Evening Star Newspaper, October 27, 1923, Page 14

REACTIONGOES 0 1IN STOCK MARKET . Two Score Shares Melt Away ; to New Lows—Some Re- _sistance Noted. Br the Associated Press. NEW YORK, October 27.—The re- cent reactionary trend of stock prices was maintained in today's quiet ses- sion. The liquidating movemeat cov- erc1 a broader list, suggesting that necessitive selling was on a larger scile than heretofore. High-grade rallroad shares and standard industrials, however, tinued to offer splendid resis selling pressure. Nearly —two stocks melted away to new low rec- ords for the vear, losses ranging from one to four points, with American Sugar and Coca ( vielding the most to selling pressure. : "4 rus Players ened at drop- pedto 32 and then pulled to 56, There were a few .strong spots, notably ‘Woolworth. The closing was leavy. proximated 350,000 shares MANY SHARP BREAKS. score Sales ap- & Coca Cola Among Stocks in To- day’s Recessions. 2] BY STUART P. WE . i NEW YORK, October 27.—Today's | stock market wa the e of an-; other series of sharp breaks in special issues. Losses of two to four points appeared in American Sugar, Cocu- Cola, American lee and Colorado | Fuel. Producers and Refiners, common and preferred, were very weak, the former under 20 for the first time. Rumors of new financing, often de- ried, were brought forward again to explain the decline. The omission of the extra dividend on the preferred at lust Wednesday's ' meeting has also been a depressing factor. Regarding the gossip about Pro- ducers and Refiners being absorbed by the Prairle Oil and Gas, the talk today was that it was for the best interests of the deal to have the former stock down. American Sugar Weak. at 48 was very| all time. There account for the | inted out | that advantage out of the im the sugar market that broducers They accepted the absurd of the Cuban crop put cut at the start of the vear, and then, with the upward rush to 63 cent which followed discovery of the truth, many of them rushed in to buy and paid a high average. Amer- fcan Sugar is supposed to be one of thesge casfer and conseauently is credited with having operated at a pretty £mall profit margin. Coen Cola Is Surprise. The weakness in Coca-Cola ap- peared to be due not fo any unfa- rorable turn in the affairs of th: ‘eompany, but to a weak market p tion in the stock. Traders offering it down found almost no support until it had broken nearly 4 points. To- bacco Products A was sold on the hint thrown out that some opposi- tion might be raised to the deal with American Tobacco, even although the managements of both companies have approved the arrangement. The break in Colorado Fuel followed di- rectly the report for the third quar- ter showing a deficit of $315,000. The main body of the list held up pretty well. Prices went lower in most of the industrials, but the losses ‘were not large. Most of the oils and: rails were steady, the pressure was | jifted from the rubber and copper stocks und the shipping and depart- | ment store groups were definitely atrong. l Famous Players Rallies. Famous Players, after touching a new low, was more inclined to rally, although there was no change in sen- timent toward the stock. The street was not impressed with the reassur- ing statement put out Friday by the secretary of the company, in which he declared that the present shutdown |9 would save monewy at the right time of year—that is, at the time when the supply of films was sufficient fora good while ahead and when income was the largest. The showing in the last balance sheet was the thing that counted more. On June 30 Famous Players had $570,000 less cash than at the end of the previous directory, while its inventories were up $2.400.000 and it owed in bills payable $1,400,000. WEEK SEES STOCKS GO MUCH LOWER Reactionary Tone Carries Averages of Industrials to New Low Marks—Public Cautious. By the Associated Press. W YORK, October —Stock prices developed a decidedly reac- tlonary tone in this week's markets, the industrial average breaking through to a new low level for the vear. Pivotal stocks held relatively firm all week, the selling pressure being concentrated in the rubbers, leathers, c tles "Bubiic Tnterest was Again bt 1oy ebb, the daily transactions averag- ing about half a million shares with professional traders providing the large bulk of the business. Forel; nial of the inflationary rumors and the acceptance by France, Belglum and Italy of Lord Curzon's repara- tions