Evening Star Newspaper, February 9, 1924, Page 14

HARP ADVANCE IN STOCK MARKET Steel Common, Leathers and 0Oils Strong—Fisher Body Jumps Eight Points. By e Associated Press. NEW YORK, February 9.—Stock prices showed an improved tone to- day. Barly irregularity gave way to strength when the steel shares were Dbid up on expectations that a favor- able showing in the January unfilled tonnage statement of the United States Steel Corporation would be fssued after the market closed. Steel common crossed 108 for a net gain of more than one point. Leather and oil shares also made good Tecovery from heaviness. The Dbest gains were recorded by ordinarily inactive specialties, ~Fisher Body Jumping § points, & Myers 1% General Electrie, Foundation ¥, Remington Typewriter and e sing 1 to nearly 4 ts. The closing was Strong. Eiles approximated 150,000 shares. PRICES MOVE UPWARD. recent Mercantile Reviews Are Held to Be Very Favorable. TUART P. WEST. The Sat YORK, February 9.—The nu.k maraket rallied in today's two on, the impulse coming ¢ from short covering. Fresh Luring, however, made its appearance 4u the sugar stocks and in the leath- th Central Leather preferred and \d Leather preferred Jere unusually active and strong, fol- Jowing accounts of decided improve- anent in the leather industry. TI trouble with the leather trade has Leen the accumulation of an old war surplus which has taken all these senurs to work off. Now that this sur- Plus is no longer overhanging the market, prices have been moving up Ewiftly, Punta Alegre at New Top. Punt.x Alegre made a new high, at [ said that the company has a .Ad\ ‘disposed around the current high prices of fully a quarter of its share in the new crop. Cuba Cane referred, Cuban American and Amer- i Beet Sugar all were very strong. United States Steel common rallied cagerly, getting up above 108, which brought it very close to its top. Bethlehem Steel, Republic and the others followed along. 0i] shares did better, but were slow- er than most others to respond to the general recovery. The general market closed strong, with leading s well up to their highs of the di Reason for the ength of United States Steel ap- ared in the monthly tonnage figures, Fested just at the close of business, showing an increase of '353,090 un- filled orders on hand. Trade News Favorable, Trade news was favorable. The weekly mercantile reviews reported continuance of the general upward tendency, which has been noted eac th art of the year. Con- firmatory evidence was afforded the figures on, car loadings covered the sevén days ended January week sine » preceding w ove the same 10 cars abos week in 1922. Merchandise freight loadings, ‘which ccognized measure of the gen- erhl trade volume, were 1,315 cars ligher than the week before and 13,- ige Tan up over a i the pound. French francs also did somewhat better, but not until there had been further heavy selling in Pa These French offer- ings were evidently being taken by speculators for the decline in other markets who were ready to accept some of their profits. Western Unlon Active. Recent buying in Western Union Telegraph has been done largely by people who are impressed with the favorable earnings position of the company and_the current reporis of operations. Western Union net in- come applicable to the capital stock, of which there is close to $100,000,000 outstanding, has been running at the rate of apbroximately $13 a. share, against the $7 annuaj dividend dis- bursement. At the end of 1923 the profit and loss surplus was around $50,000,000. STEEL REPORT OUT. Unfilled Orders Increase Rapidly During Month. NEW YORK, February 9.—Unfilled orders of the United States Steel Cor- poration on January 31, made public today, tota 795,429 tons, an in- crease of 353,090 tons over orders at the end of December. SUGAR PRICES HIGHER. Stock Values Reflect Gains in Putures’ Market. Special Dispateh to The Star. NEW YORK, February $.—The im- proved tone of the sugar shares t day was due irectly to the buoyancy in the raw sugar futures’ market Soon after the opening March and July options were eelling at new highs for the current movement, and May was practically up to its highest. Quotations were closely approaching the 5%-cent level. Recently it was calculated that Cuban raws would touch 6 cents before-May, which now ppears to have been a pretty con- rvative estimate. PARIS MARKET ACTIVE. PARIS, February 9.