Evening Star Newspaper, March 14, 1923, Page 28

To%% ¥ 1N MANY NEW HIGHS SCORED BY STOCKS Flood of Rumors Helps Pools Force Prices Upward in Whirlwind Fashion. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, March 11 - rew highs for the season were re- corded on the stock exchange today. At no time 8o far has the street been as flooded with rumors and predic- tions of a bullish character. The day began with another whirl in some of Tuesday's favorites among tie specialties, in stocks like Mack ‘Trucks, Associated Dry Goods and rhe motors. ‘But as the sesslon went vn other stocks were brought to the front, one after another in rapid suc- cesslon. Shipping Stocks Wake Up. There was no logical reason in the earnings position of the shipping com- Dantes tor these stocks to be taken in hand. Such improvement as had oc- curred in ocean freight business has veen very slight and rates are still abnormally low. But there has been 2. long outstanding short interest in the mercantile marines and Atlantic Gulf, and it was an_easy matter in the buoyant atmosphers of the market menerally to force these short sellers 0 cover. Bidding up American Inter- natlonal across 50 was a pariicularly bold operation in view of the antici- pation that the annual report on ‘Thureday would make a poor show- ing. Studebaker Goes Higher. Talk of an extra dividend at the April meeting as the result of the prosent record-breaking shipments ‘was responsible for the strength in Studebaker. Chandler Motors owed its advance to the fact that some of the interests who are very optimistic on Studebaker are the principal fac- tor in the Chandler situation. The New York Air Brake report, showing earnings of over $4 a share on the lew common stock, was better than ‘had been expected and Air Brake shares responded promptly. Further announcements of increase in tire prices are looked for before the <loSo of tha week, and this was the motive back of the buying In United States Rubber and Kelly Springfield. The street was disappointed, how- ever, that the pan-American dividend | was left unchanged and that the New York Central directors postponed ac- tion on month. Nashk Motors Accumulated. Reports of higher earnings and talk of the possibility of favorable divi- dend action were responsible for the further buying today in Nash Motors. The statement for the fiscal year end- ing November 30 last, showed net income on the common after charges and preferred dividends equivalent to over $23 a share At present the carnings are said to be running around $30 a share. ‘The buying movement was resumed today in Reynolds B., carying the srock to its high point of the year. ‘The likelihood of a dividend increase appeared to be the incentive behind the continued strength in this stock. ! The current rate is $3 annually, and at least 34 a year Is looked for, The 1922 report showed Reynolds’ ratio of current assets to current liabilities to be 15 to 1. Today’s Financial Review. Prices went higher again on the stock exchange today without any particular development in the outside situation or without any particular ghange In the character of the trad- ng. The fact that a larger volume of business was conducted might have meant that the public was recovering from the check glven a weck ago and were taking a more active part in the proceedings. It might also have been interpreted as meaning that the Wall Street pools were put- ting forth more strenuous efforts, and of the two this seemed a more likely explanation, A speculative movement in an ad- vanced stage cares little or nothing for news. It feeds on gossip and ru- mor and is not discouraged when these do not come true. New York Central stock, to be sure, went down when it was found that predictions of an immediate dividend increase Lad gone astray. The street, how- cver, has been full of talk about an- other extra dividend on Mexican Pe- troicum. which would be translated into an extra dividend on Pan-Amer- jcan stocks. Yet it showed no con- corn when on'y the regular Pan- American dividends were announced' today. Gossip Market Incentive. Experience has taught that in every speculative campaign three-quarters of the Wall street gossip fails to ma- terislize, yet while the campaign is on this gossip supplies the main in- centive. “Thus {n the Breat majority of cases where individual stocks were bid up today It was on talk of extra dividends or dividend increases. la may Lave been that the postponement for « month for action of the New York Central dividend put a damper upon epcculative interest in the railway group. But in all events interest centered | in the industrials, in the motors, the | motor truck shares, the stocks of dry goods and department store concerns the cans, and tires and a variety of | the miscellaneous specialties. As _has been true all along for a month past, the stock market ab- sorbed most of the interest there was in the financial happenings of the day. Money rates were unchanged The forelgn exchanges were dull and cxhibited the same stationary ten- dency that they have during the last week or so. Trade Review Bright. The weekly Iron Trade reviews had the same story to tell that they have 211 year—an outturn well up to the| limit of capac dering the | 1abor and railway handicaps, and con- Btantly rising prices. The price ad- vance during the week took in pig iron, semi-finished stee! and a num- ber ‘of finished products, especial plates and sheets. So far rising sched- ules have not had th effect of cur- talling demand but the Iron Age re- fers to the possibility of orders fall- ing