The Brooklyn Daily Eagle from Brooklyn, New York • Page 22

THE BROOKLYN DAILY EAGLE. NEW YORK, FRIDAY. JUNE 22 1923. Ml FINANCIAL. FINANCIAL FIX.YXCIAU THE CURB MARKET GRAIN IS STEADY; CORN AT NEW HIGH Babson Finds Majority Of Financial and Trade Barometers Favorable Industrials.

ground very rapidly. For the im mediate outlook this is an unfavor (Special to The Eagle.) Wellesley Hills, June 22 able factor. From a long swing noint of view these purchases abroad P.oger W. Bnbson was questioned today as to a concrete analysis of the business barometers that deter constitute a favorable factor. Eventually Europe can pay interest and principal only in goods.

Increasing Imports at this time tend to relieve mine the degree of our future the strain on Europe, wnicn is me weakest link in tha business chain Business and the itoek market today. have been suffering from psychological depressions during the past six "5. Exports: The export though better than 1913 or weeks," says Mr. Babson. "Many 1915, is not particularly favorable.

Although better than last year, 1 are expecting a repetition of the decline in 1920 in general activity, Wheat Closed to 1'4c. Advance-Lard Off 5 Points. A much steadier feeling prevailed in whmt, with some unfavorable crop while corn advanced to new high levels on a smaller movement. Wheat closed i to 1 i' cenl advance, corn to Vt cents advance, oats to cents advance, and lurd 5 points decline. The, wheat market opened active and firmer, advancing under commission house buying and covering.

Influenced by the larger export trade the past few days and helped somewhat by the strength In corn. July corn selling at new season's highs. Sentiment was mixed and receipts were moderate. The weather Southwest was reported clear and hot favorable for the progress of harvest. Hedging pressure appeared to De light early.

Argentine exports were moderate at 3,000,000 bushels. The weather was reported unseasonable In Germany. The proposition to have the Armour Company handle the farmers' wheat, which would create should still classify the export sit while others are certain that secur uation as one of the few unfavorable ity values are going to pieces. 11 is conditions. not at all hard to "6.

Money Rates: A business man gather such im can now finance his needs at 5 percent compared with as high as 8 per pressions if you cent which ruled during a part of listen to current comment 1920. It looks as though plenty of nd If and money can be available on this basis market gossip, for some time to come. we turn to the ac- I tual facts on the I situation, how- "7. Transportation: The situation is more favorable than it has been for several years. In 1920 there was a car shortage which mounted to ever, wo find things are not as bad as reported.

Let us examine )l 1 a peak In October. Demands at that Serving the Individual Needs of Each Investor time called for 147,000 more cars I nan were available. Today we are breaking all records in the number of car loadings. The shortage of mnr or less of a monopoly was freely commented on In the trade last fall has been practically ellm leading barometers of business. "1.

Prices: Commodity prices climbing rapidly reached a point almost 200 percent above nre-war lev Inated. There should be no Imme and led to numerous suspicions. There was a rather general commission house demnnd for a time, mih hnvlni hv houses with North diate serious congestion of freight "8. Waers: Wages have shown west connections and the latter, with an advance of 2 cents at Minneapo some advance, particularly In the building trades. This Is due largely to Immigration restrictions.

Wages In general, however, are much below the 1920 peak. Certainly there Is els before they broke In 1920. Their cresent Dosition Is only 78 percent lis and high temperatures Northwest, led to a heltef that black rust would be the next feature in the heat market. Reports Indicted that above normal, and this level nas heen reached by a moderate, orderly rise. Farm products are but 79 per less Inefficiency than there was at that time.

Any Incrase in cost due hedging pressure was light. At the cent above the 10-year average to wage advances will, of course As underwriters of a wide variety of bond issues, this House is a buying as well as a selling organization. Its knowledge of issues, from their very origin, on which is based the investment of its own money, gives real substance to the investment counsel available to Halsey, Stuart Co, customers. Only a complete bond organization, inspired by constructive House policy and great resources, can render such broad and yet such individualized service. same time, export demand was WHETHER as conservators of large funds with wide investment experience to guide them, or as working people seeking the safe investment of savings investors logically come to Halsey, Stuart Co.

