Evening Star Newspaper, November 17, 1923, Page 14

BEARS RAIDLIST; | PRICES GO LOWER! \ Foreign News and Break in] Sterling 'Help Traders Force Down Values. Ajax Rubber Alaska Gold. . Alaska Juneau.. Allied Chem. Allis Chalmers. . Am Ag Chm pf.. Am Bosch...... Am Br Shoe pf. Am Can.. {Am Car & ¥ pf Am Chain (A).. Am Cotton Oil.. Am Cot O} pf.. Am Express. Am H & Lea pf. Amce... Am Internat’l.. Am La France. Am Locomot! Am Safe Razor. Am Ship & Com. Am Smelting. Am Steel Fdy. By the Associated Pre: > NEW YORK, November. Specu- lators for the decline, taking advan- tuge of the unfavorable foreign news and another sharp .break in sterling, forced adecline-of 1 to & points. in Pprices in today's brief session of the! stock market. Offerings were not un- usually large, but.a number of bids had either been lowered or Withdrawn overnight, and buyers showed little disposition to pick up stocks, except at material concessions in price on the part of sellers - . Such recently strong shares as Bald- win, Maxwell Motors A wnd Davison Chemical led the downward move- ment, with ‘Tecesstons of nearly 3 points cach. Losses of 2 points or more also were recorded by Marine preferred, Mack Truck, General Elec- tric, Lima Locomotive, Stewart War- ner, Northern Pacific and Schulte, and several of the low-priced olls moved up at_the close. The closing was heavy. Sales approximated 400.000 shares. WHOLE LIST DECLINES. Am Woolen. ... Am Zinc & Lead. Am Zinc&Ld pf. Anaconda... Armour of Del pf. Arnold Constab. Associated Oll. Atchieon. Atchison pf. Atlan Cst Lin. Atlantic Gul. Balawin Loce. . Balto & Ohlo... Balto & Ohio pt. Bayuk Bros. Beechnut Pack. jeth Steel. ... Br Em Stl 2d pf Bklyn Edlson. Brklyn-Man Tr. Brkin-Man T of. Efforts to Bid Up Special Groups Are Abamdoned. By STUART P. WEST. 1 Dispateh to The Star. November European crisls got into the situation more acutely this morning than ever before. Liforts to resist the general selllng movement by bid- ding up special stocks twere aban- ! doned. The decline spread into alll groups and, with ome or two ex-| ceptions, all suffered about alike. 1 Oll shares for the most part held firm, with Cosden und, California Pe- troleum practically unchanged. and AMarland definitely strong around :2. The short intercst being larger in the oils than elsewhere. it looked as though advantage was being taken of the downward swing in other lines. to cover in this group. Steel Common Drop: .Steel common came down over & point, and Bethlehem Steel was off two points from Friday's high. Other steel shares were similarly affected, but their decline was not out of pro- portion to that in other parts of the st. Anaconda was quite as weak, spite all the encouragement afford- ed by the recent developments in the copper trade. It appeared us if the Locomotive stocks, especially Bald- win and American Locomotive, were getting Dbetter support than mu other things, but they were not he up to the extent they were yesterday. There was some response in the market to the statement by the presi- dent of JMjddle States Ol that the company had conserved its assets and added a great deal to thelr valui. The atreet, however, had in mind similar optimistic statements of other companies, which were not borne out by the action of the stocks concern- ed, and although short covering oc- curred in Middle States today, the views of the president did not cause certain traders to change their opinion. Mack Tracks Sell Off. Mack Trucks sold down with other active industrials despite most rec information regarding the compan: operations. It is reported that Mack’ o business in the current month is ex- | Eastman Kodal cecding that of October. Earnings |BatonAxle &Sp. for the last quarter are expected to | Elec Stor Bat. be better than most people antici- |Erie.... pated. In the first nine mionths | Erie1stpf. Maelk earned $17.72 per share on the lmrie2d pf. common” and the net for the fu: year probably will approximate Famous Players a share. s Famous Play pf. The week end mercantile reviews|Fd Mines&S pf. contributed nothing new on the trade Fifth Ave Bus. situation. Irregularities continue as | pisher Body.. between different lines, as they have | piay Rubber. for several months. But, as Brad- | zndity onT street's says, the general volume of Foundation C trade exceeds that of a year ago. Freeport Texas. IN FURTHER BREAK Gen Clgar. Gen Electric. Gen Elec spl Sterling Drops 2 1-2 Cents and Other Rates Go Lower at Same Time. 1 Brown Shoe. . .. Burns Bros (A). Butte & Super. . Calif Pack. Calif Petrol Callahan Zinc. Calumet & Ariz. Canadian Pac. Cent Leath nf. Cerro de Pasco. Chandler Mot. Chesap & Ohlo. Ches & Ohlopt. Chi & Alton. . Chi & Alton pf. Chi & E 1l pf Chi Great W pf. Chi Ml &StP.. Chi Mil &St P pf Chi & Northwn ChiR1& Pac. Chile Coppe Chino Copper-: CCC&StL. Coca-Cola. Coco-Cola pf Colo Fuel. . Columbia Gas. Columbn Carbon Comp Tabulat. Congoleum Co. Cons Clgar. Cons Gas of D Cons Textlle. Cont Can. . Corn Product Cosden & Co. Crucible Steel. Crucible Stl pt Cuban-Am Sug. Cuba Cane Sug- Cuba Cane'S pf.. Cuban Dom’can. Davison Chem. . Dome Mine: Dupont (E ) Gen Motors. Gimbel Bros. Glidden. .. Goldwin Corp. Goodrich. . | Goodyear pt. - i Granby Consol Gray & Davis. ‘Gt Northern pf. Great Nor O Gult Mo & Nor Guit St Steel. Harbishaw Cab. Hartman (new) Hendee M{g. Jouseh'd Prod By the Associated Press. Houston Oil. NEW YORK, November 17.