Evening Star Newspaper, October 23, 1923, Page 24

g - WHOLE STOGKLIST TURNS DOWN HIL General Selling Partially Due[ to Latest Moves in Ger- man Situation. BY STUART P. WEST. Bpectal Dispateh to The Star. NEW YORK, Octoher 23.—The stock market started In today with weak- .88 cropping out in one group after @nbther until pretty much the whole ilst was involved in the selling, adejines, while general, were very ir- regular:: In over half the list they were comparativély small. g Rall Issues Break Eirst. . Rallwy shares were ‘the' first to succumb, and the leaders of the de- cliné were the same as they have been | om every occasion lately when rails have beén going down. Northern Pa- cific was particularly vulnerable unti it got.around its low of 50, when it met With some support. The samé was true of Great North- ern pfefecred. Both roads are in o strong enoukh financial pesition to warrant drawing ugon surplus ac- count to make up deficits in current varnings. How long they would ke up such & policy is a question. Mu of the recent selling, however, wen inspired by the reasoning t ihey are not as safe for perman investment as other stocks of simil. yield and selling price; Coppers Join Slump. Copper shares always sell on development suggesting further tallment of the German necott broke through 32 for the first time gnd Anaconda, American Smelt- ing alld Inspiration were all down at or close to their low. points. Chile Copper stock was steadier tl the rest. The regular quarterly dividend of 621 cents a snaré was declared today. Heuvy selling of the Central Leath- er stocks down to mach the lowest yet reached both preceded and fol- wed the publication of the figures r the third quarter, which made an even worse showing than the street was prepared for. There was a defi- of $3,526,034 after taxes as against a deficit of $79,63 ond quarter and a surplus 7 in the first quarter, when the boot nd shoe industry was doing fts record At Lowest Levels of Year. New low records were ma Tnited States Rubber first preferred, vhich sold on a 10 pér cent basis, and Goodrich preferred again broke &8 tubber common was heavily sold be- 33. International Paper also ade u new low, breaking 30 for the tirst time. Numerous weak points were brought out in specialties which were the ob- Ject of pool actlvity early in the year, and in which presumably there was stale pool accounts to be liquidated. Among these were Packard Motors, which_got down under 10; Vivaudon and Owens Bottle. Famous Players was another specialty to break, American Agriculture Chemical offered down on large transactions. Sterling Exchange Drops, Another sharp fall In sterling ex- change, further weakness in the con- tinental currencies and a sagging of French government bonds in the mar- kets, both abroad and at home, were incidents of more importance in the | financial thing happening on change. That there was ady connection tween these movements and the cline of stocks was doubtful. sounded plausible to attribute selling in the stock market to the disorders in Germany and their re- action upon the exchanges. But, as a matter of fact, such occurrences have too frequently been ignored In the Wall street movement for it to be as- sumed that they were much of an in- fluence today. The further decline in_ continental rates and the heaviness' in French bonds were a plain indication that the international markets view the separatist movement in Germany as another blow at the already dwin- dling chances of collecting the war bills. Goodyear Financing Talk. Several months ago there was some talk of the retirement by Februar: 1924, of an additional amount of Goodyear prior preference stock. It situation today than any the stock ex be- de- It the was announced in January that over | 39,000,000 more of this stock out- standing would be retired, leaving 320,000,000. Then midway through the' year it was reported that' plans ré being made to reduce this ount to $16.000,000 by the end of 1923. Apparently, however, these “pins went a-glimmering with the unbatisfactory turn injthe rubber and ~4tige situation. . The question now is e Goodyear will consider it Sty e Dreferesics e ‘-vmi:”‘ ths. Barplin over 1933, are DOt 88 large as ex- Aftted Ohemical Weak. - Further liquidation occurred in Al- lied Chemical and Dye stock, which was Dot surprising In view of the prevailing feeling that as a $4 divi- dend payer this stock was selling out of Hne. Time and again reports were current that Allled Chemical would increase the dividend to $5 or 36, but with the declaration on each occasion of only the regular $4 rate, disappointed holders unloaded their stock. Little has been heard about the business of the company recently, except that the present dividend is being satisfactorily covered, with some. thing to spare. Closing Prices Firmer. At no time was there any general weakness. The speculative leaders went down & point or more as the weak spots were uncovered in spe- clal stocks. But in the afternoon prices hardened again on the strength shown by the chain store and de- partment stocks, the tobaccos and the shares of the edectric companies, The high-priced Woolworth _ and Kresge, General Electric and West- inghouse and Tobacco Product were the late afternoon features. lway shares continued sluggish through ~the late afternoon, with little disposition to rally. This was the more remarkable after the excel- lent September report of the Union Paclfic, eWowing a gain of $2,500,000 in Union Pacific's gross over August 1 end a net operating income exceed- ing that of August by $2.400,000. SOME STRONG RALLIES. Selling Movement Checked in Late Market Trading. By the Associated Press. NEW YORK, October 23.