Evening Star Newspaper, March 30, 1922, Page 26

26/8 FORTUNATE SALES OF GRAIN - BY..OHIO FARMERS BIG FACTOR| i]mpr'oved ‘Business Conditions in Cleve- land Area Credited to Farm Prospects. ‘Situation Elsewhere. BY GUY T. ROCKWELL. Bpecial Dispatch to The Star. CLEVELAND, March ®on for improved business conditions in this territory is the fact that Ohio farmers have sold a very considerable portion of their grain and sold it ad- Lantageously. Latest agricultural re- Ports indicate there are only 63,700, 00 bushels of corn on Ohio farms rompared with 80,000,000 bushels last year and 64,000,000 two years ago. There remains 7,000,000 bushels of svheat compared with 9,000,000 bushels jast year ‘and 11,000,000 bushels in 1920. But 14,000,000 bushels of oats remain on the farms as compared with 31,000,000 last year and 16,000,- 00 in 1920. ;+The steel business in this section continues to improve. Youngstown reports that the Carnegie mills are working #t 90 per cent of capacity, while five of the company's six blast furnaces are making. pig iron. The average production at Mahoning Val- fey plants is 70 per cent, while un- filled - tonnage represents operations Tor from six weeks to six months at the present dchedule. Nut and bolt manyfacturers are enjoying greatly Increased business. One of the larg- @st building and improvement projects Sn the country has been started at Bhaker Heights, a suburb. Apart- 30.—Orie rea- e 7th AND WEBSTER STS. ‘These houses are different from the ordinary box house. - leeper and have larger rooms—an specially for parties desiridg to remt fiat and still retain sufficient space for themselves. Take 9th Street Car to Varnuni Street N.W. and Walk East 2 Squares FORCE YOUR HOUSE TO PAY FOR ITSELF YOU CAN EASILY RENT 2D FLOOR FOR ENOUGH TO MAKE MONTHLY PAYMENTS “INSPECT TODAY | They are muck 3616 and 3618 Park Place N.W. . Facing Soldiers’ Home Park Large Lots, 32 Feet Front Open on Three Sides Take 9th Street Car to Otis Street N.W. and Walk East 2 Squares FINANCIAL. ments and homes which will house 1.075 families will be erected. Slow to. Feel. Stimulus of Crop and Farm Conditions BY DICK SMITH. BSpecial Dispateh to The Star. KANSAS CITY, March 30.—General trade and industrial conditions in this territory are slow to feel the stimulus of improved crop pyospects and in- creased farm products prices. This fs explained by the fact that the greater/pant of last year's crops have already been marketed, and the in- greases affect farmers only in the hope they hold out for the future. Spring retail trade is being retarded by-cold, rainy weather. Bullding, es- pecially the erection of dwellings, is active, and is increasing as the weath- er permits. This' activity has been accompanied by a lessening of un- employment, and farm work is ex- pected to take up some of ‘the labor | slack in the near future. Loans by {country banks are increasing slight- {1y. which is usual at tbls season, but the borrowings from the Kansas City Federal Reservé Bank are lower than at any time in two years. The amount of flour produced by! southwestern mills is' showing a steady increase. The figures for Feb- ruary were 7.1 per cent-larger than | for January and 31.2 per cent larger than for February, 1921. The" mid- continent oil fleld is increasing its production, and anticipation of the i are . built ¢oil strike has resultsd in gieat ac- tivity at coal mines in thig. section. Trade No Longer:Sgotty; Say Northwest:Reports BY. PAUL C;HEDRICK. Special Dispateh to The SEATTLE, Mareh' - 30.—~General business conditions in"Seattl¢ and the Pacific northwest are improving slowly from week. to week. Trade is no longer spotty in character, and varjous lines of activity have gone far toward finding their normal level. The old established lines of business almost without exception .report a volume of businesg much in excess of last year's. The last of the com- mercial “war babies” have been elim- inated, while stable and established enterprises are coming into & more saUstactory condition from day to ay. & Better Conditions in foreign ex- change and in the business situation in’ Europe and the orient are being directly reflected In the commerce through this port, which shows every sign of healthy tmprovement. Condi- tlons in Alaska, however. which have a direct bearing on business on the northwest, still are very unsatisfac- tory, particularly in the southeastern portion. Much is expected from Pres- ident Harding’s coming visit in the way' of co-ordinating government ac- tivities in the northern territory, nowever. Wholesale grocery and dry goods dealers continue to report improve- ment in the volume of trade, with dry goods running far ahead of last year. Commodity" Reports From Various Sections Fish. PORTLAND; Me., March 30 (Special). —No formal opening prices have been named by Malne sardine canners; and it is probable that they will name none until they begin to pack, April 15. SEATTLE. March 30 (Special).