Evening Star Newspaper, October 29, 1923, Page 20

* 20 MOVES ARE MIXED N STOCK NARKET Pressure Lighter at Opening of Week—Shorts Cover on Further Dips. BY STUART P. WEST. to The Star. October alofg as the market most of week. Weakness in specialties, 1 with vigorous pressure by r interests, unsettled the list at 1imes, but did not bring about much liquidation. On the one hand there was little inclination to rally. On the other hand advant was evidently taken of such further dips as occurred to buy in short contracts in arge a quantity as could b done without Lidding up price Prairic 0l Dre With the announcement of the between I'raivie Oil and Producer: ners, the full on for the in’ the common shares of me ar oOn r te Refiner as they 1y and just below 19 the latter stock. Producers and ers preferred. which will be hen- ¥ the deal, r quite sharp- There was some selling in Mar- and several of the other oil ground that the comparativel able terms secured by Pro- 5 wis @ practic s to the chi Epocial Dispat IW YORK, ket folluwed same line fresh k Explained. deal the basis of on Produce work out atic today Vit of evidenc L the posi cerns wi eneral Motors ¥ was difficult to work out the new ving the for the utive partne It was th 1 put befor With Gen- round ©of the company ship in the moxt compl Wall street eral Motors 14, the offer 10 per Took bul that over four-fifth will be made in the preferred stock, and th 1 whether this new - market at par rthwestern railwa @ very disuppoint Septembe « day. These showed for T at Northern 4 r the better in net in- du the cutting dinary appropriations new que sue would find hares made jonse to the nts_out th Northern ific and G remark- . change identl down of extra for mainte Sugars Go Lower. . It was a ver: special lssues use of the fined sugar. pound. The Marines Sug: r further reductic this t Inter; & tuation Vivaudou claration of the Royal Duteh con Chesapeake and Ohio pong the r ing the drop of over a point hares of the Cuban further Cuban- } at that per cent. has turned an up on the dividend its advance, ain stood out profits re believ which have run at a ra rgin over the $3 divi- substantial m dend. Allis Ckalmers Gets Orders. The significant thing about the port of the Al turing Compa and the first n provement wh business. of until tember of the third qua 770,000 tember re- third quarter hs is the im- ch has occur: ed orders on h Unfilled orde 4 equal to rate of over $7 3 for the first nine months totaled $3.8: a share after charges and preferred dividends, as against the $4 dividend requirements for the full twelve months. An opinion regarding the street railways situation h received from the San Francisco cor- respondent of a prominent ¢ York stock exchange house. It in ubstance, that there iS no apy ason for the weakness in the street railway securitie ss better than cxpec city of San F 11 probably have no troubl rying through whatever pl for financing the purch properties. Exchaus Forelgn exchun ng further to intimidate the short account, slipped away quickly: ster- getting down over & t. But other direction Poincare peech was not ne in reaction aft far enough the real staple siers more relue stde. Mar- that in car- it has se of the Rates Slip OfF. tes, with noth- lerate offerings of while making spin- ant on the buying arp Run-Up in Dupont. A sharp run up in Dupont to al- most 130 was an incident of the aft- ernoon. The buring was stimul by a report that the Dupont Company would turn in its quota of Gene Motors co G e cash to allow dividend, if not a perma in_the rate Steel shares held in chec! the United St third quarter, make a relative the record stands now, of the steel ompanies which have reported. Re- public Iron and Steel did well, Beth- lehem Steel carned slightly more than dividend requirements and Colorado Fuel and Iron and Raplogle had deficits. CLOSING IS TRREGULAR. the expectation that teel report for the Tuesday, would howing. As tes du Buying Orders Increased in Day's Final Trading. By the Associated Press. NEW YORK, October prices displayed a reactionary tendency In the early part of today's stock mar- ket, but stiffened later on short cover- ing apparently induced by the concerted buying of special issues, notably du Pont. Sales approximated 625,000 shares, The closing was Irregular. Buying orders increased in the late afternoon with, a_good demand noted for several rallroad shares, notably Northern Pa- cific, Baltimore' and Ohio and Chesa- peake and Ohio. Marine preferred was consplcuously strong. ; TREASURY CERTIFICATES. (Quotations furnistied by Redmond & Co.) ——Noon.——— Bid. " offer. 