Evening Star Newspaper, October 28, 1923, Page 81

FINANCIAL 'THE SUNDAY “STAR, WASHINGTON, D. O, OCTOBER 2, 1993_PART 6. S e FINANCIAL, 50D suumARY FOR TREWEEK § CIISHIEN 98-5 Liberty 3158 1932-47 100-2 ' 99-26 100~ 96-12 Liberty 2d 4s 1927-43 High, Low. Iast. Yield 860 WEEK ENDED OCTOBER 21,1923 l'l.&BflN!lS*STRflNGI NEW YORK_STOCK EXCHANGE DURING PAST WEEK High-Grade Rails and Indus- trials Also Display Im- proved Tone. TRADE QUTLOOK PUZZLING Price Trend Also Unoertain in Un- settled Security Markets—Big- gest News From Abroad. BY GEORGE T. HUGHES. Bpecial Dispateh to Th NEW YORK, October 27.—Moving without ~ uniformity, the security markgts of the week have thrown little u,;m upon ecither the future of Trivestnlent hondl of the first grade, about the quality of which there could be no fossible doubt, have been strong. This Is notably the case with United States government loans. Of course, here there are speclal reasons for the strength, notably the suppart of purcha fund und possibly for the account of the British government as well. the latter being connected with the next payment of int on the interna- tlonal debt of Great Brituin to the United States. Under the funding agreement liberty bonds are taken at par for the purpose of these interest remittances. These reasons aside, r. it ig fair to assume that bonds have improvement displayed by the high- grade rails and industrials. All this is In accord with precedent that when there is uncer- it only m tae minds of the timid. Many Violent Declines. On the other hand there huve been sharp breaks in certaln speculative cities, both stocks and bonds, has been doubt about elther Um particular corporation in- Yuived or about the industry in which chiefly engaged. In § oil, copper, rubber trades. The ofl situation is known. Preduction continues to e: cved consumption. There has be great ssion in the market for copper. I street sentiment as to the rubber tire outlook is still ufacturing AppoInting r-port this the shar-s of the t Do of activity suffered cordingly. Of equal interest was the sudd and wiolent decllne in both Londs and stocks of one or two cailrcads with marked heaviness in others. 'n were there any new facts ers Involved nor was rafiroad situation any t, if any ng, It is bet- n the road, the securities of which sustained the greatest loss, reports earnings far ahead of the cove responding period of & year ago. 4 Some Resistance Noted. 1t is. of course, a matter of dersonal | opinion just when railroad shares will have discounted the unfavorable tures of the situation. The St 1 has shown marked recovery in ing power this arie re mndmg operation some P h have failen off, hav. ies to meet:n And it Le expected that agricultural depres- sion there will continue indefi Undoubtedly also eventually will be traffic enough for all thres. It would give a false impression to dweil upon these weak spots in the security markcts without pointing out th 1ble resistance to sell- ing pre: own elsewhere in the ilst. St quipment, automoblle and utility 'shaies havc been only | alightly affected. Ferhans s s moro remarkable in the case of mo- tor stocks thun anywhers elfe. in view’ of the exaggerated