—New frelght rutes on. sulmon from .Alaska announced by the Admiral line and the Alaska steamship are §2 a ton lower than last year from southwestern Alaska poirits and $1.75 lower from southeast- ern Alaska, - Rice. NEW ORLEANS, March 30 (Spe- cial).—So heavy have been the demands for rice for export that it is estimated the old stocks will be cleaned up well before the new rice comes on the market this year. ) Cottons. * CHICAGO, March 30 (Special).—L« cotton goods jobbers.announce that thi fall prices for ginghams in this territory will be unchanged. Glass. PITTSBURGH, March 30 (Special).— United States Glass, largest maker of pressed glass and tableware, is on a 65 per cent, production basis. Domestic business in table and other pressed ware is growing in a most satisfactory way, while foreign trade fs dull. Rubber. AKRON, Ohio, March 10 (Special).— Production at the Goodyear Rubber plants’ has new passed 22,000 tires a month and is still being Increased. 3 Steel. CHICAGO, March 30 (Special).— Three new hotel projects are in the market for 20,000 tons of structural steel te be delivered within the next few months. YOUNGSTOWN, Ohjo, March 30 (Specia]).—Steel plants of this dis- trict are on the highest operating schedule since the latter part of 1920. Ingot output is 75 per cent of ca- pacity, sheet 65, and tube over 70. ‘Wool. PHILADELPHIA, March 30 (Spe- cial).—Wool prices are being well maintained , here, the prospective agreement on the tariff schedule hav- ing served to stiffen prices. Coal HARRISBURG. Pa.. March 30 (Spe- cial).—State constabulary .are being reassigned so as to make them quick- ly available in case they are called on by the sheriffs of coal mining countles to suppress disorder arising from 2 possible mine strike. PITTSBURGH, March 30 (Snecill). +Whitney plant of H. C. Frick coke tion; Cadillac Victoria 1920—in first.class me- chanical condition. This car ‘is priced right for perfect mechanical con- dition. Packard Twin-Six Roadster —in first class condi- repainted; a real bargain for some one. Overland Rogdster Here is a 1921 Overland 4 Roadster in roud con- SEMMES MOTOR COMPANY GoopVaLuesIn . USED CARS - The good will we enjoy as dealers in Dodge Brothers Motor Cars is worth too much to be endangered by the-sale of a single Used Car that is not good value. Our first thought in this department, as in every other, is to make one ‘more fri JM Touring seven-passenger ing, quick sale. painted maroon. A bargain. . Reo Touring 1920—Five passenger D“"’:" Brothers touring. This one is in 85 vires 1919—In good m: cal condition. Ford Sedan ' fine sh: buy for me one. Fords Several late = dition for $350.00. priced right for sale. 5 Hudson Super-Six 3 : t Touring Model-H, in Dodge Brothers 5 . ; { - g00d condition for Ambulance 2 N 3 $300.00. Here is 2 real Ambu D lance with an extended s wheel e. . Spec! . Oakland Sedan *_ body. condition gusran: - 1920—Oakland Sedan - teed. Don't fail' to see - repainted, looks like if interested in this new, $700.00. J style of car. - ’: 613-619 G St NW. Here is a 1921 -Jordan in . fine conditidn, echant: 1921—Ford Sedan, e and a good ., models, Roadsters, Tourings,” Sedans, Coupes that .3 P quick . end for tour- - real Tour- ‘In’ § ik < being, made ready to resume op- eations agter an (dleness of elgnteen hs.. Workmen are lighting 260 ovens and preparing others for re- sumption. : Carpe: ~NEW YORK, MARCH 30 (Special). —It is expectéd many new and at- tractive patterns. of floor coverings will be shown ‘at the auction sales of Alexander Smith & ‘Sons here, which will begin April 3. Buyers from all over the country will attend. Mmilk, MINNEAPOLIS, March 30 (Special). —~—Milk is now being _sold to the ¢on- sumer in the Twin Cities at 10 cents a quart. State officials declare this is ‘the lowest price in effect in the entire country. on. ST. PAUL, March 30 (Special).