Evening Star Newspaper, September 12, 1923, Page 26

FOUR BANK CALLS ~ j& A YEAR NEW PLAN B Controller to Ask Additional Report—Today’s Trading on Local Exchange. ML WARINGIGY. b o WRnNARY vSE‘I;Tl‘:‘.iiBER‘ 12 i YORK STOCK EXCHANGE ]'RA[]ING m BUNDS v new vork BONIS srocx excuance | ec/ived by Private Wire Direct to The Star Office : Received by Private Wire Direct to The Star Ofiice. - TURNS VERY DULL (Saler sre in #1,000.) RPN, i | Asititein an Liberty 3 1-2s at New Low for Year—Foreign Issues Show Less Activity. FINANCIAL NEW Grain, Produce and. N Live Stock i Dealers this morning reported the cendition of the frult and vegetable 80 80 |merket as being draggy. Supplies 85 85 | were plentiful enough, it was report- 84% 84% 'ed, but buying was anything but 95% 95% ! by sk, 7% 7% | 100% STOCKSSELLOFF ONSTEE EPORTS Weakness Spreads to Rest of List—Lows of Last Week Are Reached. Low. Close. 9+ | Mathison Alkill. 383% | Maxwell (A)... 66% { Maxwell (B)... 6% 65% 3 15 Open. High. 99 9% 331 384 66% 66% 7 7 66% €6% 44% 4% 93 93 15% 15% 39% 39% 34 34 99% 99% 96% - 108% 108% 108% 165% 166% 165 10% 10% 10% 5% 6% b 18 20 18 95 95 8 42 97 Open. High. 4@ a2 42 2% 12% 12% 80 81 9% 8w 5% 27 12% 81% 11 30% g% | BY GEORGE T. HUGHES. 25% | Special Dispatch to The Star. % NEW YORK, September 12.—Trad- 93 ing In the bond market today was 978 _very dull with insignificant price 10% changes in most cases. . Low. Close. Adv Rumiey.... B8% B88% Adv Rumley pf. Afr Reduction Ajax Rubber Allled Chem. . Allls Chalmers Allis Chalm pf Am Agr Chem Am Ag Chm pt. | Am Beet Sugar. Am Can Am Can pf. Am Car & Fay Am Chicle Co. Am Cotton OIl. Am Cot Ofl pt. Am Expres: Am H & Leath Am H & Lea pr.. Am Ice - 4 3 3-82) Atchison ad) & Tow. Close. | Atlantio CL 1st és 210 99427 9924 Atlantio CL 4 34s. . . 67 98-t 98-1 B&Oprinds 284 08-3 98-1 ::glalfl 4 o e FOREIGN. Lib 3%s. . Lib 18t 43 Lib 3d 4%s Lib 3 4%e... Lib 4th 4% US4xs1962. Miami Copper. . Middle St Oll. .. Midvale Steel Mo Kan & Tex. . Mo K & Tex pf.. Mo Pacific Mo Pacific pf. Montana Power. Montg’y Ward:. Moon Motor: Motner Lode. Nash Motors. . Nash Motors pr. Natl Acme. | Peaches are gradually getting high- 100% or and the supply of freestone fruit 81% | will soon become exhausted. A few #8 {clings have appeared on the market, 764 | and later shipments promise to be 94 | fairly large. They will be offered 731 | throughout the month of October. g8y | The watermelon season Is fast draw- ing to a close, and there are very 8 |few cantaloupes being received from 118% | nearby farms. Colorado is supplying 113 the best cantaloupes. 79% 56% Argentine Austria . | Belglum 7% BklRT 7821 ct Buff R&PItt 434s. . Canadian North Canad North 63 Canad Pac deb 4 Car Clinch & O 6 Central Pacific 4s. BY START W a1 Dispateh to The Star. NEW YORK, September 12.—Inter- est in the stock market today was ab- sorbed pretty lurgely by the action of the steel stock and their reception of | Every District bank, as well as al national institutions of the country will be required to report their con- dition four times this year, Instead of answering she generally anticipated three calls. This became known this Oranges and grapefruit soon will supplant other fruits. Several small shipments of the new crop of the pop- ular fruits already have been received. Bordeaux loss favorable reports from steel cen- ters. . The Iron Age states that new buying of steel products so far this month has not been up to expectations, and that both the United States Steel Corporation and independent con- cerns have reduced their rate of out- put. Am Loco pf. Am Metals. Am Radiator Awn Safe Razor. Am Ship & Com. Am Smelting. Am Smelt pf. Am Steel Fdy. m Sugar. m Sugar pt Am Sumatra. Am Tel & Teleg. | Am Tobacco. | Am Tohac (B) . Am Tob pf (n) Steel Stocks Sell Lower. The market for the steel shares was discounting these reports of the slackening in demand and the cur- tatlment of operations at the mills. United States Steel common sold down more than a_point below. the "Tuesday close, and Bethlehem, Cruci- ble, Republic and Gulf States all went lower. The heaviness of the had a depressing effect upon the gen- era Tist nd retarded the continu ance of the upward movement. Sto at their highs of the past two day had. in many instances, exceeded their best prices of the August ad- vance and gave promise of reaching new high points for the season. Up- bidding of individual stocks in the recent trading was taken as an indi- cationsof the attempts of profession- als to inspire confidence. Speculative favorites like American Can, Continental Can, Baldwin Loco- motive, Studebaker and Corn Prod- ucts all eased off, but remained about as sluggish as they had been during the past ten days. Sugar Shares Prominent. Sugar stocks were more prominent, the leading issues such as Cuban American common, Cuba Can pre- ferred and Punta Alegre reaching their highest prices for the current month. Their advance was due to the better feeling in the sugar trade and the raising of quotations on both raw and refined sugar. The oil stocks continued irregular, with further heavy dealings in Cos den. There was considerable profit- taking following the sharp advance which came In anticipation that the directors, at their meeting soon, would pay the regular dividends. The gen- o#t list appeared