Evening Star Newspaper, March 17, 1923, Page 20

FINANCIA NEW YORK STOCK EXCHANGE Recoived by Privaté Wire Direct to The Star Office O Eive stork ANY GOOD JOBS ARE GOING BEGEING Manufacturers Losing Vast Sums Through Lack of Labor. -STOCKS DO WELL ~ INBRIEF SESSI American and Lima Locos at ] s E Am Brake Shoe. 80 80 , New Tops—Oil Shares Also 3;;; Eonne Ot }gg% Show Strength. R CoteRIOns: 16 Open. High. 9% 71 13% 13% Open. High. Alr Reduction Ajax Rubber.... Allled Chemlcal. 8% 78% Am AgrChem.. 34% 34% Am Beet Sugar. 46 46% Am Cotton OIl. Am Internai AmLaFrance. 12% 124 mLinneed.... 34% 84% Am Locomotive. 135% 138 Oklahoma Prod. 2% AmLocopt..... 118 118 e In today’s | Am Metals 53% 637h DS RLaaE oo 0N tinportanty A NENIRGor . S NEEKC Owens Bottle. 48% Am Ship & Com. 18% 18% Pacific Develop. 1 ; Soara | Am Smelting... 65 65% Paclfic Gas & EI 80% man of the Mexican petroleum board |\ smeleing pf. 102 102 PacificOll...... 45 16% 30% 16% 80%% ;] BY STUART P. WEST. Bpecial Dispatch to The Star. NEW YORK, March 17 Stock market the few moves that occurred were all of them upward. The staiement by the chair- BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 17.—Good jobs are going begging. Desplte this, thers are thousands of workers today who are voluntarily unemployed ba around and waiting for a job strikes their fancy. Thousands of doi- / lars’ worth of business which might be handled at @ profit by manufactur ers, producers and carrlers lost in consequence. Ste operating at a rate uneq war expansion of pla 35,000,000 and 40,000,000 cotton spir dles are active. Employment in the automobile and other industrial plants in Detroit today has reached 3 workers, the high po The bullding trades trained men and the farms wages unheard of in other years Labor disputes, however, are 10omini as possibilities. Textile workers New Eng 1 rmined to mand , and & & of 36,000 op they offer to the granting of th mands. Other factory worke are preparing for a struggle wh may involve thousands of employes Low Clothing Prices. Perhaps the mast dominant facto: 44% P PR 2y Iy .50. _ Grapefruit, erines, 4.00a5.50. Vegetables—Potatoes, per bbl, No. 1, 1.50a2.00; per sack, 2.25a2.50; No. 2, 56a 1.00. " Bweet potatoes, North Carolina, 1.00a2.00; nearby, 2.00a ._Lettuce, per crate, southern, 50a2.50; Romaine let- tuce, per crate, 1.50a2.00; Iceburg let- tuce, par crate, 5a4.50. Cabbage, northern, 3.0084.00 per 100 pounds; near- by cabbage, per bbl., 1.50a2.50; southern, 270a3.50 per baskat. Eggpiants, per crate, 2.50a5.00. Tomatoes, per box, Florida, 1.5044.00. Beans, 4.00a5.00 Der {in the commerclil mercantils fieid basket. Peas, 3.00a5.00 per basket. Pep- |of the week Las Leen the low prices pers, per crate, Florida, 2.50a3.50. Kale, . and fell dlothing per barrel, 2.50a3.00. Spinach, per bbl., & Marx of Chicag: a4.00. " Celery, Florida, T .75a3.25. 25230, Squash, 2.00a5.00. Florlda lima beans, o EmERandues for overcoats This ha. manufacturers el prices or scramble for the leavin, 1t is generally admitted in the clo ing trade that the Chicago firm is & position to whatever amournt of business it es at these figures ( By the Associated Press. ATLANTA, Ga, March 17.—The Southern rallway system announced today that nearly all of the new were dull The check ich francs was Lenolr City, Tenn., by the Lenoir Car Works: §70 box cars at Mount Ver- non, 11, by the Mount Vernon Car Manufacturing Company, and 200 stock cars at Anniston, Ala., by the Kilby Car and Foundry Company. Bklyn Ed gen bs Bush T Bldg bs '60 Central Leather &8 Chile Copper 6. . . CinG&EG5lk%s'62. Con Coal Md 1st 55 Cub CaneScvd 8. Det Edlson ref 6s. . 2% yout book price lev doubt that cot each record proportion the crop is depend ditions and supply head boll weevil Cotton Assocta 12% than among seek to ch 5434355 per Price of Calcivun Arsenite. googr'h (BF) 6%s. oodyear Tr 8s'81. New Engines to Cost Approximate- | Goodyear Tr 85 '41. Humble O&R [ %s. Indtana Steel 5s. .. Int Mer Marine 6s. Int Paper 1st is A. Int Paper 1st §s B. Kelly-Sp'gfleld $s. Liggett & Myers o8 Lorillard (P) 6s... Lortllard (P) 7s... Magma Cop cv 7s. . Manat! Sug sf 7%s Mexican Petrol 8s. Midvale Steel Gs. .. Morris&Co1st 414 New Eng Tel 6s.. . NY Edison 13t 6348 N Y Tel 6a"41. NY Teld%s.... N Am Edlson 8s. Otls Steel 8s. Pacific Gas & El &y PacT & T6a'52... Packard Motor 8s. %E5RennmERaSnm expected pounds are per smelters, ind the cof producers, ar tor two years ly $75,000 Each—Extra Heavy Type Ordered. Sou Pacific cv 4s. Sou Pacific ref 4s ou Paclfic clt 4s. . Southern Ry 1st 63 ngth e Japs 16.60a iave not advanced, b the Canton » moved up 1o & parity at the a and New Yor markets. TODAY'S CHICAGO PRICES. L'hl(l;; )_"“:"" 2 handke CHICAGO, March 17.—European de- | [icces of siil 1 i e ;’.