Evening Star Newspaper, November 12, 1923, Page 18

s ¥ STOCKS SELL OFF i AFTER NEW HIGHS Strong Opening Followed by " Heavy Selling in Spe- | cial Issues. BY STUAR'T P. W 1 to The Star. W YORK, November 12.—New ; high records were made In the stock | markot early today, but later the ad- vance checked, and the heavy realizing in progress exerted their influence. It was a collection of special movements rather than any seneral reflection, and interest cen- tered in these. The rise in T. sales American International accompanied by the aleulations regarding the puidating value of the stock. stimates as to W the would be worth in event the com- pany's as were closed out, have been raised as the result of the re- cent rise in the market. The fact that Marine preferred, of which | American International is the large | awner, was freely sold, while A. I €. was going u regarded as a | suspicious cir and there | was much speculat to what | it meant Sears. Shares of com with the farmers were demand Rocbuck w er, . with rise at on pofnt: Montgomery ympathetically tilizer stoc i Agricultu latter oebuck Leads. | nies doing business once more in s the lead- time of 3 Ward went | and the fer-i 8 arly American Chemical and Interna icultural Chemical, we « goleum Company's op of its 13-point advance had another sharp jump. market has been slow to TeCOg- | significance of the 300 per | i dividend recently declared. | It probab that the present stock is on annual basis. in demand for especially Cuban Cane pre- . but this ‘was due to the im- ion that the recent decline in Sugar prices was exaggerated. The pool in Industrial Aleohol which start operations some time ago Was v ain, putting the stoc sdrich preferred was its from the ex- d only three weeks Shares Spotty. y_shares were regular. There was pr me of last w rond orites, Railway and Wabash . oand w s tching into the Eries. Owing to the coal strike the Septem- ngs of the Erie were not to the showing of previous basis of the re- sults nine months, Erie should sHow for 1923 the 4 per cent on both class red slockf covered, with 5 nt for the at buyving there “ently®in_ Pullman Comp based not only on satisfactory earn-{ and good business, but also on unde anding that important in the shares as been Uy complete Pullman _is at least 314 a share, accord- ing to late estimates, and its business is holding up well, i Teported that in’ the week Novemb 3 both the U. ¢ Company and Kelly Spring- sld more automobile tires than other sin; week so far in “The crude rubber industry is orted distinctly improved. For full months earnings of the rubber and tire concerns are not ex- cted e too encouraging. owever, in and so far in United States will months been re- the Tiquid pr any October said, pirticularly to break *at least ev Justrial Alcohol Strong. Industrial Alcohol's ¢ down_principally to dividend being de- | stock soon. However, | not generally held. In- hol is earning more than share, it getting 37 cents lechol and it is probable e prices will be raised shortly. The reductions in pri of cement, announced were not looked riously by persons in cl with affairs bf International They were characterized as It is understood that an announcement concerning | al Cement will be put out uch me vear important Internatiol this week. MARKET CLOSES HEAVY. Run-Up in Pullman One of Final Features. ssociated Press. W YORK, November 12.—Ad- vances of 1 to 5 points, which had been resistered in the early part of marlket on the strength ary Mellon's proposed re- duction in income taxes and higher commodity prices were materially re- duced or cancled later when the market turned heavy in response to widespread gasoline price cuts and reports of a new stock offering by the Consolidated Gas Company. Sales ap- proximated one million shar: The closing was hdavy. Prices of ti tocks broke sharply in the lings on heavy profit taking ales induced by reports | of new financing by the Con- solidated s Company, that stock dropping 4 points. Some specialties strenthened at the end, notably Pull- man. ana r —_— EXPORTS OF GRAIN Drop of Nearly Half Million ‘Bushels During Week, Figures Show. Grain exports from the United States last week were 1,696,000 hushels compared with®2,147,000 bushels the week before. Figures made public today by the ! Commerce Department-gave the fol- lowing comparisons between exports | vAm tce.... | Barnesdal { Gardner Motor... | Gimbel Bros | Great Nor Ore. { Hartman Corp. . | Homestake. . "Inspiration FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office; Adams Express. Adv Rumley. Alr Reduction Ajax Rubber. .. Alaska Juneau Allied Chem. Allis Chalmers. . Am Agr Chem, . Am Ag Chm pf.. Am Beet Sugar. Am Bosch. ..... Am Brake Shoe. Am Can. . Am Can pf. Am Car & Fdy Am Chicle Co Am Cotton OIl. Am Cot Ofl pt.. Am Druggist Am H & Lea pt. 68 6% 66% 6l 1% 661 41% 11% 36% 35 31% 3% 101% 108% 163 16% 6Y% 19% 5% 45 88 23% 734 118% % 12 58% Am Internat'l.. Am Locomotiv Am Loco pf. Am Safe Ragor. Am Ship & Com. Am Smelting Am Smelt pf.. | Am Steel Fay. Am Sugar. Am Sugar pf Am Sumatr Am Tel & Teleg. Am Tobac (B).. Am Tob pf (n).. Am Water Wks. Am W W 7% pf. Am Woolen. ... Am Writ Prpf. . Am Zinc & Lead Am Zinc&Ld pf. Anaconda. 