Evening Star Newspaper, February 27, 1923, Page 24

FINANCIAL STOCK MOVEMENT INNARROW RANGE Traders Display Waiting At- titude as to Immediate Trend of Market. ANCIAL NEW RECORD SEEN IN AUTO TOURING Tremendous Summer Travel Will Give Industry Further Boost. THE EVENING BTAR ‘vfi'srmfmd ‘D. 0, TOESDAY, FEBRUARY 27, 1923.' NEW YORK STOCK EXCHANGE ’R[A[}HUNARY TONE mBONDSM Recelved by Private Wire Direct to The Star Ofice v by Private Wire Direct to The Star Ofice, 72 Ianfl'l'enpf S0% 80% 80 80 : 108% 108% For Revised Close of Bond Market see 5:36 Edition of The Evening Star. illfi Jones & L'gh1 l 108% 108% b7} an sae 2o 20| BUt Few Gains Recorded in bl UNITED STATES BONDS. N Bales, Atchison gen 4 88% Kansas & Gulf.. Y "38“ Kansas City Sou Today’s Trading—Slight Drop in Liberties. Grain, Produce and Live Stock For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Adams Expr Adv Rumley.... Adv Rumley pf. Air Reduction. . Ajax Rubber. .., Alaska Gold. ... Alaska Juneau. . All Am Cable.., Allled Chemlcal, Allled Chem pf.. Allis Chalmera. , {Am Agr Chem. . AmAgrChempt. Am Beet Sugar Am Bosch {Am Brake dled, per dosen, 40; average receipts, 38, Cold storage eEgs, 27. Live poultry—Roosters, per 1b., turkeys, per Ib., 25a35; spring v,huk. ens, per 1b., 33a35; keats, young, each, fowls, e-th 21 Dreas»d nvultry—i‘ro-h killed spring chickens, per Ib., 45a38; hens, per Ib., 26; “roosters, per '1b., 1Sa19; turkeys, per_1b. 30a40; 4 1 Posso 'a40; keats, young, each, “Ln'r; ufiwck—calv;a, cholce, per 1b., BY J. C. ROYLE. i um, per 1 ald; thin, DET!special Dispateh to The S 1b:, 8210, "Labbs, thotee: per 1h, 19, | SPocial Diepateh to The Star. 1ive pigs, 300200 c;fh,vfm iogs, | NEW YORK, February 27—More Americans will play this summer than Bigh. Clave. 144 10138 101 20 10130 ' Aum.on adj 4s. > o 0820 | o C L cl 4 Kansas C Sou pf 5 66 }i. 9806 9794 9800 B&OpLin3us. Kayser (Jullus) 421 43 8 9336 9840 Baogouis Kely-Spr Tire. . b Kelsey Wheel 9988 9962 9962|B&Ore : i3 1“1 u:u gfioawawam, Lake Ere & W. O e, High. L. IE B TEs. Leo T & Rubber, . 37 102% 102 Lehigh Valley. . e 99% 99 Liggett & Myers. Lig & Myers pf. BKlynR T 7s ‘24 . BKIRT 78 ‘21 ctfs. BkIRT 721 ct sta. BY STUART P, WEST. i Dispatch to The Star. \L\V YORK, February 2 in today's stock market again cen- Sl BY GEORGE T. HUGHES. G: 68. | Special Dispatch to The Star. 210 210 NEW YORK, February 27.—Dull- 117% 117% [niess and reaction prevailed in the Close. 102% 29 4% 9715 27.—Interest | 1144 114% per b, tered in speclal price movements. Most of these were upward, but the general list was quite unresponsive and during the greater part of the time merely within a very narrow range and with o settled tendency one way or the | other, Analysis the liquidating value of United Retail Stores Indicating that it was very considerably abov the recght selling prices of the stock Jed to a sharp advance. Shares of Tobacco Products representing the controfilng interest in Retail Storcs Werg drewn along. Utah Strongest Copper. The only copper stock to de much on the advance in the copper metal was Utah. The zine stocks, how- ever, woke up more than they had previously doue, to the fact that zine prices are the highest since the au- Tumn of 1920, and that the vutlook for uil these companies is the best that it has been since the war time. Butte and Superfor wos tho leader of the roup, with Amertean Zine and Cal- whan following. Jron Products bettered its high h this year and last when it cross- Hily. The statement made Mo that earnings are now running 4t the rate of 317 a share was the for the buying. v o enthusiasts on the that these should | tice of the first for iowing an inerease than 100 per cent over Jan- 19: when Raltimore 7.13 per cent and| s was only $1,751, :gainst this yeur's January. total $5800.404 y of feature of interest in the 4 ay was another series of "o advances in commodities. Cotton drew well ueroms the thirt cant level for the ro upward readjustments were announcs ed in oil quotations, the copper metal became definite ablished on a 153 basis aud from the steel centers vame word of fresh advances in price wehed v L 3 Decline in Sugar Market. sugar market furnished