Evening Star Newspaper, February 14, 1923, Page 28

., FINANCIAL,' PRICES OF STOCKS TURN IRREGULAR 'Heavy Profit-Taking in Some Quarters—Gains Are Also Recorded. Adams Express. Adv Rumley pt. Alr Reduction. . Ajax Rubber. Alaska Gold. All Am Cable Allied Chemical. Allis Chalmers Allls Chalm pt. Am Agr Chem.. :‘“glrfihem pr. m > BY STUART P. WEST. :m B::‘ s‘:g;e;.. Bpecal Dispatch to The Star. m Brk Shoe pf. "NEW YORK, February 14.—The Am Can. stock market from the outset today [AM Can pf. - |Am Car & Fay. was a very mixed affair. The ex-|ymoofi pO¥: tremely confused price changes, hoW- | am Chicle Co. ever, meant only that speculative|Am Chicle pt... profits were being taken in stocks[Am Cotton Oil. which have recently had the largest |Am Druggist E rise and put into other quarters o | H EDTOSe o the list where the advance had not|AmHidegLea pt. been so considerable. :m ;c: 5 vlolent fihctuations in the sugar | Am Internat'l... et hvced heavy selling of the | Am La France.. sugar shares, under which they broke | Am Linseed. severely. South Porto Rico Sugar on|Am Linseed p the first few sales was off 6 points [ Am Locomotive., The decline in Cuba cane SUgar pre- | Am Metals. . terred was almost &s abrupt and Cuban | 4 m pogitesr e American Sugar dropped 3 polnts. Bald- | (70 pONISEOr - win Locomotive was another stock that | 4 (00 pf. fell away sharply, the street taking | 4™ Jafe Razor.. the view that the annual report show- | Am Ship & Com. ing $19.03 a share on the common |Am Smelting stock had been discounted in the rise | Am Smelting pf. to 140. 4 Am Snuff. . Am Steel Fdy. Am Sugar. Am Sugar pt Am Sumatra. ... Am Sumatra pf. Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B) Am Water Wks. AmW Wk 6% pf. Am W Wk 7% pf Am Woolen. Am Woolen pf Am Zine & Lead. Am Zinc&Ld pf. Anaconda. ... Ann Arbor pt. Asso Dry Goods. Assoclated Ofl Atchison. ... Atlan Bir & Atl. Atlan Cst Line. . Atlantic Fruit Atl Fruit ctfs Atlantic Gulf. Atlantic Ref Atlas Tack Austin Nichols. . Some Stocks Advance. While the sugars, equipments, some of the steels and a few of the oils Were coming down, American Can, Vanadium, Replogle Steel and Co- lumbla Gas were gomg up. The mar- ket was Impressed by the annual figures on American Can showing $18.30 on the junior shares. Replogle Steel has now got into active pro- duction and is making good sized profits on its sales. Knowledge of this was responsible for the advance across thirty. What had more immedlate inflence than anything else upon day's stock market was the denial by the De- partment of Commerce of the esti- mates of world consumption and pro- ductlon of sugar, the result of which was_to make it appear that there was to be a considerable shortage. This denial came after another sensational jump in the price of raw SUAT across the 6-cent level and was followed by & still more violent decline, Naturally speculators in the sugar stocks and bonds who had seen unusual paper profits accumulate during the last week rushed into sell, and the en- culng break in the sugars finally unsettled the entire market. Central Leather Improves. Further improvement occurred Central Leather tosay, chiefly BATtosas anticipation of the 1922 report of 1 parnesdall (A). the company, which is expected to{narnesdall (B). show that the corner was definitely | Beechnut Pack. turned in the last twelve months. It {Beth Steel.. is understood that Central Leather | Beth Steel (B).. ended 1922 with a small surplus, as|Beth Stl79% (n). against a big deficit for each of the two | Beth Steel 8% pf preceding years. Br Em Stl 2 pf. The cxtreme weakness developing | Booth Fisheries. in the group of sugar securities not |Biklyn Edison. .. only caused hurried selling of Specu- | grocyivn B ris. . lative holdings in other parts of the | prfeiig TGS list. but led to some renewal of opera- | pi(¥h BaP TEAT tions for the decline. { Bklyn Un Gas.. OF ARMOUR PLANT Butte Copper. 51-Per Cent of Common Stock Butte&Superior. Caddo Oil Trusteed for 5 Years to Committee of 3 Bankers. California Pack. | Raldwin Loco. . | Balawin Loco pf Balto & Ohio. . in | p; 7 in | Balto & Ohio pt. Calif Petrol. Calif Petrol pf.. Callahan Zinc. Calumet & Ariz. Canad'n Pacific. Central Leather Central Leath pf Cerro de Pasco. . Chandler Motor. Ches & Optwi. Chi & Alton. Chi & Alton pf. Chi & East Tl pt Chi Great West. Chi Great W pf. Chi MIl & St P.. ChiMil&StPpt. Chi & Northwn. ChL Pheu Tool. . Chi R & Pacific Chi R I&P 6% pf ChiRI& P7%pf ChiSt P M & Om Chile Copper . Chino Copper. Cluett Peabod; Coca-Cola. Colo Fuel Columblia Gas. . Columb’a Graph Colum Graph pf. Com Solvents A. Comp Tabulator Cons Cigar. ... Consol Gas new . Cons Textile Cont Can. Cont Can pf. Cont Insurance. Corn Products Cosden & Co. Cosden pf. Crucible Steel. Cuban-Am Sug. Cub Am Sug pf.. Cub Cane Sugar. Cuba Cane S pf. By the Associated Press. CHICAGO, February 14.