Evening Star Newspaper, November 13, 1923, Page 22

"g92 ® RAILROAD SHARES LEADERS IN STOCKS Heavy Realizing éales Noted in Industrials—Southern Pacific Wakes Up. BY STUART P. WEST. YORK, November 13.—Rail- way shares o nent place in market today. While realizing sales were going on froely the low-priccd rails were taken. up. Both {n New Haven and the St. Paul jgaues there was a large short in- which had had no time to cover before the turn in the general market two weeks ago. This short in- terest was a target for operators on the long side. The rcason assigned for the rise in New Haven was that the road was able to show a small sur- plug after charges in its report for the third quarter. although for the fult vear it is estimated that there will be a deficit of $2.600.000. Th ho helieve thut a definite turn has come in New Haven affairs point out that had it not been for the heavy losses in the shopmen's and coal strike there would have been a substantial surplus. These strike Josses were responsible for a deficit of 34,500,000 during the first two months of the year. Shorts fu St. Paul Cever. The shorts in_St. Paul became un- easy after the New Haven move got under way, and both re bid up sharply. Other low-priced rails were active, and there was special strength in shares of the seuthwestern roads, like St. Louls and Southwestern and St. Louis and San ¥ran Missouri Pacific preferred was also, although on the basis of the latest carnings the road will fall considerably short of covering fixed charges this vear. Southern Pac which has been notorious laggard, did better. This company is covering its $5 dividend nucarly twice over. Much Profit Taking. In the industrial section therc was no gencral drift. Further profit taking came into the regular leaders, like United States Steel common, Raldwin Locomotiy Can and Studebuke: their lows of U E pointe from their recent highs. But us they feil behind others were taken in hand. The risc continued in the shipping stocks. American Intcrna- tional getting across 26 and Mercan- tile Marinc preferred, Pacific Mail. Atlantic Gulf and American Ship and Commerece, all participating mod- erately. Submarine Boat was a among the specialties. The for the buying of this stock is the valuable properties in New York harbor. The company Is deriving sood revenues from its docks and Wwarchouses. Lorillard Stock Active. Tn the wake of the approval by fAggett & Myers sharcholders of the plan to «plit up that compan o - mon and common B today developed fresh strength and ®old several points above the final of ihe previous day. It is possible that Lorillard stock will be split up also. and it has been this consideration which has been constantly behind the buying. Morcover, it has been ru- mored that the company might ne- Zotiute with the Schulte interests and come to some terms such as American Tobaceo reached with Tobacco Prod- uCtR International Combustion and En- gineering stock has been active at higher prices, and the buying has been based chicfly upon information regarding the company’s business. It i reported that the United States Steel Corporation is spending several millions for the installation of fuel- i pment manufactured by nal Combustion. In addi- said that a contract has been made by Henry Ford. Wansas City Southern’s Earnings. In the first City Southern carned a net of ap- proximately $5.00 per share on its stock, and. acoording to recent esti- mates, the figure for the full twelve nonths will be around $6, Aside from the highly satisfactory ecarnings of International Cement, as indicated rec ter report, it trading in the stock can feature motive s ‘understood that to- ward the end of the week an im- portant announcement will be put out. Farnings for the nine months caualed $1.37 a share. Railway shares continued teadership in the final trading. The remarkable strength of the Eries ht out i variety of gossip about a possible combination with another large evstem. The New York Central was the one most frequently men- tioned. But most people believe that the Erie stocks were going up on their their classes of preferred stocks, with a balance of romecthing over b per cent on_the common. The afternoon markct also showed &galn its partiality for the shares of chain store, mail order and depart- ent store ‘concerns. which are get- *ing the benefit of prosperity in the distribulive trades and have been able to pass on to the consumer increased expense accounts. CLOSING IS UNSETTLED. Another Million-Share Day—Oils Heavily Sold. By the Associated Press. NEW YORK. November 13.—Heavy buying of railroad shares based on expectations of high October earning statements, soon to bo published, turned tho general course of prices upward in today's market, after an carly interval of heaviness among the industriuls, particularly + the motors and mechanicals. Sales ap- proximated 1.000,000 shares. The closing was irregular. Divi- dend-paving issues assumed the lead- ership in the rajl group in the late dealings, with conspicuous strength also shown by a number of special- ties, notably Jewel Tea pfd. up 5% and Jones Rrothers Tea up 4%. The Pan-American oils were marketed frocly toward the end. HYATTSVILLE YOUTH HELD IN DEATH QuIz Poison Liquor Inquiry Results in Demand for $25,000 Bail for Dobson. Bpecial Dispatch to The Star. BALTIMORE, Md., November 13.