Evening Star Newspaper, March 11, 1923, Page 30

30 FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. C, MARCH 11, 1923—PART 1. FINANCIAL. ARKETS ENTER NEW YORK STOCK E | TEEL OUTPUT TOBEAT |INDUSTRIAL AVERAGES | 5275 58 P PUZZLING STAGE | ’ - VEEK ENDED MC i || WORLD WAR BOOMDAYS! HIGHEST SINCE 10205 ke e e lhls ‘have been ai\.nlnhlv from seco ——1983— Div. Week ending March 10, 1933, Net. — ——1022- 1923 — Div. ‘Week ending March 10, 1623, ands at concesisons. of ¢, or cve High, Low. “Hish. Low. Closs. Chge, | High. Zow, Tigh, Low. Rate. ““sHign, Low. Closs. . ; Fr ing Busi %o in some few Instances. Iron un- 82 68 80 % 105% 96% 103 100 7 General AmTank pf...... 103 102% 103 + 'u, _Yonngltown District Nearing Peak | Striking Facts Showing Business 18% 18 o 19% 17% 78% 874 54 41% —— General Asphalt. 54 46% 50% + 3% . ~ How Far Present Advance 3 5% {8 8 Advance Rumely pr... 58 b1 e e &6 General Asphalt p V88 79 81 +38 Never Unequaled in In- Improvement Develop Dur- : - s 65% bW ‘Alr Reduction Ll 65w 6w 89 73 General Baking o 85 88 8 + 1k 2 % t Wil Go Is Now Biggest 143 12% Ajax Rubber Sl aw 184 83% 65 931 81% General Cigar. . D91 834 90% — 3 dustry’s History. ing Week. - - a Alaska Juneau . 1% 1% 106 94 109% 104% General Cigar 7% deb. ... 108% 108% 108% — % L TR i B,meonlnmt. 13 I in Fi i 65% 80 Tin Allied Chemical & Dye 79 6% % [190 136 190% 179 General Electric .. 188 e184 184 —1 s i ssue In Finance. 12 Allied Chemlcal & Dye pf.. 111% 111% A 4 |12 104 1211 60e General Electricwpecial. . 1% 11 11 % | By tho Associated Press. By the Associated Press. INVESTIGATE % 8T b1% Allis-Chalmers Mfg. 804 as 4o Iou o ws 15w 120 General Motors. 5° 14% 14% + % | YOUNGSTOWN, Ohio, March 10— S o Lt iteputan Allis-Chalmers M{g pf.... 96% 9 5% 833 General Motors p! % 841 81% — % | and steel product it e A Ageicoltare Clemioal, S5 &4 100 79% 101 7 General Motors 7% dcb. gooanis apliae SURRROD om et Bt M EHE S o vementa in itlie datoclch mgRi ot L 4 Am Agriculture Chem pf.. 68 66% 86 67% 86 6 General Motors 6% deb. 848, 1, |in the Youngstown district next week which the industrial averages estab- Many good opportunit American Bank Note 91y 90% 46% 384 48% —— Gimbell Brothers. 2 4 AT 1 | Wil reach a peak unequalled in its|jjsheq new peak prices since the are lost by indecision and American Beet Sugar. 45 43 102% 93% 102% 7 Gimbel Brothers pf. 995 14 | bistory, even during the boom days|spring of 1920, a reactionary tend- rocrastina The - p tination. The American Beet Sugarpf... 79 *79 9 l:;« 1::4 154». — :‘:H‘ddnn (‘;);npuny. 4 11% — of the world war, it was revealed to- | €nC v”m lht' I'mnld mxar'l:‘nol :'n.ho.:v n;.;- ‘American Bosch D60 a9% i % 4% —— Goldwyn Plctures. ....... T 2 5 erfally reduced volu n - Sig Ambrae s‘:cwun‘::fi:‘;}u 293‘. 7114 a4 2815 391 S Soatioh (B B Company %1 i |9’y in announcement of COMPANY | ferj,py, new high records in the co District Guaranty American Can 106 101% 9214 Goodrich (B F) Co pf > ' 210 schedules for the week. The iron, steel| ton market and an irregular recovery 5 Ameriean Canpf. . " 114% 113% 99 9 odyeuar T & R prpf w i 4 * }and fabricating industries, taken s a|of the foreign exchanges were tie Corporation ‘American Car & Fnundry. 