Evening Star Newspaper, March 11, 1924, Page 22

¥ INSPECALSTOCKS Department Store Shares i ! !i still Advancing—N. & W. I Issues Again in Demaid. - BY STUART P. WEST, . i Dispatch to The Star.” E FINANCTAL, to | Allted chem (4). iAmA:ranm' :m.:lmunnpc m Begt Sugar ., Am Bfic&.l-.,m Am Can 16) . Am Cun pt (7) Am Chiain & 43 Am Chicle. . . .. Am Express (6). Am Hioc & Lopr.. Am Locomo 18) . i W YORK, March 11.—Monday's| Am Meta) (3)... kelling movement was not followed up in the stock market today. -FPrices ardencd at the opening and subse- uently a number of individual stocKs were bid up. One of these was Gen- ral Electric, although there was othing said in connection with the ise except the old rumor of a capital iplit-up. ). The public have been kept out of tiie last named, not only on account of its very high price, but on account of re- peated denials by heads of the comapauy 4f ansthing immediate in the way of & lon cutting. Some day, however, this e stock are content to bide their time. Famous Players. made only slight re- , as expected, slighty over $15 on e common. As ihe result of the cur- gayable were reduced nearly $1,000,000 during the last siX months of the year. Stood at over $15.000,000. { There would appear to be no limit ment store and retail merchandise All through the decline in ares scarcely went down at all, and vhen the turn came at the end of Oc- p. Since then they have paid prac- cally no attention to the market & ahead. Dry Goods Crosses Par. geross par again, Mav Department Stores was energetically taken in Jpr jump in Woolworth. The inventory item is composed of Potire value of which is hard (o de- ermine. This is what makes Famous Norfolk and Western Stroag. Buying of Norfolk for the reasons ihg the stock across 120. . Interna- up for a time on rumors at a large block of stock long overhanging the market had been taken. Steel shares or_the motors. . Confirmation was still withheld re- yvernment had obtained a $50,000,000 an in the United States a @ i port the frac. But sufficient cre was_given to the story to ;uent sharp advance. It will take s :rfil days at least to determ to_be permanent. The position this time is more frnment has at length awakened to the necessity of taking drastic steps this it will practically have to stop work in the devastated regions al- begin to function. and the question i3 whether the French people will President’s Message Factor. Probably there was some connection stock market and the special mi sage of the President to Congres: I'riday night. There is no doubt, of eourse, {hat if this pressuré proves Bappening from an investment and Business standpoint. jbssibly before the end of the cur- nt week, is looked for by many in 4il prices has been delayed, it was shid, but is expected to follow close gdvances, more o which were an- nounced toda; and Iron Company stated today that had made po contract ust come, and-the weaithy holders of nse to the apnudl statement, show- Iment pdt into effect last October bills But inventories were not reduced, and to the rise in the group of depart- B Keneral market Tast Summer these ber they were among the first to go gregularities, but have kept on push- I Today Associated Dry Goods drew Band and there was another spectacu- catives, positives, films, ete, the 1: stock an -earnings propesition chiefly. often referred to, continued, push- Ylonal Combustion Engineering ran did little, neither did the equipments arding the report that the French r loan in England in order to further short covering and & Whether this change for the better is promising because the French Eov- to balance the budget. In order to do together until German reparations support such a policy. between the better tone in the day urging a 2 per cent tax reduction by Succesiul it will bE & very welcome %An early advance in gasoline prices, the oil trade. An increase in refined on the heels of the recent crude oil e president of the Colorado Fuel e o iiling on 1ts property’ BUSINESS TOPICS. Trade Name Opposed—Closed-Car & Models -Popular. ~ Special Dispateh to The Star. { NEW YORK, March 11 va 1de interests to the word “glos” as the new generic name for rtificial silk has resulted in the ap- g;nn!mvnl of a special committee of he ¢lation BOSTON, March 11.—Closed ecars predominate in the display of mew models_at the Boston show. Dealers declare that sales have Gegun in a satisfactory manner, 3 MINNEAPOLIS, March 11.—Fire in- Shrance companies collected premiums gregating $7.021,735 in eight prin- Fpal Minnesota citles last year. The 1923 losses in thess communitiés: to- taled $5,175,682, S | CURB : AT Prices for Regular Memberships Growing Steadily Higher. INEW YORK, March 11.—Several blds were received yesterday by the afficers of the Curb Market for mem- Opposition tional Retail Dry Goods Asso- to find another name. Sutomobile | SEAT BiD, $6,800. ARVBal 1t (o0c) . Am Sin & Ke (o) Am St Fays 3y Am Sumal for. An T & Per (vy Am Wouvien (1. . Am Wooipe (i r. Anaconda. . I Arn Cons & Co. As80 Lry G (5) O L) &3 1e o) Al BV AT ALCOaSL L LTy AlGuiawl Avangic Rer { AUsUtipcuoisy Bald Lo 3y LT L & Ulug (87 4 Batoplise Min. . Bolhdwet Vo4 cal kel uid) Call & Aris (A7 AL LA (4e) - el Leatier Con Ceart ks Co pi Celit Rib M. Cerdepant (1) Cuand Mot (6) .. s & Uiao (45 CliLagY & Aitos.. Cind o Aiton i Uil GL W et - L& st Al pl.s Lkt & DL €7k Chid Nwa (a) NIEIDPRID annie Cop L D Luppe Cuta-Cum '\ Cuww b e Lol Ly COiSuIY A L4) 5. LUMgULCUL (9 Cutiaus Cigar. . Cuilbui Bas (v g ol Can A4) Cout Ins tv) . Cunt MUEULS: - sa ULl KT 2 AT e T LU S ). Chucib Su PE L. Cub Al SLS A9s - Clabai Cane o Cub Cait Su pa Duw'l Boone Miils Ly (DU e el e BUd A3 . UeiLaw b). uite Miles (). DU tde N ) LUy LsLpL (7). st B A1o%) ... Latun Ax Lot Ldie. ... Famous 11 (). .. FdM&SpE(T). | Fisher Bay (iv). | Fish BO pf (8) { #isk Kub pr A, Foundation (5) . Gen Asphiai Gen Cigar ( Gen Eiec (3) . Gen Eispe (8ucy Gen Mot (1205 . { Gen Mot db (7) .