Evening Star Newspaper, September 7, 1923, Page 28

FINANCIAL. 28 5 RALS TAKEN P |AJ¢IX Rubber. .. Alaska Juneau Allied Chem. 1 Allied Chem pf. {Allis Chaimers.. Am Ag Chm pt.. Am Beet Sugar. Am Bosch. .... Am Brake Shoe. Am Can.. .. ! Am Can pf. | Am Car & Fad 1 Am Chicle Co. Am Chicle pf —The | Am Cotton « lic has not been frighten-{ Am Druggist Am H & Leapt. Am Ice. < | Am Ice pr . Am Internat. ase its i Am Linsecd. ... and vonds. The|Am Locomotive. the non-pres- | Am Smelting TAmM Steel Kay clement seems to ! Am Stl ¥d pr dangerous W A Sugar. ed. it is Well | am Sumatra. s ana | Am Tel &1 ® iro- | Am Tobaceo to ' Am Tobac (13). and | Am Tob pf (u).. me- | A Water Whs! Am Wooien | Anaconda up | Ann Arbor pf. { po- ' Arnold Consiab. immediate prospects of | ASSo L Gouds. <tressed until it was drop- | Atchison. e temporary favorite. |Atchison pf. 5 { AGan Bir Naymmec 1 Atlan Cst Line e | AUARUC GuiL nip- | Atlantic Ref.. .. -1 Ausun Micuo.s. ' Auto K; i Baldwin Loco. .. “I| Balto & Onio ! Balto & Ohio pf. 3 | *Bank of Com ) i Burnesdall (A). Latopilas Min. . Beeehnut Puck. | Beth steel. | Beth Stl | Booth Fish Eklyn Edison. .. Butte Copper. | Butte & Super. | Butterick. Market Largely Professional, as Public Is Alarmed by . Unsettled anditions. e Star. eptember Special Dispateh 1o SW Y general pu ed by the ¥ ts of ti investment nentous news develop- st into selling holdings, but neithe me week its stoek among purchases of general feelin mal trading «lthough has been b o go slow for a time This has left tradir bonds largely in the fessional specluators some extent, for the uncertainty manifest eht dealings on tl what ligh L e taken be a in st hands of nd accounts. ex- ail one afte sition each wer ped for nd raetional \e of the wces on b Dupont and the Stocks were fes while some of profit taking sioved them v's level stion: a Can, ment up_ side soft and cialtics Thursd Oone the tures the in o o ressing_f vils deeren ve r to N7 however moviy attribut Sl for Crop to withd purpe Bank of 1 that « ing steadily woise but thix bhas been the case that little fcance is a repetition of the statement \a ¢ Mark in U, S ireulation of paper cur 3 om 116 ) VGO0 mart k to atement (n). \dition W - were that « i attached to so 1o Giohe. Calif Petroi. lahan Zin Canadian ac. .. 2l b | Central Leatn kL ! Cent Leath pt. f s { Cerro ae Pasco. ndicr Mot. p & Onlo | Ches & O pf w i. | Chi & Alton. {Chl & Ajton pt Chi Great W pt. (ChiMit & SL. .. ! Chi Ml &5t ¢ pt. {Chi & Northwa. Chi Pncu Tool (C R & Fac. .. Chi R 1&P6% bf. | Chi R I&P 1% pt | Chile Copper . Chino Copper . Cluett Peabody. ! Coca-Cola. | Colo Fuel. i Columbia Gas... | { Columbn Carboc Comp Tabulat.. ! Cons Cigar. . {Cons Gas of NY. ! Cons Textile | Cont Can.. iContinental Mot Corn Products. Cosden & Co. | Cosden pf. Crucible Steel | Crucible Sul pt.. | Cuban-Aw Sug { Cuba Cane Sug Cuba Cane S pet. Cuyamel Fruit.. 06, 106.000.000 mark ho longer ite value concerned. ¢ hus disappeared S0 Tapidly t annot _be asured e for in act that the I last we The mark m i a defi is iy practic vk fluctt ments where | Cha low cotrienl Stocks Adva 1 Westinzhouse which ook Locomotive Moreover, the same evidently behind stocks. Earn- companies have inere orders on their and the id inz benefitted by gre ym the orfent was a h . the oil comps following fractional declines « xicn. What selling ¢ aoubtedly influenced b e nu Wigh production and the further r ductions in ouotations for gasolin Cesden, Phillins Petroleum nd Refiners all got low noints. while cans were especial was no meetin « Tan-American directors today understood that they will me week for dividend action. Allied Chemienl Rumors. Discussion has been revived con- cerning the vossibility of Allied hemical and Dye oration’s rais- e Tis dividcnd above. the vresent 4 Aly. but the reports not scriously by people Allied ~ Chemical vanc, in the husin dem ful curred Wi the con Davidson Chem. Lel & Hudson. ! Detroit Iidison. . Dome Mines. | Douglas Corpn. Dupont (£ 14)... | Eaton Axle & Sp | Elec Stor Bat. Erie. . Erie 1stpf.. " | Erie 2d pt. | Famous Players | Fisk Rubber | Fleishman. Foundation Co.. ! Freeport Texas. | Gen Asphalt. Gen Baking. | Gen Eiectric { Gen Elec spl Gen Motors Gen Mot 6% deb. {Gimbel Ercs i Gimbel Bros ar who b affai It was noteworthy t toward the close of @ week in which the outside news was unusually disturbing. and apinic its effect was divid- ed. price stock exchange to- day were little changed from the level at the beginning of the month Whether the advance which five weeks