Evening Star Newspaper, October 18, 1923, Page 27

“i FINNSH BONDS PUT THE EVENING STAR, WASHINGTON, D. C., THURSDAY, OCTOBER 18, 1923. 1 NEW YORK STOCK EXCHANGE | SEVERAL DECLINES NDS lI ON NEW YORK BON STOCK BCEANGBI Recelved by Private Wire. Direct to The Star Ofice O Received by Private Wire Direct to The Star Office, RAILROADS. FINANCIAL. FINANCIAL, ;= [ 8 CHAIN STORE STOG Grain, Produce and Live Stock Open. High. Low. Close. (Bales are 1o §1,000.) H N STRONG DEMAND Special Groups Hold Interest in Market—Day’s Moves Very Irregular. BY STUART P. WEST. ‘pecial Dispatch to The Star. W TORK, October 15.—Interest in the stock market today was at- tracted more to the movements in special stocks than to the course of prices in general. All through the decline of the last five months one group has stood forth 1n consistent opposition, and that is the more representative of the chain store and department store combpa- nies. These stocks were in demand again today, Woolworth made a new high, May Dapartment Stores ran up sharply, nd so did Assc s "here was_some also in R. H. Mac. of organization: fected In the least by the re 2} in other industri Their turnover is so large that they have been abie to absort higher wage costs with out materially ac fa revi & Co. has not been Tobacco Stocks Strong. 31 the same conditions to the tobacco co oducing and distril for which the dem tantly expanding and which Wwould not be much affected if it were found necessary to make slight price advan, n order to offset ex- i commodi- nd has been h the tobacco companies to the pessimism howing e in their sing their own ! Adv Rumley. { Alr Reduztion, | Ajax Rubler... | Alaska Juneau. | All Am Cable [ A e, | Allied Chem pe. | Allls Chutmers. {Am Agr Chem.. Am Ag Chm pt Am Reet Sugar. Am Brake Shoe. Am Cun s Am Car & Fdy. Am Chain (A).. Am Chicle Co. {Am Cottun Oli. . | Am Druggist | Am Express. |AmH & Leath. |Am Internyz .. |Am La Krance.. Am Linsved. ... i Am Linseed pf. | Am Lacomotive L Am Matyls, i Am Metal pf. Am Sare Kazor. Am Ship & Com. Am Smelting [ Am Srenl Iy Am Stl Fd pf. Am sumatra. . "Am Tel & Telex Am Water Wks, Am W W 6% pr. Am Woolen. .. { Am Zinc & Lead arnnda Armour & Co pf. Arnak { Assets Real | Assa 1 ! Associated O, . Asso Ol (new aictimon. . . Atlan Cst Line. Atl Fruit ctfs | Adannie At! Gult pt. | Austn aicaols. sts | n1dwin Loco Baldwin Loc pf sulto & Gnio Balto & Ohio pt T 61 b 14 96% 61y 106 39% 12 34 7L 92% 1656 224% % 61 b4 1w 6% 61% 106 T 61% % 13 964 oil 100 1lits Soby % 614 % 15 62 106 398 | 12% 8z% 34 71 ! soon Motors | Motner Lode N unt . 47 i Natl Dept Stores 38% | Natl Enamel... 40 Nati Ry of M2d. 2% | Nat Supply pf... 66% |NOrTex & Mex 834 Y Atr Brake. 3 Y Air Brk (A). 47 INYcentral. . " 1004 INYC&SIL (n). 2% NYC&StLpt(n). 87% N Y Dock....... 17 | NYNH&Harttd. 11% Norf & Western 102 North Am 20% Nerth Am p! North Pacific. . Ohio Bdy & Blw. Oklahoma Prod. 1% | Orpheum Circutt 18% {Otis Steel .. ; | | Owens Bottle 2% Pacific Develop. | Pacific Mail..... | Facific O11. 884 ot Packard Motor 11% . | Packard Mot pf. 924 92% i | Pan-Am Pete.. 55% . Pan-AmP (B). 63 | Penn Coal & Cke 344 H Tennsyivania.. 42 Penn Seabd Stl. 1% | Pere Marguette. 40% | Philadelphia Co Philip Morr! Phillips Pete. .. ©lerce-Arrow . Verce-Ar pf | Pleree 01} i & W VA L. a Postum Cer pf.. 112% | reseon Stl Car. 44 Pressed StCpf. 84 Pradue & Ref.. . 21 37% 421 387 112% [ 84 | 20% | 87% | 4% 16 | 53 | 17% 1% Punta Alegre. Pure O1l. | Rapid Tran See INBOND MARKET Extreme. Irregularity Noted in Trading—Liberty Bonds Hold Firm. BY GEORGE T. HUGHES. Speclal Dispatch to The St NEW YORK, October 18.—Extreme irregularity prevailed in today's bond | market, with continued good Inquiry for some investment issues and re- action in the more speculative de- | scriptions. It was a market that proved con- fusing to investors and speculators like. The most encouraging devel- opment was in the good absorption of new Issues, notable among today's offerings, of which were the Alabama Power first and refunding 6s, Repub- le of Finland 6s. American Public ervice 6128, and Italian Power Col- lateral Trust 63%s. It will take a lit- tle time to demonstrate how well these bonds have been placed, but opinion is that there has been a minimum of speculative buying. Most Noticeable Reactlons. Today’s reaction among the listed Igsues was most noticeable in the case of the Virginla Carolina bonds. h the first mortgage 7s and the . with Warrants, sold down a point and a quarter to two points in the first half of the day, with some sub- sequent rally, As far as could be learned there were no developments in the company’s affairs to account for the weakness. It appears to be sim- ply & case where bonds were offered for the sale “at the market.” Speculative raifls and industrlals, such as Third Avenue adjustments. aboard Air Line adjustments. Chi- cago und Alton 3%s and Interna- JUS 4% 185! UNITED STATES BONDS. (Fractions represent Low 99-28 7-15 9717 97-14 9R-11 87-18 99-3 Sales. High. 28 9920 1 9«15 28 97-18 163 97-16 871 9%-13 319 97-21 240 99-7 FOREIGN. Sales. High, Low. wres 19 101% 101% 37 R8% R84 6100 99% 97% 97 100% 100% 108% 105% 86% 86% 79 19 78% 78% 3% 9% 99ts 99% 99% 99% 101% 101 100 99% 99% 99% 104 104 101% 103 104 102% 95% 95 45% 45 894 89 1% 9% 93% 93% 108% 96% 91w 97 98% 90 29% 94% 91 B2% 97% 93% 92% 78% %% Lib 3%s. i Lib 1st 4s.. .. Lib 15t 418 Lib 2d 4%s, Lib3d 43 Lib 4th 44s Argentine 7s. Austria 7s Belgium 7%s Belgfum 6 Belgium 8u. Brazil 7s. Brazil 8s. Brazil T%=. Canada 68 1926.... 