Evening Star Newspaper, April 23, 1924, Page 26

FINANCIAL. ON CHANGE DROPS | I‘lusiness of New York Market To- i1 day Largely of Professional { Character. Bf.ARS SHOW MORE CAUTION Variation Seen in Effects of Re-| cent Short Selling. BY STUART P. WEST. 10 The § April was still further stock market today was more than ever fonul. The bear party had b d more cuutious by Tue: had demon of resistance to short considerable part of fons for the decline however, against in- believed to be in an | One of these and _umnurY —The volume | reduced | nd the profes- the ading | which greater degrec over Ope wed ual stock untavorable po was American was Ame re American Woolen ut New Lew. | There was nothing new to account | * the drop in American Woolen to | he lo: it hae sold this The woolen industry is not badl: ¢ he cotton ind yet it ume problem of h wag “hich it has heen unable to pass o consumer s of dividend tion for the | he the fuil upon in- | properties to_cover ve o small | But until the | business takes a at present seems far off, | 1gar common must be classed non-dividend payer, and as ts proper selling level in | e of for the common Cuban Producers Fare Better. | s of Cuban Sugar Producers, | her hand, did better. They follow another rise in raw r prices, in the course of which nsactions were reported at an ad- o of f cent a pound over last s J0W. Share on th continued to speculate | r the explanation for the special «nxth in Colorado Fuel and Jron. ‘The in the stock could only have been accounted for on the ground of the recent improvement in 4 the surplus for the first | unting to $580,000 against | 0 a year ago. | expected, Mexican Seaboard di- rectors declared a dividend of 50 <hare, but the effect had been | rthe stock. Atlantic particularly sharp re- | in de- sToup of the and Roy s Otherwise, the o followed the course market. FIRMER TONE IN MARKET. Confidence Inspired by President Coolidge’s Recent Speech. B the ound Associated Prezs NEW YORK, April 23.—Short co ering operations imparted a firmer one to stock prices at the opening of oday's market, which' reflected the better feeling inspired by President Coolidge's address vesterday. Aggres- sive buying was nowhere in evidence, | but continued covering brought about | steady improvement throughout the general list | Motor. oil and speciaity scored fractional gains, but American | Woolen continued under selling pres- | sure, due to the unfavorable trade | reports from the textile industry, | falling to a new low at 6214. General Electric advanced 2 points and gains ranging from fractions to more than | @ point were registersd by Baldwin, Allied Chemical, Colorado Fuel atd | iron, Guif States Steel, Chandler Max Motors ' General Motors ind_du Pont hoth responded to the| fuvorable earnings showed by the former corporation in the first quar- ter. Congoleum and ) nd | Wostern encountered fres s | and declined from 1 to 2 s. For- | izn exchanges opened higher. | Overextension of short accounts, ' indicated by the unprecedented numb of thirst-four iss louning “flat.” rrovided the basis for teehnical ral- | stocks which recently have | ed to selling presgure. At time an increase’ in ear | ken to mean that the de- | had been checked, en- ceumption of constru tive activities throughout the indus- | trial list. Mexican Seaboard displayed strength on prospects that dividends would be resumed on the common Stock. Fleischmann, with a two-point gain, reached a new high level at 50%. Call money opened at 4 per cent. Iresh attacks against American Sugar common and preferred and American Woolen, which forced them to_new low figures for the year of 18%, 83% and respectively, failed “o halt the insistent demand for other stocks. United States Cast Iron Pipe, Colorado Fuel and Cuba Cane Sugar preferred were buoyant, with various low-priced railroads also developing ble strength. Both Amer 1 Sugar and American Woolen sub- quently rallied sharply. CHARGED WETH PERJURY. Race Track Follower Involved in | Bankruptcy Case. 'W YORK, April 23.