Evening Star Newspaper, February 16, 1923, Page 26

2% » NEW STOCKS ARE PUSHEDTO FRONT Further Advances Made To- day in Prices—German Marks Higher. BY STUART P. WEST. Special Disputel to The Star. 3 NEW YORK, February 16.—For the most part stocks which had prominent earlier in the week on the stock exchange fell behind today and the ones which were taken up were the issues which hitherto had not figured so prominently. The only dif- ference between the market of today and that of previous days lay in the chofee of particular stocks for leader- <hip. “Ohc of these was Allls Chalmers The recent annual report of this comy surprised the street in that it showed despite the disadvantageous operating conditions during the first half of 1922 that the $4 dividend had been more than covered. Under these circumstances, with an llmus‘u.;lr:z\, large forward business on hand with a working capltal of $25.000,000, the dividend is regarded as safe, and therefore the stock on its interest re- ¢ turn has Leen looked upon as an at- tractive husiness man's investment Sugars Again Higher. Recovery in the raw sugar market was promptly reflected ‘in_ higher prices for the sugar stocks. The cop- pers did not make the response that might have been anticipated to the further raising of copper metal quo- tations—this time to cents. Sthl some of these stocks made new highs. Among the public utilities, Public Scrvice of New Jersey sold above 101 for the nrst time this vear on talk of an inereased dividend, and Utah securities was actively bought in an- ticipation of an exchange of stock with the Utah Power Company, which arning m than $4 a share, which had done little for sev- | days, came in for more atten- . under the lead of Reading, and Outlook. of consequence were those ovc- BEREsvETeREay < tior Review The only chang i the markets t 3 curring on the s change. Else- where the various DVOIMEnts were comparatively unimportant. HBoth of the French external loans dealt In on the New York market went lower again, but this time there was no accompanying deciine in French exchange »very continued in the German bringing the rate to the highest this year. In view of the fact that currency inflation has shown no signs of slackening, indeed for the last few wecks it has been going on at a more rapid pace than ever, it is easy to believe that the upturn has been brought about by artificial means, that is to s thro tervention of the Reichsba 3 German Marks Puszling, Of the various motives assigned for this action the most plausible is the ire to put a stop to the constantly ing prices, and through reducing o cost of 1iving help to remove the niin cause of unrest in Germany at what is 4 most critical moment. But at the same time it is quite possible that the surprising rally in the mark is genuine reflection of opinion that the German position with regard to the ultimate settlement the repara- tions question has been improved since the French entry into the Ruhr. In the stock market there was stili the same close connection that has heen observed all along between the individual share movements and the course of prices in the industries which they represented The remarkable serles of advances which have occurred since the first of r in oil schedules furnished a logical background for the upward awing which carried many of the oils to the best prices they have seen this year. In the same manner the con- tinued advance in the copper metal and in the price of zinc was reflected in the strength of these two classes of stocks. There was the usual shifting about of speculative interests from one part of the list to the other which gave the market an irregular appearance times, but on the whole there were no signs that forces which have been back of the movement during the last two months were letting down. National Biscuit Stro; National Biscult was strong today, due largely to puol activities, which are based on the favorable earnings position of the company. It heen reported in the street that National Biscuit during 1922 made very liberal deductions from net Income. amount- ing to about $3,000,000, in addition to cther charges contained in the twelve months' report. National Biscult 1§ 3 stood to be earning about $1.- 200.000 net per month on its new stock. The further LR L T T R TR T PO R TR T T sessaes reea strength in Kelly Springfield today was in anticipation of 1922 report due to be published next Monday. It {s understood that this statement will show more than 36 per share earned on the stock aft- er all charges, including liberal de- preclation. The 1923 income of the company, according to estimates, will Le at least 100 per cent larger than that for the previous twelve months. Prices Lower ut Close, In the last hour and a half of the Etock exchange trading the same jr- wegularity appeared as has been a characteristic of the market all week. Prices came down somewhat from the top ligures in the majority of in- stances, but special buying kel a number of directions, "© cPton in INCOME TAX FACTS. Losses arising from “fires, storms, . lhip\y're(‘k or other casualty or from theft” are deductible whether or not connected with the taxpayer's trade or business. 