Evening Star Newspaper, March 3, 1923, Page 10

10 » RALROAD SHARES CONETOFRON Lead Market Advances as Profits Are Taken in Many . Other Stocks. BY STUART ¥ Special Dispatch to The Star. NEW YORK, March 3.—With rail- road stocks coming to the fore in the market this morning the price movement became much more ir- WEST. {Allled Chemic regular. When they saw the rails start forward muny 10 put into these profits which they had made during in industrial section. Stocks like California and American Can, in wh vance had been particularly wild, broke for a while pretty sharpl Studebaker came down s0 did Baldwin Locomotive, while Steel common, which had opened at 1087, lost a half point. In the indus- trial section, however, the reaction was noi import spporting or- ders when tened, and the; the week ing of impression A lew sp fwities ke Carburetor. fnternadonal Ces Owens Buttle were bid up wail industrials were coming dow i, Reason tor Iails’ Activity. Tne practical reason for taking up raglway stocks today was simply that | they had lain idle all week, and ac- cording to the speculative program it Wwas time for them to have their turn. The advance in the rail group was quite general, but it favored the standard dividend payers rather move than the low-priced speculative is- sues. As has been the case all the latter half of the week, foreign exchange rates were virtually at a standstill. Approval of the $50.000.000 loan by the heads of the German banking system was to be accepted as confirmation measures for stabil- izing the mark have already been put into_ effect r they have been successful despite the ~addition nearly a trillion marks standing paper currency the last few statements of the bank. The man thing. from serman standpoint. is to gel th to take these huge 1ncre th that the stabllization progran will be successful, and, as far as things have gone, it looks as il the sovernment had succeeded in doing this. ne and other through disclosed Reichs- the ! pub- ases on Atlantie Gulf Active. The display of strength Guif and West Indies today as a reflection of two was the fact that the operating all of its tankers, sequently earnings have cidedly better than the, ing The other was the standing (hat the statement o come for last year will show in- terest on the bonds fully covered, with something left over for depreciation. Some people in the past several months have assumed that Atlantic Gulf would fall to earn the interest on_its bonds. The recent strength of the bonds on the curb exchange and today’s upturn in the shares indicated a re- versal of opinion g The market closed with the buying movement still in full swing in the rallway section, but with a tendency elsewhere very much mixed. There j was no weakness, even among the industrials, which were most freely sold ail morning. But it was clear that in this quarter the rise in most instances had for the time being Dbeen checked. been were dur- under- in- COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, March 3.—Southeastern; eotton growers, who recently purchased 300 cars of nitrate of soda from the Old Hickory power plant at Hermit-{ traders hastened { i 1 lam the | Am i PamSugar Petroloum j A, Sugar pr. .. the 4L ) Am Tel & Cable. price i ' LromberEs T Atlan Cst Line \d con- do- | FINANCIAL.) THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MARCH 3, 1923, Received by Private Wire Direct to The Star Office NEW YORK STOCK EXCHANGE l Open. 9% 65 13% % 50' 341 65% 46% 4972 103 9% 17 32 2 1424 2% 28% Adams Express. Air Reduction. Ajaz Rubber. Allis Chalmer: Am Agr Chem. . AmAgrChempt. Am Beet Sugar. Am Bosch...... ATIOEN 0.t e Am Chicle Co. .. Am Cotton Oil. . Am Cotton Oil pf. Am Druggist. Am Express. ... AmHIlde&Lea pf Am Internat’l. .. Am Linseed pf.. 57 Am Locomotive. 126% AmLocopf..... 121 Am Metals..... 53% Am Radiator... 821¢ Am Roll Mill pf. 974 Safe Razor. St hip & Com. 18 elting. 6874 Am Stecl Fdy 39% Am Tel & Teleg Am Tobacco. ... i 1Am Tobacco (B a point and & Dot e | Am Tobac pf (n) Am Water Wks. AmW Wi 6% pt Am Woolen..... Am Writ Prpf.. Am Zinc&Ld pf. jAnaconda. 5 Art Met Constn. ichison nt. .. Atiantic Gulf. . lantic Gulf nf fining pf. Atlas Tack..... Austin Nichols. Baldwin Loco Balto & Ohio. Balto & Ohio pf. Barnesdall (A). Barnesdall (B). Batopilas Mining Beechnut Pack. Beth Steel. Edison. .. Bklyn Rap Tran Bklyn R Tr ctfs. Bklyn Un Gas. . i Burns Bros (A). h !Buxufl‘ovoer.” the out- | in{ | Caddo 01l Butte&Superior. Butterick...... California Pack. Calif Petrol. ... Calif Petrol pf. ahan Zinc. . Calumet & Ariz. Canad'n Pacific. Central Leather Central Leath pt Cent RROfNJ. Certain-Teed Cerro de Pasco Chandler Motor. Chesap & Ohio. . Ches& Opfwi. Chi & Alton Chi & East1 > & Kast 1il pf reat West. cat W pf. &SLP.. ChiMil&StPpf. Chi & Northwn. Chi & Nwn pt Chi Pheu Tool. . ChiR 1 & Pacific Chi R 1&P 6% pf Chile Copper. .. Chino Copper. .. C CC & St Louis Cluett Peabody . Cluett & Peby pt Coca-Cola 5 Colo Fuel. . Colo & Southern Columbia Gas. . Columb’a Graph Com Solvents A. Comp Tabulator Cons Cigar..... Cons Cigar pf Consol Gas new. Cons Tex = ContCan....... Cont Insurance. Corn Products. . Continental Mot Cosden & Co. Crex Carpet. ... Crucible Steel. . | Cuban-Am Sug. Cub Am Sug pf. Cub Cane Sug age, Tenn., have appealed to the In- terstate Commerce Commission for a priority order on cars to move the fertilizer, which, they claim, must be available within thirty days. Car shortage has held up the shipment. FLINT, Mich., March 3.