Evening Star Newspaper, February 26, 1923, Page 24

r o4 » TAKING OF PROFTIS SLOWS UP STOCKS Indications of Liquidation in Many Directions Gives Mar- ket Uncertain Tone. BY STUART P. Special Dispatch to The Star. . VEW YORK, February 26.—The way the market looked today to many good judges was that United States Steel common and a half dozen or o of the rails were bid up in the early trading in order to facilitate distrib- ution of stocks in other directions and that later on this selling began to show. It was good tactics to bring steel common forward as a leader because the backwardness of this stock and the fact that it had gained very little ground since the first of the year had been a subject of unfavorable com- ment. " The resumption of buying in some of the railway shares was again in- spired by the prospect that the Janu- ary earnings statement which will now be coming out will make the same sort of favorable showing that way made in Deceml Rallrond ¥ 1t aid ¥ that Baltimore and would show earnings at the rate of 13 per cent on the com- mon stock, and this report caused a brief upturn in Baltimore and Ohio shares. Atluntic Coast Line was the majority” owner of Louisville and Nashville, and the principal beneficl- ary from the prospective stock divi- dend had another upward whirl. But these gains werce very son canceled. In the meantime the general market was quite unresponsive to the strength in these particular stocks. Selling went on quictly and pers ently in the eguipments, motors coppers ars and other lead- While the ftself whether nt had been at prices had 5 unil poin with WEST. tor the upward th away 2 and lnsses w shown as compared the recent highs. Review and Outlook. Interest in the financial situation today centered upon New York stock market and its turther reaction to the advance in federal o dis- count rates. It scen that Wall street’s first professions of indifference were a %ood deal put on There had been no s stock on Friday morning was known, but it wi realized 1t an element of warnin was contained in the action of the banking authorities and this brought about a suspen: speculative op- erations for the rise. Through Fri- £ and Saturd; the market had gred without much apparent change. But this mor g as it be- gan to dawn upon the speculative com- munity that the main upward move- ment had been checked stocks came out more freely. A significant feature was again the market's failure to respond to favor- able trade news. Another increase came today in gasoline prices in the east- ern territory, while the copper metal became firmly established on the 168:-cent level. At the same time a new high price for the scason was reached in the zine market Yet all this was quite ignored by the oil, copper and zine stocks. Selling Spreads to Wheat. The stock exchange was not the enly quarter upon which a halt upon speculative actlvity appeared to have been called. The same sort of check showed in the wheat market and in sterling exchange. Although the recent advance in sterling above $4.72 had a solld enough background, it ‘was accompanfed. as all exchange fluctuations have been in the last four years, by extensive speculation. What the decline in the rate today bringing it down 3 cents in the pound from the high, really indicated was nothing more than the customary drawing down of profits which had accrued on speculative transactions. The continental exchanges did not move with sterling. Francs were slightly higher and marks about un- changed. In other words there was nothing in price movements of the day to indicate any change of feeling in financial circles regarding the sit- uation in the Ruhr. Nothing hap- pened either in the money market to suggest any further developments of importance there. Raills Shares Also Weaken. At the low points of the day stocks were down to three points in many instances from their recent highs. The attempt to arouse greater inter- the railway division didn't res after the ne: da dr lost all, and, in some ore than their forenoon gains, in the latter part of the day. On the other hand it could not have been sald that there was any important weakness, no urgent desire to unload, which of- ten occurs after the culmination of a prolonged advance. All that happened was a rather defi- nite check upon a speculative cam- palgn, which had been proceeding too fast and appeared in danger of getting out of bounds. In the final hour there was a general recovery, accompanied by some moderate efforts to advance a few of the industrial specialties. (Copyright, 1023.) FORD PLANS 0 BUILD -~ §6,000,000 RAILROAD Auto King Would Connect St. Paul With Head of Lake Region. ' Special Dispatch to The Star. ST. PAUL, February 26—Henry Ford has made tentative