Evening Star Newspaper, February 28, 1923, Page 28

: “FINANCIAL. VERY HEAVY BUYINE; { Adams Express. iAdv Rumley pf. Afr Reductjon. . Ajax Rubber. .. Alaska Juneau. Strong Upward Trend| Shown in Market as Pools Rush Prices Higher. Allied Chemicui. Allled Chem pf. { Allts Chalmer. An: Agr Chem. BY STUART P. WES Epecial Dispateh to The Star. .. NEW YORK, Februars US.—Today's | Am Car & Bdy.. warket was another collection of foves | 2m Chicle Co. .. 4n special siocks, most of them upward. “j:',:,‘f)‘;“‘j:gi’ »t In the majority of cases the udvance | Am Express. ... vepresented operations by pools formed | Am Hide&Leatli o exploit a favorable earnings position ::m!llltzekl.z;n)w S i ci- { Am Internat'l. «nd the possibility of inereased divi- | {in nternatd. .. {Am Linsced. ... | Am Locomotive. {Am Metals..... {Am Metal pi 1+ Am Radiator [ Am Roll Mill an Woolen made a new high. saticipating a satisfacto snowing in ihe 1922 report, plus & highly favorable picture of the business prospects for The annual statement of Ameri- | an Safe Razor. can Hide and Leataér, showing a sur- ! Am Ship & Com vius of over $8 a share for the preferred ; / . siock, was better than the sireet had expected, and, taken in conjunction with the further improvement in the leather trade since the fii of the new vear, led to talk of an ea resumpilon of dividends. Hide preferred ran up ¢ sbarply on this, j4m Tobacco (B)Y Locomotive Stocks Strong. i Am Tobac pf (n) Baldwin Locomotive easily regaiued : Am Woolen.... 1's loss of the previous days, andjAmW u_oh-n pf.. l.ima Locomotive sold above 70 again. lr\m Writ Prpf.. ‘'he sugars did better, reflecting con- | Am Zine & Lead fidence that the vecent check (o the | Am Zinc&Ld pf. rise in sugar prices was nothing seri- ! Anacond: cus. American Can made a new WIgh{Ann Arhor. «nd Californiz Pelroleum was again i accets Real n demand. The preferred siock of {apin Dy Goode the latter company crossed n.u-d llr;r { Asso DryG 24 pf tae first time on buying inspired by | 1530 Ty a0 Pf ' Am Sugsr. .. | Am Sugar pf. Am Sumatra. Am Tel & Telex. {Am Tobacco. ... n the veasoni out of line | with other indust i Atchison. with similar ea Atlantic Gult Atlantic Gulf pt I Atlantic Ref.... } Atlas Ta Z 1e Aniconda dividend, al- effect on An. itself appeared for the time being Lo have been discounted. Review and Outlook. four days of hesitatioi and reaction on the stock e on the rise Austin { Raldwin Loco. . ! Raldwin Loco pf Bulto & Ohio. . | Balto & Otlo nf. i Barnesdal] (A). | Barncedall (B). Batopilas Mining Bayuk Bros e call | Beschnut Pa tive t0{path rve dis- | i Beth at, on the | Bt S change the fact that markct was not sem creas federal ro eounts a week ago, but rates have come down since | 7E 't the may. | Beth Steel 85 pf syndicates. At B ime tiere had been a good | B deal of fresh selling for short account, | B and the driving in of these sellers'Bklvn was one of the objectives in the trad- ; Bklyn ing of the day. The stock ma esting than any of In fact very little hap tock exchunze. Cotton somewl market stediy egers of speculative the same t was n Erunswick Te Burns Bros (A). Burns Bros (B). Burns Bros pf Butte Copper- Butte&Sunerior ve inter- pric . the | . the foreign | lower. But, ed enough S e CnouEN | California Pack. j Calif Petrol. .. | Calif Petrol pt. fBe | Caliahan Zine i Calumet & Ar' Canad'n Pacific. |Case (D) pE. ... ? | Certral Leather { Central Leathpf { Cerre de Pasco. . | Chanaler Motor. Chesap & Ohio.. Ches & O pf W i. Chi & Alton. . Chi & Alton Bf.. Chi Great West. Chi Great W pf. Chi Mil &St P.. ChiM1l&StPpf. | Chi & Northwn. | Chi Pheu Tool. . in 101 mie high of a ortmight ago und the wucertainty 1t as to the issue in the Rubr was 11 indicated by the quotations ench francs, whici were only # cent above their lowest for a times. German marks were a shade higher. Rall Shares Rather Dull Once again it was rather striking ! that the stock market should have devoted itself so largely to the in- dustrial section when the . January raliway statement continued to make siach impressive comparisons with the month a year ago. There were one or two exceptions among these traffic reports mnotably the New Iaven and the Delaware and Hudson. both of which operated in January at a loss. “The explanation in New Haven's case clearly enough in its inability to effect a settlement with the striking | shopmen, while Delaware and Hud- son apparently has not been able to | absorb the coal strike losses with the same readiness that have other |Cocoa-Colapf.. coal-carrying roads. {ColoFuel.... S i Colu The 'lrS:l"{.:::’ (l:,e .\l'ile.