Evening Star Newspaper, October 8, 1923, Page 20

& INTEREST CENTERS INRAILROAB SSUES Many Stocks Go Higher. Bears Pound Studebaker. |. and American Woolen. BY STUART P. WEST. pecial Dispatch to The Star. NEW YORK, October 8.—Those who have been predicting that the railway shares would break away from the industrials and have dn upward move- nient of their own began to see their prophecies working out toward the close of last week. Today the demon- stration in the rails was more strik- ing still, particularly as it was ac- Companied’ by pronounced heaviness and at times @ semblance of weakness in important parts of the industrial section. Low-priced rails had been favored in last week's buyving, but today the higher-priced dividend payers came in for their share of attention. Reading Stocks Pushed Up. With only a week to go before the expected approval by Reading share- holders of the segregation plan and the transfer to the stock exchange of Reading Rights and the new Reading conl shares, the present Reading stock | as ‘bid up sharply to a new high for the year. The incentive was that with the rights ofi the present selling price and with earnings from the railway sufficient to cover dividends more than twice over, Reading stock at the readjusted selling price would look attractivi Other anthracite stocks went along. Lehigh Valley, In which there was apparently a long outstanding short interest Dased upon the serles of its reported during the first half , had a brisk upward turn and there was a good deal of specula- tive buying in the Eries. Much Short Covering. There was evidently a lot of short covering going on, In stocks of roads which have not beén showing up well in earnings. Among these were the St._Paul, Missouri Pacific preferred and Rock Island common. 'Even during the period when the rails were strongest the industrials were yielding ground. American | Woolen was one of the weakest, and the bears kept on dri ing at Stude- baker whenever they got the chance The steel group was dull. reflecting the uncertainty of the trade position, and the same was true of the coppers. Cast Iron Pipe made a new high early in the session, but fell back later. The erratic Davison Chemical had one of its characteristic downward turns. Covering in Marine. On the other hand there yas ai short covering in Mercantile Marine preferred, following last week's im- provement in the 6 per cent bonds. Tnusually large trading at higher prices in Fifth Avenue Bus brought under discussion again the rumor of combination with the Yellow Taxi s h and Belgian exchanges were strong again today. But the large question is, that assuming Ger- many is about to recommence ship- ments of goods on indemnity account, how long can this reasonably be ex- pected to continue? The producers of these goods must look for payment from Berlin and how can the German government pay for very much with its virtually worthless paper currency and the very limited stock of gold at its disposal? Rather Poor Cofee Reports. The reports for the three months ended September 30 of the leading porphyry companies—Utah, ~Nevada, Chino and Ray—are expected to be rather poor. Iarnings will probably be shown to have been less than in the second quarter, especially in the case of Chino and perhaps Ray. These latter have been unable to reduce their costs sufficiently because of comparatively low - output. Utah and Nevada no doubt have been doing proportionately better than the oth-! ers. The projected merger of three of the southwestern copper companies— Inspiration, Ray and Chino—is un- derstood to be much nearer at hand than generally realized. It was re- ported today that a price at which the three companles would enter the merger has been virtually fixed. CALL MONEY MARKED UP. Offerings in Industrials Increase in Late Trading. Iy the Associated Press. NEW YORK, October 8.