Evening Star Newspaper, May 16, 1924, Page 30

FINANCIAL." STRENGTH IS SHOWN AS MARKET ADVANCES Railway Shares, Including Atchi- son and Union Pacific Among Leaders in Rise. BOQST FOR SUGAR ISSUES Atchison and Union Pacific Among Rails Noticeably Strong. BY STUART P. WEST. Spacial Dispateh t The Star. NEW YORK, May 16.—The stock mar- ped considerable strenzth the latter part of the session after a irregularity in the e shares, especially the dividend payers like Union which made a new high for the Canadian Pacific and Atchison among the leaders. Oil shares ran up a point to a point and a half. Steel common above 87-had regained more than its entire week’s loss, and advances of a half point to a point were common in other parts of the list. Sugar stocks were helped improvement in (he raw sugar mar- ket. Transactions in Cuban raws were reported at 4% cents a pound, sainst the low of 311-16 early in the week. It was felt that the sugar market had passed through the worst of the test afforded by the raising of crop he huying of the while was not following prices up, w ming from sources which ve the mo urate informa regarding Sugar company earnings conditions. *nts on Copper List. The Porphyry Copper statements for the March quarter gave an interesting of fhow the North American com- are doing with the metal around Utah is the best s vet it could only show $1.31 rned, and this before the de- pletion charge. The $4 dividend is being earned, but with so small & margin that chances of an increase until copper prices £o up are extrem slim. A §$4 stock around 67 in a market like the present can hardly be considered attractive. Nevada Con- solidated reported for the first three months 20 cents a share, and this, too, before depletion. Had the depletion item been sub- tracted it is doubtful if anything Wwould have been shown on the stock at all. Under these circumstances the recent weakness in Anaconda, which is a higher cost proposition, is quite intelligible, A Atchison s rly tandard cific by the chixon Above 103. 1d above 103 for the first r. Paving § per o New York Cen- Y made it appear Atchison being virtually reckoned now ax a 7 per cent divi- dend issue. Union Pacific was no- ceably strong on what looke: be investment buying. Qo The fact that Chesap could continue so fi the declaration of ¢ per cent dividend, show not the prospect. of an - divide n sc that had be e motiv ck of the recent buying. L. however, the deal often reported Tor an exchange of C Ohio stock for Nickel I put through, th, former would become Automatical a 6 per cent dividend paver. Some buying came into the Western Maryland shares. STOCKS SLIGHTLY UP. ke and Ohio right following the regular 4 Moderate Improvement Seen in Today’s Dull Market Session. By the Associated Preas. NEW YORK, May 18.—Stock prices registered moderate improvement in to- day’s dull ion. Scarcity of stock for sale brought about considerable short covering, which. with steady in- vestment buying of the rails and high- grade industrials, imparted a firm tone t othe general list. Sales approximated ~gularity took place in the " dealings, but the maln tendency continued upward. Price movements were extremely narrow, and trading Wwas relatively dull. Marine preferred, tieneral Kl ric, American Water Works, ated Dry Goods and Pere Marquette advanced a point or 0. Congoleum dropped 2 points, to another new 1924 low, and Jelaware and Hudson dropped 1%. Foreign exchanges opened steady. Dullness became mor: pronounced as trading progressed and prices rifted unevenly with the ebb nd flow of purely professional activity. Barly improvement 1 entiment, aroused by the President veto of the bhonus bill, was counteracted by uncertainty as to whether enough votes could be must d to sustain it. Bear operators. however, had lttle Success in their efforts to unsetle the list by attacks upon a number oe. speculative favorites, these stocks showing good nce to selling pressure and displaying in _the main # solid front. Investment buying of high-priced railroad share broad- #ned on the se in mone: rates. Atchison advancing fractionally to a new high price for the year at 103%a Moderate gains also were recorded by i'ullman, Amecrican Radiator and a few other specialties, but recessions veraging about a point took place nited ates Cast Iron Pipe. The closing was strong. Buying or- ders flowed into the oil shares in the final ho with resultant advances of 1 to 2 points in the prices of numerous issues. resi changes unsett! recedes fracti Cotton improved w . Sugar od offerings offset early ffee quiet and feature- d; French eat firm; Corn higher: steady to good de- hous Cattle advanced; ‘buying by cas {small receipts. !stronz. Hoss ;mand. ! DEALERS RESENT RUMOR. CHICAGO, May 16.