Evening Star Newspaper, March 23, 1923, Page 28

' 98 ¥ = MARKET DISPLAYS | UNCERTAIN TREND Today’s Declines Partly Due | to Profit Taking—Many { Leaders Under Pressure. nY ART P. WEST. Special Dispateh to The Star. ] NEW YORK, March 23.—The action of today’s stock market made conflict- ing impressions upon the minds of close observers. Undoubtedly the m Jority looked upon such declines as vccurred as merely a tempora back. But it was generally admitted that speculative had cooled down considerably as compared with what it was earlier in the week. There of a disposition to take profits and otherwise clear up outstanding contracts long side. The result was a fairly seneral reaction. 0il stocks in_which have been active we particularly Sinclair, fin and Phillips Petroleum andard Oil of New Jersey was again under y and inscontinental Oil, below was down over the greater part of the ground gained during the entire bull camp: 13f- forts to sell Houston Oil d a poer market for that stock Leaders Under Pressu Against such lead as Studebaker, Raldwin Locomotive, Lim Locomo- tive, Bethlehem B and American Wool the pressure today was greate: than on any day for past Special weakness developed again in the bonds and stocks of companies deriving their m: revenue from !!v production of the cotton oil. Vv ginia-Carolina Chemical preferred broke sharply and the common was heavily sold, following drop of over 3 points in the Tty per cent bonds. In the s set- enthusiasm was more @ on the ntly ld, pools rec heavily Producers and some time of any evidence to the contrary & price of 93 for Virginia cCarolina Chemical bo that they are on an S pe would seem to be a suflicient to the question whether thes panies are making mon of the big increase in the raw materials Today's Finan Today absence St of their ial Review. < decline stock change was set down amens the r and file as merely a natural reaci after a long continued advanee a matter of fact, however, it was sequel to the s which have been apparent for time past that the Specul Was slowin down irts of the Wall street poc sionzls (o en- list a larg participation were 1ot meeting with much s Whils in the minds of most poo the cent market has been in the midst of a stro upward swing. the actual trut s that taking the great- er part of the fist, no ground has been gained for mor than a w k, and many of the lcaders were 3 low- €3 today—and, In NUMETOUS cases. con- Siderably lower—tthan t la Satur in other words, at- tention has nk As nipa while ks, after ulative market or so of selected st these have been bid up « other in a way to excite spe intercst. the main body of the hus been dragging behind Deckine Sharpest in Month. What happened today these technical positio gan to clarify be Community. Once it was made plain that the market generally could not be put up any longer by group opera- tic there was a general desire to unload. The result was the sharpest decline that has been seen in over month. In f it wasx more of a drop than was experfenced at the time of the raising of the federal reserv rates in Februar A new high price was a feature today buying the stock advanced over = s from the closing level of sday. This strength was due to f talk that Owens would anno ck dividend or another extra_cash dividend during the coming months. Earnings of at least 20 per cent on the common are reported Predicts Equipment Mergers. ries of deals linking railway electric equipment companies is predicted by a partner in one of the wire houses in lower Broadway. The helief expressed that the larger concerns will be brought eloser to- gether and that working agreements Wil e d into such as th opera between the General Electric Company and the Americ Locomotive Company. The names Westing and Baldwin Locomaotive imilar manner. This Locomao- tive and Pully r possible couplet. Every once in a while re ports are heard regarding the pe bility of Lima being merged with one of its competitors, but so far nothing has come of these reports. Outside the stock market the main points of interest were a further sharp reaction in French exchanges tresh confirmation of the rising tend- ency in time money and the di- ness of the sugar market in face of the criticism from Washington In the absence of anything in outside situation to explain the sline, Wall street began to eanv the possibility of another increase b the reserve banks at next week’ meeting. This. of cours purely v of ~ulative p. Th likelihood of such action being taken in view of the increasing trade de- mands, has long been apprectated, but it was no more today than it time. was uddenly culative that be- 1 for Owens On m ottle ierate A and in is fr the de has been at any other (Copyright, 1923.) LIVERPOOL COTTON. LIVERPOOL, March 23.—Cotton— Spot quiet; prices steady; good mid- dling, 16.33; fully middling, 16.18; middling, 16.08; low midaling, 15.83 good ordinary, 15.33; ordinary, 15.03; sales, 1,000 bales, including 2,600 bales American; L000 bale: including 4.800 bales American. d, March, 15.71; May, 1 ; October, 14.16; Januar: receipts, PARIS MARKET ACTIVE. PARIS, March 23.