Evening Star Newspaper, January 17, 1923, Page 22

FINANCIAT FINANCIAL. D.-C., WEDNESDAY, JANUARY 17, 1923. THE - EVENING STAR, WASHINGTO. ey NEW_YORK STOCK EXCHANGE | SFLLING RENEWED |[ox =¥ ~oxx BONDS swoex mcaivce] Groim, Produce " . FIRMTO WORK Received by Private Wire Direct to The Star Office UNITED STATES BONDS. RAILROADS. f i . INBOND MARKET,... .. 8 o 1o emorsan amest | K] QI FIELDS 1 i Liberty 3%s.... 90 10118 10110 Ann Arbor 4s. . \ 10112 6% Eggs—Strictly fresh, selected candled, Liberty 2d 4s. 4 9810 9810 9810 Atchison gen 4s. 899 per dozen, 38; average receipts, Liberty 1st 4% 9880 9862 9870 | Atchison adj4s.. 82 southern, Cold storage eggs, 27- Liberty 2d 4%s. 8826 9816 Atlantic C L col 4s concessmns in RUSSIa Sa|(l to Have Been ©btained on Royalty Basis. ARKETS HEAVY ONFOREIGN NEWS Supporting Orders Appear in Stock List as Check to Extensive Selling. Tow. Close. | 9% 69% | Midale States OIl.. 13% | Midvale Steel. . 14 | Minn & St L (n) 71% Mion St P& S S 45% Mo Kan & Texa 20% |Mo Kan & Tex pf. 37% | Mo Paclfic. 72 |Mo Pacific pf. 107% | Montgomery Ward 81% [Moon Motors. ... 112% | Mother Lode Citn. 1% | Nash Motors. ... 1715 | Nash Motors pf. ‘68 | Natl Acme. . 615 | Natl Biscuft w 138% {Natl Biscuit p. . o1 [Natl Cloak & Suit. %% |Natl Enameling. 1 [Natl Lead. ... 2034 [Natl Ry of M 2d 122 |Nevada Copper.... 11 |New Or Tex & Mex 3 [N ¥ Alr Brake..... 75 |N ¥ Central.. NYDock......... NYNH & Hartrd. 17% N Y O & Western 19% 74 | Norfolk & Western 110% 7 |North American. .. 101% 14, North American pt #41s 1223, | Northern Pacific.. 7% 150t | Nunnally Co. . 9 Yist; [Oklahoma Prod. - 14 |Orpheum Cireuit. Otis Steel. ... 231 |Owens Bottls. 51 |Pacific Gas & EI. 95 |PacificOll.... > | Packard Motor- ... a7 | Packard Motors pf. 45 [Pan-Amer Pete... 33 |Pan-Am Pete (B). 14 | Pennsylvania. .. 100%% | Penn Seabd Steel. . &9 (People’sGas.... 110% |Peoria & Eastern.. 1% | Pere Marquette 130 [Philadelphia Co. 119'% | Philadelphia Co pf 22 |Phillips Pete... 131% 'Plerce-Arrow. . W'z |Plerce-Arrow pf. Pierce Oil. Pierce Oil pf..,. Open. 1% 2% 3 60% u 3% 1% % 20% ™ % 106 101% n% BY GEORGE T. HU = Special Dispatch to The Star. SO IEluRgs. | NEW YORK, January 17—Acute|Belgium 8s. ... weakness in French bonds was easily | Bern 8s...... the feature of today's market. The |Bolivia s French 7is made a new low record | pordeaux s, for all time, the previous low being 91, | prasi] an’ established November 14, 1922. The | Brasil 7%s French 8s held relatively better, but | Canada bs 1926. were very heavy. Pressure was espe- gfllmdflB’Au 192: clully severe on the French cities is- | onadabs1931.. Canada bs 1952 sues, the Bordeaux, Marscille and |cnile 85 1926 Lyon 6s of 1934. All these made new | Chile 85 1941, .. lows, breaking the record established | Chile 851946, ... in March, 1921, Christiania 8s. ... Theso three issues, Cancia their respective municipalities, Czechoslovakia 5. . outstanding in the total amount of | Denmark 8s. only $15,000,000 each. * They were orig- | Denmark 6s. . . inally offered in November, 1919, at[Dutch 1 Duteh I High. [ 214 3 0% u% 8% 1% 2 2% 3 0% u% 1% 16% Air Reduction Ajax Rubber. Alaska Juneau, Allled Chemical Allis Chalmers. Am Agr Chemical. Bosch Brake Shoo. .. Brake Shoe pf. Can. Can pf. Car & Fdy Chicle Co..... Cotton Oil.... Druggist..... Hide & Lea pf. Express. Soe: .- s International. La France Linseed. ... Locomotive, Loco pf. Metals. . Safety Razor. Ship & Com... Smelting melting pf. teel Fdy Sugar Sumatra. Tel & Teleg Tobacco. .. ... Tobacco (B).. ‘Tobac pf (n).. 35; i 925 A% Live poultry—r 1b., 15; Liberty 34 4% %892 987 %0 |B&Oprinits. % turkey:w;:?; ot p;,r chick- Liberty 4th 43s 9858 9842 98435 | & O gold 4 % » D! 35a40; spring zi;t:‘?"lzfi:z 23 lg::z: “:g lxg g:gn. ; g")‘:‘mneorfllz Z:E‘s:;q;‘calu. young, each, 60; nkof-zr‘sfi_ Dressed poultry—Fresh-killed Sprifg FOREIGN GOVERNMENT, STATE |1 & 05w div 35 chickens, per Ib., 35a38; hens, per 1b. AND MUNICIPAL. B & O Toledo dlv 4. 1 27a28: roosters, per Ib, 18; turkeys. s g‘)‘(‘l’l"l"}"’,‘? ‘21 otfe. ¢ Do o/bn 40a45] keats, "youns, cach, e 21 ctsta.. 2 Live stock—Calv i er 1b. r— Buft R & Pitts 4148, g ns\p;uum,kp.-r“llfi,c'w:‘llzn’:'.-c.e'u?in. per i %% Canadian N - 649. Lambs, choice, per 1b. 13: frin f‘:“"“g':z North 6%ia. 3 live Dien. 3.00a5,00 cach: live hoss. | o2 ey Green frults—Apples, per bbl, 1.76 % a7.00; Delicious, No. 1, per bbl., 6.00a | 844 ga'). California oranges, per crate, Py .0026.00; Florida, 4.00a5.00. Lemons, ’ per box. 3.50a4.50. Grapefruit, 3.008 97% 4.00. Tangerines, 3.50a4.50. 100% Vegotables—Potatoes, per bbl, No. 1021 1, 1.50a2.00; per sack. 2.00a2.25 No. 100% 2, 50al.00. Sweet potatoes, orth 9% Carolina, 75a1.50; nearby, 2.00a2.50. o Lettuce, ' per crate, southern, 2.00a 102% 1027 Weakness of French [ssues Feature in Today”s Trading. Little Buying Power. b Low. Close Argentine 7s. 101% Belgium 7%s. . ART P. WLST. ES. BY J. C. ROYL Spocial Dispateh 10 The Star NEW YORK, January 17.