\:e:(;dn\ thgt| SOLULE Geeph 1t was the possibility of further divi- | SOmP Tabulator dend announcements in the copper | C1 "1’ o group rather than the current quota. | ons Cigar pf... tions on copper nietal ich had the | Consol Gas new. -most to do with the continuedsConsTextile. strength of the stocks. This opinion | Cont Cun. appeared to be borne out by the ac-|Cont Can pe. tion of a few of the leaders—notably { Cont Insurance. Kennecott, Utah and Cerre De Pasco!Corn Products. . —which are expected either to in- | Corn Prod pf. crease their dividends or go on tite | Continental Mot dividend list in the near future. Cosden & Cou. e, The 1022 report of the Mathieson | EPICH I sreer. | Crucible Steel pt { Cuban-Am Suz. Cub Am Sug ! Cub Cane Sugar Cuba Cane S pf. Cuban Dom'ican. Cuban Dom pf... | Davidson Chem. De Beers. ... Del & Hudson Dome Mines Dupont (ED). Dupont deb. ... | Eastman Koduk Elec Stor Bat. .. Elk Horn Coal. . Emerson-Brant. Emerson-Brt pf Endicott-John. . | Erfe. . . Erle 15t ExchangeBuff.. Famous Players. | Fd Mines & S pt | Fidelity Fire Fifta Av Busw i. Fisher Body. ... Fisher B of O pf i Fisk Rubber. Flelshman 3§ | Fraeport Texas. lkali Company will be out probab'y Thursday, and the guod showing, i id to make, was the cause of | today’s spurt in Alkali stock. The | figures will show a little over $6 u| anare, while the current rate of net! DProfit approximates $11 a share. More attention was, paid to’ Phil delphia Company today, and it was £aid that the strength in the stock was due to more than a favorable earnings situation. Highest Prices Near Close. The high prices of tie day as a vule were reached in the final hour. The jump in Republic Steel across 60 was attributed to the activities of the re- cently formed pool working on the! strength of estimates that earninzs! for the first quarter will be as high as $5 a share on the common.stock. Pethlechem Steel B got across 67 for the firet time in a long while. The way American Can moved ahead ! reminded Wall street professionals of tthe action of Corn Products when it was selling at the same prices. 1t has been understood for some time that many of the same people who made the big profits in Corn Products had gone into Amerlcan Can, belfev- jng that the latter was in much the same position as the former. (Copyright, 1923.) {Gen Asphalr.... BILL BARS ALIEN FISHERS {Gen Ampnaitvf- —_—— en Cigar . ... Gen Cigar deb. . Gen Eiec ric.. Gen Elec spl w i. Gen Motors. . Gen Motors pf. . Gzn Mot 6% deb. Gen Mot 7% deb. Gimbel Bros pf. Goldwin Corp Goodricn. Honolulu Legislature Gets Meas- ure Protesting Native Waters. Br the Associated Press. HONOLULU, February 28.—A bill introduced in' the house of represent- atives would prohibit aliens fishing in harbors, streams or other waters within the three-mile limit of the territory. The act provides penalties for Yiolation of more than $1.000 fines | or imprisonment for not more than three years, or both. Most of the commercial fishing ‘in the territory is done by aliens, principally Japan:se. Greene-Canansa Guantanamo Su. Guif Mo & Nor. . GulfMo & Norpf Guit St Steel..... | Harbishaw Cab. France’s Population Fades. From Pittsburgh Gagette Times. Vital statistics for France covering tie first six months of this year ought to glve its citizens more concern than anything else, not excepting repa: tions to be collected from Germany, Births numbered 396,726, compared with 421,180 during the corresponding period of 1921. There were 387,681 deaths, against 348,329 in -the first half of last year. Only 9,000 more per- sons were born than died in the re- public. And this is not the worst of the showing, 80 fur as the future fs concerned. While births were declin- ing 25,454, deat were mounting to the extent of 39,852 above the losses sustained a riages decre: in the 238,185 t vear to 193,454 in the like period of 1922. This leaves no room for con- wolation over the drop of 260 in the aumber of divorces. III fares the land whose population is fading. Evils from without, bad though they be, are slight compared with what they inflict upon: themselves through the Jimitation of families that s becom- |n ing {ricreasingly characteristic of the Froneh, Hudson Motors. Hupp Motors. .. Hydwulic Steel. Hydraulic Stl pf 1llinols Central. Indiahoma. Inspiration. Interboro Met. . Interbor Rap Tr. In AgaChemical Int Cement.. ... InCombustio! Int Harvester pf 1 Int Mer Marine. Int M Marine pf. 72 49 64 184 1% All Am Cable. .. 102% 6% 24% 14% 10% 2 49 64 0% 49 . 