Evening Star Newspaper, September 22, 1924, Page 22

DAY, SEPTEMBER 22 THE EVENING STAR, WASHINGT NEW YORK STOCK EXCHANGE | |ALL LIBERTY BONDS Received by Private Wire Direct to The Star Office * FINANCIAL ADVANCE CHECKED D 2, 1924 FINANCTAL Covs v BONIDS moxarcs] COTTIN QUITATONS. INTTUER ) S Bk Received by Private Wire Direct to The Star Office. IN FINAL TRADING Public Utility Stocks} Stopped After Large Gains—Gas Shares Up 10 Points. BY STUART P. WEST. Spectal Dispatch to The Star. NEW YORK. September ing the greater part of the day's s sion, it was a stand-off between pro- fit-taking in some of last week's lead- ers and the pushing forward of new favorites. Wall street considered the yolitical news over the week end as favorable from its point of view. Nothing eclse happened to influence the market The regular leaders like Steel com- mon and Baltimore Loco opened high- er but ran into a plentiful supply of stock. This was true also of General ectric and American Can. Selling the latter was accompanied by epticism regarding the dividend action at the end of the month ither the coppers nor the sugars did anything to speak of. Although the rubber situation has undoubtedly turned, there was no disposition to immediately continue to discount this fact in the trading in the rubber stocks. The oils were neglected, com- paratively speaking. Gan Stock Jumps 10 Points. Interest centered in the public util- ities, in the tobacco shares, in one or two of the rails and in various spectalties Consolidated Gas Baltimore jumped nearly 10 points, this being accompanied by propor- tionate advance in the new stock on the curb. Wall street believes that one of the purposes in the up of the capital was to facilitate an increase in dividends, Consolidated Gas of New active and above meant that it was in ground. Brookln Union « along in anticipation of an r in the present $4 to at least $6 a share. The remarkable feature in the public utility group, however, was the North American common, Which on a big turnover. rose almost violently. There were rumors of some highly favorable announcement soon to be made. . Standard Gas & new high above 38 and Electric of Zlectric made a At that figure, the Teturn is still nearly 8 per cent. | Tobacco Gossip Bullish, ¥or some time past the financial district has been full of reports that the tobacco men were very on their stocks. This statement appeard to be borne v what happened today Last year after all manner of extravagant predictions, Tobacco Products earned only $1.35 on its common, after the stock had sold as high as *» With this experience in view. there is cau tion about accepting bullish earning estimates. But there is no disposi- tion to dispute the aggressive wa in which the market for Tobacco Products shares is handled. Liggett and Myers mads a new high, while the Amreican Tobaccos, after a further rise, at the start ran into considerable profit-taking. The feel- ing is that American Tobacco will be one of the next to announce a capital split-up. Worthington Pump was bid up again on the discussion regarding the development of its new heating device for railway use. It was up 2 points from Saturday and 10 points from a week ago. North American Is Feature. North American was a feature among the utilities, advancing to a new top for the year. An announce- ment is expected this week regard- ing what the Street calls a “shake- down of capital structur North American Cane pays $2.40 annually in dividends on its common stock. No in- crease in dividends is looked for. The president of the Standard Plate Glass Company today denied reports of friction among directors and said he knew of no reason for the break ast week in the stock. The com- he added, is in satisfactory siness is good, and he looked for satisfactory earnings the balance of the year. There was an opening recovery of about points in the company’s stocks. Market Rise Cheecked. Following a statement put out by one of the financial news agencies, i which the Vacuum Oil Company was quoted as_denying the purchase of Davison Chemical stock, the latter broke sharply on a rush to sell. In the last hour the market became increasingly irregular. The advance was checked at least temporarily in the public utilities. CLOSE Is UNSETTLED. 