exception of the day. The de- in both raw and refined, .,nuunung to u full cent in the pound from the extreme high, doubtless meant that speculation had set a too Tapid pace the way it was going a week ago. But it did not nece: indicate that the sugar tra wrong in its calculations re Year's world supply and The ouly the those interested in v down, all goes to thut while there wctual shortage, there demand at good prices for all the surplus sugar that can Le turned out. A certain amount of response ap- peared on the stock exchange to ihese evidences of an increasingly more profitable price level, but there was nothing like there was in the market up to the end of last week. Only one or two of the copper stocks 4id any thing to speak of. The zinc shares stood out strongly, but ih the oils and steels there were very few advances worth noting. Reanons for Wenknenn. liave meant that temporarily about counted” favorable trade news, or it may bave meant that it was still feeling the damper cast upon epecu- Jative sentiment by last Wednesday's action of the federal reserve banks. But, in all events, the subsidence of outside Interests in the market and the return to the narrow profeasional speculaion of the first half of Jan- “uary were very well defined. While the industrial shares were displaying @ diminishing interest in the trade news. the railway shares were taking still less heed of the first of the Junud support wall “dis- This may street d Southern Pa- ¢ what the re i1l £how will prove to hav, heen @ better month than Decem and altogether the most prospercus mid-winter period for the carriers in Tecent years. Coca-Cola Advances. Coca-Cola stock responded with an overnight advance of over a point to the declaration of an extra dividend of 50 cents a share in addition to the regular quarterly payment of $1.60. The feeling in the sireet today was that Coca-Cola should hold on te its cash rather than glve it away. It has always been a fact that the com- pany has been hard put to it to show jarge profits with ~sugar above 5 cents, and now that sugar is selling above 9 cents profits are likely to dwindle. Therc was a belief in some quarters that a sleeping short interest in Coco- Cola would be put to rout by the declaration of an extra dividend, but there did not appear to be much of scramble to cover today. The fourth quarter report of the Phi $ips Petroleum Compa: ssued toda showed income after all charges e cept depreciation and depletion of &p- proximately $3.50 per shure, or at the snnaal rate of $14. A«luall)’ the figure for the year was ubout $12.7 according to calculations in the street. Phillip's carnings at present are said to be substantlally above that amount, Copper. Active at Close. The copper shures. which had paid lttle attention early in the day to the rise in the copper metal, came to the front in the afternoon when it wwas_announced that Anaconda Cop- d been restored to the dividen . This by no means unexpected. A brief spurt occurred in some of the motors in the early afternoon. Studebaker got back to Chandler above 73. Bosch Magneto Tose sharply on dividend talk. i stocks continued prominent, espe- clally Americun Zince preferred’and Butte and Superior. Coca-Cola “J! inactive In late trading. shifted back and forth ho Am Brk Shoe Dr‘ {AmCan.....,.. fAmCan pt...... Am Car & Fay.. i Am Chlcle Co. .. | Am Cotton OI1.. AmCotton Ol pf | Am Druggist. ... Am Hide& Leath AmHide&Loa pt Am Internat'l Am La France. . Am Linseed. Am Roll Mill pf. Am Safe Razor. Am Ship & Com. Am Smelting. .. An Smelting pf. Am Steel Fdy Am Sugar...... Am Sugarpf.... Am Tl & Teleg. Am TobRCEO. .