Evening Star Newspaper, April 25, 1923, Page 25

FINANCIAL. REALIZING SALES; - ¢ SLACKEN TRADING U. S. Steel Renert Fails to Stir Market—~Trend Very Irregulzr Today. BY STEART P. Special Dispateh 3, The Star. NEW YOR'E, Aprit w ils effect 0y steel shares was the big- St topiz of conversation in stack wegket today Traders pretended to be disappoint- o todig enthusg over the report for the figst quarier. Steel common open- more ed up a point, went back to 106% and | Am Smelting thea moved slowly s a matter of i'pe quarter were about what had been Lnticipated and s happens now a- &inys when anything favorable comes wut that has been Known long ahead of time, it proved to have been fully discounted Market Lacks Features. There few particularly strik- features among the individual movements. The street con- talk passing of the divi- forward again. were ng tinued 1o (Alaska { —The United |Am H & Lea pf.. States Steel Corporation’s report and | Am Tce. the | Am La France. . becuuse the market did not | Am Radiator. 't the results for | Am Steel Fdy. THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. 69 4T 1% 2% 4% 26 50% 49 108 96 10734 178% 24% 1 13 2815 604 104% 84 2914 2% . 184% 47t 8% 9% s 154 2% 987 39% Air Reductfon. . Adv Rumley pf. Juneau.. Allied Chem. Allis Chalme Am Agr Chem. .. Am Ag Chm pf. Am Bosch. .. Am Br Shoc pf AmCan... Am Canpf.. Am Car & Fdy Am Chain A. Am Chiels Co. Am Cotton Ol Am Cot Oil pf. AmIcept.... . Am Internat'l Am Locomo. Am Metal: Am Roll Mill pt.’ Am Safe Razor. . Am Ship&Com Am Smelt pf Am Sugar, Am Sugar pf Am Sumatra.... Am Tel & Telg.. Am Tobacco. . Am Tob pf (n) Am Water Wks. Am WWk6% pf. Am Woolen. Am Woolen pf. Am Writ Prpf.. Am Zinc&Lead. . Am Zine&1d pf. dend in connection with the weakness | apuc G - in Marine taternatio al the start, 1 of Tuesda ergetic m preferred and forling the effect novucement, that en- ures las been correct the California over produc- tion whivh is the thing that has re- acted against the oil the last two Gr threc on th uncer it it sUll could be sald that sentitaerit toward them was im- proved. mont! Later mptly Gimpe! Brothers' stock on an- American | Arnold Co...... al. Ofl shares were strong | AssoDryG2d pt Assoclated Oil. . Atchison. . taken to | Atchlson pf. .. Atlan Cst Line At] Fruit ctfs trade during | Atlantic Fruit. . Atlas Tack. ek noved with more | xar it Gure. AtlGulfpf...... Auto Knitter. .. appeared | Baldwin Loco. Balto & Ohio uncament of the merger with Saks | Raltg&Onhio pf & Co. now be il to he po at 'the mer be adva talk Profit Profit taking made i cent favorites like ischmann and tolorado Kuel. Declaration of the dividend at the rate of $3 on House- hold Products appeared to have been anticipated fully by the late advance. Reports of wu dividend which have becn curtent for some time were re- sponsible for the in New York Air ke. Remington Typewriter was up foilowing unofficial esti- of earning b of nd was disappointed was the explanation rather than $1 divi- this piece wrded devad aking Felt. self felt in ve- ch run pretty | T he market did not know just { sBank of Com. . news Was [ Rarnesdall (A). Batopilas Min. .. Reechnut Pack. Beth Steel. . Beth St17%(n).. Beth Stl 7% pf Beth Stl 8% pf. Booth Fish Brit Emp St! Bklyn Edison... Bklyn Rap Trn.. nRTctfs.. n RT 1st pd Bklyn UnGas... Brown Shoe. Burns Bros (B). Butte Copper well sup. | Butte & Super been ever since the interests into the referred to first of the new the stock. Wo weeks ago. oday's Financial Review. i CW YORK, April ntered again today in market for the way it would register the opini of the financial b ding the various re being &ive future. There times. especially during rt of the trading, when hesitation was shown. steel shares not at once respond to the favorable earn- ings fo the first quarter of I'nited States Steel Corporation, professionals maintained that was another bit of testimony etfect that “good new was days falling flat The “market’s action undoubtedly demonstrated an underlying note of optimism, while still admitting read- i’y enough the point made by so many, that trade expansion could not have ‘carricd on the way it was in March without inviting serious con- sequences, The fact is that so much has been said by way against overbuying at high that the upward movement in raw materials and in commodities in gen- eral has b checked. or may not be last- ing. but for the time being it has reassured the security markets that tile danger element is no longer pres- ent to the extent it was a month ago. Two Trade Developments. Two developments in the trade sit- uation attracted special attention in Recause nowa- { Butterick. . Calif Pa %= Calif Petrol. Calit Petrol pf Callahan Zinc. Canad'n Pac. Case (J 1) pf. Central Leath. .. Cent Leath pt... Cerro de Pasco. . Chandler Mot . Ches & O pf wi. . Chi & Alton. Chi & East I1i ChiGrt West . Chi Mil & St P. the | Chi Mil&StP .. the | Chi & Northwn.. this | Chi R1& Pac. to the fChi RI&P T pr. Chile Coprer. ... Chino Copper. Cluett Peabody. Coca-Cola Colo Fuel. Columbia Gas. ColumblaGaswi Columb’a Grap. . Comp Tabulat. of warning | Cons Cigar prices | Con Gas new Cons Textile. ContCan..... Continental Mo. Corn Products Cosden & Co. Cruclble Steel. .. Crucible Stl pf Cuban-Am Sug. Cub Cane Sug. .. Cuba Cane Spf.. the price movement of the day. One |Davidson Chem new high for Cuban raw sugar | De Beers. . pound. Th 3 (nnouncement—the im portance of which was not immediate- Iy wppreciated—that leading California ipanies have taken aggressive the shipment of W their territory. cmuch as it has been the trans- f low-priced California oil s<eaboard which has been cause of the recent pric restrictive action prom than anvthing else could . cu for such weakness as the oil trade situation. Oil yrompt (0 1ecognize this, tocks we. ¢ the continued and the pe prompt to in sugar prices which this i; of manipulation. . New York Air Brake. New York Air Brak nmon stocks wers lay, the latter adv, high for the ar. s<ame reason rice cla ncing to & new Substantially the other was | Del & Hudson... D Lack & Wstn. Detroit Edison. . Dome Mines. Dupont (E 1) Eastman Kod. Elec Stor Bat. to | Elk Horn Coal. . FEudicott-Jo Brid 2 Erie 1st pf. Famous Play. .. Famous Play pf Fif AvBus wi... sher Body. . isher Body rts hn discredit | Fisher B of O pf. throwing upon the claim | Fisk Rubber. Fleishman. ... Freeport Texas A and | Gen Am Tk Car. e and strong | Gen Asphalt. . Gen Baking. Gen Cigar. were behind the buying | Gen Electric. these issues us mentloned a short | Gen Elec spl Wi. nd the likelthood of an early dis- ution on the common stock. on trade journals in their reviews give what is no doubt an accurate picture of what the pres- ent position ix. not only in the steel industry, well. ¥ p pace with an unusually heavy consumption. but there is not e pressure there was in ause m supplied th wants three to six months ahead. whereas a month and A half ago they were eagerly scram- g to fill up their depleted stocks. Raflway shares in the market of c day zave little heed either to the | GuantanaSu. ... - March. showing, as {Gulf M & Nor pf. a notable change | Gult St Steel latest Ag- i Hayes Wheel. irns f to the r loadings, J. S. LARCOMBE.-JR., TRIAL ures on but in many other lines as|Goodrich.. duction is still running high | Goodrich pf. the | Goodyear pf. March, | Granby Con: users of steel have|Gray & Dav | | AGAIN IS POSTPONED| ‘e case of John Southy Larcombe, Jr.. charged with an attempted as- Sault on Miss Elizabeth Rhodes, 1466 thode Island avenue northwest. in his apartment in the Royden, 619 R street, the girl jumping from the fourth story of “the building, she xays, to escape Larcombe, was again postponed in Police Court today. As- ant District Attorney Ralph Given asked for another continuance, pre- senting a physician's certificate show- ing that the young girl is physically unable to appear against Larcombe, not having recovered from her in- juries, shock and fright. This case has been continued a number of times for the same rea- son. The government cannot go to trial in this case without Miss Rhodes, who is the star witness in the case. I. C. C. ORDERS RATES CUT Increased ferry charges on vehicles and live stock. which the Jelaware, Jackawanna and Western railroad put into effect betwecn Hoboken, N. J. ang New York city, October 1, were field to be unreasonable today by the Interstate Commerce Commis- xion. The rates were found reason- uble'in so far as they affected passen- wers. The company was ordered to re- duce by June 26 rates on automobiles 1o 12 cents as compared with the present rate of 17 cents; on cows to a cents, instead of 13 cents, and on automoblle trucks of average size to 50 cents instead of 0 cents, | | | ! | ne ago, namely, favorable earnings | Gen Motors. Gen Mot 6% Gen Mot 7% ceb. Gimbel Bros. . Gimbel Bros pf.. Goldwin Corp. 87% 90 96% 6215 30 12% 73% 311 106 27% 10% bdig 96's 43 61 3% 27% 26% 3 Goody prpf w1 Gt Northern pf.. Great Nor Ore... Gt West Supf.. Greene-Canan Houston Oil. Househ'd Prod.. Hudson Motor: Hupp Motors Hydraulic Sti. Tllinois Central. Indiahoma. 3 *Ingersol- L 19 Inland Steel wi. 46 Inland St pf w i. 104% Interb Rap Tr... 18% In Ag Chemical. 6 Int Cement. . 41% InCombust E. 25% Int Harvester... 88% Int Mer Marine.. 9% Int M Marine pf, 35 Int Nickel. 144 Int Nickel pf. 6% Intl Paper. 4% Intertype Corp.. 30% 113 18% Jewel Tea. Jewel Tea pl Jones Tea. K C P&Lt 1st pf. Kansas City S... Kan: CSopf.. Kayser (Julius). 374 Kelly-Spr Tire.. 58% Kelsey Whipf.. 1024 Kennecott. . 40 Keystone Tire 9% Kinney G R. 52 Lee T & Rubber. 304 Lehigh Valle: 64% Lima Locomo. .. 70 Loews Inc.. 18% Loft Inc. .. 8% Loose-WRes.... b1k Lorillard (P)... 