100 Iron Products Jewel Tea. . Jewe] Tea pf. {Jones Tea...... Jones & L'gh! pt Kansas & Gulf. . Kansas City Sou Kansas C Sou pt Kayser (Julius) Kelly-Spr Tire. Kennecott Kresge (S S). Laclede Gay. ... Lehigh Valley.. Lima Locomo. .. Loews Inc | Loft Inc. Loufs & Nash. + | Mack Truck Mackay Cos. ... Mackay Cos pf. . Macy Co.. Magma Copper. Mallison & Co Manati Sugar ManhattanEcts *1 Market St prior. Market St pf Market St Ry Marland O11 { Martin-Parry Mathison Alkil Maxwell (A) Maxwe'l (B). May Dept Stores > | May Dpt Stor pt Miami Copper AMiddle St Oil. Midvale Steel. .. Minn & StL (1) 1Mo, K& T wi. Mo, K & T pf wi. Mo Pacific. ... Mo Pacific pf. ontana Power. Montgom'y W Moo Motora Mother Lode. Nash Motors N Natl Enameling Nat! Lead.. evada Copper. Or Tex & Mex. Y Air Brake Y Air Brk (A) Norfolk South. . Norfolk & West North Amer w i.. orth American orth Amer pf. . orth Pacific. Nunually Co. . Ohio Bdy & Blw. Oklahoma Prod. Orpheum Circuit Otis Elevator. .. Otis Steel. Owens Bottle. Pacific Develo! Pacific Gas & Pacific Mail. Facific Ofl. s Packard hMotor. Pan-Am Pete. .. Pan-Am Pet (B) Parrish & Bing. Pennsylvania Penn Seabd St People's Gas. ... Pere Marquette. Pere Mrq prpf.. Philadelphia Co. ;| Phillips Pete. .. b4% 127 % 189 15% 38% 19 46% 9% 9 1 109 186 11% 15 Pierce-Arrow. . Plerce-Arrow pri Plerce-Arrow rts Pierce-Arrow pf Pierce Oll. . Plerce Oil pf.... Piggly-Wiggly. Pitts Coal. Pitts & W Va. Pond Creek Coa! Porto Rico Tob. Postum Cereal.. Postum Cer pf. . Pressed St Car. Pressed St1 C pf. Eroducers& Ref Prod & Refpf. .. Pub Serv of NJ. Puilman Co. . Punta Alegre. .. Pure Oil.... Ray Con Coppt Keading. . Remington. . Replogle Steei. . Rep Ir & Steel.. Rep Ir & Sti pt.. Reynolds Spring Reynolds Sprrts. Rey Tob pt B. Royal Dutch. ... Rutland Ry pf. . St Joseph Lead. . St L & San Sran. St L & San Srpt. St L Southwn. . . St L Southwn pt San Cecilia Sug. Savage Arm! Seaboard A L pf Sears Roebuck. . Seneca. Copper. .. Shattuck-Ariz. . Shell Union. Shell Union pt Simms Petrol. Simmons. . Sinclair Oil. Skelly O1l. | Southern Rwy.. H Southern Ry of. Spicer Mfg Co St Oil of Calif... StOllof NJwi. l Steel & Tube pt. Sterling Prod. .. | Stew’t-Warner. Stromberg Carb Studebaker..... Submarine Boat Superior Oil.... SweetsCoof Am. Tenn Copper. ... Texas Company. 85% | Tex Gf Sulphur. 86 Texas & Pacific. Tex & P C&OLl.. % | Tide Water Oil. . Timken Bearing Tobacco Frod. .. ‘Tobacco Prod Tobacco Prod pf. 29% | Trans Contl Oil % 1% 9136 38% 21% 70 % b4% Union Pacific. ... Union Pacific pt. Un Alloy Steel. . Union Tank Car Un Tank Crpf. . Rey Tobac (B).. 3 High. Low. B5% b4% 22% 2% % 1 56% 56 108% 108% % 2% 23% bk % 116% 18% 98 4« 100% 100% 18 18 174 298 116% 17 21% 207 2 25 ATV 46% 34% 34 62 61 44 4l 22% 22% 12% 12% 894 884 11% 11% 10% 10% 16% 15 104% 102% 64% 68% 99% 98% 81% 80% 120% 119% 1nuw 11 6l 6% 2 2 1285 12% b51% 50% 63% 63 26 26% 28 221 137% 187% 39% 39% 68% 574 117 11% 144% 143% Un Clgar Stores. 2! United Drug.... United Drug 1st- United Fruit. ... United Ry Inv. [Cta Ry Inv pf... Unit Retall Strs, U S Cast Ir Pipe. U S Food Prod. . U S Hoftman Mct" U S Indus Alco. . P Utah Securities. dcal. Va-Car Chem ptf ValrCoal&C.. Vivadou. . ‘Wabash. e Wabash pf (A)® Web & Hellbrn. 474% 177% 16 43% 81 31 41 “20% 8% 9% T2% 21% 42% 56 22% 21% 42% 41% 56 56 25 674 64% 1% 10 30 12% 184 97 | ? g . STAR, WASHINGTON, D. O., WEDNESDAY, FEBRUARY 28 1923. IPRICES OF BONDS | ===~ <oz BONDS o rxcuavn] Received by Private Wire Direct to The Star Ofice. For Revised Close of Bond Market see 5:30 Edition of The Evenl-‘; Star. Close. B6% 21% 7 56% 108% 2% 28 66% 43 63% 44% 9% 52% 16% TBh | 116% 18% i {selling to viel LITTLE CHANGED !Extreme Duliness Prevails in Market—Liberties Again | Reactionary. 1 BY GEORGE T. HUGHES. Bpecial Dispatch to The Star. NEW YORK, February 28—Ex- treme dullness prevailed in the bond markct today. The inactivity was evident not only on the “board” but in trading over the counter, where business was almost at u standstill. Interest centers on the Intentions of the Secretary of the Treasury as to meeting government obligations soon to mature. The general opinion to- day was that Mr. Mellon would con- jtinue to resort to short-term financ- ing. but even there he has to meet the cumpetition of the liberty 3%s due in 1928 and now selling on better than a 4% per cent basis, All the United States governments were down today, although in no case were the losses large. Traders Not Alarmed. | Notwithstanding the current reac- ition and fnactivity bond traders are not unduly pessimistic. It is pointed out that many middle-grade bonds are better than preferred stocks of the same class. In the case ;!cf some rail-oad bonds the maturity % g | Most kel ae | 5716 yield of the bond is actually higher