—Chicago com- mission merchants today denied harges that old potatoes are being sold for fiew at large profits by either the wholesale or car-lot merchants, but some of them gaid that possibly retail dealers were selling Nebraska ‘ Triumph potatoes, a variety resem- bling the new southern potatoes in i appearance, as new tubers. W. J. Engel of F. E. Baldwin & Co., said commission men could not afford to indulge in such tactics, be- cause their customers know old po- tatoes from new ones. ! “willilam Taylor of the Chicago Packer said similar charges had re- { cently been brought to his attention and he had investigated and found them to be without any basis in fact as far as the wholesaler and car-lot { merchants were concerned. He ex- pressed the opinion that a few re- tailers may have sold the Triumphs ds new potatoes, intentionally or not. SR GERMANS BUYING IRON ORE. ST. JOHN'S, Newfoundland, May 16. ~—The British Empire Steel Corpora- tion announces that German buyers had contracted for 1,125,000 tons of jron ore from the company's mines at Bell Island, near this city, delivery 1o be completed within six months. ‘Transportation of this quantity of ore to Furope, the announcemen said; will require a fleet of twenty vessels making monthly voyages and carrylng an average cargo of 10,000 H H tons each. and | i Open. Ajax Rubbe Alaska Juneau. Allied Chem (4). AIC&Dpf (7). Allis-Chalm (1) Am Agri Chem. . . Am Agri Chem pt Am Beet Sug (4) Am Bosch. . AmBrs& F (5). Am Can (16) . Am Can pf (7). Am Chicle 3 Am Drug Synd. Am Hide & L pf. Am Internatl. Am Linseed. .. Am Linseed pf. . Am Locomo (5). Am Loco pt (7 Am Metal . Am Radiator (1). AmRollMpf (7) af R (50c). hip m & Re (5). AmS& R pf (7). Am Sugar. Am T & Cab (5). AmT & Tel (9).. Am Tob B (12). Am Tob pf (6). Am Water Wks. . Am Woolen (7) Am Wool pt (7. Anacorda. ... Arn Cons & Co. . . Asso Dry G (5) As DG 2d pf ( Asso OIf (113 AtT& S Fe ( ATE&S At C Atlan Ref (4) . Bald Loco (7) Bal & Ohio (3) . Bal & Oh pf (4). Barnsdall A. . ... Barnsdall B Bayuk Cigar. Beth Steel (5 Beth Sl p; ) Br Briyn Edison rts Brk-Man Tran. . Br Man T pf (6). Butte C & Zinc. . Butte&Superior Caddo Cen O & R. Cal Packing (6) Cal Pet (1%) Cal Pet pf (7). ] an Z Lead. Calu & Ariz (2).. Can Pacific (10). 148% Cent Leather Co.. 11 Cent Lea Co pf 39 CenRib M (50c). 27 Cerde I'azC (4). 444 Chand Mot (6)... 43% Ches & Ohio (4).. 76 Ch&Opf (612).. 104’ Chic & East 11} Chic Gt Weet pf. . Ch Mil & St Paul Chi & Nwn (4) Ch Preu T (5) Chic R1& Pa CRI&P DI (6 CRI&PDS (7). Chi Yellow C (4). Chile Cop (2%). . Ciiino Copper. Caca-Cola (7). Colo Fuel & Iron. Col G & E (2.60).. Col Carbon (). Com Ir Tr (§%c) Com Solv A (4).. Com Soiv B. Congoleum Consol Gas Consol Textile Cont Can (4) Cont Canpf (7). . Cont Moto®s (20¢) Corn Products... 34w Corn Pr R pf (7). 1184 Cosden Co. . 2813 Cosden pf ( 884 Crex Carpet. . a0 Crucible St (4 Cub Am Sug (3) Cuban Cane Sug. Cub Care Su pi.. Cub Dom . Cuyamel Fr (4). . Dan! Boone M (3) Davidson Chem. . Del & Hud (9) Del L& W (6) Det Ed Co (8)... Doug-Pectin (1) . Du Ptde N (3) ). Eaton Ax (2.60) Ei Stor Bat (4) .. 51k Horn Coal. ... -John (5 -John pf (7). ). B Erie PRy Erielstpl...... Erie 2d pf. Famous P1 (8). .. Fifth Av B (61c). FishBOpf (8) .. Fisk Rubber. Fleishmar (3) Foundation (6) .. Freeport-Texas. . Gen Asphalt. Gen Cgr deb Gen Eiec (8). . ... Geu El spe (60c). Gen Mot (1.20) Gen Mot pf (6).. Gen Mot db (6) .. Gen Mot db (7). Gen Petm (2). Gen Refr (4) Gimbel Brpf (7). Gold Dust..... Goodrich pf (7).. Goodyear pf..... Granby Consol Gray & Davis. ... Gt North pf (3).. Gr Canan Cop. . Guantan Sugar. Gu Mo & N pf (5) Gulf St Stl (5). ... Hartman Co (4).. Hayes Wh'l (3). . Houston Oil. Hud Mot C (3)... Hupp Mot C (1).. Tilinois Cent (7).. 102% 111 Cent pf (6) ... 105% Indep Oil (1) % Indizhoma Ref. o Indian Motorcye. 1. Inland Stl (236).. 32% Inspiration Cop.. 2! Interb Rap Tr. 22 Internat Agri. % Internat Ag pf. 4% Int Cement (4) 41% Int Com Eng (2). 227 Internat Har(5). 83% Int Mer Marine. . Int Mer Mar pf. Internat Nickel. . Internat Paper. Invincible Ofl. Jordan Mot (3). . Kan City South.. Kelly Spr Tire. . . Kelly Springfd pf. Kenne Cop (3) Keystone 7' & R. Laclede Gas (7) Lee Rub & Tire. Leh Val (3%). . 19% 143 41% 37% Leh Val rights. ., Lima Loto (4).. Louis & N'sh (6) . Ludlum St1 (2)... MclIntyre (75¢) Mack Cos pf (4) . Mack Trucks (6) . Magma Copper. Mallinson & Co. Man El gtd (4). Man El modgtd 4. Manhat Shirt (3) Maracaibo Oil. Marland Oll...... Maxwell Mot A.. Maxwell Mot B... May Dpt St (5) . Metro Ed pf (7) 3% 18% 15% 84y 79% 295 23% 59% 6% 83% 27% (31% 41 10% 84 2 Tow. Close. 