Evening Star Newspaper, March 16, 1923, Page 28

FINANCIAL MARKETDEVELEPS DOWNHARD TREND Attempts to Force Up Prices Fail in Today’s Session. Several Sharp Breaks. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, March 16.—From the outset today the stock market wore a very different appearance f{rom what it had on other days of the week. The note of buoyancy was gone, and while for the first hour or so half-hearted attempts were made to advance a few specialties, the gen- eral list was decidedly heavy. As the day went on selling pressure in- creased and prices began to come down, in some instances = quite sharply. The Pan-Americans broke badly on the statement by the Standard Oil president that American oil compa- nies operating in Mexico stood tolose fully half their original investment owing to the exhaustion of new _oil territory. Marland, Cosden and Sin- clair were supported for a time on the idea that anything that was unfa- vorable for production in Mexico was an argument in favor of American oil companies. But later on these stocks also came down from their top. Leaders Turn Downward. Stocks which have had a particu- larly sharp rise within the last week or so were naturally the most sen- sitive when the market started down. Mack Trucks, Studebaker, Kelly- Springfield and American Can were cases in point. Anaconda Copper, with the dividend off the price, sold down to 50 on large transactions. The steels readily went along with the rest. Chandler Motors, which usually moves with Studebaker, followed the latter down, and withdrawal of pool support in Hupp Motors found a poor market for that stock. Railway shares, having had com- paratively little rise recently. were not as much affected as other parts of the list by the selling movement. | Today’s Financial Review. The stock market gave further evi- dence today of being pretty well sati- ated, for the present, at least, with favorable news, as oil shares for the most part had been unresponsive to Thursday's advance in prices for oil in the gulf districts, so the coppers were quite as indifferent today to the report that sales of the copper metal had been made for export at 17% cents and even higher. The Fiske Rubber Company joined the other tiremakers in a 10 per cent increase, yet the stock. along with most of the other members of the group, went down These were quite significant inci- dents, as they bore upon question of how far the stock market had dis- counted the return to profitable con- ditions in_trade. They were also in- dicative of a decided change from the market of a fortnight ago, which was enthusing over every price advance or encouraging business report that came to hand. Outside News No Factor. There was nothing in the outside news of the day which could be con- nected with the reaction in stocks. Rumors of a new German peace offer continued to have their effect upon speculative sentiment in the ex- changes. Inasmuch as the large short interest had been built up in French francs the further advance could readily be ascribed to covering purchases by speculators who did not care to take the risk that these newspaper stories from the European capitals were untrue. or else that nothing would come of them if they were true. The increase of $41,600.000 in feder- al reserve discounts reported-in the weekly statement was a reminder of increasing demands to support the larger business volume and the high- er priced levels. But it was not cnough of a change to foreshadow any immediate further rise either in federa] reserve discount rates or in open money market circles. There- fore it tould have scarcely entered into the stock market calculations of the day. Industrial Features. Industrial Alcohol's continued ad- vanee today was not attributed to any speculation on the results for 1922 to be shown in the forthcoming state- ment, but rather to the excellent earnings predicted for 1923, The in- come account for last year, according to current estimates, will not figure out more than $5 per share, but at present Aleohol is said to be earning over $12. Rumors of a recapitaliza- tion plan and deals with the Standard Oil of New Jersey and other members of the Standard Oil group have lost| their force recently, and Alcohol is now credited with 'standing on its own feet. Atlantic Gulf and West Indies fur- nished a noteworthy incident in the | trading again today, reaching a new high for the year. As pointed out recently Atlantic Gulf is now operat- ing all of its tanker fleet at a profit. The 1922 report will probably make a botter showing than was expected some time ago, With at least interest carned_and perhaps something left over. This year the business of the company, it is said, will be decidedly improved. The day’s developments on the stock exchange showed a manifest check npon recent speculative extravagance, but did not suggest any serious pres- sure to sell. Better Prices rk Close. The low prices were reached around midday, then supporting orders later commenced to make themselves felt. The equipment shares were bid up, and this was the signal for a renewal of buylng operations in various other industrials. The result was to put a stop to the selling movement in the general list and bring about a mod- erate recovery. American Locomotive in the last hour ran up above 136 with a rapidity which demonstrated the scarcity of its floating supply, and Lima Locomo- tive and Baldwin were drawn along. Cosden’s stock was pushed up in