—Th active physical move toward deve ing and placing on tho markets of tha world the oil resources of souther soviet Russia has been taken American corporation According te reliable repe coived today from Chattanco; the International Barnsdall Corporas tion has closed a large contrs the Lucey Manufacturing of Chattanooga for large r {drilling rigs and oil well for the exploitation of fields of Russia, along sea The poration holds « '« | fea. Speclal Dispateh to The Siar. NEW YORK, January ness over the fo ne flected in today” decline in the weakness ws W —Unensis = s re- wly nd | zn prin xchange in by a by marked vernment French the low po was only n Buropean by an bonds o almost which francs got down ut week ago, ! t above the The unfor- continued 1o of the other | Burope, the been Qgn 45 1958 T Chi B&Q Ist rf Gs. Chi & East 111 gn 83, Chi Great West 4s... 10 ChiM&StPrf4lgs.. 17 ChiM&StPevis.., 15 Chi M & St P 451925, 12 ChiM &St Pevialgs. 13 ChiM&StP 451934, 1 Chi M&St PP gn 4s, 4 CM& Pug § ChiRysbs. ... ChiRI& Pacrf4s... 4 Chi Un Station 4143, . 10 Chi& W Ind con 4s. CCC&StLrfouA. .. 101% 3 te, 8.00:5.50. A CCC&StLdbavs.. 1 1% | crate; 300400, outs, ¥ crated royalty Lasis, 11 w6l Oty na o % icrate, 2.0024.00. Brussel sprouts, T ! ety Colo s d i GRAIN AND PROVISIONS. 4l Baroeasl £ Bostherntiee & 0% BALTIMORE, Md., January 17 (Spe- | subsidiary of the al).—Potatoes, white, 100 pounds, }:\'g:[h\-’“’nu'g‘-w- we 5041.25; 150 pounds, 90a2.15; sweets, |way grpanized for barrel, 75a2.00; bushel, 25a65; yams, | vestigating ural barrel, 1.00a1.50; bushel, 40460; beans, | €I85 countries bushel, 2.75a3.50; beets, bushel, 652751 | oy e oy oL % | brocoli, bushel, 25a30; brussels joil drilling i 105%{ «prouts, quart. 20a cabbage, ton, | 118% 1 20.00025.00; savoy, bushel, 75a90; car- government, iture ¢ 109% 101% | TOtS, basket, 50a65; cauliflower, crate, 21% Z ex- treme low of November. tunate with German mark {350 Romaine lcttuce, per crate, 50a the E Teeberg . lettuce, per crate. g Cabbage, northern, 1.75a2.00 pel 100 1bs.; nearby cabbage, ver bbl., 1.25a2.25; southern, £.00a2.25 per basket, Eggplants, per crate, 2.50a5.00. Toma- toes, per box, Florida, 2.60a5.00. Beans, 2.00a4.00 per hasket. Peas, 3.00a5.00 per basket. Peppers, per crate, 2.5023.50. per barrel. 1 Spinach, per barrel, 2. per dozen, ; Compauny int sition Hiher it cur o contyal irthle citly Of mor elling movement both ere in Frer 3 went loans . noon tho ¢ previeus fow n N chincry ku ol Caspian ma the ¥ the 91 9% ot are of wifich has lon obligations oo Knowlediged. consequenco was the h International according to these rey neession from the | ted s republic by the oil lands granted to the cone in the § district are to 1 : Burnedall Cors 8= abroad Bover 984 9 %% sUT 68747, 923, Today's price reprasents @ drop | peeneh riovs o 02 of 20 points from the issue price. | French Govt 755, Inasmuch as it is.generally under- | Haiti 6s ctfs. . stood that these bonds were fa e 1st 438, woll placed today's selling apparently 2a4%s represents alarm on the part of in- | Japanese 1s... . vestors. Seatiment In Disided. It hus been the experience hitherto that any such sharp drop in the price of Fre h obligations bas been fol- wed by a good rally. Whether this will be the now remains to be seen. Sentiment as to the outcome of the French operations was sharply divided today, but those who expect- ed success fi the Paris government Water Wks. .. W Wks 6% pf. Wholesale pf. . Writing Prpf. Woolen.... nda. .. Arbor pf... broke through in A BERE il their hotiom P RTo thos Aol o Dry Goods e Lo {Atchison..... ; intic Cst Line ntic Fruit Co. lantic Ref optimisn “is | Atlantic Refin pf.. et { Austin Nichols. ... Itubr. Baldwin Loco.... PBalto & Ohio Ealto & Ohio pf. Rangor & Ar'nst'k Barnsdall tyear orpe and nine this eountr the purpos Del & Hudson 5 Lyons 6s. Murseilles 6 Mexico Mexico Mexico 4s. .. 1 Montevideo 7s. . Nether Norway Ss.. Norway 6sctfs | Prague 7148, < Den & R G 1st rf Gs. Erie 1t con 4s. Srie gen 4s. .. .16 Erie conv4sA... 01050 Erieconv4sD. . 11 9 GrTrunk s f deb 6s. . 2 Grand Trunk 7s...... 28 Great North gen 7s. .. § Great North gen 2 Tavana ERL & P 58 chinery involving veral h dol. This order, jplaced through and ween the ichswehr. was a m M occupation tement by for d the ners per; ian reparat “ake t and to : But if the Ger heir present work under F ist ing ¥ Under the oss in fore n the excha showed surprisingly Had stocks been vere two months : 1t of considera would e been jikely, but_inasmuch as th pblic has not been in Wall street to any extent during the of the ast month and & ha ag been 10 opportunity to stocks from the hands of pools banking nterests. This was | ver- ion during he greater part today. 