Whether the problem is the investment of one hundred dollars or one hundred thousand, they get the same degree of attention. This organization is old in experience, but through years of growth and expansion it has kept its youthful ideal of serving every customer, large or small, according to each one's individual needs. handicap business. "9. Steel Production: The un rather nulct.

wa Arm on the dry. hot weather as rain Is needed In parts of the belt, but was Influenced mainly by filled tonnage In the United Stories Steel Corporation now stands at 7.000,000 tons compared with Rtorks. Salss. Hish. T.ow.

m. Am Col F'b pf 1 00 31.1 l'ifl 10 Armour t'o if i hrt 14 ha Hnrd.n's CM 5 117 lt' )1! Rmlgrp't Mrh 1 Oil 14H H' I 4 Hr lut Corp A 7ln la7. 1 T. Cnt Aq Sugar 111 IVnlrlf 1 7lin iai4 1 3 i 131. I'lmT 4:1 4.1 Chi Nipple.

500 4 4't chi Nip mo Chi SM Whl pf Jno 4 4-S 4S ClevBl rl Aulo 300 Isy, Cuba Co 200 36' Z't Curliss Aero 300 71. 7 4 Dubllier CB 500 7 7', 7 liirant 500 47 4 41 Puront Inil 100 1 1 11 11 Katun. 100 25 15 25 Equil Tr Co. 10 191 Jl 191 (lien Aid Coal too C.od.'hnux Sua 200 12 12 12 Hoy, ten rhem 300 1 1 Hudson Man. 100 0 9 9 tin.

I Man pf. 100 44 44 44 Inter Run 700 4'4 414 J. 50 14i, 14S 14 Tel 21 lost inns, Patterson Ba. 100 10 10 10 Peerless loo 3. 35 35 Prims (1 60 Kn.lio A ma I3.no 1, .1 P.illo pf 2J 8's 3', 3H Repettl Candy too 1 1 1 Sou ft JO 20 20 Stuta Mot S00 14H 14 14, Todd Ship B.

25 SI 11 51 Ctd Can.ly 500 5S 5S 5 H. 700 1 J-M 8 1, pf 100 Metal t. sou 55 60 50 Yel 300 130 130 130 Standard Oils. Ans-Am nil. 15 15 15 llalena 250 tt2 f.0 r.l IlllonH 35 159H S9 159 Imp till Cda 25 oi 99 lot Indiana Pipe 45 97 9t.

97 Interntl pet. 1500 14 l4 10 Magnolia 1'et 10 134 131 131 Ohio Oil 600 2 no fioij I'ralrl" oU 1.0 194 192 191 Prairie Pipe. 145 104'i l3i "4 'i Sweat Ta I. 50 79 79 79 Kansas 100 41 41 41 Kv 9S'i sh1-; 5114 lnil 60S i'i' 6" H00 37 37 'j 37 i Vacuum Oil. 24O0 47 46vi 404 Other Oils.

tk Nat Oas 200 6 IlarrltiKton. 200 10 in iflii Carlb 300 4 1 4 Cities H5 1 35 1 34', 135 Clt 8er cts 100 13 114 13 Creole Syn 1200 1 37 4 I'erhy Clll pf 100 3', 3'a 3i Kr.slnrs 5 5 5 Ped Oil MOO fil vilenrork Oil. '500 5 95 uuir oil Pa. 1200 5iv r.otj 6m Hudson "1000 a Hump 4 G. 400 30 30 30 inter Roy 100 1 1 1 Keystone R.M000 11 IS l.vons 300 7 R7 Marara 700 22'i 22'i 22S Marland SOO 3 2 2S Meitro Oil '25000 92 92 Midwest 10 10 10 Mount 100 II', 14 14'i Mutual .3100 104, 10V 10, Oil 100 10 10 10 rimir oil 'soo To 75 75 Peer Oil 300 2', 2 2 Pennock 100 12 12 12 Phillips 200 rri'i Red Banks, n100 4 4 4, Roy Cans 100 r.

l4 3'4 3i Hvan Cons 100 4 4 4 Salt Prod. .1000 1, 1 1KH Panto Fe Oil. 700 5 5 i4 '4 Sapolpa 100 21" Seaboard 1000 2 4 2 2 So B. '200 2 2 2 So State, 0112000 1 4 7, 13 Turman .....1400 73 fio ho est States. "2000 1 It 18 Wilms 500 6, 6s, in inc.

