Evening Star Newspaper, February 6, 1923, Page 22

WALLSTREETLIT FEVERHLY ACT Very Heavy Buying Wave De- velops in Today’s Session. Marked Advances. BY STUART P. WEST. Special Dispatch Lo The Star. NEW YORK, February 6.—Trading ©n the stock exchange today reached tho largest proportions of the year so far., The extent of the increase in ectivity was sufficiently Indicated by the fact that at one time the record- ing instrument was nearly twenty minutes behind the actual market. There was no doubt whatever that public interest was on the increase &nd that non-professional buying was playing a lurger part than at any time this season. Heavy realizing sales were encountered as prices moved forward, but always these were offset By the bringing up of new leaders. Sugars Lead Advance. ‘The most consistent buying occurred in the sugar group. especially in Cuba an preferred and Cuban American. ere was no trade news to account for this. It was simply the market’s response to the confident feeling in the sugar trade that prices are on the up- srade and that the advance will be- ‘come more pronounced at the close of ithe Cuban grinding season, little over « month from now. Stee! common, Haldwin Locomotive nd Studebaker moved forward an- “other point in the first hour. but sub- equently their advance was checked ,by profit-taking. Pool operations went on actively in Crucible Steel on talk Jof a resumption of dividends later in the year. New high records were made in a number of_ specialties, among them American Mack Trucks, Mathie- ®on Alkali and Corn Products. Some large blocks of Colorado Fuel had to be taken at 26, after which the price promptly jumped to i Tobacco Stocks Active. Tobaeco stocks were helped by the statement de on Monday ° that earnings were the hest iu the history f most of these companies. The im- provement in the leather trade was reflected in higher prices for the Cen- tral Leathers and the American Hide and Leathers : Railway shares received quite as ‘much attention as the industrials, with Union Pacific, Canadian Pacific &nd Chicago and Northwestern the lead- ers among the dividend-paying group and Southern Railway, the St. Pauls, the Missouri Pacific and Pere Marquett most conspictous among the non-divi- dend payers. Review and Outlook. was very little in news to account further mavked expansion in the ~tock hange dealings and the in- creased activity in the bond list, Wall street at no time has been seriousldy rald of an Anglo-Turkish clash. Tt has felt sure that the new Turkish &overnment would not go to war over Mosul or he other points in dispute, because the opposing odds cere altogether too great. Conse- was not at all surprised to Turks were ready to ~iED a new ¥ which would leave the question of the Mosul oil territory 10 be disposed of later o1 What the demo security markets re that for a month only awalting some intelligent news from abroad to continue to discount the favorable course of home trade. Better Near East News. The_virtual elimination of the near east danger was ‘one of the develop- ments most desired. As for the Ruhr situation the financial community reached the conclusion a week ago “hat there was no likelihood of any erious political consequences result- ng from it, that the whole matter had settled down_ into an struggle the outeome of Which hard to see but which in any could not disturb the bu tion in this country. The rise which started toward the close of last week and which re- wulted today in the most active and huoyant market of the year so far was &imply a_reflection of this judgment On the whole the upward movement wa orderly, but there were many instances which suggested that Wall Street pools were pushing ahead a bit too fast. The stock market closely resembled that of Jast midsummer, which was brought to = close on Labor day. Sterling ¥ Sterling excl & cent in the § cember’s Ligh Th outside today's for the the was event ame ng last T which at the same time t approach 1o ohl-time lagt three vears. French exchange was fairly steady, and French and Belglan bonds rallied another point or so0. These. however, were more the accompaniment of the cheerful feeling n the markets generally than an ex- yression of opinion regarding the up- ®hot _of the latest punitive measures of the French across the Rhine. The stock market continued to show extraordinary vitality through- out the afternoon. Selling by the speculative following having profits to secure was extremely heavy, but §t was absorbed without the least dif- floulty. The features during the last hour were the motor stocks, some of the equipments, the smelting issues and the shares of gas companies. Studebaker Reaches 120. Studebaker reached 120 and Bald- win Locomotive made & new high for the current movement when it struck 137. Chandler Motors, which only & few days ago had sold below 62, crossed 0. The understanding in its case is that company interests which were not partienlarly enthusiastic a month ago now have changed their attitude and that this is showing in the mar- et action of Chandler stock. The Willys Overlands, Packard Motors and even the Plerce-Arrows were drawn along in the wake of Studebaker and Chandler. Brooklyn Union Gas, Columbia Gas, the new Consolidated ‘Gas and North America among the public utility group all made new highs. American Smelting crossed 60 on heavy buying. (Copyright, 1023.) WALL STREET NOTES. American Loco Makes Record. Coco Cola Sales Jump. Bpeclal Dispatch to The Star. NEW YORK, February 6.