Evening Star Newspaper, January 24, 1923, Page 22

2 = " TALSEOHEHER * INSTOCK NARKET Valag Industrials Allowed to Lag; Behind in Today’s Very Irregular Trading. = BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January —The stock market today developed traits which it has not exhibited for a long time past. 1t favored the rallway shares at the expense of the Indus- irials. The ordinary reading of this change of procedure would be that rallway stocks were being taken up In order to help the pools and other Il’rgel speculative interests to unload their holdings of industrials. It is doubt- ful whether this was the case in the present instance, but at all events railway shares have suddenly come into favor, while the industrials have been suffered to lag behind. The main reason, as pointed out on Tuesday, was that with the adjourn- ment of Congress scarcely more than a month off. and little likelihood of an extra session, Wall stréeet sees the stage being set for a better market in the ralls. At the same time car loadings continue to break all records and this means that gross revenues will be at a maximum, lllholln‘hl the roads will for months to come tave exceptionally large operating expenses. Weak Spots Outsxide Rails. There were no special features up to midafternoon in_the railway share movement today, These stocks, most of them, moved forward about equal- the most prominent being South- Pacific above $0, Baltimore and ©Ohio above 44, Southern railway win crossing 30, and St. Louls South- in which it was suddenly | ed that on the basis of com- parative earnings it was not selling in line with outhern railway. With the exception of the sugars, v were decidedly strong, the in- trial list moved very \mevenly.‘ 4 there were quite a number of Ak spot “alifornia oils were heavily scld on better appreciation of what the recent reduction in crude ofl prices in that section will mean for the earnings of those companies. 014 line leaders in the steel. motor and equipment groups, for the greater part of the time, did little up to late afternoon. Exchange Is Slightly Lower. Outside of the stock exchange in which there were some interesting fluctuations and the bond market where several important Individual changes occurred, the financlal situa- 1 today presented little that was The foreign exchanges went slight! lower, foreign government bonds con- A4 heavy. although they did net 1k through thelr law s, the excitement of the two previcus days in the cotton market quieted Gown and the changes in tli: grain market were of small importance. In 8o far as these movements threw any light upon sentiment regarding the Ruhr situation, the last twenty- four hours had brought no difference in the outlook. It was just as much a question as it had been the pre- ceding day, whether the German coal strike would be a strike and cause a recesslon in the French attitude which the German government in- dustrial leaders are trying to bring abeut. London Market Steady. The London security market was steady with the exception of French zovernment issues. In England the position is different from ours be- cause there is the unemployment problem and because industry has not developed to the extent it has over here. Nevertheless the stréngth shown on the London stock exchange all through the Ruhr crisis. taken along with the action of ulerllni, has demonstrated that the English finan- cial mind has been working like ours and has arrived at the conclusion that whether or not events across the Tithine are golng to lead to serious consequences, they will not have any lasting unfavorable effect upon the finances of Great Britain and the Uaited States. The heavy selling of the oil shares which unsettled the afternoon stock market showed that recent specula: tions in this quarter had been con- siderably overdone, It was particu- larly true of the stocks of comparics doing business in the California te ritority, where there has been an over- supply of and in consequence prices of crude have lately been ~ut. Whole List Weak at Close, i shares continued to lead the ! rket down during the final hour. Professional operators concentrated : their efforts against these stocke with the idea that their weakpess would unsettle the entire list. n this ex- peetation that they were not disap- pointed. Prices vielded all along the line, al- though the ralls held better than the industrials. General Asphalt was a weak feature and the street again said that Tuesday's declaration of the preferred dividend would be the last in some time. Mercantile Marine preferred was also conspicuously weak, for no new reason, however. It has been openly admitted by heads of the shipping| trade that the outlook for their in- oil -FINANCIAL." Adams Express. Afr Reduction Adax Rubber... jAlaska Gold. ka Juneau. Allled Chemical... Am Agr Chemical. 304 Am Beet Sugar Am Can pf.... Am Car & Fdy Am Cotton Ol tional. 25% Am La France Am Linseed. Am Metals. . Am Roll Mill pf w 1. 100 Am Safety Rasor.. 7% Am Ship & Com... 3% Am Smelting Am Smeiting pf. Am Snuft. . Am Steel Fdy. Am Sugar... Am Su D Am Tel & Teleg. Am Tobacco Am W Wks 6% pf. Am W Wks 7% pf.. 91% Am Woolen....... %% Am Writing Pr pt. 264 «a Associated Ol Atchison. .. Atlantic Gulf..... 3% Atlantic Ref . 