Evening Star Newspaper, November 8, 1923, Page 26

26 INANCIAL NEW HIGH LEVELS | INAGTIVE STOCKS Stromberg Up Over Seven| Points—American Can : Above Par. NEW Y( high prices for the pres ment were made all through the in- dustrial list on the exchanse today. There were no new consid ations work. The market W simply proceeding under the momen- after more than a week stock at tum acquired of adv; Ameriean Can advanc Tocomotive and Stude thelr previous high jump in Stromb some of th out Other motor shares W with Studebaker, notably tors A The rea motor gr mobhile t its apprehe Adudti llr i war and eventua manufacture, has been wholly un- warranted so far. A gre; deal of | short st« was put out on this mis- | assumption, and these short sellers have heen slow to abandon the | field. But today it v covering which was 1 the strength in the motor o accessory shares Stromberg’s Poxition. ion for the ris Juretor were | nding _incident along ctrength of the | Wall street has that | rding overpro- price-cutting rtailment of fm the son ou s it was i all trustwe A for carburetors. i other sutomobile ago. Accordin accounts, the de s well as for ma g ts, has been r Kably w ned at the season slump is exp tromberg brok Jlely to market conditions Tic tion regardless of was the dividend ¢ the k wa When was due being under short coverin der new willing of the ver. ner and s who we. he the bea directions adly, joined in than a f d A their third qo \ 10 short right in t stocks, bid preferred in ferred from Among the rails the main feature the continued strength of the bashes. This was due in part to U gact that the expectation of dividend on the preferred A appears not unre: sonable. Mack Trucks was bid up again tod and its advance caused many to won- der whether the directors would declare tra dividend at their mext quar- the regu- and now disburs nd Leather points. the common in th honth: and $22 is the figure estimated for th tull twelve months. | Copper Stocks Helped. y The copper stocks were helped mod- iy ancement that the ound on practically < How- ever, the effect wa ounced in connection with coppers as it was in contributing to the decidedly impro: sentiment toward business and the se curities markets. CRUDE OIL OUTPUT DROPS DURING WEEK Decrease, However, Is Only 10.050; Barrels—Imports Show { Increase. By the Assoclated Press. NEW YORK, November 8.—The daily average of gross crude oil pro- duction in the United States decreased 10,050 barrels for the week ending November totaling 50 bar- rels, according to the weekly sum- mary of the American Petroleum In- stitute. The daily average production east of the Rocky mountains was 1,- 470,450 barrels, an increase of California production w: barrels, a_decr Daily principa ber wer with imports of petroleum { for month of Octo- barrels, compared September, the previou ceipts of Califgornia and gUIf coust ports for month of Oc. tober were 191,323 barrels, compared with 184,267 barrels for September, | 1d for the week ended November 3, 04 barrels, compared with 181,143 Darrels for the previous week. COMMODITY NEWS WIRED STAR FROM TIRE COUNTRY nber §.—Reports TH EV + 'STAR, WASHINGTON NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adams Express. Adv Rumley pf. Ajax Rubber Alaska Gold. Alaska Juneau. Allied Chem . Allied Chem pf. Allis Chalmers. . Allis Chalm pf. . Am Agr Chem. . Am Ag Chm pf. . Am Bank Note Am Bosch Am Brake Shoe. Am Can. . Am Can pf. Am Car & Fd Am Car & Fp Am Chicle Co Am Cotton Oil. Am Cot Ofl pf.. Am Express. Am H & Leath. Am H & Lea pf Am lce. Am Interna {Am La France. Am Linseed. Am Linseed pf Am Locomotive. ip & Com. Am Smelting | Am Sugar. Am Sugar pf. Am Sumatra Am Tobac Am Toba 5 Am Tob pf (n) Am Water Wks. Am W W 6% pf. Am Woolen Am Woolen pf. | Am Writ Prpt Anaconda. Armour of Del pf. Arnold Constab, Atlantie Gulf. At Guif pt Atlantic Ref. 3 co. . Balto & Ohio 1to & Ohio pt. 1k Bro 1stpt Beth Steel. ... Beth Stl 8% pf. Booth Fish. . Blumenthal pf. sklyn Rap T fp. Brown Shoe. Burns Bros (A). Burns Bros (B). Butte & Super Butterick. .. Callahan Zin Canadian Pac. .. Centrai Leatn. Cent Leath pf. .. Cerro de Pasco. Chandler Mot. .. Chesap & Ohio Ches & Ohio pf. .. Chi & Alton pt. Chi & East Iil... Chi Grt West. Chi Great W pf. Chi Mil & StP.. Chi Mil &St P pt Chi & Northwn. Chi Pneu Tool ChI R I & Pac... Chi R 1&P 7%pf. Chile Copper. Chino Copper. ... Cluett Peabody. Coca-Cola. Colo Fuel Colo & South Columbia Gas. .. ColumbiaGraph, Col Graph pf. ... Columbn Carbon Comp Tabulat Congoleum Co. Cons Gas of NY Cont Can.. Continental Mot Corn Products. Cosden & Co. Crucible Steel. Cuban-Am Sug. Cuba Cane