189 184% 30% 23 —— Granby Consolidated. .... : - %4 | wholé, will be operating at approxi- | brincipal developments in this week's z KT it R American Car & Fdy pf... 123% 128% 15% —— Gray & Davis. mately 95 per cent of capacity. “":““k "‘“kj“ P i is moving right ahead and the Amerioancatenoli ™ 16 o0 i (fr i o g el s 1 "o number ‘o jactive eheet mills Bes e hn nClst s ax, Tixnishea iy “’;x’hau>“’r‘\‘u‘ tithellcss merican Cotton . e 39 3 57 8 next week will real al records, tatistics ade ublic duri the 2 e’ ¥ ga y American Cotton Ol pt. 08 aore & 5 i With 115 ‘or the 117 in operation. BY |\reek. These revealed that Februar it is your loss and not ou Am Druggist Syndicate 6% Bdw cene Cananea Copper. % 8 midweek thirty-seven of the forty-|piy jron production, bank clearing: American Express. . 5 1414 _“‘: iuantanamo Sugar. ... six blast furnaces in the district Will [ railroad car loadings and automobile ‘American Hide & Leather. 124 20 12% — Gult, ‘.t:“:::}«‘gifl;’;ge"rtnu | be producige, with, preparations un-| production were (he largest of any ‘Am Hide & Leather pf.... i —— Gulf, Mobile & No . 4 5 o for_pu other February In commercial his- AmeribRaHEs > 105 973y 4 G s 4 95 blast. . Steel making will continue at | tory and Ereatly in excess of Feb- WilliamB.Westlake American International 28 105% i | B 5 5 tull capacity. ruary of last year. There was a FISCAL AGENT AmLa F Fire Engine. 12% P S u..'.....,...wp.".m. PN B e marked reduction also in the number ‘Washington « <~ D.C. Amertean Linscas. T A g mn 1 Hurtman Corporition : - 17l | BONDS LITTLE CHANGED. |/sommeicial Sisree, ' iy in. || 72815 Bt0%: Tetdain ema ‘American Locomotive pf. . 121 5 Homeatake Minlag- 2 3 9 < |Li ithi o ispelle A a : American Locom - 121 a2t ; o Liberties Move Within 6-Cent|dispelled by the bank Statement of £ Th v, 3 edis- bods it z American Metal pf...... 115% 2 +2% Hudson Motor W 29 E Radius on Saturday. c.,.iiftf‘itc¥§>"‘?.’1 ’::iwed thas ;g'.,':.. Foods we to consumption. Labor ‘American RAAIALOT. ... -+ s 8215 83 : : 9 1 Huppomobile Motor Car. . 5% 29 3 since the middle of January. and the of all classes was in demand.. Wages American Rolling Mill pf 3 § —— Hydraulic Steel. NEW YORK, March 10.—There was ratio of $3.2 per cent was tended to rise. There has been confi- ~ Th 2 American Safety Razor... 97 3 Ilinois Central. .. ... 5 ; l‘l“”.» change in bond p |u'(u: rhes since last November. SRR 4 2 % Am Ship & Commerce. + 6 3 —— Indiahoma Refin 2 4 day's brief session of the New York | \while bankers generally are of the 1ving for forward delivery, A s Stock Exchange. Reports of renewed . g American Smelting & Ref. 3 § —— Tndian Refining .6 3 35 | Stock Txehange. Repotts of tencwed lopinion that the next change in the Am Smelt & Refining pf 3% 33 b0 Inspiration Copy Doz 39y egottations for the sale of the Mar-)rite will be upward in response to il may throw some light on the 9 2 2 American Snuff ; Interboro Consolidated. 1, | Kol street railway to the city of San|th. expanding needs of business, Available to Buy Good ; Francisco resulte sharp advances | ) H s Why there has been hesi- | 46 3 ‘American Steel Foundry.. 