Evening Star Newspaper, November 15, 1923, Page 28

28 . FIN BALDWIN STRONG, 115, STEEL HEAVY Stocks as Whole Fail to Get Ahead Much—Erie Shares ... Less Active. BY STUART P. WEST. cinl Dispato) Star. W YORI, November 15—There were occasional outbursts in the stock market tpday on the buying side of particular stocks, but these failed to influence the market as a whole. Baldwin Locomotive was bid up above 126 to a mew high for the recent movement without drawing the other leaders along to any extent. Steel common was distinctly heavy, and while Studebaker and American Can went up for a while, the gain was; only temporary. Erie Excitement Pasxes. The excltement in the Kries sub- sided despite the talk that recent buying has been for banking interests which have figured prominently in big rallway deals. The Erle stocks all came down 113 to 2 points from their highe. The ease ith \‘\'hlrh other Jow-priced rails like New Haven, Wabash A and St. Paul preferred re- ceded showed how largely thelr rise had been due to a demonstration against the short interest. . Shares of companies engaged in the distributive trade were again in de- mand, Sears-Roebuck making a new high for the season, while Montgom- ery-Ward across 26 was above its best of the year. There was a report that banking interests connected with Montgomery-Ward had taken over the remaining stock owned by the Tobacco Products Corporation at prices above the present market. Virginia Chemicnl Jumps. The improved buying power in the agricultural states—always excepting the wheat country of the northwest— was agaln emphasized in connection with the strength of this group of It also was the argument of the sharp rise in Virginia- Carolita Chemical preferred. Tobacco Products stocks were bid up on the ratification of the deal with the American Tobacco Company at to- day's meeting. The oils were strong for a time, but they could not make much headway in view of the weekly production fig- ures which again showed only a tri- fiing reduction in the output of crude Although Beechnut Packing went higher on the announcement of an extra dividend of 60 cents a share, it was not « very impressive action. ¥ n if this extra were to become regular the stock would be paying only $5 in dividends. Maxwell Motors Gossip. After the denial by the Studebaker president of the report that his com- pany was negotiating for Maxwell Motors, the street turned to other ru- mors to explain the recent strength in Maxwell shares. It was said that the A stock would go on a substantial dividend basis, but this view was not generally a pted. It was a matter of some interest, however, that at the prevailing prices for Maxwell Motors A the original underwriting syndi- cate, which is understood to have held an unsold portion for some time, has begun to “see daylight.” 1t is predicted by people who are usuaily well informed regarding Na- tional Cloak and Suit that soon after the turn of the new year the stock will go on either a 36 or $8 annual aividend basis.. Earnings on the com- mon are reported to be running at approximately $20 per share. Mallinson Pushed Mallinson was bid up again and talk was revived regarding the earning position of the company. There scems to be a difference of opifilon Tegarding the present status of the *ilk business. The market for Mal- Tinson shares is another matter, and it would be no surprise to some if it influenced by certain develop- he difficulties of & record low. It was a question in the minds of some persons how the com- piny would be able to go through the froubles which have beset the small- er ol concerns. So far as can be Jearned Middle States ‘has been able to show Income from operations, but its §howing has not been impressive. SUGAR PRICES LOWER. Heavy Selling in Both Raw and Futures Markets. NEW YORK, November 15.—The raw sugar market was easier early today. Spot Cubas were held at conta cost and freight. equal to 7.28 for centrifugal, but full duty sugars for later arrival were offered at con- cossions. There were sales of 3,500 bags of Perus for late November ar- rival to a local refiner at 4 13-18 e i f., or % below the quoted price of Cubas. There was renewed selling pressure in the raw sugar futures market and prices at one time showed net losses of 156 to 16 points. Toward midday there was a partial rally on covering, but the undertone was still unsettled. Trading was falrly active, with noon quotations 9 to 11 points net lower. BLAME PUT ON RUHR. Paris Market Heads Trv to Ex- plain Irregular Prices. ARIS, November 15.—An official bourse communique today attributes the unsatisfactory condition of the | snarket to the situation in the Ruhr, ‘accentuated by the growing di- vergencles in the French and British ewpoints Y radine . was unsettled on the bourse today, owing to the latest developments in the Ruhr situation. Three per cent rentes 54 francs 30 centimes. Exchange on London, francs 50 centimes. Five per cent loan, centimes. The dollar was quoted at 18 francs 473 centimes e FOREIGN EXCHANGE. 