plan. Nearly all the copper shares broke below their previous resistance points to new 1923 lows in reflection of the drop in the price to below 123 cents a pound, a new minimum, and specu- lative fear over the loss of export business as a result of recent de- velopments in the Ruhr. Rubbers and leathers also were affected by ad- verse trade conditions. Cotton prices jumped to new high levels, spot and December contracts getting above 31 cents a pound and the other near months above 30 cents. «Wall street heard reports that the head of the Soviet Textile Trust was on his way here to make cotton pur chases. erable more time money being ava able at 5 per cent for maturities of one to three months. Longer dates commanded 5% per cent, which was the ruling rate for prime commercial paper. BUTTER MARKET PICKS UP. Trend Steadily Broadens During Trading Week. CHICAGO, Qctober 27.—The week in the butter market closed slightly firmer yesterday, with trade xhowlnfi more signs of increase. The weel opened with the market no more than steady and trade continued quiet, but with better indications. although the better trend is as yet more or less lo- calized, according to the weekly re- port of the United States bureau of agricaltural _economics. Wholesale rices for 92 butter closed at 48% 1n New York, 493%. In Philadelphia, 48 at Boston and 47% at Chicago. NEW YORK STOCK EXCHANGE. Recelved by Private Wire Divect to The Star Ofice Am Agr Chem. . Am Ag Chm pt. 1 Am Car & Fdy.. Am Cotton OIl.. Am Internat’l Am Locomotive. Am Metal Am Radjator. .. Am Safe Razor. Am Ship & Com. Am Smelting. Am Steel Fdy. Am Sugar Am Sugar pf. Am Sumatra. Am T & Cable. Am Tel & Teleg. Am Tobacco. ... Am Tobac (B). Am W W 7% pf. Am Woolen Am Woanlen pt.. Am Writ Prpf.. Am Zinc & Lead Anaconda : Arnold Constab. Asso D Goods. .. Atchison Atl Fruit cti Atlantie | Baldwin L.oco Balto & Ohio. Balto & Ohlo pt. Barnesdall (A). Bayuk Bros.... Beechnut Pack. Beth Steel Beth Stl 8 Rkivn Bdi Brklyn-Man Tr. Brkin-Man T pt. Bkiyn Rap T 1p.. Brown Shoe. ... Burns Bros (A). Butte Copper... Buite & Super... Butterick...... Calif Petrol Callahan Zinc Canadian Pac. . i Case Threshing. Centrat Leath Century Rib Mil Cerro de Pasco. Chandler Mot. .. Chesap & Ohlo. . Chi & Aiton..... Chi & Alton pt.. ChiGrt West... Chi Great W pf. Chi Mil & St ¥ Chi Mil &St P Chl & Northwa. Chile Copper. Chino Copper... CCC&StL.... Coca-Coia Colo Fuel. Columbia Gas. Columbia Graph Col Graph pf.... Comp Tabulat.. Congoleum Co. . Conx CIgar. . Cons Gas of NY. Cons Textile. Crucibie Stot Cuban-Am Sug. Cuba Cane Sug. { Cuba Cane S pf. Cuyamel Fruit.. Davidson Chem. Dome Mines. .. Dupont (E1)... Eastman Kodak Elec Stor Bat... Elk Horn Coal.. Endicott-John. . Erie. Erie 1at pf Famous Plavers Famous Play pf. Fd Mines&S pt.. Fifith Ave Bul Fisher Body . Fisk Hubbsr. Fleishman. Foundation Co.. Freeport Texas. Gen Am Tk Car. Gen Electric. Gen Elec spl.... Gen Motor: Gimbel Brca. Goodyear prpf.. Gt Nortuern pi. Great Nor Ore. Greene-Cana Guantana Sug.. Gult St Steel.... Harbishaw Cab. Hanna (M A) pf. Hartman Corp. . Hartman rights. Hupp Motors. Hydraulic Sti Illinois Central. Ind Oll & G: (nspiration. In Ag Chemical. in Ag Chem P! in Combust £ Int & Grt North. int Harvester Int Harvester pf 1nt Mer Marine. int M Marine pf. int Nickel Intl Paper (sta). invincible Oil. .. Island Oll.. Jones Tea. Kansas City S.. Kaysor (Jullus) Keily-Spr Tire.. Kelsey Wheel. . Louls & Nas| Mack Truck Mack Truck 2 Magma Copper.. Mzllinson & Co. Maracaibo Oil.... Market St R 2d Market g: v!‘ Market St prior. Mathison Alkill Marland Ol Martin-Parry. Mazwell (A)... flu'nllB(B) . May Dp Btore: . ard. Midvale Steel. Mo Pacific pf. Montana Power. Montg’y Ward.. Moon Motors... Mother Lod Munsinger. Nash Motor: Nat Biscult..... Nati Dept Stores Natl Dept Sto pf Natl Enamel Natl Ry of M 24, Nat Supply pt Nevada Copper. N Y Alr Brake. . N Y Central.... NYC&StL pf(n). Norf & Western North Amer... Pere Marquette. Pere Mrq pr pf.. Philadelphia Co Phillips Jones. Philip Morris... Phillips Pete. Plerce-Arrow... Plerce Oll. Pub Serv 8% pf.. Pullman C 2 Ry Stl Spr pf. Ray Con Coppe Reading. Reap Ir & Steel Pey Tobac (B).. Royal Dutch.... St L & San Fran St L Southwn... St L South ptf. San Cecfl Sug. .. Savage Arm Schulte Stores. . Sears Roepuck. Shattuck-Ariz. . Shell Tr & Tran. Shell Uato! Simmons. Southern Ry pt. Spicer Mfg Co.. St Ofl of Calif. .. Stand Ollof N J. Stewart-Warne Superior Ofl. . Superior Steel Sweets Coot A.. Tenn Cobper. .. Texas Company Tex Gul? Suiph. Tex& PCa&oll. Tide Water Oll. . Timken Bearing Tobacco Prod. Tobacco Prod ‘Trans Cont Oll. Unlon Pactflo. .. Un Alloy Steel. . Un Cigar Strs... Utd Ry Iny pf... Utd Retal! Strs. US Cast I Pipe. USCastiIr Ppt. U SIndus Alco, Vanadlum Corp. Va-Car Chem Wabash pt (A). Waldorf (new). West Penn pf... West Eleo pf. Western Md. 34. West Pacific.... Western Union. Westhse E1&M. Wheel & LE pt.. White Motor. % 28% 233 Woolworth. 