the last hour. In most directions, how- ever, the afternoon recovery only made up a part of the early loss. The market continued to lack the vim and | activity which had characterized it ln' the first half of the week. Oll Producers Puzzled. The Mexican oils bore their share in the afternoon recovery, following the bffeak which they had had early in the day on pessimistic references 1o the Mexican Oil outlook. The statement that resources of oil sup- ply in Mexico are getting so limited that American companies must, in the end, lose_half their invested capital, is the most startling vet made in the controversy which has been going on for the last two vears on the subject of_Mexlican oil conditions. Between the affirmation from these high- sources that the Mexican oll territory 18 rapidly giving out and the denials by tho Mexican Petroleum interests the public is completely mystified as to what to believe. (Copyright, 1323.) —— Camphor-Gathering Rites. 1n Borneo the camphor-gathering in. dustry is entirely in the hands of na. tives, as the foreigners have taken hold of the rubber. Camphor is taken from certain trees and is handied in pieces about the size and shape of the fore- arm. Before and during these expedi- tions the men observe certain customs which are religiously regarded. When preparing to go out they are uncannily lent. While they are away from home they consume only certain kinds of food and that in small quantities, and they 1alk in peculiar phrases, which is known as the holy camphor language. G NEW YORK STOCK EXCHANGE Received by Private Wire Direct te The Star Office For Revised Close of Stock Market see 5:30 Edition of The Evening Star, Adv Rumley. ... Adv Rumley pf. Alr Reduction Ajax Rubber. Alaska Juneau. . Allfed Chemical. Allis Chalmers. . Allis Chalm pt Am Agr Chem. AmAgrChempt. Am Beet Sugar. Am Bosch. Am Brake Sho Am Can... AmCar & Fd Am Cotton Oil. AmCotton Oilpt. Am Druggist. . Am Hide&Leath AmHide&Lea pr Am Internat’l. Am La France Am Linseed. Am Locomotive. Am Metals. Am Radiatos Am Roll Mill pf. Am Ship & Com. Am Smelting Am Steel F Am Sugar Am Sugar pf. Am Sumatra pf. Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B) AmW Wk 6% pt Am Woolen. Am Zinc & Lead. Anaconda. .. Asso Dry Goods. Asso DryG 2d pt Associated Ofl. Atchison. Atchlson pt Atlan Bir & Atl. Atlantic Fruit. . Atlan Cst Line Atlantic Gulf Atlantic Gult Atlantic Ref. . Athas Tack Austin Nichols Baldwin Loco. Balto & Ohlo. Balto & Ohio pf. *Bank of Com. . Barnesdall (A). Barnesdall (B). Barnet Leather. Barnett Lea pf.. Batopilas Mining Bayuk Bros. Beechnut Pack. Beth Stl 7% (n). Beth Steel (B).. Br Em Stl 2d pf. Bklyn Edison. Bklyn Rap Tra: Bklyn R Tr ctf; Brown Shoe. Burns Bros (A). Burns Bros (B). Butte Copper... Butte&Superior. Butterlek. .. Caddo Oil...... California FPack. Calif Petrol. ... Callahan Zine. . Canad'nPacific. Carson HillGold Central Leather GentralLeath pf Cerrc de Pasco. . Chandler Motor. Chesap & Ohlo. Chi & EastI1l.... Chi & East Iil pf Chi & Alton..... Chi Great West. Chi Great W pf. Chi Mil & St P.. ChiMil&StPpf. Chi & Northwn. Chl Pheu Tool. . Chi R 1 & Pacific Chile Copper... Chino Copper-. .. CCC & St Louis Cluett Peabody. Coca-Cola Cocoa-Cola pt.. Colo Fuel. . Columbia Ga: Columb’a Graph Colum Graph pf. Com Solvents A. Comp Tabulator Cons Clgar. Consol Gas new. Cons Textile. Cont Can. Cont Can pf.... Continental Mot Corn Products. Cosden & Co. Cosden pt Crucible Steel.. Cuban-Am Sug. Cub Am Sug pf.. Cub Cane Sugar. Cuba Cane S pf. Cuban Dom'ican. Cuban Dom pf. Davidson Chem. Del & Hudson. D Lack & Wstn. Dome Mings. ... DuSS& Altpf. Dupont (ED)... Eastman Kodak Elec Stor Bat Endlicott-John Erie. . . Erie 15t pf. Erie 2d pf FamousPlayers. Famous Play pf. FiftnAvBusw I. Fisher B of O pf Fisk Rubber. . Fleishman Freeport Te Gen Asphalt. Gen Baking Gen Eiec.Tic. Gen Elec spl w 1. Gen Motors Gimbel Bros. Glidden. . Goldwin Corp Goodricn. ... - Granby Consol Gt West Su pf.. Gray & Davis.. Gt Northern pt. Great Nor Ore. . Greene-Cananea Guantanamo Su. Gulf Mo & Nor. . Gulf Mo & Norpf Gulf St Steel. ... Hayes Wheel.... Hendee Mfg.... Household Prod Homestake. Houston Oil.... Hudson Motors. Hupp Motors. . . Hydraulic Steel. Ilinofs Central. Indiahoma. .- Inspiration. Interborough b Interbor RapTr. IntCement..... InCombustion B Int Harv, Int Mer Marine, Int M Marine of. int Nickel...... Intertype Corp. . Invincible Oil Iron Products. island Ofl. Jewel Tea...... Jewel Tea pf. Jones Tea...... Kansas & Gulf.. Kansas City Sou Kayser (Jullus). Kelly-Spr Tire Kelsey Wheel.. Kennecott. Kresge (SS). Laclede Gas Lake Erie& W. Lake Erie&W pf Lee T & Rubber. Lehigh Valley.. Lig & Myers pf. Lima Locomo Loews Inc Mack Trucke. ... Mack Trucks 1st. Macy CO.eevevns Open. 18% 51 67 14% 1% 78% 48% 96 34 66 47 56 9% 102% 183 16% 311 6% 1235 2% * 31% 12% 85 134% 53% 857 98 19 66% 39% 821 106% 64 123% 157% 155% 537% 103% 18 b1% 87% 93% 126% 103% 894y 2% 2% 120% 32 25% 143 18% 307 1407% 1147 81 6% 60% 138% 38 10% 33% 18% 8 82% 97'% 10% 147 9 38 79 48 T4% T3% 36% 584 2% 5% 143 25% 43% 86 8% 87 29 29% 87 69 6% 96 28% 109% 2% 10% 43% 9 35% 66% 13% 4T% 110 9% 1315 61% 108% 82k 35% 101% 18% 62% 11% ET% 36 116 125 411y 5 117% 111% 60% 6% 19% 13% 7% 97 9% 100 14% 40% 20% 61% 84 186% 11% 147 48 1% 6% 39% 28% 107% 14% 8 33% 31% 1215 19 59 9% 37 21 -89 70 1% 31 284 4% 115% 15 0% k3 21% 41% 26% 24% 92% 11 43 16% 39% 18% 56% Y 23% 1% 63 2% 23% 435% 57% 111 43 195 81 32% 72 81% 68% 116% 0% 20% 8% 56% 170 142% 87 % 61 High. 18% 51 70 14% 1% 8% 48% 96 841 66 47 56'a 791 103 183 167 31% 6% 121 31% 12% 35 136% 5376 85" 98 19% 664 39% 8215 106 64 128% 167% 165% 63% 103% 18% 51% 87% 93% Low. Close. | 18% 50% 67 13% 1% 8 48% 96 34% 66 46 56 79 101% 183 18 50 86 93% 126%4126% 103% 897% 2% 2% 121% 82% 26% 1434 18% 30% 140% 3% 60 306 82% 20 9% 170 144% 87 98% 8T% 103% 89% 2% 24 120 31 24% 140 18% 30% 139% 53 60 302 82 30% 27 EL 116% 15 40 % 20% 41% 26% 24% 92% 11 424% 16% 391 184 66% % 23 7 60 2 28% 43 556% 111 42 195 81 31 72 30% 68 115% 0% 20 8% 563 170 142% 85 984% 7 18% 50% 70 13% 1% 8% 48% 26 4% 66 46% 56 79 101% 183 16% 30% 65 12% 72% 20% 12% 11 40 L] 23 7 60% 2 28% 43% 57T% 110% 42% 195 81 31 72 30% 68% 116% 1% 20 8% 56% 170 143% 86% 8% 6T Magma Cgpper, Malllson & Co.. Manat! Sugar. . Manhat El Su Manhattan Ects Manhattan Shirt Market St Ry... Market St prior. Market St pf.... Market St Ry 2a Marland o1l Martin-Parry. . Mathison Alkill. Maxwell (A)... Maxwell (B)... May Dept Stores Melntyre Porcu. Mexican Pete. .. Mexican Pete pf Mex Seaboard. . Mex Sbd ctfs Miami Copper.. Middle St O1l. Midvale Steel. .. Minn & StL (n). Min St P&S S M. Mo, K&Twl... Mo, K & T pf wl. Mo Paclfic, ..... Mo Pacific pf... Montgom'y W'rd Moon Motors. Mother Lode. Mullins Body Nash Motors. Natl Acme . Natl Biscult w 1. Natl Cloak & S. Natl Cloakgs pf Yatl Conduit.. Natl Enamelin Natl Fead. .. os Natl Lead nf. Natl Ry of M 2d. Nevada Copper. N Or Tex & Mex. N Y Air Brake. . N Y Alr Brk (A) N Y Central.... N Y Dock. NYChi&StL.. NYNH& Harttd. NY O & Western NY Shipbuilding Notfolk & West. North Amerfcan North Amer wi. North Amer pf.. North Pacific. .. Oklahoma Prod. Ohlo Rdy & Blw., Ohlo Fuel Sup. . Orpheum Circuit Otis Elevator Otls Steel.. . Otis Steel pf. ... Owens Bottle... Pacific Coast. Pac Coast 2d pf.. Pacific Develop. Pacific Gas & El Facific O Z Packard Motor. Packard Mot pf. Pan-Am Pete. .. Pan-Am Pet (B) Parrish & Bing. Penn Seabd Stl. Pennsylvania. .. People's Gas. ... Pere Marquette. Pere Mrq prpf. . Philadelphia Co. Philadel Co pf. . Philip Morris. ... Phillips Pete. Phoenix Hosle Phoenix Hos pf.. Pierce-Arrow. . Plerce-Arrow pt Pierce-Arrow pri Plerce Oll Pikgly-Wiggly. Pitts Coal...... Pitts Coal pf.... Pitts & W Va... Pond Creek Coal Pressed Stl Car. Froducers& Ref Prod & Refpf... Pub Serv of NJ. Puilman Co. Punta Alegre. Pure Ol E Railway Sti Spr. Ray Con Copper Feading.. Rels Robert Remington. Repiogle Steel. Rep Ir & Steel. . Reynolds Spring Rey Tobac (B).. Royal Dutch. ... St Joseph Lead. . St L & San Sran. St L & San Sr pf. St L Southwn... St L Southwn pf San Cecllia Sug. Savage Arms... Seaboard Air L. Seaboard A L pt Sears Roebuck. . Seneca Copper. . Shattuck-Ariz.. Shell Tr & Tran. Shell Union. Shell Union pf. Simms Petrol Simmons. . Sinclair Oil. . Sinclair pf Skeliy Ofl. . Skelly Oil (new). Sloss-Shefiield. . Sloss-Sheft pt So Porto Sugar. So PortoR S pf. South Facific. .. Southern Rwy.. Southern Ry pf. Spicer Mfg Co. Standard Mill pf. St Ofl of Callf. .. St Oll of Calif rts StOllof NJ wi. StOilof NJ pt.. Steel & Tube pf. Sterling Prod Stew’'t-Warner. Stromberg Carb studebaker..... Submarine Boat Superlor Oil. ... SweetsCoof Am. Tenn Copper. ... Texas Company. Tex Gt Sulphur. Texas & Pacific. Tex & P C&OIl. . Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tol StL & W pf. Trans Contl Ol Transue & Will. Underwood. . Union Bag & P.. Union Oil. . Union Pacific. .. Union Pacific pf. Union Tank Car Un Alloy Steei.. United Drug.... United Fruit. Utd Pap Board. . United Ry Inv Utd Ry Inv pf... Unit Retail Strs U S Cast Ir Pipe. U SCastlrPpf. U 8 Food Prod. . U § Hoffman Mct U 8 Indus Alco. . U S Realty U S Realty pf... U S Rubber. USRub Ist pf.. U S Smelt & Ref USSteel,...... U S Steel pf. Utah Copper. Utah Securit. Vanadium Corp. Van Raalte..... Va-Cr Chemical Va-CarChem pf. ValIrCoal &C.. ValIrC&Cokepf. Vivadou........ Wabash........ Wabash pf (A). Waldorf System. Web & Hellbrn. Wells-Far Exp. Western Pacific. Western Pag pf. Weatern Unjon. Westhse E1 & M. Wheellng &LE 9% 9% 9% Opea. 861 345 72 b5 42 464 16% 77 50 40 457 31% 6135 61 19% 4% 18% 275 1055 17% 17 20% 11% 31% 9% 19% 19% 14% 112% 113% 22% 47 8% 116% 102% 64 120 90% 124% 14% 5% 1% 12% 50% 61% 25% 22 44 b7T% 844 556% 12% 33% . 160 691 % 141% T4% 94% 36% 81% . 1814 High. 36% 4% 73 55% 421 46% 18 * 80 b4 47 46 Low. 86% 4% % 55% 42 46% 14% 76% 50 37 45% 31% 6115 60 19 4% 18% 275 ‘1054 614 98% 93% 34k 69% 26% 96% 61% 4 42% 116% 103% 64% 120% 9174 124% 14% 5% 1% 12% 50% 621 25% 223 444 578 8% B6% 12% 33% 150 6915 W 141% 4% 948 26% 81% 1811 18% 18t9 53 81% 3214 69% 5% 19 3% 101 107 6213 103 41% 108 120 3 21% 42% b4% 284 69 64 81 19% 10% 30% ) 494 18% 62 116 64% 17% 17 28% 11% 31% ™ 7118 15% 424% 1% 46 23% 24% 12% 29% 109 14% 42% 634 100 1% 0% 129 12 3% 16% %N 36 50 97% 26 79% 19% 19% 14% 112% 1124 22% 47% 8 28 T4 64% 19% 148% 13 84 10 29% 43 14% 49 18% 62 14 644 4 Close, 86 4% 2% 551 42n 46% 18 80 56 47 46% 32 61% 60 19% 4% 18% 288 1053 1% 17 29 115 31% % 1% 15% 42% 17% 46 23% 243 121 29% 111% 15 2% | 63% | 13% 66 48% | | 18 ! 19% | 2% 1 | 44% 14% | E0% | T4h | 14% | 5% 461 0% ¢ 381 ! 