Evening Star Newspaper, April 11, 1923, Page 27

VOLENT DECLN INOLSHARES Gt in Crude Prices Finds 'WaII Street Unprepared. Rest of List Unsettled. ' i BY STUART P. WEST Speciat Dispatch to The Star. NEW YORK, April 1l—Another yiolent decline in the oil shares was the feature of today's market, Wall street had not bee prepared for the Z5-cent reduction announced in Pennsylvania and the 33 per cent cut In Kentucky crude oil prices, and here was o rush to unload these stocks which broke ~down all re- sistance. Sentiment regarding the oil trade seemed to have undergone w reversal over night. Instead of the optimistic talk regarding the earnings of these companies, everybody was speaking about over production and Increasing competition ¥ The greatest losses in the oil groun were sustained by Houston and Cali- fornia Petroleum, the two which have had the largest advance. But the sell- ing was auite as urgent in Marland Ofl, Cosden, Producers and Refiners, Phil- lips Petroleum and Skelly. Other Shares Under Pressure. The extreme weakness in the oils necessarily afforded a rather severe test for the market as a whole. Un- der this test parts of the list stood up well and others not. 1 One of the best xupported sections was the sugar stocks, and here the developments of the day were distinet- iv bullish, including a further rise to :w_hizh levels in sugar prices and resh confirmation of the lowered es- timates of the new Cuban crop. During the greater part of the time the steel shares did well as com- pared with other groups, and so did most of the rails. Canadian Pacific distinguished itseif with a jump to ( 150, where it was only half point highest “of the year. special buy arquet away from S There were evidences ing operations also in F Pittsburgh and West Virginia and Wabash A, operations which were only ready to show, however, when the rest of the market gave them the chance. Tobaceo Products issues acted in a manner to bear out reports, belleved to be trustworthy, that new Interests have entered the market in these stocks. Today's Financial Review. The stock market today held the center of the financial stage and the whole story of the market centered cduction in oil prices in the civania and Kentucky districts and the consequent break in the oil shares. This episode. however, was much more important as an Immediate fac- tor speculative calculations than {t was as a consideration bearing upon general business conditions, It has long been known that oil production on the Pacific coast was excessive and the cut in prices an- nounced Tuesday by Standard Oil « Calffornia occasioned no surprise. But it did never the less constitute a threat of increasing competition for the ofl producers east of the Rock mountains and _this undoubtedly was recognized In the action of the Penn- sylvania and Kentucky oil interests today. At the same time while there is such overproduction in ofl fields as exists in the California region, it is a fact that recently output has got ahead of demand and the price cut announced today had the additional purpose of correcting this condition before it became ro Wall Street Features. Martin Parry directors next week are expected to increase the dividend om the present $2 rate to $3 annu- ally. Martin Parry is reported do- in an excellent busines but the main reason for the strength in the stock is the dividend prospect. The expectation is that White tors for 1923 will report carnings most double the net income of -ap- proximately §7 in 1922. Last year the ©_was operating on an aver- per cent of capacity, while now it is =aid the plants are practi- cally at full capacity. The attention which has been directed in the several Mo- months to the securities of other leaders In the motor truck field has left White more or less out of the public exe. Moreover, White has not had the advantage of strong sponsor- =hip in the streef has Mack Trucks. After nearl k of dedline ster- ling exchange It was two cents in the pound above the Tues- low. Francs were stronger also, and marks continued just under 4 1000 of a cent—the approximate fig- ure at which they are supposed to be Strong Spots in Afterncon. There was further heavy selling of International Paper. despite the as- surance by the president that condi- tions in the news print industry have been very much Improved. It s hard for the street to get over the $17,001 000 loss for the last two years. In the carly afternoon the market steadied all around and here and there strong spots stood out. One of thesa was General Motors, in which buving has been going on quietly for e time, induced by highly favor. estimates of what the company earning. Dupont stock, as repr: senting the big interest in General Motors, i shares, which had strong. all through A yvll!nl{.bt‘kma'-dn\\'n in the afternoon, but United Steel common held firm. i . CREDITORS TO RECEIVE 100 CENTS ON DOLLAR YORK. April 11-—Receivers Eastern Potash Company of J., today announced plans rganization of the firm, creditors will receive 100 cents on the dollar. A company will be organized to take over the firm's assets, giving creditors stock in the new company in payment of their \claims against the Eastern Potash Company. INJUNCTION PUTS BAN ON TOBACCO FINANCING NEW YORK. April 11.