Evening Star Newspaper, October 1, 1923, Page 25

FINANCIAL MANY STOCKS DROP 10 LOWER LEVELS Some Rehound at Close Fol- " lows ‘Day Largely in b Control of Bears. BY STUART P, WEST. ;pecial Dispatch to The S NEW YORK, Octobe! market professional traders were found working a4t cross-purposes. There were intervals of strength dur- ing which some particular stocks were bid up and there were periods of ap- parent weakness as selling broke out in other directions. €an Stocks Pounded Down. In view of the bullishness expressed on the subject of the canning indus- it was something of a shock to de, the way these stocks were driven down. The main pool »peration in Continental Can, which carried It up to 5516 some three weeks has evidently been abandoned. v the movement was given up of the unresponsive atmos- phere of the market in general. American Can, which had been mov- ing with other active Industrials broke away from the latter and fol lowed' Continental Can in its decline. Wore New Lows M: New low prices were made in Stu- debaker, Chandler and Kelly Spring- tield. Hudson Motor sold at the low- st since the stock was put on a regu- lar §3 basis. Willys Overland prefer- red was not helped by the report that the company’'s schedule called for an increase in production during October that a further progressive In- ¢xpected in November and The bear side poin this s another instance of how the market for the motor stocks was 1g- roring hopeful statements from the trade. The selling extended to Hupp Motor and to Stewart Warner. Brisk Buying In Ofls, The buving ment in while it lasted, was quite brisk. ' Pa- ~ific Ol was the leader with a jump »f over a point. When the stocks was «round its low of 311, the statement was frequently made that it was worth this figure as an assets propo- ion, regardiess of current earnings «nd ‘the suspension of dividends. At today's high Pacific Oil was up 7 points from bottom. Marland and Philllps each up 5 and Standard Oil of California the same. The action of these stocks fitted in with the judgment which has so often been expressed during the last fort- night that the oil shares were sold cut, that the worst was known about oi] situation and that it had been unted’ in the oil stocks. Brokerage Opinfons Differ. st of the market letters today ther noncommital. One wire Jiause, which has been bearish, admit- ted that as the price level approached the previous low for the year ef- fective support had been accorded. One large Broadway firm had the courage to take a bull stand, saying: “It {8 expected that railroad and other demands for steel will be large in the next few weeks. New sugar company dividends are expected and the for- cign buying of the coper metal should mnaterially gai: Forelgn News Overlooked. The only news over the week end at all calculated to influence the mar- kets was the varlous outbreaks re- ported from Germany. It may have been that the outcome of these disorders wus regarded as serions. or ft may have been that the variour price movements fully concerned with other affairs | onsidared more important. But in eveni the German situation had o or no offeet. Foreign exchanges went lower, but the decline was un- importa atlonal Biscult Strong. ional Biscuit, which has held up against the general market, was sell- ing today within 2 points of its top. One explanation is that the great bulk of the $51,000,000 common is lodged in the hands of people of means who held the old stock for years without selling, and who are in the same frame of mind toward the new. Another reason is that low wheat prices enable the company to make more than the ordinary profit. CLOSING IS IRREGULAR. 1.—In today's mo the oils, were too | Market Picks Up in Final Tr:udingw After Early Drop. By the Assoclated Press, EW . YORK, October covering operations brought about a moderate advance in today's stock market after repeated attempts of bear traders to unsettle the general list by attacking special stocks met with failure. Motors, rubber and can shares had several sinking spells, while the oils were consistently strong. Sales approximated 550,000 shares, The closing was irregular. A brisk demand for the standard railroad shares, particularly the eastern car- riers, several of which advanced a point or so, stimulated the entire list in the late dealings. Some in- dustrials weakened again in the last few minutes. 1.