161% Louls & Nash... 142 96 21% B3 High. 69 4T 1% 2% 4T% 26 51'% 96% 624 30 125 73% 31 106 274 10%; b4vs 97% 43 62 138% 277% 261 3 113 13% 119 46% 104% 18% 6 415 25% 88% 9 21% 2% 60% 9 2135 b4 37% 58% 102% 40% 10 52% 30% 641 1% 18% 8k 613 161% 142 Low. €9 AT 1% T2 52% £ 21 2% 60 96 21% 531 37 58% 102% 39% 95 b1% 30% 64% 60% 18% 8% 61 161% M2 Close. | (33 4T 1% T2% | 4% 26 | 5l 49% 108 6% 107% 179 24% 10% 122% 1533 101% % Low. Close. 87% 89 £ 34 363 T2 Open. H'gh. 875 £9 34 84 871 7z 44 Mack Trucks. .. Magma Copper. Mallison & Co. Manati Sugar. .. Man El inv guar. Manhat Shirt. .. farket St Ry . Market St R 2d Market St prior Mardand Oil Martin-Parry Mathison Alkili. Maxwell (A). Maxwell (B). May Dp Stores. . Mcintyre Por. .. Mex Seaboard ! Mex Sbd ctfs. Aiami Coppar, Middle St o1l . Midvale Steel. .. MoK & T (new). MK&T pf el A (n) Mo Pacific pf Montg'y W'rd. Moon Motors Mother Lode. Nash Motors Natl Acme. Nat Biscuit w 1 Natl Riscuit pf. Natl Enamel. Natl Lead. Natl Lead p Natl Ry of M 2d. Nevada Copper. N Or Tex&Me: NY Air Brake. . NY Air Brk(A) N Y Central N Y Dockpf.... NYNH&Hartfd. NY O&Western. Norf & West. North Amer. North Am pf North Pacifi Nov Scot Ste. Ohio Ohio Oklahom Prod. . Ontario Silver. . Orpheum Cir m Cir pf. Zlevator. .. 16 40 138 £2% 84 5 254 25 T4 fdta 9413 a5 108% 5 84 110% 3 2% 18% 16% | 99% 12% 45% 17 615 45% 8 87 178% 11% 16% 87 103 48y 98% 5% 87% 90 96% 591 30 128 3% 31% 105 274 | 10% & 61 %1% 42 Otis Elev pf Otis Steel... ... Owens Bottle Pacific G & El. Pacific Mail Pucific Oil Pacl rd Motor. Pan-Am Pete Pan-Am P (B Parrish & Bing. Penn Seabd Stl.. Pennsylvania. .. Penn Coal & C People’s Gas. Pere Marquet! Philadelph! Philip Morr Phillips Pete. Phoenix Hos pf. Pierce- Pierc Pierce-/ Pieree OIl.. .. Pitts Coal pf . Pitts & W Va Postum Cereal Produc & Ref Pub Serv (new). Pullman Co. Punta Alegre Pure Oil. .. Pure Oil 8% pf .. Rap Tr Sec w.i. RapTr Sec pt wi R Con Cop. . Reading. .. Remington Replogle Steel. . Rep It & Stgel .. s Spr 8% 10 407, 4 147 T 443, 25 63 Tl 647 Royal Dutch. St Joseph Lead St L&San Sran.. St L&San Srpf.. St L Southwn. .. St L South pf. San Cecil Sug. .. Savage Arms Seaboard Air L.. Sears Roebucl Seneca Copper... Shattuck-Ariz. . Shell Uniou. . Shell Union pt. . Stmmons. ... Simms Petrol Stnclair Oil. Sinclair pf. Skelly Ol Sloss-She: Lo South Pacific. So Pgrto Sugar Southern Rwy. . Southern Ry pf. Spicer Mtg Co. St Oll of Calif Stand Oil of NJ. StOilof NJpf.. 117 Steel&Tube pf.. 963 Sterling Prod 6115 Stew’'t-Warner.. 1174 Stromb'g Carb.. 85!, Studebaker. ... 1214 Submar'e Boat.. 13 Superior Ofl. Sweets Co of A.. 127 33% 98 29 B8 9 2% 833 6Tk 21t B34 » 13 Tenn Copper. . Tex Company Tex Gf Sulphur. Tex & Pacific. .. Tex & P C Oil Third Avenue. Timken Bear... Tobacco Prod Tobac Prod A Tobacco Pro pf. Trans Cont Oi! Transue&Will. . Union Bag & P.. Union Pacific Union Pac pf. Un Tank Car. . Un Alloy Steel. . Utd Dyewood. United Fruit. United Ry Inv. Utd Ry Inv pf Utd Retail Strs. U S Indus Alco. U S Realty. U S Realty p! U S Rubber. U S Rub 1st pt. U S Smelt&Ref U SSteel.. . U S Steel pf U S Tobaceco. Utah Copper. Utah Securitie: Vanadium Cop. Va-Car Chem Va-C Chem pf ValrCoal &C. Vivadou... Wabash........ ‘Wabash pf (A)». Waldorf Sys. Web & Hetbrn Wells-Fr Exp. .. ‘West Penn Co West Elec pt. ‘Western Md. Western Md 2d Western Unlon. Westhse E1&M. Westhse 1st pf Wheel & LE pf ‘White Eag Oil. 49% 1125 115% 24 112% 11% 24% 112 112 575% 57% ) 75 14% 14% 26% 267 B5u B5% 3% 3% S4% 3443 9 65% 66 2184 221% 68 674 68 10% 10% 10% *0ad lot. b, *t Call Money. . o HOURLY SALES OF STOCKS. 204000 12m... 11440700 zpm Wilson Co. Willys-Overld. 67% 10% Worth'gton(B). Wright Aero BUTTER PRICES DROP. CHICAGO, April 25—Butter lower; creamery extras, 39%; standards, 39%2u39%; extra firsts, 392391 ; Arsts, 38%4a38is; seconds, 38. Eggs lower: receipts, 32,882 cases; firsts, 25%; ordinary firsts, 24a24%;: miscellan- cous, 24%a25: storage pack -extras, 28; storage pack firsts, 27%. 13;. French Obligations Go High- |, 51 fruit - INFOREGN BONDS er—Czech Issues Score New High. Special Dispate® to The Star } .NEW YORK. April 25.—Forcign bonds continued their advance today t an accelerated rate. This was ticulurly - true of the French is- the direct obligations of the government “and the provincial and municipal issues alike. In the case of the City of Sossons 6s the advance: was four points, where the yield was about 7.85 per cent or approximatefy the same as that of- fered by the French §s and French 7145 at their highs today. All three is ‘rench cities, the Bor- | deans, and Marseilles s were up a point as were the Department of the Seine 7s. The Paris-Lyons-Medi- ! terranean 6% shared the improvement, and today's price for every French issue nawmed were new high records for 1923, Czechoslovakia $s also made a new Righ for ar, but are still mosd n = helow their high for all 1 on point. Trere tlation i Mexican 4s and Mexi- at