—The state oil inspection fee has been cut to 3 cents a gallon. Economy in oper- ating the service resulted in 8 saving of 370,000 last year and permitted a reduction from 5 cents, the former rate. Lumber. . SAN FRANCISCO, March 30 (Spe- clal).—A slump in the demand from the southwest is noticeable {n the lumber market. This has lessened | shipments, but. in general the mills :Iepor! a steady call from other sec- ons. ’ es. CHICAGO. March 30 (Special).— Light cowhides are in demand and holders are standing out for better prices. BOSTON. March 30 (Speclal).—One of the larger sole leather manufac- turers is reported to have bought a large quantity of heavy packer hides. Demand for “sole leather, however. continues qulet. Cottons. . LAWRENCE, Mass.. March 30 (Spe- clal).—Arlington mills have closed down on orders from management. The Pacific, Everett, Katama, Acadia and Monomac mills are all affected by the strike which followed wage re- gucllon of 20 per cent, effective Mon- ay. Furs. NEW YORK. March 30 (Special).— More than 185.000 squirrel skins will be included in the offerings of the New York Fur Auction Company sale here April 24. Among other furs, 18,000 kollnsky. $8.000 raecoon, 110,- 000 marmot and 118,000 skunk skins will be offered. Paper. ERIE. Pa. March 30 (Special). Paper mills in this section are work- ing only three to four days a week, but it is possible that this schedule may be increased shortly. Notes. OTTAWA. March 30 (Special).— Cost of living in Canada is steadily declining. This decline, however, has been far less rapld than the fall in cogt of living in the United States. Prices iIn general are about 60 per cent above the level of 1914. The Canadlan sales tax. which operates as an Internal tariff, is declared by many to be largely’ responsible for this state of affairs. CHICAGO. Margh 30 (Special).—Al- though fewer bullding permits have been " {ssued here this month than during a - similar perfod last year, building construction is expected to receive added impetus from the Own Your Own Home exposition now in progress. Everything of interest to thosc contemplating buying, bufld- ing or furnishing a home Is on view. Builders say prospective. house own- ers show much interest in cellar con- struction, emphasizing the need for a cellar workroom. PITTSBURGH, March 30 (Special). It is estimated the total number of workers on Plttsburgh district pay rolls this month will show an fin- crease of over 20 per cent over Feb. ruary figures. February employment showed an increase of 25 per cent over January. === e - - DRY GOODS TRADE LAGS. Some Mills Withdraw Offerings, Awaiting Sure Uptrend. NEW YORK, March 30 (Special).— There was no quickening of interest in the dry goods market tbday. Some mills have notified their agents to withdraw goods until prices become | stronger. There were reports of shad- ings in wide print cloths again, but the market for 38%%-inch 64 by 60s and 33-inch 68 by 72s still was con- sidered 7i4 and 8%, respectively. Eheetings continued the mainstay of {ntcrest, with export demand stiil in evidence. Pajgma cheoks were some- what soft a drills and sateens in- aotive, - - - - 5 > Raw.silk quotations were nominally about the same, but the market was not active.. In fimished goods price ¢yts which: present bargains have stimulated sales. —_— BAR SILVER QUOTATIONS. NEW YORK, March 30.—Foreign bar silver, 65%; Mexican dollars, 50%. LONDON,. . March 30.—Bar silver, 33%d per ounce. . Money, 3% per cent. Discount rates, short bills. 3a3)4 per cent; three months® bills, 3a3% per cent. . —_— FOREIGN EXCHANGE. Belling checks—dollar values at noon today: 1 e e e e | Rizzs Realty 5s (long BONDS CONTINUE " LPHARDSHING Bpecial Dispatch to The Star. NEW YORK, March 30.