Evening Star Newspaper, November 17, 1922, Page 28

ALL MONEY GOES UNDER 4 PER GENT General Motors Report Also . Favorable Factor in Ir- regular Trading. BY STUART P. WEST. ‘By 8pecial Leased Wire to The Star. NEW! YORK, November 17.—Judg- ing from the action of today’s stock market, liquidation had been pretty well completed In some parts of the list while in others it has not. Professional traders working for a decline today were able to make some {impression against the oil shares, against the rubber and tire stocks, despite intimations of an im- pending advance in tire prices: against the ‘independent steels and against the rails. It is not apparent that there has been any great quantity of invest- ment seiling of rallway stocks and bonds because of fears of adverse legislation. Stlll, it is a fact that un- certainty on this account has kept away new buvers for this class of stock, and In this way has helped to make things easier for operators on the short side. General Motors Bull Factor. While weakness persisted in these directions, recemt short sellers were busy taking in their contracts else- where. Equipment stocks, shipping shares and the motors all did better from the start. i The prosperity of the motor indus- ry was advertised in remarkable man- ner by the exposition of General Mo- tors' finances accompanying the re: toration of the common stock to a div dend basis. There have been few 4chievements in the history of our industrial corporations quite as strik- ing as the reduction in two years' time of $110.000,000 of liabilities and the dhange from a company heavily loaded with floating_debts to a company en- ;mlx‘y free from obligations to the anks, Call Money Lowered. For the first time this autumn call money at one period got down below 4 per cent. Loans were freely made on the stock exchange in the after- noon at 3%. What this reflected more smmediately was the heavy Wall street liquidation of the last three weeks, the severe marking down of stock exchange values and the falling off in new undertakings in the stock market requiring the use of credit. The paying off of commission house ldans ought to show in the clearing npuse bank figures at the week end, put it has not begun to show in the federal reserve results. The weekly statement of the New York reserve bank on the contrary reported an in- crease of over $32,000,000 in discounts as secured by government obliga- tions, which represent in large part Wall street transactions. Foreizn Bo: Stronger. Recovery continued both in foreign government bonds and in the foreign wxchanges. Both of the French e: ternal loans at one time sold nearl 5 points above their extreme low at the beginning of the week, and French exchange drew well across the 7T-cent mark In the early afternoon, thus making up the entire loss of the past month. This was an interesting dem- onstration of the extent to which the uncertainty over the French financial outlook has been exploited by specu- lation for the decline. Periods of Dullness. Traders working for lower prices made a strong point of the fact that “good news" in the shape of big stock dividends and increased cash dis- tributfon seemed to be falling flat. It was clear though, that while profes- sfonal operators were able to mark prices down at times quite sharply. they did not have the same degree of success in holding their ground as they had on previous days. Stocks 1ike Transcontinental Oil, Pacific il and some of the rubbers, which ;had been weakest in the forenpon, Garne back quite easily later in the a: The main characteristic, however, ‘was the falling off in the volume of Dbusiness and the frequent periods of “dullness intervening. This illustrated better than anything else the uncer- tainty In\ the minds of the sactive trading element regarding the imme- diate market position. BAR SILVER PRICES. LONDOYN, November 17.—Bar sil- ver, 321-16d per ounce. Money, 1% per cent. Discount rates, short and three months' bills, 214a29-16 per cent. NEW YORK, November 17.—For- ::x,: bar silver, 63%; Mexican dollars, —_— DIVIDENDS. Stock of Py Record. al American Stores Co., g, $1.75..Dec. 21 Jan. 1 Adantic, | Coast ~Lins " Co. 5. z Jan. American Locomotive Co., q, Bl Dec. 30 Dec. Jan. 1 Jan, 2 . .50 . Tesch &;f Packing, mo. 4i.; b 5 “alena Bignal Oil Co., q., Galena Sigmal Ol Cors e 2. Dec. 30 Dec. 30 Dec. 30 Moatreal Cottons Co., q., §1 Montreal Cotfons Co. DI, 31 Dec. 13 Jnn. 2 Dee. 1 Pacific O (o p Piggly Wiggly Ntore ™ t Jan. Jap. 2 Dec. 15 Dee. 15 Dec. 20 SHORT-TERM SECURITIES. Quotations furnished by Redmond & Co.) ——Noon.