—Heavy | Hupp Motors speculative selling of foreign cur-|ininots Central. rency and the transfer of capital from Indlog bg" London to New York, largely|Indishoma...... 3 -Rand. through fear of further political and ;:‘;::‘;;&3‘:, economic disturbances abroad, as- 1> itivion.. sumed greater proportions today, with | nterb Rap Tr- the result that demand sterling drop-{In Ag Chem p”.. ped 215 cents to $4.273%, another new | Int Cement..... low record for the vear. Other ex-|InCombustE. changes yielded in Sympathy. Int Harvester. . —— Int Mer mflne'. DRY GOODS VERY QUIET. |lntMMrinept. 'W YORK, November 17_(Special). | Intl Paper. —Cotton good market closed the |Int Tel & Teles. week quiet, with buyers and mills ln“x"!;g;.%"'ll" suill disagreed In the main on what :"" s are proper prices. Quothtions of print |Jewel Tea. Zoods were 10% for the 84 by 60 and | JonosTea. 12% for the v 72. The raw sl 1y Spr Tire. markets algo were quiet With QUOta- | Benecotts . . tions prevailing as of Friday. eystons Firs, it B CHICAGO STOCK MARKET. Eanigh Vot CHICAGO, November 17.—Following | Loews Inc. is & report of today’s sales, high, low |To¢eTnc and closing quotations at the Cnicago k xchange: ::lol‘s.k g HlIhA Low. Clos: 62 Armour Leather pfd 783 783 25 Armour of Dl pfd. fil& ' 78 128 8% .. 7814 140 Armour of 11l pfd... 48 Com. KEdison. 110 Continental Motors. 50 Diamond Mate! 2300 Hupp Motor. 30 Mid West ticien. 48 st = Mid West Util pfd. !'8?’. Tard; up 0 Montgom Wi ' 1088, 5 Quaker Oats Dfd.... 98% 8Oy itewart Warper. 1 Swift & Co. 20 Switt Intl.. Macy Co.... Magma Copper.. Mallinson & Co., Aanati Suger. .. Manhatn El guar. Maracalbo Oil.., Market St prior. Marland Oil. Martin-Parry. Maxwell (A) Maxwell (B) May Dp.Stores. Mex Seaboard. Miami Copper. Rue T S2RLBIRLE 030 Wrigley. 3132 Yeijow Mis 5. 160" Yellow Taxi. "Total sales, 24,000 shares. —_— Fairly Put. the New York Mail. "a‘l'-l want a shave,” u‘dhlhe l?el::i “looking msn as he -clim| e L kiF in "the_ Coltseum batber anop. I don’t want any bay rum, Witch hazel, hair tonicy hot towels or face massage. I don't want the ~manicure lady to hold .my hand.nor ‘the bootblack to fomdle my feet. . I just. want & plain shave, ~with® no trimmings. Do you - understand “'3?« sir,” said the barbéer. “Will vou have some. lather on.your face, sir?” Montana Power. Montg'y Ward.. Mother Lode Munsingwear Nat Biscyit. Nat! Enamel. Natl Lead pf. Natl Ry of M 2d. Nevada Copper. N.Or'Tex & Mex. N Y Alr Brake. . NY Air Brk (A). NY Canners. N Y Central.. NYChi &StL... NYNH&Hartfd. NYO & Westrn. Nort & Western. Quite Willing. ¥rom the Pathfinder. - “It's a shame” cried the- young wife, “not a’thing in the “house fit to eat, I'm going straights home to amma.” T You don’t mind, dear,” said the. husband, reaching for his hat, “T1l o with you” Nunnally Co Orpheum Circuit. Otis Steel. . Owens Bottle 6 121% 1 21% % 21% 88% A3% 85 2% 11% 3% 10% 57% 37% Open. High. . 6% 21% 21% % 22% 88% 43% 85 28% 11% 3% 7 10% BT 37% 101% 101% b4% 42 bd® 42 123% 123% 146% 1464 62% 62% 88 0% 8 28 3Th o3 12% 26% 95'% 87% « 1124 15 5 126% 57% B8% 108% 108% 22% 30% 65% 31% 19%" 604 21% 80% B56% 16% 81% 13 22 3% 28 9% E}'fi Y 245 8% 85 0% 38 22% 68% 17 27 93 64 1% 81% 66% Low. 6 W 1 64 415 82'% ‘81 104 9% 121% 2‘)& % 21% 8T% 42 86 22% 11% 2% 7 10% 6% 874 101% 54% 42 128% 146 2% 87% 9% 8 28 36% 1ty 12% 26' 951 87% 112 14w 124% 56% 58% 5T 72 48% 12% 109% 11 36% 30%: 454 102% 15 804 21 4 ~45 144 $3% 178% 10% 14% 48 7 104 18% 39 % 39% 16% 82 48% 22% 102 4% 12% 6 40 21% ki M 29% 11% 32 6715 26% 8 17 27 25 38% 3 60 63% 17% 6% 63 88% % .93 63% 31 305 - 66 81% . 8 19% - 19% 19% 60% 60'% 60% 227 21% 21% 80% 6% 16% 82% 112 112 1% 6% 13% 16 T4 41% 1% 11% 0% 37% 47% 30% . 100% 101 5% 14% 16 T4 % 29% Close. 6% | Pac flc Develop. % | Pac Gas & Elec. | 1 65, 41% 33 31% { Pan-Am P (B) 104 7% 121% 21% 7% 22% 81% 42% 85 23% 11% 3%, 7 10% B6% 37% | P 101% B4% 42 123% 146 62% 8% 0% 8 28 36% 1% 12% 20% - |'Westhse EI&M. . 85% 43% 9% 165 6% 45 68% 11% 46% 31% 84 178% 10% 4% 48 4 10% 16% 828 494 22% 102 4% 1% 176 101 . 