—Control of Armour & Co., Chicago packers, has passed from J. Ogden Armour, chair- man of the board, and holder of ap- proximately 80 per cent of the com- mon stock, to a committee of three Chicago and New York bankers, ac- cording to a news story published today by the Chicago Herald and Examiner. Fifty-one per cent of the common stock of Armour & Company of Illi- nois, the parent organization, has been trusteed for a period of five | years with the three bankers, the | Voting trustees, said the newspapers, who are: Arthur P. Reynolds, the Continental and Commercial Na- tional Bank of Chicago: Samuel M. Roberts, chairman of the ('ommlltke.l # former treasurer of Armour & Com- pany, now president of the Metropoli- tan Trust Company of New York, and Albert H. Wiggin, president of the h National Bank of New York. Formal aunouncement of the devel- epment will be made after the annual meeting of the stockholders, post- poned from January 23 to February 20, the news story said, and it is ex- pected announcement of the absorp- tion of Morris & Company will be made at that time. Mr. Armour will remain as chairman of the board of directors, said the Herald and Examiner, and, in addi- tion, probably will be selected as chairman of an execitive committee to be formed. Armour & Company recently was alized. Armour & Company of re being formed as a subsidi- iry_of the Illinois corporation and £110,000.000 of bonds and preferred stock being offered for sale. The com- pany is one of the world's largest meat packing businesses, and has a stock capitalization of approximately £150,000.000. FORDBUYS EXTENSHE - PUATEGLSS PANT Deal Put Through at Pittsburgh Involves One of World’s Best Factories. president of Davidson Chem. De Beers. .. D Lack & Wstn. Del & Hudson. .. Dome Mines. . DuSS & Altpf. Dupont (ET). Dupont deb. ... Eastman Kodak Elec Stor Bat. .. Elk Horn Coal Endicott-John Erle.... Erie1st pf.. Erie 24 pf. ... Exchange Buff, Pairbanks Co. FamousPlayers. Famous Play pf. Fed Mines & Sm. Fd Mines & S pf. FifthAvBusw i. Fisher B of O pt. Fisk Rubber. ... Freeport Texas, Gen Am Tk Car. Gen Asphalt. ... Gen Cigar. Gen Electric. ... Gen Elec spl w i. Gen Motors..... Gen Motors pf Gimbel Brot Glidden. .. Goldwin Corp. Goodrich. . Goodrich pf. | Gray & Dav Gt Northern pf. Great Nor Ore.. Gt West Su pt.. Guantanamo Su. Gulf Mo & Nor.. Gulf Mo & Norpf Gulf St Steel. ... Harbishaw Cab. Hendee Mfg. Homestake. Houston Oil. Hudson Motors. Hupp Motors. Hydraulic Steel. Illinois Central Indiahoma. .. Inspiration. Interboro Met Interbor Rap Tr. In Ag Chem pf.. Int Cement..... InCombustion E Int Harvester. .. Int Mer Marine. By the Associated Press. PITTSBURGH, Pa., February 14.— The Allegheny Plate Glass Compan; with an extensive factory at Glass- mere, Pa., near here, has been sold to the Ford Motor Company of De- troit, it was announced today. . Ford interests will at the close of business today take over the factory and Its products henceforth will be | used exclusively by that concern. The factory, which has been en-| tirely rebuilt since 1919, is said to| be one of the most modern in the world, all machinery being electrical- jy controlled. It is situated on a site of forty acres and, employing 500 workmen, produces about one-tenth of the plate glass of the United States. The price paid was not made publie, WOOL PRICES UNCHANGED. BOSTON, February 14 (Special).— 1"'-?;?'},(‘!!;1“:»1. Prices on the Summer street wool |Int Nickel.. market today remained firm, and if [Int Nickel pf. there was any tendency toward | Intl Paper-.. . change it was upward. South Ameri- | Intl Paper (sta). can and Australian markets were re- [Int Shoe........ yorted very firm. Some additional | Invincible Oil... \vestern domestic slips are reported | Iowa Central. 10 have been contracted for, but the | Iron Products. .. sirm stand taken by growers has held | isianad Oil. .. .. Bhis Lueiuess Lo a minimum, EY Open. High. Low. Close. 8% 53% 62% 14% % 104 76% 48% 97 38% 63% 84 48% 110 . 90 113% 185 126 6% 22 17% 6% " 139% 12% 70 108% 29 11% 34 56 127 53 84y 98 8% 1974 631 101% 142 39y 847 . 107 36 661 122% 160% 168% 29% 537% 91 - 100% 111 17 543 48% 87 67 129 101% 2% 119 3% 27y 25Y% . 142 19 311 138 116 52 60 8% 54% 66% 14% Y% 104 6% 48% 97 33% 63% 86 48% 110 94% 114% 186 126 7 22 1% 7 139% 12% 1% 109 29 12 34% 56 127 53% 84% 98% 8% 19% 63% 101% 142 39% 8474 107 36% 653 122% 160% 1687% 28% 54 91 102 111 17 541 49 37 87 129 1017% 2% 119 3% 2% 25% 2% 53% 62% 14 Y% 104 % 48 26 32% 62% 84 44% 110 920 113% 185 126 6% 22 16% 674 189% 12% 70 108 27% 11% 34 56 125% 52% 84% 98 8% 19% 61% 101 142 38% 824 107 32% 65% 122% 158 157 29% 53% 91 9915 1 17 54% 4% 37 &7 128 101 2% 119 3% 2% 24% 2% 54% 64% 158 54 91 17 49 37 67 128 101% 2%, 119 34 2% 25% 142 20 31 % 136% 1164 51% 60 301 19 63 65 66 96% 110% 25% 6% 116% ™ 10% 10 1231 6014 39% 148 37% T4% 45% 2% 102% 3% 6 57 6% 15 25% 43 8a% 867 351 84% 94 761 29% 26% 21 T1% 5% 28% 26% 13 112% 14% 38 % 19 37 40 24% 96% 11% 42% 14% 8% 53% 1% 661 17% 6 THE EVENING STAR, WASHINGTON, D.”C.," NEW YORK STOCK EXCHANGE lmbyrnmwmnlna_un.sm-o-u Jewel Tea. | Jones Tea...... i Jones & L'ghl pf | Kansas City Sou | Kansas & Gulf. . Kayser (Jullus) Kayser (J) pf... Kelly-Spr Tire. Kelly-Spr 8% pt. Kelsey Wheel. . Kennecott. . . Keystone Tire. . Kresge (SS)... Laclede Gas. Lee T & Rubber. Lehigh Valley.. Lima Locomo Loews Inc LoftInc..... Louis & Nash SMack Trucks. .. Mackay Cos pf.. Magma Copper. "Mallison & Co. . Manati Sugar Manati Sugar pf Manhat El Sup. . Manhattan Ects Manhattan Shirt Market St Ry Market St pf.... Market St prior. Market St Ry 2d Marland Oil. ... Marlin-Rockwl. Mathison Alkili. Maxwell (B).... May Dept Stores MclIntyre Porcu. Mex Seaboard. Mex Sbd ctfs. Miami Copper. . Middle St Ofl. .. Midvale Steel Minn & StL (n). Min St P&SS M. M St P & SSM pf Mo, K& T wi... Mo, K & T pf wi. Mo, K& Tfpd Mo Pacific Mo Pacific pf... Montana Power. Montgom'y W’'rd Moon Motors. Mother Lode. Nash Motors. ... Nash Motors pf. Natl Biscult pf Natl Cloak & S. . Yatl Enameling t R of Mx 1st. { Natl Ry of M 2d. Nevada Copper. N Or Tex & Mex. N Y Air Brake. . N Y Air Brk (A) N Y Central.... NYChi&StL.. NY Chi&StL1st. NYC&StL2d. ¥ Dock pt. NY NH & Harttd. NY Shipbuilding | Norfolk & West. | North American { North Am Brts. North Amer pt rth Pacific Nunnally Co. Ohio Bdy & Blw Oklahoma Prod. Orpheum Circuit Orpheum Cir pf. Otis Elevator | Otis Steel. Otis Steel pf. Owens Bottle Pacific Develop. Pacific Gas & El Facific Oll Pac T & Tel pf. Packard Motor. Packard Mot pf. Pan-Am Pete Pan-Am Pet (B) { Panhandle. .... | Pennsylvania. Penn Seabd Stl. | People's Gas. { Peoria & East. . Pere Marquette. Tere Marq pf. .. Philadelphia Co. Philadel Co pf.. Phillips Pete. Pierce-Arrow. .. Pierce-Arrow rts Pierce-Arrow p! Plerce Oil...... 1 Pierce Oil pf. i Piggly-Wiggly Pitts Coal Pitts & W Va. .. Porto Rico Tob. Postum Cereal. . Stl Car. Froducers& Ref. Prod & Ref rts. Pub Serv of NiJ. Pullman Co. .. Punta Alegre Pure Oll:.. Pure Oil 8% pf. . Railway Stl Spr. Kay Con Copper Keading...... Reading 1st pf. Reis Robert. ... Remington. Reming 1st pt.. Replogle Steel. Rep Ir & Steel. . Rep Ir & St pf.. Reynolds Spring Reynolds Spr rts. Rey Tobac (B).. Rey Tob pt B Royal Dutch. St Joseph Lead. . St L & San Sran. StL & San Sr pf. St I, Southwn. .. St L Southwn pt San Cecilia Sug. Savage Arms. Seaboard Air L. Seaboard A L pf Sears Roebuck. . Seneca Copper Shattuck-Ariz. Shell Tr & Tran. Shell Union Shell Union pf.. Simms Petrol. Sinclair Oil Sinclair pf. Skelly Oil = Sloss-Sheffield. So Porto Sugar. So Porto R S pf. South Pacific Southern Rwy. Southern Ry pf. Spicer Mfg Co.. Stand Milling. St 01l of Calif. StOilof NI wi. StOilof NJ pf Steel & Tube pf. | Sterling Prod ... | Stew't-Warner. Stromberg Carb Studebaker. bmariné Boat perior Oil. .. Superior Steel. . SweetsCoof Am. i Tenn Copper Texas Company. Tex Gf Sulphur. 1% | Texas & Pacific. Tex & P C&OIl Third Avenue... | Tide Water Oil. . Timken Bearing | Tobacco Prod. .. Tobacco Prod A. Tobacco Prod pf. Tol StL & W pf. Trans Contl Oil. Union OMl.. Union Pacific Unlon Pacific pf. Union Tank Cgr Un Tank Cr p! Un Cigar Stores. United Drug. United Drug United Fruit United Ry In Utd Ry Inv pt... Unit Retall Strs U S Cast Ir Pipe U S Cast Ir P pf. TS Expre: 4 82% Open. High. 19% 19% B5% B6% 107% 107% 23 23 2% 2% 43% 48% 102 102 54 54 106 106 110% 113 33 39% 9% 9% 240 240 84 86 30% 30% 69% 69% % T1% 20% 11 D 142% 2% 0% 33% 36 60 861 53% 43 45 9% 42% 691 /25 394 11% 61 16% 3% 19% 18% 17% 27% 11% 30 9% 70 90% 16% 44% 38% 19% 48% 72 25% 227% 11% 104% 9944 145% 40% 124y 65 69 133% 8 3% 15% 92 387% 514 9% 80 95% 87 47 20% 12% 116% 1174 23% 48% 9% 10 9% 14% 79% 55 16% 43% 104 29% 58% 92% 224% 5% 59 . 1% 52% 19% 26% 48% 36% 61% 4% 25% % 13% 92 1% 9%, 37% 16% 91% 144 34 98 11% 50% 64 94 93% 33% 69% 23% 8714 59% 41% 117% 105 59% 94% 67% 119% 13 6 32% 2% 12 49 61% 24% 23% 18% 129% 3T 56% 82% 113% 53% 1% % 141% 5% 82% 111% 228 46% 170 16 40% 6% For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Low. Close. 19 19 54 56% 107% 107% 23 23 2% 2% 43 43 102 102 51% 653% 106 106 110% 112% 38% 39% 9% 9% 240 240 84 B4% 30 30 69 69 67% 70 20% 20% 11 11 140% 141 0% 71% 0% 0% 32% 33% 35 35% 57% 57% 86k 86% 53% 53% 43 43 44% 4% 9% 9% 424 42% 69% 69% 25 26 39 39% 11% 11% 61 61 16% T2% 19% 18% 17% 27% 11% 29% 9 70 20% 12% 115% 117% 235 48 9 10 9% 3 19% 891y 149% 10% 59 4% | % 81% 44% 92 14% 987% T9% % 4% 46% 4% 91% 13 39% 6613 467 45% 587% 124 %4 30% 5% | 42 611 63% 374 2% 131 6814 52% % 99% 130% 55% 31 9915 116 14% 9% ! 54% 16% 43 104 30% 56'% 93% 22% 5% 59% 117% 52% 19% 24% 48 35 61% 4% 24% 7 12% 90 1% 9 3% 15% 91% 14% 33% 99% 1% 49% 57 94 93% 33 69% 237% 871 59% 41% 117% 48 36 61 4% 24% i 121 90 10% 9 3% 15% 91y 14% 33% 98 1% 49% 55 94 93% 32% 69 23% 87% 59% 40% 117% 1045 59% 94 67 117% 12 6 32% 2% 11% 48% 61 23% 23 18 129 37% 541 813% 113% 53% 11% 61% 94 67 118% 12 (3] 32% 2% 11% 49 61% 23% 23% 18° 129 3T% 55% 81% 114 53% 11% % % 141% 142 % 5% 82% 82% 111% 111% 223 228 81% 824 46% 46% 168 168 15 16 39 42% 74 4% 31 31 70 70 % TH 104% | FURDPEAN BONDS - RECORD DECLINES Liberty Issues Firm Because of Expected Action on Debt Funding Bill. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, February 14.—English opinion that France is making very little progress in the Ruhr showed in its effect today on French and Belgian bonds and caused sympa- thetic declines of other European is- sues. French exchange was decidedly weak today. It was expected that the British debt-funding bill would pass the Senate today, so liberty bonds were firmer. The flurry in sugar bonds quieted down under heavy profit-taking, which carried this group oft 2 to 4 points from the high level of the week. On the other hand, the gains that have been made In Anaconda Copper Company 6s and 7s were well maintained, and this was true also of various second-grade and speculative railroad, public utility and industrial issues. NEW HAVEN ISSUES GAIN. Mortgages Recover From Acute Weakness of Yesterday. the Associated Press. NEW YORK, February 14.—Sharp recovery of New Haven railroad mort- gages from yesterdgy's acute weak- ness, renewed liquidation of French bonds, several of which declined a point or more; continued firmness of United States government securities and irregularity in the general list characterized today’s early bond deal- ings. The gains in the New Haven {s- sues ranged from half a point in the convertible 43%s to 2% points in the convertible 3%s of 1954, —_— SUGAR PRICES BREAK 100 POINTS AFTER GAINS Excitement Again Prevails in Mar- kets, But Buyers Await More Settled Conditions. By By the Assoclated Pr NEW YORK, February 14.