2 Armour of Del pt. Arnold Constab. Asso D Goods. .. Associated Oll.. Atchison. Atchison p! Atlan Bir & Atl. Atlan Cst Line Atlantic Fruit. Atlantic Gulf. ' Atl Refining pf. Atlas Tack Austin Nich Auto Knitter Baldwin Loco. . Balto & Ohio. .. (B). Bayuk Bros. ... Beechnut Pack. Heth Steel. ... Beth Stl 7% (n) Booth Fish. . Br Em St 2d pf. Bklyn Edison. Brklyn-Man Tr. BrkIn-Man T pf. Brown Shoe. Burns-Bros (A). Burns Bros (B). | Butte Copper Butte & Super. if Pack. Calif Petrol. Callahan Zine. . Calumet & Hecl Canadian Pac Centrai Leatn. Cent Leath pi Cerro de Pasco. Chandler Mot CHesap & Ohio Chi & Alton. Chi & Alton pf. Chi & E H1 pf. Chi Grt West Chi Great W pt. Chi Mil & StP.. Chi Mil &St P pf Chi & Northwn. Chi & Nwn pf. ChiR1 A ChRI&P§%pt Chi R 1&P 7%pf. Chile Copper. Chino Copper. Coca-Cola. Colo Fuel Colo & South Columbia Gas. . ColumbiaGraph, Col Graph pt. Com Solv (B) . Comp Tabulat. Congoleum Co. Cons Cigar Cons Gas of NY. Cons Textile. . Cont Cah. Continental Mot Corn Products. Cosden & Co. . Crucible Steel. . Crucible Stl pf.. Cuban-Am Sug. Cuba Cane Sug. Cuba Cane S pf.. Cuban Dom'can. Cuban Dom pf. 27 82 177 19 621 6% 525 674 | Cuyamel Fruit, Davison Chem. Del & Hudsen. | De Beers. Detroit Edison Dome Min | Dupont (B 1) Eastman Kodak. Elec Stor Bat Endlcott-John Erie. . . Erle 1st pf. Erle 2d pf. Famous Players Fed Mines & S. .. Fd Mines &S pf. Fifth Ave Bus. . Fisk Rubber. Fleishman. Foundation Co Freeport Texas. 6% 46 32 101 84 181% Gen Am Tk Car. Gen Asphalt. Gen Baking. Gen Cigar Gen Electric. . Gen Elec spl. 10% Gen Motors. 14% GenMot 6% deb. 824 481 61 1% 20% 74% 42% 90 16 8% 57 ) 16% 6 13 49% 80% % 41% 83 3614 17% 60% 34 511 25% 21 102 107% 1047% 1% 5y 33% 28 12% Glidden. ... Goldwin Corp. Goodrich. Goodrich p! Goodyear pf. Goodyear pr pf. Granby Consol Gray & Davis Gt Northern pt Greene-Canan. Guantana Sug. . Gulf Mo & Nor.. Harbishaw Cab. Hartman (new) Hayes Wheel Hendee Mfg.... Househ'd Prod. . Houston Ofl Hudson Moto! Hupp Motors. ... Illinois Central. 111 Central pf 111 Cen pf(w ). Indiahoma..... Indfan Refining. Inland Steel. Interb Rap Tr.. . In Ag Chemical. In Ag Chem p*. uf last weele and those of the previ- | ous week: Barle 000 bushels; against 95,000 \ushels, against 64,000 bushels; rye, ! 6,000 bushels, against 109,000 bushels; | wheat, 1,380,000 bushels, against 1, 74,000 biiehels: four, 359,400 barrels, against 349,900 barrels. . " Canadian grain shipped from United States ports last week amounted to 1,679,000 bushels, against. 1,360,000 hushels the previous week. —_— | I. C. C. ORDERS TRANSFER. | | 20,000 bushels, against 305,- corn, 79,000 bushels, bushels; oats, 131,000 1Int Cement In Combust B. Int Harvester. . Int Mer Marine. Int M Marine pf. Int Nickel. Intl Paper.... Int Shoe pf. Int Tel & Teleg. Intertype Corp. Invincible Oll. Iron Products. . Iron Prod ctfs. Ir Products pf.. Jewel Tea 16% Jones Tea...... 28% Jones & Laugn pf 107% 341 12 34% 115 65% 26 8% 48% 45 100 Open. High. 49% 100 16% 29 107% Low. 68 64 65% 6 1% 65% 41% 11% 36% 35 31 3% 997 108% 1624 15% 6% 19% 5% 45 86 23% 2% 118% T 1% 67% 957 3% 56% 98 19% 123% 146 102 40 90 73 2% 8% 30 37% 9% 15 26% 9% 87H 1% 138 1 15% 1u7 11 24 9 128% 58% 8 591, 71y 34 50 25% 21 102 107% 104% 1% 5% 33 28 Y 1 7 39% 22% T4% 8 33 11% 34% 115 654 26 8% 48% 45 100 16% 28 1075 Clase. 68 6% 67% 6 1% 65% 41t 13 87% 35 31% 7318 100 109 164 16 6 19% 5% 46% 86 25 734 118% % 12% 574 9574 3% 56% 98 19% 123% ! Laclede Gas. Lehigh Valley Lig & Myers Lima Locomo. .. Loews Inc.., ... LoftInc..... . Loose-Wiles. . .+ Loose-Wiles pf. | Lorillara (P). | Louis & Nash. | Mack Trucks | Macy Co........ | Magma Copper. | Mallinson & Co. Manat! Sugar. .. | Manhat El Sup.. Manhat Shirt. Manila El Corp. Market St Ry... Market St pf Marland Oil. Martin-Parry . Mathison Alkill. Maxwell (A). Maxwell (B).... May Dp Stores. . i Mex Seaboard. ., Mex Seabd ctfs. Miami Copper. Middle St Oil. ... Midvale Steel. .. Minn &St L. Mo Kan & Tex.. Mo K & Tex pf.. Mo Pacific. . Mo Pacific pf.... Montana Power Montg’y Ward. . Moon Motors. Mother Lode Munsingwear Natl Acme. Nat Biscul : t Cloak & Suit. t1Dept Stores t! Enamel atl Lead. Natl Ry of M 2d. Nat Supply... vada Copper. North Ame orth Ampf.... North Pacific. Oklnhoma Prod. Otls Steel.. Otis Steel pf | Owens Bottle. .. | Pac Coast 2d pf. Pac fic Develop. Pac Gas & Elec. Pacific Mail. Pacific Ol Packard Motor. Packard Mot pf. m Pete. Pennsylvania Penn Seabd S People's Gas . Pere Marquette. “hiladelphia Co.. Phila Co pf Phillips Pete. Plerce-Arrow Pierce Ar pf. ce Oll. ... Oil pt Pitts Coal. Pitts & W Va. Pitts Utilities p. Postum Cereal. . Pressed Stl Car. Produc & Ref. .. Prod & Ref pf. Pub Service Pullman Co..... Punta Alegre. .. Pure Ofl......ee Railway Stl Sp. Ray Con Copper Reading. s Reading 15t pf.. Remington. Remin 2d pf. Replogle Steel. . Rep Ir & Steel Rep Ir & Stl pf.. Reynolds Spr. { Rey Tobac (B).. Royal Dutch St L Southwn. St L South pf. Savage Arms. Schulte Stores. . eaboard Air L. cabd AL pf.... Sears Roebuck.. Seneca Copper. . % | Shattuck-Ariz. . 