0il Shares Stronger, But Rest of List Is Under Pressure. By the Associated Press. NEW YORK, September 22— Strength of the public utility issues, which contributed 9 to the 24 new 1924 high records, featured today’ irregular stock market. Bullish dem- onstrations were conducted in a num- ber of specialties, despite the heavi- ness of pivotal industrial shares. Sales approximated 700,000 shares. The closing was irregular. Oil shares made a favorable response to the increase in heavy smack over crude prices, and Cushmar was marked up 5 points in the final hour. but American Can and other Stand- ard industrials continued under pres- sure. Markets at a_Glance NEW YORK,—Stocks irregylar; pub- lic utilities under heavy accumula- tion. Bonds firm: Liberties and rail issues lead advance. Foreign ex- changes heavy; sterling slightly re- actionary. Cotton easy; southern hedge selling. Sugar lower; commis- sion house selling. Coffee higher; Brazil buying. CHICAGO.—Wheat steady; ers buying. Corn heavy; markets, Cattle irregular; grades advanced. Hogs firm; packers buying. CURRENT MONEY RATES. NEW YORK, September 22.—Call money steady; high, 2; low, 2; ruling rate, 2; closing bid, 2; offered at 2% ; Jast loan, 2: call loans against ac- ceptance, 1%; time loans easier; export- easier cash better big 1 mixed collateral. 60-90 days, 2%a2%; 4-6 months, 3a3%; prime commercial paper, 3%. TODAY’'S METAL PRICES. NEW YORK, September 22.—Copper easy; electrolytic, spot and nearby, 13; futures, 13al3%.. Tin easy, spot and futures, 46.00. Iron steady; No. 1 northern, 20.50a22.00; No. 2 north- ern, 20.00321.00; No. 2 southern, 18.00 a19.00. Lead steady, spot, 8.00. Zinc quiet, East St. Louis spot and futures, 6.12. Antimony, spot, 11.25. WOOL AUCTION LIVELY. LONDON, September 22.—A superior selection amounting to 7,683 bales was offered at the wool sales today. There ‘was a spirited demand for fine grades, ‘which were firm, but medium scoured ‘was slow and irregular, and there were frequent withdrawals. bullish | Air Reduct (15). Ajax Rubber.... Alas Gold Mincs Alaska Juneau. . Allled Chem (4). Allied Chm pf (7] Allis-Chalm (4). Allis-C M pf (7). Am Agricul Ckm Am Ag Chm pt.. Am Can (6).. .. Am Can pf (7) Am Car & Fy(12! Am Chain A™(2). Am Chicle. . Am Drug Synd. - Am & F P 25%(7) Am Hide & L pt. Am Ice (7) < AmIcepf (6)... Am Internatl. AmLaFFE (1). Am Linseed. . ... Am Linseed pf. . Am Locomo (6). Am Metal (3)... Am Radiator (4) Am Saf R (50c).. Am Ship & Com. Am Sm & Re (5). Am Snuff (12) Am St} Fdys ( Am Sugar. . Arm Sugar pf (7). | Am Sumat Tob.. Am T & Tel (9). Am Tobac (12).. |Am Tob B (12).. | Am Tob pt (6) | Am Typ Fdrs(7). | Am Water Wka. |Am W wpe(6) | Am Woolen...... | Am Wool ptd (7) Am Writ Pap pf. Am Zinc. . Anaconda 5 Arm of Del (7)., Arn Cops & Co.. Asso Oy C (5) .. As DG 1st pf (6). Asso Oil (1%) AtT&S Fe (6). AT&SFpf (5). Atl Birm & At. .. Atl Coast L (18). AtGulf & WI... [At Gulf & W 1 pf | Atlantic Refin. . 88 10 w 1t Td% 115 62 99% 13 36 129% 113 1654 24% 284% 5% 115% 64 81 » | Atlan Ref pf (7). | Austin-Nichols Austin-Nic p(7) Bald Loco (7)... | Bal & Ohio (5).. | Bal & Oh pt (4. Bang & Ar pf (7) Barnsdall A.. ‘Bxyuk Cigar . B'ch Nut 0).. Bethlehem Steel Beth Stl pf (7).. Britis Em Stl 1st | Brk Ediscn (8).. Brk-Man Tran. . | Br Man T pf (6). Brklyn Un G (4). | Brown Shoe (4). Butte C & Zinc. . Butte&Supertior. Butterick Co... Cal Packing (6). | Cal Pet (1%).... Callahan Z Lead Calu & Ariz (2). | Calumet & H 50¢ Can Pacific (10). Case Threshing Cent Leather Co. | Cent LeaCo pt. . | Cerro de Pasco(4) | Chand Mot (3).. Ches & Ohio (4). |Ch &0 pt (63) .. | Chic & Alton pf. Chi&EIDt..... Chic Gt West.... | Chic Gt West pf. Ch Mil & St Paul Ch Mil & St P pf. Chi & Nwn (4).. ChiRI& Pac. CRI&PDf . Chile Cop (233). {Coca-Cola (7)... Colo Fuel & Iron Col G & E (2.60). Col Carbon (4).. Com Ir Tr (63¢). Com Solv B..... Congoleum (3).. Conley Tin Foil. Consol Cigar . 