Evening Star Newspaper, April 9, 1923, Page 24

04 * FIN ~ POOLS IN CONTROL IN STOCK MARKET Price Movements Very Much Mixed in Wall Street Trading Today. STUART P. WENT. Special Dispateh to The Star. NiZW YORK, April 9 frclined to take the buying side, a part of today’s stock exchange sion, and prices went somewhat high- er for a time. Afterward the pric movement becam much mixed. The majority expressed around the w the bull last week wain advance the present. Whether stocks moved up or down tn the market of the day was entirely & question of whether they Were or Were not commanding pool support Stocks that did not have pools back of them were for the most part either little changed or heavy rket Afa This was true of most of and most of the metal spe operations for m progress, however little Amc Cialties which at one other taken up were Parry Asphalt. Sims Teum, mputing, Tabulat Recor American Inte and Ma a oil The street continued t Ameri International sitiof assets rather than of earn in, buying of the stock reckoning that [13% Traders were for very rather more than the case resumption of the not expected for opinion. street, leaned side was But was ool r. the rails Where werd with sp or an- Martin Pe hares ¥ met & the time, il opposition w iational to figur s a4 propo- ay of and recent wen based on the the company could be liguidated for as much and probubly more than the stock was seliing for in the market Wabash A Railrond Feature. Wabash preferred A was one of th few rails to do anyth It was hought talk which ms to b auite confident of an ¢ inning dividen of K spots s the andd the other An Announce- ment that t pany will offer £10.000.060 preferred stock at par was the ¢ the selling The news about the sugar com- panies and the situati erally in the trade deet favorable today, and < made R ' nse %. the high with sales in a domesti finers 10.000 tons to the th, the s sold_ s in 192 arket a ot of United Kingdom. It has been feltall along a heavier export demand would the siznal for higher prices here. Moreover, i creasing attention paid to the statement of the ¢ department of agriculture, which the crop this year will be tons. or more than 500,000 estimates earlier in the sex is taken as evidence that the a shortag Columblia the 0001 of This will be short Gas Dividend. - plit-up of the present sk, action on the dividend Wil i 1t is ne sible now to state what the dividend on the new will he. but there are muny who expect a £ rate or the eguivalent of 4 on the old the absence of anything im- ant happening over the week end re was very little fresh initiafive ved in any of the markets to- taken. Secretary of the Treasury's we the ine ised revenues fr taxes was highly satisfa panving recommendi- maxin » with much interes Wall street had t any chance of thes going through it would Eave expressed enthusiasm low f surtax rates would eventua 1 more active partic et enterpiises on the so-called “large inte having in m of the next Congr strong influences that ht to bear in sely ction from financial ¢ itself to becon rocent read there nosals bredly for vory brou posit policy. th not allow the s the retary’s mmunity did excited on s It was tie, ous and the that the el Shares Apatl guin rather cu much comment shares should hi been se with reports for the first fmpendir nd which, it is sure, will make an inspiring eom- parison with previous quarters One of the incidents of the day the weakness in sterling ex which at one time was off nearly cents from Saturday, nearly 3 cents from last w. high and fully 7 cents from the season’s top in last week in February In the trading Baldwin Loce moti nd Studebaker were cach off a point or from their early high. indicating thut the forenoon advances had been due 18 nothing more than substantial short covering Coppers Heavy Late in Day The copper group a heavy. Ratification of the Kenni Vtah deal had no effect, nor did statement regarding current tions New high records were American Water Works 6 preferred and common the former. which recently Was put on a 4 per cent b would receive the full 6 per cent at one of the next monthly mectings. Tobaeco Products common was con- spicucusly strong in the afternoon. as the resuit of an analysis showing that $10 a share is likely to be earn- ed this vear and that the net book value has risen to $56 a share. wits ange. ks in lat made in per cent talk RAW SUGAR HIGHER. NEW YORK, April 9.