Evening Star Newspaper, March 28, 1923, Page 28

t L FINANCIAL.” NEW YORK STOCK EXCHANGE Recelved by Privete Wire Direct te The Star Office aqe pecs) WASHINGTON NEWS STARTSSTOCK RSE Sharp Advance Covers Wide Range as Market Throws Off Recent Heaviness. THE EVENING STAR, WASHINGTON, [HIGH GRADE BONDS gzfl 55" Cheerful Feeling in Stocks | Not Reflected in Trading in Bond Market. For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Open. High. 48 48 68% 69 18% 14 % % 1% 1% 4% 6% 110% 110% 48 48 81 81 64 44 50% 62 50% 107 107 981, 183 16% 28% [ 69 106% 33% . Clowe. Low. 1:80. 48 Adv Rumley pf. Alr Reduction. Ajax Rubber. . Alaska Gold. Alaska Juneau. . Allted Chemical. Allled Chem pt. Allls Chalmers Am AgrChem.. AmAgrChempt. Am Bosch. .. Am Brake Shoe. Am Brk Shoe pf. Am Can.. Mack Truoks.... 69 | Mack Trucks 1st. 14 |Macy Co.. % | Mallison & Co.. 1% | Magma Copper. 76 | Manati Sugar 110% | Manhat El Sup. 48 | Manhattan Shir! 80% | Manila Ei Corp. . 62 | Market StRy... 51% | Market St prior. 80% | Market St Ry 2d 107 | Marland Ofl. . 98% | Mathison ALkl 183 |Martin-Parry 14% | Maxwell (A). 28% | Maxwell (B)... 614 | May Dept Stores 697 | Met Edison pt. . 107 [Mex Seaboard 821 12 34% 65 183% 52% 84 8 17% 644 40 . 102 79% 106% 383 66 68% 62% 45 46 88% B9% 17 78 17 8 ggy_ BY GEORGE T. HUGHES. 40 545 58% 683 | Special Dispatch to The Stan 317% 82% NEW YORK, March 2§8.—The more fg:‘ fg;’: cheerful feeling apparent In stocks 74 2 74% | found no counterpart in today’s bond 97 97 market. 17% High-grade Investment securities 16% continued very heavy, with in some i cases new lows belng recorded. s United States government bonds were 14% an exception, Here there was a 41% slight rally from yesterday's extreme 16% weakness, but liquidation in first-grade 7o' |corporation securities went on un- 23 iabated, and investors, seeing the trend, 27% | stood aside waiting better prices. 125 | The result is that there are many 143 | case such as that of lllinois Steel 4074 | debenture 4135 which yield at to- &% | day’s price about 5.6 per cent. This 1 |bond is guaranteed principal and in- { terest unconditionally by the United 70% | States Stecl Corporation, which owns 1814 4 ¢ ok of the company. This 111 | not ured by mortgage,.the com- 163 | pany has no mortgage indebtedness, 16% cond-grade bonds moved irregu- 55 larly. In the foreign 1 about the only feature was an advance in Chinese 58 and a reaction in Czechoslovak 8s. AMOSKEAG LS INCREASE WAGES One of Largest Cotton Firms in World Grants Pay Ad- vance of 12 1-2 Per Cent. BY STUART P. W patch 1o The § NEW YORK. M. the | Am Car & F “avorable news from Washington |Am Cotton Oil. operations for the rise were resumed | AMCottonOlipt o5 the stock exchange today. At the | Ampr i FEIet. same time professionals on the short | Am Tee. o side, who had not taken in their con- { Am Internati, itracts Tuesday, were covering them. Am La France The advance, how, was extreme- [ AM Linaeed. 1y irregular. Am Linseed pf.. egul Am Locomotive. New York Central was actively | Am Metals old when the directors declared only | Am Radiator, .. the regular dividend at the rate of | Am Safe Itasor s per cent. The disuppointment felt | am gt o420 n this score, coming on top of the |7 ShID & Com. omparatively poor showing in many 1 Smetting of the February traffic statements,|Am Steel Fay. made ftself felt in this class of stocks, | Am Steel Fdy pt being left pretty much alone. Am Sugar. Pools Again Very Active. 310 Suparpr. Bust ot s m Sumatra. in the equipment Am Tel & Telex baker among t Am Tobacco. .. . riety of specialties of the type of|Am Tobaceo (BY Mack Trucks, Associated Dr. '.’-.”