3 : —— Interboro Consol pf. . e e e, A liona ot the com. | Which show no signs of abat ce ? % 15— Fitarhon . g increase 1s not looked for before late speeulative and reaction 9 Amerlcan Steel Fdy pf..... 0 5 Interboro Rapid Transit.. 2 9 Dt at otherwise the market was | S 6 American Sugar Refining. 79 e —— Internat Agricultural.... & g 2, a rather dull aff BHESIEROL suncr { ms s g A 3 Am Sugar Refining pf. ... 31 2812 —— Inter Agricultural pf..... 3 United State overnment bonds * iy AR Wi 8 36 Am Sumatra Tobacco. . 3 B r B84 6 4 3 International Cement..... 43 — 17% | were relatively firm, the active issues | LEARIN! RE wn more and more cautious in 2 £ 5 Am Sumatra Tobacco pt. ] 2074 2 Internat Comb Engin 5 ¥ + | fluctuating within a radius of 6 cen C G HOUSE PORT. = o s . if wot in commodities. Pro 5 Am Tel & Cabl 4 5 5 6 —— Internat & Great North gy jon SIIG AkordiET fxoNeEnent dacucs W YORK ch 10.—The weekly of 1, 2 & 3 year maturity; : NIeE A e s s sy 2514 ‘Am Telephone & Teleg.n . 79 5 5 International Har, new. 907 g5y roNpdl inzeguinrly awitiier natnow| cloaring house sistem e monthly e i, s s 2 916 129 American Tobacco. 4 t —s~ Inter Merchant Mraine 5 nits nges being restricted to fcreases of 8 000 in loans. onthly or annual pay- psychological. Stocks had a AT ObECS ClaasiE. - 3 . 37 Tt Merchant Marinep 3 | fractions with the exception of Bel- | counts and ments and §116,: o Thit i thne the ans Bicpoan 9% ; ‘Am Tobacco Tobacco pf... 104 *103% . : 3 —— International Nickel...... 16t 13 Bi 4 yEmoiw SIICH recaden 2 von L ) and deposits and in- ) ments. Private funds. turns. On the fi of the] 3 b Am Water Works & Elec.. 30 204 8414 7 6 International Nickel pf. 337,000. aults and $3.198.000 in the reserve of Am W W & Elec 18t pf . 9% 91% 37y —— International Paper. ... SeTitativent oo hi 5 3 5 W & E 1 b 3 | members of the federal reserve bank. & e hod T oo : AmW W & Elec parpf.... bila 53% 9% 6 Inter baper pf stamped. : == feder: - H S hm] & e O e H e ey 1072 104 il S e . STERLING EXCHANGE UP. |t comveriine s aoneit i esrs erman J¢ is a la wdvance, It jus- 8 4 i American Woolen pf 111% 110% 3 2 International Shoe. 2 + 1% NEW YORK., March 10—The con-|9f $889.660 last week into excess re- not cauti least o ‘Am Writing Paper pf. . 34 28 5L 4 Intertype Corporation. 39 3 b+ % |tinued good demand for sterling re- | Serve of $18.131,090 this weck. 729 15th Street - Amerlcan Zinc Lead & 18 174 9 i —— Invineible Oil.......... s |sulted in another advance of e | —_— eved Near. e Anaconda Copper......... 53% Bb1% - 3t 2 —— Iron Products.......... 5 i ront s s ai0he Dat e | The aisunetinAtaDibein e fisre | i most part just sueh | 2 Ann Arbor cevee-o 19% 190 18 i e . —— Island Oil & T REe 1 |ing in the other European exchanges | state R ctee ',,)f.mf":f, Main 2611 n has been lacking and | 52 g 5 32 Ann Arbor pf. . 40 2215 —— JewelTen......... 5 2 . | wus irregular and quiet with other |belongs to Missouri, the law having Bias been substantial biind faith 5 Art Metal Construction. ... 178 7 8 9% — Jewell T : e rinal changes in rates come effective there in 1311 -called cycle theory now so 21 “Associated Drug Stores. .. + 3 34, 5 2 Tones b e L Sl bl e PR e Bl A el e oW 50 7 £ Associuted Drug: stzape. ¢ 914 7 Jones & Laugh pf. . s . 