—From the standpoint of money involved, the American Locomotive Company re- celved during January the largest order in its history for that month. Ten railroads have ordered 163 loco- notives of different types, to cost approximately $10,000,000. Ex-dividend today: American Smelt- ing and Refining preferred, Pressed Steel Car preferred and St. Mark's Mineral Land. __The Coca Cola Sales Company sold about 1,100,000 gallons of sirup in January, compared with 500,000 last ¥ear in_the same month. New York Air Brake common stock today got to a new high for the year, reflecting not only improved earnings of the company itself, but also the general prosperity In the rajlway equipment business. The 1922 figures are esti- snated to have been around $5 on the common, with the jpects for the coming twelve months well ahead of that amount. Increasing attention has been paid §n the last few days to Kennecott r, which was especially active and strong among the copper shares today. The meat of Kennecott's ait- tiation is generally .believed to be en Copper, the capital stock of Which is practically all owned by Xennecott. Braden is one of the three successfully operated South gmertcan Copper producers and, like *hile and Cerro de Pasco, has had a Jar Quipst, Moreover,’ Kenne:oft Ppwne about 76 per cent of Utah stock. w economic | ness posi- | {Cuba Cane Spt.. For Revised Close of Stock Market see 5:30 Edition of The Open. High. Low. Closs. 1% 1% 1% 1% ® n 10% % 0% 9% 8 9% 8% n 6% 2% 1% 6% 1% % 6% . 18 2 674 108 26% n% 32 Allled Chem pt. Allfs Chalmers. Am Agr Chemical. Am Agr Chem pf.. Am Bank Note. Am Chicle Co. Am Cotton Ofi. Am Cotton O11 Am Druggist. Am Expi Am Hide & Leath Am Hide & Lea pf. AmIce.. & Am International. Am La France Am Linseed. Am Locomotive. .. 125% AmLoco pf. 2% Am Metals 2 Am Radiator. " Am Safety Rasor. Am Ship & Com. Am Smelting. .. Am Smelting pf. Am Steel Fdy Am Steel Fdy pf. Am Bugar. Am Sugar pf. Am Sumatra. Am Tel & Teleg. Am Tobacco Am Tubacco Am Water Wks. .. Am W Wks 6% pf. {Am W Wks 7% pf. Am Woolen. Am Woolen pf. Am Writing P |Am Zine & Lead Am Zinc & Ld pf. Anacond Ann Arbor pf. . Assets Realizn. Ass0 Dry Goods. Asso Dry G 1st pf. 8% 110% 214 16% 5 % 5% 1 w0 0ty 125 101% %0 2ty s 24 Atchison Atchison pf. Atlanta Bir & Atl. Atlantic Cst Line. . Atlantic Fruit Co. Atlantie Gulf..... Atlantic Ref. Atlantic Refin pf. Atlas Powder. Austin Nichols 1% 19 182 2 Baldwin Loco. . Baldwin Loco pf. Balto & Ohto. *Bank of Com {Barnesdall (A) ... {Beechnut Packing i Beth Steel. . ! Reth Steel (B). Beth Stl 7% (n) Beth Steel 8% pf.. Booth Fisherles. [ Bklyn Fdison 114 Bklyn Rapld Tran. 1% BKlyn Union Gas. . 12 Brown Shoe....... Brunswick Teru Burns Bros (A) Buras Bros (B). Burns prior pf (B) Butte Copper Butte & Superlor Butterick..... 126 15% 1105 6 |Caddo Oil. ... | california Pcking. s {Calitornia Petrol. California Pete p Callahan Zinc {Canadian Pacif Carson Hill Case (J 1) pf. !Central Leather. Central Leath pf Cent RR 0f N J {Cerro de Pasco. Chanvler Motor. |Chesap'ke & Ohio. {Ches & Ohio pf w1 Chi & Alton. {Chi & Allon pt. iChi & East IT! “hi & East 11 pf.. |Chi Great Westrn. {Chi Great W pf... Chi Mil & St P. ChiMil & St Pp Chi & Northwn, Chi Pheumat Tool. Chi R & Pacific. . IChiRI&P 6% pt.. Chi RI& P 7% Df.. Chi StP M & Om. Chile Copper-. .. Chino Cop! iCluett Peabody. |Coca-Cola. | Coca-Cola pf. Colo Fuel. . 1Colo & Southn ist. ! Coiumbia Gas !Columb’a Graph., 2 Columbia Graph pt 10 Comp Tabulator.. 7 Conley Tin Foil. Cons Cigar.... Consol Gas new. Cons Textile. Cont Ca Cont Insurance. Continental Motors 10% Corn Products. ... 7% Crex Carpet aeer Conden & Co 5% Crucible Steel 6% Crucible Steel pf.. 92 Cuban-Am Sugar.. 21% Cuba Cane Sugar.. 104 81 24% .o 118 29 70 42 .« 100% 335 [ 65% 13 8935 2 58t Davidson Chem 1De Beers Del & Hudson Del Lack & Wsta. Detroit United. . Dome Mine: Dupont (EI). Dupont deb. ...... Eastman Kodak.. Electric Stor Bat. Elk Horn Coal. Endloott-Johnson. Exchange Buffet.. Famous Playe: Fed Mines & S pf. Fifth Ave Bus w 1. Fisher B of O pf. | Fisk Rubber. | Freeport Te: Gen Am Tank Car. 60 Gen Electrio. {Gen Elec spl wi.., 11% Gen Motors. u Gen Mot 8% d Gen Mot 1% Gimbel Bros pf. Glidden. .. Goodrich. .. Goodrich pf. Granby Consol « 101% Great Northern pi Great Nor Ore, Gt West Sugar pf. Greene-Cananea. . Guantanamo Su.. Gulf Mo & Nor Gulf States Steel, Hydraulic Steel Nlinols Central... 