50 francs &5 80 AN THE EVENING STAR, WASHINGTON, D. C, THURSDAY, NOVEMBER 15, 1923. NEW YORK STOCK EXCHANGE Air Reduction. . Ajax Rubber Alaska Juneau. . Allied Chem. Allis Chalmer: Am Agr Chem. Am Ag Chm pf Am Bank Note.. |’Am Car & Fay Am Chain (A).. [Am Cotton Ofl.. {Am Cot Ol pt ! Am Druggist. Am Express. . Am H & Leath Am H & Lea pf.. IAm tce. .. Am Internat'l.. Am Locomotiyv: Am Radiator Am Roll Mill pf. 1 Am Safe Razor. Am Ship & Com. Am Smelting. Am Steel Fdy. Am Stl Fd pf, Am Sugar. Am Sugar p Am Sumatra. Am Tel & Teleg. Am Tobaceo. . Am Tobac (B) Am Tob pf (n) Am Water Wks. Am Woolen. Am Woolen pt Am Writ Pr pf. Anaconda. Ann Arbor pf. Armour of Del pf. Asso D Goods. Assoclated Ol Atchison. . Atchison pf. . Atlan Bir & Atl. { Atlan Ust Line iAtlanllc Fruit Atl Fruit stfs. Atlantic Guif. Atlas Tack. . Austin Nichols. Baldwin Loco. . | Baldwin Loc pf. 2 & Ohlo. .. Balto & Ohio pt. { Barnesdall (A). Barnesdall (B). Bayuk Bros. 2 Beechnut Pack. Beth Steel. | Beth St 79%(n).. Booth Fish. .. Bklyn Edison... Brklyn-Man Tr. Brkin-Maa T ptf. Bklyn Rap T fp. Burns Bros (A). Eutte Copper. Butte & Super Butterick Caddo Oil Calif Petrol. Callahan Zine. Canadian Pac... e Threshing. Centrat Leatn. Cent Leath pf. Cerro de Pasco. Chandler Mot. Chesap & Ohlo Ches & Ohio pf. Chi & Alton pt. Chi & East Ill... ichig Empt. Chi Great W pf. ChiMil & St P Chi Mil &St P pt Chi & Northwn. Chi Pneu Tool ChiRI& Pac... ChRI&Y 6%pl Chi R 1&P 7%pf. Chile Copper. | Chino Copper. .. Cluett Peabody. Coca-Cola. .. Colo & South. Columbla Gas. .. Columbn Carbon Comp Tabulat Congoleum Co. Cons Cigar.. . Cons Gas of NY Cons Textile Cont Can.. Continental Mot Corn Products. Cosden & Co Cuban-Am S Cuba Cane Sug Cuba Cane S pf.. Cuban Dom pf.. Davison Chem. . Del & Hudson. D Lack & West. Detroit Edison.. Douglas Corpn.. Dupont (EI). Dupont deb. Eastman Kodak EatonAxle &Sp. Elec Stor Bat. Emerson-B pf. Endicott-J pf. Erte. Erie 1st pf. Erle 2d pf Famous Players Fd Mines&S pf. Fifth Ave Bus. Fisk Rubber Fleishman. Foundation Freeport Tex: Gen Am Tk Car. Gen Asphalt. ... Gen Asphalt pf. Gen Baking. Gen Clgar. Gen Cigar pf. Gen Electric. Gen Elec spl. Gen Motor! Gen Mot 6% Gimbel Bros. Gildden.... Goldwin Corp. Goodrich. Goodyear pf. Goodyear pr pt. Granby Consol. Gt Northern pt, Great Nor Or Greene-Canan. { Gulf Mo & Nor. Gulf M & Nor pf. Gulf St Steel { Harbishaw Cab. Hartman (new) Hayes Wheel Hendee Mfg. Homestake Househ'd Pro Houston Oll. Hudson Motor: { Hupp Motors Open. High. 674 6 1 65% 42 18 864 93 33 8% 8% 109 162% 50% 64 128% 26 6410 20% 11 46 34 58% . 109% 118% 103 11% 129% 85 110% 23 61 13 112 18% 28% 22% 643, 44% 9% T 45% 69 11% 47% 32% 65% 29 106 32% 25% 21% (Quotations furnisied by W. B. Hibbs & €o.) | 11ino1s Central. 102% 4 vatue gold vaive. 48865 Selling checks, today. 4.33% B8, 4115 0463 .80 per trillion. 04273 1749 London, pound Montreal, doll Paris, franc Vieana, crown Budapest, crown Prague, By the Associated Press. NEW YORK, November 15.—For- eign exchanges irregular. Quotations (in United States dollars)—Great Britain, demand, 4.33 15-16; - cables, 4.343-16 4.3111-16. cables, .053 France, demand, .0528%; Italy, demand, .0426%; cubles, .0427. Belgium, demand, .0458%; cables, .0459. Germany, de- mand, .00000000000025: cables, 00000000000025. Holland, demand, cables, .3735. Norwa Swedcn, demand, mark, demand, .1641; Switzerk nand, .1745: Spain, demand, Greece, demand, .0153; Poland, riand, .00000050; Czechoslovaki: 0288; Jugoslavia, Austria, demand, .000014; Ru- » demand, .0052%; Argentina, wemand, .3162; Brazil, demand, .0880; Montreal, .98 9-32. L —— Miss Dolly Tree has achieved fame 3n Parls, ‘where ‘she créates design: for theatrical productions. sixty-day bills on banks, | Ind OI1 & Gas Indiahoma. Indian Reflning. Indian Ref pf. <Ingersoll-Rund. Inspiration Interb Rap Tr. In Ag Chemical. In Ag Chem p”. Int Cement In Combust E. .. Int Harvester. Int Mer Marine. ! Int M Marine pf. Int Nickel, Intl Paper:..... | Int Tel & Teleg. Invincible Oil. }Iron Products. Iron Prod ctfs Jewel Tea. Jones Tea. .. Kansas City S. . Kansas C So pt. Kayser (Jullus) | Kelly Spr Tire. Kennecott. Keystone Tire, Kinney G R. Kresge (89). Laclede Gas. Lee T & Rubber. Lima Locomo. Loews Inc. 4Yay 1% 6% 49% 173 29 13 1 57 41 22% 76% % 34 12 33% 69 8% 49 44% 18 33 18% 68% 37 25 34% 18% 67 17% 56 166% 88% 67% 6 1 66% 42% 13 87 93 34 3% 100% 109 126% B1% 6 129% 26% 64% 30 11 46% 34 60% 109% 118% 103 11% 19% prin 92 15% 56%h 81% 16% 14% 52 81% % 41% 36 17 60% 328 51% 25% 22% 102% pin 1% 635 493 75 29 13 1 5% 41 225 763 T% 34% 12 33% 691 85 49 P 18 33 18% 53% 87 26% 84% 3% B54% by 18% 674 17% 57 167% 88l McCrory Stor pf. 95% 95% cIntyre Por. .. 18%, 16% Low. 67% [ 1 65 2 12% 36 93 33 3% 98% 109 160% 22 6u 19% 57 89% Clase, 6% 6 1 3 42% 12¥ 36 93 33% 73% 99% 109 161 22 64 C19% 6 89% Bly 44 87 25% 3% 84y 984 6% 12% 59% 378 » 1007 B5% 974 19% 123% 147 4 146% 3 113% 8% 48 4% 17% % 18% 53% 37 24% 34% 3 54% 274 82% 18% 96% T 16%., 101% 39 0% 99'4 2 38% 26 9y, 8% 25% 967 8% 1% hod 0 15% 1% 24% 126% 13 6814 58% 11 7 1 73 50 891 5 110% 114 36% 311y 104 5% 16% 18% 115 211 4% 145 20 85 21% 62% 13 112 17% 27% 21% 644 443 9% T 44% 69% 113 48% 32 65% 29 84 105 181% 10% 14% 81 48 6% 10 19% 43% 92 15% 56% 31 16% 14% 51% 80% P 41% 36 16% 60% 32% 49% 25 22% 102% 4 1% 5% 49y 175 28% 13 1 5% 40% 22% | 6% % 33% 11% | 33% 684 83 49 44y 17% 293 | 18% 58 37 26% 34% 3 54% 280 82% 13% 66% 17% 57 167% 88% 95% 16% Received by Private Wire Direct to The Star Office Open. High. Low. Close. 