27% 12% 6 40 21% ki3 % 81 1% 32 67% 26% 8 17 28 25% 83% 3 -« 60% 64 1% 6% 653 88% 8% 93 63% 81% 80% S T29% 531, 66 164 81% 12% 21% 3% 28 9% 27 81 24% 8% 3 50% 37% 12 1% 11% 87 47% 30 100% % 13% 16 106% 22 8% 8 17 T% 41% 16% 824 12% 21% 4 28 9% 27 81% 24% 8% 86 50% 37% 112 1 ’o% 7% 4% 30 100% 6% 14% 16 108% 22% 62 8 17 ki 1% 1 "NEW YORK STOCK EXCHANGE Received by Private Wive Direct te The Star Office % 81% 12 37w 11% 674 B6% 104 ‘1“ 931 N M 201 o4 2 2% €0 41 a1 BI% [ 1 17 4 102 1204 615 161 s 1 1% Pacific Mall. Pacific Oil. Packard Mot ‘Pan-Am Pete 1% b7% Bl 0V 1% Parrish & Bing. Pennsylvani Penn Seabd Stl. . Reople's Gas. Pere Marquett. Phillipa Pete. Plerce-Arrow., Plerce Ar pf. Plerce Ar prior. Plerce Oll. . Plerce Oll pf.. Pitts Coal. Pitts & W Va Pitts&W Va pf.. Postum Cereal d Stl Car. Produc & Ref. .. Pro & Ref etfa Pub Ser 3 Pub Serv 8% Pullman Co. Punta Alegre Pure Oll. Rand Mines. ... Ray Con Copper eading , .. .vo o eading let pf.. Remin . Rey Tobaa (B).. Royal Dutch. St L&San Fran.. St L&San Fr pe. St L Southw San Cecll Sug Savage Arm Schulte Stores Seabourd Alr L. Sears Roebuck Seneca Copper. Shell Tr & Tran. Shell Union. Shell Union pt. mms Petrol. Simmons. ... Sinclatr Of1 Skelly OIL Sloss-Shet South Pacific Southern Rwy Southera Ry pf. Spicer Mg Co. .. St Ofl of Calif. Stand Ollof NJ Sterling Prod. Stew'd-Warne Strombg Carb. Studebaker. .. Submarine Bt... Sweets Coof A. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Oil. Tide Water Oll. . Timken Bearing Tobacco Prod. .. Tobacco Prod A. Trans Cont Oil. Union Pacific. Union Pac pf. Un Clgar Sti U S Cast I Pipe. U S Cast Ir P pf. U S Indus Alco U S Realty.. U S Realty pf. U S Rubber. U SRub 18t pt. U S Smelt&Ref.. 22 U S Ste . 92% U S Steel pf..... 119% Utah Copper.... 62 Utah Securities. d Vanadium Corp. Va-C Chem pf. Vivadou. ... Wabash........ Wabash pf (A). ‘Web & Heilbra.., ‘West Penn Co. .. ‘West Penn pf... ‘Western Md. ‘Western Md 2d.. 26% 4% 10% 82t 18% 48 89% 9% 167 8736 T Wheeling&L E.. Wheel & LE pf.. ‘White Eag Oil. ‘White Motor ‘White Oil White Ol Wickwire. Willys-Overl pf Wisconsin Cent. ‘Wright Aero... *0dd lot. MATCH CONSUMPTION 41-2 TRILLIONS PER YEAR Special Dispatch to The Btar. NEW YORK, November 17.—4,675.- 650,000,000. - No, gentle reader, this long - line of figures does not, as might be supposed, represent the pa- .per money of the European countries in which currency inflation is the or- der of the day. On the contrary, they are the plain, uninflated statis- tics of the world consumption of that article of daily and hourly use—the atch. mA recent flotation in the United States of a large loan for the pur- pose of enlarging the actlvities of the world match manufacturing in- dustry has led the Trade Record of the National City Bank of New York to a study of the world's outturn and consumption of matches, and it esti- mates that the people of the world used last yvear 4,675,650,000,000 ‘matches, for which they pald &pprox- imately $200,000,000. DUN'S TRADE REVIEW. ‘Business Without Essential Change as Winter Nears, NEW YORK, November 17.—Dun's Revlew today said: “Except for a natural growth of re- tell demand with the approach of win- ter, business is without essential chang! The same irregularities and contrasts that have marked the situa- tion in recent months are still present in different quarters. Proposals for a ro%llcllon of federal taxes, however, have'occasioned wide favorable com- ment and a further gain in export trade has given encouragement to some interests. Yet the sharp rise in stock prices of a fortnight ago, which apparently helped sentiment, has been followed by an uncertain trend and the depression in foreign exchange has continued. One of the most sig- nificant of current movements is the price yielding, which appears in hides and leather, pig iron. some kinds of building materials apd va- rious other commodities, and which is again refigcted in the excess of de- clines in Dun's list of wholesale quotations.” —_— LIVERPOOL COTTON. LIVERPOOL, November '17.—Cot- ton spot quiet; prices firm. Good middling, 21.01; fully middling, 20.86; midaling; 2041; low middling: 19.61; good ofdinary, .51; ordinary, .01, Sales, ~ 5,000 bales, including = 1,400 ‘American: Receipts, 15,000 bales, 'In- ocluding 10,300 -American. _Futures closed steady. November,:20.68; De- mber, 20. 32;. March, 20.14; May. tember, 16.8 BAR SILVER RATES. LONDON, November 17.—Bar silver, 33 6-16 pence per ounce.. $ per cent. Discount rates: Short biils, 3° 5-16 per cent; three-month bills, 3% per cent.” —_— ROAD'S EARNINGS DROP. BALTIMORE, - November 17.—The i | Western. Maryland Railway Com reports a_decrease of 376434, or 17 per cent, in estimated gross earnings for the - week ended November 7. Cumulative frou for the fiscal year to November however, exceeds the samo period fast year by $4,689,126. or 3¢ per ont.\ Open, High: Low. Close. | INTEREST CENTERS | IN FOREIGN BONDS French 8s Gain Point After Yesterday’s .Break—Home Issues Irregular. BY GEORGE T. HUGHES. Special Dispatch to The Star. E NEW YORK, November 17.