— David A. Dobson, a youth of Hyatts- ville, was held under $25,000 bail to- duy by United States Commissioner J. Frank Supplee, pending investi- gation of charges that poison liquor handled by him caused the death of Wister M. Parish, Hyattsville, The funeral of Parish was held this afternoon at Hyattsville, following reports that an autopsy was held last might in connection with the investi- sation. RATES ON BAR SILVER. LONDON, November 13.—Bar sil- ver, 33 5-16 pence per ounce. Money, %’ per cent. Discount rate. short s, 3% per cent; three-month bills, %ad¥ per cent. Wow Yoris" ‘November 13.—Bar ailver, 64%; Mexican dollars, 49%. < upied the more proml- | in the industrials, a number of | preferred and } hares. Lorillard | nine months Kansas | i tly by the third-auar- | { FINANCIAL, THE EVENING STAR, WA \ {| NEW YORK STOCK EXCHANGE Received by P:ivate Wire Direct to The Star Office Adams Express. Alr Reduction.. Ajax Rubber. .. {Alaska Gold.... i Alaska Juneau [All Am Cable. ... Alljed Chem. ... Allicd Chem pf. : Allis Chalmers {Am Agr Chem.. | Am Ag Chm pf. {Am Bk Note pf. 67% 7% 6 T 1% 95 657 107 a2 12% 38 53 30 100 Am Cotton Oil. . Am Cot Ol pf.. {Am Druggist. .. Am Express. ... Am H & Leath .. Am La'Franc | Am Locomoti {Am Metals. ... 1 Am Radiator. .. i Am Roll Mill pf. An Safe Razor. { A Ship & Com. Am Smelting. .. Am Smelt pf. Am Steel Fdy 1Am Sugar... iAm Sumatra 'Am T & Cable {Am Tel & Teleg. {Am Tobaceo."... {Am Tobuc (B) {Am Tob pf (n).. | Am Water Wke. {Am W W 6% pf. PAMW W T 2 Am Woolen. {Am Writ Prpf. Anaconda.. . i Ann Arbor pt Armour of Del pf. Arnold Constab. Asso D Goods Atchison. i Associated Oil... Atchison pf. . Atlan Bir & Atl. Atlan st Line. . Atlantic Fruit. . { Atlantic Gulf AvI Gulf pt. Atlas Tack Austin Nichols. Baldwin Loco. . Balto & Ohio. .. Balto & Ohio pt. Bayuk Bros. ... Beechnut Pa; Beth Steel. .. Beth St 7%(n) | Beth St S pt... looth Fish. Bklyn Edison Brklyn-Man Tr. 1 Bklyn Rap T fp. Brown Shoe.... Burns Bros (A). Bush Term pf. Butte Copper. .. Butte & Super. . Caddo Oil. . lif Pack Calif Petrol Callahan Zine. . Calumet & Ar' { Canadian Pac | Centrai Leatn. . {Cent Leath pf. .. ‘ent RR of NJ.. iCerro de Pasco. | Chandler Mot Chesap & Ohio.. Ches & Ohio pf Chi & Alton Chi & Alton pf.. Chi & East 11 {Chi& BTl pf... Chi Grt West. .. i Great W pf. iMil&StP.. Chi Mil &St P pt Chi & Northwu.. Chi Pneu Tool. . {ChiR1& Pac... {ChR1& P 6% pf 1 Chi R 1&P 7%pt. i Chile Copper-... i Chino Copper... CCC&StL Coca-Cola. Colo Fuel. Colo & South. Columbla Gas ColumbiaGraph, Col Graph pf. ... Columbn Carbon Comp Tabulat.. Congoleum Co... Cons Cigar. ... Cons Gas of NY. Cons Textile. Cont Can. Cont Can pf. Continental Mot Corn Products Cosden & Co Cosden pf.. Crucible Steel Cuban-Am Sug. Cuba Cane Sug. ‘uba Cane S pf. Cuban Dom'can. Cuyamel Frult.. i Davison Chem. . Del & Hudson D Lack & West. Detroit Edison. . Dome Mines. . Dupont (ED)... Dupont deb.. Eastman Kodak EatonAxle &Sp. Elec Stor Bat. .. Endicott-John. . Brie... Erie 1st pf. Erie 2d pf. . Exch’'ge Buffet. Famous Players Fd Mines&S pf. Fidelity FIns... Fifth Ave Bus. . Fisher Bof O pf. Fisk Rubber. { Flelshman Foundation Co.. Freeport Texas. Gardner Motor.. Gel Am TK Car. Gen Asphalt. Gen Baking Gen Clgar { Gen Electric..... Gen Elec spl Gen Motors. Gen Mot 6% deb. Gimbel Bros. ... Glidden. | Golawin Corp Goodrich. Goodrich pf. Goodyear pf. Goodyear pr pf. Granby Consol.. Gt Northern pf.. Great Nor Ore. Greene-Canan... Guantana Sug. . Guif St Steel.. Harbishaw Cab. Hartman (new) | Hartman Corp. . Hayes Wheel... Homestake. Househ'd Pr Houston Oil ‘Hudson Motors. | Hupp Motors. .. Hydraullc Stl... 1llinols Central. Indian Refining. |lnllnd Steel. - | Inspiration. ...« Interb Rap Tr.. In Ag Chemical. Int Cement. In Combust Int Harvester. . Int Mer Marine. Int M Marine pf. Int Nickel. Int Nickel pf. Intl Paper. .. 1nt Shoe. Int Tel & Teleg. Intertype Corp. Invincible Oll.. Jewel Tea. Jewel Tea pf Jones Tea. Kansas City 8.. Kayser (Julius) Kelly Spr Ti Opes. High. 68 6874 6'a 'a A 95 657 107 421 13% 28 53 315 100% 15% 6k 207 57, 89% 85 46% 88 26% 115 T 45% 85 Low. Close. | 67% 67 6 i 1% 95 68 68'a 6 “ 1% a5 : Kelsey Wheel { Kennecott. Keystone Tire ‘Kinney G R. Kresge (SS). Laclede Gas. ... 83 2% 8514 65% | Loe T & Rubber. 