— Bi 3 . Offer. Alumiaum Co. of Amer. Ts 1023. 103k 103% Kluminum Co. of Amer. ix 1933, 105% 106} o8, 08L American Cotion il 6s 1024 American Sugar 65 1937, “Lmeri Copper E: «Qopper Expart lahy Packing Co. 7 Pont Tlas 103 Goodyear T. & R, S¢ 1931, 97 9 great Northérn 7 1838, 1005, 110 Gult Ol Corpn, Ty 1953 1088, 103 fumble Oil Siis 1932 o7 sas City Term. 6s 008 101 nnecott T T8 1980 108% 108% Tibby, McNeil & Libby 7s 1981.. 1013 102 ¥ Siras, 8. M. 6145 1881, 1027, 108% b & Co. T%s 1930. 106% 106 Penna. B. R. 78 s e, acalled Janudry Called February 5 Szl rpek e B TREASURY CERTIFICATES. Quotations furnished by Redmord & Co:) ioon.. Offer. Decem! March 15, 1920, s September 15, 1925 Dec. 15 | — | Kelsey Wheel. FINANCIAL,” NEW YORK-STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley pf. Alr Reduction. ceee B6% Am International.. 26% Am La France. Am Ship & Com Am Smelting. Am Smelting p Am Steel Fdy. Am Sugar. Am W Wkn 6% pt.. Am Woolen. Am Zinc & Lea 16% Am Zinc & 14 pf... 50 Anacorda. .. AT Awso Drv Goods. 62% AssoDry G 1st pf.. 8¢ Assaciated Oil. ns Atchison 01 Atchison pf. 92t Atlanta Rir & 1% Atlantic Cst Line.. 112 Atlantic Fruit Co.. 2 Atlantie Gulf. . 2% Atlas Tack .o 164 Austin Nichols. 2% Raldwin T.oco. Beth Stl 7% (n) Reth Steel 8% pf Brit Em Stl 1st pf.. 67% Brit Em Stl 2d pf.. Rklyn Fdison. .. ‘Bklyn Rapld Tran.. 18% Rklyn Rap Tr ctfs. 114 Bklyn Unfon Gas...14% Brown Shoe. . 7 ‘Rurns Bros (A). 29% Butte & Superior.. Caddo Oll.......... % California Pcking.. €0 i California Petrol... 43% Callahan Zinc. kL Central Leather. Central Leath pf. Cent RROf N J. Chandler Motor. Chesapenke & Ohlo 70% Ches & Ohlo pt = I. 108% Chi & Alton. 2 Chi & Alton pf. Chi & East IIl. Chi Great Westrn.. Chi Great W pf.... Chi & Northwn.... Chi Pneumat Tool. 78% Chi R 1 & Pacific. { Cuban Am Sugar. Cuban-Am Sug p2.. o7 Cuba Cane Sugar.. 11% Cuba Cane 8 pi..... 83% Davidson Chem. De Beers...... Eastman Electric Stor Bat. Elk Horn Coal.. | Endicott-Johnson.. 86% { Endicott-John pf.. 118 1 16% Gen A Tank Car.. 10 ¢ ksl { Gen Electric. | Gen Mct 6% deb. { Gen Mot 7% deb. | Gimbel Bros. | Gimbel Bros pf | Goldwin Corp. | Goodrl Great Mor Ore. Guantanamo Sugar 4 Gulf States Steel... T Harbishaw Cable.. 15 Hartman Corp % . 2% Intl Harvester. ... 108 Intl Harvester pf... 116% Intl Mer Marine.... 10% Intl Mer Marine pf. 46 Intl Niokel... 1% Intl Nickel pf. K 0% i Kansas & Gulf Co. e aiu): { Kayser (Julius). Kelly-Spring Tire. Bppusiyy 075 (5asusyEavg-2 08 coneng; dougey Foueg Fpysngey 975 35Egeniieg- L segeasfeninn, R E:;q; 1% 1% 19% 0 “ k(3 8% 1004 ' 1e 1% 1% “ I D Marland Ofl 1 08 1 2 " : Pacifi £ Loxd 1 % 2 Norfolk & Westers. 117 North American.. North American pf. ¢ 2% 7% t Y Dock. Y NH& Harttd. Y O & Western.. 2% 2% 20% Pressed Stl Car pf.. 100 Produters & Ref... 41% Producers & Rf pf. Public Servof N J. Public Service pt. Pullman Co. “ 843 1064 28k Pure Of1 8% pf.. Rallway Steel Spr.. 111 Reynolds Tob (B).. §7 Reynolds Tob pf B. 118% Royal Dutch 8t Joseph Lead. St L & San Fran, St L & San Frpf. St Louls Sopr pf. Santa Cecllia Sugar 2% Savage Arms... 18% Saxon Motors. Superior Oll...,. Superior Steel. Sweets Co of Am.. 4% cear 23% 6014 Texas & Pacific.... 20 Texas & P C & Oll. 1915 Third Avenue. 15% Tide Water Oil. Timken Bearing. Tobacco Prod...... 80% Tobacco Prod A. Tol St L & West Rubber.. Rubber 1st pf. T i l ! in, P d' i I ON NEW YORK BONDS STOCK nxcmnczl Grain, Produce an SERIUUS SHUR]'AGE H I Recalved by Private Wire Direct to The Star Ofice. Live Stock A = IN IUD AY’S MUVES UNITED STATES BONDS. RAILROADS. WHOLRSALS MARKET REPORT . . Closa. les les P 18% 183 ,000). High. Lew. Close. | ,000). . Close. |+ - 1% 12% : antyms.(?f u,n 10% 10010 10016 | Atchison gen 4s. s m.& u;u 3% | The market for poultry and poultry 159 159% . |Liberty 1st4%s s 864 9850 9858 |AtlanticCstLlst4s. 2 6% 864 863 | Products remained very firm this morn- 1% 131% 3 f}g:l‘:v:g :3- 0 moz W% %800 ng':"o"mc""fi“;"' 3 108 108 108 |ing. Turkeys were selling for around 45 A = rty 204 9856 9842 9 oprin3%s 12 9 8% 9% |cents, while chickens brought 29 and 30| o i ow ww|Great Confusion of Views ON |Liberty 4th 43s ess sess ses 2 |Bal&Ohiogolds... z & 814 81%|cents. Other products were unmoved. | SilVEr, Lead, Gold and Zin SUs e Victory 4%a°23 1m0z loom u0s | Bal & Ohlo g 12 100% 10% s ol s et Sectin i ‘ d i = ictory’4%s (c) 43 10006 10002 10006 “ 8% 81% 8% 2 4 & . e w0k Outlook for All For: US4Ks1952.co 181 ‘9904 9043 905D s St sus k| dled, per dosen Ease: average re- Producers Greatly in Need “ b pts, 56a57; , 56. Cold storage W a4 eign Issues. FOREIGN GOVERNMENT, STATE |B &0 SWaivane . o o ook ot Sl i n ign Issues. v3lKs... 5 9% 91K eEg, 28230, - . of Trained Men a o AND MUNICIPAL. EAynRT7e'f. . 