1922 —, — 1923—. Dir. Week ending March 10. 1923. Not. 1 05 A n, Top 5 £t > S Cl S y o 8% 26 2% 2 IS St 29 2 95l 90% Atch, Tnpeka& Swept... 9 ¢ 13 i : % 84" 108 s 8 Pureohpf. . 100 98% 100 - 2 Atlanta, Birmingham 3 g 3 REE CFRITUA) Do 5 2 9 1224 Railway Steel Springs. .. 18 Atlantic Coast Line. 2 5 A 5 < . s Consolidated Copper 5 ' From $100 0 8300 on D. C. real Atlantic Fruit. .. S 9015 2 3 o reDf. ... 5 5 3 8 5 ey g = e _and honsehiold ghods or chat- Atlantic Fruit ctfs. ... - 4 3. el Moot 561 i i o 3 Der cent interest. No broker- age charged. Pay s Atlantic Gulf & W 1 e i a e % g o S Tenewriter . At . sze charged. " Pay your bills and owe Atlantic Gulg & WIDpf.... 2 2 & % 10% Kesstone Tire & g 3 l,u m]imu.n T¥pe st pf Commgrcial Loan & Finance Corporation Atlantic Refinin 9 21, o PS t Syic = : 3 eplogle Steel. ... 201 2 . m 211, 5th St. N.W. Atias Powder pr.. T 87 Fee Kremge Wers kK 314 Republic Iron & Steel. ... o System Copyrighted & Patent Pending. Atlas Tack. . = - = - . z S A 9 Republic Ir & Steel pf.. ... — Lake Erle & Wester! eee & e Pian ring. RusUnNIsnols o S0 Lee Rubber & Tire........ . : e s e i T E Auto Sales o : : RR e, * 0% e : 3 g 3/ Revioligmons C"m . 8 7 % CUMULATIVE » 1 : 2 + 3 & et : 8 . 7 Revnolds cco ALTE ' = £ i “:l::::l::-:m:“;: D! 4 b 5 9 st & Myers. . B AN et e euas preferred unlisted $100 par stock. sl e > o : y 18 StJomephL....... ... 225 2 :, |Low price for quick sale. Address Baltimore & Ohlo. Ekda oy B . - St Lou cise 25 s 1 Box 160-A, Star offic . 9% MORE CAUTION IS NOTED oo 914 491y Business Still Booming, But Over- gg doing of Speculation May . 53 152“ Cause Break. o "E"'MI“I‘H““‘H‘ Pl++ 1+t BY BYRON SELLER. ted Press. » YORK, March 10—Com- mercially and financiaily the week's vecord may he summed up in a sen- tence. improvement went clerated pace, stocks itat ? Vvestment securities reacted. As to the progress of business there can be no two opinions. Production steadily in a and just as steadily o o 1 81 ansone] || ] ]] study fo fundamental conditions per- soundr founded, i spe ise in t it becau ement ha !‘“‘IIH' | 1 Baltimore & Ohlopf...... ; Bangor Aroos pf........ 9 94 - % Wiles Biseu Barnet Leather..... 9 3 g ose-Wiles Bis 2d pf + . . e G Barnsdall, Class A. 301y - V 3 s el s 3 s 3 .- npf.. 3 Extablished 1599 g:::;:m \x‘lrm}f;,..,'.: e ; , : 5 3 : e "‘:;‘l_’l:“"‘;: ; . : : 1 ogre 3 A_ E Savage Sk " .: 5 26 R MONEY TO LOAN ison with : spective, can reveal On this point opinions will_probably difter, b would be difficult for the mo ) sustain such a con- As to the future 11 that be Speculative mar- . reaction. there is po indication thereof clsewhere. Migher Money Ratea Feared. with the investment Here the ¥ market. And_quotati igh grade se- curities show a detinite trend toward lower levels should be observed that t been mo sad_bonds of may be that _th ‘ - is merely a adjustment of market value as a it of the competition of govern- lllH"“l“*’l Bayuk Bro : 3 - 1 i Bayuk Bros lst pf. K N dng - 3 315 13 Seaboard Air Line p & >, i 5 &1 i bitc Mac rnnk\ l‘lpf .ee 98y - i Bethlehem Steel C1 R & Sy s Bethlehem Steel 87 pf . e 243 921, seshell Trad & Tranq:orl Bethlehem Steel pf new . : - - S Conter , 1" Shell Union Ol. British Empire Steel. ... 