19% Consol Gas (5).. T4 Con Gas of B (8) 187 Comsol Textile 3% ContCan (4).... b7% Cont Mot (80).. 7 Corn Prod (2)... 34% Corn Pr R pf (7). 1224 Cosden Co... 26% Crucible Stl1 (4). b57% Cub Am Sug (3). 32% Cuban Cane Sug. 14% Cub Cane Supf.. 64% Cub Dom Sugar. 6% Cushmans (3)... 70 Cuyamel Fr (4). 53 Daniel Boone... 13 Davidson Chem. 50% De Beers Mines.. 19% Del & Hud (9)... 127% Del L& W (6)... 139 Det Ed Co (8)... 108 Dome Mines (2). 15% DuPtdeN (8).. 131 Eastman (17%)... 109% Eaton Axle & S.. 9% El Stor Bat (4).. 574 End-John (5)... 64% Erie...... ceress 2TH Erie 18t pt. . 38 Exch Buffet (2). 22% Fairb'ks (2.60).. 27% Famous P1 (8) 81% Fed Lt & Tract.. 84 F'AM&Spf (7). 60% Fisher Bdy (10). 185% Fisk Rubber 9% Fleischman (13%) 72% Foundation (6).. 82 Freeport-Texas. 9 GenAmTC 3). 45% Gen Asphalt. 41% Gen Asph pf (5). 83% Gen Baking (6). 143 Gen Cigar (8)... 91 General Elec(8) 262% Gen El spe (60c) 11 Gen Mot (1.20) Gen Mot.(n) . Gen Mot pt (6).. Gen Mot db (6) ... Gen Mot pf n (7) Gen Petm (2). 40% Gimbel Bros. 60 Gimbel Brpf (7) 107 Goodrich....... 27% Goodrich pf (7). 844 Goodyear pf.. 64'% Granby Consol.. 18 Gt North pf (5).. 64% Gr NorOre (3).. 29 Grt Wstn Su (8). 89% Gr Canan Cop. b Gulf Mo & Nor Gu Mo & N pf (5) 69% Gulf St Stl (5)... Td% Gulf S 1st pf (7). 100% Hartman Co (4). 32% Hayes Wh'l (3). 84% Homestake (17). 46 Houston Oil..... 72 Hud Mot C (3) Hupp Mot C (1. Illinois Cent (7). 109% 1il Cent pf (6),. 111 Indiahoma Ref.. % Indian Motoreye 17% Indian Refining. _ 6% Inger R (128).. .. 250 Inland Stl (2%). 35% Inland Stl pf (7). 103% Interb Rap Tr... 26 Internat Agri. Int Bus Ma (8) Int Cement (4).. Int Com Eng (2) Int Mer Mar pf.. Internat Nickel. 18% Internat Paper.. 48 Int Pap pf st (6). 73 IntRy Cent Am. 15 Int T&T (6).... 83% Invincible Oil. 12% Jewel Tea. Jewel Tea p! Jones Bros Tea.. Jordan Mot (3). Kan City South. Kayser Jul & Co. 43 Py 45% 56% 46% 123 7% 97% 1 103% 49 26% 40% 31% ‘21% 19% Open. High. 88 10% W 1% T4% 115 62 99% 13 Close. 87 9% W 14 744 Low. 87 9% % 1% 74 15 115 61 61 99% 99% 13 1332 36 36 127% 127% 113% 114 | 165% | 244 | 27% 835 83 ' 80 80 264 26% | TS 20% 21 43 80 S0 48 48 116% 116% T T 1% 11% | 4% 74% | 146 147% | 3736 | 46% 465 | 90 90 | 8% 84 127 127% 163% 165 161 161% 105 105 13 113 114% 120 90 90 57% 58% 954 95% 3k 3W % TH 3% 3% 88 &8 S Sk 19 119 91 92 28% 28% 104% 104% 1224 62 59 121% 617 69 116% 116% 245 24% 68y 68i | T4% 76w | 463 46% | 5 bW, 16% 16% | 154 o1 | 15 148 204y 13'8 46 460 T o 33% 38% | 122% 122% | 26% 26's 57 67 32 141 | 6iln 6% 74% 62% 84y 63% 18% 64 29 88% 16% 17 69% 3% 100% 32% 35% 46 2% 28% 184 109% 111 % 18 5% 250 35% 1031 23% 1 103 49 26% 89% 17% 474 3 16 84% 13 4% 3 15 83% 12% 21% 21% 102 102 15% 16% 314 81 21 21 19% 19% {PacG & E (8). | Packard pt (7) | Stew’t Warn (5). | Superior Oil..... T Tex Open. High. Kelly Spr Tire. Kenne Cop (3. Kinney G R Co Kresge Dep Str. Lee Rub & Tire.. Lehigh Val (3%) Lig & Myrs (3).. 63 Lig & Myrs B (3) 63% Lig & My pf (7). 119 Loews Inc (2).. .16% Loose-Wiles Bis. 72 Lorrillard (3)... 89% Louls & Nash (6) 97% McCrory B. Mack Trucks (6) Magma Cepper. . 18 4T% 9% 50% 10% Bty El Sup (4) Manil El Co (8). Man El md gd 4. al Mathleson Alka. Maxwell 2ot A Maxwell Mot B May Dept St (5). Metro Gold pfd. . Mex Seabd (2).. Middle St Oil. . Mis Kan & Tex | Mis K & Tex pt.. Missouri Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3) Mother Lode 75¢ Munsingw'r (3). Nash Mot (10).... Nat Biscuit (3) Nat Dairy (3). at Dept Stores. at En & St at Lead (8) ... at Ry M 2d pf.. Nat Supply (3) N Or T&M 1231% N Y Air Br (4). NYABra ) N Y Canr N Y Central (7). NYC&SIL pf (6). N Y Dock..... NY NH & Hart. Y Ont & West. | Norfolk South. . Norf & W (18).. orth Am (2.40). North Am pf (3) North Pac (5)... Ohio Body & B Orpheum (1%).. Otis Elev (n) (4) Owens Bot (3).. 424 97 4% 12% 100's 3t Pacific 011 (2)... Packard (1.20).. Pan-Amer (4).. Pan-Amer B (4). s Penn Railrd (3) 44% Penn Seab Steel. 1 Peop Gas Ch (7). 102% Peoria & East... 16% Pere Marq (4). 