Evening Star Newspaper, February 28, 1924, Page 28

28 MANY WEAK SPOTS IN MARKET TODAY, Inspiration Copper Drops as Do Some Rails—N. & W. Shares in Sharp Advance. | BY STUART P. WEST. Special Dispatcl to The Star. | NEW YORK, February 28.—The| leaders of the share list on the stock ange continued to stand up wel v despite the irregular movements stocks. Stecl commen, Baldwin Locomotive, Studebalker and American Can all had the behavior of stocks which were thoroughly liquidated during the re- cent reaction and in which @ short interest was doing its best Lo extricate itself from an uncomfortable position. Rallroad Shares Weak. Northwestern railway shares were weak obvious reasons. Northern came out with u January report showing a loss in gross as compared with the same month last year of $1,282.000, and a! net decrease of over $500,000, or 50 per cent. Considering that the road | did not earn its full 5 | dends in 1923, this 4 ! romising start for ¢ { he Great Northern figures were still worse in (he gross, which fell off 32,225,000, but the net decline was smaller, {t was $365,000 This ‘was not so bad unless th January condltions are perpetuated subsequent months, for Great orthern carned about $7 last Year 2gainst its $5 dividend distribution. Chicago and Northwestern was equal- 1y weak, and there was considerable selling of the St. Paul Virginia-Carolina Chemical dire tors met and adjourncd without mak- ing any announcement reg: rumors of a reorgani street continued to fe that some sort of a c justment was inevitable of { what appears to be a permanent loss in income. Also, despite denials, It is thought lkely that Virginia-Curo- lina will follow the example of Amercan Cotton Oil and divest itself of properties which during the last three vears have been a drag. | Big Day in Coppers. The expected happened in the case of the two copper companies which ¢ for dividend action todav. The Kennecott directors declured the re wlar quarterly cents, while the Inspiration directors passed the div- idend eltogether. The strong point in the Kennecott situation is its own- ersiip of the Braden property, which, like the others fn South Ameérica, i 2 low-cost producer and can make Plenty of money even at present pri Anaconda was heavily sold again_and made a new low, but on into powerful sup- i i this decline ran por Norfol atrong of Western gain. partly in dividends and par reports of an impending lea Penneylvania. Wall street w Ing out what Norfo would be worth as a guara stock coming ahead of Pennsyvlvania bonds and decided that, as such, it would have to sell on a § to 5% per cent basi Studebaker's 1823 Report. The 1923 report of the Studebaker Corpération is expected soon, and the street today had its mind set on ap- proximately §28 a share for the com- mon_stock. In the first nine months the balance available for the common was $23.63 a share. In his statement to stockholders some time ago Presi- dent Erskine sald that the business of the Studebaker Corporation for the fourth quarter of 1923 would be “slightly below that of the third quarter,” but that a substantial vol- ume would be assured. The figures in the annual report are of less interest generally than the pro- posal to issue two and a half shares of new common stock for every share of the present outstanding issue. ‘Westinghouse was etrong today, at- tracting further buying in anticipation of a favorable report for the fiscal year soon to end, and on account of the continued satisfactory condition of the company’s business. The ycar will prob- abiy result in net earnings of $10 a share on the common stock, Which would leave a good sized margin over carrent dividend requirements. The annual report i3 expected to make u favorable showing as regards unfilled crders. MARKET CLOSES STRONG. was very expectation on the and Washington Tax News Great Help to Market. By the Associated Press. NEW YORK, February 28.—A vir- tual agreement on tax legislation be- tween regular republicans and “in- surgents” at Washington brought about & good rally in today's market. This tax news counteracted the de- pressing effect of the passing of the Inspiration Copper dividend and pub- lication of some poor January earn- ings' statements by northwestern roads. Sales approximated 850,000 ehares. The closing was strong. A sharp run-up in Norfolk & Western to a new 1924 high at 119% accelerated tho short covering movement. which sct in_during the afternoon, a num- ber of Standard shares advaucing 2 to 3 point. | FRANCS RESIST PRESSURE. Bpecisl Dispateh to The NEW YORK, February 28.