to show scarcely v concern over theé cut in crude oil announced by the Gulf Ol Company. Copper stocks were quiet, but re- mained fairly firm. Specialty move- ments were less in evidence. Dav- ison Chemical was the outstanding incident in this class, again touching & new top for the current movemept. Gulf Oil Meets Cut. According to private advices re- ecelved today, the Gulf Oil Company has cut the prices of all grades of crude oil 20 cents per barrel in Ok- lahoma and Kansas, ll:jerr_b)' t:neefl‘l’éfi the reduction initiated in the mid- continent district recently by the Mag- |{Chi R I & Pac. nolia Petroleum Company. Prairie | Chi StPM & O Oil and Gas. the dominating factor { Chile Copper in the midcontinent oil purchasing | Chino Copper. business, also was expected to lower |CCC& St L. . WEioen. . : Cluett Peabody. Although it is generally believed | Goca-Cola. that the peak of weekly inczeases in | Gojo Fyel oil supplies, from domestic and for- | O1® THEl - eign sources, was reached late in Col bia G 4 July, many think it probable that | Celombla ;‘P ains in the average daily production | Col Graph pf.... in this country will be shown for a |Columbn Carbon ¢ more weeks, at least, Official fig- | Cons Cigar usually published on Thursday, | Cons Gas of N will be awaited for what thev wili |Cons Textile show. regarding domestic output and | Cont Can.. imports. Reports of further increases { Continental Mot in total supplies last week are ex-|Corn Products Corn Prod pt. ‘pected Leather Stocks Are Sold. Cosden & Co. Crucible Steel. .. Shares of the leather companies— Central Leather and American Hille { Cuban-Am Sug. and Leather—were pressed for sale | Cuba Cane Sug.. and suggested the revival of bear at- | Cuba CaneS pf.. tacks against this group. The low | Cuban Dom'can. prices in the preferred and common { Cyyamel Fruit. . stocks of the leather companies earl fer in the year were predicated in dis- [ Davidson Chem. appointing earnings statements and the | Del & Hudson. reports fhat the leather industry was | D Lack & We: {nding it aifficult to operate at satis- | Dome Mines. ctory' profits. 1In the first quarter | Douglas Corpn. Central Leather showed net income of | punont (B 1) about $1,500,000, but in the second «quarter a deficit of $79.000 was report- | Eastman Kodak ed. So far as one could judge from | Eaton Axle & Sp the action of the stozks today the third | Elec Stor Bat. quarter did not turn out as well as | gndicott-John Erie Erie 1st pf. Erle 2d pf expected. Further Slump in Afternoons Exchange Buffe Famous Players The market turned down in the afternoon and prices numerous ac- tive issues drew close to the lows of last week. Offerings were un- usually heavy in many of the recent | Fd Mines&S.pt. industrial favorites and in such | Fifith Ave Bus stocks as Studebaker, American Can | Fisk Rubber. and United States Steel common, The | Flelshman. 1ast named got around 91, while |Foundation Co. udebaker got down to 105 mid- | Freeport Tox way through the afternoon. The can stocks were down two or more | Sen A% Tk Car. points under their previous closing | G20 GRELR level - e Sterling exchange showed added | Gon Biectrie. strength in spite of the discourag-|Gen Elec spl. ing increases in the number of un- |Gen Motors... employed in Great Britain and re-|Gen Mot 7% deb. ports of lessening of business ac-|Gimbel Brcs.... tivity. French francs were firm early | Gimbel Bros pf. but weakened slightly during the aft- | Goodrich. ernoon. Italian lire werc off slightly. { Goodrinh pf. German marks reached a new low | Goodyear pf. at 108.700.000 to the dollar. Giranby Cansol is generally recognized among bankers that a heavy loan s neces: | Orqy,e Dav% sary to save Germany from financial | Gt RORCaoCn ! and industrial collapse. A billion- | SRe8t O & dollar loan is regarded as a possibil- | Guantana Sug. ity, but it is stated on excellent au- | Gulf St Steel. thority here that no such loan will { Harbishaw Cab. or can be made until there is a dif- | gazeman Corp. forent scttlement of the Ruhr ques- | Fandes Meg tion and a final adjustment of the Ha: Wheel. amount which Germany must pay the | Hoycopa beod allies in reparations. 3 :::::M Sty Hudson Motors Hupp Motors. ... Hydraulic Stl... Illinots Central. Indiahoma. Inland Steel. MARKET CLOSES WEAK. inspiration. . .s. In Ag Chem pf. Int Cement. 1n Combust E. Int Harvester... Int Harvester pf Int Mer Marine. Int M Marine pf. Int Nickel. . Int Nickel 1ntl Paper. Am Woolen. Am Writ Pr pt. Anaconda. Arnold Constab. Asso D Goods. Associated Oil Atchisen. ... Atian Bir & Atl. Atlan Cst Line Atlantic Ref. Austin Nichols. Austin Nich pf.. Auto Knitter. Baldwin Loco. Balto & Ohlo Barnesdall (A). Barnesdall (B). Batopilas Min. . Beéchnut Pack. Beth Steel. .. Beth Sti 7% (n). Bklyn Edison. Bklyn Rap T fp iBklyn R T ctfs. . Bklyn Un Gas. .. Burns Bros (A). Burns Bros (B). Butte Copper. Butte & Super. Butterfck. Caddo Oil Calif Petrol..... Calif Petrol pf.. Callahan Zine. .. Canadian Pac... Central Leath. .. Cent Leath pf... Cerro de Pasco.. Chandler Mot. Chesap & Ohlo Chi & Alfon. Chi & Alton pf Chi & E 11l pt. Chi Grt West. Chi Great W pf. Chi M &St P... Chi Mil &St P pt. Chi & Northwnz Chi Pneu Tool steel stocks Selling More General Late in Aft- ernoon Session. By the Associated Press. NEW YO®K, September 12.