The Washington times. [volume] (Washington [D.C.]) 1902-1939, August 10, 1922, HOME FINAL EDITION, Image 19

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The Washington times. [volume], August 10, 1922, HOME FINAL EDITION, Page 19, Image 19
About The Washington times. [volume] (Washington [D.C.]) 1902-1939

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The Washington times. [volume] (Washington [D.C.]), 10 Aug. 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn84026749/1922-08-10/ed-1/seq-19/>

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ADVANCING WASHING
TON'S INTEREST
Fj ^ A |7 LATEST NEWS
1 1 ^ A 11 VJ Li OF FINANCIAL WORLD
Railroad Earnings
Increase During June
Net Operating Income $76,470,500 Against
$61,980,600 in May.
' By HARRY GU8A0K.
Railroad earnings for the month of June will show an in
crease of oVer 2Vi per cent for the month last year, according '
to reports filed by the class one railroads of the country
il. t_?.. n
Report* filed with the commls-4
?Ion show that the 199 roads In1
this class had a net operating In
come of |T(,470,500, as compared
With 161,980,000 for May of this
jre*r, and with <60,964,000 for June,
Although the earnings for last
Bne represent a return of 4.78
cr cent on the tentative Invest
ment as fixed by the Interstate
Commerce Commission, tabulations
?how that the roads were short $19,
666,400 of realizing a return of 6
Per cent on this valuation, and $15,
664,917 below the 6% per cent fixed
by the commission In Its rate de
cision. In May the rate of return
Was 4.86 per cent and In June, 1921,
I.T8 per cent.
Reports filed with the commls
?lon show that the 199 roads had
operating revenues totaling $472.
180,600, wlilch wu an Increase of
SH per cent over the samo month
Wst year, while their operating ex
penses amounted to $868,336,000, a
decrease of 4H per cent compared
With June, J921.
For the first six months this
year the net operating Income of
the railroads totaled 1348.387,400,
compared with $146,639,800 during
the same period last year. This is
at the annual rate of return on
their tentative valuation of 4.43 per
cent, compared with 1.86 per cent
^during the first half of . 1921. Op
itftig revenues for the first six
Hiths totaled $$.606,647,000. a de
le of $14 per cent compared
w11.u the corresponding period last
year, while operating expenses to
taled $$,075,620,000, a reduction of
11.1 per cent under those for the
first six months last vear. Com
parisons show that the carriers dur
ing the first half of 1922 foil short
$123,886,600 of realizing a 6 per cent
return on the tentative valuation of
their properties, used for transpor
tation purposes.
FEDERAL RESERVE BOARD
IS NOW WITHOUT HEAD
The Federal Reserve banking1
system was without a governor to
day for the first time since its crea
tion In 1914. '
The term of Gov. W. P. O. Hard
tag expired at midnight under the
law,'and President Harding has not
yet nominated any successor. Mean
While, E. P. Piatt, vice governor.
Will act.
President Harding Is understood
to be undecided about renominating
Governor Harding, although bank
^Ing Interests have brought great
sssure to bear on the White House
his reappointment.. A small, but
determined opposition in the Senate
Would be exerted against his con
flrmation, led by agricultural Sena
tors who found fault with the re
serve system's policy of financing
rural bawks In the recent agricul
tural depression.
The White House Is understood to
have several names under considera
tion for the post. Including that of
D. R. Crissinger, of Marlon, Ohio,
present Comptroller of the Currency.
STEEL INGOT YIELD
DECLINES IN JULY
NEW YORK, Aug. 10.?A report
Of the American Iron and Steel In
stitute available today shows steel
Ingot production in July fell off
147,873 gross tons from that in June.
This U the second curtailment in
output recorded since the coal and
.llroad strikes started.
tR&i( Bond Issue Authorized.
The Interstate Commerce Com mi s
on today authorized the Cincinnati,
ldlanapolis and Western railroad
to Issue $1,000,000 of first mortgage.
$ per cent gold bonds.
0. K. Loan to Cotton Men.
The War Finance Corporation to
day approved * Government loan of
97,000,000 to the Staple Cotton
Orowers Co-operative Association "f
Mississippi to assist in the orderly
marketing of cotton.
BANDITS ARE UNGALLANT
TO GIRL BANK EMPLOYES
MINNEAPOLIS. Minn., Aug. 10.r
Three armed abndlts raided the Penn
Avenue State Bank yesterday while
the cashier was at lunch, forced the
III employee to lie on the floor,
sted cash drawers, a vault, and the
__fe of $19,000 In cash and securities,
and escaped In an automobile.
?
WB BUY, SELL AND QUOTE
Listed sod Unlt.ted Stocks. Bonds end
Securities of ??ry description tb?t
arc marketable If jou want to Bur
at Poll. cull, write or phone lfeln 111
glKMER St cSftaaff.Sc
Local Stocks. <
Sales.
Washington Qa
Capitol Traction 6 a. $1,000? 98%,
^Metropolitan Railroad 6'a, $1,000?
97%
Washington Railway and Electric
4*8. $1.000?75. $1,00?75.
Washington Hallway and Electric
common, 10?67%, 10?67%, 10?
57 u 10? 57 >4, 10?57%. _____
District National Bank, l??17?'
10? 170, 10?170. 1??170,
10? 170, 10?170, 10?170, ??J7?
I^anaton Monotype, 6 ?7$%, ?
?80. ,ait1
Mergenthaler Linotype, 6?151.
After call? ..A.A 1A></
Washington Oaa JHi, $100? 106%,
$400? 105 %. _
American Security and Truat Com
pany. 10?290.
Money?Call loana, 5?6 per cent.
Public Utility Bonds.
Am. tel. * *el Va.
| Bid. | Ask.
98%
?1
Am. Tel. A Tel. 4%*?-y ?
