Evening Star Newspaper, February 1, 1924, Page 28

< FINANCIAL. TEEL SHARES ARE ILEADERS IN STOCKS Southern Railway and Mo- . tors Aiso. Strong—Weak ? Spots-Crop Out. i BY STUART P. W mseial Dispatch to The Star. PNEW YORK, February l—Inde- endent steel shares were more prom- Arent than any other group In the stock markes.- today. ~ Bethlehem Steel, with a’rush across 40, reached he best prices since last 4pring. Undoubtedly there was some gonnection between this and the of- fer ot 7 per cent preferred stock to employes. But more largely it re- flected thic régently published annual feport, showing that the 5 per cent dividend had been more than covered i 1923, and following this ‘the op- Hmistlc expressions in the steel out- 1ok by the Bethiehem Steel chairman. i o fron and Steel. Sloss 17:};51“3:‘1’.‘ Grueibie and Gulf States, all oro strong at best prices so far %achad on this movement. Vanadium which usually Corporation shares, OEPOKS were drawn move with the steels, along. i Motor Stocks Also Strong. Motor stocks contigued strong, al- though there was considerable Gen- éral Motors for sale as it got above 6. Dupont touched a new high, well above 140, and Chandler was strong. The advance extended for a time to Mack Trucks, and Hayes Wheel was Wought again. despite the disappoint- vidend ‘actipn. 3 P aa a met du;_“ !r;r‘sr:ncfis‘ni\l“\zg eclalty type. Allied Chemical w. l’v?d up Zlngl‘;) with the American Lin- seeds, but for no fresh reasons. Co- Jumbia Gas, across 37, stood at a new high. . Interest was revived in East- man Kodak under buying ascriied to investors. Although there has been much talk abemt-dimsolution of the pool In Cast Iron Tipe, the stock had Tun-up. & itea" States Mealts was another feature because of its relatively high yield and the favorable outlook for tho construc jndustry. Fleisch- mann_stock bid up again, an was American Jce, the latter on the usual ground of the mild winter and unfavorable effect this would huve upon competing natural ice supplics. Southern Railway Still Higher. Among the rails the rise in common #cross t the chief incldent. he Western Pactfics were bought, t on account of their own earnings, Which are only sufficient to barel cpver the & per cent on the preferred, but because of the advantage fore- seen from the joint operation of the Denver and Rio Grande. There was some activity at rising prices in Western Maryland second preferred, but Wabash preferred A seemed to run Into @ lot of stock just above 33. After _rallylng somewhat at the start, United States Rubber issues and Kelly Springfield were heavily sold, the latter getting down below 28. ' Their weakness was the more noticeable hecause (of the strength in the motor stocks. ing around that the Kel statement for 1923 would show a con- siderable deficit. i Sterling Exchange Higher. Of the developments favorably af- facting financial sentiment today, the most important were the further in- crease in the federal reserve ratio. the reporting out of the M plan by the ways and me mittee, with its maln featu and the continued recovery In ster- ling_exchange. All these were al- leged as incentives to operations for the rise on the stock exchange. The ability of various copper pro- ducing companies to combine in order to secute economies and a more stable financial basis for oper- ations, has another. side to it, which is regarded as jmportant. The pro- posed merger of Ray Consolidated and Chino Copper is a case in point. The value of such combinations, whenever they are satisfactory to the government, lies in the effect on total copper production. Competi- tion to produce the metal, when the world markets are flooding. 1s les- sened, and the result is helpful to the statistical position. 011 and Motor Gonnip. During the past week another in- crease In the prices of California Crude OIl hus been expected, follow- ing the 25-cent advance of about ten days ago. Of approximately 1,900,000 barrels of crude ofl produced daily in the United States at least 700,000 bar- rels come from California fields. and as in the case of Mid-Continent Ofl, a price increase in that section is ex- tremely important. The growing disposition to look more favorably on the motor group and the leadership of General Motors were features again today. One com- ment made about Chandier was that it was probable that “the first stage of the advance in Chandler may de- velop at the expense of a short in- terest, with production and earnings figures providing a basis for higher prices later on.” The increase in Cadlllac prices was thought to be the forerunner of further increases in the 1ist prices of General Motors models. CLOSE 1S IRREGULAR. th- { for ern Railway Pan-American Issues Lose Two Points in Last Hour. Ty tlie Associated Press. € NEW -YORK, February 1.