‘*7" mand for wheat continued today, and | §19 each at r 14 TOXCEEOME 9D values here started upgrade during|" Lumber the early dealings. _ Strength in | ita copper, Liverpool also was reflected on this |< kide of the Atlantic. At the start there waa a fairly llberal trade with for- eigners, who bought May, July and ptember partly by direct cables May soon touched 1.213%, the highest price since the middle of Februar Some scattered commission hou buying shortly became much in evi- dence, but the bulge soon brought out increased pressure, which resuited in & reaction to around vesterday's fin- ish. After opening unchanged to % higher, with May 121% to 1.21%. and July 1.16, the wheat market steadied a trifle, then underwent a slight setbach Corn and oats responded with the ac- tion_in wheat, trads being mostly of a local character with some short cover- ing. After starting unchaneed to 34 up , May 74% to 74%, the corn market hardened & little more on all deliveries Oats_opened unchanged to b higher: May, 45% to 45%, and held near to the initial range. Provisions were lower in the line with a decline in hog values. CHICAGO, March 17. WHEAT— CHANGES IN BONDS |[exxzx xoxx BONDS stoox mxcas] Received by Private Wire Direct to The Star Office. I-ARGEI-Y UPWARD e ‘Sales. High. WHOLESALE MARKET. Vs Bales. High. Low. Close. rbor 4s. 61% {NEHEARAE e 1200 208 Lib3y . 118 10110 10102 10106 | Atchison gen 4. 863 AR, Spward toodency W o NOrTex & Mex. 95% 96 Lib1st 43%s,.. 88 9800 $780 9796 Atchison ad) 4 S [in butter and egy prices this morn- }N,zé"m‘k et Bg gg\fi 848 9788 9776 9782 Atlantic C L 1st 4 841 Ing. Probably due to the bad I s en 176 9840 9830 9832 AtlanticCLcl4s.. 79% weather recelpts of eggs fell off a 476 9798 9788 9794 94% trifie yesterdey, and the result wos NYNH&Harttd. 19% 19% Victory 4%s.. 18 10008 10004 100 08 76% H6 oo it s e jofl 1h coat Vs acaen e UB4%»1952.. 115 9930 9922 9930 a1 [Iceas0L i Norfolk & West. 112% 118% * and Irregular. e tho price of butter \was noted. Re. North Amer pf.. 47% Argentine7s. . 108 102% 102% O Toledo 4s... 18 63 calpts’of butiet have not BeeniHenyy North Pacific... 178 5 Belgium 73, 99 98l Bllyn R 5. .. ... 5% the past few weski, it 15istated. ng BY GEORGE T. HUGHES. ::;':um 6: o4u ok Bklyn R T bs otfs. . 75 e e Special Dispatch to Th sium 8 98% 98% BKIRT 7s *21 ctfs. 9214 Meat prices are about the same as teh to The Star. Bern8s... 112% 112% Canadian North 7 114% the past week, the market on lambs NEW YORK, March 17.—There was | Bolivia 8, 92 91% Canad North 63a 111% being firmer than on other meat no particular change in bond prices | Bordeaux 3 6% 176% 3 today, and trading during the two- | prazil7s 82% 824 Ches & Ohlo cv 54, 90% dled, per dozen, 26a27; average receipts, Cliosi& Dot iin 25; southern, 25. Probably most of the net changes |Canada 5 th b %s. . Live poultry—Roosters, per 1b., 18; sn refutation of the Standard Oll|Am Steel Fdy... 89 89 Packard Motor. 14% 1% | were upward, but in no case was Canada 5 15 100 1ome To1s v!v::;«&A(v):::;fff‘ turkeys, per Ib., 30a40; spring chickens, statement of Friday brought a falr |Am Sugarpt. .0 106 108 Pan-Am Pete... 81% 214 | there any very great gatn, and tne |Canada Fa1931 100% 100% 100% | Chi B&Q 19t £¢'ss. Pem g dtals eats voune each oA tve buying went on Sinclale Conlo " | 4 robag pt () 1017 Penn Seabd Stl. 5% |as distinot from Investment, issues.|Chile g 1926, 101% 101% e . chickens, per Ib., 46a50; hens, per 1b., o e e D vatenwe 30% Pennsylvania. .. 48% | A g00d deal of interest was shown in | Chile 88 1941. 1087 103% ChUMES bt ssan. stances urospec 3 2% 103 3 4 D Teates wera the principal motive. fi:‘a’,x;?v! 133». l;;;’e.}::‘;‘m:!é:: 29y | Seaboard Afrline adjustment 58, both | Chinese Gov Ry 5a. 6l% blw Ch!I M&St P 45 '26.1 rhh'emens?m—rxwlrvel;, ‘}'5;{‘,"’" e :::r' b, §8Y. Lambs, cholcs, per Ib., 13. 'Live rominent. Both American Locomo- £ Cubabswi.. 99% 99% Chi & NW 61, DIgs, 3.00a8.00 each; live hogs, per Ib., 8. Iveé and Lima Locomotive made new [Ann Arbor...... Phoenix Hoslery. 4d% | Shos It was notioeable that high-grade | Crechosiovakia 8s. 12 884 884 Chi Tiyn o' Green fruits—Apples, per bbl, 1.50a Diens "but fhere was nothing new In | Asso Dry Goods. 88% Pierce-Arrow.. 18% | Shore-term obligations were Mo®t I Inenmark 8s....... 5 1094 109% ChiRT& Pac 6.60. California oranges, per crate, £.80 this connection Ass0 DryG1stpt 88% Plerce-Arrow pf 32 | e showed " aigns o vafiving. | Denmark 6s L7 9Th 9Th ChiTUn Sta 450 " 6.50; Delicious, No. 1, per bbl. 6.00a Sinclair Oil at 38 was up two points| atcnigon. ...... 103% Plerce-Arrow pri 24| Among the second-grade issues the | Dutch EastI 6s'47 94% Chl & v.{uad“"” lifornia oranges, per crate, 5.50 on the day. The street 1o id from |Atchisonpf..... 