The Brooklyn Daily Eagle from Brooklyn, New York • Page 20

20 Ml THE BROOKLYN DAILY EAGLE. NEW YORK, WEDNESDAY. JUNE 27. 1923. HXAXCIAIi.

nXANCIAI. FINANCIAL. BERLIN SPECULATORS THE CURB MARKET LONDON WOOL PRICES OFF 5 TO 10 PERCENT WHEATATNEWLOW; CORN ALSO DOWN Safety-and Safe Interest Rates TO the conservative June or July investor, the current Straus Bond offerings hold out sound, attractive, and well diversified investment possibilities. First and foremost, they afford you Safety'-intrinsically sound by a record of 41 years without loss or delay in payment to any investor, selected and safeguarded by the largest, most expert, and most thoroughly equipped organization of its kind in the United States. Safe Interest Rates 6 to 6, the largest rate on first mortgage bonds under present conditions consistent with conservatism and real safety.

These bonds are secured by properties diversified from the Atlantic to the Pacific They are in $1000, $500, and $100 amounts, and are offered in serial maturities from two to about twenty years. JVVrite today for June and July offerings. Ask for BOOKLET CT-953 STRAUS tSc CO. Industrials. inn is i.

Lesth. A stores Co Arm Co pf. Bold Mlk. Hkln Ct lly Hu.I.Iv Hurt. iVnt Ter Sug On I Pin 15'.

21', ft 11S l. 1 1-16 77 14 4 3lt 17S 26 4ii 3 85 44 97 245 (ill 11 4 13 21 63 10H 32), 5ft 1-16 49S 144, 1H, 4k 141, 91 174 13 59 14 141, 3 1 I'l Si's 441 us', 214 2(1(1 1164 4 jnn 1 1-lli 1 1-16 2 "ft 14 4 l4 1', 4" US 14 Oh! 44 i ni Mp a -fin Col 41 t'om Pew Co 20 3 14 26 Ion Sto Cilha Co Huh lJurant Mot. Klec BAS pf ('111 8 '11 AM Coal 44 lftft T5 1(10 35 7S 2ftft 36 61 4 9 44 97 253 64 11 (inoiivr Tire Hmlson Man. 100 Inter Rubber. I.tiCPv 1(1(1 Mldv'ale 4" Mies II) 9 4 (, 13', 21 53 inS 32 5ft 3-16 fft 14', 1H 4 14 9l, li4 5ft 54 IS 14 H4 21 53 1(184 '24 so Nat Supply.

Tel pf. Peerless Mot lftft 125 lftft Prima 200 Radio Am pf Todd Rld. 50 Reo Mot T. Roamer Mot. 'inn Rosenb Grain.

10ft Bluts 20ft Swift A Co. 7ft Swift ion Tenn El Pow lftft Todit Rldg. 5ft t'nltecl C. Sftft USI, 311ft 8 pf lftft Younir Hats. lftft West Feed.

14(1(1 I 314 49V, 154 1(11, 454 144 94 174 13 4914 4 14 14 34 63 3'1 97 94 154 1(14 61 147 111 176 94 111 14 86 614 37U Standard Oil: An. Am Atl Loons lftft liurkeya 25 Huh Ref. lftft Imp o. 255 Ind Pipe 20 Inter Pet 3111 14V, 3 S3 3D 9fi 9 114 i "4 3ft 91 94 161, 104 fill 147 17 5 45 4ft 1, 64 Trans lft 1H4 lift Ohio Oil lftft lft 6ft 15 3ft Pral O. exd.

Pral 147 102 175 9 4 '114 57 551, 371, 2sn Solar South 1.... Oil, OH. una 1411)11 4ft 8 Oil, lnd. OH. Y.

8 Oil. Ohio. cuum Oil Sftft 4, Other Oils 454 454 Ark Nat BaiTlnston lftft 61, 94 '4 133 70 51 S5 10 3t it 14 76 2fl 51 2 4 54 9ft 61 14 14 9 14 Oft '4 114 9 4 34 133 14 614 95 10 as 15 14 76 2044 SI 24 54 9ft 61 14 14 4 14 60 70 24 114 274 34 4 9 15 4 5 4 24 5 16 64 64 14 9H 14 135 13. 3" 75 5214 95 1 ft 15 It 75 21S 51 2S 5 4 9(1 51 14 144 Id 14 5ft 4 9 114 Card lift I'anh Cities fin Cit Ser cts. ton Creole 211 Glenrork Ciulf Oil sun Harris Hudson "4000 Hum G.

lift Key 3ftftft r.afavette OH lftft I.lvlngatn Pet. 'lftft Mararbo Oil. ..37110 Margav "inn Marland Max. lftft Mex lftft Mexico Oil. Mex Pan lftft Moun 511ft Moun 51ft Mutual 01U.

2ftft Noble Oil. Noble Oil "lftft i imar oil 50(1 Peer Oil Pennork Oil. lftft 20ft flftft 114 34 4 15 51. 24 3 15 66 64 Phillips Pete. Royal .1100 Ryan Cons.

