Evening Star Newspaper, November 7, 1923, Page 30

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INSTOCK MARKET Pivotal Shares Lose Ground. Chicle Up- Seven.Points. Sterling Lower. BY STUART P. WEST. Bpecial Dispateh to The Star. NEW YORK, November 7.—The YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Offce Adams Express. Adv Rumley pf. Alr Reduction. . Ajax Rubber. .. Alaska Gold. Alaska Juneau Allied Chem. Allied Chem p Allfs Chalmers, Al Am Cable Am Agr Chem. . Am Ag Chm pf.. Am Bank Note Am Bosch. ... Am Brake Shoe. Am Can.. ‘Am Can pf, price movement was not at all uni- form 1in the stock market today. Realizing sales were effective in some directions, while fresh -buying made ‘itself felt in others. The es- sentlal thing was that the principal moves in - individual -stocks -were upward. ’ Sk SelHng continued in Texas Com- pany in anticipation that-the com- pany would either have to do new financing or cut its cash distribution. Binclair was also heavy, but in other members of the oil group Improve- ment way shown. ¥ Cosden Oil Pushed: Up. The short interest in:Cosden became unezsy and bid tie stock Up across 25. A week ago the street was- talking 2bout 2 cut In the preferred dividend, but this turned out to be a piece of unfounded gossip. Royal Dutch, cross- ing 49, was up over 9 points from its low of the summer. The advance has been steady in this stock for some time. Standard of California, above 54, fitted In with the prevailing view that the Standard interests were more favorably disposed toward the gen- eral situation. Mack Truck Higher. Mack Trucks made further response to the favorable showing in the third quarter earnings report, the stock getting_above It drew along White Motors, which returns nearly 8 per cent At its present selling price. National Rincult record as it athetica dend of 25 ocents. a share in addition to the regular 75 centg. Famous Players Stronger. The strength in Famous Players appeared to be in anticipation of re- assuring statements tending to coun- teract the unfavorable impression formed recently regarding the posi- tion of the company. . Conferences, which, It is thought, may lead to further consolidations among solvent but, minor ofl com- panies, are sald to have been held during the past week at Chicago with New York men participating. The amalgamation of producing com- panies or the absorption of certain of them by the stronger and richer factors in the industry would not come as a surprise. The Prairie Oll and Gas Company’s offer to exchange shares of its capital stock for 51 per cent of the outstand- ing capital stock of Producers and Refiners is belleved to be only the first step in important readjustments in the oil trade. American Chicle Advances. Buying of American Chicle stocks continued and attracted increasing attention, although the street had lit- Am Car & Fdy. Am Car & F pf Am Chain (A) Am Chicle Co Am Chicle pf. .. Am Cotton OIl. Am Cot Ofl pf.. Am Drugglst... ‘Am Express. . Am H & Lea pf. Am Internatll.. ‘Am La France Am Linseed. .... Am Linseed pt Am Locomotiv Am Metals. .3 Am Radlator. .. Am Safe Razor. Am Ship & Com. AmSmelting Am Snuff..... Am Steel Fdy. Am Sumatra pf. Am T & Cable Am Tel & Teleg. ‘Am Tobacco. Am Tobac (B). Am Tob pf (n Am Water Wks. Am W W 6% pf. Am Woolen. ... Am Zinc & Lead Am Zinc&Ld pf. Anaconda...... Arnold Constab. Asso D Goods. Associated Ol Atchison’ 9. and | stchison pf ax Augtin Nichols. Auto Sales..... Baldwin Loco. . Balto & Ohlo... *Bank of Com. Barnesdall (A). Barnesdall (B). Bayuk Bros 3 Beechnut Pack. Beth Steel. .. Blumenthalpf.. Booth Fish..... Bklyn Edison. .. Brklyn-Man Tr. Brikin-Man T pf. Brown Shoee. Brunswk Term . Butte Copper. Butte & Super Butterick. Caddo Of1 Calif Pac! Calif Petrol..... €allahan Zinc. . Calumet & Ariz. Canadlan Pac. Centrai Leatn. . Cent Leath pf... Cerro de Pasco. Chandler Mot. ... Chesap & Ohio Chl & Alton. Chi & Alton pt Chi & East 111 tle information regarding the com- pany's operatiofs. This company is understood to be “out of the woods,” with its financial structure in dis- tinctly better shape and with current earnings, after charges and preferred dividends, equal to at least §2 on the common steck. An_extra dividend of §2 a share, bringing the disbursement for the full twelve months to $6, is antici- pated by persons who have kept in- formed on Electric Storage Battery. The regular rate of $4 annually is not exj ted to be increased. The company has been doing an excap- tionally good business. It has plenty of cash, and earnings are reported at_approximately $12 per share. Sterling exchange made a new low for 1923, while francs around 5.70 ocents were within a third of a cent of their recopd low last August. Ofls in Rally at Close. As the day went on the ofl stocks played an increasingly prominent part in the general movement. The market had hesitated in ly afternoon point all around. declaration of the regular Texas Com- pany dividend and a sharp rally in that stock, active buying broke out in the entire group. 