60% 34 50 25% 21% 102 107% 104% 58 5% 33 28 124 1 7 39% 2215 5 115 656Y% 26 814 49% 45 100 16% 28% 107% Shell Union pf. | Simmons. . Simms Petrol. Sinclair Oil. Skelly Oil. South Pacific. Southern Rwy. . Southern Ry pf. St Ofl of Calif. .. Stand Ollof NJ Sterling Prod. .. Stew’d-Warner. Strombg Carb. Studebaker...., { Submarine Bt... Superifor Oil. Sweets Coof A.. Tenn Copper..... Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Oll. Third Avenue. .. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Tobacco Pro pf. Trans Cont Oil.. Underwood. ...... Union Bag & P.. Union Pacific. Union Pac pf. Un Alloy Steel j United Fruit United Ry Inv. Utd Ry Inv pf... U S Cast I Pipe. . U SCastIr P pf. U S Food Prod U S Hoffman M.. U S Indus Alco. . U S Rubber..... U S Rub 1st ! U S Smelt&Ref. U S Smelt&R pf- U S Steel. . U S Steel pf. U S Tobacco. Utah Copper Utah Securities. Vanadium Corp. Van Raalte. ... Va-Car Chem... Va-C Chem pf... Vivadot. ..ueees Wabash....eoe | Wabash pt (A). | Wabash pf (B).. | West Penn Co... ‘West Penn pf... West Elec pf. . Western Md 2d.. West Pacific | West Pac pf. | Westhse EI&M.. { Wheeling&L E. | Wheel & LE pf.. | White Eag Oll. . | White Motor. White Oil Wickwir Wilson Co. Willys-Overld. . | Willys-Overl pt ‘Wisconsin Cent. | Woolworth. Open. High. 88% 62 67% 17% " 8y 564 106 161 884 81 63 31 29% 55 87 44 920 10t 31% 22% 323, 3618 48% 187% 844 12% 12 83% 62 L. 220 220 684 1% 61 56% 106 161 88% 63 81 29% 554 37% 44 90 10% 314 22% 321 37 487% 13% 84y 1274 12% 2273 4% 26% 1% 1% 204 95 27 62 24 3% 25 . 2718 279 81% - STAR, WASHINGTON, Low. 834 Close, 831 62 220 i 67% 17 6% 56% 106 161 88% 81 63 a1 20 | 55% 37 44 90 101 314 21% 32 36 474 ¢ 13% 83 12% 12% 22% 4% 26% 1% 1% 25 278 279 | { Hav {auart, HIGH-GRADE BONDS IN STRONG DEMAND Eries Lead Railroad Group as Week Opens—French ls- sues Stand Up Well. BY GEORGE T. HUGHES. . e J NEW YORK, November 12.—Buying of selected high-grade investments, apparently from foreign sources, again appeared in tod: bond market. 5 Atchison xen.ernl 4s sold above 90, six points above the low of the year and only a point and a quarter be- low the high. Unfon Pacific first 4s and Southern Pacific refunding 4s were taken in large blocks at frac- “lonal advances. Pennsylvania Rail- road general 4%s were likewise in demand. The high-grade short-term bonds shared favor along with the long-term maturities, examples bein, Central Pacific 348 of 1029, Lake Shore 4s of 1931, Union Pacific con- \’A-rllhle 48 of 1927, and Southern Pacific 4s of 1929. United States gov- ernment loans were firm. Railroad Issues Active. Rallroad issues were prominent among the speculative bonds. Eries took the lead with t selling above 51, up a pSint. All three of the convertible fours, the s and the “D. went irie first consolidated prior f 1996, the best secured of active is: made a new hove 60. Even at ond yields more per cent and it is estimated ie will cover fixed charges this year one and a half times. New n franc 7s were active fraction- ally higher, while the debenture 4s of 1 the lowest priced of th W n_obligations, wi up thr. 'S of a point. Wheellng and rie 41 sold a half point Lake highe Irrcgularity in Industrials. Irregulurity marked the industrial and utility iist. Cerro de Pasco 8s went higher with the stock and Chile Copper 63 improved slightly. The fact that they are convertible into Chile stock. although at a price above the present market for the stock, @dds"to their attraction as an invest- ment, £elling on a better than 8 per They have been as high as 1.03% this vear. In tractions In- terboroughs did better and Market Street Rallway 5s held th recent Bains, reign Group Steady. ture in the foreign group steadiness in French gov. issues in the face of the weakness eXchange. Whatever ”I‘“nrg nlnn( 14]!!