Evening Star Newspaper, February 23, 1923, Page 26

-, FINANGIAL, 23 29, FINANCIAL. Grain. Produce s | PRCE ADVANGE BOOM TODRILIG WHOLESALE MARKET. : (K-nly supplied,” was sald of the condlition of the poultry market this New Interest in Boll Weevi Fight—Greater Car Short- age Feared. For Revised' Clo!e'ol Stock Market see 5:30 Edition of The Evening Star. Low. Close. 1% 17% 49% 494 63% 63% 18% 13% 1% 1% 1% % 49% 49% 34% 306% 65% 68% 45% 46% 44% 45% 97% 98% 115 15 115 . 183 183 183 8 8 84 Am Cotton Ofl.. 17% 17% 18 AmCottonOilpt. 34 33% 38% Am Druggist.... 7 7 T Am Hide&Leath 12% 12% 12% AmTce, .. 108 108 108 AmInternat’l... 26% 25% 26% Am La France.. 12 2 12 Am Linsced.... 35% 85 85 Am Linseed pf.. 56% 56% 56% Am Locomotive. 127% 127 12T% Am Me L &2 52 62% Am Radiator... 82% 82% 83 Am Roll Mill pf. 97% 9T 974 Am Safe Razor.. 8% 8 84 Am Ship & Com. 18% 17% 1T Am Smelting... 63% 63 63% Am Smelting pf. 101% 100% 100% Am Steel Fdy. 38% 38 38K Am Sugar. .. 81% 81% 82% Am Sugarpf.... 107% 107% 108 Am Sumatra. 3235 32y 38 Am Tel & Teleg. 128% 123 128 Am Tobacco. ... 157 164% 154% Am Tobacco (B) 155% 154% 154% Am Tobac pf (n) 108% 103% 104 Am Water Wks. 2% 30% 29% AmW Wk 6% Rt 53% 53% b5 Am W Wk 7% pf 90% 90k 93 Am Woolen..... 108% 103% 105 Am Woolen pf.. 110% 110% 110% Am Zinc & Lead. 18 18 18% Am Zinc&LA pt. 56 56 56 Anaconda . 50% 50% 51% Ann Arbor...... 24% 20 20 Ann Arborpf... 44% 4% 45 Asso Dry Goods. 73 724 T2% Asso DryG 2d pf 914 91 91% Atchison. . 1024 102 102% Atchison pf..... 89% 69% 89% Atlan Bir & Atl. 3 3 3% Atlan Cst Line. . 122% 121% 122 Atlantic Fruit.. 215 5 e 214 2% 2% 24 24 142 Atl Fruit ctfs. Atlantic Gulf. 251 Atlantic Ref. ... 142% 142 142% | Nashville&Chat. 122 AtlRefining pf. 119 119 119 119 |Natl Acme...... 15 Atlas Tack..... 19% 191 19% 19%[Natl Biscuitwi. 434 Austin Nichols.. 81% 31% 81% 81%[NatlConduit... 1% Auto Sales. 4 415 4 4% |Natl Cloak&sS pt 100 Auto Sales p: 18% 13% 13% 13% lr:‘nt{;:‘namelins 69% ~| Natl Lead. 139 139% 188 138% ) Nat R of Mx 1st. lagu 52% b63%, 52 53 tIRyof M2d. 4% 60% 60%° 60% 60%|Nevada Copper. 167 81 81 81 8l |NOrTex & Mex. 94 300 800 300 300 |NYAirBrake.. 36 30% 30% 30% 30%|NYAirBrk (A) 49% 5% . % * 62 6213 614 624 66% 65% 66 96 Open. High. 17 17% 49% 49% 63% 63% 14 bty 1% 1% 8 8% 50% 50% 35% 36% 67 68% 453 46% 45% 46% 98% Open. High. ket 71 67% 68% 116 116 1% éz’i Tow, Close. 64% 64% 88% 88% 87% 8% 80% 80% 81 8l% 94 94 1% 18 100% 100% 80% 80% 83 83 , 5% 6% 93 93% 66 66 66% 65% 1 T4 TT% 94% 94% ! 94 94 90 20 114% 114% 12 112 9% 80 85% 85% 94 94 87% 8T% 8415 B4 ! 53 53 28 28% 99% 99% B0% 80% 53 58 61% 61% 68% 69 9% 9% 66t 66% 8% 4% 82 82 110 110 80% 80% 8% 78% 92 92 115 115% 74% 75 101% 101% 84 84% 84% 84% 87% BT% 100% 100% 4% 74% 56% B56% 541 54% 821 82% 56 56% 103% 103% 48 48% 48 48 51% b51% 104% 104% 114% 114% 109. 109 100% 100% 12 12 81% 81% 63% 68% 86 86 101'% 101% T4 714 921 92% 48% 48% 6% T6% 674 68 85% 85% 81 81 92- 92 102% 102% 8% 8% 89% 89% 63 63 91% -92 1% 91% 8 86 37% 374 39 39 103% 103% 8% T8% 811 81% 95% 95% 61% 61% 96% 96% 8415 80l 61. 61 89% 89% Y% 5% 103% 108% 89% 89% {Intl Paper (sta). 'Int Shoe. Int Shoe pf. Invinetble Ofl Iron Products Island Oil... Adv Rumley. Adv Rumley pf. Alr Reduction. . Ajax Rubber. Alaska Juneau Allied Chemical. Allis Chalmers. . Am Agg Chem. . AmAgrChempt. Am Beet Sugar. Am Bosch Am Can. Am Can pt. Am Car & Fdy Am Chicle Co morning, “gnd ns:gs gre no higher. The tendency 1s tdward an easier mar- et.” A’slight advance in the Phiadelphia egg market Wednesday was not re- flected In the local market. The mar- ket 1s firm, however, with no indic; tions of an early break. Fancy stock was quoted at 46 cents. Buttér is firm. There is practically no country hutter on the market, and such product finds ready sale at 38 cents. ; . Eggs—Strictly fresh, selected can- dled, per dozen, 40; average receipts, 38; ' southern,” 3%, Cold storage egES, 27. Live poultry—Roosters, per Ib., 17; turkeys, per 1b. 25a30; spring chick- ens, per 1b., 83a35; keats, young, each, 60; fowls, each, 25 Dressed poultry—Fresh-killed spring chickens, per 1b., 35a38; hens, per Ib., 26; roosters, per Ib., 18a19; turkeys, per 1b. 30a40; keats, young, each, 70a80. Live' stock—Calves, choice, per Ib., 14; medium, per Ib., 13a13%; thin, per Ib., 6a9. Lambs, choice, per 1b., 13; 1ive pigs, 3.00a8.00 each; live hogs, per b, 9. Green frults—Apples, per bb! a7.00; Delicious, No. 1, per bbl, 6.00a 7.50. California oranges, per crate, 5.00a6.00; Florida, 4.00a5.00.: Lemons, per box, 5.00a6.00. Grapefruit, 3.00a 4.25. Tangerines, 3.50a5.00. Vegetables—Potatoes, per bbl, No. 1, 1.50a2.00; per sack, 2.00a2.10; No. ]2, 50a1.00.' Sweet potatoes, North Carolina, 75a1.50; nearby, 2.50a3.00. Lettuce, per crate, southern, 2.00; Romaine lettuce, per crate, 2.00; Iceburg lettuce, per crate. 3.50. Cabbage, northern, 2.50a3.00 per 100 1bs.; nearby cabbage, per bbl 1.50a2.50; southern, 2.00a2.50 per bas: ket. Eggplants, per crate, 2.50a5.00. Tomatoes, per box, Florida, 2.50a5.00. Beans, 2.00a4.00 per basket. Peas, 3.00a5.00 per basket. Peppers, per crate, Florida, 2.50a3.50, Kale, per barrel, 2.50a2.75. Spinach, per barrel, 3.00a3.50. Celery, crate, Florida, 2.50a 3.50. Brussels sprouts, 25a35. Squash, 2.50a3.00. GRAIN AND PROVISIONS. BALTIMORE, Md, February 23 (Speclal). — Potatoes, white, 100 pounds, 50a1.35; 150 pounds, $0a2.25. Sweets, barrel, '1.25a2.00; bushel, 50a 60. Yams, barrel, 1.25a1.75: bushel, 60a65. Beans, bushel, 3.0025.00. Beets, 100, 4.00a6.00. Brusseis sprouts, quart, 25a30. Cabbage, hamper, 2.25a2.50. Savoy, bushel, 1.00a1.25. Carrots, bas- ket 40a50. Cauliflower, crate, 1.76a 2.25. Celery, crate, 1.50a3.00. Cucum- bers, crate, 5.00a8.00. _Eggplants, orate, 4.90a7.00. Horseradish, bushel, 3.00a3.50. Kale, ~ barrel, 2.00a2.25. Lettuce, basket, 75a1.75. Onions, 100 pounds, 1.25a2.75. Oysterplants, 100, 6.00a8.00. 