higher prices. Outside the foreign iist the feature heaviness snd in some cases Weakness in cecond grade and specu- ative rails. The relief from agitation expected on the adjournment of Congress has so far farled to materialize. Favor- able earnings statements do not seem sufficient to-allay the apprehension or adverse regulation. New York, Westchester wnd Boston A1:s and ‘ew Haven bs were both lower, as were St. Paul refunding 413s. Balti- Imore and Ohio convertible 4ls {dragged along at their previous level, notwithstanding the high yvield they afford at the market. A few high- grade railrcads were fractionally higher. Liberties were gener SPECULATION CAUSE | OF ‘BOOSTED’ SUGAR| National Sets Forth Claims in i Weekly Letter. - { was renewed Iy lower Republican Committee Claim that “speculativn., not tariff ed suga the publicity bureau « the republican national committee in its current weekly let- ter explains comments on the rgpuu' of. th Taril¥ Commission and dis- cussed the action of the Department of Justice in bringing suit against ulleged speculative agencies. “It was charged by the democratie naticnal comanitt=e’s publicity bu- reau, by leading democrats and by & number of demagogues who do not classify themselves us democrats that tthe Department of Justice would {never do anithink in regard to the ugar situation,] the statement con-; tinues “Th ivestigation was start. ed less than six weeks ago. In the interim. agents of the Departn t of Justice have been in Cuba, have vis- ited the sugar maurkets, made ex- haustive examinations of books and records, have comp led the data gath- ered, prepared their case and have commenced, all of which is almost a record for éapedition in a case with 0 many ramifications and involving & problem of so great magnitude. “The u n of the Department of Justice in King to stop the specu- lation on sugar by an injunction is a {hard nut to crack for those dema- | | gogues who have been attacking the Courts and what they term ‘govern- H injunction.” It is the fa- nt of this class of ene- rocess that the in- ever ept against an or the faboring. man, that it is weapon only in the hands of the wealthy The invocation of the injunction as a legal weapon to protect the breakfast table of th workingman and bring the X y speculator to book conclusively shows the lsity: of such propaganda.” FEW VIRGINIA APPLES. Today's Receipts Light in New York—Potatoes Drop. the poor i Special Dinpiteh o The § NEW YORK. April he receipts of barreied apples continued light i from all up state districts as well as from Virg r orket held firm only for : well colored free from with the de- mand moderately firm. New York “A” grade, 23 inch Baldwi: ranged | from $4.50 to $6.00 per double headed barrel and Ben Davis from 3$3.25 to $4. i Florida new potatoes declined from $2.00 to $2.50 per barrel since ves- terday owing to the fncreased re- ceipts and continued light demand. Sales ranged from $9.00 to $10.00 per double headed barrel for No. 1 Spauld- ing Rose. Bermuda sold from $10.00 to $11.00 for No. 1 red garnets. The demand for the old crop sacked onions was moderate, for fancy sound i stock, Whereas poor to ordinary was practically neglected. The receipts of bfancy cnions coatinued exceedingly [light from all sections. entral and westera New York yellow No. 1 brought from $2.50 to $3.25 per 100 pound and new crop bermuda vellow No. ‘1 brought from 3$2.50 to $4.00 per crate. DIVIDENDS. Stock of Company Record. Am Smelting pf A Brooklyn Edison. .. Chile Copper .. Fire. Eite & R. pf. Toland:Steel . Inland Steel pf. Mass. Gotton Mii Norfolk & Western.. Q $1.75 June 19 Penn. Coal & (vke Q 29 May 10 Pullman C - Q 32.00 May 7. 8. Steel.. - Q 1%% Jun U. 8. Steel pf. Q 13 M Wright Aero. % Juge 1 -6215 June 30 J . 3178 Tuly 1 $3.00 May 10 SHORT TERM SECURITIES. (Quotatious furnished by Redmona Aluriinum Co. of Amer. 7s 19: Aluriioum Co. of Amer. 7 1933. 105% Amezican Cotton OIl 8s 1924, American Sugar 6s 1937. American Tel. & Tel. 6s 1924 Ankconda Copper 6s 1929, Anéconda Copper 7s 1920, Anglo-Anerican Ol 7igs 1925 Beil Tel. of Cana Bethichem Steel 7s 1923 Canadian Northern 51,8 192: Cent. Argentine Rwy. 6s 1927, Central Leather 5s 1925 €. C. C, &St L. Chlcugo Tel. bs 1023 Da Pont Tl 1981 Godyenr Tk A, o it Northern 1984, Hocking Valley 65 1924 Humble Ofl 5lss 1 Rasas City Term. 6s 1935, Kennecott Paul Union Depot 5i4a o Roehuek & Co: e 1h2i _STAR, WASHINGTON, D. C, WEDNESDAY, IFURTHER ADVANCES APRIL 25, '1923. | ON NEW YORK BONDS STOCK EXCHANGE l Received : by Private Wire Direct to The Star Office. For Revised Close of Bond Market see 5:30 Edition of The Evening Star. (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent _thirty - seconds. Example: 101-1 means 1011-32) Tigh. low. Close. 125 101-12 101-8 101-8 79 97-11 97-6 978 167 97-6. 97-3 97-4 310 98 97-28 97-30 Lib 4th 4% 709 97-14 97-9 97-10 Victory 4%s.. 29 100-1 100 _ 100 US4ys1962. 