1504 Atlantic Refin pf.. 120 Barnesdall (A) . Beechnut Packing 62 Beth Steel (B).... 6% Beth St1 7% (n). Beth Steel 8% pf. Booth Fisheriel Bkiyn Edison. . ... 109% Bklyn Rapid Tran. 1% Bklyn Rap Trotts 9% Bklyn Union Gas. . 111 Brown Shoe....... 6% Burns Bros (A)... 4.5 Butte Copper. . Y Butte & Superior.. 2% Butterjck...coeeee Caddo Oil Callfornta California Petrol. 5} ‘alifornia Pete pt. 8ok allahan Zinc. ... % Canadian Pacitic.. 16 Case (JI) Pf...... Central Leather... 3¢ Central Leath pf.. 71 Cent RROf NJ. Cerro de Pasco Chandler Motor. Chesap’ke & Ohlo. Chi & East 111, by Great W pt Chi Mil & St P. Chi Mil & St P p! Chi & Northwn Chi & Northwn pf. 116% <hi Pheumat Tool. Chi R 1 & Pacific Chi R1& P 6% pf.. ChiR1& P 7% pf.. Chi St P M & Om Chile Coppe: Chino Capper Cluett Peabody. Coca-Cola. Columbia Gas Columb’a Graph. Cons Cigar. Cons Gas of Consol Gas new. Cons Textile. Cont Can. Cont Can w i. Cont Insurance. Conunenisi aloiors Corn Product: Cosden & Co. Cosden pf. Crucible Steel. Cuban-Am Sugar. Cuban Am Sug pf. W% Cuba Cane sugar.. 12% Cuba Cane Spl.... ¥ Davidson Cnem... 81 De Beers. ... 23% Del & Hudson. ... 116 Del Lack & Wstn. 14% Dome Mines. 40% Dupont (B 1) Dupont ded Eastman Ko Electric Btor Bat.. 6i% Endicott-Johnson. 9l'a krie. £rie 18t pf. Erie 2d pf Famous Play Famous Players pf sbls, KFed Mines & S pI.. 4% Fidelity Fire Insur. 116 Fifth Ave Buswi.. 8% Fisher Body... 169 Fisher Body pf.... 116% Fisher Bof O pf... 167 Fisk Rubber. 5 Freeport Texas. .. Gen Asphalt. Gen Asphalt pf. Gen Cigar. (Gen Cigar Gen Cigar deb. Gen Electrio. Gen Elec spl w 1. Gen Motors. Mot 6% deb. Gen Mot 7% deb. |Gimbel Bros dustry is not good. {Griaden. ... (Coprright, 1923.) Goldwin Corp Goodrich. ... .. Granby Consol. WALL STREET NOTES. 1GreatKorcers of. Coco Cola Sales Increase—Stocks Ex-Dividend. teh to The Star. ‘ NEW YORK. January 24—An in-| rease of 200,000 to 750.000 gallons ¢ syrup were sold by the Coco Cola .Company so far this month as com- pared with January, 1922, Total sales for 1922 were 15.500,000 gallons, ac- cording to the executive committee. | Since the new intsrnational® corpora- tion owns a majority of Coca Cola ommon, it will now take only 12 01 shares to control the Cota C Company. The International Corpo: ration has 251,000 shares outstanding. Allis Chalmers common and Gray & Davis, Inc., preferred, today sold ex- dividend. Regular quarterly dividends today: Pacific Gas and Electric preferred, Van Raalte Company. New York bank clearings, $76,000.- 000; New York bank balances, §69,000.- 000 New York Federal Reserve Bank credits, $59,000.000; Boston bank clear- ings, $61,000,000. g CLOTH PRICES STIFFEN. Further Advance in Cotton Care- fully Noted by Trade. Special Dispatch to The Star. | NEW YORK, January 24.—The ad- vance of cotton shortly after the opening to the 29 cent level had a stiffening effect on the market for cotton cloths today but did not lead 1o volume in trading. Mills were ex- tremely firm in their ideas regarding standard print cloths and dealings at second hands practically disappeared. Sheetings wers very firm, with some holders disinclined to listen to bids at present prices. Drills, twil “ens and fine goods were all strong. The raw silk market was very quict here and dullness prevailed in Yoko- hama with no changes in quotations there . Prices locally were nominally unchanged at the same figures which have prevailed earlier this week, but it was possible to do five cents a pound better in some grades subject tu counter offers. —_— Argentina is the principal foreign market for pime-grown in the south~ arn_states, the exports amounting to 80,000,000 Leok in. Zha last JART Bpecial D l!hrlcnfl oil.. Great Nor Ore. Greene-Canene: Gulf States Steel Hartman Corp. {Homestake. Houston O11 Hudsou Mators Hupp Motor: Hydraulic St Illino!s Central Illinois Central p! Indian Refining. .. Inspiration. . Interboro Rap Tr intl Agri Chemical Int Cement. Int Combus Int Harvester. Int Mer Marin 1nt Mer Marine pf. Int Nickel. Intl Paper. Intl Paper (sta)... Invincible Oil..... iron Products. Jewel T Jonea Tea. Jones & L'ghlin pt 107% Kansas City Sou. Kansas C Sou pf. Klnlui&"G“ !;70. 2 Kayser (Julius; Kayser (J) pf.... 101% Kelly-Spring Tire. 5% Kelsey Wheel..... 108 Kennecott. Keystone Tir: Kresge (88). Laclede Gas Lake Krie & W p! Lee Tire & Rubber 28% Lehigh Valley..... Lima Locomotiv Loews Inc.. Loose-Wiles. jLorillard (P) Louls & Nashv! Mack Truck. Mackay Cos pf. Macy Co. . Macy Copf........ 112% Magma Copper. 2 Mallison & Co..... 8% Mallinson & Co pf. 90 Manati Sugar. i Manhattan Elev... 464k Manhattan El ctfs. 364 |Manhattan Shirt.. 45 Market St Ry.. 8% Market St prior... 67 e 3 $ogezasereiags Ffreggpent.gipte; . Close. 533z BEzggyes §3§82§88§! % 59 % % 1% = 0% % 1% 16% 1% 1% 120% 51 100 7% 14 % 98% {Otis Elevator. -;.l‘HE EVENING STAR, “WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Mathison Alkill, Maxwell (A). Maxwell (B). May Dept Stores. McIntyre Porcu. Met Edison pf.... Mexican Seaboard. Miami Copper. Middle States Off Mo Kan & Tex pt. Mo Pacifie. . Mo Pacific pf. . Montana Power. Montgomery War Moon Motors. ... Mother Lode Citn. Mullins Body. Nash Motors. . Nash Motors pf. Natl Acme. . n% Natl Blacuit wi.... &% Natl Enameling,.. 