the governor
and Crabtree were pledged to wor'k
for suffrage ratification.
STEW SI~COMPANY
REPORTS BIG DEFICIT
Annual report of Gaston. Williams
& Wigmore, Inc.. and controlled com
panies, shows a deficit for the year
ended April 30; of $1,191,10. Ina
much as the previous surplus aggre
gated. $1,620.938,' the romainding sur
plus totalled $429.769.
ividends paid amounted to $160.
00; as compared with t900,000 in
the previous year.
The company reports a loss of $2,
125,000 in inventories and advances to
associated companies, as against
nothing for thts purpose in the pre
:eeding year. Investments of $150,
00 ave aisn showna in the report. The
final profit and loss denicit fur the
year amountled to $4,931,196.
IARAGES
)F THEM
(x17.6
Vire Glass Window
d Erected
Bargains
K LANlD, Agent
SBUSINESS AND FIN
A.B.A.WECOME
TO BE ARRANGED
Local Executive Committee Will
Most Wednesday Afternoon
at Willard-Notes.
By WILLIAM R. CONRAD.
Special consideration is to be given
to the arrangements being made for
the American Bankers Association
Convention at a meeting of the ex
ecutive committee of the local or
ganisation in charge at a meeting, to
be held Wednesday afternoon at 4:30
o'clock at the headquarters in the
New Willard, according to announce
ment made today.
Robert N. Herper, president of the
District National Bank, and chairman
of the committee, has sent out the
call and a large* attendance of the
membership is espected. He has also
pointed out that during the meeting
of the convention from October IS to
21. every person having any connec
tion with a local bask, whether Pres
ident, director or runner, will wear a
ribbon entitled "Local Bankers In
formation. Ask me?"
William T. Galliher, president of
the Americhn, National Bank. and
chairman of the badge committee, is
expected to report at the Wednesday
gathering as will Harry V. Haynes,
president of the Farmers and Me
chanics' National Bank, who is chair
man of the entertainment commit
tee.
TERLING ADVANCES.
Sterling showed another advance
today when it sold at 3.62%. an ad
vance of 1% cents over the price of
yesterday.
After a vacation season spent in
Pennsylvania and Atlantic City.
Joshua Evans, cashier of the Riggs
National Bank, is back at his desk.
COLVER ON TRADE COMMISSION.
The Federal Trade Commission, its
province and relation to the business
of the country, were discussed in
graphic detail by William B. Colver,
chairman of the commission, in a
speech made last night before the
summer school of Pan-American and
Foreign Commerce.
"In creating the comtisalon Con
gress wrote a single sentence which
seems to me," said Colver, "to pum
up the ideals of American business
and to be at once the Constitution, the
bill of rights and the Declaration of
Independence of American business.
These words are, *Unfair methods of
competition in commerce are hereby
declared unlawful.'
"Experience has shown." he con
tinued, "that about two out of every
three complaints which have been
brought before the commission are
not such as to warrant any formal
proceeding against the respondent."
OPERATORS TO SE WILLARD.
As the outcome of a conference at
New York yesterday of operators en
gaged in the export of soft coal,
D. B. Wentz. of Philadelphia, presi
dent of the National Coal Association,
will confer, within the next few days,
with' Chairman Daniel Willam, of the
Association of Railway Executives. to
discuss means of curtailing the privi
lege of reconsignment of open top
cars for shipment of coal from the
mines to tidewater ports, for export
trade and for trans-shipment to New
England ports. The conference with
Mr. Willard will be held probably at
New York and at a )Jme to be fixed
by him.
This move of the operators is aimed
at driving out speculators in tide
water movements of coal who have
been exacting high prices for an out
put obtained at nominal prices at the
mines. This is part of an effort of the
soft coal operators to eliminate every
species of speculation in the handling
of coal wherever it exists.
Restriction of the reconsignment
privilege in the tidewater movement
of soft coal, as contemplated by the
operators, is in line with the drastic
order issued by the Interstate Com
merce Commission this week, under
wbich but one reconsignment is al
lowed. The operators .want the most
rigid restrictions to apply to the tide
water shipments, as well as all other
movements throughout the country.
ENTERTAINMENT COMMITTEE
The entertainment committee for
the American Bankers' Association
convention which Is regarded as one
of the most important, was named to
day as follows:
Harry V. Haynes. Farmers and
Mechanics' National Wank. chairman:
George Vasa. Riggs National Bank,
vice chairman: H. G. Addison, Security
Savings and Commercial Bank: C. D.
Boyer, Federal National Bank: B3. A.
Boyle., Potomac Savings Bank; Victor
Deyber, Second National Bank: A. S.
Gatley, Lincoln National flank: E. E.
Herrell, Merchants' Bank: W. B.
Hibbs, Hibbs & ('o.: C. E. Howe,
American Security and Trust Com
pany: J. B. Larner, Washington Loan
and Trust Company: E. J. McQuade,
Liberty National Bank;: 1. F. 1sul,
American Security and Tr ust Com
pany; W. W. Spaid, Hibbs & Co.;
George L. Starkey, Natinnl Bank of
Washington: W. M-:K. Stowell, Lin
coin National Bank: E. J. Stellwagen,
Union Trust Company; E. E. Thomp
son. Crane. Parris & Co.; W. J. Waller,
American Nationsl flank: GJeorge 0.