—Strength of the railroad shares, based on higher earnings and reports of mergers and favorable dividend developments, was again the feature of today's stock market. Industrials were heavy, bear selling of the pivotal stocks eventu- ally resulting in a reduction in the Zains of some of the leading carriers. Sales approximated 700,000 shares. The closing was irregular. Mark- ing up of the call money rate to bij per cent increased the offerings of the industrials In the late dealings.i American Woolen breaking below 70 to a new low for the year. Market Flashes at Today’s Close Continental Can Company declared regular quarterly $1. common divi- dend, payable November 15 to stock of record November 5. Directors ap- proved purchase of National Can Company. Those who have been active on buy- ing side of Chesapeake and Ohio are not looking for any runaway affair. In one quarter buying was based on expectation that eventually Chesa- peake and Ohio would be exchanged on share-for-share basis with Nickel Plate. Both roads are now domi- nated by the Van Sweringens and as- sociates. Great Northern railway authorized to assume llability of $8,625.000 cquipment trust certificates to be sold at 94%. Certificates will bear 5% in- terest and will be sold to First Na- tional Bank of New York and pro- ceeds applied to purchase of equip- ments costing $11,527,457. At _special meeting of Philadelphia and Reading ratlroad to act on mer- ger with Reading Company every share of stock voted in its favor. At subsidiary meetings every share also voted in favor of merger. The geologlical survey estimates bi- tuminous coal production in the week ended October 6 at 10,700,000 tons and anthracite at 2,000,000 tons. The_ Interstate Commerce Commis- sion had received application from the Erie railroad for permission to issue $1,600,000 of 6 per cent equip- ment trust certificates. No arrange- ment has been made for the sale of the certificates as yet, but it s be- lieved that they can be sold at 97. The Ohio public service commis. sion has authorized the Ohio Power Company to issue $8,000,000 6 per cent bonds. The proceeds are to be used for the completion of a plant at Philo and other improvements. Fourteen eastern raflroads have re- ceived requests for conferences from engineers’ and firemen’s brotherhoods in connection with demands of train service unions for increased wages. There are reports to the eftect that General Motors may declare a 30- cent extra dividend next month. —_— 1 Nickel Plate railroad earned in first five months of this year balance at ,ratg of $24 a share annually on com- ‘mon. . MoCrory stores September sales $1,- (1} an ipcrease of 20: per cent, Adams Expre: Adv Rumley pt. NEW YORK STOCK EXCHANGE Recetved by Private Wire Direct to The Star Office Alr Reduction. . Alaska Juneau.. Allled Chem.... Allls mers. Am Ag Chm pt. Am Beet Sugar. Am Bosch . Am Brake Shoe. Am Can. - Am Can pf. AmCar & Fdy.. AmCar & F pf. Am Chain (A) Am Chicle Co. Am Cotton Ol Am Cot Ol pt... L4 | Am Internat’ Am Linseed Am Metals. Am Radlator. .. Am Safe Razor. Am Ship & Com. Am Smelting. .. Am Steel Fdy Am Bugar. Am Sumatra. AmVTel & T Am Tobacco. Am Tobac (B). AmW W 6% pf. Am Woolen Am Writ Prpf.. Am Zinc & Lead Anaconda. Arnold Con Ass0 D Goods Asso Oil (new). ! Atlan Bir & Atl. Atlan Cst Line. . Atl Fruit ctfs Atlantic Fruit.. Austin Nichol Auto Knitter. .. Baldwin Loco Balto & Ohlo. .. Balto & Ohto pt. Barnesdall (A). Bayuk Bros. ... Beechnut Pack. Beth Steel...... Bklyn Edison BKklyn Rap T fp... Bklyn Un Gas. . Brown Shoe. ... Brown Shoe pf. Burns Bros (A) Buns Bros (B) Butte & Super Butte Copper. Butterick Callf Pack Calif Petrol pf. Callahan Zinc. .. Calumet & Ariz. ‘Cnlfl Petrol. Canadlan Pac Century Rib Mil Cerro de Pasco. Chandler Mot Chesap & Ohlo. . Ches & O pt wi. Chi & Alton..... Chi & Alton pf.. Chi Grt West... Chi Great W pf. ChiMil&StP... Chi Mil &St P pt. Chi & Northwn. Chi Pneu Tool. . ChiR1& Pac... Chi R 1&P 1% pf Chile Coppe: Chino Cop| Cluett Peabody. Coca-Cola. Colo & Sou Columbla Gas. Columbia Graph Col Graph pf. Columbn Carbos (qom Solv (A) ons C: Lons Gasof NY. Cons Textile. Cont Can.. Cont Insurance. Continental Mot Corn Product: Corn Prod pf Cosden & Co. Crucible Steal. Cuban-Am Sug. Cuba Cane Sug.. Cuba Cane 8 pr.. Cuban Dom'can. Cuyamel Fru Davidson Chem. Del & Hudson. .. D Lack & West. Detroit Edison vome Mines. ... Douglas Corpn. DuSS& Atlpf. Dupont (E1)... Eastman Kodak Eaton Axle & 8p Elec Stor Bat... Endicott-John. o Erie lst ptf. Famous Playvers Fd Mines&S pf. Fifith Ave Bu: Fisher Body. Fisher B of O pf Fisk Rubbe: Freeport Tex: Gen Asphalt.... Gen Asphalt pt, ‘Gen Hlectric. Gen Elec s Gen Motor: Gen Motors pf.. Gen Mot 7% deb. Gimbel Bres. ... Gimbel Bros pf. Goldwin Corp. Goodr'ch. . Goodrich pf. Goodyear pf. Gt Northern pf. Great Nor Or Greene-Canan. Guantana Sug.. Gulf Mo & Nor.. GuitM & No‘r L. Hanna (M A) pf. Hartman Corp. . Harbishaw Cab. Hayes Wheel Homestake. Houston OIl. Hudson Motors Hydggulic 8tl... Ilinols Central. 