Evening Star Newspaper, September 21, 1923, Page 30

L " 30 FOUR BIG STOCK TOUCH NEW LOWS Baldwin, Studebaker, U. S. Steel and American Woolen at Year’s Bottom. BY STUART P, WEST. Bpecial Dispatch to The Star. NEW YORK, September 21.—To- market was another case of con- ed sclling in a few selected with a view- to forcing a gen- decline. Baldwin Locomotive under .113, Studebaker under par, Steel common under 87 and American Wool below were all at their lowest Reassuring statement of the presi- dent of the American Woolen Com- pany in which he denied reports of new financing and the cutting of divi- dends checked the selling in that stock. But operators for the decline continued their efforts with some sue- 1st_the equipments, motors s. The argument in these in- R was that new business was not coming in as expected and that sooner ol plant operations would have to be curtailed. Cosden Again Thrown Over. Cosden Oil was actively sold in an- ticipation of unfavorable action the dividend meeting scheduled after the of business on the stock exchange. The impression was that board was divided, some wishing cut of $2 and others the pa vidend_altogether, were likely to previ Other oil shares were irregular, some of of them slightly lower and othersa her. But the main point was r the third day in successi no heavy selling. In behavior of the oil group did much to encourage the view that, the worst is now known about oil trafle conditions presumably been well discounted in the marKet for these stocks. a ks close Sugar One of the b steadiness of the managed to ret cent gains. templative rails. [ pots was the sugar stocks, which n_most of their re- sther was the con- th in a few of the altimore and Ohio w leader in these, getting acro where it was up more than 3 from the low early in the week. he motive in its case was tation of another favorable statement for August. It could sald, however, that there was vidence of the upward move- in the railw ction, which have been predicting Some early buying of R Erie issues appeared to nothing more substantial latest covering of shorts. Wall Street Sentiment Divided. Leading brokerage houses sent out varied opinions on the market today, made a good deal of the rumor that heavy losses by certain big sgec- ulators on the long side of the® oil shares and on the short side of cotton had compelled the sacrifice of other holdings. A second firm called at- tention to the fact that the price average was within 1% points of the lowest of the yvear, and claimed that it was too early to expect a termina- tion of the downward swing. A third house looked for the main downward movement to be resumed, but thought that the es had been liquidat- sroups. arish expri the re nions recently given out by lead- s in the business and financial world and sustained by the head of the Department of Commerce and the Federal Reserve Board. Utility Stocks Hold Their Own. There has been little feature in the market for puble utility stocks for som but it has been noticeable was little liquidation in le other parts of the stt exp. not - any ment some represent than the thes howev sions were has been fr nd Brooklyn son aken between 106 and 107, on the ‘attractiveness of their yields and the feeling that dividends are well se- cured. North American has been well supported around 20, and scarce- Iy any Columbia Gas has come out. Public Gas w Jersey has re- ported for August a balance after s of $168,015 against $72,542 last year. Federal Reserve Report. eekly statement of the Reserve bought around New Bank is a re- ble exhibit. At the season when ily the crop moving is at its and when the demand for is further enlarged by the necessity of financing the autumn trad. the member banks have paid off $67,000,000 at the reserve institu- tion, while the latter have reduced its bill holding by an additional $13, 000.000 height money a result of this loan re- to a much I extent the continued accumula- reserve ratio has had remarkable jump from $1.3 to 7.7 per t, the latter the highest in over z 1t is small wonder with ny to the ease of the au- tumn money market that call loans should have been, made on the stock exchange as low at 3% per cent, and borrowers on time contracts who were willing to pay 5% per cent at the start of the present week, should have dropped their bids to 5% per cent for the longer term and for the shorter. CLOSE IS IRREGULAR. Sales for Day Total About 600,- 000 Shares. By the Associated Press NEW YORK, September 21.— prices developed alternate of weakness and strength in ssions, with net losses pre- dominating at ' the close. Eastern railroad shares and low-priced oils showed moderate strength. Sales approximated 700,000 shares. The close was irregular. Week- end short covering in some of the low-priced oils, which rose 1 to near- ly 2 points in the last hour, was counteracted by fresh offerings of some of the speculative leaders when the call money rate was marked up to 5 per cent ‘ SUGAR GOES HIGHER. Advance Scored in Both Raw and Refined Markets. NEW YORK, September 2 There was a further advance of 3 In the local raw sugar market early today and a continued good inquiry. Prices are now quoted at 5% for Cubas, cost and freight, equal to 7.41 for centrif- ugal. There were sales of about 91,- 000 bags of Cubas gor first half Oc- tober shipment al 5%, cost and freight, and later 32,000 bags sold at 5%. The advance in both the raw and refined markets as well as continued strength abroad led to increased buy- \ing in raw sugar futures, with prices wi midday showing advances of 11 to i points. September showed the maximum gain on covering, while theer was also considerable “Wall street and trade buying. The continued advance in raw led to another upward revision in re- fined prices, with fine granulated now ranging from 8.60 to 8.90, or 10 to 25 points above the close of yesterday. Demand continued good. T DT MORE CUTS IN OIL. FINDLAY, Ohio, September 21.