Evening Star Newspaper, November 22, 1923, Page 28

* (rzs FINANCIAL. OLS DSTEELS " LEAD PROE RSE Heavy Buying Starts When Steel Crosses 96—11- Point Break in Davison. BY STUART P. WEST. Epecial Dispateh to The Star. NEW YORK. November 22.—The ®tock market was unsettled for a time today by some sensational breaks in n Chemical stock. This specialty in the hands of a pool had been pushed up some 30 points within the last few weeks, partly on the strength of the contract for the ®ale of the silicia-jel refining process to the Vacuum Oil and partly rumors of similar deals with of the big oil companies. Soon after the opening this morning the stock ®old up to 78, where it was 4 points over the previous final. Stock Breaks 11 Points. Then came the denial by Standard Ol of Indiana that a contract had been signed with Dav n Chemical &nd the statement by Standard Oil of New York that it had investigaied Silicia-Jel and had decided not to use it. This was followed by a drop of over 11 points in le: than a qus ter of an hour, which later in the day was extended to over 20 point The general list quickly recovered, however, from the little flurry occa- sioned by the Davison episo also was not affected b, ate wave of selling which cams into FBaldwin Locomotive on the announce- ment that nothing more than the regular dividends had been declared. Some persons had been looking for a capital split-up. which would have put the present shares on an § per cent basis Oils and Steels Strong. o outstanding featu v the consistent buying of the oil shares and the equally impressive strength of the steels. The oils started in with a rush. In the first few minut Amerfcan A W up 2 points, C was selling bove 30 and Marland above Skelly jumped to 21. Other oils, like Pacifie, Phillips Petroleum and California Petroleum quickly fell into line. and the advance in the whole group was I sustained Soon after midd; United States Steel common cro: d 96, and there was hurried buying of the independ- Gulf S Bethlehem, 1 above The t were going up on account of the gen- eral buying. eneral Reaction at Close Midway through the afternoon in- st shifted for 4 while to the rails, ally to Reading, which got above SO for the tirst time It was reported that a de- cided drop in the of crude oil in the Powell fie Texas has oc- curred, due princ to salt water. With the oil sh; ancing with &nother estimate of lower production for the country as a whole, the street was inclined to take the report seri- ously. More talk has been heard of prog- 1ess toward merging of certain south- western copper companies. It is un- derstood that arrangements have been made to handle the shares of the > profit ta noon was very general reaction. and other leades ing in the late after- heavy and caused a The steels, the oils all came down from their highs. ar stocks did their best in the late trading. following the in raw sugar and the marking up of refined sugar quotations. GRANGE ASKS REDUCED RATES ON FARM FREIGHT Senator Capper Tells Convention President Coolidge Is Friend of Agriculturists. ssoclated Press. PITTSBURGH, Pa., November A resolution, stating “the farmers need for lower freight rates” and “advising” railroads to reduce rates by reducing operation expenses was passed here yesterday by the National Grange, in annual convention. The resolution was presented by a com- mittee hraded by Jesse Newsome, master of the Indiana Grange. United States Senator Arthur Capper, Kansas, in an address to the Grange delegates, declared that “lower rates of transportation would offer the great body of farmers that relief which we all seek. Establishment of a government bureau to dispose of surplus Ameri- can crops abroad. the senator be- lieved, would be more efficient than disposal of such crops by private interests. He told the Grangers that he believed President Coolidge “un- derstood the farmers’ point of view and that agriculturists could count on a far-seeing friend in the White House. GURGLES FROM MOVIE CASE REVEAL LIQUOR Christmas Cheer for Hollywood Turned to Gloom by Dry Raiders. Bs the B the Associated Press. .0S ANGELES, Calif., November 22, —Gurgling noises emanating from a packing case ostensibly containing only silent film dramas, which led to the arrest yesterday of Joseph W. En- gle. senior vico president of the Met- ro Pictures Corporation. today found their echo in a federal investigation of agserted wholesale attempts to ship liquor from New York to Hollywood in preparation for Thanksgiving and Christmas holidays. Engle was arraigned before United Statcs Commissioner Stephen G. Long Jate yesterday on a charge of violat- ng the national prohibition law after federal agents had found that a large packing case marked “Films” and Rddressed to him contained many thousands of dollars’ worth of bond- ed liquor. Ile denied all knowledge of the shipment and expressed th> be- lief that some bootlegger was endeav- oring to get his wares shipped into Hollywood without arousing suspi eion by the simple expedient of usin: a film official's name as consignee. He was released on $2,000 bail. Federal authorities declared that the arrival of “a big box from New York" had been anticipated in certain Hollywood circles and indicated that other soon. IDENTIFY AMNESIA VICTIM Hospital Officials Say Patient Is G. H. Mahon, Albany, N. Y. NEW ORLEANS, November 22.