281% 275 281% ‘Worthingto: 23 23 23 23 ‘Wright Aero. 10% 10% 10% SO SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) —Cl Aluminum Co. ot/ Amer. Aluminum Co. of Amer. American Cotton Oil 65 American Bugar Gs 1 American Tel. ‘& Tel. s 162 Anaconda Copper 6 1929, Anglo-American Oll 748 Canadian Northern 534 102 o rgentine Rwy. I Lenther Gs 195, o 21 R. 1. & Pacific 5 Chicago Tel. 5s 1923, Dn_Pont 7is 1931 Goodyear T. & K. 8s 193 Great Northern 7s 1936. Hocking Valley 6s 192: Hus Ka Eaon Western Union 1 Westinghouse k. 4% SURY CERTIFICATES (Quotations furnished by Redmond & Co.) ——Close.——, 100810 1074 99 15-16 100 ‘lvlg 9! 90% X 100 §-1 DRY GOODS ACTIVE. Buyers Show More Willingness to Meet Prices. Special Dispateh to The Star. NEW YORK, October 27.—Cotton goods markets ended the week with a falrly busy session, in which buyers showed more willingness to meet prices at which mills were holidng thelr products. Following the 64 by 60 print cloths, which Increased 3 Friday to 10%, the 68 by 72 prints rose % to 12 today. EER AR e sCONnS FRERPF RO s Momven 1o 10k ® December 15, The decline in raw silk prices con-, tinued in the :fl; markets, the vari- ous es of Japanese ra ! Quoted off from b to 15 Demang continued cautious. % _NEW YORK, October 27.—Stock- Lolders of the White Rock Mineral Springs Company will vote Novem- ber 15 on a proposal to- divide out- tanding common stock into 200,000 shares without par value. The plan provides for the exchan¥e of five shares of new stock for each one 7% (of the old shares. POTATO MARKET. CHICAGO, Qctober 27.—Potatoe steady; recelpts, 135 cars; tof United States shipments, 1,178; Wis- consin bulk round whites, United States, No. 1, 90a1.10 cwt.; sacked, $5a1.00 cwt.; Minnesota and North Dakota sacked round whites, United States, No. 1, and partly graded, 85a 96 cwt.; Minnesota and North Dakota sacked Red River Ohios, 85a1.00 cwt.; bulk, 80a80; cwt.; South ‘Dakota sacked Early Ohios, 85290 cwt.; Ida- ho sacked russets, 2.00 cwt, IMOVES ARE MIXED INBOND MARKET [ers rors BONDS ot mit] ¥ YOR : Received by L (Sales are tn 1,008 UNITED STATES BONDS. (Fractions it thirty - seconds. Exampl Wman- 983-32.) Liberties Again Firm—For- |L eign List in Slight Advance. Mexicans Down. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 27.—Irregu- larity featured the trading in the bond market at the close of the week indeed had been the case for the preceding five days. The vitally im- portant developments of European af- fairs found only slight reflection in quotations. Theoretically French bonds should be the first to respond to any improvement in the outlook of the reparations dispute, and there securities ¥Friday and today, but not on a scale commensurate with the importance of the news. It s perhaps too much to expect that traders and investors should ex- hibit enthusiasm when there are still S0 many uncertainties in the situa- tion. It should also be remembered that even, when conditions abroad were apparently at their worst and franc exchange was sharply depressed French dollar securitbes dealt in on this market showed remarkable re- sisting power. Liberty Bonds Again Firm. There was not much change else- where in the foreign list. Czecho- slovak 8s lost the most ground on the week for no assignable reason. Mexican bonds were down on dis- turbing reports about Mexican po- litical conditions, which reports were not taken seriously by the bankers. Libertys were again firm today, as they have been all the week. Up to last night every United States loan on the list, both coupon and reg- istdred, showed advances over the closing prices of a week ago. This improvement has been variously ascribed to the influence of easy money, to the buying for ac- count of the British government, and to purchases by the United States Treasury for the sinking fund. It is Interesting to observe statement for the 770 member banks in the federal reserve system made public today showed decreases in the holdings of all United States se- curitles, bonds, treasury