—The Ohio Ol Company today reduced the prices of six grades of Wyoming crude oil. New prices and cuts are: Grass creek and Elk basin, $1.35, off 35 cents; Big muddy, 75 cents, off 35 vents; Lance creek, $1.20, off 50 cents Tock ‘creek, 90 cents, off 35 cents, an Mule creek, 75 cents, off 20 cents | barrols. the | ding and | ring | Consolidated | as been- FINANCIAL. ' THE EVENING STAR, WASHINGTON, D. o vev vorx BONDS NEW YORK STOCK EXCHANGE || Recelved by Private Wire Direct to The Star Office Ajax Rubber.. Alaska Juneau Allied Chem. Allied Chem pf. Allis Chalmers Am Agr Chem. Am Ag Chm pf.. Am Beet Sugar. Am Can.. Am Chain Am Chicle Co. Am Cotton Ofl. Am Drugglst. Am H & Leath Am H & Lea pt. Am Ice. Am Internat'l. Am La France Am Linseed. Am Locomotiv Am Metals. Am Radiator, Am Safe Razor. Am Smelting Am Sumatra. Am Steel Fdy. Am Sugar. .. Am Tel & Teleg. Am Tobacco. ... Am Tobac (B). Am Tob pf (n).. Am Water Wk { Am Woolen ‘Am Woolen Am Zinc & Lea Anaconda. ..... Arnold Constab, Ass0 D Goods, Atchison...... Atchison pf Atlan Cst Line { Atlantic Ret. Atlas Powder. Atlas Powd pf Atlas Tack Austin Nichols Auto Sales pf. Baldwin Loco. Balto & Ohio. .. Balto & Ohlo pf. Batopilas Min. Bayuk Bros. Beechnut Pack." Beth Steel . Booth Fish. .. Bklyn Rap T fp.. Burns Bros (A) Burns Bros (B). Butte Copper. Butte & Super. Caddo Oil. . Calif Petrol. Calif Petrol pf.. ’ | Callahan Zinc. .. Calumet & Hecla Calumet & H(n) Canadlan Puc. . Central Leath . Cent Leath pf ... Century Rib Mil Cerro de Pasco. Chandler Mo Chesap & Ohlo Chi & Alton pt Chi & E Tl pt. Chi Mil &St P pt. Chi & Northwa. Chi RI& Pac... ChiR1&P8% pf. Chile Copper Chino Copper. CCC&StL. Coca-Cola. Colo Fuel Columbia Ga: ConsCigar Cons Gas of NY. | Continental Mot | Cons Textil: Cont Can. Corn Products Cosden & Co. Cosden pf. Crucible Steel. .. Cuban-Am Sug. Cuba Cane Sug.. Cuba.Cane S pf.. | Cuban Dom’can. | Cuyamel Fruit.. Davidson Chem. Del & Hudson. .. Douglas Corpn. . Dupont (ET) Eastman Kodak Eaton Axle & Sp { Endicott-John | Erie. 2 Erielstpf. Erie 2d pt Famous Plavers Famous Play pf. Fifith Ave Bus. . Fisher B of O pf Fisk Rubber.... Fleishman. Freeport Texa Foundation Co Gen Asphalt. Gen Cigar. { Gen Electrie. Gen Motors. ... Gen Mot 6% deb. Gen Mot 7% deb. Glidden . Goodrich. . Goodrich pf. Gt Northern pf. Great Nor Or Greene-Canan Gulf Mo & Nor Gulf M & Nor p! Gulf St Steel. Hanna (M A) pf. Harbishaw Cab., Hartman Corp Hayes Wheel. Househ’d Prod Houston OIl..... Hudson Motors. Hupp Motors. .. Hydraulic Stl... Illinols Central. Ind Oll & Gas... Indiahoma. . Inspiration Int Cement. In Combust E. Int Harvester. Int Mer Marine. Int M Marine pf. Int Nickel intl Paper. Intl Paper (; Invincible Ofl. Iron Prod ctfs.. 1sland Oll. .. Jewel Tea pf Joues Te: Jones & L'gh pf. Kansas City S.. Kelsey Wheel. Kennecott. Keystone Tir Lee T & Rubber. Lehigh Valley. | Lima Locomo Loews Inc. -| Lott Inc. . Loose-Wile: .. | Lorillard (P) { Louis & Nash. Mack Trucks. Mellinson & Co. Man El Inv guar Maracaibo Ofl... Market St prior. i Marland Oil.... Mariin-Parry. Maxwell (A)... | Maxwell (B) May Dp Stores. . Melntyre Por. Mex Seaboard. . Mex Seabd ctts Middle St Oli. .. Midvale Steel. Minn & StL (n). Mo Kan & Tex. Mo K & Tex pf. Mo Pacific. Mo Pacific pf. Montg'y Ward. . Moon Motors. Mother Lod Natl Acme. Nat Biscuit..... Natl Cloak & S, Natl Dept Stores Natl Enamel. Nevada Copper. NOr Tex & Mex. NY Air Brake... NY Air Brk (A). N Y Central. .. NY Chi & StL NYNH&Harttd. NY O & Westra. North Amer. ., Open. 5% K 645 107 41% 13% 36 35 20% 22 10% % 4% % 38% 90% 17% 1l 18% 68% 43% 80 6% 56% 21% B5% 64 122 145% 144 100% 39 78% 100% S T4 38% 16% 79 96% 87% 110 101 53 81% 10% 24 13 115 48% 57% % 52% 70 88 7% % ke 3 12 67% 27 81 168% 18% 80t 9 6% 2218 781 55% 26% 1% 10 4815 76% ks Ya S5t 34 31% 45 23% 18% 1% 104% % 45 108 16% 37 27 83 83 4 17% 60% 62 15% 6 48% 1659% 87 75 30 35 66% 21% 29 89% 11 T6% 9 9 A% 88 36 48 100% 3% 11% 16% 17% Low. 5% % 63% 107 89% 13% 36 3¢ 90% 214 10% 6% 4% 7% 381 89% 16% 1% 18% 68 43% 80 5% 563 20% 35 64 121% 145% 144 100% 39 6% 100% % 38% 15% 79 6% 87% 110 299% 53 84v% 10% 234 13 112% 48% 5% i 524 674 47 Sk 33% 100% 24% 5% 14 1% o1 4% 19 Close. % % 64% 107 39% 13% 36 Nerth Am pf, North Pacific... . Ohlo BAy & Blw. Oklahoma Prod. Otis Elevator. Otis Steel. Owens Bottl . Pac Coast 2d pf. Pacific OIL A Packard Motor. Pan-Am Pete. .. Pan-Am P (B).. Pennsylvanta. Penn Seabd Stl1. Pere Marquetts. Philadélphia Co Philip Morrls. .. Phillips Pet . Phoenix Hosler: Plerce-Arrow .. Plerce Oll pf.... Pitts Utilities pf. Pitts & W Vi Pressed St1 C: Produe & Ref. Pub Servie Pullman Co. Punta Alegr Pure Oll.. Railway Stl Sp. Rapid Tran Sec. Rap Tran Sec pf Ray Con Copper Reading.... Reading 1st pf. . Reading 2d pt Remington Rep Ir & Steel. . Replogle Steel. . Reynolds Spr.... Rey Tobac (B).. Royal Dutch, St L & San Fran St L&San Fr pf. St L Southwn... St L South pf. Savage Arms. .. Schulte Stores. . Seaboard Alr