4% b 1% 1% 1% 724 T0% T0% 114% 114% 114% 43 % High. 5 14% 3215 120 4013 97 119% 490 97 1013 6 6 [ 991 99% 43 421 40% 40 125% 125% 136 136 102% 102% 48% 484 643 6219 974 9TY 807 80% 91 9 88 o 92 g 4 29 2 3 102% 9% ROy 8’ ¢ 121% 120% 1067 105% 110% 110% 3 16% 60% 59% : 757 104% 1044 21% 4y 10% 14% 24 53 81% 24 691y 81 11 e 1077 107% G 6% 8415 24 1185 1184 293 28 88y, 30 495 30% 12% 56 6% 61% 221 47 107% 116% 102% 10% 115 1075 15 63 12 58 110% 24% 10% n7 107 16% 54% 12 58 110% 2474 2% 28 1% 10% 99 6% 49% 1% 9% 28 T0% 10% 99 6% 49% 70 8% 35 84Y% 104 104 217 216 11 10% 13% 83% 83 9414 40% 57% 10 % 551 63% 4% 231 62 21% 12 103 102% 105% 105% % THE NEW YORK:STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. 18% 19% 19% 19% 3% 3% 2 2 81 1% 12% 12% 3974 22% 19% 6% 6% b52% 32 93% 23 130% 64% . 13 . 115 39 49% 100%% 6% 834 29% 19 16% Low. Close. Mex Seaboard(2). MexSeabd ctfs(2) Middle St Oil. . Minn & St Louis. . Mis K & Tex pf... Missouri Pacific. Missouri Pac pf. Montgom Ward Moon Mot (3) Mother Lode ( Nat Acme. ... Nat Biscuit (3) Nat Dairy (3). ... NDS1stpf (7). Nat En & St Nat Lead (8 Supply Nev Cons Cop NOrT&M (7) N Y Air Br (4). NYABra® N Y Central (7 NYC&Stl (6). Lpf (6). N Y Ont & West. . N Y Shipbldg. Norf & W (i8). North An.er (2).. North Pac (5).... Nunnally Co (1).. Owens Bot (3). Pacific Oil (2) Packard (1.20 Pan Amer (4) Pan Amer B (4).. Panhan P & R pf Park & Tilford. .. Penn Railrd (3). Penn Seab Steel. . Peop Gas Ch (7). Pere Marq (4) Pere M prpf (3). Phila Co (4) . Phila& R&I.. Phila & R&T ctfs. Phil Mor (50¢ Phillips Pet (2 Pierce Oil. . Pitts Coal (4) Pitts & West Va. . Postum Ce¥ (4) Postum pf (§). Press StIC (4). Prod & Refiners. . Pub Ser N J (4) Pullman Co (8) Punta Al Su (3).. Pure Oil (114). Ray Cons Cop Reacing (4) Reading rts. Read 1st pf Read 24 pf (2) Replogle Steel Rep Ir & Steol. R ds Spr (2 Rey Tob B (3). St L, San Fran. St L Southwest StL S'thpf (5) Savage Arms. Seaboard Air L, Sears Roe & Co. Seneca Copper. Shell Un Ofl (1) Shell Un pf (6).. Simmons Co (1). s pf (7 n Con O pf (8). Skeliy Oil.... 055-Shefl (6). .. 0 P Rico Su (6) outh Pac (6) T8% 19% 55 and Plate Glass Stew't War (10).. Stromberg C (8) . Studebaker (4).. Sabmarine Boat. . Superior Oil Tenn C & Ch. Texas Co (3). Tex Gulf (1614) . Texas & Pacific Tex & PacC&O. Third Avenue.... 9% Tide Wat Oil (4) 125% Timken (13%)... 35% Tob Prod (6). . 574 Tob Prod A (7)... 8% Transcont Oil Underwood (3) Union Oil.... Un Pacific (10) Un Pac pf (4) Un Tank Car (3). Utd Fruit (10). U S Cast Iron P. U S Ind Alcohol. . U S Rubber. . USR 18t uf (8) U 'S Smelting. . U S Steel (16) U S Steel pf (7 U S Tobacco ( Utah Copper (4) ... Utah Securities. . Va-Caro Ch pf... Va Ry & Power Vivadou. Wabash. Wabash pf A.o Wabash pf B. . Web & Heilb (1). 16% West Penn pf (7). 8% West Maryland.. 8% West Mary 2dpf. 16 Western Pacific.. 18% West Pacpf (6). 624 West Un Tel (7). 106% West E& M (4).. b5% Wheel & L Erie. 8% Wheel & LErpf.. 17 Wh Eag Oil (2).. 28% White Mot (4)... 524 Wickwire Sp Stl.. 2% Wilson & Co. . 5% Willys-Overland. 7% Willys-Over pf. .. 63% Woolworth (8).. 332 3331 Woolworth wi(3). 83 84 WrigWJr (3)... 86 36% Yellow Cab (5)... 47 49% 46% 48y Youngst S&T (5). 63 68 !l 5’2 Gsm er tPartly extra. g. avle "“,‘g':.'.';"?" .1'::.6 x ments on the ARl e Unless ommmte m:f.:::d exira or special Do . s High. Low. Last. Call Money. . 3% 3 3 HOURLY SALES OF STOCKS. 11am. 132,900 12m. 240,500 291,400 2 p.m.....360,100 96% . 118% 17 52% 17 4% T% 6114 332 83 36 CAR LOADINGS DECLINE. BALTIMORE, May 16 (Special)—|© Decline of car loadings on the Sea- board Air Line Railway is noted for the week ended May § last, as com- pared with the corresponding period r ago, the number of cars luoradledy;:lngg{ol.lfiz and 45,583 for the respective weeks. The drop is attrih- uted to the fact that the late- ness of spring held back ship- ments of early fruits and ve from Florida. Desplte this, likely that the revenues of the road will show an increase as tompared with last year, and that the figures for April will show a surplus over all fixed chargez and interest. iifetrs TosmE PINEAPPLES ON THE WAY. BALTIMORE, May 16 (Special).— With the first shipment through Balti- more of a number of cargoes of pine- apples from Cuba, the Munson Line steamer Walter D. Munson has been re- ported as sailing from Havana. The vessel is bringing 22,000 crates of the fruit, which will be distributed here to interior points. The movement of the pineapples was to have taken place three weeks ago, but the strike in Havana paralyzed shipping, officials of the Munson Line said. It is expected that there will be at least one cargo week, which may be increased if the de- mand of the trade warranta. & it is NEW YORK MONEY RATES. uxzt‘:’w YORK."‘ lls—Cll.l ‘money ; high, : low, ruling rate, 3% 3 Lm. id, 3; offered at 33 ; last getables | FIRMNESS IN BONDS AGAIN IN EVIDENCE T. S. Securities Continue as Cen- ter of Interest—Rails and In- dustrials Show Gains. 