—An emnesia victim who has been in Charity Hospital for eight months Las been ldentified as Gregory H. Mahon of Albany, N. Y., according to officials of the institution yesterday. Tt was stated the identification has been made through his mother, Mrs. James J. Mahon of Albany and the Foundation Company, which had em- Ployed Mahon as an auditor, on'! other | “big boxes” might be seized THE EVENING STAR, WASHINGTON, D. C. NEW YORK sTOCK EXCHANGE | BONDS MAINTAIN Received by Private Wire Direct to The Star Office Adams Express. Adv Rumley. ... Adv Rumley pf. Alr Reduction. . Ajax Rubber. Alaska Gold Alaska Juneau. All Am Cable. Allied Chem Allied Chem pf. Allis Chalmer: Am Agr Chem. . Am Ag Chm pf.. Am Beet Sugar. {Am Brake Shoe. Am Can. Am Can pf. Am Car & Fav.. Am Chain (A).. Am Chicle Co. .. Am Chicle pf... { Am Cotton OIl.. Am Cot Oll pt.. Am Druggist. Am Express. ... Am H & Leath. . Am H & Lea pf. Am Internat’l Am La France. . Am Linseed. . Am Locomotive Am Radlator. .. Am Roll Mill pf. Am Safe Razor. Am Ship & Com. Am Smelting... Am Smelt pf. Am Steel Fdy Am Sugar. . Am Sugar pf. Am Sumatra Am T & Cable Am Tel & Teleg. Am Tobacco. ... Am Tobac (B).. Am Water Wks. Am W W 6% pt. Am Woolen. ... Am Woolen pt. . Am Zinc & Lead Am Zinc&Ld pf. Anaconda. Armour of Del pf Asso D Goods. Assoclated Ofl. . Atchison. Atchison pf. Atlan Cst Line. Atlantic Fruit.. Atl Fruit stfs Atlantic Ref. Atl Refining pf. Austin Nichols. Auto Knitter Baldwin Loco. . Baito & Ohlo. .. Balto & Ohio pf. *Bank of Com. . Barnesdall (A). Barnesdall (B). Bayuk Bros. ... Beechnut Pack. Beth Steel. ... Beth St 7%(n) Beth Stl 8% pf.. Booth Fish..... Bklyn Edison Brklyn-Man Tr. {Brkin-Man T ptf. Bklyn Un Gas.. Brown Shoe. ... Buff Reh & Pitts. Burns Bros (A). Butte Copper. .. Butte & Super.. Butteric Caddo Oil. Calif Pack Calif Petrol Callahan Zinc. . Calumet & Ariz. Calumet & Hecla Canadian Pac... Central Leatn.. Cent Leath pf Cent RR of NJ. Cerro de Pasco. Chandler Mot Chesap & Ohio. . Ches & Ohio pt. Chi & Alton. .. Chi & Alton pf.. Chi & East 111 Chi & E 11l pt. Chi Grt West. .. Chi Great W pf. Chi Mil& St P.. Chi Mil &St P pf Chi & Northwn. Chi Pneu Tool.. ChiRI& Pac... ChRI&P6%pt Chi R I&P T%pf. ChiStPM &O... Chile Copper. .. Chino Copper. .. CCC&StL.... Cluett Peabody. Coca-Cola...... Colo Fuel. Columbia Gas. .. Comp Tabulat.. Congoleum Co. . . Conley Tin Foil. Cons Cigar. ... Cons Gas of NY. Cons Textile. ... Cont Can. 5 Continental Mot Corn Products. . Cosden & Co. ... Crucible Steel. . Cuban-Am Sug. Cuba Cane Sug. Cuba Cane § pf.. Cuban Dom'can. Cuban Dom pf.. Davison Ckem. . De Beers....... Del & Hudson D Lack & West. Detroit Edison. .. Dome Mines Douglas Corpn Dupont (ED)... Dupont deb. ... Eastman Kodak EatonAxle &Sp. Elec Stor Bat... Emerson-B pf. .. Endicott-John. . Erle. .. Erie 18t pf. Erie2dpf...... Exch'ge Buffet.. Famous Players Fleishman. . Fifth Ave Bus.. Fisk Rubber. Fd Mines &S pf. Foundation Co Freeport Texas. Gardner Motor. Gen Am Tk Car. Gen Asphalt. ... Gen Asphalt pf. Gen Baking Gen Cigar Gen Electric. Gen Elec spl. Gen Motors. Gen Mot 6% deb. Gen Mot 7% deb. Gimbei Bros.... Glidden........ Goldwin Corp. Goodrich... Granby Consol. Gray & Davis. .. Gt Northern pf. Great Nor Ore. Greene-Canan. . Guantana Sug. . Gult Mo & Nor.. Gulf M & Nor pf. Gulf St Steel..... Hartman Corp.. Hayes Wheel. .. Hendee Mfg.... Househ'd Prod. Houston Oll.... Hudson Motors. Hupp Motors. .. Illinols Central. Ind Oil & Gas... Indiahoma..... Indian Refining. 11l Cen pf(w ). Inland Steel.... Inland Steel pf. Inspiration..... Interb Rap Tr.. In Ag Chemical. Int Cement..... In Combust E. . Int & Grt North. Int Harvester. . Int Marvester pf Int Mer Marine. Int M Marine pf. Open. High. 70 70 % T 27 28 67% 6 70 22\ 157 52 814 26's by 91 Th 43 87 26% 11% 17 75 85 99 T 12% 597 95% 38% 56% 96% 20 41% 124 148 147 8814 Low. Close. 70 59% 21 110% 118 104 18% 111 1284 86% 110 22% 644 13% 65 18 27% 23 20 65 45 9% 7% § 45% 70 1% q 4% 33 65 28 ¥4 180 10% 14% 811 96 48% 10 9ty 20% 154 814 573 31 15% 6% 1315 50% 83% 40% 87% 17% 33 54% 25% 23% 102% 4% 1% 5% 103% 36 101% 27 12% 1 40 24% 19% 79 108 75 33% | Intl Paper. {Jewel Tea Open. High. 11% 12% 36 36% 115 115 9% 10% 50 51 46 % 17% 29 4% 194 38 Int Nickel. Int Shoe pf. Invincible OIl. Iron Produc Iron Prod ctf: Jones Tea..... Kansas & Gult Kansas City 8. Kayser (Jul Kelly Spr Tir 28% Kelly-Spr 6% pt 71 Kelly-Spr 8% pt 784 Kennecott. 