Seabd AL pf. Sears Roebuck. Seneca Copper. . Shell Union. ... Shell Union pf.. Simms Petrol... Simmons Sinclair Of Sinclair pf. Skelly Ofl...... Sloss-Shetfield. . So Porto Sugar. South Pacific. Southern Rwy. . Southern Ry pf. St Ol of Callf. .. Stand Ofl of N | Switt & StOflof N J pt. Stewart-Warner Studebaker..... Submarine Bt Superior Cil.... SweetsCoof A.. Tenn Copper. ... Texas Company Tex Gulf Sulph.. Texas & Pacific. Tex & P C & Ofl. Tide Water Ofl. . Timken Bearing Tobacco Frod. .. Tobacco Frod A. Trans Cont Oll. . Underw'd(new). Union Pacific. .. United Ry Inv.. U S Cast I Pipe.. USCastIr Ppf. U S Indus Alco. . US Realty...... U S Rubber..... USRublstpt.. U S St < U S Steel pf. 1 Utah Copper. Utah Securities. Vanadlum Corp. Vivadou. Wabash. . Wabash pt West Elec pf. .. Western Md. 2d. Western Urlon. West Air Brke. . Westhse EI&M. Wheel & LE pf. White Eag Oil. . ‘White Motor. ‘White Oll. Wickwire. Wilson Ci Willys-Overls Willys-Overi pt. Wisconsin Cent. Open. High. 48 48 57% 3% 1% 118% T 42% 15 824 12% 656% 5% 23 37 92 e 17% 59% 15% 29% 18% 8% 2714 113% 18 107% 80% 58% 11% 20% 47 1% 6% 21% 6'% 627 28 Woolworth. .... 256 Worthington. .. Wright Aero... Call Money. , HOURLY SALES OF STOCKS. ©282900 12m -- 499500 —— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 11am. 1p.m. American Tel. & Tel. 68 1925, Anaconda Copper fis ‘Anglo-American Oil 7 Federal Sugar Re Fisher Body Corp. 6s Goodyear T. & K. Great Northies Hocking 24% % 1929, 1 1927 Valley s 1624 Humble Ol 538 1082, Kansan City Term. 83 Kennecott Copper 78 Michigan State Tel M. St P. &8. 8. Pennn, . B Te1930, St. Paul Union Depot 5ijs 1923 oebuck & Co. 7n 1923... Sears, Standard Oil of Call Co. 3 1932 1623' 1930, Tidewater Uil 63s 1081 Taign Taak Ca Western Union Weatinghouse 2p.m Low. Close. 43 7% % 1% 120 % 2y 15 4 12% 56% 54% 42% 2% 1% 43% 16% 21% 29 8% 20 10% 41% 49 22% 42% 115% 54 17 100 13% 40% 10% 3% 52% 52 4% 42% 11 21% 66% 4“ 43 b7T% T4 8% 1% 118% ™ 2% 15 2% 124 bi% 53% 2% 2% 41% 43% 154 20% 29 8% 20 10% 0% 49 20% 2% 115% 534 16% 100 13% o 9% 52 100% B4 2% 2% 9 39% 54% 21% 7% 9% 35 53 8243 3% 38 128% 10% 32 78 48% 93 3% 81% 87% 117% 59% 15% 29% 18% 8% 27% 113% 18 107% { 804 5814 11 20% 4T " 39% b54% 20% % 974 347 52 82% 3% 38 128 10 82 78 4% 93 86% 91% 867 1% 59% 15% 29 18% 81 27% 1134 18 107% 8014 58% 11 20% e 1% 6% 21 6 60% /.28 28 255 255 20 24% 9% 9% 9w High. Low. Last. 5 &, ® 55% 214 74 9T% 35 53 82% 3% 384% 29 10% 327 8% 48% 93 37% 92 87% 17% 59% 15% 29% 18% 8% 281 11s% i8 107% 80% 58% 11% 20% AT% 1% 6% 21% 6% €33 28 256 24% 1 6% 21 6% ¢ €0%% 369700 604 600 —Noon.— oner. 2 n:g?’ 1018 100, 115 1063 —_— U. 5. TREASURY CERTIFICATES, (Quotitions. furnished by Redmond & Co.) December 15, 1023, March 15, 1924 March 15, 1924 June 15, 1024 Beptember ' 13. 4#n March 15, 4348 December 15, 1937 L PHILADELPHIA, (Special).—Before the end of this week steamers here will have dis- charged over 9.000,000 feet of hem- lock spruce and fir lumber from Weshington and Oregon. These car- Boes were-en route at the time of the Japanese ei ceipts here 100 . 1003-32 ———Noon. Bia. " ofter. 99 15-16 100 1-32 100 132 100 8-16. 100 13-16 100 15-18 100 25-82 100 29-32 100110 100% 13-18 99 16-16 e 1% 100332 100316 0% 991 100732 100 11-82 99 23-82 99 2038 R STEAMERS DOCK. September |, 21 thquake and a lull in re- is expected until the Japanese demand is filled. PARIS MARKET STRONG. PARIS, September 21.—Prices im- proved ‘on the bourse today. Three per cent rentes, 56 francs 85 centime: Exchange on London, 15 _centimes. 77 francs) Five per cent Toan, 76 francs & _quoted“at 16 francs centimes. . . The dollar Was 96 contimes. 5 B SCORES GRAIN ACT. INDIANAPOLIS, Ind.; September 21; —Repeal of the grain futures act was, declared to be essential for the' fu- ture welfare of the farmer and con sumer by John R. Mauff, exécutive vice president of.the Chicago Board of Trade in an address at the annual meeting of the Indlana Millers’ As- sociation here yestérday. asserted-that the act ufr _;:u nmun it mn‘v:,i‘:?eé?x‘l" Mr. Mai FURTHER DEMAND FORFRENCH BONDS Strength in U. S. Government Issue Also Feature in To- '_ day’s Trading. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 21.—Fur- ther buying of French government se- curities and sustained firmness in libertys were the features of today’s bond market. The basis for the improvement in the French issues was continued fa- vorable news from abroad combined with the’ possibility of speculative profits because of the high yield which these bonds give at current market_pric Municipals in Demand. The striking fact about the French bonds was that the municipal and provincial issues were in especial favor. There were curlous irregu- larities even among these. For in- stance, City of Lyon 6s were in greater demand than. either the Bordeaux or Marseille 6s. It would be logical to expect some corresponding improvement in quo- tations for central European bonds. There was no such development, however. The Austrian 7s. the Caechoslovak 'Ss, the City of Greater Prague 7%s and the Jugoslay 8s were little changed. Eight to 12 per cent are obtainable at present prices for these bonds. The other mnote- worthy development of today in the foreign group was further weakness in the Cyban 53s on heavy tran: actions. Strength in Libertys. The strength in the libertys, was generally explained as due fo ‘gov- ernment buying. The high-grade ralls and industrials falled to share the