notes and certificates of indebtedness. Ratirond Issues Higher. This does not look as though the buying had come from the banks, al- % | though the figures for the banks are a week late. The high-grade rails and industrials have been firm, but the vance has been only fractional and not uniform throughout the list. On the other hand there has been no real weakness. First-grade bonds to show higher prices included Atchison Gen- eral 4s. Atlantic Coast Line 4s, Cen- tral Pacific first 4s, Colorado and Southern first 4s, Union Pacific first 4s, and among bonds of a slightly lower grade, Toledo, St. Louis and Western 4s, and Moblie and Ohio gen- eral 4s. Recovery in St. Pauls, In today's market the feature among the. speculative rails was the recovery in some of the St. Paul is- sues, chiefly the 4s of 1925. Dur- ing the break about midweek these bonds made a record low of 68, but they sold at 71 today. St. Paul and Missouri Pacific obligations were the weakest among all the railroad bonds this week. In the care of the St. Paul this could hardly be due to pres- ent earnings. The September state- ment was very good. Industrial bonds, both today and all the week, fluctuated more or less in sympathy with stocks. Sometimes the bonds and sometimes the stocks would lead the way. For instance, on Thursday American Sugar 6s sold be- low par, making a new low record for the year, and the violent break in the stock did not come until to- day. Rubbers Off During Week. United States Rubber s and 74%s also were down on the week, the loss in the 7%s being the greater. On the other hand, Ajax Rubber 8s ral- lied sharply. A case not easy to ex- plain was the drop in Market Street Railway bonds, with subsequent fe- covery. It i very unusual ?cr bonds of so short a maturity to fluctuate so rapidly. New {ssues of the week totaled $73,404,000, the most important of which were the Pere Marquette bs, the Philadelphia Electric 53458 and the Southern California Edison 6s. $100,000,000 POLICY INSURES 90,000 MEN Southern Pacific Takes Bigest Step of Kind Ever Made in Pro- tecting Employes. By the Associated Press. NEW YORK, October 27.—Julius Kruttschnitt, chairman of the execu- tive committee of the Southern Pa- cific Company, announced yesterday the awarding of a contract for group life insurance covering the 90,000 em- ployes of its various lines. The amount of insurance covered by this one policy may exceed $100,000,000, he sald, far exceeding in size any other known policy. The insurance, which probably will be effective January 1, is to be placed under & contributory plan. The com- pany will provide without cost to the employe an initial amount of insur- ance for all employes who have been in service six months or longer. In addition, employes will be given opportunity to increase this odnt by purchasing additional in- surance up to a maximum of $3.500 for those whose monthly pay is $200 or over. The company will share also in the expense of the additional in- surance. ¥ FIRM TO REORGANIZE. Hydraulic Steel Comp‘nyv Takes Preliminary Steps. CLEVELAND, Ohifo, October 27.— Preliminary steps toward the reor- ganization of the Hydraulic Steel Company were taken yesterday, when, upon application of officials of the concern, Federal Judge D. C, West- enhaver appointed Vice President and Controller Thomas P. Goqdbody re- celver, with full power to operate the company, > The company consented to the ap- pointment of & receiver in a friendly suit filed by the Savage Arms Cor- poration. The Hydraulic company suffered heavy losses in the depression that followed the war, impairing its as- gets to an extent which made & re- duction of its capitalization advisable. The period of adjustment and loss, it is_understood, ended April 1 last. Since then the earnings have im- proved, resulting in a profit above all charges, Including net interest. SUGAR PRICES REDUCED. SAN FRANCISCO, October 27.—Re- ductions of 30 cents a hundred pounds in the base price of refined cane and beet sugar were announced Jesterday by the CaliforniaHawatlan Sugar ning _Corporation, the Western Sugar Reflnery and the Spreckels Sugar Company. The new rices are $9.30 for cane and $9.00 for beet sugar. They are effective immedtately. 1.. Chile 7s 1943. Copenhagen Gi;s. ba 5141 were fractional advances in French |Cul of p Czechoslovakia 8s. Denmark 8 Denmark 6s. Netherlands 6s. ... Norway 8s. Norway 6s 1943 Orient Dev deb &; Paris-Ly’s-Med Prague 7% Queensland 7i Queensland 6 Rio de Jan 85 1947. Rlo Gr Do Sul 8s.,. 