—The r sugar market was firm and early today, with prices 1-1 gher to the basis of for Cubas, cost and freight, equal to 5.7% for centrifugal, which equaled the previous high rec. ord of the season. There were sales of 151,000 bags of Cubas, 16,000 Porto Ricos and 34,000 bags Islands to local and outport refiners and operators for April shipment The estimate by the secretary of agriculture of Cuba placing the pres- ent sugar crop of Cuba at 3,733,061 tons. with the proviso that this figure would probably be reduced to about 3,600,000 tons, and the further ad- vance in the spot market led to re- newed buving in raw sugar futures by both trade and outside interests. Prices ai time showed net ad- vances of to 16 points on active positions. Realizing checked the up- ward movement toward midday and brought about reactions of 1 to 5 points from the best ctive WALL STREET NOTES Special Dispateir to The Star. NEW YORK. April 9—Crude oil production in the United States for the weck ending March 31 is esti- mated at 1927.791 barrels, an in- erease of 85,836 barrels daily“above the previous week Bitiminous coal production last week totaled 9,500,000 tons, against 10,414,000 for the previous week. Anthracite production was about 70 per cent of previous weeks. Ex-dividend today, International Paper preferred, Pittsburgh Coal pre- ferred and common. Hudson Motors shipments for the first quarter ending February 28, 1923, were 18.773 cars, against 8,994 for the same quarter a year ago. The | net profit of this year's first quarter was $1,689.268. . New 'York bank clearings, $431,- £00,000. New York bank .balances, $68.000.000. New York Federal Re- serve Bank credits, $67.000.000. Boston bank cloarings, §45,000,000, that | the ! opera- | that | Philippine ! ANCIAL. Open. 70% S 14% % 1% 109% 49% 27 55% 45 4% 8 108% 984 180 25 T4 Air Reduction. Ajax Rubber. Alaska Gold. ... Alaska Juneau. . Allied Chem pf. . Allls Chalmers. . Am Agr Chem. . Am Ag Chm pf.. Am Beet Sugar. . Am Bosch. .. Am Brake Shoe. Am Br Shoe pf AmCan..... Am Car & Fdy . Am Chain A. Am Chicle Co Am Cotton Oil. Am Cot O1l pt Am Druggist | Am Express Am Internat'l. Am La France Am Linseed Am Locon Am Metals. . Radiator ife Ra Ship&Com melting. wuff pf Steel Fdy. .. SULFdy pf.. ugar T & Cable N Tel & Telg Tobacco. . Tobac (B). . Tob pf (n). Water Wks. WWkG% pf. WWKT% pf. Woolen. ... Am Woolen pf. . m Zine&Ld pf. } Anaconda. .. . Arnold Co. . Assets Red Asso D Goods | Associated Oil Atchison. . .. Atlan RIr&At. Atlan Cst Line Atlantic Fri Atl Fruit ctfs Atlantic Gulf Atlantic Ref.. .. Atl Refining pf Austin Nichols Auto Knitter. Auto Sales pf iwin Loco. .. Ito & Ohio. ... alto&Ohio pf Barnesdall (A). Rarnesdall (B) { Butopilis Min Beth St 8% pf. { Bklyn Edison. .. | Bklyn Rap Trn {Bklyn R T ctfs.. Brown Shoe Brown Shoe pf.. Butte Copper. Butte & Super. Butterick Caddo O11 Calif Petrol. ... calif Petrol pf Callahan Zine Calumet&Ariz. . Canad'n Pac Case (J 1) pf Central Leath. { Cent Leath pf. .. Century Rib Mills | Cerro de Pasco. . | Chandler Mot... 713 Chesap & Ohio.. 70 Ches & O pf wi.. 1025 {Chi & Alton..... 215 1ehi & Alton pf.. foni Gre west ) Chi Mil & St P Chi Mil&StP pt Northwn. . eu Tool. . Pac. ... %Dt . . % pf. 83, 6:‘. 95 94 225 19 985 104 10% 611 1455 B4 T4 34% 481% 6 Chile Copper Ching Copp. uett P | Coena-Cola pf. such | e, . new Textile i Cont Can Cont Insurance Continental Mo Corn Products. . Cosden & Co. den pf . ucible Steel . .. ucibie Stl pf.. Cuban-Am Sug. ug. .. pf.. Cuban Dom’can. Davidson Chem. De Beers e D Lack & Wstn. Dome Min DuS Du § 121% 424 2% 43, 120% 113% 6419 154 stman Kod Stor Bat. . 2l Endicott- Lirie rie 1st pf. Erie 2d pf. Fairbanks Co Famous Play. .. #d Mines&S pf. . { Fidelity F In: Fif Av Bus wi Fisk Rubber Fleishman 5 Freeport Texas. . Am Tk Car. Am Tk pf jGen Asphalt. ... | Gen Asphalt pf.. Gen Baking. .. Gen Electric Gen Motors. . | Gen Motors pf. . Gen Mot 6% deb. Gen Mot 7% Geb. Glidden........ Gimbel Bros pf. | Goldwin Corp. Goodrich. . . Goodyear pf... {Goody pr pf wi.. Granby Consol. . Gray & Davis... Gt Northern pf.. Great Nor Ore Guantana Su. Gulf M & Nor pf. Gulf St Steel. ... Gulf Stistpf . Harbishaw Cab. Hartman Corp. . Hayes Wheel. .. Hendee Mfg. ... | Househ'd Prod. . { Houston Oil...... Hudson Motors. Hupp Motors. ... Hydraulic Stl... Tllinois Central. Indiahoma. . Indian Refining. Inspiration. . Tnterboro Met. Interb Rap Tr. |In Ag Chem pt.. Int Cement..... | 1n Combust E... Int Harvester. .. Int Mer Marine. Int M Marine pf. Int Nickel...... intl Paper. .. Int Shoe. . Intertype Corp. Invincible Oil. Iron Products. Island Ofl... .. Jewel Tea. .. Jones Tea...... Kansas & Gulf. . Kayser (Julius). Kelly-Spr Tire. Kennecott. ... Keystone Tire. . Kinney GR...... Lee T & Rubber. 137 39 18% 68% . 