6% Natl Ry of M 2d. 21 Nevada Copner... 1% New Or Tex & Mex 87 N Y Central.. o NYChI&StL.... 73 N YNH & Harttd. 18% N Y O& Western.. 20% Niagara Falls P pf 109 Norfolk & Western 111 North American. .. 103 North American pf &% Northern Pacific.. 7 Nova Scotia Steel. 27l Ohlo Fuel Sup. . 6 Oklahoma Prod. 2% Orpheum Circult, 19% s < 104% 84 a7 “h L] I 18% “ 8% 0% % 3% % [0 Otis Elev pf. Otis Steel. Otis Steel pf. Owens Bottle, Pacific Gas & K Pacific Oi1.. Packard Motor. ... Packard Motors pf. Pan-Amer Pete Pan-Am Pete (B). Panhundle P& R Penn Seabd Steel. Pennsylvania People's G Pere Marquette Pere Marq pf. Philadelphia Co. Phillips Pete. Plerce-Arrow. . Plerce-Arrow pf. Plerce Ofl..... l;lerce oll pt. 1ggly-Wigg!: Pitcs Coal.srry, Pitts & W Va. Postum Cereal. . Pressed Steel Cyr. Preased Stl Car pf. Producers & Ref. . Public Servof N J. Public Service pf Punta Alegro. Pure Ofl. Rand Mine: Ray Con Copper. Reading...., Reading 1st pf. Reading 2d pf. Remington Typr. Replogle Steel. Rep Iron & Ste Rep Iron & Stl pf. Reynolds Springs Reynolds Tob (B). Royal Dutch...... 3t Joseph Lead. ... St L & San Fran.. St L & San Fr pf.. St Louls Southwn. St Louls Sown pf.. Santa Cecilia Suga Savage Arms..... Seaboard A L pf. Sears loebuck . Shell Trad & Tran. Shell Union. Sinclairoil. Sinclalr pt. Skelly Oil. . * [Sloss-Shefmeld. Southern Pacific. Southern Railway Southern Ry pf. Spicar Mtg Co. Standard Mill Stand U1l of Calif. Stand Ollof N J wi Stand Oil of N J pt Steel & Tube pf. .. Stern Bros pf. StewartsWarne: Studebaxer. Submarine Box Superior Oll.. Sweets Co of Am. Tenn Copper. Texas Company Texas Gulf Sulphur Texas & Pacific Texas & P C & Of Timken Beart, ‘Third Avenue Tobacco Prod. . Tobacco Prod A Tobacco Prod pf. Tol St L& W pt. ‘Trans Contl Oil Union Pacifle United Drug. United Fruit, United Retail Strs U S Fopd Prod U SCast Ir Pipe. . U S Hoffman Mch. U S Indus Alcohol. U S Realty U S Realty pt. U S Rubber..... U S Rubber 1st pf. U S Smelt & Ref.. USSmelt& R pt. U S Steel U S Steel U S Tobacco U 8 Tobacco pf. Utah Copper. ... Vanadium Corp. . Va-Car Chemical. Va-Car Chem'l pf. Vivadou. Wabaeh. ..... Wabash pt (A)... Wabash pf (B)... Webber & Heilbrn Wells-Fargo Exp. Western Md Western Md 2 Wi n Pacific. rn Pac pf. Western Union. 1094 Westhse Eles & M 6944 Westhse Air Brke. 107% Wheeling &LE.. 8% Wheeling & LE pf 16% White Eagle Ofl.. 25% White Motor. 5 White Oll..... 3% Wickwire. u ‘Wilson Company. Willys-Overld. % Woolworth.....;. 208 Wright Aero. . Call Money..... High, “w w2 on% 4 % 2% - 2% B 68 109% 59% 107 8% 16% 264 ©% 3 11 nk% kil 199% 8% 0% ) 7% 8% % 52;#55.’-’ =Y & se=s5sy 103% 101% 37 105%% 1% 2 1104 S 8% i3% 611 8 L =% 1% 2% % Py 3% 18% 8 1095 [ 0% 9 17 % o% 3 u% ol 7% 201 8% Low. Last, o HOURLY SALES OF STOCKS. 1lam..... 170 500 Apam.. ... 456 200 —_— SHORT-TERM SECURIT! Aluminum Co. of A 13M.... 81620 Tpm... §74 90 & Co.) —Noop.— Bid. 18 1925 1098 Aluminum Co, of Amer. 7s 1933 10645 . 98 American Cotton Oil 6s 1024 American Sugar 6 1937. American Tel. & Tel. g0 Tel. & Tel. 8s Anaconda Copper 6e 1 ‘Anaconda Copper Horking Vajley du 1854 ockin Humbie Ol Sigs 1682 Kansas Ol i Keonecott Copper 7a 1900, Liby, McNell & Libby 7s 193] rs, Roebuck & C 923. Soutiiwestern Bell Ta 1025, Standa 11 ©il of Calif 7s 188i. Tidewater Ofl 6148 1881.. Union Tank Car L Western Union e A2 T i e Oftet, ADVANCE SCORED INLIBERTY BONDS First Issue Responds to Bill Passed by House—Trad- ' ing Is Quiet. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, January 24.—The chief response to the action of the House of Representatives in passing a resolution to’submit to the states a constitutional amendment prohibiting the further 1Issue of tax-exempt securitles was the advance In today's {market of the first liberty 3%s, the ,only entirely tax-exempt liberty 'loan. The 3%3s went up nearly 50 cents on the $100, but at the close to- iday were still far below the record high of.103.02 made In September, 1922, . Municipals in Demand. Good municipals were also in de- mand, aithough the market for these has been so strong for some time that the change was not so notice- able. It has been obvious for a long time that if the move to stop the out- put of new tax exempt bonds suc- ceeds the market price of the old }issues must appreciate. While ther has been considerable skepticlsm ai to the possibility of getting such fan amendment ~ ratified by the states yesterday's action was not withaut effect on today's market. The other liberty issues varied irregularly and the Treasury 4%s were steady. The general market continued dull, although the tone was perhaps & lit- tle better. French bonds held much better than franc exchange. The French 8s and 7%s sold around yes- terday's figubes, while the depart. ment of Selne 7s and the French cifle: issues gained ground. Braszll 74%s were also noticeably strong. but the Serblan $s met another relapse. Noth- ing In the news gave traders any hint of what finul outcome of the French invasion was to be and the market for forelgn bonds adopted a watchful waiting attitude. News No Help to Traders. There has undoubtedly been som speculative selling of French bondi for the decilne, as well as actual liquidation. This, of course. tends to bring about sharp rallies from time to time. Among the New Haven 6s again sold abov in sympathy with the strength in the stock on the ex- change, Whatever may be the future of the New Haven, for the present the difficulty is to handle the business of- fered. ie bonds did better, as was i the case with the St. Paul {ssues. Bal- timore and Ohio 4s also came back fractionall COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, January 24.