107 99y 16% 84 107 3 994, 16% 6% 20% 13 89% 84 46% 87 26% Bl% 1045 7 129% 25% | 8% 64 29% 11'% 46% 5 59 68 110% 117% 103 3612 128% 84 111 22% 60% 66 18 2T 200 20% 65% 44% 119 9% 98's T 45 6915 1% 6% 4% 31% 100 84 181% 10% 14% 82 48% 6% 44% 22% 8% 8% 335 1% | 80% 34% 3 68 26% 8% 18 72 32 | So Porto Sugar. Lehigh Val 'Lig & M. + Loose-Wiles. . ., l?fi'u‘ 1637 163'a 163% Lorillard (P). , Louis & Nush. iMcIntyre Por. { Mack Trucks. .. ! Mack Truok 2d. i Magma Copper. . | Mallinson & Co. | Manati Sugar... ! Manhat El Sup. . Maracaibo Oil. . Market St R 2d. Marland Oil. Martin-Parry. Mathison Alkill. Maxwell (A) Maxwell (B) May Dp Stores. . Met Edison pf. Mex Seaboard. .. Mex Seahd ctfs. Miaml Copper. .. Middle St Ol Midvale Steel. Minn & St L. Minn StP & SSM. Mo Kan & ‘vex.. Mo K & Tex pf 5o Pacific. Mo Pacific pf. Montg'y Ward Moon Motors Mother Lode. Munsingwear. Nash Motors Nash Botors pf. Natl Acme. Nat Biscuit Natl Dept Sto pf. Nat! Enamel. ... Natl Ry of M Zd. at Supply. . Nevada Copper. N Or Tex & Mex. Newp Ns Gas pf. NY&Harlem Ry. N Y Air Brake. NY Air Brk (A). N Y Canners pf. N Y Central.... NYChi&StL.. NY Chi & StL pf. NYNH&Hartfd. Y O & Westrn. orfolk South. . Norf & Western North Amer. North Pacific Ohio Bdy & Blw. Ohlo Fuel Sup. Otis Elevator. Otis Steel....... Otis Steel pf. . Owens Bottle. .. Pac Gas & Elec. Pacific Mail..... Pacific Ofl. ... Packard Motar. Pan-Am Pete Pan-Am P (B).. Parrish & Bing. Pennsylvania. .. Penn Seabd Stl. Peopie’s Gas. Peoria & East.. Pere Marquette. Philadelphia Co.. Philip Morris. Phillips Pete Phoenix Hoslery Pierce Ar prior Pierce Oil Pierce Ol pf. Pitts Coal Pitts Steet pt Pitts & W Va. Pressed Stl Car. Pressed St C pf. Produc & Ref. .. Pub Service. . Pullman Co. Punta Alegre Pure Oil.. Railway Stl Sp.. Ray Con Copper Reading.... Reading 15t pf. Reading 2d pf. o Remington Rep Ir & Steel. . Reynolds Spr Rey Tobac (B) Royal Dutch. Rutland Ry pf. St L&San Fran.. St L&San Fr pf. St L Southwn. St L South pf. .. Savage Arms. .. Schulte Store Seaboard Air L. Seabd A L pf.. sears Roebuck rs Roebk pf. Seneca Copper Shattuck-Aris hell Union. . hell Union pf. Stmmons. Sinclalr Oil Skelly Oil Sloss-Sheffield Sloss-Sheff pf. South Pacific {Southern Rwy. Southern Ry pf. Spicer Mfg Co. .. Stand Milling. St Ofl of Calif. Stand Ollof NJ St Oilof NJ pf. Sterling Prod. Stew'd-Warner. Strombg Carb. Studebaker. Submarine Bt. Superior Oil... Sweets Coof A.. Tenn Copper. ... Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Oil. Third Avenue. [ Tide Water Oil j Timken Bearing Tobacco Prod. Tobacco Prod A. Tobacco Pro pf. Trans Cont Oil.. Twin CR Tran.. Underwood. . Union Bag & P Union Pacific Union Pac pf.... Un Alloy Steel. United Drug. Utd Dyewood. United Frult 334 17 68 87 T8l 102% 184 2% 3u 91 38% 62% 20% 7 10% 101% 384 56 86 114% 2% 67 38 59 131% 1% 31 % 39 176 314 39% 4% 60% { Va-C Chem pf. ValrCoal & Vivadou. | Wabash pt (B) . Waldorf System | West Penn pf. West Elec pf. Western Md. Western Md 2d.. West Pacific. Western Union. Westhse EI&M.. 58% Wheeling&LE. 6% Wheel & LE pf.. 12% White Eag Oil White Motor. | White Ol Open. High. 88 34% 34% 34 Low. Close. 88 2% 88 34% 3 B5% b4 B5W 272 272 272 834 13% 62% 226 1164 67% 1% 6 b7% 1664 89 16 81 85 0% 30 Bb% 867 20% 28 92! 811 140 371 P 88 102 7% 87% 140 16 10 106% 22% 54% 3ime 3 133 8 46y 43 834% 18% 62 223 1164 67% 17% 6% 56'3 162 88's 18 80% 85 50% 54 1% 130 % 102 13 2% 81 9 384 61% 0% 7 10% 100 38% 56 86 114% 2 67 38 59 1% 1% 83% 13% 62% 226 116% 6% % a7 115 20% 10% 28 24% 9% | 364 93 974 % 504 9174 10% % 5% 11% 921 84ty 140 374 am | 88 102 7% 87% 14% 16 10 106t 22 544 3 3% 132 8 46% 12% 82 ISOUTHERN RAILWAY BONDS ARE ACTIV Old Issues in Competition With New—Eries Strong. Liberties Firm. BY GEORGE T. HUGHES, Special Dispatch to The Star. 1 NEW YORK, November 13.—With, the speculative rails leading, the | bond market today gives an exhibi- ! tion of sustuined strength. ; The one exception was wherc new offerings came into competition with ‘oulnundlnx isvues, ay was tho case with the new Scuthern Rallway 6 per cent general mortgage bonds to the amount of $20,000,000 put out to- day at 96%, to vield 6.35 per cent. In this case Southern Railway gen- eral 4s and gencral 6%s, ull issued under the same mortgage, reacted to bring the yield into line with that obtainable on the new bonde. Both in the casc of the 61s and of the I new 6s the interest above 4 per cent !in not mortgage secured. This gives {the old 4s & slightly better invest- | ment tanding. Erfes Again Strong. ! The Erfes were cspecially promi- jnent in today's advance among the trailroad ohligations, moving in sym- | pathy with the stocks. Trading was | very active and prices for all the |active issues moved higher. = At 57 the convertible D 4s werc within a point of their high for the year, while the prior llen 4s again went above 60. There was_also animated specula- {tion in New Haven bonds in response to the favorable statement for the third quarter. The dcbenture 4s of 1957 on sales of a very few bonds went up more than aj point. The 6s of 1948 were in espeeial favor, For the first in a long time today {also, the St. Paul obligations showed la tendency to advance, but gains were not Jarge. The convertible 4l3s did the best. « Missourt Pacific issues showed Iittle rallying power. The always active