100% 50% 80 81 180% 15 88 8915 104% 10% 99% 64 3814 5018 96% 30% 12% 4% 32% 11% 57 997 105 1 89% 40 20 3% 68 29% 27 3% 113% 15 T 37% W 21 30% 41 26 90 40 14% 52% 70% 855 18% 64 1% 22 61% 1% 39% 59 40% 104 35% 30% High. 0% 14% % 1% 109% 49% 28 102% 2% T 3 2% 29 1311y n 2 115% 0% 1407 17% &) 60 77 66% 108% 1117 8% a8 104 10% 61! 85% Toh Baw 48% Yy 71 102% o’ Low. 70% % Y 1% 109% 49 27 b5 45 47 78 107% 96% 179% 25 % 1254 23% B 131 30% 1274 32 134% 507 83 84 18 64'n 95 39% 100% 9 H54% 1224 153% 150 101% 35 574 91 101% 108% 537w 4874 170 81 115 101% 23, 1165 2% 2% 2819 1807 115% 139 5074 21 17 60 77 654 108% 111% 3% 21 614y 96 104 97 _THE_EVENING STAR, | NEW YORK STOCK EXCHANGE Received by Private Wite Direct to The Siar Office For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Close. T0%. 14% Open. 64% High. Low. Close. 64% 64% 64% 73 T Ti% 19% 19% 8% 8% 55 56 143 141 93% 9lls Lehigh Valley. . Lima Locomo. .. 72% % !LoewsInc...... 19% 1% [LoftInc........" gy 109% | Loose-Wiles. 55 49 | Louis & Nash... 141 2% tack Trucks 013 5 |MacyCo..... 67% Mallison & Co... 33% ! Manati Sugar. . 70 Man Elev serip_. 4% Man Elinv guar. 40% Manhat irt. 45% Manila El Corp.. 89% Market St prior. 79% Marland Oil..... 581 Marlin-Rockw. 10 Martin-Parry... 31% Maxwell (A).... 58% Maxwell (B).... 20 May Dp Store 3% t Melnt Por... 19% | Mex Seaboard 185y Miami Copper 2% Middle St Oil.... 11% Midvale Steel..." 32 Minn & StL(n). 7 Min St P&S S M. 68 Mo K & T (new) 14% MK&T pf clA (n) 40 Mo Pacific 16% { Mo Pacific 43 33% 70 33% 88% 9% 55 10 31 58 19% 3% 187 1812 27% 11% 32 7 68 14% 390 16% a3 69 24 27% 89% 9% 5% 10 365 58% 20% 73, 1 1874 27% 114 824 q 68 14% 40 16% 43 69 248 127 1M 2T 27% 108% 1077y 983 98% 14% 14 420 1204 120% 6% 8367 122% 153% 150 101% 3T% 59 91 101% 108% 5374 Moon Mot Mother Lode. Mullins Body Nash Motors. . .. <h Motors pf Natl Acme at Biscuit w Natl Biscuit pi il Dept Store: atl Dept s tl B tl Lead. atl Lead pf Nevada Copper. Or Tex& Mex Y Air Brk(A) Y Central Y Chi & St T, IN'Y Dock pf NYNH&Hartfd NY O&Wester North Ame North Pacific Ohio Bdy & Blw Oklahon Pr Otis Stecl Owens Bo 9T1s 4943 9313 4% 50 19% 1813 231 T4's . 13% 12% tle 504 49% Pacific Develop Pacifie G & El. | Pacinic Oil ! Packurd Mote | Pan-Am Pete. i Pan-Am P (B) | Fanhandle Penn Seabd Stl. | Pennsylvania. .. i Penn Coal & C'ke ple’s Gas > Marquett adelphia Co Phillips Pete. | Phoenix Hosiery | Arrow. | Pieree-ar pf | Pierce Ofl 1 Pitts Coal pf.. 3T% 47 6614 43 13 820 4y 9ty 9% a% 121 6% 557 1017 1215 €8 5474 1025 1011 129 127% 67 665y 28 ap Tr See w wpTr Sec pf wi ¥ Con Cop ep Ir & Stee eynolds Spr ¥ Tobac (B) toval Duteh t doseph Lead. t L Southwn t L South pf il St Arms AlrL uck. Shattuc : hell Union. ... imms Petrol. .. 1z abourd relair Oil inclair pf. .. 1y Oi1 p heflicld. . South Pacit | L Rwy, { Southern Ry pf. I‘m«u s Co. .. ISt oil of Calir... | Stoil Calif rts.. 813% | Stand Oil of NJ { St Oil of NJ pr.. terling Prod. .. teel&Tube pf Stew't-Warner. Stromb'g Carb.. 86k | Studebaker. ... 1241 { Submar'e Boat.. 1a% | Sweets Coof AL. 14 115 50% 6074 3315 67 224, 540 3o 40% 116 6215 99 119% Tenn Copper. ... Tex Company. .. Tex & P C Ol Third Avenue ! Tide Water Oil. . Timken Bear Tobacco Prod. Tobac Prod A. .. Trans Cont Oil. . Twin C R Tran. . Union Bag & I'.. Union Pacific. st United Frui Utd Pap Bo: United Ry Inv Utd Retail Strs. . U S Hoffman M U S Indus Alco. . U S Rubber . U S Rub 1st pf ... 103% U S Smelt&Ref.. 36% USSteel....... 1074 U S Steel pf..... 113 Utah Copper. ... Tl Utah Securities. 19% 4 15 461 21% 94" 30% 20 4275 104 36% 106% 118 71 19 40% 15% 46 21% 10 30% 20 42% 112% 12% 28% Vanadium Cop. . Va-Car Chem. .. Va-C Chem pf... Vivadou........ Wabash........ Wabash pf (A).. Wabash pf (B).. | Waldorf Sys.... West Elec pf. ... 112% Western Md. ... 124 Western Md 2d. . §23% West Pacific.... 17 Westhse EI&M.. 59% Westhse 1st pf.. 72 Wheeling&L E.. 9 White Eag Oil.. 28% White Motor. ... 574 | White Oil....... 4 i WilsonCo...... 85% i Willys-Overld.. 8t | Will's-Overl pf.. 67 | Woolworth. ... 2164 { Worthington... 38 | Worth'gton(B). 68% | Wright Aero.... 9 Youngstn Tube. 70% 427 112% 1123 120 12y 231 23y 17 17 59% 594 72 72 9 28% 58 20 L3Tw 66 29% 27 3% 118% 15 8 3% % 21 32 41 26 | 90 ¢ 4 85% Bl 67% 216% 216% 381 38 Call Money. . 93 | HOURLY SALES OF STOCKS. 40% | 1am... 14k 1pm 824 03 | 35%‘ STOCK BROKERS ON TRIAL. ;g;fi! BALTIMORE, April 9.—Four mem- 1y | bers of the firm of Smith, Lockhart & |Co. former partial-payment stock 22%!““".“ house of this city, which ®1 |failed in August, 1922, for almost 1% $3,000,000, went on trial in criminal 88% | court today for alleged comspiracy to fomjdefraud. The accused men are R. 0% | Tynes Smith, jr.; Allen B. Lockhart, 3515 | R. Earle Thomas and Herman Zuesler., 30 | Ail pleaded not gullty and elected triai ... 