—Excite- ment again prevailed in the sugar markets early today. The spot market was nominal, with Cuban holders ask- ing 6 cents cost and freight, equal to 7.8 for centrifugal. Buyers, however, were inclined to hold off until the market became more séttled and no transactions were reported. Trading in raw sugar futures was active. After an opening advance of 28 to 72 points on overnight buylng orders, prices broke 100 points, the full maximum fluctuation permitted in any one day's trading, under heavy general selling. Stop loss orders were uncovered on the break and prices at midday were at the lowest or from 18 to 42 points below last night's closing _quotations. The market for refined sugar re- mained unsettled and all refiners were withdrawn. - FOREIGN EXCHANGE. Februa 12 m. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, ponnd 4.617% Montreal. dollar .. 9925 Paris. frane Hrussels, franc Rerlin, mark iira 17 frane, . drachma Vienna, crown . Hudapest, crown crown . mark . Copenbagen, crown. Christiani 1 Stockhol; By the Assoclated Preas. NEW YORK, February 14.—Foreign exchanges irregular. = Quotations eat Britain, demand, 4.68; cables, { Sixty-day bills on banks, 4.65%. iR . demand, .05991: cables. 06003 Italy, demand, .0477; cable Belgium, demand, .0526%: .0526. Germany, demand, .000046." Holland, demand, .1863." Sweden, demand, .2654. | Denmark, demand, .1896. Switzer- land, demand, .1875%. Spain, demand, .1562. Greece, demand, .0121. Poland, demand, .000026. Czechoslovakia, de- mand, .0296%. Argentine, demand, .3707." Brazil, demand, .1150. Mon- treal, .98% NEW BOND ON MARKET. BALTIMORE, February 14.—The $41,775 issue of Montgomery county { 4% per cent serial road improvement bonds, which was awarded yesterday to the Equitable Trust Company and J. S. Wilson, Jr., & Co., was offered immediately at prices to yield from 415 per cent down to 4% per cent. iOther bidders for the issue were Graham, Parsons & Co., Weilepp, Bruton & Co., Wall & Alexander, {Frank B. Cahn & Co., Townsend Scott & Son, Baker, Watts & Co. and { Nelson,’ Cook & Co. | PARIS MARKET FIRMER. PARIS, February 14.—Prices were firmer on the bourse today. Three per cent rentes, 58 francs 70 centimes; exchange on London, 77 francs 85 centimes; 5 per cent loan, 75 francs 90 centimes. The dollar was quoted at 16 francs 6314 centimes. U S Hoftman Mct U'S Indus Alco. . U S Realty U S Realty pf. U S Rubber. . U S Rub 1st pf.. lUSSmelt & Ref. 38 38 | USSmelt& Rpf. 45% 45% USSteel....... 107% 107% | USSteel pf.... 120% 120% Utah Copper.... 66% 67% Utah Securities. 22 22% 39% 42% 24% 24% 63 63% 19 19 11 11 31 31 20 20 . 95% 95% 114% 114% 14 14 24% 24% 62 62 114% '114% 112 113 624 62% 11% 11% 18% 18% 28% 28% 53% 53% 5% 6% 13% 18% 4 .4 8 8 49% 49% 33% 33% 21% 21% 69 69% 93% 93% . 104 104 61% 614 102% 102% 21% 67% 93% 104 591 102% 3614 45% 106% .120% 65% 21% 39% 24 63 18% 10% 30 20 95% 114% 13% 23% 61% 114 112 62% 10. 18% 28% 523 5% 12% 40 % 48% 49% 31% 381% 218 218 36% 38% 1% 178 ° High. ‘Low. Last. Call Money. . % 5 6% HOURLY 'SALES OF STOCKS. 11 a.m. .351500 12m. .L. 574 200 1pan..:.: 821100 2p.au. 21% 68% 93 104 3% 107 120% 1% 22 41% 63% 18% 10% 30 20 95% 114% 13% 23% Vanadium Corp. Va-Cr Chemical. Va-Car Chem pt | Vivadou. i Wabash........ Wabash pf (A). Wabash pf (B). { Welis-Far Exn. Western Elec pf Western Md.... Western Md 2d. | Western Pac pf. Western Union. West Air Brke. . Westhse Bl & M Wheeling & L E Wheel & L E pf. White Eagle Oil White Motor. ... White Oil...... Wickwire Wilson Co Willys-Overld. . Will's-Overld pt WisconsinCent. Woolworth. 219 219 ‘Worthington... 35% 38% Youngstn Tube. 77%. 78 114 13 10 18% 52% 5% 12% 40% % "WEDNESDAY, FEBRUARY "14, 1923 Recelved by Private Wirc-Direct to The Star Office, For Revised Close of Bond Market ses, 5:30 Edition of The Evening Star. (Sales are in $1,000.) UNITED STATES BONDS. Bales. High. Lib3ys. Lib st 4%s. Lib 2d 43, Lib 3d 43¢s. Lib 4th 4% Victory 4%s. . Low, Olose. . 2056 10180 10164 10164 . 172 "9906 9886 9890 214 9888 9874 9874 506 9918 9906 9906 1068 9908 9890 9894 52 100 20 100 20 100 20 US4%s1952.. 378 10002 9998 10000 FOREIGN. Argentine 7 Belgium 7%s. Belgium 6s. Belgium 8s. Bern 8s. Bolivia 8s Bordeaux 6; Brazil 7s. Brazil 8s. Brazil 73 | Canada 55 1926 Canada 5%s 19: Canada 65s 1931 Canada 5s 1952 . Chile 851946...... Chile 88 1926. ... Chile 8s 1941. .o Chinese Gov Ry bs. Copenhagen 5%s. . CubaSiswi . Czechoslovakia 8s. Denmark 8s . Denmark 6s “eee Dutch East I 6s°47. . Low. 53 Dutch East I 6s'62223 FramericanID7%: French Govt 8s. 24 168 French Govt 7%s. 119 Haitl 6s ctfs. Holland-Am s f 6s. Japanese 1st 414s. Japanese 4s. : Jergen U M 6s Lyons 6s. Marseilles 65 Mexico 55 Mexico 5s large. Mexlico 4s. . Montevideo 7s. Netherlands 6s Norway 8s Norway 6s ctfs. ... Paris-Ly's-Med 6s. Prague 7%s....... Queensland 7 Queensland 6s Rio de Jan 8s 1946 Rio de Jan 85 1947, Sao Paulo, City, 8s Seine, Dept of, 7s. . Serbs Crots Slov 8s. Solissons 6s. Sweden 6s. Toklo 5s : Ud King'm 5%8°29 Ud King'm 5%s'37 UnSteam Copen 6s Uruguay 8s 3 Zurich 8s. Ajax Rubber 8s. . Am Agr Chem T%s AmSmelt&R 1st5s. Am Sugar Ref 6s. . AmT& Tcv6s.... AmT& TeltrSs.. Am T & T cl tr 4s Anacon cvd Armour & Co 414s. Atlantic Refin 5s.. Bell Tele Pa7s.... Bell Tele Pabsrets Bethleh’'m Stl rf 55 Beth'm Stl p m 5s. Beth'm Stl s f 6s Brier H St 1st 5138, Bklyn Edison 7s D. Bklyn Ed gen 6s. . Bush T Bldg 53 '60. Central Leather 58 Cerro de Pasco 8s. Chile Copper 6 Chile Copper 7s... Con Coal Md 1st 5s Cub CaneScvd 8s Det Edison ref 6s. . Du Pont de N 7%s. Duquesne Lt T3 Duquesne Light 65 E Cuba Sug 7%s.. 412 Empire F&G 7%s. Fisk Rubber Ss. Gen Refract'es 6s. Goodr'h (BF) 6%s. Goodyear Tr 83 Goodyear Tr 8s '41. Humble O&R 5%s. Indlana Steel 5s. .. Int Mer Marine 6s. Int Paper 1st 5s A. Int Paper 1st 63 B. Julius Kayser 7s.. Kelly-Sp'gfield 8s. Lackaw'a § 58°50. . Liggett & Myers 7s Liggett & Myers 55 Lorillard (P) 6s. .. Manati Sug sf Tis Mexican Petrol 8s. Mich St Tel 1st 5: Midvale Steel 5s. . . Montana Power s | Morris&Co1st4% New Eng Tel 6. ... NY Edison 1st 6%s Y Tel 6s°41..... NY Teld4%s...... N Am Edison 6s. States Pow bs. .. Northwst B Tel 7s. Otis Steel 8s....... Pacific Gas & El 5s PacT & T5s'52... Packard Motor 8s. Phila Coref 6s A.. Producers & Rf 8s. Public Service 5s.. Sinclair Oil 7s. Sin Pipe Line 58 uth Bell Tel 5s. . So Por Rico Sug 7s St Ofl of Calif Ts Steel & Tube 7s. .. Tide Wat Ofl 6%s. ToledaaEd'n 1st 7s. Unit Drug cv 8s... USRub Ist rf 5s.. U S Rubber 7%s. USSteel sf5s.... Utah Pow & Lt 5s. Va-Car Chem 7s... Va-Car Ch 7%s sw ‘Warner Sugar West Union 63%s. . Wickwire Spen 7s. Wilson & Co 1st 6s. ‘Wilson&C cv 7%s. Wilson & Co cv 6s. wi.300 ‘Anacon 1st 65 w 1. 174 '31384 Sin CruanlliV;L‘ 94 94 97% 84 61 7% 105% 72% 116 103% 881 104% 112% 3 99% 8 104 5 90% 32 103% 5 116% 24 98% 3 92% 102% 97 88% 99 107% 98 9314 90% 99% 95 107 97 90 9874 185% 100% 116 89% 97 103% 108% 107% 1041 111 94y 107% 100 101% 106 117% 98% 101% 881 86% 87 107 109 9% 117% 97 96% 98% 107% 99% 89% 97% 86% 99u 110% 106 94 937 91% 108 100 9% 1% 107% 101% 107% 85% 100% 98% 87% 94% 101 106 1103 2 103% 2 107 3 113 9 89% 17 108% 84 103% 18 91 _ 9% 94 104% 109% 97 100% 9 104% 17 95% 13 31 4 3 6 35 4 13 43 03 5 2 23 101% 29 95 8% 111 92 6 841 96% 102% 100% 1015 100% 99% 108% 101% 103% 51 90% 99% 83% 109% 9% 94% 94% 88% 94% 91 95% 90% 93% 80% 8% 5% 76% 53% 53% 34 90 99% 110% 98 70 70 108 101 94 93% 97k 82% 60% 75 105 2% 114% 103 88% 104% 112% MISCELLANEOUS. 99% 103% 9034 102% 116% 981 92% 101% 96% 88% 98% 107% 98% 93% 90 991 95 107% 96% 89% 98% 133% 100 115% 88% 95% 103 1084 107% 104 107 93% 106% 99% 101 104% 116% 98% 101% 88 86% 86% 107 108% 91 117% 97% 967 98% 107% 99% 89% 96% 86 99 109% 105% 93% 93% 914 107% 99% 9% 914 107% 101 107% 84% 100% 98 87% 943% 100% 105% 103 103% 107 112 88% 108 103 90% 97% 93% 104% 109% 97 100% 104% 95% Close. 102% 929% 95 98% 111 2% 6 85 9% 103 100% 101% 100% 99% 103% 101% 103% 51% 90% 99% 83% 109% 9% 95 94% 88% 94% 1% 96 90% 93% 80% 8% 5% 5% 53% 53% 34 90 100 111% 98% 0% 0% 108 101 94 94 97% 82% 60% 75 105% 2% 116% 103% 88l 104% BAR SILVER QUOTATIONS. LONDO! , February 14.—Bar silver, 30 and 11-16 pence per ounce; Money, 60% | 1% per cent; discount rates, short and 102% | three-month bills 233a2 9-16 per cent. NEW YORK, February 14.—Foreign PIG IRON HIGHER. CHICAGO, February 14.—Pig Iron selling agencles in the Chicago dis- trict advanced their prices today 50 cents a ton to a basis of $30 Chicago. Unusually active demand for the com- modity is the chief reason assigned for the advance 45% | bar silver, 63%; Mexican dollars, 48%. COUNTY BONDS AWARDED. BALTIMORE, February 14.—Prince Georges county yesterday awarded a school _bonds 61% | $12,000 issue of 30-year 5 per cent to Steln Bros. & Boyce, Mercantile Trust and Deposit 62% | Company and Strother Brogden. Bids were also submitted by Frank B. Cahn ———ee 'MAY BOOST INTEREST. " PARIS, February 14—The report is current in the lobbies-of the cham- ber of deputies that Minister of Finance de Lasteyrie is about to in- crease by one-] & Co., Wellepp, Bruton & Co. 28% |and Wall & Alexander. alf of 1 per cent the interest on the national defense bonds because of the great falling off in the pyblic démand for these itles. cur- If the measure is decided upon, it will invelve the additional expendi- 1189900 .ure of 225,000,000 francs.. - RAILROADS. Bales. High. Low, Ann Arbor4s...... 4 64% 64% Atchison gen 4s... 34 89% 89 Atchison adj 4s 7 81% 80% Atlantic C L cl 4, 9 81% 81% 6 95 95 6 T9% 8% 7101 100% 6 81% 81 84 83% 76 16 93% 93% 66 66 66% 65% % 17 95 94 94% 94 91% 89% 90% 90% 114 114 112% 112% 80% 80 87 86% 94% 94% 87% 8% 85% 85% 51% 51% 28% 28% 87% 8T% 100% 81% 53% 62 693 80% 67% 74 109% 108% 82 80% 91% 115 75 102 93% 104% 85% 85% 881% 75 83% 57% 104 Close. 64% 89% 81% 953 8% 100% 81% 84 16 93% 66 65% 17 94 94 90 90% 114~ 112% 80 86% 94% 8T4% 85% 51% 28% 8T 100% T 80% 53% 61 69 9% 86% 74 109% 108% 81% 80% 91% 115 75 101% 93% 103% 85% 84% 88% 5 83 67% 104 4T% 50% 104% 114% 109% Bklyn R T 45 2002, 40 Bklyn R T 5s ctfa.” 22 Bklyn R T7s°21... 17 BkIRT 7s '21 ctfs. 20 Bkl RD 721 ct sta. Buff R&Pitts 4%s. Canadian North 7s. Canad North 6%s Canad Pac deb 4s Central Pacific 4s. . Ches & Ohio cv bs Ches & O cv 4345. . Ches & O gn 4%s Chi & Alton 3s.... Chi & Alton 3%s. . Chi B&Q gn 4s ‘58 Chi B&Q 1st rf bs. Chi & E 111 gn 5s. Chi Great West 4s. Chi M&S P rf 4%s. Chi M&St Pcv 5s. . Chi M&St P 4s '25 Pov 4l StP 4s'34. . Chi & NW 6%s. Chi & NW 7. Chi Rys 58 Chi R1 & Pac rf 4s. ChiUn Sta 4%s.... Chi Un Sta 6%s. .. Chi & W Ind cn 4s. CCC&StLrf6ésA.. CCC& StL4%s... Cleve Term 53%s. Colo & Sou 4% s Cuba R R 6s Del & Hd 1st rf 4s. Den&Rio G con 4 Det United 4% s Erfe 1st con 4s. Erle con ext 7s. . Erie gen 4s. Erie conv 4s D. Gr Trunk sf deb Grand Trunk 7s. Gr North gen 7s. Gr North gen 5 s Green B& W db B. Havana ERL&P 5s Hud & Man ref 5s. Hud & Man aj 5s... Il Central ref 4s. 111 Central 5% s Int Rap Tran 5s. Int R Transit 7s. Int & G Nor aj 6s Towa Central rf 4s. Kansas City S 3s. Kan City Sou 5s. Lake Shore 4s'28 Lake Shore 4s'31 Lehigh Valley 6s. Long Island rf 4s Louis & N unl 4s. .. Louis & Nash 7s. Louis & Nash 5%s. Manhat Ry cn 4s. Market St cn 5s Mil El Ry & L 5: M & St L rf ex 5 M StP & SSM 635, MK & T 1st 4s. MK & T prin 5 MK&T6sC.. MK & Tadj 5s. Mo Pacific 6s. . Mo Paclfic 53 '65. . / Mo Pacific gn 4s. Montreal Tm 1st 55 Nassau E Ry 4s'57 N O Tex & M in 5s. N Y Centdeb 6s N Y Cent deb 4s. NYCentri5s. New Havencd 6s.. New Haven d 4s 57. New Haven 7s..... New Haven 7s fr. N Y State Ry 4%s. N Y W & Bos 434s. Norfolk & W cn 4s Norfolk & W cv 6s. Northern Pac 3s. .. Northern Pac 4s. North'n Pacr i 6s.. Northern Pac 5s... Ore & Calif 1st 5s.. O Short Lcn 55°46. Ore Short Liref 4s. Ore-Wash 1st rf 4s 27 10 1 22 18 20 .12 497 . 