The Brooklyn Daily Eagle from Brooklyn, New York • Page 33

THE BROOKLYN DAILY EAGLE. NEW YORK, SUNDAY, APRIL 1. 1923. 11 N. Y.

CURB MARKET FOR THE WEEK Cotton Off 3 Cts. From High; Vlowa 0600 Independ Lead 42000 LIBERTY BONDS HEAVILY SOLD; FEW NEW ISSUES Industrials. Net Ixur.Latt.cb ce 3 2M 7. Si WlljaC 1st pf Vale It VelloivTaiiNY. 2100 200 200 3000 Wheat Declines on Selling by I letu t4 12 THE STATE BANK NEW YORK Member of the New York Clearing House More Than 115,000 Accounts Deposits Over $85,000,000 Slaniiard Oils.

.40 .8 17 S8 SU Anglo-Am Oil. 4J 02 it Si 58 -2 a. 2-V, Longs; Copper Market Dull 314- 1, .43 .33 01 2S- 3S .30 02 2', .47 .02 22 4S .62 02 6 .80 414 41 .31 3 .30 2H .47 22 4S .62 6S .81 8.V an .40 .33 2.S 314 .30 2S 42 23 .68 5S :78 .71 IS .30 .23 .61 iron Bloseom Jerome Verda. Kerr Lake La Rose Mason Valley. Mohican Cop.

New Cornelia. Mew Doiii Cop. Torcupine Nip Minrii Co. Ohio fv.pp. r.

I'orc Vir-oml li'iy lUre rtcd Warrior. Richmond 3000 1000 2500 1000 5000 20000 100 900 39009 1800 41100 500 27300 7 i 10(1 8000 .2.1 1714 58 a 2.V4, 100'. 88'. 2.V 130 IM 09', oali 100H-1U in frpHita Prfinintlv Paeapfl nn All TironlSca 'i 614- 8'4-H4 130 13 874 "4 aia-l 112'i- 113S S. 70 H.

C. RICHARD, President Atl T.otoa All I.OI.oh pf IloniiA-Scr (i.i Buckoyc L. Coiilinentalon Crf.srfnt 1 Cuiohii'dP L. Kurcka Pip CaltnaSlg Oil. Ilumblu Oil Illluo.

npoI.lt Imperial Oil. Indiana 1.... Inter Pet Maffnolla Natl Transit. 1S- .58 "WILLIAMUBUrtGIt BRANCH Graham Avenue and Varet Street; CHAS. C.

SCHNECKO. STOCKS. Acme Coal Acme Paoking Amal Leather. Am Leattl pf. Amal Sunt vto.

Am Chain A. A moot I'al) pt Am Drug- A. Am St pf Amllawain 8 Am I.t Tract Am Store. Armour re pf. Armour III Arnold Const.

Atlantic Fruit. Bassl.lt Aim. steel Borden's Mil Bore Berk. Brit-Am cou Frit tnt Bkiyn City Ry BUT frenre). BUT pf reorg.

Buddy Buds. Campb 8 Tpf ll 000 4000 1P00 100 100 8700 800 4300 1100 3S00 80 105 1800 60 1001) 4700 300 ioo ioo 4(10 isno 1000 7100 23 -1 120 IV 42 83S, 'i 2'. 37)i2' 4V-3' Bti'a 22'4 120 1B0 004( gHH lS'i 2 354 114 St Anthoi.y 1 1 MI0 -1 1 101 120 Assistant Cashier and .05 .07 .65 .85 BflOwSavlM.B BRANCH Corner Stone and Pitkin Avenues WILLIAM B. ROTH, Vice-President and Manager J. V.

D. Garretson, Asst. Cashier J. P. Spindler, Asst.

Manager Sllv crKlnE Con 11800 D. G. Cathcart, Asst. Manager" ug 2', 37' IM'l 110 f.A?) r--. XiriAiNCH "I Blake and Van Siclen Avenues however, wheat followed and there was a good deal of barking and filling and no very strong tendency either way, although values showed moderate net losses.

The weather was unseasonably cool throughout the country and this together with a continued absence of moisture in the drouth nreu in the southwest caused further uneasiness relative to the safety of the new winter wheat crop and at the same time there were predictions that a smaller area will be planted to spring wheat in the Northwest. The export demand was very limited except for some fairly good sales of Manitohas and the market continued to suffer from a lack of substantial buying of the cash article both for domestic consumption and for export. The corn market wan easier at .30 .45 3'4 ADOLfH FREY, Asst. Mgr." ioaH ioz'4 102H. jo'i MX 'iO'i Increasing Demand for Commercial Funds-foreign Issues Steady-Recovery Late.

The past week in the bond market was featured by the heavy selling of Liberties, which carried those issues to new lows for the year, and the mixed movements in tho industrial list. The Fourth 4'4 sold down to on Tuesday, tho lowest price since February, 1022, and marked a decline of 2 VI points from this year's best price and 5 points Trom the high level of Inst July. Government bonus, however, made up some of the'r 3 before the close of the week, and in the latter part evidenced a better tone. in Liberty bonds was largely due lo the expansion in business, and bears no relation to the heavy liquidation of the issues In 1920 when insurance companies and savings bunks were forced to dispose of their holdings, because of the Industrial depression which then was sweeping over the country. Tho selling last week whs done because tnose .48 .32 3'.

1A 33 IS .71 16 ii, DIVIDENDS. DIVIDENDS. 1SV 17 81 47S Kilver Silversmith. Simon PU I.ca.l South Am PAU Success Min g. Teck Temlsliamliig.

Tonopah Bclm Tonopah Dlv. Tonopah txtn. Tonopuh Mir.g. Tuolumne Cnity Gold L'nltcdlastern I'nlt Imperial, L'nitcd Verdo. lVestKni' Cons Yukon Gold.

