Evening Star Newspaper, March 1, 1924, Page 14

T4 SOUTHERN RAILWAY, GOES STILL HIGHER Good Buying in Other Stocks Also Reported—Rubber Shares Turn Weak. ®r the Associated Press, NEW YORK, March 1.—The weak- yiess of rubber shares and a few other individual issues failed to up- sct the general list in today’s stock " ket, with the result that buyers entered the market with considerable confidence in the final hour. Some of the rubbers established new mini- anum prices for the vear, and Mar- ket Street Railway prior preferred dropped moro than 4 points. Southern Raflway touched another w high at 51, and Reading and Norfolk and _Western also ~ were Chandler, Mack Truck, Max- White Motor: Schulte and Woolen d upward nd United Cast Pipe s over 4 points. osing was Sales upproximated 460,000 MOVES GREATLY MIXED. Many Weak Spots, But General List Remains Steady. BY STUAFW WEST. al Dispateh to The Star W YORK, March two-hour trading the wovement was extremely v At hte cutset heavy selling down upon the rubber and ti ports that the vnp u the tire Kelly point b L—In today's period > share: able con- trade had not been sficld got down @i ditions Fefieyed within drop selling ex- lower e r of the the rubb w pup. went the Torthw ich have bee under pressure ever since the publ tion a few days ago of the Jan ¢ carnings statements with th showing. Northern Pa- | a new low, and so did St i d Chica North- tern, but Great Northern prefer- offered better resistane General List Firm. X, weneral list flicnced by the uncove W ots and in the ine uuxl to do better. the ¥ resumed in the ri partly getting ready favorable report b next week and, partly Fesponding to the pr ng outlook for this ¢ of busine A remarkable jump in States ¢ Tron Pipe common wseribed to the runni in of t put out at the time the court made xtraordinary n th Suppo 1y lative pr tock was in reality cumulativ ction of Pipe com- n i belies any notion that there has Teen much distribution. Tn fuct, what happened today showed that the floating supply is scarcer than ever. priced \lon refused to be in- ng of th last hour wa Operations for AMack wis Rapid Transit Jumps, Another in which the short e badly treated was Interborough pid Transit. Trade e at the tin action on tan Never saw even a paper profit. were tuking their 1 nhattan stocks, were dr;n\‘ Gokliyne Third “Aven nd_buying of Norfolk was recumed. . Ameri as strong on what appe: vering in tion income profits afte red dividends alent of about | as the fina also | i - show- be some ad of the compan sion of the motor i the prospects, par mment by th rding the expa 1ok bu i e 19 s been e $1.50 a sh r will report March ing that re on the The str arnings of o on awill b Wit s estinuted me on th mo; and allow - Wwas around § six _months 1 ypreferred i me that ti, idends Tu the irned its ctically ot the mpany vidends but %0 that 1 the common in was virtually the full twelve months e ol w i first alf Tor vea the WALL STREET NOTES railway with brother- York Central Wiceling-La thed T Plan. prov L oper cent Marshail set- wag 1 on 1 w Field C wholesale ¢ ler than for same £hov mpany ribution. “ week ago, ko last slight suys eur- of dryy but ¥ wods sma Jurger than Collections Tnent Weekly trade veviews disclose large | Yolume a whole, but ocnsiderable drregularity in various lines. Incresse” in tariff vates on wheat Tariff Commission’s in- st at the White ximum expected to be 4 Annual report ¢ sued in Anacondu Copper will show 100 after according wolders by . chairman, and C. F sdale of Lac d announces company full d and that anton is over N. Y. Stock and Bond Averages. Friday, February 29. awann, STOCKS. stock sales, 872,000 shares Twenty 97.6 High, Twenty industrials averaged 94.88. averaged : low. railre High, 85.90; low, 1924, 2.74. Total hond sales (par value), £10,057,000. Ten first grade rails averaged §5.63; net gain, .12, Ten secondary rails averaged $3.55; net gain, .24, Ten public utilities averaged 5$6,75; net loss, .05, Ten industrials averaged 93.72; net gain, .09, Combined average, 87.39; net gain, .10, Combined average month ago, $8.07: year ago, 87.63. SRS Rubber com- | motor | United | ¥ | Cosde was | amount | * increase of about i improve--| FINANCIATL. THE EVENING / TAR, WASHINGTON, [| NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adams Exp (6).. Alr Reduct (4) Ajax Rubber. Alaska Juneau AICh & Dye (4) . Allis-Ch-Mf (4) Am Agri Chem. .. Am Agr! Chem pf Am Beet Sugar. . AmBrS&F (5) Am Can 16) . . Am Can pf (7). AmC&Fpf (7). Am Chain A (2). Am. & ".P.25% pd Am Hide & Lea... Am Hide & L pf. Am Tee (7). Am Internation. Am Locomo (6).. I'Am Ragiator (4) }Am Saf R (500) .. Am Sm & Re (5). Am Snuff (i14) .. Am Stl Fays (3) . Am Sugar. . Am Sumat Tob. Am T & Tel (9) Am Tob B (12) Am Water Wks. Am Woolen (7).. Am Wool pf (7). | Anaconda. .. Ann Arbor pf .. Arn Cons & Co. Asso Dry G (5) Asso Ofl (1%). At T&STe (6) Atl Birm & At At Coast L (7). Atlantic Ref (4). Atlas Tack Bald Loco (7) Bal & Ohlo (3). Beth St pf (7). Beth St pf (8) Br'k-Man Trpt.. Briiyn Un G ; Butte & Superict. {Cal Pet (1% | Calumet & He j Can Pacific (10). ! Cent Leather Co. ] Cent Lea Co pf. | Cerde PasC (4). | Chand Mot (6)... { Ches & Ohio (4). Chicage - | Chic & Atton pf ar 1 '(-1 (l neu CORETT S Pae |Ch st Min& 0 {C Colo Southern {ColG& L (2 | Col Carbon (4) Congoleum (3) | Consol Gas (3) { Conol Textile Cont Can (4) { Cont Motors Corn Pr Rnw wi. Cd.... | Cructtle St (4 Cub Am Sug (3). { Cuban Cane Sug. | Cub Cane Su pf. | Cub Dom Sugar | Cuyamel Fr (4) ... Davidson Chem { Dome Mines (2 i DuPtdeN (3) | Eaton Ax (2.60). i St Bat (15%) Srie. ... Erie 1st pf. i { Famous P1 (8) : | Fifth Av B (64c) isher Bdy (10). isk Rubber . Fl'chm'n (13%). | Foundation (6) . { Freeport-Texas dner Moto: | Gen Asphalt Gen Elec (8) . Gen Mot (1.20) | Gen Mot pf (6) | Gen Refr (4) ! Gold Dust w. { Goodrich. | Goodrich of (7) uoodyenr pf.. | Gianby Consol. | Gt North pf (5).. | Guantan Sugar. | Gulf Mo & Nor. GM&NDPf(1) | Gulf StStl (3). , Hayes Wh'l (2) | Homestake (6) Housen'd Pr (3). { Houston Oil. . | Hupp Mot C (1) . Illinois Cent (7). indiahoma Ref. . Inland Stl pf (7) Inspiration Cop. lnterb Rap Tr. Int Bus Ma ) ! Int Cement (4) Iut Com Eng (2) Int Mer Marine Internat N Inter Nick pf (6) 1 Intern 4 Kansas & Gulf. .. Kayser Jul & Co Kelly Spr Tire. Kenne Cop (3) . Keystoae T & R.. Lec Rub & Tire.. { Leh Val (3%). ! Leh Val rights Lig & My (new). Lig & My rts. Loews Inc (2) Lof*,Incorpor | Lorilard (12 . ! Louis & Ludlum | Mack Trucks (6) | Mack T st (7) ! ilan Elemd gtd. Mara Ofl Explor. | Market St Ry. | Market SR 2d pf. | MSRprot(6).. { Marland Ol | Mart-Parry (3 Mathieson Alkal Maxwell Mot A Maxwell Mot B. May Dpt St (5) Metro Ed pf ( Mex Seaboard cf. Miami Cop (2). Middie St Oil. . Mis Kan & Tex. .. Mis K & Tex pf. Missouri Paciflc. Missouri Pac pf.. Montgom Ward.. | Moon M (+3%) .. | Mother Lode (1) Nash Mot (1815) ash Mot pf (7). t Cloak & Suit at En & St. Nat Supply (3 Ney Cons Cov. NOrT&M () N Y Air Br (4) N Y Canners (2). N Y Central (7). N ¥ C-Readg rts. N Y C&StL (6). | NY NH & Hart Norf & W (18) . North Amer (2). North Pac (5)... Onyx Hosiery Ol‘phellm (1% { Otis Steel. | Otis teel pf. 1 PacG & E (8)... | Pacific 01l (2). | Packard (1.20) Pan Amer (8). .. Pan Amer B (8). Parish & Bing. Penn Rallr'd (3) Tenn Seab Steel.. Mex Seaboard. .. Open. High. 80 8% 8 1 68% 45 124% 33% 41 81% 80 78% 8 1 68% 45 12% 84 41% 813 114% 114% 41215 101 1% 103 23% 17% 95 284 . 