—A m, the _stockholders of the Dorts “Rican Tobacco Company to act on a . blan for recapitalization which was called for today was postponed by injunction proceedings. The plan i volved the issuance of 150,000 shares of 7 per cent cumulative preferred ($100 par) and 15 shares of nom- voting no par common instead of 100, )ooo shares of capital stock (3100 NE for th Karitan, ot GLASS PLANT SOLD. PITTSBURGH, April 11 (Special).— The Heidenkamp plate glase factory at Springfield has beerl sold to Pitts- burfh, Chicago and Philadelphia cap- tallsts. The factory will be enlarged and the product sold to jobbers, Pur- chase of this plant by jobbing in- terests leaves only three plate glass factories in the district whose p: uct is for general sale, the others having been taken over by the auto- mobile and jobbing trades. —_—— LIVERPOOL COTTON. LIVERPOOL, April 11.—Cotton— spot limited demand; prices, weak. ;00d middling, 16,08 fully middling, middling. 15.83; low middlfng, 4 15.58; good ordinary, '15.08; ordinary, 14.78. Sales. 7,000 'balés, including 4,200 American. Receipts, 24,000 bales, including 5500 American, Futu «losed steady. April, 15.39; May, T 15.18; October, 14.00; arch, 13.38. anuary, FINANCIAL. Received by Private Wire Direct to The Star Ofice For Revised Close of Stock Market see 5:30 Edition of The Evening Star. Open. High. Taw. Close, Open. High. Low. Close. Adame Express. 7Tow To% 12% 12K |LoewsInc...... %o~ Tio" o b Afr Reduction.. 8% 69 68% 69 |LoftInc. -8 8% 8L 8% Ajax Rubber. 14% 14% 14 14 | Lorillard pf. 118 118 113 113 AlaskaGold.... ~ % % % 4 |Loose-Wiles.... 64% 064% 64 64 Alaska Juneau 1% 1% Ll 1% Alifed Chem. . .. y Muck Trucks.... 914 921 89% 89% Allis Chalmers, Macy Co. . - 684 66% 66 66 Aniag s Magma Copper.. 34% 85 84% 85 Am A® Chm pf. ManatiSugar... 69 70 68 70 Am B Note pt. ManhatElSup.. 68 59 -58 59M Am Beet Sugar ManElinvguar. 41% 41% 41% 41% UAsy 48 47 Manhat Shirt... 454 43% d45% 454 . 7% 7m% 77% 77%|Marland Ol 56 G4 50% B1 m vee..i.. . 96 96% 94% 94% |Marlin-Rockwl. 9% 10 9% 10 {Am Car & Fdy.. 178% 178% 178 178 |Martin-Parry... 86 87 06 A6 AmCar& Fpr.. 120 120 120 120 [Mathison Alkili. 57v% &7%, 68% 5% AmChalnA.... 24% 24% 24 2% | Maxwell (A).... B7 58% ' R6% BSW y Am Cotton OI1... 14% 14% 14 14 | Maxwell (B) 20 ‘19 19% Am Cot Ofl pt 25 25 24% 24%|May Dp Store 2% % T2 Am Druggist. 6 8 6 6 | McIntyre Por. 19% 19% 19% Mex Seaboard... 184 184 174 174 Mex Shd ctfs 17 17% 16% 16% MiamiCopner... 27% 27 274 27% Middle St 011, 1% 1% 1% 1% Am La France.. 12% 12% 12% 12% |Midvale Steel... 1% 32% 81% 81% AmLinseed..... 81 81% 80% 80% | MoK &T (new). 18% 18% 18% 13% AmLinseed pf.. 52 52 BO% BO0% PMK&T nfclA(n) 38% 88% 38% B88% Am Locomo 134% 134% 182% 132% | Mo Pacifle...... 16 16 16 16 AmMetals... ... 5I% B1% 51 51 |[MoPacificpf.... 41% 42% 41% 42 AmRollMillpf. 97 07 97 7 |Montana Pow... A% 68% 67% 67% Am Safe Razor.. 8w f% 8% 8% |Monte'v W'rd 24 24 93% 2% Am Ship&Com.. 17% 17 17 17 |Moon Motors.... 274 a7y 27 27 Am Smelting. 63 684 63 63 | Mother Lode. 1% 1% 1% 1% Am Steel Fd 2 | Natl Acme 140 v o i S 3 Sl 14 14 144 144 Am zuknrl.. 3 [ Nat Biscult wi.. &1% 42 41 4Al% A "runmn: r:‘ S5 Natl Dept Stores. 87 47 27 87 AT &":meg' 13210 Nat] Enamel. 685, GRY. 6RL AR i Telg . Natl TLead. . 128% 128% 128% 128% | Am Tohacco. 152 Natl Lead pf 1 1 111 Am Tobac'(R) 150% Nevad Conner. et ARl o | Nevada Conner. 154 15% 154 154 k vater q INOrTex&Mex.. 95% 97% 954 80% Am WWEE% pf. 58 584 68 [N ¥ Aiv Rral 8 87 {Am Waolen: ©, 100% 1004 98% 98 IRY A B e e imman NY AirBrik(A).. 4Rv, 49 4Rl 49 et INY Central. 9% 82/ B9y Al . N ¥ Dock. 231 28% 28 234 Am Zine&Ld pf. Anaconda...... Ann Arbor pf. Arnold Co : Ass0 D Go AssoDryG2d pf.. Assoclated OIl. . Atchiron Atlantic F FNHEHartt ©Ohio Bdy & Blw. Oklahom Prod. . it . Atl Fruit ctfs Orpheum Cir., Atlantic Gulf Orpheum Cir pf. Atl Gulf pf Otis Steel, Atlantic Ref. . | Owens Bot Austin Nichols Auto Knitter Baldwin Loco. Balto & Ohlo. . Balto&Ohio pf. . Barnesdall (A). Batopilas Min. Reechnut Pack. Beth Steel. . Beth Stl 7% (n) Booth Fish. . Brit Emp St1 Bklyn Edison. k Rap Trn VR T ctfs Bklyn Un Gas | Brown Shoe Burns Bros (A). Burns Bros (B). Burns pr pf(B). | Butte & Super... I Butterick..... Pacific Develop. Pacific G & EL Am Pete. .. Pan-Am P (B).. Panhandle. .. Parrish & Bing. Penn Seahd stl Pennsylvania People's Gas. Pere Marquette. Pere Marq pf.. .. Philadelphia Co Philip Morris. Phillips Pete. . Phoenix Hoslery Pitts Coul. . . Pitts & W V Pitts&W V um Cereal. Pressed Stl Car. Canad'n Pac. Central Leath. Cent Leath pf. Century RibMills Cent Rib Mills pt Cerro de Pasco. . Chandler Mot . Chesap & Ohlo Ches & O pf wi Pullman Co. Punta Alegre Pure Oil. Rap Tr Sec w RapTr Sec pf wi Ray Con Cop Reading . Replogle Chi Mil & St P.. 3 2 Rep Ir & Steel. . Chi MII&StP pf.. 30% 89% 29 839 |pepir&Supf.. i Chi & Northwn. . 4 nolds Spr. { Chi Pneu Tool. . Tobac (B). . Chi RT & Pac al Dutch. Chi RI&P 7% pf. | §t Joseph Lead. Chile Copper. .. Chino Copper Coca-Cola. an Sran. . Southwn. .. ! Colo Fuel. eubourd Alr L Columbia Gas Ilf»: l{;cgugk Columb’a Grap attuck-Ariz. . Col Graph pf. . She 1 Tr&Tran Shell Unfon. ... Comp Tabulat. . Cons Cigar. Con Gas new.. Cons Textile. ContCan....... Continental Mo. Corn Products. . Cosden & Co. Cosdenpf..... Crucible Steel. Cuban-Am Sug. Cub Cane Sug. Cuba Cane S pf.. Cuban Dom’can. Davidson Chem. De Beers e D Lack & Wstn. Dome Mines Shell Union pf.. tmms Petrol heffield. . heff pf outh Pacific. .. S0 Porto Sugar. Southern Rwy. . Southern Ry pf. | Spicer Mfg Co St Oil of Calif St 01l Calif Stand Oil of St Oil of NJ pf. Sterling Prod Steel&Tube pf. . Dupont (ET).... 