-—Short Market Flashes at Today’s Close The geological survey estimated bi- tuminous coal output last week at 11,400,000 tons, againit 11,431,000 tons the week preceding. Anthracite out- put was estimated at between 1,800,- 000 and 1,000,000 tons. Reports from Vienna are to_ the offcct that an agreement has been concluded with J. P. Morgan & Co, for the funding of a Polish issue bank with @ capital of $30,000,000. It was further stated that agreement has boen concluded for a long term loan of $30,000.000 with a British financial syndlcate, with the Morgan firm as participants. ew York bank clearings, $767,000,- . New York bank balances, $82 000,000. New York Federal Reserve Bank credits, $74,000.000, Boston bank clearings, $68,000,000. At 6 cents, where it sold this aftcr- noon, tho French franc was off quarter cent from last week's hign. 1¢ has Tost nearly all the gains which followed the announcement of the (GGerman surrender in the Ruhr. This was not an excesslve reaction in a market at present as highly specula- tive as any other. Committee appointed to act on Yel- low Cab stock dividend decided to declare 100 per cent stock dividend on itire capital wnd to pay dividend of 3314 cents on increased ‘apital. Stookholders’ meeting wiil 2o called to ratify proposed stock nerease in time to pay dividends by January 1 Secretary of iabor Davis has been notified that strikeing shopmen of Lehigh Valley Railroad voted to re- turn to work. This concludes months of effort by the Labor eDpartment concillators. to work out a settle- ment with shop crafts’. union. Secretary of Finance Pani has de- clded to ‘cancel commercial drafis v sstated by Mexicad financial agency in New York. Baldwin shipped forty-nine ‘en- gines last week, of .which twelve went to the Pennsylyania Rallroad. Itecord shipment this year was dur- ing flrlt eek of September. The <ol ad Qctober with $32,- 000,000 unm led orders. = Septembeér orders fncreased 37% T cent over August, which month was 12% per rent ahead of July, and July 12% ver m‘ ahead of June. monthly | Allis Chalmers Ag? Che 2'" Boeet Sugar. Am Cot O1l pt. Am Droggist. Am Expres: ed . Am Locomotiv Am Met. Am Radiator. Am Ship & Com. Am Smelting. .. AmSmelt pf.... Am Steel Fdy. Am Sugar. .. Am Tel & Teleg. Am Tobacco. ... Am Tobac (B) Am Tob pf (n) Am Water Wki Am Wo Am Woolen p! Am Writ Prof.. Am Zinc&Ld pt. Anaconda. Arnold Constab. Assets Reallzn. Associated Oll Atchison pf..... Atlan Cst Line, Auto Sales pf. Baldwin Loco. Balto & Ohlo Ralto & Ohio pf. Bayuk Bro 1st p: Beechnut Pa Beth dteel. Beth St1 7% (n). Booth Fish Bklyn Edison. Brown Shoe. Burns Bros PP Butte & Super. Calif Petrol. Cent Leath pf. Cerro de Pasco. Chandler Mot. Chesap & Ohio Ches & O pf w . Chi & Alton. Chi & Alton pt Chi & East Ili. . Chi Mi1 &St P pt. Chi & Northwa. ChiRI&Paoc... Chi R 1&P6% pf. Chi R I&P 7% pf Chi Pneu Tool. Chile Copper. Chino Copper. Cluett Pl. body. Columbn Carbon i Cons Gas of NY. | Cont Can. .. { Continental M { Corn Products. Cosden & Co Crucible Stes! Cuban-Am Sug. | Cuba Cane Sug.. 12% Cuba Cane Spf.. 48 Cuban Dom'can. & Davidson Chem. 41% Del & Hudson. .. 108 DLack& West. 112 Dome Mines.... Douglas Corpn. Dupont (E1). Dupont deb. Eastman Kodak 107 Eaton Axle : Sp 20% ol 30% | Er | Erte Zd nf ixchange Buftel { Famous Plavers | Fd Mines&sS pf.. Fisk Rubber. Fleishman...... Gen Am Tk Car. Gen Asphalt. Gen Cigar. Gen Electrlo. Gen Motors. Gen Mot 6% deb. Goodrioh pf. Goodyear pt Goodyear pr p! Guantana Sug. . Gt Northern pf.. Great Nor Or Gult St Steel Hartman Corp. . Hartman rights. Hayes Wheel. 'd Prod Hou: Houston Oll o Hudson Moto! Hupp Motors. Hydraulic 8tl. .. Ilinote Central. 104% Indiahoma o Inland Steel 364 Inland Steel pt..101% inspiration. T4 interb Rap Tr. In Ag Chemical. ! In Ag Chem pf In CombustE. .. Int Mer Marine. “ Int Nickel . Int Tel & Teles. avincible Ol { Iron Products. .. Island Oll... 1% Kresge (88) Lee T & Rubber. Lehigh Valley. W“ Lig & Myers. ... 208% Lig & Myer (85 203% Lima Locomo. Loews Inc. ... {Lott Inc..... | Looze-Wiles i Lorillerd (P). i Louis & Nash. .. 16% | Mack Trucks. .. Magma Copper.. Miam! Coppe! Middle St Oil.... Midvale Steel... Mino & StL (n). Mo Kan & Tex, . Mo K & Tex pf. | Mo Pactfic. . Mo Pacific pf. .. lonuml. Pow-r “0!11‘ . Moon Motner Lode. Nash Motors. ... Natl'Acme. . 8% Nat Biscuit...... 