Sug. Cuba Cane S pf.. Cuban Dom'can. Davison Chem Deere Copf..... D Lack & West. Detrolt Edison.. Dome Mines. . Douglas Corpn.. Dupont (E ). Dupont deb. Duquesne 15t pf. Eastman Kodak EatonAxle &Sp. Elec Stor Bat. Elk Horn Coal Emerson-Bpf. ., Endicott-John. . Endicott-J pf. Erie.... Erie 1st pf. . Erie 2d pf. Famous Players. Famous Play pf. Fed Mines & S Fd Mines &S pf. Fifth Ave Bus Fisk Rubber Fleishman. ..... Foundation Co.. Freeport Texas. Gen Am Tk Car. Gen Am Tk pf.. Gardner Motor.. Gen Asphalt. Gen Asphalt pf. Gen Baking. Gen Cigar. | Gen Electric. | Gen Blec spl. Gen Motors Gen Mot 69 deb. Gen Mot 7% deb. from ious =ections of the state show farmers are bidding agalinst | each other for hands to harvest their | crops. In northeastern Colorado they are hard put to it to gather their corn and sugar beet diggers and | teamsters are In demand in the Ar- | valiey. o diggers. | | EW ORLEANS, November 8.—Job- | s of toys and holidav goods say | that their a of those of last s n, although the is not up to the expectations. Merchants, they say, are putting off | their buying as long as possible. SHREVEPORT. La., November §.— | new well brought in eight miles | m the Pine Island field of Caddo parish at 2.X80 fee 500 feet dee than the Caddo field average, hailed as opening a new producing ar PHILADELPHIA, November §— More interest has been shown this week in upper leathers. Kid tanners Iook for a broader European market. ! Sole leathers are quiet. Heavy steer| backs are quoted at 46 to 48 cents and! cow backs at 40 to 42 cents, GRAND RAPIDS, November 8.—The outhound furniture movement from factories here has increased 6 per cent as compared with this season | 1 yvear, while inbound shipments of | iaterials have risen 13 per cent. / ST. PAUL, November 8.—Egg re-|IntMMarinepf. 35 ceipts have fallen off greatly here and ' the best grades now are selling at 39 cents a dozen, an advance of 11 cents since September 1. CUERO, Tex.. November 8.—Texas will ship $2,000.000 worth of turkeys 1o market for Thanksgiving, accor jiz to cxtimates by breeders today. Zhe Tepan crop-is unusyally lacge 1 Gimbel Bros. . Gimbel Bros pf. Goldwin Corp. .. { Goodrich. . Goodyear pf. Granby Consol. . Gray & Davis. Great Nor Ore Greene-Canan Guantana Sug Gulf Mo & Nor Guif St Steel.... Hartman (new) Hayes Wheel. Hendee Mfg. Homestake. Househ'd Prod.. Houston Oil.... Hudson Motors. Hupp Motors Hydraulic Stl. .. Illinois Central 1111 Cen pf(w 1) .. Ind Oil & Gas. 1ndian Refining. Inland Steel. . Inland Steel pf.. Inspiration. ... Interb Rap Tr.. In Ag Chemical. In Ag Chem p*.. Int Cement In Combust E. .. Int Harveste: Int Mer Marine. Int Nickel.... Intl Paper. Intl Paper (sta) Int Shoe Invincible Iron Products. Island OIl. Jewel Tea. Open. High. 68 68 26 25 % 1 67 s 108 41 92 1% 34 90 29% 72 1017 Am Tel & Teleg. 1 12% T Six countles need |Gt Northern pf.. 56% 31 14 bla 18% ance sales are far ahead | Guie M & Nor pf. 49% 7% 40% 36 17 60 33% 49% 25 101% 26% 12% &l 4% 87% 21% 7% 9 11 30 63% 8% 8 Low. Close. 68 68 25 5% ® 641% 26% ! 21 101 104% 4% b 35 101 27 12% 1% 6 391, 221 7% 9% 34% 115 33 63 73% 84 48% % 16% 5 Jones Tea...... Kansas City 8., Kayser (Julius) Keily Spr Tire Kennecott...... 1 Keystone Tire. . {Kinney G R. Laclede Gas. ... Lee T & Rubber. Lehigh Valley. . Lig & Myers Lima Locomo. . . Loews Inc.. LoftInec.... Loose-Wiles. .. Lorillard (P). Louis & Nash. Meclntyre P Mack Trucks. Mackay Cos. . Mackay Cos pf.. Macy Co. 5 Magma Copper. Mallinson & Co. Manhat El Sup. . | Manhatn ¥l guar Manhat Shirt. .. Manila El Corp. Maracaibo Oil. . Market St Ry... Market St prior. Market St pf. .. Market St R 2d. Marland Ofl. | Martin-Parry Mathison Alklll. Maxwell (A). Maxwell (B). May Dp Stores. Mex Seaboard Mex Seabd ctfs Miami Copper. Middle St Oil. Midvale Stee Minn & StL..... Minn StP & SSM. Mo Kan & Tex. . Mo K & Tex pf.. Mo Pacific. . Mo Pacific pf. Montg'y Ward. . Moon Motor Mother Lode. Mullins Body... Nash Motors. Nat! Acme Nat Biscuit. Nat Cloak & Suit. Nat Cloak & S pf. Natl Enamel. Natl Lead. Nat Supply. . ... Nevada Copper. N Or Tex & Mex. N Y Alr Brake. . NY Air Brk (A). NY Chi & StLpf. N Y Dock.... N Y Dock pf.... NYNH&Hartfd. NY O & Westrn. Norf & Wes North Amer. North Am pt North Pacifl Oklahoma Prod. Orph reuit. Otis Elevator. Otis Steel. Otis Steel pf Owens Bottle... Pao-fic Develop. Pac Gas & Ele Pacific Oll. ... Packard Motor. Packard Mot pf. Pan-Am Pete. .. Pan-Am P (B).. Panhandle : Penna Coal & Pennsylvania. .. Penn Seabd Stl. People’s Gas. . .. Pere Marque Pere Marg bt Philadelphia Co. Phila Copf..... Philip Morri Phillips Pete. ... Phoenix Hosie Pierce-Arrow Plerce Ar