Evening Star Newspaper, December 8, 1922, Page 28

r 28 * FINANCIAL. FURTHER ADVANCE IN STOCK MARKET U. S. Steel, Studebaker and Baldwin Lead Rise—Motors e NEW YORK, went higher again en change today, thereby professional Ing and so cxtensive a recovery fur nearly narket was entitled tion. In rail of in st ed, but f onger and Ttalian | Am Te) & Teleg. lire onee the five-cent ;| Am Tobaeco. .. tevel. Am Tobacco (B) Rails Lack Backing. Am Woolen........ The day in stocks began with some | Am Writing Pr pf. weakness in the r: ne of which | Anacenda. . went n o over While { Ann Arbor pf. - dec were ult rather | Asso Dry Goods. & Supbort il | \t1antic Cst Line.. 11¢% Y mthey there ¥ 4 Atlantic Fruit Co.. 1% so much stress has been | Atlantic Guif...... 2¢ upon the undermaintenance of {Atlantic Guif pf. 17% e rowds e heave cutlay which | Austin Nichals 32 they miust make for cquipment, that o v, investing public pletures o it- | Baldwin Loco...... 121% f nmany o s Octo- | Balto & Ohlo, % r. where net ol the | Balto & Ohio pf.... 5% efféet of swollen operating costs. Bamesdall (A)...... =2 ) rnesdal - 1 e bt ;':"",w Beechnut Packing. 50 = Y Feth Steel (R) . 6% Both Steel 7% pf... 7% Beth St1 7% (n)... %% Booth Fisherles.... 5 Rklyn Edison...... 117% Butte Copper...... % 1t all | Butte & Superfor.. 30- Thurs- | Butterick.. 18% Talk of more stock di e aon - and more increases of cash dis | Sahanan zine. : mpnicl many of the indi o ne. e 3 s. such as those in Industrial C:“u'x“r:‘“l'l& S hol and National Lead. Cilumeta Arlon o Motors Especially Strong. Cate Threshing. ... 30% SOCKE Jawore Central Leather... 3% vo reason other thun i Central Leath pt. 0 ven ito_the inr Cerro de Pasco..... 43% r industry by the | G e me 61% -k distribution by with resent pri will be maintained, | Chi Mil & StP 2 these compan o looking forward | ChiMN & StPpf.. 36% to a profitable season in 1923, Chi & Northwn.... 8l% National Lead at New High. Chi&honhw; Dfl.-lg% National Lead made a new high on ‘{:: “;"l“gm?:‘cm?- o buying today based upon a revival | & Poknis 5 of talk regarding a stock dividend. | CMRI& P 6% pf.. 8 Such action had been rather expecte L_thIbP7$ pf.. 92 Wt the time the cash dividend was | Chile Copper. 2% raised from 6 to 8 per cent. but it | Chino Copper. 24 did not come then. When the cash | Cluett Peabod: 65 ed the Cluett Peabody pf..102% with Also Strong. A Dispateh to The Star. W susly than situation it th ar e i d t <u indicatio isti ART P. WE: December S.—1'rice th disconcerting that, continuous week, me reac- s, and a to the movement was more i in i numerous <. After four consecutive Am Sugar.. kuble upswing | Am Sugar pf. al s finally halt- that there is «n up again notiing is well unde posit Adams Express. Alr Reduction. Adv Rumley pf. Afax Rubber, Alaska Gold. Allied Chemical. Aliled Chem pf. Allis Chalmers. { Am Agr Chem pt. Am Beet Sugar.... Am Brake Shoe. Am Can.. Am Can pf. 110% Am Car & Fdy..... 184 Am Car & Fdy pf.. 123 Am Cotton Ofl. AmIce..... Am International.. 28 Am _Linsged.. Am Locomotive. the Xm Safety Razor.. Am Ship & Com. Am Smelting Am Smelting Am Steel Fdy. rties Am Sumatra. Atchison. Atchison pf. Atlanta Bir & At; 15% 13% 59% U6 994 Bklyn Rapld Tran. Bkiyn Rap Tr ctfs. Brown Shoe. ... Burns Bros (A). Bush Term pf. t hour ker, Chesapeake & Ohlo 65% Ches & Ohlo pt w 1. 101'% Chi & Alton. 2% Chi & Alton pf. 3% Chi & East Ill. % Chi & East Il pf Chi Great W pf. ne s m 1 was the ordinary earnings | Coca-Cola. 6% xpansion of the company and the | Colo Fuel.... 2 table conditions in the lead in- | Colo & Southern... 45 othing was said about the | Columbla Gas. 100% sed accumulation of War | Columbta Graph... 2% National Lead’s subsidiary, | Golumbla Graph pf. 9% States Cariridge Company. | Gonley Tin Foil.... 16% 16% 16% < these thut would be made the | on oot % % W7 asis for any extra stock distribution. & . igarpf...... 84 84 8t The spurt today in Mack Tru s vy i e common stock was due to ial b ""’0“"[ NY Wi i ek s in on the ve 1 showing which | Cons Gasof NY wi 60% 62 60 the company will have made for the | Cons Textile 12 1% 124 full fourth quarter of 1922, This Cont Can.. 106% 1025 10413 contrary to former vear<, the Corn Products 18% 1820 L8k three not fallen below | Cosden & Co. 9% B0k 49% - third quarter, but | Cosden pf. 100 100% 100 commnion s Two causes were put forth today | S % for | the incrcasing activity - and | Suba Cane s bl strength in Keystone Tire. The Devidsoncuem. : rC that @ new pool Del & Hladsofs . axic sale of its product. Harding Message Alds Hails. When for a time in the e list ralli t promptply gave the credit to with its pro- ituation. invy noon the posals affecting the T Mos sentiment bor bureau h: b _companies the Iway President’s mess 3 of th il s conservative n sympathy with a new ng the powers zested by Mr. Harding, but it is per- rectly well understood that these re- ast of them, with net ately $1.000.000. 