plans for the construction of a $6.000,000 rail- road between the twin cities and the head of the lakes for use specially as a freight outlet. it is authoritatively announced today. The board of regents of the Uni sity of Minne- mota have voted to accept Ford offer of & hydro electric laboratory if the foderal government grants his application for use of power from the Mississippi river here. FINANCIAL NOTES. ‘With the number of loaded freight cars handled this year to date run- ning about 25 per cent greater than same period in 1922, January earnings statement of Pennsylvania rallroad will show substantial increase over preceding year. Iron and steel exports in December showed increase of 18 per cent over November, says the Department of Commerce. Volume of foreign ship- ments in December 151,474 tons and annual total 2,011,276 tons. Central Leather Company year end- ®d December 31 last shows surpius after charges of $1,628,209, against & loss of $11,651,426 in the previous ar. ’aul.l‘shul Field Company's weekly Yeport says current wholesale distri- FINANCIAL. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Ofice For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Adv Rumley Adv Rumley pf. Afr Reduction Ajax Rubber. All Am Cable. 10: Allled Chemical. Allled Chem p! Allis Chalmer. Am Agr Chem AmAgrChempf. Am Bank Note. . Am Beet Sugar. Am Beet Sg pt Am Bosch. Am Car & Fdy Am Chicle Co. Am Cotton Oil P Am Druggist. Am Express Am Hide&Leath AmHide&Lea pt Am Ice. . Am Linseed pf. . Am Locomotive. Am Metal pf. Am Radlator. Am Roll Mill pf. Am Safe Razor. . Am Ship & Com. Am Smelting. Am Smelting pf. Am Steel Fdy... Am Steel Fdy pt Am Sugar. . Am Sugar pf Am Sumatra_ .. Am Tel & Cabls. Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B) Am Tobac pf (n) Am Water Wks. AmW Wk 6% pt Am Woolen. . Anaconda. . Ann Arbor 3 Assets Realizn. . As30 Dry Goods. Ass0DryG st pf Asso DryG 2d pf Assoclated Oil Atchison. . Atchison pt. Atlan Bir & Atl. Atlan Cst Line. . Atl Fruitctfs. ... Atlantlc Gulf. Atlas Tack Austin Nicl Auto Sales. . Baldwin Loco. Baldwin Loca pf Balto & Ohio. ... Balto & Ohio pf. *Bank of Com. . Barnesdall (A). Batopilas Mining Bayuk Bros. ... Beachnut Pack. Beth Steel (B).. Beth Stl 7% (n) . Beth Steel 8% pf Bkiyn Edison. .. Brooklyn Ed rts.. Bklyn Rap Tran BKlyn R Trctfs. Brown Shoe Burns Bros (A). Burns Bros (B) . Butte Copper. .. Butte&Suverior Butterick Caddo Oil California Pack. f Petrol..... Calif Petrol pf.. Callahan Zine. . Calumet & Ariz. Canad’'n Pacifi Case (JD pf.... Central Leather. Central Leath pt Cerro de Pasco. . Chandler Motor. Chesap & Ohio. . Ches & Optwi. Chl & Alton..... Chi& Alton Chi & EastIll. .. Chi & East 1il pt Chi Great West. Chi Great W pf. Chi Mil & St P.. ChiMil&StPpt. Ch{ & Northwn. Chi & Nwn pf... Chi Pheu Tool. . Chi R I & Pacific Chi R I&P 6% pt ChiRI & P7%Dpf Chile Copper-. ... Chino-Copper. .. CCC &St Louls Cluett Peabody . Coca-Cola. . Cocoa-Cola pf P { Com Solvents A. Com Solvents B. Comp Tabulator Cons Clgar Consol Gas new. Cons Textile Cont Can.. Cont Can pf. . Corn Products. . Corn Prod pf.... Continental Mot Cosden & Co.... Cosden pf...... Crucible Steel Cuban-Am Sug. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'ican. Cuban Dom pf. Davidson Chem. De Beers. . . Deere Co pf. Del & Hudson. .. Detroit Edison... Dome Mines DuSS&Atlan.. Dupont (E1). Dupont deb. . Eastman Kodak Eleo Stor Bat... Elk Horn Coal.. Emerson-Brant. Emerson-Brt pf. Endicott-John. . Endicott-Jno pf. Erie. Erie 1st p! Exchange Buff.. FamousPlayers. Famous Play pf. Fairbanks Co. .. Fd Mines & Spf. FifthAvBusw {. Fisher Body.... Fisher B of O pt Fisk Rubber.... Fleishman. . Freeport Texas. Gen Asphalt.... Gen Baking. Gen Ci, Gen s Gen Elec spl w 1. Gen Motors. Gen Mot 6% Gimbel Bros Gimbel Bros pt. Goodricn. . Goodrich ptf. Goody'r pr pf wi. Gt Northern pf.. Great Nor Ore.. Gt West Su pf.. Greene-Cananea Guantanamo Su. Gulf Mo & Nor. . Gulf Mo & Norpf ‘bution of dry goods larger than same | Hay Wweek last year. PARIS MARKET UNSTEADY. PARIS, February 26—Prices moved frregularly on the bourse today; 3 Yer cent rentes, 58 francs 85 centimes; exchange on London, 77 francs 13 gentimes; © per cent loan, 74 francs e dotiar uoted at 16 f ollar was quoted a rancs @ntimen, ot i sk ‘Hupp Motors. Hydraullo Steel. Tliinots Central. 111 Central pf. Indiahoma Inspiration. Interboro Met. . Interborough pt 3 1 Low. 17 49 62 13% 103% Y 76% 110% 125 121 51% 115 824% 9% 1 62 100% 374 1045 804G 108% 30 58 122 155 1534 104 110% 17% 50% 20 1 73% 883 9% 124% 10815 135% 114 b2 6015 298 30 u 55% 63 654 954 4 109% 113% 7 87 8 18 8% Close. 