—In- ereased activity iIn today's stock market was attended by sagging prices, many stocks ylelding one to three points. Efforts to extend yes- terday’s rise at the outset under the leadership of the SUEAr group was soon abandoned Wwhen large selling orders appeared for both accounts. Sales approximated 800,000 shares. The closing was weak. Selling be- came more extensive late in the day when large blocks of the usual Jeaders were thrown on tire market. DuPont and Woolworth dropped 4% -points and many of the morp active o stocks were down 2 to 3 points. BOND ISSUES ALLOWED. 1. C. C. Also Holds Up Rate Changes on Coal lhlpl.nen@ Approval was given yesterday by the Interstate Commerce Commission to the Wabash Railw Company’'s proposal to issue $139,780 in terminal bonds, maturing in fifty years and bearing 4 per cent interest. The Minnesota Transfer Railway Company was authorized by the com- mission to issue $279,900 in first mort- gage 5 per cent bonds. The proceeds are to be used in reimbursing the company’s treasury and paving off in- debtedness. The commission also announced the #uspension until January 10 next of a rate application proposing a car- ioad allowance on coal shipments to or from the St. Louls Coke and Iron Company. which was to have become effective September 12. An allowance of $1.26 per czr was proposed for shipments on which the company per- forms a Epecified switching service. Kansas City S. Kayser (Jull Kelly-Spr Tire Kennecott. Keystone Tir Laclede Gas Lehigh Valley. . Lig & Myers pf. Lima Locomo. . Mack Trucks. Mack Truck 2d. Mackay Cos pf. Macy Co... Magma Copper. . Mallinson & Co. Mallinson pf.. Manati Sugar Man El inv guar Manhat Shirt... Marland Oll..... Martin-Parry.., 19% 20% 40 75 Am Water Wks. . 113% 27% 6 15 20 2% 20% 97 5% 143 18% 45% . 109% 115% 38 13 137% 104% 24% 60% 69 15 23% 17% 21 6% 41% 8% 8% 44% T2% 13% 44" 33% 82 178 10% 15% 97 46 97 25% 81 45% 19% 9% 58% 29% 6 87% Sy $6% 18% 87 82% " 54w 26% 20% 1% 106 3% 843 30% 8% 6% % 127% 119 34% 673% 204 12% 48 5% 64 54t 109% 115% 38% 13 137% 105% 24% 60% 82 176 n 16% 97 46 97 256% 81 454 20 9% 58% 29% 6% 87% % 8% 18% 37 2% 54% 267 20% 1% 106 3% 341 30% 10 37 22% 78 % 64 49 108 115% 37% 13 132% 104% 24% 59% 69 8 a4 70 13% 4 s2% 82 174% 10% 15% 97 46 97 25 81 19 57 29 6 83 % 86 18 36 32 51 26% 20 1% 108% i 341 285 10 - 87 225 76 07% 108% 10735 Th 26% 123 78 35% il6 K 17 67% % 27 12% 78 85% 116 31% 10% 444 % 181y 51 T% 25% 12 8 35% 116 31% 9% % % 18% 49 17% 39% 82% 34% 5 9% 62 17 65% 18 3 53% 163 7% 78 87 64% 62% 31 1% 88 53 T 425% 26% 29% 9% 62 u7 651 16 6 53% 163 8718 78 87 613 625 3 82 89 53 344 2% 26% 20% Nat Biscuit. . Natl Cloak & S. Nat Conduit . Natl Dept Stores Natl Enamel. Natl Lead.... ! Natl Lead pt...". iNatl Ry of M 2d. Nevada Copper. N Or Tex & Mex. | N Y Atr Brak N Y Central NY Chi & StL... NYC&StL pf(n). NYNH&Harted. Noif & Western North Amer. Nerth Am pf.... North Pacific... Nunnally Co. Oklahoma Prod. Orphenm Circult Otis Elevator. Otis Steel. Otis Steal pf Owens Bottle Pacific Develop. Pacific Mal PacificOil...... Packard Motor. Pan-Am Pete... Pan-Am P (B).. Panhandle Penns; Penn People's Gas. Peoria & East. . Pere Marquette. Philadelphia Co 4T% 58% % 4 6345 129 112% 2% 128 89 35% 102% T 0% 13 104% 21% 443 60% % 1% 18% 90% 101 21% 44 23% 30 9% 2% 42 54t 85 20 % 24 43 55% 55 2845 6 116% 534 18% 14% 88 11> T6% 534% 35 134 50% 94 Plerce-Arrow Plerce Ofl. . Pitts & W Va. Postum Cereal { Pressed Stl Car. i Produc & Ret. Pub Service. Pullman Co. Punta Alegre Pure Oll. . Rapid Tran Sec. Rap Tran Sec pt Ray Con Copper Reading... Reading 1st Remington..... Replogle Steel. . Rep Ir & Steel.. Rep Ir & Stlpf.. Reynolds Spr. 22% Rey Tobac (B).. 68% Rey Tob pf B... 118 Royal Dutch. 46% St Joseph Lead.. 19% StL & San Fran 20% StL&San Frpf. 44% St L Southwn... 30 StLSouthpt... 574 Schulte Stores.. 94 Seaboard AirL. 6 Seabd ALDf.... 10 Sears Roebuck.. 80 Seneca Copper.. 9% Shell Union 17 Shell Union pf.. 92 Simmons 26 Simms Petrol. 814 Sinclair Ofl. Sinclalr pt. Skelly Ol Floss-She! % So Porto Sugar. South Pacific. .. Southern Rwy. . Southern Ry pf. Spicer Mfg Co. . St Oil of Callf. Stand Oil of N J. StOfl of N J pf. Sterling Prod Stewart-Warnes Strombg Carb. . Studebaker. Submarine Bt Superior Gjl 2% Tenn Copper. 9% Texas Company 41% Texas & Pacific. 21% Tex Gulf Sulph. 58 Tex&PC&OIl. 8% Third Avenue... 114 Timken Bearing 38's Tobacco Prod... 55% ‘Tobacce Prod A. 83% Tobacco Pro pf. 109% Trans Cont Oil.. 4% Twin City pf. 95 Underw'd(new). 40% Union Pacific. .. 130% Un Cigar St pf.. 110 United Fruit.... 172 United Ry Inv.. 1% Utd Retall Strs. 76 Utd Ry Inv pf... 36% USCastIPipe. 32% USCastIrPpf. 79 USFood Prod.. 4% US Hoffman M.. 17% U SIndus Alco.. 65 U S Realty. 95% US Rubber..... 42% USRublstpf.. 94% US Smelt&Ref.. 254 USSteel....... 93% U SSteel pf..... 117% U S Tobacco.... 52 Utah Copper. 63% Utah Securitl 164 Vanadlum Corp. Va-Car Chem. .. Va-C Chgm (B). Va-C Cham pf.. Va Ir C&Ck pf.. VIVEdou....nnnt Wabassh. ... Wabash pf (A). Waldorf (new) . j West Penn pf Western Md 11% Western Md. 2d. 19% Western Unlon. 107% Westhse EI&M. 60% ‘Westhse 1st pf.. 75% Wheeling&L E. 8 Wheel & LE pf.. 14% White Motor. 51% ‘White Oll. 1% Wickwire 8 ‘Wilson Co. 2: Willys-Overl pf. 69% Woolworth. . 