Show F FINANCIAL AND COMMERCIAL I S WALL VALL STREET SIRE IN PROFOUND SILENCE Exp Experts Guessing on Real Condition Underlying War and Crop r r r h By nJ I er Iio Bron Private Wits 1101 r r. r New rw Yo York York- Au AUK Aur 23 The be The E p Po Pot t In Its Iti financial ne I review renew ln I today say UJ ay H it I Is Ii J frequently tb tite habit of a I tot toek market mM t Urr fter a period of e commotion and rapidly prices rices to withdraw lute Juto aD Itself sod and there theN alter to arcet Ilet t sit all 1 the development of nf tb the day j r int Important I r w whit the t stolidity HotT I if t tar t the tie sphinx Tills This tras th attitude tW d by iy I hit In- In during a ions beg stretch of ot SO n the i arly The Tho To t treaty of or London the tle S Inc lal or of Berlin sad not DU l the t p of ot Gr Germany m fn-m nm t their i mla miasma n m mi of oC financial distress the ot of the 5 the tie ei ayae aTJe wr r between en n the te B Ilo in goiC export from Irom New lW Tork York eli oil f c events swept pt tb the financial York York-oi rams non med meted n nt at sit Al oo on the thC stock stok Ck o pI ly ll It ba has bu b beu ea ro thia The Dews ot of lewt to the Crops erpa In the r r I t Welter U marked mirk core l belt down n with a hundred total tr thousand I bush bush- c cia I. I further r on cach ench torl fu f II e lay day far has hu alter alter- noted whit wll J h. h ft threats at nt the States P II lly withdrawn next I Pr Prices on n the llie 0 o hotel f of ot Trade net netI r r. r T t Cl to II one oue prices prIce In Vur n security markets the th- K Other h to thO r Il side p. p hut prices on the tho X New w York cs- cs have e for tor the mo mot mon t part stood 1 Xo yew or curb uch a G market admits of or Ito Inter lulu i. i e. e it I J Is I that tb the thc authors of oC lbs large IURO 2 end continuous Of stocks the tire fire wed ending 13 have bare I continued to ac ui in theIr order ordra but for tor the these J new ew tur turns In to i the thc h situation onu Th They y may even have but i 1 t absorb teen tnT selling their arnie th the tic miT market would sales without a break On OD the I brell other Ur band haDd nn 1 P the tle Cr Conjecture uro l is I admissible that thit I i after fh the of or abio o events were to c conic come about this thin time the m market may so to o speak haro A ht I ucb a tJ tangible ml misfortune a s the tho withering of ot c i th corn crop crp for tor other oter p predicted 3 did not come corao core to tn pas at nil all Ps l. Taking the tho broader view new of or th tIt brader general I sit sit- an and eliminating In cr Jm the te stock exchange it It self from rom the Jn the central fact which t roust th hare b cret d I Is that the lr leases so In tac the corn o belt hive to some omo e extent t marred g the tip t of itil ul revival for lor th this i autumn The h dramatic contrast b between lw n the outcome of ot the corn crop and that of ot other Ant crops crop Is one ne elation cool raton which h up upsets ts a o deal dell of oC f cal cal- But behind this stands stand sand the po of oC an autumn money market ket so II much mo more mon comfort comfort- able than any one ba bad expected ejected M u to off offset net ere th tho hea heavy hear ant lot Iou In the southwest lt and ADd the th I effect r t of ot the tle extreme extremely y i position Into Ille which the conn country try as a s a B whole ha b. b b. b lot Itself thron li It Its f. f economies precautions precaution and fortifying fo processes ei of or 01 the ps pint past t air lis month In 10 this kind of or the situation In 10 this It win will wi not An do to overlook what ba ha n been happening a broad abroad bI The e London cable site ft clear Idea Mca lonto JI of ot the change C for tor the t which whirls I I. I now t no goIng oln- oln on In 10 the tit bal en markets c confronted the up of or the German gold KOld to by far the best in lt it I lil y lIstor-y tory 17 fr til next heat with the rise rUc In the Hank