1If his dwelling or auto- mobile Is destroyed by fire he may de- duct the loss for the vear in which it occurred. Damage done to a home by direct action of a storm constitute «_deductible item. Allowance must, of course, be made for any insurance . received. The term “other casualty” within the meaning of the revenue act means one arising through the action of a Physical force of nature, for exam- . Ple, a flood or frost. In case of a collision between a truck and an automobile used for pleasure or convenience, the owner of the truck may claim’a deduction . for damages, provided at the time of collislon the truck was being used for business purposes. In such a case the amount expended by the owner of the truck for its repair is deductible from his gross income not as a loss sustained from an “other casualty,” but as an ordinary and necessary ex- vense paid or incurred during the taxable year in the carrying on of a ! trade or business. The owner of the pleasure car, however, is not entitled ; to such deduction. His car was not being used for business, nor was the loss sustained by “other casualty” as defined above. Loss of property by theft or bur- glary is an allowable deduction, and need not be incurred in trade or busi. ness. A loss for embezzlement is also . deductible. As a general rule, deductions for - losses are allowed for the year In which sustained. In exceptional cir- cumstances, however, and in order . more clearly to reflect income, the commissioner of internal revenue may permit a deduction for a loss other than in the year In which actually sustained. The taxpayer must ac- i count on his return for the loss in the TR wns e AN an avpdeuney Kaadaea TR BTN RENR sires to deduct the loss as for another period he must attach to his return a request for consideration by the com- missloner, together with a complete “= statement of the facts upon which the ~syequest it based, been ! period in which sustained: +If- he -de- FINANCIAL.. THE EVENING STAR, WASHINGTON, D. O. NEW YORK STOCK EXCHANGE Adv Rumley pf. Alr Reduction. . Ajax Rubber. . Alaska Juneau All Am Cable. .. Allted Chemical. Allis Chaimers. . Am Agr Chem. . AmAgrChempf. Am Beet Sugar. Am Brake Shoe. Am Rosch Am Can. i Am Car & F pf. Am Chicle Co. .. Am Cotton Oil. . AmCotton Oil pf. iAm Druggist. .. [Am Hide&Leath AmHide&Lea pf Am Internat'l Am La France. . AmLaFrance pf Am Linseed. . .. Am Linseed pf. . Am Locomotive. | Am Metals. Am Radiator. .. Am Roll Mill pf. i Am Safe Razor. Am Ship & Com. Am Smelting. Am Smelting pf. AmSnuff....... Am Steel Fay Am Sugar Am Sumatra. Am Tel & Cable. Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B) Am Water Wke. AmW Wk 6% pf. Am Woolen Am Writ Prpf.. Am Zinc & Lead. Am Zinc&Ld pt. Anaconda. . Ann Arbor. Ann Arbor pf. .. 0 Dry Goods. AssoDryG 1stpt Assoctated Oil. . Atchison. Atchisonpf..... Atlan Cst Line. . Atlantic Fruit. . Atl Fruit ctfs. ... Atlantic Guif. .. Atlantic Gulf pt Atlantic Ref. ... Atl Refining pt. Atlas Tack. . Austin Nichol Austin Nich pf. Baldwin Loco Balto & Ohio. Baito & Ohio pf. Barnesdall (A). Barncsdall (B). Barnet Leather. ! Becchnut Pack. Beth Steel (B).. 1 Beth Stl 7% (n) . | Br Em Stl 1st pf I Br Em St 24 pt. Bklyn Edlson Brooklyn Ed rts Bklyn Rap Tran Bklyn R Tr ctfs. Bklyn Un Gas.. Brown Shoe . Burns Bros B Burns Bros pf . . Butte Copper Butte&Superior. Caddo Oil California Pack Calif Petrol.... Calif Petrol pf.. Callahan Zinc. . Calumet & Ariz. Canad'nPacific. Carson HillGold Case Plow Wks. Case (J 1) pf.... Central Leather CentralLeath pf CentRR of NJ. Cerre de Pasco. . Chandler Motor. Chesap & Ohio. . Ches & Opt wi. Chi & Alton... Chi & Alton pf.. Chi Great W pt. ChiMil & StP.. ChiMi]&StPpt. Chi & Northwn. Chi Pheu Tool. . Chl R 1 & Pacific ChiStP M & Om Chile Copper-. . . Chino Copper-. ... Cluett Peabody . Coca- Colo Fuel..... i Columbla Gas. .. | Columb’a Graph Colum Graph pf. Comp Tabulator Conley Tin Foil. | Cons Cigar . | Consol Gas ne Cons Textile. Cont Can. Cont Canpf.... Cont Insurance. Corn Products. . Continental Mot Cosden & Co. Crucible Steel. . Cuban-Am Sui. Cub Am Sug pf.. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'ican. Cuban Dom pf... Davidson Chem. De Beers. - Del & Hudson. D Lack & Wstn. Detroft Edison. . Dome Mines. ... DuSS& Alt pf. Dupont (I 1) Eastman Kodal Elee Stor Bat. .. Elk Horn Coal. . Endlcott-John. . Lrie. .. Lrie 1st pf. i Erie 2d pt Exchange Buff. FamousPlayer: Famous Play pf. Fed Mines & Sm. Fd Mines & S pf. Fisk Rubber. . Flelshman Fifth AvBusw i. Freeport Texas. Geu Am Tk Car. Gen Am Tank pf Gen Asphalt. Gen Baking Gen Cigar g Gen Electric. . Gen Elec spl w Gen Motors. . Gen Motors pf.. Gimbel Bros. Gimbel Bros pf. Glidden........ Goldwin Corp. Goodricn. | Goodrich p! Granby Consol Gray & Davis. Gt Northern pf Great Nor Ore. . Greene-Cananea Guantanamo Su. Gult M6 & Nor. Gulf Mo & Norpf Guif St Steel..... Harbishaw Cab. Hartman Corp Hayes Wheel. Hendee Mfg. Homestalke. ‘Houston Oll.... Hudson Motors. Hupp Motors. . . Hydraulic Steel. Tliinols Central. Indiahoma..... Inspiration. Interbor RapTr. In Ag Chem pf. Int Cement. . InCombustionE Int Harvester. .. Int M Marine pf. Int Nickel....oo Int Nickel pf... Intl Paper. Int Sho Invincible 52 64% 14% 1 18 49% 33% 63% 46% 82% 40 98 1256% G 1% 35 7 12% n 28% . 109% High. 52 6o 14% 1 103 8% 513 33% 63% 47% 83% 41 984 125% 6% 1% 284 109% 12% 96 36% 58 127% 53% 84% 984 8% 18% 64% 101% 152% For Revised Close of Stock Market see’ Low. 52 . 6454 14 1 103 T6% 49% 32% 63% 46% 82 40 Close. 52 65 14% 1 103 8% 50% Iron Products. Island Ofi. Jones Tea...... Jones & Lighl pt Kansas City Sou Kansas & Gulf. . Kayser (Julius' { Kelly-Spr Tire. . Kelly-Spr 6% pt | Kelsey Wheel { Kennecott. . 40% | Keystone Tire 97% | Kresge (S5). 125% | Lake Erie & W. 614, Lake Erle& W pt 174 | Lee T & Rubber. 