pf.... Plerce Ar prior. Plerce OH. Plerce Ol DE. ... Pitts Coal. . - Pitts Utilities pf. Pitts & W V: Postum Cereal. . Pressed Stl Car. Pressed St C pf. Produc & Ref... Pub Service. Pullman Co..... Punta Alegre. .. Pure Oll.. . Rallway Stl Sp. Ray Con Copper i Reading. < Reading 1stpf.. Reading 2d pf. Remington. Replogle Steel. Rep Ir & Steel.. Reynolds Spr. Rey Tobac (B).. Royal Dutch. St Joseph Lead. St L&San Fran. St L&San Fr pf. St L Southwn. .. §t L South pf. Savage Armi Schulte Stores. . Schulte pf. . . Sears Roebuck. Seneca Copper. . Shattuck-Aris.. Shell Tr & Tran. Shell Union. Simmons. Stinms Petrol Sinclair Ofl. Sinclair pf. Skelly OIl. South Pacific. Southern Rwy. . Southern Ry pf. Spicer Mfg Co. Spicer Mfg pt. St Ofl of Calif Stand Ofl of NJ StOilof NJpf. i Sterling Prod... i Stew’d-Warner. Strombg Carb. . Studebaker. . Submarine Bt. Superlor Oil | Sweets Co of Tenn Copper. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & PC & Ofl. Tide Water Oll. . Timken Bearing Tobacco Prod. .. ‘Tobacco Prod A. Tobacco Pro pf. Trans Cont Oll.. Twin C R Tran.. Underwood..... Union Bag & P.. nion Pacific. Uniop Pac pf. Un Alloy Steel. . Un Cigar Strs. .. United Drug. United Fruit. ! United Ry Inv.. Utd Ry Inv pf. {USCastIPipe. {UBCastirPpf. U S Hoffman M.. U 8 Indus Alco. . S Smelt&Ref. U S Smelt&R pf. U S Steel. . U S Steel pf. Utah Copper. Utah Securiti Vanadium Corp. Va-Car Chem Van te. Va-CChem (B). Va-C Chem pf. Vivadou.... ‘Wabash pf (A). West Penn Co. 1116 ! Open. High. Lew. Siose, 28 17% 864 24% 33 2% 51 834 13 60 217 65% 28 1% 36 25% 335 3 [ 83% 13 614 217 667 17 6 5642 4 1 64 1% 201 613 10t 41 51% b3 85 184 46% 51t 178 103 81% 6 513 34 14% 26 9% 18% 83 16% 43% b2 864 35 66% 14 88 B4% 33 116 59 83% 67 102 10% 2% 8 110 65 63 307 92 2T% 2T 174 - 175 354" 36 24% 1 28% 827, 33 2ing 8% 51 b2 83 g 83 13 V18 80 614 217 §217 65 ¥ 657 174§ 174 64 6l sou! 66,15, 161 $161 87! 87% 16% 16% 78f 8% 110 1110 6 © 65 621 63 291) 30t 30 ° 30 40% 40% 301 30 4218 92 2115 10% 66 33 26 21% 30 374 464 14% 841 104 97 214 5 1% 4% 10% ! 28 9 25% | 2313 62 10% 414 524 b5 85 187 45% 116% | 511 GILT-EDGE BONDS IN GOOD DEMAND U. S. Loans Strong—For- eign Groun Firm—Railroad Issues Irregular. BY GEORGE T. HUGHES. ccial Dispateh to The Star. NEW YORK, November §—With but few exceptions strength prevailed throughout today's bond market, re- flecting Investment buying of high- grade securities based on the money outlook, the more favorable feeling in evidence in the stock market and the optimism born of the reception accorded to recent meis issues, The buying of gilt-edge bonds was ! selective, attention being concen- trated on a comparatively small num- yber of desirable issues. Prominent {among these were Louisville and Nashville unified 4s fn the railroads and United States Steel sinking fund in the industrials. Central Pacific first 4s and New York Central s were in demand. Government Loans Strong. All the United States government loans w strong. Apparently the probability of the passage of a bonus bill is having no adverse effect just now. Among the specialtie: I strength was shown by Market Street Ratlway 5s and 6%, the former ad- vancing a point in the first two hours. At the 55 were up nearly 4 points above the low of three weeks ago. United Railway investment 5s, the ob- ligation of the holding company for Market Street Railway, were also taken at advancing pri United Railw of St. Louis 4s was another traction to show improvement. There continued recovery in the 3d Avenue adjustment 5s, 2 points above the recent low. Railx Are Irregular. Speculative rails were more or less irregular, with the St. Paul and the Missouri Pacific issues failing to show much rallying puwer. Wheeling and Lake Erie refunding 4'ss sold frac- tionally below Wednesda, high, but {with & good demund reported just below the market. The Wheeling Lake E has made a remarkable re- covery in earning power, net operat- me of $420,000 September 3 r comparing with an operat- ing deficit of nearly $76.000 in the same month a year ago. The 412 per t bonds are up nearly 3 points in & ecting this improvement in 1 pusition. nds were Kingdom 5% ever, made another -ar in response to ng exchange, ay's New Offerings. ¢ offerings of the day in- i 5,000,000 in steworthy mostly steady. 