113% 367y 203 8 18% 53 371 84 14 90 92 20% 18% 2215 5% TEN 311 124 36 26% 250 8l u1 100 58% 318 6315 13% 98% 40% 26% 101% 2%, 76% 19% 115% 23% 487% 2 25 18% 11% 4% 9214 52% 1% 48 45% 14% 43% 3 111 100 58% 31 681 1314 984 40% 26% 102 2% 77 20% 116% 23% 49% 2 25 18% 11% 4% 93 53 1% 48 45% 14% 43% 3. Low. 80 8% % 1 684 44% 11% 38% 41 81 113% 112% 22% 95 11% 01 31% 26% 101% 2% T6% 19% 116% 23% 48% 2 25 18% 11% 8% 92% Close. 80 8% 8 1 68% 45 11% Pere Marq (4) Phila Co (4) . Phila& R &I wi. Phil Mor (50c).. Phillips Pet (3).. Plerce-Arrow. ... Pierce-Arrow pf.. Pierce Oil. . Plerce Oll pf. Pitts Coal (4). .. Pitts Util pf 95¢. . Pitts Ut pf cf 5c, Pltts & West Va. Postum Cer (4).. Pub Ser N J (4).. Pullman Co (8) .. Punta Al Su (5). Pure Oll (1%) Pure Ol pf (8) v Cons Cop. Reading (4). . Reading rts. . 0 1t pf 2 3o 2d pf (2) lmnlnmou Type. Rep Ir & Steel. ey Tob B (3) Roy D'tch (3.46) St Jos Lead (12) St L San Fran. 69 54 26 23% 39% 5t L S'th pf (5) ... 601i chulte (§8)..... Seaboard Air L... eab’d Air L pt. Sears Roe & Co... Shell Un Oil (1) .. Shell Un pf (6)... Simms Pet.. . inc Con Ol (2) . kelly Oil. - ss-Sheff (6). . 0 P Rico Su (6) Scuth Pac (6)... 10 21% 90 181 94 31% south Ry pf (5).. t Oil Cal (2).... LOINJ (1).... t Oil N J pf (7). Stew’t War (10). »rine Boa Superior Oil Tenn C & Ch (1). ‘hird Avenve. . .. tide Wat Oil (4) Timken (13 Tob Prod (6 { Tob Prod A (7).. Tob P'rod pf (7)., Transcont Oil. 434 | ume of tra 56% | 1021 | Foreign 5 [ Air Line 115% | aed | very ) Ve 128% | (ien 31 49.., l)ssmel (15%). U S Steel pf (7). wh Copper (4) to Cliem B Va-Caro Chpt. .. V Vivaudou {2).. Wabash Wabash pf A. | Web & Hel A West Maryluand. .. West E& M (4., Wheel & L Erie. Wheel & L Er pf.. g Ol (2).. White Mot (4 Wickwire Sp Stl.. Wiliys-Overland. Willys-Over pf.... | Wrig WJIr (3)... | Youngst S&T (5). Partly extra. §Payable TAXNEWS REPORTS HELP BOND PRICES Trend Upward in Rather Dull Trading—U. S. Government Obligations Strong. BY GEORGE T. HUGHES. ch to The Star. YORK, March news that the House had voted for the Longworth compromise tux bill by un overwhelming majority strengthened the tone of the bond market today. While no unusual ad- vances were registered and the vol- ding did not increase, the trend was upward. Lllm!ly bonds were strong all around. United States Treusury 4%s sold at approximately the highest level of the week, large blocks of zovernment bonds changing hands. government bonds were around recently quoted prices. supon bond list seasoned such as Ca Pacific v York Ce higher. conitnued 1.—Definite hand, in sympathy hich went to a the year on poor earn- s for January. Week's Market Reviewed. Duringz the week just ended ctivity in the bond m ve oceurrdd the ar on rumor i W would | ntee the stoek into which th rtible. Virginia Ca honds broke because uspicion that the com- eorganized and honded led down led in specula- uch board . all of which went for the y on turnover, the Southern thrnover; the Southern need Insues Move Up. bonds atso | 1 an unward | eneli s and Ns registered record quotations for the Belgian 8s alto soid_at level of the vear. The those issues was that the Dawes the ronds v na Ch to new I Fore trading in for and pr The was heavy trend, high and comn mething “SALVAGE MEETING” IN DOLLINGS CASE .Repon Shows $169.000 on Hand ! Prefecred stock. | Dividend rates s given in the above tabie | are the mnoual cash payments Lased ou th terly 0 1T early deciasationn s “otherwina nated, eates nds are wot included. iy i Washington Stock Exchange : CALL 10 at 2 at o5 TED DEP Clhiapin-Sacks 76 pfd.—5 st 40, BONDS. Bid and Asked Prices. PUBLIC UTILITY B Asked. a4 108 American Tel. Ameriean T A 1 Lenited ters to st for Distribution Among 5.400 Stockholders. PHILA 1 man: LPHELA, Mare Per walks of life crowded the es distriet court i ge sors . yes- | mee of defunct B L Pennsylvania. 