80% 82 80% Bl1% 93% 93% 93% 93% 64% 64% 64 64 30% 30% 30% 30% 21% 32% 31% 324 56% b5% b5% b6 37% 89% 37T% 3% “ 44% 43 43 20% 20% 20% 20% 31 31 31 81 63 63 63 63 21% 21% 21 21% 81% 31% 31% 31% 3% 37% 35% E'l'u b2% b4w 51% b2% 16% 16% 16% 16 82 82 1245 18% 82 8215 124 12% 12% 13% 124 12% 22y 22% 3% 3% 22% 22% 4% 4y 26% 26% 26M% 26% 1% 11% 11% 29 29 20% 10% 10% 10% 28% 28 28 26 254 25% 23% 23% 23% 9y 9 M 9% 9% 95 50% 50% b60% 6314 644 38 88% 39% Mack Trucks. .. | Mack Trucks 1st 1 Macy Co. Magma Copper. aumr:lmsn & Co anat! Sugur. | Manhat El Sup. ! Manhat Shirt. .. Maracalbo Oil. . Market St pf. Market St prior. Marland Oil. ... Martin-Parry. .. Mathison Alkill. Maxwell (A)... Maxwell (B). | May Dp Store: { Mex Seaboard. Meox Seabd ctfs. Miami Copper. Middle St OI1. Midvale Steel Mo Kan & Tex.. Mo K & Tex pf.. Mo Pacific. Mo Pacific Nat Cloak & Sui Natl Dept Stores Natl Dept Sto pf. Natl Enamel. .. Natl Lead. ..... Nat R of Mx 1st. Natl Ry of M zd. Nevada Copper. N Or Tex & Mex. N Y Air Brake. . N Y Canners. N Y Central NY Chy& St L., NY Chi'e& StLpf. N Y Dock....... NYNH&Harttd. NY O & Westrn. Norfolk South. . Norf & Western North Amer.... North Am pf. North Pacific. .. Orpheum Circult. Otis Elevator Otls Steel. . Owens Bottle Pac Gas & Elec. Pacific Mail Pacific Ofl...... Pagkard Motor. Padkard Mot pf. Pan-Am Pete. .. Pan-Am P (B).. Punhandle. Parrish & Bing. Penna Coal & C.. Pennsylvania. Pern Seabd Stl. Peopie’s Gas. Pere Marquette Pere Marq pf. .. Pere Mrq pr pf.. Philadelphia Co. Phillips Jones. . Philip Morrls. .. Phillips Pete. .. Phoenix Hos pf.. Plorce-Arrow Pierce Ar pt Pierce Oll. . Pierce Oll pf. Pltts Coal pf Pitts & W Vi Postum Cerea! Pressed Stl Car. Pressed St C pf. Produc & Ref. Pro & Ref ctfs. . Pub Serv §% pf. Puilman Co. Punta Alegre Pure Oll. Ray Con Copper Rand Mines Reading. .. Reading 2d pf. Replogle Steel. Rep Ir & Steel.. Rep Ir & Stipf.. Reynolds Spr... Rey Tobac (B).. Royal Dutch. Rutland Ry pf.. St Joseph Lead St L&San Fran.. St Lé&San Fr pt. St L Southwn St L South pt. Savage Arm: Schulte Store: Seaboard Alr L. Seabd A L pf. Sears Roebuck. Seneca Copper. . Shattuck-Ari Shell Union Simms Petrol Simmons Sinclair Ofl.. Sinclair pf Skelly OIl. ... Sloss-Sheffield. . So Porto Sugar. South Pacific. .. Southern Rwy. uthern Ry pf. Spicer Mfg Co St Ol of Calif. .. Stand Oll of NJ StOilof NJpt. Stew'd-Warner. Strombg Carb Studebaker. . Submarine Bt Superlor Oil Sweets Coof A.. ‘Tenn Copper. Texas Company, ‘Tex Gulf Sulph. Texas & Pacific. Tex & P C & Ofl. Third Avenue... Timken Bearing Tobacco Prod... ‘Tobacco Prod A. ‘Tobacco Pro pf. Trans Cont Ofl.. Union Bag & P.. Union Pacific. Unlon Pac pf. Un Tank Crpf.. Un Cigar Stre Utd Ry Inv pf. Utd Retall Strs. U S Cast I Pipe. U SCastIrPpf. U S Food Prod. . U S Indus Alco. . U S Rubber. U S Rub 1st pf.. U S Steel. . U S Steel pf. Utah Copper. Utah Securities. Vanadium Corp. Va-Car Chem Va-C Chem pf. Vivadou. Wabash. ... Wabash pf (A). Wabash pf (B).. ‘Waldorf System. West Penn Co. West Penn pf. Western Md. Western Md 2d West Pacific. ... Western Union. West Alr Brk | Westhse El&M Wheel & LE pt. White Eag Oll.. White Oil. . | Wickwire Wilson Co Willys-Overld. . Willys-Overl pf | Wisconsin Cent. Woolworth. ... 288 Wright Aero... 124 Youngstn Tube. 66 *0dd lot. Low. Call Money.... 4% 4 " HOURLY SALES OF STOCKS. 815 100 12m 63 38 9214 39% 924 405 125% 44 125 1% 4% 1% 12 11% 911 92 88 38 . 28y 30 102% 101% 77 77 86 26 18 14 18 145 17% 17% 10% 10% 105% 22% 445 b3% 17 133% 8 42y 828 11% 378 11% 94 58% 56% 1% 10% 27 41% 2% 938, 41% 694 70% 42% 208 46% 31 674 324 245 6% 12% 86 4% 13% B 27 18% 82 16 50% 50% 87 36% 667 14 b3 32% 17 87 80%: 102% 12% 2% 9% 38 56% 86% 114 2 59% 181 2% 108 170 31 4 39% 83 45 58t 34 8215 93% 118% 62 16 29% 8% 26 14% 10% 33% 224% 16 49 894 10 63 16 30% 8% 28 14% 10% 33% 22% 16 49 89% 10% 18 18% 18% 18% 110% 108% 110% 80% 80% B80% 58% 68 bG8% 13 18 13 21% 21% 21% I 4% an 4% 20% 20% 20% % % Th 2% TI% 2% 281 28% 282 282 12% 12% [ 5 Last. 772 800 NEW YORK DAIRY PRICES. NEW YORK, November 15.—Butter —Firm; receipts, 12,426 packages: creamery, higher than extras, ‘533 a54; creamery extras (92 score), 53; do., firsts (88 to 91 score), 46a52% Eggs—Steady; receipts, 10,374 case: Cheese—Firm: recelpts, 57,125 boxes: state wholemlilk flats, fresh, average run, 241a25; state whole milk flats held, average run, 256%a26l%; state whole milk twins; fresh, average run, a4, el INEW BOND ISSUES |[=x=~ vorx BONDS ok secmav] Recetved by Private Wire Direct te The Star Office, 1 | PROVING POPULAR Much Switching to Various Recent Offerings Reported. High-Grade Bonds Sold. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, November 15.