1929, how- low for the weakness in g 90 to yield { per cent to maturity. A similar unt, with the same coupon rate and also maturing in 1953, was offer- “ebruary at 88. These bonds sold at 90, the offering price of the new issue, on the exchange today. There are two other Dutch East In- dies issues listed and traded in, both . one maturing in 1947 and one in 1952 Another new issue was $5,000,000 in {Ilinoie Power and Light first and {refunding 6s, maturing in 1953, at to yield over 6.10 per cent. Also offered today $1.000,000 in of the 193 ntures Power, due cent. Tenn a 6 per sbligation traded . to vield about 6.6 per H honds were fractionally | higher todny | _ GOTTON FUTURES ARE BARELY STEADY 17% ! 103 1% i Yesterday’s Sharp Advances | | Cause of Heavy Selling | Orders—Buying Follows. By the Associated Press, NEW YORK. November 8.—The cot- ton market opened barely steady at a decline of 11 to 15 points, and the active positions sold 70 to 72 points net lower after the call under heavy realizing and selling for a reaction. The latter was encouraged by the rather easier ruling of Liverpool and reports of warmer weather In the |belt, but trade interests were active |buyers on the declines, which also | brought in rebuying by recent sellers {and prices soon recovered a good part lu.’ the loss. January advanced to 33.38 after selling off to 32.95, with | the general list-about 25 to 30 points inet lower during the early trading. The census report showing 7,554,587 |bales ginned to Novembrr 1 had no {epparent influence. Ginning Report Anticipated. NEW ORLEANS, November §.—Gin- ning figures of 7,654,587 bales as the production cf the 1st of November fully met bullish expectations in the cotton market today and prices were 3 to 5 points up on the opening. An immense volume of realizing sales met this small advance and drove prices 68 to 91 points under the last sales of Vesterday, December falling to 32.65, after having traded up to 133.60. New buylng was encouraged by these levels, and at the end of the first half hour a rally of 50 to 60 points from the lowest occurred. Market Prices at Noon. NEW YORK, November 8.—Cotton futures, 11:45 a.m. bids: Steady. De- | cember, 33.51; January, 33.18; March, 33.37; May, 33.40; July, 32.91. NEW ORLEANS, November 8.—Cot- ton futures, noon bid: cember, 33.30; Janua % 80 12% b4te 59% 72 7 21% 51 5% 5 19% % 8 2% 73 276% 278 13% 13% 64 64 High, 5 Western Md. West Alr Brke | West Pacific. . West Pac pf. | Westhse E1&M Westhse 18t pf. Wheellng&L E | White Eag Oll. | White Motor. White Oil Wickwire. { Wilson Co...... Willys-Overld. . Willys-Overl pf ‘Woolworth. Wright Aer Youngstn Tube. 9% 80 12% 6415 594 72 7 22% b52% % 5 19% 58% 72 7 21% 51 5% 3% 19% % T1% 276% 278 12% 12% 64 64 Low. Last. Call Money. . 5 6 HOURLY SALES OF STOCKS. 11am....319 600 12m. 516 200 1p.m. 692 000 2p.m.. 964 700 —— BANKS PLAN BIG MERGER. BUFFALO, N. Y., November 8.—DI- D. C, THURSDAY ent | N (Bales are 1n §1,000.) * UNITED STATES BONDS. (Fractions represent _thirty - seconds. Exampl means 98 3-32.) Sales. High. Low. Close. Lib3%s...... 532 99-22 99-18 99-22 Lib 1st-2d 431 97-20 9720 97-20 Libist4ys, 98-56 98« 982 Lib2d 43 98-3 98- 98-1 Lib3d 43 99-3 99- 992 Lib 4th 4% 98-6 98-2 984 US4%s1962. 137 99-16 99-14 99-16 FOREIGN. Bales. High, Low. Argentine 7s.. 102% 102% 88% 8B4 98% 98% 961 96% 100% 100% 87% 87 8% 8% 79% 19% 9 98% 100 101% 100 99% 104% 103% 104 963% 48% 89 1Y% 93 Closs. 102% 68% 98% 96% 100% 87% 8% 9% 93% 98% 100 01% 100 99% 104% 103% 104 " 95% 48% £8% a1 924 109% a4ty 0% 95 94% 898, 98% 94 1% 1% 3% 2% 9% 78% 45 28 864 96% 11 93% 93% Belgium 748, 1 Belgium 6s. Belgium 8s. Bolivia 8 Bordeaux Brazil 7s Brazil 8., Brazf] 1 Canada 5s Canada 5345 1929 Canada 58 1931 Canada 6s 1962 Chile 8 1946. . Chile 85 1926 Chile §s 1941 Chile 78 1943. Chinese Gov Ry Copenhagen 5%8 Cuba 5%sctfs...... Czechoslovakia Sa. Denmark 8s Denmark 8s. Dutch ET6%s. .. Duteh Bast I ¢v: 6 Framerican 7%s. . French Govt 8s | French Govt 7% Halti6s........ Holland-Amer 6; Japanese 1st 4% Japanese 2d 4%s Lyons Marsel Mexico Mexico 4 Montevideo 7 Netherlands 6s Norway 8s.... Norway 6s 1943. Norway 68 1952. Ortent Dev deb 6s. Paris-Ly’s-Med 6. BonbBrenBoboabovnaan 109% 8dty 90% 95% 94% 89% 98% E2) 9% 1% 93% 92% 79% 8% 45% 28 86% 96% u1 Queensland 6: Rio de Jan 85 1948. Rio de Jan 8s 1947. Rio Gr Do Sul 88 | sao Paulo.City. 894 88% 95 96 99 664 82% 1031 1128 1084 101% Ud Kingm 6% . Ud Kingm 5%s '37. Uruguay 8s 103 Zurich 8a. 110 MISCELLANEOUS. Ajax Rubber 8 1 Am AgrChem 7%s 14 Am SmIt&R 1st 5s. 13 Am SmIt&R 6s Am Sugar Ref 90t 978 92 5 1015% 100t Am Writ Paper 6s. 9 Anaconda cv db 7s. 29 Anaconda 1st 6 Armour & Co 4 Armour of Del 5%e 13 As#o Ol 6s ret Barnsdall s £ 8 Bell Tel Pa 5 Beth Steel 6%s'53, Beth Steel rf 6: Beth Steel pm | Beth Steel s £ 6 Brier H St 18t 534n Bklyn Edison 78 D. 14 Bklyn Ed gen Bush T Bldg 5s'60. 1 Calif Pete 6%s w 1. 17 Central Leather 63 29 Cerro de Pasco 8 Chile Copper §s. CinG & E 5%s '62. Commonwth P 6a. Con Coal Md 1st 5a., Cuba Canecvdss. 