—Trading was active on the bourse today; 3 per nt rentes, 57 francs 60 centime: lange on London, 71 francs 65 ntimes; 5 per cent loan, 74 francs centimes. The dollar was quoted 15 francs 25 centime: WATCH RAIL REPORTS. NEW YORK, March 23—Operating officials of the eastern carriers are following with a good deal of atten- tion the weckly statements of the railroads regarding the loading of revenue freight. The general belief is that the present record levels are likely to continue. Whether or not there will be corresponding records when the normal peak movement arrives in October is a question which can only be answered next fall. There are some officials, however, who are of the opinion that the peak will not be quite as well defined as last year, since reports indicate that the fall crops will not be unusually large. GROCERY FIRM FAILS. CLEVELAND, Ohio, March 23.— Oscar J. Horn, a Cleveland attorney, has been named receiver for the Con- tinental Grocery Stores, Inc., which operates a chain of retail groceries in Ohio and Pennsylvania, and allied companies by Common Pleas Judge Alvin J. Pearson. A voluntary peti- tion_asking for a receiver was filed by Louis N. Ridenour, president of the concerns, been concentrated upon a | eminent a consideration | FINANCIAL.' Adv Rumley.... Adv Rumley pf. Afr Reduction. Ajax Rubber. Alaska Gold. Alaska Juneau Allled Chemical. Allis Chalmers. . Am AgrChem.. Am Bank Note. . Am'Beet Sugar. Am Bosch...... Am Brake Shoe. AmCan........ Am Car & Fdy.. Am Car & F pf.. Am Cotton OIl. AmCotton Cil pt. Am Drugglst. . Am Hide&Leath AmHide&Lea pr Amiles 7000000, AmIcepf...... Am Internat'l. Am La France. . Am Locomotive. Am Metals. .... Am Radiator. .. Am Roll Mill nf. Safe Razor. Ship & Com. Smelting.. . Smelting pf. Am Steel Fdy Am Sugar... {Am Sugarpr.. i Am Sumatra. | Am Tel & Cable. { Am Tel & Telex {Am Tobacco. . Am Tobaceo (B | Am Tobac pt (m) [ Am Water Wk |AmW Wk 6o nt JAm W Wk 75 p¢ | Am Woolen. Am Woolen pf. Am Writ Pr pt. | Am Zine & Lead {Am Zinc&Ld pf. | Anaconda...... { Ann Arhor pt { Asso Dry Good ! Associated Oil. . | Atchison....... [Atchison pf. {Atlun Bir & Atl. Open. 18% 50 69 14 % 19 76 497 83% 90 46% 54 9% 101% 183 119% 15% 29 6% 121 T1% 110% 87 12 135% 155% 15314 101%% 31 5% 9215 1073 111% 301x 17% | Atlan Cst Line.. 1 Atl Fruit etfs... Atlantic Guif Atlantic Ref.. { Atlas Tack. ... fAustin Nichols. | Auto Knitter... Baldwin Loco. Balto & Ohio. . | Balto & Ohio pf. {*Bank of Com | Rarnesdall (A). {Barnesdall (R). ! Batopilas Mining | Ravuk Rros. i Bayuk Bros pf 1 Beechnut Pack. | Beth Steel (R).. { Peth Stl 7% (n) | Beth Steel 87 pf Pooth Fisheries { Brit Empire Stl | Br Em St1 2d pf. ! Bkiyn Edison. { Rklyn Rap Tran ! Bklyn R Tr ctfs. { Bklyn Un Gas. . Brown Shoe. Burns Bros (A). Burns Bros (B). Butte Copper. Butterick. .. Caddo Of...... | California Pack { Calif Petrol.. . { Calif Petrol pf. yCallahan Zinc. . { Canad'n Pacific. { Case Plow Wk: Case Threshing. | Central Leather Central Leath p? Cerro de Pasco. Chandler Motor. Chesap & Ohio.. | Chi & Alton. Chi & East Il .. | Chi & East 111 pf | Chi Great West. Chi Great W pt. Chi Mil & St P.. ChiMil&StPpt. Chi & Northwn. {Chi Pheu Tool. ! Chi R I & Pacific |ChiR1 & P7%D? { Chile Copper. .. | Chino Copper. { Cluett Peabody. | Coca-Cola. ... { Cocoa-Cola pf. Colo Fuei....... !Colo & South 2d. | Columbia Gas. . | Columb'a Graph | Comp Tabulator { Cons Cigar. . i Consol Gas new. Cont Can pf.... Continental Mot Corn Products. . Cosden & Co. . { Cosden pf...... i Crucible Steel. . Cuban-Am Sug. {Cub Am Sug pf.. { Cub Cane Sugar. Cuba Cane S pf. Cuban Dom’ican. ! Davidson Chem. Del & Hudson... D Lack & Wstn. Detroit Edison. . Detroit United { Dome Mines. Dupont (EI). Eastman Kodak i Elec Stor Bat... 1k Horn Coal | Emerson-Brt p | Endicott-John. . ! Endicott-Jno pf. Erfe. Erielstpf.... Erie 2d pf FamousPlayers. Famous Play pf. | Fiftn AvBusw f. Fisher Body rts.. Fisher B of O pf. Fisk Rubber.... Fleishman. . | Freeport Texas. Gen Asphalt.. Gen Baking. ... Gen Clgar ... Gen Cigar deb. . Gen Eleciric. .o+ Gen Motors . Gen Motors pf. Gen Mot 6% deb. | Gen Mot 7% deb. Gimbel Bros pf. Gildden. .... Goldwin Corp... Goodricn. .. ... Goody'r pr pf wi. Granby Consol.. Gt Northern pf.. Great Nor Ore Gt West Su pf. Greene-Cananea Guantanamo Su. Gulf Mo & Nor... Guif St Steel.... Hartman Corp.. Hayes Wheel Hendee Mfg- Household Prod.. Houston Oil. { Hudson Motors. Hupp Motors. Hydraulic Steel. Ilinois Central. Ill Central pf. Indiahoma. Indian Refining. Inspiration. ... Interborough pf Interbor Rap Tr. InAgaChemical In Ag Chem pf.. int Cement. InCombustion E Int M Marine pf. IntNickel. Antl Paper.. lutertype Corp.. Invincible Oil. .. Iron Product Interboro Met. Jewel Tea..ovew- 22% High. Low. 18% 184 50 50 69 68 14 13% ko) W 1% 1% 764 T5% 49% 49 33% 33 %0 90 461 44u 54 50% 9% T9% 10116, 99% 1 183 182 119% 119% 15% 15% 29 28% 6 6% 121 12% R oy 110% 107% 87 87 31% 29 12% 124 136 133% 33 10074 100% 7912 107 56 56 122% 122¥ 165% 15415 1534 1528 1015 10154 31 31 57% 921 92w 1074 10 1115 111% 300 B0 17% 56 50% 448 " 83 12315 123% 1035 103% 891 120% 801 107 a3 1413 139% 309 309 35 21t 114% 119 117 611 614 144% 142 39 38 10% 194 74 f11 102% 105 105 101 10% 1491 148 3y 10 37% 19% 901, 10 38% 78 48 3 36% 62 2915 111% 109% 2 2w 801 €6, 13% 47 10% 97 132% 130 60% 58 107 107 B2 Sali 34% 334 100 100 1% 17% 61 594 1 10% 35% 34% 17 M1 126% 126 107% 107 76 76 43%- 42% 118 116% 1117 111% 665 64% 16 16 29y 29% Tl 5 115 115 12! 