Evening Star Newspaper, October 17, 1923, Page 27

CNARTIARENC I rIRIRNGTABIFTINANAZABRAAY | FIN STOGKS N BREAK, -~ THENINAEBOUND " “New Laws Early in Session Follawed by Sharp Up- turns in Values. BY STUART P. WEST. ®pecial Diggatch 1o The Star, NEW " YORK, Optober ®tock market today demonatrated, witer a further drive in the early trading, thai the leading industrials were encouptertng the same support that had appeared when they were around the same low levels, tirst in July, second in Aygust and then #gain in September. During the firsg bour fresh selilng ocourred ;n so,aa of the rails and a sharp attack was made upon the motor and tire gtocks, It soon became appavent ‘aat if it ‘was the purpose of this seling move- ment to induce liquidiglon in the Test of the list it Wag meeting with Do Success. Percelvipy this, iraders ed in to cove; us i WIE Tebound, || > R0 SIeIe wERIL Rebound, Helps Many Stocks. Stocks flke Baldwin Locomotive, Americgn Can, American Woolen and 17.—The Studegaker rallied a point to a point | and a half in less than half an hour. T8 run-up In Willys Overland pre erred showed that the stock is st ¢ closely held that very li Ing can cause a substantial ad The big holders of this stock con- tinue to figure upon some distribu- ton goon on back dividend account. Industrial Alcohol was weak at the €tart. but lgter recovered. Alcohol piices are the highest in three years and the profit margin of the pro- ducers is the best it has been in all this period il the renewal of the price-cutting war. Producers and Refiners was an ex- ception. Succumbing o another wave of selling, which orought out again the twin rumors of new financing and passing of Hividends. Steel Bookings Improve. The shoets in the steels were suffl ciently fupressed with the weekly trade sammaries to do considerable COVAMME. The statement by the #veland Tron Trade Review that 2w Dookings so far in October had run ahead of the September average did mot fit in with ihe preconceived notion of professional Wall str that the steel industry was goin the bud Moreover. there w to s a reluctahce to ort of the steels with the Re public Iron and Steel statement for the Quarter due T the close o busingss. The informal report was that thts would make a favorable showing. Steel common had been driven down below 86 in the early truding, but joined in readily when the market turned. ndicott Johnson Drops. The selling in Endicott Jol Which carried the stock to a new low for the vear, was aesociated again with the report that the come pa pioyes to save their money, vice w ompanted by ‘references te the business outlook —which were not optimistic. Whether o, advice was an expression of ficinls foresaw in the aTair own company particular geaerally known. But the inclined " to place that construct upen the statement. At least It has - { A #tocks stood up well in face of | son. | some time ago adviked its em- | This ad- | ANCIAT, Adv Rumley. ... Adv Rumley pt. Ajax Rubte: Allied Chem . All Am Cable Az Chatmers Am Agr Chem.. Am Ag Chm pt. Am Bank Note Am Reet Sugar. Aw Dosch 4Am Can pt, AmCar& ¥ Am Chain (A).. Am Chicle Co, Am Cotton OI., Am Cot Ol pt. Am Druggist... AmH& Leath.. AmH & Lea pt 4w Internat’l Am La ¥ri Am Linseed. ... Am Linseed pt.. | Am Locomntive. Am Loco pf. Am Metal . Am Radiator. .. Am Safe Razor. Am Ship & Com. Am Smelting. .. Am Steel Fdy. Am Sugar. . Am Sugarpf... Am Tel & Telex. Am Waler Wks. Am W W 7% pt. Am Waolen Am Woolen p Am Zine & Lead Am Zinc&LA pt. Anaconda { Arnold Constab. ets Realizn. Asso D oods. .. Asso Oil (new). Atchison. Atchison pf Atian Bir & Atl. Atlan Cst Lin, Atl Frult ctfs Baldwin Loco Balto & Ohlo. .. Falto & Ohio pt. { Rarnesdall (A). all (B). | Bayuk Bros.... Beechnut Pack. Rath Ateal. ... Beth St1 74 (n). Br Em Stl 1st pt Br Em Stl 2d pf. Bkiyn Un Brown Shoe. ... Burns Bros (A). Butte Copper... Caddo O11.. Callf Petrol Callf Petrol pf. Callahan Zine. Calumet & H(n) Canadian Pac Case (J 1) pf. Central Leath.. ~ent Teath nt !Cent Rib Mi Lerro de Pasco. Chandler Mot... Chesan & Ohio. Ches& O pt wi. Chi & Alton. ... iCht & Alton pt.. Chi Grt West... | ChiGreat W pt. {Chi Mil & St P, - {Cht Mi] &St P pt | Chi & Northwa. iChi R1& Pac s 1 Chi R1&PS% oL, | Chi R I&P 7% ot jEay furnished another excuse for the sell- , Shiie Copper. ing which has come Johnson and stocks Which deal with the Philip Morris w togday. touching the #01d this year. Accompa was a rumor of a mer, with an- | other factor in the tobacco industry. | At the same time interests which arc ited with a bullieh attitude to- ward the stock market sftuation were said to be active in Philip Morris Biokers' Loans Still Heavy. In connection with the currens go sip resarding brokers' loguw which are a barometer of public participa- | tion, it was pointed out that the high point was reached in February, when loans stood at approximately 000,000. The recent low estimate was $1. 