Missouri, Kansas and Texas adjustments were strong. Sea- board bonds were steady, but not so active. Libertys Hold Firm. In the high-grade investment {group there was steadiness, but not {much price change. Buying of se- {lected ‘issues continued on a good scale, both on the exchange and “over the counter.” mortgage 3is and Atlan | Line-Louisville and Nashville {lateral 4y were protainent. Libertys were firm around Monday’s closing levels. Apparently the Brit- ish government has completed purchases of United States bonds in |Dr|'nlrnl!ol| for the coming interest IDI,\'man The market from now on is likely to be influenced by the out- {look for tax redu-tion. on the one hand. or a bonus bill, on the other, as i \well as eonditions in the money mar- et. There was very little change in the {foreign group. Austrian is were frac- tionally higher. Dajy’s New Offerings. Today's output of new bonds in- cluded $5000.000 in Los Angeles j(Calif.) 17 per cent bonds, with se- rial maturities of 1924-1963, at prices vield around 4.60 per cent, and $2. “ity of Akron 5 and 5% per also due serially from . at prices to yield 4.65 per PRICES UNSETTLED IN COTTON MARKET New York Central Coast col- in New York and Also in New Orleans. i Br the Assoriated Press NEW YORK, November cotton market was nervous and un- settled during today’s early trading because of ecasier Liverpool cables, a denial of yesterday's reports that the British government had offered a large loan to the Lancashire cotton trade and unsettled foreign political conditions. The opening was steay at a decline of 5 to 36 points under scattering liquidation and southern land local selling. Declines in New Orleans. NEW ORLEANS, November 13 Poor cables and denlals of vesterday's rumors of government aid for the British spinning industry caused de- clines in the cotton market today. During the first half hour of business | prices lost 34 to 3% points, December falling to 32.80. Weather conditions over the belt werc considerably fa- vorable on the whole and private re- ports from some sections of the in- terior talked of an casier spot basis. Noon Trading Prices. NEW YORK. November 13.—Cotton futures, 11:45 a.m. bids. Steady. De- cember. 33.27; January, 32. 12; May, 33.15: July, EW ‘ORLEA November on bids. Steady. December, 33.62 sked; Januar: March,’ 32.38; May, 32 J SHORT-TERM SECURITIES. (Quotations furnished by Bedmond & Co.) —Noos.— id. Offer. 102 108 9% 1011 1o 102 Aluminum Co. of Amer. 35 1925. Aluminum Co. of Amer. 7s 1933, American Cotton Oil 6s 1924. American Sugar 6y 1937.. American Tel. & Tel. 6a i aconds Copper 65 1929. lo-American Ol 7is ‘{925 timore & Ohio 6 1524 Canadian Northern 5igs 193 Central Argentine Ruy. 65 ntral Leatber 53 1925, OO & Pacine sua 1936, B Humble Oil 5% 1932, Kenecott Copper 7s 1930. Tivby, MeNell & Libby 7 Michigan State Tel, Gu 1924...0 AP A s, 87 M 6e 1031, & Co. 1930, Teona. B. K. 73 1030, st. Paol Union Depot wift & Co. 3s 1932 Tidewater Dil 6148 Tnion Tank Car 7 1830, TU.'S, Rubber 71y 1930, Western Union 6%s 1938, ‘Westinghouse M, TREASURY CERTIFICATES. (Quoiations faraished by Redmond & Co.) ——Noon.——, Bia. _ “Ofter, 90 3182 100 132 100 2032 101 132 100 15-16 101 1-18 100 7-16 1009-18 100118 100316 991516 100 1.16 100 11-16 100 13-18 90 1932 09 23.32 100 13-16 100 13-16 100332 100733 65 65 65 65 % % % % 109 1073 Wilson & Co pf. Willys-Overld. . willys-Overlpf 72% 73 72 172 Wisconsin Cent. 25% 28 25% 28 Woolwo: . 279% 281 279% 281 ‘Worthington... 24 24 24 24 Wright Aero... -12% 124 Youngstn Tube.. 64% 66 64% x . High. Low. Last. Call Money . 4% % % ° .HOURLY SALES OF STOCKS. 11am....261 400 12m 761. 300 its Received by Privats Wire Direct to The Star Gfiica. (Sales are 1» §1,000.) ED STATES BONDS. (Fractions re) Exampl 't this -3 means Sales. High. Lib3%s...... 227 Lib1st-34 4% 2 Lib 18t 4%, 46 Lib3d4is... 825 . 931 Lib 4th é%s.. 207 US4%s1982. 268 99-30 97-17 98-8 98-5 99-6 98-6 9917 FOREIGN. Baies. High. - seconds. | Ann Arbor 4s, ¢ R Low. 9825 97-17 984 98-2 99-3 98-4 99-12 Tow. - 19 102% 102% Belgium 7i4s, Belgium 6s. l: Canada 5s 1926 Canada 5%s 1929 Canada 6s 1931 Chile 85 1941. .. . Chile 78 1943. Chinese Gov Ry Christiania 8 Copenhagen 5% Cuba 5%s ctfs Czechoslovakia $s. Denmark Denmark Dutch ET15% { Dutch East I 65'47. Dutch East Framerican 7 Jergen U M 63 47, Lyons 6s. Orient Dev deb Paris-Ly's-Med Prague 7%s. Queensland 7 Queensiand 6; | Riode Jan 8 Rio de Rio G . Sao Paulo.State.8s. Seine, Dept of, 7s Serbs Crotes Slo Solssons 6s..... Sweden 6s. .. Swiss Confed Ud Kingm 5%s°29. Ud Kingm 5%s '37. Uruguay 8 Blaafmwomes: 3 Py = melRvomtasmsuacs Ajax Rubber 8s. .. Am Agr Chem T%s Am Chains f 6233, Am Cotton Ol bs. Am SmIt&R 1at §s. Am BmIt&R 6 Am Sugar Ref 6: AmT & Tcv 6 jAmT& T cl tr5s AmT&Tcltrds.. AmT& Tdeb5% Am Writ Paper 6! Anaconda cv db 7s. Anaconda 1st 6s... 73 Armour & Co 4% 5 Armour of Del 5%2 17 Asso Oil 6s rets. .. 