..ns, Am Tobac pf (n) Owens Bottle, Reynolds Spring, Brown | Am Water Wks. hoe and Famous Playe Brown (Am W Wi 7% p¢ hoe was bought in exj tion that | Am Woolen. the g ¥ improved earnings of the { Am Writ Pr pf. company will bring about dividend | Am Zine & Lead distribution Anaconda. The street was pleased today with the prominence of United States Steel in the advance both Tuesday and today. Its leadership from a specula- tive standpoint was calculated to in- spire greater ¢ e in the gen- eral market movement. The pools in Marland Ofl Petroleum Were busy that i prospective, ds and con ed a bullish positio Spectal D 2 Minn & St L (n). Mo K& Twi... Mo. K& T pf wi. Mo Pacific. . Mo Pacific pf. Montana Power. Montgom'y W'rd Moon Motors. Mother Lode. Nat] Biscuit w i. Natl Cloak & S. Natl Conduit. Natl Enameling Natl Lead. .. Natl Lead pf.... t Surety Co. . & Copper. Newport Ns Gas. NOr Tex & Mex. N Y Alr Brake. . N Y Alr Brk (A) N Y Central N Y Dock. NYNH& Hartfd. NY O & Western Norfolk & West North Amer w1.. North Amer pf. . North Pacific. .. Ohio Rdy & Biw. Oklahoma Prod. Ontario Silver. . Orpheum Circult Otis Elevator. Otls Steel. Otls Steel pf.... Owens Bottle Pacific Develop. Pacific Gas & K] PacificOfl....... Packard Motor. Pan-Am Pete. .. Pan-Am Pet (B) Panhandle. Parrish & Bing. Penn Seabd Stl. Pennsylvania People’s Gas. ... Pere Marquette. Philadelphia Co. Philip Morris. Fhillips Jones. . Phiilips Pete. Phoen!x Hoslery. Phoenix Hos pf.. P erce-Arrow Plerce-Arrow pf Flerce Oli. Pitts Coal. Pitts Coal pf. Pitts & W Va. Pond Creek Coal Fressed Stl Car. Froducers& Ref Prod & Refpf. .. Pub Servof N J. Pub Serv pf. obvious again shares, in Stude- e motors and in a va- <t 50% 85 92% 1244 102% 89% 19 3% 307k 24% 88 29% 139% 53% 91 33% 20% 567 8% 66 94 o 108y 112% 4 84 63 1241 103% 898, 19 3% 31%M 24% 88 29% 141% oil Atchison. . Atchison pt. Atlan Cst L Atlantic Fruit Atlantic Gult. .. Atlantic Gulf pf | Atias Powderpf. Austin Nichols. Baldwin Loco. . to & Ohio. .. Bang & Ar'nst'k arnesdall (A). |'(lrnl:-ndn|| (B). Bayuk Bros. eechnut Pac! { Beth Steel (B).. | Beth St1 7% (n). | Beth Steel §% pf | Bklyn Edison. .. | Bklyn Rap Tran { Bklyn R Tr ctfs. | Brown Shoe. | Burns Bros (A). Burns Bros (B). | Butte Copper... Butte&Superior Calif Petrol. Calif Petrol pf. Callahan Zinc. . Culumet & Ariz. Canad'n Pacific. Central Leather Central Leath pt Cerro de Pasco Chandler Motor. Chesap & Ohlo Ches & O pf wi. Chi & Alton. Chi & Alton pf. Chi Great West. Chi & East 1l Chi & East1l Chi Mil & St P.. ChiMil&StPpt. Chi & Northwn. | i Pheu Too Chi R I & Pactflc Chi R 1&P 6 Chile Coppe: Chino Coppel | Cluett Peab | the equipments Baldw Locom: Lima and Pullman were | all picuous, so was American Locomotive Review The essential aecline of the I rected the m co i and Outlook. i thing was that the fortnight had cor- wealk ne in the market position. It had carried price off five and ten points from their highs in the early part of the month It had undone, over a large part of the list, fully half of the rise since February 1. Consequently the ket was once morc in to respond to good news f quarter and it was_perfectly believe In the Washin represented that bu it conditions had age vet where an adv. federal reserve rate was regard recessary A striking S04 By the Assovlated 7 MANCHEST {The Amoske H., March Manufacturing Com- 3 of the largest cotton con- rns in the world, today notifled em- ploye: per cent wage in- 5 become cffective April W0 operat are af- one instance of how Wa putting its faith i were accomplished by the fon of direct in comes nd worsted in- frst ine in ages to be gran: 4 ton manufacturing ngland ‘e