3 the bro: ed as it has been r bond < wel up hecause they could see nothi tamaging from the home trade outlook n what Is now hap ng or in what is likely to happen abroad Today's Moves in Stocks. the stock market that speculative interests were | government bonds a other markets concern. position the move. the 0 a sellin e severity nd echn! shown et the ng The sugzested nools and putting in set the pean traders were action of today banking supportin selling inspired developments. Professional at work on the short side for the first hour or so. They succeeded in getting some of the leaders of the list like Baldwin Loco- notive, Studebaker, California Petro- eum and Pan American down & point or 8o, This selling movement, ho cver, was suspended as soon as i hecame obvious that no liquidation was under way. By midday the zround lost had been just about re- cained. larze block of Cosden was just under 53, and the stock did in the later trading. Anaconda “trongly supported around 49. The idea is that following the present $100,000.- 00 issue of Consolidated mortgage 6 per cent bonds the proposed $30.000.000 "debenture issue will be convertible into he stock at 50. If this o there would be an object in keeping Anaconda stock around the conversion figure. Pools Watch Specialties. The pools in Beechnut Packing, Mack Truck and Packard Motors took Zood care of their specialties. Pack- ird Motors was conspicuously active nd strong. An ¢normous amount of nis stock was absorbed recently be- tween 10 and 11, and the subsequent ise has been based upon the view hat the present good earnings of ihe company and the relatively high vield warranted higher prices for the “tock. Railway shares during the sreater mart of the time vid little one way ir the other. Particular pressure vas again directed at the independent steel Stocks, but without any great imount of suceess. Hudson Motors <tood out strongly, this beine another case where the comparatively high -eturn has been attrac + good deal of genuine Ssemi-investment iuying. Ly Euro- Reyuolds Tobacco. Recent buring of Reynolds 3 stock seems to be based of that the statement f welve months is cxpected actory in evers respect. on whether ihe company will show over $6 a share on the B stock after aking in nsiderztion the larger apital increase ted during 1922 Towever, carnings continue favorable 23" will be an even better vear ions. . Timken Roller Bearing report covering 1922 operations, which is due 10 be made public soon, will show earn- 188 of bewteen $9 and $10 a share. Avidends are now being paid at the ate of $2 u share. and the earnings Jave caused reports to be circulated that hting in the way of an extra in cash might be declured some time dur- ng 1923 Late Bear Raid Checked. Trofessional traders started another ist the stock market in the part of the afternoon and for a chile made some headway. But in th 15t he upport yvhich had been #0 much in evidence edrlier in the day gain showed offectiviness, and prices ame back all through the list, Stade- ker was well taken below 113, and dwin .. ive, after driven down clogo to 129, rebounded harply. Stecl common, after seiling 8 low as 104 L, recrc sed the 105 level The strength of Packard Motors was n outstanding feature in the final deal- ngs. The pools in American Can and n Corn Products gave proof of their vontrol over the market situation in hese two stocks. Beechnut Packing was bid up sharply despite the talk that people on the inside of the company ire not particularly in sympathy with he move. WORKERS WILL SHARE 3,000,000 IN PROFITS Ty the Associated Presa, BINGHAMTON, N. Y., January 17.— Ihe annual financial statement of the #indicott-Tohnson Corporation says hat the total amount to be divided mong the workers this year will ag- :regate approximately $3,000,000, as gainst $2,000,000 last ye No idea of the fndividual proft share ean be iven at this time, because the list of vorkers partjcipating in the bonus is 10t yot completed. The net operating income for 1922 will be approximately 10,000 60, dinst $8,000,000 last year, Tobaceo upon_the - the pa 1o be sat It is a que Conomic | orders to off- 1 wving been | |Barnesdall (A).... | Becchnut Packing Eecth Steel. Beth Steel ( . |Beth St17% (M)... teel 8% pf. . dison. . tapld Tran. 2 Rap Tr ctfs Bros (A)... {Purns Gros pL.... | Gutite Copper . |Butle & Superior.. iCalifornia Petrol. allahan Zinc. .. iCanadian Pacific. . {Carson Hill Gold. | Case Plow Works. {Central Leather. Cehtral Leath pf.. 1Cerro de Pasco.... {Chandler Motor. jChesap'ke & Ohio. :k‘hc.