11 Canada 5%« 1929.. 35 Canada Cunada § Chlle 85 1946, Chile 85 1926. Chile S= 1941, Chile 7s 1943, . Chinese Gov Ry bs. Copenhagen 5%s. . Cuba S otfs F Czechoslovekia 8s. Denmark 8s. . Denmark 6s. Dutch =161 Dutch East I 68'47. Dutch East 1 65'62. Framerican 734a. French Govt 8s..., French Govt 7% Haiti6s..... Holland-Amer 6s. Ttaly 63 s 192! Tapanese 1st Japanese 2d 4%s. . Tapanese 4s. . 51 Tergen U M 65°47.. Lyons 6s. Marseil), Mexlco bs. ... 57 1 63 112 15 6 14 27 thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Low. 16 1% B7% 5 864 86 22 81% Bl% 4 96% 96% 9 79 8% 10 101% 101 83% 83 Baw 84 W% 5% 95% 96% 671 67 1 12% Atchison gen 4s. Close 99-27 9715 97~ 97-15 BX-12 ) 97-20 ¢ 59-6 B& O SW div 3% B & O Toledo 4s... Canadan North 7s. Canad North 6%s. Canad Pac deb 4 Cent of Ga 6s..... Central Pacific 4s. Ches & Ohlo cv hs. Ches & O cv 43 Ches & Ogn 4 Chi & Alton 3%s. . Chl B&Q gn 45 '568. Chi B&Q 1st rf 5 Em Great West 4s. 99% | Chl GrWest 4s (n). 101% | CM & Puget Sa 4s 99% | Chi M &St P re 4% 99% | Chi M&St P cv 5 104 | Chi M&St P 452 103 [ChIM&S Peviys 103% |Chi1 & N'W 6%s.. 954 |Chi & N'W 7 45% | Chi Rys 6s. 294 [Chi RI& P gn 91% |ChIRI1& Pacrf 48 93% { Chl Un Sta 4%s... Chi & W Ind cn 4s. 108% | CCC&St L rf 68 A. 6% | Cleve Term 6s. 91% | Cleve Term G %s. 97% | Colo & Sou 4% 96% | Cuba R R bs. g:% { Del & Hd 1st rf 4s. % | Del & Hudson 5%s 84% | Den & Rio G cn 4s. Det United 43%s. .. Erle 1st con 4s. ... Erle con ext 73 Erie gen 4s. 2% | Erle conv 45 A P84 | Erle conv 48 D. 79% | Gr Trunk sf db 6s. 81 | Grand Trunk 7s 79% | Gr North gen 7s Close. 101% 8% 299% 97 100% 108% 9nis 79 78% £3% L99% 118% 112% 80 100% 85% 88% 87% 84% a1 84% 98% 45% 42% 56 61 56% 2% 55% 107% 106% 8 % 144 89% 70% 101% 95 102% 81% BaY% 84 97% 69% 85 57% 104% 49% 514 55 103% 113% 106% s o » BruolumBElivawSalicona nhns o 0 » Liberal supplies of chickens and ducks are being received and the de- mand s great enough to keep the supplies moving. Many small and poor ducks are on the market, but the demand for them is small, at de- creased prices. Live ducks were queted at from 20 to 25 cents, while dressed stock brought from 28 to 35 cents. There are plenty cholce chickens on the market, some from nearby and others from distant points. Dealers quoted live chickens at from 30 to 32 cents and dressed stock at from 32 to 35 cents. Only a few turkeys have been re- ceived by local dealers and there is practically no demand for them. It is probable that the demand will be Hght until the approach of the Thanksgiving holiday season. Prices range from 40 cents for live turkeys to 45 and 48 cents for dressed stock. Eggs—Strictly fresh, selected, can- dled, per dozen, 42a44; wverage receipts, 40; storage, 34a3b. g Live poultry—Roosters, per 1b..1§; turkeys, per Ib.,, 35; spring chickens, per Ib., 27; keats, young, each, 50a60; fowls, per ib., 26a37. Dressed pouitry — Fresh spring chicken: 5 ers, per 1b., 30a35; hens, per 1b., 30a3% turkeys, per 1b., 38a40; keats, youug, each, 80a85; roosters, per Ib., 21a22. Live stock—Calves, choice. per ib., 1214413; medium, per 1b., 11a12; thin per 1b.,'8a10. Lambs, spring, per 1b., 14. Live pigs, 3.0025.00 each; live hogs, per 1b., §%. Green frults—Apples, new, per bas- 50a2.50. Callfornia oranges, per crate, 6.00a7.00; Florida, 3.0026.00. Lemo: per box, 4.00a5.00. Grape- fruit, 3.50a4.60. Peaches, per basket, 1.25a2.50; half-bushel basket, 7ba 1.25. Grapes. Concord, twenty-pound basket, 75a1.00; two-quart basket, 22 26; Colorado Lopes, standards, 1.00a2. honey dew melons, 1.504 - killed r—Potatoes, per bbl., No No. 2, 1.50a2.00. Potatoes. round, per bag, 2.75a3.00; New Jers: plant potatoes, per bag, 2.50a2. sweet potatoes, 3.00a3.50 per bbl. New s e (ONSALELOCALLY {$10,000,000 Offering s ' Brought Out Today—Broad i Trading on Stock Exchange. i an of $10.000.000 of § per cent }r- 1al loan sinking fund goid bonds of the republic of Finland, due o September 1, 184 and non-redeema ble except for the sinking fund, was brought out locally today by the Nu tional City Company and Dillon & j Read Co. The contemplated loan was orig nally placed at $12,500,000, but a hitch In negotiations deveioped last Tues day night, which resulted in a re duction of the obligation, Under leglslative enactment, land contemplates in 1924 the expen diture of £16.500,000 on public works tncluding raflroads, harbors and hy droelectric resources. All but 7 per of the nation’s railroads ar. under government ownership, and the country also holds title to large tim ber lands. roment holdings have been appraised t $ 000,000, as agalnst total indcbtedness of $108, 319,500, including the country's = debt o this government peak on Banking. ans, jr., vice president o Riggs National Bank, will address 1 Columblan’ Women of George Was |ington University next Tueeday nigh “Ban ans' address js the third o of practical talks, to whic! public is inv World Wags, sung ladies of the university Trading on Local change, Well modulated trading again { Barnesdall (A). ‘B.lrn-'sd:\ll (B). | Bayuk Bros. ... tured the local stock slon today. The scope of transactions was wider than at any time in se; eral months. Ratlway preferred sold at 70% an . With Lanston ruling unchange Capital Traction brought pa £0 ) Gr North gen 5%4n. 50% | Havana ERL&P 58 85 | Hud & Man ref 6s. 97% | Hud & Man ag 6s. . 