—The Buick Motor Company now Is turning out be- tween 700 and 800 cars a day, which 18 nearly the capacity of the plant. About- 100 assembled chassis are ship- Ped dally to Detroit for use in making up closed cars in the Detroit closed- car assembling station. CARTHAGE. Mo., March 3.—Reports from throughout the tri-state lead and #inc fleld indicate that another increase in prices is expected next week. 2Zinc ore_recently advanced $3 a ton, and lead ore sold as high as $114 a ton. The 1otal' values of the ores produced in the first seven weeks of this vear in this field is $5,860,053. TULSA, Okla., March 3—New drill- ing operations are being handicapped in the midcontinent field today by lack of labor. This is also affecting the producing oil companies to some extent, MILWAUKEE, March 3.—A cheese welghing 600 pounds now is being made at_Clintonville, Wis., for ship- ment to Honolulu. WARREN, Ohio, March ~—The Trumbull Steel Company here, em- nloying 6.000 men, has attained ca- pacity operations for the first time in four months. Twenty-five of twen- 1y-six blast furnaces In the Mahoning valley are in blast. PHILADELPHIA, March 3.—The lo- cal wool market is quiet, due largely 1o the fact that stocks of domestic wool are very short. Local buyers are taking early southwestern clips at firm prices and this is strength- ening the local market for stock in this city. —_— FOREIGN EXCHANGE. March 3, 1023 p.m. (Quotations furaished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, 4.8665 Montreal, dolia | Paris, Steckbolm, crown. By the Awsoclated Press. NEW YORK, March 3.—Foreign ex- changes irregular. Quotations (in United States dollars): Great Britain, demand, 4.705-16; cables, 4.709-16; 60-day bills on banks, 4.68%. France, demand, .0611%; cables, .06%. Italy, demand, .0481; cables, .0481%. ~Bel- gium, demand, .0534; cables, .0634%. Germany, demand, .000044; cables, .000044%. Holland, demand, .3952; aables, .3955. Norway, demant, .183 Sweden, demand, .2658. Denmark, de. mand, .1922. Switzerland, demand, .1373." Spain, demand, .1560. Greece, demand, .0107. Poland, demand, .000023, Csechoslevakia) demand. .0296. Argentine, demand, .3725. Brasil, demand, .1162. Montreal, 98 5-16, —_— More than B,000 octopuses were Janded in one week recently by the fishermen of nerthern Erance, Cuba Cane Spf. Cuban Dom'ican. Cuban Dom pf... Davidson Chem. De Beers. . . Del & Hudson. .. D Lack & Wstn. Detroit United. . Eastman Kodak Elec Stor Bat... Elk Horn Coal. . Endicott-John. Erie... . Erle 1st pf Erie 2d pf. Fairbanks Co... FamousPlayers. Famous Play pf. Fisk Rubber. Flelshman Freeport Texas. Gen Am Tk Car. Gen Asphalt. Gen Cigar...... Gen Cigar deb. . Gen Eleciric..es Gen Motors. Gen Motors pf. . Gen Mot 6% deb. Gimbel Bros Goldwin Co! Goodricn. Goodrich p: Goody'r pr pf Wi. Granby Consol. Gray & Davis.. Gt Northern pf Great Nor Ore. . Greene-Cananea Guantanamo Su. Gult Mo & Nor... Gul? St Steel. Hartman Corp. Hayes Wheel. Hendee Mfg.... Homestake. ... Houston Oil.... Hudson Motors. Hupp Motors. .. Hydraulic Steel. Illinois Central. Indiahoma. Inspiration. . Interboro Met. . Interborough pf Interbor RapTr. In Ag Chem pt, . Int Cement..... InCombustion B Int Mer Marine. Int M Marine pf. Int Nickel. 1ntl Paper. Intertype Corp.. Invincible Oil. Iron Product Ysland OIl.. Jewel Tea. Jones Tea. Kansas & Gulf. . Kansas City Sou Kayser (Julius). ly-Spr Tire. Kelly-Spr 8% pt. Kelsey Wheel. . Kennecott. Keystone Tire. Lee T & Rubber. Lehigh Valley. Lima Locomo Loews Inc. Loft Inc... Loose-Wiles. . Louls & Nash. Mack Trucks Mack Truck 1st. Mack Truck 2d. Macy Co..... Magma Copper Mallison & Co.. Manati Sugar pf 1424 2% 29 57 126% 121 B56% 4 124% 156 1544% 1067 304% 53% 1064 2814 574 Low. Oless. uK% 1% 2% 42% 28 28 4l 42 1% 31% 60 601 52% b2% 161 16% 4% 6 99 99 184 18% 17" 13 30 80 1% 12 31 3% 8 8% 70 % 91 91 15% 164 427 483'% 184 18% 47% 48 4% 1% 2. 4% 3515 18 Market StRy. .. Market St pf. Market 8t Ry 24 Marland OD). Martin-Parry. Mathison Alkill. Maxwell (A) Maxwell (B) May Dept Stores Met Edison pf.. Mex Seaboard . Mez Sbd ctfs Midvale Steel. Minn & StL (n). Min St P&S S M. M St P & SSM pt Mo, K& Twl. Mo, K & T pt wi. Mo Pacific. Mo Pacific pt Montana Power. Montgom'y W'rd Moon Motors Mother Lode. sh Motors atl Acme. B atl Biscult w i. atl Cloak & S. . 1027 157 Nat R of Mx 1at. Natl Ry of M 2d. Nevada Copper. N Or Tex & Mex. N Y Alr Brake Y Alr Brk (A Y Central.... Y NH & Hartfd. Y O & Wertern ¥ Shipbuilding orfolk & Wes( orth Amer wi.. North American North Amer pt.. orth Pacifi Nov Scotla Steei Oklahoma Prod. Orpheum Clrcuit Otis Steel . Owens Bottl Pacific Develop. %7 l\-‘ Paclfic Gas & El 811! PacificOll. .. 46% Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Pennsylvania. .. Penn Seabd Stl. People's Gas Pere Marquette. Philadelphia Co. Philadel Co pf Phillips Pete Pierce-Arrow Plerce-Arrow pf Plerce Oil Piggly-Wiggly. Pitts & W Va Pond Creek Coal Porto Rico Tob. Postum Cereal. . Preseed Stl Car. Producera& Ref Pub Serv of NJ. Puilman Co..... Punta Alegre. .. PureOfl........ Railway Stl Spr. Ry St] Spr pf. .. Ray Con Copper heading.... . Reading 1st pf.. Remington. .... Replogle Steel.. Rep Ir & Steel Rep Ir & St1 pf.. Reynolds Spring Reynolds Spr rts. Rey Tobac (B).. Royal Dutch. ... St Joseph Lead.. St L & San Sran. StL & San Srpf. StL Southwn... St L Southwn pf Savage Arms. .. Seaboard Afr L. Seaboard A L pf Sears Roebuck. . Seneca Copper.. Shattuck-Ariz. . Shell Union. Shell Unlon pt.. Simms Petrol... Simmon: Sinclair Skelly Oll. Sloss-Shefeld. . South Paciflc. Southern Rwy.. Southern Ry pf. Spicer Mtg Co St Oll of Calif. StOllofNJ wi. StOilof NJ pf.. Steel & Tube pf. Sterling Prod. .. Stew't-Warner. Stromberg Carb Studebaker. ... Submarine Boat Superior Oil. SweetsCoofAm. ‘Tenn Copper. Texas Comp: Tex Gt Sulphur. Texas & Pacific. Tex & P C&Oll.. Tide Water Oil.. Timken Bearing Tobacco Prod. .. ‘Tobacco Prod A. Trans Contl Oil. TwinCR Tran.. Union Pacific... Union Pacific pf. Union Tank Car. Un Alloy Steel. . United Drug. ... United Fruit. ... United Ry Inv.. Utd Ry Inv pf. Unit Retall Strs. U S Cast Ir Pipe. U 8 Cast Ir P pf. U S Food Prod. . U S Hoftman Mct U 8 Indus Alco..” uUs U S Rubber. U S Smelt & Ref. 43 USSmelt&Rpf. 46Y% U SSteel... 108% U SSteel pf. 120% Utah Copper.... 76% Utah Securities. 23 Vanadium Corp. 43% Va-Cr Chemical. 256 Va-Car Chem pf €7% Vivadou........ 18% ‘Wabash... . 10% Wabash pf (A). 30% Waldorf System. 434 Web & Hellbrn. 13 Wells-Far Exp. 105 Western Md. ... 13% 28% 133§ e ! 28% 1150 465 81 827 4% 46% 4r5 20 69'% 104 107 59% 42% 46% 108 120% 6% 22% 42% 24% 674 18% 10% 80% 42% 13 104 13% 28% i turities. jreport and the measure now ithe Columbia Caster Company, Western Md 2d. ‘Western Pacific. 19% ‘Western Pac pf. 60% Western Union. 1156% West Air Brke.. 118 Westhse EI & M. 66 Wheeling & LE 10 . ‘White Eagle Oll 28%. . ‘White Motor.... 54% White Oll....... 4% Wickwire. . 12% 12% ‘Wilson Co. . 40% Willys-Overid.. 7% 7% % % ‘Woolworth..... 211% 211% 211% 211% Youngstn Tube. 76% 756% 76% 76% HOURLY SALES OF STOCKS. 1lam..... 827600 12m +670 6500 ————— WALL STREET NOTES. Shulte Corporation Leases 25 New Stores, Making 275. Special Dispateh to The Star. NEW YORK, March 3.—Shulte Re- tail- Stores Corporation today hold leases on twenty-five new stores, which' will increase the total in the chain to about 275. The regular meeting of the North- ern_Pacific Rallway stockholders will be held in New York April 10. Goodyear Tire and Rubber Com- pany has increased men’s minimum wagés to $4.50 per day and women's from $2.40 to $2.80. Other,compani are meeting Goodyear levels. Production of crude ofl in the United States for the week ending February 34 averaged 1,789,788 bar- rels dally, an increase of 81,662 ever the preceding week’s average. 19 60% 115 118 65 8% 28% 68% 4% 9% b4¢ 4% 12% 12% BONDS ARE HEAVY | ez xorx BONDS stoex sacauvce] Received by Private Wire Direct to The Star Office. N ARKET TODAY | : | i Washington Report on New| U. S. Financing Arouses Wide Interest. BY GEORGE T. HUGHE Bpecial Dispatch to The Btar, NEW YORK, March 3.—Outside of afew speclal issues bond prices were heavy today. There wero traces of liquidation hers and there, but not on a large scale. There is still much speculation as to the intentions of, the government Today's repdrt from Washington was that the new financing will amount to $300,000,000 to meet March 15 ma- Opinion as to the coupon rate varied widely. Meanwhile, lib- erty bonds were irregular and the trading quiet. Among today's features was the strength in United Railways invest- ment collateral Gs, which had a sharp advance on reports that either the bonds might be called or that the Security would be strengthened by an increase in the dividend rate of the Philadelphia company stock of which is collateral security for the bonds The redemption price of the bonds is 1.05. REVENUE MEASURE READY FOR SIGNING Senate Withdraws Amend- ments to Bill Aimed at Checking of Tax Dodging. The Senate has withdrawn all of its amendments to the bill amending the revenue laws in respect to exchanges of property. adopted the conference goes to the Prestdent Hereafter stocks and bonds may not be exchanged for other securities { without the realization of taxable come, except in those cases where the exchange is in connection with the reorganization or merger of one or more corporations. Taxpayers owing securities which have appreciated in value have been exchanging them for other securities and at the same time receiving a cash | consideration without the 7ealization | of taxable income, but if the securi- ties decreased