17 49 62 13% 103% 77 110% 125% 121 83 9% 8% 1% 63 100% 3% 104% 80% 108% 3 58 123 156% 154 104 110% 17% 50% 20 1 5% 88% 93 125 10314 90 2 13674 114 53 60 298 30 % 56~ 63 66 931y 10914 | 2 113% 7 9y 8 18% 813 149% 147% 148Y% 9 79 6% 5% 16% 117% 79 35% 7313 47 71 74 104% 3% 5% 108% 109% 133% 121% 9% 106 1% 104% 3% 5% 35% 57 6% 135 24% 42% 853 118 881 857 841 921 29% 287 79 70 4% 93% 29 108% 2%y 45 26% Interbor Rap Tr. 1n AgaChemical IntCement..... InCombustion B Int & Grt North. Intl Paper (sta). Int Shy Invincible Ofl Iron Products Island o1l Jewel Tea. . Jewel Tea pf, Jones Tea. . Jones & L'ghl pt Kansas & Gulf. . Kansas City Sou Kayser (Jullus). Kelly-Spr Tire. . Kelsey Wheel Kennecott...... Keystone Tire Lee T & Rubber. Lehigh Valley. . Liggett & Myers. Lig & Myers pf. Lima Locomo. .. Loews Inc. Loft Inc. e Loose-Wiles 1st Lorillard (P). Louls & Nash... Mack Truck: Mack Truck 1st ackay Cos % 68% 684 68% 17 17 17 % 17% 18% 174 b52% B0% 624 % % 22 23% 8 28% Macy Co pf. Magma Copper. Mallison & Co.. Manati Sugar pf Manhat El Sup. . Manhattan Ects Manhattan Shirt Market St Ry. .. Marland O1l. Martin-Parry Marlin-Rockw Mathison Alkill. Maxwell (A). Dept Stores 75 v Dpt Stor pf 117 Mgintyre Porcu. 18% Met Edison pf.. 97 Mex Seaboard Mex Sbd ctfs Miami Copper. Middle St O1l. Midvale Steel. .. Minn & StL (n). Min St P&S S M. M St P & SSM pf Mo, K& T wi... Mo. K& T pf wi. Mo Pacific. . Mo Pacific p: Montgom'y W'rd Moon Motors. Mother Lode Nash Motors Natl Acme 17% 16% 29% 118 29% 8% 6713 901 90% 1% 46% 23% 22% 12% 103 v Natl Biscuit pf. . t1 Conduit. .. tl Cloak&S pf N Or Tex & Mex. N Y Air Brake. . N Y Air Brk (A) N Y Central.... NY NH & Hartfd. NY O & Western Norfolk & West. North American North Amer pf. . North Pactfic. .. Oklahoma Prod. Orpheum Circuit Otis Elevator. .. Otis Steel. ... Otis Steel pf.... Owens Bottle.... Pacific Develop. Pacific Gas & E1 PacificOll...... Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Parrish & Bing. Pennsylvania. .. Penn Seabd Stl. People's Gas. . ... Pere Marquette. Pere Marq pf. .. Philadelphia Co. Phillips Pete. .. Pierce-Arrow. .. Plerce-Arrow rts Plerce Ofl... Piggly-Wigsgly- Pitts Coal. Pitts & W Pitts & W Va pf. Porto Rico Tob. Postum Cereal .. Pressed St Car. Producers& Ref. Prod & Refpf... Pub Servof NJ. Pullman Co. Punta Alegre. PureOfl........ Pure O11 8% pf.. Railway Stl Spr. 115 Ray Con Copper. % | Reading. .- . 109% 184% 121% 9% 58 108 78% 33% 17% 57 10% ba% 3134 25% 72 118 % 110% 115 12% 19% Fh e 86% 9634 11% 52 7% 185 100% 156% 19 185% 11% 40% 3 118% 88 115 1244 19% 29 87% 965 11% 63 % 187 100% 5t % | Stew't-Warner. 185% 11% 15 83% 47 99% 1% 6% 86% Reading 1st pf, . Remington. y C Rey Tob D Royal Dutch.... Rutland Ry p! (1 7% 58 57% 8 118 118 52% b52% b61% St Joseph Lead.. St L & San Sran: St L & San Sr pf. St L Southwn... St L Southwn pf. San Cecllia Sug. Savage Arms... Seaboard Alr L. Seaboard A L pf Sears Roebuck. . Sears Roebk p Shattuck-Ariz.. Shell Union. Shell Union pf Simms Petrol. ... Simmons. Sinclair Oll. Sinclair pt. Skelly Ofl. Sloss-Sheffield. . So Porto Sugar.. South Pacific. Southern Rwy. . Southern Ry pf. Spicer Mfg Co... Spicer Mfg p % | St o1l of Calif. StOilofNJw St Ollof N J pi Sterling Prod. 61% Steel & Tube pf. 102 94% Stromberg Carb. 80% Studebaker..... 120 Bubmarine Boat. 10% Superior Oll.... 6% SweetsCoofAm. 2% Tenn Copper.... 12% Texas Company. ‘Tex Gt Sulphur. Texas & Pacific. Tex & P C&Oil, Third Avenue... 17% 17% Tide Water Oil.. 188 138% Timken Bearing 89 389 ‘Tobacco Prod. b66% 56% Tobacco Prod 83% 83% Trans Contl Ofl. 11% 11% Twin CR Tran., 60% 604 Union Pacific... 148% 144% Union Pacificpf. 76% T76% Union Tank Car. 87% 88 Un Alloy Steel 85% 1 6% 2% 12% 50% y Invpf... 41 Unit Retall Strs. 'I:!‘: U S Food Prod.. U S Indus Alcq. . U S Realty. 96 97K 96 96% U 8 Realty pf... 104K 104% 104 104 UBRUDDOrwary 60 604 6834 94% | va-Cr Chemical. JTHE EVENING STAR, WASHINGTON, D. C., MONDXY, FEBRUARY 26, '923. WEAKNESS SHOWN | [z ~or= BONDS s e Received by Frivate Wire Direct te The Star Office, For Revised Close of Bond Market see 5:30 Edition of The Evening Star. WHOLESALE MARKET. IN BOND MARKET Rediscount Rate and Béd Foreign News Causes of Liquidation. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 26.—Unfa- vorable forelgn news, combined with more time for reflection as to the sig- nificance of the advance in the dis- count rate by the New York and Bos- ton Federal Reserve banks, resulted in o generally weak bond market to- day. If there had been any pressure to sell the probabllities are it would have been still weaker. As it was % |there was llquidation where liquida tion was still profitable to the holders; and where it was not, a waiting atti- ture was adopted. The uncertainty exhibited by stock speculators was not helpful to the in- vestment market. Speculation in commodities was another disturbing factor. Libertys Hold Steady. United States government bonds were an apparent exception, quota- tions for libertys being steady, but there had been a substantial reac- tion on Friday and Saturday. All grades suffered alike in’today" reaction. Strong investment issues such as Canadian Pacific debenture 4s, Atchison general 4s and lilinois |y, Central refunding 4s declined frac- tlonally. Speculative issues such as New Haven 6s, Seaboard Air Line 6s d adjustment 58 and Missourl, Kan- sas and Texas adjustments lost ground. Middle grade bonds, such as Mid vale Steel 5s, Baltimore and Ohlo b and Chicago and Eastern Illinols b: acted the same way. New York, On- tario and Western refunding 4s mad 2 new low for the y but here th: influence doubtless was expectations of an unfavorable earnings state- ment. Early Strong Spots. There were a few strong spots early in the day. Chile Copper 68 made a new high at 103. Sinclair Ofl 548 gained more than a point and Niagara Falls Power 5s sold at par. AUTOMEBLE BULDING BEATV AL RECORDS . Latest Reports Show More Cars Are Being Constructed Than Ever Before. By the Associated Prees. NEW YORK, February car loadings and they are still well above the totals of last year and domestic conditions generally continue favorable. The weekly mercantile reviews report a further expansion of wholesale trade and business; steel production con- tinues around 90 per cent of capacity, despite higher prices; more automo- biles are being manufactured than ever before and there has been little cessation in the unusually heavy bullding activity for this period of the yea: -— FISK RUBBER REPORT. Company Shows Increase in Sales Over Last Year. NEW YORK, February 26.—The annual report of the Fisk Rubber Company for the vear ending Decem- ber 31, 1922, showed a net profit of $1,655.075 after deducting all charges, including interest and depreciation, Gross sales for the year totaled $45.462,441, an increase of more th as compared with $1,873,417 at the close of 1921. WILL CLOSE EXCHANGE. LIVERPOOL, February 26.—The cotton exchange here will be closed on March 30 and April 2, Easter holi- days. Beginning September 1. the exchange here will be open on Satur- days. LIVERPOOL COTTON. LIVERPOOL, February 26.—Cotton —Spot_quiet; prices steady: Ameri- can middling, fair, 17.07; good mid- dling. 16.52; fully middling, 16.37 middiing, 16.27; low middling, 16.02 good ordinary, '15.52; ordinary, 15.22 sales, 6,000 bales, including 4,000 American; receipts, 27,000 bales, in- cluding 25,700 American. Futures olosed steady; February, 15.90; March, 15.90; May, 15.78; July, 15.52; Octo- ber, 14.06; December, 13.65; January, 13.54. R — POTATO MARKET. CHICAGO, February 26.—Potatoes weak; receipts, 88 cars; total United States shipments, 78 Wisconsin sacked round whites, 1.00a1.05 cwt.; poorer, 85a1.00 cwt.; Wisconsin bulk round whites, 1.00a1.15 cwt. sota sacked Red River Ohios, 1.05a 1 cwt.; sacked sandlands, 90 cwt.; Ildaho sacked russets, branded, 1.90 cwt.; Michigan bulk round whites, 1.00 cwt. GAS CONSUMPTION JUMPS. PHILADELPHIA, February 26 (Spe- cial).—Lack of anthracite coal has increased the use of gas in this city. On one day this month consumption was 73,287,000 cubic feet, the largest in_the history of the plant. Gas is sold here for $1 per thousand cubic feet, of which the company receives 75 cents and the city 25 cents as rental of the plant. — USRub 1st pf.. 103% 103% 103 103 88% 389% 39 39 107% 108% 1074 20% 122 120% 70 681 21% 21% 40% 56% 9% 24% 67% 63 17% 10 29% Minne- Vanadiufh Corp. Van Raalte. 'V Raalte 1st pf. Va-Car Chem pt ValrCoal&C Vivadou. ‘Wabash. .o ‘Wabash pf (A). (Sales are in §1,000.) UNITED STATES BONDS. Sales. High. Low, OClose. Lib3ys. 165 101 50 10132 10182 =71 9830 9818 9820 822 9810 9802 9802 849 9860 9B 44 46 54§ 9828 9816 9820 181 100 08 100 02 100 02 277 9998 9982 9982 FOREIGN. Bales. High, Low. Oloss. 13 102 101% 102 99 99 Bordeaux 6s...... Braszil 7 12 103% 18 100% Canada 58 1952. Chile 85 1946. ... Chile 85 1921 Ch:la 88 1941 b o Christiania 8s Copenhagen 5 Cubab%swi. Czechoslovakli Denmark 8 Haitl 6sctfs 5 Holland-Am s f 65. Japanese 1st 414s. Japanese 2d 4%a. . Marseilles Mexico 5s. Mexico 4s. Montevideo Norway 6s ctfs. ... 1 Paris-Ly's-Med 65 Prague 7% Queensland 7s. Queensland 6s. ... Rio de Jan 8s 1946. Rio de Jan 85 1947. Sao Paulo, City, 8s. Sao Paulo,State, 8s Seine, Dept of, .1 SerbsCrotsSlov 8s. Ud King'm 5%s ‘37 49 104% 6 105% 105 6112 112 MISCELLANEOUS. 98% 984 Uruguay 8s. Zurich 8s Ajax Rubber 8. 4 Am Agr Chem 7%s 8 Am Cotton Of1 55.. 7 AmSmelt&R 15t 55. 26 Am Sugar Ref 6s.. 20 AmT&Tcvés.... 3 AmT&Tcltrbs.. 18 AmT& Tcltrds.. 44 Anacon cvd 7s wi. 207 Anacon 1st 6s w 1. 137 Armour & Co 4%s. Atlantic Refin 5s. . Baragua Sug 7'3s. Bell Tele Pa 7 Bell Tele Pa5sr¢ Bethleh'm Stl rf 58 Beth'm Stl p m 5s. Beth'm Stlsf és Brier H St 1st 5%8. Bklyn Edfson 7s D. Bklyn Ed gen 5s. . Bush T Bldg 5s'60. Central Leather 53 Cerro de Pasco 8s. Chile Copper 6s..... Chile Copper 7s. .. Comp-Tab-Rec 6s. Con Coal Md 1st 53 Cub Cane Scvd 8s. Det Edison ret 6s. . Du Pontde N T%s. Duquesne Lt 71 Duquesne Light 6s F Cuba Sug 7%s Emplre F&G T%! Fisk Rubber 8s. Gen Elec deb5s. .. Gen Refract’ Goodr'h (BF) i Goodyear Tr 88 '31. Goodyear Tr 85 '41. Humble O&R 5%s. Indiana Steel 53 Int Mer Marine 6s. Int Paper st 58 B. Lackaw'a S5s'50.. Liggett & Myers 7s Magma Cop cv 7s. . Manati Sug sf 7%s { Mexican Petrol 8s. Mich St Tel 1st 5; Midvale Steel 5s. Montana Power Morris&Co1st4%s. Nat Tube 1st b New Eng Tel 5s. NY Edison 1st 6%s NYGELH&Pbs. N Y Tel 65°41. N Y Tel 4%s. N Am Edison €s. N States Pow bs. .. Northwst B Tel s. Otis Steel 8 Pacific Gas & E1 53 PacT & T bs'52. Packard Motor 8s. PhilaCoref6sA.. Producers & Rf 8s. Producrs & R 8s w. Public Service b Punta Alegre 7s Sinclair Oil 7s. T EIPTR Y =14 144 ab a Bew aBEmaaRotee Vi 3 rn Denmark 61 Dutch East I 68'47 Dutch East I 65 '62 FramericunID 7% French Govt 2l French Govt 7%4a. s - = e BRNATDENE N~ et TS 1= 107% 100% o South Bell Tel bs. . St Oll of Calif 7s. Steel & Tube 7s. aRuanane Utah Pow & Lit bs. Va-Car Chem 7s. e AOReaRS Wickwire Spen ‘Wilson & Co 1st Wilson&C ov 1% 1 Wilson & Cocv 6s. 11 ~95% Winch'tr Ams 7%s 4 101% 101 REMAINS A MYSTERY. ® ¥rom the Philadelphia Public Ledger. Dorothy Arnpld’s father has left an estate of mearly a million dollars. Half of it passes to his widow and the remainder 18 to be divided among his two sons and a married daughter, Arnold was an {mporter of perfume. newspapers. It is one of the great unsolved mysteries. Detectives hired by the Arnold fam- iy traced the movements of the beau- tiful girl to her purchase of candy in & drug store on 5th avenue near 58th strest and her passing out through 9% |the door Into the crowd of shoppers. Here she dropped from view as com- % | pletely as if the sidewalks had opened and swallowed her. Later her brace- = let and rings were discovered pawned ‘WisconsinCent. ‘Woolworth..... ‘Worthington.... 85 8 8 35 18% 218% 213% 213% 36% 36% 36% 35% *0dd lot. High. Low. Last. Call Money..... 5% 4% 4% HOURLY SALES OF IYOGK:.’ 1lam..... 277800 12m. 711300 3 P.Meseam in Philadelphia, but at that point the Arn:‘l'd family strangely called off the ue 1 Siyatery ponderers are about equal- ly sundered between those who think she died in some hospital and those who surmise that she is still altv ———n Mr. Golfer—Sorry 1 did not give you a better game. The fact is, I had ra- ther a bad headache. 100] Mr. Ditto—I have never yet beat a man who in perfeot healths than a dec: ago the disa ;‘efll.rr.:lnc: of Dorothy Arnold weeks filled the first pages of the RAILROADS. ‘Sales. High, Low, Close. Atchlson gen ds... 17 88% 88% Atchison adjds.... 2 80% 804 80% AtlanticCL 1st ds. 21 87% 874 874 1 82! fi: I3 8% e5% 6 6% 76% ‘21,0 47 BKIRT 7s '21 ctts, 41 93% Buft R&Pitts dls. 5 90k Canadian North 7s. 7 114% 114% 114% 112% 112% l_l,ga 98% 86% . 16 45°26.. 10 ChiM&S P cv 4148, 56 Chl M&St P 4s’34.. 14 CM&StPgn4is. Chi & NW 6145 ChiRysbs.... ChiRT& Pac Chi Un Sta 43 Chi & W Ind cn 4s. CCC&StLrtésA.. Cleve Term 5%s Cuba R R 6s. 79% 66% 73 81% 0! - aNen - @®ore Del & Hudson 5%s. Den&Rio G con 4s. D&RGlstrtbs.. Det United 4 Erle 1st con 4 Erfe gen {s. . - 82% 6% 47 b51% 104% 114% 108% 100% 84 81% 63 - Gr Trunk st deb 6s, Grand Trunk 7s. Gr North gen7s. .. Gr North gen 5%a. " © 92% 4T% 86% 6% 87% 8% 80% 944 9. lv‘ 102 8% 90 104 63 1% 86 37% 39 103 8% 81 95% 60% AN NONNTORONRN DA - - saoan Kan City Term 4s. Lake Shore 4528 . 14 Lake Shore 4s '31.. Manhat Ry cn 4s Market St cn 5i Mo Pacificgn 4s... 60% Montreal Tm 1st 58 3 ggh 96% 1% 68% 42% 7 70 9914 921 9% 100% 91% 109% 108% 96% 28 83% 63% 8 80% 85 67% 8214 65 1 Ore-Wash 1st rf 48 Pennsyl gen 5s 100% 9k 109% 108% 963 28 83% % | Seab'd A L con 6s.. Sou Pacific cv 4 Sou Pacific ref 7 68% 68% 101% 101% 5 9% 9% 614 60% Sou Ry Moblle 4s.. ‘Third Ave ref 4 ird A Union Pac st 4s. .. Unlon Pac 1st rf 48 Union Pac cv 4s. ... Unfon Pac cv 6 Virginia Ry 1st bs. Va Ry & P 1st bs ‘Wabash 1st 6s. ‘Western Md 4s. . Western Pacific 5s. Wisconsin Cent 4s. 2 6% TOTAL SALES (Par Value): 11a.m.. 3504000 12 noon 6104000 1pm. 7780000 2pm. 9804000 —— NAGASAKT BEAUTIFUL. Japanese City by the Sea Full of Interest and Memories. Rev. Willlam Carter, {o *Japan.’ At Nagasakl you are to get your last glimpse of Japan until your homeward trip but the last glimpse is even better than the first. Nagasaki is certainly beautiful for situation. It rises from the sea like Aphrodite in her beauty and seems to have been born of the sea In the same way. Nagasaki will be interesting to the artist, the historian and the church- man allke, while the average tourist will be interested in its shops and its mother of pearl and tortoise shell work which the chlef industries here for tourist use. It was through Nagasaki that the first foreigners entered Japan in 16550. From 1641 to 1358 it was the only place in Japan where the Dutch and Chinese—to the exclusion of all other foreigners—were allowed to remain, Here they were confined to the little island of Deshima then only 600 feet long by 240 broad and only six feet above high tide. It was here that the Shogun’'s famous or imfamous decree of 1630, was promulgated, after h beheaded most of Portuguese missionaries from cluded all but the Dutch and ‘The edict which the Shogun nt back by the few missionaries he jpared and which so shocked the wonld, read thus: “Henceforth, any one who puts his foot on Japanese soil, be he the king of Portugal or even the God of the Christians, shall be put to death.” On one of the other Islands stands “Hijirl-Yama” or “Saints Hill,” whe: scéres of Christians were burned at thi ke, beheaded and even cruci- fled, showing that their enemies kne: the Christian method of martyrdom. —_—_— “Your advertisement describes this as all wool. It is nearly all cotton.” “Yes, that's the worst of the news- [t b, 4 7734 | ens, ver 1be 33045, wonis, ; fowls, eac! had | up. embassy of hy FINANCTAT. Grain, Produce and Live Stock Eggs—Strictly fresh, selected can- dled, per dozen, 40; average receipts, southern, 38. CoM storage eggs, 27. ve poultry—] ;. 95 e, ry- Rool!trl,.ppr::‘ll;hx;k- young, each, Poultry—Fresh-killed spring Der 1b. 35a38; hens, per I per 1 0a80. Live stock—Calve 14; medium, per 1 1b., 6a9. Lambs, uv-’mx’. 3.00a8. D 3a13%; thin, pe; cholce, per 1b., 1 00 each; live hog: n_fruits—Apples, per bbl, 1.76 87.00; Delicious, No. 1, per bbl., 6.00a 7.5 California oranges, per crate, 5.006.00; 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, 1.5022.00; per sack, 2.00a2.10; No. 2, 50a1.00." Eweet potatos North Carolina, 7621.50; nearby, 2.50a3.00. ttuce, ' per crate, southern, 1.00a : Romaine lettuce, per crate, 1.50a ; Iceburg lettuce, ‘per crate, 4.00a Cabbage, northern, 2.50a3.00 per nearby cabbage, per bbl : southern, 2.00a2.50 per ba: Eggplants, per crate, 2.50a5.00. Tomatoes, per box, Florida, 2.50a5.00 0a4.00 per basket. Peas, D basket. Peppers, per Florida, 260a3.60. Kale, per 2.502.75. “Spipach, per barrel, o gfl. CethY. crate, g?'h;g‘fl-s. 2-50hi .50. Brussels sprouts, 25a36. Squash, 2.5023.00. P c crate, barrel, 3.00a GRAIN AND PROVISIOY BALTIMORE, February 26 (Spe- clal) —Potatoes, white, 100 pounds, 50 al35; 150 pounds, 90a2.25; sweets, 1.25a2.0 : ushel, 50a75. R 5 Beets, hundred, 5.00 .’ Brussels sprouts, quart, 25a30. Cabbage, hamper, 2.25a3.50. Savoy, bushel, 1.00a1.25. ' Carrots. basket, 50 a60. Cauliflower, crate, 2.00a2.50. Cel- ery. crate, 1.75a3.00. Cucumbers, crate, 5.00a8.00. ' Eggplant, crate, 4.0026.50 Horseradish, bushel, 3.00a4.00, Kale, barrel, 2.00a2.25. Lattuce, basket, 1.50 2.50. ° Onlons, 100 pounds, 1.26a2.75. Oyster plants, 6.00a8.00. = Parsnips, bushel, 140a1.50. Peas, bushel, 3.00 24.00. Peppers, crate, 2.50a4.00. Rad- ishes, basket, 60a2.00. Spinach, bushel, 1.00ai. Squash, basket, 3.00a4.00 Tomatoes, crate, 2.00a4.30. Turnips, basket, 46a50. Apples—packed, barrel, .00: bushel, 50a1.25; lgose, 100 pounds, 1.50 a2.00; ' basket. b0a75. Cranberries, barrel, 8.00a12.00. Grapefruit. box. 2502850 Oranges, box, 5. Strawberries, quart, 30a50. ines, half strap, 2.50a4.00. Selling Prices at 12:30. Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot, 133%, nominal; No. 3 red winter, spot, no quotations; No. 2 red winter, gar- licky, 1333, nominal; No. 3 red winter, garlicky, no quotations; February, 1333, nomina Sales—None. Corn—Cob corn, new, 4.60 per barrel; contract, spot, 83% per bushel: No. & corn, spot, 8{: No. 4, no quotations: track corn, veilow, No. 3 or better, 90 and 91 per bushel. Sales—None. Oats—White, No. bushel; No. 3.’ G4abé1;. Rye—Nearby, 85a% per bushel; No. 2 western export, spot, 96% per bushel; No. 3, no quotations. Hay—Recelpts, 22 tons: for the better descriptions of timothy and light there was & fair demand under limited re- ceipts at a range of 16.00 to 20.00 Deét‘orh = raw—No. 1 tangled No. 1 wheat, 11.06a12.00 nominal, 12.00a13.00 DAIRY PRODUCTS BALTIMORE, February 26 (special). —Live poultry—Turkeys, pound, 25a poor and crooked| Young chickens, 30: poor stags and Leghorns, 22a26; old hens, 24a26; small and Leghorns, 2%a 23; old roosters, 15. Ducks, 27a30; small and poor, 23a Geese, 19a25; rough and poor, 17a Pigeons, pair, 30a35. Guinea fowl, each, 40a60. Dressed poultry— Turkeys, pound, 30a35; old toms, 25a 28; poor and ‘crooked breasts, 20. Young chickens, 28a30; old and mixe: 25a28. Old roosters, 16a17. Ducks, 32. Geese, 20a26. Capons, poun medium, 34a35. Small slips, 30a: ggS loss of—Native and nearby firsts, dozen, 40; southern, 38. Butter—Creamery, fancy, pound, 52a53; prints, Nearby cream- ery, ‘s‘;“" LAkdlsu.aassu% (Holls, 352 ore-packed, 35. al rints, 36a38. Process butter, (2.43‘?’ 4 TODAY’S CHICAGO PRICES. CHICAGO, February 26.—Liberal selling of May delivery had a bearish effect on the whole wheat market to- day during the early dealings. Houses with eastern connections vere the chief sellers. Bears emphasized the view that there was a superabundance of supplies with Argentina, Australia and Indlana competing for the world's markets. The opening, which ranged from 13 to 1 lower, May 1.171, to 1.17% and July 1.13% to 1.13%, was ‘fz:llzwed by a moderate further set- ck. Increasing receipts weakened corn and oat: After opening unchanged to % lower, May 7433 to 74%, the corn market continued to sag. Oats started 3% off to % up, May 443 _to 44%, and later showed losses for all the active months, Provisions were easier with grain, despite steadiness of hog values. WHEAT— Open. High. Low. i{; i.l1 1.18% n T2 111 3.50a6.25. Tanger- 2, b5a55'% per Close. Ione: 15 114y L1087 1087 1085 CHICAGO LIVE STOCK MARKET. CHICAGO, February 26.—(United States De) nt of Agriculture)— Hogs—Receipts, 61,000 head; slow; bulk, 150 to 200 poun: top, 8.30; bulk, und butchers, 7.80a8.00; big packers around heavy- medium light light smooth, _ rough, mostly 7.70a7.95 light 8.00a8.30 packing sow. cows, d; erately active; beef steers generally steady to strong: spots higher, espe- clally on medium grades light vear- lings and handyweight steers of me- dium to good grade; other top ma- tured steers, 10.15; weight around 1,600 pounds; few other loads, 9.75a 10.00; bulk beef steers of quality and condition to sell at 8.00a9.50; she tock rather active, strong; bulls steady, slow; veal calves largely 2oc lower; spots more; stockers and feed- ers strong to 25¢ higher; bulk de- sirable veal calves to packers, 10.50a 11.00; few, 11.50; shippers upward to 12.50 and above; bulk desirable heavy bologna bulls, * 5.00a5.15; numerous loads well bred feeders steers, 7.50a 8.00; average mostly 900 pounds and Sheep—Receipts, 17,000 head: strong to 250 higher; top wooled lambs, 15.50; ood 82-pound weight, 15.25; shorn ambs mostly 12.25; best handy- ts held higher; few extreme heavles, 10.50; fat wooled ewes mostly 8.0028.25; top, 8.50; good 103-pound shorn yearlings, 9.50; wooled 92- pound yearl! and two, 12.50; good 85-pound shearing lambs, 15.35. FLOUR PRICES QUIET. NEW YORK, February 26.—Flour— Quiet; spring _patents, 6.30a6.7, spring olears, 5.50a6.00; soft winter straights, b5.90a6.2! hard winter straights, 5.90a6.4 Pork—Steud: mess, 27.00a28.00; family, 30.00a32.0 Lard—Steady; middle west, 11.90a 12.00. Hops—AQuiet; state, 192 a24; Pacific coast, 1922, 14a18; 1921, T N EASTER SHOPPING GETS UNDER WAY Retail Dealers Now Gettine Business Delayed by Severe Weather. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 26.—Eastm shopping s really under way 1t the retail stores of the country. Tt many sections the lateness of th winter and unusual storms delaye( the excursions of consumers to fil thelr Easter needs, but merchants as. serted that the movement finally hat begun and that thero was every indi catlon of a satisfactory volume of trade before April 1. The markets in this city today were filled with buyers from the middle west and southwest eithor making last-minute purchase for Easter o1 hurrying reorders forward to fill de- pleted shelves. Express companier are flooded with shipments in nearly every jobbing and wholesale cente) and the car movement of the coun- try still hampered by weather condi. tions is such as to arouse some feart cf further congestion later in the spring. No Indlcation of Strike. Manufacturers and merchants are frankly worrfed over the unmistak. alje trend of commodity prices u ward. They are extremely reluctan! to advance quotations for fear o checking consumer buying. Yet th * movement of the raw commodity markets, they say, is such that they must take that step or cease to de¢ business at a profit. So far, however, there has been ne indication of a buyers' strike In any Section of the country. Retailers have been helped materially by the introduction of new fabrics and de signs. These have caught the fancy of the buying public and have movet readily at satisfactory prices withou' arousing comparison with goods o) somewhat similar range and sold last year at lower figures. Mills on Full Time. The textile mills of both the soutk and New England are operating or full-time echedules as a ruls. Som¢ of the woolen mills are sold already through the fall season. The silk manufacturers with remarkeble new designs on their looms, are turning out full volume of products in Ned Jersey and Pennsylvania in spite the strength of the raw silk markerq In the middle west and southwest wholesalers in drygoods and women's apparel reported today that the vol ume of business done this month in some cases exceeded that of February, 1922, by 100 per cent, although the sales in that period were above all previous records. The trend of re- tall buying indicates that it may be split into two sections, one devoted tc shopping, especlally for Easter, and the other later period allotted tq general replacement of necessities fuy spring. Outdoor Work Started. The breaking up of winter is being signalized by active renewal of buil ing operations. There is some sho age of skilled men in the building trades here. but it is even more | maried in the middle west. In some sections of that district, plasterers ing $16 a day, and bricklay- Carpenters are scarce al an hour. The tremendous volume of highway improvement is being reflected in the Increased orders for cement. It is conservatively estimated that cement cutput In the United States at present it at least 1,000,000 barrels a day, and most mills have Increased production about 100 per cent as compared with last year. = Concrete workers in sec- tions where highway work already has begun are getting 69 to 80 centsan hour and laborers on road work, to 673 cents. Contracts for build! materials in many sections are being taken subject to prices on date of delivery. Renewed demand for tankers in in- tercoastal trade to bring California crude oil to Atlantic coast refineries is a marked feature of the shipping Industry with a corresponding in- crease in freight rates on oil and gas. oline. New Englnad Industry On 100 Per Cent Basis Special Dispatch to The Star. l BOSTON, February 26—The indus. trial capacity of New England today lis close to 100 per cent production, The weather conditions continued to be a handicap to some extent, but | is the bellef among leading bankers and financiers that with the passing of extreme temperatures, which naturally impose restrictions on the ability of the railroads to move goods, an_even greater volume of business will be done. Conditions are thoroughly sound in the boot and shoe manufacturing ine dustry. The majority of the larger | plants are fully occupied, and the e« mainder are reasonably busy. The de~ mand for bituminous coal s light, and prices are easy, with pool N , New River and Pocahontas quoted &t $10 . 2 ton f.0.b. cars for Boston and Mains shipment. |South Texas Now Facing Big Shortage in Cattle Special Dispatch to The Star. FORT WORTH, February 26.—South Téxas will face a shortage of 60 per cet in three-year-old steers mext sum- mer, and the ranches of the Panhandls are in even worse plight. The total beet shortage in south Texas was estimated by ranch owners and growers today a per cent. The reason for this Is that ranchmen, now rejoicing in good rains and excellent pasturage conditions, will not ship to market until late in the summer. A canvass of ranchmen today indicated that with the herds of three year-old cattle and up heavily reduced the stockmen will hold their herds on the ranges to fatten. Rain, always a big business factor in Texas, fell from one end of the plains country to the other, stimulating every line of trade for the last week. PUTS AND CALLS ARE UNDER INVESTIGATION ¢ NEW YORK, February 26.—Acting under instructions from the commit- tee on quotations and commissions of N York Stock Exchange, E. V. e o fis “mecretary, hus addressed a letter to members of the exchange calling for answers to the following tions: s it vour practice or that of your firm at any time to issue privileges (puts and calls)? “Is it your practice or that of your firm to indorse privileges of this char- acter issued by firms or individua! not members of this exchange?" It is understood that the informa tion is sought for the purpose of de- termining whether the rules govern- ing trading in pute and oalls by members of the exchange should be amplified and made more stringent? In the absence of a statement re- garding the motive of the exchangs authoritles, it was suggested in brokerage circles that the question of a further tightening of the regula- tions covering transactions of that character arose from a desire to elim- inate the possibility of fraudulent paper in puts and calls. LIVING COSTS HIGHER. CLEVELAND, February 26 (Spe cial).—Living costs in Cleveland. fiz ured on a basis of 100 as the ba figure In 1915, and which rose toy 217 in 1920, have risen from 166 to 170 this month. i ‘ ‘