Evening Star Newspaper, December 7, 1923, Page 28

28 b —— e FURTHER ADVANCES | INSTOCK MARKET President’s Message Still: Factor in Trading—Motor .+ Shares Are Active. BY STUART P. WEST. Spadial Dispatel 1o the Si NEW YORK, December 7.—No check upon the rising movement appeared in ithe stock market today. Public participation after the President's medsuge appeared on the increase, and this showed in/the eager follow- ing attracted whenever individual stegks started up. Motor Shares Active chares, during the greater part of the time, dominated the pro- ceedings. The sensational rise of the previous day in Chandler was the im- mediate incentive. There was no sig cance to the Chandler episode be- und the fact that th Tecord for first selling way out of line as & $6 payer and then all of a sud- den having a violent upward adjust- mest, at dividend time. But it was natural that speculators who had made quick profits in the Chandler move and those, too, who had looked enviously on. should have been very ready to swing into the other motors as they began to o up. This was all there was back of to- day's advance in Studebaker, General Motors, du _Pont. Hudson,' Pierce- Arrow, the Maxwells and the Willys Overlands. The buving was altogether speculative. ' ©il Shares Again Drag. Ol shares were again slow to re- spond to the latest and highly favor- able figures bearing upon cride oil out- put. Early in the day the Pan-Ame ican developed conspicuous weakness. Every time these stocks have a sink- ing spell the depen ity of the dividend comes up for dis This point is_reasonabls made that ctocks paying §8 would not be sell- ing below sixty if the 3§ were safe. The new financing present and pros- pective has not heiped the dividend outlook any. It means 2 further large obligation ahead of the stock Tobacco Products continued its re- miarkable advance 1 this figure it was points f w wa Thursday morning. The stubborn &hort interest in this stock has been a bad i People e to the 3 Motor ion. expianation nec- that as a 6 per omething like ued when it was | o the low 60s Message Again Factor. Today's further advance on the stock exchange undoubtedly could be sct down general recogni- tion of nce of the presi- dential the investment 1y been time Thurs- afternoon for the contents of the ely known and The public came to real- overnight that radical stoud no show in the pres- on of Congress. the Bri with their protec ibuting factor reign trade future. was not In the sto was in foreign better tives, the Mellin's Report Gives Cheer. The cheertul atmosphere of the day was increased by the optimistic note of the Secretary of the Treasury in his annual report. He dwelt upon the favorable features of the 1923 situation — the full employment of labor, the record-breaking railway traffic and building operations. the unparalleled production in the prin- cipal industries, the abundance of credit. He accompanied this summary with the statement that the forces which had been influential in this year's re- vival were likely to continue next year, “at least in considerable de- gree. z Wall Street Features. It any holders of Mathieson Alkali common had been expecting dividends on_this issue, they were diszpvointed today, for only the regular preferrcd and 2 dividend of 1% per cent accu- mulated preferred dividends were authorized Dividends will not be pald on the common until all the arrears on the preferred—which on January kb stood At 7 per cent—have been wiped out. Larnings on the common for first mine months amounted to $7.67 per share, as against $4.67 for the corresponding period of 1922, Utah Secusitiex. Current earnings of Utah Securi- ties are understood to be running close to $5 per share. There has been a moderate advance in the stock recently on the increasing at- tention paid to the earnings position of the company Late Trading Features. features of the late afternoon the clectric shares and the to- baccos. General Electric hud a remarkable upward rush to considerably the nighest of the year, and Westing- house got well above 60 on large transactions. There was nothing, however, to be said about these ad- vances except what is perfectly well - known about the prosperity in the electrical manufacturing business. These companies were entirely unaf- fected by the slowdown and partial slump which others went through last summer. Their situation as regards orders on hand and prospective orders has never before been so bright. MARKET CLOSES STRONG. The - Individual Stocks in Wild Ad- vances in Last Hour. By the Associated Press. NEW YORK., December 7.—Stock prices turned upward in today's market after an early period of irregularity due to selling inspired by the unfavor- able foreign news and a resumption of recent profit taking. records werc astablished session by dividend- hares apd spectaltie mated 1.300,000 shares. The ciosing was strong. Spectacular @dvances in some of the closely held stocks, particularly in General Electric, Fisher Body and Schulte Stores, which Jumped 6 to 10 points, brought about a moderate rally in other sections of the list in the late dealing IDLE WORKERS FEWER EXCEPT IN GERMANY pecial Dispatch to The Star. NEW YORK, December 7.