Evening Star Newspaper, March 1, 1923, Page 28

® FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office ’ 28 PRICES GO HIEHER | ., THURSDAY, IMORE CONFIDENCE | [~ 5w voxx BONDS oce seomwer] Received by Private Wire Direct to The Star Office. - A FINANCIAL." PRICE OF RAW SILK Grain, Produce and Live Stock - INSTOCK NARKE Forward Movement Carried ¢ Still Further in Day of . Very Lively Trading. Adams Express. Adv Rumley Adv Rumley pf. Alr Reduction. Ajax Rubber. ... Alaska Gold. All Am Cable Allied Chemical. Allled Chem pf. . Allis Chalmers. | Am Agr Chem. AmAgrChempf. Am Bank Note Am Beet Sugar. Am Bosch. ..... Am Brake Shoe. Am Can.. Am Can pf. Am Car & Fdy. Am Car & F pf Am Chicle Co. .. Am Cotton Oil. , Am Cotton Oil pf. Am Express.... AmHide&Lea pt AmIce Am Internat’l. Am La France. . AmLaFrancepf Am Linseed. ... Am Locomotive. Am Metals. . Am Radiator. Am Boll Mill pf. Am Safe Razor. . Am Ship & Com . Am Smelting. Am Smelting pf. Am Snufr. . Am Steel Fdy Am Steel Fdy pf Am Sugar Am Sugar pf. Am Tel & Teleg. BY STUART P. WEST. *NEW YORK. March 1.—Throughout the greater part of today's session on the stock exchange there were 1O signs of let-up -in the forward move- ment. The pools seemed confident of their control and continued to mark up pri -k after another with the utmost boldness. With the copper metal quoted at cents mearly all the copper and smelting stocks reached new high Butte and Superior was the of the zince stocks on the strength of the president's state- ment accompanying the report for the December quarter that the pres- nt high prices of zinc were likely to last through the year. Studebaker Taken Up. After hanging fire for several davs Studebaker was taken up again viz- interest in this during the past be uncommonly International Paper was an- that came into prominence nterval of nn-glvt‘l“'l'llv ffil 1:2 Since the middle of la Lhowing in the 1922 report, f;m zoh-cco._,_ alizes that the paver indus-!Am Tobacco (B) ;' profitable basis now and {Am Tobac pt (n) heen rather afraid of a disap- { Am Woolen. Am Woolen p Am Writ Prpf. . Am Zinc & Lead. Am Zinc&Ld pf. Anaconda % Art Met Constn. Assets Realizn Asso Dry Goods. Asso DryG 1st pf Associated Oil. The short imulated 15 said to Jusly ¥ roleu and California Petroleum wete the leaders of the oils, the former feeling the effect of wecently published estimates that earnings are running over $20 a share. Can Goes Above 104, New highs were made in American Can above 104 1d in American Wool ihove 107. United States Realty sold Above par for the first time. Public | Atchison. Service of New Jersey and Philadel-1aichison pr phix Company were the SII’OI)KPW{ Atlan Bir & Atl, amo, the public utilities. Susar{j g n e 0 [; quick to move in sym- R k? With' the renewed rise in raw | At Fruit ctrs. H Punta Alegero in par- { Atlantic Gult ing 60 on intimations|Atlantic Gulf pt piial dividend will be Atlantic Ref.... the end of the year.” |Atl Refining pf. tlas Tack. . Review and Outlook. s Ta finuncial situation continued Austin Nichols. present the same general lpaiqaeinToco. .. acies that it has all week. Fur-{phig @iy oto: s activity, for the most purt &% | Baito & Ohio. ... S M With no signs | Barnesdall (A). fresh advance in the invest- | Batopilas Mining ond list: very small fluctua- | Bayuk Bros.... he foreign eschanges and | Beechnut Pack. idences of increasing spec- | Beth Steel in some of the commercial | Beth Steel (B) » were agin the essential { Bath St1 7% (n). Beth Steel 8 pf Booth Fisherics. Bklyn Edison. .. Bklyn Rap Tran Bkiyn R Tretfs. Burns Bros (A). Burns Bros (B) . Burns Bros pf.. Butte Copper- Butte&Suverldr. Butterick The today tend ore ulation market exchange operations were onee more favored by the easy mon conditions. eall funds rencwing at por cent and dropping later to 41z « Centx. ost interesting incident in P hews of the day was the ‘copper metal quotations to Iihat is. an advance of nearly « und since the outset of 1 ye ituation S i *the same as that he umers have l W to the reality cind a4 have dwindling surplu: an found themselves confronted Jtet which was rapidly get- Undoubtedly speculation part in the copper ad- it has in the sugar market, fundamental position is that, eording to reliable computations, the bresent unseld stock of copper is 10,000 pounds, whereas on the 1st of Junuary, it was 700,000,001 pounds. Public Viry Cautious. ; ‘here was no change today in the T iter of the stock market from ww hecome familiar. Evi ing outside !nte\':e!! \rd to detect. _The main im- ‘me from the Wall street pools e professional traders. These ure working with a strong und in the promising busi- < outlook. and the consequent dis- Tination of investors to sell. But, ‘oved on three occasions 1 " comes a time when even outside surroundings are measured by the rise in prices. In other words, while asy to set limits upon a movement like the present, yevitable sequel is the discovery S 4 ; rried to excess resulting need for more or astic adjustment. Sloxe Shefeld Strons. Sloss Sheflield continued today to reflect the improvement in the pig fron industry. Prices have been cteadily advanced but this has not irtailed business in the least. One sympany is reported to have booked dders for third quarter delivery at Stock The the tra adv California Pack. Calif Petrol.... Calif Petrol pf. Callahan Zine. . Calumet & Ariz. Canad'n Pacific Case Plow W' Central Leather Central Leath pf Cerro de Pasco. . Certain-Teed. Chandler Motor. Ches & Opf wi. Chi & Alton. Chi & Alton pf. Chi & East 111 Chi Great West. Chi Great W pt Chi Mil & St P. ChiMil&StPpt. Chi & Northwn. Chl & Nwn pf. Chi Pheu Tool. . ChiRT & Pacific Chi R 1&P 6% pt Chile Copper. ... Chino Copper. CCC & St Louis Cluett & Peby pf Coca-Cola. Cocoa-Cola pt. . Colo Fuel. Columbia Gas. .. Columb’a Graph Com Solvents A. Comp Tabulator Conley Tin Foil. Cons Cigar..... Consol Gas new. Cons Textile. . Cont Insurance. Cont Can.. Corn Products Continental Mot Cosden & Co. ... Crucible Steel.. Crucible Steel pt Cuban-Am Sug. Cub Am Sug pf.. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'ican. Cuban Dom Df.... Davidsen Chem. De Beers. . Deere Co p! Detroit Edison Dupont (ED).. Eastman Kodak { Elec Stor Bat Elk Horn Coal Emerson-Brant. Endicott-John. . Endicott-Jno pt. Erfe.... . Erfe 15t pf. Exchange Buff. FamousPlayers. Fed Mines & Sm. Fd Mines & S pf. FifthAvBusw i. Fisher Body . Fisk Rubber. Fleishman. . Freeport Texas. Gen Am Tk Car. Gen Asphalt. Gen Asphalt pf. Gen Cigar . Gen Electric. . Gen Elec spl w Gen Motors. ... Gen Mot 6% deb. Gen Mot 7% deb. Glidden Goldwin Corp. Goodricn. Goodrich pt Goody'r pr pf wi. Granby Consol Gray & Davis. Gt Northern pt Great Nor Ore. Gt West Su pf.. Greene-Cananea Gulf Mo & Nor. . Gulf Mo & Norpf Gulf St Steel.... Hartman Corp. . Hayes Wheel. Homestake. .. Houston Oil..... Hudson Motors. Hupp Motors. .. Hydraulic Steel. Illinois Central. Indiahoma..... Indian Refining. 111 Central pt Inspiration. .. Interboro Met. . Interborough pt InAgaChemical Int Cement. InCombusti nt & Grt North. Int Harvester. . Int Harvester pf 1lnt Mer Marine. Iy ivorahle than urther buyving of Philadelphia Company today was based on the be- liefathat the directors at .the forth- yming meeting would increase the dividend from the present $3 annually to $4. g OB of the things which for quite some time has _been a detriment in ihe Chicago, Milwaukee and St. Paul situation is now said to have been This was the liquidation ptionally large account for y's richest men, This Selling has been going on for some fime, and thousands of shares are said to have been forced on the mar- ket Late Trading More Quiet. Trading in sotck quieted down somewhat in the afternoon. and in some of the early leaders prices came down a bit. But following the usual tom, where former favorites were 1o rest new ones were promptly found to take their place. Copper shares, with the exception of the Anaconda, were inclined to sag off in the te trading. Steel shares, with one ¢ wo exceptions, did not follow up Wednesday's demonstration, which came with the midweek reviews and the highly favorable picture they save of steel trade conditions. Mean- While the remarkable January traffic Statements still failed to evoke any response in_the railway list. This ciass of stock was neglected (Copyright, 1923.) CAR SHORTAGE GROWING LATEST REPORTS SHOW The demand for freight cars in ex- ss of the current supply on February TS atcording to reports just filed with the American =~ Railway Association, P ted to 72,855, an increase over imal iures for February 8 of 2,333. The shortage in box cars totaled 27,200, an increase over February 8 of 1,793, while the shortage of coal cars ad- vanced to 38,132, an increase of 506. The shortage of stock cars totaled 1,114, « decrease of 159 for the week, while another decrease was shown in the record of refrigerator cars, the short- in which amounted to 1,929. urplus_freight cars in good repair totaled 27,172, according to the latest compilation. This was a decrease of since February 8. —_— FOREIGN EXCHANGE. March 1, 1923—12 m. (Quotations furnished by W. B, Hibs & Co.) Nominal Selling checks gold value. today. 4.8065 4 1e Jandon. pound. Aonteeas. doil erlin, Rome," lira. Zurich, Athens, Madrid, Lrague, rown: Warsaw, mark. Copenhagen, ero Int M Marine pf. 1nt Nickel. . . Open. High. 2% 72% 17% 17% 50 50 6315 13% Y 102% % 111% 50% 34 67 86 - 4614 48% 8 Tow. Close. 2% T2% 1T 17% 50 50 63% 640 134 13% Y% Y 102% 102% 1% 8 & 111% 111% 50 50 34% 35 .67 67 86 86 45% 45% 48% 49% 78 8 4 102% 108% s 113% 113% 185% 186 1231 123% 9y 9% 17% 17% 30% 30 13814 142% 2% 72% 107 616 14'5 25% 43% - 85% 117% 89Y% 36% 84 3015 81k 813 106 77 9414 2915 108 215 43% % 184 377 667 1315 100 49 135 10 59 80% 941 34Y% 102 18 58 10% 56% 35% 274% 1% 110t 118% 110% 58% .186 11% 15% 85% 100% 11 615 87 90 98% 30% 14% 8% 34y 105% 321 18t 58 92% 93 38% 69% 73% 29% 25 5% 116 14 6% 117 42% Y% 5 9'% 40% 24% 23 95% 114% 92 38 69% 2% 29 24% 5% 116 14 6% 17 42% % ] 94y 40% 24 23 94% 114% n7 43% % kd 9% 40% 25 23 94% 114% 95% 114% 10% 10% 10% 10% 40% 42 40% 42 15% 15% 16% -16% Int Nickel pf. Intl Paper...... Intl Paper (sta). Int Shoe. Int Shoe pf...... Intertype Corp. Invincible Oil. Iowa Central. .. Iron Products. Island Oil Jewel Tea. Jones Tea 5 Kansas & Gulf.. Kansas City Sou Kansas C Sou pf Kayser (Julius) Kayser (J) pf... Kelly-Spr Tire Kennecott. Keystone Tire. . Laclede Gas Lee T & Rubbe: Lehigh Valley. . Liggett & Myers. Lig & Myers pf. Lima Locomo Loews Inc Loft Inc. Lorillard (P). Loose-Wiles. Louis & Nash Mack Trucks. .. Mack Truck 1st. Mack Truck 2d. Mackay Cos.... Mackay Cos pf. Magma Copper. Mallison & Manati Sugar. . Manati Sugar pf Manhattan E cts Manhattan Shirt Market St Ry... Market St prior. Market St pf Market St R Marland O11 Martin-Parry.. Mathison Alkill. Maxwell (A)... Maxwell (B)... May Dept Stores McIntyre Porcu. Met Edfson pf. . Mex Seaboard. Miami Copper. . Middle St Ofl... Midvale Steel. .. Minn & StL (n). Min S S S M. M StP&SSM(LL) Mo, K& T Mo, K & T pt wi. Mo Pacific. ..... Mo Pacific pf. .. Montana Power. Montgom'y W'rd Moon Motors. .. Mother Lode. ... Nash Motors. Nati Acme. tl Biscuit w i. t1Cloak & S. . tl Enameling t1 Lead. . 