Walson. Liberty National Blank:
(George W. White. National Metro
politan Thank.
LOCAL STOC'K E:%(HA~fAE.
After cail on the Washington stock
Exchange today some activity was
shown in Washiington-Vlrginia pre
ferred when 25 shares sold! at 7.
Five shares of Mergenthaler sold
at 12:1% while thirty shares of Wash
ington Gas sold at 44.
NEW BANK BUIiLDiNE..
Work. is progressijig on the new
building of the Standard Savings
Bank at. O:X:-33 0th street and whe'n
completed the house promises to be
one of the most convenient banking~
houses of the city. D). 5. V'enable,
cashier said today that it is ex
pected that the building will be com
pleted in the early fall.
BALTIMORE GRAINIMARKET.
BALTIMORE. Aug. 6.- -Wheat
Firmer; better demand: No. 2 red win
ter, $2.714': No. 2 red winter garlicky.
sa.61. Receipts, 262,166; shipments,
202.251.
Corn-Firmer: No. 3 yellow or het
ter domestic. 51.66. Receipts. 106,700;
shipments. 1.569.
Oats-Firmer; No. 3 white domestic.
95. Receipts. 5,64n; shipments. 2.461.
flye - Strong; higher; No. 2 Western
evport spot, 52.11. Receipts. ?!.132;
shipments. 65.107.
Hay Quiet; unchanged,
Flour - Dull.
LOCAL SECUmITIES.
W..hb. eah e T-.
AFTER CALL
Washiagton and Virginia p1d.. low
7. 1697.
Mergeatbaler Laatype. 6.135%.
Washingten Ua. 36044. 6044.
BOND8.
PUBLIC UTILITY.
BaD. Asked.
Amer. Tel. & Telga. 4's 76 75%
Amer. Tel. & Tel. 4%'s.. 7S, ai
Am. T. & T. C't'. Tr. 6's T 16%
Am. Tel. & Tel.. C't'l 9's $6 96%
Aas. & Potomac 6's .... 4 .
Ana. a Pot. Guar. 6'a. . 46 ...
0. a P. Telephone 6's.... sa 90
Capital Trac. R. R. 6's.. 66 ...
City & Suburban 6's..... 4 .
Georgetown Gas let 6's. 94
Metropolitan R. R. 5's.. 90
Pot. Elec. Lt. 6's........ 90 93
Pot. Eloc. Cons. 5':..... 32 3t
Pot. Elec. Power 's..... 9I
Pot. EW. Power U-M 9's. 91 , 93
Wash. Alex. & Mt. V. 6's 36
Washington (ias 6's...... 76 78
Wash. ity. A BIlc. 4's... 6 .
Wash. Ry. Miee. G-M 0's. .. 90
MISCELLANEOUS.
D. C. Paper Mfg. 6's.... .. 96
Riggs Realty 6's (Long). 92
Riggs Realty 6's (Short). 39 ..
8TOCKS.
PUBLIC UTILITY.
Amer. Tel. & Teleg..... 95%
Capital Traction ....... 8 ..
Wash Ington las .. .... . .43% 4*
N. & W. Steamboat....... 215
Wash. Ry. & Elec. com.. 17 .%
*Wash. Ry. & Elec. pfd.. 46 47%
Wash. Va. Ry. com..... 2%
Wash. Va. Ry. pfd....... 7% 10%
NATIONAL BANK.
American Nat. Bank .... 170 185
Capital Nat. Bank...... 110 ...
Col. Nat. Bank .........160 ...
Commercial Nat. Bk... 172 110
District Nat. Bank...... 176
Far. & Mech. Nat. Bank 225 ...
Federal Nat Bank...... 176
Liberty Nat'l Bank.... 123 133
Lincoln Nat. Bank .. 16 ...
National Metro. Bank.. 210
Riggs Nat. Bank...... 460 480
Second Nat. Bank ...... 160 165
Washington ........... 192 206
TRUST COMPANY.
Amer. See. & Trust.... 210 236
Continental Trust .. ...105 110
National 15av. & Trust.. 250 270
Union Trust ............ 115 120
Wash. Loan & Trust.... 245 255
SAVINGS BANK.
Commerce & Savings... 140 ...
East Wash. Sav. Bank.. 14 ...
Merchants Bank ...... 150
Sec. Sav. & Com. Bk .... 200 230
Seventh Street Sav. Bk. 145 ...
Union Savings ........ 110
U. S. Savings Bank..... 212 250
Washington Mechanics . 17
FIRE INSURANCE.
Arlington Fire Ins. .... 7 ...
Corcoran Fire Ins. .... 70 ...
Firemen's Fire Ins. ... 20 ...
Ger. Amer. Fire Ins. . 200
Nat. Union Fire Ins.... 5% ...
TITLE INSURANCE.
