Evening Star Newspaper, February 17, 1923, Page 10

© 10 » FIN REALIZING SALES SLOW U STOCKS Market After Very Busy Two- Hour Session. Closes Irregular BY STUART P. WEST. 1 Dispateh to The Star. 2 v YORK, February 17.—In the stock market of today fresh buying appeared in some sectlons of the list. but on the whole it was more than outweighed by realizing sales com- Locomotive made a new 1 ing from the pool and trading ele- ments which were reducing their commitments, according to the ordin- custom over the week end. Copper shares responded to the in- case in the price of the metal with further small advance, which, how- ever, wag lost toward the end. Oll shares were extremely mixed, Texas Company, Sinclair and Marland were actively bought on the rise of mid- continent oil prices. California Pe- troleum was heavlly sold. Baldwin Touches 142. Baldwin high at 142 in the first hour, but later than relinquishedi the ~gain. hares did little and rails were comparatively neglected. Taking the majority of the =pecialties the pools ein dissatisfied with merely holding without attempting h on the side of ad- ance 4 interests which have recently over the market end of Iron s were able to put the stoc high, this probably on ac- { very good earnings of the company. Retail Stores and_the Taba Troducts did better. Kel ( was the strongest of its mo Steel eady thing f New taken due to & new count of the Springf sroup. "News Hooats Market. v's marke! were once again olled pretty much by the ch: of the domestic trade new: week end reviews of the busi- ness situation were favorable, and they were backed up by such con- crete dJevelopments this morning as another rise in the price of the cop- por metal to 15% cents a pound, a ten-cent-a-barrel advance in crude il over all the midcontinent fields 1d well defined reports that the bher and tire companies were plan- = au immediate advance their =chedules, On the other hand, was the close of the weck on the Stock exchange, 2 vek of in prices, where large profits had piled up in the hands of ¢ traders. Thix was a considera- ong with the magnitude of the recent upward movement that, to a sc extent, balanced the encourag- trade reporis. Wall reet Features and copper shares made response during today's| trading sesslon to the further in both crude oil and the mcial. AMid-Continent crude ns were raised 10 cents a rrel following the tion spper highest fo Copper stoc bly Kennecott, ah and Cerre » Pasco-—rose a little, and although of them made much headway, o rise in some cases wus sufficlent ry stocks just above their pre- top of the year. Tirs Ntocks Strong. The tire stocks were strong in the market today. Increase in tire quotations wis regarded as a prol ability over the week end. Just how large an increase would be ordered, it was reported, was to be declded upon later in the day. The rubber situa- on is such that most of the tire anufacturing companies are in a 1 ion to jump the prices of their product The market for crude rubber, after | nking speel a short time ago, has back over most of the ground and is now sclling around 37 a come lost et The ge ldwi list_closed irregular. ! Locomotive was off nearly 3 from its high and Steel com pointlower on the da Anaconda was suddeniy taken up and pushed through fifty on e transaction: This had stimu-! ting o upon other members of | & copper group. Against thi MAY BUILD $6,000,000 FREIGHT RAILWAY LlNE! Henry Ford Contemplating Con- struction Between Duluth, Minn., and Cities in Michigan. i Associited Preas ST. PAUL, Mimnn. Februarr | Construction of a $6,000,000 railroa for freight-carrying purposes only, to operate between Duluth, Minn.' and Superior Wis., and the Twin les, is contemplated by Henry Ford, it s reported here today. The road. it was said, will be part: of Ford's plans in connection wlthi liis proposed industrial plant at thej High dam here in the event that hei s granted use of the power derived from the dam. According to Col. L. H. Britten, in- dustrial engineer of the Greater St.| Paul committee. such a plan had beew‘ suggested to Mr. Ford, but he could 1ot say that any definite action had been taken nginecrs, it was said, however, have made preliminary sugveys for| a rail line to run through Forest dstrom and Rush City, in : Grantsburg. in Wisconsin, thence through Pine and Carton nties, in Minnesota, to the head| of the lakes. 1 i Be TEAMS ARE ORGANIZED § FOR Y. W. C. A. BUDGET | Local Association, February 26, to Open Campaign for $25,000 ! Fund Needed in Work. 1 Captains and their teams have been orzanized and are “all set” for Y. W. budget week, beginning Febru- i H 26, when the local association will { 50 out for $26.000, its budget differ- ence, it was announced at the Admin- istration building on F street today. Captains_and all members of thelr teams will meet next Wednesday, at 11 o'clock, at the F street building, and will gather again Friday morning at_the same hour. The captains of teams are: Mrs. C. R LaVigne, Mrs. Albert H. Putney, AMrs. Luther W. Mott, Mrs. Willlam E. Chamberlain. Mrs. Alfred G. Fisher, Mrs. J. A. Boyd. Miss Agnes Miller,, Mrs. Frank Eliot, Mrs. T. Walter Fowler, Mrs. H. E. Doyle, Miss Kato | M. White, Mrs. Lewis Jackson, Mrs. ! llarence McConnell, Mrs, Cecelia H. Smoot, Mrs. Harvey Friend, Mrs, D. G. Pfeiffer and Mrs. Ralph Homes. COTTON MEN MEET. of Product One of Topics Under Discussion. ! 