89% Plerce Ofl...... 4% | fcature was the weakness in Mis- |Dutch East16s'62 5 94 CCCRSt Lrt oy AT, for'an increase in the dividend from |4y Sal Fe to” 2% Piggly-Wiggly. © 70, | sourl Paolfic general 4s, which sold | FramericunID 7344 88% CCCR StT, 4155 Atlan Cst Line.. 1 120% Pitts & W Va. 4 37% { down to a new low for the year. French Govt s 9744 Cleve Term : "a 46 | Atlantic Fruit.. 2% Pressed Stl Car. 70 rm5is... share and paying only $4, ¢ ed 46 for the first time. n o Tty e = % e olland-A 9 2 Rallroad Shares Pick Up. Atlantic Gulf pf. 264 Prod & Refpf. .. 48% | French bonds held their new ground |Japanese 2:1“4!1/::" 92% H::; n Some of the raiis did berter toward | Augtin Nichols. . 30 Pub Serv of N J. 99% | well. Japanese ds. ... ... 57 82 | Ero cons de A ¢ho close, notably Delaware and Hud- Voo 0 162 Pullman Co..... 182% berties were dull and frregular. Jergen U M 6s°47.. 813 e Pomnt e ey e e A ihat | Falto & ORlo- ... B3% Eunts Alegre. .. ggfi T A ; 761 Trunk n;dr:'h s 1t b ~riday on e i : P ucezing of the short interest | Falto & Ohlopf. 600 Pure Ol1. " e Bdta ir North gen 7s. ... Wwas through with and that the stock | Barnesdall (A). 32 Raflway Sti Spr. 121 ntevideo 7a. . 89 Gr North gen 513, was under @ cloud because of the |Barnesdall (B). 20 Ry St1Sprpf. .. ; 18 5 Netherlands 6s. ... 98 Havana ERL&P 68 stock exchange investigation into re- | Beechnut Pack. 68 Ray Con Copper 15% cent operations. Its speedy rally to- | Beth Steel (B).. Reading. 8% day, however, showed that the float- | peth Stl 7% (n) Reis Robert. ¥ 19 111 Central ref 4s 111 Central 515 2 - Int Rap Tran 58 more active. ‘1 bad bean | BXIYD Rap Tran 8% Rep Ir & Steel 60% Rio de Jan 85 1946. 94 9 “{Int R Transit 7x. L it e e Tiot | Burns Bres (A). Rep Ir & Stl pt.. gg: g:uga Jan 85 1947, 94 31 | Int & G Nor aj 85 3.5024.50 per baaket. {1 the stock market Frid 4 . ? . - 0 Gr Do Sul 55. .. a = i - continued today, - Trading was stil it e B 2% | Locomotives Will Be Turned Out|s.o pauiostate 55 o oo Kan City Ft § 4s GRAIN AND PROVISIONS. afet fn comparison W s hea 4 z : : <an City Sou 5s. ORE, Md., March 17 (Spe- fotals at the outset of the week, and | Butterick...... RogalDuiohtese 52%| at Richmond in $17,000,000 |Scine Dert ot Ta. - Lalke Shore 4s 2% - el e, “witter 100 - pourids, is showed that the s tive cam- | caado Ofl. St Joseph Lead. . 21% gn was being conducted -much more | cajifornia Prck. St L & San Sran. 26% Expansion Step. Frpests i Calumet & Ariz. St L & San Sr pf. 47 Tokio bs. 1 1. | J-ouis & Nash 7 ams, barrel, 1.25a1.50; bushel. £0a65 Ud King'm Eiss 39 Leuis & Nash § : beans, bushel, 2.50a4.00; beets, 100,| Raw Wool Market Stationary. Previous day in parts of the list was |2 patrd)oe " J &'m 534529144 e liash B g D00 00 brtsain e rontnQUAEG 250} o UIS Pt SIRCSRAEY not continuing, special operations for f 2y om0 Savage Arms 27% Ud King'm5%s'37 22 Mi] El Ry & L 53 30; cabbage, hamper, 2.7623.50; C&T-{ern ranges S nn it rant the rise were resumed. Canad'n Pacific. Sears Roebuck. . 89% MISCELLANEOUS. MK & TprinssA. 15 rots. basket, 50a60; cauliflower crals: | marketing ¢ ernes €11 Controversy Turns. | CentralLeathpf Seneca. Copper.. 11 Am AgrChem 7%s 8 104 108'3 MK & T 65 C 2.25a2 ;’o;_ 1.{, = m)ear::fi’v i "ar kept pace. f the foreig The Mexican oll controversy tock |Cerro de Pasco.. Shell Tr & Tran. % 39% AmSmelt&R1st55. 88% 581 T laeiao. Norueraniany Dusnell] Sk o, W set a det! +he expected turn when the head of | Certain-Teed. .. Shell Unlon. 16% | cars and locomtives, costing more | Am Sugar Ref 6s5.. 9 103’y 103 5 # g eI | mitel imit on le advanca Sexican Petroleumtand Pan-American | Chandler Motor. Simms Petrol. u xave out ement refuting the | chegap & Ohlo.. Stmmons. ... New Or Term 4s onlons, 160 pou: e Sinclair Oll. 3%% | Southern lines. Fifty freight and AmTaTcltrds.. 913, NYCentdebea plants 100, 10.0021200: pa B it el Nk he Semancs ange naoconda cv db 7s. . 103% N Y Cent deb 4; bushel, 1.75a2.00; peas, bushel, 3. not lost faith in the sti xchang et sixteen passenger locomotives, fve |snaconqa tut g, .. m:‘, NYCentriss . £.50; pappers, crate, 1.56a2.50; epinach, ot e e n o Atat Chi Great W pf. Skelly Oil (new)- : 318 0 box cars, 2,866 hop- | Armour & Co 4%a. 5 86 N Y Cen LS cl 3%, barrel, 125a3.00; squash, crate, 3.008 | mined to exact the 13st oent possip. an denial that |{ChiMil &S8tP.. Sloss-Sheftield. . % b LW et ‘0004'{:-&7-000 Kondola | Atlantic Refin 6s.. 3 98% New Haven d 4s 67. 4.00; tomatoes, crate, 1.50a3.50;turnips, | from the mills. Few dealers, how fons for @ Ruhr settle- | ChiMil&StPpt. Sloss-Sheft pt. .. 871 | 0081 o8 ©ars are In- | Bei) Tele PaSarcts 961 New Haven 7s. basket, 50a60. L 2.00a6.00; | EVET: bellove that cven the Jeriche n opened. Steriing was | Chi & Northwn. South Paclfic. 93% | T Jocomotives are to be buflt at | Bell Tele Pa s 1074 NYState Ry 4% Apples, packed, barrel, 3.00a6.00:}pool in Utah will bring the 60-cents onary, still 3 cents un- | Chi Pheu Tool. . So Porto Sugar. 