Evening Star Newspaper, May 13, 1924, Page 22

29 »* 'BACKTO LOST GROUND Irregular Rally in Day's Trading, Principally Due to Short Covering. PRESSURE LIFTED FROM OIL Hudson Held as Weak Spot in Motor Group. BY STUART P. WEST. Specinl Dispated to NEW YORK star. May 15.—Steel and oil stocks recovered some of the ground nday, in today's stock market Covering orders in the ac- industrial leaders were quite heav resulted in substantial Iron and Steel, Steel common greater part with prices day. were announced in 10 the pressure oil stocks again and Pa & Company *hillips Pe Tt 4 point. ided as to| any further | ., but it the arrel cut Saturday een discounted. Near Record Low Quotation. s the one weak )T group. At 2013 it int and a half of its ct is ap- ts ot any immediate fu automobile busi- entuation of the | ally occurs in the nd espe 1 in The mew Stude- s evidently receiving just above On the Arrow common | Tow g the motor tewart-Warner recov- it after {ts violent break is day. The president was out with a fresh ing that rumors about of help, were “ri- dividends, ness was ‘The strect believe: $10 ribution ed by the 1923 earnings and | first quarter for 1924, | high to be regarded a: item. to Philadelphia r the announce- ased dividend on two companies being re or less in the same which has been me in Atchison gain for a while Fa- 1 up rply, antici- i of the regular scheduled for later in week. Strong support | made itself apparent in American Can and the stock rallied briskly. Uncertainty in Late Trading. stock market moved with some ty in the later trading, but s ntaining With Cuban raw nd for the e this , traders turned to 1ling side of the sugar stocks. e preferred was offered down point, and so was Punta The_Cuban Americans also wern soft. Delievers in the sugar however, contend that sup- ugar in this country are so tho extra Cuban output ken up. Moreover, they say that considerably more than 50 per eent of the new Cuban harvest has n disposed of already at satisfac- tory prices, and that this means very good earnings for these companies, even with sugar at present level. BEARS HIT WEAK SPOTS. pecial bryin on for ing vidend prov oted ver @ Alegre. 13.—Standard in- d shares held rela- today's quiet market. :ded in uncovering . particularly in the textile, rubber and = of which h been trade reports. 5,000 shares movements marked the leading shares making wery from yesterdoy's de- . ion, however, number of the low- and some of the spe- firm ders in suc Mixed Jing yinz of High Grade Rails. tion soon was replaced 1 swing, which was gi m of buy ison. Short covering was strumental in pushing up American Baldwin and other conspicuously I features in vesterday's trading. also rked ng injuiry for Dock, bavison Chemical, "nited States Cast Iron Pipe and Stromber: ilarly transactions in B at 951, rep- Lctional gain, but inde- including’ Republic were substantially Shares wavered at_the Te Company shading 24 low " price at eld 3 per cent to a new low ign exchanges Tehem, wutset, with level at onened steady French Election Upset Not Serious. eration of the French elec- tion upset. with indications that no serious change in policy would re- FINANCIAL. Adams Exp (6).. Adv. Rumley... Adv Rum pf (3). Air Reduct (4) Ajax Rubber. ... Allied Chem (4). AlC&Dpf (7)., Allis-Chalm (4). Am Agri Chem. .. AmAgriChempt Am Bosch AmBrS&F (5). Am Can (16).... Am Canpf (7).. AmC&Fpf (7). Am Chain A (2), Am For P £ pd(7) Am Hide & Lipf. . AmIce (7.. Am Internatl. Am Linseed..... Am Locomo (§). Am Metal (3) Am Metal pf (7). Am Radiator (4). Am Ship & Com. Am Sm & Re (5). AmS&Rpf (7). Am Stl Fdys (3). Am Sugar. Am Sugar pf (7). Am Sumat Tob. . Am T & Tel (9) Am Tobac (12) Am W W pt (6). Am Woolen (7)., Anacorda. ... Arm pf Del (7) Arn Cons & Co Asso Dry G (5).. As DG 1st pf (6). As DG 2dupf (7). AtT& S Fe (6) .. AT&SFpt (5). At Coast L (7). Atlan Fruit cfs. . AtGuit & WI... At Gulf & W Ipt Atlan Ref (4) Bald Loco (7). Bal & Ohio (5).. Bal & Oh pt (4). Barnsdall A. .. Barnsdall B. uk Cigar. ... B'ch Nut (2.40) Beth Steel (5). Beth Stl pf (7). Beth Sti pf (8)... Brk Edison (8).. Briyn Edison rts. Br'k-Man Tran. . Br Man T pf (6). Brunswick Term. Burns Br B (2) Burns prpf (7). Butte C & Zine. . Butte&Superior ‘addo Cen O & R. | Cal Pet (1%). Caliahan Z Lead. Calu & Ariz (2).. Can Pacific (10) . Cent Leather Co. | Cent Lea Copf. .. { Cer de Pas C (4. Chand Mot (6) Ches & Ohio ). . Chic & Alton pf. Chic Gt West. Chic Gt West pf. . Chic st 1. .. Ch & East Il pf. Ch Mil & St Paul. Ch Mil & St. P pf. Chi & Nwn (4). Ch & Nwn pf (7). ChicR1I& Pac... CRI&PpL(6).. Ch StP Min & O Chi Yellow C (4). Chile Cop (2%) Chino Copper. Coca-Cola (1).... Colo Fuel & Iron. Colo Southern. ... ColG&E (2.60).. Col Carbon (4).. Com Ir Tr (63c).. Congoleum (3)... Consol Cigar. ... Consol Gas (5)... Consol Textile. .. Cont Can (4). Cont Ins (6). . Cont Motors (20c) Corn Products. Cosden Co. Crucible Stl (4).. Cub Am Sug (3).. Cuban Cane Sug. Cub Cane Su pf. Cuyamel Fr (4).. Danl Boone M (3) Davidson Chem Del & Hud (8). DelL& W (6) Dome Mines (2). . DulSS&Atpf... DuPtdeN (3)... Duq Lt st pf (7). EastK (15%) Eaton AX (2.60).. El Stor Bat (4) End-John (5) Erie. | Erie 1st pt. 3 | Famous P1 8). ... Famous PI pf (8). F'd M&SDpf (7).. Fifth Av B (54c). Fisher Bdy (10).. Fisk Rubber. Fleishman ( Freeport-Texas. Gen ATC pf (7) Gen Asphalt. Gen Elec (8) Gen El spe (60c). Gen Mot (1.20). Gen Petm (2). Gen Refr (4). Glidden Co. Gold Dust. Goodyear pf.. ... Gray & Davis. . Granby Consol. Gt North pf (5) . Gr Nor Ore (3). Grt Wstn Su (8). Gt West Spf (7). Gr Canan Cop.... Guantan Sugar. .. Gu Mo & N pt (5) Gulf St Stl (5)... Hartman Co (4).. Hayes Wh'l (3). Househ'd Pr (3) Houston Oil. . Open. High. % % 80% 76 5% TI% 114% % 22% A% T 80 6 6% 72% 114% 424 T 22% 23 80 101% 113 1224 22% 95 62% 106 12% 8% 656 €5 25% 33% 32% 63 21 9% 34 215 10% 13% 89% 44 9% 35 20% 76 2% 4% 13 574 27 91 105 11% 8% 56 64 34% 33% 82% 61% THE Open. High. 3% 2% 10% 814 12% 40% 224 19 7% 34% 6% 52 94% 328 29% 93% 26 128% 114% 8% 1 65 18 116% 39 101% 7% 2% 53 19% 16%, Middle St Ol Minn & St Louis.. 2 Mis Kan & Tex... 10% MisK & Texpf... 31% Missouri Pacifi 12% Missourt Pac pt. . Montgom Ward. . | Moon Mot (3). Mother Lode (L) Munsingw'r (3) . Nat Acme. Nat Biscuit (3).. Nat Cl& S pf (7) Nat Dairy (3). Nat Dept Stores N DS Istpf (7). NatEn & St..... Nat Lead (8) Nat Lead pf (7). Nat R,Mex 1st. .. EY 2 10% 31% 12% 40t 22% 18% % Nev Cons Cop. NOrT&M(T).. N Y Air Br (4) N Y Central (7). . N Y C&StL (6). N Y Dock . N Y Dock pt (5). NY NH & Hart. . N Y Ont & West. . Norf & W (18)... North An.er (2).. North Am pf (3). North Pac (6).. . Orpheum (112).. Otis St Se s Owens Bot (3) Pac G & I (8). Pacific Oil (2). .. Packard (1.20).. Pan Amer (4) Pan Amer B (4). Pere Mar pf (5) . Phila Co (1). Phila § R &1 Phil Mor (50c) Phillips Jones. ip Pierce-Arrow Pierce Oil. . . Pierce Oil pf. Pitts Ut pf 1.65. . Pitts & West Va. Press St1 C (4) Prod & Refiners. . Pub Ser NJ (4).. Pub ne (7) 3 Pub S NJ pf (8).. 100 Pullman Co (8).. 117% Punta Al Su (3).. 65 Pure Oll (1%)... 21% Ray Cons Cop. . 9% Reading (4). 52% Reading rts. 18% mington 2d(8). Rep Ir & Steel. .. Reynolds Spr (2) Rey Tob B (3)... Roy D'tch (3.46).. StJo 12). StLSan Fran... St L Southwest. . StLS'thpt (5).. Santa Cecilia. ... Savage Arms. Schulte pt (8)... Seaboard Air L. . ab'd Air Lpf. . ars Roe & Co. . neca Copper-. . . Shell Un Ol (1).. Shell Un pf (6) .. immons Co (1) . inc Con OI1 (2).. Skelly Oil. . . ‘oss-Sheff (6)... o P Rico Su (6) uth Pac (6)... outhern Ry (5). 1 Ry pt (5). icer ME. ..... St 0il Cal (2) . StOINJT (). ... StOIlN J pf (7). Stew't War (10) Stromberg C (8) . Studebaker (4).. Sabmarine Boat. Superior Oil. Sweots Co of Am. Tenn C & Ch. Texas Co (3).... Tex Gulf (16%).. Texas & Pacific. Tynken (13%) Tob Prod (6). ... Tob Prod A (7) Transeont Oil. ... Underwood (3).. Un Bag Pa (6). Un Pacific (10). . Un Pac pf (4). Utd Fruit (10).. . U S Cast Iron P.. USCIP pt (7)... U S Distributing. U S Ind Alcohol. . USR&Im (3). U S Rubber. . USR 1st pf (5).. U S Steel (16) U'S Steel pf (7).. Utah Copper (4). Utah Securities. . Va-Caro Chem. ... Va-Caro Chem B. Va-Caro Chpf. .. Va Ry & Power. . Vivadou........ Wabash Wabash pf A.a.. Wabash pf B Wald Sys (1%) . Web & Heilb (1), Wells Far (2%). West Maryland. Western Pacific. . ‘West Un Tel (7). West E& M (4).. Wh Eag Oil (2).. White Mot (4).. .. Wickwire Sp Sti. Wilson & Co..... 6% 6% 6% Wil & Copt 24 24 22 Willys-Overland. 8 8 8 Willys-Overpf... 67 67 65% Woolworth (8).. 335% 336 335% Woolworth wi(3). &3% 8 83% WthPptB(6).. 62 62 62 Wright Aero (1).. 10 10 10 Wrig WJr (3)... 35% 25% 85% Yellow Cab (5! 45% 46% 454 Youngst S&T (5). 63% 63% 631 17 40 9 18% 106% 56 23% 52% 2% 18% 106% 66 23% 5214 21 2% EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Close. 3% 2% 10% 81% 12% 40% 22% 19 7% dn % 52 94% 3214 384 934 26% 128% 411 47% 24y 424 98 100 117% baY 21% 9% 52w 191 35% 84 86 90 441, 12 674 9% | 1% 941 22 12 18% 197% ba% 70 85 6T% 8315 118 57% 6% 22 8 65% 336 84% 62 10 85% 46% 63% IN TODAY’S TRADING Reflecting Uncertainty as to Pol- icy of New Government To- ward Dawes Report. | BY GEORGE T. HUGHES. Special Dispatch to The Star, YORK, May 13.—French bouds were again heavy in today’s market, reflecting uncertainty as to the policy of the new government toward the Dawes commission report and, almost as important, toward the French fiscal reforms. The best opinion was that there was no oceasion for concern. It was be- lieved that the incoming government in France would be favorably disposed toward an agreement with Great Britain for a solution of the repara- tions problem, nor was it considered likely that thére would be any change in the new taxation program. '\evnrllleh’sfi there was some selling of French Republic 85, which went below 99 for the first time in a month, and of French Republic 73%s, below 95 also for the first time in & month, and agalnst the high of iwo weeks ago of o balance of the foreign list was una by the heaviness in the French issues. In the South Ameri- can group Bollvia $s got below 90 again. Japanese bonds were a shade ower High-grade Investment issues were steady but dull. The situation ap- pears to bo that dealers have taken on an unusually large stock In an- ticipation d a rising murket conse- auent upon -the decline in money. These blocks of bonds will have to be disposed of before there can be much of an advance. Mcantime, the demand for high-grade short matur- itiea is unabated. Of the longer term bonds good buying was noted in Erie Pennsylvania collateral 4s. In lowar #rade investment {ssues Southern allway 6s w firm around par and - Paul 6s heavy around 99. Industrials and Utilities. Industrials and utilities were qulet d irregular. United States Rubber 5s held well above S1. appearing to have better support than in a long time. Today's new iesues included $5,000,- 000 Northern States Power 6l per cent notes. due 1933, to yield 6.85 per cent, and $1.250,000 Central Manufac- turing District real estate improve- ment & maturing serially, to yield 6.5 per cent. R ASK WAGE ADVANCES. Brotherhoods of Railway and Steamship Employes Enter Plea. CHICAGO, Ma 13, (Special)— Brotherhoods of railway and steam- ship clerks, freight handlers, express and station employes are preparing to submit to the railroads reques for wage advances amounting to ap: * | ward proximately 12.6 per cent of their | present earnings. -~ Over 275,000 em- are to be included in the r which If granted would mean ditional burden of nearly 355,- 600,000 annually on the railroads. Ad es proposed are to_ bring | the pay levels up to those of May 1, 1920, when the Rallroad Labor Board provided increases which later were cut. Increa ving costs, inad, | quacy of present w. trefid in | dustries, and increased effcienc | loyalty of employes are given | reasons for the proposed request for | better wages. | o = |BUSSES FOR SHORT HAUL. Company Will Bring Extension. | CLEVELAND, May 13 (Special).— The success which has attended the bauling of freight between Cleveland d Erie, Pa., on motor trucks by the New York Central railroad will lead to the extension of bus operation for {short hauls on other parts of the | svstem, especially west uf Toledo, ac- 'rding to rallroad officials. » action has been taken fin this fct to reduce wages in the steel s. Reduction of steel prices has been rumored, but while the market has been soft, one leading official de- clared today a $10-a-ton cut in prices would not serve to stimulate busi- ness under present conditions. This same oflicial stated, however, that conditions were hardly so bad as generally painted and that consump- tion was fully up to production. === - HITS R. R. CLASS RATES. I. C. C. Holds Charges From In- diana Points Unreasonable. | Class rates from Indiana points to st Paul and Minneapolis, Minn, which are higher than the corre: sponding rates from points in Iilinois and on the west bank of the Missis- sippi_in lowa ‘ and Missourl, were found unreasonable today by the In- terstate Commerce Commission. | .Commodity rates on certain items also were found prejudicial and a new schedule was prescribed. The commission held that rates on agricultural _implements from La- orte, South Bend, Muncie, Richmond, ivansville and Columbus,’Ind., to St. Paul and Minneapolis, at fifth-class rates, which meet competition of Mo- line, Peoria, Chicago and Rockford, 11L, are unduly preferential to Chi- cago. Rates on various kinds of manufac- tured iron also were ordered revised. U. S. TREASURY CERTIFICATES (Quotations farnished by Redmond & Co.) June 18. 1924, June 15, 1924, September 1: December 15, LES 4%s Marc 4'%8 June 15, IV-'F 4%s December 15, 4%s March 15, 1926. 43 Beptember 15, 1 4% March 15, 1927 4%s December 15, 19: 100% 100 13-16 100%% 101% 101916 100 21-32 100 2382 101 3132 102 182 101 1932 101 21-32 | | | Sweden 6s. | Chile Copper 6s. ... STAR, WASHINGTON, D. C, TUESDAY, MAY 13, 1924. [ wew vorx BONDS sroc mcaavet | Received by Private Wire Direct to The ‘Star Ofiica. (Balos are in §1.000.) RraiLgoacs. UNITED STATES BONDS. A (Fractions represent thirty - seconds. | Atchison gen ds... 21 E7% 874 Examplo: 98-§ means 98 3-32) 1 AL Lib3%s 175 99-30 99+28 9938 s Libist€Xn.. 63 100-12 100-9 100-11 = Lib32d 4%s... 907 100-8 1006 100-6 = Lib3d 4%s. . 343 100-24 100-22 100-23 s Lib ¢tk 44 s. . 894 100-14 100-11 100-13 5 US4e1352. 102 101-30 10127 10129 21 FOREIGN. L Sales. High. Low. Clese. 5 19 101 101 101 31 ‘90w ‘90 g0 |CansdPaca 2 11 99% 99% 9974 | Ches & Ohic cv bs. 36 58 102% 101% 101% | Shes & Ocvete.. 4 ) Ches & O gn $%s. . 108% 108% 108% | (- o0 108 10o% | Chi& Alton 38 1 ao% 80w sow | Gul R ANen St B Bl B |CniB&Qistress.. 1 y 2 99% 991 99 |SH&ENI & Canada Se 1936, 100% 1004 100% | Sy Grent West 42- 9 Canada 5% 19} 101% 101% 101% | Cpy ag & St P re 4% 41 Canada Ss1931. 0% Son oo |ChiM&StPeys. 10 Chile 88 13402 104w 1064 100w | GBI M&SL P 4a 28148 o 83 = 104% 104% s Chile 82 1926. 1027 102% 102% | St M&S P cv 44a. 25 Chile 85 1941 103% 103% 103% Chile 7s 1943 96 96 96 Chinese Gov Ry 5 41 40% 41 Christiania 8: 107% 107% 107% Copenhagen 90% 90 90 Cuba 6%s.... . 93% 93% 93% Czechoslovakla 8s. 96% 96% 96% 107 107 Danish Munic 88 A 107% Denmark 108% 108% 108% 9% 9% 94% 86% 86 86 934 92% 3% 93k 93 934 89% 89 B9% 89% 9% 29% 98% 96% 4% 100 100 9% 97% 97% 9% 9% ki 20% 0% 6% 76% 80% 80% 80% 80% 45% 45% 9 29 87% BT% 0% 905 1 1m 93% 94 93% 93% 85 85 74 74% 24% 84Y% 106 106 99% 89% 93 93 91% 97 1% 9% 97 99% 87 80 87% 82 Close. 87% Bl% 88 oi 10 88% 26 83 94% 5% 12 80 97% 101% 94k 92% 8% 58% 85% 83% 98% 74 52% 854 54% 58% 82 62u 2% 81% 563 99% 1075 T4% 80% 78 79% 116% 74% 102% 95% 104% 9744 102 83y B &0 SW div 3340, Bkiyn-Maohat Argentin, Canad North §%s. 4 4 5 5 Sta 6%5s. Chi & W Ind cn 4s. CCC&StLrfés A., CCC&8tL4%s Cleve Term 5%s. . Cleve Term 5s. Dutch E15%s Dutch Eas; 1 68'47. Dutch East I 65'62. Finland s f 6s 194/ Framerican 7%s.. French Govt 8s. .. 135 French Govt 7%s. 120 Ttaly 6%81926.... 8 Japanese 1st 4%%8. 50 Japanese 2d 4%s.. 50 Japanese 4, 6 Japanese 6 . 57 Jergens U M 68 '47. 26 Lyon 6s. . 23 Marscitle 6s. Mexico 58 10 Mexico 4s. Montevideo 7. ctherlands 6s. Del & Hudson 5% Den & Rio G cn 4. Det United §%s. Erle 1st cou 4s. 70% 83 Erie conv 45 B. Erte conv 43 D. Gr Trunk st db 6 Grand Trunk 7s Gr North gen 7e. Gr North genbig Green B& W db B. Havana ERL&P 68 Huz & Manref 5». Hud & Man aj és. . 111 Central ref 4s.. 111 Central 53 111 Cent ref 58 '55. Int Rap 1ran Ss... Int Rap Tr bs stpd. Int Rap Trans €s.. Int Rap Tran 7, Int & G Nor aj Int & G Nor st Towa Cent rf 4 Kan City Ft 8 4s. Kansas City 8 §s.. Kan City Term 4n. Lake Shore és°28. Lake Shore 4s'31. Lehigh Valley 6; Louls & N uni 4s. Louls & Nash 14, Louis & N 58 5. Manhat Ry cn 4s.. 45% 29 87% 90% 93% 3 85 74 B84 105% 99% 2% 1% 96% 9% 87 80 82 102% 97% 108% Orient Dev deb 6s. Paris-Ly's-Med Gs. Prague 7% Queensland 7s. Queensland 6s.... Rio de Jan 8s 1946. Rio de Jan 8s 19« P.io Gr Do Sul 8s. . Sao Paulo State 8 Seine Deptof 7s.. Serbs Crotes Slo 8a Soissons €8s SeiBBrrnlvarunantn mafon e A BreBalade 80 82 102% 7% 108% 101 100% 109% 109% MISCELLANEOUS. Ajax RubberSs... 4 78% T4 Am AgrChem5s... 1 954 954% Am AgrChem 1%s 8§ 86l 5% AmCbainsf6s'33. 11 924 924 Am Smit&R 1stbs. 34 93% 92% Am SmIt&R 6s. 1044 103% Am Sug ret 6 99% 994 AmT&Tcv 1173 117% AmT&Teltr €9 98% AmT&Tcltrd 95% 95 Am T & Tdeb5%s 48 101 100% Am Water Wks 53 2 87% 874 Am Writ Paper 65. 2 4913 49% Anacondacvdbis 28 96% 564 Anaconda Ist 6s... 80 95% 95% Armour & Co 4%3 8 86 Armour of Del 5%, 87 86% Associated Oil 61 985 984 Barnsdallsf8s... 71 99 99 Bell Tel Paos..... 36 §9 98% Beth Steel 5%8'63. 2 88 88 Beth Steel rf 5s... 93% ° 93% 89 89 96% 96 95% 95 100~ 99% 97% 974 9% 96l 135% 1254 100%, 10013 98% 9814 99 99 99 98y 9% 91 88% 88 88% 88% 99% 99 94K 94% 106 105% 81 79 107% 107% 104% 104% 105% 105 91 90% 9% 99% 101% 101% 95 044 1024 10215 116% 116% 102 101% 98 9% % 9 101% 101% 84% 84% B4l 83% 918 91% 95% 5% 101% 101% 96% 96% 91y 9% u7 a7 97 96% 96% 96% 112 11l% 100% 100 100 100 103% 103% 102% 102% 88% 88% 9%6% 96 11 110% 101 100% B4y B4% 105% 105 106% 106% 95% 95% 92% 92 9% 9T 92% 92 102% 102 107% 107% 2% 92 wiss 5% s 194 Ud Kingm 5%, Ud Kingm 5% Zurich 83, 974 109% 95% mouml Beasalea Mo Pacific 58 Mo Pacific gn 4s. NOTex & Min 5 N Y Cent gen 3%s. N Y Cendebés.... N Y Cen deb ¢s. NYCenrlbs. NYCenLSecl NYC&StL6sA.. NYC&StLdebis New Haven 7s fr. . NYOnt& W ref 4o New York Ry aj 5 N Y State Ry 4 %s. NY W & Bos 4 %3 Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s Northern Pao 4: Northrn Pacr { w. Northern Pac bs Ore-Short L ref Ore-Wash 1st rf ds Pennsyl gen bs.... Pennsyl gen 4% Pennsyl 63s. Pennsyl gold Pennsyl con 4% Pere Marq 1st §s. .. 33 Reading gen 49.... 10 Read(ng gn 4 newi Rio G West cl 4s. RIArk & L4%s. St L IM&S R&G St L1 M&S 4s 2! StL&SFpl StL&SFprl StL&SFinc StL&S¥ad)ts. StL&SPFplésC. Brier H St 1st Bklyn Ed gen 5s. alif Pete 6145, Central Leather 68 3 Cerro de Pasco 88. 4 Cin G & I 5%8°62. Col Gas & Col Gas & El 5s sta. Commonwth P 6s. Con Coal 3d 1st Consumers Pow 5 Cuba Cane cv d 88. Cuba Cane cv 7s ‘30 Det Edison ret 6 Donner Steel 7 Du Pontde N 7%s. Duquesne Light 6 Est Cuba Sug 7%s. 16 Empire G&F T%s. 12 Fisk Rubber 89.... 8 Gen Elec deb 5 1 Goodrich 6%3. 13 Goodyear 8% 1931.. 10 Goodyear 88 1941., 14 Hershey 631943... 16 Humble O&R 5%s. 7 Lilinots Bell 1st 6a. 12 Indiana Steel 5 1 Int Mer Marine 6s. 31 Inter Paper 58 '47... 19 KCP&Lt6sABL 35 KanG & El 65'62.. 13 Kayser (J) 1 6 Keily-Spring 1 Lackaws § 63°60.. 7 Liggett & Myrs7s. 1 Liggett & Myrs 6s. 10 Lorillard (P) 6s... 5 Magma Copcy 7s.. 8 Manati Sug st 7%3 13 Marland Oil 7%s.. 2 Marland Oil 85 '31 Mexican Petrol 8s. Midvale Steel 5s... 21 Montana Power 58 16 N Y Eusn 1st 6%s. NYG EL H&P 5s. Seab’d A L ret Seab'd A L adj b Seab'd A Licon Sou Pacific 4e 1919, Sou Pacfic ref 4s. Sou Pacific cit 4a. Southern Ry 1st 5s. 10 99% Southern Ry gnds. 6 724, 72 Southern Ry 6%s.. 96 104% '104% Southern Ry 6sct. 28 1004 9% Sou Ry Mobileds.. 1 78% 78% ‘Third Ave ref 4s. 6 Be% by Third Ave ad) 5s. 2% 42 Tol StL& W 8145, 22 98% Union Pac 1st 4s... 27 Union Pac 1st R3% Union Pacific cv Union Pac 1st Virginia Ry 1! VaRy &P lstSs. 87% 82% I North Am Ed 6s... North AmEd 6%s. 4 Nor States Pow 6s. 9 Nor States Pow 8s. 14 Northwss B Tel 7s. 10 Otis Steel 7% 4 Western Md 4s. Western Pacific 84% West Shore st 4s. 14 81 Whel & LErfé%e b5 62 61% = Bowleafam FINANCIAL. STEEL AND OIL SENT | [ Nmw v ORK STae Fe acr || FRENCH BONDS HEAVY| oo so - RONTIS ——— 1| Comoxsazxsrs_ | STRENGTH DEVELOPS | NEW YORK, May 13.—Circulation of May notlcs§ unsettled the cotton market in today's early trading and, after opening steady at an advance of 5 to 18 points, prices broke rather sharply. The notices were estimated at only 3,000 .bales, but caused enough liquidation to send the price of May down to 30.80, or 42 points net lower, and later deliveries showed net losses of 10 to 20-points, October declining to 24.66. The May contracts were £0on ab- sorbed, however, and the market rallied 15 or 20 points from the lowest before the end of the first hour on firmer forelgn exchange and 8 private report. placing domestic consumption for April at 507,000 bales, compared with 484,000 for March. Trading quicted down later and May contrgcts held fairly steady around the 3l-cent level, or within 22 points of yesterday's closing. Later deliveries were relatively firm on buying which appeared to come part- ly from trade sources, with October at midday ruling around 24.85, or 8 points net higher. A private report was published estimating the in- rease in acreage at 5 per cent with 67 per cent of the crop planted, against 66 last year, but only 34 per cent above ground, compared with 33 per cent a year ago. Cotton futures closed very steady. Mey July : Octaber 24.02 July, October, January, 23.96. NEW ORLEANS, May 13.—The cot- ton market had a steady opening dopite a rather jrregular Liverpool. May traded 19 points higher at 30.95. and first sales in other months showed gains of 1 to 4 points. July and Oc- tober gained 6 to 10 points additional trading ut 2842 and the latter at 2419 The market was supported by continued cold and unsettled weather and the tight position of near months. Prices eased off a few points in the early trading awaiting the weather map, but the tone was gsnerally steady. Cotton futures closed steady advance of 1 to 14 points. at net May July .. Octoher Decembor X b Juonary 90 83 s 30.95, July 28.35, Oc- tober 24.17, December 23.90, Janumry 23.88, bid. - LIVERPOOL, May 13.—Cotton spot moderate business: prices steady Eood middling, 15.36; fully middling. 17.91; middling. 17.41; low widdling, 16.56; good ordinary, 15.56; ordinary, 15.06. “Sales, 6,000 bales, including 4,700 American. Receipts, 9,000 bales, including 4,000 Americans. Futures closed quiet and steady: May, 17.38; 16.68; October, 14.52: December, 14.07; January, 13.96; March, 13.82. T e e CHICAGO GRAIN MARKET. CHICAGO, May 13.—Despite a ‘wavering start, moderate upturns in price £oon took place in the wheat market today. The advance was chiefly. due to scattered buying based on opinions that something of a reaction was to be looked for after two days' decline. Besides, selling was checked by liberal shipments from Chicago, the decrease in Can- adian siocks and by uncertainty about farm legislation at Washington. Opening figures, which ranged from s off to % up, with May 1.04% and July 1.05 to 1.05%, followed by a slight ‘sag and then by gains all around. Corn and oats sympathized with the wheat advance. After opening at 1§ lower to % gain, July 73%a73%. the corn market scored slight general gains. Oats started at % decline to a shade advance, July 43%a43%. All months showed a little upturn later. Provisions were firm in response to the course of hoz values. WHEAT— Open. High May . . 1055 July . 105 September” 1117 1064 Tow. Close. 1. e May July Sentember O0ATS— | May July September CHICAGO LIVE STOCK MARKET. CHICAGO, Mav 13 (United States Department of Agriculture). —Hogs— Receipts, 22,000 head; higher, quality considered; light sup- ply of hogs; big packers inactive; bulk good and choice 250 to 325 pound butchers, 7.25a7.35; one load topped at 7.40; bulk desirable 160 to 225 pound weight. 7.15a7.30; bulk, better 140 to 150 pound averages, 6.75a7.10; bulk packing sows, 6.6526.80; Killing pigs unchanged; bulk good and choice strongweight, 6.00a6.25; heavyweight hogs, 40, medium, 7.15a7.35; light, 6.95a7.35; light light, 5.90a6. packing sows, smooth, 6.70a8.90: sows, rough, 6.30a6.70; Cattle—Receipts, 7.000 head: beef steers moderately active; steady to strong; beef yearling and better grades fat she stock uneven; strong to 15 higher; spots up more: killing quality plain} relative few clioice fed steers or yearlings here: few fat steers of value to sell above 10.50: 11.00 bid on weighty steers; bulk fed | steers and yearlings, 5.00a10.00; beef ers and good 1o choice fat cows in broad demand: some beef heifers selling at 85.75a9.00; looks 25 higher than Monday’s low time: bulls strong to 15 up; best heavy bologna bulls, 5.00a5.15; vealers strong to 25 higher; bulk jackers, 9.25a9.75; few 10.00; outsiders upward to 11.00; stockers and feeders irm;: bulk, 6.7528.50. Sheep—Receipts, 12,000 head; slow; few early sales fat clipped lambs around steady: few odd lots spring lambs steady; fat sheep scarce; weak; good clipped lambs, 14.75a14.80: spring lambs, 17.00a17.50; few odd lots fat ewes, 8.00a8.35. prlis e LR GRAIN AND PROVISIONS. BALTIMORE, Md., mx 13 (Spe- olal).—Potatoes, whits, 100 lbs., 76a 1.75; 150 1bs, 1.25a2.65; sweets and yams, bu, 1.5024.00; new potatoes, bbl., 4.75a8.25. Asparagus, doz., 2.25a 4.50. Beans, bu. 3.00a4.50. ' Lima beans, bu., 5.0026.00. Beets, 100, 5.00a 10.00. * Kale, bu. 30240. Cabbage. basket, 2.00a3.00. Carrots, 100, 4.00a 6.00. Celery, crate, 3.00a4.50. Cu- strong to 5 during the opening call, the former | STRENGTH DEVELOPS IN FAVORITE ISSUES Local Exchange Also Reports Rel. atively Heavy Trading Today in Inactive Stocks. | RIGGS BANK DEPOSITS GAIN Federal Reserve Board's Advisory Council in Session. BY CHAS. P. SHAEFFER. Strength in favorite issues, with relatively heavy volume of trade heretofore inactive stock issues, was the outstanding feature on the Wash ington Stock i Rail way preferred of a quar ter of a point to 741y, while the com mon issue was stron on sale of twenty-five shares. Gias Light was also firmer, gelling at 48, with Com- mercial National Bank in fairiy demand at 140. Riggs Nationai Buni brought 289%, with Washington Loan and Trust strong at Storage brought 340, The unlisted department en Breatest activity since ‘Washington Title Insurance £old to the extent of 110 shar. while District Title was unchar 18%. Fifty shures of Chapir 8 per cent preferred brought s New Gold Bond Offering Merrill, Lynch & Co. h selling group, consisting of 1 selves, Schoellkopf, Hutton & roy, Inc.. of Buffalo; Sage, Wil Steele and Hibbard, Palmer & K.t of Rochester, which will offer few days a new issue of $2.000 General Railway Signal C first-mortgace, twenty cent convertible gold bond and interest, vielding 6.65 per c The General Railway Signal ( Pany of Rochester is ready to u the Federal Signal Company c | bany, the two companies being a | the “'best known manufacturers railway signal devices in the try. They have been engaged nearly a guarter of a century ir development and installation of signals, automatic train stops and tomatic ~ train-conirol devices, have made installations on ma the important roads in this as well as in Japan, New Zi Australia. Bank's Deposits Deposits of Riggs gained $1,974.000 in the year enc. last ‘Saturday, Presid Milton Ailes told Airectors at their regu meeting yesterdav. OF the total crease outside offices were responsin for $1.067,000, with the Park insti tlon' tho 'leader. ~Total deposits e date in question amounted $28.892.000 S ies The Federal Reserve Roam's a visory council convened toduy in regular quarterly session. It is pected {o devote its attention to tine subjects and to give little tion to discount charge Buliding Industry Active. Reports to Dun's Review continued activity in the building dustry. although permits issued new projects in April are for a smai valuation than those of March generally the case, but mits show a decrease in co with the returns for April, this In the face of'the f each of the three preceding this year the volume of new b was larger than it was for the corre. £ponding month of the preced With returns from practica the leading cities in the United permits issued s plications file | April had an 3237.50 > 0 April. . a d 0 pe n March the increase was 8.8 per cer In connection with this matter co sideration should be given to the fa that prices of many building matert are somewhat under the prices rulf year ago. which will in, part at account for the decrease, Personal Mention. W. Gilbert Dent, president real esate firm of Gard 3 Inc., and president of the Clinton Bat | Clinton, Md., is at Atlantic C tending the Maryland Statc B convention. Mr. Dent's wife and da ter accompany him. tive 395, Security NEW YORK PRODUCE MARKET. NEW YORK, May 13 (Special) 0la crop’ products from New State were slightly Jower today ¢ reaction from the liberal new crop commodities from and west Nineteen cars of state apples Iy Baldwins, arrived an, at $3 to $4 a barrel for inch. Fancy brought § 0Old onions, though in lig! found little market as aga crop offarings. The five cars New York State today sold at cents to $1.65 per 100-pound sack State carrots appear to be clos the end of the season, with but thre cars offered The market was steady but double-headed barrels bringing 136 to g5 The potato market was a shad lower under increased receipts, bu the demand was a little more active. State No. 1, round whites, per 15 pound sack’ brought from $2,40 to $2.65, and in bulk from $3 to $3.35 180 pounds. Rhubarb was in falrly heavy supply and demand fair at $2 to $§3 per 100 bunches. #low BRIEF NOTES ON BUSINESS PHILADELPHIA, May 13 (Specia -—About the last of the mushroom v |lages which eprang up. along Delaware during the war to hous shipyard workers has been disposed of. A group of capitalists has just bought thirty st 'S @ hirty apa: ments_in Sun Village, near the ipyards, at Chester. Many 1 ings erected mear munition pla New Jersey bave been moved to shore resorts. 20% 11% % It, influenced trading sentiment fa- Wall street also was en- statements from leaders Hud Mot C (3). Hupp Mot C (1) Hydraulic Steel s > TOTAL SALES (Par Value): FOREIGN EXCHANGE. 1la.m.. 2939000 13 noon 4 1pm. 6009000 Spm... 7;;{:% SAN FRANCISCO, May 13 (Specia —California now is beginning to st fer from a second severe drought this {Partly extra. $Payable in preferred stock. Diigend rates w8 given in the above tume are the annual cash payments based on the cumbers, basket, 4.00a6.50. Egg- 024 9% plants, crate, 2.50a5.00. Lettuce, ham- PacificGas & Elds 2 1% % PacT&T1st6s... 46 o] 00a2.50. mobile industry that the through the summer probably would be upward, although motor ares made no immediate re- aponse. Stewart-Warner, however, rebounded briskly following denial by the company’s president of reports of curtailed production and contem- plated omission of dividends. Further svery of steel and oil ghares was iraced to short vering, while nu- erous alties @éxtended their carly gains. Rubber stocks, however, re subjected to selling pressure on announcement of tire price cuts ¢ Firestone. Call money opened at per The closing was irregular. Trad- ing continued in rather desultory sashion in the late dealings desnite the marking up of United States Steel common to 961, a break of nearl 3 points in Comgoleum and establish- ent of a new 1924 low by Cywzible cel at 485%. [ Markets at a Glance YORK: Stocks—Irregula: accessories at new 1924 sasy; Ajax Rubber Ss bottom. Foreign _ex- francs _firm on Cotton—Higher; NEW cix motor lows. Bonds touch new anges—Steady: Jrench _support. unfavorable crop reports. Sugar— Jower: limited demand. Coffee— Jlasier: lower Brazilian markets. CHICAGO: Wheat—Firm; increased Jiuropean requirements. Corn— eady; sympathy with wheat. Cat- tle—Active and higher. Hogs— Etrong. — Jass fs popular in Birmingham, Fngland, and the greatest demand is Tor records of syncopated music. Tllinois Cent (7) Indep Oil (1). Indian Motorcy Inland Stl (2%) Inspiration Cop Interb Rap Tr... Int Cement (4) ... Int Com Eng (2). Internat Har(5). Int Mer Marine. .. Int Mer Mar pf. Tnternat Nickel Inter Nick pf (6). IntT&T (6). Invincible Ofl. Jones Bros Tea. .. Kan City South. .. Kayser Jul & Co. . Kelly Spr Tire. Kelly Springfd p Kenne Cop (3) . Keystone T & R. Lee Rub & Tire. Leh Val (3%) Leh Val rights. Lig & Myrs B ( Loews Inc (2) Loft. Incorpor. Lorrillard (3) Louis & N'sh_(5) Ludlum St1 (2)... Melntyre (75¢).. Mack Trucks (6). Mack T 2d (7) ... Mallinson & Co. . . Man Bl modgtd 4. Manhat Shirt (3) Maracaibo Ofl Marland Oil. ... Marlin Rockwell. Mathieson Alkali Maxwell Mot A... Maxwell Mot B. .. Mex Seaboard(2). Miami Cop (2)... 102 % 18% 33 24 22% 41% 22y 102 % 18% 33 28% 21% 41% 22% 84% 8% 34% 11% 76 66% 12 21 19 22% 14 41% 87% 1% 8 41% latest quarterly or half-yearly declarations. Unless otherwise noted, dividends are not incinded. extra or special High. Low. Last. Call Money..... 3% 3% 3% HOURLY SALES OF STOCKS. 1l1a.m 1ipm.. 185,100 342,000 269,600 SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon.— Bid. Aluminum Co. of Amer. 7s 1925 Aluminom Co. of Amer. 7s 193 American Sugar 0s 1937 American Tel. & Tel. 65 Ausociated ON 6a Bell Tel. of Canada s 1925, & St. Paul . & Pacific 5148 1926, & Elec. 1st Os 1927. Du Pont 7igs 1931. Federal Bugar Ref. Gs 193 Fisber Body Corp. Gs 1f: Fiuher Body Oorp. 6s 192 Goodyear T. & R. 85 1031, Great Northern 7s 1936, Gulf Oil Corp. of Pa. 5 Humble Ol 5%s 1932. Kennecott Copper 7s 1330. Libby, McNeill & Liboy 7s 1831, » P. & 5. S. M. 6ls 18310 Morris' & Co. 734s 1930 New York Central Os_ 1935.. Oregon Short Line 45 1929, 2BeRels & W SRS EER Rej ‘nion Tank Car . 8. Rubber 7%s 1930.... Western Union 835 1936. 11015 Westinghouse E. & M. 7s 1031. 10733 Wheeliug Steel Gs 1936. 0L From the Baltimore Sun. village sheik. Ofter. 103 107 99: 119 101 H 108 100 The boy Who once was the village | rolls, 28a30; )% smart aleck now has a son who is the ;v&on-mkod. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, pound Montreal, doll Paris, franc Brussels, franc. Berlin, 'mark Rome, lira. Zurich, franc. Athens,: drachma. Madrid, peseta. Vieuna, crown. Budapest, cro Prague, Warsaw, mark Copenhagen, crown... Christiania, crown. Stockholm,’ crown By the Associated Press. NEW YORK, May 13.—Foreign ex- changes firm. Quotations, in U. S. dollars: _ Great Britain, demand, 4.36%; cables, 4.36%: sixty-day bills anks, 4.34%. France, demand, cables, .0666. Italy, demand, cables, .0444%; Belgium, de- mand, .0480; cables, .0481. _Germany (per 'trillion)), .23; Holland, .3732; Norway, .1382; Sweden, .2656; Den- mark, .1695; Switzerland, .1771%; Spain, ~.1387; Greece, .0205; Poland, ~00000012; Czechoslovakia, .039: slavia, .0124; Austria, .00001434: Ru- mania, .0051; Argntina, .3293; Brasil, .1128; Tokio, .40%; Montreal, .98 7-32. —_— BALTIMORE DAIRY PRICES. BALTIMORE, Md, April 13 (Spe- cial).—Poultry—Winter chickens, per und, 40a45; epringers, 40a50; teg- ggrn!, 35a45; young stags, 24a25; old hens, 27a28; leghorns, old, 25; roost- ers, old, 16a17; ducks, 20a25; pigeons, pair, 40a50; guinea fowls, each, 40a60. Eggs (loss off)—Native and nearby firsts, per dozen, 23; southern, 22. Butter_Creamery, ood to fancy, er _poun a40; nearby creamery, gm? rints, 40a42; ladles, 30a32; dalry prints, 28a30; 27a28; process butter, 983% 92 101% 4% 101% 95 109 112 89% 99% 110% 1% 101% B4 101% 95 109 112 89% 99% 109 104% 100% 89 28% 28 82% 95% 101% 93% 103% 5% 108 107% 94% Pac Tel & Tel 5s... 12 Pan-Am Pete 7s... 1 Phil & Rdg C&I 5s. 12 Phila Co ref Gs A. Pierce Olldeb8s.. & Producers & Rt 8s. 20 Producers & R 8sw 1 Saks & Cont 1 Sharon St1 H 8. Sinclair O11 78. ... 18 Sin Crude Oil 5%s. 1 Sin Crude Oil 6s. Sin Pipe Line bs... South Bell Tel 58. 8o Por RicoSug7s 3 Southwest Bell 5s. 49 Steel & Tube 7a... 2 Tenn Elec Pow 6s. 9 Tide Wat Oll 6%s. 12 Toledo Edn 1st 7., Union Bag & P és. Unit Drug ev 8 U S Rub 1st rf bs. U 8 Rubber 7%s. USSteelstbs.. Utah Pow & Lt 5s. Vertientes Sug 7 Va-Car Chem 7 Va-CarCh 1%sw. 17 Warner Sug 75'41. 5 Warner Sug 7s'39. 5 Western Elec §s...177 West Union 6%s.. 4 Westinghouse 7s... 2 Willys-Ov 6%8'33.. 5 Wilson & Co 1st 68 33 Wilson&C ov 7% Wilson & Co cv ‘Winchester A 7%: Youngstn 8 & T 6s. *Three months ago tra stock nu;w—mn‘“‘u—hmfi‘-’rflm 13 3 . 45 “Jim Jeftries Bankrupt. LOS ANGELES, Calif, May 13— The. .bankruptcy case. of James J. Jeffries, once heavywelght champlon pugilist, came to a oclose yesterday Wwhen his petition for discharge as a baskrupt was granted. : Jeftries . was adjudged bankrupt $130,950, g i . The English Channel is more salt ‘ in winter than In summer. Vo Out of 35,000 electrical patents granted in England in one year, 397 were those of women, Onions, 100 1 spring _onions, 100, 1.50a2.75. Peppers, crate, Spinach, bu., 50a80. Rad- 2.5023.00. Squash, basket, 1.50a3.00. Tomatoes, crate, 3.50a7.00. Apples, packed, bbl.. 1 50a1.25: box apples, 1.75a2.25. Oranges box, 2.25a4.25. Grapefrult, 2.00a3.25. Strawberries, qt., 10a20. Settling Prices on Grain. Wheat—No. 2 red winter, spot, 1.13% ; No. 2 red winter, garlicky, do- mestic, I3%: no quotations on No. 4 or.No. 5 red winter, garlicky. No sales. Corn—Cob, new, 4.25a4.30 per bar- rel for yellow, and 4.10a4.15 per bar- rel for white; 'No. 2 corn, spot, $5%:; No. 3 corn, spot, 82i; track corn, yellow, No. 3, 90. No sales Oafs—No. 2 white, 8%a5%; No. 3 white, new, 57%as8. ' Rye—Nearby, 70a80; No. 2 rye, spot, 75, Hay—Receipts, 81 tons. The better quality _of _timothy, light clover, mixed, No. 1 clover hay, in fairly good demand, at full quotations, and for good hay the market is firm. Lower grade, damaged and unsound hay still slow sale at irregular, values. Quotations—No. 1 timothy, 29.00: No, 2, 28.00a28.50; No. 3 timothy, 25.50 226.08; No, 1 light, 25.00a26.00; No. 1 clover, miked, 27.00a27.50; No.' 2_clo- , 24.00a25.00. ve;!rlw—!\' 1 straight .rye, 24.00a 25.00 per ton; No. 1 tangled rye, 18.00 220.00; No. 1 wheat, 18.00218.50; No. 1 oat, 17.50218.00. Bourse Prices Irregular. PARIS, May 13.—Prices’ moved regularly on the hourse -today. Three per cent rentes, 52 francs 45 centimes. Exchange on London, 78 francs 2§ centimes. ~Five per cent loan, 67 francs 20 centimes. . The dollar was quoted at 17 francs 90 ceatimes. + Ir- season. Orchards are badly in of water and all streams in the Joaquin ley are . extremely Southern California has had unpre edently dry weather this year. DENVER, May 13 (Special) carriers here have been grantc increase of 50 eents a day to and $7. They asked an increas $1.20. Kansas Standard 0il Dividend NEODESHA, Kan., May 13.—Dir tors of the Standard Ol Comp. (Kansas) yesterday declared a o dend of 50 cents per share on capit stock of the company, payable J 16, 1924, to stockholders of rec at’ the close of business, May Stock transfer books will not clt Strawberry Season at Peak. BALTIMORI May 13 (Special “The sgawberry seasan is at i height in Arkansas now, and carlc of berries are shipped to all sect of the country,” said J. B. Holly ¢ Brinkley, Ark., who is here on a busi- ness trip. “Farmers are prospero as they plant diversified crops, but fruit and berries form an importan: part of their products. Because of agricultural prosperity all secfion are prosperous, and Fort Smith and other towns are booming, Other wealth of the state s in ofl wells and lead and zinc mines." ‘ e | COAL COMPANY DIVIDEND. W YORK, May 13.—A dividend 0 a share was declared today tors of the Glen Alden Coal pany, Scranton, Pa., payable June 20 to stock of record May 31. A pre- vious_dividend of $2.50'a share was pald December 20 last and $2 in the preceding June.