1 Lead pf.... t R of Mx Ist. Natl Ry of M 2d. Nevada Copper. N Or Tex & Mex. N Y Air Brake. . N Y AirBrk (A) N Y Central.... N ¥ Dock. NYNH& Hartfd. NY O & Western Norfolk South. . Norfolk & West. North Amer wi.. North American North Amer pf.. North Pacific. . . Nov Scotia Steel Ohio Bdy & Blw. Oklahoma Prod. Orpheum Circuit Otis Elevator Otis Steel.. . Owens Bottle. Pacific Gas & El Pacific Mail PacificOil...... Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Parrish & Bing. Pennsylvania dison pf. eabd Stl. People’s Gas. Peoria & Last. . Pere Marqudtte. Pere Marg pf Pere Mrq prpf. Philadelphia Co. Philadel Co pf.. Phillips Pete. .. Pierce-Arrow. .. Plerce-Arrow rts Plerce-Arrow p Pierce Oil . Pierce Oil pf. ... Piggly-Wiggly. Pitts Coal. . Pitts & W Va... Pond Creek Coal Porto Rico Tob. Postum Cereal . Fressed Stl Car. Froducers& Ref. Pub Serv of NJ. Pub Serv pf Pullman Co Punta Alegre. PureOil..... | Pure Oi18% pf.. | Railway Stl Spr. Ray Con Copper Reading..... Reis Robert pf. Replogle Steel. . Rep It & Steel. . Reynolds Spring Reynolds Sprrts. Rey Tobac (B) Rey Tob pf B. Royal Dutch. St Joseph Lead. . St L & San Sr. StL & San Sr pf. St L Southwn St L Southwn p: San Cecilia Sug. Seaboard Air L. Seaboard A L pf Sears Roebuck. . Seneca. Copper. Shell Tr & Tran. ! Shell Union Simms Petrol Simmons. . Sinclair Oil. Sinclair pt Skelly Oll. Sloss-Sheffi Sloss-Sheff pt. So Porto Sugar South Pacific. .. Southern Rwy.. Southern Ry pf. Spicer Mfg Co.. | Stand Milling., . St Oil of Calif... StOilof NJwi. StOilof N J pf.. Steel & Tube pf. Sterling Prod... Stew’t-Warner. Stromberg Carb Studebaker. Submarine Boat. Superior Oil. ... SweetsCoofAm. Tenn Copper... . Texas Company. Tex Gf Sulphur. { Texas & Pacific. | Tex & P C&OIl. . Third Avenue. .. Tide Water Oil. . Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Prod pf. Tol St L& W pf. Trans Contl Oil. Twin CR Tran.. Union Oil Union Pacific. .. Union Tank Car Un Tank Cr pf.. Un Alloy Steel. . United Drug. United Drug 1st United Fruit. ... United Ry Inv.. Utd Ry Inv pf... Unit Retail Strs. U S Cast Ir Pipe. U.S Caat Ir P pt, Wit - Open. High. 77 % 54 b5% 72 2% 681 68% 120% 120% 40 41% 17% 1T% 5% 5% 56% 06 5% o 21 22% 67 b7 2% 2% 23% 23% 56% 66 43 43% 103 103 63% 64 44% 45 9% 9% 85 86 28 27'% 6815 68% 209% 209% 117% 117% 701 T1% 20% 20% 10% 10% 175% 60 150% T6% 43 18% 4674 71ty 24% 234 13% 103t 15 4 64% 69 13013 113 9% 4% 1T 93 38% 16% 15% 274 34 96% 13% 52% 81% 60 93% 33% 70 25% 85 62% 434% 116% s 105% 661 102 84% % 121% 1% 6% 2 12% 51% 61 26 23 18% 143% 40 59 8415 112% 53% 12 61% % 142% 89 111% 35% 84 48 178 19% 50 821 337 Low. 7 b4 72 681 120% 39% 17% 209% 117% 69% 19% 107 174% 57 149% 103t% 14ty 4219 64% 681 130 1131 9 4' 167x 924 364% 4913 9T% 2 19% 19' 143 114 23% 115% 46% 9% 29's 11 1% 12% 513 60% 25% 22% 17% 138% 39% 57% 837% 112% 53 1% 60% W 415 9 131% 5l 83% - 48 177 18% 48% 80% 32% For Revistd Close of Stock Market see 5:30 Edition of The Evening Star. Close. 1% 66% sl 68% 120% 39% 17% il i | i | l 1 { 4% 7 12 | 893 11% 38% 151 15% 271% 33% 96% 13% 51% 813 594 92% 331 70 24% 85 62% 434% 116% 104% | 65% 101% 84 120% 1% 61 1% 124% 51% 60% 25% 23 17% 143% 40 58% Bas 112% 53% 12 60% % 141% 89 111% 35% 88% 48 178 18% 49% 81% MELLON T0 TAKE UP { Minister Astrom Ready to Outline I Dr. Astrom would outline { noted -IN BOND MARKET Liberties, However, Remain Reactionary—Rail Issues Are Stronger. BY GEORGE T. HU Special Dispatch to The Star. NEW YORK, March 1.—A shade more confidence was shown in the bond market today with the one ex- coption of the liberties, and even here net changes were irregular. Dealers in United States govern- ment, however, continue pessimistic, and the prediction was freely made today that the Secretary of the Treas- ury would have to pay 4% per cent to refund obligations maturing on the 15th of the month. If this view should prove to be fincorrect quota- tions for liberties would doubtless advance. 