—The gelling movement in French francs was not resumed, but such recovery s occurred was feeble. Rates were still uncomfortably close to their record low of nine days ago. - Further ight was thrown upon the weakness in French finances which has under- lain the fall in the value of the puper currency by the weekly-statement of the Bank of France. This showed the circulation item" up -450,000,000 francs within a week. The present total of 39,344,700,000 Is the highest of the vear so far. It is up nearly two bililon und.a half from the third weok of December. N. Y. Stock and Bond Averages. ‘Wednesday, February 27. STOCKS. Total stock sales, 670,400 shares. Twenty industrials averaged 7.23; net gain, .19, High, 1924, 101.24; low, 94.88. Twenty rallroads ‘averaged 83.47: net loss, .09. High, 1924, 85.90; low, 82.74. BONDS. Total bond sales (par value), $7.762,000. Ten first grade ralls averaged $5.51; net gain, .04. Ten secondary rails averaged 83.46; net loss, .10. Ten public utilities averaged 86.76; net loss, .13. Ten industrials averaged 93.65; net loss, .11. Combined average, 87.3i loss, .08. Combined average month ago, 83.34; year ago, 87.59. . FINANCIAL Received by Private Wire Direct to The Star Office Alr Reduct (4).. Alaska Juneau. Ajax Rubber. ... Al Ch & Dye (4). AIC&D L (T).. Allle-Ch-Mf (4). Am Agri Chem. .. Am Agri Chem pt Am Beet Sugar. . AmBosch....... AmBrs& ¥ (5) AmCan 16). ... lAmcer (%) ! Am Chicle. . Am Drug Syng Am. & F.P.25% pd Am Hide & Lea Am Hide& Lpf.. Am Tee (7). Am Internation. . Am Linseed. . ... Am Locomo ( | Avi Metal (3)... Am Radiator (4) Am Saf R (50c). Am Ship & Com.. Am Sm & Re (5) lAmS&Rpe (7). Am St Fars (3) Am St Fpf (7). Am Sugar. . Am Sugar pf (7) AmT & Tel (9).. Am Tobac (12). An: Tob B (12) .. Am W Wpr (4). Am Woolen (7). Am Wool pt (7). Am Zine. . . Am Zine pt. Anaconda..... Arn Cons & Co. A350 Dry G (5) .. Asso Ol (1%) AtT &S Fe (6). Atl Birm & At... t Coast L (7 At'antic Fruit Atl Fruit ctf: AtGCulf & WI... AtGulf & WIpt. Austin-Nichols. . Bald Loeo (7 Bal & Ohlo (5) Rarnsdall A. vuk Cigar. B'eh Nut (2.40). Beth Steel (6). Beth St pf (7) Br'k Edlson (8). Brk-Man Tran Br'k-Man Trpf.. Brklyn Un ( B Burns Br B (2).. Bush Termn 1. But C& Z (Goe). Butte & Superior. Caddo Cen O & B Cal Packing (6). Cal Pet (1%).... Callahan Z Lead. Calu & He (50¢). Can Pacific (10). Carson H Gold. . Cent Leather Co. Cent Lea Co pt. CRR,NJ (t12 Cer de Pas C (4) Chand Mot (6).. Ches & Ohio (4). Ch&ODpf (83%).. Chicago & Alten.. Chic & Alton pf.. Chic Gt West Chic Gt West pf.. Ch Mil & St Paul. Ch Mil & St P pt. Chic & Nohthw! Ch & Nwn pf ( Chic RI& Pac CRI&PDf(6). Chile Cop (2%). Chino Copper Cluett, Peab. Coca-Cola (7)... Colo Fuel & Iron. Colo Southern. ... Col So Ist pf (4). Col G & E (2.60). Col Carbon (4) Com Solv A (4).. Congoleum (3) .. Consol Cigar. ... Consol Gas (5).. Congol Textile. Cont Can (4) Corn PrR (19) Corn Pr R nw wi. Coeden CO.....un Crucible Stl (4).. Cub Am Sug (3). Cuban Cane Suj Cub Cane Su pt Cub Dom Sugar.. Davidson Chem. Del & Hud (9) Del L& W (6)... Dome Mines (2). DuPtdeN (8) EastK (15%) E1 St Bat (15%) Erle.... Erie 16t pf. Erie 2d pt. Famous Pl (8) FdM&Spf (7). Fifth Av B (64c) Fisher Bdy (10). Fl'chm'n (13%). Foundation (6). Freeport-Texas.. Gen Asphalt. Gen Elec (8) Gen El spe (6 Gen Mot (1.20) Gen Refr (4) Goodyear pf. Guanby Consol. .. Gray & Davis. ... Gr Nor Ore (3)... Gt North pf (5).. Grt Westn Sug. Gr Canan Cop. ... Guantan Sugar... Gulf Mo & Nor.... GM&Npt (1) Gulf St Stl (5) Hartman Co (4). Hayes WH'l (3) Homestake (6) .. Housen'd Pr (3). Houston Oll. Hud Mot C (3) Hupp Mot C (1) Hydraulic Steel. Tllinois Cent (7). 1t Cenfp (6). Ind Oil & Gas. ... Indian Motorcyc. Inland Stl (2%). Inland Stl pt (7) Ins Copper (2) Interb Rap Tr. Int Cement (4) .. Int Com Eng (2) Int Bus Ma (8).. Internat Har (5) Int Mer Mar pf... Internat Nickels Internat Paper. . Int Pap pf st (6) Int T&T (6) Invincible Oil Jewel Tea. Kansas & Gulf. Kan City South. Kan C Sopf (4).. Kayser Jul & Co.. Kelly Spr Tire... Kenne Cop (3)... Kinney G R Co.. . Laciede Gas (7) Lee Rub & Tire. Leh Val (33%) Leh Val rights.. Lig & My (new). Lig & My B(new) Lig & My rts.... Lima Loco (2) Loews Inc (2) ... Louis & N'sh (! Ludlum Steel... Mclntyre (1).... Mack Trucks (8) Mack Cos pf (4). Magma Copper-... Mallinson & Co... »lan Elomd gtd. ‘Mara Ol Explor. Market St Ry. ... MBRprpf (6).. Marland Ofl. Mart-Parry Maxwell Mot A... Maxwell Mot B... Open. High. 174 78% 1 1 % 68 110% 45% 115 34Ta 40% 85% 80 112% 185 17% 5% 954 11 56% 91 22 18% Tdnm 68%% 95% 57% o1 2 19 8 4zt 100% 7 13% 59" 9814 2T v 1031 5% 89% 129 145% 144 82 40 45 51 82% 72 26% 16 % 101% 104% 8 20% 36% 103 28% 16% 43 23% 94 85 804 12% $6% 65 69 14% 21 % 185 52% 81t 24% 851 56% 87% 12% 6915 32% b1 51 26 65 16% 90 21% 16% 851" 664 31 24% 86% 31 31% 8% 8% 63% 66 86% 37T% 83 83 50% 50% 18% 14 89 89 22% 22% 2% 21% 17% 22% 16% 87 66% 31% 24% 86% Low. 2:83. 78% | Miaml Cop (2)... 1 7% | MStP&SSM (4) .. 6874 110% | Min K & Tex pf. 48 12% 35% 424 85% 80% 114% 165 19 5% 95% 1 5% 91 21% 19 .| West Un Tel (7). : Wheel & L Erle. . 2:58. 22% 5% 439 11% 31% 12 36% 624 264 26% 8 11 100 514 122 Open. High. 22 5% 43 11 30% 1% 341 6235 26% 26% 84 110 100 b1% 122 34% 30% 140 115 1% 68 13 974 10 100% o T4% 20 191 17% 110% 284 5 624 3 1835 152V 14 1 a8 Low. 22 5% 43 1 30% 11% 34% 62% 26% 256% 8 110 Middle 8t O11. Mis Kan & Tex... Missourt Pacific. Missour! Pac pf.. Mont Power (4) . Montgom Ward.. Moon M (+3%).. Mother Lode (1) Nash Mot (18%) Nash Mot pf (7). Nat Blscuit (3). Nat Bls pf (7). Nat Dalry Prod. Nat En & St Nat Lead (8). Nat Lead pf (7). Nat Ry,M 2d pt. Nat Supply (3).. Nev Cons Cop. . NOrT&M (7).. N Y AlrBr (4)... N Y Central (7). N Y C-Readz rts. N Y C&StL (6). N Y Dock. ... NY NI & Hart. N Y Out & West. Norf & W (18)... North Amer (2) . North Am pf (3) North Pac (5) Ohio Bdy & BI. Orpheum (1%) Otis Flevat (8) Otis Steel. Owens