Evening Star Newspaper, April 19, 1924, Page 14

FINANCIAL. MARKET TENDENCY MAINLY IS UPWARD Mixed Price Movements, However, Mark Opening of New York Exchange. - SOME ISSUES AT NEW LOWS British Sterling and French Franc Becoming Popular. s the Associated Press. NEW YORK, April 19.—Mixed price movements took place at the opening of today's stock market, but the main : upward. selling of several specialties vnsettled the market, sharp reactions taking place in a number of the oil, n.ptor and food issues. New low rdcords were established by several pepular oils, ircluding Standard Oil of New Jersey, but good support-was cstended to United States Steel com- mpn, aldwin and American Can. Allied Chemical, Famous Players, CBandler Motors, Davison Chemical and United tates st _Iron Pipe showed marked strength. Yellow Cab Manufacturing broke 9% points: At- lantic Refining, $%, and Congoleum, Chicago Yellow Cab, Cuyamel Fruit and West Penn Power p ‘erred sag- ®éd 2% tc 3 points. Th closing was irregu Sales approximated 375,- 000 shares. Drive Is Continued. Further irrezularity developed in the later trading when another drive was launched against C o Yellow Cab and Yellow Cab, forcing them down S points, respectively, to nev A new bottom also Wwas reac an Sugar Re- fining preferr. off 13 Con- zoleum dropped 1% and Pacific Ol 1 United Fruit advanced 2% points and Marine preferred, Allied Chemical and Commercial Solvents A sold about a paint higher. Sterling and French Franes Up. Growing confidence in Europe 10 the success of the Dawes plan, combined w an accumulation of buying orders for tourist and com- mercial requirements, today carried British sterling and French francs up to a new high level for the year. De- mand sterling made a brisk advance of almost & cents to 4.38%, while the franc moved up several points to a new 1924 top price, above 6.30 cents. REACTION IS CHECKED BY SHORT COVERING Weakness in Number of Specialties Continues, But Standard Shares Move Upward. YORK; April 19.—Short cover- ng operations checked, at least tem- porarily, the reactionary price move- ment that has been under way in the stock market since the middle of Feb- ruary. While weakness continued to crop out in a number of specialties and minor industrials, standard shares of- fered stubborn resistance to pressure and later moved up briskly on the real- ization that many of them had been oversold Domestic trade news continued to be the dominating factor in the determina- tion of quoted values, although increas- ing attention was paid to the Toreign news and stocks most likely to benefit from a settlement of the reparations problems. such as the .coppers, devel- oped a strong undertone. Trade news was mixed in character, a series of ex- cellent quarterly earnings statements being counteracted by further ind: tlons of a slackening in steel activit a reduction in car loadings and a siz- able increase in domestic production of crude oil. Motor and accessory issues con- tinued to bear the brunt of the selling | pressure. “A series df boar ralds was successfully conducted against a num- ber of so-called Chicago specialties, Yellow Cab, Chicago Yellow Cab and Stewart Warner all being hammered down to the new low record for the year. Studebaker was forced down to 82 before sufficient buyving support developed to stem the tide of selling in_that issue. Steels moved higher_in expectation that the quarterly report of the United States Steel Corporation, to be issued later in the month, would show about $6 a share earned on the com- mon and that another extra dividend 3% ‘of 1 per cent would be declared. Republic, the first of the large inde- peandents’ to report, showed a net of $3.06 on the $3,000,000 outstanding capital sto s ‘against $1.27 in the last quarter of 1923 and $3.65 in the figst quarter of last year. ©Opinion was quite general that the sHort interest in the market is one of the largest in history. Brokers' loans afe now estimated at $1,320,000,000, the lowest in about two years and ap- proximately $80,000.000 below the amount at the beginning of the year. FOREIGN EXCHANGE, (Quotations furnished by W. B. Hibbs & Co.) Nowinal Selling £old valne. checks today. 4.38% 9714 0635 ‘o841 130 tritlion. T4ndon, pound Montreal, doliar Paris. frane . Heassels, franc . Rerlin, Rudapest, crown, Prague, crown Warsaw, mark Cepenhaigen, crown Christiania, crown . Stockholm, crown - BY the Associated Press. NEW YORK, April 19.—Foreign exchanges strong. Quotations, in United States dollars: Great Britain, demand, 4.37%; cables, 4.38; sixty-day bills on banks, 4.35%; France, de- mand, .0630%; cables, .0632%; Jealy, demand, .0444%; cables, .0445; Bel- gium, demand, .0542; cables, .054 Gormany, per trillion, 223 3 Norway, .1386; Swe ;" Switzerland, 96; Greece, .0193: Czechoslovakia, .0295; Jug slavia, 0124%; -000014 Tiumanfa, .00521; Argentina, .3300; Erazil, .1120; Tokio, 40%; Montreal, 97:3-32. 'SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Close: Bid. Ofter. uminum Co American Su American Tel. & Tel. conda_Copper 6s 1920...... Asglo-American 01l Tlis 1925.. Alsociated Oil 6s 1935......... i Tel, of Canada 5s 1935 Chnadiag Northern bits 1 Central Leather o3 1 Chl., Mil. & St. Paul Os 1084." Chi, R. I & Pac. 5i4s 1026.. .. Cotumbir & E1Ist 5 1927 T Pont amel, e Federal Sugar Ref. Gs 1983. Fisber Body Corp. 6s 1827. Fisber Body Corp. s 1828 Goodyesr T. & K. 8s 1931, Great Northern 7s 1036. Guif Ol Corp. of Pa. 5 Humble Oil 5%s 1982 z Nennecott Copper 76 1980.... . Libby, McNeil & Libby 7s 1031. WS P &S 8 M Gy 1001 Marris & Co. T3k New York Céntral fs 1835, Adv Rum pf (3). Atr ). Alsska Juneau. Allled Chem (4). AIC&Dpt (T).. Allis-Chalm (4). Allis-C M pt (7). Am Agri Chem. Am Can 16). Am Chaln A (2) Am Hide & L pt. Am Internatl... Am LaF FE (1). Am Radlator (4) Am 8m & Re (5). Am Sugar...... Am Sugar pf (7) AmT& Tei (9).. Am Tobac (12).. Am Water Wks. . Am Woolen (7). Anaconda. . Arm pf Del (7). Arn Cons & Co. Asso Ol (1%) AtT&SFe (§). At Coast L. (7). Atlantic Ref (43, Austin-Nichola Austin-Nic (7).. Rald Loco (74, Bald Loc pf (7). Hal & Ohlo (5) Rarnsdail A. Batopilas Min Bayuk Cigar B'ch Nut (2.40). Reth Steel (§) ..~ Brth 8tl pf (7).... Beth St pf (8) Booth Fisherles. Br'k Edison (3). Rrk-Man Tran Rr'k-Man Tr o Brunswick Term. Burns Br (10) Burns Br B (2).. Butterick Co..... CaddoCen O& R Cal Pet (1%).... Can Pacific (10). Cent Leather Co. Cent Lea Conf . Cen Rib M (50¢) . Cer de Pas C (1) Chand Mot (6) .. Ches & Ohto (4. Chicago & Alton.. Chic & Alton pl. Ch Mil & St Faul. Ch Mil & St P pf.. Chi & Nwn (1).. Ch & Nwn pt (7) Ch PneuT (5)... Chic R1& Pac CRI&PpDL(§). Chi Yellow C (4). Chile Cop (2%) . Chino Copper. . CCC&SIL (5). Coea-Coia (7). Colo Fuel & Iron. ColG & E (2.60). Com Solv A (4).. Com Solv B (4) .. | Congoleum (3).. Consol Gas (5).. Consol Textile.. . Cont Can (4) Contl Motors(20¢) Corn Pr R nw Cosden Co. Cnb Am Sug (3). Cuban Cane Sug. Cub Cane Supf.. Cub Dom Sugar.. Cuyamel Fr (4).. DanlBoone M(3) Davidson Chem.. Dome Mines (2). DuPtdeN (8)... EastK (15%). .. Eaton Ax (2.60). i St Bat (16%) End-John pf (7). Erie 18t D .. Samous Pl (%)... Famous P1pf (8) FaM&SPE (1), Fifth Av B (64¢c) Fisher Bdy (10). Fisk Rubber. Fisk Rub pf Fl'echm'n (13%). Freeport-Texas.. Gen Mot db (7) v Gen Petroleum Gen Refr (4) Gola Dust w. i. Goldwyn Pict Goodrich. . Goodrich pf Goodyear pf. .. G'dyear pr pt Gianby Consol. . 3t North pf (5). Gr Nor Ore (3)... Gt West S pf (7) Gr Canan Cop. ... Gulf M&N pf(4) Gulf St Sul (5).. Hartman Co (4). Hayes Wh'l (3). Housen'd Pr (3). Houston OIl Hud Mot C ( Hupp Mot C (1). Hydraulic Steel... Indep OIl (25¢) . Inland Stl (2%). Interb Rap Tr. Int Bus Ma (8) Int Cement (4) .. int Com Eng (3)' Int Mer Mar pf... Internat Nickel Internat Paper. . Int Shoe (4).. Int T & T (6) Invincible Oll. . . Iron Products(6). Jordan Mot (3).. Kelly Spr Tire. .. Kelly Springfd pf. Kenne Cop (3) Kress SH (T) Lee Rub & Tire. Leh Val (3%)... Leh Val rights Lig & My (new). Lig & My B(new) Lima Loco (4).. Loews Inc (2) .... Loose-Wiles Bls. Ludlum Stl (2).. McCror C pf (7). AMcintyre ¢1).... Mack Trucks (8) Magma Copper... Mailinson & Co... Manati Sug (5) .. Man Elec gtd (4) Market St Ry, Marland Ofl. . Martin Parry (4). Maxwell Mot A... May Dpt Bt (5).. Mex Seaboard. .. Merx Seabuard cf. Mis Kan & Tex.— Mis K & Tex pf.... Missouri Pacific. Miesour! Pac pf.. Montgom Ward.. Moon Mot (3)... Mother Lode (1) Nash Mot (§).... Nat Biscut (3)., N Y Alr Br (4. NYABrA (4).. N ¥ Central (7). N ¥ C-Readx rts. NY NH & Hart.. North Amer (2) North Am pf (3 North Pac (6). Oh F Sup (2%4).. Orpheum (1%) PacG & E (8). Pacific Oll (3) Pan Amer (4). o Short Line’ 4s 192 s Oblo Pow. & Lt e R. R. 7s 1980, & Co. 5 1032. Swit . 1 ter Ol 638’ 1831 Tton “Tank Car 15 1090 1% 8. Rubber 7l4s 1930, . o Union 6ls 1936, . inghouse k. & M. 7s 1831 eiirg Steel @f 1926, 3 Pan Amer B (4 Penn Rallrd (3) Penn Seab Steel.. Pere Marg (4).. Phila&R&I.... Phillips Pet (3) .. Pierce-Arrow pt.. Open. High. Low. 31% % 1% 69 112% 43% 31% T1% 1% 70 112% 43% 92 8% 99% 23 63% 20% 10% 98% €0% 4“ 8% 4 126% 143% 4% 663 82% 87 11 30% 100 116% 115 19% 80 112 115% 3% 913 14 25% 51% 100 82% 23% 7% b1 274 16% 108 65% 80" 344 €5 46 53% 628 3% 46% 674 83 a3 824 15% 58% 6 66 6% 45% 167 121% 107% 16 £6i 110% Fran 674 89 43 12% 210 4T 9% 9% 97k 41% 47 81 14% 21% 72 105% 14 57% €9 36% 36% 82% Illinois Cent (7). 1011 % 34 21 86 41% 23% 31% 12% 3% 3% 66% 14% 44 24% 15 45 37% . 230 10% 41% 29% 614 50% 584 16% 54 20% 102% 15% 784 33% 19 60 373 T 854 85% a1 85 18% 18% 1% 814 12% 39% 23% 20% 8% 101% B1% 32% 13% 374 49% 100% 3% 17% Norf & W (18)... 127 23 4% 51% 31% 19% 2% 9 46% i a“ 2 2% 42K 39% nK% Close. 31 % 1% 69% 112% 43% 92 8% 98% 28 53% 20% 10% 98Y% 50% 44 8% 126% 143% 47 €6 32% 87 1 30 100 116% 111 31 % 1% 9 12% 4% 92 8% 98% 23 53% 204 10% 97 604 43% 87% 126% 143% 47 65% 824 87 11 30 100 116% 110% 19% 80 114 115% b3% 16% " 45 46 94 1% 62 2 24% 1% 23% 31% 12% 3% 73% 68 14 4% 24% 15 486 B7% 230 10% 41 28% 51t 504 58% 17% 53% 20% 102% 15% 79 33% 18% 61 7% % 36% 35% 41, 841 184 18 1% 31% 12% 39% 22% 204 8 101% 51% 326 127 13% 874 49% 101 3% 17% 127 28 4% b1% 31% 19 92% 48% 464 " “ 2 42% 41% 82% ©7 13% 374 49% 100% 3% 17% 126% 227 aun b1% 31% 19 2% 48% 46% 4 43% 1% 2% 41% 38% _38% | p 21% 2% THE EVENING- STAR, WASHINGTO. NEW YORK STOCK 'EXCHANGE Received by Private Wire Divect to The Star Office Open. High. Low. Close. 