\ | Guodyear pt Gaiiby Cunso b North pi (). Gr Nor Ore (3). Gulf M&N pf(4). GuiL st (5) Homestake (6) Houston Oil. . Hud Mot C (3) inland Stl (2% . inspiration Cop. Intert Rap Tr. . Int Bus Ma (8).. Iut Com Eng (21 Internat Har (5) Iuternat Nickel. ! Internat Paper. Invinzible Oil. Intertype (113%). Iron Frod (1%). | Kan City South.. Kayser Jul & Co Kelly Spr Tire Kenne Cop (3) . Leh Val (3%)... Leh Val rights, . Lima Loco 14). Loews Ine.(2) ! Loose-Wiles Bis. | Lorillard (12) . { Lorillard (new).. | Mclntyre (1)...s Mack Trucks €6) Magra Copper. { Maracaibo Ofl. . { MSRprpf (6). Mariand Ofl. .. ... Marlin-Rockwell 1 Maxwell Mot May Dpt St (). Metro EG f-(7) . { Mex Seaboard. .. Mex Seaboard cf. | Miami Cop (2) Middie BtOH v .- Missouri Pacifie. | Missouri Pac pt {Moon Mot Nat Biscult (3). Nat Dairy (3)... N Y Central (7). N YC & StL (6) Ny C&StL pf(6). NY NH & Hart.. N Y Ont & West. Norfo'k South. . Lok Owing to crippled. wire service.due [to the snow storm the New York |stock market is quoted from 12: |fo the close eniy. - ? Open. High. 68 68 1% 1% - 33 3% 4 115% 114% >zt 184 . 4uby 1awn oSre 101 I s 100 v3 [ - Llare 1oom u IZo% e 1269 it a “~ Aeol Lot 1z sl vera Zom aun btz o 1 B Ao Wo i it ui e Jskse 10gs 1iv P PR Aoz 110 it zan 65% 70 4ala 4abs 200% 208w o1 101 byt ouh 5% 97 395 40% Hute, 90k 212 218 10% 1% 1ok 10K 100 440 15 P 29% 53 Bl 49% 7% 9% 36 9= 26% 84 13% 38% 1k 32 a8% 18% 29 22% 36 695% 31% 65Y% 55t 151 3% 16% 86% 15% 36% 14% a2 4% 18% 28% 224 36 69% 81% 65% A74% 554 151 3% 16% 864 331 100% 100% 75% 13% 84% 85@ 19% 19% 16 16% 1313 4% 34 A9 TR L. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 11, 1924 i ___FINANCIAL. _ PRICESGOHIGHER [NEW YoRk sTock Ex Received by Private Wire Direct to The Star Office i Open. High, Low. Close. e A R 90 90% 90% | Studebaker (10). 100% 101% 100% 101% Zow. Close: | Studebak pf{(7) . 101% 111% 111% 111% 68 68 |suycriorOil..... 4 415 4 0% 10% TennC & Ch Th Th Th 3% SN T Co ). a2k 42w 42w Son Siw | ToxGultS(6%). 61 = 61 61 114% | Tob Prod (8) o ow ¥ 18 > ..o 63K 68Y 62% Tiw | TobFro@ A (7)., ‘sen 88% b4 | TranscontOfl... & gy -66% | Un Bag Pa (8) %ok | Utd Ry Invest. .. adn | USCIP (... 78y S gsblkn:lluco(n.ux.. Th s m (8). 101 00 U B mabher s o o bz | USR1st pf (8).. 5 ¥6 U S Smelting. Yo _1usy | USSteel (5 Fouiw Loun | U SSteel pE (7). 1194 @ e | Utah Copper (4) 667 Wis 101s | Btab Securities. 25 Sdty o4 | Vanadium Corp. 30% s ow| Va-CarpChem... 1% 494 100 | Va-Caro Ch pf. 81 32 42z |V Vivaudou 3). wy ¥¥ |Wubash... 1% 1% | Wabash pf A Blén Lies [ West Maryland. . 10y Adts | Western Pacific. Tiol 12o% | West E& M (4) = - West E & Mrts.. 2% 122w | VD Eag Oll (2). ool wuja | White Mot (4)..0 - 44 | Wickwire Sp St1, Wiison & Co. .... | Witlys-Overland Willys-Over pf.... Wisconsin Cent. . Wis Cen ctfs. ... Wrig WJr€3)... 1Partly extra Dividend rates sre tae_snnual Intest quarterly o Unless otherwise noted, wivydends are, not included. High. Low: Last. CallMoney.... - 4 4% 4% HOURLY SALES OF STOCKS. ila.m 7 200 1p.m..... 274 200 1%m.. 200 Zp.m..... 355 000 [TALIAN LIRA HURT BY DROP IN FRANGS Exporters in" Italy Losing Heavily Because of Break in Exchange. 4 Th 114 114k W 94 044 ok ah iR Gk 88% “ 59 8% 74 T6% " 101% 34% 86 21% 102% 194 86% 24% 80% 1% 84 104 144 3% 9% 16% 62% 14 26% b7 34 18 12 8 36% % 361 361 364 BT 3T ITh 3T §Pavable in preferred stock. xiven in the above table parments based on the h -yearly declarations. exgra or special &9 8% 101 313 86% 254 119% 66% 25 30% 1% 8% 10% 14% 3% 9% 164 62'y 1% 26 573 3% 164 12 85 36% 2% 9% 16% 62 1% 26% 57% 3% 16 115 8 86% 1% 85 36% 36 4. JECTA W Az Adhy Sk vin vy wbiy ol G s den R 11 i1 o o 4vin 40 Lam sow { by o1 ain ah pr— aom 16n buls bon owm DU oum By Radio to The Star and the Chicago Daily News. Copyright, 1024. MILAN, March 11.—The ecrisis of the French franc at first was received with some satisfaction in certain Italian quarters for political reasons. Besides; it was hoped that the franc's troubles might cause improvement of the - lira.” Results, however, have proved these previsions wrong. Firms exporting’ to France who made contracts not in line with the present: course of cxchange are suf- fering considerable loss. Besides, all Italian industry has been hit by Frénch competition because, owing to {he increased value of the lira as compared with the franc, the benefit of customs protection granted by mercial treaties has been practi- y destroyed. The' decreased yalue of one coun- try's money «ivays represents for it the possibility of practicing dumping to_the detriment of other countries whose monéy has not equally depre- ciated. o In spite of @Il this 500.000,000 francs were bought recently by Ital- ian _speculators who evidently are confident of the framcs recovery. z e EX-DIVIDEND TABLE. sMaren g < Amgrican Loco, @ A Toco pt, 4 arch 14— Allied Chem & @se pf, @ { Amerfesn Sooff. q, American Sauff_ pf. American Tel & T American Woolens, q dai At 1T% JETRNS Py luzky 1ozl 10945 109%: Zele zzke dn 685 L9 kb ddby 208% 2084 101 101 byd bY4 bk Uk 39% 40w oW B0 218 asi 29% 29% 53 68 1 B1% Tl Til 9 9% 36 36 24% 24n 17% 18 M 94 4% 25 84 &4 1313 36% U8% 144 14% 82 32 4BY ax% 18% 18% American Woolen pfa Ll Besch Creek R I, q 3 Ol & ¢ ational Lead. o New York L & W, Phillips Petrolenm. Pub Serv of N J, Pub Serv of N I'76 o, Pub Ser af N J 8¢ ot 4 obaces Products pf. a- United Dyewood, & Limited Diewoud by 4 talr Copper, o March 15— Saams Express. a. Advance Eumeis b American Chain, @ American Cigar pf, American Express, q ‘American Radiator, a. American Rolling Mills pf, a Amerfetn Steel Fouad Df, q- Krmour & Co of Tl B; a. Armour & Co of Del pt, @ Coca Cola Conmol Gas (Balt) Consol Gas (Balt), B Cansol Gax (5ale)’pt."B'a Crucibie Steel Co pf. @ Coyamel Fruit, 0. Duluth: Superior Traction BE. Eaton Axie & Spg, q.