—Interest in today’'s bond market was concen- trated on the foreign llst, particular- ly the French and Belglan issues. Except for French 8s, which were up & point from the last sale of yes- terday, French bonds opened either unchanged or lower. The French 7%s were down more than a Ppoint, while the City of Marseflles 6s and the City of Bordeaux 6s were off from a half to a full point. Department of the Seine 7s opened unchanged and the Parls Lyons and Mediterrangan 6a were higher. > There was no particular logic about these dlscrepancies. All depend for thelr investment rating upon the credit of France. There is, however, a market distinction in that French 8s and French 7%s have the support of & strong sinking fund which is not the case with the French city issues. Whether or mnot, the sinking fund was operating today could not be learned. - Other Bonds Little Changed. Outside the French group foreign bonds for the most part were lfttle changed. The United Kingdom 1 sues, while not particulirly active, were only fractionally lower. Among the South American bonds Bolivia 8s sold below the low of yesterday, which was a decline of 2 points on the week. The market for domestic issues was irregular. United States govern- ment loans were little changed and some of the savings banks and rails were up and others were down. Buy- ing in this group has been selective all the week. There was uniform strength among such bonds as United States Steel sinking fund 5s, Indiana Steel 58 and Illinois Steel 43s. Speculative rails were generally a little lower, although the Missouri Pacific issues held fairly well. There was no such development in the St. Paul llst notwithstanding favorable forecasts. Erle Group Reacts. A slight reaction came into the Erie group, although on the week Erie tonds have made substantial ad- vances. There has been a good deal of talk about wome other interest buying Erie securities for the pur- pose of control. but this hardly ex- plains the action of the bonds. A more rational explanation is that the maérket is showing a tardy apprecia :{:n of Erie’s improved financial pos: n. Industrial bonds moved, as they have all the week, in sympathy with thelr respective stocks. There was further heaviness today in Central Leather bs. Amerlcan Cotton Oil 5s added to their gains of the week, which, in- cluding today's advance, amount to about nine points. New issues continued to be readily absorbed. The most notable example of this this week was the rapid sale of the Southern Pacific 5 per cent equipment certificates offered on & 0.35 per cent basis. Reports as to the progress in distributing the American Telephone and Telegraph 53 per cent debentures are encouraging. The otal new offerings for the wi v $109,367,000. » SPREEk WA | NEW YORK DAIRY PRICES. :F.\'EW YORK irm: recelpts, 6,143 tubs | higher than extras, 5434a35: creamery, extras (92 score), 54; do., firsts (38 to s‘l‘?‘:fl;i)—:s“‘%“u 14, Sggs—Steady: receipts, 10,484 cases. Cheese—Steady; 313,261 o receipts, 313,261 —_—————— BUTTER HIGHER ‘TODAY. CHICAGO, November 17.—] = Higher: creamery, extras, T2 erand: , 13; extra ‘st 44a46; seconds, cagsry Lobl: firsts, Sgge—Us caLEEe—Unchanged; recelpts, 2,684 Washington Stock Exchange, SALES. Washington Gas 65 _'83—100 2t 100, 160 at 100. 100 at 100, 100 o% 1o {100 at 100, 100-at 100. 100_at 100, 100 at 100 1100 48,100, 300 at 100, 200 at ‘100, 300 at Higx: onal Baok—10 at 290, Merchants’ Bank and Trust Cor10 a¢ 1275 & AFTER GALL. _Washington Gas Light—10 A 4% 6 8t 4%, 10 at 41%, Jo % S 4 * Lanston Monotype—10 at 723, Potomac Elec. ‘Cons. 5s—3] at 977 Capital Traction—10 at 97%. B BONDS. Bid and Asked Prices. * PUBLIO UTILITY, American Tel. & Telga. 4s. American Tel. & Telga. 415 Am. Tel, & T, et & G mer. el. cony. 6. acostis ‘otomac Guar. 5y C. & P. Tel. b, = C. & P. Tel. of Capital Traction R. . City & Buburban Geargetown Gas 1 Metropotitan . 1. Poto: Elec.. 1st 5s. Pot. Elec. Pow g m. & Tof. Wain.. Alez. & Mt vee. 55 Wasb.; Alex. & Mt. Ver. cti Wash. Rwy. & Elec. g. m. s. AMISCELLANEOUS. D. O, Paper Mig. 6. Riggs Realty 8s (long).. Riggs Realty s (short) Wash. Mkt Cold Storage Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Traction. Washiogton G Norfolk & Wash. TRUST COMPANY. rican Becurity & Trust, &mtinental Trust. Merchants' B Columbla Titl Beal Estate Title. MISOELLANEOUS. Do Cnat rRamter & Biotaue.s Mergenthaler , Linotype. Old "Duteh Market com. 0ld Dutch Market pfd.. ‘Monotype. Becurity - Storage.. Washingion Marke! Vi | West Unlon 6% 5+ vorx BONDS s v Received by Private Wire Divect to The Ster Office. . (Bales are 1n 91,000.) . UNITEQ STATES BONDS. (Fractions represent thirty - seconds. Example: 93-3 means 98 3-32.) Salns. High. 91 99-29 10 98-8 146 98-3. 311 996 112 98-4 . 