1% 1% 1% 1% 21 21 21 21 124 124 12% 124 12% 12% 124 124 93% 93 954 93% 50% 60% 50% 50% 26% 26% 25% 25% 41% 42% 41% 42 116% 116 1156% 115% 58% b5B8% 58% b68% 23 23 22% 2% 10 100 10 10 53% 63% b3% 63% 19 19% 19 19 B4% B4% 344 34w 8% 8% 8% 8% 47% 4T's 46% 46% 64 64% 64 64% B4k 64% 63% 53 24 24 24 24 20% 20% 204 20% 86 36 36 36 48% 48% 48% 9% % 9% 19% 19% 19 84% 84% 84 % 14 1 1% 17% 17 13 13 2% 21% 24 244 67 67 90% 53 a1 63 58% 36% 117% 56 0% 85% 84 4% 2t q 4% 59 27% 9% , Plerce OIl. Plerce Ofl pf. Pitts Ut pf 1. Pitts Ut ctfs 1.65. P& W Vapt (8). Postum Cer (4) Prod & Refiners. Pub Ser N J (4) Pullman Co (8) Punta Al Sa (5). Pure Oll 1%} . Ray Cons Cop.. Reading (4) Reading rts, Read 2d pf Replogle Steel Rep Ir & Steel Rey Tob B (3).. Roy D'tch (3.46) St Jos Lead (12) St L San Fran St L Sothwest. Savage Arms.... Seaboard Alr L. Seab'd Alr Lipt. . Sears Roe & Co... Seneca Copper. Snell Un Oll (1 Simmsa Pet. & Sinc Con Oil (2). Skelly Oll....... $loes-Sheff (8).. South Pac (6)... Southern Ry (5). StONCal (3).. e StOlNJ (1 StOUNJpf (7). Sterling Pr (4) .. Stew't War (10), Studebaker (10) Submarine Boat.. Superior Ofl..... Sweets Co of Am. Tenn C & Ch.. Texas Co (3).... Tex Gulf (6%) .. Texas & Pacific. . Tex & PacC & 0. Timken (3%) ... Tob Prod (8) . Tob F'rod A (1) .. ‘Transcont Ofl. .« Un Pacific (10).. Un Pacpf (4) ... Un Tank Car (5) Ltd Alloy St! (3) Utd Fruit (10). .. Utd Ry Invest pf.. USCastlronP.. USCIP pf (1) U S Distributing. U S Ind Alcohol..- UGSR&Im (8).. U S Rubber. US R 1st pf ( U S Steel (16%). ijtah Copper (4). Utah Securitie: West Fenn pf (7) West Maryland... West Air Br (6). West E & M (4 Wheel & L Erie . Wheel & L Er pt. Wh Eag Oil (3). White Mot (4)... wickwire Sp Stl. Wiison & CO. ... Wiliys-Overiand. Wiliys-Over pt Wis Cen ctfs Woolworth wi(3) Wright Aero (1) Wrig WJr (3)... Yellow Cab (3. 9% 10 364 86% 59 59 “papnions J0u aav spsapiap as o wnxe PeISy eemacdio . sSaIu: B rwp flsakjia 0 Atioviead 35018 e ‘Siuaticed useo (¥ATY 9 9% ey s 0 U GOATS sw Se3ta PUSPIAIG ELAIR S W SR P e T JUMP IN FOOD PRICES. Baltimore Market Dealers Report Notable Easter Advances. Y " BALTIMORE, April 19 (Special).— JRetail food prices in the city markets took a big jump vesterday, as is cus- tomary just before a holiday week end, and in several cases thes price is more than double the amount paid Jast ycar for the same commodity. notwithstanding the fact that whole- sale prices here are practically the same as last year. The prices asked today foodstuffs mnd prices last low: 10 for some vear fol- 1923 Spring chicken.. Qysters ......... Shrimp 5 Shad Lettuce Caulifiower White potatoes. Swoet . potatoes Celery 10¢ Strawberries 400 Butter and eggs both are cheaper this Easter than they were last year, because Easter is later this year. DButter dropped today in Northeast and Belair markets from 60 cents to 53-55 cents. Eggs are 25-35 cents this year, against 45 cents last year. — SAILINGS BI-WEEKLY. Export Transportation Service From Baltimore Announced. BALTIMORE, April 19 (Special). Marking the acquisition of a new steamship service between Baltimore and Germany, the Export Transpor- tation Company announced today that bi-weekly sailing to Hamburg and Bremen would be inaugurated May 13. Five United States Shipping Board vessels, averaging 7,500 tons each, will be placed in the service. According to C. H. Gochnauer, resi- dent manager of the agents here, Baltimore was chosen as the home port because of the outstanding ad- vantages it offered over other cities, incliding New York, that were under consideration. “Wharfage rates here are almost nothing compared to New York, and our ships can dock here, discharge their cargoes and clear out agais in the ‘'same length of time we' would consume in getting docking space in New York,” Mr. Gochnauer said. ¥reight rates from the middle west, the section that supplies us with most of our export trade, are also in-our favor, Labor conditions here and stevedoring are superior to New York.” Within two weeks Baltimore has been selected as the home port by three new transatlantic steamship companies. Last week the French line, between Baltimore and Havre, announced a branch here, and this week the Florio Company of Rome instituted sailings between Balti- more and Genoa. S FRANCE’S FOREIGN TRADE. IShtement First Quarter, 1924, Shows Favorable Balance. PARIS, April 19.—France's foreign trade during the first quarter of 1924, figured in francs at the low rate of exchange, showed a balance in her favor of 748,482,000 francs, according to_the official statistics of the minis- try of finance, available today. The total imports in the first three months of this year were 13,150,628 tons, valued at 10,224,325,000 francs, as compared with 12,069,610 tons, valued at 6,955,427,000 francs, in the same pe- riod of 1923. The exports were 6,579~ 462 tons, -valued at 10,972,807,000 francs as compared with 6,207,186 tons, valued at 6,561,148,000 francs, in the first quarter of 1923. ‘Would Build Short R. R. Line. The Southern Pacific Company, the Southern Pacific Railroad Company and the Los Angeles and Salt Lake Railroad Company today asked the Interstate Commerce Commission for ermission to construct eleven miles of linle within the city of Los Angeles, at a cost of $4,097,756. c 10c 1ac BOND ISSUE SLUMP _NOTABLE INCIDENT —— Sharp Break in Interboroughs, In- cluding Notes—High-Grade In- vestments Strong. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, April 19.