85 | Lehlgh Valley.. 7% | Lima Locomo. .. 12% | Loews Inc...... 71% | Loft Inc. 2815 | Loose-Wiles. .. 8 | 1%e | Mack Trucks. .. 96 | Mack Truck 1st, 351 | Mackay Cos pf. . 58 {Macy Co.... 127 | Magma Copper. 53y | Mallison & Co. . 84% Manati Sugar pf 98 |Manhat El Sup. . 8 | Manhattan Shirt Market St Ry... Market St prior. Marland Oil. Martin-Parry Mathison Alkiil. | Maxwell (A) Maxwell (B) May Dept Stores McIntyre Porcu. Mex Seaboard. Mex Sbd ctfs Miami Copper Middle St O11 le Steel... St P&S S M. K&Twi. 17'% | Montana Power. 38 | Montgom'y W'rd 70% | Moon Motors. 88 | Mother Lode 1307 1011, | Nash Motors atl Biscuit . atl Condulit. .. tl Enameling t R of Mx 1st. atl Ry of M 2d. evada Coppers N Or Tex & Mex. N Y Air Brake. . ir Brk (A) ntral.... *hi & St L.. YC&stL Y Dock N Y Dock pf. NY NH & Hartfd. ) & Western Y Shipbuilding orfolk & West Norf & West pf. orth American North Amer pf. orth Paclfic. { Nov Scotia Steel Olio Bdy & Blw. Ohfo Fuel Sup. . Oklahoma Prod. Orpheum Circult Otis Elevator. Otis Steel. 1 Otis Steel pf Yacific Oil. Packard Pan-Am Pete. .. Pan-Am Pet (B) | Panhandl Pennsylvan Penn Seabd St People's Gas. ... Pere Marquette. Pere Marq pf. Philadelphia Co. { Philadel Co pf.. Plerce- Arrow Pler: { Prerce O11. Plggly-Wiggl Pitts Coal. Pitts Coal p! j Pond Creek C Postum Cer Pressed Stl C pf. Yroducers& Ref. Prod & Ref rts. .. Pub Servof N J. Pub Serv pf..... Pullman Co. Punta Alegre. Ray Con Copper. Feading. : Remington. Replogle Steel. . Rep Ir & Steel Rep Ir & Sti pt Reynolds Spring R olds Sprrts. Rey Tobac (B).. Royal Dutch. ... St Joseph Lead. . St L & San Sran. St L & San Srpt. St L Southwn pf San Cecllia Sug. Savage Arms. .. Seaboard Atr L. eaboard A L pt Sears Roebuck.. Seneca Copper. . Shattuck-Ariz. . Shell Tr & Tran. Shell Unfon. ... Simms Petrol. .. Simmons. . Sinclair Oil. Sinclair pt Skelly Of1. Sloss-Sheffleld. . So Porto Sugar.. South Pacific. .. Southern Rwy.. Southern Ry pf. Spicer Mfg Co St Oil of Calif. .. StOllof NJ wi. StOflof NJ pf.. Steel & Tube pf. Sterling Prod. .. Stromberg Carb Studebaker. Studebaker pf. . Submarine Boat. Superior O1l.... SweetsCoof Am. Tenn Copper-.... Texas Company. Texas & Pacific. Tex Gf Sulphur. Tex & P C&O1l.. Tide Water Oll.. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Prod pf. Tol St L & W pt. Trans Contl Oll. Unton Ofl. 3 Unlon Pacific. . . Union Pacific pf. Union Tank Car Un Alloy Steel. . United Drug United Fruit United Ry Inv Utd Ry Inv pf... Unit Retall Strs. U § Food Prod. . U S Hoffman Mct U S Indus Alco. . US Realty. . US Rubber..... US Smelt & Ref USSmelt& Rpt. USSteel....... U S Steel pf. ah Copper. ... Utah Securities. Vanadium Corp. Van Raalte. V Raalte 1st p: Va-Cr Chemical. Va-Car Chem pf Va Ir Coal & C.. Vivadou........ Wabash........ Wabash pf (A). Web & Hellbrn. Wells-Far Exp. ‘Western Eleo pf Open. 50% % 5ot 108 231 2 43% 54 89 110% 40% 9% 24715 821 69 297 694 68% 20% 1% 5% 3 95 0% 68 33% 854 86 b4 445 9t 68% 39% 29 60 4% 161 T2% 19% 18% 18 28% 11te 30% 687 169 447 18% 48 1% 2415 24 11% - 104% Al's 1% 04 131 37 . 88 169 16 48% 6% 4% 23 1% 93% 60% 40% 46 107% 120% 69% 22% 42% 60 96% 24% 63% B55% 19 10% 80% 95 9% 114% 114% 114% 114% Received by Private Wire Direct to The Star Office High. 50% 49% 50 15 1% o 55% 108 28% 2 43% 54% 89 110% 4114 9% 247% 324 69 30% 70 70 20% 11% 59 . 4% 95% 70% 69 34% 851 864 58% 45 o'y 68% 39% 29 80 T 16'9 73% 1914 18% 18 29% 1% 30% 6874 16% 447 18% 48 T 2474 38% 16 4 31% 351 967% 12% b1% 69% 9374 33 68% 27% 6015 41% 117% 105 627 69% 120% 113% 12% 6% 2% 12% 50% 25 61% 24% 135 39% 56% 833 112% 53% 12% b 141% 6% 82% 3T 8316 169% 16 44% 8% A% 28% 1% 93% 61 41 46 108% 120% 69% 24% 44 60 66% 24% 63% 56% 19% 10% 30% 12% 95 Low. 56% 108 23% 2 43% 53% 89 110% 40% 9% 240 3214 69 29% 69% 68% 20% 11 5T% 73 9% 0% 67% 33% 35% 86% 54 44y 9% 68% :30 Edition of The Evening Star. Close. 1% 66% 108 23% 2 43% 54 89 110% 41% 9% 240 321 69 804 69% 69% 20% 11 85 74 85% 0% 68 34% 35% 86% 584 45 91 i | Truscon Steel preferred. 95 §25,000,000 BOND ISSUE ALL TAKEN Dutch East Indies Offering Goes Quickly—Today’s Trend Mainly Upward. By the Assoclated Press. NEW YORK, February 16.—Mixed price changes were noted in today’ early bond dealings, but the main tendency continued upward. Foreign issues moved within narrow limits, French government 8s and some of the French municipal issues ylelding slightly in response to the recent weukness of Parls exchange. Further recovery of New Haven mortgages was the outstanding development in the railroad group. The copper com- pany bonds were in good demand, Chile 6s and 7s each selling a point higher, but some of the steel and pub- lic utlitty company liens were heavy. United States government issues were irregular, victory 4%s and the new 4%s receding slightly, while the other 43 per cent bonds showed gains of 2 to 8 cents on $100. Announce- ment was made today that the $25 000,000 Dutch East indies issue of- fered yesterday had been oversub- scribed MANY FACTORS DISCOUNTED. One Reason Assigned for Lack of Activity in Bonds. Bpecial Dispatch to The Star. NEW YORK. February 16-—Bond prices today gave Indications that a great many factors that might make for higher quotations are being dis- counted A new and interesting feature of the investment situation is the amount of no par or common stock that ix being offered for sale, repre- senting various types of industrials. As a matter ‘of fact. this stock has been distributed rather better than some of the higher bonds as the in- centive to the buver is the possibility of speculative profit Liste is today were irregular. There was very good buying of the St. Paul issues, especially in the short term 48, which have railied 6 points from their low price of last month. The considerable supplies of good income-yielding bonds, such as Frisco prior lien 4s, Orogon, Washington and Navigation 4s, Rock Island refunding s and Smelters first 5s, confined price movements to narrow limit. BRTISH AUTO MAKERS RS, IMP[]RTS! May Put on Tarif—Brass Prices Raised—Other Notes From ‘Wall Street. 