Evening Star Newspaper, April 5, 1924, Page 12

12 THE EVENING STAR, WASHINGTON, D. C., SATURDAY STOCK - MARKET FEATU Qils and Rails Develop Mark- ed Strength—No Check to Upward Movement. ed Press. K, April 5—~0il and rail- developed pronounced strength in today's active jon of the market, but the rest of the list showed considerable irregularity. New Orleans, Texas and Mexico, which advanced six points to a new 924 top, was the individual feature, dividing speculative interest in the rail group with Nerfolk and Western, which also soared several points. Oils were hea ¥ bought on expectation that the impro would stimulate the sale of gasoline. General E tric, Chandler, Can and Baldwin were conspicuously \ealk, selling of these issues eventu- ally bringing about unsettlement in other parts of the lis Agricultural Chemical iss o Mew low levels for the vear, the preferred breaking four points. The losing was irregular. Sales approx- wated 500.000 shares. Rise by Points Noted. Erie first preferred, Missouri Pacif preferred and Western Pacific touched ew highs for the year. Pan-Ameri- an Petroleum and Producers and Re- d the leadership of the Securities broke through to another new high. Sell- 1 again broke out in General Ele ic, off 1%; Chandler oft 1. and \merican Agricultural Chemical pre- ierred off 11» to 2 new low, but failed the rest of the list. loreign exchanges opened strong WEEK SHOWS UPTURN road shares IN GRAIN QUOTATIONS| Corn Receipts Shrink to Low Level. Decrease in Wheat—Pro- visions Higher. By the A CHI ceipts anc talk current that the May deli ery might yet command $1 a bushel, all grain has made a decided upturn in price this weck. Compared with a week ago. corn this morning was 25a2% to 3% cents higher, with wheat 1 to 13 up and oats showing 7 to 1%al% cents advance In provis varicd from ssociated Press. ACO, April shrinking 5.—With corn re- to almost nothing 10 cents decline to 20 eding the rise in grain values mething of a flurry s brought t the gover! * ithe board of trade had called tention to complaints of excess selling of corn—a charge that the corn market had been manipulated and unduly forced downward. eral evening up ot accounts by deal- “rs who had been engaged on the begr side took place, and with corn offerings light advances ir price Juickly ensued. Expectance that the corn and of other be greatly curtailed for at least sev- eral weeks during the rush of fieid work on farms did a good deal to 1dd impetus to the up: 3 the corn market. It wae said, too. that considerable corn had been put under charter for shipment at the opening of lake navigation. Decrea: of supply of wheat the upt: withdraw counted also : dalayed seeding o att Notwithstandi lurd here. pro with grain movement n and d val in store T stimulus. Bes vats received much co increased stockso? W.. B. & A. BONDS ACTIVE Buging Orders Tnstease Follbwing Company's Annual Report. BALTIMORE, April 5 (Special)— The sudden spurt of activity in the per cent bonds of the Washington, Baltiméra and Annapolis electric railway is attracting much attention in the finuancial district. #old at 70 on th Baltimore Stoc Tixchange vesterday. A few wee 4go eules were made on the exchange 49 low as h8. and it is reported that transactions were made without rec- ord 671 Buying ~orders came into the market in_fair volume on Wednes- ay fcllowing the publication of the annual report, ard have steadily in- reased in size =in then. ically all the buying is for local a unt, while the bulk of the selling said to come from Cleveland Though the report of operations of tha company for 1923 was far from faverable, it was much better than some persons had expected and the impression it created have stimulated demand honds. Thera have been several attempts during the last two years to work up iterest In these bonds, all of whic proved failures. The lack of sue- wess, it is said, was due to the fact 1hat every time a buying movement started here the bonds were freely supplied by Cleveland, with the re Ault that enthusiasm' was quickly <ampened. for the BALTIMORE D;IBY f’RICES. BALTIMORE, Md., April 5 (Spe- ve poultry—Young chickens, : leghorn: 5a30; winter, springers, 55a60: old hens, 254 : leghorns, old, 24a25; old roosters, ducks, 25a34; pigeons, pair, 45a50; inea fowl, each, 30a60. Dressed poultry—Chickens, = pound. 23a3 ducks. 30a35: old roosters, 16ali; wapons, 3hat ggs (loss off)— Native and nearby virsts, dozen, 21; southern, 20; duck ezgs, 40. Rutter—Creamery, good to fancy, 38 124 ; prints, 42a44; nearby creamery, ;a38; ladles, 30a32: rolls, 26a28; store packed. 