207 Atlantic Refin b: 3 Bell Tel Pa s 13 i Both Steel 51563, 17 Beth Steel rf 6s. Beth Steel pm 51 Beth Steel s { 6s. Bklyn Edison 7s D, Bush T Bldg 55 '60. Calif Pete 6%4sw | Central Leather b: Cerro de Pasco Chile Copper CinG&Ebk%s’ { Commonwth P 6=. { Cuban-Am Sug 8s. | Cuba Cane cv d 8 Cuba Cane cv 7530 Du Pont de N 73s. Duquesne Light 6s. Empire G&F T4s.. Fisk Rubber 8a. Gen Elec deb 58, Goodrich 6%s Goodyear 8s 1931 Goedyear Hershey 6s 1942, | Humble OZR &% fllincis Bell 1st 5: 3 26 5 51 22 9 13 20 28 .86 4 21 S8 nwene ~er— aSueaSewi | Int Paper 1st 63 B. |KECP&LtbsA 52 | Kelly-Spring 8 { Lackawa 8 58 '50 ! Liggett & Myrs 5. i Manati Sug sf T%s Marland Oil 7%s.. Mich St Tel 15t b Midvale Steel 5 Montana Power Morris&Co 1at 4% [ Nat Tude 18t 5s. ... | New Eng Tel bs N Y Edsn Jat 6% | NYG EL H&P 5 IN Y Tel 65’41 N ¥ Tel 68°45 NY Tel 4%s N Am Edison 6s. .. Nor States Pow 5s. . | Nor Statés Pow 6e.. Northwst B Te: ia. Pacific Gas & El b3 j Pacific T& T 53l Pan-Am Peto 7s... PhilaCoref 6s A 1 Phila Co 5% '3 Pierce-Arrow 8s. Pierce Oil deb 83 Producers & R 8a. Public Service 5s.. { Punta Alegre 7s... Saks&Cos 7 Sharon Stl H & Sinclair Oll 73 Sinclair O] 6% Sin Crude Ol 6s.... sin Crude Ofl 634, Sin Pipe Line b South Bell Tel 53 So Por Rico Sug 18 Steel & Tube 7s. Sug Est Orfent Tenn Elec Pow 6s. Tide Wat Oil 6% Tobacco Prod sf 7s Toledo Edn 18 Union B.3 & P } Unit Drug cv 8 U 8 Rub 18t rf bs. U 8 Rubber 7% USSteel st Ga. Utah Pow & Lt 6s. Va-Car Chem 7: Va-Car Ch %8 | Warner Sugar West Unlon 6%s Westinghouse 7s.. Wickwire Spen 7s. Wilson & Co 1st 6s. Wilson&C cv T3s. ‘Winchester A 7%s. Youngsto S& T 6s. © - 0 OO B N G 1T I A G 51D 0 08 O I IS S T ea (S D 00 - e LT T == o «3 BTY BACK DIVIDENDS VOTED. Bemingt’on Typewriter Company 88% 99 96 101 108% 87% 1% 95 96% 99% 101% 100 99% 105 103% 105% 95% 47% 107% 887% 914 23 95% 88% 98% 95% 100% 104 87 65 91 96% 99% 101 99% 994 104% 103% 104% 5% 46% 107% 88% 91 925 108% 95 20 94% 94% 89 9T% 93% 1Y% 76 97% 93% 92 80 7% 1% 7 93% 10% 934 93% 89% 70 6% 105% 101 89% 898 95 994 83%, €6% 82 102% 1124 107% 101 103% 103 [T 90 97% 2% 1t MISCELLANEOUS. 894 o7 204 92% 102% 101 116% 9614 925 8% 475 9815 9514 B4k 8xly V8% 8813 734 5% 104% 801y 107% 1023 99y 9ty 85%, 96 9614 81 95 100% 1021 95% 92% 102 107% 106% 96 110% B4% 104% 102% 877% £ 63% 102% 109% 107% 87% 5% 4% 102% 93% Takes Important Action. NEW YORK, November 13.—The Remington Typewriter Company to- 7% | day declared a dividend of $2 on sec- ond. .cumulative preferred stock, ble December 20 to stock of record Decambie! The last dividend on December lose. 102% 8% 8% 95% 101 108 87 1% o5 96% 99% o1 29% 9% 104% 103% 106% 95% 46% 107% £8% o1 92% 108% 95% | 97% | 103% 105% 94w 9ln ! 8%, | 100% ! 107% i 904 | 91 103 99% 8834 | 3% 75% 104% 804 107 103 99 | 91% 85% 96 96% 81 95 100% 1025 | 954 | 925 1028 | 1073 106% 96 110% 8% 04k 108 87% | & | 63% 103 109% 107% 87% 5% 944 1025 3% i pay- second preferred was paid August 1, regular quarterl. on first - pref payable 12% 12%|7921, leaving & balance of $20, The dividend of '$1.75 January 1 to stock of record December 22, also was declared. —_— . 482 100} Thirty-seven unions in Germany have & membership of more than 5,000,000, RAILROADS. Atchison gen 4s. Atchison ad] 4 e 3 " 8 35 11 22 54 1 68 Canadian North 7s. Canad North 6%s. Canad Pac deb 4 Car Clinch & O Car Clinch & 0 Central Pacific 4s. Ches & Oho cv bs. Ches & O cv 4%s Ches & O gn 4% Chi& Alten 38 C:t‘zumn 3%s.. Cl Alt3ys Chi BAQ g 4u F4 Chi B&Q 1st rt § Chi & E 1l gn 68, Chi Great West Chi GrWest 4s ( CM&PugetSdds. 6 Chi M&StP rt 430 49 Chi M&St P cv 6s.. 33 g:: 5:3‘:”':" 17 SPcv 4. Chi M&SCE o sh 30 CM&StPgn 4%, Chl& NW 6% Chi Rys by ChiRI& Pgn & ChiRI& Pacrf s Chi& W Ind cn ¢s. {Chi& W Ind 73 CCC&StLre6sA.. Cleve Term 5%, Colo & Sou 43 Del & HA 1st rf 4s. Del & Hudson §%s Den & Rio G cn 4s. D& RG 1st rf by Det United 4% Erle 1t con 4s.... b1 Erfegends... Erle conv 48 A Erle conv 4s B, Erle conv 4s D. | Gr Trunk st ab Grand Trunk 7 Gr North gen 7s... 67 Gr North gen 6%s. 2 Havana ERL&P 53 6 tud & Man ref 6s. 27 Hud & Manajbs.. 31 11l Central re 3 111 Central 5%, 12 111 Cent ref 58 '55.. 2 Int Rap Tran 6s... 9 Int Rap Tr6s stpd. 2 Int Rap Tran 6: 12 Int Rap Tran 7 2 Int & G Nor aj 43 Int & G Nor 1 48 Towa Cent rf 2 Kansas City S3s.. 32 KansasCity Sbs.. 4 Kan City Term 4 Lake Shore 48 '28.. Louls & N uni 4. Louis & N bs 2003.. Manhat Ry cn 4s.. Market St cn 68 Mil Bl Ry & L 58 M StP & SSM 6% M StP & S5M cn 4s. MK&T st 4s. MK&TprinbsA. MK&T4sB. MK&T6sC. {MK& T adj 6 Mo Pacific 6s. Mo Pacific gu 4 Montrl Tm 1st Gs.. N'O Tex & M in bs. NY Centgendk N ¥ Centdeb 4s... N Y Cent r 16 N Y CenLScl3%s. 29 New Havencd 6s.. 59 | New Haven d 43 57. 