464200 2pm..... 2300 12m....... 351300 IN BOND MARKET Little Genuine Investment Buying in Today’s Trad- ing—Prices Firm. EORGE T. Special Dispateh to The St NEW YORK, April 9.—Bond quota- tions were steady to firm today, but the market was very inactive. There Wwas very Jitte genuine investment buying and until there is a revival of demand from this source minor fluc- | tuations in prices is not of very much account. Demand today was mostly for bonds legal for savings banks. This class of security seems to have been pretty well liquidated and for the present the price seems to have gone low enough. Northern Pacific prior lien 4s are a good example. They sold today a point and a quar- ter above Saturday's price. 1llinois Central collateral trust 4s of 1953 gained the same amount Other Rails Sell Highe Union T'acific refunding 4s were up point and Union Pacific first 4s sout half a point. All the Atlantic Jast Line issues did better, includ- | 5 7 per cent notes of 1930, i HUGHES, | the 7 Other first-grade ralls to sell higher included Lake Shore 4s of 1931, Cer tral Pacifie first 4s, Pen general 41zx. Louisville and M unified 4x. Delaware and Hudson funding and Michigan Central debenture In one pressive. {ings banks, chusers o I not_bel { decline s 1s respect ns are im- the sav- the pur- these hey show that who are chiefly this grade of security, do ve there is any prolonged ahcad for the hond market. B. & O. Insues Active. Among the second-grade issues the obligations of the Baltimore and Ohio Were conspicuous, with the Toledo and Cincinnati Division 4s up nearly 4 point. the general 4s up half a point and, the first 4s selling above 77, In short term bonds Chesapeake and Ohio vertible 4tge and St | Louis Southwestern consolidated s Were firm. Chicago and Eastern 1li- wois 5s and Erie prior lien 48 were also up. The foreign list with the Czechoslovak Anton Jurgen 6 French bonds Libertys coept the Tr considerable day OPENING IS FIRM IN COTTON MARKET Week Starts With Higher Pr?ces Due to Unsettled Weather Conditions in South. gl continued steady, 88 und the gaining fractionally. held well also. were dull and lower, ex- sury 4%s, which showed strength’ early in the By the Assor Press. NEW YORK. April 9 Liverpool cables —Relatively and rather un- conditions in the otton market a firm and first points higher on house buyin 30.00; Decem fir {settled )uth gave the tone at the were weather o opening today 1 to commiss prices trade and Futures on firm—Ma October. opened 10 Januar; attracted considerable which caused some irresu A the undertone of the mar- | ket was steady during the early trad- ing. with July holding around 29.10 ¢ id October 5. or about 19 to net higher on the general list ate cables said the advance in | Liverpool was due to covering on the ullish’ statistical position and un- | avorable reports regarding the new | crop start. Spot sales in the English | market were larger again, amounting | {to 10,000 bales, including 4.000 bales for export. but only half the business was in American cotton. Rains were reported in eastern belt sections, and the early forecast was for partly cloudy weather in the west, { probably showers in western advance 9.—Cotfon . 29.44; July, December. 24.92 NEW O opened steady 28.49; October. Janu 24 Almost tionally good cables | {and what was generally considered | to be unsatisfactory weather over the | {belt put the cotton market higher; today. the active months gaining 18| !to 36 points in the first half hour of | business. May rose to 29.5 and October to 25.32 a pound. NEW VORK, April 9. May. 30.0i: July, 29. Deécember, 2535, ORLEA April . 29.30; July, 28.9! December, ' 24.82; January, Steady. Vixible Grain Supply. NEW YORK. April 9.—The visible supply of American grains show the lowing changes: Wheat decreased 00 bushels. Corn decreased 1,- 1000 bushels Oats decreased 000 bushels. Rye increased 158,000 | bushels. Barley decreased 97,000 bushels. Apri Ma 30 1:45 am. October, October, | 24.68 | 1407 OPPOSE HIGHER RATES. Witnesses Score Demand of Ra way Express Company. Contesting the demand of the Amer- n Railway Express Company for |rate increases, witnesses representing iwestern state utilities and railroad commissions today presented evidence ibefore the Interstate Commerce Com- {mission intended to show a present ilevel of express earnings in the west | higher than the commission’s reason- {able standard. { U. Grant Powell of the Nebraska ‘commission, representing twenty-three |states west of the Mississippi, de- {clared the express earnings