99 15-16 100 100%, 1007 100516 100 7-16 99 15-16 100 1.1 D 901116 9974 * 1005 1926, 16 A3 March 15, 192 413 June 15, '19: 43s December 15, 43s March 15, 192 Aigu September 15 43,5 March 15, 1927 43ks December 15, BAR SILVER QUOTATIONS. LONDON, October 29.—Bar silver, pence per ounce. Money, 21z per cent. Discount rates: Short bills, 2 15-16a8 per cent; three-month bills, 31-8a 3.1 New York, October 20.—Bar sil- ver, 683 ; Mexican dollars, 487%. FINANCIAL. 5| Am Tobacco. .. | Am Tobac (B). © | Chi Mil & St P. s Manufac- | 1, | 20.—8tock THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Dicect to The Star Office Low. Close. | 6% 6% i Manhat Shirt 62% 6214 | Maracaibo 0i1.. 6% 6% MarketStR2d % 1 Market St pf. 96 96 |Market St prior. 60% 62% ; Marland Oil. ., 38 39% | Mathison Alkiil. 11 11 |Maxwe Open. High. Low. Close. 405 40% 40% 40% 18 18 18 18 16 1% 14% 25 28 28 56w B8% 20% 0% 33% 41 124 863 9% 10 20% 5 25 1% 10% 26% B 22% 59 22% 8 13 82 85 46% a2 2 54 Open. High. Sla oW 62% 62% 6% 6% 1% 1% 96 96 611 624 38 39w 1% 11% | Adv Rumiey. Alr Reduction. Ajax Rubter. , Alaska Juneau. { All Am Cable | ANfed Cuem. .. ‘Allis Chalmers. Am Agr Chem.. Am Ag Chm pi 30% 30% 30% 30% Am Reer Sugar 30% 81 304 81 | Am BrShoe pf.. 104} 104% 104% 101% AmCas o1 92 0% 92% AmCar & Fav. 155 186 155 156 Am Car & F pf.. 121% 121% 121% 121% AmChain (A).. 21% 21% 21% 21% Am ChicleCo... 11% 1% 1% AmCotton OII.. 5% b% Fo AmCotOfipe.. 1% 17% el Am Druggist 54 5% B% AmH& leapf. 33 83 = AmIce... 80 80 n AmInternatl... 18 19% Lh AmLa France.. 11% 11% Este AmUinseed.... 15 15 » Am Linseed pf.. 20% 29% o Am Locomotive 68% 68% SeN A Motaln, 4% % el { Am Metal pf 110 P Am Radiator. . 80% o Am Roll Mill pt. 9% s | Am Sare Razor. 5% Lo | Am Ship & Com. 10% 10 | Am Smelting. .. 53 5 Am Smelt pt. 95% 95% | Am Steel Fdy B8N IR | Am Sugar. LI o | Am Sumatra. 1% ATi | Am Tel & Teleg 128% lon 147% 147% 144% 68% 2 614 32% 90 14% Miami Copper. . Middle St Of1 Midvale Ste Minn & St L (n). Mo Kan & Tex. Mo K & Tex pt Mo Pacific. Mo Pacific pf.... Montana Power. Montg'y Ward Mother Lodq Mullins Rodv Munsingwear. Natl Acme. Nat Biscuit. Nutl Enamel. . Natl Ry of M 2d. Supply pt. . Nevada Copper. NOr Tex & Mex N Y Afr Brak N Y Central |NYC&StL (n) NYC&StL pt(n). N Y Dock pf.... NYNH&Hartfd. Y O & Westrn. 14% 1034 | Am Waolen 20, | Am Writ Prot Am Zine & Lead Anaeondi | Armour & Co pt ! arnotg | Assets R, Asso D Goods [Avrm-on { Atlan Cst Line | Atlantic Gnit. | At Gult pe. Atlas Powder. Auto Knitter. Baldwin Loco. Balto & Ohlo. .. North Pacific Ohio Fuel Sup. . Oklahoma Prod. Orpheum Circull Otis Steel. . Owens Bottle Pacific Develop. Pac Gas & Elec. 51% 31% Pan-Am Pete. Pan-Am P (B). Parrish & Bing Fenn Conl & Cke Penn Edison pf Penn Seabd st Pennsvivania. . Pere Marquette. Philadelphia Co Philip Morris. .. Phillips Pete. Phoenix Hoslery “lerce-Arrow . ree-Ar pf. Pierce O11 Pierce OIl pf. Pitts Coal Pitt & W Va. .. Pitts&W Va pt. Postum Cereal. . Pressed Stl Car. Pressed St C pt. Produc & Ref. Prod & Ref pf. .. "ub Service Pub Serv 8% pf. Pullman Co Punta Alegre. Pure OMl... Railwav Stl Sp. Ray Con Copper Reading....... Reading 2d pf.. Remington. Rep Ir & Steel.. Rep Ir & Stl pt. Reynolds Spr Rey Tobac (8). Royal Dutch..... St L & San Fran L&San Fr pf. St L Southwn St L, South pt. Schulte Store: Sears Roebuck. Seneca Copper. Shell Tr & Tran. Sheil Unlon Simmons. ... Stmms Petrol Sinclalr Ofl. Skelly Ol S Porto Sug South Pacific. Southern Rwy. . Southern Ry pf. Spicer Mfg Co. . St Otl of Calif Stand O!l of N J. StOll of N J pt. Stewart-Warner Strombg Carb.. Studebaker.... Submarine Bt. Superior Oil. Sweets Coof A.. s Tenn Conver... 8 Texas Company 39% Tex Gu!? Suiph. 57 Texas & Pacific. 16 Tex&PC&ON. 64 Tide Water Oll. 100 Timken Bearing 33% ‘Tobacco Prod 64 ‘Tobacco Prod 87 Tobacco Pro pf. 114 TransContOU.. 1% Underw'd(new). 36% Unlon Bag & P.. b1 Cnion Pacific. .. 1273 Unlon Pac pf. 2% Un Alloy Steel.. 80 United Fruit.... 171 United Ry Inv.. 8% Utd Ry Inv pf’ 28 USCastIPipe. 35% USFood Prod.. 4% USHoffman M.. 14 ! SIndus Alco.. B0% U SIndAlcopf. 96% s U S Rubber..... U S Ltealty. 