Am. T. <A T. C t'l Tr. 6'a.
Am. T. A T. Conv. 6 a...
Anacoatla A Potomac 5'a.
Ana. A Pot. Guar. 5'a....
C. A P. Telephone 5'a....
C. A P. Tel, of Va. 6'a...
Cap. Traction R. R- 6'a..
City A Suburban 6'a
Georgetown Gaa. lat 6'a.
Metropolitan R. R. 6'a..
fOtomac Elec. lat 6'8.(...
Potomac E. Cona. 6'a,.
Pot. Elec. Deb. 6'a
Pot. E. P. O-M. 6'a
Poa. E. P.. O-M A ref. 7'a.
Wash., Alex. A Mt. V. 6'a,
Wash. Birito. A A. 6'a..
Washington Oaa 6'a....
Washington Oaa 7%'a..
Wash. Ry. A Elec. 4'a..
Waah. R. A E. G-M 6's...[ 99%[100^
99
99 %
116%
87
87
96%
92
98%
88%
89
97
96
95
99%
99%
107%
23
81
94%
. 104%
. 76%
#f%
101%
99%
116
8?
89
96
99%
108%
95
105%
75%
SUscellaneoua Bonds.
Rlgga Realty 6'a (long)..
Rlgga Realty 6'a (ahort)..
Sec. Stge. A Safe Dep. 6'a
W. M. Cold Storage 6'a.
Public UtUltySUx k?.
Am. Tel. A tfel
Capital Traction ...
Washington Oas ...
N. A W. Steamboat
Wash. Ry. A Elec. com..
Wash. Ry. A Elec. pf....
Terminal Taxi com
Terminal Taxi pf
92
98
95
94
National Bank Stocka.
American Nat. Bank. .J
Capital Nat. Bank
Columbia Nat. Bank...,
Commercial Nat. Bank..
Distinct Nat. Bank
Far. A Mech. Nat. Bank.
Federal Nat. Bank
Liberty Nat. Bank
Lincoln Nat. Bank
Nat. Metropolitan Bank.
Rlgga Nat. Bank......
Second Nat. Bank
Washington *Nat. Bank..
Trust Company Stock*.
Am. Security A Truat...
Continental Truat
Nat. Savinga A Truat...
Union Trust
Wash. Loan A Trust
12T?
100%
56
200
57
78
76
?_?%
101
67
210
57%
78%
16f
195
225
150
169%
225
175
132
190
232
491
148 1156
210
260
170
176
iii'
250
190 200
280 800
94% 100
296 810
126 136
280 300
Savings Bank Stocka.
Commerce A Sav. Bank..
East Waah. Sav. Bank..
See. Sav. A Com. Bank..
Seventh St. Sav. Bank..
U. S. Savings Bank
Wash. Mechanics' Bank.
Fire Insurance Stocka.
f70
207 |280
160
260
27
Am. Fire Insurance
Corcoran Fire Ina
Flremen'a Fire Ina
Nat. Union Fire Ina,...
Title Insurance Stocka.
Columbia Title Ina.
226"
100
18
8
I
Heal Estate Title Ina...
6
105
Miscellaneous Stocka.
Col. Graphophone com...
Col. Graphophone pf....
Merch. Trans. A Storage.
Mergenthaler Linotype..
Old Dutch Market com..
Lanston Monotype .
Security Storage ...
Washington Market
Yellow Cab
11%
100
160%
2%
79%
220
87
T
161%
so"
? a a ? ?
WAR FINANCE BOARD
APPROVES WHEAT LOANS
The War Finance Corporation
today announced It had tentatively
approved the following Govern
ment loana to assist In the orderly
marketing of wheat: Waahington
Wheat Growers Association, 82,000,?
000; Idaho Wheat Grower a Asso
ciation, $1,500,000; Montana Wheat
Growers Association, $1,800,000;
North Dakota Wheat Growers Asso
ciation, $5,000,000.
The corporation announced that
the Oregon Wheat Growers Co
operative Association ' haa already
arranged to finance all Ita require
ments through private banking
channela In Oregon.
SAMUEL UNGERLEIDER & CO.
BROKERS
WILLARD HOTEL
JAMES SLOAN, JR., Manager
MEMBERS
New York Stock Exchange Pittsburgh Stock Exchange
Cleveland Stock Exchange (Columbus Stock Exchange
Chicago Board of Trade
New York Correspondents
J. S. Bache A Co. Halle & Stieglits
Direct Private Wire Connections
Chicago Board of Trade
New York Stock Exchange
Telephones Main 3364-3367
We will be glad to handle your Give-Up Order*
After First Selling Wave In
parly Trading, Market
Recovers.
By W. S. COUSINS.
(Copyright, ltll. tor CoroiopoatM News j
S?rvle?.)
NEW YORK, Aug. 10.?Stocks
were quit* generally and heavily
?old In the first period on the stock
exchange today, though Ultra were
evidences that the bulk of the sell-;
lng came from professional sources,
rather than representing llqulda
tion from lone holders of stocks.
It Is, of course, difficult to say
how much of this selling was due
to the overnight accumulation of
orders from those who were some
what concerned over the latest de
velopments In the rail strike situa
tion. but doubtless this was a fac
tor of some moment, for, after the
first selling wave had run Its
course, a substantial recovery took
place, especially In the Industrial,
railroad and steel groups. United
States Steel moved somewhat Irreg
ularly and lost a full point In the
first hour on selling Induced by
fear of an unfavorable monthly un
filled tonnage report to be pub
lished later In the day.
Motor Stocks Weak.
The motor stocks were the weak
est of the whole list lp the first
hour, and Studebaksr, ex-divldend
(4, sold down to 12$*. for a loss
of 2 points. Chandler sold below
67. llack Trucks at HH. and
Willys-Overland below 7. The sub
stantlal support which soon came
to these stocks took them out of
the rut and Chandler sold higher
than yesterday's closing lovel, while
Studebaker fold above 124.