—Two indict- ments returned yesterday before | Federal Judge Winsiow named Arnold Tiothstein, race track follower, a de- fendant in connmection with the bank- uptey of E. M. Fuller & Co., stock- rokers. In the first indictment tothstein was charged with being un opomplice in the concealment of | i:gward M. Fuller'’s high-priced auto- mobile from the trustee in bankruptey n} the second he was accused of per. jufy and attempting to defeat the fed- ~rgl income tax law. . 4 udge Winslow fixed Rothstein’s bal i} $10.000, and released him pending pletion of arrangements to furnish | 76 bond_ Rothstein’s reply to a query as to whether he wished to make a state- ment was, “I'll have to find out what *hjs is all about first.” | ~uller's car, the =zovernment com- tchds, was the property of the bank- rupt_estate, and Rothstein was aware s this fact when he subsequently sold it} Fuller was named co-defendant in thg automobile indictment. e perjury indictment was based onf the charge that Rothstein swore his ignual met income was $7.257.29, whereas the government claims’ it ex- copded $43,940.88. NEW HEAD N. & W, ROAD. A. C. Needles Elected President. Two Vice Presidents Named. PHILADELPHIA, April 25.—The hoard of directors of the Norfplk and Western railway yesterday elected \. C. Needles president of the com- pany to succeed N. D. Maher, who retires under the company's pension -egulations on May 1. | J. Jenks was appointed vice| ident in charge of operations, to! suceeed Mr. Needle W. Herrman v sresident in cha shares | ame £, t line in t NE ted vie E. Uz er & appol of trafll neral m. s na 1 eudifor o)i | Alr Reduct (4).. Alaska Juneau.. Allled Chem (4). AIC& Dot (1). | Allis-Chalm (4). | Am Agri Chem. . Am Agri Chem pt Am Beet Sug (1), Am Can 18). . Am Can pf (7). AmC& T (12)... AmCEFopf (7). Am Chain A (2). Am Drug Synd. .. Am Express (¢). Am&EW P 25e5(7). Am IHide & Le Am Hide & L pt.. Am Tee (7). Am Internatl. am Locomo (6) Am Loco pf (7) Am Radiator (4) Am Republics. . | Am Saf R (50e). Am Ship & Com.. | Am Em & Re (§) Am Stl Fiys ( Am Sugar, . Am Sugar pt (7) Am Sumat Tob. Am T & Tel (9).. Am Tobae (12).. Am Tob B (12).. Am Water Wks. . Am Woolen (7). m Wool pf (7). Xt Zine. o1 . 4 B Anaconda. . Arm pf Del (7). > | Arn Cons & Co. A0 Dry G (5) .. A5 DG 2d pf Aseo OIl (1%) ATT&SFe (6). AT&SFpf(5). Atl Birm & At... AtGuift&WI... At Gulf & WIpt. Atlantic Ref (41 Atlan Ref pt (7). Austin-Nichols Auto Knitter... Bald Loco (7)... Barnsdall A. Lial & Ohlu (5) B'ch Nut (2.40). ietn Steel (6)..~ Erth St P (1) .. Er'k Edinon (8). Rr'k-Man Tran Br'kn-Man pf (6) Brklyn Un G (4) Brown Shoe (4) . Burns Br (10, Burns Rr B (2). Butte C & Zinc. Butte & Superter. Cs! Packing ($). Cal Pet (1%).... Callahan Z [ead Calumet & Hecla Can Pacific (10). Case J 1 Plow. Cent Leather Co. Cent Lea Co pf. .. Cer de PasC (4) Chand Mot (§).. Chee & Ohlo (4. Chicago & Alton,.. Ch & Eact T pf.. Ch Mil & St Faul Ch Mii & St ¥ pt. Chi & Nwa (i).. Ch & Nwn pf (1) ChteR1& Pac CRI&PDf (7). Chi Yellow C (4) Caite Cop (2 Chino Copper. Coca-Coia (7). .. Colo Fuel & Iron. ColG & E (2.60) Col Carbza (4) . Com Solv A (4).. Com Solv B..... Conguieum (3 Conley Tin Foil. Consol Cigar. Consol Gas (5).. Consol Textil Cont Can (4) . Contl Motors(20c) Corn Prod (10) Corn Prod new Corden Co.. Crucible Sti (4 Cnb Am Sug (3). Cuban Cane Sug. Cub Cane Supf . Cub Dom Sug pf.. Cuyamel Fr (4). DanlBoone M(3) Lavidson Chem. Del & Hud (9) Det L& W (6) Dome Mines (2 Du PtdeN (8). Du P de N db (6) East K (15%) Eaton Ax (2603, £1Stor Bat (4).. End-Jonn (5) ... Erie. . Zrie 18t Df. Famous P1 (8)... Famous PI of (8) Fifth Av B (64c) Fish BOpf (8).. Fisk Rubber. Fleischman (3) . Freeport-Texus. n Asphalt. Gen Cigar (8) Gen Eiec (8).. . Gen E spe (60c) Gen Mot 11.20) . Gen Mot db (6) Gen Petrolm(7). Ginrber Bros. ... Slidden Co. Gold Dust w. 1. Goldwyn Pict. Goodrich pf (7) Goodyegr pt. .. G'dyear prpf (8) Grauby Consol Gray & Davis. i3t North pf (5). Gr NorOre (3)... Grt Wstn Su (8) Gr Canan Cop. . Guantan Sugar. alt StS 0 Guif Mo&N pf (5) | Hanna 1st pf (7). Hartman Co (4). Hayes Wh'l (3). Homestake (6).. Housen'd Pr (3). Houston Ofl. ... Hud Mot C (3) .~ Hupp Mot C (1). Indep Oil (25¢).. tnspiration Cop. Laterb Rap Tr. Int Bus Ma (8).. Int Cement (4).