122 124% 121 123 |Stew't Dupont deb. 88% 88% &8 &8 Stromb'g Carb. . 8 Eastman Kod... 112% 112% 1121 112) | Studebaker. .. . 122% 122% 121% 122 Elec Stor Bat... 63 64 63 63 |SubmareBoat.. 13% 14 13% 181 Elk HornCoal.. 158% 15% 15 15 SuverlvEOHd ?\ l:" :a m Emerson-Bpf.. 26% 26% 26% 26%|SweetsCoofA. X . Endlcott-John.. 72% 72% 72% 12K |TexCompany... 80 60 48 48 Endicott-Jpf... 112 112 112 112 |Tex Gf Sulphur. 60% 60% 60 60 Erle. 12 12 11% 11%|Tex & Paclfic... 254 25% 24% 24% 18% 18% 181 18% | Tex & PCOIl... 19% 19% 19% 19% 87% B87% 87 87% | TimkenBear... 41% 41% 40% 414 9Bt 96% 96% 96u |Tobacco Prod... B8W 58% 57% 67% 51 52 51 52 |TobacProdA... 83% 84 125 126 125 125 |TransContOil.. 8% 8% &% 8% | Union Pacific. D 16% 16% 16% 14% | Un-Tank Car. Fisher Bof Opf. 99 99 9 99 United Drug Fisk Rubber.... 13% 13% 13% 13%| United Frult. Fleishman 88% 38% 38% 38 United Ry Inv 15 Frecport Texas.. 18 18 18 183 {'ta Ry Inv pf 43u GenAsphalt.... 49 49 46% 46| Utd Retall Str: 9% Gen Asphaltpf.. 76% 76% 761 76y |U S CastirP. » Gen Cigar. . 80 90 90 |USIndusAlco.. 68 69 66': 66% Gen Llectric.... 181 183% 180% 1835 | U S Realty. .. 98% 98% 98 98 Gen Elecspl wi. 11% 11% 11% 11%|US Rubber. & 60% 60% Gen Motors..... 154 15% 16% 15%|U S Rublstp 108% Gen Mot 6% debh. 89% 89% 89% 89% | LU SSi B33 Qen Mot 7% deb. 104% 105 104 105 | U S Steel.... 106% Glidden. ... 5 9% 9 9% 915 | U S Steel pf. Gimbel Bros pf.. 100 100 100 100 Utah Copper. Golgwin Corp 6% 6% 5% 64| UtahSecurities. 18% 18% 18 18 Goodrich S7T% 38 37% 9Ty . z | Goodrich p 0% 0% 90U 90 | vanteaema P ATT . S I 1Goody propf wi.. 96% 96% 96% 96% | va.Car Chem Goodyear pf. 50% 50% 50% B0% |va-C Chem pf. Granby Consol.. 29% 291 201 291, Vivadou. . Gray & Da - 12% 12% 12 127 Vulcan D GtNorthernpf.. 73% 73% 73w 73y Great NorOre... 82% 383% 82% 88| Wabash........ GuantanaSu.... 11 11 11 11 |Wabashpf (A).. 30% 30% 30% 30% Guantanamo pf. 98 ~ 98% 97 97| WaldorfSys.... 42 42 42 42 Guif BtBteel.... 384 994 o7 T |Webd Hellbrn.. 10s 10i 14 4 Harbishaw Cab. 1% 14 1% 1% | west Elecpf. HaveoWheel... 38% 30 30 30| \on pacinc... low ot o 10 Hendee Mfg. 19% 19% 19 19 | UERR PACUS T Geie Gew 68 58 Homestake..... 68% 68% 684 68% |\vestern Union.. 111 111 111 111 Houne'd Prod.. 37 87 36% 36%|\yeathse EI&M.. 9% G59% 0% B Houston Oll.... 64 64 62 gs | vesthse 4 At Hudson Motors. 20% 20% 29 o | Westhselstpf.. 72? 2% 2% ,72% Hupp Motors... 26% 26% 264 26w | wice neSLl-- %6 S 8% 8 Hydraalio Stl s 3% 3w an Winte SSEDN B0k Sow sow sew Tilinols Central. 1134 113% 1134 113% | White Oll. 8% 3w 3% 3y ndiahoma. 1 14% 1416 | Wickwire. % 1% 11 Indian Refinin T TV T% 7& W!flyu-OVEI‘lll.. k3 T% 7:: l“"": Inspiration..... 37% 38T 874 87 Will's-Overipf.. 64 64 61k 634 InterbRapTr... 20 20 20 20 |WrightAero.... 9% 9% 9% 9% IntComent i 404 404 40 40 (YounsstnTube. 70% 70% 0% 70% n Combus i Jast, Int Harvester... 89 89 89 89 Call Money. e T IntMMarinept.. 39 39 38% 38% HOURLY SALES OF STOCKS. IntNickel...... 14% 14% 14 14 | 134m.... 434700 13 m 646000 IntlPaper...... B50% BO0% 474 48 | 3050, " " 204100 2 p.m 934 600 Intl Paper (sta). 70 70% 69% 69% S i gl IntShoc. ... 70% T0% 70% 704 s 3 Invineible % 17 17% owing i IronProducts... 64 54 52% 63 UL gt Island Oll. . % % % g TFom Hnrpe;‘- Magazine. : *| An eminent London judge, who fik :;l% gf gu wrote a wretched hand, once sent a 4 note to a friend among the l&w- Jones & L'gh pt. 107 107 107 107 |,.rq geated at the barristers’ table. Kansas& Gulf.. 1% 1% 1% 1% Not being able to make anything nses City .. e ey Sh S ol 2L.[Of It the friend scribbled something Kelly-Spr Tire.. 57% 68% 57 67 absolutely undeciphérable on a halt Kennecott...... 40% 40% 40w 40y |Snect of note paper and passed Keystone Tire.. 9% 9% 9% it up to the justice. The great man ooked somesvhat annoyed at it and o his friend: oS Dubber. 0w son Soi 0% |°“Syhut'do you mean by this? 1 in- Lenigh Valley.. 65 65 ot ré:fi; (o to come and dine with me Lig & Myers.... 197% 197% 194 1 “Ye d the lawyer, “and T i ST Tk 0% [ piieat nat 1 should "o dellghted "to THE EVENING STAR. WASHINGTON, D. C. WEDNESDAY, APRIL 11, PRIGES CONFUSING N BOND MARKET Liberties and Other High-{y, s Grade Issues Lower in Today’s Trading. BY GEORGE T. HUGHES, Bpecial Dispatch to The Btar. NEW YORK, April 11.—The bond market presented & series of curious contradictions today. In general quo- tutions were lower and the tone was weak, There were, however, inquiries ap- parently from Institutions for a few choice legal bonds such ax Cleveland and Plttsburgh 4%s. Althoug listed on the exchange these bonds are al- most entirely traded in over the coun- ter. An Inquiry for a large block of these bonds was reported on & 4.80 per cent basis. Apparently there are funds available for cholce securities, but purchasers are very particular as to quantity and generally as to price. There was also & good demand for prime short-term obligations such us American Tele- phone and Telegraph collateral trust 4s of 1929, which sold up to 92 today. United States government bonds, with the exception of the tax-exempt 8128 and the Treasury 4ils, were slightly lower. Amons high-grade bonds to sell lower today were Canadlan Pacific de- benture 4s and Northern Pacific prior lien 4s. Foreign bonds were firm, in articular Seine 7s, Bolivia 85 and okio & PRICES OF COTTON ' VERY IRREGULAR IWeekly Crop Reports and Weath- er Important Factors in To- day's Trading. Br the Associated Press. ’ NEW YORK, April 11.