26; dalry prints, 26a28; proc- « s butter, 36a37. N. Y. Stock and Bond Averages. Friday, April 4. STOCKS. Total stock sales, shares. Twenty industrials averaged 95.30; net gain, .39. High, 1924, 101.24; low, 93.08. Twenty railroads averaged 86.32: net gain, .60. High, 1924, 86.32; low, 82. BONDS. Total bond sales (par value), $14,752.000. Ten first grade rails averaged 36.86; net gain, .31 Ten secondary rails averaged $4.93; net gain, .21 Ten public utilities averaged 57.90; net gain, .20. Ten industrials averaged 93.47; net loss, .03. Combincd average, zain, .17 Combined average month ago, : year ago, 86.83. —_— 912,500 $8.29; net ed weather conditions | merican | American | ues slipped | s ions the week's net changes | of | ain as well wouid | the domestic visible | or:s averaged higher | These bonds | Prac- { is believed to | NEW YORK STOCK EXCHANGE Received py Private Wire Direct to The Star Office Close, ! Open. H: 7815 | Missourl Pacpf.. 40 4"0"(. 8 | Montrom Ward.. 25% 25% 67 |Moon Mot (3)... 2315 233 T dec 9 Nash Mot (6).... 106% 106% Nat Biscuit (3). 51% Nat Dairy (3) 32 Nat Supply (3).. 65% NevConsCon.... 13 NOrT&M(T).. 113% NYABra(4).. 49% N Y Canners (2). 25% N ¥ Central (7). 102% N Y C-Readxrts. 2% NYCS&StL(6). 75 Ny C&StLpf(6). 84% NY NH & Hart.. Norfolk South Norf & W (18) North Amer (2). North Pac (5) Okla Pr & Ref. Orpheum (1%).. Otix Elevat (8). Owens Bot (3). Pacific Develop. .. Pacific Ofl (2) Packard (1.20). Pan Amer (4) Pan Amer B (4) . Panhan Pr & Re. Penn Rallrd (3) Penn Seab Steel.. Pere Marq (4).. Pere Mar pf (5) Phila Co (4) Phila & R&L.... Phil Mor (50¢).. Phillips Pet (2) Plerce-Arrow. Dierce-Arrow pf.. Pierce Oil. Pitts Ut pf 1. Pitts & West P&W Vapf ( Presa StiC (4 Press S C pf Prod & Refinars, Pub Ser N J (4) Pullman Co (8) Punta Al Su (3). Pure Oil (134) .~ Rand Min (235) . Ray Cons Cop. Reading (4) Reading rts. Remington Type. Rep Ir & Steel. Reynolds Spr (2) Rey Tob B (3)... Rey Tob pf (7). Roy D'tch (3.46) Rutland pf. . StL San Fran St L Sothwest. . StLS'thpf (8).. Savage Arms. Schulte (§8) Seaboard Air Seab’d Air L pt.. Sears Roe & Co... Shell Un Oil (1).. Shell Un pf (6)... Simmons Co (1) . Simms Pet... . Sine Con Oll Skeliy Oll | Sloss-Shei So P Rico Su (6) So Por R S pf (8) South Pac (6) Southern Ry (5). South Ry pf (3). Oil Cal (2). StONNJ (1). 67% | Sterling Pr (4 31% | Stew't War (10). 23% | Studebaker (10) 524 | Studeb: Open. High. Tow. AdamsExp (6).. 77 8% 77 AdvRumley..... 8 8 Allied Chem (4). 67 67 AjaxRubber.... 7 17 Alas Gold Mines. % Alaska Juneau.. 1w Allis-Chalm (4). o Am Agri Chem. .. Am Agr! Chem pt Am Reet Sug (4). 3 67 AmBrS&F (5) Am Can 16).. ‘Am Chain A'(2). Am.&1.P.25% pd Am Hide & L pt.. Am Internatl. Am LaF FE (1). Am Linseed. . Am Linseed pf. .. Am Locomo (8).. Am Meta) (3). A2 Roll M pf 7). Am Ship & Com Am Sm & Re (5). AmS &Rt (7). Am St Fdys (3) ., Am St Fpf (7).. Am Sugar. | Am Sumat Tob Am T & Tel | Am Water Wka. . Am W W Ist (7) Am Woolen (7). { Am Zine pt G Anaconda. . Asso Dry G (5) ... Aseo Off (1%)... AtT&S Fe (6).. |AT&SFof (5). At Coast L (7)... At] Fruit ctfs. AtGuif& WI. AtGulf & W Ip?. Atlantic Ref (4). Atias Powd (4).. Austin-Nichols Auto Knitter. Bald Loco (7). Bai & Ohlo (5 Barnsdall A. Barnsdall B B'ch Nut (2. Beth Steel (5). .. Beth St pf (7) ... Booth Fish 1st pf | Br'k Edison (8). Brklyn Un G (4) Burns Br (10)... Burns Br B (2).. Butte C & Zinc. ... Butte & Supertor. CaddoCenO &R |Calpet (1%). ... i Cal Pet pf (7)... Can Tacific (10) . Cent Leather Co. Cent Lea Copf. .. { Cer de PasC (4). i Chand Mot (§).. Ches & Ohio (4). Ch&Opf (6%).. Chic & Alton pf. Ch & East Tl pf.. Chic Gt West Chie Gt West pt.. Ch Mil & St Paul. ! Ch Mil & St P pt.. Chi & Nwn (4).. Chic R1& Pac CRIEPpL (6). CRI&PD! (D). Chile Cop (2%4) . | Caca-Cola (7). Colo Fuel & Iron. | ColG & E (2.60). Com Solv A (4).. Com Solv B (4) .. Congoleum (3).. Consol Cigar Consol Gas ( Consol Textile. Cont Can (4) . Cont Motors. . ... Corn Prod (10). Corn Pr Rnw wi. 23 Cosden Cg. . 36% | Tide’ i Crucible 8t1 (4) 56 | Timken (33%) Cnb Am Sug (3). | Tob biod (8). Cu Am Su pf (7). { Tob Prod pf (7) | Cuban Cane Sug. | Transcont Ot | Cub Cane Supf.. | Underwood (3) | Un Pacific (19) DanlBoone M (3) 31k | k: P:cp;u)... Davidson Chem. . 