Evening Star Newspaper, October 20, 1923, Page 12

r-1 STOCKS MOVE UP BRISKLY AT CLOSE Tobaccos Start Buying | Wave, Which Is Pushed | Along by Short Covering. By the Assoclated Press. NEW YORK, October 20.—Stock prices drifted aimlessly and within narrow channels during the first hour of today's stock market session, speculators being unable to find any clue to the business outlook from the Weekly Mercantile reviews. Further accymulation of the to- bacco shares, Which advanced 1 to 3 points, and buying of some of the representative railroad stocks and in- dustrials, notably Baldwin, Stude- baker, Corn Products, United States Alcohol, Northern Pacific, Union Pa- cific and Great Northern preferred, caused the market to bec lively later and prices moved up briskly. There was evidence, 00, Of siderable short covering in t hour. The closing was strong. approximated 250,000 shares COVERING IN RAIL SHARES. Short Interest Shows Uneasiness in Saturday Trading. BY STUART Special Dispateh to The NEW YORK, October 2 ing Fri Ausive the stoc turne strong In the last b was not much inc but the trading did animation as prices moved forw The short interest showed more un- easiness on account of the resumption of operations for the rise in a num- ber of special issues, which is al significant of a change in sentiment. The tobacco groups were leaders, as they have been all week. New hichs were made by Reynolds B crossing 72, and Tobacco Products above 85. The latter, s selling out of 1i dividend - now plac sources of the addition to 1 and profitabl of the ftself. ctically t United ¢ sha 3 manufacturing busin Tobacco Products Company Alcohol m Favorite, United States Industrial Alcohol was another favorite, but there was noth- ing to be added to the stutement that years, that there is a 1 of the product and tha advance in quotations There was active short co the rails, particularly in N Pacific, Chicago and Northwest and other which have been under epecial pressure. Union Pacific ran up a point and a half and so did has proved wronz. In 1921 Rubber stocks came back before the end, United States Rubber common gain ing more than a point. ferred at the start got down below §i It was just a yvear broke from above Street was sure that this meant re- duction of the dividend. T has proved wrong, In preferred sold a low as the dividend was not disturbed. a rubber and yet Good- rich preferred made a new low to the | accompaniment of the announcement that the company had adjusted its prices to meet the new schedule of its competitors. Mack Truck rnings. The third quarter income statement of Mack Trucks is expected to be pub- lished next week. Only an estimate of what the earnings were for tl period is available and that proximately §5 per share on the com- mon after rges and preferred div idena requirements. In the first quar- ter Mack earned $4.34 on the common and in the s » months $7.89. Tt is too early te the net for the last quarter. It Is probable that some fall usually occurs at this time of year. will be shown. For the full twelve month Mack is 1i ¥ to report somethinz in excess of $20 a share on the common, as against the current §6 annual divi- dend rate. Ameriean Sum American Suma slightly higher toda { the in year ende her. cco . as compared 2 for the pre- months compan nt thro year with a net los: operations W street has taken the can Sumatra's busin has gone d_ste the prospe in other concerns the + line of trade, and this con- sideration is having more to do with the movement of the stock than last year's figure German News Greater Factor, ews from Germany was more of a factor in the markets today at any time this week. It w: to find any relation between this n and the mixed price movement on th. stock exchange. But French g ment bonds went lower and F francs were quite weak, toge with Belgian currency. Sterling touch- ed the low of the year, and the German mark made a new low record, 12,500, 000,000 to the dellar. Plainly enough these were mani- festations of uneasiness over the latest move of the Berlin government - reparations altogether and let the Rubr industrialis s they independent settie- s thre the ion up into,the mon'ths’ futility of point of the al sentiment, ex- low selling pric to be skeptical whole indemnity que: air more th sxpericnce ving t of the outcome. McCRAY FILES ANSWER TO BANKRUPTCY SUITS Action at Fort Wayne, Ind, Ex- pected to Transfer Hearing to United States Court. By the Associated Press, FORT WAYNE, Ind., October 20.— The filing of an answer here today by attorneys for Gov. Warren T. Mc- Cray to bankruptey proceedings insti- tuted by three local bankins Institu- tions against the executive is expect- ed to transfer the hearing to federal court at Indianapolis. T. J. Logan, United States commis- sloner here, who set today as the date for hearing the bankruptcy petition presented by the First National Bank, the Citizens Trust Company and the Farmers Trust Compan aid _the proceeding would be only a formality and that a ruling on the petition would be made later at Indianapolis. October 20.