The good effect of the Govern
ment's crop report on the railroads
which will transport these crops
was seen In such stocks as Chicago
and Northwestern. Northern Pa
cific, Great Northern, St. Paul,
Hock Island, etc.. which were uni
formly strong and steady, in ??m*
canes exceeding yesterdaly s high
prices. St. lx>uls Southwestern
took the lead in the low priced rail
road stocks, the common selling at
a new high at 31%, while the pre
ferred was also In new high ground
. . -L
The latest compilation shows tnai
Southwestern Is not only earning
ltk fixed charges nearly twice over,
but at the present rate is ?"? turn
ing 12.18 per cent on the preferred
stock and 8.76 on the common
stock. Calculating from the pres
ent market value of the stock,
Southwestern Is showing earnings
of 27.76 per cent in the preferred
and 33.80 per cent on the common.
Other low-priced rails that are mak
ing an unusually good showing are
Texas and Pacific, 83.60 l?r ceut
on market price; Southern railway.
3196 per cent; Virginia railway.
28.(4 per cent; Pere Marquette.
21.18 per cent; St. L>ouls and San
Francisco, 28.17 per cent; Gulf. Mo
bile and Northern, 26.81 per cent,
Louisville and Nashville. 20.21i>er
cent; Norfolk and Western, 16.67
per cent; Chesapeake and Ohio,
24.81 per cent, and Big Four, -8.10
per cent. * .
While a disquieting situation has
developed in the railroad strike, the
financial district took more encour
Agement from th? fact that lale
freight cars are now at the lowest
point since January 1; that loadings
of coal cars have perceptibly In
creased this week, and that all par
ties to the coal strike are striving
to effect a settlement. The senti
ment of the street, therefr>e. ap
peared to be that While some tem
porary advantage might acct>s to
those who sold their stocks today
and waited for the reaction, the
long pull offered by far the bet?t
opportunities for profitable specula
tion. . ? ,
Call money was In good supply
at 4 per cent. ?
Oil Stocks.
(mrnUhed *? ^ B. Hltotoe a Ce.)
Prices at noon! I BM 1 Ask.
Anglo-Am. Oil Co" new.I 18%
Borne-Scrmyser Co *00.,
Buckeye Pipe Line Co1*4H
Chese. Mfg. Co 190
Continental Oil Co 136
Crescent Pipe Line Co.. *3
Cumberland Pipe Line ..185
Eureka Pipe Line 88
Galena-8ig. Oil Co. com. 68
Oalena-Slg. Oil Co. pfd. 108
Illinois Pipe Line Co... 161
Indiana Pipe Line Co... 89
National Transit Co 2?K
N. T. Trans. Co 188
Northern P. L- Co 1*8
Ohio Oil Co ,..278
Prairie Oil A Gas Co... 660
Prairie Pipe Line Co... 230
Solar Refining Co 836
Southern P. L? Co 88
South Penn. Oil Co 206
S. W. Penn. P. L. Co... 60
Standard Oil Co. (Cal.).. 104
Standard OH Co. (Ind).. 108 H
Standard Oil Co. (Kan.). 680
Standard Oil Co. (Ky.)..
Standard Oil Co. (Neb.). 176
Standard Oil Co. (N. Y.). 418
Standard Oil Co. (Ohio). 456
Swan A Finch Co 82
Union Tank Line Co... 87
Vacuum Oil Co 420
Washington Oil Co 24
Penn.-Mexlcan Fuel 26
19
416
96 %
200
140
86
140
90
68
112
164
90
28%
167
100
277
670
264
346
94
210
62
106
108%
r>40
96
186
420
406
86
100
424
28
30
SCHWAB BUYS CONTROL
OF STUTZ MOTOR STOCK
NEW YORK, Aug. 10.?-Charles M.
Schwab, head of the Bethlehem Steel
Corporation, has taken over the
Guarantee Trust Company's control
of Stuts automobile stock, the trans
action Involving close to 19,000,000,
It was reported today.
The name of Allan A. Ryan, the
stock broker, who recently failed for
$82,000,000 and hero of the famous
Stuts corner, thus passes from Stuts.
Ryan owes Schwab approximately
$806,000 on money advances which
were not secured.
If the reported $9,000,000 was paid
for the automobile com pan yf. it
would take the 300.000 shares Sf Its
outstanding stock worth $46 a share.
The stock now ssiU on the ourb tor
lit $19.
I NEW YORK STO
Q?Uttow R?c?tT?d fc
1:14 Th.
?1Kb i*w rjt ci?