75 49% 45 19% 61% | 44 1 100 | 13% 32 | i 4% 65% 65 | 988 | 3% | 10 | 69% | 53 A%k 99% | | | | ot 154 91 14 | 3¢ 26 | 96% | 12% | 32 b4 90 61t 983 | 934 | 331 698 | 24% | 964 60% 4 428 116% 103 643 | 118% | 91w 1244 { 13% 5% 1% 12% 50% 62% 25% 21% i 43% | 67 8314 6% 12% 33% 150 | 69% | W 141 743 94% 364 813 181% 18% Sis 3 80% 321 69% 13 19 1% 101 107 61% 103 41 107% 120 72 20% 41% 54 224 68% 64 84 19% 10 29% 4“ 14% 49 62 114% 644 % Iibertys jof companies’ status of which would PRESDENTOF L. &N, | {2 62% per cent stock dividend, also |stock may participate in the dividend. {results Forty Carloads of Automobiles Received by Privats Wire Direct to The Star Office. Hang Up R ecord |For Revised Close of Bond Market see 5:30 Edition of The Evening Star. Special Dispatch to The Star. NEW YORK, March 16.—Los An- geles is destination for the largest single shipment of motor cars from Detroit, which left there today, con- sisting of a solid train load of forty freight cars loaded with automobliles, and made by the Peerless Motor Car Company, BOND QUOTATIONS INNARROW MOVES Very Few Bonds Sold for In- come Tax Payments—In- dustrials Sell Off. Canada b Canada 5%s 1929, . Canada 58 1931.... Canada 5s 1952 Chile 85 1946. . Chile 85 1926 Chile 85 1941.. Chinese Gov Ry 68 Christiania 8s..... Conenhagen 5i4s. . Cuba5%swi Czechoslovakia 8s. Denmark 8s . BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, March 16.—Quotations iwere a trifie firmer for bonds today, but net changes were small and there was no very great activity. Most of the United States govern- ment issues were down a few cents. The Treasury 4%s were the most largely dealt in. Of the older issues only the third 4%s is now selling much above 98. Apparently there was no great amount of selling' for in- come tax purposes. At any rate remained around the same levels as before the 15th Action of Rail Issues. Among the high-grade trails Bur- lington _General 48 and General §s went off fractionally, while Central Pacific 4s and Atchison General 4s gained about as much. Norfolk and Western 4s did a trifle better. Hold- ers of this class of security seem to be in doubt as to whether current quotations have discounted the pros- pect of higher money rates. Speculation centered in obligations improve with better business. Plerce Arrow Ss, selling on a “when issued” basis, are a good example. These bonds are selling 6 points above the | low recorded at the start of the week. They are not secured by any vnnrl-l &e, run for twenty years, are calla- ble at 110 and the proceeds are to be applied to the liquidation of bank loans. They were offered for sub- scription to stockholders along with the new convertible prior preference stock. Their merit depends entirely on Pierce Arrow earnings, with the more favorable outlook for this. Other mining ignored the further ad- vance in the copper metals tod: while the increase of approximately 10 per cent in tire prices by Fisk Rubber Company had no effect upon tire and rubber stocks Ol Shares Are Heavy. 01l vhares generally displayed heav. iness, but several of the Independents vere again conspicuously strong. Southern states reached a new high for the vear. The advance in Mara- caibo 7 per cent bonds continued car- rying the stock along. The bonds were up another 10 points. Mara- aibo stock made a new top for above 14. Industrials were more reactionary than in some time, with the motor stocks exceptionally weak. Durant of Delaware declined 3 points further. The market for Peerless was again very poor. It took only a few hun- dred_shares to break the stock an- other 8 points before there was any really at all. EXPLWIVIDENUSi Date Set So Stock Cut in Melon Will Participate in Cash Disbursement. NEW YORK, March 16.—Directors of the Louisville and Nashville Rail- road Company, who yesterday voted to capitalize $45,000,000 of the com- accumulated surplus of $82,- 27 by distribution on May 10 of declared a cash seml-annual dividend of 23 per cent, payable August 10, this date being fixed so that the new “The board anticipates” Henry Walters. chalrman of the board, said after the meeting. “that if the net of operation continue as| favorable as in 1922 the rate url dividends can soon be increased.” He ‘called attention also to the fact that while the seml-annual cas dividend was fixed at the rate of per cent a year, that present stock- holders actually will recelve in 1923 an amount equal to 8% per cent on the old stock because the stock to be distributed May 10 will also par- ticipate in the cash dividend declared yesterday. The stock dividend will be distribut- ed pro rata to stockholders of record at 3 p.m. April 16. Yesterday's action increased the company’s capital stock to $117,0000,000. —_— SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co) | Aluminum Co. of Amer. Aluminum Co. of Amer. American Cotton Oil fs 1934. American Sugar 8s 1937. ‘Amerfcan Tel. & Tel. 68 1024 Ansconds Coppe Anacondn Coj Anglo-American Ofl 748 Armour & Co. 7s 1930. nadian Northern 5%s 1924 Camadian Tecine b 024 C. Chicago Tel. Du Pont Tis 1631 Goodyear T. & R. Sa 1981 . Great Northern 7s 1838 Hocking Valley 65 102 Humble Oil 5i4s 1982. Kansas City Term. Ga 1023 Kennecott Copper s 1930 Libby, McNeil & Libby 7s 1 A, Bt P & 8, 8. M. 8ts 1881, Morris & Co. 7%s_1330. 1 " Fvu Goton Depot & . Paul Union 7 Sears: Roebuck & Co. T 1023 1025, Standard Oil of Calif. Ts 1081 Tidewater Oil 63s 1031 Unlon Tn{}‘ Sar :‘-& 1030, Western Union 6%s tinghouse E. & M. 78 1681 Some Diplomacy. From the Kansas City Times. “Her Chum—However did you make your husband give you that lovelv all-season trip? i Mrs. Wyse-Guy—Don't tell a soul. 1 had mother write and ask when it would be convenient for her and father and my two sisters to come and make us a nice, long visit —_————————— Wheel & L E pt. ;g% H% :; 1 White Eagle Otl 2 28 White Motor.... 