3 OILS CLOSING FEATURE. By the Assoctated Press. esumed tielr upward movement s been weakared by the recent rapid ns of Bullish demonstrations Were araged by another series of favor- earrings €tatements. Sales ap- Froximatad 700,000 sharcs. loging was steady, Declaration , dend by the T:xas Compan brought about @ heavy buying of the oil snares in the lste dealings, imparting a better tone to the rest of the list. e | FOREIGN EXCHANGE. . (Quotations furnished by W. B. Hibbs & Co.) Nominal 'Selliog checks, £01d val ZLondon, pound '4.8665 Montreal, doll i Paris, frane Rrussels, franc L0491 Berlin, mark. 6c per trilion. Rome,’ lira. 04431, Zurieh, frane. : ‘1778 Athens ‘o154 Madri 1327 Vient Prague, crown. Warsaw, mark. Copenhagen, crown. Christiania, crown. Stockholm, crown. By the Assoclated Presy, NEW YORK, November 7.—For- elgn exchanges easy. Quotations (in United States dollars)—Great Bri ain, demand, 4.443%; cabl 4. sixty-day bills on banks, ' 4.42%. France, demand .05703%; cables, .0571. Italy, demand, .0442% ; cables, .0443%. Belgium, demand, .0491; cables, 04914, Germany, demand, .0000000000003; ca- bles, .0000000000003. HoHand, demand, i cables, .386% Norway, deman Sweden, demand,” .2631. Den .1704. Switzerland, Spain, demand, .1325. .0154. Poland, de- mand, .000000%." Czechoslovakia, de- mand, .0291%. Jugosiavia, demand, .0116. Austria, demand, .000014. mania, demand, .0048: Argentin: mand, .3180. ‘Brasil, demand, Montreal; .98%. -~ - GOODYEAR AIRPLANE DEAL REPORTED COMPLETED By the Associated Press, - NEW YORK, Noveniber' 7.—E. G. ‘Wilmer, president of the .Goodyear Tire & Rubber Company, today an- nounced negotiations have been con- cluded with the Zeppelin Company, whereby a new company subsidiary to the Goodyear Company’would soon be organized for the purpose . of manufacturing _lighter-than-air _ships and all _supplies required by -that branch of aviation. The new company, it was stated, will be managed and controlled by the Goodyear Interests. and _the Zeppelin interests will receive a minority interest in the company in axchange for their patent rights and the services of their technical staff, No cash consideration is Involved, §¢ was” sald. 7 1470. mark, demand, demand, .1774. Greece, demand, Chi Great W pf. Chi Mil & St P.. Chi Mil &St P pt Chi & Northwn Chi RI& Pac. Chi R I&P 7%pt. Chile Copper Chino Copper. Cluett Peabody. Coca-Cola. Coco-Cola pf. Colo Fuel Colo & South Columbja Gas. ColumbiaGraph, Col Graph pf. Com Solv (A) Columbn Carb Comp Tabulat. Congoleum Co. Conley Tin Foil. Cons Cigas..... Cons Gas of NY. Cons Textlle. Cont Can. Continental Crucible Stl pf Cuban-Am Sug. Cuba Cane Sug- Cuba Cane S pf Cuban Dom’can. Cuyamel Fruit. Davison Cher D Lack & West. Detro.t Edisoa Dome Mines. Dougias Corp Du 55 &2AU Dupont (& 17 Dugque; Eastman Caton Axie & Sp. Ilec Stor bat. Llk Horn Coat. Eadicott-Jobn Erle..... Eri 3 Erle 2d pt. B Famous Players Fed Mines & 8. .. Fd Mines &S pf. Fifth Ave Bus.. Fisk Rubber. Fleishman. Foundatjon Co. Freeport Texas. Gen Asphalt. Gen Asphalt pt.. Gen Baking. ... Gen Cigar..... Gen Electric. Gen Elec 8pl... Gen Motors, Gen Motors pf. Gen Mot 6% deb. Gen Mot 77 deb. Goldwin Corp. Goodrich. . Goodrich pt. Goodyear pr pf. Granby Consol Gray & Davis. .. Gt'Northern pf.. Great Nor Ore... Gt West Su ! Greene-Canan Guantana Sug. Gulf Mo & Nor. Gulf M & Not pf. Gulf St Steel. Hartman (new) Hartman Corp. . Hayes Wheel Hou. B Houston Ofl..... Hudson Moters. Hupp Motors.... Ilifnots Central. Ind Ol & Gas. .. ndiahoma, ... .. Indian Refining. Int Cement.. In Combust E. Int Harvester.. Int Mer Marine. Int M Marine.pf. Int Nickel Intl-Paper. Intl Paper (sta) Int Tel & Teleg. InvincibleOlh Iron Products. . Iron Prod cf Jewel Te: Jones Tea..s.. Kansas & Gulf. KansasCity 8... X Open. High. €8 25 64% 1% 19 4% 44% 146% 13 35% 40 47% 3% 2% 8 27 9% 13 25% 61% 21% 8 26% 15% 68 3% 94 23% 68 25 64% 64 Y % 64% 107 41% 9% 11 31% 88 26 T 7% 98% 107% 160 121% 22 17% 65 8% T 18w 5% 8ok 89% 21% 1% 17% 3% - 2% -45 83% Low. Close, 68 25 64% 8 Y% 1 68 26 1 i Kansas C So pf. Kayser (Juli 64% | Kelly Spr Tire 6 Y% 1% Kresge (SS)... |Laclede G e iLee T & Ruter, 644 107 418 9% 1 30% 88 26 T1% 98 107% Kennecott. . Keystone Tire Lehigh Valley Lima Loconio. Loews Inc. Lot Inc.. . Loose:Wilé: Loose-Wiles pi Mack Trucks. Mack Trucl Manati Sug pr. Marland O, Maxwell (A) Maxwell (BY Met Edlson p, Mex Seaboard Mex Seabd ctf: Mfamj Copper. Middle St OIl. Mo Pacific. . Mo Pacific pf. Magma Copper. Mallinson & Co. Manhatn El guar Manlla El Corp. Maracaibo OIl. . Market St prior. Open. High. Low. Close. 52 35% 26% 32% e 2% . 