In Value since acquisi- tion they sold them. and in computing | net income deductad the loss on the eale. This result the Treasury the amount of Depart- ment held to be manifestly unfair and ! destructive of the revenues. The bill, which now has been agreed to by both houses. will put a stop to this practice after January 1, 1923 Wrizard Products Electios At a recent meeting of the Wizard Products Corporation of Delaware, the control of which was acquired by a group of Washington men, eaded by Jean Paul Muller, the fol- wing were elected directors: Jean Paul Muller and M. V. Cookerow oi this city and O. W. Severns of Chi- cago. The directors immediately elected Mr. Severns president. Mr. Muller vice president and treasurer land Mr. Cookerow secretary. The present management of the business will continue as heretofore Plans have been prepared for an additional factory on the eastern | seaboard. Caste Company Election. the shareholders’ meeting of In, in the Munsey building Wednesda the following were elected as di- rectors to serve for the ensuing year Willlam P. Ames, Herman L. Bonney Walter W. Burdette, J. Frank Butts, Robert A. Guerrant, Willlam M. Mat tingly and Harry J. Mulligan. At The board organized and elected J. Frank Butts president, William P. Ames first vice president, Robert A. Guerrant second vice president, Wal- ter W. Burdette secretary and Harry J. Mulligan treasurer. The company Is incorporated under the laws of the District of Columbia and is engaged in the manufacture and sale of the “Butts” ball-bearing furniture caster. Made Local Representative. The International Bank, 807 15th street, has been made local repre- sentative of the American Bond and Mortgage Company of New York and Chicago, according to announcement made yesterday. The bank will han dle all of the company’s first mort. geoge real estate bonds in Washing- ton. C. H. Durston of the company ar- rived here recently. to attend to sev- eral new issues, in connection with the officers of the bank. Among these is the Cosmopolitan QOffice Building and Theater 7 per cent first mort- gage real estate gold bonds. About $200,000 remaining of the original fs- sue of $4,200,000 Walker Hotel first mortgage 7 Der cent bonds also is being offered through the Interna- j tional Bank. Bankers Pick Atlantic City. Atlantic City has been selected as the place for the annual convention of the American Bankers Associa- tion, which will be held on September 24, 25, 26 and 27, according to an- nouncement made yesterday by Fred, N. Shephord, executive manager of the orgamization. Headquurters will be at the Hotel Traymore, where the various committee meetings will take place. The main session of the gen- eral convention will be held on the million-dollar pier. The selection of Atlantic Cltr is a bit of news particularly pleasing to Jocal member banks. Last year the convention was held in New York city and the year previous at Los Angeles, both of which drew a good percentage of local members. Inas- much as this year's meeting place is already the haven for tired Washing- ton bankers, it {s safe to assume that an exoeptional representation from the National Capital will be on hand. Branch to Open Soom. The new branch of the Franklin National Bank. 1111 Connecticut ave- nue, will begin functioning in about ten days, or surely by the 15th of the Toonth “offolals . declared vesterday: The contractor is now installing the jast fixtures, it was said, while the ‘rl“edwork has already been com- eted. > A ladies’ com ent for fair cus- tomers will be Installed on the imme- diate inside on the left, next to which will be the office of the rl'unlferX which will be followed by the tellers’ department. The branch has a sixty- foot depth. BAR SILVER QUOTATIONS. LONDON, March 3.—Bar silver, 8111-16 pence per ounce. Money, 1% per cent. Discount rates short bills, $4a23 per cent; three-month bills, 214a23% per cent. NEW YORK, March 3.—Foreign bar silver, 663 ; Mexican dollars, 50%. Lesson in English. From the Boston Transcript. 1f you wish to assist some foreign triend in trying to master our lan- age hand him_ this nice easy nteace clipped from an. English newspaper: “Should Mr. Noble, who sits for this constituency, consent to stand again and run he will, fn all probability, have a walk-over.” (Bales are in $1,000.) UNITED STATES BONDS. Low. iLib3ys. . (Lib1st 434s. |Lib 2a 4% Lib 3d 4%s. .. Lib 4th 4%s. . 1 Victory 4 US4%s 1952, 97 90 9850 98 14 100 10 99 64 FOREIGN. Sales. Hizh. 0244 97 50 9842 9844 9802 9R 0B 100 02 100 06 99 99 62 Close. 102 98% 94 a7 Taw. Argentine 7s Belgium 7%s. Belgium 6s. Belgium 85 Bolivia 8s Bordeaux 6: Brazil 7s.. Brazil 8s. ... Canada 55 1926. Canada 5145 192 Canada 5s 1931, Canada s 19, Chile 831946 | Chile 8s 1926, {Chile 831941 Chinese Gov R, 10/ 1017% 10015 99 104 10° i 9 109% 97 10914 97 943, 9% Denmark 8s. Denmark 6s. . Dutch East Dutch E: French Govt 8s. . French Govt T1:s Haltl 6sctfs...... Holland-Am's £ 6 Japancse 1st 415s. {Japanese 24 4 1s. . | Japanese 45 1Jergen U M 6s 47 [ Mexico 5 | Mexivo 4= Monteviden 7 Norway | Paris-T.a" i Prague 7 Rio de Jan 851045 Rio de Jan 82 19 Seine, Dept of, Serbs CrotsSlov 83 Soissons 68 Sweden 6s. ceee iwissConfedsf8s. Ud King'm 5%s Ud King'm 5 s UnSteam Copen 6. 