—Alternate periods of weakness and strength char- acterized today's quiet stock market with the general tendency toward lower levels, Speculators for the decline again succeeded In forcing sharp recessions | a number of the rubber and leather shares, while the general list was in- clined ‘to yleld in sympathy with the weakness ‘of the forelgn . exchanges. Sales approximated 550,000 shares. The closing was irregular. Revival of the demand for tobacco and mer- chandlsing issues in the late -dealings checked the selling movement in other qu;l;‘rters, and there were some strong zallies. LONDON AUCTION OPEN. LONDON, October 23.—The flfth serles of wool auctions opened today with offerings amounting to 12,426 vales. , The attendance was large and there wwas keen competifon for cross-breds. | which formed the bulk of the selec- ‘lon. Home, continental and Amer- ican buyers were actlve. Compa with the last auction, all grades ranged from unchanged to 5 per cex Sabber The ! na | l Adv Rumley, Ajax RubLer. | Alaska Gold ! Alaskh Juneau.. 1ALl Am Allted Allfed {Allll(‘hulmers. | Alits Chalm ot. ‘Am Agr Chem {Am Ag Chm pt.. Am Bank Note. . | Am Bosch. Am Can.. {AmCan pf. {Am Chain (A) | Am Ghicle Co. .. Am Cotton OIl Am Cot OIl pt. Am Drugglst. .. Am H & Lea pt. Am Internat’ Am La France Am Linseed . Am Locomotive Am Metals. .. Am Radjator. {Am Ship & Com. | Am Smeltine. Am Smelt pt Am Steel Fdy . | Am Sumar. . | Am Sugar pt. Am Tel & Tel Am Tobacen. .. | Am Tob pt (). Am Woolen Am Woolen pf.. Anaconda. .. | Arnold Constab. Aszso D Gonds Asso OIl (new). Assoctated Oll. . Atchlson. . 1 Atchison pf. | Atlantie G- | At! Gult pt | Atlas Powde | Auto Knitter. | Baldwin Loco Balto'& Ohlo. Ealto & Ohlo p! | Barnesdall (A). | Barnesdan (B { Bayuk Bros. | Beechnut Pack. Beth Steel...... | Booth Fish. Bklyn Edison. Bklyn Manhatt: :Brn(;kl)n Man pi. Browa shos . | Burns Bros (\). Burns Bros (8). Bush Term pf. .. Butie Copp | Butte & Super. i Butterick. | Calif Pack | Calit Petrot. | Callahan Zin. Calumet & H(n) Canadian Pac.. | Central Leath Cent Leath pf.. Cent RR of NJ.. Cerro de Pasco. Chandler Mot... { Chesap & Ohlo.. |Chi & Aiton..... {Chi & Alton pf.. | Chi & astIiL... | Ch1Grt West. IChiMn&stp... { Chi M1l &St P pt | Chi & Northwa. % g. | Chi Pneu Tool ChiR1& Pac... Chi R I&P§% Dt. | Chi R1&P 7% pt Chile Copper . | Chino Copper... | Cluett Peabody. Claett&Pby pf. . Coca-Cuis. ..... Colo & South. Colo & South 1st | Corumbia Gas. { Coiumbla Graph Congoleum Co. . | Cons Cigar. Cons Gas of Cons Textlle. ... ContCan....... Continental Mot | Corn Products. . Cosden & Co.... Crucible Steel. .. {Cuban-Am Sug. | Cuba Cane S pf. { Cuban Dom'can. Cuban Dom pf.. Cuyamel Fruit.. Davidson Chem. Deere Copf..... | el & Hudson. .. {D Lack & West. | Detroft idison | Devoe & R 1st pt Lome Mines iDuSS & Atlan. . !bupont it i), | Eastman Kodax | Baton Axle & Sp ! Elec Stor Bat. .. | Elkh'n Coal pt.. i endicott-John Endlcott-J pf... Erte. . . Erle 1st pf. Erio 2d pf. Famous Players Famous Play pf. Fd Mines&B pt.. Fifith Ave Bus.. Fisk Rubbsr. Fleisbman Gen Asphalt. Gon Baking. Gen Cigar. Gen Cigar pt Gen Clgar de uen Electric Gen Eléc spl Gen Motors........ Gen Mot 6% deb. Gimbel Bres. ... Gliaden Goodrich Goodrich pf. Goodyear pr pf, Granby Lo Gt Northern pi.. Great Nor Ore. | Gt West Supt Greene-Canan. . Gult Mo & Nor.. Gulf St Steel.... Hanna (M A) pf. Harbishaw Cab. dartman Corp. . Hartman rights. Hendee Mfg....' Homestake. ... Hougeh'd Prod.. | Houston O11. . | Hudson Mtors. | Hupp Motors. Hydraulic Sti. .. Ilinols Central. 111 Central pf... Indiahoma { Inland Steel p inspiration In Ag Chem pf.. int Cemend. in Combust E. .. Int & Grt North. Int Harvester. . ! Int M Marine pf. { Int Nickel. i intl Paper. . Intl Paper (sta). invincible OLL. .. Iron Products. Island Oil.... Jones Tes... Kansas & Gulf.. Kansas City S.. Kayseor (Julius) | Kelly-Spr Tire.. Kennecott...... Keystone Tire.. Kresge (5S) | Lig & Myers pf. S itodomo... Loft Inc. Loose-Wiles. Mclntyre Por... Mack Trucks. Macy Co pf. Maidinson & Manatl Sugar... Manhat Shirt. Manila El Corp. Market StR 2d.. Market St prior. Marland Ol1. Mathison Alkill. Maxwell (A)... Lee T & Rubber._ Open. High. 28% 81% . 108% 105% . 