Adam* Bz ... 75 78 ' 78 74X
Adv.Rumley pf. 48* 48* 46* <6*
AJa* Rubber..?U* 11* U* ll*
Allto Chal (Si S3 U ?68*
A. Cham A Dyo 73* 73 71* 78*
A Ch.ADya pf. 109 106 106
A Agr. Cham. 37 37 37 t7
A Boat Sugar 48 47* 47* ??*
An* *Boach.... 38* 38* 38* 87*
Am. Br. Shoo. 67* 67* 67X 67X
Am. Can MX 68H &?* 66*
Cotton Oil. 16* 36* 26* 16*
Am. H. 4L.pt. 70 70 70 70
Am. loo pf.... 93 88 98 93* |
Am. In. Corp..! SB* 36 85 36*
Am. L. L. F. Co. 12* 12* 12* 13
Am. llMirt.. 84 34 34 33* |
Am.Llnaeed pf. 53)4 62* 62*
Am. Loco .... 119* 118* 119* 119*
Am. Had. Co.. 113 110 112 109H
Am. Safoty P.. 7* 7* 7* 7*
Am. 8.* Co... 17* 17* 17* 1'*
Am. Smalt. pL 98* 96* 98* 98*
Am. Steel Fdy. 41 4CM *G* 40
Am. Sugar.... 80* 80* M* 80* ]
Am. Bumat. T. S9* 39* 39*
Am. Tob. B... 144 144 144 148*
Am. T. * T... 182* 122* 1?* 122*
Am. Wool .... 90* 90* 90* 91
Anaconda ft* 63* I
Amo. D. Qood. 68 68 68 66* [
Atchlaon 102* 108 103*102
Atchison pf... 93 ?3 93 9J
At A Blrmlon ?* 3* 3*
At. Coaat Una 113* U3H "W U4* |
At. O. AWL.. 30* a>* ??* 30
Atlantic Fruit. 2* 3* 2* 2* |
Baldwin Loco. 194 123 1*3* 134* |
Balto. A Ohio. .4 67* 67* 87* 67
Boooh-Nut .... 84 83* * ?*
Both. Stool D. 77* 77* 77* W*
Booth n?h.... 9 9 ? I
Brook. Edison 116* U6* 11* u6*
Brook. R. T.... 14* 14* 34* 94*
Bk. R. T. eta. 30* 30* ?0*
Brown Shoo .. 63* 68* 63* 84
Burn. Bros. A. 136* 136 136* 13W
Burn* Bros. B 49 48* 48* 49
Butto C 7* 7* 7*
Butterlck .... 30 90 30 ?*
Caddo Oil .... 10* 10* U* ^
Ckl. Packing -. 83* 83* >3* 82*
CaJ. Pot* 66* 66* 66% 68*
Can. Paolflc... 141* 141* 14?* 141*
Cal. Z A L.... 8* 8* 6* J
Cnt. Lesther. 89 38* 89 39k
Cant. Lthr. pC. 72 7 2 72 71* |
CarrodaPaa.. 39)4 S3* ??* *
Chand. Motor. 67* 66* 68* 87)4
Chu. A Ohio... 74)4 74* 74 X (4*
Chi. A Alton.. 11* 11* 11* "* |
a A Alton pt.. 19 19 19 19*
Chi O. W. pf. 21* 11* 21*
C.. M A St. P. 31* il* 31* 82 ,
C..M. A StJP.pt. 48* 4c* 4B* 48*
Chi. A N. W.. 86)4 66* 86* 66*
a, R. I A P... 44* 44* 44* <4*
C. R. I. A P. 8'a 14* 14* 14* 84*
Chllo Cop .... 11* U* 21* 11*
Chino Co#..... 23* 29* 29* 30
Coca Cola .... 70* '0* 7T* 70*
Col. ru.l A X.. 30 30 30 30
Col. Oaa A EL 94* ?4* 54* 93*
Col. Orapno... 3* 3* 3* 3*
Col. Graph, pf. 12* 11* 11* 1)*
Col. South 49* 49* 49* 49*
Com. Tab. Co. 66* 66* ?6* 68*
Con. Gss .... 122 121* 121* 124
Con.' Tex. Cor. 10* 10* 10* K>? |
Corn Prod .... 114 114 U4 114*
Cooden Cor ... 42* 42* 42* 43*
Crucible St*el. (1* 90* 91 91* |
Cuba Am. Bug. to 15* <6* '
Cuba C. Bug.. 16 16* 16* 16*
Cuba C B. pt. 38* SB* 38* 38*
Uar'n Ch. Co 47* 47* 47* 47*
Del. Lac. A W. 131* 131* 131* 132
Dotroit Edlaon. 1111 110 110 110* I
Dom. Mlnas.. 33* 33* 33* 33* |
Esgle OU 25* 26* 26*
Eastm. Kodak. 76* 76 78* 76
Elec. Btorag... 46* 46* 46* 41*
Brl 17* 17* 17* 17*
Erie 1st 28* 28* 26* 26*
Brio Sd pt...., 18*v 18* 18* 19
Famouj Play..1.84* ?4 84 84*
F. M A B. pf. 63* 53* 63 * 64
Flak. Rubber. 12* 12* 12* 12*
Free Tex. Co.. !0* 10 20 30*
Oen. Asphalt.. 69* 68* 69 69*
Oen. Cigar Co. 76* 78* 76*
Oen. Electrlo.. 178* 178* 178* 179
Oen. Motors... 13* 13 13 13
O.n. M. d.b I I. 81* 81* 81* 81*
Goodrich, B. F. 34 33* 33* 34* |
Ot. North, pf... 69 88* 68 89
Ot. North. Ora. 39* 39* 39* 39*
Oranby Mines. 32 32 32 31*
Gray A Dana. 16 Ifi* 16 16*
Ouanto Sugar. 13* 12* 12* 13*
Oulf Stat. Ht. 81* 81 81* 81
Hablrshaw El.. 2* 2* 2* 2*
H. R. Mai. A Co 86* 34* 34* ?6*
Hydraulic Btl.., 9 8* 8* 8*
Hupp Motor... 16* 16* 18* 16*
111. Central ... 109 109 109 109
Inaplra. 1 Cop. . 40* 40* 40* 40* |
Inter. CfonaoL.. 1* 1* 1* 1*
Int. Con. pf... 3* 3* 3* 3* |
Int. Harvester. 107* 107 107* 107
Intar. Nlcklo.. 18 17*18 18
Intar. Paper ..| 63* 63* 63* 63
In. Pa. pf. at.. 72 72 72 72
Invtnclbla OU. 13* 13 13* 13* |
Iron Prod. ... 31* 81* 31*
Jonea Tarn ..... 45* 45* 46*
Kan. City So.. 26 i 26* 36 26
Kana. A Oulf.. 4* 4* 4* 4*
Kelly-Bp*. Tiro 43 43 43 43* ]
Keyatone Tiro. 8* 8* 8* 9
Kreage 8. 8... 159 169 159 180
Kannacott .... 36* 86* 36* 37
L. E. 4 W. pf. 67 67 67
Laclede Oaa... 68* 88* (8* 69
Lehigh Val.... 68 66* 66 66*
Lima. Loo.com. 66* 56* 66* 66*
Loow'a (Ino.).. 16* 16* 16* 16*
Loula. A Naah. 134 134 134 133
Mackay 100* 100* 100*
Mack Track .. (6 64* E4* E5S
Mclntyro 19* 18* 19* 18*
Manhat Bhlrt. 38* 88* 38* 38
Marine com. .. 13* 13* 13* 13*
Marina pfd.... 63* 63* 63* 64*
MarBt.R.ld pf. 22* 22 22* >1*
Market prlpf.. 6* 62* 63 81*
Marlaad Cut .. 88* SB* 38* 36*
Mart. Par Oo.. 98* 88* 98*
Mot. A... 66 M 54* 81
CA 19* 18* 19 18*
r W. B. Hibbs ft Cm.