—The up- ward swing of bond prices went on ‘without interruption today. The de- mand for securities of all classes In every quarter of the list not amly pushed - favorite issues up substan- tially, but took in numerous bonds which ‘are ordinarily quite inactive. Conditions in the exchange, money and other markets, as well as good trade news, proved helpful. Current offerings, too, were fully subscribed for; and trading at a slight premium began in at least two new loans. Foreigns Held Steady. Most of the forelgn bonds kept steady today. - However, the Mexican issue, the 43 and bs, made new high records for the present move, and so did the Japanese 4%s of 1925, Sao Paulo §s and Rio Grande do Sul 8s. These last named, although strong, did not participate to any extent in the recent advance of foreign issues, and are now getting into line. Liberty bonds during most of the day held around yesterday's closing. United States Steel sinknig_fund 5s continued thelr rise. The public util- ity bonds were especially aciive. Tre new Canadian General Electric Company, Ltd., fifty-year gold deben- ture s, series A bonds, offered by the syndicate this morning at 101 and Interest, to yield over 5.90 per cent, were quickly taken, and they were traded on the stock exchange for the first time. High Records Bettered. Previous high records were bet- tered by Ann Arbor 4s well across 71; Norfolk and Southern 58, Union Pacific convertible 4s and New York, ‘Westchester and Boston 4%s. Atchison convertible 4s of 1960, the Erie bonds, Rock Island general '4s, Delaware and Hudson convertible-5s, Virginlan Raflway 5s and New York railway refunding 4s were among other railroad sccurities to advance materially. _— Washington Stock Exchange pital Traction 55—$300 at Potomac Electric ‘Light g. 903, $5.000 at 9%, £6.000 BONDS. Bid and Asked Prices. PUBLIC UTILITY. aod Telga. 4s. . and Telga. 415 nd Tel. ctl. tr. & Asied. 803 Anacostia and Potomac guar. s, C. and P Telephone 5s €. and P. Tel. of Capital Traction R. City aund Suburban bs. Georgetown Gas Matropolitan k. R5e Potomac Elec Potomac E g MISCELLA. D. C. Paper Mfg. 6s. Riggs Realty 5s (short Sev. Btorage and Safe De Washiagton Market 5s, 1 hington Market . ML Cold Storage 5. STOCKS. PUBLIC UTILITY, American Tel. and Teiga. 121 Capital Traction Washingion Ga, rroik and W, sh. Rwy. umbla tional "Metropolitan Secon: . Washington . TRUST COMPANY. American Security apd Trus - Continental Trust . National Eavings and Trust Union Trust .... ‘Washington Loan 5 SAY Commerce and Savings 100 East Washington 14 erchants' 147 rity Savings and Com.... 208 Becu Seventh Street . Natiepal Unlon 2 TITLE INSURANCE. Columbis_ Title . 3 Real Estate Title MISCELLANEOUS. Columbia Graphophone com Columbla Graphopbone pt D. C. Paper Mfg. Co.. Merchants’ Transfer and Storage 4 Gt fumised by W 5 e s o | MR R A " u -13% | 0ld Dutch Market pfd. 7 9 190" | Lanston Mo u D ey Copenbages (21 Sreahingtan O S £ ngtan 2 2 Christiania 17 Stockholm .. (28 zEinten Amsterdam Belgrade 1 i Montreal 1.1 7% By tre Assoelated Press. SR NEW YORK, March '30.--Foreign exchange steady: Great Britain, de- mand, 436%: cables, 4.3734. Sixty- day bills on banks, 4.34. France, de- mand, 8.93; cables, 8.98%; Italy, de- mand, -5.08%:" cables, 5.0 Belgium, demand, 8.36; cables, 8361. Ger- many, demand, .31%: cables, ".31%. Holland, demand, 37.69; cables, 37.75. Norway. demand, 17. Swedey, de- Dénmark, demand, 21.10, Switserland, demand, 19.42. Spain, demand, 15.50. -Greece, demand, 4.45. Poland, demand, .02%. Czech mand, 1.82. Argentthe, de- 75, - Brasll, demand, -13.75. 9TY. PREDICTS QUIET YEAR. CHICAGO, March 30.—Interest rates wiil_continue to fall and thy ue of liberty bonds will rise,. Prof. David Friday, president of the Mich- igan - agricuiture School,” -Lansing, told members of the Industrial Club of Chicago. “The demand for capita will not be.so very active next yea: he sald. “ot . the By the For the of this bank—. CHECKING ' We surpassed tuwenty-one other lacal banks in the growth of Depzfifs:;"efzen the last two calls of the Treasury Department, " Come in amd let us demonstrate our “Constructive Service” . BANKING TRUST | I“ These famous words by the immortal Lincoln are characteristic BANKING IN ALL ITS BRANCHES: SAVINGS ACCOUNTS (3% Interest),, TIME DEPOSITS 4%, Imeresty 1409 H Street N.W. LITTLE WOOL BUYING. !orei‘n Strength Is Again Sus- taining Factor Here. BOSTON, March 30 (Special).