32 NY State Ry 4%s. NYW & Bos 4%s. 16 Norfolk & W cn 4s. 61 Norfolk & W cv Northern Pac 3s... 19 Northern Pac 4s... 18 Northn Pacr | 6s.. 28 Northern Pac 53 D. 20 Ore & Calif 1st 5s.. 18 O Short L cn 58 '46. Ore Short Liref 4s. Ore-Wash 1st rf 48 Pennsyl gen 68. Pennsyl gen 4% Pennsyl 6%8. Pennsyl gold 7 Pennsyl con 43s. . Pere Marq Jet b8 | Reading gen 4 RIATk & L 4% St L IM&S R&G StLIM&B4s'2) StL&SFpldsA, iStL&SF prln6s. StL&SF inc8: StL&SFb%8D.. |StL&s ¥ adjés {StL&S¥plés StLS W Ist 43 St LS W con ds Seab'd 4\ L. 4s sta.. Seab'd A Liref 4s. Seab'd A Lad] 5s.. Seab'd A L con 6t Sou Pacific 431929, Sou Paciic ref 4 Sou Pacific cit { Southern Ry 1st Southern R¥ gn Southern Ry 6%! Sou Ry Mobile 4s.. | Third Ave ad} bs, Union Pac 1st Union Paccv 4 Union Pacecv 6s... Union Pac 1st rf §s Wabash 1st 5s. i Western Md ‘Western Pacific b West Shore 1st 4 Wheel & L E cn 43. Whel &LE rf 4%s. Wisconsin Cent 4s. 7 TOTAL SALES (! 1p.m.. 6375000 —_——— High, 55 0% 80% 82% 984 81% 101% 83% Bdsy kit 96 67% 66% 73% 89% 113% 1z 8% 92 97 88% 89y 87% B4y b 31% 29 85% 99% 1% 47% 44% 62 51% b57% 7 57 T 78% 109 16 8% W% 1% 102% 102% 102% 82% 84% 98% 694 41% 85% 61% 52u 547% 54% 57% 103% u3 108% 957% 81t 81 59% 85% 101 100% 59% 594 564 84 39% 88 15 24 854 82% 95 89% 6% 56% SHINGTON, D. C., TUESDAY, NOVEMBER 13, 1923. . - [ervvv vorx BONDS s st FINANCIATL. ; Grain, Produce and Live Stock Low, Cisss.| LOCAL WHOLESALE MARKET. 133 80% 82 96 81% 100% 83% 84% 76% 95% 67% 66% 3% 89%, 113% 111% 8% 92 96% 8% 9% 8% B4% 54 31 29 ar Valusl 11am.. 2790000 12noon 5053000 FOREIGN EXCHANGE, (Quotations furnished by W. B. Hibbs & Co.) Nominal 1 vatue. oY London, pound. Moutreal. dolla: Paris, frasc. Brussels, Budapest, Prague, crown. Warsaw, mark. NEW YORK, olgn cxchanges tions _(in 10560 ‘0479 60 per trillion. 04377 % [23 89% It was announced this morning that the season for turkeys was on. De- 80% |mand for the king fowl is not very 96 s1% 101% 83% 4% 6% 85% 6T% €6% 3% 89% 113% 1z 8% 92 97 B7% B4% 54 29 9% 74 3% { 34 €814 80 57% 87% 72 8% 6 % b8y 45 40% 67% 3% 88 54 95% 67% 1014 5% 43% 93% 96% 102% 9918 8215000 Selling checks, a; November 13.—For- irregular. Quota- | United States dollars. Great Britain, demand, 4.37%; cables, 4.37%; cavis, loinek cal _— . B .0436%. Bel L0476 mand. mand, demand, .2623. Switzerland, demand, .130! Poland, demand, .0000000000004. .3783; cables, 1451%. Denmar! slovakia, demand, .0z89. Austria, Rumania, demand, Argentina, demand, .3150. Brasil, Montreal, .98 15-16. de L0116 and, .no'gouw mand, .0899. demand, Greece, demand, .0L51. (creamery, 40a44; ladles, 34a35; rolls, .00000055. Jugoslavia, | butter, 35a3! sixty-day bills on France, demand, . Belgium, gium, banks, 556% 5 o demand. demand, ; cables, .0477%. Germany, d Holland, " d Norway, 3788, Sweden, demand, 17.58. Czecho- demand, —_— PARIS MARKET NERVOUS. o PARIS, November 13.—Prices moved | fer for'sale to the public $1,000,000 of irregularly on the bourse .0051. , de- today. great. dealers reported, but the de- mand will increase from now until the Thanksgiving holiday season. Live turkeys were quoted at 40 and 42 cents. [ Dealers are yet unable to suggest probable prices for the Thanksgiving season. They feel reasonably certain. however, that prices will be cheaper than they were a year ago. Reports from other cities tell of probable cheaper prices. Thero is a demand for keats, young keats taking the place of certain game, the sale of which is prohibited. The price of young keats this morn- ing was 80 and 85 cents. Eggs—Strictly fresh, selected, can- dled, per dozen, 55; average recelpts, 53: storage, 35a36. Live poultry—Roosters, per I1b., 16; turkeys, per Ib., 40a42; spring chickens, per Ib,, 25a26; keats, young, each, 50a80; 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, youns, each, 80a85: roosters, per Ib., 20. Game—Rabbits, No. 1, per dozen. 4.2024.80; No. 2, 3.00a2.40. Live stock—Calves, choice, per Ib. 12; megdium, per Ib., 11; thin, per I 8a10. Lambs, spring, per Ib., 13. Live igs, 3/00a5.00 each; live hogs, per I1b., een fruits—Apples, per basket, & .50; per barrel, 2.50a5.50. California oranges, per crate, 6.00a7.00; Florida, 2.5084.50. ~ Lemons. per box, 3.00a4.00. Grapefruit, 3.00a4.00. Grapes, twenty-pound basket. 75a1.0f quart basket, 2214a26; honeydew melons, T5a1.50, Vegetables—Potatoes, per bbl.. No. , 2.50a2.75; No, 2, 1.00a1.50. FPolatoes, round, per bag, 2.25a2.50; sweet pota- toes, 3.25a3.75 per bbl. Southern lettuce, per crate, 1.00a1.50; nearby, 70al.00; Ice- berg, 4.00a5.00. Cabbage, northern, 1.75 a2.00 per 100 Ibs. 1.0021.50 bbl. atoea, balf- asket, nearby, .00. ~ Beans, southern, per basket, Peas, per basket, 3.50a5.50. New York celery washed, in rough, . Squash, Peppers, per crate, 1.00a2.50. 1., 75a1.50. Spinach, per . Home-grown lima beans, per q , 35a50. Lima beans, per basket, 2.50a3.00. Southern cucum- bers, per bushel, 4.50a5.00. Carrots, 100 1b. sack, 2.25a2.50. GRAIN AND PROVISIONS. BALTIMOR! November (Special) white, pounds, 1. 150 ' pounds, 1.00a sweets and yvams, barrel, 1.50a 3. bushel, 1.00al. beans, bushel, 1.00a2.50; lima bean: bushel, 2.00a 2.25; beets. 100, 2.00a4.00; brocoll, bushel, 20a2i; brusscl sprouts, quart, 15a25: cabbage, 100, 4.00a6.00. savo: busghel, 35a40; carrots, 100, 3.00; caulifiower. crate, 1.35a3. celery! crate, '5a3.00: eggplants, crate, 4.50a5.0 kale, bushel, 20a2 lettuce, bushkel, ; onions=, 100, 0na3. ovster plante. 