Columbia Title Ins. ... 4% 5%
Real Estate Title Ins... 80 ...
MISCELLANEOUR
Col. Grapho. com........ 22 23%
Col. Grapho. pfd.......... 84
D. C. Paper Mfg., Co.... 75 ... .
D. C. Paper pf.......... 95 102
Mercb. Traas. & Storage 100 ...
Mergenthaler Linotype.. 122% 125
Old Dutch Market cam.. 4% 5%
Old Dutch Mar. pfd..... 10 10%
Langton Monotype...... .711% 73
Security Storage........ 200
.Sec. St. & Safe Dept..... 120 ...
Washington Market.... 17%
LIBERTY BONDS.
Quotations furnished by W. B. Hibbs a Co.
Liberty 3%'s. 1947............ $90.92
Liberty 1st 4%'s, 1947......... 85.60
Liberty 2nd 4's. 1942 .......... 84.88
Liberty 2nd 4'.'s, 1942........ 84.94
Liberty 3rd 4%'s. 1928........ $x.74
Liberty 4th 4%'. 1938........ 85.36
Victory 4%'s. 1923............ 95.68
Victory 3%'s. 1923............ 95.70
MONEY MARKET.
N1W YORK. Aug. 6. -The foreign
exchange market showed weak' at the
opening today, but then turned strong.
Demand sterling opened at 3.61% and
then rose to 3.624. Franc cables
started at 7.22%. and then rose to
7.30. and checks moved up I points to
72954. Lire cables. 6.10; checks, 5.09%.
Belgian cables. 7.65: checks. 7.34'.
Guilder cables. 33%; checks. 33.
Marks. 2.13.
FOREIGN BONDS.
Quotations furnt:hed by W. D. Hibbs & Co.
Freneh 4's ................... 56%
French 5's ................... 69
French Prem 5's. .... ....... ....79%
British Victory 4'. ............ 307
National War Loan 3''........ a79%
War Loan 5's.... ........... .... 320
Italian 3's..... ... ... ...........44%
Belgian Rtest 5's... .... ........ 9
Belgian Prem. 5's..............82
Berlin 4's.......................22
Greater Berlin 4. .. .. . ... .. ...22%
lBremen 4%'s...................25
Chemnitz 4's................... 1
Coblenz 4's ......................2d1
Cologne 4's.....................24
D)anzig 4's. .... ... ... .. ....... ..28
Darmstadt 4's.................... 24
Diresden 4.....................2:1
Dresden 4%is...................23%
Dusseldorf 4,........-...........21%5
E.sen 4's.......................24%
Frankfurt 4'................... 20%
Frankfurt 5's...................28%
Hamburg :'s .................. 0
Hamburg a'.'s ..................17
Hamburg 4's.....................' '2%
Hamburg 4%'s..................;:4
Koenigsberg 4's.................20%
Leipzig 4 %'s....................24%
Leiig 5' . . . . .. . . . . 2
Munich 4's ................:... %
Germian Govt. V's..............1
German Govi. 3%'s...... 6
German Govt. 4'p................13
German flovt. S's. ...... .... ... 21
Krupp 4's.............. ........24%
Jiadische Aniline 4's..........'0
Allegmi Eteck Gesd. 4'..........26
Melninger Chnk 4's.............24%
Norddeut cher. L. B. 4'. ......24
Preushs flank 4'sq...............24%Sd
flerliner Dank 4............... 6
V'ienns 4's...................... 74
Vienna 44's ...............---.7
Vienna 5s. . . . . . . . . .. 7
SINCLAIR CONSOLUDATED
E!ARNINGS SHOW GAIN
Sinclair ConsolIdated Oil Corpora
tion reports net income avalable for
dividends for the first six month. of
the current y'ear of Sl1,42.676. ThIs
compares wIth a net Inenme after all
charges, totaling 310.681.235 for the
entire .vear of 1910.
The net incom" for the six- month4
ending June 34) is equivalent to $4.07
e share on the 3.787.982 share of
c.aps .ta. stc oustanding.
EDI ULAR OANES
SI sO MARK
9WuB C .mm.n Maks Now Low
Re rd ,ite Mexian Petro
lIum Moews Up.
NEW YORK. Aug. 6.-Price changes
were irregular at the opening of the
stock market today. some issues con
tinuing their sharp decline and fall
inf to new low records. while others
showed rallies from the declines of
yesterday. Nteel common sold off %
to 64%. a new low record for the year.
Canadian Pacific was offered in large
supply and slumped 24 to 114%.
Keystone Tire was subjected to at
tack and yielded 15 to a nflw low
record of 16%. TranseentineIltal oil
was another weak feature, declining
1% to a new low of 10%.
Middle States Oil rose I point to 12.
with a subsequent react4pn to 11%.
Mexico Pete sold up I ' to 154. then
fell to 161%. with another rally to
164%. Pan-American Pete rose 1%
to 79%. Invincible Oil fell over I
point to 36%.
MPLOLE.UM UTEL DEW'LINMS.
Replogle Steel fell points between
sales to 65, a loss of over 5 points.
Vanadium Steel was 1% lower at 65%.