8939 USRub Istpf.. | Barnet Lea pf. . oth Fish, Em Stl 1st pt 52 fan Tr. irkin-Man T pf. Burns Bros (A) | Rurns Rros (B) Burns BEros pt butie Copper. Butte & Super, Butterick. Calif Pack Callf Petrol “allahan Zine Calumet & Ariz. Canadian Pac. Central Leath. . | Cent Leath pt “erro dé Pasco. Chandier Mot. . Chesap & Ohlo. . Chi & Sast 111 Chi Grt West. .. Chi Great W pf. IH | Chi Mi) &St P pt | Chi & Northwa Chi & Nwnpf... Chi Pnea Tool ChiR1& Pac. . Chi R 1&P6% pt. Chi R I&P 7% pt Chile Copper i « olo Fuel. “olo & South . Colo & Sou 2d... ciumbia Gas "olumbia Graphb 1Col Graph pf.... ! ~clumbn Carbor | Congoleum Co. . ConsCigar. ... Cons Gas of NY. Cons Textile. Cont Can { Continental Mot Corn Products. . Cosden & Co Crucible Steel Crucible Stl pf... Cuban-Am Sug. Cuba Cane Sug. Cuba Cane S p? Cuban Dom'can, Cuyamel Frulc Davidson Chem { De Beers. . . | D Lack & West Detroit Edison Dome Mines Dupont (ED)... Eastman Kodak Elec Stor Bat... Endicott-John. . Endicott-J pf Erie Erie 1at pt s Erle2dpf...... mous Plavers | Famous Play pt. |Fed Mines & S.. Fifith Ave Bu: Fisk Rubbsr. Fleishman.... . Foundation C Freeport Texas. Gen Am Tk Car. Gen Asphalt. Gon Baking. Gen Cigar. Gen Electric. Gen Elec spl. Gen Motors.. .. Gen Motors pt. . | Gen Mot 6% deb. | Gimbel Bres. ... | Goldwin Corp | Goodrich. | Goodyear pt.... Granby Consol. Gt Northern pt. | Great Nor Ore. | Greene-Canan. . Guantana Sug.. | Gulf St Steel. Harbishaw Cab. { Hartman Corp. . i Hartman rights. | Hayes Wheel | Homestake. ... Housen'd Prod. . { Houston Oll Hudson Motors. Hupp Motor! Hydraulle Stl Illinols Central. 103% Ind Oil & Gas. .. 4% Inland Steel pf. 101% Inspiration 23% InAgChemical. % inAgChempf.. 4% in+« vmbust E 21 Int & Grt North. 183 Int Harvester 68 Int Harvester pt 106% Int Mer Marine. 7 int M Marine pf. 27% int Nicl 10% intl Paper... 2i% int Tel & Teleg. 64 Intertype Corp. 30 invincible OIl % Island Oil.... % Jewel Tea. 15% Jones Tea. 26% 16 33u 22% 29% 1% - 250 1167, 80 61% 963 79% 61% 9% 9% 3 234 1 171 B4 36 9ol 8l 321 8214 19% 8T 118% 56% 28 ks 23% 167 U S Steel pt. Utah Copper. Vanadium Corp. Va-Car Chem. Va-C Chem pf.. Vivadou Wabash..... Wabash pf (A). Web & Hellbrn. Wells-Fr Exp. . Western Md.... Westerp Md. 2d. West Pacific. Western Unlon. 105% Westhse EI&M. 66% Wheellng&L E. 6 White Eag Oil.. 20% White Motor... 474 White O] T Wickwire. 5% Willys-Overid.. 6% Willys-Overl pt. 67 Woolworth 280% Worthington... 221 Wright Aero... 10% 9 80% 18% 85 8% 14% 1233 105% 66 64 20% 47 LY 5% 6% 68% 282 20% 10% Last, 5 13% 36 8% 14% 12% 105% 6% 6% 207, 4% % 6% 7 6874 284 - % 5% 6% 67 280% 221 20% 10% 10% High. Low. Call Money..... b % HOURLY SALES OF 8TOCKS. 1lam..... 209 000 i2m 819 300 . 414 500 2p.m.....478 100 APPLE DEMAND FAIR. Liberal Receipts Arrive in New York Over Sunday. ‘Special Dispatch to The Star. NEW YORK, October 29.—Fresh re- ceipts of fresh barreled apples were fairly liberal from New York .and other states today. The early morn- ing demand was moderately active for large-sized greenings of fancy quality, and well colored Mclntosh was re- ceived in a siightly firmer market, with dealers asking higher prices for these varieties. Most other red ap- ples met sharp competition from north- western boxed frult. Miscellaneous “A” grade two-and-one-half-inch ap- ples sold from $2.50 to $4, while un- classified brought from $1.50 to $2.50. “A" grade two-and-one-haif-inch green- 27% | ings realized from $5 to $7.50, while McIntosh ranged from $7 to $9 per 28% % \blrl'el. B0% 38 4% 101% 23% 5 4% 20% 18% 66% 1084 7 27% 0% 27% 64 80 % W 16% 26% 16 33% 22% 29% 29% 1% 1% 250 261% 12 12 68% b58% 115 64% 18 6% 86 16% 1% 109 3 64 30 8 E 15% |, 26 16 343 23 Kresge (88). Lee T & Rubber. 12 Lehigh Valley. 58% Lig & Myers pf. l;fl 4 5% 8% 85 16% 70% 109 27% 287 47% 30% 40 Louts & Nash... Mclntyre Por Mack Trucki Mackay Cos Magmu Copper. Mallfnson & Co. Manati Sugar... Man El Inv guar Manhattan Elev —_— Russia leads all other foreign coun- wies 1u tailroad mileage, 38 10% | 27% | By | STAR, WASHINGTON, FIRMNESS NOTED IN BOND PRICES Market Steady as Week Opens—Liberties Strong. Some Issues Follow Stocks. BY GEORGE T. HUGHES. Speclal Dispatch to The Star. NEW YORK, October 29.—The bond market was quiet today but firm, at least, as far as high-grade securities were concerned. Activity was on not so great a scale as last week, but the underlying tone was good. United States gov- ernment loans appeared stabllized around present levels, but there was good inquiry with fractional ad- vances in the prime ralls and indus- trials. Examples were Illinois Cen- tral 5s, Atchison General 4s, Canadian Pacific 4s and Unlon Pacific first 4s. Canadian Northern 6%s was an- other illustration: Here the invest- ment rating depends upon the guar- antee of the government of Canada. It is doubtful whether this bond would sell to yied such a high re- turn as it does, more than 5% per cent, if it _were not selling at a ipremium. The opportunity for ap- preciation of principal Is limited in honds which sell at a premium. It is, | however, an illuminating commentary {on the present investment market when more than 53 per cent may be obtained on a non-callable bond with ars to run bearing t bf the Dominion of Bonds Seek: Stock Levels. An interesting feature was the re- {action of industrfal bonds of various prades to the fortunes of thelr re- spective stocks. _For instance, Ana- conda Copper 6s.an issue of estab- lished investment rating, sagged be- low 95 to a new low record since issued. The debenture Is were equally pressed. The influence at work was the weakness in the ‘market for copper metals and the recent decline in copper stoc In the same maaner Chile Copper 68 pped back fractionally. Union Bag aper 63 and United States Rubber s are other illustrations. As a matter of fact the investment status of all se bonds is probably just as high as ver, but quotations In the present state of the market are sensitive to develop- ments that would érdinarly be ignored. Central Lesithers Hea short:term issues Central rket Street Railway dr There s active demand for short- term obligations just now, bus they st be of the Yery highest grade. Central Leather 53 are secured by a first mortgage on: all the company’'s property. but the effect of the recent Poor earnings statement shows In the market for the bonds. There is no known reason for the break in the Market Street Railway bonds as earn- ing: re good. Much the same today in curities, public onditions prevailed the market for foreign se- Czechosiovak of Bolivia 8= were depressed reason. the French group re was was toward lower On the other hand there was no real weaknes Rails Drift Aimlessly. Speculative rails drifted aimlessly, The outburst of selling last week in the St. Paul and the Missouri Pacific is- sues seemed to have abated, but the bonds showed liitle disposition to rally. —_— Washington Stock Exchange. SALES, . & r. 6s "53—81.000 at $100, Rank—10 at 141, 10 at © 141, 10 at 141 iani—10 t 296, AFTERE CALL, s Ba '33—$100 at 1007, t 100, Call loans, 5 and 6 per cost. BONDS. Bid and Asked Prices. PUBLIC UTILITY. 400 3 & Telga. 434 % & Tel. ctl. tr. 5 Am. Tel. & Tel. conv. Ss. Anscostia & Potomac s. Auacostis & Potomac g . & P. Tel. b.. & P Telephone of VA. pital Traction R. R. & Subur! % o7 k2 95 } Potomue Potumac 1oL 10715 | D. C. Paper Mfg. 6s. | Riggs Realty 6s (long! | Riggs Reaity 5s (short). Mt, Cold Storage 5s.. man Park Hotel o.. STOCKS. i PUBLIC DTILITY. | American Tel. & Telga. Capital Traction. Vashingt NTol & Wanh, Steamboni. b. Rwy. & Elec. com. { Wash. Rwy. & Elec. dtd. Terminal = Ward % 7: ng* i Capital Columbl | Commercial . rict - ‘armers ‘and Biechani Federal-American . Liberty Luncoln National Becos National TRUST COMPANY, Security & Trust. Trust.. 803 85 2 157 | Amerteas h | 12 ‘nion Trust.. Wash. Lown & BAVINGS BANK, and Baving Font” Washiogton.. | Becurity Saviugs an | Bevenun, Bureet. e lagton Mechianica’... FIRE INSURANCE, 28 5! £t g8 American sk Firsmen' National Usion.. TITLE INSURANCE. Columbia Title. 1 Real Estate ent | 01 SDateh Market com: tch Market pfd.s. O o MODOLYPS. - --rs ow YR aividend —— ’ DEAL BY PRAIRIE OIL. By the Associated Press. CHICAGO, October 29.—The Prairle Oil 'and Gas Company has obtained approval of the directors of the Pro- aucers and_Refiners’ Company to ob- tain control of the latter company by an exchange of stock, it was learned today. By acquiring Producers and Refiners, the Prairie company will enter the marketing business. By the offer of the Prairie company, it will exchange one share of its com- mon stock, par vaiue $100, for te shares of Producers and Refiners, par| Value $50, .to the extent of 61 per cent of the latter company's common Ccapital stock. Thié proposal is now gving out by mail to stockholders. Ss and Re- | There was | ‘D. 0, MONDAY, OCTOBER 29, 1925. [eev rorx BONDS s s Recsived by Private Wire Direct te The Star Office. (Bales are in $1,000.) UNITED STATES BONDS. 2 (Fractions represent _thirty - seconds. | Ann Arbor 4s Example: means 98 3-32.) Atchison gen Sales. High. Low. Clos. | Atchison adj s Lib3y . 127 100-2 99-28 9928 | B&Opriniys.., Lib 1st-2d 4% 97-16 97-16 97-16 | B& O gold 4s. Lib 18t 4% 97-22 97-22 | B& O 6 Lib 2d ¢ 97-18 97-18{ B& Ocv Lib 3d 4% 98-24 98-24 | B& O refba. .. Lib 4th 4%s. .1 97-24 97-26| BROPLE&WV 4s. 9 76% 76% 76% US4¥%s1953. 190 99-3 99-5 |B&OSWdivays. 15 95% 96% 5% T i gl:o'r;;uao 48... 7 67 66k 67 A n- 37 Vo, yn-Manhat 6s. 96 65% 65% 66% 2 102 Canadian North 7s. 6 113% 118% 118% Canad North 614, 12 1% 111% D 98% Canad Pac deb 4 80% 804 80% 1004 Car Clinch & O 92 92 92 2 108% 96 95% 96 87 100% 100% 100% 8% w el 4 8% &% HT% 93% 87 86% 87 1004 B4 Bk B4% 7 101% b4k bi% bau 81% 380% 81 8 85 86 98% 98% 98% 76% 76% T6% 45% 45 45 51 B0% b1 49% 48% 49% 53% 53% 63% 6914 69% 69% 52% 52 b62% 107% 107% 107% 6% 76% Ta% 74 90 90 112% 112% 0% 70% 102 102 1021 102% 954 95 83% r3% 84K 84% 98 9TH 69% 69% 1 RAILROADS. Bales. High. Low. Close. -1 65 6565 55 20 89 88% R8% 10 -0 19% 80 10 96% 96% 6% 16 79% 79% 9% 16 101% 101 101% 37 834 834 834 b B3% 83% 3% Low. Close. 