of that Iterritory were now nearly twice the: {standard return level the companies should be permitted to make under ;llresenl law. NEW GRAIN ESTIMATES. | Winter wheat production this year [was forecast today by the Depart- ment of Agriculture at 572,317,000 Dbushels, and ryve at 75,784,000 bushels, compared with 586,204,000 bushels of | winter wheat and 95,497,000 of rye last 1¥“Fhe forecasts were based on the | condition of the crops_April 1, which for winter wheat was 76.2 per cent of | a normal, compared with 78.4 a year jago and 84.1 the ten-yvear average, and for rye, 81.8 per cent of a nor- mal, compared with 89.0 a year ago and $8.6 the ten-year average. The winter wheat area sown last fall was 46,069,000 acres, compared with 47,611,000 sown in the fall of 1921, of which 42,127,000 acres were harvested in 1922, while the rye area was 5,508,000 acres, compared with 6,210,000 sown in the fall of 1921, “WOOL TRADING LIGHT. BOSTON, April 9 (Special).—Trad- ing In raw wool was not heavy here today, but prices continued strong. Much of the inactivity here was due to the fact that several big manu- facturers have gone direct to the growers for wool. The American Woolen Company, for example, is re- ported to have cleaned up 400,000 Pounds of Tdaho wool at prices rang- ing around 13% in the grease. WASHINGTON, D. C i Anaconda ev db tArmour & Co 4 | DuPont de iN Y Edsn 1st 6145, INY Tel 4%s. .. MONDAY APRIL 9, 1923. BUT FEW CHANGES |[e=~=v xorx BONDS sroc exciaa] Received by Private Wire Direct to The Star Office. For Revised Clos: of Bond Market see 5:30 Edition of The Evening Star. RAILROADS. (8ales are in $1,000.) UNITED STATES BOND:! (Fractions represent thirty Example: -101-1 means 101 Sales. High. Low. Lib3%s...... 118 101-4 101-1 101-1 Lib 1st 434 s 63 97-28 97-22 97-24 Lib2a43s... 313 97-29 97-15 Lib3d4%s... 184 98-20 98-15 Lib4th 4%s.. 380 98-3 97-24 Victory 4%s.. 15 100-2 100-1 100-1 US4%s1952. 331 99-5 99- 99-1 FOREIGN. High. 102 99% 9515 Close. 101% 99% 95 100 90% 8 81% 93% 1017% 100 100% 99% 929 103% 102% 108% 30 99% 89% 108% 97% 4% - 94% 88% 98%% 94 96 92% 8116 81% 78 78% 56Y% 35% 85% 99% 111 98 4% 79 106% 100% 9314 91 98 98% 86% 69% 79% 104% 118 114% 103% 90% 1054 12 Low. 101% 99% 95 99% 90%% 8 807 93% 101% 100 100% 9914 ¢ 98% “ooe 103% < 102% 103% 8916 99Y% 881 108% 96% 94% 94 88 9814 937% grre‘n(lno 7 elgium 714 Belgium l;‘. Belgium 8s. Bolivia8s. . [} Bordeaux 6s. ... Brazil 7s. ... Brazi] 8s Brazil 7. ... Canada 5x 1926 Canada 5155 1929 Canada 58 1931, Canada s 1952, . Chile 851946 Chile 851926 Chile 85 1941 : openhagen 515, Cuba 5l w . Czechoslovak Denmark 8s. . Denmark 6s. . Dutch East I 65 Dutch East I fs Framerican Ti4s.. 9 8§8% French Govt 8s. | 98% French Govt 71;s. 94% Haiti 6s ctfs.. . . 96 Japanese 1st 4 igs] 92% Japanese 4s. .. 81% Jergen U M o547, 811 Lyons 6s. 8% Marseilles 6. 78% Mexico 5s. 56% 36% 85% 99% u1 98 74% 79 106% 1007 9314 94 98Y 987% 865 69% 79% 104% 118% 115 104 - 90% <. 3105% SR MISCELLANEOUS. Ajax Rubber Ss... 13 98 Am Agr Chem 71, 54 Am Cotton Oil 5 Am SmI&R 1st 35, Am Sugar Ref bs. | Am T & T el tris. AmT& Teltrds.. s 103% 90 99 8914 108% 97 9474 94y Netherlands s Norway 8s. Norway 6s. -Med 6s Queensland 7s Queensland 6s. . . . Rio de Jan 8s 1947, Rio Gr Do Sul 8s. . St0 Paulo,City,8s . Suo Paulo,State,Ss . Seine, Dept of, 7s Serbs Crotes Slo 85 oissons 6s weden Gs. .. .. Swiss Confed §: Ud Kingm 512 ‘29 Ud Kingm 515 °37 Ud Steam Copen 65 Uruguay §s Zurich Ss. 27 S 8 31 63 1 97 100% 66 8874 1015 967y 91% 102% 9714 811 9Tl 98 94 89 97 107! 9512 8874 99 144 100 97'% 100% 66 &9 101% 97 91%, 103 971y B4 974 98 94 &9 974 108 Anaconda 1st 6s Atlantic Refin 5s Bell Tel 1'a 58 rets, elrt €el pm .. Beth Stecl s f 6s. .. \ Edison ¥n Ed gen . Bush T Bldg 5s'60. Central Leather 53 Cerro de Pasco 8s. Chile Copper 6s. . . CinG & 5las 62 Con Coal Md 1st 55 Cuba Dery (D G) 7 . Det Edison ref 6s. S e g e Duguesne Lt 71 Duquesne Light 6 i Cuba Sug 714x Impire F&G T1e Fisk Rubber § Gen Elec deb 5s (ien Refractes s Goodrich 6135 Goodyear 8s 19 . Goodyear &s 1941 Humble O&R 5138 Indiana Steel 5 Int Mer Marine 6 Int Paper 1st 5s A . Int Paper 1st 5s B. Julius Kayser 7s Kelly-Spring Lac S 5s Liggett & Myers Ts Liggett& Myers 5s Lorillard (') 3s. Lorillard (P) 7= Manati Sug st 7 Mar os. . Marland O 7145 w. Marland Oil 85 w Mexican Petrol vale Steel 5s. . . Montana Power 53 Morris&Co 1st 415 New Eng Tel 5s o PPPYOE- Y -~ PPP PR r i PR ROV PO CPISY ERR -yl JRTOTORY et~ 114% 043, 94 114% 991, 101 15715 NYG EL H&P 5s N Y Tel 6541, = e N Am Edison 6 N States Pow % Northwst B Tel 7s. Otis Steel 8s. Pacific Gas & El 55 PacT & T 55 '52. Packard