‘ “‘f‘; f:vr“ne in the ex- ha s i has had little C! forelgn bonds so far S nited Kingdom 5%s of 1929 moved with sterling, but they are an excep- tion. This issue is convertible at par Into National War 5 per cent bonds of the fourth series at the fixed ex. ha rate of $4.30 to'the pound. result is that dealings in the jond amount to a speculation in ling _exchange. On an investme hasis they yield less than a Ufite States liberty bond Siynied New u:mll.tmu Offering. ‘The only important new issue of today was $6,000,000 in state of Cali- fornia 41 per cént and 4% per cent bonds, offered at prices to 5 per cent and 4.40 per cent, respectively. The new American Tel- ephone and Telegraph debenture 5igs were traded in at the offering price to an eighth higher. COTTON ADVANCES ABOUT $4 A BALE Strong Liverpool Market Re- sults in Jump on Big Home Exchanges. By the Asscelated Pres NEW' YORK, November 12.—Fol- jlowing an excited and very strong ! Liverpool market thi morning, cot- ton prices on the New York Cotton Exchange jumped fully $4 a bale in the first half-hour of trading. January advanced to 33.32; March, 133.62 and May, 33.65, with both Liy- erpool and mill interests heavy buy- ers, New Orleans Market Strong. NEW ORLEANS, November 12.—An| extremely strong Liverpool market and private messages from Manches- ter to the effect that short time in Lancashire was likely to be aban- doned because of better trade put the price of cdtton strongly higher teMay. In the first half-hour of the session the_ active months were advanced 67 to 73 points, December rising to 33.20, Noon Cotton Prices. NEW YORK, November 12.—Cot- ;?n fullures ls 45 am.: Bids steady. ccember, 33.69; March, 33.60: May, 33.65; July, 33. b S EW ORLEANS, November 12— Cotton futures, noon? Bids steady December. 33.39; January, 38.50; March, 83.70; May, 33.65; July, 33.15. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, Ga., November 12.—Cold weather, extending south to the Georgia-Florida line, has caused much anxiety to truck farmers, whqse to- matoes are nearly at maturity and ate in danger from frosts. ST. LOUIS, November °12.—The Brown Shoe Company in_ October shipped shoes valued at $2,358,774. This total far exceeded the shipment; of the company for tie.fall months of many years past. BISMARCK, N. D, November 12.— Mine_ operators are fighting a pro- posed increase in freight rates on lig- nite coal They assert that the higher rates. would result in prices $1 to | $1.50 n ton higher than at present and | restriot the market for Dakota lig- nite. PITTSBURGH, November 12.—Plate glass manufacturers continue to op- erate at capacity, with orders booked well ahead. Window glass producers iook for a brisk market during the remainder of the year. . OKLAHOMA CITY, November 12.— The preliminary estimate placed on the acreage sown or to be sown to winter wheat in this state this fall places the total of 3,322,000 acres, or a decrease of about 11 per cent below that of last yea: CLEVELAND, November 12.—The American Myltigraph Company an- nounces that its sales for the last month were the largest for any Octo- general 4s, | D. C, 1923. [r2+ ors BONDS 7o ] Wummnmuma.rug. (Sales are in §1,000.) UNITED STATES BONDPS. (Fractions represent this Example: 93-3 means Sales, "High. Low. 99-23 97-20 98 98-5 ... 108 Lib 1st-2d ¢ Lib2a da. .o Lib 18t 4%’s. Lib 24 43 Lib 4th 4%s., 287 S4%s1952. 355 99-27 97-20 - seconds. '“',uun- 99-27 97-20 98 98-8 98-1 89-2 98-3 99-15 FOREIGN. Baies, High, Low. Argentine 7; ustria s elgtum 7igs. . Belgium 6s. Belgiu; Bolivia Canada 5%s 1 Canada 68 1951 Chile 85 1926. Chile 78 1943. Chirese Gov Ry bs. Copenhagen 5%s. . Cuba 5%s ctfs. Csechoslovaki Denmark §: Denmark 6s Dutch EI5%. Dutch East I 6847, Dutch East I 6563, French Govt e Japanese 2d 4%s. . Japanese 4s. . Norway 68 1952. Orient Dev deb 6 Paris-Ly’s-Med 63, Prague 7%s..... - w Queensland 7 Quecnsaland 6: Rio de Jan 8s 1946. Rio de Jan 851947, Rio Gr Do Sul 8s.., Sao Paulo,State.8s. Seine, Dept of, Serbs Crotes Blo Sweden Swiss Confed 8: Tokio 5s... S Ud Kingm 5%s'29. Ud Kingm 5%5'37. Uruguay 8s Zurich 8s. Ajax Rubber 88 Am Agr Chem Am Chain s f 6s'33. Am Cotton OIl bs. . Am SmIt&R 1st 53. Am SmIt&R 6 Am Sugar Ret AmT & Tcv 6 AmT&Tcl trbs.. AmT&Tcl tris.. Am T & T deb 5335, {Am Writ Paper 6s. Anaconda cv db 7s. Anaconda 1st 6s. . . Armour & Co 4 Armour of Del 5% Asso Ofl 6srets.. . Atlantic Refjn 63 Barnsdall « f 85 Beth Steel 5%s'58, Beth Steel rf 5s. Beth Steel pm 5 { Beth Steel s £ Brier H St 1st 538 Bklyn Edison 7s D. Bklyn Ed gen 6s. .. Bush T Bldg 55 '60. Calif Pete 63%sw 1. Central Leater 53 Cerro de Pgsco 8. . Chile Copper s Commonwth P 6a.. 1 Coni Coal Md 1st bs. | Cuban-Am Sug 8 { Cuba Cane cv d 8 | Cuba Cane cv 75 '30 { Det Edison ref 6s.. i Du Pont de N 7% ] Duquesne Light { Fst Cuba Sug 7T%s. Empire G&F 1%s.. Fisk Rubber 8s. Goodrich 6%s. Goodyear 8s 1931 Gocdyear 8s 1941 Hershey 6s 1942, ! Humble O&R 5% { fllinois Bell 1st 5s. Indiana Int Mer siarine 6s. Int Paper 1st 5s A. Int Paper 1st 68 B. KCP&Lt5ssA's2 Kelly-Spring 8. Liggett & Myrs Lorillard (P) Lorlllard (P) 5 . Magma Cop cv 7., Manati Sug sf 7%s Marland Ofl 7%s. Mer & Mfg 87542 Mexican Petrol 8s. Midvale Steel