'Meanwhile the Influcnce of the British government as potential buyer has been entirely overlooked. Question Js Puzzling. i Another questlon as to the answer to which opinion varies widely Is how far the Federal Reserve Board will go toward checking inflation in com- modities. A generul rise in the Te- discount rate would obviously further depress the price of the highest grade of investment securities The firmer tendency shown in the semi second-grade bonds. St. tions, for instaiice, were y firm,” as was natural in_view of Wednesday's excellent earnings state- ment. Both the refunding 4’:s and the convertible 4%s advanced today Erie bonds also did better, though here there was no par stimulus in the January statement of results. The prior lien 4s advanced a point, and the convertible “D" 4s made a fractional gain. All the| throe series of convertible 4s are now selling above the keneral lien 4s of 1996. As far as the railroads’ pfop- erty goes. the latter are the senior obligations. The strength of the so- called convertible 4s lies in their sec- ond lien on the stock of the Pennsyl- vania Coal Compa Missouri, I ES. s principally peculative n nd Texas adjust- ments and aboard Air Line 6. were other speculative bonds to show | advances. There was nothing parti- cularly In the foreign list. Argentine s sold at a new high. FINLAND DEBT PLAN Funds Aims of His Gov- ernment. The minister of Finland. Dir. Axel Leonard Astrom, today made an ap- pointment with Secretary Mellon for tomorrow. to begin preliminary con- i versation on the refunding of thel Finnish government's debt to the United tes, amounting to $8.- 281,928 in principal and about $1,- 150,000 in accrued and unpaid inter- est. Mr. Mellon, who is chal American Deft-Funding said today he had no ki the Finnish plans, but a man of the Commission, owledge of med_ that his govern- ment's program for presentation to the American commission. The loans to Finland were made after the drmistice, and were in the nature of credits to aid in recon- struction and rehabilitation i TO $97.50 PER TON| CHICAGO, March 1.--Cabbage rose from the ranks of the lowly vege- | tables to heights occupied by aristo- rats of the kingdom last week, figur- ng in a sensational price spurt that | sent quotations as high as $37.50 ton for new Texas stock, the United States bureau of agricultural eco- nomics said toda The record price for the season was set at St Louls, but proportionately high pr wera elsewhere. Even _increased carload shipments from New York and Wisconsin failed to check the rise. Light shipments from the south, heavy shrinkage of storage stocks and relatively light storage holdings tended %o excite the market. Specula- tors were reported operating at ship- ping points in western New York, Three years ago old stock sold ® high as $130 a ton, but since it ha seldom brought more than $75, ard usually averaged $25 to $30 in Febia- ary. Onions gained in popularity, 760 carloads arriving at the various mar- kets dally. Apples were recelved in greater abundance, but prices ollpibed steadily. Gains of 5 to 10 cents - hun- dred pounds were reported fo' pota- toes at shipping points, due 1, ship- ment being curtailed becaus: of re- cent severe weather. Low temperatures in Texas ed the spinach harvesting : ments fell below the averag . FI rida lettuce shipments also iecreased while the California output increase 1amper- 1d_ship- NEW YORK EGG FRICES. | NEW YORK, March 1.—Eggs un-{ settled—Receipts, 18, crates. ¥resh iathered, extra firsts, 40; do firsts. 38a39; New Jersey 'hennery whites, locally candled extras, 4. state and nearby hennery brown: extras, 43a45; Pacific coast whites, firsts to_extra firsts. 39a40%; 8% 22 0% 103 106% 6044 10275 4 42% 46% 107% 120 76 8% 19% 70 987% 105 59% 1025 41% 46% 106% 120 T4 221 42% 57 24% 6% 1% 10 29% 42 12% 971 13 13% 23 19% 8% 21 0% 103 106% 59% 1027% 42% 46% 107 120 4% 23 Express. ... Hoffman Mct Indus Alco. . USSmelt&RpL. U SSteel..:... U SSteel pf. Utah Copper. ... Utah Securities. 23 ‘Vanadium Corp. 434 Van Raalte..... 57 Va-Cr Chemical. 26% Va-Car Chem pf 67% Vivadou........ 18% Wabash. . 10% Wabash pf (A). 30% Waldort System. 48% Web & Heilbrn. 134 Wells-Far Exp. 100% ‘Western Elec pf 113% ‘Western Md.... 13%° ‘Western Md 2d. 23% Western Pacific. 119% ‘Western Pac pf. 604 Western Union. 116% West Air Brk 118 Westhse El & 64% Wheeling & L 10 Wheel & L E pf. 17% ‘White Eagle Oil 2874 ‘White Motor. . b4% ‘White Oil. 4% Wickwire. 12% 427 57 24% | 67% | 18% | 10% 30 43 13% ¢ 100% us ! 13% | 234 19% 60% | 116 18 64y | 10 174 | 28% 53% 4% 124 ¢ | Bell Tele Pabsrets { Bethleh'm St rf 53 i Goodr’h (BF) 6 {CABBAGE PRICES SOAR | i Int Mer Marine 6s. For Révised Close of Bond Market.see 5:30 Edition of The Evening Star. | (Bales are in $1,000.) UNITED STATES BONDS. Sales. High. Low. Close. Lib3%m.. 65 10126 10116 101 22 Lib2d4s..... "1 9858 9858 9858 Libist4%s... 73 9808 9792 9800 Lib2d 4% 282 9784 9764 9774 Libsd 4ip... 286 9850 9834 9846] Lib 4th 41,s... 620 9806 9782 9790| Victory 4%s.. 119 10006 10002 10004 US4%s1952.. 58 9958 9936 9944 FOREIGN. Salen. High, Tow. 108 102% 99 984 94 93% 97% 9T% 112% 111 93 92% 76 5% 831% 82% 95% 95 103 102% 100% 100% 101% 101% 101 1005 99% 99 104 103% 104% 104 521 52 110 110 89 88% 99% 99% 891 882 109% Close. 102% 98% 94 974 111 93 76 82% 95% 103 100% 101% 100% 99% 104 104% 52 110 88% 99% 89% 109% 97% 94% 93% 87% 96% Argentine 7s Belgium 7%s Belgium 65 Belgium 8s Brazil 8s. Brazil 71 Canada 65 1926. ... Canada 6 Canada 55 1931. Canada s 1952. Chile 851946 Chile 851941, ..... Chinese Gov Ry 5s. Christiania 8s. Copenhagen 53s. . Cubabl4swi..... Czechoslovakia 8s. Denmark 8s. Denmark 6s. Dutch East T 6547 Dutch East I 6562 Framerfeun1D 7% French Govt 83 French Govt 7 Halti 6sctfs...... Holland-Am s f 6s. Japanese 1st 41cs. Japanese 2d 4% Japanese 1s. Jergen U M 6: Lyons 6s. . Marseilles 68 Mexico bs Mexico & Mexico 4s Montevideo Ts. .. Netherlands 6s. Norway 8s..... Norway 6s ctfs. Paris-Ly's-Med 65.103 Prague 7%48.... 