Evening Star Newspaper, March 5, 1923, Page 22

. FIN 29 - —— RHET GONG P TODFAST, S CLAM Expert Believes Stocks Are Near Danger Zone as Prices Continue to Soar. BY STUART P. W Bpecial Dispateh to The Star. NEW YORK, March 5.—The pre- vailing Wall street opinion today | was that the market had entered the danger stage, vet that there were no immediate signs of a serious setback. Conservative people would have pre- ferred to see the demonstration In the rails, which began Saturday, con- tinue and the highly speculative in- dustrials take a back seat, but this| did not happen. There was further buying in the rallway group for the first half hour or 8o, in the course of which New | York Central crossed par for the first | time this year, Northern Pacific sold well abgve 81 and Great Northern preferced touched 80. But as soon as 1he pools got going again in indus- Liigt Speclalties interest quickly shift- ed back to this class of stocks. Many Sharp Advances. A violent jump in United Raflway erred fitted in_with intimations which have been heard { for some time that a plan was being | worked oyt under which the arrears in back dividends would be provided for. The common stock crossed .\ aL which price it was up over 5 points from a wee nearly 9 points from the low of the year. Big earnings and a favorable out- look for their continuing were the motive back of the upbidding of the motor supply stocks. The shipping group were active and strong. Atlan- tic Gulf was bought again on the re- | ~vised estimates regarding its annual report. Whife Motor and Mack Trucks rosc sharply, the former on the ground | that present earnings are running at | the rate of $16 a share, and would easily permit an increased dividend. Despite the further advance in the copper metal the rise in the copper stocks checked The street no longer felt so much confidence about an immediate increase in the Kenne- cott dividend and this was one reason for the heavy profit-taking in_this #tock and in other members of the groun. Review and Outlook. There was very little ol nge in the wvarious aspects of the financial sit- uation as the new week began today Some violent advances occurred again on the stock exchange of the Tt that were unpleasantly n-iu\(nis(‘enli of October, 1919. Undoubtedly these performances were Tepugnant to conservative sentiment and stimulated profit taking and dis- tributive sales in other parts of the list. H But this selling was not heavy enough to | discourage the activitics of speculative cliques, which went about marking up prices ‘in the fndustrial section with the utmost boldness. The atmosphere filled with rumors of “deals” between this and that manu- facturing company, and there was a great deal of talk about more stock vidends and larger ash distributions. xperience has always shown that nine- tenths of these stories in the end are not borne out. i Suh operations as went in the motor supply stocks, in the can shares and in one or two other of the speculative favorites were of the extravagant sort which often char- acterize the later stages of a pro- Jonged upward swing. Setting Dangerous Pace. Over the week end trade advices nearly of the highly optimistic lielped along the upward movement. Xven thore in close touch with Wall Etreet affairs have not heen prepared for so rapid an expansion in busi- ness transactions and so extensive a rige in commodity prices as are now being disciosed by the completed summaries for the month of Februar The speculative element will at- (Nn?\l to defend the violence of the Wall street rise on this ground. But granting that the extent of the trade 4mprovement had not heen properly &auged even by the most sanguine at the beginning of the year, the market es it was going last week and again todey was setting a pretty dangerous pace. The great activity of the specula- tive stock market overshadowed everything else in the day's happen- fngs. The investment market was vers little changed one way or the other. It is still waiting to see whether the constantly increasing trade de- mands along with the growing credit necessities in connection with the all street rise will not cause a fur- ther hardening of money rates. If this occurs it will be a test for the' present level of hond values. All of the motor accessory com- panies continue to report excellent business. Stewart Warner, Strom- berg and Bosch Masneto stocks were | the leaders of this group. In the| case of the first named the anticipa- { 17on that a substantial extra dividend | wither in stock or cash will be de- clared at the next meeting, to be held on _tor ANCIA " NG _STAR, WASHINGTON, D. (. MONDAY MARCH 5, 1923 [[NEW YORK STOCK EXCHANGE For Revised Close of Stack Market see 5:30 Edition of The Evening Star. Low. Close. Adams Expre: Adv Rumley.... Adv Rumley pf. Alr Reduction. . Ajax Rubber. Alaska Juneau. Allled Chemical. Allied Chem pf.. Allls Chalmers. . Allls Chalm pf. . Am Agr Chem. . AmAgrChempt. Am Beet Sugar. Am Car & F pt.. Am Chicle Co. .. Am Cotton Ofl. . Am Druggist. Am Hide&Leath AmHide&Lea pt AmIce.. . Am Internatl... Am La France.. Am Linseed. Am Linseed pf. . Am Locomotive. AmLocopf..... Am Metals Am Radiator. .. Am Roll Mill pf. Am Safe Razor.. Am Ship & Com. Am Smelting. .. Am Smelting pf. Am Steel Fdy. Am Sugar. . Am Sumatra. Am Sumatra nf. Am Tel & Teleg Am Tobhacco. ... Am Tabaceo (B) AmW Wi 6% nt Am Woolen. . Am Woolen pf.. Am Writ Prpf. . Am Zine & Lead. Anaconda. . Ann Arhor nf. Asso Dry