Alvarado Vin. 300 4 4 4 Arlaona 40 40 40 HHrher 5 4 4 Itlark Hawk. '9000 17 llutti' .11100 1 1 1 Cunarlo 100 1 9-111 1 a 1 1.4 Cand 0 11 nt Mines. 300 5 6 Cos Cop 400 3 2 c.rtez f.7 60 (17 tiavls Daly. 900 ja, 2', 2i i.rtitna 21 19 21 l.olrlneld "35000 15 14 14 i.oldrteld Kl'11500 02 55 il linldtleld 40 40 40 Holdtleld Orn'1000 1 1 1 liolclheld Z.

"13000 3 2 3 Henrietta SIIMtoo 15 15 IS Hill Top Nov. '700 75 75 75 Delimiter 300 124 12, 124 llld 'I1OO0 30 24 30 444 M'Namar 2 2 3 Mohiran 2o0 CI (17 S7 Natl Tin "3000 12 12 Nev Sil Horn'1000 1 1 1 Pore. 100 S3 63 63 Nlppisslns I0O rH 6i Ohio Cop 61 5S 61 Portland OldMOOO 31 31 31 Ray Herrtilra. 00 1 i4 11, Red Hill Flnr'iooo 4 4 4 St i ron 300 1 6-H 1 j.is 1 5-16 Snndstin Knd'3000 1 1 1 Sallda 500 50 (11 SO Sll Dv tl2000 5 5 5 SHMnes 1( Slher Plrk. .6000 5 5 5 Kpearhd llld'25000 23 20 21 Te.

Hushes. 500 Tono 62 51 jl stop-loss orders in July, that de 000,000 in 1920. The present level livery selling up to Me. a new- season's high. The country move is very satisfactory and shows that buyers are not pyramiding orders but arc following the conservative ment continued light and there was no important pressure of fresh coun try offerings.

I'rotlt-taklng was on a liberal scale on the upturn. policies. "10. (Jold Movements: Tho Increased imports probably will neces The ats market was firmer, with light offerings, helped by corn, wltn sltate some movement of gold from moderate receipts and mixed crop this country, but our present re reports. serves can stand It easily.

In fact, Ihe tremendous gold supply which sL-r Aft The rye market was moderately active and firmer with wheat, on buy really does not belong here Is a con slant temptation toward Inflation. ing for shorts, and with less evi dence of liquidation. Export Inter est was small. 1900-1 910 compared with the Inflation of 250 percent in 1920. There is nothing dangerous in the commodity situation.

There is certainly no ground for fear of another decline fuch as we suffered during the year beginning 1920. "2. Failures: Contrary to popular belief a minimum of failures Is a bad sign, while a large number of failures show that business is cleaning house and points to better times ahead. During 1919 and early In 1920 the percentage of business failures ran at the lowest level reached since they have been recorded. Both number and the liabilities, of failures at, present are running heavy.

This, together with the liquidation of the past two years, is pretty good evidence that fundamental business conditions are growing more sound. "3. Credit Conditions: At the peak of the recent boom the national banks had over $12,415,000,000 out on loan. Today thev are loaning a little more than 1 1.500,000,000. In 1920 they were borrowing heavily from the Federal Reserve Banks and were straining all reserves to the limit.

Whereas their discounts were $2,827,000,000 in 1920, they are today borrowing hut $730,000,000. Money Is plentiful. Reserves are strong. There is no danger that hanks will be forced to cut down loans and slow up business In order to protect their reserves. "4.

Imports: Though not as great as in 1920, our imports are gaining "11. Ririldlng: The combined greed of worker and employer In Ihe building trades has set the What Makes Thorough, Competent Investment Service? Knowing how to appraise investment service is largely a matter of knowing what to look for behind it. We have an interesting booklet on this subject not so much a sales booklet as one of information that is valuable to any investor shall be glad to send it withoiit obligation. Write for booklet E06 brakes on the building boom. From the point of view of Immediate volume of trade, this Is an unfavorable factor.

From a long swing point of view, nowever, it is not at all dis couraging. The Industry was rap idly becoming Inflated and the slow-ing-up process merely postpones the necessary building to a time when C.h Markets at Sew York. WHBAT firm Stsaily No. 2 red. fob ifloat 131 1 30 4 Kb.