pessimism | with which rrefessfonal. Wall street professes to view the immediate fu~ ture of the automobile industry. Netwithstanding all the talk about overproduction, intense competition and the approach of the saturation point, automobil s0emed this week fairly to have anced the risk with the return ol ihe investment. The automobile husiness confounded the prophets #0 often that it takes more than the ordinary assurance to set a limit to it expansion. or:ign News Most Vital, The most important development of the week was the publication of the correspondence between the gov- ernment of the United States and Great Britain relative to the Euro- yean situation as a whole and (o (he reparations problem particular. oy st an Inaketion ot willing- ness on_the part of the administra- tion at Washington to extend a help- ing hard. highly encouraghg. There ¢ » disputing the pron- osition that our own industrial and acoromic fabric is closely interwoven with European affairs. And yet the markets, with the exception of the forelgn exchanges. paid little atten- tion to the news. It may be that this apparent indifference is due to the difficulty of foreseeing just what will Ve the next step. It is more prob- able that the buyers and sellers whose operations control our markets have so lone been absorbed in considera- tion of domestic trade and industry that it has become a habit to ignore affairs abroad. Prices Versus Consumption. For the present attention s con- centrated upon conditions at home, and most important of these is the attitude of the ultimate consumer. Perhaps this is best illustrated in the matter of cotton and cotton goods. The supply is admittedly short, tha price of the raw material is at its high point. but the manufacturing consumer is nbt going ahead any faster than he feels reasonably sure the retail trade will allow. In a sense it may case. How far can prices be raised with- out checking consumption? The swer is not yet plain, and until it the business interests involved are taking no chances they can avold. All of which is reassuring rather than ptherwise. (Copyright, 1923.) RALLIES IN COTTON: Early Reactions Largely Made Up in Saturday Trading. NEW YORK, October 27.—Early re- potions were followed by rallies in the cotton market thiz morning, re- sulting largely, 1t seemed, from re- ports of an_ improving demand “for potton goods. January _contracts, mfter selling off to 29.88, advanced to 30.21 and closed at 30.15, with the general market closing very steady @t net advances of 3 to 16 points on @1l months except next August, which was 16 points net lower. December rallied from 30.48 to 3 wwhile March sold up from 29. 80.21. The close was just. a few lnla off from the best under realiz- g. Private cables réported a very qufet market in Liverpool, with more disposition to liquidate long con-. tracts, but said there was a tontinued good ‘trade demafd. Sales of print cloths in the Fall River ket for the week wera estimated at 130,000 pleces, the largest business for some time, although its volume was qual- ified to some extent by the fact that it was mostly in light goarse mate- uxfals, which renrenue a compara- @vely small poundage. # o High. Low, % 1284 114% 16! 