256% Wright Aero. 9% High, Call Money 5 HOURLY SALES OF S$TOCKS. +.240200 12m 364 900 -466200 2p.m 610 400 WOOL CENTER MAY MOVE. Meeting in Chicago Considered of Special Significance. CHICAGO, capital is needed in the middle west, said L. M. Corey of Oklahoma, mem- ber of the Federal Farm Loan Board in charge of intermedlate credit, in an address here before the wool con- ference called by the National Wool Warehouse and Storage Company. Leaders hope, through the interme- diate credit system provided by the agricultural credits act of 1923, that wool growers' pools may be financed to such an extent that their business will shift the center of the wool trade from Boston to Chicago. For this reason they considered Mr. Corey's remark about western needs as of partieular significance. Gray Silver, Washington represent- ative of the American Farm Bureau Federation, discussed the need of adequately financed co-operative mar- keting. Following the addresses cfnfereau went into committee s sion. 55 23% 46 116% 62% 18% 13% 38 10% T4% 53 34% 12% 4T 94 22% 66% 118 45% 19% 20 i 28% 57 934 6 10 9% 9 16% si% 26 7% 20 83 14% a7 40% 8814 33% €9 16 50% 3215 115% b4% 8515 68% s 104% 8% 2% 9% a1% 20 56% 8 11% 37% 537 825 5 109 4 95 391, 120% 110 172 11% 76 364 301 78 4% 17% 524 9% 41% 9434 25% 90% 17% 52 61% 16% 31% 0% 6% 23% 80 19 9% 29 85 46 116% 53 18% 18% 38s, 10% % 534 84% 94 225 66% 116 “h 19% 20 57 98% 6 10 9% 9 163 1% 26 20% 83 14% 47 4035 88% 32% 69 16 ° 50% 32% 42% 88% 34% 69% 16% 507% 2% 115% 54% 88% 68% 108% 9 54% 86k 684 104% 8% 2% 9% 41% 20 56% 8 11% 37% 537 82% 109 4 95 30 17% 85 17% 85 1% 19% 107% 60% 5% 8 14% b61% 1% 8 24 § 69% 256% 9% K 13 1% % 24 7 68% 254 9% Tasi. 5 12% | 23% ! 12% | 4T 45| 28% | % | | 116% September 12.—Eastern | Liberty 3%s made another new {low for ‘the year, the Treacury 4% were reactionary, but the bal- ance of the United States govern- {ment list was steady. The 31gs de- {Pend for their Iavestment attraction on the tax exemption privilege. They are bought only by investors of large means who have heavw sur-taxes to P Some Attractive Yie In this respect they come into competition with high-grade state and municipal issues. It is interesting to nete that to- day’s offerings of southern state and municipal obligations are cn a basis cent in the case of the city of Nor- folk bonds to 5.1 per cent in the case yleld from 4.40 to 4.50 per cent. None of these has the quality of a direct obligation of the United States, on the other hand, there is no doubt about {the security and the return is at- tractive to purchasers of this grade of investment. Foreign Issues Dull. Foreign bongs dragged along most of the day. The activity so notice- able in French issues Tuesday was lacking today. The department of the Seine 7s and the Paris, Lyons and Mediterranean 6s held relatively bet- ter than the rest. Heaviness was evident in the Jugoslav 8s and the Austrian 7s. Probably reports of new complications between Italy Jugoslavia were responsible, the only feature was the betterment in the St. Paul issues. Otherwise railroad bonds were about as dull as railroad stocks. Sugar {ssues were a little firmer, notably the Cuba Cane After the Cuba Cane Sugar Cor- poration pays off the bank notes due the last of this month the 8 per cent bonds will rank equally with the Ts. | {APPLE SHIPMENTS [ IN BOXES DOUBLED . Agriculture Department Reports Peaches 2,000 Carloads Be- hind Year Ago. By the Associated Press. CHICAGO, September 12.—The var!- eties of apples that are sold in boxes jare coming into market at double the volume of a year ago, the bureau of | agriculture economics of the United States Department of Agriculture anounces today. Those varieties that are barreled are scarce because of a limited crop of fal] varieties and also the lateness of the season. Peaches were reported at about 2.000 car loads behind the volume of shipments for a year ago at this time, Wwith the largest remaining supply to come from New York. The report said of these New York peaches that “size and quality appear to be sat- isfactory.” The New York crop was estimated at possibly 4,000 carloads. UNION PLEA DENIED. Judge Refuses to Dismiss Coal Operators’ Suit. FORT SMITH. Ark., 12.—Judge Frank A. Youmans, In United States district court here, overruled a motion to dismiss the suit of the Coronado Coal Company against the United Mine Workers of America, in which judgment is asked for $2,222.000, as a result of labor riots i e Hartford valley of Se- bastian county, Ark., in 1914, September START DAIRY COITONY. ST. LOUIS, September 12 (Speclal). —Ten thousand acres located in Ore- {gon and Ripley counties are to be converted into a Danish colony which will employ its members in dairying, cattle breeding and grain and fruit ralsing. FISHER BODY EXPANDS. PONTIAC, Mich., September 12 (Special).—The Fisher Body Company, which has just finished a million-dol lar plant here to make bodles for the Oakland Motor Company, announces that it will_begin immediate con- struction of % Jarge metal finishing plant in Pontiac to cost $500,000. FEAR LOSS OF COTTON. AMARILLO. Tex., September 12 (Special).—The labor situation is giv. ing farmers and bankers much con cern today. Farmers canyot get help as the sections are thinfy populated and cow hands make poor pickers. Much cotton may go unpicked unless the winter is late. AFTER BROOM CORN TRADE. KANSAS CITY, September 12 (Spe- cial).