Evening Star Newspaper, October 25, 1923, Page 30

Rafil, Copoer, Rubber‘ and To- hacco Shares, Take Oth- % ers. Downward. BY STUART P, WE 8pacial Dispatch to The Star. NEW YORK, October the stock market today ‘numerous weak spots were again uncovered and had 2 Qepressing or retarding effect upon the' general Hst. P Shares of Tailroads which bave not been makifig a good showing even with the record-breaking freight trafiic of the!last few months, huve been slow to break away from the movement' in thie;vest ¢f the’rails and have théir suifable downward ad- justment. But they began o' display special weakness Wednesday and broke badly-in the trading today. St., Paul’ Stocks, Break. St Paul stocks were extremely weak’ and théy were not helped b the statement attributed to the presi- dent of the road that September earn- ings had been the best of any month in two years and that there was every reason to expect that the vear would end with fixed charges fully covered. Private estimates d upon trafic Teports and adjusted to seasonal va- Tiations have not figured St. Paul as earning more than 90 per cent of its interest requirements. Along with this there is the ominous record of years of deficits even if partially offset by federal comp ituation has b v low selling prices of the Paul bonds. The 4 per cents matur- ing in less than two years were quot- ed at 69 today, which is an enormous discount to contemplate. It does not necessarily mean a fear of default, but it does retlect the opinion that when it comes to refinancing a great sacrifice will have to be made in the Bhape of higher interest rates Missouri Pacific Also Weak. The story of Missouri Pacific weakness is likewise told in the bl market. souri Pacific bonds been sagging for some time sourl Pacific stocks, like the Pauls, have been slow to show effect, but within the last two d; they have succumbed. Missouri F cific _is another case wh charges are not being earr Rock Island stocks were also espe clally weak today. fact that only about 1 being earned on the 7 ferred. Explanation for the recent strength in Tobacco Products A came out in the report that the American Tobac- co Compa would over the manufacturing properties of Tobacco Products, paying around $12,000,000 and guaranteeing an_additional $2.- 500,000 annual The $12,000,000 would retire both the 7 per cent notes and the 7 per cent preferred sto This_will leave nothing A shares which will them the entire earnin TUnited Oigar plus the American_Tohacco Tobaceo Products s 1y discounted the *good they sold off quite sharply. Weak Points Emphasized. The financial community in its pres- ent mood emphasizes all that is un- favorable. Consequentiy it made the most of the disappointing conditions 25.—In Mi: St the per cent is per cent pre- power ot 2,500,000 the copper trade and of the drop | in raw sugar from its recent high of 6 cents a pound to 51 cents. It took no heed of Judge fore the American Iron and Steel In- stitute, in which he expressed confl- dence in the future, or of the stat ment by the yice president of the Bethlehem Steel that there was “noticeable improvement in new busi- ness At time. wheh “unusually large yields are offercd on st with a fairly well assured carning power back of them it is not to un- derstand why there should he little demand for shares of railroads which have not beeh carning their fixed charges - In the c: a @-of. the copfer sharos and the rubber and tire sh Teaso! were like character. Few of fcan copper producer an much money with the -méetal’ going Zging at 1213 cents a pound. Ex ctly how hard the various rubbe companies have been hit by the seve price cutting. and the break in crude rubber it is difficult to determine. The. eXact = £2ets Wil not ‘b lenown until it comes to making up inven- tory accotntd at.the vear cnd Fiscal Report Anticipnted: Sugar make tiscal year end- howing net profits after eeiution, T and qual to $10 . $50.par value. - Thi m- pared with only 11 cemts a 'share in the previous fiscal year. Recently Punta Alegre directors put the stock. on a $5 annual dividend basis, Which had.been fully discounted by the seil- ing price of the stock. Doubt that the Goodyear Tire and Rubber Company would find It expe- dient to retire more of t prior pref- r at this time has been dispelled by dec on of the.directors to retire an additional $5,000.000. This leaves $15,000,000 outstanding. Market Quiets Down. y statistics on cfude oil out- no sign that uraging production. The daily average was considefably above that of the prévious week and well up to the high record in the latter part of August. Curtailment in the older fields was'so far. offsct by ex- panston, in_newer territory that the ©oil shares were mbt much: affected. The stock market quieted aown in the late-aftepnoon and developed more firmness, although the-list at no time had been “weak, save in spots, fixed | aking note of the | iary’s speech be- | low, prices | Received by Private Wire Direct to. The Star,Ofice Ajax Rubler.... ‘Alaska Juneau.. AllAm Cable. Allfed