253 8) 6% £, 108 hd Y 29 2% 1947 62 21% b 13 ° 802 it May Dp Stores. . Mo Kan & Tex. . Mo K & Tex pr:. Montana Power Moutg'y Ward. . Moon Motors. Mother Lode Munsingwear. Nash Motors. Natl Aeme. Nat Biscuit. Natl Enamel atl Enamel pe. tl Lead pf Nat Supply Nevada Copper. N Or Tex & Mex. Newp Ns Gas pf. NY Alr Brk (A). N Y Central. NY Chi & St L. NY Chi& StLpt. N Y Dock.. NYNH&Harttd. Nort & North Amer. rth Am North Pacific. Testern. Ohio Bdy & Biw, Oklahoma Prod. Otis Elevator OtisSteel pf. Orpheum Circu! Owens Bottle. Pac Cost 1st pt.. Pac Gas & Elec. PacificOll. ... 374 Packard Motor. Pan-Am Pete. Pan-Am P (B) Pennsylvanlia, .. Penn Seabd Stl.. People’s Gas Rere Marque! Philadelpbla Co.. Philip Morris. Phillips Pete. Plerce-Arrow. .. Pierce Ar pf. Plerce Ar prior. Plerce Oll. Plerce Oil p Pitts Steel pf. Pitea Utllities p Pitts & W.Va. Postum Cereal.. Pressed Stl Car. Produc & Ref. Pub Service. Pub Serv 7% pf. A8y You a1 Loy 13 18% 23% 9%, 21% 63 1y % 0% 0% 31 . QU -5 f. Pub Serv 8% pf. 102% Pullman Co. Punta Alegre. Pure Oil... 16% B1 U 62 su’% 2w 13%y 13% 60, i AThy 83 60% 66% 17% 6% 53 ¥ Bb% 108 9% 90 29% 31 i 31 92% 20% 62% 23 43% 13 90 36 81 38% 11% 59 56% 41% 2% 91 a1% 43 18% 24% 9% 22% 63 1% 20 95 10% Al% 1% b4 18% 46 95 102% 116% 51% 1% Rallway 8t Sp.. 143 103 Ray Con Copper Reading Reading 1st pt Reading 2d pt... Remington Replogle Steel Rep Ir & Steel Reynolds Spr. 1% i B3y 35 9% 5% Rey Tobac (B).. Royal Dutch.. St Joseph Lead.. St L&San Fran.. St L&San Fr pf. StL Southwn Savage Arm Schulte Stor Seaboard Air L. Seabd AL pt. Sears Roebuck. Seneca Copper. Shell Tr & Tran. ¥34% Shell Union. Stmmon Simms Petrol. Sinclair Ofl Skelly Oil. South Pacific. Southern Rwy Southern Ry P! Stand Mill pt. St Oil of Calif. Stand Of! of N 3s ¥ o ¥ san J _ 32% Stoilof NJpz.¥ Stezling Prod. .y Stew'd-Warner. Strombg Carb 39 4 . 5T £dbrarine Bt. . Sweets Coof A. T Tenn Coppers, 04 Texas Company: Tex Gulf Sulph .« Tex & PC & 0112 Third A Tide Water Ol TimKen Beari Tobacee Prod. ¢ Tobacco Prod A . Tobacco Pro p! Trans Cont Ol1.. Twin C R Trang. Underwood. ... Union Bag & Pe. Union Pacific. ¢ Union Pac pf. Un Tank Gar. United Drug United Ry Inv 1Gta Ry Inv peog. £ Utd Retall Stri USC: U S Realty... U S Realty pf.. U S Rubper. U S:Rub 18t p! ¢ I Pipey - U S Cast Ir P p¥. U S Hoftman Mg U S Indus Alcos. b9k &% 9% 100 flfia 86 14 21 63% 38% 58 130% T1% 89% % 9 30 4% 39% 82% 16 55% %o 9% . 100% . 4% 86 345 - U'S Smelt&Ref™ uUsst U S Steel pf. Utah Copper. . s .| Vanadium Corp. Va-Car Chem. .. Va-C Chem:pl. ‘Wabash.. Wabash pf (A). Wabash pt (Bl¢. ‘Waldorf Syatem .. ‘West Penn Co L. Westérn Md.. West Pacific. Westhse Ei& White'Eagl0lt ‘White Motor. White Ofl... Wickwlirs. Wihiys-Overld . <, 6% 8 Willys-Overl Bt - 2% Woolworth. . Worthington. Wright Aero Youngstn Tul . 275% 25 11% 7% 51 35% 24% 32% 2% 253 824 13% €9 65 17% 6% 53 106 7 90 29% 30% n 30% 2% 19% 62 21% 43% 13 90 9% .L0% 834 214 A% 10% 27% 9% 24% 61% 23" 22 8% 36% 89 ™% 48% 381 91 111% 55 10% 88 84 47 100% 6% 871 17% 11% 105% 21% 44 53% 1% 1 132 48 36 81 52 35% 24% 3% 29 255 83 13% 60 65 17% 6% 55 106 79 90. 29% 30% kid 30% 92% 20% 62% 22% 43% 9% 99% /101 11% 63% Low.: 36% 56% 6% 114 2% 6% 38 58 130% % 89% 6% 9 28 4% 4034 82% 16 55% 94 100% 34% 83 92% 118% 59 28 s % 24% 10 334 21% 16%. 4T% 9% 12% 59% 21% 81 % 5 % T2% 275 25 12! o Tag.: s HOURLY SALES OF STOCKS. _ 214000 12my electrglytic spot -and” tutures; “Tin Arg; spot Lead’ steady: “Fast St. Louts, « = @610, _Antimopy, spot,.9. ‘el A northern, spot, .75.. spot and nei 343 500 562 800 ta % =3 < . TODAY’S METAL PRICES> . N YORK, November. 7.—Copper nd’ nearby, S 75ut4.00; 43.50 Iroh 0a22.50. SPECIAL STRENGTH IN SOME BONDS Others Are Reactionary in ‘Trading Today—U. S..Gov- ernment Issues Hold Firm. BY GEORGE T. HUGHES. Spacial Dispatch to The 8 "NEW YORK, November 7.—The bond market was a curiously mixed affalr today, with a reactionary ten- dency in most of the high-grade rails and Industrials, but with especial strength in a few selected issues and with the tractions leading an upward movement among the speculative issues B s Phone Issue Chlef Tople. Great Interest continued to be taken in the success of the American Tele- {phone and Telegraph new offering Toddy's estimatés were the $100,000, 000 of bonds had been subscribed twice over and that allotments.would be one-half the amount asked for. It is admitted, of course, that the work of distribution has only begun. The Yact, Rowever, that dealers are willing to subscribe so heavily indicates their confiderce not in the attrac- tiveness of the offering, but in the out- look for the investment market gener- Ratls, The strength in high-grade issues was evident mostly in Unfon Pacific first 4s and Central Pacific first 45 and in a few other bonds of this grade. Both the issucs named are selling to_vield less than 5 per cent, the Unlon Pacific less than 4% per cent. It was reported also that the buy- Ing was not f-r account of banks or financial Institutions, but was coming from abroad, mostly from