Evening Star Newspaper, October 2, 1923, Page 30

¢ cuiet market. ) o e RAILROAD SHARE CIVEN ATTENTION ‘New Highs Made by Southern and B. & 0.—0il Groun Shows More Strength. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, October 2.—The prin- cipal Teature in the rket today wa, increasing degree of interest taken in ad shares! Baltimore «nd Ohio-made a new high, crossing It had taken nearly a week for the market to absorb the stock that was bought' ‘n the 40s and lower 50s, sntielpating the dividend action. But once this absorption was complete the upward tendency was resumed. As a per cent dividend payer, earning fully two and half times this amount, Baltimore and Ohio is not high, selling where it did today on an 3% per cent b Much Switching Noted. There were rencwed indications of switching Into Baltimore and Ohio irom Northern Pacific and Great Northern preferred, which are pay no higher dividends and whose arnings position and outlook does not compare with that of the Balti- more and Ohic the 55%. the m dividend, more activity In A and in the these stocks working higher. xx Pressure on Motors. industrial section efforts to lividual stocks like the ot entirely abando! conducted more cal railied 1 in the day afte dipped below 0. Probably the exp tion for the lutest selling is that it was liquida- ion of the “leftover” sort, that is liquidation which could not be easi put through until the gene nad steadied. The same r parently applied to the in Nutional meling. what was uncompleted ag ) low later ) rns Br s A up six eek’s low, proved hing in' the n but the It of forced sell- opti- month, u ash preferred [ In the depress notors but the iously. Allied 1ing, but broke points from that there h of dividend decline was the re ing Vil Group Stronge The better tone was still maintained fn the oil group, but without the same activity lute last week, 2 new low of $1 a *h an 3 the vided reorgant tha of the pre stock subse the bonds new company, each thirty s calling for a subscription of $100 of new bonds and receiving six shares of new common stock. If not acted upon favorably. it was pointed out, holders of ban ns and of the pry tgage 6 per cent bonds enforee their nd wipe common stoc pletely. Again Leader. of would out the Southern Railwa Southern Railway ader again in the railw large t. ed upon within n tion, ctions. ntima- tions Xt iwo wee above the in the matter of eq; It has not been forcedd to spend as much on \his account as the of other roads, and henc able to rave a larger proportion of its gross ins to ne For the first eight months net ngs ran about 55 cent ahead of the Wabash Stoel With more attent! ng pald to the rails, Wabash preferred A became more active, some fairly large blocks changing hands around 50. Accowd- ing to latest c lations, Wabash <hould earn this year something lik: 1 per cent on the A stock. This con stitutes a reasonable ground for hope of a dividend Announcement that th Corporation, in which Davison Chem ical has a 49 per cent interest, has completed its deal with the Mexican Petroleum may come at any time It is quite possible that this is the miotivg behind the present advance in Davison stock. RBut, on the other itand, new upward . movement well be a pure specu- wing that the bulk of ding stock is in the hands of rsons who do not sell, whatever happens, It is a simpe matter ior any outside speculative group fo get « control over the floating suppiv nd mark the stock up easily. MARKET CLOSES FIRM. More Active. Silica Jel By the Associated Press. YORK. October of selling pres and forced liquidation brought about moderate upturn in prices in toda eral of the dividend- raiis wdre in good demand, a point or so. and a brisk 0 was registered by some of the recently weak industrials. Sale wpproximated, 600,000 sh The closing was firm. Several of the specialties continued their ad- vance in the la Aealings, Iron Products climbing 5 poiuts, but some of the so-called pivotal stocks eased lightly. —Virtual re a vaying rising rally al Market Flashes at Today’s Close The government crop condition re- rt, indicating a total vield of 11.- 5,000 bales, was a surprise, ate reports had led the cotton trade to look for a-crop of about 10,- 500,000 bales. From a state of pro- ur nounced strength, the market instant- | Iy changed to one of great weakness. ihe maximum decline being equiva- lent to approximately $100,000,000. With th tlook for 11,- 400,000 bales op cotton und it surplus of 00.000 left over Trom last total supply of world . during ~ the The pig iron m what weaker today, at $24 to $26 a ton for second undry In the eastern market. Prices * in _ Birmingham _were also casler at $21.50, while in the Buf- falo district the guotation was §$23.50a24 a ton. The Standard Ofl Company of New Jersey has reduced Bunker fuel oil 15 cents a barrel to $1.45. Th some- with quotations railroads on September 15 had locomotives in need of repair. This represented an increase of 275 locomotives over September 1. *ew York bank clearings, $1,064,- 990,000 New York bank balances, £83,000.000. New York KFederal Re- serve Bank credits, $66,000,000 Bos- 1on bank clearings, $67,000,000. Kelly Springfield declared regular auarterly 2 per cent dividend