2 8% @ ® | Live poultry—Roosters, per Ib, 15 S . s e (1000). High, Low. Ciose. | PR RET2 2 otfn. 2 % 8. % |turkeys, per Ib, 44ad5; spring chick- fl“!: s BY GEonGE:‘. HUGHES. e en":. ;:. % Buff Ro& Pitts4%s. 1 91 91 91 :;"-' ofl:l" lb:;lhzz:: keats, young, each, BY J. C. ROYLE. pecial Dispatch to The Star. B ' ¥ i , each, 28, Special Dispato % | "\iW YORK, November 17.—Bonds | Boisium ac, %|Canada SouthernGs..51 99 % 9% | Dressed poultry—Fresh-killed spring| NEW YORK, novent privy 2 fan North 6345, 2 12 12 112 | chuog RK, November 17.—Sllver, 201 | moved irregularly today with a ten- Canadian Pacdebds. 6 T 78% 78%|Cickens, per Ib., 34a35; hens, per Ib.,{lcad, gold and zinc producers of the 26 | dency toward lower prices. g:,.:;] of Gaconbs..11 9% 961 96% ;:‘r”{b nuzuerl. x;:r 1b., 20; turkeys,|United States are willing and anxious 53%| There was still great confusion of ntral Pacific4s.... 11 85% 8% 85% - B0aS5; keats, “young, €ach: |y yner 3 oot 0a80. . ease their working forces from ::“ olmn(oln about gle‘ou!lnok torr t:ntro:(; P &'&fi%fi‘!. s 1; 1:'%/. 1214“ lm i Llr;:dTlock—Cllveu,zc{xzn‘re,"‘pler 1b.,| 25 to 100 per cent. They cannot ge! elgn issues. Gains . were register: P % sess ; um, per Ib., 12a12%: thin, Der|the men. Whe: Tm in* most of the European issues which cn.hf'&fifi::?fiv 1‘92 ; r?;/: 32 :z""/: hb:s ‘:l’.' Iffifiofhoxc.n--p?fnmio‘.'-f closed down ;u;m: h:n ::\‘-ec‘ed w;" 16% | have been under pressure of late, and ChiBAQIst&reSs. 2 04 9% 99| ber Ib, 55, 00 4o duction at the time of the stump & 2 | the same was true of Brazilian bonds. Chi& Eastlligen5s. 10 80% 79% 79% | Green fruits—Apples, new, per bbl.|metal prices aft : i 11%4 | It cannot be sald, however, that sen- Chi Great Westernds 11 503 60 503 | 1.0026.00; per bushel basket, nearby| er the war trained 2% | timent toward these issues was much | Chile 8s 1941, ChiM & Pref4%s...22 6% 6% 62% |50a2.00; delicious, No. 1, per bbl., 7.50 ners scattered to the four wind: 7 |improved and until it does improve | Chile 85 1946. 102% 102%|ChiM&StPovbs...21 72 1% 7% |00a2.00: Deliclous, No. 1. per bbl, 7.50{and few have returned to under 15% | the effect on the balance of the list |Chinese Govt Ry 5s. 5% B4 |ChiM&P4s19%....68 # 8 & |OF3Nges, per crate, 5.0026.00; Florida,|ground employment. They have 29% | is unfavorable. into the | Christiana 8s. 107 107 [ChiM&StPevdigs. 8 o1 61 61 |E00ao00 Lemons, per box, 6.00a7.00. | found that their experience has fitted 15 e Sipnart wi, ameplots, g B, TelCWebEmTAt L 8 2 8 |G ST, Conioupen bon | ety 5 opily o8 aca'en” % s, .+ 2 107% 107% 100% | Vegetables—Pot 3 Y which pays far more thar above 98 at one time today, and help- 96% 96% | Chi Rys bs. egetables—Potatoes, per bbl., No. 1.|slugging a drill and a 1% |ed the 7345 to_a lesser degree. City W R R e Pariof e, & B T4 Th4|150m200; per sack, $00a250; No. 2| huzardous. are far lese of Greater Prague 7%s advanced cus -00. Sweet potatoes, North Caro-| The copper mines h 1o {nearly threo points. The decline in 08 108 cm'{r?.‘;aflz?o:‘?:;, 2 U uDE UDC[Ine: LOML0 mearh LA ot | e ate working il ihe B the price of this issue was the most % 9% 8. . , 90% 3 ate, 50a1.25. Roma! - | require fo turn out the amoy ¢ ™ ¢ i Chi& Windcon4s., 5 78 7% 73 |tuce, per crate, 50al.25; Iceberg let-|¢) he amount ot severs experlenced by any foreign . % BU[CCCaStLrer6sA. 3 101 1005 101 |uce, Der crate, b.26ab.i5. Cabbage,|warramts. Fhiy 1o troe oF s s orier 1o | listed bond and the rally hae oalo. | utch East Ind 65 ‘62 2% 9% | Cleveland Term 5%s, 16 108 * 1005 10g% | NOTthern, 1.25a1.50 per bbL: neardy | districts all the” way crom® sioir. 29 |vak 8s gained frationally. Paris- o4 %% | Colo& Bouthern 4%s 3 85% 874 8o | Cabbage. per bbL, 126al50. EEE-|to Arizona and from Michisan. b 88 |Lyon-Mediterranian 6s did the same. % ok plants, per crate, 3.00a5.00. ' Tomtoes. | California. The wase scoie o mor. 1% | Dooartment ot Beine 1s advanced |Haitiéswi.. %V 9% Del& Hudlst&tf4s1s s &ng a7 |PeT, DOX. mearby.’ 2.00a6.00. ~Beans.|perent men has tarned. sharply up o e ine ALl the Belgian | Japanese 2d 4} 2% ®%|Del& Hudsoncvbe.. 