- Lot Com Kng (2) Internat Har (5) Int Mer Maris 1nt Mer Mar pf. internat Nickel.. | Internat Paper. . Int T&T (6). Intertype (11%). tnvincible Oil . Jones Bros Tea. . Jordan Mot (2).. Kansas & Gulf KC P&L 1st (3. Kan City South.. Kayser pf (8)... Keity Spr Tit el Sp T pf (6). Kelly Springfd pf. Kelsey Whi (8). Kenne Cop (3). .~ Laciede Gas (7). Lee Rub & Tire... Leh Vel (3%). .. Leh Val rights . Lig & My (new). Lig & My B(new) Lima Loco (4).. s Loews Inc (2} Loft,Incorpor. Loose-Wiles Bls. Lorillard (3)... louis & N'sh (5) Ludlum St1 (2) Mack Open. High. 0% 70% 1% 1% 681 694 113% 434% 84 23% 38 7% 111% 155 43% st 23% 39 9914 111% 155 121 2 100° 34 49 | Corn Pr Rpt (7) 1}:7/- 1 52 314 12% 55% 45 61% 23% 424, 108% 114 16% 119% 86 106 15 Ti% 20% 13% 4% 65% 27% 90 13% 8% 6614 55% 88 364 36 50 82 6z 23% *12 T4 24% 19% 87 40% 23 8 95 19% 504 58% 16% Aty 50t 85% Y0t Low. Close. | 0% 1% 68% 113% 118 a3 8% 28% 0% 1% 68% 13 284% 51 507% 583 6% ol b4 &5% 9015 20% 8% | ' 5 NEW YORK STOCK EXCHANGE Received dy Private Wire Disect to The Star Office Open. High. Maxwell Mot A... | Maxwell Mot B.. May Dpt St (5) Mex Seaboard AMex Seabuard ct. \Miami Cop (2).. Middie St Ol Minn & 8t Loui: Min K & Tex pf. Missouri Pac pf.. | Mont Power (4). Montzom Ward.. Moon Mot (3)... | Mother Lode (1) ash Mot (4814). 1 Nat Biscwit 2. | Nat Dairy (3). | Nut Dept Stores. Nat Bn & St.... Nat Lead (8)... Nat Ry, M 2d pf. at Supply (3) N: Sup pf (7). | Nev Cona Covp. NOrTa&M(7) N Y Air Br (4) NYARrA ) N Y Canners () N ¥ Central (7). N ¥ C-Ready rts. NY C & StL (6) YDoek....... & Harlm (o) NY NH & Hurc N Y Ont & Weut Norr & W (18) . 20 L North Amer (2). North Pac (8)... North Am pf (3) Nov Scotia Steel. Okla Pr & Ref Jrpheum (1%) .. ‘s Steel. . Mis Qteel pf ens Bot (3) . Coust 2d pf... e G R B8y, acific Oil (3) . ‘aekard (1.29) Pan Amer (4). Pan Amer B (4). arish & Bing. ... ‘enn Rallr'd (3) t'enn Seab Steel. veop Gas Ch (1) t'ere Marq (4) .. Pere M prpf (5) ’hila Co (4). Phila & R& L. 1 Mor (50¢) . Phillips Pet (1) .. Phoenix Hosiery . 187 17% 160 N 445 14% 440 i | Prod & Refiners | Pub Ser NJ (4).. 42 | Pub SNIpf (8). 99% i uilman Co (8).. 116 unta Al Su (8). 57 Pure Ol (1%4)... 215 97a noids Spr (2) ikey Tob B (3) .. oy D'tch (3.46) itessia Ins A (6). st Jos Lead (i2) sti.San Fran -t L Sothwest L Sthpt (5) nta Cecllia. | suvage Arms. schulte (§8)..... seaboard Alr L. ~eab'd AIr u pf. rs Roe & Co... suncea Copper. .. Shell Trad (2.06) shell Un Oil (1).. simmons Co (1). S tet... ... nc Con Ofl (). kelly OMl...... ~loss-Sheft (6) > P Rico Su South Pac (8) . Southern Ry (3). 50 1 484 9 195 1% 0% 16% 184 208 Oii Cal (2) StOHNJ (1) tONNJIPI (7). ling Pr (4).. 56% t War (10) 70 Stromberg C (8). tudebaker (10) studebaker wi.. ~ubmarine Boat. uperior Ol . Sweets Co of Am. Tenn C & Ch. icxas Co (3). rexas & Pacific «x & PacC&O. ide Wat Oll (4) Timken (13%).. svvi'rod (8) Lob Frod A (7! Tob Prod pf (7) L ranscont Oll. Union Oil.... wn Pacific (10) Un Pac pf (4). Jtd Alloy Stl (3). Utd Ry Jnvest. U S Casf Iron P. U 8 Distributing. L S lud Alcobol USK&Im (8) U & Hubber. . ... SR 1stpf (3) S Smelting. ... US Sm't pf (3%). « SSteel L16%). U 8 Steel pf (7). tan Copper (4) Utah Securities. . vanadium Corp. va-Caio Chem... va-Caro Ch pt. VaIC&C (312). Va IrC&C pf (5) . Wabasn pLA.... West Mary 2d pt. W estein pacitic. . west Un Tel (7). west s & M (4). Wheel & L Er pf.. White Mot (4)... wickwire Sp 8tl. Wilson & Co Wil & Copf.... willys-Overiand. Willys-Over pf.... Woolworth (8) Woolworth wi(3) Wright Aero (1), Wrig WJr (3}... Yellow Cab (35 .. Y 17% 55% 7% 9__ 60 T 3% % 45 130 1t 25% 27% 4% 20 48 96% 119% 66% 26% 45ls 15% 18 105% b9t 16% b1% 214 35 106% 609 17% b1% 2% 10% 35 Bl 684% 316 314% 8% 8% 10 9% 854 36% 3ok 6% Ge% 55 b2 b4 tPartly extra. $Payable in preferred stock. ividend rates as given in tho above table are the annual cash paymenis based on the Iatest ‘quarterly or Lalf-yearly declarations. Unless otherwise noted. extra or special divideuds are not included. Higb. Low. Last. Call Money 4 4 4 HOURLY SALES OF STOCKS. 