\ & Ohiopfwi {Chi & Alton pf.... {Chi & East 11 pf.. |Chi Great W pf. {Chi Mil & St P !Chi Mil & St P pf., Chi & Northwn. . Chi & Northwn pf. Chi Pheumat Tool. {chi R 1 & Pacific. . ChiR1&P7%Dpf.. ChiStPM&Om.. Chile Copper. ICluett Peabody.. . jCluett Peabody pf. Coca-Cola. . ‘Culo Fuel Columbia Gas. .. {Columbia Graph... {Comp Tabulator... Cons CIgar. . ... | Consol Gas new. {Cons Textile. ... ICont Can... Cont Can w1 Continental Motors Corn Products. Corn Products p {Cosden & Co Crucible Steel Crucible Steel pf.. Cuban-Am Sugar.. Davidson Chem De Beers. . Deere Co pf. Dome Mines. Dupont (E1). Dupont deb. Electric Stor Bat, Elk Horn Coal. Endicott-Johnson. Erie.” Erie 1t pf. . Famous Players. . Famous Players pf Fifth Ave Bus wi. {Eisher B of O pt. Fisk Rubber...... Freeport Texas.. Gen Am Tank Car. Gen Asphalt. Gen Baking. . Gen Cigar. Geu Electric Gen Elec spl w1 Gen Motors. .. . Gen Mot 6% deb Gen Mot 7% deb. Gimbel Eros. .. Gimbel Bros pf.. Glidden. . Goldwin Corp. Goodrich. Goodrich b Gray & Davi Great Northern pf. Great Nor Ore |Greene-Canane: Gulf Mo & Nor.... Gulf Mo & Nor pf.. Guif States Steel. Harbishaw Cable. Hartman Corp. .. Hendee Mfg. . Homestake. Houston Oll. . Hudson Motors. 1ilinols Central Indiahoma. . Interboro Metro.. Inspiration. .. Interborough int Cement. Int Combustion E. Int & Grt Northn. Int Harvester . Int Mer Marine. Int Mer Marine pf. Int Nickel...... Intl Nickel pf. Intl Paper. .. Intl Paper (sta). Invincible Oil. Towa Central.. Iron Products. 1sland Oil. . Jones Tea. . Kansas & Gult Co. Kayser (Julius). % Kelly-Spring Tire. 4 Kelly-Spring 8% p. 106% Kelsey Wheel..... 106 Kennecott...... 85% Keystone Tire. % Laclede Gas 8415 Lake ilrie & W pt. 67 Lehigh Valley..... 6% Lima Locomotive. 88% Loews Inc. 18% Loft Inc 10% Loose-Wiles 1st... 107% 2% 22% 88 Mack Truck. . Mack Truck 2d. Mackay Cos pf. Macy Co. Macy Co pf Magma Copper.... 80 Mallison & Co..... 6% Manati Suga @y Manhattan Shirt. Marlket St prior... 6% Marland Oll....... Martin-Parry. .. Mathison Alkill. .. Maxwell (A).... Maxwell (B)...... 16% May Dept Stores.. 72 May Depf Stor pf. . 1161 Mclntyre Porcu 18% Mexican Seaboard. 16% Mexican Sbd etls.. 16% 2% 9% 1247 120% 5% 0% Piggly-Wiggly Pitts Steel pf...... Pitts & W Va.. Pitts & W Va pf. Pond Creek Coal. . Postum Cereal. ... Pressed Steel Car. Producers & Ret. Public Serv of NJ. Public Service pf.. Pullman Co. . Punta Alegro. PureOll..... Railway Steel Spr. Ray Con Copper... Reading. . Reis Robert Reis Robert pf.. Remington Typr.. Replogle Steel. Rep Iron & Steel. Rep Iron & StIpf.. Reynolds Spring: Reynolds Tob (B). Royal Dutch...... 8t Joseph Lead. ... St L & San Fran. St L & San Fr pt St Louis Southwn. St Louts Sown pf.. Sahta Cecilia Suga Savage Arme. Seaboard Air Line. Sears Roebuck. ... Seneca Copper. ... Shell Trad & Tran. Shell Union. Sinclair Oll.. Sinclair pf... . Skelly Oil. e Sloss-Shefield. . Sloss-ShefTield pf. . Southern Pacific. . Southern Railway Southern Ry pf. Spicer Mfg Co..... Stand Oil of Calif. Stand Oil of N J wi Stand Ofl of N J pf Steel & Tube pt. Sterling Prod... Stewart-Warner. . Stromberg Carb, .. Studebaxer. . Superior Oil. Tenn Copper. Texas Company. .. Texas Gulf Sulphur Texas & P C & Oil. Timken Bearing Tobacco Prod. Tobacco Prod A. Trans Contl Oil. Union Pacific. ... Uniop Pacific pf. .. Unioh Tank Car... United Fruit. United Ry Inv.. United Ry Inv pf.. United Retail'Strs U S Cast Ir Pipe... U S Food Prod..... U S Indus Alcohol. USRealty...... U S Realty pf..... U S Rubber...... U S Rubber 1st pf U S Smelt & Ref U S Steel. U S Steel pf... Utah Copper-. . yanadium Corp. .. van Raalte. ...... { va-Car Chemical. Va-Car Chem (B). Vivadou...... . Wabash pf (A). .. Webber & Hellbrn 12l Western Pacific... 16% Western Union. .. 110 Westhse Eles & M 68% Wheeling & LE.. 8% Wheeling & LEDf 15 White Eagle Oil.. 25 White Motor...... 5 White Oil. 3% Wickwire 1 Wilson Company. 3% Wilson & Copf... 8 Willys-Overld.... 7% Willys-Overld pf. 44% Woolworth. .. ....21¢% Wright Aero. % 2014 16% 15t 2% 127 16% 0% 9% 8% 15 2 50% 8t prins 6% 86 ™ 4% 24% 22k 2121 ™% 8h 8u High. Low. Last. Call Money. . ¢ 3 8% HOURLY SALES OF STOCKS. m.....197 400 12 M. 321 3% . 393 000 pm... 5270 ——— FRUIT AND VEGETABLES RUSHED T0 MARKET U.'S. Bureau of Markets Reports 10,000 More Carloads Moved in Week. 16 16% 2834 2% 50 3% 14 8% E3 % i 14 B4 3 % 44k By the Aesociated Press. ‘ GHICAGO, January 17.—The fruit and vegetable market this week was subjected to a shippers' barrage of dpples, cabbage, potatoes, onions, lettuee and-celery. The United States bureau of markets reported today that about 10,000 more cars of fruit and vegetables were received this week than last Apples led the attack with about 1,400 cars arriving at market. This frult was strongly supported by onfons, potatoes, lettuce, celery, and other vegetables, showing decided increases in shipments. As a result of this extraordinary movement, the market fluttered con- siderably. Onions alone remained firm, Onfons ranged from $2 to $3.26 a hundred pounds on the various mar- kets; apples were quoted from $¢ to 85 a barrel. cabbage ranged from ton. and potatacs ranzed ~10 2 hundred pounds, were slow to back their opinions by purchuse of French securities. As was to be expected Belgian s and Bel- gian . 