57 . B57% 66% b57% White Oil , 4% 4% Wickwire 1% 11% Wilson Co. 4 a % % T4 214 214 214 214 36 36 36 High. Low. Last. 5 4% a% ‘Worthington. *0dd lot. Call Money LRI HOURLY SAL! 11am.. 802900 12m. 477 600 {pm. 670600 2p.m....u T98100 Dutch East I 6847 Japanese 4s E Jergen U M 6s'47.. Cub CaneScvd 8s. Gen Elec deb 6s. Goodr'h (BF) 6%s. Goodyear Tr 88 '31. Goodyear Tr 85 °41. (Bales are in $1,000.) UNITED STATES BONDS. Bales. High. Low. Close, Lib3%s...... 63 10110 10102 10104 Lib 1st 44s. 49 9308 97904 9802 Lib 24 43 428 9792 9782 9783 Lib2d ¢ . 331 9840 9830 9836 Lib4th4is.. 453 9806 9794 9798 Vietory 4%s.. 29 10006 10002 10004 UBS4%s1952. 1064 9986 9926 9930 FOREIGN. Bales, High. Low. Close. . 79 103% 102% 103% 98% 98% 98% 94 94 94 98% 98 98 112% 112% 112% 92% 91% 92 76% 6% T6% 83% 83 83% 95% 95w 9% 100% 100% 100% 101% 101% 101% 100% 100% 100% 98% 98% 988% 104 103% 103% 102 101% 101% 108 103% 104 52% b2 652 111% 111% 111% 90 89% 89% 99y 99% 99% 88% 88 881 110 109% 109% 97% 97% 9T 94% 94k 94% 94 93% 94 97w 97 97U 93% 93 93% 88% 88% 88% 9Ty 97 97% 90% 90% 90% ?% 92% 2% 92% 92% 92% 82 82 82 80% 80 80 76% 764 6% 56 b4 b4 89% 89 89 98% 9% 9T% 112% 112% 112% 98 98 98 2% % 2% 5% 75 5% 101% 101 101 94 93% 94 93% 93% 93% 96% 06% 96% 99% 99% 95% 85% 854 854 643% 64 . 644 % TTh TT% 118% 1184 118% 115 114% 115 104% 103% 104% 105% 104% 104% 113% 113% 113% MISCELLANEOUS. Am AgrChem T%s 9 103% 103% Am Cotton Oil 68 LT T AmSmelt&R 1st5 88% 88% Am Sugar Ref 6s 103 102% AmT& Tcv 6s 17 116% AmT& Tcltrbs. . 96% 96% AmT& Tcltrds.. 15 9% 91% Anaconda cv db 7s.. 55 103% 103 Anaconda 1st6s....116 97% 96% Armour & Co 4%s. b 85% 854 Atlantic Refin 5s.. 2 981 98 Bell Tale Pabsrcts 974 98 Bell Tele Pa7s.... 6 107% 1074 Bethleh'm Stl rf 68 91y 91 Beth'm Stlsf 6s... 97% 97 Brier H St 1st 513 94% 94% Bklyn Edison7s D. 6 108 107% Bush T Bldg 55 '60. 881 881 Central Leather 53 99% 98% Cerrode Pasco8s. 3 142 142 Chile Copper 6s. 101 100% Chile Copper 7s. 116% 116% CinG&E 5%s'S: 9% 9% Con Coal Md 1zt 53 87% 87% 96% 96 108% 1084 107% 107% 103% 103 109% 109 4% 94 107 106% 100% 100% 101 100% 103% 103% 116 118 98% 98y 99% 99% 8714 874 86 86 105% 105% 108% 108% 90 90 116% 116% 974 97% 96% 96 100% 100 108% 108% 99% 99% 88% 87% 95% 954 80% 80% 98 974 109% 109's 99 99 104 103 93 921 93% 93 89% 90 107% 107% 897% 20 90y 894 99% 9914 81% 82% 107% 107% 130 130 844 B3% 120 118% 100% 100 98% 98% 854 86 101 101 105% 105% 102% 102% 102% 102% 104 104 1065 105% 97 97 100 100 87% 87 108 108 102% 102% 88% 88y 96% 96 96 95% 104% 104% 107% 107 97 97 100 99% 103% 1023 9% 96% Wirch'tr Ams 7% 103 102% s e TREASURY CERTIFICATES. (Quotations furnished by Refll‘fll\d“.. Co.) Bid. ~ Offer. 90 13-16 90 15-16 90 11-16 99 2732 90 11-16 99 15-16 100 o 101% 101116 101 100 20! s 100 84 Argentine 7 Belgium 738 Belgfum 6; Belgium 8 Bern 8 Bolivia Bordeaux Brazil Brari Denmark 6s. Dutch East I 65 '62 French Govt 8s. .. . French Govt 7%s. . FramericanID7%: Halti 6sctfs. ... Holland-Am's f 6s. Japanese 1st 41¢s. Japanese 2d 43%s Marseilles 6s. Mexico bs. Montevideo . 14 4 Norway 8s. Norway 6s ctfs: ... Paris-Ly's-Med 63. Prague 7%s . Queensland 6s. Rio de Jan 85 1946. Rio de Jan 85 1947. Rio Gr Do Sul 8s Sao PauloState, 83 Seine, Dept of. 7s. . SerbsCrotsSiov 8s. Sofssons 6s. . SwinsConfed st 8s. Ud King'm 6%8°29 Ud King'm 54537 Uruguay 8s Zurich 8 103% 71 88% 103 116% 96% 91% 103% 97 £6% 981 96 107% 9% 7% 94% 107% 88% 99 142 100% 116% 9% 87% 96 108% 107% 103 109 94 107 100% 100% 103% 116 98%, 99% 874 86 105% 108% 90 116% 97y 96 100% 1083 99% 88K 954 80% 974 109% 99 103% 93 93% 8915 107% 897% 20% 991 81% 107% 130 8414 119% 100 98% 8514 101 1 102% 102% 104 106% 97 100 87 108 102% 885 96 95% 104% 107 97 99% @ 8 aro @ Du Pont de N Ti;s. Duquesne Lt 7%#. Duquesne Light 6y E Cuba Sug 7%s. Emplire F&G T%e. Fisk Rubber 8s PSR I Y o ga wad Humble O&R 5%s. Indiana Steel 5 Int Mer Marine 6: Int Paper 1st 55 B. Jultus Kayser 7s.. Kelly-Sp'gfield Ss. Lackaw'a S 5350 Liggett & Myers Ta Liggett& Myers 63 Loriliard (P) 58 Manati Sug sf T%s Mexican Petrol §: Mich St Tel 1st 5s. Midvale Steel 5s. .. Montana Power Morris&Colst4%s New Eng Tel bs. NY Edison 1st 6%s NYGELH&P 5s. N Y Tel 6s : N Y Tel 4% N Am Edison N States Pow 6s... Northwst B Tel is. Pacific Gas & El 63 Pac T & T 55 '52. Phila Co ref 65 A Pierce-Arrow 8s wi198 Producers & Rf8s. 1 Producrs& R8sw 2 Public Service 5s.. 3 Punta Alegre 7s...174 Sinclair Ofl 7s. ... 30 Sin Crude Oil 5%s. 11 Sin Pipe Line 6s... 22 So Por Rico Sug is St Ol of Callf 7s... Steel & Tube 7s. Tide Wat Oil 6%s. Tobacco Prod sf is Toledo Ed'n 1st 1s. Unjon Bag & P 6s.. U S Realty 5s. . . U S Rub 1st rf 53, U S Rubber 7% USSteelsf bs. Utah Pow & Lt Va-Car Chem 7s. Va-Car Chm 7%s w. ‘Warner Sugar 7s.. West Union 6%s. Wickwire Spen 7s. Wilson & Co 1st 65 Banornu=noanpoan o SmabrSnma 974 102% Rate—Maturity. s September 15, So® Devember 15, 102 5% 192 3iss September 13, 4%s March 15, 1 s June 15. 1925. s December 13, 1925 s March 15, 1928. CHICAGO LIVE STOCK MARKET. CHICAGO, March 16 (United States Department of Agriculture).