8ao Paulo.City,8s. . Seine, Dept of, Serbs Crotes Slo 88 Sweden 6s. Swiss Conted Ud Kingm 6%8°29. Ud Kingm 5%s'37. - RO~ coe BROwRa- 109% MISCELLANEOUS. Ajax Rubber8s.... 3 90 89% Am AgrChem 7%s 8 99 98% Am SmIt&R 1stbs. 1 91 7 102% 29 10 16 AmT&Tcl tr Am Writ Paper 6 Anaconda cv db 7s. e Armour of Del 532 Asso Ofl 6 rcts. o RO OmONUEO =~ O e Bell Tel Pa 6s. Beth Steel 538 '53. Beth Steels f6s. .. Brier H St 1st 5%s. Bklyn Edison 7s D, Bkiyn Ed gen bs Bush T Bldg 5360, Calif Pete 638 w i. Central Leather 58 Cerro de Pasco $s.. Chile Copper 6s.... Con Coal Md 1st 5. Cuba Cane cv d 8 Det Edison ref 6s.. Donner Steel 7 Du Pont de N 7% Est Cuba Sug 7%s. Empire G&F 7% Fisk Rubber 8s. - = 8 e - BRmounle Blacmnaann o Montana Power bs. New Eng Tel 5s. N Y Edsn 1st 6% NYTel6s'4l...... N Y Tel 6349 N Y Tel 4%: N Am Edison 6i Nor States Pow 5s. Northwst B Tel 7s. Otis S Ti48..... Pacific Gas & El 63 PacificT & T 6862 PhilaCoref6s A Plerce-Arrow 8s. Pierce Oll deb §s Public Service 5 Sharon St1 H Sinclair Oil 7 Sinclair Ofl 6%, S:n Crude Oll 5%s. Sin Pipe Line 6. South Bell Tel 6s. . Bo Por Rico Sug Steel & Tube 7s.... Sug Est Orlent 7s.. Tenn Elec Pow 6: Tobacco Prod sf 7s Toledo Edn 1st 7 Unit Drug cv USRublstrf U S Rubber 7% U S Steel sf ba. Utah Pow & Lt b1 Vertientes Sug 7s. Va-Car Chem 7s... ‘Warner Sugar 7s.. Westinghouse 7s. . Wilson & Co 1st. Wilson&Ccv 7%s. Winchester A 7%s. COLLEGE BOY SHOT AS AUTO TIRE THIEF Illinois U. Freshman Killed by Policeman, Fellow Classman at/School. e BREERO HARNENOBRRIRANRDNW © - E T 1o e 1 - ®3 » By the Associated Press. 'CHAMPAIGN, 1L, October 27.—Phil Sharp, twenty-two years old, a fresh- man at the University of Illinols, was shot and killed last night by J. D. Hillyer, a motor cycle policeman and a freshman at the university. The shooting occurred as Sharp and Alexander Schuls, a son of Prof. W. T. Schulz of the department of physics at the university, were preparing to attend the Northwestern-Illinois foot ball game at Chicago today, accord- ing to the police. The boys, the police learned, bought an old automobile and overhauled it, intending to g0 to the foot ball game in it. According to the police, they went out tonight to obtain tires and were discovered by Hillyer taking a tire;trom another car. Hillyer, according to the police, called upon the youths to halt. In- stead, Schulz fled in the car and Sharp ran down an alley. Hillyer fired at Sharp, killing him almost Instantly. Schulz was arrested and is being held for questioning. The police said they found tires and automoblile a cessories taken from other cars in the machine the boys had intended to use for their trip. i - Ocviyy Ches & Ogn 4%s. ., Chi & Alton 3 ® BromManeInnBonn L - Chi&NW 6%s, Chi & N.W 7s. ChiRI& Pacrf 4s Chi Un Sta é%s.... Chi Un Sta 6%s CCCaStLrfés A, Cleve Term 5%s. Cleve Term bs. Cuba RR 7%s. Cuba R R Ss Del & Ha 1st rf 4 Del & Hudson 5%s Erle 18t con 4 Erte gen 4 Erle conv 4s Erie conv Ben tmaRwanRaNanae - 111 Central 6 %s. 111 Cent ret 55 ‘56, Int Rap Tran bs. Int Rap Tr 5s stpd. - e N ISP P ] Louis & N s 2003. Manhat Ry cn Market 8t cn Mil El Ry & L 5i M StP & S8M cn 4 MK&T1stds..... MEK&TprinSsA. ) 1 RacannanBe Mo Pacific Mo Pacific g NY Centgen 3%s. N Y Cent deb 6s...... 6 N Y Cent deb N Y Centr 16 New H: cd New Haven 7sfr... New York Ry rf 4s. New Yor': Ry aj bs. NYRysadiBsct.. - Pennsyl gen ¢34s.. Pennsyl gold 7s Peorio & E Inc 4s. Pere Marq 1st Ge... Pere Mrq 1at 45 '56 St L IM&S R&G 4 BtLIM&S 4s°29, StL&SFpldsA 90% 107% | 24 | 3% K et ® © - PO BDm O N TR D SN StLSWistds.... St LS W con 48’32, San A & Arn P ds. Seab’d A L ¢s sta. - e ETT Y=Y - 090 G B Tol StL&W ds... 4 | Union Paclstds... We ‘Western Pacific Whel &LE rf 4% —_— FOREIGN EXCHANGE. (October 27, 1923—12:02 p.m.) (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. _today. 4.8060 4.49 Copenbagen, Chrstiania, crown. BStockholm, crown. By the Associated Press. NEW YORK, October 27.—Foreign xchanges TUnited States dollars): Great Britain, demand, 4.49%: cables, 4.49%: sixty- day bills on banks, 4.47%. France, demand, .0592% ; cables, .0692%. Italy, demand, .0462%; oables, .0463%. Bel- glum, demand, .051134; cables, .0512. Germany, demand, .000000000016; ca- bles, .000000000016. Holland, demand, .3890; cables, .3695. Norway, demand, .1632; Sweden, demand, .2633; Den- d, d mane, s "spatn, demand, -is3 Greece, demand, .0162; Poland, d mand, .000001; mand, .0394; .0116; Austria, demand, .000014; mania, demand, .0047%; Argentin: demand, .3200; Brazil, demand, .095 Montreal, .98 13-32. — COLORADO FUEL DEFICIT. NEW YORK, October 27.