—Un- usual activity, but with small price changes, prevalled in the bond mar- ket today, especially in the trading “over the counter.” There seemed to be much switching from old to the new securities, those recently offered. Also there were & number of large blocky of higher- grade scasoned bonds offered. Trad- ers were at a loss to forecast the trend of the market under these con- ditions. Testimony to the ease in the money market was found in a rwnewal of the gossip about the prob- ability of & cut in the federal reserve rediscount rate. Buying for foreign account was also relied upon to sustain the quota- tions for the best bonds. But there was continued competition from new offerings and the feeling that invest- ment bankers could easily again over- load the market before all the new offerings had been actually digested. Forelgn Group Holds Well. Forelgn bonds seemed indifferent again today to the extreme weakness in the exchanges. Only fractional changes were noted in the French group, while the mid-European bonds were reasonably steady. There was heavy trading In United Kingdom 5i:s of 1937 around the low of the year. This is a straight investment issue, non-callable, without conver- sion privileges and payable In dol- lars, Considerable irregularity appeared in high-grade bonds. General Electric issues were active, both the 3%s and the s, principally in the outside mar- ket. New York Central mortgage 348 was another actlve issue and fractionally higher. Atchison adjust- ment 48 were In demand United States government loans were firm. Rallroad Bonds Active. Missouri Pacific obligations were the leaders among the speculative rails, both the general 4s and the first and refunding 6s of 1949 being in demand at higher prices. The action of the market today would indicate & belief that substan- tial Improvement had come into the affairs of the company. New Haven and Erie obligations just about held thelr Wednesday gains. St. Louls- San Francisco adjustment 6s and in- come #s, however, both displayed strength. Among the industrials Virginia- Carolina Chemical and 7ies with warrants were strong. United States Rubber 5s and 7los were steady. American Writing Paper 6s were weak. Third Avenue adjustments continued their recovery. The principal new offering was $1,000,000 in 6 per cent first lien bonds of the Nevada-California Electric Corporation priced at 94 to yleld 6.45 per cent. LOSSES W STOEKS ARE UNAVDIDABLE | 1 l 3 |No Trader’s Judgment Can Be 100 Per Cent Correct, Declares Financial Editor. NEW YORK, November 15.—*A great | many people hold the impression that | when a man understands the stock market he has the world by the tail and he can make about a million dol- lars a minute, but in actual practice it does not work out that way,” says Richard D. Wyckoff. editor of the Magazine of Wall Street. “To be al successful trader in stotks you must make a series of transactions in equal amounts of different sstocks, and at the end of a few months, or a year, or a few years, you figure up your | transactions and find that vou have | made a number of profitable trades and a number of unprofitable trades. You also have sundry expenses, just like any other business. These in stock trading are composed of com- missions that you pay to your broker, taxes that you pay to the federal and state governments, and interest on the amount of your debit balance ! with the broker. The final result, | namely, the balance of the debit or credit”side of your trading account, shows whether you have been suc- cessful during that period or not. Traders' Methods Studied. “I have personally known and studied the methods of a great many leading operators, big floor traders, large outside operators and members, of the public, both large and small— many thousands of the latter—and I have never yet found a man who could trade actively in blocks, or in- actively efther, for that matter, whose | judgment was so accurate that he never had a losing trade. Hence, anybody who expects to deal in the stock market without taking occa- slonal losses might as well not begin. It would be just as reasonable for ! the general of an army to say that he could go Into battle and not have some of his men killed or wounded. It is the final result of the contest that counts. “Trading in stocks is more than a business; it Is an art, a science, a profession — whichever you choose. Those who seriously engage in itl should make it a business. because it is one that demands the utmost study and concentration if a person is to make a success of it." BIG OIL DEAL CLOSED. Mexican Seaboard Gets Big Con-| tract From Standard Ofl. NEW YORK, November 15.—Presi- dent Harris Hammond of the Mexican Seaboard Oll Company announces the | closing of a comtract ot supply the Transcontinental Petroleum Company, Mexican subsidiary of the Standard 0il Company of New Jersey, with 32,880,000 barrels of Panuco crude oil at the rate of 30,000 barrels a day for three years. The price to be pald, Mr. Hammond sald, would be that posted for bunker ol for New York harbor as of the date of delivery. At present prices it was stated the Mexican Seaboard Would receive approximately $12,000 a 98¢ Standard OfI Company will con- struct additional pipe lines and other 1lities to handle the oll at a cost 508 800 | P30 broximately $1.500,000. LIVERPOOL COTTON. LIVERPOOL, November 15.