60% Pere M pr pf 20’ Phila - (4) 494 Phila Co pf 45% Phila & R a6 Phil Mor (50c 14% Phillips Pet ( 82 19 I3 er rrow... | Picrce-Arrow pf prpf (§) Pierce Oil Pierce Oil p! ) tts Ut pt (1.20) Pitts Ut etfs Pitts & WV o P& W Va pf (6). Postum Cer (4). Pos Pre: Press St Prod & ¥ Pr& Steel Car. 21 C pf. | Pullman Co (8)... a Al Su (). Pure Oil (13%)... Ry Stl Spg (8). | Readin, Reading rts 20% stpf 854 ngton Type 39% B . 104 11% 48% 17 6% 40% 55 29 28% 60 41% 1% 63% 107% Replogie Si Rep Ir & Steel. Reyn'ds Spgs (1) Roy Dth (4. Rutland pf. StJ pk Ld St L San Fran. St L nFrpt.. 5t L Southwest. nta Cecilia vage Arms. .. hulte (8)..... Seaboard Air L., 14 Seab'd Air Lipf.. 26% Sears-Roebk (6) 104 Shattuck-Ariz.. 6% Shell Un Oil (1), 16% Simmons Co (1). 26% Simms Pet 14% Sinclair Oil. 17% Skelly Oil....... 18% Sloss-Sheff (6).. 78% South Pac (6)... 94% Southern Ry (5). 67% South Ry pf (5). 76% Spicer Mfg...... 13% Spicer Mf pf (8). 86 S1d Gas & El (3). 87% Stand Mill pf () 79% St oil Cal (2).... 67 StOiINJ (1). 85% SLOII N J pf (7). 118 Stand P1Gl (3).. 26 55% 1% 9% e Studebaker (4).. Submarine Boat. Tennessee Copper Texas Co (3). Tex G Sulph 7) as & Pacific & Pac C & O. Timken (13%) Tob Prod (6). . Tob Prod A (7) Transcont Oil Underwood (3).. Un Bag & Paper. Un Pacific (10).. Un Tank Car (5) Utd Cigar Stores United Drug (6) U D 1st pf (312). Utd Fruit (10).. Utd Ry Invest... Utd Ry Invest pf U S CastIron P. USCIP pf (D... U'S Distributing U § Hoff Mach. . U S Ind Alcohol. USR&Im(8). U S Rubber..... USRIstpf (8). U S Smelting. ... U S Steel (16%). U S Steel pf (1) Univer P pf (7) Utah Securities. Vanadjum Corp. Va-Caro Chem Va-Caro Ch pf.. Va Ry & Power. Vivadou 9214 % 38 42% 140 126 52% 9% 49% 207 17% 44 108% 95% 27% 21% 724 93 36 88% 33 108% 122% [ 34 26 1% 4% 69 6 15% 4% 14% 16% 894 92% 116% 11% Wald Sys (1% Web & Heilb(1). West Pen (4)... West Pen pf (7). West EIpf (D). West Maryland. Western Pacific. 24% West Pac pf (6). 2% West Un Tl (7).. 118% West E & M (4). 627 Whl & L Erie.... 13% Wheel & LEpf. 23 Wh Eag Oil (2). 24 White Mot (4)... 64% Wickwire Sp Stl. 1 Wilson & Co. 6 Wil & Co pf.. 18% willys-Overl'd.. 8% Woolw'thn (3).. 111 Worthing P'mp. 86% W'th P PLA (T). 80% 18 4% 80% 50% 10% 545 64% 64% 19 16% 2% 3943 9% 90% 98% 36 17% 47% 9%, 50% 10% ba% 63% 63% 119 16% 0% 39 9% 20 96% 35% 22 . 21% 45% d5% 106% 105% 464 45 28% 22% 70% T 42% 97 4% 46% 18% 12% 100% 100% 63% 63 53 b2% 447% 4t 1% 14 104% 102% 14% 16% €0% 60 804 80's 50% 49% 45% 108% 129% rt 108% 107 14% 14 26% 26% 104 103% 6la 6% 16% 164 26% 26% 144 144 1% 16% 18% 18% 3% 738 94% 93% 68% 67% 6% T6% 134 86 87% 79% b6% 35 ‘118 224 55% 107% 122% b4% 83% 25% 1% 4% 69 6 16% dan 14% 16% 16% 14% 16% 91% 89% 93 924 116% 115% 11% 11% 24% 24% 72% 72 14 13 62% 13% 28 23% 63% 1 6 18% 8% 8w 111 110% 89% 36 80% 80% Low. Close. 17% 47% 9% 50% 10% | 5% 64% 64 5% 60 40% 16% | 26% | 14% | 15% 684 | 6% | mand for Libertys advanced pric | tive fruit next month. HIT HIGHER LEVELS Railroad Issues Also Very Strong as Market Trad- ing Opens Weak. BY GEORGE T. HU 1 Dispatch to The Star. NEW YORK, September’ ing of high-grade investment issues was the feature of the bond market at the start of trading this week. De- s for Sat- ES. —Buy- all the avtive issues well above urda, closing, and the Treasury 4%, went above 106 for the first time since early in August, and within 10 points of the recorded high of 106.10, made June 14, 1924, Along with this absorption of United States Govern- ment obligations went inquiry for the high-grade savings bank railroad mortgages, With new high prices for the present upward swing all along the line. Other Obligations Strong. Atchison general 4s sold above 90, Union Pacific 4s crossed 93, Southern Pacific refunding s touched 90 and Union Pacific refunding 4s equaled the best price of last week. In_the high-grade utility class American Telephone and Telegraph at 103 sold at the high since they were first issued This strength and investment issues course, only the institutional buying in employ idle funds. As a class neither second gr nor