61 2 ~t| Bethlen'm Stl rf 58 91 der its high of a month ago, Chi R1& Pacific Southern RwY. . 331 LoiRntos asiet. SOl coaneiTien Producers and Refiners was one of [ Chi R I&P 6% pt Southern Ry pf. 69% 11,365 coal cars at Momphis and St. 5 Norfolk & W cv 3.00a4.50; oranges, a4.50:] Cotton cioths have shown no fallirz Spicer Mfg Co 24 |Louis by the American Car and|Brier HSt1st6s. :0"; Pac 4s... strawberries, quart, tangerines, :fi. mhflr in production, sales : North'n Pacr i 6s. half strap, 3.50a4.00! prices. Retailers Sed on earnin € CC & St Louis Northern F quirements now rTun about $15 a share against | Giuecte pebype S Ot NITw i A2H AZ% S ermmac _ Selling Prices at 12i30. the 84 in dividend. Income from 1t coca-Cola 5 StOllof N J pf.. 116% 116% 116% Ore-Wash 1st rf 4, Wiheat=No I red wiiter, ‘apot 1O naw refining plant v be depended < 2 1024 s quotations; No. 2 red winter, spot, Colo Fuel. . Steel & Tube pf. 102 102 ehnin B b o 8 g apon (b usust Columbia Gas. Sterling Prod 64% 64% 64% P _ 1.35%; No, red winter, 8pot, nol}acreagze w e e e " ¥ | Com Solvents A. Stew't-Warner. 119 118% onasslgen 4 : o Wil thie e N 17%3: | Comp Tabulator Stromberg Carb a 92 = LI o A wi e Cons Clgar..... ‘Studebaker... ... 125% Pennsyl con 4135 Sales—Bag lot of nearby at 1.25 per Submarine Boat 1a% Du Pont ae Pere Mrq 1s : ol ntde N 7i4s. q 15t 43 The automobile companies. Such has k A Duquesne Lt 73s. Reading gen 4s. ... - orn—Cob corn. new, 450 per bar- been forecast for some time. ContCan... Duquesne Light 8s RIATk & L 4%s. . e 7T rel; contract, spot, 84 per bushel; Corn Product S S SUL I M & & 43729 e 4| No. 2 corn, spot, 86%; No. 4, no quo- Cosden & Co. ... s B1% L&SFplisA, : 3% tations; track corn, yellow. No. 3 or BUTTER PRICES GAIN R TiidyCompasy o LESFDIhA e Eackiens el Crucible Steel pt » ' Ami Texas & Pacific. 25% : STEADILY DURING WEEK s Tex & P C&OIl.. 21% T310054 — CubacozeBhir. Tido Water Oll. . At s, 8690 per bushel; No. - ‘uba Cane S pf. Timken Bearing 43% 2, western export, spot, 93% per BYtbeAskorinted Brehn. i bushel; No. 3, no quotations. CHICAGO, March 17.—Decreased re- To Moy Reoelpte, 11 tons: top grade ceipts caused this week's butter mar- | poyiggon Chem. 35% Tol StL & W pt. 574 timothy and light clover, mixed, in Ret o A e e tha [[DSIEEIUARODE Trans Contl Oll. 12% mogerate demand at a range of 17.00 D Lack & Wstn. - - to 21.00 per ton. with no surplus o Union Bag & P.. 6 of from 1 to % cents over opening |Dome Mincs.... Union Pacific. .. 1407 141 prices Monday Dupont (E1) Unlon Pacific pf 7 4% Unloadings of Eastman Kodak Union Tank Car 95% Jand butter at Elec Stor Bat... Tank Cr pf.. 112 2 112 yrevious week Endicott-John. Un Cigar Stores. 215 215 ©of the produci uncertainty in the market until it was established that part of the import| (Bales are in $1,000.) Trading Today in Very Nar- 1004 was registered this morning. North American 112% FOREIGN. Canad Pac deb 45. . 7% products. Braz| 5 hour sesston was very dull. 118 95% 95% 33a34; roosters, per Ib., 19a20; turkeys, Next fo theso oil ‘shares the rail- | Amreolen. - . o P atoms low | yesterday and today. hristlaniags..... 1112 112 ChiM&S P ov 4%s. Lemons, per the present $2 to at least $3 a share. Among forelgn bonds the Anton |French Go: : 3 Atl Frult ctfs. ... 24 Pressed St1 C pf. 92% s e, 48 0% Del & Hd 1st rf 4s. Norway 6s ctfs 98% Hud & Man ref s ing ‘supply was still very small. The | gooth Fisheries. 5% Remington 46% Serbs Ci Slov s CrotsSlov 8s. Taketho,s 1552 5al.50; 150-pound sacks, 1.002.50; erly. vertheless, when it was Calif Petrol.. StL Southwn. .. s 34 Mo Pacific 6s. )0 3 ceoll, 34 1o than 317,000,000, recently ordered by |AmT & Tcv8s.... 8 1170 116% e hru | maiet B el i growern ard tic comments of the chairman | cpac's O pf wi. Sinclair pf B T A 98 v = .00a1. 1 100 pounds,{as-pou de n or 1t Richmond, Va, by the American Lo- NY W& Bosdlgs. bushel, '1.00a1.75; loo: pounds, {a-pound demand for it Beth'm Stl pm 5s.. 88ty the few domestic oil stocks to de- | Chile Copper. .. St Oll of Call? 605y * No. 2 red winter, garlicky, B quotations; No. 2 T &1 but t o : Consol Gas Superior Ofl.... & . 5% E Cuba Sug 7%s.. Empire F&G 74s. Fisk Rubber Ss... Sales—None. Guban Dopiieat Tobacco Prod. .. 56% w=trength, the week ¢ ng with the really desirable hay. United Drug. ... 81 stock had been sold to Canadian buy- BALTIMORE, Md., March 17.—Or- ders for seventy-five locomotives to cost approximately $75,000 ~ach, have been placed with the Lima Locomo- tive Works of Lima, Ohio, and the Baldwin Locomotive Works of Ed- dystone, Pa, by ths Baltimore and Ohio railroad. The new locomotives are sald to be of particularly heavy construction, with ten driving wheels, but with the weight distributed to permit rapid progress even under a heavy load. They will be delivered In the fall. —_—— Phila Corer6s A.. TODAY’S COTTON PRICES. B - Weather in Cotton Belt Cause of | progicers® RS #e. Rise at Opening. Punta Alegre 7s... 5 . z Sinclair Oil 7s. ... NEW ORLEANS, March 17.