Evening Star Newspaper, October 11, 1923, Page 30

] \ { - ‘SOUTHERN RAILWAY . N SHARP DECLINE Delay’ in Dividend Action Causes Selling—Tires, Oils and Motors Weak. BY SBUART P. WEST. Special Dis;ateh to The Star. NEW YORK, October 11.—Activities on the selling side in today's stock market shifted from the leaders of the stecl, equipment and motor, Broups to other quarters. With the publication~of the latest copper sta- tistics, showing that in September .output had run 40,000,000 pounds ahead of consumption, the market for the metal developed further weak- ness, with quotations down to 12% cents ound, the lowest of the year. This was accompanied by further selling of Anaconda and talk that the $3 dividend would be in jeopardy un less there was a turn.for the better soon. y had by nesduy by the drop in Ans Rubbers and Tires Rubber 1 pre; rgain on the plea that the latest cut in Crude Rubber fur- ther complicated the inventory ques- tion. and rosted that write-offs against the full in the raw material Wwould be an important item when it | camesto figuring results at the year end. Goodrich preferred and common Wwere noticeably weak and Kelly Srringfield was down around its low. Word that the Southern Railway directors had done nothing about common dividend and would not take the matter up until the March meet- did not reach the street until i1y after midday, Southern Rail- way in the meantime had sold above in cxpectation of favorable action. Sonthern Railway Brenks. the news came out there was a rush to sank r: vouc figures for the ful not be available untgd the meeting in the s But WAl street in Dbearish mood interpreted the delay as due 10 a wish to see what Congre would do regarding anti-railroad leg- islation. and the good impression made by the Baltimore and Ohio divi- dend restoration was at least partially undone.; Railway shares had been from the start. When the railway directors d been heard from other rails w rather freely so0ld. Che! ak Ohio w nearly 5 points from its recent high and Baltimore and Ohio i points. 0il Group Alxo Weak. Oil_shares as a groug’were not re. Bponsive to the decrease reported for the last week in crude ofl output. On the other hand they were only slight- Iy affected by a sharp break occur- ring in Produsers and Refiners which carried the stock down within a point > low. The dividend was at the August mecting The talk was that it would be passed altog in N nd this was selling. But was the in- financing” t every in- )i The only explanation desire to await the year, which wou d wobbly time evitable rumor which accompan dividual bre, c A year ago there w per, no huge cop- rplus, but production, especially in South America and in Africa, has gcne on at an accelerated pace, with apparently nof practicgl done to curtail it. Important interbs industry have gone so far as to say that curtaiilment would not be en- cour: ed y them. The one thing copper shipments, both foreign and metal market, and just the opposite has existed. Septembér American Copper shipments, both foreign and Gomestic, were ' forty-five million pounds less than in August and seven million five hundred thousand less than in July, with the decline mostly in domestic shipments. Continental Can's Earnlngs. The significant thing about the earnings results of the Continental Can Company, as briefly reported to- day for the first eight months, is that | almost as much money was earned in that period without any revenue from tinplate included as was earned_in all of 1922 with approximately $1,250,- ~000 income from tinplate. For the eight months ended August 31 Conti- nental Can. after allowing for pre- ferred dividends, earned the equiv. lent of $7.20 per share on the out- tanding 360,000 shares of no par lue common stock. In 1922 the full year's results were $7.94 per share on the common. It is estimated that at least $10 a share will result from 1923 operations, At the November meecting of May Department Stores, it is said, there is little likelihood of -directors inereas- ing the dividend rate above the pres- ent $5 in spite of rumors to that ef- fect which have been heard the past several weeks. Earnings are run- ning at the rate of about $10 an- nually. MARKET CLOSES HEAVY. e — v Jersey Central Drons 19 Points. * Sales, 700,000 Shares. By the Associated Press, NEW YORK, October 11.—Increased liquidation of low-price shares, ported to be due in part to the calling of bank loans, undermined the re- sistance shoown by leaders in the early part of today's stock market, net losses of active issues ranging from 1 to 3 points at the close. Sales approximated 700,- 000 shares. The closing was heavy. Liquida- tion became more general in the late dealings and the whole list sagged to lower ground. Jer ping 19 points to 200. Short cover- ing over the holiday pulled up some of the stocks. - the industrial SELLS 176 SHARES FOR $3,520,000 ‘Widow of Organizer of Helvetia Milk Company Realizes Large Sum. By the Associated Press. ST. LOUIS, Mo., October 11.