46% Natl Dept Stores Natl Enamel. ... : : 3 » 4 H H Nov S¢ot Steel. Ohio Fuel Bup.. Oklahoma Prod. ol Onyl}{ulery... he: m Cifeuli Pac Gas & Elec.., PacificOll...... Packard Motor. Pressed Stl Car. Pressed St C pt.. Produc & Ref... Pub SBervi Pullman Co Punt- Alegre. BIII'IY 8t 8p.. Rapid Tran Seo. My Con Copn. ading. Wlnl st vl. . Reading 2d pf. . Replogle Steel. . Rep Ir & Bteel. . RepIr & Supf.. Reynolds Bpr... Rey Tobac (B) Royal Dutch. Rutland Ry pf 8t Joseph Lead.. StL & San Fran St L&San Fr ptf. St L Southwn. Savage Arms. Schulte Storet Schulte St pr pf. Seara Roebuck. Seneca Copper. . Shell Unlon. ... Skelly Ol o 8o Porto Sugar. South Pacific. Southern Ry pf. % | Spicer Mg pf. 82% m 74 89 9% 6 84 206 206 634 17% 7 5l 160 60 | Fresh gathere §1,314,00 8t O1] of Callf. Stand Oll of N J. StOll of NJ pt.. 1 Sterling Prod. Stern Bros pf. Stewart-Warnet Strembg Corb. . 116% U 54k 114 7% €315 941s 2% 2 Tenn Copper... ‘Texas Company Tex&PC&Oll. Texas & Paciflo. Tide Water Ofl.. Timken Bearing Tobacco Prod. ‘Tobacco Prod A. ‘Trans Cont Ofl.. Union Pactfic. .. Un Drug 1st. USCastIPipe.. U S Hoftman M. U S Indus Alco. . 9 41 129 30 47% 30% 16% 38 86% "%, Utah (.opmr 60 Vanadium Corp. Va-Car Chem. Vivadou. Wabash. Wabash pf ( Wells-Fr Exp. Wu( Penn pf... 28% 9 8% | Woolworth. "5:!. SQM Low. Last, Call Money..... & 6 HOURLY SALES OF $TOCKS. 266000 C:ntlnenlll and Commercial Bank of | Mer & Mfg s 482100 & EXPORTS OF GRAIN DROP DURING WEEK More Barley and Oats Shipped, Less Wheat, But More Flour Exported. Grain exports from the United States last week amounted to 3,635,- 000 bushels, compared with 4,602,000 bushels the week previous. Figures made public today by the Commerce Department gave the fol- lowing comparisions of the grain ex- ports of the last week compared with those_of the previous week: Barley, 524,00 bushels, against corn, 190,000 bushels, against oats, 43,000 bushels, againat 000 bushels, against whelt, 2,727,000 bulhel!, against 2.833,000; flour, 291, 600 bar- rels, against 215,400, nadian grain shipped from United States ports last week amounted to * b oog,puo bushels, as compared with of the previous week. APPLE MARKET DULL. Heavy Receipts Are Reported in i New York. Special Dispateh to The Star. * NEW YORK, October 1.—Barreled and basket apples were in rather heavy supply. The early morning demand was very limited and the market continued dull and weak, as- pecially for poor to ordinary nxock which comprised the bulk.of the of- ferings. “A” grade two and one-half fach ruit ranged as follows per bar- rel: Greenings, 4.006.50; Moln: 6.00a7.00; Twenty-ounce, 4.5026.00; miscellaneous varieties, 2.50a4.60. There was a moderately active de- mand for, fancy large sized Seckel Dears, while mdst other varieties re- Deived "very little attention except extra fancy stock. Western New York Bartletts in bushel basketa o] 2.7588,26, whereas Seckels brought from 3.25a3. Virginia chestnuts wers more plen- tiful and most sales were made from $18 to $30 per bushel. NEW YORK EGG PRICES. NEW YORK, October 1—Iggs, ir- regular—Receipts, 9,234 amtes extra’ firsts, 39a43; do, firsts, 36ais] do, seconds and poorer, 27a34; New Jersey Hennery whites, looally selected, extras, 64a €6; nearby hennery whites, locally se- ledted, extras, 6laéi; state nearby and nearby western hennery wii nory beowne - cxiraa, | T 8, extras, coast, *extrass 51a6; do, Arsts B2% | o | Atrica LS. GOVERNMENT BONDS AGAIN WEAK G v vonx BON]DS ok mxcuives] Recelved by Private Wire (Bales are fn §1,000.) UNITED &TATES BONDS. High-Grade Rails and Foreign|E4 Issue Firm—Bonus Agi- tation Faotor. BY GEORGE T. HUGHES, 94 | SPecial Dispatch ta The Btar. NEW YORK, October 1.—Continued heavinéss in United States govern- 73 | ment bonds, which was again a fea- ture of today's bond market could have been ascribed to one of several reasons. It might be regarded as a reflection of’ the longeér range out- look for money rates. Another possible explanation was the renewed agitation for a soldier bonue. If such'a bonus {s granted by the new Congress and it becomes nec- ensary to provide the money by new government borfowings the effect on gutstanding libertys must be adverse. 