'Y GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, May 16—Continued firmness characterized today's bond market, with, however, many traders assuming a waitinfg attitude, pending the disposal of the bonus bill in Con- gress. It was generally agreed that if the President’s veto should be up- held there would be an immediate up- ward-movement in bonds. If, on the other hand, the bill should be passed over the veto, the immediate effect would probably be a certain amount of reaction. Even so, however, it was not expected that the reaction would go far with money conditions what they are. Prices Around Yesterday’s High. United States government bonds were still the center of interest toda: with prices around yesterday’s highs, which at the same time were at the highs of the year. Today the tax- exempt 3%s made still another high record for 1924. Not only is every liberty loan. now selling above par and at the high of the year, but the third 4%s have equaled the 'high for all time and the Treasury 4%s have bettered it. Rallroads and industrial investment issues made more small gains today. Buying came into the bonds just be- low the lezal class such as Pere Mar- quette 5s and in the utilitles Ameri- can Telephone and Telegraph deben- ture 5ls, the latter making a new high. Good second grade issues, such as St. Louis, San Francisco City Southérn 5s, Southern general 4s and Missouri, K Texas A bs, were in demand. market for i s of this ¢ facilitate new railroad fii which s cxpected in large volume shortly, the first road to come into the market being the B. & O. Status of Speculative Rails. In speculative rails :he feature was the heaviness in the Paul bonds, especially the 4s of 1925. This issue is now down more than five points from the hirh of the vear, made late n March. Puget Sound 43 sold below 4 today against the high for the yvear of over 60. Klsewhere in the railroad st and Seaboard Air Line bonds {were firm and B. & O. bs active and higher. Foreign _ bonds were generally steady. French obligations were a shade higher at one time, but specula- tion was halted until the political out- look abroad has become clearer. Railway and SHORT TERM SECURITIES, (Quotations furnished by Redmond & Co.) —Noon.— Ofter. 1027, 07 ° o, nmd Aluminum Co. of Amer Aluminum Co. of Amer. Amercan Sozar 6e 19 American Tel. & Tel, Anaconda Copper t Northern Te, 1f_Oil Corp. of Pa mbie Oil 548 19: 352 Kennecott Copper 7s 1930. Libby, MeNeill & Liboy 75 1931 M., SL P& Morris & Co. 7128 1930. .. New York Central 6s 1935 Oregon Short 15 192 - Pow. & Lt & Tidewater Oil Bigs i Union Tank Car 7s 1830, U. 8. Rubber 7l 1030. . Western Union_6iis 1936 Westinghouse E. & M. 7. Wheelinz Steel 65 1936 —_—— FOREIGN EXCHA (Quotations furaished by W. B. GE. Hibbds & Co.) Selling checks Londoo. pound Montreal, doi Paris. frane RBrussels, fran Rerlin, mark Rome,’ lira Zarich, franc Athens, drac adrid, peseta ... . crown . crown crown . mark zen, crown Cbristiania, crown Stockholm. crown By the Associated Press NEW YORK, May 15— changes easier; quotations (in United States dollars): Great Britain, de- mand, 4.36%; cables, 4. sixty-day bills ‘on _bahks, 4.34% mand, .0579; cables, .| mand, .044415; cables, . demand, .04 demand (per trillion demand, .3738; Norw: Sweden, demand, .2653; : mand, .1689; Switzerland, demand, .1772; Spain, demand. .1385; Greece, demand, .0203';; Poland, demand, .00000012; ~ Czechoslovakia, demand, .0294% ; Jugoslavia, .0123%; Austria, demand, .000014% ; Rumania, demand, %; Argentina, demand, .3300; Brazil, demand, .1120; Tokio, demand, .40%; Montreal, .98%. e U. S. TREASURY CERTIFICATES (Quotations faraished by Redmond & Co.) ——Noon. Bid. “Ofter. 100132 1003-32 100316100 7.32 100 23-32 100 2532 100 1932 100 21.3: 100 100516 100% 1001516 100 2532 100 2652 100 2732 100 2932 101916 101 100 23-32 100 35.32 102118 102% 101 23-32 101 2532 48 Jume 16, 1924. 5%s June 15, 1924 5ias September 15, 1924. 4s December 15, 1924. 45 Mareh 13, 1025 438 March 15, 1925 4155 June 15, 1925 43s December 15, 4%s March 15, 1928, 4% September i 43 March 15, 1927. 4% December ' 15, 1027. SEEC R DIVIDENDS. Pd. Rate. Payable. 60 June '50 June 30 1.75 June 30 1% July 10 3% July 10 .00 Juze 10 panfum B 145 L o F&¥occescoriooe finn pue BELT R >070000>0000) o ann R8AL8A Fin 8t'd G. & Elt 8td Oil of Do., pfd. 3% A 2 oooffoce: *! AR DROPS U. S. WHEAT TRADE Only 240 Bushels Shipped Here From Canada Past Week. Imports of wheat from Canada last week fell to 240 bushels, attributed by Commerce Department officials to the increased tariff rate placed upon imports recently in the presidential proclamation invoking the fexible provision of the tariff law. ‘Weekly imports before the increase became effective averaged nearly half a million bushels. STOCES EX-DIVIDEND. Date. Coeporation. May 17N Bisenit B IRE D [oxrzw voxx BONIS o mxcaamer Received by Private Wire (Sales are in $1.000.) UNITED STATES BONDS. (Fractions represent thirty-seconds. Example: 101-3 means 101 3:32. Sales. Hizh. Low. 98 100-2 99-31 1 10C=10 100=10 315 100-21 100-18 Lib2d 4%s... 818 100-17 100-13 Lib3d 4%s... 1790 101-1 100-30 Lib4th 43s.. 884 100-28 100-25 UBS4%s1952, 281 1020227102-15 102-18 FOREIGN. Bales. High. Low. Closs. 