268 99-15 FOREIGN. Sales. High. 7 102% 22 87% 27 95% 26 99 108 86 74% 9% 95% 4% 100 101% 99% 99% 104% 103% 104 94% 106 88 20% 1% 108% 94 Low. 99-25 98-1 97-31 99-1 98-1 99-11 %) Lib2d 43 Lib 3d 43, Lib dth 4% US4éKs10i Argentine 7s.. Austria 7s, Canada Ga 1926. Canada %8 1929, . Canada 6s 1931. Canada bm 1962, Chile 104 94% 106 88 £0% 91 107% 94 80 94 83 874 94% 91% 80 71 97% 93 79% 3% 73 72% 424% 20% 110% 924 93% 87% 6644 76 89 84% 98% 9% 663 80 102% 111% 106% Chile 78 1943. .. Christiania 8s. Dutch %s.... Dutch East I 6547 Dutch East I 6562, Framerican 73 French Govt 8 French Govt 74%s. Halt) 68 20 93 87 93 £0 20 1 97% 93 9% 3% 73 2% 42% 90% 4 110% 92% 93% 8754 66'% 6 89 9415 98% 9% [ 80 10255 1% 106% 99% 86% Jergen UM Lyons 6s Marseilles Norway 6s 1962 Paris-Ly’s-Med 6 Prague 7%s Rio de Jan 8s 19 Rio Gr Do Bul Sao Paulo,State8s. 2 Seine, Dept of. 7s..100 Serbs Crotes Slo 88 24 Solssons 6s. Sweden 6s. Swiss Confed 8s. UdKingm 6%s°23. 8 Ud Kingm 6%s'37. 73 Ud Steam Copen 6s 4 Uruguay 14 104 1 109 Zurich $s. MISCELLANEOUS. Am agrChem 7%s 2 97 Am Cotton Ofl bs.. 21 Am SmIt&R 1st 5: Am SmIt&R 6s. Am Sugar Ret AmT& T cv 6 AmT&Tcltr AmT&Tcltr Am T & T deb 5%s. Am Writ Paper 6 Anaconda cv db 7 Anaconda 1st Armour & Co Armour of Del 5%2 Asso O11 65 rcts Atlantic Refin 6 Bell Tel Pa b3 Beth Steel 6%s Beth Steel rés Beth St pm b: Beth Steels f 6s. Bklyn Edison 78 D. Bush T Bldg 58 '60. Calif Pete 6%s w 1. ‘91 Central Leather Gs Cerro de Pasco 8s.. Chile Copper 6s. Con Coal Md 1st bs. Cuba Cane cv d 8. Dery (DG) 7s. Det Edison ref ¢s. Du Pont de N 7% Dugquesne Light és. Est Cuba Sug 7% Emplre G&F 7% s Fisk Rubber § Gen Elec deb &s Goodrich 6%s ‘Goodyear 8s 1931, Goodyear 8s 1941, Hershey 68 1942, Humble O&R 5% Illinois Bell 1st 5 Indiana Bteel 58 Int Mer Marine Int Paper Int Paper lst 6s B. KCP&LtbsA'S2 Kayser (J) 7s. Kelly-Spring 8s. .. Lackawa 8 6850 97 79% 914 BuBrmucaars - 82% 90% 104% 101% 89 96 101% 100% 99% 86 97 109% 97 81% 104 106 931 1% 89% 107% 904 9% 100 74 54 108% 80 103 9% 95% 964 80% 100% 102% 92% 107% 108% 6% 84% 103% 102% 88 83 65% 109% 1074 85t 95% 94% 6 102 3% -t Marland Oil Mich St Tel 1st 6s. .. Midvale Steel 58 c New Eng Tel N Y Edsn 15t 6%s. NYG EL H&P &i NYG EL H&P 4 #%s. N Am Edisen 6s. Nor Btates Pow 5s.. Northwst B Tel 7 ific Gas & El 63 PacificT & T 6862 Phila Coref 6s A. Plerce-Arrow 8 Plerce Oil deb 8s Producers & Rt 8 Public Service Gs. Saks&Cost Sinclair Oll 78 Sin Crude Oil Sin Crude O11 5 Sin Plpe Line 63 8o Por Rico Sug 7s. Steel & Tube 7s. Tenn Elec Pow 6t Tobacco Prod sf 78 Toledo Edn 1st 7 UnionB..z &P 6s.. U 8 Rub 1st rf b: U S Rubber 7% USSteel s b Utah Pow & Lt & Va-Car Chem 7. Car Ch 7%s w. OO RGBTSR @10 0 e ™ " T o T T T STy TSt - P EE T NP L= Westinghouse 7s.. Wickwire Spen 7 Wilson & Co 1 Wilson&Cev 7% ‘Winchester A 7%s, Youngstns S&T 6s. 15 HARDWOOD MAY PROVE RJVAL TO YELLOW PINE “SPARTA, Ga., November 17.—The hardwood industry bids fair to rival the yellow pine business at an early date. With prices on pine fluctuating and largely not up to expectations, more, and more l0gging concerns are going into the swamps after hard- Wwood. ‘Although the hardwood located in wet places and is some- times very difficult to get out, lum- bermeén’ in this section have ' found that the premium paid for good hard- wood on the present market more than pays for the trouble and ex- pense. "Lumbermen are hoping that the supply will tide them over until the market on pine rises to a profitable level. o GERMANY'S BEEP CROP. The sugar-beet crop in Germany this yeneis agout 2,000,000 short tous less than in 1922, according to the United States Department -of culture. Reports from the International Insti- tute of Agriculture at. Rome place the crop. at 9,381,000 short tons, com- pared with 11,896,000 short tons last year. o 93% 93% A A e “Small “coins turned . out by -the French government are: disappearing at.the Tate of 800,000 francs a day. is often RAILROADS. [ Atchison gen 4s Atlantic CL 1st . Low. Close. 884 88% 86% EG6% 82% 82% 96 96 8l% 51% o1 10t 83% 83% B4l - RA% 70 85% 95% 66% 66% 3 3 87 87 11% 1% 8% 8% 87% B7% 89% 894 87% 87% 54 b4 81 86 - 98% 7 52% 50% 66% 69% 54% 74% 74 101% 102% 81% 3% 83% 98% 67% 38% 51 61% 524 55% 103% 106% 94u 82 sl 59 84% 100% 59 58 39 73% 70% 85 94% 9. 102% 106% 6% 56% ga% IOI:: 87 - 6% 78% 64% o4 50% 8Th b1% 80% 4% B& OSW div3iy Bklyn-Maphat 6s. Bklyn R T bactfe Buff R&PItt 41 Canad North 6%s. Canad Pac deb 43, Central Pacific 4s Ches & Ohlo cv bs. Ches & O cv 4% Ghi & Alton 3s. Chi & Alton < Chi B&Q gn 48 °'68. Chi B&Q 1at rt ba. Chi & E Tl gn 6 CM & Puget Sd 4s. Chi M &St Prf 4%s Chi M&St P cv 6. Chi M&St P 4s'25. . Chi M&S P ov 4% ChiRys bs... Chi R1& Pacrf 4s CCC&StLrfés A. Cleve Term 6%s. Colo & Sou 4%s Cuba R R 6s. Del & Hd 18t rf 4 Del & Hudson 5%s Den & Rio G cn 4 D&RG Tatre b Erle gen |ErleconvdsA.... Erle conv 4s B. Erle conv 4sD. Gr Trunk st db 6s. Gr North gen 7s Gr Northwen 5% Havana ERL&P Hud & Man ref 6s. Hud & Man aj 6s. . 11l Central ref 4s. . 