17 Det Edison ref 6s.. 2 Du Pontde N 7%s. 16 | Duquesne Light 63 9 Fist Cuba Bug 7%s. 14 Empire G&F THs.. 7 Fisk Rubber 8s.... 15 Gen Elec deb 5s. 4 Goodrich 6% = Goodyear 8s 1921.. 10 Goodyear 851941, . . Hershey 68 1942... 7 | Humble O&R 5%4s. 4 i Illinois Bell 1st 68. 16 Int Mer aiarine 6s. 52 Int Paper 1st6sB. 3 TKCP&LtbsA'S2 11 Kayser (J) 7s. 1 Keily-Spring 8 12 { Liggett & Myrs 6s. 10 Magma Cop cv 7e.. 12 Manati Sug st 7%s 2 Marland Ol18s°31. 5 Mer& Mfgaf7s'4l 4 Mexican Petrol 8 Mich St Tel 1st 5s. Midvale Steel 5 Montana Power 5 Morris&Co 18t 43%s Nat Tube 1at bs. New Eng Tel bs... N Y Edsn Jst 6%, NYG EL H&P 68 NY Tel 6s'41 N Y Tel 6349, N Y Tel 4%s. N Am Edison 6: Nor States Pow 5s. Nor States Pow €s. Northwst B Tel is. Otis Stesl 7%s. Pacific Gas & El 63 Pacific T & T 63’52 PhilaCoref6sA.. Phila Co 5%s '33. Plerce-Arrow 8s Plerce Oll deb 8s. . { Producers & Rt §s Publlc Service 58.. Punta Alegre 7 Saks & Cos s Sinclair Ol 7 Sinclair Ofl 6%s.... Sin Crude Ol :n Crude Oll 5%3. Sin Pipe Line bs. .. South Bell Tel 8o Por Rico Sug 7 Steel & Tube Ts. Sug Est Orlent 7 Tenn Elec Pow 6s. Tide Wat Ol 6% | Tobacco Prod st 7s Toledo Edn 1st 7, Unit Drug cv 8 USRublstrfbs.. U8 Rubber 7%s. USSteelsfbs.... Utah Pow & Lt ba. Vertientes Sug 7s. v Va-Car Ch 7% Warner Sugar 7 Westinghouse 7 West Union 6%s. . Wickwire Spen 7s. 22 Wilson & Co 18t Wilson&C cv 1% Wilson & Co cv s. ‘Winchester A 7% Youngstn S& T 6 WILL STUDY FINANCING OF AUTOMOBILE SALES NEW YORK, November 8.—Forty- five bankers from New York and 6 94% 935 108% 804 8274 . 104% 102% 974 108% 929 99% 105 104 100 864% 94% 79 995, 9655 109% - PELTPR-L i) BeBuaon - 854 96% 86% 81% 95% 100% 102% 954 2% 1023 1078 106% 110% 844 108% 102% momaS-E 95% 84 64 103% 1073 109% 89 5% 94% B4% 10215 3% 7 1 9 2 2 4 3 4 2 2 [ 5 1 1 19 904 | VEMBER 8 Ann Arbor 4s. Atchison gen Atchison adj 4 Atlantic C L 1st 4: Atlantic C sW Bklyn-Ma BkIRT 7 Buff R&P! Car Clinch &Oc Chi & Alto: Chi & B Il1 Chi M &St Chi&NW Chi&NW Chi Rys 6 CCC&St L. Cuba Cul Del & Hud. Erle gen Erle conv Erie conv Green B & 111 Cent rei Towa Cent Kansas Ci Kansas Ci Lehigh Louis & Louls & N Market St M & St Lrf Mo Pacific Mo Paclfic NOTex & | N Y Cent a Y Centr B&Oprinsys B& O gold 4s. B & O Toledo 4s... 11 Canadian North 7s. 10 Canad North 6%s. Canad Pac deb 4 Car Clinch & O 6s. Cent of Ga 6s. Central Pacific 4 Ches & Ohlo cv bs. Chq Ches & O gn 4 Chi & Alton Il* Chl B&Q gn 45 '58. Chi B&Q 18t rf 5s. . Chi Great West 4; Chi GrWest 4s (n). CM & Puget Sd ¢s. Chi M&St P cv bs.. Chi M&St P 45265 Chi M&S P ov 4% CM&StPgn 4 ChIRI& Pacrtds Chi Un Sta 6%a. ... Int Rap Tran 5s. int Rap Tr bs stpd Int Rap Tran 7s, Int & G Nor aJ Int & G Nor 1st 68 Kan City Ft 8 4s. Kan City Term 4s. Lake Shore 45 °28. Lake Shore 45 '3 Louls & Nash 7s Mil El Ry & L 58. 1923 FINANCIAL [seor+ vorx BONDS i sz Received by Private Wire Direct te The Star Office. RAILROADS. Saies. High, 66% 9% 19% 86% 81% 96% 81% 101% 84 84% 6% 95% 67 67 84% 87% 118% 1% T9% 1% 96% 100% 874 895 87% 84% 54% 31 86 99 % 48 45 51 b1 56% 1% 55% 78% 108% 107 6% 4% L cl 4 div3s. 24 nhat 6s. 117 21ctst 2 tt4%s.. 4 &OS5s. . v 43 n3%e &n bs. Predtes % s rfés A Cleve Term 5%s RR7%s. RR6s. Del & Hd 1st rf 4s s0n 6148 D& R G 1st rf G 4s A 4sD. Grand Trunk 7s Gr North gen 7s. Gr North gen 5% W db B, Havana ERL&P 63 Hud & Man ref s. Hud & Man aj 5s.. Tl Central 53 f 586 Tf4ds. . ty § 3s.. ty S 5s o RSN B —a o ley 6: ni dn... @ 58 2003. cn 5s. o e & =R f ex Gs.. M & St L 1st rf 4: | M StP & SSM 6% M StP & SSM cn 4 MK & T 1stds MEK&TprinbsA. MK & T4sB. MK&T6sC. MK & T adj bs. 6s gn Montrl Tm 1st 5 M in bs. N Y Centgen 3%s. 87% | N Y Cent deb 6 eb 45, [ Y CenLScl New Have ncd 'w Haven 7s ew York Y Ry rf w Yor': Ry rf 4 4sctfs.. Ry aj bs ¥ Y State Ry 4143 NY W & Bos 4341, Norfolk & Norfolk & Pere Marq |StL&sF StL&SF ISKL&SF StLSW 1 Third Ave Third Ave Union Pac 1st Union Pac 1ot rf 4s Jnion Pac cv 4s.... nion Pac cv 6s. Union Pac 1st rf 55 Virginia Ry 1st b VaRy &P 1stbs... ‘Wabash 1st bs. ‘Western Md ‘Western Pacific 5s. ‘Whel &LE rf ¢%3. TOTAL SALES (Par Value): Wen 4s. W ey rthern Pac 38 rthern Pac 4s. Northn Pacr16 Northern Pac 5s D. O Short L cn 58 '46. Ore Short Liref 4s. Pennsyl gen bs. Pennsyl gen 4% Pennsyl 6% | Pennsyl gold 7s. Pennsyl con 4% 1st 6 1, | Readinz gen ds.... 9318 | St L IM&S R&G 4s. pidsA.. prln b8 inc 6s. st 4: St LS W con 48 StP & KCShL 4%s. Seab’d A Lref 4s... Seab’d A L ad} b Seab'd A L con 6s. Sou Pacific 43 1929.115 18 Southern Ry 1st &s. Southern Ry gn 4 Southern Ry 6%8. . ref 4s. adj 5s. 1027 9914 941 8% 96 574% 79% 49% 96 9% 49% 8036000 12 nobn. 4570000 6740000 2p.m.. 8358000 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Rate—Maturity. December 4 41 March 1§58 March 5%s June 1 5i4s Septem] 4% March 1488 B 4 pteml Au! March 4 American Te Raltimore on ea Cent. Al Central R. g0 n 15, o 1552 December 15, s December’ 15, Capadian Northern 5t 1. & Pac. Bias Tel. Gu 1923. t Tigs 1031, E1. 