—Cold |Sin Crude O} 5%8. weather in the belt, with considerable | Sin Pipe Line b& raln in the eastern portions, caused|s.oil o Calif 7o a rise of five to elght points around [t O} LAV the opening of the cotton market |Steel & TubeTs. today, but liquidation from the long |Tide Wat Ofl 61ss. side” immediately set in, and prices | Toledo Ed'n 1st 7s. reacted to net declines of seven to|UnionBag& P 6. ten points. New buying was met as|Unit Drug cv §s the market fell and at the end of the [USRub 1st 6 firat half hour of the session the mar- | U'S Rubber 75 ket was again at just about its high- | U S Steel s f bs. est levels. May ‘traded as high &s|ycap Pow & Lt 64 2058 and as low as 3041, October | yUi2@ BO% € L7 bs- traded as high as 26.37 and as low as|Ya-Car Chem is.. . 26.21. Cotton futures opened steady Ean Sl Tam w Warner Sugar 7s. . March, 30.57; May, 3085; July, 30.15] October, 26.25; December, 25.77. ‘West Union 6%s.. Kansas City Term. 6s i Wickwire Spen 7=. Rennecott Copper T a . NEW YORK, March 17.—Cotton | Wilson & Co 1st 65 | ibby. Mex Beptembor futures opened steady. S & 16.00; No. 1 wheat, 12.00a12.50; No. 1 New Zea- oat, nominal, 14.00a15.00. ring the approach Sou Ry Mobile 4s. . Third Ave ref 4s... Third Ave adj 55 Union Pac 1st 4s. Union Pac cv 4s. Union Pac cv 6s % 108% Virginia Ry 1st 5s. 3% 93 VaRy&P1 86% Western Md 4s 601% Western Pacific 8 8012 Whel &LE rf 4%s. 12 54 TOTAL SALES (Par Value: 1l1am.. 3019000 12noon b 885000 —_—_— SHORT-TERM RECURITIES, (Quotations furnisned by Redmond & On.) RAILROADS. Natl Enameling 70% 71 UNITED STATES BONDS. row Limits—Liberties Dull ) 80% An advance of 1 cent & pound in North Amer w1.. 22% Sl TN Torw: | Oows, Central Pacific 4s. 16 83 Eggs—Strictly fresh, selected, can- Brasil 7%s. 103 102% per 1b., 35a40; keats, young, each, 70280, Way_equipment group Wis the most | ondn...... 5l% Phillips Pete 62%| Among the strictly investment 18- | copg yoken 5%s.. 19 90 90 Chi & N W 73, 20 3.5024.60. Marlan Oil, which is earning $10 & Jurgen 63 were prominent, with a | Haiti 6; Atlantic Gulf... 33% Producers& Ref 54% et 974 Del & Hudson 5% s Paris-Ly's-Med 63. 25 721 Hud & Man aj 5 Prague 7%s 5% Anains. . Queensland 7 107% mmarket closed strong and considerably | popm gty 1st pt 6815 Replogio Steel. . 27% Queensland 6 101% Sot. oissons 6: Louis & N unt 4s. .. weets, barrel, 1.00a1.75; bushei, 50285 discovered that the weakness of the St L Southwn pf 61% Mo Pacific gn 4s. S 1.75a2.00; _lettuc r o et B them will be bullt at points on the |[AmT& Tcl trGs.. 96% 964 2 buyers now in t d are extremely andind Gl Chi & EastIll.... Skelly Ofl. 12% comotive Company, 1,500 box cars and Norfolk & W cn 4s B e o Cotton Cloth in Strong Posttion. Beth'm Stl s f 65 a7y velop Special strength today. The | Chino Copper. .. . St Ol of Calif rts 3% 1.35% ; No. 2 red winter, garlicky, no Pennsyl gold 7s. matter of price ¢ all_of ABE antomot Cons Textile. SweetsCoof Am. 2 Gen Elec deb Gs. .. BT S e ' - No. 2, CubsnDumntes acco Prod A. 8% Tour principal markets showing gains Straw—No. 1 tangled rye, vitle United Fruit. 180% United Ry Inv. 17% Utd Ry Inv pf... 3% 58 Cnit Retail Strs. 81 US Cast Ir P pf. 0% 0% U S Food Prod. . [ US Hoffman Mct 194 19 U S Indus Alco. . 1% U'S Realty % 101% U S Rubber. 2 6l 62 3 S Smelt & 41 U SSteel... 107% U 8 Steel pf. : 119 Utah Copper : 3 Vanadium Corp. 417% Va-Cr Chemical 22% Va-CarChempf. 6T Vivadou...eeees 19% Wabash. ... . 10% Wabash pf (A). 31% Waldorf System. 3% 44 Western Elec pf 112% Western Pacific. 18% Western Union. 115 Westhse El & M 4 g 64% Wheel & L E ptf. 17 White Eagle Oil 2 8% 2815 White Motor. 68 White Oil. 4 Wilson Co...... g 40% Willys-Overld.. % Worthington... 3 87% LES OF 8TOCKS. - 528 500 Erie 2d pf. FamousPlayers. Fd Mines & S pt. Fifth AvBusw f. Fisk Rubber.... now at full capac 1d tin are steady, sn LRS- Shortage of undergrades as com- pared with the top score: d a cor- Fesponding marrow range between weores noted the previous week still | gisishman. existed. The shorta of undergrades VAot materioiy Iossenediby theiar | LoospSrE Lo rival of 00 boxes of Argentine|Gen Asphalt. stock at New York last Tuesday. Gen Cigar .. Clo: & quotations and t range | Gen Elec ric. for the week at four leading markets | Gen Elec spl w i, Yesterday were as follows. Gen Motors. ... ... Chicugo, 39, 2 points gain: New |Gen Mot 6% deb. York, 50, 1% points gain; Boston, 52, { Gimbel Bros. points gain, and Philadeiphia, 50, | Gimbel Bros pf. Frpolutieqin. Glidden. ... Goldwin Corp | Goodricn Goodrich pt Goody'r pr pf Wi. Granby Coneol Gt Northern pf B Great Nor Ore.. { the Calumet and Heela Mining | Greene-Cananea {*’'ompany soon will announce details |Guantanamo Su. ‘uf the plan to purchase the Detroit |Guif Mo & Nor.. copper and_brass rolling mills, capi- | Gulf St Steel. ... [rulMud .H.