ago w ther the market w al reaction. was by much-moot- nt Crosses 140, number of frature a0 interest. DuPoni was on rising steadily across the 1'and establishing & new top for vear. Expectation of higher divi- dends nd the incentive sup- plied by prospectiv it from Du- nt's artifi ol vison Chemi i Goodrich. Goodrich pf { Granby Consol.. { Gt Northern pf.. { Great Nor Ore. 1 Gulf Mo & Nor.: 1 Gulf St Steel . {Hanna (M A) pf. Harbishaw Cab. Hayes Wheel. Hendee Mfg. Househ'd ¥rod.. Houston Oil. | Hudson Motors. Hupp Motors. i previous Hydraulic Stl... independents held | pyinois Central. their ground. American Locomotive | i B reRreT is eredited with support from mew {yip Yo ic: " pool interests, but it was not active- Inspiration. iy bought today. o The upward movem the to. | interb Rap T+, haccos seemed to have ed, while | In Ag Chem pf.. Tallin- | Int Cement. profit-taking in such #on and Kayser.made itself felt. In Combust E. ! Int Harvester. Rails Are Afternoon Feature. | IntHarveestere:. The oils were irregular and inclined | pit 8o Hirane” toward heavin while some buying | jne Nierer came into the way list, with some ; At SHeRe fractional advances. e ABie For while inte noon k market centered in the | Iron Products. o Island Oil. .. ¢ share list. where a spurt of | caused advances of a fraction | yew el Tea pt Jones Tea. of a point to about two points in a number of issues. Southern railway, Rock Island, New York Central, Chesa- | Kansas CItxS. . peake and Ohio, Northern Pacific and | Kayser (Julius) Baltimore and Ohio were leaders of | Kelly-Spr Tire. . the rally, and several other members | Kennecott. Keystone Tire Kinney G R. 140 al had another of precipitate declines, but the stock crept back over the ground lost in the early tradi H vere not a [minll st as on Thurs e® com- won remained firm, while Gulf Sta Steel fluctuated ar ing_prices, and in t in the after- Open. 9% 63's 7 * 6 108% 44% 40 33 351 72 99 10/ 164% 10% 45 % 4% 43% 96 82 1978 20% Ty 58ty 37 100 0% 4 12.% 150 149 1ozl 40 37% 40t 24 16 b3 106% 3% 4% 281 14 12 36 23% ki T 27 12% % Tow. b 65 1 6% 108% 42% 40 324 34 2 98 107 164% 10% 45 High. 2% 17% 40 32% 88% 4% 5674 Close. | 9% ! 65 | A Kl 68'a | 108% 41% 40% ! 82% | 34 % az 981 107 1644 104 ) e | 74| 4% 43% 96 82 201 10% | i | Pitts Stes 1 Pitts & W Va. N ¥ Dock pf. .\ NYNH&Hartfd. Nor & West pf. . North Amer. North Pacific. Orpkenm Circutt Otis Elevator. Otis Steel. . . Owens Bottle Pacific O1l . Packard Motor . Pan-Am Pete. .. Pan-Am P (B). Tennsvivania Penn Seabd Stl. People's Gas. Pere Marquette. Philadelphia Co Philip Morris. .. Phillips Pete... Plerce-Arrov . Pierce-Ar prior. Pitts Coal pf e Postum Cereal, Produc & Ref. Pub Service Pub Serv § Pullman Co. Punta Alegre. .. PureOfl.... Rap Tran Sec pt Ruy Con Coppe: be.. 1 | Reading..... .. Reuding 1st pf. Readini 2d pt.. Remington. . Replogle Steel. D Ir & Steel. . vage Arm hulte Stores. . eaboard Alr L. Sears Roebuck. 1 Seneca Copper. Shell Union. ... Simms Petrol nelair OLLL heflield. . South Pacific Southern Rwy. . Southern Ry p*. Oil of Calif. .. tand Oil of N J. . 119 Received by Private Wire Direct to The Star Office 43 12% 13% 72 72 e e 60 61% 18% 18% 19 9% 5 84% 13 9% 581y 4 0fNJpf.. L Sterling Prod. .. Stewart-Warnes Strombg Carb. . vdebaker Submarine Tenn Copper. .. Texas Company Tex Gulf Suiph. Texas & Pacific. Tex & PC& Oll. Third Avenue. .. Tide Water Oile | Timken Bearing Tobacco Prod. .. Tobacco Prod A Trans Cont Oil Union Pacific Un Tauk Car. .. Un Alloy Steel. ! 86% 19 32% 51% 26% 20 2% 106% 3 34% 28% 14% 12 364 23% % T% |- 26% lus ( | 41 U S Realty Utd Ry Inv pf. Utd Retail Str. Cast I Pipe. US Cast Ir " pf. U S Food Prod. . S Indus Alco, US Realty p U Smelt & R pr S Steel. ... U S Steel pt CUtah Copper. . Ctah Securities. Vanadlum Corp. Van Raalte. Va-C Chem pf.. Va Ry & Power. Vivadou Wabash Wabash pf (A). Web & Heilbrn. Western Md.... Western Md. 2d. Western Urion. Westhse E1&M. Wheeling&L E. Wheel & LE pf.. White Eag Oil. . White Oil Wickwire ‘Wisconsin Cent, Woolwort * 0dd lot. Call Money an 7l e as 285 NEW YORK STOCK EXCHANGE Close. 43 12% ‘12 22 60% | 18% 9 65 100 943 421, £3% 17 50 18% { under” which 36 10% 6o ! 10% 18% 107 60% T 13y 21 N 8 6% 70 2815 249 249 249 249 281 4% HOURLY SALES OF STOCKS 139 900 12m.. 209 000 Swift & ( g September 11— United Profit September Stromberg Cs American. American Express Montana Pr. C Montana Pr. September 14 Allied Chem. and Dye pf.. American Can Co. D Trooklyn Union .. L. Cramp & Sons Ship and Guif States Steel 8% Gulf States Steel 123 77 9% P % 70 53% 18% 40 825 3¢ 5 57% WOULl Pt . 