1t was also suggested today, however, that thé weakness might be due to the expected new issue of federal land bank bonds which, report had it, would carry a 4% per cent coupon. High-Grade Rally Firm, The reaction in government bonds did not have much effect upom the h-grade rails and industrials. & general 4s were firm and General Electric ture was heavy selling early in the day of Missourl Pacific general 4s, which carried the issue down more the bonds_were selling at the sam price Erle general 4s. Today’ price s & new low record. Th decline probably was in response to general market condition. All the Baltimore and Ohlo issues were firm around-last week's high points. Forelgn lssues Dull. A large number of adjustment in- come bonds sold ex-interest today. These included the St. Louls and San Franclsco incomes, on which 6 points came off, and St. Louls and San Fran- cisco adjustments, on which 3 points came off. Both sold down today. even more than the interest payment. Others selling ex-interest included Hudson and income s, Third_Avenue 3s, Kansas and Texas adjustments and New Orleans, Texas and Mexico incomes. The forelgn {ssues made practically no response to the mors disturbing news from abroad. Changes were only fractional and trading dull Youngstown Sheet and Tube és added to their loss to the amount of 1 or 2 points. Some selling of Manhattan Elevated 4s down to a low for the year was in evidence. i {EXPORTS TO EUROPE OFF DURING AUGUST|? Decrease, However, Is Made Up by Increase to Other Parts of World. A slump of more than $18,000,000 fn American exports to Europe during August, as compared with August a year ago, is shown in sta- tistics made public today by the Commerce Department. The decrease i was more than made up by jcrease of exports to’ other parts of | the world. United States imports| jauring August showed little change | as compared with those of August,| 1922, For August exports totaled $311.- 352,288 and imports $275,381,999. De- tailed comparisons with August, 1922, follow: Exports—Grand divisions: Aug., 1923. Aug., 1922. .. $i%reaz00 Hisisers 99,424,054 85,564,658 24,430,764 18,799,547 30,957,280 14,954.724 4,822,266 Europe ... N. America.. 8. America. Asls .l...... Oceana SPARKS FROM TICKER. {87,075 Steel Stockholders—Good } Business Predicted. | NEW YORK. October York stock market has conditions as they are, In the op‘nlun of Arthur Reynolds, president of the lcago, the second largest national bank in the country. Mr. Revpolds 18 quoted as saylng that in this period of business expansion theré has mever been any question of the sufficiency of credit and that the fear of inflation has been rather the product of custom and precedent than of anything rea “It 15 this soundness,” he added, “th: makes me look to the future with confidence.” The number of common stockhold- ers of the United States Steel Cor- poration at the close of books for the September dividend was 97,075, an iincrease of 3,037 over the number at {the end of June. Toronto dispatches to local bankers forth that an _oversubscription of the recent 5 per cent foan 18 as- sured, subscriptions having exceeded $160.000, n Saturday night. Numerous southern bankers who at- tended the bankers' convention in At- lantic City last week spent the week end in New York. L. C. Humes of the Guaranty Bank and Trust Com- pany, Memphis. Tenn., stated that he had every confidence in business con- ditions in the south. *“The cotton crop is short,” he said, “but planters are recelving fair prices for the product. The Memphis territory Is in good shape.” Consumption of steel rails in 1922 amounted to approximately 1,921,315 tons, according to the American Iron and 'Steel Institute. This is about 88 per cent of total output of 2,171, 776 tons, the greatest percentage of consumption since 1914. SHIPS ARE USELESS. A total of llS u.rlo vessels of the g-onrnmcm leet have been conceded ‘ the Shipping Board to be unsuit- for American operation. Out of vessels port o! the board’s committee esti- mated repairs varying from $35.000| W' per ship to $100,000 per ship would necessary for 1,044 vessels, the re- mainder being classified as unsuitable for service, TODAY’S METAL PRICES. NEW YORK, October 1.—Copper, casler; electrolytic, spot and future: Bkaidy. Tin fe t and near- 2.37; futures, 4212 Iron, steady; No 1 morthern, 26.00; No. 3 nocthern, 5.00; No. 2 southern. 22. 00425.00. steady: epot, 6.85a7.10. Zinc, Gulat; Bast Bt Touls, spot ana noar: by, 6308635, " Antimony, spot, 7.66a kX — STEEL FIRM BUYS LAND. MARTINSBURG, ‘W. Va.,"October 1. —A deed recorded here, supplement- ing one filed earlier in Wheeling, whereby the company takes over the Labelle Irou Works there, shows the urchase of & ninety-nine-acre farm By “the Wheeling Steel " Corporation for a price nut named. The farm lies four miles north of the ecity in Opequon district and is underlaid with limestone. lld'l’"l spider in the world is ln ylon and “u ita nu'. measurs ing five to the chasm: triota the m-‘ #1x | westinghouse 7s. . Chinese Gov Ry b vx.lhl'm 6%e. . 