1101 401 101 3 8% 78 8% 90 89% 89U 901 90% 90% 1024 102 102% 100 99% 100 101% 101% 101% 108% 108% 108% 89% 89% 81% 81% 814 81 96 95% 100% 100% 100% 100% 102 101% 100 99% 100% 100 104% 104% 102% 102% 1043 104% 96% 96 421 42% 107%4 107% 9014 90% 93% 6% 107% 107% 108%% 95% 86% 93% 9314 89% 59t 99% 95% Lib3%s.. Lib 2d 4s. Lib 1st ¢ Argentine 78 Argentine Argentine 6s'37 Austria 78 Brazil 7% e Canada 68 1926.... 26 Canada 5%s1929. . 2 Chile 88 1941. Chile 75 1943, Chinese Gov Ry 5 Christianta 8s..... Copenhagen 5%s. . Cuba 6%s. . Czechoslovakia &a Danish Munic 8s A Danish Munic 8s B Denmark 8s Denmark 6s. Dutch E16%s. ... Dutch Iast 1 6s'47. Dutch East I 68'62. Finland 8 68 1945. . Framerican 7%s. . French Govt 8s. French Govt 7%s. Holland-Amer 6s. . Japanese 1st 4%s. 5 Japanese ds....... 20 Japanese 6%s w 1. 112 Jergens UM 6s'47. 1 Marseille 6s. Montevideo 7. Netherlands 6s Norway Norway 6s 1943. Norway 6s 1952. Paris-Ly's-Med Gs. Porto Algere §s... Prague 745 | Quecenwiand 7s. Queensland 6s. Rio de Jan 83 1946, | Rio de Jan 8= 1947. | Pio Gr Do Sui $3 Sao Paulo State Serbs Crotes Slo 83 Soissons 6s. Sweden 6s. s Confed 8 5%s 1946.... 32 Ud Kingm 51t '29. 29 Ud Kingm 5%s '37. 10 Ud Steam Copen 63 11 15 15 & 51 ] 1% Ajax Rubber | Am Agr Chem bs. . | Am Agr Chem 733 Am Repub deb 6s.. 10 Am Smit&R Ist 6s. 33 Am Smit&R 6s Am Sug ref 68 {AmT & Tcltrds.. | Am T & T deb 6%s3181 | Am Water Wks 33 10 | Anaconda ev ab Anaconda 1st 6 Armour of Del Associated Oll 6s.. Barnsdalls{ §s... | Bell Tel Pa . Beth Steel 5148 ‘53 Beth Steel pm 5s.. Beth Steel s £ 6 Braden Copper 6s. Brier H St 15t 5% Bklyn Ed 6s B. . Bklyn Ed gen 5. Bklyn Union G 5= Calif Pete 6 | Can Gen El deb 6s. | Central Leather 53 Ckile Copper 6 Col Gas & El 5 Col Gas & El 3s sta. Commonwih P 6x. Consumers Pow bs Cuba Cane cvd ss. Cuha Cane cv 75 ‘30 Det Edison 5540 Det idison ref 6s. Donner Steel 7s... Du Pont de N 7%s3! Dugquesne Light Est Cuba Sug 71&8 Empire G&F 7%s. Fisk Rubber 8s.... Gen Refractres 6s. | Goodrich 6%s. . Goodyear 8= 1931.. Goodyear 83 1941. . Humble O&R 5%s. lilinols Bell 1st 5s. Indiana Steel 51 Int Mer Marine 6s. Inter Paper bs 47 KCP&Lt6sAS3. Kan G & El 68°52. . Kelly-Spring 8s... Lackawa S 58°50.. Magma Cop cv T Mapati Sug st 7%s Midvale Steel 5s. ... Montana Power 68. New Eng Tel 5s. N Y Easa 1st 6% NYG EL H&P bs N Y Tel 68’41 NY Tel 84 5 107% 1047 104% 8914 a9y 99 95 Srownmoe=nst @ «BES m anSornata North Am Ed 6%s. Nor Ohio T&L 6s. Nor States Pow bs. Nor States Pow €s. Northwat B Tel 7s. Otis Steel T%8. ... Paclific Gas & El s PacT & T 1st Pac Tel & Tel 5s. Pan-Am Pete 7s. .. Phil & Rdg C&I5s. 3 Phila Co b%s '38 Phila Co ref Gs A. Plerce-Arrew 8s... Producers & Rf 8s. Public Service 5s. - Po acmmoum Bonrm = B 99 98 82% 95% % 101% 94 103% 95% s 107% 94% 81 101% 103% 90% 941 55 30 102% 94 96% 110% 107% 61% 98% 824 101% 9% So Por Rico Sug 78 Southwest Bell 5: Steel & Tube 7s. Tenn Elec Pow 6: Toledo Edn 1st 7 Union Bag & P U S Rub 1st rt 5 = LT G U TS SR 1y Va-CarCh 7%sw.. 15 ‘Warner Sug 7s°'41. 3 ‘Warnef Sug 7s'39. 19 ‘Western Elec b Waest Union 6%s. ‘Westinghouse 7s.. Wickwire Spen 7s. Willys-Ov 6%s '33. . Wilson & Co 1t 68 Winchester A 7%s. Youngstn S&T6s. 6 954 CEE L R s DAIRY PRODUCTS. BALTIMORE, Md., May 16 (Special). —Live poultry —Spring chickens, pound, 38a48; leghorns, winter, 30a42; ung s ,24225; old hens, 27a2 l’:gho:rnm. 23a25; roosters, 16al ducks, 20a25; pigeons, pair, 40a50; guinea fowls, each, 40a60. Eggs, loss off—Native and nearby firsts, dozen, 23%; southern, 22%. Butter—Creamery, good to fancy, 37a41; nearby creamery, 35a36; prints, 41a43; ladles, prints, 30a32; process butter, 34. -96% 110% 107% 62% 98% 82% 101% 96 SRS TR The average annual crop of a cocoanut tree is 'sixty nuts, Direct te The Star Office. RAILROADS. Bales. High. Atchison gen 4s... 46 87% Atlantic CL 1st 4s. 13 88% B&Oprin3% 98% B & O gold 4s. 85 102 88% 86% 83% 98% 67 75% 89 112% 112% 80% 95% 98 86% 947% 927 8T 34% 87% 98% &Orefbs....... B &0 PLE&WYV 4s. B &0 SW div 3%s. B & O Toledo 4s. .. Bkiyn-Manhat 6: Buff R&PItt 4%s.. Canadian North 78 Canad North 6%s. Canad Pac deb 4s.. Car Clinch & O bs. Car Clinch & O 63. Centrai Pacific 4s: Ches & Ohic cv bs. Ches & Ocv a%s.. Ches & O gn 43s. . Chi & Alton 3% Chi B&Q gn 45’58 Chi B&Q 1st rf 5 Chi & E1ll gn 68 Chi Great West 4s. C M & Puget 5d 4s. Chi M & St P rf 431 Chi M & St Pcv bs. Chi M & St P 45 25. Chi MES P ev 4%s. Chi M&ST P 4s '34 CM&StP gn 4%; CM & St Pdb 4, ChiT H & SE bs Chl Un Sta 6% Chi & W Ind cn 4s. CCC&StLrf6s A.. Cleve Term 5%s. . Cleve Term 58 Colo & Sou 4%4s.... Cuba R R 73%s Del & Hudson 5% D& RGstrfbs. Det United 4%s Erie gen 4s. . Erfe conv 4s A Erie conv 43 B. Erle conv 4s D Gr Trunk sf db 6s. Grand Trunk 7s Gr North gen 7s... Gr North gen5%s Green B& W db B. Havana ERL&P 53 Hu & Man raf b Hud & Man aj Ili Cent ref 51 '55. 