—The Col- orado Fuel and Iron Company report- ed a deficit of $316,644 for the quar- ter ending September 30, 1923, as compared with a deficit of $131,463 frregular Quotations (In | Ma: FINANCIAT Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Slight fluctuations In prices of nu- merous commodities were noted during the week, and at the close of the week's market most prices were substantially the same as at the beginning of the week. There were slight changes in meat prices. Choice meats were in demand &t top prices, and there also was a de- mand for coarse cuts, the demand for the latter being brisk. Displays of fruits and vegetables con- tinue to attract attention of buyers, the demand for both being brisk. Prices are reported as being reasonable. Eggs—Strictly fresh, selected, can- dled, per dozen, 46a48; aVverage receipts, 44; storage, 36a36, Live poultry—Roosters, per_Ib.,18; turkeys, per Ib., 38240; epring chickens, per i iy keats, young, each, 50a60: r ib., 25, Dressed poultry — Fresh - killed spring chickens, per 1b., 30a35; Foasts ers, per 1b., 30a3; hens, per ib., 30a32; turkeys, per 1b., '40a50; keats, young, each, 80a85; roosters, per Ib., 21a32, Live stock—Calves, choice, 12; medium, per ib., 11; thin, 8al0. Lambs, spring, per Ib., 13. g&u. 3.0025.00 each; live hogs, per lb. Green frujts—Apples, new, per ras- ket 50a2.50. California oranges. per te, 6.00a7.00; Florida, 3.00a5.00. Lem- per box, 3.00a4.00. Grapefruit, 3.50 . Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, 221a 26; Colorado fats, 50a75; honeydew mel- 1, 3.00a3.60; No. 2, 1.50a2.00. Potatoes, round, per ‘bog, 2.73a3.00; sweet poto- toes, 2.50a3.50 per bbl. New York lettuce, per crate, 1.50a2.50; nearby, 50a1.00; Ice- burg, 5.00a5.50. Cabbage, northern, 2.00a 2.25 per 100 1 nearby, 1.00a1.50 bbl. tomatoes, half-bushel et, 25a1.00. Bean 00a7.00 per bbl. York celery, per crate, washed. in_rough, 2.50a4.00. Squash, 3. Peppers, per crate, nearby, Kale, per bbl., 75a1.50. Spin- barrel. 1.50a2.50. Home- b bushel cucumbers, per 'bushel. $00a3.00. " Sugar corn, per dozem, 5. GRAIN AND PROVISIONS. BALTIMORE, Md., October 27 (Spe- cial).—Potatoes, white, 100 pounds, 75a2.00; 150 pounds, 1.00a3.00; sweets and yams, barrel, 1.2523.00; bushel, 75 21.10; beans, bushel, 1.25a1.75; lima beans, bushel, 1.75a2.2: beets, per 100, 2.0023.00; broccoli, bushel, 15a25; cabbage, per 100, 4.00a6.00; savoy, bushel, 4a50; carrots, per 100, 3.00a 5.00; caulifiower, crate, 1.25a3.00; celery, crate, 2.25a3.00; corn, dozen, 15a30; eggplants, crate, 3.00a3.50; kale, 16a25; lettuce, bushel, 75a1.00: 100 pounds, 2.0083.25; oyster- per 100, 5.0027.00; 'peppers, 25a60; pumpkins, per 100, 5.00 spinach, bushel, 60a75; toma- toes, basket, 40a50; packing stock, bushel, 60a75; turnips, bushel, 40a50. Apples, packed, barrel. 2.0024.00; bushel, 50a1.25; loose, barrel. 1.50a 2.50; bushel, 50a75; basket, 20a35; box apples, 1.50a2.50; cranberries, barrel, 6.00210.00; grap basket, 90a1.00; grapefruit, 2.0023.25; b 2.30a4.25; " pears, basket, 15a35; quinces, bushel Selling Prices on Grain. Wheat—No. 2 red winter, spot, 1.09%; No. 3 red winter, spot, 1.06%; 2 red winter, garlicky, spot, No. 3 red winter, garlicky, spot, 1.05%; No. 4 red winter, gar- licky, spot, 1.021;. Sales—Bag lot of nearby at 1.10. Corn—Cob, new, 4.50 barrel; No, 2 corn, spot, no quotations; track corn, vellow, No. 2, old or better 1.25. Sales—None. 0. 0. 2 white, new. 523 and . white, new, 51 and 511. arby, 75a85 per bushel; No. T bushel. Hi Receipts, 17 tons. Yo 53; No. 3, Rye— 2 rye, spot, 79. The mar- ket for good hay—timothy and clover | mixed and No. 1 clover—is firm, and there is only a moderate quantity of such stock in the daily receipts. De- mand i8 more or less constant for £00d hay. Quotations: No, 1 timothy. 27.50a28.00 Der ton; No. 2, 26.50a27.00 No. 3, 23.50a25.00; No. 1 light clov, wlxeld‘ 125.601250 No. 2, 24.00a25.00; No. 1 clover, mixed, 24. 25.00; . clgver, 2h00a38 007 - 00a20.00; No. 1 traw—No. "1 tangled rye. 15.00a 16.00; No. 1 wheat, 13.00214.00; N oat, 14.00a15.00. st DAIRY PRODUCTS. _ BALTIMORE, Md., October 27 (Spe- cial).—Poultry—Live spfln;r(‘hlckse’nes‘ Ib. 21a23; Leghorns, 18a20; old hens, 17a25; Leghorns, 17a18, old roosters, ;:::g;‘ turll;:lyu, 40; ducks, 1b., 17a25: s, pair,” 20a25; 2 eléh‘ i 5; guinea fowl, ‘Egs—Loss off native and i firsts, dozen, 5; southern, Qflllfl.euhy Butl_er—Creamory, &o00od to fancy, Ib, 45a49%: prints, 49a51: nearby creamery, 38a42; ladles, 34a35; rolls, 28a32; dairy prints, 28a32; process butter, 38a39; store packed, 27. TODAY'S CHICAGO PRICES. CHICAGO, October 27.