naDI of England a agold i. i gold II to rie a level not riot at of this date itt lu II any of or the thC past put sixteen y el and aud tin fin Ills Ills' with nn the addition of oC gold EOld old to the French banks bank holdings In two to weeks weeks eTch nfl yn the tho skeptical k Rod nod Incredulous tur Kurop an on financial be driven to admit communities bau now n nw that the bl situation on the c eye en e of or autumn has 13 been radically altered lolow follows Stocks ln n a the New ew e York exchange ns os l NE V K n. n I sr New cw York Aus Aug The The The statement of or the actual condition u of ot clearing elt bonne loie ban s a and tru trust t companies for lor the we week k Shown IhO I that they hold bold reserve In iii excess of ot legal re r. r e. e This ThU 1 is a 1 decrease of ot 0 from irom last lat week k Tho The statement 1010 1 follows CUAL ACTUAL CO CONDITION Loins Loans LAns 1 1931 Increase S. S 60 Sp Specie cl Increase 1 J L Legal KaI Jal tenders Dere Net et t deposits t Increase Circulation tm Decrease 74 Banks Banks' Jokl cn cash caMi h reserve In vault fault Trust Treat companies companies' cash ab re reserve In Invault Tnt vault 61 I te cash reserve 9 lawful r reserve I i tr 65 I Tm Tout t companies rc with wih house mcm members cu carrying K 25 per cent cash cah Summary of ot State otate Itale banks and ani trust companies in n Greater statement New York l l Included rd Jn JD clearing Loans LaDI I Decrease I St ecle cle S Decrease r. r Iteal nl tenders 10 Tot Total pe pel deposits l i o is' is 36 COFIE COFFEE New Nen tw York u tur 23 higher French th c cables Mes and steady leady cost cot ml I nil fr freight situation cau ed cau-ed ed ad ad- At R tance e In the coffee o market today toor and after opening quit quirt unchanged to t 2 point higher prices cO closed d at from rem 1 to 9 points up bales Jales for lor the te div day lr were on only I August u t SS S. S October SS December January 9 March 9 94 3 May nr N co July 9 Spot steady Rio Io is 9 I. I i. i Santos Santes Mill Hid Ul dull tul Cordova Corlon nominal nominal STOCK QUOTATIoNS 1 1 II I. I I L. L I Cl 0 fort Copper 3 k A ran loral 4 4 American rr Beet Sugar an Can CIUI 33 1 referred b 3 3 3 m I A I Foundry 12 A ml C Cotton ton Oil 01 1100 5 45 4 1 H American American rl t Ic 1 i me A er r caD I 1401 34 3 33 3 i cn 6 63 A rc Cr 1 60 10 6 cn Sugar SUlar A Ame American me ICoD Tel cl I. I lO 10 American cao Tobise Tool A Co C. C 0 J n MI 95 Preferred 5 C 10 S 1 Cot Cst Line LIDe Ohio i Steel Steel h 34 1 Brooklyn Transit ss H C Central kater 40 01 33 4 Ohio 1 1700 00 IZ i Chicago l o Great Gla elern 0 1 CIJI Mu 31 St. St Paul 1 0 10 1 0 Colorado Jo Fuel k Iron I Cn ConSolidated Ga Gu nOn Corn rD o 0 1 11 n Delaware I Rio Itlo Crande Grante 35 37 35 Dr Distillers Securities 10 3 t Erie ErIc t 2 First preferred 46 General IU Great Northern I I C 1 ore 10 37 37 3 Illinois Central 10 i 10 16 1614 1611 16 1611 13 6 62 i 1 61 International harvester International Marine pfd 16 4 International L International Pump 7 Kansas Kamos City Southern 5 2 Gas GOI 1 Valley Valer 2200 1 14 Nashville 1 UHS 31 1 St. St P. P t 21 St St. t. t 31 l mf Kin RaD TeaM Tens 22 22 2214 Pacific 0 i h 1 soil I National Lend Lead S IS 4 N. N s. ni-s. of 1 13 New York rork Central N Y Onto Ont Western Norfolk 9 North ort American tul 1 7 Pacific 73 IRI 11 n 4 r Gas Go 4 13 13 1 C. C C. C St St. 81 Louis luls lIU burgh burh Coat Coal 19 rd Steel Car r C. r Chr Cr RC Iron Ic Steel el 11 sq S SHok Rock Hok Co 17 1711 Z St I. I Ii k S I F. F pill pM 10 Seaboard AIr Line is lS i 45 Sloss Ios Steel SLed Southern 00 t 0 90 2 60 24 24 Preferred i 79 e Copper 40 31 31 31 Texas Texa Pacific 10 1 1684 1 1614 16 UnIon Pacific 1 15 r d 4 States nN It C United States tat r 61 60 61 Unite States Steel 1 10 63 Dl Ir t C Copper 50 60 Chem Cher 1600 6 26 71 16 h 4 Preferred 4 12 1214 Western Maryland 40 Union Union 67 Westinghouse o 71 6 I I OI Lake o. IP 51 t Total t sales les for tor the day