Goo, Associated Ofl. . Atchison. .. Atchison pf..... Atlan Cst Line.. Atlantic Fruit.. Atlantic Guif. .. Atlantic Guif of Atlas Tack..... Austin Nichols. . Baldwin Laco Balto & Ohlo. ... Palto & Ohio pf. Bang & Ar'nst'k *Bank of Com Barnesdall (A). {Rayuk Rros. Bayuk Bros pf.. Beth Steel...... Beth Steel (B).. Beth Stl 7% (n) . Br Em Stl 2d pt. Rkiyn Edison. .. Bklyn Rap Tran Bklyn R Tr ctfs. Rrown Shoe. ... Buffalo & Susque Burns Bros (A). Butte Copper. .. Butte&Superior. Butterick. Caddo Oil. California Fack. Calif Petrol.. Calif Petrol pf.. Callahan Zinc. . Calumet & Ariz. Canad’r. Pacif Case Plow Wks. Central Leather Central Leath pf Cerre de Pasco. . Certain-Teed. .. Chandler Motor. Chesap & Ohlo. . Ches & Opf wi. Chi & Alton. ... Chi & Alton pf.. Chi & EastIil... Chi & East 111 pt Chi Great West. Chi Great W pt. Chi Mil & St P. ChiMil & StPpt. Chi & Northwn. Chi Pheu Tool ChiRT& Pacific Chi R I&P 6% pf ChiRI & P7%Dt Chi St P M & Om Chile Copper. Chino Copper. .. CCC & St Louis Coca-Cola...... Colo Fuel . Colo & Southern | Colo & South 1st { Columbia Gas. .. Columb’a Graph Colum Graph pf. Cons Clgar Consol Gas new. Cons Textile. ... ContCan... 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 pf... Davidson Chem. De Beers. Del & Hudson D Lack & Wst hortly. Strombers is also excellent earnings. Bosch Magneto is *howing Improved carnningy - each week and production is far behind demand. There is a chance that Bosch will be put back on the divi- dend 1ist later in the vear. Latest figures regarding the de- mand for Chandler cars show that the company is far behind in produc- tion. An official today said that olose | 0 1,500 cars were sold on five days of last week alone, whereas, the com- pany will not be able to turn out more than 2,500 cars in a month. Th “handler directors will meet for divi dend action on Friday when the regu- ular $1.50 quarterly will be declared. Much Shifting by Trades. ‘The stock market of the afternoon was a succession of feverish shifts from one stt of stocks to another as the nimble trading element endeavor- ~d to get out of things that were not moving into things that were. These operations brought about Irregularity in the course of which some of the early leaders came down a point or ntore whole new leaders were shoot- ing up. American and California_Petroleum were rushed up again, the former to a new high. The oils became stronger under the lead of Cosden, which on jarge tranactions again crossed the 60 mark. The annual report of Owens Bottle, which showed earnings of over %1 a share, was worth a point to the stock in the early market. But most of this advance was relinquished later on. Maxwell Motors did the best of any of the automobile stocks in the late irading. The steels showed no dis- position to continue their advance, arnd along with most of the coppers felt the effect of heavy realizing. (Copyright, 1923.) APPLES OFF 50 CENTS. NEW YORK, March § (Special).—The market for barreled apples declined fully 50 cents per barrel, especially for “A” grade 21 inch Baldwins and Greenings. There were fifty-six car- loads of barreled apples received from central and western New York and the Hudson valley. The market was weak under increased supplies, @nd considerable frult was not un- Joaded. WOOL MARKET QUIET. BOSTON, March 6§ (S8pecial).—The Summer street wool market showed no great activity today. The center of interest was in the contracting for the clips in the west. It Is estimated about 5,000,000 pounds have been co fracted for, and it is reported one Jarge manufacturer has been active in tiis fleld. foreign markets were £i tofay and a large quantity of iorelgn wool is afriving here. Pries . “@ae unchanged here, ° advancing on Detroit United. . Dome Mines. ... DuSS & Atlan. . Dupont (ED). Eastman Kodak Elec Stor Bat... Elk Horn Coal. . Emeérson-Brt pf. Endicott-John. . Erie - Erie 1st p! . Exchange Buff.. Fairbanks Co. .. FamousPlayers. Fd Mines & S pf. FifthAvBusw 1. Fisher B of O pf. Fisk Rubber. Fleishman. Z Freeport Texas. Gen Am Tank pf Gen Asphalt.... Gen Baking. Gen Elec:ric. Gen Elec spl w 1. Gen Motors. ... Gen Mot 7% deb. Glidden Goldwin Corp Goodrlen. . Goodrich pf. Granby Consol. Gray & Davis... @t Northern pf.. Great Nor Ore.. Gt West Su pf.. Greene-Cananea Guantanamo Su. Guif Mo & Nor... Gulf Mo & Norpf Quit St Steel..... Harbishaw Cab. Hartman Corp. . Hayes Wheel. { Hendee Mfg Homestake. Houston Oll...... Hudson Motors. Hupp Motor! Hydraulic Steel. Illinois Central. Indiahoma. .. Inspiration. Interboro Me Interborough pf Interbor RapTr. 1InAgaChemical Int Cement..... InCombustion B Int & Grt North. Int Mer Marin, Int M Marine pf. 1nt Nickel . Int Nickel pf. 1ntl Paper. Intl Paper (sta). Intertype Corp Invincible Oll Iron Products Island Oil. Jewel Tea. Jones Tea.... Open. 81% - 17% “ 61 65% 13% 14 6% 11% 50% 96 34 66% 44 495 102% 185% Low. 80 1% 51 8% 13% 1% 76% 11% 50 96 4 105% Close. 