170% 10% 13% 80 aT% 7 18 655 0" 15 53 2835 104% 15 103 2% 91 % S4% 8% 15% 62 81 497 23% 16% % 103% 108 1% 101% 24% 5% 5 21 18 3% 26% 1% 30% 62% 8% 41% K] 28 % 17 8% 21% 82 2 250 12 114% 63% 6% 49% 18% 20 683 22% 4335 39% % 5% % 1% 96 63 107 39% 91 1% S1% 87 24% 92% 106% 22% 2% 6% 18y 6% 35 4 95 825, 108% 1063, 172% 10% 18% 80% 4% 18 9% 0% 15 53 28% 104% 15 Low. % 5% n i 96 62'% 107 39% 91 11% 81% 87 22% 91% 106% 22 12% 6 18% 644 38% 1234 150 108% 70% 100 84% 15% 10% 3% a1 kY 86 % 16% Close. | « N 1% | Magwell (B). .. 6% | May Dp Stores. % | Mex Seaboard. . U 96 63 107 39% ! Mo Kan & Tex.. 91 11% { Mo Pacific, . s13 87 243% | Montg'y Ward. 934 | Moon Motors. ... 106% | Mother Lod “THE ‘BVENING~ STAR; - WASHINGTON, D. - NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office l Open. High. Low. Close. B Ay Tt 1Y 83% 86% 83% B6M 9% 9% 9 9% 9 9 9 9 22% 22% 22% 23% 6% 6% bW b4 1 1% 1w 1% 11% W11% 11% 11y 28% 28% 28 28 9% 9 9% 9% 26 28 25% 254 59% 69 659% 684 28% 22% 28 20% 20% 20% 8% 8 b 89 89 47 46% | 9% 91% % " 39 39 41 - 40% 119 18y | 4% 56 84 Mex Seabd etis. | Miam1 Copper. . 1 Middle St Oll... | Minn & St L (n). | Mo K & Tex pf. Mo Pacific pf. ... Montana Power. 89 ~ 46% 9% % 38% 350, 118% 41 56 84 3415 99% 3 87% 39 11 15 102 20% 43% 60% 18 a1 10 Nat Rixquit, at Cloak & S pt at Conduit. Natl Dent Stores Natl Enamel. .. i Natl Leada. at R of Mx 1 at Supply pt.. N Or Tex-& Mex N Y Alr Brake. . N Y Central.... NYC&StL(n). NYC&StLpt(n). NY Dock pf.... NYNH&Hartrd. |NY O & Westrn. Norf & Western North Amer.... Nerth Am pf.. orth Pacific. | Orpheum Circunt Owens Bottle... Pacific Coast. . .. Pacific Develop. Pac Gas & Elec. Paclfic Mafl Pacific O1l o { Packard Motor. H Pan-Am Pete. i Pan-Am P (B) & O Pennsylvanta. . 2 Penn Seabd Stl. b K i People’s Gas. Pere Marquett Pere Marq p . Philadelphia Co Phila Co pf.. Philip Morris Philltps Pete. £ ] 1Merce-Ar pf. Plerce Oil Pitts& W Va pf.. Pre: d St Car. Pressed St C pt. Produc & Ret. | Pub Service. ... Pub Serv 8% bt Pullman Co. ... | Punta Alegre. 8 i PureOll.. Ray Con Copper Reading....... | Reading 1st pt. Reading 2d pf.. Remington. . Replogle Steel. . RapIr & Steel.. Rep Ir & Stl pf. Reynolds Spr Rey Tobac (B). Rey Tob pf B Royal Dutch. 8t Joseph Lead. StL&San Fr pt. St L Southwn St L South pt. 66% | Savuge Arms 30% Schulte Store: H Seaboard Alr L. i Sears Roebuck. Seneca Copper. Shattuck-Ariz. . Shell Unfon. ... Shell Unfon pt.. Stmms Petrol Simmons. .. Sinclalr Of Skelly Of1 i i So Porto Sumar. E ! So Porto R S pt. | South Pacifie. .. i Southern Rwy.. Southern Ry pf. St Ofl of Calif ! Stand Ol of N | St Oil of N J pt. i Stewart-Warne: | Strombg Carb. . Studebake: Submarine Bt... ! Supertor Oll.... Sweets Co of A i Tenn Covver. .. Texas Company Tex Gul?f Sulph. Texas & Pacific. Tex & P C&Ofl. Third Avenue:.. Tide Water OI1. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Pro pf. Trans Cont O1l.. Underw'd(new). Unlon Bag & P.. Union Pacific Un Cigar Stre United Drug. Un Drug 1st United Frult. Utd Ry Inv pf U S Cast I Pipe. USCastIr Ppf. U S Food Prod. . U S Indus Alco. U S Realty. U S Realty U S Rubber. USRublstpf.. US Smelt&Ref. 1S Steel. Utah Copper. Utah Securiti Vanadlum Corp. Va-C Chem pt.., Vivadou... Wabash........ Wabash pt (A). Waldorf (new). Web & Hellbrn. Western Md.... Western Md. 2d. West Pacific. West Pac pf. Western Unlon. West Alr Brke. . Vesthse EI&M. White Motor. .. White Ofl.. Willys-Overld. Willys-Overl pt. ‘Wisconsin Cent. Woolworth. ... 543 | 53 83% 8% 44 88 19 72 n7 444 19% 434 26% 6% 91 100 34 6% 89% | 113% | 214 | 7| 59% | 123% 171 77 46% | 172 32 37 79% | W 51% ) 1% 100% 8% 82 20% 87% 57% % 28% 224 4% 8 314 16 14 8% 15% 14 54 107% 9% 57% 48% e 6 20% 86% 56% 4% 28% 22% 12% 9 30% 16 14 87% 16% 14 64 107% T9% 56% 48% ko) 6% 68 67% 67TH 26 234 23 276 273w 274 High. Low. Lest. 4% 4% 4n HOURLY SALES OF STOCKS. 148 000 12m. 289 400 . 838 100 2p.m.....419 300 9% 31k 16 14% 8% 16 14 654 107% T9% 57% 48% % i 4 Call Money..... 100 100 116, 100 23-32 100 27-33 100 23-32 100 27-32 1001.16" 100 8-18 991816 9915-18 100832 109 Fa2 9116 99318 100319 100 .32 99 25-82 09 29.32 B. & 0. FREIGHT TRAFFIC. NEW YORK., October 23.—Fresh evidence is gathered daily to show the tremendous traffic now being han- {dled by the railroads of this country. The Baltimore and Ohlo reported a total of 46,207 freight cars loaded dur- ing the week ended October 13, agalnst 39,977 for the same period of last year. BUMPER P.LCAN CROP. ATLANTA, October 23 (Special).— The state department of agriculture announced today that this year's crop of paper-shell pecans would approxi- mate 5,000,000 pounds, most of which will be marketed through co-opera- tive associations at high prices. TODAY’S FLOUR PRICES. MINNEAPOLIS, October 23.—Flour uncghanged. Shipments, 51,853 barrels. Bran, 28.50229.00. Wheat, No. 1 nortl ern, 1.13%al.18%; December, 1.13%; May, 1.18%. Corn, No. 3-yellow, 92a94. ?-‘L!"IG:Z)AOS white, 37%228%. Flax, No. Mared 15, June 15, December 15, Merch 15, September 15, March 15, December '15, 925, 1925. i ie |4%2 1927, BONDS HOLD WELL AS STOCKS BREAK Government Issue Strong. Rails Also Up—French Issues Reactionary. BY GEORGE T. HUGHES. Spectal Dispateh to The Star. NEW YORK, October 23.