—The cotton market was rather irregular and un- settled during today's early trading. Early declines were followed by ral- lies In Liverpool. which was rela- tively firm when trading here started. *[and the local market opened steady 1at a decline of 11 points to an ad- Ivance of three points. Cotton futures May, 29.38; July, 28.70; December. 24.93: Jan- ovened steady October, 25.38; uary, unquoted. Private reporis of rains in the southwest and the rather unfavorable showing of the weekly report of the weather bureau helped the tone of the new crop months, but there was a renewal of wcattering near month liquidation, and, after selling at 29.40, May eased off to 20.28, or 21 points net lower. July showed -a similar loss, but the new crop reld relatively steady, within 3 or 4 points of yester- day's closing prices. NEW ORLEANS, April opened steady; January, 25.94; July, 28.65; October, cember, 21.5% irregular market developed in v, owing io conflicting n Liquidation of May con eld the old crops down. crop reports were con- tinued and but weekly ¢ |sidered rather unfavorable and sup- ported the new crops. Soon after the opening prices were 3 points under to 14 points over the close yesterday, | while at the end of the first half hour jof trading they were 20 points under 10 2 points over. May traded as high as 26.99 and fell off to 28.82; October traded as high as 25.00 and fell to 24.87. NEW YOR! bids: May, 2! 25.43; Dece! Steady. NEW ORLEANS, bids: May. 28.65; July 24.85; December, 24.46; January, Steady, COTTON CLASSIFICATION. Data presented at a Department of Agriculture hearing vesterday will be used in the compilation of a second tentative set of regulations govern- ing the classification of cotton and the licensing of cotton classes, as pro- vided by the cotton standards act, assed at the last session of Congress. epresentatives of catton growers, spinners and shippers attended the hearing. Under terms of the act the Secretar, of Agriculture is to interpret the of- ficial standards of American cotton by determining the classification of cot- ton submitted to him for this purpose and by arbitration of disputes as to classification arising out of commer- cial spot cotton transactions. TURNS LOSS TO PROFIT. ]Sluss Sheffield Company Has Net ! Gain of $578,803. NEW YORK. April 11.—The 1922 report of the Sloss Bheffield Steel and iron Company. made public today, shows a net profit of $578,893, as com- pared with a net loss of $1.113,417 the year before. The. 1922 earnings are equivalent, after all charges, taxes and preferred dividends, to $1.09 a share on the common stock. Directors of the company wehe re- elected. BUTTER PRICES LOWER. CHICAGO, April 11.—Butter lower creamery extras, 4 standards, extra firsts, 46%,a46% ; firsts, 45%a: seconds, 45a45%. Eggs_firm; receipts, 21,649 cases: firsts, 25a26'%; ordinary firsts, 23%a April 11.—11:45 am. July, 28.58; Qctober, mber, 24.92; January, 24.65. April 11.—Noon 28.42: October, 24.28, [ 24; miscellaneous, 24%a25; storage ]xlcked extras, 27%; storage packed rots, 27%. $29,000 FOR COTTON SEAT. NEW YORK, April 11—W. P. Stewart of Stewart Bros, hai bought a seat on the cotton exehan, Ifof fll.flofl from the Henry Clews es- tate, The last previous sale was at $31,000. The record price is $32,000. —— FOREIGN. EXCHANGE. April 11, 1923—12:80 p.m. (Quotations furilshed by W. B. Hibbs & Co.) Nominal Selling checks gold value. 5 8085 London. pound ... Montreal. dollar . iv, franc Copenbagen, i batiania, crown © Stockholm, crown . Cautious. From the Pittsburgh Post. There was a sélf-madé man whose plenteous piie was not altogether free trom taint. employed an expensive architect to build him a lordly pleasure house. “I think.” remarked the man of plans, “that you had better have a southern exposure. e man of money grew red and ot po much of th ‘eXposure, ) ot 80 much of mw!ed'." “if you want to retain your contract” 1823 [ermzv vore BONDS 7o secmuvar] Received by Private Wire Direst to The Star Ofics Revised Closs of Bond Market see 5:30 Edition of The Evening Star. | (Salon are in $1,000.) RAILROA UNITED STATES BONDS. ‘Sales. High. Low, Oloss. (Fractions represent irty - seconds. | Atchison gen ¢s 1 86 86 101-1 means 1011-88,) | Atchison adjds... B 78% 78% 78% H Low, OClose.|AtlanticCL1st4s 16 85% 86% Bb% 109 101-6 1013 101-5 | Atlantic C L ¢l 48, g 7% 79 1 1std%s... 22 9728 97-21 97-26(B&Oprin 8%s 8 O6% 96% 95% Lib2d 4y 387 97-28 97-19 97-20| B & O gold .18 77 6% T6% ib 3d 434 81 98-19 9B-15 98-16 | B& O 8 100% 100% 100% Lib 4th 414s.. 150 98 25 79% 79 79 Victory 4 . 11 100-2 9 B80Y% B0% B80% US4%81963. 107 09-7 2 UK T4 T4 e FOREIGN. lg :::2 ::2 ol Argentine 7 5 62% 62% 6 B 3 76 176 16 elgium Bernda, 9 88 B88% 88% Bolivia 33 111% 111% 111% Braail 7 u ne n razil razil 88% 88% B 88% Canada 55 192 32 8% 8Tn 8% Canada 53 s 194 21 82% 82 82 Canada bs 1931 1 B1% b51% b51% 6 23 27% 28 Canada Gs 19 Ch o e 85 1946 Chile 85 192 i Grain, Produce and Live Stock WHOLESALE MARKET. Heavy shipments of South Caro- lina asparagus are being received. The first shipments were received March 15 and dealers expect them to continue until May 1. A shipment of strawberries from North Carolina, the first of the sea- son from the tar heel state. Florida berries ars still being received, the fruit from both states being excep- tionally fine. Floride oranges and grapefruit are not so plentiful, the suppiies being gradually reduced. The fruit is not in such good condition as it was earlier in the season, according to reports, and higher prices rule. Western shippers have about stop- ped celery shipments. Supplies are Stlll being received from Florida, however, and California is sending plentiful supplies of fceberg lettuce. Eggs—gtrictly fresh, selected, can- dled, per dozen, 25a2 elpts, 3¢ sonthensen: 25a26; average recelp! » 27 NEW EPOCH IS NEAR N OCEAN TRAFFL Atlantic Ports to Be More Closely Linked to Orient by “Round-World Service.” BY J. ROYL Special Dispatch to The Btar, NEW YORK, April 11.