8 5148 otfs Czechoslovekia 8s. 'OIIION. Tow. Closs. l lblfi 101% tol1% ustria 7 884 B8K lmi 100% 100% 8 908% 96 964 102 101% 101% 2 88 88 88 Bord. i% 94 7 99% 1 99% Cas 581952 CAI ) 102% Chile8s1941... Chile 75 1943. .. % Denmark 8: Denmark 6 Dutch EI5%4s... Dutch East I 6847, Il Dutch East I 65'62, 16 Framerican 7%s.. 4 French Govt 8 French Govt 74 }uly 63481925, Mexico 63 large Mexico ds. o, Montevideo i ' Netherlands Norwa, uana-m-uo:n!:g 3 Norway 6s 1952 Orlent Dev deb Paris-Ly’s-Mq Prague 7}4s. anBarantl wanle - =% Ud Steam Copen 6 80 89 Uruguay 8s....... 4 101% 101% MISCELLANEOUS. 7 99 98% 904 AmT& Tecltr s Anaconda cv db 7 Anaconda 1st 6s.. . 3 SBucanan Bush T Bldg b5 60. Central Leather 5s Chile Copper 6s. ... 1 Commonwth P 6s.. Con Coal Md 1st 5s, Cuba Cane cvd 8s. { Cuba Cane cv 78 ‘30 | Det Eatson ret 6s | Diamond Mth 73 Donner Stée! | Du Pont de N | Duquesne Light 6 Est Cuba Sug 7% Empire G&F T}s Fisk Rubber 8 Gen Elec deb 86% | 61 83% | 87% | 102% losva 9% » i 104 'Saem-am.uuwu..»-»gu-—-.uu { Int Paper 1st s B. {KCP&LtbsA’s2 Kayser (J) 7= Kelly-Spring {Lackawa s os 'i_uuQa-e—.-.-q 16 Marland Oil T%s. Marland Ol 8 Mexican Petrol 8 Mich St Tel 1at bs Midvale Steel bs. Montana Power bs. Morris&Co 15t 438 New Eng Tel bs. .. N Y Edsn 1st §%4s. NYG EL H&P b NYG EL H&P 4 N Y Tel 6s'¢1 N Y Tel 65’49 NY Tel 44%s. N Am Edison Nor States Pow Nor States Pow 6s.. Northwst B Tel 7s. Otis Bteel 8s....... Pacific Gas & El bs. PacificT & T bs ‘52 Pan-Am Pete 7s... PhilaCorefésA.. Phila Co5%s '3 Public Service 20 s e e €360 Ot b G I ORI B D B 85 1 3 Swar crem Sharon 5t1 H 8s. Sinclalr Oil 7s. Sinclalr O1l 6%s. Sin Crude Ofl 53 Stn Crude Ofl 6s. Sin Pipe Line &s. 8o Por Rico Sug 7s. Bml & Tube 7s. ‘Tenn Elec Pow Tide Wat Oll 6% Tobacco Prod sf 7: Va-Car Chem Ts. Va-Car Ch THhs w. Warner Sugar 7s. West Unfon 6% .O‘uoaammu-emeamzmqq——bsq ‘Winchester A 7%s. 7 103 Youngstn S & T 65.220 94% 9!|( DRUG STORE GOODS UP. SEATTLE, October 1 (Speclal). expected decline in the general list of drug store goods has not mate- rlalized, whilo the average turnover from May 1 shows an (ncrease of 18 per cent. Prices of the general 1ist of goods are steady to strong with an advancing tendency in razors, thermos bottles and clocks, accerd- ing to the manager of the larger re- unfi chain store companies. ————— BAR SILVER RATES. LONDON, Qctober 1—Bar_silver, 331-16d_per ounce. ney, 2% pe cent. Discount rates: Short bills, 215-16a3 per ‘cent; three months' Ibills, 31-16a313 per cent. NEW YORK, October 1. 643 Mexican’ dollars, 43% GOUAGE AT U. 8. MINT. IALDE! October 1.—Coln- age by the Plllml bl‘, mint during September coni -u the follow- ing nl-lmber ol Standard sl S M A 5 mu across | 2,84.000; totai, 15.4 ou. Baving ae: value of $3,161.430. Demand ‘minor ooine is hfir. Bar silver, pennies, uu—um 1.~ {lean, Direct to The Star Office. MIL.MDG Bales. High. Atchison gen 4s... 16 Atchison :d’ de.... 4 Atlantic C L, 1st 48, AtlanticCLcl 4s. . B&O PLEAWYV (5. B& OBW div s, BKIRT 78’8l ct Buff R&PItt 43 > ® EETE=ETTIN-1PS Chi B&Q gn 4s'58. l] Chi & E Il gn bs. Chi Great West 4s. “ ChiGrWest 4s (n). 12 ChiIM&StPrf4%e 6 ChiM&StPcvss.. 6 Chi M&St P 45°25., 7 ChiUnSta 4% Chi& W Ind cn Del & Hd 15t rf 4s. Del & Hudson 5%s. Gr Trunk sf db ‘l Gr North gen 7s. GrNorth gen 5%s. 27 Havana ERL&P 68 1 Hud & Man ref bs 4 Hud & Man aj 5s 1il Central ref 4s. Int Rap TranSs... 6 Int Rap Tr s stpd. IS Int Rap Tran 6: Int Rap Tran 7 Int & G Nor aj Int & G Nor 1st 6 Towa Cent rf 45 Towa Cent 15t 5 Kansas City S Lake Shore 4s 2! Lehigh Valley 6s. . Louls & N uni 4s. Louls & Nash 7s. Louls & N bs 2003 Manhat Ry cn 4 - TSI T 78 PYNSIEER ST MStP & S8M 633s.. MK&TprinbsA. 2 MK&T4sB.... Swe 3o Pacific 6s. Mo Pacific gn 4s. . Montrl Tm 1st 3. . N Y Cent deb 6 N ¥ Cent deb 4 NYCentriss New Havend 43 67. New Haven Ts. New Haven 7s fr. New York Ry aj 55, Norfolk & W cn 4s. Norfolk & W cv 68 Northern Pac 38 | Northern Pac 4s. Northn Pacr1 6 “ne A oReERS8aRE O Short L cn 55 °46. Ore-Wash lst rf 4 ] Pennsy! gen 5 Pennsyl gen 44 | Pennsyl 63%s. | Pennmgold 8 Rapid Tran 6s StL&SF prin 6s, StL&SFincés hs StL &S Fadj és. SL&BEpbeC, 1 St LS W con 4532, 15 StLSW lstds.... ou Pacific ref 4s u Pacific clt 4s. . Southern Ry 633, . Third Averef 4s... Third Ave adj Tol St L& Wds... Unlon Pac 1st 4s.. Union Pae 1st rf 4s. Union Paccv 4s.... 20 Union Paccv 6s.... Virginia Ry 1st oa.. Va Ry & P 1st 55. Wabash 2d 58. ... Western Md tern Pacific 206 wan Shore 1st 4s. TOTAL SALES (Par Value): 11a.m.. 4899000 12 noon. 6987000 1p.m.. 7694000 2p.m.. 9194000 st e ROOSEVELT BIRTHPLACE RESTORED FOR PUBLIC 0ld Home in New York City Will Be Made Shrine of Americanism. By the Associated Press. NEW YORK, October 1.