81 19% 62 65% 18% | 1% 6% 111% 50 98 B4% 66% 44% 534 105% 185 123% M 16% 7 13% 74 29% 12% 865 58 128% 121 - B4t /2% 9% 8% 18% 68 101% 39% 81% 32% 64 125 157% 155 54 105% 110% 284 18% 53 ° 41% 73 130% 104% 0% 1237 2% 28% 247 184 31% 138% 55 60% 94 297 30% 58 115 Kansas & Gulf. . Kansas City Sou Kansas C Sou pf Kayser (Julius) Kelly-Spr Tire. . Kelsey Wheel. . Kennecott. . Keystone Tire Lee T & Rubber. Lehigh Valley Lima Locomo. Loews Inc. Loft Inc Lorillard (P)... Loose-Wiles. ... Louls & Nash. Mack Tru Mack Truck 1st. Mack Truck 2d. Magma Copper. Mallison & Co.. Manati Sugar. . Manat! Sugar pt Manhattan Elev. ::nn:ulln Ects anhattan Shirt Market St Ry... Market 8t pf.... Market St Ry 2d Market St prior. Marland Oil. Marlin-Rockwl. Martin-Parry.. Mathison Alkill. Maxwell (A)... Maxwell (B)... May Dept Stores McIntyre Porcu. Met Edison pf. Mex Seaboard. .. Mex Sbd ctfs Miami Copper.. Middle StOMl. .. Midvale Steel. Minn & St L (n). Min St P&S S M. M St P & SSM pt Mo, K& Twi... Mo, K & T pf wi. Mo Pacific. ... Mo Pacific pt Montana Power. Montgom'y W'rd Moon Motors. Mother Lode. Mullins Body . Natl Biscuit w 1. Natl Acme. Natl Cloak & S.. atl Cloak&S pt atl Condult. .. atl Enameling Natl Lead Nat R of Mx 1st. Natl Ry of M 2d. evada Copper. Or Tex & Mex. N Y Air Brake. . N Y Air Brk (A) N Y Central. Y Chi&St L1s Y Dock... Y NH & Hartfd. Y O & Western i Falls Pow pf. orfolk & West North Amer wi.. orth American orth Amer pt. North Paclfic Ohio Bdy & Blw. Oklahoma Prod. Orpheum Circuit Otis Elevator. Otis Steel. ... Otls Steel pf.. Owens Bottle. Pacific Develop. Pacific Mail. Facific Ofl. Packard Motor. Packard Mot pf. Pan-Am Pete. .. Pan-Am Pet (B) Parrish & Bing. Pennsylvania Penn Seabd Stl. People’s Gas. Pere Marquette. Pere Marq pf Pere Mraq pr p Philadelphia Co. Phillips Pete. .. Pierce-Arrow. .. Plerce-Arrow rts Plerce-Arrow pf Flerce Ol E Pierce Oil pf. Piggly-Wiggly. Pitts & W Va Pitts Coal. . Pitts Coal pf. Postum Cereal Eressed Stl Car. Eroducers& Ref Prod & Refpf. .. Pub Serv of NJ. Pullman Co..... Punta Alegre. Pure Oil. Pure Oil 8% pt. Raiiway St Spr. Ray Con Copper Reading........ Remington. .. Replogle Steel Rep Ir & Steel Rep Ir & Stifpt Reynolds Spring Reynolds Spr rts. Rey Tobac (B).. Royal Dutch. ... St Joseph Lead. . St L & San Sran. St L & San Sr pf. St L Southwn. St L Soutawn pf San Cecilia Sug. Savage Arms. .. Seaboard Afr L. Seaboard 4 L pf Sears Roebuck.. Seneca. Copper, Shell Tr & Tran Shell Union..... Shell Union pf Stmms Petrol. Simmons. : Sinclair Oil Sinclair pf.. Skelly Oil. Sidss-Shefti So Porto Sugar. South Pacific Southern Rwy. Southern Ry pf. Spicer Mfg Co. St Ofl of Calif. StOllof NJ wi. StOilof NJ pf.. SteeL.& Tube pt. 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&OIl Third Avenue. .. Tide Water Oil. . Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Prod pf. Tol StL & W pf. Trans Contl Ol Twin CR Tran.. Union Pacific. .. Union Tank Car Un Tank Cr pf.. Un Alloy Steel. . United Drug. ... United Drug 1st. United Ry In Utd Ry Inv pf... Unit Retail Strs. U S Cast Ir Pipe. U SCastIrPpf. U S Food Prod. . U S Hoffman Mct U S Indus Alco.. USRealty.. U S Realty pf. U 8 Rubber. . U S Smelt & Ref USSmelt&Rpf. Utah Securities. Vanadium Corp. Va-Cr Chemical. Va-Car Chem pt ValrCoal&C.. ValrC&Cokepft. Vivadou... Open.. 2% 24% 56% 43% b4% 112 44% 9% 30% 0% 6874 19% 10% 175 59 152 6% 9674 92 37% 35 63 89 54% 43% 46% 1% 45 30 71 41% 18 1% 5 5. 18 51% 61% 27 22% 1% 142 89% 68% 84 18 53% 11% 63% 143% 95 111% 37 824 60 43 46% 22% 43% 24% 66% (1 81% 19% High. 2% 24% 57% 43% 56% 114 44% 9% 30% T0% 69% 19% 10% 175 59 162 TT% 9% 92 871 35 83 8914 54% 434% 4674 124 46 304 72% 43% 14 3% 61 60 18% 7% 18ty 98% 18% 181y 30% 12 32 9 3% 95% 16% 444 18% 48k 3% 264 24 13% 27 42% 1519 63% 10044 1 T 134 9% 4% 185 94% 26 125 66% b65% 48% 101% 133% 59% 30 98% 118% 167 80% 2% 24 56% 42% 54% 112 43% 8% 304 89% 88% 19% 10% 175 58 151% 6 96% 92 36% 84% 63 89% 54% 42% 463 114 45 30 71 41% 13 31% 601 524 16' T4 18% 98% 18 17% 207 11% 31 8% 1% 91 16 a3ta 18% 48 1% 247 28% 13 27 42% 15 63% 1004 1 69 133 125 66% 53% 48% 100% 131% Rl 304 98% 18 16% 80 46% . 4374 29% 61 95 22% 9% 57% 62% 21% 26% 50 35% 62% 4% 26% T 12% 90 12 38% 16% % 14% 29% 34 97 13 58% 58% 4% 34% 69% 25% 62% 44% 117% 103% 66% 121 93 124 12% 6% 2% 12% 61% 61% 27 22% 1% 142 30% 59 84% 113 53% 1% 63% 144% 95 111% 37% 82% 48 21 106 108% 60% 43 46% 108% 120% 6T% 6% 23% 43% 24% 67 o8 81% 19% 28% 59% 94% 19% 7 5T 52 214 26% 49 35% 62 1% 138 39% 584 834 112% 53% 11% 83% 143 95 111% 36% 82 48 19% 57% 81% 32% n% 4% 20 68% 103% 107 60 42% 46% 108 120 67% 6% 22% 42% 24% 66% (3] 81% 19 24 24 674 42% 56% 1s 44% % 30% 69% 68% 19% 10% 175 58 161% 6% 6% 92 36% 34% 63 893 54% 42% 467% 1241 43 30 72% 43% 14 1% 6033 60 18 4% 1814 98% 18% 18% 304 11% 31% 9 3% 95% 16Y% 44% 18% 48 3% 247 23% 13 27 TN " 12% 65% 98la 125 59 | the opening, March and May being 3 Montana Power bs 30t 14y 118% 167 80 46% 28% 59% 95 63 58% 108% 85% 121 92% 124 12 64 2 12% 51% 61 26% 22% 17% 138 89% 58% 83% 112 53% 11% 63% 143 95 111% 37 B2% 48 21 62 81% 32% n% 4% 20 68% 106 108 60 2% 46% 108 120% 6T% 6% 22% 42% 24% 67 68 81% 19% OPENING IS QUIET | [oxxzv voxx BONDS smocx sxcannce | N BOND MARKET |Week’s Trading Begins With Few Changes in Quotations. Libertys Irregular. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, March market opened the week without much change in the situation. While there is no particular pressure to sell, on the other hand there was no in- crease of buying power. Many bénd traders expressed the opinion that until the stock speculation has run its course there was not likely to be much advance in quotations for secur- ities with a fixed return. 5.