Bot (3).. Pacific Coast. Pac Coast 2d pf. PacG& E (8). Pacific Ol (2) Packard (1.20) . Pan Amer (8) Pun Amer B (8). Penn Ralird (3) Penn Seab Steel. Pere Marq (4).. Phila Co (4). hila & R & T wi. Phillips Jones. Ph-Junes pt (7) Phil Mor (50¢). Phillips Pet (2) i'lerce-Arrow. . Plerce-Arrow pe. Pierce Oil. Pitts Utit pf 95 Pitts Ut pt ef 9, Pitts & West Va. Pitts Coal pf (6) rostun Cer (4) . Postum pf (8).. Press St1C (4) ... Prod & Refiners. Pub Ser NJ (4) Pub S El Po(7)p Fulliman Co (8) Punta Al Su (6). Pure O1l (13%) Frure Ol pf (8) . Ry St Spg (8). Kay Cons Cop. Reading (4) Reading rts. Read 1s! Reud ; Remington Type. Replogie Steel Rep Ir & Steel. |Rep 1& S pt (5) ids Spr (2) ey Tob B (5).. | Russla Ins A (6). Jos Lead (12) n Fran San Ir pf. Schulte (§8)... Seabuard Air L. Seub'd AIr Lipf.. attuck-Ariz Shell Un Of (1 Simmons Co (1). Sunms Pet.. . Sine Con O1l (2). Sin Con O pt (8). Skelly Ofh... ..o Sloss-Sheft (6).. So P Kico Su (6) South Pac (6)... Southern Ry. . South Ry pf (5) Spicer MIg. . St 0il Cal (2). StOINJ (1). StOlNJpt (7). Ster! Pr (15%) . Stew't War (10). Str Car (18%) ... Studebaker (10). Submarine Boat. Superior Ofl. . Sweets Co of Am. Texas Co (3)...- Tex G 8 (16%) ... Texas & Pacific. . Tex & PacC&O. Tide Wat Oll (4) Tinken (13%).. Tob Prod (6). Tob Prod A (7). Tob I'rod pf (7) “Transcont Oll. ... Underwood (3).. Un Pacific (10) Un Pac uf (4) Utd Alloy Stl (3). USCIP (3). USCIP pt (1) U S Hoff Mach U S Ind Alcohol.. U S Rubber. USR&Im (8). USR 18t pt (8).. U SSteel (15%). U S Steel pf (7) .. Utah Copper (4) Utah Securities Vanadium Corp. Va-Caro Chem. . Va-Caro Chem B. Va-Caro Ch pf. .. V Vivaudou (2) Vulc Det pf (7). Wabash. Wabash pfA.... Web & Heilb (1). West Maryland... Western Pacific., West Pac pf (6) . 331 66% 88 181 % 361 101% 86% 104 19 65%: 21 80% b 2% 16% 124 68 14% 44 16 9% 16 60 108 93% 63 8 18% 26 66% 819 18% 11% 854 296 264 88 101% 86% 102% 19 66 20% 30% 4 2% 124 123 68 1% 43% 16 9% 16% 60 108 93% 62 8 18 26 56 3% 18% 11% 85% 295 26% 88 16% 12% 68 14% 444 16 9% 16 60 108 93% 63 8 1814 26 66% 315 18% 11% 854 295 26% West Air Br (6) . West B&M (4).. Wheel & L Er pf.. Wh Eag Ol (2).. ‘White Mot (4)... ‘Wickwire Sp Stl. Wilson & Co. Willys-Overiand Willys-Over pt.... Woolworth (8) .. Worthing Pump.. ‘Wrig WJr (3)... Wright Aero (1). 11% 11% 11% 11 Youngst S&T (5). 68% 68% 68% 68% fPartly extra. §Payable in preferred stock. Dividend rates es given in the above table are the annusl cash payments based on the latest quarterly or half-yearly declarations. Unless lotherwise noted, exirs epecial dividends are mot included. = High. Low. Last. Call Money.... 4% ' 4% 4% HOURLY SALES OF STOCKS. 1l1am.....188 800 1p.m..... 456 100 12m. 826 400 2p.m..... 606 800 INSPIRATION COPPER PASSES DIVIDEND By the Associated Press. NEW YORK, February 28.—The Inspiration Consolidated Copper Com- pany today omitted its quarterly dividend due at this time. Three months ago a dividend of 50 cents was paid. CEIGAGO BUTTER PRICES. CHICAGO, February 28.—Butter lower; receipts, 7,728 tubs; creamery extras, 47%; standards, 47%; extra firsts, 46Xa47%; firsts, 46a46%; seo- onds, 45a45%. Egge—Lower; receipts, 17,568 cases; frsts, 23233%; ordinary firsts, 31a32. 26 3% 18% 1% 85% 295 26% 8% 33% YEAR'S HIGH MARK Virginia-Carolina Liens Also Much Firmer—Rest of List Unsettled. By the Associated Press. NEW YORK, February 28.—Active buying in Norfolk and Western con- vertible 65, which rose in sympathy With the strength of the stock more than 3 points to a new high level for the year, and partial recovery of Vir- ginia-Carolina Chemical fssues from thelr drastic decline of yesterday, fi tured today's early bond dealings. Reports of a stock dividend for Nor- folk and Western and a possible {lease of the road to the Pennsylvania stimulated activity in the bonds. Virginia-Carolina liens strengthen- ied on optimistic statements from o ficlal quarters regarding the com- pany's affalrs, indicating cash on hand sutficient to meet current needs. A directors’ meeting was adjourned for lack of a quorum. On moderate buying the 7s regained 1 point, the T%s with warrants 2% polnts’ and the convertible . serles A, & most 6 points. Fluctuations through- out the rest of the list were irregu- lar, with a few heavy spols among industrials and wisceilancous bonds. COPPER BONDS FIRMER. Foreign Liens Also Hold Well in Rather Dull Trading. | BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 28.—A re- {covery in bonds of fertilizer com- panies was almost the sole feature !of a dull market In bonds today. The ! trading in securities of the Virginia- Carolina Chemical Company was quiet and prices higher, in sharp contrast with wild market and violent declines of the previous ses- sion. The 7% per cent bonds with warrants attached recovered, selling around 48%, or 8 points above the lowest price registered yesterday. {The 7 per cent bonds were steady but unchanged at 23y Copper Bonds Steady Down. Copper bonds were steadier today. Anaconda €s sold uround 95% and the 7s recovered to ¥ Cerre de Pasco convertible cent bonds advanced 13 points. Liberty bonds were dill, but stead: | Foreign buying has been golng on stea {11y in those tssues and has been an fm- | ant influence in