Evening Star Newspaper, January 10, 1923, Page 24

. 24 FOREIGN EXCHANG I KEEPSLISTFIRM . Efforts to Depress Stock . b Prices Meet With Only B: Minor Success. BY STUART P. WEST. ! Sperial Dispateh to The Star. NEW YORK, January 10, that French exchange was that French government bonds were higher and that sterling wus ver strons counted a good deal in pre venting any important selling on the New York Stock Exchange through- out the greater part of today's sion. Prices started in higher, indicating that Tuesday's late weakness was The f; tir the result of professional operations | for the decline and not real w due to the Burop on efforts to et . lenewed, with ¢ miere ftive fi Chile Copper Holds Firm. Copper appearcd to have d the time being the terms of acquix but the stock wa und its high pri on the ground t dividends ut the rute of at least §2 a share were like! to be approved in the near future. The special huying which has been going on for the last two weeks or more in_ California Petroleum, and which Wall Street attributes to new interests buving into the property was a May I ment Bought o its earnings and showing. while Coxden again was the featurc of the oil stocks The only real weakness was that in Brookiyn Rapid Transit. in which heavy seiling followed the report that he reorganization plan would in- Volve a $10 axsessment Nash Motors h Motors ng on the a P well support res wi Active. was quite active and nouncement that the s rate of #10 a share n the new stock § we preferred of neariy $24 a capital stock. T earnings pared with $2,226,078 in 1921, teel shares were not affected one way or the other the publication of the monthly tonnage fig show ing a deere: of orders on the bo 1 Corp 94 Wi te change to signith It bore out hand atement which was repeatedly Last month new business wi Ay Lige on the the o rations to tl nee the autu xpects Copper Scare f1d s f; shortage. in the opinic dent of the Mother ic bases his reasoning on the fact that December sales amounted to 300 ©00,000 umption in 1 will amount t pound. this much above Once more today the fina munity took its cue fr of the foreign exchang being the most accurate barometer of bank- ing opinion regarding t Suropea crisis. In this quarter developme were altogether favorabl The most notable performance occurred in sterling, which over a cent in the pound on the dav over cents from the Monday @uotation and actua within less than 3 cents from the high of $4.69 reached on December 16. This re- riarkable movement was open to two interpretations. Less Worry Over Europe. Efther it reflected the view that the situation created by the French fnvasion of the Ruhr was not serfous in itself, or clse it exprested the con- viction 'that whatever the outcome, it would not react serjously upon Great PBritain’s financial position But in either event the advance of sterling told strongly against the pes- i predictions made in high quarters hat would to « Company, who to get co ction ts evidently strong tone reral stock market led to s crease in speculativ the afternoon went on. where stocks were bid up, it was for purely special reasons Expectations of a further increase in dividends were back of the rise in Beechnut Packing. Speculative fa- worites like Baldwin Locomotive and Studebaker, which had been under ure_early in the day, rebounded It was the tvpical action of market in which there had been no real liguidation, and in which, ac- cordingiy, attempts to force prices had met with only transitory 5. The stock market made its high prices In the last hour, and wa «uite as strong then as on the surfac it had been weak at the same stage yesterday —_— SAORT-TERM SECURITIES otations fur Redmond & Noon, ofter minum Co. af Amer. T 1053, Aluminum Co. of Ame 1agvs Cotton 011 t 1038 101 Du_ Pont aodyesr gireat Northern 75 193 ocking Valles s 19: umble Oil Nias 1852 . Kaosas City Term. 6 1923 Xennecott Copper 7a 1980, by, McN. & Libby s 19 4 A g 81 . M. 618 193] i ite . 78 1930, enns. R. K. 18 1030, Bt. Paul Union Depot 5.8 1923, Rears, Roebuck & Co. 74 1023, Bouthwentern Rell T Standard 0il of Calif. 'Mdewater Oil 61a5 1681. Unlon Tank Car Ts 1030, Nacuum Oil Ts 1936, Western Union Glgs Westing'e Elec, & Mfg. TREASURY CERTIFICATES, (Quotations furnished by Redmoud & Co.) ~Noon ——— Offer. 