—The % comprehensive through ‘“round-the world” cargo service since Magellar circum navigated the globe will be established as & result of negotiation: now nearing completion. Atlantic ports for the first time will be brought intp direct connection witk the orfent. Australia, India and ths levant through regular schedule sailings of cargo vessels. Producers manufacturers and distributors ir the castern section of the country will be brought into closer touch thar ever before with foreign marke Kast and West Join Force: This new project will become pos sible through & joining of forces o the east and the west, which not onl; have met but which are approachink formal agreement. The Toyo K Kaisha, (Oriental Steamship pany). largest and most influentia steamship line of the Japanese me: cantile marine, now is negotiating with the Roosevelt-Kerr interests which operate a large number o United States Shipping Board vessel: in the oriental, South American anc European trade, for an arrangemen which will assure the “round- world” cargo service sponsored b both American and Japanese compi nie Final Agreement Near. T. Komatsu, manager of the Sar Francisco office of the Toyo Kiser Kalsha, now is in New York cor ferring with officials of the Kerr 1 and final signing of contracts formal announcement of the er | prise and its schedule of sailings ar: iexpected before the end of this week It is within the range of possibilitis 6. 102% | oy Live poul Chile 851941, ... 6 103% 108% 108% 11 Lo e Chiness Gov iy G Hirt it e g::g?gtp‘;g:' 45. 9 51 oo 60%|perkeY: Boashs -fl‘t&c’tfl&%c“gr c-’:,r.’efl:",‘:,.': s Hs o Yastpev ss $0u50: keats, young, each, 60; fowls, per Cubab¥awl..... 50 9% 99% 99% N [ Dreasea —Fresh- | Czechoslovakin §s. 4 88% 88 88 g::g:spcv 4%6.24 65% 654 65% chickens, pf?";r':’ 75'.\'57:';“:4':.‘53- :Rfli'. Denmark 12 109% 108% 109% | i M&StP4s°30." & 71k 7Ti% 71% [ ens, per'th., 45a50; heris, per Ib. 32a33; Denmark 11 97% 97 9T% |y H’}' 8. oo - 80 81% 814 81% |TOosters, per Ib., 19a20; turkeys, per Ib., Dutch Kast165°47 82 94% 4% 94% [ cuyy (7, A PACTT 48 24 TBY 781 78W 48a50; keats, young, each, 70a80. Dutch East10s'62 36 04% 94% 4% |cp| oo 4%s... @ 885 88 88% [, live stock—Calves, choice. per Ib. Framerican 7\s.. 11 88% 88 88 |oo & WIndends. 14 7235 72 723 0211 medium, perib., 9a9%: 2 { Frenoh Govt 88 32 C&StL rf 65 A -, 6a7. Lambs, spring. per Ib., 20. I'rench Govt Tts. 36 94 &StLaws. . 15 PIgs, 3.0005.00 each: Iive hogs, per Ib.. 9. it : Green fruits—Apples, per bbl., 2.008 it! 85 ctfs. . 1 96 96 96 |Del& Hudson 51.s 4 50. crate, 4.50 Holland-Amer fs. 18 90% 90% 90%|Den&Rio G oon 4s. 1 6.5 * Pemons, ver Japanese 1st 4468, 12 93 92% 93 |D& RGlstrt s 12 box. 4.00a4.50." Grapefruit, 3.50a4.50. Japanese 2d 41zs.. 56 924 92% 92% |Det United 414m... 4 vegetables—Potatoes, per bbl, No. 1. Japanese 48 ©°1 81% 81% 81% | Erie Ist con 48 22 1.50a2.00; per sack, 2.50a2.75; No. 2, 50a Jergén UM 6s*47, 27 82% 824 2% | Erie conext? 100, , Sweet potafoes, North Carolina. Marseilles 65 1 78% 78% 78% |Erie gen ¢ 1 108% 108% 108% |100a2.00; nearby, 2.0082.50. Lettuce, per Mexico by o0 01 g3 T8% T84 TBA|DrieMends..oo 17 ASK 454 4% [crate, southers, Romaine ' let Mexico slarge.. 35 Bo% B34 B5%|ErisconvimD.. . & sou aon ow fiace Per eratc. LCaBerg et Mexicods....... '3 86 86 86 |GrTrunkafab e R Netherlands 6s.... 26 99% 99% 99% | Gr N . oy e B e Norway 85. 3 110% 110% 110% | Gr N crate, 3.00a5. Tomatoes, per box. Norway 6 13 98 974 97%|Hud & Man ref 5 Florida, 3.00a4.25. Beans, 8.00a5.00 per p:r --L!" 33 74% 178% 78% ) Hud & Man af 55 [ bnul_(en Peas, 3.0026.00 per basket. Pep- gue T3, 19 79 78 78% |11l Central ret 4 2 pers, per crate, Florida, 2.00a3.50. Kale, ansenMandy 1 108% 108% 106% |11l Central Gi... 7 Tl Pt e slan : e 4 er crate, Florida, Riode Jan 821546, & 93 '92% 83 |Int Ry b uanh, 2802430 Florida. tima Riodelan8s 1847 2 934 93 93 |Int&G Norajss. 45 P16 [ DEAnK CO0AS00 per banket. o G : i p:fizlg'&l !: ?; ggh gg i {\9&-\"-({;;-{:;.1 rfds 1 GRAIN AND PROVISIONS. e e L 1 98° 98 08 |Kansasbrtsit- 8 764 764 76%| BALTIMORE, Md. April 11 (Spe- Seine, Dept o (G5 BT 86K B6% | KansasCltySse. | cial).—Potatoes—White. 100 pounds. SerbsCrotesSlofs § 9% 69 69% |Lake Bhore n s H 501.63; 150 pounds. 1.503.0 Solssona 6 3 79% 794 79 |Lehigh Valley 6s.. 3 108% 1031 10844 | barrel. 1.25a2.00; bushel, 50a 25 108% 104% 1054 |Louls& Nunidn.. 12 90 90 90 |bArrel. 1:50a2.00: bushel. 50a . 4 1184 118 ' 118% | Louin & Nash 7n... ‘& 108 109y 1903 | 405, dozen, 5.0085.00; beans, Lushel 185 4% 73% 74% | Louis & Nash 5% % 107% 15 0043.50: beets, 100, 5.00a7.00; % '29.291 116 114% 114% | Manhat Ry 1otep 102 102 bage. hamper, i50a250: carrots, bas- Ud Kinkm 6%55°37. 65 104% 104 1041 | Market Sten 5a . 30 oow oo oo [ke B e, e e Dingune 3e 10105 " 104% Toars | wirnetStenBe... 