2% | ('td Paperboard. Del & Hud (9) 109" | g Ry Tnvest | Del L& W (6) oot iron B Det Ed Co (8). .. Al Dome Mines (2). Express. | DuPtdeN (). Duq Lt st pf (7). | EastK (15%) ... i Eaton Ax (2.60). | Ei st Bat (15%) | End-John pt (7). | Erie | Erie Famous P1(3) ... | Famous Pi pf (8) | Fifth Av I3 (64c) Fisher By (10). | Fusk Rubber. . Frchm'n (13%). { Freeport-Texas.. | G=n Asphalt. Gen Cigar (8) Gen Elec (8).... Gen El ape (§0c) | Gen Mot (1.20) ... | Gen Mot db (6). Gimrpel Bros Goldwyn Pict. Goodyear pf. G'dyear pr pf (8) Gianby Consol. Gray & Davis. ! Gt North pt (5) Gr Nor Ore (8) Gr Canan Cop Guantan Sugar.. Gulf Mo & Nor... i Gulf M&N pf(4) | Guir St stl (5).. | Hanna 1st pt (7). | Hayes Wh'l (3).. Houston Oll. ... Hud Mot C (3)... Hupp Mot C (1). Il Cent pf (6) . ... Indiahoma Ref. . Indian Motorcyc. Inspiration Cop. Interb Rap Tr.... Internat Ag pf int Bus Ma (8). Int Cement (4) .- Int Com Eng (3) Internat Har (5) Int Mer Marine... Int Mer Mar pf... Internat Nickel.. Internat Paper. . Int Pap pf st (8) Int Shoe (4).... | Invincidle Oil. Jones Bros Tea. . Jordan Mot (3) . Kan City South. Kayser Jul & Kelly Spr Tire Kel Sp T pf (6). Kel Sp T pf (8). Kenne Cop (3)... Keystoue T & | Lee Rub & Tire. Leh Val (3%) Leh Val righta . Lig & My B(new) | Lig & My pf (7). Lima Loco (4).. Loews Inc (2) Lorillard (3)... Louis & N'sh (6) { Ludlum St1 (2)... McCror C pf (7). Melntyre (1)...o Mack Trucks () Mackay Cos (7) Mack Cos pf (4). Maggma Copper. Mailinson & Co. | Man Elec gtd (4) Maracaibo Oil... { Market St Ry. Mkt St Ry pr pf. Marland Ofl. ... . | Marlin-Rockwell | Mathieson Alkall Maxwell Mot A... | Maxwell Mot B.. May Dpt St (5). | Mex Seaboard Mex Seaboard ct. Middle St O1l. Minn & 8t Louls MStP&SteLL(4) Mis Kan & Tex... Mis K & Tex'pf... Missouri Pacifie. {‘:;: (6).. 5 28% | 52% | 25% | 67 | 80 | 274 471 | TrxasCo (3). e | Tex Gt ( 5 164%, | Texas & Pactfic ona, | Tex & PacC& 0. * | Tide Wat Ol (4) 1st pf (8).. 5 Smelting | US Steel (15%). U S Steel pf (7). Utah Securities.. anadium Corp... Van Raalte. ... Caio Chem. - | Va-Caro Ch pf. .. 217% | Vivaudou (2) 7 |wabash.. 48% ] Wabashpf A. ... 10 Sys (1%) .. 11 . 1415 | Western Pacific.. 8274 | West Pac pf (6). 511 | West Air Br (6). 151, | West E& M (4)., West i & M rts ‘Wheel & L Erie. Wheel & L Er pf. Wh Eag Oil (2).. White Mot (4)... Wickwire Sp Stl.. 14 | Willys-Overland. 814 | Willys-Over pf.. 143, | Wis Cen ctfs 581 | Woolworth (8) 13 | Worthing Pump.. | Wright Aero (1). { Wrig W Jr (3)... | Yellow Cab (3) | _4Partly extra. §Payable in preferred stock. | Dividend rates ‘as givea in the above table iare the apnua! cash payments based on the |latest quarterls or half-yearly declaratio i Unless otherwise noted, extra or speci # | dividends are not included. e T DEMAND STERLING UP. Heavy Buying of Issue Noted on Foreign Exchange. EW YORK, April sterling, which has been at a stand- still for several weeks, assumed lead- crship of the foreign cxchanges to- day with a gain of 2 cents. Heavy buying orders, which bankers believed reflected confidence in the forthcoming Dawes report. carried the rate up to $4.32%. Other alko were strong. 20 59% 1% 9% 18% 26% b4 2% 9% 78la 37 342 26% 10 37% 84 42% | a1 14% 5% b8l | 5 31 i s42% 3 26% 10 3T% 84 10 8714 85 874 DIVIDENDS. Pe- Rate. riod. abie. 2928 1 ! $300 SA May 3300 SA May 15 % . % tait. M $3.00 Q May 1 Corporation. Al C Mfg com. Hay E R L & P! do pf.. U S Rub st Doenler D_C: Unit Cig Sto BAR SILVER QUOTATIONS. CEW YORK, April 5—Bar silver, 63%; Mexican dollars, 48%. LONDON, April 5—Bar silver, 33 1-16 pence per ounce. Money, 1% per cent. Discount rates, short bills, 2% per cent; three-month bills, 3 per cent. 6814 | 26% | 51 | 116 | 61 | 17% | 36% 92% | 21 4 100% 15% §2% 111 65 a3y | 2014 | 375 30% T4 | 48% | 38% 12% 34% | :s H 5 ) 1% | 3 89 | Denies French Advance. 19% | s the Asociated Preas. 18% | “PARIS, April 5—Calling attention 4% | today to a dispatch from the Wolff 2% | bureau in Berlin, saying that the 87 |{French troops of occupation had ad- 11% | vanced north of Kiberfeld, the Havas 33 |agency declares no such _military 12% | movement has been made that nene is contemplated, e ‘WOULD ABANDON TWO LINES. The Detroit and Mackinac railway asked the Interstate Commerce Com. mission today for authority to aban- don two branch lines, one between Lincoln and Lincoln Junction, Mich., and the other between Tower and Legrande, Mich. { . 84% | 5.—Demand | Buropean exchanges | 8 | Boston Elevated 'HIGH-GRADE BONDS | INSTEADY DEMAND Market- Shows Liberal In- vestments, Particularly in U. S. Liberty Issues. Received by Private Wire (Sales are in $1.000.) UNITED STATES BONDS. (Fractions represent thirty - secon: Example: 98°3 means 98 3-32.) Salea High. Low. Olose. Lib 3%s. . . 22 D94 99-3 . 993 Libist4%s... 97 99-25 99-22 99-25 Lib2d4%s... 291 99+23 99-20 99-22 Lib3d 4%s... 134 100-7 100-4 100-5 Lib 4th 4%s.. 873 9927 99-25 9927 US4%s1952. 