11, of Bos. 53w Federal Sugar Ref. ——Noon. Otter. 99 3132 1001 1 100 116 16 1005332 101 6 101 1-16 100 17-32 00 15, 1023, 12: 15, 1024 ber 13 15, 1 1025 192 15, 1936, Yr ivdr 15, 1927 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) I —Noop.— Bid. 87% { Atuminum Co. of Amer int Co. of | Atnetican Cotton OIl 88 1624 ¥ 6o 1937 [ & Tel. el. & Tel. Anaconds St}:fl;rfifi 7‘ AR nore & Ohlo 6 1024 s 1 (3 1926 tine Rw) ther 3 e 1 Body C: Northe 1936, Great ‘king Valley 6s 1024., Tiochbie Ofl ies 1932 other eastern cities as well as from | M. the west, middle west and south, started today for South Bend, Ind., where they will make a first-hand study of the system now used by dealers of one big automobile com- in financing deferred yment ’:l’z of motor cars. The bankers are rectors of the Citizens’ Trust Com- pany have authorized officers of the steps to Marine The merger will ompans total company to take effect a merger Trust Company. give the Marine Tro-t 28EOLS in- eavesy vi §L99,000,009. with the Because she finds llving on an in- makiag this visit at the invitation of O 350 & week a dificult task, John Markle, president, and Arthur 3. Morris, vice president of the Indus- trial Finance Corporation of New York and South Bend, which conducts $RG Pieia beautiful young women of the Brit- inh peerage, contemplat fim work, - 3 the Duchess of Leinster, one of the es going into Grain, Produce and, Live Stock ! LOCAL WHOLESALE MARKET. Meat dealers today reported the market as being “draggy.” There was very little demand for meats, dealers reported, and there was prac- { tically no change in prices. Cholce cuts of beef were in greatest demand at top prices. Lamb and -veal prices were reported the same as earlier in the week, the market on both meats being steady. Chickens and ducks were in fairly good demand at prevailing prices. The supply of poultry is in excess of the demand, dealers said, in explana- tion of the drop in prices. Eggs—Strictly_fresh, select dled, por dozen, G3asd; average 52; storage, 35a36. O e ‘poultry—Roosters, per lb., 16; per Ib., 40a42; spring chickens. .. 25a26; keats, yOung, each, 50a60; 224, ted, can- receipts, .y — Fresh -Xkilled Don e ., 28a30; roast- hens, per Ib., 28a30 keats, young, 1b., 21a22. per Ib., Dressed spring chickens, ers, per Ib., 30a35; turkeys, per Ib., 40a50; each, 81ass: roosters, per Ib, 2 stock—Calves, g 121 mediam, per Iy 11 thin, per b 8a10. Lambs, spring, per 1b., dv igs, 3.0045.00 each; live hogs, per Ib. Green fruits—Apples, per basket, 50a 250; per barrel, 2.50a5.50. California 7.00; da, -anges, per crate, 6. 0a7.00; Florida, 27502450, " Lemons, per_box, 3.00a4.00. Grapetruit, 3.6034.25. (G'?%’:i“oa‘?""m: twenty-pound _basket. 75a1.00; quart basket, 223%a26; honeydew melons, otatoes, per bbl., No. 1, 250! o 4 S0a1i0, Potatoes, round, per bag, Z.25a2.50; sweet pota- toes, 3.00a2.50 per bbl. Southern l!!\l\lce per crate, 50a1.00; nearby, 50a1.00; Ice berg, 1.00a5.00. Cabbage, northes :)l;]a 22,00 per 100 Ibs.; nearby, 1.00a: 5 Tomatoes, half-bushel basket, nearby, 521,75, Besns, southern, per basket. '35 Peas, per basket, 3.50a5.50. ork celery er_crate, 'gauhed, in rough, 2.50a4.00. Squash, . Peppers, per crate, 1.00a2.50. per bbl, a1.50. Spinach, per barrel, 1.00a2.00. Home-grown lima beans,. per quart, 35a50. Lima beans, per basket, 2.75a3.50. Southern cucum- bers, per b 4.50a5.00. Carrots, 100 1b. sack, GRAIN AND PROVISIONS. BALTIMORE, Md cial).—Potatoes, white, 150 pounds, 1.00a2. ms, barrel. 1252275 .00; beans. bushel, 1.50a3.00; lima beans, bushel, 2.00a2.50; I)e@ql_& {(\fl. 2.00a3.00; brocoli, bushel, 20a25; cab- bage. 100, 4.00a6.00; savoy, bushel, 35a 40; carrots. 100. 3.00a5.00; caulifio) 1.0022.00; celer: corn, dozen, 20a4 4,00a4.50; kale. bushel, bushel. 50a1.00; onions, 100 100a3.75; oysterplants, 100, pepper: basket, 30a50; 5.00a15.00: 'spinach, bushel, : tomatoes, basket, 50a 1.25; turnips, bushel, 30a40. = Apples, packed, barrel, 2.00a4.50; bushel, 50al.40; loose. barrel, 1.50a 2.00; bushel, 50a75; basket, 20a35; box 1.25a2.75: cranberries, bar\;@!. 0 basket, 18a24 x, 2.25a3. basket. 15 Settling Prices on Grali \Wheat—No. 2 red winter, 1.08%: No. 3 red winter, spo . 