3 3 o ! British Empire Steel 5d pf. 2 22 5 e B >etroleur Brooklyn Edison Electric. 111 S Bl 2 _”;af“[I;f“.'l“"\u};m‘_' S a8 = B 1% 2 Sinclair Con Oil AT Brion RapToan claotdep T &% 6 Manhatean Elevated. ... ] SRlsonGeey e 15th and N. Y. Avenue < an Elevated ctfs. . 0 lgrnnkl\\x;l nion Gas. ..... 121 ’},f;:" s Manhatt i 42t = . ¢ Eigiads " e “l_\!lalm 4346-7391 Bush Ter Bides o, o5 95 MEErEesitact Rallmay- o0s5-Shefield S& I pf.... 8 8 I o Brans Bros..... [ 140w 13808 139% Market St Railway of Southern Pacifie g i o uriorpt 120 120 rket St Railway pr pf. . outh Porto Rico Sugar Bjitns Bros Class B. .. 38 38 SALRECAL Rellw ; Butte Copper & Zinc 9% 10 i Rockwen. Butte & Superior- . 38% 4% Masiio;Reckwell. Butterick Company. 8% 18% 2 S Mathieson Alkali..... . % 1y . S ¥ Caddo Cent O & R. 8 Mar Mot Class A - 5 Standard Milling California Packing. 821 b s nia Pe 4 Maxwell Motor, Class B Standard 011 of California Petroleum 96% rtment Stores. e oo Calitornia Petroleum pf. . 103 t ndard Oil of ) Callahan Zine & Lead. .. éf:V’ :;\ 'r.]lif,:r[gr:d?,r ‘. e 2 )2k Kewl Calumet & Arizona. % 2 Sterling ots ceen 667 3 Stocks and Canadlan Pacific 146% Stewart ‘Warner Speed...... 4 l'r‘-v-;u;'x'l;y;‘\l Carson Hill Gold....... 9 Miami Copper. :;rr’;n.! herg Carb e Tnterest and reniis due aid acered. Case (J 1) Plow. e 4 Middle States Oil. ‘“x“d‘ Bk i S All other amsets ure, maps, Case (J 1) Thresh Mach. .. 381 X 26% Midvale Steel Studebakorp 3 g et way th he expectation of | se Thresh Machine pf. 79 EOired oy oat Higher s sney, Insofar as ntral Leather Co. . . 38% uperior Oil. . the l¢ © demand of business| 2% 63% Central Leatheér Co pf. 4 : upesinnsted celb + 1 LIABIL Central Railroad of N J 211% weets Co of America. ..., ot ung o Cerro de Pasco Capper. % 47 Tennessee Cop & Chem Certain-Teed Products. :;',’x :‘»n]n’p:u\!_\i, - <3 o i Y - 3ulf Sulphur. 5 9 g 2 | Expenses, Chandler MOtor. ........ 5 w 73 Montana Powe Texas & Pacific 2 2 5 o | Lavital < Chesapeake & Ohio...... 3 73 2 Montgomery Ward. Texas & PacificC&O..... 4 5, | Surplus o Chesapeake & Ohio pf. 104 % +1% Moon Motors. 3 THlstiavshue. Chicago & Alton. . g 2 2% . 1 Mother Lode C. 2 2; 4 20 k. Chicago & Alton pf. 2 5 Mullins Bod Timken Roller B‘e:\ = Chicago & East Iilinols 85 85 st it s by Chi & East Illinols pf. ... 56% 674 st i "fl A Chicago & Great Western. % 6 Jobueroroduetant. Chicago & Gt Westernpf.. 14% 144 L s =L . fo«: _ Chl, Milwaukee & St Paul. 24% 24% Trsnscontinentalon. 13 K Chi, Milwaukee & St P pf.. 429 42% P CIT A I s | lineinding atviden Chicago & Northwestern. 854 85% LI Gy DT S 7 Chicago & Northwest pf. 108 107 117 ‘nion Bag & Paper Chicago Pneumatic Tool.. 88% 86% 874 Chicago, R 1 & Pacific 37% 85% 35% Chi RI & Pacific 1% 9% 93 93 gradd and spccula hond is taken gflkl&sfl;lgfi‘g‘%‘) 5_‘2 Eé‘a gg‘fi up, the oppc of anticip: hicago, S g - 7 T Mt nIshir s oy e i 62%e Chile Coppe 30% 201 29% strengthening of security because of [ 331 —— Chino Copper. 