109% 9% 94 9314 87% 5 2 5 1 31 2 3 Queensland 7s Queensland 6s Rio de Jan 8s 1946, Rio de Jan 8s 1947. Sao Paulo, City, 8s. Sao Paulo,State, 88 eine, Dept of, 7s. . Serbs CrotsSlov 8s. weden 6s. p sConfedsf8s. Tokio bs 2 Ud King'm5 o Ud King'm 512837 2 MISCELLANEOUS. Ajax RubberSs... 2 98% 98 Am AgrChem Tizs 20 1031 Am Cotton Oil 5s.. 1 T4 AmSmelt&R 1sts. 14 AmSugarRef6s.. 7 AmT& T cv 6s. AmT & Tel tr bs. AmT& Teltr4 Anaconda cv db Anaconda 1st Armour & Co 4145, Atlantic Refin 5s.. Bell Tele Pa 7s. Beth’'m St pm 5s.. Beth'm St1sf 6s... Brier H St 1st 5%s, Bklyn D. Bush T Bldg 55 '60. Central Leather b3 Cerro de Pasco 8s. Chile Copper 6s... Chile Copper 7s... Con Coal Md 1st 53 Cub CaneScvd Ss. Det Edison ref 6: Du Pont de N 73s. Duquesne Lt Tls. Duquesne Light 6s E Cuba Sug 55 Empire F&G 7 Fisk Rubber §: Gen Elec deb 5s. .. tes. Goodyear Tr 8s '31. Goodyear Tr 8s"41. Indiana Int Paper Ist 55 A. Int Paper 1st 5s B. Lackaw'a S 53'50 Ligzett & Myer: Liggett & Myers 5s Magma Cop cv 7s. Manati Sug sf 743 fexican Petrol 8s. fch St Tel 1st 5s. Midvale Steel 53 Montana Power s. New Eng Tel 5s. .. NY Edison 1st 6%s N Y Tel 6s°41. NY Tel 4%s. N Am Edison 6s States Pow bs Morthwst B Tel Otis Steel 8s... Pacific Gas & E15s PacT & T 53'52... 93%% 90 10775 101 1% 91% 107% 107% 10re & Calif 1st 5s.. O Short Lcn 55 °46. Packard Motor 8s. Phila Coref 6sA.. Publio Service b Punta Alegre 7s. Sinclair Oil 7s. Sin Crude Of1 5%s. 39 Sin Pipe Line5s... 3 So Por Rico Sug 7s. St Oll of Calif 7s. Steel & Tube T: Tide Wat Oil 61 Union Bag & P 63 nit Drug cv §s USRub 1strf5s.. U S Rubber 7%s. USSteelsf s Utah Pow & Lit 6s. Va-Car Chem 7s. .. Va-Car Ch T%s sW West Union 61¢s.. ‘Wickwire Spen 7s. Wilson & Co 1st 63 Wilson&C cv 1%s. ‘Wilson & Cocv 6s. 1 WHITNEY WEDDING WILL BE VERY QUIET AFFAIR Only Small Number of Guests to Attend Ceremony in Holy Trin- ity Church, Paris. By the Associated Press. PARIS, March 1.—The wedding of Miss_Marie Norton, daughter of Mr. and Mrs. Sheridan S. Norton of New York, to Cornelius Vanderbilt Whit- ney, son of Mr. and Mrs. Harry Payne Whitney, which will take place in Holy Trinity Church on the after- noon of March 5, will be very duiet, with only a small number of the in- timate friends attending. The bride's dress will be of white satin and chif- fon, with a long court train and a long veil with orange blossoms. The honeymoon trip of the couple will be to Italy, with visits to Venice, Florence, Rome and Naples. PR ——— DIVIDEND DOUBLED. Utah Copper Jumps Rate for Cur- rent Quarter. NEW YORK, March 1.—Directors of the Utah Copper Company today doubled the dividend rate, increasing it from 50 cents to $1 a share for the current quarter. 100 85 113 100 98 86% 1007 106 102 102% 9613 112% 874 108 102t 90% 96% 96 109% 97% 100 103 95% 95% 100% 85% 114 100% 984 86% 101 107 102% 103 96% 112% 88 108 102% 907 97% 9615 109% 97% 1001 103 95% 40% % 52% 3815 213% 9 Last, 5 ‘Wilson Co 40% Willys-Overld. o Will's-Overldpf _51% 52% ‘Worthington..? ~39%. 39% ‘Woolworth. . 213% 213% 213% ‘Wright Aero. 9 9 9 High. Low. Call Money..... 5 b HOURLY SALES OF STOCKS. . 338100 12 m. 547300 « 731900 2p.m....« 895200 ‘WOOL TRADING QUIET. BOSTON, March 1 (Special).— Extent to which territorial wools have been contracted for in the west by local Gealers and manufacturers is being kept a deep secret In the wool market here because of the ef- fect this information might have on prices. Prices continued firm, but irading was quiet. Some Utah wools are known to have secured betw RAILROADS. Ann Arbor 4s Atchlson gen 4s... 24 Atlantic CL st 4s. 1 AtlanticCLcl4s.. 5 B&Opfinsys B & O gold 4s. O 6s. Close. 641 87% 86% 81% 94% 77 100% 80% 82 % 93% ki3 74% BKIRT 7 b s ‘21 ctfs. 14 BKIRT 7’21 ctsta, 2 Buff R&Pitts 445, 2 Canadlan North 7s. 6 Canad North 63%s.. 22 Canad Pac deb 4s. . 30 Central Pacific 4s.. 2 Ches & Ohio cv 5s.. 23 Ches&Ocviays.. 10 Ches& Ogn4lss.. 7 Chl & Alton 3%s.. 5 Chi B&Q gn 45 °'58.. 2 Chi B&Q 1strf6s.. 3 Chi & E Il gn bs... 3 ChiGreat West 4s. 15 CM& Puget Sd 4s. 1 ChiM&SPrf 41s. 31 ChiM&St Pcv 5s.. 14 Chi M&St P 45 *25.", 53 ChIM&S P ev 4128.112 ::hnl[h;l.EQ: P4s'34., 9 StPgn4 Chi Rys 5s. Sk ChIRT& Pacrf ds. ChiUn Sta 6%s. .. Chi & W Ind cn 4s. CCC&StLrf6sA.. Cleve Term 513s... Colo & Sou 47, Cuba R R 5s. Del & Hudson 514, D&R G1strfbs Erie 1st con 4s. Erie con ext 7s Erie gen 4s. . Erie conv4sA. . Erleconv4sD.. Gr Trunk sf deb 6s. Grand Trunk 7s GrNorthgen7s. .. GrNorth gen 5145. Havana ERL&P 63 Hud & Man ref 55. Hud & Manaj 58 Tl Central ref 4s Til Central 515 Int Rap Tran Int R Transit 7s. .. Int & G Nor aj 6s. . Towa Cent 1st 5 Kan City Ft S 4s Kan City Sou 5s. Lake Shore 45'31., Lehigh Valley 6s. . Long Island rf 4s. . Louis & N uni 4s Leuis & Nash 51zs. Manhat Ry cn 4s Market St en §s. Mil El Ry & L 53 M& StLrfex bs M & StL1st rf ds.. M StP & SSM 615 MK & T 1st 4s. MK&ToprinbsA. MK&T6sC. MK& Tadjss Mo Pacific 6s Mo Pacific 5s '6; Mo Pacific gn 4s. .. Nassau E Ry 4s 57 New Or Term 4s. .. N O Tex & M in 5s. N Y Cent deb NY Centdeb NYCentrib New Haven cd 6. New Haven d 4s New Haven 7s. New Haven 7s fr 2 tate Ry 47 NY W & Bos4lss. Norfolk & W cv 6s. Northern Pac 3 Northern Pac 4; North'n Pacri 63 Northern Pac 5. - - 9 wmEBaR P 190 mamREm B RISE © e ReSmmlRumaaSm Ore Short L ref 4 Ore-Wash 1st rf 4s Pennsyl gen 5s i Pennsyl gen 4345 Pennsyl 615 Pennsyl go! Pere Marq Ist 55 Reading gen 4s.... Rio Grand W cl 4s. RIATk & L41s StL&SFplisA. SiL&SFprinbs. StL&SFincés... St L& S F adj 6s. . StL&SFplésC. StLSWlstds.... P & KCShL{las. Seab’d A Liref 4s. . Seab’d A Ladj 5s. . Seab'd A L con 6s.. Sou Pacific cv 4s... Sou Pacific ref 4s. . Sou Pacific clt 4s. . Southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 6%s. . Third Averetds... Third Ave adj 5s Union Pac Ist 4s... Union Pac 1st rf 43 Union Pac cv 6s. Virginia Ry 1st 53. ‘Wabash 1st 5s..... 3 Western Md 4s.... 21 Western Pacific5s. & ‘Wisconsin Cent 4s. 6 102 61 62 91% . 