13 20% 199 134 13 883 8% 97 97 9 9% 18% 18% 987 98% 14% 14% 39% 38% 19% 187 501 48 83 83 91% 904 109 108% 18413 14% 847 849% 99 99% 11 61 38% 9654 31% T T6% 36% Bd% 107, 106% 3% 314 11 10% 19 101% 90% 40% 20% 38 69% 30% 28 4% 115% 115% 17 117 1% 16% 6 6% 4% 40% %% 21% 21 9% 9% 36 36 a2% 41% 25% 24% 43% 41% 15 15 54% 544 38% 38% 18% 17% 55% b4% % % 100 99% 11 6% 40 96% 33 23% - 22%- 22% Ciose. 18'% 50 68% 13% % 1% 5% 49 33 90 44% 52% T9% 00 182 119% 15% 29 % | Reynolds Spring 65 THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. 1% 60% 23% 1% 42% 104 59% 41% 10% 150% 195% Open. High. 1% 79 607 60% 28% 23% 1% 1% 42y 42% 104 104 61% 61% 42% 42% 10% 11 150% 150% 197 202 82% 824 81 814 671 6% 115 115 2% 72% 20% 20% 815 8y 167 167 58 58 85 69% 37 36% 69 Jewel Tea pf. . Jones Tea...... Kansas City Sou Kansas & Gulf. . Kayser (Julius). Kayser (J) pf Kelly-Spr Tire. Kennecott. .. Keystone Tire. . Kress (SH).... Kresge (SS)... L1 & Wnetfs. . Lee T & Rubber. Lehigh Valley. . Lig & Myers pf. Lima Locomo Loews Inc, .. LoftInc........ Lorillard (P)... Loose-Wiles. ... Mack Trucks. ... Macy Co....... Magma Copper. Mallison & Co. . Manat] Sugar. Manhat El Sup. Man Elev scrig, . Market St Ry 2d Market St prior. { Marland Of).... Marlin-Rockw!. Martin-Parry. . Mathison Alkill. Maxwell (A)... Maxwell (B). .. v Dept Stores McIntyre Porcu. Mexican Pete Mex Seahoard. Mex Sbd ctfs.... Miami Copper.. Middle St Ofl. .. Midvale Steel { Minn & St L (n). Mo K& Twl... Mo. K & T pf wi. Mo Pacific. ..... Mo Pacific pf. .. Montana Power. Montgom'y W'rd Moon Motors. .. Mother Lode. ville& Chat 1 Biscuit w . 1Conuit. .. atl Fna Copper. N Or Tex & Mex. N Y Air Brake.. Y Central. ... NY NH & Hartfd. Norfolk & West orth American orth Amer pf. orth Pacifi Ohio Fuel Sup Oklahoma Prod. Orpheum Circuit Otis Elevator Ctis Steel..... Otis Steel pf. ... Owens Bottle. .. Pacific Develop. Pacific Gas & El Pacific Mail Facific Ofl. Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Penn Seabd Stl. Pennsylvania. People's Gas. Pere Marquette. Philadelphia Co Phullips Jones pf Philip Morris. ... Phillips Pete. Phoenix Hos Prerce-Arrow Pierce-Arrow pri Plerce Oil...... FPierce Oil pf Pitts Coal. .. Pitts & W Va Porto Rico Tob. Postum Cor pf sed Stl Car. ed St C pf. Froducers& Ref Pub Servof NJ. | Pub Serv pr.... Pullman Co. .. Punta Alegre Pure Oil...... | Pure Oil 8% pf.. Raiiwav Stl Spr | Ry St1 Spr pf. | Rand Mines. ... | kay Con Copper Keading. Replogle Steel. Rep Ir & Steel. . T 101% 105 2 129 6414 29% 971y 120 118 120% 118 30% 16 7813 28 611; 223, 6074 51 21% 26 | Rey Tobac (B).. | Royal Dutch.... St Joseph L St L & San Sran. St L Southwn avage Arms. .. eaboard Air L. Seaboard A L pf Sears Roebuck. . Sears Koebk pf. Seneca Copper Shattack-Ariz. Shell Tr & Tran. Shell Union... Shell Union pf. Sunms Petrol Simmons. . Simmons pf.. Sinclair Oil. Sinclair pf. Skelly Oli. . Skelly Ol (new). Sloss-Sheftield. . So Porto Sugar. South Pacific Southern Rwy. | Southern Ry pf. Spicer Mfg Co.. St Oil of Calif. St Ol of Calif rts |StOilof NI w i |StO1lof NJ pt.. | Steel & Tube pt. Sterling Prod. Stew't-Warner. Stromberg Carb StudebakKer...... Submarine Boat Superior Oll. .. Superior Steel. SweetsCoof Am. Tenn Copper.... Texas Company. Tex Gf Sulphur. Texas & Pacific. Tex & P C&O1l Tide Water Oil. . Timken Bearing Tobacco Frod. Tobacco Prod A. Tobacco Prod pf. 109% Trans Contl Oil. 12% Union Bag & P.. 75 Union Pacific... 141% Union Pacific pf. 74% Union Tank Car 98 Un Alloy Stee 38 United Drug.... 81 United Fruit.... 179 United Ry Inv. 17% Utd Ry Inv pf... 52% Unit Retail Strs. 80 U SCast Ir Pipe. 82% US CastIrPpf. 70 USFood Prod.. 5% U S HoffmanMecl 18% U SIndus Alco.. Tl% U S Realty. 100% U S Realty pf... 106% {USRubber..... 64% |US Smelt & Ref 40 U S Steel. 108 U S Steel pf. 119 Utah Copper. T4% UtahSecurities. 21% Vanadium Corp. 43 Van Raalte... 53 Va-Cr Chemical. 22% Va-C Chem (B). 15% Va-CarChempf. 65% ValIrCoal & C 63 Vivadou. 22% Wabash. 1% Wabash pf (A). 33% Waldorf System. 4233 Web & Heilbrn. 14% | Wells-Far Exp. 49 | Western Md. 135 Western Md 2d. 264 Western Pac pf. 60 West Air Brke. . 118% Westhse E1 & M. 64% Wheellng & LE 9% 9% 9% White Eagle Oll 20% 29% 28% White Motor...y b67% b67% 56% T4% 98 38 81% 179 17% 52% 81 3215 70 5% 18% 1% 101% 106% 64% 40 108% 119% T4% 21% 43 53% 22% 15% 65% 63 22% 11% 33% 42 14% 49 13% 26" 60 1187 64% 374 80%a 178% 16% 50% 9% 8215 70 5% 1815 69% 9915 106% 62% 40 106% 19 2% 20% 417 53 22% zflt 4 63 21% 11 33 421 14% 49 12% 25 60 118% 63% For Revised Close of Stock Market see 5:20 Edition of The Evening Star. Close. 79 60% 28% 1% 42y 104 60 42 10% 150% 202 32% 31 67% 115 it 20 8% 167 2% | fering T | the ather (| eentered SEABOARD BONDS ' INGOOD DEMAND Liberties Again Dull—Great Interest in New Morgan $10,000,000 Offering. “BY GEORGE T. HUGHES, Special Dispateh to The Star, NEW YORK, March 23.