than the current return of the pre- ferred rtock. It is perfectly obvious that sooner or later this spread will be lessened. Moreover, as far as can be lcarned, there is no important liquidation ' overhanging the bond market There were a few interesting inci- dents toda Central Foundry -6s sold up more tlan three points on dealings {which were large for this usuaily in- lactive bond. = Central Foundry is a | subsidiary of the Iron Products Cor- peration,” earnings of which are re- ported #s very good. The bond is se- cured by firit mortgage on all the |company's property. = The stock into which the bond is convertible was likewise strong today. St. Paul Bonds Strong. Among railroad bonds those of the St Paul were noticeably flomi in re- sponse to the very excellent earnings |statement for January, which was jmade public at noon interest was shown in the refunding 4!:s. New Haven and the Erie issues fluctuated uncertainly. {Among high-grade investment {ssues |Atlantic Coast Line 4s wcre down 1and Northern Pacific 6s up. | As far as new issues are concerned, {tie bonds seem to have been pretiy | well distributed. but there are stiil | some large blocks of preferred stocks }in tiie hands of the underwriters. IRAW SUGAR FIRMER: ' PRICES AGAIN HIGHER Market for Refined Un- steady. ated Press. NEW YORK. February 28.—The raw sugar market was firmer and prices cents higher, with Cubas ad- jvancing to 5% cents cost and frelght, equal to 7.03 for centrifugal, on sales of 5000 bags of Cubas for March %4 |shipment to an operator. 90 543 484 1014 128% 69% 30 16% 7914 alia 280 60% 94% 254 F 118 54% 34 21% 258 47% 34% 33% 0% 24% 61% % | gathered, firsts, 36%a3 The strength in raws and rumors |that & bullish crop estimate would be {issued from Cuba led to heavy cover- ing and renewed buying by both trade interests and commission houses in Taw sugar futures, with prices at mid- day showing advances of 24 to 31 points. The market for reflned was un- settled, but there were no further changes in quotations, which are listed at from 8 to 9 cents for fine granu- {lated, while the demand is light. | i WALL STREET NOTES. i BT {Goodrich Increases Tire Output. Big Dividend Day. | Special Dispatch to The Star. | NEW YORK. February 25.—The {B. F. Goodrich Company has increas- =d its tire output from 18,000 to 20,000 {tires a day in the past two or three {weeks. This compares with 30,000 tires daily put out by Firestone. i, Ex-dividend today: California Pack- {ing; Eastern K common and {preferred; Hayes Wheel: Norfolk and i Western; Puckard Motor, preferred; Southern Pacific and United Cigar Stores preferred. Regular quarterly dividends today: Manufacturers' Light and Heat Com- pany, Amalgamated Oll Company, { West Coast Oil Company, Vulcan Detinning Company preferred and preferred A, Jones-Laughlin Steel Company preterred, Pure Oil, on 5%. 6 and 8 per cent preferred; Julius Kayser & Co.. Childs Company com- mon and preferred, American To- |bacco Company preferred, Montana { Power Company common and pre- ferred and South Porto Rico Sugar preferred. New York bank clearings, $807.- 000,000; New York bank balances, {$101,000,000, New York Federal Re- serve Bank credits, $66,000,000. Bos- { ton bank clearings, $67,000,000. —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) | Rate—Matarity. March 15, 1923 D 15, 1923 1923 o i@ 4% December 15, 1027.. NEW YORK EGG PRICES. ‘NEW YORK, February 28.—Eggs— Firm; receipts, 17,138 T 15, 1 1934, 1 1 33, Pt Beptember 13, 1824. s Maren 15, 1935....... 1 s December 13, :Rennery ‘whites locally candled, ex- tras, 45; do., uncandled, extras, 43a45; state, nearby and nearby western {hennery whites, firste to extras, 381 a42; Pacific coast whites, extras, 41a | 4114; do., firsts to extra firsts, 38%a 4015 -— Wells-Far Exp. 97% Western Elec pf 113% Western Md.... 13% Western Md 2d. Western Pacific. Weatern Pac pf. Western Union. ‘West Air Brke. . Wi se E1 & M Wheeling & L E Wheel & L E pf. White Eagle Oil 17 64% % 17% 28% 652% 4% 12% 40% *7 b1y ‘Worthington (B) Youngstn Tube. = Low. Last. High, Call Money..... L] L3 HOURLY SALES OF STOCKS. 500 €75.100 {Cubas Advance to 5 1-4 Cents.; boxes. . Fresh G 8; New Jersey | O C. ) UNITED STATES BONDS. Bales. High. Low. Olose. Libsys. 206 10130 10118 10120 Lib1st 4 84 9818 9788 9770 Lib24a 4y 638 9804 9758 9774 . 894 9848 9826 9840 . 1631 9818 9780 9796 17 100 08 100 02 100 08 724 9964 9934 9944 FOREIGN. Bales. High. Low. Close. Argentine 7s 102% 10: Belgium 7%s. Belgium 6s. Belgium 8s. Rerngs.... Bollvia 8s. Bordeaux 6 Brazil 7t Brazil 8s. . Brazil 7% Canada 6s 1926 Canada 538 192 Canada 55 1931 Canada 5s 1952 Chile 8s 1941 . | Chinese Gov Ry Bs. Copenhagen 5%s. . |cubasiaw . 