Evening Star Newspaper, February 11, 1923, Page 27

'HE SUNDAY STAR, WASHINGTON D. 0, 11 exd which noints t for was ady net pwer, mont COTTON CLOSES STEADY IN SATURDAY TRADING Depart June, an’ iuactive wuoted 24 points higher. Washington advic « by, the Department ment of Commerce Reports ! timating the world' American cotton for or! : at on World's Consumption of of all said to ind sumption_of 5 gainst American Qutput. 6.621.0 NEW YORK Advicos fuiled buying in the cotton the week end s the contracts Offfrom nd closed wt 282wt Americs Private were dumestic mill co bales for Janua year lis) neral | t tod foliowed May 1o 28,2 zeneral ehruary o inxpind st !Stocks. Bonds, Commodities and Exchange Rates Show Progress During Week. S were In Austr: ized 100,000 strong for the putting a stop to f lia the women have o purpo the soldl it 'OUTLOOK APPEARS BRIGHT Austria Improves Currency—Ac- tion Taken to Help German Mark. Russia Obtains Credits. Buy a | Factory Rebuilt BY BYRON SELLER. ateh 1o The Star. ORK. Febru ommodities exchange we: ocks, while oo, advanced this : quite violent up- foreign govern- issues as the situation went from a state and uncertainty and to apparent settle- You will be surprised when you see our factory-re- buiit typewriters—thoroughly overhauled and renewed. ey look 1 new and act hike new. Call us on the phone, ) L. C. Smith & Bros. Typewriter Co. Mills Bldg., Pa. Ave., 17th and G Sts. N. W. Washington, D. C. Phone Main 411. of There movements nd municipal rates week waurd ment e in P Turkish ot then ain 411, or drop in our office. conrusion back again ment Liberty bonds Lad a two-day spurt which carried the fourth 4Ks, the most popular of the group, nearly 1y points b ous wee {intimation | | this bec Great Britain, her plans to meet the nd_interest of her debt to ted States, would purchase ¥s from time to time and pre- | them in payment, gaining by the operation when she was able to make purchases at a discount Hetter Tone in Bon Corporation bonds were influenced in somie instances by earnings which re- stored confldence in them, as in the case of junior mortgages of railroads in none too goud credit, and in others, where v appeared to be out of line both as , price_and yield with shnilur secur- There always a phase of speculation stocks during which and th: in honds of the quickly fluctuating type { innin This has the recent period. had un average of in for their appencd during stocks have over 3 points iz an evid of improving in- strial conditig and of strong o nee in domestic surroundings that arities, since the Ist of Febguary, e shown gains. For there has been ny of oceas for discourag nt'in the du cws from Burope with no solution apparent for a sit- uation thut constuntly became more {complex nee penetrated further into industrial Germany and Turkey excited the worst passions of the D erment 4 is neither logis in the things will mend"” Iy faith us over the worst of the trouble. Austria lmproves Curremcy. Austria las indeed begun rove her currency situation a: apparent s were taken this week creation of limitless bil- !lions of German miarks, momentum is o great ton may Dbe overridden. Week week some new evidence is given of onfidence in Russia’s recovery by the cing of moderate credits at the disposal of her traders or merchants and the making of business connec tions in Russia by men with shrewd banking training. . Tt would not require such intricate processes of reconstruction as per- Nips we are led to believe if only Slart could be made in wome fallo Soil. For this reason the acceptanc by Great Britain of the debt-funding and_the probability that Con- will support the debt com- missioners and agree to their pro- posals has encouraged more hope for urope than any single plan since the armistice. President Harding, in his message o Congress. proclaimed the under- taking as @ convenient plece of re- cuperation” and the debt commission, of which Secretary Mellon is chairs man. regards the settlement and jadoption as “a most important con- { tribution to international