22 will prove a record profits per share of the concerned. e stock, and th ment that the weted with two large for the Dupont (EI) . clusive | Dupont deb Eastman Kodak. Electric Stor Bat. 1y after- | gk Horn Coal Wall | Emerson-Brant. Crex Carpet. Cructble Steel. Crucible Steel pf. Cuban-Am Sugar. Cuba Cane Sugar.. Doms Mine | Excnange Buffet. .. rnaicott-Johnson. . stment sug- torms have scarcely any chance what- | Fed Mines & Spf.. 5: 62 &2 «ver of being enacted into law during | Fisher Body....... 178 18% 178 the present short session. Famous Players pf. 97% 9% 9% Actually, the presidential message 12% had little to do with the market. 18% Iailway shares were merely having an overdue recovery along with other Sections of the market, and this re- covery was comparatively slight. In vance hour the r: off again. < we Realizing large enough to chec E in the industrials and to re- duce some of the early gains. Siock of DIVIDENDS. Am. Steel Found.. d. 5 Am. Steel Found.. q, 187 bf-Dec Cluete Poab. Co Chat. & Ph X' 4. 185, pe.Der B., u; 46 clined les the Gen Electric..... Gen Motors. en Mot 7% deb. gm! Northern pf. Great Mor Ore... Guantanamo Sugar Gulf Mo & Nor pf.. sulf States Steel. Gulf States 1st pf.. 101 g EREEEEE O = ) TEEEEE W 1% 1% . T 18 I atl Rreweries 0% 0% 8% © W 2w u% nou % % % SHORT-TERM SECURITIES. My e (Quotations furnished by Redmond & Co.) 83% 3% —Noon. Bid. Offer. B Atuminum Co. of Amer. Ts 1925, 1035 Aluminum Co. of Amer. 7s 1933, 10814 | o 0% 0% American Cotton Ol 68 1924.. 9713 | i01] Cement.... ul% 3% A R el 0 934 102 * | I Combustion E. 20 204 20% ol & Te 0 5% | ind Harvester..... ¥ B ow 1007 | ynt1 Harvester = L 102 | intl Bter Marin 103% | |04 Mer Marine f. 60% 61% 50 1043 | ntl Nickel.. e LM% 1% 1015 525 63 62 ‘opper 5192 1013 | Isiand OLl 0% 2 oDher Export “A™ S 1025 183 Du Pont 7'3s 1931 1077 8% 68% tGoodyear T. & R. 8s 193! 983, Tea. 51% 61% tireat Northern 75 193 110 28 % Yiocking Valley s 1 H e 2 Fnmble OIl 3i2e 1932 o G 108% "% B i3 i3 i % % & K. it ©% % . Paul Union Depot 100! 9%. 9% are. Roebuck & Co. 015, e 188 o of Calif, 3a 16312 1o T Stand Ak ¢ dewater Ofl 68 1831 . ma‘S LakeErie & W.... 35 8 85 Tnlon Tank Car 7s 1030 c 1083 | Leo Tice & Rubber. 246 2% 2 L5 = c % | Lehigh Valley. 61 63% 61 ern ‘Tnion 6%s 1936, 100 Westinghouse E. & M. 7s 1931.. Tore tt & Myers. .. 220 : :}:: Elatu 5% Eels TREASURY CERTIFICATES, g (Quotations furnished by Redmond & Co.) 12 1% Rate—Maturit; Bia e e 2 3 er. (n‘:_.ven“l-'-.’lg';'x - 10116 10035 ERCEIN 3o deember 15 1025, 99% 100 n2 12 E ember A 50 Maren 15, 1623 ... 1008 100 43gs December' 15, 1935...0 9912 99 43,!.:@ 15, 1928....... 1009.16 1001518 Septembes 1o, 1928.0. 52 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office a% 5% 101 % 2% 19% 8% i) 2% 2 4% 073 1% 3% 2 % 0% % 24 88% 116 12 61% riy 52% 16% ] 2 8% I 51% THE EVENING Open. High. Low. Closs. Mallinson & Co.... 3% #2% 824 82% Manati Sugar. % % % % Manhattan Sl ctfs. 4% 50 49% 50 Manhattan Shirt... 46% &% ¢ 4 Marland Ofl. 2% 2% W% 29% Market St Ry. 8% 84 8% 84 Market Stprior.... 69 €, 6 6 Market St Ry 2d... 23% 2% 2% 2% Marlin-Rockwell... 12% 12% 12% 1% Martin-Parry. 26% 26% 6% 26% Mathizon Alkill.... 49% 43% 49% 49% Maxwell (A). 4% 6% 6% 48% Maxwell (B) 15% 15% 16% 16% May Dept Stores. % 11 Mcintyre Porcu.... 18% 18% 18% 18% Mexican Pete. Mexican Seaboal 15% Pf . Kan & Tex W% Mo Kan & Tex pf. Mo Pacific. Mo Pacific pf Montgomery Ward. Moon Motors... Cnfon Pacific. Union Pacific p United Fruit.. United Retall Strs. U S Cast Ir Pipe, 9Tl 103% U S Steel pf. 1200 120% 120% 1205 U S Tobacco. 56 66 66 66 Utah Copper. 61 626 614 a2 Utah Securitles.... 16% 17 16% 17 U% MK mN% 6% 64 e 13% 1% 13, 4% 24 2un Webber & Hellbrn. 11% 1% 1% 1% Wells-Fargo Exp.. 8% 88% 8% s8% Western Elec pf.... 12k Western Md 2d. 78 Western Pacific. 18% Western Union. s Westhse Air Brke.. 101% 102 101 102 Westhse Eles& M. 60 60% 60 60% Wheeling&LEDf. 16 16 18 16 White Kagle Oll... 3214 2% 32 2% White Motor. 9% 9% % O% White Oil.... % g G Wickwire Spencer. 11% 1% 11 11 Willys-Overland... 5% 6% &% 6 Willys-Overland pf 40% &% 4 & Wisconsin Central. 23 28 28 201% 212% 211% 212% ST K M 21 ™ % M 9y High. Low. Last. Call Money. ... 5 4 4 HOURLY SALES OF STOCKS. 1lam.....290600 12m...... 400 800 1pm.... 51960 2p.m..... 708 800 —_— WOOL TRADE PICKS UP. More Business in Medium Wools Reported for Week. BOSTON, December 8.—The Com- mercial Bulletin will say tomorrow: “On the whole the wool market has been quiet again this week, although toward the latter half of the week rather more business was done in medium wools. Prices hold very firm as a rule, although here and there some of the least attractive wools have been available perhaps at slight concessions from asking prices. This, however, does not always rep- resent a decline in the market. Man- ufacturers report less business in their products at the moment, but they are watching the course of the market closely on account of the im- minence of the heavyweight season..’ —_— ‘The_total capital of the banks ‘of New York city today is $346,222,100, or considerably more than five times as much as it was twenty-five years AN B Mother Lode Citn.. s 1 % Mullins Body...... 1B 19 19 ®Nash Motors.... 65 510 &5 530 Natl Acme. . 38 138 13 18 Nat] Biscuit wi.... 36 8% 3% 8% Natl Biscuit pf. 20 10 120 120 Natl Conduit. . 1% 1% 1% Natl Enameling.... 65% 66 5% 66 Natl Lead. 107 119% 1% 119% Natl Lead pf m 3 1 Nat R of Mx 1st 7 R 7 Natl Ry of M 2d 8% 2% 8% Nevada Copper. W W% % New Or Tex & Mex 82 82% 8 82% N Y Alr Brake (A) 48% 48% 48% 8% NYCentral........ % 94 8% 9% NYNH&Harttd. 21 2% 20% 2Ua NYO& Western.. 20 20w 20 204 Norfolk & Western 110t 111% 110 111% Norf & West pf.... 175 5 % k3 North American... 95 9% 9% 9% North American pf. 4% % % 4% Northern Pacific. 76% 7t 6% 6% Nova Scotia Stecl.. 25 25 25% 26 Ohio Fuel Sup 62 e Oklahoma Prod. 2 Orpheum Circult. 19% Otis Steel... 8% Owens Bottle. 6% Pacific Develop. 1 Pacific Gas & El 6% 86k Pacific Oil. ... 46N AT Packard Motor. 2 2% Pan-Amer Pete. gt 99 Pan-Am Pet> (B) w9 Panhandle P & R. % 4% Pennsylvania. ch 46 Penn Seabd St 3% 3% People's Gas. . 9% 91 Pere Marquette.... 2% BV% Pere Mra prior pf. 3% W Phi'ad+iphia Co. . 4 Philadelphla Co pf. 2 Phillips Pete “h Pierce-Arrow. PG 1% Pierce-Arrow pf... 8% 29% Pierce Oil Gy Ak Pierce Ofl pf. © o Picgly-Wiggly. 504 Pitts Coal. 59 100 3 8% D %0 9 Producers & Ref... 42% 42ty 1 Public Servof NJ. 91% 8% A Puliman Co. 25 &5 12 Sunta Al€gre...... 4T% % As PureOll......cceee 2% 2% Railway Steel Spr.. 113 113 113 3 Ry Steel Sprpf.... 115% 115% 115% Ray Con Copper. * 3% Reading. 6% T Reis Robert. 1Y% 164 Rics Robert pf.... % Remington TYPr. % 5% Remington 2d pf. % 84 Replogle Steel U Rep 11> & Steel. 6% 41 Reynolds Tob (B) % 9% Royal Dutch. . €3 5ok 8t L & San Fran... a% 2 St L & San Fr pf. 29 aey St Louis Southwn. 9% 294, St Louis Sown pf. % 68 ! Santa Cecilia Sugar 2% 2%l i Saxon Motors. 16 1% | Seaboard A L pf B6 gy Sears Roebuck. 0 80N | { Seneca Copper 8% | Shell Trad & Tran. 5% 35h Sinclalr Ol 51% 82Y Skelly Oil. . 8% 9 So Porto Sugar. oy o4 Southern Pacific, $5% E6in Southern Railway. 3% 7Y% Southern Ry pf. 6% G Spicer Mfg Co. 18% 1% | Stand Oll of Calif. 4% 115% Stand Ofl of N J. 197% 1999 Stand Oil of N J pf. 8% i18% SR 113 Sterling Prod 63 53 63 6 tern Bros pf. 10% 1051 105% 105% Stewarc-Warner... 56ls (6% :6% b6l Stromberg Carb.... 66% 51% 68% b7k Studebaker........ 120% 14} 29% I33% Submarine Boat T OTh T Ta Superior Oll. N 4% 4% 4w Superior Steel...... 29 29 9 29 9% 9% 9% 45% 46% 4B% Texas Gulf Sulphur 6% 60% b9% Texas & Pacific.... 21 22 21K 224 Texas& PC&OIl. 20% 21% 20 213 Tide Water Oll.....125 125 125 125 Timken Bearing.. 321 320 1216 2% Tobacco Prod. 505 3% b Tobacco Prod A. 80% 81 80% 8% Trans Contl Oil.... 12% 12% 12 14 Union OMl.. 17 1% 17 1% STAR, WASHINGTON, LIBERTYS STRONG IN LIGHT TRADING! St. Pauls, Seaboard and Eries Among Weak Rail- road Issues. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, December 8.—Further tax selling made its appearance in the bond market today. Securities of the so-called weaker roads were chiefly affected, with the St. Paul line the principal sufferer. All the securities of this road were offered in large vol- ume, with consequent sharp declines in price. The general mortgage 4%s lost ground with the rest. The de- line was marked in the 4s of 1925, the refunding 41s and the converti- ble 41zs. It is generally believed that what is pening is the recording of losses for fncome tax purposes. Railroad Issues Decline. The weakness in St. Paul issues was accompanied by declines in the aboard Alr Line and the Erfe bonds. Missourl Pacific_general 4s also lost ground, and some divisional issues, generally inactive, were sacrificed. Louls and San Francisco incomes dropped over a point and a half, while the adjustments, which were weak vesterday, were comparatively firm around last night's close. High-grade issues did much better than the speculative bonds. Northern Pacific 3s, for instance. went higher, and there was a good demand for underlying issues. Offerings of this grade were scant. Dealers reported few bonds on hand. Tt is believed the first of the year will see a large number of new Columbia ve short- term issue. Market Street Railway 5s were another utility issue to galu ground. I'eople’s s of Chicago 53 advanced fraction In the foreign group Mexican issues were the feature. Both the 5s and the 1 ivanced under h trading. French §s also improved. All the rty issues were strong, although trading was not on i very large scal 1t worthy of note that vester- day's bond market was the broadest In the history of the tal of 508 issues being d FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominul Selling checks oduy. 1 mark. Tira. franc. . drdelina Armour & Co43s... 1 A IA!hm(ic Refining 5s.. 30 Budapest, crow Azucarea Bar'a 71is. 8 v crown.. Bell Tel Pats........ 4 Stockholm, EX-DIVIDEND TABLE. Tiec. 8— American Beet Sugar pf.. q. American Steel Foundries, stoc American_Tobacco pf.. a Chicazn. R. T & Pacifle 6 pf o D! e Chicago, R. 1. & Pacific Lehigh Valley, a. Middle States 011 € Remington Tspe st pf. Rem'ngton 1st pt.. serles §. St. Joseph Lead, q.. Joseph Lead, extra Southi Porto Rico Sugar pf.. a. Texas Pacific Coal and O Tarrington Co., Tarrington Cu., eXtra.... U. S. Realty & Imp., q. Dee. 11-- Market Street Ry, pr. pf. a. York Air Rrake pf. A. tail Store st Ne niic Refining Co. Aeheouzhh MIE., @ Chevsebrauzh MIE., BL.. Dec. 13— American Locomotise, q Se 1 American Locomotive pf. 1 American 1 American & 1 i Montana Power, Certain-teed_Prod. Ist p Chicago & Northwest, ». Chicago & Nortliwest pf., sa. N. Y. Lackawanna & Western, . Stromberg Carburetor, Dec. Adams Express. q. Advance Rumeix pf.. Albany & Susquehanna, wa. Allied Chemical & Dise pf. ote, stock. American Rank American American 3 American Car & Foundry, q. ‘American Radiator, a. American _Radiator, stoc Atiantic Coant Line, s Rethlehem Steel 7% DI Rethlehem Steel 8% pf. Rethlehem Rethlehem St Rethlehem Steel Colorado & Southern 1st pf Colorado & Southern 2d pr. Crucible Steel pf.. q Cuban American Sug: Endicott Johnson, q. Endicott Johuson' p Famous Players La Guantanamo Sugar pf.. q. Gult'States Steel 1st pf. Ingersoll-Rand, ext. International Salt, q Kresge, 8. 