the present tor higher wages begar in th suth e 10 per o COMPANY WL SPEND OVER 100000 Forty New Sales Stations Among Other Plans—Also Pipe Line r delayed the reg e rate of chen uiat! helght and l-tter writer was pects of the fnerease o m quarter! cent. nthusiasm per was at E every market £ the pros- dividend whether tha » from 5 to 6 or from N the di: Rand Mines. ... Ray Con Copper Reading. Rets Rob. Remington. Replogie Stee; Rep Ir & Steel.. Rep Ir & Sti p | Reynoids Spring Rey Tobuc (B).. Royal Dutch. St Joseph Leac.. St L & San Sran. St L & San Sr p? t L Southwn. ... St L Southwn pf San Cectifa Sug. Savage Arme oy | Seaboard Awr L. 90% | Sears Rocbucis. . S ¢ Copp Shell Union. ... Shell Unfon pt.. Simms Petrol... Stmmons. Sinclair Ofl..... Skelly Ofl...... Sicelly Oll (new). loss-Sheftield. . Siozs-Sheft pf ... So Porto Sugar. | South Pacifie Southern Rw: Colo Fuel Columbia Extensions. Congcl Gas new. { Cons Textile. . | Cont Can. | Continental Mc { Corn Produ. | Cosden & "l 46% 1 955 1d at liy would be pai Flier. The 1 wis Gatn ~ Well Mnintained. mar h nstruction . Arl lding the afterno, £ the gen: immediate 1 rates is 1t paid to the m 1 renews 13% | Th, 243 | com o & W { Dupont (E1 { Eastman K Elec Stor Bat al ¢ | FamousPia: | Famous Play p | Fa Mines & S pi. {FifthAvBusw L. | Fisher Bot O p? ! Fisk Rubber. { Fleishman | Freeport T¢ | Gen Asphalt. | Gen Asphalt pf. Gen Baking Gen Cigar .. Gen Eieciric Gildden. | Gen Motors. {Gen Motors pf 40000 CARLOALS Deteriorate in Storage While | gimel 220 - I oodricno. Awaiting Sale—Acreage in |Goodri South Reduced. StOflof NJ pf.. Stecl & Tube pf. Sterling Prod. .. Stew’'t-Warner. Stromberg Carb Studebaker....... Submarine Boat Superior Ofl. ... SweetsCoof Am. Tenn Copper. .. Texas Company. Tex Gf Sulphur. Texas & Paclflc. Tex & P C&O1l. . Tide Water OLl. Timken Bearing Tobacco Prod. .. | Tovacco Prod A. | Trans Contl Of1. Twin CR Tran.. Underwood. ... Unfon Bag & P.. % { Cnion Pacifle. ... | Unton Pacific pt | Union Tank Car Un Tank Crpt.. Un Alloy Steei. . United Drug . | United Drug 1st | United Fruit. .. | Utd Dyewood pf. | Uniied Ry Inv.. Utd Ry Inv pf... Unit Retail Strs U S Caet Ir Pipe. U S Cast Ir P pt. U S Exprese. ... U S Indus Alco. . | U S 1Ind Alco pt. U S Realty.. | USRealty p | US Rubber..... { US Rub 18t pf. . U S Smelt & Ref | USSmelt&Rpt. U SSteel... | UsSteel pf. Utah Copper | Utal <ucurities. | vanadtum Corp. | va-Cr Chemical Va-CarChempt. Va-C Chem (B). ValrC&Cokepf. Vivadou. ... Wabash pf (A). Waldor? Systera. 70% | Web & Hellbrn . 37% | Western Elec pf 181y | Western Mad. ... { Western Md 2d. Western Pacific. Western Pac pt. Western Unlon. West Air Brke. . Westhse El & M % | Wheel & L E pI. | White Eagle Oi1 | White Motor. White Oil. Wickwire...... Wilson Co. Wwillys-Overld. . Will's-Overld pf Worthlngton... lecline signific: Ig] BRISK CLOTH TRADE. Condition of Wool Market Also Shows Stronger Tone. ne of the n improved i Goodrich pt i Goody'r pr pf wi. | Granby Consol | Gray & Davis i Gt Northern pt. Great Nor Ore. . | Gt West Su pf | Greene-Cana | Guantanamo Su | Guif Mo & Nor. | Gult St Steel. Gulf St 1st pf. hiad | Harbishaw Cab. | Hartman Corp. interiio- | Hayes Wheel. | Hendee Mfz. “ | Homestake | Household Prod. stach t + | Houston Ofl. e Jlodds Hudson Motors. ,_until no longer Hydraulic Steel. s, that 2 | inimots Central. ar | indizhoma. | Inspiration | interboro Met. . Interborough pf «t!In Ag Chem .. s, Interbor Rap Tr. InCombustion i e of & short-1nes Grt Nottl itory and in | ype Harvester.. were shipped|yn Mer Marines ' Int M Marine pt. Int Nicke! Int Nickel Iutl Paper.... Inti Paper (st red ot Shoe. . as Wis- | ntertype Corp.. galn of | [vinetble Oil. 3 iraje | Iron Products.. 