—Hogs— Receipts, 23,000 head; fairly active; 10 to 15 higher; bulk, 150 to 200 pound averages, 8.10a8.80; top, 8.85; bulk, 225 to 300 pound butchers, §.30a8.55; packing sows, mostly 7.40a1.75; desir. ablo pigs, 1.25a8.50; ~heavy-weight hogs, 8.25a8.50; medium, 8.40a8.75; light, 8.65a8.85; light light, 8.25a8.8i packing sows, smooth, = 7.40a7.8 packing sows, rough, 7.25a7.50; kill- ing pigs. 7.26a8.50. Cattle—Recelpts, 4,000 head; active; beef steers, generaily steady, with Thursday’s average market; killing quallty, good: /top Nebraska matured steers and yearlings, mixed steers and heifers, 10.00; other choice Nebraskas, 9.8529.95; weight, 1,136 to 1,400 pound: veral loads beef steers, 9.10a9.75; ven loads spring at 9.0009.10; bulk beef steers, 8.26a9.50; handy and long yearlings, in most active demand; 9.10 paid for light yearlings, mostly heif- ers; load heavy heifers, 7.75; few head, $.00; bulk desirable vealers to pack- ers,” 9.50210.00; bulk bolo ulls, 5.00a5.25; ninety head short-horn feed- ers, late yesterday on Indlana account, 7.75; others, 7.50a7.60; light yearling feeders, 7.50. . Sheep—Recelpts, 8,000 head: open- ing fairly active; early sales fat lambs, strong to 15 higher; early top, 14.75 pald by packers for two loads 82-pound Colorado. fed lambs; seven doubles desirable 87-pound clipped lambs, 11.50; with some heavies out at 9.75; sheep, steady to strong; two loads 116 to 132 pound Iowa fed ‘ewes and two loads 105-pound Colorado fed ewes, 8.75; feeders, quiet; ng early| wle: 103% { P RAILROADS. Sales. High, Ann Arbor 4s. Atchison gen 45 Atchison ad) 4s. AtlanticC L cl B&O PLE&WV 4s. B&OSWdiv 3y, BKIyn R T 4s 2002. Bklyn R T7s°21... Bkl RT 7s 21 ctfs. Buff R&Pitts 4145, Canadian North 7 Canad North 6148 Canad Pac deb 4s Central Pactfic 4a Ches & Ohlo cv & Ches & O cv 448, . Ches & O gn 415, Chl & Alton 3s. ... Ch1 B&Q gn 4s'58. Chi B&Q st rf 5s Chl & ETll gn 6s. . Chi Great West 4s CM & Puget S 4; ChiM&S P rf 4145, Chi M&St P ev ba. . Chi M&St P 48 25. ., ChIM&SP cv 41 Chi M&St P 4s°34. Chi Rys 6s. ChiRT& Pacrf 4s. Chi Un Sta 4345, Chi Un Sta 6%s. .. Chi & W Ind cn 4s. CCC&St Lt 63 A CCC&StL 4%s Cleve Term b5%s. Colo & Sou 414 Cuba R R 5 : Del & Hudson 5%s Den&Rio G con 4s. D&RGlstre5 Det United 448 Erje con ext7s. Erfe gen 4s Erle conv s Gr Trunk sf deb 63 Grand Trunk 7s Gr North gen 7s Gr North gen 53%s. Havana ERL&P 53 Hud & Man ref 5s. Hud & Man aj §s. 111 Central 5%a. .. Int Rap Tran 6s. Int R Transit 7s. Int & G Nor aJ 6 Towa Central rf 4s. = P R PPt TP O o O P ey Kansas City § 3s. . Kan City Sou Ge Kan City Term 4s. Lake Shore 4s'28., Long Island rf is Louis & N unf 4s. Leuis & Nash 5% Manhat Ry cn 4s. . Market St cn 6s. .. Mil El Ry & L 5s.. MEK&TIst4s.... MK&TprinbsA MK&Tés MK & Tadj s Mo Pacific 6s Mo Pacific gn Montreal Tm 1st 58 NOTex &M In 5s. N Y Centdeb 6s N Y Centdeb 4s. .. NYCentriSa.... New Haven cd 6s. New Haven d 4s 57 New Haven 7s New Haven 7 fr. N Y State Ry 4%s. NYW & Bos 434s. Norfolk & W cn 4s Northern Pac 3s. North'n Pacri 6s. Ore Short L ref 4. Ore & Calif 1st 5s.. Ore-Wash Ist rf 4s 11 Pennsyl! gen 5s. Pennsyl gen 43s. Pennsyl 6155 Pennsyl gold Reading gen 4s. Rio Grand W cl 4s. StLIM &S 4s'2). 16 14sA.101 21 20 5 66 10 San A & Arn P 4s. Seab'd A L 4s sta. Seab’d A Liref 4s.. Seab'd A L adj 5s.. Seab'd A L con 6s. Sou Pacific cv 4s. Sou Pacific ref 4s. Sou Pacific clt 4s. . Southern Ry 1st 55 Southern Ry gn 4s. Southern Ry 6%s. Sou Ry Mobile 4s. Third Ave ref 4s. Third Ave adj bs. . Union Pac 1st 4s. Union Pac 1st rf 4s Union Pac cv 4s... Union Paccv 6s. .. Virginia Ry 1st &3, Va Ry & P 1st 5s.. Wabash 1st 5s Wabash 2d 5s..... Western Md 4s. Wheel & L £ cn 4 58 Whel &LErf4%s. 1 547% TOTAL SALES (Par Value): 1lam.. 2856000 12noon 5609000 1pm.. 7756000 2p.m.. 8844000 574 823 95t 103 934 864 948, 84 60% NATIONAL MOTORS’ PLANS. NEW YORK, March 16.—Establish- ment of executive headquarters of the National Motors Corporation at Detroit is to be one of the first acts following the election of Clarence E. Ear] as president and general man- ager of the corporation. National Motors will take In a Detroit plant, Walter M. Anthony, treasurer and controiler of the Maxwell Motor Com- y and treasurer of the Common- wealth Edison Company, was made vice president agd treasurer of Na- tioral Motors. EX-DIVIDEND TABLE. Mareh 20— California_ Petroleam p, M., St. P. & §. McCrory Stores pf. q Mack Truck, g. Mack Truck 1st and 2d pf, q. ew York Transit, q. . Y. Telephone pf. ‘nited Fr = idort System, q. Waldorf System 1st and 24 pf, March Cluett Peabods D, q...... Fisher Body of Ohio pf, q Parke Davis, q Parke Davis. ex Rpicer Mfg. pf, Certain-teed Products 2d pf, q March 23— Allis Chalmers Mfg. pf, q... Am. Brake Shoe & F'dry new, Am. Brake Shoe & F'dry new Internationa] Harvester, q. Kennecott Copper, q Metropolitan Edison pf. q New York Lack. R. R.,'q. —_— LEAF TOBACCO MARKET. BALTIMORE, March 16.—Receipts for the past week were 113 hogs- heads and reinspections, 32 hogs heads, while sales totaled 114 hogs- heads. There was no change in prices and the demand continued good. Maryland prices, per 100 pounds— Inferior and frosted, 3.0024.00; sound, common, 4.00a8.00;" good common, 9.00217.00; medium, 18.00a27.00; good to fine red, 28.00250.00; fancy,’ 52.00a 53.00; seconds, common to medium, 4.00a10.00; seconds, good to fine, 11.00a 25.00; bay tobacco, fire-cured, 16.00a §5.00; upper country, air-cured, nomi- nal; ground leaves, new, 2.00a20.00. N. B—Unsound 'and badly mixed packages from 1 to 3 cents lower. Stock in warehouses—Maryland, 4801 noxshends; Ohic, 2,533. Total, Ground leaves to date, 295 hogs- heads. \ 4| quotations; 41 breasts, FINANCIAL : STAR, WASHINGION, D. C, FRIDAY, MARCH 16, 1923. ION NEW YORK BONDS STOCK nanNGBl Grain, Produce and Live Stock WHOLESALE MARKET. Much interest is belng displayed in the condition of the egg market, the demand being about equal to