Baldwin Locomotive reacted to 106%.
and then rallied 1 point. Reading rose
1% to 83%. and fractional gains were
iade in Southern Pacific and New
Haven. Atlantic Gulf broke 2 points
to 141. Studebaker. after yielding to
62%. rose 1 point.
The market wastdivided into two
distinct elements. , The leading issues
were in fair demand and held close to
yesterday's final prices, while a num
her of stocks controlled by pools re
flected renewed forced liquidations
and sustained severe losses.
United States Steel moved up from
$4% to '5%4. although it later re
acted to 94%. and Reading advanced
to 88%. followed by a reaction to
87',. Mexican Petroleum, which sold
early at 151%. advanced to 155, and
many of the other oil stocks showed
a steady tone.
R public Steel fell over 2 points to
78 and Midvale Steel vielded 2
pnts to 37%. Replogle Steel sold
off 6 points to 63%. and V aadiun) was
down over 3 points to 64'4.
Invincible Oil was under pressure,
yielding 2% to 34%. from which it
rallied to 36. Middle States Oil
ranged from 12% to 11%.
Sugar stocks continued heavy.
Cuban American falling % to 39.
THE CURB MARKET
Quntations furnished by W. A. HIibbs & 4'I
Aetna Explosives....... .10 10%
Allied Oil............... 19 21
American Candy........ 6 9
Atlantic Petroleum...... ..3% 3%
Belcher Divide.......... 2 3
Belcher Extension...... 3
Big Ledge.............. I >
Boone Oil............... 2% 2%
Boston and Montana.... 63 65
Boston and Wyoming.... % 1
Calumet and Jerome.... % '
Caledonia .............. 1 20
Canada Copper.......... % }I
Carbon teel............ 7 36
Carib 8yndicate......... 10 it
Carib Trading .......... 50 70
Car Light and Power.... 2% 2%
Cities Service New...... 29% 30%
Cities Service Old ....... 300 315
Cities Service pfd....... 64% 6a
Cleveland Auto .. ...... - 60
Colonial Tire .......... 1 3
Consolidated Copper .... 2% 2%
Cresson Gold ........... % %
Davis Daly ............. 6% 8
Dominion Oil ........... 6% 7
Elk Basin .............. . 7% 7%
Emerson Phone ........ 4 6
Ertel Oil ............... . 4. . %
Pederal Oil ............. 2% 2%
General Asphalt ....... 48% 49
General Asphalt pf... 80 90
Gilliland Oil ........... 20 _9
Gilliland Oil pf.......... 7$ so
Glenrock Oil ............ 2.4
Guantanamo Sugar ..... 10 : 20
Guffey-Gillespie ........ 26% 27%
Granada Oil ........... . '4 10
Hecla .................. 4 4%
Hercules Paper ........ 23 27
Howe Sound ........... .3% 34
Indian Packing ......... 6 61%
Intercon. Rubber ....... .10% 11%
International Petroleum 2S 30
.leronme Verde ......... '44 441%
Lake Torpedo ......... . 1 2%
Lone Star Gas.......... 2' 2"
Livingston Petroleum.. 4 % 51
Magma Copper ........ 25 27
Maracaibo Oil ......... Ix', 19
Marland Refinery ...... 4" 4I
Mason Valley .......... 2
Merritt Oil ............ II 11%
Metro. Petrol........... 412 5
Midwest Oil com........ 1 2
Midwest Oil pfd.......... 1_ 2
Midwest Rjfining........144 1461
Mntherlode-Newv...........5s 6
Nevada Ophir ............23 30l
New Cornelia.............13 17
Nipiccing Mines Co.... . .. 8 x'
North Am. P. & P...... 6., 6%
Northw et. Oil............25 27
Pennok Oil....................i
Perfection Tire...........1U' 14
Producers & Reenners... 5'. 5%~
Radio corn........ ........1 ' 1
Laudlo ifd...............2' 26
liay Hrculec.... .........12 12%
Nalt ('reek Producing . . 30 32
~apulpa corn. .. .. .. .. . ..5..
filver King of Arizona . 30 35
Simma Petroleum ... al4 12%.
Skelly Oil................9' 9%
bubmarine C.orp..........i0 12
i'uiperior Oil..............17 17'%
tswift I nt-:rnational .......0)' 3l0%
Tobacco P induicts laxp. . 13 16
Tonopah~ Davide..........1 n 1I
Tropienl Oil. .. ...... . . . I 1 20
United laa-tern.... .. . . . . 2 2'
U S. Light & Heat comn.. 2". 24
U. S. Light & Heat pf.. . 2%' 3
United Pronit Sharing. . . i ' i
U. S. Steamship .. .. .......2 2'
UnIted Retail ('andy . 1 12'.
Warren 1Bros...... ...... .. N
Way landl Oil.. ........ .. '4 *
Wayne Coal..............2%4 :31
We'st End Cone...........14 1'4
White Oil ................l7L 19
Wright-Martin Aero . .. 61% 7
CHICAGO
Armour Leather 'onm. 15%. 16
Armnour Leather Pfd. . 03 94 i
Armour Pfd. ...........i 96 9)2
Cudahy Pack ing .. .. . . ... N X
Libby ... .. . ..... .. ......ll'. 12
National Leather.........10C 10l..