30 cents for rurals| O rvaets, ‘The ‘Twe | Island Of1. . £ 75 cents and | gowel Tew. .. respectively. S reduced its SHBMUES|yonesties..... 370 1 1451, Ship- Jones & Lighi ot el s of o page. 0! state for ansas City Sou O e en 810 care, com- | Kayser (Qultus) 41% N6 lust scason to date. | Kelly-SprTire.. 60 arket was irregular lust week. | Kelly-Spr 8% vt. 105 —_—— Kelsey Wheel.. 109 BUTTER PRICES LOWER. Kennecott...... 414 KeystoneTire. . 10% o 3O. March 8. — Butter - | Lee T & Rubber. 3 A amery extras, 40%; stand- | Lehigh Valley.. 66 Lima Locomo. 2% Loews Inc 195 LoftIn 8% Looss-\Wilas 8T% drills and The raw ing was in ¥ HICA to quirem ports tha —The tona of the cecdingly heavy pota- £ wll ordinary re- de and ac ding loc Owever. manuta of the mills. not of large pro- There are indica- urers have taken AMterings of western although these trans- t as secret us avold boosting ero; . 108% 1 903 29 20 70 reported to b uctions, 0% | {PIGGLY STOCK UNDER BAN Illinois State Securities Official Refers to State Law. ale of Plg: stock to the car cot wis 1o longer never has been qu \ois securities a the offices Lere of es department. s old at § l‘:’ # | ptiblic 1 since the under the was s state I Wikgt lurge sup- 1 owver- | Under 311 | Becurities 425 5 exchanpes ure 1% { With the rem 4 112% | the exchan 125 | would be subfect to th 24% | explained. 17%{ WILL BUILD 6,100 CARS. 60 i 1z 112 119% 119% | NEW YORK, March £8.—March pro- 6435 643 | quetion of Maxwell and Chalmers will 16% 16! | be approximately 6.100 cars. The sched- 29 29% | ule for April will be a striking advance 87 57 |over that figure. Production for Jai 4 lary and February was slightly 1171 7,600 ¢ 4 38 MINING WAGES GO UP. 1% 7 basg 38 NEW YORK. March 28.—Mining com- Last. | Panies in Arizona have increased wages 5 |10 to 12 per cont.” The uew seale will p fve miners $5 a day and muckers HOURLY SALES OF STOCKS. §484." Other classes of Iabor havo been . 228500 12 m. 497200 | increased 10 per cent. Approximatel +w 080600 Zpan..... 787200 * 16,000 men are affccted. the siipped ek's pots Jumps o 18% b4 % 6% 61 107% 22 onsin. law, it was 10, to 20 ¢ prices advanced und 60 cents 1 arteties cl $1.10 to §1 % cabbuge 280 in 1822 and 3. 29 574 4 11% 8 % b4k 87 Call MOney..... i3 {|Am T & Tcl tr b3, * | Ind} + | Int Paper 15t 5 .| Producrs & R #5 7 - | Sin Crude Ol § D.” ¢, WEDNESDAY, MARCH 28, 1923. [we vore BONDS s ] * Recsived by Private Wire Direct te The Star Office, For Revised Close of Bond Market see 5:30 Edition of The Evening Stas, (Bales are 1n $1,000.) RAILROADS. UNITED STATES BONDS. Salis 'High, (Fractions represent thirty - seconds. 85 Example: 101-1 means 1011-32.) 6% ales. High. Low. OClose. 83% Lib3%s. 100-30 100-29 100-29 78 Lib 2d 4s. 96-19 96-19 96-19 95 Lib 18t 4348 97-8 96-22 97-6 76 Lib 24 43, 97-8 96-26 97-6 100 s 98-2 97-26 97-31 9% Lib 4th 4% 97-10 96-27 97-9 80% Victory 4%s.. US4x%s 1952, Low. 84% 5% 883 78 94% 4% 100 78 80% 8% 93% 62% 63% 78% 74 90 0% 86'% 113% 112 82y 88 86 80% 28% 83 9% 78 50% 62 60% 68 82% 663 70 79% 106% 106% 80% T6% 8% 100 101% Close. 847 % 83% 78 945 % 100 791 80% 3% 3% 624 6314 73% 74 90 9036 | 86 | 113% 112 100-2 100-1 100-2 T3% 98-30 98-13 93% FOREIGN. N Salen. High. 7314 . 6 101% T4 . 13 101 81 1 94% 90% 43 9% ity = 113% 8z e 95% 2 103% E 9974 B5% 100% & Jonk 28% 9B% 83 103% 2 10244 G 61 62% 65 Tow. 101% 100% 94% 98 1% 78 81 94'% 108% 994% 100% 99% 98%% 103 101% 103% 48% G 112% 4 90 99% 88 108% 6% 94% 93% 88 9714 93% 851% 924 92% 8132 80% 8 78 65% 56 .. 25 Bklyn R Tbsctfs.. 