10! Ind Ofl & Gas. Int Harvester. Int M Marine pt. Niol Tea 26% Jones & L'gh pf. 108% Kansas & Gulf. Kansas City 8. Kelly-Spr Tire. Kennecott Keystone Tl Kresge (88).... 235 Lee T & Rubber. le; Louis & Nash. Molntyre Por. Mack Truek: Magma Copper Mallinsoh & Co. Man Elinv guar High. Low. Close, 7 .70 70 2% % 62% 42 0% 90% 106% 106% 168 183 118% 118w 2%, 2% % 12% c &1 A % 18% 19% 3 8 | Calumet & H(n) 1 51% 28% 48% 1 1 5 5% 23w 11% * 31%° M TR TR 9 9 9 42 A1 A% % » » 1% 17% 17% 2T 25% 25% 108% 108% 108% % % % 18% 18 . 18 2% 23% 23% 84" ¥3% 33% 2% 2% 2% 1286 285 285 18% 16 16% 63% 1% 624 220 230 64% 63 684 16% 16% 16% 6% 6% 51 51 168% 160 ¥8% &8 88 16% 16% 16% 7% 78 78 110 110 110 61 61 61 26% 16% o1% -28% 80% 30% 80% 32% 3% 32% 28% 30% - Open! (Manhat Shirt. .. Manila E1 Corp. Maracaibo Oil... Market St prior. Marland Oll. . I'Martin-Parry Maxwell (A). Mex Seabd etf Miami Copper.. Middle 8t O! Minn & St L ¢ Mo Kan & T.ll. . Montanx Power. Montg'y Ward. NY Alr Brake. . N Y Central.. N Y C & StL (n). NYC&StL pf(n). NYNH&Harttd. Norfolk South. . Norf & Western North Amer orth Am pf. North Pacific. .. Ohio By & Blw. Ohio Fuel Sup. . Orpheum Circult Otis Elevator... Otis Steel....... Otis Steel pt.... Owéns Bottle. .. Pac Gas & Elec. Pacific Mail Pacific Ofl...... Packard Motor. Fan-Am Pete. .. Pan-Am P'(B). Penn Coal & Cke Pennsylvania. . Penn Seahd Stl. People’s Gas. Peoria & East Pere Marquet Pere Marq pf. Phillips Pet Plerce Oil pt Pitts Coal Pitts & W . Postum Cereal.. Rapid Tran Sec. Rap Tran Sec pf Reading 2d pt Remington. Replogle St . Rop Ir & Steel.. Rep Ir & Stl pf.. Reynolds Spr... Rey Tobac (B). Royal Dutch. ... 3t Jomeph Lead. St L& San Fran StL&San Frpf. St L Southwn St L South pt. San Cecll Sug. 30 b7% 1% 30 . 92 Seaboard Alr L. 6 Seabd A L pt. &ears Roepbuck. Shattuck-Ariz. . Shell Unlon. Simmons. Simms Petrol | Sinclair Of1. Sinelalr pt. 50 8% Southern Ry p! St Ot of Callf. Stand Oflof N J. StOflof N J pf. ing Prod Stewart-Warne: Strombg Carb. . Studebaker. .... Studebaker pf.. Submarine Bt Sweets Coof A. Tenn Covper... Texas Company Tex Gulf Sulph. ‘Texas & Pacific. Tide Water Oil. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Pro pt. Trans Cont Oll.. Underw'd(new). Union Bag & P. Union Of Union Pacific. .. Un Alloy Steel.. United Frut.... I United Ry Inv.. Utd Ry Inv pt U S Cast I Plpe. USCastir Ppf. U 8 Food Prod.. U 8Indus Alco. U S Realty. U S Rubber..... U S Smelt&Ret.. U8 Steel. ... U S Steel pf. Utah Copper. 69 2% 834 117 55% B0% 63% 95% 1s 8% 2% Waldort (new). West Penn Co. . West Elec pf. .. Western Md. ... Western Md. 2d. West Pacific. West Pac pf.... Western Unlon. West Alr Brke. . Westhse El&M. ‘Westhse 1st pt.. Wheeling&L B. Wheel & LE pt.. White Eag Oil.. 24 24! 65% 65 65 High, Low, Yast. Call MOmey..... 6% 4 % WHEAT AND CORN SCORE NEW HIGHS Best Bricgs of Season Reached . During Today’s Trading in _ Chicago. . By the Assqciated Press. CHICAGO, October 8.—May and July wheat both touched a new high price record today for the season. Then, assertions that exporters were canceling purchases tended to ease the market. Prices closed unsettled, % o, % cent net higher, December, 110 _to 1.10%, and y, 1. to 118%. The decline in the corn deliveries was strength in cash corn, which advanc- ed to a new high price record for, the season, 3$1.06 a bushel. Futures clos- ed unsettled, %l‘ to 3% cent net lower; December, 6% to 16%. —_— Mules ~ for farm work _increased nearly 30 per cent in the ten years batween 191¢ to 1 price of future checked - by % ' Favorable Weather, 3415 | # lgpll.d to the IRAILROAD ISSUES FEATURE BONDS .z Seaboard and B. & 0. Offer- | & ings Again Strong—Foreign Group Holds Firm. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, October 8.