4Swift & Co. ............1011 -106i%
Union Carbide ..... 60n 0)%
NEW NICARAGUA RAlROAD.
SAN SALVADOR. Re'public of Sal
vador. Aug. 41. .-.(onutruetion of a rail
road from Monkey Point. on the Ca
ribbean. to San Miguelito. on Lake
Ncarnagua, lhas been decided upon by
the Nicaraguan Wove'rnnlent. accord
ing to dispatches received here from
Managua. Thlis road will be 118 miles
( ived by W. S Mb
s--.. ... ..m
38% Adams Napres.. 3% 31 30
Adv. Rumley.... 27J, 5% V
4S Aja; Rubber.... 4$ 44% 4
1!4 Alaska 0. M.... 14 1% 14
1% Alaska Juaos... 1% 1% 1%
JI AllieChalmors.. $1 30) 31
74$ Am. beet Sugar. p 76% M
7$ Am. Agri. Chem. 8% 606% i
83 Am. Beech ...... % %
134 Am. Can .....-- N3 32% 33%
133 Am. Car & Fdy. 134 131% 134
34 Am. Cotton Oil.. 25 143% 1
64% Am. lat. Corp... 1o 45% 46%
10 Am. Drug ynd. 10% 10 1016
13% Am. Hide & Les. 136 13% 1316
74% Am.It.ALp .. 764% 74 76%
63 Am. Lnseed..... 614 616 614
36 Am. Locomotive. 94% 98 93%
12% Am. Safety Ras. 13% 1236 13%
5634 Am. Smelting... 68% 434 E7%
Am. Smelt. pf. A. 83$ MM M
5434 Am. Steel Fdy.. 3436 934 343$
8134 Am. Sumatra To. 81 80 81
f6 Am. Tel. & Tel.. 333 853 66%
109 Am. Tobacco ... 111 104 103.
Am. Tob. new... 87% 67% 67%
75 Am. Wool....... 7% 74 76
Am. Wool pt.... 931$ 93 93%
11% Am. Zinc ...... 11% 11% 11%
51 Anaconda ...... 51 58,e 51
30 Asso. Dry Goods 30 2874 37$
03$ Atchison ....... 81 S0 16
75 Atchison p1..... 75 7436 75
8.4 At. Coast Line.. $6 lb 8b
143 At.. G. & W. 1... 144 13 140
1536 Baldwin Loco... 1C6% 103% 106%
3434 Balto. & Ohio... 34% 34 4%
45 Batl. & Ohio pt. 46 45 45
135 Barrett Co ...... 135 135 135
Batopilas Mi... 1 1 1
75 Beth. Steel B... 7434 7236 7434
Beth. Steel pf... 105 104% 106
73$ Miuuth risheries. 7 7 7
10 Brook. Rapid T. 10)4 10 10
IS Butte & Superior 1B)$ 1183 1841
731 Butte Cop. & Z... 7 634 7
12% Butterick ...... 1214 1234 12%
1i4 Burns Bros...... 102 10134 10136
26 California Petrol 2434 23 2354
117 Can. Pac. ....... 1194 115 115%
40 Cerro de Pasco. 40 40 40
64% Cal. Pack....... 65 643 643$
50 Central Leather. 51 4934 51
814 Chandler Motors. 88% 11% 1234
56 Ches. & Ohio.... tb 56 56
Chicago tt. W.. 7% 7% 7%
23 Chi. Gt. W. pf.. 23% 2211 22%
34 Chi., Mi. & St. P. 34% 3334 33%
62%$ C.. M. & St. P. pt. 51% 04( 513%
4% C.. R. 1. & P.... 35% :436 :5
C., R. 1. & P. 4 wi 633 63 63
73; C.. R- I. & P. 7 w. 73 7216 7234
13)4 Chile Copper ... 14 13 1331
27 Chino Con. Cop. 27 25S Ws
Cluett-Peabody.. 73 73 73
Col. Fuel & Iron. 31% 31 314
3516 Coca Cola...... 36% 35% 43
2134 Col. Graphoph... 2116 2034 2136
10% C. 1. Callahan.. 10)4 10% 1043
g44 Corn Products... 57 8414% 66%
77 Cot Can ..... 76 75 75
2834 Con. Textile Corp 28% 27, U
b23 Col. Gas A& Elec. 52 51% 52
10% Cont. Candy Cor. 11 30 11
127% Crucible Steel... :33 127 124
403 Cub.-Am. Sug. cas 41 3954 41
39% Cuba C. Cugar.. 401 3834 39)4
774 Cuba C. S. pf.... 77% 773 77
913 Del. & Bud..... 9234 9134 9236
29 Del., Lack. & W. 240 23 236%
474 Den. & Rio G... 535 5 5
10 D. & Rio G. p-.. 1036 9% 1036
1934 Elk Hurn Coal.. 20 19 20
123, Erie ........... 12h 121 1234
11% Erie 1st p1..... 20 19% 13
6736 Fam. Lasky Play 70 69 69
2656 Fiske Rubber... 27 26% 2674
21% Freeport Tex. Ce 2131 2151 2134
10 Gaston Wms..... 10 93( 934
593$ Gen. Cigar Co... 5S% 563 58)6
140% Gen. Electric.... 14034 13976 139%
2034 Gen. Motor Ctts. 21 20% 2034
513 Goodrich B. F... 525; 5034 5034
Goodrich pt. .' 6 86 6
Granby Mining.. 3434 34 34
33 Gt. North. Ore... 32% :114 31%
72 Gt. North. pf... 723 72 7234
50 Gulf States S... 48 46 48
6734 Hask. & Barker. 66% 67% 67%
13% Hupps Motor Car 14 13.4 14