4 974 oms oms | Gouthern, 1.75a3.00 per bas Peat. | ward anu is not confined to the 1on s |bonds were higher. Japanese s T 7% | Del & Hudson 53%s... 2 10075 1008 1001 | LOQR4-50. per baket, Peppers, Per|is'formeriy demanded by unions At us Other Insues Unsettled. Lyons€s. T4 4| Den& RioGeonds... 3 % T W% |50al00. Spinach, per bhL,. 106a1.50. | Belr representatives. &%/ The market for rails and industrials | Marse Istref6s. 23 48% 4T% 48 |Lima beans, per qt., 60a70. Celery, per Copper Demand Isproves. 5 | o da very npertion. A large selling e % G |DgMonesaFtoer & 4 & |doz, 503100 The buiiding trades, h 1% | a8 very unse . A largs I troft United 4%s.. 7 % 8% 8% Eelbulidin rades, however. are : B |3l i slen ermao sanenviog =ats % il Ercen exite e T ug® ue” 15| _ GRAIN AND pmovistoxs. | Secuall brinking copber outlof fhe a 7 fcount of m;n'.el institution. Liberty S 3o% | Bris Somam ek A TTORE Nocember 1 (e o i«.,cmal')m; copper,. brass onds all sold lower, but the declines reeen b | —Potatoes, te, 100 pounds, 50al.15; | sheets, piping, hardwar d lightt: e 4418 |ibonds il aoldlo 109% 109% | Brioconv4sA.l 1l { @k Mk W 100 pounds. Toaldo; Sweew, Ubl. 100a|fixtures and wire, arc. estimated a1 26% W ¥ Eslp"“h"”nfim' .ugg,,dpm? Toni ek Glr.;:ul’:k):l‘x;r::. -2 8% 8K 8% }izln:ull’(:l, 35&30 : ..bl.soa :ell Sver 150,000,000 pounds u vear rie ¢ el “ 5, ., 1.00a2. Lima, bu., cCore A B EIK | e con e A Al Hudson and | Queensland 65 ] 104 1014 | Grana Trwnk ra o % 18 K 0 | eats, 100, 3.0044.00. Brocoll, b | irades 10dax. " This 18 un Increase of ;% e = [ . So dl an 3 110% 110 110% | 3 today. This is an increase of U7 et 16% Manhattan adjustment 5s. Missourl Rio de Jan 8s. 2 96% | Great North gen 7s. -16 110 109% 109% 2‘»230, Brussels Eeprouts, quart, 20a: a ml)hon_ pounds over the rate ot e i Yt | Pacific_general 4s went lower. Mis- (820 Paulo. St of. 8 91 O7%|Great Northgen6%a 20 101 100% 101 |orpo8e;, ton. 10.0021200. Savoy, bu.|consumption in 1921 e = sourt Pacific preferred 'stock has been | Seine, Dept of, 7. L e S onats, A potas Silver production is expected tc & & & |weak on the ecxchange lately, but %, n nrefSs. & % 2% a [ fower, 5. eler: reach its maximum before the end of there has been no_effect on the bond 108% " 108% | Hudson & Man . Cucumbers, crate, 4.00a5.00. Egg-ithe vear, in spite of the fall ! % T8 T |50 far. Detroit Bdison Gs of 1940 got Tew 116% |1 cg,,,,,,m'.“” Ef“; ;35?; o I::;: plants, crate, 3.00a4.00, " Lettuce. basket, |in Chinese coinage, Which in a decid- s s s |down to 93, six pointa below the high 100% 109% |Inter-Malzsctfasta. 71 1214 114 124 | by é.ia. Kale, bu., 20a30. Onlons, 100 {ed market factor. Last year's pro 2 S tho veur anddcun than four polns D I 1o | Inter Rap Teanerc s g {pounds, '1.00a2.00. Oyster plants, 100, |duction of approximately,13.000,00¢ 6% 64 6% b he 1 i J 8. 51 75 4% T4% (6.00a8.00. Parsnips, bu., 90. Peas, { ounces undoubted] vill b’ o8 e |above the low. While the Detrolt 1084 104 |InterR Transitssct. 28 7¢ 78 7% | basket, 2.00a350. Beppers, crite, 200n|cd: The recenc incrouses ne ihe 6 16 48 gu‘-’ez:n';&i . sl‘ldrg_: d‘“cny?:dotd!(‘;-‘é lb:: Zurich 8s... 109% 109% :a'-’& Ghl:‘NoradJGB..m 8% 5% . 100, 6,00a12.00. Spinach, | prices of lead have. stimalated o 8% 4 8% managed utilities In the country and MISCELLANEOUS. et iane. s w2 T i . S Lo prelincers (o, this Sountiy, bt s @ ® |all its bonds are regarded as sound |Am Agrl Chem 73s.. 6 100% 10% 103% | Kansas Gits Seopes & ot oSy 1) et ezt crate SRR hiavs Slso sesilved|in dincreased tin investments. There seems to be no .. f . = 80ty 8% | °y y 2 ‘ ports from the Mexican mines. Ths e D L O D ::::“n‘e‘lii&u};é:!bs.: l:z;;t; lg{:: l:m E::";:Chynnan is. 2 81 & 1 _nalpntlles—_ lo;:cllr;od. bhlii .00: bu., |output of domestic properties shoul? 81% 81% B81% s Bonds Sel . A e Shore 48 1928... 3 88% % i pounds, 1.50a2.00; bu., | run close to 150,000,000 pounds before i a0 ome Bei Sell Higher. AmTel& Telcv6s... 9 115 115 15 |Lake Shoreds 1931.. 18 615 of - sus basket, 20a40. Cranberries, bbl., | December 31. Zine production wil % 4w 4w | Among bonds to sell higher on the AmT & Tcl trbs. 96% 96% 96X | Lehigh Valley 6s..... 11 108 103 108 g,.:ms.oo_ Grapes, pounds, 40a60. | not show anything like that rate of 8 s |48y were Chicago Rallway 55. Were |Am T & Tcltrds 9% 0% 90| Long Island ref su. ... 3 o 0 18 |Grapefrult, box. 230a450. Oranges, box, | improvement, but in the tristate fielr % % it not for the fact that the maturity | Anton Jergens ¢a % W% 75 | Louls& N unified 45, 50a6.50; JPears, bu., 5a2.50; basket,lin the middle west activity will be 8% | of the bond coincides with the ex- [ Armour & Co 4% % 90 9 |Louls& Nash 1 12 904 89 % |13a35. Pineapples, crate, '4.00a7.00.