—A transaction just completed for the purchase of a large warehous: by the Producers Warehouse Com pany 'is the first step toward the centralization of the broom corn in- dustry here. Most of the broom corn used is produced in Texas, Oklahoma, Kansas, Colorado and Missouri. The warehouse will have a capacity of 600 cars. 1 MAY ASK HIGHER PAY. CLEVELAND, September 12 ‘(Spe- cial).—A campaign for wage in- creases in the steel industry which will give workers as much for eight hours work as they formerly re- ceived for twelve hours will résult from the present efforts to organize steel workers, according to union of- ficials. PARIS MARKET UNSTEADY. PARIS, September 12.—Prices moved irregularly on the bourse today. -Three per cent rentes, 57 francs 85 centimes. Exchange on London, 78 francs £ centimes. Five per cent loan, 74 francs 8 | centime: / | The dollar was quoted at 17 francs 231 centimes. QUARTERLY DIVIDEND. NEW YORK, September 12.—The New York Central Rallroad today de- clared a regular quarterly dividend of 1% per cent, payable November 1, to stock of record of September 28. CALL MONEY- RATES. NEW YORK. September 12.—Call money firm; high, 5; low, 5; ruling rate, 5; closing bid, 5; offered at 5%; last loan, 5; call loans against accept- ances, 414; time loans firm; ‘mixed collateral, sixty-ninety days, b%: four-six months, 5%; prime ecom- mercidl paper, 5%ab%. 3 to return the investor from 4.80 per | of the state of North Carolina notes. | State of Kansas 4148 at the market | lnd“ Among the speculative rails about | Brazil 7s. Brazil 8s Brazil T4 Canada 68 1926 Canada 5% Canada 58 1931. Canada bs 1952. | Chile 83 1946 | Chile 851926 jChile 85 1941, Chile 75 1943 Chinese Gov Ry 5s. Christiania 8s . Copenhagen 5%s. . {Cubab¥%pwi... Czechoslovak 101 100% 98% 104% 103% 104 £ 43 1108 90 9% 93% 108% 961 924 96% 96% 89% 99% 95% Nx Bdw 924 1% 79 8 8% 8% 54% 534 86% 98 110% 963 95% 89% 3% % 106% 101 3% % 7% 99% 853 67 80% 104% 67% 110% Denmark 8s Denmark 6s |Dutch E16 Dutch East t16s'62.114 | Framerican-its.. 6 i French Govt 8s.... 37 French Govt 7%s. . Halti 6s. . 12 6 . 4 10 17 2 17 11 - 10 10 .3 19 7 .15 .13 9 83 42 Saz 11 10 1st 43 {Japanese 2d 43s, | Japaneseds....... | Jergen U M 6s"47.. ! Lyons 6s. | Marseilles 6: | Mexico bs....... i Mexico §s large. | Montevideo 7 { Netherlands 6s I Norway 8s. | Norway 6s 1943 I Norway 6s 1952 { Orlent Dev deb 6 Paris-Ly’s-Med 6s. Prague 71%s... . Queensland 1 Queensland 6 {Rio de Jan 85 1948 Rio dé Jan 8s 194 { Rio Gr Do Sul 8s. .. Sao PauloState,8s. Seine, Dept of, 7s. . Serbs Crotes Slo §s i Solssons 6s. . . Sweden 6s | Tokio 5 1Ud Kingm %529, Ud Kingm 6%s°37. 25 102 101% Uruguay 8s. 4 102% 1023 MISCELLANEOUS. }Am AgrChem T34s 32 994 {AmChainsf6s'33. 14 93% {Am Cotton Oll Gs.. 11 69% AmSmIt&R 1stGs. 31 9% Am SmIt&R 6 9 100% ’Am Sugar Ref 6s.. 18 101% {AmT & Tevés.... 32 117 AmT&Tcltrbs . 22 984 {AMT&Tcltris.. 20 921 { Anaconda cv db 7s. 29 100% Anaconda 1st 6s... 69 97% Armour& Co43%s. 8 83% {Atlantic Refin5s.. 15 97% Bell Tel Pa bs 19 97% i .10 0% Sold 99% 85 654 807 104% 67 1o% 9844 2% 69% 91 100% 101% 118% 28 92 100% 9% Beth Steel 5148 90 Beth Steelrf6s.... 3 94% Beth Steel pm & 13 89% Beth Steel s £ 6; Bklyn Edison T Bklyn Ed gen bs. .. Bush T Bldg 6s '60. Central Leather 6s Cerro de Pasco §s. . I_ghne Copper 3 i 98% 108% 97 9 874 125 - 993 86% 86% | 107 i 93% 8815 80 103% 105% 90% 108 104% 100 93 102% 101% 99% 102% 116 98% 95% 93% 9% ‘ommonwth P § Con Coal Md st 5s. Cuban-Am Sug 8 | Cuba Cane cv d 8s. { Cuba Cane cv Dery (DG) Ts..... | Det Edison ref 5. . Diamond Mth 71s. Donner Steel Du Pont de N Duquesne Light 6s. Est Cuba Sug 7%8. Empire G&F 7%s. . { Fisk Rubber 85 | Gen Elec deb 5s. Goodrich 633 Goodyear 8s 1931 Goodyear 8s 1941 | Hershey 6s 1942 { Humble O&R 5%s. { Tllinois Bell 1st os. { Indiana Steel 5s. {Int Mer Marine i Int Paper 1st5s A. ! Int Paper 1st Gs {KCP&Lt5sA'52 | Kelly-Spring 8 { Lorillard (P) 5s. |Manati Sug st 73 Mer & Mfg s £ 75 '42 | Midvale Steel 6s. .. Montana Power 5s. { Morris&Co 1st 428 {New Eng Tel 5s... INY Edsn 1st 63s. N Y Tel 65 '41. {N Y Tel 6549 INY Tel 438 {N Am Edison 6s. | N States Pow 5s. Northwst B Tel Otis Steel Tis. | Pacific Gas & E1 55 ! Pacific T & T 58" i Phila Co ref 6s A Phila Co 5%s'38 Pierce-Arrow 8 | Producers & R 8s. { Public Service bs. . | Punta Alegre 7s. .. Sharon Stl H §s 102% 101% 9% 102% 116 - 98% 95% 93% $9% % 2% 85 90% 107% 4% 97% 105% 3T% 4% 8% 9T% 109% 105 106 3% 92 90% 107% 23 90% % 100% 91 76 100% 81 108% 9% 8% 8% 94% 95% 82% 100% 106 9% 98% 1023 104% 111% 6 106 101% 894 96% 87% T0% 103% 109% 106% 106% 95 95 95% 96% 107% 94% 97% 05 '87% 94% “18% 97% 109% 104% 108 3% 92 90% 107% 93 0% 9;% 109% 90% 7€ 100% 8L 108% 99 95% 88% 4% 954 82% 100% 105 97 934 1023 104% 1% 86 10574 101% 89 96% 81% T0% 102% 109% i Sin Crude O11 5% | Sin Pipe Line 53 ! 