111 Central 5%s. Int Rap 1ran 6s... Int Rap Tr 6s stpd. Int Rap Trans 6s Int Rap Tran 7s. Int & G Nor aj 6; Int & G Nor 1st 63 IKan City Ft S 4s {ansas Clty S 3s.. Kansas City S 5s.. Lake Shore 45 '31. Lehigh Valley 6: Long Island rf 4s Louls & Nash 7s Louis & N 58 5. Manhat Ry cn Market St Ry Mil E1 Ry & L 58. M StP & SSM 6% M StP & SSM cn |MK&TprinssA. MK&T4sB. ME&T6sC MK & Tadi5s.... Mo Pacific 68 | Mo Pacific 55°65. Mo Pacificgn 4s. Montrl Tm 1st 5. NOTex &M in 5 N Y Cent gen 3%s. | NY Cendeb 6s {NYCenribs..... | N Y Centcn 4s'98. NYCenLSel 3%s. Y C & St L deb 4 ew Haven cd 65 ew Haven d 4s New Haven 7s..... YOnt& Wrefds ew York Ry rf 4 Y Ry rf 4s ctfs. w York Ry 4] 58 ¥ Rys ad] 5s ct. . Y State Ry 43%s. Y W & Bos 433, orfolk & W cn 4s. Norfolk & W cv 6s. rthern Pac 3s orthern Pac 4s. orthrn Pacr i 6. orthern Pac 58 D. O Short L cn 5s '46. Ore-Short L ref 4s. Ore-Wash 1st rf 43 824 102% 99% £ 9670 5814 82 1014 92 109% 108% | Penrmyl gen 41 Pennsyl 6%s Pennsyl gold Pennsyl con 4%s.. Peoria & E inc Pere Marq Ist 5s... Reading gen 48.... Reading gn 4'sswl 20 Rio G Westcl4s... 3 RIATk & L 4les. St L IM&S R&G 13,25 StL:M&S4s'29.. 13 StL&SFpldsA..142 StL&SFprinss. 45 StL&SFincés... 11 StL&SF5% D StL&SFad)6s.. StL&SFpl6sC. StLSW istds.... StP Un Dep 5%s.. StP & KCShL 4 San A & Armn P Seabd AL4ssta.. Seab'd A Liref 4s.. Seab'd A Lad) b Seab'd A L con 6a. Sou Pacific 45 1929, Sou Pacific ref 4 Sou Pacific clt 4 Southern Ry 1st Southern Ry gn 43. Southern Ry 6% Southern Ry 68 ct. Sou Ry Mobile 4s.. Third Ave ref 4s. Third Ave adj 5 Tol StL& W 4 Tol StL& W 3 Union Pac 1at 4s. Union Pac 1st rf 4s Union Pac ev 4s.... Union Pacific cv 6 Virginia Ry 1st 5s. Wabash 1st 5s. a1 903, 664 7616 80% 89% 693, 1007 9% 98% 5 6% 67 534% 6% 8% 954 87Y% 82% 9944 7245 105 100% T9% b4k 42 £04% 98% 90% £3% 9744 103% 954 99% 62% 85% West Shore 1st 4s. 81 81 Whel & LErf4%s9 11 61% 61% TOTAL SALES (Par Value): 1lam.. 3196000 12noon 5822000 1p.m.. 7287000 2p.m... 9143000 o S o LABOR RECORD KEEPS UP. BALTIMORE, May 16, (Special).— Despite reports from certain other sections of the country that employ- ment s falling off, there is little evi- dence in Baltimore of unemployment. _ It is true that there has been little increase of industrial activity re- cently which would add to the de- mand for labor here, but there has been no appreciable decline. Building and allied industries have been unusually active since the more open weather appeared and it is un- derstood the demand for skilled work- ors in these lines has been steady. The demand for unskilled labor has not been quite so keen, however. The “floating supply,” or laborers who go from job to job, partly in con- nection with seasonable activities, has found comparatively little demand during the last couple of weeks, it is understood. .TAL MARKETS. NEW YORK, May 16.— Copper easier; electrolytic, spot and nearby, 12%; futures, 12%al3. Tin weak, Spot and nearby, 43.00; futures, 42.62. Iron steady; prices unchanged. Lead weak; spot, 7.12a7.25. Zinc quiet; Bast St Louis, spot and nearby, 5.80a 5. . Antimony, spot, 8.50. LONDON, May 16.—Standard copper, spot, £61; futures, £61 17s 6d; elec- trolytic, spot, £66 10s; futures, £67 108" Tin, spot, £215; futures, £214 73 64. Tead, spot, £29 10s; futures, £28 10s. = Zinc, spot, £30, 17s €d; futures, £31 20 6& SR FINANCIAL WOOL MARKET SHOWS LACK OF STABILITY Commercial Bulletin Finds Trad- ing “Spotty,” But Dealers in More Hopeful Mood. By tha Associated Press. BOSTO! Bulletin “The ill say tomorrow: market still is spotty and lacking in stability, although the trade is perhaps more hopeful, as time passcs, that business will pres- ently Improve. Sales of yarns and tops have been made at lower pric sometimes at prices below their in trinsic value. Meanwhile, the wool market continucs in rather an irreg- ular . The sale of the Jericho pool in Utah at 42 cents does not seem to have had the stabilizing effect upon the western market that it usually has had, although prices there are not greatly changed. “London has been irregular through- out, although the sales toward the end of the present week scem to have become a little stronger. The for- eign markets generally still are ready to buy wool, but fihancial require- ments’ are: heavy at the moment and the market a big groggy in conse- quence. “Mohair is in moderate request with prices about where they have been for two or three weeks past. “The rail and water shipments of wool from January 1, 1924, to May 15, 1924, inclusive, were 74,469,000 pounds against 61,686,000 pounds for the same period last year. The reeeipts from January 1, 1924, to May 15, 1924, in- clusive, werc ' 123,326,100 pounds, against 239,378,900 pounds for the same period last year.” . e COTTON MARKETS. NEW YORK., May 16.—The cotton market. was lower in today's early tradirg, under realizing or liquidation inspired by prospecis for better weather in the south and rumors that more cotton was coming here for delivery on May contracta i The opening was easy at an ad- vance of £ points on May, but gen erally § to 22 points lower; and May soon eased off to 31.43, or 25 points October declining to 25.35. Selling on the talk of warmer weather in the southwest was promoted by reports that cloth sales in Full River for the week had amounted to only 15.000 pieces. May notices were reported representing about 2,500 baies. Official weather foracasts confirmed private predictions of generally fair d warmer weather in the south and ssed the market to work off to 31.2 for May and 2 for October. or hout 36 to 43 p lower. The decline was chec midday by coverinz at these figures. were rallies of 4 few points from the lowest, with the market quiet but fairly steady. NEW YORK, May 16.—Cotton futures closed casy. Mas July October December January December . January W ORLEANS. May 16—The cot- arket opened lower. despite more favorable Liverpool calls t due The weakness was attributed to small | Fall River sales of only 15,000 pieces | of print cloth for the week and some | selling of Ma er is ue of notic for that month in howed lo 5 points, but all months soon rallied slightl May, ned to 31 after opening call, or 30 points under the pre SW ORLEANS res closed bare!: against contrac ¥ 16—Cotton teady at net de- October December January . LIVERPOL. Ma moderate business: | Good middling, 18.84: : middling, hales. Reeeipt including closed e: October, 14 CHICAGO GRAIN MARKET. CHICAGO, May 16.—Wheat showed a moderate upward tendency in price | to after opening stea mates were current that the world |available supply had decreased 000 bushels in April., compared 764.000 bushels the previou: | month @nd 37.111.000 bushels in Apr {iast vear. al dis- position, however, to do market until farm legislation Washington is out of the wa) ing prices. which ranzed shade lower to % advanc 1.06% and September 1. lowed by a little sag and then b, fractional gains all around. Trading in corn was larger than in wheat. Speculators were bus s result of dry- weather complaints |from some sections. After .opening at 1; decline to % gain, July 73%a 3%, the market scored a general upturn. i Oats hardened in sympathy with other cereals. Starting unchanged to 3 lower, July 43%a43%, prices later showed a trifle advance. Provisions were dull but firm. I — h. Low. SHEAT- el T I8N 106 at 10674 September . CHICAGO LIVE STOCK MARKET. CHICAGO, May 16 (United States Department of Agriculture).—Hogs — Receipts. 20,000 head: desirable grades in best demand: butchers Mostly 5 higher: lightweight mostly 10 to 15 up; active demand; big pack- ers talking steady; bulk 'good and choice pound butchers, 7.50a7.65; top. 7.65: better grades 160 to 210 poun ight mostly 7.45a7.60; Food and choice 140 to 150 pound av: orages largely 7.00a7.40; bulic packing Sows, 6.80a7.00: killinz pigs. strong t 55 higher: bulk good and choice 120 pound _averages. a 1 hter pIss. 3 i tle—Heceipts, 4,000 head: gener- ally active; beef steers and yearlings B eady to strong: she stock strong to Snevenly higher; broad demand: top matured steers, 10.85; several loads, 10.00210.75; bulk fed steers, 8.75210.00’ part load long vearlings, 11.40: heavy Rosher cows upward to 885 and above: bulk fat_cows. 6.00a6.75; ligh beer heifers, 7.30a9.25: choice 'heavy Theifers upward to outside figure and above: bulk bologna bulls, 4.50a5.15; Texas grass bulls, 4.25a4.50; few heavy bolognas. and above; bulk veal calves, 9.50a10.25 to packer sutsiders selecting at 11.00al1.23 mostly. 5 o3 - TRADE SHOWS INCREASE. ST. LOUIS, May 16 (Special).—The movement to Stimulate business through May bargain sales has brought an_increased number of re- tailers to local wholesale markets this week. Orders have shown an increase, but still must be called conservative. They center onythe sea- sonable items. Reports of curtailed manufacturing output continue. A large number of orders are being placed with local iron and steel mills, but most of them are mt bedrock prices for immediately delivery. Building construction is slackening ana general consumption is not such as to kecp mills at capacity. Whole. sale business 5o far this year is about 10 per cent under that of a year ago. | centimes, , May 16.—The Commercial | | 1 nd there| irst sales | | 45.- | little in the | ¢ | Conspiracy | hela | the thira q BIG VOLUME OF TRADE: _ Benewed Activity on D. C. Ex- change of W. R. & E. Com- mon Stock. MERGENTHALER UP A POINT | Bank Issues and Other Securities’ Market Features, BY CHAS. P, SHAEFFER. he volume of trade in locx tility stocks, led by renewed act ity in the preferred issue of Wast ington Railway and ctric mon at strong prices, prevailed « the local hoard this morning. carrier security =old to an aggrega of 210 shares, including one block « a hundred shares, at prices fluctu ing between 1% to T1% Mergenthaler Linotype. more or less dormant a full point rise shares at Lan hand, was firm but unchanged 4t 71 20 shares changing hands. Capita Traction sold off to 93 National Mortzage and In preferred, stock leader in had one kale of 500 shar fractional loss over tha pre National Capital for the first time A v con after month. seor with sa of i on, on tha oths stmen & National | Terminal par. Washington Light had sales, involving 50 shares at The bond side of the market Insurance Company Election. At the regular meeting of the of directors of the National re Insurance Company of yesterday, W. T. Galliter wie< named a vice president, and Holeon. G. Johnson w: b loth we ated by the recent death of Char. B. Bailey, for many years a 1 president and director of the con pany. Speaks for U Compulsory stitutic a more wer, 1 S. Constitation. teaching of the ( public schools a : Ldvoc: of No Bank Atlanti e urgi rica in Maryiand meeting W Association ci participation ancther conference © cace Judge Lawson declared 1 nation must maintain a suffici force under arms 1o insure weig for its opinions. He condemned different voters and told the banker they should assist in a campalgn ( education that would Lring about greatar understanding of the respon sibilities of citizenship. Notes on Reserve Bank Ratios. The federal re. ratio of 1 Richmond Bank d ed three-ten of a point this w compa with last, and now sta at 60.6 cent, the Tre: noun Thi cent over ti same _is a gain of e figure reported for period of last 3 2 Review of Mood cial C: says in ance Conditions, Weekly Review of Fin: in its current conserva Presid be a arding trade and sec Judging fram the netary an trade outlook it appears to be a log cal policy to hold a f: good pr portion of long-term bonds weil ir and_possibly “There see dividuzal rea ws the h me i etween end and the March to switch into s ny the ne s to be me cculative or semi-speculative grouns which are not very appealing to th conservative investol Personal Mention. kburn, assistant manager office of the Fuller Bruth hus been selected company as one of the thirty a branch managers to attend a specis training school at the home office. Hartford, Conn. This school, which extends over a period of two Weehs, opened last Monda: The course of instruction aims to unify the training methods for Fullr representatives and to give the men broader vision in their gervice to the homekeeper by solving her cleani problems. F. B. Bl of the loca Company. U. S. SKIPPER ARRESTED. e in Huge Oil Theftf Charged Against W. P. Raarup. NEW ORLEANS, May 16 —Wa TRaarup, fleet captain here for the ping Board, was arrested yesterdar upon complaint of Shipping Board who charged that he had conspi A. V. McFadden and others to st = ernment property. He was arraigned be fore United States Commissioner Brown.! who fixed at §$10.000. Raarup has charge of the idle fleet of Shipping Board vessels anchor few miles north of the city. members of the crew of a riv were arrested early this we chaiged with stealing 6,000 ba crude oil from a tanker in th McFadden, owner of the boat, one of tho: taken into custod: complaint charged that the thef part of a plot to take all the « board vessels of the fleet. SEES U. S. WIN AIR RACE. Bartlett Says Helium Will Bring Shenandoah to Pole First. SEATTLE, Wash., May 16.—Bees the United States controls the world" supply of helium, the airship Shenan- doah can reach the north pole before the craft of any other nation, in the opinion of Capt. Robert A. Rartlett, Arctic explorer and a passenger on the United States coast guard cutter Bear. The Bear left yesterduy on her thirty-six annual cruise in the Arctic. Capt. Bartiett, who is on a mission for the Navy and for the National Geographic Society, said that he ex- pected to hear any day that the Brit- ish would attempt to reach the pole in the R-34. “The English will bave to use hy- drogen,” Capt. Bartlett told the Rai- nier Club here, “and they rightly fear that we will beat them. r s Ship- ) PARIS BOURSE PRICES. PARIS, May 16.—Prices moved irg regularly on the bourse today. Three per_cent rentes 54 francs. lkxchange on London, 76 francs. Five per cent loan, 68 francs 40 centimes. The dol- lar ‘was quoted at 17 francs a4 IN LOCAL UTILITIES .