.45 .49 .85 .02 8'4 V4 .60 114 .35 IS- A 2i .45 5S 2S .83 .01 .36 -l! 1A .00 3000 11100 50O0 1800 19110 10S00 5OO0 400 22000 6100 800 3000 6500 2900 2700 8400 2200 Ci 'i 17'rt-l 4-l'i 1 0-'t ft lOT-t 133 7 ua 131 1 100 78 -2 18'4-lS 233 10 201 112'i- 101 fill', 100', It 203 4 5 -S 289 11 48S-1 23 3 ioo 107 CarLIht inn 1H .35 IS .77 3r .43 i 2(', .83 I A 95 Celluloid Northarn Ohio OH, ntw. Penn Jlex Fuel Pralris Prairie Line. Solar firf South Plna 1.. SoutiiPfnn Oil Oil of fitan Oil Kan. MtOH Kynew.

Std Oil Neb. Stand Oil IXV) 8td Oil Ohio. Vacuum Oil. Washington Oi OA1, SEAMEN'S BANK FOR SAVINGS 76 WALL STREET 110't lOO'i 1094 times In sympathy with wheat, 2i' .41 2S 93 .30 1'4 .90 The liquidating movement in the cotton "market in the past wcpI; van Interrupted by niid-wcok rallies, but they were shorl-ltved and near months roaehf'l the lowest levels junt before t'ho The decline which luul been in Progress during the prrv(oun week, extended to 2S.60 for -May and 24.10 for October deliveries on Monday. This represented a loss' of approximately 3 ccnlH per pound, as compared with the recent high records, unci there were rallies on covering which was promoted by the firmer technical position, Indications that there was to be no Immediate advance In rediscount rates, reports of loiatlvely steady spot markets, and evidences of a tinner technical position.

About one cent of lb losses were recovered when the market met a renewal of nrar-month. liquidation which broke the price of Mav deliveries to 28.32 during Thursday's trading, while the decline In October vi'us checked around 23.10 cents, tallies followed on covering for over the throe-day adjournment, with May closing at 28.8.1 on Thursday night and October at 2H.24, compared with SO. 0 and 25.07 at the close of the previous week. The feature toward the end of the week was the relatively steady ruling Of the new crop deliveries. This may have been partly due lo the fact that the seatlerlnsr speculative long Interest.

in now crops was a. relatively small one and had been pretty well liquidated mi the previous declines. Aside from that, however, there were indications that fresh huvlntr at SI" Vi Celluloid pf Cent Ct Ter Si'g, Cent l'n Trac. Centrlf CI Check Cab Mff Chi Nipple Chi km Wheel. 3800 1714 2201) 0 100 18)4 18'4 10 130 130 213 88 000 43 130 22 21 13 112', 1 1 a 200 114 113 000 70 11209 38'S 233 164 1430 121 117 70 100 HO'j 111)00 22'4 170 138 133 300 23', 234 70 133 131 30 108 1IK1 1300 78', 78 200 18'4 18 030 210 233 813 113'i 111 11) 203 201 70 112'.

Ill I3O0 100 1B4 60800 64i 3201) 5014 4 8' i 3100 101 08 30 2113 238 17600 40'4 4('4 30 200 280 14000 49'4 48'i 100 23 23 Other OIIm. 1000 .03 .03 3300 84 8'i 23000 .27 .22 2300 1 000 2 29300 8', 443 188 182 2100 "0 OO 1301) T8'4 18', 300 0'4 0'4 33700 0'-4 10100 I8' 12'i B300 49'4 13000 .18 .11 800 H7J 1 1 74 19800 .88 .85 4O0 0'4 3', 18800 If, 12(M) IS IS 3100 80 03S 27000 -87 20000 .18 .13 300 88 38', 3300 13S 13 .30 .20 The TruMres have declared a QUARTERLY DIVIDEND 4 AT THE RATE OF AlllPackera 6s. 1000 68 0GS 67 r0'4 77 -1 77 Chi Htl tvji Cl6vIand rtuia 11- 401 14M 00 -2 S)i lt O'i- 2SH--H4 23 47'illi 7 00 27 11 interests which bought Government Aiiicd Pack 8s. 12000 Aluminum jooo Alum'm 8000 Am Cot Oil Cs. 49000 owing to quite active selling by commission houses prompted by an inereaso in the movement.

The cash situation, however, was firm and the market showed a strong tendency to rally from depressions. lOxport sales were not large, but the demand was continuous and while stocks In Chicago were quite liberal, holders a. emed to be In no hurry about disposing of the grain. There was a very steady undertone to the oats market on account of reports of damage by the recent, cold weather, but at best the volume of business was small and price changes were confined within very narrow limits. 31'.

14 401 t'i II 't o'i 23 4i 5 60 8 37 30 80a I 1000 Col Power Colum Carlton Cox'u Catih 8t LOFirrove Brow Cudahy f'ack. Per annum on accounli of $5. to $5,000., payable on and after April 16th, 193 DEPOSITS MADE ON OR BEFORE APRIL 10TH WILL DRAW INTEREST FROM APRIL 1ST Banking Hours Saturday! 9 A. M. to 12 Noon.

Other Dayi 9 A. M. to 3 P. M. BANKING BY MAIL Herbert K.

Twitchell, President Williaton H. Benedict, Secretary Ralph H. Stever, Cashier 1074 107)4 107'4SS 106 I06S 108 01S 88 88 2S 97S 07S 9 IS 91 91 -IS 10IS 10IS I0IS IS 100 99! (IP 97S 7'-l ions 100S 100S- 102s 101S 101s HI3! 103', 103S .05 8'S 20 I1. 184 -1 OOti 18'- os- CurtlHn Atro. AmOae 4- Kl in 33000 Aml.t 6s u-tva, 7000 Am rtM 6a.

85000 AmStiTob 7'4s 2000 Am TiT 31000 AnacondaCp 47000 Auac Cop 57000 18000 10 10 4(10 7700 20 t)200 0110 H1U0 700 S70O UOO 7(10 1001) 100 100 100 Mr, -1)11 214011 Bir.oo sno 100 1000 JOO r.flo 1000 i70O 1 ,100 100 11.1 bonds in 1921 and 1922 to employ their funds now found demand lor their money from the mercantile establishments and manufacturing industries which arc now increasing thdr operations. The high money rale and the fear of a raise in the rediscount rate wat responsible for some of ti.e liquidation in industrial Issues, but lis Importance was Ovcrectlmateil, for when It became apparent that there would be no advance In the rediscount rate bonds ilid not recover sharply. Some industrial issues did move higher, but for entirely dif .30 -aa 30' I 471 7 60 S'i 27 01 no 4 13'. 0'-i Hl'4 lu 101 14 .8.1 102S 1, Curtis Aero pf OuynmalKrult. Coal.