1 Nor. fob tflott 132 COH ttaarir Firm Ko. 2 yellow, kiln dried 108'4 104 OATi Flprs Qu No 2 whitt 54'j iA ItTB Flrn St. fly No 2 fob Afloat 7S 7.V FLOCR Qult Cju'st Mionmots Pattnt Lfl 8.20 Winter Strsiiht 50 Qul't Qulst Trim Western 11.55 11.60 FORK Nominal Nominal Old Ilea 2Jj 25.20 it will be more needed. "It does not take a statistician to total our score.

A few of our barom eters may be considered unfavorable, The majority are not unfavorable General business," concluded Mr, HALSEY, STUART CO. INCORPORATED Babson, "is in a healthy position at about 1 percent above normal. The figures clearly indicate good busl ness tor tne most of 1923." Futnrr Markets at Chicago. 14 Wall Street. New York.

Phone Rector 6340 New TORK PHILADELPHIA BOSTON DETROIT MILWAUKEE ST. LOUIS MINNEAPOLIS First B'sh- Ixw. L.t rr.Ttom MASSACHUSETTS OIL CHICAGO Ml Ml MIS Mat WHFAT REORGANIZATION PLAN BOWERY SAVINGS OPENS NEW HOME intii, io4 I05-; M4 Frpt Id 104 107 1U7' i 108 CORN BANKS. BANKS. BANKS.

f3 Boston, June 22 The reorganization plan of the Massachusetts Oil Refining Company calls for the incorporation of a new company under PULLMAN PROFITS 7H Will Begin Receiving Deposits at 42d St. on Monday. t7 Ml', MJ IN', til 4 tS 41', 44 41 1-14C. A PASSENGER Massachusetts laws with an authorized capital of $5,000,000 first mort M': 7 OATS July rpt ic A substantia! citizen from the gage 10-year 7 percent guaranteed Bowery, with resources of 37'', 37 4 gold bonds, $5,000,000 6 percent cumu 78.000, will become domiciled In si 39 3I'l4 Each Car, Records Show, Earns lative preferred stock and 75,000 Park ave. next Monday, when the shares of no par common.

Bowery Savings Bank will begin re. ceivins deposits In Its new branch The company will sell $2,500,000 of 12c. a Day. It is ordinarily believed by those nited F.astn 1500 1007 1100 1102 1120 1122 1127 I onttnt. Mono LAUD July JO 07 11 02 Sept II 20 11.

2d MBS Jul) building at the southeast corner of nity son its first mortgage bonds, which will be guaranteed hy Cities Service Company for purpose of nrnviriine snh. 3 41 Park ave. and 42d across the ah 3f- 1'4 travelling In Pullman cars that the company's earnings from this serv 40 1'. 912 9.K Yukon Gold. street from the Grand Central stantial amounts for permanent addi 1 4 lloillls.

I 1M ice are exceptionally large. Iacts tions ana tor working capital. compiled from records of the fiscal Since its organization back in days Alum Ta 31. Am Cot oil la Am Rol kh 92 Brooklyn Three Irving-Columbia Offices, in three important centers, place' Rankincr at the disposal of business men and other residents of Brooklyn every banking and trust service. Service Each office is a Neighborhood Bank, equipped to meet all local business and personal needs.

Its fcfficers are intimately acquainted with Brooklyn conditions; their judgment is supplemented by that of Advisory Boards composed of leaders in Brooklyn's business life. And each office has behind it the facilities and world-wide resources developed by one of the great commercial banking and trust institutions of the United States durng more than seventy years of national and international banking Irving Bank -Columbia TkusT Company year ended July 31. 1922, tlo not when the northern residential limits OIL CUTS AFFECT DEMAND FOR PIPE The now reduction In rruda oil In substantiate, this belief. Records ere at Hth st and Union Square Am Tel 6s 24 Anaron 7s 29 COPPER MARKET Some consumers who were bidding 6s. for the period show that, Pullman owned 7.674 cars with the average wits the center of fashion, the Bowery Savings Bank has had quarters nil 102', 9'1 Ana A the I'cnnsyhnnix field is 1 ipected to in buildings at 129 to 130 Bowery, As II (i, Ar a Co All (I li.s number operated monthly Earnings per day for each car owned amounted to only 12 cents, rosiilt in iinnthir fklllnn off in buy 14 and Into on Thursday today advanced their bids to 15 a pound delivered.