1 by A X tiy ap-, audit White stockhold- it proofs of claim réud an accounting by M that $169,000 is avail- | stribution among b o0 | n stockhold Dollingzs ary pointed unts the o hurn » permit the of receiver, Mr. White able £ eary show o | stockholders (ong). s (short ). WA, Sarber Cold Mtorage Wardinan Park Hotel 6s. STOCKS. PUBLIC UTILITY. & Telga. | Wash, Rws. Wash. R ;i “Ferminal Taxi com. NATIONAL BANK. Capital .. 1302 129 5% ? Wash. Loan & Trust 113 ¢ SAVINGS BANK, 81% | commeree & Savings Last Washington. . g ngs & Com United s '3 | Washinglon Mec ‘.[_ununu | Firemen’s S Kalomal viion 6823 ¢ TITLE 18% | Columbia Title. 98‘,5 Real Estate Ti J!hr’-nlllller Linotype. Ol Dutch Market com. { 1d Duteh Market pfd Lanston Monotyp Security Storage Washington Market. Yellow Cab *Ex righf FISHER BODY EARNINGS. NEW YORK. March 1.—The Fishet Body Corporation and subsidiaries re- port for the quarter ended Japuary 1 last net income of $5,667,176 after charges and federal taxes, equivalent to $5.44 a share earned om 600,000 outstanding shares of no par common stock. This compares with §5,237,912, or $8.73 a share, in the preceding guarter. For the nine months ended anuary 31 net income totaled $15,- 0, or $26.13 a share, 20 6% | 28% © 2 25 18% 11% 3% 924 52% 11% 48 45% 14% 1 i1 had 500 . i | U. 5. TREASURY CERTIFICATES (Quotations furnisked by Redmond & Co.) June 10 SHORT TERM SECURITIES. | Lib 2d 45 IKCP&LLS A D. C, SATURDAY [ox new vonx BONDS srocx sxcuace] Received by Private Wire (Bales are in $1.000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Low. Lib 31s. .. 122 99 98-31 1 98-28 98-28 26 99-6 995 Lib2d4%s... 71 99-3 992 Lib3d43s... 156 100 99-30 99-30 Lib4th 41i6.] 247 99-7 99e5 99-7 US4%s1952.. 135 100-8 100-5 100-5 FOREIGN. Sales. High. . 28 101% .12 80 89 101% 98Y% 102 87% 76% 8% 93% 100 101% 99% 100 104 1027% 95% a1% 87% 2% 95% 106% 95% 88% 94% 93% 98% 94% 881 100% 97 9828 99-6 99-8 Liblst4ys... Low. Close. 101% 101% 80 80 88% 89 101 101 98% 98% 101% 101% 87% 87% 6% 6% 78% 78% 93% 93% 99% 99% 101 101 9% 99% 99% 100 104 102% Argentine 7s. Argentine 5s. Austria Ts. Belgium 7i%s Belgium 6; Belgium 8s. Bolivia 8s Bordeaux 6s. Brazil 7s. Brazil 8. Canada 55 1926. . . Canada 5%s 1929, Canada 53 1931.. .. Canada 58 1952 Chile 85 1946. . Chile 85 1926. . Chile 75 1943. Chinese Gov Ry &s Copenhagen 54s. Cuba 51s. Czechoslovakia §s. 3 Danish Munic 8s B 5 Denmark 6s. Dutch ET51%s Dutch East Dutch East 1 6s'62. French Govt 8s. 51 French Govt 7%s. 101 Hait! 6 9!% 93% 98 Montevideo 7 Netherlands 6 o Paulo State 8s. ne Dept of 7s. S 1007y 10312 111% MISCELLANEOUS. Rubl 3 on ex- i AmT & Teltrds. i Am T'& T deb § Bell Tei Pa Beth Beth ieth s s 95% 108% 97 95% i 100 i Iyn Edison 7s D Sulif Pete 6 “entr. llfi'h ! Fizk Rubber s s00drich 61 Humble OLK 5 | Illinois Bell 1st ‘0 ( 921; 114 101 897 951z 80% 9814 5 1104 1047 Montana Power 58 Morris&Co l~l4l s N Y Tel 6541 N Y Tel 6549 Northwst B Tel 7s. Otis Steel 7 Otis Steel § Pacific Gas & El 5s | Pacific T & T | Phil & Rdx C. ! Phila Co 5 Phila Co ref Gs A 1024 + Pub Ser Elec 63 wi. ! Punta Alegre 7s. (Quotations furuisied by Redmond & Co.) | i | So Por | Southwest Bell 1 | Tenn Elec Pow Tide Wat Oil 6. od: & H ent Northern 78 H julf Ol Corp. of hl e 0l Corp. P 2o sy it Conpe : MeNell & S. i (du\llrr Ol snion Tauk Ca . Rubler Penn Power 65 1924 Western Uuion i 1 i X W Westinghouse Wiscousin 3 Wieellng Steel Corp by W. B, Hibbs & Co.) | Nomiual ' Selling clicel Tondon, pound dolle; Be Rome. lira. ague. Warsaw, miark. Copenhiagen, erown Christiania, crows Stockholm,” crown. Business Barometer FErs i Bl saien s $42.601490 %50, Averuge Closing PYIN & clearances K 5 :073.000 33 Sterling £ ¥ragcs . K Wholesale pric Index No. . $170.55 $185.96 ! va-car Ch 7} i president. ks & Cosfis. nulair Oil 7s. nclair Oil 6 | Sin Crude Oil 5%s. | Sin Crude Oil 6s.... Sin Pipe Line bs. .. outh Bell Tel 5s.. 0 Sug s 948, i 100% 9314 104% 97 95% 1027 114 84 103% 102% T2% 41 10932 42 107% 64 9645 95% 102 96 Steel & Tube Ts. Sug Est Orfent 7 6 8 1 6 4 4 9 1 5 Unit Drug cv 8s. {USRub lIst rf55 - 30 | US Rubber 7 {UsSteelst Bs Va-Car Chem 78, ‘West Union | Westinghouse 7s. . Wickwire Spen is. 3 Wilson & Co 1st 63 7 Wilson&Cev 7%s. 1 ‘Winchester A Ti3s. 2 Youngstn § & T 6s. 39 96% INSURANCE HEAD QUITS. Special Dispatch to The Star, HARTFORD, Conn., March 1.