'Parsnips, bushel, 1.40a1.50. Peas, basket, 3.00a4.00. Peppers, crate, 3.00a4.50. Radishes, basket, 50a2.0 Spinach, bushel, 75a1.00. ' Squash, crate, 3.00a4.00." Tomatoes, crate, 2.5024.50. Turnips, basket, 35a50. Apples, packed, barrel, 2.50a5.50; bushel, 75a1.50; 1o0se, 100 pounds, 1.5 a2.00; ' basket, 50a75. Cranberries, barrel, 8.00a12.00. Grapefruit, box, 2.50a3.50. . Oranges, box, 3.50a4.25. Strawberries, quart, 25a4s. Tanger- ines, half strap, 2.5024.00. Selling Prices at 12130, Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot. 1.33%, nominal; No. 3 red winter, spot, no quotations; No. 2 red winter, garlicky, 1.82%, nominal; No. 3_red winter, garlicky, no quotations; Feb- ruary, 1.33%, nominal. Corn — Cob corn, mew, ‘' 4.50 per barrel; contract, spot, 83% per bush- el; No. 2 corn, spot, 85%: No. 4, no quotations; track corn, yellow, No. 3 or better, 91 per bushel. 5 Sales—None. Oats — White, No. 2, 55a55% per bushel; No. 3, 54a54%. 96 96y | Rye—Nearby, 85a95 per bushel; No. 8% 681 |2 Wwestern export, spot, 96% per bushel; No. 3, no_quotations. 42% 42%1| “Hay__Receipts, 9 tons; for-the bet- 7T% T7%|ter descriptions of timothy and light 68 68 |there was a fair demand under lim- 47% 47%|ited receipts at a range of 16.00 to 90% 90% |20.00 per ton. 116 116% No. 1 tangled rye, 15.00a 60 60 1 wheat, 11.00a12.00; No. 84% 84% |1 oat, nominal, 12.00a13.00. 107 107% TODAY’S CHICAGO PRICES. o8, 38 | CHICAGO, February 23._Wheat 99% 99%ljacked support teday during the 102% 102% | carly dealings and underwent a sharp 92% 934 | drop in values. With Eastern selling 79% 9% |in evidence against May delivery fell to 1.17%, and for the first time in & 100% 100% Flong while buying at 1.19 failed to 91 ° 91% [develop. Setback in quotations at 109% 109% | Liverpool and Winnipeg had a de- 109 109 |pressing effect here and 8o, too, in 96% 96% |some degree, did Washington reports 81 81 {of delay to proposed farm credits 94% 94y, |legislation. The opening, which va- 84 84 |ried from 3 to % lower, with May 64 64w |118% to 119 and July 114% to o %|1147%, was followed by material 8% 79 | further losses. 80% 80%{ Corn .and oats sympathized with 86% 86% {the weakness of wheat. After open- 67% 67%|ing % to 1 lower, May 74% to 75, the 82% 831 | corn market continued to sag. 66% 663 Oats started % to 5% off, May 45% 92% 9215 |to 45%, and later showed a further 9% 79% 98 98 8% 8% 3% 3% break.. Provisions were comparatively 56 b6 45 45 firm, despite lower quotations on hogs. WHEAT— Ty u 28% 29 s,s’mnm 65% 656% 91% 91% 85% 85% 821 82% 94l 94% ORN— 68% 684 101% 101% 61 61% 621 624 921 924 831 83y 95 95 103% 103% 95 95 86 86 50% ¥ 21 4% Jewel Tea...... Jewel Tea pf. Jones Tea...... b6k Jones & L'ghl pt 109 Kansas & Gulf.. 1% Kansas City Sou 23% Kayser (Julius) 45% Kelly-Spr Tire.. 54 Kelly-Spr 6% pf 91 Kelsey Wheel.. 112 Kennecott, . W2y Keystone Tire.. 10% Liclede Gas..... 87 Lehigh Valley.. 69 Lima Locomo... 68% Loews Inc, 19% Lorillard pf..... 118% Louis & Nash... 152 Mack Truck: 2% Mack Truck 2d. 88% Mackay Cos. 117 Macy Co. 674 Magma Copper. 34% Mallison & Co.. 34% Manati Sugar.. 57 Manati Sugar pt 87 Manhattan Ects 43% Manhattan Shirt 46 Maurland Oil. 41% Marlin-Rockw 15 Martin-Parry. 30% Maxwell (A). 47% Maxwell (B) 15% May Dept Stores 75% MclIntyre Porcu. 18'% Mex Seaboard 18% Mex Sbd ctfs 17% Miami Copper.. 304 Middle St Oil. 11% Midvale Steel... 29% Min St P&SS M. 69% M St P& SSM pf 90% Mo, K& Twi. 164 Mo, K & T pf wi. 44% Mo Paclfic...... 18% Mo Pacific pf. 4% Montana Power. 69 Montgom'y W'rd 23% Moon Motors... 23% Mother Lode. ... 13% Nash Motors. ... 103 21% 5% 57% 109 2 237% 4634 bd% 91 112 42% 10% 87 69% 68% 1954 118% 162 3% 887% 117 67% 357 353 627% 874 434 46 41% 15 31% 477% 16 5% 184 18% 1744 30% 11% 2914 69% 90% 16% 44% 18% 47% 1% Tow. Close. 102% 102% 99t% 99% 94% 94% 98 98 12 112 93% 93% % 5 84% B4 96 96% 103% 103% 100% 100% 101% 101% 100% 100% 9%, 99% 104 104 101% 101% 103% 104 52 52% 89% 90% 86% 874 109 109% 97 974 93% 94 93t 93% 88 88 96 96 98 98% 97 90% 93Y 92% 81% 79% 5% % 56 55% 361 100% 112 98% % % 108'%4 101% 9314 931 9814 99% 85 61 76 104% 118% 2% 115% 104% 90 105% 112 MISCELLANEOUS. Ajax Rubber 8s. 99 Am Agr Chem 71 AmSmelt&R 1s 90% Am Sugar Ref 65 1024 |AmT& Tevés.... 116 115% {AmT & Tl tr5s.. 98% 98 {Am T & Tcltrds.. 92% 91% 104% i | BY STUART P. W . Speelal Dispateh to The Star. NEW ¥ORK, Webruary 23.—The professional view of today's stock market was that the pools had been taken aback by the action of the re- serve bank, vet were making a bold stand to discourage any general sell- ing of stocks. One set of traders was /suspicious, saying that the market was being held up by main force, while another set laid stress upon the point that stocks could not have been distributed in any large way and behave as they did today. W happened was that after an uncertain opening and some decline Quriug the first hour, a dozen or S0 of the speculative leaders were taken in hand and bid up. This maneuver had a steadying e upon the rest of the list, but was not sufficient to restore the buoyancy of the early part of the week Sugar Stocks Prominent. Following another rise in the price of raw sugar and a corresponding advance in refined, the sugar stocks came in for_attention again. S American Wool made a new high, parily as the result of favorable esti- mates regarding earnings and partly in consequence of the announcement that three more of the principal lines of fall goods had been oversold and withdrawn from the market When it came to turning prices upward after the early period of un- settlement it was stocks like Stude- baker, American Can and Amer] Locomotive—all of them casy to con- trol—that. were selected as the leader: Those who were active last week in passing out information regarding at least a $6 dividend rate on Guif States Steel said today that the §1 quarterly dividend deelared last Wednesday meant to them that the rate would be increased at the next meeting to $1.50 quarterly and at the Meeting six months hence to_at least $2 quarterl and perhaps 50 quarterly At the same time that the $1 dividend that was declared on the common stock the board of directors set aside divi- | Balto & Ohio p dends for the entire yeam on the first|Bang & Ar'nst’k and second preferred issues. 