- Elect Storage Battery. 4 Famous Piayers Lasks. G. Fisher Body of Ohio b, 4. Fleiscmann Co.. a : Gen Gas & Eleci, iam AL DL, 4 Goadyear Tire & B (Can) pt. G- ‘Goodyear Tire & It [Can) B, ¥ic, @ Great Western Sugar. Teat Western Sugar Bf.. 4. e ey Sleet v cates “a.. 84% 85 | Gulf States Steel lst 19 19% l!:lll\d sl“d)pl m"x; % 16% | Laternaiional Cemeni, 1% 9% | Iptecantional Cement ot Tnternational’ Sh 69% 69% Bl 3B1% 65% 5% 1704 17% 554 65 151 151 3Th 37w} 16% 16% 8 86% 83% 82% 30% 30% 51 51 37% 88% 15 1% 52 62 94 9%, 934 534 19% 19% 19% 19% 22w 224 5 5 1% 1% 8T% 3T 26 26%. 25% 25% 52 Koy 33 334 100% 100% 3% 73% (T TN ooy iR O Cmno 2233,83232+ 088N AR A *RR * ansa 'BOND QUOTATIONS “VERY IRREGULAR Wilson Issues Gain, While Chemicals Lose More' Ground. By the Assoclated Press.” NEW YORK, March 11.—Mixed price ‘movements characterized to- day’'s early dealings In bonds, which were featured by a two-point recov- ery in Wilson & Co. convertible T%s and a decline of 2 points in Ameri- can Agricultural Chemical 7%s to a new low price for the year. . Fresh buying of Norfolk & West- ern convertiblo 63, which advanced with the stock: to a high level above 120, was Influenced by reports of favorable progress in leaxe negotia- tions with the Pennsylvania railroad. The brisk upturn in French francs strengthened that government's bond issues and gave a firmer tone to .4u- nicipal obligations. Offering today of a $12,000,000 Nor- folk & Western equipment issue will probably be followed by an early sale of about $11,000,000 5 per cent bonds by the New Orleans, Texas and Woxico “to retire outstanding obli- nations and finance the purchase of the International Great Northern Rallway. BOND MARKET HEAVY. Special Issues Move for Special Reasons—Losses Small. BY GEORGE T, HUGHES, Special Digpatch to The Star, NEW YORK, March 11.—Except for the very high-grade investment Se- curities, bond quotations were de- pressed today and the market was heavy. In only a few cases, however, was = there anything approaching weakness and in these cases there were always some special reasons. American Agricuitural Chemical 7128 made a new low record. At to- day's low they were down 5 polrts from last week's high. The first mort- gage 5s of 1928 to the prior lisn of which the 7i:s ar® subject were not 50 much aftected. The selling of the junior bonds was doubtless due to tncertainty about the outlook for the fertilizer companies generally. The financtal condition of the American Agricuitural Chemical Company itself is strong. American Sugars Heavy. American Sugar 6s, another industrial bond more cr less heavy recently, were well supported around Mondas's low. While unsecured debentures, the high credit rating of the American Sugar Company holds the price of the bonds well above par. United States Rubber 5, the first mortgage on all the cor- poration’s property, were traded In be- low $4, and around the low of the year. On the other hand, the Wilson & Co. bonds all did better, especially the 71gs. In the railroad list the St Paul 4s of 1925 went lower following the statement that the recent buying had not been for the account of the road. It seems to have been a purely specu lative movement inspired by the gen- cral improvement in the St. Paul's affairs and the approach of the time when the refunding problem will have to be taken up. Norfolk and Western convertible 6s made another new high in response to the advance in the stock. Missouri Pacific bonds were firm, but generally speaking, specula- tive interest in junior rails was negli- sible. Freneh Growp Hi In the foreign group, French were a little higher again in thy with franc exchange. was especial activity in the Lyons and Mediterranean 6s. Among the mid-European {ssues, City of Greater Prague 7%s duplicated their recent high. Finland 6s attracted at- tention by their activity between §9 and 90. High-grade domestic bonds were firm, but inactive. ~Libertys were steady. American Telephone and Tel- egraph debenture 53 s sold at par for the firsttime in some time. 6. F. REDMOND WAS INDICTED IN 1918 Broker Agrees to Appear in Court to Answer Recent Mail Fraud Charge By the Associated Press. BOSTON, March 1 mond and James Lamont, treasurer and president of G. ¥. Redmond Com- pany, Inc., investment brokers, whose offices in New England and elsewhere were closed last week by federal in- junction, agreed to surrender today to federal officers on warrants charg- ing use of the mails to defraud. The warranty were issued yesterday and later it was said at the federal build- ing the officers of the company agreed to be present In cburt voluntarily. Before the warrants were issued conferences were held by the Unite States district attorney with post office inspectors and others. The fed- eral grand jury has been summoned to meet March 18, and it had been belleved that noe criminal proceed- ings would be started before the grand jury reported on the brokerage Case. Federal officials announced after a search Of ‘their records that in De- cember, 1918, George F. Redmond and Stephen J. Gnash of Arizona were in-. dicted by the federal grand jury of Paris, —George F. Red- | LIBEett & Myrs 5 Received by Private Wire Direct te The Star Office. RAILROADS. Sales. High. (Bales are ia $1.000.) UNITED STATES BONDS. (Fractions represent - thirty - & Example: $8-3 means 98 3-32.) % Sales. High. Low. Lib3%s...... 18 k25 98-24 Liblst4%s.. 74 99-2 98-31 Lib2d4%s... 496 99 93-20 Lib3d 4% 94 100 99-30 93-31 Lib4th 4is.