—No change in the trend which has characterized the bond market for the past few weeks could be discerned toda High-grade securities, including lib- erties, continued dull and heavy, and | high speculative bonds, such as those of Seaboard, were in demand at ris- ing pric G t was taken P. Morgan | $10,000, New ' York. i-llld Wesgern 41, E e to yield 14.70 per cent. The auality is un- questionable, the bond being classed Vith the very best of rallroad obli- ations, but the return was consider. ed low in view of the recent course of the market. The only xplanation i 18 that the bankers { bond pric will fin which opinion in the of- & Co. of Lackawanna not go much lower. they are in apparent agreement with the Secretary of the Treasury. The_vield on this Lacks ' wianna hond is jower than that afford- | ed on any railroad issue offered {last 1™ honds nd such Quincy in re- high-grade Burlington rthern PPacifl wtionally today. North- he issue made a new low. On hand Atchison general 4s mall advan tive activity for the rise in Marland Oil, Tlas and s | with warrants, both of which made a jnew high in response to the activity Lin the stock. Seaboard Air L A {justments had « sharp run up to a new high for the year, although no interest is being paid prosent Losses were sustained by and Electr Virginia Chemical Tlxs warrants, Al lern Pae scored a Specu Carolina with Wilson Punta i Sug; 4 list Czechoslovak $s equaled their recent high, while fFrench 8s and Thzs held fairly well, notwithstanding the reaction in franc exchange. Department of the Seine 7%, however lost ground —_—— WOOL PRICES PICK UP. Much More Optimistic Tone Noted in Market. & Co. 7T%s and Eastern Cub In the foreizn 23— The Con £ Boston tomorrow will wool market a much ptimistic’ frame of mind and point in the market appears been passed ufacturers more or of. cases and interest in 4 wide number of The advance in wages by the Lican "Woolen Company has strengthen "t upon the market, and the f markets, hoth pri- mary and s have all shown a rising L {with prices practically Januzry lovel. In the been some buyin 43 to 4415, while niome . in_Califor There s“anywhere he more the low to have are buy a numb; is in 1t &n back on west the southern 1 Arizona or less buying nia on about th ure no signs of in the west today BIG NOSE FOR SUCCESS. Nasal Size Is Proportionate to | Brain Power, Professor Says. [ From the-San FranciscosChroniele | All that is necessary tc |the brain power of an jexamine the size of according to the findings of timid University of California pro- fe. . W give out his {name for publication, but who admits that he is an authority on the sub- {ject in question This, prof or's says, has been on historic inent men and not college Ibecause no college stud {said to have achieved suc lgreat work. ! “Through personal investigatic says the learned professor, “1 have jarrived the conclusion that t nan or woman possessing the largest <e will win success in the world - only to look into history Lincoln, Napoleon yme of the world's re favored with ab- 3 nasal orgar This and other facts have led me to be- lieve that the man with the promi- nent: proboscis is the man who will [go through things to the finish. T am not mentioning men on the campus, but if you will examine conditions as 1 have I think you will agree with me.” Calls Timed by Chair Code. From the New York Sun. One executive has found discourage undesired callers, of the type who immediately drop into a chair beside a busy man's desk and remain planted there, talking and in- terrupting his work. “In my private office determine ate is to s or her ne a rather declines to investization, he 1y promi- Students, can be in any it s . W large a way to there is no i | chair save the one that I occupy.” he explained. “If a caller drops in for who! I have but little ne he is al- lowed to remain standing, and pretty son finds that he has an engagement elsewhere. On the other hand. if a welcome caller arrives it is a simple matter for me to ring for the office boy and direct him ‘to bring a chair for Whoozi he boy knows the code, and if T say instead, ‘Mr. Whoozis wants a chair’ he Knows that within three minutes he is to announce that So and So, who has an appointment, is outside and waiting.? Keeping Pace With Time. From the Portland Oregonian. . If we are to judge by the perform- ance of an airplane at Panama in theoreticlly wrecking a battleship, the ratio of naval strength in the future will be decided by the number and quality of aircraft and of their crew, and battleships will serve p: cipally as targets. If capital ships should thus become obsolete, the lim- itation of aircraft carriers would at- tain chief importance. There may be trouble in making arms treaties keep up with invention, and a permanent world commission may be the only means of preserving an actually de- fensive ratio of armament among na- tions. —_— TREASURY CERTIFICAT! (Quotations furnisked by Redmond & Co.) ~——NooD.——— Bid. Offer. 991116 99 29-32 901116 99 1316 99% 99 13-18 1013-18 101716 . 101 1011, 99 15-16 1001 w90k 987y 90 o ; Rate—Maturity I%s June 15, 1923 . 3%s September 15, 1923... 4s December 15, 1923 5%s June 15, 1024 5138 September 4%s Maren 15, 2 43 June 15, 428 December 13, 102 43,8 March I’:' ;P"Ui o114 'l;;: 4% Teormmber L 1927, ... 99l 00! 4iis December 4 4 12% 123 39 39 % T 52% 52% 32 32 213% 215 39% 891 87 37 9% 9% 9% 97, High. Low. Las Call Money..... 6 b% 6 HOURLY SALES OF STOCKS. . 306400 12m. - 546 800 1040 600 4% 4% 12% 12% 39 39 ™ % 521 52% 32 32 214 215 White Oil.. Wickwire. .. Wilson Co Wisconsin Cent. Woolworth. Worthington Wright Aero. re confident that { | I French Govt 8s. .. . Pacific Gas | | Paris-Ly' STAR, WASHINGTON, D. €., FRIDAY, MARCH 23, 1923. [ sew orx BONDS e scan] (Fracti Exa Lib 33, Lib 1st Lib 24 Lib 3a US4y Belgiu Belgiu Belgiu Brazil Brazil | Brazil Chile 8. Chile 8, Chile 8: Chines Christ}: Copenh Cuba ; Czeche iDenma | Denmurk 6s. .. i Dutch | Dutch Frame Lib 4th 4%s. . 