|increased as fast as men are iy plration date of the franchise this|Atiantic Refining 5. 3 %% &% %% ash 18t 5%1 1 108% 100% 108% T“"“""s'”' strap, 6.00a7.00. avallable. 5 issue Would undoubtedly be in spe: Market & elling Prices at 12130. e T O iaa Sbver | Barnadalls€8aA-. 2 \99%! (916 | MBS Gl nEs 3 % 05N R renie e Shert of Mem mnd Care. 3% 3% |charges by a comfortable margin. | Barnsdallsf 8s B. 3101 101 101 nxe'r:r‘z:{s:k" 2 ‘:‘g lwz 108% | o Oration »“3,&'“27.:‘.:}’“‘.'»32’ 3080 atn . thar s Ay Ty are tally olta 51% | Hudson and Manhattan refunding 68 |Bell Tel PaTs........ 9 108% 108% 108% 8% &% ) 373, . 2 red w ¥ Pp2.000 men: @hort;yof _immediats e 2% 2% | gained about as much as the ad- |Bethichem SteelrfSs & o s 5% e e o 129131 Nov3, 1.35% ; No 3 rea winter, T epteea Trom. "Catorader - Mon: @x a- jmentand peculative iesuc. New York, | Bilyn BEdison 78 D... 4 108% 108 108% xg:;&'l’frf:" ‘l‘l“ # 6 62 62| Sales—300 lots of nearby spot, by e e ™ ik | Westchester and Boston 4%s fluctuat- | ga>n 1 m1stbs 13 89% 88% 89ty | sample, at 95 and 1.12 per bushel. 1 pelinn et yn Union Gas5s.. 1 9% 94 9% |NOTex& Mexinchs 5 10 oont o = t D The Pacific northwest has experi n = d gxtensively. . & ¢ bong fe depend.|BKIYn Union Gas7s.. 1 113 118 U3 |N Y Central deb 6 6 % 76 orn—Cob corn, new, 3.40 and 3.50|enced a rejuvenation of the meta B Slent upon that e the New ‘Thver, | Bush Tm Blds 5a'60. 6 924 9% 9% N ¥ Contref Impla.. & %% ‘sws ‘ste | burhel: No. 2. 4%t No b o quor | B e A A | Bush Termcon 5s.... 1 87 81% 87% | N % el; No. 2, 84%; No 4, no quota- | weeks. Montana, Idaho and Wash Bu & |mhor gt pripansl sad n | ERGIBSTEGT § N i e Now Bac B, § T 3 PA[or bt STGnr Ty > o | et prapies =hih e See of operating at a deficit. Delaware |Central Leather6s... 14 99 $8% %% [N Y Rys ref 4s. N % st Sales—None. ) S R S S o e :‘i g“ and, nuas,o': convertible Gs, Southern g;ll'lrog: Pu?; 8s o 120% 120 120 Nngyme&“x;o. 4%, z: fih :4.;; ?c“ ts—White No. 2. 55 per bushel |fa. 'L‘i.?fi‘nf’{fi.‘S;'Jflfi‘:iif"\'f‘.’:rfli Railway 6%s and Burlington general | Chile Copper és.. % Norfolk & Weat cn 48 S e No. 3, 54 and 54% asked. 11 > 2 18% 18% | 45 were all higher. American Smelt- | Chile Copper 7s. Norfolk & West cv 65 zg l?fl\" 1::; 83| "Rye—Nearby, 80a%0 per bushel; No. :"aul:h (;::::';E fr?&pee:'::;lsa;;znml e 106% 106% |ing and Refinings 5s gained slightly.|Cin G & El 51s'62 Northern Pacific 3: " 154 | 2. western export, spot, 1.02 bid per| One factor in the bust: ituatior 1 % | Part of the recent decline here may | Con Coal Md IstrfSs 1 84 88% 8% | Northern Pacific 4o, ¢ oo cop oo ibushel; No. 3, no quotations. which Indicaten contimved. DroAperity % 78 7 |be ascribed to the block of new bonds Cuba CaneScdeb8s 21 87% 8% 87% | North Pacref Imp 65. 16 107% 10000 1o | tarisy ooy ved; 52 tons; market for | for next year as well as the remainder 100% 100 100% | just offered. It is generally consid- |Cuban-Am Sugar8s. 7 107% 107 107 | Northern Pacific oo alr to good qualities of timothy and|of 1922 is the amount of public im- e % ered one of the best industrial lesues i SRR G Dl Ko ! provement and road bullding now In @ 44 a4 |of its grade. aw—No. tangled rye, 15.00a i s wu osa| The new lssue of $7.000.000 Com. 8 % 8:::.,‘,3::',{1::,‘,; R ‘g‘l’:: 12‘1’:: lg'l’: ALI0:iNes 1lwiheunot,1m.g0n11?oo; 2|2 healthy Tt tor caneases 104% 1043 10¢%4 | monweal 2dison 58 Was reporte 1014 101% | Ore-wW: 3 3 nal, 12.00212.50. supplies, such as picks, shovels, holst- 21 1" 191" |to be going very well 106 1075 | Davin Lyonn o o ay e W% Wh| ~ TODAYS CHICAGO PRICES. ing engines, comcrete mixers, wir. @ 8 e —_— %% 4% | Pennsyivania gen % CHICAGO, November 17.—Wheat|FOP® and wheelbarrows. % o T 12 B 6% | benn pen et 0% 18 WA W 9% geveloped an upward tendency t Auto Aectivity Holds Tp. . . gen 4%4s........ cy to- 3 % 96 9eM GRAIN FUTURES BI“_ SnnelenlD s L E e Pennsylvania 655 i 2o 1e% e dar Junine fhe featly gulllmg&'ycno The surprising activity in automo- H 7 g i eoria & Eastinc4s. 12 29° 2 & uying of all grain be- | bile manufacture is clearly shown in m m m Gen Electric deb5s.. 9 100% 100% 100% = _|ing the chief factor. Basis f the 2 - mom STEREie i i DRSS B S SO LR D o e ST Sl R o 2 % 2 2t . at e ghest price: y' e g% Gray & Davis7s..... 7 S 4| RTArk&L4Ms..... 1 8 80N oot |ihis season. An advance in Liver- lhgrg,o:l?xmifzrd‘::;‘tbl:!lx:glx:l:hlrum:)‘(h::‘» =z = fiolh;d-&mer}:sfu. 6 85 :.2% 8 IStLIMESIs'25... 