2 i Czechoslovakia 8s. Denmark 8s. Dutch East T 65" Dutch East I 6562 & FramericunID 7% French Govt 8s. French Govt 7 Haitl 6s ctf Holland-Am's f s Japanese lst4:s Japanese 4s. 81% Jergen U M 684 Lyons 6s. Marseilles 6s Mexico bs. 3 Paris-Ly's- Prague 7%: Queensland 6s {Rlo de Jan 88 1945. iRlo de Jan 85 1947. Sao Paulo, City, 88 Sao Paulo.State, 88 | Seine, Dert of. 7s. . | SerbsCrotsSiov 8s. | Sweden 6s. . Swiss Confe Tokio Bs. Ud King'm Ud King'm 516 '37 71 UnSteam Copen 6s. 20 Uruguay 8s....... o MISCELLANEOUS. | Ajax Rubber 8: 1 9 jAm AgrChem 745 8 AmSmelt&R 1st3s. 25 Am Sugar Ref 6s.. 18 AmT& Teltris.. {Anaconda cv db 7s..166 Anaconda 1st 6s.... 49 {Armour & Co 4%, { Atlantic Refin 5s.. Bell Tele PaTs. ... Bell Tele PaSsrcts Eethleh'm Stl rf 58 Beth'm Stl p m 58. . Beth'm Stls £ 6s... Brier H St 1st 51 i Bklyn Edison Bkivn Ed gen 5 Bush T Bldg 55 '60. Central Leather Gs i Cerro de Pasco 8s. Chile Copper Chile Copper 7 ICING&ES5%s'S Con Coal Md 1st Cub'CaneScvd 8s. Det Edison ref és. . Du Pont de N 71;s. Duquesne Lt 74s. Duquesne Light 63 F. Cuba Sug 74s. . | Empire F&G 73%8. | Fisk Rubber 8 jGen Refract'es 6s. Goodr'h (BF) 618, 2 Goodyear Tr 85 '31. 45 | Goodyear Tr 8s'41. 11 Humble O&R 5335, Indiana Steel Gs. .. Int Mer Marine 6s. Int Paper 1st 55 A. {Int Paper 1st 68 B. Kelly-Sp'gfield 8: Lackaw'a S 63’5 Liggett & Myers is Liggett& Myers os i Magma Cop cv 7s.. i Manati Sug st 7%s | Mtdvale Steel 5s. .. Montana Power a. Morris&Co1st 434 New Eng Tel bs. NY Edison 1st 61%s NYGELH&Pbs. N Y Tel 68'41..... N Y Tel 43%s. {N Am Edison 65... N States Pow 0s... Northwst B Tel Ts. Otis Steel §: . Pacific Gas & El sy PacT & T 38'52... Packard Motor 8s. Phila Coref 65 A.. | Public Service 5s. . { Punta Alegre 7s Sinclair Ol 7s..... Sin Crude Oil 5%5. Sin Pipe Line bs. .. South Bell Tel 6s.. St Ofl of Calif 7s. .. Tobacco Prod sf 7s Toledo Ed'n 1st 7s. Union Bag & P 6s.. Unit Drug cv §: U S Rubber 7i%s U SSteel s f 5s. | Utah Pow & Lt 5s. Va-Car Chem 7 Ch T%s sw Warner Sugar 7s.. West Union 612 Wickwire Spen 7s. Wilson & Co 1st 68 i Wilaon&C cv 73%s. 1 Wilson & Co cv 6s. 95% 95% 95% Winch'tr Ams 7125 1 101% 101% 10135 —_— SHORT-TERM BECURITIES. (Quotations furnished by Redmond & Co.) —Noon.— Bid. Offer. 108! 92 © aeSan 108% 108% 91 116% 98 117% 100% 928 204 101 9% 91 107% % 9% 108% - 106 112 87% 108 102% 905 9074 M 9TH 97 97 104% 105% - 9 POOIHERE MRS NHARE R R EENONNE GRS aaRaOReIRBORHaOSS 100% 103% 103 109! 10s 981, 100; 108! 1005 | Kennecott Copper 78 i 104 R oa HeNeIT & Litpy TadddL 1 ibby. Me) w 1661, . . Bt. P. & 8. . 8% 1061 Morria & Cor Tigs 1960. d Tagk Car rn_Unfon Werthouse EI. & 1088. 000 1 tg. 75 981, The Wealth of the Nile. Richard Spillane in the Nation's Business. Salloum McKarzel, Syrian American azine, says the: is no such term as * . Montreal Tm 1st 5s * | Nortolk & W en 4s 1 | Ore & Calif 1st 55.. 9314 | Sou Pactfic clt 4s... 1077 | Southern Ry gn 4s. 100 | Union Pac 1st rf ¢s 139y, | Virginia Ry 15t 1003 | Va Ry & P 1st 6. 981 | Wabash lst 5s..... 861 | Wabash 2d 55 103% | West Shore 1st4a.. 1 9714 | Wisconsin Cent 4s. 15 109% 109% s 0T 9700 Lively Demand Here and Also in 1982 | Canton 20-22, i | :nn Arbor 4 tchison gen Atchison - Chi & Alton 3s. Chi& Alton 3%s Chi B&Q 1st rf bs.. 83 | Del & Hd 1st rf 4s. ;{gv. Del & Hudson 638 Den&Rio G con 4s. D&RGlstrt s Erie 1st con 4 Erie con ext 7. Erio gen 4a. Erie convdsA. Erfeconv4sD.... 1 Gr Trunk sf deb 68 Grand Trunk 7s... Gr North gen 7s. Gr North gen 51 Havana ERL&P Hud & Man ref 5 Hud & Man aj & Tl Central 5148 Int Ran Tran 5s. Int R Transit 7. Int & G Nor aj 65 Towa Central rf 4s. Kansas City § 38 Kan City Sou 68 Kan City Term 4s. Lake Shore 45 '25.". Lake Shore 4s ‘31 Lehigh Valley 6s Louis & Nuni 4s... Marnhat Ry cn 4s.. Market St cn s - Mo Pacific gn 4s. New Or Term ds... O Tex & M in s. ¥ Centdeb 4s. N ¥ Centriss. New Haven cd 6s. New Haven d 4s 57. ew Haven 7 ‘ew Haven 7s NYStateRy 4 Y. W & Bos 434s. @ oo - Lhvann~anaia sevolaaloundeunlinenorvasmalo=ntica Northern Pac 4s. North'n Pacri6s.. Northern Pac §s. 9 Ore Short L ref 4s. Ore-Wash 1st rf 4s Pennsyl gen bt Pennsyl gen 42 Pennsyl 6143 Pennsyl gold 7s Pere Marq 1st 5s. Pere Mrq 1st 4s ‘56 Reading gen 4s..... Rio Grand W cl ¢s. RIArk& L4t StLIM&S4s 29, » o Sou Pacific cv 4s. Sou Paclfic ref 4s. Southern Ry 1st 63 30 =1¢0 0191 =1S 30 0119 = 00 .00 Southern Ry 6%s. Third Averefds... Third Ave ad] b: Union Pac 1st 4s... - PLTSNTUP Y o131 8 | Union Pac cv 4s. Western Md 4s Western Pacific 5s. 17 Wheel& LEcn 4s. 4 TOTAL SALES (Par Value): 1l1a.m.. 2999000 12 noon 5185000 1p.m.. 6632000 2p.m.. 8825000 —_—— SILK PRICES SHOOT UP. Yokohama Today. Special Dispatch to The Star. NEW TYORK, February 28.