—The bomi ‘market held surprisingly well today, considering the weakness In stocks. Some of the forelgn bonds, principally French issues, reacted, and there was heaviness here and there In the rail- way list, as well as in certain special- ties, but the high-grade and the good second-grade bonds were well taken whenever -sellers offered any conces- stons. - s All the United States government loans were firm to strong, with the greatest activity In the old liberty 4%s. This was a perfectly natural development resulting from the con- tinuing ease in the money market. It is possible that buying for the ac- count of the British treasury may be in progress. Firmness also was the ru in the high-grade rails and industrials, with only a few excep- tions, one of which seemed to be Reading gencral 45, Forelgn Loaxes Small. Interest attached to the action of the foreign bonds because of the in- creasing serlousness of the news from Germany and the weakness in franc exchange. Both French 8s and 7%s opened fractionally Jower, but again today the noteworthy feature was that the losses were 8o small. French cities 6s fluctuated over a wide range, the Clty of Lyons issue varying a point between sales, but the net re- sult was a loss of something over.a point. Belgium bonds resisted the selling very well. Otherwise the for- elgn list was dull and little changed except for some further reaction in Mexican issues Domestic Moves Uneven. Among speculative domestic is- sues Hudeon and Manhattan incomes and Third Avenuo adjustments con- tinued the movement in opposite di- rections, which was such a prominent foature of the market Monday. The Hudson and Manhattan lssue got above 59 and the Third Avenue bond below 42, Dealings in both were comparatively heavy. New York Rallways refunding s dropped back almost to the point where they were before the reorganization plan was announced. Thero were small recessions in United States Rubber 58 and 7%s, doubtless in sympathy with the de- cline in the common and the pre- ferred stocks. The 7%s made a new low for the year. The low point for the 58 up to today was 84. The 55 are secured by first mortgage on all the corporation’s proverty and are selling to yield more than 6 per cent. The 7 , which mature in 1920 and are non-callabie, are secured by deposit of first and refunding 68 fs- sued under the same mortgage as the 6s. The 7%s sell to yleld more than 6% per cent. Both these bonds are generally considered sound Invest- ments. Kelly-Springfield 8s. another rubber issue, were weak, but there was a sharp run-up in Pierce-Arrow 8s. Raflroad List Unsettled. In the railroad list all the Northern | Pacific obligations were heavy, while the St. Paul bonds moved irregularly. Seaboard Alr Line adjustments also went lower. Declsive movement in these bonds probably awaits publica- tion of the September earnings state- ment. DECEMBER COTTON AT 30-CENT LEVEL | Frost Reports Cause Sharp Ad- vances in Both Big Markets. Py the Asmociated Press. NEW YORK, Octoher 23.—The cot- ton market was higher during today's early trading., with December and later deliveries making new high rec- ords for the season on reports of frosts in the south, higher Liverpool cables and a private report pointing to a crop of 10,280,000 bales. opening was firm at an advance of 10 to 27 points, and active months sold 25 to 31 points net higher, with De- cember advancing to 30.00 and Jan- uary to 29.53. Nine October notices were reported, but had no apparent effect, as October sold up to 30.10 during the early trading. It was ru- moOred that private returns indicated 4,8inning of 6,420,000 bales to October New Orfeans Values Alse Up. ORLEANS, October 23.—Bet- ter cables than due and & private re- port of 6,420,000 bales ginfed to Octo- ber 18, pointing to a crop of but 10,- 280,000 bales, put the cotton market higher today. In the first half hour 9f the session: prices were advanced o 30 points, December being sent to 29.52. e A crop estimate of 9,816,000 bales attracted a great deal of attention and buylng increased. . The demand was also stimulated by the outlook for wet weather in western portions of the belt with another cold wave back of the rains. Noon Bids of Cotton. NEW YORK, October 23.—Cotton tutures, 11:45 a.m. bids, stead: tober, blank; December, 30.03; Janu- ary, 20.57; March, 29.66; May, 20.77 asked. NEW ORLEANS, October 23.—Cot- ton futures, noon bids, steady; Oc- tober, 29.83; December, 29.58; Janu- ary, 29.45; March, 29.42;" May, 29.31. —_—— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Belling checks gold value. today. T 48865 4.48 London, pound. Montreal, doll Parls, franc Brussels, Berlin, Rome, Zurleh, Warsaw, Copenhagen, Christiant Stockholm,” crown. By the Assoclated Press. P NEW YORK, October 23.