29 i Uruguay 8s. 1104% i MISCELLANEOUS. Am AgrChem T13= 19 103% 103 103 {AmSmertaRr1stss #9% Am Sugar Ref 5. . : 102 AmT&T ol tris.. 3 AmT& Teltris! Anac i % 1047 118% 115% 1047 | i tAtlantic Refin Bell Tele Pas | Beth'm Stlp'n E gen s . Bush T Bldg &s 60 Central Leather by Cerro de Pasco 8s. Chile Copper 6: Chile Copper 7 Con Coal Md 1st Cub CaneScvd 8§ { Det Edison ref 6s. . i Du Pont de 9, | Duquesne Lt | E Cuba Suz Empire F&G 7 Fisk Rubber & Gen Elec deb 5. .. {Goodr'h (BF) 6l.s Goodyear Tr 8s '31. 1 Goodyear Tr &s"41. { Humble O&R Indiana Steel Int Mer Marine 6s. Int Paper 1st 55 A. Int Paper 1st 5s B. Kelly-Sp'gfield 8s. Lackaw'a § 5350 Liggett & Mvers 55 Lorillard (P) B Magma Cop cv 7s. Manat! Sug st 78 Mexican Petrol Ss. Mich St Tel 1st 6s. Midvale Steel 5s. Montana Power 5s Nat Tube 1st {New Eng Tel 5 NY Edison 1st 6 NYGELH&P IN Y Tel 6s'41. NY Tel 4%s N Am Edison 6s. N States Pow bs Northwst B Tel 7 OtisSteel 8s. .. Pacific Gas & E15s PacT & T 55 '92. .. ackard Motor §5. Phila Coref 65 A.. Producers & Rf §3. Producrs & R 85 w | Public Service &s i Punta Alegre 7 { Sinclair 0i1 7 !'Sin Crude 0i1 5 Sin Pipe Line 5s. { S0 Por Rico Sug 78 i Ston of Calit 7s. Steel & Tube 7s Tide Wat Oil 6 Tobacco Prod &f 75 Unit Drug cv 8s. U SRub 1st rf 58 USRubber 7%s... USSteelsf5s. Utah Pow & Lt 53. Va-Car Chem 7s... Va-Car Ch 7% sw Warner Sugar 7s.. West Union 638 Wickwire Spen 7s. Wilson & Co 1st 65 Wilson&C cv T%s. Wilson & Cocv 6s. 13 Winch'tr Ams T%s 2 HEAVY BUTTER SUPPLIES TURN PRICES DOWNWARD By the Associated Press. CHICAGO, March 3.—Heavy sup- plies and limited outiets cafised sharp and unexpected declines in the butter market this week. Tending to make the market even weaker was the fact that the supply increased generally and that delayed shipments arrived on_a market already oversold. With the dealers facing the problem of moving heavier supplies into lime ited outlets, the result was that the price was forced to a level where buy- ers would take larger quantities. The butter market for the week ending yesterday on 92 score_stock Was as follows: Chicago, 47, 513 pointg_loss; New York, 4815, 4 points Icss; Boston, 49, 4 points loss, and Philadelphia, 49, 3% point loss. POTOTOES STRONGER. CHICAGO, March 3. — Potatoes slightly stronger; receipts, 89 cars; total United Btates shipments, 9 cars; Wisconsin sacked round whites, 1.00a1.10 cwt.; bulk, mostly 1.10al1s owt.; Idaho sacked' russets, 1.60a1.80 cwt.} Idaho sacked, rurals, 110 cw Minnesota sacked, round whites, 1.00 cwt., Minnesota sacked, Red River Ohios, 115 cwt. NEW YORK EGG PRICES. NEW YORK, March 3—Eggs Firm: receipts, 17,703 cases; stat nearby and nearby western henner: whites, firsts to extras, 40%a43; Ra cific_coast whites, extras, unquoted; do., firsts to extra firsts, 40%2a42. CLEARING HOUSE REPORT. NEW YORK, March 3.—The actual condition of clearing house banks and trust companies for the week shows a deficit in reserve of $885,660. This is an increase of $16,742,190. PARIS BOURSE SPOITY. PARIS, March 3.—Prices moved ir- regularly on the bourse today. Three per cent rentes, 58 francs 70 cen- times. Exchange on London, 77 francs 50 centimes. Five per cent loan, 74 francs 27 centimes. The dol- 1ar was quoted at 16 francs 47 cen- times. ¥ I3 100% 215 | Ciose. IA!rhuon gen 101 18 10120 | Atchinon adj 4s 9800 9802 | Atlantic C L el 4s.. 9788 | B&ODPfinzys | ! { 3| Pennsy1 gold 7s. 4 | Sou Pacific cv 4s 107:. i Third Ave adj bs.. 14 | { | i IB&O cvaiyy. | 1Kl |Ches & O cv 41n 1 Chi & E 1 an ba. | Chi M& 4t & G Nor aj 6. . 2 RAILROADS. Sales. High. 10 10 6 13 & O gold 4n 4 B&OGs. . 12 12 Close. 87% 81t 81% 94% TT% 100% 80% 821 93% 64 5% 93% 92% 90 90% 114% 112% 9% 91 84% 93 87% 52% 27% B&Orersn.. [ 2 B& OS8Swai 1 BRIXn IUT 4w 2002, 10 LT .. 10 Blilyn R P 7a'21. )] 13 REIRT 7w *21 ctfu. 15 BKIRT 7°21 ct gta. 15 Buff R&Pitty 4148, 1 Canadian North 7s. B, nad North 614n.. 3 nad Pac deb 4s. . 12 Car Clinch & O 5s., 5 Central Pacific 4s.. 4 Ches & Ohlo cv 58. 59 5 Chi & Alton 3s 7 Chi & Alton 214s Chi B&Q 1nt rf 5s.. 80 52 65 6234 * 69% 9% 6% ChlGreat West 4s. 1 CM& Puget Sd 45, Prfdtee, tP ey be Chi M&St P 45 °25., 3 ChIMES P ev 4145.10, ChiMESLP 4534 Chi M& kg 55% 103% 47 Erieconv4sD. . GrTrink sf deb 65 Grand Trunk 7s. 1rse 108% 100% 81 714 3% 48 6% 84% 93% 91 Tnt R Transit 7s. Kan City Ft § 4 Lake Shore 45 '28. Lake Shore 4s'31. . Long Tsland rf 4s. ash 5lzs. MK & Topr MK &TésC MK & T adj 55 Mo Pacific 6s. Mo Pacific gn 4s. .. Montreal Tm 1st 53 New Or Term 4s ¥ Cent deb Y Centri £87% | New Haven 116 601y 83% 107 102 9184 79 100% 91 n 5s°46. Ore Short L ref 4s. Ore-Wash 1strf 4s Pennsyl gen 68 Pe Pennsyl 6155 108% 9% 8ot 6714 83 651 9214 8% 97% 57 452, 288 65 914 & 94 & St LIM&S R&G 4s. LTM& S4s 29, L&SFpl4sA. L&SFprinss. L&SFincés... L&SKF5l3sD.. L& SF adj 6s. L&SFpl6sC. ab'd A L4ssta.. b'd A Liref 4s ab'd A Lad) 5s.. Seab'd A L con 6s. . u Pacific ref 4s. Southern Ry 6%s.. ou F Third Ave ref 4s 61 Union Pac st 4s... 47 Union Pac 1st rf 4s 15 Virginia Ry Ist6s. 2 Wabash 1st 5. 