stability.” : Itixe in Commodities. The rise commoditfes i= one Jiase of the secondary inflation tak- ing place. This week there have Leen further advances in iron and steel products, in crude ofl, and in sugar. Copper metal Is about as high t hias been for several years. Em- yment neies ) check the s A SIGK, GAOSS GHILD NEEDS "CALIFORNIA FIG SYRUP” Move Child's Bowels_‘with this Harmless Laxative—Children Love Its Taste MOTHER! Milli thers keep “Califor- nia Fig handy. They know a_ teaspoonful today may save u child tomorrow It never 1t vour child is constipated, full | ot cold, has collc, or if the stomach 18 sour, breath bad. tongue coated, & teaspoonful of “Culifornia Fig Syrup” will never fail to open the | bowels. In a few hours you can see for yourself how thorough it works the constipation poison, sour bile and waste right out and vou have a well, playful child s 3 in i i report rth of clerical labor, steadily ri wages for such 1t this respect ons prevailing in 1919-1920. form labor wages are reported s Jower, * Luxury buving., which gave retail or bibies ot printed must & © an imitation fi on SAY “BAYER” when you buy. Insist! When you see the “Bayer Cross” on tablets, you are getting the genuine Bayer product prescribed by phy- sicians over 23 years and proved safe by millions for Colds Headache - Toothache Rheumatism Neuritis Lumbago Neuralgia Pain, Pain Accept only ‘‘Bayer’” package which contains proper directions. Handy “Bayer” boxes of 12 tablets—Also boltles of 24 and 100—Druggists. Aspirin is the trade mark of Bayer Manufacture of Monoaceticacidester of Salicylicacid IN WORLD FINANCE ond the lcvel of the previ- | stores tho largest Christmas trad they have ever enjoyed, has dimi ished only in xeasonal degree sinc the holidays. With of nearl with & savings department is that de Posits have o prohibition credit for not a little of this thrift. L bounuok Appears Brighter. «abor iy scarce and the proposed chango In the immigration Thws wil not assist those who feel the ne larger supplies of labor, We are in of our ford to grant very liberal terms tc our debtors and take many chances than we have so far willing to negotiate in behalf ers who may now seem poor risks i business, but who eventually m ©ome most profitable custome: Time money ra t the end week showed greater firn were asking as high as accommodations, the federul reserve of ratio 7 weelk, but with nearl i veas *h b | percent las The New York banks, however, a ratio of 1 per cent above tha Year ago. A great de Uficance has been attached to S tary Mellon's statement this that we were wow entering a period of easy money, and if this is 0:" by events, higher prices for al fixed term s tics, including ferved stock: 1o be expected. (Copyright, 1923.) u { CALLS PEAK HERE Schwab Says Without More Labor. By the Ausociated Press W YORK, Febry chwal, vy .\l: chairman of of the Bethlehem Steel {salling on the Olympic today for |fve-week tour o England. . 1 und German decl. d that B steel production had reaclied peak, and il the labor shortage eradicated and railroud materially improved the Corporation N Loard nce had he i | his will be 1 solution present indust difficultie Mr. Schwab irst birthday { aboard ship. “That will mark thi | business for me." ho sai {been a happy thirty-thres ve out one untoward incident { time."* He with wdded Yrance tions our will spend ersars, ¥ his the expressed the British he hoped on the 1 n debt an would —_— | Yellow ! Feature of Week 1. XBEW market through the ing substantial ad Were under pressu stantial losses, zenerally strong £roup being Glen Ald {made a gain of over o i Fleischmaun ! trom 333, to 4 being based c for having the New York anze National Supply was anotiier stror { feature, ranging trom to 62 odyear Tirs we 1 by the strengin generally and by increased outpu vancing from 10% to 111 preferred moving up from above Stutz Motor, af at 2313, vielded to 18. There ‘was a special movement in Yellow Taxi Cab of New York, which was admitted to trading Mondiy, firs selling at 100 and then advancing 135, but the movement halted i jterday’s trading when only a transactions were made. Curtis Ae preferred attracted attention, advane ng from 20% to CLEARING HOUSE REPORT. NEW YORK 10.