? Kick LM F. u. cieee
M*T D*p tor* 128* 128* 138* 127*
171* 168 170* 189*
.*?" ?"- K* 22 22* 22*
J"*?1 C Cop.. 29* 29* 29*
Mdval* M ]3^ M rs*?
MkLStaUe on 12* UH 12* 12*
*??.?* "* n 11* 10*
M-. 8. P 4 u. 86; < 68 66* 65*
Moot Ward... w* i4* 24*
*? k- * t.... is a* 12
Mo. Pacta* ... 22* S3* 22* 22*
Mo. Pac. pfc.. 61* 68 66* 67
MuL Bdy. Co.. 22 22 22 22*
Nor. Amor 74* 74* 74* 74*
Nat Acmt ... M* 1ft* 16*
Nat. Biscuit... lfli 150 161
Nat Eu.ABt... 96* 66 66* 66*
Nat. LmiI. .... 100 90 (A 100*
Nat. Lead pf.. 113 U3 113
Not. Con. Oop. 16* 16* 16* 17
N. T. Central. 96* 87* 86 9(7*
N.T..N.H.A H.. 31* 31 II* SI*
N. O., T. 4k Mex. 68 68 86 66
Norfolk A Sou. 19 19 19
North Pao.... 83* 81* 63* 82*
N. Scotia Steal 31 31 31
Ohio B AB. Co. 7 6* 7
Ok. Pr.4Rf.Co. 2* 2* 2* 2*
Otla Elevator.. 137 137 137
Otis Steel .... 10* 10* 10*
Owner* Bol. .. 36* 3b* 36*
Pao. DeveL.... 7* 7 7
Pac. O. 4k Bl. Ctt. 73* 72* 73 73*
Pao. OU Co... 62* 62* 62* IZ*
P. Am. Pot... 74* 73* 74 73*
P. Am. Pet B. 68* 6f>* 66* 68*
Penn. R. R.. 46* 46* 46* 46*
Pa. Sea Steel . 7* 7* 7* 7*
P*o. Oaa Co... 91* 91 91* 90*
P*r* Mara.... S9 37* M c8*
Phlla. Coal.... 40* 40* 40* 40*
Phillip* Pet... 42* 42* 42* 42*
Ploro* Ar. pf.. 24 23* 24 26
Plaro* OU 7* 7* 7* 7*
P?M?y Wlggly. 43* 43 43 43*
Pitt*. AW. Va. 40* 39* 40 40
P.AW.Va. PC. 90* 93* 90*
Pond Creek... 21* 21* 21* 21*
Poetum C*r*aL 86* 86* 86* 67
Pr*d. Stl. Car. 81 < 81 81 92
P. 6er.Cor.NJ. 89* 89* 89* 88*
Pull. P. Oar... 121 120* 120* 121*
Pun. A. Sugar 80* CO 60 90*
Pur* OU 29* 29 29* 29*
Bar Com. C.C* 16* 16* l?* 16*
Ry. SU. Bp**. 109 109 109
B*adit?g 78* 78* 76* 78*
B*P. I A ?a, 72 71* 72 72*
R*p. Mot Tr.? 3* 3* 3* 4
a Dutch N.T. 52* 62* 62* 92*
St Jo*. Laid. 15* 16* 15* ?#?
St. L. A S. P.. 31* 30 31 30*
St.LAS.F. pf... 94* 52* 92* 63*
St.L.S. W.RR. . 34 32* 33* c2*
S.L.S.W. pf... 61* 50* 61* GO*
San Cecelia S. 3* 3* 3*
Savage Arm* . 13 13 13 ||
Saxon Motor . 4* 4* 4* 4
S*ar*.Ro* 8b 84* 88 ?4*
Sinclair OU... 30* 30* 30* :-0*
Slo*a-Shef. pf.. 86 8?* 85
Boutk. Ry 2b* 26* 36* P6*
South. Rjr. pf. to* 60* 60* (0*
South Pacific. *2* 91* P2* fc2*
Splcer Mfg.... 19 ig* jg 19
St OU of N. J. 110 1?0 180
St OU of Cal.. US* 106 1C6 104*
Stew. Warner. 43 43 43 43*
Strom. Corp.. 44* 44* 44* 44*
Studebaker.... 125* 123* 124* 129*
Sub. Boat .... 6* 6* 6* 6*
Tex** Co .... 46* 46 46* 46*
Tex. A Pao...., 32* 30* 81* 31
Tobacco Prod.. 63* 6.-* 53* 63*
Tobacco pf ... 106 106 106 106
Tob. pfd. A... 78* 78* 79* 78*
Tranacon. OU. 13* 13 13 13*
Union OU 21* 21 21 2i
Union Pac ... 146* 144 145* 146*
United Alloy... 37* 37* 37* 37*
U. Rjr. In*.... 15 14* 16 14*
U.R. A In. pfd. 30 30 30 32
Un. Realty Im. 70* 70* 70* 71
U. a C. I. P... 34 34 24 34*
U. a Ind. Alco. 62* 62* 62* 63*
U. S. Retell a (4 ?3* ?4 63*
U. a Rubber. 66* ?5* 56* 66*
Utah Sec* 18* 16* 16* 16*
U. a Steel.... 101 100* 100* 101*
U. S. Steel pf. 190 119* 119* 120
Va.-Cer Chem. 27* 27* 27* 27*
Vanadium lac. 49* 48* 48* 49
Wabasn R. R. 13* 12* 13* 12*
Waba*h pf. A. 3S* 32* 33* .2*
Weatlnghous*.. 61* 61 81 61*
Weat. Md 11* U* 11* 11*
W**t Pacific.. 19 19 19 19
Wh.ALk.Brl*.. 14* 13* 14* 13*
Willy lOver. ..7 6* 6* 7
Wlllye-Over. pf. 38* 38 38 39*
Wiscon. Can... 31 31 31 31
Worth. Pump . 61 49* 49* 61*
Open. HI**. Low. Close.