—Interest in the bond market teday centered in is- sues of the speculative type, these be- longing, for the most part, to the rail- road group. dull and little changed. One of the fea- tures was the strength in miscellaneous foreign government bonds, such as the French Citles and the Brazil 8s. Seabpard Bonds Active. Foliowing the discussion last week of Seaboard Air Line affairs and the favor- able chances of the adfustment § per cent bonds going on an interest basis in February, there was a further active buying movement in the Seaboard se- curities. The adjustment Gs had closed on Saturday at 3415, which was their high of the vear. They started in today with a rush, getting up to 36. Then they encountered realizing sales suf- ficient partly to check the adyance. The refunding 4s were up nearly a point, and the consolidated 6s were very active around 68. St. Louis and San Francisco incomes, Baitimore and Ohlo convertible 418 and others of the sort which are sensitive to fluctuations in their related atocks, all made some response to the strength of the rallway group on the stock exchange Other Rail Issues Gain, Peoria and Eastern incomes were up sharply on unusually large trading. This was part of the better inquiry noted last week for securities com- prised in the system of the New York Central and subsidiaries. But the trou. ble with Peoria and Eastern is that it is dominated by the big four and suf- fers the disadvantages which are the lot of small feeder roads in a subordi- nate position. Chicago and Alton issues stood out conspicuously. The 3 per cents, which are the senior mortgage, were up a point at 55 and the 314s were also higher. As late as April Alton's carnings_were running at the ri of only 75 per cent of fixed cha But in May there came an _astonish- ing turn for the better. Not only small balance for the common. This improvement has ‘been maintained since then. Foselgn Group Quiet. Foreign government bonds were not affected by the strength in the for- eign exchanges and the seemingl, better news from the Ruhr. Frenc! 8s and T%s and Belglan 7%s were barely changed at all. French city | bonds, however, went higher. 5 | COTTON IS LOWER - ASWEEK OPENS Poor Goods Reports and Foreign News Cause Selling. 1 By the Assoclated Press. | NEW YORK. October 8.—The cot- ton market opened barely steady at a {decline of 3 to 10 points under a re- |newal of scattering liquidation and southern and local selling. The lat- ter was promoted by relatively easy cables, favorable weather and con- tinued unfavorable reports from the goods trade, and prices soon showed net losses of 20 to 26 points, with De- cember selling off to 27.45 and Janu- ary to 26.94. There was some trade buxing and covering on the decline, particularly around and on a scale down from the 27% cents level for December con- tracts. New Orleans Also Seils. NEW ORLEANS, October 8—Fur- ther complaints of trade from north- ern mill centers and favorable weath- er over the greater part of the beit put the cotton market lower today, % |the trading positions losing 25 to 33 points in the first half hour of busi- ness. December fell off to 26.93. Some selling was said by some brokers to have resulted from an unfavorable opinion of the German political situa-~ tion. Noon Bids on Cott NEW YORK, October 8.—Cotton fu- tures, 11:45 a.m.—Bids steady; em - ber, 27.85: January, 27.27; March, 27.30; May. 27.30. A NEW ORLEANS, Gctober 8.—Cotton futures, noon bids—Steady; October, .3%; ' December, January, March, 26.9 WALL STREET BRIEFS. New $8,000,000 Bond Issue—Min- ing Company to Resume. 5W YORK, October 8.—Net profits of $1,714,629 for the year ending August 31, 1923, are reported by Julius Kayser & Co., as compared with $1,685,068 in the preceding year. ‘The 'Onlo Power Company has been authorized to lssue $8,000,000 6 per ¢tent bonds, the proceeds to be used to complete the company's plant at i Philo, Ohlo. September building contracts in New York city amounted to $43,134, ccording to F. W. Dodge Corpo. This is a decrease of 8 per cent over August, but an iIncrease of 5 | 22 per cent over September, 1922. President Jackling of the Butte and Superior Mining Company announces that operations will be resumed with- %|in the next twenty. y. da: out welve hundred men will be employed, e states. ©Of the £2,338,519 British gold ex- ports last week, £2,187,438 were for- warded to the United States. The Northern States Power Com. pany reports net income of $7,723,2 for the twelve months endin Au!\n 1, 1923, a8 compared with {‘s,n 036 n'the preceding twelve months. "'The Congoleum Company, Inc., has New York Stock Ex- change to 1ist its common stock, T cently increased from 100,000 to 2 000’ shares by & 140 per cent stock dividend. PR ORI =4 ‘BURY RAIL OFFICIAL. | GREENWOOD, 8. C., October 8.—— fThe body of Thomas C. White of ‘Wilmington, N. C., general bassenger agent of the Atlantia. Coast Line r ‘who déod in a sanitarium er, nry o atter’s home at Saluda, wi he funeral will be conducted today. Mr. White was fift. and a native of luda had been in 11l health f year. P ‘ PARIS, October 8.