111 Central 5%s. ... | Int Rap Tran 53 Int Rap Tr 68 stpd. Int & G Nor aJ 6 Kan City F't 8 4 Kansas City 8 3 Kansas City 8 Lake Shore 4828 Lake Shore 45 °31 | Lenigh Valley 6s Louls & Nash 7s. Louls & N 63 2003. Manhat Ry cn 4 Market St cn bs Mil El Ry & L 68 s Mo scific gn 48, N O Tex & M in 6s, N Y Cent gen 3% N Y Cent deb 63 N Y Centri6s. New Haven c New Haven d 4s 67. New Haven 7 N Y Rysadj s ct. NY W & Bos 414s. Norfolk & W cn & Norfolk & W cv 6 Northern Pac 3 Northn Pacr 1 Ore & Calif 1st . O Short L cn 68 '46. Ore Short L ref 4s. Ore-Wash 1strf & Pennsyl gen bs. Pennsyl 6% Pennsyl gold SZacunapancmmbia StL&SFpl4sA., StL&SF prinbi St L&SF inc 8s. StL&SFad) San A & Arn P 4s. i Seab'd A L ref 4 Seab'd A Liad) 5 Seab'd A L con 68 Sou Pacific 48 1929, Sou Pacific ref 4s Sou Pacific cit & Southern Ry st Southern Ry g & Southern Ry 6 Third Ave adJ 5 Union Pac st 4s... Union Pac 1st rf 4s. Union Pac cv 4s. Union Paocv Union Pac 1 Virginia Ry Wabash 1st B Western Md 4s. Western Pacific 5s. ‘West Shore 1st Whel &LE it 4%a.. 4 Wisconsin Cent 43. 13 SAY NEW FIREBRICK WILL CUT STEEL COST SEATTLE, November 17.—Sillima- nite brick, a new type of firebrick ing steel furnaces, has been o I at the University of Wash- fnston by students of the College of Mines and the United States bureau es here. O I tording to the inventors, the brick should greatly reduce the cost of steel manufacture. it is said that it will eliminate changes of linings that add $2 to $3 to the cost of every ton of steel produced. With the new type of brick these changes will be much less frequent. ! In ingredients the mew brick do materially from many types of firebrick now on the market. ovee > o The improvement occurs in the pro- cess of manufactures The clap is melted in a furnace and allowed to “freeze.” It ig then cn\sh:d. formed ingo bricks and baked ina kiln. % |TELLS OF KARDOS PROFITS Accountant Says $962,400 Came From Outside Offices. NEW YORK, November 17.—Books of the bankrupt stock brokerage firm of Kardos & Burke indicate that the firm during the first six months of its existence accumulated $962,400 through margin payments by cus- ers in Chicago, Pittsburgh and Oher large cities where branch offices Were maintained, Joseph Kraus, an accountant, yesterday testified before eferec Olney. RS Said 'the brokers passed into profit-and-loss columns ~as _actual profits all the money they received as margin_payments. The money thus Taceived. ho asserted, far cxceeded money paid out, thus contradicting testimony of Louis M. Kardos, a firm member, that more than $500,000 of his personal wealth had been absorb- ed in the-firm's expenses. FIRM PUT OFF CURB. NEW YORK, November 17.—The New York Curb Market today an- nounced the suspension of Sheridan & Bromberg, Broad strect brokers, against whom an involuntary peti- tion in bankruptey was filed vester- day, alleging liabilities of §20,000 and assets of~$10,000. —_— POTATO MARKET. CHICAGO, November 17.—Potatoes steady, receipts, 74 cars; total United States shipments, 654 cars; Wisconsin sacked round whites, United - States No. 1, 90al10 cwt.; bulk, 1.00al.10 cwt.; few fancy, shade higher; poorly graded bulk and sacked, some fleld frosted, 75a85 cwt.: Minnesota and North Dakota United States No. 1 and partly graded Red River Ohios, 90a 95 cwt.; bulk round whites, 85a1.00 cwt.; sacked, 85a95 cwt.; Michigan, bulk round whites, 95a1.05 cwt. " LIVE POULTRY LOWER. { (CHICAGO. November Alive, lower; fowls, 1 spring: ;5‘/&: rousters, 13; geese, 18; turkey: FINANCI .Grain, Produce and Live Stock ~ LOCAL WHOLESALE MARKET. Turkeys continue to be the chief attraction in the local market, sup- vlies increasing as the Thanksgiving holiday seagon approaches. A num- ber of turkey raisers are holding their turkeys subject to orders from dealers, One dealer in the Chesapeake Beach neighborhood has advised a local dealer he is prepared to ship 500 turkeys on call. - Today's prices ranged from 40 to 45 cents. Slight fluctuations in prices of va- flous commodities were noted during the week. Supplies were more than ample to meet demands. with the Dossible exception of strietly fresh ©cggs, which were quoted at o8 cents. Average receipts were while storage eggs were 35 and 35 cents. Eggs—Strictly fresh, selected, can- dled, per dozen, 60; average receipts, 56; storage, 35a36, Live poultry—Roosters, pér torkeys, per 1b., 35; spring chickens per Ib., 23a24; keats, voung, each, §0a70; fowls, per 1b., 20a2: t Dressed poultry—Fresh-killed spring chickens, per Ib., 30a32; roasters, per Ib. 30a32; hens, per lb., 28; turkeys, per Ib., keats, young, each, §0a85; roost- ers, per lb., 20. Game—Rabbits, No. 1 4.8046.00; No. 2, .00a2.40, ,Llve stock—Calves, choice, per 1b., 12; medium, per Ib.,, 11; thin, per Ib. $a10. Lambs, spring, per Ib., 13. Live DIgs. 2.00a5.00 each; live hogs, per Ib. , Green fruits—Apples, per basket, G0a 0: per barrel, 2.50a5.50. California granges, per crate, 6.00a7. Florida, 2.50a4.50. "~ Lemons, per box, 3.00a4.00. Grapefruit, 3.00a4.00. Grapes, Concord, twenty-pound basket, 75a1.00; two- quart basket, 2214a26; honeydew melons, 75a1.50, etables—Potatoes, per 1b. No. 2542.50; No. 2, 1.00a1.50. Potatoes, , per bag, 2.25a2.40; sweet pota- toes, 3.75a4.00 per bbl. Southern lettuce per crate, 1.00a1.50; nearby, 50a1.00; Ice. berk, 4.00a5.00. Cabbage, northern, 1.7 #2.00 per 100 Ibs.; nearby, 1.00a1.50 bbl. Tomatoes, half-bushel basket, n 00. " Beans, southern, pér b Peas, per basiet, clery, per crate, 40005507 in' rough, 2504400, 1b., , per dozen. | 14.00a15.00. Peppers, per e Florida, Kale, per bbl., 75a1.50. Spin- Dbbl., = Home-grown Lima beans, Southern cucum- 4.5045.00. Carrots, 100 Md.. (Special) —Potatoes, w! 75a1.75; . 1.00a2. yams, 1.40; Beans, bushel., 2.00a3.0 bushel, 2.0042.50; beets, 100, brocoli. ‘per bushel, qt., cabbage, voy, ‘bushel, 00; cauliflower, ¢ ery, crate, a4.00 crate, 4.00a45.00; kale, bushel, i lettue bushel, 21.00; on- 100 1bs., ' 2.00a3.00; T plants, 5.00a7.00; peppers, basket, 30a pumpkins, 100, 5.0 pars- basket, 40a spin: bushel, uash, crate, 'at.50; to- b 50a1 turnips, 35a40. ed. bbl 2.00a4.50; loose, 100 1bs., 1.00a cranber- basket, box. 00a3.50; ; pears, bushel, pineapples, November 17 100 1bs., sweets and 1.25a limas, 0024.00; Brussel 100, 4.00 carrots, sprouts, a7.00; 100. 3 3.50; C plants, a30; fons, 100, 50, nips, 5065; matoes bushel, hox appl bbl., 7.00; grapefruit, oranges, box, 2.50: ries: crate, Wheat—No. 2 red winter, No. 3 red winter, spot, 1.03; winter garlicky, spot. domestic, 1.06; export, 1.05%: No. 3 red winter gar- ot, 1.02%:: No. 4 red winter, pot, 9 Bag lots 1.02 and 1.05 per bushel. Corn—Cob, new, 4.30a4.40 barrel: No. 2 corn, spot. no quotations; trac! corn. vellow, old or better, 1. Salées—None. white, new, 52; B earby, 75a83; No. Tye, v—Receipts, 103 tons. Nearby v of good quality in small bales will sell readily at full quotations. Blg bales, however, are hard to move even at sharp discounts. Damaged hay is hard to_sell at any price. Quotations: 0a26.00 No. clover mixed, 24.00a25.00. . 24.00a25.00; No. 1, 0a23.00; No. 1 clover, 1 straight . 1 tangled ryve, heat, 13.00a14 5.00 per .00216.004 0. 1 oaty No.'1 CHICAGO LIVE STOCK MARKET. CHICAGO, November 17 (United States Department of Agriculture).— Cattle—Receipts, 1,000 head; compared week ago, fed handy-weight steers and yearlings, 5 to 5 higher: weighty Steers, about steady; top handy-weight steers, 12.65; average welght, 1,173 Ibs. best long vearlings, 12.50; bulk prices follow: Fed steers and yearlings, 8.65a 10.65; 00. y Sheep—Receipts, 2,000 head; today’s receipts mostly direct; natives, steady; top fat lambs for week, 13.5 bulk prices follow: Fat lambs, 12.7 13.25; yearlin weth. aged wethers, 7.50a8.75; fat ewes, 5.50a 6.50; feeding lambs. 11.75a12.75. Hogs—Receipts, 8,000 head; active; strong to 10 higher; light light and pigs, 25 higher; bulk £0od and choice, 200 to 325 pound butchers, 6.60a6.90 top, 6.90; no strictly choice weighty butchers’included; bulk, desirable 150 to 190 pound averages, 6.2546.05; bet- ter_ grades, welghty slaughter pigs, 5.25a3.75; estimated holdover, 4,000. DAIRY PRODUCTS. BALTIMORE, Md, November 17 (Special) — Live _poultry — Turkeys, pound. 30a40: spring chickens, 15a18; old hens, 15 3 old roosters, i geese, 22a30; guinea fowl, each, 35a70. Eggs—Loss off, native and nearby. firsts, doz., 06;.southern, 52ab4. Butter—Creamery. good pound, 49a54; prints, 54ass; camery, 40a44; ladles, 34 v prints, 28a32; process store packed, 28. TODAY'S CHICAGO PRICES. CHICAGO, November 17.—Wheat averaged a little lower today in the early dealings with sellers in a ma- jority and with most of the buying confined to shorts. The fact, how- ever, that at least for the tline be: ing a split between France and Eng- land had been averted was a steady- ing influence. On the other hand, there were indications of renewed spreading between Winnipeg and Chicago, with the buving®at Winni- peg. The opening, wkich varied from unchanged figures to % lower, with December, 1.01% to 1.01%, and May, 1.07% to 1.07%, was followed by & slight rally and then by a moderate general downturn. Fine weather and increasing re- ceipts of corn tended to easc corn and oats. After opening at %a% lower to 1, galn, December, 731 to 73%, the corn market held near to the initlal range. Oats started at % off to a shade up, Subsequent changes were WHEAT— December M I g T Tore 105 105% A1% st s, 12.05 From Le Rire, Parls. “Don't you think that young man is nice, mamma? “I do not, 1 much like young ma He looks too Wwhen he was a ;|sale. AL, 1. S, GOVERNMENT - EXPENSES JuMP ' $25,000,000 for Interest and $22,000,000 for Shipping Board Part of Increase. Cost of operating the United State government during the month of © tober took an abrupt jump of o $100,000,000, as compared with ti previous month, and amounted $386,560, according to a announcement this morning. tember the total ordina: tures totaled but $286, Among the major contributing fac tors to the huge increase was a gaif of approximately $25,000,000 in inter. est on the public debt; $22,000,000 ad, Gitional requirements for the Shipping Board; $8,000,000 for postal