83% Ill. Central .... 83% 33 63%
123% Int. Har. of N. J. 120 11754 11734
47 Int. Motor Truck 46% 46 46%
46 inspira. Cop..... 4634 46 4634
16t4 Inter. Nickel.... 17% 16% 17%
741 Internat. Paper.. 7654 3$ 76
Indiahom Ref Co 6%4 6% 65%
42 Iron Products... 41%4 41 411%
/34 Kan. CIty So.. .. 18 15 16
75% Kelly-spg. Tire.. 77 74)6 77
20 Keystone Tire.. 1934 198% 18%4
23 Kennecott .. ..... 23 22 - .
66%6 Lacka. Steel.... 6534 .4 65%6
22 Lee RI. & Tire.. 21 21 21
4336 LehIgh Valley... 44 43%S 44
Lig. & M yers . . 3 130 130
20%6 Loew-s (inc.).... 20%4 50!4 2M
129 Lortlla rd .... .. ... 12h 12536 127%
104 Manajti Sugar ..101% 101%4 1013.
234 Maranc corn..2436 23% 24
7436 Marine pf....... 75%4 73%4 75%3
13% Maxwell M. G... 12%4 1234 1214
152 Me xic an Pet rol.. 157 1bl% 1555%
3% Midvale Steel... 36%6 37%~ 3834
11 Middle States... 1234 1134 12%4
Miami Con. Cop.. 19 1834 18%
6.' 31o.. Kan. & Trex. 6%6 6% 656
M. K. &T.pfd-..- 11 1056 1016
26I4 Miniouri Pacinec. 54 2434 15
4334 Missouri Pac. pf. 44 43 44
50) Mont. & Ward... 3014 29%4 30%6
77 Nal Ani.&ChernC 78 76 764
106 Nat. Biscui t . . .. 105 1S 1.05
54 Nat. En. & Stimp. 65% 65%4 6534
71g Nut. Lead.. ..... 7236 70%4 724
7% Nat. C. C. ........7 6%4 7
1114 Nev. Con. Cop 11% 1134 1196
95 N Y. Air Brake 93 91M 10%
70 N. Y- Cen tral. 7216 70 7136
25 N. Y. Doelk. .. 3 1234 22%
333N -- N. H. &H. 25% 333% 3414
89 Norfolk & Wet. 6934 9 69
7316 Northern Paciic. 7434 75%4 733%
4716 Nova Scotia StI. 48 47%4 4734
2014 Oti. Steel.......'J 20% 9 0N4
314 Ok. Pr. & Rft. Co. 314 314 23
Ontario Silver. b3h 534 6%
Owens fbo Ma.. 4734 47 47%4
7e Panl-Ami. Petrol SI 7??W a0%
gg%4 Peo. lasn Co..2836 933 291
24 Pere Marquette 2434 93% 2434
40% Penna Rt. t..4014 40 4094
324 Pila. Coal...3234 31%3 32
3I l'hilttal rtr.. 543 M Mk3
" a.. atty !naietI. i
67 Pittsburgh Coal. i fi 6
41% Pterce-Arrow ... 42 4016 41%
11% Pierce Oil ...... 2 11 11%
63 Pitts & W V... 0116 3M 16
N Press. steel Car. 97% N%)4 MM
131) Pullman Pal. Car 1121 11, 166
763 Punta Al Su..... 7 73 74
96 Ry. Steel Srgs.. N 13 N
86 Rep. Iroe A Mteel s1% 75% 913g
134 Reading ........ ftW ?67 g
7063 Replogie Steel.. 70 N N
6434 Retail Stores... 69% 63)4 ps
99 Remington .... 61 6 6
83 Roy Dutch N Y. 64 6016 414
to mavae* Arm.... 40 (0 40
7 Magom Moter.... 7 616 7
65 shell Trad. R T- 6216 04 63
144 Sinclair Oil..... b 24 164
60 Sloss-S. S. &Rl . 61 606 61
91% southern Pacifc. 93 91% 9196
57)4 outhern Ry.... 26% 27 16
6034 South. Ry. pd.. 40% 69% 59
23 st. L & ana V... 364 3 23%
106% /tan. Oil N.J. p1. 106%36 106% 1
$7 stromberg Corp. 61% $ 6
$3 Studebaker .....64 634 641N
4$ Superior $teel... 414 4736 46%
41 Texas Co....... 42 4014 41%
9.4 Tenn. C. & C... 93 9 9U
3 Tex. A PacIS... 3634 3534 1696
6134 Tobacco Prud.. 62 6114 62
12 Transcont. Oil. - 11 10% 11
3204 Union Hag & Pa. $1 $0 81
11634 Union Pacifc... 116% 1161 11716
34% Union Oil....... 27 2614 N%
United Al Steel. 41 40 40
United Drug.... 106 106 109
66 United ood.... 56 6634 66
195 United Fruit.... 1964% 187 191
60 U. i. Ind. Alcohol 803 79 0%
1414 U. 8. C. I. P. & F. 14 14 14
1734 Un. R. & Inv. pt. 17 1636 104
4936 Un. Realty imp. 60 4954 51
8334 U. S. Rubber. ...4 234 8334
63 USSmltIt&Ref. 62 52 52
9634 U. B. steel...... 86% 96 663
105% U. S. Steel pt.... 106 105% 106
6234 Utah Copper.... 62% 61% 62)4
65 Va-Car Chem... 63 62 63
107 Va-Car. Chem p1. 10634 106% 1041
703, Vanadium Inc... 67 6iM 6
163 Vivoudou Inc... 143 1454 1416
264 Wabash pf. A... 24% 26 26%
47" Westinghouse .. 464 46% 46%
93 Wh. & Lake Erie 1034 94 1036
17% Wh. L. Erie,)pf 110 15h6 16X