101% 101% 8T BTH 984 984 99% 99% 10754 108% 86% 97 78 18 9% 9% 1y 934 99% 100% 101% 1014 100 100 9% 99% 103% 103% 102% 103% 103% _10% 94% 88 884 9% 91k 92 924 109 109% 94K 4% 90% 91 6% 96K 96 96 80 90 98% 98% 3% 94% S1% 1% 81 81 93% 93% 92% 92% 9% 80 79 9% 1% 1% 45% 45% 29 29 96% 96% 110% 110% 93% 93% 9% 94 89 89% 72 72% % 6% 106 106 100% 100% 90 90 89% 89% 99 99 B4% 84% 66 664 103% 108% 112% 1124 110% 110% 101 Belgium 7% Belgium 8s. Ches & Ocv 4% Ches & O gn 414 Chi& Alton 3a.. Chi & Alton 3% Chi B&Q gn 4s'58. Chi B&Q 1st rf bs. , Chi & ETIl gn 6; ChiGreat West 4s. CM & Puget Sd 4s. ChiM&StPre4 ChIM&St P cv bs.. Chi M&St P 4s '25, Chi MES P ov 4348, Chi& NW 6%s Chi Rys 6s. Chi RT& Pac rf Chi Un Sta 4%s Chi Un Sta 6%s Chi& W Ind cn 4 CCC&StLrfésA.. Cleve Term 5% Cleve Term bs. . Cuba R R b8 Del & Hd 15t rf 4s. Del & Hudson Gigs Den & Rlo G cn 4 Det United 4%s Erie 1st con 4s.... Erle con ext 7s. Erie gen 4 Erle conv 4s A. Erle conv4s B. Erie conv 45 D. Gr Trunk st db 6s Grand Trunk 7s. Gr North gen 7s. Gr North gen 5% Hud & VMan ref 6s. Hud & Man aj 5 111 Central 5%s 1l Cent ref Gs 55 Int Rap Tran 5a Int Rap Tr 6s stpd. Int Rap Tran Int Rap Tran Int & G Nor aj 6 Int & G Nor 15t 6 Towa Cent 1st 5. Kansas City 8 5 I'Kan City Term 4s.. | Lake Shore 4s °28. . Lake Shore 4s 31 Lehigh Valley 6s Long Island rf 45 Louis & Nash 5%s. Louls & N bs 2003... Manhat Ry cn 4 Market Sten Bs.... M&StLrfex5s... M StP & SSM 6%s5.. MK&TI1stds..... &Tprin5sA. Denmark 8 Denmark s Dutch E18% Framerican 7% French Govt 8 French Govt 7%s 98% B4% 91% 81 234 2% 80 9% 9% 46% 29 96% 110% 93% ”" 89% 73 6% 106 100% 920 8915 29 86% 66% 103% 112% 110% 101% @ PN PR TR S O P e Yo Norway 6s 1943 Norway 6s 1952.... Orient Dev deb 6s. Queenaland 7s Queensland 6s calanaar wEneENE~2E8arnnme e SYSHETRIEYSS <191 Ud Kingm 6%s'37. 29 Ud Steam Copen 68 3 87 87 Zurich 8s. 1 109% 109% MISCELLANEOUS. Am AgrChem 7%s 30 98% AmChainsf6s'33. 7 92 92 9 91% 91 19 102% 102% 11 100% 100 11 116% 116% 18 98 97w 43 92% 92% 9 524 62 Bl 974 9844 Am Writ Paper 6. Anaconda cv db 7 Anaconda 1st 6s...101 95% Armour & Co 434s. 69 Armour of Del 632 10 iAssoOll 6srets. .. Atlantic Refin by Barnsdall s £ § Bell Tel Pabs..... ! Deth Steel 545 Heth Steel rf 5 Beth Steel pm Beth Steel Brier H 8t Bklyn Edison 78 D. Bklyn Ed gen Gs. .. Calif Pete 6148 w 1. Central Leather 58 Cerro de Pasco s Chile Copper 6s. Commonwth P 6s. Con Coal Md 1st bs Cuban-Am Sug 8s. Cuba Cane cv d 8s Cuba Cane cv 7s ‘30 l Det Edinon ref 6s. Du Pont de N T%s Dugquesne Light 6 Est Cuba Sug 7% | Empire G&F 1%s. | Fisk Rubber 8 { Gen Eleo deb 6s. { Goodrich 6% Goodyear 8s 1921. | Goodyear 88 1941. Hershey 6a 1942 Humble O&R 5% ; Hilnols Bell 1 Int Mer Marine 6a. Int Paper 1st5s A. Int Paper 1st 58 B. KCP&LtbsA'S2 ! Kayser (J) 7 Kelly-Spring 8s Liggett & Myr: Liggett & Myrs Manati Sug sf %8 Marland Ol T%s. . Mexican Petrol §s. Midvale Steel 5s. Montana Power 6 Morris&Co 1st 4% New Eng Tel bs... N Y Edsn 1st 63s. NYG EL H&P b8 NY Tel 6s'41..... N X Tel 6a49. N ¥ Tel 4%s. N Am Edison 6s. Nor States Pow Nor States Pow 6s. Northwat B Tel {1 Otis Steel 88 Pacific Gas & E1 PacificT & T bs 82 Pan-Am Pete Phila Coref 6s A. Plerce Ol deb §; Producers & Rt & ! Public Service 6 Saks& Cos T | Sharon Stl H 3s Sinclair Ol1 7s. Sinclair Ol 6%s. sin Crude Ofl 638, Sin Pipe Line bs. South Bell Tel & Steel & Tube 7 Sug Est Orent Tenn Elec Pow Tide Wat Oll 6%4a. Tobacco Prod st 7s Toledo Edn 1st 7s. Union B..3 & P 6s. U8 Rub 18t rf & U 8 Rubber 7%s. UBSteel s f b, Utah Pow & Lt 68 Vertientes Sug 7s. Va-Car Chem 7s. Va-Car Ch %8 w, Warner Sugar 7s. West Unto! Westinghouse 7: Wickwire Spen Wilson & Co 13t 6 Wilson&C cv 7%s. Wilson & Co cv Winchester A 7% Youngstn S&T SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) T Bid. ffer. . of Amer. 7s 1925. 102 Aot Co: of Amer. 15 1663, 105 ‘American Cotton Oll 8 1924.... 98 Amerin T a American Tel. & Tel. 6a 1925, AEe AmericRn Ol ks 1025 an 3 Oufadian Northern B4 1924, Central Argentine I% Central Leather Gs Chi., B. 1. & Pac. B! Chicago Tel, 55 1033, Fisher Body Eisber Body Cory. 6 1928 Goodyesr T. & B. 8s 1981. Great Northern 7s ‘l-C Val 1924, 5&. 932, 3. 6%4s 1931, Mo Pacific s Mo Pacific gn Montrl Tm 1st 58 New Or Term 4s. N OTex & M in bs, N Y Cent gen 3% N Y Cent deb 65 N Y Cent deb 4s NYCentriss NYCenLScl 3% { New Haven c d 6s.. New Haven d 4s 57 New Haven 7s New Haven 7s fr.. NY Ry rf ds ctfs NY W & Bos 4%s. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 4s Northn Pacr 1 6 Northern Pac bs D. Ore & Calif 1st 58 Ore Short L ref 4s. Pennsyl gen bi Pennsyl gen 4%, Pennsyl 6%8.... Pennsyl gold 7s. Pennsyl con 4%s Peorio & E inc 4s. Pere Marq 1st 5s... Pere Mrq 1st 43 '5! 1075 821y 102% 92% 994 82% 100% 901z 1077% 107% 954 234 935, 1% 864 3% 72 83 5% 795 53% 874 8 5% 5% 2 56 85% 655 923 6% 841 4% 677 101% | [Tt a1y 74 Reading gen 4s. RIArk &L 4%s... St L IM&S R&G 4 StLSW 1st4 St LS W con 48'32. San A & Arn P 4s. Seab'd A L 4s sta, Seab’d A L adj bs. Seab'd A L con 6s. Sou Pacific 43 1929. Sou Pacific ref 4s. Sou Pacific clt 4 Southern Ry 1st 6a. Southern Ry gu 4s. Southern Ry 6%s. Third Ave ref Third Ave adj bi Tol StL & W ds Union Pac 1st 4 Unlon Pac 1st rf 4s Unilon Paccv 4s Union Pac cv 6s. Union Pac 1st rf 58 Virginia Ry 1st bi Va Ry & P 1st 5 ‘Wabash 1st 6s. ‘Western Md 4 Western Pacific 5s. Whel &LE rf 4% 474 ‘Wisconsin Cent 4s. 13 6% TOTAL SALES (Par Value): 11a.m.. 1824000 12noon 4277000 ipmu. 64183000 2p.m.. 7668000 CALL MONEY RATES. NEW ' YORK, October 2 money firm; high, 6: low, 4% rate, 4%; closing bid, 5: offered at| 5%; last loan, 5; call loans against acceptances, 4%. Time loans ca mixed collateral, sixty to ninety da: 5; four to six months, 4; pri commercial paper, 5ad e FOREIGN EXCHANGE. By the Associated Press. NEW YORK, October 20.—Forcign exchanges casy; quotations (in United States dollars): Great Britain, de- mand, 4.48%: cables, 4.48%; sixty-day bills ‘on banks, 4.46%. France, de- mand, .0585%2; cables, .0586. Italy, demand, .0419%; cables, .0450, Bel- glum, demand, .0504; cabies, (0504 Germany, demand, = 0000000000125 cables, 0000000000125, = Holland, de- | mand, .3883; cables, .3887. Norway, demand, .1622. Sweden. demand, 2631, Demark, demand, .i730. Swit. zarland, demand, .1782 Spain, de- mand, .1335. Greece, demand, .0158. Poland, demand, .600000%. Czecho- slovakia, demand, .0262. Jugoslavia, demand, .0117. ~ Austria, demand, 1000014, Rumania, demand, .0047%. Argentina, demand, .8220.° 'Brazil, Jemand, .0930. Montreal, .98 11-16. TODAY'S METAL MARKET. NEW YORK, October 29.—Copper quiet; electrolytic spot and futures, 12%212%. Tin easy; spot and near by, 41.62; tutpres, 41.87. Iron steady; N{I. 1, norv.%::. 22.00a28.00; No. 2, 5% 72 56 85% 65 92% 8614 844 243 67% % 1014 514 41% 3% 934 82 95% 1023 9% 94 87 95% 564% 9% 96 102 99% 24 87 95% 56% | 79% ;T b 6% 6% 80% 94% 102% 24 924 1024 107% 1084 5% 84w 102 1021 884 95 2% 8454 108% 102% 24 924% 102% 107% 107 5% 84k 108 102% 88% 25% 824 64% 103% 108% 108% 107% 107% % 914 954 Wbk 96% 96k 841 84% 108 108 8% 93% —Call northern, 2209a22.60; No. southern, 21.00223.60. d, steady; spot, 6.75. Zinc_quiet; East nearby, 6.35a6.40. 8.00a8.10. It’s Pronounced Coupe. Prom the Bpokane Spokesman-Review. Settling a question of pronuncla tion propounded several days ago, J. ¥ rfays the information that 1t is a’ Cadillac coopay, but a Ford' coop. t. Louls, spot and Antimony, spot, 99| 101 100 ruling lope FINANCIAL. Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Firmer was reported of the condi- tlon of the egg market this morning. Fresh eggs are exceptionally scarce and hard to get, and the demand is brisk. Storage eggs are not in great demand, and It was reported that many complaints as to quality have been heard. Poultry prices remained practical- ly unchanged, and the demand ls anything but ‘brisk. Chickens and hens were quoted at from 25 to 2 cents, Prices of most commodities were the same as at the close of last week's market Eggs—Strictly fresh, sclected, can- dled, per dozen, 46a48; average recelpts, 44; storage, 35436, Live poultry—Roosters, per 1b.,18; turkeys, per 1b., 38a40; spring chickens, per Ib., keats, young, each, 50a60; towls, per Ib., 2 Dressed poultry — Fresh - killed spring chickens, per 1b., 30a3 ers, per Ib., 30a33; hens, per Ib., 30a32 turkeys, per Ib., '40a50; keats, youn each, 80a85; roosters, per Ib., 21a22. Live stock—Calves, choice, per Ib.. 1.2, medium, per ib., 11; thin, per_1b., Salo. "anhn, spring, per Ib.,, 13. Live pise, 3.00a5.00 cach; live hogs, per ib., Green fruits—Apples, new, per bas ket, 50a250. California oranges, per crate, 6.00a7.00; Florida, 3.00a5.00. Lem- 00a4.00. " Grapefruit, 3.50 . Grapes, Concord, twenty-pound basket, 75a1.00; two-quart basket, 223a 26; Colorado flats, 50a75; honeydew mel- ctables—Potatoes, per bbl .00; No. per ' bag, to 50a3.50 per bbl York lettuce, per crate, 1.5 . 50a1.00; Ice- : nearby, 1.00a] half-bushel basket, . Beans, 5.00a7.00 per basket, rate, wasned. lima beans, beans, per York ecucumbers, a3.00. Sugar corn, 15a35. L dozen, GRAIN AND PROVISIONS. BALTIMORE, Md., October 29 (Spe- )—Potatoes, whita, 100 Ibs 150 Ibs., 1.00a3.00; sweets and bbl, 1.25a3.00; ‘bu., 75a1.10. 