8474 Keystone Tire 2% Kresge (SS).. Lehigh Valley. Lima Locomo. Loews Inc. Loft Inc Loose-W . Lorillard (P)... Louis & Nash. McCrory pf McIntyre Poi Mack Truck " Mack Trucks 1st 937 Macy Co..... Macy Copf... Magma Copper.. Mallinson & Co. ManatiSugar. Manati Sug pf. Manhatn El guar Maracatbo OIl.. Market St prior. Marland Ofl. ... Marlin-Rockwl. Martin-Parry. . Mathison Alkill, Maxwell (A)... Maxwell (B) May Dp Stores Met Edison pf. Mex Seaboard. .. Mex Seabd ctfs. Miami Copper... Middle St Ofl. .. . Minn StP & SSM. Mo Kan & Tex Mo K & Tex pf. Mo Pacific. Mo Pacificpf.... Montana Power Montg’y Ward Moon Motors Mother Lode 172% 8 at! Enamel atl Lead. . atl Lead pf. at R of Mx 1st. atl Ry of M za. Nat Supply. . Nevada Copper. N Or Tex & Mex. N Y Alr Brake. N Y Canners. N Y Central.... NY Chi & StL.. Y Chi& StLpf. YNH&Hartfd. NY O & Westrn. Nort & Western. North Amer. North Pacific Nunnally Co. Ohio Fuel Sup. Oklahoma Prod. Orpheum Cireuit. Otis Steel...... Otis Steel pf. Owens Bottle. Pac fic Develop. Pacific Mail..... Pacific Ofl. Packard Motor., Packard Mot pf. Pan-Am Pete. Pan-Am P (B) Panhandle. ... .. Parrish & Bing. Penna Coal & C Pennsylvant Penn Seabd Stl. . People's Gas. Peoria & East. Pere Marquett Philadelphia Co. Phillips Pete Pierce-Arrow. Plerce Ar pf. Pierce Ofl. Pierce Oil pf Pitts Coal. ... Pitts Coal pi Pitts & W Vi Postum Cere Pressed Stl Car. Produc & Ref. Pro & Ref ctfs Prod & Ref pf. Pub Service. Pub Serv 8% pf. Pullman Co % pt Railway Stl Sp.. 108 Rand Mines. 324 Ray Con Copper 12% Reading........ 9% Reading 1st pf. 55 Reading 2d pf. 53% Reis Robert pr.. 70 Remington. . 35% Replogle Steel 10 Rep It & Steel.. 49 Rep Ir & StIpf.. 92 Reynolds Spr... 23% Rey Tobac (B) % Royal Dutch. 49% Rutland Ry p 31 St Joseph Lead.. 20% St L&San Fran.. 20% StL&San Frpf. 42% St L Southwn... 824 St L South pf. 58% Savage Arms 324 Schulte Stores.. 100% Seaboard Alr L. 615 Seabd A L pf. 134 Sears Roebuck.. 85% Seneca Copper-. 6 Shell Tr & Tran. 33 Shell Union. ... Simms Petrol. Stmmons. . Sinclair Oil. Skelly Ol1 Sloss-Shet So Porto Sugar. South Pacific Southern Rwy Southern Ry pf. Spicer Mfg Co... St Oil of Calif. Stand Ollot N StOllof NJpf. Sterling Prod Stew'd-Warner. Strombg Carb... Studebaker. Submarine Bt... Superior Oil. SweetsCoof A.. Tenn Copper. ... Texas Company. ‘Tex Gulf Sulph. Texas & Pacific. Tex &PC&OIl. 8% Third Avenue... 9% Tide Water Ofl. . 120 Timken Bearing 37% Tobacco Prod... 60% Tobasco Prod A. 91 Tobacco Pro pf. 114% TransCont Oll.. 2% Underwood. 38% Union Bag . 61% Union Pacific... 132% Un Alloy Steel.. 31% United Dru, . 6% Untd Drug 18 46% United Fruit.... 179 United Ry Inv. 9% Utd Ry Inv pf... U S Cast I Pip 42% U S Food Prod. 4% U S Hoffman M.. 15% USIndusAlco.. 62% USRealty...... 944 U S Realty pf... 100% U S Rubber. 3% U S Rub 1st pf. 86 U S Steel. 95% U S Steel pf..... 119 Utah Copper.... 63% Utah Securities. 16% 30% Vanadium Corp. Va-Car Chem. 9 Va-C Chem pf... 30 ValrCoal & C. b4 Va Ry & Power. 34 Vivadou. 15% 10% Wabash...... ‘Wabash pf (A)., 35 68 14% 56% 36% 117 657 8% 85% 1041 13% 2% 3% 8% 40% 61% 21 Low. Closs. 11% 86' 116 654 17% 8 b58% 4 172% 89 97 16% 8lly 93% 6674 118 30 314 60 81% 321 22% 63% 27 3% 20 40% 56% 161 824y 90 15% 14% 22 5 49% 11% 30% 10% 29 6 287% 874 21% 2% 27% 60 98t 41 554 Bdty 19% 45% 99 123% 534 17% 87 109% 32 12% 9% 54% 534 70 3313 10% 48% 92% 24 n 49 31 20% 20% 42% 31% 573 | 32% 100% 6% 125 858 5% 33 16% 2% 10% ¢ 25% 20% 20% 54 54% 88 86% 68% 14% 56% 35% 1% 59 87% 831 103% 12% 2% 3 9 40% 60% 205 9 94 87% 2% 62% 76 RECENT ADVANGE Erie Issues Are Prominent. Liberties Firm—Foreign Group Is Steady. BY GEORGE T. HUGHES, Special Dispateh to Tpe Star. NEW YORK, November 23.—Again today it was the speculative ralls held their gains. Erle lssues were among the most prominent, the general fours improv- {Ing by a fraction their previous high for the year. At today's high these {bonds were only about a point below the convertible As and the con- vertible B issues. Seaboard Air Line bonds also maintained their position, the adjustment 5s selling around 45 In the New Haven group the non- convertible debenture 4s of 1957 sold up half a point. Chemical Bonds Strong. Among the industrials there was notable strength in Virginia-Carolina Chemlcal 7l:s with warrants. The buying was doubtless based on the theory that prosperity in the south would improve the ‘status of the bonds. Central Leather first 55 con- tinued heavy around 92. Obligations of sugar companies were firm, nota- bly the Cuba Cane Sugar 8s. Hershey Chocolatg 6s sold at par, a new high for the year. Among the tractions, Chicago Railways 5s broke below 74. The local tractions were heav: Forelgn Group Steady. High-grade bonds and United States government loans were little changed There was a_brief runup in Atlgntic Refining s. The new American Tele- phone and Telegraph debenture 5lis sold at the issue price with an odd lot now and then an eighth higher. In the foreign group steadiness was the rule Some ‘confusion arose over the new way of quoting bonds sold with the privilege of deluyed delivery. If the buyer consents a seller may take seven days to dellver. The idea is to accommodate out-of-town houses who often wish to sell secur- ities when it Is physically impossi- ble to make a delivery by p.m. on the next day as the rule require .when bonds are soXl “in the regular way." Todauy's New Issuen. Today's new iszues included $2,- 500,000" in_Cities Service refining 7 per cent bonds, offered at § to yleld over 7.40 per cent, and $10, 300,000 in Penn Central Light and Power first and refunding sixes due 1953, offered at 95, to yleld about .15 per cent. AUTO PRODUCTION BAINS 117400 CARS Big Four Stockholders to Vote on Bonds—Public Buying Stocks. By the Associated Press. NEW YORK, November 22.—Net in- come of Childs Company, operating a nation-wide chain of restaurants, di- rectly applicable to the common stock was $1,105,546 for the twelve months ending September 30, as compared with $1,065.203 in the twelve months ending November 30, 1922, The Department of Commerce has announced that 334,966 passenger au- tomobiles were produced in the United States in October of this year #,as compared with 217,566 in the same | n)(:\nlh last year. special meeting of stockholders {of the “Big Four” Railroad Com- pany, has been called for Decem- er 22, to act on a proposal to fssue $10,000.000 in bonds to discharge the company's indebtedness to the New York Central. preferred stockholders will quired to authorize the issue. The Pure Oil Company has declared the regular quarterly dividends of $1.25 on the 51 per cent preferred, $1.50 on the 6 per cent and $2 on the 8 per cent preferred stocks. While it Is admittedly difficult to determine the extent of public par- ticipation in the stock market, one Wall street house with out-of-town connections reported the execution yesterday of the greatest number of buying orders in four months. Stockholders of the American Wa- ter Works and Electric Company will vote on December 6 on a proposal to Increase the capital stock from $30,- 000,000 to $40,000,000. The change, if the recommendation of directors’ is approved, will be effected through an increase in the first preferred st from $10.000.000 to $20,000,000. No immediate issuance of stock, however, is contemplated by the company, ac- cording to President Hobart Porter. The International Salt Company has declared an extra dividend of 1 per cent and the regular quarterly payments of 13% per cent, both pay- able January 2 to stock of record December 15, WOOL MARKET IMPROVES. Heavyweight Outlook for Season Is Encouraging. Special Dispatch to The Star, BOSTON, November — Pulled wools, especially B supers, were the features of today's raw wool market, which continued to gain in strength. The pulled wool trading was on pre- dictions of an exceptionally busy heavyweight Season. Western grow- ers, apparently fully aware of the Istrength of their position, are holding their wools with better prospects of realizing hoped-for profits than at any time in the last six months. Receipts Wednesday were 1,158 bags of do- mestic wool. VOTES TWO DIVIDENDS. NEW YORK, November 22.—The Virginian Iron, Coal and Coke Com- pany declared a 1% per cent dividend on common stock and a regular semi- annual 2% per cent dividend on pre- iferred, both payable January 2 to stock of record December 15. The company pald a 50 per cent dividend in preferred stock February 15, 1922. Last July it passed the dividend on common. be re- 2 ‘Waldorf System.. Web & Heilbrn. Wells-Fr Exp. : West Penn Co. 15% 18% 38% 45 89% 10 - 13% 109% 59 72 8 23% 50% % 3% To% T1% 3074 124 68 15% 18% 8% 45 89% 10 13% 110% 59% 72 8 23% 15% 13% 38% 45 891 9% 133 109% 58% 72 7% 23% 50% % 3% % 70 30 15% 13% 38% 45 89% 9% 13% 110% 58% 72 T3 23% 51 14 3% % 70 824 125 12% 68 69 ‘Western Union. ‘Westhse E1&M. ‘Westhse 1st pf. ‘Wheeling&L E. White Eag Oll.. ‘White Motor. White Oil. Willys-Ov. Wwiltys-Overl pf ‘Wisconsin Cent. Wright Aero. .. : Youngstn Tube. *0da lot. Low. Last. Call Money. 4 4% HOURLY SALES OF STOCKS. 1 124 200 346 800 A majority vote of | THURSDAY, NOVEMBER 22, 1923. 5w vorx BONDS s reaes] Received by Private Wire Direct te The Star Office. (Bales are in $1.000.) UNITED STATES BONDS. thifty - seconds. (Fractions represent Example: Low. 99-20 97-30 97-28 98-29 97-29 99-12 FOREIGN. Sales. High. Low. Close. 4 Austria 7s Belglum 7%s. Belgium 8y Bern 8s. Bolivia 8 Bordeaux Braszil Brazil8s...... Canada 5s 1926 Canada 5%8 1929, Canada 5s 1952 Chile 8s . Chile 7s 1943. Copenhagen 5% Cuba 5%s ctfs Czechoslovakia Denmark 6s Dutch E16% French Govt 7%, Haiti6s. ... Holland-Amer 6s. . Japanese 1st 4% Japanese 4s. Jergen UM 6 Lyons 6s. Marselll Mexico 6u. Mexlco 4s. Montevideo 7. Netherlands Norway Norway 6s 1943. Norway 6s 1952. Orient Dev deb 6a. Paris-Ly’s-Med Prague 7% Queensland 7s Queensland 6 Rio de Jan 8 £ Rio de Jan 8s 1947. Rio Gr Do Sul 88 Sao Paulo State.8s Seine, Dept of, 7 Sweden % Swiss Confed 8i Ud Kingm 5%s '29 Ud Kingm 6%s "37.13: 2 Uruguay 8s. - 8 102 86% 98 99% 108'% 85 5% 9% 4% 99% 100% 99% 104% 95 87% 89% 92 94 89% 95 944 #9 96% 2% 91 74 93 9% 6 5% 75% 464 284 86 94% 110% 92 93% 88% 70 1% 106 100% 8874 88% 94 9813 83% 664 1024 12 108% 100 103% 192 & 98% 99% 108% 85% 5% 79% 95% 99% 101% 99% 104% 95 88 80 92% 94 90 5% 9% 89 97% 93% 91 74 93 MISCELLANEOUS. 