off in the western markets be- cause prices of materials were con- sidered too high. Stocks Strong Up to Close. In the stock market the advance was well sustained throughout the aftornoon, although the later trading was less active. For the first time in | « week copper stocks as a group did Vetter. Gas shares were taken up in @ moderate way again. On the con- trary, a check upon the rise in raw sugar was felt in a similar halt in the upward movement of the sugar wtocks. . (Copyright, 1923.) i STOCK DEAL CLOSED. CINCINNATI, Ohio, March 14—Ne- rotiations for the purchase of $800.000 of 7 per cent preferred stock of the «‘hamplon Fiber Company of Cincin- nati and Canten, N. C., have been slosed by a syndicate composed of ‘hanner & Sawyer, brokers of Cin- cinnati and the First National Trust; Company of Durham, N. C. The an- | youncement of the completion of the negotiations says that the stock is not a new issue. but is sold out of the ANCIAL | Adv Rumley pt. Afr Reduction. . Afax Rubber. Alaska Juneau. . Allled Chemical. Allled Chem pf. Allis Chalmers. . Am Agr Chem.. AmAgrChempt. Am Beet Sugar. Am Bosch. ..... Am Brake Shoe AmCan...., Am Can pf. Many | Am Car & F Am Car& F pr. Am Cotton Oil. . Am Druggist Am Express. |AmHide&Lea pt (AmIce. .. | Am Internat't Am La France. Am Linsesd Am Locomotiy Am Metals. .. Am Radlator... Am Roll Mill pf. Am Ship & Com Am Smelting. Am Snufr. Am Steel Fdy Am Sugar. .. Am Sugar pf. Am Sumatra, Am Tel & Teler. Am Tobacco. Am Tobacco (B) | Am Woolen. ... Am Writ Pr pf.. Am Zinc & Lead ! Anaconda Ann Arbor. Ann Arbor pf. Art Met Constn. Asso Dry Goods. Atchison. z Atchison pf. Atlan Bir & Atl Atlan Cst Lin Atl Fruit ctf Atlantic Gul? Atlantic Gult Austin Nichol Baldwin Loco. . Baldwirn Loco pf Balto & Ohlo. .. *Bank of Com. . Batopilas Mining Beechnut Pack. Beth Steel (B).. Brit Empire Stl. Br Em Stl 2d pf. Bklyn Edison Bklyn Rap Tran Bklyn R Tr ctfs. Bklyn Un Gas.. Brown Shoe. ... Brown Shoe pf. Burns Bros (A). Burns Bros (B) . Butte Copper. .. their dividend for another | Butte&Superior. Butterick...... | California Facl. Calif Petrol.... i Calif Petrol pf. Callahan Zinc. . Calumet & Ariz. | Canad’n Pacific. Case (JD) pf.... Central Leather { Central Leathpt Cerro de Pasco. . Certain-Teed. .. Chandler Motor. Chesap & Ohio. . Chi & EastIll... Chi & East Il pt Cbi Great West. Chi Great W pt. Chi Mil & St P... ChiMil&StPpt. Northwn. Chi & Nwn pf... Chi Pheu Too!. . ChiRI& Paciflc Chi R I&P 6% pt Chile Copper-. .. Chino Copper. Cluett Peabody. Coca-Cola...... Colo Fuel. Columbia Gas Columb'a Graph Colum Graph pf. Com Solvents A. Conley Tin Foli. Cons Clgar. ... Consol Gas new. Cons Textlie. ... Cont Can ContCanpf.... Continental Mot Corn Products. . Corn Prod pf. Cosden & Co Crucible Steel.. Cuban-Am Sug. Cub Am Sug pf. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'lcan. Cuban Dom pf... Davidson Chem. De Beers. . . Dome Mings. ... Dupont (ET). i Eastman Kodak Elec Stor Rat... | Emerson-Brt pt. Endicott-John. . Endicott-Jno pf. i Erie Erie 1t pf... Erie 2d pf.. ousPlayers. Fd Mines & S pf. FiftnAvBusw I. Fisher Body.... Fisk Rubber. Fisher B of O pf Fleishman. . Freeport Texas. Gen Am Tk Car. Gen Asphalt. ... Gen Asphalt Gen Clgar . Gen Eiec.ric Gen Elec spl w i Gen Motors. ... Gen Motors pf | Gen Mot 6% deb. Gimbel Bros. ... | Gildden. Goldwin Corp. Goodrlen. ... .. Goody’r pr pf wi. Gray & Davis. | Gt Northern pf. Great Nor Ore Gt West Su pf Guantanamo Su. Gulf Mo & Nor. . GulfMo & Norpt Guif St Steel.... Harbishaw Cab. Hayes Wheel.... Hendee M{g Houston Oll. Hudson Motors. Hupp Motors. ... Hydraulic Steel. Ilinois Central. Inspiration..... interboro Met | Interborough pt Interbor RapTr. IntCement. ... 1nCombustion £ Int & Grt North. Int Mer Marine. 1ot M Marine pf. Int Niokel...... Int Nickel pf. 1ntl Paper. int Shoe Int Shoe pf. Intertype Corp.. Invincible OLl... Iron Products island Ofl. ... Jewel Tea. . Jewel Tea pf. Jones Tea. Jones & L'ghl pt Am Safe Razor. . Open. 52 654% 14 15 78 112 4815 8274 64% 47% 55% K 103% 113 186% 123% 16% 678 . 1308 2% 106% 28% 127% 35 e. 136 85 843 98 High. 62 66 14% 1% 9 12 49 33% 64% 48 57% 9 104% 113 1861 123% 16% 674 Low. 52 66% 14 1% 78 12 484% 82% 645 4T% 55% 9 103% 113 186 123% 1614 6% 13915 2% 105% 28% 1274 35 134% 53% 844 98 8 19 66% 149% 3914 82% 106% 81% 125% 157 156% 1047 29% 1% 51% 20 41% 17% 85 121 THE EVENING Close. 62 |Liggett& Myers 65% | Lima Locomo. .. 14% | Loews Inc. . 13% | Loft Inc. . 79 |Loose-Wiles.... 112 i Lorillard (P). 49 |Louls & Nash. 834 6474 | Mack Trucks 47 | Mack Trucks 1st. 56% | Mack Truck 2d. 79 |Macy Co.. 1037 | Magma Copper. 113 | Mallison & Co.. 186 | Mannti Sugar. 123y | Manhattan Elev. 163 | Manhattan Ects 65 | Manhattan Shirt 13915 | Market StRy... 72% | Market St prior. 1053 | Market St pf. 81% | Market St Ry 2d 127 | Marland Ou. 36y | Marlin-Rockwl. 135 | Martin-Parry. 53 | Mathison Alkll w81y | Maxwell (A). 98 | Maxweil (B) 8 |May Dept Stores 19% | Mcintyre Porcu. 66% | Met Edison pf.. 149% | Moxican Pete... 39% | Mex Seaboar 835 | Mex Sbd ctfs 106% | Miami Copper. S134 | Middle St Of1 1253 | Midvale Steel. 167 | Minn & StL (n). 155% | Min St P&S'S M. 105% | Morris & Essex.. 2014 | Mo, K & T w 1. 17% | Mo, K & T pf wi. 523 | Mo Pacific...... 20 | Mo Pacific pf. 41y | Montgom'y W'rd 178 | Moon Motors. 85 | Mother Lode 104% | Mullins Body . 20 | |Mullins Body pf. 2% Nash Motors Natl Acme...... Nat! Biscult wi. Natl Blscuit pf. . Natl Cloak&S pt atl Conduit. .. tl Enameling atl Lead...... Nat R of M- 1st. atl Ry of M 2d. vada Copper. Newp Ns Gas pf. 69% | N Or Tex & Mex. s Y Alr Brake.. 24 |NYAIrBrk (A) 112% | N ¥ Central. 815 | N ¥ Dock. . N Y Dock pf. 119% | NYNH & Hartfd. 6234 | Norfolk & West. 983 | North American 1405 | North Amer wi.. 3815 | North Amer pt.. 10% | North Pacific. .. £5% | Oklahoma Prod. 18% | Orpheum Circuit 821 | Otis Steel....... 978 | Otis Steel pf. 107 | Owenn Bottle. 107 | Owens Bottle pf 63% | pacific Develop. 146% | pacific Gas & El 78 | Pacific Mail. 39% | Pacific Ofl. 787 | Packard Motor. 47% | Packard Mot pf. 44% | pan-Am Pete. .. 75% | Pan-Am Pet (B) 78% | Panhandle..... 26 | Parrish & Bing. 58 | Penn Seabd Stl. 6% | Pennsylvania... 14% | People's Gas. ... 26% | pere Marquette. 43% | Pere Marq pf... £6 | Philadelphia Co. 117% | Phillips Pete £6% | Prerce-Arrow... 37 | Plerce-Arrow pf 83% | Plerce-Arrow pri 29 | FierceOfl... 29% ! piorce O pt. ... §9% | Piggly-Wiggly. 8% | pitts Coal. 29| Pitts & W Va. 109% ! pitts Steel pf. 2% | Pond Creek Coal 11% | porto Rico Tob. 43% | Postum Cereal. . 18 | Prensed Stl Car. 46 | Froducers& Ret €6% ! pub Serv of N J. 13% | pub Serv pf.... 47 | PuilmanCo..... 108% | punta Alegre 9% | Pure Oil. 182%1 Pure Oil 8% pf. . €1 | Railway St Spr. »25 | Rand Mines. ... 354 | Bay Con Copper 101 | heading. ... 18% | Rels Rober: 628, | Heplogle Steel.. 11 | Rep Ir & St 56% | Hep Ir & Stl pt Reynolds Spring 25% | Reynolds Spr rts. 26% | Rey Tobac (B).. 41 | ReyTobpt B 118 | Royal Dutch 1123 | 5t Joseph Lead $1% | st L & San Sran. 30 |StL Southwn. 7% St LSouthwn 1 it n Cecllia Sug. avage Arms. . . | Seaboard Atr L. Seabosrd A L pf Sears Roebuc! Seneca Copper. Shattuck-Ariz Shell Tr & Tran. Shell Unfon. ... Sheli Union pf. Simms Petrol. Simmons. Sinclair Ol Sinelair pf. Skelly Ofl... Skelly Ofl (new). Sloss-Shetield. . So Porto Sugar. So PortoR S pf. South Facific. .. Southern Rwy, Southern Ry pf. Spicer Mfg Co.. St Ofl of Calif. Stoilof NJwi. Sterling Prod. Stew't-Warner. Stromberg Carb Studebaker. .. .. Submarine Boat Superior Oll. ... SweetsCoof Am. Tenn Coppe! 59 | Texas Company. 9814 | Tex Gf Sulphur. 1 |Texas& Pacific. 37T | Tex & P C&Oil.. 228 Timken Bearing 7% Tobacco Frod. .. 31% Tobacco Prod A. 28% ‘Tobacco Prod pf 475 | Tol StL & W pf. " Trans Contl Oti. e . |Union Bag & P.. 40% | Guton Pacific 3 | Union Pacific 22| Un Alloy Stee 22 | United Drug. 351, United Fruit. 235 | Gnited Ry Inv. Ftt { Utd Ry Inv pf. **| Unit Retail Strs 43% | G s Cast Ir Pipe Je%iUSCastirPpt. 78 |USIndus Alco.. ! US Realty..... 0% U S subber 118 | G S Rub 1st pf. 48| US Smelt & Ref ten U SSteel. % | Gtah Copp Vanadium Corp. 22% | Va-Cr Chemical 76% ! va-CarChempf. 59 | Va-C Chem (B). 214 29 24% 81% 141% 115 54% 299 % €6 20% 97 b3% 9% 185 14% 100 39% 20, 69% b2 828 94% 188% 11 15 843 %y 4% 114 6% 89% 98 13% 8% 331 108% 11% 19% 109 Open. 205% 1% 20% 9y 56% 171% 161% 86% 9814 92 66 85% 344 7 bd% 25% 503 20% 114% 112% 22% 47 8) 2% 20 13% 655 48% 110 High. Low. /| NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office For Revised Close of Stock Market sce 5:30 Edition of The Evening Star. Close. 205% 2056% 206% 184 203 9% 56% 171% 151% 884 98w 92 68 36 86% 6% 65% 42% 45% 18 818 574 72 181% » 84 70% 20 84 6% 171% 149% 85% 8 92 66 356% 344 72 4% 424 45% 174 80% 56 44 2% 134 324 64 62 19% 73 18% 9815 272 1% 16% 28% 11% 31% 8 % 6% 16 43 18 45% 23% 24'% 1214 28 20% 1064 14% 42% 121 100 1 3% 17 20 95% 38 50 % 25 50 19% 114% 1121 22% 47 9% 2% 20 13% 66% 4813 110 1% 824 1% 4544 14% 94 81 Tan 4% 1435 4% 46% 91 89% 67 4% 6174 13% 324 68 4% 40 6% 67 95 935 83 123% 6915 52% 100t 107% 130% 64l 29% 100 1T% | 70% 204 8% 564 171% 160 881 9 ‘68 86 34y 72 5% 424% 5% 17% 81% 56 4 44% 1414 324 | 64 62 19% 75 18% 981 272 1% 17% 29% 1% 31% 8% 1% 6% 164 48% 18 46% | 23% 24% 121 294 90% 107% 15 42% 121 100 1 2% 131% 8% 37 17 90 6 28Y% 50 98 26% 503 19%, 114% 114 22% 4% 9% 285 20 131 6515 49 110 1% 82% 12 45% 14% | 94 8214 5% 4 143 5% 46% 91 39% 67l 49% | 63 13% 33 68 4% 40 6% 675 38 95 9% 89 23y, | tober selling up to 26.79, or 19 points | Humble O& R 5 123% Inet higher. The census report showed | thamh e Gn oo 53% 100% 107% 130% 641 29% 100 121 31 16% 8% 19 27% 61% $6% 21% | 93 603 3% 22 256% 36 611 2 4% 27% 6% ! 1219 88% 11% 9% 41% 15% 91 14% 32% 23% 96l 128 82 65% 61% 100 95% 344 6915 25% 63 42% 63% 120% 92Y% 124% 14% 2 12% 50% 61 26% 21% 43 57% 3% 111% 54 13% 69 141% T4% 35% 81 181 19 b4ty 80 31y 0 69 100% 629 104% 41% 107% 3% 425 22% 67 15% STAR, WASHINGTO. 5’6‘ N BND AR Liberties Are Slightly Lower, While Railroad Issues Dis- play Irregularity. . BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 14.—Confusing Crus) currents were everywhere ap- parent in today's bond market, espe- clally in high-grade investment se- curitles. On the one hand, quotations for this class, as they appeared on the {tape, were generally lower. For in- stance, Atchison General 4s sold be- {low 86, making a new low for the| | year and coming within a point ot the low record for 1922. The high {for this bond last year was ¥5%, in VJuly. Here we have a drop of about 10 points in a security of the very highest grade in about eight months. This decline would seem to have | discounted u good deal of the pros- pect tor higher money rates. Equally jslgnificant of the general trend was the fact that large blocks of under- lying bonds of such roads as the {Cnion Paciflc and Northern Pacific were offered for sale over the counter for the account of institutions, | { On the other hand, other institutions | of equal financial strength were inf | the market as purchasers of these same high-grade obligations. And it was also regarded as an expression of confidence in the stability of quota- tions wround present levels that the | Great Northern should announce to- | day its Intention of selling $20,000,000 in new general mortgage bonds with 4 coupon rate of b per cent. The re- l!ult was that traders were greatly | 1 perplexed as to the future. The libertys moved very irregularly, but mostly downw: 3 However it may have been with the high-grade bonds there could be no doubt about the speculative market. Quotations for this class of security were nearly all higher today. There was very active trading in Chicago Railways 55 and Chicago City and Con- necting Railways bs. Among the speculative rails New Haven 6s, Seaboard Air Line 6s, Mis- Isuu.