|3G 00,000, H The Baltimore and Ohiv raiiroad {lian ordered fifty Sunta e tvpe of en. | Haves Wheel. Baldwin locomotive Household Prod nk clearings, $761,000,- | Houston Oftl. i 2 v 'k bank balances, $9i Hudson Motors. 1000,000; New York Kederal Reserve |Hupp Motor: (Copyrignt, 1923.) NEW ENGLAND FACING GREAT TENTILESTRKE Aunswer to Increased Wage De mand at Fall River Expected Early Next Week. Alnmin Aluminu Company, 2,000 coal cars at|Bklyn Edison 7s D. ntly 3 the Associated Press FALL RIVER, Mass James Tansey, presid tile Counetl, sald today that the co cil would stand pat on its demand fc & 15 per cent wage advance for 36,000 operatives tn 1i1 F River cotton mills pending a repiv from the manu facturers’ assoclation. It wase ox Harbishaw Cab. Great Northern Hocking Valley HOURLY Humbie Ofl Gigs 195 11 em..... 206300 12m. bank credits, $75,000,000. Regular quarterly dividends todays: Westinghouse Airbrake Company on stock outstanding prior to payment of 35 pr_cent stock dividend; Will- Baumer Company, preferred; Detrolt Motor Bus and an extra of 1 per cent, Burroughs Adding Machine, n National Corporation, pre- d, for quarter_ending December and March 31; National Supply of Delaware, preferred. NEW YORK EGG PRICES. NEW YORK, March 17.—FEggs, ir- regular, receipts cases: " fresh gathered, extra_firsis, 2013a3l: do., Arst, 27%;a29; New Jerscy, hennery white, locally candled, extra, 40a4l; do., uncandled, extras, 40a4?; stats and nearby hennery browns, extras, 34a35; Pacific_coast white, extras, $71,a3%; do, firsts to extra firsts, a43al HIGHER RATE ALLOWED. Authority was given the Illinois ©Central railroad today by the Inter- state Commerce Commission to in- crease from 4 to 5 per cent the inter- est rate on an issue of $13,447,000 in refunding and {mprovement mort- gago bonds which it proposes to is- sue. The higher rate. the railroad's application which the commission wranted said, would enable the se- ourities to sell for 963; per cent of par. PARIS BOURSE FIRM. PARIS, March 17.—Prices were firm ®n the bourse today. Three per cent rentes, 57 francs S0 centimes. Bx- change on London, 76 francs 5 cen- eimes. TFlve per cent loans, 73 francs 70 centimas. The dollar was quoted ®t 15 francs 99 centimes. BAR SILVER QUOTATIONS. LONDON( March 17.—Bar _silver, 38 5-16 pence per ounce, Money, 1% per cent. Discount rates: Short bills, 23-16 per cent; three-month bills, 2% per cent. NEW YORK, March 17.—Foreign Tar silver, 67%; Mexican dollars, 51%. LOWER INSURANCE LIKELY. PHILADELPHIA, March 17 (Spe- Blal).—Recent disastrous fires in New Jersey have led to a move among the Suburban towns to combine their fire- fighting protection and equipment. is ia expected to result in a reduc- glon fn nsurance rates. Hydraullc 8t Indiahoma. Inspiration. Interboro Met. . Interborough pt Interbor RapTr. IntCement..... InCombustion B Int Harvester... Int Mer Marine. Int Nickel 1ntl Paper. int Sho .. Invincible Oil. Iron Products Island Oil. . Jewel Tea. Jewel Tea pf. Jones Tea Kansas City Sou Kansas & Gul Kelly-8Spr Tire. Kennecott. Keystone Tire. Lake Erie&W pf Lehigh Valley. Lima Locomo. Loews Inc. Loft Inc. . Louis & Nash Mack Trucks. ... Mack Trucks 1st. Magma Copper. Mallison & Co.. Manati Sugar. . Manhat El Sup. . Manhattan Shirt Market StRY. .. Market 8t prior. Market St pf.... Market St Ry 24 Marland Oil.... Marlin-Rockwl. Martin-Parry. . Mathison Alkili. Maxwell (A)... Maxwell (B)... May Dept Stores Mcintyre Porcu. Mex Seaboard. Mex Sbd ctf Middle St Ol Midvale Steel. Mo, K& T wi Mo, K & T pt wi. Mo Pacific. Mo Pacific pt Montana Pow Montgom'y W'rd Moon Motors. Mother Lod: Natl Biscult wi. Natl Cloak&S pt Natl Condulit. .. 11 55 70 18 15 23 7 60% 23% 2 57T% 42% 9% 2% €T 72 20% 8% 144 86% 98 36% 8414 2% 55% 44% 19 80 56 48 45% 14% 31% 62 59 18% % 18% 1% 1% 11% 814 16% 42% 1% 4633 71 237% 24% 12% 43 100 % ‘WOULD EXPORT RUBBER. AKRON, Ohio, March 17.—The Good- year Tire and Rubber Company of Akron and the United States Tire and Rubber Company have formed a rub- in the export ef rubber and all com. modities allied with the rubber indus- try, it was announced here. Under the arrangement other rubber com- panies can join the association, MORE BAD-ORDER CARS. The American Railway Assoclation reports as of March 1 a total of 315,652 bad-order freight cars representing 933 per cent of the total on line. This was an increase of 3,967, compared with the total in need of repair Feb- ruary 15._ Of the total cars in need of repalr 155,813 required complete over- hauling, an increase of 2,272 in the two-week period, while 69,739 re- quired light repairs, an increase of 6,695 in the