improvement. On the other hand the easier money market has shown in the quotations for time funds, and in the federal reserve statement ought, theortetically, ~ at least, to make for higher prices in prime -investment lssues. That, of course, may. come later. An_encouraging development was the interest shown in such good mis dle-grade obligations as B. & O. firat 4s around 77. B. & O. bonds are still legal investment for savings banks in New York state, and the earnings warrant the hope that a dividend will be declared on the common before the end of the year. Meanwhile the first 4s are selling on almost a 5% pér cent basis. - Traction Bonds Heavy. Practically all the traction bonds were heavy, and especially the Inter- borough issues. Hudson and Man- hattan incomes sold well below 60 for the first time recently. For the first seven months the Hudson and Man- hattan Company reported a surplus after charges, including Interest on these income bonds, of ~ $673,075, agalnst $432.795 in the corresponding: period of 1 At today's price the income bonds yield 8.75 per cent. Among the speculative rails buying was noted in Seaboard refunding 4s and in the Erle issues generally, but without much change in price. —_— QUOTATIONS SLUMP IN COTTON MARKET Better : Weather and New Crop Estimates Have Un- settling Effect. NEW YORK, September 21.—The cotton market was easier during to- day's early trading under realizing and selling for a reaction which was promoted by relatively easy cables and reports of better weather prospects in the south. The opening was steady at a decline of § to 25 points and| there was considerable buying at (he! By the Associated Press. l start on overnight orders. The de- mand was soon filled, however, with October easing off to 29.33 and Janu- ary to 28.46, or about 35 to 37 points net lower, shortly after the opening. There were rumors that one of the southern authorities estimated the end September ¢ondition at .3 and the ndicated crop at 11,200,000 bales, which probably had an unsettling ef- market, although £eCt O% o siae rumors of another report making the condition 50 and the indicated yleld only 10,188,000 bales. ‘After selling off to 2030 for October and 28.33 for January, or about 40 to 50 points met lower on the general list, prices rallied on covering. At midday the market held around 29.50 for October, with active months gengrally showing rallies of ibout 18 or 20 points from the lowest. | Prices Drop in New Orleans. NEW ORLEANS, September 21.—A better opinion of weather conditions over the belt and a private crop e timate of ,11,200,000 bal combine wfih poor cables, caus 42 to 52 points in the price of cotto: during_the first hour of trading to- day. October fell off to 28.44. Much of the selling appeared to be the r: sult of liguidation of long contract: A private crop report of §0 per cent of normal as the condition, in- dicating a yield of but 10,273,000 bales, had little effect on the market beyond steadying the tone. Scattered seiling continued on expectations of better weather over ghe beit. Toward 11 o'clock October was off to 28.42, with the list at losses of 42 to 53 points. s « Closing Cotton Quotations. NEW YORK, September 21.—Cot- ton—Spot quiet; middling 30.10. Cotton futures &losed easy; Octo- ber, 29.30 to 29.34; December, 28.85- to '28.90; January, 28.34 to 28.40; March, 28.25 to 28.29; May, 28.15 to 28.20 ok NEW ORLEANS, September 21— Cotton futures closed steady at met losses of 47 to 57_points.” Oectober, 28.37; December, 28.30; January, 28,0 March, 27.95; May, 27.80. i ‘NEW ORLEANS, September 21— Spot cotton, quiet; 25 points loweér: gales on (the spot, 18; to arrive. 100 bales; low middling, 28.00; middlng, 29.00: good middling, 29.50. h.lll;;e‘lnll 4,533 ; stoek, Eaiifl SILK PRICES § Lower Charges in Japan- Cause ‘of Special Dispatch to The Star. 2 NEW YORK, September 21.—] silk prices Swere shaded in 's market on news from Jaj of 1 prices there than had beeén antici- pated, and word that fairly heavy m&?’m could be expected within a eks. The - was down 35 cents from Thusday’s figure at 10.50 and - the’ other grades showed decreases of 10 to 25 cents. Trading in the cottpn goods market was mod- erate, with prices fluctuating. off a half R A S e 12-Centsy X French Gavt 8s. .. 214 Recei # (Bales are in $1,000.) UNITED STATES BONDS, - (Fractions represent thirty - seconds. Example:. 98-3 means 98 8-32.) Sales. High. . 99-27 99-26 98-1 98-1 +98-3 9826 . 98-2 US4%s1962. 189 99-23 99-22 ‘" FOREIGN... < lot 101 Austria7s..,.. 88 87% Belglum 7344, 13 100% 100% Belgium 65 1 96% 96% 10 100% 100% 10.108% 108% 8% 80 8% 85 100% 9% 101% 100 98 102% 103% 94 108 89% 1% 2% 96% % 96% 96% 88 100% o 9244 Nk 1% 80 80 2% 86 97% 110 96% 95 904 T4% 6% 106% 101% 2 92 91 ot 96% 97 96% 984 86% 66% 821 104% 12% 65% 110% 101% Close. w01 BT% 95 100% 99% 1% 100 984 102% 108% 94 108 89% 91% 93 Canada 68 1926 Canada 5%s 192f Canada 581931 Chile 75 1943 Christiania 8s Copenhagen 5% Cuba 5%sw1.. Czechoslovaki Dentark 6; DutchE15 .22 Dutch East I 68'47. 28 Dutch East 6562 31 96% Framerican 73%s.. 14 French Govt 734s. Italy 63%s 1925, 1st 436 T Marseilles 6s.... 3 Mexico bs...... Montevideo 7s. Netherlands 6s. Norway 8 A Norway 6s 1943. Norway 65 1952. Orlent Dev deb 6s Paris-Ly's-Med 6; Prague 7% Queensland s Queensland Riode Jan 8 Riode Jan 8s 194 Rio Gr Do Sul 8s. Sao Paulo,City,ss Sgo Paulo,State,8s. Seine, Dept of, T Serbs Crotes Slo 8s Solssons 6s. Sweden 6s...... Swiss Confed 8s. Tokio 5 Ud Kingm 5% Ud Kingm 5537, Ud Steam Copen 6s Zurich 8s 110 95 90% T4% i 106% = 101% 6. 