‘l, Kansas and Texas adjustments and the St. Paul issues were conspicu | ous with advances. i ‘COTTON PRICES REACH -+ NEWHIGH LEVELS Report by Census Bureau and Cables Boost March and July Deliveries. i 1 By the Associated Press. NEW YORK. March 14.—Unexpect- Iedly bullish figures on domestic mill |consumption for February and rela- tively firm cables seemed partly re- | sponsible for a further sharp advance in the cotton market at the opening ‘wdam First prices were firm at an/ advance of 11 to 24 points and May contracts sold up to 31.46 right after the call o» with'n 1 point of the pre- vious high record, while both March and July deliveries made new hAKhI irecords for the season, with March selling at 31.23 and July at 30.56, or 20 to 28 points net higher. New crop positions just about held {their own on the advance, with Oc- { domestic | for against bales |last year, or the largest consumption Ifor_any February on record. | Futures opened firm: March, 31.1 | May, 31.43; July, 30.45; October, 26.75; | Decémber,” 26.15] NEW ORLEANS, March 14.—Con- | tinued large consumption in this coun- try and prospects of stormy weather in the belt. put the price of cotton higher today; in the first half hour of the day i the market rose 26 to 44 points, May ad- vancing to 31 cents a pound. and July {to 3054, both of which prices were inew 'high records for the season. Octob was the strongest month and irose to 26.60. February consumption 1of 566,924 bales in this country was |larger than generally expected. The feature of the weather map was the | intense storm area over the south- eastern Rocky mountains and ap- ! parently about to sweep the cotton jregion. Cotton opened steady. March, May, 30.96; July, 30.45; October, December, 25.9 ! | NEW ORLEANS, March 14. .\urch,l 3 30.51: Octo- | 31.10: May, 31.00; July, .06 Steady. 4 a1:45 STOOKSLESHENHELD FORU.. GRAND Y ; i H i By the Assoclated Press. 3 | NEW YORK, March 14— Charged) with using the malls to defraud in- vestors, Samuel and Louis Leibster, brothers, operating as Lloyd Wright Company, {ncorporated, upper Broad- {way stock brokers, vesterday were {held in $2.500 bail each to await the| {action of the federal grand jury. | They were accused by post office in- | {spectors of representing to investors that the stock of the Nipissing En- tension Mines, Limited, a Canadian corporation; was stock of the Nipis- ising mines, another Canadian corpo- ration, which is traded in on the New York Curb Market at $6 a share. Assistant United States Attorney Gillette charged that this was a iswindle, as the Nipissing Extension Mincs, Limited, was an undeveloped iprospect. capitalized by Kalil Farah, {a Syrian, and its stock had been | turned over to the Lloyd Wright Com- pany at 15 to 25 cents a share. The prosecutor accused the Liebsters of/ disposing of the stock on the repre- sentation that it was Niplssing mines stock and at the price that stock| brought on the curb. —_— FUNDS BILL PASSED. | COLUMBIA, S. C., March 14.—The state senate today passed the general | appropriation bill, after adding $167,- | 979 to the total reported by the finance committee. The measure, which carries a total of approximate- 1y $8,125,038.09, now goes to con- ference. | 9% ou 28% 28 68 b8 consumption of 566,924 bales February, 472,924 Wheeling & LE White Eagle Oil ‘White Motor. 98 284 58% D. Lib3d 4%s Lib 4th 41, Victory 4% Denmark 8s. | Bethleh'm St1 rf &3 {USRub1st rf5s.. | Vienna. C, WEDNESDAY, MARCH 14, 1923 ONFLICTING MOVES| ez xoxx BONDS swocx excauvce ] Received by Private Wire Direct to The Star Offica. For Revised Close of Bond Market sce 5:30 Edition of The Evening Star. RAILROADS. (Sales are in $1,000.) UNITED STATES BONDS. Sales. High. Low. Close. 12 10126 10126 10126 4 9800 9800 9800 1% 9776 9776 9776 79 9800 9792 9794 300 9796 9786 9790 182 9848 9840 9848 842 9806 9796 9806 45 100 12 100 10 100 12 162 9946 9942 9944 FOREIGN. Sales. High, Low. Closs. 25 103 102% 108 31 99 98% 99 11 93% 93% 93% 4 97w 9T% 9T% 1 112% 112% 112% 19 921 92 92 % TN To% 83% 83 83 96 95% 95% . 50 100% 100% 1005 2 102 101% 101% 100% 100% 100% 99 98% 98% 103% 103% 103% 104% 103% 103% 523% b62% b52% 110% 110% 110% 90 89% 89% 99% 99% 994 88y B8% 88% 6 109% 109% 109% 97y 97% 974 94% 94% 94w 94 3% gg‘ 83 884 B88Y o 96% 96% 92% 93 97% 91 9% 90% 93% 93% 81% 81% 814 81% k(] 5% 7 75% 36% 36% 97T 9T%h 98 98% 0% 71 75 T5% 107% 101 107% 101 3% 93 93 96% 93 96% 97% 95 97% 99% 841 64 84Y% 10415 64 103% 118% 115 118% 104 115 104 894 105 113% US4%s 1952, Argentine 7 Belgium 714 Belgium 6s Belgium Canada 5= 1952. Chile 85 1946 Chile 8s 1941 Chinese Gov Ry 5 Christianta 8 Copenhagen 51ts CubaS%swi..... Czechoslovakia 8s. Denmark 6s. Dutch East I 6847 Dutch Fast T 6s '62 FramericanID 7% French Govt 8s. ... French Govt Tiis. . Haitl 6sctfs. . Holland-Am s t 6 Japanese 1st 415, Japaness 4 Jergen U M 6s'47 Lyonsés..... Marsellles 6s Mexicods. ... Netherlands 6s. orway €s ctfs. Paris-Ly’s-Med 65 Prague 7% Queensland 7s Queensland 6s. ... Rio Ce Jan 8s 1946. Rio de Jan 85 1947, Rio Gr Do Sul 8s. Sao Paulo, City, 8s Sao Paulo.State. 