That price was quoted by some smaller sellers on and thoiisanas of depositors living iiir; of pipe nd other oil country 99 1004 12', 101 S7 79 107 99 H7', 9 91 9i P'aier HI is Rf'h St 7s 35 at great distances have continued tu come here to deposit their sav goods. I'p to several months ann there wits tremendous demand It K. 7 Ko, 5s nt Steel fcs moderate lots, but leading Interests held firm for and believed there ings. Business will continue in the old building at the Bowery and specially for pipe, hut with the flrst while, earnings per day for each car operated was 16 cents. The average number of passengers carried in each car was 14 and earnings per passenger, 1.14 cents.

Pullman has been taking on some good business recently for automobile irand the new midtown ouar- should bo a resumption In buylns f'S'a "2 "TV "1 7 1 ins Hi7 99 ft I'M ion 9S I'M 9T IMS 91 '4 97', 11 97 'i pedtirilon In prices in Pennsylvania, followed hy cuts In mid-continent and other fields, buying became ers being for the many among the hsr Iron Hies 7s I) hie p. on. Te fcs. tur uuiucsiic account shortly. 99 1 07', 92 9rt 100 09', 9 9H', mialler.

bank's depositors who will find the Grand Central location more convenient. re tf Co 71, a bodies of better types, rnis depart I Apparently there Is no great hurry PITTSBURG BANKS MERGE Flatbush Office Flatbush and Linden Avenues Brooklyn Office 350 Fulton Street Hun TAUT. II ment has been in operation for 3 vears and is turning out both open Consideration of a midtown Bow 91'j I'll Blitiut constructinif new pipe lines now tipciiuse 'production of oil Is in KiiEr Is 2 Tittsburg, June 22 The People's ery Savings Bank was begun nine and closed bodies. Possibilities of Sua fin 3.1 i Savings and Trust Company ab excess of consumption und has heen earn ago, when one of the bank's nhr :4 la IncrraslnR steadily. this plant will be increased when work is completed on Calumet Har sorbed the rtea Kstate Trust Com 97 1 Ki.li S7 in Hh Hv a officers.

William E. Knox, now presl dent, was among the first to per New Wreck Office New Utrecht Avenue at 53 rd Street pany of Pittsburg with beginning of bor. Near the close or May. Pullman received an order for 600 sedun bod However, one result of the nt situation may be a nuylnic movement for tank plates, and some steel alalia (I 7m n.ral I ha 1 eelve the probability of a second great banking center 111 the citv, and I on 97', 0 ousiness today. The.

retiring institution had capital, surplus and llnn.l Huh 7a. 3 1 I ies from Moon Motor Car Company. Ml', -in M'-. I. 7.2 proms ot Ji.uno.nno and total re Pullmans passenger car depart began a series of annual surveys which confirmed his belief.

Sale lnieresis an- looking forward for an Improved d. mand for this sources of over $8,000,000. Msnltnha I'w 7.11 Manll l.a 7s 1: ment is running about 90 percent of putfluci. by the city of the site of the old Mfitris t'o capacity but the freight car depart Grand Union Hotel gave the bank ment is operating at aooui on per FINANCIAL. FINAIVCIAti.

FINANCIAL. Phil Kla- 1 II Its opportunity to obtain what 11 cent. IOXDOX XF.W FINANCING. London, June 22 the Tokyo, lulMra Pi iu.ij RUBBER CONCERNS considers the Ideal site in New lork for a savings bank. Japan, Electric Company is expected 100 1, 0 he Bowery Savings Bank had Its Pun Hr Kl hk 7a Miawahfn 7s lvay f'l.