118% 1llinois Central pf. 118 Indiahom u% Inspiration. 0% Interboro Metro,. % [ 1% 38 4% Int Cement. Int Combustion B, Int Harvester. Int Mer Marine..... Int Mer Marine pf. u% 1% il 110% “% 8% % 81 “% o4 kd 8% 12% 4% 6% 1 29 % 38 12% 69% 107 26% w4 32 126% 121% 8915 901y 10% 214 1% 80% % 8% 1 0% 8 0% 126 102% % 2% 19% 21% 2y 7% 16% 1104 6 2005 W €@ 2% % 1034 189% 25 86 % [ 8% W «% 3% 244 119% 9% 0 2% 100% 5% 1% 10% 18% us u% 6% 10% u0% % % 5% 8 % 0% d L) 1% 71844 6% 16% 29 6% Open. PO k) Int Nickel Intl Nickel pt. Intl Paper. Intl Salt. Invincible Iron Products. 1sland Oil Jewel T¢ Jewel Tea pf.. % Jones Tes. . 6% Jones & L'ghlin pt 107% Kansas City Sou.. 234 Kansas C Sou pf... 54 Kansas & Gulf Co. 244 Kayser (Julius).. % Kelly-Spring Tire. 51% Kelsey Wheel..... 108 Kennecott [ Keystone Tire. 9% Kresge (8 8) .22 Laclede G . 81% Lee Tire & Rubber 28% Lehigh Valley.... 704 Liggett & Myers. . 218% - Liggert & Myers pt 1174 Louls & Nashville. 136 Mack Track. ... Mack Truck 1st... Mack Truck 2d Mackay Cos. .. . 2% Mallison & Co. Manat! Sugar Manhat ElecSup., 5% Manhattan Elcits. i Manhattan Shirt.. 454 Market St prior... 6 Marland Oil. ... 8975 Martin-Parry. 29 Mathison Alkill... 5% Maxwell (A) 457 Maxwell (B) May Dept Stores. . McIntyre Porcu.., Met Edison'pf.... Mexican Seabo Mexican Sbd ctf Miami Coppe: Middle States Oil Midvale Steel. ‘[Minn & 8t L (n). MinnStP&SSM. MStP&SSMDpf.. Mo Kan & Texas Mo Kan & Tex pf.. Mo Pacific. Mo Pacific pt. Montana Powe Montgomery Ward Moon Motor Mother Lode Mullins Body. Nash Motors. Nash Motors pf. Natl Blscult wi.... atl Cloak & Suit. Nat! Condult...... Nat] Enameling |X\atl Lead. . {Nevada Copper. New Or Tex & Mex NY Air Brake.... N Y Ajs Brake (A, N Y Centra! {NYNH & Hartrd. NYO& Western.. " N ¥ Shipbuilding.. 12 Norfolk Southern. 14 Norfolk & Western 114% North American.. 106% North American pf 5%, Northern Pacific.. 7% Ohio Body & Blw.. Ollahoma Proa. ,. Orpheum Cireuit. . Otis Efevator. Otis Steel. .. Owens Bottle. 3 19% .7 9l “w Pacific Develop. .. Pacific Gas & El | Pacific Of1. Packard Motor | Packard Motors pf. {Pan-Amer Pete. .. Pan-Am Pete (B). Panhandle P & R.. {Pennsylvania..... | Penn Seabd Steel. . | People’s Gas Peoria & Eas | Pere Marquett | Pere Marq pf. Pere Mrq prior pf. FPhiladelphia Co Phillips Pete, Plerce-Arrow. Plerce-Arrow p! Plerce Oll. . Plerce Oil pf. Plggly-Wiggly... Pitts Coal. .. Pitts Coal pt Pitts & W Va. Pond Creek C Postum Cereal. Pressed Steel Car. {Producers & Ref { Public Serv of N | Public Service pf. . Puliman Co, . Punta Alegro Pure Ol1 e Pure Oll 8% pf Railway Steel Spr. Ry Steel Sprpf. Ray Con Copper.. ‘. 0% Reading 2d pf.... Remington Typr.. Replogle Steel. ... Rep Jron & Steel. . Rep Iron & Stl pf. Reynolda Springs. Reynolds Tob (B). Reyal Dutch. . St Joseph Lead. Bt L & San Fran 5tL & San Frpf. 8t Louts Southwn. St Lonis Sown pf.. Santa Cecilla Suga Bavage Arma..... {Seaboard Air Line board A L pt ars Roebuck. Seneca Copper. . Shell Trad & Tran. Shell Unlon. . Stmms Petroleum. Sinelair O11 Sinclair pf. . Skelly OIl. Sloss-She! {8o Porto Sugar.... Southern Pacific. . Southern Rallway Southern Ry pf... Spicer Mfg Co.... Stand Oil of Calif. Stand Ofl of N J wi Stand Oll of NJ pt Steel & Tube pf... Sterling Prod..... Stowart-Warner. . Studebaxer.... Submarine Boat Superlor Oil. Sweets Co of Tenn Copper.. ‘Texas Company. Texas Gulf Sulphur Texas & Pacifio... Texas & PC & Oll. ‘Tide Water Oll. Tohacco Prod A ‘Tobacco Prod pf Tol St L& W pf... ‘Trans Contl Ofl... Union Bag & Pap. Unilon Of1 Union Pacific. Unilon Pacific p! United Alloy Steel Utd Dyewood . Utd Dyewood pf. United Drus. United Drug United Frult. United Ry Inv United Ry Inv pf. United Retall Stra Evening Star. High. Low. Closs, W% [ 2% ” 1% «a % 1% i 7% 107% 28% 2% 69% 121 1% N 25 nus% “ 1061 3 3 s m it 9% 0% 2 84 4% 116% 101% 1% % €8 18 1% pricy % 8% [ 6% g % 19% 8% B1% 107% 28% By 204 % 51 107 7% 9% 212% 83% 28% 0% 219 U4 3% 19% u 5915 136 72 9% 87 21 70 16's 3y 1% 49 14 6ilg Bl 3 221 214 1% 24 107 9 368 6 T 70 130 [ % 106t 8% i 4% £0 86 3 0% g 51 0% 20% 887y 50% 9% bl 467 e 9% 3 2% ® 1% a3 “Wa 0% a1% I w2t 9% 41% 116% 102 61% % ety 21 u% 5% __La 2 §Egazsegd, e 2338 1% % 62l4 u% 2% 2 65 % 0% w4 84 50 N 2% 4614 01% ANSILLIN STRENGTH IS SHOWN INFOREIGN BONDS Better Near Egst News Has Steadying Effect—U. S. Issues Quiet Down. BY GEORGE T. HUGHES. Bpécial Dispateh to The Star. NEW YORK, February 6.—Recon- sideration of the eastern Luropean, situation, with the possibility that this, after all, may be adjusted so as to avold war, helped the foreign group of bonds today, which were all stronger and in some cases showed an appreciation of from 8 to nearly 10 points over the low prices of Jast week. The market values of listed foreign bonds have appreciated nearly $50.000.000 in the past six days. Our own government's were weak- er, as the buying, which forced them up nearly a point, suddenly seeméd {to have disappeared. Tne fourth 4%s {were about half a point lower than Monday's best price, The sentiment respecting all rail- road securities has gone from indif- ference to guite pronounced enthusi- asm in some cases. Obviously the brilllant earnings for December and the promise of equally good ones for January could not help in the end but influence Investors. The same sort of good is_cvidenced in_stocks like cific, Atehison, orn Pi high the m return ng that on Pa- . North- y and Le- bond issues, which s much 48 do stocks and if e to Ko on as they have been the equities behind these bonds will enlarge. The number of new issues today was larger than for a week or more, total- ing about $35,000,000. e 'RAILROAD IS ALLOWED ~ TOBUILD EXTENGION | {I. C. C. Reverses Recommendations { of Examiners, Who Conducted. | Special Inquiry. ' | } o {tios i of the Tennessee, Alabama and [Ervron B Recaived by Private Wire o mxcmanes | Direct te The Star Office. For Revised Close of Bond Market see 5:30 Edition of The Evening Star. UNITID. STATES BONDS, (81,000, High. Low. Liberty 3%s. . 120 10164 10146 Liberty 1st ds. 100 #8854 5860 Liberty 24 4%9., 906 0880 9850 Liberty 34 43(s.. 128 9000 9883 Liberty 4th 41{s. 1126 089( 9858 Victory 4% s. 10024 10022 US44s1953.... 168 10000 9996 FOREIGN. Sales . High. Low. Close. 01% 101% 101% 8% 8% 86% %A Close. 10164 9368 9856 2086 9860 10034 2096 Belgium 7% Belgium 6 Chile 88 194 Chile 851941, Chinese Govt Ry & Christiania 8 Copenhagen 5% Cuba 5%s w i Czechoslovakis Denmark Denmark Dutch East I 68 °47.. 2 Dutch East I 6s°63. . 20 Framerican I D 7%s. 21 French Govt 8s French Govt 7% Haltl 6s ctfs. . Holland-Amer s f 8s. Japanese 2d 4% Japanese Jergens U Lyons 68 Marseilles 6s. Mexico 4s. ... Montevideo 7s. Netherlands 6s. . Queensland 6s Rio de Jan 85 1946, Rio de Jan 8s 1947 Sao Paulo, City, 8s. Sao Paulo, State, §s. . Selne, Dept of, 7: Serbs Crotes Slov Solssons 6s. 3 Sweden 6s. Swiss Confed s f 88 ‘Tokio 5s. . Ud Kingdom 5148°29. 80 Ud Kingdom 5%s'37. 79 Uruguay 8s 1946, 7 MISCELLANEOUS. Am Agri Chem 7%s.. 5 1037 Am Smelt & R 1st 5t ol RAcalecctiBosc AmT& Tl trds , {Georgia railroad for permission to!Anaconda cvd truct o thirty-six-mile extension | Anaconda Ist fof line from Gadsden, l0denville, Ala.. the Interstate merce Commission reversed mendations made by {conducted a preliminary Ala., ig;.w the corporation the desired au- hority to proceed immediately with {the constru Tts presentations fwood and oth I xional spokes: consid of v sputhern on who int Under- ronETeS- n's de- it and the Tennessee might be er sent line at istruction. By route to Odenville the railroad would establish a connection with the Sea- that Alabama recom- | e e examiners who | Bethlehem Steel rf 63 inquiry and ! Beth'em Steel p m Gs. | to | Armour & Co 4148 Com- | Atlantic Refining 5. . Bell Tele Pa 7s. Pa bs rcf Beth'em Steel s f 6. . Brier HIlI St 15t 558, Bklyn Edison 7sD... Bklyn Edison gen bs. e and | Bush Tm Bldg 55 '60. Central Leather 5 cried in | Cerro de Pasco §s rile Copper 6= Chile Coppe: ‘on Coul Md 18 bled to operate | Cuba Cane 8 a_profit with the | Dy Pont de extending its | o, 5 dison ref 8s. ... Dugquesne Light 743. board Air Line and would be in a|Duquesne Light 6: positicn bet to "handle through freight Birmingham and Chatta- caleulations of ie by held to b commission, trafc by the ess of the concerned ne for {it desirable that the opportunity SUGAR PRICES HIGHER. NEW YORK, February 6.—The raw sugar market was firmer and prices to raise the - con they money essary may were 1-16 cent higher to the basis of ; Lorlllard (P) bs. 3% for Cubas, cost and freight, equal for centrifu; et Raw sugar futures sympathy with the e in the spot madket. Pri idday v an {NY G E DIVIDEND INCREASED. NEW YORK. February New Qrleans, Texas and Mexico rail- road today increased dividend from per cent. ‘WOULD BUY PHONE LINE. The Pacific Telephone and Tele- graph Company petitioned the In- terstate CoOmmerce Coimmission today for authority to purchase for $185,000 the property of the Angeles Tele- telephone Port operates around state. | e FOREIGN EXCHANGE. - (Quotations furnished br W. B. Hibbs & Co.) February 6, 1923—11:45 a.m. i Nommal Seliing checlls service Angeles, in London, pound Montreal, doll Paris, franc. Brussels, A peseta.. | Vienna. crown { Budapest, crown. Prague, crown. Copenh Christiana, crown . S'ackhnlm! _crown. . U S Smelt & Ref. U & Steel. U § Steel pf. U 8 Tobacco Utah Copper- i Utah Securities anadlum Corp... 28 an Raalte. .. Va-Car Chemical. Va-Car Chem'l pt. Vivadou Wabash Wabash pf (A)... 2% Wells-Fargo Exp. 8 Westorn Elec pf.. 113% Western Md. 12% Western Md 3d... 2¢% Western Pacific.. 184 Western Pac pf... S0l Western Union. .. 1124 ‘Westhse Alr Brike. 110 Westhse Eles & M 62 Westhse 18t pf.... 7 Wheeling &L E.. 9% ‘Wheeling & LEpf 18 White Eagle Oll.. 28% 854, 36% 8% 365 107% J07% 107 107% L1204 120% 120 120 6% 6 Gl 6% % 6 " 17 1 38l % [13 61 2% 2% 2% 1% 17 7 10 3% L) us% 12% 24 1% 60 1 110 [ s 914 18 2% 2% 4% u% i W ok wh ey 29 .28 29 2% 2104 204 % B% By 7 @ e . % 9% sk 9% 9% 1% 8% 624 ¢ u 0% Wickwire Wilson Company. Willys-Overld. Willys-Overld pf. Wisconsin Cent’ m% “% 8% @ High. low. Last. Call Money....s - 4 HOURLY. SALES OF STOCKS. 1lsm..... @0100 1TM... 6030 ipm. 2. + 1276 400 | i © | Mexican Petrol 8: b | Midvale Steel b | its quarterly ! Pucific Gas & EI 6 1% per cent to 1% | Pac Tel & Tel b8 '63.. phone and Telegraph Company, which | Sou Por Rico Sug 7 : and | Stand Ol of Calif 7s. Washington | Tige Water Oil 633s.. | { North States Pow & 6.—The | Northwst Bell Tel 7s. t Cuba Sug 7% mpire F & G 1148. . Fisk Rubber 8s. ' Electric deb bs. the road’s rep- { Gen Refractories 6s.. over | Goodrich (B F) 6158. the | Goodyear Tire 8s°31. itizens of the ter- | Gosdyear Tire Ss'41. ruction, made | Humble Oil & R 5%. be’ given | Ind na Steel is Inter Mer Marine 6s. . Inter Paper lst 5 A. Inter Paper 1st 58 B. Julius Kayser s f 7s. . Kelly-Springfield 8s. . Lackawanna St ba ‘50 Magma Copper cv 7s. ianat] Sugar e f 738 Montana Power 5 Morris & Co 1st 4 8. NYFE ow York Tel 6 41. . ew York Tel 448, orth Am Edison 6 Otis Steel B onalERuSiSuanpuaalE-~tacaan Packard Motor 8s. Phila Co ref 6s A’ Producers & Ref 8s. . Public Bervic Sinclair Ofl Ts. Sin Crude Ol1 5 %s. Sinclair Pipe Line 6s. 26 Southern Bell Tel 5s. 108 10044 1071% [} 100 8% 6% 5% 99% 108% 103% 103% 107% 2% 8% 107% 108% 0% o6t 91% 110% 7% 100 104% 105 MY 95 101% 101 1004 il o4 8% 99'4 1064 1083 1031 107% nus 59 108% 108% [ 7% 92% 1104 7% 1004 Tobacco Prod s £ 7s.. Toledo Edison 1st 7s. United Drug cv 8s. U S Rubber 18t rf &: U S Rubber 7% USSteelsf5s...... Utah Power & Lt Gs. . Va-Car Chemical 7s. Va-Car Chem 7%s w. ‘Western Union 6%8. Wickwiro Spencer 7s. Wiison & Co 1st 68 Wilson & Co cv 7 %s. ‘Wilson & Co cv 6s. ‘Winchester Ams 7%8 ‘WILL SPEND $45,500,000. CHICAGO, February 6—The Illi- SaavaSom 8% 9 18 i 3 9 1 0% i noise Central railroad is planning ex- penditures. for the current vear on equipment and improvements of $45,- 500,000. The expansion program, ac- ¢ 1ing to officials of the road, will cail for new equipment costing $18,- 500,000 and roadway improvements costing $27.000,000. Orders are bein placed for the equipment now, an the construction work will be under- taken without delay. The actlon of the road is taken as a further indi- cation that 1923 is to be an unusually heavy one in point of expenditures for rail equipment. PUSH STEEL PURCHASE. YOUNGSTOWN, Ohlo. February 6. —Twenty-year debenture notes will be sold by the Youngstown Sheet and Tube Company to finance its pur- chase of the Steel and Tube Company of America, it was announced here. It is expected between $30,000,000 and $35,000,000 of the notes will be offered. VISIBLE GRAIN SUPPL NEW YORK, February 6.—The vis. ible supply of American grains shows the following changes: Wheat in- creased 1,271,000 bushels, corn in- creased 964,000 bushels, oats decreased 142,000 bushels, rye incrcased 572,000 bushels, barley decreased 119,000. NEW, YORK DAIRY PRICES. NEW YORK, February 6.—Butter, firm; receipts, 12,454 tubs; creamery, higher than extras, 4§1¢a49; cream- ery extras, 6 to 9 score, 48; cream- ery firsts, 89a91; score, 4842473 Eggs—Steady; receipts, 1,801 cases: Pacific coast whites, extras, 43%ads. Cheesc—Steady: _ receipts, 344,583 pounds. RAILROADS. . High. Low, Close. 83% 8% a% 0% % 9 100% 8 8% 5% Atchison gen Atchison ad) « 1 AtlanticC L 1st 45.. 838 AtlanticCLcol ds.. ¢ OSWdly3ys.. 41 B & O Toledo /v 4 Bklyn R T 4s 2002 Bklyn R T 68. . BKlyn R T 55 ctfs, BklynR T 7s°21.... 12 Bklyn R T 78 *31 otfs. 67 BKIRT 7’21 ctsta., 2 Buff R & Pitts 4%s. 12 Canadian North 7s. .. 25 Canadlan North 8%s. & Canadian Pacdeb 4s. 5 Central Pacific4s. ... 16 Ches & Ohio cv Ches & Onlocv 4% Ches & Ohio gn 4%s. Chi & Alton 3s 1949 Chi & Alton 3%s. ... 67 ChiB&Qgn 48 1958. 19 ChiB& Q 1st rf 6 Chl & East 11l gn 61 Chi Great West 4: CM & Pug Sound 8 Chi M &5t Prf 4 4s.. 51 ChiM&BtPcvbs... 18 ChIM&StP 481925, 39 ChiM &St Pov 434s. 143 cnt x:gu;unu. 19 it 4%s. ChiaNW e CCC&StLrtésA Cleveland Term 5 Colo & Southern 4% Del & Hud 1st & rf 4s 15 Den & Rio G con 2 Den& R G 1st rf 6s Detroit United 4 3; Erle 1st con 4 Erie con ext 7s. Erfegen 4s. Erleconv4sA.. Erleconv4sD. . % | Gr Trunk s £ deb 6s. . Grand Trunk 7s Great North gen 7s. . Great North gen 5 % Green B & W deb B. Havana ERL& P 68 Hudson & Man ref bs. 11l Central 5 %s Inter Rap Transit Gs. Inter R Transit 7, Int & Gr Nor aj 6s. Towa Central ref 4s Kansas City Ft S 4s.. Kansas City Sou 3s. Kansas City Sou 5. . Kansas City Term 4s. Lake Shore 48 1928. ., Lake Shore 48 1931. . Lehigh Val cn 45 2002 Lehigh Valley 6s Louis & N unifled Louis & Nash 7s. Louis & Nash 5%4s. .. Manhattan Ry ¢n 4s. Market St Ry cn 58 il EI Ry & L 1st 6s. M& St Liref ext o8 M & St L 1st ref ¢s. MStP&SSM6k%s. MK & T 1st 48 MK & Tprin 5 MK&TosC MK & Tadjbs | Mo Pacific gn 4 Buomwuiae N2 SZeanl N O Tex & Mex inc 62 16 N Y Central deb { N ¥ Central deb 4 N Y Centralriss,... T N Y Cent L Ceclt 3145 New Haven cv deb 6s. New Haven deb 45 67 'w Haven 7s. ew Haven 7s francs. INYStateRy 43 | cn Norfolk & West cv @s Northera Pacific 31 { Northern Pacific 4 North Pac ref im 6 Northern Pacific bs. . Ore Short Licn 58 '46. Ore Short L ref 4s. Ore-Wash 1st ref 4 Pennsylvania gen ba. Pennsyl gen 4%s. ... Pennsylvania 6%s Pennsylvania gold 7 Penneyl con 4 1s. Pc ia & East inc4s Reading gen 4. ..... Rio Grande W clt 48 RIArk&L4%s.. IStLIM&S 4929, ., StL&SFprindsA, StL&SFprinbs BtL&SFincée StL&SF5%sD. StL &8 Fadj6s StL&BSFprin BtL S W 1st 4s. Beaboard A L adj 5s. Seaboard A L con és. Bou Pacificcv 4s. Sou Pacific ref ¢s Bou! Southern Ry gen 4s.. 7; Southern Ry dev 6%s Third Ave ref 4 Third Ave ad) bs. Union Pacific 1st 4 Un Pacific 1st ref 4, Unlon Pacific cv 64.. Virginia Ry 18t §s.... ‘Wabash 1st &s. ‘Western Maryland 48 Western Pacific 6s. West Shore 1st 4: Wheel & L K con Wisconsin Ct gen 4s. 85% 6% 8% 654 82'% 1% & 1 TOTAL SALES (Par Value): 1lam... 41600 .12n00n.. 6733000 ——— CLAIM BANDIT SUSPECT. Cincinnati Police Say Texas Pris- oner Took Part in $5,000 Robbery. AUSTIN, Tex.. February 6.—Wil- liam Lubn of the Cincinnati pol has taken into custody George Gal- lagher, held by the police for alleged participation in a $5.000 pawn shop robrery in Cincinnati. Gallagher has walved extradition and will be re- turned to Cincinnati immediately, Luhn said. Austin police were mnotificd Long- view, Tex., authorites are holding a man ‘believed to be Frank Klayman, alleged to have taken part in the robbery. Klayman, according to Gal- lagher, was killed in Colorado five months ago. Luhn said he would go to Longview and investigate, STEEL PRICES HIGHER. NEW YORK, February 6.—Further reflection of the firm demand for steel and steel products was seen yesterday in the announcement of price ad- vances on certain classifications of _| steel products by the United State: Merchants ~steel | Steel Corporation. pipe has been marked up 34 a ton and line pipe and oil country goods $6 a ton, effective February 3. This move- ment is in line with advaaces an- nounced on February 1 by the in- dependents. WORKERS GET $1,100,000. SCHENECTADY, February 6.—The General Electric Company today paid approximately $1,100,000 in supple- mentary compensation to the employ- es of its plants who have been with the company for five years or more. That sum represents 5 per cent of the earnings of those employes for "the six months ending December $1. { Turnips, Live Stock WHOLESALE MARKET. Cold weather put a little life in the meat market. Prices were practically the samo as those of a week &go. The latter part of last week lambs dropped to 22 cents, but teday the market is back to 25 and 27 cents. The cold weather lessened receipts of poultry this morning. Receipts were about equal to the demand, how- ever, and no material advance in prices were reported. “When flakes come down, prices go up,” was said of the egg market this morning. Egg prices have advanced since last week, today’s prices ranging from 43 to 48 cents. No change was reported in butter prices, although there was an advance of 14 cent in New York. The cheese market is holding its own. Lggs—Strictly fresh, selected candled. per dozen, 3 average receipts, 36; southern, 35. Cold storage eggs, 27. Live poultry—Roosters. per 1b.. 15: per 1b., 33a35; spring chic " 1b., 33235; keats, young, each, 6u. fowls, each, 25a: Dressed poultry—Fresh-killed spring chickens, per Ib., ; hens, per lb., ifiuao;‘hmouem, per 1b., 17a18] turke)"'- or Tb., 40a45:" keg . each, Foaso. ad; keats, young Live stock—Calv: 14; medium, per Ib. %; thin, per Ib, 629. Lambs, choice, per lb. 13; 3.00a8,00 each; live hogs, cholce, per 1b. .0026.00; Florida, 4.00a5.00, per box, 5.00a7.00, Grapefruit, 3.008 Tangerines, 3.50a4.50. Vegetables—Potatoes, per bbl, No. {1 150a2.00; per sack, 2.00a2.25; No. %, 00a100.° Sweet potatoes, North Carolina, 75a1.50; nearby, L crate, southers, Romaine lettuce, per cra *eberg lettuce, per ¢ .00, Cabbage, northern, 2.00a2.50 per .‘”;0 o ge, nortl o 1.50a2.50; southern, 3.00a3.50 per basket. Eggplants, per crate, 2.50a5.00. Toma- toes, per box, Florida, 2.560a5.00. Beans, 2.00a4.00 per basket. Peas, 3.00a5.00 per basket. Peppers, per crate, Florida, 3.00a4.00. Kale, per barrel, 1.50a2.00. Spinach, per barrel, 2.00a3.00. _Celery, crate. Florida, 2.50a3.50. Brussels 0a sprouts. 30. Squash, 0. GRAIN AND PROVISIONS. BALTIMORE, February 6 (Special). —Potatoes, white, 100 pounds, i0a 1 1350 pounds, %0a2 barrel, 1.25a2.00; bushel, 50a65; barrel, 1.5022.00; bushel, 50 bushel. Beets, bushel, 85. Brussels sprouts, quart, 20a: Cabbage., a5.00. Sav bushel, 1.00al 25, Carrots, basket, 50 a60. Caulifiower, crate, 1.50a Celery, crate, 1.75a2. Cucumbe 4.00a8.00. Liggplants, crate. 4.00u6.00. Horseradish, bushel, 3.00a3.50. Kal, barrel, 1.25a1.50. Lettuce, basket a3.00. ~ Onions, 100_poun 1.50a Ovster plants, 5.00a7. bushel, 1.40a1.50, a4.50. Pepper ch, bushel, Apple bushel a1.90: barrel, .002.4.00 Barrel, 100 basket, 5.0012.00. Oranges, box Strawberri art, 25ad nes. one-half strap, 2.00. Wheat—No. 1 red winter, quotations; No. 2 red winter, 1.361y; No. 3 red winter. quotations: No, red w Heky, 1.36%: No. 3 red lie Cranberries, Grapefruit, box. Corn—Cob corn, new, 1 per barrel; contract. pof. bushel: No. 2 corn, spot, 81 no quotations: track corn, ew or better, 87 per bushel: nl None. . Oats—White, No. 2, 54 per bushel; arby, 85a95 per bushel:; No. {2 Westarn export, spot, 89 per bushel; No. 3, no quotations. Hay—Receipts, 50 tons: for the bet- ter descriptions of timothy and light ther c demand under Lim- a range of 17.00 to taugled wheat, 11.00a12. 12.00a13.00, raw 1 nom 102 oat TODAY'S CHICAGO PRICES, CHICAGO, February 6.—With indi- cations at hand that at Britain and_ Turkey might reach a peaceful settlement of differences, the wheat market averaged a little lower in price today during the early deal- ings. In this connection bulls werc handleapped by the fact that values at Liverpool appeared to be inresponsive to vesterday's advance he An inere v the United States visible supply total constityted a farther e of weakness. The ypening. which ranged from % to 1. At lower with May. 11912 to 1195, and July, 1135 to 113%, was followed by a slight rally and then by a de- cline lower than before. Corn_ and oats were easier with wheat, despite unfavorable advices regarding the Argentine corn crop. After opening unchanged to % cent off, May, 75% to 6%, the corn mar- Jet underwent an additional sag. Oats started_ unchanged to 1 cent lower, May, 451 to 46%. Later all months showed some setback. ‘Higher quotations on hogs gave & lift to the provision market. WHEAT— Open, High Low. May Th05 1.20 Juix 1185 14 Beptember ....0 110% 111% CoRN Close. I tember ... SPORK Nominal LARD- s . 1140 Jul i May 11,50 10.90 Shlel u 1097 DAIRY PRODUCTS. February 6 (Special). . turkeys, pound, 37 30a32; poor and crooked voung chickens. 28a30; a leghorns, 20a28; old hens mall and leghorns. sucks, geese, s pair, 3 Buined owl, each, 35a60. Dressed poultry forkeya pound, 38a43: old toms, 30 32; poor and erocked breasts. ng chickens, 28a29; old and mixe: old _roosters, 16: ducks, 26a 20; Geese, 20a25; capons, {diom, 33a34: small slips, s 1 Poultry ad4; old toms, breasts, 2 e, 33. adl: print 46a49; Jadl prints, 35a36; process butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, February 6 (C. §. Depart- | ment of Agripulture).—Hogs—Re- Ceipts, 40,000 head: 5 to 10 higher: DUk, 150 to 200 pound averages, 8.50a 18.80; top, 8.85: bulk, 210 to 230 pound butcners, 8.40a8.50; bk, 2.60 to 300 pound butchers, 8.20a8.30; weighty | Packing sows, mostly, 8.00a8.35; desir- 5 to 1i5 pound pigs, 7.30a8.00: eight hogs. 8.15a8.35; medium, a8.75; light, 8.55a8.85; light lights, 50a8.80° packing sows, smooth, 7.25a 60: packing sows, rough. 7.00a730; ling pigs, 7.50a8.60. K P Receipts, 16,000 head: beef steers, uneven, slow; generally weak to 25 lower; mostly 15c oft: killing qual- fty. ood early top matured steers, | 16003 hela higher: bulk of beef steers; 5029.75: better grades, canners and . bulls, steady to weak; veal strong to 25¢ higher; mostly up o; stockers and feeders, steady to rong; bulk, desirable veal calves to packers, 11.00a11.50; cholce Kind, up- Mard. to 12.50 and above, to shippers; bulk bologna, bulls, around 4.50; light Kinds, 4.1584.25; bulk, stockers and feeders, 6.50a ‘Sheep—Receipts, 18,000 head; open- ing slow; early sales, generally stead: undertone weak; early top fat lamb 15.50 to city butchers: 15.25 to pac ers; two loads choice 85-pound fed Yearling wethers, 13.50; desirable 115- Dound ewes, 8.25; feeding and shearing Tambs, largely, 15.00 to 15.50. Grain, Produce and, _{alty for the lease of the land " {driliing within the wheat | native and nearby } WOULD END PROBES BY:TRADE BOARD Some Firms Oppose Merger Inquiries — Commission i Has Strong Support. BY J. C. ROYLE. Special Dispateh to The Star, NEW YORK, February 6.—It became apparent today that the tendency in business and industrial circles towara mergers and consolidations, which has been a featurs of the last few monthe, has lost it momentum at least tempo- rarily. This is attributed at least ir some quarters to recently renewed attacks on the Federal Trade Commis slon and campalgns designed to cur- tail governmental supervision and control of business. Some concerns, it was said by thoss in close touch with the situation, hope that the powers of the commission might be restricted, if not abrogate ! entirely, Other business organization: through their legal representatives expressed concern as to the effect of their plans, it any change should be made, Board Has Fine Support. Men, however, who have be ha closest possible touch with the com mission and with legislative matters essed the firm belief today tha Wwas no possibility that the powers of the commission would lessened. They ited out that v was littie possibility of any cong sional action prior to the adjournme: of Congress, less than a month fr today, ‘and that the make-up of th. next Cougress would assure eve firmer support to the commission tha it enjoys at present, Two "former members of the con mission Who now have retired fror that body were emphatic in declarine that any disorganization to busines {resulting’ from either hope or f change So far as the commission v concerned was unwarranted. J Garland Pollard, former membe the commission, declared attacks the commission would be without r« sult. and William B. Colver, form: chairman of the board, stated that, i his opinion. 1o plan to curb tho com , |mission’s present powers or to repes the act under which it functions coul.i succeed Higher Gas Predicted. The advances in the price of gas: line which have already appeared 1 many sections of the country are ex pected to spread still more widely an the improvement,in the crude oil sit uation is causing greater activity in the oil flelds. California state off cials. headed 'Ly Mrs. Nellle Brewe Piercc, head of the division o finances, are considering whether th- site of ‘the state insane lum a Norfolk shall be leased for ofl pu Doses. The property consists of S res in the heart of the Santa F Sprin, 1 district.andsit is reported the atate already has been offere 31,000 an acre and a one-fourth roy This property cost the state $10 an acre Long Beach and other Californit cities are deriving huge rovalt from the leasing of municipal lands to oil companies and an cffort is being c to rescind a Los Angeles city ordinance which prohibits further city Timits Fancy Worateds Popular. The fancy worsted offerings of 1ha American Woolen Company are un derstood to have met with a heart welcome among the buyers, and arders now pouring in are expected to dis pose of all the large company de sires to sell at present prices, which are well above those of a year ago. There is evidence that some buyerm have placed orders for textiles recently in far greater volume than their needs required in expectation that these or- ders would be scaled down or that ad- vancing prices would give them a profi’ from resales later. Manufacturers of! ove garments notifying their customers that price advances =hortly must follow the present upward move in raw mate- rials and advising them to make their purchases now. Straw manufacturers here have been heavily booked for spring and summer deliveries and stated today style trends appeared to be changed. Surprising Demand for Steel Develops s and work Speciai Diapate PITTSBUR Fific” is the | manager of « large steel pro- ducers to describe the demand for cer ttain liney of stecl. Indications ¢ {higher prices for various products have brought a flood of orders to the mills and furnaces. Production, now at an average of 85 per cent. would br increased if labor were available. Advances in crude oil are stimulat- ing plans for feld work and adding to the volume of inquiries for pipe and tubes. Pipe has advanced and the de- mand continues heavy. The Connells- ville reglon is setting up new records for coke production with more than 255,000 tons last week. Freezing Temperatures Cause Damage to Fruit Special Dispatch to The Star. HOUSTON, Tex.. February 6. Freezing temperatures which hayv just swept over this state have done considerable damage to fruit and truck farms, but are believed to have benefited cotton materially. The colt weather, 1t {s said, killed off the hiber- nating boll weevils in many districts Cotton men also regard the big freeze as of benefit in mellowing the ground and giving further moisture. Official announcement of the organ- ization of the Texas City Sugar R fining Company has been made, and , construction of the refinery, whic will have an initial capacity of 1,000,000 pounds of Cuban sugar a d;u will be started this month. (Copyright. 1923.) WELLS FARGO VOTES §20 GASH DIVIDE By the Associated Iress NEW YORK, February 6.—Directdrs 4 Fargo & Co. today decla h liquidation dividend, pav oon after March 5 as D sible, from proceeds of the sale government bonds carried on the b§l ance sheets at the close of 1921 The dividend will redd 1 stock to approximaty PLAN LARGER PLANT. DETROIT, February 6.—Fred Fisher of Detroit, president of Fisher Body Corporation, announ. here plans for erection by the } tional Plate Glass Company, a s sidiary of the corporation, of adfi tions to its plant at-Ottawa, Tll.. co| ing in excess of $5,000,000, and bri ing output of the concern to m than 30,000,000 square feet of polish plate glass'annuall BAR SILVER QUOTATIONS. NDON, February 6.—Bar silver pence per ounce. Money. 1% per Discount rates. short bills 6 per cent: three-month bills % per cent. YORK, February 6.—Forei bar silver, 64%; Mexican dollars, 45° SUSPENDED FROM CURB. NEW YORK, February 6. —Owing (o4t failure to meat engagements Samue A. O'Brien and William P. Klumpp to- day were suspended from the New York Curb Market Association. 29-1