83 Seine, Dept of. 7s.. Serbs CrotsSlov 8s. Sweden €s. . 5 SwissConfedsf8s. UdKing'm 5%s Ud King'm 5%s°37 UnSteam Copen 6s. Uruguay 8s....... Zurich Bs... MISCELLANEOUS. Am AgrChem 73= 1 103% 103% AmSmelt&R1st5s 13 89 88% Am Sugar Ref 6s.. 21 102% AmT& Tev 6s. 1;5%‘. 91% 103% 9T 85% 9815 98% 10714 904 831 96% 94 1071 951 89 987 142 101 i 1161 71 855 95 102 10814 1074 4 103 109% 94 1064 100% 100% 103% 116% 9814 993 862, 861 86% % 105% 108% 116 97 115 9614 100 1081 993 877% 954y 80 971y 109% W 98% 104 92: om e ~oannmosdani [TTe SSRGS @ mreadBafaanemoans 103% 88Y 103 17 974 913 10314 T 857 98y, 98% Anaconda 1st 6s. ... Armour & Co 4.3, Atlantic Refin 5s.. Bell Tale PaSsrcts Bell Tele Pa 7e. Beth'm Stl p m 5s. Beth'm Stlsf 6s Brier H St 1st 5 Bklyn Edison Bklyn Fd zen Bush T BIdg 55 Central Leather 5s Cerro de Pasco 8s. Chile Copper 6s. Chila Conper 7s. .. CInG & E 514562 Con Caal Md 1<t 5s Cub CaneScvd 8s. Det Edison ref 6 Du Pont de N 7% Duquesne Lt T1;s. Duquesne Light 6s E Cuba Sug 7l4s. . 201 Empire FAG 7158, Fisk Rubber 8s. Gen Elec deb § Goodr'h (BF) 6 Goodyear Tr Ss " Goodyear Tr Ss"41. Int Mer Marine Gs. Int Paper 1st 5s A. Int Paper 1st 53 B. Jultus Kayser 7s. . Kelly-Sp'gfleld 8s. Liggett & Mvers Liggett& Myers 5 Lorillard (P) s Lorlllard (P) 5s. .. Manati Sug sf Tiss Mexican Petrol 8. Mich St Tel st Midvale Steel 5s Montana Power 6s Morris&Colst4s New Eing Tel 5s... NY Edison 1st 6%s NYGELH&P bs. N Y Tel 68°41... . N Y Tel 4%s. N Am Edison 6s. tates Pow 5s Northwst B Tel 7s Otis Steel 8s. . Pacific Gas & El3s PacT & T53'52... Packard Motor 8s. Phila Coref 8sA.. Producrs & R8s w Public Service 5s. . Punta Alegre Sinclair Of1 7 Sin Pipe Line 5s South Bell Tel &s. . So Por Rico Sug 7s St Ofl of Callf Ts. Steel & Tube 7s. .. Tobacco Prod sf 7s Toledo Ed'n 1st 7s. Unit Drug ev 8s... U S Realty 5s. 1171 100% 86% 944 101 106% 102% 104% 106 112 100 871 108 102% 893 9619 9614 105 107 100 103% U S Rubber 714s... USSteel s is. Utah Pow & Lt 5s. Va-Car Chem 7s Va-CarCh 7%s sw 17 Warner Sugar7s.. 4 West Union 6%s.. 2 Wilson & Co 1st 65 14 Wilson&C cv 7%s. 10 Wilson & Cocv 6s. 32 97% Wirch'tr Ams 7%s 2 103 —_— FOREI XCH 4 March 14, 1623—2:10 p.m, (Quotations furnished by W. B. Hibbs & Co.) Nominal Belling chec! gold value. today. 4.8665 London. pound dollar.. Zurich. franc' . Athens, drachm | Madrid, peseta . crown Budapest, crown Prague, crown.. Warsaw, mark . Copenhagen, crown’ ... Christiania,” crown Stockholm, " crown. By the Associated Press. NEW YORK, March 14.—Foreign exchanges rregular. Quotations (in United States doilars): Great_Britain, demand, 4.69%; ca- bles, 4.69%; sixty-day blils on banks, 4.67%. o 0608%; France, 06093 Italy, demand, .0479; cables, .0478%. osl;;l:xum. demand, .0524%4; cables, Germany, demand, .000048%; -0000485. -3950; Holland, 3952, Norway, demand, .1824; demand, .2660; Denmark, demand, demand, cables, cables, demand, cables, Sweden, | Atlantic CL1s 1 AtlanticC L cl i |B&Opfindys Bales. High. Atchison gen 4s Atchison adj 22 Atlantlc CL 4% B & O gold 4 B&O6s.. B&Ocviys. B&Oref6s... B&O PLE&WV B&OSW div3is. B & O Toledo 4s. Bklvn R T6s..: ... Bklyn R TEnctfs. . Bklyn R T 7s '21. Bkl RT 7s '21 ctfy. BkI RT 721 ct sta, Buff R&Pitts 4%s. Canadian North 7s. Canad North 6l%s Canad Pac @eb 4s.. Central Pacific 4s. Ches & Ohlo cv Bs. Ches &Ocviay Ches & O gn 4148 Chi & Alton 314, Chi B&Q 1st rf bs. . Chi & E1ll gn Gs. . ChiGreat West 4s. Chi M&S P rt 4%s. Chi M&St P cv bs Chi M&St P 4s '25. . ChIM&S P cv 4%an. 15 Chi M&St P 4s'34. CM&StPgn4ta Chi& NW 78, Chi & NW 61, ChiRyssa. . ChiRT& Pac ri Chi Un Sta. 4%s Chi Un Sta 6iss Chi & W Ind cn 4; CCC&StLrf 68 A Cleve Term 614s. .. Colo & Sou 43¢ Cuba R R 6s Del & Hd 1s S Del & Hudson 5ies Den&Rio G con 4s. Det Unitea 4Y%s. Erfe 1st con 4 Erle con ext Erle gen 4s. . ER LTS | 3 North gen 53%s. Hud & Man ref 5a. Hud & Man aj 5s. 11 Central ref 4s. 1l Central 514 Int Rap Tran 5s. Int R Transit 7s. Int & G Nor aj 6s Towa Cent 1st 5s. Kan City Ft § 4s KansasCity S 3s. Kan City Sou 5s. .. Kan City Term 4s. Lake Shore 45 '28. ., Lake Shore 4s'31., Lehigh Valen 43 Lehigh Valley 6s Louis & N uni 4 [ 1 26 44 MK&T6sC o 181 MK & T adj bs. Mo Pacific fs...... 24 Mo Pactfic gn 4s... 22 Montreal Tm 1st 53 11 {New Or Term4s... 2 NOTex & Minss. 35 N Y Centdeb 6s... 108 N Y Centdebds... 10 NYCentriss.... 45 NYCenLCel 3is. 2 New Haven c d 6s New Haven d 43 New Haven 7s fi NYW&Bos4izs. 4 Norfolk & W cn 43 10 Norfolk & W cv 6s. Northern Pac 4s. North'n Pacri 6s.. Northern Pac 5. Ore & Calif 1st 53 O Short L en 63 '46. Ore Short L ref Ore-Wash 1st ri Pannsyl gen 5 Pennsyl zen 43s. . Pennsyl §%s. Pennsyl gold 7s. Pere Marq Ist 58 Pere Mrq 1st 45’5 {Reading gen 4s {RIATk & L4, .. StLIM&ES4s’29. StL&SFpldsA. StL& Sou Pacific clt 4s Southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 6%s. . Third Averefds... Third Ave adj 53 Union Pac 1st 4s. ., Union Pac 1st rf 4s |Union Pac cv 4s. { Union Pac cv 6s. Virginia Ry 1st 5s. Wabash 1st bs. Western Md 4, West Shore Ist 4s Wheel & L £ cn 4s. 1 11am 1p.m.. 5988000 Aluminum Co. of Amer. Aluminum Co. of Am Awerican Cotton Ofl American Sugar 6 American Tel. § Amer.can Tel. & Anaconda Copper ‘Anaconda Copper Bell Tel. of Can. 7s 1 Rethlelem Steel 7s . Canadian Northern 5ls 1 Capadian Pacific 6s i Central Leather 5s 1925, €. (.. C. & 8t. L. 6 1620, Chicago Tel. 58 1928, Du Pout 7igs 1931 Goodsear T. & R. s 1031 Great Northern 7s 1938 Hocking Valley 6s 1924 Humble Oil 5%s 1982, Kansas City Term, 6 Kennecott Copper 7s 1930 . R. Ti. 78 1980, 6t. Paul Union Depot Southiwestern Rell Ts 1925, Standacd Oil of Calif. 