'BBnnk olffio(r‘r{) : P arnesdal E s Brooklyn-Edison Popular. Batopilas Mining Not more than 1 per cent of thefpo 0B CF 5 P $16.000.000 _stock offering of the|geschaue Fack. Brooklyn Edison Company was lert | Beth Steel (B) . to the underwriti ndicate, 99 per | Beth St17% (n). cent having been subscribed to by |BoothFisherles. stockholders. Up to the close of busi- | Booth Fishistpt ness on Wednesday more than $14,- | Bklyn Edison. .. 000.000 in cash had been paid in on |Brooklyn Ed rts.. the offering. Estimates are that the | Bklyn Rap Tran syudicate will have only about 500 | Bklyn R Tr ctfs. ares to underwrite at 5100 a share. ' Brown Shoe.... Advices which might be termed |Byrns Bros (A). semi-officlal are that there is very lit- | Burng Bros (B). tle likelihood of any dividend being Burnsprpf (B) declared by the Ontari nd Western Burns Bros pf. directors in 1923. Stockholders have SRoem- been expecting some action for at|Butte Coppér least & year, and most dividend sheets | Butte&Superior. still show Ontario and Western a |Butterick...... two-dollar stock. The road has been | - o ... extremely hard hit by strikes. coal | California Pack. troubles and bad weather. During | Calif Petrol.. this winter the Ontario and Western | Calif Petrol pf. has been more snowplow than rail- | Callahan Zinc. . road, having had to keep its tra Calumet & Ariz. clearing apparatys at work mearly |Canad'nPacific. every day. Case Plow Wks. Review and Outlook. Central Leather. The effect of the raising of the | CentralLeathpt New York Reserve Bank's discount | Cerro de Pasco.. from 4 to 41 per cent upon today's | Certain-Teed... markets was felt chiefly in the in- | Chandler Motor. _vastment section. Liberty bonds, as |Chesap & Ohio the principal collateral for non-com- | Ches & O pfwi. mercial loans, promptly adjusted their |Chi & Alton.. prices to the new level with a drop |Chi& Alton pt. ot 30 to 50 cents on the $100. Cor-|Chi& East Il pf poration issues were not positively | Chi Great West. weak, but they were off very gen-|ChiGreat W pf. erally. The bond market took the |ChiMil&StP.. ) reserve bank’s action as an official | ChiMil& StPpf. | confirmation that the downward |Chi& Northwn. ) movement in interest rates, which ran | Chi Pheu Tool. . from June, 1920, to September, 1922, | Chi R I & Pacific was definitely over and that the {Chi R I&P.6% pf principal force in raising investment ' ChiRI& P7%Dpt values had finally disappeared. Chile Copper... With the speculative stock market | Chino Copper. .. it was a question how much of an |Cluett Peabody. element of warning there was in this | Goca-Cola increase of the discount rates. On the S i Al > Colo Fuel..... whole the answer was that if the in- {5010 ChE oo e tention was to restrain speculation, [ 210 * Ot~ whether in stocks or in commodities, | Columbia Gas. .. as a_comparatively minor motive | Columb'a Graph minds of the bank directors. | Colum Graph pf. y the advance from 4 to 41 |Com Solvents A. per cent was the readjustment of re- | CompTabulator discount quotations in the New York |Conley Tin Foil. 2nd Boston districts to those prevail- | Cons CIgar..... ing in other sections of the country, { Corsol GAs new. Caused Decline in 1919, Cons Textile. recognizing at the sWme time that|ContCan. the outside wmarket for commercial | Cont Can pf papers has been slowly hardening un- | Cont Insura der influence of expanding trade | Corn Products. . demands, so that rates at present are | Continental Mot a half per cent higher than they were | Cosden & Co. ... Crucible Steel. . Cuban-Am Sug. Cub Am Sug pf.. tast summer. Yet with all Cub Cane Sugar. Cuba Cane S pf. on these lines and 10 be said about the much stronger Cuban Dom'ican. Cuban Dom pf... position of the federal reserve as com- pared with November, 1919, the facts £tood out prominently’ that it was the raising of official rates on the latter occasion that precipitated the Wall | street decline. This provided at least | Davidson Chem. a sentimental test for a speculative |De Beers....... Del & Hudson. D Lack & Wstn. Detroit Edison. Detroit United Dome Mines. BY J. C. ROYLE. patch to The Star. W YORK, February 2%.—Rece and frequent advances' in crude prices are greatly enlarging the plane of producers for what is expecte. today to be perhaps thc most o tensive spring and summer drilling campaign In the aistory of the in dustry. Reports from Pittsburga today s that' Pennsylvania producers cla that $4 oil fully justifies greater ex- ploration work, and with that price being paid for crude oil, plans are being made, not only for entiraly new work, but also for a great des of work in extending old flelds. Row in Market Association. Similar conditions exist In other fields than in Pennsylvania, and pipe and tubular goods makers are enjoy- ing, as a natural result, a buylng movement similar to thzt which sc extensively affected the steel market a short time ago when the railroads and the automoblle manufacturers of the country were placing large orders for delivery in the first half of this year. b From the midwest today came word that dfssatlsfaction with the Petro- leum Marketers'-Assoclation has caus- ed about forty members of that or- ganization to resign and to organize the American Oil Men's Assoclation The policy of forbidding members to do business with the Standard Oil companies resulted in the restgna- tions. Members of the newly formed assoclation include Cosden & Co. Marland Refining Company, Moore Refining Company, White Eagle Ol and Refining Company, and some