* 350 992 98-30 99-2 US4Ks1952. 174 100-3 100-1 100-2 FOREIGN. Bales. High. Low. 5 101% 101% 3 80% 80% 15 89% £8% 17 99% 99% 3 98 98 49 100 99% 19 88 87% 7 6% 15 2 93% 93% 11 97% 97Tk 154101 100% 1100 100 100 5 100 2103 102% 18 104% 104 3 95 95 4 41% d1% 108 87% 1108 4 8% N% 5% 9 92 8 9% 6 107% 106% 5 108 107% 2 p4% 94 87% 93% 2 8T% 93 2:30. 98-24 99-1 98-31 2:30. 101% 80% Argentine 7s, Argentine 5s. Austria 7 Belgium 7' Belgium 65 Belgium 8s. Bolivia 2a. Bordeaux i Brazil gs.. Canada Chile 88 1926 Chile 82 1941 Chile 7s 1943 Chinese Gov Ry 58 Christianfa 8s. ... Copenhagen 5 Cuba 5%s. .. Czechoslovakia 8s. 1% Danish Munic 8s B Denmark 8s. Dutch E16%s. 106% 108 94 874% 93 93 86 95% 92% ,99% 97 97 8% 925 (3 5% 91% 110% 824 92 87% 70 8% 105% 94 91% 96% 29% 80 4% 102% 113% 61% 106% 99% 874 102% 23 944 86% 92 102% 101% 122 7% 93% 9% B86% 9TH 96 Bi% 89% 7% 984, 98 97% 90 90% 99 95 108% 96'% 9235 1003 96% 8% 88 108 88% 934 1047 91 107% 104% 108 a1y 103% 101% 100 8% 102 102% 974 93% 100 81% 84% 90 106% % 100 92 1154% 96% 95% 115 114% 4 100% 100 102 89% 9Bk 81 98 100% 833 94K e4% 86% 92 102% 101% 1224 974 93% 100 86% 9T 96 84y 20 974 9815 98 9% 90 994 95 109 96% 92% 100% rs NBORUNGLGERA HRROOHREREN =SB0t PR O S0 89% 108% 98% 93% 1047 98%4 102 102% 974 93% Framerican 7 3 86 o1% Ttaly 6%s 1926.... 84 99% 9674 Japanese 4s... 4 8% 13 3 5% s 110% Norway 6s1943... 3 2% 87% Paris-Ly’s-Med 65.158 * 70 » 105% RiodeJan 831946, 3 94 94 Sao PauloState§s. 2 99% 99% Sweden 6e . 1 102% 102% Ud Kingm 5%s'20 6 106% 106t Uruguay 8s....... 1 102% 102% AmChainstes3s. 2 941 Am SmH&R 6s.... 2 102% AmT&T ol tr 98 28 Am Water wikss 1 8cu Armour & Co 4348 Atlantic Refin 5s. . Beth Steel 513553, Brier B St 1st 5%s Central Leathe; Commonwth P 6 Cuba Cane cv d 8s. Donner Steel 7s. Est Cuba Sug 7%s3. Gen Elec deb 5s. .. Goodyear 85 1931. . Tilinois Bell 1st 5. 100% Int Paper 1st 58 A. Kelly-Spring 8s Dutch Eas. 16547, 12 93% Dutch East 16862, 4 93 5 8% French Govt 8s... 43 95% 95 French Govt 7%s. 52 92% 29% Japanese 1st 433, 23 97 97 Japanese 2d 4%s.. 1 97 8% Japancse 6%s W 1.196 9% 92% 2- 75 6% Netherlands 6s.... 1 91% 91% Norway 8s. D8 10% 92% Norway6s1952... 1 92 92 Orfent Devdeb 8s. 7 87% 63 Prague 7%s...... 10 55% &6 Queensland 7 3 106 Riode Jan 8s 1947, 2 91% 91% PioGrDoSulfs.. 1 964 96% Seine Deptof 7s... 68 80 19% Serbs Crotes Slo §s 18 75 74% Swias Confe L1 13% 113% Tokio 5s. ... 11z 614 61% Ud Kingm 5%s'37. 2. 99% 99% Ud Steam Copen 8s 4 87% 874 MISCELLANEOUS, Am Agr Chem 7358 62 94% Am Cotton Ol 5s.. 10 86% AmSmlt&R 1st6s. 2 92% Am Sug ref 6s 10 101% AmT&Tevés.... 5 1224 55 AmT&Tcltrds. 93% AmT & Tdebpks 33 100 Anaconda cv db 7s Anaconda 1st 6s Armour of Del 5% Associated Oil 6s.. Barnsdalls £ 8s. .. Bell Tel Pa 5s. Beth Steel pm 5s. . Beth Steel s f 6s... Bklyn Edison 7s D Calif Pete 63s.... Chile Copper 6s. .. CinG & E 5%s'62. Con Coal Md 1st 53 Cuban-Am Su 8s. Cuba Cane cv 75’30 Det Edison ref 6 Du Pontde N7% Duquesne Light 65 Empire G&F 7%=, Fisk Rubber 8s. .. Gen Refractres 6s. Goodrich 6%s..... Hershey 65 1942. .. Humble O& 5% Indiana Steel 55 Int Mer Marine KCP&Ltbs A b2. Kayser (3) 7s. Lackawa S 55°50. . Ligeety & Myrs 7s. Jorillard (P) §s Lorillard (P) 78 Magma Cop cv 75. Manati Sug sf 7i%s Marlagé Ol 7%s. . Mexican Petrol £s. Midvale Steel 5s. .. Montana Power 53 Morris&Co 1st 4 %s New Eng Tel 5 N Y. Eusn ist § NYG EL H&P 48 41. NY Tel 4¥s. N Am Edison 6s... - Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 7%s. Otis Steel 8s. Pacific Gas & El 53 Pac Tel & Tel bs Pan-Am Pete 7s... Phil & Rdg C&I 5s. Phila Co 5%s'38 Phila Co ref s A.. Pierce Oil deb 8s.. Producers & Rf §s. 94 2% 943 914 91 - 4 109 90% { 96% | 88 | Atchison gen 4s Atchison adj s Atlantic C L 1st Atiantic C L el 4 B&QOpriniks B& O gold 4s. 10 aemenSann B&OSWdiv3a Bklyn-Manhat 6s. Canadian North 7s Canad North 634s. Canad Pac deb 4 Car Clinch & 0 Centof Ga 6 Central Pacific Ches & Ohic cv 5s. Ches & O cv al4s. . Chi & Alton 3s. ... Chi & Alton 3%s. . Chi B&Q gn 45 '58. Chi B&Q 1st rf 5s. Chi& E Tl gn 5s.. Chi Great West 4s. CM & Puget 54 4s. Chi M & St Pre 4% ChiM & St Pcv 6s. Chi M & St P 45 '25. Chi M&S Pev 4y ChiM & St P 6s wi. Chi& NW7is 9 2 e [STSTSTHEPN - TOI - PO SETTT) oo =R Chi RI& Pgn is. ChiRI & Pacrt 4s ChiTH & SE 68 Chi-Un Sta 4%s Chi Un Sta 6%s. Chi & W Ind cn 4 Cleve Term 5s. Colo & Sou 4% D & Rio G imp 5 Den & Rio G cn D&RGstrt 5 Det United 4 Erie 1st con Erie con ext 7s, Erle gen 48 Erle conv 45 A Erfe conv 4s B. . Erie conv4sD.... Gr Trunk sf db 63. Grand Trunk 7s... Gr North gén 7s. .. Gr North genSigs. . Hud & Man ret os. Hud & Man af ds.. 1l Central 53s. Int Rap ‘iran bs. .. Int Rap Tr 68 stpd. Int Rap Trans 6s.. Int Rap Tran 7s... Int & G Nor aj 6s. . Int & G Nor 1st 6. Iowa Cent rf 4s... Kan City Ft S Ki CitySgs.. Kansas City S 8s. . Kan City Term 4s. Lehigh Valley 6: Louis & N uni 4s. Louls & N 68 2003 " PRGN eNNE AR R RN IR AIRRNGD = Q=R GNAN S Manhat Ry cn 4s. Market St en 5a. Mil El Ry & i 55. MStP & SSMcn 4s. MK&TprinssA. MK&T6sC...... MK & Tadjf 5s.... Mo Pacific 6s Mo Pacific 55 °65. Mo Pacific gn 48 Montrl Tm 1st 55. NOTex & M in §s. VY Centgen 3%s. N Y Cen deb 6s. NYCenribs..... N