80 06w 95 954|275 celery, crate, 2.00a2.75: cucum- Zurich 8s. C18 118 1124 11 MIEIRy & L5 6 B4% R4 B4 |bers, crate. 2.00a4.50; egg plants, 3.00a : % 118 | M & Bt rf ex b 1 87% 87% 37%|5.00 horse radish. : MISCELLANEOUS. MStP & BSM 6156, 2 3% ale, bushel, 50a6: Ajax Rubber T8 97 9 MK&TIstds.... 2 ki3 )a2.00; onfons, 100 pounds. 1.50: g {Am Agr Chem 7% a 24 101 MK&Tprinssa 19 &pring onlons, 100, 1.26m3.00: peas. {Am Cotton Ol e . 16 "¢7% ‘o0 MK&TAsB. E 66 |bushel. 2.09a4:00: peppers, crate, 2.75a lAm SmuaR 16t5e. 12 89 88w : Sl et D ah e ThRbo, rabasn brate, Toua h, bushel, 75a90; squash, crate, Dy ::: #’u:.';ehvel’:. . g igfi‘{ }?;‘i 1‘1'?3 > 4.00; tomatoes. cral'!. 1.50a3.50; tur- AmT&Tcltrss.. 40 96% 964 96% | A0 Paciflc 5a'ss. B o eires” parrel, 30048 AmT&Tcltrds.. 43 92 91% 913 | M7 Pacific gn 4s. "Pox. ' 1.30a3 Anaconda cv db 75. 38 103 102y 1024 | MOntrl Tm 1st s 2,5024.00; oranges Anaconda 1st 6s... 80 9714 9714 97% | n " ERy s strawberries, quart, Armour& Codlim. 12 84% BA% 84w | N Or Term és Bell Tel Pa 5srots. 55 984 97% 97% | QO TeX& Min 5 7 Selling Prices at 13:30. Beth Steel rf o8 1 94 94 o4 |NYGentdedss 3] Wheat 1 red w HethBteel pm 5a.. 3 89 884 83% tribe.. B gquotatio S ra e apue Beth Steelsf6s... 36 97% 974 97 [N Y CenLBcliks 1 1.42, nominal 3 red winter, spot. Brier HEt 10t 0% 5 oa° oon New Havencdss, ' 1 no ayotations; No. 2 red winter, gar Bkiyn Edison 7s D 12 108% 1081 108y | No® Havend 4557 1 licky, 1.38%, nominal; No. 2 red win Bklyn Ed gen 58 3 95% 954 New Haven7s..... 2 3 | ter, garlicky, spot, no- quotations; Bush T Blag 55 '60. 5 88% 884 sevg | New Haven 7s fr. 5o April, 1.3832, nominal. Central Leather 55 6 95 981 NY W & Bos 4135, 1 Salés<-Bug lot of nearby at 1.00 per Cerrode Pasco 8s. 8 1431 143% 1431 | SOFfolk & W ov 65, 68 110 1104 1104, | Pushel 4 : Chile Copper 65... 6 1004 100% 100% | NOFthern Pac2s,.. 4 .60 60 @p | Gorn=—Cob, corn. few, 4.50 per bar- Chily G e 3 199% 100% 100% | Northern Pac éa'.. 20 rel; contract, spot. 89% ‘per bushel: CInG&E34s'62. 1 964 964 981 | NOFthn Pacriga.. 16 Pl L S e LR ShGkmskaes 1 e e gew R D TARE . tions; ek 'Corn, ellow. No. 5 or Cuba Canecyd&s. 13 95% 95 5% | Northrn Peswrct. -9 1770 Tusnels of Xe {Dery (DG) 7 1 63 68 68 |OreShortLref4s. 4 I = © T yDet Edlsonref 6s.. 5 102 101% 102 [€re-Wash 1st rt4s 15 | " Oats—White. No. 2, 35 per bushel: |DuPontde N 7435, 7 108 107% 107% (Lennsvlgens.... 17 9 . 4 and 3412 per bushel. Duquesne Lt 7%s. 14 107% 107% 10 Pennsyl gen 4135.. § ve- 80490 per bushel; No. Duquesne Light 6s 16 1021 1021 1051 | Pennsy] 63, 1 1084 |2 western export, spot. 911 per E Cuba Sug 734s... 77 107% 106% 106% |Tennsylgold 7. .. 1 108% 108% 108y |bushel: No. 3, no quotations. Emplre F&G 748, 83 93% 93 93 |Dennsylcon 4%s.. 5 941 94 94 | Hay—Receipts, 85 tons; demand for Fisk Rubber 85 1 106% 106% 106% | Pere Marq 1stds.. 1 933 93% ggy |Eood hay is fair at a range of 17.00a 21.00 per ton, with general receipts Gen Elecdebs... B 101% 101% 101% |BePId Tran6s wi..117 73% 73 7814 (ample for (rade wants, Gen Refractes6s.. 3 98% 98 98 Straw—No, 1 tangled rye 13.00a Goodrich 6%45. ... 10 100% 100% 1004 16.00: No. 1 wheat, 12.50a13.00; No. 1 g:ody, r8s1931.. 14 104 103% 103% | RIATk & L ¢ oat, nominal, 14.00a15.00. odyear 85 1941.. 4 117 116w 116% | 5t - IMAS RAG 4s = Humble ORR 5145 10 98% 97% 97 [BtL DAIRY PRODUCTS. Indiana Steel bs... 3 99% 9914 99% BALTIMORE, Md., April 11 (Spe- Int Mer Marine 6s. 10 87% 874 87% cial).—Live poultry—Young chickens, IntPaper st 5s A. 4 85% B4's 85 pound, 35a36: small and Leghorns. " Int Paper 1st 5s B. 21 84 83% 84 30; winters, 40ai5; springers, o8a60; [ Kelly-Spring 8s... 5 109 109 = 109 old hens, 2(a28; .emall and Leghorns, i La 3 6% Ten ey | 248285 old rod 15a16; ducks! 1 1143 |SAnA & Arn Pis.. 7 7 7o, g | 28asl small pigeons, 3hado: {1 5 951 | Seab'd A Ldssta.. 2 54 sax: 53y | Bulnea fowls, each, 35a60. | ll‘ifi Seab'd A L ref 4s 10 44y 44 ‘iv: .vhrl?vsgd \'\vgglr‘,\f(ullv.‘v‘n. pound, 1‘ a Seabd ALadise.. 52 31 31 81% | bagerboss off, native and’ nearsy 2 s 100% [Seabd A Lcon6s.. 29 65% 65 654 Nrste, dozen, 24; southern, B Marland O 7¥%sw. 9 151 161 161 |Soulacificevds.. 14 91% 015 918, | Butter—Creamery. fanty, pound. Marland Oil 8s w.. 10 151 151 151 |S0u Pacificrefds.. 47 854 85 85 |50adl: prints, 51al nearby cream- Mexican Petrol 85, 10 108 108 108 |Sou Pacific clt 4 1 80 80 rp |ery. 45a48; ladles, 40a42; rolls, 38a Mich St Tel 1st 5s. 4 998% 99% 9o | Southern Ry 1st'Ss 10 D4% 94% 943 |39: store packed, 38: dairy prints, WidvaloSteeltu... 4 87K 73 E7is|Mouthern Ry gndv 0. Eng @77 g Me10; Trocelybuiter, &b, Montana Power 55 6 95% 94! outhern Ry 6%s. 5 1013 10 i CRic Morris&Co 1t 4%4¢ 3¢ 806 80° b | Third Ave nag 7 'Soi ‘gbw ‘Shy| TOPAY'S CHICAGO PRICES. Vew Eng Tel 6s... '3 97% 974 7% |UnionPacist4s. .. G 90k S0v son| CHICAGO, Aprll 1L—With rain Y Eden 1st 614s. 5 100 1083 10814 | Union Pac Iatrf4s 4 821 8214 821 | falling over parts of Kansas and Ne- YG EL H&PGs... 1 97% 07% 978 |Union Paccvis... 6 9 braska, wheat declined in price to- N Y Tel 65 '41. 9 104% 104% 1043 | Unlon Pac cv 6s. 2 day in the early dealings, after a N ol o 7 100 0o “ome | Virginia Rty 1at Ga. 3 show of strength at the start. Com- 26 93" 931 gest | Wabash st 5a. 1 parative firmness of Liverpool quo- N States Pow 58 2 891 89% 8ovs| Western Md 4 22 tations was more or less responstble Northwst B.Tel 75. 7 107% 107% 107% ;'?"‘ Shore 1at ds: -1 fi’.