of the other larger independents. New Boll Weevil Fight. Not only the south and southwest but northern and eastern manufactur- ing sections as well showed deep in- terest today In the rather startling plan of Hudson Maxim for eradicating the boll weevil through wrapping of the male pest by balting the tra with & golution or section obtalnes from the female of the species. Where there was some skepticisn shown at first glance by manufac- turers whose output is either wholl: or in parg based on the products ol the cotton fields, & complete under- standing of the plan and the.sefious- mess with which it was recelved b the. national conference at Atlanta has evidently given them cause for deep thought, according to dispatches recelved here today from such cen- ters. All indications today. point tc the fact that every encouragement financial and moral, will be given scientists in their effort to develop Hudson Maxim's plan to find: & bet- ter weapon even than is afforded in the use. of arsenic preparations for fighting the boll weevil. It was very evident today. that the Assoclation of Research, headed by Dr. Reese Hutchison, will be accord- ed sound financial aid, not only by cotton growers, but by all users of the raw material as well. Greater Car Shortage Feared. Fears of a greater car shortage thic spring are imminent ‘in certain se tions in the middle west. It was re- ported today from Clevelamd that shippers there are receiving warnings that such a condition may occur and it has somewhat hampered the move- ment of steel products and coal for more than a month. Tiremakers at Akron are steadily increasing production in anticipation of a very heavy spring trade. The Seiberling Company there, one of the youngest of the AKron companles, re- ported today that $1,000,000 in orders are on hand. January deliveries, it is sald, exceeded $500.000 and business the first week in February was 20 per cent over the company's previous best week. An advance of 10 per cent in tire prices is generally looked fo: about March 1. Big Demand for Corsets Helps Paterson Mills Special Dispatch to The Star. PATERSON, N. J, February 23.— ‘The demand for corsets, for a long time non-existent, has revived and with it has come an active market for elastic webbing. Mills here are now turning out webbing in from two to twelve-inch widths for this purpose. Garter- elastic demand e also pressing at this time, as several manufacturers are preparing to turn out a garter for men which will re- tail at 25 cents a pair. The demands from manufacturers of suspenders have never entirely ceased, although the silken grades have been some what neglected in this regard. New Orleans Convention Reports Heavy Buying Special Dispatch to The Star. NEW ORLEANS, February 23.—An advancing market and general busi- ness optimism, due to good prices for agricultural and forest products, is making the annual New Orleans “spring buyers' convention” which is here this week, probably the best ecord. e atteridance is about one-third larger than last year, with 250 dele- gates present, representing 137 firms registered. Sales are reported as very large, with a general disposition to Jay in good sized stocks in anticipa- tion of 1923 business. One optim 53 98 8% 18% 644 101% 38% 82% 108 33 123% 165% 155% 104 29% 55 93 105% 110% 18% 56 51% 2415 45 8% 914 102% 89% 34 122% 21 2% 26519 1.75 Baldwin Loco. Balto & Ohio. 99 103% 89% 102 Manhat Ry cn 4s.. Market St cn 5s. .. Mich Central db 4s MilEl Ry & L 5s.. M&StLrfex0s.. M & St L 1st rf 4s M StP & SSM 6 MK&Tlst4s.... MK&TprinssA. MK&T6sC. MK & T adj bs. Mo Pacific 6s Mo Pacific Mo Pacific gn 4s Montreal Tm 1st 53 ew Or Term 4s. .. Y Centdeb 6s. .. Y Cent deb 4s Y Centrigs.... ew Haven c d 6s. New Haven d 4s 57. New Haven 78 N Y State Ry 4%s. NY W & Bos 4335, orfolk & W cn 4s Norfolk & W cv s. Northern Pac 3s orthern Pac 4s. orth'n Pacri 6s. Northern Pac bs. Ore & Calif 1st 5s O Short Lien bs '46. Ore Short L ref 4s. Ore-Wash 1st rf 4s 10% 9% 61 138 38% 120 105 11% Anacon cvd 7s wi. 249 Anacon 1st 6s wi.. 96 98% Armour & Co 4%s. 88 Atlantic Refin 58 99 Bell Tele Pals.... 7 107% Bell Tele PaScrets 12 98% | Bethleh'm Stl rf 58 2 935 Beth’'m StIpm 5s.. 15 89% | Bethrm Sti s t6s... 26 99% iBrier HSt st 5%s 95 ! Bklyn Edlson 7s D. 3 108% NEW ORLEANS, February Ay | TS B 90 price of cotton again reached up to new | Central Leather 53 17 98% high levels for the season in today's | Cerro de Pasco 8s. 21 142% trading. early advances carrying March | Chile Copper 8. 68 109% up to 20.45. All old crop positions made | Comp.Tan T 6o, 1 98% new high records, but new crop months | Con Coal Ma 1st 55 16 89% did not, being held down by continued | Cub CaneScvd8s. 72 96 favorable accounts in connection with |Det Edisonref6s.. 1103 the new crop. In the first half hourDUPontdeN7i:s. 23 1084 i L ans Duquesne Lt T%s. 2 107% of the session prices rose 20 to 49 points. | pudtesne 4 TRE 2 1000 This was first March notice day, and | Cuba Suz 714s. . 178 109% no notices were issued. Their ab-{ Emplre F&G 71 22 94 -nce had much to do with the advance, 31 107T% 8s. though better cables than due weré | Grn oy gon oo 10214 y Gen Elec deb s, > # bullish influenc - b Cotton opened Gen Refractes 6. 1 99% May, 29307 Goodr'h (BF) 63s. asf'd' Dgocror{bgrlfl" Goodyear Tr 8s’31. }t‘)éu. % Goodyear Tr 8541, NEW YORK, February 23.—The fea- | Humble O&R 5%s. 6 98% ture at the opening of the cotton mar- | Int Mer Marine 65.-25 86% ket today ‘was the continued strength | Int Paper 1stSsA. 4 B6% of the old crop positions, which made % new high records for the season, with | [Pt Faper 1t 5s B. 86% both March and May selling at 29.80. | Kelly-Sp'gfield 8 110 Cotton ~futures opened irregular. |Lackaw'a S 58'5 91% March, 29.63: May, 20.80; July, 29.04; - Liggett & Myers 7s 18 117 October, 26.20, and December, 25.80. A £ e s Liggett& Mversts 3 98 NEW ORLEANS, February 23.