1lam.....201,100 437,400 12m......312,900 588,900 YORK PRODUCE. NEW YORK, April 23 (Special)— Old crop yellow onions were in lib- eral receipt today, but most offerin were poor and demand was exceed- ingly slow, with most sales ranging from .60 to 1.00 per 100-pound sack. Some offerings of somewhat better quality realized 1.25 to 1.50. Several car- loads of Mexican yellow onfons brought from .90 to 3.00 per crate. Old crop white potatoes wers in moderate receipt, but trading was i limited. }_ Upstate No. 1 potatoes in bulk sold from 3.00 to 3.75 per 180 pounds. Florida new crop, No. 1, Spaulding rose. brought from 9.50 o 11.00 per {double-headed barrel. » | The carrot market was' inactive. Sales of No. 1 muckland carrots, in doublc-headed barrels, ranged from 14.25 to 5.25. Texa. -op, bunched | carrots sold* from 0 per bushel lbasker. Slat 8% 10 51, |Son & Co's 15% | the | Pacific general 4 99 | FOR BONDS TODAY Liberties Firm and U. S. Treasury 4 14s Make Another New High. FOREIGN ISSUES ABSORBED Greatest Reaction Is Noted in In- dustrial List. BY GEQRGE T. HUGHES, Special Dispatch to The Star. NEW YORK, April 23.—Irregularity | and uncertainty characterized today's trading in bonds. Liberties were firm irmd the Treasury 4%s made anether new high, but high-grade rails were inolined to drag. Forelgn bonds were strong almost without exception, but domestic industrials and speoulative rails were reactionary. It was evideut that the buyers of United States government loans were | not ready te extend their operations |to the raflroad and industrial list. | If the strength in libarties were con- |fined to the short-term issues it | would be easier to understand why long-term railroad bonds should be nexlected. But the fact was that the govern- ment issue relatively the strongest | was the one of longest term. Most | probable explanation is that Libertys [have been selliug out of line with the rest of the investment market, Foreign Honds Popular. With only min tions under | profit-tuking the rption of for- | bonds went Al the obligations sold around their highs. The new Japanese 6'os B W NMivh oon this recovery It was in the industrial that the | Brewwse reavion wok pla Ameri- |can Sugar Refining 6s made u new low record for the year. bonds | were originally offered cember, 11921, at 9% und sold more than point below that price today. TI decline is doubtless due in sympathy to the slump in the stock. United States Rubber sold below §0 again and there further drop in Wil- convertible 6s, although rallied somewhat. T34 a littlo lower. ~Ajax Rubber 85 made a new low. | Speculative Rails Dull. Speculative rails were dull, Missour wits one of the few being ac and strong ipal issue of the day was exception The pri the $17,640.000 Southern Pacific § per | :ent equipment trust certificates, of fered on a 5.08 per cent basi; new offerings included Grand Rapids Railroad first s at 993, §5,000,000 Americ and Light debenturo 6s at 9 $8,000.000 Birmingha and refunding 6s at & SR MAY PAY FULL CLAIMS. Committees Named for Corporation Now in Receivership. NEW YORK, April of two committees | ereditors for th 23.—Formation of merchandise o | Chemical Compan the Southern Cotton Oil both of which are now | ship, was announced last 1 Members of thy: committe | ters sent to ail merchandise « {said it was anticipated that all could be paid in full. but that pay ment could only be omplished by a rearrangement of finances to per- | mit termination of reecivership. A | proposal was outl to work with | banking creditors to this end. No plan calling for less than full payment of principal_of the merchandise credi- claims, would be approved, « asserted. Members of the Company receiver- ght in let- ditors, laims committe Walter Lind: New the mer- of 1t o ciaim 0. are It Representing ereditor: wh |ed about $1.200, American Can Company Alexander, Wessel Duval ent, Continental Can erpont, Picrpont facturing Company o . COTTON MARKETS. NEW YORK, April 23.