1 Special Dispatch to The Star. NEW YORK, February 16—Cables from London said today that British automobile manufacturers, alarmed at the large importation there of American motor cars, will meet short- 1y to ¢ der imposition of a tariff that will prevent what they believe to be a threatened destruction of the industry in England. Prices of practically all products of the American Brass Company have been advanced from % to 3% cent per pound. Ex-dividend today: American Power and Lighe ecommon, Southwestern Power and Light preferred, American Metal preferred, Ingersoll Rand com- mon, Lanston Monotype, Manhattan Shirt, Reading Company preferred, American Window Glass pn-(errell.t Officlal Washington reports say that Germau_importers are in American | markets for 50,000 tons of rye and that they are able to establish a credit. Arbuckle Brothers today advanced | refined sugar prices from 7.25 to § for delivery on or before February 24. The totul net income of Standard Ol of New Jersey in six months end- ing June 30 last was $12,256.13 i The Atlantic Terra Cotta Company ! has declared a 1 per cent dividend | on preferred stock, payable March li‘l to stockholders of record March 8. New York hank clearings. $904 000,000 New York bank balances, $83,000,000. New York Federal R =erve Bank credits, $71,000,600. ton bank clearings, $73,000,000. TRADING LESS EXCITED IN RAW SUGAR FUTURES By the Associated Press. NEW YORK, February 16.—The raw sugar market was firmer early today and prices were 1 cent higher, with Cubas quoted at § cents cost and frelght, equal to 6.78, for centrifugal, with sales of 5,000 bags for February shipments and 11,000 for March to oper- ators. The raw sugar futures market was lesa excited this morning and the undertone was firmer, owing to the higher ruling of the spot market. Opening prices were 21 to 25 points higher on covering and scattered buying by commission houses, but reacted under liquidation, and at midday were 13 to 15 points mnet higher. Fhe only change in refined was the re-entrance in the market of another refiner at 8 cents for fine granulated, with all now in at prices ranging from 8.00 to 8:30. The demand, how- ever, is only moderate. —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) | Bos- | i | { Ra‘s—Maturity, Bi4s March 15, 1023. 4182 Maren 13, 103 40" eemer. 15, 1923, 90 29-32 100 1-32 97y 100 09 100 101 9-18 ]Ol% 101 7-16 101 1116 « 100 5-16 10\1;? 89 15-16 100 1-16 475 December i 4% March 15, 1926, 43qs Beptember 15, 1926... 99132 993-16 4i3a December 15. 1997, . 991316 100 1:16 WesternMd.... 18% 14 18% 13% Western Pac pt. 59% 697 09% 59% Western Union. 114% 114% 114 114 West Alr Brke.. 116 118 115 118 Westhse El & M 67% 66 66 ‘Westhse 1st pf 7% % T | Wickwire. Wheeling & L 10% 10% 10% Wheel & L E pf. 181 18 18Y% White Eagle Ol 28% 28% 2815 ‘White Motor. .. 53% 53 53 White OiL.... 5% 5% b4 13% 12% 13 1% 4lu 41% Th O Th 1% 51 49% 50 32 82 32 216% 214 2154 ‘Worthington 39% 39% 39% Worthington(B) 69 70 69 70 Youngstn Tube. 77% 78 76 77 High. Low. Last, . Call Money. 5% 4 4 HOURLY SALES OF STOCKS. « 799400 ‘Wilson Co Willys-Ove Will's-Overld pf ‘WisconsinCent. ‘Woolworth. . IBklyn E { Montana Power 5s. ., FRIDAY, FEBRUARY 16, -1923. [res vorr BONDS 7o ] Received by Private Wire Direct te The Star Office. For Revised Close of Bond Market see, 5:30 Edition of The Evening Star. LOCAL WHOLESALE MARKET. (Bales are in $1,000.) UNITED STATES BONDS. Bales. High. Low. 94 10178 101 70 Close.. 101 74 Lib 2d 4% s Lib3d4is... 323 9908 9894 9898 Lib4th 4l e.. 1166 9894 9878 9880 Victory 4%s.. 60 10020 10016 10018 US4is1952.. 108 10002 9998 10002 FOREIGN. Bales. High. 21 102% 22 99% 6 95% 16 984% 9 111 6 92% 18 6% 5 B4% 967 103 100% 102 100% 99% 103% 101% 104 51% 110 20 9% 844 109% 97 94% 93% 87 95 9144 96 93% 92% 817 78'% 5% 5 54% 357 90 99 1111 9814y 0% 0% 1014 9: Low. Close. 102 102 99 99 94% 95% 97% 98% 11 11 923 ki3 84y 96% 102% 100% 101% 100% 99% 103% 1017% 103% 51 110 Argentine Ts Belgium 7%s.. .. Beigium 6s. Belgium 8s Bern 8s. .. Bolivia 8s. Bordeaux 6s. Brazil 7 Brazil 8 Brazil 7 % 84% 96% 102% 100% 101% 100% 99%, 103% 101% 1047 51% 110 89% 99Y% 84 109% 874 94 93% 87% 94% 91% 96 9314 9213 5 .13 Canada 68 1926. ... Canada 5%s 1929.. Canada 58 1931. Canada 63 1952 Chile 85 1946 Chile 85 192 Chile 83 1941 Chinese Gov Ry Christiania 8s.. Copenhagen 5% ‘uba 6%swi..... Czechoslovakia 8s. Denmark 8s. . Denmark 6s. 29 Dutch East I 6s'47 153 Dutch East 1 63 '62 138 FramericanID7%: 6 French Govt 8. ... 26 French Govt T4s.. 43 Halti 6sctes...... 7 Japanese 1st 414s.. 12 Japanese 2d 414 30 Japanese 4s. 6 Jergen UM 6s°47.. 2 Lyons 6s. Marseilles 6s. Mexlco s Mexico 4. Montevideo 86 1 20 9 . 12 3 30 45 5 12 Queensland 6s. ... Kio de Jan 8s 1946, Rio de Jan 8s 1947, Sao Paulo, City, §! Sao Paulo,State, §: eine. Dept of, 75 erbs CrotsSlov 8s Solssons 6s. Sweden 6: Lo SwissConfedsfss. Tokiobs.......... 