Amsterdam. Evidently these foreign Investors want quality, regardless of price. A favorite short-term iscue was South- ern Pacific 45 of 1929, which sold at thelr high for the year, but still to 1d 515 per cent. maturity bai Governzoat Yoaus Wirm. All the United States government loans were fri. and most Of them Dllxa'hlly higher. n the speculative group the re- covery was most marked in the case of tractions, notably the Third Ave- nue adjustments. ‘The Brooklyn-Manhattan Transit s and the Interborough issues show- ed a better tone, while there was a fractional advance in Market Street Rallway 6s. The Cerro de Pasco $s were strong, in_sympathy with the stock. The bond is convertible into stock at the rate of thirty shares of stock for each $1.000 bond, equivalent to a price of 3 1-3 for the stock, which was selling today around 40. Vir- Einla-Carolina Chemical 7s were frac- tionally higher and a better senti- ment was reported toward all the Virginia-Carolina issues. Internation- al Mercantile Marine 6s were firm, but Central Leather 58 were hea Interest Lags in Rall Interest in the speculative ralls lagged. Seaboard Alr Lime adjust- ments reacted slightly, but the re- funding 4s sold around 'Monday's high. Seaboard Alr Line first 4s ‘sold within a point and a quarter of their high for the vear. B. and O. con- vertible 4%s and refunding bs were firm, but the Toledo Cincinnati divi- slon 4s went lower. St. Paul bonds. whilé inactive, were Inclined to sell higher. The weakness In franc exchange was not shared by French bonds, ex- cept In a very slight degree. Most of the forelgn {ssues were steady. 5 PERBALE NP N COTTON PRCES Another Sharp Advance on Heavy Buying Orders After Election Day. By the Associated Press. NEW YORK, November 7.—A heavy accumulation of buying orders over the holiday inspired by the big ad- vance in prices on the New Orleans and Liverpool exchanges yesterday, resulted in an advance of from 100 to 115 points in the local cotton mar- ket ot today’s opening. ¥ seagon { vate zet: to a ginning of 7.580,000 ter 1 und aa in poiated { Tales 10 No- ated crop « Guick Rally in New Orlcans. NEW ORLEANS, November 7. Heavy realizing sales came on the | cotion market on the opening today and forced prices 16 to 56 points un- der the last quotations of yesterday, but there was a great volume of buying orders under the market which tmmedlately supported it and icaused a quick rally. ~At the end of the’ first half hour of trading gains of 10 to 22 points over yesterday's close were established. ~ December fell off to 32.95 and then rose to the new high for the season of 33.70. Cotten Bids at Noonm. NEW YORK, November 7..—Cotton futures, 11:45 a.m.; bids steady: De cember, 33.74; January, 33.50; March, 33.60; May, 33.62; July, 33.17. NEW ORLEANS, ' November Noop bids steady; December, January, 33.25; March, 33.12; 33:26; July, 32.82. COMMODITY NEWS WIRED ST AR FROM * ENTIRE COUNTRY PHILADELPHIA, November 7.— Demand from the knitting trade’ls continuing to absorb the larger pro- portion of yarn spinners’ production. The promising outlook for “brushed goods” has resulted in heavy sales of long-carried lower grade stocks of yarn. KANSAS CITY. Mo. November T “Hog recelpts at the local markef 0 ~far this- year total 2,994,750, or 302,000 more than for the corre- sponding period of last year. Main tenance of the present rate will bring the years' receipts to 3,750,000 hogs and establish a new record. WINDSOR, Ont., November 7.—The 1923, Ontario tobacco crop has begun to mfove. Virginia leaf is bringing 33 to 50 cents a pound. No. offers have.been madeé vet for burley. . One farmer recelved $15,000 or at the rate of $600. an acre for his.Virginia leaf crop. - PORTLAND, Ore., -November - 7. Demand for turkeys has improved here. ©One large buyer has been offering 35 cents.a pound for best dressed toms and young hens for Portland delivery. This stock will ‘Be shipped east at once. SPRINGFIELD, Mo., November 7.— Reports from-various sections of this state indicate that apples have been frozen in many orchards. AT e The promised land Is the land ~ yhere one Is not, [sxwrv vorx BONDS o s Received by, Private Wire Direct to The Star Office. (Sales are in §1,000.) . UNITED STATES BONDS. (Fuactions represe Example: 98.3 Salw Lib 3%, 314 Lib 2d 4 Lib 1st 4% Lib2d 4%s Lib3d 4% Lib 4th 4% US4%s19 466 2014 815 20 FOREIGN. ies. High. Argentine 7s Austria 7 11 7% 8. Cenada 6s 1926, Canada 5%s 1929. . Canada §s 19 Chile 85 1941 Chile 75 1943 Chinese Gov Ry 5 Christiania s Copenhagen 6%, Cuba 5%s ctfs. Czechoslovaki: Dutch E16%s Dutch East I 65'47. Dutch East I 6s'62. Framerican 7%, French Govt 8; 24 4% Japanese 4 Lyons 6 Marseilles Mexico s Montevideo Norway s Norway 68 1943. Norway 68 1952. Orient Dev deb 6s. Paris-Ly’s-Med 6s. Prague T%s Queehsland 7s. Queensland 6s Rio de Jan 85 1946. Rio de Jan 85 1947. Rio Gr Do Sul Sao