5al.75. Lima beans, bu., Lircazss. - Beets, per 100, 2.00a3.00. 4.40a6.00. A e . Cauliflo 3. Kale, bu., 15a25. 75a1.00. Onions,’ 100 Ibs. Oyster plants. per 100, 5.00; s b0 ms, ing stock, 40a50. 20a35; box apples, Cranberries, bbl., 6.00a10.00. bad, 90a1.00. Grapefruit, Oranges, box, 2.50ai.25. 1.00a3.25; bas, 15a35. 2.00a3.2 Pears, bu. - Quinces, bu., elling Prices on Grain, Wheat — No. red winter, 1.09; No. § red winter. spot, 1.0 2 red winter, garlicky, spot, 3 red winter, garlicky, %; No. 4 red winter, 1013, —Cargo of sample grades at spot, No. 1.08%; £pot, garlick 1.02. Corn—Cob, new, 4.0 barrel; No, 2 corn, spot, no quotations; track corn, . 2, old or better, 1.25. . 2 white, new, 521 and white, new, 51 and 51% No. 9 per bushel. ipts, 132 tons. The un- the hay market is ‘easy, due to an accumulated supply, a con- siderable portion of which is Cana- dian hay in big bales, which are hard Local and nearby hay of ity and baled in small lots v_sale. Quotations: a28.00 per 23.60a2 No. 1 clover, 24.00: 3 tangled ry 1 wheat, 13.00a14.00 14.00a15.00. No, DAIRY PRODUCTS. BALTIMORE, Md., October 29 (Spe- ewl).—Poultry—Live spring chickens, pound, 21a23; Leghorns, 18a20. Old 7 Leghorns, 17als;: old 11a15; ; ducks, Digeons. pair, Guinea fowl. each, 40a65. ggs—Loss off, native and nearby firsts, dozen, 45; southern, 40a43. Butter—Creamery, good to fancy, nound, 45a49%; prints, 49a51; nearby camery, 38a42; ladles, 34a35; rolls, 28a32; dalry prints, 25a32; process butter, 35a39; store packed, 27. CHICAGO LIVE STOCK MARKET. CHICAGO, October 29 (United States Department of Agriculture).—H Receipts, 58,000 head; mostly s to 10 cents lower; bulk, bette: 220 to 300 pound butchers, top. 7.65; desirable 170 to averages, 7.10a7.65: bulk, sows, 6 desirable killing pi Cattle—Receipts, 30,000 head: slow; bulk, early sales about stead. ling quality, plain; well conditioned matured steers and vearlings held around 12.00; best yearlings early 5; numerous loads light yearlin bulk sausage, bulls, 3 kers and feeders, 5.25a6.50. Sheep—Recelpts, 28,000 head; fairly active; killing classes steady to weak: most native early, 13.00; culls, 8.50; ewes up to 10.00; good handy weight fat ewes, 5.7526.00; heavy natives, 4.25: better grades feeding lambs, to 12.50. 0 pound packing weighty a TODAY'S CHICAGO PRICES. CHICAGO, October 29.—Attention to continued imports of Canadian wheat in the United States, duty paid, had a bearish effect on the Chicago wheat market today soon after the opening. Some show 0T firmness at the start resulted from an upturn in Liverpool quotations. On the other hand, the attitude of France relative to German reparations counted some- what as a bearish influence. Thé ing, which varied from unchanged figures to jal; cent higher, Decem- ber, 106% to 1063%, and May, 111%a to 111%, was followed by a moderate general setback. Liberal receipts of corn, together with a forecast of favorable weather, tended to ease down corn and oats. After opening up unchanged to % cent lower, December, 72% to 73%. the corn market underwent a mate- rial setback all around. Oats started unchanged to % cent higher, December, 42. Later the market showed slight losses all around. Provisions were lower the hog market. WHEAT— December in line with Low. 1.05% 1103 108y Close. 1.06% 1.10% May . July .l OATS— December May . July TARD- October January RIBS— October January RAW WOOL ACTIVE. Special Dispateh to The Star. BOSTON, October 29.—The stéhng position of cross-breds featured the day’'s raw wool markets. With stocks running low at a time when London is bldding 5 _to 10 cents above re- cently prevailing prices, holders of this clags of wool see visions of good profits. Export business continues Strong, but mills still are taking only wool for the manufacture of booked srders. The chief fly in the dealers’ ointment just now is the failure of any sizable light-weight goods busi- aess to develop, DISTRICT BANKERS | WELGOME GUESTS Trading on Exchange Quiet Today—Convention Plans for Tomorrow—Notes. The current convention of the in vestment Bankers' Association bein;: held at the New Willard Hotel over shadowed the Washington Stock Fx change this morning where only. i minimum amount of trading was con sumated. In fact, the ecntire loeal financial situation was dormant, the varifous committees, assignments, et¢ for the convenience of visiting dele Bates claiming the attention of pruc- tically every Washington bank Commerclal tional Bank was slight to 141, at which figure, u relatively large amount, fit ty shares, changed hands Rig Bank stock