10 Ud King'm 5145 °29106 Ud King'm 5105 '37 12 103 ‘nSteamCopenés. 2 884 Uruguay 8s....... 2 105l MISCELLANEOUS. Ajax Rubber§s... 2 AmAgrChem 7'3s 4 Am Cotton Oil bs.. 5 AmSmelt&R 15t 5s. 19 Am Sugar Ref 6s.. 21 AmT& Tev 6s.. AmT & Tel tris, AmT& Teltriés.. Anacan evd Anacon 1st 6 rmour & (‘o 4%s. Atlantic Refin § Bell Tele P: 94 9813 100 Ribe 61 3 105 118% 7214 1154 1 14 Beth'm I Bethrm Brier H St 1st son Bklyn Ed gen bs Bush T Bldg &s '60. Central Leather is Cerro de Pasco 8s. 4 “hile Copper 6s...110 Chile Copper Ts. .. 107 Con Coal Md 1st 5& 10 Cub Cane S cv d 8s. 84 Det Edison ref 6s 7 Du Pont de N 6 Duquesne Lt 71, Dugquesne Light 65 E Cuba Sug 73 Empire F&G 7 Fisk Rubber 8x Gen Elec deb fe. .. Goodr'h (BF) 61 ody Goodyear Tr bs Humble O&R Indiana Steel 5s. Int Mer Marine 6s. Int Paper1stis A. Int Paper 1st s B. Kell gfield 8s. Lackaw'a S 58 Lackaw'a S 585 Liggett & Mye: Liggett & My Lorillard (P Magma Cop cv Ts Manati Sug s 7% Mexican Petrol §s. Mic Midvale Steel 1o couBSrmsekNatoSlemomnoon Sa rris&Colst 414, New Eng Tel 53... ¥ Edison 1st 6348 NY G ELH&P bs. N Y Tel 63°41..... NY Tel 438 N Am Edison N States Pow 6s. Northwst B Tel 7s. Otis Steel 8s. . Pacific Gas & E1 53 PacT & T 5s'52 Packard Motor 8s. Phila Cp ref 6s A Producers & R §: Producrs & R 8sw Public Service § Punta Alegre 7s. Sinclalr Oil - Sin Crude Ofl 533s. Sin Pipe Line 6= So Por Rico Sug 7s. St Oll of Calif Ts... Steel & Tube 7s Tide Wat Ol 61es. Tobacco Prod st 7 Toledo Ed'n 1st 7s. Union Bag & P U S Rub 1st rf 5 U 'S Rubber 7145, U S Steel sfb5s. Utah Pow & Lt Va-Car Chem 7s. .. Va-Car Ch 73s sw West Union 6%s. ‘Wickwire Spen T Wilson & Co 1st 6s Wilson&Cev T¥%s. Wilson & Co cv 6 Winch'tr Ams T%s e E— TODAY’S COTTON PRICES. Opinion on French Efforts in Ruhr Market Factor. NEW ORLEANS, February 16— Early exports from several ports of about 20,000 bales, better cables than due and a somewhat more favorable opinion of French efforts in Germany put the price of cotton 7 to 13 points higher in the first half hour of the session today. March advanced to 28.34, Cotton opened steady. March, 28.32; May, 28.22; July, 27.76; October, 25.00; December, 24.75. 5 Noon bids stead. March, 28.47; May, 28.39; July, 27.95; October, 25.12; December, 24.83. NEW YORK, February 16.—Cotton futures opened steady. March, 28.18; May, 28.35; July, 27.80; October, 25.43; 11:45 am. blds firm; March,’ 28.25 May, 28.49; July, 27.96; October, 25.49; December, 25.18. ‘WOOL DEMAND LIGHTER. BOSTON, February 16.—The Com- mercial Bulletin tomorrow will say: “The demand for wool has been rather irregular, and on the whole hardly so heavy as a week ago. Prices, however, keep very firm, as they ought, in view of the fact that this Is still the cheapest market in the world. Foreign wools have comprised the bulk of the busine: although some domestic territory bright fleeces have been moved also at firm prices.” v - e 9w =aBatie .. 176 9892 9880 9880; 193 9876 9862 9864 92% ¢ RAILROADS. Bales. High. Low, Close. Atchisongends... 8 89% 89 89% Atchlson adj4s... 1 80% AtlanticCLeclds.. 1 81% B&ODfindkse... 16 94% B & O gold 4s 9 8% B&O6s 101 B&Ocviks 81 B & O ref 5s 5 84 B&O PLE&WYV 4. 76 B& OSW dlv 2igs. 94 Bklyn RT 4s 2002. Bklyn R T 5 . Bkiyn R T 5n ctfs. . BkIynR T7s°21, .. BKIRT 7s ‘21 ctfs. Bkl RT 721 ct sta. Buff R&Pitts 4%s., Canadizn North 7s. Canad Pac deb 4s. . Car Clinch & O 5., Central Paclfic 4s. . Ches & Ohio cv § Ches & O cv 43 s Ches & O gn 43;5. . Chi & Alton 3s. . Chi & Alton 3338 Chi B&Q gn 45 '58. Chi B&Q 1st rf 53. . Chi & E 11l gn 55 ChlGreat West 4s. ChIM&S P rf 41, ChIM&St P ov 5s. . ChI M&St P 4525, . ChiM&S P ov 4345, Chi M&St P 45'34. . Chi & NW 61z Chi & N'W 7s. 100% 101 80% 80% 66 66% 7% 77 T6% 93% 94 94 9% B89% 90% 90% 80 90 90 4% 94% 87% 62% 62% 28% 28% 87% 874 100 100% 80% 81 53 53% 61% 62 69% 80 67 74 80% 6T% 4 108y 109 81 81 803 74 ChiRT& Pac rf 4s. Chi & W Ind cn 4s. CCC&StLre6sA.. Cleve Term 514s. Colo & Sou 414y, 4 103% 103% 84% 85 Del & Hudson 5135 D &R G 1st rf 5s. . Det United 434s. Erle 1st con 4. Erio gen 4s. Erie conv 4 A. . Gr Trunk =f deb 6s Grand Trunk 7s. GrNorth gen 7s. Gr North gen 515, Green B & W db B, Havana ERL&P 53 Hud & Man ref Hud & Man aj & Tl Central ret 4. 1l Central 5138 Int Rap Tran Int R Trausit 7s... Int & G Noraj 6s. . Towa Central rf 4s. Towa Cent 1st 5s. Kan City Ft S 4s Kansas City S 35 Lake Shore 4531, Lehigh Valley 6s. . Louis & N Louts & 3 Manhat Ry cn ts.. Market Sten 5s. . Mich Central db 4s Mil EI Ry & L M StP & SSM Z &Tlstds.... ME&TprinisA MK&T6sC. MK & T adj 5s Mo Pacific fs. Mo Pacific gn 4s. .. Montreal Tm 1st Nassau E Ry 455 N'Y Cent deb 6s. N ¥ Cent deb 4s. N Y New Haven cd 6s. New Haven d 4s 5T New Haven 7. New Haven NY W & Bos 41gs. Norfolk & W cn 4s Norfoik & W cv 6s. Northern Pac 3s... Northern Pac ds. .. North'n Pacr 1 65. Northern Pac 5s. .. Ore & Calif 1st 5s.. O ShortLcn 55'46. Ore-Wash 1st rf 4s 83 57 57 47% 47% 48% 48% 104% 104% 109% 109% 4 101% 101% 11 12 84y 841y £23, 82% 63% 63% 857 85% 102 102 1% 9215 93 4819 49 3 764 68 93 93 103 103 90% 90% 104 104 63 63 924 924 9l 911y 864 861 104 104 B T8Y B1% 81% 958 95% 62% 62% 96k 961 61% 61% 891 B9% 664 661 10413 1047 73 77 €8 e ~20eNanluRubane SuBaara=SeonuaRaant [ 65 69 42 42 7203 60% 61 45% 45% 91 a1 115% 115% 613 61 85 85 1073 107% 98 98 997 99 103% 103% 797 100t 013, 4 109% 110 96 854 8614 683 83% 64% 92% 79% oo 19 EXR-TNT- - 100N Pennsyl gen 5 Pennsyl gen 413 Pennsyl 6%s. . Pennsyl gold 7s. Pere Marq 1st 5s. Reading gen 4s StLIM&S 4s°'29. StL&SFpl4saA. L&SFincés... StL&SF5isD.. StL& ST adj 6s StL&SFplésC. StLSW st 4s San A & Arn P 4s.. Seab'd A Liref 4s Seab’d A L adj is.. Seab'd A L con 6s.. Sou Paclfic cv 4s... Sou Pacific ref 4s. . Sou Pacific clt 4s. . Southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 612s. . 