108% 961 33% 68% 43 136% 99 cen sharing the | —_~ "7 108 91 85 83 19%° e85 11% 614 161% 119% 105% lnou. 12% 1% 20% 3 48% 1214 644 Sl 10% 3% 107 107% 614 62% 1074 100% 10% 8% 218 75 103% 176% 19% 10% 2T% 12% 1065% 961 8% 3% 175 66 83% 65 190 136 regarded as o test | 9% 61% 27% 19% 27% 10% 116% 97% 116 106% 26 12 % 206 126 53% 24 22% 10 Ba% 34% Week ending omur 2, nu Wet. Low, . Chge. 68% b Adams Expres! 6% —— Advance Rumley. ... 58 4 AfrReduction. Allied Chemical & Dye. Allls-Chalmers Mfg. .. . Am Agriculture Chemlical. Am Agriculture Chem pf.. American Beet Sugar. .. American Bosch Magnet: Am Brake S & Foundry. American Can American Can pf. Amerjean Car & Fou: Am Chainclass Awi. American Chicle. AmericanCotton Amerdean Sotton Ol bt .- Am Drugglst Syndleate. .. American Express. Am Hide & Leather pf. ‘American Ice. American lce pf. Amertean International. Am La F Fire Engine. American Linseed. American Linseed pf Am Locomotive (new) American Metal American Batety Rasor. ‘Am Ship & Commerce American Smolting & Hef. Am Smelt & Refining pf.. . Amertcan Steel Foundry American Sugar Refining. American Tobacco, Am Tobacco Cla Am Tobacco pf (new Am Water Works & Elec. . Am W W & Elec par pf. Am W W & Elec 1st pt American Woolen. American Woolen pf —— Am Writing Paper pf. —— American Zinc L & S pf. 8 Anaconda Copper. —— Arnold Constable & Co. 98% 6 Associated Ofl. 25 150 Associated Ofl (new).. #4 6 Atchison, Topekn & SFe.. €6% 5§ Atch. Topeka & S Fe pf. 109% 7 Atlantic Coast Line. 9 — AtlantloGulf & WI. —— Atlantic Gulg & W I pt. 9 4 Atiantie Refining. 4 Atlas Powder (new). —— Austin Nichols 3 Auto Knit Hos 7 Baldwin Locomotive 5 Baltimore & Ohlo 4 Balt!more & Ohlo pf. — Barnsdall. Class A uk Bros Beechnut Packing. Bethjehem Steel . Bethlehem Steel pf new. Booth Fisheries Rrooklyn Edison Electrle. Erookliyn Rap Tr full paid Brown Shoe . Burns Bro - Burns Bros Class B Butte Copper & Zinc Butte & Superior Butterick Company. California Packing i California Petrolm California Petroleum pt lahan Zinc & Lead. adian Pacific. e (I ) Thresn Mach. Central Leather Co Central Leather Co p Central Railroad of Cerro de Pasco Copper. Chandler Motor. Chesapeake & Ohlo. .. Chesapeake & Obio pf. Chicago & Alton. Chicago & Alton pf. Chicago & East 1llinol: Chi & East 1llinois pf. Chicago & Great Western. Chicago & Gt Western pf.. Chi, Milwaukee & St Paul. Chi, Milwaukee & St P pt.. Chicago & Northwestern. Chteago Pneumatic Tool. . Chicago, R 1 & Pacific. CRIRI & Pacific 6%. Chi R 1& Pacific 7%. Chicago. St P, M & Chile Copper. lllll|l|$-°~5|l Colorado Fuel & Tron. Colorado Southern Columbia Gas (new) Columbia C Commerclal Commerctal Comput Tab Record. ...... Congoleum Company. Consolidated Cigar, Consolidated Gas new. AZV. 4 Continental Can. —— Continental Motors. llfli 22% |:=| |.:m|.m| g % Corn Products Ret ——— Cosden Company 7 Cosden Company 4 Crucible Steel. 3 Cuban-America: 3 Cuba Cane S8ugar —— Cuba Cane Sug: 4 Cuyamel Fruit. ~—— Davison Chemical. 3 Deere & Copf.. 9 Delaware & Hudson. . 6 Delaware, Lacka & West. . 