Y Cent cn 48 '95. NYCenLScl3%s. New Havencd 6s. New Haven 7 New Haven 7s fr.. N Y Ry rf 4s ctfs. New York Ry aj 5s. N Y State Ry 43¢s. INY W & Bos 4%s. | Norfolk & W cv 6s. orthern Pac 3s Northern Pac 4s Northrn Pacr | 63. Northern Pac 55 D. Ore & Calif 15t 5s. | O Short L en 53 °45. OresWash 1st rf 43 Pennéyl gen 5s. Pennsyl gen 4% Pennayl gold 7s Pennsyl 63%s Pere Marq 1st 5s.. -t = 0013 10 E1 0169 1 12 e 31 o0 e e D00 01 e 23 B Ty 1 10 68 L e 00 0t ) o3 - - - £ one Reading gen ¢s.... Reading gn 4135wl St LIM&S R&G 4s. IStLIM&S 4s'29.. StL&SFpldsA StL&SFprins: StL &S FincGs. |StL&SF5% D. !B!L.SF‘N‘HG - {StL&SFplésC.. St L8 W con 4s'32 St PUn Dep 5%s. StP & KCShL 4% San A& Arn P 4s Seab'd A Liref 43. Seab’d A Ladj 58 Seab’d A L con 6. Sou Pacific 4s 1929. Sou Pacificref 4s.. Southern Ry 1st s Southern Ry gn 4 Southern Ry 6%s thern Ry 68 ct. Third Ave ref 4s Third Ave adj 5s, .. Union Pac 1st4s_.. Union Pac ist rf 53 Virginia Ry 1st Ss. Va Ry & P 1st 5s.. ‘Western Md Western Paclfic is 12 ‘Wisconsin Cent 48. 2 1:8.1h..2105000 1p.m.5693000 2p. American Cotton Oil 8s 1924. 6% 9% 86% 82% 98 83% 101% 85% 85% 97% 804 % 11% 111 T9% 97% 101% 85'% 2% 89% 584% 40% 85% 97% 76% B1% 53% 51% 55% 79 56% 97% 105% Low. 86 9% 86% 81la 7% 83 101% 86% 85 7% 80% 7“4 11% 110% 79% 97% 101% 5% 91 B9% 58% 40% 86% 94 76% ,Bl% 53% 51% 55 8% 56 974 105% 76% T9% 6 9 90% 4% 83% 69 38 64% 106 544 63% 9% 81 61 89%% 102 97% b4 444 89 ON NEW YORK BONDS@I 2:30. 6% 9% RE% 81% 98 111% 111 9% 97 101% 86% 92 89% 58% 40% B85% 7% 76% 51% 53% 51% B55% 78% 66 9% 106% 6% 9% 76 9% 90% 114% T4% £3% 100% 1 94 89% 97y - 88% 60% 83% TR TOTAL SALES (Par Value): 12noon 4561000 .m. % 6801000 SHORT TERM SECURITIES. . {Quotations furnished by Redmond & Co.) —Noon.— Aluminum Co, of Amer. 75 192 Aluminum Co. of Amer. 7s 1933, Bid. Ofter. 1003, 1068, lGram, Erbdnée and Live Stock LOCAL WHOLESALE MARKET. - Eggs—Strictly fresh, selacted, can- dled, "per dozen, 27; average receipts, Live poultry—Roosters, per Ib. 17; turkeys, per {b.°30a35: <pring chick- ‘ens; per lb., 35a38; keats, youns, each, 60270; fowls, per Ib., 25. Dressed poultry—Fresh-killed spring chickens, per Ib., 35a40: roasters, per 1b., 32a33; hens, per 1b. 28a30; tuf- keys, - per 1b., 35a¢0; Kkeats, youns, each, 80; roosters, per 1b., 20. Live stock—Calves, choice, per lb., medium, per Ib.,-'11a12; thin, per ., 8a8. Lambs, spring, per Ib. 13. Live pigs, 3.00a5.00 each; live hogs, per Ib.,.3. Green fruits—Apples, per basket, §022.00; Box, 1.50a3.00; per barrel, 2.00 . 'California orgnges, per crate, 3.50a5.00. Florida, 3.00a3.50. Lemons, per box, 3.50a4.50. .Grapefruit, 3.00a 3.50. Cranberries, 4.00a4.50 per one- half barrel, Vegetables—Potatoes, barrel, No. 1, 2.00. Potatoes, 3.25; sweet potatoes, .00 per i barrel. “Southern lettuce, per crate, 2.50a4.00. Iceberg, 3.00a3.50. Cabbage, northern, 3.5024.00 per 100 Ibs.; Flor- ida, 2.25a2.60 basket; nearby, 1.0021.50 barrel. Tomatoes, Florida, 3.00a5.00. Beans, Florida, per sack, 4.00a7.00. Peas, ‘per basket, 4.00a8.00. Celery, Florida, 3.00a3.25." Squash, 4.00a6.00. Peppers, per crate, Florida, 6.00a7.00. Eggplant, 2.0024.00. Kale, per barrel, 1.75a2.00. ° Spinach, per barrel. 3.50 24.00. Texas, per basket, 1.25a150. Texas _beets, 2.00a2.50. Carrots, 2.00a 2.25. Southern cucumbers, per bushel, 5.00a8.00. Carrots, 100-1b. sack, 3.25a 3.50. Brussels sprouts, 30a35. Florida iima beans, 2.5024.00. CHICAGO LIVE STOCK MARKET. ~CHICAGO, March 11 (United States Department of Agriculture).—Hogs— Receipts, 35,000 head; 5 to 10 higher; 744 and choice 200 to 325 pound butchers, 7.50a7.60; top, 7.65; desir- able 150 to 180 pound averages, 7.45; packing sows, 6.45a6. d ice welghty slaughter pigs, desirable strong welghts, nearby, per . 2 2 Cattle—Receipts, 11,000 head: better grades beef steers, about steady others, very slow; unevenly weak to 25 lower; top matured steers, 12.00; average weight, 1,498 pounds; best yearlings and ' mixed = steers and heifers, 11.50; bulk fed steers, 8.00a stockers and feeders, very ac- vealers, steady to 25 higher; bulk to packers, 9.50210.25. Sheep—Receipts, 16,000 head; fairly actlve; fat lambs, mostly 15 to 2 lower; sheep, weak to 25 lower; fee nd shearing lambs around bulk desirable fat wooled lambs 'early, 15.00a16.35; choice fat cwes, 10.75; shearing lambs, 15.85. TODAY'S CHICAGO PRICNS. CHICAGO, March 11.—Fresh de- clines in the price of wheat took place today during the early trading. | Bearish aspects of the government report of farmstocks of wheat led o increased selling pressure and forced into operation numerous stand- ing orders to let go of heldings rather than incur losses. Some selling also appeared to be in progr her against buying at Winnipez. Chicago opening prices, which ranged from % o lower, May 1.03% 1o 1.09% and July 1.69% to 1.09%, were followed by a moderate further set- back and then something of a rally Unexpected scantiness of cotn re relative strength to the corm market, After opening unchanged to % oft, May 30% to $0%, prices sagzed a Mttle more and then advanced to slightly above vesterday's finish Oats' were weax in sympathy with wheat. - Starting % to % lower, May 47 to 47%, oats recovered only in part. Despite higher quotations on hogs, the provisioun market lacked suppor: WHEAT- Open. High. Low. — Closs L9, LOBY NG 10w 110% 1.0015 1.08 1iu%y Luvy, Lo 1% 803 Stin s01; st PRICES ARE BOOSTED BY TEN AUTO FIRMS DETROIT, March 11 (Special).