8o Por Rico Sug 7s Steel & Tube 7s. ... Sug Est Orient Tenn Elec Pow Tide Wat Ol 63%s.. Tobacco Prod st Ta Unit Drug cv 8s. .. US Rub Ist rf 5s U S Rubber 7%s. USSteels f bs. { Utah Pow & Lt Vertientes Sug 7 Va-Car Chem 7s. .. Va-Car Ch 748 w. | Warner Sugar 7s West Union 6% ‘Westinghouse Wickwire Spen 7s. Wilson & Co 1st 6s. 16 Wilson&Ccv 7%s. 6 95% 951 ‘Winchester A T%s. 3 103% 103 103 Youngstn S& T 6s. 23 99 99 99 . PROTEST FRUIT BAN. Growers in Spain Agitated Over Action by U. S. VALENCIA, Spain, September 12— | The central committee of exporters jtoday Issued a protest against the iquarantine placsd by the United States government on all fruits and vegetables offered for import from. ‘Burope. The méasure has caused great agitation among the frult grow- ors of eastern Spain, who were look- ing to the United States as an outlet 1Chi Un Sta 4%s. . { Kan City Term 4s 86% 883 86% 83% 5 32 86 98 7% 44 52% 59% 7T% Ches & Ohlo cv bs. Ches& Ocv 4%s. . Ches & O gn 4%s. . Chi & Alton 3s Chi & Alton 3%4s. . Chi B&Q gn 45 '58. Chi B&Q 1st rf 5 CRi & E 11l gn 65 ChiGreat West 4s. Chi M &St P rf 434¢ ChiM&St Pev bs. . Chi M&St P 45 '25. ChiM&S P cv 4148, Chi M&St P 4534, Chi&NW7s = 106% 76% 76% 74 20 113% 70% 103 &n 4s. . ChiRI& Pacrf4s Chi Un Sta 614 Chi& W Ind cn 4s. Chi & W Ind 73s. . CCCaBt L rf 6s CCC & StL 43 Cleve Term 5%s Cleve Term bs CubaRR & Del & Hd 1st rf 4s. Del & Hudson 5145 Den & Rio G cn 4s. D&RG 1st rf 5s. . Det United 414 Erie 18t con 4s Eriegen 4s. . Erle conv 4s A Erleconv4s B ErfeconvidsD. ... Gr Trunk sf ab 6s. Gr Northgen 7s. .. Gr North gen 5145 Hud & Man ref 5s. Hud & Man aj 55 Tl Cent ref 6s ‘55, . 11l Central 534s. Int Rap Tran 5s. .. Int Rap Tr 5s stpd. Int Rap Tran “ Int RAp Tran 7s... Int & G Noraj6s.. Int & G Nor 1st 6. Kansas City S 3s. . Kansas City S 5s 8515 99% KES, £81, 49% 51% 104 1063, T4 82 0% 85 813 Lake Shore 4528, Lehigh Valley 6s. . Louls & 1o 393 sh 7s 107 Louls & N 5s 2003 - £3% N Y Cent deb 6s. N Y Centriss ew Haven c d 6s New Haven 7s ew Haven 7s fr.. Y State Ry 4155, Y W & Bos 41is. orfolk & W cn 4s. 14 rfolk & W cv 6s Northern Pac 3 Northern Pac 4s Northn Pacri 6s. . Northern Pac §s D. O Short L cn 5s 46 Ore-Wash 1st rf 4s Pennsyl gen 5s. Pennsyl gen 41;s. Pennsyl 615 Pere Marq Ist os. .. Rapid Tran 6s. Reading gen 4s. . Rio G West c} 4s. RIArk&L4%s St L IM&S R&G 4s. BtLIM&S 4s°29. BtL&SFpldsA. StL & & & 87l 63% 74 74% £38¢ StL StL StL&SFpl6sC.. Seab’d A Lref 4s.. Seab'd A L adj 5s.. Seab'd A L con 6s. . Sou Pacific 45 1929 Sou Pacific ref 4s. . Sou Pacific clt 4s. . Southern Ry gn 4s. Southern Ry §14s. Third Aye ref 4s Third Abe adj 5s. Unlon Pac Ist 4s Union Pac 1st rf 4s Union Pac cv 4s. Virginia Ry 1st VaRy &P Ist 5s.. Western Md 4s . Western Pacific 5s. West Shore 1st 4s. . Whel &LE rf 4 %s. ‘Wisconsin Cent 4s. 1 78% TOTAL SALES (Par Value): 11am.. 1850000 12noon 3151000 1pm.. 4181000 Zp.m.. 5069000 —_— 'SHORT.TERM SECURITIES. (Quotagions fur:ished by Redmotki & €o.) ~—Noon.— 964 94 854 60 ki 79% 49% 8% Alumifum Co. of Amer. Ts 1925 1023 Aluminum Co of Amer 7s 1933 1061, American Cotton Oil s 1924 American ‘Sugar 6s 1937. American Tel. & Te American Tel. & Tel. Anaconda Copper Gx “Anglo American_0il Canadiin Nor. Ggs 1024, Central Argentine Rwy, 6s Central Leather 0s 193 Chi. R. 1. & Pac. iy Chicago Tel. 5s 1023 . Du Pont 7is 1031 Federal Sugar Ref 6s 1933, . Fisher Body Corp. 6s 1927.. Fisher Body Corp. 6y 1028 r T. & R, 8s 1931 Geeat Northern Humble 0il 5ijn 19 Kansas City Term. 85 1923 Kennecott Copper 7u 1030 Morrin & Co 7 Tenna. . R. 10275 261, 102 100% 1 IR AN Tidewater Tnlon Tank Car ix 1830°] U. 8. Rubber 7i3s 1930 . Western Unlon 614s 1936 ‘Westinghouse El & Mfg - COTTON GOODS FIRM. 10315 1081, 10074 107% Only Private Sales in Silks Are Re- | ported Todav. Special Dispatch to The Star. NEW YORK, September 12.—Cotton soods were firm in today's markets. Quotations for 64 by 60 prints rose snother eighth to 103, and those on 68 by 725 were up an eighth at 12 cents. The raw silk market was quiet, with quotations ~still withheld be- cause of continued uncertainty as to conditions in Japan. Such private sales of Japanese silk as were made oduce formerly shipped to Ger- Lz Rusgja and Austria. FLOUR BIT LOWER. MINNEAPOLIS;, Minn., September 12.—Flour unchanged to 20 cents lower, 6.3586.45; shipments, 51,808. Bran unchanged to $1 higher; 31.00a 28.50. Wheat, No. 1 northern, 1.17s 1.20; December, 1.14; September, L1s%; May, 118%. Corn, No. 3 yel- jow, 83. Oats, No. 3 white, 36%4a36%. Flax, No. 1, 2.35. s were at $11 to $11.50 a pound. Italian silk brought about the same,, and China about $12. \ TODAY’S SILVER RATES. LONDON, September 12—Bar silver, 31 7-16d per ounce. Money, 23 per cent. Discourt rates, saort bills, 3 %a 36 D35 Seak Threo months bills, 3 ¥a -16- per cent. NEW 58% | 9414 | 95% | 154 | o7 | Oer. | 4 | October | Eggs—Strictly freeh, selected, can- | dled, per dozen, 35a3?; average re-| { ceipts, 33; southern, 30. Live poultry—Roosters, per Ib., 17 | turkeys, per 1b., 30; epring chickens. ! per 1b., 30a32; keats, young, each, 50a |60; fowls, per Ib.. 24a26. | Dressed poultry—Fresh killed | apring chickens, ‘per Ib.. 34a38; winter | chickens, per Ib., 30a35; hens, per Ib., §30a32; roosters, per lb., 18; turkeys, | per 1b., 35a40; keats, young, each, 70.| i Live stock—Calves, choice, per 1b.| 11; medium, per 1Ib, 10a10%; thin,| |per 1b. 6a7. Lambs. spring, per Ib. | 113, Live pigs, 3.00a5.00 each; live hogs, per 1b., 9%. Green fruits—Apples, new, per bas- | ket, 50al.75. California oranges, per crate, 5.00a26.50; Florida, 3.00a6.00. Lemons, per box. 6.00a7.50. Grape- [ fruit, 4.00a4.50. Peaches, per crate, 1.50a3.00; 1% -bushel basket, 1.00a1.50. | Grapes, Concord, 1.50a2.00; Delaware, 1.50a2.25; Niagara, 1.50a2.50. bles—New potatoes, per bbl., 4.50a5.00; No. 2, 2.00a2.50. ' New | potatoes, round, per bag, 4.00a | New Jersey giant potatoes, per . 