8 Detroit Edison. Dome Mines Du Pont de Nemours. Eastman Kodak. Eaton Axle & Spring Electric Storage Bat! Endicott-Johnson. Endlcott-Johnson Erie Rallroad Erle Railroad 1st pf. Erie Rallroad 2d pf. Famous Players-Laskey.. Famous Play-Laskey pf. . Federal Mining & Smelt 7 Federal Min & Smelt pf. 6 Fldel-Phoenix Fire Insur. 64e Fifth Avenue Bu 48 Fleishmann Company. € Foundation Company. 9% —— Freeport-Texas... 7 General Am Tank p! General Asphalt. General Baking. General Cigar.. ... General Electric. General Electric special. General Motors General Motors pf. . General Motors 6% deb. General Motors 7% deb, Gimbell Brothers. —— Goldwyn Pictures. — Goodrich (B F) Company. _7_ Goodrich (BF) Copt. ... Goodyear Tire & Rub pf "8 Goodyear Tire & Rub br pf. 12 —— Granby Consolidated. Gult, Mobile & Northern. uu 1 Gulf, Mobile & North pt. 66% 4 Gulf States Steel... -.80 ~ 7. Hartman Corporation.. 81 3 Hayes Wheel.. 12 .~ Hendee Manufacturin, 60 6 Homestake Mining. 28% 3 Household Products. 40% —— Houston Oil. 20 3 Hudson MotorCar..... 16 1 Huppmobile Motor Car. 108% 7 Illinois Central 23% 2 Inspiration Copper. 4% —— Inter Agricultural pf. 81 3 International Cement. 19% 2 Internat Comb Engin 15 = Internat & Great North 67% 65 International Har, new. 4% —— Inter Merchant Mrain 6 Inter Paper pf stamped 6 International Salt 26% 1 Intertype Corporation. 7% —— Invincible Ofl 32 —— Iron Products. 81% — Iron Prod ctfs ~ 14% 26 62% 81 T1% 148 41 113% 0 IIV"!ll|l|l|+(|||l0||(ll||+l+ Pl i4+ i+ AL L) +41 00040 k400 [ [RENE [T N U S I R R | ++4 T Sl Ol 8 i I | T TR 144+ 1 2ax"F + +hbl+) 1+l ¢ sEFE¥ - & | - F1FLESL S o & OEFEe 12 SRREE e Week ending October 27, 1083, Net. High. Chge, KAnnu City South pf. yser (Julius) & Co. —_— x-ny ¢oringfleld Tire. Kenngeott Copper Kresge (S S) Company. Egent ’! Lims motive. Lorilldrd, P. MclIntgre Porcupine ll ines Mack Trucks. . ruck 2d pt. Manil& Electric. Marke} St Rallway pr pt.. Markez St Rallway pf Marke? St Railway 2d pf. . Marland Oll & Refining. .. Martin-Parry..... Mathieson Alkall. Maxwell Motor, Class A Maxwell Motor, Class B. .. MiddleStates Ofi. Miavals Steel Missouti Pacific pf. Montaria Power. Natlonél Acme National Biscuit Nationgl Cloak & Suit. N Y Alr Brake class A New Yotk Central New York Chi & St Louls. Ney York Dock pf. New Yosk. NH & New Yotk Ontarlo & W Norfolk & Western. North American. Northern Pacific. Ohio Fuél Supply. Orpheum Circuit. Otin Steel. . Owens Battle.. Pacifie Gac & Electric Pacific Mall. Pacific Oi1. Packard Motor Car Packard Motor Car pf. Pan-American Pet Tran Pan-Am P Trans Class Penna Coal & Coke Pennsylvania Rallro: Penn Seaboard Steel. People's Gas . Chicago. Pere Marquette. ... Pere Marguette pf Pere Marquette pr p Philadelphia Company. Puilip Morris & Co. .. Phillips Petroleum. Plerce-Arrow. Plerce-Arrow pf Pierce Ol Plerce Oil'pf Pittsburgh Coal Pittsburgh Coal pf. Pittsburgh & W Virginla. Pittsburgh & W Va pf. Postum Cereal Pr |=~=4-|-;1 J<|==3]~ 4] |~|=~n|~|‘||==~'-| |1|-~=Tn‘a;1- S5 ushy [==] ]2 et S & Public Service new. Public Service 8% pf Pullman Ce.... 108 189% 105% 58% 30% 38% 26% mnsmqlualm" | | |n8.