—Prices moved !ll;‘rlon)-tly ::t' :nh::- .g“r';“ today. T e A &:hnn .on iondon!. centimes. © Five' per cent francs centimes. =The doliar was Rev. the about a < “zzw YO! ;3 electroly ON NEW YORK (on nev vonx BONIDS soex excanncs] Received by Private Wirs (Sales are in §1,000.) UNITED STATES BONDS. ) 99-18 97-10 907-18 718 98-9 97-10 98-15 538 US4%s1962. 369 FOREKIGN. Bales. High. Low. Olose. + 20 101% 101% 101% 2¢ . 88% 100% 100 6%, 96 % | Canad Pac deb High-grade bonds were [ B 3% 934 109% 108% 97 96% 7. 1 Dutch East I 6s'62. 81 Framerican 74s.. 35 French Govt 3a French Govt 7% Halti s 83, 2da4%s Japanese 4s. Jergen UM 6s EXT -y Orient Dev deb 6., 16 Paris-Ly’s- Prague 7%s.... 6% 6% 107 106% 5 101% 1014 o1 90% 91 01 98% 984 85% 854 66% 66 83 83 104% 104% 11% 1% 6% 107 101% 20% (38 8% 85% [ 83 104% 112% 1% 101% Rio de Jan 8s 19 Rio de Jan 85 1947. Sao Paulo.State,8s. 2 Seine, Deptof. 7s.. 4 Serbs Crotes 8lo 8s 11 Solssons 6s Sweden 6s. Swiss Confed 8s... UdKingm 5%s°29. 21 112 111% Ud Kingm 5%s°37. 10 101% 101% MISCELLANEOUS. Ajax Rubber8s... 2 91 91 Am AgrChem 736n 19, 98% 984 AmChalnsf6s'33. 15 93 98 Am SmIt&R 1at 5s. 13 914 OI% Am 8mit&R 17 101% 101 Am Sugar Réf 4 101% 101% 25 117% 117 15 97w 9% .16 924 92y 6 53% 53 33 99% 99% 96% 7% 2 £d) AmT&Tcltr Am Writ Paper 6s. Anaconda cv db 7s Anaconda 1st 6 Armour & Co 4%s. Atlantic Refin Bs. . Barnsdalls f8s. .. Bell Tel Pa b . Beth Steel 538 '63. Beth Steel rt Beth Steel pm bs. . Beth Steels £ 6 Brier HSt 1st 6 Bush T Bldg Calif Pote 6%s w i Central Leather b Cerro de Pasco 8 Chlle Copper 6s. .. Commonwth P 6s.. Con Coal Md 1st 5s, Cuban-Am Sug 8s. Cuba Cane cv d 8s. Cuba Cane cv 78 '30 Dery (DG) T Det Edison ref 6s. . Diamond Mth 7%s. Donner Steel 7s. .. Du Pont de N 7%s. Duquesne Light 65 Est Cuba SBug 718, Empire G&F 7% Fisk Rubber 8 Goodrich 6%4s. ... Goodyear 85 1931.3 21 Goodyear 88 1941. Hershey 68 1942 Humble O&R 5% Iilinois Bell 1st 6s. Indiana Steel bs. Int Mer Marine 6s. KCP&LtSsA’52 Lorillard (P) bs... Lorillard (P) 7s... Magma Cop cv 7s. . Manati Sug sf T%s Marland Oil 7%s. rland Ol 8s '31 Mexican Petrol 8s. Mich 8t Tel 1st 5 Montana Power 5s. New Eng Tel bs. .. N Y Edsn 1st 6%s. Nor Stafes Pow 5s.. Nor States Pow 6s.. Northwst B Tel 7s. Pacific Gt Pacific T Pln-Aén Pete Punta Alegre Sharon St1 H 8 Bificlair Oil 7 Sinclair Ofl 6%s. Sin Crude Oil 6%s. 8in Crude O11 6 Sin Pipe Line bs... South Bell Tel bs. . So Por Rico Sug 7 Steel & Tube Tenn Elec Pow 6s. Tide Wat Oil 6% Tobacco Prod sf Toledo Edn 1st Unit Drug ov 8i USRublstrf USSteelsfbs Utah Pow & Lt Vertientes 8ug 7s. Va-Cat Chem 7s... 2 Va-Car Ch T%s w. Wiison & Co cv 6s. 85% &T6s. 27 94 Flour 10 Cents Higher. MINNEAPOLIS, Minn., October 8.— Flour, unchanged to 10 cents higher: family patents, 6.35a6.56 a barrel. Shipments, 83,960 barrels. Bran 28.00 .. 1 northern, 5 e:‘x:b-fi', l'l‘i’ H Ié:{' 1.23: 0. 2 yellow, . , 39%ad0%. Ilax, No. 1, Wh g Today’s Metal Prices. October 8.—~Copper, spot and later, 13 -nr Tin, easy; spot and nearby, 42.25; - tutures, 41 Ifon, steady No. 1 northern, 24. ;:‘u id, steady; Zinc, steady; East St. Louls, spot and nearb; very, 6.25a6.30. Antimony, Direct to The Star Office. RAILROADS. Ann Arbor 4 .hll‘ High. Low. Closs. Atchlson gen Atchison aaj .FINKN_CIAIJ. | Grain, Produce and ‘ - Live Stock. LOCAL ‘WHOLESALE MARKET. l Cooler weather has increased the demand for meats. Good beef 1is high, extreme top prices prevailing for the ¢hoicest quality. There is no price on medium beef, dealers re- 4 % | ported, and the demand for such bee: 79% 9% 1014 101% 883 82% 84% 84 % 17 95% 96% 66% 65% 2% 72% 84% B4% 13 1s 112% 112% 78% T8% 100% 100% T actts. . BKIR T 7s 21 ot st ng Canadian North 7 Canad North Cent of Ga 6 Central Pacific 4s. Ches & Ohio cv fs, g:":gcvdv. .18 es 4%s.. Cnia Altan sor 3 95 9% 101% 101% 80% 80% 1024 101% 84% B4l Del & Hd 1st rf 4 83% 834 Del & Hudson 5%s Den & Rio G cn 4 Erie con ext 7s. Erle gen 4 Erle conv 4s Erie conv % 103% 1038% 51 50 3. 52% 62% Gr North gen 5% Havana ERL&P Hud & Man aj 5 Ill Central ref 4s. .. 111 Central 6%, Int Rap Tran5s... 1 Int Rap Tr Gs stpd. Int Rap Tran 6s. Int Rap Tran 7s. Int & G Nor a} 6 Int & G Nor 1st Kansas City 8 5 Kan City Term Lehigh Valley 6s Long 1sland rf 4s. Louls & N uni 4 Louis & Nash 7s. Louls & N Gs 2003. Manhat Ry cn 4s. . 