—|[ieniecy (5500, 3 96% Noon bids: March,’ 20.45; May. 29.38; | Movie Gon we va.. 4 1175 , Zsiy October, 20.65; December, | yanati Sug sf 7% 88 102 { Mexican Petrol 8s. 1 107% NEW YORK, February 23 { Mich St Tel 1st 5s. 99% am._ bids: March, 20.60: May, 29.72;| Midvale Steel 5s. 28% July, 28.95; October, 26.09; December, | Montana Power 5s. 11 98% 25.71; steady. Morris&Colsti%s 5 85 ks New Eng Tel6s... 9 98% NY Edison 1st 6%a 65 110% flN DWIUEND REI URT Otis Steel 83. Pacific Gas & E16s PacT & T bs 52, Sinclair Ol 7s. ... Sin Crude Ofl 5%s. Sin Pipe Line 5s. . . Otis Steel pf.... 63 Owens Bottle... 45 Pacific Develop. 1 Pacific Gas & EI 81 Pacific Mail. . FacificOll...... Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Panhandle Parrish & Bing. Pennsylvania. .. Penn Seabd Stl. People’s Gas. . ... Pere Marquette. Pere Marq pf. .. Pere Mrq pr p! Philadelphia Co. Philadel Co pf. . Phillips Jones pf Phillips Pete. Plerce-Arrow. .. Plerce-Arrow rts Plerce-Arrow pf FPlerce Qil. Pierce Oil pt. .. . Piggly-Wiggly. Pitts Coal...... Plitts & W Va. .. Pond Creek Coal Porto Rico Tob. Postum Cereal. . Pressed Stl Car. Producers& Ref. Prod & Refpf. .. Pub Serv of NJ. Pub Serv pf.. Pullman Co..... Punta Alegre. Pure O1l. Railway pr. Ray Con Copper Reading. 2 Reading 1st pf.. Reading 2d pt Remington. .... Replogle Steel.. Rep Ir & Steel 102% | Rep Ir & Sti pf. . 187% | Reynolds Spring Rey Tobac (B).. 584 | Royal Dutch. ... 79% 35% | St Joseph Lead.. 102 | St L & San Sran. 18% | St L & San Sr pf. 58% | St L Southwn. .. 10% | St L Southwn pf 56 |San Cecilia Sug. Savage Arms. .. 84% | Seaboard Air L. 26% | Seaboard A L pf 121% | Sears Roebuck. . 128 | Sears Roebk pf. 110% | Seneca Copper. . 70% | Shattuck-Ariz. . 41 | Shell Union..... Received by Private ‘Wire Dirgct to The Star Office Received by Private Wire Direct to The Star Office. ll‘ 'l'fl KEEP PRl[;ES UP IN .I'UD AY’S IRAD'NG For Revised Close of Bond Market see 5:30 Edition of The Evening Star. . o —_ Soles. Tiigh - Law, Close.|Ann Arbords..... " 1 64% Lib314s. 17% 17% Lib3d4is... 485 9870 9838 9856 B&Oprin3yy... 13 o4 21 21% ElGN. B&O PLE&WV 4s. 1 7p% 3% 23 BY GEORGE T. HUGHES, ales. High. 23% uvll Argentine 7s. Belgium 8s. Bklyn R T Fy 41% 42 .17 112 vance in the discount rate by the New | polvIa 8- Canadlan North 7s. 9 114% ; Brazil 7% L 71108% 7 195 197 Central Pacific 4s. 85% third-grade and speculative lssues. A Canada 58 1931. ... 12 101 Ches & O gn 435 86% o i s Chile 85 1926, 48 102% Chi B&Q 1st rf by, 9915 57 ' 627 | S0ld off, with the old 41is showing |Copenhagen 5%s.. 29 90% ChI M&S P rt 4145, 624 46 46 New York Central is, Reading gen-! henmark 6s. .11 98% IM&S Pev 43, 66% i 37 |Nashville unified 4s and Central Pa-|Framerican1D73s 11 88% Chi& NW 6355 o 1% 16 |eovernors should have shown no sur- | pPGHCh GORLTHs. . 08 0. Chi Un Sta 4155 2 purpose because it had beeg too long 1o 0% Japanese 2d 4%s.. 12 93 CCC&StLrffsA.. 9 101% the new rate established Wednesday 20v 29% Lyons 6s. % Del & Hd 1st % serve system and that the open e ik 16% 16% Mexico 5s large. 55% i time. It should have no effect on e e ime amt Norway 8s. 112% D high-grade bonds were apparent ex- Erle 1st con 4s. 567% 2% 208 Prague 7%s....... 11 6% 22% 224 |Coal and Tron general 55, a block of Erie conv 45 48% 122 122 Forelgn Bonds Firm. Rlode Jan 851946. 8 94% irand Trunk 7 114% 1% 1% |8s sold 3 points above the price ob- | Sa0 Paulo.State, 8s 10 100% Green B & W db B. 12 129% public purposed starting negotlations | Solssons 6s. . 6% T11 Central ref 4s 86 9 irly well, notwithstanding the re- | Tokio 5s 2 72% Int R Transit 7s 93 93 strong feature was furnished by the | 78 SinEm B e 07 23 e 8 N Y Central. 97% 9714 1 4 fined article. 663 Lake Shore 4s '31 e 96 96 INYO&Western 20 19% 68 681 T Louis & N uni 4s. ll;'/z North Afuerican 116% 116% Ohio Bdy & Blw. 9 Otis Steel.. ... 1% > Early Advances Carry March Up| 26 “THE :EVENING STAR, WASHINGTON, D. (., FRIDAY, FEBRUARY -1923. POOLSWORK HARD ([ ~Ew York stock EXCHANGE |(BONDPRICESDROP |[ox~=w vorx BONDS stocx excannc] Sl (Sales are in $1,000) RAILROADS. UNITED STATES BONDS. ‘Sales. High. il A . 39410150 10134 10140 | Atehison gen 4. 29 ggn H i i id j Lib 2d 4s 71 9800 9800 980 antic CL 1st 45, 1 87! Ralsing of Rediscount Rate 15 17 Liberties Lead Decline, Laid |Lib2d s, .. 1 9800 8800 3022 Aoty 1 ] 874 : Lib 2d 4%s.., 1390 9820 9798 9814 AtlanticCLclds.. 32 81 Causes Worry Among Wall % %| to Reserve Board Action on 5618 Lib 4th 4%s.. 2157 9838 sagz ,3333 B:"l:"ld s, 14 78% Ta% 6% i Victory4%s.. 46 10008 100 6 101 Street Speculators. — Rediscount Rates. US4%s1952.. 471 9990 9980 9990 21 " 80% 0+ o _FOREIGN. 22 s % 23 OSWdlvays, 15 93% 45 45% | special Dispateh to The Star. Belgl 159 "o E:U'roledols . 2 66 5K Be . he Btar. elgium 7%s...... 39 IynRT 43 2002° 10 685 e o NEW YORK, February 23.—Interest | Belgium 6s. 13 94% BKIYu R Thsctfs.. 1 774 111 111 [ the bond market toduy centered in | B 10 98% Bk 21 a8 he effect uotations of the ad- |Bern8s. 1RT 7s '21 cttg. s Bolivia 85 S1z e BKIRT 7721 ot sta, 20 oo% 87 87 .|York and Boston Kederal Reserve | Brasii 7u. '3 s 66'\1‘. 67 * | banks from 4 to 413 pér cent. Brazil 8s. .23 96Y% Canad North 6%s.. 2 1124 The immediate result was reaction Canad Pac deb 4s.. 8014 118% 118% | in the prices for all bonds except|canada 5s1926 1 100% e : “hes & Ohlo cv 5s. ¢ 150 160% Canada 5%s 1929.. 3 101% Ches & O ey 41ps. " Libertys and prime Investment rates, g e Tave| as might have been oxpected, suf-|CanadaGs1952.... 20 99% Chi & Alton 3, 5 lfi/‘ 1?.8, . Chile 851946...... 8 104 hi & Alton 31 :2%»;, g - Libertiex Lead Decline. Chile8s1941...... 3 104 Chi & BE111 gn § 5% &n bs. . 