—Cotton, apot, moderate business; prices firm. Good middling, 20.2 fully middling, 20.05; middling, 19.65; low, middling, 1870 good ordinary, 17.73; ordinary, 1720, ®Sales, 8,000 bales,’ including 4,500 American. Recelpts, 4,000 bales, fncluding 1,000 American. Futures closed steady. November, 19. December, 19.69 January, 19.§ 19.11; July, October, 15.73. A (Bales are o $1,000.) H UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 95-3 means 98 3-32.) Sales. High. Low. Closs. 99-28 99-27 9927 984 98-4 98-8 985 985 98-8 99-4 98-4 98-6 -16 99-18 600 USéx%s1952. 334 FOREIGN. Baies. High. 3 102% 30 884 26 98% 96% 101% 108% 86% kid 79% 95% 97 99% 101% 100 994 104% 103% 104% 95% Low. Close. 102 102 87% 8T% 98% 98% 96 964 101 101 10+% 108% BS% 86% 6% 76% 9% 9% 95 95% 95% 95% 99% 99% 101 1014 100 100 99% 99% 104% 104% 103% 103% 104% 104% 95% 95% 88% #8Y s1 81 92% 92% 108% 108% Al 94% 89% 89% 95% 95% 94% 94% ¥8 88 97U 9T% 93% 93% g0 €0 93 984 93% 93% 9% 80 76% 76% 7% % 6% T6% 43 43 27 87 934 110% 93 3% #9% 0% 6% 106 101% 89% 8% 94% 95 9814 66 65 Argentine 7 Austria 7. Belgium 74%s. Belgium 6s. Belgium 8. Bern 8 Bolivi Bordeaux 6s. Brasil Brazil 7%s. . Canada 6a 1 Canada 5%s 19 Canada 5s 1931 Chile 8s 1941, Chile 78 1943, Cszechoslovakia Denmark Denmark i e Dutch E16%s.... 198 Dutch East 1 65'47. 59 Dutch East I 6x'62. 19 Framerl 1 . 48 French Govt 7%, Halt! 6 Ttaly 6%s 1926 Japanese st 414a. Japanese 4s. Jergen U M 6s Lyons Marsefll, Mexico bt Mexico 4s.4. Montevideo 7 Netherlands 6; Norway 63 1943. Norway 6s 1952. - Boxanatmmanan o= Queeneland 7: Queensland 6 Rio de Rio de Jan 85 1947. Rio Gr Do Sul 8s... Sao Paulo,City,8s. . Sao Paulo,State.8s. Setne, Dept of, Serbs Crotes Slo Toklo bs. . . Ud Kingm 6%8°29. Ud Kingm Bs '37.280 100% Ud Steam Copen 6s 2 87 MISCELLANEOUS. Ajax Rubber 58 1 89 Am agrChem 7%s 20 97 79 92% 102% 1007 116 964% 2% 98% 4 98% 964 88% 95% 978 97 89% 944 8% 9Ty 9314 96% 914y 97 94 1254 66% .65 107% 107% 100% 86 »7 89 964 Am Cotton Ol b3 Am SmIt&R 1st 5s. Am Smit&R 6s Am Sugar Ref 6: AmT& Tcv6s AmT & Tci tr 4 Am T & T deb 53%s. Am Writ Paper 6 Anaconda cv db 7s. Anaconda 1st 6 Armour of Del 5%z Asso Ol 63 rets tlantic Refin Gs. Bell Tel Pa bs Beth Steel 5% Beth Steel rf 6s Beth Steel pm 51 Beth Steels £ 6s... Brior H St 1st 5%s. Bklyn Ed gen &8 Bush T Bldg 58 '60. Calif Pete 635 w | Central Leather 5 Cerro de Pasco 8s. Chile Copper 8a. Commonwth P 6s.. Con Coal Md st 53. Cuban-Am Sug 8 Cuba Cane cv d Cuba Cane cv 7s ‘30 Dery (DG) 7s..... Det Edison ref 6s.. Du Pont de N 73 Duquesne Light Tst Cuba Sug 7 Empire G&F 7% Fisk Rubber §s. Gen Elec deb 5s. .. Gen Refractres 6s. Goodrich 6%s Goodyear 85 1931 Gocdyear 551941, . Hershey 68 1942, Humble O&R 5% [linois Bell 1st 5 Indians Steel 68 Int Mer siarine Int Paper 1st 63 B. KCP&LtosA Kayser (J) 7s. Kelly-Spring 8s.. Liggett & Myrs 7 Lorillard (P) 7s. Manati Sug sf 7%s Marland Ofl T%s. . Marland Ofl 83 '31. Mich St Tel 1st 5s.. Midvale Steel 5s...111 Montana Power 5s. 3 Morris&Co 1st 4%s 1 New Eng Tel 68... 11 NYG EL H&P - Lwavhaniie Nor States Pow 5s.. Nor States Pow 6s. Northwst BTe. is. Pacific Gas & El 5s 20 PacificT & T 58'52 7 Phila Coref 6s A. Phila Co 5%s'38... Plerce-Arrow 8s Producers & Rf 8s. Public Service 5 Punta Alegre 7 Sinclair Oil is. Sthclalr O11 6% Sin Crude Oil 6s. 5:in Crude Oll 5%s. Sin Pipe Line &s... South Bell Tel 55 Steel & Tube 7s Sug Est Orlent 7 Tenn Elec Pow 6 Tide Wat Oll 6%s. Tobacco Prod st 7s Toledo Edn 18t 7s.. @b 107 1% 854 954 96% E0g 94% 1021 95% 92% 102% 107% 1067% 96 110% 848 104 102% 88 83 6434 103 109 107% 86 95 94y 8415 93% o FonoaGrawimwiiomgate s oicne- e Unit Drug cv 8s. U s Rub 18t rf b U S Rubber 7% USSteel sf6s. . Utah Pow & Lt & Va-Car Chem 7 Va-Car Ch %8s ‘Warner Sugar West Unlon 8% Westinghouse 7s.. Wickwire Spen 7s. Wilson & Co 1st 63 Wilson&C cv 7%s. ‘Wilson & Co cv 6 Youngstn S& T 6s. 1078 § 86% | 95 94k 85 TREASURY CERTIFICATES, (Quotations furnished by Redmond & Co.) Rate—Maturity. Bid. Offer. 4s December 13. 1023... 9031.82 100132 | 4%s Mareh 13. 1924 100 182 1003, 4is Marcr: 5. 103 3423 June 15, 2024 1011 B4 Beptember 13, 1024 101 118 4%s March 15, 1925 100 4%4s June 15, 1825, 4#gs December i3, 43s March 15, 1 1001316 1008 91 IchiRT& i 93% | G RAILROA Atchison gen 4 Atchison adj 4 B&Oprin 3% B&Ogold ¢s. B&Ocviks, B&Orefbs. 21 B&O PLE&WV 4s. 9 B&OSW div3ays. 11 B& O Toledo ds... Bklyn-Msnhat 6s. Bklyn R T 4s 2 BklynRT7s'21... 1 BkIRT78'21ctst 2 Buff R&PItt 4%s.. 10 Canadian North 7s, 7 Canad North 6%s. 11 Canad Pac deb 4s.. 33 CarClinch &0 6s.. & Cent of Ga 6s. 8 Central Pacific 45. 19 Chea & Ohfo cv bs. 28 Ches&Ocv4ks.. 3 Ches & O gn 4% 5 Chi & Alton 3%s.. 10 Chi B&Q gn 48 1 Chi B&Q st rf 6s.. 13 Chi & E Tl gn 8 Chi Great West 4s. 38 Chi GrWest 4s (n). 