—Price up- turns at the opening of the wheat market today soon turned out to be transient. They were ascribed to the fact that Liverpool quotations failed to reflect the setback in values yes- terday on this side of the Atlantic. On the other hand, imports of Cana- dian wheat into the United States, duty paid, were sald to be growing heavier. ‘The opening, which rangea from a shade decline to %als ad- vance, with December 107% to 107%, and May 111%, was followed by & .“z‘lm s;ene{:l &ain and then a re- action to e same as £ finish or below. e Unfavorable weather gave firmness to corn and oats. After opening a shade tod higher, December, 74% to 741, the corn ‘market sagged & little and then rallied. Oats started to % up, Decem- ber, 42 to 42%, and later fluctuated with corn. Strength In hog values steadied the provision market. CHICAGO, October 27.— WHEAT- § o8 1 [ i, P EEH 5 oo Ll Bi - bhy 333% - yaEE _.,. B 4 eo BB 83 B3 & CHICAGO LIVE STOCK MARKET. CHICAGO, October 27 (United States Department of Agriculture).—Hogs— Receipts, 9,000 head. Desirable grades firm; others strong to 10 higher; good and cholce, 210.to 325 pound butchers, 7.50a7.65; top, 7.65; desirable 170 to 00 pound average, 7.20a7.45; bulk 6.50a6.75; estimated 0. Cattle—Receipts, 1,000 head. Com- pared week ago long fed steers and yearlings 35 to 40 higher; top ma- ul steers, 12.45; best yearlings, 2.35; fat she stock steady; vealers ockers and feeders weak steers and yearlings, 8.85 to 10.76; beef cows and heifers, 3.76 to 7.25; canners and cutters, 2.35 to 3.15; veal- 10.75; stockers and feed- ers, 5.00 to 6.75. in the cnl;fe-w:!:d.:nz p;{l:? ll t Jear. eme: sclose Tt of Jestanatanovo fixed charges, from W ‘was . deducted depreciation of $382,671. SEABOARD'S NET IMPROVES. RICHMOND, Va., October 27.—Sea- board Air L gru net revenue for the month of September at $981,270.72, an_increase of $142,02365 o the NEW YORK October 27.—Sugar fu- tures closed steady, approximate sales, 1,600 tons. ecember, 4.96; March, 3.96; May, 4.04; July, 411 Sheep—Receipts, 1,000 head. Steady: killing classes show following com- pared week ago: Fat lambs, mostly 75; cull natives, 50a75; yearlings and twos, 50a75; aged stook, 2650; feed- ing lambs, 26a40 lower; top slaughter lambs, 13.50; top feeders, 12.50. CLEARING HOUSE REPORT. NEW YORK, October 27.—The ac- tual condition of clearing house banks and trust companies for the week shows an excess in reserve of $21,991,020. This is a decrease in the reserve of $10,109,710. His Idea of Low. From the Loutsville Courler-Journsl. 1oiDEnt Jou love to hear the cattle ow?" asl the poe! “.love to buy ‘em that way,” sald the packer. 2e y Vegetable: —Potatoes, per bbl, No. DANKERS MAY TALK OVERGERMAN LOAN Convention Here Likely to Put New Topic Into Pro- gram—Notes. Plans for the flotation of a large loan to Germany will, in all prob- abllity, constitute a major discus- sion of the forthcoming convention of the Investment Bankers' Assocla- tion, to be held in this city Octobef 28 to 31, inclusive, it was hinted In the local financial district this morn- ing. New developments in the inter- national political situation have origi- nated reports that the New York bankers, who underwrite much of the nation’s business, would discuss pro- viding funds for Germany, and con- sider plans for the flotation when the time becomes ripe. Such consideration does not have u place on the program of the associ tion, but recent reports emanating from Wall street indicate its possibil- ity. Yesterday's completion of plans for an international economic con- ference adds strength to the rumor Dollings Case Up Again. A petition for the termination of the receivership for the R. L. Doli- ings Company of Pennsylvania was filed in the federal district court ef Philadelphia yesterday by William W. Sketchley, who stated that he was secretary of a new board of directors of the company. The petition declared that as the old board of directors, whose manipu- lations were alleged to have made th receivership necessary, had resign the receiver was no longer neede Sketchley sald the new board had been elected last Friday and that it was composed principally of business men, “well qualified to_take over t! property and assets of the