stiffening prices. The represents ital _which is ng refuge in solid United States ernment bonds from the disturb- cconomic ertain- 1 are depreclating European per curren Forelgn Bondx Hold Well. Foretgn bonds were quict, but firm Japanese 6146 sold when issued at {92% to 92%, compared with the high record of 93% paid the other day. French bonds were steady. Belgians were unchanged ‘The market in raiflroad bonds was without particular feature. The prin jcipal activity was in the low-priced securities, which have been o ]!Dh'uuus lately. Seaboard adjust- ment income bs advanced half a point. Profit-taking in Public Service {of New Jersey 5% caused x reaction from the recent high record level of 89, but the undertone was steady. {TODAY’S COTTON PRICES. | Yesterday's Gains Fail to Hold in Today's Market. NEW YORK, ¥Vebruary 28.—The cotton market failed to hold yester- day's improvement during today's early trading. The opening was bare- 1y steady at an advance of 8 points to a decline of 22 points, und the ac- tive months soon showed net losses of 12 to 21 points under realizing % jand a renewal of local and southern May contracts sold off from 2945 under this pressure, which was promoted by disappointing Liverpool cables, the threat of labor difficulties in Lancashire and more favorable weather conditions In the south. NEW ORLEANS, La., February 28. The cotton market opened steady with absence of selling pressure, first trades showing 3 points up on March to 7 down on July. As Liverpool was lower than due, and cables reported renewed fears of labor troubles and the fall of the. Belgian cabinet, the selling soon developed. This sell- ing was helped by a return of favor- able weather in the beit. Prices cased off steadily until May traded down to 29.06 and July to 28.22, or 40 to 41 points down from the pre- vious close. NEW YORK, February 28.—Cotton futures, 11:45 am., bids steady. March 29.47; May, 29.76; July, 29.35; October, 26.17; December, 25.58. NEW ORLEANS, February 28—Cot- ton futures, noon, bids steady. March, 30.10; May, 29. 25.70; December, ‘WOOL MORE ACTIVE. BOSTON, February 28 (Speclal).— Actlvity in noils ‘featured today’ raw wool trading in Summer street, fine nolls golng at 90 cents, half bloods at 85 and three-eighth bloods 4t 75 to 80. Receipts at Boston Wed- nesday were 767 bags of domestic and five bales of forelgn wool. _ RECORD RAISIN SALES. FRESNO, Callf., February 28 (Spe- clal).—Ralsin sales by the Sun Maid Ralsin Growers' Assoclation for the first three weeks of this month have been approximately four times as large as those of the corresponding period of last year. This heavy vol- ume In & dull period is expected to obviate the necessity of reducing prices next summer to move remain- ing stocks. LEATHER PRICES HIGHER. PHILADELPHIA, February 28 (Spe- cial).—Following shoe trade conven- tions In eastern citles, & new demand has arisen for leather. Desirable weights and selections of sole leather have advanced 2 to 4 cents a pound in this market, which shows strength in all departments. _ Foreign Exchange. (Quotations furnished by W. B. Hibbe & Co.) Nominal ' Selling cheeks. gold valve. 3 London, pound. . 4.8665 Montreal, dollar. 1100 selling. 29.72 to Athens, drachma. Msarid, peseta.... Vienne, crown. Jarmw, mark. nhagen, cro Christiaia, crown. Stockholm,” crown. NEW YORK, February 28.—Foreign exchanges firm. Quotations (in United States dollars) : Great Britain, de- mand, 4.30; cabies, 4.30; cables, 4.30% ; sixty-day bills on banks, 4.27%. France, demand, .0421%; cables, .0422. Italy, demand, .0430% cables, .0431. ~Bel- um, demand, .0363%; cables, .064. rmany, demand (per trillion), .22. Holland, demand, .3726. Norway, de- .117. Sweden, .2610. Denmark, .1581. Switzerland, .1733. Spain, .1265. Slovakia, " 0390% " SugoaiaviE, <0157, .000014. Rumania, .0053, Ar- gentina, .3412, Brazil, .1218 +45. Montreal, .9611-16. THE EVENING STAR, WASHINGTON, D. U., THURSDAY, FEBRUARY 28, 1924 NEw York stock ExcHANGE | N. & W.BONDS HIT lol NEW YORK Received by Private Wire Direct te The Star Office. (Bales are in $1.000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Sules. High. Low, Closs. Lib3%s...... 245 097 994 994 Libistd4ys... 82 99-6 994 996 Lib2d 4%s. 320 99-5 991 99-3 Lib3d4%s. 449 100-1 99-31 100 Lib4th 4i4s.. 620 997 99-4 99-5 US4%81952. 152 100-7 100-5 100-7 FOREIGN. Bales. High. Low. 15 101% 101 2 80 80 47 B84 87% 45 101 100% 98 88 101% 101% 88 8% 6% 76% 8% 8% 93% 93% 97 97 101% 101 99% 99% 100% 100 104% 104% 1027 102% 104 205% 88 92 107 107% 4% 8T% 93% 93% 27 93% 88% 99% 9% 97l 79% 92% % 765 6% 95 93 93 8T% 70% 83% 105 100 934 914 96% 97 99% 80% 2% 1034% 115% 107% | Close. 101 80 88% 101 98 101% 87% 6% 8% 93% 97 101 99% 100 104% 102% 104 95% 88 92 107 107% 4% 8% Argentine 7s. Argentine bs. Austria 7s..... Belglum 7%s. Belgium 6s... Bordeausx 63 Brazil 7s. Brazil 8s Brazil T%s . Canada 6%s1929.. Canada 68 1931 Canada bs 1952, Chile 8s 1946 Chile %5 1926 “hile 85 1941 1le 78 1943 Copenhagen 5% Danish Munic 8s A Denmark 8s Denmark 6 T5%s.... 8316847 st 168762, French Govt 8s. .. French Govt Tis. Halti6s. .. Ttaly 635 1926. Jupanese 1st 4143, Japanese 2d 415, Japaneseds....... 1 Japanese 6145 w 1. 199 Jergens UM 6s°47. 