10014 100 102 101 1318 100+ D101 das i o o0 Ts. D008 g0 t® Do i 9 1316 100 99 1516 100 132 109115 ROAD TO REORGANIZE. ST. LOUIS, January 10.—Plans have heen completed for the reorganization of the Denver and Rlo Grande Western railrond under the Jioint ownership of the Missouri Pacific and Western Facific, and the Denver and Rio Grande Western, which is in the hands of a receiver, will be operated #s an independent system, according to railroad officials here. BOOSTS PRICE OF I.EA.D NEW YORK, January 10.—The American Smelting _and . Refining Company has advanced the price of | #ead from .20 0 7.40 conla & pound. 135 September 18, '} .fgs March 15, 1025.... s December' 15, 1925, @is March 15, 1626 148 September 15, 1926, March 15, FINANCIAL wer, 4| part- | 16 after | was up | e i {Del & Hudson. . . |Gen Mot 7% deb... -~ NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. Afr Reduction. Alaska Gold. Alaska Juneau.... 1% A1l Am Cable. ... .. 102 Allied Chemical.,. 7 Allied Chem pf. ... 1% Allls Chalmers Xn Agr Chem p: Am Bosch. .. AmCan..... Am Car & Fdy pf.. Am Chicle Co Am Cotton O1l.. Am Druggist {Am Ice {Am International. Am La France. Am Linseed pf. ... |Am Locomotive. .. {Am Loco pf | Am Metul pi Am Radiator, . Am Bafety Ragor. . Am Ship & Com. {Am Smelting. . {Am Smelting pf... | Am Snuft 5 Am Steel Fdy.. |Am Steel Fdy pf, |Am Sugar {Am Sumatra...... {Am Tel & Teleg... {Am Tobacco. .. {Am Tobacco (B) {Am Tobac pt ()., fAm W Whks 64 pf. {Am Woolen : m Woolen . Writing Prpf. Anaconda. . Ann Arbor pf Ass0 Dry Goods. .. Assoclated Ol. | Atehison. Atchison pf. Atlanta Bir & Atl. |Atlantic Cst Line. . Atlantic Fruit Co. Atlantic Ref...... |Atlantic Refin pt. . Atlas Tack. . . {Austin Nichols {Baldwin Loco. | Balto & Ohio alto & Ohlo pf. nesdall (A) . nesdall (B). | Bayuk Bros. ... |Beechnut Pac Beth Steel (B) Beth Steel 8% pf. {Booth Fisheries. Bklyn Edison. . Bklyn Rapid Tran. Bkiyn Rap Tr ctfs Bklyn Union Gas. . {Brown Shoe. ...... ‘liurus Bros (A)... Purns Bros (B). |Burns Bros pf.. Butte Copper... Butte & Superior.. {BULterick. ovensnss 4ddo Ofl. ... . Caitfornia Peking. ifornia Petrol. iforniu Pete pf. allahan Zinc. ... Canadlan Pacitle. . ({Case (J D DI...... Central Leather. .. iCentral Leath pf.. Cerro de Pasco. {Chandler Motor. {Chesap'ke & Ohlo. © Ches & Ohio pfw i Chi & Alton. |Chi & East 111 pf. . {Chi Great W pf. {Chi M1 & St P, Chi Mil & St Ppf.. |Chi & Northwn. {Chi Pheumat Tool. hi R1 & Pacific, . Chi R1& P 6% pf. Chi R1& P 7% pf. |Chile Copper Chino Copper. “luett Peabody |Cluett Peabody pf. Coca-Cola., ‘oca-Cola Df. Colo Fuel Columbia Gas. |Columbia Grap) |Conley Tin Foil.., iCons Cigar pf..... Cons Gas of N Y Consol Gas new Cons Textile Cont Can. { Cont Can w i. Cont Canpf. ... Continental Motors Corn Products. ... Corn Products pf. . 1 {Cosden & Co..uvee {Cosden pt. . Crucible Steel. {Cuban-Am Suga! Cuba Cane Sugar. Cuba Cane S pE. i Davidson Chem... Bee: . {Deere Del Lack & Wstn. Dome Mines. Dupont (B 1) Eastman Kodi Electric Stor Bat.. Elk Horn Coal.... Endicott-Johnson. Ene.. Exchange Buffet.. Famous Players Fed Mines & 8pf.. Fifth Ave Buswi.. Fisher Bod: Fisk Rubbe: Freeport Texas. {Gen Cigar.... Gen Asphalt,..... {Gen Asphalt pe. iGen Baking. iGen Electric. | %n Elec spl w Gen Motors. . semacesave A1 % rd 8 201% 1% 19% 8 6t s 5 180 i 14% I Glmbel Bros. Gimbel Bros pf. Goldwin Corp. Goodrich . iGoodrich pf.... {Great Northern pf, !Great Nor Or | Guantanamo Su. . |Gulf States Steel.. {Hartman Corp.... ]‘vauws ake. . Houston O1l. | tudson Mators. .. | Hupp Moto! Hydraulic Steel. .. Hydraulic 5t1 pf i Indiahoma Inspiration. Interborough. Interborough pf. % |Int1 Agri Chemical Int Cement Int Combustion E. Int & Grt Northn. Int Harvester.... Int Mer Marine. Int Mer Marine pf. Int Nickel. s Intl Paper Intl Paper (sta) { Invincible OIL Island Oil. Jewel Tea. ... Jones & 1/ghlir Jones Tea. Kansas & Kansas City Sou.. Kansas C Sou pf. Kayser (Julius). . Kelly-Spring Tirs Kelsey Wheel cott. Kresge (S 8). Laclede Gas. Lake Erle & W pf. Lee Tire & Rubber Lehigh Valley..... Lima Locomotive. {Loews Inc. . Loft Inc. ... Loosa-Wiles Lorillard (P) Loufs & Nashville. Mack Truck. Macy Co........ Magma Copper. Mallison & Co. . Manhattan El cti Market 8t Ry. Market St prior. Marland Ofl. . Maxwell (A) Vot High. Low, Close. % % 1% 102 7% m 3 THE EVENING STAR, WASHINGTON, IFURTHER RECOVERY IMaxwell (B) May Dept Stores.. 