231 £00 . ¥iENS of abating so that October in | before ; 000 SETTLE CLAIMS. Interior Department Acts in Long 0il and Gas Dispute. Each of the applicants for oil and gas leases in the Red river district bordering on Oklahoma and Texas IMOVEMENTS MIXED . IN BOND TRADING Union Pacific Issue Help to Sentiment—Rails Show Considerable Strength. BY GEORGE T. HUGHES. Special Dispateh ™ The Star. NEW YORK, September 7.—Under the sway of conflicting influences jbond quotations moved irregularly The Uilon Pacific new refund- | Ing s, offered at 9914, to yield about 515 per cent, were well taken, and i this helped sentiment considerably. | Inasmuch as the Union Pacific re- | funding mortgage does not admit of an interest rate in excess of 4 per ent the additional 1 per cent is se | cured by a second lien. The arrange- tment is somewhat similar to that the Southern railway 6% were issued. The new honds they promptly sold at a premium_over the offering price. Both the Union Pacific first 4s and the refunding 4s. the latter secured under the same mortgage as the new 5s, sold frac- tionally lower. Several Strong Features. There were several strong features among the other high-class rails and industrial. notably Kansas City Southern 5 and General Electric de- benture New York C(entral 5s were heavy and Great Northern 5%s. a bond of ‘slightly lower grade, were in =upply at less thun a point above ltheir low record. There was little {change among the liberty In the foreign group the Japanese government loans, City of Toklo s and the Oriental deveiopment 6s all moved withiz a narrow range around previous closing prices. The real feature here was the strength in French governm s - continued w n 7w, The atter made another v low record, while both the ‘neh issues made new highs on this avery. The solving of the repara- tions problem on which the financtal future of France depends could hardly ccomplished without at the same rengthening the security back Austrian is. Austrinn Honds Thrown Over. kress in the Austrian 7s may artly due to the Italian . but not entirely, as the began before the trouble. A probable explanation is that was more speculative buying of Austrian bonds than anybody r 1. and now that they are sell- ing lower these speculators are dis- 16sing of their holdings. Little interest was shown in the speculative rails. New Westchester d Boston 4':s ran up a point, These ! Westehester be are now 8'; points lahuh the low made in July, but more than 10 points below the high last January. Their merits depend upon the New Haven guarantee. Industrials were dull. American Writing Paper < <old around their recent low. and International Mercantile Marine 6s lost a part of Thursday’s gain. Trac- | tions were st VIOLENT ADVANCE INCOTTON MARKET iFor Third Successive Day e Aus- fre velopment “line i Shoot Steadily Upward. i BY RGE DE WITT MOULSON. NEW YORK, eptember T.—For the third successive day cotton ad- vameed with violence and near posi- tions reached a is of over 2613 centr early today. So active had be- ome the buying by domestic and for- ixn spinners as well as by a specu- ive public that prices have shot lap without a halt. | Apprehension abroad 8 showed { Liverpool ithe clo i | set-back ‘which led { tate about | further | “This brought out enough cotton on {the call to cause an unsetiled tone \for a few moments, but trade buy- ing orders soon appeared on a seale that lifted October half a_cent from opening figures within an hour. An enormous amount of cotton {changed hands, the quantity for sale proving far below demand. Rains, Inflame Sgntiment. Additional rains in’ the lower Mis- sissippi valley and in Texas, where fields are white with cotton, served to_inflame sentiment und trading cofftinued to reflect a degree of ex- o not “witnessed since the fcrop of 1923 became the center of linterest. Action_of the market ghe past week reflects the sudden apprehen- sion over | of raw material in both domestic and iforeign trade circles. In addition to trade calling and new buying on an extensive scale, speculative interest increased - rapidly and the moment this occurs price fluctuations become wider. Tt is natural that growers should offer more freely on so substantial ia rise in value and also that the more conservative trade interests should ! be-more inclined to hold off pending {some readjustment in the market which would provide a better buying lbasls. rose to nearly 15d. there today. An opening ad- bad was followed by a sharp of thirty American many ‘operators to hesi- following the advance COTTON QUOTATIONS. “Prices in Near Months ¢ no | points | the question of supplies 'ON NEW YORK e Received by Private Wire (Sales are in $1,000.) 