Paulo,State Seine, Dept of, 7 Serbs Crotes Swiss Confed 8. Tokio 5s.... Ud Kingm 5% Ud Kingm 5% Uruguay 8s. Zurich 88 nt means High. 99-21 97-25 98-5 93-4 99-3 98-5 99-14 102% 88Y% 99 96% 101 87 8% 9% 94 98 100 101% 100 99% 105% 103% 104% 96% 48% 108% B8 91% 93 109% 9% 91 96' 95% 20 984 93%, 1% 7% 974 3% 92% 8014 79% 8% 45% 86 96% 110% 94 94 41 76 R e —,FRRAEN AR~ ERNONA DN - P RSl 3 100 52 4 18 Low. 102 88 98% 96% 100% 87 8% 9% 9% 97% 99% w1t 99% 99% 105 103 104 5% 48Y, 107% 88% 91 2% 109 94y 90% 9 5 90 98 93% 9% 174 974 23% 92% 80 9% 78% 45% 86 96% 110% 3% 9% 59% % 6% 105% 101 894 884 95 8% 81k 664 83 103% 112% 6674 108% iae ies 110 MISCELLANEOUS. Afax Rubber Am Agr Chem 7%s Am Chainnt 65'33. Am Cotton O11 5: Am SmIt&R 1at 6 Am BmIt&R 6s Am T & T deb 5%s. Am Writ Paper Anaconda cv db 7s. Anaconda 1s Armour & Co 43 Armour of Del 5%t Asso Ofl 6s reta Atlantic Refin 6 Barnsdall s £ 83 Bell Tel Pa b Beth Steel 5% 53. Beth Steel rf b Beth Steel pm Beth Steel s £ Bklyn Ed gen 5: Bush T Bldg 58 '60. Calif Pete 6%s w i. Central Leather § Cerro de Pasco 8s. Chlle Copper 6s. .. CinG & E 5%s'62. Commonwth P 6 Con Coal Md 1st 5; Cuban-Am Sug 8s. Cuba Cane cv d 8. Dery (DG) 7s, Det Edison ref 6s. Donner Steel 75 Du Pont de N 7% Duquesne Light 65, Est Cuba Sug 73%: Empire G&F 1%8.. Fisk Rubber 8s. Gen Elec deb 55 Goodrich 6% Goodyear 88 1931 Goodyear 88 1941 Hershey 65 1942 Humble O&R 6 Illinois Bell 1st &: Indiana Steel 5s. Int Mer Jarine 68 t Paper 1st bs B. KCP&Ltisa'ss Kelly-Spring 3 Lackawa S 58 "av. Liggett & Myr. Liggett & Myrs & Toriilard (P) 58. Magma Cop cv 7s. Ianat! Sug sf 7¢s. Marland Oil 7%s. Mer & M{g 8 £78°43 Mexican Petrol §s. Midvale Bteel 5 Montana Power b Now Eng Tel b5 N Y Edsn Ist 6%s. NYG EL H&P bi N Y Tel 88’41, N Y Tel 6549, N'Y Tel 4348, N Am Edtson 6s. Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 7: Otis Stuel T%s. PacificGas & PacificT&T Phila Co ref 6s A Producers & R{ 8 Public Service 5s. Punta Alegre 7 Sharon Stl1 H 8s. Sinclair Oll 7s. Sinclair Oil 6% Sin Crude Ofl s:n Crude Oll 5% Sin Pipe Line Gs. South Bell Tel 5s. So Por Rico Sug 7s. Tenn Elec Pow 6 Tide Wat Oll 6%s.. Tobacco Prod st Unlon B..Z & P 6s.. Unit Drug cv §s. U S Rub 1st rf b U 8 Steel s.£ 5: Utah Pow & Lt bs. Vertlentes Sug 7s. Va-Car Chem 7s. Va-Car Ch THhsw ‘West Union 63s. Westinghouse 7 Wickwire Spen 7 Wilson & Co 1st 6s. ‘Wilson&C cv 7%: ‘Winchester A T1s. ‘Wilson & Co cv 63, Youngstn 8 & T 6 1 %0 23 984 92 7 924 102 100% 116% 97 92% 98% 51% 98 95% 84% 88% 95% 7 95 974 88% 25 88% 7% 97% Nk 96% 4% 122 984 5% 87% 87 106% 93% 75 103% 87 108 103% 99% 90% 101% 101% 96% 100% 114% 29% 97% 23% 100% 81 834 Y0 103% So% u7 24 kil 4 3 12 10 12 17 10 5 2 10 1 12 95% 84 63% 110 107% 91 956% 5% 103 84% 98% 90 97% 92 L 9% 101% 100 116 96% 024 98% 50 80 106% 99 20% 85% 96 96% 81 94% 100% 924 102 107% 95% 109% 84k 102 88% 9435 83% 633 1003 107% 901 95% 95 1024 84% -93% ] thirty - seconds. 98 3-32.) Low. 97-78~.97-25 97-29 98-2 97-29 98-3 98-30 99-1 $7-30 98-5 99-6 Close. 99-14 Close. 102 8% 99 96% 100% 7 8% 9% A 98 99% w1 9% 99% 105 103% 104 96% 48% 108% 88% 1% 93 109% 94% 90% 95% o5 90 98 93% 9% 7% 97% 93% 92 80 79% 78% 45% 86 96% 110% 94 o4 20 714 €% 105% 101 894 88% 95 98% 84% 66% 83% 103% 112% 67 108% RAILROADS. Sales. High. Atchison gen 4s... 86 £9% Atchison adj 4 4 19% AtlanticCL 1st 4s.. 7 87% AtlanticCLcl 4s.. 45 81% B&Oprindks... 10 96% Bek: O gold 4 30 81% B&O6s 10 101% 51 84 41 84% Low. 89% 9% “86% 81% 96% 814 101 83% 84 6% 95% 66% 66% 89 89% 113% 111% 9% 96% 100% 86% 89% BT 84% b6i% 31 85% 98% 1% Close. 89% 9% 8T% 81% 96% b1% 101 83% £ 76% 95% 67 66% 89 8% 113% 1% T9% 96% 100% 8% 89% 87% 84v ba% a1 85% 98% 1% 4% 45% 50% 56% " 70% B&Oref6s.. B&O PLE&WV 4s. 5 176% B&OSW div3ts. 37 95% B & O Toledo 45 2 67 Bklyn-Manhat 6s. 247 67% Bklyn R T 7s'21. 89 BkIRT 7821 ct. 89% Canadian North 7s. Canad North 6%s. ::;V’ Canad Pac deb 4s 9% Car Clinch & O 6s. 96% Cent of Ga 6s. 100% Central Pacific 87% Ches & Ohlo cv 89% Ches & O cv 4% 87% Ches & O gn 4%, B4% Chi & Alton 3s, 54% Chi & Alton 3%s. . 31 Chi B&Q gn 45 '58. 86% Chi B&Q 1st rf 53 98% Chi & ETll gn 6 78 Chi Great West 4s. 48% Chi GrWest 4s (n). 45% Chi M &St P rf 43s 51 Ch{ M&St Ptv 5 57 ChiM&St P 4525 1% Chi M&S P cv 4% 56% Chi M&St P 4s 34 70% CM&StPgn iy 7814 Chi&NW 6% 108% Chi & NW 17, 107 Chi Rys bs. 6 ChiR1& Pacrt 4s 4% ChiUn Sta 6% 114 Chi & W Ind cn 4s. 71 Chi & W Ind 73%s.. 10 103 CCC&StLrf 68 A, Cleve Term 5%s Cleve Term 68 Colo & Sou 4%s... Cuba RR58....... Del & Hd 15t rf 4s. Del & Hudson 533 D&RG 1strt 5 Det United 448 Erle 1st con 4s. Erie gen 4s. Erie conv 4s D. Gr Trunk sf db 63. Grand Trunk 7s Gr North gen 7s Gr North gen Green B& W db B. Havana ERL&P 55 Hud & Man ref 6s Hud & Man aj 5 11l Central ref 4 Tl Cent ref 55 '55 111 Central 63 IntRap Tran bs Int Rap Tr 6s stpd. Int Rap Tran 6s. Int Rap Tran Int & G Nor a 6 Int & G Nor 1st 6s. Towa Cent 1st 5s. Kansas City S 3 Kansas City S 5 Kan City Term 4s.. Lake Shore 45 '28 Lake Shore 4s ‘31 Lehigh Vailey 6 Louis & N uni 4 Louis & Nash 7s Louls & N 58 2003. 