1111l Central ref 4s. . 94 | 111 Central 534 85 |11} Cent ref 68°55. 83 11Int Rap Tran 6s 72% | Int Rap Tr 53 stpd. 6 | Int Rap Tran 6s... 107 |IntRap Tran7s 191 |Int &G Nor a6 96 | Int & G Nor 1st 6s. 90 {lowaCentifés.. 3 |KanCity Fts4a. a7y | Kansas City 83s. . $7% ! Kan City Term 48 | Lake Shore 43 ‘28 104% | Lake Shore 4s'31.. 2: 112% | Lehigh Valley 6 ,?Et Long Island rf 4 101 | Louls & N uni 4s 1% | Louis & Nash 514s. P7 | Louis & N 58 2008.... 103 110 | Manhat Ry cn 4s Market St cn 5 ¢g {MUEIRy&L5a. agy | M&StL1streds 931 | MStP & SSM 6%s 934 | y ol | ME&Tistds.. 36% |tional Great Northern adjustments 1 | Were heavy to weak. There are a 74% | few exceptions. Chicago Railways 5s 4w, |Ealned on small transactfons and 337, | Hudson and Manhattan Incom*s were o |little changed. The Hudson and anhattan earnings statement for ptember made a very good show- 43% [ ing. For the month surplus after 87% | charges, including full interest on the adjustment bonds, was $108,991, {against §56,193 a year ago. For the 45% | nine months of the calendar year the 1% | fiures are $863,826 in 1923, against 187% 1 $510,746 in 19 66 Foreign Issues Irregular. 1% Quotations for foreign bonds were g1 | cqually irregular. Dutch East Indies y2 | issues and Belgium 6s were notably 77w | firm. Other European bonds w 30w | Qull. Among the South American ob- % ligations the Bra continued 14% | heavy. Republic of Bolivia % | fractionally from the extreme low {reached Wednesday afterncon. Wed- lfi‘ilnvxlh\y‘s decline coincided with the | York lettuce, per crate, 1.50a2.00. Cab- bage. northern, 2.00a2.25 per 100 pounds; nearby, 1.00a1.50 per bbl. Eggpiant, per crate, 1.00a1.50. Toma- toes, half-bushel basket, nearb: . B 00a7.00 per bbl ‘ork celery, per crate, washed, 4. a Wash 01 34 K 5.50; in rough, 2.60a4.00. S en O apie) a3.00. Peppers, pe 4 he extent of twenty 50a75. Kale, per bbl, G 2 5, with Amer ach, per barrel, 1.00a2.00. unchenger grown _lima bea per quart, brought 299 New York cucumbers, per Continental Trust Company 90, 20083, Sugar corn, per Various prices ruled the bond e Another Bond Offering. W. Straus & Co. ure offe g e of $9.000,000 first mortgage T cent three to twenty year serla coupon bonds of the Developments Cor atich of Detroit. secured properties in Detroit app S In excess of $16,000.600, the principe ones being the new twenty-nine-story Book-Cadiliac Hotel, the Real 1 e building and Woodwar uilding. All the stock of th Developments Corporation is held b J. P. Bool ir. “rank P. Book and Herbert V. F Coupons are pay {able October 1 Book-Cadillac Hotel ‘and April 1. T ed, will contain 1,12/ now being erect guest rooms an will be the tallest comme in the world. clal hote CENSUS BUREAU REPQRTS LESS COTTONSEED USED Larger Supply on Hand at Mill in September Than at Same Time Year Ago. The cottonseed monthly ssued t cottonseed two-month September in that peri o | were 4193 o 2lhand at s COTTh | o@ with 405,443 a ago. 1201 “Cottonseed products manufactured In the two-month period and the quan on hand September 30 are as f ana )l:‘lw on hand September 30 are as fo new 234, ude y, i5a85 ushel; | povmis . spot, 783 per bushel. teceipts, 64 tous. Receipte of grades of timothy and light are light, and under a good ! and constant demand for hay of this{com rt the market rules firm. Quotations No. 1 timothe; 5 .00 per to 50a27.00; No. 2.00a25.00 ht clover, mixed, 24.00a25.00; No. .1 clover, mixed, 25. 25.50; No. 1 clover, 24.00a24 Straw—No. 1 tangled rye, 15.00a16.00: No. 1 wheat, 13.00a14.00; No. 1 oat, 14.00 &15.00. Rap Tran Sec pt Mexico 26% i Br Em Stl 2d pt. L BKiyn Edison. . | Biiyn Rap T (5., .