speculative bonds re as strong as the high grades but there wero interesting feature individual issues. I G. N. adjust- ments made another record high. At 65 they were up 1% points si turday’s closing and 8 points above the low of 1 weelk. Missouri Pacific general 4s were above but the supply equal to the Further p »in the St. Paul exception of ‘tivity in prime and effort to was list, with ¢tho convertible Several New Isxues. The leader in the foreign group was the new Belgian 6 made a new high up more than 2 points from the offering price. The rest of the list was steady but not particularly active. Speculative in- dustrials and utilities w rregular. Today's new issues included $1,- 3.000 Indiana Service Corpos first and refunding 5s, due 19 5 per cent, and $767.000 Cen- ermont 5 per cent equipment otes, due s “ld from 4 to N SHARP ADVANCE | Commerce Department Re- ports Heavy Gains in Corn, Wheat and Rye in Week. (Sales are in $1,000.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Low. Close. veee 522 100-29 100-28 100-28 143 102-20 102-12 102-17 249 10122 101-15 101-2 154 102+12 102-6 10: Lib3%s Libist 43 Lib2d 4%s... Lib3d 4Xs. .. US43%s1962.. 197 106-3 105-26 105-31 FOREIGN. Sules. High. Low. Close. Argentine 65°37... 40 (937 93% Y3'x Argentine 7s. 2 102% 102% 102% Austria 7s. 95~ 94% 9d% Belgium 6; 100% 100% 100% Belgium 61t w1..816 97 96% 96% Belgium 7%s. 108% 109% 109% | Belgium 8 108 107% 108 | 110 110 110 | 93% 934 93% 89 B8% &9 82w 821 82% 97 96% 97 Canada 6s1926.... 26 101% 1% Canada 5s 1952... 7 103's 108% Canada b%s 1929.. 26 104 104 Chile 85 1926. 103% 101% | Chile 75 1943. . 98% 933 Chile 85 1941. . 105 105 Chile851946... .. 2 105% 105% Chinese Gov Ry 53 43 . (:hrlsl:‘anla 8s..... 10 110 110 Copenhagen 5143, . 5% 95 Cuba 6%s. . 4 gs». 2636 Czecho 8s 1951 100% 100 “zecho 8s 1952 ct 100% 1004 Danish Munic 88 A. 2 108% 1087 Denmark 6s 100% 1005 Denmark 8s 1t 110% Bolivia 8s. .. Bordeaux 6i Brazil 7s. Brazil 8s. | Atchison aay as RAILROADS. Sales. High. 1L 84 5 904 1 85% 16 100 87l Low, 8% 89% 85Y% 100 8T% 89% 85% 102% 100%, 844 997 684 80 87 116% 116 79% 105% 99 8% 96 88% Atchison gen 48 Atlantic C Lcl 4s.. B&Oprin3ts B & O gold 4s.. B&Ocviaks.. B & O PLEWV 43 B & O SW div 3%s. B & O Tolcdo 4s. . Bklyn-Manhat 6s Buff R & Pitt 4%s. Canad North 6%s. Canada North 7s. . Canad Pac deb 4s. Car Clinch & O 68 Cent of Ga 5ls. Central Pacific 4s. Ches & O cv 414s. Ches & O gn 43s. Ches & Ohio cv b8 Chi & Alton 314s. Chi B&Q gn 45 °58. Chi B&Q 1st rf 58 CE & Q-11l div 4 Chi & E 111 gn 5s. Chi Great Wes| 7 306 " 51 63 ChiM & St P 4525 Chi M&SL P 45 '34 CM&StPdbis... ¢ Chi M&St P cv 4148 44 M & e StPrtdlss. 65 ChiM& & ChiM& S Chi § o g e s GALL IS DUE SO0R Keep Trading Quiet in All Markets. | Big Increase in Local Depos- its Predicted—Trading Light on Exchange. | | BY the Associnted Pross. | "NEW YORK. September 2:.—The | cotton market opened barely ste. | today at a decline of 8 to 17 points | December easing off to 21.82 in the firat few minutes or about 13 to 18 points net lower on the active pos | tion. The decline was attributed | liquidation and a little Southern sell- in but enough covi ng absorbed | the comparatively small offerings and prices recovered to within 3 to 4 points of Saturday's closing quota- tion Liverpool reported a quiet market and trading locally was attributed fly to evening up of accounts in e of tomorrow’s crop figures. | POSIt her private report estimated the | the condition at 57.7 and the 30, yield at 13,100,000 bales. Cotton futures closed steads it BY CHAS. P, SHAEFT Bl ment ceived Cont | The « tember 36 to for Octaber mber Jannary March May v 10 October. 870 Mareh, Opening RS Junuary 5 NEW ORL The cotton market had a quiet ng with prices 6 to 10 points d ! | French Govt 7%s.. which | | Dutch ET6%s. | | | Japanese 4s. . Japanese 614s. RI% 8974 | C 89% §9% | Chi Rys 6s. . .. 96% |ChiRI1& Pgnds.. 95 [ChiR I & P rf 48 1035 TH&SES5s.. 88 |Chi& WIn 96 J 103% 106% | CCC 92 | B8 82 - oo DEIS5%sct. Dutch East I 65" Dutch East I 6s'62 El Salvador 8s '48. . Finland s f 65 1945. |c Framerican 7%s. . | French Govt 8s. Haiti6s........ Hungary 6%s. 0 & Sou 4%s. .. Jergens UM 6s 47, uha iR oy Lyons 6s . Marseill Mexico 4 Mexico 4s 10 ashtd. Mexico 5s assented Montevideo Netheriands 6s'54. Netherlands 6s°72. Norway 6s 1943. Norway 6s 1944. Norway 6s 195 . Norway 8s.... - Orient Dev deb 6s. Paris-Ly's-Med 6s. Porto Algere 8s. ... Prague T%s. ... Queensland 6s. . Queensland 7s. . Rio de Jan 8s 1946. Rio de Jan 8s 1947. North gen 75, .. 33 Rio Gr Do Sul 8s. . 5 & W ab B, Sao Paulo City 8s. . 46 i i Sao Paulo State 8s. {Hud & Man aj 5s.. ine Dept. of T: . Serbs Crotes Slo 83 Soissons 6s. Sweden 6s Swiss 5% 1946. Tokio 5s. Del & Hd 1strf 4s.. 21 Del & Hudson 53%s 1 Den & Rio G cn 48, 44 D & Rip G imp 5s.. 111 tGlstriss.. 63 M&FtDd4s t United 4148 1st con 48 cgen 4s. . onv 4s A orth gen 5%s. 6414 109% Ud Kingm 5% 41 105% MISCELLANEOUS. Am Agr Chem 53 9 Am Agr Chem 7%s Am Chainsf 6s'33 Am Cotton Oil 5s. . Am SmIt&R 1st 5s. AmSmit & R 6s. Am Sug ref 68 AmT & Tcl tr 4s. Am T&T cltrbs... AmT & Tdeb5%s. AmT& Tevbs.... Am Water Wks Anaconda 1st 6 or 1st 6s. G Nor aj 6s.. |lowa Cent rf 4s. . 37, | Kansas City S5s. Kan City Term 4s.. 6 Exports of grain from the United|Anacondacyd ates last week bushels, agza t the previo totaled 11,0 §.259.000 bushels for s week. for last week, as com- the previous week, we public by the Commerce De- ent today as follows 367.000 bushels, 0 ‘bushels, corn, 91.000, 41,000 $.000, a rye, 2.5 st 1 against 5,862,000, United States and Canadian wh flour in transit totaled 423,000 barrels a 319,000 barrel ag 3 11 000 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BROWNSVILLE, The growers ande will Te September of the lower Rio begin shipping grape- The season’s move- ment is expected to rea 1,000 car loads. SPOKANE . September Except in districts where Spring freezing weather cut blossoms, grow- ers of apples in Washington and Oregon expect to have good season. The harvest now is estimated at 20,- 000 cars of 756 boxes to the car and is expected to bring an average of $2.25 a box. LANSING, Mich., September — The corn crop in this State is esti- mated at 20 per cent less than last year and the potato yield at 2,000,000 bushels less. Heavy rains and plant diseases have reduced the bean crop 1,000,000 bushels. BOSTON, September 22.—The Glea- sonville Woolen Mill weaves have struck agai a reduction of wages and the requirement that one weaver operate two loom KANSAS CITY, September 22— Some millinery manufacturers are sending out hurry calls for larger- sized hats for women who have not bobbed their h; Retailers have been demanding sizes ranging from 21 to 23 inches, but now are asking 26-inch frames. TOPEKA, September 22.—The pros- perity of Kansas is evidenced by the increase in the number of automobile licenses applied for. Applications already have totaled 400,571, as com- pared with 367,337 at this time last year. BRISK TRADING IN WOOL. BOSTON, September 22 (Special).— The Summer street raw wool trade started off rather briskly today, with dealers slowly pushing their prices upward toward a parity with foreign markets. Sales of fine clothing ter- ritory were reported at better than $1.30 clean basis and no Ohio delaines now are offered under 60 cents in the grease. A considerable export move- ment is developing in which even the scarce Australian wool is included. NEW YORK EGG PRICES. NEW YORK, September 22 —Iggs —Irregular; receipts, 9,901 cases; fresh gathered extra firsts, 45a49; do., firsts, 40a44; do., seconds and poorer, 30a38; nearby hennery whites, closely selected extras, 66a69; nearby and nearby western hennery whites, firsts to average extras, 50a65; nearby hen- nery browns, extras, 53a62; Pacific Coast whites, extras, 62a63; do., firsts to extra firsts, 50a61%; refrigerator, extra firsts, 36a36%; do., firsts, 34a 35%. Wrig W Jr (3).. 41% 42 41% tPartly extra. iPayable in preferred s! 42 Dividend rates as given in the above table re the annual cash payments based on_ the Intest quarterly or haif-yearly declarations. Unless otherwise noted, extra or special dividends are not = at|Col Gas & | | | | 4000 | Armour & Co 4%s Armour of Del 53 Associated Oil 6s.. Atlantic Refin 5s.. Beth Steel pm 5s. .. Beth Steel 515 '53. 