17 XEW ' ORLEANS, February 17— Further conferences are to be ‘held| hy the executive committee of the American Cotton Growers' Exchange following discussions here in execu- tive session. Twenty members, representing nine cotton-growing associations. with a nembership of 100,000, attended. Plans for storage of cotton and the future of the exchange were discussed, It is understood. Delegates attended from Oklahoma, Texss, Arkansas, Alabama, Georgia, J.oulsiana, Mississipp! and North and Caroling Storage ANCIAL. s 'STAR,” WASHINGTON,' NEW YORK STOCK EXCHANGE Recsived by Private Wire Direct to The Star Office Air Reduction. . Ajax Rubber. Allled Chemical. Allis Chalmers. . Allts Chalm pf. . Am Agr Chem. . AmAgrChempf. Am Beet Sugar. Am Brake Shoe. Am Bosch. ..... Am Can. AmCanpf.... .. Am Chicle Co... Am Cotton Ofl. Am Druggist. Am Express. ... Am Hide&Leath AmHide&Lea pt AmIce. g ‘Am La France. . Am Linseed. Am Linseed pt. . Am Locomotive. Am Met Am Radiator. .. Am Roll Mill pf. Am Safe Razor. . Am Ship & Com. Am Smelting. Am Steel Fdy. .. Am Steel Fdy pt Am Sumatra. ... Am Tel & Teleg. Am Tobacco (B) Am Water Wks. AmW Wk 6% pt. Am W Wk 7% pf Am Woolen. Am Zine & Lead. Anaconda. ... Ann Arbor Aun Arbor pf... Atchison. ..... Atchison pt..... Atlan Bir & Atl. Atlan Cst Line. . Atl Fruit ctfs. Atlantic Gulf. Atlantic Ref Atlas Tack. ... Austin Nichols. . Baldwin Loco Balto & Ohlo. ... Balto & Ohio pf. #Bank of Com Barnesdall (A). Barnesdall (B) . Beechnut Pack. Beth Steel. . Eeth Steel (B).. Bklyn Edison. .. Bklyn Rap Tran Bklyn R Trctts. Bklyn Un Gas. Brown Shoe.... Burns Bros (A). Butte Copper. Butte&Superior. Caddo Oi 5 California Pack. Calif Petrol.... Calif Petrol pf.. Callahan Zinc. . Calumet & Ariz. Canad'n Pactfic. Case Plow Wks. Central Leather. Cerre de Pasco. . Chandler Motor. Ches & Opf W i. Chi & Alzon.... Chi & Alton pf. Chl & East Il Chi & East 111y Chi M1 & St P.. ChidMil & StPpe. Chi & Northwn. Chi Pheu Tooi. . ChiRT& Pa Chile Copper-. Chino Copper. .. Cluett Peabody . Cluett & Peby pf Coca-Cola. Colo Fuel <, Columbla Gas Columb'a Graph Colum Graph pf. Comp Tabulator Cons Cigar..... Cons Cigar pf. .. Consol Gas new Cons Textile. Cont Can &8rn Pro e Corn Prod pf.. . Continental Mot Cosden & Co. ... Crucible Steel. . Cuban-Am Sug. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'lean. Davidson Chem. De Beers..... Del & Hudson. .. D Lack & Wstn. Detroit Edison. Dome Mines. .. Dupont (ED... { Dupont deb | Eastman Kodak c Stor Bat. .. Elk Horn Coal.. Endicott-John.. Erie A Erie 1st pf. Erie 2d pf. Fairbanks Co... FamousPlayers. Fed Mines & Sm. | Fd Mines & S pf. Fisher Body ...« Fisher Body pf. Fisher B of O pf. Fisk Rubber. Flelshman. ...... Freeport Texas. Gen Am Tk Car. Gen Asphalt.... Gen Clgar- - Gen Electric jGen Elec sp1 w i. Gen Motors. . Gen Mot 6% deb. Gimbel Bros pf. Glidden. . Goldwin Corp. .. Granby Consol. . Gray & Davis. Gt Northern pf.. Gt West Su pf. Guantanamo Su. Green ananea Gulf Mo & Nor. . Gulf Mo & Norpf Gulf St Stecl.... Harbishaw Cab. Hartman Corp. . Hayes Wheel.... Hendee Mfg Houston Oil. . Hudson Motors Hupp Motors. Hydraulic Steel. Tilinols Central. 11l Central pf. ... ndiahoma Indlan Refining. Inspiration..... Int Cement..... InCombustion E Int & Grt North. Int Harvester. Int M Marine pt. Int Nickel Intl Paper. Invincible Oll Iron Products Iron Products p: Island Ofi. Jewel Tea...... Jones Te Kansas Cit; Kansas & Gulf.. Kayser (Julius) Kayser (J) pf... Kelly-Spr Tire. . Kelsey Wheel. . Kennecott. ..... Keystone Tire. . Lake Erie & W Lehigh Valley. . Lig & Myers (B) Lig & Myerspf. Lima Locomo Loews Inc 4 ToftInc........ Lorillard (P):.. Louls & Nash Mack Trucks: .. Mack Truck 1st. Mauck Truck 2d. Mackay Cos.... Mugma Copper. Mallison & Co. Manhat El Su Manhattan Elev. ManhattanEets Ma Sou Open. 66 4% 8% 51 High. 66 14% 8% b1 97 334 63% 464 9% 40 97% 114% % 17% T 188% 1215 7 1084 12% 86% 57 127% 53 844 98 8% 19% 64%s 39% 105 34 123% 16T 315 56% 9114 101% 18% 508 20 401 1011 89% 215 118 a1y 174% 140% 4% 96 90 117 34% 85% Low. 65 14% 78 50% 97 32% 63% 46'% 9% 40 95% 114% 6% 1% 7 138% 12% 1 108% 12% Close. 65 14% 8 51 97 32% 63% 46% 9% 40 9614 114% | % 17% i) 138% 12% 71 1084 12% 35% 57 126% 52% Béth % Close. 30 13 48% 16% 3% 19 86 19% 1% Open. High. 29 30 1% 13 4815 48% 16% 16% Té% 4% 19% 19% 95 95 18% 19% 18 18% 29% 20% 1'% 11% 30% 30% 16% 16% 18% 18% AT ATh % 1% 24% 24% 28% 23% 12% 13% 12% 104 104 104 280 230 230 16 17% 16 43% 43% 42% 69K 69% 68% 130% 131% 180% 4% 4% 4% 17 17t 16% 3% 93% 93% Th 38 T4 650% 50% 98 9% 831 83% 95 95 90 90 25 25 50 50 19% 1914 143% 14% 116 116% Low. 29 1% 484 16% % 18% 956 18% 18 29% 11% 30 16% 18% 47% 1% 24% 22% Martin-Parry Marlin-Rockwl. Maxwell (A) Maxwell (B) . May Dept Stores | MeTntyre Porcu. ’Me! Edison pf. Mex Seaboard. .. | Mex Sbd ctfs Miami Copper. Middle St Of1 Midvale Steel. Mo, K& Twi. Mo Pacific. Mo Pacific pt. Montana Power. Montgom'y Wrd Moon Motors. Mother Lode. ... Nash Motors. ... Nashville&Chat. Natl Acme. ..... Natl Biscult w i. atl Enameling 1Lead...... tl Ry of M 2d. Nevada Copper. NOr Tex & Mex. N Y AlrBrake. . Y Atr Brk (A) N Y Central. N Y Chi & St NYChi&StL1s NYC&StL2d. NYDock....... N Y Dock pf. NYNH & Hartfd. hipbuilding Norfolk & West. North American North Amer pf.. North Pacific. Nunually Co. ... Oklahoma Prod. Orpheum Circuit Otis Steel....... Otis Steel pf. Owens Bottle. .. Pacific Develop. Pacific Gas & EI FacificOll...... Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Panhandle. Penngylvania... 461: 46% i Penn Seabd §ti. 3 5% Pere Marquette. 39 Pere Marg pf... 66% Philadelphia Co. 464 Phillips Pete. 60 Plerce-Arrow. .. Plerce-Arrow rts Plggly-Wiggly. Pitts Coal. T 6 7% | Pitts & W Va. Pond Creek Coal Postum Cereal. . Fressed Stl Car, Froducers& Ref. Prod & Ref rts. .. Prod & Ref pf Pub Serv of N J. Pullman Co..... Punta Alegre. Pure Oil Ratlway pr. Kay Con Copper heading........ Reading 1st pf.. { Reading 2d pf Rets Robert. . Reis Robert pf.. Remingto. g Replogle Rep IT & Steel Rep Ir & St pf.. Reynolds Spr rts. Rey Tobac (B).. Royal Dutch. ... St Joseph Lead. . St L & San Sran. St L & San Sr pf. StL Southwn... St L Southwn pf San Cecilla Sug. eaboard Air L. Seaboard A L pf Sears Roebuck. . | Sears Rocbk pt. Seneca Copper. . Shell Union. Simms Petrol. Stmmons. ... Sinclair Oil. Sinclair pt. Skelly Oll. ... Sloss-Sheffleid South Pacific. Southern Rw Southern Ry pf. Spicer Mfg Co. St Oll of Calif. .. StOtlof NJwi. StOflof NJpt.. Steel & Tube pf. Sterling Prod. Stromberg Carb Studebaker. . Studebaker pf.. Submarine Boat. | Superior O1. . “Tenn Copper. . .. Texas Company . Texas & Pacific. Tex Gf Sulphur. Tex & P C&Oil Third Avenue. .. Tide Water Oil. . Timken Bearing Tobaceo Frod. .. Tobacco Prod A Tobacco Prod pf. Trans Contl Oil. Union Bag & P.. Union Oil...... Unlon Pacific Union Tank Car Utd Dyewood. ... . United Drug United Fruit | United Ry Iny Utd Ry Inv pf... Unit Retail Strs. U S Cast Ir Pipe. U S Food Prod. . U S Hoffman Mc? U 8 1ndus Alco. . | U S1nd Aleo pf. US Realty U S Rubber..... U S Smelt & Ret U SSteel. . USSteel pf.... U S Tobacco pf. . Utah Copper.... Utah Seeurities. Vanadium Corp. Va-Cr Chemical. Vivadou. B ‘Wabash 2 ‘Wabash pf (A). Web & Heilbrn. Wells-Far EXp. Western Md. . Western Md 2d. Western Paclfic. Western Union. West Air Brke. . Westhse El & M White Eagle Oil White Motor. ... ‘White Ol Wickwire. .. 16% 42% 8% 31% 475 22% 704 98 i 1201 112 70 23% 4“ 241 19 ! 10% 8014 124 9514 13% 24 175 116 119% 6515 29 53 5% 13 % 50% 31% 895 8% 50% 81% 39 81 313 39% 8% ‘WisconsinCent. ‘Worthington. ‘Wright Aero *0dd lot. HOURLY SALES OF 8TOCKS. 11 a.m. 382000 12m 683 500 EQUITABLE'S BIG YEAR. * | NEW YORK, February 17.—New in- | surance written by Equitable Life | Assurance Society in 1922 amounted lm $495,000,000, excluding over $48,- 000,000 of group insurance, according to the annual statement. Outstand- ing insurance on ‘December 31 exs ceeded $3,000,000,000. ~ Upwards of $111,000,000 was disbursed to policy- holders and beneficiaries during the year in death claims, matured endow- ments, dividends, annuities and other payments, making a total return of $1,569,676,000 _to policyholders since organization.. Nearly $35,000,000 has been set aside for dividends to policy- holders in 19 —— Doctor — Put your sirle. Lulu does as requested. Doctor—S8till farthe . Lulu (crying)—I can’t get it out any | furthe! stuck way down {n my throat, b-b-but it's not my fault. out tongue, ANACONDA BONDS SHOW PRICE GAIN Other Issues Also Higher To- day—Week’s Offerings Total $65,000,000. BY GEORGE T. HUGHES. Special Dispatch to The § NEW YORK, February 17.—A num- ber of bonds sold higher today than during the week. Among them were Anaconda Copper 6s and 7s, which were at the largest premiums since they were {ssued, and also United Kingdom 53%s of 1937. There was a steady tone to the general list and a fair amount of activit; This week's offerings of new issues amounted to $65,000,000, of which $45,- 000,000 Eepresented two offerings. the utch East Indies 5%s and Sincla Crude Ofl 6s. AR oA The trading agencles today all in- dicate a very high tide of industrial activity and prospects of continua- tion of this for some time. There is every indication of inflatlon with higher prices for commodities. It may be sald there there fs less opti- mism over appreciation in bonds this year than thers was a few months ago. All of the high return issues that have been brought out have, however, been well taken. STOCKS GO HIGHER DURING BUSY WEEK Trading Averages 1,250,000 Shares Daily—0Oils, Steels and Coppers Lead. By the Associated Press. NEWOYIRK. February 17.—Extensive pool operations combined with an in- creascd public demand sent stocks to new high records for the year on sales that averaged more than 1,200.. 