Motor Phila Co ref 6s A" Plerce-Arrow 8s. Producers & Rf §s Public Service 5s. . Punta Alegre 7s. .. Sinclair Oi1 7s..... Sin Crude Oil 515 Sin Pipe Line 55 South Bell Tel 55 St Ol of Calif 7s. . Steel & Tube Ts. Tenn Elec Pow 6s. Tide Wat Oil 6 Tobacco Prod sf 75 Toledo Edn 1st 7s. Union Bag & P 6s. U'S Rub 1st rf 55 U S Rubber 73%s... US Steel s f 5s. Utah Pow & Lt 5s. Va-Car Chem 7s... Va-Car Chm 73%s v Warner Sugar 7s. . West Union 6%s. . Wickwire Spen 7s. Wilson & Co 1st 6s Wilson&C ev 7% Wilson & Co ev 6s. Winchester A T%s 93 103% 1034 106% 97 86% 1061 102% 877 913 831 1021 1077% 94 99% 3 101% 101% e B. & 0. LOSES CLAIM. Government Cannot Be Made to Pay Over $27,117. The government cannot be required to pay the Baltimore and Ohio Rail- road Company, $27.117 for the con- version of its transfer shed at Locust Point, Baltimore into a barracks for the use of the War Department dur- ing the war, the Supreme Court held today, finding that there was no writ- ten contract or agreement requiring payment. The railroad contended that the work was done at the request of certain Army officers, by direction of the Secretary of War. When the War Department refused to make any payment the railroad took the case into the Court of Claims, which de- cided against it. 2 —_— FOREIGN EXCHANGE. April 9, 1923—12 noon. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. toda. London, pound. 4. )(un'!rfll. doll; Warsaw, “openhagen, Christiani Stockbolm, Sales. Atchison gen 4s Atzhison adj 4s Atlantic C L 1st 45 Atlantic C L ol 45 Atlantic CL 4154 B&Oprinays. . B & O gold 4. Ein TR X Ocv 4igs. B& Oref 5. B&O L & O SW diy 3 B & O Toleao 41 BKlvn R T 45 26, BKlyn R T gg Bklyn R T 54 Bklyn R T 75 BKIRT 75 21 BEI RT 7575 Canadian N, Canaq cirs. Chi B&Q gn 44" Chi B&Q Tt r, Ghi B&Q Tut re Chi G Chi Rys 5 ChiRT& Pacrf 43 Chi& WInden s CCCESE L rf 65 Cleve Term 51, Colo & Sou 415x. Dl & Ha dst pf 4x :»»1&- nuum..r;,: . en&Rio G eo D& RGist rf”:s Det United 415« EEfs isticoniss. Erie con ext 75 egen qs, . rie cony 45 A Gr Trunk <2 ab 4s North gen 5155 Bud & Nar vet oy Hud & Man “j oS 1l Central 515« Int Rap Tran 5« Int R Transit 7« Int & G No Kan City 1s ¢ Kansas ¢ Kan City rm 4s Lake Shore 4« : Long Island rf 4= Louis & N uni 4x Louis & Nash 51, Manhat Ry < Market St en 5s Ml EIRy & L 5s M&StLrfex os M& St L Istrf 45 MStP & SSM 6 MK &Tistds. . MK &Tprinssa MK&T4s B MK&T MK n is fic gn 45 NOTex & Min 55 Y Cent deb 6s Y Cent deb 4s Y Centrigs ven cd bs. New Hav, . Y State Ry 4135, Y W & Bos 4125, Norfolk & W cv 65 Northern Pac is orthern Pac 4s orthn Pacr i 6 Northern [ Northrn Ore & Calif 1st.55. O Short Len 5s '45. Ore Short Lref 4s. |Ore-Wash 151 rf 45 { Pennsyl gen 5s Pennsyl gen $1z5 syl Gips, Pennsyl gold 7s. . Pennsyl con 414« Pere Marq 1st 5s. . ret Rapid Tran 6s w i Reading gen 4s RIArk & L4ty | San A & Arn P cab'd A Lref 4s eab’d A L adj 5s Seab'd A L con Sou Pacific ev 4s. . ou Pacific ref 4s. . ou Pacific clt 4s. | suthern Ry 1st 3s Southern Ry #n 4s Southern Ry 6:s. Third Ave ref 4s Third Ave adj 5 Union Pac 1st 4s. Union Pac 1st rf 4s Union Pac cv 4s | Virginia Ry 1 ¢ | Wabash 1st Wabash 2d 5 Western Md 4 Western Pacific Whel &LErf 41, Wheel & LE cn s Close. 8616 8 85% 80% High. Low. 86 8 85 8% 84% 95% 20 2 16 95Y% 6% 4 100% s 21 10312 78 79 66 s4% 24 118 24 130 9 4 4 39 S 10 38 10 TOTAL SALES (Par Value): 1lam. 1pm.. 3125000 8067 000 12 noon. 6488000 2p.m.. 9801000 STEEL WAGES RAISED. Carnegie Company, Announces Ad: vance at Youngstown. YOUNGSTOWN Jvage increase per cent for all nounced today by the Carnegie Stee sidiary of Corporation. fective April 16, in all United State: not_be learned he ent. steel companies o follow Company. If this 20,000 workers wi SHARON, Pa., three steel mill: the United States were notified late increase of appre for common labor of the Ui Whether the inc: R scale common labor will be paid cents an hour. as against 36 at pres- and_other cla will receive pro ra It is believed that the independent district will | the action here, subsidi: Ohio. April approximatel employes was an- the local offices of 1 Company, a sub- nited States 11 se. which is ef- 11 be carried out s Steel plants could re. Under the new 40 es of employes increases f this of the Carnegie belief is borne out Il be affected April 9.—Heads of ries of Corporation, today that a wage imately 11 per cent will go into effect Steel on April 16 and that all other wages will be equally adjusted. BAR SILVER LONDON, April 321-16d_per ounce. cent. Discount 'V/.nzu per cent; QUOTATIONS. . — Bar _silver, Money, 21; per rates: Short bills, three months' bills, 213a21-16 per cent. NEW YORK, Ap. silver, 66% ril 9. —Fore Mexican dollars, 50 BUTTER PRICES HIGHER. CHICAGO, April creamery _extras, extra firsts, seconds, 46a46%. Eggs, case: 23a23%; miscellan 47%;a458; unchanged; firsts, 243a25; ordinary firsts, 9.