3534 West. Pac....... 27 27 27
47 White Motors... 47 46 47
1614 Willis Overland. 16% 1614 1654
b234 Wilson. Inc..... 14 52% 52
86% Wilson pfd...... 86 % 63 6
Woolworth .- 1)734 10734 10'14
Worth P. Ma.... tok 59 60%
Sales up to 11 a. m......... . 357.200
Sales up to 12 noon .......... 662.*0
Sales up to I p. m....... ... 721,000
Sales up to 2 p. m. ...... .. .200
Open. High. Low. Close.
Money........ 7 ' 6 6
NOTES OF THE STREET.
The Solulte -.MetatI Steres CorDota
tion. tobacconists. today declared a
dividend of 60 per cent., payable
August 24 on all common stock of
record on August 9.
Orders for 16.000.000 feet of ties
have been placed by a number of
railroads. Annual requirements of
railroad ties are placed authoritative
ly at about 100.00.000 feet, and the
statement is made by a transportatlen
head that the roads are behind about
75.000.000 feet in the number of ties
taken.
AMERICA MOVING TO
AVOID FOREIGN CO1TON
Strange as it may seem. America
is paying a staggering bill for
foreign-grown cotton. The twelve
months ending July 1. It was close
to $180,000.000. That is about four
times as much as in any previous
year. It is far greater than any
similar expenditure in our history.
and it is expended, though America
produces more cotton than any other
country--sixty per cent of the
world's crop.
Need of long staple cotton has
grown enormoubly In the last year
because of Its use in automobile tires.
Yet the response to this need by the
planter was less in 1919 than the
year before.
To save some of the large expendi
tures in Egypt the big tire companies
have encouraged grdtwing in new
areas in the aeuthwest. The Good
year compan has planted 36.000
acres on its own irrigated I das this
year. and has 20,000 more acres under
lease. There are prospects for a cop
siderable increase 1n long fb're cot
ton In California and Arisona. An
Agricultural Departme~nt expert ret
ently estima'ted- 250.000 acres planted
in the two largest cotton districts
In these states. Laist year the area
picked was 292.000 acres. In Arizona
farmers are selling dairy herds to
grow cotton.
TO ENTER UNITED STATFS
Dy EOERUIANER.
CHICAGO. Aug. 0.-For Glerman
marks there is not much immediate
hope, according to Moritz Krell, di
rector of the Disconto Gesellschaft.
Becrlin. who is in Chicago. Mr. Krell
reports Industry reviving in Glermany.
ILcading corporations like the German
Electric are running to capacity to
meet the e'xtrarodinary demand.
Where there in incomplete opera
tion, ft is due to a want of raw ma
terial. The restitution extends to the
shipping Industry, for ships of small
tonnage are being built.
Although confident of Germany's
ability to find herself commercially
within a relatively few years, Mr.
Krell is far from mure that the mark
will rine simultaneously. .The finan
cial burden of the Government as it
now appears to be is too onerous.
Anyhow. -on's prEdispdRition to op.
timiusm should be restrained until a
fiscal settlemnent with the Allies will
have been finally determined.
Th~e Disconto (Iesellschaft will have
an office in New York. This wilS
be the 'first direct representation in
America established by a prominent
banking interest in Glermany.
Those Blerlin institutions that had
branches in l~ondnn, includinag the
Deute he Bank and the Dresdener
Bank, will not reopen them, despite
the beginnings of a re-establishment
of trade between langland and Ger-.
many, and the first step taken to re
concile finaneil relations between the
itwo countries, it was learned from
lannther souren.