31% 29% 29% 25% ew York Air Brake... the improved financial condition of 2 4 ({‘,.l('.c&PSt:;.d. ?lg R«é‘/z 33 514 46 ¥ Air Brake cl the debtor corporation, ought to be 4 43 k¢ “luett-Peabody. . T K 93 Foniith baline oo Cluett-Peabody pt. 104% 104 104 > 78 New York, Chi & St The more speculative the security Coca-Cola.. 9% T6% 8% 8814 NYChi&StLlstpf.. the greater Will be the effect of im- Coca-Cola pf. L. 94 94 94 214 New York Dock provement in carnings. Just that Colorado Fuel & Iron 30% 29% 30 16% New York, N H & Hart js shown in the present market where Colorado Southern. 45 41 43 19% New York Ontario & W. bligations, fixed interest bearing of Colorado Gas & Electric. .. 109% 107% 107% 12 New York Shipbuilding. the anc! future of Columbla Graphophone. 2% 2h 2% 3 R 14 Norfolk Southern. .. which looked v usg year ColumbfaGraphophonept. 9% 94 9% i 109% Norfolk & Western ago, are now rising against the gen- Commercial Solvents, A,.. 431 43% 43% 100t North American. . eral trend of the market. Commerctal Solvents, B.... 27 27 27 444 North American pf. .. Going back to the business situa- Comput Tab Record . BOM TN 78 22ty North Amer (new) w i fon, one of the most favorable In- Consolidated Cigar. 37H% 36% 72 Northern Pacific. dications is the conservatism mani- Consolidated Clgar 81 T9% Nova Scotia § & C. fested in the face of rising prices | Consolidated Gas new. 6T% 66% Nunnally & Company. for commodities. While buying is | Consolidated Textile. 14% 13% Ohio Body & Blow. .. free, ther ms to be no danger of nts or m 1facturers accum- & high priced inventories, -over it is well realized that the upward trend in raw materials must sooner or la r e translated into a higher wrice for.the iinished pro- duct, This higher price the consum- er must accept and there ar ; 3 definite limitations along this line. | No one wants to see another buyer's | strike. ® wpm s &® & not seem to be any with Jiberty bonds s baxis for first f even the strong- st rallroads selling to_yield onl it The tradition that r road securitie s a class, are perior to indu 1s, 1 live the bond market although lon - traders in stocks, all such explanations be admitted ore is a steady pre of liquidation which | an not be o 1 for in any other outhern Rafilway pf...... 9% 69 9 8y | On_the 31st duy picer Manufacturing.. ... s | uoder the b June 30, o £ & o™ % S {118l ~ for mc is concerned this ex- ctation is justitied. Study of the weekly returns of the federal reserve Stem. howeve show that no kind of stringency anywh, r at hand. And so long continues to pile up | be to sustain if not <. It is also to be n mind that savings and pi fits due to full employment for the working man and to prosperity fo the business man, will sooner or lat cr flow into investment channels and £0 support the market for invest- ment securities, Caution Shown In Business. So far this digeus has_been cdnfined to purely” investment bonds. When the ca of the second Mo, K & Tex when ssu Mo, K & T pt when Missouri Pacific Missouri Pacific pf.. i"||H“H B EENE SNE |~ au~i|||q;qm~ £1 -lILa | ational Acme ational Hiscuit. PHILIP P. 1. Subscribed and sworn € :n-bmla-x wanad National Lead pf. of Mex 1st pf... 2 X 2d pf. 141y da Con Copper........ 84 ew Orleans, Tex & Mex.. | P T et TR Tnion Pacific pf Union Tank Ca e . 