Cliem. Allled Chem p: Allis Chalmers.. Am Agr Chem m Ag Chim pt.. Am'Beet Sugar. Am Bosch. .., .. Am Brake Shol AmCan... Am Car & Fdy Am Chaln (A).. Am Chicle Co. .. Am Cotton Ol Am Cot Ofl pf... Am Druggist. Am Express. AmH & Le: Am Tceo. Am Tce p! Am Internat’). Am La France Am Linseed. Am Linseed pf Am Locomotiv Am Metals. | Am Safe Razor. Am Ship & Com. | Am Smelting Am Smelt pt Am Steel Fdy. Am Sugar. {Am Sugarpf. ... jAm Sumntr {Am T & Cable. .. Am Tel & Teleg. | Am Tovaceo. . | Am Tobac (B). | Am Tob pf (n) Am Water Wks. Am W W 6% pf. Am Writ Prpt Am Woolen. Am Woolen p! { Am Zinc & Lead {Am Zinc&Ld pt. anaconda. . Armour & Co pf. { Arnold Constan. | Associated O11.. { atchimon. Atchison pt | Atlan Cst Line | Atlantie Fruft Atlantic Ret. { Austin Nichols. ! Auto Knitter. | Auto Sales. { Baldwin Loco. Balto & Ohlo... { Balto & Ohio pt | Rayuk Bros. Bayuk Bros 1st.. | Beechnut Pack Beth Steel Beth St179% (n). 5% 'S | Booth Fish Br Em St1 2d pt. n Fdison Bkiyn Rap T p. | Brown Shoe. ! Burns Bros (B). Butte Copper. Butterick. | Calit Petrol.... | Calumet & H(a) Canndinn Pac. {Case (J D) pf Case Threshing. entral LLeath Cent Leath pf Cerro de Pasco. Chandler Mot. .. Chesap & Ohlo. Ches&Optwl. Cht & Alton. Chi & Alton pt Chi & East Ill. Chi & E Il pt. Chi Great W pt. jChidnaste. . {Chi M1l &St P pt Chi & Northwa. ChHiRI& Pac. .. | Chi R 1&P8% pf. | Chi R I&P 7% pt Chi StP M & O Chile Copper. . Chino Copper .. Cluett Peabody. Coca-Coia ! Coco-Cola pt... { Colo Fuel. . | Coiumbia Ga: i ©olumbla Grapd Columbn Carbos Com Solv (B)... Comp Tabulat Conley Tin Foll Congoleum Co [t ou-tsas of NY Cons Textil ContCan....... | Continental Mot Corn Products. | Cosden & Co. ... | Crucible Steel. {Cuban-Am Sug | Cuba Cane Sug. ! Cuba Cane S pf Cuban Dom'can. : CubanDom pt | Cuyamel Fru " | Davidson Chem. {Deere Copf..... el & Hudson. . | D Lack & West. Detroit Edison f Dome Mines. Dupont (E1) ’E tman Kodax | Eaton Axle & Sp | Elec Stor Bat. Endicott-John Erie. . Erie 15t pf.... B 2d ptf Famous Plavera Famous Play pf. Fed Mines & S. Fidelity F Ins. Fifith Ave Bus. . Fisher B of O pt Fisk Rubber... Fleishmen. Foundstion Co. Freeport Texas. Gen Am TE pt. . Gen Asphalt.... I Gen Cigar. | Gen Electric. | Gen Elec spl. Gen Motors Gen Motors pt. Gen Mot 6% deb. Goldwin Corp. Goodrich. . Goodyear pt. 13 52 29% 14% 5% 3% 8% 3% 23% 80% 49 23% 16 % 103% 107% 884 Granby Consol. . MARKET CLOSES HEAVY. GirioLbenpt: Some Covering, But Selling Pre- dominates at End. By the Associated Press. ¥ NEW YORK, October 25.—Heav €elling of the coppers, low-priced rails and certain specialties. earried” more than two score issues to new low Jevels for the year in today's stock market. The customary leaders held relatively steady. Sales dpproxXimat- €d 600,000 shares. B 1EneY The ' closing “wis heavy. Some &poradic short covering took place in Hartman Corp. Hartman rights. Hayes Wheel Houseb'd Prod. on Ofl. Hudson Motors Hupp Motors. ‘HyarauioSti..: Illinots Central. 11 Central pf. inland Steel. Open. High. o% 1'% 95 62% 107 39 1% 80% 33 24% 1 93% Low. 54 95 62% Close. b4 95 628 107 107 29 1% 30% 38 24% 0% 92 155% 21% 12 57 18 6 90 831y 824 80 1% 1% 14% 20 65% 45 6 1% B1% 96% 34% 52!3 9614 18% 45 4 128% 152% 14705 39 1% 30% 88 26% 7 923 155% 21% 12 89% 3% % 1t 23 2% Zaln 43 17% Aty 25% 16% 67 69% ETEN 25 33 ] 4 25 69% 10% 143% 614 6% ATh 5% 124 25% 59 284 10% 42% 4% 30 59% a8 60% 105% 110% 4 10815 851 126 105 20% 8% 60% 13 21% 16% | 66% 264 82 178 10% 135 T9% 80 1% | 18% 36% 128 51% 28% 14% 5% 3% 3% 3% 3% 30% 48% 28% 16% % 104 107% 28% Mack Truck %d. Mackay Cos pf.. Migros G wgma Copper. { Man Ei inv eoar Mallinaon & Co. Manila Bl Carp. Maracalbo Ofl. .. Market Stp?. ... Market 6t prior., Market St R 2d. Marland Oll..,.. Martin-Parry.. Maxwell (A), Maxwell (B) May Dp Stores. . Mex Seaboard. . Mox Seabd atta. Miami Copper Middle St Of Midvale Steel. .. Minn & St L (n)+ Mo Kan & Tex.. Mo K & Tex pf.. Mo Pacific. . Mo Pacifio pt. Montana Power. Montg'y Ward. . Moon Moto Mother Lod Nat Conduit. ... Natl Dept Stores Natl Enamel. Natl Enamel p?. Natl Leaa. Natl Ry of M 24. Nat Supply pt.. Nevada Copper. NOr Tex & Mex. N Y Air Brake.. N Y Central. N Y C&StL (n). NYC&StL pt(n). NYNH&Hartfd. Nort & Western North Amer, Nerth Am pf. North Pacific. .. Ohlo By & Blw. Ohio Fuel Sup. . Orpheum Circuif Otis Elevator Otis Steel. Owens Bottla. .. Pacific Develop. Pac Gas & Elec. Pacific Mall. Paclfic O11 e Packard Motor. Pan-Am Pet Pan-Am P (B).. Penn Seabd Stl. | Pennaylvania Penple's Gas. Pere Marquette | Pera Marq pt... Pere Mrq prpt. ., { Philadelphia Co hilip Morrh | Phillips Pe | Pierce O1. | Pltts Coal. Pitts Coal pf. . | Pittsbgh U Pitts F & WV, Pitts& W Va pe.., | Postuth Cereai.. Pres Pressed St C pf. Produc & Ret, | Pub Service. ub Serv 8% pf | Pullmaan Co. Punta Alegr PureOfl... = Pure Oll 8¢ pf.. Ray Con Copper Reading. Reading 1st pf. . Reading 24 pt. Remington. ... Replogte Steet. . Rep Ir & Steel.. Reynolds Spr. Rey Tobac (B Royal Dutch. 