AATSUMSON
TO PARLIAME
Market Factors Prefer to New
Uoyd George on Russo
Polish Question.
N, iNou.. .ua.
CHICAGO, Aug. $.-Thoroughly re
sponsibie factors preferred to await
Lloyd George's submission to Parlia,
meat of the liritish ministry's atti
tude toward the IRusso-Polish ques
tion. Meanwhile during . banking
hours and the Bourse session, two
facts, and only two, were discernible
In the welter of excited and uncon
Armed tidings from abroad: The
Polish government agrees to meet
representatives of Itussia at Minsk.
Lord Grey put himself or. record in
the assertion that "to invoke the
lAague of Nations now to support
Poland by arms against the cones
quenees of her action is not merely
illogical; it i. in fact a real pisuse
of the league."
SOME W wks EBPMCT(1D.
Individual wrecks org the stock ege
thange roster are to Le expected with
increasing frequency. Not alone are
there aleatory pools of decidedly
precarious stability; certain com
panies themselves have indulged in
financing which pusslcs the onlooker.
but is not absolutely baffling to a
stock exchange habitue. When a
board of directors vote to acqept
$700,000 for a $1,000.000 " per cent
note issue and uses the proceeds to
retire part of its 7 per cent preferred
stock, what is the inevitable inter
ference? , ianifestly the directors
have an eye to the stock Exchange.
WAT'HING STERLING.
To the many who were looking to
sterling exchange for politicAl guid
ance the advance in English pounds
was confusing. There is likely to be
a continuation of this confusion un
less the watchers forget Poland and
pay small attention to British treas
ury affairs.
England and the English are de
termined to be constructive (for Eng
land), though Russia menaces and
British colonies are troublesome and
burdensome. On the one hand the
English are investing freely in Ger
man enterprises, despite the personal
feeling among (erman bank officials
and stockholders. To date approx
mately c250l.0(Ni,0O has been loaned
directly and indirectly-to the Ger
ians since the .armistice. and the
sum swells monthly.
DOWNING STREET CONCERNED.
Upon the other hand. the expense
of keeping military forces in Mesopo
tamia, India. Egypt and Ireland is
enormous; a burden on tax-payers
and a drain on the government ex
chequer. Furthermore the Anglo
French loan is provoking concern in
Downing street. Assurances from
Paris that enough American bills had
been brought to meet France's part
of the $300.000.000 obligation are to
be taken with reservation. If France
does not-or cannot--p'ay. England
must, for she was the mainstay bor
rower; her credit it was what in
duced American inv. stors to take the
bonds at what now looks like a high
price. Should France be compelled
to fluke on this loan. London will be
busy exchanging sterling exchango
for American--with a resultant un
forcable effect on the former.
POLISH REMITTANCES DIFFICULT
English as well as American bank
era have trouble in their remittances
for clients to Warsaw and Polish
cities. Collective relief moneys and
personal consignments of funds from
Poles in England and in America to
kinsfolk and friends in the new re
public have not reached their ulti
mate destinations promptly. In many
instances a delay of six months has
occurred, which has naturally aroused
protests from the remitters who have
found that the blockade was in the
Polish banks. Extreme annoyance
and bitter complaints have impelled
two Chicago institutions to refuse to
undertake further remittances to
Poland.
AMERICAN WOOLEN C.
MILL TO REOPEN MONDAY
WOONSOCKET, R. I.. Aug. 6.-An
nouncement was made here today
that the Saranac mill of the Amerlean
Woolen Co.. North Smithfield, closed
since July 10, would reopen In part
next Monday. Work will be resumed
in the dry finishing and weaving de
partments.
Officials of the company said that
the resumption of work was not. to
be takten as an indication of the prob
UlDe reopenting of other of the come
ny's plants in .the immediate futuare.
he Saranac mill. it wve- explained.
was to work on samples. . .
Detroit. Mich., was selected ae lie
meeting place for the 1921 convyes
tion of the Commercial Jobbing Con
fectioners' Association at the closing
session of the annual convention at
Indianapolis yesterday.
FINANCIAL
CITIES SERVICE COMPANY
Baukerm Sharem
Monthly Distibution No. 18
Hery I.. Doherty & Company annonne.
that the eighteenth monthly distributionl of
Cities Pervice tompan y flankers fihares
ayable September 1, 1930. to bolders of
anker. Shares of record Augurn 11, 192,
will be 42 cents per flanker. share.
THE INVESTMENT
WITH A NATIONALI
REPUTATION
We are constantly receiving
calls for our Firut Neetmage
0% Notes from every oection of
the country.
Thast an investment secured
on improved property in the
N~ation's CapItal appeals aol
strongly to those living else
where must convince you. Mr.
WVashin tonlan, that people re
gard 'asshington as 'he one
city in this country where val-I
ties are stabilized and iermat
nent, safeguarded by the pres
ence of outr Government itself.
An investment, backed by al
national reputation, should ap
pear attractive to you.
SwartzeU, Rheem &
Hensey Co.
727 FIfteenth Street

xml | txt