bs. Montana Power 3. Nat Tube 1st 6. ... New Eng Tel bs. N Y Edsn Ist 643, NYG EL H&P bs. N Y Tel 6341 | N'Y Tel 63°49 N Y Tel 4%s N Am Edison 6 \Nor States Pow 5i Nor States Pow 6s.. Northwat B Tel 7s. Pacific Gas & El bs ific T & T 5853 Pan-Am Pete 7s. Phila Co ref 6s A. Phila Co 56%s 38 | Pierce-Arrow 8s... { Producers & Rf 8s. Punta Alegre 7 Sharon Stl H 8s Sinclair Ofl 7s Sinclair Ol 6% Sin Crude Oil 6 s:n Crude Oil 6% South Bell Tel Gs. . So Por Rico Sug s Steel & Tube 7s. ... Toledo Edn 18t 7 Unlon B..3 & P 6 Unit Drug cv 8: U S Rub 1st rf bs. U S Rubber 7% USSteel s bs. Utah Pow & Lt ba. Va-Car Chem 7 Va-Car Ch 7%s w. ‘Warner Sugar 7s.. | West Unton 6%s. Wilson & Co cv 6s. Winchester A 7% Youngstn S& T 68 tures, 13%al3%. ‘and’ futures, 43.62. ern Manitoba, Louis, southern, 21.00a23.! t, 6.75a6.50. Zinc—Qu! Tou spot and néarby, 6.40a6.45. Antimony—Spot, 9.25. - | PARIS MARKET' SPOTTY. 7 1024 30 88% 2 98% 13 98 10 47 4 B8% 65 90% 57 954 27 94% 41 98% 104 94% 4 9% 3 6% 2 93k 2 9% .15 80 6 1% 8 1% 1 44% 1 21% .13 87% 19, 110% .19 93% .11 94 5 90 40 70 35 7% 11 106% 4 101 7 89% 1 80 1 95 5 99% 41 84 16 67% 5 103% 3 1124 1 66 90 107% 44 101% 1 103 11 e cEaeRuovunapranennencEooaSatniaok wShawanBene e e mmarRenEnbsonmeEnunbiolouonasnaSER —— 00, 4 114% 99-5 98-4 99-18 Close. 102% 88% 98% 96 100% 7% kg 9% 4% 100 101% 100 99% 104% 102% 95 47 88% 1% 93 108% 95 50 95% 4% 97% 944 1% k() 93% 1% 80 % 6% “Un 27% 87% 110% 93% 94 89% 68% % 106% 101 89% 90 95 29% 84 67% 103% uz 66 107% 101% 103 111 20 % % 97% 23% a1 76 3% % 80 7% 6% 44 273% 87 110% 9344 93% 89% 69% 6% 106 101 801 90 95 9% 83% 67 103% 12 66 106% 101% 103 111 MISCELLANEOUS. 90 97% 22% 4% 9214 1024 100% 116% 6% 92 984 487 98% 7% 92% 4% 9244 102% 100% 116% 96% 92% 984 48% 98% 964 84% 884% 954 98 94% 88% 944 89 6% 93% 108 96% 92 6% 94 126% 98%, 87 863 1065 93% 87% 103% 108 103% 99 90% 101% 974 100% B4% £BY% o8 89 94% 89 96% 934 108 967 92 98% 944 125% 98% 88 86% 3% 87% 103 108 103% 929 904 101% 97T% 100% 1147 991 97 93% 100% 80% 827 82% 89% 102% 87 17 964 109% 98% 98 105 104 85% 954 99% 64 109% 97% 104 105% 94 % 893, 100% 107% 90% 214 102 100 894 73% 106% 107 99% 1% 86 96% 96% 95 100% 1024 954 994 97 9315 100% 80% 8 964 109% 97% 108% 106% 88% 911 89% 100% 107% 904% 9% 103 100 88% 8% 106 107 99% £ 85% 96% 96% 95 100% 102% 95% 92% 102%. 107% 106% 97 110% 84% 104% 102% 88% 83 68% 108 109 107% 102% 107% 106% 97 110% 8414 104% 102% 88% 834 63% 108 109% 107% 95% 96% 844 8B4% 102% 102% 93% 93% e COPPER AT 13 1-4 CENTS. 'W YORK, Novemper’ 12.—Cop- per—Firm; electrolytic sppt and fu- Tin—Firm; Iron—Si , 22.00a23.00; No. 2 nortl gt 21.00a22.50; spot teady; N No. l—Stead; ; East St. 96% | 95% | 935 | 106% | {StL &S F Inc 8 StL &S Fadj 6s. 92% | RAILROADS. “ Bales. High. 111 9 1 Glose. 904 80% 87% 81%#| 6% 2 100% 83% 84% 76% B&OcviKs B&Orefts B&O PLE® B&OSW divay Bklyn-Manhat 6 Bklyn RT 7821 Canadian North 7s. 10 Canad North 83 k Canad Pac deb 4 Car Clinch & O 6; Central Pacific Ches & Ohio cv 6 Ches & Ocv 4%s Chi & Alton 3, Chi B&Q &n 553, Chi B&Q 18t rf & 89% 118% 113% 111% 111% 8% 8% 96% 96% 88% 88% 89% 89 8Th B4 86 99% % 48 50% 56% 70 56% T0% 109 6% 4% 114% 70% 102% 82 84 841 98% 41 8b% 59% 104% 50% 634 3% 56% 103% 105% 95% 8074 584 100% 59 58% 844 38% 87% 1% 85. 81% 8% 86 9% 1% 48 B50% 56% 10 5% 70% 109 6% 4% 114% 70% 102% 82 £ 84% 98% 41 86% 60% 104% 51 53% 63% 56% Chi M&St P 4 Chi & N'W 6%a. ChiRys 6s. 1 ChiR1& Py s 25 Chi Un Sta 6%s 9 Chi& W Ind on 4s. CCCaSt L rt Colo & Sou 4% Cuba RR 6 Del & Hd 1streds. 14 | Del & Hudson 5%s 6 D&RG1lstrebs.. 1 Det United 4 %: . 10 Erie 1st con 4s.... 53 Erlq con ext 7 Erie gen 4a Erfeconv4s A, ErleconvdsB.... Erfeconv4sD.. 12 14 74 2 22 29 27 51 46 106 96% &1 59% 101 59% 59% £4% 38% 87% 72 86 82% 11l Central 5% Int Rap Tran § Int Rap Tr 6s stod. Int Rap Tran 7 Int & G Nor aj Int & G Nor 1at 6s. Kansas City 8 3 Kansas City 8 Kan City Term 4 Lake Shore 45 °31.. Louls & N uni 4x. 39 88 72 854 824 92% 924 89% 89 106% 106% 96% 96% 57% 56 92% 92% 101% 101% 5% T5% 8% 8% 63% 63% 94 94 50% 50 86% B6Y% 49% 49 5% 5% 9% 79% T4 T4% 104% 104% 95% 85% 72 72 634 634 29% 29 65% 64% S1% 59% 821, 32% 1% 1% 37T 374 o 20% 108 108 58% 58% 82% 103 2 100 92% 100% 91 108% 107% 94%. 93% 87 74 3% 834 664 80 574 1% 98% 5% 1% 58 46% - 40% 63 £3% 88% 89% 106% 6% 56 924 101% 5% 8% €3% 94 Market St cn 5 M StP & SSM 61 MK&TI1stds K&TprinbSsA. X -3 M M M M M 864 | N O Tex & M In 6 N Y Centgen 3%s. N Y Cent deb 6: NYCentr 16 9% 4% 108% 95% 2 53% 29 65% 61% 32% 1% | New Haven d 43 57 i New Haven 7s..... YRyrfdsctfs.. 5 NYRysadjbsct.. 