—Ten automobile companies have increased their retail prices within the last thirty days, Several other compantes are re- ported to be contemplating similar increases. J. D, Dort, president of the Dort Motor Company, declared today {that it was logical to expect further terials entering into jof motor cars were on the upward trend. Makers of popular priced ca were particularly justified, he because of their small_profit margin. $5.418,510, compared with $3,406,490 the previous ‘week and $2,011.344 the cor- responding week last year, The large increase was due to the filing of plans for a $3,000,000 addition to the J. L. Hudson department store. WHEAT STOCKS OFF 7,000,000 BUSHELS Wheat: stocks in the Enited States were smailer on March' 1 by about 7,000,000 bushels than they were a year ago. Announcement today by the Depart- ment of Agriculture of stocks at coun- try mille and elevators .as 90,396,000 {bushels, and its estimate of 133,871,000 to- jceipts here, only seventy cars, gave | 1105 | jprices advances, since nearly all ma- | the construction | Building permits last week totaled | - STOCK1S STRONG Equals High of Move in To- day’s - Trading — New Treasury Issue Popular. Today’s session on the Washington Stock Exchange will be listed as one of the dullest of the year, the ma- Jority of traders expressing a prefs erence for the warmth of their of- ces rather than braving disagreeable weather. But two (ssues, both on the stock side of the list, were traded in, Capi- tal " Traction stock equaling its high quotation on the present movement by selling to the extent of six shares at 96, while Merchants' Transfer and Storage Company changed hands at 110, twenty shares figuring in the transaction. Liberty Bank Feur Years Old. Four years ago this morning the Liberty "National Bank threw open its doors as a national institution. At that time it had a capital ef $250,000, ‘surplus- of $25,000 and de- posiis of $890,108. Now, four years later, it boasts a’ cap‘ialization of $500,000. surplus ef $125,000, undivid- ed profits ‘of approximately $45.000 and deposits of about $2,900,00. Also an_annual dividend disbursement of 7 per cent is being maintained, and the goal of half a milijon deposit gain set by President Walson four years ago has been accomplished steadily and consecutively. The Liberty National is officered by George O. Walson, president; Edward J. McQuade, vice president; M. F. Cal- nan, cashier; J. B. Skinner, assistant cashler, and 'T. P. Littlepage, general counsel. Bankerw’ Committee to Meet, The law and legislative commit- tee of the District of Columbia Bankers' Association, which {8 head- ed by H. H. McKee, will hold Its In- ital meeting at the organization headquarters, Masonic Temple, Fr day-at 4 o'clock. This meeting is for the purpose of Boing over certain matters that come within its functions, it ‘was said. Treasury Isswe in Demand. Notwithstanding that Secretary of -he Treasury Mellon was regarded as having pressed the money market a trifle more closely than usual in fix- ing the rate on the new ldan at 4 per cent, the certificates are reported in banking fields as in heavy demand. Purchases for the account of bank: ing institutions are on a relatively large scale, their employment of funds for this purpose probably fore- Ling a rather stiffer charge for commercial and “other accommoda- tions. Riggs Hank Declares Dividend. Directors of the Riggs National Bank have declared a semi-snnual dividend of 613 per cent on the $3,500,- ‘00\) capital stock of the institution, payable April 15 to stockholders of record March 31. The action was taken at the regu- lar meeting of the board yesterday. Sinking Fund Purchases. Federal sinking fund purchases in | February were $49.468,150, the second {larzest month in the fiscal year, and jmaking & total for the eight months lo( §268,739,000, as compared with 1$736.318,800 Tor the same period of th | preced. year and $284,018.800 for the | entire. il vear ended June 30, 1923. 1t is cstimated that there will be for sinking fund_ purchases rrent fiscal year $297,144,300, ou'd indicate a balance of less than $30,000,000 to be during the "remaining four 5. For the fiscal year ending J 0, 1925, it is estimated the sink- ing fund will approximate $310,000,000. Reeside Quits Board, 5: Howard §. Reeside; former president ! of- dre Washington Gas Light Com- \pany. resigned from the board of di- ractors of the company yesterday be- cause of ill health and will be suc- ceeded on the board by Willilam King, @ coal merchant and former president jof the Farmers and Mechanics' Na- | tional Bank. Ord Preston succeeded Mr. Reeside as president of the gas company at the annual meeting several weeks ago. CITY BANK'S AFFAIRS IN GONFUSED STATE Trustees Named for Cleveland In- stitution—Money Tied Up in Unfinished Homes. By the Assaciated Press CLEVELAND, Ohio, March 10.—Ap- pointment of three trustees to adjust the affairs of the Municipal Savings and Loan Company, capitalized at 12,000,000, was announced by Secre- tary M. A. Vinson yesterday. The company operates four branches. Ac- | cording to its financiaf statement of | December 31 last, it had resources of , $6,207,225. | Appointment of the trustees was necessary, it was said, because of | the frozen condition of the company's jassets. Many of its loans are on un- jsold or uncompleted homes, * The company’s action was approved by the state buildie. and loan de- !partment and state department of | Commerce. CAPITAL TRACTION AL ANRRNE BN =NNRARABN AR A TR RO D ' CALLS MERGER SUCCESS. Armour President ‘Notes Many 22233 Public Service 5 Punta Alegre 7s Saks & Cosf 7 ‘American Sugar 6s 1937 American Tel. & Tel. 6s ‘Anaconda Copper_6s_1929. this district. Three indictments were returned at the same time, one charg- g Redmond' and Gnash with con- 19% 120451 19%-419% | Internacional Shoe. pl: 23% 28% - 23% --28% | Jomes & Laughlin pf. 68 63 63 5% Uerships, both' of regular and asso- ctate seats, at prices of $£6,800- bid. The offering price was $9,000. Last Norf & WA8) . 