2 Beth Steel s £ 6s. Brier H St 1st 513, adj6s.... 7 & TprinSsA. 18 t | Bkiyn Union G 5s... DS gush T Bldg 58 '60. if Pete 6%s i Wheat, | Central Leather 5s Chile Copper 6s. .. 21 5s sta Commonwth P 6s.. Con Coal Md 1st 5s. Consumers Pow 58 Cuba Cane cv d 8s. B % | Denver Gas 5s..... 90 | Det Edison ref 6s.. 1065 | Du Pont de N Tis. 108 | Dugquesne Light 6s 105% | New Haven c d 63 Est Cuba Sug 7%s 106° | New Haven Ts.. . Empire G&F 7}s. . 96% | N Y Ont & W ref 4s Fisk Rubber Ss. fhin e Gen Elec deb 5s... 104% | N'Y Ry rf 45 ctfs. . Gen Refractres 6s. 101 |NY W & Eos 4348, Goodrich 6% 8% | Norfolk & W cn 4s. Goodyear 85 1931 106% | Northera Pac 3a: Goodyear 3s 1941 - 118% | Northern Pac 43. Humble O& = Northern Pac s D Illinoss Bell 1st 6s. Northern Pacr i 63 13 Illinois Steel 4%s. Ore & uuihzrsr__ ) Int Mer Marine 6s. Ore Short L ref. Inter Paper 68°47.. Ore Sht L cn 55 '46. KCP &Lt5sA 52 Ore-Wash 1st rf 43 Kan G & El 63°52.. Pennsyl gen 4%s.. Keyser () 1s. ... f:fifiiii Genica E;‘ky;vsvfirénsgn '50.. Pennsyl gold 7s Liggett & Myrs 5s. Pere Mrq 1st 4s '56. Lorillard (P) bs... Pere Marq 1st 6s. Lozillard (P) 78. Magma Cop cv 78... Manati Sug st 7%s Marland Oil 7%s Midvale Steel 5s. ... Montana Power 3s. Mor's&Co 1st 4%s. New Eng Tel & N Y Eden st 6% N Y Tel 4%s. N Y Tel 6841 N Y Tel 6549 North Am Ed 6s. .. North Am Ed 6%s. Nor Ohio T&L 65... Nor States Pow 6s. Northwst B Tel 7a. Ots Steel 8s. . Pacific Gas & El 68 Pac Tel & Tel 5s. .. Pacific T & T 5862 People's Gasbs. ... Phila Co 5%s5 '38... Phila. Coref 68 A.. Phil & RAg C&L b Public Service 68 Pub Serv Elec 6 Punta Alegre 7s. s & COSLT5 0 Simctair onew inclair Oil 78 Sin Crude Ol 6% Sin Crude Oil 6s. Sin Pipe Line 5s. South Bell Tel bs. . So Por Rico Sug 7s. Southwest Bell 5 Steel & Tube 7s.... Sug Est Orient 7s.. Tenu Elec Pow 6: Tide Wat Ol 6%s. Union Bag & P 6s.. Unit Drug cv 8 U 'S Rub 1st rf 55, U S Rubber 7%s... U S steel s £ bt Utah Pow & Lt 5: Va-Car Chiem 7s. Vertientes Sug 7 Va-Car Ch 7%ss W Wwarner Sug 7s '39. Western Elec bs..... West'n Union 6% Westinghouse 7¢.. Wickwire Spen 7s. Willys-Ov 6343 '33. ‘Wilson & Co 1st ts. Wilson & Co cv 6s. Wilson&C cv 7%s.. Winchester A 7% Youngsin S & T 6s. CHICAGO, September 22.—Butter | steady to weak; creamery extras, 361 standards, 34; extra firsts, 34 firsts, 32a33; seconds, 31a32%. Eggs steady; firsts, 35a38; ordinary firsts, 31a33. YCentdeb 6s. ... 9 | Y C &St Ldu4s.134 NYChi&SL5 937 103 & 110% Reading gen 4s Reading gn 43%s... RIATk & L 43%s.. St LIM&S 48°29 St L1M&S R&G 4 SIL&SFplisA StL & SF prinb: StL&SF5%4sD. " adj 6s. tL&SF inc 6s. tL&SFplésC StLSW 1stds StLS W con 4s'32. StP & KCShL 4%s. SanA & Arn P 4 cab'd A L 4s sta Seab'd A Liref 4s.. 148 Seab'd A Ladj 5s.. 18 Seab'd A Licon 6s.. 5 Sou Pacific 4s°29.. 117 Sou Pacific ref 4s.. 54 Southern Ry gn 4s. 32 Southern Ry 1st bs Southern Ry 6s ct. Southern Ry €35 Sou Ry Mobile 4s. Third Ave ref 4s. j Third Ave adj 6s. [Tol StL & W 4s Union Pac 1st 4s | Union Pac1strf 4s 30 | Union Pac 4s’27 | Union Pac st rf | Union Pacific cv 6s. 3 | Virginia Ry st 53 . 10 {VaRy & P 1st 5 Wabash 1st 63 Wabash 2d bs. . Western Pacific b Western Md 4s West Shore 1st 4s. Wisconsin Cent 4s. 4 811 FISHER'S PRICE INDEX. Ni "EN, Conn., September 22 ~Last week's pric averag- ed 147 3-10 per cent of pre-war level. i The purchasing power of the dollar | was 67 9-10 pre-war cents. Crumps index number 158 1-10, Irving Fisher reports. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) December 1 s i%s 1158 Maren 15, une 15, 19 Septemb& 15, December 13, March 15, 1926. September 15, 4%s March 15, 1927. “4las December 15, 1027 | 1 i compared with Saturday’s T ables were slightly b | than due, but the tion to trade in advance “rnment reports due tomo market eased off further ng until October trade cember at 2158 and Ja 2 to points be evious close = futures 43 to rots, 100, 3.00a4 00 az.50 rn, doz., 10a3 bu., Eggplants. a8 crate, 1 100 Peppers, Tomatoes packing stock, bu., bbl, 1.50245 ples, basket Watermelons, Settling Pricex on Grain. per barrel; tra HEl tve spot. Hav—Receipts, 50 tons demand prevailing on top grades of resent ap. othy 219.00 light « 2 timotl . 