—Forelgn exchange easy; quotations (in United States dollars): Great Britain, de- mand, 4.48%; cables, 4.48%; sixty-day bills ~on _banks, 4.46%. ' France, demand, .0580; cables, .0580%. Italy, demand, .0442%; cabies, .0443. Bei- glum, demand, .0486: cabies, .0496%. Germany, demand, .0000000010; cables, .0000000010. Holland, demand, .3873 cables, .3878, Norway, demand, .1534. Sweden, demand, .262} Denmark, demand, .1733. Switzerland, demand, .1780, Spain, demand, .1328, Greece, demand, .0i55. Poland, demand, .000001. " ‘Czechoslovakia, = demand, l0296. Jugoslavia, demand, .0123. ‘Austria, demand, 000014 Rumanla, demand, .0047%. Argentina, demand, 13220, Brazil, 'demand, 0933, Mon- treal, .98%. * LIVERPOOL COTTON. LIVERPOOL, October 23.—Cotton— Spot moderate business: prices steady. Good middling, 17.73; fully middling, 71.63; middling, 17.43; low middling, 17.03; good ordinary, 16.53; ordinary, 16.23. Sales, 5,000 bales, in- cluding 2,500 American. Receipts, 57,000 bales, Including 46,400 Ame; can. Futures closed firm; Octobe: 17.41; December, 16.95; January, 16.85 March, 18.63; May, 16.42; July, 18.10; September, 14.92. The | l NEW.YORK -» TUESBAY, -OCTOBER - 23, BONDS s s 1923 Received by Private Wire Direct to The Star Office. ~ (Sales are fn $1,000.) | UNITED STATES BONDS. . | (Fractions represent _thirty -'seconds. Example: 98-3 means 98 3-32.) 4 Sales. High. Low. Closa Lib3%s.. 99-29 99-26 9928 Lib 1st 43 97-24 97-19 97-22 : 97-21 97-17. 97-21 Lib3d 43 98-23 98-18 08-22 Lib 4th 4%, 97-25 87-20 97-25 US4%s1952. 122 99-6 99-4 99-6 FOREIGN. Sales. High. 14 101% 53 87 98% 97% 100% 1084 87% 78% T9% 934 99 99% 101% Tow. Close., 101% 101% £6% B6%. 98 . 98 96% 96% 100 100% 1074 107% 87% 8T% 78 18 79 19 9% 93% 99 99 99% 99% 101% 101% 99% 99% 99% 99% 104 104 163 103 103% 103% 95% 95% 5% 45% 88% 88% o1% A% 93 98 108% 108% 941 94% ot o1, | 96% 96% 95% 95% 90% 91 98 98 5% 3% 9ln 91 52% 82% 92% 93 9% 92 8% 79 8% 8% 9% 19% | 78 78 4 6 26% 20% 85% 86% 96% 96% 11 93%. 89% 71 5% 108 100% 9 96 843 .66% 112 110% 101 87% 101% 109 Argentine 7; Austria 7s Belgium 71 Belglum 6s. . Belglum 8u. ro Brazfl 7% Canads 5a 1926, Canada 5181929 Canada 581921, .. Canada 58 1952, Chile 85 1946. Chile 5 1926. Chile 85 1941. Chile 7s 1943. 5 Chinese Gov Ry 6s. 14 Copenhagen 5%s.. 2 Cuba 5% ctfs Czechoslovakia 8 ,aONER SR e~ a® 0 195 u Denmark 8s. . .3 Denmark 6s. 21 Dutch ET5%; Dutch East I 65" Dutch East I 65'62. 84 Framerican T%s.. 22 French Govt 8s. .. 115 French Govt 73s.. 62 Hatti 6s # d 4% Japaneseds....... Jergen UM 6s°47.. Lyons 6s Marsell] Mexlco & Mexico 4 . Montevideo 7s. Netherlands 6s. Norway 8s. Norway 68 1943 Orlent Dev deb Paris-Ly's-Med 6a. Prague 7%s... Queensland 7s. Queensland 6s Rio de Jan 8s 1947. Rio Gr Do Sul 8 Seine, Dept of, 7s. Serbs Crotes Slo | Sweden 6. Swiss Confed { Ud Kingm 614e°29. { U Kingm 51337, Ud Steam Copen 6s Uruguay 8 Zurich 8s. MISCELLANEOUS. Ajax Rubber8s... 2 89 . 8% Am Agr Chem 7%s 99% 99 Am Chainsf 65'33. 93% 93% Am SmIt&R 1st 5s. 91% 914 Am SmIt&R 6s. . 102% 102% Am Sugar Ref 0s. 100% 100 AmT& Tcv6s 116% 116% 97%, 9214 BEY% 9% 93% 91% 102% 100 116% 9% 92y £E6 98 95% e 94% ot 9T% 83% | g | 974 108% 9T% 91% 96y, 9564 116% 98% 875 | % 166% | 94 87 103 87 107% 4 103".’ 99 % 92 108 9TH | 98% 100 124% | 98K | 937 | 99% s | 83% 89% 104 99 89" 7 96% 97 | 9915 ! 105 103% 854 5% 97w 109% 104% 105K 4% o1y 89 99% 107% 89% 90 103 8 100% | :r,m | 8% 106k | 93 86% 96 96% 813 94% 100% 103% 9 92% 102% 108 95% 110% B4y 104 | 102, 8814 2 83% 64% 103 199% 107% o1 28! 95% 108% 93% FRUIT MARKET DULL. Vegetables Also in Poor Demand Today in New York. Spectal Dispatch to The Star. NEW YORK, October 23.—The enrlf AmT&Tcltrds.. Am Writ Paper 6s. Anaconda cv ab 7s. Anaconda 1st 6 Armour & Co 4% Asso Ofl 6s rets Barnsdall s f Bell Tel Pa 5s Beth Steel 5358 '52. Beth Steel rf 55 Beth Steel s £ s. Bklyn Fdisoén 7s D, Bklyn Ed gen ... Bush T Bldg 55 '60. Callf Pete 6158 w 1. { Central Leather 53 Cerro de Pasco 8s. . | Chile Copper 6s { Commonwth P 6s. Con Coal Md 1st 53. Cuban-Am Sug 8: Cuba Cane cv d Cuba Cane cv 75 ‘30 | Det Edison ref 6s.. | Donrner Steel 7s. | Du Pont de N 7% | Duquesne Light 65 Tst Cuba Sug 7%s. Empire G&F Tis.. ; Fisk Rubber 8s.... i | Gen Refractres 6s. | Goodrich 63s..... Goodyear 83 1931, Gocdyear 85 1941 Hershey 6s 1942 Illinols Bell 1st 53, Indiana Steel 58 Int Mer Marine 6 Int Paper 1st 63 B. KCP&Lt5sA'52 Kayser (J) 7s..... Kelly-Spring 8s. Lackawa 8 55 '50. Liggett & Myrs 7s. Liggett & Myrs Ss. Manatl Sug sf 7% Marland Of1 83 '31. Mer & Mg 8t 7s'4 Mexican Petrol 8 Midvale Steel bs. Montana Powe: . { New Hng Tel bs. .. N Y Edsn 1at 6143, N Y Tel 6341 3 N Y Tel Gs *49. NY Tel 4%s. N Am Edison 6s. Nor States Pow fe.. Nor States Pow 6s.. Northwst B Te. is. Pacific Gas & El 53 Pacific T & T 68 ‘62 Pan-Am Peto 7s... Phila Co 6%8 38 Phila Co ref 65 A. Plerce-Arrow 88 Public Service 5s. Punta Alegre 7s... Sinclair Oil 7s. ... Sinclair O11 6%s. .. Sin Crude Oll bs. 5:n Crude Ol1 53s. Sin Pipe Line & South Bell Tel bs. So Por Rico Sug 7 Steel & Tube 7s.... Sug Est Orlent 7s.. Tenn Elec Pow 6s.. Tlde Wat Ofl 