=m.nlu-uaq " 5 12% Ray Consolidated Copper. Reading. Reading 18t pf. Reading 2d pt. Remington Typewriter Replogle St2el. Republic I n & Steel. Republic Ir & Steel pf. Reynolds Spring. Reynolds Tébacco. B. Reynolds Tébacco pf. Royal D N rishs. StJoseph L...... @ -l @ - ® l St Louls Southwestern pf. Savage Arma Schulte Stores. Sears. Seneca Copper Shell Trad & Transport. Shell Unton Gil Shell Union Gil pf. Stmms Petroteum Sinclair Con Of1 pt. Southegn Raiiw: Southern Raliway p! Spicer Manutacturing. Standard Oil of Californ! Standard Oll of N J. Standard O1l of N J pf. Studebaker. Submarine B ‘Tennessee Coj Texas Company ‘Texas Gulf Sulphur. ‘Texas & Paci Texas & PacificC& 0. Third Avenue Tide Water Oil. Timken Rollex Benr ‘Tobacco Products. Tobacco ProductsClass A, Tobacco Prodwcts pf. Utah Copper. :. Utah Securities. . 45 5 — wmwlr-s i —— Wilzon & Co: W 5 — W scOveriand. ... 48% — Willys-Overland pf. 23 —— Wisconsin Central 199% 8 Woolworth (F W)..,. 6 Youngstown Sheet& T , mfla.nfa.lml as tlr:am‘ In the A]l;ovi u’m-‘ are a.u an based on the lest quarterly or half yearly declara . soted, ox u’ bfl’.l 1 afe ngt included. t'i!‘ 17% lflfi 52 60% 36% 33% 23% 21% 22% 32% 29% ' 29% VEPEELS [} +Ii+||l|<lllll+|+!II‘II\KIII|+++|III||| (RN (RS L2 T O R S trrren 100 LR S A5 oot I I I T S I 5 T O L | I+1+1+) e RN A el b RESRE RE2R pAE e & Frrd P4 LRI FECELL LR LR et e+l sSesraraeed™E [ I U I I T 1% % — 1% +16% 63% 62 - 62% — 1% Unless otherwise rtly extra. inyal cash payments'} 96-20 Liberty 1st 4% s 1932-47. 96-24 Liberty 2d 4%s 1927-43.. 97-25 Liberty 3d 4346 1928.. .. 96-27 Liberty 4th 43;s 1933-38 98-1 Treasury 4%»® 1947-52... FOREIGN, {100 Argentine 7s 1927. 83 Belgium 7%s 1945. 93% Belgium 6s 1925... 91 Belgium 8s 1941. 69 Bordeaux 6s 1934. 91% Brazil §s 1941. Chile 8s 1926. Chile 88 1941. 92% Dutch East Indies 68 1947. 92% Dutch East Indies 65 19624 - - 88% Framerican Ind Dev 7%s 1943 884 French Govt 8s 1945. 85 French Govt T%s 1941. 78% Holland-American & f 68 1947. 90% Japanese 1st 4%s 1925. m:. Japanese 2d 4%s 17 % Japanese 4s 1931 * Jergens Utd Mar, Mexico 4s un Norway I‘aru-Lyon' Had 63 195! Queensland 7s 1941. Queensland 6s 1947. Rio de Janéiro 8s 1946. Sao Paulo, State of, 8s 1936. Seine, Dept of, 78 103% Sweden 6s 1939 112 Swiss Confed s £ 8s 1940. 109% United Kingdom 5%s 192! 100% United Kingdom 5%s 1937. INDUSTRIAL AND mu(rl:l.l.uilatms’;9 % 96 Amnier Agri Chemical 7%s 1941.. 86% Amer Smelt & Ref 1st 5s 1947. gar Refining 6s 1337 Amer Te Amer Tel & Tel el tr 82 Armour & Co 4%s 1939 96% Atlantic Refining deb bs 953 Bell Tel (Pa) ref 58 1948 864 Bethlehem Steel p m bs 1936 96 Bethlehem Steel s f 63 1943. 107 Brooklyn Edison 7s D 1940 943 Central Leather 5s 1925 115 Cerro de Pasco 85 1931. 96% Chile Copper 6s 1932. 841 Cons Coal (Md) 1st ref 5s 1950 871 Cuba Cane Sug cv deb 8s 193(. 101 Detroit Edison ref 65 1940. 106% Du Pont de Nem 7%s 1931. BRYy pire Fuel & Gas 7%s 1937. 991 General Electric deb bs 1952 46% Goodrich (B F) 6%s 1947. Goodyear Tire 8s 1931. Goodyear Tire 8s 1941. . Humble Oil & Ref 5145 1932, Indlana Steel 5s 1952.. Inter Mer Marine 6s 1941 Inter Paper 58 B 1947.. 4 Kelly-Springfield s 1931 Lackawanna Steel s 1950. Liggett & Myers 6s 1951. Manati Sugar s f 7%s 1942 Midvale Steel 55 1936 1 New York Tel 6s 1941. New York Tel 4%s 1939. North American Edison 6s Pacific Gas & Elec bs 1942 Pacific Tel & Tel 53 1952. . Philadelphia Co ref 6s 1944. e 55 1959. inclair Crude Oil r‘/.s 1 South Porto Rico Sugar 7s 1941. Union Bag & Paper 68°D.......