on & ner cent preferred stock. Hupp_Motor eclared regular quar- terly 232 per cent common dividend. Atchison declared regular quarter- 1v 1% per cent common dividend, pay- #ble December 1, record 9f October 26. Howard Elliott of Northern Pacific ilroad Company conferred with the ident today on railroad rates in zcneral. He said after the conference 1lat there should be higher rather than lower railroad rates. this | d, | common was the | as many | i i i Alaska Juneau "AllLAm Cable Allfed Chem. ... Allis Chalmers.. Am Agr Chem, . Am Ag Chm pt {Am Bank Note. . ; Am Eeet Sugar. | Am Brake Shoe. Am Can.. Am Chain (A).. Am Cottun OMl. . Am Cot Ol pf. | Am Druggist {Am H & f.ea pf. [ Am Internat1 | Am La France.. | Am Locomott Am Metals. Am Radiator Am Safe Razor. | Am Smelting. { Am Smelt pi | Am Steel Fdy | Am Sugar.. {Am Sumatra. | Am Tel & Te! Am Tobaceo. ... 1 Am Tobac (B) . | Am Tob pt (n | Am Water Wks Am Woolen. ... | Am Woolen pf.. { Am Writ Pr of. | Am Zmc&Ld pf. ! Anaconda. ... { Arnold Constab. | Asso D Goods. i Asso D G 1st pf. | Associated Oil. | Atehion | Atchiann ! Atian Bir & Atl. | Atlan Cst Line. . | Atlantic Fruit.. | Atl Fruit ctfs Atlantic Gult { Atlas Tack. ... Austin Nichols. {Baldwin Loco. Balto & Ohlo. . Falto & Ohlo pf Bayuk Bro 1st p! | Reth Steel. ... Reth St1 7% (n) . Br Em Stl 2d pf. Rklvn Rdison. Bklyn Rap T fp.. Burns Bros (A) .| Burns Bros (B). Butte Copper Caddo Oil...... Calif Petrol. . Calif Petrol pt.. Callahan Zine Calumet & H(n) Canadian Pac. . | Central Leatn | Cent Leath of . Century Rib Mil Cerro de Pasco. | chandler Mot. . | Chesap & Ohio Ches & Opfwi. Chi & Aiton.. Chi & Alton pf. Chi & Fast Ill. Chi Ml & St P.. Chi Mil &St P pt Chi & Northwa. ChiR] & Pac.. Chi R1&P§% pf. ChiR I&P 7% pf Chi Pnea Tool.. Chile Copper. - Chino Conper CCC&StL.... Cluett Peabody- Coca-Cola. .. . Colo Fuel Colo & South Columbla Gas. Columbia Graphk Col Graph pf. Columbn Car’ Cons Gas of NY. Cons Textil Cont Can. Cont Insurance. | Continental Mot Corn Product: Cosden & Co. | Crucible Steel. . | Cuban-Am Sug. { Cub Am Sng pf. { Cuba Cane Sug. ! Cuba Cane S pf. { Cuban Dom’can. i Davidson Chem. | D Lack & West. | Detroit Edison.. | Dome Mines. . Douglas Corpn. Dupont (EI) | Elec Stor Bat | Erte. | Erie 18t pf. Erie 2d pt | Famous Plavers i Famous Play pf. | Fd Mines&S pf | Fifith Ave Bus. | Fisher Body. ! Fisk Rubber. | Fleishman. reeport Texa: {Gen Am Tk Car. { Gen Asphalt. 1 Gen Asphait Gon Baking . | Gen Electric. . i Gen Motors | Gimbel Bres. | Gimbe) Bros pf. | Goodrich. ; Goodrich p! Goodyear pf. i Gt Northern pt { Great Nor Ore. . { Greene-Canan. § Gulf M & Nor pf. | Gulr St Steel. i Hartman Corp i Hartwan right { Hayes Wheel Hendee Mfg. | Househ'd Pro | Houston Ofl.... Open. T 954 60% 40 12% 36 86% 84% T0% 90% 107 154 21% 6% 19% 6 38% 16% 1% 69% 434 82 5% 57 96% 34 61% 20% . 122% 149% 146 102% 37 TN 100% 8 26% 88% 17 8% 85 100% | Beachnut Pack. | Hudson Motorsy { Hupp Motors. { Hyaraulic Sti. | Illinots Central. {Ina o1l & Gas Indlahoma. i Inland Steel In Ag Chemical. InAg Cheni pf.. in Combust I3. int Harvester. Int M Marine pf. Int Nickel inul Paper. Invincible Oil. Iron Product: iron Prod ctfs. 1sland Oil { Jones Tea | Kansas & Gulf.. | Kansas City 8. { Kansas C So pt. Kayser (Julius) Kelly-Spr Tire Kelsey Wheel. Lig &Myers. Lima Locomo. Loews Inc. Loose-Wiles. Mclntyre Por. Mack Trucks. Mallinson & Co. Manhat Shirt... Market St prior: Marland OIl.... Martin-Parry... -u'x':p“sw) May Dp Stores. Mex Seaboard. . Mex Seabd otfs. Miami Copper.. { Middie St Ol Midvale Steel. Minn & St L (0. Mo Kan & Tex 1 Mo K & Tex pf. Mo Pacific. ... Mo Pacific pf Montg'y Ward Moon Motors. Mother Lod! Nat Biscuit Natl Dept Stores Natl Enamel. Natl Lead., i 1% 104% 5 E 1% 5% 20% 4% 22 12 31 9% 36 39 % 34 % 17% 51% 36% 24 42% 65% 25 26% 10% k4 9% 9% 24 5 46% 38 47 High. T 95% 624% 40% 12% 35 86% 84% 0% 9l 107 164 21% 6% 19% & 38% 16% 11% 69% 43% 82 5% 5% 96 84% 624 20% 122% 149% 146 102% 87 75 1001 3 26 39% 17% 8% 85 100% 9% 87% U 110% 1 46% 39 47 Low. 104 16% 16% 74 30% 42% 651 24% 26% 10% ki % 9% 24 4% 26% 1% 11% 30 10% 27 21 28% 8% 46% 38 45 Close. W 95% 624 40% | 12% 36 861 8418 704 90% 107 153% 21% 64 18% ¢ 38% 16% 1% 69% 43 814 4 33% 163 80% 51% 22% 104% 5 21 36% 1% 6 20% 4% 21% 124 38% bl 16% 50% 16% 4% 81% 42% 65% 24% 26% 10% kil " 9% 24 5% 26% 1% 12% 30% 10% 28 23 28% 8% 46% 39 47 : | Tex Gulf Sulph. Open. High, 37 3Th 89% 100% 7% T 11% «11% 101% 101% 20% 21 56% B5% B0 2% 2% 1% 1% 1% 1T% ™ T q: W 37% 88 1256 12% 91% 911 56% 56% 54% 10 2% 20 91% 415 71% 2% 1% 25 28 7% 18% [N AirBrake | N ¥ Central. INYC&StL (n). NYNH&Hartfd. j Nort & Western } North Amer. [ North Pacific. { Nunnally Co. ... Ohio Bdy & Blw. Oklahoma Prod. Orpheum Circult Otis Steel Pacific Coast Pacific Ofl. Packard Motor. Packard Mot pf. Pan-Am Pe ) Parrish & Bing. Pennsylvania... Penn Seabd Stl. People's Gas. ... Pere Marquette. Pere Mrq pr pf. . Philadelphia Co Philip Morr Phillips Pete. Phoenix Hosiery Plerce-Arrow ... Plerce-Ar pt. Plerce Ofl Pltts Stgel pf. Pitts & W Va. Pressed Stl Car. Pressed St C pf. Postum Cereal. . Produc & Ref... Pub Service. Pullman Co. unta Alegr: ure Ol Railway Stl Sp. Raptd Tran Sec. Rap Tran Sec pt Ray Con Copper Reading. ... Reading 