—The most interesting incident in today's short session was the response by the In- terborough bonds and notes to the official statement over the holiday that fov the eight months ending February 29 net earnings fell short of meeting fixed charges by more than $1,250,000. This statement, made by the president in a‘communication to the employes asking them to ac- cept a cut in wages, caused a rather sharp break in the refunding 6s un- stamped and smaller declines in the stamped bonds, 6 per cent notes and the 7s. The early losses were partly made up later. Other_tractions were not affected by the weakness in the Interboroughs. Brooklyn-Manhattan Transit s were firm and Hudson and Manhattan refund- 5s and adjustments were higher. Earn- ings of the last-named company show steady improvement. High-grade investment securities were all strong. Active buying con- tinued in all the liberty issues and the Treasury 4}s made another new high. The week has been notable for the " accumulation of _government bonds by the banks. The Treasury 445 and the liberty third 4%s are now both selling well above par, while the fourth 4%s touched that price this week for the first time this year. At the same time there today was further strength in the market for the high-grade rails ‘and industrials. United States Steel sinking fund 5s sold at 103 and Indiana Steel i at 101, New York Central 5s were frac- tionally higher and there was un- usual activity in the low coupon long- term older railroad issues. This de- velopment did not, however, weaken the demand for good short-term se- curities. Speculative rails were more irregu- lar. New Haven bonds were a little better, as were some of the St. Paul issues. Of the industrials, Marine €s made a show of strength. In bonds of a higher grade, American Smelting and Refining 5s were up. Generally speaking, the foreign group was strong. The new Japanese 6%%s sold around the low of Thurs- day, but otherwise prices were most- ly higher. French bonds were distinc- tively strong, the 7is equaling their high. United Kingdom 5%s of 1929 went up with sterling exchange New bond offerings for.the week totaled more than $38.000,000. The largest single issue was $12.500,000 Pacific Gas and Electric refund- ing 5is. - SANTA FE ROAD ASKS INCREASED CAPITAL Application Today to Kansas Char- ter Board for Raise to By the Associated Press. TOPEKA, Kan., April 13.—The Atchi- son, Topeka and Santa Fe Railway Company will make application to the state charter board today for permis- sion to increase its capital stock $100.- 000,000, or to a total of $481.486.000, according to an announcement made here last night by S. T. Bledsoe, gen- eral counsel. The application does not mean, ac- cording to Mr. Bledsoe, that the stock is to be issued immediately, but at such times as the road may desire to do fur- ther financing by the sale of shares of stock. The Santa Fe during the past year | has purchased tne Salina Northern Railroad and some lines in the south- west. It also has engaged in heavy construction work in Arizona and New M Fhe Santa Fe will pay the state a fee of $50,000 for authority to issue the additional stock. Mr. Bled=o “The sole in a statement, said: urpose of the amend- ment is to increase the authorized capital stock by $100,000,000 apd there is no purpose or desire at pres- ent to issue any part of this addi- tional stock. The purpose is to com- plete the amendment of the charter, 50 that at any time it may be de- sired to do further financing by the sale of shares of capital stock such shares will be available for issuc upon the approval of the necessary authorities. here have been a number of ru- mors recently that the Atchison, To- peka and Santa Fe Railway Com- pany contemplates the issuance of a stock dividend. These rumors have no foundation whatever. Before the additional authorized stock can be issued, even after the state charter board approves the increase, if will be necessary for the Santa Fe to ap- ply to the Kansas public utilities commission and the Interstate Com- merce Commission for permission to sell the additional stoc By the Associated Press. The stock exchanges resumed busi- ness for the half-session today, but the cotton exchange and coffee and sugar exchanges were closed over the Good Friday holiday until Mon- day. Little business is expected from Europe until Tuesday, as the Easter holiday season extends from Good Friday over Easter Monday. The present satisfactory character of conditions in the banking world is reflected in recent substantial ad- vances in the dividends of several institutions. A good margin of profit apparently is resulting from the large volume of business. The Hocking Valley railway earned net_income of $922,840 in 1923, equal to $8.39 a share on $11,000,000 capital stock, against $685,962, or $6.23 a share, in_1922. Net operating income was $1,454,067 and surplus, $452,560. The Postum Cereal Company earned net profits of $944,223 in the quarter ended March 31, equal after preferred dividends to $2.14 a share on 400,000 shares of no par common stock, against $915,253 or $4.12 a share on 200,000 shares in the same period 1 year. Net sales totaled $5,263,535. The output of newsprint paper in the United States in March totaled 119,098 tons, an exc of 734 tons over Februar shipments amounted to 118,604 tons, against 116,632 the month before. The Canadian output was 112,538 tons, compared with 111,- 664 in February and shipments of 111,262 tons, against 109,901 the pre- ceding month. Hupp Motor Car earned net profits of $392,121 in the first quarter of 1924, T0 CONFER ON PAY RAISE. B. & 0. Officials and Craftsmen ‘Will Discuss Workers’ Demand. BALTIMORE, April 18 (Special).