1 Lyon 6s. Marseille 6s. Netherlands 6s. . Norway 6s 194: Norway 6s1952. .. Orilent Dev deb 6s. 34 Paris-Ly's-Med 6s. 65 Prague 7% <2 88y 99% 97% 974 9% 92% 1% 76% 6% 95% 93 93 9i 93% 3 87% 1% 3% 105 100 3% 91% 97 97 99% 80% 74 1034 115% 107% Queensland 7s. Queensland 6s Rio de Jan 85 1946. Rio de Jan 8s 1947, Pic Gr Do Sul 8s. . Sao Paulo City 8s. Sao Paulo State §s. Seine Dept of 7 Serbs Crotes 510 §: Sweden 6s..... Swiss Confed 83 6 Ud Kingm 5%s5'29 1 Ud Kingm 5% '37. 79 101% 101% Ud Steam Copen 6s 4 87 87 Zurich 8s.. 4111 111 MISCELLANEOUS. Am AgrChem 755 71 98 AmChainsf6s'33. 8 94% Am Smlt&R 1st5s. 8 92% Am SmIt&R 6s. 4 102 Am Sug ref 65 17 102 AnT&Tevee.... 7 121% jAmT&Tcltrbs.. 13 98% AmT&Tcltrds.. 25 95% AmT & Tdeb5%5107 99% Am'Water Wks 65 3 87 Am Writ Paper 6s. 6 45% Anaconda cvdbis 85 T Anaconda 1st 6s... 92 957 Armour & Co 4135, Armour of Del 5331 | Assoctated Ofl 6s. . | Barnsdalls f §s | Bell Tel Pa 5s Beth Steel %353, i Beth Steel pm bs. . Beth Steel rf 5s... Beth Steel 8 £ 65 | Brier H St 15t 5 | Bklyn Edison 7s D | Bklyn Ed gen 5s. Calif Pete 6% | Contral Leather &5 { Cerro de Pasco §s. Chile Copper 6s. ... Commonwth P 68 Con Coal Md 1st 53 Cuban-Am Sug 8s. Cuba Cane cv d 88. Cuba Cane cv 73'30 Dery (DG) Ts.... Det Edison ref 65 Donner Steel 7s Du Pont de N 714s. Duquesne Light 68 Lt Cuba Sug 7%s. | Empire G&F 73#s. Goodrich 6%s. . Goodyear 85 1931. Goodyear 85 1941. Hershey 63 1942 Humble O&R 534s. Tllinots Bell 1st Gs. Indiana Steel 58 Int Mer Marine 8s. Int Paper 15t bs A. Int Paper 1st 55 B. KCP&LtbsA b2, Kelly-Spring 8s. Lackawa S 68 '50. . Liggett & Myrs bs. Magma Cop cv 7s. . Manati Sug sf 7%3 Marland Oil 7%s. . Marland O 7%s w. Marland Ofl 88°31. Midvale Steel Gs. .. Montana Power 53 Morris&Co 1st 4 %8 Nat Tube 1st 5s. New Eng Tel 58 N Y Edsn 1st 6%s. NYG EL H&P 4s.... NYTel6s'4l..... NYTel6s'49..... NY Tel 4%s. N Am Edison 8s. Nor States Pow Nor States Pow 6s. Northwst B Tel 7s. Otls Steel T%s..... Pacific Gas & El 58 PacificT & T 55 '62 Pan-Am Pete 7s Phil & Rdg C&I & Phila Co 5%8'38. Phila Coref s A.. Plerce-Arrow 88 Producers & Rf Public Service Pub Ser Elec 68 wi. Punta Alegre 78 Saks & Cosf s Sharon St1 H 8s. Sinclair Oll 7s Sinclair Ofl 6% Sin Crude Ol1 5% Sin Crude O1l 6s. Sin Pipe Line bs South Bell Tel 5 Southwest Bell 5s. Sug Est Orfent 7s. Tenn Elec Pow 68 Toledo Edn 1st 78. U S Rub 1st £ 58... U S Rubber 7%s U S Steel st 6s.... Utah Pow & Lt 3. Vertientes Sug 7s. Va-Car Chem 7. va-Car Ch 1% Warner Sugar 7s. West Union 6%85... Westinghouse 7s.. 8 Wickwire Spen 7s. 8 Wilson & Co st 68 3 97 Wilson&C cv 7%s.. 11 Youngsta S & T 6s. 20 96% P DIVIDENDS. Company. Pr. Rate. . Tob. fassaes 114 A, Tov R s, & 3005 Chi. Mill & L. bf. G 1%% s 0 3 105 100 93% a1 96% 97 994 #0% 73% 103% 115% 107% 101% 80 1 97 94% 923 102 102 121% 97% 934 995 87 4314 96% 954 | 84% 89% 97t 99 9% 904 90 95% 983, 95t 108% 98% 97% 941 138 1004 29% 87% 107% 99% 944 81 1047% 91 106% 103% 4 108 % 984 102% 116% 102% 9778 937% 100% 81 84iq 84y 907 1024 92 9614 113% 100% 100% 121 103% o @ @ T e T PR TR P P 3 Sakata 978 116% 102% 100 92% 854 9% 7% 82% 4% 93% 97% 96 107% 8415 105 102% 89 94 3% 48% 102% 109% 107% 1 94 1 8 Payable. Aprll 1 April 1 i Can i Gonis o 2 Meh. 10 Chil b1 Easton Axle Colorado Power. Colorado Pow. pi Elj Nat. Watch. Fed Motor Truck. Ludlum Steel ... ers Siomas Fower._.. 2 " A condti, TARRAZRARR Stromberg_Carb. West Coast Oil. LIVE POULTRY LOWER. CHICAGO, February 28.—Poultry lower; fowls, 22%a24; springs, 25; leg- norns, 18; stags, 32%; roosters, 1 geese, 14. ¢ R | i 94 934 | 974 | Chi Un Sta 634s. .. 9415 | Chi & W Ind cn 4s. 87% |Erfe conv 4s B 71% i Erie conv 4s D. 83% | Gr Trunk sf db 6s. 14 { RAILROADS. Bales. High. Ann Arbor 48 5 b8% Atchison gen 4s. 44 8% Atchlson adf 4s 8 9% 16 97% 11 82% 5 101% 8 86 7 85% 18 16 B&Ocv 4146, B&Oref b5. B&O PLE&WYV {; 80 B &0 SW div 3%s. 974 Bklyn-Manhat 6s.. 70 BkIRT7s'21ct... 7 73% 101% Canadian North 7s 3 112% Canad North 6%s. 111% Canad Pac deb 4s 79% Car Clinch & O 58 93% Car Clinch & O 6s. 97% Cent of Ga 6s. 100% Central Pucific 4s. 25 8b% Ches & Ohio ey 65. 52 92% Ches& Ocvd%s.. 47 Ches & O gn 4% 7 Ch1 & Alton 3%s.. 130 Chl & E 111 gn bt 18 ChlGreat West 4s. 8 Chi M &St Prf 4% 10 ChiM & St P 4s'25. 41 ChiM&SPcvas. 7 Chl M&ST P 48°34. 10 CM&StPgn4lss. 2 CM&StPdb4s... 14 ChiM & St P 68 wi. 28 Chi & NW 6% 1 Chl & N'W 7s. 2 Chi Rys §s..... 11 Chi R1&Pgnis.. 6 ChiRI & Pacrf 4s 25 Ch!-Un Sta 4138 4 18 Chi & W Ind T3s. . CCC&StLTL 65 A. . Cleve Term bs. Cleve Term 533, Colo & Sou 438 Cuba RRGs.... Del & Hudson 5%s. 16 Det United 4%s... 2 Erle 1st con 4s..... 10 Erie con ext 7s. 1 Eriegends........ 72 Erfeconv4sA..... 10 35 . 88 Grand Trunk 7s Gr North gen 7s Gr North genb%s. Hud & Man ret 5s. Hud & Man aj is.. 111 Cent ref is ‘56 11l Central 5%s. Int Rap Tran 58 Int Rap Tr Gs st Int Rap Trans 6s Int Rap Tran 7s Int & G Nor aj 6s. Int & G Nor 1st 6s. Kan City Ft § 43. Kansas City S 3s. .. Kansas City § 5s. Kan City Term 4s. Lake Shore 45°28.., Lake Skore 45 ‘31 Louis & N un! 4s. Louls & N 58 2003.. Manhat Ry cn 4s. Market St cn 58 MilEIRy & L 5s. M&StLrfex5s. 2 39 15 88 1 10 5 26 . 