1 UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Low. Close. {Lib3us . 99 99-30 99-30 Lib 18t 4%s 6 98-1 Lib2d4%s... 179 98 Lib 3d 41;s...1405 98-22 Lib 4th 45 . 208 958 S41451952. 185 99-22 FOREIGN. Sales. High. . 60 101 . 42 864 28 99% 26 99% 87% ki 81 95% 100% 101 100 98% 103% 109% 89% 99% 93 107% 955, 9% 963% 96 100 954 80% 82 955 9214 91 78 77 6% 77 334 9% 110% 95% 89 1% Argentine s Austria Belgium 7 Belgium 6s Belgium 8s Bolivia 8s Bordeaux Brazil 7s Brazlil 8s Canada 5s 1931 Canada 5s 1952 Chile 85 1941. Christianfa §. Cuba 5lswi..... Czechoslovak:a 8s. Denmark 8s Denmark 6s. DutchE15%s. .. Dutch East 1 6s'47.111 Dutch East I 6562, 30 jFrench Govt $s....139 i French Govt 71:s..177 Halti6s. .. Holland-Amer 6s. Ttaly 6125 1925 Japanese 1st 4 Japanese 2d 434s. . 3¢ 25 M 6s°47.. 25 Marsellles Mexico 4 Netherlands 6s. Norway 8s. Norway 6s........ Orlent Dev deb 6s. Paris-Ly's-Med 6s. Prague T1s.... Queensland 6s. ... Rio de Jan $51946. Rio Gr Do Sul 8s. .. Paulo.State,Ss. :, Dept of, Ts. erbs Crotes Slo §s olssons 6 Swiss Confed $s Tokio bs.... Ud Kingm bls ' Ud Kingm 5135 " Ud Steam Copen 6s Uruguay 8s. Zurich $s. MISCELLANEOUS. Am Agr Chem 4 AmT & T ey 6s AMT& Teltris Am T & T cl tr 4s Anaconda cv db Anaconda 1st 6s Armour & Co 41 Barnsdall s f 8s. Bell Tel Pa 5 Beth Steel 51 i Beth Steel pm .. I Beth Steel s f6s. " Brier H St st 5158 Bklyn Edison 78 D Bklyn Ed gen 5s. .. i Central Leather is Chile Copper 5s. .. Commonwth P 6s. Con Coal Md 1st 55, Cuban-Am Sug 8s. Cuba Cane cvd 8s. Det Edizon ref 6s. Diamond Mth 7ts, Du Pont de N Tigs. Duquesne Light 6s. ¥st Cuba Sug 71:s. mpire G&F Tlzs Fisk Rubber 8s. Gen Elec deb 5s. Goodrich 61 . Goodyear §s 1931 Goodyear §5-1941. . Hershey 651942, . Humble O&R 5155, Illinois Bell 1st 5s. 1 Indiana Steel 55 { Int Mer Marine 6s. Int Paper 1 KCP &Lt Kayser (J) Kelly-Spring 8s Lackawa § melcandosase —-to aal Mer & Mfg s € Mexican Petrol §s {Mich { Midva Midvale Steel 5s ct.. i Montana Power 3s Torris&Co st 41.58 Y Edsn 1st 6 Y Tel 6s°41. Y Tel 6549 Y Tel dtys Am Edison 65 orthwst B Tel 7s. Otis Steel 71y Pacific Gas & Pacific T & T 5s PhilaCoref 6s A.. Pierce-Arrow 8s. Producers & Rf §5. i Public Service 5s Punta Alegre 7s. Ix - B AN E D R ——— N B B R - EeaBroan3o {Saks&Cosf7s... Sharon Stl H 8s Sinclair Oil 7s. .. Sinclair Oil 6%s. Sin Crude Oll 6s Sin Crude Oil 532s. Sin Pipe Line 5s. Steel & Tube 7s Tenn Elec Pow 63 Tide Wat Oil 613s 3 102% Toledo Edn 1st 7s.. 106% ] Union B=g & P 63 975 Unit Drug cv 8s 1114 USRub1strf ds.. 86% U S Rubber Ties. 106 U S Steelsf is. . 101% Utah Pow & Lt bs 884 VertientesSug 7s. 9674 Va-Car Chem 7s. 86y Va-Car Ch T%s w 6945 Warner Sugar 7s 1021 Westinghouse 7. . 106% Wilson & Co 1st 65, 95% Wilson&C cv T4s. 96 Wilson & Co cv 6s. 86% { Winchester A 7%s. 103 Youngstn S& T 6s. 99 1024 106% 97% 1114 86% 106 | 101% 8815 974 | 6% | 694 10216 107% 95% 964 86Y% 10815 99 » 9 EXT L TIPS ST - - 8 10 2 3 6 99 Direct to The Star Office. RAILROADS? Sales. High. 11 88Y% 1 80 1 81% 2 95% 25 7% 15 .11 Atchison gen 4s. Atchison adj 4s. ... Atlantic C L cl 4s. . B&Oprin3is. B & O gold 45 B&OS6s.. B&Ocv4ly B&OSWdiv3 B& O Toledo 4s. ... Bklyn R T bsctfs. . Buff R&Pitt 4%s Canadian North 7s. Canad North §%s. . Canad Pac deb 4s. . Cent of Ga 6 i Central Pacific 4x. Ches & Ohio cv 5. Ches & Ocv4tis Ches & O gn 414 Chi & Alton 3s. . Chi & Alton 3158 Chi Great West 4s. Chi M &St Prfaie Chi M&St P cv Chi M&St P 45" . Chi M&S P ov 434s. Chi& N W 7s Chi R¥s 5s ChiRT&Pgn 4s.. ChiR1& Pacrf 43 Chi Un Sta 61s.... Chi & W Ind cn 4; Chi & W Ind 7%s. . CCC&StLre6s A .. Cleve Term 5 Colo & Sou 4 Cuba RR5 Cuba RR 71 Del & Hd 1st rf 4 Del & Hudson 5%s Den & Rio G en 4s. D& RG Istrf Det United 47 Erie 1st con 4 100% 814 94 64% 12 88% 113% 13 80 101 87% 89% 86% 83% 55 32 47% 53 60 78% 59 106% 7 1% 74% 113% 70 7 102% 101% 102 8215 8525 1024 8514 99% 72 43% 86 587 49% wvuESanso wmmn o = P USRS TS Erieconv4s B, . Erie convisD. . Gr Trunk sf db 6s Gr North gen Gr North gen 5 Hud & Man ref Hud & Man aj 5 11l Central ref 4s 11l Cent ref 5555, . | 111 Central 5125, Int Rap Tranys. Int Rap Tr 5s stpd. Int Rap Tran 3 Int Rap Tran Int & G Nor aj 6s Int & G Nor 1st 6. Kan City Ft S 4s Kansas City 3: Kansas City S s Kan City Term 4s Lake Shore 4525, . Lake Shore 4s'31. . Louis & N 5s 2003 StL Istrf4s.. MStP & MStP & IMK&T1s MK & Tprinds MK &T4sB. MK&T6sC.. MK & T adj os. Mo Pacific 6s. .. Mo Pacific gn 4= N O Tex & M N Y Cent gen N Y Cent deb 6s. NYCentrijs.. New Haven c d 63 New F Northern Pac 3 Northern Pac 4s. .. Northn Pacri 6s.. Northern Pac 5s D. Ore & Calif vl gen 5 .o 1gen 41:s.. 16 Pennsyl gold ! Pennsyl con 412 Rapid Tran 6s Reading gen 4s. RIArk & L 4 St L Fpl4sA.. [StL&SFprinss. StL & St L& Finc 6s adj 6s ab'd A L 4s sta ab'd A L ref b'd A Ladj ab'd A L con 63 u Pacific 45 1929, ou Pacific ref 4s. . u Pacific clt 4s uthern R: Union Pac Virginia Ry 1s! Western Md 4s Western Pacific West Shore 1st 4 ‘Whel &LE rf 4 TOTAL SALES (Par Value): BONDS 5o xcivee| Low. Close. 