Money on call.. 4 4%
Stock ealea up to
ll a. m. it noon. 1p.m. 1p.m.
171,700 191,400
Bond *al** up to?
11 a m. It noon. 1p.m. t D. m
>,040,000 4,844,000
Local Wholesale Prioes.
..I'.l"-8,r,ct"r frMh- 'elected. m doe.
14* 11; iv.r.f. recelpta, tt; Southern, It.
Live poultry?Rooetera, p?r lb.. 16:
!k' ib" "' ?PrlB* chlckene, per
fowl" II *' J,oun?' <*010;
Dreeeed poultry?Freeh-killed winter
chicken*, per lb.. ?T01O; hen., par lb.
"? r?0,'*r?. P*r lb.. 10; hens, per lb..
(>?40; keata. youn*. aach. 40.
LWaatock?CaWea, choice, par lb., ??
?%; lam be. choice, par lb.. <911; live
ho*a, par lb.. 11.
Oreen fruit?Applaa. par bbl . l.HA
I.Ot; par bu. baeket. 4001.00; Waatarn,
par box. 1710 4 It. California oranree,
par crete, I.OO01O.IO. Lemone, par box.
4.100(0*. Raapberrlaa, 10940. Peachoa,
per crate, 1 00 01.0*. Charrlea, per baakat.
100 71. Cantaloupe a, 1001.**.
. Potatoaa. No. 1, par bbl .
1.0004.00; par aeek. 1.0001.00; naw
bbl ? No >? ? OO0O.OO; No. I,
1001.00. Swaata. 4.0004.M. Yama, 1.00
01.10. tettuoe. Southern, par orate, (00
1.00. Romalna lettuce. 1.10. Cymbllnca,
par crate, T401.10. Onlona, par crate.
1.00 01.00. Cabbage, new. par cwt..
1001.44. Cucumber* 7101.10. ?**
planta. per crata. 1.IO01SO. Tomatoea.
par box. Florida, 1.00 01.10. Beana. 1.10
01.00 per baaket. Peaa, 4.00 01.4*. Pep
pera. per crata, 4001*. Kale, 1*01.00.
Spinach, par bbl., 1*01.**.
Cotton Market
NHTW TORK, Aug. 10.?The cotton
market waa ateady at the opening
today. Ootober *old at 20.11, off 8;
November, 10.18, off 4; December.
20 15, off 8; January, 10.06. off |;
March, 20.12,
Trading Last Month Amounted
to $300,000,000, With
PrioM on Upward Swing.
By MUNROE ROBERTS.
(Copyright, lilt, by Cestnspolltas News]
Mrvtoe.)
NEW YORK, Auf. f^Fln^re
porta from the bond dlvHj^^^f the
New Toik stock exchungeVeveal the
fact that trading in bonds on that
Important market In July was only
slightly under the June segregate,
the total being about $109,000,000, a
daily average of about (12,000,000, of
which Liberty bonds made up about
$4,600,000. On the whole, price
changes In the period referred to
were mostly upward and it was in
July that the Liberty* issues, as well
as A number of the semi-speculative
railroad and industrial bonds, reach
ed their high figure for the year,
and in some cases, for a three-year
period. Investors showed a keen ap
preciation for the enhanced values
-which accrued to convertible indus
trial bonds because of Improved con
ditions in the companies by which"
they were issued; and railroad bonds
closely followed the progress of the
stock of the same companies on the
listed stock market.
Buying by banks and fiduciary In
stitutions also showed a considerable
expansion as evidenced by their re
ports to the Federal and State bank
ing departments. Further ease In
money rates knd increases in sur
plus funds were, Important factors
In the higher price trend.
J . Today's sverage price for the ten
highest grade railroad bonds, accord
ing to the Dow-Jonss summary, is
?1.04, an increase of 11.42 from one
year ago; the average of the ten
second grade rails Is M OO, up 11.11
1 from last year: ten public utility
bonds 88.00, up J6.06, and ten Indus
trial bonds 96.94, up 11.01. The com
bined average price for the forty
representative issues at the opening
of the market today Is 90.99, com
pared with 77.79 one year ago.
It is stated in the financial dis
trict that ratlftcatlon by the Mexi
can congress of the agreement made
between Finance Minister de la
Huerta and the representatives of
the bondholders will mean first pay
ment of interest on the defaulted
bonds by January 2, 1921. Should
this be done, bankers are of the
opinion that Mexico's credit will be
re-established both In this country
and in Europe, and the dawn of a
brighter day will break for that un
fortunate country.
The new Mexican budget will pro
vide for considerable Increases in
the various forms of Income, as well
as drastic reductions in the expend
itures, leaving a wider margin for
the payment of bondholders, who
have made quite a concession to
| the Mexican officials, but In ths
I long run they will receive a great
deal more than If they attempted
[ to push their claims to the limit.
! Much credit is due to the skill of
the leaders of the American and
J Mexican finance in perfecting an
agreement which on more than one
occasion seemed on the verge of a
breakdown.
Today's new bonds offering ag
gregate about $6,000,000, Including
one joint stock land bank issue in
the amount of $2,000,000; one indus
trial and two municipal Issues.
The principal new offerings are
$2,000,000 first Carolina* Joint Stock
Land Bank; 5 per cent farm loan
bonds, offered at 102 >4 to yield
4.6# per cent; $1,090,000 first mort
gage 7 per cent convertible sinking
fund gold bonds of Gray and
Davis, Incorporated, due August 1.
19$2, at par; $1,000,000 Guilford
county. North Carolina, serial 6
per cent bonds, due 40,000 annually
from September 1, 1927, to 1961, at
prices to yield 4.70 to 4.86 per cent.
STOX? FOREIGN TON I
oreign BondsT
Tornlahed by W. B. Hlbbs > Co.
Bid. Aakef.
$4
Berlin 4's
Greater Berlin 4's
Bremen 4 *'s ...'
Coblens 4's
Cologne 4's
Dresden 4's
Dresden 4*'s
Frankfurt 4's
Frankfurt 6's
Hamburg $'s ...'
Hamburg 3*'s
Hamburg 4's
Hamburg 4*'s
Leipzig 6's
Munich 4's
German Govt. 6's
Krupp 4's
Badlsche Aniline 4*'s...
Allegm. Eleck. Gee 4 >4'a
French 4's
French 6's
Premium 6's
British Victory 4's
Nat. Wsr Loan 5's
War Loan 6's
Italian 6's
Notes 1926
Belgium Res. 6's
Premium'6's ..........
1*
14
1*
1*
114
14
14
14
1%
14
14
14
14
14
14
14
14
14
14
60*
80*
76
82
94H
24
2*
24
2*
?4
24
14
?4
14
$4
24
14
24
24
24
2*
$4
8
6t4
62*
78
84
96',4
90*1 92*
86* 87*
46*1 48*
70 | 72
74 I 76
Chicago Crain Market.
CHICAGO, Aug. 10 ?Wheat for
September opened unchanged to *c
hllgher at 1.O60-.O6*, while Dec?m
ber and Mav were *c higher to *c
lower. Trade moderate, with market
developing further weakness Immedi
ately after the start. Liverpool fu
tures started *d lower. Receipts
here were estimsted at 480 cars.
Corn stsrted * to *c lower for
September, snd * to *o off for
more deferred futures. Trade slow,
with scattered hedging pressure and
Isck of buying support. Receipts es
ttmated at 100 cars. Oats started
unchanged to *c lower, with a dull
and featureless trade.
INCREASE REPORTED IN
UNFILLED STEEL ORDERS
NEW YORK, Aug. 10?The
United States Steel Corporations
reports unfilled orders on t.s hooks
as of July 81 ot 6,771,181 tons,
against $,UK,I81 ions on June Ml
last and 4.IM.4M ton? on July
n. mm.
Curb Stocks.
(Fsralafce* ?y W. B. Wlhtx * Co.)
noon;
bid I Ask.
Aetna ExploslfSg..;
Allied Oil i t ?* I I ( *1
Arkanaaa Nat. Oh
Atlantic Loboa
Btg Ledge
I loo ne OU
Boston * Montana
Boston A Wyoming......
Caledonia ... .,.
Calumet A Jerome.
Carlb Syndicate
Car Light A Power
Cltlee Service (new)
Cltlee Service (old).......
Cltlee Service pfd
Commonwealth Finance..
Consolidated Copper......
Continental Motors J
Cressen Gold
Davis Daly
Dominion OU
Durant Motors
Elk Basin
Engineers Petroleum..
Eureka Croesus.......
Karrell Coal
Federal OU
Fensland OU
Gillette Safety Raaor....
Gllllland Oil
Olen Alden Coal..
Olenrock OI1 A
1 Guf fey-Gillespie ..
Indian Packing.....
Intercontinental Rubber..
International Pet. (new)..
Jerome Verde .?
Kay County Gas.....
Lake Torpedo
Lincoln Motors
Lone Star Oas
Magma Copper.....
Maracaibo Oil... ,x.
Mason Valley
Merrlt Oil
Midwest Oil com...j.
Midwest OU pfd....
Midwest Refining...
Mountain Producers
Nevada Ophlr
New Cornelia
[ Niplsslng Mines Co
ler. P.IP
North Amer.
Northwestern OU
Omar OU (new)
Pennok OU..
Perfection Tire J....
Producers * Refiners
Radio com...,
Radio pfd
Ray Hercules
s
IK
?
12
II
71
7
19
744
?I
17*
?7%
171
20
It
7
2%
7*
2*
UK
?
20
22
20
1*
, 14#
|222
4
14*
1*
10
40
4
20*
I*
?
21
2*
26
27*
21
1%
a*
2
2
205
14
16
19
6*
1
20
1*
<*
2
4
?*|
?*
?
14
1?
*0
21
62
1?*|
*7*
171
26
CO
a I
r1
21
1*
Ryan Consolidated 7*
Salt Creek Producing. ...I S(
Salt Creek (new) ] 16*
I*
8*
SI
12*
70
1A
Sapulpa com
Slmms Petrol
Southern Coal ? Iron.,..
Swift International.
Tonopah Divide....
Tonopah Extension.
U. 8. Light A Heat com..
U. 8. Light * Heat pfd...
United Profit Sharing....