6714 86% 821 6815 101% 101% Third Ave adj 5= Union Pac 1st 4s Unlon Pac 1st rf 4s Union Pac cv 4s. CUnion Pac cv 6s. Virginia Ry 1st 3s. Wabash 1st 5s..... ‘Western Md 4s Western Pacific is. West Shore 1st 4s.. 83 83 Wisconsin Cent 4s. 8 78 TOTAL SALES (Par Valve, 1la.m.. 2830000 12noon 5112000 1p.m.. 6896000 2p.m.. 8694000 —_— LIVERPOOL COTTON. LIVERPOOL, February 16.—Cotton —Spot, moderate business; prices firmer. Good middling, 16.13; fully middling, 16.03; middling, 15.93; low middling, 15.68; good ordinary, 15.18; ordinary, 14.88. Sales, 7,000 bales, in- cluding 5,300 American. Receipts, 12,000 bales, including 11,400 Ameri- can. Futures closed steady. February, 15.58; March, 5 May, 15.37; July, 15. Deécember, 13.6 January, 13.51. 9474 104% 104% 96t 96 98 98 63% 63 1043 9613 98 63% 825 83 8 — BUTTER PRICES HIGHER. CHICAGO, February 16.—Butter higher; extras, 5114 standards, 521; extra firsts, 491:a5014; firsts, 47 $81;; seconds, 45m461%. Eggs lower; receipts, 10,941 cases: firsts, dozen, 34a34%; ordinary firsts, 30a32; mis- cellaneous, 33a34. —_—— ARKANSAS VIGILANTES “CONTINUE ACTIVITIES” Wife of Druggist Tells Legislative Committee She and Husband Were ‘Warned to Leave Town. By the Associated Preiss. LITTLE ROCK, Ark., February 16.— Atempts to drive alleged “unde- sirables” from towns along the route of the Missouri and North Arkansas railway still are being made, it was oharged at a session here of the joint committee of the Arkansas legislature investigating recent disorders in towns on that railway. Mrs. Homer Porch, wife of a drug- ist at Eureka Springs, Ark., testi- fled that Tuesday might she &nd her husband were asked to leave town by a “committee of twelve” whose names she gave. She said she believed that the reason was that she and her hus- band were “undesirables” and ex- pressed the opinion that her hus- band's offense was in testifying in court that he “didn‘t believe Ollie Pritchett could get a fair trial in Carroll county.” Pritchett, who is under indictment for bridge burning, has been granted a change of venue. F. W. Griffith, a striking firema testified that during the recent dl turbances he was in Leslie and was given the “white ribbon of safety” by the local “committee.” He later returned to Harrison, and Thursday of last week, he sald, three men whom he named gave him until Monday to leave. He Tleft Mnndl{i taking his family to Searcy, he-sa! 80% 801 |ments of cabbage. 81% 81% | weather conditions has been experi- 94% 94% |enced and the cabbage, the most ex- 8% 8% | pensive vegetable, 15 being received 86' 86% | southern, 35. 87% | turkeys, 8515 85% |ens, per Ib., 33a45 69% | 1b.. 6as. 109% 109% |27.00; Delicious, No. 1, per 80% 1 4.25. 101% 101% | 4 100% 100% | 5 52% 62%12.00; Iceberg lettuce, per crate 2 11415 11415 | 2.0024.00 per basket. 1% 1350 “pounds 39 39% | py 77% | during the early dealings. 9214 | 82% higher, May, 461 to 461, and later FINANCIAL. .Grain, Produce and Live Stock Owing to the wet weather in Flor- 1da there was an interruption to ship- A change in in larger shipments. The Florida cab- 8315 83% |bage is much higher than the nearby 76% 75% |product, being about 10 cents a pound, 93% 93%|but buyers are willing to pay the 1% price. 774| Florida grapefruit and oranges are plentiful and reported as being rea- sonable. No changes in butter, eggs or cheese 90% | prices were reported. The market is about the same as yesterday, although 114% 114% | the egg market was reported firmer. 80% | ~ Egga—Strictly fresh. selected candled per dozen, 37a38; average recelpts, 36; Cold storage eggs. 27. Live poultry—Roosters, per lb., 16: per Ib., 25a30; spring chick- keats, young, each, 60; ‘fowls, each, 2. Dressed poultry—Fresh-killed spring chickens, per Ib., 35a38; hens, per Ib.. 28; roosters, per ib,, 18a19; turkeys, per 1b/, 30a35; keats, young, each, 70a%0. Live stock—Calves, choice, per Ib. 14; medium, per Ib., 13a13%: thin, per Lambs, choice, per 1b. 13: 1ive pigs, 8.00a8.00 each; live hoE®. per 1b, 9. 15 bl 1. Green fruits—Apples, "“b‘.’,L‘."‘-“‘ per crate. Lemons, 3.002 9. California oranges. 5.00a6.00; Florida, 4.00a5.50. per box, 5.00a6.00. Grapefrult, Tangerines, 3.50a5.00. ki Vegetables—Potatoes, per bb N, 1.50a2.00; per sack, 2.00a2.10; No- 2, 50a1.00. Bweet potatoes, Carolina, 75al.50: mnearby, Lettuce, per crate, soulherl:;‘ .00, Romalne lettuce, per crate, 1308 4.00. Cabbage, northern, 2.50a3.00 BOF 100 Ibm; nearby cabbage, per bbL. L50a2.50; southern, 235a3.00 per tgra‘-’!"‘(‘: Eggplan er crate, )a5.00. = toes, per 2 Florida, 2.50a6.00. Beans, ‘Peas, a.oo-%‘uo pet basket. "Peppers, per crate, 3.00a4.00. Kale, per barrel, Spinach, per barrel, 2.50a3.00. crate, Florida, 2.50a3.50. eprouts, 25a30. Squash, GRAIN AND PROVISION BALTIMORE, February 16 (Special), —Potatoes,white, 100 pounds, 50a1.35; 2! barrel, bushel, yams, bar- bushel, 60a75; beans, beets, hundred, sprouts, quart, 0a3.00; Celery, Brussels 1.25a2.00: rel, bushel, 1.00a; ket, 46a50; caullflower, 2.00; celery, crate, bers, crate, 5.00a8.00; eggp 4.0047.00; horseradish, bushel, 3.50; kale, barrel, '1.75a2.00; let- tuce, basket. 