—There is @ decline in unemployment in nearly a1l countries except Germany, says ne Bankers' Trust Company of New ork. The company, basing its facts on a sirvey completed by the Inter- national Federation of Trade Unions, Kives 1,961,667 as_the number of un employed on the European continent. In Geemany the industrial situa- on is declared to be changing for e worse in every branch of indus- Ary, the unemployed there numbering $60,788. The number of unemployed s steadily declining in Austria and taly, while in Belglum there is a Eren revival in industry, and during the aying railroad ies approxi- “rance the economic situation is ighly satisfactory, with only 1,363 nemployed. In Russia unemployment is most @cute among the civil servants, mu- nicipal employes, clothing workers and ynskilled workers, the total out of work in fifty-two towns number- ing 443,000, BUTTER HIGHER TODAY. CHICAGO. December 7.—Butter higher; creamery extros, 53; stand- ards, 50; extra firsts, 49%4a53: firsts, 45144714 seconds, 42%%a43%. Eegh unchanged: .receipts, 2527 —gases. ; -k has a ] g the | Several new high | in! i ! 1 1 i | 1 {Am Canpt. . | Erie . ! Exch'ge Buffet.. | Famous Players 71% FINANCIAL, TH E_EVENING STAR, WA NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Adv Rumley. ... Adv Rumley pf. Alr Reduction Alaska Gold. . .. Alaska Juneau.. 1 Allied Chem 661 Allled Chem pf.. 110% Allis Chalmers.. 43 Am AgrChem.. 117 AmAgChmpf.. 36 Am Bank Note.. 9% Am Beet Sugar. 10 Am Bk Note pf. 524% Am Bosch. .. i Am Brake Shoe. 74l Am Can.. 10815 - 109t 163 14 9% 27 94 274 5% 4 84% 25Y% 1% 17 4% 43 9% T 1 59 9 33 67 % Am Car & Fay Am Chain (A) Am Chicle Co Am Cotton Ol Am Cot Of] pt.. Am Cot O ctfs. .. Am CotOpf ctfs Am Drugglst. Am H & Lea pf. Am Ice. . Am Inte: 5 Am La France.. Am Linseed. . Am Linseed pf.. Am Locomotiv Am Metals. .. Am Radiator. Am Safe Razor. Am Ship & Com. Am Smelting. Am Smeltpr.... 954 Am Snuff... . 1424% Am Steel Fdy... 387 Am Sugar. . 56 Am Sugarpf.... 96% Am Sumatra.. . 18% Am Sumatrapf. 44% AmT & Cable... 40% Am Tel & Teleg. 125% Am Tobacco.... 1474 Am Tobac (B).. 146% Am Tob pf (n).. 103% AmW W% pf. 60 Am Woolen. ... T4% Am Woolen pf.. 101 AmWritPrpf.. 2% Anaconda...... 38% Arnold Constab 14% Asso D Goods... Bi% Assoclated Oil.. 26% Atchison Atchison pf..... Atlan Bir & Atl. 2% Atlan Cst Line.. 117% Atl Fruit stfs. .. Atlantic Gult. At] Guif pt. Atlantic Ref. ... Atl Refining pf. Atlas Powder. Austin Nichols. Auto Knitter. .. “aldwin Loco Baldswin Loc pf. e s URIG Barnesdall (A). Barnet Leath. .. Batopilas Min Rayuk Bro: Beechnut Pack. Beth Steel BKI. Bklyn Rap T fp. Brown Shoe.... Burns Bros (B). Eutte Copper. .. Butte & Super Butterick. Caddo Oil. Calif Pack Calif Petrol. Callahan Zine Canadlan Pac Case Plow Wks. Centras Leatn Cent Leath pr. Cent RR of NJ.. Cerro de Pasco. Chandler Mot... Chesap & Ohio. . Ches & Ohio pf Cht & Alton. Chi& Alton pf... Ch{ & E 111 pf. Chi Grt West. Chi Great W pf. ChiMil&StP.. Chi Mil &St P pt Chi & North Chi & Nwn pf... Chi R 1a Pac... ChR1&?P 6%t Chi R 1&P T%pf- Chile Copper. Chino Copper. CCC&StL. Cluett Peabody. Coca-Coli . Colo Fuel Colo & South. Columbia Gas. - Columbn Carbdon Com Solv (B) . Comp Tabuiat Congoleum Co. ... Cons Cigar. Cons Gas of NY. Cons Textile.... Cont Can Continental. Corn Products. . Cosden & Co. ... Crucible St Cuban-Am Sug. Cuba Cane Sug. Cuba Cane S pt.. Cuban Dom'can. Cuban Dom pf. Cuxamel Fruit.. Davison Chem.. 71 Del & Hudson, .. 109% D Lack & West. 116 Detrolt Edison.. 104% Dome Mines. 19% Douglas Corpn.. 12% DuSS & Atlan.. 2% Dupont (ED). Dupont deb., Eastman Kodak 107% Eaton Axle &8p. Elec Stor Bat. Elk Horn Coal.. Endicott-John. . Endicott-J pf.. . 1464 i 115% 324 214 12 97 A 11 70% 81% 274 16% 109 69 k] 24 454 T 134% 31 6644 81% 13% 54 Erie 1st pf. Erie 2d pf. 21 Famous Play pf. 87% Fidelity F Ins. .. 119 Fifth Ave Bus. 9% Fisher Body 160 Fisher Bot Opf. 98 Fisk Rubber T% Fleishman...... 45% Foundation 67% Freeport Texas. 13% Gen Asphalt Gen Asphalt pf. Gen Cigar. . Gen Electric. Gen Elec spl ‘Gen Motors pf. Gen Mot 6% deb. Gimbel Bros. ... Gimbel Bros pf. Goldwin Corp... Goodrich. . Goodrich Pf..... Goodyear pf.... Gray & Davis.... Gt Northern pf.. Great Nor Ore. Greene-Canan. . Guantana Sug Gult Mo & Nor.. Gulf M & Nor pf. Gulf St Steel.... Harbishaw Cab. Hartman Corp Hayes Wheel. Hendee Mf| Househ'd Prod. . Houston'Oll. Hudson Motor: Hupp Motars. Hydraulic Stl. .. Iliinos Central. 102 11 Cent pf £pd.. 104 11l Central pf... 104% Indiahoma. 24 Inland St 384 Inland St 1013 Inspiration. 25% Interb Rap Tr.. 13% In Ag Chem p*.. 5% Int Cement..... 