20 100-18 100-17 100-18 FOREIGN. Bales. High. Low. 12 101% 101% 1 79% “19% 39 90% 90% 33 89% 89% 7 101 100% 1 99% 99% 10 101% 101 28 88% 884 2 79 8% 18 79% 9% 12 94% 94 6% 96% 100% 100% 101% 101% Yo% 9944 103% 103% 103% 103% 104 104 961 96% 41% 41% 894 89% 94 94% 96% 96% 108% 107% 95% 95% 87% 86% 93% 93% 89% 89% 987 98% 8% 944 90 20 974 9T 974h% 9% 80's 80% 92% % 79 78% 49 28 ds. Clese. 101% 9% 90% 89% 108% 9% 101% 88% 8% 9% 4% 96% 100% 101% 99% 103% 103% 104 96% 1% 8914 | Argentine 7s Argentine bs Argentine 6537 Austria 7s. Belgium 7%s Belgium 6: Belgium §s. Bolivia 8s. Bordeaux Brazil Brazil § Brazil T%s. .. { Canada 5s 1926. Canada 545 1929. Canada Gs 19! | Chilo 83 1945 Chile 8s 1926 i Chile 881341 . Chile 7s1943... ... Chinese Gov Ry 58 Copenhagen 5%s.. { Cuba 5%s.... Czechoslovakia 8s. Denmark $s. Denmark 6s. Dutch E15%s. ... Dutch East I 6s'47. | Finland s f 65 1945, French Govt 8s. French Govt 7%s. Haitli6s...... 5 Japanese 1st 43;s. Japanese 2d 4 Japanese 4s. . Japanese 635 w 1. Jergens U M 6s '47. Lyon 6a. . Marseille 6: | Mexico 5s. Mexico 4s. ... | Netherlands 6s. Norway 8s. Norway 6s 1943. Paris-Ly's-Med Prague 7%s.. Queensland 6s.... Rio de Jan 8s 1947. Salvador 8s48. .., Sao Paulo City 8s. Sao Paulo State8s. 1 Seine Dept of 7s... 25 Serbs Crotes Slo 83109 BY GEORGE T. HUGHES NEW YORK, April 5.—The week in the bond market has been character- ized by steady investment absorption of high 'grade securities, particularly liberty bonds, active speculation in low priced railroad securities and conspicuous weakness in certain in- dustrials. Due to Money Conditions The buying in the investnent grade may fairly be ascribed to conditions in the money market. Banks have ap- parently been accumulating Uni States pevernment lou ployment for their surplus funds. eral exceptionally large sactiol have been reported. _Savings ban rails have all been firm, but price changes have not been large. On the other hand the demand for s obligations has outrun alan a8uelnnnm Soa GO0 been most active in the St New Haven, the Erie board bonds. To the later in the week Chicago Gr West nd Wheeling and Lake onsolidated 4s of the last named road making a new high for the vear today. In all these instances improvement in earnings was back of the buying movement Small Gains in Todustrials. Industrials have not fared as well as the rails. Cerro de Pasco 85 have !gone up with the stock, the net gain ifor the week being between & and South Porto Rico Sugar ¥ strongz on inves These, however, a exceptions. Extreme weakness h: been exhibited by American Agricu tural Chemical 7 iss. e bonds made a new low today under heavy selling and the corporation’s first mortgage is went down in sympath Ajax Rubber Ss lost more than points on the publication of the an- nual report f the oil bonds bly Pierce Oil 83 and | Sea added - e were .o 9 8% 49 - re 100'a 924 100% 99 994 83% 77 103 113% 1075 100% 104 110% MISCELLANEOUS. {Am Agr Chem 5: 17 95 Am Agr Chem 7 7 887 Am Chain s f 65'33, 95 Am Cotton Ol 5s.. 88 Am Smit&R 1st 5s. 93 Am SmIt&R 6s. 104 104 | Am Sug ref 65 5 100% 100'% 3 121% 121% > 98 93% 1004 o a%s «ZluRran~arSas 2 s Confed 8s 3 Ud Kingm 5128 '29 126 1 Public Utility bonds strong. Public | Service of New Jersey 58 have been bought in the expectation that the | plan for an exchange of bonds for a new secured | lon the Powe | propertics through. There was heavy trading in_these bonds | today at the hizh of the movement. | Foreign Bonds Favored. Along with the general strength in e market the! 0 a better ntiment towa » bonds. E rench 8s and ade new 85 have | 4 under heavy | Am T & T deb 5343 36 ropean group | Anaconda ev db s advance in Br: Anaconda 1st 6s. maller one in Cuban Armour & Co 4348, he only noticeable reac Armour of Del 5%s entire foreign list was in th P & i Atlantic Refin 5s. . jaround $88.000,000, ainst $ around $88.000.01 nst $1 Heth Steel rf 5: 1860 in the previous week. T a S cst and most important offcring was | Beth Steel pm 5s.. Beth Steelsf 6s... {the s to the amount o | $30.000,000 priced to vield per cent. | Bklyn Edison 7s D + Bush T Bldg 5s '60. 2-YEAR RAIL STRIKE | :Fodsess . DROPPED BY UNION { Chile Copper 6: \l(-nG&EELs 82 {Col Gas & Bl is. i{Boston and Maine Shop Crafts Workers Unable to Finance Further Struggle. 