394 98-31 98-26 98-28 FOREIGN. Sales. High. 4 102% 17 102 1 97 20 102% & 108% 49 90% 75 82 20 82% 22 96% 1 100 30 7 % Lib 1st 414s. . Lib2d 4. Lib3d 43 Low. Close. 102% 102% 101% 102 § 96% 97 101% 102% 10874 108% 204 £2 824 964 100 101% 100 9914 Argentine 7 Belgium 7%s. Belglum 6s Relgium 8s. Bergen 85 Bolivia 8s. Bordeaux 6s. Brazil 7s Brazil 8s...... Canada 65 1926 Canada 65 1 Canada 58 193 Canala b= 195 Chile 35 1946. Chile .8 1926. Chile 851941, Chinese Gov Ry §: Christiania 8s. Copenhagen 55 Cubab%sw i Czechoslovakia 8s Denmark 8s. . Denmark 6s.. . Dutch East I 6547 Dutch East I 6s '62 Framerican 7'¢s vench Govt 88 T'rench Govt 715, Haiti 65 ctfs Holland-Amer fs. Japanese 1st 4138, Japanese 2d 41is. . Japaness 4s Jergen UM Gs 47, Lyons 6. A Marseilles 6 Mexico 5s. Mexico Gs large Mexico Montev Netherlands s Norway 8s Norway 6a : Paris-Ly’s-Med 6s 1 Prague 7135 Queensland Queenslande 2 Rio de Jan 85 1946. Rio de Jan 85 194 Sao Paulo.City,8s. Seine. Dept of. Serbs Crotes Slo $s 2 oissons 6. . Sweden fs Swiss Confed'8 Ud Kingm 51 29 Ud Kingm 5 Uruguay §s. 102 100 99'% 103% 1024 106 17% 1143 104 105 MISCELLANEOUS. Ajax Rubber 5a 4 981 Am Agr Chem 713 8 1024 Am Cotton Oil 58 67 Am SmIt&R st 5 871 A Sugar Ref 65.. 12 1021, AmT & Tev bs. .. 115% AmT& Teltrion 7% AmT&Tecltr4s Anaconda cv db Anaconda 1st 6s. .. Armour & Co 4143. Atlantic Refin &8s Barnsdalls f 8s Bell Tel Pa 58 rcts. Beth Steel rf o8 Beth Steel pm Gs. Beth Steel s f 65 Brier H St 1st 54 Edison 7s D Ed gen & Bush T Bldg 55 '50. Central Leather 38 Chile Copper 6s. . Chile Co; AR wanan=e imonwth P 6s Con Coal Md 1st Cuba Canecvds Det Edison ref 6s.. Du Poutde N 7% Duquesne Lt 7123, Dugquesne Light 6s I Cuba Sug 7138 npire F&G 71 Fisk Rubber § Gen Elec deb ss... Goodrich 6348, ... Goodyear 83 1931. Goodyear 88 1941. . Humble O&R 53 Indiana Steel Inc Mer Marine 6: Int Paper 1st 5s A. Int Paper 1st s B. Julius Ke 1o A vektasxhena 5 CISTEreT ) Liggett&Myers 58, Lorillard (P) Lorillard (P) Manati Sug sf Ba suanieao=tunan-~wnooaaa 991, i 100% 142 99% 87 0515 9% 981w 10914 80% 104% 1043 924, 9215 90 1075, 9314 99% 20% 899 100% 75% 107% 84 120 s 102% 99 100 984 85% 93 101 105 101% 984 103% 4 104% 974% Montana Power & Morris&Co 1at 41 w Eng Tel . ¥ Edsn 1st 6135 NYG EL H&P s NY Tel 6541 N Y Tel 6849 N Y Tel 4343. . N Am Edison 6s. 2 tes Pow orthwst B Tel Otis Steel 74 Otis Steel 83 Pacific Gas & El 53 PacT & T 5852, PhilaCoref 63 A.. Pierce-Arrow 88 . Producers & Rf §s, Public Service 5s.. Punta Alegre 7s. .. Sacks & Cos f7s.. Sharon Stl FL8s. Sinclair Of1 Sin Crude Oil 5%s Sin Pipe Line bs.... South Bell Tel Gs. . So Por Rico Sug 73 St Oil of Calit 78 Steel & Tube 7s. Fenn Elec Pow 6; Tide Wat Oil 6% Tobacco Prod sf Union Bag & P 65 Unit Drug cv 8: U S Realty 5s US Rub Istrf 5s U'S Rubber 7133, USSteels f5s. Utah Pow & Lt & Va-Car Chem 7s. .. Va-Car Chm 73%s'v rner Sugar . West Unlon 6%s Wilson & Co 1st 68 Wilson&Cev 7% Wilson & Co cv 6s. Winchester ATl%s 8 104 > » S " @ 2na8 997 871 107 1015 87% 90% 83% 102% 108 97y 99% 9387% 103% REFINED SUGAR NOW HIGHEST SINCE 1920 By the Associated Pre NEW YORK, April 25—Refined sugar was quoted as 10.25 cents per pound today by three local refiner: the highest price since 1920. Two re- finers quoted it at 10 cents. 103 FINANCIAL NOTES. W YORK. April 25.—The Ameri- can Smelting and Refining Company reports earnings for the first quarter of $3,637.000. which is at the rate of $14.60 a share per year. This com- pares with earnings during last quar- ter of 1922 at the rate of $7.50 a share per year: = An advance from $2.90 to $3 per 100 pounds in the price of wire nails has been announecd by the American Steel and Wirk Company, a subsidiary of the United States Steel Corpora- tion. ¢ The annual report for 1922 of the New Orleans, Texas and Mexico Rafl- road Company discloses net income of $1.721,793. as compared with $1,813 267 in 1921, 1% | RAILROADS. High, Low. Close. 86% (861 865 8% 78% 78% 85% 85% 85% 841 84 Bdk 96k 95% 76% T6% 100% 180% 79% 9% W% 81% 73% T3% U 9 64 64 7615 76% 76% 6% 93% #3% 93% 93% 89 894 88 88 118% 118% 1124 112% 78% 78% 89% 90 84 8 8814 88% 87% #2145 52 27 856% 8% 9% 50% 6214 Gan Canad Pac de Car Clinch gg‘si" Central Pagjfic 4s. Ches & Ohlo cv ;s Ches & Ocv 4144 . Ches& O.gn 41,5 Chi & Alton 3n. Chi & Ajton 3 ChIB&Q gn s753. Chi B&Q 1st v 55, rh! &Ellen 5. . Chi Great West 45, M & Puget S 4y ChiM&S Pre g1y ChiM&St Pov 5y, . Chi MESt P 4825 Chi M&S P ey 415y Chid&St p4say, CM&StPgn4lys ::'fn NW g1 &NW f:m.