—The 176 shares of stock, with a par value of $100, of Mrs. Louisa Wildi of New York, in the Helvetia Milk Condensing Company, have been purchased for $3,520,000, it was announced here today. The stock was bought by other large stockholders. Mrs. Wildl's stock was left to her by her husband, one of the organizers of the company. It represented about one- third of the. entire stock of the com- pany, which thirty-elght years ago was organized with an original investment of $15,000. It also was announced that recently the company obtained nine shares of the stock from Timothy Mojonnier of Chicago for $20,000 a share. PARIS MARKET LIVELY. PARIS, October 11.—Trading was agtive on' the bourse tgday. Three pér cent rentes, 55 francs 90 centimes. - change on'London, 74 francs 70 cen- times, Five per cent loan, 74 francs 65 centimes. The dollar was quoted at 16 francs 44 centimes. BUTTER HIGHER TODAY. . CHICAGO, October 11.— Butter higher; creamery extras, 46; stand- ards, 44%; extra firsts, 41 firsts, 42%243%; seconds, Eggs. lower; receipts, 4, firsts, 30a34; ordinary, 26a2f, 11, under which the stock | i < off | in the | re- | cy Central drop- { NEW YORK STOCK EXCHANGE Recetved by Privat: Wire Direct 40 The Star Office Afr Reduction.. Alaska Juneau.. Alljed Cliem. ... Allfed Allis € .. Allis Chalm pt.. Am Reet Suga Am Beet Sg pt. . Am Bosch. ... | Amh Rrake Shoe. Am Br Shoe pf. . Am Caun. .. Am Can'pt. Am Car & Fdy,. Am Chicle Co.".. Am Catton O, Am Cot OV pt... Am Druggist. Am H & l.eapt. Am Ice.. . Am Internat’l. Am La France Am Linseed. . { Am Linseed pf.. | Am Locomotive. | Am Metals i % E zor. i Am Ship & Com. Am Smelting. Am Steel Fdy. . Am Sumatra. ... Am Tel & Teleg Am Tobaceo. .. Am Tabne «BY Am W W G% pf. Am Waolen. {Am Worlen [ Am ZInc & Lead | tnoesnda iAnn Arhor of. I Armour & Co pf. Srnold Consran Asso Ol (new). Associnted OlL.. Archimon. ... Atlan Cst Line Atlantie it { Atlantie Ref. .. At] Refining pf. §austin Nieno oy Auto Knitter.... Raldwin f.oco. Balto & Ohlo. Falto & Ohto pf Ravuk Bros. . uk Bro 1st p! ! Reechnut Pack Frth dreel i Beth St17% (n). vn Rap T p... { Pklyn Un Gas { Brown Shoe | Burns Bros (A) Butte Copper... Butte & Super, { Caddo ON. T Petrol. .. “allahan Zine Calumet & H(n) Canadian 'ac Central Leath ~ent Tenth nf Cent RR of NJ.. “erro de Pasco Chandler Mot. “hesan & Ohin Ches & O pfwi. Chi & Aiton... Chi & Alton pf. Chi & Fast Il Chi&ENIpL... Chi Ml & StP.. Chi MiL &St P pt Chi & Northwn. Chi Pneu Tool. . ChiR1& Pac. .. Chi R 1&P6% DI. Chile Copper... Chino Copper Cluett Peabody. Coca-Col | Coto Fuel. ! Folumbia Gas Columhin Graph 1Col Graph pf. “olumbn Carbos { Com Solv (A) Com Solv (B) Comp Tabulat. . Cons Ciggar. . .. {Cons Cigarpt.... « ons Gas of 43 20 24% 69% 18% 62 61 6% 46% 6 121% 116 25% 58% 87 380 11% 45 60% 43 109% 111% 124% 20% 67% Corn Products, Corn Prod pt. .. | Cosden & Co. . | Crucible Steel Crucible Stl pf.. Cuban-Am Sug. | Cuba Cane Sug. Cuba Cane S pf. Cuyamel Fruit. ] Davidson Chem. Ivel & Hudson D Lack & West. | Dupent (E 13 Eaton Axle & Sp Elec Stor Bat. .. | Endicott-John.. Erl Erlelstpf..... Erle 24 pf. Exchange Buffel | Fameg's Plavers Famous Play pf. Fd Mines&sS p! Fifith Ave But Fisher Body Fisk Rubber. Fleishman Foundation Co. Freeport Texa: Gen Asphalt Goodrich Goodrich pf Goodyear pt. Granby Consol. Gt Northern pf. Great Nor Ore Gt West Supt.. 104% Greene-Canan.. 16 Guif St Steel. Hartman Corp. . Houseb'd Prod. Houston Oll.... Hudson Motors. Hupp Motors. .. Iilinots Ceatral. 111 Central pf indiaboma. { inspiration ... .- {In Ag Chemical. In Ag Chem pf. int Cement. . Int Hagve: Int Mer Marine Int M Marine pt. Int Nickel. 1ntl Paper Intertype Corp. invincible Oi1 Iron Product: Iron Prod ct 1sland O Jewel Tea Jewel Tea Dt Jones Tea Kansas City S. . Kayser (Jultus) Kelly-Spr Tire Kelly-Spr 8% pt. henuecutt. .. Keystone Tir Kresge (8S). Lee T & Rubber. Lehigh Valley. . Lima Locomo. ... Loews Inc Loft Inc Meclntyre Por. .. Mack Trucks.,. 70. 30% 1T% 86 22% 80 32% 2% 228 15 60% 63% 168% 16% 21l{pson & Co. Man El Inv guar’ Manila El Corp. Maracaibo OlI. Market St prior. Marland Oll.... Marcin-Parry . Mathison Alklll. Maxwell (A)... High. Low. Close. 6.4 62% 62% W 62% 61t 61% | Mo Kan & Tex.. % 105% 39% 924 34 13 23% 71 108 B8%4 106% s 156% 154% % 43 65% 11 214 81 170 10% 14 1 3% 3% 16 64% 28% 104% 16 T4% 83% \ 2% 34% 16% 31 160 23% 17% 104% 108 2 264 1% 7 85 3 7 23% 1% 8l 31 1 € 18% 6 87% 8s 16% n 16% R434 68% 42% 80 97h% 5% 10% 65 34 0% 19 123 146% 147 62% 70 100% 22 16 22 68% 90 9% 9% 154 6 2% 64% n 27% 80% 169% 10% 18% 0% 1% 3% 16 B4k 28 104% 16% % 83% 2% 34% 16% 50% 4T% 3% 17 104% 108 1% 25 i w 106 89% 92% 84 73 3‘“ 1 103 90% 106% 165% 1 6 18% 6 87% 86 16% 1 16% 34% 63w 425 8014 98 5% 10% 65% 34 60% 19 123% 146% 147 62% 23 1% 304 31 8% a 43 % 16 65% 29% 17% 36 23% 80 2% 2% 228 15 62% 16% % 16% (69% 69% 28% 29 ‘32% 90 18% 65 28% 26 % 6 28% . bW 60% | Open. High. 25 - 26 1% 1% 126 124 80 30 2% 2T% 59% 59% 104 104 22 22 23 24 8% 8% 87% 87h 461 46% 4416 44 174 11T% 59% 59% 1% 1% 85% 85 86 36k 4T% 47w { Miavale Steel. . | Minn & St L (n). Mo K & Tex pf 3o Pacific pf... | Montana Rower. 1 Mont Power pf,,. ! Monte’y Ward.', l Moon Motors. .. Mother Lod Nash Motors Nat Biscult, Natl Enamel. {Natl Lena. ... Nat Supply pt. Nevada Copper. Or Tex & Mex N Y Afr Brake... NY Afr Brk (A). NYCanners.... 28% 28% NY Central,... 101 1014 NYC&StL'(n). 17 77 {NYC&StLpf(n). 90 90 NYNH&Harcfd. 12% 123 rfolk South.. 10% 1o Norf & Western 1024 102 North Amer 20% Nerth Am pf. 3% North Pacific. Ontario Silver. . Orpheam Cireult Otis Elevator Otis Steel. Owens Rottle . 