10 nt and 9y 82 95 88 9215 20 O sman S RaraaBamGcas {Col Gaa & E sta. iCommm\vthG:.. { Con Coal Md 1st 58 | Cuban-Am Sug Ss. | Cuba Cane cv d 3s. ba Cane cv s 50 Det Edison ref 6s Du Pont de N 7% Duquesne Light 63 | Empire G&F T34s. By the Associated Press | Fisk Rubber §s.. ~The strike of six |Gen Elec deb 5s... of railroad shop mechanics of gvnaflef;-‘clrrs €s. e Boston and Maine railroad. w! oodrich 635s. . the Boston and Maine railroad. which | Goodyear 8o 1931 = been called off | Goodyear 8s 1941 federated crafts, | Hershey 6s 1942. effective April became known | Humble O&R 5 last night. Financial inability to nrn~;{"“;:“‘;;"“"’ i e * ron | Int Mer Marin long the struggle further was Biven | it t'Cper Taryq: as the reason for the union's action. | X C'p & Lt 58 A 53. Less than a month ago the members | Kan G & El 68 '5: | of the crafts on strike rejected by a | Kelly-Spring 8s. {10-to-1 vote an offer made by the rail- | Lackawa § 5850 e iy 2 | Liggett & Myrs oad compan their return to | Liggett & Myrs 5s. {work. When the result of this vote | [PE&EH S E¥T0S was announced March 11 union heads | pOTIar O 27 said that more than four thousand | N A&Ma CoP EF 5 balots had been cast in the referen- | Manati Sug s farland Oil dum. C % The company’s offer, it was said, | Midvale Steel 5s. called for the re-employment of men | Montana Power 6s. satisfa ¥ to the railroad and re- | New Eng Tel bs. instatement of the men chosen would ! NY Eusn 1st 6% be according to seniority. Union of- | N Y Tel 6s'¢1. ficials said the large vote against the | Ny Ta16s'49. . N Y Tel 4 du fact that it | North Am Id 6s. { Nor States Pow 6 Northwst B Tel is. 1 Otis Steel 8s. 3 ! Pacific Gas & El 53 | Pacific T & T 5s '52 Pac T & T Ist 5s. Phil & Rdg C&I 5 Phila Co,5%s '38. Phila Co'ref Gs A Pierce-Arrew 8s. Pierce Oil deb 8s. Producers & Rf §s. | Public Service 5s. | Pub Ser Elec 6s wi. Punta Alegre Sharon StIH $s.... Sinclair Ol 7s. ... Sinclair Oil 6%8... Sin Crude Ol 6. Sin Crude Ol1 5 Sin Pipe Line 58 | 8o Por Rico Sug | Southwest Bell 6s. | Steel & Tube 7s. Sug Est Orient 7s.. | Tenn Eiec Pow 6: Tide Wat Ofl 6%s. Toledo Edn 1st U S Rub lst rf 5s.. | US Rubber 7%s... USSteels £ 5s.. | P 5 BOSTON, April 5—Following is "‘\Jf';.r:‘la:l:.‘gb:g:. ilist of today's highest, lowest and | it {closing prices for the’ most active | va-Car Shem T .- !stocks dealt in here: wn;m“hw" Sof Mg, Clgsi; | Wickwire Spen 7s. 1283, Willys-Ov 6%s '33 g Wilson & €o 1st 63 1 Wilson&C cv 7%s. 2 _ | Wilson & Co cv 6s. 3 Winchester A 73 { Youngstn S& T és. 14 104% 913 100 Sroemhia 19 99ty 96% 1014 116% 102 98% 94% - . BmesoBonnalsea ror 96% 9615 1154 101 100% 88% 96 98% 111 105% 106% 24 9218 103 108 1004 92 91% 97% 94 a1l 101% 4% 93 109% 89% 988, 116 101 93% 88 28 985 8314 104% 93% 104 96% 95% 102% 107% 82% 102 102% 893 95% 63% 32% 107% 60 98% 93 88 81 101 the re-employment of any large num- ber of men. Action to end the strike was taken at an executive meeting several da: lago and a circular was sent out to ap- proximately union shop mechan- jics on the Boston and Maine advising the men desirous of re-em- { ployment to apply to the railroad ex- ecutives. It also urges “for the best interests of all” that “they avoid trouble with the men now in the service.’ or the workers who have replaced them since the strike was called nearly two vears ago. B e e { U. 5. TREASURY CERTIFICATES | (Quotations furnished by Redmond & Co.) { ———Close.—— i Bid Omer. | jan 100132 100% | : - 100 1132 160 - 200% 1007, 100732 Il 1921, 19 Jone 16, ‘s June 13, ; 4%s ax s 4iay A% 13gs 4tys 4%s 4lus D101 916 101 11-16 1010y 101, i Low. American Wool {Am Tel & Tel ... Amoskeag Boston & Albany - Boston & Maine 101 95% BUSINESS IS RETARDED. |pun's Will Say Weather Condi- tions Accentuated Contraction. NEW YORK, April 5.—Dun's says 19% | today: 82 “By retarding spring activities, in- clement weather has accentuated the contraction of business. April opened I Copper Range . East Butte . Bdison Elec Island Creek . nd Oreek P Mass Gas Mexican Investment . Mohawk . NYNH&H. 0ld_Colony. . Orpheum Cirenit - Pacific Mills . Quincy . Reece But H . Swift & Co wift Internat . United Shoe Mach United Shoe Mach pfd U S Smelt pfd . Ventura Oil Walworth ‘Walworth | Warren B Winor N. Y. BANK STATEMENT. NEW YORK, April 5.—The actual condition of clearing house banks and trust _comparies for the week show a_ deficit in reserve of $11,155,490. This is a decrease of $36,213,310. . Seasickness can be cured by inhal- !n'g‘ oxygen, says a French physiolo- gist, seasonal goods and impeded trans- portation and low temperatures and il |foods in some other sections have 535 | been added drawbacks. Apart from i ' lthe restraints imposed by the ele- ments, the commercial movement shows more plainly the effects of the cauticus forward buying in most lines. rroduction in certain quarters, associated steel industry, approxi- mates the best previous récords, but apparently exceeds consumption, and output in some instances, notable at textile mills, is.being curtailed be- cause of the small volume of new orders.” Weekly bank clearings, * $7.658,- 099,000, 4% 100% § % | Southern Ry €3 ct. "f' with snowstorms along the Atlantic seaboard, which checked demand for APRIL 5, 1924, ii ON NEW YORK BONDS@ Direct to The Star Office. ' RAILROADS. ' es. High, i Ann Arbor 4s. . 