353 Victory 4%s Argentine 7s Bern 8s. Bolivia 8s. Bordeanx 6s. Canada s 1926 Canada 5%s 1929. . Canada 55 1931.... Canada 53 1952. . wY Received (Sales are in $1,000.) UNITED STATES BONDS. ons mple: csent thirty - seconds. means 101 1-32.) High. Low. Close. 101-2 101- 101-2 97-21 97-17 97-17 97-16 97-11 97-11 98-9 98-7 987 97-23 97-20 97-20 10 100-1 100-1 100-1 397 99 98-30 98-30 FOREIGN. Bules. High. 1024 100 945 99 c 1123 .o 92 5 TT% 824 95% 104 100 100% 10015 98w 103% 1017 104 49% 1126 o1l 9% 90 109% rep: 101-1 Sales. s 269 4%s.. T8 4%s... 430 4%s... 111 51952 Close. 102% 99% 94% 99 112% 9% % 82% 95% 104 100 1004 100 98 103'% 101% 104 49 112% 91 9% 90 Low. 102 99% 94% 9874 112% 911y 7 82% 95% 104 100 100" 100% 9814 103% 101+ 103 481 12 m 71 m 6s. m 8s. s.. 8s.. T%s 91945, ... S 1926, ., S 1941.... e Gov Ry 5s. anfa 8s..... hagen 5 s wi. lovakia 8s. rk8s....... East 16547 East T 65 '62 rican 1D 7l | French Govt 71;s. Halti 6s ctfs Hollan Japane | Jergen Lyona | Marsei Mexi i Norwa Norwa i | | Rio de Sao Pa Sao Pa Soisson Sw S Tokio o AmSm Anacon, Anacon Armou Atlant Bell Te Bell Te Japanese 4s. Mexico Mexico 5s large. Ud King'm 538 ‘29 Ud King'm 5145 " Uruguay 5 d-Am's £ 6s. se 1st 4%s. UM 6847, les 6s. 01000 4s. { Montevideo 7e. . | Netherlands 6s. v 8 s otfs, ... ted Praguo 7%s .. Queensland 7s. | Queensiand 6s. Jan 85 1946, ulo, City, 8s. ulo.State, 8s Seine. Dept of, 7s. . Serbs CrotsSiov 8s. s 6. “onfedsf8s. 3715 eIt& R 15t 58 Am Sugar Ref 6s AmMT& Tev bs.... AmT& Tl tr5s.. AmT& Tcltris da cv db Ts. da 1st 6s r& Co414s fe Refin 5e.. le Passrots 3 le PaTs Beth'm Stlpm 5s. Peth'm Stl s f6s... Brier F Bklyn E | Bkly Centra TSt1st5is Zdison 7s D. gen 5s.. 1 Leather fs Cerro de Pasco §s Chile Copper 6s Chile Conper 7s Con Co; Cub Ca Det Ed Fisk R Gen El Goodye FHumbl Indian Int Me Julius Ligget Lorilla Marl Marl M an, lan Midval i iNat Tu | New E: [N Y Tel Y Te N Otis St Pacific Plerce- Public Punta Sinclai: ! So Por Toledo Union Unit D: USRul va ‘Wirch’ (Quot Aluminn | America Ame Americ Ana Anglo-A Armour Rell Te Cannd Canadl Central Du Pon Humble Kansas Kenneco Libb M., St. nna. Tidewa! street casing structi quiet. hama, Gen Refract’ Goodr'h (BF) § Goodyear Tr § Int Paper 1s! Int Paper 1st 5s B. Sin Crude Oil 5% Sin Pipe Line 5s American Tel. Anaconda Copper s 1 mdnCopper 7s_16 codyear T reat Northern 7s 1036...0.000 Hocking Vailey 65 1924 1 . MeNeil & Libby Union Tank Car Western Union 8ls 1936, Westinghouse E. & M. 7s 1931 and there mained absolutely unchanged with_price obtained all CinG & E5'gs" al Md ist 55 neSocvadSss. ison ref fs. . Du Pontde N T14s. Duquesne Lt 7% Duquesne Light 6s E Cuba Sug 7% Empire F&G 712 ubber Ss. .. ec deb 5s 6s. ear Tr S5 '31. A e O&R 1 Steel 5s. .. r Marine 6s. AL Kayser 7s. . Kelly-Sp'gficld 8 {Lackaw'a S 55 '50 t&Myers 53 rd (P Manati Sug sf Tits nd Oil T1as. d O Tlasw d 0il 8s w [ 102 a0 Mexican Petrol §: e Steel 5s... Montana Power 5s. Morris&Colstd4s be 1st 5s... ng Tel 5s. | NY Edison 1st 6%s {NYGELH&PSss. 1 6s '41. 14%s Am Edison 6s. tates Pow 5s... Northwst B Tel 7s. ecl8s....... Gas & Fl5s PacT & T 5552 Phila Co ref 6s Arrow 8s w i Producers & Rf 8s. Service 5s. . Alegre Ts... rOil 7s. Rico Sug 7s St Oil of Calif 7s... Steel & Tube 7s. Tide Wat Oil 63%s. Tobacco Prod sf 7s Ed'n Ist s. Bag & P 6s.. rug cv §s b 1st rf 53. USSteelsf5s.. Utah Pow & Lt 5s. Va-Car Chem 7s. .. “ar Chm 735 W. Warner Sugar 7s. . | Wilson & Co 1st 65 Wilson&C cv 7%s. Wilson & Co cv 6s. 'tr Ams 73%s 5 103 102y —_— SHORT-TERM SECURITIES, ations furnished by Redmond & Co.) am Co. of Amer. 7 n Cotton Oil ds an Sugar 6x 19 an Tel. & Tel. & Tel. merican Oil & Co. 78 19 1. of Bethlehem Steel Ts 1 Leather C. & S 5% 1023, 3 T T R8s 03100 5103 « ott Copper. 1931 P. & 8. 8. M. 6las 1931 orris & Co. T4s 1930... R. 78 1030.... . Paul Union Depot 5s i Sears. Roebuck & Co. 75 1023.... 1 Standard O of Calif. 7s 1031.. x Ol 85 101, s 1930, _— DRY GOODS PRICES SHADED. NEW YORK, March 22 Demand continued (Special).— Mght in Worth market for cotton cloths today slight fractional some few con- silk market re- here levels ‘the same as have week. Trading_ was There was a holiday at Yoko- was a of prices in ons. The raw | Chi Rys 6s. by Private Wire Direct to The Star Office, For Revised Close of Bond Market see 5:30 Edition of The Evening Star, RAILROADS. ‘Bales. High, Atchison gen 4s... 15 85! Atchison adj 4s... 3 Atlantic CL1st4s. 2 AtlanticCL 4%s.. 1 B&Opfin3is... B& O gold 4s.... B&OG6s.......... B&Ocviys. B&Oref5s.... B&O PLE&WYV 4s. B& OSW div 3%s. B & O Toledo 4s. .. BKlyn R T 4s 2002. Bklyn R T 5s... Bklyn R T 55 ctfs. Bklyn R T 7s '21 BKIRT 7s '21 ctfs. Bkl RT 7°21 ct sta. Canadian North 7s. Canad North 61s Canad Pac deb {s. Central Pacific 4s. . Ches & Ohio cv 53.. 85 7674 83 82% 94% 5% 99% 80 81% 73% 93% 62% 64 % Ches & O gn 41s.. ch Chi B&Q gn 4s'58. Chi B&Q Tst rf 5s.. Chi & ET1 gn 5s. . Chi Great West 4s. C M & Puget Sd 4s. 8 62 ChIM&S P rf 41, 610 Chi M&St P ev 5s. . 