10ft 2(10 Salt Crk Cons Salt Crefk Prd 9ft(l Santa Pe Oil. Sftft Sapulna Ref. 3(1(1 Seaboard 1 lftft So ft So States Oil. nftft Turnian Ktft 15 4 '64 Wilcox Oil .1100 Mlnlnff. rlso Olohe.

llflrher Ext '7110ft Rost Mt Cons'lftOft Butta A Wes( 2ftft 39 4 15 1 16 14 7 54 65 34 2ft 13 63 9ft It 4 33 39 4 15 1 16 44 24 66 34 21 13 54 9ft 114 34 214 24 4 15 1 16 14 7 Calumet ft Canarlo Cop. lift C.indelnrla M'lftftft Cont 200 Cons Cop M. 1 on Cortex Sil 7ftft Craokerjark 200d Cresson Gold.40ft 34 21 14 62 SO 114 34 2 4 24 4 6ft 13 64 3 53 24 14 6 1 5-18 9ft 19 14 52 14 14 22 314 91 274 Fortuna ...11000 ri.31ft1ft Coldfleld Hill Top Nev.5ift riolllnKer 110 Ind Lead 3100 Verde Dlv 10(1 Krrr Ijike. loo IC-wnnus Mohiran 700 55 12 64 7 4 24 14 4 1 5-16 9ft 27 19 14 SI 14 314 91 274 Vatlonat Niplssinir Mns 5(1(1 Nixon Nev. fiftftft 13 5 44 3 52 24 14 4 1 5-16 9ft 27 19 14 52 14 14 22 31 '4 91 274 Ohio Cop.

Premier Gold, lftft Ray Herrules lftft Red Hill Flor60ftft St. Croix 310 Sabida Spearhd Stan OH Teck HuKhes. lftft Tono Soft Tono Kxt 301 United Eastn 30ft t'S Contlnenl'lftoo nlted Verde. 20ft west End Con'fiftft Yukon Alaska lftft Bonds. (ftftlt omitted.) Alt Pack 17 Alumln 7s '33.

.1.1 Am Cot Oil Hs.lH 61 6(l 41 104 lft6 914 814 116 924 ISTABLISHID lS8l OFPICra IN FORTY CITIES STRAUS BUILDING-565 Fifth Avenue-at 46th Street Telephone Vanderbilt 8500 41 YEARS WITHOUT LOSS TO ANY INVESTOR It I'll W. S. Inc. i American Trust Company i i 209 Montague Street Brooklyn 37S Fulton Jamaica 135 Broadway, Manhattan EVADE TRADING EDICT fBv Wireless to The Brooklyn Emle and Phtln. Ledger, Copyright, r.12.1.) Berlin, June 27 Both business men and speculators ere busy Tues day and yesterday evading the Ad.

ministration's order restricting trade in foreign currency and securities, which was Issued Saturday. Many spent Sunday laying illegal "pipe lines" to the bourses in Amsterdam and Danzig, through which they now are able to conduct their speculative operations without regard to the ofn rial rate which the Administration's order expressly makes the only one on which any transaction by a Gcr man citizen, here or abroad, involv Ing foreign values can be legally based. One of the most popular "pipe lines' through which business men are drawing stabilized foreign credits to rarrv on their business Is by long distance telephone connections with the Danzig Bourse. Large buying orders, given here, are being executed in Danzig. Newspapers are carrying advertisements in which of fers are made to establish foreign connections for dealing in the for bidden credits.

DIVIDENDS DECLARED Commercial Solvents Company Initial quarterly of 2 percent on pre ferred, payable July 1, stock of rec ord June 30. Illinois Northern Utilities Regu lar $1.60 preferred, payable Aug. 1, stock of record, July 14. New England Fuel OH Co. Regu lar quarterly 5 percent, payable July 2, stock of record, June 27.

Norfolk Western Railway Reg ular quarterly of $1.75 on common, payable September 19. stock record August 31, and 11 on adjustment preferred, payable August 18, stock record July 31. Delaware. Lackawanna Western Coal Regular quarterly 2ty percent payable July 16, stock record June 30. Pennsylvania Railroad Regular quarterly 1 percent, payable Au gust 31, stock record August 1.

Pennsylvania Company Regular semi-annual 3 percent, payable June 30, stock record today. L. I. PRODUCE Wallabout Square and other far mers' and wholesale markets were liberally supplied with most varieties of fresh green vegetables as well as strawberries from Long Island and nearby sections. The demand was moderate for most offerings of bunched vegetables, while cauliflower, lettuce and romaine met an exceedingly light demand, excepting the fanciest stock.

The market and prices in ronpral, with very few exceptions, L-howed no important changes since yesterday. AsnaraKiii Per rtozen whits and green, prime, best, IU.50a2.T5; fancy, culls, 7f.fa. Beetar Per bunch, bent. fancy, few tmle, 75c; ordinary, 4n4Hr. Cauliflower Per slat barrel, best, $2.