40 Manhat Ry cn 4s. Market St cn 58 M&StLrfexbs... M& StL1strf d4s.. MK & T adj bs. Mo Pacific 6s Mo Pacific 6s '65 N O Tex & M in bs. N ¥ Cent gen 3%s. N Y Cent deb 63 N Y Cent deb 4s. NYCentri N Y Cent cn 4 98 N Y CenLScl3t% New Haven c d New Haven d 4s 57. New Haven 7s. New Haven 7sfr... New Yor™ Ry aj 5. NY Rysadj s ct N Y State Ry 4%4s. NY W & Bos 4%s Norfolk & W cn 4 Norfolk & W cv Northern Pac 35 Northern Pac 4s. Northn Pacr 1 63, Northern Pac 55 D. Ore & Calif 1st 55. . Ore Short Liref 4s. Ore-Wash 1st it 48 Pennsyl gen b Pennsyl gen 433, Pennsyl 6% Pennsyl gold 78 Peorlo & E inc 4s Pere Mrq 1st 4s Reading gen 4s. Rio G Westcl 4s... RIArk&L4 5 St L IM&S R& StLIM&Ss .. L&SFplesa.. L&SFoprinss. StL &S F incés. StL &S Fadjes... StL SV ist 45. St LS W con 48 '32. Seab'd 4 L 45 sta. Seab'd A L ref 4 Seab'd A L ad] bi Seab'd A L con Sou Pacific 43 1 Sou Pacifc ref 14 | Sou Pacific cit & TREASURY CERTIFICATES. * (Quotations furnished by Redmond & Co.) Rate-Matgsity. " Bectmnes 5, $n March 15, 1624, 14t s, 'nr SR, s *Jute” 15, 1025, COTTON PLANTING DE MADRID, November 7. forbidding ‘the importation or .plant- ing of cotton Withi 'sion is published zette.” ou Noon. . Bia, - Offer. 1923.. 99 31-32 100 1-32 100 1001-16. 1001-16 400 532+ 1001 01 100 15-16 101 1.16 100 13-32 100 17.32 OREE, A decree eclal permis- e officlal ga- |- Southern Ry 1st bs. Southern Ry gn 4s. 2 Southern Ry 6%8.. Third Ave ref 4s Third Ave adj b Tol StL & W 4s. Union Pac 1st 4s. Unlon Pac 1st rf 4s Union Paccv Unfon Paccv Union Pac 1st rf 65 Virginia Ry 1st b Va Ry & P 1at bs Wabash 1st 6. Wabash 2d b8 Western Md 4 Western Pacific 53. 11 West Shore 1st4s.. 14 9% 79% Whel &LE 1t 4%s. 10 50 50 TOTAL SALES (Par Value): 11a.m.. 3001000 12noon. 5328000 1p.m..a7221000 2p.m.. 8358000 e e SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon.— Bid. . Offer. 1023 102Y . By ik : 95% g 73 824 96% 102% 99% 94% 88 957% 87 B8 79% 82% 95% 102% 9% 943 86% 95% 86% 57% 9% 102% 99% 4% 86% 95% 864 5% 79% 9% 50 Alumipum Co. of Amer. 7s 1925. ‘Aluminum Co. of Amer. 7 1933 American Cotton Oil 63 1924, American Sugar. 68 1887 American Tel. & Tel. 6a {62 American Tel. & Tel. 6 1025 Anaconda Copper 6 102 Anglo-American OIl 73 Baltimore & Ohlo 8s 1424 Canadian Northern St 1924, Gentral Argentine Rwy. Ga 1037 Central Leather 63 1 g R. L & Pac. 3% & "8s 1981 Great Northern 7s_1936.. ing Valiey 6s 1924. o O s 100 dennecott Copper by exell & Libby 78 Miehigan State Tel. os 1024 MoRC P& 8. 8.0 6l 1031 & Co. T%s 1630, 1 RATES ON BAR SILVER. LONDON, November 7.—Bdr silver, 32d per ounce; money, 2% per cent; dis. count rates—short bills, 8 3-16 per cent; three-month bllls, 3 3-16a3% per cent. NEW YORK, November 7.—Bar sil- ver, 63%; Mexican dollars, 48%. - FINANCIAL. Grain, Produc: a;:l' R ek LOCAL WHOLESALE MARKET. Increased actlvity resulted from this morning’s change In temperature, buyers appearing anxlous to get in- creased quantities of supplies. Deal- ers sald a further drop In tempera- ture probably would mean still better market conditions. Because of the warm weather, deal- ers said, shippers have shipped very few turkeys. No matter what the weather conditions may be the n t two or three weeks, they stated, ship- pers will move their supplies Zor the, Thanksgiving trade, There were ample supplies of food- stufts of all kinds on the market this morning, prices being substantially the same as at the beginning of the week. Eggs—Strictly fresh, selected, can- dled, per dozen, 52; average receipts, ; storage, 35a3i Live poultry—Roosters, per Ib., 16. turkeys, per Ib., 40a42; spring chickens, per Ib., 25a26; Keats, young, each, 50a60; fowls, per 1b., 23a24. Dressed poultry — spring chickens, per lb. ers, per Ib;, 30a35; hens, turkeys, per Ib., 40a50; keats. young. each, 80a85; roosiers, per Ib., 21a22. Live stock—Calves, choice, per Ib. 12; medium, per Ib., 11; thin, per I 8al0. Lambs, spring, per Ib., 13.. LI pigs, 3.00a6.00 each; live hogs, per Ib. . Green frults—Apples, per basket, 50a 2.50; per barrel 50a5. California oranges, per crite, -6:00a7.00; Plorida, 2.5044.50. ~ Lernons, per box. 3.00a4.00. Grapefruit; 3.50a+:25. Grapes, Concord, twenty-pound basket, 75a1.00; two- quart basket, 22%a26; honeydew melons, T521.50. Vegetables—Potatoes, per bbl., No. 1, 2.7523.00; No. 2, 1.50a2.00, Potatoes, round, per bag, 2.50a2.75; sweet pota- toes, 3.00a3.75 per bbl. Southern lettuce, per crate, 50a1.00; nearby, 50a1.00; Ice- berg, 4.00a5.00. Cabbage, northern, 1.75 22.00 per 100 Ibs. 1.00a1.50 bbl. Tomatoes, half-bushel southern, per basket, . Peas, per basket New York celery, per_crat 4.0025.00; In rough, 2.50a4.0 3, 0. Peppers, per=crate, Kale, "per bbl., 73al.50. Spinach, barrel, 1.50a2.50. Home-grown lima beans, per quart, 35a50. Lima beans; per basket a3.50. Southern cucum- bers, per bushel, 4.50a5.00. GRAIN AND PROVISIONS. UitE, Md., Nov il ). —Fotatoes—Whit ‘D) 1.70; 150 lbs, 1.00a ; sweets ana yams, bbl, 1.25a3.00; bushel, 75a1.00. bushel, 1.50a275. Lima beans, a2.50. Ieets, per 100, 2.00 Broccoll, bushel, 15a25. Cab- buge, per 100, 4.00a6.00.' Savoy, bushel, 35ud0. Carrots, per 100, Cauliflower, crate, 1.00a3.00. 