8 58% Atchison gen4s... 14 87% AtianticCL 1st4s. 6 87% B&Opriniys. 98 B & O gold 4 84% B&O6s. 101% 88% 86% 82 97% T% 113% 112% 80% 97% 101% 86% 93% 2% - 87 224 1% 55% 60% 58 62 85% 65 78 80 99% 8 B&OPLE&WYV 4s. 3 B&OSWdiviks. 1 Bklyn-Manhat 6s.. 58 Canadian North 7s 1 Canad North 6%s. 1 Canad Pac deb 4: 29 CarClinch &0 6s. 2 Cent of Ga 6s. .. 1 Central Pacific 4s. 15 Ches & Ohic cv 5. 25 Ches& Ocvals.. 6 Ches& Ogn4i4s.. 4 Chi B&Q 1st rf 5= Chi & E 11l gn 58 Chi Great West 4 CM & Puget Sd 2 Chi M & St Prf 4331 21 ChiM&StPcv 13 Chi M & St P 45°25. 53 Chi MES P cv 438, 44 Ch! M&ST P 4s°34. 35 CM&StPdb4s... 44 ChiM&StPéswl. 2 7 78 80 vc:‘l;ve&q'armhvi, 10 0 & Sou 4 8 Cuba R R b - Del & Hd 1st rt Del & Hudson 5%s. 1 Den & Rio G cn 4s. 14 D & Rio G tmp b: Det United 4% Eriegends.... Erie conv4s A Erie conv4sB... Erie conv 4s D. Gr Trunk sf db Grand Trunk 7 Gr North gen 7s. North gen5%s. Green B& W db B. Hud & Man ret 5s. Hud & Man a§ 5 111 Cent ref 68 111 Central 5% int Rap ran bs. Int Rap Tr Gs stpd. 12 Int Rap Transés.. 11 Int Rap Tran 7s. Int & G Nor aj 6 Int & G Nor 1st { Towa Cent rf 48 Kan City Term 4s.. Lake Shore 45'28.. Lake Shore 4531 Louts & N uni 4s. Louls & Nash 7s Louls & N 55 B. Market St cn 53 Mil El Ry & L 58. M & StLrf ex 5: M & St L 1st ret M StP & SSM bits. M StP & SSM cn 4s. MEK&T 1st 4s ME&TprintsA. MEK&T4sB.. MK & T 2dj 5s. Mo Pacific és. Mo Pacific 5 Mo Pacific gn Montrl Tm 1st 5 NOTex&Min5s |3 Y Cen deb 6 N Y Cendeb 4s. NYCenriss. N Y Cent en 45°88. 21 New Havencd 6s New Haven d 43 '3 New Haven 78 New Haven 7s fT.. NYRyrtdsctfs... 5 IN YW & Bos 4%4s.. 46 | Norfolk & W cv 63.386 Northern Pac 3s. 1 Northern Pac 4s. Northrn PacT i O Short L cn 55 Ore-Short Liret 4 Ore-Wash 1st rf 4s. Pennsyl gen bs. | Pennsy) gen 4% | Penusyl 634s. Pennsyl gold 7s.... Peoria & E inc Pere Marq 18t b Reading gen 48 Reading gn 414 Rio G West cl 4s.... St LIM&S R&G 4s. StL&SFpl4sA.. StL&SFincés... LE i G i v e G2 18 B Y » 451 81 89% T 105 90% 97% 81% T0% 43% 824 8014 36% 474 e o - P 1o 3eE T2 TEMN 57% 81% 104 102% 94 & 1003% 1% 109% 108 304 84y 91 89% 65 StL&SFplésC.. St LS W con 4s'32. } St P Un Dep 5%: { StP & KCShL 4%s3. San A & Arn P és.. | Seab’d A Liref 4s. Seab’d A Ladj b3.. Seab'd A Lcon 6s.. Sou Pacific 45 1939, Sou Pacific clt 4s Southern Ry 1st Southern Ry gn 4s. 2 Southern Ry 6%! 104% 99ty b6 2 0% 102% 94% 90 93% 62% 85% 81 65% 614 80 Third Ave ref 4 | Third Ave adj bs Union Pac 1st 48 Union Paclfic cv Virginia Ry 1st 63 VaRy & P 1st 58 Wabash 1st 6 | Western Md ds | Western Pacific 58 | West Shore 1st 4s. | Wheel & L E cn 4s. 24 Whel & LETf 4%s 1 Wisconsin Cent 4s. 2 S WALL STREET BRIEFS. | By the Associated Press. | With rail issues again commanding leadership of the stock market, is believed in some quarters that securities of the western carriers will make a relatively better show- ing than those of other roads. This assumption is based on the greate improvement February earnings and market neglect of the western rails at a time when the sastern roads were discounting im- proved earnings International General Electric Com- pany earned net income of $2,469,- 463 in 1923, equal after preferred dividends to $17.69 a share on $10,- 000,000 common stock, againet $2, 265,477, or $15.65 a share the before. ~ Net sales were $22.371,526, an excess of more than $2,000,000 over 1922, The sudden upward swing of 4l points yesterday in shares of the Utah Securities Corporation, holding company for the Utah Power and Light Company and other subsid- iaries, brought reports that the Eleo- tric Bond and Share Company inter- ests, which control both the Utah Securities Corporation and the Pow- er Securities Corporation, were plan- ning to_consolidate the two corpora~ tions. Power securities is a holding company for public _utilities in | southern and central Idaho, eastern Oregon and Nevada. Sales of the American Rolling Mill Company in 1923 were $26,691,234. Net profits were $3,387,482. Profit and | surplus totaled $13,314,327. The Columbia Gas & Flectric Com- pany has sold to the Ohio Fuel Supply Company of Columbus and Spring- field, Ohio, for $7,000,000 three of the ! four