92 7. o1 97 96% 98% 87 67% 82% 104% 13 861 111% 101% 1 8 89 . 1109 109 - MISCELLANEOUS. Ajax Rubber 83 1 924 Am AgrChem T%s 11 99 Am Chainsf 6s'33. 15 93% Am SmIt&R Ist 5s. 13 90% Am SmIt&R 6s.... 11 100% Am Sugar Ref 6s.. 25 101% AmT&Tcv 6s. 2 AmT&Tecltrbs.. 14 AmT& Teltr 4 2 Anaconda cv db 7s. 42 Anaconda 1st 6s... 48 Armour & Co 4%s Bell Tel Pa bs. . Beth Steel 5148 '53. Beth Steel rf bs. Beth Steel pm 5s. Beth Steels f 6s Brier H Bt 1st 5 Bkiyn Edison 7s D. Bklyn Ed gen 58 Bush T Bldg 53°60. Central Leather 5 Cerro de Pasco 8s Chile Copper, 6: CinG & Ebs Commonwth P 6 Con Coal Md 1st 5s. Cuban-Am Sug 8s. 7 Cuba Canecvdss. 30 Det Edison ref 6 Diamond Mth 7% Donner Steel 7: Du Pontde N 7%s Duquesne Light 6 Est Cuba Sug 7% Empire G&F 1%, Fisk Rubber 8s. . 13 89 109 92% 98% 92% 90% 1004 101% 115% 97 924 9% 96% &3 97% 88% 9% 89% 97% 93% 108% 7% 91 97 119% 98% 95t 854 87 106% 981 103 105% 89 108 103% 997 1% 102% 100% 99% 101% 116% 984 94% 93% 994 765 845 29 94 91 97 95% 86% 87 106% 93% 103 105% 39% 108% 104% 9% 92 102% 101% 99% 102 116% 9844 4% Goodrich 6%%s. Goodyear 88 1931. Goodyear 8s 1941. Hérshey 6s1942... 17 Humble O&R 5358, 1 Illinois Bell 1st 5s. 32 Indiana Steel 5s... 17 Int Mer Marine 6s. 7 Int Paper 1st 55 B. KCP&Ltbs A5 Kelly-Spring 8s Lackawa S 65 '50. . Liggett & Myrs 7s. Liggett & Myrs bs. Lorillard (P) 5s. Manati Sug sf T%s 12 Mer& Mfgst7s'42 3 Mexican Pétrol 8s Mich St Tel 1st 5s Midvale Steel 58 Montana Power & Morris&Co 1st 414s 21 New Eng Tel 5s... N Y Edsn 1st § NYG EL H&P NY Tel 41 NY Tel 4 NY Tel 4% N Am Edison és. .. Northwst B Tel 7 Otis Steel §: Paclfic Gas & El 62 Paclfic T & T 58 '52 Pan-Am Pete s PhilaCoref6sA.. Phila Co 5%s '38. PlercetArrow 17 Producers & Rf 85. 10 Punta Alegre 7s 1 Saks&Cos 7. Sharon St H 8 Sinclair 01l 7; Sinclair O1l 6%s... 95 Sin Crude Ol 6s Sin Pipe Line &8 South Bell Tel bs. . So Por Rico Sug 7. Steel & Tube 7 Sug Est Orient 7s. Tenn Elec Pow 6s Tide Wat Oll 6% s Toledo Edn 1st 7s. Unit Drug cv 8s U 8 Rub 1st rf 6 U S Rubber 7% U SBteel sf5s. Utah Pow & Lt 58 Vertlentes Sug 7s. Va-Car Chem 7s.. Va-Car Ch T¥%sw. Warner Sugar 7 ‘Westinghouse 7 Wickwire Spen 7; 100 T6% B4% 894% 106% 8844 18 96% B4 97% 105 1 3 2 8 3 5 1 1 1 2 3 9 109% 9814 104% 105% 98% 91% 7% 20% 0% 81% B81% 93% 100 105% 96% 105 89% ‘WAGE BOOST EXTENDED. BROCKTON, Mass., September 21.— ‘As w-result of a conference between representatives of the Brockton Shoe Manufacturers’ Assoclation and the Joint Shoe Council of ithe Boot and Shoe. ‘Workers' -Union, the recent. 10 per-cent-wage increase granted to the B iRt e bk 5{.{( ‘are known as B ficlorris making shoes for ti Jobbln._.tn LIVERPOOL, September 2i.—Cot- ton—Spot, quiet; prices steady. Good middling, 18.65; fully middling, 18.35; middling, 17.95; low middling, 17.30; 2 inary ; ordinary, 16.50. Sales 5000 bales, including 3,400 American. mm‘:‘. ”:,30: bales, no + Getober, 16.4 93% ] 1004 | Car Clinch & 0 00t | Ches & Ohio cv bs.. 1oas | Ches & 0 ov 4% 7% | Ches & O gn 4%s 78% | Chi & Alton 334 911 | CCC&St Lrt 65 A 963 | Cleve Term 5%s. 883 | Colo & Sou 4348, 100% | Cuba R R 5s, 80_ | Erie conv . 52% | Erie canv 45 D. 86 | GrTrunk sf db 6s. 97% | Grand Trunk 7s. 96% | Gr North gen 53, 90% | Havana ERL&P 5s 74% | Hud & Man ref 6s. . 106% | 111 Central 6%s. 101% | 111 Cent ref 5555 96% | Int Rap Tran 7s 98% | Int & G Nor aj 6: 86 | Int & G Nor 1t 6 66% | Towa Cent rf 4s 82% | Towa Cent 1st 5: 1043% | Kan City Ft S 4 65% | Kan City Term 4s.. 1% | Lake Shore 4528 101% | Lehigh Valley 6s 924 | Market St cn 6s. 92% | M&StLrfex0s.. 90% | MK & T 1st 4s. 100% (MK & T prin 101% | MK & T 45 B. 115% MK &T6sC.... 97% MK & T adj 5s. 92% | Mo Pacific 6s. ... 99% | Mo Pacific gn 4s. 96% | Montrl Tm 1st 5s. 83% | N O Tex & M in s.. 97% | N Y Cent deb 6s. 90 NYCentriss 91% | N Y Cent cn 4s '98.. 89% | New Haven cd 6s.. 97% | New Haven d 4s 57. 108% | N Y State Ry 4143, 97% | NY W & Bos 4%s.. 119% | Northn Pacr 1 63. 98% | Northern Pac s D. 104 | Union Paccv 6s. 99% | Virginia Ry 1st & 6% | Western Pacific 5s. 95% 78% | Wisconsin Cent 4s. 103% | Paris, 100% | Brussels, 903 | Berin Figel 948 | Jlockhoim, 10844 | cables, .0593%: I 111% | cables, B5% |.0502; ', FRIDAY, SEPTEMBER 21, 1923. RAILROADS. Atchison gen 4s. AtlanticCL1st4s. 1 85% AtlanticCLecl 4s.. 10 80% SWdivs 37 B OToledl}ll% 1 Canadian North 7s. Canad North 6%; Canad Pac deb Central Pacific Chi & Alton 3 - RO RN ANRO NN R NGB EONE Chi B&Q gn 4s* Chi & E Tl &n 5 Chi Great West 4; € M & Puget Sd 4 ChI M &St P rf 434 Chi M&St P ov bs Chi M&St P 48°25. ., Chi M&S P ov 414 Chi M&St P 4s°34. . Chi & NW 6%s.... Chl&NW7s.. Chi Rys 5s. . ChiRI& Pacrf és 4 Chi & W Ind dn Chi & W Ind 7%s - - Cleve Term 68 80% 85 98 70% 2% 57 48% 51% 652 54% 103% 113 108% 96% 7 83 81 59% 83% 101 98 62% 61% 59 854 36% 87 16 61 73% 69% Erie gen 4s. Erle conv4s A. Gr North gen 7s. Green B& W db B. 10 101 28 63 62% 59% 86 36% 87% 16% 61 3% 69% 80 80 94% 93% 102% 102% 7% 1% 102 102 95% 95% 93% 93% 81% 81% 15% 16% 7a% ' 4% % T7% 635 63% 94% 93% 52% b52% 80% 89% 50% 50 88% 88% 7% 77 104% 1043 9% 79 56% 30 6014 62 38% 89% 84 104% 293% 9% 100 928 8% 99% 89% 108 108% 3% 67% 87% 72 67 63% 3% 99 5% 74 44y 30 6% 92 85% 82 94 6774 67% 101 100% 50% 50% 1% 91 Int Rap Tran 5s Int Rap Tr6s stpd. 13 Int Rap Tran 6s. 73% 69% 80 98% 102% 7% 102 95% 23% 81% | 16% 4% 1% 