3 CM & Puget Sd 4s. 2 ChiM&StPre4%s 4 Chi M&St P cv bn.. 44 Chi M&St P 4825, 7 Chi M&S P cv 4148, 26 Chi M&St P 4s '34. . CM&StPgn 4% Chi& N'W 6%s.. Chi Rys & 1 63 & ChRI& Pacreds © ChiUn Sta4%s... 2 Chi& W Ind cn #s. 10 CCC&SBtLrf 68 A Cleve Term bs. .. Cleve Term Gi4s Colo & Sou 43 Cuba RR5s..... Del & Hd 1strf 4s. 15 Del & Hudson 63%s Den & Rio G cn 48 Det United 4%s. Erle 18t con 4s. Erle gen 4s Erle conv 4s A Erle conv 4s B Erie conv 4s D. Gr Trunk sf db 6s. Grand Trunk 7s Gr North gen 7s...110 Gr North gen b%n. 40 Hud & Man ref 6s. 92 Hud & Man aj 6s... 20 111 Cent ref b 111 Central 6% Int Rap Tran 6s... Int Rap Tr6s stpd. Int Rap Tran 6 Int Rap Tran 7s. Int & G Nor aJ Int & G Nor 1sf Towa Cent rf 4 Kan City Ft84s... Kansas City 8 3s.. Kansas City 8 6s. . Kan City Term 4s Lake Shore 482 Lake Shore 4s '3 Long Island rf 4 Louts & N unl 4. Louts & Nash 5%s. Louls & Nash 7s Louls & N 55 2003 Manbat Ry cn 4s. . Market St cn 5 M&StLrfex { M StP & SSM 6% M StP & SSM cn 4s. K&Tistds MK&TprinbSsA. K&T4sB MK&T6sC. MK& T ad} 5 Mo Pacific 6s Montrl Tm 1st 53. . N O Tex & M In 5s. [N Y Cent gen 3%4s. N Y Cent deb 6 N Y Centdeb N Y Centr 5 N Y Centcn 4s'98 N Y CenLScl 3%s, New Haven c d 6 New Haven d 4s 57. New Haven 7 41 New Haven 7s fr.. 318 New York Ry rf 4s. 2 N Y Ry re4sctfs.. N Y State Ry 4%s. NY W & Bos 438, Norfolk & W cn Northern Pac 38 Northern Pac 4s Northn Pacr 1 Ore & Calif 1st O Short L cn 5 ‘46, Ore Short Liref 4s. 15 Ore-Wash lst L 48 12 Pennsyl gen ba. Pennsyl gen 4% Pennsyl 6% Pennsyl gold 7i Pennsyl con 4% Pere Marq 1st 68 24 3 50 4 12 5 13 Reading gen 4u. St L IM&S R&G 4s. StL&SFplsA StL&SFprinbs. 22 BtL&SFincés. StL&SF5%sD.. StL&S Fadj6s StL&SFplésC.. 1 StLS W con 4s San A & Arn Pds.. Seab'd AL | Seab'd ALrefds... 3 Seab'd A Ladj « 120 Seab'd A L con 6s.. 28 Sou Pacific 43 1929, 27 Sou Pacific ref 4s.. 13 Sou Pacific clt 26 Southern Ry s Southern Ry gn Southern Ry 8% Third Ave ref ¢s. Third Ave ad} bs Union Pac 1st 4s. Union Pac cv 4 Union Pac cv 6 0 3 4 Virginia Ry 1st 5s. ‘Wabash 1st 5s.. Wabash 2d b Western Pacific s Whel &LE rf 43s. DS. High. 89% 0y 82% 96% 81% 101% 8374 84% 1% 96 671% 66% 60% 90 844 87% 13% % 8% 96% 100% 87% 89% §7% 845 31 86% 294 % 4% 444 52% 51 56% Tk 56% 1% 7814 TOTAL SALES (Par Value): 3399000 12 2 11 am.. 1p.m.. 7611000 noou. 5242000 p.m.. 8780000 SHORT-TERM SECURITIES. (Quotations furnished by Aluminum Co. of Amer. ‘Aluminum Co: of Amer. Redmond & Co.) —Noon.— Bid. Offer. American Cotton Cil b3 1924 American Sugar Gs 1987 American Tel. & Tel. 6 American Tel. & Tel. 6 1 Anaconda Copper s 1929 Anglo-American Oil 7 Haltimore & Ohlo bs_{h24 Cavadian Northern 5igs I Central Argentine Rwy. 63 Central Leather 0u 192 24 s 12 1 R. 1. & Pacific 5igs 1 . 58 1923 s 1931 Hockit Humble Oil 5%s 1932 Keanecgtt, Copier e, 1080, Livty, MeXell & Libby T Michigan Sta o A O Peana. It R. T 8t: Paul Union Dej Swift & Co, Be I Tidewater Oll 6y 1031 Union Tank Car'7s 1830, U. S. Rubber 7i3n 1630, tern Union Glas 1936 Weatinghouse E. & M. 78 1001318 100 15-1 100 176" 100 316 START BONUS PLAN. NEW YORK. November 15.—Dis- tribution of Christmas bonuses to stockholders was begun yesterday by several large corporations, which voted extra dividends payable around the holidays. - Scores of other com- panies are understood .to be contem- plating similar action; Tel. o8 1924 1051 1 001} 1081 1073 DOLLAR AT NEW HIGH. PARIS, November 16.—The dollar made the new high record of 18.568 on the bourse yesterday. The previous record was 18.25%, established on' Au- gust 14 la: BUTTER IS LOWER. CHICAGO, November lower; creamery extras 513 15.—Butter nd- ards, 49; extras, firsts, 49a5012; firsts, 16; ds, 42a42%. ke, unchanged: Eeve receipts, 2,165 2 e to 1§ higher, FINANCIAL, Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. “The turkey market is all shot to pleces,” was the remark of & whole-| sale dealer this morning. Too many turkeys have been shipped here too early in the season, dealers reported, and this morning's price on llve turkeys was 35 cents, the price of dressed stock being 40 cents. Because of the overstocking of the market, lJocal merchants were un- loading on other markets where prices re higher. Texas prices were quoted at from 20 to 23 cents on live turkeys, which suggests probable 40 to 45 cent market here for Thanksgiving. Should such prices prevail, it is stated, the retail market should not g0 higher than 50 to 55 cents. Increased receipts of chickens and correspondingly lower prices was a statement made by a dealer this morning. Many rabbits are being received from nearby states, the price ranging from 40 to 50 cents. Eggs—Strictly fresh, selected, can- dled, per dozen, §8; average receipts, 55; storage, 35a36. H Live poultry—Roosters, per 1b. 16;| turkeys, per Ib.,, 35; spring chicken: per 1b., 24a25; keats, young, cach, boaf fowls, per 1b., 22a23. Dressed poultry — Fresh -Iilled spring chickens, per Ib., 32aJ3; roast- ers, per b, 30a32; hens, per Ib., 28a0: | turkeys, per Ib., 40ad45; keats, young, each, 80a85; roosters, per lb., 20. Rabbits, No, 1, per dozen. .2024.50; No. 2, 2.00a Live stock—Calves, choice, per Ib. 12; medium, per 1b., 11; thin, per Ib.. 8a10. Lambs, spring, per ib., 13. Live ?28!. 3.0025.00 each; live hogs, per Ib. T, Green fruits—Apples, per basket. 50a 2.50; per barrel, 2.50a5.50. California oranges, per crate, 6.00a7.00; Florida, 2.50a4.50. mons, per box, 3.00a4.00. | Grapefruit, 2.00a4.00. Grapes, Concord, twenty-poind basket, 76a1.00; two- guart busket, 22%3a26; honeydew melons, 75a1.50, Vegetables—Potatoes, per bbl., No 1, 2.50a2.75; No, 1 Potatoes, ; nearby, 50a1.00 berk, bhage, northe {a2.00 per 100 Ibs.; nearby, 1.0041.50 bbl. 8, half-bushel basket, nearby. Beans, southern, 0. Peas, per basket, York celery, per crate, 50; in rough, 2.50a4.00. Squash. | Peppers, per crate, Florida, Kaie, per bbl., 75a1.50. Spin- 2.00a2.50, Home-grown lima beans, . 