\-»s‘.. e ‘hiRT& Pacy Chi Un Sta 4150 " Chi & YW Ind cn 4s. CCC&StLrrgsa.. C&StL 413, Cleve Term 514 Colo & Sou 415 CubaRRss.... Del & Hudson 51 Den&Rio G con 4s Det Unitefl 4155 - R aBRaB = Gr Trunk s¢ db 6 Grand Trunk 7s. .. Gr North gen 7a. .. Gr North ren 515 s, Havana ERL&H 35 Hud & Man rof ga. Hud & Man aj 5x 111 Central ref 45 Il Central 5135 Int Rap Tran bs. .. Int R Transit 7a. Int & G Nor aj 6y, . Towa Central rf 43 Kan City F't § 4s Kansas City § 34, | ,\lnFllCl!ysE! & Kan City Term {a. Take Shore 43 - Lehigh Valley 6s. . Louis & N uni 4s. . Loufs & Nash 5155 Manhat Ry cn 4s. . Marlset Sten 5u. R i 4% 784 | 025, | 10115 0%y ‘ 1027 | €2 941 31 | 281 | Afi) s MaSL MStP & SSM 6 YR&TIn N MK & T prin s 4 MK&Thap ot MK&T6sC. . MK & Tadj 5s Mo Pacific 6 Mo Pacific 5565 Mo Paciflc gn 4 ontrl Tm 1st 5s. ew Or Term 4« . OTex & Minss ” | Y Cent deb 6s. .. 3 9 9 ! Y Cent deb 4s Y Centr 5. P o i Y Cen LS ol 3 6 1 58 63% orfollk & W cn ;:3_. Norfolk & W cv 1103 Northern Pac 3 60 N 24 orthern Pac oo o Northrn Pe 55 ret. 94 Ore & Calif 1st 5. QShort Len 5545 Ore Short L ref 4s. Ore-Wash Ist rf 43 Pennsyl gen gs. ... Pennsyl gen 43ss. . Pennsyl 6355, - .. Pennayl gold 7s. .. Pere Marq 1st 5s. , Rapid Tran 6s wi. Reading gen 4s. .. St L IM&S R&G is StLIM&S 4529 StL&SFplisA. StL&SF inc6s.. StL&SFadjcs.. StL&SFplésC.. SULSW istds. . StP & KCShE4Ls. 2 |Seab'd AL 4ssta. Seab'd A Liref 4s.. Seab'd A L adj Seab’d A L con 6s. Sou Paclfic ev 4s. . Sou Pacific ref 4s. . Sou Pacific clt 4s. . Southern Ry Ist 38 Southern Ry gn 4s Southern Ry 615s. Third Ave ref 4s. . Third Ave adj 5s. . Union Pac Ist 4s. . Union Pac 1st rf 4s Union Pac v 4s... Virginia Ry 1st 55. Wabash 1st 55 Western Md 4s. ... ‘Western Pacific 5s West Shore 1st 4s. Wheel & L E cn 4s. Wisconsin Cent 4s 2 TOTAL SALES (Par Value) 1la.m.. 3404000 12noon. 5710000 1pm.. 7073000 2p.m.. 8151000 L 34 JUMP IN COTTON €3% 72% 99 | 5! 6! 55 ¢ 43y 30% | 645 91% | 8% | 81% | 94Y 66% | 101 | 58% | bay | 90 82%4 58| 5% s By the Associated Press, NEW YORK, April tton ad vanced $3 to $4 per bale in the local market today, owing to reports of a better spot ' demand. unfavorable weather for the new crop’s start in the southwest and indications that trade interests were prepared to tuke deliveries of cotton next month. May contracts sold up to 28.66 and October 24.26 during the early afternoonm, o 67 to $2 points above l"msin; quotations. Buying was tive, BANK CLEARINGS. NEW YORK, Apri} w York banking clearings, $68,000,000 York bank balances, 371,000,001 York Federal Reserve Bank credits, $71,000,000. ¥ CORN AT NEW TOP. CHICAGO, April 26.—A new high price record for the season was touch- ed today-by the July delivery. Vir- tually no corn_was being offered to arrive here. Prices closed firm, & '°;: cent net higher, May, 81a81% t s1%. . ——— v FOREIGN EXCHANGE. By the Assoctate Press. NEW YORK, Avpril 25—Easy (Quo- tations in United States dollars). Britain, demand, 4.64; cables. sixty-day bills on’ banks, France, demand, 06771 ca blew, .0678. Italy. demand, .0434%z cables, .0495. Belgium, demand, .068815; cables, .0689. Germany, de- mand, .000035%;; cables, .000035%. Holland, demand, .3807; cables, .3910. Norway, demand, mand, .2665; Denmark, demand, d, demand, Poland, vakia, demand, mand, .3662; Brasil,’.demand, .108 Montreal, .98 6-33. . j1.00 11,0021, | bushel: No. 2 4{no quotations {to 21.00 per ton. H 3 {for lower grades and inferior hay, | Rig%s National Bank, is in Richmond | teing done, wheat averaged a little [ were followed | OF $4 PER BALE : { killing pigs, 6.50a7.50. L] 'FINANCI Grain, Produce and, Live Stock + LOCAL WHOLKSALE MARKET. Spring lambs and spring chickens are leaders in the meat and poultry market ! Because of high prices, however, the de- mand is not heavy, the market on the lambs being dull. There is u plentiful supply of other meats. Reports from New York and Chicago tell of the butter market being easier, Prices being about one-half cent lower. Steady was the condition reported of the egg market, with prices unchanged. Fgg prices have been stationary the past few daye. Eggs—Strictly fresh, selected, ean- dled, per dozen, 28; average recelpts, 27; southern, 2. _Live poultry—Roosters. per Ib.. 17: turkeys, per lb, 25a35; spring chickens, per 1b., 60; winter chicken: per 1b., 40a50; kea's. young, each, 6 fowls, 'per 1b., 23a26. Dressed poultry — killed spring chickeus, per 1b. win- ter chickens, per Ib., 45 per 1b, 30; - key. resh-| 70 Calves, choice. pe:- 1b. : medium, per Ib. 9agl: thin, 6a7. Lambs, spring, per Ib., . Live pigs, 3.00a5.00 each; live hogs, per 1b., 8. Green fruits—Apples. per bbl, 3.00a 7.30. California oranges, per crate, 4.30a5.50; Florida, 5.0a6.30. Lemon: per box, 4.004.50. " Grapefruit, 3.50a 50, Vegetables—Potatoes, per b 1. 2.00a3.00; per sack, 8.00a3. potatoes, Florfda. per bbl. 13.00: gweet potatoes, North Caro- lina, 3. 3.50; nearb; 1.00a3.50. Let- tuce. per crate, southern, 30aZ Romalne lettuce, per crate, 1.50a2.00: Tceberg lettuce, per crate, 3.50u4.00. Cabbage, southern, 2.00a2.75 per basket. Eggplants, per crate, 2.00a3.50. Toma- toes, per box, Florida, 2.00a4.50. Beans, 2.00a3.00 per basket. Peas, 3.00a6.00 ner basket. Peppers, per crat ida. 1508400 Kale. per bar Spinach. per barrel, 1. Celery. per crate, Florida, %75a8. Squash. 