daT iG shares GRAI GRAIN A AND D PROVISIONS Chicago Aug 23 of September m r corn Cr la that t In fn the final trading tucUns carried prices of or that option opton down nearly 2 cents was WiS the tho tc feature tea fea turn ture of or the grain market today 1011 At the close corn m prices prIce were He to net lower Wheat lt finished at a a. net Det decline of or H e to ic tc Ci were down c to He e end on provision precisions were un unchanged to 17 1 c lower Improvement In tb the field since tb the r recent nt rains ralus w 1 the chief hear bear Influence In tb the corn pit and this was WIS increased in effectiveness h by tT estimates of r n a 18 large c increase In r receipts of or ca cash h corn cor In market t this week wk country county districts being having large stocks reported as u stok on hand laiI balt Leading Leahing longs If began tegan on to unload early crt and as tho day ilay ed the volume of ot the pl September option opton dumped 1 on the the- market became be he- came caine ore larger larcer There was wai n more than thaD the usual free Is-ce tre week end ceilIng of ot the other options and they declined nl also o but not to the extent of the tbt near months Ca Cash h corn cr In the sample market was waL off or 1 lV c to Dul Easier r cables s also helped tho tle a Wheat dropped with corn cor in spite of t reported uiles t for or export of ot about Abut 1500 bushels Improved Im- Im rot proved willing milling call cal foiled to help p prices price J. J nor could the bulls buls check the tlc downward rd trend es-cu es tel under n t II large c falling failing off oft in primary receipts The bears were sec tr helped ll by hr clear weather In Inthe Inthe the tle spring and t winter r bI belts belt favorable fas for lor lorhan or han harvesting threshing ant and marketing In the former for tor user mer an and for tor plowing and seeding In 10 the be later loter Trading In wisest wheat today was u comparatively Imal tuition corn cr receding the tle greater part pat of or at at- Free wiling llin of ot oats on expected c larger runs frt ui WU the country next week carried car el prices down A very cry Tr Iu KOW and aDr narrow market marke ruled In pro pr visions The The best bel business was wal ribs a local packer putting a large lono line Unc on th the market Ix futures ranted ranged as o tolo follows T wi WHEAT I I lOpeD Open I High I Low I 1 Clo Close Cloe e Sept 61 lire 1 ISi M I mj w 00 90 91 May 6 35 I CO Il ept tH 74 Dec DEc S 6 11 17 6 r 11 6 May Is 69 iO 70 05 OATS OATS- Sept 42 41 41 Jf U lU 4 In GH 4 4 IU t May Mar 11 41 47 16 7 n m 4 MESH I ter lIr bbl 31 00 2100 2083 2097 09 pt 1 0 I I 2 I 1 Jan Jan 1943 1945 13 I U. U 1955 ler lr LAIU 10 10 Ibs Sopt pt 1 I 1 1120 I i 1120 iio 1 1 10 Jan Ju 1 1057 1 I I I Ier ler 10 lb Ibs Sept 11 50 JAn Ian 10 11 10 I 10 1025 Cash Cosh quotations 0 2 s rl 9 S' S Sto No to 3 red rd S 81 1363 59 No o. o 2 r hUll hard No o. o 3 ul harl 51 S Xo No 1 northern 3 No 0 S northern No Xo I ri 9 n Xu No 2 sprIng No 3 91 I Sf O fh velvet t chaff durum durm Corn o lW Z 2 No 0 2 white No 2 yellow 6 o. o 3 3 No 0 S white No o. o 3 yellow 16 Oats lb- lb o. o 2 42 No ro 3 white 4 standard Hn o. o 2 2 40 Lord Lord-il l 1 1714 LIVE STOCK U. Chicago Aug Aug 23 Light Z Light ho hog receipts brought prices up Cattle b bell ld steady I adr Steep tol trade was Wi tul lull but prices plC were steady lend leXO market strong S to Sc Bulk ot of sale c. c higher lull l lIghts S 40 9 11 ii heavy hlIS 7 1St rO rough h I pigs I 0 market quiEt ull unchanged U ev Texas steers west west- ecu r stockers ff and U cows nd helter 36 0 S. S U. U ADt CO C muLl market steady Native O western I 90 yearlings lambs noU native l tt western rn jt SIO South O Omaha C C nl Ift m market steers fl- fl cows cow bolts western SteeN 65 iSOO s aol hc Wd calves 61 10 s market lowry no s Ho Itc y lI ht 7 pigs pI bull bulk oC lIa I lII siu-cp siu 1 0 r 1 Year u. u lIn tt lambs MoEY E MARKET U. New Nea York orl Am Aug 23 Irime 2 