—The bend St. Paul Issues Firm. In other quarters it wa cut that, security consiered, bonds were relatively cheaper than 8tocks. The more favorable returns from the railroads showed in the market for speculative _raflroad bonds _today. Ail the St. Paul issues were notably firm with the largest advances scored by the long-term convertible 68 and the debenture 4s. Chicago and Alton 315, the second mortgage on the sys- tem, went up more than a point, and board Air Line 6s. perhaps the most speculative of this road’s ob- ligations, gained another point. Chicago Great Western 4s were an- ot example of the class of bond in demanc Chicago Great Western did not earn fixed charges last year. but the belfef that all the raliroads, weak and strong alike, are in for better things expressed itself in advancing quo- tations for the bon Baltimore and Ohio convertible 4%% went up frac- tionally again Louis-San Fran- cisco Income 6s gained a point. lirie issues did better. Second Grades Higher. Among econd-grade issues Rock Island refunding 45 were higher. High-grade investment issues were little changed. Atchison General 4s went up a fraction and then dvopped back. In the past two months this bond has fluctuated over a range of only 2% points Libertys were irregular, but at least they showed no tendency to go much lower. Among foreign bonds the Mexican 5s and Serbian 8s sold high- er, but otherwise quotations were about the same as last week SHORTS DRIVE UP PRIGES OF COTTON All Months Score New High Records for Season in Today’s Trading. pointed . March 5.-—Shorts covered in the cotton market today {and put prices up on themselves, all months making new high records for the season March rose to 30.74. May to 30.46 and October to 26.73 in the first half i hour of th At these levels prices were points up. Oc- {tober wus the strongest month as result of the pressure to buy by traders who were afrald ntinued wet weather in the portion of the belt. reporting more bu: both India and China also btton opened ay, 30.20; December, session, 4 to 41 the « | ness w | stimulated buying | steas March. : 1 Jul October, 26. New York Prices Alno Rally. NEW YORK. March 5.—The cotton was somewhat irregular at H points lower, but July and later e 15 to 17 points higher land the tone the market was firm jon firm late cables from Liverpool, ireports of a better business in Man- ichester and continued covering by {new crop shorts. May contracts soon jrallied from 3 to 30.86, or 8 points inet higher, while October sold up to S during the early trading of 21 bove Saturday closing quota- Cotton futures_ opened firm: . 30.65; May her, 26.45. 5.—Noon May, 30.34; July, December, 26.05. W YORK, March March. 30.60: May, October, 26.96, Decemb LIVERPOOL COTTON. LIVERPOOL, MArch 5.—Cotton, spot, quiet; prices steady; good middling, 16.80; fully middling, 16.65; middling, 16.55; low middling, 16.30; good ordi- ', 15.50; ordinary, 15.50. Sales, {5,000 bales, 'including 3,200 American { Recelpts, 12,000 bdles, including 3,600 American. Futures closed steady { March, 16.20; May, 16.10; July, 15.80 i October, 14.64; December, 14. L 14.1 _— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) «——nNoon.. Ibgemllrr 15. 1923, P : 1 4% 4lan - 4%s December 13 4% March 15, 162 | 414% September 1 . ! &% December 15, 1927 J GARY BUYS ITALIAN LAND. ROME, March 6.—E. H. Gary, chair- man of the United States Steel Cor- poration, has obtained an interest in a large Italian land reclamation proj- tect, it was announced here by Di- rector Civelli of the fascisti co-opera- | tive syndicate. N —— 10% 81% 43 13% 13 14 24% 19% 62 116% 119% 65% 10 17% 29 b4 4% 12% 40% ™% % 52% 52% 211% 211% % 10% 31% 43 13% 113 14 24% 20% 63% 115% 119% 66% 10 1% 29 57 4% 12% 41 10% 30% 42% 18% 113 13% 23% 19% 62 114% 119% 64% 10 1% 28% 543 4% 12% 40% 50% ‘Wabash pf (A) Waldorf System. ‘Web & Heilbrn. Western Elec pf ‘Western Md. ‘Western Md 2 Western Pacific. ‘Western Pac pf. ‘Western Union. West Alr Brke. . Westhse E1 & M Wheeling & L B Wheel & L E pf. White Eagle Oil White Motor. ... ‘White Oil Wickwire... ‘Wilson Co willys-Overld. -Overld pf Woolworth ‘Wright Aer . Youngstn Tube. Call Money..... HOURLY SALES 11am.. 844400 13 m. 1pm. 778400 2pm Man- | 5; July, 29.85; | Received by Private Wire Direct to The Star Office. ’ For Revised Close of Bond Market see 5:30 Edition of The Evening Star. (Sales are in $1,000.) UNITED STATES BONDS. Bales. High. Low. | Close. 10118 10134 9806 9810 9784 9788 9836 9838 9800 9806 100 04 10006 Lib3%s. Lib1st4ys... Lib2d 43 Lib 3d 43 Lib 4th 4% Victory 4%s. . US4%s1962.. 287 101 34 18 9814 288 9794 839 9850 524 9816 46 10008 30 9968 FOREIGN. ». High. 8 102% 99 9 9% 23 6 83% 95% 102% 100% 101% 100% 9% 104 102 62% 110% 8915 99% 89 109% 974 94% 94Y 88 964 93% 98 9% 20% 90% 93% 4 92% 81'% 83% 6% b7% 37 90 9% 99 714 7474 108% 100% 93% 93%% 98 9% 85 64 76 Close. 102% 29 93% 97% 2% 6% 83% 95% 102% 1004 101% 100% 99% 104 101% B52% 110% 891 99% 88% 109% 9% 941y 94% 88 96% 92% 98 90% 93% 92% 81% 83% 5% 66'2 369 Low. 102% 98% 93% 97% 92% 6% 82% 9514 102% 100% 101% 100% 99% 104 101% 524 110% 89 99% 88l 109% 9% 94% 93% 88 96% 92% Argentine 7 2 Belgium 7% Belgium 6; Belgium Bollvia 8 Bordeaux Brazil 7s Brazil 8s. .. Brazil 7%s. ... Canada 65 1926. Canada 6% 192! Canada 58 1931. Canada 5s 1952. Chile 85 1946 Chile 85 1926 : Chinese Gov Ry bs. Christiania 8s. ... Copenhagen 5%s Cuba 63%s w1 Czechoslovakia 8s. Denmark 8s Denmark Gs 7 Dutch East I 63°4 Dutch East I 63 62 FramericunID7%¢ French Govt 8s. ... French Govt 7%s. . Haltl 65 ctfs. Holland-Am's f 6; Japanese 1st 435, Japanese 2d 4%s. Japanese 45 5 Jergen UM 6s°47. . Lyons 6s ceeee Mexlco 5. Mexico 4s. . Montevideo 7s Netherlands 6s. Norway 6s ctfs Paris-Ly's-Med 6s. Prague 7%s. Queensland 7s Queensland 6 Rlo de Jan 8s 1946. Rio de Jan 8s 194 Sao Paulo, City, 8s. Sao Paulo,State, 83 Seine, Dept of, 7s. . Serbs CrotsSiov 8; Soissons 6 Sweden 68 Swiss Conf. Ud King'm 5% " Ud King'm 5%s 37 UnSteam Copen 6s. Uruguay 8 : Zurich 8s. 58T aaamand s MISCELLANEOUS. Ajax Rubber }Am Agr Chem 1 Am Cotton Oil 5 AmSmelt&R istis Am Sugar Ref 6s AmT& Tov6s.... AmT& Teltrss AmT& Tl trds Anaconda cv db Anaconda 1st 6. Armour & Co 4%s. Atlantic Refin 5s.. Bell Tale PaSarcts Bell Tele Pa7s.... Bethieh'm Stl rf 53 Beth'm Stl p m 6s.. Beth'm Stlsf 6s... Brier H St 1st 51:8 ! Bklyn Edison 7s D. { Bush T Bldg &5 '60. Central Leather &8 Cerro de Pasco 8s. ! Chile Copper 6s i Chile Copper 7s. | Con Coal Md 1st 55 Cub Cane Scvd 8s. 1 Det Edison ref 8s. . Du Pontde N 7%s. Duquesne Lt T%s. 43 | Duquesne Light 6s 23 | E Cuba Sug 7%s. . 