75al.7! onions, 100 pounds, 1.50a3.00: oysterplants. hun- dred, 5.00a7.00; parsnips, bushel, 1.40a 1.5/ peas, basket, 3.00a4.00; peppers, crate, 3.00ab.00; radishes. basket, 50a 2.30; 'spinach, bushel, 75a90; squash, crate, 3.00a4.00; tomatoes, 2.00a4.00; turnips, basket, 35a50. Apples, packed, barrel, 2.50a5.30; bushel, 75a1.50; loose, 100 pounds, 1.6022.00; basket, §50a75; cranberrles, barrel, £.00a12.00; grapefruit. box. 2.50a3.50: oranges, box, 3.50ai. rawberries, quart, 20a40; tangerines, half strap, 2.50a4.00. T Selling Prices at 12130, Wheat— 1 red winter, =pot, quotations; . 2 red winter, spot, 1.35%:; No. red winter, spot. no guotations; No. 2 red winter, garlicky. 1.341; No. 3 red winter, garlicky, no February, 1.34%. savoy, 3.00a no Corn—Cob corn, new 4.35a4.40 per barrel; contract, spot, §33% per bushel No. 2 corn, spot, 85%, No. 4, no quota-*| tions: track corn. vellow, No. 3 or better, 90_and 91 per bushel. Sales—None. Oats—White, No. 2, 55 per bushel; No. 3, 54. Rye—Nearby, 85295 per bushel; No. 2 western export, spot, 9 per bushel: No. I, no_quotations. Hay Receipts, 94 tons: for the bet- ter descriptions of timothy and light there was a fair demand under lim- ited receipts at a range of 16.00 to 20.00 per ton. Straw—No. 1 tangled rye, 15.00a 16.00; No. 1 wheat, 11.00a12.00; No. 1 oat, nominal, 12.00a13.00. TODAY'S CHICAGO PRICES. CHICAGO, February 16.—Absence of any remewal of yesterday's heavy selling led to a moderate upturn of | | RAIL EQUIPMENT ORDERS PILING UP Manufacturers of Cars and Engines Plan Increase in Plant Capacity. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 16.—Man: facturers of rallroad equipment ars planning increased plant capacity as a result of demands now being made upon them. Some of the companies probably could operate at a profit throughout 1923 on the orders they now have if not another dollar's worth equipment was bought until Decemn ber 31. There has been no check in the flood of orders for new railroad equipment since January 1. Unfilled orders for locomotives alone today amount to over $125,000,000, according to rail- road men. Orders for freight passenger s have been on equally extraordinary seale. Con- servative estimates of capital ex penditures by the railroads of the country throughout the coming year, tncluding new_ track, cars and loc motives, are placed at over $700,000, 000. The equipment cannot be turn ed over complete to the railroads in less than six months. Latest Equipment Orders. An accurate indication of the exter of the movement for additional equip- ment among the carrlers is found iu the order of the Pennsylvania Railroad Company for 275 locomotiv one lot with the Baldwin 1. Works. This brings the total by that road since January 1 to 500 en gines. The Norfolk and Western will Be In the market within a short for 1,000 box cars, 2,000 coal cars, twe passenger locomotives and eighty frelj engines. Railroads in western territory are shopping for approximately 20,000 freigh cars and several hundred locomotiv: The Terminal Railroad in St. Lou alone has determined to put $16,000,000 nto mprovements and new equipnie mmediately, with an additional p: gram involving $25,000.000 in prospect. Trafic Swamps Railroa The rush of manufacturers to lay 1 stocks of raw materials and the demand for finished products has taxed the freight capacity of the railroads to the utmost this month, and it is expected that export shipments will speed up as a result of favorable action by Con gress on the British debt settlement measure. A The electrification of which as yet has scarcely been touched, is expected to advance tre- mendously this year. and in anticipa- tion of this the General Electric Con:- pany and American Locomotive Con pany have entered into an arrang ment whereby the electric locomoti of each company will approach each other more closely in design and co struction. This activi raflroads. is calling for a stantly increasing number of s artisans and mechanics. Possible wage trends in the metal rtades were indicated today by announcement that several thousand employes of the co-Lowell machine shops in gland will receive a wage incr: effective February 25 Ford's Winter Car Sales. The winter sales of the Ford Moto Company have been 1 most_optimistic estimate. to reports from Detroit today. output for February is now expect to reach 125,000 cars. With 108000 vehicles turned out in January, the first two months of the year are cx- pected to exceed the records for ihe corresponding months last 1 130,000 cars. The call for tracks ha been such as to induce some turers of commercial vehicles to do ble their production schedules for the next few months. Demand for farm labor in the northwest is not confined to the United States. Calls for assistance in this regard are coming from the Ca- nadian grain flelds and the Canadian Pacific railroad 1s conducting a c palgn abroad in Great Britain, Bel- gium, Holland and Denmark to at- tract’ farm laborers to the mnort west. . Sales of copper have reached sur con- illed prices in the wheat market today {PTiSing proportions in the last week, The_fact that rural offerings of all kinds of grain were light tended further to restore, some measure of confidence among bulls, ana so likewise did the indifferent response which the Liver- pool market made to declines in America. Notice was taken, too, of a_reduction in estimates of 'the Argentine exportable surplus wheat. The opening, which varied from unchanged figures to half cent higher, with May 1.19% to 1.20% and July, 1.15% to 1.153%, was followed by ains all around and then something of a reaction. Corn and oats were firmer with wheat. After opening % to i higher, May 74% to 74%. the corn market scored a slight additional upturn. Oats ~ started unchanged to 1 continued to harden. Higher quotations on hogs gave a | of | junction points. both for domestic consumption and for export, and the copper properties of the west are grdually increasing output. Ratiroad Service Better. BOSTON, February 16.