— A conference between officials of the Baltimore and Ohio railroad and rep- resentatives of 20,000 members of the federated shopcraft organizations of the road, who have asked for resto- ration of the pay scale in effect July 1, 1921, will be held shortly, it was said today. The increases asked amount to 3 cents an hour for mechanics, 4 cents for stationary engineers and 5 centg for other classes, with time and a alf for Sundays and holidays. D. C, SATURDAY. ON NEW YORK (Sales are in $1.000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-33) Sales. High. Low. Closs. Lib3%s...... 223 99«7 995 99-7 Lib1stsys 28 99-31 $9-29 99-30 Lib2d 4% 143 99-31 9929 99-30 Lib3d 4%s... 570 100-7 1005 10f Lib 4th 434s.. 1320 100 99-30 100 US4%s1952. 29 101-11 101-7 1019 FOREIGN. Bales. High. Argentine 7 - 9 101% Argentine 65'37... 24 90% 904 101% 98% 102% 109% 8914 81% B0% 95 98 100% 101% 9% 99% 102% 103% 103% 964 90 94t 964 108 %5 87 94% 94 89% 905 99% 96 91 8% 99% 9% 79 804 5% 8l 81% 29 88 1% 111% 935, 94 85 4% 106% 100 23 924% 100% 99% 877 Belgium 6s. . Belgium 8 Brazil 7% Canada 58 Canada 5%s 19 Canada 5: Canada Chile 8s 1946. Chile 8s 1926. Chile 83 1941, Chile 75 1943. Copenhagen & Cuba 5% Cazechosloval Denmark Denmark 6s Dutch EI5 Dutch East I 6847, Dutch East I 68'62. Finland s £ 68 1945.. Framerican 7%s.. French Govt French Govt 7% Haiti6s..... 3 Holland-Amer §s.. 10 Ttaly 6%s1926.... 12 Japanese 1st 43%s. 24 Japanese 4s. 11 Japanese 6%sw 1. 3: Jergens U M 65 '47. Lyon 6: Marseille 6s. Mexico 4s. Montevideo 72 Netherland Norway 8s Norway 68 1943. Norway 6s1952. .. Orient Dev deb 6s. Paris-Ly’'s-Med 6s. Queensland 7s Queensland 6 Rio de Jan 85 1946. Rio de Jan 88 1947. Salvador8s'48.... Sao Paulo State 8s Seine Dept of 7 Serbs Crotes Slo 83 eden 65 wiss Confed Sx. wiss 5148 1945, ... Ud Kingm 5%s'29 Ud Kingm 5%s ‘37 6 Ud Steam Copen 65 4 Cruguay €s. Zurich §; B ELse ~euBlannaana Seommm 7 1024 1125 974 1084 101 87 104% 1% MISCELLANEOUS. Ajax Rubber 83 1 86k Am Agr Chem ? 5 90 Am Repub deb 6s. . 91 Am Smit&it Ist bs. 92% Am Smit&R 6s . 103% Am Sug ref 6 Am T & Tcv 6s AmT & Teltrds.. | Am T & T deb 5343 Am Water Wki Anaconda cv d Anaconda 1zt 6s. .. Armour & Co 4%s. Armour of Del 5% Aseociated Oil 6s. . Atlantic Refin §s.. Barnsdall s f 8s. Bell Tel Pa bs Beth Steel 51 Beth Steel rf 5s. Beth Steel pm 5s. . Beth Steel s £ 6s... Brier H St 1st 5% Bklyn Edison 7s D Eklyn Ed gen 5s... Bush T Bldg 6s '60. Calif Pete 6%s. ... Central Leather 53 Cerro de Pasco § | Chile Copper 6s. Col Gas & El 5: . Col Gas & El 55 sta. Commonwth P 6., Con Coal Md 1st Consumers Pow Cuban-Am Sug & Cuba Canecvd ¥ Cuba Cane cv s Det Edison ref 6s.. Du Pontde N 7%s. Duquesne Light 63 Empire G&F 7% Fisk Rubber 8s. Gea Elec deb Goodrich 6%s..... Goodyear 85 1931. . Goodyear 85 1941. . Humble O&R 5%s. 1ilinois Bell 1st 63, Indiana Steel 5 Int Mer Marine KCP &Lt bsAbS2. Kan G & El 68 '32... Kayser (J) i8..... Keily-Spring 8 Lackawa S 6350 Liggett & Myrs 58. Magma Cop cv 7s. Manati Sug sf 7%: Marland Oil 85 '31. Midvale Steel 5 Montana Power 58 Morris&Co 1st 4%8 Nat Tube st 53. New Eng Tel 5s. NYG EL H&P5s NYG EL H&EP 45 NY Tel 68'41.. N Y Tel68°49... N Y Tel 4%e. North Am Ed 6s. |North Am Ed 6% Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 8s. Pacific Gas & El 58 Pac T & T 1st6s. .. Pacific T & T 68 '53 Phil & Rdg C&I 6s. Phila Co ref Gs A. Plerce-Arrew 8s. Public Service 5s. Pub Ser Elec 65 wi. Punta Alegre 7 Saks&Cosf Sharon St H Sinclair Oil 7s. Sinclair Ol 6348, .. Sin Crude Oil 5%8. Sin Pipe Line Gs. .. So Por Rico Sug 18 Southwest Bell 5s. Steel & Tube 7s. Sug Est Orient Tean Elec Pow Toledo Edn 1st Union Bag & P & Unit Drug cv §s. US Rub 1st rf 58 U S Rubber 7% USSteelsfbs. Utah Pow & Lt Va-Car Cham 7. .. Warner Sug 7s '41. Warner Sug 79'39. Western Elec 5s. .. Westinghouse 7s. . Wickwire Spen 7 Willys-Ov 6%s '33. . Wilson & Co st 63 Wilson&C cv 7%: Wilson & Co cv 67 Winchester A 7%s 21 102 101% Youngstn S&T6s. 3 95% 95% —_— 864 89y 91 928, 1034 £9% 120 37 % 100% 874 97 95% 854 89% 98k 98 9645 88 Byte 934 894 98% 954 109 984 93% 96'¢ 94%a 134 100% 983, 98% Y% 864 88Ls 107% o81s 93% 105 1074 1044 9044 100 100% 94% 100% 115% 984 94 101 234% 91% 95'4 100% 96% 91 9674 115% 100% 1034 8814 96 1% 99% 98Y% 99% 841 104% 106% 94 2% 97 91% 102% 1075% 98% 1% 96% 9% 93% 1014 2% 90 98% 112% 104% 100% 914 8744 98% 83 104 934 104 97 95% o o > » © 9 OB RORE - AR~ OUEN AL~ NN OO~ ORI REROEES 941 101 83% 91% 96 100% 96% 91 96% 115% 100% 103% 88% 26 % 99% 984 035 844 105 106% 94% 92% 97% 91% 102% 107% 98% 1% 96% 91% 93% 101% 2% 20 98% 112% 104% 100% 91y 87% 98% £3% 104 93% 104 97 96 107% 96 113% + 81 101 103 89 62% 102% 95 96% 107% 65% 98% 89% 71 67 102 95% w PEenns montnlosvnndabcmrtamane © e 104% 97 96 107% 96% 13% 814 101% 103 89 62 102% 95% 96% 107%- 66 98% 9% 7 704 Braveanblan~wBanna T CETPS e ] =it TOBACCO NOT ALL IN. Lynchburg Market to Remain Open Another Week. LYNCHBURG, Va., April 19 (Spe- cial).—Because of reports that some of the 1823 crop still is in the hands of the farmers, the tobacco market here. will remain open next week, whereas the sales were to suspend with this week. Some farmers are reporting that the high prices paid generally for the last year's crop will cause them to make an effort to increase the acreage this year over 1923, '‘APRIL .19, 1924 BONDS srocx excance | Received by Private Wire Direct to The Star Office. RAILROADS. Bales. High, BT% 81% 88 83% 97% 8414 102 88 85% 81% 87% 7% 107 1124 9% 9% Low. Close. 