utility companies recently acquired from the Pure Oil Company. The deal involves the Genperal Gas | & Fuel Company of Columbus, the Columbus _Gas and Tuel Company and the Springfield Gas Company. The larger company retains the Day- ton Gas Company. The four com. panies were bought from the Pure Qll Company in February for 312 250,000. Operating income of $833,871 for 1.’23‘ is rvpfl-edcbw the Amrim.: Railway E?pnc Ny, Compare: with $1,107.570 in 1923. " Operating revenues were $157,443,761. Stimulating ether is a r ts by the use of innovation. it 57% | Closing—Ap: { FINANCIATL. COTTON PAST WEEK | DEVELOPS STRENGTH | Market in Excited State, With Fu- tures Forging to Good Tech- nical Position. By the Associated Press. NEW YORK, April i.—There been a rapid and excited advance in ! the cotton markct during the p week. dently the recent decline to 26.45 for May contracts had left| futures in a strong technical posi- | tion, and a covering movement was | started at the beginning of this week | by reports of increasing strength in the spot market Relatively firm Liverpool cables, accompanied by re- ports of a continued good demand | for spot cotton out of the Liverpool stock and reports of increasing activ- ity in the cotton goods market at Manchester, contributed to the ad-| vance. May sold above the 30l:-cent level | yesterday afternoon, making a recov- | has | j ery of fully 4 cents a pound from the recent low price. New crop months were in less active demand, but Octo ber contracts, which had sold a on the recent decline, advanc 25.60 on the strength of the old situation and reports of another lay in farm work. Private accompanying the advanc pool have emphasized the of the spot demand there a better business in Lancashire. Both | of these features have been regarded | as pointing to a well sustaine - port demand, while advances | foreign exchange rates and the he of an early seottlement of reparations problem have served | to strengthen such expectations. It was reported that shippers here were ! recelving requests from various European markets for offers of cot-| ton and there were numerous re- ports that desirable grades in thc south were difficult to obtain. There were rumors that the advance had | attracted rather freer offers of spot cotton in the south and that there had been some casing of the basis but, except for realizing very littls selling pressure was in evidence Sales of print cloths in the River market for the week were esii- mated at 100,000 pieces, or consider- ably in excess of the week's produc- tion. e COTTON MARKETS. NEW YORK. April 5.—A renewal of buying featured the opening of the | ocotton market today owing to con- | tinued bullish reports from the spot | market. reiterated reports of increas- ing demand for cotton goods, rains in | the Atlantic states, where farm work | is already delayed, and, firmness of | foreign exchange. i Prices made new highs for the . movement, with the market opening | firm at an advance of 5 Lo 46 points | and_selling up to 20.75 for May and 25.85 far October in the eariy trad- ing, this advance materializing. but it | w5 absorbed on reactions of 10 or 15 | points from the best. LIVERPOOL. April 5.— good business done: prices fi middling, 1 middling. good or a les. 10,000 erica m. Good fully middling, 18.50: | low midd 17. ! 0; ordinarg. 16.00 | baler, including 6400 | Recelpts. 1.000 bales . Futures closed casy 18.01: May. + July, 1 December., 14.66 tton spot. | A Amerigan, e NEW YORK DBiYmGOODS. NEW YORK, April spurt of activity accompanying a movement in raw cotton ked the close of the week in the cotton cloth market. Prices advanced to 9% for 64x60s and 10% for 64x72s. Silk con- tinued its steady downward path, with the market weak here and_in pecial). —A | 129% | Yokohama and quotations 5 to 15 a pound lower than yesterday. BOSTON WOOL MARKET. BOSTON. April 5 (Special).—The wool market wound up il today with the range of D tically unchanged. The with which mills are buving raw has led to some shading, but wool growers in the west are holding for! extremely strong figures. ports during the week have been heavy CHICAGO LIVE STOCK MARKET. CHICAGO. April 5 (U Depar ment of Agriculture) —Hogs—Re- | ceipts, 6,000 head: strong to 10 higher quality _concerned; bulk desirable | 160 to pound weight, 7.45a7.6; top. 7.60; better grades 140 pound averages, largely 1.1 bulk packing sows, 6.73a6.90; to choice strong weight killing pis: mostly . estimated holdover. 