Snu'h K-l to issue shortly 3.000,000 6 percent, EXCHANGE STOCK ThrouRh on exchange of common L. I. PRODUCE origin Jn the desire of a group of JOMH a.MAHONCV, C.R. jllTt or N.V. probably at around 94.

puiiiic-Hiurnen men to prevent a re stock the HodEman Kuhber Com There Is some talk of another In- currence of Ihe poverty and dis ACCOUNTANTS-AUDITORS ENGINEERS INCOME TAX MATTERS CERTiriED FINANCIAL STATEMENTS party has acquired 50 percent of the terestlng foreign loan later, and also tress that followed the cholera epi '1 7 .11 8 "a 17. IS li 7s .11 HON 7s Jo. .11 il tl Sulfl I'n 100 1, 10 11, in- io: 91 91 I'll', I "9 domic of 1 832. To dovcloii habits tOiig Island and nearby fresh of the private placing of an Indus common stock of Paramount Kubher tl trial issue. or tnrllt among the workers in the i IM NASSAU STBItT.H.Y.CITV.-aKSMANMSt I'nnaolldaled.

Inc. The Paramount 91 green vegetables were In moderata sjpply this morning at Wallabout Bowery district. II was decided to 1 iiii.1 ri pii mi I'll 1.) Hsv owns a number of patent covering 9' organize a savings bank. This was llurn (Ml 7 II Square and other farmers' and Ill I I'll' IOJ'i the manufacture of hollow rubber N. Y.

Allt WRAKE DIVI done in 1834. and In the he Valvollhe 7s. ln3 wholesale markets. 'Ihe bulk ot gnodKs, lncludlnif that under whhh DFN'D. ginning deposits were received two nlubts a week In a corner of the I'nrrlen llnliiK the offerings consisted cnieny ot r-pairilng tennm halls are made New York Air Brake declared a Klnt ihM inn, loni- Butchers and Drovers Bank at 126 bunched vegetables.

The weather special dividend of $1 a share on M.il.n Hint Manufacture of articles formerly car ried on by Paramount will lie con Bowery. has curtailed the demand for most common stock, payable August in ln.na BONDS A. MACK. KENDRICK 26 t'Ol RT HIEOOKIAS, V. TFX.

TRI.XM.I AMI OltKKKI'ONMKNT CLARENCE HODS0N CO. KST. HIM iintieii at tne luekuhoe, w. plant offerings and prices with very few- isa.au tll i ms li.tvl tms psr shsrs. Two years Inter building at 128 Bowery was purchased and occupied stock record July 9.

The last nav exceptions showed a oownwara ment on the old capital stock prior hy trie hank. In lS.ii a new build or. nmpany. EXTRA DIVIDEND FOR to reciassittcation was 1 percent in tendency. At a late nnur consiu-erable stock remained unsold, which Ing was erected on the lots at 128 script on Sept.

an, 1921. and 130 Bowery, and In 1864 this LONDON MARKETS was being offered aat eaennecu figu res. building was enlarged. The present structure in the Bowerv. designed I.nnilnn.

Juno 22 Dnlliir sn uriiioH PROCTER GAMBLE Lettuce met a very active ne-nand and prices steadily advanced hy th late Stanford White, was slionrri lirtlpr Inn mi the Slntk TO REVISE COAL I'nrrotit Per bunch, 'Ja4r. I 1rV I'T hinii'li, 3 4t Cal)bitge-IVr head, 'bfst, Cincinnati. June The Proct erected In 1804. hxi-hmiRr un Imiirnvnmpnt In Hie small, during the early morning hours. Gamble Company declared an cv fin one day recently $1,503,000 Now Yurk niHikct yontorilny- OIIh was deposited in the Boworv Savings some sales of fancy, well-headed stocl: bringing as high ns $4 per crate.

Grange County sold from cro firmer. Iltiyal Dutch wh 30 RATES IN WEST Bank bv 3.512 persons. This con tta dividend of 4 percent on common block, payable in common stock and the usual quarterly rash dividend of Shell Transport IP, Bnd trust" with deposltH totaling $2 to $3.50 per ci'iuo. l-'nuli 1 3-1 1. Hume mils were al, by Tin persons the night, the bunk Legal Investment for Trust Funds in New York State A.

I. Namm Son Brooklyn, New York First Mortgage 6 Sinking Fund Gold Loan Due June 1, 1943 Price 99 and interest Yielding approximately 6.10 Six Salient Points: 1. A. I. Namm Son is the third largest strictly cash department store in America.