88% 80 81% 95% 1% 100% 81% 93% 64% 72 88Y% 113% 13 9% 100% 8% 88% 86% 83% 55 31% 47% 52% 59% TN 58% 106% ki 1% Ta% 113% 70 102% 101% 102 8244 850 1024 854 9914 221 9% 49% 8814 80 81% 95% T 100% 81% 93% 64% 72 88% 113% 13 79% 100% BT | 88% 86% 834% 65 317% 4% 53 59% 784 58% 106% 77 7% 4% 113% 70 102y 101% 9914 74% lcial).—Potatoes, new 5% ea1 | dozen. 1081 | 109 " {on { i { 96% | 49% 9414 | Hogs— | roosters, { hogs, 1 FINANCIAL, | Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Because of the increased demand on account of the approaching He- brew holiday season, poultry prices have been boosted. Heavy fowls and ducks are used quite extensively dur- ing such holiday seasons and, it is stated, prices usually become a trifie | higher. Most of the buying will be finished by Saturday, lers state, and prices irop ¢ the coming week. is also a brisk demand for chickens, and the market an upward tendency. ing ward tendency morn market was reported as b stronger, with a slight advance in prices, 40 and 42 cents being the prices quoted. Dealers say there is no likelihood of a cheaper market celected, can- ‘average receipts rs, per Ib., 1 & chickens, per oung, cach, 50a80; iggs—Strictly a, per dozen, 3oa 3: Southern, 30. Live killed spring ; winter chick hens, per Ib., 30a 18; turkeys, per Ib. esh per 1b 40; Keats, young, each. Live stock—Calves. choice, per 1b., 2;_medium, per b, 10all; thin, . 6a7. Lambs, spring, per lb. 14 3.0025.00 each: Green fruits—Apples, new, per bas- ket, 50al.75. California oranges, per 5.00a6.50. E D geplant, per crate, 1.00a 7;-bushel basket, near- Beans, .00 per bbl, ork celery, per crate, 4.50; 5 5 . per c quash, r bushel, 3. ozen, 15430 BALTIMORE. Md., bushel, barrel, 1.00a bushel, 1.50a2.00. Cabbage, per 100 pounds. 1. yams, Beans, bushel, 1.00a5.00. 00." Carrots dozen hundred, hundred, : 4.00a5.00 16, Egg bushel, quart, t1o take | Baltimore. 2 red wint i red winter, < No. 3 red winter garl 3 red winter, on grade, No, . 5.00 per barrel; No. quotations; trac 2 or better, 1.06. *{ been no disposition ; No. i i Hay—Re ipts of new hay of the market 40 to 28.00 per hoice light mi 1 tang 1 wheat, 3.0014.00 eneral re- ¥_at a range ton for timothy | hay Ty | of and ¢ DAIRY MARKET! BALTIMOR: ptember 7 (Special). ring’ chicker Butter- Lathi 9% 49% 11am.. 1530000 12noon. 2947000 1p.m.. 3868000 2 p.m.. 4835000 SHORT-TERM SECURITIES. ‘American Sugar 68 1% Amer, Tel, & Tel. 6s 1 American Tel. & Tel. Anaconda Copper 6s 1 Anglo-American 0il adian Northern Cent. Argentive Rw Central Leather ni.. R Chicago T Du_Pon Federal Sug Fisher Body Fisher Body Goodyear T, & Great Hocking Valley 8s 1 Humble 0il 5iys 1 Penna. St Sears, Roebuck & Co. 100 1004, 1001y { bolog CHICAGO CHICAGO. September es Department of Ag 00 he r; good light show decline; bulk good to 230 pound average : desirable, 240 to] killing pi ng weight, fots, 3.000 vearlings uneven, about steady: few hi eligible to _sell above 10.00: nume loads, 8.50a | 9.50; best yearlings, 70; matured teers, she-stock weak, un- evenly bulls strong; bulk 1.0024.50; few heavies up vealers strong. cents bulk to packers. 11.50a12.01 and feeders, steady; bulk, ulture) — | 10 to steers to 4 highe Receipts, ; fairly 5 cents : bulk fat na- : culls, 9.00a t ikilling ewes 5.0026.00; feeding lambs, 13.40a13.60; medium to good range-feeding ewes, DAY'S CHICAGO PRICES. CHICAGO, Septémber T.