—The resignation of John M. Holcombe as president of the Phoenix Mutual Life Insurance Company was announced today. Mr. Holcombe was with the {company for half a century and was elected president in 1904. He is su ceeded Mr In 1888, when Holcombe was lelected vice president, the company's : its policies, in force, $23, At the close of 1923 its as mssets were $10.000, 17,000, and insurancs 000,000. | sets were $75,360,355; its policies num bered 140,840, and insurance in force as $370,000,000. CHICAGO STOCK MARKET. CHICAGO, March 1.—Following is & report of today’s sales, high, low and closing _quotations at the Chicago Stock Exchange: Sales. High. ) Armour Leather .. 2200 Continental Motors Low. { “743 Mid_ West pr lien. 150 Middle West Util. 30 Mid West Util pf. 50 Montgomery W 30 Mont Ward A 10 Quaker Oats ! 1730 Stewart Warner 205 ergley Total sales, 14, MARCH 1, 954 | by Archibald A. Welch, vice | 1924, rect to The Star Office. RAILROADS. I Bales. High. Ann Arbor 4s. 58% Atchison gen 4s... 87 Atchieon adj 4s... 9% Atlantic CL 1st 4s. 87 ,B&Oprlnl% 97% I B&Ogold 4s 83 B&O6s.. 101% B&Ocv4lks. 86% B & Oref 5s. 85% B &0 PLE&WYV 4. 80% B&OSW div3is. 97% B & O Toledo 48 67% Bklyn-Manhat 3% 112% 1% 79% 100% 85, 925 90 85 40% 85 Low. 58 86% 9% 86% 9% 82% 101% 85% 85% 9% 97% 6% 3% 112% 111% T9% 100% 85 9214 89% 85 39% 85 98 51% 50 55 3% b54% 9Tt Canadian North 7s Canad North 6%s. Canad Pac deb 43.. 15 Cent of Ga 6s. . 1 Central Pacific 43. 5 Ches & Ohlo ev bs. 21 Ches & Ocv 43%s.. 10 Ches& Ogn4%s.. 3 Ch1 & Alton 3%s. . 125 Chi B&Q gn 45'68.. 2 Chi B&QIstrfgs.. 3 Chi Great West 4. 5 ChiM&StPrrdty 2 ChiM&St Pev s, 17 Chi M & St P 4s'25. 35 Chi M&S P ov 4358, 16 ChiM&StPeswi. 6 ChiRys58........ 1 Chi R & Pacrt 45 15 ChiTH& Sb 5 hi-Un Sta St et leve Term Colo & Sou 4343. Cuba R R 5s. Del & Hudson 5 Erle 15t con 4s Erie con ext 7s Erie gen 4s Erie conv 45 Gr Trunk st db 65. Gr North gen 7s. Hud & Man ref 55. Hud & Man aj 5 Int plranss... Tnt Rap Tr bs stpd lint Rap 7 HInt Rup Tran 7s. Int &« Z Int & G Nor 1st 6a. Ian City Ft S 4s... Kansas City S 5s. . Kan City Term 4s. 102% 83 83 100% 64% 105 54% 64% 103% 107 828 61% Long1 Louis & ) Louis & N 5s 2003. . 4 Manhat Ry cn 4s INMK&TYrin M K&T4sB IMK&T6s MK & Mo Pacitic 6s o Pucific gn 4 O Tex & M in §: Y Cen deb 6: Y Cen deb 4s. YCenri 1% bav s9 104% Y State Ry 4 Y W & Bos 4 orfolk & W en orfolk & W ev orthern Pac 4 orthrn Pacr i Ore & Calif 15t 5s. |Ore-Wash Ist rf 4s Pennsyl gen 4ls. | Penn Pennsyl g0ld { Pere Marq 1t 5 IRuulm;z;: n 4s. LIMES R&EG L1 M&S 4 Fopids LSWIstds. .. LS W con 4 P Un Dep 5 P & KCShL 4 b'd A Liref 43 ab'd A Ladj 5s.. ab'd A Licon 6s.. 2 u Pacific 4s 1925, u Pacific ref 4s. . uthern Ry Ist bs. outhern Ry gn 4s. uthern Ry Southern Ry | Third Ave adj 5 Union Pac 1st rf 4s Union Union Wabash { Western Md 4s | Western Pucific 5s. IWheel & L |“ sconsin Ce! e s Central of Georgia Railway Asks I. C. C. Authority. cntrul of Georgia to_reconstruct 100 line between Opelika and a., according to a petition with the Interstate Com- For a distance of hled t fmerce xfurl\ ! Ipoints an entirely new hile for the b a change of al points. xpenditure, for which ilroad filed no estimate, will be by four the ability of the road to | line will be lance of the rade will he o lthe r: ;o and iner LIVEB.POOL COTTON. RPOUL. Mareh 1.