supplies. This morning’s receints were light and dealers quickly cleaned up a prices which prevailed yesterday—27 and 28 cents. Butter prices also remained un- changed. * The butter market con- tinues firm, with prices high. Very few changes in the fruit and vegetable market have been noted the past few days. Reports from Florida tell of the failure of the early cabbage crop, and receipts are small. California continues to supply the market with iceberg lettuce and caulifiower, while fancy headed let- Luce is being received from South Eggs Strictly fresh, selected. can- dled, per dozen, 26a27; average receipts, 25; southern, Live poultr: ; turkeys, per Ib., 30a40; spring chickens, per 1b.' 38a42; 'keats, youns, each, 60; fowls, each, 30. * Dressed poultry—Fresh-killed spring chickens, per Ib., 45a50; hens, per Ib., 33a34; roosters, per Ib., 19a20; turkeys, per Ib., 35a40; keats, young, each, 70a80. Live stock—Calves, choice, per 1b., 13; medium, per Ib., 10al2; thin, per lb., 8a3. Lambs, choice, per Ib., 13. Live Digs, 3.00a8.00 each; live hogs, per Ib., 9. gaireen (rults—Apples, per ‘bbl. 1502 650; Delicious, No. 1, 3.00. California oranges, per crats a6.00; Florida, 4.00a5.00, Lemon: box, ' 5.00a5.50. _Grapefruit, Tangerines, 4.00a5.50. Vegetables—Potatoes, per bbl 1.50a2.00; per sack, 2.23a2.50: 1.00. Sweet potafoes, North Carolina, 1.00a2.00; nearby, 2.00a2.50. Lettuce, per crate, southern, 50a2.50: Romaine let- tuce,” per crate, 1.50a2.00; Iceburg let- tuce, per crate, 4.25ad.50. Cabbage, northern, 3.00a4.00 per 100 pounds; near- by cabbage, per bbl., 1.50a2.50; southern, 250a3.50 per basket. Eggplants, per crate, 2.50a5.00. Tomatoes. per box. Florida, 1.50a4.00. Beans, 4.00a5.00 per basket. Peas, 3.00a5.00 per basket. Pep- ers, per crate, Florida, 2.5023.50. Kale, T barrel, 2.50a3.00. Spinach, per bbl, Celery, per crate, Florida, 2 25. Brussels sprouts, 25a30 Squash. 2.0025.00. Florida lima beans, 3.5024.50 per basket. GRAIN AND PROVISIONS. BALTIMORE. Md.. March 16 (Spe- cial).—P white. 100 pounds, 75a1.50; 50 barrel, 1.25a150; bushel, 60a65; bean I bushel, 250a4.50; beets, 100, 6.00a8.0 Brussels sprouts, quart, 25a30; cab- bage, hamper, 2.50a325; carrots, i basket, 50a60; caulifiowers, crate, 2.00a. 2.25; celery, crate, 2.00a275; cucum- bers, crate, 5.00a8.00; eggplants, ‘crate, 4.0026.00; horseradish, bushel, 3.00a 4.00; kale, barrel, 2.00a2 Tettuce, basket, 1.00a2.00; onions, 100 pounds, oysterplants, 100, 10.00a : parsnips, bushel, 1.75a2.00; peas, . 3.50a4.50; peppers, crate, 1.50a ; spinach, barrel, 2.50a3.00; squash, basket, 3.00a4.00; tomatoes, crate, 2.00a4.00; turnips, basket, 50a60, Apples, pac! barrel, 3.00a5.00; bushel, 1.00a1.75;" loose, 100 pounds, 1.50a2.00; basket, 50a75; cranberries. barrel, 8.00a12.00; grapefruit, box, 3.00a4.50; oranges, box, 3.75a4.50; strawberries. quart, 25a30; tangerines, one-half strap, 3.00a4.00. Selling Prices at 12:30. Wheat—No. 1 red winter, spot, no No. 2 red winter, spot, j1.35% nominal; No. red winter, spot, no quotations; red winter, garlicky, 1.35 nominal; No. 2 red winter, ' garlicky, no March,’ 1.35 nominal. Sales—None. Corn—Cob corn, new, 4.60 per bar- rel; contract, spot. 831§ per bushel: No. 2 corn, spot. ©. 4, no quo- tations; track corn, veilow, No. 3 or i better, 88 per bushel. Sales—None. Oats—White, bushe! 0. 3, 5. Rye rby, $9a90 per bushel; No. 2, western export, spot, 921 per bushel, nominal; No. 3, no quotations. Hay—Receipts. 34 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 reaily desirable hay. B —No. 1 tangled rve, 15.00a : No. 1 wheat, 12.00212.50; No. 1 nominal, 14.00a15.00 DAIRY PRODUCTS. BALTIMORE, Md., March 16 (Spe- cial).—Live poultry—Turkeys, pound. 30a40: old toms. 25; poor and crooked young _chicken. | poor stags'and leghorns, 24a28; old ! hen a2s: small and leghorns, 25a : 26 osters, 15a16; pigeons. pair. 133a40; guinea fowl, each. 40a60: ducks, 28a30; small and poor, 23a24 Dressed poultry—Turkeys, pound, 30a40; old toms, 25a28: poor and crooked breasts, 20; young chickens 30a32; old and mixed. 28a30; old roosters, 16a17; ducks, 27a32; capons, pound, 39a40; ‘medium, 37a38; small slips. 30a32. Eggs—Loss off native and nearby firsts, dozen, 25; southern. 24. Butter—Creamery, fancy, pound, 50a 51: prints, 51a53: nearby creamery, 16a48; ladles. 40a42; rolls, 35a40; storc packed, 28; dairy prints, 35a40; pro- cess butter, 43add. TODAY'S CHICAGO PRICES. CHICAGO, March 16.—Unexpected strength in Liverpool gave wheat values on this side of the Atlantic a | sharp upward slant during the early {dealings. The Liverpool market was {not aftected by the action ‘of the American markets the previous day and with a sudden development of a shortage of cash grain, prices were advanced readily. The upturn caught a number of the local traders short and led t3 general buying and a sharp advance, which was checked, however, on resting orders to sell. Houses with foreign connections bought con- siderable wheat. May wheat sold at 1.20 at the start, but when the buy- ing became free the price lifted above that figure. After opening % to 1 net higher, with May 118% to 1.20 and July 115, the wheat market scored additional slight gains and then hardened a trifle. Coarse grains showed a strong undertone with corn at the extreme top after the start showing 1 above lthe previous finish. The markets {acted oversold and advances were easily attained. After starting % to % higher, with May 74 to 741, the corn market scored additional gen- eral gains and then geban to sag. Oats started at the same as yes- terday's finish to % advance, May 44% to 45, and after gaining a trifie more, undérwent a slight reaction. Higher quotations on hogs gave a lift to provisions. WH ‘;p;;% 115 1.18% ki 44 14 4 . 