3t Joseph Lead. StL & San Fran St L&San Fr pt. St L Southwn. St L South pt. Savuge Arm: Schulte Stores Seabd A L pt. Sears Roebuck. <eneca Copper. | Shell Tr & Tran. | skell Union. Simmons. .. Stmms Petrol { Sinclair on. Skelly Ofl. Floss-Sheffla So Porto Sug: South Pacifie. .. outhern Rwy. . “nicer Mfe Co. | Stand Milling. | St 011 of Calit. Stand O1i of N J 'StOll of NJ pf.. | Sterling Proa | Stewart-Warnes | Strombe Caro. Studebaker. |'Submarine Bt. Superior Ofi.... |SweetaCoot A.. Tenn Covper. Texas Company Tex Gulf Sulph. Texas & Pacific. {Tex&PC&O1l. ! Third Avenue. .. | Tide Water OIi. Timken Bearing Tobacco Prod. . Tobacco Prod A Tobacco Pro pf. Trana Cont Of1. Underw'd(new). Union Pactific. . Union Pac pf. Un Alloy Steel. . United Ry Inv. . Utd Ry Inv pf. USCi U SCastIr Pp?f. U S Food Prod.. C SIndus Alco. . US Realty U S Rubber. USRub Istp US Smelt&Ref. US Smelt & R pf U S Steel CUtah Copper.... Utah Securities. Vanadium Corp. Va-Car Chem... Vivadou. Wabash... Wabash pt (A). West Penn Co ‘West Penn pf... Western Md.... Western Md. 2d. West Pacific..... Western Unlon. West Ailr Brke.. Westhse EI&M. Wheellng&L E. Open. High. 16% a1 85 651 62 28 381 29% 24 8! A 63 17% 22% 27 41% 12% 85 9% 9 17 56 811 627% 96% 10 2% 8% 40% 57 17 6% 8% 100 34% 658% 89% 1144 1% 88 129% 1% 80 9% 8t 891 823% A% [+ 40 16% 13% 106 9% 66% 6% 16% % 88 65% 62 28 81 29% 18 Fi 64 1% 2274 27 42% 12% 85 2% 9 6% 4% 27% % 14% 9 1 80% 461 89 8% 16% 13 106 9% 56% 6 13% 24% 159 40 | i i | Tendered on Contracts. | {Paul's nearest maturity, sold at one | the | trifling price change tic utilitles and BONDS IRREGULAR INTRADING TODAY Erratic Moves in Leading Is- sues Characterize. Un- settled Market. BY GEORGE T. HUGHES, Special Dispatch to The Star, NEW YORK, October 25.—The bond market again today was highly. ir- regular, even erratic, with weakness in some Issues and strength in others, with and without assignable reason. Trading both on the board and “over the counter” was active. High-grade investment securities were strong. L was notably the case with United States government loans, Both the second 4%s and the fourth 4%s liberty.issues sold at 98. The tax exempt 3%s sold at par. Activity was principally in evidence in the lower priced issues. High-Grade Ralls Strong. There was sustained strength also in the very high-grade railroad bonds such s Atchison general 4s, Norfolk and_Western 4s, Central Pacific first 4s, New York Central 3%s and Ore- gon-Washington Railway and Nav gation 4s. Trading in these and simi- lar issues was brisk ‘“over the counter” and close markets were quoted on the principal issues. A plausible explanation of the strength in the high-grade issues is the pros- pect of easy money for some time to come. It was also reported today that buying orders fromm Burope had agaii appeared in the market. Other Issues Weak. The other side of the market was the extreme weakness in the St. Paul and Missouri Pacific bonds, especially the former. Several of the junior St. Paul bonds made new low records in addition to those reached yesterday. The short term 4s of 1925, the St. time below 70. The convertible 43 of 1932 sold below' 53 and the r. funding 4%:3 of 2014 sold below 48. ‘The general mortgage 3 4s and 418, secured by first lien most of stems, were not much affected. In the case of the Missouri Paclfic the general 4s of 1975 selling below 49} made a new low record for all time | and the refunding D 6s 6f 1949 drop- | ping below 87 did the same. In both these cases weakn bonds preceded that in the stock. The Northern Pacific bonds are all en- titied to a high investment rating, but they have been more or less heav ail during the decline in the stoc Today, however, they displayed dis< tinct” improvement Interest in New Haven. Interest was taken in the New Haven situation because of the op- timistic statements attributed to of- ficlals. All the ew Haven bonds are ! selling at nearly the low of the year | except the franc 78, which are up obout eight points from the extreme low. cre_was very good trading in| these franc bonds today, but with New Haven 6s | H uch to say about| List or the dome industrials. French only fractionally changed. vak $s went lower. Japa- | were a trifle hi, r. There r selling of Market Street st 53 due next year. Bonds in the either the forei steady. CTOBERCOTTON JUMPS 80 POINTS When Only 4,600 Bales Are | fi.; ‘ By the Associated Pross. 1 82% 18 | cotton today rose to 80 points above | Hershey 68 1942 GB'A;un night's close, selling at % | establishing a new high lovel for the | Illinols Bell 1at 5. | meason. The inerease was due to’ the | 10dlana Steel 5s 56 |fact that only about 4,600 bales were| 81% | tendered on Octobor contracts, where | 624 964 | 2“ | points net higher. 2% | £5, 40% 5714 16% % 8% 100 344 66% 8934 115% 4% 81 31% 80 20 40 87 &8 14% 28 % 15 9 30% 46 89% 8% 16% 18 1056 9% 56% 614 | January, 1 NEW YORK, October 35.