—Recent de- cline followed by o inoderate raily when the cotfon market opencd |today. Liverpool made a relatively steady showing und there was rather active covering by reoent seliers in the Jocal market with first prices Steady at advances of 10 to 24 pointe May sold up to 29.05 and Octoher (0 §24.20, but a favorable interpretation of the weekly report of the weather | bureau led 1o increased offerings at | these figures and the:e were reactions 2f 15 to 20 points during the early trading. Business was moderately active although restricted extent by uncertainty regarding the probable extent and effect- of the May notices expected Friday. Liver- pool cables reported trade callings and more desire to buy in futures but complained of a poor spot de- mand. Early reaction brought a spurt of covering by near-month shorts and the market firmed up. Later buyine developed on prospects for unsettled Company Manu- ere of the week. May advanced : and October to 2447, with the riarket showing net gains of about 30 to 53 points on the active months. Demand tapered off at these figures and trad- ing was quiet later, with prices eas- ing off again in the absence of a aggressive support. At midday Ma was ruling around 28.85, or about 9 points net higher. NEW ORLEANS, April 23.—The cot- ton market opened 13 to 25 points down in way of adjustment with the decline in New York yesterday, when the local market was closed. The decline would have been greater but | for a recovery of 16 to 25 points in the northern market at the start, owing to better Liverpool cables than dur. Prices eased off immediately after the opening on a good weather map and a favorable weekly weather re- port, and May traded down to 29.00, July to 27.07 and October to 23.51, or 22 to 60 points lower than Monday's close. The market then rallied about 15 to 18 points from the low on cov- ering. LIVERPOOL. April 25.—Cotton spot. limited demand; prices easier; good | middling, 18.22; fully middling, 17.78; | middling, 17.28; low middling, 16.43 good ordinary, 15.43; ordinary, 14.93. Sales, 5000 bales, including 4,400 American. - Receipts. 4,000 bales, in- Cluding 5300 American. Future: closed steady: April, 17.24; May, 16.99 July, 16.38; October. 14.31; December, 13.85; January, 13.71; March, 13.59. _ s il iy NEW YORK, April Z—The raw s market was firm early today, an Spot Cuban advanced 4 to the basis of 6.40, duty paid, on sales of 20,000 bags to a local refiner. Raw sugar futures were 10 to 11 points higher at midday on covering and rencwed for outside account, stimu- lated by the firmness of the spot mar- ket and reports of an Increased business I finea sugar was unchanged at §.00 Refined suga X to .25 for finc granulated, but a better inquiry was reported. 5 Refined futures were nominal. -~ PLANS $500,000 BOND ISSUE. The Goldon Belt railway of Kansa, applied for permission before the Inter- state Commerce Commission today to issue 3500,000 In first mortgage 7 per cent coupon twenty-five-year bonds, and to issue $500,000 worth of commou stock | American | | Agricultural 7%s and Marine 6s were it | Betn weather in the southwest by the end | (Fractions represent Example: Bales. High. Lib3%s. . Lib 1st £ Lib2da4% 53 100-2 176 100 FOREIGN. Bales. High. Argentine 7=. . 15 1014 Argentine 65°37... 98 90% | Austria 78 10 90% | Belgium 148 Belgium Belgium & Bolivia Brazil8s...... Brazil 7% Canada 68 1926 Canada 5%s 1929 Canada 681931.... Canada 5 “Rile 83 1946. Chile 85 1926. Chile 8s 1941, Chile 75 1943. Chinese Gov Ry bs Copenhagen 6% Cuba 5% 4 Czechosl u. Danish Munic 8s A Denmark 8s Denmark 6s Dutch E 16 Framerican 7%s, | French Govt | French Govt 7%s. 1 folland-Amer Japanese 2d 4% s Japanese 4s Japanese 61.s wl. 157 Jergens U M 6s 47, 11 Lyon 6s. Marseille 6s. Mexico 5t Mexico 4s. . Netherlands 6s Norway 8s | Norway 6s 1943 Norway 6s 195: | Orient Dev deb Paris-Ly's-Med 6 | Prague 7%4s...... Queensland 7 Queensland 6s. . . Rio de Jan §3 194/ Riode Jan $s 1947, Pis Gr Do Sui §s. . Salvador Bs '48. Sao PPaulo City 8s. Eao Paulo State 8s. Seine Dept of 7s. . Scrbs Crotes Slo 83 Scissons 6s. Ud Kingm 548 0% ©d Steam Copen 6s Cruguay 8; MISCELLANEQUS Rubber Ss s01% Am Chainsf Am Cotton Oil Am Smita i 1 o SmIt&R 6s. . Am Sug ref 6a.... imT&Tcv6s... Am T & T el trbs AmT&Tcltr4s Am T & Tdeb s Water Wks Anaconda cv db Anaconda 1st 6s. | Armour & Co 4 | Armour of Del 5% | Asmociated O11 65 | Atlantic Refin 53. | Barnsdall s £ 53 Tel Pa 5s. h Steel 5 | Beth Steel rf Beth Steel pm 3s.. eel s 6s. r H St 1st 5 Bkiyn Edison 7s D Bilyn Ed gen tral Leather Cerro de Pasco Ct opper 6s. CinG & s* Col Gas & Kl 53 Col Gas & El bs ¢ Commonwth P 6% Con Coal Md 1st is Consumers Pow: bs. Cuban-Am Sug $s. Cuba Cane cv d 8. Cuba Cane cv 75 '30 Dery (DG) T=.... [et Edison ref 6s. Donner Steel 7s. .. Du Pont de N 7%s. Duguesne Light 65 Lst Cuba Sug T%s. Empire G&F T%s. ! Fisk Rubber 3s.... | Gen Elec deb bs. | Gen Refractres 6s. | GGoodrich 6%s Goodyear Goodyear 8= 1941 Hershey 6s 1942. Humble O&R 5% Indiana Steel 5. Lilinots Bell 1st 584 6 Int Mer Marine 6s. 90 Inter Paper 5s '47. 