6%s.. Toledo Edn 18t 7s.. Union B..3 &P 68 ‘Unit Drug cv 8s. US Rub 1st 1t bs U S Rubber 7%s... USSteelstbs.. Utah Pow & Lt & { Veptientes Sug 7s. véCar Chem 7s. Va-Car Ch T%s ‘Warner Sugar 7s.. West Union 6%s Westinghouse 7s.. ‘Wickwire Spen 7s. ‘Wilson & Co 1st 6s, Wilson&C cv 7%s. ‘Winchester A7 8. Youngstn S& T 6s. 24 RowRobinaanBanartwas 0 e © ronSaod morning trading In the wholesaje districts for fresh fruits and vege- tables was very limited today, while at the rallroad plers and yards the de- mand was seriously curtgiled because of the unfavorable wehther condi- tions. The market was exceedingly dull and quotations on this accout are nominal for most state offerings! Supplies " of White potato#s were moderate from Maine, but compara- tively light from all state sections. A carload of Michigan round whites in bulk met a limited demand at from §8 to €815 per 180 pounds, No. 1 stock. Upstate offerings sold from $3 to $8.25 and Maihe green moun- tains reaiized most, §3.50, RAILROADS, Sales. High. 13 64% 8% 79% 81% 96% Ann Arbor 4s. . Atchison gen 4s. .. Atchison adj 4s. ... Atlantic CLecl 4. . B&Orefba § B&O PLE&WYV ds. B&OSW div3s. Bklyn R T 7s '21. .. BkIR T 7821 ct st Canadian North 7s, Canad North 61 Canad Pac deb 4, Central Pacific 4 Ches & Ohlo cv 5 Ches & Ocv 414s Ches & O gn 438, Chi & Alton 35 Chi & Alton 3% Chi B&Q gn 45 '58. Chl B&Q 1st rf 5: Chl & E Tl gn 6s ChiGreat West 4s, Chi GrWest 4s (n). C M & Puget Sd 4s. ChiM &St Prf 4143 Chi M&St P cv Chl M&St P 4525, Chi M&S P cv 4148, 3 Chl M&St P ¢s'34. Chi & N W 6343, Chi Rys 6s. Ch1R1& Pac rt 4s Chi & W Ind cn 4s. CCC&StLrf6sA.. Cleve Term 5%s Cleve Term Gs. Cuba R R & Del & Hd 1st rf 4s. Del & Hudson 53%s D & Rio G imp bs.. Erle 1st con 4s Erle con ext 7s Erie gends. . Erle conv 4s A Erle conv 4s B. Erie conv 45 D Gr North gen 7s... Gr North gen 5%s. Hud & Man ref Gs. Hud & Man aj 58 11l Central 534s. 111 Cent ref 55 '55. . Int Rap Tran 5s... Int Rap Tr 58 stpd. Int Rap Tran 6 Int Rap Tran 7s. .. Int & G Nor aj 6s. Int & G Nor 1st 6s. Towa Cent rf 4s. Kansas City S 3s, Kansas City S bs.. Kan City Term 4s. Lake Shore 48 '31.. Louls & N-uni 4s Louls & Nash 5%s. Loufs & Nash 7s... Louls & N s 2003, Market St cn 5s. M1l El Ry & L 58 M StP & SSM 6%s. MK&T1stds:. MK&TprinbsA. MK&T4sB.. MK & Tadj 58 Mo Pactfic 6s Mo Pacific 55 'G5. ... Mo Pacificgn 4s... N O Tex & M in &s. NY Centgen3%s, N Y Centdeb 6s.. N Y Centdeb4s. .. NYCentribs. N Y Cent cn 45 '98 N Y CenLSecl 3%s. New Haven cd 63 ew Haven 75 fr. . 10 o PR & 0110 S e 0 22 €0 39 0 e 83 4% e RN Ak 500 ERRunNBuans mame e adjSsct.. Y State Ry 4%s. NY W & Bos 4%s. Norfslk & W cn 4s. 11 Norfolk & W cv 6s. Northern Pac 3s Northern Pac 4 9 0 ® - Northn Pacr16s.. ¢ Northern Pac 53 D. Ore & Callf 1st Bs. . O Short Licn 53°46. Ore Short Liref 4s. Pennsyl gen 58 Pennsyl gen 4% Pennsyl 6%s Pennsyl gold 7, Pennsyl con 4%s. . Peorio & E inc 4s.. Pere Marq 1st 5s. Pere Mrq 1st 43 5| 2%, 991 101% 928 100% 90t 107% 24 943 8% 574 8% 63% Reading gen 48 RIArk & L4ts Rio G West cl 48 St L IM&S R&G 4s. StLIM&S4s'29.. StL&SFplésA. StL&SFprin Sa. StL&SFincés StL&SFi%sD.. StL&S Fadj 6s StL&SFplésC.. StLSW lstds.... St LS W con 4s°32. San A & Arn P 4s.. Seab'd A L4scta.. Seab'd A Liref 4s. Seab'd A L adj 5s.. Seab'd A L con 6s.. Sou Pacific 43 1929. Sou Pacifig ref ¢s.. Sou Pacific clt 4s. . Soutlern Ry 1st Southern Ry gn Southern Ry 6% Third Ave ref 4= Third Ave adj5s... TolStL & W 4s... Tol StL& W 8%s. Union Pac 1st 4s Unlon Paccv 4s.... Unlon Pac 1st rf 5a Virginia Ry 1st 58 Va Ry & P 1st 5s. ‘Wabash 1st 53 Western Md 4s Western Paclfic ba. West Shore 18t 4n Wheel & L E cn 4s. 59% 59% Wisconsin Cent 4s. 6% T6% TOTAL SALES (Par Valuel ila.m.. 3149000 1Z2noon 4471000 1pm.. 5333000 2p.m.. 6517000 ¥3% €6 £0% 663 92% 101 52 41 2% 6% 92% 95% 99% 93% 86% %% 42% 2% 96% 2% 95% 99% 94u 86% 954 £8% 9% 9% 93y 95% 58i% 19% 79% EISTS e .. 79% 9% 6% $10,000,000 BOND ISSUE. PHILADELPHIA, October 23.—The Philadelphia Electric Company di- rectors today authorized the sale of $10,000,000 of 5% per cent thirty year series first lien and refunding | bonds to provide additional facilities for expanding business. The balance of the capital required will be secured through a stack allotment. BOURSE PRICES UNSETTLED. PARIS, October 23.—Prices wer unsettled on the bourse today. Three per cent rentes, 55 francs § centimes. Exchange on London, 77 francs centimes. Five per cent loan, 73 francs 70 centimes. The dollar was quoted at 17 francs 46% centimes. TODAY’S METAL PRICES. NEW YORK, October 23—Copper quiet; electrolytic, spot and futures, 12%al12%. Tin firmer; spot and near. by, 41.37; futures, 40.87. Iron steady prices unchanged. Lead steady; spot, 6.85. Zinc quiet; East St. Louis spot and nearby, 6.30. Antimony, spot, 7.55a7.60. TODAY’S SILVER RATES. LONDON, October, 23.—Bar . silver, 3113-16d per ounce.” Money, 2% per cent. Discount rate: Short bills, 215-16a3 per cent; three-month bills, 3143 3-16 per cent. = ° NEW YORK, October 23.