0 34 3241 AN Unitea States government bonds | Chinese Gov Ry 5s. 14 52% ChlGreat Wont 4s. 2 5% 7y | the greatest decline. High-grade | Czechoslovakia 8s. 42 87% ChI M&St P ¢ AT 52| rails, “such as ‘Atchison general 48, | Denmark 85 74 109% Chi M&St P 4n 25, o6 oo eral 4%, Illinois Central 4s of 1953, | Duteh Bast T 68747 47 94% Chi M&St P 4334 = 41%| Northern Pacific 4s, Louisville and | Dyteh Kast 16562 30 93% CM&SUP an sl gfl:fl cific 4s were llkewlse affected. - 2 e s | cific 45 w c rench Govt 8s.... 38 96% Chi Rys 5s. . ;z’/: ?G. The action of the federal reserve | prciCh GOUt 77 " 60 aavy IRT & Pac rtds %% prise In view of the criticism that the 18% 18% ! action late In 1919 did not meet its|Holland-Ams f6s. 13 90% hiUn Sta 63s. .. 115% 1™ 179 Japanese 1st 414s. 13 93% 1& W Ind cn 4s. 5% delayed. 293 | It should also be remembered that | Japanese 4s. 11 81% Colo & Sou 43%s. .. e Jergen UM 65°47.. 24 80% Cuba R R Gs.. it simply brings the eastern bank$ into > 9% 69 | line with the rest of the federal re- | Marsellles 65. [ « 69% 5 Del & son 5 0 O ataa linys Deen fore. | Moo BE- Bow nenmfi‘:‘;‘k‘;zn ae 1323 shadowing this development for some | prox| : 43% 43% exico ds. . 37 g : 18% 18% | strictly investmrent securities yield- | Netherlands 6s 100% DEEGEsBT e 543 ing around 5% -per cent. A few | t United 4%s 82% 6 . 1t Norway 6s otfs. ... 36 98% £} 23% 23% |ceptions in the day's general weak- | Parls-Ly's-Med 6s.104 72 Erle con ext 7s. 103% ness. One of these was Tennessee Erie gen 4s. 48% z , 12 134 | (Nich was sold over tho counter |Queensland7s..... 4 108% ErisconvisD.... 8 bi% 103~ 104 [above par. Queensland 6s. . 101% GrTrunk sf deb 6s. 12 104% 156 16%| Foreign bonds were relatively firm | E10de Jan 851947, 16 98% GrNorth gen 7s. .. 25 109% 42 42| today. At one time Czechoslovakia |S0 Paulo, Clty.8s. 1 98% GrNorth gen §1¢s. 10 101% 100 taining when the announcement was | Seine, Dept of. 7s..113 - 86~ Hud & Man ref 5s. 82 68% made that the government of that re- | SerbsCrotsSlov8s. 11 61 Hud & Man aj 5s. 63% for the funding of its debts to the | Sweden 6s 1047 111 Ce i e United States. French securities held | SwissConfed s£85. 3 1184 xn:(;:::;‘-:-:r:asz” ‘3}2 16% o - action in France exchange. Ud King'm 534839 53 116 Int & G N, . 3 = 51%8°29 b 3 Nor aj 6s. s Among industrials the ‘only real|yq in€m P¥E22 33 Kan Cley w¢ s"s“ ;g;‘: 497 sugar issues In sympathy with an- othier advance in the price of the re- | Uruguay 8s Kan City Sou 5s. .. 86% NYC&StL2d, 90 90 Zurich 8s. Kan City Term is. o NYNH&Hartfd. 21 20% g ead o . 08 Lehigh Valley 6s. . 6% 6% 64| Norfolk & West. 116 115% r Long Tsland rf 4s. 6815 6814 | Norf & West pf. 78 i 115% 117% 116% 7 orth Amerpf.. 47% 4™ i North Pacific... 79% 9% Oklahoma Prod. 2% Orpheum Ciretit 19% to 29.45—Al1 01d Crops Go Higher. oo 14 @ By the Associated Press, o 17 21 o panl 2 Berloa@Bvasaan al March, 29.40: October, 25.80, Pennsyl gen 5s.... Pennsyl gen 415 Pennsyl 6%s. Pennsyl gold 7s Pennsyl con 41 Pere Mrq 1st 4s'56 Pere Marq 1st 5s.. Reading gen 4s. Rio Grand W cl4s. RIATk & L 4%s.. il i: ;M&S R&G 4s. St M&S4s’29. 10 o e|stLesFpitsa. 70 o |StL&SFprinss. 22 s F inc 6s. S F P F 129% 57% 30% 114% 16% ~79% 52% 53 43% 29% 57% 93% 26% 58% b63% 20% 25% 49 34% 61% 4% 23% % 13 89 111% 11% 10% 15% 129% 59% 30% 1141 16% 9% 521 53 44% 29% 57% 3% 26% b8% b4% 21 26% 49 34% 61% 4% 23% % 13 89 111% 11% 10% 15% 100% 107% 99% 8815 98 85 98% 110% 99% 105% 93% 93% 91 107% 100% 91 91% 107% 100% 107% 127% 85 112 100% 97% 87 as |5 5%sD 85 St adj 6s. . 98% St plésC. 110% StP & KCShL4%s. 301, |San A & Arn P 4s 106 | Scab'd A L s st 091 | Seab'd A Liret 4 9% | Seab’d A Ladj 5s..117 o1 |Seab'd AL con 6s.. 44 107% Sou Pacificcv 4s... 18 1067 | Sou Pacific ret 4s.. 29 Sou Pacific clt 4s.. 13 91y | Southern Ry 1st5s 8 941 92% | Southern Ry gn 4s. 37 68%. 107t | Southern Ry 6%s. . 36 101% 1omi | Thira Averet4s... 9 61% ome | Third Avead)5s.. 52 63 85 Union Pac 1stds... 2 92% 113 Union Pac 1st rf 4s 11 84% 100% UnionPaccvds... 16 95% 97s | Union Paccv 6s... 6 104 37| Virginla Ry 1st 53, 6 95% VaRy&Plstls.. 2 86 & & L& L& L& L& s s s s s s K usg 114 . 113 a4 High. 119 114% 118 5 Low. 117! 1131 Close. 1.17% 114 112 112y 75 .78 % 741 7 Bt Amg 6l 0% .76 76 .45 45 44 A4 :2§§ :33. t?. i L1185 IL5T 1152 1155 L1170 1170 1165 11.67 10.87 10.95 451 29% 6655 92 85% 82% that W 107% 101 91y 92% 107% 101 107% 127% 85 13 100% 97% 874 was to be saidl h all that was NYGELH&P bs. N Y Tel 65’41 106 NY Tel 4%s. 93% 94% American Stores Soars After 700 | Packard Motor 8 PhilaCoref6sA.. g:fi Per Cent Stock Melon Is Producers & Rf 8s. 121 127% Announced. 110% 0% 41 N Am Edison 6s..: N States Pow 5s... 3 1% Northwst B Tel 75. Producrs & R8s w o : L Public Service 5s. . July .». . 1095 1097 1085 Sinelair Of 5. - DAIRY PRODUCTS. BALTIMORE, February 23 (Spe- cial).—Live poultry—Turkeys, pound, movement, which had been going with only slight interruptions for nearly three mounths, and which more recent- Iy was hecoming rather obviously ex- cessive in some directions. The essen- By the Associated Press. \ from a purely stock mar- standpoint between d those in the public had the stoe 1 by the pools occurred, the has not been com- and bankin process api .plete. + Studebaker in Sharp Rise. with the help of the favorable annual report obtimistio estimates earnings, made a g for its stock in Baldwin Locomotive, s quite weak and proved the strength of the rlier operations foi®| Successtul which they of the week. | shares falled to in the replace- The pool in Studebaker, and the highly rogarding current very strong show the afternoon. lowever, v an tset Stude . Wit hour as if the e the rivo lad not ring the in_ the Asia rule copper respond to the further prica of the metal and ment of Inspiration dividerd basis Call money toward the although th diminishing abla Tor speculative purpos o lovked in rad it DatE s rise Copper went to 6 onditions to- utumn of 1919 was per cent end of the afternoon, but was a further sign of upplies of money avail- it had DuSS & Alt pf. Dupont (ED)... Eastman Kodak Elec Stor Bat. Emerson-Brt pf. Endicott-John. . Endicott-Jno