—Cotton, in limited demand. Prices good middling, 17.08: middling. 3 15.78; good ordinary, 14.15; 14 1,300 LIV snot, asior: Lindaling, {midaling, ordinary, including lu!‘fis closed irregul 16.54; July, October 14.45; January, 14, RAIL TRAFFIC PICKS UP. { sT. LOUIS, March 1 the first five weeks of this vear, the Missouri Pacific_loaded 15851 more cars here than in the corresponding {period of last vear. In the same “risco road had an increase <, @nd the Missouri., Kan- | sas and Texas one of 1,220 cars. H e { SENECA COPPER REPORTS. ! NEW YORK, March 1.—Statement of Seneca Copper Corporation as sub- |mitted to the New York Stotk | change, as of January 1, 1924, shows {total assets of $7,085,387, including cash of $31,105 and accounts receiv- {able of $7,215. Notes payable were $353,000 and accounts payable $i34,- 48T, Stated capital, represented by 3251000 no par shares was $2,230,000 and capital surplus $2.850,000. 'As the Seneca Copper Corporation and sub- Isigiary, - Gratiot Mining - Company were, until January 1, 1924, still in the development stage, they have made no profit or loss and received no income. - FOREIGN EXCHANGE. NEW YORK, March 1.—Foreign ex- - |changes easier. . Quotations in United States dollars: Great Britain, de- mand, 4.29%: cables, 4.29%: 60-day bills_on banks, 4.27%. ~France, de- mand, .0418%; cables, .0419; Italy, de- mand, .0430; cables, .0430%; Belgium, demand, .03623%; cables. ".0363; Ger- many demand (per trillion JoanY domand, 728 Nerway Sweden, .261 Denmark, .157. zerland, .1732; Spain, .1253 0171; Poland, .00000012; Czechoslo- Vakia,.0290; Jugoslovakia, .0127; Aus- tria, .000014; Rumania, .0053; Argen- tina, 74.26; Brazil, .1200; Tokio, 447 ; Montreal, 96 19-33, 543 1 ‘The net | Vi (Special).—For | FINANC IAL. !Grain, Produce and| Live Stock LOCAL WHOLESALE MARKET. A decided drop in the price of eggs was the Interesting featurs of the week's market, The price dropped to as low as 25 cents, the lowest price recorded for & number of months. Average receipts were quoted at 25 and 26 cents, 28 cents being the price for selected candled stock. There was no_ indication of de- creased prices in the poultry market. Chicken prices were higher and the market much firmer, and the turkey market also showed an upward ten- dency. Young keats this morning were quoted at 80 and 85 cents. ‘The meat market has been dull the past week, it i8 reported, the market on calves and lambs showing a stronger tendency. Beef and pork prices were reported as being reason- % |able. Eggs—Strictly fresh, selected, can- ;lslrd‘ per dozen, 28; average receipts, Live poultry—Roosters, per 1b., 1 turkeys, per 1b., 25a30; spring chicl ens, per 1b., 33a35; keals. young, each, 60a70; fowls, per Ib., 26a%7 | Dressed ' poultry — Fresh - killed | lspring chickens, per b, 35a38: | roasters, per Ib., 32a23; hens, ib., 28a30; turkeys, per’ Ib., 30a35; keats, young, each, 50a85; roosters, per 1b,,” 20. Live”stock—Calves, choice, per Ib. 13al4; medium, per 1b, 12al3: thin. per 1b. 6ag. Lambs, spring, per 1b. §13. Live pigs, 3.00a5.00 each; live hogs, per Ib., 1%. Green rrum——lwpleu, per basket. 5022.00; box, 1.50a3.00; per barrel, 2.00 a6.00. 'California oranges. per crate. 3.50a4.50; Florida, 32.00a3. Lemons, per box. $.00a3.50. Grapefruit, 3.00a Cranberries, 4.00a4.50 per one- lalf barrel. Vegetables—Potatoes, nearby, Der barrel, No. 1, 2.50a3.00; No. 2, 1.50a 2.00. Potatoes, round, ver bag, 27ou i sweet potatoes, 8.00a9.50 per bat- Southe; ce. rate, 1.5 Southern lettu .fip(r <l f‘ab')ag'. northern, ! . 2.50a3.00 Tomutoes, Florida, per basket, et, 4 ')(l 8.00. orida. 2 Ver ‘barre] s _beets, s0. Carrots, 2. Southern cucumbers, per bushel rrots, 100-b. sack, 3.25a sproutd, 30a35. Florida 025.00. GRAIN AND PROVISIONS. BALTIMORE, Md., March 1 (Spe- {cial).