68Y Chi M&St P 45 '25 831 673 79% 106 1067 Bl 77 114Y 100% 91 101" W 618 Chi & N'W 7s. ChiRI& Pacrfds ChilUn Sta 6%s... Chi & W Ind cn is. CCC&StLTf6s A.. CCC & St L 4135 Cleve Term 5% Colo & Sou 41, CubaRR5s.... Del & Hudson 5%s Den&Rio G con is. D& R G 1strf 5s.. Det United 414 Frie 15t con 4s. Erie con ext 7s Erfe gen 4s. .. Erie conv 45 A io conv 4s D Trunk sf de Grand Trunk 7s GrNorth gen 7s GrNorth gen 5%s. 3 Hud & Man ref 5s Hud & Man aj 5s. . Il Central ref 4s. . Ill Central 59 Int Rap Tran Int R Transit 7s. . Int & G Nor aj 6s. . Kan City Ft S 4s.. ty Sou 5. . n City Term 4s ke Shore 4528, Lake Shore 4 31 uis & N uni 4s Louis & Nash 7s Leuis & Nash 53 Manhat Ry cn 4s. . Market Sten 5s... Mil El Ry & L 5s.. M& StLrfex 5s.. M & St L1st rf 4s.. M StP & SSM 6 MK & T 1st 4s 1K MK M K & T adj 5s. Mo Pacific 6s. ..... cific gn 4s fontreal Tm 1st Nassau E Ry 4s 57 New Or Term 4s ¥ O Tex & M in 5s. N Y Centdeb 6s. .. N Y Cent deb 4s. NYCentriss.... New Haven c d 6s. New Haven 7s. \ Y State Ry 41is. ‘orfolk & W cn 4s rfolk & W cv 6s. Northern Pac 3s Northern Pac 4s. orth'n Pa Northern Pa Northern Ore & Calif 1st 5s. . O Short L en 5546, Oro Short L ref 4s. Ore-Wash 1st rf 4s Pennsvl gen 5s. ... Pennsyl gen 4155, . Pennsyl 615 Pennsyl gold 7 Pere Marq 1st 5s. . Pere Mrq 1st 45 ‘56 Reading gon 4s.... Rio Grand W cl 4s. RIATk & L4ls.. StLIM&S4s°29. FplisA. S F prIn 5s. = inc 6s. .. b'd A Liref 4s.. b'd A L adj 5s. Seab'd A L con 6s.. 3 Sou Pucific cv 4s. Sou Pacific ref 4; u Pacific 81t 4s Southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 6%s, Third Ave ref 48. Third Ave adj 5s. . Union Pac Ist 4s... Union Pac cv 4s.... Union Pac cv 6s. .. Virginia Ry 1st 5s. Va Ry & P 1st 5s.. Wabash 1st 55 Western Md 4s. Western Pacific 5s. West Shore 1st 4s. Wheel & L £ cn 4s. 14 16 4 18 4 8 33 3 10 78 58 Par Value): 12 noon 5386 000 2p.m.. 8552000 1pm. 7179000 Keeping Typhus Out. From Current Histors Magazine. Typhus fever is a world-wide prob- lem Disease knows no boundari and started on a career of dev- astation, can be checked only by tre mendous expenditures of energ money and lives. The United States is now epending millions in Kuropean relief through such agencies as the American relief committee, the Amer- i n Red Cross and the American Friends' erviee committee, as well as through the government. Perhaps one of the sanest suggestions is that no relief should be extended. excey to those who are physically clean. slogan of b food to the filt) ould do much to awaken a true ary consciousness. Whatever be the attitude of this country respeet to participation in inter- affairs, it cannot ever ack on the greatest of all di ters of war or peace—the continuing disaster of diseas Riveting Machines Inventor. From Popular Mechanics Magazine. While George Stephenson the locomotive, William invented riveting machines, developed into one of the greatest engineers of his age, among his many creations having been the tubu- lar bridge across the Menai straits. He was one of the founders of the British institution; received a baro- netcy in 1869, and died at the age of invented Fairbairn ete., and ! ninety in 1874, leaving as heir to his immense fortune Sir followed him to the and who honors Thoma: grave in 1891 He had several children of whom the present baronet is one and who has been fortunate enough to escape the infirmity of his sister, Miss Con- stance Fairbairn, who is deaf and dumb, and of his elder brother, the late Sir Arthur Fairbairn, the third baronet, who was similarly afflicted. vet, with all that, one of the most sunny-tempered, popular and useful men in English public life. - Other Way Around. From the London Mail. Darch—I thought she was marrying an heir in a castle? Phayre—So did she until she found it was a castle in the aire Low. Close. { 218 s | territory. FINANCIAL.’ DAYLIGHT SAVING i l Grain, Produce and Live Stock . WHOLESALE MARKET. “Edge off” was reported of the con- dition of the meat market this morn- ing. Early in the week the cold weather made the market snappy, storms in the west preventing the free move- ment of meats and prices were up. Warm weather has resulted in cut- ting loose the receipts, and lower prices prevall. North Carolina Is sending lettuce to the iocal market, while from the vi- cinity of Norfolk, Va., dealers are re- ceiving shipments of kale and let- tuce. 'Norfolk shipments are large and prices are considered reasonable. Eggs—itrictly fresh, selected, can- dled, per dozen, 25; average recelpts, 24; southern, 23. Live poukry—Roosters, per lb., 18; turkeys, per ., 30a40; spring chickens, per b, :'keats, young, each, 60; fowls, éach, 30 d poultry—Fresh-killed spring ns, per Ib., 45a50; hens, per lb. ald; roosters, per lb., 19a20; turk per 1b., 35440; keats, young, each, 70a80. stock—Calves, choice, per ; medium, per 1b., 10a12; thin, per Lambs, cholce, per 1b., 13. 'Live : live hogs, per 1b., 9. fruits—Apples, ter bbl., 2.00a California orang:'s, ler crate, 5.50 Florida, 4.0045.00. ‘emons, per 4.50a5 Grapefruit, - 3.50a4.25. 4.00a5.50. : W1, No. 1, sack, 2.50a2.65; Xo. 2, 50a Sweet potatoes, North Tarolina, 00; nearby, 2.00a2.50. Letuce, per “outhe 0a2.00; Romane " let- per ¢ 130a2.00; Icebikg let- 3.7544.00. CAbage. 3.0044.00 per 100 poundsinear- 2.50; soutiern, tuce, 2.5045.00. Tomatoes, per 1.5044.00. Beans, 2.004.0 Peas, 3.00a5.00 per basket. Florida, 2.5043.50. 0X, per - le Eggplants, per | r barrel, 2.50a2.T inach, per I Celery crate, Flori Bruss sprouts, 2 DAIRY BALTIMORE, al).