- United Drug cv §s 1941., + U S Rubber 1st & ref 55 1947. U S Steel s f 5s 1963 Utah Power & Light 68 1944 Va-Carolina Chem s f 7s 1947... -Carolina Chem 7%s ‘37 whr. Western Union Tel 6135 1936. Wilson & Co 1st 65 1941.... Wilson & Co cv 7%s 1931. RAILROAD, 84% Atchison gen 45 1995 Atlamtic Coast Lino 1st 43 1852, 3% Balto & Ohio pr In 3%s 1925. Balto & Ohio gold 45 1948.... Balto & Ohio 68 1929.... Balto & Ohio cv 415 1933 Balto & Ohio ref 58 1995. . B&O Pitts LE & W Va 48 1941 B & O Southwn dlv 3%s 1925.... Canadian Northern 6is 1946. Canadian Pacific deb 48. Central Paclfic 4s 1949.. . Chesapeake & Ohio cv 55 1946 Chesapeake & Ohio cv 435 1930, Chesapeake & Ohio gn 43s 1992 Chicago & Alton 3s 1949 icago & Alton 31s 1950 96% Chi B & Quincy 1st ref 5s 76 Chi & Eastern Ill gen 58 195 44% Chi Great Western 4s 1959 47 Chi M & St Paul ref 434s 2 52% Chi M & St Paul cv 58 2014. Chi M & St Paul cv 414s 193 77% Chi M & St Paul gen 4%s 198 106 Chi & Northwestern 63s 1936 73% Chicago Railways 5s 1927. 7215 Chi R I & Pacific ref 4s 1334 87% Chl Union Station 4%s 1964. 11215 Chi Union Station 6%s 1963 1 681 Chi & Western Ind con 4s 1952.. 100 CCC & St L ref 63 A 1920..... 10134 Cleveland Term 5¥s 1973. It 8035 Colorado & Southern 4%s 1935.. 82 Cuba R R s 1952 97% Delaware & Hudson 534s 1937.. 69% Den & Rio Grande conds 1936. . “41% Den & Rio Grande 1st Tef 5s 1955 §2 Detrolf United 43s 1932 543 Erle 1st con 48 1996. 431 Erie gen lien 45 1996.. 413 Erie cv 48 A 1953.. 434 Erie cv 4s D 1953.. 102% Grand Trunk s f deb 6s 111% Grand Trunk 7s 1940 105% Great Northern gen 7 95% Great Northern gen 5l%s 195 767 Hudson & Manhattan ref 5s 19 55. Hudson & Manhattan adj 5s 195 100 Illinois Central 5gs 1934. 56 Inter Rapid Transit 5s 196 $4% Inter Rapid Transit cy 7s 19 Inter & Great Nor adj 6s 1952... 65 Kansas City Souihern 3s 1950. 83 Kansas City Southern 5s 1950 92% Lake Shore 4s 1928 903 Lake Shore 4s 1931 100% Lehigh Valley 6s 1928.. 87% Louis & Nash unified 4s 1340. 101 Louls & Nash 1st ref 5%s 2003. . 88% Market St Ry con 5s 1924. .. . 81 Mil Elec Ry & Lt 1st ref 65 '61. 101% M St P & 8 S M 6%5 1931.. 72% Mo Kan & Tex 1st 45 1990 74% Mo Kan & Tex pr In 58 A 196 48% Mo Kan & Tex adj 551967 85% Missourl Pacific s 1949 47% Missouri Pacific gen 4s 72% N O Tex & Mex inc bs 1935. 101% New York Central deb 6s 1935. . 86 New York Cent deb 4s 1934.... 92% New York Cent ref imp 58 2013. 52 N Y NH & H cv deb 6s 1943, .. 32% N Y West & Boston 43s 1946... §5% Norfolk & Western con 45 1998.. 107 Norfolk & Western cv 6s 1929.. 58% Northern Pacific 35 1947.. 81% Northern Pacific 4s 1997.. 108% Northern Pacific ret Imp 6s 2047 99% Ore Short Line gtd 5s 1946. 90% Ore Short Line ref 4s 1929 76% Ore-Wash 1st ref.ds 1961. 98. Pennsylvania gen bs 1968. 88 Pennsylvania gen 43%s 1965. 106% Pennsylvania 6%s 1936. 20% Peoria & Eastern in¢ 4s1990. 923% Pe! lnnmoue lll 58 1950, 81 Reading ge! 997. 60% Rio Grande Weatern 71% RIArk & L 4%s 1934 78 StLIM&SR&G 4 St L & San Fran prln 4s A 22% Seaboard Alr Line adj 5s 1949.. 