—Bar sil- ver, 63%; Mexican dollars, 48%. AR s W YORK EGG PRICES. NEW YORK, October 23—Eggs, firmer; receipts, 15,277 cases; fresh gathered extra gllr-u. 42a47; do., firsts, 36a41y do. seconds and poorer, 28a35" state, nearby and nearby western hennery whits firsts to extras, 62a ; nearby hennery browns, extras, 53a56; Pacific coast whites, firsts to extra Qrsts, 62a70, 5% ™+ tention to shortag 58% | J1 59% | J *FINANCIAL. é;;in, Produce and | " Live Stock LOCAL WHOLESALE MARKET. An increased demand for what dealers term coarse beef, forequar- ters, has resulted in an increase in prices. So-called coarse beef always sells cheaper than cholce cuts from t hind quarters, but when the demand for'the cheap meat becomes unusual- 1y active and the supply lessens, it 18 reported, a change In prices is in- evitable. Cooler weather hag Increased the demand for meats. ed this morning as the Jamb market was steady. Eggs—Strictly fresh, selected,can- dled, per dozen, #4ai5; average receipts, 40a42; storage, 35a36. poultry—Roosters, per 1b..18; s, per 1b., 35a38; spring chickens, : young, each, 50a60; Dressed poultfy — Fresh - killed spring chickens, per b, 32a35; roast- ers, per 1b., 30a35; hens, per 1 30a32: per 1b., 40a5f keats, ia85; roosters, per ib., 21a22. ock—Calves, choice, per Ib., 117 thin, per ‘1b., , per db., 13. Live i live Hogs, per Ib., een fruits—Apple ket, 50a2.50. California ora crate, 6.00a7.00; Florida, | Lemons, per box, 4.00ab. 4.5 caches, half-bushel basket, 7oa pes. Concord, twenty-pound , 76a1.00; two-quart basket, 2233 26; Colorado Lope; : honey dew new, per bas- melons, round, i potato per T crate, 1.50a2.50; near. abbage, northern, 2.00a2 {per 100 1bs.; nearby, 1.00a1.50 per bbl. {Eggplant; per crate, 1.00a1.30. Toma- toes, half-bushel basket, n. 5. Beans, 5.00a7.00 per York celery, per crate, { in_rough, 2.50a4.00. a3.50. Peppers, per 0a1.00. ~ Kale, per. bbl ach, per barrel, 1. grown_lima beans, D New York cucumbers, 0023.00. Sugar corn, nearby Spin by per 5 dozen, per 5 100 nds, 1.00a3.25 rel, per 1 50a60. . 100 pounds. T 100, 6.0 Oyster plants, p 260. Pump- {38.00. " Peppers, basket, {kins, per ) _5.00a10 00. { bushel. 35a50. Tomatoes, basket. 3 130; packing stock, bushel, 60a | nips, bushel, 30a40. | Apples, packed, barrel, bushel, 50a1.25; loose, barrel, basket, Cranberrie pes. basket, 0a3.25. Orang rs. bushel, 1 Quinces, bus iter, spot, pot, 1063 pot, 1.09 : re red winter, red winter, corn, spot, no quotations; tra vellow, 2, old or better, 1.2 Sales white, new, vhite, new, 51%. 75a85 per bushel; No. per bushel . 73 tons. The mar- ket for good hay—timothy and clover mixed and No. 1 clover is firm and i there is only a moderate quant {such stock in the daily receipts. {mand is more or less constant for {Bood hay. Quotations: No. 1 tim- { othy. 0 per ton , 26.00a 126.30; No. 3, 23.00a ! clover, mixed, spot, 75 Recelp! 1 tangled rye, 15.00a | 16.00; No. 1 wheat, 13.00a14.00; No. 1 oat, 14.00a15.00. A reduction of 25 cents per barrel in western grades of flour, on atents, Spring patents, i stralghts and hard winter patents { was announced this morning, TODAY CHICAGO PRICES. CHICAGO, October 23.—Wheat to. | & decided upward swing in price to day soon after the opening. Active investment buying wes given as a reason. The buying was said to based, more or less, on renewed at { the Rockies and to something of an ! advance in Liverpool quotations. The opening, which varied from ! changed figures to % higher, with Decémber 1.05 1.05% and Ma; 110% to 1.10 cas followed by slight sag and then w rise:of | than. one gent & bushel above 'yester- day's finish- though bearishly affected at first fine weather. . After opéning un- | ehangea to one céht lower, Decomber 1743 to 74%, the corn market scored | slight gains, except October and No- vember deliveries, which continued weak. Oats started at a shade off to a | shade up, December 41%, sagged a little, and later showed_general gains. Provisions were easy, in line with 1 hog values. | WHEAT— Open. High 1,083 111% 108 ! Close. May . July . LARD- October { Japnary RIBS— October January, *Nomin: CHICAGO LIVE STOCK MARKET. CHICAGO, October 23 |States Department of Agriculture). Hogs—Recelpts, 32,000 head; mostly bulk good and butchered, 7.40a 7.60; majority desirable 180 pound _averages, 7.15a7.35; {packing sows, 6.3586.60; better grades | veighty slaughter pigs, 5.60a6, { " Cattle—Receipts, 13,000 head; gen- erally slow; steers fed yearlings and she stock generally steady; early top rearlings, 11.50; plainer kinds, 10.00 10.65; best matured steers early 11.00; bulk early sales western, 6.00a 6.35; bulls steady to strong: vealers, 25 fo 50 lower, 10.00810.50; stockers and feeders steady to weak; bulk, 5.25 to 6.50. Sheep—Receipts, 18,000 head; fairly active; killing lambs strong to 25 higher; sheep steady: feeding lambs weak to 25 lower; g0od and fat west- orn lambs, 12.50; natives, 12.25 to 12,40; culls, 9.0028.50; good fat range owes, 5.50; good to cholce feeding {ambs, 1225a12.50; light westerns around 35 and 40 pounds, 11.40a11.60. DAIRY PRODUCTS. BALTIMORE, October 23 (Special). —Live poultry — Spring chickens, pound, 20a22; leghorns, 17a1S; old hens, 17a25; leghorns: 18al9; old roosters, 14a15; ducks, pound, 17a24; pigeons, pair, 20a25; guinea fowl, each, 40a6b, |, Eggs (loss off)—Native and nearby firsts, dozen, 42; southern, 40. Butter—Creamery, good to fancy, pound, 4584934; prints, 49a51; nearby creameory, 38a42; ladles, 34a35; rolls, 28a32; dairy prints, 28a32; process butter, 38a39; store packed, 27. — MOTOR CAR OUTPUT. NEW .YORK, October 23.