100, 5.0086.00; peppers 50;" pumpking, 100, 5.00a bushel. 50a60; pars- rips, basket, 40a50; tomatoes. basket. S0a turnips. bushel. 30a{0. Apple: packed, barrel. 2.00a: bushel, 50a1.40; loose, 100 pounds, 1.00a2.25; box apples, 1 berries, ~barrel | 13 100 Settling Prices on Grain. Wheat—No. 2 red winter, 1.06%; No. 3 red winter, spot, No. red winter, garlicky, spot mestic. 1.06%: export. 1. red winter. garlicky. spot. 4 red winter, garlicky. spot, 991z Sales—Bag lot of nearby at 1.10 per bushel. spot, 103 do new, barrel: pot, no quotations; track . Do _quotations. £ lot of nearby, new, .07; bag lot of new nearby, . at 10 Oats—No. 2 white, new, 52; No. white, new, 51, R Nearby, T5a85: No. 2 ry spot, I cipts, 63 tons. parison with the demand, the quan- tity of hay offerings is more than ample for trade needs and the cdge is off prices. Damaged and low- grade hay is very irregular in value. Outside prices are extreme at the fol- lowing quotations: No. 1 ti 27.50; 0 e No. 2, 3 Ni 2 00; No. light clover mixed, 50a26.00, No. 2, 24.00a! 1 clover mixed, 24.50a25.00 clover, 24.00a25.00. Straw—No. 1 straight rye. 25.00 per No. 1 tangled rye. 15.00a16.00; ." 1 wheat, 13.00a14.00; No. 1 oat., 14.00a15.00. TODAY'S CHICAGO PRICES. CHICAGO, November 13.—Absence of any important selling pressure led to an upturn in wheat prices today soon after the start. Relative firmness of Liverpool quotations counted as |something of a bullish factor, and so 100 did strength of corn. Most of the in com- {wheat purchasing. however. was con- ifined to previous sellers who were in a position to colicct profits, The open- ing, which ranged from %al; decline to 12 advance. December, 1.02% to 10255, and May, 107X to 1.08%, was followed by gains ail around. Damp weather gave firmness to lcorn and oats. After opening at % off to a_shade advance, December, 763 to 6%, the corn market showed a general upturn. Oats started unchanged to % high- er, December. 4173242, to 42, sagged a littlo and then hardened all around. Provisions were firm with corn, de- spite lower quotations on hogs. WHEAT. Tigh TLow. Close, 1075 1017 Vosis 1 5 11.92 186 1187 Javuary .. 245 9.6 CHICAGO LIVE STOCK MARKET. CHICAGO, November 13 (United States Deparment of Agriculture).— Hogs—Receipts, 52,000: 10to20lower; bulk. goods and choice, 200 to 340 pound butchers, 7.00a7.30; top. desirable 1.60 to 150 pound averages 6.60a6.9. packing sows, 40a6.60 better grades weighty slaughter pigs, 5.75a6.00. Cattle—Receipts, 13,000 head; fed steers and yearlings, stockers and feeders, steady to strong; early top matured steers and vearlings., 11.75; bulk fed steers and yearlings, 9.004 10.50; canners and cutters, 2.50a3.00 light' canners, downward to 2.25: bulls, sluggish: few weighty medium to good bolognas, 4.15; veal calves. uneven: 25 to 50 under Monday's opening trade; bulk, early, 9.50 to packers; few, 9.00. Sheep—Recelpts, 10,000 head; kill- ing classes, strong to 25 higher: feed- ing lambs,’ scarce, slow around steady; most fat lambs, early, 13.00a13.25; culi natives, 9.75a10.25; medium weight fat ewes, 6.00a6.50. DAIRY PRODUCTS. BALTIMORE, Md., November 13 (Special). — Live poultry — Turkeys, 1b., 35a43; spring chickens, 23a24; leg- horns, 1b., 18a22; old hens, 18a24; leg- horns, 17a18; old roosfers, 14als: ducks, 17a23; geese. 22a30; pigeons, pair, 20a25; guinea fowl, each, 35a70, Eggs—Loss off, native and nearby demand, | orsts, Goz, $2a53; southern, 44a50. Spain. Butter—Creamery, 0od to fancy, Ib., 48a53; prints, b Y 53a55; nearby 28a32; dairy prints, 28a32; process store packed, 23. HAYNES AUTO PLANS OUT. KOKOMO, Ind., November 13. Haynes Automobile Company w bonds, while an additional $500,000 Three per cent rentes, 55 francs 20 |will be subscribed for by directors, centimes. franes 40- centimes. Exchange on London, 78 |officers of the company announced to- Five per cent|day. The money is to be used in re- loan, 71 francs 15 centimes. The dol- 'was quoted at 17 francs 87% |production on a paying basis, accord- contimes. financing the company and beginning ing to- the announcement. REDISCOUNT RATES | UNLIKELY TO MOV Reserve Bank Governors in Session Here—Local Stocks Very Quiet. Considerable interest - is beinz manifested by banking interests of the country in tho regular fall con- ference of federal reserve bank gov- ernors new under way here. Of primary importance is the moo! matter of rediscount rates which will come up for discussion before the oonference ends. However, it has been learned from authoritative sources that no increases are cx- pected to be recommended at thi time. Credit conditions, it is sald, are such that it would be reasona to expect & reduction in the bank rate after the turn of the year, pro- vided, of course, credit continues to ease as a result of the return of funds being employed in moving the crops. In any event, bank rates will not be changed at the current session. Action of this kind