7% and 8% h-class Real Estate ‘nited Alloy Steel. 38 36% 3 . Mortgages For Sale { e & : in small and large amounts United Fruit....... ...« 2 178 -4 |Cory & Cory, 719 15th St. NW United Ves - = e— e = United Rw . United Retail Stores ¥ 2 $ : G = e W e If You Belicve in the United SCIP & Fdy pf e T States You Believe in TUnited States Food Fr ’ ~ U S Hoffman Machine. . Washington U S Industrial Alcohol U S Indus Alcohol pt United States R & Imp. ... ¢ . USR& Imppf.. 108 : Attractive Issue United States Rubber..... < : . U S Rubber Ist pf.... 2 ” T TS Smelt R & M. . : ; 7% First U S Smelt R & M pf 3 United States Steel i 7% 1075 — Morlgage Notes United States Steel pe. 1'nited States Tobacco 7 s 3 Utah Copper S At 5 3 3 Year Ttah Securities 31, 2 p Vanadium Corporation. . 4 , . n Raalte. ... . $100 to $1,000 Van Raalte 15t pf. e 9 3% — ’ 3 5 Virginia-Carolina Chem. b = ! , Pacific Matls. 2 Va-Carolina Chem el E B4 A Make Reservations Noiwe Pacific Ol 3 4 45 5 68% 61 —— Va-CarChemical pf....... 6 3 P Packard Motor Car 68 —— YaIron, Coal & Coke. X Packard Motor Car pf. 19% Sl e S siereieg i ol ; KIZLAN E. Pan-American Pet Trans 11% 8% — Wabash » : o, ACLA ; Pan-Am P Trans Class B. . 31 —— Wabash pf A. 3 9 43% 4 % 2 Waldorf System. 3 16% 12% 1 Weber & Heibroner.. 53 4 105 5 Wells-Fargo. « AN Panhandle Prod & Ret Parish & Bingham. . 114% 7 Western Electric pf.. 15 —— Western Maryland 5 St N.W. oAl Western Maryland 2d pf.. 813 15th St. Main 2 Western Pacifie. Western Pacific pf 4 L == = t = Western Union Teleg. .. .. : M LO Westinghouse Air Brake.. 1194 oney (o an Westing Alr BE& M..... 65% 630 Secured br At feed of teust on real evtate. Wheeling & Lake Erie 10 rovailing misrest ard commion, Wheeling & Lake Epf.... 17% s, | Joseph I Weller {{i, Wb T 7%t White Eagle Ofl. G 5 = White Motors...... Thiexs : LOANS Wickwir Steel 12% 113 1 Wilson & Co. ... 42% 40Y + Y If you have money to Wilson & Co pf. 85 s ioesinsal L[] ] geaeji Y e ¥ LI R e Dol Akt +IFIK1! 27 9% 6% 1% 1% HIK Continental Can. . 48% 47% Continental Can pf. . 109 108 Continental Motors. 9% 9% Corn Products Ref. . 184% 132 Cosden Company. 621 584 Cosden Company p! 109% 107% 2 Crucible Steel. . . 84% 81k Crucible Steel pf.......... 94} 94% Cuban-American Sugar... 3% 32% Cuban- American Sugarpt. 102 *100% Cuba Cane Sugar..... . 17% 16% Cuba Cane Sugarpf....... (9% b5T% Cuban-Dominican Sugar.. 10% 9% Cuba-Dom Sugar pf....... 6% Gb6% - Davison Chemfeal. .. 38% 35% De Beers Mines. 27 26% Deere& Co pf. 2% 2% Delaware & Hudson. 119% 117 . Delaware, Lacka & West.. 127% 125% Detroit Edison 110% 110% Detroft Unitéd T5% - 18% Dome Mines. L a1% 41 Du Pont de Nemours 118% 116% Du Pont de Nem 6% deb... 88% *86% Eastman Kodak 113% 111 Electric Storage Battery.. 61% 58% Elk Horn Coal sareen 164 156% Emerson-Brant pf. 28 26% Endicott-Johnson., . 7% 75% Endicott-Johnson pf 115% 115% Oklahoma Prod & Refin. Orpheum Cirouit. Otis Elevator. Otis Steel. . Otis Steel pf. Owens Bottle. Pacific Develoj Y I5 { Iww;filwl"-fl“l[lml“llé;fl ® & Two Vital Points. Two points are being watched carefully. First the outlook for bullding operations and secondly crop * prospects, particularly winter wheat. A combination of a good grain crop with a good price would mean much to business generally as well as to railroads in particular. Therefore otficial crop reports are anxiously awaited, (Copyright, 1923.) STEEL REPORT GOOD. NEW YORK, March 10.