10 BKlyn R T 7s ‘21 BkI RT 78 Argentina 7: Belgium 7%s. | Belgium 6s. . Belgium 8s. . Bolivia 8s Rordeanx 6s, Brazil 7s Brazil 8s Brazfl 7% Canada 5s 1926 . Canada 5%s 1929. . Canada 65 1931.... Canada 5s 1952 Chile 85 1946, Chile 83 1926, Chile 85 1941, Chinese Gov Ry 58. Christianta 8«. Copenhagen 5iss |Cuba5t%swi.. i Czechoslovakia 8s. Denmark 8s Denmark 6s 24 Dutch East I 69" 29 Dutch East T 6362 19 { FramericanID7 % 1 FrenchGovtBs.... T French Govt 734s. 164 !;lllu sctrs...... Canad North 6%s. Canad Pac deb 4s.. 13 Central Pacific4s. 6 Ches & Ohfo cv is. 41 Ches & Ocv 414s.. 40 Ches & O gn 414s.. 14 Chi & Alton 3%s.. 5 ChiB&Qgn 48'68. = Chi B&Q 1st rf 64 16 Chi& ENllgnbs.. 12 Chi Great West 14 CM & Puget Sa 4 ChIM&SPre4ys. 15 ChI M&St P ov 6. . 27 Chi M&St P 48 '25. . 56 ChIM&S P cv 414s. 61 (t:h&.\;&s:?u'n. 16 5 St Pgn 438 Chi & N'W 7, i 27 .18 6 6 16 17 14 15 14 10 8 22 . 25 27 40 9 i . 83 9634 | 8% F0% 62 61t 63 82% 70 79% 105% 106% K0t 77 88% 100, 101% 821 9515 3 5314 8414 5614 1053, 451 51 104 114 § 107 97y 10 82 80% 6114 10015 8 054 4% 68% ChiUn Sta 4%s... CCCRStLrfésA. Cleve Term 634s. . Colo & Sou 4145, Del & Hudxon § Den&R'o G con 4s. 13 D&RGIstrfbs.. 9 Det United 4%s... 20 Erfe 1st con 4s. % Erfe con ext 7s. Erfe gen 4s Erie conv 4s D 8 GrTrunk sf deb 6s 14 Grand Trunk 7s... 15 GrNorth gen 7s. .. 49 Gr North gen 53s. 20 GreenB& WdbB. 3 Havana ERL&P 68 1| Hud & Man ref 3. Hud & Man aj s 111 Central 6%s. Int Rap Tran 6s. Japanese 24 438 Japaness 4a - Jergen U M 65 '47. . Lyons 6s. Marsellles 6s. Mexico 5a. ... . Mexico 55 large. Mexioo 45 35% 87 96% 112 98 73 75'% 107 100% 937 94% 96 984 T 99 85% 697 79% 104% 118 T30 115% 103% Copents. 18 91 8s. 5 105 MISCELLANEOUS. | Afax Rubber 8s 6 964 Am Agr Chem T%s 10 102% Am Cotton Oll s 6 63 AmSmelt&R 1st 53 B7% Am Sugar Ref bs. 101% AmT& Tcv 68 116 95% 913 Netherlands 6s Norway 8s Paris-Ly's-Med Prague 7%s.. Queensland 7s. Queensland 6s Rlo de Jan 8s 1948. Rio de Jan s 194 Rlo Gr Do Sul Ss {Sao Paulo, City. 6a. | Sao Paulo.State, 8s Seine, Dept of, 7s.. Serbs CrotsSlov 8a. Solssons §s. Sweden 6s..... SwissConfedsf8s. Tok1o b Ud King’ Ud King'm 5% UnStea Urugua: Towa Central rf 4s Kan City Ft 8 4s. . Kansas City § 3a.. Kan City Sou Us. .. Han City Term 4s. Lalke Shore ¢s '31.. Long Island rf 4s.. Louis & N uni 4s Louls & Nash - Leuls & Nash 53;s. Manhat Ry cn 4s.. Market Stcn bs. .. M{l El Ry & L fs.. M&StLrfex6s.. MStP & SSM 63%s. MK&TIstds. ... MK&TprinssA MK M 37 AmT& Teltrds Anaconda cv db 7e Anaconda 15t 68. ... 18 Armour & Co 4%s. 24 | Atlantic Refin 56.. 9 Bell Tole Passrets 2 Bell Tele Pa Ts. Betnleh'm Stl rt Beth'm Stl p m Gs. Beth'm Stisf6s... |Brier HSt1st5%s 1 | Bklyn Edlson 7¢ D. 1vn Ed gen b 1 Buch T Blg 5= '60. 16 Central Leather §a 2 Cerro de Paece Chile Copper 85 Chile Copper Tc. . | Con Coal Md 1st &3 | Cub Cane s ovaés. | Dary (D¢ | Det Edison r | DuPontdeN 7 &TesC.. K & T adf 6s Mo Pacific 6s Mo Pacific gn és Montreal Trm et S8 NOTex & M In &s. N Y Centdeb 6s... N Y Centdeb 4s... NYCentrits N Y CenLScl33is.. New Haven c d 6 New Haven d 4s 5 N Y State Ry 4%is. NY W & Bos 4%s. Norfolk & W cn 43 Northern Pac s Northern Pac 4s... North'n Pacr1 6s. Northern Pac s, Northern Pac 5s re! Ore & Calif 15t 5 19 Short L cn §s { Ore Short L ref 4s. Ore-Wash st rf 4s Pennsyl gen bs Pennsyl gen ¢ Pennsyl §%s 5 Penneyl goid 7s. .. Peoria & L inc 4s.. Pere Marq 15t Gs. . Reading gen #s. RIATK&L4%s St LIM&S R&G 4s. StLIM&S 4s'29. 6 6 1 G Ta. 3 sk Rubber 85... 14 1 8 | Int Mer Marine 7 | Juitus Kayser 7 | Kelly-Sp'fleld | Liggett & Myers 7s Liggett&Myers Lorillard (P) fanati Sug st 7is arland Ol Seab'd A L ad] Gs.. Seab'd A Lcon 6s.. o Sou Pacific ov 4a... 1 Sou Pactflc ref 4s.. 18 Sou Pacific clt 43.. 