28 1 34 63 13 Am Agr Chem 7%s Am Chainsf 6s'33. Am Cotton O!l bs. . Am SmIt&R 1st 61 Am SmIt&R 6s. ... Am Sugar Ref 6s.. 24 AmT & Tcvés.... 28 AmT&Tcltrbs.. 13 AmT&Tcltris.. 26 Am T & T deb 5%s. 36 An: Writ Paper 6s. 8 Anaconda cv db 7s. 23 Anaconda 1st 6s... 30 Armour & Co 4%s. 23 Armour of Del 53¢ 39 Asso Ofl 6srcts... 75 Atlantic Refin Gs. . Bell Tel Pa bs Beth Steel 5% Beth Steel r£ b Beth Steel pm Ss.. Beth Steels £ 6s... Brier H 8t 1st G%s. Bklyn Edison 7s D. Bklyn Ed gen 58 Bush T Bldg 53 '60. Calif Pete 6%s wi. Central Leather 53 Cerro de Pasco 8s. Chile Copper 6s. . CinG & E5%8'62. Commonwth P Con Coal Md 1st 53 Cuban-Am Sug 8s. Cuba Cane cv d 8s. Cuba Cane cv 7330 Det Edison ref 6s. Du Pont de N 7%s. Duquesne Light 68 Fst Cuba Sug 7348 Empire G&F T3s. Fisk Rubber 8 Gen Elec del Goodrich 6% . Goodyear 8s 1931.. Gocdyear 88 1941.. Hershey 63 1942 Humble O&R 5%s. 1llinols Bell 1st 53. Indiana Steel 5 Int Mer siarine 6s. KCP&LtbsA's2 Kelly-Spring 8s... Lackawa S 58 '50.. Lorillard (P) 5s... Magma Cop cv 7s. Manati Sug 8f T%S i Marland Oil 7% Marland Oil 8s Mich St Tel 18t 5s. Midvale Steel Gs ct. Montana Power 5. Morris&Co 1st 4% New Eng Tel bi N Y Edsn st 6% N Y Tel 68’41 N Y Tel 68°49. N Y Tel 43%s.. N Am Edison 6 Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel Is. Otis Steel 7%s. Otis Steel 8s. . Pacific Gas & El 65 PacificT&T b Pan-Am Pete Phila Co 5%8'38 Phila Coref 65 A.. Pierce-Arrow 8s.. Plerce Ol deb 8s. . Producers & R 8s. Punta Alegre 7s. Saks & Co s £ 7s. Sharon Stl H 8 Sinclair Oll 7 Sinclair O11 6%s. S:n Crude Ol 533, Sin Crude Ol 6s. Sin Pipe Line 58 So Por Rico Sug 78 Steel & Tube 7 Sug Est Orfent Tenn Elec Pow Tobacco Prod sf 7s Toledo Edp 1st 7s. Union E. 3 & P 6 Unit Drug cv 8 U S Rub 1st rf 5s... U8 Rubber 7% USSteels£5s.... Vertientes Sug 7s. Va-Car Chem 7s. Va-Car Ch 1%8 w. Warner Sugar 7s.. ‘Westinghouse 78.. Wickwire Spen 7s. Wilson & Co 18t Wilson&Cev 7 Wilson & Co cv 6s. Winchester A 7ts Youngstn S& T 6s. 11 97 93 80% 924% 102% 961 93 744 91% 102% 100% 116% 95% 9214 9819 —_— AUTO SCHOOLS PLANNED. By the Astociated Press. DAYTCN, Ohie, November 98-3 means 98 3-32.) Sales. High. 99-23 98-2 97-31 99-1 98 99-15 Close. 99-28 08 97-29 98-31 97-31 99-16 102 87 98% 99% 108% 35% 75% 9% 95% 99% Wik 9914 104% 95 8% £0 92 94 89% 85% 944 89 97 2% 91 74 93 798 76 % 76 86 93 93% 70 78 99% 861 95 9 26 109% 103% 1051 934 9% 89% 100% 107% 92 97T 90% 0% 103% 88% 99% 34 764 106% 108% 104 8945 925 87% 96% 96 80% 100% 102% 95% 925 108 106% 95% 109% 843 108 1025 94 83% 66 1033 1074 874 95% 4% 85 101% 93% Se- 18etion of Detroit as the 1924 convention city of the Society of Automotive En- gineers and adoption of a service pro- to be presented to the national organization when it convenes next Jan- uary, marked the closing session of the annual joint meeting of service divisions of the society and the national automo- bile chamber of commerce, last night. Outstanding features of the service program include the promotion of na- tional service schools to educate re- pairmen in_automotive repair work, a national educational program to be placed before the public and approval of an international meeting of automo- bile and equipment manufacturers. BUTTER LOWER TODAY. CHICAGO, November 22.—Butter— Lower; creamery extras, 51%; stand- ards, 48l4a4 firsts, 44a46%; Eggs—Unchanged; “eascs, ¢ receipts, extra firsts, 19a50%; seconds. 42a4215. 2324 ! RAILROADS. Sales. High. 12 Low. Close. 57% B7% 884 884 86% 86% 81% 81% 96% 96% 80% 0% 100% 100% 82% 82% 83% F3% 7 7 95% 956% 66% 66% 8% 8% 92y 92% 100% 100% s6% g% 89% 874 87w B4 BA%. 31% 31% 984 98% 7% % AT4 484 Wh 4% 51% b1% 49% 49% 54% 66% 69% 69% 54% G5% % 7% 105% 106 3% 4% 78 18 74 4% 7% 71% 102% 1024 B34 ¥3% 84 84 89 99 85 66 38% 38% 85% 854 61 61% 105 106 53 53 64% b4k 5i% B4k 66% 56% 103% 103% 1% 1% 106% 107 94% 94% £0% §0% 554 58% 84% 8du 100% 100% 100% 100% 5T% 57% 58 68 84y 85% 39% 40 87% 81% 15 15 0% 704 85% 854 824 8214 944 94% 92% 92% 101% 1021 96% 64 67% 57% 91 91 18 18 101 101 1T% 1% 63% €4 83% 4% 51 51% 89 88l 51% 7% 6% 83 4% 105% 8% 94% 1% 58 344 674 Ann Arbor 4s. Atchison gen 4s. AtlanticCLcl 4s.. B&Oprin3ys... B&Ogoldds. B&OG6s... B&OSW divay, Bklyn-Manhat 6s. Canad Pac deb 4; Car Clinch & O 6s. Cent of Ga. Central Pacific 4s. Ches & Ohio cv bs. Ches & Ocv4is.. Ches & O gn 4% Chi & Alton 3%, Chi B&Q 1st rf 5 Chi & E Ill gn 6s. Chi Great West 4s. Chi GrWest 4s (n). CM & Puget Sd 4s. ChiM&StPrf 43 Chi M&St P cv Chi M&St P 45 25, Chi M&S P cv 4348, Chi M&St P 4s'34. . Chi&NW7s. ChiRys bs. ..., ChiRI&Pgn Chi RI& Pacrf Chi & W Ind cn 4s CCC&StLre6sA. Cuba RR bs. Del & Hd 1st re 45 Del & Hudson 5% Den & Rio G cn 4s. D& RG st rf Det United 4%s Eria 18t con Erle con ext 78 Erie gen 4a Erie convds A Erleconv4s B Erie conv 4s D Gr Trunk sf db 6s. Grand Trunk 7s. ref ba. Hud & Man aj 11l Central ret 11l Cent ref bs'55. 111 Central 5% Int Rap Tran 6s. Int Rap Tr6 Int Rap Tr: Int &G Noraj 6s.. Int & G Nor 1st 6s. Towa Cent rf 4 Kansas City 8 3 Kansas City 8 5; Kar City Term 4s. Lake Sho: '28. Lake Shore 4s '31. Lehigh Valley Louls & N 58 2003. Manhat Ry cn MStP & SSM 6%s . MK&TprinbsA. MK&T4sB. Mo Pacific gn 4s. . Montrl Tm 1st bs. New Or Term 4s NOTex&Min Y Centgen 3%s. I Cent deb 6 Y Cent deb 4: NYCentribs. NYCenLSct | New Havencd 6s. New Haven d 4s 57 ew Haven 7s fr.. ew York Ry rf 4s. ¥ Y Ry rfdsctfs.. N Y Rys adj 58 ct. [NYW & Bos 4% Norfolk & W cv Northern Pac 3i Northern Pac Northn Pacr | Northern Pac 6s D. Ore & Calif 1st 5s, O Short L cn 58 °46. Ore Short L ref Ore-Wash 1st rf Pennsyl gen Pennsyl gen 4%s.. Pennsyl 6%8 Pennsyl gold 7s. Pere Marq lst 5s. 874 81 1% 38 109 58% 824 102% 92 99% 102% 92% 79% 997% 90% 1084 107% 93n 87 f6% 9% 58% 724 98% 75 76 0% 63% 4 44 674 2% 8614 95ty 68 100% 964 524 44y 96 T4% % 83 95% Reading gen 4 {StL & S F pl 4 StL&SF prinbs, StL&SF inc6s. StL&S F ad) 6 StL&SFplésC StLSW 1st 4 St LS W con 4s'32. 14 San A & Arn P 4s. Seab'd AL Seab'd A Lre Seab’d A L ad] 5i Seab'd A L con 6s. Sou Pacific 431929, Sou Pactfc ref 4s Southern Ry st 63, | Southern Ry gn Southern Ry 6% South Ry dv 6s w Third Ave ref 4 Third Ave adJ 5 Tol St L& W 3 Tol SLL & W7 4 Union Pac 1st 04 58% 474 43% 6715 92y 864 95 68 100% 9614 52 444 95% 73 a1y 83 95% 103% 9945 95 96% B% 791 79 59% 101% 964 5214 45 96 T4% 81y 83 96 103% 9914 5% 9644 58% 79% 79 59% Union Pac cv 6s Cnion Pac 1st rf 58 991 964 96% 58% 9% 79 59% 51% kd Western Md Western Pacific 5s. West Shore 1st 4s. Wheel & LE cn 4s. Whel &LE rf 4%3. b51% b61% ‘Wisconsin Cent ¢s. ki n TOTAL SALES (Par Value): 11am.. 2564000 12noon 4367000 \p.m.. 5853000 2p.m.. 7639000 SHORT-TERM SECURITIES. | (quotations furnished by Reamof® & co.) Aluminum Co. of Amer Ts Aluminum Co. of Amer. American Cotton il by Awerican Sugar s 1637.. ... Awerican Tel. & Tel. s 192 American Tel. & Tel. 6x 1925 Anaconda Copper bs 1929, Anglo-American Of] 7% 192 Baltimore & Ohlo 8s 1924 { Canadian Nortbern 53a 1823 Cent. Argentine Rwy. 6s 1927, tral Leather 5s 1925.. Chi., R. I. & Pa Chidago Tel. 58 ; Dn Pont 7i4s 1931. $ Edison EL Tii. of Bos. 5i4s 1925 Federal Sugar Ref. Gs 1033 Fisher Body Corp. 0s 1027 s 102 1925, 18 Fisher Body Corp. Goodyear T. & R. 83 1031 ireat Northern 7s 1038 Hocking Valley 6s 1924 Humble Oil Siae 1932 . Kennecott Copper 7x 1980 Libby. MeNell & Libby 7x 1931 Micliigan State Tel. 58 1024. A, St. P. &S, 8. M 6148 1801 Morris’ & Co. 7348 1630. Penna. R. K. 78 1630 st. Paul Uaion Depot 8wift & Co. 5 I Tidewater Ofl 614 1931. Union Tank Car 7s 1830, U. 8. Rubber 7%s 1080. Weatern_ Union 6328 1638, Westinghouse E. & M. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon. Rate—Maturity. Bld. ~ Offer. 4s December 15, 1023... 4igs Marcn 13. 1024.....0 1001 4343 Marct 5. 102410100 5is June 15, 1924. 5igs September 13, 4%s March 15. 1025. Jume 15, 1023 s e Sepiember 13, 102 1s September 2 4542 Mdren 5. 1621, 414s December 15, 1927 RATES ON BAR SILVER. LONDON, November 22.—Bar silver, 3215-16 pence per ounce. Money, 25 per cent. Discount rates—Short bills, 33%a3 7-16 per cent; three-month bills, 16 per cent. NEW YORK. November 22.—Bar sil- ver, 64%; Mexican dollars, 48%. G e The University of Montpelier, France, has a medical school tracing back to the tenth century. 100% 100% 90 17-16 90 51.32 1005 1007 - 100 100% 3% 1034 | FINANCIAL, Grain, Produce and Live Stock WHOLESALE MARKETS. Consumers are getting in their winter supplies of white potatoes. Supplles are liberal and demand and movement steady. Prices are termed by_dealers as being liberal. Michigan growers are shipping many potatoes to the local market. While some nearby growers have disposed of portions of their crops. others, it is stated, have not yet gathered their potatoes, and many persons will wait for such supplies before making preparations for the winter. There i8 also a plentiful supply of sweet potatoes on hand. They do not keep so well and dealers favor fast movements. Movements are only, moderate, however, the demand not being brisk. . selected, can- average re- Live poultry—Rooste! turkeys, per Ib. 36a37; ens. per 1b, 2ladz; keals fowls, per Ib., 20! Dressed poultry — Fresh - killed spring chickens, per Ib.. 28a30; roast- ers, per Ib., 28a30: hens, per b, 23: turkeys, per lb., 40a45; keats, young. each, 80a85; roosters. per 1b., 20. Game—Rabbits, No. 1, per dozen, 4.80a6.00; No. 2, 2.00a2.40. Live stock—Calves, choice, per 1b., 12; medium, per 1b., 11; thin, per 1b.. 8a10. Lambs. spring, per Ib., 13. Live pigs, 3.00a5.00 each; live hogs, perlb., Green fruits—Apples. per basket. 50 Sreen fruits—. 5 . 5 a2.25; per bhl’l’tl.pp:.' 0a6.00. Califor- nia oranges, per crate, 6.00a7.00; Florida, 4.00a4.75. Lemons, per box, 3.00a4.00. Grapefruit, 3.00a4.00. Cran- berries, 5.00a6.00 per one-half barrel. Grapes. California Emperos, 1.75a2.00. Potatoes, No. 1, 2.25 1.00a1 Potatoes, 2.25u2.40; sweet potatoes, 3.7 Southern lettuce, per crate, 1.00al.50; nearby, 50a1.00; Iceberg, 4.00a450. Cabbage. northern. 1.50a1.75 per 100 1bs.; near- by, 1002150 bbl. Tomatoes, half- bushel basket, nearby, 75a2.00. Beans, southern, per basket, 2.50a3.00. Peas, per basket, 3.50a5.50, New York cel- ery, per_crate, washed, 0; in rough, New York, 2. fornia, 6.00a6.50. Peppers, per crate, Kale, per bbl., 75al Spinach, 1 bbl., 1.50a2.00, Home-grown lima bea per qt., 40aé! Lima beans, per basket 2.50a3.25. Southern cucumbers, per .00, Carrots, 100-1b.” sack, round, Squash, 3.00a3.50. Florida, 4.00a5.50. T GRAIN AND PROVISIONS. BALTIMORE, Md, November (Special) Potatoes, white, pounds, 75: 150 pounds, 2.50; sw s and yams, 1.25a3 Z bushel, 1.25a1.40. Bea: lima, bushel, 2.00a4.00. Broccoli, D Brussels sprouts, quart, 20. Cabbage, 100, 4.0026.00. bushel, 35a40. Carrots, Caulifiow crat 1. 4.50a5.50. Eggplant Kale, bushel, 25a30. Lettuce, bushel, 25a75. Onions, 100, 5.00a7.00 Peppers, basket, 30a Pumpkins. 100, 5.00a15.00. Parsnips, basket, 40 450, Spinach, bushel, 40a50. Squash, crate, 3 a4.50. Tomatoes, basket, 50 al Turnips. bushel, 30a40, Apples, packed. barrel, 2.00a4.5 bushel, 50a1.25; loose, 100 pounds, 1.00a1.25; box apples, 1.25a2.50. Cran- barries, barrel, 7.00a11.00. Grapes, basket, 18a24. Grapefruit. box., 2.00 a3.00. Oranges, box, 240a4.50. Pears, bushel, 75a3.25; basket, 25235, Pine- apples, crate, 4.00a5.00. Selling Prices on Graln, Wheat—No. 2 red winter. spot, 1.08%; No. 3 red winter, spot, 1.05 % No. 2 red winter, garlick: mestic, 1.07%; export, 1.063% winter, garlicky, spot. 1.04%4 red winter, garlicky, spot, 1.01%. Sales—Bag lots at 90 and 1.00 per 0 bushels of sample grade . garlicky, damaged. at 1.07. Corn—Cob, new, 4.25 barrel; No. no quotations: track corn, . 2, old or better, 1.15. Bag lots of nearby new white at 92 and 98. Oats—No. 2 white, 52 asked; No. 3 white, new. 51 Rye—Nearby, 75885: new, sked No. 2 rye, spot, Hay—Receipts, 105 tons. The prefer- ence in buying hay is for smail hales in good timothy and light clover, mix. ed, and strictly No. 1 clover, of whic sorts there is no oversupply. Heavy baled hay, however, is freely offered and such has to be discounted for sale. Quotation: = No. 1 timothy, 27.50a 0. 2, 2, 26.50a27.00; No. 3, 1 light clover, mixed, 4.00a25.00; No. 1, .00; No.'1 clov- 25.50a26.00: No. 2, clover, mixed, 24.50 er. 24.00a2500. Straw—No. 1 straight rye, 25.00 per 0. 1 tangled rye. 15.00216.00; No. 1 wheat, 13.00a14. 1 oat, 14.00a15.00. A reduction of 25 cents per barrel on all ci.y-milled brands of flour was announced this morning. DAIRY PRODUCT! BALTIMORE. Md.. November (Special). — Live = poultry — Turkeys, per pound, 30a40; spring chickens, 20; leghorns, 15a18; old hens. 15a20; leg- horns, 15a16; old roosters, 14al5: ducks, 16u21; geese, 20a26; pigeons, pair, 25a30; guinea fowl. each, 35a70. Eggs (loss off)—Native and nearby firsts, dozen, 58; southern, 54ab6. Butter — Creamery, good to fancy, per pound, 50a55; prints, 55a57; near- by creame. 44a46; ladles, '34a3! rolls, 28a32; dairy prints, 28a3; process butter, 38a39; store packed, TODAY'S CHICAGO PRICES, CHICAGO, November 22.—Although wheat showed some declines during initial transactions today, the market soon recovered. Reports of heavy shipments from Russia and of lower quotations at Liverpool were bearish factors at the outset. Good buying support here developed, however, and bulls contended that wheat had intrin- sic value at current prices. The open- ing, which ranged from 3% off to 3% up, with December, 1.023% to 1.02%, and May, 1.08 to 1.08%, was followed by a rally all around to slightly above yesterday's finish. i Predictions of rain or snow gave firmness to corn and oats. After open- ing_unchanged to 3% lower, May, i2% | to 7215, the corn market scored slight | gener: gains. ! Oats started at 1 decline to a shade advance, May, 44%. Later, all months showed a little upturn. i Provisions were easy in line with the hog market. WHEAT— Open. 1.02% High. Close. K 1.087¢ 10 December . . a3y, i May . . 4 July OATS - 43, 4% a3n 11.90 1 CHICAGO LIYE STOCK MARKET. CHICAGO, November 22 (United States Department of Agriculture).— Hogs—Reoelpts, 55,000 head: weak to 10c_lower; buik, good, and choice 200 to 325 pound butchers, 7.00a7.35: top. ! 7.35; better grades, 150 to 190 pound averages, 6.60a6. bulk, packing sows, 6.50a6. slaughter pigs, 25c ; good and cholce, weighty kind, 6.0026.25. Cattle — Receipts, 11,000 head; | rong to 15¢ higher: part load yearl- | ing steers, 12.50; others, 10.00a11.25; | short fed, weight steers, 8.00a9. she stock. strong bulls, stockers and | foeders, fully steady; vealers. 25¢ lower: bulk, 7.50a8.00 to packers. Sheep—Reéceipts, 13.000 head: fat lambs, uneven around steady: bulk. good and choice lambs, 12.00a12.40; top, 12.60; cull natives steady, 9.50a 10.00; fat sheep steady; feeding lambs slow, steady; few medium to good kind, 11.76a12.00. —_— DIVIDENDS DECLARED. NEW YORK, November 22.—The Adams Express Company today de- Clared a quarterly dividend of $1.50, an increase of 25 cents. The American Chain Company to- day declared an initial dividend of $1.50 on common stock, payable Jan- uary 2 to stock of record December 21. The regular dividend of 50 cents on class A stock also was declared. s { against the increased spot sales PRICES ARE STRONG IN'LOGAL MARKET Exchange Trading Small in; Volume—Linotype Gains in Earnings—Notes. A decidedly light volume of t brought out the strongest prices the week on the Wast Stock gton { Exchange this morning. * Transactions were con to public utilities, with lected. Capital Traction the leader of the session, sco advance of half a point to sales involving fifty Washington Railway preferred firmed up at ington Gas Light stock est level at 48 on sales of but ned entirel bonds shar and Electri Wa: Total assets of $29,468 year ende September 30, . 8ain of $2,333,000 over the previous corresponding period, were reported by e Mergenthaler’ Linotype Com- any at the annual meeting of stock- holders in New York ¥ ' . The petition of loc: asking for an extra ment of pér cent the ground it was company does an exten business, which utiliz centage of its capital tomers. Need for a of cash to meet cur ments, In addition to ta dends, was also cited . extra could not properly be declarcd at this time. All the directors of the o were re-elected for the ensuing Immediately after the stock meeting the directors organized follows President. Philip T. Dodge vice president, Ogden Mil vice president and general Norman Dodge; third vice president T. J. Mercer; fourth vice president Conrad A. Hanson: secretary and treasurer, Willlam W. W i aBsist- ant secretary and treasurer, W. C. A Maguire, and auditor, George A Scharffenberger. Gas Lights Report Better, A small increase in earnings of the shington Gas Light Company was Teported for October last, when net corporate income totaled § in contrast with $28,665 for the wor- responding month of last year. Operating revenues of the utility amounted to $409.17%, with expense aggregating § f compare w 5 manager Telephone Dividend Voted. The Americar graph Company regular quarterl per share. Tk made on Tuesda stockholders of record at business on Thursday, Decen Living Costs Advance. Latest figures on the cost of liv by the National Industrial Confere Board reveal an increase in Octo over the preceding month of less t half of 1 per cent. an increase of per cent over July crease of 19.8 pe when th hing con- advanced nt over August. Food prices per cent and clothing prices .6 per cent. : Wage changes for November reveal a greater number of increases since last June. Wage reductions num- bered five and increa 151. The latter were found largely among the railway, street railway and printing Corn huskers in western won their contention for, of from $3 to $10 a day in Omaha negotiations. Readjustment iy, the metal trades fixes wages for cer- tain skilled labor at a new range of $125 to 3150 a week COTTONFUTURES 60 STL HEHER New Marks for Season Made. Before Realizing Sales Slow Up Advance. By the Associated Press. NEW YORK, November was a renewal of yesterday's buvi movement at the opening of the cot- ton market today, which had the en- couragement of relatively firm Liver- pool cables. First prices were 5 1018 points higher, with December selling up to 35.75, making a new high ree- ord for the season. Later months sold up to about the highest points of yesterday. The advance met a great deal of realizing, while there also appeared to be selling here o ported in southern mafkets yester- day. This caused reactions of some 10 or 15 points during the early trad- ing and gave the market rather an unsettled appearance. Liverpool re-' ports the advance there was due to spinners calling and a slightly better spot demand. ’ Prices in New Orleans. NEW ORLEANS, November more favorable opinion of Europea conditions and the stiff Liverpool market put prices higher by 11 to 15 points in the first half hour of trads ing in €otton here today. January rose to 34.85. The usual realizing came from the long side, but the mar- .. ket did not meet an oversupply of contracts Cotto Prices at Noon. W YORK. November otton futures, 11:45 am.: Bids steady. De- cember, 35.23; January, 34.66; Marc 34.88; May, 35.05: July, 34.46. November December, NEW ORLIEAN Noon bids stead January, 34.58: 34.76; July, 34.25. —_— FOREI (Quotations furaished by W. Nomi, E. B. Hibbs & Londou, pound Mont dollar. Paris, franc Brussels, franc. Beriin, mark... Rome. 5 0000141 0000 Prague, crown. 2 Warkaw, mark 0000115 Copenhagen, crown.. 1735 Christiania, crown. Stockholm,’ crown. By the Associated Press. NEW YORK, November 22.—For- eign exchanges easy. Quotations (in» U. 8. dollars): Great Britain, demand, 4.36%; cables, 4.37; 60-day bills oun_ banks, 4.34. France, demand, .0541% cables, .0542. Italy, demand, .0434 cables, .0435. Belgium, demand; .046415; cables, .0465. Germany, de-' mand, -00000000000020; cables, Holland, demand. 2; cables, Norway, demand, .1470; Sweden, Denmark, .1729; Swltzerland, . Spain, ; Qreece, .0186; Polal .00000080; Czechoslovakia, .0291; Jugo; slavia, 13; Austria, .000014; Ru- mania, .0080; Argentina, .3150; Bra- zil, .0890; Montreal, .97 13-16. 4