2.50a4.00. Florida lima beans, 4.00a5.00 per basket. South Carolina , No. new 10.00a April 25 (Special) Potatoes—White 100 Ibs., 1.25a2.25 2.0083.50: new potatoes, bbl £.00415.00; bu., 1.75a4.00; sweets, bb 1.5042.50; bu., 50a85: yams, bbl, 1.50 bu.. 50as3. Asparagus, doz., X 00. Beans, bu.. 1.0082.50." Beets, 100 bunches, 5.00a8.00. Cabbage, ham- per. 2.00a rrots 100 bunches, 5.00a8.00. Celer: 1.50a2.50. Eggplant, crate, 2 . Horse- | radish bu., 2.50a3.00. Kale, bu. 4 45, Lettuce basket, 1.00a2.50. Onions, 100 ibe Spring onions, 1bs.. Peas bu Peppers, . 3.0084.50. basket, ~ 1.00a1.30. Rhubarb, hunches 600a8.00. Spinach, bu., 50a 75. Squash crate, 2 matoes, crate, 1.50a4 Apples—Pacised. bb! : bu., T5: box apples, 1.75a2.75. Grapefruit, box, 2.50a4.00. Oranges, Lox, 4.00a6.50. Strawberries, qt., 25 a4 i i Selling Prices at 12:30. Wheat—No. 1 red winter. spot quotations; No. 2 red winter, spot,| 1.423%; No.'s red Wwinter, spot, no quo- | tations . red winter, garlicky,! 1.41; No. red winter, garlicky. spot, no _quotatons; April, 1.41 Sales—None. Corn—Cob corn. per barrel; new, 470 and 4. contract, spot, %1 orn, spot. S4%; No. 4, track corn. vellow. No. 3 or better, $3 and 94 per bushel | Sales—None. Oatsa—White, No. Tush N H i 2. 55%: and 56 per 5433 and 55 per bushel. 80250 per Lushel; No. eXport, spot, 953y per 3. no guotati Receipts. S8 tons; ample ceipts for all trade wants fronw 17.00 The market is dull vestern bushel; No. Hay- | which is of uncertain value. No. 1 tanglea rye, 1300a ! wheat, 12.50813.00; No. 1 oat, nominal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE. April 25 (Special).— Live Poultry—Chickens, 1b., 35a36: poor and thin. 25: winters, 40a4s: springers. 55a80: leghorns, springers, 45a50; old hens, 26a27; small and leg- | horns. 25; old roosters, 15 al6. Ducks, 23a25; small and poor. 20a21. Pigeons. pair, 35e40. Guinea fowl. each, 40as0. Eggs—Loes off: native and nearby firsts, doz., 25; southern, 24. er—Creamery. choice to fan: prints, 46a47; nearby creame rolls, 37al9; store .packed, ¢ prints, 40. 36 TODAY'S CHICAGO PRICES. CHICAGO, April 25—With indica- tions of considerable export business higher early ticular. market in price to during lhel dealings, May delivery in par- | The fact that the Liverpool | showed less firmness than | the majorit of traders here had| looked for tended somewhat to re- strain buvers. This was especially ; the case in regard to the new crop | months, July and September. Open- ing price: which ranged from 1, cline to with May, 1351 to 1.233 1233 to '1.231;, some slight de- clines and then an all-round rise above vesterday's finish. Eastern buying gave some inde-: pendent strength to corn. After open- ing % _cents off. 10 a shade advance, May, 80% to 80%. the corn market scored gains for all deliveries, Oats were governed by the action of corn. Prices started unchanged to gal; lower. May, 45%. and later showed slight general gains. Provisions were weak in line with hog values. WHEAT - Open. M . 1231y bt : September CORN ALY 1140 . 985 10.00 CHICAGO LIVE STOCK MARKET. CHICAGO, April 25 (United States Department of Agriculture)—Hogs— Receipt: .000 head; slow: light, 10 to 15 lower; butchers. steady to 10 lower: top. 8.10: bulk. 170 to 210 pounds .weight, Z 5 Lo 82 pound butchers. 7.60a7.90; packing sows, mostly, 6.1086.35: vigs dull; . 7.40a7.85; medium, 7 : light light, 100a8.00: packing sows, smooth, 6.40a 6.90; packing sows, rough, 6.00a6.50; Cattle—Receipts, 11.000 head: beef steers and yearlings slow; weak to 15 lower: early top matured steers, 10.15; long yearlings, 10.00; bulk beef steers, 8.25a9.50: several loads heavies early, 9.75a9.90: yearlings and light steers proportionately numerous: Killing quality fairl. fed Nebraskas in moderate she stock scarce, about stead: heifer yearlings slow: bulls steady to weak; ather classes steady: one load half-fat feeder on Mineral Point, Wis,, account, 9.00; few lots thin feeders out of first hand, 6.65a7.85; bulk_de- sirable bologna bulls around 5.25 bulk vealers to packers, 8.50 down- Jiard; tew calves to shippers, 9.50 Sheep—Receipts, 13,000 head; slow: early sales around steady; top wooled lambs, 15.00; few lords vajo down to 14.00; clipped lambs mostly 11.00a 12.00; some held higher; few native spring lambs,” 15.00217.00 to packers: heep scarce, around steady; one load 104 pounds clipped ewes, 7.00. — TREASURY CERTIFICATES. (Quotatieas furaished by Redmong & Co.) s June 15, 1928. ... & September 15, 1923 41l Beptember 15, 1673... 48 December 18, 1025.. . 434n March 15, 1624, 54s June 13. 1024, Wt RS 1 arc 448 June 15, 1935, . 4%s December 13, 1025. 