Evening Star Newspaper, October 21, 1923, Page 32

FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. C, OCTOBER 21, 1923—PART 1 FINANCIAL. - PRCES GOHEHER | NEW YORK STOCK EXCHANGE | BOND SUMMARY FOR THE WEEK. p i BISSp 10302 9484 10190 99-5 Liberty 3%s 1932-47..... 99-30 99-17 99-26 351 " WEEK ENDED OCTOBER 20, 1923 10169 9600 9890 97-7 Uiberty It 4s1932-47.... 97-15 97-15 97-15 417 3 : 10178 9600 9920 96-20 Liberty lst4%s 1932-47.. 971-23 T 3 P T Woek ending Ootobor 20, 1923, Net. | ——10=— 193 Div. Week ending October 20, 1923, Net. 10100 9554 9910 96-24 Liverty 2d 4%s 1927-42.. 9130 S0 Onif {0 10186 8586 9920 97-25 97-13 97-20 447 10016 9890 9831 99-1 430 B EIGN. 3 ! High. Low. Last : i i e S it e 334 Betgtum ga'1o. . o o7 &r'| Cuts in Freight Rates 91 Belgium 8s 1941 122'/& lgg/fi 1_924 91% Bractl 5a 1941, 04 93% 93%| Cause Lneasiness. | 99 Canada s 1926. 99% 99% 99% 100 Canada 5%s 1929. 101% 100% 101% 974 Canada 63 1952. L xgfi%iTflADE ALSO UNSETTLED Hah High. Low. High. u-. Olose. Chge. | 'rh. Low. High. Low. Rate. High, Low, Olose. 1w 7 5 % T — % [119 61 117% 75 6 Kelsey Wheel... 76 . 75 8 F 543 e " a0 ow 28 o 2| 30% 26% 5. 35 8 Kennoeott Copper. . 82% 82 s2u o 66 4514 o 7% | 24% 4 —_ bber.. 2% 1 \tewart.WamerDW[dendand 8% ;lf':‘ Alr Reduction. a;’:{: 6:“ 6;.& 23 % 114 1% Keystone Tire & Rubber, % 1% 2 Ajax Rubber. 189% 110 248% 177 8 Kresge (SS) Company. 286% 226 235% E : 80 59y Allied Chemlc 631 60% 63% 35% 24% 31% 11% —— Lee Rubber & Tire 14% 11% 12% Lower Crude Qil Prices |17 12 Allicd Chemical & Dye pf. 106 107 72 56% 71% 54 3% Lehigh Valley.. 61 58Y% b9 { 59 . B1% Allis-Chalmers Mfg. 39 40 285 163% 225 190% 12 Liggett & Myers. 225 220 225 A‘f tv | S 36% Am Agriculture Chemical. 12 12% 96% 52 74% 68% 4 Lima Locomotive 64 64% dect values. 5 6874 Am Agriculture Chem pf.. 31 32 23% 11 21% 14 —— Loew’s. Incorporated 16% 16 » % 49y American Beet Sugar..... 33 34 67% 36 63% 36% —— Loose-Wiles Biscuit. 50 50 60 American Bosch Magneto. 24% 25 109 97 107% 105% 7 Loose-Wiles Bis 1st pf 106 106 - 4 83 Am Brake S & F' d T 1% 180 147% 178 6 12 Lorillard, P 167 164% TOBACCOS VERY STRONG e S (% 9% 5 AmBrakes & Foundry a1 T i 178% 14 orillar 121% 18% 20% 15 1 16% 164 115 American Can p: . 108% 106% 61% 25% 94 b58% 6 Mack Trucks. 2% 2% 189 American Car & Foundry. 156% % 156% o A Chalocl A 9215 g§ 59 1% 57 Macy (R H) & Complny 63 62% Several Sharp Advances at Close of 7y "";V’ Am ChRinCinan .‘_'l 2! % 27 384 Magma Copper. . 29% §'{” A = o & 1% 40 21 Mallinson & Co. % 3L = j 3 {16 g ] ‘American Cotton Oll. % 5% 43 Manati Sugar. Saturday Trading— Ex: 61 33 38 American Cotton Ol pf 69% 41 66 35 Manhattan Elec Supply... 36 36 hanges Lower. A Tn 3 Am Druggist Syndicate. 6% — — 4% Manhattan Elevated gtd.. 32% 81% changes 2 1162 126 1431 American Express. 91t 59% 32 4T al% Manhattan Shirt. . 42 42 —_— 17% 18% American Hide & L 7% 46% 225 59% Marland Oil & Refin 24 23 74% 5 4% Am Hide & Leather pf. 37 86% 20% 87% 26 Martin-Parry...... 28% 27% Bythn Aspoiatod Dress. . 122 % American Ice 88 54 22 64% Mathieson Alkall 36% 34 NEW YORK, October 20.—Stpck ! 50% American International... 19% T4% 41% 63% Maxwell Motor, Class A... 41 40% s developed moderate etrength in 171 Am La F Fire Engine 11% 25% 11 21 Maxwell Motor, Class B 11% 11% today’s qu alf- ay se 2% American Linseed. ... 117 179 101 86 May Department Stores. 84 834 Narrc na irregular 641 American Linseed pf. 35% B4% 14% 23% Mexican Seaboard..... 9% W 9% Narrow jand lrregula - Am Locomotive (new) 70 S1% 25 304 Miami Copper. . 23% 227% took place at the openinsg, a 5 PR RS 45% 16> . 43 12y Middle States Of 5% B newal of heaviness in the rubd @ l"‘ American Radliator. 81% 45% 26% 33% Miavale Steel, 25% 25Y% some of the oils, but the appearance | 9 American Safety Razor 6 5% 65 73% M. St Paul & SS M. . 50% 50% of sub: fal busing orders in the s 3 Am Ship & Commerce. . 1% 19% 7% 17 Mo Kan & Texas new. 12 13 s e A o1 Dris} American Smelting & Ref. 564 484, 241 45% Mo Kan & Texas pf new. 28% 28% gustrinl fedders znds anotncEinak Am Smelt & Refining pf... 9% 25% " 15% 19% Missouri Pacific. . . 9% 9% quiry for the tobaccos set in motion Amertcan Steel Foundry.. 35 63% 40 49 Missouri Pacific p........ 27 264 a covering moment, which continued ‘American Sugar Refining 62 76% 63 75 Montana Power 59% 5% active up to the close. Am Sugar Refining pf 100% 2% 12 26 Montgomery W 23 o 12% Am Sumatra Tobacco. 20% 19% 13 20% Moon Mptors 22 22 ‘Am Telephone & Teleg. ... 128% 1% 9% 14 Mother Lode Coalition.... 8% 8% American Tobacco, 151% 630 70 114% Nash Motors 90% Am Tobacco Class B 150% 21% 9% 184 National Acme. ... 9 Am Water Works & Elec.. 37% 394 85% 48l National Biscuit. 47% 1081 Sweden 6s 1939. . 4 104 104 |may be used, one important and the Am W W & Elec parpf.... 6% 66% 26 674 National Cloak & Sult..... b3% 312, Swiss Continia £ 4e % 111% 112 other unimportant. The first is the Aarican Woolen st o Nxt Depaaiment Store i 109% United Kingdom 5%s 1929.. 111% 1114 selling of sterling exchange on the ‘Am Writing Paper pf. .. Nat E-::r',’:‘& Slar::‘:f‘“” 901 100% United Kingdom 5%s 1937..000 il Erepnrl that the Britlsh governmen American Zine Lead & S. National Lead. .. INDUSTRIAL AND MISCELLANEOUS. = » .:rifea‘:flflil‘.gn?do%.f‘ é’.‘fl‘f,’ ot delib- American Zinc L & S pt Nevada Con Copper. 11% s 96 Amer Agrl Chemical 7%s 1941.. 98% 98% 99% | T port caused was evidence of ‘Anaconda Copper-. .. . New Orleans, Tex & Mex.. 86 96 86% Amer Smelt & Ref 1st 55 1947.. 907 90% - 91% | orvousness that took no accoun Arnold Constable & Co. New York Alr Brake. . 3 3 100% Amer Sugar Refining 6s 1937... 101% 101% 101% | Sthir'of the probabilities of the situ Asso Dry Goods. ... N Y Alr Brake class A . 95 Amer Tel & Tel cl tr 58 1946.... ‘97% 7% 97 lation or of the established reputatior Associated Ofl. New York Central.... 91 Amer Tel & Tel cl tr 4s 1929.... 92% 9214 92% |of Great Britain for sound financia. Atchison, Topeka & S Fe. New York Chi & St Louls. 82 Armour & Co 4%s 1939. ... 84 834 ’M‘fflpr{llcy. How any one could imagin Atch, Topeka & S Fe pt. K 3 = 14 —— New York Chi & St L pt 96% Atlantic Refining deb 6s 1937... 96% 96% 97 |that with the German object lesson in Atlantic Coast Line. 4 6815 5 5 Ney York Dock pf. .. 95 Bell Tel (Pa) ref 5s 1948. . % % ».I::)'::"mt:m;u e o Mlew Atlantic Gulf & W 1. 354 2 —— New York, N H & Hart. 86% Bethlehem Steel p m 53 1936 8% o7s. GG a7y |perienced bankers and statesmen o Atlantic Gulg & W Ipf 301 New York Ontario & W 96 Bethlehem Steel s f 63 1943..... %fi - 997 166~ fthe world could be contempluting Atlantic Refining. . 25 New York Shipbuilding 107 Brooklyn Edison 7s D 1940 108 08 | compicte reversal ‘of thelr policy bur Atlas Powder (new) 125% Norfolk & Western. 95 Central Leather 53 1925. . 96% : . 95%|.yed amid dificulties of the greate: Austin Nichois North AmekHcan. 115% Cerro de Pasco 8s 1931. 117 117% | magnitude ever since the close of th Baldwin Locomotive. North American pf 96% Chile Copper 6s 1932. . 9815 8% 99 | war is not easy to explain. Baltimore & Ohlo. Northern Pacific. . 84% Cons Coal (M) 1st ref 6a 1950.. 86% 0% 87 | Rumors Fill Wall Street. Baltimore & Ohio DE.sssss Orpheum Circuit. lg;"" e :",d;:,‘&o‘“" o i 103 o3l The other happening, In itself nou Barnsdall. Class A Otis Steel. ... 106% Dol Pont de Mens T%s 131, 107% 1077 1073 107% | to be treated seriously, was the whis EL L 591 Owenn Bottle 88% Empire Fuel & Gas 7%s 1937... 92% 91% | pered report that spread through ths gfi;?r:(nf::()’;vkmg b 72 “"“g' "’""‘E'“""’ 991 General Electric deb 5s 1952 % 101% | street about the middle of the week Bethiehem Steel. .. 48y Paciie ot - : %983 Goodrich (B F) 6%s 1347 . 98% | (nat a certain very eminent trader Rethlehem Steel pf new... 89 Packard Motor Car. 99% Goodyear Tire §s 1931 just returned from abroad was about British Empire Steel2dpf. 15% Dackacd Motor Carpt D o & met v 1918 ; ; to give out an important statemer Brooklvn Edison Electric. 1084 Pan-American Pet Trans. S I an Srec o-1958 s 11 9% 1004 3% 1001 |expresacs ltsclf in the present-day Brooklyn Rap Tr full paid 32 Pan-Am P Trans Class B. 73% Inter Mer Marine 6s 1941 77 9% i | 1 ws were contrary to thosc Brooklyn Union Gas. Penna Coal & Coke........ 36% 81 Inter Paper os B 1947.. , 3 “by the operators for a decline ir Brown Shoe Pennsylvania Raflroad... 42% 417 17 101% Kelly-Springfield §s 1931. . 31 stocks. The amount of at 1"{‘;:::5’{‘;‘““ :‘,*fln‘sfflt‘gglfd; eel. ..... ~§ . % S 7 Lackawanna Steel 5s 1950. 4 9 » was paid to this report wi cople’s Gas . . 80% 9 - : 96% O 6 s e ntal tecidedly | ¢ Tutte & supennr. 2 D 43 Sei Milvale Stee) 551996 1 > . ona i Yook on - g A BILONIES Company, Pnilip Morris & Co 21% 2 95% New England Tel 6s 1952 s 9 going too far to s about to brea Eran n_the Caddo CentO & R Phillips Petroleum. 24 106% New York Edison 1st 634 1941. 109 2 109 1 | market and ab: ndoned. its 3 rations. Demand Californta Packing. Pierce-Arrow. . S v e N Y Gas ELH & P 52 1948..... 975 ction of forecasting trade condi- s conts to S50, California Petrolm (new). Plerce-Arrow pf.... - 20' 1094 New York Tel 65 1941 : . It is plain, however, that und ded 3% poi California Petroleum pt. . Plerce Oil...... 1% 13 « oo New York Tel 455 1939. o ent circamsta little Callahan Zinc & Lead Pierce Oil pf.... D1 e T e E s isanes s o1, | should be put upon the signific Canadian Pacific E Pittsburgh Coal. 0% 6 ‘ L DL e e : 243 | changes in quotations Central Leather Pittsburgh & W Virginta. 414 3 ! - $8 Pacific Tel-& Tel 5s 1952. p S0y ooy | Foreign Affairs Ignored. Central Leather Co pf. B ostn Sereal : A 98% Philadelphia Co ref 63 1944 ! The second ure Is the way Central Railroad of N J. Postum Cereal pf . % | - 2o Public Sorvice 5s 1959 . 7 which the rapidly developing crisis Cerro de Pasco Copper. . Pressed Steel Car : e 1ast. = : oo s Chandler Motor-. . Pressed Steel Car pf...... 5 Sinclalr Crude Ofl 5%s 1925, F: ie | ignored Ame Chesapeake & Ohlo. Producers & Refiners. . n | Socit Eorto EicoiSumar e 1041. ] With the German mark depreciati Chesapeake & Obio pf. Producers & Refiners pf... 37% . B s et Sor 1o0is| to the extreme limit of worthi Chicago & Alton. . Public Service new o A ; s it iy oo 86 A9t 8 j and wich ci Chicago & Alton pf. Puilman Co. ... 17 a ’ 'S Bubher 15t & vat & 3 s /1SR, our, Injastore Chicago & East T1in Punta Alegre Sugar 56% U S Steel 8 £ bs 1963 _ e dop ] coantin e Orbed Chi & East Tlinois pf Pure Oil... 173 ! 5 Htah Power & Light s 1986.... 8 i o e e sy Chicago & Great Wes Pure Oil pf....... 861 B Va-Carolina Chem & f 7s 1947... 8 2" 823 T el T Chicago & Gt Western pf.. Rand Mines. ... 314 E y Va-Carolina Chem 71%s '37 war. 674 67% 62 scarcely moved, notwithstanding the Chi, Milwaukee & St Paul. Rapid Transit w 1. 128 Western Union Tel 6%s 1936.... i German collapse—it it Chi. Milwaukee & St P pf.. Rapid Transit pf w i 37 E . o 2 Wilson & Co 1st 65 1941. 6 6% 95% & com t—must react gravely Chicago & Northwestern. Ray Consolidated Copper. 12% 2%, % Wilson & Co cv T%s 1931 67 5 B The foreign Chicago Pneumatic Tool Resaing. T 7T $713% To% phiachisdios a as already pointed out, ‘hicago, R I & Pacific. Reading 1st pf. AtoHIE e 1995 . 'sho“.q signs of nerv o “hi R I & Pacific 6% Reading 2d pt N e o caiiiie 8% | London market ile Copper. eplogle Steel. Eopas ¢ de here have eithe: d steady Chino Copper Republic Tron & Steel i g e =i 1o 4 ormoved only fraction cocantl. BepDI LIS N Ssoetut Balto & Ohio cv 4%s 1933.%.... 8 4 35 | when th S At Moo e Falede Reynolds Spring. Balto & Ohlo ref 5s 1995. : - e e L L IR Coca-Cola. .. Reynolds Tobacco. B.... B&OPitts LE & W Va 4 T6Y% 75% | of a crisis abroad has been hogra o “olora 54 e 5% 0ad has been heard so Colorado Fuel & Tron Revnolds Tobacco pt. .. . u B & O Southwn aiv 3%s 1925, 51 | often that § GhEer Colorado Southern. R o N - outhw 31 W 95% 95% t no longer has any ef e oval D N r shs + - Ganadiin Novehern 6Gs 1946, % 1124 | fect. It may be that the forelgn Columbis jGss/(nem) - St Joseph L. . Canadian Pacific deb 4s 2 o i 80% | bond market indicates beljef that the Columbis Carbon. . St Louis-San Francisco. .. 4 - Central Pacific s 1949. . s | situation on the other side is not s Commercial Solvents, St Louis-San Fran pf..... % Chesapeake & Ohio cv 58 1946 L § § d as It seems and that eventual .re Sonsolidated Chaar. St Louls Southwestern. Chesapeake & Ohio cv 43%s 1930. 873 73 71 | covery will come because it must, Tn Consolidated Gas new. St Louis Southwestern pf. Chesapeake & Ohio gn 4%s 1952 3 any case, it Is a striking phenome Consolidated Textlle. Savage Arms. G Chicago & Alton 3s 1949. 4 en: Continental Can. .. Schulte Stores. 4 Chicago & Alton 3%s 1950, ... . ! Politles Vil Factor. Continental Insurance Seaboard Alr Line. il e Chi B & Quincy 1st ref 6s 1971.. 9 . Aside from the trade outlook, whict Continental Motors. Seaboard Air Line pf. . s ” Chi & Eastern Iil gen 5s 1951. s not yet clear, political develop Corn Products Ref ears-Roebuck Ghi Great Western s 1959. 2 5 4 ments of the next few months t CasdenCompany. Seneca Copper. . Chi M & St Paul ref 43%s 2014. 5 come havea vitally Important bearir Crucible Steel. .. Shell Trad & Transport. .. S e S AR O < on the future of securities, Th “rucible Steel pi Cuban-American Sugar. Shell Union Ofl. Chi M & St Paul cv 4%s 1932 6le 56 4 portance of the attitude of Con hell Union Oil pf. toward the Iroads has been re Cuba Cane Sugar. Cuba Cane Sugar pf Chi M & St Paul gen 43%s 1989.. 78 7 Sily " Qiscizae ot Simms Petroteum. Chi & Northwestern 6343 1936.". T T s Simmons Co. . hicago Railways 5s 7. 7 E a anc he ‘ Guban-Dominlean Sugas Sinclair Con Oll IR & Pacifie ref 4s 1934, ‘ 733 et b e pesnk phb: Cuyamel Fruit, Sinclair Con Oil p Chi Union Station 4%s 1964..... 89 914 90 | ena t Secretary Mellon's ree- Davison Chemical. . Skelly O11. 4 Chi Union Station 6%s 1963. 21 11 # j ommendation for the reduction and Delaware & Hudson. Sloss-Sheffield Sti & Tron Chi & Western Ind con 4s 1952.. 7 | readjus t of taxes could b~ car Delaware, Lacka & West. . South Porto Rico Sugar. CCC & St L ref 6s A 1929 4 A ried out to the amount of $500,000,00¢ Detroit Edison outhern Pacific. . Cleveland Term 5%s 1972 i3 2 4 215 | provide =t Congress makes no new Dome Mines. Southern Rallway. g 33 Colorado & Southern 4%s 1935.. 3 aordinary demands upon the Du Pont de Nemours. Southern Railway pf. "~ Cuba R R 5s 1952 casury. Eastman Kodak Spicer Manufacturing. ¢ % Delaware & Hudson 6%s 1937.. 4 5 9 Secretary has contended all Electric Storage Battery. . tandard Milling. . Den & Rio Grande con 4s 1936.. 69 9 & and the best expert opinio Elk Horn Coal..... . Standard Oil of Caiiforna. Den & Rio Grande Ist ref 5s 1956 “ 8y | pupports him, that & reduction of the Endicott-Johnson. .- --« Standard Ofl of NJ. Detroit United 4345 1932 {higher surtaxey would actually in Erie Railroad. .. Standard Oil of N J pf cre2se the public revenue. On the Erie Rallroad 1st pf. Erie Railroad 2d pf, Famous Players-Laskey FE e - EFEEFS P+l 41+, 2 smaf wm ) - EFPTERFIPTRIES FF F 100% Chile 8s 1946 104% 103% 100 Chile 8s 1926 103% mg iggy 100 Chile 8s 1941 coes 104% 103% % | 41 Chinese Govt Ry bs 1951 46 444 Past of Sol : 88 Copenhagen 5%8 1944, o% Sow 8% gm‘ ng:fl : ;‘“" Bonus Would 76 Czechoslovakia 8s . e 1075 Donmark 8 195. 108% 108% | ;\‘ iberty Bonds, enmark 6s .. 4 i 92% Dutch East Indles 63 1947. .. 9% 97 | nanciers Say. 92% Dutch East Indies 6511962“" gg}z g?‘fv 833% Framerican Ind Dev T%s 88% French Govt 8s 1945. 9 99% 9:%‘ BY GEORGE T. HUGHES. 85 French Govt 73s 1941..... 94% gz | Special Dispatch to The Star. 78% Holland-American s f 6s 19 gg"* 93“:‘ NEW YORK, October 20.—Two f 90% Japanese 1st 4%s 1925 9‘:; 921 | tures stand out In any conslderatior. ggx Jevanses fg S 2. s > 78% 179 -, Of the course of the financial markets 74" Jotgens Utd Margarins 68 1047. 4 79% 79 80 !of the week. One s the unvevaants 69 Lyons 68 1934, 79% 80% and nervousness exhibited by specu- 69 Marseilles 6s 1934 g % 79% 79% l1ators in both securities ana in ~ew- 49 Mexico bs 1954 5 49% 39" Imodities. The other is the compara 29 Mexico 45 1954. 0% 2% 57y tive Indifference toward forelgn af- l”flg“ ;’,:;‘;f:;';’:’;::of_ ¢ 11058 110 1101 |fairs shown by the American stock 63% Paris-Lyons-Med 65 1958. . 31 72 172% and bond markets, with only fors 105% Queensland 7s 1941 4 106% 107 |exchange, cotton and wheat sensitl 100 Queensland 6s 1947 100% 101 | to news from abroad. 907 Riolaoisansizolts 18de oo o o 59 99| Iustrating this uncertainty in the A Eahle Mol 86% 6% |minds of speculators, two Incident 1441+ wES - E i i AL ey e HEE Sovea & @ 2 PELE i+l ++++14011101 - S e FaFsProerfeFausl Two Trade Developments. i A oo The only important trade develop- ! . 129% 161% ments of th cla 55%, 12 1598 tion oi the ilar divi 3 4 s directors of vart-Warner Speed- ometer and another cut of 20 cent a barrel on crude oil by the Hum! Oil and Refining Compa ; Substantial buying orders in North- orn Paciflc and Great Northern pre- i ferred resulted in net gains of about | 1% points each, reqovering most of the ground lost by the selling in- spired by speculative fear of a re- duction of freizht rates on srain. 011 Shares Do Better, Strength of the tobaccos was at- tributefd to inside buying prelimi- nary to a consummation of merger negotlations. Oil shares were helped )y the favorable report of the Fhil- 1ips Petroleum Company for the third quarter, that stock closing a point higher at 24. Pan-American issues also snapped back about a point above yesterday's closing figures on short coveri LM @ S -:mlv'qul“.mql...” wmmh'm‘lquhlmww|q|wqm L] =3 T+14014+ FEF 682 30% 105 81 129% 85 19% 18% 87% b4% 41% 241 51% 101% T N N N S P R 401 m;.;;lmqmll'«la-g].n||.|‘[‘~t;1 | |u|m..|||| g O R i1 FlI11LL+ S+ i++i+11001+) |=.->;m..:l ‘thul | mwuq.—l > all up 1 to chanzes Turn W ++‘HH1M|H++»+ b o Sena & llsl*;’l T .@ =1l & z incr member reserve bank im“ time de- reulation, ® Pl aR NVODERATE ADVANCE IN WHEAT MARKET Changes in Canadian Freight Reg- ulations Cheer Up Chicago Grain Traders. By the Assordated Press. CHICAGO, October 20.—Wheat scored a moderate advance in price today, helped more or less by news that nadian inland water freight regulat which United States ves sel owners object to had been modi- fied. The market closed firm, % to 1 higher. with December 1.05% to 5 May 1109, Corn finishec s unchanged to mx\\ at 2 to 20 ad- III“"*HI Iy downward hlnqmlmu F lllri Lawea Pttt b+t @ ¥ oA i 2 ++100 IIII‘"III : H © ‘5,|n I+i++14+1 inges which were understood as enabling United States ves to co- operate in handling Canadian wheat on the t lakes teoded to liftl wheat prices here, inasmuch as the offect w be to diminish likel ood of Canadian outlets to the east hecoming clogeed, and heavily in- creased shipments south into the nited S resulting. despite ths riff barrier of Tnstead of a sel B e +1i+1 00 Elow T IH‘"I Nm|u|a|||m_|m_ aSEam *® dropped i he quence of shippers, to the tion of the ket ere repor s Luy whe Minncapolis, an here who had been seilers te to take a reverse pos Bullish sentiment here was some- what encou d also by reports tha the moveme e S S S Laan 3 Hlttr i+ i Erie 1st con 4s 1996. . 2 T § 11 < " other hand the common belief tha Sterting Prosucts.... ¢ Erie sen lien s 1996 0 e new C S5 will. pass a bomus 85 5474 rie ¢ 5 5 bill. e or decrease in in- o-Lasice Stromberg Carb. . 8 Erle ;v_rcrzyy‘:kl:?zdeh e ‘ % 56%|come tax rates will be promptly re- ). - o TAn Y 3 ecte S v . ;‘_:g:lra;h\ax;& Fire Thaur. 113% Submarine Boat. 10 Grand Trunk 7s 1940 B : - B Hissteainity s for invest- Fifth Avenue Bus 10% x / SUpevic: OIF Great Northern gen {s % 106% uncertain factors which an Investor Fisher Body. 3180 +241 v —— Sweets Co of .. 106 4 Great Northern gen 5%s 1952. .. 6% | present or prospective, must weigh Fisher Body Ohio pf. 99% 2! I Tennessee Cop & Chem. ‘Hudson & Manhattan ref 5s 1967 3 arge incomes from higl 3 s el Fisk Rubber. 6% A 3 Texas Company.... 3 Hudson & Manhattan adj 5s 1953 5 56% 571, | Surtaxes would free that much cap- FEleheans Corirany, P : & 6 Texas Gulf Sulphur. Tilinofs Central 5%s 1934....... : ital for productive enterprise. Foundation Company. 67% 14 Texas & Pacific. . 78% 7 Inter Rapid Transit bs 1966. . 3 615 3 On the contrary, new issues of gor~ Freeport-Texas S e 2 T Texas & PacificC & O 4 Inter Rapid Transit cv 7s 1932.... f;“"p‘;fl"\‘ Secqritian gflrrm;guc!s”;(l, tazys el General American Tank... 42% 1% + 1% o 55% T 8 : ic : b 89 394 iusted compensation~ for fo-mer #. 7. Bantfo counuy felevs 1 e y General Asphalt 28% 2% + % 33» _‘":";ffk:‘;"éi‘”xg'rl 843 72! Kan C Ft Scott & M 4s 1936. i | diers could not but affect . lvers ompared with ¥ aTACthat General Cigar.. 8314 8316+ 2% ; Kansas City Southern 3s 1950... ; [|Qinraconill Hiof but afest), \versoly Nt g bl 16% Tobaceo Product: . Kansas City Southern s 1950, 5 5% | but other high-grade (nvestisenta Fepdraihey General Electric speclal... i 10% — % . ‘gf,"; ; Rocaccorniducts ot 96 2% Lake hore v e 2 Worry Over Railroad Rates. was 1ate s e . % L+ 4 gt e L 95% 1001 Lehigh Valley 6s 1935..... . i 94 91| Ag 1o the railroads, the suggestio ne of flour hadta utolaee e i =D 35% 3 Underwood Typewriter... 105% & Nash unlfled ds 104, q by the President that rates on wh 94 87 92 87% Louls = - 9% | and coal for export he reduced was able weathe: saavttia-conn Gimbell Brothers. .... a% + 1% % 59% 6 Union Bag & Paper. Louls & Nash 1st ref 53s 2003.. Gimbel Brothers pf 98 —2 124%'10 Union Pacific. . 108 101 : 4 | followed by the selling of the shares 92% 91 Market s; Rz fi"xsf:sng 4 of those railroads least in a position Goldwyn Pictures 1o% 70% 4 Union Pacific pf. 9214 81 Mil Elec Ry st re! . | to accept any loss of income. That Goodrich (B F) Company. 18% — 1% 106 7 Union Tank Car pf 107 101% M St P & S S M 6%s1931....... the roads the stocks of which suf- Goodrich (B F) Co pf, .. g 29 3 United Alloy Steel. v 727 Mo Kan & Tex 1st 4s 1990 . 74% | fered the most marketwise were mot Goodyear Tire & Rub pf. .. 98 e 152% 8 United Fruit... 89 74% Mo Kan & Tex pr In 6s A 1962.. 77% | those which carry the wheat or the Goodyear Tire & Rub pr pt 90, — 19 714 8l —= United Railway Invest.. Eoib 3 48% Mo Kan & Tex adj 65 1967...... 5015 | coal, once these commodities are Granby Consolidated. .. 5% — 1 v 26 —— United Rwy Invest pf. §103% 88 Missouri Pacific 6s 1949. 89 | taken for gzport, Is mot importdnt. Gray & Davis..c. 2 il 3 84% 64% 350 United Retail Stores. .. et 49 Missourl Pacific gen 4s 1975.. " i 5o |The suggostion is taken to confirm ireat Northern pf. 54y — 40%%20 — USCCIP & Foundry 725 N O Tex & Mex inc 53 1935... . i 50, |the impression that in the present (C.':::: I\‘::th:::opre otfs... 235 4 82% 64 USCIP& Fdy pf.. B0s 101% New York Central deb 6s 1935 s 104% | smgnfl o[q [rloolé!lcs 1& there were any Greene Cananea Copper. ... e 6% 2% United Statea Food Prod. . 108% 86 New York Cent deb 4s 1934 sacrifice: e made the chances are 89% | vill 93 it will be the railroads that must GUANtADEMO SUBAT, ¢« . s v s 5% — % - S oTmanMashine 100 / 9% New York Cent ref tmp 53 013, 95 | carry the burden. In the face of the Gulf, Mobile & Northern 100 — 14 ndustrial Alcohol. 85 NYNH & H cv deb 65 1948... 5 53% | ciciency shown in' the. h o e s 106 88% Unlted States R & Imp. £ v 2% N Y West & Boston 43s 1946. .. 374 | the_record-breaking trame. ehis . SEILMotTean S E 64% - 34 United States Rubber, . Frin 85% ,.!m.g.,]lk : g:::::: f:gnflzallis:ga. 813 88% | mer and awtumn, this may look un- o O e T i 105 3% 8 USRubberstpf. 87 5 107 . Norfolk 107% | just, but the market deals not with 20 USSmeltR & M. : Northern Pacific 3s 1 et oith e EInyeR Wikenl o B+ H bt 484 40% S omeihe M 65 fir Northern Pacific 4s 1997, e | i il S f{g;‘,‘l’i‘i:’,‘j"{;ffi;z"”‘ s 109% 85% 5 United States Steel. .. e 108% Northern Paciflc ret imp 33 2047 1% 108% 104 > ol B T 123% 184 7, Unled States Stoel 57 '99% Ore Short Line gtd bs 1946. . e 9 Utah Copper. 108 Ore Short Line ret 4s 1929 i [COTT Houston Ofl. ...... 50% + 2% | omg 9% 24% 14 Utab Sorraiti 26% O Ofe-Wash 1t ref 4s 1961 925 | CO ON FUTURES % % tah Securities Ton. ol Eindson Mpto 28% + /% 44%. 24% 864 98 Pennsylvania gen 5s 1968 - ke Vanadium Corporation. 2 ;‘l"‘:::l":“gfir‘:rf" Car.... e 28k 21 6% Virginia-Carolina Chem. . 10 L g SCORE NEW HIGHS 58 69 17 112% 30 Peorla & Eastern Inc 45 1990. L Va-Car Chemical pt. iaanatnig e B pe e L 39% Pere Marquette 1st 58 1950 a4% | V Vivaudou. Indian Refining....... 5% 5 11% 7% — Wabash urda; 101 Reading gen 4s 1997.. 87% i i Inspiration Copper. ... 25% 25% 7+ % — 20 14% 1% Waldorf System (new) 3 e R MR AL 43ie 1080 ! el S e ey Inland Steel.. 3435 34% — 2% PRl ogA R T WHEAT YIELD LARGER Intormar Agricutturatoo.. T3 1 14+ % (10 604 84 (% 2k welrruwo . s | BIALAL LY 4| Sharply Upward—Print y Inter Agricultura! pf. 6% 6% — % N Rp e B istttient i St L & San Fran pr In 4s A 1950 cen e International Cement..... 34% 4% + % e ie s n Aty and 6% StL & San Fran pr In 58 1950 ] Cloth Sales. Argentine Crop Increases 59,- » Internat Comb Engine 213 21% + M 3 20% . 12 Wettern Pasite ot St L & San Fran inc 6s 196 e | it Amcntel pns ; International Har, new... 7d% 74% + 1 63% 53 o P 0% St L & San Fran adj 6s 195 08%| NEW YORK, October 20—A re- 100,000 Byshels opex 0o s 105% 106 7 Iuter HArwipCihew).... . 207 108% — 2% 3" 1%om 1014 g:::::: Daion Beiex o Seaboard Alr Line ref 43 1959 4% | newal of yosterday's buying move- Argentina’s wheat production this| 27% 8% g 13»/; }n:el;lla‘r‘ch :V;Mll'nlns 8 %+ % 9% 6714 52% West'ghouse Elec & Mfy 35% sanl;o-r: :{: fl:: (‘:od: i: 1:34‘% 345 | ment sent ihe price of December con- year Is 59,700,000 busiels larger than 8% 41% — lerchan! arine pf... 28 27 + 4% [ 10% 6% Seaboar: 66 tracts up to 29 in the cotton mar- Wheeling & Lake Erle. 8% ~ 1 . . jast year and almost 100.000,000 19% 11% 11% International Nickel 11% 1% — % 12% 19 10% ‘Wheeling & Lake E pf... 943 S:.‘::‘.:::: ;‘.fl:ceer:l“u“::fi gg% ‘H:s carrica ‘;"oed?;lze Back l';ra“iligh; bushels larger than the avertgze pro-| 84% 60 69% 6 International Nickel pf. 6% 6% — % 25% 30% 20 2% White Eagle Oil. 92% Southern Pacific col 45 1949 3 58% (8 points of the high record of last 94% duetd ing the five vears, 1909 | 63% 43% 301 —— International Paper. 321 304 + S e 4 i iy 64% 3 International Shoe. 781 3 o o il SRR s s Southern Ry 1st 55 1994 3% | September and later months made “An officlal forecast from the Inter-| 20 124 8 — InvincibleOll. 8 el national Institute of Agriculture at| 53 24 32% — Iron Products. “,’: - T l: 27% 42% 19 —— Wilson & Co 1] Swa § ] E & ® 3 Provisic firme: r, in line with hog valucs _ GRAIN RAT r_S CHANGED. Canadians Act to Get U. 8. Vessels for Shipments. CLEVELAND, O ., October The dian Grain Commission changed the grain rate tariffs may be filed by stead of steamship compan cording to a telegram reccived to- oight by William G. Mather, presi- At of the Cleveland-Cliffs Iron Company. 82 55 The telegram, signed by Leslie H. h vd, of the Canadian Grain! g1 614 Cammission. rea o 3ou “Hoeard has ded to accept as a| 7y 10% eompitance with the act the filing o 1 owners or the[116% 97% rs before loading Ol' copies of the ch’lrlers or contracts tor space. (RE N RS R Vld+ bk ]+ ul eaoe| e o m S Ill»;l]q—w]malwq»—l‘lnml mlql‘qlmm (S Rt anpes I+ E| === 100% high records for the v Southern Ry gen 4s 195 88 | new high records season, with ' 2% = March selling at 29.48, or 45 points FATELS Southern B~ lev 6%s 1956. 101 € points Rome recelved here today places the | _— - 31% —— Iron Prod ctf: ia o e % 8% 6 Willys-Overland......... 105 Third Ave adj 5s 1960 ‘s:: net higher. These prices sttracted a 5: 24 | 71 42% —— Willys-Overland pf. great deal of realizing fo. over the oop it 18762 000, hushsis.oSompaset | (agg 10 174 — Jewel Tea 11 16% 137 265 199% 8 Woolworth (F W 96% e 323 | week end and December reccted to . 54% 34% 25% 4 Jones Bros Tea. 30 26% 40% 23% —— Worthington Pump. ... 96 Union Pacific cv 41937, 95% | 29.60, with the market closing barely Sheis) T i B I91.000 | 109% 1075 15 107 7 Jones& Laugh pf. . 108% 6 11% 8% 1 Wright Aeronautical. 1 9% 100 w:‘b:‘;‘;‘;_fi."}.gf 1963 = g;“ steady, although last prices were : year; barley at 4,593,000 bushels, com- | 30% 17 16% —— Kansas City Southern. 17% 80 63% 6 Youngstown Sheet&T. 85 64% 101 b prpori= Aot P P 38%| 10 29 points net higher. pared with 7.656,000, and oats at| 48% 34 28 —— Kayser (Jullus) & Co. 36 Dividend rates as given in the above table are the annual cash payments 69 Western Pacific 58 1946 708 | riyans: of priat cloths: inthe. il 58,560,000 bushels, compared with |106% 94 95 B Kayser (J) & Colstpf... based on the latest quarterly or half yearly declarations. Unless otherwise | 88% R e e 704 | River mazket for .the week wice;cs- 54,976,900, . 53% 34% 21% —— Kelly Springfield Tire. A noted, extra or special dividens are not included. f Fartly extra. 8% . . timated at 50,000 pleces AL ~