—0cluherl 39, and | 1 nearly twice as many had been ac-| cepted. Later months were 11 to 20| December sold up _to 20.40 andj to 29.80, buT there was a ®ood deal of reallzing at these prices which caused reactlons of 20 to 25/ points during the early trading. The | census report was clasely in line with | the forecast showing 6.400,679 bales ginned to October 18th. New Orleans Market Quiet. NEW ORLEANS, August 25.—Better cables than due and continued abnor- mally cold weather over the belt, caused buying on the opening of the cotton market today. Ginning figures to October 18 of 6,400,579 bales, just about met expectations and did not have much influence, although the output of the gins was regarded as small for this time of the year. After advances of 20 to 31 points prices fell off, at the end of the first half hour to levels 1 point over to 4 points under the close of yesterday. Decem- ber traded up to 29.90, and fell back to 29.68. Noon Bids on Cotton. NEW YORK, October 25.—Cotton futures, 11:45 a.m.: Bids steady; Oc- tober, 31.00: December, 80.25; January, 29.73; March, 29.78; May, 29.83. ‘Additional ‘October notices wero ls- sued during the morning, bringing the total up to about 10,000 bales, but the October premlum increased, and that position went out at 1.05 points over December, seliing around 31.30, jast before midday. NEW ORLEANS, October 25.—Cot- ton figures: Noon bids, steady. Oc- tober, blank; December, 29.80; Jan- uary, 29.66; March, 20.57; May, 29.31. ROAD’S EARNINGS DROP. BALTIMORE, October 25-—Gross earnings of the Weatern Maryland railway for the second week of Oc- tober are estimated at $400,358.05, a | Rto Gr Do Sul 8s. | Beth Steel 5 | b Both Steel rf 58 < ! of the ribber and tire companies werg | { Bklyn Edison | Cerro de Pasco Ss. i Dery (DG) Ts Zg»s!Establishes New High Level! ; Dlamond Mth 7%s. ‘FINANCIAL, Grain', Produce and’ Live Stock [ LOCAL WHOLESALE MARKET. Vegetables from nearby and distant points proved an attractive feature of-today's market, supplies indicating anything but a shortage. Thero was a noticeable improvement in the qual- ity of potatoes. White potatoes were quoted at from $2 to $3.50 a barrel, while the price of sweeet potatoes ranged from $2.50 to §2.00 a barrel. Sugar corn, always in demand, is becoming scarce. The same is true of tomatoes. There are many green tomatoes on hand for pickling pur- poses, and they find ready sale at fairly good prices. There is still a moderate supply of lima beans to be had at 35 and 45 cents a quart. Kale and spinach are fairly_plentiful and of good quality. New York cclery and New York and home-grown lettuce are being re- celved in quantities sufficlently large to_meet demands. Eggs—Strictly fresh, selected, can- dled, per dozen, 44a45; average recelpts, 40a42; storage, 35a36. ‘Live poultry—Roosters, per 1b.,18; turkeys, per Ib., 38a40; spring chicken: per 1 Ccats, young, each, 60a60; fowls, per ib., 25a28, Dressed poultry — Fresh - killed epring chickens, per 1b., 32a35; roast- ers, per 1b., 30a35; hens, per ib., 30a32; turkeys, per Ib., 40a50; keats, young, each, 80a8; roosters, per Ib., 21a22. Live stock—Calves, choice, per Ib 12; medium, per 1b., 11: 8a10. Lambs, spring, per Ib., 13. igs, 3.00a5.00 each; live hogs, per Ib., [sx32v vorr BONDS 7 s RAILROADS. Bales, High, Low. Oloss. 65 89 88% 89 6 79% T9% T9% 16 96% 964 964 34 79% 70% T79% 49 101% 100% 101% . 18 88 83 834 B&Oretss 28 B3% 83% 3% B&0 PLE&EWV 8 6% 76% 6% B&OSWdivaye. 13 95% 98% O6% B & O Toledo 4éa 7 67 66% 67 ° Bklyn-Manhat 6s, 187 66%. 66% 664 BkIRT 7s'21ct.., 1 88% B88% 884 6 118% Canadian North 7s. 6 113% sk Canad North 63%s. 24 1124 111% 111% Canad Pacdeb4s., 43 80% 80 80% CarClinch&Of5s.. 5 92 91% 92 Car Clinch & O 2 oW 96k 95% Cent 0f Ga 6s 3 100% 100% 100% Central Paclfic 4s. 66 87% 86} B87% Ches&Ohtocvbs. 9 88% 88 88 Ches & O cv 4% 31 87% 86% B8Th Ches&Ognélgs.. 1 B3% 83% B83% 54 814 28 % (Sales. are in §1,000.) MUNITID STATES BOND&W lons represent thirty Mmpu:egra-l means 98 3-33.) Bales. High. Low. Close. Lib3%s...... 166 100-2 99-30 100-2 Libist-2d 43 8 97-24 97-10 97-10 Lib 18t 4% 32 98- 97-30 Lib 24 4ye. 343 98-1 97-27 Lib 34 435 1159 99- 98-26 Lib éth 43, 724 98-2 9727 US¢%s1962. 479 99-11 896 FOREIGN. Sales. High. Low. Close. Argentine 7s...... 50 102 102 102 Austria 7s. 40 87% 87% B8T% 19 98K 97k 98% 10 96% 96% 06% 24 100 99% 99% 107% 107% 10T% 88 8T% ;: % %% 9% 3% 23% 97% 97% 99% 99% 101% 101% 100 100 99% 99% 103% 103% 1084 108% 108% 108% s 9514 95k 46% 48 108 108 88% 88% gl% Atchison gen 4 Atohison adj % B&Oprin 3%, B& O gold ¢ B&OGs..... B&Oeviy 99-11 Chi & Alton 3, 4 54 [ Chi& Alton 3%s.. 48 81% 814 Chi & Alt 3%s otfs, 22 29% Chi B&Q gn 4s°68. 11 85% ChiB&Qlatrfbs.. 7 98% 23 46% ChiGrWest 4s (n). 4 42% CM&PugetSd4s. 7 5l% ChiM &St P rf 4% 36 48% Chi M&St P cv 6s. 63% Chl M&St P 4s"25. T Chi M&S P cv 4% b4 CM&BStPgn4}s. 17 79% ChiRysGs..... 