2 Southern Ry 1st i 15 Southern Ry gn 4s. 23 Southern Ry 6%s.. 15 Third Ave adj 5s.. 55 Union Pac let ds. 15 Union Pac lstrf4s 6 Union Pac cv 4s.... 10 Unlon Paccvés... 8 Virginia Ry 1st 5s. 30 91% ‘Wabash 1st6s..... 1 94% Western Pacificbs. & 80% West Shore Ist4s.. 4 78 8 TOTAL SALES {Par Valus): ilam.. 8767000 12 noon 5675000 1pm.. 8045000 2p.m. S 000 {FURTHER RECOVERY fontana Power is. 1 rris&Colstilzs 2 ew Eng Tel 5s. 'Y Edlson 1st 6148 19 YU ELH&PCs. 1 ¥ Tel 6s°41. Y Tel 4%s. Am Edison 6s. States Pow be. i Northwst B Tel 7s. 1 N N N {Otis Steel 8s. . . 4% Pacific Gas & Elis 2 PucT & T 58 'G2... 26 30 | Packard Motor 83. & sl Phila Coref 6s A.. 10 i | Plerce-Arrow 89wl 8 9%, i | Producers & Rt 8s. 11 107 1 1% Public Service Punta Alegre 7s. .. Sinclair Of1 7 117% 9914 98ty 83 10135 105 100 921 106 9 842 107 101 £s 87 86 102% 106% 96 | Sin Pipe Line 5s. | So Por Rico Sug 7s St Oil of Calif 73. Steel & Tube T« 108 6% 85 107 101% 88 871 6 102% | py the Associated Press. : 196% | NEW YORK, March 25.—There were 101% | further rallies in the cotton market 9514 | during today's early trading. Liver- | poot made = relatively casy showing, but the weather map was unfavor: ble, while sentiment was favorably impressed by Washington advices in- dicating that no immediate advance in rediscount rates was expected, and commission houses had a good many overnight buying orders. The ope: ing was firm at an advance of 15 to 82 | points in consequence, with July se ing up to 28.50 and October to 26.42, or just about a ¢ above the low level reached on the break of Monday. Jeutures opened firm: May, 29.30; Ju 28.45; October, 25.42; December, £4.75; January, 24. | NEW ORLEANS, March 28 —The | advance in cotton was continued to- | duy; the first half of the session pro- | | ducing gains of 35 to 45 points. Heavy | LIVERPOOL COTTON. 1 buying was encouraged by the wet| i o F ity .. | Weather over the belt and by the LIVERPOOL, May 28.—Cotton—Spot | gtatement by the Federal Reserve | Board. The weekly crop reports by | the government were rather better & than “expected, but were offset by the forecast of cloudy to rainy. weather { for the cotton region. May advanced | to 28.97 and October to 25.01. Cotton opened firm; May, 28.68; July, 28.30; October, 24.88; December, 24.45; Janu. ary; 24.34. SW YORK, March 28—Blds at 11:45 am: May, 29.31; July, 28.46;! October, 25.42; December, 24.90; Jan- | uary, 24.50. Steady. NEW ORLEANS, March 28—Noon bids: May, 28.88; July. 28.40; October, 24.94; December, 24.49; January, 24.28. Quiet. ledo Ed'n 1st 1 Inion Bag & P 6e.. 11 SRub 1st r£ 0s.. 40 S Rubber 7% SSteel s £ Gs. tah Pow & Lt8s. 6 Va-Car Chem 7s... 50 Va-Car Chm 7%8 w. 18 | warner Sugar 7e West Union 6%: | Wilson & Co 1st s 8 | Wilson&Cov T35, 1 101% ‘“Uson&Cu cven. 10 95% 953 pib S { EXCHANGE. March 28, 10251 pm. s furpished br W. B. Hibbs & Co.) Nominal Selling checks zold value. . $.3065 100 | Washington Advices cn Moneyil Rates Cause Rush of Early U U b u i U Buying Orders. | i { i | | | i | { 15 i { ‘Quotati 1 | Tonu | Mont aris, | Brusses | Berlin, Rome & Atliene, Madrid, Vienna, quiet; prices casier; good middling, 15.31; fully middling, 15.16; mid- dling, 15.06; low 'middling, 14.81; good ordinary, 14.31; ordinary, 14.01; sales, 5,000 bales, including 3,400 Ameri- can; receipts, 10,000 bales, no Amer- | jean. Futures closed very steady; i March, 14.84; May, 14.79; July, 14.67; |'October, 13.78: January, 13.34. i PARIS MARKET QUIET. TARIS, March 28.