7 Western Md 4s.... 43 Western Pacific 55. 3 ‘Wisconein Cent 4s. | TOTAL SALES (Par Vi 1la.m.. 4002000 12 noon 6584000 WHEN WIFE EARNS MONEY. Woman Claims It Undermines a Husband'’s Character. A well known artist tells of her bitter experience in the Delineator. She says: “The first vear I earned $260. And it was with this first money that I made m¥ fundamental error: 1 turned it in to our joint accourt to be used for food and rent. 1 should have given it to the Salvation Army, or have thrown it, check by check, {nto the North river—for with it I began to undermine a man's working capac- ity., to rob him of his sense of re- sponsibility to his talent and to his jwife. Both of these are essential to | 30as a man’s manhood. “If T had been a thousand vyears old then, as I am now, I'd have clung | to his neck weeping for bread—ana he would have gone out and got 1t But 1 was young and callel myseif a feminist, I belleved that a woman owed as much to her talent as a man did: that if there were no children she ought to be a full partner in the money-earning sense. “Later, when it was over, I had ceased to be a feminist or an artist. 1 saw it biologically. I saw that . with- out regard to sex, the average human animal is as parasitical as it can manage td be. I saw that a man placed in a position of financial de- pendence will become as despicable in most ways as a woman in like posi- tion. 1 v that the human soul fr so constituted that unless its cwner makes adequate return for values re- ceived, the soul will not. “The feminists who rage against the dependence of wifehood are fools, protesting out of a vast unknowledze of life. The dependence of ths wife is the fact that keeps the man a man, It's the fact that writes the great books, builds the bridges, subdues the wilderness, governs the ‘empires. “And for that keeping of the man a man with all the stupendous facts that follow, the woman must pay with the sacrifice of her best keen- ness of Intellect, with her talents, with all those splendid menta. con- tacts with life which come alone from competitive earning. “She can pay her way with the babies. “If she does earn mo: by her tal- ent, let her give it to i arity.” «Don't Change Your Face. From/an Exchange. Some men grow a beard to decorate their faces, others try to modify where they cannot decorate. In any case, the man is rash who removes his facial adornment after it has be- come familiar to his friends. One such man called upon his aunt after parting with his beard. The malid did_not recognize him and plainly doubted his word, 50 he gave her his card as a warranty. His aunt received him_with amusement. “You're sure you know me?’ he asked. ~“Mary didn't. “No,” said the aunt mirthfully. “She said there was a strange man who looked like a gentleman, but he had one of your cards.” _— 991 | 77y | radish 109 { FINANCIAL. {Grain, Produce and i Live Stock WHOLESALE MARKET. A further decrease of 1 cent dozen in the price of eggs this morn- ing showed the downward tendency of .the egg market. Increased re- ceipts of eggs from mnearby states ‘Wwas responsible for the drop. There was no change noted in butter prices, and the market re- maing firm. The cheese market continues firm, with no change prices, Practically no change in meat prices has been reported this week. De- mands for meat are only fair Eggs—Strictly fresh, selected can- dled, per dozen, 37; average receipts, 46; Southern, 35. Live poultry—Roosters, per 1b. 1 turkeys, per b, 25a35; spring_chick- ns, per 1b.. 33a36; keats, young, each, 60; Towls, each, 25. Dressed poultry—Fresh-killed spring chickens, per 1b., 35a28; héns, per 1b. 26; roosters, per Ib, 19a20; turkeys. per 1b., 35a40; keats, youns, each. | 70480, i Live stock—Calves, choice, per b 13; medium, per Ib., 10al2: thin, per Lamb: oice, per Ib.. 13. 3.00a cach; live hogs, in jor ver ib., 8% ireen frujts—Apples, per bbl, a7.00; Delicious, No. 1, per bbl 9.00. California’ oranges, per crate 5.00a6.00; Florida, 4.00a5.00.: Lemons. per box. 5.00a6.00. Grapefruit, 3.00a 4.25. Tangerines, 3.50a5.00. Vegetables—Potatoes, per bbl 1. 150a2.00; per sack, 2.00a2.25 5021.00. Sweet po Carolina, 1.0042.00; nearby, Lettuce, per crate, souther: 12.00;: Romaine lettuce, per Teebur~ lettuce, per crate, Cabbage, northern, 3.00a3 1h; nearby ca southern Eggplants, | Fomatoes .00 1 6.00a ber per box, Florid. Beans. 4004550 per bac 3.0045.00 per Peppers, |erare. Didia. 0. Kale. barral, Spinach, per barrel, 3.00u4.00. " Ceiery, crate, Florida, 2.50a 2.5083.00. ver basket. GRAIN AND PROVISIONS. BALTIMORE, Md., March 3 (Spe- cial). — Potatoes, white, 100 pounds, 50a1.40; 150 pounds, 1.0022.25. Sweets, bushel, 50a60. Yams, ; bushel, 5065. Beans. b 24.50; beets, hundred 7.00; brussels sprout: quart, cabbage. hamper, 2.00a3.00; hushel. 