—Potatoes, white, 100 pounds, 150 pounds, sack, and 1.00a; Beets, 4\Iua .00. |41id kale, bushel, '40a50. ‘Cabbage, 100, { 1.00a8.00. Savoy, bushel £ lhl A ‘au! mov«er crate, [ busnel, 0, Eggplant .00, hamper. 1.0 “Onions, 100, Oy { plants, 100, 6. 0045 00.” ket, “Pineapples, te Strawberries, quart, 15247 1 Settling Prices on Grain. No. 2 red winter, spot, 3 red winter garlicky, spot, | eXports, no quota- red winter, garlic i . 4.3024.40 per bar-| and 4.1524.20 per ba corn, spot, HA —Receipts none. iket is cleaned up of accumulation and it is expected the Pennsylvania iilroud embario on shipments wltimore will be lifted next wee 'he market continues firm on first | quality hay, but low grades are easy 4 ale. Quotation: e 0428.00 per ton 55 23.00225.00; 50a26.00 1 clover, mix- | 1 clover, 245 i 24.00a 00 No. | 1 straight Tve, No. 1 tangled r; 15.00a18 00 per ton: . 1 wheat, 00418.00. DAIRY PRODUCTS. BALTIMORE, Md., March ! ¢ial).—Live poultr. wuml { oung chil ; T ol roosters,. 16; old ne, 23a24: duck pigeons, pair, 40z . each, 50a60. 1 «Spe- ! . 16a17; geese, 20a24 vons, i dona Butter—Creamery. | pound. 46a30; prints, creamery, 43a43; ladles, 3 | 29a3 ore-packed, 29; dairy prints, 3 ocess butter, 38al9. LIVE STOCK MARKET. CHICAGO, March 1 (United States Department of Agriculture).—Hogs— 5,000 head: 10 higher; de 200 to 300 pound butchers. betier krades {xcilling piss jover, 4.5 ook " ago: N feeders unevenly, 25 1o extreme top matured of- 2.00; best long _vearlings she Stock. 25 to 50¢ higher; cutters and bulls steady; 2 lower. 8. | stocke: 10 fering: 505 canne a7.00: canners and cut vealers, 10.50a12.00. . 8,000 head: re A1l direct; compared g mbs and yearlings higher; aged stock, 25 to 50 fceding lambs around 1.00 Bulk prices follow: Fat 4 15.50216.35; vearling wethe aged wethers, 9.00a10 9.00210.00; feeding lambs, | mostly higher | nigher. wooled [1ambs, 13 13.00a13.75 fat ewes, 14.00a15.00. TODAY'S CHICAGO PRIC) CHICAGO, March lL—Influenced by reports that the wheat tarift would soon be raised, wheat averaged a little higher in price’today during the early dealings. Demand, ever, lacked volume. What pur- chasing there was came chiefly from commission houses and was met by sales from pit traders. After open ing unchanged to ! higher, May 1.10a1.10% and July 1.10%, the market scored slight general gains. Corn and oats showed a downward | tendency. The corn opening, which {varied from the same as vesterdauy's | finish to % lower, with May 80% to [80%, was followed by a moderate general setback. advance, May 481 to 48%, and then {underwent something ‘of a sag. Provisions were weakened by lib- eral deliveries on March contracts. WHEAT— Open, High. Low. Close. May llol Tag 1ol 11n July L11Y% L10Y L1111y L1l 1.10% 818 Septemt) May July - tember +|the ‘dul”v out by als {the opin | velopment to menacing tup to a high rate clipped ] how- ! were e | points, « | uncovered i Oats started at 1§ lower to a shade FORGER OF 250840 CHECKS IS CAUGHT Riggs Bank Official Causes His Arrest—Dawes Urges Banking Action. One of the most notorious « forgers Washington has cven kunw has finally been apprehended in Loui ville, Ky., through the dogs sistence of George O. Vass, vic dent of Riggs onal Bank in collusion with both the Dey ice and the Burns' ed pe - pre ork rtmer Detective This man, whose r B. Rule, but who oy, aliases “Lieut. Col, and “Ralph B, Vu the southern city 3 upon advice forwur v in response to a credit-rating que: from Louisvilie. Rulo has operated extensive! throughout the country during thi. last four years, in which time, bani ers cashed at least vn on a si gle local bank. ions hi known but one about eigh appreherd and sentenced to si onment, when he w d to the Department and tried for impersonat er. However, upe vice of his six months’ sente s allowed liberty through