corpor tion.” Hearings on this petition and similar one, filed several weeks ago by minority stockholders of the Dol lings concern, will be held before Federal judge Dickinson November & Defunct Firm's Bullding Sold. William L. David and_Gardner Ab- Dott, receivers of the Cleveland Dis- count Company, which had an _office in Washington, vesterday in Clev land bought in the Cleveland Dis- count building at a sheriff’s sale for $4,304.000. They are under contract to'sell it to the Union Discount Com- pany for $4.500,000. In buying in the building the re ceivers assumed mortgages totaling $3,000,000 held by the Prudential Li Insurance Company and the Harri- man National Bank of New York Local Stock Trading. A rise of 11; points on a ten-ghare sale of Washington Railway and Electric Company preferred stock to 72 featured this morning’s short ses- sion on the local board. Washington Gas 6s of 1933 wer: in good demand, $2,000 selling ! 100% and 100%. Railway 4s sold 70% and Capital Traction s brought 4. Hendley Ends World Tour. Charles M. Hendley, director of Federal-American National Bank, bas been touring the world during ti past two years, has returned and i again atténding Board meetings. COTTON ADVANCE COMES TO HALT Week-End Trading Barely Steady as Buying and Selling Are About Even. By the Associated Press. NEW YORK, October 27.—The cot- ton market was barely steady during today’s early trading. There appeared to be & good deal of reactionary sen- timent following the advances of the earlier week and the sellers prob- ably found some encouragment in rumors of an easier basis in some of the eastern belt markets. On the other hand reports from the domestic goods market were more favorable, and on the whole, buying and selling orders appeared to be pretty well divided. The opening was barely steady at & decline of 7 to 15-points on_present crop positions and 30 to G5 points lower on later months. After selling off to 30.00-30.48, however, December rallied to 30.54, while March stiffencd up from 29.89 to 30.00 and prices held within 7 or 8 points of last night's closing quotations during the first hour. New Orleans Market Uneven. NEW ORLEANS, October 27.—Weel end liquidation of long contracts put the cotton market down on the open- ing today, but soon after the open- ing, unfavorable weather accounts from the western belt put it back up again. The initial losses amounted to 16 to 21 points, while at the end of the first half hour of business prices were 1 down to 6 up, compared With the last sales of yesterday. December traded down to 29.98 and then up to 30.18. Points in west and north Texas and in Oklahoma told of much rain falling and some of them stated the outlook seemed to be for a wet freeze. Closing Cotton Prices. YORK, October 27.—Cotton closed steady; ~December, 30.69 to 30.72; January, 30.16 to 30.18; March, 3016 to 30.17: May, 30.1 July, 29.59 to 29.60. Spot cotton quiet: middling, 31.75. NEW ORLEANS, October 27.—Cot- ton futures closed steady at net gains of 4 to 8 points; December, 30.19-2: January, 80.05-10; March, 29.96-9 May, 29.83-84; July, 29.31. NEW futures none; 30.50; good middling, 31.6: ———— PACKARD EARNINGS UP. NEW YORK, October 27.—Net earn- inne ot the Packard Motor Car Com- pany for the fiscal year ending August 31, 1923, were $7,081.499, as compared with $2,115,828 for the preceding year, the compsany's annual report dis- cloges. Sales of gervice parts, marine and aviation en- s for the year amounted to $55.- e‘il'g:ss, as compared with $37,988,499 in the previous year. The number of vehicles sold totaled 21,571, against 14,420 the preceding vear. _"Cash and marketable securities on hand, chiefly United States govern- ment bonds, the report disclosed. passenger cars, trucks, | amounted to $16,636,105, after the re- tion of all outstanding bonds g:n':zntlng to $7,400,600, and after making_provision' for the preferred stock sinking fund. Cash dividends of 10% per cent were paid during the year on the company’s common stock. NEW YORK DAIRY PRICES. NEW YORK,, Octcber 27.—Butter— Firm; receipts, 7,083 tub higher than extras, 49%a5 extras (92 score) 48%ad9. Eggs— Firm; receipts, 9,455 cases. Cheese— unsettled; receipts, 66,911 boxes. RAW WOOL STRONGER. TON, October 27 (Special).— ThaOiocal vaw weol markets ended the week on an optimistic note, strength- ened by the strong tendency shown at the London auctions. The export movement continued to show strength 2s @ result of the higher prices abroad.