pf. | Erte. . Lrie 16t pf. ... Exchange Buff. Famous Player: Famous Play pf. ¥d Mines & S pf. Fidelity FireIns Fisher Body... . Fisher B of O pf. Fisk Rubber. Fleishman Freeport Texas. Gen Am Tk Car. Gen Asphalt. Gen Cigar y . Gen Elec'rlc. Gen Motors Gen Motors pf. . Gen Mot 7% deb. Glidden. Goldwin Goodricn. Goody'r pr pf wi. Granby Consol. . Gray & Davis. Gt Northern pf.. % 118% 107% b59% 29% 76 116 12% 19% 28y 87 95% 54% 134 184 101 15% 39% 20% 69% 46% 92 185 15 84% 98 11% 6% 37 98 29 13% 8 5% 120% 110% 59% 29% 6% 115 13 19% 29% 87% 95% 54% 134 184 101 15% 39% 20% 69% 46% 92 186 16% 84% 98 11% 6% 37 98% 29 13% 8% Shell Unfon pf.. Simms Petrol Simmons. ... Sinclair Oll. Sinclair pf. . Skelly Oil. . Sloss-Sheffield. . So Porto Sugar. South Pacific. ., Southern Rwy.. Southern Ry pf. Spicer Mfg Co St Oil of Calif... StOllof NJwi. St Oil of N J pf. Sterling Prod. .. Steel & Tube pf. Stew't-Warner. Stromberg Carb Studebaker. Submarine Boat Superior Oil. ... Tenn Copper. ... Texas Company. Tex Gf Sulphur. Texas & Pacific. Tex & P C&Oil.. Tide Water Oil. Timken Bearing Tobacco Frod... Tobacco Prod A. Tol St L & W pf. 91% 13% 2614 34 9615 13 50 58 94% 33% 69% 26% 61 42% 1UTH 621 101% 96 79 120 11% 6% 12% b51% 614 26% 22% 137% 39% b7% 83% 53 9% 14% 27 34% 97 13 50% 60% 9474 33% 69% 26% 61 42 117% 621 102 96% 82 1215 12% 6% 12% 51% 614 26% 23% 137% 39% 57% 84 53 PHILADELPHIA, Pa., February 23. —After the announcement by the board of directors of a stock dividend of 700 per cent, the stock of the American Stores Company today made one of the most spectacular leaps that have occurred on the Philadelphia Stock Exchange in some years. The stock jumped from 170 to 1937% and later receded to 188. The American Stores Company oper- ates approxtmately 1,400 chain gro- cery stores in eastern Pennsylvania, New Jersey, Delaware and Maryland. PARIS PRICES FIRM. PARIS, February 23.—Prices were firm on the bourse today. Three.per cent rentes, 8 francs 97 centimes. Exchange on London, 77 francs 42 centimes. Five per cent loan, centimes. The dollar was quoted at 16 francs 44 centimes. - Vanadium Cerp. 41% 41% 41% -Cr Chemical. 26% 24% ~Car Chem pf _ 66% 65 Va Ir Coal & C.. ' 63% 634 ValrC&Cokepf. 80 80 Vivadou. 18% 18% 74 francs 66 67 67 80 26% 18% 102 106% 102% 103% 104 107 97% 111 881 108 102% 91% 97% 98 106% 110 97% 2 100% 10 103% 5 102 So Por Rico Sug Ts. St Oil of Calif.Ts. Steel & Tube s Tide Wat Oll 6%s. Tobacco Prod-sf 7s Toledo Ed'n 1st 7s. Union Bag & P 6s.. Unit Drug cv §s... USRublstrf5s.. U S Rubber 7%s. USSteelstbs.... 11 Utah Pow & Lt 5s. 15 Va-Car Chem 7s. ..108 Va-CarCh 7%ssw 9 Warner Sugar 7s.. 1 ‘West Union 6%s.. 6 Wickwire Spen 7s. 4 Wilson & Co 1st 63 Wilson&C cv T%s. Winch'tr Ams T%s 101% 106% 102% 103% 103% 106% 974 110% 88 108 102% 0% 97 97 105% 109% 97 100% 103 101% ———e. TREASURY CERTIFICATES, (Quotations furnished by Redmond & Rate—Maturity. 334w March 13, 1923... 41]s Mareh 15, 1923, 3%s June 15, 1923, 4 s Jume 15, 1924 ibs September 1 's June 15, 1925 Ne 102 106% 102% 103% 103% 106% 9T 110% 88 108 102% 907% 97 97 1051 110 97 100% 103 101% Co.) 101 1116 101 916 100 ‘Wabash 1st 5s. Wabash 2d bs. .. Western Md 4s. . Western Pacific 5s. 11 Whel &LE rf 4%s. 26 ‘Wisconsin Cent 4s. 1 .2 PO 7 97% 87% 64 824% 60% % 97% 87% 631% 82 60% % B87T% 64 82 60% 1% TOTAL SALES (Par Value): 11a.m.. 5232000 12noon 8203000 1 p.m.. 11338 000 2 p.m.. 13 168 000 —— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Aluminum Co. of Amer. 7 1 ‘Aluminum Co. of Amer. Ts 1 American Cotton Oil 8s 1924 American Sugar 63 1037.. L. & Tel. 63 19: Tel, & Tel. Copper 68 1929, Anaconta Coper 7s, 1029 Anglo-American . Arhour & Co. 78 1980 ——Noon.— Bid. Ofter. 108% | 10y | 021 97Y% | lproces: butter, 42a43. 25a35; old toms, 25; poor and crooked breasts, 20; young chickens, 30; poor and leghorns, 21a26; winters, 35; old hens, 23a25; small and leghorns, 20a 22; old_roosters, 15; ducks, 23a30; geese, 17a25; pigeons, pair, 30a35; guipea fowl, each, 35a60; 'dressed poultry, turkeys, pound, 30a36; old toms, 25a28; poor and crooked breasts, 20; young chickens, 29a31; old and mixed, 26228 old roosters, 16; ducks, 27a32; geese, 20a25; capons, 36; me- dium, 34a35; small slips, 30a32. Eggs, loss off, native and nearby firsts, dozen, 40; southern, 38. Bufter, creamery fancy, pound, 5la 52; prints, b2a54: nearby creamerw 16a47; ladles, 36a38; rolls, 35a36; store packed, 32a33; dairy - prints, 35a36; CHICAGO LIVE STOCK MARKET. CHICAGO, February 23 (U. S. De- partment _of _Agriculture).—Hogs— Receipts, 52,000 head; 10 to 25 cents lower; bulk, 150 to #10 pound aver- ages, 8.15a8.35; top, 8.35; bulk, 225 to sows mostly 6.75a7.00; pigs, general- ly, 7.25a7.75; heavyweight hog, 7.75a 7.95; medium, 7.85a$.20; light, 8.10a 8.35: light light, 8.00a8.3i packing sows, smooth, 6.85a7.30; packing sows, rough, 6.60a6.90; killing pigs, 7.25a 8.00. 300 pound butchers, 7.85a8.05; packing | delegate said today, “The people are buying and_we are buying heavily ourselves., We are confident 1923 fs going to be a big year. Cotton Men Watching the 1923 Crop Situation Special Dispatch to The Star. ATLANTA, February 23.—Cotton | men today are watching the 1923 croy situation with undisguised interest Some professed today to see in recent events, including the remarkable rise to nearly 30 cents, a menace in the temptation to Increase acreage. al- though others as persistently declared today that scarcity of furr'n labor will counteract this “danger” of over- lanting. Pithe | Southern automobile show closes its best exhibit Saturday night Visits by the heads of large mhnu(n\‘j turing concerns, sales conventions. record floor transactions and the number of admissions to the show have been features of the event. (Copyright, 1923.) —_— ROAD TO GET $865,403. little effect upon stock exchange. (Copyright, 1923.) STUDEBAKER REPORTS NEW RECORD IN 1922 NEW YORK. WFebruary 23.