235 Emplire F&G 7% 7 Fisk Rubber §s Gen Elec deb is Goodr'h (BF) 6%s. Goodyear Tr 8s'31. |Goodyear Tr 8 41. Humble O&R 5%s. Indiana Steel 5s. Int Mer Marine 6s. | Int Paper 1st 68 B. Kelly-Sp'gfield 8s Liggett & Myers 7s | Magma Cop cv 7s. . Manati Sug st T%s Mexican Petrol §s. Mich St Tel 1at bs Midvale Steel 5s. ... 98% 146% 103 120 88% 95% 102% 108 107% 104% 107% 93% 107% 102's 1014 104% 116 98% 1004 86 86 109% 116 119 99 108% 99% 8814 96 831 110 L 99 105% 93 93% 8974 1077 101 91 91 107% | Morris&Colstdl%s { NY Edison 1st 6%s NYGELH&P bs. N Y Tel 6s°41 N Y Tel 4%s. N Am Edison 6s N States Pow 58 Northwst B Tel 7s. Otis Steel 85 . Pacific Gas & E15s iPacT & T 5s'52... Packard Motor 8s. Phila Coref 6s A Producers & Rf 8s. Public Service 5s i Punta Alegre 7s... !Sinclalr Of17s. ... | Sin Crude Oil 5% ! Stn Pipe Line 6: { South Bell Tel 68 So Por Rico Sug 7s St Oil of Calif 7s... Steel & Tube Tide Wat Oil 612s. Tobacco Prod sf 7s Toledo Ed'n 1st 7s. USRub 1at 1f 68 U S Rubber 7%s... U S Steel s f 5s. Utah Pow & Lt 5s. Va-Car Chem 7s... Va-Car Ch 7%s Warner Sugar 7s.. West Union 6%s Wickwire Spen 7: Wilson & Co 1t 68 Wilson&C cv 73%s. Wilson & Co cv 63. Winch'tr Ams 7%s —— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ——Noon.—— 1% 033. 105% 4 106% 1021 103 4 103% 106% 87% 108 103t 894 974 96% 5 104% 109% 9714 101 1027% 5% 101% 6 1027% 1 95% 9102 101% Ofter. Aluminum Co. of Amer. 7 103% Aluminum Co. of Amer. T8 American Cotton OIl 6e 102 American Sugar 6s 1087. American Tel. & Tel. 65 American Tel & el Anaconda Copper 3 Anaconda Copper 7s 1920...... Auglo-American_O1l 73s 1925, Armour & Co. T8 1 isell Tel. of Can. 7s 1025 Methlehem Steel 78 1923 Canadian Nor. 5igs 192 Canadian Paclfic 6a 1924 Central Leather Bs 1025 C., C., C. & Bt. L. 64 192 SapEe Tl e bu Pon T. & R. 8 1931 s 1936, Sl s 103 X Union Tank Car Western Union 6 Weat'house EL & Wrg, 7 SCalied April 28, 1 tCalled April 1, 1628, . Banana Seed: The banana is popularly supposed to be seedless, but its seeds are known to botanists. De Candolle mentions that they are seldom produced by the cultivated varieti t {8 the culti- vated bananas that reach consumers in Europe and America, the source of these being the West Indle: A correspondent of the Discovery Magasine states that he lived many years in India before seeing & seed, and then only after being sent to Bengal. There he came across seeds only four or five times in eating the fruit. He saw bunches of fine, large the growing plants, how- nd these were led eded bananas,” proving to be well filled with flattened black beanlike seeds a tweltth of an inch thick. 9956 9956 (B&O RAILROADS. . Low, Close. Ann Arbor 4s. 65 65 Atchison gen 4 87% 88 80 81% 86% 86% 81% 81% 9% 94% % 1% 100 100% 81 81% 821% 82% 74 4% 93% 93% 66% 65% 64 75 64 % 93% 93% 93% 981 89% 90% 114% 114% 112% 112% 9% T9% 84% 84% 93 87% 83% 52% 27% 98% 9% 62% 62 & O SWdlv 3%4s. B & O Toledo 4:.5 . BklynR T 4s 2002. Bklyn R T bs. . . Bklyn R T 7 ‘3] BKIRT 75 *21 ot Buft R&Pitts 41 Canadian North 7s. Canad North 614 Canad Pac deb 4s.. Central Pacific 4s. Ches & Ohlo cv § Ches & O cv 4%s.. . Ches & O gn 4 Ya Chi & Alton 35 .. Chi& Alton 3144. . ChiB&Q 1st rf 5s. . Chl & E1Il gn 5s. . Chi Great West 45, ChI M&S P rf 4%s. ChiM&St P cv Bs. . (o ChIM&St P 4s '25.. 29 £ ChIME&S P cv 415,142 67% Chi& NW 6145 o Chi& N'W 78 1085 Chi Rys ba. 80 8% 4% 101 93 108% 83% 83 86% 100 54% 82% 56% 104 4T 9 51% 1044 114% 108% 100% 1% - 20% 63 84% 101% T1% 98% 4% 6% 671% 84% 8015 93% 91 102% T Del & Hd 1st rf 4s Del & Hudson 5148 D&RG 1st rf 53, . Det United 4145, .. rie 1st con 4s rie con ext 7s. Frfe gen 4s Erie conv 4 Frie conv 48 D Gr Trunk sf deb 6 Grand Trunk 7s. GrNorth gen 7s. .. Gr North gen 53%5. Green B& W db B. Hud & Man ref 5s. Hud & Man aj 55 Tl Central ref 4s. 111 Central 51, Int Rap Tran 5 Int R Transit 7s Int & G Nor aj 6 Kan City Ft S 4s.. Kansas City S 3s. . g Sou bs. .. Kan City Term 4s. Lake Shore 4s°28.", Lake Shore 4531, Lehigh Valley 6s.. Long Island rf 4s. . Lculs & Nash 5%s. Louls & Nash 7s.... Manhat Ry cn 4s.. Market St cn bs.... MIIEIRy & L 5s.. M&StLrfex5s.. M & St L 1st rf 4s. MK&T1stds.... MK&TprinssA MK&T6sC MK & Tady Mo Pacific 6s Mo Pacific gn 4s New Or Term 4s NOTex &M in 3s. N Y Centdeb 6 IN ¥ Cent deb 45 NYCentriss NY CenLCecl 3 { New Haven cd 6s. New Haven d 4s 57 New Haven 7s..... 7 | New Haven 7s fr. . NY State Ry 41%s. Norfolk & W en 4s | Norfolk & W ev 6s. | Northern Pac 3s. .. { Northern Pac 4s i North'n Pac ri 6s. | Northern Pac 5s Ore Short L ref 4s. i Ore-Wash 1st rf 4, { Pennsyl gen 53 Pennsyl gen 43 Pennsyl 68 Pennsyl gold 7s. .. Pennsyl con 4%s. . {Reading gen 4s. | Rio Grand W cl 4s. IRTATk & L 4%s. . St L IM&S R&G 4s. StLIM&S4s'29. 