—Trading was active and prices were firm on the bourse today. Three per cent rentes L4 francs 5 centimes. Exchange on London, 94 francs 90 centimes. Five per cent loan, 69 francs 75 centimeg, The dollar was quoted at 22 francs 15 centimes. N. Y. Stock and Bond Averages. Friday, February 8. STOCKS. Total stock sales, 985,600 shares. Twenty Industrials averaged 100.38; net loss, .53. High, 1924, 101.23; low, 94.88. Twenty railroads averaged 84.20; net loss, .45. High, 1924, 85.9/ BONDS. Total bond sales (par value), $13,724,000. Ten first grade rails averaged 86.07; net loss, .28. Ten secondary rails averaged $4.13; net loss, .28. Ten public utilities averaged 86.65; net loss, .37. Ten industrials averaged 94.03; net gain, .23, Combined average, 87.72; net loss, .18. | Combined average month ago, 87.42; vear ago, $8.74. low, 82.74. 'NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice Adams Exp (6) .. Afr Reduct (4).. Ajax Rubber. ... AlCh&Dye (4). AIC&Dopt (7)., Allls-Ch-Mf (4) . Allis-C M pf (7). Am Agrl Chem. .. Am Agri Chem pf Am Beet Sugar. . Am Bosch. Am Chain A (2) Am Drug Synd. . Am Hide & Lea... Am Hide & L pf.. Am Internation. . Am LaFFE (1), Am Linseed. . Am Locomo (s). Am Loco pf (7). Am Republics. . Am Saf R (50c) . Am Ship & Com... Am Sm & Re (5) Am Stl Fdys (3). Am Sugar. m Sugar pf AmT& Tel (9. Am Tobac (12) . Am Tob B (12) . Am Woolen (7). Anaconda Cop Arm pt Del (7) ... Arn Cons & Co. . Art Met Con (1) . Asso Dry G (5).. Asso Ofl (13%) AtT&SFe (6). Atl Birm & At. .. At Coast L (7). .. AtGulf& W Ipf. Atlantic Ref (4). Atlas Powd (4).. Austin-Nichols. . Bald Loco (7) Bal & Ohlo (5) Barnet Leagfier. Batopilas Min B'ch Nut (2.40). Beth Steel (5) Beth Stl pf (7) Brit Emp Steel . Br'k Edison (8). Br'k-Man Tran... Br'k-Man Tr pf... | Burns Br (10). .. Caddo Cen O & R Cal Packing (6). Cal Pet (1%).... Callahan Z Lead. Can Pacific (10) . Carson H Gold. .., Case Threshing. . Cent Leather Co. Cent Lea Co pt. Cent Rib Mills Cerde PasC (4 Chand Mot (6) . Ches & Ohio (4). Chicago & Alton.. Chic & Alton pf.. Chic Gt West. Chic Gt West pf. Ch Mil & St Paul. Ch Mil &8t P pf.. c & Nohthwt Chic R I & Pac Ch StP Min&O. . Chiie Cop (23g). Chino Copper. ... Cluett, Peab (5). Coca-Cola (7)... Colo Fuel & Iron. Colo Southern Col So 1st pf ( Col G & E (2.60). Col Carbon (4) . Comp Tab R (G). Congoleum (3)... Consol Cigar. Consol Gas (5).. Consol Textile. Cont Can (4). Cont Ins (6) Cont Motors. Corn PrR (19). Corn Pr R nw wi. Corn Pr R pf (7) Cosden Co....... Crucible Stl (4) .. Crucib Stl pf (7). Cub Am Sug (3) . Cuban Cane Sug. Cub Cane Su pf. . Cuyamel Fr (4) .. Davidson Chem. Det Ed Co (8) Dome Mines (2) . Doug-Pectin (1) Du Ptde N (8)... DuPdeNdb (6) Eaton Ax (2.60). El St Bat (15%) F'dM&Spf (7). Fifth Av B (64c) Fisher Bdy (10). Fish BOpf (8).. Fisk Rubber. Flchm'n (13%). Foundation (6) . Freeport-Texas.. Gardner Motor. Gen Asphalt. . | Gen Asph pf (5). | Gen Bkg pf (8). Gen Cigar (8) Gen Cigar deb.. Gen Elec (8) . Gen El spe (60c). Gen Mot (1.20) . Gen Refr (4). Gimbel Bros Glidden Co. Gray & Davis. ... Gt North pf (5) Gr Nor Ore (4).. Gt West Spf (7). Guantan Sugar. Gulf Mo & No |eMaNpt (1). Gulf St Stl (4) ... Hartman Co (0) " Hayes Wh'l (3).. Hupp Mot C (1) - Hydraulic Steel... Illinois Cent (7). 1l Cen £ p (6) Ind Oil & Gas. Indiahoma Ref. Indian Motoreyc. Inland Sti (23%) . Tns Copper (2). Interb Rap Tr Int Cement (4) ... Int Com Eng (2) | Intern & Gt Nor.. Int Mer Mar pf... Internat Nickel. . Internat Paper. . Int Pap pf st (6) IntT&T (6). Invincible Oil. Jewel Tea Jones & Lau Kansas & Gulf. .. Kan Clty South.. Kayser Jul & Co.. Kelly Spr Tire. ... Kenne Cop (3).... Leh Val (3%). .. Lig & My (12). 81 8% 8% 703 2 115% 15% 127 53% 26% - 126% 101% 234 831 26% 5 147 2 25% 16% 0% 81 23% 62% T 43% 11% 174 99% 9 49% T2% 10% % 1075% 102% 106 163 Louis & N'sh (5) Mack Trucks (6) Mack T 1st (7) Mallinson & Co. Man Elemd gtd. Manhat Shirt (33 Mara Oil Explor. M S Rprpf (6) Marland Oil. . Mart-Parry (3) Maxwell Mot A Maxwell Mot B... May Dpt St (5).. May Dp S pt ('l) Metro Ed pf (7) Mex Seaboard. . Mex Seaboard of. Miami Cop (2) Middle St Oil. Minn & St Lou Mis K & Tex pf... Missouri Pacific.. lll 22 20% 19% 22% Open. High. 81 Low. Close. | 81 Bl l!fi ISV. 03 | N ¥ Cann pt (7). 128% 128% 150 150 148% 148% 0% 7 101% 2% 8318 26% 5 57% 17% 65 6% B54% 95 7! 180 36° 118 27% 16% 1 102% 102% 106 ki) 8% 26% 15% 43% 24% 27 82% 14 41% 66 7% 15% 20% 109% 19 33% 29% 86% 0 245 28% 7% 56% 163 89% Bfli 26“ 34 40% 34% 62% 1% | Nat Bis pf (7)... ¢ | Schuite (§8) Open. High. Low. 85% 36% 35% 26% 26 26% 27 26% 8% 8% 112% 9 Close. 86% 26% 27 | Missour! Pac pt.. Montgom Ward.. { Moon M (13%).. Mother Lode (1), 8% | Nash Mot (18%) 114 Nat Acme....... 9 % | Nat Biscuit (3) | 53 128% Nat En & 8t (4. 28% Nat Lead (8). ... Nat Lead ptf (7). Nat R,Mex fst. .. Nat Ry,M 2 pt.. Nat Supply (3).. Nev Cons Cop. NOrT&M (7). N Y Air Br (4) NYABrA (4 N ¥ Central (7). N ¥C-Readg rts. NYC&StL (6). NY C&StL pf (6) NYNH&H.... Nort & W (18) .... 106 North Amer (2). North Pac (5)... Okla Pr&R: . Otis Flevat (S).. Otis Steel, Otis Steel pf. Pacific Coast Pac Coast 24 Pacific Mall, Pacific Ofl (2). ... Packard (1.20) . Pan Amer (8)... Pan Amer B (8). Panhan P & R pf. Parish & Bing. ... Penn Railrd (3) Penn Seab Steel.. Peoria & East. .. Fere Marq (4) .. Phila & R& 1 wi. Phil Mor (500).. Phillips Pet (2) .. Phillips Pet rts. Plerce-Arrow. Pierce-Arrow I Pierce Ol pf. Pitts Utll (15 Postum pf (8) Fress St1 C (4) 1% | 28 Pub Ser N J (4) Pullman Co (8) Punta Al Su (5). Pure Oil (1% Ray Cons Cop. Reading (4) Reading rts Read 1st pr Read 2d pf (2)... Remington Type. Replogle Steel. { Rep Ir & Steel. Reynolds Spr (2) Rey Tob B (3)... Roy D'tch (3.46) St Jos Lead (12) St L San Fran, St L-San Fr pf. St L Sothwest. StLS'thpt (5) .. Santa Cecilia. ... Savage Arms aboard Air b'd Air L pf.. Sears Roe & Co. Shattuck-Ariz. Shell Trad (2.06) Shell Un Ol (1).. Shell Un pf (6) mmons Co (1 Simms Pet. Sinc Con Ol Skelly Oil, Stoss-Shef Stl. So P Rico Sugar. South Pac (6)... Southern Ry. . ... South Ry pf (5) .. Spicer Mfg. . Stand Mill (5) StOil Cal (2).... StOINJ (1)... Sterl Pr (15%) ... Stew’'t War (10). StrCar (19%) ... Studebaker (10). Submarine Boat Superior Ofl. Sweets Co of Tenn C & Ch (1). Texas Co (3).... Texas & Pacific. . Tex & Pac C&O. Tide Wat Oil (4) Timken (13%).. Tob Prod (6). 1% | 3% 4% 623 | 41% ! 64% 1% % 118% Twin City R ( Underwood (3).. Un Bag Pa (6). Un Pacific (10) .. Utd Alloy St1 (3). Un Cig Stpf (7) U S Ind Alcohol... USR&Im (8).. USR&IDf(7).. U S Rubber. US R 1st pf (8)... U S Smelting. .... U S Steel (i5%). U S Steel pf (7) .. 1 80% | 108% | | today. i edly ! Associated Ol TONEISINPROVED oo e BONDS o ] IN BOND MARKET Summary of Week Shows|ri Price Changes Have Been Very Irregular. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, February 9.—The bond market showed substantial improve- ment at the opening today after the reaction of Friday. Trading was not very active, but the tone was much better. On the week changes have been irregular, with the high-grade Investment issues mostly fractionally lower and the second grade and more speculative descriptions ~ showing some improvement. Liberty bonds have been only steady all the week. In most cases net changes consist of small fractions, the largest being the loss in the first 1% These are the entirely ta exempt issue and would naturally r flect the lessened demand consequent upon tax reduction. Rails Have Lost Ground. High-grade rails have lost ground, examples being Atchison general s, Which went below 87 for the first time this vear, and Central Pacific first 4s, which 10st more than a point. The de- cline is probably due to the small re- turn in com{;arlson with government bonds and high-grade utility and in- duntrial obligations. The foreign group has been relative- Iy stronger than the rest of the list all the week, and the same was true Japanese issues have been notably firm. and on the week the! sterling 4% per cents of the first and second series are up from one and a half to more than two points. There have been reports that some offer of exchange will be made to the holders loan expected next week. Both the outstanding issues mature next year and part of the proceeds of the new loan may be used in this way to an- ticipate these maturities. Foreign Group Active. Other foreign bonds, In which there. has been active trading included the Jugoslav 8s, where the recent gains have been held but not improved upon, and the Cuban 5%s. French Republic §s and 7128 have been most- Iy _steady. United Kingdom 5%s of 1937, the purely investment issue, were up to the high of the year, while the 5%s of 1923 have gone down with sterling exchange. The largest gain in any foreign issues this week has been made by City of Rio Janeiro 85 of 1946, Speculative rails have been decid- irregular. The commaratively inactive New York, Susquehanna and Western issues have been notably strong. Denver and Rio Grande ju- nior liens have been weak. Seaboard adjustment 5s have advanced sharply where other Seaboard bonds have iost ground. New York Central de- benture 6s were very aetive and! strong early in the week but reacted at the close so that the net result was a loss. New Ofterings $167,000,000. The aggregate of new offerings for the week was the highast for the year, amounting to over $167,000,000, and the number of new issues was a record for the year. HEAVY SELLING REPORTED. {Day's Trading Sees. Bond Moves Within Narrow Limits. | By the Associated Press. NEW YORK, February 9.—Bonds again were subjected to selling pres- sure today, with profit-taking direct- ed against foreign and domestic issues, which recently have shown the greateet strength. Prices generally | moved within narrow limitsc with a mixed movement in the rails. For- eign government bonds, including {Serbian 8s, Belgian §s and Denmark | 6s, were lower, government but United States issues steadied. with | erties. A gain of almost 2 points in 65, based on reports of changes in the company’s finances, was the only outstanding event in the first hour. WO0O0D’S APPOINTEES CONFIRMED IN MANILA| or Filled With Approval of Insular Senate. Utah Copper (4) Utah Securities.. Vanadium Corp. Va-Caro Chem. Va-Caro Ch pt V Vivaudou (2). 22% 2% 7 23% 18% 13% 42% 15% 15% [ 10 94% | * IS‘A 28% 68% 4 21 69 12% 84% 8(!6 u* 12 0% iPartly extra. §Payable in preferred stock. Dividend rates as .{"“ in above table ca its based o the o Baity .v--v Geclarationn, noted, extra or special Wald Sys (‘l\‘).. Web & Heilb (1) . ‘West Maryland... West Air Br (6) . West E& M (4) Wheel & L Er pf. Wll&COD!(t).A Willys-Overland. Willys-Over pf.... Wisconsin Cent. . ‘Wright Aero (1), ; Youngst S&T (5). Untess Jotherw dividends are NEW LUMBER RECORDS. Japan Alone Buys 40,000,000 Feet in Oregon Section. PORTLAND, Oreg., February 9.— The record of lumber shipments fqr January, 1924, from Portland, as com= piled by ‘the traffic department of the port of Portland sets a high mark rnr the coming months to equal. The mark set is 55,470,390 feet. far higher than December of last year, the rec- ord month, when 42,562,502 feet were shipped and three fimes as great as January, 1923, with its shipments of 18,049,859 feet. Shipments of lumber to Japan were 40,070,280 feet. “T'o. China the ship- ments were 9,438,000 feet and to Au: tralia 1,484,340 feet. To the count: in South America wers shipbed 4,338,- 553 feet, 121,055 feet to the United Kingdom and 18,162 feet to Italy. IOBS ALL GONE IN ST. LOUIS. . LOUIS, February 9 (Special).— d , Pebruary — S ek month have totaled nnw.su. mpared with 37, ‘of the lnn hml vu 1!‘::! of gotton, By the Associated Press. MANILA, February 9. — Governor General Wood's first attempt to fill | one of the cabinet positions vacant since resignation of the cabinet mem- bers in a body last July, met with success, when the senate of the insular legislature confirmed' his nomination of Felipe Agoncillo, a veteran of the Philippine revolution, as secretary of the interior. Angon- cillo is a Manila attorney. He was Philippine representative at the peace conference in Paris after the Spanish-American war. The governor general's nomination of Miguel Romualdez, another Manila attorney, as mayor- of Manila, in which office a vacancy has existed for some time, also was confirmed by the senate. IR e CURB FEES INCREASED. NEW YORK, February 9.—The et of. listing stocks on thé New York Curb Market has recently been in- creased from $250 to $500, owing largely to the increasing number of applications for the listing of new stocks. More eareful scrutiny is also being made of each application, it is an- nounced. For this purpose a special accountant has been employed to analyze financial statements made in connection with applications to list and pass upon them before action is taken by the exchange's committee on listings. ‘WOOL PRICES HOLD UP. BOSTON, February 9 (Special).— The week closed on the Summer street wool market without efforts made by mill buyers to beat down | the price for raw wool having been effective. The lower grade wools were most active today. ———— FOREIGN EXCHANGE. By the Assoclated Press. NEW YORK, February 9.—Foreign exchange, steady; quotations demand, 4. mand, .0459%; cables, 04!0“ Ihly. demand, .0438; cables, . lxl*' Bcl- al:m. demand, .0406; clblal. 04061 ; demand, 0000000008 ; Holland, de: demand, .1339; 'k, d de L% mand, i 17405 swn. fiamnd. lz'u. Grosce, .0171; Polan demand, | o, Czechoslovakia, demand, slavi. L0118%; | §, Bummh. entina, omand, 1310 'muo, démand, 45%. Montrea, 47 Jan. . ; on. ostess—Are you fond of plum luMlll. doctor? Dootor (friend ol the. llmfly | Well—no—I can’t )—|to honestly say that 1 am—but, luckily, many of nvr arel. - ST s of these bonds who subscribe to the | fractional gains in some of the Lib- | Cabinet Vacancy and Post of my-‘ C., SATURDAY, FEBRUARY 9, 1924 Private Wire (Sales are in §1,000.) UNITED lTATl! BONDS. (Fracti jent E!:nn.l I‘NDP."'. means !xl-ll) 99-12 99-31 99-18 "-ll 99-13 ’:2100-6 100-3 100-4 FOREIGN. th 4% US4%s 1962, Low. Close. 101 86% Dan Munic 85 B. .. Denmark 6s. Dutch E I 5% Dutch East I 6 Dutch East I French Govt French Govt BBeBRablen :;.«3:—:«”."-; * -1 xorw-y 68 1952.... Orient Dev deb 6s. 1 Paris-Ly’'s-Med 6s. 37 | Prague 7%s....... 34 1 Queensland 7s. . 5 Queensland 6s. 9 Rio de Jan 85 1946. 10 Sao Paulo City 8s.. 3 Sao Paulo State 8s. 3 Seine Dept of 7. 6 Serbs Croats Sl Sweden Swiss C Toklio 5: Ud Kingm 5% 29. 13 Ud Kingm 6%= '37. 52 101% MISCELLANEOUS. Ajax Rubber 8s. Am Agr Chem 7 Am Chain s f 68'33 Am SmIt&R 1st s- Am Smit&R 6s. A Sug ref sb... 14 1 |AMT&Tevés.... 7 AmT& Tcl trbs. 24 [AmT&Tcltrds.. 8 {Am T & T deb 5%s. 71 Am Water Wirs 55. 3 {Am Writ Paper 6s. 4 : Anaconda cvdb 7s. 11 ! Anaconda 15 6s... 15 {Armour & Co 4%s. 4 Armour of Del 5% s 28 Asso Ol gs rcts. ... 38 | Bell Tel Pabs..... 17 Beth Steel 5%s'53. 24 { Beth Steel s f 6: Bklyn Edison | Bushi T Bldg 55 '60 | Calif Pete 658 w 1 CinG & E5%s '62. Commonwth P 6 Con Coal Md 1st Cuba Cane cv @ i Cuba Cane cv Dery (DG) 7s. Det Edison ref 6 Du Pontde N (%8. 19 Duquesne Light 63 39 Est Cuba Sug 7%s 114 { Empire G&F 7% Fisk Rubber ss. | 3oodrich 6%m..... | Goodyear 85 1931.. Goodyear 85 1941. . Hershey 681942, .. | Humble O&R 5%s. jillinola Bell 1at 5s. 24 4 5 2 5 5 Kelly-Spring $s... Liggett & Myrs 7s, Liggett & Myrs 5s. Lorillard (P) 68 | Manati Sug sf 7 | Marland Oil i %a... Marland Oil 85 w.. | Mexican Petrol 8s. | Midvale Steel 58 | Montana Power &8 t Tube 1st 58. New Eng Tel b INY Edsn 1st €3%s. NYG EL H&P Gs. INYGELH&P és i - [OP ORI - ST ot 7S PN ) U TR TOr - ST PP o o | Nor States Pow {Nor States Pow 6a. | Northwst B Te 7 {Otis Steel 7%s. . | pactfic Gas & 158 i Pacific T& T 58’52 Pan-Am Pete Pan-Am Pete 6% | Phil & Rdg C&1 Phila Co ref fs Plerce-Arrow Public Service 102 - Sin Crude Oll 6348, | Sin Crude Ofl 6a.... Sin Pipe Line 5 Southwest Bell 53 Steel & Tube 7s. Sug Est Orlent 7 Tenn Elec Pow 6 Taledo Edn 1t 7 Union Bag & P 6 U S Rub 1st rf 6a.. U S Rubber 7%s... QO 103602000 Wickwire Spen 8. Wwilson & Co 1st Wilson&C cv 1%s. Wilson & Co cv 6s. Youngstn S& T s, 86 M —— ROADS BUYING CARS. 'ennsy Reported After 1.5,000 and New York Central 17,000. PHILADELPHIA, February 9.— Many of the leading railroad systems of the country are placing inquiries in the market for freight cars. Among them is the Pennsylvania railroad, which is reported seeking 15,000 to 18,000 cars. The New York Central is expected to announce shortly distri- bution of orders for 17,000 freight cars and more than 100 locomotives. Other companies in the market are: NorTolk and Western, for 6,000; Louis- ville and Nashville, 3,000; Chicago and Northwestern, 4,000, and Illinois Cen- tral, 3,000. T o (IR TETS CHICAGO, February 9.—The nual report of the Pleople’s Gas Light and Coke Company for 1923 sho cperating revenue totaled $30,61 llT ’!. u l:alnbl.rod Wllh lN 'Iit P4 dettarea totaled tl.u 3 so. ng & surplus for th '1.114.‘"&.1 -~ BUYS am,m PLANT. D, Ohilo, ,'Cb‘nlm 9.— Foundry Com| mlnulu:tur- f ] o nnw-ry’ nlpml. has purchased the ational ‘Wheel Company tor l r..om«l Drlc. of "'":. mr‘ “"%"-m:a The lll- 99-4 99-18 (B % | Canadian North 7s % | Mo Pacific Gs. 7 | Western Pacific Direct to The Star Office. RAILROADS. ‘Sales. High. Low. 9% 59% 86% 80% 82 9% 83 101% 86% 86% 80% 97 3% 118% 111% 1 80 Ammt son gen Atchison adj Boom Bklyn-Manhat g Canad North 6%s. Canad Pac deb Car Clinch & O Car Clinch & O 6s. - Chi B&Q 1st rf 6w, Chi Great West 4s. Chi GrWest 4s (n). Chi M&St P cv b Chi M&St P 48 '35 Chi M&S P cv 434 Chi M&It P 45'34 o oo RS REAR RN O RN DO BN A BN Ea 0 Erie gen 48 Erieconv4s A. Erie conv 4s D. Gr Trunk sf db Grand Trunk 7s. Gr North gen 7s. Gr North gen 5%s. Green B & W db B. Hud & Man ref Hud & Man aj 6s... I11 Cent ref 5s '55. . 111 Central 5%s. Int Rap Tran 5s... Int Rap Tran 6s {Int Rap Tran s 1 Int & G Nor aj 6 104 8 87! 49! 19! 7 88! Lake Shore 4328 Lake Shore 43 '31 Lehigh Valley 68 Louis & N uni 4: louis & N 68 200; Manhat Ry cn 4 - BomcarmRoabmo s MStP & SSM 6%s. tP & SSM cn 4s K & T prin6s A &T4sB &T MK & T 2d] bt wonmeSn 2 s = g wEBali-Sa8s Northern Pac 58 D. Pennsyl gen 5s. Pennsyl gen 3% Pennsyl 6%s. Pennsyl gold 7=. | Pere Marq 1st 5s. | Reating gen | Reading gn 43wl Rio G West cl 4s. {RIATk & L4%s. .. StLIM&S43'29. StL&SFpldsA.. St P Un Dep 6%s. Seab'd A L 4s st: Sou Pacific 45 192, Sou Pacific clt 45 Southern Ry ist 6s 11 Southern Ry gn 4s. | Scuthern Ry 6%s.. 18 i Southern Ry 6s ct. 117 5 2 2 | Sou Ry Mobile 4s. . VaRy & P 1st 5s. Wabash 24 5s Western Md 4s. . Wheel & LE cn ds. Whel &LE rf 4%s. ‘Wisconsin Cent 4s. SHORT-TERM SECURITIES. (Quotations furnished by Redmoud & Co.) 4 1 5 1 5 al 4 3 2 1 1 1 Aluminum €o, of Amer. 7 1023, 1027 Alumiatm Co: of Amer. 15 1035, 10855 \mer(r:n (;u(lon Oil 6s 1924 ugar Anglo-American Oil Tige 02 1 Baltimore & Oblo 6s 024 100 97 107 i digs 0% m\u‘ 100 Empire Gas & Fuel s I Pederal Sugar Hel’ s mm Fisher Body Corp. Gs 1927 1 her Hody Corp. G Good)'!lr T. & R. 8s 19 Guit il Corp. Humble il | Westorn “Onion, §%s 1030, Westinghouse B. & M. 78 1i ‘Wisconsin Edison Co. u 1024, nrvmms. Bapae, Mch. 31 Stock )len. “Feb, pany. Pr. Rate. Chi Ry Equip pf. lmplrl{lblgllpl'l‘i $ Store R stoms »- Meh. M.‘o Inves: Feb. 2 Q = 8td Tex Std Tex Pr ‘B' pf. *Payable in Ca: NEW YORK EGG PRICES. | dled, per dozen, 44a45; average re- 63% 113% | Beans, southern, per basket, 3.5025.00. 107% | Peas, P 82% | Eggplant, 400a6.00 00. a‘," Brussels sprouis, 5% % % % i 75, 1005 % | 13 «H of 20 f 15 23 FINANCIA Grain, Protduce and| dive Stock LOCAL WHOLESALE MARKET. An increase of five cents in the price of eggs in Chicago was re- ported as a result of the severe storm that prevailed in the west the last few days. “And there probably will be a dryv of 5 or 10 cents by Monday,” re- marked a local dealer thfs morning. Decreased shipments of eggs have resulted in a slightly higher and stronger market here. Today prices ranged from 43 to 45 cents. Storage eggs are scarce and much higher. The season for such eggs 18 practically over, it is stated. They were quoted at 35 cents in Chicago ay. Eggs—Strictly fresh, selected, can- ceipts, 42; storage, 30a32. Live poultry—Roosters, per 1b., 17; turkeys, per Ib., 25a30; spring chick- ens, per 1b., 30-31; keats, young, each, 60270; fowls, per 1b., 26. Dressed poultry — Fresh - killed spring chickens, per 1b. 32a35: roasters, per Ib., 32a33: hens, per! Ib., 27; turkeys, per Ib., 28a32; keats, | Jouse: each, 80a85; roosters, per m..l . Live stock—Calves, choice, per Ib., 14; medium, per Ib, 12a13; ib), 8a10. Lambs, spring, per 1b., Live pigs, 3.00a5.00 each; live hogs, per 1b., Green fruits—Apples, per basket, 50a2.00; box, 1.50a3.00; per barrel, 2.00 26.00. California oranges, per crate, 3.50a4.50; Florida, 3.00a4.00. Lemons, er box, 3.50a4.00. Grapefryit; 3.00a .75, Cranberries, 4.5025.50 ‘per one- half barrel. Vegetables—Potatoes, nearby, per barrel, No. 1, 2.50a3.00; No. 2, 1.50a 2.00. Potatoes, round, per bag, 2.75a 3.25; sweet potatoes, 5.00a7.00 per bar- rel. Southern lettuce, per crate, Y.00 a2.00; Iceberg, 3.00a3.25. Cabbagze, northern, 2.00a2.50 per 100 Ibs.: Flor- | ida, 2.00a2.55 basket: nearby, 1.00a1.5 barrel. Tomatoes, Florida. 3.00a4.50. per basket, Florida, £.75a3.00. Peppers, per crate 4.00a8.00. Celery, Squash, 3.00a4.00. ! 0. Kale, per barrel Spinach, per barrel Texas, per basket, 2. uthern cucumbers, per bushel, a8.00. Carrots, 100- 1h3 sack, 3.00a3. 0. GRAIN AND PROVISIONS. BALTIMORE, Md., February 9 (Spe- cial).—Potatoes, white, 100 pounds, 90a2.00; 150 pounds, 1.5 and 'yams, g P! | lettuce, hasku 100_pound: crate, 3. 2.50; parsnips, Crate, a3.50; tur- bushe! 5.00; tomatoes, crate, nips, bushel, Apples, packed, bushel, 50a1.50; bo: zrapefrulr box, box, 2.25a3.00; pineapples, crate, 1.00; strawberries, quart, 50a55. Settling Prices on Grain. Wheat—No. 2 red winter, 3 red winter, spot, No. 2 fed winter, . 1.16%; export, no quota- : No. 3 red winter, garlicky, spot, no_quotations; No. 4 red winter, no quotations. spot, no_ quo- garlicky, w, 4.40 per barrel for 0 per barrel for white; . 3_corn, spot, vellow. No. 3, yellow and 4. No. 2 corn, spot, track corm, new, . 2 rye, spot, 118 tons. Hay gen- erally is quiet, but with no pressure lon the market for the better grades ! of timothy, light mixed and No. 1 Clover, with prices generally firm. {There is un ample quantity ‘of me- movement Receipts, 0. 1 clover, 24.50225.00. traw—No. 1 straight rye, No. 1 tangled rye, BALTIMORE, Md., (Special).—Live poultry Young chickens, , 20a25; old hens, 18 2 Geese, 17a2l. inea Fowl, each, Dressed poultrr—Turke chickens, 8. ‘)u(‘ks oosters, 16. 28a35. Eggs (loss off)—Native and near- ! by firsts, dfl ., 43 Soulhern 42, to fancy. mearhy ; rolls, dairy 25a30; store-packed, 25a26; prints, 25a30; process butter, 39. TODAY'S CHICAGO PRIC CHICAGO. February 9.—lIncre iexll selling on the part of commission houses weakened the corn market! today during the early dealings. ! Weather conditions reported as more | favorable for enlargement of the; crop movement had a bearish effec Talk of liberal export business, how- ever, helped to check declines. The opering, which ranged from % lower to % advance, with May 813aSl¥, was followed by a moderatd general setback. Wheat and oats sympathy with corn. After opening unchanged to % higher, May 1.11% to 1.11%. and July 111%, wheat underwent something -of a sag ull‘ { atound. Oats started ‘at a shade lower to! a shade advance, May 49% to 49%, and held near to the initial range. Provisions wero. steady in the ab- sence of any aggressive selling. were easier in . | CHICAGO LIVE STOCK MARKET. * CHICAGO, February 9 (U. S. De- partment of Agriculture). —Hoge—Re- ck-«pu. 14,000 head; active; around i1bc lower: good and_choice, 225 ta 00 pound butchers, 7.10a7.15; prac- tical top, 7.15; desirable 170 to 210 pound averages, 7.00a7.05; packing sows, 6.20a6.40: desirable strong weight killing mg 5.75a6.00; esti- mated holdover, 4,500 heas 1000 “head; com- pared week ago bet grades beef cers and_yearlings fully” 25 nigher; ther grades 25 to 40 lower; week's extreme top matured steers and yearlings, 11.50; week’s bulk prices, beef steers, 00210 00; fat cows and 26.50; canners and cut-l ters, 2.65a3.35; veal calves, 10.50a 11, 50 stockers and feeders, 5.00a7.00. | ep—Receipts, 4,000 head; mostly Iteafl)’ dellmble fat wooled l-mbs. 4.50a214.75; heavy nativ i weighty fat native ewes, §. hnndy welght feeding lambs, 13.00; for week fat wooled lambs mostly 25 to Cattle—Receipts, Feb. 15 | 50 higher; sheep steady to 25 higher; closing, top, 14.75. it A EMPLOYES BUY STOCK. SAN FRANCISCO, February 9.—Out | 151or 13,639 employes of the Standard *NEW YORK, Februaiy 9.—Eggs— Unsettled; receipts, 10.214 fresh_gathered, extra firsts, 45abl 0., firsts, 46a47; do.. cases; seconds and poorer, 40a45; New Jersey and other hennery whites, -extras, 54a56; state nearby an by western hennery whites, 48%%a54; nearby closely selected near- rst to hennery | end ot the five-year period originally 0il Company of California 11,372 have taken advantage of the offer made by the company for.acquiring common stock. In a statement by the company these stockholders, through their own savings and the ‘bonus of- fered by the company, have acquired 14,862,125 of the stock. Since the hj.! been in ODGIIHOB only two and one-half years, the company Pointed out,.this indicates that at the browns, extras, ‘54a55; Pacific coast|outlined the employes would own 'hn... extras, xtra firsts, 650a51%; frats, 3335a84. - RATES ON BAR SILVER. $a%abi; do. firats to|$30,000,000 of the stock of the com- refrigerator | pany. L T B ‘WEEKLY BANK REPORT. NEW YORK, February 9.-—The LONDON, February 9.—Bar siiver |actual conditioh of clearing_ house 3311-16 pence per ounce.~ Money, Discount hort. ‘3 = a3 11-16 £41,881,610. mmlummufl Mlll. lh per Hu banks and trust companies for the week shows an excess in reserve of This is an- increase of ; |amounting to $771,000.0 - |differently. {credit expansion | derstc | cotton stead AUDITORIUM STOCK WELL SUBSCRIBED Col. Harper Reports $660,- 000 Taken—Other Local Financial News. Edward F. Colladay, president of the Board of Trade, last night lauded the Washington Auditorium project as a medium Iy bringing about suf- frage for the District of Columbia in an address before stockholders of the auditorium at the Willard Hotel. Mr. Colladay said that great masses, coming here for conventions, will learn of the local voting ban and it will provide a rallying site for suf- frago meetings. Col. Robert N. Harper, sponsor of| the corporation, declared that $66 000 of the total $800,000 needed had been subscribed. Christian Heurich, already holding $10.000 of the corporation’s indebted- ness, subscribed an additional $5,000 at the meeting, while a subseriptions of $2.500 from the National Electrical Company was also recorded by Edward C. Graham, president of the company. The structure, which will seat 5,000 people, will be ‘completed in June, it was said. Federal Reserve Ratio. The combined federal reserve ratio stands at 82.1 per.cent, the highes: poirt since August 24, 1917, when cent. However, the pres- h of the system far excee. 7, although the ratio was higher then. For instanc 24, 1917, regional banks he of legal requiremen . The exce: amounts 1o $ 00,000 Stated the reserve banks at pres- ent have appreciably more than twice as much free reserve on which to base han they had in 191 Regional banks could now lose as mu #old as the entire amount held in 191 and still have more than $330,000,000 : excess of legal requirement Six members have a ratio of mor than 80 per cen icago having i highest with $88 per cent and New York sccond with $6.4 per cent. Dal- las has a ratio of only 45.4 per cent. the lowest in the system. The low ratio of the Texas bLank is a matter of choice and not nem:ssity, it is unt d. Businesx Failures Decrease. This week's report of failures t G. Dun & Co. s more favorable 1 that of last week, there being a against an increase of The defaults in the States this week number 426 & with 389 Jast week r ago. from the <1 se occur- insolvencies this k in each of the ps into which the is separated. n failures this week num- which is a small increase over faults of last week. A d rs, however, in compa: 71 insolvencies in Canada a If point on Augus cash in exce: now R. lln‘l“ly Commeon Higher. A . possible early decision, favor- able to the comp , in the case of the Potoma tric Power valua tion suit now being carried on in rict courts. was evidenced on the, ington Exchange this morning, when Railway common upward to 71 on sales involving 5. The opened at 70 evailing level, and closed haif a point high, Union Trust W ompany stock brought with Waushington Mechanics Savings Bank selling at 30. ction was off slightl, ought 1011z, Phone Earnings Increase. Net operating income of the Chesu peake and Potomac Telephone Corn- pany for 1923 amounted to $1.286,61% according to revised figures. This ix an increase of $178.377 over the pre- 4 year and almost three times\ {he met corporate income for 1920. operating revenues in 192 566, of more % Was responsib in in net. nd general eauipment added mounted to $2,390,027 in 4 plant and _equipment re- s totaled $646,211. These ad- sns bring the total property value as of December 31, 1923, to $17,460,058 e B TODAY’S COTTON PRICES. Market Recovers Much of Vester- day's Weakness. NEW YORK, February 9.—The cot -t opened firm today at au to 41 points in responsc firm cables ‘and over- night buying orders. The latter we believed to include further price fix- s well as covering, contracts sold up to 33.91 during the first few minfites, or 13 Offerings increas- nd there were re- s points, but the market showed airly steady tone during the early trading. Private cables reported continental buying in Liverpool, with a sood demand for spot cotfon arrivals and exporters buying in the Liverpool spot market NS, February 9.—Bet- than due and a strength- nical position put the cotton market higher today, prices advanc- ing 25 to 41 points in the first haif hour of the session. The covering movement among shorts, which set in late yesterday conflnued Contracts were not in liberal supply. Mare || was advanced to 38.60 and October t 0. February 9.—Cotton “arch‘ 33.50 to May, 33.72 to 33.80; July, 32.33, 405 Getober, 28.05 to ‘28. 10; De-p Spot cotton steady; YORK, closed stead middling, 33.8 NEW ORLEANS, February 8.—Spot 25 points higher; sales on the spot, §i9 bales; to arrive, none; low middling, 31.88; middling, 33.68: good middling, 34.75; receipts, 3,639 bales; stock, 179,787 bales. Cotton futures closed steady at nct gains of 16 to 39 points 3.61a3 DIVIDEND RATE DROPS. Fall. River Mills Report -Poor Business in First Quarter. FALL RIVER, Mass., February 9. The dividend rate of Fall River cot- ton mills for the first quarter of 1924, wc('ordinz to figures furnished by M. Haftards & Co, 5. the lowest' llnce the world war. The average is 1.514 plus per cent on a capitaliza- tion of $43,315,000, the sum of $656,- 175 being distributed to stockholders during this period. - The decrease is primarily due to the absence of extn dividends. Some corporations @ecreased * the . quarterly rate of dividend from 2 to 1% per cent. DRY GOODS QUOTATIONS. NEW YORK, February 9 (Special). Both silk and cotton goods wero ry quiet today with few changes in quotations. Print cloths wers quoted at 10 ocents- for §4x60s and 11% for 68x72s. EGG PRICES LOWER. ‘¢ CHICAGO, February 9—=Butter, un- changed: eggs lower, Reo.lpu, 3,486 ‘cases; firsts, 19a40; ording lh lal“. refrigerator - I.rfl.,