—Cotton cloths were very firm on the Worth street market today, but the volume of sales was not extremely large. The standard prints cloth, 64 by 60s and 68 by 72s, were quoted at 11% and 123, respectively, and good quanti- ties changed hands at these figures. Sheetings and drills were less active, {per barrel; contract, 4 i breasts, 2 | she Grain, Produce and Live Stock WHOLESALE MARKET. Eggs—Strictly fresh, selected can- dled, per dozen, 40; average receipts, southern, 38. Cold storage eggs, 27. Live poultry—Roosters turkeys, er b Sta3s 3a35; keats, h, 25. per b, 17; spring chlcl;- 0 ng, each, 60; fowls, eac) i Dressed poultry—F'rei chickens, per Ib., 3| er 1b., 26; turkeys, 1913 ng, each, young, Live stock—Calves, choice, per 1b. medium, per Ib.," 12a13; thin, 10. Lambs, choice, :per Ib. 3.0088.00 each; live fruits—Apples, per bbl. Deliclous, No. 1, per bb California’ “oranges 00a6.00; Florid per box, 5.00a6.00. Grape: 4.25. Tangerines, 3.50a5.90. Ve{atlblel—?otnmes, per bbl, No. 1, 1.60a2.00; per sack.’ 2.00a2.10; No. 2, 50a1.00.' Sweet potatoes. North Carolina, 76a1.60; nearby, 5.50a3.00. Lettuce,” per crate, southern, 1.00a 2.00; Romaine lettuce, per crate, 1.60a 2.00; Iceburg lettuce, per crate, 4.00a 480, Cabbage, northern, 2.50a3.00 per nearby cabbage, per bbl. southern, 2.50a3.00 per b Eggplants, per crate, 2.50a5. “Tomatoes, per .00a per ' crate, 00. Peas, Peppers, per Kale, per Spinach. per barrel. T C:Ien‘ crate, sl-'logidlv 2.4 he .50. Bruss , 25235, 3 3 80aamnussels sprouts, '26a3b. Squas GRAIN AND PROVISIO! BALTIMORE, Md., February 28 (Spe- clal).—Potatoes—White, 50a1.35; 150 pounds, potatoes, barrel, 1 260, bushel, 1.00a rots, basket. 50a60. Caulifio 2.0022.50. Celer. Cucumbers, erate. plant. crate, 4.00a6.50. bushel, 3.00a4.00. Egg. . Horseradish, Kale, barrel, 2.00a . Lettuce, basket, 1.5022.50. Onions. 100 pounds, 1.25a: Oysterplants, hundred, bushel, 1.60a1 Peppers, Peas, . 3.0024.00. crate, 2.50a4.00. Radishes, basket, 50a2.00. Spinach, bushel, 1.00 al.25. Squash, basket, 3.00a4.00. To- matoes, crate, 2.0024.50, Turnips, bas. ket, 40a5 Apples, packed, barrel. 2.50a3.00 bushel. 50a1.25: loose. 100 pounds, 1.50 a2.00; basket. 50a75. Cranberries, bar- rel, 8.00a12.00. Grapefruit box., 1.50 a3.50. Oranges, . 3.50a4. Straw- a45. Tangerines, half 3.0024.00. Selling Prices at 12130, 1 red winter, spot, no No. 2 red winter, spot, 3 red winter, spot, no quo- 2 red winter, garlicky. X . 3 red winter, garlicky, no quotations: February, 1.33%. Sales—None. Corn—Cob corn, new, 4.50 and 4.60 spot. 8312 per . 2 corn, spot, 853 ) ino quotations: track corn, yello 2 or better. 90 asked per bushel. al ne. Oats—White, No. 2, No. 3. 54 per bush Ryc—Nearby, 85295 per bushel 3 spot. 941 55 per bushel: per tons; top grade ¥y and light clover, mixed, in moderate demand, at a range of 16.00 to 20.00 per ton, with no surplus of really desirable hay. Straw — No. 1 tangled rv j16.00: No. 1 wheat. 12.00a1Z.36; No. oat, nominal, 12.00a13.00. 35: old toms, 25; poor and crooked breasts, 20; young chickens, 30: poor stags and leghorns, 22a26: old hens, 25a26; small and leghorns, 22a 23; old roosters, 15; small and poor. Dressed poultr: Turkeys, 1b., 30a $5; old toms, 25a Dpoor and erooked young chickens, 28a30 old and mixed. 26a28; old roosters 16a. & capons, Ib. medium, slips. $0a3%. Eggs—Loss_off. native and nearby firsts, dozen, 37; southern, 8. Butter—Creamery, 54:_prints, 54a56; nearby creamery, 47a50; ladles, 35a40; rolls, 35a38; store packed, 35: dairy prints, 36a38; process butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO. February 28 (United {States Department of Agriculture).— Hogs—Receipts, 23,000 head: slow, 3 alo lower; bulk, 150 to 200 averages, 8.15a8.25; to to 325 pound butchers, 22, i light light, 00a8.30; packing sows, smooth, 7.00 40; packing sows, rough, 6.75a7.10; killing pigs. 6.75a8.00. Cattle—Receipts, 11,000 head: mod- erately active; beef steers somewha uneven, generally steady: spots weak: early top matured steers, 10.35; few head long yearlings, 10.50; load heifer yearlings, ; welght 663 pounds; bulk beef steers and yearlings, 8.50a 9. she stock and bulls, slow; steady e veal calves, largely 25 cents | tockers and feeders, firm; bulk desirable veal calves, early, around 1.50 to packers; few upward to 11.00; medium grade light vealers, 9.00 and below: bulk desirable bologna bulls, 4.7585.00; bulk stockers and feeders, Sheep—Receipts, 15,000 head; mostly steady; ly ‘top wooled lambs to kiTlers, 15.35; some held ed buyers active, decks 78-pound lambs at 15.40, and around seven doubles 93-pound Colo- rado at 14.60; fall sorn 84-pound Colo- rado at 14.60; fall shorn, fresh shorn, around 12.25a12.