485 Mevch 13, 1826, 4}%s September 15, 1926 %8 December 15,1927, | ferred at jcome taxes. | American Tel. & Telx i Amer AL. aimilil - MILLIONS ARE DUE T0 BONDHOLDERS Interest on Liberties to Ag- gregate of $58,314,380 in Treasury. BY I. A. FLEMING. S. P. Gilbert, jr. undersecretary nt the Treasury, is authority for the Statement that there are now out- standing matured coupons on liberty bonds of an aggregate value of $5%.- 314,380. It is probable that a large number of these coupons will never be presented for payment. Treasury officials are recelving fre- quent information from banks and post offices to the effect that mans bolders of coupons believe that they must pay instead of receive interes!. Tt is also believed that many hoMers of liberty bonds have cashed coupon as they muture and then, thinking the bonds of no further value, de- stroyed them. Some owners are evidently too igno- rant to know just what to do with their coupons, while the bonds de- stroved by accident, stolen and loat will help to account for the big block of uncashed coupons. But there are other evidence of gov- ernment_indebtedness, matured and upon which all interest has ceased,. still in the hamds of the people or destroyed. Treasury certificates call- ed for redemption to the amount of $7.000.000 are still outstanding and other items unpaid that bring the gross amount upon which interest has ceased. including the liberty bond coupons, to $84,032.380.26 . While the government is the gainer through the neglect that perm money due to remain in the Treasury, the people who bought the securitiea are losing large sums of money that they can probably {1l afford to lose. Local Stock Market. A sale of 100 shares of raflway pre- was the most important ction on a dull local market This was a slight fractional gain. Nailway common was entirely nominal, 68 bid and 683 asked. Washington Gas shares were firme: advancing to 493 on restricted sales A sale of 100 shares of Washington Market at 42 marked a fair advance in this stock. Elsewhere in the list there were very few saies worthy of comment. In the bond section Georgetown added another haif point to itw price, when it sold at 8913. Traction 58 were a little easier at 95%. and Railway 4s »#d at 11% to 11%. Big Banks Show Losses. In the face of the great gain in de- posits made by banks of Washington between December 29 and April 3, the dates of the two latest calls of the comntroller of the currency. it is inter- esting to note that thirty-four of the Jargest banks of the country, Scat- tered Trom Xew York to Loe Angelor showed an aggregate loss in deposit< etween the same calls of $363,000,000 Bo: Offering. Redmond & Co. are offering $500.000 City of Chattanooga 412 per cent pub- lic improvements bonds. at par and ac- cried interest to yield 413 per cent. The bonds are exempt from all federal in- The assessed valuation of taxable property within the city of Cha'- tanooga, as officially reported, is ,'v 628,275, compared with a net bonded - debl of $5.307.458 Peraomnal Mention. Charles 1. Bell is fn New York eity rl Amich, assistant cashier of the in extendance on the Credit Men's As- sociation meeting. B. i Saul i3 at Rye. N. Y. in a tendance on the meeting of the A A. executive council _— R gWashington Stock Exchange SALES, goanital Traction—$1.000 at 95%, 31,000 » 5 Continental Trost Co.—10_at 90 Lanston Monotype—4 at 8. AFTER CALL. Ge—$1,500 at 80%; ket Co,—100 at 42 3 ne. 5 and 6 per cent Rwr. & Eiec. pfd.—100 at 7o BONDS Bid and Asked Prices. PUBLIC UTILITY. R 0113 Askrd G 102 0% 18- B American Tel, & T-\ll.‘l' ) . Tel. & Tel ectl, tr. 3a. Am. Tel. & Tel. conv. 8s. . Auscostin & Potomuc 0s. Anacostia & Potomac gusr. Js. CC P "Terephone os. C & P Teiephone of Capital Traction R. R. U8 City and Buburban s Georgetown Gas 18t 08, Metropolitan R. R. Potomac Biec. 15t Potomac Eiec. cons. 54 Potomac Elec. deb. 8s.. . Pow. & m. 6. Fl. Pwsg. m. & & M V. B L& MV alto. & Anoa| iington Gas 5. Washington Gas 745, Wash. Rwy & Elec. 48 00000 Wash. Ruy$& Elec. g. m. 8t MISCELLANEOTUS. D. C. Paper Mfg. 6s. Rigzs Reaity Sa° (1 Riggs Reaity 5s (short Security Stor. & Safe Dép. 6r.. h. Mkt, Cold Storage O Wardman Park Hotel 6s.. STOCKS. PUBLIC TTILITY. American_Tel. & Telgt Capital Tracti z ‘ashington Gas rolk & W ‘ash. Rwy. & Elec. com ash. Rws. & Terminal Taxl com Terminal Taxi pt Steamboa! Capital Columb Commercia District . Farmers & Mechanics Federal-Americal TRUST COMPANY. American Security and Trust 1 Trust .. i Beventh Siree United States. ‘Washington M American Corcoran Firemen's National Union .. MISCELLANEQUS, Columbia Graphophone com. snlu.llhl\‘l‘ onp);:nm prd. Merchants Thanie & Storage Mergenthaler Linotype 01d Dutch Market com, 0Old Duteh Market ptd Yellow Cab. *Ex dividend. —— BAR SILVER QUOTATIONS. LONDON, April 25.—Bar silver, 11-16 pence per ounce. *Money. ‘134 per centg Discount rates—Short bills. 1% per cent; thres-month bills, | 16-16a2 per cent. NEW YORK, April 25.—Foreign bar silver, 67%: Mexican dollars, 51%. ag vgtw bmtf gtiw tfagfwafsiwal