—Live poultr, old toms, 30; poo young chicken S and leghorns, 2. 1 and leghorn ducks. PRODUCTS. Md., March 23 (Spe- and crooked 4 ; old 28: 28u3: nd poor, 24a23 4 fowl, ea poultr toms and pons, poor and voung chicken 40a32; duc small slips, s off tive an, 24153 southern 2 Cres o 38ads ey dozin Butter- rints, ladles pack bu nearby 2a fancy, pound, : “nearby creamery, 40442, rolls, 39; dairy prints, 38u40; Satd CHICAGO LIVE STOCK MARKE HICAGO, March (United States partment of A uiture) —Hogs Ceipts, 34,000 head; fairly active: 10 15 higher; bulk le 150 to pound averag bulk to 00 pound butcher: 8104830, packing mostly, T 7.60; desirable pigs, mostly 7.5028 | Heavy hogs. 8.00a8.25; medium. light, 8.30a8.50; light 5: packing bulk { she stock and bulls. about steady; desirable light rs weak in _spots; veal unevenly and sharply’ lower ear Thursday; stockers < more active on country a several load. ate yesterda early tod 7.75a8.20; e lot s on’ Mineral Point, Wis., han Sheep—Receipts, 9.000 head; ling very slow; few early sules steady to weak: five loads_ 84 to 87 Ibs { Colorado 'fed lambs, 15.00 to packer: held higher; one load 7i-lb. pped lamb 00; sheep very ree: mo e run include buut 1.800 head, direct to packers. open- s sa TODAY'S CHICAGO HICAGO, March a little lower PRICES, ~Wheat aver- n price today, 0g the early dealings buvers ap- | pearing rather less and Liverpool auotations : downward. On the other hand, there was no decided |pressure to seil. Indicatic | weather in the dome dur tic winter wheat however, * tended to ntage to the bearish et. Opening prices, which unchanged figures May 1.21% to 1.22 and July 116% to 1.16%, were followed ¥ a slight rally, and then by adown- | ail around to well below yvester- jday’s finish { Corn and eats weakened with wheat lAfter opening 4 off to shade ad- vance, May, 7435, the corn market hardened a trifle and then underwent a moderate general sag. Oats stagted unchanged to % lower, May 43%, and after a bit of rally showed a slight loss for all deli eries Provisions lacked support, an upturn in hog values. THINK GODS LIVE IN TREES. {some aav. of the ma varied from tlower, with 2 From the Kansas City Star. The Manobos. In_ Mindanao, P. I. believe their gods live in trees, be- {cause they themselves ara largely {tree dwellers. The molave tree is held sacred in Mindanao, and if one |were to dare to put an ax to one ot the trees he would invite the hos- tility of the natives. In the jungle all trees are constantly fighting for sunshine and life. The savages. who are very low in the scale of civiliza tion and superstitious, think their gods inhabit such trees, The Manobos are a wild Malay people. Like the Igorrotes of Luzon land the Dykes of Borneo, as well as the hill dwellers of Formosa (the apanese possession), they are head hunters—they believe in a “head for a head,” and never allow an insult to their gods to go unrevenged. New Money in Iceland. om the New York Times. Iceland has her own coins, the first to be minted by that arctic state. The coin, the size of the Danish coin of the same denomination, bear- ing the _inscription on its back, “Island 25 Aurar,” and is valued at normal exchange at 6.7 cents. Although Iceland is a member of the Scandinavian Coinage Union, this coin is not legal tender in Scandi navia. Up to the present only Danish coins have circulated in Iceland, while the Central Bank of Iceland had the right to issue legal tender on the island only. With the recent separation from Denmark, by which the Isiand has hecome independent (except for the fact that the King of Denmark con- tinues to be king of Iceland), the {island has entered upon a new era, with its own coinage and note issues. { 25-0re Fishing Through Ice. From the New York Sun. You might imagine that you would have to take a trip to the Arctic and o fishing with the Eskimos in order to have the fun of cutting holes in the ice and spearing eels. But no; the New Yorker can go through that frigid and stimulating performance in his own suburbs. A trip to Jamaica bay in the vicin- of Rockaway Beach will land the adventurer on the shore of an ley stretch of sea water where the na tives constantly exercise the Eskimo tics of fish spearing. Like the Es- kimo, the Long Island fisherman chops a hole through the ice with a hatchet. Then, standing over it, he s his long eel spear with its nu- merous sharp prongs and plunges it down vertically to the muddy bottom. When he'.pulls out the weapon its prongs are liable to be decorated with from one to three wriggling eels, v \ Turkeys, pound, ton. | L mated will beef | and | 1s of moist Eive side to 1 | despite notes which were a BEGINS AGAIN SOON Washington Unlikely to Be Among Cities Adopting Plan This Year. BY J. C. ROYLE. Speclal Dispatch to The Star. NEW YORK, March 23.