30 1 20 1 2 4 83 3 40 42 5 62 68% 4614 91% 115% 60% 8514 108% 98% 99% 103% 92% 80% 100% 91% 109% 110 811 96 85% 65% 9% 82 86% 69 84 64% 9214 80 99 1% 9 T4% 57% 46% 29% 68 92% 86% 83% 96% 68% 101% 61 61% Pennsyl gen 5s. Pennsyl gen 4%s Pennsyl 6%s. Pennsyl gold 7s. Pere Mrq 1st 45 '56. Pere Marq 1st 5s. Reading gen 4s. ... Rio Grand W cl 4s. RIATk & L4%s. .. St L IM&S R&G 4s. StLIM& S 4s'29 StL&SFplisA. S:L&SFprinss. 81% 86% 68% 84 64% 92% 79% 98% 1% 9 74 57% 45% 28% 67% 92Y% 8614 8314 96 68% 101% 60% 61 64% 9% 98% 1% 79 4 5% 46% 28% 67% 92% 86% 8314 96 681 101% 60% 61% Seab’d A L 4s sta. Seab'd A Liref 4s Seab'd A L adj 5s Seab'd A L con 6s. Sou Pacific cv 4s... Sou Pacific ref 4s. . Sou Pacific clt 4s Southern Ry 1st 6s Southern Ry gn 4s. Southern Ry 6%s. . Third Ave ref és. .. Third Ave adj 5s. .. 92% 85% 95 104% 9613 98 64% 83 92% 854 95% 1041 96% 98 641 83 Union Pac 1st 4 Union Pac 1st ri Union Pac cv 4s Union Pac cv 6s. Virginia Ry 1st 5s. . Wabash 1st bs..... ‘Western Md 4i 12 Western Pacific 58. 6 West Shore 1st 4s.. 5 82% 82% Wheel & LEcn 4s. 11 64% 64 TOTAL SALES (Par Value): 11a.m.. 3765000 12 noon 6193000 1p.m.. 8831000 2p.m..10 762000 JOINS DETROIT BANK. DETROIT, February 14.—Robert B. Locke, sincé 1918 manager of the De- troit branch of the Federal Reserve Bank of Chicago, and at one time con- nected with the Old Colony Trust Company of Boston, has been elected a vice president of the Merchants’ Na- tional Bank of Detroft. Mr. Locke is a past president of the American In- stitute of Banking. LOCOMOTIVE ORDERS. Unfilled orders for railroad locomo- tives at the end of January were the largest recorded since monthly statis- tics were inaugurated at the begin- ning of 1920, according to the Depart- ment of Commerce. During J‘““"Yo:«o' tal unfilled orders increased by 195 loco- motives, although the unfilled foreign orders showed a slight decling, Total forward business January 30 was 1,788 engines, compared with 1,692 December 31, and 207 a year ago. Of current business only eighty-nine en- gines are for foreign account. ATCHISON CAR LOADINGS. 'HICAGO, February 14.—The Atchi- m‘il rallroad during last week han- dled 30,456 carloads of revenue freight, compared with 25251 a year ago. Principal comparisons of commodity loadings with last year follow: Stock, against 1,735; grain, 1,132, nst 2,549; lumber, 1,312, against refrigerator freight, 2,104, t 1,111; oll, 4,404, against 1,856, against 1,878, and 10, against 854 95 104% 96% 98 64% 83 82% 643 14,043. —e—e Aunt Martha—Why, child, those are china eggs you've gathered. We use ‘em to lure the hens to the nests.” ° Little Elsle—I know it, and I took them out because I did not think it right to deceive a trusting and con- siding hen. 5 81% 921 | 92% (3 FINANCIAL Live Stock LOCAL WHOLESALE MARKET. Florida fruits and vegetables are be- Ing received in quantities far in ex- cess of demands, and prices were re- ported as being very reasonable. Let- tuce and celery are particularly plen- | tiful, as are oranges and grapefruit. Butter and eggs remain firm. Re- ceipts of eggs have not materially Increased the past few days, accord- Ing to reports, and no change in prices has been made. Meat prices are aboyt the same as last week. The meat market is not very brisk, and ample supplies are on hand. 8 Eggs—Strictly fresh, selected candled. per dozen, 36; average receipts, 35; southern, 34. Cold storage eggs, 27 Live poultry—Roosters, per 1b.. 15; turkeys, per b, 30a35; spring chick- ens, per 1b., 33a3; keats, young, each, 60; fowls, each, 26a27. Dressed pouitry—Fresh-killed spring chickens, per Ib., 35a38; hens, per 1 28; roosters, per ib., 17; turkeys, per I 2ba38; keats, young, each, 70a80. Live stock—Calves, choice, per 1b.. 14; medium, per Ib., i3a13%: thin, per €as. Lambs, choice, per 1b. 13: llve pigs, 3.00a8.00 each: live hol per Ib., 9. Green a7.0 fruits—Apples, per bbl., 1.76 Deliclous, No. 1. per bbl, 6.00a - California oranges. per crate, 6.0 Florida, 4.00a6.50. Lemons., per box, 5.00a6. Grapefruit, 3.002 4.25. Tangerines, 3.50a5.00. Vegetables—Potatoes, per bbl., ) 1, 1.50a2.00; per sack, 2.00a2.1 3, 50a1.00.” Sweet potatoes, Carolina, 75a1.50; nearby, Lettuce, per crate, southern, 2.00; Romaine lettuce, per crate, 1 2.00; Iceberg lettuce, per crate, 3.5 400. Cabbage, northern, 2.50a3.00 per 100 1bs.; nearby cabbage, per bbl. 1.50a2.50;" southern, 2.25a3.00 per basket. Eggplants, per crate, 2.50a5.00. toes, per box, Florida, 2.50a6.00. Beans, 2.0024.00 per basket. Peas, 3.00a5.00 per basket. “Peppers, per crate, Florid 3.00a4.00. Kale, ' per_barrel, 1.50a; Spinach, per barrel, 2.00a3.00. Celery, crate, 'Florida, 2.50a3.50. Brussels sprouts, 25a30, 'Squash, 2.00a2.50. GRAIN AND PROVISIONS. BALTIMORE, February 14 (Spe- cial).—Potatoes, white, 100 Ibs, 50a 1.35; bbl,, bu, 75a21.00. Beans, bu., 3.00a Beets, 100, 6.00a8.00. Brussels sprouts, qt., 20a25. Cabbage, hamper, 2.50a3.00. Savoy, bu., 1.00al.25. Car- rots, basket, 40a50. Caulifiower, crate, 1.50a2.00. Celery, crate, 1.30a2 Cucumbers, crate, 5.00a8.00. Egg- plant, crate 4.00a7.00. Horseradish, bu., 3.00a3.50. Kale, bbl., 1.75a Lettuce, basket, 75a1.75. Omions, 1bs., 1.50a3.00. Oyster plants, 100, 5.0027.00. Parsnips, bu, 1.40a1.50. Poas, basket, 3.00a4.00. Peppers, crate, 3.00a5.00. Radishes, basket, 50a2.50. Spinach, bu., 75a90. crate, 3.00a4.00. Tomatoes, 2.00a4.00. Turnips, basket, 35a50. Apples, packed, bbl. 75a1.50; ioose, 100 1bs., 1. ket, 50a75. Cranberries, 12.00. Grapefruit, box, 5 Oranges, box, 3.50a4.50. Strawberries, qt., 20a40. Tangerines, half strap, 2.50a4.00. Selling Prices at 12:30. Wheat—No. 1 red winter, spot, no quotation: 2 red winter, spot, 1.40; No, 3 red winter, spot, no quota- tions; No. 2 red winter, garlicky, 1.39; No. 3 red winter, garlicky, no quotations; January, 1.39. Sales—None. Corn—Cob corn, new, 4.25 per barrel; contract, spot, bushel; No. 2 corn, spot, 86 no quotations; track corn, ¥ No. 2, new or better, 88 and $9 per bushel, Sales—Bag lots of white, delivered, at 89. Oats—White, No. 2, 54 and 54% per bushel; No. 3, 53 and 53%. Rye—Nearby, 85a95 per bushel; No. 2 western export, spot, 99% per bushel; No. 3. no quotations. Hay—Receipts, 67 tons; for the bet- ter descriptions of timothy and light there was a fair demand under limg- ited receipts at a range of 17.00 to 21.00 per ton. Stra: o. 1 tangled rye, 116.00; No. 1 wheat, 11.00al2. oat, nominal, 12.00a13.00. TODAY'S CHICAGO PRICES. CHICAGO, February 14—Severe cold weather which diminished re- ceipts and led to crop damage pre- dictions made the wheat market average higher in price today during the early dealings. May delivery, however, representing wheat already on hand, was relatively weak as com- pared with July and September, the principal new crop months. Mis- | givings over the winter crop outlook were emphasized by assertions that there had been no growing weather to date and that moisture has been scant, especially in parts of Kansas and Oklahoma. The opening, which ranged from % off to % advance with May 1.23% to 1.23% and July 116% to 1.16%. was followed by a ! slight general sag and then by an ad- wvance all around to well above yester- day's finish, Corn and oats were governed chief- Iy by the action of wheat. After g unchanged to %al higher, May, .i5% to .16, the corn market eased down a bit but then scored | stight general gains. | Oats started % off to % up, May, | .46% to .46%, and after a little down- turn rose above yesterday's finish for all deliveries. Higher quotations on hogs gave firmness to the provision market. WHEAT— Open. High. 1231, 1.24% 1.22% 1.16% 118 118 115% 114 DAIRY PRODUCTS. BALTIMORE, February 14 clal).—Live Poultry—Turkeys, per pound, 35a42; old toms, poor and crooked breasts, 25; young chickens, 30; poor and leghorns, 22a26; winters, old hens, 24a26; small and leg- horns; 22a24; old roosters, 17; ducks, geese, 19a25; plgeons, pair, { guinea fowl, 40a60. Dressed pound, 36a4: roosters, 18 Poultry—Turkeys, old toms, 30a82; ducks, 25a30; geese, 20a25; capons, 37a38; medium, 35a36; small slips, 30a32, Eggs, loss off, native and nearby firsts, dozen, 34a35; southern, 33. Butter, creamery per pound, 50a51, prints, 51a53; nearby creamery, 45a 48; ladles, 36a3: rolls, 34a36; store packed, 32a33; per old process butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, February 14, (United States Department of Agriculture).— Hogs—Receipts, 22,000 head; 10 cents higher than Tuesday’s close; bulk 160 to 200 pound averages 8.30a8.40; top, 8.45; bulk 225 to 300 pound butchers, 8.0028.20; weighty kind mostly, 8.00; big packers, bldding less; bulk pack- ing sows, 6.76a7.10; desirable pigs, 7.50a8.00; 'heavy welght hogs, 7.85a 8.10; medium, 7.95a8.30; lights, 8.25a 845 light lights, $.0045.40; packing sows, smooth, 6.90a7.30; packing sows, rough, 6.60a.0 4 Cattle—Recelipts, 8,000 head; fairly active; run_ late in arriving; beef steers’ and butcher she stock, 15 to 25 higher; top matured steers, early, 10.00; some held higher; bulk beef steers and yearlings, 8.2529.76; can- ners and cutters strong; bulls, strong to 15 higher; veal calves scarce; steady to strong; spots higher; stock- ers and feeders about steady. Sheep—Recelpts, 13,000 head; open- ing active, generally strong to 25 early top fat lambs, 15.00 to bulk early sales wooled 14.25a14.76; heavy clipped 10.50; fall shorn lightweight, choice 89-pound fed yearling wethers, 13.25; one load choice 109- pound ewes, 8.25; feeders quist, killing pigs, 7.50a dairy prints, 35a36; | ~ce || Grain, Produce and, 3 DEMENDFORLAGO 1‘ SENDING UP WAGES Auto and Steel Plants, Textile Mills and Road Builders Must Have More Help. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 14—The ing crease in labor costs, regarded as in- evitable by those in closest touch with industrial conditions and pre- dicted months back in these columns, has already commenced. Common labor in the central middle west now is getting 39.9 cents an hour, in in- crease of nearly 10 cents an houg from a year ago. Farmers throughd out the northwest are offering in- creased wages to farm hands. In many sections the building tradesare assured of a marked increase begin ning June 1 and labor in the stee mills and industrial plants has be- come 80 un y that executives are exercising every possible method short of an actually announced in- 2rease to hold their pay rolls intact, The reason is plainly evidenced in telegraphic reports recelved within the last twenty-four hours. The market for labor is a sellers’ market, For example, in the Cleveland d trict 36 out of 100 plants employing normally more