3.50. Corn, d bushel, 15a25. 3.50a4.00. Lettuce, Fresh - killed 28a30; _roast per Ib., 28a30; ket, nearby, 3.50a5.50. uber 7 (Spe- 100 1bs., $.005.00. crate, 1.0, ter plants, per 100, basket, 3Va60. ald.00. Spinach, Pumpkins, per 100, 5.90 40460, ' To- matoes, basket, bushel, 30a40. Turnips, bbl., loose, bb i basket, 2vas . Cranberries, bbl., 7.00 Grapes, basket, 1.00al.1 Grapefruit, 2.00a3.50. OUranges, oad. Peary, bushel, luba basket, 15a35. Quinces, bushel, al.00. Settling Prices on Grain. Wheat—No. 2 red winter, spot, 1.09; No. 3 red winter, spot, 1.0s; No. red winter, garlicky, spot, 108 3 red winter, garlick 1 red winter, gariicky, spot, 1.01. Sales—pag i0ts of nmearby at 1.05 and 1.10. Corn—Cob, No. 2 corn, spot, no quotations; track corn, yellow, no quotations. new, 4.35a4.50 barrel; i Hay—Receipts, 35 tons. In com- parison with the demand, the quan- tty of hay ofmerings is more than ample for trade needs and the edge is of prices. Damaged and low. grade hay 18 very irregular in value Gutside prices are extreme at the fol lowing quotations: _No. 1 ‘timothy Zi.50a28.00 per ton; No. 2, 26.50a27. No. 3, 0azs. mixed, Z5.00a26.00; No. 1 clover, clover, 24.00aZ.00. Straw 0. 1 tangled rye, 16.00; No. 1 wheat, 13.00a14.00 vo. DAIRY PRODUCTS. u; No. 1 light cloves NO. 2, 24.00a25.00 15.00a No. 1 2:a25; 18a25; pigeons, pair, fowl, ‘each, 50270, Eggs—Loss off native and nearby firsts, dozen, 50a52; southern, 46a48. Butter—Creamery good to fancy, prints, 52a54; creamery 40a44;’ ladles, 34a35; rolls, 28a32 dairy prints, 28a process butter, 38a39; store packed, 28, pound, 47a5. CHICAGO LIVI STOCK MARIET. ove: 7 ¢ 0.00. t>—Receipts, wn- oven; yearlings, 9.75a1100; 12.00 bid on_ choice long yearlings; canners and cuttors, weak to 15 cents lower; bulkc_canners, oarly, 24082.60; bulls, steady to welk, bulk bologn: 003 4.25; vealers, about steady at 9.00a9.50; stockers and feeders, steady to strong, 8.50 to 9.50. Sheep—Recelpts, 14,000 head; fat lambs, 10 to 25 cents lower; sheep, culls and feeding lambs, steady; bulk fat natives and fat western-fed lamb 12.25a12.75; cull, natives, 9.50a10.0¢ few early sales fat sheep; feeding lambs, 12.25a13.00. TODAY'S CHICAGO PRICES. CHICAGO, November 7.—Unexpected strength in ‘wheat quotations at Liver- pool, together with a big bulge in the cotton market at New York, had a bull- ish influence on wheat here today dur- ing the early dealings. Upturns In the value of corn tended also to revive bullish sentiment _regarding wheat. Buying in the wheat pit, however, lacked volume, and advances failed to hold well. The opening, which ranged from % to % higher, with December, 1.06% to 1.06%, and May, 1.11%, was followed by something of a reaction. ‘Scantiness of arrivals of corn here gave an upward swing to corn and oats. After opening % to'%a% higher, December, 75% to 756%, the corn mar- ! ket continued to climb. Oats started a shade higher, Decem- ber 42, and later showed additional gains. Provisions were firmer in line with hogs and corn. WHEAT— High, 1.06% 1% Lot Low. 1.05 1101 1088 5% Bn 3% Close. 1.06% 11 "NEW YORK EGG PRICES. NEW 'YORK, November 7.— Firm; recelpts, 21,323 cases; gathered, extra firsts; 57a61; do. firsts, 48256; do., seconds and poorer, 3047 state, nearby amd nearby western hennery whites, firsts.to extras, 65a80. P ST _MILLS VOTE DIVIDEND. UNION, S. C. November 7.—The regular semi-annual- dividend of 3% per cent on both common and pre- ferred stock was declared at a meet- fing here. yesterday of the board of directors of the Monarch mills. The company hag outstanding $3,000,000 in common U‘d $1,000,000 in preferred stock. ¢ dence. The branch, as planned, tain three tellers’ windows, adequate safe deposit facilities and a spacious and elaborate vault. «Local Stock Trading. .| Washington securities recovercd Sales—None. ' . 