—Septem- ber motor car production was 298,910, as_against 314,372 in August and 187,693 in September, 1922, according to the United States Department of Commerce. Truck production was 28,455, against 30,619 in August and 18,3230 !n}eptcmber. 19022, Veal was report- | being high, while | young, 1 | . [on the rep: 1, | the United S . | mission imm pinach, pin: 1 | %6, o of wheat east of more | (United | DISCOUNT RATES - . TOREMAIN SAME {Richmond Reserve Bank Not Asking Increase—Trading on Local Exchange. The Fe 1 Reserve Bank of Ric mond has not proposed a change | ount rates and none will be mad: ccording to 'Gov. Geor dent of the institutic fal sets at rest rumors t federal reserve board was consi ing such a reauest from the I mond institution. The trend of reserve ratlos in the {last few weeks i3 sufficient to refu any question of a higher rediscount rate. In the four wecks ended O tober 17, Richmond's from 50.1 per cent to During the same period total ero reduced more than $4,600.600. With contraction of loans ber banks on the |mond Reserve F ipear to be mor i th i at th nk Allled Debt Plan N. Sh i tion, ! iant iite House took exception leged action of the associz Mr. Shepherd points out tha ation go s recommen the matter of inter One was that an officiu given our representativ. tions commission, in or t he might expre opinlo vote, and the other was t ding Com- er into nego- dlicd debts. tanding er th i tions with ce in co - repara neluded in {ness, in”order th may be in position recommendation to may consider des the United St Benefit Soclety Purchase The National Ben Life I | Company “of “this city h the to ma ngrese and to t paying § of the s to be given of the Maryl { Wednesday night ne street branch of the they be introdu to the ced twen N Rutherford, who { has been secr | that time. It nd this The comp: ings and for and producing Officers of the National Benefit Life R._H. Rutherford it . A. Warfield, vice Rutherford, secretary-manager, a llowing dire . Burke, o | 6oy reet nor Local Stock Trading. te ‘issues, which mo trading on the local € {h nly &t unchanged pri {genthaler n_small lo; {did Ra {Light . Five shares rust soid on the unlisted raction 2, while fund GASOLINE PRICES RAISED IN DETROIT ! Central 0il Company Reports 12- Cent Level Means Loss Which Will Be Stopped. rn _and oats rallied with wheat, | By the Associated Press, DETROIT, October 23.—Gasoline prices that dropped 2 cents to 12.8 cents a gallon last week have re- bounded to 18.8, it was learned today when the Central Oil Company an- nounced a 4-cent increase effective tmmeaiatels J. L. Francls, president of the cor: pan sold at a loss “and it has been {cided to get.back on a firm basis t! {will enable us to do' business.” Other companies refused to sa: planned immediate gasoline creases, althoug Edward F ‘S(‘hh-s‘. head of the Wayco Oil C poration, asserted that he expec: the price back to 16.8 ce: “ang sta; DRY GOODS QUIET. there.” Cotton Cloth Demand Fair, Witk Prices Lower. Special Dispatch to The Star. NEW YORK, October 23.—Irregu larity prevailed In the cotton goods markets - today, with print cloth jsheetings and” convertibles in erate demand. Mills § offered slight conc: lots, but declined below fers for future delivery. The 64 by 60 prints again were quoted at 10 cents and the 68 by 72 at 11%. Trading in the raw silk market was light, despite additional reductions of to 10 cents a pound which wer: announced on the Japanese sort Buyers still appear to think the prices are too much ahead of Yokohama's RECEIVER IS NAMED. ‘Woman Stockholders Act Against Sonora Phonograph Co. NEW_YORK, October 23.—Federal Judge Garvin has appolnted former Representative John B. Johnson re- celver for the Senora Phonograph Company, Inc. of Oyster Bay, on application of Mrs. Susan V. Ketcham of Philadelphia and M Floren Rumbough of Hot Springs, N. C, stockholders in the cornoration. The receiver wus asked “in order to conserve the assets of the corpora- tlon and to reorganize its finances,” according to the petition of the two women. It was stated the concern is solvent, but that recent business depression resulted in cancellation ordorn. tion has $7,000,000 stoci: th D uotation of- COPPER QUOTED HIGHER. NEW YORK, October 23 (Special). Despite the ~weakness in copp shares apd the talk of further di cline in German purchases, spot cop~ per metal was quoted in London te- day at £60 55, up 2s 6d. 2