8% 46% 44 116 583 ny 86% 6% 7% 2T% 100% | 6 89% 20 10% | 102% 20% 4a3m 55 L3 18% 122 7 42% Pacific Develop. Pac Gas & Elec Pacific O1l Packard M kard Mot pf. Pan-Am Pete. . Pan-Am P (B). Fennsyivania. . Penn Seabd Sti. Peoria & East.. Fere Marquette. Philadelphia Co PhJip Morris. .. Phillips Pete. .. Plerce-Arrow . Plerce Oil...... Pierce Ol pf. Pitts Coal ... ] 8 37% 12 93% Bih 54k 2% 1% % 4 2% 17% 8% 8 1% 17 61% 100 40% 111 48 204 38 43% 99 55 170 1% 365 11% 6% 54 £3% 85 9% 42% 19% 67% aan 27% 44 £64% L0m Bt 10% T G 5la 18% 9% 25 % 19 B4y 40 64 56% 528 6R% 14 61 324 116% 56 80 61 96% 15 8% 2% 8% 0% 56% 13 T4 10 101 34% 567 6% | W v Postum Cer Pressed Stl Prody Prod & Ref pf... Jih Service Pub Serv §% pt.. Punta Alegre. FPure Ofl. . Rapid Tran Sec Rap Tran Sec pf ray Con Copper Reading : Reading 1st pf. Reading 2d pf.. Remniington. .... Replogle Steel. Rup It & Steel. . nolds Spr. .. Fobae + B). Royal Dutch. St L Southwn Fr pf. outh pf. Schulte Stores { Seabonrd Air L. | seand A Lipf... Seneca Coppe! Shattuck-Ariz.. nlou. . Shell Union pf.. Simmons. . . Stmms Petrol Sloss. R So Porto Sugar. South Paclfic. .. uthern Rwy. . uthern Ry p* icer Mg Co. . St Ol of Callt Stand 9N ot N J. StOllof NJpf.. Sterling Prod. Stewart-Warne: Strombg Caro.. Studehaker Studebaker pf. . Submarine Bt.. Sweets Co ot A Tenn Conper.... Texas Company Tex Guif Suiph. Texas & Puclfic. Tex & P C & Oil. Third Avenue. .. Tide Water Oll. . 10 Timken Bearing 34% Tobacco Frod... 57 Tobacco Frod A. 87% Trans Cont Otl. . 24 TwinC R Tran. 6i% Underw'd(new). 354 Union Pacific. 129% 1 Un Tank Crpf.. 10% 1 ' | \ 641 3874 ; 128% 1074 | 30 1 168 I 38 i 36% B3 16% 50% y1 100% 36% Y% 105 B6% 119 57 14% 28 United Ry Inv. Utd Ry Inv pf. Utd Retail Strs. U S Cast I Pipe. © S Food Prod. U S Hoftman M. G S Indus Alco U S Reaity. U S Realty pt U S Rubber U S Kub 1st pf.. U S Smelt&Rel U S Steel.. U S Steel pf. Utah Copper. Utah Securitl vanadtum Corp. Va-Car Chem Va Ir C&Ck pf Vivadou. Wabash 33 Wabash pf (A). Western Md. 2d West Pacific. . West Pac pt. West Alr Brke Westhae Ei&M. Wheeling&L E. White Eag Oli. White Motor... White Ol1 Wickwire Wilson Co. Willys-Overld. Wwillys-Overl pt. Worthington. .. 76 86% 3% 15% b1 914 100% 36% 92 20% 86% 17% kY 20% 164 13% Gil sl &6l 613 2% 4% k) 5 31 16% 135% 56 814 b6 6% 22% 474 % 6 21 6% 59% 23% 6% | 18% 56 6% 22% 4T % L] 21 21 8% u% 59% 39% 8% 3% High. Low. Call Money..... 65 44 HOURLY SALES OF STOCKs. | 11am 177 800 12 m.......312 400 | 1pm 431 100 2p.m FOREIGN EXCHANGE. .« | Py the Associated Press. NEW YORK, October 11.—Foreign | exchanges steady. Quotatiogs (In U. S. dollars): Great Britain,%demand, 4.54%; cables, 4.55; sixty-day bills on | banks, 4.521%. France, demand, .0607% ; cables, .0608, Italy.. demand, .0456 cables, 04563, Belgium, demand .0518; cables, .0518%. ~Germany, de: { mand, .0000060002; cables, .00000U002. | Holland, demand,’.3929; cables, .2934. | Norway, demand, ?1563. Sweden, i mand, .2639. - Denimark, demand, '1764. | Switzerland, ‘demand, .1791. 'S &emand, .1360. Greece, 0150, .000001%. Czechoslovakia, {.0299. Jugoslavia, demand, 0117 Aus- | {tria, demand, ,0000014. Rumania, de- | mand, .0047.° Argentina, demand, { ‘.3275. Brazil, demand, .0375. Mon- | { treal, 98%. | It Was a Jar to Hubby. i From the Boston Transcript. - i A young husband criticized the ! blscuits his bride served him for| breakfast, employing the usual stere- { otyped comparison. Instead of weep- | {ing, as some brides would, she got: busy and as a result of her work|gq she set before him the next morn- ing a plate of hot biscuits. alleged to_be the real thing. “Now you've got it he exclalmed delightedly as he sampled the new lot. “These are exactly like moflhr“ used to make. How did you happen to_hit upon the recipe? “It's no great secret,” said his wife with glittering eyes. “I put in oleo instead of butter, used cold stor: eggs, dropped a bit of alum in the flour and adulterated thre milk. Re- pember, swestheart, that = mother ived before the emactment of the pure food:law,” 3N ¢ <3 [dav's closing quotations. A good deal of the buying was attributed to cover- American. steady. BONDSGOHGHER Anaconda Issues Again Weak—Tractions Hold Gains. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 11.—The most encouraging feawure of today's trad- Ing in bouds was the reports of suc- cess in the placing of new. issues. | Both Investment bankers and dealers expressed satisfaction at the-outlook. Speculation continues at low ebb, but investment interest in prime bond appears to be on the increase. The improvement is more apparent In trading “over the counter” than on the stock exchange. Anaconda Bonds Lower. Today’s dealings in listed bonds | were more or lexs affected by reports of trade conditions. , For instance, | the Anaconda Copper 75 receded frac- tionally in sympathy with the same ! influence which brought about the | decline in the stock. The mortgage secured 65 were much more steady. Speculation centers in the T because not only of the higher yield, but because of the conversion privilege. The loss. however, even in the case of the s was very small. Nor were American Smelting and Re- fining-5s and 6s affected, both being | sound investment Issues and selling on a 5% to 6 per cent basis. The pessimism as to the situation in the rubber and tire industry was reflect- ed