— Strength in foreign markets was agsain a sustaining influence in the wool market tqday, but manufactur- ing consumers’ demand still falled- to assert itself. Some small. amounts of new wool are coming into warelouses here from the west, but buying on the rapges still is hanging fire in most sections. i THE EVENING - STAR, WASHINGTON, D. C., THURSDAY, MARCH 30, 1922 : - .BOND AND CURB Bonds. (Quotations furnished by Redmond & Co.) U. 8. LI A Liberty § Liberty” 1 Liberty 24 45 berty 1st 47, Hherll l’d‘fl. iberty Liverty 4th 41 Victory “4%s. oY letory 3% eamaaanas BrEaxam . Emm . OT IER BONDS. Argentine Ts 1 Belgium- 85 1 Dominion of Can: Republic of Chile Denmark 6s 1942, Dept. of Belne-7s i Dutch tast India 6s 1947 French Govt. 714s 1941. French Govt. 8s 1943. 107% City of Lyons fis 1 86% Nethariang g 1375 e 3% g‘l&nlhnfl O 1947 1o de Janeiro 8s 1936.. Switseriand S 1 United Kingdom 5 United Kingdom 5 At Atlas Powder 7158 1936, Baltimore and Uhio cv. 4%s 1933. Baltimore and Ohio 5. W. Bell Tel. of Pa. 78 1945. Rethiehem Steel P. M. lgmklrn Edison Gs 1949, C.. B & G Jt. 6Y%s 1 B & ¢ S 107 nadian Northern 615s 194 inadian Northern 1840. : 1930. Chesapeake and Ohfo cs. s 1940. M. & St. P. deb. s 1034. M & St. P. cv. 4%s 1982., . icago Northwestern 6138 1936. BRI & P. ref. 4s 1034 Ciicago Unlon St Ch C. Cuba, Cane Bugar 7Ts. Delaware and Hudson 7s 1980. Denver and Rio Grande ref. Diamond Match 7i;s 1935, Du Pont 7135 1931 Duquesne Laght 6s 1049, 101 Erie general lien 4s 1995, 451y Erie prior lien 45 1996.. a1 Geeral Electric 6s 1940. 105 Goodyear T. & R. 8s 195l 901 Goodyear T. & R. 63 1941 114 Grand Trumk 6s 1935. 1014 Great Northern ¥ 1075 Great Northern 5%%s I 261, Hudson and Man, ref. 5x 793 Tillnols - Central 5w 1934 2013 Int. Merc. Marine 6s 1941. o514 Int. Paper 55 “B" 194 84 Iaterboro ref. 55 1960, 003 Kansas City Southern 3y 1850, 651, Kelly-Springfield Ss 1931, & Lackawanna Steel 3s 1050, 81 Liggett & Myers 7s 1044. Loulsville and Nashville 534 Mexican Petroleum 85 1936. M K. & T. 1st 45 1990, Missourl Pacitlc gen, 4 M. Bt P &S B M R. R. gon. 4148 196 R. R. 53 1988... R R 6 ins” R, R Public’ Service of Reading gen. 4s St L & K. F. 4 st 1907.. Seaboard ‘Air Line Sincialr 75 193 Siuclair 7Ti3s Southern Pacific.1st ref 4= 1053 Southern Pacific cv. 4a 1929 Southern gen. 4s 1956 e 1004 Railway 8%s 1956, Tidewater’ Ol 6i3s 1931 Unfon Pacife cv. 4s 1927, Union Pacific 6s 1928.. Union Tank Car 7a, 1980, United Drug s ‘1541 T. S. Realty and Imp. U E. Rubber Bs_1947. U.'S: Rubber 8. Steel S. F rginia-Carolina_ Che: Western Union 5s 163! 26 Western Unfon 6138 1936, . | Wilson & Co 1st 6s 1941 Wilson & Co. 7lis 1931 3 SHORT-TERM SECURITIES. - —Noon— Rid. Offer Alam. Co. of Am. - 102 5-18 102 9-16 Amer. Tel. & Tel. ... 100 9-16 100 11-16 Am. Tel. & Tel. 6s 1924.... 101 1-16 10] 3-16 American Thread Co. 6s 1925.. 100% 101 American Tobacco Ct¢ A 101 American Tobacco Co. 102y 102! Anaconds Copper 65 1929 ‘98% MW Anglo-American Oil 7ios 1923.. 10815 103% Armour & Co. 7s 1830. Bethiehem Steel Canadinn Pacific 6s 1924 Central _Argentine C. C. C. &Bt. L Cons. Gax of N 4 Cons. Gas of 109 ‘opper Export 102: Comber Export “A 105 Copper Export “'A™ 8 1043 Cudahy -Packing’ Co. 101 B. F. Goodrich: 985 ag1y Goodyear T. & R. 88 1051 Gulf Oil Corp_7s 1833 H. J. Helos 7s 1930. 99 09 100 9110108 1508 - Iy Hocking Valley 65 192 . 995 Humble 0il & Ref. 5n 1923 100 13-16 100 13- Kansas City Term. @5 I - 1001 Kennecott Copper 18300000 102 Practer & Gamble Te 1923 R. J. Reynolds 6s 1822 Roebuck & Co. ‘Sears, “Roebuck & Co. Sinclair Consol. Ofl Southwestern Fell Switt & Co. Ts 1923 Bwift & Co. 7s 1% Texas “Co. 78 1 Union Tank Car U. S. Rubber Co. Western Electric’ 7 Westinghouse E. & M. © 108 7s 1031, 1067, TREASURY CERTIFICATES. ——Noon.. Rate—Maturity. Bid. Offer. 4%s Juoe 15, i 10014 4o 100782 5% June 10013-32 1001, 5158 August 1, 1922. 100 21-32 1008 - 4355 September 15 19237 " 100 18-32 10033 5145 September 15, 1922.... 100 23-32 100 27-82 4345 December 15.” 1922, 100 19.32.100 23-82 4145 March 15. 1923." 1009-16 1001118 B&s June 15, 1924. 1081 108 5126 September 15, 1924... 1081-16- 108 3-16 4 h 15, 1925, fal B B 1015-16 101 7-16 101 1316 101 15-18 SAYS CUT IN RAIL RATES NOW MEANT BANKRUPTCY ST. LOUIS, March 30.