7%s declined sympathetically, bonds were the Serbian 8s, Other foreign reactionary, notably which again made a new low, and the Haiti 6s and the Dominican 5ls. The Haiti issue also established a low record. Lack of Buying Power. The entire bond market showed a lack of buying power. Even such very high-grade issues as New York Central 315 and American Telephone and Telegraph collateral trust 5s sold at concessions. The same was true of a long list ranging from Canadian Pacific 4s, Missouri Pacific 6s and general 4s, Baltimore and Ohio 4s. Northern Pacific 6s, Chesapeake and Ohio convertible 58 and refunding 413s to Erie convertible “D" 4s. All the Erle issues, however, were not unfavorably affected and Union Pa- cific first 4s and Armour Real Estate 4135 at one time showed gains. General reactionary tendency ex- tended to the United States govern- ment list, all the old liberties and the new Treasury 4%s being fairly active and lower. It was still true today as Tuesday that the large new offerings as well as the unfavorable foreign news had a depressing effect upon the market New Issue Oversubscribed. The syndicate handling the Ana- conda Copper 6s announced that the entire $100.000,000 had been heavily oversubscribed, but the permanent placing of this necessarily take time. Baltimore and Ohio, it was learned today, proposes | o sell a new issue of 5 per cent cquipment trust certificates to amount of $13.875,000. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS. January 17.—There | has been an extraordinary demand | this week for imported linens and; cogton household goods, such as sheets and pillowcases. The better grades are in special request today. | Factors in this demand are said to have included present crop prices, seneral employment, distribution of | war savings stamp money and fear of | advances in cotton goods. BOSTON, January 17.—The leather market here today holds very and very dull. Hides are slightly lower, but not yet low enough to draw the majority of the tanners into {the market. ATLANTA. January 17.—Fertilizer jobbers of the south will be in the market for 28,000 short tons of nis trate of soda which the government will sell at the Old Hickory plant at Nashville this month. PHILADELPHIA, Pa., January 17 {The psychological effect of colors on the human mind has had a decided | effect on the trend of industry in the paint business, according to mas- ter painters here today. They at- tribute the strong desire for cheerful colors to recognition of the effect { surroundings have on human beings. CHICAGO. Til., January 17.—Pack- ers reported today a general improve- | ment in demand for their products, d(‘-| spite the dullness in the export trade. Beef is moving more freely and prices are stiffening. There is a broad, strong { demand for_pork and pork products. i CLEVELAXD, Ohio, January 17.—A drop of 1c 4 quart at stores of the| Dairyman's Milk Company has been | announced. Carl F. Knirk, manager, said today this was made possible by co-operative methods of milk distribu- ition. Stockholders of the company consist of 160 farmers who sell their milk through their own concern. WHEELING, W. Va., January 17.— lThere is only one idle steel plant in this district today, and it is a small one. Labor shortage is reported ini many plants and an ample supply would mean 100 per cent plant opera- tions. UNIONTOWN, Pa., January 17. Furnace coke is selling around $8 to-) day, while steam coal is bringing an average of about $2.90. Best grades of Connellsville by-product sell at §3.40 { to 33.50. ] SAN FRANCISCO, Calif., January 17.—The packing plants are working sixteen hours a day in the Santa Clara | valley in order to handle the prune !erop, which amounts to 143,000,000 pounds. FORT WORTH, Tex., January 17.— The Texas and Pacific railroad has just ordered_sixteen new_locomotives for use on Texas lines I¥ a cost of about $1,000,000. Further ®uipment *pur- chases, which aggregate about $7,000,- 000 in 'va awaiting approval by the boart irectors,* B. & 0. SEEKS TO PAY | FOR 52 LOCOMOTIVES Railroad Asks I C. C. for Right to Issue $13,875,000 in Trust Certificates. To finance the purchase of fifty- two - new locomotives and £,000 frelght cars already ordered, the Baltimore and Ohio rafiroad notified the Interstate Commerce Commission today it desired to issue $13,875,000 in 5 per cent equipment trust cer- tificates and sell them on the open market. The commission’s approval was requested. Total cost of the new equipment will_amount to $18701,625, but part- of the expense will 'be met with funds on hand. -The certif would be secured by the uew rolling sivek. ol but without making néw low records. { also | large amount must | | Duquesne Light 7155 the | Duquesne Light steady ¢ | Producers & Ref 8s. . | Tobaceo Prod s f 7s. Queensland 7s. { Queenstand 6s. .. .. | Rlo de Jan 85 1946. ! Rlo de Jan 85 1947 Sao Paulo, City, 8. Sao Paulo, State, §s. . 15 Seine, Dept of, 7s. . Serbs Crotes Slov 8s..49 Sweden 6s......... Swiss Confed s £ §: bl ke T s Ud Kingdom 51529, 7 Ud Kingdom 515 '37. 