2. This loan is secured by a first mortgage upon real estate, buildings and fixtures, having valuation of $7,556,017, and in addition by the general credit of the Company. 3. Net tangible assets: $9,806,801, equivalent to $2,802 for each $1,000 Certificate of this Loan. Net quick assets: $2,195,784, of which $1,103,738 is cash.

4. Earnings for the year ended February 1, 1923, were y2 times the maximum interest requirement. 5. A sinking fund provides for the retirement of $100,000 of these Certificates annually, or over, one-half of this issue by maturity. 6.

Application will be made to list these Certificates on the New York Stock Exchange. Circular upon application for E-l R.F. DEVOE COMPANY Incorporated 67 Exchange Placa New York Telephone Rector 5800 Green peas ot lancy quality aim 5 percent, both payable Aug. 15 was lit the Bowery 83 yean hunoli, $hv, mm. Knlti 1 Meotch 1 Per wlnt lutrrel.

$1. Coal. 50. I Vpv biin-'h. 4.V.

l.ettucp- Per rmtn qnnrtu), Viest, (3a fmiov, J1.7f.fl 4: nrdirmrv, On1rn (uprtnjr Per bumh, 3a4c. Phi wiry Per bunc curly, Par. Hy-mihH. 1n-'. Pphs Per bug (bunhph, hRt.

fancy, j4.r.n4..rii; ordinary, RmllnhM" Pr bunch, rrrl tin. whit Un, while ratllnhea. 2a3Vc: Argentine mils hmcrnl nrnund cent liiws. in good condition sold rcauiiy ai well sustained prices. airo.

Hesniirccs have grown from slock record Julv 14. The regaLi ttuarterly dividend of 2 percept Washington, June 22 Revision of Western freights rates on coal from Cauliflower, especially ordinary fi r. T. 1 on 1. 1835.

to $202,778 moa on June 1 'ast. l-'rench InHiia were firmer un lin the 8 percent stock was also declan I mines In New Mexico, Colorado, Movement in the Parts market. Knf stock, was practically neglected, and nrires showed wide range. payable July 14. stock record The new buMdlng at Park ave and hra asrs (lull.

Iltihtier isnuch were Wyoming and Montana, was rec 42. 1 st. Is 16 stnrlea high. It Is The demanti lor aaparaKUH -blMi-k rflfilphca, 4nfic. t'ulitiy mi weakness in Hie Htapl ommentlcd today by the Interstate in design.

The main so limited tnai me uiiirnt-i in InniiHtriaiH mi tne wnoie m-rc irn-k floor banking room Is on of the Commerce Commission. No order ular. hut nailers ahuvvcfl nttuc eral was very dull, with prices verv irregular. The warm weather BANK OF GERMANY was issued, but the Commission gave has seriously aiiecteu nn- i oik'. the rallronds concerned 90 davs Berlin.

June "'1 There was an In Kninach declined, owing to the within which to file new schedul crease of more than 1. 596. 526.10" pttence. Ftio Tlnto as Ilu.l nn flay In the mam inarkeis were straihei with trading un a mall scale, mo! nf It being week-end repurchases hv recent sellers. Rliuhnrh Prr buni-h, 2n3r.

RomHln' Pm- rnUo, "fie.Hil.2i; pr lt batTPl, icotir nt-ass, per eri (S3 quarts). nrltnary, Spinach Per crate (32 nUHrtm, hput, l.J.'i; nnlinmy, 7.V. Slravvhorrlrn Prr quart, houl, Vh3. fmicy. tew wi If, onllimiy, 'Oni'iV, TomalooM Hothouse, per pound, funey, White turnip Per hunch, 4r.c.

marks In note circulation of the state Most of the alterations projected are Intended to give producers an very limited demand. Some Orange Counly slock sold nt from $1 to $1.25 per 5-peck hamper. The did Dominion Steamship Hunk of Germany tlurlnir the wee equitable rate to markets where the ended June 14. Tola I nolo drrula coal of their competitors in othe handsomest and nmsl commodious In the city. Tho walls of the banking room are of variegated limestone, tolersriei sod w'th blocks of the same Ohio sandstone of which the facade is built.

Columns noalnst the walls ire of colored marbles and pnnels tieiween them of mosaic left rough and unpolished. W'ln-lows are 27 feet wide end head 46 ''ot ni'ivc the floor of the mnm. Tbe rolling Is decorated In color. Victor A. I.ersnoe of -eicil I fornterl controller of the WI'Mams-i iirrh Bank.