1018 100% | bushels’ on_farms, made yesterday, North Amier (2)." | 12108 gether with the March 1 visible supply 4 10145 of 64,072,000 bushels at ‘terminal points, | o %4 123 10214 103% 102 Week a seat changed hands at $6,300. The sharp gain in membership quo- tations is due to an increase in com- niissions and to the fact that the offi- clals are making a very careful seru- tiny of new listings, and a more con- fident feeling on the part of the pub- lic that the exchange has cleaned out the undesirables. LIVE POULTRY LOWER. HICAGO, ~March 11.—Poultry alive, lower; fowls, 23%; springs, 28 roosters, 17; geese, 18. Y . N. Y. Stock and Bond Averages. Monday, March 10. STOCKS. Total stocld sales, shares. i Twenty Industrials :averaged 97.50; net loss, .99. _ High, 1924, 101.24; low, 9438, Twenty railroads averaged 83.43; net loss, 47 - High, 1924, §5.90; low, 82.74" BONDS. Total bond sales (par value), $10,032,000. Ten first grade rails averaged 85.53; net gain, .03. Ten secondary ralls averaged £3.87; net gain, .10. § 7] Ten public utilities averaged $7.00; net gain, .19. S Ten industrials averaged . 93.53; net loes, .03. _ Combined average, 87.48; net gain, .07. Combined average month ago, $7.79; year ago, 86.99, 662,400 North Pac (5) . Qtis Flevat (8).. Otis Steel. . Otis Steel pf... . PacG & E (8). I PacificOI (2) ... | Packard (i.20) Pan Amer (8). tan Amer B (8). Parish & Bing. .Penn C & C (4) Penn Ralird (3) Pere Marq (4).. Phillips Pet (3). Pierce-Arrow. . Plerce-Arrow pt. Plerce Oil. . Pitts Coal (4) . Pitts Util pf 85¢ Prod & Refiners. Pub Ser NJ (4). Puilman Co (8) .. Punta Al Su (5). Pure Ol (1%) .. Ray Cons Cop Reading (4) . ‘Reading rts. . Read 2d pf (2). Rep Ir & Steel. Reynoids 8pr (2) | Roy.D'tch (3.46) St Jos Lead (12) St L San Fran.. St L-San Frpf... St L Sothwest. Santa Ceclila. Seaboard Alr L... Seab'd Alr L pt. Seara Roe & Co. Shell Un Ol (1). Sjmmons Co (1). [ Skelly Oil.... Sloss-Sheff (6).. So P Kico Su (8) South Pac (6) . Southern Ry. Spicer Mfg. StOoll Cal (2) Phia& R& ] wi, * 155% 166 11 u 0% 0% 94k 94k 61% 52% 1% 11% a8 50% 5% 4T 16% 15% 2% _2Th A3 48% 42% a1y i . 34% 554 65% 1T%~"13% 53 63 26077 26 22% 23% d6% 46% 36% 8T% 1% 1% 9 9 19% 19% 89% 304 18% 18% 23% 23% 12% 124 23% 234 834 83 25 26 60% 60% 93% 4% 6% 864 48% B0 144 144 €2 62% e L b | Kansas C.ty P & L 1st pt. i igh Valley, “Valley p! Toew's Ine, . Lotillard P & Co, a. Torillard {" & ‘l;o llifv weum Circuit pf, q. 845 | et Lt 1 Oweus Bottle Co pf, g 1% I Penn Power & Light pf., q. 49% _Fm; Marquette, 0' 4734 | Bierce Arrow pi pf. q : Pure Oil 8% pf, q. 156 1 0% 94% 51% 11% 49 45% 14% 27 43% 425 8% 39% kS 2% 62 12% 156 11 0% 1o BERE FRR] AR R F o T o sl ] hesrgetise,. a3, () 3 164 | Bure 0l 6% 5% o 27 {'Pure OH 8% Pl 43% | Seholte Retall Sto Southwestern Ry pf... Southwestern Penn Pipe. Lines, 0% West Penn, q. Youngstown Sheet & Tube, g.. 9% | Yousgatown Sheet & Tube Br, 25 s geide 2% 3 - 3 62 GOLD EXPORTS JUMP. 1% s itw 24|U.s. Takes Entire Canadian Output léz ‘:2‘ .-, During January. 24% 24%| OTTAWA, March 11.—Canadian ex- 10 10 /| morts:of gold to the United States B5% bb% | during January of this yean reached 16% 16% j.the Tecord total of $2,471,920, as 34% 34% | against $396,768 in January, 1923, ac- B5% bois | cording to Dominion Bureau of sta- %% 375 | Mstica” The United- States was the 23™ 33" 'sole purchaser of Canadlan gold dur- ing uary. 26% 26 |' Exports of Canadian silver during 227 28% |January amounted to 1,493,328 ounces. 46% (63 | Oréat Britain wes the heaviest im- 36k 37 | POTLer, tne United States ranking In g TV p A 1os 1941 . .MEN MAY BUY.STOCK. 184 18% | 28% 23% | PHIGADELPHIA; March 11—A plan 124 12 |'whereby’ its employes may purchase 23% 23y |its atock on the deferred payment 88w 83y |9¥stem is announced by the Reading B B ade by the compang In the o 8% |open market. ¥ns inifial degosit e - sg“ uired beirlg a”n":rma e for the -ifst or second prefe an 48% 50 |35 n shars for the common: the bals 14 14 lance to be .paid in monthly install- 62 62 | ménts: through deductions from the _4subscribing employe's salarg, spiracy to use the:malls fraudulently in “connection -with marketing of stock of the Ranier Mines Corpora- tion of Arizona, a copper mining project. ‘The other two indi¢tments related to the same alleged offense. All three were nolle prossed July 7, 1920. E Have $2,000,000 in Company. CHICAGO, March 11.—A preliminary audit of the books of G..F. Redmond, Incorporated, orgagized by a Boston waiter, branches of which in various cities wete closed last week, shows tyat Chicagoans have more than §2.- 000,000 invested in the company. g s FOREIGN EXCHANGE. By the Associated Press, NEW YORK, March 11.—Foreign exchanges strong. Quotations, in United States dollars: Great Britain, demand, 4.29%; cables, 4.29%; 60-day bills_on bank; mand, .0385%; cables, .0386. demand, .0420%; cables, .0431. glum, demand, ,03301%; cables, .033L Germany (per trillion), .22. Holland, .3718. Norway, .1338. Sweden, .2618. Denmark, .1538. Switzerland, .1723 Spain, .1333. Greece, .0145. Poland, .00000012, Czechoslovakia, .0289. Jugo- slayia, .0124%. ~Austria, .000014¢. Ru- mania, .0053. Argentina, .3387. Bra- ,l“.%. 195. Toklo, .43%. Montreal 1 3 P - PEACH CROP ESCAPES. ATLANTA, March 11 (Special).