1st pf.. Reading 2d pf. Remington. Replogle Steel.. Rep Ir & Steel Rep Ir & Stl pf.. Rey Tob pf B... Rey Tobac (B). Royal Dutch.... Rutland Ry pf 3t Joseph Lead. St L & San Fran St L&San Fr pf. St L Southwn... Savage Arms. Schulte Stores. Seabd A L pt Seare Roebuc! Shell Unlon. Simms Petrol. Simmons. i Stnclatr Ol Skelly Oll. Floss-Shetfield So Porto Sugar. South Pacific. .. Southern Rwy. . Southern Ry p! St Otl of Callf... Stand Ofl of N J. StOll of N J pf.. Stewart-Warner Studebaker. Submarine Bt. Sweets Co of A.. Tenn Copper. Texas Company 11 K 53 b52% 36% 105 43% 84% 16% 7% 48% 24 19% 18 43% 27% 30% 9215 10 1% 16% T4 23% 18% 18 4% B6% 36% 68% 6214 83% 116% 8% 95% 8% 2 9 40% 57% 8%y 201 1012 36% 56 864 8% 4 128% 107 5% 34 53 981, Tex& PC&Oll. Texas & Pacific. Tide Water Oil.. | Timken Bearing { Tobacco Prod. .. Tobacco Prod A. Trans Cont Ofl.. Unton Pacific. Un Tank Cr pf. Utd Retail Strs. U S Cast I Pipe. U S Indus Alco.. US Realty. U S Rubber. U S Smelt&Ref. US Smelt & R pf Vanadium Corp. Wabash........ Wabash pf (A). Web & Heilbrn. Wells-Fr Exp West Penn pf. Western Md. | Western Md. West Pacific. ... Western Unlon. Westhse BI&M. Wheeling&L E. Wheel & LE pf.. White Eag OLl.. White Motor.... White Oil. Wickwire...... Willys-Overld. . Willys-Overl pf. 581 Woolworth. ... 252 Worthington... 25% Wright Aero. 10 30% 137 40 85 914 16 105% 58 2 12 22 48 6% 6% 59 251% 23% 10 59% 252 238 10 High. Cali Money. ... 5% 6 HOURLY SALES OF STOCKS. 11 a.m. 182100 12m. «e 279500 1p.m 379800 2pam 446700 HEADS CLEARING HOUSE. {James S. Alexander Elected Today by Association. NEW YORK. October 2.—James §. Alexander, chairman of the board of the National Bank of Commerce, was elected president of the New. York Clearing House Association today. . Last, 5 }dent of the Corn Exchange Bank. Manager William J. Gllpin reported that in the seventy years of the asso- clation’ istence ‘more than 4,000 Dillions of dollars in checks have been exchangéd, and over 270 billions in balances settled. Exchanges cleared during the year ending September 30, 1923, totaled -$214,621,430,806, and balaices $23,281,765,357, as compared | with, $218.326,38 and $21,032, {674,951 the previous year. ! TREASURY CERTIFICATES. | (Quotations furnished by Redmond & Co.) t ——Noon.—— 1ia Offer. 99 15-16 100 1-33 99 1516 100 182 100 100/ 45 December 15. 1923 41is March 15, 182 }1ds March 15, 1924 {53 June 15, { 53s September 15, 4% March 15, 1925 4125 June 15, 192 485 December 13, 16: 430y March 15, 1926, 41{s September 13, 455 March_15, 1927 414s December 13, 192 SUGAR FIRM VOTES EXTRA. { NEW YORK, October 2.—The Fa- Jardo Sugar Company’ today declared ap extra dividend of $2.50 and a regular quarterly dividend of $2.50, TODAY’S DRY GOODS TRADING. NEW YORK, October 2 (Special).— Cotton goods markets were quiet to- day in anticipation of the govern- ment _cotton report. Mills continued to adhere to their price scales despite persistent offerings.of small lots by second hands at sharply shaded fig- ures. Print_cloths, . 64 ~by 60, were quoted by mills at 10%, and 68 by 72 at 12 cents. Second hands were quot- ing as low as 9% and 11%, respec- tively. The raw silk market was firm at . yesterday's higher prices, but little activity was noted. APPLE MARKETS DULL. - NEW YORK, October 2 (8pecial).— ‘The apple market continued dull and Weak today and large quantities of fruit pemained unsold since Monday. The bulk of the stock was of poor to ordinary quality, which dealers wero experiencing great difficulty in sell- ing, even ‘at extremely low. prices, The receipts Yesterday” totaled ap- proximatels” 1756 carloads. “A" grade 2%-inch fruit rm%cd as follows per barrel: Alexander Wolf River, wealthy and King, 4.00a5.50; greenings, 5.00 6.50; Mclntosh,. 6.50a7.09, 40% | 145 | He. succeeded Walter E. Frew, presi- | PRESSURE LIGHTER ONLIBERTY BONDS B. & 0. and’Seaboard Issues Also Firmer—Foreign Ob- ligations Quiet. BY GEORGE T. HUGHES. Specinl Dispatch to The Star. NEW YORK, October 2—The bond market presented a firm tone today and sentiment among traders wa much improved. Not only Were bids more nwmerous, but there was & withdrawal of offerings witk’harden- ing of prices throughout the list. Even the United States government loans,_showed signs of resistance to the selling so noticeable for_ the last two business days. Dealers said that any large crders coming into the market would result in a substantial advance in price. Little Outside Demand. There was nothing in the news to account for the better feeling and there was no great increase in out- side buylsg. The situation seemed to be simply that the “street” had concluded that the recent pessimism was overdone. High-grade rails and industrials were firm, with occasional fractional advances. Second-grade bonds made slight advances and spec- ulative bonds made larger advances. The day’'s improvement was most noticeable in the traction issues. Rapid Transit securities 68 advanced a point and a half on buying by those impressed with_the favorable earn- ings outlook. Third Avenue adjust- ments were also strong, and ali the Interborough Rapid Transit bonds and notes went higher. Interest In Tobaccos, Among the industrials bids for large blocks of Tobacco Products 