fs up to_the directors of each federal ru- serve bank. and any new suggestinn is submitted to the federal reserve board. These periodic meetings of th board are mainl: for an exchange views as to credit and banking condi + tions in the different localitics 865,000,000 in Interest. i Approximately $68.000,000 interes” will be pavable next Thursdax by t/ 4 United /States government on the % per_cefit second liberty loan bond rl 1927-42 and on the 11, per o liberty loan bonds of the sa Interest on registered bonds Is paid by check ury at Wasnington. Cou now be sent to the coupon i vision of the federal reserye the various districts which pared to receive them. Che ment of coupons deposited in { will be ready for delivery at o Thursday, or member banks, upon quest, may have the procee {due. credited to their counts. Construction Date Set. { Building of the elaborate new hame jof the Federal-American National Bank will be actually started Feb {ruary 10, 1924, when the three months notice to te, given tenants now occupying the site, will have expired. It is estimated that the present | structures now gracing the location will be cntirely razed within a month thereafter, and the work of constrir tion will then be started immediate Bonds Offered Herr. An offering of $20.000,000 Southern Rallway Company development and improvement mortgage 6 per cent bonds, due April 3, 1936, was today made to the local public at 96% to yield about 6.25 per cen The principal and 4 per cent inter lest are secured under the mortgage, and the additional 2 per cent inter ©oxt {s secured under a supplementil indenture. This arrangement is ne- icessitated by the limitation of the coupon rate under the terms of the mortgage fo 4 per cent, and {5 iden| 1 with that made in the caso of the 6s, now outstanding. Local Stocks Qulet. This morning’s trading on thes Washington Stock Exchangs was dull and uninteresting. Washington Gae 6s brought 100%; Fotomac Electric Power refunding is, 106%, and Wash- ington Railway and Electric 4s, 69%. On the stock side, Lanston was easy at 71. while Capital Traction brought 95%. $20,000,000 IN BONDS PLACED ON SALE Southern Railway Issue Day's Big- gest New Offering—Wall | Street Briefs. 7 By the Agsociated Press. NEW YORK., November —An issue of $20,000,000 6 per cent develop ment and general mortgage bonds of the Southern Railway Company was offered for public subscription today The bonds mature April 1. 1956 and were offered at 361 to yield approxi- mately 6.25 per cent Another offering today consisted of $5,000,000, Los Angeles, if., one t thirty vear i3 per cent bonds prices to vield about 4.60 per cent Two issues of Akron, Ohio, munici- pal bonds aggregating § offered at prices to vield per cent One issue of $1.500,000 bears a §% 1 cent_coupon and the remainder a 5 per cent coupon. The appiication of the Standard Oil Company of New York to list ils hares for trading on the New York cxchange has been withdrawn becanse of a disagreement over the amount the company would be required to pay for )nxg privilege of iisting. The company. {1t was understood, contended the fee {should be 322.300. while stock exchange officials werc said to have interpreten the exchange rules to require payment of $90.000. The stock will continue to be_traded in on New York curb. The Glen Alacn Coal Vompany has declared a dividend of $2.50 a shar payable December 20, to stock of rec ord December 1 Net income of the Columbian Carbon Company for the nine months ending September 30 was §: 9,129, The Standard Oil Company of New Jersey has announced a cut of 1 cent @ gallon in the price of export gasoline in bulk, making the new price $1.05 MARK PEDDLER RINED. Sold Them 100.000 for Cent—Is Assessed 16,000,000,000. NEW YORK, November 13.—Sam- uel Miller, who was passing ouf 100.000 marks for 1 cent at a streel corner when a policeman arrested him_for failurc to produce a ped- dler’s license, was fined the cquiva- lent of 16.000,000,000 marke by Mag- istrate Oberwager. That amounts 1o 2, American money WIRE PRICES RAISED. EW_YORK. November 13 (Spe- cial).—The American Brass Company bas advanced quotations on bare cop- per wire !; cent a pound %and on magnet waterproof annunciator and ofice wire % cent a pound. CALL MONEY RATES. YORK, November 13— ;' high, 4% low, 4 ruling rate, 4% ; closing bid, 4%: of- fered at 4% : last loan, 4%; coall oans, against acceptances. 1. Time loans llateral. 60-30 days, 5: 5able: prime commercial a NE 4-6 month; paper, badl. TODAY'S METAL MARKET. NEW YORK, November 13.—Cop- por—Firm: electrolytie, spot and fu. tures, 133%a13%. Tin—Strong; spot and futures, 44.6! Tron—Stead: prices unchanged. Lead—Stead spot, 6. Zinc—Quiet; Fast Louis, spot and nearby, 6.15. Ant mony—Spot, 9. HAMEL IS PROMOTED. Charles D. Hamel, assistant solict tor of internal revenue, has b > pointed chairman of the }ummfle";c‘Sn appeals and review, to xucced King- man Brewster, resigned. The ap- poinment is effective December. 4. | I | 1