11 | NY W & Bos 4%: 1 i Norfolk & W cv 6s Northern Pac 3 Northern Pac 4s. Northn Pacr | 6s. . Northern Pac 58 D. Ore & Calif 1st 5 Ore Short L ref 4s. Pennsyl gen b Pennsyl gen 4% Pennsyl 6% Pennsyl gold 7 Pennsyl con 4348, | Pere Marq lat 5a Reading gen RIATK&L4 | St LIM&S R&G 4s. StLIM&S4s'2).. StL&SFplasA.. StL&SF prin5s. 574 1% 98 5% T4 57% 464 40 67% 934 8 8474 95t 68% 101% 101% 5% 61% 435 43 73 103 93% 93y 2 96% Union Pac 1st rf 65 40 99% Virginia Ry 1st6s. 12 95 Va Ry & P 1t 55 87% Wabash 18t 6 o8 9% St LS W con 4 San A & Arn P Seab'd AL 4s Seab'd AL ref & Seab'd A L ad) | Seab'd A L con 6s.. | Sou Pacific 48 1929, Sou Pacific Sou Pacific clt Southern Ry 1st | Soutnern Ry gn 4s. | Southern Ry 6% Third Ave ref 4s Third Ave ad) 63, Western Pacific ‘West Shore 1st 4 80 Whel &LE rf 4%s. 650% TOTAL SALES (Par Value): 11am.. 2455000 12 noon. 4088000 ipm.. 5166000 2p.m.. 6103000 {VIRGINIA RANKS HIGH . IN CROP PRODUCTION b | {Second in Peanuts, Fourth in Ap- 1 ples and Eighth in Sweet- Potato Growing. PURCELLVILLE, Va.. November 12, |—Virgipia this year will rank second in the production of peanuts, fourth in the production of apples and elghth in sweet potato productfon, accordihg to United States Bureau iof Agricultural economics crop esti- mate which has just been released by | the Virginia division of markets, The i j crop estimate is of November 1. Peanut production m the entire Unlted States. according to the ad- vance estimate, will total 647,589,000 powpds. North Carolina takes first place. with the forecast being 129 150,000; Virginla is second, with 124 740,000 pounds. The closest comi- peptitor is Texas, with an estimate production of 97,840,000 pounds. Total production of apples in the entire_country will be approximate- 1y 33,522,000 barrels. The greatest crop 'will come from Washington, and is estimated at 9,075,000 barrel New York is second, with 4,512,000, and Michigan third, with 3,118,000 barrels. Virginia comes fourth, with an estimated crop of 1,797,000 barrels, Sweet potato production will reach 97,429,000 bushels in the entire United States, it is estimated. Vir- ginia is eighth in the list of states forecasted. (he local crop being given at 5,500,000 bushels. The greatest crop will come from Georgia, 11,782,000 bushels. o FOREIGN EXCHANGE. NEW YORK, November 12.—For- elgn exchanges easy; quotations (in United States dollars): Great Britain, demand, 4:37%: cables, 4.37%; sixty- day_bills, 4.35%. France, demand, 1.0555% ; cables, .0556%. Italy, d ! mand, .04351% ; cables, .0436. Belgium demand, .0478%: cables, .0479. Ger- with 108% | 9214 | 49% | FINANCIAL. Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. It was predicted this morning that the price of chickens will take a drop in the near future, the local market befng much higher than the market in"other cities. Philadelphia quofa- tions this morning were 21 and 22 cents, while 27 and 28 cents were the flocal ‘quotations. The weather has its effect on the market, dealers stated. Fresh western and storage eggs are filling the demands, nearby eggs be- ing unusually scarce. Western fresh eggs were quoted at 52 and 53 cents, storage stock selling at 30 and 31 cents. Nearby stock should bring 55 cents. The butter market continues firm, with scarcely any sign of a break. Fancy extras were quoted at 60 cents, fancy firsts 54 and 56 and the cheapest seconds at 46 and 48 cents. Eggs—Strictly fresh, selected.can- dled, per dozen, 53ab4; average receipts, ; storage, 35a36, Live poultry—Roosters, per 1b.. 16; turkeys, per lb., 40a42; spring chickens, per Ib., 27a28; keats, young, each, 50a60; fowls, per Ib., 23a24. Dressed poultry — Fresh - killed spring chickens, per Ib., 32a33; roast- ers, per Ib., 30a32; hens, per Ib., 28a30; turkeys, per Ib., 46a50; keats. young, each, 80a85; roosters, per. Ib., 20. Game—Rabbits, No. 1, per dozen. 4.2024.80; No. 2, 2.00a2.40. Live stock—Calves, chofce, per 1b., 12; medium, per ib., 11; thin, per Ib.. 8a10. Lambs, spring, per Ib.. 13. Live pigs, 3.00a5.00 each; live hogs, per Ib., Green fruits—Apples, per basket, 50a 250; per barrel, 2.50a5.50. _California oranges, per crate, 6.00a7.00; Florida, 2.50a4,50. ~Lemons, per box, 3.00a4.00. Grapefruit, 3.50a4.25. Grapes, Concord, twenty-pound _basket, 75a1.00; two- guart basket, 2214a20; honeydew melons, 5al1.50. Vegotables—Potatoes, per bbl., No. 1, 2.50a2.75; No. 2, 1.00a1.50. Potatoe: round, per’ bag, 2.25a2.50; sweet pota | toes, 3.25a3.75 per bbl. Southern lettuce, | per crate, 50a1.00; nearby, 50a1.00; Ic berg, 1.00a5.00. a2.00 per 100 Ibs.; nearby Tomatoes, half-bushel basket, nearby, 6a2.00. Beans, southern, per basket, 2.00a3.25. Peas, per basket, York celery, per crate, 3 50; in rough, 2.50a4.00. Squash. .00a3.50. Peppers, per crate, 1.00a2.50. {Kale, per bbl., 75a150. Spinach, per barrel, 1.00a2.00. Home-grown 'lima beans, per quart, 35a50. Lima beans, per basket, 2.50a3.00. Southern cucum- bers, per bushel, 4.50a5.00. Carrots, 100 1b. sack, 2.25a2.50. 