40a60. Lima beans, per basket, 2.50a3.35. Southern cucum- bers, per bushel, 4.505.00. Carrots, 100 1b. sack, 2.25a2.50. GRAIN AND PROVISIONS. BALTIMORE. vember 15 (Special). — Po white, 100 pounds, 75a1.75; 150 pounds, 1.00a2.75; sweets and yams, barrel. 1.50a3.50. Beans, bushel, 1.50a2.50; lima beans, bushel. 1.50a2.25. Beets, 100, 2.00a4.0 Brocoll, bushel, 30435. Brussels sprouts, quart, 15a25. Cabbage, 100, 1.0046.00; sav bushel, 35a40. Car- . 100, 3.00a5.00. Caulifiower, crate, {17583 Celery, crate, 2.00a3.00. Cu- cumbers, crate, 3.00a4.00. Eggplants. crate, 4.50a5.00. Kale, bushel, 30a35.| Lettuce, bushel, 50a1.25. Onions, 100, 2.00a Oyster plants, 100, 5.00a6.0 Peppers, basket, 30a30. Pumpkins, 100, 5.00a15.00. Spinach. bushel, 45 70. Parsnips, basket, 40a50. Tomatoes, basket, 50al.25. Turnips, bushel, 30a 40. Apples, bushel,, 1.00a2 1.00a5.00. ach, per bbl, packed, barrel. 2.00a4.50: 30a1.40; loose, 100 pounds box apples. 1.25a2.75. Cran- berries, barrel, 7.00a11.00. Grapes, basket, 15: Grapefruft, box, 2. 325, Oranges, box. 2.25u4.00; bushe: 1.00a3. basket, 15a35. Pineapples, box, 4.00a5.00. ettling Prices on Grain. Wheat—No. 2 red winter, spot, 1.06%; No. 3 red winter, spot. 1.03%: No. 2 red winter. garlicky. spot. do- mestic, 1.06%; export, 1.06; No. 3 red winter, garlicky. spot, 1.03% 3 4 red winter, garlicky, spot, 1.00%. Sales—Bag lot of nearby at 87, 1.05 and 1.00 per bushel. Corn—Cob., new, 4.30a4.30 barrel: No. 2 corn, £pot, no quotations; track corn, yellow, No. 2. old or better, 1.25. Sales—Bag lot of yellow, mixed, at wharf at 1.00, Oats—No. 2 white, white, new, 51 Rye—Nearby, 75a85; No. 2 rye, spot, 175, Hay—Receipts, 104 tons. In com- parison with the demand, the quan-| tity of hay offerings is more thani ample for trade needs and the edge is off prices. Damaged and low-grade hay is very irregular in value. Out- side prices afe extreme at the fol- lowing quotations: No. 1 timothy 27.50a28.00 per ton; No. 26.50a2 ar-‘| No. 3, 23.50a25.00; light clover | mixed. 25.50a26.00; No. 2, 24.00a25.00; | No. 1, clover mixed, 24.50a25.00; No. 1 clover, 24.00a25.00. Straw—No. 1 straight rye, 25.00 per | ton; No. 1 tangled ryve, 15.00a16.00; No. 1 wheat, 13.00a14.00: No. 1 oat, 14.00815.00. DAIRY PRODUCTS. BALTIMORE, Md.. November (Special). — Live ~poultry — Turkey pound, 35a42; spring chickens, 22a2: Jeghorns. 17a21; old hens, 18a24; leg herns, 17al8; old roosters, 14als; ducks, 17a23; geese, 22a30: pigeons, | pair. 20a25. Kuineafowl, each, 3570 &gs (loss off)—Native and nearby firsts, dozen, 54; southern, 50a52, | Butter—Creamery. good to fancy, pound, 49a54; prints, 54a56; nearby | creamery, 40a44: ladies, 34a35; roll 28232; dairy prints, 28a32: process| butter, 38a39: store packed, 28. CHICAGO LIVE STOCK MARKET. CHICAGO, November 15 (United | States Department of Agriculture).— Hogs—Receipts, 58.000 head; 10 to_25 lower; bulk, good and choice 200 to 340 | pound butchers, 6,70a7.00; top, 7.05;| | better grades, 170 to 190 pound aver- | g packing sows, 6.25a | .50; desirable welghty slaughter pigs, | 5a5.50. Cattle—Receipts, 14,000 head; slow; top yearlings. 12.00 best heavies, | 11.40; bulk, fed steers and yearlings, 8.50a10.50; bulls, steady to strone: bulk bolognas, 3.50a4.00; vealers, 8.50a 9.00. Sheep—Receipts, 12,000 head; slow, fat lambs, largely 10 to 15 lower: | sheep, scarce; fed westerns and na- | tives, 13.00a13.25; cholce fed clipped | lambs, 12.35; cull natives, 10.00a10.50; handy-weight ewes, 6.50a6.75. TODAY'S CHICAGO PRICES. CHICAGO., November 15.—Eastern buying, together with the fact that offerings were light, gave an upward trend to the wheat market today in the early dealings. Bulls put some stress on reports that Minneapolis prices were too low to permit of Canadian imports at Minneapolis. On | the other hand, word from Washing- ton that wheat tariff hearings were likely to take several months tended to nullify efforts to lift prices. The opening, which ranged from % de- cline to%a% advance. December, 1.03% to 1.03%. and May, 1.08% to 1.09%, was foliowed by moderate general upturns. Corn was weak; largely as a result of assertions that hog feeding was| being conducted at a loss. After opening, unchanged to % lower, December 75% to 755, the corn market underwent a decided general | setback. - Oats, governed by wheat rather than by corn, started at & shade low- May, 443 to 441, and held near to the initial figures. Provisions were easier In line with hog values. WHEAT-— new, 52; No. 3 Open. 1.03%5 1087, 1.08% High 1048 945 | this {vate ginning returns, NEW GOVERNMENT FINANCING SOON Secretary Mellon Arranging for Certificate Issue. Local Stocks Strong. The government will, in all probahii- ity, do some new financing within a few weeks, probably on December 1, it was learned this morning. From those clos. to Treasury affairs, it Secretary Mellon has decided T new federal securities before the D cember 15 tax payment period, at which time large blocks of certificates of j debtedness mature. While the nature of the new loan has not as yet heem determined, it Is be