Prime nt mercantile pap Paper r T r AW li fiG reI Iu easy 43 for day 60 billI bill bill- I CO for tor maili dc hills bill bu c clInt t 46 J bonds dJ ull ad steady call po loans Time Tirol Money onIT on loans loan w 6 clays 3 90 lays 44 i six month r. r lt l J pOULTRY MARlET Ant Ai 3 5 rw 5 tw C yuk fIrm i k nn 5 19 19 fo fowls fowl 15 16 turkeys turkey is Hi i et- et fre h killed we westeri chickens chicken 1 1 l o n n 4 Jr turkeys 1 ft I I ADDITIONAL MINING I NEWS NEWS iii GILMORE DISTRICT HOLDS UP WELL Notes of Progress From G Gilmore Gilmore Gil- Gil more Mining Pittsburg and Latest Out Mining In the tile Gilmore district Is in ina a a. prosperous condition according according- to C. C A. A Fed a Salt Lake engineer who re returned returned returned re- re turned yesterday from Lemhi county Idaho There Is not much prospecting In tho the hilts hills but the developed properties properties proper proper- ties lies find sll shipping ores under the present present present pres pres- ent excellent metal market conditions profitable profitable- M. M M. M r. r Johnson consulting en engineer for tor the S. S A A. Ross ROils mines of the district has also Just returned from there with similar Ideas o on the mining situation In ill eastern Idaho where tho the district Is reached via a branch line from Montana At t the Gilmore Mining company's property Mr 11 Peet says sas the they are openIng opening open open- ing trig tl up a promising vein on the tho toot foot level Shipments to the Salt SnIt Lake valle valley valley val val- le ley smelters are aro being made from the work No effort has yet yot ot been made to on the ore This shipping product product product prod prod- runs 12 12 to 13 In gold to tho the ton with a bonus on the Iron values There Is a little silver In the ore At tho Idaho Pitsburg-Idaho Idaho thc they have b been en having a little difficulty difficult of lat late with water on au the level A new pump Dump Is being installed and directly this detrIment detriment detriment detri detrI- ment will be overcome However the shipments arc are continuous of ot the lead lead- silver product but will win be increased when extraction is resumed from the block of ot ground where there thero Is ample ore At the Latest Out Ralph Nichols is shipping some ore This Is In a a. vein rein which parallels the Idaho and veins The Latest Out has hu started a 0 new shaft which is now down 21 0 feet teet The Tile Gilmore district In general general gen gen- eral is holding up In a a. very satisfactory tory ton manner Mr fr Peet says WEST TINTIC GROUP CAUSES MUCH TALK There has been some ome little excitement excitement excitement excite excite- ment this week in local mining circles as the tue result of oC the discovery of a tine fine vein eln of silver lead ore on the tho Silver Dipper claims which are located on the north side of ot Desert mountain in the West Tintic mining district says the Eureka Reporter This ground was located about a year ago b by a couple of oC sheepherders one of whom Homer Hornor Prof Proffit t. t lost his life a 0 short time later In lB a premature explosion At the tho present time the claims arc owned b bj by Frank rank Harriman Richard Berlin and others The Sliver Silver Dipper group consists of ten claims and In the center of ot the property there is a wen well defined vein running north and south and It is on this vein that a shaft shot Is now being sunk The surface showing is exceptionally good for a considerable dis dis- tance along alons this vein and a n. few tew feet from the surface Harriman and Berlin located an on Inch eight ore de deposit deposit deposit de- de posit which at a a. depth of fifteen feet teet has widened out until It Is about three feet In thickness A few fe days ago apo wh when n local people returned from an in inspection Inspection In- In sp of the property the dump contained con con- tamed about ten tons of very good ore oro and pra practically everything C that was vas being taken |