4 BALTIMORE PROVISIONS, BALTIMORE. Md., November 12 (Special) —Potatoes, white, 100 Ibe. {75a1. ) 1bs., 1.00a2.75; sweets and 1.5043.50, bush beans, bushel bushel, 2.00a i 0; brocooli, bushel. sprouts. quart, 1sa 4,002, 01 ¥ sel 100, egzgplant bushel, 1.00; onions, | plants, 100, 00a6.00; peppers, 30a50; pumpkins, 100, 3 | spinach, bushel, 30a60; parsnips, ba | ket, 40a: tomatoes, basket, S0al turnips, buchel. 35a40. | “Apples_ packed, bbl. bushel, 50al.40; loose 11.00a1.35; box apples, 1 ; {berries, bbl.. 7.00a11.00; grapeg, bas- Ket, 15a24; grapefruit, box. 2.00a3.50; ioranges. box, 2.25a3.7. rs, bushel, : 1.00a3.2: basket, quinces, ! bushel, 15 i i no grain quotations to- {day, the chamber of commerce being { closea. crate, lettuce, 100, 2.00a3. 00; kale, 502 { DAIRY PRODUCTS | BALTIMORE. M, November | (Special). — Live " poultry — Turk spring chickens, 23a24 horns, 1b". 18a22; old hens, 15a2 - 18; old pigeons, i guinea fowl, each, 35a70 . ERgs—Loss off, native and nearby firsts, doz., 52a53: southern, 48a50. Butter—Creamery, good to faney, 1b,. 48a53; prints, 53 : rolls, 25a32 process butter, store packed, TODAY'S CHICAGO PRICES. CHICAGO, November 12.—With for- cign exchange scoring new low rec- he whea mosy to Weaken values. Initial quotations, which ranged from % to % down, with December 1.02% to 1.02% and May 107% to 1.08, were followed by {a moderate further setback. Unfavorable weather gave firmness to corn and oats. After opening at % decline to a like advance, Decem- ber 7512 tos 753%, the corn market showed moderate gains all around. Oats started 's off to % up, Decem- ber 41%, sagged a little, | made a slight general upturn. Provisions were easy in line with the hog market. WHEAT— Open. December i May arly dealings. Assertions that market conditions were the High 1.08% 1083 1.05% December . May July January . * i January May ... Chieago Live Stock Market. CHICAGO, November 12, (United States Department of Agriculture) — Hogs—Receipts, 70,000 head; mostly 10 to 20 lower; light mixed, 15 to oft; bulk, good and choice, 200 to 3 pound butchers, 7.15a7. top, d ‘able, 160 to 190 pound averages, 6.75a7.10; packing sows, 6.50a6. better grades welghty slaughter pigs, 526.00. > Cattle—Receipts, 25,000 heéad; fed steers, vearlings and desirable’ beef heifers, strong to 25c_higher; early top long yearlings, 12.50 to shippers: best welghty steers. 11.50; heavy short feds, 8.00a9.50; bulls and veal- ers, steady; bulk light and heavy- welght veal galves, 8.50a8.75; stock- ers and-feeders, strong to 25c¢ higher Sheep—Receipts, 24.000 head; ac tive; fat lambs unéveniy strong to 25¢ higher; others and sheep steady bulk fat lambs, 12.85a13.00; cull na- tives, 9.50210.00; good, medium and ing lambs, averaging 70 pounds, 1 —_—— 8 WALL STREET NOTES. 5. Gasoline Again Cut. NEW YORK, November 12—Net profits of the Sherwin-Williams Com pany, including subsidiaries, totaled $5,559,379 for the twelve months end- ed August 31, as compared with $3,016,805 in the previous year. Public offering was made today of an issue of 36,000,000 California high- way bonds, half of the bonds bearing 43 per cent coupon and the other 43 per cent. The offering prices give ylelds of 4.35 to 4.40 per cent. ‘Wall street reports of the American plans of Hugo Stinnes, German in- dustrialist, whose son, Hugo, jr., now is'in the United States, had it today that he may organize a $20,000,000 oil company in_this country. Stinnes’ agents in New York demed any knowledge of such plans. England's gold _exports last week aggregated £2,827,773, of which £2,477,- 947 were forwarded to America. Another cut of 1 cent a gallon in the tank wagon price of gasoline was announced today by the Gulf Refining oyster- | 12 | { ords for the year, wheat underwent « | fresh downdurn in price today during | Dbearish ever known tended also | and then i heavyweight fat ewes, 5.76a6.25; feed- = Stinness Rumor Denied—Price of | LOGAL STOCKS ARE. BIT LOWER TODAY Capital Traction and Lanston Ease Off—Corporate Securities Active. Well diversified trading, at changed to weaker quotations, pr: vailed on the Washington Stock Ex change this morning. Capital Tra. tion stock, which sold consistently : par only a few weeks ago, eased off another ’{ point to 98 on sales ag gregating twenty shares. Lanston was easier at 70%. and five shar of Merchants' Bank and Trust Com- pany changed hands at 127%. The bond list was quiet with but two issues traded in. Washington Gas 6s of 1933 =old to the extent of $200 at par, while $8,000, face value of Potomac Electric Consolidated is brought 971;. Corporate Securities Taken Up. For the first time in weeks stat ments of leading banks of the cou: try show aggressive buying of cor- porate securities. Several months ago selling practically ceased, and in the 1 few weeks there h se in securit{ Recent with bankers have brought out the fact that a further inerease in holdings of