} | Burns Bros () tith | Butte Copper. .. Steel common moved with | SRUE COPBEL the rest of the list. Independent Steel | : A were comparatively —neg- i Butterick {Caddo 011, Lee Rubber Has Sinking Spell. | calif etrol.. . Rubber and tire shares continued to | “allahan Zinc.. feel the effect of the price cuts, theAnadban iac latest Instance being the Goodyear | Case Plow Wka. announcing its new schedule to meetj entr. ealn ihe reductions of its ipetitors. Leée | ent Leath pf.. Rubber and Tire e a new low ‘erro de Pasco. und its price around 13 did not inepire | Chandler Mot confidence in tl e main nee of the! ‘nesup & Ohi two-dollar dividend. The notable eX- | Ches & O pf w . ception in the tire up was Ajax!opye mac . Fubber, which sn)rll up over & oIt | apie By e from Wednesday's low. it Since their admission to trading on »\::;”::‘!’l, the New York Stock Exchanse..a ! il ot \week ago, the preferred and common | <t Al &St 1 pi stocks of the National Supply Com- {Chl& Northwo. pany of Delaware have attracted | ChiPneu Tool.. some attention. The present dividend jvhi X1 & ) ac.. of $3 annually fs evidently well forti- { Chi R 1&P 7% pt fied by the favorable carnings, which ! Chile Copper. .. in the first half year, amounted to| mmo‘opper $11.50 per share on the common after [CCC& St L. provision for the preferred stock. It ! ocu Cora is expected that twelve months will [T UFornlt: result in the largest total of met ooy " ce- profits In_‘the corporation’s thirty {018 EACREL S ears’ operations. : YW attonal Supply is an _equipment | Col Graph iy corporation of the oil industry. Jt's |u>tasulNY. earnings have been more stable than | ons Textile those of the industry which it serves. |- oni tan V For the last seven years average ContCanpf.... profits have amounted to more than |»wuu.\.|.~. Mot 510 per share on the present 241,000 | orn Froducs A shares ot common stock. Cosden & Co Lo | Tide Water OIl. Storage Battery Strong. | Crucioie Seeal.” B i ook o inken Bearing Among the speclalities which have t“""";- "_"=w: % X h»:::g H:gA done especially well in the mor x—e-iku AESRERL TovaccpRrcas cent market is Electric Sh:nu‘ir;\um - st ob Scep FebiE: ery, whose earnings and dividend | ane s pr. Liuna Cont Y ;-u'xo«k are responsible for the com- | Cuban Dom’'can. Transue & Will. parative steadiness of the stock.| ,.viauon Chem e Zotest informatioy Sudieaies ot Wi | it Hudion. ; Cnion I'ac pt. <ome al o of $12 a s { i “nion 'ac against the regular $4 dividends. An | phack & West. Ll extra disbursement, bringlng the rate ' Letroit Edison TR to $4.75, already has been paid this | sotie slines. .. { Un Drug 1st. ¢ vear, and it is believed that §1 or bouslaslorpn. | Lnited Fam more in addition to the regular divi- | supunt ). | Cnited Ry Inv dend will be authorized at the De- | wamiman iodax | Ctd Ry tuv pr. cember meeting. PR U > Cast I Pipe. In view of the precipitate decline in | FT0N AX £ S Food Prod Jones Tea shares recently, it has BdeCBlr But S indus Alco, heen taken for granted in the street | End coit-gohn. that the dividend would be either cut or passed. The stock has been pay- &f . i .. ing $4 nnually. However, instead | wrie 4d pf. . of having net income available for | * the stock of $10 or more per share, it | is understood that the earnings have Jeen about 35 to $6. A reduction t $2 has been predicted. i nbber and tire shares continued N 1o be pressed for sale in the late Gen Am Tk Car. afterno Lee Tire dropped below | ven Aspisit,... 13, and Goodrich made a new low for ! Gen Cigar. 2% H the vear under 19. United States{uen kacetric. Rubber also was around its low. Vir- | Gen Klec spl. ... ginla-Carolina Chemical stock finally | Leni siviore. . .. sympathized with the sharp break | Gen Mot 6% deb, which had occurred earlier in the | oonpelbroy oo day in the company's bonds. Weak- ¢ v Gimbel Bros pf. ness appeared in one or two other |FLE! BTON specialties, notably in Coca Cola, in {S0MWilLCOID. .. which there was supposed to be a |‘svvaiien long standing short interest that |[$00dricn pf. would not be averse to covering. Guouyear pf In the last hour Mercantile Marine | uranoy Lony preferred, Atlantic Gulf and West In- | ul Norihera pi. dies and American International were | ureat sur Ure. Bid up on reports that the shipping in- | Guantana Sug. . dustry had turned the corner and tht | Sy s, stees. .. - thero” was more of a demand for | il charters both on the Atlantic and the | Hartman Corp. . Pacific. With the exception of the | tiartman rights. pan-American, in which there was|aaeyes Wheei. Still talk of new financing, oil shares | avusen d rrod. were fairly strong. Cosden, which | aouston Ol ... Tad closed at 25 on Wednesday, got ! suason Motors across 36 toward the end. The accus- | Hupp Motor omed leaders like Raldwin, Stnde- | y baker and American Can moved with- | iilinois Centrai. i the smalieat radius they hnd injindOll&Gas... snguanona many days. - | *Ingersoll-Rand CLOSING IS IRREGULAR. |jiwsioui, { cuspiration. Shipping Stocks Pushed Up in |antert Rap ™ in Ag Chemical. Final Hour—Rubbers Weak. | -1 toascoirr i Int Mer Marine. PR snt Nieked. .. Norway 6s 1943, Norway £s 1952 Orient Dev deb 6s Paris-Ly's-Med | Rep Ir & Stl pf. Prague 7%s.... olds Spr. sbac (B). oyal Dutch.... Joseph Lead. | St L & San Fran I, South pt an Ceell Sug. ‘e Arms “chulte Stores. “enrs Roepuck hell Tr & Tran. il Coloa. .. hell Unlon pf Simmons. ~inclair Of Sinclatr pt.. Skelly O South Pacific. “outhern Rwy. . Southern Ry pf <picer Mti Co. <t Ofl of Calif. { <tand 91 of N 3. StOfl of N J pt. | Sterling Prod.. { Stewart-Warnes Strombg Caro. Studebaker. Submarine Bt.. | superior 1. L0 | 4, | Tenn Covoer... 474, | Texas Company 105 | Tex Guif Suiph. vl | Trx & P C & Ol 1.3% | Third Avenue. and Tru Ban, buskel. dozen, IR R AN AN N e RS AR N0 CHARENNRR R A Rio Gr Do Sul 88 Sao Paulo.City,8s.. Sao Paulo.State.8s. Seine, Dept of. 7s Serbs Crotes Sio 83 23 weden 6s. .. GRAIN AND PROVISIONS. S, BALTIMORE, Md., October 18 (8 clal).—Potatoes, white, 100 pounds 00; 150 pounds, 1.00a3.5 ms, barrel, 1.00a2.7 1043 2% - . “ 6Kl Ud Kingm 51%5°28. 1 1% 7d Kingm 5%5°37. 39 101% 101% { Ud Steam Copen 6s 5 87 | Cruguay 8s =y 103 Zurich 8s. 3 109% MISCELLANEOUS. Ajax Rubber 8s... 4 8B4 Am AgrChem 7%= 99y Am Chain s f 6s'33. 9145 Am SmIt&R 1st 53, 91y 102 101% 116% 98 92% 56 9u1g 9644 834 97 97 ans, 100, 2 bushel, bage. per 100, 4.00a6.00; savoy, bus alel, 50a60 100. 4.00a6. caulifiower, .50a3.25; dozen, 35a dozen, 12a20; egg plant kale, bushel, | 15a25; ions, 834 | expiration of the time for bonds to be tendered to the sinking fund grade rails and industria ere steady for the most part. | States government loans sold Wednesday's levels. 17 MILLS HOLD CLOTH. 54 | &% | Unwilling to Sell Unless They Can Get Good Prices. Y6% | 100 | 214 , Special Dispateh to The Star, | NEW YORK, October 15.—Cotton % | goods markets were firm today, with 404 considerable selling for delivery after 57 |the turn of the vear. Mills, with an 7% leye on the raw cotton market, showed 9% |no great anxiety to sell unless they 99% | could uc(filflh?il’ ]\Yu] 5 The quotation 4 lon 64 by print cloths was 10 and 5 oo 68 by 72, 32 eents % | Brier 11 St st 53 64 | Quotations on Japanese v silk | Bklyn Edison 73 D 110 (dropped from 5 to 15 cents in their | EKlyn Ed gen 5s. .. \trend toward the prices prevailing in | Bush T Blde 5s'60. {the Japanese primary markets. FBuy- | Central Leather 58 {ing in the silk market was apathetic. | Chile Copper 5 127% | { Commonwth P 6s.. 11-«% WOOL MARKET DULL. Con Coal Md 1st 53 103 iCuhzn-Am Sug 8s. AT i 3 Cuba Cane cv d §s. 171 |Not Nearly Enough Business to|oooaganecvis's0 Keep Mills Busy. lettuce. 100 pounds, plants, per 106, 5.00a8.00; pe : basket, 20a60; pumpkins, per 100, 5.00 al0.00; spinach, bushel, 35a65; squash, 30u40; tomatoes, basket, 40a packing stock. bushel, §9280; tur- nips, bushel, & bush 29 2 i 1n2 101% 116% 7% 92% 55 98% 96 83% 97 975 884 2% £6% 13% Glbe | 82% | 116% { 5. 6Ly 96 9 24 8% a0 57 4 97 9934 842 56% 87k 10078 2% 30 127% 7% 108 80 47% AmT&Tcltrss.. JAMT & Tcltrds.. Am Writ Paper 6s. Anaconda cv db 7s. Anaconda 1st 6s Armour & Co 43;s. j Atlantic Refin 5s.. | Bell Tel Pa 63 | Beth Steel 5% | Beth Steel rf bs. { Beth Steel pm 5s. . {Beth Steels f6s... barrel, B loose, barrel, 1.50a 50a1.00; basket,” 20a50; cantaloupes, crate, cranberrie: barrel, 4.00a ass; grape msons, bush- box, 3.25a4. {pears, bushel, 2.75a1.00; basket, {20; quinces, bushel, 70a1.25 Settling Prices on Grain, ‘Wheat. No. 2 red winter, spot, Il 09%; No. 3 red winter, spot, 1.06%5; N red” winter, garlicky, spot. . 3 red winter, garlicky, 825, | SPOt, 1.0014; No. 4 red ter, gar- 1035¢ | 11ckS. spot. 1.0 % | Sales—None. 92% | Corn—Cob, old, 5.30 barrei; 92% | corn, spot, 1o quotations; tr 79% | vello Na. old or 'better, 1004 80 4§ 107% 107% 2.00a4. o o Pacific gn 4s. OTex & M in 5s. Y Certgen 3%s. ¥ Cent deb 6 Y Centribs ¥ Cent cn 43 '98 ¥ Y Cen LS cl 3% Yew Haven c d 68, ® 1% 2 37 gg.‘ 1.083% products port of t ay, st industr; Norfolk & W cn 4s. 3 . | Northern Pac 3a. % | Northern Pac - o | Northern Pac 58 | Ore Short L ref 4s. | Ore-Wash 1st rf 43 107 * | Pennsyl gen bs. G414 | Pennsyl gen 4% 57" Pennsyl 6%s 103% | Pennsyl gold 7a... S5 " | Pennsyl con 4%s. . 10714 | Feorio & E inc 4 m:;“_ | Pere Marq 1st 58 s | Fere Mrq lst 4s°56 6% white. | Det Edison ref 6s.. 3 i Donner Steel 7s. .. | Du Pont de N Tibs. { Duquesne Light 6s nufacture: 25 8% | special Dispateh to The Star. > h BOSTON, October 18.—The raw | I3t CubaSug T%s. v market was dull today, with | Empire G&F 7is. istic estimates going the rounds | Fisk Rubber8s. ... t there is not enough business to | 0% | keep 60 per cent of the woolen and Geon Refractres 6s. 37% | worsted machinery in the New Eng- | Goodrich 614s..... 11y |land m.l: busy. Manufacturers, un- | Goodyear 8s 1931.. 14% | willing to make goods for stock, are | Gocdyear ¥s 1941. . . {contemplating shutdow Mo:t of | Hershey 65 194 8% lthe raw wool now being s01d is £oing | Fumble O&R 5348 T {into the export movement. Receipts | 1llinols Bell 1st 6s. k@l jat Boston Wednesday were 1,228 bags | nion: Sreel 5o, - 16 | of domestic wool. s dadan oy 9% | | 231 TOBACCO RECEIPTS GAIN, | KC7 &Lt o & |KCP&LtssA's2 | * | Kayser (J) 7s..... a8t | Kelly-Spring 8s... 12 | Last Season’s Record Already Beat- | Lackawa S 55°50. . 8% § | Liggett & Myrs 5s. en at Raleigh, N. C TEN Lorillard (P) 5s... RALEIGH, N. C., October 18.—The 03 ,182,712 pounds and on hand with 54,863, ¥2 | Rapid Tran 68 108% | Readine gen 4i {RIATk & L 43%3... Joe | St L IM&S R&G 45, 01 {StLIM&S4s29. \15% |StL&SFpl4aa., 60 |StL&SF prin 5. 97y |StL&SFinces g% |StL&SF5%sD. ‘1StL&S Fadjés. *|StL&SFplesC. | St LS W con 4n'32, Seab'd A Lref 4s.. Seab'd A LadjGs.. Seab’d A L con 6 Sou Pacific 45 1929, Sou Pacific ref 4s. ! Sou Pacific clt ds. . | Southern Ry 18t 5 | Southern Ry g0 4; i Southern Ry 6%s. | Third Ave adj 68 Tol SLL & W 4s... Tol StL & W 3% Union Pac 1st 4a. Union Pac cv 43 Union Paccv 6s. .. 101 | Union Pac 1st rf 53 45 | Virginia Ry 1st 6s. 194% | va Ry & P 1st 5s... 943 | Wabash 1st 5s. 944 | wabash 2d bs 100w | Western Md 4s 7% | ‘Western Pacific 5 107% | west Shore 1st 4s.. ¥2 | Whel &LE rf 4%s. 891 : Wisconsin Cent 4s. “0% | 103 100 8 1! 1525 INCOME TAX EXEMPTION 1" ON TRUST ESTATES URGED 99 934 | 87 | 964 | 64 | 82 | 943 | 1. . S>Steel pt. | Gtah Securities. \ anadium Corp. | va-Car Chem. .. C Cnem pf.. { Vivadou Wabash .. A abash pf (A). Waldorf (new). | Welis-Fr Exp. . | West Elec pt. | »esiern Md. West Pacific. Western Union. W esthse E1&M. @nd mes compared with 173,6 47,006 tons, 138,417 . and compared wit 894 bales, com pared with nd on hand 35,410 bales, compared with 45.730. Exports of linte the month peri pared with 7 HARDWARE JOBBERS SAY AUTUMN TRADE IS GOOD W YORK, October 18.—T¥ notable feature of the hardw ket at present from the jobbers' vies point is the fact that current sale are materially better th in the fall of 1 weekly summary by H: “Retallers, although ordering in small quantities,” savs the summary "are making frequent purchases. Re ports from ugricultural districts ind!- cate a prevalence of a feeling that present prices are too high. Prices on spring goods for next vear, for which orders are now being taken show slight advances. “Jobbers are urging retailers tc order their holiday requirements s possible. as it is reported pprehension exists avout tages.” pmeme L FOREIGN EXCHAN October 18, 1928, tons furnished by W. B, Hibbs & « minal Belling checks Famous Plavers Fd Mines&s p: “1Lh Ave Bu: i5n HODEF. 004 o % (ST R T O S PPN < Sl PSP RPN~ S or . two- , com DAIRY PRODUCTS, BALTIMORE, Md., October 1S (Spe- clal).—Live poultry—Spring chickens, Leghorns, 20a22; old hen: Leghorne, 18a22; old roosters, 15 ducks, 17a2 pigeons, pa! Raw firsts, do; Butter— 1b, 45a48l:; prints, creamery, 38ad2; ladels, 34a35 28a32; ‘dairy prints, 28a: butter, 38a89; store-packed, CHICAGO LIVE STOCK MARKET. CHICAGO, October 18.—(United States Department of Agriculture).— Hogs—Receipts, 45,000 head; mostly 25 lower; bulk good and choice 240 to 325 pound butchers, 7.60a7.75; top, 7.75; better_grades 170 to 230 pound averages, 7.35a7.50; packing sows, 6.50a7.75; slaughter pigs, 50 lower: desirable welghty kind, 6.00a.50. Cattle—Receipts, 18,000 head: very slow; prospects 15 to lower; early top long vearlings, 11.50; some held around 12.00; late top Wednesday on welghty steers, 12.25: bulk fed steers and vearlings today, 10.00a11.00; other {classes, slow, generally steady: bulk vealers to packers, 11.25a11.50; up- ward to 12.75 and above to outsiders Sheep—Receipts, 14,000 head; slow: | few carly sales fat native lambs weak | Lmd0n. pos to around 25 lower; feeders Steady; | perin. fran: sheep scarce; about steady: few early | hrassels, franc.. sales native fat lambs, { Rertin, ‘mark. 9.00; feeding lambs, Rome. tive breeding ewes, Liaxieh, tHmc..-- | Madrid, peset Vienna, Buds ¥ et Lorillard (P) 7s. % obacco Growers' Co-operative Asso- | Manati Sug st 7k W he Eeg o O e 1an Necaivea vme otPodtiace | Mer & Mtx o1 s 42 White Mot il lpounds of tobacco from the South | Mexican Petrol 8s. fris 48% [ Carolina_and eastern belts this year, | Midvale Steel 6s. .. Wikt {according to an official report made | Montana Fower 5a, | Wickwire, public here at a meeting of the as-{Morris&Co 1st 43%s Wilson Co. sociation’s directors. { Nat Tube 1st 5s. ... Wiliys-overld. With a majority of the North Caro- | New Eng Tel 5. Willya-Overl pi lina crop siill unmarketed, It was| Ny Edsy 1st 6% Woolworth stated, the amount of tobacco thus| N y mo eq 4 Younkstn Tub far_received by the assoclation in|N ¥ Tel8s 4y these two belts exceeds the receipts | N ¥ Tel6s'49.. for the entire season last year. NY Tel 4%s. Operating expenses for the three|N Am Edison 6s... belts comprising _the association | Nor Stales Pow fs.. amounted to $1.66 per hundred NorthwstBTe. is. pounds for the handling of the cntire | Otis Steel % .856 0u | 122 crop, which amounted to 156,000, | s Pacific Gas & El 68 {000 pounds, according o figures tasucd E Gua& RLbs acific s 62 » WALL STREET BRIEFS. today. Pan-Am Pete 75. .. odha | - e SHOBT-TERM SECURITIES | Eilic o0 Ts'id 1013, | Hotel Bonds on Sale—Firms Re-| 1Quotations furnished by Redmond & Ce ) g port on Earnings. Producers & Rf 8s. 124 EW YORK, October 18.—An issue 9 i 116 97% 105 1044 850 9% 79 99% 74 684 101 45 72 95% 92 954 102% 99% 934 86 95 85% bak% 80 79% 48 47w 6% 6% TOTAL SALES (Par Value): 11a.m.. 2449000 12 noon 3962000 -85 990 93 86 95 85% Bk 80 9% 48 Tok% 5 261% bdly *0dd lot. High. Low. fast. Call Money..... 44 4 4 HOURLY SALES OF STOCKS. 142 200 12 m.......226 200 07 700 2p.m.. to NARBBBNAOEN RN AN B ———a 58% 80 o2 79% ome le & 90% 103 100 83 102% 109% 77 1074 99 934 874 ¥6% S04 82 943 l(u'—‘o ~——Noon.— | Producers & R 8s w w| N Offer. vice 6s.. Aluminum Co. of Amer. s 102 A el ‘3% iof $9,000,000 first mortgage 6% per " cent three to twenty years serial Alus f Amer. 7s 1933. 1061 American’ Cotton OIf 8 1024, 09%; | Sharon St1 H % | Sinclair Oll 7s. ',?(:gcoupun bonds of the Devslopment is being sold Amer can Sugar Us 1937 1016, American Tol. & Tel. moa : Sinclair Ol 6%s... Joiis ! Sin Crude Oil 6s. 7ok | Corporation of Detroit 52 |to the public by S. W. Straus & Co. back of the American Tel. & Tel. 6 1024 | o-n Crude Oil 5%s5. 75% | Among the properties Co, s 11.00; culls, Cof 12.60213.00; na- 50a6.75. TODAY’S CHICAGO PRICE CHICAGO, October 18.— Assertions | that leading British firms had con- | Distinguished Lawyers Begin Arg- uments Before Supreme Court. Income tax exemption on payments By the Associated Press, NEW YORK, October 18.—Chlef in- jterest in today's quret stock market | Int Nickel pf. centered in ordinarily inactive spe- | wveae.. sialties, which showed mixed price |4ntShoe. Anaconda Copper 6s 1929 Angio-Awer.cun Ol Tigs anadan Northern Bs 1924, | Central Argentine Rwy. 6s 102 1024 | n Pipe _ine 5s... % ! South Bell Tel 5s. viwie UL L chang Merchandizing and chain | & store lssues gave the best demonstra- | FoR Frod cifs.. tion of group strength. The usual | 4UR Foducis.. industrial leaders fluctuated within |48/4n0Ul.. ..o narrow limits, but showed a slightly | Jewel Tew...... improved tone. Sales approximated |yones Tea ... 450,000 shares. Jones & L'gh pf. The closing was Irregular. Some of the rubber shares established mew | hunsas City S. 1923 lows in the final hour, and the | Kayser (Jullus) pan-American Issues also turned | heity-5pr Tire heavy, but shippings were bid up 1% | Kelsey Wheel.. to 2% points, B byt —_— acysione . Lee T & Rubber. GETS SHIP CONTRACTS. |Leer s Ruvber Lima Locomo ‘Newport News Company to Build |Loews Inc.. Two New Boats. | Loose-Wil 1st. . Lorilisra (F). .. NEWEORT NEWS, Va., October 18. —The Newport News Shipbuilding ind Dry Dock Company today an- | Mack Trucks st ounced receipt of a contract to build | Macy Co........ two frefght and passenger liners for | a=uinson & Co. the Old Dominion Steamship Com- ; Manati Sugar... pany. The ships will be 375 feet 6 |Man Elinv guar Inches long, 53-feet beam and 29 feet | Manhat k1 Sup.. Y inches deep. The contract price has . Manila Bl Corp. not been made public, Miaracaibo vil. .. FEWER SURPLUS CARS. NEW YORK, October 18 (Special). —According to the American Railway Association surplus freight cars in %00d repair totaled 34,138 on October 7, & decrease of 7,607 from September 80. At the same time the car short- :'z;s:’ncre-ud 829 cars to a total of Mack Trucks... Market SLRy. .. Market St prior. Mariund Uil. ... Mar:in-Parry Mathison Alkill. Maxwell (A)... Maxwell (B)... May Lip Stores. . Mex Seaboard. . Miami Copper Middle St Ofl. Mo Pacitle.” Mo Pacific pf. Mont Power pf.. Montg'y Ward. . ———— ' Boxing matches between women, which have been a feature of Berlin’ night life for months, are now pro- Bibited by the police. 76 14 58 634 16% 106 1648 0% £2) 1% 290 52 22% 274 314 87% 104 k3 8% 22 6% 9% 264 104% 22% ° 405 | 5% b 16% ' 285 1v8 17% ! B4y 2l % w2 1% 1% 59 o4 6% 106 o4 70 94 61% 294 524y 1% 36 91w 13 8% €6 22 27 8% 874 1 0% 80 5% 22% 5% 9t 26% 104% | issue is the New Book-Cadillac Hotel inow being erected in Detroit. Net income of the Pacific Gasg and i Electric Company for the twelve months ending July 31, 1923, was $16,684,167, as compared with $14,- 1324.728" for the previous twelve {months. Payment on December 1 of a quar- {terly dividend of $1 on the common stock of the Cuba Company, which owns the Cuba Ruilroad Company, {will mark the first payment on the {company's common stock since Au- | gust, 1920. |~ The New York Air Brake Company reports net income for the first nine | months of 1923 of $2,245.551, or the equivalent of $7.48 a share on the class A common_ stock. The Standard Oil Company of New Jersey announces it has met the re- | duction of two cents in gasoline by, jthe Gulf Oil Company at all points | in its torritory. The new tank wagon i prices range from 15% to 183 cents ‘a gallon. i _ Stockholders of the Public Service Electric Company, a_subsidiary of {the Public Service Corporation of ! New Jersey, and the United Electric Company of New Jersey will meet { November 5 to vote on the question of ratifying a merger, | Substantially all of the stock of the two companies is owned by the! i Public Service Corporation of New | Jersey, and the proposed merger is {merely to satisfy the corporate structure. the Naumke: Shareholders _of Steam Cotton Company have votec a stock dividend of 100 per cent. The capital stock will be increased 33,- 000,000 by issuing 30,000 new shares. ——— Friday was the most popular day for weddings among the Jews in medieval times, dears, Roebuck & Co. T8 1923, Standard Oi] of Calif, 5s 1925. Swift & Co. Bs 1962, Tidewater Oil 6%s 103i.. Union Tank Car 7s 1980. U. 8. Rubber 7%s 1080. Western Union 64s 1936, Westinghouse E. & M. SUGAR FUTURES DROP. Raw Sugar Also Easier in Tone in Today's Market. NEW YORK. October 18—WHile raw sugar had a somewhat easier tone early today, business was done at old prices, including 21,500 bags Cubas prompt to a local refiner's at 5% cost and freight, equal to 7.66 duty paid; also 7.000 bags Perus 5% c. i f, equivalent to 7.59 for Cubas, duty paid. Raw sugar futures were easier, declining 3 to 6 points at the opening. December later weakened from 5.20 to 5.12 under liquidation due partly to the easier spot market situation Prices were 3 to 12 points net lower during the ‘noonghour. So Por Rico Sug Sug Est Orient Tenn Elec Pow 6 Union E 1& P 6 U S Kub 1st rf 58 U S Rubber 7%s. .. U S Steel s £ 5s. Utah Pow & Lt 5 Vertientes Sug 7s. ar Chem 7s.... Car Ch T8 W. | Warner Sugar 7s.. Wastinghouse 7s.. Wickwire Spen 7 Wilson & Co 15t 6: Wilson & Co cv 6s. Youngstn S & T 6s. 62 SURY CERTIFICATES. (Quotations furnished by Redmond & Co.) 100% 95 92% 64 84% 104 102 88 9% 82 62% 108 107% 90 95% 84 93% 100% 95 9214 rd% 104% 102% 88 82 634 108 1073 90 956% 84 vin December 15, 1923. March 15, 1624 Mazen 15, 1324 Reats 100 23.32 100 27.32 100116 100 562 90 1816 99 16-16 99! 99! Wohas 100810 90 118 99 3-16 100532 100 932 W% 9% FOUR DIE IN SHIPWRECK. ST. PETERSBURG, Fla., October 18. —Reports that four negroes, compris- ‘ng the crew of the fishing smack D. Cash of Tampa, had been drowned oft Egmont Key Saturday, were brought In here by fishermen. It was reported that a small six-ton boat had been seen just before a heavy squall and that after the squall pas-ed it had disappeared. No trace of the crew could be found. 96 | 964 | ! made to beneficiaries of estates de- vised in trust was urged yesterday be. fore Attorney General Daugherty by resenting trust estates. John W. Davis, former ambassador {to Great Britain, Miller of New York. and Justice departments also were represented. about $200,000,000 In revenues was involved in the question at issue. CONFESSES IN SLAYING. SALT LAKE CITY, October 18— Robert Sanders, twenty, one of three youths held at San Bernardino, Calif., has confessed to the murder of Patrolman David H. Crowther of Salt Lake, whose body was found on the bank of the Jordan river here last Sunday. Chief of Police Joseph Bur- bidge received @ telegram from San Bernardino stating that Sanders con- feased, but exonerated his two com- panions. RATES ON BAR SILVER. LONDON, October 18.—Bar silver, 31%d per ounce. Money, '2* Discount rates, short bills, 3a33% per cent: three-month bills, 3%a3% per cefitfiw YORK, October 18.—Bar silver, 633 ; Mexican dollars, 48%. TODAY’S FLOUR PRICES. MINNEAPOLIS, October 18.—Flour unchanged; shipments. 5687 barrels; bran, 28.50a29.00. ‘Wheat —No, 1 northern, 1.156%al.19% December, 114%; May, 1.18%. Corn—No. 3 yel- 16w, 98a1.01. Oats—No. 3 white, 38% a39l4. Flaz—No. 1, 2448247, cluded arrangements with Russian |WiTaw, mert co-operative associations to finance | Crristiania, crown. the export of Russian grain had some | Stockholm, crows. a large delogation of attorneys rep-| and_former Gov.| The Treasury | It was indicated that | bearish effect here on the wheat mar- { ket today during the early dealings. Heading the array of counsel wero | A decline in Loverpool quotations act- ed also as a weakening factor. On the downturn In _prices, however, commission house buying increased. The opening, which varied from un- changed figures to 3% lower, with December 1.06% to 1.06%, and May 1.10% to 1.11%, was followed by a moderate setback all around. Corn and oats were easfer, owing to a forecast of better weather. After opening_unchanged to 3 lower, De- cember 77% to 77%, the corn market underwent a_general sag. Oats started unchanged to %a% off, December 423%. Later the market de- clined a little more. Provisions reflected weakness in the hog market. WHEAT— December May July CORS December Open. Close. 1.08% High. 1.08% i 108ty 1217 10.67 9.40 0.12 NATIONAL BANK CLOSED. ROSWELL, N. M., October 18.—The Citizens’ National Bank, with depos- its exceeding $1,000,000, was closed by a national bank examiner today. No statement was made 7 329 By the Associated Press, NEW YO , October 185.—Foreig: exchanges easy. Quotations (In dol lars): Great Britain, demand, 4.52%; cables, 4.52%; sixty-day bills on banks, 4.50. France, demand, .0585; cables, .0596%. Italy, demand, .0452% cables, .0452%. Belgium, deman .05153% » cables, .0516. Germany, de- lmand, .00000001125. cables ~000060011 Holland, demand. .391 cables, .391 Norway, demand, .154¢ Sweden, demand, .2 Denmark, de- mand, .1753; Switzerland, demand, .1794; Spain, demand, 1350i¢; Greece, ldemand, .0157; Poland, deman 1000001%; Czechoslovakia, deman il0298; Jugoslavia, demand, .0118' Austria, demand, .000014; Rumanis, demand, .0047; Argentina, demand Brazil, demand, .0855; Montreal, 813-18. NEW DISEASE IDENTIFIED. PARIS, October 18.—A mnew diseas that has baffied physicians has ap- ! peared in the region of Lille, eays { & ispatch to L/Oeuvre. After an ex- | tansive research the Pasteur Institutc | has identified the germ a~ the amoebu of dysentery. It is supposed to have been Imported with Chinese laborers from Annam. It is caused by & micrc scople but tough parasite in the testine. The. Nile is believed o’ contain eater varlety of fish than any rive n the world, 9,000 kinds having ‘besn ace ed for