Evening Star Newspaper, January 19, 1923, Page 24

. FRIDAY. JANUARY 19, 1923, e T \ D. 5 o FIN FINANCIA Grain, Produce and| oy THE EVENING STAR., WASHINGTON, MARKET ABORS PROFIT TAKING Stocks Co-ntinue Upturn as of Foreign Ex- Tone changes Improve. BY STUART P, spavial Dispateh to The St NEW YORK, January ficting influences were the xed affair. I wday stock was @ were ¥ in impress this, o their 15 wgainst e went on in othe in rke aliz direstion n on priee eration: WEN evidene t, which ing for the sules nd But The NEW YORK STOCK EXCHANGE Alr Reduetion. Alaska Jyneau Ajax Rubber. . | Allled Chemical. |Allis Chalmers. . {Am Agr Chemical. Am Agr Chem pf.. Am Beet Sugar-.... Am Bralke Shoe # {Am Bosch......... {am can lAm(‘nr&l"‘dy..,. {Am Chicle Co. . {Am Cotton Oll. 1Am Druggist. . .. {Am Express. .. Am Hide & Leath. . Am Hide & Lea pt. {Am International. {Am La France.... Am Linseed pf.... Am Locomotive... Am Metals. .. {Am Safety Ragor.. Martin-Parry.. ... Mathison Alkfli. Maxwell (A).. Maxwell (B). . |May Dept Stores MclIntyre Porcu. .. {Mexican Seaboard. Mexican Sbd ctfs. . Miami Gopper-.... hAMiddle States OI Midvale Steel Minn & StL (n). Minn StP &SS Mo Kin & Texas. . Mo Kan & Tex pf.. Mo Pacific. . - Mo Pacific pf. Montgomery Ward Moon Motora. ... Mother Lode Cltn. Nash Motors. .. Nash Motors p Natl Biscuit wi... atl Enameling... Natl Enamel pt. .. Open. Received by Private Wire Direct to The Star Office High. Low. Clove, 20 B3% [ 16% B 18% 18% us 104 100 a L3 100t 29 2% 49 164 2% 18% 16% 15% o w4 27 61y 61% 1% 38 18 2% 20% 18% u% 04 40% 68 1004 2 5 19 6% 2% 1% 16% 16% b 1% 2% Tha 61% 157 0% bty 434 21 8% % 108 9% 0% 6 100% LESSLIQUDATION INFOREGN BONDS Several Intéresting Incidents Among Home Issues—Rails Gaining Ground. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, January 19.—While lthere was no very great change in the price level the bond market to- day presented a number of interest- ing incidents. First was the sharp advance in Mid- vale Steel 58 in response to the an- nouncement of the effect on these [oxnre von BONDS ok o] Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. Balos ($1,000). Liberty 3%s... 212 Liberty 1st 4%s 15 Liberty 2d 4%s. 105 Liberty 3a 4%s. 142 Liberty 4th 4 " Victory 4%s’23 47 10022 10024 US4%s1962... 2.6 9984 9990 FOREIGN GOVERNMENT, STATE AND MUNICIPAL. Sales ($1,000). High. 101% % 9% 9% nk 91t 3% Low. Close. 10126 * 101 30 9860 - 9868 812 9820 osE4 o858 9842 9848 Low. Close 01% 101% o8k 97 5% Argentine 7s. . Belglum 7%s. . Belgium 68 Belgium 8s.... Bern 8s Bolivia 8s. . Bordeaux 6s. Brazil 7 Brazil 8s..... Brazil 7i%s. ... Canada 681926..... 3 Canada 5%s1929... 11 Canada bs 1931 % 95% 1% RAILROADS. Bales Anu Arbor 48 .6 Atchison gen & 26 Atchison adj 4s..... 6 Atlantic CL1st4s.. 1 Atlantic CLeol4s.. 5 B&Oprin2%s.. B & O gold 4s. .. O PLE&WYV 4s.. 11 O SW div3%s.. 4 B& O Toledo div 4s.. 1 Bklyn RT 78'21.... 19 Bklyn R T 7s '21 otfs. 39 Buff R & Pitts 4%s.. 1 Canadian North 7s... 1 ‘Canadian North 63s. 15 Canadian Pac deb is. 23 Ches & Ohio cv 5s. ... 19 Ches & Onio cv 4 145. . 80 Ches & Ohio gn 41 Chi & Alton 33 194 ($1,000). Hign. Low. Close. 5% ‘ 65 8% % 8% 82 4% 6% 100% 9 2% 100% Live Sl(lck LOCAL WHOLESALE MARKET. A decided improvement in the meat markei since the Christmas holiday season Is noted. Beef prices are ap- 8% | proximately $1 a hundred higher than £ |at!the close of the holiday season. 2154 | Cattle are not so plentiful, and there is an increased demand for cholce meat. The pork market is not in good shape. Dealers this morning reported the pork market as being dAraggy. Several changes in prices have been noted the past month, but prices are about what they were a month ago. Eggs—Strictly fresh, selected candled per dozen, 38; average receipts, 3 southern, 35. Cold storage ezgs, 27. Live poultry—Roosters, per 1b., 15; : Ib., 35; spring chick- 7a28; keats, young, each, ‘65 8% 0% 79 2% i than ever before CROVINGBY LEAPS Figures Show Habit Is Get- ting Fixed Hold on People All Over Country. BY J. C. ROYLE. Special Dispateh to The Star. S NEW YORK, January 18.—Tie 1 x:- cab habit is more firmly | people of the United and rapidly. The men most prominen associated with this business 7 dicted today that the number of cahs tnercasir TAYIGAB INDUSTRY in service ,the coming year will fa- exceed all records. The numibe = of taxicabs in service today has fu- creased slightly more than 15 per cent since January, 1922, according th figures which became available for tha first time today. quarters. L series of very s, Lut with no sign, how- is interruptions in |Am Ship & Com Am Smelting. . Am Smelting pf. Am Steel Fdy..... Am Sugar........ Am Sumatra.... Am Tel & Teleg. Am Tobacco. . better less |Am Tobacco ( Situation | Am Tobac pf (n) . {Am Water Wks. upon |Am W Wka 6% pf. Am W Wks 7% pf.. {Am Woolen. ... Am Zine & Lead. Anaconda. Anwarbor pf.... ssets Realizn. . 