2 red winter, garlickly, s No. 3 red winter, garlickl red winter, garlickl les—Bag lofs of nearby at 1.10. orn—Cob, new, 4.30a.50 barrel; No. 2 corn, spot. no quotations; track corn, yellow, no quotatioms. Sales—None. 5 Oats—No, 2 white, new, 52%; No. 3 white, nev Rye—Nearby, Hay—Recelpts 95 tons. In com- parison with the demand, the quan- tity of hay offerings is more than ample for trade needs and the ed is off prices. Damaged and low grade ha: s very irregular in valu Outside prices are extreme at the fol- lowing quotations: No. 1 timothy, 5 .00; 4.00a25.00; No. 1 clover, mi .00; No. 1 clover, 24.00a25.00. —No. 1 tangled rye, 15.00a 16.00; No. 1 wheat, 13.00a14.00; No. 1 . 14.00213.00. DAIRY PRODUCTS. BALTIMORE, Md., November 8 (Special).—Live poultry—Turkeys, 1b., 35a43; spring chickens, 24a25; leg- horns, 18a22; old hens, 18a24; leg. 17al8; old roosters, 14al5 17a24; geese, 22a30; pigeons, guinea fowl, each, 50a70. native and nearby southern, 46a4s. good 'to fancy, a34: mearh 34a35; roll proc, 28. pair, 20a kEs—Loss off, firsts, doz., 50a ! Butter—Creame fib., prints, 40a44; ladles, dairy prints, . 38a39: store packed, CHICAGO LIVE STOCK MARKET. CHICAGO. November 8 (United LANSTON COMPANY ONDEND IS VOTED Earnings Ahead of Last Year. Local Exchange Trading. Other Financial News. The board of directors of the Lanston Monotype Machine Company have declared a quarterly dividend of 1% per cent on the capltal stock of the company, payable on Nbvember 20 to stockholders of recoml at the close of business November)20, 1923, it was announced this morning. The board meeting was held in [Philadel- phia late yesterday. From official sources it wal learned that the earnings of th 6 co running slightly ahead of et vear, when $487.375, or 38.12 & dhare was on the 60,000 shares of capital stock. b 3 Miss White Honored. rom almost total obscufity two Jeurs ago to a leading Positicn n the city’s juntor banking circles fs the roud accomplishment of Miss Lofs A ite, secretary to President John Poole 'of the Kederal. £ tional Bank. | cocral-American” Na- This youni woman secretary of the debating s y the local chapter, Amel‘cg.’lhu;r::l':i)l\l:: of Banking. was last night nominated for the presidency of the Senfor com- mercial law class of the chapter, and as her nomination is unchallenged her election next Wednesday night I« assured. Miss White's nomination for the Important post became Known ac the institution this morning, when continued congratulations from out- side chapter members brought out a " Work in the Tocar § n the local institute P’ serlous, though . mot compalamre routine In the Federal-American s curriculum. Out of a total of fifty five elegibles, thirty-six are pursuing active work In the chapter.® This fx not considered unusual, however, as the official personnel of the bank boasts three ex-presidents of the chapter, namely President Poole, Vier President Wall 5 ~ r D. Boyer. er and Cashier Charles Convention Expenses $10,000. _The District Bankers' Association i< ing $10.000 to defray sundry ex. ses incident to the recent conven- tion of the Investment Bankers: Asso clation, held in this city. i o this end, all member: o b9dy have been assessed com!ze:;ur:’:! with thelir total resources. They have been grouped into seven classes, the maximum assessment being $500. with thg”l"mnllmum Dlaced at §50. * < e levy shows two bank, $300 class, five In the $250, Toqr m Lo n the an the $50 listing. 4 Metoen i New Bonds Offered H e, . An issue of $25,000,000 th 51 per cent external 8014 bonds of the at 90 . Who i3 already sinking fund Dutch I‘Jh:;r’v]n‘:":-‘\“ nd interest to yield about .24 p “nt 0 maturity, or more than 520 per cent to \the carliest redemp- on date, Novembe 3 €d locally today. - = 1 as float- The bonds are a part authorized in June, 1‘3 %5‘1’;::.!:‘;; £6,000,000 was sold ndon re- cently, while 65,000,000 gutlders’ wortl of bonds were issued under the same orization and plac Netherlands. B Proceeds of the American { be used to reduce the unfunged dent They will be a direct external obliga- tion of the government of the Dutch East Indles, members of the offering syndicate state, and are not redeem- able during the first ten years, Local Stock Trading, __Lanston Monotype lost @ full point in today's trading on the locsil board, claration of the usmal div vesterday and a favopable re- port on the company's earnings. A total of forty-six shares ichanged hands at 711z, in contrast with 72is only vesterday. hf Washington Rallway and] Electric 4s were in good demand and scored a slight rise to 63%. $7,000 fce value changing hands. Pepco consolidated 5s were firm at 973%, as Were Wash- ington Gas 6s at par and a half. Capital Traction was oft' to 98%, Gas recovered to 49 and Raflway pre- ferred was unchanged at 713, Bankers to Hold Dinner, The Northwest Savings Bhnk will hold its annual directors’ Inner at “hevy Chase Club tomorfrow eve- with the following addresses Jesse H. Mesmerfc Banker, iStates Department of Agriculture).