— ‘William een appointed temporary receiver for the Discount and Deposit_State Bank of this city, which closed its doors last Saturday, a few weeks after Gov. Warren 7. McCray resigned from the presidency of that institution because of his financial difficulties. Circuit Judge J. A. Williams named the temporary re- celver upon petition of the state banking department. Two suits to foreclose mortgages whose demands total $119,000 and in which Gov. Me- Cray and his wife, Ella McCray, are named among the defendants, were filed in circuit court here today by John Totten of Fairland, Ind. The two suits are on first mortgages held by Totten, it is set out. however, | s hard | { Il 1 | | | ; Pac Gas & Elec. FINANCIAL. Open, HMigh. Low. Close. Adams Express. Ajax Rubler.... Alaska Gold.... Alaska Juneau.. Allled Chiem. Allis Chalm pt. . Am Ag Chm pt Am Bosch Am Can... Am Can pf. Am Chain ( Am Cotton Oil. Am Cot Ofl pt... Am Druggist... Am Express. . Am Internat'l. Am La France Am Linseed pt Am Locomott Am Safe Razor. Am Ship & Com. Am Smelting Am Steel Fdy. Am Sugar. Am Sumatra. 69 6% % 1% 62% 92 82 25 69 5% 1% Am Tel & Teleg. 1231 »2 Am Tobacco. Am Tohac (B). Am W W 6% pf. AmW W 7% pt. Am Waolen. .. Am Zinc&Ld pt. Anaconda. . . Arnold Constab. Atchimon....... Atl Frult ctfs. Austin Nichols Auto Knitter Baldwin Loco. Balto & Ohlo. .. Ralto & Ohio nf Barnesdall (B). Bayuk Bros.... nut Pack. teel. ... .. ap T fp. Butte Copper Butte & Supe Calif Pack. Calif Petrol. .. lahan Zine. . Canadian Pac. Case (J1) pf.... “entral Leath. . ent Leath pf.. te Pasco. Certain-Teed. “nindier Mot heznp & Ohlo ChiGrt West Chi M1 & StP. Chi Mil &St P pt Chi & Northwn. ChiRI& iae... Chi R1&P% Pt Chi R T&P 7 150 149% 61 91% 71 30 85% 16% 964 1 2474 11% 117% 5614 674 T 594 70 47% 807 4% 141 18 44 14 Coca-Co! Columbia Columbia Gr Col Graph pt sof NY. Cons Textil Cont Can.. Continental Mot Corn Products.. Cosden & Co. Crucible Steal Cuban-Am Sug. Cuba Cane $ Cuban Dom'can. Davidenn Chemn Deere Co pf D Lack & West. Dupent (£ 1) Elee Stor Rn Emerson Brant. Endicott-John. . Erie 1st pf. Erle2dpt... Famons NMavers amous Play pf. Fidelity F Ins. . Fifith Ave Bus Fisk Rubber. Fleishman. Foundation Co Freeport Texas. Gen Asphalt. Gon Baking. Gen Clgar. Gen Elcetrie Gen Elec spl Gen Motora. .. Gimbel Bres. Goldwin Corp. Goodrtch. . Goodrich pf. .. Goodyear pr pf. Gray & Davis. . Gt Northern pf iulf St Steel.... flartman Corp.. Hartman rights. ayes Whe: ouston Oil..... ison Motors nots Central. 104 25% 12% 2414 21 744 in Combust nt Harvest Int M fnt A Int Nickel in . Iron Prod ctfs.. Ieland Gil 5 Jones Tea Kayser (Jullus) Kelly-Spr Tire.. Eennecott. ... Keystone Tire.. Lee T & Rubber. Lchigh Valley. Limz Locomo. Loews Inc. Lorillard (P) McIntyre Por. Mack Trucks Mellinson & Co. Manila 11 Corp. Murlund Ofl. ... . Mathison Alkill. Maxwell (A)... Maxwell (B)... May Dp Sto Miami Copper.. Middle St Oli. .. Midvale Steel. Minn & St L (n). Mo K & Tex pf. Mo Pacifie. Mo Pacific pf. Montg'y Ward Moon Motors. Mother Lode. . Natl Acme. Nat Biscult. Natl Enamel. Natl Enamel pf. Natl Lead...... Nat Supply pf .. NY Alr Brk (A). N Y Central.... NYC&StLpf(n). 87% NYNH&Harttd. 11% Norf & Western 102 ‘orth Amer. 20% orth Pacific... 51% unnally Co. % ©Ohio Fuel Sup.. 311 Orpheum Circull 18% Owens Bottle... 43 8 9 38 11% 5b% b51% 96 41% 8% 474 38 90% 118% 56% 47 100% Pacific Mail. Pacific Ofl. Packard Motor. Pan-Am Pete. .. Pan-Am P (B).. Penn Edison pf. Pennsylvani Penn Seahd St 2 ny (JC) pf.. 103 Pere Marquette. 40% Philadelphla Co 424 Philip Morris... 21% Phillips Pete. 23% Plerce Oil 1% Pitts Coal p 98 Pitts & W Va 38% Postum Cereal.. 51 Pressed Stl Car. 44 Pressed StCpf. 841 Produc & Ref... 21% Pub Service.... 425 Pullman Co..... 116% Punta Aleg; 53 Pure Ofl.. 17% Raptd Tran See. 11% :ay Con Copper 12 12ading....... 75% Reading 1stbf.. B4% Remin 2d pf. 92 1 149 61 91% 72% 30 85% 16% 96% 1 24% 1% 118% 69 5% % 1% 6244 92 32 23 92% 106% 22% 6% 19% 6% o1ty 18% 11 34 6914 5% 11% 55% 341 59 19% 123% 150 149% 61 s1% 71 50 85% 164 <6t 1 24% 1% 116% 564 69 6% Y% 1% 68% 92 82 25 93% 106% 22% 6% 19% 64 1% 19 1% 3414 69% 5% 1% 55% “ !the controlling influence because the 114 9% 26% 22% 22 % £5% 474 41 90% 118% 56% 47 100% %00% 87% 11% 102 20% 51% % 31 18% 48 78 9 374 11% 55% 51% 96 871 1% 102 20% b52% T 8% 22 2% 116 53 17% 11% 1% T5% 54% 92 THE EVENING STAR, WASHINGTON, D. C, SATURDAY, OCTOBER 20, 1923. NEW YORK STOCK EXCHANGE || Received by Private Wire Direct to The Star Office Low. Close. % 8% 44 44 TI% 72% 45 45% 19 19 18% 18% 66% 6E% 81 a1 92% 92% 8% 8% 14% 15 ™ % 26 26% 18% 18% 16 16 85% B6% 83 384 66 66 52 52 82% 83 | 83 83% 62% 6215 96% 9T 10 10% 2% 2% 0% 41 57% 58% % Th 34% 34w 58 583 B7% E8% 110% 111 2% 24 127% 129 5 5 38% 38% 82 82 4% 5 51% 63 0% 20% 34% 36% 8515 87 KT% 88% 118% 118% 28% 28% 2% 32w 8% 8% 25 25 16% 15% 9% 9% Wabash pi . 30% 81w Waldorf (new). 16 16 . 44 a4 87 9 14 106% 57 6% L) 21 7 Open. High. 84 ¥% 44 4w T% T2% 45 4t 19 19 18% 18% 56% B&% 81 921 9214 8% 14% 7% 264 18% 16 85% 33% €6 52 8274 83 6214 26% 10 25 407y 57% T4 343 58 58% 83 B84 110% 111 2% 2% 128% 129 13 | Replogle Steel. . Rep Ir & Steel.. { Rey Tobac (B). Royal Dutch. St Joseph Lead. ! St L & San Fran |StL South pt. iSavuge Arm Schulte Stor: . Sears Roebuck. Shell Union. Simms Petrol Simmons. .... Sinclair Oil, Skelly Ol . South Pacific. Southern Rwy.. Southern Ry pt. St Ofl of Callf... Stand Ofl of N J Stewart-Warne! Strombg Carb. . Studebaker. .... Submarine Bt Sweets Coof A.. Texas Company Tex Gulf Suiph. Tex &P C&Oll. Timken Bearing Tobacco Prod. .. ‘Tobacco Prod A. Tobacco Pro pt. Trans Cont Oil.. Unfon Pacific. .. Utd Retai! Strs. Cast I Pipo. USCastir P pf. U S Food Prod.. ' S Indus Alco. . US Smelt&Ret.. I’ S Rubber. - USRub1stpt.. 17 S Steel U S Steelpf..... Vanadium Corp. Van Raalte. 83% 62% 984 10% 2% a1 68 Thie 3414 West Pacific Western Unlon. Westhse EI&M. Wheellng&L E. White Oil. - Wilson Co...... Wiilys-Overid. . Willys-Overl pt. Wisconsin Cent. 25 Woolworth. - 265 265 265 265 Worthington... 24% 24% 24% 24% HOURLY SALES OF STOCKS. 1lam..... 129 300 12 m.......228 000 NEW HIGH LEVELS INCOTTON PRICES Forthcoming Government Crop Report Sends Futures Up Over Forty Points. 21 5% 6% 69% 25 25 25 By ssociated Press. NE ORLEANS, October 20.—New high lev for the séason were brought about in the cotton market today by a buying movement which tarted on the opening and soon had December up to 29.37, with the list 32 to 39 points over the close of yes- terday. The official announcement by the government that it would jssue a special report on tht crop, dated Octo- ber 25, and giving the percentages of condition and the vield indlcated, was = consensus of opinion as that in which deterioration during October would be indicated and that the figures on the yield would be far under those for September 25, when the indicated crop was 11,015,000 bales. Similar Rise in New York. NEW YORK, October 20.—The cot- ton market showed continued strength and activity at the opening today be- czuse of relatively firm cables, re of frost in the belt and a re- of yesterday's buying move- latter appeared to be v on an expectation that government crop report to be published on November 1 would show reduction in the indicated yield, while there may aiso h been ‘some ving on the talk of a possible in- e of running time in Lancashire. prices were firm at an advance 15 to 45 points. and the active months sold 33 to 47 points net higher during the early trading, with De- cember touching 29.80 and with later months making new high records for : middling, 30.30; steady. October, December, 2960 to March, n. cotton—Stead . closed bare to 29.85 January, S future steady ins of 10 to 22 points; Octo- December, 29.20229.24; Jan- 7a29.09; March, 29.05a29.08; sales on the spot, 85 bales; to arrive, 1.600 bales; low middling, 27.38; mid- dling, 29.85; good middling, 30.75. —_— LESS COTTON SPINNING. September Activity Below That of August Report Shows. Cotton spinning activity during ptember was sughtly less than in August, the census bureau’s monthly report to showing a total of 7.482,060,995 active spindle hours, or an average of 200 hours for every spindle in place, compared with 7,- 568,061,615, or 202 per spindle in place in August. Spinning spindles in place Septem- ber 80 totaled 37,491,706, compared with 37,430,195 in ' place August 31. Spindles active during September totaled 33,929,885, compared with 33,- 708,667 in August. The average num- ber of spindics operated during Sep- tember was 34,941,676, or at 93.2 per cent capacity on a single shift basis, compared with 32,075,013, or at 85.7 per cent capacity in August. A Teport on the condition of cotton as of October 25 and a forecast of cotton production this year will be issued by the Department of Agricul- ture on November 2, it was an- nounced today. This will be the first time a cotton condition and_ produc- tion forecast has been issued in No- vember. —_—— COURTS FOR FIUME. Italian Magistrates to Be Estab- lished in Few Days. FIUME, Independent State of Fi- ume, October 20.—Italian law cqurts, with Italian magistrates, will be es- tablished here in a few day delegation of legal expers i1l come from Italy to organize legal proce- |du;e and install the Itallan criminal code. WEEKLY BANK REPORT. NEW YORK, October 20.—The ac- tual condition ‘of clearing house banks and trust companies for the week shows an excess in reserve of $8,428,- 240. This is an increase of $507,620. CLOSING SUGAR PRICES. NEW YORK, October 20.—Sugar futures closed steady; aj sales, 14,000 tons. yOclupbp:ro.xh:;‘,”e December, 5.10; March, 4.06; May, 4.14. { DISTINCT STRENGTH NOTED INBOND Investment Securities Are Feature of Today’s Brief Two-Hour Trading. Special Dispatch to The Star. NEW YORK, October 20.—Distinct strength in Investmext securities was the feature of today's bond market, with activity unusual in thls grade of security'for a Saturday. Instances are Unlon Pacific first 4s, U. S. Steel sinking fund 6s, New York Central 5s, American Telephone and Tele- graph collateral trust 5s, General Electric 55, Atchison general 4s and Indiana Steel 5s. While the market has been firm all the week, the movement was not as uniform as today. Doubtless accum- ulating evidence of ¢ase in money rates was the controlling influence. Time money {8 now at the lowest since June, quotations being 5 to 5% per cent, compared with 5% to 5% per cent’'a month ago. Lower Discount Rate Hinted. There has even been talk in Wall street of the possibility of a_lower rediscount rate in view of the re- markably strong position of the banks. That there will be banking and institutional buying of securities soon seems a reasonable supposition, Taken together with the good ab- sorption of mew offerings this evi- dence of interest in high-grade se- curities was very encouraging to the investment bankers. The week's out- put of new bonds was the largest in four months éxcept one week in which $200,000,000 of Treasury notes were sold. The exact figures for this week are $99,064,000 which includes $47,000,000 in federal land bank farm loan bonds. The latter offered at par to vield 4% per cent and entirely tax exempt were quickly sold. The Iili- nois highway and bonus bonds, In amounts of $6,000.000 and $16,000,000 respectively and offered at prices to yield from 4.45 to 4.60 per cent, were also well taken, fafrly good evidence that the recent price readjustment on new offerings of state and municipal bonds had achleved its purpose. Unusual Stability Noted. to today the week's market for foreign bonds showed remarkable stability. t changes up to last night for French 8s and French 7T%s were only one-eighth of a point from prices prevalling a week ago. To- day more sensitiveness to the news wis shown, but the reaction was not excessive. Nor was there any pro- nounced corresponding movement in other forelgn securities. Among the more peculative do- ¢ irregularity was the rule to- day, as has been the case all the week. Bonds of corporations, the outlook for which was believed to be improving, as International Mer- cantlle Marine 6s, advanced sharply, while the rubber and tire bonds, such as Ajax Rubber 8s and even United States Rubber §s. not a speculative but an investment issue, were weak to hea In the case of securities liko these the bond market sym- pathizes more or less with the stock market. Other reactionary issues included Public Service of New Jersey 5 and Third Avenue refunding 4s and Ad- justment 5s, while Chicago Railway Is were up, all this on the week. These separate movements could be ascribed only to a varving opinion as to the industries involved The same general condition pre- vailed in the market for railway bonds. Northern Pacific issues were heavy, and Chesapeake and Ohlo bonds were firm. In the one case there is un- certainty as to present earning power and in the other the outlook is very favorable. There was no important change in the securities of roads such as the Erie, Seaboard and the New Haven. OFFICIALS BLAMED FORHIGH RENTALS Gothamites Stress Need to Continue Present Laws. Fear Rioting Otherwise. m By the Assoclated Press, NEW YORK, Octobr 20.—Public of- ficlals were blamed for crowded liv- ing tonditions and high rents in New York city by witnesses at yesterday's final hearing of the state housing commission, which is endeavoring to determine whether present rent laws protecting tenants should be ex- tended. Fears of “rioting and bloodshed” were expressed by Miss Lillie Grant, chairman of the mayor's committee on rent profiteering, who said a “rent strike was inevitable if the laws lapse and landlords are unrestrained.” “I shudder to think what would happen,” sald Miss Grant. “From instinctive sense of right to & home, tenants on the East Side will cause bloodshe Vito Marcantonio, executive secretary of the Harlem Tenants' Assoclation, asserted. “Judges arc playing politics with bad results for both landlords and tenants,” Morris Gisnet. chlef coun- sol of the Greater New York Ten- ants' League, declared. Houses for “white collar” workers are especially lacking, the commis- sion was told by Dr. Frank J. Mona- ghan, health commissioner of New York' city. Since 1920, he said, the population has increased 76,892 fam- illes and apartments only 60,894. Negroes who pay as high as $25 a room a month are ousting white ten- ants who have been paying $15 from some sections, E. H. Fenstermache, a mercantile collector testified. ‘Two hundred thousand negroes live in one square mile of Harlem and half of them are lodgers, emigrants from the south, taken in by families who otherwise couldn’t pay their rent, Ferdinand C. Morton, president of the Municipal Service Corporation, in- formed the commission. He said the congestion is increasing with the mi- gration northward of the negro. At the five-day hearing here 125 witnesses have testified. LORIMER MADE COLONEL. Saturday Evening Post Editor Hon- ored by Governor. LOUISVILLE, Ky, October 20— George Horace Lorimer, editor of the Saturday Evening Post, today twas commissioned a colonel on the staff of the Governor of Kentucky. In making the appointment Gov. Edwin P. Morrow said that Kentucky appreciates the personal interest and counsel one of its native sons has taken in its 1924 homecoming. Mr. Lorimer is a native of Loulsville. TWO RACE JUDGES SHOT. AKRON, Ohlo, October 20.—M. “Slim” Webb, racehorse trainer, shot and seriously wounded Track Judges Peter E. Callen and F. W. Gerhardy after a quarrel in the lobby of ihe Portage Hotel at noon today. Gerhardy was shot twice in the back and Callen once. Both wounded men were rushed to hospitals. Webb was arrested by police. [ovvr vonx BONDS s scnves] Received by Private Wire Direct te The Star Office. (Bules are in §1,000) UNITED STATES BONDS. l!‘c)dn‘l. (Fractions represent Example: %a-a means Sales, High. 9929 87-20 £s Lib 4th 4%s.. 213 97-20 UB4Y%s1962. 82 99-4 FOREIGN. Argentine 7s i1 102 Austria 7s. . 24 88% Belgium 7%s...... 10 99% Belgium €a. .9 9% Belgium 8s. - 10 100% Bolivia 8 8T Bordeaux és 79% Brazil 7s. 8% © 93% 101% 100 993 104 103% 95% 46 1% 93% 108% Chile 83 1941, Chile 7s 1943. Dutch E16%s Dutch East 16547, Dutch East I 6: Framerican 73 :renc: govl 8 rench Govt 7 Haltl 6s. . se 1st 4348, Japaneso 4s. Jergen U M 65 47 Lyons 6s. Norway 65 1952 Orlent Dev deb Paris-Ly's-Mea 6 Prague 7%4s. .. Queensland 6s. Rlo de Jan 8s 194 Rio de Jan 8s 1947, Rio Gr Do Sul 8 Sao Paulo,State, Selne, Dept of, 7 Serbs Crotes Slo 8s Sweden 6 Swiss Confed Ud Kingm 6% thirt! Low. 101% 88% 79 80 49% 29 97% 110% 94 54% B8y 2% % 101 20 90% 26 99% 86% 663 104 2% 101 MISCELLANEOUS. Ajax Rubber 8s Am Agr Chem 7 Am Sugar Ref 6 AmT&T cv 6 Am Writ Paper Anaconda cv db 7 Anaconda 1st 6s. Asso Oll 6s rets Bell Tel Pa 5s. Beth Steel 5%s '53, Beth Steel pm 6: Beth Steels £ 6s.. Brier H St 18t 5% Bklyn Edlson 7s D, Bush T Bldg 6s'60. & Central Leather 58 11 Cerro de Pasco §s. Chile Copper 6s. Commonwth P 6s, Con Coal Md 1st 5 Det Edison ref 6s Diamond Mth 7% Du Pontde N 7%s Duquesne Light 6: Est Cuba Sug 7%, Empire G&F 7%s Fisk Rubber 8s. Gen Elec deb bs. .. Goodrich 6%s Goodyear 85 1931. Gocdyear 851941, Hershey 65 1942 Humble O&ZR 6. 1llinois Bell 1st Indiana Steel 58 Int Mer Marine 6a Int Paper 1st 5s A. Int Paper 1st 6s B, KCP&Lt5sA'52 Kelly-Spring 8s Liggett & Myrs 6s. Lorillard (P) 5s. Manati Sug sf 7%s Marland Ofl 8s ‘31, Mexican Petrol Midvale Steel ba. Montana Power §: Nat Tube 1st bs New Eng Tel 5s. N Y Edsn 1st 6%s. NYG EL H&P 5 NYG EL H&P 4 N'Y Tel 6: N Y Tel 6: NY Tel 4%s. N Am Edison Nor States Pow 5s Northwst B Tel 1 Otis Steel 7%s. Pacific Gas & El 6a Pacific T & T 6s '62 Phila Coref 6s A.. Plerce Ol deb 8s. Producers & R 88 w Punta Alegre 78 Saks & Cosf7s. Sharon Stl H 88 Sinclair O!1 7a Sinclair Oil 6 Sin Crude Ol 63 s:n Crude O11 5% Sin Pipe Line 68, South Bell Tel 6 Steel & Tube s Sug Est Orient 73 Tenn Elec Pow Tide Wat Oll 6%s Tobacco Prod sf T Toledo Edn 1st 78.. Unlon B:.3 & P 6s. Unit Drug cv 8s... U 'S Rub 1st rf b U S Rubber 7% USSteelatbs Utah Pow & Lt §s Vertientes Sug 7s. wa-Car Chem 7s. Va-Car Ch T%s w. ‘Warner Sugar 7 West Union 6% Westinghouse 78 Wwilson & Co 1st 6 Wilson&C cv 7%s. Youngstn S & T 6s. 5 87 09 1% 1025 101% 116% 97% 2% 554 98% 6% 94y 97% 88% 87y 87y 9274 108 91% 5% 17% 8% 87 6% 1084 934 103 1047 107% 103% 99% 1% 103% 101% 98% 100% 115 99 96% 838 1004 9% 81% 835, 89 1015 26% 9614 97% 1004 104 865% 5 99% 7% 1005 98 81% 104% 105% 94 1% 89% 107% 92 89% 90% 100 80 110 107% 102% 99 934 87 26% 96% B1% 944 1034 95 93 102% 108 106% 964 110% 85% 104 102 88 96% 82% 63% 1033 1094 107% 95% 96 93% 110% E5Y% 104 102 88% 96% 82% 64 103% 109% 107% 85% 96 ¥3% TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Close.—— i ber 15, 1023.. §0%0.8 1 e B 15 1 901518 1001 4%s March 15, 1924, 4148 March 15, 4. B5¥%s June 15, 1024. 5igs September 15, 1024. 4%s March 15, 1925. 32 beacals 0y b March 15, 1926 4 September 15, 1 4% Mareh 15, 1627, D100 4248 December ' 15, 10270 Ofter. 00 100 116, 16 100 2332 100 27-32 100 23-32 100 27.32 100116100 5. 201316 991616 99 1059 1007 99 1 100532 100932 90 25-52 99 20-32 99 3. B. & 0. LOADINGS GAIN. BALTIMORE, October 20.—Revenue freight loaded on the Baltimore and Ohio_system during the week ended October 13 totaled 46,207 cars, ex- clusive of those received from con- nections, as compared with 39,977 dur- ing the corresponding period year, an increase of 6,230. last PAPER MARKS STILL PILE UP. BERLIN, October 20.—The currency increase in the first week of October amounted to nineteen quadrillions of paper marks. The Reichsbank's hold- ings of discounted treasury bills, pri v ate checks and drafts, Increased in the same period by twenty-eight quadrillions. BUILDING BOOM IN DENVER. DENVER, October 20 (Special).— All building records for this city have been surpassed from January 1 to date, when the total spent for build- ing construction reached $18,134,850, or $118,755 in excess of the total the best previous expended in 1922, record. - A 80 RAILROADS. Bales. High. & | 884 81% 96% 79 101% 83% 83% 5% 95% 67 113% 112% 80% 100% 85% 88% 8734 84 31% B4% 98% 1% 45 50% B6% 2 55% Ti% 79% 107% 106% 78 4% 113% Atchison gen 4s. Atlantie CL el B&O PLE&WYV 4 B&OSW divay, B & O Toledo 43 Canadian North 7s. Canad North 634s. : nad Pac deb 4s.. 26 Cent of Ga 6s. . . 4 Central Pacific 4s. 20 Ches & Ohlo cv 6 Ches & O cv 4%s, Ches & Ogn 4148 Chi & Alton 3% Chi B&Q gn 4s Chi B&Q 1st re Chi & E 11l gn 6s ChlGreat West 4s. 10 ChiIM&StPrf4%s & ChIM&StPcvbs.. 2 ChiM&St P 4s°25,. 2 ChiM&SPeviy Chl M&St P 45 '34 CM&BtPgnils. 8 Chl&NWé%s.... 5 (é::&RNW 78...... 6 I&Pgnds.. ChiRI& Pacrt b Ch! Un Sta 63s. Chi & W Ind cn 4s. CCC&StLrfésA.. Cleve Term b: . 6 .13 2 Del & Hdlstrrds. 2 Del & Hudson 6%s 41 Erfe gen 4s. Erfe conv 4 D. Gr Trunk st db 6 Grand Trunk 7s... 4 Gr North gen 7s. .. 20 Gr North gen 5%s. 6 Hud & Man ret 5 Hud & Man aj 5s Il Central ref 4s 111 Central 5% Int Rap Tran 6s... 14 Int Rap Tr 6s stpd. Int Rap Tr: Int Rap Tran 7s... Int & G Nor aj 6s. .. Int & G Nor 1st 6 Kan City Ft § 4a s City S bs Lake Shore 4s '28. Lake Shore 4s ‘31. . Lehigh Valley 6s.. Louls & N uni 4s. .. Louls & N 5s 2003... 33 3 2 1 2 2 6 4 3 6 13 2 6 M&StLlst it M StP & SSM 6%s.. 1 ME&TprinbsA. 69 MEK&T4sB. .20 ME&TS6sC. MK&T adf 5 Mo Pacific 6s Mo Pacific gn 4s. .. NOTex &M In bs.. N Y Cent gen 3%s. N Y Cent deb 6s New Haven 7s fr. NYW & Bos 4%s.. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3 Nortbern Pac 4s. Northn Pacr | 63, Northern Pac 5: O Shor: L cn 58 Ore Short L ref 4; Ore-Wash 1st rf 4s Pennsyl gen b1 Pennsyl gen 4 Peorio & E inc4s. . Pere Margq 1st 5: Rapid Tran Reading gen 4u RIArk &L 4% StLIM&S4s 2 StL&SFplsA.. StL&SF inc6 StL&S Fadj 6 StLSW 1st 4s St LS W con 48°32. Seab’d AL 4s sta.. Seab'd A L adj 5s. Seab’d A L con Sou Pacific 431929, Sou Pacific ref Sou Paclfic cit 4s. . Southern Ry 1st 5s, Southern Ry 6%, Sou Ry Moblle 4s. . Third Ave ad] 58 Tol StL & W 4s Union Pac 1st 4 Union Pac cv 4 Unilon Paccy 6s... Union Pac 1st rf 68 Virginia Ry 1st 6a. 34 83% €6lh 554 68% 6% 76 861 84% 66 924 £6 83% 94% 101% % 434% 1% 8215 95% 1024% 9915 94 96% 584 9% 9% T9% TOTAL SALES (Par Value): 11a.m.. 2624000 12noon .4 123000 SHORT-TERM SECURITIES (Quotations furaished by Redmond & Cs.) lose = rer, Aluminum Co. of Amer. Aluminum Co. of Amer, American Cotton Ol 8s 1924.... 881 9015 Americun Sugar Gy 1037 i ot American Tel. & Tel. G5 1924, American Tel. & Tel. 65 1925. Anaconda Copper 6s 1029, ‘Anglo-Awmerican Ofl 7% Canadisn Northers Gs 192 Central Argentine Rwy. 8s 1 ntral Leather 5% 1925, 5 Chi., R. 1. & Pacific 543 1028, Ohicago’ Tel. Gs_ 1923 Du_ Pont_73%s 1951 Federal Sugar Kef. Fisher Body Corp. Flsher Body Cor, @reat Northern 7s 103 Hocking Valley 6s 1924 Humble Ol 5i4s 1082 R. St. Paul Union Depot Bears, Roebuck & U Standard Oil of ¢ Switt & Co. Ts 10! Tidewater Oil 615 1931, Union Tank Car'7s 1930, U. 8. Rubber 7%s 1930, Western Union_ Gs 1936 Westinghouse M. HIGHER WAGES SOUGHT. ST LOUIS, October 20 (Special).— Wage increases for men in the bulid- ing trades which will be presented | to employers before March 1, 1924,1 and which have been approved by the local building trades counc range as high as 30 per cent aboy the present scale. POOL READY FOR WHEAT. CALGARY, Alberta, October 20.— The Alberta wheat pool, the firat provinclal co-operative grain-selling organization to be established in Carada, will commence operations on Monday, October 29, when it will re- ceive wheat from 'its 25,000 sign tories, according to a statement i FINANCIAL, Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. | Dealers are expecting large consign- ments of pumpkins for the Halloween celebrations and later for the Thanks- giving demand for ples. Nearby grow- ers are reported to have large fields of the vegetable ready to be picked, but receipts thus far have been light. There was a plentiful supply of all kinds of - vegetables to be had this morning, some from nearby growers and some from distant points. Buying was more brisk than during the past few days, weather_conditions making demands greater. Sugar corn and lima beans were in great demand at advanced prices, Eggs—Strictly fresh, selected, can- | dled, per dozen, 44ad5; average receipts, 40; storage, 35236, Live poultry—Roosters, per Ib., 18; turkeys, per Ib., 35: spring chickens, per b, '27; keats, young, each, 50a60 fowls, per ib., 26a%7. Dressed poultry — Fresh - killed spring chickens, per b, 32a35; roast- ers, per 1b., 50a35; hens, per b, 30a32; turkeys, per 1b., 38a40; keats, youns, each, 80a85; roosters, per Ib., 21a22. Live stock—Calves, choice, per 1b., 123%a13; medium, per 1b., 11a12; thin, per Ib, 8al0. Lambs, spring, per 1b.. 14. "Live pigs, 3.00a5.00 cach; live hogs, per 1b., Ti. Green fruits—Apples, new, per bas- ket, 50a2.50. California oranges, crate, 6.00a7.00; Florida, Lemons, per box, 4.00a5.00. fruit, 3.50a4.50. Peaches, per 1.25a2.50; half-bushel basket, 7oa 1.25. Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, 22%a 26; Colorado Lopes, standards, 1.00a2.00; 50a75; honey dew melons, Vegetable: Potatoes, per bbl, No. 1, 3.00a3.50; No. 2, 1.50a2.0 round, per bag, 2.7523.00 plant potatoes, per bag, 2 sweet potatoes, 2.50a3.00 per bbl. York lettuce, per crate, 1.50a3.00; near- by, 75a1.50. ‘abbage, northern, 0a2 per 100 ibs.; nearby, 1.00al.50 per bbl Eggplant, per crate, 1.00a1.50. Toma- toes, half-bushel basket, nearby, z 5. ' Beans, 5.00a7:00 per bbl. New York celery, per crate, washed, 4.00a 50; in rough, 2.50a4.00. Squash, 3.00 Peppers, per crate, nearby, Kale, per bbl, 75al.50. _Spin- ach, per - barrel, 1.50a2.50. Home- grown lima beans, per quart, 35a40. New York cucumbers, per bushel, 2000“’.00. Sugar corn, per dozen, 20a35. Ne 50a73. GRAIN AND PROVISION: BALTIMORE, Md., October 20 (Spe- cial). — Potatoés, white, 100 pounds, 76a2.00; 150 pounds, 1.00a; ms, barrel, 1.00a2.75; al.00. Beans, bushel. 1.00al beans, bushel, 1.76a2 25; ; celery, dozen, 25a75; corn, dozen, 12a30; eggplants. basket, 40a80; kale, bushel, 15a25; lettuce, bushel, 75a1.25; onions, 100 pounds, 2.00a3.25; oysterplants, per 100, 6.00a8.00; peppers, basket, 25a60; pumpkins, per 100, 5.00a10.00; spinach, bushel, 40a65; tomatoes, basket, 40a 60; packing stock, bushel, 60a75. Tur- nips, bushel, 40a50. Apples, packed, barrel, 2.00a4.50; bushel, 50a1.25; loose, barrel, 2 bushel, 50a1.0 box appl barrel, 4.00 box, 3. basket, 1.25. Settling Prices on Grain. Wheat —No. 2 red winter, spot, g winter, garlicky, . 3 red winter, gar- ;,No. 4 red winter, (0315, s—None. rn—Cob, old, 5.15 barrel; No. 2 corn, spot, no quotations; track corn, yellow, No. 2, old or better, 1.20. new, 533 and 54; and 521, ri 5 per bushel; No. rye, spot, 77% per bushel. : Hay—Recelpts, 108 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 timo- 27.50 per ton: No. 2, 26.00a 0; No. 3, 23.00225.0 5. 1 light over, mixed, 25.50a26.00; 24.00; No. 1 clover, mixed, 25.50; No. 1 clover, 22.00223.00 Straw —No. 1 tangled rve, 16.00; No. 1 wheat, 13.00a14.00; > oat, 14.00215.00. DAIRY PRODUCTS, BALTIMORE, Md., October 20 (Spe- ?Ifll )—Live poultr: Spring chi(‘{{(“:} , 20a22; Leghorns, 17a18; old hens, 174 25; Leghorn! 18; old roosters, 14 als: ducks, 17 pigeons, pair, '20a 25; ‘guinea fowl, each, 40a. Eggs—Loss of, native and nearby firsts, doze: 42; southern, 40. Butter—Creamery, good_to fancy, pound, 45a483;; prints, 4 nearby creamery, 35a42; ladies, 34a3s; rolls, 28a32; dairy prints, 28a32; process butter, 38a39; store packed, 27. Today's Chicago Prices. CHICAGO, October 20.—Buying on the part of shorts, who found that offerings were light, brought about a moderate upturn in’ wheat prices to- day during the early dealings. The market was also influenced somewhat by the fact that the movement of spring wheat to country elevators and to the leading terminals has be- come small compared with a ago. Besides, the run of winter w is_of modest proportion Opening prices, which varied from unchanged figures to % cent higher, with December 1.04% to 1.04% and May 1.09% to 110, was followed by &ains all around. Favorable weather had effect on corn and oats. ing unchanged t a bearish After open- 18 to % cent lower, De- cember T5% to 73%4, the corn market rallied a “little, but then underwent a decided sag. i ats started unchanged to % cent higher. December 41%. Later, all months showed a slight setback. Provisions were firmer in sympathy with the hog market. CHICAGO LIVE STOCK MARKET. CHICAGO, October 20 (United States bureau of agriculure)—Hogs—Re- ceipts, 8,000 head. Active, steady to | 10 higher; bulk desirable 240 to 3001 pound butchers, 7.40a7.50; top, 7.55; better grade, 180 to 240 pound ave: .35; packing sows, 6.3 6.50; desirable welghty slaughter pigs, 5.7526.25; estimated holdover, 3,000 Cattle—Receipts, 1,000 head. Fed steers and yearlings for week, steady to 25 lower; extreme top matured steers, 12.80; best vearlings, 12.50 she stock uncvenly 25 to 75 oft; bulls veak to 25 lower; veal calves 50 to ; stockers and feeders fairly | mostly 25 lower; bulk pr follow: Fed steers and vearling: 11.00; butcher cows and heife 7.75; canners and cuttors, 2 vealers, 11.25a 12.00; stockers and feed- ers, 6.35a7.00. Sheep—Receipts, 2,000 head. Gen- erally steady; for week direct, 10.378; | compared week ago all classes sheep | and lambs show the following de- cline: Fat lambs, 1.00a1.50; cull n tive lambs and yearlings, 75a1.00; fat | sheep, 50a75; feeding and breeding | sheep' and feeding lambs, 25a30: top slaughter range lambs at close quota- | ble at 12.85; natives, 12.35; feeding. lambs, 13.00. sued by the provisional board of seven trustees. NEW WELL IN OLD OIL FIELD. OIL CITY, Pa., October 20.—Esti- mated that it will pump between forty and fifty barrels a day, an oil ell has been brought In in the third nd near Plumer, six'miles from here. This is the largest well to be drilled in the early fleld of oil In several years. Robert Foggan owns the well, Which is on the Alonzo Clarke farm. LIVERPOOL COTTON. LIVERPOOL, October 20.—Cotton— Spot, quiet; prices, firm; good mi dling, 17.80; fully middling, 17.7 middiing, 17.60; low middling, 17.1 good ordinary, 16.60; ordinary, 16.30: sales, 2,000 bales, 'including 1,000 American; no receipts; futures closed strong: October, 17.38; Deccembe: 16.88; January, 16.74; March, 16.4 May,” 16.23; July, 15.86; September, 14.6%; October (1921), 14.1 EXCHANGE SEAT, $82,000. ; NEW YORK, October 20, New | York Stock Exchange mambership has ! been sold for $82,000, compared with | the last previous sale of $30,060. TODAY’S SILVER RATES. LONDON, October 20.—Bar silver, 31%d per ounce. Money, 2% per cent. Discount rates, short bills, 215-16 per cent; three-month bills, 3 1-16a33§ per ““Niw YORK, October 20.—Bar sil- ver, 63%; Mexican dollars, 48%. NEW YORK DAIRY PRICES. NEW YORK, October 20.—Butter, steady. Receip(s, 8.906 pounds. Eggs, irregular. Recelipts, 14,070 cases. Cheese, steady. State, whole milk, flats, fresh, fancy to fancy ‘specials, do., ‘average run, 25. State, whole milk, twins, fresh, average run, 25. A 1.50a | 3¢ REPORTINDETAIL ON GRAPHOPHONE Balance Sheet Sheds More Light on Firm’s Finances. Selling in W. R. & E. The censolidated balance sheet of the Columbia Graphophone Manufac- turing Company as of August 31 last shows total assets of $19, 030 and a profit and loss deficit of $24,831,266, as compared with § 03,487, respectively, on December 31, 1922, Assets of the con riod ended with Augus cash to the amount of $2. counts and notes receivabl 748; inventories, for the pe- cluge 05; ac- 194,- properties and pl 81,120; pat- ents, good will, etc., $1,000,000, and de- ferred charges of $58 Liabilities are listed stock, $9,642, 66,512; accounts inc t; notes pa funded debt, $6 .’ $110,041, and ' det follows: common vable, as 367. The sheet, s with the , as follows: as of August one of De Due from G. G. Co., Inventories .. Advances .00 Investments ... and plt. good will, etc Deférred charges To Prd. stock . Common stock Accts., pay., efc. es ‘payable . Fund debt....... Reserves . Deficit Totals Trading on Local F Heavy selling in o the Washinzton Ral Company featured th, of the t of 180 share its high point on ment. Bonds traded in were we mac Elect eral and 78 W points f ling firm at the present move: refunding he pre- t 106, Capita % of a Fewer Buxiness Failures. Busin, lures in the United States this week number 385, against 442 for last w The defaults this we $5.000 which is number. A year 239 similar insolvenci 54,1" per cent. SCHEK WASHILED HSWIDDW ADMITS Clark May Be Arrested if Body Is Found, Prosecutor Asserts. the t there were the ratio was By the Associated ¥ SAN DIEGO, At 1 Kempley, stateme had mede Jail, that ing alif.. October thiz morning Chester 20— o'eloc E. in the county tiated by the find- her husband, San Diego real nce February t that Mr: pnnh. i 7, would result in th of a murder charze Clark, who i wife on a Char nection with property. He added that several others be- ides Clark would Le involved if Mrs. s confession is corroborated by scovery of the body of Schick. Clark and M hick were arrest- ed together Mo night at a home they had been occupying in ajon 6r several monthe. They were held riges of forging powers of at- v and deeds ugh which s property into their after his jisappear- t winte gainst E. Drew jail here with his 4 e of forgery in con- trapsfers of Schick's t hous she with Mrs, familiar, ccording to her husband’s Schick and o terms with Mr. and Mrs, Clagk w 00 bond on preliminary hea Schick has not formally, but is held § vhere she h; nt inquir; ectivi relation: ained on e held under at the c been un: the sheriff’ since her arrest. MAYFIELD BALLOTS ORDERED PRESERVED Texas Court Enjoins Legal De- struction of Election Returns Before Congress Meets. By the Assoclated Press AMARILLO, Tex.. October 20.—Elec- tion officials of Texas are enjoined from destroving or interfering with ballots of the general election last November In a restraining order granted here yesterday by Federal Judge James C. Wilson. The election was marked last fall by the senatorial contest between Earle B. Mavfield and George E. B. Peddy, which was taken to the courts. The order was granted on petition filed by Luther Nickels, attorney of Dallas, in behalf of Peddy, which also asked the court to appoint receivers in all countles to take possession of the ballot boxes and all election rec- ords. A hearing on this clause of the, petition was ordered October 30 at Amarillo. Peddy was unsuccessful in the elec- tion for Unitéd States senator from | Texas,and a_contest against the elec- tion of Mayfield was filed later in the senate by representatives of Mr. Peddy. The petition names all county clerks o Texas and several hundred pre- slding judges in election precincts as defendants. It asks that the restraining order be issued to preserve the ballots and election records for use as evidenc in the contest of Mayfield’s seat i the United States Senate. The contest petition was filed by Peddy, February 22, 1923 that, a n A Texas law, tion re. ay be burned after November 8, 1923 it adds, is before Congress as in its new session or before a hear-y ing on the contest petition could be held.