Missouri authori mode operation due to tie fact that he p solely on busine: rms other th: banks. His victime, for tha mo.: part, include merchants, garagesat formed friends. Bankers' Assoclatis d spread for Rule fr time Dun's Review of Week. As reports of bank cle: Dun's Review from loading citi the United States this wee {ior five business da comparison with tl two {mmediate which were for , is not po- sible. Vet the verage f February, lacking one day increa 3 age for that period of last year and i 19.8 per ¢ ome fIgires preceding of points at Ne the cl only, s alse were 1 for all cit for fiv smalle week, wh ble part learings. Dawes Urges Banking Action. bill intr. 1den of tie propos 1 bank ed tetter sent e chairn the measu imiportanc farilure e bankin nendment of federal Controlicr D: vesterday to the Asserting enactment « w matter of utmost Mr. Dawes declared that iegislate is in effect @ promotion se of bLranch banki mong other provisions, permit nationsl banks to engage i branch banking in anv state whos aws did 1ot prohibit the practice, b only within the limits of the city in which the bank is located, Unless some curb were branch ig. Mr. Dawes said, Ul federal sy¥stem eventu would be undermined. The situatior has developed to the point, he Where the qucstion with banks | smaller communities i will be absorbed by eradual priva he condition of th banking system is not it i subject for immediate ntroller Describing bran the bill, wou placed « nation matter 1 critical and action,” co \ banking x un-American.” Mr. Dawes de- « created a condition of ab ntee control over locul finance. sserted that t s was in i essence monopolis n that the the danger of prox its de rtions. would remove OPEN WINTER KEEPS BUILDING RATE UP | Prices of Materials Likely to Go Slightly Higher, Especially on Lumber. Dispatels to The Sat. EW YORK, March 1.—The ope: h Every indicatior t there will be no reduetion 1 prices. In so will be advinces— undoubtedly in lumber. nent of Labor repor employment in Janu ed on returns probable that for industry in gen 1 scasonal drop. Thus the ndustry is not as active as in the summer. However, the fluctu- ation in the index numbers of em- is unimportant. The cause standing fact i 15 a whole, is pretty generally at work. An encouraging feature of the sit uation is the small number of labor troubles but ten new trikes, hese of minor and lo nature, > brought before th Labor ' Department. Rumblings are afoot of a demand coming from the brotherhood for a wage rise. This will be along the lines of the settle- ment made by the New York Central No. one looks for the dispute to reach the strike stage. TODAY’S COTTON PRICES. Heavy Selling M: rks Enrly Trad- ing—Rally Later. YORK, March 1.—There wa al of general selling in 1l cotton market at the opening todav owing to weak Liverpool cables, favorable weather map and the fail ure of the reported improvement ir the demand for cotton goods 10 creat: more buying power. Jirst prices <l a decline of to 44 d old crop months broke to $8 points during the i or twenty minutes. on the ried May contr; new low xground movement. on_futures small one The De NEW a rene ts off to for 0 or into present closed weak : “October, 2 90 to 24.95. 8 S. March 1 opened very active and decidedly easier, first sales showing declines of 38 'to 49 points from the previous close. Liverpool was 60 penny points American points) down, which 25 to 30 points lower than due was 25 Cables gave no other explanation of Tay until that month " traded 0, or 70 points below yes terday's closc, and July dropped t call S AT 27.50, or 64 points do Octol lost 49 points. Dy of first half hour of tr: abated and the murket was stead Spot quiet, 75 points dow on the spot, none; to arrive, £50 bal Low middli : middling, good middling,