—Reduction of Canadian crop estimates as com- pared with latest previous figure had a bullish ect on the wheat market today during the early ings. The president of the Ca Pacific railway was quoted s ing 330,000,000 bushels w mate of the western Canada y this season. Other authorities had vesterday put the total at 400,000,000 bushels. Opening _pri which ranged from 1§ to higher, with September 1.01% to 1.02 and Decem- ber 1.06 to 1.06%. were followed by material further gains. ffigure for the year live | (Friday night ha hundred, | 5a20. | 10880 | eral and the ! lwe are OVER 12 PER CENT Monotype Maintaining Last Year’s Record—Trading Light on Exchange. Net earnings of the Lanston Mono type Machine Company for the yea to date dre slightly in excess of 1. per cent, it was learned from an auestionable source this mornir This rate of income practically mal: {tains the business on last year's b; Dividend requirementsscall for a per cent per annum disbursement This popular issue is now selli a quarter point above th On January it was selling at ‘4, Whil high level for the current year 80%, reached several months ago. 1 volume of shares traded In, it is sur passed only by local favorife publi utility stocks, a total of approximate 1y 1,500 shares having changed hand thus far locally. Institute Opens October 9. The Washington Chapter, America Institute of Banking, will beg ctioning on October 9, with a spe cial cpening meeting, to be follow e by active work starting the follow ing night, Junes Dulin, jr.. presi dent of the as tion, announce this morning. openi meeting will, most likely, e place t a4 Willard ballroom dressed by prominent local bunkers after which will follow dancing an a reception A course o % 1923, n credits will be inaugn vated this year Ly it This course, briefly. is for the pu of instructing junior bank officers |the proper use of credits systen been selected. tent jtively, for this co while the ele mentary banking c will hold f {on Tuesday night, the commere law_and negotiable instruments clas on Wednesday and the cconomics an standard banking on Thursdays, Every employe and officer of trust company, savings inst 1z house or other insti financial character, with higher than that of ca urer, may be admitted to the c} as active members, while every of above that grade secure &u ing membership. Active dues are $4 per vear, payabl e. while custaining members $6 per annum Local Trading Light. monopolized _today’s % sess Washington Stock Excha Monotype strengthen {are Stocks on the Lanston sligh latter to 931, esigns Poxition Here. Batchelor, who has of the International Fi tion since its inception s years ago, has severed this up wor a similar nature His resignation will eom. before the international finance bo: its monthly meeting on Septe Slump in Bank Deposits. Local bankers report very genera loss in deposits, even greater tha al during the summer months, It is also true that a greater nun {ber of Washingtonians have sent from the before, draw avily on kb tates have been held ve and while cu. ' wants haye drop in deposits is said to be quit general and has led to increased dis counting of bills. The nove nt of crops toward mar {ket centers is under way. Borfowing nks on their federa nks have doubled ear, by member serve ba = is nothing at {this, however, as the r {in the res system is now cent—higher than it -was last ve {1t doesn’'t seem at all probable that the Federal Reserve Board would a iprove of any s in rates at thi as their have ample mones ¥ higher would be more th likely to provoke adverse criticiem Weekly Financial Review. Moody ¢ Review of Fi “onditions in its current issue s an {¢ although lamentabls more hel Detwee : be consummated through ne; between the rman industrialist d the Fre premier this would be more t set in a financial sense to Italian trouble and the Japa as the suggest | France and the have but little t nd almost none with not much auestions involved. In 191 kan wars were serious to of the danger that the gre might participate; but now there is such danger. “Yet the position of o1 ket is not very encour: public buying so small, may prove disturbing. prices are improving some trade returns are not quite they were two weeks ago. Mean- while one of the most favorable sea sons of the vear for the stock market is slipping a®ay without any aggres sive advan. “In the coal strike the real c of interests is between the miners the public; for the former are alre receiving exceptionally high pay fo the type of work, while the publ paying the bill. 'Labor in the cou mining regions rides not in Fords a Chevrolets, but cks, Studebak ers and e ade with Ttaly which anthracite worth in K, mining labor g about $1.48 per short ton, railroad bor, $1.16; lighterage wages about 22 eents, and labor emplo b retail dealers gets about $1.10, makiny $6.96 in all. As compared with this the aggregate profit of mining com panies. railroads and retail dealers 1 about $1.47." LANSTON EARNING t R 1 ‘ $16,000,000 STATION. Permit for New Chicago Structure Costs Over $10,000. CHICAGO, September 7.