—In spite of the Increased production schedules of ths automobile companies, the most encouraging factor in the industrial situation here today s that the short- age of skilled labor has not ggown greater. There is atill a slight deficit. but no manufacturers are actually {cramped by the shortage. EAST ST. LOUIS, January 24.—The tional stock ymrds here showed ro- | markable receipts in hogs recently, lall the records for fifty years being jbroKen. but recent shipments have been smaller. High-grade cattle con- { tinue to bring high prices. PORTLAND. Ore, January 24— One flour mill here has stuck to its | for export. but reports no business. {Other mills are selling at $6 Shang- ihai, or an equivalent of $5.50, but de. {clare there is no profit in these orders. KANSAS CITY, January 24—Grain {receipts at Kansas City fell off in 922, totaling only 114,524,250 bushels, as against 139,62 in 1921. There was a slight increase In corn ship- ments. PHILADELPHIA, January 24.—The {increasing demand’ for brick. coupled | with fuel and transportation difficulties, has resulted In reducing the supply of kilns today far below the normal point |tor this time of year. About 25 per !cent of the brick yards have closed, as { usual, for & part of the winter. Dealers {expect trade in 1323 to be active, with % | prices firm. | MALDEN. Mass, Januarr 24.—The { Converse Rubber ' Shoe Company ie operating at capacity today. and is find- ing difficulty in supplying demand from its customers. ATLANTA, January 24.—The Central of Geoxr'.l ratiroad now is marke! ocomotives. 500 box cars, 10 flat cars and the remodeling of 25 old locomotives. “ne Mobile & Ohio has bought nine new locomotives and 850 freight cars, at a cost of $2,000,000. PITTSBURGH, January 24.—An_ ad- vance In steel sheets is anticipated to- iday. Makers are not pushing their | products, and some of the independents {are practically out of the market. An advance of $3 in black and galvanized sheets is generally expected. The regu- lar price of blue annealed is $2.50, but {sales are being made at $2.60. Black is {quoted at $3.25, galvanized at $4.35 and iautomobile sheets at $4.70 to $5.00. { United States Steel Corporation plants are booked for several months, INIONTOWN, Pa, January 24— ‘While brokers said today by-products coal was selling at $3.50 to $3.80, sales have been made closer to $3. Ordinary coal is in plentiful supply, with buyers making the market. ANOTHER PIGGLY WIGGLY “CORNER” BEING PROBED Chicago Board of 'l'nd_c Moves After Member Is Unable to Get Delivery. By the Associated Press, CHICAGO, January 24.—An investi- gation of the alleged corner of class A stock of the Piggly Wiggly Stor Inc.. ‘Was reported in progress today under the direction of the business conduct committes of the Chicago Stock: Exchange. A questionnaire has been mailed to all brokerage houses on the exchange seeking full details of trading opera- tions in Piggly Wigsly for some time P It was und od the action of the stock exchange follo the com- plaint of a member broker who claims he bought a block of stock on the New York market, but was unable to obtain' immediate delivery, because none was available. Chicago_trading In Piggly Wiggl recently has been small. The stoc closed at 64 yesterday, an advance of 6 points within a week. Yesterday's sales were 2,600 shares. This is the second time P‘lzgy ‘Wiggly stock has been under the scrutiny of Chicago Stock Exchange authorities. On the first occasion the board of governors asked Clarence Saunders, president of the " Piggly Wl‘lhlly Stores, Inc., to explain the withdrawal of an_ offer to stock- holders of 100,000 additional shares of stock at $43. The result of this in- quiry was not-known. z JUMP IN FREIGHT TRAFFIC. "MINNEAPOLIS, January 24 (Spe- clal)—Freight trafic through this terminal increased 42 per cent in the last month over the corresponding riod a year ago. A gain of 800,000 ls of flour..was_shown, but. the largest iacrease was in automoblles. price of $5.65 for club straight flour | D. C, WEDNESDAY, JANUARY 24, 1923. I on new Yorx BONDS srocx gxml Grain, Produce and Received by Privats Wire Direct to The Stsr Offica UNITED STATES BONDS. Bales High. Low. 10186 10142 9820 9820 9870 9868 9830 S8U 9896 9886 Close.. 10188 0820 9866 L3 #8550 9854 Liberty 3% Liberty 2d 4s. Liberty 1st 4 Liberty 2d 4%s. 38 Liberty 3d 4% Liberty 4th4%s 411 9864 9852 tory 4% s°23 106 10024 10022 10028 B43s19562... 253 10000 9994 K000 FOREIGN GOVERNMENT, STATE AND MngIPAL . High. Lew. Close. 01% 101% 101% 9% 6% 98 WY UK MK % MW 2% 112W ” nk n % 7Y 82K 5% (95 951, 88U 026 102% 100% 100% 8% W% 103 102% 101% 101% 1004 102% 109% 109% 9 0k 9% W% &4 834 109 108% on o 2 ey nh% 2% u% 2 0% 0 *® 8% Y% 8% G 0% % % Bl 504 2% 3% 9T 9% nz a2 8% 9% 67 61 108% 108% 02 102 8% 3% 3 2% 964 16 7% 97 0% 9% 0% 8 695 69 106% 105 u%Ke 119% 119% % 7% 4% 14k 114 W03% 108 108% uzy 2% % MISCELLANEOUS. Afax Rubber §s...... 7 97 104% 106% £0% 0% 102 102% us 1 087 @815 %2 9w 100% 100 5% 96% s % Y sl % 58% 107% 107% 8% 9% i v Argentine 7s. Bordeaux 6s. Brasil 7s g% L3 s8h 102% 100% 102% 101% Chile 85 1941. 