000 shares dally. Rising commodity prices, more extra dividend disburs ments and the publication of several unusually favorable earning state- ments furnished the impetus for the advance, foreign news developments agaln being virtually disregarded. The demand for stocks was most effective in the oll. steel and copper groups, each of which was Influ- enced by higher commodity prices, while sugar shares enjoyed a brief period of strength in response to a sensational rise In raw sugar futures. Virtually all the independent steel stocks soared to new high levels on reports that manufacturers were pay- ! ing large premiums to obtain prompt shipments. Copper shares also broke through their previous tops when the red metal was quoted at 13% cents a pound, the highest since 1920, in reflection of the marked increase in the demand for that product. Other metal shares also were in demand. higher prices for zinc again drawing attention to that group. Higher prices for crude oil, includ- ing the sixth consecutive increase this year in the price of the Pennsyl- vania product, resulted in extensive speculation in the ofl shares, partic- ularly California Petroleum. Cosden and the Pan-American issues. With automobile production and sales mounting to new high records, the demand for gasoline this summer is expected to reach unprecedented pro- portions. Public utility stocks were taken in hand upon publication of the pre- liminary 1922 report of the North America Company, which showed net income of $19,422.,448 as against $7.350.514 the preceding year. Several speciaities also made excellent gains, one of the features being American, which showed 3 net gain of approxi- mately 10 points on the weel, cross- ing 99 for the first time. Averages of twenty standard railroad shares alsc established 2 new peak price. but they lagged far behind the industrials. Offerings of new common stock by the Household Products Company and Auto Knitter Company, which were put out during the week, were over- su ibed and the shares traded in at a premium on the curb market. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, February 17.—The rapid expansion of the textile activity in the cotton belt caused cloth manu- facturers and cotton men to predict today that the domestic consumption with the export demand will call for every bale that can be produced in 1923, CHICAGO, February 17.—Cement- face brick and bulk lime are in the greatest demand here today, as bullding operations continue active, although bad_ weather has checked some work. Prices are firming up. ST. LOUTS, February 17.—Furniture manufacturers in this section are far behind dellveries on goods today and are straining production to meet the demand caused by the tremendous volume of home building recently completed and in prospect. ST. LOUIS, February 17.—Complete clean-up of stocks of rubbers, go- loshes and rubber boots was reported today by retall dealers. This is due to unusual weather conditions, heavy employment of outdoor common labor and small stocks. —_— CHICAGO STOCK MARKET. CHICAGO, February 17.—Following is a report of today's sales, high, low and closing quotations, at the Chicago Stock Exchange. ales. High. 3 181 Commonw'th Edison llx‘,'g 850 Montgomery Ward. 235 Piggly Wiggly A.. 2050 Btewart-Warner .. 930 Standard Gas pfd.. 1400 Un Carb & Carbon 244350 Yellow Taxi Total sales, 50, NEW YORK DAIRY PRICES. NEW YORK. February 17.—Butter —Firfi; receipts, 7,662 tubs. Cream- ery, higher than extras, 51%ab2; creamery _extras , (92 score), . 51; creamery firsts (88 to 91 score, 48%a 5014; packing stock, current make, No. 2, 35a36%. Eggs—Steady; re- celpts, 18,022 cases. Pacific coast whites, extras, 45a46; do., firsts to extra firsts, 43%4a4415. Cheese—Irreg- ular; receipts, 132,304 boxes. ‘WOOL PRICES STRONG. BOSTON, February 17 (Special).— The wool market wound up the week today with a showing of firmness, although trading still continued of minor proportions. Trading was spot- ty, but prices were strong. ' Forelgn markets were reported active, with Americans taking a prominent part in the transactions. PARIS MARKET FIRM. PARIS, February 1 Prices were firm on the bourse tod: Three per cent rentes, 58 francs 40 centimes. Exchange on London, 78 francs 60 centimes. Five per cent loan, 74 francs 90 centimes. The dollar was quoted at 16 francs 77% centimes. {PhilaCoref6sA.. i Producers & Rf 8s. ! Sin Crude Oil 512s. | §in Pipe Line 5s. . | So Por Rico Sug 7s. [ox nev Yorx BO Recetved by Wire (Bales are in $1,000.) UNITED STATES BONDS. Bales. High. Lew. Close. 29 101 76 10184 10170 74 9898 9876 9876 173 9874 9860 9860 129 9900 94 9898 Lib4th 4im... 277 9894 9880 9884 Victory 4%;s.. 44 10018 100 14 10018 US4%s1952.. 52 10000 9996 9998 FOREIGN. Bales. High. Low. Close. 8 102% 102% 102% 99% 99% 95 95 9T 9% 92% 92% % 7 84% B84% 96% 96% 102% 102% 100% 100% 101% 102 99U 99% 103% 104 108% 103% B1% b61% 90 90 84 97 94 93 8T% 94 9% 95% 90% 93% 81% 8% 7% & % .. Bl b4 .12 85% 1 8915 Netherlands 6s.... 80 99% Norway 6sctfs.... 4 98 Paris-Ly's-Med 6s. 22 0 Prague Tlis .13 T 1 4 108% 9314 93% 984 100 82% 6074 104% 117% 115 103% Argentine 7 Belgium 7% Belgium Brasil 7s Brazil 8s Brasil 73 Canada 5s 1926 %y 1 551952, Chile 851946 Chile 8s 1941 Chinese Gov Ry 5s. 15 Copenhagen 5%s.. 2 Czechoslovakia 8s. 17 Denmark 6: . 10 Dutch East I . 69 i Dutch East I 6s°62 74 FramericanID7%s 10 French Govt 8s.... 19 French Govt 7%s.. 18 Haitl 6sctfs.... 32 11 . 3 . 42 « 2 5 Holland-Am s £ 6s. Japanese 15t 4%s. Japanese 4s . Jergen U M 63 '47. Lyons 6s Marseilles i Mexico 5s. . Mexico 4s..... Montevideo 7. Queensland 7s..... Rio de Jan 8s 1946. Rio de Jan 8s1947. 9 Sao Paulo, City, 8s. 7 Sao Paulo,State, §s 14 Seine, Dept of, 7s.% 11 SerbsCrotsSlov8s. 4 Sweden 6s...... 35 SwissConfedst8s. 8 Ud King'm 6%8°29115 Ud King'm 5%s '37 99 103% Uruguay 8s. 2105 105 Zurich 8s. 1 112% 112% MISCELLANEOUS. Ajax Rubber8s. . 