— Hogs—Recelpts, 50.000 head; mostly steady; spots weak to § lower; bulk good and choice 210 to 325 pound butchers, 7.25a7.45; top, 7.45; better grade 160 to 200 pound averages, 7.00 a7.20; bulk packing sows, 6.50a6.65 good and choice weighty killing pigs, 26.25. Cattle—Receipts, 10,000 head; fed yearlings, handyweight steers and de- sirable beef helfers actife; strong to 15 higher; long yearlings held at 12.00; handyweight steers, earl, 11.75; sales numerous at 8.00a9.25: canners and cutters_strong; vealers 25 lower; mostly 9.00 to packers stockers and feeders easy Sheep—Receipts, 15.000 head; active; fat lambs strong to around 15 higher; e sheep and feeding lambs v; fat lambs. 12.50a 9.50a10.00; no ea p; early top feed- ‘ng lambs, 12.90. Today's Chicago Prices. CHICAGO, November 8—With Liv- erpool quotations showing a decline and with predictions current that the United States' visible supply total on Monday would show a liberal in- crease, the wheat market here under- went a decline today during the early dealings. British plans for tarift measures likely to Interfere with United States trade were construed as a bearish factor, although wheat is excepted from the proposed action. On _the other hand, corn strength tended to check wheat prices down- turns. The_opening, which ranged from % to % lower, with December, 1.05 to 1.06%, and May, 110% to 110%, was followed by a further set- | back before the market showed power to_rally. Persistent buying on the part of commission houses, together with smallness of receipts gave a lift to corn and oats. December corn equal- ed the season's high-price record, touching 78. After opening % to % higher, December, 77% to %, the corn market sagged a little and climbed again. Oats started 3% to 34al higher, De- cember, 42%, and later showed fur- ther galns. Provisions were firm, in line with hogs and corn. In the final dealings the wheat mar- ket reversed its action and rose with corn, WHEAT— High, December l.o\‘i . 2 i 2 P PEE ST EARNINGS DROP OFF. BALTIMORE, November 8.—West- ern Maryland railway reports a de- crease of $11,765.03, or 2 per cent, in estimated earnings for the week end- ed October 31, as compared with the same week last year. Karnings to- taled $3686,149.63, against $647,914.66. For the four weeks to October 31, es- timated earnings were $1,901,759.90, as compared with $1.949.217.10, a de- 20, oF 2 per copb, Bright; “Financial First Aid.” by Dr Gregg 'C. Birdsall; “Lending Phena- cites,” by Charles W. Morrfs; “The Phantom Hope.” by Judge Gdorge H Macdonald, and “Virus in Banking." by Francis M. Savage. r" West Back From Tour. Willlam D. West, first vice nt of the Citizens' Savings Ban. ,rfi:'-d:’e turned to Washington. after kpending several months with Mrs. West tour- ing Italy, Switzerland and France. DIVIDENDS. .! . Per'd. Rate. Payable. Multigraph.... Q 40c Ark. Ry, & Lt. pt. Bklyn City R.R.. Q Brown 5 Brown Brown Colum. E. & Col. E. & . 1s¢ pf. Col. E. & P. pr. Fed. L. & Tr. p Gold & Stock l‘l’n i 1 1 1 ee; nn Joaq. L&P pfd San “Jos = (Quotations furnished by W. B. Hil Nominal oy Selllfpg checks Lendon. pound. Montreat, doila Parls, franc. Erusels, franc Berlin, mark Rome, ' lira. Budapest, crow Prague, crown. Warsaw, mark Copenhagen, crown. Christiania, crow) Stockholm,” crown. By the Associated Press. NEW YORK, November 8.—4-Foreign exchanges irregular. Quotafions (in United States dollars): Great) Britain. demand, 4.43%; cables, 4.435%; sixty- gay bilis on banks, 4.41% demand, .0572% ; cables, 0573 demand, .0443% ; cables, 044343, glum, demand, .0492%; cablest &eormany, demand, 0000004000007 cables, 0000000000075, Hollland, de mand, .3845: cables, .3850. |Norway demand, .1440; Sweden, demarpd, .2632; Denmark, demand, .1690; Swifzerland. demand, -1771; Spain, demandi, .1323 Greece, demand, .0154; Polalnd, de- mand, .000000%: Czechoslovaia, de- mand, .291; Austria, demand, Rumania, demand. .0050%: )Argen- tina, demand, .3175; Brasil, demand. .0875; Montreal, .98 23-32. The Bullders and Traders' Exchange, in a survey of prospective) winter Dbusiness, states that the out building activity is promising. Many projects which have been heldl up for some time on account of high labor and material costs now are gding for- ward. Labor released from( some of the industrial plants is Being ab- sorbed rapidly by the buildijg trades. .lli,l%