831 104% 95 97ty 63% £0 6% TOTAL SALES (Par Value): 1lam.. 3191000 12noon 4624000 1p.m.. 6377000 2p.m.. 8825000 EIGHT-HOUR DAY GIVEN MORE RAIL EMPLOYES Freight Handlers and Number of Express and Station Workers Affected by Board’s Decision. CHICAGO, March 1.—The eight-hour day, with time and one-half for over- time after the eighth hour, was granted another class of railroad employes by the United States Railroad Labor Board in its decision on the dispute between the Brotherhood of Railway and Steam- ship Clerks, freight handlers, express and station employes and a number of. carrlers. The rule providing for one day off each week also was granted to this class of employes, both provisions of the decision being effective March 1, and was an increase of two cents an hour in the rate of pay of freight em- ploves and common labor employed about stations. creases in pay, some for a return to rates equal to peak war-time wages, were refused. The eight-hour ruling fs similar to that recently granted signalmen. Sta- tion clerks, freight handlers and ex- press employes under the former ruling were glven pro-rata pay for the ninth hour and time and one-half after the ninth hour. Approximately 65.000 employes are affected to the extent of hbout $3,000,000 annually by the increases in pay granted. Involved in the new rules of overtime and Sunday work are about 320,000 em- ployes, many among_these being of the Brotherhood of Railway Station Employes. —_— APPEAL IN STOKES SUIT. Realtor Claims He Has Discovered New Evidence. NEW YORK, March 1—W. E. D, Stokes, wealthy realtor, today filed notica of appeal from the recent or- der of the Supreme Court denying him permission to further amend the complaint in his suit for divorce from his wife, Helen Elwood Stokes. An appeal was taken, it was stated, in order to introduce newly discov- ered evidence at the new trial of the pase set down for the April terma 3.00a4.00. 413, Other requests for in- | WHOLESALE MARKET. Increased receipts of eggs made the market weaker, and a drop of 1 ceat 2 dozen was announced this morning. Recelpts were not unusually large, dealers reported, but the price was reduced to keep ‘the market active. Steady was the term applied to the butter market. No change in butter prices have been noted the past few days. Prices are aiready high, and eialers think any further increase Wil mean a curta{lment of demands. °ry dull was reported of the con dition of ‘the poultry market. Re- ceipts are light, but heavy enough to IPply demand.’ Prices of fowls were Yery low. Chickens are still scarce and high. Eggs—Strictly fresh, selected can- gled, per dozen, 36; average receipts, %} fouthern, 35." Cold storage eggs, 7. turkaogP0Ultry—Roosters, per Ib. 17 urkeys, per b, 25a35; spring chick~ so.5, per 1b., 33a35; keats, young, each, 0: fowls, each, 25, chinessed pouliry—Fresh-killed spring hickens, per 1b., 35a38; hens, per lb., por Sposters. per b, 'i8a20; ' turkeys. 7",“”' 0a40; keats, young, each, “ve stock—Calves, choice, per 1b., "g rn.ndium, per 1b., llal thin, per ”Ms.n’:;z Lambs, choice, per Iby 13. bex A5 a8.00 cach; live hogs, Green frults—Apples, per bbl, 1.75 7.00; Delicious, No, 1, per bbl., 6.00a 506'65-4_1:19:..13 oranges, per crate, Dopas00; Kiorida, 4.00a5.00.: Lemons, 595, bpX. 5.00a6.00. Grapefruit, 3.00a 45 Tangerines, 3.60a5.00. ;. V4Eetables—Potatoes, per bbl s 1.5042.00; per sack, 2.00a2.25 0" Sweet potatoes, Chrol 5a1.50: nearby, 2.50a3.00. Fostuce, per “crate, southern, 1.00a b Romaine lettuce, per crate, 1.50a o0 Teeburg lettuce. ' per crate. 4.50a %00 ”r«bhaw. northern, 2.50a3.00 per )S.; nearby cabbage, per bbl, southern, 2.50a3.50 per bas- Eggplants, per crafe, 2.50a5.00. per box, Florida, 2.50a5.00. 044.00 per basket. Peas, _ Der basket. Peppers, per Florida, = 2.50a3.50. Kale, per 2! Spinach, per barrel, Florida, 2.50a routs, 25a35. Squash, 3.0045.00 crate, barrel, 3 Celer D PROVISIONS. Md., March 1 hite, 100 pounds, . a2.2 sweet tatoes, bar- 0: bushal, 50a60: . bushel, 50a’ Beets, hundred, 4.00a : sprouts, quart, hamper, 2 bushel, 1.0041.; ‘arrots » 00, Cauliflower, crate. 2 00 crate, Cucumbers, crate, b 8.00. Eggplants, crate, 4.00a/ ”(-: b i :aofz‘i.flh b "‘Vfl, 3.0024.00. Kale, barrel, 2.00a «ettuce, basket, X 0. Onions, 100 pounds, 1.95a0, Gyste plants, hundred, 7.00; . Parsnips, bushel, 1.60a1.75. Peas, bushel, 3 0044 00, Peppers, e 2.50a Radishes, ket, 50: ach, bushel, 1004 o > Squash, basket .00a4.00. To- matoes. s, bas- et st Turnips, bas. Apples, packed, barrel, 2.5025.00; bush- el, 50al. :_loose, 100 pounds, 1.50a2.00; < 5. Cranberries, barrel, 8.00a Grapefruit, boX. 1.50a3.50. 