Is vice presl-d rt of the Bowet-v. Dine brought hy boat from Norfolk. Vn 1,900 cruten of cabbage tlon is now marks, districts Is also available. In gen oral the Commission held that th a new high record. The report follows (figurr marks, last (Kin omitted I.

GOODYEAR TIRE REDUCES PRICES level of rates now charged bv rail roads in Montanna are not excessive, June considering sparse population and 14. 51.1.125 67S.SKI Coin Hold BUTTER. EGGS, POULTRY Ncarhy hfnnery white Kxlra flrt, new "flurn, fllliM nnt flat, 37a4lc. (Irata, new, extra flntt, 30a 33c. under grades, NfHihy gnthfrtd hltoa-FlrW to extra.

2713r. lower, 24a2ft Hennery browns Ktxra fnnev, 2Sb33p. difficult operating conditions, while some of the rates charged from New (iold with for- lesn UO032 Mexican mines to consuming terri tory are too high. The Commission also decided that TreHSiiry i-eitlfi- eates Notes other hanks 731.1:9 rhnks. I.OADIX'iS IN- Wt alern atheril brown Kxtra, proposals of Colorado operators for the bulk of which did not realize transportation charges; 6,100 hampers of beans, which sold at from 50c.

to $1.25 for green and 75c. to $1.25 for wax per 5-peck hamper. Dong Island hunched carrots and beets are being shur ly competed against hy llbeml' supplies from New Jersey and Virginia. Strawberries from Dong Island showed wide range In quality and condition. The demand war moderate for fancy large and some sales were made as high as 45c.

per quart, while ordinary bcrrlep sold as low as 20c. Aspsraa-iis Per rlnzsn bunch, ivlilts snd K't'in. lirttnt. beat, fsnoy, inns, Bests- I'sr nmi'-ll. 4n5e.

raullflnwt-r-l'or slat Itarrsl. heat, $2. 25a No. 3, 1.2ial.5t. extra nrt, Kecelpia, Philadelphia.

June 22 l-'nr the ilisrounts 0 4. 619. 167.16) tho establishment of distance rates on cmil are impracticable and that present rales from Utah mines to Treny. notei. nmtcr.

wick i inil June 16 revenue freight .10.426.602.1.09 S.41S.39 illHC. points Wast arc reasonable. Goodwnr re il. In Is r.otiftng dialers It. at prices Willi li will lie taliU iiiiliilllle on tiri-n anil lulu a ill In- rt a in a li da and Hint liny Will be efTV.

live iis of Jun' 1 I. itli r. r. bates. This mi ans that ne.ilt rs will nt-rue li tales tontinii ti illttirritie In Iwfcn nt iititl old prlies on all Un a till.is it: I iliO a pi tor to June II.

fraaniety Hlfih grade, HlHinlflc. extra, score, lower, 34a3rc. Receipt, tar loadings of the Pennsylvania I II mail were 179.16 1 cars against The decision, the Commission said I41I.SI3 for the same week In 1 will "serve lo Indicate changes In JflO. 000,000 of general mortgage 5 percent gold bonds, series C. MUTISM INDI'STKIKS POOR.

London, June 22 I'oor trade report from British Industrial centers has resulted In a change In the tono of Industrial markets. noutiikhn railway. Washington, June 22 Tho Interstate f'oninirri'P Commission today authorized Ihe tlreat Northern Railway Company to procure authentication and delivery lo Its treasury 28 VttD, Poultry. fowl Five nounda and under. 21n32c.

the rate structure that Room neces From Jan. 1 to June 16 car loadings Advimri'S hj.7l7.07i 7.l'.l.';i.. ln eHtlnenlr. 461,159 other o.iuilties 7 12.954. 7 1" Nell's.

I'lliulh- lioii io.9o:,.0!ii.t'i ii 1 CreUlla 72MV2.3 poalis 5, 1 13.2ai. '3 11 1. i.iir.'.u.iji sary, leaving the minor adjustments or rrvtnue freight were 3, 875, 81 2, against 3.1": cars for the nitino four pound and under. three pound In the rates to be worked out by nr. unaei, two pounui na unaer, the railroads.

te nod ml year. i.