2 76% ChiRI&Pgn és. 3 ChiRI&Pacrf4s 31 ChiUn Sta 64%s. Chi & W Ind cn CCC&StLrf 68 A, Cleve Term 5%s. .. Cleve Term bs. Cuba R R bs.. Del & Hd 1strf 4s. 52 Del & Hudson 6% Den & Rio G cn 4 D& RG 1st rt b: Det United 4%s. - Erio 18t con 4 Erte con ext 7 Erie gep 4 Erie conv Erle conv Gr Trunk sf ab Gr North gen 78 Gr North gen 5% Havana ERL&P b3 Hud & Man ref Gs. Hud & Man aj b 111 Central ref 4 11l Central 5% s 111 Cent ref 65 '55 Int Rap Tran s, Int Rap Tr is stpd. Int Rap Tran 6s Int Rap Tran 7s. Int & G Nor aj 6 Int & G Nor 1st 8 TowaCentrfds.... Towa Cent 18t G8... Kan City Ft S 4s. Kansas City 86 Kan Clty Term Lake Shore 4528 Louls & N uni 4s. Louls & Nash 7s. . Louis & Nash 61 Louis & N s 2003... Chile 88 1941 Chile 75 1943 Chinese Gov Ry Christiania §s Copenhagen 63 Cuba 5%s ctf: . Czechoslovakia 8a. Denmark 8s. Denmark 6; Dutch E15%s. ... Dutch East I 6547, Dutch East I 6s'62, Framerlcan 7%s. . French Govt § French Govt 7%s. Halti6s..... Holland-Amer 6s. Italy 6348 1925. ... Japancse 1st 43¢s. Japenese 2d 434s. Japan Jergen U M 6s '47. Lyons 6s. Marseilles 63 Mexico Ga. Mexico 4s. a1% 92 108% 84 1% 96% 96 20% 98% 93% 92 81% 97 93% 92 79% 784 8% 78 46% 281 85'% 9644 110% 93% 78% 74 112% 0% 102% 103 95% 84 85% 98 70 42% 85v 57% 104% 49% 524 56 103% 106% 26% 814 82 597% 84% 101% 29% 61% 61 57% 854 89% 88 16 59% 74 85 8213 94 8914 106% 105 96 67% 9Nk 81% 15% 101% 37% 7443 % 63% 93% 50 88 78% 49 4% 5% 74 1044 9% 95% B0 71% 58 27% 61 58% 304 30t 364 893 107% 59ia 8314 103% 927 293 924 804 100 90% 107% 108 95 94% 8% 37 664 80Y 54% 68% 98% 444 34% 66% 23 Fd 8314 95% 68 101% 51 42 2% 96% 934 96% 99% 9414 88% 95 85 wow oRoSvamnwn Green fruits—Apples, new, per bas ket, 50a2.50. California oranges, per crate, 6.00a7.00; Florida, 3.00a5.00. Lem. ons, per box, 3.00a4.00. Grapefruit, 3.50 | .50. Grapes, Concord, twenty-poun basket, 75a1.00; two-quart basket, 223 26; Colorado flats, 50a75; honeydew me] ons, 1.25al.7! Vegetables: @t - Potatoes, per bbl, No. 1, 3.00a3.50; No. 2, 1.50a2.00. Potatoes. round, per bog, 2.75a3.00; sweet poto- toes, 2.50a3.00 per bbl. New York lettuce, per crate, 1.60a2.50: nearby, 60a1.00; Tce- { burg, 5.0025.50. Cabbage, northern, '2.00a. Der 100 1bs.; nearby, 1.00al.50 bbl. toes, half-bushel basket, nearby, Zoa 75. Beans, 5.0027.00 per bbl. New York celery, per crate. washed, 4.00a 50; in_rough, 2.50a4.00. Squash, 3.00 | a3.50, Peppers, per crate, nearby, | 50a1.00. Kale, per bbl., ach, per barrel, grown_lima beans, New York 2.00a3.00. 15a33. - e - per quart, 3 cucumbers, per bushel, Sugar corn, per dozen,| Norway 6s 1943. Norway 68 1952. Orlent Dev deb 6. Paris-Ly's-Med 6; Prague 1% e NOuRELe sGoazRaoHaNERAONOOmSRaRa GRAIN AND PROVISIO) ALTIMORE, Md, October 25 (Spe- Potatoes, white. 100 Ibs., 752 150 1bs. sweets and bu, 75a100. .25a1.75. Lima beans, bu., Beets, per 100, 2.00a4.00. 15a36. Cabbage, per 100, oy, 50a60. Carrots, per .~ Caulifiower, _crate, rate, 2.50a3.00. Sggplants, basket, Lettuce, bu 100 Ibs. 2.00a3.25. er 100, 6.00a8.00. Pep- 0a60. ~ Pumpk! per Spinach, bu., 35a60. ket, 25x50 packing, stock, bu., 65275, Turnips, bu., 30a40. Appl packed, bbl, 2.00a4.0 50a1.25 bbl, 1.50a2.50; bu., 1.007 b 5a50. Box appl a | 2:50. " Cranberries 4.006.00. !f;v‘.‘»pot basket, T Queensland 7s. Queensland 6s. ... Riode Jan 851946, Rio de Jan 85 1947. - 0 Sao Paulo,State. Seine, Dept of, 7 6 69 %5"37.134 2 19 BORanRwEmneneBmea0 pa60. Kale, bu., 1 65a1.00. Onion Oyster. plant! pers, basket, 100, 5.00210.0. Tomatoes, Td Kingm § Zurich s MISCELLANEOUS. ax Rubber §s... 1 89 Am AgrChem %8s 17 98% Am Smt&R 1st 5. 33 91% AmSmit&R 6s.... 5 1024 Am Sugar Ref 100% AmT& Tcltrb 98 AmT& Tcltr4 82% Anaconda cv db Anaconda 1st 8s. Armour & Co 4%s Armour of Del Asso Ofl 8s ret. Atlantic Refin Gs. . Barnedall s £ §s Bell Tel Pa b 00m 89 984 91 102% 99% 97% 92% 973 5% R4ta 88% 943, 96% 9% 97% Manhat Ry cn 4s, Market Sten 6s. ... Mil El Ry & L 68. M & St L rf ex bs. M StP & SSM 615a.. M StP & SSM cn 4s. & & & & 815 15% 101% 87% 4% % 65 g ol (0 heat— 49% “red 854 3% 4T% 4% | 5% 7 104% | 893 6% 80% 715 52% o ma8ie 7 4 T 1st 4s. .14 TprinbsA. 60 T4sB. Pears, bu., Quinces, bu., 76a1.25. elling Prices on Grain. No. red winter, 3 red winte winter, g red winter, garlicky, spot, 4 red winter, garlicky Mo Pacific gn 4 New Or Term 4s. O Tex & M in bt | NY Cent gen 3%s. N Y Cent deb 6s N Y Cent deb 4s. 5. ales—Bag Jots of nearby sold a range of 1.05 to 1.06. 5 | Corn—Cob, old, 5.50 barrel; No. corn, spot, no quotations; track corn, | yellow, No. 2, old or better, 1 | Oats—No. 2 white, new. 1 Beth Steels £ 63 Brier H St et § Bklyn Ed ge Bush T Bldg Calif Pete 6155 w 1. Central Leather 58 112 13 15 No. 3 white, new, 51 and 51 N 5a85 per b per bushel. 133 tons. The mar- 27% | ket for good hay—timothy and clover | 61 |mixed and No. 1 clover is firm and | 58% | there 1s culy a moderate guantity of | 80% { such stock in the daily receipts. De- 30% { mand is more or less constant for v, Quotations: 00a27.50 per to : "No. 3. 23.00a25.0 " | 24.00; No, 1 clover mixed, 25.00a2 82 {No. 1 clover, 22.00a23.00. 103% | " Straw—No. 1 tangled rye. 15.00a 92'«116.00: No. 1 wheat, 13.00a14.00; No. 1 99% | oat, 14.00a15.00. 92U | 80% 100 0% | 107% | 2042 107% | 17a2 w Haven c d 65 . | New Haven d 4s 67 ! New Haven 7s..... * | New Haven 7s fr. New York Ry rf 4s. 10 YRyrfesctts.. 