7s Tidewater Ofl 8% 1931 Union Tank Car 7s 1930, Western Unlon 6156 1986 Westinghouse E. Rate—Maturity. 3% June 13, 1923... 8%s Beptember 13, 1933 e optember 13, %s March 15, 1835 i5s June 15, 1923, s December 15. 1025, s March 15, 1926, . s September 15, 1926 28 December 15, 197. BUTTER GOES s 1925 M. 7¢ 1631, Low. Closs. 86% 86% 8% 8% 83% 9% 83% 94% 6% 100 80% 9% 834 94% 76% 100 80% 82 74 93% 63 T4% 4% 93 93% 89 89%, 114% 112 ke 82% 90% 86% 82% 28 98% 8% 52 61 68% | 814 661 2% 0% 106% | 108% 83 % 920 115% 2% 100% 102% 8214 82% 86 100 73% £3% 56% 10374 ¢ 46% | 103% 114% 108% 99% 80t% 63% 82% 101 0% 92 4% 70 74 67% 83t 8% 93% 91 9% 10315 8814 4 107% 102% 9413 391 38t 102% 784 78% 94% 61% 67% 40 69 4% % BT% 9 113% | ezes will begin about April 1, when INANCI Grain, Produce and Live Stock WHOLESALE MARKET. Owing to the inclement weather, recelpts of poultry have been very light the past few days and prices 83% pare correspondingly high. Only few turkeys are being recelived, the sea- son for the king bird being about over. The egg market was a trifle firmer today, but with no advance In price. Because it is too early to put eggs in cold storage, it is stated, dealers are disposing of receipts as fast as they are demanded. It is probable that the storing of the supplies on the open market will be limited. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average reccipts, 25; southern, Live poultry—Roosters, per 1b., 18: turkeys, per lb., 30a40; spring chickens, per 1b.,’ 38a42; 'keats, youns, each, 60; fowls, cach, 30. Dressed poultry—Fresh-killed spring chickens, per Ib., 45850; hens, per Ib. 33a34; roosters, per lb., 19a20; turkeys, per Ib., 35a40; keats, young. each, 70a8| Live stock—Calves, choice, per 1b., 13; medium, per ib., 10al2; thin, per Ib., %a9. Lambs, choice, per Ib., 13. Live pigs, 2.008.00 each; live hogs, per Ib., 9. reen fruits—Apples, per bbl., 1.75a 7.00; Delicious, No. 1, per bbl., 6.00a 8.00. Californta oranges, per crate, 5.50 | a6.00; Florida, 4.00a5.00, Lemons, per box, ' 5.00a5.50. Grapefruit, 3.50a4.50. Tangerines, 4.00a5.50. Vegetables—Potatoes, per bbl. a2.00; per sack, 0; No. Sweet potatoes, North Carolina, : nearby, 2.00a2.50. Lettuce, per ! crate, southern,’ 50a2.50; Romaine let- tuce, per crate, 1.50a2.00; Iceburg let- tuce, per crate, 4.25a4.50. Cabbage, northern, 3.00a4.00 per 100 pounds; near- by cabbage, per bbl., 1.50a2.50; southern, 2.50a3.50 per basket. Eggplants, per crate, 2.50a5.00. Tomatoes, per box. Florida, 15024.00. Beans, 4.00a5.00 per basket.' Peas, 3.00a5.00 per basket. Pep- pers, per crate, Florida, 2.50a3.50. Kale, | per barrel, 2.50a3.00. Spinach, per bbl Celery, per crate, Florida, Brussels _sprouts, 25a30. . '3.00a5.00. Florida lima beans, 2.5024.50 per basket. GRAIN AND PROVISIONS. BALTIMORE, Md., March 14 (Spe- clal).—Potatoes, white. 100 pounds, 75 al50; 150 pounds, 1.25a2.75: sweets, barrel, 1.25 bushel, 50a6. yams, barrel, 1 .50; bushel, 50265, Beans, bushel, 2750a4.50. Beets, 100, 6.00a8.00. Brussels sprouts, quart, 25a30. Cab- ! bage, “hamper. 2 Carrot: basket, 50a60. Cauliflowers, crate, 2.25 a2.50. Celery, crate, 2.00a2.75. Cucum- |h0r!. crate, 5.00a8.00. Eggplants, crate, 4.0026.00. 'Horseragdish. bushel, 3.00a 4.00. Kale. barrel, 2.00a2.25. Lettuce, basket. 1.00a2.00. ‘Onions, 100 pound: 1.25a3.35. Ovsterplants. 100, 10.00a 12.00. Parsnips, bushel, 1.75a2.00. Peas, bushel, 3.5024.00. Peppers, crate, 1.5 3.00. Spinach, barrel, 2.50a3.00. Squash, basket, 3.00a4.00. Tomatoes crate, 2.00 a4.00. Turnips. basket. 50a60. Apples, paciced, barrel, bushel. 1.00a1.75:" loose, 100 pounds, 1.50a2.00: basket, §0a75. Cranberries, barrel, $.00a12.00. Grapefruit. box. 3.00a4.50. Oranges, box. 3.16a4.50. Strawberries quart, 25a45. Tanger- ines, one-half strap, 3.00a4.00. Selling Pricew at 12:30, Wheat—No. 1 red winter, spot, no quotations: No. 2 red winter, spot, 1 1.34% N 3 red winter, spot, no 1 No. 2 red winter, ga 1.34%: No. 2 red winter, gar- licky. no quotations; March, 1.34%. Sales—None. Corn—Cob corn, new. 4.60 per ba rel; contract, spot. 82% { No. 2 corn, spot, 848 | tions: track corn, vellow, better, §9 per bushel. Sales—None,. White. No. 5414255 No. 3, 53%a54. Rye—Nearby, 85a90 per bushel; No. 2 western export. spot, 915 per bushel; No. 3, no quotations. Hay—Receipts, 37 tons; top grade timothy and light clover, mixed, in moderate demand, at a range of 17.00 to 21.00 per ton, with no surplus of No. 1, 2, 50a per Straw—No. 1 tangled rye. 15.00a 16.00; No 1 wheat, 12.00a12.50; No. 1 oat, nominal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, Md.. March 14 (Spe- {cial).—Live poultry—Turkeys, pound, 30a40; old toms. 23; poor and crooked breasts, 20; young chickens, 30a3y: poor stags'and leghorns, 24a28; old ihens, 27a28; small and leghorns, 2ba 26; old roosters. 16: pigeons. palir. i5a 30: guinea fowl, each, 40a60; ducks 128a30; small and poor, 23a24. ‘Dressed pound, 30a40; old and crooked 30a3z; {slips. 30a32. Eggs—Loss_off: native and nearby firsts. dozen, 24a25; southern. 23a24. Butter—Creamery fancy, pound, 50: prints, §1a53; nearby creamery, 46ais; Tadles. 40ag2; rolls, 38a40: store pack- ed, 38; dalry prints, 35ai0; process butter, 43ads. TODAY'S CHICAGO PRICES. CHICAGO, March 14—Wheat aver- aged a little higher in price here t day during the early dealings. an advance In Liverpool quotations tend- ing to bring about some buying. Predictions of rain or snow for the |domestic winter crop territory, how- ever, acted as something of an offset. In the absence of any aggressive leadership, many traders took a wait- ing attitude. The opening, which TOTAL SALES (Par Value): 3334000 12 noon 4 673000 2p.m.. 7794000 —_—_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon. —, “?Jhl. iy Y Libby, McNell & Libby 7a 103i. M. . & 8. 