102% Christiania 8 Czechoslovakia 8s. . Denmark Denmark Dutch East I Dutch East I French Govt Japanese 4 Lyons 6s Marseliles Mexico 5s. % 1% 513% % TH n2 SalReb 108% Queensland 6s. ..... 102 Rio de Jan 8s 1946 Rowma Beine, Dept of, 7s. ... Berbs Crotes Slov 2s. "™ 3 6% 106% Swiss Confed s f §s. ‘Toklo 5s. Zoalla wzB 104% Am Smelt & R 18t 5: Am Sugar Ref 6s. Am Tel & Tel cv 6s. | AmT&Tcltr s, AmT&Tcltr4 Anacondacvd s wi. Anaconda 1st és wi.. Anton Jergens cv 6s. . Armour & Co 4348 Atlantic Refining os. . Bell Tele Pa 7s. . Bell Tele Pabs wi. Bethlehem Steel rf 55 Beth'em Steel p m 5s. Beth'em Steel s f 6s. . Brier Hill St 1st 5%s. Bklyn Edison 7sD. Bkivn Edison gen 5 Bush Tm Bldg s '60. Central Leather s, Cerro de Pasco 8s Chile Copper Chile Copper. 3 CinG & E15%s63... Comp-Tab-Rec 6s ‘41 1 Con Coal Md 1st 5s... Cuba Cane S cv d 8s.. | et Edison ref 6s. 1 Du Pont de Nem 7 { Duquesne Light 6 East Cuba Sug 7% Empire F &G 7% Fisk Rubber 8s. . Framerican 1D 7%, Gen Electric deb 8s. . Goodrich (BF) ¢ Goodyear Tire 8s'31. Goodyear Tire 8s°41. Holland-Amer s £ 6s. 1. Humble Ol & R 5% Indiana Steel bs. .. Inter Mer Marine 6s.. 4 Inter Paper let 58 A.. 2 102% 16 9%, 9% 1004 96%, ™ 8% 8% 107% 9816 % 13 7 [ o1 a4 0% 103 108% 104 9% 2% 108 108 8T8% 8T 105 108 101% 10146 101% 100% 1044 102% 5% 115% o1 0% 98Y5 S8 101 1005% 8% 116% 98y 974 7l 90% 102% 108 103% 5 8% Fuvan Flenrn ceb o 108% 106% 108% 10814 2 9 f I 7 96% %% <674 108 107% 0% 9% EI 94 983 98 9% 0% 110 1054 108 9% 2% Lackawanna St 58 '50 2¢ Liggett & Myersbs... 4 Larillard (P) s Manat! Sugaraf 7! Mexican Petrol 83, Mich State Tel 1 Midvale Steel 5 Montana Power 5i New England Tel 5 N Y Edison 1st 6%s. . New York Tel 65 °'41.. New York Tel 4%4s. .. 3 5 7 1 3 5 8 2 % North Am Edison 6s. Northwst Bell Tel 7s. Otis Steel Ss. . Pacific Gas & El 5. | Pac Tel & Tel 58 '52 Packard Motor 8s, Phila Coref 65 A. Producers & Ref Producers & Rf s w. Public Bervice §s. ... Sinclair Of1 7s..... !'8in Crude O] 5%s. Sinclair Pipe Line 5 Sou Por Rico Sug Stand OIl of Calif Tide Water Oil 635 Tobacco Prod s £ Toledo Edison 1st 7 Union Bag & P 6s. United Drug cv 8s. U 8 Rubber 1st rf 5i U 8 Rubber 7%s. USSteelsfls.... Utah Power & Lt 5s.. 17 Va-Car Chemical 7s.. § Va-CarChem 7T%sw. 2 Warner Sugar 7s. . 1 ‘Western Unlon 6%3s.. 1 Wickwire Spencer 7s. 2 ‘Wilson & Co 1st 6s. n Wilson & Cocv ljs.. 8 4 o35 107% 203% L3 ke e 5% §1% ©1 108% 1walg 100% 100 107% 107 125 1B 8% & 00% 1004 9% sl 8 e % 8 105% 105% 1084 103% 03 18 07% 107% 97 o8k us% 2% s 874 107% 1075 10 108t % s 9% 6% 2 % 105 105 uw 1 91% 914 1004 100 102% 103% 8% 107% 98 N o1l 10875 1004 107 1= 5% 100% oty 5% 9% 106% 108% 108 107% 97 nsy &8 107% 13 913 ey 92 105 110 9% 100% 102% Bum apntaBevoani SalBonnane EX-DIVIDEND TABLE. Janvary 25— Endicott-Johnson, stock. January 26— Atehtson. g, Btandard Oil January 30— Toledo, 8t. Louis & Western. 8t. Louls & Western pf. January '8 American Can, Q.. American Smelters pt, A. American Smelters pf. B Eastman Kodak, e Norfolk & Western, ad), Tobacco Produets A, 3 Stewart-Warner Spe: : _— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hitbs & Co.) Nominal Selling checks, 2 xold value. tod 12:30. London, pound . 4.8865 4 Moutrest, doliar . Parts, franc « Bruseels, fran !erlln’ mark . Rome, fiira. Zurich, franc Athens, di Madrid, peseta . Vienna, crowa . Budapést, crown. Prague, crown . Warsaw, mark openhagen, i Christianis Stockhol By the Associated Press. By the Associated Press. NEW YORK, Jauary 24—Foreign exchanges irregular. Quotation: cents). Great Britain—Dernand, 4.65% ; cables, 4.65 sixty-day bills on banks, 4.656%. France — Demand, .0645; cables, .0646. Italy—Demand, [0477; cables, .0477%. - Belgium—De- 05”‘#. cables, .0686. Germany 0004815 ; cables, .0000491;. mand, .§950; cabies, 39| Norway—Demand, .1862. Sweden—De- mand, .2681. Denmark — Demand, .1952. Switzerland—Demand, . Spain—Demand, .1870. Greece—Dx mand, .0125. Poland Demand, .000035. Czechoslovakia — Demand, .0279.. - Argentine—Demand, _3718. Brasil—Demand, .1145. Montreal, 99. B | Wisconsin Ct gen 43. 10 | 4§ Atchison gen 4s. Atlantic CL 1st 4 31.... 8 Bkiyn R T 7s *21 otfs. 20 BKIRT 7°21ctsts.. 11 FINANC Live Stock LOCAL WHOLESALE MARKET. A slight advance in the egg market Wwas noted this morning. “Snowflakes seem to be regarded as & scare to hens,” observed a dealer. The butter and cheese marke: con- tinues firm. There has been no re- cent advance in prices, however, but dealers were unable to tell what may happen in the near future. Practically no change has taken place In meat, fruit and vegetable prices the past few days. Eggs—8trictly fresh. selected candled, per dozen, 40: average receipts. 38; southern, 36a37. Cold storage eggse, l||%121. 8% Live poultry—Roosters, per 1b., 15; Ches & Ohlo cv Ches & Onio cv 4 %s. Ches & Ohio gn 4 34s. Chi & Alton 3a 1949, Chi & Alton 3% ChiB& Qgn 48 1958. ChiB&Q1strt s Chi & Eust Il gn Chi Great West 4s 104 Chi Un Station 44s. . 12 Chi Un 8tatfon 614 5 Chi & W Ind con ¢s.. 10 CCC&BtLrfésA CCC&BtLdb4x Cleveland Term 5% Del & Hud 1st & rf é2 17 Del & Hudson 5 14s. Erle 18t con 4s. Frie con ext 7s. Erie gen 4s. Great North gen Great North gen 54s. 14 HavanaERL & P 6 Hudson & Man ref & Hudson & Man aj 5s. Il Central 5%4s...... 1 Inter-M 416s ctfs ata. 5 Inter Rap Transit s. 8 Inter R Transit 7s... Int& GrNorajés... Kansas City Ft 8 Kansas City Sou 3s. Kansas City Bou 5. . Lake Bhore 48 1928. Lake Shore 481931, . TLehigh Val cn 4s 2003 Lehigh Valley és Louis & N unified Louis & Nash 7s Louis & Nash 5 s Market St Ry cn s, Mil El Ry & L 1t 68 %:B}:Lmrexus. tP&SSM6k%s. 9 MK&Tlathn A MR& % % 3% wH 0% Toprin G MK&Té6scC... MK & T adj 5s. Mo Pacific 8s ontreal Tram Ist 58 3§ Nassau E Ry 48 1957. 3 N O Tex & Mex inc 6» 12 N Y Central deb 6s. .. 35 N Y Central deb 13 N Y Central r i 68 New Haven cv deb 6s. New Haven deb 48 57 ew Haven 78 s ew Haven 7s francs. N Y State Ry 4% N Y West & Bos 4 Norfolk & West cn 4 Norfolk & West cv 88 Northern Pacific 4s. . North Pac ref im 6a. . Northern Pacific ba. Ore Short L cn 58 *4§. Ore Short L ref 4s. Ore-Wash 1st ref 4 Paris-Lyons-Med 6; Pennsylvania gen bs. Pennsyl gen 41s. ... Pennsylvania 6 ' Pennsylvania gold 7s. Pennsyl con 4138 Pc !a & East inc oadRaly Reading gen 4s. Rlo Grande W clt 4 StL&SFprindsA. StL&SFprinss... StL &S Finc 6s. StL&SF5i%sD.. .. StL&SFadjés..... StL&SFprinésC. StLSWist4s...... Seaboard A Lyref 4 Seaboard A L adj 58 Seaboard A L con 6s. Sou Pacific v 4 Sou Pacific ref ¢s Sou Pacific clt 4 Southern Ry 1st Southern Ry gen 4s. . Southern Ry dev 6%e Third Averef 4s..... Third Aveadj 5s. ... Union Pacific 1st 4s. . Un Paclfic 16t ref 4, Union Pacific cv 4s. Union Pacific ov 6s. Virginia Ry 1st Wabash 1st 5. 16 Western Maryland 4s 13 Western Pacific 5s... 1 West Shore 1st 4 6 Wheel & L E con oo Swaal oy 6% » % a% 25% €@ % % 8% 5% 5% 5% ety .7 101 3% sk otk 5% %% 105% %644 9% 5% 8214 83% €@ 04 TOTAL SALES (Par Value)t 1lam... 3138000 12nmoon.. 524930) COTTON AGAIN JUMPS T0 NEW HIGH PRICES Both New Orleans and New York Markets Continue to Dis- play Strength. Eou2383ume 5814 €3 1% 855 6% 105% i) 1% 68% 8214 £ 64 o By the Associated Press, NEW ORLEANS, January 2¢.—Better cableg than due stimulgted the local cot- ton market into renewed activity to- day and prices rose huoyantly on the contract department gaining 28 to 34 points in the first half hour. March went to 28.63 cents & pound and October to 28.50. All months made new high records for the season. ‘Considerable buying after the call was due to re- ports that Europe had been a heavy buyer of spots overnight in this market, Italy especially being mentioned as a pul‘lmi':u:m bids: March, 28.7: 7 o i March, 28.72; May, zz_‘sdu July, 28.62; October, 26.64; stady. NEW YORK, January 24.—Cotton g;mr:s El;v‘e;et;hflm January, 28.85; arch, 28.83; May, 28.94; July, 28.70; October, 26.74. s Noon_ bids: Januery, 28.3 28.47; May, 28.49 J’I’l::y. 28.; ber, 26.25; stead. March, ; Octo- Blockot Puy- ; - record. _able. Aniparo Mining Co.. q, 3%...Jan. 81 Feb, 10 igelow-Hartfond Carpet Co. : -iJan. 2¢ Feb. 1 Saan, 3¢ Fev. 1 ~dan. -Feb, 2 Colum Oqlnz‘l‘!A balt prq, 1%4%. m-nmng &‘7‘ .Jan. 23 ' Féb. 15 Norfolk. and Western Ry., q. $LTD .oonvosis L.Feb. 28 Mar.19 Ontario Sieel Products Co. pf. 1 Tap. 31 Feb. 15 an. 22 .Feb. .1 6% | bushel, Jlicky, 1.3415 4 | ter, garlicky, no quotations; January, turkeys, per Ib, 30; spring chick- ens, per lb., 28; keats, young, each, 80; fowls, each, 25. Dressed poultry—Fresh-killed spring chickens, per Ib., 30a33; he per 1b., 8. roomters, per Ib., 1 turkeys, per Ib, 35a40; keats, young, each, Live stock—Calves, choice, per 1b. 14; medium, per Ib., 13a13%; thin, Der 6ad. Lambs, choice, per 1b. 13 1'»‘."»"”"1‘ 3.00a8.00 each; live hogs. T b, 915 Green frults—Apples, per bbl, 1.75 47.00; Deliclous, Nor 1, per bbL. 6.00a es, per Cratc. ¥ Californ| 5.00a6.00; Florida, 4.0025.00, Lemons. per box, 5.00a7.00. Grapefruit, 3.008 4.00. Tangerines, 3.50a4.50. Eetables—Potatoes, per bbl 1. 150a200; per sack. 2.00a2.2 2, 50a1.00. Sweet Carolina, 75a1.50; Lettuce, ' per crate, southern, 3.50. Romaine lettuce, per crate, 702 Iceberg lettuce, per crate 5.50. Cabbage, northern, 1.75a2.00 per 100 1bs.: nearby cabbage, per bbl., 1.25a2.25; southern, 2.25a2.50 per basket. Eggplanis. per crate, 2.50a5.00. Toma- toes, per box, Florida, 2.50a5.00. Beans, 2.00a4.00 per basket. Peas, 3.00a5.00 per basket. “Peppers, per crate, Florlda. 2.60a3.50. Kale, per barrel. 1.50a1.75. Spinach, per barrel, 2.75a3.25. Celery. per dozen. 1.00al.25; California. per crate, 8.00a8.50. Brussels sprouts, 18a20. GRAIN AND PROVISIONS. 150 pounds 90a 0; bushel, 258 routs, quart, 20.00a25.00; Savoy. bushel, 7 flower, crate, 1.50a1.75: carrots, 50a60; celery, crate, 2.75a3.50; cucumber: crate. 3.50a7.00: eggplants, ‘crate, 4.00a .00 horseradish, bushel, 2.00a4.00: kale, 25a35; lettuce, crate. 2.00a4.50; onions, 100 pounds. 1.50a3 oyster- plants, 100, 5.00a7.00; parsnips. bushel, 1.25a1.30; peas, bushel, 2.50a3.00: pep- pers. crate, 1.50a3.30: spinach, bushel, T6a 1.00: squash, basket, 2.50a3.50; t matoes, crate, 3.5026.50; 50a65. Apples. packed. barrel. 