1 s% s sk z:t:; :lmz‘ax'il ?:g:‘:l':::s ;(;Ium.ed :uo cellent proportions today, merchants o 3 ; umble Oll & R6%8. 12 3% %% 97 |Gt L IMASR & G do.. 3 sib conp ot | whish ranced oencs; o < opening, {showing a disposition to purchase 1922 14 124 | Judge Leaves Legality of Trading |Indiana Steelse...... 7 StL& SFprindsa. et Tt ook |advance, with December 148 to 1195 | cotien shall have. been reRerced Tr 5% &1 6% . Inter M“:]_M ine StL&SFprin5s.... 2 8 &% 86 jand May 1161 to 1.16%, was follow- | finished goode. 14 1154 T Law to Highest Au- Toter Peser otta a3 oo oo aw|SUL&SFinces. .l ed by moderate gains ali around. Blue-stem wheat reached ths top iy 8 5 s Yy s B 2 rofit-taking sales in the corn!figure for this it 2% 20 oo thority. e retTo. s e 1o 1op |StL&SFadiea . o market were readily absorbed. After P50 bugheln. Bt 3150 s Dushel. o the 3 2 L& S InésC. 3 % = 2 2 off, Decem- | Portland, Ore.. Merchants’ Exchange 8% 1% 18% | Kelly-Springfield 8s.. ¢ 107 108% 106% | ¢ LT ber, 71 to 71%, corn scored 5 : i R et S D I e 2&?k%?11‘f,7\£sm 1 BerTler cored 4 general | Further advanices in flous prices ar 58 : i 4121 & 3 predicted by western millers. &% Al | CHICAGO, November 17.—Federal| acrey a ayore T 0 N N W|SemA&ArkPapuis. s Ry pAried shade lower to % 3 1% T 4 i ett yers 78. 5 17 7 Seab X er, December, 43% to 43%a44, and H : R 6" cojJudee Carpenter today dismissed the | Liggeit & Myers 1 e s e |SeabTaAL eta) ds. o & |then climbed with corr. and| Higher Prices on Cotton 214 2% 214 | Chicago Board of Trade bill for an|Magma Coppercv 7s. 4 lW‘é 11033 110% Seaboard A L adj 5!'_'13 g lh:rg;s;"_-‘"l_’-“ (“"'_‘4 e l'nclmed to sag in Great Hel to south % 18 15 |injunction restraining enforcement of | Manatl Sugar s {74510 614 MK i | Scaboard A Licon . 1g e iopucncs oL any mieclal demand: p 8% i 1% the graln futures trading regulatory Tlan Az oocs A | Sou Pacific cv 4s. ... 17 ceipts, 3,/ firsts, 50255: Special Dispatch to The Star. S % Mlact but continued the stay order pre. | MidvaloSteclSa...... 1T 8 S8 | Sou pacifc ref 45 13 dinary firsts, 40a45; miscellaneous, 45| ATLANTA, November 17.—Cotton ix venting enforcement of the law until | 4 i ou Pacific cl4s....... 250; refrigerator extras, 27 "re- | the foundation of the present healthy 8% ® 8% its constitutionality had been passed ;}::g:;‘,‘:’,‘;“}f;‘:,z,’: . o o |Bouthern Ry 15t 5. z Frigerator firats, 25226, Poutiee. altcs | business condition of the south. - A6 2% 25h n by the United States Supreme|n Ny G p[, H& Pbs.. 11 97% 91y | Southern Ry gen 4s.. 26 lower; fowls, 13al9; springs, 17%; The holding movement by owners o omg o4 |Coffrt. N L el e o 1o | Southern Ry dov 6%a 4 roosters, 13; turkeys, 35; geese, 18. of actual cotton was strengthened 2 B 32 = ——— o WHEAT— Open. Hi; materially by the ruling of the Fed- New York Tel 4%s... 5 %% % 9 e gk Low. Close. i o FOREIGN EXCHANGE. “- |North Am Edison6s. 8 %% g5 oo |Third Averefds. Tiow 1ioe 1l s for it the paerof 5 : ird Ave adj 5s. 1613 I3 y for rediscount the paper of 0% 39 8 (Quotations furnished by W. B. Hibbs & Co.) | North States Pow bs. 8 917@ L91% 9% Toledo Traction 6: co-operative marketing organizations. 3% = = MomisiL | Belling chacks 1;::]\:::;‘:.?2“1:1 T s W% 107 197% | rnion Paclfioaat e o ew England mills are clamoring 9 8% 8% B s e 0 { Pac . % | Cn Pacific 18t ref 45, & or raw material, and one solid train =% mk wy 1" |PacTel& Teloa®ss.. & Bl o th|UnionPacificcves.! s 105 1ot 10t Tt e R e «% 62k 6l 0680 | Public Service b 3 i o oo |VirElniaRylstSs.... 2 96% %6k 96w way of Norfolk. Owhers of spot cot. me Ime 1M o ' #lvaRy& Powlstbs.. 1 8% 8% 8% a3y ton appear certain of their advantage UK 18l sk o4 Sinclair ON1 78 20 100% 100% 100% | Western Marvlandds 3 e 3% evis - 0% Bank clearings are the largest shown Ton o %45 lgouPorRicoSug7a.. 1 9% 964 96% | Western Pacificbs... 4 &% 8% 83 i for & vear or more and general bus’ 7% BoN 56% 004%™ | Pobacco Prod sf7s.. § 108 108 108 b o amoon: AR | | Sanuasy o 3 Railroad Transportation o e 00067 | Toledo Edison 1st7s. 1 o - S i DAIRY PRODYCTS. I B . 123% | Copenhagen, < 2025 3 9% 9T : N 5 : . E 4 W% W% WL Wa"streetl.' .—Live poultry s, | Spectal Dispacth to The Star. eo o wel T | 9 % 0% 9% eal'llres R et Loghoms, L ST. LOUIS, November 17.—Railroad 28% 281y 2% | Dy ¢ lated Pro 5 ==k 6 8 8% 8% {eocater 220: 0ld| transportation in this territory is im 2 & 2 | NEW YORK, November 17.—Foreign | L 4 s% 8. s O Tonge ory mali and|proving rapidiy. exchanges frregular. Great Britain, i "8 108 108 108 |Special Dispatch to The Star, poor, 16; geese. 