11 INYW & Bos44s. 2 { Nortolk & W cn 4s. 23 rfolk & W cv 6s. .76 9 4 Chile Copper 6 CinG & E 5%s Commonwth P 6s. Con Coal Md st 5 Cuban-Am Sug 8s. Cuba Cans cv d 8s. tim- | Det Edison ref 6s Donner Steel 7s. ... Du Pontde N 734s. Duquesne Light 65 41 Tt Cuba Sug 7%s. 33 Empire GEF T4%s. 111 Fisk Rubber 8s... Goodrich 6%s. . . Goodyear §s 1921 . Gocdyear 85 1941. . i Northn Pacri 6s.. Northern Pac 5s D. {Ore & Calif 1st 5s.. Ore Short L ret 4 -lOr\!-\Va!h istrfds | Pennsyl gen &s. | Pennsyl gen 434s.. { Pennsyl 6%s. . | Pennsyl gold 78 i Pennsyl con 4% | Pere Margq ist 5s... | Pere Mrq 1st 45 ‘56 1073% 103% 100 804 102 97% DAIRY PRODUCTS. 1 BALTIMORE, October 25 (Special). % | —Live poultry—Spring chickens, 1b. Leghorns, 17a19; old hens, 1sghorns, 17a18; old roosters, 95 |14al5: ducks, 1b, 17a24; plgeons, pair, 94 | 20875: guinea fowl, each, 40a65. { 778} Eegs (loss off)—Native and nearby { firsts, doz., 44; southern, 40a42 §7 | Butter—Creamery, good 5% (1D, 406ad491s; prints. 5 ow | creamery, 38a42: lad 20% 1 95a32; dairy prints, 28a32; 24" | butter, 38a39; store-packed, 37. 98Y 44 84% | 6% o8 7 834 | 6 7% 1015 50% 4 2% 964 234 Humble OLR 5i5a. { { Reading gen 4s.... {StL&SFpl4sA.. StL&SFprinG StL&SF inc6s... StL&SFadié StL&SFplésC.. Seab'd A Lyref 4s.. Seab'd A L ad) 58, Seab’d A L con 6s... { Sou Pacific 48 1929, | Sou Pacific ref 4s. Sou Pacific clt 4s. . Southern Ry 1st 6s. Southern Ry gn Southern Ry 6 Iat Mer Marine 6s Int Paper 1st 58 B. KCP&Lt5sA'62 Kayser (J) 7 Keily-Spring 88 Lackawa § 58 ‘5 Liggett & Myrs 5 Lorillard (P) bs. Magma Cop cv 7 Mer & Mtg s 7342 Mexican Petrol 8s. Mich St Tel 1st 5: Midvale Steel 5s. Montana Power 5 Morris&Co 1st 438 New Eng Tel 5s... N Y.Edsn 1st 6%s. NYG EL H&P 4s. NY Tel 6341 N Y Tel 68 NY Tel 4% N Am Edison 6s Nor States Pow bs. Nor States Pow 6s Northwst B Te. I Otis Steel T4s, Otis Steel 83 Z Pacific Gas & El 6s PacificT & T 6s '52 PhilaCoret6sA.. Plerce-Arrow 8s.. Pierce Oil deb 8s.. Public Service b Punta Alegre 78 TODAY'S CHICAGO PRICES. CHICAGO, October 25.—Fear of frost in Argentina led to a new up- turn in wheat price today shortly | after the market opened. The fact that the wheat crop in Argentina is at a ical stage of development made news of cold weather there a distinct bullish influence. Besides, leading commission houses hero con- tinued to give attention to chances of United States government meas- ures likely to help prices upward. The opening. _ which varied from un- changed figures to % lower, with De- ! cember 1.06% to 1.06% and May 1.11] 85% | to 1.113%4, was foliowed by a material | 99% | upturn all around. i 94% | Corn ang oats derived strength | 864 | from the action of the wheat market. | 95 After opening unchanged to high- 85 |er, December 728 to %, corn 58 |sagged a little and then scored gen- 795 | eral galns Osts started % to % up, December 41% to 41%, and continued to ad- vance. Provisions were steady, in line with the hog market. 105 104 9% 854 95% 79 97% 10804 81% 104% 105% 04% 91% 89% 9974 107% 9% 97 Tol StL & W 48, Tol StL& W3 Union Pac 1t 4 Unlon Paccv és Union Pac 1st ri Virginia Ry 1st & Va Ry & P 1st bs. Wabash 1st 5s. Wabash 2d 58 Western Md 4s.... 26 58% 58 | Western PacificSs. - 5 79% 79 TOTAL SALES (Par Value): 11a.m.. 4333000 12noon 6533000 1p.m.. 8435000 3p.m.. 9623000 e FOREIGN EXCHANGE. (October 25, 1923—12:09 p.m.) 815 1041 105% 948 21% 8914 998 1073 914 97 89% 90 100% 4% 80 78% 107 93 99% 94% 863 95 85 89% 80 100% T4% 80w 784 107% | with $3 jing wi Sharon St1 H 8s... Sinclair Oi1 7 Sinclair Oil 6 Sin CrudeOll 6s 5.0 Crude Ol b3s. South Bell Tel 5s. . 8o Por Rico Sug 78 Bteel & Tube 7. Sug Est Orlent 7s, Tenn Elec Pow 6s. Tobacco Prod sf 7s Toledo Edn 1st 7s. Union 5.7 & P 68. Unit Drug ov 8 USRub 1strf bs.. U 8 Rubber 7%s. U SSteel s £ b8 Utah Pow & Lt 29 92% 86%4 96% 97 94 1004 108 941 924 106% 106% 954 110 a1 104 102% 884 29% 924 861% 961 974 94% 100% 108 9444 9214 106% 107 954 110 84% 104 102% B8% (Qctober 24, 1823—12:18 p.m.) ZLondon, pound Sontreal, dollar. Varls, franc Brussels, franc. Berlin, mar) Rome, lira. Zurich, fr Athens, Madrid, Prague, ¢ - 448 4.86685 Bellin checks CHICAGO LIVE STOCK MARKET. CHICAGO, October 25 (United § Department of Agriculture).—Hog: Receipts, 34,000 ‘head; siow, mos steady; bulk, good and choice, 2 825 pound butchers, 7.55a7.65; top, H desirable, 170 to 230 pound average, 20a7.50; bulk, packing sows, 6.40a 5; desirable weighty slaughter pigs, 5a6.25. © Cattle—Receipts, 10,000 head; strong to 15 cents higher; top matured steers, [ | with L4 W.R.