18 Uruguay 8s 1946, Zurich 8s. 8l% 604 105 118% 718 1% 102% 103 "% 105% 118% 1% 114 103'3 104 m% MISCELLANEOUS. Am Agri Chem T%s.. 8 104 Am Smelt & R 1st 5s. Am Sugar Ref 6s.... Gl 1004 Am Tel & Telcv 6s... 6 115% AmT&Teltrss. ... i Am T & Tel tr 4 19 Anton Jergens cv 6s. . 1t Armour & Co 4%s..... 13 Atlantic Refining 9 Bell Tele Pa 7s. 2 Beth'em Steel pm 5. 15 Beth'em Steel s £ 6s 9 Brier Hill St 13t 5143. 19 Bkiyn Edison 7sD... ¢ | Biyn Edison gen 5. 1 Bush Tm Bldg 53'60. i5 Central Leather | Cerro de Pasco ss. . . | Chile Copper 6s. . 1 Chile Copper 7s. ! Cin G & E15 { Con Coal Md 1st | Cuba CaneScvdss.. 1 103% 91 102% 15% % 1% 80 8% 9% 107% i Det Edison ref 6s.... 11 i Du Pont de Nem 7328 15 3 s... 23 East Cuba Sug 71s. . 12 Empire F& G 71%s... 16 Fisk Rubber 8s. 2 Framerican 1 D 71:s. 18 Gen Electric deb 6s.. 13 Gen Electric deb 5s. . 25 Gen Refractories fs.. 6 Goodrich (BF) 614s. 15 Goodyear Tire 8s'31. 7 Goodyear Tire 8s°41. 19 Holland-Amersf6s. 8 Humble Ol & R51%s. 16 Inter Mer Marine 6s.. 1 Inter Paper 1st 5s A. . 33 Inter Paper 1st 5s B. . 1 Julius Kayser s f 7s.. 17 Kelly-Springfield §s.. 9 Lackawanna St 53'50 2 Liggett & Myers 5. Liggett & Myers 7s. Lorillard (P) 5s. Manati Sugar s Marland Oil 8s war. . Mexican Petrol 8s. ... 12 Mich State Tel 1st 58, Midvale Steel 5: New York Tel 6s '41 New York Tel 41¢s... 22 North Am Edison 6s. 19 North States Pow 5s. § Northwst Bell Tel 7s. 11 Otis Steel 8s 1 Pacific Gas& EI5s.. 8 Pac Tel & Tel 53 '52.. 14 Packard Motor 8s.... 4 PhilaCoref6sA.... 7 5 Public Service §s..... 6 Sinclair Ol 7s. ...... 3| Sin Crude Oil 51gs. . 13 Sinclair Pipe Line 5s. 80 Southern Bell Tel 3s. 6 Sou Por Rico Sug 7s.. 3) Stand Oil of Calif 7s.. 4 Steel & Tube 7s 7 19 Unior. Bag & P6s.... 2 United Drug cv 8s.... 3 Un Steam Copen 6s.. 2 U S Realty s 4 U S Rubber 1st r£ 5s.. 13 U S Rubber 7%s. 1 U S Steel s 68 45 108% Utah Power & Lt 5s.. 10 92 Va-Car Chemical 7s.. 3 9,14 Va-CarChem T%sw. & %l 9% ‘Warner Sugar 7s. 1106 106 Western Unlon 63s.. 11 110% 10% Wickwire Spencer 7s. 1 97% 97% Wilson & Co 1st 6s... 6 101% 101 101% Wilson & Cocv 7%s.. 3 103% 102% 102% Winchester Ams 78 4 108% 105 103 U. S. AUTO FIRMS FACE KEEN RIVALRY ABROAD 108 W% French Machine Said to Make 32, Miles on One Gallon of Gas. Special Dispateh to The St NEW YORK, January 17.—Axel Ackerman of Sweden, who is here to investigate automobile exports, made plain to automobile dealers today that in order to capture the frade of northern Europe, American cars must meet strong competition from the low power Frenoh and German ma- chines. He instanced the fact that the Voisin car, a French product, had made a great reputation by establish- ing a mark of thirty-two miles on one gallon of gas. PULP BOARD DUTY CUT. OTTAWA, Ont, January 17.—An order in council reducing duty on Pulp board in_tolls for use in the manufacture of wall board was issued today. Pulp board is placed on a five. cent ad valorem scale, as against the present duty ranging from 1i to 25 ber cent. It does not now appear in the tarifl as a specific item. STOCK INCREASE VOTED. ALLENTOWN, Pa., January 17 The stockholders of the Lehigh-Port- Jand Cement Company today voted to increase the capital stock from $18,- 000.000 to $25,000.000. These directors were elected: Gen. H. C. Trexler, . M. Young, George K. Mosser of Allen- town. John D. Ormod of Emuus, T and A, X, Goweis of Chicago. Hudson & Man ref 5s. Hudson & Man aj 5s. . xs Tl Central 5%s. ... .. 1 Inter Rap Transit 5 12 Inter R Transit 7s... 3 Int & Gr Noraj 6s... 50 lIowa Central ref 4s... Kansas City Ft § 4s. . Kansas City Sou 3s. Kansas City Sou 5s Kansas City Term 4s. Lake Shore 48 1928, . Lehigh Val cn 4s 2003 Lehigh Valley 6s. Long Island ref 4s. ... Louis & N unified 43. Louis & Nash 5%s. ., Louis & Nash 7s..... Manhattan Ry en 4 Market St Ry en 5s. .. 2 Mich Central deb 4s. . Mil El Ry & L 1st 5s. . M&StListrefds... MStP&SSM6is. MK & T 1st 4s. MK&TprinssA... MK&T6sC. MK & Tadj 5s Mo Pacific 6s. ... Mo Pacific gn 4s Montreal Tram 1st 53 3 O Tex & Mex inc 6s 10 N ¥ Central deb 6s. .. 2 N Y Central deb 4s. .. I N Y Centralri5s. New Haven cv deb fs. 25 New Haven deb 4557 3 New Haven 7s...... ew Haven 7s francs. N Y State Ry 44s. ... {NY West & Bos 4145, orfolk & West cn 4s. | Norfolk & West cv 63’ 12 Northern Pacific 3s. Northern Pacific 4s. North Pac ref im 6s Nozthern Pacific és.. 70 Ore Short Liyef 4s. ... Ore Short Licn 58 "45. Ore-Wash st ref 4s Paris-Lyons-Med 6s. Pennsyivania gen 5s. 12 lgen4ts.... 16 =ylvania 6155, 21 Pennsylvania gold 7s. 15 Penn: Pere Marq st 5s. Reading gen 4s. RIATKE L 4% StL&SFprindsA, 31 StL&SFprinsSs. StL&SFinc6s.. StL&SF5%sD. StL&SFadjés..... StL&SFprinésC. 2 StLSWist4s. .... San A & Ark Pads 4s. 1 Seaboard A Lref ds.. 1 Seaboard A L adj bs..25 Seaboard A L con 6s. 17 Sou Pacificev4s..... 19 Sou Pacific ref 4s. . 40 Sou Pacific clt 4s. ... 