50 Dry Goods. ... Asso Dry G 24 pf. . oclated Oll. Chi & Alton 338, ; fowls, each, 2 ChiB& Qgn 4s 1958, Dressed poultry—Fresh-killed spring g:ggq 1st rf 5s. .. chickens, per b, 30a33; hens, per Ib, “hi & Fast 1l gn Gs.., 4 26a27; roosters, per 1b., 18; turkeys, Chl Great Wes| 3 ChiM &St P ,::‘,fé's': o ;’:Puowm 35a45; keats, voung, each a80. ChIM&St Pov s, ,» 29 Chi M & St P 45 1925 13 Live stock—Calves, choice, per 1b. ChiM&St Pevitis. ¢ 14; medium, per Ib., 13a13%; thin, per Chi M & St P 45 1934, 20 Ib, 6a9. Lambs, choice, per 1by 135 ChIM & St P n 130 live pigs, 3.00a8.00 each: live Rost; Chi& N W gyem 8- Green frults—Apples, per bbl., 175 Chi Ty oy 6% a7.00; Delicious, No. 1, per bbl, 6.00a CHB s, 7.60." California oranges, per erate o acyt 4s. .. 89 5.0026.00; Florida, 1.00a5.00, Lemons. Un Station 63s. 10 per box, 3.50a4.50. Grapefruit, €.003 4.00. Tangirines, 3.50a4. E":El{\filnnon 4188, V Ind con 4s.. 1 Vegetables—Potat CCC& St Lrf 6s A 1, 1.5042.00; per Bue :—"i\'e}‘.md'hrm 5%s 2 00, Bardet “olo & Southern 1521.50; n Cuba R R Gx.,,.?,fi. l. e, southern, 2.00a lettuce, per crate, 50a lettuce, per crat northern, 1.75a2.00 cabbage, per bbl. 2.2332.50 per basket. 5.00. Toma- Beans, 5.00 per per Florida, per 1.75a2.00. pinach, pe rrel, 2 0 Z per dozen, 1.00a1.35; ° California, per | 8.00: ornia grapes, per e . rate 3.00ai00, Drussel sprouts, 205.| The business, which has lent iise to development of individual owners GRAIN AND PROVISIONS. as well as to Erowth of corporat T R o 10 is rapidly becoming a great indus T RE den With the trend unmistakably tow White, 100 1b | consolidations which will {I‘]"(‘l"“"&“ an aj 5s. 6 | 150 1by sweets, bbl., 7522.00; | duction of overhead, bettes Central 5igs...... 4 101% cams, bbl, 1.00al nd cheaper ope Tuter Rap Transit 58. 15 69% yams, 2 3 e cabs will be manufactured Inter R Transit 7s. . . o . Beans, bushel, 2. than ever before. Int & Gr Nor aj 6s. . 8%l brocoli, bushe almost necessary ad Iowa Central ref 4s. o6 quart, 15 industry, for manufac Towa Central 15 o 00; munmamlv, Som v 2 roven entirci Am Smelt & R 1st5s. 6 91 Renawcy | Cither fo operators © Am Sugar Ref 6s. 103 Xansas Cits ? €7t | The Rteo Motor Con Am Tel & Tel cv 6s. 18 Mircae o onus.. & 8ol | plants, attempted to combit AmT& Teltrb - “]": *:'K Ity Term 4s 81% h. bushel, cabs and pieasure ve- AmT&Toltr s, . Lehigi Vai on ¢4 2003 & 0; lettuce Lo e o o Comiotiy Anaconda cvd T Lehigh Valley ¢ A1 1bs aceording automut Anaconda 1st 6s wi. . Louis & Nash i Anton Jergens cv 6s. . ~Na s 104% Armour & Co 4 > Atlantic Refining Gs. . Bell Tele Pa T . Bell Telo Pa os w ... Bethlehem Steel rf b3 | Beth'em Steel p m 5s. Beth'em Steel s f 6s. . Brier Hill St 15t 5 %8. Bkiyn Edison 78D. ... 8% 2% 1% 214 5% Nat! Lead pf...... Natl Ry of M 2d... Nevada Copper. New Or Tex & Mex N Y Air Brake. ... N Y Afr Brake (A) N.Y Central N Y Chi & St L. N Y Chi& StL2d. N Y N H & Hartfd. N YO & Western. . Norfolk & Western 110% North American. .. 1027 North Amerjcan pf Nprthern Paclific. . Nunnally Co. . Oklahoma Prod... Orpheum Circuit. . Orpheum Cir pf. . Otis Steel. . weee Owens Bottle..... Pacifi= Develop. .. Pacific Gas & E! Pacific Oil. . Packard Motor, Packard Motors pf. Pan-Amer Pete. .. Pan-Am Pete (B). Pennsylvania. .... Penn Seabd Steel. . People's Gas...... Peoria & Bastern. Pere Marquette. .. s Pere Marq pf. 68% | Philadelphia Co | Phillips Pete. .. Plerce-Arrow. Pierce-Arrow pi |Pierce Oil pt. ..... Piggly-Wiggly... Pitts Coal. .. i Pond Creek Coal. . Postum Cereal.... Pressed Steel Car. Producers & Ref. . Public Serv of N J. Public Service pf.. Pullmtan Co. ...... Punta Alegro..... Pure Oil Pure Oil 8% 3% 2 15% 8 29 9% 4% 9% §75 18% 1943 W% 110% 104 bonds of the purchase by Bethlehem g:!;‘-d; 581952 Steel of Midvale's assets. Originally | (phe 28 }ng» these bonds were secured by pledge | e, 3 Chile 831941........ of Cambrin Steel stock. Under theiChinese Govt Ry 56. new plan they will be assumed by |Christiania 8s. Hethlehem Steel Company. and guar-|Copenhagen 5%s. anteed by Bethlehem Steel Corpora-|Cubablzswi.. tion. Further they will have a lien|Czechoslovakia 8s.. on the real property of the Midvale.| Denmark 8s........ This improved position was promptly | Denmark 6s........ 11 recognized by the market today. Dutch East I'6s°47.. 81 Chile “oppers Active. Dutch East T 6s'62. . 27 Another bond to which jattention | Erench Govt8s..... 4 was called by the acquisition of a|FrenchGovt7%s... g mujority of Chile Copper stock by | Haitl 6sctfs. k3 the Anacohda company and the sub- |Japanese 1st 4 sequent financing was Chile Copper | Japanese 4s 6s. Upon the retirement on May 1 next of the Chile Copper 75 the s will become the first lien on the stock of the operating company and o rank seniof to Chile Copper stock, hich the Anaconda people pald some 7.000,000 to acquire. These 6 per cent bonds are callable at 110 and are convertible Intq Chile Copper stock at elling today a little over 97, théey commanded speculative as well as investment attention. 4 Rall HBonds Galning. Another feature of the day was the strength and activity in some of the speculative rails, notably the Erfe and issourf, Kansas and Texas issues. Erie bonds have been gradually gain- ing for some time. While the Erie earnings from railroad operation are a matter of record it is always un- certain to what extent the Eries in- come will be augmented by dividends from the coal properties until the an- nual report is made public. No im- provement was shown in the strictly first-grade investment issues. Liberties were unchanged to slightly lower. Forelgn Insues Hold Firm. Forelgn bonds generaily held around yesterday's levels. The Serbian 8s for the first time in days made a gain. French 7is and Ss held fairly firm. The 7 sold at the low of yesterday and then rallled. Traders reported that it was much casier to sell French honds at thest els than to buy them. DENVER & RIO GRANDE SALE IS PROTESTED Chairman of Bondholders’ Com- | Bklyn Edison gen Gs. Bush Tm Bldg b5 '60. mittee Scores Plan of Two | o 3 ‘entral Leather 55 2% Other Roads. i Cerro de Pasco §s. sult v con- i chan, of he main tendency, as it has been for 1d a half, again and French ny ser last month th sterling u ttention o, ments do . th. stock based inelined to puid to individual were nearly all considerations. Profit Taking ¥ Better Service, Lower Prices. The trend more ¢abs, b service, and a trific lower There Is scarcely a town today from Havre, Mont, to Brownsville, Tex which has not a fleet of cl up-to date taximeters in place of s “station hack,” which for the gole public vehicie. day has 13,100 tax the number has inc 17 per cent within the has about 4,200 and other cen supplied in proportion to thelr ition. : It was estimated by experts in v rious sections today that the pu pays approximately 22 cents a mile for transportation by taxi. This fiz ure is based necessarily on the tar iffs of the larger cities, whicii ar under strict regulations. " In some lo- | calities “all the trafic will bear still the rule. Becoming Great Indutrs. prices offerings neth susly | time ellime in wround tha nale 2.00a2.25; No. otatoes, NO Zarby, 2.00a2.50. 01% 104% 85% 5% Th expluined on i ber of people we X from the stock Lo det which are pra a armer at Lyons 6s. . Marseilles 6s. Mexico 4s. ... Montevideo 7 Netherlands s. . Norway 8s. Norway §s ct Prague 74s. .. Queensland 7s. Queensland 6s Rio de Jan 8 194 Rio de Jan 8 1 a0 Paulo, City, $s. Sao Paulo, State, 85. . Seine, Dept of, 75. ... - Serbs Crotes Slov 8s. Soissons 65 Sweden 6s....... Swiss Confed s 1 85 Tokio Ud Kingdom 51529, ] Ud Kingdom 53s'37. Urnguay 8s 1946, 371004 Zurich 8s..... 12% MISCELLANEOUS. Am Agri Chem 7%s.. 8 104 W num- switch | Atchison. nture tAtchison pf..... call JAtlanta Bir & Atl. Atlantic Cst Line. . Atlantic Fruit Co. Atlantic Guif. { Austin Nichol: hicag its A popu P Romaine Teelerg o Cabbage, LS nearby ‘ Del & Hud Ist & rf 45 Del & Hudson 530w Den & Rio G o Den& R G 1st rf Detroit United 414 <1 Erle Ist con 4s....... 13 Erle con ext 7s.....,. 1 Erie gen 4s. .. - Eric conv 4s A | Erie conv 4s D. Gr Trunk s dep Grand Trunk 7s onds the Marland nd to s, ut- . ed per box, Florida, .00 per basket. daily sross \ barrels, that for the first |Baldwin Loco..... v thers had been |Baldwin Loco pf jump to @ daily {Balto & Ohio. alto & Ohio pf. Barnesdall (B).... Bayuk Bros pf {Beechnut Packing | Beth Steel (B). Beth St17% (n) Beth Steal 8% pf. . Booth Fisherles. .. Bklyn Edison. .. Bklyn Rapid Tran. Bklyn Rap Tr ctfs Bkiyn Union Gas. . Brown Shoe. ...... Burns Bros (A)... Burns Bros (B) Butte Copper. . Butte & Superior. . 18% i mad 10614 | 101% 53 § 8214 Hudson & Tet s, 2 4 &% @ | —Potato: 1 company ana ER L & will these 0% 5% [ 40% 5% 6% a9 9% 10615 1291 % P Better. better they the b ¢ half de 1085 have 40% ving 125 w0 asts 100% 107 192 th icabs b junct to < expla jat within several w ¢ill be put on a §4 n s quarters, thought that it tefore June. Far quette are said to | Marqu cently sket, 50a65; cucumbers, ¢ dividend pany, which however production o hicles, has appointing, engin The bes great in made pu 1Caddo Ol ...uees California Peking. alifornia Petrol. Callahan Ziuc. ... Canadian Pacific. . Aing {Case @D pE...... _|Reading 1stpf.. {Central Leather. .. Remington Typr. . | s or th will not Pere M the rate of the common e 100 t9 100, peas, | Manhattan Ry en 4s. duest basken i Market St Ry cn 5s “erate, 3.00a7.00; tur- Mil EI Ry & L 1st 58, . p bus ; M & St Lref ext Apples, M & St L 1st ref 4s. MStP&SSM6k%s. MK & T 1st 4s. MK&Tprinss A MK&TéeC.. MK & T adj 5s. i ndnstry § shown by Mg by the Yel low Cab Comp 3 hicago, one o [the leaders, and pioneers in the field. hat yneern in the last year rried 18, 14 passengers, a 14, the year befors rode 6 X3 against 52,302,000 miles i Today the company has with 1,270 in 1921, and emplo; A drivers, as st 2,700 a year agc. compan clined tod: to give eipt it is certain thur at Central Leath pt Replogie Steel. .. o ectors of Columbia Gas and [Cent RRoENJ... tep Iron & Steel. . Mondiy. 2 on and at th me |Chesap'ke & Ohio. Reynolds Springs. “tme the earnings reporc for twelve |Ches & Ohio pfwi |Reynolds Tob (B). months ended December will be given |Chi & East Ill..... nlds Tob pf B it ] tement undoubtedly will |Chi & East 111 pf | Dutch. .. in the nature of iminarv an- |Chi Great W pf {Rutland Ry pf. wouncement of {ncome for but {Chi Mil & StP... St L & San Fran fnal figures will probably be | Chi Mil & St P pf.. StL & San Frpf.. ailable until Jater. @ Chi & Northwn.... St Louis Southwn. sourse, are expected 1o be Chi & Northwn pf. St Louis Sown pf.. The advance in Columbia Chi Pheumat Tool. § 8 Santa Cecilia Suga Electric stock Thursday ChiR1 & Pacific. . 2% |Seaboard Alr Line. was Nl LR ChiR1&P 7%pl.. Scaboard A L pt of TehRe o th Chi St P M & Om Secars Roebuck. ... sare o uuthe Seneca Copper.... SR * "Anv {Chino Copper 2 ghattuck-Arizona. i e 8 {Ciuett Peabody . hell Trad & Tran. \ther he looked for + the vear, [Cluett Peabody pf. v Coca-Cola... Shisd Dutan Review and Outlook. T Shell Union pf. plications brought about T e ;lnr:ur 0:1 French entry into the Ruh | 5 inclair pt.. never made at any time a serion Lol Sielly OR. .. ot vutside the for Sk i Sloss-Sheffield Comp Tabulator T R aut they wer ' Ga W .o &2 |Southern Pacific.. Cont Can.. 1 |Southern Ry pf... Cont Can wi.. a7:% | Spicer Mtg Co. ... Cont Can pf. 106% |Standard Milling. Continental Motors 124 [Standard Mill pf. . Corn Products. . 1245 (Stand Oil of Calif. Corn Products pf.. Stand OH of N J wi Cosden & Co. ... Steel & Tube pf... {05 Crucible Steel..... Sterling Prod.. Crpcible Steel p Stewart-Warner. . Cuban-Am Sugar.. ;:r(-‘m:;‘;nglrh_ O = Submarine Boat. Sweets Co of Am.. Tenn Copper. Texas Company. ». Texas Gulf Sulphur {Texas & Pacific. .. Texas & P C & Oll. Third Avenue. . Tide Water Oil. .. 19 Timken Bearing.. % a7 Tobacco Prod. ... 51 Tobacco Prod A. .. &2 Tol St L & West.. & Columbia Gas Wighe! Bbl. 2.0085.005 hasket, 40a50! | ¢ z 0> grape o quart, 40atd e halt strap, g ss Selling prices at 12:30. Mo Pacific 6s. . 1 1 red winter, spot. no Mo Pacificen 4s.. .. 5 | au s No. £ red winter, spot, Montreal Tram 15t 58 1) 343 : red winter, spot, 16 |total New Orieans Term 5 quotations; No. 2 red winter, gar-|the public p ore than $15,000,000 4 N O Tex & Mex inc 5 17 No. 3 red winter, gar- | within the ¥ ,Q:_c nt x;';.,z.-,, uotations; January, v.N--,vi Wheiies Conbiie Mikcusssl h ral de one. 2 NY Contiet -t ba Cob corn, new, 425 per bar-{ Although the N ¥ Cent L C clt 3125 tract, spot, 84i; per bushel; ! the great the Aterests New Haoet oo it or corn, =pot, . 4, no quota- | berts, the Erlanger hol New b cvdebGi.as k_corn. " 3 new {those controlied by New Hayat 1ot s Charles B, Dillingham, New Haven 7s francs. ¢ wharf at {Fis_and others N Y West & Bos 449 of No. 3| preliminary s Norfolk & West cn 4s. s ater owners. Northern Pacific 3s. . & i . s and actors indicat Northern Pacific 49, S plan might be arrived at to test North Pac ref im te. . 45 ality of such a consolid Northern Pacific s.. 24 Ore & Calif 1st 5s U4 147 in 6l%s BI% 364 8474 P L service moBaBRa L pre st not 2800 15 proposed merger interests of the PP ings Sely H hed independent the producers. playwright 1 today that sc R E onaiao by the 54 per bushel his might take the fo | applicat for a complyint the Federal ade Commission. s the method followed in the o export, spot no duota Receipts, 81 ton ter descriptions of timot there was a f fted receipt at a 21.00 per to Straw—No. 1 116.00; No. 1 oat, non 102% 9814 101% 1004 LN for the bet- nd light r lim- 06 to was called upor realiz ot inspired at ws, but simp] ilispe m of the owing ke profics ed rise. In the main, ed little effect, and n stocks that behind at the g It wa the bo ere w prices Ore-Wash 1st ref 4s. Paris-Lyons-Med 6s. Pennsy! Pennsyl gen 4345, . Pennsylvania 6. . Pennsyivania gold con 4 -1 an; the' cu culative foreign 1 iy 8% 9314 1004 Buhy 5% 834 108% 100 5074 116% 15 9615 107% tangled wheat, 11.0 .00215.00. 15.0 !War on Textile Unions Is Planned in South pecial Dispateh to Th ATLANTA, jern textile | paring to gainst an workers of nal, 1 TODAY'S CHICAGO PRICES, CHICAGO, nuary [vorable political mews from a together with firmness Liverpool quotations gave the wheat market steady undertone here today during the early dealings. Strength in the {cotton and stock markets also had some effect, as did Washington re ports’which’ expressed belief t first of the farm credits bill receive a favorable vote tod: ing, however, was of a local chatacter at the start and the market soon ran linto selling orders, h houses with eastern o ections in the lead. The opening, which varied from unchanged figures to ¢ higher, with May, 1.187, to 1.19, and July, 1131 to 1.134;, was jfollowed by a siight setback, then | mode: e raliy on all deliveries. Corn and oats were dull, with a light trade. After starting ls to igaiy off, with May, the corn market underwent a s Southern Ry dev 6%s 26 1915 | decline and later recove Third Ave ref 4s. | Oats_started unchanged to ‘Third Ave adj 5s. < , and later suffered a slight Union Pacific 1st 4s. general sag. Un Pacific 1st ref 4s. Higher quotations Union Pacific cv 6s.. lift to provisions. Virginia Ry 1t 5s. WHEAT- Wabash 1t 5s. Western Maryland 4s Western Pacific 58 Wheel & L Wisconsin Ct gen 4s. 4 TOTAL SALES (Par Value): 1lam... 3006000 12 noon 1pm... 7462000 2pm.... 582200 —_— WALL STREET NOTES. Sugar Refineries Announce Price Cut—Ex-Dividend Stocks. Special Dispatch to The Star. W YORK, January 19.:—The big sugar refineries today announced price reductions of 10 points on refined and hard sugar. The majority of the reductions were to 6.80 for hard grades and 6.70 for softs, ix-dividend today—Atlas Powder Shoe preferred, Burns lagged ik were hid up important das in \ut the main point t should have been su ined as well 18 they were in fac large out- mt of new security offerings Pools Largely in Control. operations on the again originated ith speculative The outside publie factor. but still this p had lezitimate abundance of credit suppliec nd second in the inereasingly favor- le advice from trade nter: i at in the out pre textils ize_th. RIArkd L 41gs. StL IM SULTM& StL&s StL&SFprin s, StL&SFinc6s... are gorous move the America to unio: cottan mills of this section. The declared today they attributed th. enormous expansion of th r in the south in the last ¥ absence of unionism. Manufacturer: ia_conditions for an attempt by the textile worl 'S Were more unpro pitious toda than they were twa vears ago, when a campaign by “ths union failed. Cotton men of this section still helif ay that prices for ths expected v advance, with benefits to | every line of s in the south. | Warm weather in the last two weeks { has increased danger f the | weevil menace to° the 1 crop i8,100 More Workers Given Positions in Detroit Special Dispateh to The Star. DETROIT, Mich., January Mounting employment figures and a threatened tie-up of freight-carryi ! facilities are the outstanding fe. tures of the business and industrial | situation here today, The employ- i ment report this weck shows 3 in+ { crease of 8,100 workers, to w total of 1,000, This is 10,000 higher than ag any time in 1922 and within a few thousand of the top figure establish: ed for a few weeks in May, 14 Railroad officials declared t the amount of incoming mu !'ul]j for manufacture is 200 to 400 per cenfl { greater than at this time a year ago’ and faeilities for moving it are taxesd To capacity, with an embargo in pros i pect if unicading of cars is not speed ed up by consignecs. Further Building Boom Expected in San Francisco 1al Dispateh to The Star. FRANCISCO, 5 “on i tr Tiere pred today that b building operations in 1923 would be even greater than last year. although operations in 1922 aimest doubled those of 1921 and were greater tha for any vear except 1906, gfter th big fire. ‘here i$ a shortage of bot! office buildings and homes. In 192 271 worth of buildings of re erected in this city (Copyright, 1823) PR WOOL PRICES HIGHER. Steady Improvement Made in Mar- “ ket Since First of Year. BOSTON, Janwary 19.<The Coi+ mercial Bulletin tomorrow will say: The strength of the wool market has been growingz steadily since the fi of the year, and prices have shown further strengthening tendency thiis week, which while not pronounced and Davidson Chem. .. Deere Co pf.. Del & Hudson Del Lack & Wstn. Dome Llines... Dupont (D). Eastman Kodak. Electric Stor Bat.. Endicott-Johnson. | Endicott-John pf.. iErie... Erie 18t pf. . . Exchange Buffet.. Famous Players. .. Fed Mines & S pf.. Fifth Ave Bus wi.. Fisher Body Fisk RUbbeEr. ... . Fisher Bof O pi... Freeport Texas. Gen Am Tank pf.. Gen Asphalt Gen Cigar.. Gen Cigar deb Gen Electric Gen Elec spl w 1. stock =S snpe ch nnd ror wlation ne FpringscC. 11 StLS W ist 4s B Seaboard A L 4 Seaboard A Liref 45. . 15 Scaboard A L adj is. . 86 Seaboard A L con 6s. 57 Sou Pacificev 4s. ... & Sou Pacific ref 4s. Sou Pacific cit 4: Southern Ry 1st Scuthern Ry gen end they wgain last summer be- | yond the limit warranted by the facts | of .the situation, In the towever, the individual ady have been oceurring duri six weeks all have some logical basis n what is known about the husiness conditior outlook for new of- s, or prospect for increased dividends in their particular compa- v Uuion Pacific..... Union Pacific pf. Union Tank % Union Tank Cr pf. United Alloy Steel United Fruit. United Ry Inv.... United Ry Inv pf.. United Retall Stra U S Cast Ir Pipe. .. U S Food Prod U S Indus Alcohol. U S Realty. U S Rubber.... U S Rubber 1st pf. USSteel...ouvens U S Steel pf.... Utah Copper. ... Vanadium Corp. . van Raalte. ... Va-Car Chemical. Va-Car Chem'l pf. Vivadou. ... Wabash....... Wabash pf (A)... Wabash pf (B). .. Wells-Fargo Exp. 2% Western Elec pf.. 118% Western Md...... 11 Western Md 2d... 23 ‘Western Pacific... 16% Western Union. .. 110% Westhse Air Brke. 108 Westhse Eles & M Wheeling & L E. . Wheeling & LE pf White Eagle Oil. . ‘White Motor. White Oil. Wickwire. Willys-Overld. ... Willys-Overld pf. Wisconsin Cent'l. Woolworth. .. ‘Worthington. . g5 | Sk & the the in Ene for hogs gave a 100% | 8% 8% 95 100 105% 103% 107 9T ns 58 107% 108% 1% 0% o2 1064 110 75 100 108 1% Low. Cose. 1185 113 Southern Ralls Strong. he sudden return of interest in the shares w nicf feature |Gen Motors. ... Lute rket. Dis- |Gen Mot 6% deb. 1ssion_of of busi- {Gen Mot 7% deb. and in _the |Gimbel Bros. Nom, e the priaciiat aaadon. he upward movement in the South- ‘-i"““f“’;““’ arn railway stocks. in St. Louis S Goorich. . western and in the shares of Goodrich pf. . Granby Consol. outhern carriers e Great Northern pf. Great Nor Ore..... BOND EXCHANGE URGED. |Greene-Cananea Guantanamo Su. . Bethlehem Steel to Guarantee Mid- Gulf Mo & Nor.... Gulf Mo & Nor pf.. vale Steel Issues. YORK, January Guif States Steel... wistanding $40,901 Hartman Corp. Homestake. ... cont convertible honds of the Midvale Steel and Ordnahce Company have expansion ing the high south, eptember ... . TOR-—Nominul LARD- January May RIRS January May . that EmBrveraczBEg 2 DAIRY PRODUCTS. BALTIMORE, January 19 (Special). poultry, Tom: | —Live 40: old breasts, 25; and leghorn small and leghc ers, 14a c ; ¢ pigeons, pair, 0a3! poor NEW young '€ the Houston Oil Hudson Mators Hupp Motor: invited o exchange their bon hew ones which will constitute u |Illinots Central. direct mortgage lien on all the prop- | Inspiration. .. rly of the Cambria Steel Company,ilnterborough.. « subsidiary of the Midvale company. | Int Cement. ...« In addition, the bonds offered in ex- | 1n¢ Combustion B change will be assumed by the Beth-|n¢ Harvester. . chem Steel Company and guaranteed i o Mer Marine. ... by the Bethlehem Steel (‘urpur;\tionl‘ t Mer Marine pf. which has arranged to absorh the {108 NEE O Midvale company. The new bonds|Int N1 R will be convertible into Bethlehem | Intl Paper. ommon stock t the rate of $500 par | Invincible O value of stock for each §1,000 bond. Iron Products. LEAF TOBACCO MARKET. 1sland Oil BALTIMC January 19.—For the Jewel Tea. )ts were 70 hogsheads, Jones Tea. .. Jones & L'ghlin pt 107% S ons of hogshead. 315 hogsheads. Kansas & Gulf Co, 2% Kansas City Sou.. 19 KnnnuCSol\; pg.. ‘l: r 100 pounds—Inferior and | Kayser (Julius 001,00 sound - common, | Kelly-Spring Tire. & 9.00417.00; | Kelsey Wheel. ... 109 fine red, | Kennecott . %% seconds, | Keystone Tire.... 9 0; Kresge (S8) 189% bay upper ground pound—Turkeys, poorly dressed and sed pou’ 815 preferred, Brown S old toms, 30 Brothers preferred, Cluett Peabody o vourig chicken old_and mon, Durbum Hosiery preferse” ™ | Mixad, 545 30; 24a28; Picific Bank today dectared an ex- small siips, 30a32. tra 2 per cent dividend in addition ta oIt native &40 kae by, the regular quarterly dividend, 28: southern, 26. ew ~ York bank clearings, ~$710,- amery, fancy, pound, 5 000,000; New York bank - balapecs AEATh Oremtneny; E/RR1; £50,000,000: New York federal reserve | el o L bank credits. $69,000,000, and Boston dairy’ prints, 34a35; bank clearings, $69,000,000, — butter, 42a43. The complete ' statement of American . Telephone Company for the year ended o ber 31,4922, will show earainge won: staiitially above dividend requires ments, according to, g. statement ju- sued 'to the stockhlders by H. D Thayer, president of thé company. — CLOTH PRICES FIRM. NBW YORK, January ‘19 (Special). | —The strength shown at the k:’))elli‘fl{(’ by the raw coton was a factor I the v,m_dlng in cotton cloths today and prices’ were firm with a slight upe ward tendency noticeable. The raw silk market wis very in response to reports of aétivity in trading at Yokohama. Prices in this market, process CHICAGO LIVE STOCK MARKET. CHICAGO, January 19 (United States Department of Agriculture).— ogs—Receipts, 24,000 head; market 8% "5 Tigher: lighter welght strong; bulk 140 to 180 pound aver- ages, ¥.65u8.75; top, £.80: bulk 200 to 225 pound butehe a%5a8.60; bulk 210 to 300 pound butchers as.30; packing sows mostly 7.00a7.40; desir- Rble Digs. 8.00a8.60: heavy-weight hogs, R "" “’\Cd‘lufll. 8.2528.60 L S, 2 oot to: | mot dppiied to gl grades equally ha: i b i SO i ] been evident. ~Neverth , the de packing sows, yough, 7.00a7.30; kill- | [T, Cocma to have favored the finer I e eceipts, 4,500 head; slow,|and the coarser wools, with only mod- uneven: beef steers and butcher she | erate trading in madium crirdes. Man- ek steady to weaks Killlng quality | ufacturers evidently have heen antici- however, showed no change from |plain; bulk beef steers, $.00a9.00; can- | Pating thelr heavy welght season re- Thursday's levels. Rers and cutters about steady: veal | quirements. The goods market is firny % TS A d bulls weak to 25 iower; | and healthy, but waiting the American rv beet bulls showing most de. | woolen openings on Monday. KER FATALLY HURT. |&ine cline: stockers and feeders about CHICAGO, January 19.—Howard B, |steady; bulk veal calves to packers.| JMORE GOLD REACHES U. S. Jackson, sixiy-two years old, senior |10.00a10.50; best kind upward to §1,00;} 70" : 4 Toamber of Jackeon Brothery £°00F | shippers hand-picking upward t012.00 NEW YORK, January 19.—Gold grain brokers, and former vice presi- | and above. ~ valued at $2,600,000 arrived yesterday | Gent of the United States Grain Cors| Sheep—Receipts, 11.000 head; open-|on the Samaria, consigned to J. T. poration, was injured fatally eatly |Ing sloys few sales; fat lambs steady: | Morgan & Co. at whose offices it was Today when struck by an auntomobile | early top, 14.75 to packers; many held | said that undoubtedly the shipment as he aftempted to éross a street. Po- | higher; clipped lambs, 12.75a%2.90; | was for the account of the Britisa Abresied Carl Kaummas in cone | feeders firm:. sheep scarce uround | govornment,although no advices had, on with his deati, 50c N Massachusetts G the and Telegraph .\dan. 18 a, ‘Jan. 18 , 1%% Pn?:lflc*l’:m-u'm o, 1%% D ... Pyrene Mtg. Co., 4. 2%%. .. Jan, 19 Richmond, Fredericksburg & Pot. R. R. Co., 10% stk.Feb. 15 Stern Bros., Q. 2% Df.......Feb. 15 Htern_Bros., 4, 2% Di......May 15 St. Louls National Stock- Jards, ext, 4%...........Jan. 26 Savanoah Sugar Refining Cor- =S poration, g, 1%% pf......Jan. & EX-DIVIDEND TABLE. i Jannary 22— Tnternational Harvester, q..... Juwuary 280 Sroduc Refiners pld, q. 24— aill vers Mfg., . anuars ‘Endicott-Johnson, Stock ... g Acchison. g Standard OIl of Ohlo pfd, a. Januazy 30 Toledo, St. Louis & Western . Toledo, St. Louls & Western pid. January 81— ~ American Can, ... American Smelters ! Ameriean Nmelters ptd, Pastman Kodak. extrs ... Wexicrn, adi®vid, rodacts Ap Gieri 25 48.00; imedium 28.00a50.00; fane; rommon 10 medium, mds, good to fine, obaceo, fire-cured, 15.00a55.00 ountry, air-cured, nominal; eaves. new, 2.00a20.00, N. B.—Unsound and badly ‘mixed ackages from 1 to 3 cents lower. Stock in _warehouSes — Maryland, 3,254; Ohio, 3.067; total, 11,321. EXCHANGE SEAT, $100,000. NEW YORK, January 19.—The New York Stock Exchange seat of I. Rich- mond Hoxie has been posted for rransfer to John S. Larsen for $100,- 200; that of Sidney T. S, Willlamson fo Harry C. Hazlett for $99,000, and that of William T. Floyd to Francis 3. Thorne for $99,000. The last pre. vlous sale was af $98,000. The last reylous sale at $100.000 ¥ place st June Lee Tire & Rubber 28% Lehigh Valley..... 6% Liggert & Myers pf 116% Lima Locomotive. . 60% Loews Inc Loft Inc. . Loose-Wile: Lorillard (P) Louis & Nashville. 182 Mack Truck. .. 6Tl Mack Truck 1st... 84 . Mackay Cos pf.... 69 Macy Co.. . 6% Mallison & Co..... 87% ‘Manhat Elec Sup.. 54 Manhattan Bl ctfs. 37 Market St prior... 67 Market St Ry 2d Market St Ry pf. Narland Ofl. .. 75 The dollar was quoted at 15 —_— HEAD COMMERCE CHAMBER. LONDON, January 19.—Francis E. Powell, managing direotor of the Anglo-American Oil Company, has been elected president of the Amer- ican Chamber of Commerce in Lon- don, to succeed George M. Cassatt, ——i LONDON, January 19.—Bar_silver, 31% pence per ounce. Money, 1% per 7l | cent. ~ Discount rates—Short bills, & per cent; three-month bills, 234a23-1 per cent. NEW YORK, January 19.—Forelzn bay silver, 65%: Mexican dollars, 49%. SoHax --$0.50 - 150 L 1T - 100 209% <. $L.50 L1 4.00 400 125 i 100" 5% o F | Chile Copper 6s. . . . .. (e Aiocinted Press. i | Chile Copper 7s _NEW YORK, January -Richard | GompoTanoRtee 68 61 Sutro, chairman of the protective | GonCost Na ot oe. {committee for Denver and Riol GO} S04 HE T8t he Grande refunding and adjustment | SUD Cane S cvd 8s. bondholders, has {ssued a statement | Det Edison ref6s ... protesting against the disposition of | DU Pont de Nem 7%s the company’s property, reported to|Duquesne Light 71es. be under ‘consideration by the di-|Duquesne Light6s... rectors of the Missouri Pacific_and | East Cuba Sug 7%s.. Western Pacific railroad. Mr. Sutro | Empire E& G 7%s... sald in part: Fisk Rubber 8s. ...... 21 “Proposed plaus of the Missouri Pa- | Framerican 1D 7148, cific and Western Pacific, as outlined | Gen Electric deb 65, to me, will, if carried out, make the | Gen Flectric deb 3e. Denver ystem again the pawn of | o o A6 intarents, xod, m my opinton, wiik e L seriously jeopardize the interests of | G00drich (BF) 6lgs. refunding and adjustment bondhold- { Goodyear Tire 8s'31¢ brs. In fact, they might eventually | Goodyear Tire §s°41. be wiped out. Holl “The Denver system as an inde-|Holland-Amers f €s. pendent property is able to stand on|HumbleOIl& RS its own legs. Entire equity in_the|Indiana Steel5s..... system belongs to the bondholders. { Inter Mer Marine 6s. As results of receivership brought|Inter Paper st 5s A about by efforts of our committee,] Inter Paper 1st 5s B Denver is being put in proper condi- | Kelly-Springficld Ss. . tion to perform its full duty to the|Lackawanna S 5s'23. public and the state of Colorado. Lackawanna St 5s 50 “Under the circumstances, bond- Liggett & Myers Ts. holders should certainly not permit | {EEE o0 either excess earning or equity to[LOPIATETS - ..o be turned over to forelgn interests. lanati Sugar s ¢ 74 No_action yet has been taken by | Mexican Petrol 8s. the Missouri Pacific and Western Pa- | Mich State Tel 1st 5s. cific directors Midvale Steel 5. A i Montana Power is New England Te! TODAY’S COTTON PRICES. |~ ¥ 5aicon 15t 5 INYGELH&P { New York Tel 65 5 5 | Profit Taking for Week End Keeps | New York Tel 4% North Am Edison 6s. Tol StL & W pf... 4% Trading Active. North States Pow os. Trans Contl Oil.... iy NEW YORK, January 18.—A dispo- | Northwst Bell Tel 7s. Twin City R Tran. [=H sition to take profits for over the, Otis Steel $s.. = week end seemed to be increased hy'ncmc Gas & 21 55. . 18 reports of unsettled weather in ! Pac Tel & Tel 5852, . % northeast Texas, with rain at Sulphur | Packard Motor 5. & Springs and a better outlook fOr &, pnila Coref6sA. ... nz breaking of the drought. These re- Producers & Ref 8s. . 31 ports were particulariy reflected by | prOgUeets ¢ Bet it 6% the course of October _contracts, | produccrs & HESS W it which sold off to 2635, or 15 polnts . net lower, while May worke =24 points lower to 28.17. Except for 8‘““"’(,01“)7":- 0% realizing, very little pressure was in | SinCrude Ol 5is. .. % evidence, however, and the undertone { Sinclair Pipe Line 5s. ‘ of the market was steady at noon,(Southern Bell Tel is 6% when trading was _comparatively | Sou Por Rico Sug 7s.. 2% qulet and prices showed rallies of |Stand Oll of Calif 7s.. 60 4l points from the lowest. Tobacco Prod s £ 7s.. 102 11:45 am. bids: Januar. Toledo Edison 15t 75 107 1064 March, 2 28.22; Union Bag & P 6s... 97% 1224 October, 26.33._Stéady. United Drug cv Ss. 13 % NEW ORLEA: U S Rubber 1st 1f 58 &% 6% ton opened steady. January, U 8 Rubber 7%s. 7% [ March, 27.60; May, 27.68; July USSteel s£58...... 103% 24%% October, 26.12, = Utah Power & Lt 5s. 1% [ 12 noon _bide: January, Va-Car Chemical 7s I % asked; March, 27.64; May, 27.6 Va-Car Chem 7%s W. =% 85 27.61; October, 25.95. ' Steady. Warner Sugar 7s. ... 1 105% % Western Union §%s.. 4 1m0 e LIVERPOOL, January 19.—Weekly | wickaire Snenu‘:‘h. 5 9% 2% o e e Taoryardsd to | wilson & Colst 6s... 4 109 mills, 59, ; 38, mefican. e 1% Stock, 843,000; American, 474,000, Im- | W Inchester Ams Ts 3 10 103 o ports, 43.000; American, 18,600. " ¥x- , 6,1 merican, 2, B e 1% S INCREASE IN SAVINGS mo 0e% 0 18 108 DIVIDENDS. $1,500,000,000 IN 1922 5::: 5:2 Stock of NEW YORK, January 19,—Prelimi- | 16% 16% Corden & Co., Q,,1%%, pr,.mzb"."; nary figures by the Savings Bank Di- 25% 258 Gitles Servies G, mth, 346% Fob. 15 vision of the American Bankers' As- DT Oitles Seevice s sociation Indicate an increase of ap- Cities- Service Co., %% pf..Feb. 15 t 8% 8% Citles Service Co., 3% pf B.Feb. 15 proximately $1,500,000,000 in savings a Gray & Davis Co., d. $2 pe..Jan. 24 deposits during 1922. In contrast with ™% T Harris Bros., q, 1%% pf....Jan. 11 savings deposits on June 30, 1921, of i 4% Houston Ofl ‘Co., =-a,3% pt. Jan. 10 $16,618.595.000, the amount for the cor- Hamphreys Oll Co., 4, 8%..Feb. 28 responding date in 1922 was $18,08 28% 28 286 |1t Bros., s-a, 5%..........Jan. 20 493,000. The number of savings Ll A TR e e L counta was about 28,955,526 on June 30, S e ) Focks i 1922, ‘against 28,63%631 for ‘the ‘pre. Low. Last. ... Jan. 19 vious vear. School savings systems Call Money. ...« m:-. R reported deposits of $5,500,000 during the last school year, a gain of 40 HOURLY SALES OF STOCKS. per cent over 1921, and 100 per cent 1lam.....209600 12M.:. 448200 SoAE T e e i . Zpm... t was also s nat life insur- i __._—mm S A ance, not including beneficial socie. ‘1] ties or the gnvernnm;n bureau, now 'ARI URSE UNSTEAD' carried on American lives totals more DARTS B9 5 Y. 1) than $50,000,000,000. Premiums on PARIS, January 19.—Prices moved 1{new business amounted to $225,980,000, irregularly on the bourse today. Three While total premiums, including pay- per cent rentes, 58 francs 75 centimes; ments on annuities during the vear, exchange on London, 63 fraucs 85 cen- amounted to more than $1,600,000,000. Hiens 8 as ol Man, I6: frauce The amount of new insurance pur- Seutige. chased during the year was $9,300,- franc 000,000, a gain of $600,000,000, or 7 ) per-cent over 1921. BANK DEPOSITS GROW. - BOSTON, January 19 (Special).—The Boston savings banks now have de- posits aggregating over’ $405,750,000, Compared with a total of $401,317,237 in January, 1922. PHONE RATES REDUCED. LAWRENCE, Kau.,, January 19 (Spe- cial).—Kansas Telephone Company has just_ snnounced & reduction in the rate vesidence telephones amounting 1o sergurggergfig=gasaul- to.