42% In Combust E... 25% T 81% 48 99 9% 22y 74 41 T4 58% 32% 15 64 14% 62 80% 5 384% 19% Pf.. 40%, 9 W 1 69% 11% 45 5% 104% 109% 1654 231 1257 1495 1484 103% 80 75l 101 2% 384 15% £ 26% 98k 874 24 117% 1 110% 69 % 24 137 B4l T 45t 3% 2% 110 116 104% 19% 45% 674 13% 374 69% 843 192 10% 14% 82 81% 48 99 9% 22% 74 41 ™ 659 2% 15 6% 16 52% 82 % 40% 38Ly 19% 34 62% 27% 22% W 102% 104% 104% 2% 88% 101% 26% 13% 5% 43% 26 8% €% Low. Cluse. 9 83 67 i Int M Marine pf. | Int Nickel 5 {Intl Paper (sta) 14 | Intertype Corp. 1 {Invincible Ofl 68 ' Iron Products. 111% Iron Prod ctfs. . 4% jones Tea...... 1| 31 Kunsas & Gulr.., o9t; Kansas City S.. 30 | Kayser (Julius) 521, | Kelly Spr Tire. . 31 | Kelsey Wheel.. Kennecott. . 67 p 5N | Keystone Tire.. | Kresge (SS).... | Lee T & Rubber. | Lehigh valley. . Lig & Myers. ... {Lima Locomo. Loews Inc | LoftIne. . | Loose-Wiles { Loose-W 2d nf. ! Lorillard (P) | Louis & Nash | McIntyre Por | Mack Truck allinson & Co. Manati Sug p?.. | | Maracatbo Ofl. . ¥ Market prior 5% | Market St R 2d. | Marland O1l. ... Martin-Parry fathison Alkill, Maxwell (A)... Maxwell (B). May Dp Stores. . Met Edison pt.. Mex Seaboard. . Mex Seabe ctfs. Middle St O1. Mid Minn & St L.. { Mo Kan & Tex. . 1Mo K & Tex pt.. Mo Pacific. ..... Mo Pacific pf... Montana Power Monte'y Ward. . ! Moon tors. | Mother Lode Mullins Body. { Nash Motors. h Motors pf. Natl Acme Nat Biscufe. .. .. atl Dept Sto pf. | Nat! Enamel. Natl Lead...... A 1Lead pf.... {Nati Ry of M za. i Nat Supply. . Nevada Copper. N Or Tex & Mex. NY Alr Brake. . N Y Canners.... N Y Central.... Y Chi & StL.. Y Chi & StLpf. NH&Hartfd. NY O & Westrn. I\'\r’ & Western 1‘\‘— West pf.. i North Amer | North Pacific. .. | Nunnally Co. o Fuel Sup.. hom= Prod. |~ i~ 108% 1105 c Gas & Elec. | Paclfic Mail Pan-Am P (B).. Panhandle.. Parrish & Bing. Pennsylvania Penn Seabd Stl.. People’s Gas. ... Peoria & East. . | Pere Marquette. | Pere Marq pt. .. adelphia C: ilip Morris. Phillips Pete. | pierce-Arrow { Pierce Ar pf PierceOll...... Pierce Oil pf. | Pitts Coal. Pitts & W Va. .. Postum Cereal. Pressed Stl Car. Produc & Ref. Pro & Ref ctfs.. Pub Service Fullman Co Punta Alegre Pure Oil. . { Railway Sul Sp. Ry sStl Sprpf... | Kuy Con Copper 1 Reading. .. . | Reading 1st pt.. Reading 2d pt.. Reis Robert pr. Remington..... Replogle Steel Rep Ir & Steel.. | Reynolds Spr... | Rey Tobac (B). Royal Dutch. { Rutland Ry pf.. St Juseph Lead. St L&San Fran.. St L&San Frpf. St L Southwn... i St L South pf... Sears Roebuck. Seneca Copper.. Shattuck-Aris.. Simms Petrol... Simmons. .. Sinclair Ofl Sinclair pf. Skelly Ofi. Sloss-Sheffleld. . So Porto Sugar. South Pacific. .. Southern Rwy.. Spicer Mg Co. St Oll of Calif... Stand Ofi 6t NJ iStoilof NJpf. Sterling Prod. .. Stew'd-Warner. Strombg Carb. . Studebaker. Submarine Bt Superior Ol | Superior Steel. Sweets Coof A. Tenn Copper. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & PC & Oll. Third Avenue ‘Tide Water Ofl. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Trans Cont Ofl.. Transue & Will. Union Bag & P. Union Ol Union Paclfic. .. Union Pac pf. United Fruit. United Ry Inv.. Utd Ry Inv pt. U S Cast I Pipe. USCastIrPpt S Food Prod. . S Hoftman M. Indus Alco.. Realty. . Realty pf. Rubber..... Rub 1st pf.. S Smelt&Ref. U S St U S Steel pf. U 8 Tobacco. Utah Copper.... Utah Securities. Vanadium Corp. 101% | van Raalte. 264 | va-Car Chem... 12:‘: Va-C Chem pf. oot vivadou. 25% 6% | Wabash pf (B).. 14 40% 38 19% 34 62 27% 224% % 102% 1044 1044 2% 38% s s s s s U u u u u u U U Open. High. 2 o 62% 29 10% 62% 49 | = 1114 110% 111% | 597 89% 38% 13% 6564 357 116% 59 89 86% 104% 1% B2% 12% 62% 29 10% [ 49 25% 1 20 36 a2k 94 S4% 3t 295 4 64 227% 6674 19 8% 65 103% 17814 90t 184 894 €6 31% 80 42% 829 454 26 693y 32 32% 34 43% 48% 131, 221 61 414 £3% 55 k14 22% 447, 124 53% 20 112 124 80 554 bi% 68% 32 12% 49% 244 T 50y 33 2% Low. Close. 31 1% 62% 29 10% 524 49 26% 1 19% 86 31% 91 12216 128% | exchange today Indicated that it was 534 19% 112 11% 799 547y 54 68t 32 124 48 23 69% 50 318 12 62% 29 10% [ 4 25% 1 19% 36 azu 94 34% pin 295 14 64 2275 6y 18% 8h 631 103t 173% 904 18 X9 66 30% 80 4% 82% e 4y 86ty 93 134 13 Bia 28% 1% 13 3% 1% 304 Taly. 61 241 25% | 13 98 12 98% 41 261 106% 794 86 15' 17t 104 T34y 224 50% 9% 314 !‘hl 18% 138 % 574 44y 854 11 427 12 61ta 424 22% &3 9 260 214 22 61 41 53% 54% 21 22% 4 19% 112 1% 803 65t 4% 684 a2 124 49 245 18 501 5% 227 20% 3 34% 60 32 113% 7 60% s ¥ 130% 1% 185% 11% 40 5615 83 3% 17% 63% 4% 100% 94% 19 54 63% 17 30% 28% 29% 13% 1% 85% ~33% TRADINGINBONDS | SHONS FRM TONE Upward Pressure on Rails Less Evident—Mexioan Is- sues in Tumble. BY GEORGE T. HUGHES, ! Special Dispateh to The Star. NEW YORK, December 7.—A more cheerful feellug was evident In today's bond market. Inquiries were reported | for the higher grade issues from both | Institutions and private investors, and | ! dealers expressed the opinion that the |immediate outlook was brighter. | The most interesting Incident of the |day was the withdrawal of syndicate | support from the new American Tele- phone and Telegraph debenture Glus. | This actfon came much sooner than { was generally expected, but the bonds | s0ld down only half point trom the issue price, Indicating unusuaily good distribution for so larke an issue. | Meanwhile there was active buying |of the newly issued St. Paul Union | Depot 58 at o new high. § Libertys Hold Firm. In the high grade list there was | no imniediate reficetion of the deve jopments at Washington. Libertys | were about the same including tne [ tax exempt 3%s. The prospect of a | coustitutional amendinent pronibiting {further issue of tax exempt securiting { Was 100 remote to iniluence the pres- ent market. The same was true of {the cutiouk for reduced taxation | In the toreign group ine feature was {snarp oreak xican bonds, in re- POnSe tu reports of a revoiution. Mexi- n as siumped 5 points at the opening and other Mexican issucs were down to 4 less extent. There was a subsequent Litte interest was shown in | uropean _obiigations or in _South ! American issues. It is worthy of com- ment that even the highly specuiative forcign bonds scemed to have become stabilized. ‘Tractions Are Higher. Speculat railroad bonds were fairl steady, but the bidding up of {Drices scemed to be over for the {present. A feature of the traction 1honds was sales at advancing prices |of St. Louis Transit 58, a generally very inactive lssue. Probably tneie was some connection with the interest irecently shown in United Railways of St. Louis 45, which were alsa up on i the day. On the other hand, kness per- d in Chivago Raflway os. Inter- ough Rapid Transit_ obilgations higher, as were Third Avenue refunding 4s. In the industrial group Central Leather o8 were heavy | again. mong the day's new {ssues were |33 0.000 in Philadelphla Suburban Gas and Electric 6s offered at 96 {to vield 6.3 per cent. $3.500,000 in orthern States Power 6s offered at 971y to yield 6.2 per cent, and $3,000,- 000" in Missourl Power and Light 7s offered at 99 FOREIGN EXCHANGE ~ INSHARP BREAK iBritish Election Returns Also Cause Decline on Lon- don Exchange. i { By the Associated H | NEW YORK. December T.—Foreisn loxchange broke sharply at the open- 1!715; of today's market on British elec- !tion returns. Demand sterling broke nearly 4 cents to $4.35, francs slumped 10!; points to loents. Other continental exchanges { vlelded in sympathy. ! Decline in London Alxo. | LONDON, December 7.—The and French stock {disappointed with the election. Home rails sold off 1 to 2 points, and cor- {respcnding decliues were noted In {industrials, ofl sharss. mining stocks aml foreign securities. It was anticipated that a batch of conservative gains would help the situation somewhat, and observers re- marked thecdeclines were not so se- vere as they would have been if a labor government, with its capital ilevy menace, was tmminent —_— i FOREIGN EXCHANGE. | (Quotations furaished by W. L. Hibbs & Co.) | Nomiual Selling checks, gold value today. 45065 4. 1.00 don, pound | Aontreat, dotla franc els, frany Beriin. inark Rowe, lira )} per trillion ‘0451, i Zurich, franc . Athiens, drachmi Madrid, pesets Vienva. crown Budapest, crown. | Stockholm, erown By the Associated Press. NEW YORK, December 7.—Foreign exchanges weak. Quotations (In U. S. dollars): Great Britain—Demand, 4.36%; cables, 4.36%; sixty-day bills on banks, 4.33%. France—Demand, .0532%; cables, .0333. Italy—Demand, 04335 ; caples, .0434. Belglumn—De- mand, .Ui52%: cables, 0463. Germany —Demand, V0000000000025; cables, 00000000000025. Holland — Demand. 3; cables, .3803. Norway, demand, 1495 Sweden, demand, .2632; mark, demand, 17.85; Switzerland, d mand, 17.45; Spain, demand, .130 Greece, demand, .0300; Poland, d .00000030; Czechoslovakia, de- .0292%; Jugoslavia, _demand, Austria, demand, .000014; K mania, demant 005 Argentina, de- SHINGTON, D. C, F RIDAY, DECEMBER 7, 1923. Received by Private Wire Direct te The Star Office. FINANCIAL, lon NEW YORK BONDS STOCK xxmm:l,cl‘ai-“s Pi'oduce and! = Live Stock (Balas are in §1.000.) UNITED STATE® BONDS. (Fractions represent thirty - ssconds. Example: P55:3 means 98 3-32.) Low. Close. Lib3ys 99-27 99-29 Lib 18t 4% 98-8 9f=3 98-10 98-12 98-8 98-9 99-7 99-8 98-9 99-16 99-17 Lib3d4ys. .. Lib 4th 414 . US4%s 1953, 119 FOREIGN. Bales. High. 102% 87'% 97% 96 98Y% 108% 85% 6% 8% 95% 999 101 993 99% 1044 1034 106% 95% 45% 87% 90 91 107% 94 90 95% Low. Close. 102% 102% 87 87% 97% 97% 96% 961 985 98% 108% 108% 85 85 5% T5% 8% T8k 85 95 991 99% 100% 101 995 99% 99 929 104% 104% 103 103 105 105% 95 95% 4% 4d% 871 87T% 89% 89% 93% 94 107% 107% 94 94 90 90 95% 957 94y 95 89'9 964 9214 90 % 98% 93% Argentine 7s Austria 7s Belglum Belgium 6s Belgium 8s Bern 8s. Bolivia §s. Bordeaux 6s. Brazi] 7 Canada 55 1931 Canada 5s 1952. Chile 85 1946 Chile 85 1926 Chile 8s 1941 Chile 7s 1943 Chinese Gov 5 Copenhagen 5%s. . Cuba bksctfs. . Czochoslovakiu 8s. Denmark 8s. Denmark 6s. Dutch EI5%s. ... Dutch East I 6547. Dutch East I 6s'62. Framerican 714s. . French Govt 88 French Govt 7 96%, Holland-Amer 6s. . Ttaly 63;s 1925 Japanese 1st 4 Japanese 2d 4%5s. . Japanese 4s....... Jergen UM 6s'47.. Lyon 6s. . Marseille 6s. Mexico bs Mexico 4s. .. .. ontevideo Ts. Netheriands 6s Norway Ss.... Norway 65 1943. Norway 6s 19 Orient Dev de i Paris-Ly's-Med ¥s. 2 93 80 T6% 76 50% 29 8615 110% 931y 944 B8Y, 0% 104% 100 89 984 £8Y 0% 1054 100y 89 98y 83% 651 Queensland 7s. Queensland 6s. . . . Rio de Jan 85 1947. Sao Paulo State 8s. Seine Dept of 7s. .. Serbs Croats Slo §s 12 . 1103% Swiss C: .. 8 112% JA Kingm 55 '29 103 108% Ud Kingm 5%8'37. 20 100% Uruguay 8s. 1 103% Zurich 8s. . 2 110 MISCELLANEOUS, Am AgrChem Tis 2 97 Am Chain s f 68'33. Am Cotton Ol 55. . Am SmIt&R 1st 5s. Am SmIt&R 6s 10215 Am Sugref6s..... 11 1004 AmT&Teves.... 71 AmT&Tcltros. . AmT&Teltris.. 7 Am T & T deb 545 265 Am Writ Paper 6s. 21 Anaconda cv db 7s. 23 Anaconda Ist 6s Armour & Co 4% Armour of Del 5ls Asso Oil 63 rets. .. Atlantic Refin 5s Bell Tel Pase ... Beth Steel 5158 '55. Beth Steel rf 3. Beth Steel s f 6s Brier BSt1st5 Bklyn Edison 7s D. Bklyn Ed gen 58 Bush T BIdg 55 '60. Calif Pete 6145 w i. Central Leather 5s Cerro de Pasco 5. . Chile Copper 6s. . Commonwth P 6s. . Con Coal Md 1st 5s Cuban-Am Sug Ss. Cuba Cane cv Cuba Cane cv Dery (D G) . Det Edison ref 6s. Donner Steel 7r .. Du Pont de N i34 Duquesne Light 65 Est Cuba Sug 7%s. 31 97 103 861y 108! % 103% 102 90 102% 1007% 97 101 Fisk Rubber 8s. Good: o Goodyear 8s 1941. . 5 100% 9614 93% 79 81 8114 8% 101 Humble O&R 55, fliinots Beil 1st 5s. Int Mer Marine 6s. Int Paper Ist 5s A. Int Paper 1st 55 B. KCP&Lt5sAS2. Kelly-Spring §s Lortilard (F) Magma Manat! Marland Oil 7 s Marland Of! 8s°31. Mexlican Petrol Ss. Midvale Steel 5s ct Montana Power 58 Nat Tube 1st 5s... New Eng Tel 5s... N Y Edsn 1st 613s. NYG EL H&P 8. . NYG EL H&P 4s N Y Tel 65 '41. N Y Tel 6s°'49. NY Tel 4%s. N, Am Edison 6s.. . Nor States Pow 5s. or States Pow 63. Northwst B Te 7s Otis Steel 745 Otls Steel 85 Pacific Gas & El bs Pacific T & T 55 '62 Pan-Am Pete 7s... PhilaCoref 65 A.. Plerce-Arrow §s. . Public Service 5s. Punta Alegre Saks&Cost? Sharon St H 8s. Sinelair Ol 7 Stnclair Ofl 6%s Sin Crude Oll 5%s. Sin Crude OIl 6s Stin Pipe Line 6s South Bell Tel 5s. . So Por Rico Sug 7s. Steel & Tube 7s Sug Est Orient 7s. Tenn Elec Pow 6s. 1R eaAD - Bt mmamamate- 1134 99 101 86 991 9784 110% 96% 81% 103% 105% 92! 90ig 90 100% 1075 94 981 90ty 102% 995, 3% 80 108 104% 99y, 93% 871y 974 mand, .3175; azil, demand, .092, Montreal, .97 29-32. ' FLOUR UNCHANGED. MINNEAPOLIS, December 7.—Flour unchanged; shipments, 52,770 barrels. Bran, 26.00227.00. ‘Wheat, No. 1 porthern, 1.123%al.l4%; December, 1.10%; May, 1.14%; July, 1.15%. Corn, No. 3 yellow, 681za69. Oats, No. 3 { white, 10%a40%. Flax, No. 1, 2.50a 2.54. e 89% 89% 89y 10% 104 10% 18% 18% 18% 17% 16% 17 60 59% 60 110% 110 110% 61% b69% 60% 8% 9 16% 17 28% 23% b4% 67 % % % k) 2% 20% Western Union. Westhse EI&M. Wheeling&L Wheel & LE pt. White Eag Oil ‘White Motor. White Ol White Ofl ct Wickwire. ‘Wilson Co. ‘Willys-Overld. Willys-Overl pf ‘Wisconsin Cent. ‘Worthington. 2% 20% 8l T4% 35 27 13 13 €9% 69% High. Low. Last. Call Money. % 4% 4% HOURLY 8§/ LES OF STOCKS. 1lam.. 760 900 901 800 2% 20% T 2% 3d4% 26 13 69% Toledo Edn 1st 7s. Union Bag & P 6s.. Unit Drugev 8s... U S Rub Istrf 5s.. U S Rubber 7135 USSteelsfis.... Utah Pow & Lt 5s. Va-Car Chem 78 Va-Car Ch 7i%s w. ‘Warner-Sugar 7s West Unlon & Westinghouse 7 Wickwire Spen 7s. Wilson & Co 1st bs Wilson&C cv T%s. ‘Wilson & Co cv 6s. Youngstn S& T 6s. 18 APPLE RECEIPTS LIGHT. Few Price Changes Reported To- day in New York. Bpecial Dispatch to the Star. NEW YORK, December 7.—The fresh receipts of barreled apples from New York and other states were rather light today. However, the mar- ket continued to show no important changes in either the demand or prices with the exception of fancy large-sized greenings, which met a more ready sale. “A" grade 2%;-inch greenings sold from 35 to $6.15- per barrel, depending upon quality and condition, while Baldwins brought from $3.50 to $5.50. -Miscellaneons varieties ranged from $3.50 to $4 per tarrel. _ If & man only had the perseverance of a female book agent he could suc- ceed at almost anything. 98-10 5% | 95% | 17% | 104% 947 | | | { 894 | 92% | Chi & W Ind cn 4s. 90% | CCC&StLref 6s A. 93% | Cleve Term 5o s i i 1 1 | s | |Chi & Alton 38 {Den & Rio G cn 4s. |Int Rap T |N Y Cent gen 3138, | Sou Pacific 45 1929. RAILROADS. ‘Bales. High. 25 87% 2 80% 3 87 81% 27 20 19 24 14 11 Low. Close. 8T BT 80% 80% 86% 87 81% 81% 96% 98% 80% 81 100% 100% 825 82% 83% 83% 78 78 95% 957 6614 6614 87% 67% 87% 112% 111% Atlantic C L 1st 4s. AtlanticCLel 4s. B&O PLE&WYV ds. B&OSWdlviks. 2 B&OToledods... 1 Bklyn-Manhat 6s..188 Buff R&PItt 4%s.. 5 Canadlan North 7s. 16 Canad North 6%s. Canad Pac deb 4 Car Clinch & O 58 Car Clinch & O 68 CentofGa6s. ... Central Pacific 48 Ches & Ohio cv 58 Ches & Ocv 4%s. Ches & O gn 4% s 112% 110%. 8% 92 96% 100% 86% 89% 87% 84% 55 34% 86 9874 7% 51 51 51% 50 55 68% 55 4 106 73% 78 3% 91% 115% 2% 101% 924 95 102% 814% 101 82% 83% 69% 451 841y 62% 10435 bée 5. 34% 86 99 7% 51 51 51% 50% b55% Chl & Alton 2%s. . Chi B&Q gn 45°58. Chi B&Q 1strf 5s.. Chi & E 111 gn 5s. Chl Great West ¢s Chi GrWest 4s (n). C M & Puget Sd 45 ChiMA&StPrf4% Chi M&St Pcv Gs. . Chi M&St P 45 '2 Cht M&S Pev 4 Chli &N W 6%s.. Chi Rys5s........ CMEStPgn4%s ChiR1& Pacrf 4s ChiLn Sta 4%s. . Chi Un Sta 6%s. .. 55 106% 73% 8 8% 115% 2% leve Term 5s.. Colo & Sou 414s. Cuba R R 7% Cuba R R 3s. Del & Hd 1st rf 4s. D& R G st rf bs Det United 4145 Erie 1st con 48 Erle con ext 7s. Srie gen 4s e conv 4s A Erie conv4sB.... e convdsD. ... r Trunk sf db 6s. Gr North gen s Gr North gen 5% Havana ERL&P s Hud & Man ref §s 838, | Hud & Man aj os. 11l Central ref ¢s. . 11l Cent ref 5s'55. . I Central 5%;s. . Int Rap Tran 5s. .. Int Rap Tr 55 stpd. 6s... Int Rap Tran 7s. .. Int & t; Noraj 6s. . Int & G Nor 1st 6s. Iowa Cent rf 4s. | Kan City Term 4s. | Lake Store 4s°31.. Louis & N unf 4s. . Louis & Nash 53s. | Louls & N 55 2003. . #, | Manhat Ry cn ds.. . 961, | Market Sten 5... MIEIRy&L & M&StLrfexds.. MK&TIstds. ... 96% | MK & TprinssA. MK&T6sC. MK & T adj 53. { Mo Pacitic 65 Mo Paclfic gn 4 | Montrl Tm 1st O Tex & M in 58. Y Cen deb 6s. ¢ Cen deb 4s Y Centri3s Y Cent cn 4538, ¥ Cen LS ¢l 3%s. ew Haven ¢ d ts. ew Haven 7s ew Haven 7sfr.. ew York Ry rf 4s rf4sctfs.. ork Ry aj 5s Y State Ry 4125, Y W & Bos 4525, orfolk & W cn 4s. orfolk & W cv 6s. orthern Pac 3s. orthern Pac 4s orthn Pacriés.. Northern Pac 58 D. 1 .183 « - 2 T 24 15 5 IOre & Calif 1at bs. . O Short Lcn 55 '46. Ore Short Liref 4s. 114% | Ore-Wash Ist rf 4s Pennsyl gen 5s. Pennsyl gen 438 Pennsyl 6%s. Pennsy! gold 7s { Pennsyl con 4 % Peoria & E inc 4s Fere Margq 1st 5s. . Pere Mrq 1st 4s'56. Reading gen 4s 981 | Rio G West cl 45. RIATk &L 4% St L IM&S R&G 4s°29. 1 S &34 66% 807 594 £8 73% 98% 76% 78% 1% 59 47% 45 68% 92% 86% 834 95% adj 6s...109 pl6sC Z PP L LR = : 4 San A & Arn P 4 Seab'd A L 4s st Seab'd A Liref ds.. Seab'd A L 2dj b Seab’d A L con 6s Sou Pacfic ref 4s. Sou Pacific clt 4s. . Southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 6%s Southern Ry 6s ct. Third Ave ref 4s. Third Ave adj os. . Tol StL& W 4s... Union Pac 1st 4 Unton Pac 1st né 43 Union Pacev 4s... 11 Unlon Paccv6s... 10 Union Pac 1st rf 55248 Virginia Ry 1st 5. 14 VaRy&Plstss... 2 Wabash 1st 58 11 Western Md 4s.... 47 Western Pacific 55. 18 West Shore 18t 45 Wheel & L E cn 4 62 Whel &LE rf 4%s. 56 TOTAL SALES (Par Value): 1la.m.. 3030000 12 noon 4968000 1pm. 6469000 2p.m.. 7731000 LIVERPOOL COTTON. LIVERPOOL, December 7.—Cotton— Spot, quiet; prices, steady; good mid- dling, 20.22; fully middiing, 19.9: dling, 19.43; low middling, 18.52] good ordinary, 17.42; ordinary, 16.92. 'Sales, 3,000 bales, including 2,300 American. Recelpts, 4,000 bales, including 3,500 & 1014 52% 44 5% g1 824 96% 103 100 94y 87l 96% 587 79% 79 62 b5 12 American. Futures closed steady. De- cember, 20.15; January, 20.22; March, 30.24; May, 20.11; July,'19.69; Septem- ber, 17.04; October, 16.34; December, (1934), 15.83. TODAY'S METAL MARKET. NEW YORK, December 7.—Copper quiet; electrolytic spot and futures, 1314a13%. Tin easier; spot and near- by, 47.75; futures, 47.50. Iron steady; prices unchanged. Lead steady; spot, 7.25a7.50. Zine, qulet; East St. Loui: spot and nearby, 6.25a6.30. Antimony, spot, 8.65a8.7 RATES ON CALL MONEY. NEW _YORK.» December 7.—Call money, fifm; high, 5; low, 414; ruling rate, 4%; closing bid, 5i offered at 5%; last loan, b: call loans against acceptances, 4. Time loans, steady mixed collateral, sixty-ninety day 5; four-six months, 5; prime col mercial paper, b. —_— A French doctor has made sixteen successful transfusions of animal blood into men. 68% 9114 | 6335 | 96% | mid- | LOCAL WHOLESALE MARKET. There has been quite a change in ,the condition of the beef market since last week. The market has ibecome strong and active, demands | belng much greater, and the price has !increased from $1 to $2 a hundred. { There 1s no scarcity of beef, however. | supplies being equal to the demsnd. | The condition of the market{on lambs this morning was reported as being from steady to strong. gup- lies are ample for demands, dealers | sald, and prices are not especially | high. Steady was reportsd of the condi- | tlon of the veal market. There is! the demand for it is falrly actl Eggs—Strictly fresh, selected, c dled. per dozen, 55; average receipts. 56; storage, 35a38. Live poultry—Roosters, per 1b., 16; jturkeys,” per Ib. 38 spring chick: ens. per Ib., 26a27; keats., young, each, 60a70: fowls, per 1b., 24a25 | _Dressed ' poultry — Fresh - killed spring chickens per Ib., 30a32; roast- ers. per 1b.. 28a30; hens, per Ib., 27a28; turkeys. pér”ib., 42a45 keats. young. cach, 80as5: roosters. per Ib.. 20. Game—Rabbits, No. 1, per dozen. 3.00: No 2. 1.25a1.50. Live stock—Calves, choice, per 1b. : medium. per Ib, 11: thin, per Ib. | 8al0. Lambe. spring, per 1b.'13. Live | pigs. 3.0025.00 each; itve hoss, per Ib.. Green fruits—Apples. per basket. 50a 200: per barrel, " 2008600, - Cailfor: nia orange: per crate, 6.00a7.00: Florida, 350a4.50. Lemon box, { 2.50a4.50. " Crapefrufr, 3.00a4 00. Cran- { berries, 5.00a6.00 per one-half bharrel. | Grapes, Callfornia Emperos, 1.75a2.00. Vegetables—Potatoes, No. 1. 225/ ;o Ne 1.00a1.50. Potatoes, round, bag, 2.00a2.25; sweel, Potatoes, 5.5026.00 per bbl. Southern fettuce, “per crate, 1.00a2.00; nearby, 50a100; Iceberg, 4.00a4 60. Cabbage, H ™. 1502200 per 160 Ibs.; near- by. 100a1.50 bbl. Tomatoes half- bushel basket, nearby, 1.00a3.00. Beans, southern. per basket' 200a3.50. Peas, per basket, 350a550. New York cel- ery, per crate, washed. 550a6.00: in rough, New York, 2.50a4.00; Cali- 5.5026.00. Squash, 3.00a3.50. s, per crate, Florida, 2.50 Fegplant, 4.00a5.00. Kale, per bbl . Spinach, per hbl., 2.00a2.50, S ern_cucumbers, per bushel, | Carrots. 100-1b." sack, 2.25a2.50. sprouts, 13a25. GRAIN AND PROVISIO BALTIMORE, Md., December (Special)—Potatoes, white, 100 150 pounds, 1.00a2.50: . barrel, 1.50a 1.5022.00; ° beans beets, 100, 2.00a5.00; : els Sprouts, , 100, 4.00a6.00; rots. 100, 3.00a ; ontons, Brus- pe. Peppers, te, 100, 10.00a15.00; toes, crate, 1.50a5.00. Apples, packed. bbl., 50al.25: box apples, 100 o 6.0046.00; oranges 75a3.25; pineapples, Settling Prices on Grain. Wheat—No. 2 red winter, spot, 11.091%:; No. 3 red winter, spot, 1.0615; No. 2 red winter, garlick spot, do- me 1.09; export, 1.08%; No. 3 red { winter, garlicky, 4 | red winter, gariicky, spot, no quota- tions. les—None. Corn—Cob, {1ow and 3 No. 2 corn. spot, 88; 851y track corn, yellow, No. 90 asked. Sales—None. Oat 0. 2 white, white, new, 52 Rye—Nearby, 75a83: TT4%. l;ayfficccipl.!. 81 tons. There is no life to the demand for hay, and stocks on hand of nearly all descrip- titons are more than sufficient for all trade wants. Under these conditions there is no particular firmness t prices. Low grade and damaged h; is hard to mov. Quotations. 50 per ton ' N No. 3.90a4.00 for yel-| arrel for white 3_corn, spot, 3. new, 1_timot o. 0. 2, 25.50 1 Tight clover 22.00a2 , No. 36a24.00 0. 1 clover, 00, No. 1 straight rve 4 2 tangled No. 1 wheat, 13.00al 14.00215.00. 00 per .~ 15.00216.00; .00; No. 1 oat, DAIRY PRODUCTS. BALTIMORE, December 7 (Spe- ctal).—Live poultry—Turkeys, pound, Z3a40. Young chickens, 26: Leghorns, 20a23. Old hens, 20a27; Leghorns, 202 21. Old roosters, 14al15. Ducks, 13a | 24, Geese, 20a26. Pigeons_ pair }25230. Guinea fowl, each, 35a70. Dressed pouitry—Turkeys, 20a42 chickens, 26a28; old roosters, 16a ducks, 20a25; geese. 20a30. Eggs—Loss off, native and nearby firsts, dozen, 52; southern, 50. Butter—Creamery, good to fan pound, 50a55: prints, 55a57; nearby creamery, 42a46: ladles, 34a35; rolls, 28a32; store packed. 28: dairy prints | 28232 process butter, 39 CHICAGO LIVE STOCK MARKET. CHICAGO, December 7 (United States Department of Agriculture). —Hogs — Receipts, 55,000 head; steady: desirable lightwelght, steady 1o strong; good and choice 220 to 335 pound butchers, 7.00a7.10; top, 7.15; desirable 160 to 200 pound aver- ages. 6.75a6.95; packing sows, 6.50a 6.6 desirable welghty slaughter pigs. 6.00a6.25. l Cattle—Receipts, 5,000 head: active; all claswes strong: bulk steers short fed, 7.25a10.25; yearlings scarce; mixed | steers and heifers averaging $25' pounds lupward to 1125 to outsiders; beef heifers, a7.25; short fed yearlings ind, 8.50a9.00; bologna bulls, 4.40a| i fancy vealers to outsiders, 10.50011.00; light and handy welght vealers to packers, 9.00a9.50. Sheep—Receipts, 1.200 head: active: fat lambs strong to around 15 higher; lothers and sheep steady: good and choloe fat lambs, 12.75a13.25; good to cholce clipped jambs, 11.75; choice medium end handywelght fat ewes, 0; medium to good feeding TODAY’'S CHICAGO PRICES. CHICAGO, December 7.—Speculative selling made wheat average a little |lower in price today during the early trade. Besides, a decided break In foreign exchange tended somewhat to favor the bear side. On the other hand, word was received that Secre- tary Wallaco had made a special re- port to the President giving plans for an export corporation to handle wheat. Opening prices, which varied from % decline to & like advance, with December 1.04% and May 1.10% to 1.10%, was followed by a slight general upturn and then by moderate declines. | Unfavorable weather and smallness of receipts gave firmness to corn and oats. After opening % to % higher, May, 75 to 76%, the corn market con- tinued to rise. = Oats started % to % up, May 46 to 4634a46%, and later showed galns all around. Provisions were higher in the ab- senca of any decided selling pressure. — - Open. High, Low. Close. ki Vot 10515 103% 1.08% 1108 1114 100t 1.08% ro7% 1081 74 % s | 5% 43% ‘38 i RATES ON BAR SILVER. LONDON, December 7.