—Mixed price movements took place in today's active sto®k market. Strength of the steels, tobaccos and certain low-priced oils.and rails were counteracted by the wemkness of Tubbers—and chemicals. Salge approximated-1.100,000 shares, e closing fiféegular. Arerfcan Ca§ touched a record new high at 1233 before yielding to profit-taking in the last hup:y¥FYésh selling also Droke out in the Pan-Amerlcan issues, which dropped about 2 points each. " Subtlety. Pasquino, Tarin, ‘What must T talk about to a lady lease h ’ er beauts!” . nd if she has hon bout the plainness of others.” Y. Stock and Bond Averages. Thursgay. January 31. STOCKS. Total stock ‘sales, 1,312,600~ shares. Twenty industrials averaged 100.63; net galn, .58 High, 1924, 100.75; low, 94.88. Twenty rallroads averaged 84.90; net gain, .26. High, 1924, 86.90; low, §2.74, BONDS. Total bond sales (par value), $12,534,000. 4 Ten first grade rails averaged 86.72; net loss, .18. Ten sccondary rails averaged $4.38; net gain, .12. Ten public utllities averaged 36.83; Ten 93.98; Combined average, 87.98; net loss, .08 Combined-average month ago, 86.76; year ago, 88.11. averaged i o2 il T NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adams Exp (6) .. Adv Rumley. Alr Reduct (4) Ajax Rubber. AlCh & Dye (4). AIC&Dpf (7).. Allis-Ch-Mf (4).. Am Agri Chem. .. Am Agri Chem pf Am Beet Sugar. Am Bosch. Am Can 16) . Am Can pf (7) AmC&F (12) Open. High, Tow. Close. 76% 10% 8% 8la 70% .1 Am Chain A (2) Am Chicle. . . Am For P f pd. Am Hide & Lea... Am Drug Synd. .. Am Hide & L pf.. AmIce (7). . Am Internation. . AmLaFFE (1), Ain Linseed. Am Radlator (4) Am Saf R (50c)., Am Ship & Com... Am Sm & Re (5) AmS &Rt (7). Am Stl Fdys (3) . Am Sugar. .. Am Sumat Tob. ., Am T & Tel (9) Am Tobac (12) . Am Tob B (12) .. Am Tob pf (6) Am Water Wks. . AmW Wopr (4) . Am W W 1st (7) Am Woolen (7). Am Wool pt (7). Am Writ Pap pf.. Anaconda Cop. .. Atn Cons & Co As30 Dry G (5 As DG 2d pf (7). Asso Oil (1%). ., At T&S Fe (6).. Atiantic Frult. tL (7) AtGuift& WI. AtGulf & W Ipt. Atlantic Ref (4) . Atlas Powd (4).. Atlas Tack. . . Austin-Nichols Auto Knitter... Bald Loco (7)... Bald Loc pf (7). Bal & Ohto (5)... Bang & Ar pt (1) Barnet Leather. Burnsdall A. Barnsdall B.. ... Bch Nut (2.40) . Beth Steel (5) . Beth Stl pt (7) Booth Fisherie: Br'k Edison (8 Br k-Man Tran... Butterick Co Caddo Cen 0 & R Cal Packing (6). Cal Pet (1%). Cal Pet pf (7)... Callahan Z Lead. Can Pacific (10). Case Threshing. . Cent Leather Co. Cent Lea Co pf Cent Rib Mills. .. Cerde PasC (4). Chand Mog. (6) .. Ches & Ohio (1) . Chicago & Alton . Chic & Alton pf.. Chic & East 11l Ch & East 11l pf.. Chic Gt West Chic Gt West pf.. Ch Mil & St Paul. Ch Mil & St P pf. Chic & Nohthw Ch & Nwn pt (7 Ch Pneu T (5) Chic R1& Pac CRI&PDE (). Chile Cop (234). Chino Copper. . ... Ciuett, Peab (5). Coca-Cola. (1) Coca-Cola pf ( Colo Fuel & Iron. Colo Southern. .. Col G & E (2.60). Col Carbon (4)... Com Solv B (4) .. Comp Tab R (6). Congoleum (3)... Consol Distrib. Consol Gas ( { Consol Textile. Cont Can (4) Cont Can pf (7) Cont Motors. . Corn PrR (9) Corn Pr R nw wi. Corn Pr R pf (7). Cosden Co. ....... Cosden pf (7)... Crucible Stl (4) .. Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su pf.. Cub Dom Sugar.. Cuyamel Fr (4).. Davidson Chem. . DelL&W (6)... Dome Mines (2). DuPtdeN (8)... DuPdeN db (6) EastK (15%)... Eaton Ax (2.60). El St Bat (15%) Emer Branting. . Bnd-John (5)... End-John pt (7). Erie.... = Erie 15t pf. Erie 2d pf. Famous P1(8). .. Fifth Av B (64c) Fisher Bdy (10). Fisk Rubber. ... ¥isk Rub pfA.. Frchm'n (13%). Freeport-Texas.. Gen AmT C (3) Gen Asphalt Gen Cigar (8) ... Gen Elec (8). ... Gen El spe (60c). Gen Mot (1.20) Gen Mot pt (6 Gen Mot db (€). Gen Refr (4) . Gimrbel Bros. Ginbel Br pf (7) Glidden Co. .. Goldwyn Plet. Goodrich. Goodrich pt (7) Goodyear pf. . G'dyear pr pf (8) Gianby Consol Gray & Davis. } Gt North pf (5) 1Gr Nor Ore (4). Gt West S pf (7). Gr Canan Cop juantan Sugar. Gulf St Stl (4) Habirshaw EIC Hartman Co (4). Hayes Wh'l (3) .. Househ'd Pr (3). Houston Ofl Hud Mot C (3). Hupp Mot C (1) Hydraulic Steel.. Tllinols Cent (7). 1nd Oil & Gas. Indiahoma Ref. . Indian Motorcye. Indian Refining. Inland Stl (2%). Inland Sti pf (7) 1ns Copper (3) Interb Rap Tr. Int Cement (4 Int Com Eng (2) Int Mer Marine. Int Mer Mar pf. Internat Nickel Internat Paper. . IntT&T (6). Invincible Oil. Jowa Central. Iron Prod (1%). Jones 'Bros Tea. Kansas & Gulf. .. Han City South... 17 10% 8% 8% 72% 113% 49% 6% 10% 8% 8% 707 7 10% 784 8% 72 118% 49 16 40% 43% Kayser Jul & Co.. Kelly Spr Tire. ... Kel Sp T pf (6) Kel Sp T p (8) Kenne Cop (3). Keystone T & It Laclede Gas (7). Lee Rub & Tire... Leb Val (315) . Lig & My (12). Lig & My B (12)., Lig& My rts. ... Lima Loco (3).. L.oews Inc (2) Lorillard (12) . Louls & N'sh (6 MelIntyre (1). Mack Trucks Mack T Ist Mack T 2d (7). Mack Cos pf (4). Macy R H & Co Magma Copper. Mallinson & C Manati Sug (5) an El Sup (4) .. Man Ele md gtd. Manhat Shirt (3) Mara Oil Explor. Market St Ry. ... MSRprpf (6).. Market SR 2d pf. Marland Oil. . ... Marlin-Rockwell Mathieson Alkall Maxwell Mot A Maxwell Mot B May Dpt St (5) May Dp S pf (7). Mex Seaboard. . . Mex Seaboard cf. Miami Cop (2). Middle St Oil. Midvale Steel. .. Minn & St Louts. MStP&SSM (4) Mis Kan & Te Mis K & Tex pf. Missouri Pacific., Missour! Pac pt. Mont Power (4 Montgom Ward Maon M (131¢).. Mother Lode (1). Nash Mot (1813) Nat Aome. . Nat Biscult (3) . Nat Cloak & Suit Nat Dept Stores.. Nat En& St (4). Nat Lead (8) Nat Lead pf (7 Nat Ry.M 2d pf. Nat Supply (3) Nev Cons Cop. NOrT&M (1) N Y Air Br (4) NYABrA(4) N Y Central (7). N Y C-Readg rts. ' C&StL (6). C&StL pf (6) 83 6% 3 88% 88% 14 14% 71 ¥ 70% 230 230 224 230 6% 66% 89 17% B7% 97 88% 68 4% 38% 27% 66 88% 3% 18 19 18 234% 6 82u 12% 2% 2 1 12% 95 4al%a 494 106% 104% 2% 2w 78 874 23% 18% 487 18% 5 15 106% 106% 4% 24% 45 45 b4s B3% 3% 2 3% = 18% 18% N Y Ont & Wes! Norfolk South. Norf & W (18 North Amer (2). North Am pf (3) North Pac (5) ... Ohio Bdy & BI. Okla Pr & Re Orpheum (13%) Otis Flevat (8) Otis Steel Otis Steel Owens Bot ( Pacific Coast. Pacific Develop PacG &K (8). Pacific Ol (2). Packard (1.20) Pan Amer (8) . Pan Amer B (5). Parish & Bing. ... Penn Railr'd (3) Penn Seab Stee! Peop Gas Ch (7 Pere Marq (4 Pere Mprpf (5). Phila Co (4) . Phila & R& I wi. Phil Mor (500)., Phillips Pet (2) .. Phillips Pet rts. Plerce-Arrow Blerce-Arrow p! Plerce Ofl. . . Plerce Oil pf. Pitts Coal (4) . Pitts Coal pf (6) Pitts Sti pf (7). Pitts Util (195¢). Pitts & West Va. Postum Cer (4). 100% 100% 10% 10% 2% 58% 434 421 99 5 125 24% us N, . Pullman Co (8) .. Punta Al Su (3). Pure Oil (112) Ry Stl Spg (8) . Ray Cons Cop Reading (4). Reading rts. Read 1st pf. Remington Ty: Rem T 2d pf (2). Replogle Steel. Rep Ir & Steel RepI&Spf (8). ReynoldsSpr (2) Rey Tob B (3). Rey Tob pf (7). Roy D'tch (3.46) Rutland pf.... .. St Jos Lead (12) St L San Fran. St L Sothwest St LS'thpt (5) Santa Cecilia 24% 117% 117% 56% 056 88 38 22% 221 22% 21% 38% 871 601 59% 2% 2% 109% 107% ™% T Seab’d AIr L pf... Sears Roe & Co. Seneca Copper. ... Shell Trad (2.08) Shell Un Ofl (1) .. Simmons Co (1). Simms Pet.. .. Sine Con Ol (2). Skelly Oil. . Sloss-Shef Stl Sloss-Sh pf (7 So P Rico Sugal ! South Pac (6) Southern Ry. South Ry pf (5) .. Sterl Pr (15%) ... Stew't War (10). Str Car (19%) Studebaker (10). Submarine Boat.. Supertor Oll... .. Sweets Co of Am. Tenn C &Ch (1) Texas €O (3) ... Tex G 8 (16%) Texas & Pacific. . Tex & PacC&O. Timken (13%).. 80% 104% 103% 11 10% 3% 2% 9 9 454 44% 63% 63% 4% 22% 13% 125 Tob Prod pf (7) .. Transcont Oll. ... Underwood (3) Un Bag Pa (6) .. Un Pacific (10) .. Un Pacpt (4) ... Un T Car pf (7). United Drug (6). Utd Ry Invest... Utd Ry Invest pf.. USCIP (2).... 42% 1% 60 60 131 131 884y 81 104% 102% 106% 105 USR&Im (8). USR&IPL (7). U S Rubber. USR 1st pf (8)... U S Steel (15%). 1 '\l U S Steel pf (7) €674 | Utah Copper (4). Utah Securities.. 2% | Vanadium Corp.. e 13 |, O Open. High. Low. Clese: B4l Bd% 83% 8 108% 108%108%. « b . Mot (4) - s ‘White ) HE EVENING STAR, WASHINGTON, D. ¢, FRIDAY, FEB [s5ev voxx BONDS o s \BOND QUOTATIONS ARE AGAIN STRONG New -York Central lssues|xi Among Leaders—0il Bonds More Active Today. . by Private Wire (Bales are in §1,000.) UNITED STATES BONDS. Fractions _repragent _thirty - secon X Example: 363 means 98 3-32.) Bales. High. Close. 11 99-9 93 99~ oo ds. Low. 99-9 99-12 T 557 '99-18 90-15 Lib 4th 4%s.. 857 9 s UB4%s1953. 890 100-13 100-10 100-12 FOREIGN. Sales. High. Clows. 01 BY GEORGE T. 101% Bpecial Dispatch to The Star. = NEW YORK, February 1.—Today's bond market was strong again un- der both investment and speculative buying of selected issues. In particu- lar cases the advance encouraged profit taking which at times gave the appearance of iregularity, but the main tendency was upward. The federal reserve statement showing a new high reserve ratio With its evi- dence of continued ease In money un- doubtedly was a factor in the bond market. The feature In the outside trading was the inquiry for New York Cen- HUGHES, Canada 6s 1931 Canada bs 1962 4 | Canad Pac deb RUARY 1, 1924. Direct to The Star Office. RAILROADS. Close. Ann Arbor 4 57% Atchison gen 45 #8 Atchison adj s Atlantic CL1st 4; AtlanticCLcl 4s B&oprinius 16 26 ‘Bklyn-Manhat 6s..127 Buff R&Pitt 4% 7 Canadian North7s 1 Canad North 3. Car Clinch & O 6s. Cent of Ga Central Pacific Ches & Ohlo cv Ches& Ocv 4% Ches & Ogn 4% Chi & Alton 3s. Chi & Alton 3%, Chi B&Q gn 4558, Chi B&Q 18t rf bs. Chi & E 11l gn 6 Chi Great West 4 Chi GrWest 4s (n). Chi M &St Prf 434s 26 Chi M&St Pcv 6s.. 9 101% 87 92 91 86% 58% 34% 87 98% 78 53% 53% 56% Copenhagen Cuba 6%s ctfs. Czechoslovakin tral 6s. The buying in this issue was classed by dealers as ‘“very g00d.” These bonds are unsecured debentures, but are convertible into New York Central stock up to May 1, 1925, at the rate of $100 in stock, for $105 in bonds. The bonds are edeemable at 110, In railroad bonds of a lower grade Seaboard Air Line first 4s jumped more than 3 points, with some ‘subse- quent reaction. . This Is the best secured of the ac- | Haitl 6s. tive Seaboard issues and today's | Holland-Amer 6 price was a new high for the year, . but still to give a yleld of around | fapanese Ist 4%s. 7 per cent. eat Northern 7s was|Japanese 2d 4%s.. another strong issue, while the s vere firm at their recent high. In voth these Instances investment buy- ing has been attracted by the evi- dencos of recovery In the Great Northern and the yield of from 5% to 6 per cent the Londs offer at the market. Erfe prior lien 4s advanced a half point and Wheeling and Lake |} Erie 4125 made a new high. Ofl Bonds More Active. The better grade of oil bonds was the feature among the industrials, in warticular California Petroleum 6%:s. International Mercantile Marine 6 ran up nearly a point. Third Avenue refunding 45 were strong among tractions gnd there was @ better market for Interborough 7 per cent th Power Cor- 1d at the high of the Framerican 7 French Govt French Govt 7% Norway 63 1952. .. Orlent Dev deb 63 Paris-Ly's-Med 63 Prague 7% Queensland 7s Queensland 6s.... Rio de Jan 85 1946. Rlo de Jan 8s 1947. Sao Paulo City 8s. Sao Paulo State 8s. 24 Seine Dept of 7s... 21 rbs Croats Slo 8:408° z:’,a 2 115% 63% Ud Kingm 5%s ‘29 109 Ud Kingm 6%s°37.117 100% Uruguay 8s. . 1102% 1 MISCELLANEOUS, Ajax Rubber 8s. .. 94! Am AgrChem T%s 100% Am Chain s f 65'33. 96 Am Cotton Oil 6s. . Am SmIt&R 1st bs. In the foreign group the Jugoslav |s 8s, continuing thelr spectacular rise of the past three days. made a new Ligh, & point and a half above Thurs- day’s closing price under heavy trad- ing. Profit taking brought about a small reaction afterward. Fre bonds were firmer today, as were the United Kingdom 535 of 1937. Negotiations for the expected Jap- anese loan are reported progressing favorably. Estimates of the amount of the new financing for Japan range from $50,000,000 to $100,000,000. -— BRITISH ENVOY TO U. S. CONFERS ON NEW POST Visits Foreign Office Upon Reach- ing London—On Progrant With Kellogg Tonight. ted Pres: - LONDON. February Sir _Esme Howard, the newly appointed British ambassador to the United States, ar- rived from Madrid this afternoon and went to the foreign office, where he dis- cussed with undersecretaries matters relating to his new post. Sir Esme asked to be excused from making any public statement, prefer- ring to reserve whatever he has to say concerning Anglo-American rela- tions until tonlght, when, with Frank 4| B. Kellogg, the American ambassador, and Premier Macdonald, he will ad- dress the Pilgrims’ banquet. GOES AS LEAGUE MEMBER Marquis de Magaz to B.epresent. Spain at Geneva. MADRID, February 1—Admiral member of the ctorate, the governing Spain. will leave today for to take part in deliberations of the league of natious. The marquis today received Instructions from the directorate, which he will represent in the name of Spain at all the meetings held in Geneva. unt Quinones de Leon has been the Spanish member of the council of the Jeague of nations. The above dis- patch would indicate that he has been supplanted by the Marquls de Magaz. 17 Am T & Tdeb5%s Anaconda cv db 7s. Anaconda 1st 63 Armour & Co 4%s Armour of Del 5%s Asso Oll és ret. Barnsdallaf & Bell Tel Pa 5: o Beth Steel 538 '53. Beth Steel rf 53. Beth Steel pm bs. . Beth Steel s f 6s. Brier H St 1st 532 Bklyn Edison 7s D. Bklyn Ed gen 5s... Bush T Bldg 55’60 By the Assoc Cerro de Pasco §s Chile Copper §s... Commonwth P 6s. Con Coal Md 1st 53 Cuban-Am Sug 8 Cuba.Cane cvd Cuba Cane cv 75 '30 Dery (DG) 7s.. Det Edison ref 6s. Donner Steel - Du Pontde N (%s. { Laquesne Light 63 | Est Cuba Sug 7%s. | Empire G&F 7%s. Gen Elec deb Soodrich 61is. . { Goodyear 85 1931.. | Goodyear 8s 1941. Hershey 65 1942 Humble O&R 5%s. (llinois Bell 1st 6s Int Mer Marine 6s. Int Paper 1st 5s A. Int Paper 1st 6s B. KCP &Lt 68 A b < e Kelly-Spring 8s. FOREIGN EXCHANGE. , | Lackawa, 8 5750 tions furnished by W. B. Hibbs & Co.) { Liggett & Myrs 6s. Sig Selling checks | Lorillard (P) & foday. Magma Cop cv s Manati Sug sf 738 ! Marland O11 7% Mexican Petrol 8s. Midvale Steel bs. i Montana Power 58 Morrs&Co 1st 4% New Eng Tel 68 N Y Edsn 18t 6%, N Y Tel 68 '41..... NY Tel 68'49..... NY Tel 4%s. N Am Edison 6s. .. { Nor States Pow bs. Nor States Pow 6 Northwst B Te o £3a 212 ) @ SaboendolBuvan ' London Paris | Brussel 2% | 17% 56% | Rerlin . 38 Rome . Madrid . Zarich Athent Vieon Buday 04 230 trillion 04373, 22% wnoBatiald Copenhagen Christiania Btockholm Amsterdam Belgrade Montreal By the Associated Pres: NEW YORK, February 1. 100% ‘ 9214 92 9974 95% 94 c| s, firm. Quotations (in 'U.|Pacific Gas & El 5= e Pac Tel & Tel 5s. .G = q % |S. dollars): Great Britain—Demand, | Pac Tel & el 14.331; cables, 4.33%; sixty-day bills | PARS00 L 00 612 on banks, 4.31'%i. France—Demand, | ppj] & Rdg C&I 5s. .0472; cables, .04721;. Italy—Demand, | Phila Co 5%! 38 .0487; cables, .04371%. Belglum—De- | phila Co ref mand, .0417%; cables, .0418. Germany | pjerce-Arrow —Demand, .00000000000023 cables, | pjerce Oll deb 8s.. 00000000000023. Holland — Demand, | producers & Rf 83. % | 3758. Norway—Demand, .1352. Swe- | pyplic Service 5. den—Demand, .2631. Denmark—De- | punta Alegre 7s. mand, .1628. Switzerland—Demand, | 5inciair OlL 11740, Spaln—Demand, .1284. Greece 8% | —Demand, .0177. Poland—Demand, 200000011, Czechoslovakla—Demand, [0289%. Jugoslavia—Demand, .0116%. Austria—Demand, .000014 1-16. Ru- mania—Demand, .005135. Argentina— Demand, .3300. Brazil—Demand, .1170. Tokio—Demand, Montreal, .97 3-32. - 80% 104 | 11 34 2% °9 5 44% | Wabash pt B. 63% | wald Sys (1%4) 23% | Wells Far (21¢). 13% | West El pf (7 Rico Sug 78 Zz.fi?.'w.sz Bell 55.119 Steel & Tube 78, l9 25% 15% 16% 35% 35% 113% 114 58% 60% 111% 111% 9% 94% 63! 115 | West Pac pf (6 5% | West Un Tel (7). West Air Br (6). 42% | West E& M (4) 60 | Wheel & L Erle. 131 1& L Er pt. 2% Eag Oll (2) ‘Unlon §%! et muhouse 78 wickwire Spen 7 Wilson & Co 18t 6 Wilson&C v 7% wilson & Cocv Youngstn S&T6s. 82 96% —_— Adding Insult to Injury: From the New York Sun. 89%| A well dressed portly woman had 11% 11% 113% boarded the train at the last ute 69 €8% 69 iang Inadvertently taken a seat in the' 1o prefe: stock. 'smoking car. i e abere o in a few moments & man directly Geclarations. ‘behind began filling his pipe and tra “or special | gnortly tobacco smoke pervaded the High. Low. Last, 84% | white Oll. . 10% | wickwire Sp Stl.. 39 |wileon&Co...... land. Wright Aerd (1), 11% Youngst S&T (5). 68% Partly trag §Payable 13% Ditidend rates e given are the annual cash paymen 19 o 22% 4 she ‘announced in 2. stern @ % 4% smoking always makes me sick.’ HOURLY SALES OF STOCKS. |” The oftender puffed contentedly and 2pm Gea? Well, that's : Taie m orte S 280 400 | Lavice, madam, and ive it uns 7 Call Money. 13 m. % 9 1 5 | Southern Ry 6s ct. 176 6% | Chi M&St P 4828 Chi M&S P ov 43 Chi M&Gt P 45 '34. 76% bT% 71 T9% b4 1 ‘171‘ ChiIRI& Plcrfds 1% Chi TH & SE 5s. Chi Un Sta 4%s Chi Un Sta 6%s. Chi & W Ind cn Cleve Term 5% Cleve Term 6. 97% 2 E2 84 B86% 99% 69% 834 39% 65% 105% 66% 54% 64% 103% 12% i 1073 99 Del & Hd 1st rf 4s. Del & Hudson § Den & Rio G cr Erie conv 4s B. Erfe convds D. Havana ERL&P 63 Hud & Man ref bs. . Hud & Man aj bs. .. 111 Central ref 4s. 111 Central 5%s Int Rap Tran Gs. .. Int Rap Tr 65 stpd. Int Rap Trarn Kansas City S 3 Kanses City S bs. Kan City Term 4. Lake Shore 4s'28 Lake Shore 45 '31 Lehigh Valley 6és Loufs & N uni 4s... Louis & Nash 5%s. Louls & N 65 2003. . Manhat Ry cn 4 65% Northern Pac 4s.., Northn Pacr 1 65 Norzhern Pac 63 D. Ore & Calif 1st 58 O Short Licn bs Ore Short L re jOre-Wash 1st rf 4s Pennsyl gen bs. Pennsyl 6%s. 9915 102% e 93% s, Fere Marq st §s. { Reading gen 4s.: teading gn 4 %swi Rio G Westcl 4s RIArk & L4%s St L IM&S R&G 4s. z = ) kil L] 28 ¢l ol 3 o o o PouupReRRRe ] ®Pddununan Sou Pacific 45 1929, 24 Sou Pacflo ret 4 5 Sou Facificclt4s.. 7 Southern Ry ist 68 39 Southern Ry gn 4s. 38 Southern Ry 6% 1 3% 87 0% 71 103% Y% Third Averef4s... 1 Third Ave adj 28 Tol StL& W3%s. 2 Union Pac 1st 4s... 1 {Union Paclstrt4s 3 Cniop Paccv4s... 23 Union Paccvés... 4 Unfon Pac 1st rf bs 12 virginia Ry 1st5s. 18 VaRy&P1stbs... 5 Wabash 18t bi Western Md Wisconssn Cent 4s. TOTAL SALES (Par Value): 1lam.. 4178000 12noon 7313000 1p.m.. 9054000 2p.m.. 10609 000 HUNGARY PREMIER FACES TEST ON FISCAL ISSUES Count Bethlen' to Fight for Pro- gram Upon Which League Loan Is Based. % By the Assoclated Press. BUDAPEST, February 1.—While the government was able to muster a large majority for the defeat of a % 98y 1 15 52% | 1y | tho FINANCI Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, selected, can- jdled, per dozen, 40; average recelipts, 38: storage, 26a27. Live poultry—Roosters, per 1b., 17; turkeys, per Ib., 25a30; spring chick- ens, per lIb., 26a26; keats, young, each, 60a70; fowls, per Ib., 23. Dressed jpoultry — Fresh killed spring chickens, per 1b., 32a35; roast- ers, per 1b., 30a32; hens, per lb., 26a27; turkeys, per 1b., 30a35; keats, young, each, 80a85; roosters, per 1b., 20. Game—Rabbits, No. 1, per dozen, 3.0023.60; No. 2, 1.2521.50. |, Live stock—Caives, choice, per 1b., !14; medium, per 1b, 12a13; thin, per .. 8a10. Lambs, spring, per Ib., 13. ‘I;Ivelhplg’u. 3.00a5.00 each; live hogs, er . Green frults—Apples, per basket, 50a2. box, 1.50a3.00; per barrel, Californla orange per 3.50a5.25; Florida, 3.00a4.25. Lemons, per box, 3.00a3.50. fruit, 3.00a3.50. Cranberries, 4.50a5.50 per one-half barrel. Grapes, Califor- nia, Emperos, 1.50a2.50. Vegetables—Potatoes, nearby, barrel, No. 1, 2.50a3.00; No. 2, 1 2.00. Potatoes, round, per bag, 2.75a 3.25; sweet potatoes, 4.5026.00 per barrel. Southern letfuce, per crate, 1.00a2.00; Iceberg, 3.00a3.50. Cabbage, northern, 2.00a2.50 per 100 1bs ; Flori- da, 2.00a2.25 basket: nearby, 1.00al.50 barrel. Tomatoes, Florida, 3.00a5.00. Beans, southern, per basket, Peas, per basket, 4.00a8.00. Florlda, 2.75a3.00. Squash, 3.00a4.00. Peppers, per crate, Florlda, 2.50a3.00. Eggplant, 4.00a6.00. Kale, per barrel, 5a200. ' Spinach, per barrel, 5.50a 6.00. Southern cucumbers, per bushel. 3.00a6.00, Carrots, 100-1b. sack, 3.25. Brussels sprouts, 25a30. 2.00a6.00. crate, per a GRAIN AND PROVISIONS. BALTIMORE, February 1 (Special —Potatoes, white, 100 pounds, 90a 12.00; 160 pounds, 1.50a3.00; sweets and | yams, barrel, 2.00a6.50; bushel, 1.75a 2.60. ' Beets, 100, 4.00a6.00. Beans, {bushel, 3.5024.00. Broccoli and kale | bushel, 25a30. Brussels sprouts, 16220 | Cabbage, 100, 4.0046,00. Savoy, bushel, 40a50. Carrots, 3.00a3.25. ' Celery, crate, 1.50a Cucunibers, crate, 5.00ai.00. Eggplants, crate, 2.50a3.50: lettuce, basket, 1.00a1.75; onions, 100 pounds, 11.50a2.75; parsnips, basket, 50a60; peas, hampe; 5.00a7.01 peppers, crate, spinach, bushel, 2.00a2.25; squash, crate, 2.0023.00; to matoes, 1.50a3.50; turnips, bushel, barrel, 50a1.50; box apples, cranberries, barrel, 00; hox, 1.75u3.00; oranges, ; pincapples, crate, 3.00a4.50; crries, quart, 42%adb. Settling Prices on Gratn, 2 red winter, spot, inter, spot, no quo. No. 2 winter, garlicky domestic, 1.14%; export, no quota- i No. 3 red winter, garlicky, spot, uotations; No. 4 red winter, gar- , 5pot, no quotations. Sales—None. Corn—Cob, new, 4.35 and 4.49 for vellow and 4.20a4.25 per barrel for White; No. 2 corn, spot, 80%; No. 3 corn, spot, §7; track corn, yellow, No. 3, new, 90'and 91. Sales—None. ats—No. 2 white, 2 white, new, 55%a5 s Rye—Nearb; a8s 1 5. Hay—Recelpts, 64 tons. The local hay ‘market is steady for the better grades of timothy, light clover mixed and could be greatly improved. Poor grades of damaged hay are hard to move at any price. i, Quotatio o. 1 28,0/ 57 and 57%: No. . 2 rye, spot, per ton 24.50a25.00. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 15.00 00; No. 1’ wheat, 16.00; No. 1 oat, 0a18.00. DAIRY PRODUCTS. | BALTIMORE, February 1 (Special). —Live poultry—Turkeyg, pound, 18a young chickens, 20a%%; leghorns, , 20a28; guinea — Turkeys, pound, 18a31; 24a28; ducks, 25a2si old roosters, 16; geese, 15a22; capons, 25a36. , Eggs (loss off)—Native and nearby firsts, dozen, 37; southern, 36. Butter — Creamery, good to fancy pound, 43a54: prints, 54a56. mnearb éreamery, 6 30a32; rolls 30; store packed. 26; dairy prints, 25a30; process butter; 38, CHICAGO LIVE STOCK MARKET. CHICAGO, February 1 (United % States Department of Agriculture).— Hogs—Receipts, 47,000 head; good and choice 225 to 300 pound butch- ers, 7.10a7. 7.15; desirable 160 to packing siaughter pigs, unchanged; strongwelght, 5.50a 5.76; big packers talking lower. Cattle—Receipts, 7,000 head; slow; beef steers, weak; fed sters, 7.50a 9.50; top vearlings, 10.50;° fat she- stock, weak to 25 lower; canners and cutters and bulls, 10 to 15 off; veal calves, uneven, 10.50a11.00 to pack- ers; outsiders buying sparingly at 12.00 downward; stockers and feed- ers, steady to weak. |, Sheep—Receipts, 9,000 head; ac- tive: fat lambs, strong: sheep and feeding lambs, steady; bulk fat wooled lambs, 13.50a14.15; one deck to city butchers, 14.40; good fat ewes, 8.00; feeding lambs, upward to 13.50. Butter Prices Lower. A %; stang cadd; firs 4719a48; seconds, 46a47. ek Eggs—Higher; receipts firsts, 40; ordinary firs frigerator firsts, T TODAY'S CHICAGO PRICES. CHICAGO, February 1.—Wheat to- day scurgd a new high record for the season, September delivery rising to 1.10% soon after the opening. Unfa. vorable weather conditions emphasiz- g fear of crop damage acted as the chiet bullish influence. Trading was on a liberal scale, With offerings well absorbed. Initial prices, which ranged from 3 decline to % ‘advance, 6,296 cases; " 36a37; re- May, 1.11% to 1.11%, and July, 1.10 to | 1.10%, were followed by moderate sains all around. ‘orn and oats were firm in sympa- thy with wheat. After opening un- changed to % higher, May 787 to 80, the corn market sagged a little and then made a generai upturm. Outs started at 3 off to 15 advance, May 491; and later held near to the ini- tial range. Provisions lacked support. WHEAT Open. Higl I 4 112 | o Close. 111y 1101 110y 803 801y 803, i3l | Neptember - COX May July September OATS— motion to dissolve the assembly yes- |2 terdsy, 1t is consldered. doubtful whether Premier Count Bethlen wiil be able to drive through the present assembly those measures upon which | the proposed league of nations’ loan | is conditioned. The bills are intended |} to check currency inflation, establish a bank ‘of issue and for rafsing an internal loan. Count Apponyi is fighting the loan as salling Hungary's birthright and destroying the chance of using pres- ent international complications to bring about a recovery of the state. o . A Possible Reason, From the Kansas City Star. “Why do you ks call this'the “Wonder state? " asked a motorist in the Ozarks. don’t_preoisely know,” replied a native, with a certain sense humor. “But I reckon mebby it's like the great Egyptian wonder that was in the side show over at Tum- linville last month—when you seed the E; wonder you wondered Bgyptians wondered a » ASKS GERMAN RELIEF. An appeal to “all Protestants in America” to help in the relief of the children of Germany wae issued to- day in the form of a call to 125,000 [pastors by the committee on mercy and rellef of the Federal Council of Churches. Prayers at all public religlous serv- fces are asked, and offerings for the rellef of the suffering in Germany in every church and Sunday school are roquested. The pastors aiso are urged to encourage individual laymen to make personaj contributions to the relief fund, which, unless the gifts are otherwise designated, will be ex- pended througls Protestant agencics in Germany, AL, L IMELLON TAX PLAN URGED BY BANKERS tLeague Head Seeks Support for Measure—Active Day on Local Exchange. In a statement issued from tho headquarters of the American Bank- ers’ League today, President Charles de B. Clalborne calls upon both borrowers and lenders of the nation, “the men who plan and the men who toil,” to support the Mellon rates in the tax reduction legislation now be- tore Congress. “It is the man who borrows who pays the surtax and every other tax of the lender, and it is the man who tolls that suffers most from fdic capital” said Mr. Claiborne. “An idle dollar means an idle man, and the man must eat to live. The Gar- ner plan {s & bread-liiné plan and the Mellon plan & nation bullder,” b said. “It is fortunate for the nation that Congress must squarely face the two plans, and {t will test the capacity o the country for self-government continued the bank organization head, referring to the press reports that the House wavs and means com- mittee would bring out the Mellon und Garner lates a majority minority report. “We invite the bor- rowers of the country and those wh are employed in productive enter- prises to join with the bankers of the nation th k ers’ Leag! business fight for the At a bank conferen league here last m twenty-nine states were repre: the Mellon plan was unanimousl dorsed, and a committee of seven members from the league appeare before the House ways and mean committee, filing written approval the Treasury Secretary's