50a fancy, 3a3.25; fair, No. 2, Carrots Per bunch. 3a4c fancy, few aaltd. large itock. fa6c.

Celery Per bunch, best. 3a4c: amall. 2a 2V- Cabbage Per head, white, belt, 7aSc; fancy, few sales. 1V. ordinary, 6a6c.

per slat rrei, neat, ii.tnaz. Kale Per slat barrel, few salea. SI.2-V Kohlraliles rer bunch. few aalea, be. Per bunch, best.

4a6c. ordinary. i.etture Fer crate 13s rjuartit, nest. ia 1.2B: ordinary, BftaTfic; poor, low aa 25c. Onions Pr bunch.

fancy, 4')afir, Parsley Per bunch, curly, 3a4c. Hymlch.i, "a.V. Pea-Pr hag (bushel), best. fancy. fair, ordinary.

Radf Rhea Per bunch, red and white tip. beat. 3a.Tjc. fancy. 3i4a4c; ordinary.

2a2Aic white 2a4c; black radishes, 6arV. Khubarb Per bunch, few gales, Flomalnp Per crate (12 quartsi, best, 7Hc.a II; ordinary, 40a60r pr slat -barrel, best, ordinary, Srhaff (sour grass) Per crate '32 best, fancy. ordinary, l.ofl. Strawberries Per quart, best. 2SaiWe.

fancy, few sales, 32aSrc. ordinary, lfa20c. Spinach Per crate (32 nuarts). Savov, Tfie.a Jl; fanry, Sl.25al.50; Ne Zealand, o0a75c. few sales, $1.

String beans Pr bushel bag, green, 2.75: few salts, (.1, White turnips Per bunch, beat. fiafJc. or- i I nary, 3a4c. i LONG ISLAND R.R. NET FOR MAY OFF The Long Island Railroad Company reports to the Interstate Commerce Commission at Washington for the month of May a decrease In net operating Income of about from the net for May, 1922, in spite of an increase in gross operating revenues of nearly $300,000.

The report shows: 1923. 1922. revenue 1.944,222 2, 4(14. 544 Oper. Income 575,994 S14.54H Net oper Income 341,35 462,597 Klve months: Oper.

revenue 1 2.402.n39 It, 047, 334 Oper. Income 1 :23.1(12 1. nnd. 749 Net oper. Income S20.992 1.204,793 LOCAL STOCKS AND BONOS (Quotad br I.

A. Norton A it Nassa Street. New fork Cltr.) bank and trust companies, national banks. Dividend rate. Bid rhAe $20 342 346 First Mil 93S Greenpolnt 100 Irvlng-Columhia $15 220 225 Nassau $13 210 Public, new lid 297 state banks.

America $12 234 233 Corn Exchange $20 425 435 Manhattan Co. ($50 pari lis 144 153 Mechanics 112 270 280 ilontauk $4 no State $14 315 330 TRUST COMPANIES. Mrooklyn $24 470 490 Kins County 140 too Lawyers T. $4 144 192 Msnufacturers M12 270 llldwood Trust ISO Peoples $20 375 Title Guarsntee Trust $12 300 37S TITLE COMPANIES. Bond Mort Uunr $14 270 280 first Mortgage $3 75 Home Title Insurance.

$12 210 220 Lawyers Mortgage $in 1,15 ieo N. V. Title Mortgage. $10 193 8. Tltlo $4 125 135 ILLUMINATING POWER COMPANIES, Brooklyn Boro Gas 14 Kings Co.

Lighting Kings Co. Lighting pf N. T. 4 Q. E.

L. 4 50 N. T. Ik O. ti.

4t P. pi. BONDS Brooklyn Boro Gas 6s 10 N.T.&Q.E.L.P. 1st mtg 5s 99 INDUSTRIAL A.VD MISCELLANEOUS. Anier.

100 V)5 Amcr. Manufac turing pf. 15 ii s7y, Am. Machine Foundry 125 Borden Milk 'o. $4 lis lis Brooklyn City It.

It nc 914 Blkn Warehse Storaga $0 35 Rush Terminal $5 so TO Bush Terminal pf $4 72 50 Child's Co. (Host.) tom. 14 139 142 Child's to. (nest.) $1 105 109 Coney Isl. Bkln.

It. It. 25 3 V. Bliss 20 23 U. W.

Bliss Co. pf II 65 (i Kagle Htor. MS 100 10S Intertipe lit pf too 101 Mergcnthaler l.lnntpe. 10 160 140 National Llcorlco itu 1:0 National Licorice $1 7ft 15 National 92 05 Hobert lialr Co. 7 Union Ferry Co II 59 And sitraa, 1 By Cable to The Brooklyn Konlc nnrl rhila.

Ledger: Copyright, London, June 27 Prices at the opening of London wool auctions MifTered yesterday because of lack of American purchasers and bad trade conditions in England. Quota tions were down to 7H percent for merinos, and 7 to JO for crossbred, compared with the last sales. Prices at the level established today con firm the decline at Hull and Liverpool recently and Indicate that Con tinental competition, no matter how keen, cannot force prices to the level maintained when America is pur chasing here and in Australia. Continental manufacturers, be cause of the exchange rates, have great advantage over the 'Britisc, which is causing depression In York shire. At the same time holders of raw wool are not readily meeting lower bids, having hopes America will not stay out of the market long.

Also, the Ruhr settlement would immediately bolster up Yorkshire mills. RAILROAD EARNINGS X. Y. Central Doubles. The report of the New York Cen.

tral Railroad Company to the Interstate Commerce Commission of rev-nues and expenses for the month of May and the five months to May 31, 1923, included the Ohio Central lines, Indicates a net railway operating Income for the month after taxes, tf $8,642,850, an increase of 130, compared with May, 1922, and for the five months of $30,715,647, cn Increase of $10,640,469 over the corresponding period of 1922. The ratio of operating expenses operating revenues for May, 1923, was 70.6 percent, as compared with P0.9 percent for May, 1922, and for the Ave months to May 31, 1923, tl was 1 6. 0, as compared with 79.4 for the same five months of 1922. In condensed form the figures pub lished are as follows: May. 1923 1922.

127.466,214 22.264,174 3,780,220 134.S77.0O4 21,176,138 Oper. revenues .138.153.664 Oper. expensea 26.918.257 p. Inc. af.

taxes.etc 8.642.350 Four months to May 31: Oper. revenues ....178.330,764 Oper. expenses. 113. S48.

600 op. inc. af. taxce.etc $0,716. 607 AtchUnn Shows Improvement.

The Atchison. Topeka Santa Fe reports for May and for the five months' period: May. 1923. 1922. Oper.

revenue 119.335.108 117. 401. 478 Oper. expenses 14.682.476 14.343.960 Tax accruals 1.261,794 1,164.646 Other credits 107,706 23.463 Net oper. Income 3.508,545 1.856,835 Five months: Oper.

revenue 92.769,921 79.228.451 Oper. expenses 68,564.175 65.523.994 Tux accruals 6.689.371 6.593.806 Olher credits 490.977 Net oper. Income 18.203,351 220, 058 Xorfolk Western Net Declines. The Xorfolk Western Railway Company reports for May. 1923.

1423 per. revenue I8.066.C03 $9,005,406 Oper. Income 1.543,878 3,173,540 Net oper. Income 1.867.425 3,433,491 Gross Injome 1.934.8n8 3.563.767 Net Income after Int. 1.546,160 3.132,237 Five months: Cner.

revenue 37.179,159 oper. Income 6.670,771 9,041,291 et oper. Income 7,463,880 10.200.544 Gross Income 7,826,326 10,643.567 Net Income after Int. 5.900,96ft 8,341,211 New Haven Xet I'p. The New Haven Railroad reports: May.

1923. 1922. Oper. reven ue 112.036,101 $10. 423.384 per.

Income 2.295.161 1.681.505 Net oper. Income 1,484.965 1.216,633 Five months: Oper. revenue 64,088,193 47,597,890 Oper. Income 7,065.395 8.145,846 Net oper. income 2,310,406 6,043,761 Ciiesap4'ake A Ohio.

CHESAPEAKE AND OHIO Mav: Operating revenue. 18.929,415 $7,467,318 Operating Income 1.957,368 1.508,762 Net operating Income. 1,983,764 1.573,436 Five months: Operating revenue 39,614.834 35,302.745 operating 7.358,115 6,878.229 Net operatln- income. 7,624,252 7,192,118 Delaware Hudson Reports to the DELAWARE AND HI'DSON Mv Operating revenue. $4,416,432 $2.483, lis Operating Income 1,202.031 Net operating Income.

1,166.967 I. C. C. for May. Five months: Operating revenue ...18,507.433 14,569.406 Operating 1,502,645 1,729.067 i "pcittinn mcume.

i.dM.ssa 1,787,1,3 BILIER CONDENSER EARNED 48c. A SHARE Dubllier Condenser and Radio Cor poration reports for the year ended April 30. last, a balance of $63,688 after expenses, taxes, preferred Hivl. dends and sinking fund reserve, equal to 48 cents a share on 131,000 shares of common outstanding. The statement for the year follows: Sales, operating expenses, taxes, net operating profits, other income.

net profit. 19.1 tKviAnii nn 'erred stock and sinking fund re serves. laiMioo surplus, appropriated surplus to sinking fund. total surplus, $73,588. NEW REGULATIONS ON CAR DISTRIBUTION Washington.

June 27 New ren. lations governing the distribution of railroads' coal cars, esneclniiv in times of shortage, w(U go into effect Sept. 1, ending a protracted controversy between carriers and bituminous mine owners. An order Issued by the Interstate Commerce Commission will stop the practice of cnrrlem nf oo.iui hu.s,s Laia to mines producing coal for railroads in nnnmon to tne number allotted them, pro rata on the basis of their production capacity. It also held that the purchase of coal cars by mine operators, public utility com-panics and industrial corporations had proved of "no practlcnl utility" except In periods of rar shortage, and ruled that these owners at such times were not entitled to pro rata shares of the railroads' equipment In addition to all their own cars avail-able.

The anthracite car supply was not touched upon In the order. COFFEE MARKET Coffee futures opened 30 poinls higher on July and 11 to 13 points higher on the rest of the list. The squeeze of July shorts Is perhanst due to the fact that the primary markets are so much below a parity with the futures market that the lungs could easily hold out for a sharp advance. Cables from Braal were flat. Spec-illation Is dormant and the spot dc-mand Is spasmodic, flood cupping coffees are hard to secure and com-mand full prices.

Deliveries are null-normal and" have been for the put few months. This has led to the belief that the Invisible supplies are low. Coffee Cables. Ilio futures were unchanged to 125 rels lower with September quoted ut Santos futures were 25 to 300 rel. lower with September quoicd al 151375.

Itecelpts were 11,000 hags, und stock 1.114,000 bags. Ileceipts at the ports were 23,000 hags, against 29,000 last year and 18,000 two years ago. Sao Panic, 11.000 lings, compared with 7.000 lust year and 28.000 two years ago. 10.000 bags, against 6.000 lusl year, and two years ago, 23,000 bags. I'rost was reported In one dlsirlci of Silo I'nilln.

fine wpnther Hi Ihron and cloudy In remaining district Minimum temperatures ai to 60, and maximum TO to 79 degrees. Grain Markets React on Favor able Weather Reports. Wheat declined to new low levels on continued crop and weather news, steadying on fair export trade. Corn was lower with wheat, and on favorable weather. Wheat closed to lc decline, corn 's to H4c decline oats He advance to He decline, lard 5 points decline.

Wheat sold off early and rallied from the lows. The weather con tinued ideal and support was rather limited, which, with scattered com mission house selling, brouflht. about an early decline, but on the breaks profit-taking was in evidence and better support developed. There did not appear to be anv active hedging pressure early. Sentiment, while generally bearish.

Is undergoing some change, and the disposition is to look for a buying spot. fcxport business overnight was fair, with sales estimated early at 2.0,000 to 300,000 bushels. n6stlv for deferred shipment Manltobas and winters, with ji little Inquiry for durums. Scattered short covering with light offerings brought about an up turn, but the rally was short lived, as support was poor on the bulge. and renewed commission house sell ing made for a heavy undertone.

One Chicago house reported the purchase of 30.000 bushels of new wheat in central Illinois. Liverpool closed i to t'3d lower. The corn market moved somewhat with wheat, with July actively supported and offerings limited, but dis tant months were under pressure of cooler weather and scattered rain. Cash Markets at New York. WHEAT Dull Dull So.

2 red, fob afloat 125'i' 127 So. Nor. fob afloat 128' 129U CORN Quiet Firm No. 2 yellow, kiln dried 103 4 104 4 OATS Dull Steady No. 2 whit 54 54 RYE Dull Dull No.

2 fob afloat 77 "84 FLOUR Quiet Quiet Minnesota Patent 6 20 6.20 Winter Straight 5 60 5.80 LARD Dull Quiel Prima Western 11.40 11.40 FORK Nominal Nominal Old Mess 25 00 25.00 Futnre Markets at Chicago. First BIgh- Low- Last Previous sals ast est sals last WHEAT July 101 101', 102'i Sept 2'. i 103', 101 WV-i 102 105'4 1041, 104' 105'j July f3 M-i, r2 r2', P3i4 Sept 79 79! 78i, 79'-, 674' W.H' t'6'2 164 67 CATS July 41 414' 41 4H4 41 Sept 37'2 37 4 37' 4 374 Dec 3fti 39' 2. 39 391, LARD Sept 11.07 11.10 11 02 11 07 10,87 Oct 11 20 11.20 11 15 11 15 11.12 RIBS 9.15 9.25 9.17 9 2D 9.07 3 PERCENT DIVIDEND FOR NICKEL PLATE R. R.

The York and St. Louis Rail road Company (new consolidated corporation) has declared a dividend of 3 percent on common stock and 3 percent on the new cumulative preferred, both payable 15. slock of record July 7. The statement issued says the earnings available for dividends for the first five months will more than show the dividends earned on both Classes of stock for the entlre'year. COPPER MARKET Although the Conner Exnort A.

sociatlon and some of the Independent sellers not affiliated with that organisation today quoted export copper nominally at 16.15 to 15.25c a pound c. 1. f. European ports, English dealers and others have been taking orders for small quantities at ii.odc, 1. a.

5., iorK naroor, or In nfic I ln4.n nn 1 w. uw.iuuu ui J1KIIIUUI1. Therefore, because of the unusually small buying, the export market at present must he considered at the last-named level. The leading selling agencies have received ordera at 1 Ro actual contract have been mainly in vnrioaa 101s ana are not considered Biguiiiuuui. a numDer or good Inquiries, which were In the market at the end of last week, have apparently been withdrawn, because nothing has heen hp.rH an fo week from these prospective buyers.

nine re weii oennea reports that the metal kn. nivAHAj t- mall quantities at 14Tc delivered, to domestic consumers, but all leading interests Insist they have not shaded their prices. CUR? MARKET CASE WITHDRAWN FROM COURT When the Case nf Reniamln Al. ander against the Board of Govern ors or me curb was called by Clerk Tlernev. in the tfnnitv t- of the Supreme Court toduy, a representative of N'nlhnnlol of 220 Broadway, attorney for Alex- anner, announced that the application for a writ of mandamus to compel his reinstatement as a mem.

ber of the association had been withdrawn by consent of counsl on both sides. The order to show cause why Alexander, who had been expelled from membership on June "0 should not be reinstated was signed yeaieruay iiy justice Isldor Wasser-vogel In the cx-parte term of the Slimrpma f'nnrt nnrl were erven nn in fitrtl r. nuifn Sturges. president secretary of LONDON MARKETS Loi.don, June 2" Ollt-edged is. sues were firm on the Stock Ex change on support by hanks which entered the market for purposes of having higher levels to make un half-yearly balance sheets.

Dollar securities moved within a narrow range. fills were flabby. ftoval Dutch was 30, Shell Transportation 3 3-16 and Mexican Eagle 1 l-lil. Rubber Issues were steady. Home rails ral- nen snarpiy.

Argentine rails were m. French loans were unsettled, fnl. lowing the Purls market. KnfHi- were listless. Industrials on the wnoie were nrm.

Itlo Tlnto was 3 iili and Hay was 6 13-16. In the main traders continued to act cautiously, but showed more confidence. CUT IN FREIGHT RATES ON WHEAT Washington, June 27 Itallmuds were ordered today by the Interstate Commerce. Commission to re. duce to 19 cents per 100 pounds, on or before Kept.

20, the rate on wheat nmvlnfr roni I'llw an, I sll seph, Mo to Duluth arid mllled-ln. iransn at Minneapolis, -i Standard Oil (CALlfOKMA) Serial Sfo Cold Notts These notes will be direct obligations of the Company and comprise its only funded debt. 1924-33 Maturities offered (when iiued), subject to change in price, to yield about 5.00o to 5.17 (according to maturity) The National City Company Halo Offlri National City Bank Bid. Uptown Offlcet 42d fit. tt Uadifron At.

We offer Prime Preferred Stocks of Seasoned Public Utilities including companies such as Denver Co. 6 Preferred Stock on a 6.74 basis Toledo Edison Company I 7 Preferred Stock on a 7.44 btsi) Continuous dividend records and large margin of earnings over dividend requirements. Thtse slocks, and others contained in our special list, arc readily marketable and nay be purchased on a monthly payment plan. Send for Circular BB-1Z SECl'RITIES DEPARTMENT erty' ihnxfowt nmuHi cinu' O-l 1 1922 Earnings $18 per share (about 40 of current market price) Pronpects Excellent The above epitomizes the remarkable record of a company whose common stock is sow selling for only slightly over twice the present annual earnings. This is due to special conditions outlined in our analysis of the company's position.

In our opinion this common stock offers excellent prospects for a very high investment return within reasonable time and substantial market appreciation. Write for Circular E-S8S J.K.Rice,Jr.&Co. 36 Wall Street New York MILLETT, ROE CO. Members New York Stock Exchange Private Wire to Boston Our June NEWS LETTER contains articles on RAILROAD EARNINGS SOUTHERN RAILWAY ANTHRACITE ROADS and other hems of Interest to Investors Copies on Rtquttt 52 WILLIAM STREET NEW YORK Realty Associates Jt Pfd. to return 6.52 Bush Terminal Pfd.

To return 7Vt Tri City To return .82 Cimihrt on Rrquett HANSON HANSON 2S Broadway New York STANDARD I CARLH.PFORZHEIMER&CCL rhone4SMI.l-5.S-4 Hronil. SB Broad N.V BONDS A. MACK. KENDRICK tOI KT IIHOOKI.YN, Y. TKIAMil.K SUM CLARENCE HODSON CO.

KT. IStJJ Slocks bought and sold sn csmmii-sien. Cash or conserraliss martin. Monthly letter issued to clients. Hartshorne, Fales Co.

MrmUrt Y. Slock rcAenfS 71 Broadway, New York HemDdh nnmi.l, Kr S4nchS TarsBrCW Brooklyn Advisory Committee WALTER H. BENNETT Vice-President Amer. Exchange Nat'l Bank STANLEY P. JADWIN O.

H. Jadwln 4 Sons FRED'K D. MACKAY Vies President B. W. Bliss Co.

GEO, T. MORTIMER President Equitable Office Bids. Corp'a CHAR. J. OBERMATER President Greater N.

T. Savings Bsnk F. Wilder Bellamy Dominlck ft Domlnick O. WM. RAsCH Retired JOS.

r. KEANY Attorney OTTO E. REIMER Trustee Fulton Ssvlngs Bank HARRY A. KAHLER President HENRY S. ACKEN Vice-President U.

COND1T VARICK Vice-President 3r CircleA XServifW Our intimate knowledge of Brooklyn conditions and city-wide connections make this the logical bank for your account. CIRCLE OF SERVICE This is not a meaningless phrase, but refers to the affiliation of the American Trust Company with the New York Title and Mortgage Company, which places the facilities of two strong financial institutions at the disposal of friends of either of them, thus giving a unique equipment. Send for our pamphlet or call and discuss your problems with us. Total Resources Over $27,000,000 9314 93 4 941, 98 44 1(104 1(104 1014 1(114 I0214 102U 96 96 64 103 103 69 69 124 1124 994 994 96 95 99 4 1(11) 944 974 97 97 1014 1(144 944 944 10(114 lOfti, 99 99 213 213 824 S2V1 9ft 9ft 1024 1024 105 105 10514 10514 IO614 .10544 91 91 14 10a 10244 9944 99 11414 106V4 lftfiVi 10414 103 103 Is. 994 994 10014 lftft 14 1ft 1ft 104 1044 IOO14 100V4 INCORPORATED e4.4W.

Bridge Plaza, L. Cit; i i infp Weekly Stock Letter Soil vpnn rrqueit tor Josephthal Co. Jfraiorra Y. Stlrk Krehnmiie i0 Broadway Tel. Rector smut sues of Porto Rlcan municipal bonds guaranteed unconditionally aa principal and Interest by the Por, Rico' follows: TruJIIlo Alto 6Hs.

due July ,1 929, to 1955, at prices to yield 4.,5 percent; $75,000 CclbaSs, due J.Ul& V.i929' to 19B5' Pr's to yield 4.80 percent; $90,000 Luqulllo 6s due July 1, 1 929, to 1956, at yf li percent, and $1 16,000 Lajas 6s, due 1928 to 1961, at prices to yield 4.90 percent. The. bonds of these Issues are exempt rrom all Federal and State Incoms taxes. Canadian Property Co. Firsts.

8. W. Straus Co. announced to. day the sale of $1,300,000 Canadian Property Company.

of Toronto first mortgage graduated coupon terlal bonds. The Issue carries a 0 percent coupon for the first seven years. 6 percent for the next seven years anil 6 percent for the last six years. The company Is controlled by the Home Bank of Canada and Is securd by 21 banking properties ocennlf.rf u. The price Is par and accrued Interest! IUMnvcstniont Suggestions, Otis Co.

have prepared a com. prehenslve list of suggestions for reinvestment of funds available t. Inc llHinir and Industrial bonds. I SUGAR MARKET A sale nf 10,000 bags of Cohan sugars has heen made to Henderson of New Orleans at ment, off ie. from the last sale.

Raw sugar futures todav were quoted; Offered, September, 6.13, i)(f icccinucr, s.oo, on iv. This shows the fine marble stairway of Italian design which leads to the Law and -Closing Departments of the New York Title and Mortgage Company, riri.in.T.m TTi im. 93H 94 lftOH 1014 1124 96 9 113 59 1(13 1 99 96 lftft 974 97(4 1144 94 4 lftft 994 215 82 4 90 102 4 1(16 11514 115 91 4 1124 99 H7 1(14 '4 Am ft 6s. II Am Ro Mills 6s. 12 Am Tel 6s '24 2 Anaronda A n-Am 74 II As I Hdw 6i4t.17 Atmr Co 5 4s.

.6 Hetn 811 7S cit Serv 7s Con Ci Bait 6s 17 net cttv Gas 6s. 11 D.mlop T4R 7s l5 Fish By 6s '25 17 I Ish By 6s '97 .11 Fish By 6s Gr Trunk 4a. .11 Gulf Oil 5s II Hock Valley It lit 1. 7S. 12 Maracal 7s.

14 6s Cal Ed 5s 1 8 7s '25 13 SONY 7s 626.11 SONY 7s 8. .17 Swift ft Co 5s. 13 Tidal Osaae 7s. II nlon 6s I'd Ry 74s. 14 Vacuum 7s.

.11 Valvoline $3 1 'M Foreign Bond; Argentine 1 99 '4 of Nether 6. 3 Russian 2ft Ruaslon 64s ctf 5 Swiss Gov 641. 2 10014 104 H4 10ft 14 'Cents per share. McCALL CO. EARNINGS; COMPANY'S PROSPECTS J.

K. Rico Jr. Co. have issued for distribution a comprehensive analysis of the position and posslhil-itins of the MrCall Corporation, publishers of McCall's Masrnzlne, one of the largest publications In the ooun-try from the standpoint of circulation. Karnings have grown from a deficit in 1919 and 1920 to J1S a share in President Warner, in his remarks to the stockholders on the report of the company for the year ending Dec.

31, 1922. stilted thHt the year had witnessed a marked Improve, ment In the corporation's financial position, current (if.se in h-lng $2.. 171.145. us ngnlnst current liahllliien of 5 fi 3 3 The volume of nei sales for the period was l.9S.IS9. tills lielngthe largest in the poration'j history and 3 fia.S 7 7 r.reater than In the preceding yea'.

These shIcs produced an opening profit of It in.1.014. which the addition of miscellaneous net income shows a profit of $1.1 14.1U I before reserve 'or taxes nnd doubtful accounts amounting to The net prortt transferred to surplus, plus the adjustment of federal taxes for previous years, was $959. mi. This amount, less dlvi-dends declared Jiirlng the year on Ihe first preferred stock brings the surplus account as of Dec. 31, 1922.

to $1,656,612. I'lfJ IHOX I.OWKIt AT CHICAGO. Chicago. June 27 I'lg Iron was quoted today $1 a ton lower on the Chicago market, the second recession In the Inst week or 10 layn. The new price $30 i hlcago Is bringing out a large volume of Inquiry, and selling agents report a number of good sales.

I'ACKrilt HIDK MAIIKKT. Chicago, June 27-The hlg I'arker hide market today turned decidedly acllve, about half million hides (hanging hands, Native cows were moved in a large way at 10 cents a pound. BOND ACTIVITIES Mprruvr-Krllngg Dcbrnltirr 6s. Dillon, Road Co. offered today a new Issue, of $2,500,000 Spenn Kellogg Sons, 15-year 6 i.rr-cent gold debenture bonds July 1, 1923, at par and Interest.

The company is one of the three largest manufacturers of linseed oil In the United States and does approximately one-third of the entire linseed oil business In this lourtiy. The manufacture of linseed oil by the Kellogir family was started 100 yean ago. These debentures constitute the only funded debt ever Issue! by this company. A sinking; fund of 10 percent of annual net earnings wWh minimum payments of 175,000 per annum is provided, available semiannually to purchase or call debentures. Dp BnHlclcbcn C'onl Drexel assett Co.

an) flriihani, Parsons Co. offered a new Issue of $4,000,000 first mortgage percent serial gold bonds of th, De Hanleleben Coal Corporation, dated July 1923. and maturing $200, 0U0 on each July 1, 1924 to 1943 Inclusive, at prices to yield from 6 to PV4 percent according 'o maturity. The De Bardelehcn Coal Corporation Is to he organized under the laws of Delaware and will acquire the entire physical properties and other awicts of the Corona Coal Company; the assets of the De Bardolc-lien Coal Company, Including the entire capital stock of the YV. CI.

Coyle unit one-half he capital stock of the Hipsey Htire and Towing Company, and thn assets of the Kmplre Coal Company. Sinking fund provision Is made for the bonds with a sinking fund of 10c, a ton on all coal mined from Ihe properties of tHo corporation. The proceeds of the sale of tie $4.. 100,000 In bonds will be applied to the payment In part for the urop-ertles acquired. (irivn-lKim, X.

5's. B. T.earh Taylor, LCdward Illinois Merchants Trust Company, Detroit Trust Company. Detroit; Daufman, Smith, -Emert Company, and Mississippi Valley Trust Company, St. I.ouis.

offered today a new issue of $1,300,000 City of Greensboro, North Carolina, direct obligation 5 percent gold bonds, dated July 1, 1923, and due Jan. 1, 1925. to 1964. Hennepin County, A syndicate composed of the Bankers Trust Company. Ustabrook Co.

and Eldredge Co. offered today a new issue of $750,000 Hennepin County. Minnesota, 44 percent tuberculosis sanltortum bonds, dated July 1. 1923, and due $50,000 annually from 1923 to 1942 Inclusive. The bonds are being sold at prices to yield from 4.50 percent to 4.40 percent, according tn maturity.

Aktfin. Ohio. 4V and A new Issue of City of Akron, Ohio, 4S and 6 percent bonds were offered today by a ayn-dlcate composed of H. Alln Ft. W.

Prcssprlch B. J. Van lngen and tlraham, parsons Jr Co. The issue la divided Into $1,034,000 44 percent bonds, dated June 1, 1923, and due aerially 1925 to 1952. nnd $1 62,000 5 percent bonds, daled July 1, 1923.

and due serially 1925 to 1932. The bonds are offered at prices to yield 4.40 to 4.60 percent. Municipal and County Issues. Sherwood Merrifield offered today the following new Issues: $400,. 000 city of Utlca.

coupon or registered 4.25 percent gold bonds, maturing 1924 to 1943, Inclusive, to yield 4.15 percent to 4 percent; $130,000 City of Mt. Vernon, N. coupon or registered 4.50 percent bonds maturing 1924 to 1943, Inclusive, to yield 4.20 percent to 4.05 percent; and $126,000 County of Saratoga, N. coupon or registered 5 percent bonds, maturing 1925 to 1941, Inclusive, lo yield 4.10 percent lo 4 percent. The above bonds nre entirely tax exempt and legal Investments for savings hanks, trusters, In New York Slate.

Porlo Itlcnn Mutilclial Offerings. Heasongood Mayer announced today tlyi offering of four new Is- li.