&"‘é.’é\‘é? ‘n;":':-fi: ’:fi:hk:fif-m PaclficGas & 155 18 89% 89% 89% | Whesrarr o ise 1 hardly be general for ten Gavs oot PacT&Toas2. . 11 89 8% sare cni4s. 1 tended also at first to put the bears PhilaCoref 68 A.. 3 100% 100 100 TOTAL SALES (Par Value): i A ) Jnening Plerce-Arrow8s.. 1 79 79 79 | 1lam.. 2975000 12noon. 4982000 |y . 5 Yaried from unchunged fAgures Producers & Rf §s. 22 107% 107% 10746 ( 1p.m.. 6623000 2pum.. 8150000 | Lo 122 aniq yERer, with May, -1.21% Droducrs & Resw 1 1381 1334 133 — & foUowea by Zlight furthas gaink wad Public Seryice os. . % % v ad e] e punta Alegreria’. 19 120w 11" 11 DAY LABOR RETURNS |iow sisiorda asisne o ¢ W</t b nclair 3 % Corn and oats descended with Sin Crude Ol 5%4s. 8 981 98% 98% TO $6 WAR-TIME PEAK |wheat. Atter opening unchanged to Sin Pipe Line 6s... 34 867 861 86 14al; off, May 71% to 78, the corn South Bell Tel3s.. 1 92% 92% 92 NEW YORK. d v market hardened a trifie and then S0 Por RicoSug 75 2 100% 1006 1008 | conmy eayer o) HhThe World | Bl ent™ ‘general ‘tag: St Oil of Calif 78 2 105% 105% 1055 iy saya: Oats started unchanged to 1a higher, Steel & Tube 7s. 7 102 101 10 - Wages for common labor returned | May, 45lp to 45%. and later showed Tenn lilec Pow 6a. 4 93 9214 93 |yesterday to the peak reached during (108165 on all deliveries. A Tide WatOil 6143, b 103% 102% 103 | the war. It was gnnounced that 75 |yt ooion o nag voiney Teecting Toledo Bdn 1st 75. '2 106% 106% 106% | cents an hour, or $6 for an eight- | WHEAT— Open. High. Low. Close. Union Bag & P 6s. 10 97 97 97 | hour day, had been agreed upon hy!. % LY E 219, USRubIstrfGs.. 15 87 . 86% 87 | contractors who specialize in ex.|JUiT....: .- US Rubber Ti3s... 2 106% 106 106% | cavation and representatives of the | ibe USSteelsf5s.... b 1021 102% 102% | bullding trades council as the rate : Utah Pow & Lt 5s. 6 B87% 87% 87| for pick and shovel men on cellars, Va-Car Chem 7s... 22 91 901 90% | subways and similar work. 5 Va-Car Chm 74 156 84 83 This is the rate which preaviled Warner Sugar 7s.. 3 102% 1024 102% | Up to the spring of 1921, when ft West Union 63s.. 7 1081 108% 108% | WA# cut to 60 cents an hour, §4.80 Wickwire Spen 7s. 12 95 94 = 95 |day. It represents an advance of 25 o i Ca o te 't 99w 99 o5 |Dparcent and is 873 per cent above 13 147 V. the rate for common labor fixed by 7T 16 Wilson&Cov T%s. 8 100% 100% 100% | (he United Stater o ’ Wilson & Cocv 6s. 8~ 95% 95% 95% | Monday 8 Steel Corporation 00 1002 1000 10 Winchester A 7%s 5 101% 101% 101% 3 B £ 1037 1087 1030 105 e \ - BAR SILVER QUOTATIONS. LONDON, “April 11.—Bar silver, ‘WALL STREET NOTES. ! |3118-16 pence per ounce. Money, 2% per ¢ent. Discount rates, sh National Biscuit Declares Dividend. 1582k per cent; theee mn no‘l;‘t g:x]}:: Fewer New Ships. 2““,"“;1 v Y8R hprin N . 1] —] Special Dispateh to The Star. var silver, §55 e e NEW YORK, April ‘11 —British : Mexlcan doilars, 50 shipbuilding for the quarter ending c Wi March 31 showed an increase of 24,- Magic Water Heals. From Asia M: i . 500 tons over the previous quarter, n.:;m ,o':;‘, Diamond mountain but was a decrease of 744,000 a5 com- | of Corea is & hard one. Yet thousandgy pared with & year ago. Tonnage :':':n‘:r‘:“fll each year climb to- their under construction fn Great Britaln |SUmmite. : i p depressions in the ni and Ireland is 1,492,138, DPeaks are pools of Water—sacred wa. National Biscuft Company has de- ;af. kw1 : magic virtues.. He who clared the regular quarterly dividend | And ayiy, ® Biotecied Sgaimiet sickness gn %. of 76 cents on common stock and|cleansed of moral {mpuriti well $1.75 on preferred stock. Common is 88 stains-of travel et payable on July 14 to stock on record June 30 and preferred is payable May 31 to stock on record May 17. New York and Honduras Rosario Mining has declared a quarterly dividend of 2% per cent, payable April 21 to stock of record Aprif 14. Milk Tree Yields Cream. From the New York Tribune. : The milk tree, which flourishes in Brazil, yields & sap which is very mueh like thick creat and m flavor scarcely. istinguishable from cow's Three more sugar mills have fin-|mik, though slightly coafser. As a ished grinding, mi klng twenty-seven | drink, mixed with water, it is sald to that have completed their crops. The | be deilclous. The bark of the tree is total output so far is 1,657,901 b red in color and the nativi The twenty-seven mille show & de-lred dye from it, which they.use to crease from last year of 631,099 bags. | dye their cloth. The wood is hird and New York bank cléarings, $710,000,- | durable and is much uséd in the con- 000. New . York bank balanc i¢ &;‘m houses. The tree 000.000. New Yotk Fedéral rve | also. yleld and Juiey fruft, Bank credits 000,000. Boston bank | which is & grést faverité with the clearings, 000, extract a people of Brasil, CHICAGO LIVE STOCK MARKET. CHICAGO, April 11 (United States Department of Agriculture).—Hogs— Recelpts, 26,000 head: uneven; open- ing, weak to 10 fower: later trading mostly 10 lower: spots off more; bulk, 168 to 220 pound averages, $.30a8.40; top, 8.4 1k, 22 butchers, pounds and sows, fifostly; pound plgs. 7.00a7.50; heavy weizht hogs, 1.90a8.26; medium, 8.15a8.40; light, 8.00a8.40; light light, 7.00a8.30} packing sows, smooth, ' 7.10a7.40: packing sows, rough, 7.00a7.15; killing pigs, 6.50a7.65. 