2.00a5.00; bushel, 50a1.50: loose. basket, cranberries, barrel, 10.00a12.00; 6% { fruit, box, 2.00a4.25; oranges. bo ;' strawberries, quart gerines, u strap, 2.00a2.73. Selling Prices at Noom. Wheat—No. 1 red winter, spot, quotations: Xo. 2 red winter, spot, 1.24% nominal; No. 3 red winter, spot, no quotations; No. 2 red winter, gar- ominal: No. 3 red win- no 1347 nominal. Sales—Nore. per barrei; contract, spot. $Ziy bushel: No, 2 corn, spot, §3%: no quotations; track corn, vellow 3, new or better, 86 per bushel. Sales—None. Oats—White, No. 2, 54 and 54'2 per bushel asked: No. 3. 53%. Rye—Nearby, 85a95 per bushel; No # western export. spot, 99 per bu- hl: bel 3. no quotations. a’ No. 4. there was a fair demand under lim- ited receipts at a range of 17.00 to 21.00 per ton. Straw—No. 1 tangled rye, 15.00a 16.00; No. 1 wheat, 11.60a12.00; No. 1 oat, nominal: 12.00a13.00. TODAY'S CHICAGO PRICES. CHICAGO, January 24.—New up- turns in the value of wheat took place today shortly after a decline at the start. The {nitial weakness was ascribed to lower quotations at Liver- pool and to setbacks in foreign ex- change. Seiling, however, lacked vol- ume, and with,several leading houses acting on an dpinion that wheat was low as compared with other commodi- tiss, the market quickly scored a mod- erate advance. The opening, which ranged from 13 to % lower, with May, 1.15% to 1.16%, and July. 1.11%, was followed by a rise to well above yes- terday’s finish. Corn and oats developed independent strength largely as a result of bullish conclusfons. drawn from the govern- ment report as to the number of hogs on farms. After opening at 13 decline 10 & shade advance, May, 71%. the corn jed. market made decided gains ail around. Qats started 4 to % higher, May, 44, an® mier went up with corn. Buying in part of cottonseed oil in- terests gave a lift to the provision market. DAIRY PRODUCTS. BALTIMORE, January 24 (Special). —Poultry—Live. pound, turke 358 42; old ‘toms, 30: poor and crooked breasts, 25 voung chickens, 3 poor and leghorns, 20a22; old hens, 21a24; small and leghorns, 16a20; old roosters, 14al5; ducks, 18a2 17a23; pigeons. pair. 30ad fowl, ' each, 35a70. Dressed’ poultry pound,. turkeys, 32a38; old toms. 3 poor dressed and thin, 25; young chickeng, 24a25; old and mixed, 28a24; ducks, 25a30: geese, 24a28; capons, 35438 small slips, 30; Eggs—Loss off native and nearby firsts, dogem: 38a40: southern, 3683%. Butter—Creamery fancy, pound prints, 65a57: nearby creamery, 1adles, 35a36; rolls, 33a35; store pack- ed, 32333: dalry prints, 34a35; process butter, 43a43. CHICAGO LIVE STOCK MARKET. CHICAGO, January 24 - (United States Department of Agriculture).— Hogs—Recelpts, 25.000 head; slow, 15 to 30 lower: bulk 150 to 180 pound av- erages, §.40a8.50; top, 8.55; bulk, 200 to 225 pound averages, §.25a8.35; bulk 50 to 300 pound butchers, §.15a8.20 weighty packing sow mostly 7. desirable pigs, most- Iy 8.00a8.25; heavy-weight hogs, 8.05 a8.25; medium. 8.1528.35; light, 8.50; light lights, 8.25a8.50; packing sows, smooth, '7.20a7.25; packing sows, rough, 6.00a7.25; kflling pigs, 7.75a8.35. Cattle—Receipts, 9,000 head; beef steers slow: early sales about steady. tending lower; few loads matured 50 41% | opening, tho trading positions in. the | steers, 10.50; some held higher: bulk beef steers, 8.25a10.00; she stock un- even, generally steady to strong; spots higher on beef cows and heifers: veal calves active, strong to 25 cents higher; other classes about steady: bulk desirable woal calves to packers around 11.50a11.75; shippers handpicking upward to 13.00; bulk stockers and feeders, 5.75a7.75. Sheep—Recelpts. 18,000 head: opening very slow; early sales fat lambs steady to ‘a shade lower: early top, 15.40 to city butchers, 15.25 to ck - ers; one load 85-pound fall clipped lambs, 13.35; two 'doubles, desirable §5-pound fed yearling wethers, 15.00: sheep steady; one double-deck 115 pound ewes, 7.90; late yesterday, choice 96-pound ew: 8.35. —_— TREASURY CERTIFICATES, (Quotations faraished by Redmond & Co.) o S I te—Matarity, Bid. Offer. e - LI 2 ‘g' one 13, 1823, 99 1814 100 182 9 13-16 100 13”1 16 ‘:g 1518 101 01 100 5-18 100 99 15-16 100 {-18 ”» 9 3-18 99 15-16 100 1-18 s PARIS BOURSE FIRMER. PARIS, January 24.—Prices were firmer on the bourse today. Three per cent rentes, 58 franc: centimes. Exchange on London, 73 francs 25 centimes. Five per 'cent loan, 75 trance, 45 centimes. The dollar was Jquoted' at 15 francs 51% oceatimes. 8 Seaaanco urnips, bushel, | Corn—Cob corn, new, 4.25 and 4.30 | per | No. | { Receipts, 28 tons: for the bet- | ter descriptions of timothy and light 5226 | ;{ uncertainty, IAL. , AGREENENT STOPS COAL STRIKE FEAR | Lower Soft Coal Prices Are Predicted—Hard Coal Prices Going Higher. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, January 24.—Formal confirmation today of the wage for the bituminous mines of the ce tral competitive field, which has al dy been agreed upon by both op tors and miners, will relieve fear of ccal strike April 1 and give manufac ture and industry a firm basis for op- eration and expansion. - The tern agreed upon practically duplicate tho exlsting agreement, and will be in force until April 1. 1924. Although the Pennsylvania cperators have not been represented at the present meet- ing they are expected to sign with their miners along with the operator from 1llinots, Indiana and Ohio. Oth sectlons of the country are cxpected to follow tha lead of the central com- petitive aistrict. Soft Coal Markets Easier. The success of the conferences here. added to better car supply and in- creased production, gave the coa markets today a slightly easier ton Domestic grades remained firm while there was a let-up in tene) in steam coal, those grades still were in demand, owing to heavy production £chedules in basic manufacturing ir dustries. Indications, however, point to a slbw, if steady, decrcase ir bituminous prices for some months to come. Current production consumption by fair reserve stocks are grow tribution is better. tuation ir anthracite is far different, howeve and prices for hard coal are showir an upward tendency, which pected to reach its ton in Febr Continued advaney initial_advances § the price of gasoline marks the im- proved statistical position of {troleum throughout the country though prices of cruds yfornia flelds have not been production in that state | steadily Oil Supplies Increa: “California’s oil produ reach §00.000 barrels a day within the three months,” K. E. Cullom ofl and gas eupervisor, sa{d- to- | This estimate, he added, was {based on present development activi- ties and continued bringing in of new the Long Beach. now' exceeds margin pe v mount on wil The first three w showed forty drilled t N in s of December. The three fi mentioned, the hole comprising | than per ce of the pro age in the sta are producing than 60 per cent of the present sup- ply. The falling off in the sh the lighter crude oils fr is aiding demand for Cal erud on the eastern sea ship nts are going forward sfead h the Panama canal. Refiners n wester: Pennsyly are paying 20 cents a barrel pr above posted prices for Fenn crude. Shoe Industry Booming. The improvement in the shoc | ufacturing industry and the bri jprospect for the present vear w. fully outlined in a_statement Issued today by George F. Johnsom, pr dent of the Endicoti-Johnson Cor- poration, who declared that opera tions in 1922 resulted in.a profit of $16.000,000 and an increase of 25 per cent in the number of shoes shipped In spite of lower prices. total sales increased nearly $5.000.000. With new plants now nearing completion {in operation the output of the com ipany will average 135,000 pa. > {shoes a day, compared with | pairs at present, and Mr. Johnson 4 i clared today the future was { the promise of better things. | Mild Weather Big Help to Low Shoe Demand | Speciai Dispatch to Tie Star. = PHILABELPHIA, January 24—The open weather so far this winter permitted building operations to he pushed as they would be in the fal and increased employment thus fur nished to men in the building trade | has fncreaeed buying power and gen eral prosperity. The mild weather has not interfered with retail trade Ofterings of merchants find a good response from buyers well supplied with money No complaint i€ heard of dry goods prices but furniture figures seem to e too high to attract the great mass of buvers. Shoes are reasonably priced here at present and this low {lendency has been aided by the in- icrease in the number of men who wear low shoes throughout the win ter. Europe Cancels Orders for New Orleans Goods ateh to The Ktar, ORLEANS. January 24- Business in New Orleans continued g00d_this weck. but it is probabie { the European situation, hecause of its has had an unsettling effect in some Iines. everal lines of trade having dealing with Europe report orders canceled and export {demand curtalled. It is dificult, how- cver, to determine just what effect the crisls abroad has had. At least Ihuuhms! men are far from pessi- i mistie. Busin throughout the districts is very brisk. and i sales by jobbera and wholesalers have me largely from rural communities Money is very easy, with 4 per oer oharged for commercial paper cars ing the best names, and ordinar loans made at 5 to 6% per cent. The cotton and sugar planters have prac- tically lquidated their debts. Railroads to Build $100,000,000 Station Special Dispatch to The Star. CHICAGO, January 24.—Retail trade and building activity aro. benefitting by the remarkably open winter Chi- cago has experfenced so far this year een drugs on the market so far, but the turnover in other lines has been excellent. Jobbers and mail order houses report business well afiead of last year, and road salésmen are sending in good-sized orders. Spring woolens and worsteds are in brisk de- mand from wholesale houses and job- bers. 1t is estimated that $300.000,000 will be gpent in Chicago this vear in con- struction of new homes, apartments, office buildings and industrial plants. Seven of the smaller railroads run- ning into Chicago will unite to bulhd a $100,000,000 terminal to repiace the old Dearborn street station. (Coprright; 1922.) ISLAND SALES GAIN. Larger Demand for Face Puwder’ and Canned Fruits Noted. SAN FRANCISCO, January. 24 (Spe-. clal).—Orders to local merchants and wholesalers indicated today that the South Sea island ports have been heavy purchasers recently of photo- graphic materials, taleum powder. and canned fruite. _— After counting all the hairs on the heags of the women students.. two rofessors of the University ol unich found the average to be from 60,000 to 70,000 hairs per head. Goloshes and heavy underwear havry