in_another new low record for Ajax Rubber 8s. Tractions Hold Gi ! Traction securities held thelr gains of yesterday very wel ‘There especlally heavy trading in Hud: income Grande refunding s were conspicu- vusly bought at advancing prices. Seaboard Air i steady around 3 y levels. The fallure of the directors of the Southern railway to act on a divi- dend on the common stock was not helpful to the more speculative rail- way bonds, indicating less confldence in the future than was shown by the Baltimore and Ohio directors. Both the New Haven and the St. Paul is- sues were heavy. Eric bonds were reasonably steady. overnment Loans Higher. United States government loans showed a tendency to advance and the high-grade rails and industrials were inactive but firm. There was no evidence in the bond market of any prospective increase in money ‘rates. Foreign bonds were little changed. Present prices seem to have balanced present yields against the obvious risks. OTTON FUTURES SHO FRMNESS Quotations Higher Because of Unsettled Weather and Bullish Cable News. 1 By the Asmociated Press. NEW YORK, October 11.—The cot- ton market showed renewed firmness during today's early trading, owing to relatively firm cables, apprehen- sions of unSettied weather in the southwust over tomorrow's adjourn- ment, and bullish spot advices. The opening was 20 to 30 points higher on all months except September, which was unchanged. December ad- vanced to 28.24 and January to 21.70 or about 30 to 34 points above yester- 1ug, but a further trade demand was 150 reported. and advices reaching | here from the south said there was a | good demand for spot cotton. New Orleans Prices Advance. | NEW ORLEANS, October 1.—Gen- |{ eral buying entered the cotton market | today and in the first half hour of the | session it lifted prices 32 to 34 points | to 27.80 for December. Cables were better than @@e, the scattered showers over Texas were regarded unfavorably and uneadiness was felt concerning the storm area central over extreme west Texas. Considerable covering by shorts was done, apparently be- cause of the holiday tomorrow and fear that the weather over it might be unfavorable. Quotations at Noon, NEW YORK, October 11.—Cotton fu- | 1 5 a.m.: Bid steady. Octo-| : December, 25.19; January, arch, 27.73; May, 27.73. ORLEANS, October 11.—Cot- | ton futures, noon: Bids, steady. Oc- tober, 27.80; December, 27.65; Junuary, 27.47; March, 27.40; May, 27.29, SOUTHERN PUTS OFF | DIVIDEND ACTION| Directors Delay Consideration Un- til March Meeting—Await Full Reports. By the Associated Press. NEW YORK, October 11.—Directors of the Southern rallway today post- poned until March consideration on the question’ of declaring a dividend on common stock, Stockholders, meet- ing in Richmond, Va., last Tuesday, had asked that attention be given the matter. The directors discussed the ques- ion today in a preliminary way, but decided to postpone further conslder- ation until the spring, when they will have before them figures for the full s appointed to replace L. Green as| vear. H. Shaw, traffic manager, ice prestdent in charge of traffic. ir. Green becomes assistant to the | i MANUFACTURERS NAME SPECIAL “CANDY DAY” Special Dispatch to The Star. NEW YORK, October 11.—Millions of pounds of candy will be sold and dis- tributed on - Saturday, sclected as “Candy day,” by manufacturers, job- bers and retailers. Special prieés “are being oftered. for-displays and in many | cities sales will be-heavily advertised. | ousands of pounds of candy will be tributed to hospitals and orphanages. LIVERPOOL COTTON. LIVERPOOL, October 11.—Cotton— Spot. improved business; prices firm. Good middling, 18, 16.56; middling, 16. 115110 ‘Recelpts, 2,000 bales, including 500 closed very 86; fully middling, d rdlnl; 15‘04‘1' m"gm' Ty, 15.41; or % es, 4,500, American. Futures Qctober, 5 Jan ‘Denmark 8 i Calif Pete 63%s w i. | Indiana Steel 55 ! Int Mer Marine 65. | Lorillard (P) 6s. CTOBER 11, 1923. BONDS sroe< Received by Private Wire (Bales are in $1,000.) UNITED STATES BONDS. (Fractions _represent _thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Lib3%s...... 68 Libist4s..... 1 Lib1st4%s.. 37 Lib2d 4%s... 161 Lib3d4%s... 135 Lib £th 4 .- 840 US4%s1952. 170 FOREIGN. Sales. High. Low. 101% 101% 88% 88% 100% 99% 97 96% 100% 100% 108% 108% 88 79 - T8% 93% 99% 100% 100 9914 103% 103% 103% 95 89% 91%. 93% 108% 97 91% 9RT4 964 90 9% 94% 03 R214 96% 93 1Y% 78% T8% 19% 9% 52 30 97% 110 96% 9474 73 5% 107% 100% 911 0% 96 98% b 674 82% 124% 63% 1nz 1014 101% 1084 MISCELLANEOUS. Ajax Rubber 88 7 90 Am Agr Chem 7ls 6 99 Am Chainsf6s'33. 6 3 Am SmIt&R 1st 5s. 16 AmSmIt&R 6s.... 14 Am Sugar Ref 6s.. 15 AmT & Tev 6s. AmT& Tcltr5s. AmT & Tcltrds. Am Writ Paper G Anaconda cv db 7s.156 Anaconda 1st 6s... 57 Armour & Co 4% Barnsdall s f 88 Bell Tel Pa bs. . Beth Steel 5%s'53. Beth Steel rf 6s... Beth Steel s f 65 Brier H St 1st 5143 Bklyn Edison 7s D. Bklyn Ed gen 5s. Bush T Bldg 58 ‘60, Close. 99-18 97-10 97-11 97-10 98-8 97-13 98-29 Low. 99-18 97-10 97-10 97-10 98-8 87-12 98-25 Close. 101% 58% 99% 97 100% 108% %8 9% 19 93% 100 }Dl 00 994 103% 103% 104 95% 89% 917% 3% 109 97 9% 974 | 6% 90 i 99% Argentine 7s Austria 7; Belgium 6« Belgium 8y Canada 5%8 1929.. 30 | ‘anada 58 1931.... 8 581952.... 33 .8 Chile 85 1926 Chiie 85 1941 Chile 7s 1943 Copenhager®5%. Cuba 5%s ctfs. Czechoslovak! Denmark 6s.. ... Dutch ©156%s.... Dutch East I 6s'47. Dutch East I 65'62. Framerican 7%s. . French Govt 8s. French Govt 7% Haiti6s...... Holland-Amer 6 Ttaly 616=1925. ... Japanese 1st 43%s. Japanese 2d 4 Japanese 4s. Jergen U M 6 LyonsSs. .... Marseill Mexico & Mexico 4s Netherlands 6s. Norway 8s. . Norway 6s 1943. Norway 65 195 Paris-Ly's-Me Prague 7%8... Queensland s Queensland 6s. ... Rio de Jan 8= 1948. Rio de Jan 8s 1947. Rio Gr Do Sul §8 Sao Paulo.State. Seine, Dept of, 7 Serbs Crotes Slo 85 Sofssons 6s. Swiss Confed 83 Tokio 5s.. Ud Kingm § Kingm 51537, Uruguay 8s. g Zurich 8s. . 88 SowSmpn Central Leather 5s Cerro de Pasco §s. Chile Copper 6s. .. Commonwth P 6s Con Coal Md 1st 5s. Cuban-Am Sug 8s. Cuba Cane cv d 8s. Cuba Cane cv 75 '30 Det Edison ref 6s Donner Steel 7s u Pontde N 7 Duquesne Light 6s 3 3 K Empire G&F 7%s. . i Fisk Rubber 8s. ... i Gen Elec deb 5s. Goodrich 6%s. .. Goodyear §s 193Y. Goodyear 851941 Hershey 65 1942 Iliinols Bell 1st —- e [ mopEnORoRaanag Int Paper 1st 5s B. Kelly-Spring Ss. Lackawa S 58 '50 Liggett & Myrs bs. | 108% H RAY 964 96 97% 99% 105 851 944 99 97 108% 82 1044 1054% 93% 1% 89 100% 107% 97 89% 90% 100 89% T3 1011 109% TR 109 9914 3% 88 961 96 B2% 1 94% | 100% 95 92% 1 105% i 106 | 97 111 B84 ) 105 | 101% 87% 95% B86% 69 102% 108% ¢ 107% 924 964 ! 9614 3 i U3y % Ty Manati Sug sf T%s Marland Oil 8: Mer & Mfg s £ 73’42 Midvale Steel 5: Montana Power 5s. Nat Tube 1st bs.... New Eng Tel N Y Edsn 1st 614s. NYG EL H&P 4s.... N Y Tel 4%s. N Am Edison 6s Nor States Pow Nor States Pow 6 Northwst B Te. is. Otls Steel 8s. Pacific Gas & El 5 Pacific T & T 5562 Phila Co ref 6s A Phila Co 5% '38. Plerce-Arrow 8s. Producers & Rf 8s. Producers & R 85 w Public Service 55 Punta Alegre 7s. Sharon St1 H 8s. Sinelair Oil Ts. Sinclair Oil 63gs. Sin Crude Oil 5% Sin Crude Ol 6s. Sin Pipe Line 58. South Bell Tel 6s. So Por Rico Sug 7s Sug Est Orlent 7s.. Tenn Elec Pow 6s. Tobacco Pred st 7s Toledo Edn 1st 78, Union B3 & P 63 Unit Drug cv 8s. U S Rub st rf 5s.. U S Rubber 7% U S Steel s f 5. Utah Pow & Lt b: Vertientes Sug 7 Va-Car Chem 7: Va-Car Ch 7%s ‘Warner Sugar 7s.. West Union 6%3 ‘Westinghouse 7s. . Wickwire Spen 7s. ‘Wilson & Co 1st 6s. Wilson&C cv 7% Youngstn S& T 6s. 84 Conscience That Works. 1 From the London (Ont.) Advertiser. The Dominion Transport Company of Montreal has received three let- ters from the same person, two of | which contained $4 and the last $10, with the explanation that the money belonged to the company and could be classed as conscience money. These people who send in conscience | money would ‘be worth meeting. There Is something substantially { worthwhile about them as there is in | every man who™tan claim .possession of a conscience that still functions according to original specifications. A mental equipment that causes a | man to retrace his steps in order to undo an act that was wrong is well worth having. There are too many seared ¢ohsciences that glory In the fact that they “put one over” on the company. < May this troubled conscience idea increase in severity and in the scope of its actio: F PP Rubber is used in no fewer than }33,000 articles. % - - PURNORBANN NNHNSBIANNNHNBRNO N ® omRoanpowe = e aanmONASOS - Direct to The Star Office. RAILROADS. Sales. High. Low. Close. 87% 87% ,87% 9% 19 9% 86 86 56 81% 81% Bl 96k 96 6% 9% 9% 9% 101% 101 101 834 82% 82% B4% B4k 84W 95% 95 95 2% 2% 2% 3% 113% 113% 79% 19% 19% 954 954 954 85 B4% €5 88% 88 88 874 86% 874 83% B83% 83% 54% Bi% Be% 31% 1% 81% 84 83% 84 99 98% 99 76% T6% 76% 45 A4% 44% 51% 51 51 < 57% 6% 5% T4% 74 74 56% 55% 66 2% T2% 8% T8% 108% 108% w7 % 6% 74 88% 1021 101% 1011 9 80% B4y 84 97% 69% £3% .43 85% b57% 104 49% 52 52 Atchison adj 4 Atlantic CL 1st Atlantic €L cl 4 B& O SW iy 3% Bklyn R T bsctfi Canadian North 7 Canad Pac deb 4s Car Clinch & G 6s. Central Pacific Ches & Ohio ev fis Ches & O cv 4% Ches & O gn 4% Chi & Alton 3s. ... Chi & Alton 3%s.. 12 Chi B&Q gn 4s'58. 2 Chi B&Q1strf5s.. 5 Chi & ETll gn GhiGreat West 4s. 19 Chi M &St P rf 4%3 15 Chi M&St Pcvbs.. 2 Chi M&St P 4s8°25.. 17 Chi M&S P ev 4 18 Chi M&St P 4s'3.. 1 CM &St Pgn 4145..10 Chi & N W 6% Chi& NW 17 Chi Rys 58 Chi R1& P gn'4s.. 41 ChiRI& Pacrf 4s 17 Chi Un Sta 4%s... 11 Chi & W Ind 73%s CCC&St L rf 65 A. Cleve Term 5%s. Cleve Term 5s. Colo & Sou 418 ba R R bs. Del & Hd 1st rf 4s. Del & Hudson 538 Den & Rio G cn 4s. D & Rio G imp 5: D&RGIstre5 Det United 4%s Erle 1st con 4s Erle con ext Ts. Eriegents.... ;-‘ le conv 4s B. Gr Trunk sf db Grand Trunk 7s. Gr North gen 7s. Gr North gen 5%s. Hud & Man ret 68. | Hud & Man aj 5s. Il Central ref 4s. 11l Central 53 Int Rap Tran Int Rap Tr 5s tpd. int Rap Tran 6s Int Rap Tran 7s Int & G Nor aj 6 Kan City FtS 4s. Kansas City S5 Kan City Term 4s.. 1 Lake Shore 4528 9 9 Market St cn 5s Mil El Ry & L 58. M& St Listrf 4s Mo Pacific gn 4s. Montrl Tm ist 58 NOTex &Min N Y Cent deb 6s N Y Cent deb 4s NYCentriss. New Haven cd 6s. . New Haven d 4s 57. 25 Ry aj 53 N Y Rysadj 5s ct N Y W & Bos 41¢s. Norfolk & W cn 4s. Northern Pac 4s. Northn Pacr i 6s Northern Pac 5s D. 16 OShortLcn 5s'46. 1 Ore Short Lref 4s. 13 Ore-Wash 1st rf 4s 53 Pennsyl gen 6s. Pennsyl gen 4%s Pennsyl 63! Pennsyl gold 7s. Pere Marq 1st 5s... 2 Pere Mrq 1st 4°56 1 -9 89% 82% 103% 92% 100% 92% 9% 99% 90% 108% 1084 94 1% 67% 87 634% 3% 83% 66% 81 56% 70% 98% 4% 76% 75 % 45% 34% €6 2% 85t 8214 S4% 68% 101% 101 1% 91% 81% B1% 95% 95% 102% 1024 93% 93% 86% 85 9% 95 59 59 79 79 8% 78% 59% Rapid Tran 6s. Reading gen 48 Rio.G West cl 4s. RIArk & L4%s... StLIM&S4s’29.. LSWilst4s St LS W con 41°'32, 36 StP & KCShL 4%s. 4 San A& Arn P4a.. | Seab’d A Liref 4s. g Seab’d A L adj bs.. 10 Seab'd A L con 6s.. 21 Sou Pacific 4s 1929. 30 Sou Pacificref4s.. 7 Sou Pacific cit 4s 2 Southern Ry 1st 63, 27 Southern Ry gn 4s. 34 Southern Ry 6%s.. 18 Union Pac 1st 4s... 16 Union Pac 1strf4s 2 Union Pac ev 4s. 27 Union Pac cv 6s. 5 Virginia Ry 1st 6s. 2 VaRy & P 1st5s... 26 Wabash 1st 5s. ... 10 ‘Western Md 4s. . 4 ‘Western Pacific 5s. 2 West Shore 1st 4s.. 10 Whecl& LEcnds. 2 2 59% Wisconsin'Cent 45. 1 7o% 7.% TOTAL SALES (Par Value): 1la.m.. 1578000 12noon 2848000 1p.m.. 3840000 2pm.. 4711000 WHY SHE GOT UNDER TREE. From the Kansas City Star.. Mary Ethel's father had caught her under a cherry tree eating of the for- bidden fruit. “Didn’t your mother tell you not te eat any more cherries?’ he demanded sternly. “Yes, father.” “Then why did you disobey her? 1 didn’t think she would see ‘me, the candid answer. ut God is always watching you,” the father reminded her with awful solemnity. “Yes, 1 know. under the tree! W That's why I got e il g Humiliation Either Way. From the New York Commercial. It an American ambassador to any of the great natlons should attempt to live within the income provided for him by Congress and keep his expenses within the appropriation so niggardly provided, it would be a source of constant humiliation to Americans abroad and to the gov- ernment at home and beyond all doubt it would lessen American pres- tige to. be so shabbily represented., Our Presidents have realized this for a long time, and td overcome it have been compelled to appoint men of large wealth to such positions, who were willing to invest whatever additional sums were needed out of their own personal funds to adequate- | Iy represens the nation in exchange for the honor conferred upon them. It | 3 is a_question as to which is the grea! er humiliation, to be classed among the shabby gengeel. of for a great and rich nation to be saved from the ef- fects of its own penuriousness.by the contributions of wealthy, men. The Bonus Epidemic. From the Marion Star. Now we are to cure all ills and restore equality by some sort of bonus. The latest proposal is a baby bonus, to be paid to parents who add to the popula- tion of the country. We are to have a wheat bonus to make up the loss to the grain growers, a raisin bonus to make up the loss of the raisin growers and a soldiers’ bonus to adjust the compensa- tion of those who went to France while others took advantage of the situation to profiteer at home. All ‘else that needed is a taxpayer's bonus to cov the difference between the taxpay %income and the amount of his taxes. NCIAL, —xcaancs || Grain, Produce and! Live Stock LOCAL WHOLESALE MARKET. Green peppers, green tomatoes, cu- cumbers and onlons are in demand at this season for pickling purpos iDealers are recelving ample supplies of peppers, onions and tomatoes, but cucumbers, owing to the dry weather, are scarce. Ripe tomatoes also are in demand for catsup and certain relishes. They are being received in quantities suffi- clently large to meet all demands, and prices are quoted as reasonable. Supplies of caulifiower are being received, chiefly from Long Island. Dealers say prices are fairly reason- able, but it is probable that cheaper prices will rule later in the season. Eggs—Strictly fresh, selected, can- dled, per dozen, 42; average receipts, 38a40; storage, 34a35. Live poultry—Roosters, per Ib., 18; turkeys, per 1b., 35; spring chickens, per 1b., 27; keats, ‘young, each, 50a 70; fowls, per Ib., 26a28. Dressed = pouliry — Fresh killed spring chickens, per Ib., 33a35; roast- ers, per Ib., 30a35; hens, per Ib., 32a33; turkeys, per Ib., 38a40; keats, young, each, 80a85; roosters, per Ib., 20. Live stock—Calves, choice, per 1b., 123;a13; medium, per lb., 1lai2; thin, per Ib., 8al0, Lambs, spring, per Ib.. 14. Live pigs, 3.00a5.00 each; live hogs, per Ib., $%. Green fruits—Apples. new, per b; ket, 50a2.50. California oranges. per crate, 5.00a6.50; Florida, 3.00a6.00. Lemons, per box, 4.00a5.00. Grape- fruit, 4.0085.00, Peaches, per basket, 1.2542.60; half bushel basket, 75a 1.25. Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, 25a 30: Colorado Lopes, standards, 1.00a 2.00; flats, 50a75. Vegetables—Potatoes, per bbl. No. 1, 3.50a4.00; No. 2, 1.50a2.00. Potatoes, round, per bag, 2.75a3.00; New Jersey giant potatoes, per bag, 2.50a2.75; sweet potatoes, 3.50a4.00 per bbl. New York lettuce, per crate, 1.00al.75. ~Cabbage, northern, 2.25a2.50 per 100 pounds; nearby, 1.50a2.00 per bbl. Eggplant, per crate, 75a1.00. Tomatoes, half bushel basket, nearby, 25a65. Beans, 3.00a 6.00 per bbl. ~'New York celery, per crate, 4.50a5.50. Squash, 2.00a3.00. Pep. pers, per crate, nearby, 50a76. Kale, per bbl, 75a1.00. Spinach, per crate. 75a1.00. Home-grown lima beans, per quart, 30a35: New York cucumbers, per bushel, 2.00a3.00. SugaF corn, per dozen. 15a30. 5 GRAIN AND PROVISIONS. BALTIMORE, October 11 (Special). —Potatoes, white, 100 pounds, 75a2.00; 150 pounds, 1.00a3.00; sweets and yams, barrel, 1.00a2.75; basket, 25a50; beans, bushel, 1.00a1.75; lima bean bushel, 1.25a1.59; beets, 100, 3.00a5.0 broccoli, bushel, 15a25; cabbage, 100, 4.00a6.00; carrots, 100, 4.00a6.00; cauli- flower, _hamper, £.75a3.00; celery, doz- en, 35 corn, dozen, 12a20; cucum- bers, bushel, 1.25a2.50; eggplants, bas. ket, 35ad lettuce. bushel, 75al.2 onions, 100 pounds, 2. : kal bushel, 15a25; peppers, basket, 25a6 squash, basket, 15a25; tomatoes, bas- 40a50; packing stock. bushel, §5a turnips, bushel, 50a60. pples, barrel, 1.50a5.00: b basket, 20a40; cantaloupe: 2 bushel, 50; damson: bushel, pears, bush- grapefruit, bushel, 1.25a basket, 50a1.01 basket. 15a: .40; quinces, Settling Prices on Grain. 2 red winter, red winter, garlicky No. 3 red winter, garlicky, No. 4 red winter, garlicky, spot, spot, spot, spot, —Bag lots of nearby sold at 1.00 and 1.05. Corn—Cob, old, 5.25 barrel; No. 2 yellow, No. 2, old or better, 1.18. Sales—None. Oats—No. 2 white, white, new, 51. Rye—Nearby. 5 2 rye, spot. $034 per bushel. Hay—Receipts, 78 tons. The hay market is firm for the better grades of timothy and light clover mixed. There is a fairly constant demand at the following quotations: No. 1. tim- othy, 27.00 per ton; No. 2, 26.00 and 26.50; No. 3, 23.00 'and 21.50; No. light clover, mixed. 25.50 and 26 0. 2, 22.00"and 23.00: No. 1 clover, mixed, 25.00 and 25.50; No. 1 clover, 2200 and_ 23.00. Straw—No. 1 tangled rye. 16.00; No. 1 wheat, 13.00a14.0 oat, 14.00215.00. An increase of 15 cents per barrel on western grades of winter patents, 10 cents per barrel on winter straight, spring patents and spring straight, and 10 cents per barrel on hard winter pat- ents and hard winter straight was an- nounced this morning. DAIRY PRODUCTS. MORE. October 11 ¢ oultry — Spring pound, 22a26; leghorns, 20a23: old hens, '18a27; " leghorns, 18a22 roosters, 14a15; ducks, pound, pigeons.” pair, 20a25; guinea fow each, 40a65. Eggs—Loss off; native and nearby firsts, doz., 28; southern, 36. Butter—Creamery, good to fancy, pound, 44a473%; prints, 48a50; nearby creamery, 38a42: ladles, 34a35; rolls, 30a32; store-packed, 29; dairy prints, 30a32; process butter, 38a39. new, 53; No. 15.00a No. 1 BALTI —Live ickens; CHICAGO LIVE STOCK MARKET. CHICAGO, October 11 (United States Department of Agriculture).—Hogs— Receipts, 30,000 head. Mostly 10 higher; bulk, good and choice, 190 to 3256 pound averages, 8.00a8.1 prac- tical top, 8.15; better grades. 140 to 180 pound averages, 7.50a7.90; pack- ing sows, 6.80a7.00; weighty slaughter pigs, 6.50a7.25. : Cattle—Receipts, 8,000 head. Fairly active; killlng quality plain: bulk, fed steers and yearlings, 9.50210.50} other classes generally steady; fal she-stock more active; bulk, vealers to packers, 11.50a12.00; few welghty bologna bulls, 4.65a4.75; bulk, 4.25a 4.50; stockers and feeders moderate at_week’s decline; bulk, 5.25a7.00. Sheep—Receipts, 26.000. Slow: fat lambs, uneven, mostly weak to 25 lower; choice natives to packers u {ward "to 13.50; sheep and feedl lambs steady to weak; good to choice feeding lambs, early, 12.75a13.00. | TODAY'S CHICAGO PRICES. CHICAGO, October 11.—In the ab- jsence of any new bullish develo {ments, wheat vrices tended down- ward today during the early dealings, Bears put some stress on reports of increasing economic and political strain in Germany. Opening prices, which ranged from % lower to a shade auvance, with December 1.09% to 1.09%, and May 1.13% to 1.13%. were. folildwed by slight general up- turns and then by a moderate set- back all around. - Although December corn touched a new high price record for the sea- ison, the market soon reacted as a result of profit-taking sales. After opening unchanged to 8 higher, December 77 to 773, prices advanced {0 78 for December and then dropped to i about the same as yesterday’s finish. Qats paralleled the action of corn, but kept within natrow limits, starting %a % higher, December 43% to 43%, and later falling back again. Provisions were dull and without material change. WHEAT— | December | oy Close. 1.00 113 110% .78 s 6% 1148 1108 095 118! . sz CHICAGO, October 11.—Potatoes— w Teceipts, 99 cars; total United States shipments, 1,473; Wisconsi sacked and bulk round whites, No. 1.10a1.25 cwt.; Minnesota -and North Dakota_secked and bulk No. 1 and artly graded, 1.00al.1¢ cwt.; Minne- Rota ‘and North Dakota sacked red Fiver Ohio's. No. 1, 9081.05 cwt.; do. bulk, 9081.00 cwt. ' T T ° corn, spot. no quotations; track corn, | per bushel; No. ! RAILWAY COMMON 13 QUIET TODAY Local Stock Exchange Turns Dull—Tomorrow Mar- ket Holiday. A greatly reduced trade volume, in contrast to yesterday's interesting session, was witnessed on the Wash- Ington Stock Exchange. Only a small representation of brokers were preg- ent, sickness and out-of-town busi- ness claiming the absentees. Prices, however, remained firm. Common stock of the Washington Railway and Electric Company was }yullv}? as to actual sale: the asked” price, however, moving up- ward to 69%. The preferred issue was strong at 71. Capital Traction stock again sold at par and a half, but Lanston was slightly easier at %. Washington Gas s of 1933 furnishi- ed the only activity in the bond d- partment, “selling at 100%, inter- spersed with a small-lot sale at pa and an eighth. Record Banking Power. The banking power of the Unit States, every phase being taken i consideration, is now greater than : any previous time in the history the country, writes D. R. Crissin Bovernor of the Federal Rese Board, in the current issue of magazine of Wall strect. Recent flgures on the resources of state banks are not available, but i the end of the last fiscal year the sources of the national banks wer $21,511,766,000, as compared with tl peak of $22,711,375,000 on Decemb, 31, 1919, but while the volume of 1 sources is slightly less now than the climax of the after-war I no one would dispute that real | ing power is greater. The peak ures, it is explained, show the ting forth of an excessive effort day's figures reveal controlled eff. and great reserve potentiallties The banking power, resting on tal resources of more than $50.00 000.000, as shown by the statistics also supplemented by the fin aid that is being extended to agric ture by the recent amendments t farm loan act. With this Jattor the banks are in a position Lo m the proper financing requiremer the nation with ease. Another Stock Offering. Bonbright & Co., Incorpora today offering an issue of $1.50¢ of the Tennessee Electric Power (o pany 7 per cent cumulative first 1 ferred stock at 91 and acerued div dends, to bout 7.70 per cent. The company controls one of most extensive and important of properties in the United S = gaged in the generation, transmissic and distribution of electric eneres largely from power. Durin the past fiv the hydro-electric stations hav pplied over rer cent of the total electric output the system. Gold Stock Increases. The gold stock of the United S increased $26,413,913 in September tn $4.1 466,45 new high record. The increase since the first of the year totals $201,990,841, with consist- ently large gains in the last five months, i For the first six igain_was $115,67 s 3 a mont {thr. onths the g: $86 : an average of $28,771.853. me of {the imports in September were sup- onths of 1923 the . an average of for the me: g iposed to be for the account of rBit- ish government in connection with in- terest ments to the United States. 1 Markets Cloxe Tomorrow. The principal markets of the eoun- try, including the Washington Stock Exchange. will remain closed tomor- row, the holiday being occasioned by Columbus day August Earnings Report. The American Telephone graph ~ Company has operating income of $2,436.741 for the month of August, 1 to the Inter- state Commerce Commission. This is a gain of $42,053 over profits for the Isame month of last year. For the eight month: Ing with August. the earned $20.544.347, an $2,636,743 over the sponding eight months’ period of last year. peri com Market Flashes at Today’s Close The United States Industrial Alco- : { hol Company announced a further ad- vance of 2 cents in quotations on al- cohol today, the price being 37 cents a gallon. “I will not resign now from the di- {rectorate of the New York Central or the Iilinois Central,” said Mr. Lovett after the Union Pacific hoard meeting, {“although I have not decided what I shall do after my resignation as chairman of the Union Pacific execu- tive committec becomes effective, after January 1.” new New York bank clearing 000. New York bank bal 000,000. New York Feder: Bank credits, $71,000,000. Boston bani clearings, $55,000,000. Daw & Jones' closed contract Motors for starting cquipment for 1924 for 18,000 sets. Bo: 2 order with Yellow Cab Manuf: Compan; truck magneto business up to August 1, 1924, calling for 6,000 to 9,000 mag- netos. Orders on hand indicate 1924 may be biggest year in compuny's history.” ‘Bdsch Ma Rickenbacker and lighting { . Building in 152 cities in the United States in Septcmber amounted to $198,942,935, _against $224,624,218 in August and $181,369,342 in September, 1922, according to Bradstreet. Secrctary of arriculture Wallace formulated plan for receiving wheat farmers. Calls for formation of gov- ernment co-operation to market sur- plus abroad. Auto Knlitter Hosiery Compuny’s net profits of $109,527 are equal to $1.09 a share for six months ended June 30. Reading Company declared regular quarterly 1 per cent first preferred dividend, payable December 13 on | Stock of record November 27. Floor brokers who have watched | the trading say that the short inter- est has been considerably increased today and that the outstanding short interest in the general industrial list is the largest of any time sinc present downward movement in market began. WOOL TO SUIT IN A DAY. Shearing and Making of Clothes | Occupy Period of 14 Hours. In numerous industries there have been conspicuous examples of what can be accomplished in the way of speed when human energy as well as me- chanical appliances are put to the test agalnst time. For exampie, an English baronet once wagered that he would dine at 7 o'clock in a sult of clothes made from wool which had been growing on the sheep’s back the same day. Operations began at b o'clock in the morning with the washing of_sufficient sheep to provide the wool. From a neighboring factory the wool was returned gs cloth late in the afternoon, but early ‘enough to per- mit of a tailor and his assistants com- pleting the sult by 7 o'clock, in plenty of time for the baronet to don it pre- pu::‘furv to sitting down to his evening