8. Kresge, 8. 8., pf., q. Manati Sugar pf., q. May Dept. Stores pf., . National Lead, q. Owen Bottle, q. Owens Bottle pf Phillips Petrolen Public Service of N. Public Rervice of N. Pure 0il 8% pf., ¢ Pure 0Ol 8¢ pf., q. Pure Oil 67 pf.. Q. 8 .ouis & Southwestern pf. Sears Roebuck pf., q §. 0. of Kentucky, ext. S. 0. of Kentucky, q S Twin City Rapid Transit pf., Twin City Rapid Transit, q. Unton Natural Gas, stock Vacuum Oil, stock. Virginia Iron, Coal —_—— LEAF TOBACCO MARKET. BALTIMORE, December §.—For the past week receipts were 43 hogs- heads; also 50 hogsheads were rein- spected. Sales totaled 53 hogsheads. Prices per 100 pounds—Inferior and frosted, 3.00a4.0 sound common, 4.00a8.00: good common, 9.00a17.00; medium, 18.00a27.00; good to fine red, 28.00a50.00; fancy, 53.00a56.00; seconds, common to medium, 4.00a10.00; sec- onds, good to fine, 11.00a25.00; bay tobacco, fire-cured, 15.00a55.00; upper country, air-cured, nominal; ground- leaves, new, 2.00220.00. Unsound and badly mixed packages from 1 to 3 cents lower. Stock in warehouses—Maryland, 11,927; Ohio, 3,719; total, 15,646. Groundleaves, 89 hogsheads to date. TOBACCO DIVIDEND VOTED. WINSTON-SALEM, N. C., December 8.—Directors of the R, J. Reynolds Tobacco Company have declared a quarterly dividend on preferred stock of $1.75 & share_and on common stock of 75 cents a share, payable in cash January 1. _— SAN FRANCISCO, December 8.— Although the grape growers com- plained and the shipping season was supposed to have dlosed ten days ago, the cool weather has prolonged the season, and grapes are still going east in large quantities today, insuring returns which the farmers did not ex- pect. CHISHOLM, Minn., December 8.— The Oliver Mining Company has asked for bids for the construction of a new town on the iron range near here. The bulldings involved will spproximately S500008 300% 2.50 D. C, FRIDAY, DECEMBER 8, 1922. [sxvw vorx BONDS o s w Received by Private Wire. Direct te The Star Office. UNITED STATES BONDS. . Sales High. 10050 9830 9896 9846 888 9874 082 Low. 10034 9820 Liberty 3%s. Liberty 2d 4s Liberty 1st 4%s Liberty 2d 4%s. Liberty 3d 4%s. 374 Liberty 4th 4% 1207 Victory 4%8'23 €8 Victory 4%s (c) 24 10004 US4%81952... 223 9974 FOREIGN GOVERNMENT, STATE AND MSI.LNICIPAL. les (31.000). High Low. Close. Argentine 7s .12 100% 100% 100% Belgium 7%s. 8 100% 99% 100 Belgium 68 .6 9% 9% %% Belgium 8s. . 5 100 / 99% 100 Bolivia 8s. .6 9 @ B8R Bordeaux 6s. 2 8 T% B Brazil 7s.. .19 B1% E6% F6% Brazil gs. .36 W% 984 98% Brazil 71, 9 @y W% 9% Canada s 1926. .12 9% 991 99 Canada 5%s1929.....10 101% 101 101% Canada 58 1931. 210 99% 9% 9% Canada 55 1952....... 43 99 9% 8% Chile 85 1926, . 52 10% 101% 101% Chile 85 1941 .17 103% 103% 103% Chile 8s 1946, . 10 103% 103% 103% Christiania 8s. . 1110 10 10 Copenhagen 5%s. 7 %% %9 9% Cuba 4158. 6 8 84 8 Czechoslovakia 8s.... 8 &% 8 81 Dan Municlpal 8s B.. 9 108 1072 108 Denmark 8s 18 110% 109% 110% Denmark 6s L2 ke Sk 9% Dominican Rep 8. 4 9% MU 9 Dom Rep5%s81942... 5 87 8% 8% Dutch East Ind 65 47 11 9 Dutch East Ind 6s 62 8 French Govt 8s.. 3 French Govt 7%s. Halti 85 ctfs. Italy 61251925 Japanese 1st 43 Japanese 2 4%3. Japanese 4s. . Lyons 6s. . Marseilles 63 Mexico 58. Mexico 581 Mexico 4s... Montevideo 78 Netherlands 6: Norway 8s. . Norway 6s ctfs. Prague 7%s. Queensland Oucensland 6s Rio de Jan 8s 1946 91 waSESrannfiBe-BattBal w8u~E Rio de Jan 8s 1947 w Sao Paulo, City of, 8s 8l Sao Paulo. St of, 83, 98 Seine, Dept of, 7s. 86 Soissons 6s. B Sweden 6s. - 2 108 Swiss Confed s f 8s... 1% Tokio 5t 5 0)3 Ud Kingdom .87 1% Ud Kingdom 538 °37. 22 102% MISCELLANEOUS. Afax Rubber8s...... 6 9% “* 6 AmAgriChem3s.... 6 %% %! 96% Am Agri Chem 71:s.. 2 103 103 Am Smelt & R 1st 5s. 12 Am Sugar Ref 6s..... 16 Am Tel & Telcy 6s... 1 AmT& Teltrbs.... 18 Am T & Tl trds.... 44 Anton Jergens 6s 12 Bethlehem Steel rf6s 4 Beth'em Steel pm 5s. 18 Beth'em Steelsf6s.. 9 Braden Copper 6s.... 5 Brier Hill St 15t 5%s. 2 Bklyn Edison gen 6s. 12 Bkiyn Edison 7s D... 6 Bush Tm Bldg 55°60. 4 Central Leather 5s. Cerro de Pasco 8s. Chile Copper 6s. Chile Copper 7s. CinG & E15148'62 Con Coal Md 1st rf Cuba Cane S c deb 88 10 Cuban-Am Sugar §s. 3 Dery (D G) s 7 Det Edison ref 6s. Donner Steel 7 5 Du Pont de Nem 73338 Duquesne Light 6s East Cub Sugar 7% Empire F & G 7%, Fisk Rubber 8s. Framerican I D 7%s. Francls Sug 7155 '42. Gen Electric deb 6s. . Gen Electric deb 5s. . Goodrich (BF) 61s. Goodyear Tire 8s'31. Goodyear Tire 8s *41. Holland-Amer s f 6s. Humble Ofl & R 5%s. Indiana Steel 58. Inter Mer Marine 6s. Inter Paper 1st 53 A. 10 Inter Paper1st5s B. & Jullus Kayser sf 7s.. 11 Kelly-Springfleld 8s.. 2 Lackawanna St 5350 1° Liggett & Myers 5s. Liggett & Myers 7s BEBeumamnsS oAl Manati Sugarsf 7! 