2230 turkeys, 40a42:| “Many of the freight embargoes 8% 8% 8% |demand, 4.4715-16; cables, 4.483-18: ' 6 NEW YORK 2 LI L 32, bigeons. pair, 20a23:] which have been in effect have been 46% 48% 4 | sixty-day bills on banks, 4.45 13-16. 2 1001 L1088 51003 ORK, November; 1 guinea fowl, each. 45a70. lifted, at least temporarily. Conse- 62% 604 62 . ‘demand, .0701; cables, .0702.|U .. 9 102% 102 12\ Tho street was not so much im-| EEES—LoSs off; mative and nearby Quently Christmas merchandise and iR i demand. 0i85%: cables, 0466, | Utah Power &Lt3s.. 7 94 %0 0% |pressed toddy by the declaration of | M5ty dozen, B8: southern, 23a36. Stock replenishments are reaching %1% ‘| Va-Car Chemlcal7s..18 S%a %% %% as it was by the ac les, 32a34: 5 P e ! Sl o oo Holand, demans. | Va: as it was by the accompanying re- |ladles, 32a34: rolls. 31a33; store pack- |has improved and now is about no o 120 cables, 3930, Norway, demand, {Va-Car Chem T%8W. 4 94 9% %4 |pore for the nine months, showing |ed, 30831: dairy prints, 32a33; process|mal, while other public utility activ 2 8% p2 |” Sweden, demand, .2681. Den- | Western Union 6128.. 1 109% 109% 1095 . € | butter, 35a36. ties have returned to the usual leve W% 0% 9% | rmark, demand, 017 Switierland, de- | Wilson & Co st 6s... G 100 9 sgey |3 decrease in surplus earnings of of activity. Retail business is wen B4 K wa|mand TR Spain, demand, 1631 | Wilion & Cocv s, 11 Ik 100k 1% over $4,000,000 from the same period { CHICAGO LIVE STOCK MARKET. |Qderfully brisk. Groece, demand, 0145 Poland, demand, | Winchester Ams 7%8 1 101 101 101 [the year before. Pacific ofl was driy-| CHICAGO, November 17.—Hogs— e e f2223{1f:ecdhe‘::?;:?mfixdzmfi‘rflh‘o?:.‘ —_— en dpwn sharply, and this was the |Recelpts, 37,000 head; market runly| Detroit Reports Plenty 6 6 6 |mand,.1262. Montreal, 1.001-16. ' COTTON SEED REPORT QUT |frst unpleasant incident connected | Steadyy bulk 150 to 210 pound wver o by | with the oll shares. Next came a |noyohers. 820a8.25. top. - 825. b of Soft Coal on Hand 1% 100% sudden collapse In .transcontinental |held higher: packing sows, : s "% %% | ORDER C. & 0. DIVIDENDS. | Cotton seea crushea auring the thres |5ii on a seport that the ool which | desirable . pigs. Strong, B i 1 Tiaaka 158 153 months, August 1 to October 31, aggre- |had been operating In the stock some |heavy, 8.15a8.25; medium, 8.10a8.25 3 d Aocilse 126 1% gated 971,332 tons, compared with 1.- time ago had dissolved. light, 8.05a5.15; light light, 8.10 to the weather man the general trade 18% | Directors Put Preferred Stock 011,566 in_ th riod last year, ie] ; Hshiilight''a 10an.25 % 6 7% ectors! BT el E L ;‘uma‘;‘;‘:hfid preretindeold 8 Asnociated Dry Goods. packing sows, smooth, ' 7.50a8.00: | situation here and in the rest of N % M Semi-Annual Status. B e U otaled 771.197 tons, com-| In connection with the recent ac- | PACKINE 80Ws, rouh. 7.26a7.65; kill-| Michigan is righting itself. % 6 esk e ali 733601, i cbnsus bureat|tivity of Assoctatel Diy Goods, s Eane: S3IRLE0. S Incoming lumber shipments many B o | NEW YORK November 17.—Tne|Parel WUl T3S0 GO Cotaea brods |Loliot prevaiion in. cortaln qusrtocs | stom Sostie: hert fed, trade mloe| Weeks over due are arviving, and in 61% 594 & | Chesapeake and Ohio railroad today fucts manufactured in tho threc-month |today that the common stock of the |on catch-as-catch-can basis; practi-| Soice Grdered atcompanipy Sy ieup: 4 50% | of .621% on its preferred stock. e Crude ol produced, ,368,842 v 22 v i . K = reig] mov 3 85 94 ¢ |regular semi-annaul dividend of $2|pounds, compared with 306,457,485 for B O i bt load e oy L0 h ctowiatmproving sinllasly, exoept o 36 36 on common stock also was declared | the same period.last year, and on hand, ted Dry G O sell at)the case of anthracite. So much 36 d that in the fu- | d ed that Associaf 'y Goods will re- |7.5029.00. Canners and bulls mostly inous has arrived that dealers % 4 - |and it wes announced that n H |96.871,690 pounds, compared with 102,° fport earnings of about $11 on the [active, steady to strong. Veal calves Dltum o e lest it cannot be mar- 1 wm o | LUTe Hhe A etgr a1y, T+ | * Hefned” ol " produced, 174,018,149 |SOMMOR Tor 1022 weak ' to unevenly lower. Other| }e .3 hefore January. when it I ex- oy % ¥ Do Sompared with 199,614,563, and Butte and Superior. e e aoiy, 15000) hiead}open. | mEcted ithere Witl e more hard iooa] : f the Butte and Super- : 3 - | available. 