8. M. 8145 1031 1930, 5 g s 1923 Sears. Roebuck & Co. 78 1023, ia 1o TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ~——Noon.—— Bid. G 9 99 15-16 101 7-16 101 100 w lfik 0% HIGHER. 00 11-16 101316 101 CHICAGO, March 14.—Butter high- varied from unchanged figures to % higher with May 1.19%al.193%, and July, 1.1412a1.14%, was followed by a slight sag and then by a general up- turn above vesterday's finish. Corn and oats swayed with wheat. After opening unchanged to % higher; May. 73%a73%; the corn market eased somewhat and then scored slight gains all around. Oats started % off to 1 up. May, 4412a44%. and later held near to the initial range. CHICAGO LIVE STOCK MARKET. CHICAGO, March 14 (United States Department ' of Agriculture).—Hogs. Recelpts, 25,000 head: around 10 high- blg packers talking steady: bul to 215 pound averages, 8.50a8.6 .65; bulk, 240 to 300 butchers, 20a8.35; packing sows mostly, 7.254 7.50; pigs, 7.00a8.25: heavy hogs, 8.15a medium, 8.25a8.60; light, 8.50a light light, 8.00a8.60; packing . smooth, 7.25a7.70; packing sows, rough, 7.10a7.35: killing pigs, 7.0088 25, Catile receipts, 9,000 head; active: all classes unevenly higher: mostly 10 to 25 up; beef cows, beef heifers and bulls showing most advance: beef steers largely strong to 15 up: top matured steers, 10.10; best year- lings, 10.15; numerous loads beef streets, 9.25a9.65; two loads, 1.500 pound 'steers, 9.50: bulk beef steers, 8.509.60; thirty head, 793 pound helf. ers, 9.00; twenty-nine head, 848 pound kind, 8.75; mixed steers and heifers, 9.50; veal calves firm; bulk canners, 350a3.65: bulk veal calves around 9.50; bulk stockers and feeders, 650 7.50; bulk beef cows and heifers, 5.00a7.25; bulk bologna bulls ,b.00a 515; few heavies, 5.25; heavy ' beef bulls around 5.50, mostly. 3.00a5.00: | really desirable hay. 1 AL TAX PAYMENTS PUT DAMPER ON TRADE Huge Sums Being Paid to ‘ U. S. Government Prevent Selling of Goods. BY J. C. ROYLE. Bpecial Dispatch to The Star. NEVZ YORK, March 14.—The ap proach’ of March 15, the last day for filing and payment of income tax re- turns, has had a marked effect or wholesale and retail trade through out the country this week. Paymer: ©of income taxes has not crippled buy- ing power, either on the part of con sumer or retailer, but reports from all over the country indicated today that this outgo of funds, whether in prospect or retrospect, has had a de- clded effect on the psychology of buying. The delays, therefore, which salcs- men ail over the country have experi enced on account of storms and traf- fic conditions have not been withou their compensations. Scores of man- ufacturers in the east have the vstar salesmen” ready for the ro but are holding them temporarily in order to let the effect of the March 15 disbursement pass. Departures of these salesmen, who Wwill make the big town operators who are able to finance the shipment of fall and winter goods in June and July, their objective, is veiled In deep est secrecy. Each is afraid his com petitors will get the jump on him a load of sample trunks, statior bound, is likely to send a score of travelers scurrying for transportation These will "be only the advance guard, however, for the main army of sellers. especially in the clothink and apparel lines for fall, will into action before the second w April. Work Clothing Advance Predicted. Manufacturers of overalls and work clothing report that the Increase in industrial activity has been fully re- flected in the demand for these goods The trend of the cotton market, hov ever, and the firmness of cotton clo prices inclines them to predict ad- vances in_quotations in the next few weeks. Few manufacturers, accord- ing to denim producers, have filled their requirements for cloth mor- than two months in advance and many are operating in a hand-to- mouth way which shortly will neces- sitate repricing of overalls on a ba. of replacement costs. Farmers throughout the west are not only buying work ing, but implements and mach: according to reports from Chicago. As a result implement makers a actively in the market for steel ar. are preparing to increase their pro-¢ duction schedules from 70 to §0 pe: cent of capacity, More Freight Cars Needed. Rallroads are prepared to placs orders for at least 20,000 freight cars and contracts for nearly 6,500 have been closed In the last week. Lead- ing copper producers throughout the West are preparing to follow the lead of Anaconda and Calumet and Hecle {in making wage advances to their miners and now are negotiating for an_equitable basis of advance. f The prices for mechanical rubber | goods made by the United States | Rubber Company will be withdrawn March 15, but the new quotations have not yet been announced. The other tire manufacturers have new price lists all prepared, but their announcement has been held back in spite of the advance of 10 per cent by the United States Rubber Com- pany. Many of the smaller com- panies are walting for others of tho I big producers to take the lead. As it {s estimated that at least 45,000,000 tires will be made and sold this year tany advance must be of far-reaching effect. nd middle clothi- Steel Prices Advanced. | _CHICAGO, March 14 (Special) Finished steel prices have gone u $2 a ton in this section and it is re- ported the United States Steel Corpo- ration will place a price higher thaiy $47 a ton on standard steel rails ford delivery in the last half of this year The company now is operating 1% plants in this section at 84 per cent of capacity. Easter Buying Booms Trade. NEW ORLEANS, March 14 (Special) —The coming of Easter and the warm weather now prevailing are proving boons to retailers throughout the south and southeast. Sales are run- ning about 30 per cent ahead of those of last year and in any lines the !gains have been even higher than that. The turnover of silk goods hash doubled. while demand for ribbone I novelties, gloves and millinery has | improved 40 per cent. Houses Must Use Coal PITTSBURGH, Pa, March 14 (Spe cial).