703 McIntyre Poreu. .. 18t Mot Edison pf. ... % iMexican Seaboard. 17 % 4 1% Mo Kan & Tex pf. 4 | Mo Pacifio. . |Mo Pacific pf. {Montana Power Moon Motors. .... Mother Lode Citn, Nash Motors Nash Motore pf. Natl Biscult wi. Natl Condutt. Natl Enameling... Natl Lead. Natl Lead pi Natl Ry of M & Nevada Copper... New Or Tex & Mex N ¥ Air Brake. ... N Y Alr Brake (A) N Y Central..... NYChi&StL2d N Y N H & Hartta. 20% NYO& Western.. 20% * | Norfolk & Western 100 2 {Oklahoma Prod. North American. .. 101% North American pf % Northern Pacific.. 7415 Nova Scotia Steel 27 Ohio Body & Blw. 17 18t Orpheum Circuit. . 4 |Otis Blevator. ..,. 160% 2 6515 7914 % | Bouthern Ry pf Otls Steel. Owens Bottle. . Pacific Gas & El. PacificOil,.., Packard Motor. Pan-Amer Pete. .. Pan-Am Pete (B). Panhandle P& R Pennsylvania. Penn Seabd Steel. Peoria & Kastern Pere Marquette. Philadelphla Co. Phillips Pete. Pierce-Arrow..... Plerce-Arrow pf.. Pierco Ofl....... Plggly-Wigg] Pitts Coal. Pitts & W Va. Pond Creek Coal. Porto Rico Tob. . Postum Cereal, Postum Cer pt Pressed Steel Car Producers & Ref. . Public Serv of N J. Pyblic Service pf. Pullman Co. Punta Alegro..... Pure Ol1. Puro Oil 8% pf. 8% 897 0% o 10% 0% 8oL 4% 6l 364 40% 67% .14 . 2 7 Railway Steel $pr. 114 Ray Con Copper... Reading..... Reading 1st pf. Remington Typr. Replogle Steel. {Rep Iron & Steel. . {Reynolds Springs. Reynolds Tob (B). Royal Dutch. 8t Joseph Lead. £t L & San Fran. . St L & San Frpf. . Santa Cecllia Suga Savage Arms.. Beaboard Air Lin Seaboard A L pf. Sears Roebuck. . Seneca Copper. .. Shell Trad & Tran. Shell Union. Sinelair Oil. Sinclair pf. {Skelly 011, |Bloss-Shefeld, {8o Porto R S pf. .. Southern Paciflc. outhern Railwuy 12% B3, ety 10% rd 8i% A% € 204 6% 3] % nz 101% €3 ity 831 €% 145 % 6% Uis |Spicer Mfg Co Standard Milling Stand Ofl of Calit, Stand Oilof N J wi Stand Oll of NJ pt Steel & Tube pf. Sterling Prod Stern Bros pf. Stewart-Warner, Stromberg Carb. Studebaicer. . Submarine Boat. Superior Oil.. BTn 21 14 24 Texus & P C & Otl. Third Avenue Tide Water Oil.. Timken Bearing. Tobacco Prod. Tobacco Prod Tol St L & West... Trans Contl Ol Twin City R Tran. Union Pacific Union Pacific pf. Union Tank Car. United Drug. United Reta. U 8 Cast Ir Pipe.. USCastIrPpt U 8 Express. ., U 8 Indus Alcohol. USRealty.... U S Realty pt U 8 Rubber. U 8 Rubber 1st pf. USSmelt& R pf U S Steel. U S Steel pf. Utah Copper. Utah Becurities. Vanadium Corp. . n &% 104% 6% 101 1% 106 1221 6534 18% kg 69% 8% =% 12% 1 n 57 110 9% 9 2% 494 3% @ 5% « 27% Webber & Hellbrn Western Elec pf. . Western Md.... Western Pac pf... Western Union Westhse Eles & M Wheeling & L k. White Eagle Oil. White Motor. White Oil. Wilson Company Willys-Overld. . Willys-Overld pf. Wisconsin Cent'l. ‘Woolworth. . Worthington 5 4% 2 217 8 2% % High. “Low, Last. Call Money..... % M & HOURLY SALES OF STOCKS. 11am..... 200 600 12M 328 000 1p.m..... 48800 2p.m... 562 100 et Sy FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks, gold value. today,12:00 m. 4, /6515 09.50 0880 London, pound .. Montreal, dollar Taris, franc Drussels, franc . Berlin, mark . Rome. ' lira Zurich, franc Athens, drach: Madr.d, peet: YVienna, crown Budapest, crow Prague, crown Warsaw, mark... Copenhagen, crown Christiania,” crown Stockbolm, crown .. By the Associated Press. NEW YORK, January 10.—Foreign exchanges firm; Great Britain, de- mand, 4.66; cables, 4.66%; sixty-day bills on banks, 4.64%. France, de- mand, .0691; cables,/.086: Jtaly, do- mand, .0500; cables, .05001%. ~Beigium, demand, .0635; cables, .06 Ger- many, demand, :000096; cables, .000097. Holland, demand, .3961; cables, .3964. Norway, demand, .1862 Sweden, de- mand, .2693. Denmark, demand, .2028, Switzerland, demand, .1894. Spals demand, .1573. Greece, demand, .012: Poland, demand, .000062. Czecho- slovakia, demand, .0285. Argentfue, demand, .3762. Brasll, demand, .1137. Montreal, .99 7-16. ———— The Prussian parliament has forty members w2% | IN FRENCH BONDS Pressure on St. Pauls Fea- ture of Domestic List— Other Changes Irregular. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, January 10.