Dort Moior. loug-Icctin. Dubil Durant Purant Mot Ini 1'J1 102' 105 98 10'j Amer I'ucl. Ark Nat tlaa. Biff Indian.

Brit Cont Oil. bcrvlce. Clttea Serv pf. Cit serv elf. Clt Marr Creole 8ynd.

rienny Darby Oil pf Knglneera Pot. Equity pf. Federal Oil. Ctllllaiid Olenrock Grenada Oil. Gulf Oil Pu.

Harris ret Hudson Oil Humphreys. Ind Oil Gns. 8'i. 4K. COPPER REVIEW There was quite a.

fa.lllng off in buslnesii in the copper market during the past week. Consumers apparently adopted a waiting policy owing to price uncertainty which resulted r.o 2'i 103 90 39 80 10 .01 105 96S 89 70S. i)i- 1 183 -6 tracted by the lower level of prices 183 14'4. .86 6S Equit Trust Fed 6-11 Armour 7a. 40000 ArmourCo 5a4l7O0O Arm Del 5Vj.

.411000 AtGulfiWl is. 20000 Beaver Bd Is. 16)000 rt 6s wl. Beth Htl 7s, i3. 2000 Helh stl 7a, a5.

40000 Bout ft (in. 5000 CanNdtiK.ju'.p romo CanMty 7.4,5, 72' i 70' i an into the early new crop months. There also appeared to be buvlng of these deliveries by snot A ferent reasons. Then, too, those interested In bonds have become convinced that there will be a raise In the rediscount rate, but at least not until the Government llnanctng which Is expected in the. middle of April to take care of May 1 maturities is out of tho way.

There are those also who do not look for a dealers as a hedge against pales of from the fact that some of the second hands were grunting concessions and selling under the levels which were asked by the leading agencies. The big producers generally adhered to a 17-Ue. price lor the greater part of the week, compared with a high of 1 7 Vs c. in the previous cany new crop cotton to mills for 14 14 it .80 .83 .0.) 28254 284 08 (Safc-l'i 154 134- 't 30 30H (MHi 274 271 -7 IS- C5S .87 -IS .15 3'IS- i3'4- r. delivery between September and Pe- 283 80 1.V4 SO', 279 ccmuer.

Canadlanl'ac 6 CeiKStl Char Iron ss. 51001) 1VOO0 100s, iooK 1001 102H 102, oo'a 00 110U nWa 108 109 0(1 IW-S- ioo1 loo'i ioo1, liw'i 108 100U 1, 07 tw no Oil 0.7 08 02 01 ni B7' II7' II7'-1', ion, 100 iooH. 107 107 107 -2 rise until summer. week, and despite this reaction t.h EAST BROOKLYN SAVINGS BANK Hertford Avrnne. tnrntr ritKalh Arfnue QUARTERLY DIVIDEND APRIL 1, 1923 Interest at the rate of I FOUR (4) PER CENT pir annum on all deposit entltlrd therrio from Sr.

to 15.000 will rrrdlled accounts in this hank April 1st. 123, payable on ttrA after April Deposits marie on or before April 4th will draw Interest from April 1st. Interest Is credited nnd romiwanileil quarterly on the nrst davn of 1 April, Julj- and Ortolter, i.ijitble on and after the oi the niontii. 'u One Dollar Opens an Account irri Victory Notes accepted aa cash and credited to your account now. Money to loan on Bond and Mortgage.

Open Monday Evenings from 5 to 8 o'clock. DAVID MORBHOCSR, Preaident. BUltBKBT -R. SRAMANi. Treaaarar.

00 users did not appear Inclined to ru? 100'4 10014 -14 the market with their demands 2V- 2S- .03 2 they had in the past, so that, the no According to all accounts mills, both ot home and abroad, hnve been iible to sell goods pretty freely, based on 24 cent, lo 25 cent raw material, and considering the tineertalnities of the new crop, it would not. be at all surprising should tlicy undertake to cover their probable needs by purchases of new crop deliveries around tua! sales were much smaller tlmri the weekly averages early in th 05 month. 24 .03 I1, .77 52 '4 10 lit 3'4 8S IDS 20'i US ei 10', tl'i 20 3 -4 7 f.0'4 KlrhyPet noo 2'i Lulayctte Oit. J2900 2 Lanca 1000 .93 Livingston Pe 13000 Lyona Pel 000 .90 Mammoth Oil. 300 32', Maracaibo Oil.

812O0 0'4 Margay Oil. 800 IS Marland IMexl 2100 8'4 Mexico Kagle. too 8S Mexico OH. 54600 1, Gardner Mot. Oarand s.

Gillette a rt. (Jlen Alden Co. Goodycnr Tire. Goodyear pf GtWtifitSuff I Guar'ly Trust Jianna pf Hayden Chem. Hock Val I'd.

Hudson Co pf Hudson Man Hydrox Imp Tob Can. Imp Ton Tnd Fibre Inter Ituhber. Irv Col Truat Kuppenhtilnier Lehigh Hen. Lehigh H. LibbyMcNALi Louiav vi.

Lucey Mftf. Lupton MadlHon Tire. Considerable attention was again 22 100', 2 14 2'a- Jt IH'i 20S r.N- "i 18! 7 -1 G0'i3 'i 233 13 displayed in the cables from London uu'se ngures. 08', 52' 14 10 -2S 1S 3k- SS and their receipt was awaited daily 102'i 1011. 100', 103', i iic weaKness in the old crop because of the fluctuations in tnai 7 00! market.

It is not unusual for th 22 no -i'i 102'i 0.1K 100VJ (a 004. 08'. i nsjii- 'i short interest in copper to operate in V1 1S 20S I 201.2.S 100 'i 01! (Pllli 08', 07 114 IOO? Utl'i the London market with the view of bringing about a. lower level of prices in this country to permit the shorts 23 A factor which is Important In the bond market at the present, time Is that of increasing commodity prices. Those prices continue to move forward as week-to-week llgurcH show.