41.25. Strawberries, angerines, half strap, Celery, Selling Prices at 12:30, Wheat - N 1 red winter, spot. no quotations; No. 2 red iwinter, spot, 1.341; No.'3 red winter, spot, ©io quo. tat . 2 red winter, garlicky, 1.34; No. 3 red winter, garlicky, no quotations: March, 1.34. Sale: one. Corn—Cob corn, new, per barrel; contract, spo bushel; No. 2 corn. spot, 851 No. 4, no quotations; track corn, yellow, No. 3 or better, 90 per bushel. Sales—None. Oats—White, No. No. 3, 54 per bushel., Rye—Nearby, 85a95 per bushel 2 western export, spot, 933% pe bushel; No. 3. no quotations, Hay—Recelpts, 292 tons; top grade 450 and 4.60 55 per bushel; to 20.00 per ton, with no surplus of really desirable hay. Straw—No. 1 tangled rye, 15.00a nal, 12.00a13.00. 'S CHICAGO PRICES. CHICAGO, March 1.—Uneasiness in regard to lack of rain anywhere west or southwest, had a bullish effect on the- wheat market today during the early dealings. KExpectance that the House wouid pass the farm credit bill today tended also to lift values. ver developed. ranged from 1y vance, with May 1.183% to 1.18% and July 1.15% to 1.151;, was followed by a moderate spurt all around. Prospects of a bullish estimate on farm reserves of corn, gave strength to corn and oats. Afier opening un- changed to % cent higher, May. 74% %, the corn market eased a little and then scored general gains. Oats started_unchanged to % cent higher, May 45 to 45%, and later showed an upturn for all months. Provisions were firm in line with the hog market. WHBEAT— Open May .........1.18% The opening. which High, 1.10% 11161 1143 Low. 1185 115 ine Close. | BALTIMORE. Ma j cial).—Live poult old toms, 2 30; poor tags and Leghorns, 21a26; old hens, small and Leghorns, 22a23; old roosters, 14ald: ducks, 27a30; small tand poor, 23a24; geese, 19a25; rough fand poor. 17als;’ pigeons, pair, 30a35; suinea fowl, each, 35a60. ! Dressed poultry—Turkeys. pound, 130a35; old toms, 25a28; poor and crooked breasts, 20; young chickens, 28230; old_and mixed, 26a2§; old { roosters, 15a16: ducks, 27a32; geese, 20a25; capons, pound, 36; medium, 34a 35; small slips. 30432, Eges (loss off)—Native and nearby firsts, dozen, 36; southern, 35, Butter—Creamery. fancy., pound, 53a54; prints, 54a36: nearby creamery, 47250: ladles. 38a40; rolls, 35a3 store-packed, 35; dairy prints, 36a3s; process butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, March 1 (United States Department of Agriculture).—Hogs— Receipts, 34,000 head; steady to 10 higher; bulk, 150 to 225 pound aver- ages, £.10a8.30; top, 8.35; bulk, 240 to 300 pound butchers, 8.00a8.10; packing sows, mostly 7.00a7.2 desirable 80 to 120 pound pigs, 7.00a7.50; heavywelght hogs, 2 medium, 8.05a8.25; light, 8.15a8.35; light light, 8.00a8.30; packing sows, smooth, 7.10a7.45; pack- ing sows, rough, 6.75a7:15; killing pigs, 7.0048.00. Cattle receipts, 12,000; beef steers fairly active; generally weak to 10c lower; killing quality rather plain: top matured steers, 10.35; several loads, 10.00a10.25; big, rangy string, | Nebraska, 9.15; few head yearlings, 110.25; she stock fairly steady with Wednesday’s decline; other classes about steady; bulk desirable veal calves to packers, early, 10.00210.50; few upward to 11.00; bulk stockers and feeders, 6.15a7.75. Sheep receipts, 13,000; slow; lambs and yearlings, mostly 15 to 25¢ lower; sheep scarce, about steady; top wooled lambs to shippers, 15.25: bulk wooled lambs, «14.50a15.00; 1,600 choice, fall-shorn lambs, 13.00; shorn yearlings, 9.50; choice, 92-pound wool yearlings, 13.25; fresh shorn lambs, mostly 12.25 down. BUTTER PRICES DROP. CHICAGO, March 1.—Butt er; creamery extras, 49a49'; ards, 4813; extra firsts, 47a4815; fivsts, 45a46; seconds, 44ad4l%. Eggs-—High- er; receipts, 10,699 cases: firsts, 341sa 35; ordinary firsts, 32%4a33; miscel- Janeous, 334aldk s HIGHEST SINGE 19X Threatened Shortage Likely to Push Up Cost of Fin- ished Goods. BY J. C, ROYLE. Special Dispateh to The Star. NEW YORK, March 1.—Raw silk 1 at higher price levels today than at any time since the first half of 1920, Moreover, the technical position of the staple threatens a real shortage of supplies in this country. There seems every prospect for higher prices for finished silk products, according to the best informed dealers and manu- tacturers here. These facts, however, do not indi- cate that thers will be any check to manufacture of silkc goods orany fall- ing off in their sale to the consuming public, silk men confidently assert. The advance of raw silk to well above $9 a pound may not be entirely main- tained, because it advanced a littla too rapidly. The position of the com- modity would seem to’ indicate full maintenance of prices. Japanese Supplies Short. “According to the latest figures avail- able there are now 25,000 bales of raw silk in apan, /of which 5.000 bales are unsuitable for export and 400 still are under_inspection,” E. E. Basch of A B. Elliman & C raw silk brokers, said. “That leaves a possible 20,000 'bales for export, a stock m terlally lower than it has been for se eral months. In fact, the price of silk has advanced since last October in al- most