16,00 Da18.00 17.00. t, new, v . 12.00a 13.00a14.00. 1 new,, CHICAGO GRAIN PRICES. “HICAGO, Unfa bi> weather for the crop move the Northwest gave the wh arket an upward tilt today dur the early dealin Prices were strenzthened also by an uptur | Liverpool qu s and by i | tions of_exp. at the board. Demand here, however, | ed volume and gains failed to hold | well. The start, which ranged from to 1% higher, with December 34 to 13212 and May 1.38% to %, was followed by a slig | ther advance and then by a materia etback from the preceding top fig- | | ures. Absence of frost tended to weaken | | the corn market and to ease down | | oats. After opening % to 11 lower, | December 1.06 to 1.06%, corn showe moderate further losses. Oats started at % de equal advance, December Later the market sagged all around Provisions were firm as a result of | higher quotations on hogs. G VHEAT September 22.- September . October . November .. CHICAGO LIVE STOCK MARKET CHICAGO, September (United States Department of Agriculture) Hogs—Receipts, 27,000 head; f: active on desirable grades; 15 to higher: packing sows show 10 to 15 advance; slaughter pigs and lights v big pack- receipts very and choice 160 | 30 pounds, largely 9.90a10.25 choice 250 to 350 pound butchers, 9.75a | 9.90; bulk desirable 140 to 150 pound | £ht, 9.5029.90; packing sows, large- 1y 8.60a8.90; bulk better strongweight pigs, 8.75a925. Cattle—Receipts, 20,000 head; best yearlings and better grades han Weight steers active; strong to higher; mostly 10 to 15 up; weighty fed steers slow; about steady with recent decline; mixed yearlings up- ward to 11.00; some choice yearling steers held around 11.25; best matur- ed steers to shippers, 10.50; killing | quality fed steers run largely medium, to good; shipping demand compara- tively narrow: run includes about 9.000 Western grassers: killers fairly active; steady to strong; kind suit- | able for further finish slow on stocker | and feeder account; fat she stock | uneven; desirable heifers sharing yearling advance; fed cows stron grass kind slow; bulls 10 to 15 highe bolognas, 4.00a4.40; vealers fully| steady; quality considered; bulk to packers, 10.85a11.25; numerous loads Western grass steers to killers, eaily, a7.00. sales fat lambs steady to strong: sorting moderate; bulk fat native: | barre1 s | pat heep—Receipts, 20,000 head; early | ) to Th declarod follow s Ready for Fall Traffic HONEY YIELD HIGH. We Maryland Bees Have Done During Sez son produced | 26 NEW OIL COMPANIES. Tw six w or pares with month of $57,135. mont pital of § the mc capital 2t FLOUR PRICES HIGHER. 22 (Sp ents per ents and cit on Winte » Spring wi d here —An advance on Winter brands, d 1 was cial) mills cents morning. DRY GOODS UNCHANGED. NEW_ YORK, September 22 (Spe- cial).—The zoods markets opened th week quietly today, with no p s of note. Prin cloth quotat stood again at 81, cents for 64 by 60 and 91 for 68 by The raw firm on air business ere were no price increases. new Local Trains Passing Out. With the increase of highway con- struction and perfection of aute Iroad; all parts of the e taking off of their scheda local” tr: whenever motor bus service app adequate and the bus competition has made the trains highly unprofitable. Some roads are buying bus lines and equipment, as busses are cheaper o operate. SHORT-TERM SECURITIES. (Quotations furaished by Kedmond & Co.) Aluminum Co. of Amer. A 1 Co. of Amer. Anerican | American Anaconda Tel. of Canada adian Northern tral of Georgia al Leather os Chi., Mil. & St. Paul Chi.. R. Colimbia Do 12.50a13.00; few to city butcher 13. : choice Washington lambs. 13.00; some held higher: sheep and feedi lambs steady; fat ewes, 4.7 early sales choice feeding 13.00a13.10; solid mouth breeding ewes, 8.2 e Ste *Called Nove: