Evening Star Newspaper, October 22, 1923, Page 22

FINANCIA * STOCKS SELL OFF 1IN FIVAL TRADING Bears Throw Shares Over After Special Lssues Make New High Marks. BY STUART P. WEST. Special Dispatch to The Star. > YORK, October 22.—Dealings on the stock exchange today followed the familiar course of Monday mar- ket after a Strong Saturday. The upward -movement . gontinued ~ with ite u display of vigorag the open- ing and for the first half hour ar so. Leaders of the list, like Baldwin Locomotive, American Can and Amer- ican- Woolen, rose another half point to & point, ‘Then the professional following, which had only been cper- ating for an over-Sunday “turn’” commenced to get out, and as there was very little fresh outside buying, these offerings soon forced the market down again. Maxwell Rise Checked. During the early advance Willys Overland _preferred jumped to 70. Maxwell Motors A and Pierce-Arrow preferred were -also in some demand, évidently from a short interest, which 10 time ago took the stand that the omobile industry was facing a of overproduction. - This expe Tation, so far, has not been realiz \ough the motor companies are having a seasonal I ) in Maxwell was quickly checked. by reports of new financing. —Dupont stock sold above 128, but followed the general market latér. The best in- formation fs that the next dividend on General Motors common will not be changed, and the street finds it hard %o believe that the Dupont dividend will be raised. Rubber and Tires Sink. Rubber and tire shares had another king spell following a fresh break United States Rubber preferred. The action of this stock on the facc of . things suggest doubt regard the maintenance of the 8 per dividend, But similar-abrupt dec occurred last year and the year be- fore, und yet the full distribution was Jater made. Goodrich preferred went below again, sicld and Lee Tire were weak. There was another remarkable dem- istration in_the stocks of chain res and dr goods compan Woolworth ere 270 and there ¥ tmilar jump in Kresge stock. Ma partment Store alorg with the new high on the pr se stocks are arly use of the rapid piling up Auto Knitter Breaks. A violent ne in_ Auto Kni Hosiery s s set down as & ca ot “delayed liquidation.” In oth words, 1t was -the sale of speculative hich could not have been | unsettled con- | the il recently The principal movements today in the various markets were downward. This was not true of the general run of investment bonds mor of parts of the stock list But it was true in very marked fashion of the forcign exchanges, and in less degree of Buropean govern- ment ies, of cotton and of corn. unde: pound _sterling ive to the vevarations contro- versy, it is cuite impossible to at- tribute its decline to the Jatest Ger- man néws: The fact that cline persisted today {n sympathy with the dontal that the Great Brit- ain_governmerdi.is ~planning some currency inflation te‘meet the unem- ment problem showed that ra had nct beem the factor whi This “leaves as he_turd of the 4 n favor of the Stites and the necessity of ! providing the large semi-annual in- terest due next month upon the Brit- ish war debt . ‘ Wall Street Features. Commenting upon several automo- » concerns. whose securities are ve, u prominent brokerage house Raid today that the Chandler divi- dend would be matntatned, prospects Being 1lent forfuch more than semal fall . and. winter . business. . Studebaker, It Is said, will show the usual seasonal decline of 45 to 50 per cent in its account of earnings i 10 be published late in October. .How- ever, more bullish estimates from an- other source were that Studebaker's carnings would compare _favorably with those for the second ‘quanter.. Stromberg Doing Well. ings of the Stromberg Car< ! buretor Company are understood to . bo procecding at @. satisfactory rate and quite_sufficient to warrant main- "nance of the present $7 annual divi in spitc of bearish rumors re- ng this and other automobile ac- ry concerris. In the first half r Stromberg earned about $5.25 a re on the common stock, acainst slightly less than $3 in the corrcxponding perfod of "1922. “The company i said te be in excellent tinancial condition, CLOSING WAS HEAVY. the 1 sens | Usual Leaders Extremely Sluggish in Last Hour. the Associated Press. NEW YORK, October prices turned heavy in today stock market after a rather opening. Weakness of the Britis and continental e; of unfavorable German political de- velopments and a renewal of bear selling in rubber, textile and motor sccessory shares had a depressing offect on sentiment. Sales approxi- mated 500.000 shares The closing was heavy. the usual leader: sluggish in the late dealings. Inter- . national Harvester, United States In- dustrial Alcohol and €oca Cola yield- ed substantiaily to selling pressure. INQUIRY INTO MISSOURI M. D. DIPLOMAS PLANNED Stock s quiet’ firm Trading in College Heads Aroused by Reported Purchase of Medical'Degres for $300. By the Associated Press ST. LOUIS, October 22—Dr. Frank €. Waite of Cleveland conferred yes- torday with representatives of the state board of health, the state medi- cal assoclation and: medical dears of Washington, St. Louis and Missouri universities In regard to nndertakin, an inquiry into Missourl medical standards . Demands for the thquiry arbse last wweek following the disclosure by a reporter for a local newspaper that he purchased a medical diploma from u group of doctors in Kansas City and St. Louis for $300. Three of the doctors have been arrested and an- other has confessed to participatin in the operation of a “diploma mill” in_the state. During the conference the scope tnd necessity of the investigation were imparted to Dr. Waite, who was jnvited to make the survey BALTIMORE IMPORTS. BALTIMORE, October 22. — Last “veek’'s Import list for Baltimore con- tained the following totals: Crude ©il, 399,000 barrels; manganese ore, 18,335 tons; fron ore, 21,000 ton sugar, 23,000 bags; bananas, 24,937 bunches; wood pulp, 31,356 bales; pot- ash, wl bag: Quantities of meal, salt, rags and miscellaneous this de- | hange in reflection | became extremely | Adv Rumley. Afr Reduction. Alaska Gold Alaska Juneau.. All Am Cable. .. Allfed Ctiem Am Agr Chem Am Ag Chm pf.. Am Beet Sugar. Am Bosch. . Am Brake Shoe. AmCan..... Am Car & Fdy. Am Chain,(A) | Am Chicle Co... Am Cot Ofl pt... AmH& f.ea pf.. Am Internat’ Am La France Am Locomotive. Am Metals. . Am Safe Razor. j Am Ship'& Com. Am Smelting Am Steel Fdy. Am Sugar. Am Sugar pf Am Sumatra Am Te) & Teleg. Am Tobaceo. . Am W W 6% pf. Am W W 7% pt. Am Woolen..... Am Woolen p? Am Zinc&Ld pf. Anaconda. ... Armour & Co pf. Arnold Constab. As36 D Goods archiwon. Atchison pf..... | Atian Bir & Atl. i Atlan Cst Line. . | Atlantic Fruit. Atlantic Gnit. At1 Guif pt... | Atlantic Re | Atlas Powder... | Atlas Tack... | Austin Nichols | Austin Nich pf.. Baldwin Loco. .. Balto & Ohfo Balto & Ohio pf. | Barnesdall (A). | Rarnesdall (B). Bayuk Bro: Beechnut Pack. Beth Steel...... { Bklyn Edison... | Butte Copper. Butterick. ... Calit Petrol..... Callahan Zinc. Calume: & Ariz. { Calumet & H(n) Canadian Pac. Case Plow Wks. Central Leath. Fent Teath . {Cent Rib Mills pt “erro de Pasce. handler Mot. | "hesap & Ohto. . {Ches & O pfw 1. | Chi & Aiton. ChiMN&StP... Chi M1l &St P p! | Chi & Nortbwn. ChiR1& Pac. Chi R1&P6% DL, Chile Copper.... Chino Copper - 1 Coca-Cota. Coco-Cola pf. { Colo Fuel. i Columbla Gas. { Columbia Graph {Col Graph pt.... i Com Solv (A)... | Com Solv (B)... | Comp Tubulat Congoleum Co. . | Cons Cigar. | Cons Gas of NY. | Cons Textlla. ... {ContCan....... Corn Products. . | Cosden & Co.... | Cosden pf. | Crucible Stesl Cuban-Am Sui | Cub Am Sng pf. Cuba Cane-Suk.. Cuba Cane S pf.. Cuyamel Fruit.. Davidson Chem. D Lack & West. | Dome Mines Douglas Corpn. Dupont (E1). Eastman pf.. | Flee Stor Bat... | Emerson Brant. | Emerson-B pf . - | Endicots-Jona. . Erfe 2d pf. Famous Plavers Famous Play pf. Fifith Ave Bus. . Fisk Rubber.... Fletshman. . Foundation Co.. Freeport Texas. i {Gen Arit Tk pf {uen Asphalt. Gon Baking. Gen Clgar... Gen Electrle. Gen Eléc spl. Gen Motors. Gimbel Bros pf. Glidden . Gopdrich. | Goodrich pt. {Gondyear pf. Goodyear pr pl. Granpy Consol. . Gt Northern pi.. Great Nor Ore. . Gt West Supf Greene-Canan. . {Guit StSteel..... Harbishaw Cab. { Hartman Corp. . { dartman rights. Hendee M{g. | Homestake.. Houseb'd irod. . | Hudson Motors. Hupp Motors Hyaraulic Sti. illinots Central. 1il Central pf. Ind Ol & Gas- indiaboma Inland Steel. inspiration. Int Cement.... in Combust E... Int Harvester. Int Harvester pt Int Mer Marine. Int M Marine pf. Int Nickel. ... . Intertype Corp.. 1sland Gil. Kansas City 8 Kayser (Julius) Kelly-Spr Tire.. | Kresge (SS).... Lee T & Rubber. | Lebigh Valley { Lims Locomo. | Loews Inc. ... . LoftInc. .. Lorillard p Logis & Nasb. .. Mcintyre Por. . | Mack Trucks Magma Copper.. Mellinson & Co. Manati Suga: Manati Sug pf Manhat Shirt... Manila El Corp. Maracaibo Oll... Market St R 2d.. Marland Oil. Mathison Alkf Maxwell (A) Maxwell (B) May Dp Stores. . Mex Seaboard. Mex Seabd otfs. Miami Copper. . Middle St O1l Minn & St L (). Mo Kan & Tex. Mo Paciflc. Mo Pacific pf. Montana Power. Montg'y Ward, Moon Motors. 62% Low." Olose. % % 1% 96 3% 12% 1% 34 25 1% 93% 156% 7 62% 26 68% 12% 1% 34 26 % 3% 156% 22% % 15% 62 51 281 16% 1 104 106% 4% 1% 35 24% 851 21% 727 | change market. bringing the demand | Special 106% 674 26% | 1% 30% ta 16% 29 17% 35 21% 82 2 245% 12% 58% 41% 18% 204 22% 83% 40 11 88 9% 9 22% 5 1% 1% 9% 26% 59% 22% 21% -NEW YORK STOCK EXCHANGE Recelved by Private Wire Divect to The Star Office Open. High, 8 B 80 90 Mother Lode. Nash Motor: Nat Biscut 4T% 4TH Natl Enam a1% 42 Natl Lead...... 119% 119% INatiRyof M2d. 2% % Nevada Copper. 11 1 I NY AlrBrake.. 35% - 100% 101 NYC&StL(n). 73% NYC&StLpf(n). 87% NYNH&Hartfd. 11% NY O & Westrn. 164 Norf & Western 103 North'Amer.... 20% Neorth Am pf. 484 North Pacific... B2% Ohio Bdy & Blw. 2% Ohlo Fuel Sup.. 81% Oklahoma Prod. 1% Otis Steel. . % Otis Steel pf.... 45 Owens Bottle. .. Pac Gas & Elec, Paclfic Mail Paclfic O1l Pac Tel & Tel. Packard Motor . Packard Mot pf. Pan-Am Pete Pan-Am P (B). Parrish & Bing. Pennsylvania. n Seabd St Pere Marquette Philip Morris. .. Philiips Pete. .. Phoenix Hosfery Plerce-Arrow Plerce-Ar pf. Plerce Ofl. . Pierce Oil pf. Pressed Sti Car. Pressed St C pf. Produc & Ret Pub Service. ... Pub Serv 8% pf.. Puliman Co. Punta Alegre, Pure Oll.... Rapld Tran Sec. Rap Tran Sec pt Ray Con Copper Reading. Reading 1st pf. . Replogle Steel.. Rep Ir & Steel.. Reynolds Spr... Rey Tobac (B). Royal Dutch. St Joseph Lead. StL & San Fran St L Southwn St L South pt Savage Arm chulte Store Seabd A L pf. Sears Roepbuck. Seneca Copper. . Shell Unlon 14% Shell Union pf.. 90 Stmms Petrol... 8 Simmons. . 25% Sinclair Oil..... 19 Skelly ON. s 18 So Porto Sugar. 52% South Pacific... 86 Southern Rwy.. 383 Southern Ry pf. 6% St Oll of Calit 62, Stand Oflof N J. 82% Stewart-Warne: 834 Strombg Carb.. 63 Studebaker. 98 10% 2% 2% 40% 584 184 7 10 99 35 68% 88% 110% 24 38 59% 128% 32 88% 75 941 10 80 8 7 6% 90t 8 25 18% 16% 6234 ¥67% 824 £6% 6112 821 81% 61% 96% 9% 2% 2% Superior Cil. Sweets Coof A. Texas Company Tex Gulf Sulph. Texas & Pacifio. Tex & P C & Ol Third Avenue. Tide Water Ofl. . Timken Bearing Tobacco Frod. .. Tobacco Prod A. Tobacco Pro pf. Trans Cont Oll.. Underw'd(new). Union Bag & P. Unton Pacific. Utd Ry Inv pf. U S Cast I Pipe. United Drug. USFood Prod.. 5% U S Hoffman M 15% U S Indus Alco. 2y US Realty. 2% U S Rubber. 35% USRublstpf.. 85% US Smelt&Ref.. 20% SSmelt & Rpf 40% U S Steel.. x U S Steel pf. Utah Copper. Utah Securities. nadium Corp. Va-C Chem pt. 68 59% 32 87 5% 4% 15% 51t 2% 33 83 40% 87% 118% 57% 145 28% Fr Exp... Western Mda. - ‘West Pacific. West Pac pf. ‘Western Unlon. Westhse EI&M. West Alr Brke. Wheellng&L E. Wheel & LE pf.. White Eag Oil.. 21 ‘White Motor. 48% White Oll. * Wickwire 5% ‘Wilson Co 20% Willys-Ove .o 7 Willys-Overl pt. Wisconsin Cent. Woolworth. ‘Wright Aero... Youngstn Tube. 106 57 9% 6% 12 - 5T% 9% 6% 12 21 48% % 67% 5. 26 25 271 267% 271 10 10 10 63% 63 63 High. Low. Last. Call Money..... % 4 4 HOURLY SALES OF STOCKS. 11am 172 400 12m.......279 200 1pm..... $67 100 2p.m.....407 100 ISTERLING TUMBLES { TO LOW FOR YEAR ¥ the Associated Press, NEW YORK, October 22.—Specula- ive fear of an inflation in British urrency, combined with unfavorable | week-end developments in German ibrought about a heavy offering of | sterling bills in_today's foreign es 25 63% rate down to 4.49%, a new low record tfor the year. The previous low was { made in” September. —_— { An 0ld One Revived. From Judge. In the old days when horse cars were perfectly satisfactory, the pres- ident of the Bay Mare Crosstown line found that the revenue of his [rnllrond was growing less and less, jeven though, save for an attack of spavins, the railroad was doing a very jgood business. Meanwhile, Conductor Mike was doing very-well. In fact, his pros- {perity aroused the suspicions of the presidént of the line, and one day, after the last trip had been mad !the suspicious executive went into the carbarn and watched Mike count- ing up the day's profits. money on the seat before him. He would count 50 cents and place it on one side, and then 50 cents more from the heap would be piaced on 50 cints for the company. Fifty cints for me, p0 cints for the com- pany.” This went on_ until the pile had been divided, all but the last 50 cents, and this bothered Mike. The piles were even. To whom did the last 50 cents belong? Mike cogi- tated upon this question, and at last he solved it. Throwing it air he exclaimed: “All that sticks to the bell rope belongs to the com- pany!” POTATOES VERY LOW. BOISE, October 22 (Special).—Idaho potatoes are being offered by growers as low as 50 cents a hundred pounds and the entlre trade on the Pacific slope is dominated by low values. E: cept in the Oregon district, where rain has delayed digging, shipments are heavy. . E 13% | 40% | 1281 20% | Mike sat inside the car with the| the other side. “Fifty cints for me, | in the ! MOVES ARE MIXED INBOND MARKET Government Loans and Other High-Grade Issues Firm. Foreign List Weak. BY GEORGE T. Speclel Dispatch to The Star. NEW YORK, October 22—Irregu- larity again was the rule in the bond market today, although United States government loans and high-grade ralls and industrials were all firm. It is freely predicted by those who anticipate Dbusiness reaction that there will be a movement of capital into investment securities which should result in a much better bond market. HUGHES. Trend Hard to See. There is nothing in the present course of quotations to contradict this view. but there Is little to sup- port it. It is difficult to see why the savings bank issues should advance much higher unless the liberties also &0 up. It is admitted that the so- called second-grade bonds selling to give around 5% per cent, or in some ses even more, could easily im- prove their position if there were not competition from new On all these points today's hrew little light. s irregularity can be ‘illus- 4 ¢ opposite movements of Hudson and Manhuttan incomes and | of Third avenue adjustments. The former ran up a point and the latter declined as much. One was strong and the other There is some basis for this div v in the carning | position of the two corporations, but recognition of these differences has not been common recently. Sugar Issues Stronger. Among the industrials the Vir- ginia-Carolina bonds, both the first mortgage 7u and the 7izs, rallied from their depression of last week Uhited ubber 6s held about the same, notwithstanding the break in the preferred sto International Mereantile Marine Gs. lost part of their gain of last week, while Ajax | Rubber 8s advanced. Sugar issues had a better tone, especially Cuba Cane 8s. American Writing Faper 8s also went higher. About the same general conditions prevailed in the market for specula- tive ralls. There was persistent heav- in in Missouri Pacific general 4s. St. Prul bonds were about the same but herve the price may well have discounted much of the unfavorable outlook. Both the krie and the Bal- timore and Ohio isfues acted very well. Speculation in all this class of rails has fallen off greatly, Foreign List Depressed. As might have been expected, the forelgn list was depressed, especially the French bonds. Trading, however, was very dull and the fractional. losses were {PRICES ARE STEADY | IN COTTON MARKET Buying for Trade Account Helps Offset Early Drop—Frosts Reported. B the Associated Press. NEW YORK. October 22—The cot- market opened steady at un- anged prices to an advance of 15 points on relatively steady cables jand reports of frost In the south. !The advance met an increased vol- {ume of hedge selling, as well as con- {siderable realizing, however, and {prices eased off several points after ;1)1»‘ call, with December selling down from 65 to _29.52, or about 8 points net lower. There was considerable {buying for trade and commission house account on this decline, how- ever, and prices held very Steady { during the early trading within a tew points of Saturday's closing, Good Buving in New Orlean: NEW ORLEANS, October 22.-—Con- siderable solling came on the cotton market on the opening today and it drove prices 8 to 13 points under the closing quotations of last week to 29.08 for December. The cold weath- er over the belt, with light frost ex- tending to the gulf coast In some sections and a killing frost in many northern sections, brought in new o i ton i {up to 29.22, with the list 2 to 8 points jover Saturday’s final prices. | COTTON BIDS AT NOON. XEW YORK, October 22.—Cotton futures, 11:45 am. bids steady; Oc- tober, 20.62; December, 29.47; January, 29.02 March 29.11; May 20.17. NEW ORLEANS, October 22.—Cot- . noon bids steady: Octo- anuary FISCHER’S PRICE INDEX. { i Sl | Prices Now 156 Per Cent of Pre- I War Levels, Economist Says. Special Dispatch to The Star. { NEW HAVEN, Conn., October 22.— Last w prices averaged 156 per i cent of pre-war level. The purchas- ing power of the dollar was 64.3 pre- war cents. Crump's index number ‘1 , according to Irving Fisher, Yale economist. f PUTS $90,000 IN STEERS. !Virginia Cattleman Makes Big 1 Purchase in West. atch to The Star. | ROLLA, Mo., October 22.—The price lof feeder cattle in this section has !been established at about 6% cents a {pound. Fifteen hundred head of steers | were bought by C. G. Eppsa of Loudoun icounty, Va. from Phelps county farmers for $90,000. LIVERPOOL COTTON. LIVERPOOL, October 22.—Cotton— Spot, limited demand; prices easier; good middling, 17.6 fully middling, 17.30; middling, 17.42; low middling, 16.90; good ordinary, 16.40; ordinary, 16.10, Sales, 5,000 bales, including 3,600 American. Receipts, 7,000 bales, no American. Futures closed steady. October, 3 December, 16.72 January, March, 16.38; May, 16.15; July, ; September, 14.62; October (1924), 1417 PARIS MARKET FIRM. PARIS, October 22—Prices were firm on the bourse today. Three per cent rentes, 55 francs 10- centimes; exchange on Londom, 77 francs 25 centimes; 5 per cent loan, 53 francs $0 centimes; the dollar was quoted at 17 franes 16 centimes. FLOUR MARKET. { MINNEAPOLIS, Minn., October 22.— Flour unchanged. Family patents, §.15a6.35 a_barrel. Shipments, 68,000 | barrels. Bran, 28.50a29.00. Wheat, No. 1_northern, 1.13a1.19; December, 1.14; May, 1.18%. Corn, No. 3 vellow, 96a9s. Oats, No. 3 white, 38a38%. Flax, No. 1, 2.363{a2.40% RATES ON BAR SILVER. LONDON, October 22—Bar silver, 32% pence per ounce. Money, 2% per cent.. Discount rates: Short bills, 215-16_per cent; three-month bills, 81-16a3 1-8 per cent, % |buving, and at the end of the first{ {half hour of business December was [csvv vors BONDS ot s (Sales are in $1,000.) UNITED STATES .OND:cGMI (Fractions represent thirty - . Example: $8-3 means l{l-l’.) Sales. High. Lib33% . 50 99-29 Lib 18 . 87 97-22 Lib2d 4y 180 97-17 Lib3d 4%e... 612 98-10 Lib 4th 4% 295 97-28 US4¥%s1953. 134 99-5 FOREIGN. Sales. High. Low. Close. 102 101% 101% 88% 874 BT 99% 98% 98% o7% 97 9% 100 100 100% 88 87% 9TH 9% 19 19 79% 9 79 93% 93% 99% 99% 1013 101% 100 99% 99% 89K 1025 102% 108 103% 95% 95% 89% 89 91% S1% 93% 93% 108% 108 95% 95% o1% 9% 87 96% 96% 96 0% 90% 99% 99 9% % 92 01 83 82% 97 97 93% 934 92% 92 179 80% 80 79 8% 48 4T 28% 28 97% 9T% 110% 110% 0% 93% 94K 94 89 B8 2% TI% % 5% 107 106% 9 90 96 96 96 96 294 99% 86% 86 67 66% 104% 104% 112% 112% 67% 67% 110% 110% 101 100% 99-26 97-18 97-12 9814 97-18 9.2 99-4 Argentine 7 Austria 7s. Belglum 7% Belglum 6s. Belgium 8 Bollvia gs.... Bordeaux 6s. Canada bs 1931. Canada bs 2. Chile 85 1926 Chile 8¢ 1941. Chile 7s 1943, Copenhagen b Cuba 5%s cf Czechoslovakia8s. 6 Denmark 8s. . 6 Denmark 6s. .. Dutch E I 5% 27 Dutch East I 68'47.127 Dutch East16s'62. 73 Framerican 7%s, French Govt 8s French Govt 7%s.. 69 Haltl 6s. . . 7 Holland-Amer 6s. . Italy 6%s1925. . 4 Norway 65 1952 Orfent Dev deb 6 Paris-Ly's-Mcd 6 Prague 1%s. .. 94 89 72 76 107 50 56 96 9% 86 67 104% 12% 874 10% 100% 874 102 Queensland 7s. .. .. Rio de Jan 851947 Rio Gr Do Sul 8 Sao Paulo.City,8s.. Sao Paulo.State Seine, Dept of, Serbs Crotes Slo Sweden s Swiss Confed Tokio 5 Ud Kingm 6%/ Ud Kingm 5%s '37. { Ud Steam Copen 6s 8% 87% {Uruguay 8s....... 1102 102 MISCELLANEOUS. Ajax Rubber 8s.... 10 88% Am Agr Chem 7i%s 7 9% Am Chainsf6s33. 4 9315 Am SmIt&R 1st 53. 10 91% Am SmIt&R 6s. 1024 Am Sugar Ref 63 101% AmT& Tcvés AmT&Tcl trGs. AmT & Tcltrds Am Writ Paper 6s. 19 Anaconda cv db 7s. 87 Anaconda 1st 6 Armour & Co 4% Ass0 Ol 85 rets Atlantic Refin 53 Barnsdall s £ 85 Bell Tel Pa 5s Beth Steel 5% s Beth Steel pm 5s. Beth Steel s £ 6s. Brier H St 1st 51on. Bklyn Fdison 7s D, Bush T Bldg 55 '60. Central Leather 53 Cerro de Pasco $s. . Chile Copper s { Commonwth P Con Coal Md 1st Cuban-Am Sug | Cuba Canecvds | Cuba Cane cv 75 ‘30 Dery (DG) 7s..... Det Edison ref 6s. . Donner Steel 78 | Du Pontde N Duquesne Light 6s. Est Cuba Sug 7%8. | Empire G&F 73s.. | Fisk Rubber 8s.... Gen Elec deb 5s... Gen Refractres €s. Goodrich 618 Goodyear 8s 1 Goedyear 88 1941... Hershey 6s 1942... Humble O&R 548, Tllinois Bell 1st 5 Indiana Steel b | 1nt Mer Martne 6 Int Paper 1st 5s B. IKCP&Lt 53 A2 i Kelly-Spring Lackawa § 6 Liggett & Myrs bs. Lorillard (P) Ts. Magma Cop cv 73 anati Sug sf 738 Marland Oil 7%, Marland Oil 8s 31, Mexican Petrol 8s. Mich St Tel 1st 58, Midvale Steel 5s... Montana Power bs. | Morris&Co 1st 433 Nat Tube st 5s.... NYG EL H&P 58 NYG EL H&P 4s N Y Edsn 1st 6% N Y Tel 68’41, N Y Tel 65°49.. NY Tel 4%s N Am Edison 6s. Nor States Pow 0s.. Northwst BTel is. ! Pacific.Gas & El5s Pacific T & T 5852 Pan-Am Pete Phila Co 5%s Phila Co ref 6s A Plerce-Arrow 8s... Producers & Rf Ss. Public Service 5s.. Punta Alegre Saks & Cos £ 78, Sharon Stl H 8s. Sinclair Ol 7s Sinclair O11 6 Sin Crude Oil 6: 5:n Crude Oil 538. Sin Pipe Line 6s... South Bell Tel 5s. . So-Por Rico Sug 7s. Steel & Tube 7s..... Tenn Elec Pow Tobacco Prod st Toledo Edn 1st 7 Unit Drug v 88 USRub 1st 1t 5s.. U S Rubber 7%s... U SSteel st b Utah Pow & L Vertientes Sug Va-Car Chem 7 Va-Car Ch 7%e w. Warner Sugar 78.. West Unlon 6%s Westinghouse 78 Wickwire Spen 7 ] Wilson & Co 18t 68, 8 96 ] Wilson&Ccv 7%s. 2 96 Winchester A T3s. 7 103% Youngstn S& T 6s. 15 93% 93% FREIGHT UP 33 PER CENT. CLEVELAND, Ohio, October 22.— Total revenue freight tonnage han- dled by the Nickel Plate railroad in- creased more than 33 per cent during the first seven months of this year as compared with a corresponding period in 1922, according to an analy- sis made public by the- consolidated Nickel Plate road. The analysis shows a total volume of 15,368,967 revenue tons, an increase of 4,614,109, NEW MILLS PLANNED. CHARLOTTE. N. C. October 23.— Two New England concerns have an- nounced their intention of opening factories here at an early date. Carl Stohm, Inc.. of Hyde Park, Mass., will manufacture _cloth for vests, shoes and corsets. The United Knitting Company will manufacture flat goods. Both concerns have leased floors in the new. Wade building,- s FETSS T T YR 87% 99 934 a1 102% 100% 116% 97% 92% 66 984 96 £4% 9% 964 95 9% 88% 56%a 97 93 108 1% 95% u7 98% 874 86% 106% 94 87% 76 103% 87% 107% 103% 9914 91% 103 101% 97% 87% 99% 93% 1% 102% 100% 116% 7% -92% £6% 98% 6% Bilks 948 6% 85 7% 88% 86% 97y 93 108 91% 5% 17% 29 7% 6% 106% 94% 7% 76 103% 88 107% 103% 99% 92 103 101% 9% 98% 100% 116 99% 97 93% 100% 9% 84 88% 100% 88% 964 116% 108% 98 98 99% 103% 100 85% 94% 79 9915 97 82 109% 104% 105% 94% 9! 89% BESanmane ® P WEBACAR® CIRRBA O R~ oo 1900 00 1 €08 19 00 = €0 30 00 b O 6O VIS K 10 1S 19 - 89% 90% 103 T 8T%h 100 72% 102% 7% 107% 103 29y 93 87 96t 964 824 943 100% 103% 92y 106% 10634 110% £6 104% 1024% 88% 9By 83% 65 103 199% 107% 920 5% 96 10315 3% verBomBooarroamuiocaranannInoan - | Chl M&St P cv | 10714 | Unlon Pac 1st rf 5: 1 | i { Low. Close. [T 88% 884 86 36 81% 81% 96% 79 . 79 100% 100% 83 83% 3% 5% 176 85% 95% 67 €7 89 89 89 89 8 8 118% 113% 112% 112% 80 80 92 92 95% 96% 86% 86% 88 87 8T% 83% 83% bi% b4k 81 81 98% 98% 6% 6% 44% 44% 43 50 43 60 B6% 66% 2% 2% 55 85 1% 72% % 79 106% 106% ki i ] 4% 894 4% 894 101% 95 101% 82 94% $1% 101% &4 101% 84 83% 97% 0% 43 5% 104% 49% 62% 554 108% 106% 96% B1% 58 100% 99% 62 62 €0 86% 40 87% 4% 70% 85 81% Atchison gen 4 Atlantic CL 1st Canadian North Canad North 83, Canad Pac deb Shen & 0cv dsia. &0 4%s, . Chi& Alton se- Chi & Alton 33s. . Chi B&Q 1at rf Chi & ETll gn ChiGreat West 4 Chi GrWest 4s (n). 1 Chi M &St P rf 434s 19 1 3 Chi M&St P 4535, Chi M&S P cv 4%4s. Chi M&St P 4s '34. CM&StPgn iy Chi & N'W 7s. ChiRT& Pac r: Chi Un Sta 4% CCC&StLrf6s A.. Cleve Term 51 Colo & Sou 4% Cuba R R 7% Cuba R R 68, Del & Hd 1st rf 4. Del & Hudson 6%8 18 Den & Rio G cn s, 14 D&RG1strt Det United 434, Brie con ext 7s. Erie gen 4s. Erle conv 4s A. 8% 97% 69% 43 85% 104% 49% 52% F3% 103% 106% 96% 81% 574 100% 99% 62 61% 60 6% 40 8% 74% 0% 85 81% 944 94w £9 89 104% 1043 95% 85% 57 57 9276 £2% 16% 154 102 102 871 81K 74 74 7% TTh 8% €4 50v BOW 88% 49% B84 5% 8% 104% 1043 8% 88% 85 8534 80% 80% % Ti% 54 So Gr North gen 5%s. Hud & Man ret b Hud & Man aj 6s. Il Central 5%, Il Cent ref 55 '55. Int Rap Tran 5s. L = Kan City Ft 8 Kansas City § Kansas City § Kan City Term 4s. Lake Shore 43°'28. . Louis & N uni 4s. Louis & Nash 534s. Louls & N 5s 2003, MBGONRROONOBARBREN o ® S Manhat Ry cn 4s.. Market St cn 5 M&StLrfex M StP & SSM 6% MBtP & S8M cn MEK&T 1st 4 MEK&TprinbsA. MEK&T6sC MK & T adj o Mo Pacific 6s Mo Pacific gn Montrl Tm ist b N O Rex & M in b N Y Centgen 3%s. N ¥ Cent deb 6 NYCentdebds... 10 NYCentriss.....24 N Y Centcn4s 3 NYCenLSecl3s. 16 New Havencdés.. 1 58 | New Haven d 4s 57. 4 27% 27% New Haven 7s....." 3 62 62 New Haven 7s fr... 17 58% BBl New York Ry rf 4s. 4 32% 32% | NYRyrf4sctfs.. 26 324 32 New Yor': Ryajbs. 6 2 Norfolk & W cn 6 887, Norfolk & W cv 6s. 1 107% Northern Pac 3s... 7 59 Northern Pac 4s... 4 82% | Northn Pacri6s.. 4 104 1 23 6 7 4 EErrY Northern Pac 58 D. Ore & Calif 1st Bs. Ore Short L ref 4 Ore-Wash 1st rf 45 Pennsyl gen bs. Pennsyl gen 43 Pennsyl 618 Pennsyl gold 7 Pere Marq 1st Rapld Tran 6s. Reading gen 4 St L IM&S R&G StLIM&S4s°29.. StL&SFplisA. StL&SFIncés StL&SF6%sD StL &S Fad; StL &S F pl 5 StLSWistés.... % | St LS Wconds's2, 2 75% T5% | StP & KCShL 434s. 8 % T4u| Seab'd A L ad) bs. . 181 34% Be% | Seab'd A L con 65% 65% | Sou Pacific 4s 1! 92% 924 Sou Pacifc ref 86 g6 Sou Pacific clt 4s. . 83% 83y Southern Ry 1st 5 945 94% Southern Ry gn 4s, €8 @8y Southern Ry 6% 101% 101% Sou Ry Mobile 4 W ToW ‘Third Ave ref 4s 62 62 Third Ave adf 68 42% a2y TolStL & W 4s. .. T 72 | TolStL& W 3%s. 95% 95% Unlon Pac 1st ¢s. 92% 924% Union Pac 1st rf és 8214 824 Union Pac cv 4s 95% 95% Union Paccv 8s. 1025 1024 993 993 941 94w 8% 864 °4% 95% 26 Virginia Ry 1st 6 vaRy & P 1st 58 Wabash 1st 5 Western Md 4s.... 58% 58% Whel &LEf 4%s. 1 484 48% TOTAL SALES (Par Value): 1la.m.. 1998000 12 noon. 2 665060 1pm.. 4651000 2p.m.. 5665000 | NEW YORK EGG PRICES. NEW YORK, October 22.—Eggs— Irregular; receipts, 7,629 cases; fresh gathered extra firsts, 41a46; do., firsts, 35240; do., seconds and poorer, 28a34; New Jersey hennery whites, closely selected extras, 80a84; nearby hen- nery whites, closely selected extras, 78a32; state, nearby and nearby west- ern_hennery whites, firsts to extras, 60a70; nearby hennery browns, extras, 51a55; Pacific_coast whites, extras, 72a76%; do., firsts to extra firsts, 60 270; refrigerator firsts, 30a32 TODAY'S BUTTER PRICES. CHICAGO, October 22.—Butter—Un settled; creamery, extra, 47 per pound standards, 45; extra _firsts, 45246; firsts, 42a43; seconds, 41a42%. Eggs—Higher; receipts, 9,533 cases; firsts, 34a40; ordinary firsts, 2: 28, —_— WEEK'S GRAIN EXPORTS. Grain_ exports from the United States last week amounted to 2.228,- 000 bushels as compared with 4,875,000 bushels the week before. VISIBLE GRAIN SUPPLY. NEW YORK, October 22.—The visi- ble supply of American grain shows the following changes: ] com a8RaanSaaa ‘Wheat, increased, 689,000 bushels. Corn, decreased, 53,000 bushels. Oats, increased, 1,634,000 bushels. | Rye, increased, 543,000 bushels. Barley, increased, 444,000 bushels. COPPER AT 12 78 CENTS. NEW YORK, October 22.—Copper q;lel: electrolytic spot and futures, 127%. "M easy: spot and nearby, 4112 futyres, 40.87. Irop—Steady; No. 1 northern, 23.00; No, 2, 22.00a22.50; No. 2 southern, 21.00a23.00. Lead—Steady; spot, 6.85. Zinc—Quiet; East St. Louis spot and | niearby, 6.3086.35. — Antimony—8pot, 7.00a7,68. {the following B { cember, 42. INANCIA Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. There has been a slight boost in the price of fresh eggs the past few days. Eggs are always in demand, dealers report, and choicest stock always finds ready sale. Fresh stock was quoted at 48 cents this morning. There are plenty of storage on the market being offered at various prices. Demand for stor- age stock 13 reported as being fairly brisk. Butter prices are about the same as last week's. The market is a trifie firmer, with no material ad- vance In prices. Cheese prices have undergone no material change the past few weeks. Eggs—Strictly fresh, selected,can- dled, per dozen, 44adb; average receipts, 40; storage, 35a36. Live poultry—Roosters, per 1b.,18; turkeys, per Ib., 35a38; spring chickens, per Ib., 26a27; keats, young, each, 50a60; fowls, ‘per 1b., 26. Dressed poultry — Fresh - killed spring chickens, per 1b., 32a35; roast- ers, per lb., 30a35; hens, per 1b,, 30a32; turkeys, per Ib., 40a50; keats, young each, 80a85; roosters, per 1b., 21a22. Live stock—Calves, choice, per 1b., 123%a13; medium, per lb., 11al2; thin, per 1b.,'8a10. Lambs, spring, per 1b. 14. Live pigs, 3.00a5.00 each; live hogs, per Ib., 7. Green fruits—Apples, new, per bas- ket, 50a2.50. California oranges, per crate, 6.00a7.00; Florida, ~ 3.00a6.00. Lemons, per box, 4.00a5.00. Grape- frult, 3.50a4.50. Peaches, per basket, . half-bushel basket, 7ba Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, 22%a 26; Colorado Lopes, standards, 1.00a2.00; flats, '50a75; honey dew melons, 150a Vegetables—Potatoes, per bbl., No. 1, 3.00a3.50; No. 2, 1.50a2.00. Potatoes, round, per bag, 2.15a3.00; sweet potatoes, 2.50a3.00 per . bbl. New York lettuce, per crate, 1.50a2.50; near- by, ‘Cabbage, northern, 2.00a2.25 per ; nearby, 1.00a1.50 per bbl Eggplant, per crate, 1.00a1.50. Toma toes, haif-bushel basket, nearby, 75. Beans, 5.00a7.00 per bbl. York celery, per crate, washed. 4.00a 5.50; in rough, 2.50a4.00. Squash, 5.00 Peppers, per crate, nearby, Kale, per bbl., 75al50. Spin- per barrel, 1.5082.50. Home- grown lima beans, per quart, 35a40. New York cucumbers, per bushel, 2.00a3.00. Sugar corn, per dozen, 20a35. GRAIN AND PROVISION: BALTIMORE, Md., October 22 (Spe- clal) —Potatoes, white. 100 pounds 75a2.00; 150 pounds, 1.00a: 2 and yams, barrel, 1.00a2 75a1.00. Beans, bushel, lima beans, bushel, 1.50a2.25. per 100, 2.00a4.00. Brocoli, bus 15425, Cabbage, per 100, '4.00a8.00. Savoy, bushel, 50a60. Carrots, per 100, 4.0025.00. Caulifiower, crate, 150a 3.25. Celery, dozen, 26a76. Corn, doz- en, 12a30. Eggplants, basket, 50a60. Kale. bushel, 15a25. Lettuce, bush 75a1.25. Onions, 100 pounds, 2.00a2.25. Oyster plant 100, 6.00a8.00. Pep- pers, basket, 60. Pumpkine, per 100, 5.00a10.00. Spinach, bushel, 3fa 60. Tomatoes, basket, 35a50: packing | stock, bushel, 65a80. Turnips, bushel 40250, Apples, packed, bushel, 50al. loose, 2.50; bushel, 50a1.00: basket, 25a50, box apples, 150a250. Cranberries barrel, 4.00a6.00, Grapes, basket, 75a Grapefruit, 2.25a3.50. Orang 3.2524.25. Pears, bushel, 150a basket, 15a25 Quinces, bushel, 2.0024.5 barrel, 1.508 varrel, Selling Prices on Grain. Wheat —No. 2 red winter, spot 1.09%; No. 3 red winter, spot, 1063 . 2 red winter, garlicky, spot, 1.02 . 3 red winter, garlicky, spot, 1.0 No, 4 red winter, garlicky 02 Sales—None. Corn—Cab, old, 5.15 barre 2 corn, spot, no quotations; track corn, yellow, No. 2, old or better, 1.25. Sales—None. Oats—No. 2 white, new, 53%; No. 3 white, new, § 52%. Rye—Nearb as5 per bushel; No 2 rye, spot, 78 per bushel. Hay—Receipts, 68 tons. The hay market is firm for the better grades of timothy and light clover mixed. There is a fairly constant demand at { quotations: No. 1 tim- 0 per ton; No. 2, 26.00 23, .00; No. 1 light .00 No. ed, 0a23.00. drye, 15.00216.00; No. 1 oat, i v m 1 clover, No. 1 tani No. 1 wheat, 13.00214.00; 14.00a15.00. TODAY'S CHICAGO PRICES. CHICAGO, October 22.—Scattered selling of wheat made the market easy today during the early dealings. There was no demand to speak of. Unsettled conditions in Germany and talk of increased Russian exports re ceived considerable notice, but ap parently had little effect on prices. The opening, which ranged from iy decline to a litfle advance, with De ember 1.05% to 1.05% 'and May 1103 to 1.10% was followed by a slight upturn in some cases and then by a moderate general sag Fine weather is an advantage to bears in corn and oats, after opening at 1 to % lower. December, 75 to 75%, the corn market underwent a further drop. Oats started 3 to 1 higher; De- Later all months showed some loss. Provisions were weak in line with hog values. WHEAT. December High, 105% 110% 1075 Low. (lose. 1.05% {National Ci 00 ! 00a BANKERS TOPUSH 4 THRIFT CAMPAIGN D. C. Financiers Will Hear Ex» pert on Subject—Bank Call. Exchange Trading. A speclal meeting of the District of Columbia Bankers' Assoclation has been called for tomorrow afternoon at 4:30 o'clock, Howard Moran, sec- retary of the body, announced thig morning. ‘The purpose of the meeting, it wad said, is for the purpose of hearing John A. Goodell of New York ocity, national thrift committee secretary Mr. Goodeil will outline, in detall, plans for the promulgation of thrift during the period that has beer set aside for the campalgn, Januery 17 to 23, inclusive. An advisory board of local bankers to asslst will be named at the ‘meeting tomorrow. C. E. Fleming, secretary of tha local Y. M. C. A. branch, announces that a meeting for the organization of a District of Columbia thrift com- mittee will be held at the City Club at 3:30 p.m. tomorrow, to which dele- gates of the various civic and trade {bodies in the city have been invited. Reserve Bank Call Issuned. The Federal Reserve Bank of Rich- mond has called upon all member banks to pay into their regional members, not later than tomorrow, 1% per cent of the proceeds re- ning with them on deposit fron the September 15 sale of 4% per cent certificates. The call will constitute a national {draft of $20.672,300 leaving $145.80 {100 on_deposit’ in national” institug {tions. To date, including the cur 5 call, per_c:nt of the original loan of $249,750,500 has been called In. Match Bonds Offered Locally. An offering of $15000,000 of Tnier- tiona convertible sinking fund gold de ture bond: dated November 1 and maturing November 1, 1%4 being made today 94 and cured {intercst to yield over 7 cent The offering i pet made locally by th' Company, Guarants Company of New York and Dillon, Rei & Company. Personal Mentlon. | _John B. Larner, president { Washington Loan and Trust Coi has been elected a member of the ive committee of the trust company di- vision of the American Bankers' Asso- |ciation, for a_three. period, which {expires in 1326, Francis H {vice president of the Company of New York, heads lexecutive committee Avon M. Nevius and Ray { Marx. of Riggs Natlonal Bank 1 morrow on a Short business trip Baltimore and Philadeip whers Inspection of methods of records will be made. 1 Local Exchange Quiet. Today's scesion of the Washington {Stock Exchange was quiet and feature- less. Capital Traction stock sold to the extent of twenty-two shares at 100% and 1003 h Railway preferred un- changed at 70%. Washington Gas Light brought 49, while the ¢ per cent bonds of the company, due in 1933, sold at 10012 and 100%. to ARCTIC ISLE HELPS ' KEEP WORLD WARM {Coal Supply Under Heavy lce Crust Plentiful and of Good Quality. | Spitzbergen, where favorable weath- er during the pa mer permitted {the making of important surveys er before possible, has a unique terest because it is one of the few larctic or antarctic lands that are {being made to yield up minerals to {the temperate zones, according to a bulletin from the local headquar {ters of the National Geographic So- { ciety i “The northern tip of Alaska., to which & few government officials {push each summer, may seem ail too close to the north pole for the average dweller of the warmer re- gions of the earth to live In unless {he is pursuing scientific investiga- ! tion s the bulletin. “In Spitz- bergen, however, which is 600 miles {closer to the top of the world, sev- eral hundred ordinary men of Eu- rope and America are making their homes the year round while they % (strip coal from beneath the fce-cov- Octaver Jenuary - RIBS— October January DAIRY PRODUCTS. BALTIMORE, October —Live poultry: Spring chicken: 22, leghorns, 17a19: old hens, ieghorns, 17a18; old roosters, ducks, 17a25; pigeons guinea fowl, each, 40a65. Eggs, loss off, native and nearby firsts, dozen, 42; southern, 40. Butter, creamery, good to fancy, pound, 45a48%; prints, 49a51; nearby creamery, 38a42; ladles, 34ai5: rolls, 28a32; dairy prints, 28a32; procegs butter, 38a3); store packed, 27. CHICAGO LIVE STOCK MARKET. CHICAGO, October 22 (United States Department of Agricuiture).—Hogs— Receipts, 54,00 head; uneven, mostly 10 to 15 lower; bulk good, and choice, 240a325 pound butchers, 7.35a7.45; top, 7.50; 190 to 230 pound averag: 7.1527.30; bulk packing sows, 6.25a 6.50; _desirable weighty slaughter pigs, 5.5026.00. . Cattle—Recelpts, 30,000 head; slow; fed steers, yearlings and fat she stock | about steady; other, weak to 25 low- er; early top yearlings and handy fed steers, 11.50; bulk early sales, 9.00a 11.00; 11.85 bid on long fed welghty steers; three loads meaty kinds to feeder buyers, 7.65: plainer kinds, 5.7526.50; vealers, 25 to 50 lower: bulk fo packers, 10.50a11.00; stockers and feeders, about steady. Sheep—Receipts, 36,000 head; killing classes, steady to strong; feeding and breeding sheep, stead teeding lambs, slow, steady to weak, none #old; good to choice fat range lambs, 12.50; most natives, 11.75 to 12.00: culls, largely 9.00; good fat range ewes to killers, 5.50; good mixed feed- ing and breeding ewes, 6.00. BONDS TURNED IN. NEW YORK, October 22.—F. J Lisman, chairman of the bondholders® committee of the Des Moines and Keokuk railroad, which has insti- tuted foreclosure proceedings because of the non-payment of principal on October 1, {ndicated today that a majority of the bondholders had de- posited their bonds with his com- mittee, No official reports, however, have been made by the Farmers Loan and Trust Company, the depository. The time for making such deposits ex- pired Saturday. ered mountains. It Is excellent coai, 100, and there is every reason to be- {lieve that the mining operations will {grow steadily. Formerly “No-Man's Land.” i i | “The discovery e in the twen- {tieth century that Spitzbergen's coal { unde; large areas brought it back to the world's attention and made sovereignty over it well worth claim- ing after it had been abandoned for generations as a sort of no-ma land. Barents, a Dutchman, di red Spitzbergen in 1596, to the usual records; but the ans claim that their seamen visited_the islands at earlier dates Henry Hudson, searching for a north- {ern passage fo the orient in 1607 learned of the vast number of whalcs near the islands and as a result Spitzbergen's waters became for a time the world's greatest whale fish- ery. “The Dutch were foremost in this idevelopment. By the time of Amer- ica’s revolutionary war, whalers from the Netherlands had taken about $100,000,000 worth of whale product from the region. Catches become so great in the early years of the ploitation that the ships were em- barrassed to haul the blubber home Arctie “Summer Town.” “A thriving ‘summer town,’ Smeer- enberg, was established and_flo ished for a score of years. It w an anomolous community, & Dutc town In the frozen Arctic, with it shops, drinking .places and bakerles, in addition to the oil refineries, coop erage establishments and smithies of the whaling industry. When the whales in the immediate neighbor- hood of the islands were destroyed and the whalers had to go farther jafield for their catches, Smeerenberg {dwindled away.. About the only re- minder of this one-time thriving | Dutch community is the cemetery of & thousand or more graves in the cheerless, frozen earth. “In 1920 a treaty signed by most of the leading European nations an: the United States recognized the sov- ereignty of Norway over Spitzbergen The islands have an area roughly of 25.000 square miles, about that of West Virginia. Its lofty, needle-like peaks are mantled almost from bot tom to top in perpetual snow, and between are huge glaclers. One great ice-river, the Queen Maud Glacler, is fifty miles wide. “The ill-starred expedition of the Swedish explorer, Andree, who hoped to reach the north pole by balioon. took to the air from Spitzbergen in 1897. The fate of the members of the expedition was never learned. A few message-buoys dropped the day of the start were found near Spitz- bergen. No later word Was re- celved.” i