87% 81% 88 83% 9% 84Y% 101% 87% 85% 81% 7% 7 107 112% 9% 97 26 93% 91% 86% 58% 36 86% Atchison gen 4 Atchison adj 4 Atlantic CL 1s AtianticC L el B&Oprin3ks... B & O gold 43 B B B B &O6s.. &0 cv 4%: & Oref 58, o &0 PLE&WYV 4s. B &0 SW div 3% Bklyn-Manhat BkIRT 78 '21 ct Canad North 6%: Canad Pac deb 4s.. Car Clinch & O 6s. Cen‘ral Pacific 4s. Ches & Ohic cv b1 Ches & Ocv alds Ches & O gn 414 Chi & Alton 3s Chi & Alton 3% Chi B&Q gn 4s '5! Chi B&Q 1st rf & Chi & E Il gn 58 Chi Great West 4s. C M & Puget Sd 4s. Chi M & St P cv 58, ChiM & St P 4s'25. Chi M&S P cv 4%, Chi M&ST P 4s '34. CM&StPab4s Chi M & St P 68 wi Chi & N'W 6%s Chi& NW 7s. ChiRI& Pacr! Chi T H & SE bs. Chi-Un Sta 4 % Cleve Term 5%s Cleve Term bs. Colo & Sou 4%s. Cuba R R &s Del & Hd 1st rt 4s. Den & Rio G cn 4s, D&RGstrf5s. Erfe 1st con 4 Erie gen 4s. ErieconvdsA. Gr Trunk sf db Gr North gen 7 Gr North gen54s. . Havana ERL&P 53 4 Hud & Man ret 6 Hud & Man 2] 5s. Il Central 5148 55 LHS —es s R onan RS aa - o o VRO NRNE Sanm—e Int Rap Tran; Int Rap Tran Int & G Nor aj 6s. . Int & G Nor 1st €s. Kan City FtS4s... Kansas City S 3s.. Kansas City S 5s. Kan City Term 4 Lake Shore 4s'28. Lehigh Valley 6a. . Louis & Nash 5%s. M StP & SSM b8, MK&TprinbsA. MK&T4sB MK & T adj 58 Mo Pacific 6: Mo Pacific 5£ ‘65 Mo Pacific gn 4i Montrl Tm 1st New Or Term 4s. NOTex&Mi NY Cen deb 6 NYCenriiés . N Y Cent cn 4s '98. NYC&StLS6sA.. New Havencd 6s. New Haven d 4; 7 New Haven T NYOnt & W re! N Y Ry rf 4s ctfs New York Ry aj Gs. Y W & Bos 4% Norfolk &'W cv és. Northern Pac 4s... Northern Pac §s D. O Short Licn 5s "46. Ore-Short Liref 4s. Ore-Wash 1st rf 4. Pennsyl gen bs. . Pennsyl 6%s Pennsyl goid 7: . Pennsyl con 4%3. . Peoria & E inc 4s.. Pere Marg 1st s Pere Mrq 1st 4s 56, Reading gen 4s.... Reading gn 4 awi Rio G West cl 4s... StL&SFpl4sA.. StL&SF prinsa. StL&SFincCs... StL&SF§%D... StL&SFad) 6 StL&SFplésC. StLS W 1st & StP & KCShL 4%, Seab'd A Liref 4s.. Seab'd A L adj 5s.. Seab'd A L con 6s. . Sou Pacific 45 1929, Sou Pacific ref 4s.. Southern Ry 1st 5s. Southern Ry gn 4s Southern Ry 6% Southern Ry Sou Ry Mobil Third Ave ref 4 Third Ave ad] bs. Tol StL & W 4s Union Pac st 4s... Union Pac 1st rf 53 Virginia Ry 1st 5s. Wabash 1st 6s. Western Pacific 58. West Shore 1st 4s. Wheel & LE cn 4s. Wisconsin Cent 4s. ®OomE e EnBeres ] woado 1o BeROmaBEo ol 984 843 80% 65% 9% SUGAR FROM CORN TEST. Company Claims Cost Is Less Than \ Beet Product. NEW YORK, April 19.—Production of sugar from corn, at a cost of from 25 to 30 per cent below the cost of cane or beet sugar, is expect revolutionize the sugar industry: oM cials of the Corn Products Compan: “";’h"’l'y' o 7 e company is producing 400,000 Pounds of corn sugar a day at piaeis throughout the country, it was said, but the product so far has been found especially adapted only for use by _bakeries and allied industries. Experiments which will ultimately perfect the product for table use are now being conducted, although officials declared that the refining process was far beyond the experi: mental stage. Corn sugar is much sweeter than either cane or beet sugar, a factor which at present mitigates against its use for all pur- poses, the company asserted, The refining process, it was said, turns the starchy kernel of corn into sugar. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) g Close— . Ofter, 100 1-32 June 16, 1924 100%, 2 100 27.32 “ % 192 1001332 From the Topeka Capital. Lawyer (to witness)—What is the defendant's reputation for veracity? Witdess—He's considered the big- gest eater anywhere around: I saw him get outside of a dozen hard- boiled eggs, two dozen fried oysters, halt a ham, three dozen pancakes and— Lawyer—No, T dom't care what he eats; I asked you what his repuation for veracity is. Witness—Oh, I thought you said voracity. —_— Slot-machine electric fans have been in use in a number of the larger commercial hotels of the sunny south for several years and have proved very popular, indeed. Hotel guests who desire a cooling breeze need only FINANC EVERYMAN’S INVESTMENTS By George T. Hughes Sixth Article. HOW MUCH SHOULD A MAN SAVE? Live Without Objectives. What percentage of earnings should 2 man or woman of small or moderate income save? I put the question to & gray-haired investment banker who is a trustee of a mutual savings bank and pretty much an authority on savings. He replied: “A man or woman should save ac- cording to his objective. Fact is, most people follow that rule. It's the best rule. People who save spasmodically or draw out all or a part of their savings have weak or vacillating ob- jectives. Banks probably make more proportionately from haphazard savers who draw out savings before interest is due than from the consistent savers. Talks on Savings Methodx. “Whether a person should save 5, or 10 or 20 per cent or more of his earn- ings I couldn’t say. I've seen a lot of fancy fguring along that line, but it usually won't keep a man saving if he hasn't a well thought out, sensible ob- jective. People break down in their savings plans frequently because they bite off too much at first. Led on by enthusiasm and not by a reasoning, definite plan, they start too strong. If they cannot keep their objective shin- ing in mind, they get to hating it. A person who has never saved or hasn't saved regularly should start easily, a dollar or two a week or $5 or $i0 a month, something he won't miss. That will ease him into the saving habit. Pretty soon he'll discover a real objec- tive—that he can have & home, or an in- come independent of earnings, a motor car or something else that he's long de- sired. “Banks supply an objective in Christmas savings clubs and vacation savings plans. That's a good thing. It teaches people to find still better objectives. About ten million per- sons have about seven-billion dollars in savings accounts in the U ed | States. There should be double that | number; not so much because of the money but because there would then be just ten million more persons with definits objectives in life. There are a 1ot of hard-working, steady persons | who are drifters because they are un- conscious that they haven't a definite purpose in bettering their condition. They aru continually looking for ‘something’ to turn up. Live Without Objeetives. “Wa see a lot of people in savin banks who live without objective They come in to draw out their sa ings to put into wildcat stocks and bucket shop schemes, which are the ‘somethings’ they've been expecting to turn up. In & mutual savings bank, where the trustees are paid only ‘in_ ‘honor,’ we can and do talk turkey to such folks. and frequently we induce them to avoid losses. But | in a regular bank the officers often find it impossible to give the best possible advice against the worst wildeatting. Depositors prefer losses to cound advice. “A savings account is an invest- ment, the first for many persons. It ¥ields little in money, but it enables the investor to gain higher-yielding nvestments, such as bonds or a home, The savings account is an investment that can lead a man into financial in- dependence, if he has that as a firm ob)ecl\\;n. hn'x surprising_what you can get ‘when you go aft e terminedly.” ! s i (Copyright, BALTIMORE, April 19 The establishment of a bank here by the trades unions of Baltimore is be- ing considered in order to take ad- vantage of the law passed by the re- cent legislature legalizing “credit unions.” These are u:ian: of workers to lend money to each other without going to banks. The legal interest 1imit rats Wwill be 12 per cent a vear. This is above the bank rate, but below that charged by “loan sharks,” at whom the iaw is aimed, Leaders in the move say that it the first one proves successful others il be established in different parcs of the city and that the earnings of the banks nfay be used to establish a regular trades union bank in Balti- more. GRAIN AND PROVISIONS. BALTIMORE, Md.. April 19 (Spe- cial). —Potatoes, white, 100 pounds, 75a1.75: 150 pounds, 1.23a2.85: sweets and yams, barrel. 2.30a7.00. New po- tatoes, barrel, 7.00a10.00; bushel, 1,75 a3.00. Asparagus. dozén, 5.00a8.00; beans, bushel. 2.50a4.00; beets, basket, 1.50; shel, $2a3 basket, 4.0026.0 : ca - ower, crate, 2.50a3.25! celery, crate, 2.75a3.25; cucumbers, crate, 6.00a10.00; eggplants, crate, 3.00 85.00; horseradish. bushel, 3.00a4.50; lettuce, bushel, 2.50a5.50; onions, hun. dred pounds, 1.25a2.75: spring onion 3 hundred, 1.25a1.50: parsnips, basket. 65a75; peas, hamper, 2.0025.50; pep- crate, 3.0026.00; spinach, bushel, ; radish, bushel, . _orate, 4.00a5.00; tomatoe: crate, £.50a5.00; turnips, bushel, 40a50. Apples, packed — Barrel, 2.00a4.5: bushel. 50a1.50; box ap 1.75a2.50. Grapefruit, box, oranges, Dox, 2.00a275; strawberries, quart, 63 70, Settling Prices on Grain. Wheat—No. 2 red winter, spof 1.09%; No 3 red winter garlick domestic, 109%;.no quotations on N 4 or No.'3 red winter, garlicky. No sales Corn—Cob, new, 4.25a4.30 per bar- rol for vellow and 4.10a4.15 per barrel for white; No. 2 corn, spot, 83%; No. 3 corn, spot, 85%: track corn, vellow, No. 3, 90. ' No sales. 4 Oats—No. 2 white, 57; No. 3 white, new, 56. _’sfwo—Nearuy, 70a80; No. 2 rye, spot, Hay—Receipts, 66 tons. The market is steady for good second hay. Timo- thy and No, 1 clover and clover mixed so much inferior in daily offer- ings and damaged that it is hard to sell on grade. Prices take a wide range on “off” hay. Low grade and damaged hay dull at Quotations: No. 1 timothy. per ton: No. 2, 26.00a27.00: . clover, 23.00a24.00; No. 1 clover mixed, 25.50a26.00; No. 2 clover mixed, 22.00 a22.50; No. 1_clover, 26.00a26.50. Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 18.00 a20.00; No. 1 wheat, 18.00a18.50; No. 1 02.18.00. CHICAGO GRAIN MARKET. CHICAGO, April 19.—Material fresh upturn in wheat prices took place to- day soon after business began. Chances that perhaps temporary sharp advances in grain values would result from legislation at Washington appeared to be the chief influence. Smallness of wheat receipts at Kan- sas City, together with reports of crop damage being disclosed in the winter wheat belt east of the Missis- sippi also were given considerable at- tention, as well as new high records for francs and sterling. Initial prices, which ranged from 15 lower to %ab higher, May 1.02% to 103 and July 1.05% "to 1.053%, were followed by gains all around. Corn and oats sympathized with the wheat advance. After opening at % lower to a shade higher, May 78% to 78%, corn scored slight gains for most deliveries. Oats started at a shade to % up, May 47%, and later held near to the opening figures. Provisions were a trifle firmer ow- ing to grain strength. WHEAT— High, Tow. 1.02% 110514 1.06% 1% drop a small coin in the slot, and the fan will thereupon begin to whirl and continue to do so for several hours. 1f there is further need for the fan- made breeze, another coln will start it going again. | company (Special). — | g3 IAL BONDS ARE FIRMER ON D. C. EXCHANGE Stock Issues, However, Ease Off Slightly in Closing Ses- sion Today. ONLY FAVORITES ACTIVE Margin of Bank Clearings in U. S. Noticeably Wider. Bonds were firmer, but stock issues sold off on the Washington Stock Exchange in the closing session this morning. Only favorite issues at- tracted attention. ‘Washington Gas 6s of 1933, which fluctuate according to the denomma- tion of bond sold, advanced to 101 on sales of $3,000, while Capital Traction 58 were up quarter of a point to 973, Railway 4s scored a similar advance to 72, and Wardman Park Hotel 6s and C. & P. Telephone 5s were both unchanged, 1003 and 97, respectivel Rallway preferred stock eased off fractionally to 74%, with Capital Traction selling at 93%. Washington Gas Light stock was off to 49 Riggs National Bank was off several points to 289, as was Union Trust Company at 164, Railway comm Beld at 71% and Lanston sold at 7 Bond Activity Seen. The present outlook points to con- tinued activity in the offering of new bonds to investors throughout the remainder of April and into May Several railroad issues are being heid back only for approval of the Inter- state Commerce Commission. One is a block of about $6.000,000 equipment bonds of a leading west- ern system. Another is an issue of New "York, Chicago and St. Louis bonds. probably in May. On April 4 stockholders authorized an increase in the bonded indebtedness of the to $500,000.000. Arrange ments for the Florida Western and Northern financing have been com- pleted subject to the Commerce Com- mission’s approval. The agitation last weck, created by the prospects of a loan to a Belgian industrial group, has died down and negotiations for the loan are equally quiet Although reported to be entirely a thing of the past, bankers say it has not been abandoned and look for a revival of interest in it later. Other rumored international loans are as far from materialization as ever. Business Failures Noted. Only a slight change occurred in the number of failures in the United States this week, a total of 401 being reported to R. G. Dun & Co.. This represents an increase of four de- faults over the number last week, but is seventeen less than for the corresponding week of last year. A widening of the margin of in- crease in bank clearings occurred this week, leading cities of the United States reporting an aggregate of 714,581,000. This total is 5.1 per cent larger than that of a year ago. whereas there was a gain of only 0.3 per cent last weel Most of the increase this week was at New York city, which had clear- ings of $4,801,000,000, or 8.4 per cent more than the amount for the same period of 1 Washington Sfdék Exchange. SALES. Washington Gas 6a '33—$1,000 at 101, $1.000 at 101, $1.000 ‘st 101. grgapiial Traction 36—$1,000 at 9735, 3500 at ‘Washington Rwy. & Elec. 458300 at Wardman Park Hotel 6e—$1.000 at 100 Capital Traction—7 at 93%, 1 at 93%, 7 at Washington Rwy. & Elec. pfd.—10 at 743, 10 at T4l 7 at 74%. oM ashinglon Gas Light—5 at 49%. 5 at 492, at 497 Riggs Nationsl Bank—6 at 288, 4 at 250 Union Trust Co.—3 at 1 Lanston Monotype—10 at 723, 2 at T2%. AFTER CALL. Wardman Park Hotel 65—$1,000 at 100%. $1.000 at 1003, Chesapeake and Potomac Tel. 5s—$1.008 at TiWashington Rwy. and Elec, com.—3 at 1%, BONDS. Bid and A ‘ked Prices. PUBLIC UTILITIES, Bid. American Tel. and Telg: 3 American Tel. & Tel. 4 Am. Tel. & Tel. ctl. tr. Am. Tel. & Tel. conv. & Potomac e C. & P. Telephone os.. C. & P. Telephone of Va. 5e. Capital Traction R R. 5s. City & Suburban_ 5s. Georgetown Gas st 5 Metropolitan K. R. 5s. Potomac Elec. 1st 5s. Potomac Elec. c Pot. Elec. Pow. g. m. & Tef. Ts. Wash., Alex. & Mt. Ver G Alex. & Mt. Vi Riggs Realty os (short Wash. Market Cold Storage 58.. Wardman Park Hotel 6s... 1 STOCKS. PUBLIC UTILITIES. American_Tel. & Telga, Capital Traction Washington _Gas, orfolk & Wash. Steamboat. . Rwy. & Flec. com. Wash. Rwy. & Elec. pfd. Terminal Taxi com.. NATIONAL BANK. Capital . Columbia Commereial . District. . Farmers ‘& Mechanies' Federal-American Liberty Lincoln Second ‘National National Bank of Washingto TRUST COMPANY STOCKS. American Security & Trust. ntinental Trusi. Cor L East Washington, Security Savings Seventh Street. United State: : Washington Mechanics American Corcoran Firemen's ... National Unioa. TITLE INSURANGI Columbia_Title.. Real Estate T4 MISCELLANEOUS, D. C. Paper pfd... Merchants' ‘Transfer Mergenthaler Linotype National Mort. ‘& Inves 0Old Dutch Murket com. 0ld Dutch Market pfd. Tanston Monotype . Security Storage. Washington Market. Yellow Cab........ *Ex dividend. The Uncovered Wagon. From the Oklahoma Whirlwind. Oklahoma Motor Car Agent (after lengthy explanations to Osage chief)— Now I've gone over this car thoroughly with you; I've shown you every cam and shaft, and I'd like to have your order. But is there still anything you don’t understand: any Qquestions you would like to ask? Chief—Yes, what makes it go? —— Interesting Literature. From the London Humorist. 8% 8% September Hostess—I hope you found that novel interesting, Mr. Patterson. Guest—Well, 1 must confess it wasn't quite so interesting as the letter some one left in it as a book« mark.