1.00a1.25; ts. basket, 60: cauliflower, crate, 2.50a2 i celery, crate, 1.50a2.50; cucumbers, crate, 5.00 a8.00; eggplant. crate, 40046.50; horse- bshel. 3.00a4.00: kale, barrel, Florida lima beans, 3.50a4.50 barr. bushel, 2 2.00a2 onions, . : plants. 0. 7.0029.00; parsnips, bushel, 1.00a1.75; pe: bushel, 3.0044.00; pep pers. crate. 1.50a3.00; radishes, haske. 50a2.00; spinach. bushel, squarh, basket, 0a4.00; crate, 0a5.00: turnips, basket Apple. packed, barrel, bushel, 50al loose, 100 pounds, 1 a2.00; basket, 50a75. Cranberries, barrel 8.00a12.0 grapefruit, box. : oranges. box, 3.50a4 i ostraw- berries, quart, a40; tangerines, half strap, 3.00a4 00, Selling Prices at 12:30. Wheat- 0. 1 red winter, spot. no Quotations; No. 2 red winter. spot 1.3215: No.'3 red winter, spot. no quo- tation 0. 2 red winter. garii v, 1. . 3 red winter. garlicky, ations; March, 1.3; Sales —Bag lots of nearby and 1.12 per bushel Corn—Cob corn, new. 4.60 per bar- rel; contract, spot. 83 per bushel No. 2 corn. spot, §513; No. 4. 1 tations; track corn. yellow, No. better. 90 per bushel ?‘}alet‘ ats—White. No, 2, 541 er bushe asked sy o Rye—Nearby. 85290 per bushel: No. ovster no at 1.10 one. 2 western export, spot, 91 per bushel; | I ]):;v for the Receipts. 44 tons; top grade|and smelted at No. 3, no_quotations. Ha, timothy and light clover. mixed. in moderate demand, at a range of 16.00 to 20.00 per ton, with no really desirable hay. Straw — No. 1. tangled rye, {16:00; No. 1 wheat. 120021230} 3 oats, nominal, 12.00a13.00. TODAY’S CHICAGO PRICES, CHICAGO. March 3.—With rains re- ported in dry districts of the winter crop territory, wheat went down .00a The market was also depressed by opin fons which officlals of & bif g'ia"i. con pany here contiuued fo express that supplies of wheat were great Iy in excess of the probable demand be- Iwould begin to be available in volume. virtually ignored. The opening h with May, 1.173 to 118%, and July. rial further setback. Corn and oats receded with After opening % to & off. Ma to 75, the corn market underwent an ad- ditional sag. Oats started a shade to 3aly May, lu;lheli Ixoss Tovisions were easier with grain de- spite firmness of hog values. WHEAT— Open. May 117 Juir September . CORN— lower., Close. 11315 1118, September i LARD— {May ... July RIBS— May July . 11.00 10.92 DAIRY PRODUCTS. BALTIMORE, Md., Marcn 3 cial).—Live poult ; old toms, breasts, 20; young chicken: poor stags and leghorns, 2 hens, 25a26: small and a23; old roosters, small and poor, rough and poor, X 130a35; guinea fowl, each, 40a60. Dressed _poultry—Turkeys, pound, 30a35; old toms, 25a2s; poor and crooked breasts, 20: voung chickens, 28a30; old and mixed, 25a28 roosters, 16a17; ducks, 27a32; geese, 20a25; capons, pound, 37a38; medium, 8536 small slips, 30232, Eggs—Loss off, native and nearby firsts, dozen, 36; southern, 35. Butter—Creamery, fancy, pound, 61 ab2; prints, 52a54: nearby creamery, 46a48; ladles, 35a40; rolls, 37a38; store packed, 36a37; dairy prints, 37a3s; i process butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, March 3.—Hogs—Re- ceipts, 12,000 head; mostly 10 higher: bulk desirable, 160 to 210 1b. aver- ages. 8.35a8.40; top, 8.45; bulk 240 to 300 1t butchers, §.15a8 few pack- ing sows, 7.00a7.30; common to me. dium pigs, 6.00a7.00; estimated hold- over, 2.500 head; heavy-weight hogs, 8.05a8.25; medium. 8.15a8.40; light, 8.25a8.45; light light, 7.7528.40; pack- | ing sows, smooth, 7.15a7.50; packing sows, rough, 6.8527.20; killing pigs, 6.00a8.00. Cattle—Reoeipts. 500 head; com- pared weel ago: Beef steers and yearlings weak to 25 lower, medium- grade yearlings showing most de- cline; killing quality beef steers mostly medium to good; numerous loads at and above 10.00: extreme top matured steers, 10.50; best vearlings in load lots, 10.10; few, 10.25a10.50; better grades beef cows and medium to good beef heifers, mostly 40 to 75 lower, spots off more on medium beef heifers; canners, cutters and bologna bulls, 15 to 25 lower; veal calves, unevenly 1.50 to 2.00 lower; lower grades around steady. bulk prices follow: Beef steers, 8.00a9.65; stockers and feeders, 6.23a7.75; 4.50a7.00; canners and cut- ters, 3.15a4.15; veal calves, 9.50a10.50, Sheep—Receipts, 1,000 head; mar- ket for the week: Fat wooled lambs, |mostly steady; some weakness at | close; week’s top, 15.50; bulk offer- ings weighty: sheep steady to strong; best handy-weight wooled vearlings, 113.25; choice light ewes, 8.75; shear- ers free buyers. Bulks follow: It wooled lambs, 14.50a15.25; clipped lambs, 12.00a12.50; vearlings, 12.50a wethers, 8.5029.00; ewes, 6.50a feeding and shearing lambs, 10.85 (Spe- Turkeys, pound, Brussels <prouts, 2Ga35. Sauash. | Li poor and crooked | | tashion i | fac { | NILIONS O GAIS INPREE ADVANE Astonishing Rise in Values of Commodities Not Yet End- ed, Expert Asserts. BY J. C. rox Special Dispated to The Star. NEW YORK, March 3.