&EBONDSARE; | DUEONDECEMBERT | Company Must Pay:$1,000, - 000 at That Time—Capital Traction Earnings. v The Washington Railway and Elec tric Company will be called upon to meet maturing obligations to the ex- tent of $1,000,000 on December 1, this year, when the outstanding general §, per cent bonds fall due. The com-, pany is not expected to take advan- tage at this time of the public utili-_ tles' authorization, several month ago, to float additional bond Issues, but will, most likely, hypothecate & sufficlent amount of securitles with local banks to raise the necessary, amount to be disbursed. New bonds. will be floated, it is believed, wh the Investment market is more fa-, vorable. . The 6 per cent bonds of the carricr, have been in excellent deman: throughout the present year in Wash- ington because of their desirabilit as an investment for the Christm: savings club funds of local since they mature on December which 13 the approxin e date Christmas vings club disb ments are made. One of the most di ficult proble confronting bankers is that of finding sul vestments for their Christm ings club funds. This money in In weekly installments through- out the year, and the desiral an Investment of a simultar turity is easily see ‘The tonds are now selling fra below par, but bankers here w ¢ pay par for them if large Two years ago the is selling at 95 and 96, while five y they could be had for 8%, then y about 12 per cent. Traction Earnings Slump. slump in earnings of the C 3 for Septem! noted in the statement of carr th the Phblic Utilities Con » month the_comp cxtent of $68,303, w income for the corresponding'’ period a year ago amounted to $87,389 During August of this year the company’ earned $56,591. The net operating revenue of t for the peri d to $12 last’ year as Light Earnings Gain, of the Washin mpa for show an appreciable ga period of last r. During the mon the com net corporate come of inst $4,638 in S nd with a def 6, as aga amounted to tion of d totaled 37, The Georgetown y likewise shows amorti and expen Septembe and with $3,134 in Crissinger on Redixcount Rate. Gov. D. R. C: tthe New York Federal Reserve directors, Mr. Crissinger ex: Cities Service Income. The gross earnings Compan e tember 3 compared spondin i$ 7 560 in the monthly issued by the net earnings which nd net to {and erves was compared with § {ceding twelve mont lent of $18.32 a sha verage amount of co nding. In the preceding twel months $14.82 a share was earned on | the common stock. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, October 25.—The Lowell silk mills have resumed operation ut the scarcity of raw silk vented production an scale. MOMEN 11L, October nois breeders and dairy organ will send out a special dalry on roads to promote the exte dairying and improvement of SANTA ROSA, Calif.,, Octobe With two more weeks of the se. 6,000 tons of tomatoes have b anned here and the total is expec o reach §,000 tons. The pack is the largest ever recorded in this district ST. PAUL. October 2 grinding of Minnesota b is in progre The Chaska factory will operate twenty-four hours a day f ut 100 days. Daily production 4 ated at 200,000 pounds of Su- » gar from 900 tons of beets. PORTLAND, Ore. Latest figures on the onion cro the Willamette valley by the C federated Onion Growers' Associ; shows that 546 cars have be duced as against 450 in 19 movement to market was unusually early. DETROIT, - October —The Motor Company preduced 41,286 ca: and trucks in the week ending Oc- 1 tober 23, an increase of 5% vehicles over last week. Tractor production for the week was 1,836, 1,841 the K coln output reached a new ord with 217 cars. ATLANTA, October 25.—The cotton * co-operative crop reporting vill_issue an estimate of the yleld November 2, with the object October the late dealings, but selling orders continued to predominate in. the. dull trading. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 10215 108! 081l decrease of $33,409.43, or 8 per cent, compared Wwitn the corresponding week last year. The estimated earn- ings for the first two weeks of the month show & decrease of 4 per cent, compared with last year, but earnings for the current vear to October 14 show an increase of $4,671,286.67, or 34 per cént. TREASURY CERTIFICATES. (Quotations' furaished by Redmoad & Co.) By the Associated Pre = NEW YORK, October 2 exchange irregular. i providing a comparison with gove 101% - ment figures, 28% 86 101% 23% 35 21 % 106% T 27% 10% | Woolworth. 75 | Wright Aero. 28% Wheel & LE pf. White Eag Otl.. White Motor. 10% 21 - 48% % 5% 204 Vertientes Sug 7s. Va-Car Chem 7s... Va-Car Ch 7%s w. ‘Warner Sugar 7 96 83 6614 103 107% 1094 90% 96% 96 108% 93% RAW WOOL IMPROVES. London Auctions Are Helping Mar két in This Country. Bpecial Dispatch toThe Star. , =~ . BOSTON, October ' 25.—Strength ini the London auctions ’has improved senitiment In the local raw wool mar- kets and some dealers today marked their prices up. Whether the mills will buy at the:higher figures remains to be seen. Fine wools were marked up as much as 10 per cent in some cases, while quarfer bloods in :n] 95 83 66% 103 107% M9y 1% 95% 96 103% 93% Inland Steel pf. Inspirdtion Int Cement In Combust B... 21% Int Harvester 724 Int Harvester pf 106% Int Mer'Matine. 7 Int M Marine pf. 27% int Nickel 11 Int Nickel pf. 75 intl raper. ... .. 29% ' Intl Paper (sta). 60 Int Shoe pf 1143 Intertype Ci 304 invisgible Qil... 8% Island Oil ) Jones Tea Kansas & Guit., hansas City S. nsas C So pf. yser (Julfus) Kelly-Spr Tire Kelly-Spr 6% pf. Kennecott. Keystons Tir Kress (SH). Lee T & Rubber. Lehigh Valley. 