7 per cent notes of 1931 were reported just below the market. There are $4,000,000 of these notes outstanding, direct obligations of the corporation, but not secured by mort- gage, The present redemption price is 109, and sales were made today Just above 105. The Youngstown Sheet and Tube 6s sustained another sharp loss, selling down more than 2 points below the previous close, with a subsequent rally. Rallroad Issues Firm, For the most part the speculative rails were firm. This was certainly true of Baltimore and Ohlo tssues and of the Seaboard Air Line adjustments. Seaboard refunding 4s also went a Iittle higher. St. Paul issues were irregular. ~ ! Little interest was shown iu the forelgn list. There was a shight re- action in Czechoslovak 8s and in the French cltles 6s. 276 MEN LOSE -~ JOBS.ON PENNSY iLess Activity in Repair Shops | Causes Gradual Reduction, : Railroad Announces. October 2.-—An- s made here that the | reduction of & employes on the Pennsylvania railroad system in the last two months is the natural con- {sequence of the stimulation of shop irepair work in the first half of the ear. In addition te the reduction in bad ylvania e ALTOONA, lorder equipment, the Penn by the end of November will hav Iplaced in service 475 new heav freight locomotives built at the Bald- imn work: The Pennsylvania alss is substi- {tuting seventy-ton trucks for fifty i ton tru. 1 ito the coal-carrying capa road. v of the iSt. Louis Street Car ; Lines to Reorgan | Special Dispatch to The Star. i ST. LOUIS, October 2.—As a result lof action by the Missouri public serv- lice commission authorizing a three- ar extension of the $4.100,000 un- |@erlying bonds of the CUnited R: {ways Company, which operates the !local street car system, and appro {ing a reissue of $4,200,000 in recei fers' certificates, plans for reorgan zation of the company again have been taken up. The company has | been in the hands of a recelver since | April, 1918. !Huge Rice Shipments Are i Plannied for the Orient i l Special Dispateh to The Star. | SAX FRANCISCO. October American consumers of California Tice will get but a small share of the fall rice crop, which will soon com- mence to reach the market: Cali- fornia growers have not only sold all their remaining 1922 crop for ship- ment to Japan, but a large portion of the present crop has been contracted for_export to the orlent. Prices for the 1923 crop are ex- pected to be decidedly higher than those which prevailed up to September 1, a8 last year's rice has been re- moved from competition and 35,000 acres less land planted to rice than in_1922. Last years crop yielded 3, 225,000 bags. The present crop has 3,225,000 bags. The present crop has not yet been estimated, but it is ex- Electricity to Be Carried to Doorsteps of Farmers Special Dispatch to The Star. ST. PAUL, October 2.—Electrical power is to be brought to the door- step of the northwestern farmer. This was made certain foday by an- nouncement of definite plans of the Northern States Power Company for- mulated in co-operation with the offi- clals of Minnesota State University and the state farm bureau. A low- voltage line supplying farms from the nearest line was declared to be the most economical méthod, . 3 A five-mile test line of this charac- ter to fifteen farms near Dodge Cen- ter, Minn., is planned as the initial unit. Power over such a line would cost the farmer G cents for the first thirty kilowatt hours and 3 cents for each thirty hours thereafter. ‘WOOL TRADING LIVELY. ‘BOSTON, October 2 (Special).—The wool market has gotten off_to a good start this week, with & general move- ment of all grades, featured by ds mand for quarter-bloods for the knit- ting trade and half-bloods for the general run of manufacture consump- tion. Most of the orders are for quick de]lver{. thirty days being the favor- ite period. Recelpts at Boston Mon- day were 396 bags of domestic wool. ize { i 1 ! o cks under 10,000 cars, addition * EW YOR A v Received by Private Wire (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. * . Exampl 3 means 98 3-32.) Sales. High. Low. Closs. Lib3%s ..“"—{. 996 99-5 Lib 15t 4 97-19 97-13 97-14 Lib 2d 4%, 97-17 97-18 97-13 98-25 98-21 Lib 4th 43%s.. 791 97-18 98-18 US4%s1962. 809 99-12 999 FOREIGN. .. Sales. High. 3 101% 88% 100% 96% 101% . Close. 101% 884 100% 86Y 101% 88 79 78 MUY 98% 994 w01 99% 98% 103% 103 104 95 894 90% 3% 108 6% 1% 96% 96% 89 99% 5% 9% 834 92% 9% 8% % 79% 9% 30 85% 97% 1104 96% 95% 89% 3% % 106% 100% 90% 90's 98% 86 66 8214 104% 112 68% % 1w01% 89 101 108% Belgium 744s. Belgium 6s. Belgium 8., . Bolivia 8s Canada 5%s 19: Canada 6s 1931. Canada 535 1962 Chile 85 1946 Chile 85 1926 Chile 85 1941. . gmle 751943 ‘openhagen 53%s.. 9¢ 89! Cuba 5%s ctfs. 84 W"‘/: Czechoslovakia 8s. 12 93% Denmark 8 4 Denmark 6s. 15 lgg:: DutchEI16%s.... 10 91% Dutch East I 65°47, 27 Dutch East I 6s'62, 96% Framerican 7% 89 French Govt 8, 997 French Govt 7% 95% Haiti6s. ..... 9% Holland-Amer 6s. 834 Japanese 1st 4138, 92% Japanese 2d 415 1% Japanese 48, 8% Jergen UM 65 '47 % {-'yonu‘fll 79% Marsellles 6s Mexico 4s. ;g“ Montevideo 7s 86'5 Netherlands 6s. 973 Norway 8s. . oy Norway 65 1943. 964 Norway 6s 1952 . 