—The (' cago building department issued was asked in a circular sent out by the Interior Department today to show cause why his application should be considered a preferred one. The action was the first step toward issuance of leases and the settlement By the Associated Press. | NEW YORK, September 7.—There was considerable realizing and hedge } ing at the opening of the cotton | Rate—Maturity. s, foany. rat rices were 2 to | 3%s September 15, 19 4 points higher on Dece mber and later | 4%s September 15, 1923 5, 1923. months, but October was 2 4s December 15, 1923 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon. Bid. Ofter. Standand Ol of € Swife & Co. 55 19 Tidewater Oll 1% 1 Unjon Tank Car 75 LS. Rubber Tt 1930, Western Unlon_01as 19 Westinghouse . & M. if. 3s Cool weather ave independent strength to corn and eats. After opening unchanged 1o 1 cent high- er, December 581 to 683, the corn ket scored a decided general ad- 219% 19% 61% 204 66% 164 221 19% 62 204 7% 16% the kToup. such as Pere Marquette, . L E ')uih\l‘r‘.;tc;_n. (Llyx' ?\‘l l":l‘ulxl es, made frac 2 2 % 3S Drofesscd no surprise at | Kresse (85).... of strength, taking the |Lee T & Rubber. | Lehigh Vallev.. iLig & Myer (B). Lima Locomo. ’ that it was seasonal. Loews Inc. . 1 view CLOSING IS IRREGULAR. D(-c»ml)e:lr to ascend. started 3 to % up, Week End Profit-Taking Checks Bullish Efforts. By the Associated Press, NEW YORK, September 7.—Moder- ate strength and activity of the rail- road shares featured today’s dull and frregular stock market. Several of the leading carriers gained a point or more, and marked strength was shown by a number of specialties notably Du Pont and General Electric. Sales approximated 500,000 shares, The closing was irregular, The usual week end profit n¥ was counteracted in the late dealings by bullish demonstrations in a few ordinarily inactive shares, Liggett & Myers jumping 9 points and Chicago “Pneumatic flool, Manhattan Electrie Bupply and Postum Cereal rising 23 to e 13 DEAD IN TRAIN WRECK. German Flyers Collide Near Han- over—Fifteen Injured. By _the Associated Press. BERLI September 7.—Thirteen persons were killed and fifteen in- Jjured in the collision near Hanover of the Berlin-Amsterdam express with the Dresden-Amsterdam. express. ‘World's largest photograph is nine- ty-five feet long and ten feet high, 3u the Academy. of Sciences Chicago:, -~ Loose-Wiles Lorillard (P). Louis & Nash. Mack Trucks... Mack Trucks 1st Mackay Cos. Mellinson & Co. Manhat El Sup.. Manila El Corp.. Marland Oil. Mathison Alkili. Maxwell (A). Maxwell (B). May Dp Stores. . Mclntyre Po! Mex Seaboard. Mex Seabd otf Miami Copper Middle St Oil. Minn & St L (). Min St P &SSM... Mo Kan & Tex.. Mo Pacific. . Mo Pacific pf. Montana Power. Montg'y Ward.. Moon Motors. Mother Lode Nash Motors Nat Blscult. Natl Cloak & S.. Natl Enamel Natl Lead. Natl Ry of M 2d. NOr Tex & Mex. 89% N Y Alr Brake.. 3% N Y Central..... 100 13 16 9 8% 28% 5% 1% 56% 1% 10% 30 62 22% 24% % 92 47% 55 . 63% 128% 2% 56 i 167 88 80 94% 108 29% 43% 87 27 2% 42% 13 9% 16 9 8% 28% 5% 1% 564 1% 10% 30 62 22% 4% 9% 92 47% 55 63% 128 26 89y 34% 100 62 22% 25 % 92% 4T% 56% 6415 128% 2% a1 34% 100% 56 167 88 80% 4% 108 0% 44 87 27% 43% 43% 13 80 16% Y% 874 28% 5% 1% 5% 11% 10% 30% 62 22% 24% M 92% 47% 56% 6315 128% 2% 90 34% 100% NYChi & StL..o 6% 76% 76% 76% of the claims of 160 applicants. The land has been in dispute since 1918. CLOTH Special Dispatch to The Star. NEW.YORK, September 7.—Cotton goods .markets continued firm today, but with éuyers holding off in large | Decémber, degree in hope of reductions. BUYERS WAITING. Quota- tions on 64 by 60 prints were 9%, and on_68 by 72, 1115 With the suspension of quotations|The advance i {in raw silk still in force silk trading |day, and in the first hour of the ses- lower and actie positions generally sold 3 to 10 points below yesterday’s closing, after the call. Offerings ap- peared to , be readily absorbed around 26.00 for October, and 25.73 for January, however, and the mar- ket soon firmed up on the higher late cables from Liverpool and fresh buy- ing, believed to be for both trade and speculative account. Cotton future 11 a.m.. bids_steady. October, 2 3 25.86; _January, March, 25.82; May, 25.72. EW ORLEANS, September cotton continued to- 7.— was a matter of Individual barter. 'gon prices were 41 to 45 points higher Sales were reported at 30 to 60 cent increase over those ruling be: the disaster. per BUTTER HIGHER TODAY. CHICAGO, September 7.