U. S. Ship Corporation...
U. S. Steamship
United Retail Candy
Wayne Coal
West find Cons
Wright Aero
CHICAOO:
Armour Leather com....
Armour Leather pfd
Armour pfd ;...
Cudahy Packing
Ltbby
Swift * Co
Union Carbide
IS
8*
10
9
C
1*
1
2
12*
88*
29*
?1
1*
104
67*
1*
16*
224
4*
66 Vi
1A
12* j
43
4*
20*
2*
2
60
2*
20
22*
21*
2
9
2
4
? e e ? ?
14*
20
19*
6*
2
26
1%
? *
2
9
4*
2*
!5
? ? ? ?
?a
?*
26
19*
?1
lA
IS
7
12
10
8*
2
1V?
?
12*
27*
100
?J
104*
67*
Citrus Fruits in Demand.
NEW YORK, Aug. 10.?Califor
nia oranges at the opening of the
market today were In good de
mand at between $8.60 and 612.60
a box. California lemons were
somewhat lower, two cars selling at
22.20 to 24.76 a box. Seedless
grapefruit sold at 22.60 to |(.60
box. California Bartlett pears
[were firm.
Foreign Exchange.
NEW YORK. Aug. 10.-r8terltng,
demand, 4.46*; cables, 4.46*.
Francs, 7.9S and 7.96*. Llres, 4.61*
and 4 52. Marka. .0011*. Belgians.
7.64* and 7.66. Drachmae, 2.16 and
3 20. Bwlaa francs, 19.00 and 19.02.
Guilders, demand, 22.72 and 28.77.
?etas, 16.48 and 16.48. Sweden
kronen, 26.12 and 26.17. Norway,
17.22 and 17.26. Denmark, 21.49 and
*1 K?
GOTHAM TRADE |
EXPOSITION IS]
GREAT SUCCESS
Great Carnival of U. 8. Made
Goods Enters Fourth Day
in Whirl of Activity.
Bj JOHN C. KLEIN.
Cn??flHnn Nm Hvrrtea.
NEW YORK. Aug. 10.?Amid a
mad whin of buying and selling
on a scale to Indicate returning
confidence In the country s pros
perity and reflect improvement in
btlslness conditions throughout the
country, America** first National
Merchandise Fair swept into its
fourth successful day today.
Attempted for the first time In
Imitation of the ancient and annual
European fairs, the fair has al
ready demonstrated Itself a success.
More than 11,000 buyers from re
tail dry goods and other establish- _
ments In every section of the coun
try had registered by this morning,
while 15,000 In all are expected to
attend before the exhibition closes
August SS. The fair, which occu
pies ten floors of the Orand Cen
tral Palace, is held under the aus
pices of the National Retail Dry
Goods Association, in co-operation
with the National Retailers' Asso
ciation.
Thing of Magnitude.
The fair presents a larger and
more varied collection of home and
foreign-made articles than has ever
been gathered under one roof, and
has served to bring together for
the first time In the history of
American trade thousands of busi
ness men who are meeting and1 ex
changing views on selling method*
and the. problems connected Tlth
their own special lines.
Business is brisk In all depart
ments of the huge exhibition. New
customers are being won by firms,
'and old ones are buying on a much
larger scale than within recent
months, it Is reported.
Among the Chicago buyers are
U. 8. Grant, of Carson. Plrie a
Scott: William F. Johnson, of Man
del Brothers, and P. V. Bouterse,
of the Rothschild Company. An
of them declared business was Im
proving In their city and that the
betterment is expected to increase
greatly by fall.
C. H. Hurd, of Jordan, Marsh
a Co., Boston, said:
Booming In Boston.
"If anyone doubts that trade con
ditions are getting better, they
ought to visit Boston, tt Is true
the coal and railroad strikes are
giving a little uneasiness In some
quarters, but as every one known,
such troubles are transitory and
things will soon be on a normal
basis. The general outlook for bet
ter business Is excellent."
C. J. Glblln, of J. L. Hudson
Company, and J. 8. Meredith, of
EJdson. Moore A Co.. Detroit, were
both very optimistic concerning the
future Improvement of business.
Milton Murray, of O'Connor-Mof
fat Company, 8an Francisco. Re
ported that business conditions
there are not only good, but get
ting better day by day. His view
was indorsed by Miss J. Walsh, of
Raphael Weill A Co.
Liberty Bonds.
Furalsh*4 by W. B. Hlbbs * Co.
Prices a*, noon:
Liberty ?%?
Liberty 1st 100 90
Liberty Id 100.40
Liberty 1st 4%s 100.18
Liberty Id 4*s J??.4?
Liberty Id 4*s JJK'Sn
Liberty 4th 4*s.... 100.20
Vlctbry 4%s J00.88
Victory 100.86
- 1
Capital and Surplus, $2,000,000
IN MAKING
YOU R WILL
?be rare your choice of an
Executor or Trustee receives
due consideration.
TThe qualifications of a Cor
porate Trustee or Executor,
such as this company, are
experience, possession of spe
cialized facilities, permanency
and financial responsibility.
TRAVELERS' CHECKS
National Savings & Trust Co.
55th Oldest Savings Depository in Washington
Year Cor. 15th and New York A*e.
A Safe Deposit Box
Insures Against Worry
What about those valuable
/ papers?jewelry ? silverware?
. securities ? Are they safe from
fire or thieves? When you go
away IS YOUR MIND AT
EASE?
Several Box*a Now Vacant
Second National Bank
"Thm Bank of Utmost Service"
609 Serenth Street N. W.
I 4
fc

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About The Washington times. [volume] (Washington [D.C.]) 1902-1939

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The Washington times. [volume], August 10, 1922, HOME FINAL EDITION, Page 19, Image 19
About The Washington times. [volume] (Washington [D.C.]) 1902-1939