—T} jweekly elearing hous temen ishowed a decreuse of $36,360,000 i {loans, discounts and investments and n inerease of $£13.408.000 in tl T iserve of members of the Federal Re serve Bank et demand deposit ldecreased $1,666.000. Aggregate re ances while othe and showed sub, The industrials were a ture in tha Coal, which points to above IMpuny ranged 57, tie movemen Hsted on influen. indust Beav on und S1g se the tire reports of the com o % te February jserve totaled $538.640,000, leaving an 'excess reserve of $12,913.060, jagainst a deficit in reserve of 1110 last week. —_— “He's thinking of becoming s actor: “Why has he?" a friend has just dled and | m a fur-lined overcoat."—Lon Open, New Home 3512 New Hampshire Ave. N.W. Close to 14th & Park R Beautiful two-story home of 7 rooms (4 bedrooms and heated sleeping porch), h.-w.h. and electricity; room for garage John Quinn Co. 704 13th N.W. Main 435, Connecticut Avenue Overlooking Bridge New building. fire- proof,modernequipped, it all the story y every savings bank or bank increused since January and that while wage earners are {Spending freely they are also saving. should be given the d of deed u fortunate nation and because £00d fortune we can well af- £ oth- ¢ he- of the | Banks ver cent for nis is I spite of per cent, compared with 76 percent last 1 of sig- re- weelk borne pre- IN STEEL QUTPUT Production Cannot Be Further Enlarged Charles |} Ameri- its ould not be enlarged un- ditions :CURB TRADING IRREGULAR ngements the the * TOLAGIN PRODUTION he hasn’t any qualifications, | 1 FEBRUARY 11, 1923—PART 1. o o more bee 0 New York bankers. according 1o ad- vices, are fully in accord with Sec tary Mellon's views that the business outlook for the coming spring is very 800d. Most buukers believe that the present “easy-money period” will con- tinue for several months, and, even with considerable cxpansion in busi- ness and loans, expect comforiable money and credit conditions for the greater part of the year. From this it follows that there can rdly be any 1iklihood of federal re. rve bunks increusing the discount rates for many months The undertone of the money market is much firmer, a nd out-of- town money offer for ! moncy rate nears e supply Is ‘as proaches 4 per : nt. The flood of of- | ferings of outside money during the week steadily re- d the call rate from 4% per cent to 4 per cent, but its rebound to 4 cent indicated the recail of sup- t { | i d 1 Money for Bosiness Needs. H The banking power of the | is %o strong, however, and the ligu on of louns 8o mieat that there should be vo difficulty in taking ca of all legitimate demiands of busines: At the same time the surplus for the investment market promiszes to keep up. An inieresting feature of the nres- ent investnient market 8 the ines “@mount of European money tly ab n_l'h'd here, French part of this portant ement is prac d French | countr | stan al i st tically confined Lo ¢ apital Position banks sy {expa depost Habilities 1! i combined avorably for tio of total reserve federal reserve hined stood at 17 businuse Februar of 1 per cent from | and cor s with | veur It is 2.4 peak of Augu renort shows s re 2,000,000 in discounts s Nited St governm punts larg tirements. They and e only the erve siness 0 weel cent a Lanks <how £4.894,000 chiefly e Nemours' Report. nt in industrial i dus ilubly ends. mall surplus for the vear “The leaving « compar Taxi Cab's 35 Point Jump The company wased during the year per cent ten held Ly the rounted to § hold j tors common st In discuesin, tion which has the British peopls to approximately $100 pita, certa ere par larly emph Eritish d commission the drast | steps which Lad been t the Britlsh hudget | v Pleasure ieneral ‘Mo- | asa- | upon per the burden of t Veen imposed amounting t ¢ the | ¥or in Hiicle per vehi The (HIGHER OIL PRICES LAID buver of a pint of beer pays 5 | ) t | i Dearth of New Wells Also Vital Factor—Huge Quantities Now in Storage. 