—In tha face of a generally weak market French bonds continued thelr recove ery today. Whether this was in sym. pathy with the strength In franc exchange or whether it was due to the fact that the selling late last week and on Monday had been over done cannot be sald. Certainly there was nothing in the pews from abroad to. change the gencral situation. Other Foreign Issues Gain Other foreign bonds shared the im- proved tone shown by the French lesues. The Serbian §s were an ex. ception. These mude another new low. United Kingdom Gis of 1829 were very activé at higher prices and Swiss ds also Improves Outslde the foreign list the feature was the steaGy pressure on the St Faul Issues. Practically all the obligations of that road sold lower. T fact, conditions here resembled those prevafling in the closing days of December when the declines were generally ascribed to the recording of losses for income tax purposes. Of course, no such explanation suf- fices today. All the St. Paul lssues sold lower, including the Puget Sound s, Seaboard Air Line 6s, among speculative lissues, and Worthern Pacific prior lien 4s among high grade {nvestment bonds, were soft. Domestic Bounds Higher. rie prior lien 4s and New York, st Chester and Boston 41xs, amon L ulative Issues, and General Elec tric o, among the high grades, were higher. For the general weakness in the market the best explanation obtain- able was the competition from new ofterings. Active bond traders In close touch with conditions were in- clined to criticizc the investment bankers for crowding the market. Under the flood of new issues the old necessarily suffered. Liberty bonds aguin moved frregularly. The Treasury 4%s sold above par and then reacted. Judging from the ac- tion of government bonds the market for the highest grade of securities is stabilized for the moment. It Is quite different with speculative issues. EXPORTS T0 EUROPE SHOW AN INCREASE Trade With South America Also Continues Climb, Says Com- merce Report. American exports to Europe in No- vember show a slight increase over those of October, according to sta- tistics made public today by the De- partment of Commerce, which show three—Asia, Oceania and the coun- tries outside of the United States in orth America—bought less in No- i vember than they did in Oectober. The trade to South America contin- ued its steady eclimb. “'By grand divisions the November exports, as compared with October, follow: Eurcpe, $215,801,649, against 18205018784 North America, $86.857,~ £33, ngainst $89,124,063; South Amer- ica, $22,304,401, against $20,079,498 against $40,576.93 , against $10,620, $5,490,134, against ;DOMESTIC ONIONS ARE 43iq | Botatoes. Apples and Cabbage Also 1 Make Important Gains During Week. By the Associated Press. CHICAGO, January 10.—Loyalty to the domestic onion, which had been lagging behind its' foreign counter- part, took a spurt the first week in January, when shipments increased 50 per cent, according to the weekly report of the vegetable review of the federal bureau of agricultural economics, made public today. Ohio led, with 140 cars, and New York and Indiana_contributed about 70 cars each. With moderate supplies the leading markets showed price in- crease of 25 cents a sack. Chicago quoted best Colorado yellow varleties at $2.50 sack, while Californla browns were held strong fn Fort Worth at a range of from $2.75 to 2.90. 2t the first nine months of 1922, onfon exports aggregated 620,528 bushels, compared to imports of 894, 219 bushels. Shipments of potatoes, gpples, cab- bage and sweet potatoes also made important gains. TODAY'S COTTON PRICES. NEW YORK, January (0.—Cotton futures opened firm; . March, 20. ber, 24.87: 26.35 26.77; ulet but W ORLEANS, La., January 10— Cotton opened steady: January, 26.39; March, 26.46; May, 26.50; July, 26.28; 24.55; (12 noon bids) Janu- March, 26.36; May, 26.37; October, 24.40. Steady. piituhe Sty NEW YORK DAIRY PRICES. NEW YORK, January 10.—Butter, firm; receipts, 7,664 tubs; creamery, firsts (88 to 91 score), 49%af3l. Eggs, unsettled; receipts, 10,433 cases; fresh gathered extra firsts, 47a48; do., firsts, 44a46; New Jersey hennery whites, uncandled extras, 58a60; state earby hennery browns extras, Cheess, firm; receipts; 115,761 pounds; state whole milk flats held special, 28%a29, BAR SILVER PRICES. LONDON, January 10—Bar silver, 314 pence per ounce. Money, 13 per cent. Discount rates, short bills 2%a 2 er cent. "’th‘:-ee-monm bills, 2 5-16a% per cent. NEW YORK, January 10.