3 KCP&Ltb6s AS2. KanG & El 6552 Kayser (J) 7s.... Kelly-Spring Ss. Lackawa S 5s ‘50 | Liggett & Myrs b8, l.orillard (P) 5s. | Lorillara (P) Magma Cop cv Manati Sug sf 7%s 3 Marland Oil 8= '31. | Mexican Petrol Ss. Midvale Steel 8. | Montana Power 53 | Morris&Co 1st 433 | Nat Tube 1st New Eng Tel N Y Eusn 1st 6%: NYG EL H&P 5 NYG EL H&P 4 NY Tel 63°41. NYTel6s'49. N Y Tel 4%s8 North Am Ed és North Am Ed 6 Nor States Pow bs. Nor States Pow 6s. Northwsr B Tel 7 Otis Steel 7%s. Pacific Gas & El bs |Pac T & T1stba... | Phil & Rdg C&1 6s. | PhilaCoref s A. Plerce-Arrow 8s. Plerce Oil deb 8: | Producers & Rt Public Service 5s. Pub Ser Elec 6s wi. Punta Alegre 7s. Saks & CosfTs... Sharon St1H 8s... Sin.lsir Oil 7s. Sinclair Oll 6%s. 9 & W TERE vunmSandn —— - - ST P T =L PN PP South Bell Tel &8 So Por Rico Sug 7s Southweat Beil 5: Steel & Tube 75 Sug Est Orient 7s. . Tenn Elec Pow U S Rub 1st rf 5: US Rubber 7 USSteels t Utah Pow & Lt 58 Vertlentes Sug 7s. Va-Car Chem 7 Va-CarCh 1%sw. Warner Sug 75 '41. Warner Sug 7s'39. Western Elec s, Westinghouse 7s. Willys-Ov 63s '33. . Wilson & Co 13t 6s Wilson&C cv T%s. Wilson & Co cv 6s. Winchester A T1i8 T o2, o ®m ot n o Re8E e PP o & ON NEW YORK Recelved by Private Wire Direct to The Star Office. (Bales are in $1.000.) UNITED STATES BONDS. thirty - seconds. 98-3 means 98 3-32.) Low. Closa. 99-9 100 99-31 9g-51 4970 100-10 100~ 1 1646 1003 100 172 10120 101-15 101-18 147 99-11 999 100 Low. Close. 101 20 90 101% 99 101% £9% 817 80% 4% 99 i 100% 101% 9 9974 100-2 THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, 101 90 90% 101% 9914 102 8914 817 80% 95 99 1005, 101% 99% 100 108% 103 104 96 40 £9% u3le 7% Atchison gen 4s [Chi& APRIL 2 RAILROAD:! i 1% Atchison adj 4s. Atlantic C L 1st 4s. Atlantic C L cl 4%. . B&Oprin 3% B& O xold ¢ B&O6s. B &0 cv 4% B& Oref bs. Canadian North 7a Caaad North 6%» Cannd Pac deb 4s.. Tar Clinch & O 6+, Cent of Ga 63 Cen'ral Pacifi Ches & Ohic cv bs. Ches & O cv 4 ts Ches & O gn 445 Chi & Alton 3%s Chi B&Q gn 45 '63. Chi B&Q Ist rf Gs., Chi & E 111 gn 58 Chi Great West 4 ChiM &St Prf 4%: ChiM & St Pev Chi M & St P 4125, Chi M&S P cv 415s. Chi M&ST P 4s ‘34 CM&StPen 4 CM&St i"db4s. .. ChiM & St P 6s wi. Chi & N N Chi y Chi RY |ChIK 1 & Pacrf 43 ChITH&S Chi-Un Sta 415, Chi & W Ind cn 4s. CCC&SL rf erm 5s. . Colo & Sou 43s. Cuba R R 6s.. Del & Hd 1st rf Del & Hudson § Den & Rio G o D&RGstrf s Erie conv 4s D. Gr Trunk &f db 68 78 r North gen5i4s. . Green B& W db B Flud & Man ref 5s ud & Man af is.. ral 5% ap 1ran 58. int Rap Tr 5s stpd. int Rap ‘irans 68 Int Rap Tran 7s. nt & G Nor aj 6. 11 10 | Int & G Nor 15t & | Lou fowa Cent rf 4s Kun City FtS4s. .. Kansas City S s < City S s 1y Term 4s. hore 4s°'31.. Lehigh Valley 6s & Nash 5%s, 2 &Nos B Lous +| Manhat Ry en 4s. Im MK&TprinssA. &T4sB. IMK&T6sC. M K & T adj 5s. | Mo Pacinc 6s. o4 100% 951 104 93 104% 97 96 79% 101 102% 891 | 96 62 31% 102% 95 96% 107% 97% 86Y i 64 Mo Pacific 5565, Mo Pacific gn 4s. Montrl Tm Ist 63 N OTex &M in bs. N Y Cen deb 6s. ¥ Cen deb 4: Y Cenridn N Y Centcn 4 N ¥ Cen LS ¢ NYC&StLS6s New Haven c d New Haven d 4s " N Y Ont & W ref 4 Y State Ry 1 |NY W & Bus 43s. Norfolk & W cn 4s. Northern Pac 3s... Northern Pac 4: | Northrn Pacri 6s Northern Pac 58 D. Ore & C O Short Ore-Short L ;| Ore-Wash 1strt 4s 1 gen 58 Pennsyl gen 4 Penusyl 6148, Penn=yl gold 7s. | Reading gen 4s. Reading gn 41ysw) LI M&S 4= °29... 5 F pl4s A.. L&SFprinds. StL&SFincés... StL&SF5s%D... StL&S Fadjés StL&SFpl6sC.. StLS W con 45’32 St P Un Dep 548 San A & Arn P 4s. Seabd A L ds sta. seab'd A L ref 4s Seab'd A L ad) bs. Seab'd A Licon 6s.. 11 Sou Pacific 4s 1929. 10 Sou Pacificref 4s.. & Sou Pacific clt 4z.. southern Ry 1st 53 Southern Ry gn 4s. Southern Ry 64s.. Southern Ry 6sct. Third Ave ref 4 Third Ave adjFs. .. Tol St L & W 33s. Union Pac 1st 4s .. Union Pac 1st rf 4s Union Facisic cv 63 Virginia Ry 1<t Gs. Wabdsh 1st 53 Wabash 2d bs. Western Md 4s Western Pacific 58 est Shore 1st 4s. Wheel & LE cn 4s. 10 Whei& LETt43%s 6 Wisconstn Cent'4s. 1 . 62 9% 79% TOTAL SALES (Par Value): 1laum.. 2273000 i2noon 4458000 1p.m.. 5405000 . 7169000 CHICAGO GRAIN MARKET. CHICAGOy, April marked time today during the early dealings and effected no decided change in prices. Apparently neither sellers nor buyers were willing to make any determined stand for the time being and were confining their efforts to ad- Justment of open accounts. The bulk of wheat transactions con- sisted of changing over from May d; livery to July. Opening prices, which varied from i bff to % up, ) by only small changes in either direc- tion. Corn and oats held steady with wheat. After opening unchanged to % lower, May 773% to 7%, the corn market dip- ped a little and then scored slight gains in some cases. Oats started at al decline to a like advance, May 46% fo 46%ad7, and later duplicated the action of corn. Lower quotations on hogs made the provision market casy. WHEAT— Open. May July Beptember CORN— May . July September OATS— May . July Septem BAR SILVER QUOTATIONS. NEW YORK, April 23, Mexican dollars, 14% Bar I Low. 1023, 1.02 40 silver cent. ay 1.03% | to 1.03% and July 1.053%, were followed | 01245, ;uumn.:nn, demand, .0062%. Argentin Close. | —Bar silver, | | point | under way. | eent of sales for the first quarter. ; FINANCIAL. RADING VOLUME IRREGULAR MARKET BONDS oo sxamms]| PIVOENDS, ALL issues. Announcement by Directors of General Motors Corporation. NEW YORK, April 23.—Directors of | the General Motors Corporation ves- | terday declared the regular quarterly dividends on all clusses of stock and clocted W. §. Knudson, general man- | ager of Chevrolet Motor Company, | vice president of General Motors. Alfred P. Sloan, president, stated t preliminary figures for the first ter indicated net earnings of 50.000, slightly less than the perlod last year. Final fig- ures will not be available until later the ck. The corporation sold | 5 ars ‘and trucks in the first| » months of 1924 compared witk: | 58 in the same quarter of 1923. “The oonsviners’ demand in the spring of 1923 exceeded all previ- ous reeords and this year is equal to and probably 10 per cent greater tha Jast year.” Mr. Sloan said. “Due | Th unseasonable weathagr, what is| termed gpring buying is just getting The plants of the cor- now being operated at a rate cqual to slightly over §0 per poration are The policy of running the plants at the peak during winter und spring enabled the corporation to supply its dealers and distributors with suf- ficient cars to meet spring requi & and to stack off its operations during the summer months to that | necessary to cover the lesser | demand for automobiles during th: | ezgplants | eggs, 30. Christian —Wheat traders | | | seagon of the vear. GRAIN AND PROVISIONS. JALTIMORE, Md.. April 23 (S 100 1bs, sweets and | A Asparacu . a | bushel, 100, '4.00a6.00: bbage. baske 00. 1.00a6.00; cauli- y, crate, | 1.60a8.00; hors radish, bt 4.50; onions, ring onions, 100, 6045.00; L 10 by . 50a1 crapofruit box, 2.50a3 strawberrie Settling Prices on Grain. Whes No. re winter. 1,097, dome salce Corn—Cob, new, 4.25a4.30 per bar- | rel for vellow and 4.10a4.15 per bar rel for white: No. 2 corn, spot, 87%: | corn, spot, 84%: track oorn,| No sales. | i rve. | tons. The buik sale here is more or and inferior, and is| being sold at rather irregular prices. | For good sound ¥y in timothy, | « r mixed and No. 1 clover there | stll fair demand at full quota and no o Quotations timothy 0 ton: red 1.09% ; no quotations on N red winter, garlic Hay—Receipts, 107 straight rye, 24.00a 1 tangled rye, 18.00220.00: 18.00218.50: No. 1 oat CHICAGO L1V CHI ment 5 to 10 show full decline; bidding 10 to 15 lowe "rs limited: bulk =ood | 325 pound butchers, | top, 7.45: one load | to yard traders, 170 to 210/ bull desir- | erax 5 to 10 weight dull; d weight. 7.1 140 to 130 pound avi ing sows, 5 be ing to | ttle —Receipts, 5.000 heud; very done: beef st r« and fat she stock weak to o “F, mot grades | fed steers, 10 1o 15 off; Killing quai- | rgely medium to good; bulk- eers and yearlings of quality and condition to’s s ta 10.50 and beef heifers | choice weighty bullocks | best beld 9: bulls weak to 15 lower; haring fat she stock de- | and fecdors compara. most veal calves | canners eline: sto. tivel to fow 1 at | around sheep around lower: best handyweight fat clipped Jamiles (o outsiders, 11.75: oarly bulk | clippers. 13.50a13.75: Food to| choic woaled lambs, 13.75; choice clipped ewe 5 common’ to me- wooled 5005 bulk spring 17.00 N mbs on. DAIRY PRODLOTS. TORE. Aprit Live poultry—Young chic ns, pound, Jeghorns, 25a30; wintor, 40a45; | springers. 45 : old hens, 25a28; le; horns, old roosters, 1 duck ns,. pair, 4525 guinea fowl: . 30a60. Kggs—Loss off; native and nearby | firsts, dozen, 23; southern, 22; duck | Butter—Creamery, good 28a30; rolls,” 26a28: ; dairy prints, 26a 323, XCHANGE. (Quotations furuished by W. B. Hibbs & Co.) | Nominal Selling | =0l vaiue. checks tods: - | | 0% | Athens, drachma 64% | n drd. pesein . crown. ckholm, crown . the Associated Pre: W YORK, April 23.—Foreign ex- | change easy; quotations (in United s): Great Britain, de- 4.39%: sixty- %. France, 06683, Italy, 04461 Bel- demand, .0667% : cable: demand. .0446; cabl gium, demand. .0567. cables, .0568. Germany, demand (per trillion), .23. Holland, demand, .3710. Norway, d mand, .i292. Sweden, 262 Denmark, demand, .1672. Switzer- land. demand, .17711:.” Spain, demand, L1417, Gre . demand, 204. Poland, demand. .00000012. Czechoslovakia, | demand, .0295. Jugoslavia, demand. | Austria, demand, 000014’ 112 98%. demand, .3300. Brazil, demand, Tokio, demand, .39%. Montreal, o O T STOCK YARDS REOPENED.;} Cause of $300,000 Richmond Fire Remains Unsolved. : RICHMOND, * Va., April 23.—The Southern stock yards, which sus- tained loss estimated at $300,000 in | a fire which broke out at an carly hour Monday, resumed business at | the plant of ‘the Union stock vards. | The origin of the fire, which resulted | in the death of one man and 165 horses, | was not determined vesterday. ! Bl iy ' VOTE TE RESUME DIVIDENDS NEW .. Aneil. 25 eDirectors | eaboard Ofl « ru- | to resume dividends | rate of | The last | ia in June. | on the 50 cen previo g i a vhare quarterly. dividend was p SEEKS TO PROTECT BOND PURCHASERS Better Business Bureau Outlinnes Plans to Inaugurate Invest- ment Department. SEEKS TO EDUCATE PUBLIC Sales on Local Stock Exchange at Today’s Session. tor the organization of an i vestment department the B Business Bureau were outlined meeting last evening of repre tive bankers, investment bank realtors, b t Wardma Hotel. This department w ganized to ftate the work of the bureau in cducating 1} public to “Before You I vestigate,” and a committec named shortly to actually the department en and Par 1 be presen 55 ve rtment op line will aid tors of the law Department Methods Outlined. investi; up under information Waskingte ritory. P ed to quickly formation on may not b files. Wit ed under | department. of the clation the board Cleveland, and Willi the national i Report of Mergenthaler The prelin : alor six months end ineon stoci and at previous respectively. and Investrien level, Siz. qu preferred were the only traded Washi ment 5 anz 4t 95, as wers G FULL BOARD RE-ELECTED. Stockholders of C. & 0. Railrosd Choose Directors. UCHMOND. Va holders of the ¢ say Ratiway Company held meeting here vesterday directors for the entire present board was o office. and n meml elect Al ac the the last meeting of the ¢ proved The following direetors « board: 0. P Vanswer: Vansweringen, April coming y HOM. T Ot Mi Ross, “DICKERS" FEATURE WOOL. rthis wor is becoming scarce, but we » pay the 1.25 to 1.30 d tic wools were fair anged price Jevels SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) Buy which unwilling manded. D quiet at unc Anglo-Amer. As: Coltin:bia Pont 7 Federal Su; Fisher Body Fisher Rody soodsear 1. regon Short Tine s Denba-Olio Pow. & Tt Tidewster Tnion Tunk ¢ L1 5. Ruhber 7las 1930 en Unjon 6's5 1636, Westinghouse F. & M. 7% Wheeling Steel 65 192 e Rate road. abi Bruns-B-Col . 5 FerbWalk et dopl ..... o Lancar Mills pf. Coctorcocncts May 3 STOCKS EX-DIVIDEND. Dollas TREASURY CERTIFICATES. (Quotations furnished by Redmond & Ce.) 45 Junc 16, 1924, % June 15, 1921.. s September 15, 413, 5, et bt 4 Lo 101 16 4108 Kentember 1 4% s Marci 13, 19 4iss Deccimber A3, M7