—Trading was qulet on the bourse today: 3 per cent Tentes, §7 francs 356 centimes; ex- change on London, 70 francs 80 cen- times; 5 per cent loan, 73 francs $0 E ntimes. _— ‘Worth in proper nameg as in Kenii- worth, signifies that the placo stands « tozgpe of.land. he dollar was quoted at 15 francs centimes, {near to th FINANCIAL, Grain, Produce and Live Stock WHOLESALE MARKET. There was a plentiful supply of eggs on hand this morning. It was reported that some dealers would make an effort to hold up the prices for the Easter trade, but receipts are 80 large that a downward trend is the forecast. Butter is holding firm. Prices vary from one -half to 1 cent a pound from day to day, but much lower prices are not expected to materialize for three or_four weeks. Dealers expect early vegetables from nearby farms in the near future. They are still getting most of the vegetable supplles from North Caro- lina_and the Norfolk, Va., neighbor- hood Eggs—Strictly died, par dozen gelected, can- average receipts, per 1b., 18; . 30a40; spring chicken keats, young, each, €07 fres! 24a2! 5 roosters, per i turkeys, per 1b., 36a40; keats, young, each, 70480, Live stock—Calves, choice, per Ib., 2; medium, per Ib., 10all; thin, per . 8a9. Lambs, cholce, per 1b., 13. Live Digs, 3.0025.00 each: ltve hogs. per 1b., 9. Green frults—Apples, per bbl, I.00a Californfa_oranges, per crate, 6.50 .00a6.00. Lemons, per rapefruit, 3.80a4.25 50; southern. Eggplants, per ge, per bbl., 1.5 T basket. skat. 50:44.50, X Squash. £.086, GRAIN AND PROVISIONS. EBALTIMORI@Md.. March 28 100_pou (Spe- 1s, DAIRY PRODUCTS. ALTIMORE, M firsts, eggs Butte < place arly dealings, the an_advance in The Liverpool s ascribed in part to iess of the stock of wheat there. h crop reports from wester: and western Nebraska tended to lift values. The opening, ¥ ranged_from % with May 1.18% to 1.20, and July 118 to 1.16%, was foliowed by something of a reaction, and then by new rallfes [ nd oaty were firmer in sy with wheat. After open haif a cen 4%, the ini ts started hanged to § high- and later showed IN COTTON MARKET Ma, ui 1170 wso 1147 1150 1165 10.20 1047 1085 104 ment of Agriculture).—Hog: 30,000 head: dull; mos to iower; buik, 150 210 pound averages, £.40; bulk $.0048.20 to top, 225 to 325 pound butchers, medium, lght light, 8, smooth, packing roughs, 7.00a ng pigs, 00, Cattle—Receipts, 10,000 head; beet stears active; strong to 15 higher; mostly 10 1o 15 up; top matured steers, 10.10; several loads handy weight and 'heavy kind, 9.90a10.0 ulk beef steers, 8.8 0; good vear- s fairly numerous: mixed steers Y 9.60; few other loads, 9.50; later price paid for straight load lght beef heifer he stock and bulls gen- erally 1 calves unevenly lower, mostly 25 to 50 off; stockers and fecders scarce; firm; bulk desir- able bologna bulls’ around 5.25; bulk vealers early, 8.00a9.00 to packers; few 10.10 and ahove to outsiders; bulk stockers and feeders, 6.75a7.85. —_—— TREABURY CERTIFICATES. (Quotatlons furnished by Redmond & Co.) kil HOw! Rate—Maturity 3%s June 15, 1823, 8%s September 15, 1933 4% December 15, 1825, 5%s June 15, 1934 334 Beptember 15 4%s March 15, 19 4348 June 15,1025 4%e December 15, 1 41,8 Beptember 15, 192 4348 December 15,102 4is Beptember 15. 1023 4tis Maren 15, 1624 4505 March @5, 1936, " | Expert to & higher, | CALFORW SENDS O TO WEXCO Conditions Reversed in Past Six Months—Prosperous Year Predicted. BY J. C. ROYLE. Epecial Dispateh to The Star. NEW YORK, March 22.