9% Orient Dev deb 6s. 920 Paris-Ly's-Med 6 3% Prague 7% ces % Queensland 7s. 106% Queensland 6s. 1007 Rlode Jan 8s1 901y Rio de Jan 851947, 901, Sao Paulo,State,8s. 98% Seine, Dept of, . 86% Serbs Crotes Slo 8s 66% Solssons 6s. 8214 Sweden 6i 104% SwissConfed 112 Tokio 5s. % 68% Ud Kingm (%8s '29. 1% Ud Kingm 5%s'37. 101y 7d Steam Copen 68 89 Uruguay 8s. 101% 101 Zurich 8s. . 108% 108% MISCELLANEOUS. Am Agr Chem 738 99 iAm Chain s f 6s'33. 93 1 Am SmIt&R 1st 5s. 907% |Am SmIt&R 6s.... "3 100% {AmSugar Ref 6s.. 5 102 {AmT& Tey6s. 116% 1AMT& Tl trbs. . 97y {AmT & Teltrds.. 923 }Am Writ Paper 6s. 665 Anaconda cv db 7s. 45 Anaconda 1st 6 Armour & Co 3348, | Atlantic Refin s. . ! Barnsdall s f 5. | Bell Tel Pa bs. ... Beth Steel 5128 '53. j Beth Steel rf 5s. ! Beth Steel pm 5s. . | Beth Steclsf6s... | Brier H St 1st 5%s. ! Bklyn Edison 7s D. ! Bklyn Ed gen | Central Leather 58 « Chile Copper s {CinG & ESYs { Commonwth P s, i Cuban-Am Sug 8s. iCuba Cane cv d 8s | Cuba Cane cv 7s°30 | Det Edison ref 6s | Du Pont de N 735 : Duquesne Light 6 st Cuba Sug 715s. Bmpire G&F 7% | Fisk Rubber 8s.. | Gen Biec deb 5 1 Goodrich 63 ! Goodyear 85 1931 . | Goodyear 85 1941, Hershey 65 1942 { Humble O&R 534s.. 7 i Illinots Bell 1st Gs. T1 { Indiana Steel 5s... 21 {Int Mer Marine 6s. 1 Int Paperist3sB. 3 KCP&LtosA'52 8 | Kelly-Spring 8s... 16 {Lackawa S 58°50. . | Liggett & Myrs 6s. 12 i Lorillard (P) 5s { Lortilard (P) | Manati Sug st i Marland Oil 7%s. . { Marland Oil 8351 ! Mer & Mfg et 7s'42 { Mexican Petrol 8s. Mich St Tel ist 55 | Midvale Steel Gs. { Montana Power 5s. Morris&Co 1st 43¢s Nat Tube 1st 5s New Eng Tel 5 N Y Edsn Ist 6355, | NYG EL H&P 4s. |NYTet6sra1. N Y Tel 85°49. INY Tel 4%s... !N Am Edison 65 Nor States Pow is Nor States Pow 6s. | Northwst BTel 7s. 1. | Otis Steel Tigs. Pacific Gas & El &s Pacific T & T 58 ‘52 Pan-Am Pete 78 Phila Coref 63 A. Pierce-Arrow §: Pierce Ol deb § Producers & Rf 8 { Producers & R 85 % | Bublic Service 55 Punta Alegre 7s... Sharon St1 H 8s. . Sinclair Oil Ts. Sinclair Ol 6% Sin Crude Oil 53 Sin Crude Oil 6: Sin Pipe Line 5. So Por Rico Sug T Steel & Tube T Tenn Elec Pow 6s. | Tobacco Prod st Toledo Edn 1st Union B:.g & P 6 Unit Drug cv 8s USRublstre5 USSteel s£6s. Utah Pow & Lt 58 Vertlentes Sug 7s. Va-Car Chem Ts Va-Car Ch 7%s w. Warner Sugar 7 West Untfon 6%s. . Westinghouse 7 Wickwire Spen 7s ‘Wilson & Co 1st 6s. Wilson&C cv 7%s. Wilson & Cocv 6s. 7 86 Winchester A 73s. 2 103 Youngstn S& T 65.306 93 ! 1 BUTTER IS HIGHER. CHICAGO, October 2. — Butter— Higher; creamery extras, 451 ; stand- ards, 45; extra . firsts, 44ad5; firsts, 421%a43% seconds, 4032413, Eggs—Unchanged; receipts, 10,666 cases. ' A, ‘ LIVERPOOL COTTON: LIVERPOOL, October . 2.—Cotton spot qulet, prices steady: good mid- dling, 17.35; fully ‘middling, 17.27; middling, 17.07; low middling, 16.52 98% 108% 103 2 104% 12 95 9674 6% 99 24 91 83 2% 1% 8% % 78% 8% 30 85 974 110% 96% 95% 89 2% k(] 1064 1007 90% 50% 08% 85% 66 824 104% nz 6815 1% 101% 89 FRoscEasnoncntn o P Ll [ 98% 927 90% 100% 101% 116% 97% 2y 56 9915 96% 83% 97 9615 97% 884 9% 88% 974 92% 10745 96% 97 2814 9613 855 106% 93% 874 = 0 anBuneSea & - “he toaSBenEnmaENBRGeE - o o 00 1 10 B R e e O T e e 00 1 O - 12 101000 1 o = 00 21 i 2 GV 0O 19 = 1O 1 89 1 81 100% 1056 934% 105% 106% 97% 111% 686 101% . 88% 96% 88% 70 102% 109 o % 2 98 1 96% 93 105% 1061 97% - IR D10 B 88% 96% 88% 70 102% msn 107% 9 95% 86 103 92% 102% 1087 107% 94 95% 86% 86 103 22 i good ordinary, 16.02; ordinary, 15.72.} Sales, 5,000 bales, including 2,100 Amerfcan. Receipts, 8,000 bales, in- cludipg 5,600 American. Futureg closed barely steady. October, 16.05; beeembfi 15.5! January; 15.39 March, 18.16; May, 14.92; July, 14.52; 13.47; October (llll)‘. P % P 5 | Sou Pacific 451929, 3 | Third Ave adj 5 4] Tol St L& W 4s ¢ TOlStL&W 3 1% | BONDS 'STOCK JEXCHANGE l Direct %0 'The Star Office. RAILROADS. “ . Sales. High. 87% 8% 85 1 Tow. Close. 87% 8% 8% 78% 847 85 9% 88 78% 78% 100% 101 821 82% 83 ¥3% 6% 7% 4% 4% 65% - 66% 88 83 88 83 4 112% 112% 111% 111% 8% T78% 95% 96 99% 99% B4% B4% 86% 86 85% 86% 82% 82% 58% 63% 30% 30% 83% B4% 98 98 44% 44y 76% 76% b1% S51% 57% b7% B% 5% B65% 56% 107% 107% 106 106% 4% T4% 3% 88% 101 101% 94% 83% 83% 9% 70% 834 £ b7% 49 51% 521 65% 103% 103% 105% 105% 96 964 82 82% 81 81 67% 5% 8214, 62 101 ‘101 8% 58% 581 58 o 58 & 84 395 39% 87 87 3% 8% 695 70 91k 91 88% 89 Atchison gen 4s Atchison adj 4 Atlantic CL 1st 4 g :.g pr l|n 3%s. gold4s veq 8% &0 & B& OSW div 3%s. B & O Toledo 4s BKIRT 7521 ct. BkIRT78'21ctst 7 Canadfan North 7s. 4 Canad North 6%s., 9 Canad Pac deb 4s.. 39 Car Clinch & O 6s Cent of Ga 6s. Central Pacific 4s Ches & Oho cv Ches & O cv 43% Ches & Ogn 4%s.. 40 Chi & Alton 33. 5 Chi & Alton 3%s. .. Chi B&Q gn 45'58. 6 Chi B&Q st rf 58.. 1 ChiGreat West 4s. 15 Chi& EIlign 5s... 2 ChiM&StPrf4%s 14 ChiM&StPcv5es.. 7 Chi M&St P 45°26.. 1 Chi M&S P ov 4%s. 64 Chi& N W 6%s Chi& N'W 7s. Chi Un Sta 413 CCC&SLLrf 8s A Cleve Term 5%s. Cleve Term 6s Cuba R R bs. Del & Hd 1st rf 4s. Del & Hudson 5%s Den & Rio G cn 4s. D & Rio G imp bs Det United 4%s Erle 18t con 4s. Erie gen 4s. Erle conv 4s A. fe conv 4s B. ie conv4sD. Gr Trunk sf db 68 Gr North gen 7s. Gr North gen 5% Havana ERL&P 5 Hud & Man ref 6s. Hud & Man aj Gs. .. 