last half of February. DECISION RESERVED. WILMINGTON, Del, March 17— Chancellor Josiah 0. Wolcott re- served decision in the case of the Al- lied Chemical Company and the By- Produots Coke Company, to prevent the male of the Steel and Tube Com- pany of America to a syndicate head- ed by Dillon, Reed & Co. of New York for approximately $78,000,000. The syndicate includes the Youngs- town Sheet and Tube Company. It was contended the price was a “ridic- ulously low figure.” $600,000 PAY JUMP. BIRMINGHAM, March 17 (Special). —Thirty thousand coal and _ore miners in this district today drew their first pay envelopes under the re- cent 12% r cent wage Increase, which added $600,000 a week to the pay rolls of this section. DIVIDENDS INCREASED. NEW YORK, March 17.—Increased dividends were voted yesterday by di- rectors of Peerless Motor and Truck Corporation, and the Humble Oil and Refinjng Company. Peerless directors voted a quarterly dividend of ‘$1, an increase of 36 cents a share. The oil company declared & dividend of 30 cents a share, the first voted since declaration of a stock dividend of 76 per cent_and reduction of the par value to $25 a shars. ber export association, which has fllfl. application with the Federal Trade Commission for permission to engage ay, 30.85; July, 30.15; October, ; December, 286.15. NEW YORK, March 17.—Cotton, spot, steady; middling, 31.30. Cotton futures closed steady. March, 31.1 May, 31.25; July, 30.42; October, 26.85; December, 26.38. NEW ORLEANS, March 17.—Cotton futures closed steady at net advances of 15 to 20 points. Closing bids: March, 80.75; May, $0.71; July, 30.35; October, 26.47; December, 2 3 NEW ORLEANS, March 17 —Spot cotton qulet, 26 points lower; males on the spot, 15; to arrive none; low middling, 30.25; middling, 81.00; good middling, 31.50. —_— NEW METHOD ADOPTED IN QUOTING U. S. BONDS By the Assoctated Press. NEW YORK, March 17.—The meth- od of quoting United States govern- ment bonds on the New York Stock Exchange will be changed within the next two weeks so that the minimum fluctuation will be fixed at 1-32 of one point instead of the presént decimal system, with its minimum of 2 cents on $100. While this will increase the present minimum fluctuation, it will still permit of a much narTower move- ment then in other 1isted bonds, which are quoted in eighths of a point. The decimal system was instituted during the war at the request of the Unit, States government, which wanted the narrowest practicable quotation in order to provide the maximum stability in_price during the distribution period. Now that the bonds have been well distributed the need for this extremely narrow fluctuation is said to no longer exist. —— Animal Outlaw Bagged. From the Sclentific Americaa. For three long years Lobo, giant wolf, fattened on the cattle of the Arisona plains. From one ranch alone in one year he seised fifty fine white-faced yearlings. A government hunter in an automoblile at last brought Lobo down with a single shot from a rifle with the rear sight miss- ing. The wolf weighed seventy-eight pounds after the skin from shoulders to head was removed, and was the largest ever seen on the range. His disposal means a saving of several thousand dollars in stock annually, March, 30.70 | Wilson&C cv 7%s. 22 Wilson & Cocvés. T 96% ‘Wirch'tr Ams 7%s 1 102% —— ASK I. C. C. FOR RIGHTS TO ISSUE MORE BONDS In order to refund outstanding mortgage obligations, the EIl Paso and Southwestern rallroad applied to the Interstate Commerce Commission today for authority to issue $5,055,000 in 6 per cent improvement mortgage bonds. The securities will be ex- changed for an equal amount of other mortgage bonds of the road due Janu- ary 1, 1923. A second finance application from the Yazoo and Mississippl Valley rail- road asked the commission’s approval for another 5 per cent issue amount- ing to $1,068,000 to reimburse the railroad's treasury for expenditures on additions and betterments. _ BOSTON STOCK MARKET. BOSTON, March 17.—Following is a list of today's highest, lowest and closing _prices for the most active stocks dealt in here: Allover Abmeek = Am Tel & Tel Copper_ Range East Butte Eastern § 8 Int Port Cement Island Creek Isiand Creek pfd Isle Royale ... Mayflower 0 'C ..l Mobawk ... North Butte . 014 Dominfon .. Osceola. Switt & Shoe Mach CHICAGO STOCK MARKET. CHICAGO, March 17.—Following is a report of today’s sales, high, low and closing quotations at the Chicago Stock Exchange: Bales. High. JLow. 16’ Armour Leather ptd. B1 BT 208 Armour of Iilinols pf 855 84 285 Armour of Del ptd 99 2200 Boone Woolen 43 26 Diamond Match 1000 Gossard, H W 100 Montgomery, Ward. 910 Quaker Oats . 