000,000—am~apparent decline of per cent. But it has been shown that 200 représentative industrials raile have decinjed about or, in_dollars, $440,000, which, when deducted from 'the amount of decline in loans, together with stocks which have-been taken out of leaves a lavge amount of I i tanding, and hence the pu g ecount is calculated to be still fair- ¥ large. of companies trade it ha: Final Tradinz Rathe; Trading proce i slowly in the late afternoon, but the { markét in general retained its better tone. Philip Morris, one of the speciaity | lcaders, made its high, crossing 21 in | the last hour. An announcement re- | garging the negotiations for a new tobacco combine s expected at any | mofrent. Woolworth stock made a new high for all time, when it got above 260.. Gteat” NortWeen' preferred had a small recovery and Chicago and Nosthwestern, . weak at the start, also came “back some. but selling per- | sisted in Northern Pacific. { Rubber amd tire stocks did better in the late trading, but not until Kelly Springficld kad been_ driven dow H a mew low and considerable we: | appeared in. other members of the | BTONY There was a further break in crude rubber prices in London, com- JeUing somc. Gealers to reduce the quotations to 261 nts a pound. new low for the 1. The sellir of the Pan Americans w om- panfed by reports of new financing that might be anuounced next wee CLOSING IS IRREGULAR. i Sales About 600,000 Shares—Cut | in Freight Rates Feared. By the Assoriated Press, | NEW YORK, October 16.~Prices | broke sharply and then rallied in to- | day’'s relatively quiet stock market. § Early selling represented the liquida- Into Endicotr | Chino Couper. .. lccc&stL.... Cluett Peabody. re again § Coca-Coia...... Colo Fuel. . Colo & South. . Colo & South 1st Coiumbia Gas. Columbiz Graph Com Solv (A)... Cons Clgar. ConsTextfle. ... ont¥an....... Continental Mot Corn Products. . Cosden & Co. ... Cructble Steei. . rucible Stl pf.. Cuban-Am Sug. | Cuba Cane Sus. Cuba Cane S pf.. Cuyamel Fruit.. Davidson Chern. Deere Copf..... Uel & Hudson D Lack & West. Pevoe & IR 1st pf Doie Mines Dupont (1) Elec Stor Bat... Zlk Horn Coal.. Zmerson Brant. Eadicott-gohn. . Eri : Erle 1st pt. . Famous Plavers Fd Mines&sS pf.. Fidelity F Ius Fifith Ave Bus.. Fisher B of O pf Fisk Hubber.... Fielsbman...... Foundation Co.. Freeport Texas. Gen Asphalt. Gen Cigar. . Gen Eleatr: Gen Elec spl. . Sen Motors. . .. Gen Motors pf.. n Mot 6% deb. dden. Goldwin Corp. Gooarfeh. .. | Goodrich pt. Goodyear pt Gt Northern pt.. Gult St Steel.... Hartman Corp. . Hartman rights. Hayes Wheel. Homestake Househ'd rrod.. Houston Oll..... Hudson Motor! Hupp Motors. linois Central. 1nd 01l & Gas. tion of weakened marginal accounts and offerings of bear speculators | based on cuts in oil and tire prices | and the fear of a cut in freight rates ! on grain, but easier money rates and | 4 growing bellef that the technical | position of the market warranted a rally induced extensive short covers ing later. Sales approximated 600,000 | shares. The closing was irreguiar. Steady absorption of American Can, Bald. win, Studebaker and Dupont served to keep speculative selling in check in the late dealings, although Ndrthern Pacific continued under pressure, scii- ing as low as 50. EX-DIVIDEND TAfiLE. Date. Corporation 19—Burns Bros. prior pf. 20—Atlas Powder. Co. pt 20—Brown Shoe Co. pt 20—Clnett-Peabody Co. . 20_Columbla Car Co. vt tr. ett { . 20 Exchange Buffet Corp....... 20_Fisher Hody Corp....... 20—Homestake Mining Co 30 . 20—Kelsey Wheel Corp. pf. Qct. 20—Kress & Co. Oct. 20—Phillipy Jones Corp. Oct. 20—Pitts Coul Co. of Peun Oct. 20—Postum Cereal Co. Oct. 20_Postum Cereal Co., Oct. 20—South Railway Co. pf... 0ct. 20U. 8. Realty & Imp. Co. pf. TODAY’S METAL MARKET. NEW YORK, October 17.—Copper sl?‘d clectrotytic spot and futures, 2%al3. Tin steady: spot and nearby, 41.87; | futures, 41.62. Iron easy: No. 1, northern, No. 2, northern. 250623250, No. southers, 21.00a33.0 Lead steady, spot, 6.85, Zinc firm; East $t. Louis spot and nearby delivery, 6.35a6.40. Antimony spot, 7.45a7. - 1 g b EHEEL B 00; inland Steel.... inspiration. ... int Cement. iu Combust E... (¢ Harvester. Int Harvester pt int Mer Marine. int3d Marine pt. Int Nickel. lati Paper. Intl Salt. . : Int Tel & Teles. IntShoée........ Intertype Corp.. Invincibie Ot Iron Prod ctfs. island Oil.... Kayser (Julius) Kelly-Spr Tire.. Kennecott. . Keystone Tire.. Kresge (SS).. Lee T & Rubber. Lehigh Valley Lima Locomo. ... Loews Inc. . Melntyre Por. Mack Trucks Mailinson & Co. Manati Sugar. .. Man El inv guar Manhat Shirt. .. Manila 1 Gorp. MaracaibgOii. .. Marland Oil. Mathison Alkill, Maxwedl (A)... May Do Stores. . Mex Semboard Mex Seabd stfs. Miagyl Copper. Midelfle St O1l. Midyale Steel... Open. High. Low. Cioss. 7 7 30 30 4% 6 62 60% 96% 96% 89% 3933 12% 125% 82 31% 88% 88% 33% 25 91 924 106% 106% 120 120 22% 2% 10% 11 6% 185 By 7 87 16% 11% 16% 341 89% 118% 44 81% 6 104 e 24y 59 99% 123% 87w 1% 1% 100% T% 30% 86 16% 1 75 26% 96 8% 1% 110% 1 58 Cons Gas of NY. & 34% 61 30% 48 28 16% 1045 104% 0% 5% 4% 3dhy 23% 25 84 w34 20% 20% i3 4 107 107 2 % 22% 24% 11% 11% 81% 81 9% 9% 65 2 224% 3214 123 2% 24 225% 225% 14% 14% 59% 59% 631 63% 16 16% 16% 16% 69% 71 29 29% 1% 513 82 824 42 4 2 2 18 18% 22% 22% 84 34w 364% 78 9 9 6% 6% L24% 25 7 30 4% €0% 96% 39% 12% 31% 88% 33 24% 90% 106% 120 22% 10% 6 18 5% 87 16% 11 8414 6814 4 5% 7 80 5 61% 964 39% 12% 32 88% 38% 25 92% 106% 120 22% 11 4% 18 5% 7 37 16% 11 Minn & St L (n). Mo Kan & Tex., Mo K & Tex pf. Mo Pactfic. 