—Butter, higher; 481 standard, 48; firsts, 47a47%; receipts, 33,481 eous, 24a24%3. PARIS PRICES EASY. PARIS, April 9.—Prices were easy on Se cent rentes, 77 centimes. Five francs 72 centime: the 'bourse today. francs 47 Exchange on London, per ' cent Three per centimes 69 francs 20 loan, 74 8. The dollar was quoted at 14 francs 8 centimes. Ba% | Steel | i price record | vance, FINANC Grain, Produce and Live Stock WHOLESALE MARKET. Receipts of poultry this morning were light. Such is ususlly the case Monday morning, shippers not stari- ing shipments on Sundays. Vrices today were about the same as at the close of last week, broilers being most expensive, prices quoted being 65 and 70 cents a pound. Meat prices are about the same as last week. Cool weathe served to delay skipments of that apiec Hens started laying earlier this sea- son than usual. They also have start- s earlier than usual, it is re- ed, making receipts light. The rket was strong on both butter and can- cipts, Live poultr: turkey, per Ip,, per 1b., Goa6; 40a30; keats, y 1b., 28, Roosters, per 1b., 18: 30a40; sprinz chickens, winter chickens, per 1b., ts, young, each, 60; fowls, per resh-killed spring winter chick- er 1b., 32a33; keys, per 1b., . young, cach, T —Calves, choice it Sad iy ing, per 1h live hogs chiclkens €ns, per 1h, mediun, per 1b. apefruit, A Potators, per bbl., No St 00 Crate, southern tuce, per crate tue z eal Lettuce, per in Lggplants, ymatocs, per box, ans. 3.00a5.00 per per basket. P Fidaa, 2.0 Flo i Squash, routs da lima April 9 (Spe- Yan i Lettuce 100 pou box. 4300, Oranges Strawberries, quart & Prices at 1 1 red winter, red winter ter, spot. no q oy W corn act. spot spot track corn new, 4.50 per b r bushel no guo bust hundr and eighty- white. at 883, mixed at &9 bushel. per bushel; S0ty No. per DAIRY PRODUC BALTIMOF winte a6, old hen nearby i duck firsts, eggs southern, CHICAGO LIVE STOCK MARKET. CHICAGO, April o (United States epartment of - As I 8 ure).—Ho ostly 10 to 1 aver sows n packin smooth : packing sows, 10a7.25; killing pigs, 6.50a7 Receipts, 23,000 head ecf steers: few 15 cents lower bidding generally 15 to cents lower; g to choice he steers in best demand; early top ma- tured steers, 10.00: some held higher: bulk beef steers of quality and condi- tion to sell at ; she stock quality considered weak to cents lower: veal largely cents off: other cl bulk desirable rl ows rougk. 7 Cattle little done sales around 25 cents o bulk bologna Sheep—Teceint 000 head; Jamb slow: bidding .25 cents or more lowe no wooled or spring lambs sold e choice light wooled fed lambs 14.50; zood $3-pound shorn lambs, cents lower. at 11.50; sheep sc: firm; best 109-pound’ shorn ew bulls, 4 TODAY'S CHICAGO CHICAGO. Aprid and oats today all for the wheat seedix as a bullish factor in the wheat market, and too, did ab- ence of rain in western Nebraska and western Kansas. Besides, higher quotations at Liverpool tended to stimulate general buying. which more than offset the effect of profit-tak ing sales on the part of many holders Opening prices, which ranged % to 134 higher, with M 1.24, and July. 1.20% to followed by & slight re then by 4resh upturns. Corn and oats sympathized wheat strength, and were also in- fluenced by _cold weather delaying field work. < in the corn mar- ket was on a d_scale. After opening unchanged to % higher, May, 7% to 7712, the corn market scored further PRICE: -Wh touched ness of counted northwest with % decline to % ad- 453 to 45%. and later showed an advance for ali deliveries. Lower quotations on hogs weakened the provision market WHEAT Open. Hi July X Septeminr CORN May July Lol Septeniber .. OAT May 10.10 1047 I. C. C. APPROVES RATES. Present rates maintained by rail- roads- on wool and mohair movin trom New York to Boston were held reasonable today by the Interstate Commerce Commission, which dis- missed a complaint by the Boston Weel Trade Association. per | IAL, FEAR FURTHER RISE INPRICE OF SILK § Raw Supplies About Normal, , But Demand Is Far Above Normal, Dealers Report. | BY J. C. ROYL al Dispatch to The Star, NEW YORK, April 9.