—Railroad service throughout 3 gland is steadily improving, although there is still a good deal of congestion at It is still difficult U obtain early deliveries of many es sentlal building materials, such plumbing and heating supplies. Freight Traffic Increases. ST. PAUL, February 16.—Freigh! tonnage received and originated St._Paul terminals last year totalec 10,750,000 tons, a gafn of 2,500,001 tons over the previous year. Less Passenger Traffic. SAN FRANCISCO, February 16.- Figures compiled today by local ship ping men indicated that while there little strength to the provision mar-|has been a decrease in passenger ket. Open. Hi Low. . LIoh 1. % : i 1 2 Close. 118 1205 201 158 1184 PORK— TARD— Nomin 1132 145 1 11.32 145 11 DAIRY PRODUCTS. BALTIMORE, February 15 (Spe- Live poultry—Turkeys, Ib., old_toms, 30; poor and crooked breasts, 23; young chickens, 30: poor and leghorns, 21a26; winters, 35; old hens, 24a26; small and leghorns, 22a 24; old roosters, 15a16; ducks, 20a27; geese, 17a25; Digeons, pair, 30a35: guinea fowl, each, 35a40. Dressed —Turkeys, 1b., 36a43; old toms, poor and crooked breasts, 25: chickens, 30a32; old and mixed, : old roosters, 16: ducks, 26a30: 20a25; capons, 7a38; medium, : small slips, 30a32. Eggs—Loss off, native and nearby firsts, doz., 36; southern, 36, Butter—Creamery, fancy, ib., 50a51; prints, 51a63; nearby creamery, 45a. ladles. 36a38: rolls, 34a36; store pack- ed,- 32a33; dairy prints, 35a36; proc- ess butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, February 16 (United States Department of Agriculture).— Hogs—Receipts, 26,000 head; opened steady to 10 higher; later weak to 15 lower than Thursday’s; bulk, 160 to 200 pound averages, 8.4088.65; top, 8.75 early; bulk, 230 to 300 pound butchers, 8.06a8.25; packing sows, mostly 6.75a 7.10; plgs, 7.26a8.25; heavy-weight hogs, 7.90a8.20; medium, 8.10a8.40; light, 8.30a8.65; light light, 8.00a8.60: packing sows, smooth, 6.90a7.30; pack- ing sows, rough, §.60a7.00; kiiling pigs, 7.5088.25. 3 Cattle—Receipts, 6,000 head; ‘slow; beef steers, weak to 25 lower; better grades matured steers showing most decline; killing quality, fairly good; bulk, beef steers, early, 8.00a9.25; top matured steers, early, 9.50; some held higher; she stock generally steady to 25 lower; better grades beef cows and heifers reflecting most decline; bulls, strong, ~ veal calves, scarce, about steady’ stockers and feeders, slow. Sheep—Receipts, 14,000 head; open- ing fairly active: kiliing classes, un. evenly steady; early fat lambs, top, 15.45 to shippers; choice fat wooled lambs, scarce: clipped kind, mostly, 12.50a12.76; fail shorn, up to 12.90; one load choice 90-pound fed yearling wethers, 13.25; about 750 Colorado-fed 114-pound ewes, 8.40; nearly 600 feed. ing and shearing lambs, 15.00 to fin- ishers. travel to the orient in the last thre. months, American ships have been less affected by this falling off than have the Japanese liners, and that the American records, in proportion to those of the Japanese and Ca nadian traffic, are almost phenomena! Note of Caution Sounde DETROIT, February 16.—Despite the fact that manufacturing opera tions are being carried on at an un precedented rate and that other fac- tors of the business situation except transportation are favorable, the in- dustrial leaders of Detrolt are b ginning to voice a note of cauti No fear is expressed as to the co: tinuation of good business conditio tkroughonut the year, but there is il undercurrent of sentiment that “busi- ress is speeding up too fast.” Atlanta Business Good. ATLANTA, February 16.—The cold weather of this week has produced a £ood demand for winter-end goods at the local department stores, and there has been little, if any, slackening in buying of spring lines. Voluntars reduction by 50 per cent of the frelght rate on calclum arsenate by southern carriers is expected to effect a de- clded reduction in the price of the boll weevil poison to consumers. (Copyright, 1923.) NEW YORK RESERVE BANK. NEW _YORK, February 16.—The state of condition of the Federal Re- serve Bank of New York at the close of business February 14 show. Total gold reserves, $§9 46.50 total reserves, $1,002,763,966.80; bills discounted, secured by government war obligations, for members, $25 758,175.00; all others, $34,49181 bills bought in open market, $29, 392.86; total bills on hand, $324.04 381.99; total earning assets, $377,27 631.99; uncollected items, $153,97 164.72; due to members, reserve & count, $ 85,804.41; total deposit $778,493.4 federal reserve no in actual circulation, $560,010,229. ratio of total reserves to depo: federal reserve note liabilities ¢ bined, 74.9 per cent EX-DIVIDEND TABLE. Feb. 10— Hart Schacner & Marx. g.... S New Orleans, Texas and Mexico, Timpkins-Detroit Axle, pf, Q.- Feb. 20— California Petrol, q. . Homestake Mining, monthly . Standard_Oil of California. Feb. Mahoning Investment q. Mahoning Investment 1 Lead, q. pf. ©Ohio Remington Type., 1 'pf, accum Standard Oil of New York, q Weher & Heilbroner pf, .. Feb. 26— Deluware & Hudson, q