30 20 42 5 1 1 4 12 1 MK & T adj 5s. Mo Pacific 6s. Mo Pacific gn 4s. NOTex &M in bs.. 10 NY Cendeb €s. N ¥ Cen deb 4s. NYCenribs. N Y Cent cn 4398, NYCenLScl 31zs. New Havencd 6s. New Haven 7s. New Haven 7s fr. New York Ry rf 4s. NY Ry rf 4s ctfs. 1 | New York Ry aj 5s. N Y Rys ad) 5s ¢ N Y State Ry 4%4s. NY W & Bos 4%s.. 63 Norfolk & Wcnds. 2 Nortolk & W cv 65 643 Northern Pac4s... § Northrn Pacri6s. 16 Ore & Calif 1st 53 O Short Licn 5546, Ore-Short Liref 4s. Ore-Wash 1st rf 4s Pennsyl gen & Penneyl 63%s. Pennsyl gold 7s. Peorla & E inc 4s Pere Marq 1st 58 Reading gen 43.... Reading gn 4%swl. Rio G West cl4s. .. St LIM&S R&G 4s. StL1M&S4s'29... StL&SFpldsA StL &S Finc 6s. StL&SF5% D. StL&SFadjés.. StL&SFpl6sC StL S 1st ds St 1S W con 4332 St PUn Dep 5%s StP & KCShL 4%s. San A & Arn P 4s Seab'd A L 4s. Seabd AL dssta.. Seab'd A L ref 4 omEana®s Seab’d A Liadj b Seab’d A L con 68, Sou Pacific 43 1929. Sou Pacific cit 4s. Southern Ry 1st 63, Southern Ry gn 4s. Southern Ry 6%s.. Southern Ry 6s ct. Third Ave ref Third Ave adj bs... Tol StL& W 4s Unlon Pac 1st 4 Unlon Paclfic cv 6s. Union Pac 1st rf bs 12 10044 Virginia Ry 1st5s. 3 93% VaRy & P 1st 55. 90 Wabash 1st bs. 97 Western Md 4s. 61% Western Pacific 68. 82% West Shore 1st 4s. 80 Whel & LErf4%a b b7% ‘Wisconsin Cent 4s. 5 78% 9 1 1 3 1 4 104 891 26 80% % 6815 78% 6% 3% 37 1 1% 603 48 863 111 80% 102% 99% 101% 93% 80 100 108% 107% 21% 92 80 88% 62 % 86 67% 63 1§ T4% 100 1% 814 96% T4% 4% 65 64 b51% 62% 74% 98% 82 964 69% 103 9% b4 47% 17 89 103% 100 93% 894 97 61% 82% 80 57% 8% 104% 56 66% 56% 64 103% 112% 106% 98% 82% 61% 100 100% 62% 62 61% 861 b51% 92% 6% 68 88% 81% 95%, 924 88% 99% | 69% 99% 83% 21 22% 5% 80% €64 TV 54% 20% 634 68% 104% 8915 96 80% % €8% 9% 5% 374 37 1% 1% 60% 4 86% 118w £0% 102% 99% 1013% 93% 80 100 108% 107% 21% 92y 90 88% 62 6 86 684 63% 9w 16% 1004 7% 81k 964 T4% 4% 65 64 62 b52% 61% 82% 80 57% 8% TOTAL SALES (Par Value): 1:a.m..2373000 12noon 4 249000 1 p.m..5 490000 2p.m....7122000 SHORT TERM SECURITIES. (Quotations furnished by Hedmond & Ce.) —Noos.— Aluminum Co. of Amer. Ty 1035. Aluminum Co. of Amer. 7s 1833, Ainerican Cotton Oil 6s 1924. American Sugar 6s 1087... Amerfcan Tel. & Tel. 6 1925. a Copper 6s 1929. :::f:fmmcm‘ 01l Tie 1925, Baltimore & Ohio 8s 1 Central Leather 5s 1925, Bell Tel. of Canada Ss 1935 dian Northern 5! 1 A N Pacine S Du Pont 73s 1881.. 5 11l Bos & Fue 76 1938, Goodyear T Great Noi Gult Ol C Humble Ofl Hen . of Pa. sarp. Pe. Westinghouse E. Wisconsin Edison Go. Wheeling Steel Corp. 66 1025. Bld. 102% 106% 100° 101% 12035 101 Otter. 102% 108% 1003 102% U. S. TREASURY CERTIFICATES (Quotations furpished by Redmond & Co.) March 15, 3 lofb'wxz‘ upe B June 15, 1824. Beptembe: 1009-16 10021-32 100518 1007-18 3003.16 100 5-16 10015-16 101 1-82 10316 100083 00 doo% | {white, new, FINANCIAL Grain, Produce and| Live Stock LOCAL WHOLESALE MARKET. Dealers this morning reported that the enticipated drop in the price of ©ggs had been realized. Average re- ceipts were quoted at 28 cents, waile selected stock was quoted at 30 cents. The drop in prices, it is stated, is due to increased receipts. There has been mno decrease in prices in the poultry market the past fow days. The market on both chick- ens and turkeys was reported much firmer this morning, but no changes in meat prices were reported. Cold weather in Florida and the re- cent storm in the Norfolk, Va., sec- tion affected the green vegetable mar- ket. Weather conditions in both sec- tions have improved, however, and increased receipts are expected. Fancy fruits are being received from South Africa and South America and prices are high. Eggs—Strictly fri died, per dozen, 29430; 27a28, Live poultry—Roosters, per 1b., 17; turkeys, per 1b, 25a30; spring chick- ens, per Ib., 33a35; keats, young, each, S1a70 fowis per Ib, ZAZE g ressed poultry — Fresh - kille spring chickens, per 5a38; per 1b., 32a33; per - turkeys, per a3h; keats, young, each, 80a8b; roosters, per 1b,” z0. Live stock—Calves, choice, per Ib., 13al4; medium, per 1b., 12a13; thin, per 1b. 6a8 Lambs, spring, per ib. 13. "Live plgs, 3.00a5.00 each; live hoEs. per Ib., 7 e el reen fruits—Apples, per s 50a%.00; box, 1:50a.00; per barrel, 200 86.00. 'Californla oranges, per crate, 3.6024.50; Florida, 3.00a3.76, Lemons, er box, 3.00a3.50. Grapefruit, 3.00a .75, Cranberries, 4.00a4.50 per one- half barrel. Vegetables—Potatoes, nearby, Der barrel, No. 1, 2.50a3.00; No. 2, 1.50a 2.00. Potatces, round, ver bag, 275 .25; sweet potatoes, 8.00a9.60 per bar- Southern lettuce, per crate, 1.50a 4 Iceberg, 3.2523.75. Cubbage. northern, 2.00a2.50 per 100 lbs.; Fior- ida, 2.25a2.50 basket; nearby, 1.00a1.30 barrel. Tomatoes, Florida, 8.00a4.50. Beans, southern, per basket, 4.00a7.00. Peas,’ per basket, 4.00a8.00. Celery, 2.7623.00. Squash, 4.60a6.00. Yeppers, per crate, Fiorida, 2.50a4.00. Eggplant, 3.00ai.00.° Kale, per barr! 2.0042.25. Spinach, per barrel, 4.504 5.00; Texas, per basket, 2.00a2.25. Texas beets, 2.50a2.75; Carrots, 2.00& 2.25. Southern cucumbers, per bushel, 6.00a8.00. Carrots, 100-Ib. saclk, 3.2 3550. Brussels sprouts, 30 Florida | iima beuns, 2.5025.00. GRAIN AND PROVISIONS. BALTIMORE, February 28 (Spe- clal).