—Rallways of the United States had total earnings in the last six months of 1921 of $5,000,000 more a-day than for a simi. lar period in 1916, but received a smaller net return than five years ago. Charles Dillon, assistant to the efi.lrmm of the western committee The Londo auctions are expected to {on pyblic relations, Association .of maintain their strength ‘up to the | Rallway Executives, told the chamber close tomorrow and the Uruguayan |of commerce ‘hefe. wools are practically all cléaned up. Australasan sales have shown some|operating ‘expens: small buying for American -account. ————i 360D FRIDAY CLOSING. - York Stock Exchange will suspend operations on Good Friday, it was an- nounced today. Most other local ex- changes will observe that da; mv{e. people, people” ACCOUNTS: & MORTAGE CO. - “BANKING HOURS L Saturdays, 13 Neen 830 A.M. to 5:30 P.a. || ing a2 plan to change the m ‘The latter half of 1916 provided of $6,140,000 a day, while in thé latter half of 1931, the operating expens: ere $12,000,- 000, he declared in answering the question why lower freight and pas- NEW YORK. March 30.—The New |Senger rates had not been reduced. Mr. Dillon said-a worth while re- duction of rates.at the predent time would mean bankruptey for most of the roads and said that operating ex- Ponses must be reduced first. :SUMMER HAT EXHIBIT. NEW YORK, March 30.—The week of ‘April 17 has béen adopted by east- ern milinery. traders time for the simulteneous showing of leading linss of hats for summer wear by loading concerns in the wholesale trade. The ovement .{8 part of ‘the. campaign ?«:r four millinefy seasons a yenr that was Efarted some time ago. by the Retall Millinery, Ass tion of Ameryi- ca. The success of the summar ha® showing held last year was such as to cause its repetition during the riod: mentioned. The tims chosen by 5'.. committee was thought best for the purpose, inasmuch as there is al- ‘ways a considerable number: of out- of-tbwn buyers right after Easter. “BAVAGE ARMS PROJECT. NEW YORK, Maitch 30.—Plans for fingn clnf by Savage Arms Corpora- tion will be set undef way in the an- nual meeting of - its -stockholders April. 4,-in which a plan authorising issuance and sale of ‘first mortgage *to be-jssued when and upon such_terms. and in ‘such amounts as the. board -of - directors may: decide,” will submitted. The stockholders will & asked to approve in the ment: -0l Arms the company from the Be: gpmrmwn the .Bavage FINANCIAL. MARKETS. Curb. By the Associated Press. NEW YORK, March 30.—Following Is a complete list of todays transac- tions on the New York Curb Market up to 2:15 p.m., with sales of each is- sue und the high, low ard last prices: | INDUSTRIALS. Low. 2:13. E2) 100 wou 10 Am Light Tra 4400 Brit-Am Tob Coy 100 Chicago_Nipple. 100 Cleveland Auto. 09 Continental Motors. 160 Delatour Beveraxe. 200 Deover R G pref. 200 Durant Motors. 2300 Durant Mctors” ind. 400 Eastman Kodak ... 500 El Storage Bat (i), 2100 Federal Telegraph 35 Gillette Bafety R 10300 Goldwyn Pictures. 300 Goodyear Tire. 500 Grant Motor. 100 Hall Sigoal.... 300 Heyden Chemical. 50 Hudson Man . 100 Hudson Corpn . 500 Int Sugar Cuba. 200 Intercont Rubber. | 100 Philip Morris. 200 Post Cereal 8700 Radio Corp com.. 1y 3% Bl 1000 Radio Cofp pld 3ty 3116 34 €00 Reo Motor Truck 208 500 Saguenay P & P... 300 Bouth 200 Btand 900 Standard Motors 700 Sterling Prod 1000 Swift Interpational 300 Tenn Ry L & P... 900 Tobacco Products. . 900 U S Lt & Ht com1 300 United Profit Shar 5 100 Union Carbide 5912 1500 Van Raaite 59 300 Wasne Coal ...... 91 1500 West Eod Chemical 80 300 Willys Corp Ist pf. 14% STANDARD OILS. INVESTORS ARE BUYING FREELY BY STUART P. WEST. NEW_YORK, March 30.~The mar- kets today emphasized once mgre the apparently insatiable appetite of the Ppublic for investment securities. This investment buving movement has now been going on with scarcel an interruption for nine months. It has forced old line mortgage issuc up 10 to 15 points, has brought about even more of n advance in second and third rate bonds, has carried the best of the preferred industrial stocks from a 7 to a 51 per cent basix. and has absorbed the greatest output of /; new capital in the history of the country. . Yet there is no indication at this present moment that this investment demand is nearing exhaustion New syndicate offerings o the amount of $10.000,000 were quickly snapped up today, the bond market pusied forward on another hig turn over and high-grade rallway stecks, along with numerous industr! sues, reached better prices than they have previously achieved this year. Strength Is Dominant. Besides this demonstration of 1 vestment buying power ecvervthing elge in the day’s occurrences was of Inferior consequen Sterling and Continental rates went higher agail but were still well below the high Ppoints of ten days ago. The main intérest in the exchange movement just now lies in the rea tion of the market to the latest Ger- man reparations developn: pecially to the refusal of the Ger government to accept the terms 1922 1a§d down by the allied comi The " fact that sterling, fra even marks should have depressed. but rather should risen. in the face of this new 600 Anglo-American Oil 17 plication, is further proof that ex 25 Imp Oil Canada change rates are moving primarily D Dol EIpe e under the influence of international 600 Btan O Ny w i 1% trade conditions and that polities 2300 Stand Oil Jodians. 867y entirely a secondary factor 50 Stand Oil New Yrk 316 (Nt was perhaps the broadest of the year on the stock JSDEEBRDEST OIS and also one of the most active. 5 2000 Allicd O The test had come in the first three 000 Bosten Wyoming. 5 of the week, but a strons ci- it oy B fort was made in speculative circl to_bring about a reaction P The upshot was to show that the main drift of prices had not changed, that therc had been no distribution 3 : to speak of in important hold . e 2nd that those who had sold out es- # Fensland 0il change to buy back cheaper, were GiHlland 011 destined to be disappointed. o enrock 0il It could not be disputed that tic Hadeco 011 market vesterday and today came Iotennsiicnel bet back much easier than it had gone Kirby detrolenm .. down previousl, Livingston Petrol .. Nog, only all the ground jost 1000 Lyons' Petroleum betwgen last Friday and the follow- 700 Maracaibo il ing Tues morning retraced, but 10300 Meridan Ofl many of the leaders went higher th 300 Merritt Oil before. Maxioo Besnoard This was true of such representat: Mexico Ol . industrials as Studebaker, Baldw Mutual 0it Locomotive znd Bethlehem Noble 01 and it was true also of som: o Am_Oi rails. om«?‘u‘.‘i.’;n o2 Industrial Features. 8100 DmariOS. ..o There were many special move 2o Eriaocamand I Rer industrial stocks today, some of them quite important, but with very littls 2 in the way of news or fresh gossip S0 Simma Pete | to explain them. Shares of truc 100 Spencer Pet . companies were in demand. especially 300 Bxells scit s International Motors. There was B Ol Hand ¢ | some sympathetic buving in White 1000 Wil O ew Motors and also in Pierce Arrow Yoo Woodburs The pool in Bethlehem B Steel co 3000 Y tinued to push its favorite ah with the utmost confidence. Bur A e Brotaers stocks were quietly bought 0 Alas-Brit et. 3 20000 Alpha Mipes. . Raflways Favored. ) Anglo Amer Corp. With the railway stocks it was a 300 Beiener: Dy, . se of steady absorption of selecte: oy Beicher BxLE issues without any effort 1o acceler- , 000 Bioth Sining ate the advance. The rise in Waba 7700 Boston A above 30 is set down by simply as a reflection of carnings. Creation of new high records for 100 Cons the year by many shares, including e yries Hve > such favorites as Baldwin and Stude. 2000 Divide. Exten: s baker. influenced greater streng 8000 EI Saivador and breadth to the afternoon dea 5000 Eureka Croesus ings. Rapid advances in certain fs- 00 sues indicated an apparent reduced / 2o floating supply of stocks at current et % |levels and the entire market betrayed 1200 Gulvr Kock © ; 23 {a more uniform tendency than for 1000,Hard Shell Min. 20 20 some time. Liggett & M TS gained 200 Hecla M aing. 5% 5% 5%, National Biscuit 2 and Stude. 1?% g""ml; G;“'cd o3 :'a baker, Baldwin, Reading, Interns- owe. Saund 2" tioral Motors and Savage Arms. 15 20000 Independence Le > 2 1% f 000 Jerome Verde DIv 3y % |to 2% points 3000 Kewapan oo ) 5500 Lone Star. . 08 .08 SUGAR MARKET QUIET. 1000 eNam Min &Mili: 11 U U | \pw yORK. March 20—The ras T M kAN o ;‘-:zlsufinr market was quict early today 5500 tional Tin . 48 48 46 and in the absence o usiness prices 12100 Nevada Sil # Mio. @3 02 * .03 |were unchanged. Spot Cubas were 1000 NITeg ng daied S oaS i g% |guoted at 2 8.3 jcgnts cost and ousolida 087 077 .08 |freight, equal to 3.89 for centrifugs) 2000 San Toy Mining.... 08 08 06 1o Lo ol 17 Anrn et 2 516, equal 1000 Silver Dale KSR o S o A A < oi% ot%] “The raw sugar futures market was 6000 Stewart Mining 30 11 |quiet and prices at midday were un- 3000 Tonopah Northest K changed to one point net higher, with 100 Tonopsh Divide operators inclined to hold off and 102 Tomovah Exteosion 1 awail develbpments in the spot mar- 200 oty Gold s et “ 1500 ted Eastern C, S OCH ; No further changes occurred in re 2000 Vorcase Diride - fined sugar. The demand was again 4000 West End Cons of only moderate proportions. 