4 Southern Ry 1stbs... 6 Southern Ry gen 4s. . 25 Southern Ry dev 8145 10 ‘Third Ave ref 4s 2 Third Aveadjbs..... Union Pacific 1st 4s Union Pacific cv 6s... 13 Virginia Ry 1st 5s. 14 Va Ry & Pow Ist 55.. 1 Wabash 1st 5s. . ‘Western Maryland 4s 11 Western Pacific 5s... 1 West Shore 1st 4s Wheel & L E con 45, Wheel & L IS ref 4 ‘Wisconsin Ct gen 4s. 3 4 5 1 1 1lam.. 1pm.... 8842000 London, pound Montreal, doliar . Parls, frane ... Brussels, franc Berlin, mark ome. lira Zurich, Athen: Madri e 100 crown mark ... en, crdwn a, crown Iy the Associated Pr YORK mand, Fium, many s demand, .0610 demand, Holland, Sweden, demand, demand, .1972. 870. densnd, 0124, 000037, Czechsiovakia, Argentina, demand, the cleven®corn uary 1, 19 by the of agriculture e per cent increase is PARIS, sixty-day France, demand, .1145., Montre; 624 8% 8 6 60% 80% l TOTAL SALES (Par Vaiue): 3881000 12 noon. . 2p.m. e — FOREIGN EXCHANGE. (Quotations furnisbed by W. B. Hibbs & Co.) Nominal Selling checks, gold value. today, 12:15. 6591000 - 10290000 January 17.—Foreign Quotation demand, bills demand Italy, 047 cable: -00.0050; demand, Norway, demand, . .2690. Y. Denmark, Switzerland, demand, Spain, demand, .1557. Greece, Poland, demand, , demand, .0 Al 993 CATTLE RAISING JUMPS. Agriculture Department Finds Gain of 25 Per Cent in Year. CHICAGO; January 17.—There were 25. per cent ‘more cattle on feed belt states on Jan- . than on January 1, 1922 according to an estimate issued today ision of crop and livestock estimates of the United States bureau onomicies. This 25 indicated for both groups of states—those east and west of the Mississippi river. PARIS BOURSE HEAVY. January 17.—Prices were heavy on the bourse today. Three per | ton futures opened steady: cent rentes, 58 francs 90 centimes. change on London, 69 francs times., Five per cent 3 doi 20 wentimes, de- Bel- L0611, cables, 3959; 277, Brazil, -32, Ex- cen- 828 | 844 | ferate, 1.50a2.00; celery, hundred, 6.00a%.00; cumbers, crate, 3.5047.00; eggplants, 4.0026.00; horscradish. .00; kale, bushel, 50 lettuce, ct, 2.50 : onions. 100 pounds, plants, hundred, 5.00 bushel, 1.25; 'peas, .00; peppers, craté, 1.50 pinach. bushel, 60a90; squash, 3.00a4.00; tomatoes, crate, $.00 turnips, bushel, 60a75. Apples—Packed, barrel, bushel. 50a1.50; loose 100 pounds, 1 {21.50; baske a60; cranberries, rel, 10.00212.00; grapefruit, box, 3. a4.50; oranges, box, 3.25a4.50; strawber ries, quart, 40a45; tangerines, half strap, 2.00a3.25. Selling Prices at 13:30. Wheat—No. 1 red win spot. quotations; No. 2 red winter, 11.35%2 nominal; No. 3 red winter, no quotations; N red winter, g licky, 1.341 nominal; No. 3 red win- ter, gariic 1.34%2 nominal. Sales—None. Corn—Cob corn, new, 4.20 ai per barrel; contract, spot bushel; No. 2 corn, spot. 86 no quotations: track corn. 3, new or_better, $7 per bushel. Sales—TNone. Oats—White, No. 2 asked: No. 3. Rye—Nearby. 85a85 per bushel; 2 western export. spot, 1.00% bushel: No. 3. no_quotations. Hay—Receipts, 19 tons: for the bet- ter descriptions of timothy and light there was a fair demand under lim- ited receipts at a range of 17.00 20.50 per ton. Straw—No. 1 tangled 116.00; No. 1 wheat, 11.00a12.00; {eat, nominal, 12.00a13.00. 543, per bush- el No. per rye, 15.00a No. 1 TODAY'S CHICAGO PRICES. CHICAGO, January 17.—Despite war [ news, selling, which appeared to be Jarzely on foreign account. turned the wheat market downward today durinz the early dealings. Prices were also bearishly affected by profit-taking o the part of traders here, who on terday, had been active in purcha Besides, some notice was taken of re { ports that Argentine offerings to Eu Tope were larger and freight rates and exchange clined. The opening, which from unchanged figures to % lower with May, 1.203% to 1.21, and July 1133, 10 1.13%, was followed by mod. erate declines all around and then something of a rally. Corn find oats were relati owing more or les: ceipts of corn here. to 3; off, May, 13% to 73%, the corn market scored ‘slight gains. Oats started unchanged to % lowe: May. 4 and later recovered with ! corn. Lower quotations on hogs weakened the provision market Poultry—Alive, lower: fowls, springs, 181:; roosters, 14. 3 Open. High. 1203, 12 1138 1105 firm, After opening 18a22 Reptemier LARD- | Jannary it L10.00 1087 DAIRY PRODUCTS. BALTIMORE. January 17 (Special —Live Poultry—Turkeys, pound, 42 old toms, 30a32: poor and crooked breasts, 25: spring chickens. poor and leghorns, 20a23; old hens, 121a24: small and leghorns, 18a20: old roosters, 15: ducks. poor and thin, 20 geese. 21a2 nd thin, 20: pigeons. pair, 30235 guinea fowl, each, 40a70. Dressed poultry—Tu keys, pour : old toms, 30a3 poor and crooked breasts, chick- ens, 24, old roosters ducks, 25a30; geese, 24a28; 3 small’ slips. 30a32 £ Eggs_(loss off), native and nearby? firsts. dozen 36a38: southern, Butter. amery. fancy. poun carby creamery. rolls, 33 dairy prints, 42a43. _— WALL STREET NOTES. 