—Work of moving fufnishings and heirlooms be- longing to the late President Theo- dore Roosevelt into the house in {which he was born will begin today and by October 27, the anniversary of his birth, the building will be ded- jeated by the Woman's Roosevelt {Memorial Association as a memorial and “Museum of Americanism.” The buflding will be open to the public. The woman's association has re stored the house, which stands at 28 East 20th street, and made it as near @ duplicate of its former form as pos- sible. It has been reconstructed so as to bs fireproof and space has been added for libraries, a museum, meet- ing rooms and a motion picture the- ater, where films deplcting the life of the former President will be shown. WEEK'S IMPORTS HEAVY. BALTIMORE, October 1.—Balti- Imore’s last import week produced some important totals. . Crude oil reaching port amounted 'to 490000 Other weekly totals were: Jron ore, 19,500 tons; manganese ore, 19,002 tons; pyrites ore, 3,186 tons; wood pulp, 25,144 bales: molasses, 1,200,000 gallons; bananas, bunches; cocoanuts, 1,000 bags. miscellaneous cargo from Genoa in- cluded 500 barrels of cherries in brine and 489 bags of black pepper. $2,000,000 FOR CREDIT. N, Tex., October 1.—The In. mfi&?}'&? Credit Bank of Houston will advance up to $2,000,000 to the |U. Toxas Farm Bureau Cotton Associa- tion for the orderly marketing . of cotton during .the Dpresent season. The cotton of members of the assoc- {ation will be concentrated here. Be- tween 175,000 and 200,000 bales prob- ably will be pooled by the association. g »cu.t.-xon! RATES. NEW. YORIQ Ov:lobdr 1.—Call money er; high, ;_rul NS, ast collate _sixty to ninety days, 5-4, tnr to months; 5% ; prime com. % | bushel, o t- | vakla—Demand, 3 time loans, firm; mixed | Demand, Gram, Produce and Live Stock LOCAL WHOLESALE MARKET. Egga—Strictly fresh, selected, can- dled, per dozen, 42 erage receipts, 38; storage, 32a33. | Live poultry—Roosters, per Ib., 18; turkeys, per Ib., 32; spring chickens, per 1b., 25a28; Keats, young, each, 504 70; fowls, each, per 1b., 24a26. Dressed poultry — Fresh killed spring chickens, per Ib., 32a36; roost- ers, per 1b., 30a35; hens, per 1b., 3 turkeys, per Ib., 40242; keats, young, each, 75a80. Live stock—Calves, choice, per 1b., 11%a12; medium, per ib. 10a11; thi per Ib. 6a7. Lambs, spring, per 1 14. Live pigs, 3.00a5.00 each; live ho per 1b, 9%. Green frults—Apples, new, per bas- ket, 060a2.80. California oranges. per crate, 5.00a6.50; Florida, 3.006.00. Lemons, per box, 6.00a7.50. Grape- frult, 4.00a6.00. Peaches, per basket, 1.2522.50; half bushel basket, 76a 1 Grapes, Concord, twenty-pound basket, 1.00; Niagara, 1.76a2.25; Colo- £ado Lopes, standards, 1.00a2.00; flats, 0a75. Vegetables—Potatoes, per bbl. No. No. 2, 2.00a2.50; New , round, per bag, 2.50a glant potatoes, per a new sweet potatoes, 3.50a4.00 per bbl. New York lettuce, per crate, 76al.50. Cabbage, north- ern, 2.26a2.50 per 100 1bs.: nearby, 1.00a1.50 per bbl. Eggplant, per crate, 76a1.00. Tomatoes, half bushel basket, nearby, 26a50. ‘Beans, 2.00a 3.50 per bbl. New York celery, per crate, 5.00a6.00. Squash, 76a1.50. Pep- pers, per crate, nearby, 40a50. Kale, per bbl, 76al.00. Spinach, per crate, 5021.00. Home-grown lima beans, per quart, 20a25. New York cucumbers, per bushel, 2.00a3.00. Sugar corn, per dozen, 10a25. GRAIN AND PROVISIONS. BALTIMORE, Md., October 1 (Spe- cial)—Potatoes. white. barrel. 125a 7522.50; 150 pounds, Jersey potatos 3.71 el, 50a1.25; lima beans, bushel, 75a 1.26. Brocali, bushel, 16a25. Cabbage, hundred, 4 0028.00. Carrots, 100, 2.00a 4.00. Cauiifiower, hamper, 2.50a3.50. Celery, dozen, 30a80. Corn, dozen, 10a 25. Cucumbers, basket, 30a80. Egg- plants, basket, 30a40. Lettuce, bush 1.00a1.25. 160 pounds, DD ket, 30850 100, 5.00a12.00. Squash, basket, 15a30. Spinach, bush- el, 60a75. Tomatoes, basket. 45a80. Packing stock, bushel, 75al.00. Tur- nips, basket, 35a40. Apples, barrel, 1.50a2.50; bushel, 50 al.25; basket, 20a40. Cantaloupe, crate, 76a2.25. Crabapples, basket, 60a. Grapes, basket. Dam- bushel, Peaches, 1.00a2.25; 501.00. Pears, bushel, £.0023.50; basket, 20a40. Settling Prices on Grain. No. 2 red winter. spot, . 