3 Mexican Petrol 8s 4 Midvale Steel 5s. 3 Montana Power 3 Morris & Co 1st 41ss. 1 National Tube 1st 6s. 10 New England Tel 5s. 52 New York Ed 1st 6%# 17 New York Tel 68'41.. 14 105% 105% 105% New York Tel4%4s8... 2 o4 4 94 North Am Edison 6s. 16 % 3% 4 North StatesPow bs. 8 92 92 o Northwest Bell Tel 78 § 107% 107% 107% Pacific Gas & El5s... 4 24 9% 9y Pac Tel & lel 53 '52.. 2 91% 913 91% Packard Motor 8s.... 3 107% 107% 107% Phila Co ref 6s A 6 100 9% 993 Public Service 5 20 8% & 8 Rob & Myrsist 78°42 1 9% 98% 8% Sinclair Oil 7s. . 17 100% 100% 100% Sin Crude Oll 5%s.... 15 98% 977 98% Sou Por Rico Sug 7s.. 156 99% 99% 99%; Stand Oilof Calif 7s.. 3 106% 106 106% Tobacco Prod sf7s.. § 108 103% Toledo Edison 18t 7s. 8 106% 107 Union Bag & P 6s. [ 7% o7 United Drug cv 8 1 112 112% U S Rubber Ist ref 68 6 £8' 887 U S Rubber 7%s. 2 108 108 U S Steel s £ 53. 1 103 1035 Utah Power & Lt bs.. 9 0% 9% Va-Car Chemical 7s.. 23 5% 9% Va-Car Chem 7%s w. 10 92 92 Western Union 6%s.. 1 109% 109% ‘Wickwire Spencer 7s. 3 %5 %% Wilson & Co 1st 6s... 11 100 100% ‘Wilson & Co cv 7%: 4 108% 108% ‘Winchester Ams 7%s 3 lo1% 102 —_— FINANCIAL NOTES. During the fiscal year ending No- vember 30, 1922, the Hudson Motor Car Company manufactured 61,100 cars, or twice the number made in any previous year. In the course of the current fiscal year the manage- ment of the company is planning the manutacture of 100,000 cars. The Chile Copper Company for the quarter ended September 30, 1922, re- ported a surplus of $819,492, after in- terest, amortization and depreciation equal to 21 cents a share on its $95,- 000,000 outstanding capital stock of $25 par value. This was in contrast with a deficit of $107,322 in the pre- ceding quarter and one of $1,059,970 in the third quarter of 1921. A block of between $20,000,000 and $25,000,000 of the 7 per,cent preferred stock of the Jones & Laughlin Steel Corporation will be offered early next week by a syndicate heaged by the Union Trust Company of/ Pitts- burgh and including the Guaranty Company of New York and the Bank- ers Trust Company. The new stock probably will be offered to the public at 107%. . President Campbell of Youngstown Sheet and Tube says his company is not interested in any merger discus- sion at this time. Concerning busincss outlook he says, “I look for a better winter business for steel industry than I did some time ago.” Several weeks ago he predicted 60 per cent operations through the winter. —_— KANSAS CITY, Mo., December 8.—| Flour- production at southwestern ills continues at a rate wall in ex- ot T 1924, e N e e L e RAILROADS. > (81,000). High. Low. Close. Atchison gen 4s. 4 89% 8% 9% Atchison adj 4s. 1 81% s1% 8% Atlantic Cst Lcol4s. 4 81% 8% 8l'3 Bal&Ohloprin3%s 10 94 9% 94 Bal & Oblogold 4s... 27 81% 81% Sl Bal & Ohlo €s........ 19 101 100% 100% Bal&Ohiocv4l,s... 35 81 80% 808 Bal & Ohloref5s.... 10 8% 86% 8% BEOPLE& WVads. 6 7% ™% B% B&OSWdiv3%ks...13 9% % 9% B&O Toledodiv4s.. 2 6T% 6% 6% BkIynRT 78'21..... 4 90% % 9 Bklyn RT 78°21ctfs. 8 89% 8% 85% BKIRT7s'21ctfssta 2 B85% 85 85% Buf Ro& Pitts4l%s. 10 2 92 @ Canada Southern5s.. 5 98% 9% 9% Canadian North 6 m% ks % 3 Central Pacific 48 Ches & Ohio cv 5s. Ches & Ohlo cv 4% Ches & Ohio gen 448 25 Chi & Alton 3s 1949, 4 Chi & Alton 3% . 8 Chi B & Q gen 4s 1958 30 ChiD & Q 1st & rf 5. 13 CB&Q-Ndivi4s.... 10 Chi & East 11l gen 58. 11 Chi Great Western 4s 13 ChIM&StPrefdlys & 60 58% 59 ChiM&StPcv5s...26 6% 61 68 ChIM& StP4s1925. 21 79% 79% 9% Chi M & St P cv 414s. 6 6% €5 ChiM&StP4s'S... 15 71% 0% 71 CM&StPgn4als.. 49 814 9% 79% CM&PugSound4s. 1 614 61% 67% Chl & NW 73 - 2 108% 108 108% Chi Rys 5s.., Tl T T Chi R 1 & Pac ref 4x.. 39 £3 83 ChiUnStation 6%s. 7 115% 115 115 ChiUn Station4%s.. 11 %% 920% 9% Chi& Windconds.. 6 75 w4 w4 CCC&StLret6sA. 6 101% 101t 101% Colo & Southern 4%s 9 8% 8% 8% Del & Hud Ist & rf4s 2 s315 8814 68 Del & Hudson5i4s.. 2 101~ 101 o1 Den & Rio G con dn.. 1 % Den & RG st refba. 1 2 Detroit United 43s.. FErie 1st con 4s. A e Erie gen 4s. Erieconvds A. Frle conv 4s D. Erie & Jersey 6s 3 Gr Trunk s f deb 6s. Grand Trunk 7s.. Great Nortii gen 7s. Great North gen 5143 Green B & W deb B.. gm':um ERL& T udson & Man ref 5a. 13 Hudson & 1 Il Central 5 ) Inter-M 4155 ctfs sta. 20 Inter Rap Transit bs. 22 Inter R Transit bs ct. 3) Inter R Transit 7s wi 9 Int & Gr Nor adj 6s. 25 Kansas City Ft S 4s.. 14 Kan Cty Sou 2s 1950. 13 Kansas City Sou 6s. . 8 4 ;(a:xacuhcny Term 4s. 5 4 Y X Lake Shore 4s 1 % B Lake Shore 4s 1 2 !:l«'-. 9;“- Lehigh Val cn 45 Rl Slty Bl Lehigh Valle - 1168 14 104 Louis& N unifled 4s. 21 o113 o1 on: Louis & Nash 15t 5331 9 104% 104% 104% Louis & Manhattan Ry cn 4s. 1 Market St Ry cons 58 9 MIEIRy & L1 M & St L 1st ref 4s. ., MStP&SSM6ys. 6 MStP&SS Men s MK&T st dn. cooer s MK&TprinssA MK&T6sC. % MK & T adj 5 581 Mo Pacific . 