—The suppl of silk available for manufacturers in the United States today is n normal. But the demand is far abo | normal, and the that prices in three before Ju Elliman importers the e is every indication now at the highest point will go higher cocoons spun years, the new even & Basch and d situation tc large raw il s, in outlining declared they would not be surprised if prices were to hold up even after the new sup- Dlies e available., Improvement in the position of raw ilk may be estimated by comparison of vri and those of April date XXA 13-15 s quoted at $6.25: K nd Canton 13-16 prices approximately $4.10 and $8 Building Aids Silk Dem increased “is due n and of silk gno ers, but to the volume « construction. The numl required for insulation 1 Tephone and radio wires 1 . ased 14 u remarkable degree. T! need can v be filled by real silk ’ of the artificial s it 1 tremendousty Elliman s rved industry as {real 1 to produc the rtificial silk had nc e demand for might be greate mption in s beyond countr availal srowing present condition of t the highe workers of folk a ks in greater quantiti fore.” Rexerves Being Used Up. prosperous the 1d powe to n principal warehe farch amounted to ing a total « on April 1 ami ales, mal Stocks .35 Lales extent whic 4 delivered t mills, more bales an were imported. ts in 1922 amounted 0 bales a month and not much more than that amou n be counted on this month tha shipped in Mar; pounds of artifi d the extent put of this product has grow {shown by the figures for 18 totaled 24,406,000 pounds Silk Goods Weavers Show Profir. sres which have never handie: priced goods before mnow are heavily with silk goods and cloth manufacturers in gener: in splendid positic Profits of Mallinson Company are expected exceed those in 1922, and the s of Julit the fscal y zust 31 probably will establish {high record for that concern, If ir ventories are listed at a conservative e level. Rating the inventors jvalue of silk at $2 a pound helow the current quotations, the earnings ¢ Julius Kayser € months_ending . mors th for n stock dollars in_merchandise expected to flow in of Pacific coast me ts and distributors this week a- of the rains which ha six weeks' drouth in centr northern California and whic) improved the crop outlook San Joaquin valley and other cultural districts, mers ar ordering lumber, seed. hardware an. jfarm implements in ast quantities orders bank eposits cha | have the agr st Labor Shortage Grows. ST. PAUL. April ! resumption of work urion passenger station h shortage of common skilled construction woi {perts fear. will becom: oth ding _oper: 1 nd creased wages are de clared 1o certain. State officials I'said today that the general labo in this state is unpreceden shortage ed at this season of the year June. Start Biz Hotel in DETROIT. April % (Special).—Wor the nd Statler Hotel he h st £10,000,000 and cor 1s, will commence early The activity of buildix indicated by a report by the of deeds showing that the number of deeds and mortgages re | cordea the last month was about double the number recorded in Margh s revealec sute wher s get way wh will tain 1.800 in June here is register an $1,000,000 Gas Plant. SAGINAW, Mich, April 8 (Special) Contracts have been awarded construction of a $1,000,000 gas pl which ected between inaw and which serve 1.C.CFXES VALUE ONTWO BG RDADS Great Northern R. R. Valued at $395,353,655—Delaware and Hudson, $95,834,979. spots, | a both wil ) A tentative valuation of $395,35 655 was fixed today by the Inte state Commerce Commission upon the orthern railroad it Jargest railroad property be valued by that body. The estimate did not include. how ever. securities other roads held by the Great Northern and having 2 par value of $192110504 and a timated net asset value of $2 317. The Great Northern itself in a: stimate Inclusive of these holdings had placed its total valuation at $607 The corporation valued it: own railroad at $384,273.853. whici was slightly less than the valuation by the commission A tentative valuation of §95,534.9 was announced for the Delaware and Hudson system. The par value of outstanding stocks and bonds of that road is $106,127,600. n the Delaware and Hudson valus tion the commisston excluded fro consideration certain coal land holc ings and non-carrier property of the corporation, and complete figures fo these were not given. The Delaw and Hudson Company estimated its own investment in railroad operation at_$143,723,839. The largest part held by the Great Northern consists of a half interest in the stock of ‘the Chicago, Burlington and Quincy rail- road, which the Great'Northern owns jointly with the Northern Pacific, and against this holding of stock, §107g 13,500 in Great Northern bonds ha heen issued. The commission’s fig in today's ~ estimate of the ( Northern covered 9,391 miles of rail- road and 144,342 acres of land, lying stem, yet to Great of the securities 2 acr in the northwest tier of states.