1 TULSA, Okla., Febr ure of production to kecp pitc the demand, caused by lack Ither development of producing ter- | ritory and reported salt water in| Mexican wells, was said by oil men | I here today to have been responsi- ble for the 10-cent increase in the £ mideontinent crude oil an- yunced by the Prairic Ofl and Gas { Company The advancing -|to these sources out of storage xome f tities erude pe tin virtually all tields harrels of oil said t kept in stor: i Louisiana. Texas, ming and other until prices prevail While the present demand is said to be greater than the supply. it is {claimed that if sales were equal to production and storage was curtailed {there would he an abundance of for all demand LIVE STOCK MARKETS. BALTIMORE, d.. February 10 (Spe- [ cial).—The general live cattie market Fules steady under ample receipts at the stock vards. but light on the {wharves, and ostly of ordinar ‘tock. Demand good for choice, light- welght lambs, of which there is no surplus in daily receipts, Quotations today_at Light harf: Beefl ttle, fl V. to 9: medium, per 1b.. fiy'n< K to quality, per 1 3 to 5. Cows, choice to fancy, per ib., 4 to 5; common to fair, per b., 2 to 3. Oxen, as to qual- H to 5. Milk cows. per head, 50.00 to r, per head, 30 00 Calves, veal, choice, per 1b.. 13; ordinary to mediuin, per Ib. 11 to'} 12; heavy., smooth, m. per lh‘.l.) Hl :g 11; rough, common, thin, per 1b., 7 ! . old, cholce. pec Ib., 4 to 6 . per 1b., 3 to 4; common, per TLambs, spring, choice, per Ib., 14 to 1 fair good, per 1b, 12 to 13; common, thin, per 1b.. 9 to 10. Hogs, straight, per 1b., 9 to 916, Sowe, as to quality. per 1b. 6 to 8. Stags and Boars. per 1b., 4'to 5. Live pigs, as to size and quality, per 1b.. 2 to 16. Shoats, as to size and quality. per lb., 110 to 1 e with | of fur- | ceording d to brin f the vast quan- oleum now held Millions of have been continent Wyo Dhetter ma expect fields to 50.00. | #pirits the tax represents two-thirds | severe 12.00a4.00; veal calve | on business. On a journey for other Mr. Mellon’s Optimistic Views Commended by Many Bankers Easy Money Period Ahead—Abundant Funds for Business — British Taxes 8100 Per Capita~~Fewer Idle Ships. tax_and 7 cents for the al of 14 cents, as against 6 cent fore the war. On a glass of of the cost to the consumer. Sugar in England costs at retail about 11 cents a pound, of which approximate- Iy 50 per cent is in tax taken by the government. Both the beer tax and the sugar tax are thirteen or four- teen times what they were before the war, 2 Tobaceo, practically all of whidn is mported, carries an import duty of $2 per pound. Inheritanee taxes for direct inherit- e from parent to child run from 1 1t to over 40 per cent, depending upon the size of the estate. Heavy ad- able for indirect inheri The income tax bears especially upen moderate incomes. A single per- son, the whole of whose income s earn- pays in income tax (including supe applicable) ag follows $10.000 520,000 e B 5 Where the income is derived from stments the tax is at a higher The maximum rate of tax on shest incomes i3 about 54 per a comparison of the last » financial year and the last Completed year, the national taxation 2d of population is as follows: | 14. 5 pounds 112 shillings: 7 pounds 17.2 shillings, und pounds 1.2 500 the total b local ta above figures 2, respectively 5 pounds 1010 pounds 10 shillin, rden is thus ov To zot added 186 e fner nd to approxi- | Shilings and The post-war four times e pre-y More Engines Need Repair. riing to the American way Association, there were 1 “omotives in need of repair Ja or 24.9 per cent of the total Thia was an increase of 524 lccomotives since January 1. due to weather condition Locomotives needing repairs re- quiring mora than twenty-four hours totuled 14,177, an increuse of 590 since January 1, while those in neel of light repairs amounted to 1,986 cerense of sixty-six within the pericd Between January 1 and 15 1 ‘omotives were repaired and turn- out of the This was the | srgest number repuired during any monthly period s (the Start of the shop strike i exception of the pericd December to January 1. when this total was excceded bout 1,100 locomotive 1dle Ship Total Decreases. ~ world idle vessels declined 1.- 2,000 gruss 1ons i but Ship- pine Board laid-up fle sreased, ac- cording to Department of Commerce. | Dec i six months of { . com- the last world Ac uury 15 5 dine, I ~ tonnage wae compared witly uary 1. 1922, The greatest dccrense was shown FINANC] TAL. RANGE OF MARKET AVERAGES The following chart shows graphically th i sentative stocks dealt in on the New Y atook Beoiatee b covered is the past meuth, up to and inclu Friday, February 9. The lower sect. activity of the market. repre- The period of the market indicates the re York Stock Exchange. & the close om of the chart = NUA 12 1315 16 17"'1: Ié"mnnv 23 24 2 S F = 29720 3031 1 2 3 A 8 ERuE 2 [ e 0 2 2 £ ——SCALE FOR INDUSTRIALS ——— 2 ———— STIVY HOJ ITVIS e ) w & MILLION SHARES &y (Copyright, 1923, riale, 1922, .10.43, October 14 78.59, January 10 1022, . 93.99, September 11 {7343, January 9 Twenty Industri: Am Kugar Am Tel & Tel Anaconds Baldwin Loco Twenty Railroad Com Atchison € M & 8t Paul Baltimore & Ohio Del & Hudson Canadfan Pacifc Erfe Tilinois Central Central ‘us Am Locomotive Am Smelting Touis & Common K C Southern Leligh Vallcy N'Y Ceptral HUHS NOII by W. F. | Meyer) High Low February Janusr High |Low . Stocks Used Are: Rtep [rou & Steel ehuier February January 1 Leather toe) Ttab Coppe: Westingh: Western Cu mon Stocks Used Are: Northern Pacific Reading New Have Southern P Norfolk & Western Ronthern Rows Union Pac!fe Nash 3 Pennsyivania Movement of Averages: 1e. Friday §5.09 Saturdey S50 January January 18] Thursday 3 Friday Jaunary Saturday Taunary Tsnuury Janpary Janpary Jsuuary =, 4, 28, U. <511 5640 2043 Tuesday Wednesday ay ity .. 6-15-47 . 6-15-47 .. 11-15-42 . 6-15-47 1111542 . 91528 .. 10-15-3 5-20-23 1952 H! erty Liberty Liberty Liberty Libert E Liberty 3d 4%4s Liberty 4th 4%4s Victory 43s... United States 43s. ® Closing bid 100. 101. 101 100, Sules BOND: T,000—0. and P. Telephone 40,000—Ccl. Gas and Blec. 1si 17.000—Georgetown Gas Lt 17,000—Pot. Elee, Power 1st bs 000—Pot. Elec. Power cons. £.500—Pot. Klec, Power deb, £,000—Pot. Elec. Power gen 2,000—Wash., Balt. and Annap. T 5s 1e nheld 1,010,006 | uary J5e port idle sh : ared with T n gy, 1 and 1.961,00 Jan- sy 1, 1922 Tdle fleet of the United | States Shipping Board increased over 1,000 tons. Japanese and Greek ton- | ige al 1 idle | inaze ear. com AT with July bled advices from Litache in Berlin say t of employm negligible. by Britain, wi 1, 3953, mmercial 1 tonnage s 1935 ¢ vance: veal calves unevenly, 1.00a1.50 | higher, medium light vealérs reflect ing most gain; stockers and feeders steady to 50 lower, prime kinds show - | ng most 1 Week's bulk prices sllow: Beef steers, 8.0089.85; stock- ers and_ feeders, ; fat stock, 4.75a quners and eutters. | . 11.00a12.00. 1600 head, most- week ago clipped ki fed yearling 25 higher: Receipts, compared bs, steady shade lower; and fat sheep, nd shearing lambs, treme top fat lamb. p. 15.10 to shippers: able fat wooled lamb: : clipped kinds, 12, rling wethers, v weight ewes up to 8. feeding and shearing lamb: 13 Sheep— Iy direct wooled 1 weak wethers feeding NEW YORK, February 10.—Cattle __Receipts, 585 head: no trading Calve receipts., 600 head; . Yeals, 10.50a16.50; culls, §.00a10.00: little calves, 8.00a0.00; barnyard | calves, 5.00. = - | Sheep and lambs—Receipts, 2.640 head: | steady. Lambs, 12.50a16.00; sheep, 4. .50, Hogs—Receipts, 3,730 head: ight to medium weights, vy hogs, 8.7580.23: roughs, steady 9.0029.50. 00 INCOME TAX FACTS. No. 14. the ! Traveling expenses, including entire amount expended for meals and lodging while away from home, | are deductible items when the trip is | | i | than business purposes, railroad fares are personal expenses and the cost of meals and lodging are living expenses. Therefore, they are not deductible, I a salesman is not reimbursed by his employer for hie traveling ex penses, or if employed on a commis <ion basis with no expense allowance | his entire traveling expenses may he deducted from gross income. If he receives a salary and is repaid his travellng expenses, he should include in his return of gross incoms the amount of repayvment and may deduct such expenses, A salesman receiving a salary and an allowance for meals and lodging should include the allowance In gross income, from which may be deducted the cost of meals and lodging. Only such traveling expenses as are “reasonable and necessary in the con- duct of the business” may be deduct- ed. Examples are payments for the use of a sample room or the hire of vehicles in visiting customers. A taxpayer claiming such deductions | must attach to his income tax return 4 statment showing the nature of s Light gen. & tons | | Wash. ¢ A 400—Pot. Elec. Pow 2,000—Rigex Realty 1.0 (long) & Wardman Paric Hotel 6% STOCKS, ction “3—Washington (as. 731—Wash, Ry. and I 1.261—Wash. Ry, and Elec 18—Far. and 3. 10—Federal-American 30—Rizgs National Bank.. 61—Amer. Sec. and T 10—Continental Trust L—National Sav. and Trust 12—Union Trus P S—Wash. Loan and Trust 10—Merchants’ Bank and Tr. 0—East Wash, Sav. Bank. —Real Estata Title Tnsura —Mergenthaler Linotype 163—Lanston Monotype “4—Washinglon Market TNL These wecarities not 1 STOCK Trust RAW SUGAR PRICES SOAR 10 STILL HIGHER LEVELS Department of Commerce Report of 250,000 Ton Shortage Factor in New Advance. Shares thie Associated Pross. NEW YORK, February sugar moved up to 45-16 ceuts pound todax, a new high level for the present movement, and about equal 10 the high record of the vears, on_an_announcement by the Department of Commerce of a short- age of 260,000 tous in the world sup- ply, which aggravated an cute situation in the sugar mar The effect of the department report on sugar futures was even more pr- nounced, prices jumping 15 fo 49 points to a new high record for the movement, amid scenes of exeited trading. March contracts brought 4.45; Mav, 4.57. and July, 4.83. I of refined to meet the higher cosis of raw, fine granulated being quoted at 7.25 to 7.30, with an urgent demand from consumers. WHEAT AT NEW TOP. Saturday Market Records Another Upturn in Prices. CHICAGO, February 10.—With do mestic receipts decreasing and with Liverpool quotations showing an ad- vance, the wheat market here scored a new upturn in price today. The close was strong at % to 1% net gain with May 1.22% to 1.227% and July L16% to 1.15%. Corn finished % to 7c higher. oats up half to % and pro- vislons varying from 5c decline to a rise of 2 cents. On_today's bulge in wheat prices S AT 1 103.02 101.69 101 101.¢ 100.98 t two | alrcady | finers suddenly moved up prices | two electric elevators, telephone service, elec- tricity furnished. CHICAGO, February 10 (United States Department of Agriculture: Hogs—Receipts, 7,000 head; unevenly steady to 10 cents lower: bulk 160 to 200 pound averages, S$.40a8.60: top. $.75 on 110-pound averages; buik 240 to 300 pound butchers, ' 8.05a8.15; weighty packing sows mostly 7.00a Two rooms, kitchen and bath, $90 per month Open and Lighted for Inspection .0048.60; osti- the business in which engaged, num- | the September delivery ascended to ber of days away from home on ac- {the topmost point yet this season, count of business and the total!{1125, At no time did bears have the amount of expenses incident to travel. { advantage, and despite liberal profit- Suburbanites who commute dally I'taking sales as well as the fact that from their homes to their places of {5 double holiday was at hand, the business are not permitted to deduct|market closed at nearly the highest the cost of transportation. it being a|level reached, traders taking epecial personal expense. notice that arrivals of wheat today at i the six leading primary centers were Until 9 O'clock ST. ALBANS, 2310 Conn. Avenue N.W. Apply representative on premises or M"KEEVER d G:S [REALTORS | 1415 Eye St. Main 4752 desirable pigs mated hold-over, 7,000. Heavyweigh |hogs. 7.8528.10: medium, $.00a8 40 light, $.35a8.75: light light, 8.50a8.75 packing smooth, ' 7.10a7.40 imwking sn\(‘:fislé%ugh. 6.75a7.10; kill- i . $.00a8.60. e R 1.000 head; com- Caftle—Recelpts, pared week ago. beef steers mostiy 25 nigher: quality, mostly medium to good; cxireme top matured stee 11.00, weight 1,200 pounds; best year- lings, 10.30: beef wows and heifers, 25250 higher; desirable light heifers up more. canners and cutters strong to 25 higher: bulls. 25a50 higher. heavy beel bulls showing most ad FOREIGN EXCHANGE. NEW YORK, February 10.—Demand sterling today touched $4.68%, a new high record for the year and only 1 a cent below the high market estab- lished In December, which, in_turn, was the highest 'in three years. French francs eased off slightly to L0620 cents and all of the other Euro- pean remittances, except those of Germany, showed a reactionary tend- ency. Short covering by large specu- lative Interests sent marks up to 000034 cents. as against thelr recent low extreme of .000020 cents. only 399 carloads, as against 571 a week ago. Although export demand for wheat appeared to be almost at a halt, it was contended on the bull side of th market that foreigners might be com- pelled before lonz to make their pur- chases at higher prices than at pres- sent prevailing. PRICE OF OIL RAISED. DENVER, Colo.,, February 10.—The Midwest Refining Company today ad- vanced the price of all grades of oming crude oll 10 cents a barrel. Ratls. Tanuary 27, Febriary 1, Thursd i February GLANCE [t Yesterdey 101.74 *08.70 *08.60 98.84 98.72 9902 9888 100.20 100.00 1923 — High. Low 101.90 100.94 9890 9864 0832 07.74 99.20 98.24 %.10 97.82 9918 08 99.20 9802 100.32 100.10 100,06 9980 Low 9484 96.00 95.60 96.00 9574 06.74 G580 100.02 98.90 tgh. 80 78 00 60 86 PR N 16 The Year 1923 to Date on the Washington Stock Exchange. 19 to and including February 9. 19: Vurnished by W. B, Hibbs & Co.. Hibbx B Open GODDYEAR TIRE SUIS | ~ ADIUSTED IN COURT Judge Approves Settlement in Con nection With $80,000,000 Re- financing Proposals. BY the Associated Press AKRON, Ohio, February 103 | Uement of the six lawsuits attack the £80.000000 refinancing of Goodyear Tire and Rubber Comp: was ~approved by Common Pleu- Judge Ahern toda The settlement, according to At torney Luther Day of Cleveland, w} represented Mrs. Laura L. T. Weiss in her four suits against the Good vear and the Leonard Kennedy Com pany, was made in the best interes ilie Lolders of common and pre ferred stoe The scttlement provides for repre sentation of original stockholders the hoard of direciors; for retiremen of £5,000,000 in prior preferred stoc! at $90.60, for dropping of bonus ti Leonard Kennedy Company during rest of terni of management contras for return and cancellation of 50,00/ shares of common stock and f¢ ! waiving of salary and expenses an {mounting to $40,000 a Year to trus i tees of management stock. The Goodyvear honds and dehe: | tures as originally disposed of in 1l Goodyear refinancing program not affected by the settlement ——— WALL STREET NOTES. Census Report Considered Bullish Factor. W YORK, February 10.—Th. United States Census Bureau's repo: makes United States stocks of wool on hand December 31, 515,643.08 pounds. This is considered builish view of the tariff as it is a decreas of 9.630,033 pounds smaller than th { previous report ended September 3¢ |, Continental Can vear ended Dex | ber 31 shows net income of $3,161 {after depreciation and federal jequal after preferred divideng: ’ 37.97 a share on outstanding $60.00: shares no par common. Earming- were equal to $21.27 a share on old $13.600,000 $100 par standing before capital readjustmen: 1ast December and compares wi $3.75 a share on same amount &toch in 1921, Adams Express for the year endei December 81 reports net inco 31,088,590 after taxes and charges equal to $10.88 a share on $10,000.00: | outstanding__capital stock againsi { $804.523 or $2.04 in 1921 | . Mexican Seaboard Oil Company hu declared regular quarterly divid of 50 cents a share. Other Financial News on Page 28 E common_ out