—Butter— Higher; creamery extras, 44%; stand- ards, 43; extra firsts, 42z433.7 firsts, 39%a40%; seconds, 37%a381;, Eggs — Hi cases; firsts, igher; ; _ receipt: 28%a30%; 12,384 ordinary firsts, 26a27; storage pack firsts, 3. GENERAL MOTORS. SALES. NI W \YORK, September 7.—Com- bined August sales of the American and Canadian passenger and com- mercial car manufacturing divisions of the General Motors Corporation totaled 65,000 cars, against 51,657 cars in the previous month and 42,840 the|good middling, 26.50; receipts, 3,38 wame month last year, carrying October up _to am., bids steady; October, 26.49; December, 26.41; January, 26.08; March, 26.22; May, 26.21. NEW YORK, September 7.—Cotton futures closed steady. October, 26.54a ; January, May, 26.67; December, 26.37a26.4( 26.06a26.07; March, 26.12a26.18; 26.13226.15. Spot cotton quiet, mid- 27.80. points | 25.90 a tfore [ pound. All months reached new high levels for the buying movement, which set in some time ago. Futures, 11:46 March 15, 1924 June 15, 1924 ptem| 3 4%s March 15, 1925, 4398 June 15, 1825 4%s December 15, 1925 4%s March 15, 1926, 4i,s September 15, 1926.. 99532 Mareh 15, 1927..0..0 100 1182 4328 December 15, 1927.... 992032 . . BOSTON STOCK MARKET. BOSTON, September T7.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Tl h oY 1513 L 991932 © 100 5- Low. Ahmeek 6% Allouez . 80 40% 5 2% 3 Calu & Hecla ., Carson Hill Min Davis Daily .... East Butte Eastern 8 8 [T Creek Isle Royale Mass Gas . Michigan .. 1074 2014 ORLEANS, September 7.— Cotton futures closed verv steadv at net gains of 21 to 41 points. October, 25.87a25.89; 25.87a H January, 2 25.80; May, 26.69225.70. Spot cotton steady: 50 points higher. Sales on the spot, 74; to arrive, 84 low middling, 25. middling, 26. stock, 41,756, Switt Inter U § Smelt . WEEKLY COTTON REPORT. ~Weekly LIVERPOOL, Septémber cotton statistic mills, 46,000 bales, of wh 00 hnh-s:h:‘wck‘ American, 70,000 bales. bales; American, 9,000 bales. 3,000 bales; American, 1,000 Total for bales. ded h American 317,000 bales: Imports, 18,000 Exports, 10 CLOSING SUGAR PRICES. Sugar fu- NEW YORK, September tures closed firm; 10,400 tons. September, 4. ber, 4.45; March, 3.75; Ma; approximate Decem- 3.85. TODAY’S METAL MAR! 7.—Copper NEW YORK, September quiet. 13%a13%. Tin firm 42.12. Iron steady 5 KET. Electrolytic spot and futures, spot and futures, prices unchanged. Lead steady; spot, 6.7537.00. Zinc quiet; ery, 6.55a6.60. CALL MONEY RATES. NEW YORK, Sept money . stead: & 414; ruling rate, 5: cl offered at 4%; last loan, against acceptances, 4 i September per_cent; sing . bid, time firm; mixed collateral, 90-60 da: 4-6 months, 5%; prime com per, 5%a5ls mer e A chair of alcoholic research is to be established at one of the Japanese 84% | East St. Louis, spot and nearby deliv- Antimony, spot, loans | 385, ‘later continued Notwithstanding lower quotations on hogs, provisions were firm as a I3 ases reported in west- 1.03 1063, 132! 1017 106, epte December May .. September October ...... 9. RUSH OF COTTON BUYING. Southern Mills After Raw Mate- rials for Expected Boom. Speclal Dispatch to The Star. ATLANTA, September 7.—Southern cotton mills are reported to be buying yaw cotton in”heavy quantities on first hand knowledge of erop conditions. Cot- ton men point out that demand for cot- ton cloths will probably increase as a result of the shortage of Japanese raw silk. They expect the call for finished %oods from Japan to offset the 0ss in sales of raw cotton, permit_for the construction of ti Union Station building, which will b bounded by West Jackson boulevi West Adams street, South Clin street and the river, which will cost according to the application, $16,000. 000. The city collects ag its fe- $10,337, which is the second larges: fee pald into the city treasury for th. issuance of a permit since this de partment’s organization. INCREASES IN FREIGHT. Great Lakes Shipments Are Re- ported Very Heavy. SAULT STE MARIE, Mich., Septem- bey 7.—Freight tonnage through the locks here during the month of Au- gust aggregated 14,353,044 short tons. according to_the monthly report of the United States engineer's office. Compared with August, 1923, the freight movement for last month showed an increase of 4,067,130 short tons. The movement of iron ore last month showed an increase over Au gust of ar. the figures beins 10484, hort tons, compared witl $.936,377 short tons. Shipments wheat last month totaled bushels, compared with bushels' in August a year a, movement of gi was 8,784,875 bushels, compared w 18,737,825 bushels in the same mont! last year, y Y