—Stock= a dozen fmportant and necessa modities in the United States worth millions of dollars mare than they were have surged in to a we forward that ti silk, rubber. zine. and ot Whethe: whether or not are justifi they are to be permitted there is cvery that the general tide of prices is ris Optimists are alreely raising their telescopes toward still higher figures for the not distant future. But fore sighted financiers, manufacturers and ants are on guard against un- speculation or inflation and are prepared to take steps to prevent prices from f hand. with @ consequent s 5 fullowed the peak perioe diet evidence ent Cotton, jhas brought 35,000,000 <3 tive today with a possible ionths in sight the south are tton before the with a correspond- crease in cotton goods declare that it will be a battla betweer increaved acreage with planting stimulated present high prices and a_combination of labor tage and boll weevil damags, the e being dependent on which i victorious. Possible strikes by textile workers for higher wages also may prove a factor i» cloth situatiorn especially in New England Steel Alxo Moves Up. Steel companics a their orders in spite prices. Demand now is led do; oil industry, where advances in crude have spurred activity. Oil companic are in the market for increasing ton nages of plates f ike. pipe and ther equipment tremendou output of the automobile factories has been again specded up. with an addi tional demand on the stecl producers while new building is accounting for a growing amount of structural steel Every indication poinds to a big automobile year, and oil and gasoline producers have not overiooked that Production new drilling operations ar ushed and crud is being tur gas in prepara tion for spr and as the price moves up. Advances in Vetal hed hard § of the to fil Copper round, { talking | | | 3 orjto 'm.- { market control Surplus of | pound: | | in | heel pro price today during the early dealings|reach 300.000 i fore July 1. when the new domestic crop | sand board _to b { for building material An advance in Liverpool quotations was | rained part t e, | tained afte which ranged from 3 to 1 cent lower. |vance. W heat. | 1 Tnai ihir:h 45 to 451, and later showed a ! place is a e |and unskilled jers has produc |among 1.187, | mines and mills | (Copris Domestic Feavy. It higher pr els rather ed. Copper and s M are vorking i speed xports Germany xland o and Ttaly ha theloss rise least ir 10 world it Déen heavy been due stabilizat In of words oducad Ch ted. evenin erican product. mined higher cost Lead moved to the highe: more than two years. at & tin_was " jumped to cents and sily ch showed in part the put of cheaply 1 S Deenirestri ard zine provenient Rubber ¥ Halt. manufac its upwa n spite of pre continued urse to 361 a pound. Not only has ire production incieased, but rubhe it is estimated, wil ' ar. Raw silk touc the hizh <t mark si he s 0, but | this price did not serve o halt manu cture. the ific north west have I «d 81 to $2 a thou response to inquir Sugar has re £ the loss in priee sus first _meteoric ad ¥. But with higher growers 1.145% to 1.16. was followed by a mate- | prices. are heavily Tnemplo; rial plants above norm has prac are operating Unemployment ppeared and in it of labor. skilled demand for work- age Increases this the artisans and killed workers of week both the amo: |FELD DAY FOR BEAR VAT AT Today's Reports of Better Crop Out- look Cause Heavy Selling Wave. Special Dispateh to The Star. CHICAGO, March —1It was a fie day for wheat bears tod The re maining prop under the bull struc- ture was pulled out from under by old | nature, beneficial rains being shown over the many parts of the dry sec tions of the west and southwest. The extent of the rains was not inquired into, but longs realizing that the crop ccare became more remote because of the precipitation and unloaded. T} only buying was by shorts, who tor profits on the dip. ven a cent advance in Aires failed to stimulate buyin power. The profit taking by she is all that held the decline in check Armour Grain Company's statistician figures that if world exports con- tinue of the same volume they have up to March 1 the world will carry over 247,000.000 bushels next July, compared with 176,000,000 bushels a year ago. Winnipeg advised that there 000,000 bushels of Canadian whes lower lakes on the United Stat which cannot be moved to tide water because of the shortage of motive power on American railways There was little milling demand for wheat, and one of the local mills wili shut down next week because of the lack of orders. Export trade is quiet cbraska state hoard of agricuiture makes condition of winter crop 6. Market closed s to 2 cents lowe May, 1. July, 1.13%al1 September, OMAHA FIRM HEAD DIES. OMAHA, Neb. March 3.—Arthur Crittenden Smith, sixty, chairman of the board of directors of M. E. Smith & Co. of Omaha, died of pneumonia here early toda Smith was born at Cincinnatu Buen te % 1.11%. ¥ Model Man. From London Ieal District Visitor—What a well-ve- haved little boy yours is, Mrs. Blobbx. Mrs. Blobbs—Yes, just like his fa- ther. My husband always gets a few weeks taken off his sentence for good conduct.”