29 ‘8% 0 Pacific gen 2 &% e NOTex& Mexincbe 2 7% sis ront N Y Central deb @s... 32 108 104 105 97 STy Haven cv deb 6s 2 '"ji 721' :’lh 'w York Rys adi 5s. 25 6 6 6 Pz Y West & Bos 4%s. 14 46% 465 46ls '\.orfolk & Westcn4s 3 g9 $87% 89l A\vodolk & Westcvés 5 113 1125 112% Northern Pacific 3s.. 13 e Szorlhern Pacific 4s.. 30 £6% North Pac ref imp 6s. 12 109 Northern Pacific §s. 2 99 Ore & Calif 1st 5s.... 4 100% Ore Short Liref4s... 1 o1% Ore Sh L con 53 46... 1 102% Ore-Washlstref4s. 11 82 81 s1% Paris-Lyons-Med 65.24 73% 721 7315 Pennsylvania gen 5s. 10 101 100% 100% Penn gen 4%s. u s2 oy 92 Pennsylvania 614 - 4 110 109% 110 Pernsylcon4ks..... 1 % e o3 Pecria & Eastinc4s. 1 29 29 29 Pere Marq1st3s..... 2 9% 964 9% Rio Grande W clt 4s.. 4 66 651y 651y RIArk&LA4%s..... 1 0% 80% 8o StLIM&SR& Gds.. 7 s = §l LIM&S4s'29... 1 uh: ;;"i 3:“6 StL&SFprindsA. 35 T 704 70% StL&SFprin5s.... 4 863 864 6l StL&SF inc6s. 136 60 687% 69 StIL&SF5LsB... 11 % %1 s St L & S Fadj 6s. 159 74 3 73 StL&SFprinésC. 5 100 100 100 Seab'rd AL (sta)ds. 6 b5 64 64 Seaboard ALref4s.. 5 40% 404 40 Seaboard ALadfSs. 13 201 2134 2915 Seaboard ALcon@s. 19 6% 60 60 SouPacificcvds..... 2 a% a% Sou Pacific ref 4s. 46 87 86% 7 Sou Pacific cl 48 25 8% % &% SoutheraRy 1st6s... 5 9714 o1% o7ig Southern Ry gen4s.. 7 115 614 6114 Southern Ry dev €%e31 101% 101% 101 Third Ave ref 4s. < 5 6% 61 61 ‘Third Ave adj bs. -25 57 6% &7 Toledo St L & W 4s.. 1 BY TYH 3R Toledo Traction 6s... 7 814 9813 gets Union Pacific 1st 4s.. 70 % 913 Un Paclfic 1stref4s.. 2 &5% g% Union Pacificevds... 2 95 oqn Union Pacificcv6s.. 2 108% 1031 ‘Wabash 1st 6s. 5 o1y% e Wabash 2d 55 L1 8% emg Western Maryland4s 7 63 6214 Western Pacifiz5s... 20 80% so% West Shorelstds.... 1 82 g Wheel& LEcon4s.. 1 6% 67% Wisconsin Ctgends. 2 80% 80% 803 0 TOTAI.stI.ES (Par Value): &.m.... 3803000 12noom... 5 1p.m.... 682000 2p.m.. o COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, December 8.—Dem: automobiles in this section hl.!"l.zdl;o: seasonal decline, but nevertheless dealers here reported today that sales in the last three weeks have been double those for the corresponding period of last year. All dealers are arranging for 'larger allotments of cars next spring. PHILADELPHIA, December 8.—Ex- traordinarily large shipments of motor cars recently have forced the railroads to provide special equip. ment for unloading these shipments speedily. Cranes and loading plat- forms have been erected where au- tomobiles can be most readily handled. — NEW ORLEANS, December §.— Work was begun today on the steel and concrete bridge across the Rigo- lets to be built by the Louisville and Nashville railroad to assure better transportation between New Orleans and Mobile. FORT WORTH, December 8.—Corn is being held for higher prices by Texas and Oklahoma growers today. AMARILLO, Tex., December §.— Many Panhandle grain fields which have been barren for six months be- cause of drought are green again to day, and farmers are beginning to predict big crops next year. PITTSBURGH, December 8—*They all want low shoes,” declared a deal- er today in commenting on the buy- ing by girls and young women. “We cannot sell our $10 high shogs for $2,” he added. NEW ORLEANS, December 8.— Candy factories here are swamped today with orders and are working full forces night and day. Leading manufacturers today reported that sales had increased 25 per cent in money value and 50 per cent in Vol- Bme aver last seasety #| anticipations in regard to agriculture. FINANCIAL. Grain, Produce and Live Stock WHOLESALE MARKET REPORT. Very little lively buying is reported The demand for meats and poultry small and prices lower. Dealers ex- Pect the demand will increase during the next few days, some orders al- ready Leing placed for Christmas tur- eys. No change in meat prices has been noted this week. The supply remains more than ample and the market con- tinues draggy. Fruits and vegetables continue plentiful, and dealers report Teasonable prices are being asked. Eggs—Strictly fresh, selected, can- dled, per dozen, 53; average receipts, 50; southern, 50. Cold storage eggs, Live pouliry—Roosters, per Ib.. 14: turkeys, per lb., 40a42; spring chic per lb., 22; keats, young, each, 6570 fowls, each, 20. Dressed poultry—Fresh-killed =pring hens, per Ib.. urkeys, per kens, per Ib. 24a25; roosters, per Ib., 1 1b., 40z keats, voung, each, 70a80. Live stock—Calves. cholce, per 1b., 12%:: medium, per b, 12; thin, per 1b, 6a9 Lambs, choice, per Ib. 13 live pigs, 3.0028.00 each; live hogs. per 1b., 8% « 1.75a 1.10a basket .00: Deliclous, No, 1, per bbl., 6.00a7.50. California oranges, per crate, 5.00a6.00. Florida, 4.00: Lemons, per box 6.00a7.00. Grapefruit, 3.00a3.75. Tange- rines, 2.50a3.50. rv*:x?llbl&s—-—l‘ol:uon 1.50a2.00; per sack, 2.00a2. 2 B0a1.00. ° Sweet potatoes, North Caro- er bbL., No. 1 3 No. 2. lina, 1.0042.00; nearby, 1 . Let- . Der crate, southern, 2.00a2.50. Ro- aine lettuce, per crate, 50a1.25; leeberg per crate abbage, northern, 1.50a1.75 nearby cabbage, per bbl . Egg- plants, per crate .. ‘Tomatoes, per Eox, Florida, 3 Beans, 3.00a5.00 per basket. basket. Peppel 2.0023.50. Kale, Spinach, per bl dozen, 50a1.00, 6.50." California grap 3.00. GRAIN AND PROVISIONS. BALTIMORE, Md., December 8 (Spe- cial). chite, 100 pounds, 40 T5a1.85; 1, ;" bushel, <, harrel bushel, 3 , 100, 3.0044.00. Be 5a25. Brussels sprouts, qua Cabbage, ton, 12.00a15.00 bushel, 40a50. Carrots. 