—Ta- Steamers today ars carrying ofl ¢r California to Mexico to keep the ra finery of the Aigula Oi! Company bus instead of carrying Mexican Ofl ¢o th United States to keep Amer fineries busy as was the monthe ago. So great 1s the demand 2 factlities t it has been to shut fn production total barrels o day in the Long Beach With proper storage and trans portation factlities Califorr produce 720,000 barrels of c!l defly according to the Californta petroleur arrive and the gain in 1y has been 1 2,000 produc Pro Domestto hikh recor: petroleu age now procduction is at in other than the areas, und the running 29 per (Lmports. g the 1923 averags Domestic production : actically equal to @ ear ago, the number of d, consumption t! greater. Prospects for Industry Bright. All of these factors indica for the ol in ices are approximate] = the 1 per above last ve mid-continent i o t. There is every prospect of a breaking demand this vear, cons tion being estimated ut 15 per ¢ than in 1922 and the prices of gagoline oils have risen saven tir in as many weeks. Consumption r advance more rapidly than ke unless prices are to go hig s have not hesitated to pi. the prospective profits of hoider s of crude bought at prices at $150,000,000. 1o Ofl Company of C: s acquired Colo., ar tmmeaiately a new fiel new district is about n th of "Tea Pot Dome field « ming. The Unlon Compa: leases covering t rtire structure of the distri Sngar Prices Although { trols tndex char amber of Ce | | t ! e advanced ere is a large amount of ntrals arding.’ in Cubs predictions. Ralse Wag: ng, mach: of the I th Carolina northern miils in where they are conditlons are favorable, g rhore numerous and are n; ded factor in the textile sftus Labor Shortage Acute. ndous paving program side the o e labor probl Detroit Also Worried. DETROIT, March 28 (Speefal) Automobile factory ‘executives worried today over the labor supply as workers are inclined, in Some cas to seek outside work at this seas Many jobs are going bLegsi there are of men around G ng for something th: jried Steel Prices Still Higher. AGO, Ma 8 (Special).- ices co. i Fourteen thousand rallroad c ordered in the ed steel prices ars §7 1d $2 a ton higher, und the struc | tural steel market is fair) althou; the 6, placed in the las ¥uge Sums for Construction. *ISCO, March cial).—Business activity in i likely to break all rec vear if present indications e. It Is estimated $400.000,000 i @ spent in the state in bullding ¢ struction, as from hy -elect development, which is expec quire expenditure of $40,00 municipality is reporting hitherto ur equaled activity, in both home office building. Summer bullding | tivities at Pasadena will cxceed {600,000. San Francisco projects & | ready announced total $50,000,0 | and Los Angeles will spend 3$6,000.00 A ilon eight downtown buildings a The world’s highest tmpounding ¢ at Modesto will cost $5.000,000. (Copyright, 1925.) Origin of Lace-Making Art. Almost every country in western L rope claims the origin of the delicate wr of lace making. Egypt knew it, and {: was practiced by the lake dwellers to gome extent. Orientals were certain versed In it, but to Italy it is pm?x?hk safe to award twe first making of t almost priceless needle point, m!l"‘ from flax thread, so carefull un t just one little ounce is worth $2,000, sa the Detroit News. 3 “This same thread of less fine texturs was used for the Valenciennes deurA' thie heart of Queen Marie Antoinet! and her milkmalds. Tha finest need point is done with a needle and thread of cobweb flneness, the puttel drawn on parchment. In olden days thes lace makers ere privileged persons. Finest laces aro still made {n damp under- ground rooms, to preserve the threa: one ray of light only directly on work being permitted. Irish crochet is made by peasa at thelr cottage doors. The wo done by incredibly fine hooks hard twisted cotton thread ov design drawn on cambric, the 1zt basted on and crocheted around —_— Tn London women frequantly ars ¢ write