It is natural, therefore, that bonds should obey the natural economic law and decline during such upturns. The bond market, as is known, did not recognize this factor until September when it suffered a rea.ctlon. Of course at that time there was also a fJovernment offering and a rise of 1 percent fn money rates, but the advance in commodity markets was the most important influence. The movements in somo of the convertible Issues, however, was In direct contrast with the market. The Marland Oil and the Cerro de Pasco bonds registered good gains, duo largely to the better tone of the stocks of the companies.

Several other issues were active. American Cotton Oil 6s dropped 4 points in connection with the report of the company's poor business operations. Speculative rail issues did little except for the selling of Missouri. Kansas and Texas adjustment 5s, which declined to 61 on Monday when it, was announced that the 217 WH 23 7 80! OS lo cover their commitments. This has been done in the past and many are of tho opinion that it is being riHST IO.I.

BANK )' i of the L'lty ot Jlruoklyn, JV. V. Mnrch 23d, lSjsJi! Th Board of Pirvtor3 has Ihfs day d-r-ud a quartprly dividend of THRlSB.fitoR KN'IV, of tax, payable April to Kliiirehnldfra of ri-rord at the cIobc uC bUBlniBH March 13d, YSZZ. mv ANSKfj P. VRRITY.

Cfishlf Mex Pfir.ui a 7300 Midwest Tex. 13000 Mountain Gulf 7000 Mountain Prod 1 100 Mutual P.ef. 42300 15 Kuol OH. 100 NewMex Land. 400 NewTorkOll.

2800 Nohle O. 14700 Omar Oil 7100 Peer Oil 8oo done now. CilleftKerv 7s 27000 Clttierv 7s 15000 Con Bait 54 ilooo ConQaaaalt Os 300O0 Con Gas Bal 7, 2000 Col Gas 5000 ConTextleSs. 2.1000 7000 Det Oas nooo Detriot Ed da. mooo Dun It A 3700(1 ISmp lis.

28000 FIsherB 13000 Fisher li 11.1000 P'tuherB ooot Klsher 13 32000 Galena 40000 Galrs 4000 vl lOooo Gulf Oil Pa 6a. 70000 Hock Valley (is 4000 Hood It 7s, SO. 111 Cent 87000 Intes 8. 15000 Kennecott 7fl. 31(100 l.lbby MfN 1 union LlBl Win 7s.

1000 I.oulv 13 6s 18000 7s, 0000 Maracl 7s 1. 31000 13000 Natl Aulne 7', 2300U NatcloaksiiS 1000 l.eath 8s. 11000 orl'uU 63. 0000 niviFLija jia pronaoty resulted trom a very general feeling that the. bull campaign of 1(122 has definitely ended, people realize that remaining unsold supplies are very small, and that there may be.

sharp fluctuations before (hey are fullv distributed. But they think that, there is unlikely to be anrr revival of general buying on the. i.wsis of old crop conditions, and no pronounced or sustained market movement of prices Is likely to take place until it is inspired by the development of new crop prospects. Meanwhile, the weather in the South has continued unfavorable be. cause of rains and low temperatures and there have been comnlatnta However, the situation is the metal is decidedly different now (ram what 23 V- 7 80' OS2 10H3 3 1'4 1S 10 ti' 87 1 82 Oil 80', II 17)4 37 14 10! 10 30 01 MeCord Radio.

it was on previous occasions when at 101', 104 10ll- 07rt 07 02 -1 101H 104 101 m' 100 100 Vt 00 II8S- 14 no 0SH la 1011 1034 100 on', i such manipulations were attempted TRUST rOMPAMES, The large consumption of copper, Penn 13000 Mercer MotorB Maaabl Iron. Motor Wheel. Natl Uept St. XiU 8t pf 1 11 10 37 08 100 Saoo ioo noo moo 700 BOO 300 100 III!) MOO mo 100 mo io. 800 100 wo 2000 100 sou aooo 1400 100 H200 moo liOOO too 10 moo- so 100 moo 1100 000 IiiOO SHOO woo 100 1100 181100 7200 4100 1)00 20 coupled with the probability of big demand in the future, lias sulted in an attitude of indifferen Pennock Oil.

12800 Ued Banks. 14000 Itoyal Can Oil. 3P00 on the part of the local leaders so 3 IS 2', IS .25 .20 .22 -24 IS IS IS- '4 19', 184 19 14 13S 40 46 40 2 3 24 2S- 10 13 -1 .22 .21 .22 1A 1S 8'4 8'i 8'5 4'i 4 4S IIS 1314 14S 1S .10 .17 .18 6 5'j 6 0 14 21', 24 2lS- 124 12S 12S- OS BS 3S IS 4S 4S 3 3S .03 .92 .02 20S 33 21 1S 47 .15 .10 12 12 12 112 .92 1 12 .17 1 I 1-1 .30 30 .30 OS OS 9S .18 II .18 .07 A TRUST IN TIME Nat Supply Co. 300 far as tho London fluctuations are Th Bowery Savings Bank is and bow Kin Branch ftl Librrtj- St. New York, Maroh lt23.

A quarterly dividend at the rate of VOt It I'ER CENT. ir annum hftf hnn uni 1 1 1 be i-red 1 1 t'd lr dp posit ors for the period etirifny March 31. on all fiiiniB from (ir to fS.Ortft, ami will br pKyahte tin and after Monday, April 16, Money depollM on or lipfore Airll will draw I ntr rent from April 1, 1933. Dividend trill he credited and paid nimrlerly Instpad of an heretofore. Mnt ner delays In farm work, but in Kli'i MO'i 88-i Hi -1" lOlVi 87 no SaltCreekProd 8200 concerned.

New Flct Pub. New.J?rByZiti i 07 0 1 83 laltCreek con. 400 From well-informed quarters it Is 170 Id 33 117't on 150 ISO 30 13 180 learned that there was no increase Santa Fe 5200 Cann eta. Tl pf bonds would be. ready for delivery lOil's 102', in the production of copper durlng 100 811 on the following day.

Iflunctuations in foreign govern 313 1H the past week or ten days, due mainly to the inability of the copper 10J' ment Issues were small; Mow that 07 10 101 80 companies to get sufficient additional io'i- lo.i!,.- 100 -1 a the world in general has become HiH-lU ll'ilH 100 so 12 men to increase operations. Jt 03O0 Stand Oil. 10100 South H. 02000 Southn Sta Oil. 28200 Texan L.

02000 Tidal Oaage. 300 Turman 10:100 Vulcan Oi! 1300 Western Statci 1000 convinced that. the. French are in the NVC Ht.L. Us Not infrequently, in our 33 years of trust service, an estate which has been mismanaged has been turned over to us to straighten out.

This is all right as it goes, for it is better late than never. But the time to arrange for the management of proo-erty is before, not after, complications develop. We will be glad to talk to you regarding the protecting of your property. 11000 Ruhr valley to stay for a while and lue of trial, and it is still rather wlv in the season for delays to for much, cotton traders evl-dontly believe that there Is every m-obabillty of an increased yield next season. They expect a larger acreage to be planted, more fertilizer to used, and they also expect, a more nornl and more intelligent effort c- control the boil weevil.

These atures, of course, merely establish "round for hope the actual crop prospect Is by no means established find the. weather will be the deciding factor. GRAINREVIEW There was a very feverish under- B0 -1 41 that the many pessimistic predictions known that many leaders are in favor of bringing up the output of their properties, but are meeting with a labor scarcity which has been 8000 70000 1000 .00 .03 I 00 85', n.i!i 103'i 100'i 110 which were made before, lite pouus marched into that territory have not come to pass, holders of such Issues 14 OtoU 81 H.l'j 02l no! I 140 LkV A Ohio jsl). lr'sulstra lty 7s tntlii like Phil Mice 1'hllllpa Isa difficult to overcome. Tho 'great 108 312 Alih 10 211, 38 11 .110 SO 00 01, 8.

a 43 .07 33 t.6'1- la lli- 102'l-l'i 110 10 Trtu't NorthAmPulp Onyx Hoaiery. Oneida Corp. Paltte Detroit. Peorieaa Mot. Penn Prima KadiO.

Pub Scrv J. PuhServNJ pf. Pyreue Mfg. Kadio Itadio pf Reo Motor. Kepcttl Candy.

Rep Jtwy pf Republic Rub. RosenCrain pf 30 I 09 -1 Wilcox Oil. OH difficulty is that skilled miners can 22200 05000 are not as nervous. A good measure WILLIAM K. KNOX.

Prohidrnt. not be obtained in many sections. 31000 2000 10110 20000 of the uncertainty has disappeared tii iiil .00 01 oo 0'', V'i I 174 Hi 4 3 .07 When the properties were shut down Proa. VKTOU A. LKnSNI'R, Vlf Mlnitu'.

In fact, bondholders arc now paying 4M )4 102H Htl II (I4 WW more attention to the more impor 3500 early in 1921 many of the skilled workers left tho district and quite 10.1 ioy tant domestic developments. PKIU'Y (i. PKLAMATKH, A. HTENM'H'sK. Conu.ircllpr.

number have never returned. It 2' 0', 1 22 lli. 43 Z'b .08 Alaa Br Co. Alvarado Mln Am Kxplor. Ana-Am Corp.

Ariz Globe. thePIOPLES For instance, the possibility of in nation is being discussed, particu 101 ioo ooo noo is now considered unlikely that they will ever come back to the districts .22 111, 0.1 21 IV 07 100'i 101 on'i B.J1, larlv in view of the rise in stocks, .07 104'i nu'i 117 -1 100'i. 101 no3 li -2; cotton and sugar. The bondholder TRUST COMPANY Bust Corp 40000 .11 33'4- as they must have obtained employ ment in other lines. Kxport business In copper contin believe that speculation in tnose LOCAL STOCKS AND BONDS lJuoServ NJ la 20000 Hobt (lair 7s.

100(1 senisltoe. 13000 hawslteen 7s. 800(1 dhof 1'Tna OHs. 1000 Sloss MheC 6s. 14000 Solvay etCie 8s 8000 Cat Kd 8000 SWBellTel 7a.

6.1000 ti( (1 14a. 2000 MuilNY 7s, "-6. 2000 Htoimy 10000 KtOllNV 6000 commodities will be checked before .21 l's .4.1 .24 104 87i 87 Schulto Shelton South Coal I ued on a satisfactory scale during the Resources Over $50,000,000.00 it has gone too far, but remembering moo 1 ooo l.MMl 30000 past week, and prices fluctuated with .10 1919 and 1920 cannot neip out nave 10: I Butto West. Buttc-N Calaveras Cop Candelarla M. Canarlo Cop.

Caribou Cop. 101 'i Ori those of the domestic market. little fear of what, might happen Spring BA 60ii l4 08 tone in trie wheat market in the past week and price changes were feverish. There were several bad sinking spells which carried the market down 2c. to 4c.

per, bushel from the linal of the previous week, which were due largely to heavy liquidation on the part of longs who had become nervous over the weakness in the stock and cotton markets. There was also a good deal of uneasiness over rumors of a better re-di -count rate and reports that leading banking interests were inclined to look with disfavor on further of values in many directions. When the other markets rallied, (Quoted by L. A. Norton 55 Nass Street.

New York CKy.) BANK AND TRUST COMPANIES. NATIONAL BANKS. Quotations for exports at the end again should such moves bo too ex 8 1000 2000 50800 700 C2000 3300 UOO 400. f00 25 600 100 100 1000 of the past week were about 17.15c. I'm pi T84- Stand Motors.

Stutz Swift Swift Co New bond financing for the week per pound, free alongside ship, Is'ew I'hlno tsxt 10S 2100 10 210(1 3S00 .28 40S 2'4 S'4 1914 100 8 10 17 12 806 York harbor: 17.23c. per pound, fro- was small, there being only one large ConCopM new. 1 StOtlNY 76,23. 12000 on board, New York harbor, and Issue. The issue in uucstion was me Tech Pr Corp.

Tech Color Cont Miuea. Copper Canyon 17.40c. to 17.45c. per pound cost, in offering of the Oriental Development 100 8 10 1" 1S 3000 21000 surance and freight, European port. Company, of 1 9,900, uuu 3U- St Oil 'SI.

SONY Via, Sun Oil 7s Oil 6s Tenr. El Power 10314 ItUli-lri 104 1034 101 107 107 107 100 10.1'i 108 107'j 107-1, 107i- 108 105'i lO.I'i-l', 102!) 10i' ll no', on1, oii', 00 4 10 iw 1021 I02't Wi 103 104 10,154 101', 101 4 Kli 1 1 I'l 100'i 915, 20', .41 60S )9 10S 108 8 10 17 13 370 53 .33 112 IS -l the price being governed by the dis KINGS COUNTYr. I TRUST COMPANY ii 342, 344 and 346 FULTON SI. car 6 percent gold aeoeniure ooncis. Corteia Silver.

CrcasonOoldM Crown Ftcs. Tlmk Det A wl 4000 0000 20000 ft an external loan, out is uncoil tance ot the shipment. Title Guar Swift Co ts'Sl Tidal Osage. dltionally guaranteed by tho Im-nerial Japanese Government and is Davis Daly. Tobacco Prod.

6000 Dolores Ksp. Todd BOND MORTGAGE CO'S the first important offering from the 2'i t', 40.1 403 iiO.I .10 .50 -AO Sii ali 6, 4- .0.5 .00 .0.1 .01 01 2'i 2'i- so 4'i 4'i 4', 2 1,1 1'. .73 .07 .71 .01 ..10 .10 .1.1 .10 .2.1 .20 22 .85 .8.1 85 .0.1 .71) .72 .70 .40 II .44 01 .45 .4.1 .00 4.1 .4.1 .45 11 8'i 8'i- 1,1 13', 1H1, 18's .71 .00 .70 0 Fnr Wast in some time. 12 360 -4 33 'j 27'4 l)a 33 .01 111 -9 1S 1S Torbersen Axle Trinagle Film. BUSINESS INCREASES Doit OH Pd 8s.

53000 Un Ky of 7s. 0000 Vacuum Oil is Ortooo Valvollne 7a. nooo Wayne Coal (is 1000 Dryden r'orty-ninft-M. Forluna The heaviness ot the Dona marxet Leaf and the uncertainty which overhung 103'i 103 103 00 00 OH 111 111100 1700 1001) 200 1100 21000 11200 100000 MM) 0700 S000 47000 22000 7(H) 10001) 100 1010J it because of tho talk ot an increase Receipts of the Bond and Company for the fiscal year Foreign (OYornniciit Iloinls. In the rediscount, rale and th Gadscn Cop.

Gold Coin Gold Jackpot. Light 20 200.) 27.1 800 23000 100 10300 2400 1200 moo 2B00 UOO 100 100 Metal Caps. Capital, $500,0001 3,500,000 JULIAN D. FAIRCHILD. President JULIAN P.

FAIRCHILD Viee- i WILLIAM .1. WASON. JR i Prpeltlent' THOMAS A Socreoarvfc ffOH'AKD I. AseL-Lint Kecvetaiyi ALBKHT I. TABon Assistant He rotuiyi 3.

NORMA? CAFtPKNTKR Trust OfH -crt ALHKltT KCKKHKON Aiiflitort Interest Allowed on Accoui.il' Subject to Check. Special rates on Certificates of Deposit. amount of bonds which have been offered, but which are lying on the 100 tS'j CnitProHtShg. Dividend rni. Bid.

Asked Chasa S-'O 317 oi Klrst M12 3J3 Cireonpoint "I'i 1:00 'Irving' -Columbia $13 -35- -45 Nassau $ta 200 Public, new $16 300 310 STATE BANKS. Amrriea $12 25 Anierk-a $13 L'SS Corn Exchange 420 437 Manhattan Co. (H-0 par) SIS 14J Mechanics Ill' titt 276 Montauk $6 170 fitato -flC 310 300 TRUST COMPANXKS. Brooklyn $-4 475 490 Kings County $.0 goA T. new tf) jDO Mnnufaniitrera -HO Mldw-ood Trust 1-53 I'tjples $0 S4u TiLle Ouarantec Tiu.t.'U- 33 o70 TITLE COMPANIES.

I Bond Mort Guur 2RS I First Mortsage $3 75 Home Title liOTi 1 1 I Lawyers MertgRge $10 11 P.7 Mortgage Bond $7 in 117 X. Y. Title Mortgage. 11H 1 P3 V. S.

Title 58 K'7 135 shelves are reasons for tho slowing 100'i 41Va HO 40', i 8 00 'a LTiil Ret Candy 1 0S 6414-1 01 Argen 80000 Italian Gov 7000 Nether Mex 228000 Mex Gov 170000 Kep oi Peru 8a 10000 KUKSlaO c- jmooo Swiss Gov 6 i.l.s 8yo.ni up of new offerings, 'mere were Dublie utility offerings and some in 100 08' 1 1 l'i BUS ti 102a 1l, Golden Goldtleld Hecla Hill Hollinger Uomestake. Union Carbide Un Fhoe Maeh. dustrial offerings, it is true, but with few exceptions they were relatively Un Shoo pf. 12'i II 2 40'i K'2'i Itlll Utah Ida Mexico 4s. 20000 small.

MONEY AND EXCHANGE The Street Opinion months longer without making a new high average, though we expect the railroad and equipment and, possibly, the copper and steel stocks to make new highs in the next few weeks. ox Call. High. Low, ne-newfll. Deposits Mads on or Before April 4th Will Draw Interest Frorrf April 1st Lust.

IS Men Who Earn $10,000 Yearly should put $2,400 each year into safe investments. (Five in the family.) Our Budget Department can tell you why. If you want tually to store up this money to build an estate for yourself and yourfamily and get a good return on these funds in themeantime, you will find First Mortgage Real Estate Bonds an ideal investment. Right now there is an opportunity to purchase a few of these bonds yielding 6HH and we advise you to write at once for full information about them before they are entirely sold. A.ih for Booklet American Bond Mortgage Co.

INCOftPOKATIO Capital end Surplta Ortr 345 Madison N. Y. City March 26 March 2" Hornblower Weeks- The tech 3 ended Feb. 28. 1D23, were $2,120,483, against $2,044,785 for the previous year, according to tho annual statement to stockholders.

Net earnings wore against $1,167,798 for the year previous. Dividends were $960,000. There was added to undivided profits $423,766, against $207,796 the year before. and undivided profits amount to $7,023,144, against $6,599,378 the year before. "During the year," says the report, "the company issued 10,400 policies insuring mortgages to the amount of $94,000,000 on properties valued by Its appraisers at $1 70,000,000.

The mortgages were disposed of as follows: To individual investors 5:54. (100. 000 T.i trustors Tu savings banks l.noo.Oul, To eorporHltons 1.1,400,000 To charitable, religious anil ediu'Htlonal institutions 6.000.00;) "The above sales of guaranteed mortgages, both in number and amount, exceed those of the. two proceeding years combined. Thes figures do not include extensions of maturing mortgages, which during the year amounted to 000, 00'J and covered 10,300 separate March March nical is very strong.

If reaction develops at this level, it will only be because insiders are determined arch dl Holiday. No Saturday Market. ON Mixed CoHiUeral. to put stocks tower for purposes of 60 days. accumulation.

We do not believe that this ts the cane, the general level of prices and the stage of the mar- Miirch T7 SO days. 4-8 mos. 6 Ti Ms 5 1 i ti'i li S4 Mnrch ILLUMINATING POU'IiR COMPANIES. Brooklyn Bnro Gas fS Kings Co. Liffh.ing Kings Co.

Lighting pf 'i N. Y. Q. L. L.

Hi N. V. Q. K. L.

P. pf. li 7i BON D3 Brooklyn Pto i'ins tia SO N.V.AQ.L.L.P. 1st mtg ja 6'J INDUSTRIAL AND Hemphill. Noyes Co.

The stock market has reached a point which makes necessary the careTuJ selection of stock pucehasr.s. for nnalvsls shows that many stocks have discounted a large part of balance sheet betterment and earnings possibilities. Co. The situation is reminiscent of early winter time when groups gather around the frozen lakes, convinced that the fee is strong enough to hold skaters, but deterred from btriking out because the red ball has not been officially raised. Mnn-Ti et's development being aguinyL such firth 30 a conclusion, un the other nana, March the widespread popularity of short papkil Othor namr-s.

-f months. soHing and the vast amount of selling done by commission houses on balance in the past few days both indicate that further rally is likely before reac'Jon is resumed. Some March March agair this is the level at which support i- received. Garden, Green Co. liquidation induced by rumors of an advance -in the Federal rfdi.svount rate, together with an indicated inemisc in the fchort interest, has actually and potentially strengthened the market structure, in our opinion.

A refiVx of this improvement should be witnessed in a resumption pf the spring rise, particularly in securities representing industries that are profiting greatest and give promise of earnings well in excess of dividend requirements. Co. To those who are inclined to the belief that the upward swing to stock prices has come to a definite ending, we would say that for such to be the case ft would ignore two factors for which there vould be no precedent reaching a culminating point that would include the least number of groups ever wity nessed in any major upswing, and the continued business expansion. While the market may hold temporarily within a trading radius, profitable operation may be found in buying the soft t-pota to sell on subsequent bulges. A.

J. Johnson Co. The market March time between now and Wednesday's close we look for higher prices and if you did not sell stocks on the rallies this week we would hold them now OUR DIME-A-DAY CLUB BANK ACCtlPTANCKS. 00-80 Days. Eligible for Rfidiacount.

Federal Reserve. Members. Xon-mei libera. Senri a Dailv Dim, fvr I SUM 'R SAVINGS BANK uit.ui .1 uitixiKi.A v. for such opportunity as may be presented in the next few days.

J. y. Baelie Co. We look for an Increase of interest next week and Anier. Manufacturing.

$3 lite lid iAmer. Manufacturing pf. Am. Machine; Foundry US Portion liili Co. J9 I Hrookl: City H.

fi 0. SO 9 Bikn Stoiag-s Bueli Terminal ao 70 Bush Teriniiial pf JS 73 S5 I Child's Co. (Rest.) com. H'J Hi Chilli's Co. (Kest.) pC.

$3 lvit '3 liJ Coney IhI. At 3kln. R. U. E.

W. Hiiss Co i'l :7 U. W. Blias Co. pf $4 53 Lagie itor.

SS 0i) Intflrtypa 1st pf $8 IOO 103 Sirrfrenthaicr $10 17:1 liS National LiciuoiiL-e Su i0 tiO National Liquorice pf 75 jr, National Kuur 10 4 P.ealTy A.sporiatc; Ifl Itohurt Galr Cu. 7 ivt Union Kerry Co 1 fiu Shonnard Co. The market suggests the utmost caution in making lonr? commitments and policy of strengthening speculative accounts by realizing sales. The market is beginning to disregard highly favorable developments. This is suggest e.

Wrenn Bros. Co. We believe in a. conseratively Ijullish not based, howt verAupon the expectation of any substantial movement of The National Bank of Bay Ridge Fourth Avenue at 50th Street, Brooklyn, N. Y.

4ai 1b 4 "Pa Ut 4ft4 'i 4 aa4 a Holiday. 4a4 4 4 "ia4 better prices for many of the best steel, oil and motor shares. The sugar shares stoutly resist attempts WILL OPEN MONDAY, APRIL 2, 1923 to lower price levels, tiood support is seen in the tire and rubber issues. P. F.

Cusfck Co. While under Your Inspection la Invited Corn Exchange Bank; NEW YORK Capital nurf Surplus OOO, 00 Or, Iti(MIKi. ttKS(IIKiM Rrooklyn Mranr'i Cont A .1 ora Ipmon St'5 XUtl'iiah Av. Uraiich 1 3 X- 1 FIh lush AV.J i po'n HrniKh Maoiitt. Av? Mvrtle Av.