—Foreign bar silver, 643; Mexican dollars, 49%. EXCHANGE SEAT, $29,000. NEW YORK, January 10.—The New York Cotton 'Bxchange membership of Louis St. Clair Colby was sold yes- ferday to Louis Brooks for a con- sideration of $29,000, an advance of $300 over the last prévious sale. TAKES ROCKEFELLER'S PLACE NEW YORK, January 10.—James B. Forgan, president of the Union Trust Company of Chicago, today was elect- ed & director of the New York Central rallroad, succeeding the late William Rocketeller. —— Eratosthenes, .head of the Alexan- dria Library, first measured the eir- Gumference of the earth in 246 B.C, July, 261 2 also that of the six grand divisions | D. ¢, WEDNESDAY. JANUARY 10, 1923. [ox v vors BONDS e ] Received by Private Wire UNITED S8TATES BONDS. ($1,000). High, Lew. Liberty $%s.... 340 10124 10114 Liberty 3d 4s. 1 9834 9884 Liberty 1st4%s 78 9893 0884 Liberty 24 4%s. 202 9348 ®4d Liberty 3 4% $905 9000 Liberty éth 4 %e 260 9886 9870 Victory 4%s'38 21 10026 10022 10022 UB4Ke1052.., 207 10004 9% 9998 FOREIGN GOVERNMENT, STATE AND MUNICIPAL. . Iligh. Low. Cldse. 101 1007 100 9% 963 ] 9 I 9% 3% % Close. 101 14 el 884 9848 902 9876 | Arzentine 7s Belglum 7%s. Belgium 6s. . Belgium 85 Bolivia 8s. .. Bordeaux 6s. . Brazll Canada bs 1926. Canada 6%s 1929, Canada 5s 1931. Canada 68 1952, Chi; Chinese Govt Ry bs. Copenhagen b%e. .. Czechoslovakia §s. Dutch East I 65'82.. French Govt 8, French Govt 7% Halt! 65 ctfs. . Japanese 16t é}e Japaness 2d 413, g faslouninntcsdi¥iBhew Mexico bs large. . Mexico 4s, Norway 6s Prague 7346 Queensland 7s Queensland 6s Riode Jan Rio de Jan Sao Paulo, 5 Suo Paulo, Btate, 85. . Seine, Dept of. 75 Serbs Crotes Siov 8s. Swiss Confed o f §9. .. Ud Kingdom 5 %29 301 Ud Kingdom 535 '37. 82 Uruguay 8 19 Zurich 8s. 1087 106% m% MISCELLANEOUS. Am Agri Chem 7%8.. 25 108% AmSmelt& R1st5s. 71 ®02% Am Sugar Ref 68.... 44 103% Am Tel & Telcv €s... 2) 116% AmT& Tecltrss 5 oy AmT&Tecltrds %1% Anton Jergens cv 80%a Armour & Co 418 8% Atlantic Refining os. 9% ! Bell Tele Pa s . 7T 108 ] Bethichem Steel rf 6s b Beth’em Stecl pm be. 985 1 Beth'em Steel s £ 0. . 0% Brier Hill St 15t 5 %8, 96% Bklyn Edison 75 D 108% Bklyn Edison gen 6s. T34 Bush Tm Bldg 6s '60. Central Leather s Cerro de Pasco 8s. Chile Copper és Chile Copper 7s. Comp-Tab-Rec 6s Con Coal Md 1st 58 Cuba Cane S cv d 8s. Det Edison ref 6e. ... Du Pont de Nem Ta 7 Duquesne Light 7%s. 7 Duquesne Light - { Bast Cuba Sug 7 13 Empire F& G 13 Flsk Rubber8s.. ... Framerican 1D 7%s. Gen Electric deb 6s. . Gen Electricdeb5s.. 7 Goodrich (BF) 6%s. 4 Goodyear Tire 83°'31. 42 Goodyear Tire 8s'41. 9 Holland-Amer & f 8s. 51 Humble Oil & R 6%s. 23 Indiana Steel bs...., 3 Inter Mer Marine 6s.. 2 Inter Paper 1st 5s A ? Inter Paper 1st 58 B.. 21 Julius Kayeers €7s.. 4 Kelly-Springfleld 8s.. 2 Lackawanna St 5860 2 Liggett & Myers 5s. .. 10 Lerillard (P) Gs. .. 2 Manati Sugar s £ 7348 Marland Ol 74e . Mexican Petrol & { Mich State Tel 1et Gs. Midvale Steel s. i Montana Power Js 1 National Tube 1st | New England Tel ta. | N Y Edison st 6335 NYGELH&PIs. New York Tel 65°41.. 10 New York Tel 4%s... 3 North Am Edison 6s. 37 North States Pow 58, 3 Northwst Bell Tel 7e. 21 Pacific Gas & EI 6 Pac Tel & Tel 55'52. Packard Motor Phila Coref 65 A . 17 Producers & Ref §3... Public Service 6s. Sinclair Oil 7s, 8in Crude Oil b4, Sinclair Pipe 8ou Por Rico Sug 7s.. 3 8tand Oll of Cali Ts. & Steel & Tube 75. 1n Tide Water Ol 6335.. 6 Toledo Edison 15t 75, & Union Bag & P 68 Union Tank Car 7 United Drug cv Ss. U S Rubber 1st rf is U S Rubber 7%s. T S Steel 8 £ 68 Ttah Power & Lt s VYa-Car Chemical 7s Va-Car Chem 7%s w. Warner Sugar 7s Western Union 6%s Wickwire Spencer 7e, Wilson & Co 18t € Wilson & Co cv 7 %6 Winchester Ams 748 12 0 LS £ won-88mae bes 12 @ 8 54 108t 1088 o114 £ Ba% 108% 1m o078 101 10234 100% 018 101% 1023 100% DIVIDENDS. Pay- Stock of . 9. 8200 A0 reb i .y Q. B. Fel 1 Feb. 15 General Ciga 00 0 e 5. Cigar Co. pt. 3 2 i Gper & & 4 Genera] Motora Gorp. 6% Pf. Q. $1.50 . et Generai Motors Corp. 694 'deb, Q. $1.50 T Feb, Qeneral Motors Corp. 7% deb, Q. 3175 3 Feb. Home Tnsura; - Dec. s Nasnviile, Feb. Feb, Mar, Apr. Jan. 17 SUGAR PRICES UNCHANGED. NEW YORK, January 10—The early raw sugar market today was active and unchanged, with spot Cubat quoted at 3% cost and freight, equal to 5.40 for centrifugal. There were sales of 15,000 bags of Cubas for immediate shipment and 17,000 bags for January at 34 cost and freight, while private advices from Cuba said that during the past few days about 75,000 bags had been sold to local refiners for February shipment at 34 cost and freight. —_— PARIS MARKET FIRM. PARIS, January 10.—Prices were firm on the bourse today. Three per cent rentes 58 francs, 50 centimes. Exchange on London, 68 francs, & centimes. Five per cent loan, 76 francs, b centimes. The dollar was quoted at 14 francs, 56 centimes. - cnanSeeSnBanoas Apr. Feb, Jul ..Feb, 16 o, «.Mar. 15 5 1 2 1 1 1 1 1 1 1 x Direct te The Star Ofiice. RAILROADS. Kales (81,000). High. Low. Clese Atchisongen4s.... 12 90 80% &% Atchison adj 4s. 7 2% 8% AtlanticCL 1st4s.. 6 83% 88 o 8% 101% SWdlv 3%s. . Toledo div 4 BklynRT 76°21.... 4 Bklyn R T 7s *21 ctfs. 1t BKIR T 7°21 ct sta. Canadian North 75 Canadian North 6 3. Canadian Pac deb 4s. 14 Central Pacific 45. €8 & Ohio cv 5w 68 & Ohlo cv 4 %5. Ches & Ohio gn 4% Chi & Alton 3a 1 Chi & Alton 856, ChiB& Qgn 451938, 6 ChiB&Qlstrfss... 12 Chi & East Tl gn 65.. 17 Chi Great West 45... § Chi M &St P rf 438, 102 ChIM&St Pevbs. ., 17 Chi M &St P 4s 1925, o2 ChIM&StPev i ChiM 2 BE omBralBamea b Rys08....... Chi RT & Pac rf 48 Ch! Un Station 6%, Chi& W Ind con 4s. . CCC&BtLrfés A CCC & StLdb4ss.. Cleveland Term 51;9. Colo & Bouthern 4348 12 Cuba R R 5s. 6 Den & Rio G con 3 Den& RG 1strfGs.. 164 Erie 1st con 45 Erle con ext 7 Erie gen 4s. Erle conv s A. ErieconvisD. Gr Trunk s £ deb gs. . Grand Trunk 7s. Great North gen 7a. Great North gen § 158 Green B & W deb B.. Havana ERL & P Os Hudeon & Man ref Gs. Hudson & Man aj is 1l Central 5%s. . Inter Rap Transit os. Inter R Transit 7s Int & Gr Nor aj 6s. Iowa Central ref 4. Kansas City Ft S 4s. Kansas City Sou 3s. Kaneas City Sou 58. . Kansas City Term Lake Shore 45 1928, Lake Shore 431931 . Lehigh Val cn 45 2003 Long Island ref 4 Louis & N unified 48 Louts & Nash 5 1 Louls & Nas Mo Pacific gn 4 = Montreal Tram 1st 53 6 Nassau E Ry 48 1967. 15 New Orleans Term 15 3 NOTex & Mexincbe 5 N ¥ Central deb 6s. .. 21 N ¥ Central r 5s. NY¥CentLCelt3 New Haven cv deb 6: New Haven deb 45 57 New Haven 7& N Y State IN Y we Norfolk & West cu 4s. Norfoik & West cv 6 Northern Pacific 3s.. Northern Pacific 4s. . North Pac ref im é; Northern Pacific 6s. . Ore Short Liref 45 Ore Short Lcn 5546, Ore-Wash 1st ref 4s Parls-Lyons-Med 65 Pennsylvania gen &s. Pennsyl gen 43s. Pennsylvania 6 1. Pennsylvania gold 7s, Pennsylcon 41zs. .. .. Pc_!a & East inc4s. Ry & Bodowedl [ETOTTRL o8 Rio Grande W StLIMESR&G s StLIM&S4s 29, StL&SFprin4sa. StL&SFprin s, StL&SFincés StL&SF5148D. StL&SFadjés..... StL&SFprinésC. BtLSWist4s... Seaboard A L ¢s sta. Beaboard A L ref ¢s. Seaboard A L adj bs. Seaboard A L con 6s. Sou Pacific cv 48 Sou Paclific ref 45. Sou Pacific clt 4s. Southern Ry 1st Gs. Southern Ry gen 4s. Southern Ry dev 6ls Sou Ry Mobile & O 43 Third Ave ref 4s. Third Ave adj os. Union Pacific 15t 43 Un Pacific 1st ref 4s., Union Pacific ey 4s. Unlon Pacific cv €s.. Virginia Ry 1st 5s. Wabash 1st o3 g Western Maryland 45 Western Pacific is. .. & Wieconsin Ct gen 4s. 0% 80 TOTAL SALES (Par Value): 13am... 335000 12noon.. 518900) 1pam... 8051000 2 pan 968600 {SENATORS MAKE PLEA i FOR NEW RAILROAD 1% 5 0% 104 9! % 1044 106% 8% €31 { i Great Northern Opposes Extension of Competing Line in Wash- ington State. Congressional representatives of Washington state urged the Inter- state Commerce Comission today, dur- ing formal argument, to grant the Wenatchee Southern Raflroad Com- pany permission to connect east and west transcontinental railroads run- ning through that state by construc- tion of & new north and south line at a cost of about $3,500,000. Senator Jones said the raflroad would provide access to lands sultable for irriga- tion development, while Senator Poin- dexter told the cominission that the north and south connection would fn- sure fruit growers an adequate freight car supply and better trans- portation service. Representatives of the Great Northern_ railroad were present to oppose the requested authority, on the ground that the new construction would deprive the Great Northern of traffic and at the same time would not of itself be capable of earning a re- turn on the investment. WALL STREET NOTES. EW YORK. January 10 (Special). —TFollowing recent reductions by other companies, the American Sugar Refining Company today reduced refined sugar 10 points to 6.90 & pound. F. W. Woolworth Company today declared the regular quarterly dividend on common stock. The $1.26_quarterly dividend declared by Union Tank Car on common stock puts it on a $5 basis. The regular quarterly was declared on preferred. Ex-dividend today: American Ice, preferred and common; E. I. du Pont de Nemours preferred; Prairie Oil; FINANCI iGrain, Produce and ! Live Stock LOCAL WHOLESALE MARKET. Lggs—Strictly fresh, selected candled, per dozen, 45; average receipts, 42a43; southern, 42. Cold storage €ggs, 30. Live poultry—Roosters, per 1b., 15; turkeys, per Ib., 35a40; epring chick- ens, per Ib., 30a32; keats, young, each, 60; fowls, each, 27a28. Dressed poultry—Fresh-killed €pring chickens, pes Ib., 35a3s: hens, per 1D 30a32; roosters, per Ib., 18; turkeys, Per | 1b., 45450; keats, young, each, 70280, l Live stock—Calves, choice, per 1 medium, per lb., 13al3lz; thin, 1b, 6ad. Lambs, choice, per 1b. live pigs, 3.00a8.00 each: live hogs, per Ib,, 91, Green fruits—Apples, per bbl, 1. a7.00; per bushel basket, nearby, 758 1.00; Deliclous, No. 1, per bbl., 6.00a 7.60. California oranges, per crate, 5.00a6.00; Florida, 4.00a5.00. Lemons, per box, 3.50a4.50. Grapefruit, 3.003 4.00. Tangerines, 3 Vegetables—Potatoes, per bbl. 1, 1.50a2.00; per sack, 3.00a2.20 2, 50a1.00.’ ‘Sweet potatces, North Carolina, 75a1.50; nearby, 2.00aZ. Lettuce, per crate. southern, 2 Romuive lettuce, per crat sttuce te, berg lottuer, ‘per, crute, 430 abbage, northern, 1 nearby cabbage, southern, , per crate, per bo, Florid, 024.00 per basket. Peppers, per Kale, per per barrel, .00. 1.0041.35; California, per California grapes, per basket. Tom Beans, b: crate, 3.00a4. GRAIN AND PROVISION BALTIMORE, January 10 ( 100 1bs., . Beets, bu Brocoll, bushel, 30a40. Brus- sprout 0.0 basket, . 4.00a0 2.0041.00 uce, b 1bs,, 48.00, bushel, - 1.50a3.00. Onfons, 100 23.00. Oysterplants, 100, 6.00 Parsnips, bushel, 1.10a1. 3.0024.00. Peppers 13.00. Spinach. bushel, Squash, crate. 3.00a1.00. Tom. crate, 2.00a4.50. Turnips, basket, o ked, bbL, 2.00a3.00; : loose, 100 Ibs., Cranberries, bbl., Grapefruit, box sket, new a spot, %33, corn, spot, 841;; N tations; track corn. new or better, 87 0 bushels of 1,434 bushels 4.00 per ba per bush. t 82 White. No. 2, 54 vo. 3, 54 per bushel: No. spot, 99 per bushel; for top clover mixed and for good mixed raw--No. CHICAGO PRIC 1., Janu SWnwa t today in | alings, e of any demand being rently ible. Lower quo €rpool counted somewl pressing factor. There ticeable effect elther w market after announcement t ders had been issued for the with- val of American troops in Ger- | The opening, which ranged from halt cent lower to i cent ad- nce, with May 11 to 1.18% and | July 1.14% to 1143, was followed b a setback all around to below day's finish % ‘orn and o result of . receipts of corn iier. nitial fign ns were casier In line with | 112i K 1104 1085 Lo7ey DAIRY PRODUCTS, BALTIMORE, Md., Live poultry old toms, ed breasts, ; small_and leghorns, sters, 15a16; ducks, : pigeons. pair, fowl. each, 40a70. ed poultry—Turkey a poor 5042 old crooked breasts, 3 old and mi Ials; duek Nati : southe pack: , 81a32; process butter, 41a42. CHICAGO LIVE STOCK MARKET. CHICAGO, January 10. — Hogs — Recelpts, 31,000 heud: slow to 10 fo 15 lower; bulk, 160 to 200 pound ay erages, 8.60a8.60; top, 8.65; bulk, 215 to 300 pound ' butchers, 8.358.4 bulk packing Sows, 7.40a7.80; desi able pigs, mostly 8.00a8.25: heav hogs, §.30a8.40; ‘medium, 8.35a8.5: light, 8.50a8.65; light lights, 8.45u8 packing sows, smooth, =_7.60a8.0 packing sows, rough, 7.25a7.65; kil ing pigs, 7.75a8.43. Cattle—Receipts, 7,000 head: acti beef ers and bu she stock, 15 to 25 higher; spots up more on better grades; tarly top matured steers, | 11.65; bulk beef steers. $.50a10 canners and cutters, bulls, veals, calves, firm stockers and feeders strong to higher bulk desirable bologna bulls around 4. beef bulls active, 6.50a6.50; bulk veal calves to packers, 10.50a11.00. Sheep—Receipts, 14,000 head: open- ing slow; early sales fat lambs gen- erally steady; early top, 16.00 to city butchers; 14.75 to packers; clipped fed lambs, 12.00212.25; sheep weak; heavy ewes off : 85-pound Mex- ican wethers, 9.00; feeder demand broad; no early sales. SEEK NEW