closed 432 points at 295, this fissue declining grees from 299, jts opening tion. This dro W e nothing as the stock is n not yet found Washington Gas 6s of 1933 were fir at 100% and 100, and the Potom: Electric general and refunding 6 sold at par. orth American’s Earnings. The North American Compan subsidlaries’ consolidated statement for the twelve months eptember 30, 1923, show largest gross and net carnings company’s history, with balan ¥ common stock amounting 1o $5.66 1 share. Gros increas The ¢l of 57 electri It subsidiaries and Milwauke ing their facl mands for e sto b mean d ha | earnings ar ot 45 per ce tric output shov per cent, and omers incr, principal light Cleveland, & are rapld! ties to mect the ctric eervice. iher st of €0 per ce lon stock over 4 the issue of $4 additior to common stockholders du T, this balance equals 35 per share ' outstanding, compare with $4.53 per share one 3 Convention to Hear Report: The second business session of .t Investment Banke Assoclation ¢ Ameriea will get under w row morning at 9:20 o'cl whet J. R. Edwards, chalrman of the g ernment bond committee, tenders t report. This will be followed by report of the Public Service Securitic committee, led by Henry R, I chalrman. A discussion on “Whi: are the desirable safeguards to embodied in a state v 1o m public utility bonds legal inve ments?' and one of the electric raf way situation will follox David F. Houston Bell Telephone Se will make the prin the morning, $70,787,940, numbe 24 d ement shov t in balanc Despite ing the a the foreign securities committe follow. conclude he afternoon to entertainment golf tournament will gressional Conntry delegates to a n of * th Arlington. At will be held at woman _de e at a theater party Heads Thrift Committee. Howard Moran, secreta trict Bankers' Associat named to head the bankers tee on thrift The local 4 behind this m both morally teachings durl been set aside for a thrift campaigr Definite plans of action have not ber formulated us yet Sl GOTTON FUTURES ARE HEAVILY S0LD Week Starts Off With Price Drop Due to Poor Liver- pool Market. o'cloc! run off ub, and : will be tuken to For itary drill, and to the dier ag"” banque: Willard, whil be entertain the n is unanimously , and will ai fally in it k that ha By the Associated Press. V. YORK, October 9. —Ther: as heavy realizing or liquidation it the cotton market dgring the day’ early trading, which appeared to he inspired by weakness In Liverpoc and reports that spot cotton was be ing marketed very freely at the 30- cent level In the south. The opening was barely steady, at an advance of 13 points on November, but gen- erally 2 to 30 points lower, and showed net losses of 35 to 40 points during the first hour, with December declining to 30.2¢ and January tc 29.75. There was some buying on unset- tled weather conditions in the south but the gelling was more or less gen- eral, and stop orders were uncovered on the decline. Liverpool made : fairly steady showing, but broke be fore the opening here, and private cables taid there had been American selling in that market. New Orleans Prices Lower. EW ORL S, October Losses of 31 to 48 points were made by cotton in the first half hour of the session today, the market being affected by the weakness of Liver- pool, prices there breaking suddenl at about the time of the opening o the American markets. The declin. was ‘made in the face of complaints of further wet weather in the west- ern belt and a private crop esti of 10,038,000 bales. Cotton Frices at Noon. NEW YORK, October 29.—Eleve: forty-five a.m. bids steady; Decem- ber, 30.35; January, 29.80; March, 29.85; May, 29 83; July, 29.28. NEW ORLIZANS, October bids steady; December, ary, 20.94; March, 29, asked; July, 29.25. _——— VOTE STREET EXTENSION. CUMBERLAND, Md., October 29, The city council passed an ordinance calling for the extension of Front stree: from Frederick to Knox. James ( Powell, Michacl D. Reinhart and Charles G. Holzshu appointed commissioners to ass damages and benefits should the lmprovement be made. ¥ The commissioners will make a report, after which there will be a_public hear- ing before the council. There is such a congestion of traffic on Center street, the only street leading west, that it is felt the extension of Front street is imperative, as it would give another way out of the city and relieve the congestion in the heart of the city. VISIBLE SUPPLY OF GRAIN. NEW YORK, October 29—The visi- ble supply of American grain shows the following changes: Wheat, increased 1,302,000 bushels. Corn, increased 113,000. Oats'increased 511.000. Rye. increased 157.008. Barley, decreased 107,000 W