1237 21250 L1015 1115 1132 1140 1140 1187 e — BROKER SELLS BUSINESS. WILMINGTON, Del, March 16— Frank D. Lackey of the firm of F. D. Lackey & Co., who was expelled from the New York Stock Exchange yes- terday announced that the business had been sold to Harriman & Co. of New York, The latter company is a member of the New York Exchange. Mr. Lackey sald he would not be connected with the business in any way. ADMITS RATES FIXED: OTTAWA, March 18.—Maj. Phillip Currie, general manager at Montreal of the White Star-Dominion steam- ship lines, admitted before the house committee on agriculture that rep- resentatives of the steamship com- No 54%a55 per oat, Low. Close. 1.21 115% 114 14% 8% High. 191% 116 114% a4 o 8 45y 44 3% 12.40 1252 12.35 12.45 California oranges, per crate, 5.50 | per bbl., 6.00a | quotations; | 30a38; | HIEH SUGAR PRICES THREATEN CANNING | Alarm Felt Over Sweeping Advance in Costs—Peril Largely in West. BY J. ROYLE. Special Dispatch to The Star. NEW YORK. March 16.—Canners and growers of berries and small fruits in certain sections of the cou try are facing a situation of r Peril to their industries in the prece price of sugar. This situation is ¢ peclally acute in the west and nor west, where canners failed to pr vide for the requirements for When sugar was selling near 4 cen pound. Growers in the Pacific north west today declared that the prese price of sugar—$10 for 100 pounds that section—was ruinous, when complicated by scales on farms and shortage of labor and for cans. Tens of thous: 1y cleared lands to raspberries especia higher in . canner higher prices 1ds of acres of have been plant ) nd " loganberrie Washington and Oregon in the three years. Canneries and packing plants operated on both a corpurats and co-operative basis have been erected to handle these this heav inv ent of now threatened, according interested. They have sent communication to Secretary merce Hoover protesting sugar prices which result of market man Southern Canners Protected. Canners of erops apital to tho toda of Con 4 cane growers cane was cut last fall, bu against their probabie for this year. In connection with the s tion it is interesting to note report of the American ing Company for 1922, befo vance in raw took pia from operations of against a loss in 1921 Heavy Asparagus Pack. California asparagus preparing for a heavy weather conditions ¢ a total of 1 ceeded. Practi Fave sold their expected outp advance. Acreage has been inc and canners have bid sc that aspar which would go to esh veget is_going to the canneries Boxes used by canners in shippir have increased 10 per cent In some sections Builders The_shi in a batt the hands along the w from these pack Fight for Men. and building trades a al for labor. Many of ip vards and b 10} for better-paid j gineers especially o at figures higher tha Building un 1diate relief removal of freight emba is which have indus e ed by th {railroad fre which w5 complicated Oil Production Stimulated. The statement b the exploitatior 2 estimated oil producing are: co had been favorable developments companies whic had operated faced loss of one-half of their original inv nt, expected to add stimulus to the drilling opera- tions fn American fields. Developme operations now are proceeding at an un- usual ra Smackoy a, | Califor: and in Wyomin Montana. A further advance in gulf crude is anticipated. Automobile owners in many diff £ are rus their sur i th g to tire stores to buy mer's supply of tu fore the general advance in pri {which is expected goes into effect High Prices Halt Trade. SAN FRANCISCO, March 16 (S cial). —Unwillingness of consumers {absorb price increases is b Iretailers in section for a fall in business activ |as compared with Ja ruary. Building operations terially {night { mater: et Associations Boomi: MINNEAPOLIS, March 16 (Spe {—The number of co-operative ma keting assoclations in Minnesota have increased from 3.500 to 4,500 in the last year, according to_state agricul- tural officials today. These associa- Itions have handled the distribu ot millions of dollars of farm products | (Copyright, 1923.) ) i g 1 DIVIDENDS. { { Ma on Alabama Power Co.. q., TR Air Reduct s All Aaerica Calies, Aeol Aweri ogine Co.. q.. 1% pf be Power & I'aper . 1%% pf.... < l'x‘nk of “Man Colomal Tank Consumers’ 134% on 6¢ Consumers’ 1%5% on 7% pf Central *Aguirre Qs SO0 e Dubitier Condenser Corp.. q., §: o Goodwins, Ltd... q.. 1% pi. Gould Mfg." Co., 4 g Gould Mfg. Co..'q. Hyuble 01 &"Ret i agar (o.. “Radio 1 13,% pf. ot a 1%% . Kentucky 3714¢ pI. Louisville & Bureau Co., gy 1%% pt o Magor Car Corp.. q. Magor Car Corp.. q Nllom;\“fil'ue\ & G N N¥indin oo Traction d Light Co.. q., 14% on 6% Northern Traction. '} Tight Co.. . 185 on 1% Prl‘{‘)e (';‘“.“A' ):‘I: C u;'] 4 % 2 c Gas & Elec., q., $1 % o Power & Light Puget Sound Power & & g SLEO DT $and " Powe: q.. $1.75 per share. stapidard. Textile Products Bratant’ T standard Co., 1% “B’ Sloss Sheffleld Co. Pl Shell Union Oil Verde E: pEEL e Products United A e Victor Talking M panies met regularly and decided on | Vo' 1P freight rates on farm products, sald the rate on live stock from Montreal to Liverpool probably would be $22.560 when Montreal cpened. He sallings