2 red winter, garlicky, %; No. 3 red winter, gar- l|v‘k), spot, 1.003%: No. 4 red winter, garlicky, spot, 96%. Sales—None. Corn—Cob, new, 5.10 per barrel; N 2 corn, spot, ‘no quotations; track corn. yellow 2 or better, 1.07%. sons, No. 2 2 white, new, 51%; No. 3 . new, 4915 Nearby, 75a85 per bushel; No. 2 rye, spot, 80 per bushel. Hay—Receipts, 105 tons. There is fair demand and is centered entirely on the better grades of timothy and light mixed hay at 23.00 to 27.08 per ton. The Pennsylvania raflroad em- bargo on shipments to Baltimore is still on. Demand for the better grades of timothy and light mixed hay pre- vails at a range of 23.00 to 27.00 per ton, with general receipts lighter. due to the embargo in force on the Pennsylvania lines. Poor grades of hay are low sale and of irregular 1 tangled rye. 15.00a : No. 1 wheat, 12.50a13.00; No. 1 oar i3.09a14.00, TODAY'S CHICAGO PRICES. . October 1. — Despite Wosknsas Gtitus anthet. wheat mon scored a moderate advance in price today. Initial declines were ascribed to a downturn in Liverpool quotations and to disturbed conditions in Ger- many. Notable strength which de- veloped in the corn market, however, brought about a quick advance in wheat. After opening unchanged to % lower, December, 1 and May, 1.09 to 1.09 went a general setback and then rose well above Saturday's finish. Persistent buying of corn and oats accompanled reports of continued wet ‘weather west. Corn, which opened 3 to 8 off, December, 71% to 71%. began immediately to ascend, and made sudden gains to above 1 cent.!| Oats started % to % lower, Decem. 42 to 42%; later the marke showed an advance, rovisions were 822} - a3y FFR B 13 EH January DAIRY PRODUOCTS. BALTIMORE, October 1 (Special).—! Poultry—Live spring chickens, 22a26 Leghorns, 20a23; old hens, 18al6; Leg. horns, 18a20; old roosters, 15. Ducks,; 17028 Plgeans, palr, 20a25. Guinea | fowl, each, 406 Eggs, loss off—Native and nearby firsts, dozen, outhern, 36. Butter—Creamery, good to fancy, pound, 44a47; prints, 47a4s; creamery, 37a42; ladles, 34a37; rolls, 31a33; store packed, 30a3l; dairy prints, 31a33; process butter, 38a39. ! "CHICAGO LIVE STOCK MARKET. CHICAGO, October 1 (United States Department of Agriculture).—Hogs— Recaipts, 42,000 head; desirable grades mostly steady to 10 cents higher; sthers slow: big packers bidding around 15 cents lower; bulk good and choice, 180 to 325 pound averages, £.00a8.40: top, 8.45; desirable 140 to 160 pound average 7.90; pack- ing sows, largely better grades weighty killing pi Cattle—Receipts, 26,000 ter grades fed steers 10 to 15 cents higher; lings early, 11 numerous loads fed steers, 8.50a10.50: packers taking best vealers at 11.50a11.75; bologna buils, .50; bulk stockers and feeders, 5.75a7.0¢ Sheep—Receipts, 48,000 head; fat lambs fairly active; 25 cents lower; bulk fat natives around 12.50; little doing on sheep and feeders. —_— FOREIGN EXCHANGE. October 1 1923 (Quotations furnished by W. B. Hibbs & co.)‘ London, Montreal, Paris, 00000351 Copenhagen, Christignia, crown. Stockhdim, crown. By the Associated Press. NEW YORK, October l1.—Foreign exchanges today easy. Quotations (in 8. dollars): mand, 4.53%; cables, 4.54; sixty-day bills on banks, 4.51. France—Demand, .0699%; cabales, .0600. Ttaly—De- mand, .0453: cables, .0453%. Bel- glum—Demand, .0509%; cables, .0510. Germany—Demand, .0000000038; ca- bles, .0000900038. Holland—Demand, 392 Norway-—De- .1783. _ Spain—De- Greece—Démand, .0163. .000003. Czechoslo- .0300. Jugoslavia— L0114, ~ Austrla—Demand, Rumania—Demand, .0046%. mand, .23350. Brazil— Montreal, .97 mand, .1348. Poland—Demand, .000014. Argentina—] “{Demand, 15-16. firm in line with nearby | Great Britain—De-. CAPITAL TRACTION EARNINGS SLUMP Fewer Passengers Carried in August Than in 1922—Local Stocks Strong—Notes. A decrease of 5.6 per cent in reve- nue passéngers carried during the month caused a 10ss of approximately $12,000 in earnings of the Capital Traction Company during August. 1923, as compared with last year, a statement of condition filed with the Public Utilities Commission this morning showed. Net income for the period totaled $56,391, in contrast with 368,522 for August of last year and with $49.