2000 White Caps .. Fine granulated. 5.25 10 5.50 100 Yukon Gold ... There were no transactions in rc- BONDS. fined futures. 10 AlliedoPack G ctfs 56l i8rs - sen | ARL & % |\WESTERN UNION EARNINGS <14 13 1921 Report Shows Net Equipment 1 to $0.65 a Share. ) NEW YORK. March 30.—Net earn- *¥ 13 % {ings of $9,633.80% are made public in 2 the annual report of the Western % Union Telegraph Company for 1921 ktt 9915 | This was equivalent to $9.65 a share /J 4 Gol Gravh & < 3" jon-the $99.765,726 outstanding capital raphophone 5 | stock. 10 Cous Coal Lo 5s. IS4 While gross revenues were 13.2 per 3 Cons Textile 3¢ 9 lcent lower than in 1920, the com- 3. Copner ExiA s 103 . | pany’s largest vear. this was largely 3 Cobor T Auy 194% | offset by a 12 per cent -reduction of 12 Deere & Co. 1538 981 | expenses, the report showed. After 2 Federal Osage fs. 1003 | adjustments and dividend payments 33 Goodrich Tire 7s 98%; | surplus was $43,063.692, as compared 3 Grand Trunk 6% 105% 1 with $40,685.210 at the end of 1920 20 Calt oL s 10813 | * The number of employes during the 3 Hood Rubber 1007 7 ,3233 year was reduced from 61749 to 87 Interbor R T 8s "22 79 T8 52,112, 2 2 Kenn: 5. % E 3 K -4C°c:f:& 2 gg‘: NEW GRAPHOPEONE BOARD. 5 Lib McN & Lib 7 a9y 2 9% | NEW YORK, March $0.—New in‘-r- 1 Lukens BSteel 8s:... 100 = 100~ 100 " | ests haye been added to the board of directors of the Columbia Grapho- phone Company at the annual meeting - of -stockholders, held here. The fol- 2 lowing were elected: B M. N. Buckner, chairman of the 13 York .Trust Company: Charl A 4 Cox of Robert Winthrop & Co.. W. C. 10 Dickerman, vice president of Amcri- % can Car and Foundry Company: Van | At Horn Ely, president of the Americar 1 Railways Company: H. J. Fuller. # 1¢ chatrman Gilletie Safety Razor Com- -3 pany: G. H. Kinnicutt of Kissel, Kin- 5 & .. 1 108 1nicutt & Co.: F. W. Sibley, vice pre: 1 Solray et Cle Ss. % | dent_and ‘industrial representati & Southwt Bell Tel “ | the Bankers Trust Company: Harold 3 Stam ol jStanley. President of "the ‘Guaranty 4 Sun Ol 78 1013, 1013 1013 | €ompany; E. E. Thompson of Cra.e. § Swied and o 102'?. o jors | Parris & Co. T. F. Mc(.lellatt_ihxfld‘ 21 Swift and Co 31. 1013 101%5 30ii; | Douglas Parmentier of the Al ar 2 Toledo Edison 7s... 105~ 105 105 | Industrial Corporation, and H.L. Will- 3 Utd Ry Havoa 102% 102% 1023 | gop, president of the Columbia Graph- v e o] 108% | ophone Company. = 108% | “'An organization meeting of tie new board has been called for today. Some of the directors elected repre- 17 Argentine s ‘23. sent creditors of the company. g g‘ Allegre R il OFFERS TO BUY FLEET. ‘!?llnufll-: 20% | NEW _ YORK, March 30.—An offer 20/ Rassion t6 purchase twenty of the Shipping B Suiin S Board's best freight vessels has been £ ' ymade by the Do!’ll; sxuguhlipRCgm; : it is reputed here. Capt. Rober CAN MINING BEVIVES. |pany. it e reputed here. Capt. Robert MONTEREY, Mexico. March 30.—| 1o Rave offered $30 ton for the ves. e to Much is being done In mining dis- 30,0 %005, “ore. Capt. Dollar tricts and smelting centers of north- | ern Mexico in installing new plants and machinery. Imports of mining hinery from. the United State: how a TAg icrease. The Penoles Min- ing Company is installing six addj- tional furnaces to its smelter in Tor- reon. It is already operating two furnaces. The Potosi Mining Com- pany has. received machinery and equipment for a new reduction plant at Sants Fulalin, state of California, and will. have a capacity of 200 tons a day. . In-the Guanajuato and. other dl%cu there has been a. revival Sfimining.operstians. . ; ; i R bought four ships from the board early in the year, paying about $30 a ton for them. iie is considered one.of the shrewdest and best in- formed men in American shipping. He.is said to have takexn the position that prices for.ships have reached bottom, and that therefore now is the time_to buy. —— Trafe men are disposed to antici-¥- pate -a general but gradual revival of business. Reports from some par:s of thg equntry indicate even more cn: mr. resylts than had been an-