000,000 for Railroad Station. New Car Record. 0.0 108 16; capons, store 34235; 8 toThe Star. NEW YORK. January 17.—Plans for the new Rock Island railway station in Chicago call for an expenditure o $85.000.000. The first pipe of the first pipe line to cross into Canada from the United States will be laid shortly. Laid by the Illinois Pipe Line Company, the line will be ten miles long and six inches in diameter. The greatest car loading record in the history of American railways was set in 1922, the total being 16 per cent greater than that of 1821. Total car loading with commodities other than coal reached 36,265,178 cars. New York bank balances, $76.000, 000, New_York bank clearings. $748, 000.000. New _York Federal Reserve Bank credits, $74.000.000. Boston bank clearings. $76.000,000 Regular _quarterly dividends today: Kelloge Switchboard Supply Com pany, Pacific Fire Insurance Company Public Service Investment Company soston, preferred and common: tional Biscuit Company, common and preferred. TODAY'S COTTON PRICES. NEW YORK, January 17.—Cotton opened steady: January, 27.00; March, 27.22; May, 27.43; July, 27.15; Octo- ber, 25.60. 1145 _a.m. _ bids—January, 27.28; March, 27.52; May, 27.71; July, 27.45; October, 25.96. Steady. NEW ORLEANS, Jaunuary 17.—Cot- January 26.70; March,, 26.80: May, 26.81; July 26.74; October, 25.22. noon bids h M Special Dispa on 63. n January, 06 July bushel, | 2.00a5.00; | . no quotations; January, { toi that Argentine | had de- | varied | 5 to smallness of re- | tish intermediary is reporte fromi Ch assistance of the putting the new tion “along the splan sea was ing hetween (aj ¥ president of the manufacturis cern. and Nathan A, D of the concessionaires The Baku fields ductive for hundred the wells and prop region suffered heavil political disturbances s location of the field gives it a nosition in the trade of Lotk and the orient, and its wide ment has a decided bearir markets for American produc $2,000,000 Car Contract for J. G. Brill Company Special Dispateh to The Star. PHILADELVPHIA, Janu Locomotive and cquipr conaerns > doing trex The J. Brill §ompa of Philadelphia has been a $2.000,000 order for cars for, cago surface lines. and new p finz s further I chases of cars tractio throughout re cou ! Baldwin Locomotive Comp jlarging it< plant with recent Baldwin boc It g Lucey micl expe ners a shore in during 1911 1u acve build a endois business by mpanic the o ry. Tha Y is ¢ to con on the 16,0000 to enau Ords aggregate {Work to Begin Shortly on $12,000,000 Hotel Special Dispateh to The Star. CHICAGO, January er has slowed down th coal here, but has s ated buildinz operations and automobile All building mater demand, but dealers are v all orders for light buffs brick, 1 cause delay to shipments fron and Ohio. Euilding per e of abo nuary, 1922 under poscd §1 hotel almer Hou construction will begin nes —21ild weatl - domand for m sales. s are in gr hable to n cent weckly over J a new pre are jamong them 000,000 replace activity is shown in t $steel ket by tank builders farm impi manufacturers companies are rcported in the {ket for about 40.000 tons of steel ! {tank purposes. i TRADE WITH THE ORIENT {NEARTO BIGGEST RECORDS { Special Dispate SAN FRANC porters here Volume of t attained suc The §; CO, January 17 declared today that de to the oricnt n h volume that approacied the best ves irccollection, Freer rail moveme { east b have aided imports s shipment of California Ui 1923 «Cops GREAT BRITAIN GAINED IN TRADE DURING 1922 Official figures reaching ment of Comnierce toda Great Britain's foreign tr tmproved her trade posi Iy as compared with 19 In com- parison with the preceding year, im- ports fell off £52.743,000 pr §385.682 - 0, and worts increased - £17,300. 000 o 8.000, while re-exports were 1 4,000 or §15.256,840 The te situation is shown by the report to be less favorab the total of imports. exports an exports Decembe shewed a decrease as comp: the preceding month —_— $100,060.000 BOND OFFER IS LARGEST ON RECORD + the Associatod W YORK fering of $100 6 per cent 1i Phonds of the Ana pany. made todiy ded by the Natic Suaranty de funds for the Anaconda Compar per Company from interests, is said by & the largest single biock of industri financing ever done in this country or abroad. An offering of $50.000,000 d« - bentures of the Anaconda Copper will he made later, id th uggenhe $77.000,000 for Chile” Copper with it con- he Depart- 10wed that de for 2 material- January 00.000 ¢ 7.-—The thirty-year, ted mortis Copper ¢ Company purchase o 2.200.000 shares of Company. which carries trol of the company EX-DIVIDEND TABLE. January 15 Tuterations] Nickei pfd, q. Aflax Powder pfd. Rrown Shoe prd, q Rros. pr pfd Teabeds. q Exchange Buff Todsy., a. Motor Car, Motors, initinl b Motors pfd. h Motors pfd. January 22 International Harvester, q... January 23 General Cigars, a....... Producers & Refiners pfd, q.