FINANCING. Two subsidary corporations of the St. Louls-Sun Francisco system plied to_the Interstate Comm Commission today f permissio jsxue new securities. to be turved over to the parent corpol ion, The Kangas City, Memphis and Birming- | ham asked anthorization for an iskue of $112,684, while the s ¢ Fort Scott and Memphis sought pe mission to issue §1,12 also promisory notes. : Both represented that the St. Loui. San Francisco Compuny had advance them amounts in cash equal to the Value of securities given, for ad ditionz and betterments on their lines. to in AL. RAW SILK SUPPLY NEAR DANGER POINT Only Enough Material on Hand to Last Mills Here for Two Months. enough raw silk last nionths at the in the U manufacturers present rate of duction, in spite of the tremendous imports which have arrived in this country in the last few months. That fact was emphasized today by promi nent silk men in explaining the fir ness of raw silk prices in the face of large arri this market. Continued heavy importations, added, cannot help but might be passed right down the lina th, &h dea hol the ylth agreed tha ight and pred in general strong prices prevail for any mouths to c Buyers’ Strike Hit silk. Improvement in the been largely Y g to the tren business ment, manufacturers de Perhaps 10 industry the reqults of strike” than s rly part of 1 aia “buyers’ with redu could 1o higher prices for higher-price When that at manufacturer. held back th th sl at ase output. therefore other lin sales them. Again Vaking Profits. 10 whether operating some quest As are | Some produ. ents arrivi n the case of Seattle neariy $150,000,000 in Consumer demand fo hown no sign of dimin as, and the trade in ard to a prosper- gonds has irg since general looks 1 ous year. Upward Price Trend. 7 i of prices of The dange ten it cotten fie tions to be reflected duced by Senator Jol of Missinsippi, mission of 100,000 regular immigration quota. Expansion of business has had a de cided effect on demand for office furnt ture and equipment, and sales of thes commodities have increased percepti since the first of the year. ‘Coprright, 1928.) ANACONDA CO. PLANS $130,000.000 PROJECT Seeks to Buy 2.000.000 Shares of Chile Copper Stock and Redeem Some Outstanding Bonds. By the Assoctated I'res NEW Y J uary 10.--A deu involving the acquisition by the Ana- conda Copper Mining Company of th Guggenheim's holdings of Chile Cop-, per Company stock, and the revamp ing of the Anaconda's funded indeb | edness to reduce interest charges, s nearing completion, according to a re- port_{n New York's financial district the New York Tribune sald toda: The project, the article says, in- volves $150,000,000, and if completed will take rank as the largest ind ng undertaken since *n the Anaconda and the Guggenheims have not yet been signed. but the report has a hitel which would that . the report Anaconda Copper Mi ompany probably will mark 000.000 new bonds or bord urities ditional |EX-SULTAN IN PORT SAID. Greeted by British Officials Prince of the Hedjaz. PORT SAID, January 10.— Mohar fromer Sultan of Turkey Malta on board b Ajax, on his way and the Britishr wars to_Mecca. He was received the Britien ofticials and Prince Abdulluh, son of the King of the Hedjaz. NASH PROFITS $7,613,246. EW YORK, January 10.—Net pro Nush Motors Company for e months ended November . amounted to 613,246, aft expenses, inventory reserves, depr. clation and state and federal taxe according to Charles W. Nash, pr dent of the company. in a statem to stockholders. Following a lull dur ing the first three months, productior for the remaining nine months wae practically at capacity, resulting in &t output and sale of about 40,000 cars SUES CHEMICAL CONCERN. NEW YORK, January 10.—The fed- eral government has begun suit to re cover $1,600.000 of §1,500,000 ad vanced the Butterworth-Judson Cor- poration, makers of chemicals dur- ing the war. The government's claim is that it advanced the money in 1918 8o the company might build a war plant in_Brunswick, Ga., and that the.p! has never been com- R recently named for I.'UB. SALE BRINGS $300,000. WINNIPEG, Manitoba, January 10. More than $300,000 was realized a! the fur auction here today, attended by deulers from all parts of the Amarican continent und _Europe Prices were lower than at the mid- . It was estl- of the 160,000