deficiency: $7,000,000 for the Navy Department and $5,000,000 for railroads. Public debt requirements chargeals against ordinary receipts during the month _ amounted to $39,987.650, i contrast with $28,748,200 the previous month. During the month the pub was pared to the estent of $62.7 while during the previous month it Was cut to the extent of $428,198,980. The vast difference in debt retirement in the two months was mainly due to the payment of $383,919,500 of cer- tificates of indebtedness which ma- tnred in September. Reserve Board Meeting Ends. Governors of the twelve federal re serve banks concluded their regulu quarterly conference here last nig but withheld comment on the s on opened Monday and in dications were given then by offictals of the Kederal Reserve Board that the discussions would be confined largely to questions coucerning bank operation Reserve Ratlo Lower. The combined federal reserve rati at 75.6 per cent is off .9 of a point from last weck, but .4 of a point higher than a year ago. The decline is due wholly to the increase in d posit labilities. This, however, i not a reflection of weakness. Taking the banking situation as a whole, there was au improvement durlug the weelk Cash reserves at the highest since June 0 and are near the record high. The increae during the week of slightly m than $14.000,000 was due to gold im- ports. Gold continues to mova this way in considerable volume, though practically all foreign countries are guarding " their yellow metal. Local Stocks Weaker. Prices on the Washington Stock xchange were decidedly weaker to- day, the only exception being Lanston Monotype, which gained 1% points n saies of ten shares. shington Gas 6s of 1933 sold i small lots to an aggregate of $2.000 at 100, or half a point lower thar the previous sale, while ten sharee jof Riggs Bank at 290 shows « loss of four full points over the i Merchants Bank Company was unchanged a but Gas stock slumped to 47%. Cap- ital Traction stock was off fractlor ally to 97 PRICES OF COTTON AGAIN GO HIGHER But Heavy Realizing Sales Soon i Turn Market Into Nerv- | ous Condition. { 79.000 are tiie Associated NEW YORK, November he cotton market was extremely nervou and frregular during today's earl: trading. Liverpool made a very firm showing, but there was very heavy realizing and,. affe: opening barel: steady, net { points lower to 15 points higher, the local market brolke to 33.71 for January and 33.95 for March, or about 10 to 14 points net lower. The buyving, stimulated by the higher cables, checked. the de- cline and there were rallies whic carried prices up to or over last night's closiug during the first hour Trade intercsts were reported good buyers on the opening break and there was covering or rebuying by sellers of yesterday. New Orleans Prices Uneven. NEW ORL November much higher Liverpool market than due and private cablegrams telling of a big business in the Manchester cloth market put the price of cotton up on the opening today, but reac- tions set in immediately after the first_call, the result of large realizing sales from the long side Initial gains amounted to 12 to 15 points. At the end of the first half \hour of business prices were 5 to 16 Doints under the close of yesterday December traded up to 32.92 and then fell back to 33.70. Closing Quotations. NEW YORK. November 17.—Cotton futures closed irregular. December. 3421 to ; January, to 33.77 Mareh, . Spot cotton NS, November 17 closed steady at ne Decembe! 33.63a33. 30.80a33.80 NEW ORLE. Cotton futures 32.80a3, 823 March, July % Spot cotton stead points lower; sales on the spot, 451 bales; to arrive, 290; low middling, 3 middling. §3.75; good middling, 34 . W YORK, November 17.—Cotton seed oil closed steady; sales, - vember. 11.60; December, 11 vary, 1L.53; and_April, 11.85. ——— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) vominal Selling checks. gold value. g 4.8955 100 19 93 Tondon, pound Montreal, dol] Parls, fras Brussels, fr Berilu, mark ... Rome, lira . Zur'eh, fr: Athens, drachm: Muurnd, peseta W 3 Copenbagen, z Christiania, crown. .. Sockholm,” crowa By the Associated Press. NEW YORK, November 17.—For- elgn exchanges heavy. Quotations (in United States dollars): Great Britain, demand, 4.28%: sables, 4.291 sixty-day bills on ' banks, 4.264 France, demand, .0521; cables, .05211 1taly, demand, .041814; cables, .041 Belgium, demand, .04441%: cable: 0445, Germany, demand. 00000000000~ ; cables, 0000000000005, demand, .3685; cables, .37. 2 demand, .1443; Sweden, demand, 26.1 Denmark, demand, .1683; Switzerland, demand, .17; * Spain, demand, 1288; Greece, demand, .0154; Poland, " de- .0000006; Czcchoslovakia, de- Jugoslavia, demand, demand, .000014; Ru- demand, .0052% ;" Argentina, .3114; 'Brazil, demand, .036; CLOSING SUGAR PRICES. NEW YORK, November 17.—Sugar futures closed steady; approximate sales, 8,300 ton: G December, 5.38; March, 4.34;. May, 4.43; July, 4.53,