direct ratio to the decrease of these Japanese stocks. At last, too, the J apanese domestic demand has awakened and manufacturers in that country are bidding for silks agminst the foreign consumers. It was this lat- ter factor which caused in part the latest jump in prices.” Domestic Consumption Mounts. Domestic consumption in this coun- try in January amounted to 34,630 bales and was equally as great in February. On February 1 there were in warehouses in this country about 47,000 bales, or little more than one and one-third months’ supply. Care- ful canvass of the manufacturers in Paterson, Philadelphia and in other centers indicated today that few, it any, of the mills had laid in heav supplies when silk was at lower lev- els. The majority have supplies for litile more than a month on hand and must come into the market with- in_that time to replenish their stocks. The above are the factors which support the contention that prices of finished silk products to the consumer must advance. However, manufactur- ers are unworried at the prospect. Last vear factories all over the coun- try were closed or operating only on part time. Manufacturers declared they could mot operate on $8 sili. Now those same factories ars work- ing full time, there is even a shori- age of skilled workers and some of the makers who before were buying raw silk only as they received a defl- nite order now are running off 500 vards additional on every 1,000-vard job. feeling sure they can sell’ the additional yardage. Buying Power at High Polnt. Dealers point out that cotton goods. woolen goods. steel, copper and other commodities have advanced material- 1y in price since January 1 without checking consumption and are confi- dent silk goods will follow the same course so long a8 consumer purchas- r|ing power remains as high as at pres- ent. As to that power, the Federal Re- timothy and light clover, mixed. in |Serve Board announced today that pro- Moderate demand at o range of 1605 |duction in basic Industries has reached a point equaled only once in the past. [1ndustrial employment has continued to i i increase, and the rate of turnover of No. 1 wheat, 12.00a12.50; No. 1 |merchants has increased decidedly. Steel prices continued to move into higher territory, and production rec- ords are being made in spite of labor shortage. About 8,000 more workers could be used in the Pittsburgh district alone. Advances in oil prices. which have been general east of the Rockies. is expected in the California fields shortly. The new telephone rates. which went into effect throughout New York state No unusual volume of buving, how- |today, and which. it is estimated, wili vield '$2.500,000 additional revenua an- nt off to a like ad- ! nually to the New York Telephone Company, are expected to have a chological if not an actual effect on rate adjustments in other sections. (Copyright. 1923.) STANDARD O JNDANA MARESHUGE GANS Amazing Increase in Net Earnings Over Previous Year Shown in Report. By the Associated Press. CHICAGO, March 1.—The net earn- ings of the Standard Oil Company of Indiana for the year ending Decem- ber 31, 1922, before federal taxes were deducted were $55,881,104.31, as com- pared with $23,288,348 including tax- es for the previous year. These figures were made public at the annual_stockholders' meeting held today at Whittin, Ind., where the bal- ance sheet of the company at the close of the year was issued. A reserve of $6,500.000 has been set aside for federal taxes, bringing the net earnings to $46.351,104.41. Cask dividends during the year totaled $17,453,293.68. Total assets of the company for 1922 were $348.598,768.70, as compared with $331,018,622.38 for the year prev. jous. Cash on hand at the close of 1922 was $15,141,946.17, as compared with $9,688,434.33 in 1921. —_— WALL STREET NOTES. Ford Schedule for March Is 149.- 000 Cars—Dividends. Special Dispatch to The Star. NEW YORK, March 1.—Bookings of Commercial Steel Castings in January recorded the largest total since March, 1920, having amounted to 103.- 101 tons, or 107.2 per cent of capacity Ex-dividend today: Canadian Pa- cific preferred and common, American Sugar preferred, Hupp Motor common. North American Company preferred and common, Lactede Gas Light com- mon, Producers and Refiners common, Texas Gulf Sulphur, Union Pacific common and preferred, United States Cast Iron Pipe Foundry preferred. Reo Motor Car Company has de- clared an extra dividend of 25 cents a share, payable March 31 to holders of record March 10. Regular quarterly dividends today: Texas Pacific Coal and_Oil, Northern Pacific, Market Street Railways pre- ferred, Youngstown Sheet and Tube common and preferred. United Dyo Wood Corporation common and pre- ferred, Eastern Texas Electric Com- pany common. i South Pennsylvania Pipe Lines has declared a dividend of $2 a share, payable 5Arirll 2 to holders of record March 15. Production of Ford cars and trucks for March is scheduled to total 149,000, Dealers have sent in orders for 200.000. February production was about 129,000 and the dealer schedule 147,000. New York bank clearings, $1.086.- 000,000. New York bank balances, $92,000,000. New York Federal Re. serve Bank credits, $68,000,000. Bos- ton bank clearings, $76,000,000, : r 4