—Potatoes, white, 100 1bs., $0a 2.00; 150-1b. sack, 1.50a3.00; sweets and yams, bbl., 2.5028.00; bushel, 1.00 23.25; beans, bushel, 1.00a3.25; beets, 100, 4.00a6.00; broceoll and kale bushel, 25a30; cabbage, 100, 4.00a 6.00; savoy, bushel, 60; carrots, 100, 4.00a6.00; cauliflower, cra a2.00; celery, crate, 1.75a%.5 cumbers, crate, 8.00210.00; eggplants, crate, 2.5023.50; lettuce, hamper, 1.00 a2.00; onions, 100 1bs., 1.50a2.75; ter plants, 100, 6.00a8.00; parsnips, basket, 60a70; peas, hamper, 2 5.50; peppers, crate, 2.50a5.00 ach, bushel, 1.50al 1.2523.00; squash, turnips, bushel, 35a5 Apples, packed, ©oblL, 2.00a5.00; bushel, 50a1.50; box apples, 1.25a2.00. grapefruit, 1.50a2. oranges, box, 2.25 : pineapple, crate, 3.00 21.00; strawberries, qt., 50250. Settling Prices on Grain. Wheat—No. 2 red winter, :pot, 1.153%:; 3 3 red winter, garlicky, spot, domestic, 1. exports, 15 | quotations; No. 4 red winter, gar- selected, can- erage receipts, hens, Sales—None. Corn—Cob, new, 4.30a4.40 per bar- rel for yeilow and 4.15a4.20 per bar- rel for white; No. 2 corn, spot, 931 No. 3 corn, spot, 90%; yellow, No. 3, new, 8. Sales—None. Oats—! 2 white, 57a57% Rye—Nearby, 80a85; 793 Huy—Receipts, 36 tons. There is a falr ‘demand for desirable qualities of jtimothy, clover mixed and No. 1 clover, for which grades the market is steady. The demand is principally track corn, ! 55555 | 2 rye, spot, per ton, but the bulk of present re ceipts are of low grade and damaged qualittes and are sold at counts. Quotations—No. 1 timothy, 2 28.00 per ton; No. 2, 26.00a27.00: No. 3 23.00a25.00; No. 1 light clover, mixed .50a26.00; No. 2 clover, 22.00a23.00; No. 1 clover, mixed, 25.00a25.50; No. 1 clover, 24.50a25.00. Straw—No. 1 straight rye, 25.00 per ton; No. 1 tangled rye, al8.00; No. 1 wheat, 15.00a16.5! ]Da.l, 17.00a18.00. I DAIRY PRODUCTS. BALTIMORE, Md., February 28 (Special) —Li poultry—Turkey s 00a 0 No.1 pound, 18a30; young chickens, 22a37; leghorns, 32a28: old roosters, 18; old leghorns, 23a24: ducks, » 18a24; pigeons. pair, 40 43; Euinea fowl, each, 0us0 ressed poultry—Turkeys, pound, 18a30: chickens, 20a32; dueks, 28432} old roosters, 16al7; geese, Z0a24: capons, 26a35. Eggs (loss off)—Nutive and nearby firsts, dozen, 29; southern, 28. Butter—Creamery, good to fancy, pound, 47a51: prints, 52ab4; nearby creamery, 43a4b; ladies, 32a33; rolls, 28a31; store packed, 28a29; dalry prints, 29a31; process butter, 39. CHICAGO LIVE STOCK MARKET. CHICAGO, February 2 J AL 'y 28 (United Hogs, receipts, 47,000 head; slow, mostly strong fo 5 cents higher; big packers bidding lower, small quota cholce, 2702325 pound butchers, early, 7.20; good and choice medlum and heavy welght butchers, 7.10a7.15: bot- ter grades, 160 to 210 pound averages, 6.9087.05; packing sows. 6.15a6.40 slaughter pigs slow, 25 cents lower; desirabls strong welght, 5.7546.25. Cattle, receipts, 10,000 head; beef steers and fat she stock, strong to 15 cents higher; early, 11.15; numerous 10.50; light yearlings, 10.00; several leads downward to 7.25; stockers and feeders scarce; tending higher; bulls steady to weak; vealers, 50 cents down; bulk to packers, 10.00a11.00 outsiders mostly 12.00° downwird meaty feeder steers upward to 8.50. Sheep receipts, 7,000; fat lambs, 25 cents higher; sheep, strong; feeding lambs, steady; desirable fat wooled lambs, 15.85a16.35; top to city butch- ers, 16.45; odd lots, fat ewes, 9. (zod and choice feeding lambs, 14. 14.90. TODAY'S CHIOAGO PRICES. CHICAGO, February 2 For tho leads, 9.508 third day in succession the corn mar- ket today overtopped previous high- price records of tho season. Today's new records were in the July and September deliveries, and were roach- ed as soon as business began. Sales. to realize profits led to a little re- action from the best figures, but de- mand continued active, based chiefly on prospeotive curtailment of re- ocelpts, After opening unchanged to half a cent higher, May, £2 to 82, the market kept neac the initial range. ‘Wheat and oats were firm in sym- pathy with corn. The wheat opening, which varied from a_shade lower 1o % cent advanced, May, 110K to 1.10%, and July, 1.10%, was followed by only slight changes during the Eariys trade: Oats started at % cent decline to %a% cent gain, May, 49% to 49%a 49%. Later fluctuations were nar- row. Provisions took their cue from the corn market rather than from hog values. WHEAT— Open. High. Low. 1108 1 1.00% 110 110 1.107 m” 8] k-l 824 49 o4 1127 et 9.80 10.05 10.37 10.00 j portions, well {owing to the inab: licky, spot, no quotations. | ireview of busine: |February this for hay that selis from 25.00 to 26.00; big ats-| 50a | partment of Agriculture).