2 white, new, 52%; No. hite, new 51%. = " s : : A debating society of Washington Rye—Nearby, 7oa85; No. 2 rye, 8pot, | cpapter, American Institute of Bany- BUILDING CONTRACT FORBANK AWARDED District National Pushing Plans for Branch—Trading on Local Exchange. Plans for a branch office of the Dis- trict Natlonal Bank, which has been cantemplated for Some time, have as- sumed definiteness with the awarding of the contract leading to its con- struction. Hall, Herring& Co. of Cincinnati have been awarded the general erec- tion contract through their local agent, Ross P. Andrews. The work of installing the marble and mahog- any fixtures his been given to F. X. Ginter of Baltimore. The new institu- tion will be ready to open.its doors by about the first of the year, it was sald. The District National's new branch will be the first under the interpre- tation of thé law governing branch banking, recently -handed down by Attorney General Daugherty. This interpretation did not affeet branches already organized, but made the pro- vislon that future additignal offices should function as merely “tellers windows.” It will be located at the corner of Connecticut avenue and K street, in the building which was re- modeled from the old Draper resi- will con- much_of their lost activity of the past few weeks this morning, when a good volume of trade passed over the board. Prices, generally were firm and unchanged. Commerclal Natlonal Bank stock was the real leader of the sesslon, with a total of eighty shares chang- ing hands at 141, the prevailing level of the issue. Capital Traction was unchanged at 99 and fifty shares ol Lanston were disposed of at 72% Washington Gas stock was firmer 43% and Railway preferred sold at T1%. X‘? s were strong. Washington Gas 6s sold at par snd %. with the 5 per cent issue of the company firm at 93%. Capital Traction &s brought 941 4nd a sale of $1,000 Metropolitan 5 per cent bonds was made rallroad at 98%. Loeal Bonds Oversubscribed. The recent bond issue of $500,000 of local Potomac Joint Stock Land Bank 5 per cent bonds has been ov subscribed, it was reported by George A. Harris, president of the bank, this morning. i The issue, which is of thirty years maturity, was offered at 103, callable after ten years at par. $2,000,000 Isaue Offered. The National City Company is to day offering locally $2,000,000 of Stat of West Virginia road 4}; per cent gold bonds at a price to yield approx- imately 4.40 per cent. The issue is dated April 1, 1923, and the proceeds of the sale will be used for high- way purposes In the state. Bank President Recovers. George O. Walson, president of the Liberty National Bank, who was re cently operated on for appendicitl: will resume his active bank duties “the firet sunny day, the bank this morning. Chapter Plans Debate. it was sald at ing, was organized last night, with the following officers: Clarence F. Schatz, president; A. E. Henze, vice president, and Lois A. White, secre- tary. The society will hold meetings every Monday evening. The subject for the first debate will be, “Resolved, That _the tax on incomes under $10,600 should be reduced before there is any reduction in the tax on higher incomes.” BELL BOND ISSUE ALLOTMENTS FIXED Oversubscribed Three Times—Cot- ton Seat, $30,000—Merks $1 for Four Trillion. By the Associated Press, NEW YORK, November 7.—Allot- ments of subscriptions to the $100,- 000,000 offering of American Tele- phone and Telegraph Company bonds sold last Monday will be on a 35 per cent basis, !t was sald toda: New York Cotton Excaar N, L. Carpenter for $30. orease of §2.000 over the las previos marks appareaty hav passed out of consideration amo: New York banking house impossible to obtain a quotation to- day. Nomiaal quotations Hsted them at 4,000,000,000,000 for a dollar. Street hawkers sold the paper marks today for 2 to 5 cents per 100,000, The La Clede Gas Company has de- clared a dividend of $3.50 a share on the common stock, payable Decem- ber 1 to stock of record November 1 Net income of the Tidewater Oli Company for the nine months ending September 30, 1923, aggregated 33. 454,748, as compared with $3,204,518 in the corresponding period last year. EIGHT NEW RECORDS MADE BY RAILROADS More Cars, Engines, Repairs, Freight and Tonnage Among Accomplishments. By the Assoctated P NEW YOR vember 7.—Di- rectors of the American Rallways Assoclation, after a meeting today. announced that American rallroads had established at least eight records during the year. s More_new frelght cars and new locomotives were addéd during the period than ever before; a greater number of ‘Tepairs were made to rolling stock: a'new figure was set for moving freight tonnage; the av- erage mileage of each car each day was greater; car congestion was eliminated with virtually no embar- goes; a greater amount of rallroad coal was_stored than ever before: more coal was dumped at Lake Erie ports for delivery to the northwest and every freight car has carrled an average of 5,011 tons one mile each DRY GOODS ADVANCE. EW YORK, November 7 (Special). —The cotton goods market took. an upward swing today after Tuesday's hollday, prices in some cases reaching their highest level in months. The 64 by 60 print cloths were quoted at 10% cents, which was equal to the previous high they had made on Sat- urday, and the 68x72 were quoted at 123 cents, a new high level for the movement. The raw silk market was quiet, with quotations of Monday pre- vajling in most instances.

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