- 272 for the previous month of Ju this year. Rallway operating revenues amount- od to $346,647, with expenses aggre- gating $264,470, while taxes assign- able to railway operations totaled 3$28.561. Deductions were made as follows: For interest on funded debt $23.358; interest on unfunded debt $2,089; miscellaneous debits, $300, and rent for leased road, $25.50. Revenue passengers carried during the month numbered 5,1 crease of 308,635 from the number carrled the corresponding month of last year. Loeal Stocks Stronger. ‘Well varied trade at stronger prices featured on the Washington Stock Exchange this morning. Washington ’f‘n! Light was conspicuous, recover ing to 50 on sales of thirteen shares While Capital Traction stock, which has been easier during the past week recovered to par. {00 the bond side of the market. { City and Suburban 5s brought 80, ané Potomac Electric general and refund- ing 6a of 1953 rold at 102. "Pepeo Con solidated 55 sold at 97. Assumes New Bank Duties, Alfred H. Lawson today assume: his new duties as real estate off of the Washington Loan and Trust Company, succeeding to the position made vacant by the recent death o Thomas Rradley. Mr. Lawson does: not become a vice president of the in stitution, as was Mr. Bradley. Mr. Lawson is well versed in his? new duties. Since 1909 he has bee secretary of the District Lawyers and Washington Title companies. He i3 a graduate of Georgetown University, and holds membership in the City Lions and Congressional Country clubs. American Telephone and Telegraph Earnings. The earnings statement for the nine months ending September 30 of th American Telephone and Telegraph Company will be made public around October 15. It is expected to show continued satisfactory growth In revenues. For the first half year an esti mated surplus was shown of $40,579.- 417 after charges and taxes, equiv- alent to $5.72 a share carned on $708,275,300 average amount of cap- ital “stock outstanding. This_ com- pared with $32,364,133, or $5.76 a share on $562,259.400 stock in the first six months of 1922, There are 273,000 stockholders of record today. an increase of 3.000 in the last month, and compuring wit 19 recc partial stockholders {bought stock on a pay the i American _Telephon Elblt graph i convertiblo 41 vertible 41 and pay at date, Telegraph March 1. 19 years from have been converted, $6,447.800 now . outstanding compared with $7,191,800 outstanding December 31, last. . Of the American Telephone and Telegraph seven year 6 per cent convertible gold bonds, dated August 1, 1918, and payable seven years from that date, $37.613,900 have been con- verted, leaving $10,753,300 outstand- ing, compared with $14,070,500 out- standing December 31, last. There is no new financing for {either the American Telephone or Telegraph Com or its subsid- fartes contemplated during the re- mainder of the y ersonal Mention. Larner, pres of th i“'h,\lli Loan and Trust Com pany, returned to his institution t morning after ten days spen hig sicle daughter at Milintow assistant cashier of Savings Bank, is again at his desk after two weeks &t At- lantic City. MARKS 25CENTS IR 1A {Lowest Price Ever Recorded { Due to Cable Reports of John i 5 i i Political Disturbance. i NEW YORK, October l.—German marks today dropped 18 points to 29 cents a hundred million, the lowest price ever recorded, in direct reflex of the week end cable reports of political disturbances*in Germany. About three weeks ago nan marks sold as low as 32 cents a hundred million, but upgn the acces- sion of the Stresemann ministry and the abandonment of passive resist- ance in the Ruhr the rate rallied to 98 cents a hundred million. The sub- '!equeni decline was based on reports jof internal troubles and enormous increases in note circulation. Other European exchanges also lost ground. Demand sterling dropped 3% of a cent to $4.541-16, French francs dropped 9% points to 6.05 cents and Belgian francs eased 2% points to 5.20 cents. PARIS MARKET FIRM. PARIS, October 1.—Prices were steady on the bourse today. Three per cent rentes, 56 francs 85 centimes Exchange on London, francs 40 centimes. Five per cent loan, T4 francs 90 centimes. The dollar was quoted at 16 francs 37 centimes WOOL PRICES LOWER. BOSTON, October 1.—Relativi lower wool prices in this country started a fair sized export movement directed mainly toward Europe. It is estimated that upward of two mil- lion pounds has been shipped in the past two or three weeks. Sentiment in the trade is better, despite {nactiv- ity in the men's goods market and mills.are buying on a moderate scale for replacement of stocks. TREASURY CERTIFICATES. (Quotations furnisied by Redmond & Co.) Noop.— - ; 203159 100152 December 13, 2 2 “I)Int:‘ 15, 192 90 3132 100 133 100 1004