225 4500 Stewart-Wamer 6000 Standard 1200 Uslon Car & Carbd 03 1 Yellow Taxi . Fotal Sates, 20,000 day bills on banks, demand, .0628% demand, cables, .3946; Norway, demand, . ‘Argentine, demand, , demand, .11 at the speed of Ktandard O Tidewater ¢ Union Tank Car Western Union Westiwghoune E. 45 1636, &M 7 1081 TREASURY CERTIFICATES. (Quotations furaished by Redmond & Co.) ——Olose.—— Rate—Maturlty. Bid. Ofter. Jute 15, 1 5 Keptember 1 291318 991516 15 o 1116 g9 131e 15 81118 9915-16 D101% 101% 1011-16 101316 1004 E "8 10, ritid i) FOREIGN EXCHANGE. March 17, 1923—13 noon. (Quotatlons furnished by W. B. Hibbs & Co.) Selling checks { London, poun ol franc. franc. Madrid, pes erow ‘crown. ‘mark. Copenhagen, crows. Christianta, crown.. crown. By the Associated Press. NEW YORK, March 17.—(Foreign exchanges United States dollars.) Great Britain, steady. Quotations in 4.69%; cables, 4.69%; sixty- 04673 ; France, cables, .0l cables, 0481 0539; cable: demand, Holland, 048013 809} demand, :2659; Denmark, demand, .1925; Switzerland, demand, Spain, demand, .1544; Greeoce, .0108; Poland, demand, Czecho-slovaki demand, 707; Bra- ; Montreal, .97 9-16. When the sparrowhawk is swoop- ing down on lllfirey it cleaves spax 0 miles an hour, i3 i1 DAIRY PRODUCTS. BALTIMORE, Md. March 17 (Spe- cial).—Live poultry—Turkeys, pound, 35a42; old toms, 30; poor and crooked breasts, 25; young chickens, 32a40; rough stags and leghorns, 24a28; old hens, 28a29; small and leghorns. 26a 27; old roosters, 17. Ducks, 28a32: small and poor, 24a2 Pigeons, pair, 85a40. Guinea fowls, each, 40a60. Dressed poultry—Turkeys, pound, 35 a42; old toms, 30a82; poor and crooked breasts, 26; young chickens, 34a36; old and_mixed,” 28a30; old Toosters, 18. Ducks, 30a32. Capons, 37a42; small slips, 30a32. Fggs, loss off—Native and nearby firsts, dozen, 25; southern, 24; duck eggs, b3. Butter—Creamery, fancy, pound, 50 prints, 62a63; nearby creamery, ladles, 40a42; rolis, 38a40; s packed, 38; dairy prints, 38a40; proc- ess butter, 43a44. MARCH IN CIRCLE 84 HOURS.! Not One in Caterpillar Chain Had Sense Enough to Stop. Fabre, “The Insect Homer,” relates, in one of his books, an Interesting ex- periment he made with certain cater- pillars called *processionaries,” because of thelr habit of following one another | —nose to tail—In a long unbroken pro- Cession, apparently without aim or ob- Jective, except that of the one which happens to lead. Fabre placed a complete circls of caterpillars upon the narrow ledge of a moulding around the circumference of an earthenware jar. There was no leader; each one tafl of the one in front. ~And they marched in_solemn parade around the endless track for eighty-four hours, and appurently only & chance diversion saved them from literally marching themselves to death. No single one of the Insects had sufficient inltiative in all those hours to leave the procession, to crawl off the ledge and to branch out for himself. _— The energy value of the avocado or alilgator pear is more tham twico that of most other fruits, ad his head to the ! pected that clation’s execu tive commi , which considered the demand at a meeting vesterday, would send an answer to the council e y next week. Meanwhile the manufac turers refuse di: ss the situatior which threatens a strike in the loc mills. The United Tex Workers o America at a meeting here tomorrok will discuss the efforts of President Thomas F. McMahon o induce th manufacturers to confer with repre sentatives of his union or for a 29 per cent increa The manufacturers r nounced that they would consider this demand. e CHICAGO LIVE STOCK MARKED. CHICAGO, March 17 (United States Department of Agriculture ) —Hogs receipts, 000 head; slow, uneve; 10 to 25 low 5 to 200 pound bulk, good and pound butchers, 8.15 ing sows around 50; plgs 7.25a8.00; estimated holdover, v hog: itum light, ing sows, smoot packing sows, rough, 7 ing pigs, 7.0048. Cattle—Receipts, 0 head; compare: week ago beef steers steady to higher, good to cb a hand. eight reflect treme top long yearlings, 10, handy and ed eers, numerous lots steers lings. 9.50a10.00; beef cows and heif ers, largely 60 higher; spots up mor canners and cutte stockers and fecders, veal calves 10 70 up; weel's bulk, 25 higher; to 60 higher. Prices follow: Beef rs, 8.2529.5 stockers and feeder: cows and heifers, 5 and cutters, 3.50a4.50; 9.26a10.265. Sheep—Receipts, 1,500 ket steady compared lambs, 5 to 50 I wethers, weak to steady to strong: top lambs, 15.15 to city butchers: closing ton, 1476 to packers; bulk desirable fat’ wooled lambs, 14.00a14.80; good kind, 11.25a12.00; fall orn up to 1 choice eighty-se n pound fed yearlings, 13.40; heavier kind, 1 0 desirable fed ewes up to 8.75; bulk lightweight kind, 5.25a%.80; heavies 7.00a8.00 mostly: choice ninely-six pound aged wethers up to 9.50; bulk 8.5029.00; weck's top feed and shearing lambs, 15.00. —_— Do not despise commonplaces of them are true. not even dvance; ex 5; best 10.10 head; ek ARC mos: