Evening Star Newspaper, May 1, 1924, Page 30

DRIFI OF PRICES TODAY UNCERTAIN| Majority of Stocks, However, Man- ifest Ability to Resist Mar- &et Pressure. STEEL IS LESS SENSITIVE| Investment List of Better Class Shows Higher Range. BY STUART P. W) Dispateh to The i NEW YORK, May main part of today the the =tock rket was uncertain. Still @ better resistance was displayed in the majority of the list to the of- fering down of particular stocks. Motor shares had another sinking slell, but without more than tempo- wrily ruffling the market clsewhere. nvestment i sues like the better class of industrial preferred stocks were in demana somewhat higher prices. L'rices and the strength of some divi- iwnd-paying rails were the only sponse to the reduction in the erve rediscount rate at | e 1.—During the main drift_in re- federal New York. Selling of Motors Explained. Sellin, of the motor share based on the evidence in the aker balance sheet, publis e sl hat 4 lot of new money eing n 1 to carry cars not im mediately salable. The street con- “trued this a5 corroborating the talk + I overproduction in the automobile Mdl stry which has been current for he last two months. Siudebaker was driven down again and so was Willys-Overland preferred. General v low for the year nt with it The 1so made their low- ¢ quotatio; In the first quarter e Pierce-Arrow ned only cents a share on its old slock after payin the V' | the new prior preferred. Ste shares did not show the tiven they had on th day. Republic Tron and St «lined to do better, and United States Steel common was steadicr. Bethle- | hem Steel appeared for the time be- ing to have discounted the new $30.000,000 bond issue, although it was recognized tha this would mean a rather serious additional burden in ree-Arrow sensi- | vious in- | Am Sugar. . THE EVEN NEW YORK STOCK EXCHANGE Received oy Private Wire Bisuct to The Star Ofice Daylight saving time in New York ity Ad\ Rumlé Aleiks Juneau Allied Chem (4) . {AIC&Dpr (7 Allis-Chalm (4). Am Agri Chem. .. Am AgriChem pt Am Beet Sug (4) Am Bosch. . AmBrs & Py ). Am Can (16) . Am Chicle Am Cot 01 Am Drug Synd Am Express (6) . | Am Hide & Lea. Am Hide & Lpf. . Am Internatl Am Linseed Am Locomo (§) Am Radiator (4) . Am Ship & Com AmSm & He (5) Am Snuff (1 AmS&Rpf (7). 11dys (3). Am Sumat Tob. Am T& Tel (9). Am Tobac (12). Am Tob B (12) .. Am Tob pf (6) Am Water W Am W W 1st ( Am Woolen (7 | Am Writ Pap p Am Zine pt. Anaconda. | Arm pf Del ¢ m Cons & Co. Asso Dry G (5) Asso Ol (114), ALT& S Fe (6) &S T pf (5) Atl Birm & At Atlan Fruit of ALGulf& WI. . If& W Ipf Atian Ref ( Atlan Ref p: Austin-Nie ( | Bald Loco (7 | Bal & Ohto (3 Bal & Oh pf (4). Barnet Lpf (7). 2.40) Blumenthal (7) Br'k kdison (8) Br'k-Man Tran Br Man T pf (6). BrklynUnG (4) view of the mone too large margin over dividends shown during the last year and the present reaction in the | eal trade | Smelting and Copper Strong. The smelting erc about the with the exc rails. Amer copper stoe st in the ma the led the » st vear the dividends on this share. ag: Thi Treasury posit on an 8§ per tive to many ment. Copp available for stock nearly $9 a actually distributed. | unusually strong. has made the sto = appear attrac- culative inves ares were consider- ably more t higher prices. Among the rails more attention paid to the lower-priced issues. souri Pacific preferred ran up above 0 again and Texas and Parific fol- lowed along. Buying in New Haven came as rather belated respo the excellent March showing, w rontrasted stronzly with reports for [ the same month of many other roa Seaboard Line preferred was | Relped by the strensth in the bonds Boost of Ixsues Voted. rise in_American Can followed the announcemen the suit brought in 1918 the eral Trade Commission agalnst company had been d! American Telephone and Te up rapidly when word c application of the Tciephone to prevent what is claimed be the present unprofitable rate schedule from being put intot effect had been granted. General Hiectric had one of its characteristic jumps, nd large buying orders were thrown into Tobacco Products from familiar sources HEAVY EARLY BUYING. —_— | Interests Bid Up Prices| Against Each Other. [ The 102 bove | W York | Short B tin Assoc W re ted Pross RK, May I1.—Reduction in | rate the Federal Bank of New York from 4 4 per cent stimulated a vigorous rally in stock priess at the opening of todays market Heavy buying orders for both ac- counts flowed into the market. with short interests bidding up prices ainst themselves in an eoffrt to retire commitments. Initial strength of the market, ed by the cut in the bank rate, iailed to lold, but the general list offered good resistance to profess onal bear operators who directed attacks against weak spois with re- newed vigor. The gument that the \ange in (he rate was official ree nition of the let-up in trade and w made for the expre: d purpose of srimulating business encouraged ~hort selling of some of the motors, orcing Chandler, Yellow Cab and Willys-Overland, ‘preferred. down a uoint or so, while several specialties, such as Congoleum and Du Pont dropped more than 2 points. General Motors, unsettied by the sale of a 12,000-share block, dropped t6 a 1924 low at 13%. Action of pivotal sues, however, reflected the constru tive influence of the new rate. Amer! an Can and other industrial leaders holding gains of better than a point. Call money opened at 41, per cent. The coppers and low-priced rail- roads, which had lagged during the early burst of strength. were given a whirl upward in the faternoon, and independent steel shares also came up | strongly when United States Steel moved up to 98%. With the excep- tion of the motors and a few special- | ties prices recovered quite generally to about a parity with the high fig- ures of the forenoon or above EiSeantion BOSTON STOCK MARKET, BOSTON, May 1.—Following list of today's highest, th unt of Resery cre- is a lowest and s for the most active ocks dealt In here: High. . 1203 Low. 125 4 Clese. Am Tel & Tel.. Am Wool ..... Amoskesg ....... izonn Com Hoston & Albany Toston & Maine St e alu & Heela .. t'opperi Range . .. Tsland Creek Island Creek Isle Royale Mastiower 0°¢ Vexiean Investment Mohawk . New Comelis . New Pog T & T. NYNHE&H North _ RButte, 14 Colony. cific Mill Rteece But E St Mary's Land. Superior & Bostam.. Switt & Co.. T'nited Shoe Mach.,, V'nit Shoe Mach pfe. 18 Smelt pfd.. 1iah Apex. Veotura Ol Watdort 85218 $981,000 BOND PERMIT SOUGHT The Hocking Valley Railway Com- asked the Interstate Commerce Commission today for authority to issue $981,000 of gemeral mortgage old bonds, and to pledge $933,000 of The_amount to secure oblizations te the director general of railroads. Brunswick Term. | Burns Br (10 Burns BrB (2).. Butte&Superior 1 Packing (§). al Pet (1%). met & Hec: Pacific (10) Leather Co ‘ent Lea Co pf. . . PasC (4). and Mot (6) Ch Mil & St P pf. *hi & Nwn (4). .. Ch& Nwn of (7). Chic R1 & Pac CRI&PPIL(6).. CRI&PDL(T) Chi Yellow C (4) Chile Cop (212). . Chino Copper Cluett, Peab Coca-Cola (7). olo Fuel & Tron. ‘ongoleum (3). Consol Cigar. Consol Gas (5. Cont Can (4) Cont Ins (6)..... Cont Motors (20c) Corn Prod (10) . Corn Prod new. cible St1 (4) .. | Cub Am Sug Cuban Care Sug. . ‘ub Cane Su pf. b Dom Sugar. . yamel Fr (4) | Dan! Boone M ¢ Davigson Chem. Del & Hud (%) Del L& W (5) . Dome Mines (2) Doug-Pectin (1) Dul So Sh & Atl. . Du PtdeN (). or Bat (4) . Fm Branting pf. . S Erie 1st of.. Fairbanks Co Famous Pl (8). . "d M &S pf (7). Fisher Bdy (10). Gen Baking (5) Gen Cigar (8) Gen Cigar pf Gen Eiec (8). ... Gen El spe (60c) Gen Mot (1. Gen Mot db (5) Gen Petm (2). Gold Dust w. i Goldywn Pict. Goodrich. . | Goodrich pf (7). . | G'dyear prpf (5) Granby Consol. Gt North pf ( Gr Nor Ore (3 Grt Wstn Su (8) . Gr Canan Cop. . Guantan Sugar Mo & N pf ( ulf St St (). | Hartman Co (4) Hayes Wh'l (3). | Househ'd Pr (3). . Houston Oil. . Hud Mat C (3). Hupp Mot C (1) Hydraulic Steel. Iilingle Cent (7). 1l Cént pf (6). Indep Oil (25¢) . Indian Motorcyc Inland Stl (213). . Inspiration Cop. Interb Rap Tr. .. Int Bus Ma (8) Int Com Eng (2). Internat Har(5). Int Mer Marine. . Int Mer Mar pf. Internat Nickel. . Internat Paper. Int Shoe (4). IntT&T(6)... Invincible Oil. ... . Iron Products (6) Jones & Lau (7). Jordan Mot (3). Kan City South . . Kayser Jul & Co. Kayser pf (8) ... Keily Spr Tire. Kelly Springfd pf. Kenne Cop (3). .. Keystone T& R. . Lee Rub & Tire. . Leh Val (3%2).. Leh Val rights | Lig & My pf (7). Lima Loco (4).. . Loews Inc (2). . Loft, Incorpor. Loose-Wiles Bit Lorrillard (3). LoriHard pf (7) .. Louis & N'sh (5) Ludlum St (2). .. Oper High. 1% 69% 114 4% 8 21t 3915 24 8 102 1 11 4N 94 8 63 21 108% 24% 19% 22 86 15% 46 87% 1% 10 40% 27 117% 68% 16% 5% 62% 35% 17 20 20 T 31t 1% 71% 114 2y 8 235 39% 24 78 103% 151 12 4 All 274 117% 8% 16% b% 524 36% 17 90% 20 Low. T 1% 1% 601y 114 4l 8 2l 9% Close 89% 23% % Open. High. 15% 15% 7 9% 85% 957 31% 31% 19 195 81 43% 86% 36 27 34% 34% 42% 12 204 20 214 3% Meclntyre (1).. .. Mack Trucks (6) . Mack T 15t (7). Magma Copper. Mallinson & Co Mallinson pf (7). Man Il Sup (4). . Man Elec gtd (4) ., Manhat Shirt (3) Maracaibo Oil. Mariland Oil. Martin Parry N) Maxwell Mot A Maxwell Mot B Mex Seaboard(2). MexSeabd ctfs(2) Miami Cop (2) Middle St Oi Mis Kan & Tex Mis K & Tex pf Missouri Pacific. . Missouri Pac pf. . Montgom Ward. . Moon Mot (3) Morris & Iissy Mother Lode ( l\ 165 78 95%% 31% 19 81 43 4% 35 26% 334 4% 40 10%% 1915 194 21% g 10% 15% 9% 95% 31% 19% 81 43% ota 35 21 334 24% Nat Dairy (2).... at kn & St. Nat Lead (8). Y C-Readg rts. NYC&StL (6). N Y Ont & West. Norf & W (18). .. orth Amer (2).. orth Am pf rth Pac ( Nunnally Co Orpleum (112) Otis Hlevat (8) 10 48% AT 28 15 3‘;— kard (1.20) a Amer (4) mer B (4) Tilford. .. Par & Bing (2). Penn Railr'd Penn Seab Steel. . Pere Marg (4).. Pere Mar pt (5) 43 1% rhil Mor 16% Phillips Pet Iierce-Arrow Pierce-Arrow F1erce Oil pf. Pitts Coal (4) Pitts Ut pf 167 Pitts & West Va 1'ostum Cer (4) I'ress St C (4) . P’rod & Refiners. . i’ub Ser N.J (4). Pub S NJ pf (8) Pullman Co (8) Punta Al Su (5). . Pure Oil (11%). Pure Oil pf (8) Ry Stl Spg (8) .. Ray Cons Cop. .. Reading (4) . Reading rts. . Read 1st pf (2) Read 2d pf (2) Remington Type. Remington 2d(8) Replogle Steel. . Rep Ir & Steel. . Reynolds Spr (2) Rey Tob B (3). . Roy D'tch (3. Rutland pf. St Jos Lead ( St L San Fran. St L-San Frpf. St L Southwest StLS'thpf (5) Savage Arms. Schulte (8) . 100 115% 58 223, 954 53t 181 36k 2445 39 91 2314 20% 4% 365 59 47 100% Sears Roe & Co Seneca Copper. Shattuck-Ariz Shell Un Oil (1). . Shell Un pf (6) Simmons Co (1) mms Pet . ne Con Ol (2) ss-Sheff (6) So P Rico Su (6) South Pac (6). .. Southern Ry (5). South Ry pf ( Spicer Mfg. .. St Ofl Cal (2) iu StOiINJ(1). OIINJpf (7). teriing Pr (4). .. Stew't War (10). Stromberg C (§) . Studebaker (10). Studebaker (4) . Submarine Boat Superior Oil Tenn C & Ch. Texas Co (3).... Tex Gulf (16%).. Texas & Pacific. . Tex & PacC& O Timken (+3%) Tob Prod (6) Tob Prod A (7). Tob Prod pf (7). Transcont Oil. Underwood (3) Un Pacific (10). . Un Pacpf (4). .. Utd Fruit (10)..... Ctd Ry Invest pf. U & Cast Iron P USCIPpt (). Ind Alcohol USR&Im(8).. |usrR&1pe U S Rubber. USR st pf U S Smelting. . U S Sm't pf U S Steel (15 U S Steel pf (7). Utah Copper (4).. Utah Securities. . Vanadium Corp. . Va-Caro Chem. .. Va-Caro Chem B. Va IC&C (312). Va Ry & Power. Vivadou §(2). Vulcan Detinn. .. Vule Det pf (7). Wabash, ... Wabash pf A. Web & Heilb (1) . Wells Far (232) . West El pf (7 ‘West Penn pf (7). West Maryland. . West Mary 2d pf. Western Pacific. . West Un Tel (7). 9% | West Air Br (6). . 3ohlv\pnhkM(h . 12 87 3 €83 12% 49% 2 109% 117% b8% 184% 5% 524 35% - 17 g 20% 20 | Wheel & L Erie. Wheel & Li F Wh Eag Ol (2). White Mot (4). Wilson & Co. ‘Wil & Co pf . ‘Willys-Overland Willys-Over pf. Woolworth (8) Woolworth wi(s) . Wright Aero (1). Wrig W Jr (3). .. Yellow Cab (5).. . . 8 20 % 65% 314 4 79% 10 6% 51% Low. Last. Call Money e 8% HOURLY SALES OF STOCKS. 11 a.m 247,100 1pm. 502,400 12m......884,600 . 2pm. 612,600 1Partly extra. $Payable in preferred stock. Dividend rates as given in the above table are the amnual cash payments based on the | latest quarterly or haif-early declarations. | Unless otherwise noted, extra or spectal | dividends are net included N Ducks can swallow ~honey without being stung. bees Low. Close. | 4 | Montreal, STAR, W SHARP RISE IS NOTED IN THE BOND PRICES Market Influenced by Federal Re- serve Bank Cut in Redis- count Rates. BY GEORGE T. Special Dispatch to The Star. NEW YORK, May 1.—Today's re- sponse to the announcement after the close of business last night of a cut in the rediscount rate of the New York Federal Reserve Bank was the sharpest advance in the government bond market in any one session this year, HUGHES. umped directly at the open- ew highs for 1924, and in one that of the Treasury 4%s of so-called “Mellon’ high for all time. actions were very large. treme high prices were some reaction on profit-taking, which however, still left quotations far above the previous close. The ta exempt 3%s sold at par for the first time this year. Same in Other High Grades. The same cause produced the same effcct in the markct for other hig grade investment i Steel sinking fund high record for the y c: Telephone and Telegraph debenture Slzs equi their high for the vear. Union Pacific 55 and Chicago, Bur- lington and Quincy 5s were very strong. In all these cases there was subsequent reaction, but not enough to alter the churcoter of the market. Dealers reported a rapid cleaning up of recent new offerings. Instances were the Western Ilectric debenture | 5. brought out in March. Grand Rapids Railway first Ts offered last month went to a premium in the out- side market today. In seasoned bonds v large blocks were for sale, and ting supply of desirable is- han in a long time. Middle and Second Grades. ddie and second grade bonds. a n Franciseo prior Railway gen- rn 11li- Bethle- nform 1in demand. 1d down t the price at which Iditional 000,000 of series “A” were offered Speculative rails were more irregular, the favorites being the Sea- board and the New Haven 7o and Light 4% were conspicuously strong among the utilities. Foreign bonds participated in the day’'s improwement to a less extent than any other class. The leaders were still the Jugoslav §s. 8,700 BARRELS DAILY CRUDE OIL INCREASE | | Weekly Summary of American Pe- troleum Institute Shows Aver- age Production to April 26. | ~Ew vork. May 1.—The daily aver- | age gross crude oil production of the 110% | United States increased 8,700 barrels for | 9% | | the week ended April 26, totaling 1,941, {050 barrels, according to the weekly summary of the American Petroleum In- | stitute. The daily average production !east of the Rocky Mountains | 1,294,450 barrels, an increase of 7.400. California production was 646.600 bar- rels, an increase of 1.300 Oklahoma shows a daily average 'ductinn of 430,100 barrels, 0; Kansas, 69, increase | north Texas 00, increase of 1. | central Texas, 198,850, decrease of !north Louistana. . increase of | Arkansas, 138,200, increase of 130: gulf | coast, 96,00, decrease of 1,100; eastern. 103,000, increase of 1,000; Wyoming and Montana 130,500, increase of 4.850. Daily average imports of petroleum at_principal ports for the week ended April 26 were 226.714 barrels, compared with 260.714 for the previous week Daily average reccipts of California oil at Atlantic and gulf coast ports wer 109.143 barrels. compared with 86 for the previous week. There were no changes reported in crude oil prices for the major districts— midcontinent being quoted from $1.10 to $1.25 a barrel, according to the gravity |of e oil; Pennsylvania ecrud Brad- ford district, . and all other grades, 34; Guif C crude grade grade "B. .70 a barrel, fornia_crude ranges from $1 depending pro- e of 100 00 0 0 incre and’ to $1.40 upon the gravity of the oi ASK 345 630.000 BON’D ISSUE. The New York Central. Michigan Central, Big Four. and Cincinnati Northern' railroads today jointly plied to the Interstate Commission for authority $45,620.000 in 5 per cent | trust certificates. The proceeds will be chase 189 locomotives, 1 cars and other rolling stock to issue equipment sed to pur- SolRane FOREIGN EXCHANGE. (Quotations furnished br W. B. Hibbs & Co.) Nominal Seiling 5old valne. checks today pound 48605 428 dollar Paris, franc.. Rrussels, franc Berlin, mark. . Rome, lira Zarich. fra Athens, dracams .. Madrid, peseta.. Vienoa, crown Rudapest. crown Prague, crown Warsas, mark. . Copentiazen. crown. Chrstiania. crown Stockbolm, crows...... Br the Associated Press. YORK. May 1 —Foreign ex- Quotations (United | Great Britain, cables. 4.39: 60-day 36%. France 0649, ltaly, London mand. bille on 4 mand, .0648; cable: | mand, .0447%: cables, .N4481, gium., demand. .0540: cabies, Germany, demand (per trillion) Holland, demand, .3746. Norway, mand, .1381. Sweden, demand, Denmark, dema: 1689. Switzer- jand, demand, .1 Spain, demand, .1375. Greece, demand, .020215. Poland, demand, .00000012. Czechoslovakia. demand, .0293%. Jugoslavia, demand, %. Austria, demand, .000014%;. umania. demand, .0051%. Argentina, demand, .3275. Brazil, demand, .1130. Tokio, = demand, Montreal, .98 15-32. " DIVIDENDS. . Q 3% June 2 3% Jume S May June 20 June 1 Tune June 2 Tune June Tune June June June Tuly Aug June Tune Tone June Jue June May 20 American Tob American_‘Tob, Botany Wors M.. Del & Hudson. J. White Co. pf. Lig & Myers (n'e). do B. am 1] do com. . do pf. Pathe Ex inc o pf. Pittsburg Roxbury Car p! Sayage A lst v' do 24 pf Standard 0 Cal. South Pipe Line Studebaker com do n i. do pf.. Vivandou pf. Wis Biv Pow pf... Q@ U.s. TBEASUBY CEBTD?ICATES (Quotations furnished by Redmoed & Co.) Noon.. :ccc:ccccccc ccrccoce e Fr'-""“ o Bid. Offer. . 100116 1001 1100932 100 11 - 100 13.16 100202 June 16 1024 TR U March ;6, 1926, 5 e ptember 15, mrrh 15, 1923 . 3-16 101 20-32 3 L 101 1052 100 748 SHINGTON, »-| Commerce | 000 freight | C., N NEW YORK UNITED STATES 30 (Fractions represent thist. Example: BSales. High. Lib 3% 277 100 Lib 24 4. Lib 1st ¢ Lib 2a 430 Lib 3d 43s. Lib 4th 43, US4%s19, Argentine 7s Argentine 6s ' Austria Belgium 7 %: Belgium 6s. Belgium 8s Bordeaux 6s Brazil T Brazil 88 Canada 5%s 1929, Canada 68 1931. . Canada 58 1952. . Chile 83 1946. Chile 8s 1926. Chile 83 1941, Chile 7s 1943, ‘ Chinese Gov Ry 58 Chrisciania $s.... Copenhagen 5% Cuba 5%s. Czechoslovakia § Danish Biunic §s A Danish Munic $s B Denmark 8s...... Denmark 6s. s Dutch E I15%s. Dutch East I 6s'47. Dutch East I 68'62, Finland s f 6s 1945, Framerican 7ls. French Govt 8s... French Govt 7 Haiti 6s. Holland 5 Japanese 1st 4%, Japanese 6348 wl. Tergens U M 6547 Lyon 6s.... Marseille 63 Montevideo 7= Netherlands 6 Norway 85 Norway 6s 1943 Norway 68 1952 Orient Dev deb 6s. Paris-Ly's-Med 63 Prague 7%s. Queensland 7s. Queensland 6s. Rio de Jan 8s 1946 Rio de Jan §s 194 Ris Gr Do Sul 8s.., | Salvador 8s '48. | Sao Paulo State 83. Seine Dept of Ts. | Scrbs Crotes Slo mw | Scissons 6s. | den 6; i i ‘onfed Ss. Swiss 5148 1046 Ud Kingm 51:s'29 Ud Kingm 6%s '3 | Uruguay 8s. . | Zurich §s 109 101 10414 110 ecor 98-3 means 98 3-32) THURSDAY, BONDS stocx exaanvce | Received by Private Wire Direct te The Star Office. (Sales are in $1.000.) NDS. y Low. Olows. 9928 99-70 | 1 100-11 10011 100-1i 128 100~17 100- 843 100~15 100~ 494 100-20 100+15 100-20 100-16 0 100-12 108 100 107 110 MISCELLANEOUS. | Ajax Rubber 8s Am AgrChem 7% Am Chain s f 6533, Am Cotton Oil 55.. | Am SmIt&R 1st 5s. | Am Smit&R 6s Am Sug ref 6s AmT&Tevs Am T & Tl tr5s. AmT & Teltrds | Am ¢ & T deb 5163184 Am Water Wks o8 6 Anaconda cvdb 7s 12 Anaconda 1st 6s. 81 Armour & Co 4'ss. | Armour of Del 5 Associated Oil 6 | # tlantic Refin 5s. Barnsdall s f §s | Betl Tel Pa 53 Beth Steel 5% '53. 44 Beth Steel rf 6s... 10 Beth Steel pm 5 Beth Steel s f 63 Brier HSt1st 5 Bush T Bldg bs '60. 15 Calif Pete 63s.... 11 | Central Leather 55 14 | Cerro de Pasco §s. 12 | Chite Copper 13 |CinG&EGSY Col Gas & El 5s. Col Gas & EI § | Commonwth P | Con Coal Md 1st s Consumers Pow b3 | Cuban-Am Sug 53. 1 Cuba Canecvdbs. 11 | Cuba Cane cv 7530 | Det Exdison ref 6s. | bonner Steel 7 | Du Pont de N 73: Duquesne Light 6s Est Cuba Sug 7% Empire G&F 1%s | Fisk Rubber 83 81 85' 9213 Gea Elec deb Goodrich 6%s. Goodyear 85 1931 | Goodyear $s 1941 Hershey 63 1942 Humble O&R 5% Indiana Stee! int Mer Marine KCP&LIGSAD | Kan G & E1 65 '52. | Kayser (J Kelly-Spring 8s. | Liggett & Myrs 5. Liggett & Myrs 5s. | Lorillard (P) & | Lorillard (P) 7s. Manati Sug st 7%3 Mexican Petrol 83. Aidvals Steel 5 Montana Power Morris&Co .\l_l 4%s Nat Tube 1st § | New Eng Tel bs N Y Easn 1st 6%s. | NYG EL H&P 5 NYG EL H&P 4 N Y Tel 6s°41 NY Tel68'49. NYTel 4%s | North Am Id 6s. North Am Ed 6%s. Nor States Pow 5 Northwat B Tel 7 Otis Steel 7%s. Otis Steel &8 Pacific Gas & El3s 6 Pac T & T 1st 58 177 Pacific T & T bs 28 Phil & Rdg C&I 5s. 27 Phila Co 6%8'38... 11 PhilaCorefGs A.. 4 Plerce-Arrew 8s. Producers & BRI 8: Public Service 5s. Pub Ser Elec 6s wi. | Sharon St H 8 Sinclair Oil 7s. Sinclair Oll 6%s Sin Crude Oil 5%s. 24 Sin Crude Ofl 6s... 4 Sin Pipe Line 58 South Bell Tel 58. Southwest Bell 3. 121 Steel & Tube 7s Tenn Elec Pow Tide Wat Ol 6%s | Toledo Edn 1st 7a.. Union Bag & P 6a.. USSteel s {6s. Utah Pow & Lt 53 Va-Car Chem 7s. Va-Car Ch 7%3 W. Warner Sug 7s '41. Western Elec 5s... Westinghouse T Wickwire Spen 7 Willys-Ov 634s '33. . Wilson & Co 1st 6s Wilson&C cv 7%s. 2 Wilson & Co cv 6 Winchester A 7% Youngstn S & T 6s. 36 101% 951 Tions tn captivity are often treated ‘for oyergrown claws st E4% a2 100% 102% 98 91% 9% 91% 93% 804 101's 68% 109% 90 98t 1001 0% 865 8815 98 8314 95% 93% 1044 95% 102% 107 96 113% 804% 1015 103% 89% 62 31 10214 964 107% 63% 97% 83 59 5415 101% 9% " | Atchison ger: 4s... MAY 1, 1924, RAILROADS. | High Low. 595 59% 88% B1% 82 877% 8% 8474 101% 101% 88% 88 86'% 85'6 | Ann Arbor 4s.. | Atchison adj 4s, Atlantic C L Ist 4s. B&Oprini% B & O gold 4s B&O6s..... B&Ocv 44s.. B & Oref is. B &0 PLE& R&OSW div3%s. B & O Toledo 4s Bklyn-Manhat 6 112% 2% 797y 94 9% 98 98 1014 101% 864 364 Canadian North 7s Canad North 6%s. Canad Pac deb 4s.. Car Zlinch & O 5. Car Clinch & O 6s. Centof Ga6s...... Central Pacific 4s. Ches & Ohic. cv Gs. Ches&Ocva Ches & O gn 41s.. Chi & Alton 3. Chi B&Q gn 45 Chi B&Q Ist rf Chi & E 111 gn 5s... Chi Great West 4s. C M & Puget Sd 4s. ChiM&StPrfdl ChiM & St Pcv 5s. ChiM & St I’ 45 '25. Chi M&S P cv 43as. CM&StPen4 ChiM & St P 63 wi. Chi & N'W 7s CniRysbs. ... Chi RI&P gn 4s. ChiR1& Pacrf 4s & Chi T H & SE b Chi Un Sta 6%45. Chi & W Ind cn 4s. CCCESILTL 63 A eve Term 5%s. - Cleve Term 5s. . Colo & Sou 4%s. Del & Ha 1strt 4s. Del & Hudson 5%s. Den & Rio G cn 4s. D & Rio G tmp 5s.. D& RGstrf5s. Det United 4%4s... Erie 1st con 4s Erie gen 4s. Erie conv 4sD.. Gr Trunk sf db 6s. Grand Trunk 7s. Gr North gen Sr North gen5l4s. . lavana ERL&P 53 ilud & Man ref 5s. Hud & Man aj 5s... 111 Cent ref 58 '65. . 111 Central 5%s 13 2 11 8014 T4 | 1027% | 104'% Int Rap Trans 6s.. Int Rap Tran Int& Int&G iowa Cent 1st Kan City FtS 48 s City S 3s City S 5s. Jie Shore 4s 28, ey 6s.. MESt T Tecret fa. 10 MStP & Ioks. 6 MK & T 1st 4 MK &Tprinbs MK&T4sB. MK &T6sC.. MK & T adj 5s. Ao Pacific 6s. . Mo Pacific 536 Mo Pacific gn s Montrl Tm 1st § N O Tex & Min N ¥ Centgen 3 N Y Cen deb 6 N Y Cen deb 4 Cenrids.. Y Cent en 4s " v Cen LS cl 3%s. C&StL6sA C & St 1.deb4s New Haven cd 6a.. I w Haven New Haven s fr NYOnt& Wrefds 16 New York Ry ajss. 1 N Y State Ry 4%s. NYW&Bos4ks.. Norfolk & W cn 4s. orfolk & W cv 6s N Ny NY NY Northrn Pacri 6! Northern Pac 53 D. & Calif 15t tLen b ort 1, ref 41 lstrfds lgenbs.... | Pennsy! gen 4tzs.. Pennsyl 615 Pennsyl gold Pennsyl ce 4 .o Peoria & E inc 4s Pere Marg 1st 58 | Reading gen 4s... | Reading gn 428wl 5 Fprinss. S Finc 6s. 1.S W con 4s " KCShL 4'2s. bdAL4ssta.. S A .. 24 Seab'd A T,ad) bs.. 97 Seab'd A L.con 6s..116 Sou Pacific 451929, & | Sou Pacific ret 4s.. 10 Sou Pacificclt4s.. 6 Southern Ry 1st 5s. Southern Ry £n 4s. Southern Ry 6% Southern Ry 6s ct. Sou Ry Mobile 4s.. Third Averef fs... Third Ave adj is. . Tol StL & W 4s... Tol St L& W Union Pac 1st 43 i Union Pac 1st rf 48 Union Paciic cv 63 | Union Pac 1st rt Virginia Ry 1=t 5s. bash 1st 53. Wabash 2d 5s. Western Md 4s West Shore 1st 4 Wheel & LE cn Whel &S LErfd%s 2 Wisconsin Cent 4s. 23 80 TOTAL SALES (Par Value 1la.m.. 5823000 12 noon 9575000 1p.m..11189000 2p.m...12726000 . | SHORT TERM SECUBITIES (Quotations furnislied by Redmond & Co.) ~—Noon.—, Bid. Offer, Aluminum Co. of Amer 1024 | Aluminum Co. of Amer. 7 { American Sugar Gs 1937 American Tel. & Tel. s 1 Ansconda Copper 65 Auglo-American Du_Pont Federal Sugur Ref. Fisher Rody Corp. Fisper 1 % eoon Bhoct Tams 4x 3 5 Penna.-Oblo Pow. & Lt. 6s 19 Swift & Co. Ts 1832 Tidewater 0Ol 6% Union Tank Car U. 5. Rubber 71 Wesiern Union | 7 points, | wera | such | dling! 1 | duck eggs, 30. tinghotse F, M. T Dumuu Stec) s 120,00 FINAN COTTON MARKETS. NEW YORK . market opened 3 cline of 12 points to an advance of near months being lower under overnight selling orders, later deliveries were influenced by the storm news from eastern belt sec- ions. Liverpool was relatively firm however, and, after initial offerings here had been absorbed, the market ruled steady on covering and trade buying. May and_ cotton oday at a de- advanced from 2! October sold up from 24. making net advances of about 17 points. No further notices rey . but_there was not much d for May, apparently, and the met some further liquidation On the impression that of yesterday' tions whers it would pacts, 1o bulge the worst > little harm to selling continued and October sold dow = net declines of nts, but later there was a flurry covering by near-month shorts h sent prices up to 29.63 for May 24.45 for October, with the active showing net advances of 15 points. A W ORLEAN: market opened quic ml: irregular gains of 18 points to 5 on later positio very favorable, and developments were constructive, s * reduction in the rediscount » New York federal reserve ate reports of heavy rains her ‘and expectations of liberal exports again today. Af the fluctuated somewhat aim- range of 10 to 17 points, and October at Liverpool new highest "O0L, May d; prices stead fully middlin 5 middling fair den dling, 1 ordina 5.000 R 4,000 bales, tures closed quie 1643: October, 14.2 January, i March t no American. May, 1 December, 13 CHICAGO LIVE STOCK CHIC May 1 (United States Departm of Agriculture).—Hogs— 3,000 ad. Mostly htweight, 10 to 15 u inactiv bulk good 30 to pound _hutchers, top, bulk desirable 160 pound weight, a7.40: better 140 to pound averages, ¥ 6 10: bulk packing sows, 16.8 Hink pigs unchanged: bulk £ood and choice 120 to 130 pound 10; heavyweight hogs light : pack- i packing pig: grades i light light, 6.0 . Smooth, 6.70a ughte ttle—Receipts, 8000 head classes mostly strong to steers and better gra largely 15 to 2 ades beet steers alue to sell i downward hest point of top ma 49 pou bulk fed ing much zrass Te 14 Teed : qualitied half fa around 1,200 9.0049.50; country well bred pound stoc ades fat canners 4 rather dull; few heavy 4.90 and above: bulk, vealors severa steers, weigh others, to Enod Erade calve aipts, 12.000 ibs 1 active: ¥ to strong; wooled Tambs, 18.25a some held or: =0 w0d’ clipped lambs. cl mvul cwes, BANK OF ENGLAND REPORT. NDON. May The rent of the Ban £ E the run medi hands weigh Rebn—H head: fat pounds i decreased 763,000, £0,000, reserye tion increased in decreased securities ed deposits increased T'ublic deposits decreased Notes reserve decreased Government securities 000, T} serve to per cent, 148.000 616.000. Other Other increased proportion of the bank's re- liability this week is 18.30 last week it was 18.85 per te of discount 4 per cent - TAIN AND PROVISIONS. IMORE. Md.. May 1 (Spe " Ihs bushel b asps hushel, .00; 30: new bushel, 1 046,00 hundr cabbage hundre 100 1Ibs., bushel. S0ai.5 Appie bushel orange strawberries, at., ing Prices on No. 2 red winter, : no_quotations on red winter, garlicky, 4.2, 1.1 E corn. spot. track corn, Tob. new, vellow and 30 per barrel per. barrr] "yvel : No. 3 white . spot, “ipts. mone 00a No. timothy Y. ht clover. mixed, No. light 00a26.00 mixed, 26.50: 00; 00224.00 1 straight rve. 60 per ton; No. 1 tangled rye. 1 wheat, 18.00a18 $.00 DAIRY PRODUCT! BALTIMORE, 3 1 Poultry—Winter chickens, a45; springers, 43 50: young stags, 25: leghorns, E ducks _ Quotation 18.00 No. pound, leghor: old hen roosters, old, : pigeons. pair. *h, 40260 ative and nearb: southern, 20 0 400 "6 45a off). 21%; g (los dozen, b Butter—Creamery, good to fancy 36a39; nearby creamery i Date Corporation May 1—American Baok Note Co.. May 1—Am. La France F. E. Co. May 1—American Radiator pf. May 1—Riklvn-M. Tran. pf. May 1—Burns Kros., Class * May 1—Burns Bros', Class May 1—Detroit, United 1—Gulf. Mobi d o, BE. ext: otook tF ofs. ¥ 1—Interiype Co. Products 'Co ami Copper Co ennsylvania R. R Co . 0ii Corp. Ol pf. —Wooiworth Co... Asso. Dry Goods do’ 2 pf. B:ulway Bonds Anthbnzed The Central Railroad Company of New Jersey today was authorzicd by the Interstate Commerce Commission to issue $1,570,000 in equipment bonds to be sold ‘at mot less than 98.75 per cenl of Rury . while | storm had been in sec- | 1.—The cotton | first trades show- | 1 1.—Cotton—Spot, | This is one of the ® | made 14.00a | lapplications f weekly | gland | CIAL. 'LANSTON MONOTYPE INCOME $715,531.93 Earnings for Year Ended February 29 Made Public at Stock- holders’ Meeting. TREASURER'S REPORT TODAY Year Ends With No Second-Hand Machines in Stock. Net eurnings of the Lanston type Machine Company year ended February 29 1 to $715.551.93, Joel G. Clemmer, treas- urer company of the reported to stockholders their annual meeting, | held in Alexandria today at noon. The net is approximately $100.000 in ad- vance of that reported for last vear. The company closed its books for the year with no accounts pavable Bills payable were reduced $330,000, current dividends were met, and cash remaining on hand amounted to $485,000, as the report of the treasurer disclosed. Mono- for the fiscul st amounted Report of Treaurer. The report of t treasurer follows Increase in Cash Salew. While the printing industry was below normal in volume of business | for the ar, cash sales show marked incre: indicating a sound financial condition H\ the trade. In September, 1923, the company | began shipment of the new monotype erial-making machine. More than 100 of these machines have now beern supplied to da spapers, job of. | fices and tr: sitors. Orders h ived from the United overnment _printing nd from the Boston city prin large number of ards to replace kev- e which have been plants for many years. Through the work of Frederic W. Goudy. art director of the company and leading type designer of the present time, the monotype has established mmanding_position_in modern ty raph During the year elever | new type faces were completed, alons with a large number of decorative initia horders d ornamental de- signs suitable for use with these new faces. Profit for Adding Wachines. The Barrett adding machine again shows a profit. Important improve- ments in construction have been com pleted. The compan concluded a contract with the glish corpors tion for the sale of Barretts in the entire eastern hemisphere. Shipments under contract are now being madle i uding the new sterling | money chine. The Metropolitan Life Insurance Company has ordered 0 Barretts for immediate larg, ng machines aver plac ddition to 140 Barretts alreads se in the Metropolitan offices. Shipments of casters and keyvboards to th glish corporation have been regularly throughout the yea Financial conditions in Europe sho improvement and the report of that corporation is most satisfactory The year closed with no second- hand machines in stock and none held for rebuilding. Demand Tor rebuilt Monotypes is larger than can be sup- plied. A few machines recovered hav been resold in the field without los: Many improvements in factor equipment have been made, and dur- ing the year a number of valuable atents were issued and many new r patents were filed. | boaras o in use these delivery t single o for add ad, a Are You a Sucker? Too many people put their money |In day dreams and wake up broke. Never put your name on the dotted line until ¥ou have inquired of some one in your bank what he Kknows about some stock issue that is of- tered to vou privately. —_— Washington Stock Exchange. SALES. Washington G: Capital Traction Dy $1.000 ac com.—10 at Commercial Nationa Momey —Call loans Bid and Asked Prices. PUBLIC UTILITY. Rid a4 | Xnacostia le &P C. & P. il Tracti & Mt & Mt. Ver. : & "Annap. okt G Washington Gas § | Washington Ky & | |p. c. ; | Riggs K itizgs Tt Southern %TOLI\S PUBLIC UTILITY American T | Capital Trac | Washington Norfolk & W NATIONAL BANK Capital Columbia mmereial 24.00a | | National Hank of Washington TRUST COMPANY. n Security & Trust.. | Contin | Merchants Commeree & Savings. East Washington... . Security Nuvings & Com.. Seventh Stree 3 United States.. Washington Mechanics' Ameritan Columbia _ Title. Iteal Estate Title. & MISCELLANEOUS. D. C. Paper ptd.. Merchants' Transfer & Storage. rgenthaler Linotype onal Mtg. & Iaves Dutch Market com Old Duteh Market pfd. Lanston Monotype. Security Storag Washington Markel. Yellow Cab.. BANK OF FRANCE CHAINGES PARIS, May 1.—The weekly stat: ment of the Bank of France show the following changes in franc. Gold in hand, increased 95,000. Sii ver in hand, increased 159,000, Note | in circulation, increased 196,734,001 | Treasury deposits, decreased 946,001} General ‘deposits, decreased 138,18 000. Bills discounted, increased | 000, Advances. decreased 29,893, The state ' bank 500,000,000 ito " St in "%