rates, Note Circulation Declines. Further declines In federal re note circulation and in_total ear assets, amounting to § $22,800,000, respectively, of '$8,700,000 in cash re $27.200,000 in_deposit shown 'in the Federal T weekly consolidated statement of con dition of the federal reserve bas at the close of business January 1924, The reser fro 80.4 to 51.3 per cent during the week Holdings of bills discounted clined by 8,300,000 during week, the New York m :'?15 a reduction of $20,4 $4,300,000, respec- An increase of $11,100,000 in discounted bills is shown for Boe- ton; of $4,300,000 for San Francisco, and of $3,700,000 for Philadelphia. Paper secured by ,government obl gations declined during the weelk from $272,900.000 to_$253.300,000. Of $147,900,000 was se- cured by ty and other United States bonds, $101,600,000 by Treas- ury notes and $9,800,000 by certifi- cates of indebtednes: Steamboat Stock Advances, Norfolk and Washington Steamboat Company gained 2 polnts on thr Washington Stock Exchange this morning, closing at 218, Twenty shares were sold notype Company re- Previous strength 1 of 96% was le of three shares. ilway preferred A sale of $1,000 Wardman Park Ho- el at 101 was the only bond ac- Banker Changes Positions. James P. Casbarian, formerly cash- fer of the Potomac Trust Company, is now affiliated with the International Exchange Bank as paying teller. Stockholders to Meet. A meeting of stockholders of the Washington ~ Auditorium__ Corporati will be held at the New Willard Hotel on February 8, it was announced to- day by Col. Robert N. Harper, presi- dent. Treasury Notes to Be Redeemed. ! TImmediate redemption of the two | issues of. Treasury certificates of in- debtedness maturing March 15 next was authorized last night by Secre- j tary Mellon. The two issues, one { dated March 15, 3, and the other { September 15, 1 aggregate ap- proximately $400,000,000. { e ] : WALL STREET. NOTES. U. S. Food Products to Form New Company—Stock Sold. NEW YORK, February 1—Revised plans for the reorganization of the United States Food Products Com- pany are said to provide for forma- tion of a new company, with 200,000 shares of par value common stock, 110,000 shares of preferred stock with preferential dividends of $7 a share annuall: and $3.200 six-year con- vertible 7 per cent notes. Present stockholders, it is understood, wili be offered rights to subscribe to the new common stock and notes. The entire issue of $26,800,000 com \mon_stock of the New York Cent | Railroad Company. offered for su scription to _stockholders, taken up when the sale closed la: night, officials of the road reporte The new stock will share with the old.in distribution of the 600.009 rights to purchase stock in the Read- ing Coal Company. Directors of the Cumbe: Line Company, by declaration of a quarterly dividend, again ha the common stock om a 31 basis—the rate in effect before pa. | ment of a 100 per cent stock divide in 1922 ‘Last year dividend disburss- ments were made at the rate of $2. { quarterly AT, S DRY GOODS VERY QUIET. NEW YORK, February 1 (Spectal). Trading was light in the lecal cot- ton goods markets today, both for gray goods and sheetings. Prices were practically unchanged. Print cloths again were quoted at 10 cents for 64 by 60 and 12 cents for 68 by 72, Light business in the raw silk rkets brought reductions of 215 to 5 cents a pound. TODAY'S COTTON PRICES. NEW YORK, February 1.—Cotton futures opened steady; March, : May, 34.00; July, 32.70; October, December, 27.60. NEW ORLEANS, February 1.—Cot- ton_futures, noon. bids stead, M 33.43: July. 42, + December, 27.10. nd Plpe tober, 27. NEW YORK, February 1.—Cotton futures, 11:45 a.m. blds March, 33.56; May, 33.88; July, 32.65: October, 28.17 asked; December, 27.65. NEW ORLEAN: 1.—Cot- ton futures, noon, bids steady, March, 33.68; May, 33.42; July, 32.48; October, 27.62; December, 27.22. cond Childhood. From the St. Louis Star. The inspector was paying his monthly visit to the village school He examined the children in read- ing and general knowledge as was his vustom, and was very much pleased with the answers he received. After the last question had been asked and answered satisfactor he rose to his feet, and, looking slow- around on the upturned faces, he remarked genially T wish I was a little boy at school again. He allowed a few moments for this to, sink in, and then added: “Do you know why I wish that?" For a moment or two there was silence, and then & childish voice from the back of the room was heard to say February oanyuu‘\'e forgot all you ever