11l Central ref 4s 111 Central 5% s Int Rap Tran 5s. Int Rap Tr 6s stpd. 19 Int Rap Tran 6s. Int Rap Tran 7s. Int&G Noraj6s.. 41 Int & G Nor 15t 6 Kan Clty Ft § 4s. Kansas City S 3s. Lake Shore 4s ‘31 Louis & N uni 4s. .. Louis & Nash 7s Louls & Nash 5%ag. Louls'& N bs 2003. Market St cn Gs. ... Mich Central db 4s. 20 il E1 Ry & L 5s. M & St L rf ex 5s. - wRnaasdan 13 5 41 2 2 15 31 1 5 1 » o Homanloon 1 9% 95% 93% $3% 91% 91% 81% B1% 16 16 101% 102 3% 3% T6% 76% 624 62% 24 va 49% 89 49% 1044 104% 94% 947 MK&T6sC. MK & T adj Se.. Mo Pacific 6s. Mo Pacific gn 4s. N Y Cent deb 65 [N Y Centriss. New Haven c d 6 Now Haven 7s. New.Haven 7s fr. NY W & Bos 43:s. ! Norfolk & W cn 4s. 45 Norfolk & W cv 6s. 17 t Northern Pac 3s. Northern Pac 4s. Northn Pacr i 6s. Northern Pac 5s D. 11 Ore Short Liref 4s. 2 Ore-Wash 1strf4s 8 { Pengisyl gen 5s.... 64 | Pennsyl gen 43 | Pennsyl 6%s. Pen: 1 gold 7s. Rapid Tran 6s. Reading gen 4 St L IM&S R StL&SFplisA.. {StL&SFincés.. StL &S Fadjés 61 58% 38% 90% 107 59% 59% 8216 82% 103% 103 91% 91% 8% 18% 99 99% 89 89% 107% 107% 1081 108y 6612 874 74 "% 55% 89% ki3 5% an A & Arn P 4s 718 eab'd A L 4s sta Seab'd A Liref 4s Seab'd A L ad) bs. { Sealb’d A L con 6s.. StL&SFplosC.. 44 30% 64% 98% 1% 854 w824 67% 68 10014 100% 46K 46% 681 68% 94 94y 91 D Sou Pacific ref 4s. . Sou Pacific cit 4s Southern Ry gn 4s. Southern Ry 6% nion Pac I5t 4s | Unlon Pac cv 4s. | Union Pac cv 6s. | virginia Ry 1st 5 Wabash 2d 63 Western Md 4s 581% 58% { Western Pacific 5s. 8% 8% TOTAL SALES (Par Value): 11a.m.. 4048000 12 noon. 6467000 ipm.. 7648000 2p.m.. §357000 SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) ~——Noom.— Offer. 10215 1081, a8 10215 1001, e 1188, American Lok da Co Anaconda C : ro H 5 a 10013 o815 071 073, 1004 103 934 4% 84% 103 931 7 American merican ierican Tl o815 98 { Kun Z | Rennecott Copper 7s 1930, Michigan State Tel, 0s 1934 M. St P S.AL Morris & Co. | Penna. R. K. { §£. Paul Union Depot 5% H Toebuck & Co. 78 1 Standara Ol of Callf. 3% BWitt & Co. bs | Tidewater Ol 63js 1031 | Union Taak Car 73 1930, ! U. 8. Rubber T1ts 1050 Western Union 6%s 1636 Westioghouse E. & M. 7s 1f _DECREASE IN CUSTOMS. BALTIMORE, October 2.—Collector Holtzman's report of the business of the port for the week ended Septem- ber 29 gives the value of exports at $1,198,973, a decrease from the pre- vious week of $777,242. The imports totaled $1,850,486 in value, a falling off of $136,40f Articles entered free of duty were valued at $1,502,540, and dutiable, $347,945. With the entries yesterday of the tankers Crampton Anderson and Cas- simir, both from Baton Rouge, the im- orts of oll last week feached 634,000 1barrels, as compared with 603,000 bar- {rels for the Previous week. The car- Eoes came from California, Mexico and Louisiana. the latter sending a cargo-of 57.000 barrels of gasoline. | RATES ON CALL MONEY. | NEW YORK, October 2—Call | money easier; high, 5%; low, 4% | ruling rate, 51; closing bid, 4%; of- | fered at 4%; last loan, 4%: call loans against acceptances, 41%; time loans }firm; mixed collateral, sixty-ninety 1g; four-six months, 5l%; mmercial paper, 5%. 1001 ot Jom 10022 05 1 { prime o | TODAY'S METAL PRICES. | NEW YORK, October 2.—Copper, {easier; electrolytic, spot and futures, {13%a13%. Tin, steady; spot and nea: by, 52.25; futures, 41.87. Iron, steady; prices unchanged. Lead. steady, spot, 6.85a2.10.. Zine, quiet; East St. Louls, ap‘ot -ni nearby, 6.30. Antimony, spot. 765877, 2 106% 106% | 102% 102% | 9215 927 | 66% | 1033 1 Grain, Produce and. Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, selected, can- dled, per dozen, 42; average Teceipts, ; storage, 32a33. < ivé pouitry—Roosters, per 1b., 1 tutkeys, per 1b., 32; spring chicken: 1b., 25a28; keats, youns, each, 50a 70; fowls, each, per 1b., 24a26.° ’ Dressed poultry — Fresh killed spring chickens, per 1b., 32a36; roost- ers, per lb, 30ad5; hens. per 1b., 3 turkeys, per 1b;, 40a42; keats, youn each, 75a80. Live stock—Calves, choice, per 1 11%a12; medtum, per 1b., 10all; thin, per 1b.,’ 6a7. Lambs, spring. per lb. 14. Live pigs, 3.00a5.00 each; live hogs, per 1b., 9%. Green fruits—Apples, new, per bas- ket, 50a2.50. California oranges. per crate, 5.00a6.50; Florida. 3.00a6.00. Lemons, per box, 6.00a7.50. Grape- fruit, 4.0026.00, Peaches, per basket, }250250; ‘hall bushel 'basket, 758 Grapes, Concord, twenty-pound basket, 1.00; Niagara, 1.76a2.25; Colo- l;';dv) Lopes, standards, 1.00a2.00; flats, 5 Vegetables—Potatoes, per bbl, No. 4.00a4.50; No. 2, 2.00a2.50; New rsey potatoes, round, per bag, 3.25a : New Jersey, giant potatoes, per 2.75a3.00; new sweet potatoes, 5024.00 per bbl. New York lettuce, per crate, 75al.50. Cabbage, north- ern, 2.25a2.50 per 100 1bs.; nearby, 1.00a1.50 per bbl. = Eggplant, per crate, 75a1.00. Tomatoes, half bushel basket, nearby, 25a50. Beans, 2.00a 4.00 per bbl. New York celery, per crate, 5.00a6.00, Squash, 75a1.50.” Pep- pers, per crate, nearby, 40as0. Kale, per bbl, 75a1.00. Spinach, per crate, 1.00a1.25, Home-grown lima beans, per quart,” 30a25. New York cucumbers, per bushel, 2.00a3.00. Sugar corn, per dozen, 10a25. GRAIN AND PM"ISID!;S. BALTIMORE, Md., October 2 (Spe- —Potatoes, white, barrel, 1.20a 00: 100 pounds. 