| good wooled yearlings, 13.25. TODAY'S CHICAGO PRICES. CHICAGO, February 28.—Wheat averaged a little higher in price to- day during the early dealings, unfa- vorable crop conditions in parts of the winter wheat belt being the chief bullish factor. Expectance that farm credits legislation at Washington would be pressed to a vote in the House tended further ,to strengthen values. There were predictions also that farm deliveries for the next two months would be light. The opening, which varied from unchanged figures to % off, with May 1.18% to 1.18% and July 1.15% to 1.151;, was followed by an advance all atound to above yesterday's finish. higher: but pajama checks were strong at 13 cents. Raw 9.01 8.90; best number 1, 8.873%; Kansal number 1, !.IB'&C-Inlon 14-16, 8.30; Woolen Sales Heavy. BOSTON, February 28.—The summer street wool market was firm, but not active today. Woolen goods, how- Corn and oats were firmer, traders taking their cue from the action of wheat. After opening at 1 decline to a like advance, May 74% to 74%, the co:n market scored slight general gains. Oats started unchanged to Xa¥ higher, May 44% to 44%, and later held near the initial figure: Provisions were {nactive and with- out material change. ever, are selling on a big scale, and | Ma) dealers .are confident the mills will ]®% 1 have to enter the market for raw wool shortly. The high prices being | yaa: paid in Utah, where some clipa have |} been contracted for in advance at better th 45 cents, ‘e taken here to indicate that high through the local districts. —_— PARIS BOURSE FIRM. PARIS, February 28.—Prices were firm on the bourse today. Three per editor. of the e‘-xnt rentes, 68 francs 65 centimes. change on London, 77 francs 22 can't afford it” [centimes. Five per oent loan, 74 francs in_the near. east.. To illustrate it he |80 centimes. tells this story. Toward the close of the worls Nile valley came to Cairo. crop of long staple cotton. 8% | fabulous price for it, ‘for cotton was at the ‘hest since the civil war. He was barefoot and r 4,000 he receiv make him ent for life, but he craved an autome Ry ‘was sufficient cofaparatively independ- | gent.. | per_ce: The doliar was quoted at 16 francs d war-one of the fellaheen of {39 centimes. y R BAR SILVER QUOTATIONS. LONDON, February 28.—Bar silver, The_more |31%d per ounce. Money, 2% per cent. Dtsoot 1, A S PR ort it NEW YORK. Pebruary 23.—Fore bax aliver, $4%. Mexican dollars, 0%, rices will remain | May ATLANTA, February 28 (Special).— The building of suburban homes con- tinues here at a feverish pace. New subdivisions which have been recently built up have forced building of two street car extensions in the last week. ——e BUTTER PRICES LOWER. ), Feb; 28.—Butter— Lower; creamery extras, Bi%k: stand- 52; extra firsts, 49a50% 47248; seconds, 45a46. E[:I—H er; 28 rats, 33%; rece 1 casel ok firsts, 30a31: miscellaneous, D ordinary 313532, No. | pound 51 taking four | 92-pound ", TOBOOM SALES Merchants Planning Specia Campaigns at Once While “Selling Is Good.” BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, February 25— Pro- ducers, manufacturers, distributors and merchants are determined tc speed up sales “while the selling it Bood." They are going to use th 8pur of newspaper advertising to d: it. “The current year, in my oplnion Will see the greatest volume of news- paper advertising on record,” todas sald Louis C. Pedlar of Barton. Dur Stine & Osborne, large advertising agents, in volcing the opinfon ex- pressed by many other big nationa advertisers and experts. These agreed production i3 abou! 10 per cent above normal, buying it equally above mormal and - cmploy ment i above normal. Customers have the money to buy. Trend of produc tion, employment. buying power and impulse ig In evidence on every hand For example the American Wooler Company formally withdrew al fall lines today. Orders have bee heavy for some of these that t will "be prorated among custom Cotton 1s above 30 cents, as was co reetly predicted in_ thes colums months ago, Steel prices are advanc llng. oil is following suit and copper is approaching 17 cents a pound. Merchants' Quick Sales. Merchandisers., therefore, & de termined to run their sales totals ar high as possible in the next few months before there is a possibilit of a revolt against prices b sumers or untoward influence throug! crop conditions. Conditions probabiy will continue good throughout the year, but merchants feel