3 . Cattle—Recelpts, 10,000 head; slow; striétly rzlnod and choice beef steers and yeariings steady; bidding lower on plainer kinds;.early top matured steers and long yearlings, 10.00; seventy head fed Jowa Herefords on shipping account at 10.00; some steers held above 10.00; other classes gen- erally steady; packers bidding 8.50 for desirable vealers: medium light veal calvew, tending lower, moderately ac- tive demand on country account; late yesterday at 7.50a8.26; a few loads fleshy feeders making 8.35a8.40; few plain stocker: plain stockers and feeders in narrow demand: Sheep—Receipts, 12,000 head:; open- ing slow: few sales clipped lambs steady: to good description at 10.00; one load ¢ 80-pound shorn lamb. y nothing done king_hi| pric to shade lowe: steady; one load clipped wethers, 8.50. five loads 85-pound medfum 75, with heavies lcel!}nfllan.l fed eep scarcy 120-pound aged that the first steamer on the new regular “round the world” run wil clear from New York before May 1 Panama and Suez Canals Used, Mr. Komatsu declined to outline th tentative program pending fina agreement, but it is understood un officlally that the new undertaking will Be carried on under the name o the Toyp-Roosévelt line and that regulat “service will be fnaugurates with New . York, the initial port o departure, running through the Pax ma “canal ‘t6 Japah, China Philippine Islands and the B East Indian colontes, Indid, throug/ { the Suez canal and back to New Yor The agencies in the Paelfic oc except the one located Philippine Islands, will probab! the hands of the Toyo Kisen Kalshy while Kerr Company offices in Europ. and America will look after the busi ness of the line in Atlantic an Mediterranean port Fecder Lines Numerous, Each company has numerous feede lines which can divert world trafl to the new rooting. The Roosevelt Kerr interests how operate an exten sive cargo service to Brazil, Arg tina. Buropean countries, the Levant Egypt. British India and the Dutcl st Indies. The Tovo Kisen Kafsli E operates a round-the-world carg service and has regular sailings be tween the Pacific American port! lu\uur.s n. China, Manchurit British “India, Mexic. ill provide betweae. b the Atlantic states b. nama and afford a distinet advan > in mecting foreign trade compe { tition in the orient, where demand fo | American goods is growing steadil: Present Wage Advances. advance in wages In the stee ¥ has started .widesprea: ssion of wage levels In other in dustries, and it is evident that whil some of these will follow the upwar: trend there will be keen. resistanc Ly employers in others. The Nev ! York Building Trades Employers’ As soclation in declaring its member would refuse demands for increase from bricklayers and other c men voiced @ warning that exe | buiiding costs would halt-many ations. Many individual contractos l s and other sections, howeve aying the amounts demanded i1 to keep their men ur secur Freight Traflic Picks Up. BOSTON. April 11 (Special).—Witl the passing of winter weather ti; New England railroads have gofte back to handling a volume of traffi which today compares favorably wit! the peak loads carried last autumu Weekly business by the Boston an: Maine road Is running well over 70, 000,000 net ton miles. The peak las fall was 73,500.000 ton miles. 41 New. Steamers Lakes. DETROIT, April 11 (Speoial) - Prospects for lake navigation busi ness pever were brighter, according to W€ Lake Carriers’ Association today There will be forty-one new stean ers on the lakes, but &1l will he undc Canadian registry. Heavy fce wil make the opening of navigation u: the upper lake . however Last Year's Records Beaten. ST.. PAUL, April 11 (Special). - Freight shipments through St. Pau terminals today are running far ir excess of those of last year. The in crease extends to nearly all lines, bu the greatest gains have been in au tomobiles and accessories, farm im plements. building materials, gran and grain products, lumber and gen eral merchandise, NEW FINANCING SLUMPS i IN GREAT BRITAIN Associnted Preas. i NEW YORK. April 11.—Private ca ble advices received here today dis jclosed that new capital offerings i Qreat Britain and Ireland during th first quarter of the year were abou half as large as a §ear ago, wherea the new offarings in this dountry dur. ing the same period exceeded those o a vear ago by $145416,000. Grea Britain's total for the first thre months was £45.987.837 as comparec ;mh £93,207,112 in the firet quarter o Domestic issues totaled $1,248,500 000 in the first quarter of this y | as against $1,031,084.000 in the sam: period last year. The domestic total: {do not include real estate mortgage: and United States Treagury financing GIVEN NEW RAIL POST. ST. LOUIS, April 11.—I. W. Bald win, the new president of the Mis souri Pacific railroad, has been elect ed to the board of the Terminal Rail road Association of St. Louis to suc ceed the late Alexander Robertson The other dire¢tots and the officer: have been re-elected. TOP NOTCH RAIL TRAFFIC. KANSAS CITY, April 11 (Special) —Railroad officials here declared to day that the amount of business han dled so far this year over the lines entering this city has exceeded any similar period for five or six years They expect an even heavier inorease @s the year progresses. PARIS BOURSE ACTIVE. PARIS, April 11.—Trading on th bourse today was active. Three per cent rentes, 57 francs 42 centimes exchange on London, 10 francs i3 : B per cent loan, 74 francs centimes. The dollar was quoted at.16 francs 10 centimes.