75a2.50; 150 pounds, 004 sweets and yams, barrel, 1.00a3.00; basket, 25a50; beans, bus! ! 50a1.25; lima beans, bushel, 75a 1.35; broecali. bushel, 15225; cabbage, 100, 4.00a8.00; carrots, 100, 2.00a4.0 cauliflower, hamper, 2.50a3.50: celery, dozen, 50a80; corn, dozen, 12a25; c cumbers, 30a80: eggplants, basket, lettuce., bushel, 1.00a bushel, 15a25; onions, 100 pounds, 2.0043.50; peppers, basket, 30a ; pumpkins, 100, 5.00212.00: squash, jbasket, 15a30; spinach, bushel, 45a50; tomatoes, basket, 40a65: packing stock, bushel, 1.00a1.15; turnips, bas- ket, 20a25. Apples, barrel, 1.50a2.50; bushel, 50 al.25; basket, 20a40: ' cantaulopes, crate, 75a2.25; crabapples, basket, 60a 65; grap t, 75a1.00; damsons, bushel, 1.50a1.75: peaches, bushel, 1.00 basket, 50al1.00; pears, bushel, 50; basket, 20a40. Settling Prices on Grain. Wheat—No. 2 red winter, spot, 2 _red_ winter, garlicky, B No. 3 red winter, gar- spot, 1.01%; No. 4 red winter, garlicky, spot, 97% Sales—None. - Corn—Cob, new, 5.10 per barrel: No. spot, no quotations; track No. 2 or better, 1.09. 3 g ite. new, No. 3 white, new 5014251, Rye—Nearby, 75286 per bushel; no. 2 rye, spot, 80 per bushel. Hay—Receipts, 95 tons. There is a more or less constant demand for de- | sirable qualities of timothy and bright {mixed hay, of which there is no over- {supply, on spot. at 23.00 to 27.00 per ton. ‘Low grades and damaged hay, however, are a slow certain value. Straw—N | | | o11zad2; e and of un- tangled rye, wheat, 12 { DAIRY PRODUCT! | October 2 (Spe- Poultry—Live spring chickens, a23; old hens, 184 old roosters, 14a pigeons, pair, 20a2 guinea fowl, cach, 40a Eggs—Loss off, native and nearby firsts, dozen, outhern, 36, 2 Butter—Creamer; good to fanc: d, prints, 47a49: nearby ladies, 34a37; roll packed, i process butter, 38a3 i H Chieago Prices, CHICAGO, October 2.—All grains had u decided upward swing today |during the early dealings. Talk o probable government measures for farm relief was largely responsible. In the wheat market there was free selling on the part of some of yester- |day's buvers, but the offerings were lquickly absorbed. Opening prices, | jwhich ranged from Ka¥% to higher, with December 1.07 to 1.07% and May | 1111% to 111%, were followed by | sharp general gains. { *"The entire 1ist of corn and cats de- Hiveries touched a new high-price rec- lord for the season, with December {corn up-about 10 cents a bushel in the last two weeks. Scarcity of immediate jsupplies and prediction of enlarged ceding demand were bullish fac : NS anged to % higher, 4%, corn continued i i to ascend. { Oats started % to % up, December 43% to 43%, and later showed addi- tional gain: i Despite 1 {provisions were | WHEAT— - Open. December . 107 May. Dy 17 cony { Juty er quotations on hogs firmer, with grain. High. Low. Close. 1.08% & fR1EH s 1.08 % | 455 | | December 3% | | May § July, LARD— October | January RIBS— October January ! CHICAGO LIVE STOCK MARKET. | | ¢HICAGO, October 2 (U. 8. Depart-; iment of Agriculture) —Hogs—Re- { ceipts, -24,000 head; mostly steady to | 10 cents lower; bulk good and choic: {180 to 300 pound averages, §.00a8.2 top, 8.35; better grades, 140 to 160 pound - averages mostly, 7.40a7.90; packing sows, 7.00a7.25; bulk desirable Welghty killing pige, 6.50a7.00. ’ Cattle—Receipts, 10,000 head: ac- 125 cents higher; no strictly cholce kind here; top matured steers, 11.75; steady to 25 cents higher; { cents higher; bulk to packers, 11.50a {12.00; stockers and feeders firm slow; around steady: bulk natives, 12.00212.50; éulls, 8.50a9.00; few sheep | tive; fed steers and yearlings, 15 to best yearlings early, 10.75; she stock | bulls steady; vealers steady to 23 Sheep—Receipts, 35,000 head; very offered; bulk western feeders, 12.602 13.00. —_—— FOREIGN EXCHANGE. | i October 2, 1923, 12:08 p.m. | (Quotations furaisiied by W. B. Hibbs & Co.) Nominal Selling checks today. 4.54% London, pound. Montreal, dolla: Paris, franc. Rrussels, franc. Berlin, ‘mark.. Keme, lira. Zurich, franc. Copenhagen, Cpristiania,” crown Stockholm, crows. By thio Assoclaied Press. NEW YORK, October 2—Foreign exchanges irregular. Quotations (in United Stases dollars): Great Britain, demand, 4.54%; cables, 4.54%; sixty- day bills on banks, 4.51%. France, demand, .0598; cables, .06981%. Italy, demand, .0451;. cables, .0451 Bel- gium, demand, .0507; cables, .0507%. Germany, demand, 000000003; ‘cables. .000000003. Holland, demand. .3925 cables, .3930. Norway, demand, .1581 Sweden, demand, .265 nmark, de mand, _.1770; . Switzerland, demand, .1783; Spain, demand, .1343; Greece, aemand, .0165; Poland, ~demand, 1000002% ;' Czechoslovakia, - defmand, 10299; Jugoslavia, demand, .0113% Austria, demand, .000014; Rumania, demand, .0046%: Argentina, demand, 3350; Brazil, demand. .0980; Montreal, l ! | G {him. They demanded the mone SIS T * OF PUBL DEBY Treasury Reports Reduction Over $4,000,000,000 Since .War-Time High Point. The total gross debt of the Unit States was curtailed $74,414,370.59 during the month of September, 1923, and now stands at $22,125,614,247.31, the Treasury Department announced this morning. The country’s present indebtedness shows a-reduction of more than four billion ‘dollars from the peak of the war debt reached on August 31, 1919, when the gross total was §! 96,- 701,648.01. Secretary of the Treasury Mellon has proved himself without a superfor in bringing about this Luge accomplishment, according to th leading financial authorities of the country. The net balance now in the Trea ury’s general fund totals $422,74 512.01. Outstanding obligations are fied as follows: bonds, $16,486,55 notes, $4.055,148,300; certificates, 013,5600; war savings securities, 692,426 matured debt on which in- terest has ceased, $51,494,130.26, and debt which bears no interest, $240,- 706,561.05. Mellon Calls for Deposits. Secretary of the Treasury Mellon has called on national banks of the country to pay into their regional members by Thursday next 10 per cent of the proceeds remaining on de- posit with them from the June 15 sale of Treasury certificates. The withdrawal will be in the amount of $13.634,000. The June 15 issue consisted of u total allotment of $189,833,500, in- cluding 338,344,000 of exchanges. bearing 4 per cent and maturing in six months, Bank Anniversary. The first anniversary of the Wash ington Heights office of the Riggs National Bank is being celebrated today. Located at 18th street and Colum- bia road, the Institution has enjoyed success and growth, according officlals. The bank features the public being invited to pa and gas bills, make change irrespective of accounts The branch, which is managed by W. A. Dexter, Mas deposits of ap- proximately $200,000. Local Exchange Busy. A good volume of trade, embracin the majority of favorite issues, at un- changed price: ted on the Washington this morning. Bonds held the limelight Potomac Electri al and re- funding 6s of 195 t 101 while the 78 of the company sold 167. Capital Traction 5s brought 91 Washington Gas 6s of 1953 sold fn de- nominations of $100 at 1003, the larger bonds _selling lower. otomar Electric debenture 6s sold i under par. Tn the stock list, Capital Traction held firm at 993, with Railway pre- ferred at’'70% and 703,. Mergenthale was strong at 156%2. Fewer B allures. There has been a progressive re- duction in business mortality during each quarter this year. Failures in the United States for the third_a ter were 3, and involve $98.543, liabilitles. These totals, which are exclusive of banking suspensions, compare with 4,408 defaults for $121.- 192,494 reported to R. G. Dun and jCompany in the second guarter, 5,316 insolvencies for $138.231574 in the first quarter, and 5, commercial defaults in the third quarter of last year, involving $117,188.1 For the first nine months of 1 ¥or the first nine months of 19 olvencies were 13,499 for a reduction of about 27 per ce in number and liabilities for thosefor in !the corresponding period of last vear. EFFORTS REPORTED TO MULCH STONEHAM Base Ball Magnate Asked to Pay for Brokers’ Silence, Law- yer Claims. By the Associated Press. NEW YORK, October 2.—Edward M uller and W. Frank Magee, convicted heads of the bankrupt bucketing of E.'M. Fuller & Co., demanded $100.- 000 or $150,000 from Charles A. Stone- ham, half owner of the New York Giants, not to tell “what they knew about him,” Edgar P. Feeley testifi vesterday before Referce Harold ¥ Coffin, in charge of the bankruptey in- tigation. Feeley has an office wit! Leo P. Bondy, former counsel for Stoneham, ; United ates District Hayward was trying to persua bankrupts to tell all they knew Stoneham, Feeley testifed, so that ndictment charging use of the m to defraud might be obtained ag?‘l‘n‘u or Stoneham to withhold this informa tion, he said. 3 Information regarding the dema wag obtained by Feeley from Harold Norris, friend of the convicted men whose office is with former Sherift Thomas F. Foley. Feeley quoted Stoneham as saying, “Well, I won't give them a cent.. If they think I Won't sleep tonight they are mis- taken. 'Norris, called before the referee, ad- mitted he had tried to borrow money o ald the bankrupts, but denied knew Foley had supplied them with funds provided by Stonenham. SEES, 260,000 OiL WELLS BEING OPERATED AT LOSS President of Independent Produc- ers’ Association Predicts High- Cost Gasoline in Early Future. By the Associated Press. CHICAGO, October 2.—Out of about 285,000 ol wells in the countr: 000 are being operated at a loss, W H. Gray_ of Tulsa, Okla. president of the National Independent Pro- ducers' Assoclation, declared in a statement issued upon his arrival here to attend the annual convention of the American Oil Men's Associa- tion, which opens today. 5 “4s head of the independent oil Attorney de th are not playing fair with them a that in the very near future they will be paying abnormally high prices for gasoline. They are killing the goose that laid the golden oggs and after its death the public is going to find that goese eges have increased in price comsiderably. Reports of everproduction afe un- founded, he declared, adding that production i# droppig off at a great rate. Unless a market price that will cover the coft of production is placed on the product, the second Jargest Industry in the country will be klilled, he asserted. BAR SILVER RATES. LONDON, October 2.—Bar 321 pence per ounce. Money, 21§ per cent;- discount - rates short Dillx, 215-16a8 per cent; thrce-month bills, silver, 214 -