certain t will 'be _good four months and golng after immediate business int through newspaper advertising “Newspaper advertising is becorr ing more of a factor every day. said Mr. Pedlar, “for covering terr torial distribution when quick sale: are desired. National magazine ud vertising does not usually bring suc quick sales results, but follows adv: tageously a territorial newspap campaign. Many manufacturers tlonally known, are going to u newspaper display extensively in tl next three months as a means quick sales. I know of one mak of a widely used product who ha outlined & special territorial paign in newspapers which will for quick expenditure of at $100.000.” Fruit Growers Campaign. It became known today from rel able sources that the $100,000 appro priation for newspaper advertising of the Sun Maid Raisen growers fo: their crop vear, which began fall, will not be cut down. probability it will be although appropriations designed fo: national magazine and poster adver tising_will be materially curtalled leas crop in prospect. They are placing re liance on newspaper advertising for quick results. It is indicated that large portion of this advertising wi g0 to newspapers in towns of mode ate population as well as to the larg: centers. Tin and Tinplate Are Tp: Tin plate prices have been raised b the subsidiary of*the United State Steel Corporation to $4.95 a hundre pounds. i Independents have put them st higher and tin meta] has reached the high level of 45 cents a pound. Can- ners, in consequence, are &curryine around to fill requirement for | season which they confidently expect iwill show tremendous packs of food products. { Metal mining conditions are rapid | improving in the west. The Utah cop- {per properties have succeeded in se- |curing an additional force of skilled ‘miners and the output from the 7 tana properties as reflected in c. loadings is_increasing steadily, b not so fast in proportion s the 3 of the red metal is rising. | Colored Labor Leaving Many Farms in South Special Dispatch to The Star. NEW ORLEANS, February 28.—The labor situation in the building trad. in the south is becoming acute an the shortage is not confined to skillec workers. There has been much dela: n completing bulldings now unde: construction, due to labor shertage ! This has been especially acute in the case of plasterers. A noticeable exodus of negro labe ito the northern and eastern industri progress. Reports fron the Mississipp! delta country are tc |the effect that hundreds of farm houses are vacant as a result of de parture of negro tenants. This move ment is expected to be a very ma- terial factor in_planting. cultivating and harvesting 1923 crops. Demand for Building Materials Is Very Heavy Special Dispateh to The Star. . | "CHICAGO, February 28.—Strong dc mand_for bullding ~materials fron I both big-line yards and country re {talers has resulted in the reopening |of many plants usually closed at this season to replenish stocks of sand gravel, brick, cement and other staple building materials. Cement and face brick continue very scarce today. ‘Automobile and freight car manu facturers continue active in their d mand for steel from mills in this se tion. The latter are booked throu tie second quarter. Freight cars t ipe built In this section will require 34,000 tons of bars, plates and shapes —_— ALIENS IN CUSTODY. Officials Rounding Up Persons Smuggled Into This Country. TALLAHASSEE. Fla., February 28 —Five Japanese, claimed to be mem- bers of the band of approximately twenty-five aliens who were smug gled into the country in the neighbor- hood of Carrabelle Monday night. were in jail here today. awaiting ad- vice as to their disposition from fed- eral authorities. Fifteen others were in custody at Carrabelle. Officials described it as another in stance In which the constant flow of smuggled allens through the Florldu coasts had miscarried and the mer were apparently dumped onto shores near Carrabelle from a vessel some- time early Monday night. Sheriff's deputies of that place got word of their coming and went after them. Several escaped. —_— FIND POISONER INSANE. Jury Orders Man, Who Sent Can dy, Held in Institution. LONDO! February 28.—Walter Tatam, horticulturist of Balham, ar rested for sending poisoned candy to Sir Willlam Horwood, head of Scot- land Yard, was fownd insane by : jury today. The presiding judge ordered him detained {n an institu- tion. ;"l‘n candy was sent to Sir Willlam on November 9. He ate some of it and ecame seriously ill, but I’Eflovlfld‘ {centers is i b Similar boxes were subsequently sen to, other Scotland Yard officials, \ \ 1 A