—The ol4 controversy about the adoption o daylight saving time during the spring and summer months again i In full swing. In the many instance: the larger cities and industrial cen ters favor setting the clocks back ar hour, while the agricultural con munities advocate v st of standard time fioniveraslin Yew York city will ado vlight saving time April 29, and it win o into effect in Chicago on the sar date under a city ordinance passed three years ago. ~ Some agitation being made fn the latter city, how ever, to repeal this ordinance or ci tail the period of daylight saving, some action may be taken in Apr _Cincinnati will be among the fire citles to put this measure into effec| this year, going under the new sche ule April 19. “Milwaukee will follow on 23 unless the plan is repcaled - the April elections there, in which may become an issue. Pacific Citles Will Not Chang. Portland, Seattle and San Franc with & margin of time over the other sections of the country because di their geographical location, will not have daylight-saving time this year Columbus, Ohio, will start to save daylight April 1. Washington is nof likely to adopt the early schedule this on. The clocks were noj changed last season, but the hours of many of the government emploves Wwere advanced. This proved unsati-. actory to most of the merchants ar he employes alike ure is now before the Pe legislature which, it it a law, will deprive citfes | te right to adopt other than stand the. " This has been vigorously Paed by business men and industr leders” of Philadelphia, Pittshurg Seanton and other cities which 1 OFtnances providing fo . schduyle : Hacie Artificial Silks Active, A8\ result of the high prices |Shoret for Japanese and Ch 1k {the asificial silk trade is having th best Sason in its history. With the natura product selling above $4 {Many sills are using fiber silk iy conjundion with that produced by WOTmS, vhile others are manufactnr | Ing clots entircly composed of cely {1ose. Delers declured today that the steadines of the price of the artifi silks was-esponsible rather than {high pricc of ‘the natural produc which 18 ~utely sensitive to cond tions bothyere ‘and in the orie The Japaese output for tie firs six monthSof this year, it ix est 5t exceed 126,000 pound | Whereas cotumption in’ the 1a14) part of 1922 nd the first part of thi: year has bea at the rate of 34,00 pounds a moih" A shortage of su plies. silk me_ stated, was depender i on the extenito which high pric: | would curtail anufacture and on the {extent to whic artificial silk wou replace the nagral staple. | General Woon Wage Advance. | The action of ye American Wools Company in raing wages 121 {eent has been Wisly followed, as wi [predicted in theseolumns, Six Rhod |Island woolen mis have announced a similar increase nd mills in Mauine Massachusetts ancConnecticut have done likewise 2 Vigorous denials sntinued to coms from beet producer and beet sugar manufacturers in Utah, = Idahe Wyoming and Oorado against charges that they B been concern. ed in any way in nnipulating the sugar markets. TODAY’S COTTW PRICES.' now the Continued Nervoussss Showr Partly Due to ‘eather. W YORK. March | —The cot ton market showed comnued nerv. dusness and irregularity during to day’s early trading. The sening wu- steady at a decline of 4 5 10 pol on old cron positions, whi wi | luenced by relatively steq while the new crop wasinehanges to 1 point lower on rathr an un favorable weather map. Futures {opened steady May 130.52; July De | cember, 2 i NEW ORLEANS, March Better ! weather conditions over theselt and a poor Liverpool encourage selling in the cotton market today and i the first half hour of thesessio prices fell 20 to point: This carried May off to 29.65 T 65, Liquidation of lox cony < again appeared, and th mar! ket did not appear to attrat ths trade support which it had bey get- ting. Futu ned steadv—arch, 75; Jul H -mber, ORLEANS, March 23 asked; Jul October, December, steady. EW YORK, March bids: March, 30, October, 26.16 Dey New York Exgg Prices. YORK., March 23 —Egs - Steadier: receipts, 42,487 © fresh gathered extra fir*z'.\ 2 2913 do., firs ; New er hennery whites, Iy canied 41; do.. uncandled, 4044, nearby and nearby westes whit firsts to extras, 33 nd nearby hennery brows extras, 33ad4; Pacific coast whity extras, 37a38; Pacific _coast whity firsts to extras, 331zad5ly ) w xtras. state, henner: 40; state, PACKING PLANTS UNITE. FARGO, N. D., March 22 —Transte of the Equity Co-operative Pa‘king Company plant to the Fargo Packin gompany, & corporation organiz under the laws of Delaware, was 41k thorized at the meeting of quiny stockholders in this city. About S0t stockholders attended the meetin and the vote on the transfer st 9,904 for to 87 against the propos Most of the voting was done by mail The Equity Packing Company 26 stockholders. MARK'S GAINS EXPLAINED. BERLIN, March 23.—The increase of approximately 400,000,000 marks in the metal holding of the Reichsbank during the second week in March, a3 shown in the bank's last statement, iy explained as due to the transfer ti the bank of this amount in Ger- many’s new 200-mark aluminum coins The gold reserve is reported vir- tually unchanged, being still reck- oned” according to the legally pre- scribed manner at the pre-war value of 2,748 marks per kilogram of fine gold. DIVIDENDS. Pe- Pay- rlod. Rate. _able. >, §1.00 Jun. 15 Q50 Ave. 18 Q 1% Apr. 18 2 Mar. 30 Q 87%c. May 15 .. Q Apr. 10 pE . oo Apr 18 o Mar: 30 Q 2% Mar 31 Q e, Apr. 14 Q $1.00 Jun. 10 Q Sar. 31 1% Mar. 30 5 Mar. 30 Apr. 20 Apr. 1% Apr. 20 Apr. 15 Mar. 31 50c. Apr. 2 $L76 Apte 3 Company Am. Stores Co. Am. Rolling Mills, Con. Gas Co. eon OIl Co. pf. Tirook. Bor. Gas.... Tire, Tire & Rub. o Lt. Co.. . Int. Td. Co.. Refract. Co. cit. Fidel. Peo. Trust Co.. Transue & Wi