\ \ Am Tobacco (BY Am Tobac pf (n) AmW Wk 6% pt Am Woolen Am Woolen pf. . | Am Zinc & Lead {Am Zinc&Ld pf Anaconda. Ann Arbor pf... Asso Dry Gooda. { Asgo DryG 1st pt Asso DryG 2d pf Assoclated OM1. . Atchison pe. ... Atlan Blr & Atl. { Atlan Cat Line. . { Atlantic Fruit.. Atlantic Gult. .. Atlantic Gulf pt Atlantic Ref. ... Atl Refining pf. Auto Sales pf... Baldwin Loco Barnesdall (A) sdall (B). Batoptlas Mining Peechnut Pack. Leth Steel (B).. Betl $t17% (n). Booth Fisheries. Bkiyn Edison Brooklyn Ed rts.. Bklyn Rap Tran BKlyn R Trctfs. Brown Shoe. . Burns Bros (A). Burns Bros (B). Burns Bros pf. . Butte Copper. Butte&Suver!: Calif Petrol Calif Petrol Callahan Zix Calumet & A Canad'nFacific. Central Leather Central Leathpf Cerrc de Pasco. . Chandler Motor. Chesap & Ohlo. . Ches & Opfwi. Chi & Alton..... Chi & Alton pf.. Chi & East III.... Chi Great West. ChiMII&StE.. ChiMI1 & StPpt. Chi & Northwn. ChiR1& P7%pt Chile Copper. Chino Copper. .. Cluett Pe bodv Coca-Cola. Colo Fuel.... Colo & Southern Columbta G . Columb’a Graph Com Solvents A. Comp Tabulator - traflic statements. | On8 Cl‘"" ¥ Baltimore and Ohlo, | Coneol Gas r | Cons Textile. | Cont Can. orn Products. . Continental Mot | Cosden & Co Cosden pf. Crucible § Cuban-, Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'ican. Cuban Dom pf... Davidson Chem. D Lack & Watn. Dome Mines. ... DuSB& Atlan.. Dupont (EI)... Dupont deb..., Eastman Kodak Elec Stor Bat... Endicott-John. . l-lmnual’ll)'eru ‘famous Play pf. Fd Mines & S p?. FifthAvBusw i, Fisher B of O pf Fisk Rubber. Flelshman Freeport Texas. Gen Am Tank pf Gen Asphalt. ... Gen Asphalt pf. Gen Cigar . . Gen Cigar deb .| Gen Elec.ric. . Gon Elecspl w 1. Gen Motors. Gen Motors pt. . Gen Mot 6% deb. (:en Mot 7% deb. | Gimbel Bros pt. 120 ang | Glidden. Goldwin Goodricn. Goody'r pr pf wi. Granby Consol Gray & Davis Atchlson, . l 137" 53! 80! 30 19 Y s 1 s il Lima Locomo. .. W Loose-Wiles 1st Louis & Nash. .. Mack Trucks. .. Magma Copper. Mallison & Co. . Mallinson&Cpf. ManhattanElev Manhattan 8hirt Marland Ofl. . Martin-Parry.. Mathison Alkilf. % | Maxwell (A)... Maxwe'l (B). May Dept Stores MelIntyre Porcu. Mex Seaboard. .. Mfami Copper. Middle 8t O11. Midvale Steel... Minn & StL (n). Mo, K&Twl... Mo, K & T pf wi. Mo, K & T (old Mo Pacific. . Montgom'y W'rd Moon Motors. Mother Lode. Nash Motors Natl Ry of M 2a. Nevada Copper. N Or Tex & Mex. N Y Alr Brake. 1& NYNH& Hartfd. NYO&Western Norfolk & West. North American North Pactfic. .. Ohio Bdy & Blw. Oklahoma Prod. Ontario Stiver. . Orpheum Circult Otle Elevator. .. Otis Bteel... . Owens Bottle. .. Pacific Develop. Pactfic Gas & E1 Pacific Mall. Pan-Am Pet (E) Parrish & Bing. Penn Seabd Stl. People's Gas. . Pere Marquetts. Pere Marq pf. Philadelphia Co. Phillips Pete. Pierce-Arrow. .. Plerce-Arrow rts Plerce-Arrow pf Pond Creek Con Postum Cereal. Froducers& Ref Prod & Refpf... Pub ServofNJ. Pullman Co. Punta Alegre. .. PureOll. ... Pure O11 8% p Raflway Stl Spr. Rand Mines. ... Con Copper. Remington. Replogle Steel. . Rep Ir & Steel.. Rep Ir & St1 p?.. Reynolds Spring Reynolds Spr rts. Rey Tobac (B).. Roy Tobpt B... Royal Dutch. ... 8t Joseph Lead. . 8t L & San 8r pf. St L Southwn... St L Southwn pt 8an Cocllll Bul’- Soneca Copper.. % Shlll Union..... Shell Union pt.. Stmms Petrol... Stmmons. . Stinclair Ofl..... Sinclatr pf. Skelly Ofl...... Sloss-Shefeld. . South Pacific... Southern Rwy. . Southern Ry pf. Spicer Mfg Co. Stand Milling 8t Ofl of Calif. StOllof NI wi. StOllof NJ pt.. Stoel & Tube pf. Sterling Prod Stew't-Warner. Stromberg Carb Studebaker..... Studebaker pf. . Submarine Boat Superior Oil. ... SweetsCoofAm. Tenn Copper..... Texas Company. Tex Gf Sulphur. Texas & (l:’nclno. E ‘Tobacco Prod pf. - 1 Nashville&Chat. ::.‘2 bond market today, buyers being con- 10% 10%|sclcuous by their absence. No new reason was assigned for the weak- 108% | ness. 160%| The foreign situation remains 734 | about the same and there were no 864 | Indications of any further tightening 84% {{n the money market. On the other 20%|hand, ratiway earnings statements 47 | continued to make improvement. This 40% | was especially noticeable In the case of New York Central, Southern Pa- cific and Baltimore and Ohio. e roads, however, falled to re- 80% [ spond to evidences of {mproved finan- 68 |clal conditions. Baltimore and Ohlo 52% | first 48 sold down within about a 1614 | Point of the low of the year. An ap- 74% | Parent exception was the caie of the 18% | debenturo 43ts of 1833, for which 17% |there was & slightly better demand 20% than yesterday. 1% Armour I 28% | Among high-gradc 8 |sues Armour & Co., 338 were mota- 16% |bly weak una hers, t0o, ‘no good 42 |remson can be found in the seourity. 1 |This is the first obligation of the Ar- 171 | mour Company and Is a llen on all its 46% | TOBL estate. As an example of the 7! 56 1068% 149% 66 56 106% 106% 149% 152 2% Framericun I D'l‘h' French Govt & . Vweak. investment is- Marsellles Mexlcn b8 {co Bs larg! Mexlco 4s. Montevideo 78 Netherlands 6s. . Norway 8s Norway 6s ctfs. Paris-Ly's-Med Prague 7% Queensland 7s. Queensland R Jan 8s 1348. 1o, City, 8 1o,Stat: Setne, Dept of, BerbsCrotsSlov middle-grade class the new Anaconda €3 may be taken, which also_were 28% | down more than half u point. Pacific|M 22%|Telephone and Telegraph refunding 3% bs, another second grade tesue, sold - half & point, ut which price the 103% | ylerd is over 53; per cent. Cuba Cane 122 |Sugar 7s, the company's senior ob- 13% | ligation, in which speculation has 42% {been 80’ active, were also down to- 100t | day. 683 Liberties Slightly Lower. 101 | Among the few gains recorded were 128% [Chile Copper 6s at a new high, Sea- 4 |board “Alr Line adjustments’ and 17 Btandard Ofl of California 7s. For- 93y | el#m 1ssues movea trregularly 3514| There was very little change in 49% the liberties, but most lssuu showed '1“ losses of & few eonm on the § £{COTTON PASSES & JOCENT LEVEL 146 10% ::3 Long-Talked-of Goal Reach- 10w ed When Prices Advance About $2 a Bale. 108% 122 4% 42% - com Ud King'm 54829 Ud King'm 5%s '37 Un Steam Copen Uruguay 8s. Zurich an emASaenalReMsan lllfl us MI.CELLANEOUS. Ajax Rubber$s... 3 98¢ 98 Am Agr Chem 7 %I ""' lgg'h Anacon 1st 65 w 1. 18% Armour & Co 4%s. 2% 7916 | Bell Tele Pa Sarcts Bethleh'm Stl rf 58 Beth'm 6t pm Beth'm Stlsf Brier H St 1st 648 Bklyn Edison 7s D. Bklyn Ed gen 5s. . Bush T Bldg 5s '60. Central Leather 63 Cerro de Pasco 8s. Chile Copper 6: Chile Copper 7s... Con Coal M4 1st 8s Cub CaneScvd Amsociated Press. W YORK, Felruary I7.—The long-talked-of 30-cent leve! for cot- ton prices wus reached in the futures market today on reports of a stead- 1ly increasing scarcity of offerings in the south and continued trade de- mand. Contracts for delivery during May sold up to 30.15, an advance of about §2 & bale above yestorday's closing quotations, and ail old-crop deliveries made new high records for the season. k i o general market openes rm at an advance of 7 to 28 points, and cold | Dt ron Tef 2 20 to 30 points net higher, with May | DU Font 4¢ 5% 1M touching 30.05 and October 26.26. May | Duquesne Lt 73s. H reacted a few points after selling at | Duquesne Light 63 30 cents under realizing, but the \ol- { E Cuba Sug 7%s. . 126 ume of offerings was not large a Empire F&G 7%s. 81 Whs quiday Borned by frest buy | Flsk Rubber fs- .. 10 Futures opened steady: March, | Gen Elec deb 5s May, 29.90; July, 29.15; October, Degember, '25.7 New Orleans Prices Also Up. NEW ORLEANS, February 3%.— New high levels for the season were reached on the old crop months in the local cotton contract market here Goodyear Tr 8s’ 41! 89 Humble O&R 5%s. today us the result of better cabl 43 |than due. further wet weather in the | 2m belt and the report that a lot of!Kelly-Sp'gfield 8s. 8% | 1,600 bales of spota had been sold in |Lackaw's S s '50. this market after hours yesterday at|Liggett&Myersis & 30 cents a pound. May rose to 29.63 | Lorillard (P 2 . ;nd Octabor to 2589 In the first hait Ts -, our of e seaslon, e active months 141 67t I at these levels standing 19 to 32 poin! ’.2:;‘,‘:.‘,‘,";,5{,2: s: Cotton opened steady. March, | oo Steel bs. . . May, 29.3%; July, 28.80; October, December, 26.4! Montana Power Gs. Morris&Colst4%s. NEW ORLEANS, February 2 — Noon bids: March, 29.92; May, 2 at Tube 1st Gs... i I |. New Eng Tel 6s. .. uly, 0] s Decem! 28.46. “Steaay. e NY Edison 1st 614s NYGBLH&Pbs. : Steady. Otis Steel 8 SHORT-TERM SDCURITIES. Pacific Gas & E1s § (Quetations furaished by Redmond & Co.) Aluminum Co. of A1 108, “Aluminum Co. of Awmer. Ts 1988.. American Cotton Ol G 1924 American Sugar @s 1037 American T Producrs & R 8s W Public Service 6s.. Sinclatr Of1 7s. . Sin Pips Line b5 So Por Rico Sug T Steel & Tubes. .. Tobacco Prod sf 78 Union Bag & P 6s % 108 b 101 09! 42% 17 ci 1. O 101% Qoodyear T8 1 8 1681 62% 1936. 7% 964 961 109% 1097% 97 ¥ 100 West Unfon 6% j04 | Wickwire Spen 108 | Wilson & Co 1st 61 100% { Wilson&C cv 7% 100k | Cocv 6 96% ioil | Whison & 101% 1013 Seatvmestera Rell 75 Winch'tr Ams 7%s 2 102 1925, 102, Btandard Ol of Callt. 7 1061 ater Oil 6348 162 Toon “Tanx Cor s 1680; 108 g Western ulou.o o 1086, ‘Westinghouse 22! 22% 136% 136% 88% 389 51 51* 83% llz!fi lll’i IXZ* TREASURY CERTIFICATES. (Quotstions furaished by Ild.ond & Co.) ———NOOD. ——my Bate_Maturt 24, g0 1300 4 CthX&Plcrf(l 9033 7Y 100% 102% 1021 954 STOCK INCREASE PLANNED West Virginia Firm Also to Re- move Par Value Status. NEW YORK, February 27.—The Co- Canadian North 7s. Ca North 6igs. Canad Pacdeb 4s.. Central Pacific 4s. Ches & Ohlo cv Gs. Ches & Ocv 4%s. . Ches & O gn 434s. . Chi & Alton 3% Chi B&Q 1st rf 5, Chi & E 11l gn bs. . ChiGreat West 4s. CRIM&SPrt 4145, ChiM&St P cv bs. . Chi M&St P 45 2 ChIM&S P cv 1!5.. Chi M&St P 4s°'34. C H Q StPgndys &NW6i4s. ... M Rys 5 112% 111% 3 e . oty 5 m...nz‘;oma.a-om wranaanEBancr Chi Un Sta 6346, ChiUn Sta 4345, Ch!& W Indcn 4 CCCAStLre6s A CCC& Bt L 4345. . Cleve Term 5345 Colo & Sou 435, CubaR R 6s. Del & Hudson 5145 D&RG s rtre Det United 43a. Erle con ext 7s Erfeconv 4s D Qr Trunk sf deb 6s Grand Trunk 7s. .. Gr North gen 7s. Gr North gen 535 5. Havana ERL&P s Hud & Man ref 5s. Hud & Man aj 6s 11l Central ref 4s Ill Central G4, Int Rap Tran 5s. Int R Transit 7s... Int& G Norajés.. Kan City Ft S 4s. Knuu City 8 3s. . n City Sou bs. .. KM City Term 4s. Lake Shore 45'31. . Lehigh Valley 6s. . Leutls & Nash 6343, Market Sten 5s. .. Al El Ry & L 5s M&StLlstrfds. 1 NOTex & Min Bs N Y Centdeb 6s. N Y Centdeb 4s. NYCentrits New Havencd 6s.. New Haven d 4s 57. w Haven 7s..... NY State Ry 413s. NYW & Bos433s. Norfolk & W cn 4s Northern Pac 3s... Northern Pac 4s North'n Pac r1 6; Northern Pac 5= Ore & Calif 1st & O Short Licn 6s'46. 2 Ore Short L ref 4s. Ore-Wash 1st rf 43 Pennsyl gen bs. ... Pennsyl gen 43%s. . Pennsyl 6%s z Pennsyl goid 7s... 15 StL&SFDI4sA. StL&SFprinss. B:tL&SFinc6s StL&SF adj 6s.. StL&SFplésC. StLSW Ist4s.... ASelbdALrtrls B 941, Southern Ry gn 68 Southern Ry 6%4s. 101% Third Averefds.. 4 61 Third Ave adj bs. . 21 62 Tnion Pac 1st 4s. a Union Pac 1st rf 43 Tnion Pac Tnlon Pac cv Virginia Ry 1st VaRy & Plstls.. Wabash 18t 5s. .. .. Western Md 4s.... 24 Western Paclficss. 1 81 TOTAL SALES (Par Valve): 1lam., 3051000 12 noon 53891000 1pm. 7632000 2pm.. 9406000 RAILROAD EARNINGS UP, Southern Lines Will Show Good January Incomes. Preliminary reports indicate that high earnings of southern railroads continued without {nterruption through January. So far only some of the smaller roads have made their January reports, but they have shown @ great increase, as compared with January of last year. One of these, the Norfolf Southern, vesterday announc- ed gross operating revenue for the month of $683.637. as compared with $518,865 in the preceding January, and operating income of $66,879, as com- —_— SUGAR STRIKE ENDED. FORT DE FRANCE, Martinique, February 37.—The strike of workers in the sugar cane flelds, which re- cently was marked by extensive dis- 14| orders, has been ended through the intervention of deputies. Tho em- ployers agreed to increase the wages of the men. BUTTER PRICES HIGHER. CHICAGO, February 2 creamery extras, I€) lower; receipts, 17,891 cases: firsts, 8123231%; ordinary firsts, 29a30; mls- cellaneous, 30%3a31. ——— Qreen lrul"—ADDlei. per bbl, 1.76 a7.00; Dellcious, No. 1, per bbl., 6.00a 8.00. California’ oranges, per crate, 5.00a6.00; Florida, 4.00a6.00.: Lemons, %5 hex, 6.0026.00. Grapefrult, 3.00d 4.25. Ttnnfiarlmw 3.505.0 getables—Potatoes, plr bbl, No. 1, 1.50a2. 00; per sack,’ 2.00a2.10 50; potatoes, nearby, 3.50a3.00. per crate, southern, l‘)Ul ; Romaine latluce per crate, Iceburg lettuce, per crate, Cabbage, northern, 2.5043.00 ger Ibs.; nesrby cabbige. per southern, 2.G0a3.00 per ba Eggplants, er crate 5Eoat oo, romnoe-. er box, Florida, 2.50a6.00, Zeans, 2.00a4.00 per basket. Peas, 3.00a5.00 per basket. o e c‘:’rare‘) I"lflogidl. . .50. arrel, 2.50a2.75. Spinach, per mrm 3.0024.00. Celery, crate, Florida, 2.5 3.50. Brussels sprouts, 25a35. Squash, 2.6023.00. GRAIN AND PROVISION BALTIMORE, Md., February (Special).—Potatoes,” white, pounds, §0al.35; 150 pounds, 90a2.25; sweets, barrel, 1.25a2.00; bushel, 50n 60: yams. barrel."1.5042.60; bushel, 50 a76; beans, bushel, 2.50a4.00; beets, hundred. 5.0046.00:" brasscis aprowts, quart, 25a30; cabbage. hamper, 2.254 3.50; savoy, bushel, 1.00a1.25; carrots, asket, 50a60; cauliffower, crate, 2.00 a2.50; ce 43.00; cucum- 7.0048.00; eggplants, crare, horse radlah bush 3 kale, barrel, 2.00a backet, 150a2.3 100 “pounds, 1.25a2. vsterplants, LRI oysterplants, parsnips, bushel 3.00a4.00; pep- adishes, bas- bushel, ' 1.00a packed, b: . 2.50a5.00; bushel, 50al.25 Y00 pounde i b : 1oose, 100 pounds, 1.50 a75; cranberries, b ; grapefruit, box, 2. oranges, box, 3.50ad.25; straw herrles quart 30:!.5(7 tangerines, halt strap, 2.50a4. Selling Prices at 12:30. Wheat—No. 1 red winter, spot, no quotation: 2 red winter. spot, 34, nominal; 3 red winter, spot, © quo! 1o N 2 rvd Wi ter, gur- licky, 133, nominal; 3 red winter, warlicks,’ no qustations; February, 133, nominal. rn—Cob corn. new, 4.60 per harrel; contract, 831, per bushel; No. No, 4, no quotations: track corn, yellow, No, 3 of better. 80 uge;i per_bhshel. 56 per bushel 4. ", 85295 per bushel; LeXDOrt. ” wpot,. 3% no quotations, 5 top grade '\xwl light clover, mixed, in derate demand, at & Tange of 16.00 reaily 4 Der TODAY'S CHICAGO PRICES. CHICAGO. February 27.—Upturns in price characterized the wheat market today during the early deal- ings, buyers being somewheat en- couraged as a result of announcement that eleven cargoes on ocean passage had been disposed of to European continental countries. Reported lack of adequate molsture for winter wheat in section tended also to strengthen values. mand, however, was only he opening, which ranged (rom iy to % higher, with May 1171 1.1 |and July 11§ to 1141, was foliow d by a slight further advance and then something of a reaction. action of wheat. shade to % higher, May 73% to 73 the corn market scored slight addi- tional gains. | yOkte started unchanged to half cent higher, May 443% to 441, and kept near to the initial range. Higher quotations on hogs helped | give firmness to the provision market. Migh. Igw. Close, 187, 14 1160 1050 10 1170 1167 117 65 1005 CHICAGO LIVE STOCK MARKET. CHICAGO, February 27.—Hogs— Receipts, 29,000 head; 10 cents highe! 150 to 210 pound averages, top, £.40; bulk, 240 to 300 pound butchers, §.00a8.10: bulk, packing sows, '6.857.15: desirable. 80 to 1 pound pigs, heay hogs, 7.85a8. light, 8.15a8. steers, a better grades reflecting most vance; top matured steers, 10.60; sev- eral loads, 10.00a1 bulk beef ateers. tock, fully steady; bulls, weuk at Monday's de- cline; veal calves, weak to 23 lowe: stockers and feeders strong; bu desirable heavy bologna bulls, 4.7 bulk canuers and cutters, 3.2oa pulk stockers and foeders, 6.50a Shiecp—Receipts, 16,000 head; open- kood handy wooled hoice held steady at 16.50; early’ bid lowor: best fresh- shorn lambs, varrying jern wooled e pound ewes, €.40; pound western shearing traders. DAIRY PRODUCTS. BALTIMORIE, Md, February (Speclal) —Liv puum— —Turkeys, 1b., 25a35; old toms, 2 r and crooked §.5 e tlire doubles §i- hay-fed lambs on orders, 15 to of the southwest De- | moderate. ! Corn and oats sympathized with the | After opening ! vard | ever before, and that fact means more work at a profit to scores of indus- |tries throughout the country, espe- cially those connected with the auto- Im,bu:- industry. Those were the cheering facts volced today by auto- mobile manufacturers, tire makers and accessory producers. The tremendous tourist travel of the spring and summer 1s amply in- { dicated by reports from the south and jwest cf the winter'’s trend. Flork dl i the southern stutes and southern ifornia as estimated to have. enter- talned nearly three-quarters of a mil- lion tourists in the last three monthe. As the scason advances, hundreds of ‘tlmuse,ndu will visit the natlonal Darks, accyrding to government off. clals, and Fany of these will travel by automobile. Thess indications. dealers ray, mean big business in the automotive industries Farmers Confer on Marketing. Tentative steps were taken to stab ’lee prices of farm products throug! better methods of marketing, trane portation and crep control at a con terence of officials, farmers, bankers and business men representing ten western states at St. Paul today. The delegates waited with interest the action of Congress today on farm credit legislation, but it became evi dent that the sentiment toward ee tablishment of a minimum wheat price was predominant in the meet in The domestic fuel situation in and about New York was measurably re lieved today by the melting condi- tion of the ice in the North and Easr rivers. This was due not so much to the fact that ice fams blocked trans- portation s that they increased In- surance rates on ©f coal, according to some dealers. Wide Demand Reported for Farm Implements Epecial Dispateh to The Sta ST. PAUL, February 27.—Dealers de. clared here today that the demand for farm implements throughout the entire northwest was better than last year and that indications pointed to the heaviest sales since 1919, Warm weathe: has stimulated wholesale trade in north- western jobbing centers amd retail trade has taken up the slack caused by cold waves and storms. Freight handled through the Minne- apolis terminals since the first of the year has been 50 per cent greater than in the corresponding time last year. Philadelphia Company to Expend $10,000,000 Special Dispateh to The Star. PITTSBURGH, February 27, iod of corporate extension and ex ansion forecast for this territor: plans approaching completion to day. The Philaudelphia Company hax decided to =pend $10,000.000 in exten sions before the Pnd of the summer Large expenditures are forecast for the Pittsburgh Railways Company as soon as the corporation emerges fron the receivership, The ice companlex | of the city are in process of consoli- dution into one company. Steel prices continue to move into higher terri- tory and production is being rushed to meet demand. Copyright, 1923. —A pe: STANDARD OF KENTUCKY INCREASES DIVIDENDS Advance of 33 Per Cent Over Former Rate Made at Meet- ing in Louisville. February . of approximately 33% pe cent over the former dividend rat- lon Standard Oll of Kentucky was made when the board of directors de clared a regular quarterly dividend ¢ 4 per cent, pavable April 2 on stock of record on March 15, This rate equals $1 a share on the presen stock. The 4 per cent dividend rate equalc a rate of $1.66% on stock outstanding prior to a 66% per cent stock dividend declared stnce the last quarterly dis bursement, company offictals sald, BANK'S SURPLUS GONE: - FAILURE IS PREVENTED Directors Act Quickly and Con- tribute Funds to Save Chi- cago Institution. February 27.—A re. ganization of the Stony Island Trus and Savings Bank of Chicago, due tc {Lad investments of thousands of dol lars that bave wiped out the instit: tion's surplus and impaired its cap tal of $200.000, was announced toda: in a statement by Frank O. Wetmore vice chairman of th aring house committee of the Chic Clearing { House Association g The institution’s name vas change to the Stony Island State Savings Bank after the directors had voted to Tol'StL & W pf. ou lumbla Gas and Electric Company, & Trans Contl Ol1. West Virginla corporation with head- quarters at Charleston, has given| il o1 hiope for keeping the notice of a proposed change 'fl{ the | Ransas City, Mexico and Orlent rafl- par value of its common stock from road in operation and thereby pre- serving railroad communication to a $100 to no BATVAlue &nd &3 Increpss iurn Baquare mileage of Texas terrl- from 600,000 to 1,500,000 shares. The | (iU e iy favorable action by Con- wns and electric utilities gress at the present session on & Young chickens, 28230; old and mixe begecmcih e ates a tragtsiTine l,,h'nauun granting a loan of $3.500,00025a28; old roosters, 16a17. Ducks, 2 e road. The entire southwest 18|32 “Giecse, 20a25. Capons, Ib., $6; me- Ohio and has extensive gas and mineral | 10, the, OB e, o0 e e roesional | aium 31a3s: cmall sipe” sonzas M properties in West Virginia. action. Eggs, loss off—Native and nearby —_— 117% 117% 116% 116% firnts., doz., 38; southern, 36. Al rBrk.“ - 116 110% 1::» 116% LIVERPOOL COTTON. L Bultex\—-(‘rea.mcr)', fanc)n 1D, STEEL SHIPMENTS LAG. rinte: Siada: neuroy. croam arth A 64%| 1 VERPOOL, February 27.—Cotton - -pf;z uiet; prices steady. Good mid Ve PIT' 5 Februa 27| 50; ladles, 3%a40; roils, 35a38: - Tigken Hloller Bearing, g... (spec’-ll"s.\')glg:}lru:l& emhlme:’ are | packed, 35; gnkry prints, 36a38; pro reh 7 dii 16.65; fully middling, affecting deliveries of steel and the{ess butter, '42a43. 8134 | midditng; 16 48 low Mok 1618: large manufacturers, today are busy st S0 good ordinary, 5; ordinary, 15 | 12% | Sates, 6,000 b-le-, lnclualn;i shipmei exlendlnl‘ !Mllltli- for making river szm,m IN DIVIDENDS. 40% | American. Receipts, 2,000 bales, "all | |the west lnd ao\llhwast they cannot he rivers reach only ded upon for general rellef, Fl‘\'x‘-"yr."u sc'}?'.;\dn e ’g;:":fi‘ivy tonnage will move south: | Hecla Mining Company Votes Two er this spring. B cember, 13.87; Jan- | ward by wat P! { Disbursements. SPOKANE, Was February 27.— Dividend of $250,000 to stockholders Gt Northern pf. Great Nor Ore. . Gt West Su pf. Greene-Cananea Guantanamo Su. Guif Mo & Nor. . 1 Gulf Mo & Norpf Gulf St Bteel, ... Harbishaw Cab. Hartman Gorp.. Hayes Wheel.... Homostake. ... Houston OMl.... ‘Hudson Motors Hupp Motors Hydraulic S U Tliinots Central. 116% 116! us 111 Central pt. uUs Inspiration. ... us Interboro Met. . Interborough pf Interbor Rap Tr. sy InAgaChemical co, 71 sixty-duy oATTIN France, demand, | n combustion B cables, .| demand, ¥ ’ | Int & Grt North. bles, .0453. Belllum. demxnd. Int Mer Marine. H ubl;l 0587, Gennan 5 a o A Mastne ot breasts, 20. Young chickens. 50: poor stags and Leghorus, 22a26; oid hens, 24 a26; small and Legl 22a23; old roosters, 15. Ducks, 27a30; small and poor, 23a24. Geese, 19a25: rough and poor, 17a18. Pigeons, Dair, _30a35. Guinea fowl. cach, 40a60. 'Dressed poultry—Turkeys, 1b., 30a35; old toms, 25a28; poor and crooked breasts, 20. {contribute $250,000 to prevent a fail ure and then organized the now bank caplitalized at $200,000, with a $50. 000 surplus. EX-DIVIDEND TABLE. March 1— American Kefipers pf, @ Borden Co.. Df. 4 Canadian Pacifl WATCHING CONGRESS. KANSAS CITY, February 27 (Spe- ——————e FOREIGN EXCHANGE. Pebrusry 27, 102812 m. (Quotations furnisbed by W. B, Hibs & Co.) 1 Belling checks ay. 53 S 1m uu un 34 T e e 3"“’}3’\" 1008 160" 1430 20330 | det DT b 1bie, UnlonPlclnopl T6% T75% 75% 6% | B%s Jun 1934 Un Cigar Stores. 216 216 216 215 Un Alloy teel.. 36% 2o% “atw sch pndon, entreas Bollr.. 85% I1B 178 1’18 lTi 16% 16% I!‘t 81% Troduce Texas Guif Sulphur,’ q. Laclede Gas. @ 535;4; | Nortli Amerie wguum Pacific. 18 19K 18 19% USCastlIrPpf. ‘Western Pac pf. B58% 59% b58% 659% UBFood Prod. . U 8 Hoffman Mct 8 Indus Alco.. Realty..... Wh LB White lulo on ‘White Motor.... 06% | White O11 szeral Elec U.. 8. Realty & Tmprovement, q... March 0 &t. Josep Wlllymovfl'lfl-- st Jnnfl\h l;ud. extr Will's-Overld pf ‘WisconsinCent. Woolworth.... Worthington. ‘Vansdium Corp, Van Raalte..... Va-Cr Chemical. Va-Car Chem pt Va-C Chem (B). :w s’g mn :fin uary, 18.76. : 24 o BAR SILVER QUOTATIONS. ||m€rb~mulh Namtacturing, PARIS, February 27. ‘heseborough Manufacturing’ pfd., g. demand, . L , 0297, i aC:ec«holloVflbl-hdemmd \72‘» 11.37; Montreal, .98 Int Nickel Intl Paper. Int Bho Invineib] Jron Products, lsiand Oli. Jewsl Tes. Vivadou Wabash Western Md. ‘Western Md 7% 9% 1 114 114 13% ll‘i 13% 13% 28 8% 32% W% 9% 8% Low. Last, 5 5 HOURLY “L” 0' STOOKS. 11am.... ++ 361 300 u.-.-...u-m l“ LONDON, February 27.—Bar silver, pence per ounce. i+ cent. Discount rate 31% mr ‘cent; 2% ort, 3%a three months, 2%a 'ebruary 27.—For- dollars, heavy on the bourse to cent rentes, 53 francs, Exchango on London, centimes. l“l‘v': per cent IOI.IL cent! The dollar was quoted at 16 mnu, 21 centimes, 97 centimes, 76 francs, 40 756 francs, 10 of record March 1 of the Hecla Min- ing Company, payable March 2§, 1s announced by the company here. The divident amounts to the regular 15-cent quarterly dividend and a spe- clal dividend of 10 cents brings total payments from the silver-lead mine at Burke, Idaho, to $10,205,000. Cuban-American Kugar pfd.. q Middie States Ol g. National Rugar Hefining, q. Worthington L. & 3. A Worthington b, & M. pfd B, @