—Bar silver, 331-16 pence per ounce. Money, 15 per cent. Discount rates—Short,'3%a 5§%5-16 per cent; three-month, 3 5-16 per cent. NEW YORK, December 7.—Bar sil- ver, 64%; Mexlcan dollars, 495 BANKERS AROUSED BY TAXATION PLAN Proposal of District Heads to Change .F;*esent Rules” Causes Wjdb Comment." %> “» —e - The local banking world was all abuzz this morning over the recom- mendation of the District C ommis- sioners of a bill to equal ize the taxa- 4 | Plenty first quality veal on hand. and | Y97 oD banks In Washington, which was submitted to Senator Ball yes- terday. Sentiment was equally di- jvided, with each class of institution~ quite naturally, supporting the meas- ure by which it would best benens. Under existing law savings banks are taxed only 4 per cent on gross earnings, less interest paid to depos- itors, while other institutions pay s 6 per cent assessment on gross earn- ings, without exemption clauses. T new recommendation provides that on and after July 1. 192¢ national banks and all other incorporated banks and a L companies their gross ¥ 5 per cent gs, less the | sitors Natlonal banks are unanimous favor of the new bili nker s, term “saving: . as there is 1 fide savings institution where 1 but a savings business is c: in the city. On the oth n actual competitor bank, doing practi ness the natio ed, and for should be placed on terest tax class. banks are graduall upon the ercial ational banks and iness, accord ing tuation. ks, of which t them 1f the proposed le iation goes throug for these instit ] history of the 4 per cent tax |cepted in 1904, declared that District Com- ings institu-* small time the attitude of the foners was that sa tions were h from the poorer as such deserved ideration. then proceeded to point out tr situation had not changed sin to change now ex positl well 1t the propo: proves a fore: the various cia he District it new will provid in District annais. In November vear ago a asrien af bi counters were waged at the District building, when it was propo ik taxation by an increas- ment to 6 per cent on sav- “. fice that such a chan n_irreparable loss While believing that being sub, ed to unju the natic banking ins the mea ald not_agita Guestion. ng that such agitation would pr y react in the nature of an additional levy. Well versed banking authorities predict a c certed action b, both classcs Invoived when the proposed bill is presented to Congress Will Name Officers. The Cred!t Class of Washir apter, American Instit win ominat g tonight. This is the first local chapter has con 3 h that cted such slightly to 98, this figure. rchanged at 48, haler at 152% and 1 of Riggs The bond tively act to utilitie; brought 871, and sold at 94ia, their prevailing le Gas 6w brought 100%, with the 55 o the company unchanged at 93%. PRICES OF COTTON AGAIN IRREGULAR Market Opens Higher on Foreign News, But Runs Into Heavy Selling. nk sold a department was com - with tr confined By the Associated Press. NEW YORK, December ‘The cot- ton market opened steady today at an advance of 30 to 70 points on more en- couraging Liverpool advices, covering and rebuying. Active months sold about 50 to 65 points net higher, with Decem- ber advancing to $5.40 and March to 35.25, but this bulge seemed to attract a_renewal of ecattering liquidation, which gave the market rather an un- settled appearance during the early trading. Private cables from Liver- pool said that the more urgent liquida- tion there appeared to be over and the Liverpool market was considerably bet- ter than due on_ the New York close of yesterday. Trade Interests wers made buyers here at the opening but part of the selling on the advance seemed to ¢ from the south. New Buying Lifts Prices. NEW ORLEANS, December A much higher English market than du was the controiling influence in the carly trading in cotton here today. In the first half hour prices wero raised 58 to 64 points. to 34.57 cents a pound for January. Considerable covering of short contracts was done. New buying appeared to be somewhat restricted be- cause of the census bureau report on ginning, which is due on the opening to- morrow. Noon Bids on Cotton. NEW YORK, December 7.—Cotton tutures, 11:45 a.m. bids: Steady; Janu- ary, 34.75; March, 35.15; May, 35.26; uly, 34.52, NEW ORLEANS, December 7.—Cot- ton futures, noon bids: Steady: Du.- cember, 34.55: January, 34.75; March, 36; M 5 July, 34.39. —_— MAY RAISE AUTO PRICES. Stearns-Knight Report Follows Cut by Another Firm. Special Dispatch to The fa: CLEVELAND, December 7. — Au- nouncement has been made of a con- templated price increase on_four- cylinder models of Stearns-Rmgnt cars. This, coming at the same tims as e cut in prices by another man.- facturer, has aroused considerable interest in_automobile circles here. Officials said October was the big- gest month vet, and that November sales were 50 per cent more than November, 1922, —_— Before You Invest—Investigate, Ever notice that the fellows who trv to get rich quick are always broke?