1% 1 11 Moon Moto! Motner Lode. . Natl Acme. Nat B\.cu{t Natl Clo Natl Enamael, Natl Enamel pf, NatBupply pf... Nevada Copper. N Y Air Brak N Y Central.... NYC&StL (n). NYC&StL pt(n). NYNH&Harttd. Norf & Western North Amer. North Am pf. North Pacifie Oklahoma Prod. Otis Stee Ot!s Steel pf. Owens Bottle. Pac Coast 2d pf. Pacific Develop. PacificOll... Packard Motor. Pan-Am Pete. .. Pan-Am P (B).. Penn Coal & Cke Pennavivania. .. Penn Seabd Stl. People’s Gas Pere Margu Philadelphia Co Philip Morris. . Phillips Pete Plerce Oil Pltts & W Va. Postum Cereal 8 89 88 56! 11 8 87 114 85% 9% 85 4% 1% 89% 40% 42% 19% 23 1% Pressed St] Car. Pressed St C pf. Produc & Ref, Prod & Ref pf. Pub Service Pullman Co. Rapld Tran Seo. Rap Tran Sec pf ’ay Con Coppe Reading. Rendng 18t pi Remington Replogle S Repir& : Rep Ir & Sti pt., Rev Tobac (B). Rev Tob pf B... Royal Dutch. ... 8t Joseph Lead. St L & San Fran St L Southwo. Savuge Arma hulte Story ars Roepuc Keneca Coppe: Shell Tr & Tran. Sheil Unfon. . .. Shell Unfon pf.. Simmons....... Stmms Petrol Stnclair Of1 Skelly Ol £loss-Shefm So Porto Sugar. Fouth Pacifle... Southern Rwy. Southern Ry pt. - Enicer Mfe Co.. Stand Milling. &t O11 of Caitf Stand ONl of N J. StOIof N J pf.. Stewart-Warnes Strombg Carb.. Studebaker Submarine Bt. Superlor Oil. ... Sweets Co of Tenn Covper... Texas Company Tex Gulf Suiph. Texas & Pacific. Tex & PC&OMN. Third Avenue. .. Timken Bearing Tobacco Frod. . Tobacco Prod A. Trans Cont OH. . Transue & Will. Cnion Pactfic... Union Pacpf... United Fruit. U S Cast I Pipe. USCastlr Ppt. U S Food Prod. . U S Hoffman ) U S Indus Alco. US Realty U S Rubbe US Smelt&Ret.. 17 S Steel, - U S Steel pf Utah Coppe: | Utan securities. Vanadium Corp. Va-Cur Chem... Vivadou. .. Wabagh pf (A). Waldorf (new). Web & Heilbrn. Western Md Western Md. 2. West Pacific. West Pac pf. ... Western Unlon. Westhse EI&M. Wheellng&L E. White Eag Oll.. White Motor. White Ol Wickwir Wiison Co. . ‘Wilson & Co pf. Willys-Overld. . Willys-Overl pt. Woolworth. . Youngstn Tube. 14 58 {05 56% €% 219 ds% 5% 20 65 6% 63 260% 64l High, 4% 60% 256% 6433 Call Money..... -317 400} 28% 2% 21% 81 46% - 53 a4 89% Open. High. Low. Close. "l Y% 15 1% 28% 26 % 1043 22 2% & 9% 26 104% 104% 104! 22 22 8% 815 4 % 854 46% 88 404 83 56y 1% 84% 100% 8% 87% 12% 102 20% 43% 51% % Th P 2% 16 % 38 11% B30 5274 85 4% 1% 89% 0% 2% 21% 23% % 38% &1 45 £4% 21% 86% % % 42% | 1167 534 WASHINGTON, HGHLASS BORDS INFAR DEMAND Trading Rather Quiet Today. Liberties Fail to Carry Advance Forward. BY GEORGE T. 8pecial Dispatch to The Star. NEW YORK, October 17.—~While the genéral bond market today maintain- ed the sluggish tone which has been 0 characteristic of trade for weeks | past, there was an encouraging dis- play of intérest in high-grade secur- ities selling on-a b to 5% per cent baste. . Examples are Great Falls Power 58 of '1940° among_utiltties and Elgin, Joliet and Easterh first 5s of 1941 among ralls. Both these issues are listed on the stock exchange. but moet of the dealings are “over the counter,” " And trades today were made in both around a‘§ to 5.10 per cent basis. The Great Falls Power Company earns ts inferest charges three to” four. times .over, and the gin. Joilet and Eastern does almost as HUGHES: - = of unquestionable merit such as these were readily absorbed today. Liberty Bonde Firm. High-grade securities, including liberties, were firm but without much tendency to advance. Oregon, Wash- ington Rallway and Navigation 4s reacted fractjonally. Tt another illustration of the type of seeurity in demand at present. not a legal 1 vestment for savings banks in (his state, but very highly secured and selling cn about a 5% per cent basis. ited States Steel sinking fund L& {8old above 102 again, where the yleld is only about 4.9 per cent. but the operation of the sinking fund. under |which more than a $1,000,000 par jvalue of bonds are redecmed annually on April 1 at. 110, tends to keep the price up. 4 Among the speculative rails there was continued heaviness in the St. i Paul issucs, although the yield basls on which the bonds are selling would appear to have discounted about all the known unfavorabie features. For instance. the convertible 448 of 1932 vield more than 13 per cent at the market and the nearest maturity; the 4s, due June 1. 1925, even more. Heaviness also was noticeable in Chi- cago and Alton 2igs. Slightly better fnguiry was reported for New Haven igsues” Therc was po important change in the B. & O. list. August Issues Down. Disappointment at the August re- port of the Interborough Rapid Tran- sit Company showing a deficit for the month was retiectad in the quotation for the bonds. Rapid Transit securi- ties 6x, however, held fairly well and the New Yark Kallways refund- ing 4s appeared stabilized just below the high levels reached after the re- organization plan was published. Public Service of New Jcrsey bs made another new low for the year. rther reaction in Kingdom of y 6s of 1943 appcared in to- | day's market, but the loss was uot a8 lurge as Tuesday. There was little {change in French issues. Bolivia &8 went higher. ———— 'RENEWED ACTIVITY IN COTTON MARKET **|Bad Weathe? in South Helps to| 41 6% 15 % 9% B4% 5615 5% 458 800 SHORT-TERM SECURITIES (Quotations turnishs Alaminum Aluminum Co. of Amer. 9 £ Amer. 7s 1933 i Americaa Cotion Oil 6 1924. Americnn Sugar Americay Tel American Te Fister Body Goodyear T. & Peona. B. . 7s 1930. Paul Union Depot 535 1923 Bears, Roebuck & Co. 7 1 Standard Oil of Calif, 55 Bwift & Co. fis 1932. .. Tidewater Ol 6 3 {10 st 10 TREASURY CERTIFICATES. (Quotations furaished by Redmond & Co.) ——N00m,——\ December 15, 1623.... s March 13, 1924 s Mareh 15, 1924 s Juue 15, 1024 s Beptember 15, March_15, 1625 Jute 15,1025, December 15, 1 s March 15, 1926 s September 1 s Marcn 15, 1 100 100 1116 100 2 100 116 99 1316 1924 100 3-32 100 5-82 99 15-16 il 1003-16 TODAY'S BUTTER PRICES, CHICAGO, October 17. settled; creamery Xrs standards, 153%; extra firsts, firsts, 42a43; seconds, 41a42% Eggs—Unchanged; receipts, cascs. ——— Never you should 'put over today, 4,309 | the board o ; Overcome Reactionary Trend | of Yesterday. By the Associnted Press NEW YORK, October 17.—The cot- ton market showed renewed activity {and strength at the opening today. owing to unexpectedly firm cables and a continuation of unsettled weather in the sout First prices were firm| of an advance of 27 to 45 points, with October selling up to 30.20 and { December 29.47 on active general buy- ing. These prices attracted heavy realizing, however, while there may have been come scattered selling on unfavorable reports from the goods trade, and prices eased off 15 or 20 points during the ecarly ng. The weekly report of the weather bureau ‘egarded as buliish on western conditions, but fairly able as to progre |the belt.” New Orleans Market Improves. NEW ORL s, tinued unta b weath, ove reater part of the belt put the ton market higher today. In th {half hour the trading montl ints to 28.93 for the Dec Th. and was incr by a higher Liverpool market t due, reports of more business loing in Manchester and by the unfavorabi tone of the week reports from t governmen featu of which was the mention {of the nearly completed state of the harvest over wide areas east of the Mississippi river. Cofton _Prices at Noom. NEW YORK, Ootoher 17 futures t1:45 a.m.: Bids st. | tober. 20.90: December. 29.1 |28.90." W ORL to futures noon ber, 2890 a January, 28. October bid: 17 stead. March, | QUITS CRUCIBLE STEEL. John A. Matthews Succeeded E. E. Collins as President. W YORK, October 17.—Dr. John A. Matthews has resigned as presi- dent of the Crucible Steel Company | of America_and E. E. Collins, assist- ant to H. S. Wilkinson, chalrman of directors, has been elect- {ed to succeed Dr. Matthews. Announcement to this effect was made today by Mr. Wilkinson, who said that Dr. Matthews desired to give his x s entered the steel bus s twenty-five years ago in the sales department "of the Carnegie Steel Company. He has had varied experiences with subsidiary com- panies of the United States Steel Cor- poration, which he left in 1922 to join the Crucible company. DRY GOODS HIGHER. Better Demand Pushes Up Prices in Trading Today. Special Dispatch to The 8tar. NEW YORK, October demand for cotton goods pushed grlce- up {n today's markets. the 64 ¥ 60 print cloths reaching 10% cents and the 68 by 72 12 cents, an in- crease in each case of i of a cent, The raw silk market continued thé downward course it adopted Tuesday. The XXB grade was offered at $9.80 a pound, extra at $9.80, best No. 1X at $9.55, best No. 1 at $5.50, and XXA 20-22 denier, $9.90. Cantons held firm- er, the 14-16 being quoted at 9.35 and the 20-22 at 8.95. C. & 0. FREIGHT TRAFFIC RECORDS ARE SMASHED By the Associnted Press. RICHMOND, 'Va., October 17.—Coal car loadings on the lines of the Chesa- peake and Ohlo rallroad. totaled 17,605 for the week ending October 13, Presi- gedn; \Vi’ J. ll‘!nrflan anl’llouncs‘l ‘here oday, breaking previous records. The Dest previous Week was that ending 7.—Continued ' ut off until tomorrow what mher 29, when 17,489 cars were | Brazt1 7 | Magma Cop ¢v D. ¢, WEDNESDAY, OCTOBER 17, 1923. [mwev vou BONDS oz o] *Received by Private Wire (Sales are in §1,00) UNITED STATES BONDS. (Fractions re; thirty - peconds. Example: ‘means 98 3-82.) 278 99-30 99-25 99-30 . 18 97-19 §7-18 97-18 124 97418 9715 97-15 924 P8-14 88-11 98-13 Lib éth 43a. . 402 $7-21 97-19 97-20 US4%s1952. 867 99-7 995 99-6 FOREIGN. > Sales. High. w1k IS: /88l - 99% 100 97 97 100% 100% 8 38 9% 9% 8% 8% 3% 93% 99% o1 101 100 904 103% 103% 108% 95 444 9% 1% 3% 108% 95% % 97 9614 90 89% 947 2% 97 93% 927% 8% 79 £1 9% 51 85 93 o 94'a 4% 90% 72% 7% 107 101% 20 20% 96 994 8T 67 1z i) 101% 88 109 Argentine 7s. Austria 7; Belgtum 73 Bolgium 6. Belgium Su. Bolivia §s. Bordeanx és. ..... Chile 89 1948 Chile 85 1928 Chile 7w 1948 Copenhagen 53%s. Cuba 538 ctts. Czechoslovakia 8 Denmark 88 Denmark 6n Dutch E15%s.... 19 Dutch East 1 6847 8 Dutch Enst 1 6s82. 55 Framerican 7, French Govt 8s. French Govt 737 Haftl 6s . Italy 6345 1825 Japanese 1st 415s.. Japaness 2d 4% Japancse és. Jergen UM Lyons ¢s 89% 92 93% 108% 934 1% % 864y 90, 99% 954 23 97% 8% o2 7% 9044 99% 8% 2% 974 83% 2% 19% ) 814 85 984 110% 943% 944 0% 3 % 107 wis 90 20% Norway3s. .. Norway 6s 194, Norway 64 1962 Orient Dev deb Queensiand 7s. Queensfand ¢s Rio 8¢ Jan 8s Rio de Jan 85 Rio Gr Do'8ul 8 8ao Paulo.State.8s. Seine, Dapt of, 7s., 13 Berby Crotes Slo 83 12 Swiss Confod 5 Td Kingm 5%8'39. 15 Td Kingm 5%3°'37. 16 Ud Steam Copen 68 8 Zurich 8s 3 109 MISCELLANEOUS. Ajax Rubber s» 5 88w gs Am ArrChem 7%s 11 99% 99% AmChainst6s33. 2 93% 934 AmSmitAR 1sts. 12 914 90% Am Smit&R « 10 1024 101% Am Sugar Ref 6s.. 28 10174 101% AmT & T cv s, 2 110% 116% AmT&Tcltrbs.. 29 o983 97% AmT&Tcltr 4 19 92% 82y Am Writ Paper 6. 85 Bdw Anaconda cv db 7 9% 88y Anaconda 1at 6s 98y Armour & Co 4% 3% Atlantic Refin 55. 97% Barnsdall s £ 8s 954 Bell Te! Pa 5o 7, Bath Stael 544 8214 Beth Steel rf 6n 9215 Beth Steeis £ 6s 7% Brier T 8t 1at 5 %s. 2% Bklyn Fd gen § 965 Bush T Bldg 83 '60. S1ia Calif Pete 6138 w i. 98l entral Leather 53 Cerro de Pasco §s. Chile Copper 8s. .. Commonwth P 6; Con Coal N4 1 Cuban-Am Sug 83 Cuba Canecvd Cuba Cane cv 73'30 Det Edison re: Diamond Mth Donner Steel 7s. Du Pontde N Ts. Duquesne Light 63 Est Cuba Sug 7% Empire G&F 71 Fisk Rubber & Gen Elea deb 53 Goodrich 6% Goodyear 81 193 1 3 112% ik 101% 88 109 bl 9914 3% 91 1024 01% u6Y% 8 92% 85 9814 96y 83y 7Y% 95% 97% 88 82 1. 92% £6% 1% 9615 5% 17% 9844 8ey 26 106% 830 86% 108% 1047% 87 107% 103% 99 §1% 1031 101% > R o - e B wBHoowumoananse B Humble O&R 5%s. Tilino!s Bell 1st 33, Indiana Steel Int Mer Marine §3. Int Paper 1stGs B, KCP&Lt5s A'S2 Kelly-Spring 8s. Loriilard (P) bs. Lorillard (P) 7s ooy T PR 831 89 102% 96% 115% 1085 $7% o8 95% 104% 85 95 9% 99% 97 108% 97% 82 104% 105 o4 1% 100% 89 1073% 93 894 204 102% 100 89 72% 102 110 76% 1074 99 934 86% 96% £17% 100% 103 1053% 106% 96 1108 8% 1044 102 £8W 96% 85 63% 103 109% 107% 9133 95% 8% 103% 93% 88y 89 102% 98% 115% 108% Manati Sug sf 7%s Marland Oil 7 . Marland Oll £s 31, Mexican Petrol Midvale Steel 5s. Montana Power §: Morris&Co 1st 4443 Nat Tube 1st bs New Eng Tel 5 NYEdsn st 6 NYG EL H&P 5 NYG EL H&P ¢ N Y Tel6s'4s.. NY Tel 4%s N Am Edison Nor States Pow fs Nor States Pow 5s Northwst B Tel is. Otis Steel 8s...... Pacific Gas & El 58 Pacific T & T 5s'53 Pan-Am Pete Fhila Co ref PhilaCo 6%s '38. Pierce-Arrow 8; Producers & R Producers & R §s w Public Service b Punta Alegre 7s. Sharon St1 H 85 Sinclair Oil 7s Sinclair Oil 6%s... S:n Crude Oil 5%s. Sin Pipe Line 6. So Por Rico Sug 7s Tide Wat Oil 6%s.. Tobacco Prod sf 7s Toledo Edn 1st 7s.. Union E.z & P 68 Unit Drug cv 8s U S Rub 1st rf bs.. U S Rubber 7%s. U8 Steel sf s Utah Pow & Lt 53 Vertientes Sug Va-Car Chem 7s. Va-Car Ch T%Hs w. ‘Warner Sugar 7s ‘West Union 63%s. ‘Westinghouse 7 Wickwire Spen 7s. ‘Wilson & Co 1st 6s. Wilson & Cocv 6s. 32 85% Winchester A T%s. 2 103% Youngstn S& T 6s. 38 93% ELECTRIC TRADE QUIET. Sales of Lamps Increasing All Over Country. NEW - YORK, October 1T.—A de 98 100% 104% 88 3 9% 9% % 103% 97% 82 104% 105% 84 1% 100% 892 107% 98 9% 0% 102% 100% 89 72 102“ 110 6% 107% 99 3% 874 96% 81% 100% 103 106% - 106% 6 96 110% 84% 104°% 1024 - B8% 96% 85% 664 103% 109% 1074% 9214 96% 110% S4% 104% 1024 8k 26% €6 63% 103 109% 107% 2% 26 ] 103% 93% jgree of caution is noted In the elec- trical trade. with jobvers and man- ufacturers in all sections apparently holding back to avoid movements that have developed in the last three weeks, says the Electrical ‘World. “Sales of lamps are increasing rap- idly in all parts of the country, but stocks and production are supplying the demand casily. Orders for minfa- ture lamps are unusually heavy, due largely to the fact that most automo- bile owners are carrying extra kith of lamps for replacements on the road. “Installation of new machines is making possible greater output and easier operation, which will result in lower production costs after' they have- paid for themselves in about three and one-half years' time. 97% | Direct to The Star Office. RAILROADS. Sales. High, Low. Close. Atehison gen ds... 12 #7% 87% AttanticCLcl 4s.. 10 814 S1% BL% B&Oprinid%s... 47 96% 964 964 B & O gold 4s. 17 79 B&O6s.... 101% 101 B&Ocviy 3 B&Oreths..... 4% B&O PLE&WYV 4s. 6% B&OSWalviy B&OToledo 4s. .. Bklyn R T bsctfs, BRIRT Ts"21 ct.. Canadfan North Ts. Canad North 6%s. Canad Pac deb Cent of G eeen Central Paclfic 4s. Ches & Ohlo ov 6s 67 2% 88% 3 uz% 80 100% [ 8 8T% 8 B4K 81 84 984 77% 454 56% 50% 564 3% B5% 7% 78% 108% 77 7% l 4% | 894 | 13 70% 101% 102% 95 8l% B4y 97% 3% 40 Chi & Alton 3 . Chi B&Q gn 43 '58. ChI'B&Q l1st rf bs. . Chi& E Dl gn bs. .. ChiGreat Wast 4 €M & Puget Sd 4s. ChiM&StP rf 4% Chi M&SL P cv Bs. Chi M&SE P 43 °25. . Chi M&S P cv 4 4. Chi M&SE P 4s°34.. CM&StPgndks. Chi&NW 7 Chi Ry ChiRI1&P g ChiRI& Pacrf 4s Un Sta 4% CRI Un Sta 6% Chi& W Ind cn 4 CCC&SLLrTds A.. Cleve Term 5%, Cleve Term 63 Colo & Sou 4% Cubs RR 88 : Del & Hudson 54s D&RGlatreés DERGEsBTot.. Det United 4%s. .. Erfegends. ... Erle conv 4s D. Gr Trunk st ab 63. Grand Trunk 7 Gr North gen 7 Gr North gen 5% Havana ERL&P bs Hud & Man ref Hud & Man aj §a... 1 Central 5%s. Int Rap Tran Int Rap Tr 5s Int Rap Tran BundiBali-Baloncnbranale BS mam~e 49 85 103% 113% 106% 6% 204 £07 56% 100% 62 61% o v we SoRamallaoRan P -19 Towa Cent rf 4s lowa Cent 1st 5s. Kansas City S 3s., Kanasas City S 54 Kan City Term Lake Shore 4828 Lake Shore 43 '31 Lehigh Valiey 83 Long Isiand rf 4s Louis & N un 4: Louis & Nash 5% Louis & N 53 2003. Manhat Ry cn 4 Market StenSs. ... M&StLrfex5s... M StP & B8M 6%4s.. MK&Tistds..... MEK&TprinbsA. MK&T6EsC. .. 16 MK&Tadibs.... 62 | Mo Pacific 17 | M@Pacific 58'65... 7 H ‘Mo Pacificgn 4s... 14 Montrl Tm ist6s.. 1 New Or Term 4s.., 3 28 2 - B WOl NumSagnwmnas NOTex &M in §s. |NYCentrisa New Havencdés.. 3 | Now Haven d 4s57. 3 New Haven7s..... 2 New Haven 7s fr. New York Ry rf4s. 8 NYRyrfdscifs.. 81 New Yor': Ry aj 5s. 20 N Y Rysadj 5sct..103 NY W & Bos 433 8% Nortolk & Wcnds. 5 89 Norfolk & W v 6s. 10 107 Northern Pac 3 594 Northern Pac ¢s. 824 Northn Pacr1 6 1034 Northern Pac 92% iOra & Calif 1st 5s.. Ore Short L ref Ore-Wash 1st rf Pennsyl 6348, Pennsyl gold 7s. Pennsyl con 4% 108 934 9% €8 87 634 2% ¥4 ¢ P64 045 B4 €9 984 3% T5% 2 43% Reading gen 4s [ Rio G West cl 4 RIArk &L 4% StLIM&S 4529, StL&SFplisA Arn P s, Seab'd A L ref 4 }stock, bughel, §0a90. {Seab'd AL adj 5s Seab'd A L con 63 Sou Pacific 4a 19. Sou Pacific ref ¢s. Sou Pacific clt ¢s. . | Southern Ry 1st bs. | Southern Ry gn 43. Southern Ry 6%s.. 27 101ia Third Averef 4s... 19 54 Third Aveadi5s... 23 46 Tol s 72 [T@hStL&EW3ks. & 95 Bon Pacst4s... 32 i Union Pacov4s.... 9 5% Union Paccv 6s. 3 102% UnionPaclstrfis 4 99% Virginia Ry 1st5s. 3 937% VaRy&Plstba... 1 86% Western Md & 2 B8 Western Pacific5s, 11 80 79 Wisconsin Cent 43. 6 764 76 TOTAL SALES (Par Value): 11am.. 2284000 12noon. 3889000 1pm.. 5126000 2p.m.. 5715000 FOREIGN EXCHANGE. October 17, 1023—12:02 p.m . Hibbe (Quotations furniahed by W. B. Hithe & o) | Komiveat“domas 0 100 Paris, franc ; Brossels, {ranc Berlin, mark Rowe,' lira . Zurich, fiznc Athens, drachm 4% €5% 2 854 834 Sy 6815 01 101 b62% B2% 45 72 96 914 95% 102% 9% 3% 881 58y 80 6% Lo 95 ek 95% 102% 993 93% 864 534 Hudapest, crown. Pragie, crows. Warsaw, mark. o agen, crown Chriatiatis. crown Stockholw, ' erown. By the Associated Press. NEW YORK, October 17.—Foreign exchange Irregular. Quotations (in United States dollars): Great Bri- tain, demand. 4.52% sixty-dey bills on banks, France, demand, .0604%; cabie: Italy, demand, .0456%: cables, .04566%. demand .0522%; cable Belgium, 0622%- 3 5 Germany, lemand. cables, 0000000002, ,3920; cables, .3925. Norway, demand, .1650; Sweden, demand, .2638; Den- mark, demand, .1756; Switzerland, de- A 017 Polund; da- [ d, ; Poland, de: e 0000015 Cuechoslovakia, de- 0208% ; 'Jugoslavia, demand, 01183 Anurl-,d do‘::?"d,'\ 000014 demand, .0047; Argen®wa, L = Braszll, demand, .0960 .0000000002; Holland, demand, mand, .1796; demand, "3270; Montreal. .$8%. Stands Hard Winters. Three cheerful Tittie chickadees fiit about gardens and roadsides, They nest in orchard trees or gardén bird boxes, says Nature Magazine. The Ca- nadlan chickadee weathers the se. verest winters and is a great favorite because it is such a good little sport. The. nuthateh (ai a ‘winter “ bird) trips up and down tree trunks. FINANCIAL. z Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Pisplays of fruit, some from near- by growess and others from distant points, are attracting attention of buyers. ‘Watermelons have almost disappeared from the local market, while & few cantaloupes from Colo- rado are still being offered at prices much’ chéapey than heretofore. Casaba and_honeydews are taking the place of cantaloupes. The fruit is tn lendid condition, and in de- mand at prevailing prices, prices de- pending upon size and quality. Grapefruit, oranges and pears are plentiful. Peaches are. gradually disappearing from the market, while lbgll are reported as plentiful. Cggs—Strictly fresh, selected, can- dled, per dozen, 42; average receipts, 40; storage, 34a3l. Live poultry—Roosters, per 1b.13: turkey: 5; spring chickens, per 1b., young, each, 50a 73; fowls, per 1b., 26a37. Dressed. poultry — Fresh - killed spring chickens, per 1b., 32a3s ers. per 1b., 30a35; hens, per lb., 30a. turkeys, per | each, 80a85; roosters, per b, 20, Live stock—Calves, choice, per Ib. 12%al3; medium, per lb.. 11al12; thin, per 1b., 8al0. Lambs, spring, per Ib. 14. Live. pigs, 3.00a5.00 each; live hogs, per Jb., 815, rcen fruits—Apples, new. per bas. ket, 50a2.50. Californi per crate, 5.00a6.50 Flo: Lemons, per box. 4.00a5.00. Grape- frute, 00a5.00. Peaches, per bask: 1.25a2.50 half-bushel basket, 1.25. Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, o a30; Colorado Lopes, standards, 1.00a 2.00: flats, 5075 Vegetabies—Potatoes. per bbl., 1. 3.00a3.5 Potatoe: w_Jerse . 2.50a2. swect potatoes. 3.00al.50 per bbl. York leituce, per crate, 1.50a2.00. bage, ™, 2. per pounds; nearby 50- per bbl. Eggplant, per crate, 75a).00. Toma toes, half-bushel basket, nearby, 75. Beans, 3.00a8.00 per bbl. York celery, per crate, washed, 5.50; in rough, 3.00a4.00. Squash a3.00. Peppers, per crate, nearby, 50a75. Kale, per bbl, 75a1.00. ach, per barrel, 1.0042.00. &rown lima beans, per quart, 30ad. New York cucumbers, per bushel. 2.00a3.00. per dozen, 13a30. Home- Sugar corn, GRAIN AND PROVISIONS. BALTIMORE. Md., October 17 (Spe- clal).—Potatoss, white, 7l 150 pounds, 1.00a barrel, 1.00a2.75 Beans, bushel, Lima beans. bushel, 1.00a1.50. 100, 200a4.00. ' Broccold. 5. Cabbage. per 100, 4.00a8.00 bushel, 5046 Carrots, per 00. Cauliffiower. barrel, a2.00. Calery, dozsn, 35a75. Corn. dozen. 12a20. Eggplant. basket, 40a 50. Kale, bushe! Lettuce, bushel. 75a1.: Oplons, 100 pounds 2.00a3.50. Oyster plants, p: 28.00. Peppers, basket. 20a60. Pump- kins, per 100, 5.00a12.00. Spinacn bushel, 35a65. Squash, basket 40, Tomatoes. basket, 40ah0; king Turnips, busnel, Beet- 30a40. Apples. packed, barrel, bushel, 50a1.23; loose 2.50; bushel, 50a1.00; box apples.’ 1.50a2.50 crate. 1.50a2.25. 4.00a5.00. Grapefruit, basket. 4.50. 12a30. 2.00a4 barrel, baske Settling Prices of Wheat—No. 2 red winter, spot No. 3 red winter. spot, 1.07+ red winter, garlicky. No. 3 red 'winter, garl 1.05%; No. 4 red winter, . apot, 1.02% Bales—None. Corn—Cob, old, 5.35 barr corn, spot, no quotations: tri llow. No. 2, old or better, Sales—None. Gats—No. 2 white, new, 54; No. 3 white, new, R and 2 rye. sp: per bushel. Hay—Receipts, 56 tons. The ha market is firm for the better grade of timothy and light clover mixed. There is a fuirly constant demand at the 3 timothy, 27.00a27.50 per ton; 28.00a26. No. 3, 23.00a23.00: No. 1 light clover, mixed, 25.50a26.0¢ No. 1 clover. mixed, No. 1 clover, 22.0023.00. gled rve, 1 18.00; No. 1 wheat, 13.00a14.00; N. oat, 14.00a15.00. 008 DAIRY PRODUCTS. BALTIMORE, Md., October 17 (Spe- cial).—Live poultry—Spring chickens, pound, 22a25; Leghorns, old hens, 1%a26;" Leghorns, i old roosters, 15218, Ducks, 17a25. Pigeons pair, 20a25. Guinea fowl, each, 4ba. Eggs, loss off—Native and nearby firsts, dozen, 40; southern. Butter—Creamery, good pound. 4534913 prints, 49a . 38a42; ladles. 34a35; rolle ¥ prints, 28232 process ; store packed, 75, TODAY'S CHICAGO PRICES. CHICAGO, October 17. — F strength in the corn market brought about a rally in wheat prices today soon after the opering. Initlal de- clines In wheat were associated with talk current that an advance In ves. sel rates on the great lakes might soon divert larger shipments of wheat into the United States from Canad and that any reduction in rail rates would be insufficfent to put domestic wheat on an export basis. Unfavor- able weather, however, and Nebraska reports of corn rotting in the tended to lift corn values and indi- rectly had a bullish effect on wheat. After opening at % off to %4 up, De. cember 1.08% and May 1.12% to 1.12%, wheat underwent a slight gen- eral sag and then recovered to above terday's finish. Corn opened i to 3 higher, cember 77% to 78, and then declined a trifle before beginning to ascend Oats started unchanged to % lower, December 42%. and later held near to the opening range. Provisions were ecasler, the hog market. WHEAT— December . in line with Close. 1.061 1 Tos 173 Bt 421 Tt 4% 12.20 1007 940 025 CHICAGO LIVE STOCK MARKET. CHICAGO, October 17 (United States Department of Agriculture).—Hogs— Receipts, 32,000 head; uneven: mostly, 10 to 16 ‘lower; few choice me dium welght butchers, b to 10 off; lightwelght, 10 to 25 lower; bulk desirable, 230 to 325 pounds, butchers, 8085.00; top. 8.00; batter grades, 150 250 'pound av 7.50a7.85; packing desirable .50a7.00. 9,000 head; slow in; few ter Cattle—Receipts, killing quality p! ; early sales look weak to 25 lower; fed year. 1ings showing least. declines; she stock, weak to 25 lower; bulls, weak to 10 lower; vealers about steady stockers and feeders weak. tendin .75; heayy bologne bulls, largel 4.25a4.50; light bolognas, 3.35a3.85. Sheep—Receipts, 26,000 head; slow: fat lambs fully 25 lower; few choice loads natives to packers, 12.25; most better grades around, 12.00; chof lightweight ewes steady; odd Jots, 6.50; feeding lambs, weak; several loads, 13.00. OFFICERS RE-ELECTED. NEW YORK, October 17.—President B. A. Worthington and all other offi- cers of the Cincinnatl, Indianapolis tern railroad were re-elected ting of the directors here today, setting @t rest rumors that Mr.. Worthington would resign. (oY roast- | . 38a40; keats, young, {10 vay New | Spin- | bushel, | 100, .6.00 | following quotations: 1! fields | De- | P T0STS OF RUNNIG IR GOVERNNENT 0§ 891,000,000 Increase fo September—Lively Trading on Local Exchange. Cost of running the United € government during the month of Sep: tember, 1923, increased approximate: 1y $91,000,000 to $286,072.504, as co pared with the previous month, wt ordinary expenditures totaled but $195,560,775, the Treasury Department announced this morning. The huge increase, a survey of th statistical report shows. is Wwholl: {dueto a big Jump in interest on th public debt, this item -amounting tg |$122302911 in the latter period, § jcontrast with only $10,953.431 1 August of this year. Public debt retirements against ordinar; g September against $38,936,830 the month, while other publ.~ debf tirements made during the perio |aggregated 450,730 and. $41,063, {164, respectively | . Reserve Bank Insues Call { The Federal Re ve Bank of Rich- {mond has called on all local members y_into their regional bank, nof later than tomorrow, 5 jer cent of the proceeds of the Septamb 9 |sertes T 31-2 1924 certificates re:nain ing_with them on deposit ‘The 1, natio ly, will result in 3 withdrawa! of approximately $8 109, Baltimore members of the southeast. ern group of the Investment Bankers {Assoclation of America are making laborate plans for the entertainment of officers and members of the national committee on Saturday, October prior to the convention, which will held here October 23, 30 and 21 meeting at the Hotel in the moruing, the out-of {town members will be guests of th utheastern group at the Frinceton avy foot bali game at the new stad:um) in the afternoon, and later at a dinne: at_the hote! The guests also will be entertaine at the homes of the Baltimors mem {bers. bl New Institute Committee. in, jr. president of th E ican Institute o amed T. H Leith) n of the public a mitiee, the newest organ of t ¢ this body will ng_and acti hetween with the commities on {public education of the Distric: Bank- ociation and civic and trad { Washington Mr. Leith has named asa D. Bover, Victor B. Dey McQuad P Etiot T Thomsea Tk {al program of the Bette Business Bureau. in which cial interests of Washin b their co-operation, is npleted with a view tn immediately an effort the public against unscru promote Siddons and] <l now, be- ginning tol 1 thousand Bond Issues Quickly Taken. The $47.000,000 Federa) Land Ba bond issue of 4% per cent bonds, fered to the public at par been sold, members of the which offered them esterday afternoon. Likewise, the §15.000.000 jssue of the annou tive {market ve Srning by a svndi- cate headed Guaranty Com- { pany of York, was closed half an | hour after the books opencd Loeal Exchange Very Active. Demand for the preferved st { the Washington Railway and Eleetr ompany. and the easing off in prica ue to heavy selling. together he greatest activity in months vided the feature on the Washington hange today. This issue exient of 280 sharer. main- | dropping to 7013 after the first s { ten shares. Security Storage - Company {aEain broke into the sales with & burst of activi changed rend being upward and Trust ‘apital Traction at 1001 | nd trading was light {variegated. at unchanged pr! Banking Office Opened Here. { The Puritan Mortgage Corporation, | Vork mortgage banking co rn, opened a branch office here day ‘at 26 Jackson place under management of Col. C. de . CF is concern has its e {neadquarters at 277 Madison i{New York, and branch offices in Bos- ton, Springfield, Providence, Albeny and Phifadelphia. It deals in th purchase of first mortgase tate bonds. H i Amer | TRAIN CONTROL GRDERED FOR R., F. & P. RAILROAD The Richmond. Frederickshurg and Potomac' Railroad Company was aus- ithorized today by the Interstate (‘om- {merca Commission to install on its liines south Washington an zuto- {matic train control devic>. The stallation was authorized from point miles south of the southern jend of the Potomac river bridge to 2 point 1.7 miles north of the north- ern limits of the terminal at Rich- T e {"The installation is the { thorized on this railroad WHOLESALE PRICE TREND IS UPHARD The trend of wholesale prices. which has been gradually downward since May, took a decided upturn in September, it was shown today in statistics compiled by the Depart- ment of Labor. An advance of near- ly 2% per cent was In@rcated In a compilation which included 404 com- odities. M Cloths ana clothing showed the greatest increase, due mainly to ke marked advances in raw silk, print cloths and cotton yarns, according to the figures, registering an of per cent. Advan oats, ryve, wheat, hogs, cetion, and hay caused the. iarm produ group to rise 3% per cent. A increase of 3% per cent aiso wis shown for the food group becawse {of the continued advance in ‘Lo price of fresh beef and pork, butter, chee eggs. flour, lard, corn meal and sugar A met decrease of more than 2 per cent was shown Ia buildins ma- terials. As compared with a ¥ear measured by the same figu general level of pric to have risen slightl half of 1 per cent. The decrease « nearly 28 per cent in fuel wd iog during the twelve months offset by Increases occurring in other commodity Eroups, ranging from 1 per cent in building ‘muteriaie to nearly 10% per cent {n cloths and clothing. * second au-