1StL&SFpl4sA. StL&SFprinbs. StL&SFincés... 66% StL& SF adj 6s.. 79 i 9% 4% 58 451 29% 6614 91% 85 81% 95 68 102 612 60% 92% 95 104 94% 86% 621 81 80% 63 63 60% 60% TOTAL SALES (Par Value): 1la.m.. 3074000 12noon 4 888000 1pm.. 6228000 2p.m.. 7483000 MME. KALSKA “WILLING” 67% 891, 115% 60 84 107% 98 1%, 79% 100% 91 109 109 969 83% 84v 8% 79% 85% 67% 83 moPamnaniinmaca 100% 90% 108% 108% 961y 831y 6414 8% 78 86 671 8219 65 8% 97% 74% 57% 45% 29 6614 80% 844 814 94y, 671% 101% 60% 60% 92 95 103% 95% 8614 62% 8014 80% 100% 908 108% 108% 961 ¥31 64% 8% 9%, 85% | 674 8214 | 66% 8% 974 4% 58 a5% 29% 8616 90% 84% 81 9 677 101% 61% €034 9215 | 95 1031 ! 938, 86% 62% 80% | 80 | 63 | 60% o Seab’d A L con 6s. Sou Pacific cv 4s. Sou Pacific ref 4s. Sou Pacific clt 4s.. Southern Ry 1st 68 Southern Ry gn 4s. Southern Ry 6%s. Third Ave ref 4s Third Ave adj 5s. . Union Pac st 4s... Unfon Pac cv 4 Union Pac cv 6i Virginia Ry 1st 5s. VaRy & P 1st 5s.. Western Md 4s.... Western Pacific 55. { West Shore 1st 4s Wheel & LE cn 45 | Whel &LE 1t 43%s. |2 western jbushe; FINANCIAL, Grain, Produce and| Live Stock WHOLESALE MARKET. Local dealers had very few eRgs to carry over from last week, the mar- ket being pretty well cleaned up at the closing hour Saturday. Because of the scarcity of supplies this morn- ing, the market advanced, 2 to 3 cents 2 dozen and was much stiffer than last week. A slight break in the butter market caused a reduction of 2 cents a pound, making the price what it wes two weeks ago. The market is still re- ferred tc as being firm. Meat prices showed no change this morning. In the fruit and vegetable market conditions remained the same 28 at the close of last week's market. d]Eflll;—S;flcuy fresh, selected can- . per dozen, 37; e receipts, 56 southern, 35" 010 2Veres i Live poultry—Roosters, per 1b., 17; turkeys, per Ib., 30a40; spring chick- &ns, per 1b.,, 30a36; keats, young, each, 60; fowls, each, 25, fressed poultry—Fresh-killed spring Stlckens, per Ib., 36a38; hens, per 1b., por Tposters. per Ib, 19a20; ' turkeys, 701:!0, o keats, young, each, Ive stock—Calyes, choice, per 1b., 13; medium. per Ib.’ 16a12; thin, Der $a9. Lambs, choice, per Ib, 13. ‘s 20008.00 each; " live hogs, Green frujts—Appl, es, per bbl., 1.75 27.00; Delicious, No, 1. per bbL, 6.00a ba california’ oranges, per 'crate, 6.00; Florida, 4.00a5.00.: Lemons, 5% box 6.00a6.00. 'Grapefruit, 3.00a 25, Pangerines, 3.50a5.00. 1 Vegetables—Potatoes, per bbl 3 1508200, per sack, 2.25a2.50; No. Carc1al00. Sweet potatoes, North farolina, 1.00a2.00; nearby, 2.5083.00. Fottuce, per “crate, southern, 3 Romaine lettuce, per crate, 1.60a Tceburs lettuce, per crate, 4.50a Cabbage, northérn, 3.00a3.50 per nearby cabbage, per bbl., -50: southern, 2.50a3.50 per bas- e Eggplants, per crate, 2.50a5.00. Somatoes, per hox, Florida, 2.50a6.00. eans, 4.00s5.60 per basket. Peas, 3.0045.00 per basket. Peppers, per grate. Florida. 2.30a3.50. Kale, per barrel. 2.60a2.75. " Spinach. per barrel, 3902450, Celery, crate, Florida, 2.50a 2.80. Brussels sprouts, 25a35. Squash. 2.50a3.00. Flori Pern. Florida lima’ beans, 3.50a4.50 GRAIN AND PROVISIONS. BALTIMORE, Md. March 5 (Spe- U‘lh. Potatoes. white, 100 pound: 5)al.40; 150 pounds, 1.0082.25. Sweets barrel. 1.25a1.75; bushel, 50a60. Yam burrel. bushel, 30a85. Beans, ushel, Beets, hundred. 5.00a 7.00. Brussels sprouts, quart, Cabbage, hamper, 2.00a3.00. = Savoy. bushel, 1.00a1 Carrots, basket, 50a 80. Caulifiower, crate, 2.50a2.75. Cel- ery, crate, 1.50a2.50. Cucumbers, crate, 5.00a8.00.° Eggplant, crate, 4.00a6.50. Horseradish. bushel, 3.00a4.00. Kale barrel, 2.00a2.25. Lettuce, basket, 2.2 a3, Onions, 100_pounds, 1.25a3 Oyster plants.'100, 7.0029.00. Parsnips, bushel, 100a1.75. Peas, bushel, 3.00a 4.00. ' Peppers, crate. 1.50a3.00. Radishes, haskét, 30a2.00. Spinacl bushel, 2.00a2.50. Squash, basket, 2.50 24.00. ‘Tomatoes, crate, 2.50a5.00. Tur- nips, basket. 50a60. Apples, packed, barrel, 2.50a5.00: bushel, 50a1.25; loose, 100 pounds, 1.50 a2.00: basket, 50a75. Cranberries, bar- rel, §.00a12.00. Grapefruit. bov, 2.50a 3.50. Oranges, box, 3.50a4.25. Straw- berries, quart, 25a40. Tangerines, half strap, 3.00a4.00. Selling Prices at 12:30, Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot, 1.3 No. 3 red winter, spot, no quot tions: No. 2 red winter, garlicky, 1.32%; No. 3 red winter. garlicky, no quota- tions: March, 1.3215. B None. Corn—Cob corn, new, 4.60 per bar- rel; contract, spot, 8§31 per bushel; No. 2 corn, spot, 853 ; No. 4, no quota- tiona: track corn. yvellow, No. 3 or better. 90 per bushel, _ Sales—850 bushels’ No. 2 whife at S51% per bushel: 1,350 hushels No. 3 reliow at $315 per bushel. Oats—White, No. 2. 5415 per bushel asked: No. 3, 53% asked Rye—Nearby, $5a90 per bushel; No. export. spot, 803% per No. 3. no quotations. Hay--Receipts. 58 tons; top grade timothy 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 rve, 15.00a 16.00; No. 1 wheat, 12.00a12.50; No. 1 oats, nominal, 12.00a13.00. TODAY'S CHICAGO PRICES. CHICAGO, March 5. — Absence of any heavy selling led to a slight ad- | vance In the wheat market today after a downturn at the start. Weak- ness in the early dealings was as- cribed to rain and snow, likely to benefit the winter crop west and southwest. On the other hand. ad- vices indicated that the breaking of the drought in some sections was in- complete, and, besides, uncertainty existed a5 to whether new estimates of farm reserves of grain might be bearish, taken as a whole. The open- ing, which varied from unchanged figures to % lower, with May 1.16% to 117, and July 113% to 1.13%, was followed by a moderate general set- back and then by a rise to above Saturday’s finish. Corn and oats were relatively firm- er‘than wheat, with traders giving special of figures on the amount of corn held on farms. After opening % off to 3% up, May 74 to 74%, the corn mar- ket sagged a little and then scored general gains. WHEAT— Open R L U July PRI High. Low. 11670 11278 11y flgg 44 prid Close. 1.18% 114} TO SING IN CHICAGO | Gives Consent, It Is Reported, to Appear Twice With Russian Opera Company. CHICAGO, March 5.—Mme. Ganna Walska, bride of Harold McCormick, chairman of the International Har- vester Company has expressed a wil- lingness to appear on two dates with the Russian Opera Company here be- tween March 12 and March 18. Mme. ! Walska also tentatively agreed to| sing with the Russian company next season in eight cities, including New York and Boston. The operas in which she will appear here the week of March 12, and the dates of the two performances, have not been decided, Mme. Walska will leave tomorrow on a short trip west, returning late in the week. Her hus. band is now in California with his mother. . Mme. Walska and the harvester magnate’s first wife, Mrs. Edith Rockefeller McCormick, daughter of John D. Rockefeller, shared soelety honors tonight at the opera, Mme. Walska on the main floor with her sister-in-law, Mrs. Emons Blaine, and Mrs. Rockefeller McCormick in her box with Edwin Krenn, Young Swiss architect to whom she has frequently been reported engaged The New Commandment. From the Pitssburgh Sun. A teacher in an elementary school had given lessons to an infants' class on the Ten Commandments. In order to test their memories she asked: “Can any-little child give me a com- mandment containing only - four words 7 A hand was raiséd immediately.. “Well?" said the teacher. “Keep. off the grass,” was the une expected reply. —_— BUTTER PRICES HIGHER. CHICAGO, March 5.—Butter—Higher; creamery, extras, 473%; standards, 47 extra firsts, 46%ad7; firsts, 45%ad6; econds, 43%4a44%. \Sonan foer oatpts. 24553 casss firsts, 31; ordinary firsts, 20%a%0, miscellencous, 30a30l. D10 1120 DAIRY PRODUCTS. BALTIMORE, Md., March 5 (Spe- cial).—Live poultry—Turkeys, pound, 30a35; old toms, 26; poor and crooked breasts, 20; young chickens. 30a35; poor stags and leghorns, 22a26; old hens, 26a26; small and leghorns, 22a 23; old roosters, 15; ducks, 27a30; small and poor, 23a24; geese, 19a2, rough and poor, 17a18; pigeons, pai 30a35: guineafowl, each, 40a60. Dressed poultry—Turkeys, pound, 30a35; old toms, 26a28; poor and crooked breasts, 20; young chickens, 28a30; old and mixed, 25a28; old roosters, 16a17; ducks, 27a32; geese, 20a25; capons, 37a38; medium, 35a36; small slips, 30a32. Eggs (loss off)—Native and nearby firsts, dozen, 36; southern, 35. ‘Butter—Creamery, fancy, pound, 51 a25; prints, 52a54; nearby creamery, 46a48; lables, 38a40; rolls, 37a3s; store packed, 36a37; du? wprints, 37a3 process buttel, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, March 5.—Hogs—Re- ceipts, 50,000 head; active, 10 to 15 higher; bulk, 160 to 210 pound ages, 8.50a8.60; top, 8.65; bulk, 225 to 300 pound butchers, 8.25a8.45; pack- ing sows, 7.20a7.4 igs generally, 6.50a7.25; heavy-weight hogs, S.15a 8.35; medium, 8.30a8.55; light, 8.46a 8.65: light light, 7.76a8.60; packing sows, smooth, 7.20a7.65; packing sows, rough, 7.0087.25; killing pigs, 6.50a 8.25. tle—Receipts, 18,000 head; slow; be(e:l“ steers and she stock about steady; undertone weak on beef steers; comparatively little done; kill- ing quality medlum to good; bulk beef steers, early, 8.2629.00; few 9.6 some held considerably higher; lower grade beef cows, canners and cut- ters moderately active; bulls 10 to 15 higher; bidding lower on veal calves; stockers and feeders scarce; eady to Strong. “Sheip—lledelp'—s, 18,000 head; open- ing fairly active; fat lambs steady to astrong; spots, 256 higher; nearby toj 15.25 to packers and city butchers: clipped lambs up to 12.75; heavy kind mostly 10,50a11.! two loads desir- able ninety-three-pound shorn. year- ling wethers, 10.2 one. load 110- 'pound- clipped ‘ewes, -6:50: - feeders -in good demand: cholee - feeding and shearing lambs bid 15.2 35. | attention to bullish aspects | DEMAND BROADENS FOR CANNED GOODS Gains From 50 to 200 Per Cent Reported—New Plants Being Constructed. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 5.—The canners of the country expect to sell more than five billion containers of pre- served foodstuffs in 1923, They will make a good start on the journey to that goal during Canned Goods week, being observed all over ths country, which got into full swing today. Sales by retall dealers already have shown increases ranging from 50 to 200 per cent over normal, and the impetus gained by the present movement is expected to extend well toward the time when new packs come on the market. Canned goods packs last year were from 50 to 100 per cent above those of 1921 in some commodities, but, after hanging off well past mid-year, deal- ers finally decided to buy, and the hold-over packs in the majoritv of canned goods houses are exceedingly small. Relleved of anxiety in that re- epect packers and canners all over the country are preparing for heavy operations this year. % Plants Under Construciion. New canning factories now are in course of constructlon