63% 3% 52% 0% 50 88% 7% 104% 94% 8% Kansas City 8 3 Long Island rf 4s Louis & Nash 5145, Louis & N s 2003. Mil El Ry & L 5. L2 New Haven 7s fr. 38% 89% 833 104 93% 99 100 92 8% 29% 89y 108 108% 93% 67% 87 1% €6% 63% 2% 99 6% 74 44 29% 65 915 8514 8215 94 Norfolk & W cn 4s. Northern Pac 4. SCammRuna 883 Ore & Calif 1st 5s. . O Short Licn 55 '46. Ore Short Liref 4s.. Ore-Wash 1st rf 43 Pennsyl gen 5: Pennsyl gen 43s. Pennsyl 6345. Pennsyl gold 7s Pere Marq 1at 5t Rapid Tran 6s Reading gen 4s. .. RIArk & L 4%s. StL&SFpldsA.. StL & SFincés. StL&SFadjés... StL&SFplésC St LS W con 4s°3: StP & KCShL 4 %s Seab'd A Liref 4s. Seab'd A L adj 5s Seab’d A L con 6s. Sou Pacific 45 1929, Sou Pacific ref 4s Sou Pacificclt 4s. .. Southern Ry 1st 5s. Southern Ry gn 4: Southern Ry 6%s.. 19 Third Ave adj 5s... 10 Union Pac ist4s... 26 PET-TETS ST ST -apples, 50a Union Pacistrfds. 4 Union Pac cv4s. ... 82 82 95% 95% 103% 108% 931 93% 79% T9% % % 3 6% 6% TOTAL SALES (Par Value): 1lam.. 2525000 12noon. 4053000 1pm.. 4863000 2pm.. 5427000 e FOREIGN EXCHANGE. 108% 93% 9% 1% 6% = 1 7 2 West Shore 1st 4s.. 3 4 1075 | (Quotations furnished by W. B. Hibbs & Co.) September 21, 1923—10:53 a.m. Nominal ~Selling checks gold valne. \ today. 4.8665 4543 K “05k0 Londen. Montreal, rane franc. 0500 k. $10 per billion. 04483, 1768 ‘0181 1380 00001415 00060 ‘0801 000083 1804 1608 265 By tho Associated Pres: NEW YORK, September 21—For- elgn exchanges firm. (Quotations in United States dollats). Great Britatn, demand, 4.54 4.54%; sixty-day 'bills banks, 4.51%; France, demand, .0593; y, demand, 04493 ; 0450; _Beigium, demand cables, ".0502%; Germany, de mand, .0000000075; cables, .000000007! 101% | Holland, demand, .3926; cables, .3932; Norway, demand, .1602; Sweden, de 652; Denmark, demand, .180: Switzerland, demand, .1771; Spain demand, .1354; Greece, demand, .0181 Poland, demand, .000008%; Czecho- slovakia, demand, .0300; Jugoslavia, demand,” .0109; ' Austria, demand, .00001%; Rumania, demand, .0046%; Argentina, demand, .3375; Brazil, de- mand, .1012; Montreal, .demand, .97 11-16. STREET CAR EARNINGS IN DETROIT DECLINE By tie Associated Press. - DETKOIT, Mich., September 21.— Net profits of the Detroit Street Rail- ways, which operate under municipal ownership, dropped. $106,861.60 for the month -of -August, compared with Au- st, 1922, the report of the com- :‘-‘ny- auditor to the mayor today revealed. Profits a. year ago were $114,801.47 for the monthly ~period, compared with $7,939.87 Igst month. _The August rt is based on the Gocent fare. A f6-cent fare became effective September 2. Increased power charges and in- creased wages for platform and elec- ‘trical employes, which were in effect the last fifteen days of the month are responsible for the slump in profits, officials of the street railway com- ‘mission assert. The operating expenses per car mile increased 3.46 cents in August over the same month a year ago, ac- cording to- the auditor’s: report, % FINANCIAL. = 1' Grain, Prodace and STOCK EXCHANGE | I3 o L,ive Stock ved by Private Wire Direct to The Star Office. LOCAL WHOLESALE MARKET. : Eggs—Strictly fresh, selected, can- dled, per dozen, 40; average receipts 38; storage, 32a3. Live poultry—Roosters, per 1b. 18; turkeys, per Ib. 33; spring chickens, per 1b.,’ 28a30; keats, young, each, 50a 60; fowls, per Ib., 24a26. Dressed poultry — Fresh killed spring chickens, per 1b., 34a38; roos| ers, per 1b.,, 30a35; hens, per 1b., 30a32; turkeys. per Ib., 40ad2; keats, YOUNg, ch, 70a75, Live stock—Calves,. choice, per 1b., 12; medium, per Ib., 10al1; thin, per Ib., 6a7. Lambs, spring, per Ib., 14%. Livi g:z-, 3.00a5.00 each; live hogs, per Ib., Green fruits—Apples, new, per bas- ket, G0al. California oranges, per crate, 5.00a6.50; Florida, 3.00a6.00. Lemons, per box, 6.00a7.50. Grape- fruit, 4.00a4.50. Peaches, per crate, 1.50a3.00; %-bushel basket, 1.00a1.50. Grapes, Concord, 1.50a2.25; Delaware, 1.50a2.50; Niagara, 1.50a2.50; Colorado i‘;f;’"' standards, 2.00a3.00; flats, 762 Vegetables—New potatoes, per bbl., No. 1, 4.50a5.00; No. 2, 2.00a2.50. New Jersey potatoes, round, per bag, 3.75a 4.00; New Jersey, giant potatoes, per bag, 3.00a3.25. New sweet potatoes. 3.604.00 per bbl. New York lettuc: per crate, 75al.75. Cabbage, north ern, 2.00a3.50 per 100 1bs., nearby, 1.50 ali5 per bbl. Eggplant, per crate 1.00a1.25. Tomatoes, %-bushel bas. ket, nearby, 40a1.00. Beans, 1.30ad.00 per bbl. New York celery, per crate, 4.50a5, Squash, 75al.50, ~Peppers. per crate, nearby, 50a60. Kale, per b, 7al.00. Spinach, per crate, 1.00a1.25. “Home-grown lima beans, per quart, 20a35. New York cucum- bers, per bushel, 2.00a3.00. Sugar corn, per dozen, 15a30. GRAIN AND PROVISION: BALTIMORE, Md., September 21 (Special).—Potatoes,” white, _barrel, 1.25a4.50; 100 pounds, 75a2.75; 150 pounds, 3.00a4.00; sweets and yams, barrel, 1.25a3¢00; - bBasket, 25a50. Beans, bushel, 1.10a1.25. Lima beans, bushel, 1.50a2.00. Beets, hundred, 5.00 a6.00. 'Cabbage, hundred, 5.00a10.00. Carrots, hundred, 4.00a6.00. Cauli- flower, hamper, = 2.00a3.25. Celery, dozen,’ 25a75. Corn, dozen, 10aZ. Cucumbers, basket, a2.25. Egs- plants, basket, 35a40. Lettuce, crate, 25a1.00. - Onions, 100 pounds, 2.00a3 Peppers, basket, 25a50. Squash, bas- ket, 1 Spinach, basket, 40a50. Tomatoes, basket, '50a60; packing stock, bushel, 70a80. Turnips, bas- ket, 50a60. Apples, barrel, 1.60a2.50; bushel, 50 al.25; basket, 20a40. Cantaloupes, crate, 1.00a2.75; basket, 25a50. Crab- . "Grapes, basket, 60a90. bushel, 1.50a2.00. 