in- vestments is expected. This invest- ment buying is expected to have strengthening effect on the market Accumulation of securities by ban ing institutions in the last six yea: has been of unprecedented proportion The report of the controller of t currency shows t on Jun investments owned by all bank $8,003,820,000; une 3 1922 aggregated §12 567,000, and it is e timated that they now amount to mo than $13,000,000,000. The figures show the importance of bank buying or sell- ing of securiti Obviously with their present liquidated credit position the are in a position to put investme: Qquotations to higher levels. These banks owe u comparatively small amount to regional members, ani with commercial loans declining rapid. Iy and security prices attractive, therg Vis g t inducement to inerease present holdings. POTATOES 30 CENTS PER BUSHEL IN WEST {Large Quantities May Freeze Be- fore Cars Can Be Obtained for Shipments. B the Assoclated Press. BAY CITY, Mich., November Potatoes are being sold for a bushel today, and buyers are {ing little inclination take even at that price. | Alpena reports say 100.000 bushels of potatoes sacked and ready for ghin- { ment lie only partially protected from | freezing, awaiting cars to move then: | App e to the In | state mission and commission 0 that territory at o emand and pre 5 | prices have cause producers in this part of the to pit the potatpes. hopeful W higher pr | next spring. * 'STERLING TUMBLES . TO NEW LOW MARK iBreaks More Than 3 Cents Over { Week End—Opens at $4.35. od Press, YORK, November 12.—De- sterling broke more than 3 r the week end, being quoted 5. a new low record for the vear, at the opening of today's for- gign exchange markct. —_— { Washington Stock Exchange. ! SALES. Washington Gas s 1 Traction Co nk & Trust Lanston Monotype—10 at 0% AFTER C Elec. cons. BTl $1.000 ot 97 « 97, §1,000 at 9714, 81,000 Capital Traction Co.—p at 98, at 98, Money—Call loans, 5 and 6 per cent BONDS. Bid and Asked Prices. PUBLIC UTILITY. interviews 12 30 cents show- them to | state | being ¢ Lack of ¢ state | Anscostin ‘& Potoma | Anacoxtia & Potomac Guar. 5 &'P. Tel. tn.... Celephone of ital Traction K. R. ; City & Suburban 7 | Gedrgetown Gas 1s | Metropoitan It. & Potomn Potoma | Potomac Potomac sh. Rws. & ¥ Riggs Riges Realty . rdman I'ark Washington Norfolk & Wash. Axl COm..oers e NATIONAL BANKS Libecty Lincoln National Riggs . Second Natiopai Ban| “Metropolitan American Security & Trust TUnion Tru: ‘Wash. Loan asd Trust.. | Commerce and Sast Washingt Security Savings and Com. Seventli Street. Tnited State: ‘Washington Mechanics’ FIRE INSURANCE. National U Columbia Title. PARIS, November 12.—&rices moved irregularly on the bourse today: Three jer cent rentes, 65-franes 5 centimes. change on London, 78 francs 67 centimes. Five per cent loan, 71 francs 5 centimes. The dollar was quoted at 18 francs 10 centimes. —_— The average woman of America out- lives the man.. . . . Tl ber in fts history, with the exception Real Estate Titie. of October,’ 1919." Business for the first nine months wis slightly more than 50 per cent larger than for the corresponding period of 1922. I AR Ry For the first time since -the thir- teenth century # woman has been ap- ointed glazier of Exeter Cathedral n England. man, demand, .0000000000004; cables, .0000000000004. _ Holland, 'demand, .3780; cables, .3785. Norway, .1459. Sweden, . .2628. Denmark, 1704, Switzeriand, .1758. ain, _ .1303. Greece, .0153%. Poland, .000000%. Czechoslovakia, demand, .0289. Jugo- slavia, .0116, ‘Austria, 000014, Ru- mania, .0060%. Argentine, demand, .3120. Brasil, .0895, Montreal, .98%. Company and Standard Oils of New York, New Jersey in New York, New Jersey and New England. The new prices range from 14'; to 15%; cents a gallon. Directors of the Crescent Pipe Com- pany have passed the usual quarterly dividend. The company paid divi- dends of 37% cents in the two pre- vious quarters. The Pittsburgh, Fort Wayne and’ i Chicago railroad was authorized to- ‘fi:::::g‘ézsm~ day by the Interstate Commerce Com- | K Lo mission to issue and deliver to the Kayser (Julius) Pennsylvania_railroad $21,595,000 in | Kelly Spr Tire -ommon stock. The line is a sub- |Kennecott. idiary of the Pennsylvania system |Keystone Tire. and the securities are to be handed | Kinney G R over In return for advances on im- | Kresge (SS). vrovements and betterments. 12 12% 12 12% 64% 64% 64% 64% High. Low, Last. Call Money... 4% 4% 4 HOURLY SALES OF STQCKS. 11am.....308 100 12m...... 512 300 . 828 600 ‘Wright Aero. 1 Youngstn Tube. 53% 85% 25% 34% 18% 53% 36% 26% 35% 3% 3% 2% 2% B51% 53 51% 53 266 269 263% 269 18 53% 35% 25% 34 18% i 581 35% 25% 344 Trans. & Siorage. Mergenthaler Linotype. 0ld Duteh Market com, 0ld Duteh Market pf Lanston Monoty Becurlty Btorage.. Washington Marke Yellow Cab..