59 Lig & Myers pf. 114% 3% 10% 21 48% % 5 20 10% 21 48% % 5% 20 6% 7 68% 68 68% 278 270 270 10 10 10 High. Low. Last. o Call Money..... 4% 4% 4% 80 HOURLY SALES OF STOCKS. 8%} 11am..... 181 700 12m.......229 800 1pm..... 426 400 2p.m.....491 400 27 i e EX-DIVIDEND TABLE. B3| October 20— 3414 | Punta Alegre Sugar. 2264 | October 30— 71 | Dominion Bridge pf...... 30 Octover 31— 2 | Amer. Elect. Power pt., q.-..... 160 | Brazilian Tract., Light & Power, q. 12 | Canadian Cement pf., Qs 58% tan Converters, . 114% | Con. Rwy. & Light Qo Q. Con. Rwy. & Light Co., $3 | Gl Gas & Eeet, a...v. 5 12.40; best ~long vearlings, 12.0 5 —Foretgn | Tl - "loads fod ‘steers and year: Quotations (in !{ings, early, 8.00a11.50; bulls, 10 to 15 tates dollars): Great Britain, | cents higher; bulk heavy "bolognas, Risase' {4.50a4.60; bulk vealers to packers, demand, 4.47%; cables, 4.47%; SIXty-}3060; "siockers and feeders active: day bilis on banks, 445%. France,|pui'sdiasn. € demand, .0575%; ocables, .0576. Italy,| Sheep—Receipts, 20,000 head; active, : {Kkilling classes, strong to 25 ®cents demand, .0440%; cables, .0446%. Bel- {KIlInE Slaghen, Strobe fo, 20 Swents glum, demand, .0495%; cables, .0496. | fat western lambs, 13.00a13.25; natlve, cables, | 12.50a12.75; culls, 8.0029.50; Eood to 0900000009, Holland, demand, .3875; | choice fat yearlings, wethers, 10.50. cables, .3880. Norway,.demand, .1532. Sweden, demand, .2628. Denmark, de- RAW SILK LOWER. mend, .1738. Switzerland, demand, Cotton Goods Markets .1779. Spain, demand, .1326. Greece, de- ‘mand, .0159. Poland, demand, .000000%. Prices Being Held Up. Special Dispateh to The Star. Czechoslovakia, demand, .0295. Jugo- elavia, demand, .0120. Austria, demand, 000014, Rumania, demand, .0047%. Ar- gentine, -demand, .3212.° Brazil, de- NEW YORK, October 25.—Demand was light in today’s cotton goods mar- kets, but with mills still holding firm on prices, especially those for futur, 0950. Montreal, .98%. deliveries. Print cloths were quote at 10 cents for the 64 by 60 and 11% for the 68 by 72. With speculation being steadily ‘squeezed out of the raw silk markets by optimistic re- ports from Japan prices took another drop. there today, reaching figures only about 10 per cent above pre-dis- aster quotations. Business was light, but inquiries were more numerous.. 21 6% % 5% 204 7. JOPLIN, Mo., October 25. has increased in the tri zing fields in the last w prices strengthened to $39.50 a with good demand. Lead ore sale: averaged $80 a ton. ‘Wickwire Spen ‘Wilson & Co 15t 6 ‘Wilson&C cv 738 ‘Winchester A 73 Youngstn S8& T 6a. 8 Willya-Overl pf. 68% . 273 10 Aluminum Co. of Amer. Alumium Co. of Amer. ‘American Cotton Oil € American Sugar 6s 1937, American Tel. & Tel. 65 1924 American Tel. &, Tel. 8s 19 Aoaconda Copper” 8s 162 Anglo-American Oll 7igg 1625, Canadian Northers Glgs 1924 Geatral Argentine Rwy, Central Leather 5s 1 oL R L & Pac. Sie hicago Tel. Gs 1928, Du Pont Tis 1631, Federal Sugar Ref. 8 1683, ¥isher Body Corp. 6 1927. Sooivear T, &' 6o Tl Great Northern 7s 1936. Hocking Valley 6s 1924 finmbl! ‘S}{l blas llum»‘ nsas Clty Termg s Kennecott Copper: §4-1830. 4 Michigan State Tel. 5s 1024... W” M., Bt. P. & 8. 8. M. 6135 1631. 1018, . Morris & Co. 748 1930, . 160 K Penne. . E. 7a’ 1080, ! 1078, St. Paul Union Depot 514s 1923. 994§ Swift & Co. 5s 1982 . 91 Tidewater Ol 6%s" TUnlon Tank Car 7s 1830, 1980 PARIS MARKET UNEVEN. PARIS, October 25.—Prices were ir-" regular on the bourse today. Trading was limited, owing to the Rhineland . situation. = Three per cent rentes, 60 trancs 5 centimes. Exchange on Lou don, 77 francs 65 centimes. Five b cent loan, 73 francs 50 centimes. T dollar” was quoted at 17 franc centimes. MOTOR CAR OUTPUT. Production of motor cars In the United States in September was 298 910, against 314,372 in Aug « 187,693 in September, 1922, to_the Department of Comme: Production of trucks in Septembo was 28,455, against 30,619 in Augus and 19,335 ‘in eptember, 1922 Combined output of cars and truck in the first nine months, was 3,029,398 against 1,880,061 in 1922 and 1,336,8 in 2921, . . Germany, demand, 0000000009 December 15, gs March 15, 192 1923. Firm. % % %% mand, Bashssnaans S APPEAL FOR MUSEUM. PAWTUCKET, R L. October 25.— The Slater Mill " Association today issued an appeal to the cotton manu- facturers of -the coumtry to - con- tribute to a fund to convert the old Slater mill in_this city, the first cot- fon mill established in this country, nto a national textile museum. The ©old mill is valued at $75,000, but can _BAR SILVER QUOTATIONS. LONDON, October 25.—Bar silver, 31% pence per ounce. Money, 23 per Discount rates: Short-bills, 2 15-16a, 3 per cent;qthree-month bills, *33%a 33-16 per cent: ¥ NEW YORK, October 25.—] r ver; 63%; Mexican dollars, Il?:.rlu. o : Stockholm, crown. grease were boosted by some houses from 47.to 50 cents. Réceipts at Bos- ‘ton Wednesday: were 452 bags.of do- | be ‘bought for museum purposes for mestic wool, -~ | $45,000, » 104 i |Lottine......c Fuilman . illard Btewart ‘Wi 7 i ity e iard () aan Watmick Troa & 8 e