— ! top matured steers, | RAILWAY COMMON TRADING FEATURE Gains 7-8 of Point—Colum- bia Graphophon_e’s Plan. Other Financial Notes. Decided strength in the com stock of Washington Raflway s Electric Company, carrying with it net advance of % of a point, was the outstanding feature of toda trading on the Washington Stoc Exchange. This security opencd : the day's high, 71%. dropped bac % und recovered its high on of sixty shares. The remainder of the sesston wa: listless. Capital Traction stock w unchanged at 34%, but Wash Gas eased off to 43% on saley chares. Three shares of Americar Security and Trust Company sold at 30 Utilitles monopolized bond tradis Capltal Traction 58 brought 97, W ington Gas 6s, 100%, and Railwa; were unchanged at 72. Bankers Favor Gold Loan. It is notewerthy that total loa discounts and investments of leadins banks throughout the country ;\33 now within 4 per cent of the total in May, 1320, when the post-war bos reached its height. In 1320, howeve. leading banks were barrowing mo: than §2,000,000,000 from federal serve banks, leaving the reglors: banks with an alarmingly low rata and makfng liquidation imperative. Condlitions are now completely versed. avallable, leading banks owe atout one-sixth much to fed reserve banks as they owed four y ago; federal reserve banks ratio nearly double that of 1920, eir earning assets are so low any further reduction will result revenue belng tco small to pay penses and dividends on stock. Wh in 1920 it was certain that expansio would be checked, it now seems rea sonably certain that it will be creased. Bankers say a part of our surpl credit might be used to rehabilit. Europe. If a gold loan of large pro- secured. can be ar ranged, that might Solve the presen! problem, the consensus 1ds. ) &4 neither bank loans nor investme are increased in the near future, lower interest rate, it is thought, inevitable. Columbia Graphophone’s Affairs. 1t is expected that the Columbi Graphophone Company, Inc., will suc- ceed the present Columbia Grapho- phone Manufacturing Company © ch 1. Reorganization plans approved by the holders 3$20.000,000 of the $23,510,4 bond. nd other claims. Personal Meation. James Trimble, vice president the ional Bank of Washingto will lecture before officers of ti. Supply Corps. United States Na tomorrow afternoon at 3 o'clock ¢ “Bank Examinations.” The credits class of Washi Chapter, American Institute ing. will not meet tomorrow y of Instruc Starkloff to be present. Reserve Bank Reports. ederal Reserve Board conditions, public today, reported that the us expected siump following the holid: Was narrower in scope in January ear. Coupled with the increased outpt in basic_commodities was a heav! !demand for credit for commercial pur [porpfi-. indica & continuation of |healthy business development, the re view said. Production Increases were mos: marked in steel ingots, lumber znd | bituminous coal and in the mill ¢ { sumption of cotton. Contract i i for new bulldings were slightly high er in vaiue in Ju v than in De cember and were 26 per cent greater {than in January, 1523 i Along with the increased prod: tion in basic commodities there was a {Tesultant increase in railroad ship ! ment. Compared with a year Janu. department store sales were 7 per cent greater, although the stoc of the reporting stores were ellght] aller than those on hand in Jan 1923. The volume of borrowing for com {mercial purpeses at member ban tof the Federal Reserve System in the leading cities, after an almost con { tinuous decline for more than three {months, increased considerably, ths ireview showed, the increase being particulurly notable in the last two weeks of January and first two weeks of the present menth. been about notes, The 3 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY HAMMOND, La., February 28.—Wit: plants in full bloom and the thermom- eter around the freezing point, straw berry growers here are alarmed over 1t is doubtful if the crop freeze. 1If the shipments wil! The acreage i ear. + the outlook. nd another weather moderates Ibegin about March about the same us last HOUSTO bruary u5.—Eggs have n another drop in the local mar- sents a dozen wholesale, bu poultry prices are advancing. CITY, February 28.—Loc bakers report a decided increase | uropean demand for pumpernickle read. Large shipments are being sent to Germany DENVER, Febru; the increased activity ing in the Cripple Creek district & found in the reports of the.Souther: Colorado Power Compauny, which show that the gross business of the cor pany for the last month has been 3 per cent above that for the cor: sponding period of 1 ST. LOUIS, February 28.—The Louls Southwestern rallroad will ret this year 1,000 wooden box cars and place them with forty-ton steel und Evidence of of metal m According to last statement,, | 2 frame box cars at a cost of $2,400,000.7 ATLANTA, February Automeo bile shipments to Atlanta for souti eastern distribution have become s heavy that the Southern Railway | started a daily “automoblle spec a through fast freight from Cincl: nati here. Special treminal facilitic« will be installed to handle the bus! ness. NEW ORLEANS, February 28.—The rice market is strong for all grade of cleaned rice, with demand actlv and choice lots bringing best prices of the season. Fancy Blue Rose Is selling up to 5% cents a pound and new crop s bringing 5.12 in the con tract market. POTTSTOWN, Pa, February 28— The Light Manufacturing and Foun dry Company has purchased elght bulldings, with two acres of floor space from the Bethlehem Motors Company, to meet requirements of a program of expansion. ey PRICE OF LEAD RAISED. NEW YORK, February -28—The American Smelting and Refining Com- . pany today advanced the price of lead from 8.70 to 8.90 cents per pound. TODAY'S RATE ON SILVER. LONDON, February 28.—Bar silver, 33 5-16d per ounce. Money, 2% per cent. Discount rates—short bills Ifi- 3 9-16 per cent; three-month 3 7-16a3% per cent. t