—A new line of constru n jwork is appearing here today. People whose homes were built to be heated by natural gas are finding that the: must install new chimneys to use coalas & fuel. Natural gas produccry are urging everybody in the com munity to prepare to use coal or other {fuel for heating purposes, instead of natural gas. Big Improvements Planned. MINNEAPOLIS, March 14 (Speciai) —The Minneapolis Street Kailway will start one of the largest better- ment programs ever undertaken here April 1. Track extensions and pav- ing will cost $700,000 and give work to 200 additional men. ) (Copyright, 1923.) {SOUTHERN RAILWAY GROWS. Southern railway has developed its freight traffic more rapidly than any other road serving the same territory, according to an analysis of this road by Noyes & Jackson. The passenger tusiness also has been developed be- yond that of the other roads. Freight density increased 230 per cent be- tween 1900 and 1920. and passenger density increased 242 per cent. A summary of the road's earnings his- tory shows that net earnings of $114, 551,470 accrued in this period for tho preferred and common stocks, and about one-third of this amount was actually paid out to the holders of the preferred shares. About 13 per cent went for bond discount, and comparatively little was used for ad- ditions and betterment: WESTERN MARYLAND GAINS. BALTIMORE, March 14.—Estimated earnings of the Western Maryland Railway Company for the week ended March 7 skows a gain of $100,397.82, or 30 per cent, compared with the corresponding week last year, the total for the week being $435.067.68, against $334,669.32 last year. For tha current ‘flscal year to March 7 the company shows total estimated earn- ings of $3.867,865.01, compared with $3,516,976.13 for the same period of 1922, an increase of $550,888.85, or 17 per cent. \ BIG GAIN IN FREIGHT. NEW_ORLEANS, March 14 (Spe- cial).—The rallroad freight movement through the terminal in the last month increased 20 per cent over the corresponding periods of 1922, total- {ing 42.000. " The Mississippi civer barge line has taken over 19 ateel barges and four tow boats, formerly ‘ er: creamery extras, 493 standards, 483%; extra firsts, 48a48%; firsts, 46% 247%; seconds, 45a46. Eggs higher: receipts, 20,783 cases: firsts, 25%a26; ordinary firsts, 24a 24%; miscellaneous, 24%a25. MOON MOTOR OUTPUT. ST. LOUIS, March 14.—February production of Moon Motor Car Cor- poration was 1,000, equal to com- bined production of January and Feb- rulr{ last year. Productiop in March will be 30 per cent greater, 19% 10% 31% 43 11% 1% 6% % 51% b51% 32% 3824% 83 83 9 9 5 % Wickwir . Willys-Overld. . ‘Will's-Overld pt WisconainCent. Worthing pf(A) ‘Wright Aero. Youngatn Tube. *0dd lot. Lav it Call Money..... 6% & 6 HOURLY SALES OF STOCKS. 11am..... 820300 13 m .1920; Switzerland, demand, .1861; Spain, demand, .1540; Greece, demand, .0109; Poland, demand, .000022%; Czechoslovakia, demand, .0297%; A gentina, demand, .3720; Brazil, de- mand, .1130; Montreal, .97%. STUDEBAKER'S NEW PLANT. CHICAGO, March 14.—A special dis. patch from South Bend sayw that the +B56 200 | Studebaker corporation has taken out 863200 |a permit for the erection of another factory bullding to cost §: Vivadou 2% | wabash 3 28% | Wabash pf (A). 43% | waldorf System. 574 | web & Heilbrn. 14% Far Exp. 50 rn Elec pf 131% .o 12% ern Md 2d. 23 tern Pacific. 18% Weatern Union. 116% 81% | West Air Brke. ny efpts, 16, i _loperated by the Goltra line, increas- ing slow, early sates nromeasliyOBSL: | {mg its trelght handling capacity sixty three loads strong weight Colorados, | PeF cent. 14.40, to city butchers; two loads, 85 BUILDING WORK DOUBLED. pound cllgped lambs, 11.75, to pack- ers; with heavies out at 9.75; two cars desirable 106 pound fed ewes, 8.50;| ST. LOUIS, March 14 (Special.—The one load. 119 pound aged wéthers, |amount involved by building permits 9.00; feeders quiet, no early sales. 8o _far this year, is about double that for the corresponding period of 1922, ¥ Real estate is active with especial W. E. Sanderson of the New York |demand for property for commercial State College of Forestry, has a rec- |and industrial purposes. In the ord of having planted nearly 1,200,000 | smaller towns housing shortage prae- baby trees in demonstration forests.'tically has been overcome, 1 company's treasury, bringing the out- standing stock of the issue up to £2,000,000. NEW YORK DAIRY PRICES. NEW YORK, March 14.—Butter, firm; recelpts, 8,862 tubs; creamery, extras, (92 score) 49; creamery, firsts, (88 to 91 score) 48a48%. Eggs, firm; re- Pacific coast whites, . firsts to extra firsts, firm; receipts, 310,971 Kansas & Gulf.. Kansas City Sou Kayser (Jullus) Keily-Spr Tire. Kelly-Spr 6% pt Kennecott..... . Keokuk & Ke; Kresge (88). Lake Erle&W pf Lee T & Rubber. Lehigh Valley. . 43% 56% 923 42% 25 9% 192% 70% 31% 68%