—The month- 1y tonnage statement of the. United States Steel Corporation, showing un- filled orders of 7,283,989 tons at the end of February, an increase of 37 213 over those at the end of the pre- ceding month, was better than ex- pected. It showed the largest number of untilled orders on hand since Janu- ary, 1920, despite the fact that the corporation is known to have refused a large amount of business during the month. —_—_— The Hague has a population of 360. 69 2alsreresss 46 2% 90 36 . T2% 85 41% 421 4T 11% 27% 63 Pennsylvania Railroad. Penn Seaboard Steel. ..., People’s Gas, Chicago Pere Marquette...... ?5 Pere Marquette prpf. E 20% 16 Pere Marquette pf.. . 67T% 714 7 % 63 Philadelphia Company. a7 120 107 Philadelphla Co pf. 45 ll_Q“é’ 109 Phillips Petroleum...... 60 67% 58% Plerce-Arrow. .. 117% 10% 8:« Plerce-Arrow pf..... 301 19 . 147% Pierce-Arrow prpf wi. 63 29% 247% " 4 Plerce Oil. % 4% 57 48% 32 38 Plerce Oil pf 3974 5% 3 EILIE Bt S 13% 126 59% 39 55% 4 Plegly-Wigsly % 5% 4 10% i e o7 18% 72% 55 -81% 58 4 Pittsburgh Coal. 63% 66% izn 38 3 rie Rallroat pr... 14% 0! 90! -99% 98 6 Pittsburgh Coal pf... 981 99 Y > . Exchange Buffet. < 28% 1212 23% 397 88% —— Pittsburgh & W Virginia. 37% 37T% 8% 6% Willys-Overtand Seve 19 o — llil:flt-. we lca:d ”fi .{ Famous Players-Laskey . . 88% 41 14% 44% 9% 1% PondCreekCoal...., o 9% 52% 4214 Willys-Overland pf....... " place it on gilt-edge fir: Famous Play-Laskey ¥( . 96% 96% 55 96 60 —— Porto Rican AmerTob.... 88% 93 35% —— Wisconsin Central " D. C. Mortgage Federal Min & Smelt pf. .. 521 120 €6% 134 113 5 Postum Cereal .. 125% 123% 123% 224% 8 Woolworth (FW)...... 4 690 oks msuor“eo' Flidel-Phoenix Fire Insur. 135 134% 95% 63 814 58 —— Pressed Steell S, 13 66% 70 40% 30% —— Worthington Pump. 39 4 record y Fifth Avenue Bus. oy 8w 106 91 99% 86 7 Pressed Steel Car pf 9 9315 ?j“: ';‘fl i f 3_"’;’;{;§“§;‘“""::""‘::“']"“-- Tl ¢ - 2 your protection. Courte- Fisher Bod 1007 188% 180 51 24% 55% 474 4 Producers & Refiners..... 554 51% 5I% 8% : eronautical ... 9% 9 e Fisher Body Ohio pf...... 100% 99 49 36 48% 45 31 Producers& Refiners pf. 4810 48y — 80 5% 4 Youngstown Sheet & T 78 ous treatment. 000. 1t is in southern Holland and fis . 4 g fh ling ex-dividend. Fisk Rubber. .... 14% 14% 100 66 103% 9215 8 PublicService, NJ........ 101% 99 100 e 7 Pel’cy H Russeu Co. Fleishmanh Co 5 384 108 104% 108% 106 = 8 Public Service, N J pf 108% 108 108 Dividend rates as given in the above table are the annual cash pas . the seat of the Duteh government It|—r — o ni'é',c'.'}:f‘m.\,'.“.‘f‘ff’.’. 19% 189% 105% 134 126% § PullmanCo... ‘130 130% ments based on tho latest quarterly or half yeariy deciarations Unlcss 15th & “K” fine streets and avenues and at- x 53% 80K 60% 43 = pm.nAlcm Sugar , . W .3 . d q"t»".“, Y exuras - . . L - £33 LR RS LT ) [»leeenl] 111111 =] l=] =] [[[]jselele] | = ‘|||+++|||||+|l++l++|"]+||l++||‘ll|‘[\l+1“|| PEER LS ) [1={1eR] | ===l Figl b M e P s0d c & 1 +1 Lttt LI+ T+ [ =g =]