than 500 men cacl expect “to increase their working forces before the end of this month. Akron tire makers have announced that they are going to shove their and they have to have extra workers {10 do so. workers to do so. 6,000 Cars Per Day. The scheduled Ford production in Detroit of 5400 cars a day will be exceeded and the Ford Company aims at a 6,000-car-a-day rate by April More workers must be empioyed to gain those ends. The growth of the Ford pay rolls is being felt propor- {tionately in every other industrial line in the Detroit section, according to reports today. Investigators whoy have been seeking labor in Detroit and who have been trying to con- vince themselves that there would be a let down in automobile production are going away disappointed. They have found their answer in the e dence that plants are determined ta store up raw materials in order to have enough cars on hand to meefy next summer’s demand. The building program for the year has been estimated by some compe- tent observers at more than $5,000.- 000,000. Carpenters in Detroit are asking $1.15 an hour. Brooklyn plasterers who get $10 a day under the present scale and who, by work- ing one employer against another, have been getting more than that, are said to have decided on a mini- mum of $20 a day after April 1, with overtime. Lathers in the east are n negotiating on a piece-work basiy by which some of them, it is claimed, will make from $30 to $35 a day. Other Demands for Labor, Record building operations, highway construction, railway improvement work and mining will cause a decided scarcity of labor and higher prices in the northwest this summer, accord- ing to reports today from St. Paul. Building operations in the Twin Cities alone are expected to exceed $75,000,- 000. More than 50,060,000 tons of iron ore will be produced and nonferrous metals will be produced in Montana Utah, California, Idaho, Arizona an Colorado at a relatively increased rate. Highway improvements alone will total hundreds of millions of dollars, and the labor normally employed is scarce and bids for men are high. Government irrigation and reclama- tion work will furnish employment l'( increased rates to thousands, Farm- ers all over the country are already striving for more help and are being forced to pay increased wages to se- cure it. The south, with an increased cotton acreage estimated as high as 25 per cent, is woefully short of hands and is willing to pay for them. Steel Mills Swamped. Steel mills are rejecting more busi- ness than they are booking simply be- cause they cannot get men o turn out the finished products. This is true not only around Pittsburgh, bug in the middle west plants. Cotton mills in New England are rushing production and are fighting desperately against a shortened work- ing week, which for the moment has assumed more lmportance than in- creased wage scales. Lumber camps all over the south and west are seek- ing workers and are paying more for them. Mardi Gras Throng Helps Trade in New Orleans Special Dispafcl. to The Star. NEW _ORLEANS, February l4.—lu is confidently expected today that - with the passing of Mardi Gras retail trade here will show a marked im- provement. Holiday crowds attracted by the unique celebration were larger than for any year since the war and many will remain in the city for soms time for business reasons as well as, pleasure. "Phe recent cold spell, the worst of the season, damaged fruit and truck crops to some extent, but the loss was confined largely to seed and planting expense, as the areas can be replanted. Vegetables from this section will move to market late as a result, however. The cold spell is xpected to Tesult in firmer prices for trawberries, which have dropped from 75 cents to 30 cents a quart 0il Price Advances Boom to Philadelphia Special Dispatch to The Star. PHILADELPHIA, February 14.—- Advances_in the prices of ‘oil and gasoline have been followed by in- creased activity among refiners here. The industry is growing rapidly, and one of the refining companics has erected a large office building in the business section, which is now nearly completed; is adding extensively to its plant’ and building numerous homes for its employes. About 12.000 coal miners in the anthracite fleld are on strike for va- rious causes. Production of much- needed fuel has been curtailed in con sequence by about 21,000 tons daily A survey by the chambver of com- merce here, which has just been com- pleted, shows a shortage of 8,000 ap- prentices in various trades. Middle West Business Outlook Declared Bright* ‘Special Dispatch to The Star. p CHICAGO, February 14.—The out- look today is good for a healthy spring trade in-nearly all lines of business throughout the middle west, according to statements of visiting retailers now in this city. Automobile companies are buying large tonnage from warehouses in this district because mills are not able to deliver tonnages demanded. The advance of $3 to $5 a ton on finished steel here was not unex- pected owing to higher eastern prices and increased production costs. ASBOCIATIONS TO UNITE. CHICAGO, February 14.—The di- rectors of the American Wholesale Lumber Dealers’ Association have voted to amalgamate with the N tional Wholesale Lumber Dealers’ soclation, with headquarters in New York. The plan finally will be passed upon by the membership of both or- ganizations at_a Jjoint meeting in Pittsburgh on March 21. —_— Mrs. Knagg—I heard your husband boast that in all his married life he s had never exchanged harsh worde dwith you