58% Seabourd Air Line con 6s 1945.. 90 Southern Paeific cv 4s 1929 $3% Southern Pacific ref 4s 7% Southern Pacific col 92% Southern Ry 1st 5s 1 66% Southern Ry gen 4s 1956 100 Southern R dev 6%s 195 4Y Third Ave adj 5s 1960 88% Union Pacific 1st 4s 1947, ~94% Unlon Pacific ev 4s.1927 90% Virginian Ry 1st 5- 196 % Prev. week's Close. 97-18 97-28 416 Ul 489 I’l-ll 439 ”-l‘ .l-sl l ‘9 97-18 97-30 4 4 99-2 99-9 Aao High.) Low, Last. 1024 101% 102% 99% - 97% 98! 97% 965 10435 103% 103% 102% 104 108% 101% 100% 90% 90 991 99 86% 84 104% 103% 112% 111% 110% 109% 101% 100% 99% 98% 103 102% 108 107 92 90 102 101% 98% 96% 101 99 116% 114 96% 991 8% 83 98% 881y 8214 664 64% 109% 109% % 964 95% 9518 884 85% 96 T8% s llh 111% "% 79% 854 79% 78 107% 107% 7T 6% 4% 74 90 89y 113% 1127% 0% 701 102% 101% 102% 101% 82 s14 974 69% % 104% 108% 89% 88% 95% 94% 54 52 37 354 89% 884 108 107 59% ‘59 83% 82% 104% 103% 101% 101% x| SOME % TOLOWER LEVELS Saturday Selling ‘Pressure Spreads Over Broader Portion of List. RALLY AT CLOSE Tobaccos Sold on Department of Justice Reports—Famous Play- ers Stages Recovery. By the Ansociated Press NEW YORK, October 27.—Stock prices were again unsettled in today's quiet trading, thirty-six issues break- ing through to new low records for the year. *Selling pressure, which recently has been concentrated largely in the rub- ber, sugar, copper and leather groups spread over a somewhat broader list, suggesting the closing out of some weakened marginal accounts. thin market for a few ordi active issues resulted in br to 7 points when they were pressed for sale. Big Stocks in Slump. The customary industrial yielded slightly. if at all. Among those to sink to new low howeve. were such issues as American Sugar common and preferred, Famous Play- ers common and preferred, American ‘Woolen common and preferre national Harvester common ferred, Coca-Cola, Central Producers and Refiners, Smelting and the Market S way Issues. Some of thes: all or part of their losses in sporadic short covering that took place before the close. Most of the high-grade rails heid relatively, although Atchison vield.d fractionally to a mew 1923 minimum as did Frisco common. Tobaecos Thrown Over. Selling of the American Tobacco and Tobacco Products issues was d on reports of a Department of fce inquiry into the trade agrec- leaders : | ment recently announced by the two companies. The brisk recovery in Famous Players was based on a more favorable interpretation of,its rec 23% | deeision to .temporarily suspend 0% | and 20 to 35 baske: "6 j fairly production of pictur The General Motors Corporation announced tod. Works of I into a contract \\|xh field for the purc its tire requiremen does not inciude all t equipment for_ the other General Motors units, as prev iously reported. Exchanges Hold Stendy. Forelgn exchanges heid relativeis steady, demand sterling being quoted 2t $4.49 5-S, French franes around 5.92 cents and German marks at .6 cents a billion. The weekly clearing house statc- ment showed an increase of & in loans. discounts and investm and $929.006 in cash in own va Reserve of mémber banks i eral Reserve 000, net dem its decreas-1 $2.201.000 and time deposits $1.108, week ago. BALTIMORE PRODUCE. BALTIMORE, Md., October 27 (Spe- cial).