Branrh Myrtle Av. tt 2 South Brooklyn 1) ranch. .70 Hamilton IjondOQ. 4.6! 4.1.8 Bi OenoK. 4.S(i 4.S2 4.9-1H 5.01 prices into new high territory.

Hfrsch. T.IHenthal Co. The lying conditions are sound, technical reactions can be expected. VVouid itMeea Th? Only Local NatiouaJ Sank in Car Ridn Owner! and ConlroMd by the Residents of Bay Riii-c An Independent Bank Gives Aatnrance of Personal Attention to Its Depositors advise agains-t buying at random or technical position of market fins iYSTEM Marh -S -7 March March Mrirch 30 March 31 March Murcli -7 March March March JTnrch "it fi.ro 27 Mfirch 2 MiTch 'Jfl March March 31 Match March 27 2S March 29 March :10 March 31 has had a. good reaction and Us technical position has been improved tterlln.

Holland, Stockholm. 'Jkud guess. Clark. Childs Co. Hailroad thereby.

We look for a. rally this been greatly improved by the reaction of "unt week. Willi th- oi lower rates for call money we expect to see an improvement in many of the industrial stocks and believe the spring rise is near at hand. stocks offer many attractive oppor SEEKS TO BUILD NEW LINE Washington. 31 The Northern I'artfic Knilway por-miHsion of tho Jnlorstate Commission to const vurt 30 mils of tunities for buyers and Willi the opening of real spring weather we may expect the net income of the grtuit lines to show better returns BANK of the MANHATTAN COMPANY 40 W.

I Street, New York llrnoklyii OIHrn St. John's PI. Cypress Hill. Clly Line 26. wo .004 7 "i V.9.Z 26.0 8.31 Holiday.

.0017 39. 3i. 2-7 S.vit nor Belgium. Spain. land.

r.71 Vj ,.47 s.r.a IS. a 18.47 1S.4C, Iloliiiay. s.4tJVg COMMERCIAL DEPARTMENT W'o rvcaivf clinking' accounts nf flrmn nr in.nvirlimls on favorable tpruiM. and shall pi rased to moct tlms-i who contemplate makinK or npnintf aocountp. tntrst paiti on aci-ounts averaging Jl.tfttO ami owr.

4'i INTEREST DEPARTMENT Thrift iurmmtis opened from $1.00 up and pfii on all amounts of :..00 or more at tho rate of i'o per annum. fV FOREIGN EXCHANGE Our Foroign kxcliansre Department o.ters complete facilities for tlnancinff the exportation and Importation of merchandise. We iue Commercial Letters of Credit In Dollar. Poundu Sterling, MiLrlij. iyuiicb.

Lires and other currencies. Travelers" cheeks and money orders for Bale. tno neavy volume ot gross Surpliis Jfc Undivided rroflts. 112.712, line in iioHobud County, Montana, in ordrr to reach coal lickls located there. cost of construction was noi eiveii by the week in the oils, njuipmcnts and motors.

Iirumloy. Chamberlin Co. While individual stocks are meeting support, and pools are still active we bciieve. that on sharp advances prolity be taken. W.

IJ. llut.on Co. The recent decline in values has made some wry pood bargains on which holders will he abl" to realize the coming week. American I ee as I nn i so possibilities tor the patient hold-M. Goodbody A- Co.

In our opinion the chances nn about cnual the bull market that began in 192 1 ended last fall, at b-ast f0r industrial stocks. Sine-' then, except tor the sharp p'ji'iinn in November and the minor reaction of the past w-'fk. tiio market has o.i a biIi I JACOB Si'HAKKlOR President VU'p T'rrsid'Titf IJDWIX V. HAKLOW KHNKST Tl'TIXO A LB CUT II UILlt n( i Morris Smith While we feet that, an ai tempt will be made utilize favorable showing as revealed by annual statements of several corporations, it is also likely that constructive developments will cont! hue in anticipation of an carls" solution of gra'c international Henry C1-wp Co. IT hish prices depended upon good besiness ami mover, current quo.

at inns would move up to sr.lll further record level. Uuring th" past week such hef'tatiop has must be attributed largoly to the testinc of our Mcney and V-ankin'r pcLitlon business than many of tlirnwshowed for February, whn operation was so much hampered. Block. Co. We would use rallies for the present for rales.

Kuying powr is it will require fresh bullish inllurnces to lift priees. We think stocks sold on rallies can be replaced lower down. MeClave faet that stocks nun'ing into new histh territory do nut continue their advance and that stocky bought in new hih It rritory have shown losses of three THE CHASE NATIONAL BANK OK THE CITY OF NEW YORK i HAMILTON TRUST BRANCH 1 101 MontRKiie Street. UIRKCTOR8 VOtXGSTOAW AND ASHTABULA UONDS. Washing ton, March .11 Piunburg YounMtown nml AshttilMila Hailwuy whh uuthorizfd Ly tito Intt-rKtuU t'ominrrtv Com mission to ixru firl t-nrrnl morttfnpo "ci cfui bonds.

At sumo llni.i ln roiuniiisston atitliorized tin Vnnsylvania Kailroml to iUfiuuu- nhility with n-spc-ct to payment of Interest and principal of the bonut'. oi i homi; V'n1oriok J. llouk nrc irh of mail and lVnnsyh unia an- oITcrins" to tlio publir Km pprt'trit (int ijoh of nch on tioTp.obd ir. Bolifliro Tho property in af l-Jllnir'1. Ciiirns, Uoliis and tnr of Quorrm.

the b'li'dH nro to he rrt-ctou by Queens VilJage Homes, Inc. MLN m. Retired .1. ilAKKUMAX, Lawyer JOHN' rrULHV. Ut-n.

James AI.IOJRT TIlun.HKONX. Dtpartment b'torr- KDWIX W. HARLOW, KF1NKNT TCTIXO, Heal Estato and Inuranco JACOH UCHAEFISR Prcfiident TKK BANK OF AMERICA I to five points, nuggets tbat the ad Eslmbiistaed 111 With thlrh Ii Merted rUI Bi CO.UFA.Nt As It may remain on this plateau some which has been in progress. vance has ended for the present.