3.00a3.25. New sweet potatoes, |8.5024.50 per bbl. New York let-| | tuce, per crate, 1.00a1.50. Romaine lettuce, per crate, 1.00a1.25. Cab- | bage, per crate, 2.5023.00; nearby, 1.50 | al75 per bbl. ' Eggplant, per ‘crate, | |1.00a1.25. Tomatoes, i-bushel bas- | Ket, nearby, 25a50. Beans, 2.50a3.00 per bbl. New York celery, per crate, 4.50a5 Peppers, Kale, per per crate, Home-grown 'lima beans, {per quart, 20a30. “New York cucum- | bers, per bushel. 3.00a4.00. Sugar | corn, per dozen, 15a25. DAIRY MARKETS. BALTIMORE, September 1 poultry—Spring _chickens, 1 | Leghorns, 23a26; old hen | Leghorns, 20a22; old roosters, { ducks, pigeons, pair, & . each, 40a60. ggs—Loss off, native and nearby sts, doz., 36; southcrn, 34a35. i Butter—Creamery, good to fancy, i1b. 42a46%: prints, 46a48; nearby { creamery, 35a42; ladles, 34a35; rolls, {31a33; store packed, 31; dairy prints, {31a33; process butter, 38a39. No grain quotations owing to legal holiday, Defenders' day, chamber of :ommerce being closed. [} BALTIMORE PROVISION | BALTIMORE, Md. September 12 | (special).—Potatoes, new, bbl., 1.50a 50; per 100 1bs., 1.00a%.75; sweets vams, bbl., 1.50a3.50; basket, 30a bushel, 50a75; lima beans, “hel, 1.5022.00; beets, 100, 4.0085.00; |cabbage, 5.0028.00; carrots, 100, 4.00a5.00; celery, doz., 30a60; corn, doz., 2 basket, 50a75; eEE- . 25a35; squash, basket, 50a1.25; onions, 23.50; o cking stock, bushel, s, barrel, 1.50a3.00; bushel, 1.00 basket, 15a50; blackberries, cantaloupes, crate, 1.00a . 25a1.00; damsons, bushel, huckleberries, qt, 15a20; basket, 20a1.00; peaches, ; _bask 75a1.10; ermelons, lower; o 230-pound averages, F : top. 9.40; bulk desirable, 240 to 300-pound butchers, 8.80a9.05: nos'llpar‘kinbr sows, 7.40a7.65; few de- irable c s itive: beef steers, vearlings and de- {sirable beef heifers, strong to 15 {higher: desirable yearlings scarce: learly top matured steers, 12.90; bulk, 10:00a11.50; fat cows, canners, cut- ters and ‘bulls, steady to strong: quality considered, strong to higher; bulk stockers and feeders, 0: bulk veal calves to packers, 50; bulk bologna bulls, fed beef heifers, ccelpts, 27.000; fairly ac- lambs and vearlings, to sheep, slow, around steady: ibs, 14.15: feeding lambs, 13.60 ; native fat lambs, 13.25a13.50 1 and handyweight fat ewes, 5 yearling wethers, up- ODAY'S CHICAGO PRICES. CHICAGO, September 12.—Influenced jchiefly by weakness of Winnipeg | quotations, fresh iof wheat took place here today, dur- {H\g the early dealings. Buying sup- port developed, however, under $1.05 jfor the December delivery. iwas mostly of a local character. The ! opening. which ranged from 1 to % {1ower, with December 1.04% to 1.05%. | i nd Msy 1.1 to 1.10%, was followed by a moderate general sag, and then { something of a raily. | Despite reports of frosts. corn was casier with wheat. After openin : t La¥e lower to went a’slight setback all around. | " Oats were steady in the absence [any decided selling pressure. start- | {ing at a shade off to % up. Decemoer, 1 35%a39%;, and later showing but little {chanze | Lower quotations on hogs weakened | ? i the provision market. 1 Bearish crop estimates from Canada the wheat market tending ownward in the last part of the day. i Pri closed heavy, 1z to % lower. WHEAT— Low. 101 1083 1108 High. 1,028 Open. L1017 10§75 R RT May OATS eptember ecember May 12.01 1197 B2 S FhS | september . APPLE DEMAND BETTER. Peaches Also Sell Higher in New York Markets. Special Dispateh to The Star. NEW YORK, September 12.-—Be- cause of the second day of the Jew- {ish holidays receipts, for the . most part, were even lighter today than Tuesday, but trading showed some increase and priees.for a number of | commodities were sMghtly higher. | The apple market was somewhat istronger ,and the demand better, though prices were practically un- changed. The demand was particu- larly strong for large sized fruit. which of most varieties brought close to $2 a bushel, with fancy McIntosh apples as high as $2.25 and $2.50. A. small shipment of second crop strawberries from nearby attracted considerable attention and brought 25¢ a quart, wholesale. They were of good condition and color, but were:| berries of small size. Peaches advanced in price today, in some cases as much for fancy stock. This applied both | 1 bulk good and | strong weight killing pigs, | 4.25 Al <5 higher; feeding lambs, | declines in the price | €| 3¢ advance, De- ! {cember, 68 to 681ac, the market under- | against $18.30 a share in 1922 ot | 9.00 9.00 | | { i 11.000; fairly ac-ireturned from a motor tour of Ne Trade | 1 iMay, N. J. 1 000, morning when forms for answering the third request were received from Controller of the Currency Henry M Dawes. The current form for reporting the pending call is known in local bank jargon as “the short form.” While it contalns the usval forty-four queries, but nine schedules are asked for. The longer form, which is used for reporting condition as of the end of the fiscal year, contains fourteen schedules. This, most likely, will also be used when statement of condition is requested for the end of th Present calencar year. It was stated that