1.00a2.5 basket, bushel, 1.50a3.00; basket, ‘Watermelons, each, 10a25. Selling Prices om Gral Wheat—No.. 2 red winter, spot, 1.08%; red winter, garlicky, 3 red winter, garlicky, . 4 red winter, garlicky, Damsons, bushel, Pears, 1.00. Sales—None. 4 Corn—Cob, new, 5.10 per barrel; No. 2 corn, spot, mo quotations; track corn, yellow, No.'2 or better, 1.05 and 1.06. Sales. on Oats—No. 2 white, new, 48%; white, new, 46 3 Ryeé—Nearby, 75a85 per bushel; No. 2 rye, spot, 78 per bushel. hA Hay—Receipts, 117 tons. There is an ample supply of hay as compared with the moderate demand at pres- ent at 23.00 to 27.00 per ton. Some accumulations are noted, and the Pennsylvania railroad has placed an embargo against. further shipments of hay to all points in Baltimore un- til present accumulations are clean- ed_up. i Straw—No. 1 tangled rye. 15.00a 16.00; No. 1 wheat; 12.50a13.00; No. 1 oat, 13.00a14.00. DAIRY MARKETS. BALTIMORE, Md., September 21 (Spe- cial).—Live poultry—Spring chicken: 23a28; Leghorns, 22a25; old hens, 20 27; Leghorns, 20a22; old roosters, 15a 16, Duckes, 17a24. Pigeons. pair, 20a 25. Guinea fowl, each, 40a65. Eggs, loss offt—Natlve and nearby firsts, dozen, 40; southern, 27. Butter—Creamery, good_ fo fancy, pound, 45a48; prints, ~48a50; nearby creamery, 35a40: ladles, 34a35; rolls, 31a33; store packed, 31: dairy prints, 31a33) process butter, 38a39. TODAY'S CHICAGO PRICES. CHICAGO, September 21.—Despite a weak start, wheat scored new up- turns in price today during the early dealings. Initial declines were as- cribed to the fact that Liverpool quo- tations were lower than had been looked for. Winnipeg prices, how- ever, showed comparative firmness, and with offerings here light it took 0. 3 ibut little buying to lift values. The opening, which varied from un- changed figures to 3 lower, with De- cember 1.03% to 1.03% and May 1.09, was followed by a slight general set- back and then by an advance to well above yesterday's finish. : Unfavorable weather and scantiness of immediate supplies gave firmness to corn. After opening at 3 off to a like advance, December 67% to 67%. the market showed an upward tend- ency, September delivery in particu- lar. Oats sympathized with other grain, starting 3% lower to s gain. Decem- ber 39%. all around. Provisions were firmer in response to higher quotations on Logs. Caution In Late Tradin. The stock market quieted down considerably with the course of the afternoon. ~Bear traders were ren- dered cautious by the way the oil stocks snapped back, showing plainly an_oversold condition. \ At one time Sinclair, Producers and Refiners, Marland and others were up a point or more. The continued strength of B. & O. was another sustaining factor. In one or two specialties like Coca Cola there were signs of so-called “left-over” liquida- tion, but there were exceptions. WHEAT— Open. ~ High. Low. Close. September ... 1004 1,005 December ..... 1.03% 10280 May . 1.00 1081, CORN— Septembe Ba3g 843y Jecember 673 fe K K14 September December . May . January RIBS- October ... January ..ol CHICAGO LIVE STOCK MARKET. CHICAGO, September 21 (United States Department of Agriculture). Hogs—Receipts, 22,000 head; 10 to 15 cents higher: bulk better grades, 170 to 250 pound averages, 8.80a8.95; top, 9.00; good and choice 260 to 325 pound butchers, mostly 8.55a8.75; de- sirable 150 to 160 pound. averages, 8.40a8.60; packing sows, 0a7.7 best weighty killing plas, 6.76a7.25. Cattle—Receipts, 4,000 head; slow steers and yearlings generally stead: bulk, 8.50a10.00; killing quality, plai better grades fat cows, dull; in-b tween grades canners and cutters, bulls and vealers, steady to strong; stockers and feeders, dull;- steady with yesterday's decline; bulk veal- ers to packers, 13.50a13.75; outsiders paying upward to 14.25; bulk bologna bulls, 4.65a5.10; canners, 2.90a3.25, mostly. Sheep—Recelpts, 17,000 head; fat lambs 10 to 15 cents higher; native: 13.50a1; sorts lighter; culls, 9.50a 10.00; feederilambs slow, weak: bulk, 13.00213.50; sheep steady; fat heavy- weight ewes, 6.00a6.50. OIL OUTPUT INCREASING. Special Dispatch to The Star. SHREVEPORT, La., September 21. —The .average production of oil in Louisiana and Arkansas .increased 3,959 barrels this week compared with the previous period. The daily average for the last week totaled 192,127 barrels. The Smackover out- b‘n advanced 105,722 barrels to 108,- 67, HOUSTON, Texas, September 21 Continuous rains which have forced streams out of their banks and washed out bridges have hampered coastal oil operations this week. Im- passable roads preventing the move- ment of material have caused com- plete shutdowns-of some wells, Later the market hardened | = | ADOPT NEW HOURS SATURDAY NIGHTS Georgetown Banks Agree to Shorten Hours—Mellon Discusses Outlook. Georgetown's banks, the Farm and Mechanics' National and the tpmac Savings, will, beginning i morrow, initlate new Saturday even- ing hours, reopening from 6 to 8 p.m. during the fall and winter This new schedule was reached by mutual agreement and supplants and shortens the previous hours from 4 to 8. For a number of years these stitutions have Deen functioning along these co-operative lines, which they believe, provides the community with’ adequate banking facilities and displays the proper fecling of on rival Institution to anether. Mellon Opposes Price Fixing. Secretary Mellon does not expect the calling of an extra session of Congress by the President. Discus- sing the general business situation, the Secretary declared it was ccon- omically sound and that credit and the banking situation is good. He has not yet prepared a definite pre Eram_for submission to Congress with regard to tax revisions, he raid With reference to the subje lieving farmers through the of freight rates, the Secre the question was being c carefully by the administration. but that \it was one the Interstate Com- merce Commission should handle Tt is his opinion that vision of rall rates on farm products could, be made, and he.agrees with Scerctard Hoover ‘that the present rail rate’ structure is not on a consistent and logical basis. Freight rates had been raised hor- tzontally and in some cases those commodities -had sonably high, while not been Increased p Any changes determined terstate Commerce Commissfion « not, however, Mr. Mellon pointed cut affect present crops. It has never been feasible. he said in answer to question, to fix prices on wheat or other farm crops Applicagion of the Washingt way and Electric Company to a new $10,000,000 morts on its property. fo cover, improvements to its system alfeady made, and also to retire outstanding bonds, was grant- ed by the Public Utilities Commission vesterday _afternoon. ‘time the company will sell 81 of bonds under the | mortgage. They will & jrefunding mortgage nt gold bonds, 923, and payabl The company Is further aut to pledge with the United Housing Corporation $150,000 of its new bomis in lieu of a amount of previous securities to be retired. Bond Insue Purchased. S. W. Straus & Co. have chased an issue of $1,350,000 mortgage 6% nt three eighteen year serial coupon bonds « the Flanders Building Corporation Chicago. Interest coupons are pav- 4 able September 15 and March 15. The issue is secured by the land. build ing and equipment of the Flande: Apartment Hotel. George, M. Ferris, resident manager of the local office, is away to New York and Connecticut for a few days on business. i Brokers’ Move Offices. 3 Carlisle Peters & Co., investment brokers, now located at 1512 H street northwest. announced {he moval of their offices to roon 610, Transportation building. an H streets northwest, on September 24 Local Exchange Trading. Heavy selling of Commercial Xa tional Bank stock within a fluctuatior of one point featured the closing « sion of the Washington Stock change this morning. The opened at 1413%, at which price closed, in_the meantime selling off to 141 to 1403 in reactionary trans actions. Riggs Bank rights were un- changed at 933%, and Mergenthaler sold at 1593, Capitol Traction stock was firm at 993 and 991 There was but one bond sale, $1.000 Railway changing hands at 7lts, slightly easier than previous sales. APPLE MARKET DULL. Only Extra Fancy Supplies * Much Demand Today. Special Dispatch to The Star. NEW YORK. September 21 wholesale fruit and vegetable mar- kets were Jiberally supplied today with most varieties of fruits and vegetables, but trading in general was only moderate, and the market lacked activity, partly due to the rainy weather. The apple market was generally dull, except for extra fancy, well col- ored, red soft varieties and large sized Greenings, which were in very small proportion to the bulk of the offerings from all sections. “A" grade two ang one-half inch Wealthys sold from $4.50 to $6.50 per double-headed barrel. Basket stock brought from $1.25 to $1.50. Most of the Bartlett pears received on the markets today consisted of small sized stock, and sold_from $3.123% to $3.25 per bushel. Fancy. large Seckel pears were, in active d mand, but in very limited suppl Some sales were made as high at $12 per double-headed barrel. RS WOOL MARKET IMPROVES. Goods Demand Also Better, Weekly Review Shows, BOSTON. September 21.—The Com- mercial Bulletin will say tomorro “‘There is a much better tone in the ) wool market as a resuit of the recent buying, which has been of fair volume. Manufacturers have come back into the market again. some doubtless to keep informed, but others to buy wool and in fair ‘quan- tities., Medium to low scoureds have moved rather generally, and further sales of wool to the knitters are re- g ported with price8 but slightly Stronger for B lambs wools. Gene ally_speaking, however, prices ca i not be said to be any higher. : ““The opening of the Australian sea- son at Sydney has been auspiciou with values par to 5 per cent above the June rates, and the continent the chief - operator, with Japan fair keen. America is buying sparing of the best wools. London keeps fairly steady, but with increased withdrawals this weel “The goods market is slowly clear- ing up. Better demand for the lower priced woolen goods is !n evidence. especially - goods of the e of tweeds ~and knit goods. " while women's wear lines generally are in good position. Men's wear Worsteds, the backbone of the market, still are slow.” MILLS ON SHORT TIME. Drop in Palm Beach Cloth Demand Is Far-Reaching. SANFORD, Me., September 21—The Goodall Worsted Company’s ' mills, employing about 2,000, went on & four-day schedule today for an in. definite period, because: of the slack ening demand for Palm Beach cloth Which they manufacture. The Sanford » Mills Cbrporation’s 2,000 employes are working overtiwe on car plush and upholgtery for auto- mobiles. n- n Rail- reate general -year 6 November 1, mber 1, 1933 fi i The 4