9944 104 90% 102% 115% 98% 92% 103% 974 88% 9RYs 107% 98% 94 920 99t 95 108% 100 82% 60% 104 118% 116% 103% 105 112% 100% 83 6074 104% 118% 116% 99% 104 90% 102% 115% 98% 92% 103% 97% 88% 9842 107% 98% 94 90 994 95 108 96% $8% 99 138% 4 1013 119 984 89% 95 103% 108% % 107 105 5 109 93% 107% 101% 99% 4 101% 1044 116% 98% 101 86% 8614 86% 106% 109% 1% 97% % 99 4 1074 88% 98 86 100% 9914 110% 106 94 93% 107% 100% o1% 91% 107% 101% 106% 127 841y 1121 100% 98 8714 101 95 10632 102% 103 104% 978 88% 108% 103 1% 9744 94 106 108% 97 100% 4 103'4 103% 96 96 BUTTER PRICES ADVANCE DURING STORMY WEEK Assoclated Press. "c‘;i.ICAGO, February 17.—Exceed- ingly cold weather of this week tproughout the northwest, plains states and the lower lake region had iits eftect on the butter markets, strengthening positions which opened weak. ; The Chicago market felt the grip of the cold wave first, and then trans- portation tie-ups, particularly in the northwest, helped to throw the mar- ket entirely in the sellers favor. Eastern markets were not affected to the same extent, but trading was more agtive than in the preceding week. New York and Philadelphia markets attracted buyers who can trade either in Chicago or New York and Philadelphia. e Boston mar- ket during the entire week was firm nd active. W ‘Whole: prices on 92 score butter at yesterday’s close and the range for the week were as follows: Chicago, 52; 3% gain. New York, 60%: 1% gain, Boston, 51; 13 gain. Phila- delphia, 51; 1 gain. EX-DIVIDEND TABLE. 99% 103% 90% Am Sugar Ref 65 AmT& Tcv 6s AmT& Tcltr: AmT& Teltrds.. Anacon cv d 7s wi.328 Anacon 1st 65 wi.. 91 Armour & Co 4% Atlantic Refin Bell Tele PaTs.... Bell Tele PaSsrcts Bethleh'm Stl rf is Beth'm Stl p m 5s.. Reth'm Stlsf6s... Brier H St 1st 5% Bklyn Edison 7s D. Bkiyn Ed gen &3 Bush T Bldg o Central Leather Ss 10 Cerro de Pasco 8s. 60 Chile Copper 6s... 18 Chile Copper 7s Comp-Tab-Rec 6 2 Con Coal M4 1st &s Cub Cane Scvd 8s. 25 Det Edison ref 6s.. 3 Du Pont de N T13s. 10 Duquesne Lt T1% 8 Duquesne Light 6s E Cuba Sug Tls. Empire F&G 7 Fisk Rubber 8s Gen Elec deb 5s. | Gen Refract'es t{Goodr'h (BF) 81:8. Goodyear Tr 8s'31 1. Goodyear Tr 8841, Humble O&R & Indlana Steel 5s... Int Mer Marine 6s. Int Paper 1st5sA. Int Paper 15t 63 B. { Julius Kayser 7s. Kelly-Sp'afield 8s. Lackaw'a §58°50.. Liggett & Myers Manati Sug st Mexican Petrol 8s. Midvale Steel Montana Power 5s. rris&Colst413s. Nat Tube 18t 53 New Eng Tel 3s. NY Edison 1st 6338 N Y Tel 6541 N Y Tel 422 N Am Edison 6s. { Northwst B Tel 7s. Otis Steel 8s.. Pacific Gas & El15s PacT & T5s Packard Motor = Siromes aoe ReSaa - = B i 0i 000 5 ~ v . 3s. ey Producrs & R 55w Public Service 55 Punta Alegre 7s... Sinclair Oi1 7 ot p=t=) South Bell Tel &s. St Oil of Calif 7s. Steel & Tube 7s Tide Wat Ofl 6 Tobacco Prod sf 7s Union Bag & P 6s.. U S Rub 1st rf 55 U S Rubber 71%s. USSteel st bs. Utah Pow & Lt 5s. Va-Car Chem is... Va-Car Ch 7148 sw Warner Sugar 7s West Unior 6 Wickwire Spen is. Wilson & Co 1st s Wilson&C cv 7% Rem Orieass, Texas énd Mexico, o. Timkius-Detroit Axle pf., q.. February 20— 5 California” Petrol = Homestake Mining, monthly. Standard Oil of California. Vebruary 23— Mahoning Investment, q. Mahoning_Investment. e: tional Lead of-. 4. fonal Cloak and Buit pf., Remington Type, 1 Btandard Oil of New York, q. Weber & Hellbroger pt., q. February 26— Delaware & Hudson. o, Standard 5 New Standard Oil of New Jersey, February 21— V- & Hteel, g, Direct teo The Star Office. i RAILROADS. = Ann Arbor {s. Atchlson gen 4s Atchison adj 4 B&Opfindt B&O6s 101 FINANCIAL STOCK zxcnm:l Grain, Produce and' Live Stock Cold weather proved a boon to the meat market. Its bracing effect is shown in sctivity on part of buyers. Prices showed no advance, however, but higher prices next week are pre- 80% | dicted. 7% | the demand lighter. 04 4% 90% 114% 80% 86 94 Canad-Pac deb 4s.. Central Pacific 4s. Ches & Ohio cv bs. Ches & O cv 434s. . Ches & O gn 4%s. . Chi & Alton 3s. ... Chi & Alton 3%s. . Chi B&Q 1st rf & Chl & ETIl gn Chi Great West 45 Chi M&S P rf 4348 Chi M&St P cv 5s. . Chi M&St P 45 '25. . Chi M&S P ov 4 s Chi M&St P 4u'34. . CM&StPgndts Chi & NW 6%s.... Chi Rys b ; ChiR1& Pacrf 4s. Chi Un Sta 6%s. .. Chi & W Ind cn 4s. CCC&SBtL Tt 68 A Cleve Term 5%s. .. Colo & Sou 4%s. .. Cuba R R Gs. Erle 1st con 4 Erie con ext 7s Erle gen 4s Erleconv4sD.... Gr Trunk ef deb 6s. Gr North gen 7s Gr North gen 53;3. Green B& W db B. Havana ERL&P o8 Hud & Man ref 5s. Hud & Man aj 5. 111 Central §%; Tnt Rap Tran 63 Int R Transit 7 Int & G Nor aj 6; Jowa Ceptral rf 4 Kan City Sou bs. ... Kan City Term 4s. Lake Shore 4s '31. . Lou!s & Nash 5 ¥ Manhat Ry ch 4s. . Market Stcn 5s. .. MIlEIRy&Lés.. 12 MStP & SSM 6%s.. 7 MK&TprinssA. 2 MK & Tadj$s....132 Mo Pacific 6s. 18 Mo Pacific gn 4s Y Cent deb 6: T Centdeb 45 Y Centribe.... New Havencd 6s.. ew Haven d 4s 67. ew Haven 7s Y State Ry 41;s. Y W & Bos 4%s. Northern Pac 43. orth’'n Pacr i 6s Northern Pac 5s. Ore & Calif 1st 5s.. Ore Short L ref 4s. Ore-Wash 1st rf 43 Pennsyl gen 4 Pennsyl 6%s. Pennsyl gold 7s Peoria & E inc 4s Pere Marq 15t 3s. . Reading gen 4s.. RIArk & Li4%s. St L IM&S R&G 4s. StL&SFpldsA. St L &K Fprln bs. 5:L&SFi 85% 100 81 53% 62 69’ 80% 8T% T4% 82% 109% 81% 80% 115% T4% 101% 104 84% 85 56% 103% 48 50% 104% 101% 128 84% 828 68% 101% 2% 23 494 39 86 81% 93 104% 62% 92 86% 104 81% 62% 97l 813 104% 90% 97 681 42 T4% 45 84% 107% 98% 99% 92% 80 91% 110 29 19 plescC. StLSW Istds.... StP & KCShL43s. Seab'd A Li4s sta. Seab'd A Liref 4s.. Seab'd A L adj 5s. . Seab'd A L con §: Sou Pacific cv 4s Sou Pacific ref 4. Sou Pacific clt 4s. . Southern Ry 1st 65 Southern Ry gn 4s. Southern Ry 6%s. ‘Third Ave adj 6s..107 Union Pac1stds... 8 Union Pacistrf4s 3 UnionPaccvids... 3 Union Pacev 6s... 42 Virginia Ry 1st 5s. 13 ‘Wabash 1st 5: S B Western Pacific 53. o r - BalratatinBnenSarennd cocann 62 85% 94 104% " 96 284 8215 ‘West Shore 1st 4s.. 824 ‘Wisconsin Cent 4s. 8 TOTAL SALES (Par Value): 11am.. 3153000 12 noon 5560000 PIGGLY WIGGLY STORES SHOW PROSPEROUS YEAR NEW YORK, February port of Piggly Wiggly Stores for the year ended December $1, 1922, shows net profits-of $653.058 after interest, depreciation and taxes. equivalent to $3.26 a share on 200,000 outstanding shares of no par value class A com- mon stock. This compares with $208,- 622, or $1.39 a share, on the 150,000 shares outstanding in 1921. The consolidated income account shows sales of $31,534,312, as against $30,210,421 in 1921; costs and expenses of $30,686,927, as compared with $29,- 588,437 In the previous year; other in- come, $157.603, as against $90,033 in 1921.° Interest, depreciation, etc., is $357,672, as compared with $490,25 the "preceding vear; federal taxes, $94,258, as against $13,100 in 1921 Surplus is $103,058, compared with $208,662 in the previous year. DIVIDENDS. Stock of Record. Rraké Shoe and Foundry . 28 %&. ., $1.25 American Brake ' Shoe ' ‘and Foundry Co. pf.. 4., 1% % Mch. 23 Adantic “Terra Cotia 5 1 1 Pay able. Mch. Mch. Meh. Meh. Mch. Meh. Mch. Mch, Mch, Mch., Apr. American 31 8L 19 Co.” pf. chi z ch. Grace & Co. Bank, %% Lancaster Mills, Lake of Woods 3% . Apr. Mch, Mch, 15 Meh. 15 Mutual 01 'Co.. q. T2ige. PhiladelphiaElectrie il delphia” Blectric Co. 15 LITTLE WORRY OVER LOANS. NEW YORK, February 17.—The Wall Street Journal says: Although brokers’ loans are at a new high, aggregating approximately $2.000,000,000, bankers are not con- cerned over'the amount. There has been no unusual calling of loans, and there is not likely to be any. With- out any help from outside banks New York city institutions could very easily lend another $1,000,000,000 without straining their resources. Taking into consideration that there are now about $60,000,000,000 of se- curities listed on the New York Stock Exchange, $2,000,000,000 of loans seem relatively small.' Even the most con- servative’ banker would lend 10 per cent of the face value of a listed se- curity, but present loans aggregate only about one-third of the amount. BAR SILVER QUOTATIONS. LONDON, Feébruary 17.—Bar_ silver, '30 11-16 peér ounce. Money, 1% per cent. Didcount rates—Short and three- month bills, 2 7-16a214 per cent. NEW TORK, February 17.—Foreign s silver, 68%; Mexican dollars, 48%. SUGAR FUTURES PRICES. NEW YORK, February 17.—Sugar futures closed firm; approximate 000 tons. March, 6.28; May, » $.57; September, 5.72. 17.—The re-! Turkey prices were lower this morning, receipts being heavier and Small chickens were scarce and higher, while roost- ers and hens were plentiful at prices that have prevailed during the week. Chicago, Philadelphia and New York butter prices were advanced, but local dealers hold their prices to Wwhat they were earlier in the week. New York and Philadelphia egg 87% | Prices also advanced, but prices here remain the same as two days ago. Both markets were reported as being \ very firm. Lettuce, 109% | Lt 6874 | Oyster plants, 100, 7.00a9.00, Parsnips, trictly fresh, selected candled. per. dosen, 37a33; average receipts, 36; southern, 35. Cold storage eggs, 27 Live poultry_Roosters, per 1b., 1 turkeys, per 1b., 25a30; spring chicl ens, per Ib., 33a35; keals, young, each, 60; Towls, each, 25, Dr Fresh-killed spring | per 1b., 36a38; hens, per Ib. roosters, per Ib., 15a19; turkey: er Iba 30a35; keats, young, each, Live stock—Calves, choice, per 1b medium, per 1b., 13a13%; thin, per Ib., €as. Tambs, choice, per 1b. 13: ive PlEs, 3.00a8.00 cach; live hogs. Green fruits—Apple 27.00; Deliciou 1\':.’ 1, per bbl, 6. 0. California orang: per crat 5.0026.00; Florida, 4.00a5.50. Lemons. per box, 5.00a6.00. Grapefruit, 3.00a 4.25. Tangerines, 3.50a5.00. Vegetables—Potatoes, per bbL., L 15022.00; per sack, 2.00a2.1! 3. ©0a1.00.” Sweet potatoc: Carolina, 75a1.50; nearby, per crate, southern, 1.0Ca Romaine lettuce, per crate, 1.50a 2.00; Iceberg lettuce, per crate, 5.302 4.00. Cabbage, northern, 2.50a3.00 per 100 1ba: nearby cabbage, per bb 18022.50; southern, 2.2523.00 per baske Der_crat . Toma toes, per box, Florida, 2.5046.00. Beans, 12.0004.00 per basket. Peas, *.00a5.00 per Florida. basket. Peppers, cra e, le, por 1.75a2.00, 3.00a4.00. ~ Kale, per barrel, Spinach, per barrel, 2.50a3.00. _Celery, crate, 'Florlda, 2.50a3.50. ~_Brussels sprouts, 25a30, ‘Squash, 2.00a2.50. GRAIN AND PROVISIONS. BALTIMORE, February 17 (Spe- cial).—Potatoes—White, 100 pounds, 50a1.35; 150 pounds, 90a2.25; sweets, barrel, '1.25a2.00; bushel, 50a60; yams, 1.25a1.75; bushel, 50a65. Bean bushel, "3.00a5.00. Beets, hundre. 4.0026.00. "Brusseis sprouts, quart, 23 Cabbage, hamper, 2.50a3.00. Sa- bushel, 1.00a1.25. Carrots, ba: 40a50. Caulifiower, crate, 1.75 crate, Lstatoo. Cu- 5.00a8.00. crate, 4.00a7.00, Sma Horseradish, bushel, 3.0023.50. Kale, barrel, 1.50a1.75. Lettuce, basket, 75a | Onfons, 100 pounds, 1.25a2.75. bushel, 1.40a1.50. Peas, basket, 3.00a 4.00. Peppers, crate, 3.00a4.50. Rad- ishes, basket, 5022.00. Spinach, bushel, 75a1.00. Bquash, crate, 3.00a4.00. To- 11.50a2.00 109% | Strawberrtes, [gerin 3 crate, 2.00a5.00. Turnips, bas- ket, 35a50. S Apples, bushel, packed, barrel, 2.30a5.30; loose, 100 pounds ., 50: . Cranberrie: 6.00a12.00. Grapefruit Oranges, box, 3 quart, 20a40. half strap, 2.50a4.00. Selling Prices at 12:30. Wheat—No. 1 red winter, spot, no quotation . 2 red winter, spot, 1.361%; red winter, 8pot, noi gquotation: No. 2 red winter, gar- Ilcky, 1.36%; No. 3 red winter, gar- licky, no quotations; February, 1.351%. ] Sales—None. { Corn—Cob corn. new, 4.40 and 4.50{ per barrel; contract, spot, 843 bushel: No. 2 corn, spot., 861:: No. 4,! no quotations; track corn, yellow, No. | S or better, 90 and 91 per bushel. Sales—None. Oats—White, No. 2, No. 3, 54. Rye—Nearby, 85295 per bushel; No. western -export spot, 98% per | bushel 0. 3, no quotations, Hay—Receipts, § 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. CHICAGO, February 17. o TN 1.16% 1. .. 1.14% 118% 1. H 55 per bushel; 2 ‘s Y 5 481, . 11.50 6% 4B 45 REDITTY 11.82 11350 11.45 11'60 1. 11335 10.82 1087 | DAIRY PRODUCTS. BALTIMORE, February 17 (Special). —Live poultry—Turkeys, pound. 30a38: o1d toms, 25; poor and crooked breasts, | 20; young chickens, 30; poor and Leg- | horns, 22a26; winters, 35; old hens, 23a | 24; small and Leghorns, 20a22: old roosters, 15; ducks, 20a27; geese, 17a2 pigeons, pair, 30a35: guinea fowl, each, | 40a60. ~_Dressed poultry — Turkey: pound, 35a40; old toms, 28a30; poor and | crooked breasts, 20; young chickens, | 30232; old and mixed, 26a28; old roosters, 16a17; ducks, 25a30; geese, 20a25; capons, 36; medium, 34a36; | small slips, 30a32. { Eggs—Loss off; native and nearby firsts, dozen, 37; southern, 34a35. | Butter—Creamery, fancy, pound, 50a52; prints, 52a54; nearby creamery, 47248 ladles, 36a38; rolls, 34a36; store packed, 33; dairy prints, 35a36; process butter, 42a43. NEW ORPHEUM HEAD. BOSTON, February 17. — Marcus Heiman has been elected president of Orpheum Circuit, Ine, to succeed Martin Beck, who has become chair- man of the board of directors. The annual report for 1922, which will issue within a week or two, will show net profits in the neighborhood of $700,000, sufficient to cover all intereat charges’ and preferred dividend re- quirements. CLEARING HOUSE REPORT. NEW TYORK, February 17.— The actual condition of clearing house banks and trust companies for the week (five days) shows an excess in reserve of $19,383.060. This is an in- crease of $6,434,990. 2B PERISHINSTORMS SWEEPING FROM PACIFC By the Associated Press. ST. PAUL, Minn., February 17.—At least seventeen persons lost their lives in the northwest as a result of Tuesday’'s blizzard and the following cold spell,_according to figures coin- piled here today. Six perished in Minnesota, three in South Dakota. three in North Dakota and five in Saskatchewan province, Canada: CHICAGO, February 17.—Deaths of at‘least five persons in Chicago were attributed to the cold wave that has embraced this region since Wednes- day. - The cold still gripped this section early today, the temperature having dropped to 6 degrees above zero after having reached 14 above, and at least two more days of the excessive weather was forecast. ! « - SEATTLE, Wash. February 17.— ‘Six deaths in Seattle are attributed to a record storm that raged from Sunday to Wednesday. All were adult men. Four men collapsed while shoveling snow or walking, one died soon after boarding a street car in exhausted oondition from trudging several- blecks, and one was suffo- cated by smoke while trying to thaw out a frozen pipe. ipresent purchases. {5-CENT ithe Senate had passed {in which Col. i Couzens said BUSINESS LEADERS - SEEKING BIG LOANS Banks Furnishing Funds for Trade Expansjon and Ad- vance Buying. BY J. C. ROYLE. Special Dispatch to The Star, NEW YORK, February 17.—The banks today are full of manufacturers, wWholesalers, jobbers and merchants and bullders asking for more mones They are pressing their loans, but in the majority of cases they are get the accommodation because theis order books, their-sales statem and™their balances are convine evidence of their ability to pay. Bankers, with their fingers on tie business pulse, know that it Is going to take Increasing amounts of cash to flnance manufacturing and com- mercial operations throughout the frst halt of this year. Commodits prices in nearly every line are u 1 W material purchases are deman. n& Increasing volumes of ready casi: he orders on the books and the pllqucltxonad demand by the public gssure profitable returns, but ever usiness man must spend money to make money, and today he must spend more money than ar any time since the banner years of 1919 and 1920, © o Borrowers Accommodated. ey are getting it to spend banks are in a° splendid. posit.c Credit is not strained and mones. neither tight nor high. However. prospect that both raw and finisnes products will advance to atill higie levels has started a flurried moes. ment s, which the mors co servative financiers and businese o are watching witl i =S & with considerable c Clothing ma ers already Il 5 nufacturers and 4 alre are buying overcoats gexl winter, anticipating that pr hr)l' woolen goods and especi; eavyweight goods will advancs | jerially before that time. A mar. ‘::c:;::;dt‘ln capital will be requiic:l * those goods until the the ultimate consumer. N°Y o4 pplotor Liabllities Growin. e balanc sheets of manl{{a«mrar. for the firs‘?clll,]"' many mouths are beginning to aho +he;;_ar:xao‘n:mror borrowed mon ‘e the orders on their bony but they fear still further advances Steel, rubber, leather ang o ::I’dn (Z:,;; have been serambling to ol €rous supplies of raw e Hals. " As 4 consequence | e i stances current liabilities are growi out of proper e Per relation to The rush for bui forced a similar sit commodities. Ng materjals ha ot [I‘xl]non in those o ential constructio Is such as to warrant anticipation . undiminished activity for two yexr with programs at the maximum of ; vestment and effort, but there ijs decided tendency to anticipate mand and forestall price increases Security Warrants Loa The advances in cotton, ugar, the rise in copper, of higher prices for wool, all ha sent manufacturers and consums into the market. The banks are bei: asked to finance these purchases, 4 when the security and the prospec:c have warranted it few legitimate quests for funds Lave been denied (Copyright, 1923.) FARE LOSES IN SENATE, 37 T0 - (Continued trom F: the jun the prospe. Page.) tion of Senator Pittman as to whet the District committee had tal. action on the car-fare question. s. that the committee had reported 2 . tha bill, which, if it became a law reduce the fares. Ball Predicts Merger. Senator Ball, chairman of the I trict committee, told the Senate ti. he believed there would soon be 1 one company operating the strect cars in the District; that such merger would result reduc fares considerably. He said that Wwas necessary to allow a street « icompany to charge a reasonable f: iif the extensions and improvem for the benefit of the traveling pul lic were to be made, e ., Senator Pittman of Nevada asked it were not true that the Washingto Railway and Electric Company, owns the stock of the Potomac tric Power Company, was not mak a good profit on the power and lig1 ing business Senator Ba Tep jthat it was. Couzens Criticizes Keller. Senator Couzens of Mic quoted from a statement made by gineer Commissioner, Col. Keil: Keller insisted that Wwas a matter of fundamental fairne to permit the street railway corpor tions to make a fair return on the investment, and in which Col. Kell alluded to “demagogues.” Senator Couzens said that appare 1y in the opinion of Col. Keller it ws necessary to be fair to the comipan but not “to the traveling public. He said that the street railwavs here had made millions in the past, and tha: Congress, while they were making money, did not attempt to reduca 5 to cut down their profit: Now, the matter is reversed ar the street car companies are asked ' lose something temporarily,” {Senator Couzens. Doubts if Loss Would Come. Senator McKellar interrupted w i} ' a statement that hs doubted the would Jose and expressed the oplnios that if properly run the companies could make money on a five cent farc Resuming his statement, Senator that he thought the companies could afford to lose some- thing now, in view of the profits the: have made in the past. He suggested that there should be some regulatio: of the expenses of the company. regh lation of salaries and of purchases, < as to keep down the expenses. “I believe the Senate should accep this amendment, offered by the sena tor from Tennessee, and put these companies on their metal,” said Sena-, tor Couzens. “It is evident,” he continued, “that Commissfoner Keller is not in sym- pathy with reductions of these fares, but criticizes as a demagogue any- body who wants to bring about a re- ductlon of street car fares.” Senator ‘Ashurst of Arizona pro- 4 tested vigorously, at this point, agalnst the entire morning hour be- ing given over to debate on_street car fares in the District. He safd that he had a number of bills im- portant to his constituents on the calendar and that he thought that the Senate should proceed in order, He urged Senator McKellar to “stop talking, sit down, and permit us to vote.” He said that he was in favor of the amendment, but added. “my constituents are not going to lose be- cause somebody else wants to talkc all the time. SALES SHOW INCREASE. NEW YORK, February 17.—Sales in January of the American Type Found- ers Company were 5 per cent, or 6 per cent ahead of the same month of 1922, Earnings are running at the rate of four or five times the $4 dividend on the $4,000,000 common stock. If American Type Founders added this vear to surplus only the same amount. in the fiscal year ended August 31 t, it would have a profit and loss urplus of more than $3,200,000, ar equal to $80 & common share.