nine schedules are the least asked for in recen: years by the controller. The new form also asked the location. title and names of the president and cashier of bank, which is essentlal to the controller in making his an nual report to Congre: The banks' attention was called to the fact that all records necessarv for furnishing information called for in the longer reports should be main- tained as this information will be called for in later reports. While the actual call for state. ment of condition perhaps ten days hence, District bankers. as a whole, predict a huge falling off i deposits. This ts caused, primar by the usual seasonal duliness. Trading on Local Exchange. Local securities, with the exce of Riggs National Bank right ered the greater part of their los. suffered in yesterday's trading. W is |ington Railway and Electric preferred 50ld up to 7114 after opening a quar- ter point lower on sales aggregating forty-three shares. Gas Light s recovered to 49 on sales of sheres, and Lanston was firm a Riggs rights sold at 93 and twenty-five certificates ownership. The bond list was neglected. or Washington Gas 6 of 1,000 denomina tion at 1003 being the only tran tion. Bullding Permlts Gain. veral months of decreas atistics for August show gain in permits issued, which i volved an estimated expenditure of $205,230,374 at leading cities of the United States. This is the heaviest amount reported to Dun's Revie since last May and shows an incre of 13.9 per cent over the total for August, 1922. The larger aggregate tomatoes, bas- |last month was mainly due to expan- sion in Greater New York. wherg t permits (% : exceeded {ho of August a year ago by 56.4 per cent While the boroughs of Queens and Richmond showed only slight gains. there was an increase of 139 per cc in the Bronx, 100.9 per cent in Brook- Iyn and 344 in Manhattan Outside of New York city. the August total of $157,309,806 surpassel the amount for the same month of last vear by 5.2 per cent. gains in the southern states, central western states and the Pacific coast section ore than offsetting decreases in ew England, the middie Atlaniic states and the western arca. Personal Mention. H. D. K. Peachy, manager of the local office of Brooke, Stokes & Co. has returned from a vacation at Cape C. Griscom Randle. affili- ated with the same concern, al England territor,; Market Flashes at Today’s Close A preferred stockholders’ com tee of the American Writing Paper Company was organized today. Ar- rangements will be made for securing additional worklng capital for the company. B. W. Jones. vice presi- dent of the Bankers Trust Company, was asked to serve as chairman New York bank clearings. $346 New York bank balances 000,000. New York Federal I Bank erddits, $65,000,000. bank clearings, $54,000.000 Mountain Products Cerporation ha declared extra d dend of 10 cents and reguiar quarterly of 20 cents $ serve Boston There are only 2,400 bales of cer- tificated cotton at New York avail- able for deliveries on October con- tracts, agamst 74,000 last May. Sep- tember 25 is the first day for the it suance of “notices” on Octover. Dow-Jones says: American Can's 1923 earnings - are wxpected to run about $20 a share on common stock Fina) showing, however, will depend largely on results of next three months, as company has' just about entered busiest season. Air _Reduction declared regular quarterly dividend of $1 on commor Humble Oil declared regular quar- terly 30-cent dividend, payable Oc- tober 1. et S LUMBER HEADS LIST. | Tops Heaviest Commodity Freight Shipments Ever Known. ATLANTA, September 12.—In an ad- dress delivered before the bimonthiy meeting of the Southern Shippers’ A<- sociation, In session here yesterday D. M. Betts of Washington, repre- senting the American Railway Asso- clation, declared that the loading re ports to the association for the we ending September 1 showed that 1,092,667 cars were loaded during the week and that it represented the heaviest figure ever reached in one week. “Lumber shipments led the list commodities, the report showed.” Mr Betts Heclared, “while it was indi- cated that other shipments showed substantial gains during the period covered in the report.” Mr. Botts asserted that the loadi reports continue to show the heaviest movement of freight in the history the country. The meeting of the shippers con- cerned itself chiefly with problems connected with the increased move- ment of freight. AFTER FOREIGN AGENCIES. NEW YORK, September 12.—David A. Schulte, president of the Schulte Retail Stores Corporation and the Park & Tilford Company, sailing for Europe yesterday on the Aquitania. sald that he was goiug abroad in the interest of Park & Tilford to es- tablish foreign connections in order to arrange exclusive agencies in this country for the distribution of certain $1 a crate | ford. foreign products through Park & Til- Mr. Schulte said thit earnings of the to elbertas and white peaches anu |Schulte stores should be i5 per cent was generally attributed to the rela- better in the last half year than in the tively light supply from New Jersey. | first six months, when they amounted gun arriving in quantity. RK, September 13.—Bar|New York peaches have not yet be- jto 32,000,000 before taxes, but after silver, 63%; Mexican dollars, 48%. charges. i