—A surveéy - completed today showed that the cold wave through the “Georgla peach belt Monday.did not damage the crop to any great extent. State entomol- ogical ‘experts declared -buds were not sufficiently advanced to be very suscep-| tible to a freeze. The cold snap is ex- pected to set the crop back a week or | more, NEW YORK, March 11.—Sales of Loft, Inc., in February were $601,670, against $525,148 in the same month.in the pre yeary Sinvlair Ol 78. Sinclair Oil 6%s. Sin Crude Ofl %48 Sin Pipe Line 56 1% Southwest Bell Steel & Tube 7 Sug Est Orient Teunn Elec Pow 6a. Tide Wat Oll 6%s. Toledo Edn 1st 7s. Union Bag & P Unit Drug cv 8s. U 8:Rub 1st rf 5s.. U 8 Rubber 7%s. U B Steelstbs. Utah Pow & Lt Vertientes Sug 7s. Va-Car Chem 18 Va-Car Ch 7%s w. Warner sunr; Spal w Westinghouse i Wickwire Spen 7s. Wilson & Co 1st 65 16 Wilson&C cv 7%s. 22 Wiison & Cocv 6s. 22 Youngatn S & T 6 U. 8. TREASURY CERTIFICATES “(Quotations furaished by Redmond & Co.) ——Noog, o~ Bid. - Ofter. 100 100 3-32 100716 100 9-16 + 1004 100 27-32 1924..] 100516 100510 jBes it s 100516 101 PRI+ P A June 16, 1924. s Juse 15, s September * 15, 1007:16. 101152 100 mm,\ 101518 101 716 100% 100 % PARIS, March 11.—Prices moved irrgeularly on the bourse today. Three per cent rentes, 56 francs 2 centimes. Exchange on London, 11¢ francs 20 centimes. Five per cent ioan, .67 francs. The dollar was quoted at 27 franc: 18 centimes. Angio-Ametican, Ol 7448 1935 Balto, & Olilo Bs 192 Bell Tel. of Canada 58 i Capadian Northern i 1 Central Leather 5s 1935. 5. A & Paciic 515 1928. 1831 Federal Sugar Ref. isher orp. 6 Govdyest T, & Ty 8s 1081, reat Norihern 7s 188. &002 0i) “Corp of Pa. 538 Humble Oil 5346 1982, Kennecott Copper Libbz, McXell & Libby M., B P, T = e Penna. R. B. s 1000 Swift & Co. s 1832. Tidewater 01l 8i4s 1031 Tnion Tank Car 7s_1930. U, 8. Rubber Ti%s 1930. West Penn Power Bs i Western Union 635 1836. Wes:inghouse E. & M. Wisconsin Edison Co. Gs 1924 ‘Wheeliag Steel Corp. 8s 1926. Company. Am Ex Secyr.A...Q Truns BIk Col pf Hasick Alemite.. - Hassick ~Alemite Cent States EI pt:. D Boane W Mills E Steamship pl. . E Stmship Ist pf. nt Harv Kerr Lake Min.. Pitt Bes & L K. liem Ar 1st pf A fem, Ac 24 ot itegal Shoe p! Utah Pr L pf. DIVIDEND 961y 1&"4 1013 097y GRS, 10734 1007 b4 1 3 = 968, 9% | Boston and Maine, Railroad Plans| BALTIMORE, March 11.—~The regu- lar quarterly -dividend of 413 cent,’or $1.12% a share, has been de- red on._the capital stock of the Maryland Casualty Company; per paya- vle March 31 to stockholders of ree- ord N Mexican make an aggregate supply.of 255,339,000 lhumels on. March 1, as compared with lzes,sxs,wn bushels a year ago. .| USES CHEMICALS ON TIES. Creosote Tregtment for Wood. BOSTON, March 11.—Beginning about Aprl- 1, the Boston and Maine railroaa ‘will begin the chemical treatment. of all the cross-ties and bridge lumber that are to'be used on the road. A creosoting® plant has been erected at Nashua, N. H., with a storage capacity of about 1,500,000 ties and pressure cylinders to treat 5,000 ties-per dav. By this process the Iife of the ties will be prolonged to about twenty years, and will' cut the road's tle bill in hal ton and Malne to buy its ties in New England, as it can.use beech, birch and maple, which grow heré in al: most inexhaustible auantities, NEW STOCK OFFER 0UT. NEW YORK, March }—Warrants entitling stockholders of the Lehigh Valley Raflroad Company to subscribe to shares of interest in stock of the Lehigh Valley Coal Company on pay- ment of §1 a share for each share of railroad stock held will be maited shortly by trustees appointed under the court decree in the segregation plan, it was announced yesterday. Eligible stockholders are those ‘of record on March 15, who will have until Jurte 16 to return’the warrants, TODAY'S SILVER BATES. TONDON, March 11.=~Bar silver, 33% | pence per ounce. Money, 3% per cent. Discount. rates, short and thfee-month bills, 3% per cent. : 3 New York, March 11.—Bansilver, 647 W% g It will also enable the Bos- | Economies During Year. CHICAGO, March 11.—Referring to results from consolidation of Armour | and Morris packing house properties, | F. Edson White, president of Armour & Co., said: “Reéports compiled by Armour & Co show that the increased volume of business handled during 1923, as com- pared with 1922, brought a decrease in the operating costs per unit of product, which reflects & saving of | $5,000,000. When figures for the Chi- ago plant are included the savings will be augmented. « | " “The economies, besides not inelud- { ing_Chicago_plants, also do not i clude the full vear 1923, the Morris purchase having been consummated late in March, 1923. Tt is belleved that atill more marked results will be reflected by figures for a full year.” SEEKS 1. C. C. PERMIT. The New Orleans, Texas and Mexico railway today asked the Interstats Commerce. Commission’ to ‘approve a financial program to refinance itg own standing ~and acquire the Inter- national-and Grest.Northern and the Houston and Brazos Valley. ~ The program contemplates the issue of $25,635,500 in first - mortgame 5. per cent gold bonds—$11,051,500 worth to be gold at $7% .per cent of par, and most of the remainder to be “ex- changed for ths bonds of- the other corporations. The Saline and‘Santa’Fe Railroad” Company .asked the commission. today for authority. to acquire _eighty-one miles of line formerly known es the Saline Northern, exfending from Saline to’ Osborne, Kan, - .~ * BUTTER IS LOWER. CHICAGO, March 11.—Butter lowe ¢reamery extras,- 46%a46%: stan ards, 46 extra firsts, 46a46 fArsts, 45 reconds. dtate. 2 receipts, 19,836 cages: Orsts, 20ad1,