in the Cali- fornia districts, according to reports from San Francisco today. Dela- ware, Maryland and New Jersey can neries alréady are making forehand- ed preparations for supplies from farmers and fostering certain crops. The Alaska, Puget sound and Co- lumbia river salmon canneries ara aring for a big year, as the sup- from last season’s salmon runs moved swiftly into consump tion. Adequate canning preparations are in progress throughout the mid- dle and northwest, while the south is about to engage 'in this method of jmarketing produce to a greater ex- {tent than ever before. Canning Costs Loom Larger. The question of containers looms large, however. Last year many packers obtained their supply of cans and tin plate at advantageous prices Within the last ten days tin and tin plate have jumped in price, while producers of those articles are being pressed to the utmost to supply de {mand. Glass container factories are working on as heavy schedules as labor supply will permit and glass prices also are on the move upward Even the prices of solder and rubber have risen and labor costs in general are jumping ahead. Advertising Big Factor. These factors will be counter bal- anced to some extent through large: sales and epeedier turnover secure? through advertising. James O’Shaugh- nessy, executive Secretary of the American Association o Advertising {Agencies, said today: “Figures I ha for January and February would seem to indicate clearly that the | agencies of our organization will handle more - advertising this yeat |than in the peak vear of 1920. ~We have a larger degree of productive advertising with a higher degree of {permanence.” Indication of the trend of wages it shown plainly by the fact that the {total sums included in the pay en- velopes of some sections of the country have increased nearly 7 per cent more than the total number of workers on those pay rolls. The {farmer is beckoning to the worker: {in the cities and is prepared to offer |inducements, but in many cases those {inducements’ are not enticing enougl to overcome efforts of the city indus- tries to hold the men they have. Ofl Production Expanding. Oil producers are more active th for many months. The Sinclair Com- pany in the last week has let con- tracts totaling hundreds of thousands of dollars for pipeline equipment ana storage tanks in the Tea Pot Dome field and the Tomkawa field of Okla- ihoma. The activity of the locomotive and railroad equipment builders was rever brighter. They are swamped iwith orders and carriers are still un- able to handle the frelght offered them by shippers. The Western Pa- cific railroad is preparing to spend £1,500,000 for new yards at Stockton Calif., according to announcement today. 10,000 More Workers Needed. SAN FRANCISCO, Calif., March & (Special).—The lumber mills of Cali- fornia will demand ten thousand more workers by the middle of this imonth. The shortage of labor, which {began to be apparent in January i< expected to become acute by that time. Power companies will begin !large building operations as soon as the snow clears in the foothills, and {rallroad construction work will mak: heavy demands for unskilled labor at about the same time. Industries on Full Time. March 5 (Special).—Thero are few industries throughout New Fngland today which are not oper- ating on full time, and in many cases extra shifts are being put to work. The volume of manufacturing is larger than at any rate since the spring of 1920 and only those indus- tries which have been hampered by transportation difficulties fail to re- port decided improvement of condi- thns. Virtually no unemploymert is reported and in some lines a short- age of workers exists. Record Wheat Crop Predicted. FORT WORTH, March §_(Special) —The wheat crop of the Texas pan handle will be at least 50 per cent. Jarger than that of last year. This will be due to seasonable rains which have extended over the great wheat- growing distriots. Cattle men are extremely hopeful and declared today the industry was about to return (o its old strength. This should be the best year the Texas wool growers have had since 1920. (Copyright, 1928.) PLANT BRINGS $500,000. SYRACUSE, N. Y., March 5.—Ane nouncement was made tagay of the purchase of the Federal Radiator Company of Zanesville, Ohlo, by tha Plerce, Butler & Pierce Manufactur- ing Company of Eastwood, a suburh of this city. The deal involved ap- proximately $500,000. PAPER WAGE INCREASED. LOCK HAVEN, Pa., March 5—No- tices have been posted in the plants of the New York and Pennsylvania company in this city and Johnson- burg anouncing an increase in wages of 3 cents an hour for all males and 1% cents for all females. This is the second advance within four months the papermakers have received. ¢ DRY GOODS MARKET. NEW YORK, March 6 (Special).—- The strength of raw cotton was re- flected in trading on the Worth street cotton cloths market today. cos Were strong, with the standard print cloths quoted at 11% cents for 64 by §0s and 12% cents for 8 by 728. The raw silk market was steady both hers and at Yokohama. NEW. YORK EGG PRICES. EW YORK, March 5.—Eggw firm; rux:upu 8,169 cases; fresh gathered, 4 do. fln;n‘fi.:‘. w Jersey, hennery whites, lo can- dled, extras, 44; do., uncandled, ex- tras, 44a47; State, nearby and nearby western hennery whites, firsts to tras, 40%2a4334; state and nearby her- nery browns, extrak, {3ad5; fic coast whites, extras, 43} do., 7sts to extra frsts, 401:a12, L ( ¢