104 2 Caulifiower, barrel, .60, Celery. dozen, 50a1/00. Cucumbers. erate. 4. #6.00." Horseradish, bushel, 3.00a Eggplants, ! Lettu bushel, 25ai5. le., 25235, Onions, 100 pounds, ! Oyster ©026.00. Parsnips. bushel, plants, 100, 5 Feps 90a1.00. Peas, . 4.5025.50. Pumpkin . bushel, . 3.0024.00. Toma 00, Turnips, bushel, 5 packel, 241.50; 1o 40; "box , barrel. 11. bushel, { basket, i pples, Cranberr frui 1 red winter, 0. 2 red win No. 3 red . 2 red w 3 red Decembe: lots of n corn, ne: :T. Spot. winter, track corn, vellow ter, 84 per bushe Sales—None. Oats—White, el, asked; No. 3, 53. us Rye—Nearby, 53a90 per “bushel; 983, 91 | [ per bush-{have been a decided difference of opin- CORNER' IN RUBBER - PRICES IS HINTED Cost of Auto Tires and Other Goods May Be Forced Up by London Interests. BY J. C. ROYL 8pecial Dispatch to The Star. (The following excluive stos . conditions in the rubber induilrr;. ';'h;:"‘.dlr“ ly affect the pockethonks of every Ameri who mukes or uses fires, rubber hesls. o K‘M’I‘ ©F other mechani rubber goods ) NEW YORK. December 8- British rubber producers have set pence, or about 34 cents per pound, u4 the mark at which they hope to peg tha price of rude rubber under the e~ regulations imposing heavy taxes ci shipments from the far east. Mar:- dealers and producers here declarcd today that they considered it entire! possible that the prices would be shoved up to that figure, although how long they could be maintained there was a question. As the British market controls the main source of supply, those fror, * the Malay peninsula and the East In- a this points unmistakably hizher prices for tires and mechan rubber g in this countrs. The prese of crude rubber here about 2 ocks of rubber in London proi- ably will total bLetween 90,000 and 100,060 tons before the end of this vea:. aceording 1o cables from that marke i today, but after January 1, thess K& are expected 1o decrease raj - dly. The rubber available in london November 15 amounted to 65,000 tor but the tremendous volume of 1t commiodity which was shipped out the Malay pen 3 1, when the ments w ing_at ¥ Now Nt inte itish po that the taxes are effect ~hi its undoubtedly wid been no startl.ng increase in o regulations ure shipnients and well under the and other ma to of crude rubber quirements of tire ufacturers. 1f they oo not and if high prices not ma tained. it is perfectly within the pov - cr of the British colonial autho to further increase taxation production falls below demand. Rise Started at 16 Cents. When the new regulations were a nou: . and the price of rubber start 10 rise from 16 cents, tire and rubbe men in Amer: became known to- went 1o Washington with a re- t that protests be made to the British government. 1t is understood that these manufacturers were told th: the United States was not in a posi- tion 1o protest over the price of cruc- rubber any more than the British go: ernment was entitled 1o protest over the pric American manufacture: might set o N After numerous meetings. the rubher aticn here, which is an organiza n to protect the interests of d. 3 and consumers, appointed 2 comr h contact” with 1 tion in London. whi looks aft the growers, and attempt come 1o some agreement for ing prices for crude rubber would be mutually advantageous. Up to this time there seems ‘o ion as to what prices were mutua advantageous. AS a consequence ma malers of mechanical Tubber goods ready have advanced their pric e At least two Hay—Receipts, 81 tons; market for{as much ax 15 per cent. t top grade of timothy and light clover { tire munnufacturers, Mason and Ke mixed, 17.00a20.00 per ton and for | Springficld, have followed ~ suit. good mixed. 16004175 fo «‘expected 10 imitate th {5 Ciraw—No. 1 tangled rve 13002 | ample. 16.00; N 2 : No. 2 Other Increanes Likely O3t mopli Two other iniportant producers TODAY the tire field known to heApln CHICAGO, December S.—Althongh unexpected declines in Liverpool quo- tations led to a down turn here in the wheat market today at the outset Failure of s those at Argentine pri as well Liverpool, to respond to 3 reports of harvest delay and crop damage in Argentina was more than traders here were prepared for. Gossip, however. that the President would address Congre today, and night urge farm relief legislation, elped to renew bullish =entiment. The opening, which ranged from I to 8 lower. with May 1.163 to 1.16 and July L17% to 1.17%. was followed by an interval of hesitancy aud then by gains all around. Corn and cats paralleled the action of wheat. After opening 1 to % lower, May 69% to 69%. the corn market scored slight gains.. Oats started a shade to 3 off, May 43, sagged a little more and then be gan to climb. Provisious reflected firmness in hog values. After brief summaries of the Presi dent's message had been circulated the wheat market eased down, the summaries failing to equal bullish Closing prices, nevertheless, were firm at the same vesterday’s finish to 1 cent higher, with May 1.17% to 1.173% and July 1.08% to 1.08%. Open. High. Low. LIS 1. 1IRI, 1161y 1165 1073, 10.05 1025 10.07 10.27 10.00 10.20 DAIRY MARKET! BALTIMORE. December 8’ (Spee —Live poultry —Turk pound, 40a1 poor and crooked breasts, 30a chickeus, 21a23: leghorns, ~ hens, 20a22; leghorns, 18; old roost- | ers, 14; ducks, 19a all and poor. 17a18; ~geese, 20a2 ons, pair, 25a30: guinea fowl. each, 4vaio. Dressed pouitry—Turkeys, ' pound, 42a48; old toms, 40; poor and crooked breasts, 34a35; chickens, old Toosters, 15: ducks, 24a28; geese Eggs—Loss_off; native and nearby firsts, dozen, 50a51; southern, 47a{s. Butter—Creamery, fancy, pound, 56; prints, 56a58: nearby creamery, 44346; ladies, 35a36; rolls, 32a35: store packed, 32; dairy prints, 33a35; process butter, 38239. CHICAGO LIVE STOCK MARKET. CHICAGO, December 8 —Hogs.—Re- ceipts, 26,000 head; market, stead: strong: bulk, 140 to 270 pound ages, 8.30a8.35: top. 8.35; bulk pack- R0; desirable Digs .. light light, sows, smooth, 7.60a8.00; packing sows, roughs, 7.30a7.65; killing pigs, 8.00a 8.30. Cattle—Receipts, 4,000 head; beef steers and better grade beef cows and heifers, strong to 15 higher: killing quality plain; best yearlings, early, .00; bulk native beef steers, 8.50a a lower grade beef cows and heifers, canners, cutters and bulls, slow; veal calves. uneven; choice kind about steady to shippers, packers bidding lower; stockers and feeders, slow. Sheep.—Receipts, 5500 head; fat lambs, opening strong to 15 higher; early top, 15.50 to packers; desirable ninety-pound clipped fed lambs, 13.50; feeders, quiet: fed ninety-five- pound yearling wethers, 12.50; sheep, steady; aged 124-pound weathers, 8.00. PRESS SECURITIES HUNT. NEW YORK, December 8.—In an ef- fort to trace securities said to have been transferred by Charles A. Stone- ham & Co. to Hughes & Dier, which later became E. D. Dier & Co., now bankrupt, papers were filed asking the federal court to modify an order and permit part of the books of the lat- ter concern to be taken to Chicago use betese the grand Jury these, e i | | | d | »».|Great Automobile Year r i ning price advauces for the / diate fu - One of the largest pro ers of druge sundries al Z00ds expects to revise quotations upward inside a week, ar rubber foolwear companies are work - ing on vew price schedules, 1o be of- fective carly next January Tire makers have maintained fo= some time that present prices were too low to allow a fair margin profit, but that competition was keen they had decided to defer con- templated increases. Wages have ad- need from 5 to 12 per cent in the rubber industry and cotton tire fab- rics also have increased in cost. New price schedules, however, ara expected to give wider margins of profit, and companies engaged {n this line of production are expected to at- tain a vastly improved position, s the volume of business is at record- breaking figures and Is expected to increase next spring. when new auto- mobile production schedules go into effect. . Railroads and mines are buying mechanical rubber goods in tremer- dous_quantities, rubber footwear de- mands have necessited operation «f factories at capacity and rubber heel makers have placed many of theis plants on a two-shift schedule. Atlanta Banks Still Expect 30-Cent Cotton .. [ Special Dispateh to The Star. ATLANTA. December 8—DMerchants w of the southeast are enjoying the best holiday trade of the last three vears, with every indication that the volume of business will increase proportion= ately right up to Christmas day. Bankers and the best informed busi- ness men here do not consider that the upward movement of cotton prices has been checked. They are not in- clined to abandon their position that the staple will reach 30 cents a pound soon. ‘ ‘ Now Considered Certain ial Dispatch to The Star. DETROIT, December 8. —FExecutises n the automobile industry are now registering less concern and morae confidence in the outlook for 1923. Specifications for steel, copper, per wire, wheels, bodies and tires going out in large volume to firms which handle those specialties. For + the first time since 1920, there is a disposition to lay in heavy inven- tories. A large part of this material will be used up between mow and March. The number of cars being made for storage and the heavy vol ume of orders for the spring trade show what motor manufacturers a:i dealers think of the prospect for 1 Increase of $5,000,000 in Building in Chicago Special Dispateh to The Star. CHICAGO, December 8.—The buil« - ing boom here shows no signs of abatement. Permits issued last montit totaled $20,000.000, a gain of $5.000.« 000 over the previous month. Build~ ing material dealers report that an unusual amount of construction wo is being figured on at present, and sash and door factories and planing mills here today are running at cae pacity. Young People Urged to Work in Factories Special Dispatch to The Star. PHILADELPHIA, December 8.—The chamber of commerce here is cou- ducting a campaign among schoul children to interest them in other than “white collar” jobs. Pamphiets are being distributed showing the wages factory workers are receiving and giving views and descriptions of local factories and the opportunities work in them presents. (Copyright, 1022.) —_— Cuban American Sugar year ended September 30. It and subsidiaricd report net profits, $2,023,447 after i terest, tax, depreciation, etc., again aect loss, $L896,731 vean