5.000; 0 medium, 5 light light, packing sows light light, 6.25a’ packing. sow rough, 6.50a6.85; slaughter pigs. 5.00 26.75. Cattle—Recelpts, 500 head: com-| pared week ago beef steers and | yearlings, 15 to 25 higher; spots, more | on weighty s extreme top ma- | tured stee vearlings, | 00: she stock. 25 to 50 higher; canners and cutters firm; bulls, 40 to 50 higher; vealers. uneven: good and choice kind. steady to stronmg; com- | nd medium lightweight. weak | stockers and feeders slow; steady: wee Beef steers and 210.50; few she stock, &F0aS.00: can- and_ cutte 2.55a3.85: veal . 9.00a10.00: stockers and feed- Sheep—Receipts, 3,000 head: re- ceipts practically all direct: market | steady: few native wooled lambs 15.00; wooled ewes, 8.00a12.00; clipped ewes, 6.00a10.50°_for week fat lambs mostly 10 to higher; top, 16.8: sheep, general 5 to 50 higher:| best wooled ewes. 12.00: week’ \-ull‘; prices follow: ¥at wooled lambs, 16.00a16.75; clipped lambs, 14.00214.50: Wooled ewes, 9.50a11.75; feeding and shearing lambs, 15.25215.60. GRAIN AND PROVISIONS. BALTTMORE, April 5 (Special).— Potatoes, white, 100 pounds 150-pound sac and yams, 1.00a3.00 8.00; beans, bushel, 1. 505 bage, basket < hundred, 4.00a6.00 el. 75285: lettuc onions, 100 pounds, 1. spring onions, hundred. 1.50a ! 17 ster plants. hundred, 6.0 ! parsnips, basket, 60a7 Deppers. bushel. squash, orate, 5.0 crate. 2.50a4.50; nips, bushel, 40a50. (picked), barrel, bushel, 50a1.50; box apples, 1.75a2.25. Grapefruit, box. 1.75a3.00; oranges, box, 2.25a4.00; strawberries, quart, 20 50, Settling Prices on Grain ‘Wheat—No. 2 red winter, spot 1.08%; No. 2 red winter, garlicky spot, domestic, 1.08%; exports, no | quotations: 4 or No. 3 red win- ter, garlicky , spot, no quotations. No sales. Corn—Cob, new. 4.25a4.30 per bar- rel for yellow and 4.10a4.15 per bar- rel for white; No. 2 corn, spot, 893;: No. 3 corn, spot, §9%: No. 3, new, 80. Sales—1,665 bushels No. 3 white, 90 per bushel. s Oats—No. 1 white, No. white, new. 54%as5 Rye—Nearby, 70a 2 rye, spot, 6% Hay—Receipts, 144 tons. The out ward movement fairly good for better Erddes of tmothy and clover mixed nd sound clover, with no oversupply of such description on hand. Low grade and damaged hay in full supply and slow to find an_outlet at any price. _Quotations: No. 1 timotl 27.00227.50 per ton; No. 2, 26.00a21 No. 3, clover, 23.00a24.00; No. 1 clover mixed, 0a2: No. 1 clover, 26.00a27.00. Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 18.00220.00No. 1 wheat, 18.00a18.50; No. 1 oat, 00a18.00. 236% ; 80; No. 2 {but after _call, ea INTEREST AROLSED | INLOGALEXCHANGE Market Deluged With. Sales ° of W. R & E. Preferred. Other Issues Active. One of of the ington ing, of Washington preferred strengthening The carrier lower the most interest sessio the W this mor o of sellir 1 Electr rear tock occurred I made o by stock ue opened one-qnarte at & o the begun Le spirited transactions ever wit in th be changed lowed in rapid success 200 share sales, which issue to sing to carried transaetic Capital 931, as was Washington Bond List Quiet. bond list was quict, to higher levels bein indications of und notwithstand commodit clearing AS rep) week's United rger than and t ures York that center. gain of 6.5 y . $4.509,000 600 nt. At of this week of A majority of report increases ra t Louisy rleans Deerease A small number of ates this reporte number las than the total Comparing with reductions appe and sout hows no el crease 7 in Failores Noted. of T Washin Washington ¢ gton Stock Exchange. Totomac i oo 190wt 100 at 7 Bid and Asked Prices. BONDS. PUBLIC UTILITIES & Teiga & Telga. 4 & Tel. ctl. tr. 5 Am. Tel. & Tel. con Anucostia & P ia & Potom Potomac Potomac Elec. 68 1 Pot. Tlec. Pow. & Wash.. Alex. & Mt Ver Wash., Alex. & Mt Ver & Annap, T 1008 ki MISCELLANEOTS Paper M PURLIC CTILITIES, i 3 American T Capital T Washington Norfolk & Wasl Wash., Rwy. & Ble Wash, Rwy. & El Terminal Taxi oo NATIONAL fd Capita Columb National Bank of TRUST American Secu Continental ' Merchants’ Bank... ... ional Savings and Trust hington COMPANY Seventh United States Washington Meel FIRE INSURANCE FITLE INSUKANCE MISCELLANEOUS D. €. Paper prd.. Merchants® Transfor & Storaze . ergenthaler Linoty 01d Duteh Market con O1d Datch Market pfd SHORT TERM SECURITIES (Quotations furnisied by Iedmond & Co.) Cloge. Associated Oil s 1 Bell Tel. of Canada Canadian Northern Corp. of Humble 01l 5ls Kennecott Copper 7s 1940, Tibby, MeNeil & Libby M., Bt. P. & & A}l New Oregon Short Live 45 19 Penna.-Ohio Power & Li Ponna. R. T 5 Swift & Co. Tidewater Oil 6! Union Tank ¢ U. 8. Rubber 74 107 Western Union 625 sy 110 Woatinghouse 0. & M. s 1010 107 Wheeling Steel 65 1 .