—The Studcbaker Corporation ofs America ports net profits of $18,- . after depreciation and federal €. equal preferred dividends 9.02 a share on the $60,000,000 common st outstanding during most of the year. The net profit was cqual to $23.21 a share on the $75,001 400 common outstanding after the 25 per cent stock dividend paid in e cem| In 19 net profit was $10, 409,699, or §16.20 a share, on $60,00Q,- 000 common stock. DIVIDEND DECLARED. NEW YORK, February 23.—Direc- tors of the Inspiration Com - pany today declared a dividend of 50 cents a share, payable April 2 lo stockholders of reeord March 15. The | Int M Marine pf. jast dividend was 1, paid in October, | Int Nickel. .. 220, \Intl Paper. 2« March 15, 1025 1% 4 A0V | 422 December 15, 125 Wabash........ 10% 1014 i 80% 4% s March 15, 1826. Wabash pf (A). 30 29% Web & Heilbrn. 13% 13 Wells-Far Exp. 981s 9754 Western Elec pf 113% 113% Western Md.... 14% 13% Western Md 2d. 24 24 Western Pacific. 18% 18% Western Pac pf. 59% 59 Western Union. 117% 17 Westhse E1 &M 64% 64% Wheeling &L 15 10% 10 Wheel & L Epf. 18 18 White Eagle Oil 20% 28% ‘White Motor.... 52 52 White Ofl..... 5% 45 Wickwire. 12% 124 Wilson Co. 4;% 40% 2% 34% 613% 90 67 % 144 5% 88 110% 36 85 179 14% 42% 8% 31% 4% 22% 69% 97% 104% 605 102% 41 456% 107% 107 120% 120 70V 68% 33% 837% | Trans Contl Oll. 106% 106 | Transue & Will. 30% 30%|Twin CR Tran. 12% 13 | Twin City pt.. 19 19 |Union Bag & P. 59 59 iUnionOil.". 89% 91% | Union Pacific | Union Pacific pf 1% 1% Union Tank Car 91% 92% | Un Tank Cr pf.. 40% 40% | Un Alloy Steel.. 21 21% | United Drug. 72% 72% | United Fruit. 29% 29% 29% | United Ry Inv.. 26% 26 26 “| Utd Ry Inv pf. 5% b 5% | Unit Retail Strs. 1174 115% 115% | U S Cast Ir Pipe. 40% 41 | USFood Prod. . % % |US HoffmanMct % %|USIndus Alco.. 10% 10%US Realty..... 96% 38% 38% (U S Realty pf... 104% 39 89% 26% 24 12% 847 60% 90 67 3 . 143% 6% 87% 110% 36 841 178% 14% 41 % 31% 4% 22% 68% 101 |, Cattle—Recelpts, 4,000 head; fairly 028, -pes o activi eef steers generally steady -4 4%s Wl';:";;'lg“v,%“- < e R 101%ito 15 cents higher; better grades 118y | s orrls & C 1081¢ | showing most advance; top matured | I 78 1 steers. 9.85; some held higher: few ;2’* ARMOUR T0 REDEEM 1002 | head long yearlings, ggh?;.zn',ffl + GOLD NOTE ISSUES loads matured steer: 18% lings, 8.00a9.25; By the Assoclated Pres Great Nor Oro. Gt West Su pf.. | Greene-Cananea i Guantanamo Su. Guif Mo & Nor. . Gulf Mo & Norpf | Gulf St Steel.... Harbishaw Cab. | Hartman Corp Hayes Wheel. Hendee Mfg. Houston Oil. Hudson Motors. Hupp Motors. . Hydraulic Steel. Iliinois Central. Inspiration Interboro Met. Interborough pf }InAgaChemical In Ag Chem pf.. Int Cement..... InCombustion E Int & Grt North. Int Harvester. . Int Mer Marine. I. C. C. Orders Payment Made to Wheeling & Lake Erie R. R. Closing accounts between the Wheellng and Lake Erie railroad and the government incident to the guar- #ntee of earnings given carriers for six months of 1920, the [1Interstate Commerce Commission today authoriz- ed a payment of $86G,403° from the Treasury to that raliroad. The order today brought the totl of guarantee payments to the Wheeling and Lake Erie to $1,821,403. — NEW YORK EGG PRICES. NEW YORK, February 23.—Eggs— Unsettled; receipts, 23.061 cases. Fresh athered, extra firsts, 39a40; do., firsts, §6%kass; New Jersey hennery whites, locally 'candled extras, 47a48; do.. uncandled extras, 47a49; state, near- by and_nearby western hennery whites, firsts to extras, 41a4b; state and nearby hennery browns, extras. 43a45; Pacific coast whites, extras, 43 a44; do,, firsts to extra firsts, 41242%; refrigerator seconds, 33ad4.. . 38 106 30% 1 59% 92 523{?.‘“L.m Bell 7s 1925, e Standard Oil of Calif. 7s 1031.. 1% Tidewater O 6%x 1931 - 93 41% 21% 74 London, pound. Montreal, dollar. Parls, franc. Brussels, fran Berlin, mark Rowe.,’ lira Athens, Mudrid, Yienna, Budapest, Prague, crown Warsaw, mark... Copenhagen, crown. Christiania,” crown. Stockbolm, ‘crown. ey The nice thing about being a man is you don’'t have to kiss somebody thit needs a shave—Nashville Ten- nessean. beef steers and y 2, she stock, bulls, stockers and fecders 3 enerally’ steady; medium grades o = = n Fight and heavy vealers, 25 to 50 cents 1014] CHICAGO, February 23.— Armour 108 lower: good to cholce ‘vealers ‘about 18% & Co. (of Nllinois) today announced st steady early; Bulk. desirable veal 29 |that it would redeem at par and ac- FOREIGN EXCHANGE. oalves, ety IEMEIR00; Iow Swwar b2u Vebruary 23, 19231145 a,m o1 13.60: bullc. chunery anc outiers 4 | crued Interest on June 15 next all of | . jons turaished by W. B. Hibbs & Co.) | 3-2584.25; bulk desirable bologna bulls 12% | its 6 per cent serial gold debentures Nominal * Belling checks | around 5.00. T 2 40 | dated June 25, 1918, and in addition, on e - D D L s Willys-Overid. . T 7% |April 26 next would redcem at par B 0 fAnty higher: early top, 1635 to {il's-Overldpf 51% 51% 5214 |and accrued Interest and’ at a pre- 10 cents higher; early top, 16,25 to Wisconsip Cent. 32 32 35%|mium of 5 per cent on the principal packersiy Ul e ey Woolworth. ... 215 215¢ 216 - |1ta tetcysar iy _par jookt cenertivle Veariings, 12.00; eheep. strong o 25 USRubber..... 60% Votatit Aaro- T e ot M ENTTE: eores rally sieedy: cesee Wright Aero. ... —_———— Soras, 5.00a8.25; 3 H = UERUE L 1% *0dd lot. Low. tast, | BAR SILVER QUOTATIONS. Shoice 62-pound feeding iambs. 15.25. 94% 94% | USSmelt& Rpf. 45% Call Money. 5% 6% | JONDON, February 23.—Bar silver, 10 10% | U S Steel. . . 107% 31 pence per ounce; money, 1% per 41 41%| U SSteel pf.... 120% HOURLY SALES OF STOCKS. |cent. Discount rates: Short bills, 2% 15% 15% | atah Copper. .. 70 11 am..... 315600 12m .528100 | . 712 “per ‘cent; three-month bills, 2%a 58% b4 . UtaliSceurities. 2zl 1pm. ... 675600 2p.n. 824300 % 7-16 per cent. . 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