—Strictly fresh native and n by eggs advanced a cent a dozen 't day, making an advance of 3 cents a dozen over last week's qiotation. The market closed firm at 45 cents = dozea with current receipts running very light on first-class stoc, zood and constant demand pre ing the market practical eggs must be of first qualit top values, as buyers are critical and all held stock has to be sold a* a dis- count Turkeys made their ance on the live pouliry ma week and while demand is light sold voung and old. Liberal however, are not advisan!:, & must weigh at least eight pound over and small, poor ‘urkeys are wanted i Spring chickens are in fairly Mberai receipt, but the demand is easily = isfied and while values have steady prices are mostly it favor at 21 to 23 a pound 20 for leghorns. Old hen large and fat, are gell 22 to 25 for 3% to 42 small fowl and leghorns recelpt and slow sal a 3. 0Old roosters are also plentiful at 14 and 15. Market for ducks rules steady with demand zood | where they run large at ceipts of this sort being ate, but small and p sale at 17 and 18. and slow sale at 20 Guinea fowl in light receipt and Gomana ror Tarke youni at 65 cach jand 40 to 50 for small. The white potato market rulo steady, with little change noted fra last week’s quotations. Demand fair- 1y good, but centered on No. 1 well graded stock at 1.75 to 2.00 per hun- dred pounds and 75 to 1.00 S 150-pound bag lots bring ® and 1.00 to 1 No. Sweets and vams a ceipts, and the market rules firm un- der bettér demand for No. 1 regular stock, Which sells 250 to 3.00 barrel to_1.50 for No. 2. Bush kets 25 Naitve and nearby garden truck continues in fair receipt and values rule easy on most lines under slow demand at_the following guotations: Beans, 1o 1.75 bushel. Limas, 2.35 bushel. Beets, 2.00 to 3.00 . Broccoli and ki Cabbage, 4.00 Caulifiower, 3.0 to 450 barrgl. 15 to 30 dozen. Lettuce, - to 1.00 bushel. Onions, 2.00 to 3. hundred- pound smcks. | Oyster plants, 5.00 to 700 hundred. Parships, 50 to 60 bas. ket. Peppers, 25 to 60 sket. Pump- .00 to 10.00 hundred. Spinach, 60 to 75 bushel.’ Turnips, 40 to &y bushel, and tomatoes, 40 to 50 basket and 60 to. 76 bushel for packing stock. Packed stock apples are in fair de- mand and market rules steady for smooth table varieties and 3.00 o 4.50 barrel and 2.00 t 2 2 Bushel stock brings 2 quality and condition. Loose apples are playing out and selling very slow at 1.50 to 2.00 barrel, 50 to 75 bushel COTTONSEED OIL JUMPS. NEW YORK, October '27.—Cotton- seed oil covering n{ October shorts advanced that tio! today. Later months cased off 13 to 21 points early, under re stop-loss_selling, but steas at the close which was 2 points net lower. Sales 4,900 barrels. Additional tenders of 2.000 barrels brought the total on October con- tracts up to, 12,900 barrels. Prime crude, 10.00 askéd: prime summer .00 bid. October ecember, 11.21 March, , all bid. P/u’()l,ls Minn., October —Flour unchanged. - Shipments. 955 barrels. - Bran, 28.5 95% | No. 1, northern, 1.13 57 9% 79% lu3si. ber, 1.13%: May 1.18 vellow, 86as7. Dats No. 3 ‘Ahhe, slli Flax No. 1, 2.39a2.42.