leved it will take the form ce tificates of indebtedness of one year maturity, or short-term notes. It is not known just when Mr. Mellon will ¢ issue of long-term 2 of the short-dated bonds 10 indebted- The rate of intare will carry will be money situation the Hroads for the first s of this year amounted to 2 99,000 net ton miles, cor a new high record in t} freight carried. This w of 2.79 per cent over th ing perfod fn 1920, when the pr record was madeewhic 324,457,000.000, R« month perted was filed s the carriers with the bure way economics Comparcd with the first 1 In 1918, when freight greatly stimulated b total from January 1 vear, was an | cent.” It also represented an of 31 per cent over the corr. period of last traffic was affec trafiic of r Elected Class Prexiden Lois A. White of the Fede: ican National Bank was I elected president of the first standard class of the local chapter. American Institute of Banking was installed ia her official cap: immediately following the electi Other office elected president. Everett Bean William G, Win neth O. Holse; assis W. Koerber, and liais Durant. Local Stock Trading. Well diversified trading at strong figures ruled on the Washing Stock Exchange this morning. Th volume was comparatively small. Capital Traction stock eased off slightly to 98 with forty-three shares changing hands and thirty-five shares of Rallway preferred sold at e The common issue of the latter com- pany was quict at 69. Gas sold at 4%, Commercial National Bank at 141 and Merchants” Bank and Trust Compan: Capital Traction 5s brought 94 and Potomac Electric first is sold at 971 A sale of $500 Washington Gas 5s at $3 completed trading. COTTON FUTURES ARE IRREGULAR Considerable Strength Shown in Today's Trading on Big Exchange. She on officer, Oliver By the Associated Press NEW YORK, November 15.—The cotton market showed renewed strength at the opening today, owing to the continued advance in Liver- Ppool, reiterated rumors of small pri- covering and commission house and trade buying First prices were firm at an ad- vance of 20 to 26 points, with Jan- uary selling up to 33.64 and Mare to 32.87, but these prices met a good Geal of 'realizing and some scattered southern selling. There were re- newed reports that considerable cot- ton might be expected to come here for delivery next week, and fluctua- tions were rather irregular during tho “early trading, although prices held fairly steady within 10 or 15 points of the best, Good Buying Develops. NEW ORLEANS., November 15.—A general buying movement carried the price of cotton 30 to 42 points higher in the first half hour of trading to- day, December reaching up to_ 13.45. Better cables than due, the widening discounts of low grades and a morc favorable opinion of the dry goods business of this country and Eng- land were back of the advance. One Manchester cable claimed that ship- pers of cloth in that market were shorts. Galveston messages claimed that 85.000 bales of cotton would be exported from that market in the next two days. Noon Blds on Cotton. NEW YORK, November 15.—Cotton futnves, 11:45 a.m. bids steady. De- cember, 34.03; January, 33.65; March. wE 17 auiy, 39.50. NEW_ CRLEANS, November 15 Cotton futures, noon bids steady. De- cember, 33.36; January, 33.52 asked; March, 33.69 asked; May 33.58; July 33.07. COLUMBIA GRAPHOPHONE PUT OFF EXCHANGE :W YORK, November 15.—The board of governors of the New York Stock Exchange announced late yes- terday the suspension of trading in the stock of the Columbla Grapho- phone Manufacturing Company, for failure to maintain a New York stock transfer office. Receivership proceedings are pend- ing agalnst the company in a friend- Iy actlon instituted In federal court recently, and a committee of the com- pany has announced a plan of reor- ganization which is expected to be promulgated at an early date. $15,000,000 POWER PLANT Huge Generating Business to Be Started Near Cincinnati. CINCINNATI, Ohio, November 15.- An enormous electrical generating plant to cost between $12,000,000 and 315,000,000 is to be erected in Cincin- nati or at a point up the Ohfo river by the Union Gas and Electric Com. pany, according to a statement by V W. Freeman, president of the company, published here today. The plant, it is understood, will be . the main source of electrical power with which the company is to supply Cincinnatl and adjacent cities and in- dustries which derive their light and power from the plants of the Columbus Gas Company, the Union Gas and Elec- tric Company and allied corporations.. WOOL AUCTIONS END. LONDON, November 15.—There was a large attendance and brisk selling at unchanged prices at the closing Jean La Marr, formerly secretary to'the attorney general of Louisiana, has turned to the stage for a career. In Egypt women are regarded as strictly inferior in households where the old custoras are still in vogue. gession of the wool auc‘ion yester- day. For the 9,654 bales offered prices were firm, as compared with the clos- Ing level for the September series of sales. During the sales the home trade bought 105,000 bales, the cont nent 64,000 and America 1,000. Nine- teen thousand bales were held over. i2 )