16% on hand, 57,827,085 pounds, compared{ The report of Der-|ing slow; fat lamhs stead, earl; i % W4 TODAY'S COTTON PRICES. |wih 1riateess. =~ - = lior Mining Company for the thira tog, 1476 to city butchers, 1460 to| Banks are flled up Wn Aomoma: % % | NEW YORK, November 17.—The Cake & Al Psaucsd: 439038 | quarter of 1922, to be issued tomor- |packers; three doubles fed clipped| olper’ts keep their funds employed. % w4 19 | cotton market became very weak and | hand, 110,854 tons, compated with |row, will be an Interesting bit of tes- L e s ih. Shacy cicatn: (Copyright, 1922) % 9 914 | unsettled lea.r;y h!nl:’he llllulrdn:t?:nfln-:; 172,361. timony to the good which has come to|two loads 110-pound fed western 2 mw b |a renewal ot heavy liquidation: and| Linters produced, 15,347 bales, com: | the _industry with the =increasing|ewes, 5.00. .CAR REVENUES JUMP. u% 1% 1w ;WDko"b 25 o Jan pared with 127,435, and on hand, 74,480 | prices for zinc metal. With zinc sell-| - S5 wh % i |brosk below 0 cente for January. | baies, compared with 106,336. ing at approximately 7.16 a pound, DETROIT, November 17.—Net ol uns i ut A Lo e ehesascitne — It 1s likely that the aftairs of Butts PLAN CONGRESS PLEA. |erating revenue of Detroit Municipa - 4 and juperior wi lefinitely turn- 3 e #w | was checked by trade buying and the| ~LEAF TOBACCO MARKET. ed for the better with the beginning Street Rallway for October amounted t market rallied as rapidly as it had $97,059.05, an increase of approximat. ;g: 16% 1% | joclined, with January seiling at 25.37 BALTIMORE, Md., November 17.—|of the new year. !9&;} m(‘)’x-;:flxb The :ten.“ it ao‘b:r‘c‘:m et ahe m‘,’e m:lz':'mmm; 8% 6% |ground 2 o'clock, or twenty-two|Receipts again decreased to eighty- Gemeral Motors Report. DETROIT, November 17.—The Michi- | ; .corging to a report made public by : :“ g“ points net higher. 1two hogsheads and reinspections were C’n:e reron o}'“l)!‘le General 1“@"&" gan state utilities w:_‘ml!!'on'hll g:y :fla 1: tu;hy. The e‘l;lmh;xh s = 5 orporation, which accompanied . the ted a movement to bring pressure | the est of any month since the % ot Bl xmw ORLEANS, November 17.—On |seventy-five hogsheads, but sales total- | COTPOration: G, HEEMERTG oty [ ~tatted » motARR 10 ENE BERICCS city took over the lines last spring. 16% 16% 163 |a demand which appeared to come, to | ed 1,189 hogsheads, which proves that|a share on the common stock showed X Foraf * ‘ 81 203 81 |& Breat extent, from trade interests|ino old stock on the market is rapidly | conclusively today ghat 1922 has been |in Congress to work restoration o @ it g tho market this Aternoon strength | being disposed of. & Banner year for the motor Industry. state rights in the matter of railroad EXCHANGE SEATS SOLD. 3 ened again . The strect has pald more attentl EW Nov: T—T 5" % Oe138°%"38 points, but when the De-| “Prices per 100 pounds: Inferior and D e a ioniaos | Teguldtiong. Th:lcomm(unflol; cl.lmil §Enh\-om¢. November 17.—Ti % B mer touched 24,89 offerings In- | grosted, 3,0084.00; sound common, 4.00| been exceedingly favorable, than it | that & considerable part of the pres-1 ownership of three seats on the N 5% 5% ed. For a while, late in the 2k e 3 H ent difficulty over moving the potato York stock exchnge changed hand 8% B3 Creus OF. > 3.00; good common, 9.00a17.00; me- | has to those of any of the other com- 5 5 > T ewi, the decline was extremely | 38.00; 80 - .00; me: 8 se of any of the ofher com- | nd sugar crops of Michigan could|yesterday. The seat of Thomas M 0% 0 Tapid, and it carried December off to | dium, 18.00a27.00; good to fine red, B R ctefuie oamo sala: Vo 16" | have been avolded if the stato com-|McKee was sold to George Tyson fo: 24.37, where the list showed net|11.00a35.00; Bay ‘tobacco, fire cured e irotdent: TY Pleas- | 1y issloner had been in control. $93,000; that of Charies P. Holzder losses o to 28 points. Around |15.00a55.00; upper country, air cured ‘Shippers also have started a fight | ber to L. A. Hockstader for $92,000 the middle of the day the downward | nominal; ground leaves, new, 2.00a e e against the freight zoning system,|and that of Charles G. Schrimer i« = | movement was checked by the large | 20.00. Al anditad T e ”lm:o.-dmm h: g:: :l;:g:;. tl;eytd:ohre‘ oven‘ !-::} to u‘u !fiulu H Athgrr‘t‘on ‘(.oar' a nom‘Inul c.os'n i1 takings, 421,000 bales, against}] .Nnsound an y. mi synthetio o ef nt of farmer an ipper in | sideration. e previous ofl the northern aection of ths state: was made at-$93,000, m! 395,000 this week last year. V. 0, FRIDAY, NOVEMBER 17, 1922.° from-1 to 3 cents lower, FINANCIAL, - « ’