80 80 102% 102% 7% 77 30 o Lt T P 89% 89y 107 107 95% 95 B5% B6% 03% 93K 19% 19% 102 101% 87% 87 T4 N 1% 6% R anSn NYCentcnds New Havencd és. 96% | New Haven New Haven s fr... Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3 Northern Pac Northn Paor | Northern Pac 5s D. O 8hort L cn 58’46, 5! Pennsyl gen 5s. . Pennsyl gen 4%3.. Pennsyl 6%8...... Pennsyl gold 7s. Peorto & Einc 4s. . Rapid Tran 90% 90 108% 108% 109 108y 27 26 Seab’d A L adj 5s. Seab'd A L con 6s..14 Sou Pacific 48 1920, s Union Pac cv 4s. Union Pac cv 6s. ‘Western Pacific 5s. Wheel & L E cn 4s Wisconsin Cent 4s. 7% TOTAL SALES (Par Value): 11a.m.. 2720000 12noon. 4268000 1pm.. 5776000 2pm.. 7120000 ——e FOREIGN EXCHANGE. October 8, 1923—12:05 p.m. (Quotations furnished by W. B. Hibbs & Co.) N Selling checks, today. Tondon, Montreal, Patls, frape. Brussels, franc. By the Assoclated Press. NEW YORK, October 8.—Foreign exchanges ad. Quotations (in United States doliars): Great Britaln, demand, 4.565%; cables, 4.56%; sixty- day bills on banks, 4.562%. France, demand, .0699%; cables, .0609%. Ital demand, .0452%; cables, .045 Bel- fum, demand, .05083 ; cables, .0508%. ermany, demand, .0000000012; cables, .0000000012. Holland, demand, .3931; 3 Norway, demand, .16‘:0‘ Switserland, deman 1353%; Gree .0149; ' Poland, demand, Czechoslovakia, demand, slavia, demand, .0115; Au 0014; Rumania, de- tine, demand, 970, Montreal, U. S. ENVOY IN HOSPITAL. i| Mintster ottrell, Accredited to Bo- livia, Recuperating from Operation XKNOXVILLE, Tenn., October 8.— Jesse 8. Cottrell, United States min- ister to Bolivia, is in a local hospital recuperating from operations on the throat and mnose, it was announced today. Minister Cottrell and his wife will leave the last of the month for New York, and immediately sail for Buenos Alres, en route to his post of duty, . 8% | grade of timothy and choice mixed is light. ' The market on veal was practically ‘morning, according to re- and a steady rise in the lamb market was reported. Steady to firm was reported of the condition of the pork market, with supplies being fairly liberal. The market on fresh pork has been par- ticularly strong the past week, due to changed weather conditions, while e demand for smoked meat has ightly decreased. Eggs—8trictly fresh, selected, can- d, per dozen, 42; average receipts, | 38a40; storage, 3: 2a33. Live poultry—Roosters, per 1b., 18; ib., 35; spring chickens, young, each, 50a r 1b. s. 26228, Dressed ” pouliry — Fresh killed spring chickens, per lb., 33a38; roast- ers, per Ib., 30a35; hens, per lb., 32a33; turkeys, per 1b., 38a40; kentlo young, er 1b.. ring. per 1by er 1| ng, per Ib., ¥4. L 00 each; live hogs, per Ib., 8%. Green fruits—Apples, new, per bas- ket, 50a2.50. Clll!o;finln. orang: per 5.0026.50; Florida, 3.00a6.00. per box. 6.00a7.00. Grape- t, 4.0026.00. Peaches, per basket, 1.26a2.50; half bushel basket, 75a 25. Grapes, Concord, twenty-pound ; Nlagara, 1.76a2.26; Colo- rado Lopes, standards, 1.00a2.00; flats, 50a75. Vegetables—Potatoes, per bbl 0a4.50; No. 2, 2.00a2.5 sweet potatoes, g . New York lettuce, crate, 1.00a1.75. Cabbage, north- 2.50a3.00 per 100 pounds; nearby, 1.7582.25 per bbl. Eggplant, per crate, 76a1.00. Tomatoes, halt bushel basket nearby, 26a65. Beans, 50a 5.00 per bbl. New York celery, per crate, 6.00a’ Squash, 2.00a3.00. Pep- pers, per crate, nearby, 50a75. Kale, per 'bbl, 75a1.00. Spinach, per crate, | 1.00a1.25, Home-grown lima beans, per quart, 20a30. New York cucumbers, per bushel, 2.00a3.00. Sugar corn, per dozen, 10a25. GRAIN AND PROVISIONS. BALTIMORE. Md., October 8 (Spe- clal).—Potatoes, white. 100 pound: 75a2.00: 150 pounds, 1.00a3.0 and yams, barrel, 1.00a2.75 26a50; by i 35240 2.50; eggplants, £ E onions, 100 lettuce, bushel, 75a1.25: -pounds, 2.00a350; peppers, basket, 30a56; squash, basket, 25a30; toma- toes, 'basket. '20a40: packing stoci bushel, 50a60; turnips, bushel, 40a Apples. barrel, 1.50a5.00; bushel 20a40: cantaloupe: crab apples, grapes, _basket, s, bushel, bushel, *1.2522.66: ba pears. bushel, 1.50a4.0! et, 15a : ’ 4 BANK'S BULDING CONMITTEE NAVED Federal-American in Further Step Toward New Home. Local Stock Trading. The first step incldental to the won - pletion of plans for the erection of the Federal-American National Bank's new home was taken this moming when John Poole, president of the institution appointed his builing committee. Besides W. T. Galliher chairman of the board; Mr. Poole will have to 'assist him Willlam" John Eynon, William G. Galliher and Albert E. Berry. This group will, it is ex- pected, begin functioning immedfately in order to report to the board of directors at the earliest moment. It is the intention of the ofcers and directors to make the fmstitu- tion's new building one of the finest structures of its kind in this section of the country, and no pains willl be spared to have it complete in avery detail. An ‘innovation of a most unusual local character is planned for the new bank. The main banking room,” con- taining the tellers’ cages offices with which the public comes into contact, will be on the second floor. Elevators, for the exclusive use of bank patrons, will be installed The first floor of the building will be occupied by stores. With the erection of the new Federal American building an even Dbrighter future than its splendid past is being predicted by officials of the institution. Bankers to Address Institute. Some of the city's ablest bankers will aid in ushering in the current season’s work of the local chapter. American Institute of Banking, which holds its initial session night at headquarters in Masonic Temple. Harry aynes, president of the District Bankers' Association, follow ing President Dulin's Introducto: remarks, will make a short address Charles ' J. Bell, president of the American ‘Security and Trust Con 11 _then present certificates car's graduates, while Victor Deyber, president of the Second National Bank, will present prizes to honor students of last vear. Dancing_will follow the business session, which will be completed by class enrollment. Treasury Issues Funds Call. National banks of the country have been ordered to pay into their region- al members, not later than tomorrow 20 per cent of the proceeds of the June 15 sale of Treasury certificates Wwhich remain on deposit in banks. This call will take from the banks approximately $24,541,300, leaving on deposit $98,165,200. The original ol ligation® was for $189,833.500, inclu ing $38,344,000 of exchanges; was six months’ maturity and bore inter- est at the rate of 4 per cent. and other tomorrow the New e 0: bask 25; grapefruit, box, 4.00a5.00; quinces, bushel, 1.75a2.00. Settling Prices on Graln. Wheat—No. 2 red winter, spot, 110%: No. 2 red winter, garlicky, spot, 1.07%; No. 3 red winter, gar- licky, spot, 1.043%; No. 4 red winter, garlicky, spot, 100%. losnclehflll’ lots of nearby sold at Corn—Cob, new, 5.25 barrel: No. 2 corn, spot, no quotations; track corn, yellow, No. 2 or better, 1.13 and 1.14. Sales—None. Oats—Na. 2 white, new, 521 and No. 3 white, new, & Rye—Nearby, 75a85 per bushe! 2 rye, spot, 81% per bushel. Hay—Receipts. 105 tons. For top hay the market rules firm at range to 28.00 to 27.00 per ton. The Penn- sylvania rallroal embargo on Ship- ments of hay to Baltimore was lifted today. s Straw—No. 1 tangled ry 16.00; No. 1 wheat, 1250a13.00 oat, 13.00a14.00. DAIRY PRODUCTS. BALTIMORE, October 8 (Special).— Live poultry—Spring chickens, Ib. 26; leghorns, 20a23; old hens, 18a leghorns, 18a2t l4a . Ducks, 1b., 17a35. Pigeons, pr. 20a25. Guinea fowl, ea., 40a85. Eggs—Loss-off native and nearby . doz., 38; southern, 36. ery, good to fancy, ; prints, 48a50; nearby cream- 42; ladlew, 34a35; rolls, 30a32; ked, 29; dairy prints, 30a32; process butter, 38a89. { CHICAGO LIVE STOCK MARKET. | CHICAGO, October 8.—(U. S. De- | of Agriculture)—Hogs— 60,000 ~head; mostly 15 lower; bulk good and choice 190 to 350, pound . averages, 8.00a8.25; top, £.25; desirable, 160 to 180 pound aver- ages, 7.60a7.90; better grades. 140 to 150 pound averages, 7.20 bulk packer sows, 6.86a’ weight slaughter pig: Cattle—Receipts, 30,001 erally 15 to 25 lower; top matured 12.50; best mixed vearlings. 11.00; other classes generally p—Recelpts, 25,000 head; fairly ; lambs, 26 to 50 higher; sheep generally fat native ‘lamb. 12.75a13.00; top to city butchers, 13.4f feeding lambs around 15.00a : No. 1 CHICAGO PRICES. Bank Insures Every Employe. The Federal-American Nationa! Bank has taken out a group insur- ance policy with a prominent life in- surance agency covering every officer and employe of the institution, it was learned this morning. Two _other banks field observe this u; tion. New $1,000,000 Bond Offering. S. W. Straus & Co. have purchase: and are offering an issue of $1,100,000 first mortgage 6% per cent two to twelve year coupon gold bonds of the Broadway and 108th Street Corpora- tlon, securgd by the land and a fif- teen-story “apartment building now being erected. Coupons are payable April 1 and October- 1. Local Stock Trading. Trading remained steady, and prices fairly even, on the Washington Stool Exchange today. Mergenthaler advanc- ed to 159%, but odd lots trading only characterized this issue. Gas was off at the market's opening but recovered to 49%, and Capital Traction stock was strong at 100%. Rallway preferred held at its previous figure, 71. In the bond department. Potomac Electric Consol 58 brought 97, and the 5 per cent bonds of Capltal Traction Company sold at 94. Gus 5s changed hands at 933, and the 68 of 1923 were firmer at 10 WOOL PRICES DOWN; DEMAND VERY POOR - Strange Situation in Spite - of Heaviest Export Trade Known in History. the Distri ue considera- in By the Associated Press. BOSTON, October 8.—The local wool market this week presents the anom- aly of lowest prices n the world without any sibstantial demand. One of the biggest and most sustained ex- port movements in history is under w. Dealers know that they could move considerable wool if they would listen to proposals for lower figures, CHICAGO, October §.—With con- tinued talk regarding goyernment measures for agricultural relief, wheat averaged higher_today during the early dealing. May delivery equaled its previous top figures for the season. S8elling Increased, how- ever, and temporarily brought about reactions. The opening, which varied from the e as Baturday's finish to % higher, December -1.09% to 1.10 and May 1.13% to 1.13%, was fol- lowed by general gains before any setbacks took place. Favorable weather had a hearish effect on corn and oats. After open- ing at % off to %a% up, December 76% to 75%, corn underwent a de- clded dro) Oats _started unchanged to % higher, December 486 to 48%a463%, and later showed slight losses all around. Provisions were easler with hog values. WHEA' High, Low. 1105 .09 1106 109 .78 ki oy % :tli ‘ll 0 12.25 24 20 1107 Suit for a limited divorcé and ali- mony was filed today in the District Supreme Coutt by Mrs. Helen R. Brooks against'Charles W. Brooks, a clerk in the Navy Department. They were married November. 24, 1917, and fave one child. Mrs. Brooks charges cruelty and says she was obliged to Jeave her hushand last Wednesday and took her ohfld with her. The husband has a salary of 5 owns real estate worth §! telis the ecourt., Attorney J. gan appears fdr the Wite, Bl B. Montague in a suit for an absglute divorce charges her husband, Gratton W. Montague, & conductor on the Washington Raliway and Blectric Company, _with misconduct. They were 17, IPM and have two children. The wite is repre- sented by Attorneys W. Gwynn Gardi- ner and J. ‘Tomlinson. but most of the supply Is in firm hands. Fleece wools continue in good demand and there has been a good .- deal of speculation in moils, which are '} quoted nominally at 70 to 78 cents. P CLOTH DEMAND BETTER. Dry Goods Trading, However, Still Slow—Prints Higher. Special Dispatch to The Star. NEW YORK, October S.—Added: ! strength was shown in the cotton 57 goods markets at their opening for this week, although, inquiries from Dbuyers continued in relatively 'smail volume. The 64 by 60 print- cloths were advanced a quarter of a cent in first hands to 10, cents. The mill quotations on 68 by 72 prints- con- tinued at 11% cents. : Trading in the raw silk market: continued light, owing to uncertainty #2 &s to conditions in Japan. Quotatjon: on Japanese silks were unchanged.’ but “canton silks were reduced 107 cents & pound: x —_—— CAPTURE DAIRY HONORS. SYRACUSE, N. Y., Ootober 8.—Min- nesote, students of agriculture carried oft sweepstakes prizes, taking first place against men of twenty-seven other , competing_tolleges and universities, in national contests in judging dairy cattle, held in connection with- the dairy congress now in progress here and under supervision of the dairy- division of the United States Depart- ment of Agriculture, & 2. BUTTER UNSETTLED. CHICAGO, October U“'?u?‘ 44; extra firsts, 4 tandards, 44; ex! 3 firats, 41a42%: seconds, 40a40%. Eggs—Unchanged; receipts, czleazt firsts, 30a34%; ordinary firste: 25826, SRR VR MILL PURCHASE PREDICTED, MILWAUKEE, October 8 (Spegia) —Negotiations are expected to completed within the next fortnight for the purchase of the Milwaukee: RoMing Mill Company and_ the Acme- Steel Goods Comipany of Chicagd b: the Inland Steel Com) 0.5 be