Evening Star Newspaper, October 16, 1924, Page 27

MOVES ARE MIXED IN STOCK NARKET Selling Follows Effort to| Push Prices Up—Leaders !3};;;‘\9&?& b i 1168 Are Weak at Close: BB 10% 39 80% Adv Rumley.... Adv Rum pt (3). Alr Reduct (15). Ajax Rubber.... 8% Alaska Juneau 1% All Am Cab (6).. 105 Allled Chem (4. 704 | Am Peet Sug (4) *8 |Am Beef S pt (6) 73 | A Bosch 244 AmCan (16).... 1264 Am Car & Fy(12: 164 Am Chaln A'(3). 224 | Am Chicle 0% AmDrugSynd.., 5w Am Express (6). Am&F P 25%(T) BY STUART P. WES Special Dispateh to The Star. NEW YORK, October omewhat improved sentiment wround the Street Wednesday maintained today, but the stock Ket was not attempting to capitalize 10 any extent Price changes were | AMEOLP £pd(7) variable, and amonk individual stocks |47 Hide & Lea... @ few notewor advances occurred, | 4 e & L pr. while at same time one or m,“:;:i‘(g-{‘- cqually noteworthy declines were | | a e hy declines wer Am Linsee m Loy Oil Shares Gain Stowl | Am Moearcss Oil shares continued to be bought |Am Radiator (4) price The most ag- | Am Ry Exp (6) crations centered in Mar- | AmSat R (50c) . Petroleum and Mex AmSm & Re (5). Pan-American B Am Stl Fays (3). and like Texas Co., | Am Sugar and Were quietly | Ara Sugar p ng. The ink. however, | Am T & Tel (3). 1id to information bhand | Am Tobac (12).. erday Iy, that production of AmTob B (12).. rude oil “en going down for | Am Tob pe (¢).. sur ks successively, and that the | Am Water Wks. tatistical situation bad improved | \m Wonlen. ufliciently to induce the big Stand- | Am Writ Pap pt. wrd Oil subsidiary in midconti- | Anaconda .. nt field to reseind restrictive | ATm of Del (1) measur; | Arn Cons & Co Steel Common Above 106, | Azs0 Dry G (6) : Ass0 Ol (1%) ... commion in the day 2ot | \¢70 &' Fe (6) 106, but freely supplied | 36 Biom & AL, . that fig Colorado Fuel | ye1 Coast L. (18 and Iron ran up for a time, but this [ At Guir s W 1 pt was because of oil possibilities rather | & glantie Refin . han becauso of conditions in the steel { xystin-Nicho street was still ponder- | 4 detin.Nie pt (i me ade inithe mid- | £ oot - NICRL(T) res that operations | Bald Loco (7). .. curtailed pending the | Bal & Ohio (5) and that in some es orders | Bal & Oh pf (4). ced carrying the privi- | Barnsdall A > tion af nber | Bayuk Cigar. $45.350 ed by h Nt ¢ and Steel for the third | Eothlenem - Ainst a net profit of $151.- | Beth StIpL (7). wvious quarter and a profit | Bri Edison (8). a year ago had a sub-|Bri-ManTran.. ¢ even although fully ex-|BrMan'T pf (8). 10 Un G (4) Leather Up. IS \]':"T‘:'D[: Smelting on which «! mycte C & Zine. . r dividend is looked for later | putte&Superior. was once more in demand, but|gytterick Co... copper group remained unrespon- | : ‘e to the firmer tendency reported | Caddo CenO & R n the copper metal mark CalEacking\(6). American Hide and Leather pre- |CalPet (13)... crred was bid up over two points on | Can Pactic (i0). he suggestion that something might | Cent Leather Co. at 1 day's meeting | Cent Lea Co pt.. 1bout the recapitalization plan, which | Cerro de Pasco(d) is to clear up the huge accumulations | Chand Mot () .. m_dividends. Ches & Ohlo (4)- The break in Stewart Warner was | Chicago & Alton not unexpected in view of what has | Cbic & Alton . been known for some time regarding | Chic & East 111 earnings. These, it is understood, | Chic Gt West. ... have not sufficed even to cover the |Chic Gt Westpt. duced dends, and further un- | ChMil& Stbaul favorable action at the meeting later in the month is what the market was predicting today Allotments Under Estimates. Allotments were made known on the §110,000,000 German loan, and they proved to be consider. under the lowest estimates trect had been talking about a time oversubscription, which would have | meant an average of 20 per cent for the individual participants. But as it turned out. the allotments in scarcely any case exceeded 10 per cent, and from that ranged down to 5 per cent. Thus, predictions of the bonds being subscribed for 10 times over, which at the beginning of the |com Soly B week had seemed to many rather ! Congoleum (35 .. fanciful, were more than borne out. | Gopley Tin Foil. vidently having been able to fill | Consol CIBar. .-« only a very small part of the demand | Gonsol Gas (8 of “their clients, investment houses | con Gas of B (8) were attempting to make up by buy- | Copsol Textile ing in the open market. While this|cont Can (4) ing w U its the Ger-| Cont Mot (808}, man bonds sold as as 95%, as | Corn Prod (2)... against their issue price. The | Cosden Co. wclling by those who had applied | Crucible Sti (4). merely with a_view to quick specu- | Cruetb Stlpf (7). lative profit began to have more|CubAm Sug (3). cet, and the bonds sagged off again. |Cu Am Su pf (7). C Sug. CLOSE IN UNSTEADY. Cuban Cape Sug’ 15.—The noted w Seaboard, )0 again, osden ers nelair o was 0 its carly was iround nis T fews Lot epublic Iron quarter, 6 th of $1 duing effe pected. Hide and American hizh on, th di Ppt (D). StP Min & O PncuT (5) ... hi Yellow C (4) 100000800 | Colo Southern..... | ColSo1stpf (4). Col G & E (2.50). Col Carbon (4).. Com Solv A (4).. height high Cub Cane Su pf.. Cub Dom Sugar. | 6% :Cuyamel Fr (4). | Selling of Food Shares Marks Last Hour Trading. Iis the Associated Press. - NEW YORK, October 16.—Readjut- ment of speculative accounts imparted n irregular trend to prices in today »k Market. Standard industrials layed a hea tone, while public lities advanced 1 to 2 points. The ew German bonds established a rec- ord high at 95%. Stock sales approxi- ated 600,000 shares. The closing was irregular. _Selling of Brooklyn Union Gas and the food shares featured the late trading. 11% 48 20% 120% 132 109 14% 126 9% 56% 9% 8 26 36% 36% 21 27% 8045 82% 1% 9 71 84% 8 Daniel Boone.... Davidson Chem. De Beers Mines.. Del & Hud (9).. DelL& W (6).. Det Ed Co (8). Dome Mines (2). DuPtdeN (8).. Du Pt de N db (6! EI Stor Bat (4) Eaton Axle & S.. Em Branting pf. Erie. . Erie 18t pt Erte 2d pf. . . Exch Buffet (2). Fairb'ks (2.60).. Famous Pl (8). Fed Lt & Tract.. Fifth Av B (64c) Fisk Rubber...... Fielschman (! Foundation (6). Freeport-Texa Gen Asphalt. 40 Gen Clgar (8)... 89% ! General Elec(8) 244 1arge | Gen K1 spe (60c) 10% . disappointing | Gen Motors. ... b56% Cattle irregular. Hogs | Gon Mot db (6).. 89 Gen Mot pf (7).. 99 40% 65% 29 87% 65% 97n 34 60k 28% 85% 16 69 34% 83% 69% 26% 107% % 6% 38% 24% 23% 101 48% 28% 8% 344 18% 43% 82 29% 13 16% 33 % 19% 54 19% 16% 45 1% T2% 420 4% 60% 62 118% 894 17 87 88 15% Markets at a Glance NEW YORK—Stocks irregular; piv- industrials lose ground. Bonds steady. German loan touches 95%. For- «ign exchanges firm; trading quiet. Cot- ton hi fears tropical storm. Sugar uropean selling. Coffee jower: profit-taking. CHICAGO—Wheat reactionary; receipts. Corn weak; cash demand. lower. FOREIGN EXCHANGE. Goodrich. Goodrich pf (T)s Goodyear pf.... G'dyear pr pf (8) Gray & Davis Gt North pt (5).. Gr Nor Ore (3) Grt Wstn Su (8). Gult Mo & Nor Gul? SLStI (B)... Hartman Co (4). Hayes Wh'l (3). { Houston Oll..... Hud Mot C (3. Illinois Cent (7). Indep Oil (1) . Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr... Int Bus Ma (8).. Int Cement (4).. Int Com Eng (2) (Quetations furnished by W. B. Hibbs & Co.) Nominal Belling checks gold value. today. 8665 $4.49 1m0 London. pound Paris, (ranc Rruesel erlin, Rome.,’ I Stockbolm,” crown By the Associated Press. NEW YORK, October 16.—Foreign exchange firm. Quotations (in United States dollars)—Great Britain, de- ‘mand, 4.48%; cables, 4.49%; 60-day bills on banks, 4.46%. France, de-. mand, .0524; cables, .0524%. Italy, demand, .0436; cables, .0436%. Bel- | Int Mer Marine ium, demand, .045214; "cables, 0433, | Int Mer Mar ot Germany, demand (per trillion), .23%; | Internat Nicke Holland, .3905; Norway, .1414; Swe- | Internaz Feger. . den, .2660; Denmark, .1725; Switzer- | IntT&T (8). - Jand, .1919: Spain, .1344; Greece, .0174; | Intertype (11%4) Poland, .19%; Czechoslavakia, .0298; | Invincible Oll... Jugoslavia, .0141%; Austria, .000014%: | Jones Bros Tea.. Rumania. -0054%; Argentina, .3700;|JordanMot (3). Brazil, .1150; Toklo, .38%; Montreal, | Kansas & Gulf 1.00. Kan City South, Kan C So pf (4). Kayser Jul & Co. | Ke i RATE HEARING OPPOSED. | Kelly Spriee The Balgimore Association of Com- | Keystone T & R. merce today asked the Interstate|KinneyG R C Commerce Commission to dismiss the Kresge S8 (8)... petition of the port of New York and |Kresge Dep Str. New England ports asking for a joint hearing before the commission and | Lebigh Val (3%) the Shipping Board on equalization | Li8 & Myrs B (3) of rail and ocean rates between | Li& & Mypt (7). northern and southern Atlantic ports, | Lima Loco (4)... Loews Inc (2) Lorrillard (3)... McCrory B. . MclIntyre (78¢c).. ey Goes to 1st Cavalry Division. Col. Samuel McP. Rutherford, 6 96 United Staten Cavalry, at Chicago, has e e hoen asisgned to the 1s ry sk Division, at Fort Bliss, Tex, Mg Cppet. . (REG Open. High. 10% 39 804 8% e 1057 7L 1164 58% 331 83 3 244 127 164 116 19% 12 19% 58% 113 19 69 139% 3 244% 107% % 64 38% 24% 24% 102% 48% 29% % S5% 18% 4“4 82 29% 13 16% 33% % 19% 54 19% 16% 45% 1% 734 420 45% 60% 624 118% 9% 17 37 884 15% 96% 102% 33 Low. Olose. 10% 10% 89 80% 8% 1in 105% 0% 116 36 33% a8 72 24% 121% 163' 221 30k [ 12% 118% 135 1 6354 6% 23 17% 6% 4o 80 7 4% 364 42% 867 125% 2% (13 19 12 19% 1% 19 67% 139% 3 66% 70% 83% 8 39 894 241% 10 657 €9 99 40 55% 28 87% 66% 9% % 60 28% 85 16% 6T% 34% 2% 69 26% 107% T 6% 38% 24% 23% 101 48% 28% 8% 84% 1% 484h 82 29% 12% 16% 32% 4 19% 54 19% 16% 4% 1% 72% 420 4% 60 61% 118% 59% 1674 86% 88 15% 95% 102% 82% 89 80% 8% 1w 10%% 71 116 56% 72 5t Mallinson & Co.. Manati Su pf (3 Man El Sup (4).. Man El md gd 4. Manhat-Shirt (3) Maracaibo Oll... Mkt St Ry prpf. Marland Oil. Mathieson Alk Maxwell Mot A.. Maxwell Mot B. . | Mav Dept St (5). 24% | Metro Gold pfd. . 125% | Mex Seabd (2 1634 | Miami Cop (2) 22% Middle Stoll 30% | Mis Kan & Tex |Mis K& Tex pf.. 1124 | Missour] Pacific. 114% | Missouri Pac pf. 11i% | Mont Power (4). | ontgom Wara 10 | Spicer Mf pf ( Moon Mot (3) . Mother Lode 760 Nash Mot (110). ash Mot pf (7). at Biscuit (14) al Cloak & Sult Naut Dept Stores. NatEn&8t..... Nat Lead (8).... t Ry M 2d pf.. at Supply (3).. Nev Cons Cop. .. N Or T&M 123%. IN Y Air Br (4) NYABra@).. \ Y Central (7). Y C & StL (6). YC&SIL pf (6). NH & Hart Y Ont & West. | N Y Shipbldg (1) gar F pf 1%. rt& W (18). . North Am (2.40) orth Am pt (3). North Pac (5)... Ontarlo Mining. Orpheum (1%). . is Elev (n) (4) Otis Steel . Owens Bol Pac Coast 1st pf. cG&E (8)... acific O11 (2)... ckard (11.50). Amer (4).. mer B (4). Parish & B stpd. Penn Railrd (3) Penn Seab Steel. Pecp Gas Ch (7). Pere Mara (4)... aCo (4).... Phila Co pt (3).. Phila&R&L.. Phllip Morris Phillips Pet (2). Pierce-Arrow... Plerce Oll. Plerce Oil pf.... Pitts Coal (4)... Pitts Ut pf (1.20) Pitts & West Va. Pitts & WVarts. P& W Vapf (6). | Postum Cer (4. Prod & Refine: Pub Ser NJ (4). Public Serv rts.. | Pub 8 NJ pt (7). Fullman Co (8). Punta Al Su (5). Pure Oll (13)... Pure Oil pf (8).. | Radio Corpof A. Radio Crp pf (7) Ry Stl Spg (8) Ray Cons Cop ading () Reading rta. Read 1st pf ( Remington Type Replogle Steel. . Rep Ir & Steel Rep1& S pf (7). Reyn'ds Spgs (1) Rey Tob B (3) Roy Dth (4.42%) Rutland pf...... St Joseph Ld (2) St LSan Fran... St L San F pf (6) St L Southwest.. t LS'th pf (5).. uvage Arm: Schulte (8)..... eaboard AlrL.. Seab'd Alr L pf.. Sears-Roebk (6) Shell Un Ol (1) Simmons Co (1) Simms Pet...... QUnclair Ofl. ... Sinel'r O pf (8).. Skelly Oil. Sloss-Sheft South Pac (6. Southern Ry (§) Spicer Mfg. . = Std Gas & El (3) Stand Mill (5) St ol Cal (2). StOIINT (1).... StOil NI pf (D). Stand P1G1 (3).. stew't Warn (§). Stromberg C (8). Studebaker (4).. Submarine Boat. Superior Oil. Tennessee Copper Texas Co (3).... Tex G Sulph (1) Texas & Pacific. Tex & PacC & 0. Tide Wat O1l (4). Timken (13%).. Tob Prod (8).... Tob Prod A (T).. Transcout Oil. .. Transue & W (3) Un Bag & Paper. Un Pacific (10).. Un T Car pf (7). Utd Alloy Steel.. Utd Cigar (8%). Un Cig St pf (7). nited Drug (8) Utd Fruit (10). . Utd Ry Invest... Utd Ry Invest pl U 8 CastlronP. U S Distributing S Hoff Mach.. Ind Alcohol. R&Im(8).. Rubber..... R 1stpf (8). S Smelting. U S Smt pf (3%) U SSteel (16%). U S Steel pf (7). U S Tobaoco (3). Utah Copper (4). Utah Securitles. Vanadium Corp Van Raalte. ... Va Ir C&C pf (5) Va Ry & Power. Vivadou: ... s s s s u U U u u u Wald Sys (1%).. Web & Hellb(1). Wells Far (2%). West Pen (4)... ‘West Maryland. Western Pacific West Un Tl (7). Wert Alr Br (6). West E& M (4). Whi & L Erfe. .. Wh Eag Oil (2), White Mot (4)... Wickwire Sp 8tl. wilson & Co. ... Willys-Overl'd. . Willys-Ovd pt Woolw'th n (3). Worthing P'mp. Wrig W Jr (3).. Yellow Cab (8).. Partly extra, Dividend ra STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 16, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Oper. High. Low. Olose. 21% 78 43 46 212 8 3 46 34%- 85 26% 43% E L) 33 59% 18% 94w 15% 23% 21% 1% 14% 43% 19 9% 26 48 125% 11% 584 19% 85 40 10% 43% 85 15% 5% 41 53% 324 29% 68% 39 68 60% 106% 14 25% 103% 17% 30% 15% 16% 117% 161 b4% 624 384 KL ) % % 40% 6% 83 9 118% 35 68% % 4 29 37% 186% 112% 21 51% 116% 91 200% 19 43 109 29% 22% 92 32% 85 33% 44 105% 122% 52w 8 26% 4" 84% 33 594 18% 045 164 23% 29% | 22% 16% 65% 104% 3% 42% 61 $Payable in given 1 6% 66 104% 3% 42% 51 iy 2ik 78 43 45% 4% 26% 48% 83% 83 b8k 18% 94 15 28% 20% 1% 14% 43 18% 62% 65 354 21 34% 63% 1ty 4 29 37% 136% 112% 21 51% 116% 91 200% 19 43 108 29% 22% 68% 92 82% 85% 324% 44 105% 121% 52 78 30 22% 15% 76 59 8 14% 4% 16 14% 9% 84% 10 21 110% 92% 61 1% 24% 6l 1 b 7% 633 103% 365 62 73 20% 76 59 8 14% 41% 15% 14% 9% 844 10 21 110% 92% 61 11% 24% 60% 3 5% 7% 6344 108% 6% % ey 50 &ox ferred stock. above table the anoual cash payments based on the iatest quarterly or half-yearly declarations. Unless _otherwise noted, dividends are pot imcluded. extrs or speclal Maj. Westover on Detail. Maj. Service, Oscar Westover, has been detailed as com- Army Air mandant of the Alr Service Tactical School, Langley Field, Hampton, Va., Harry Graham, Alr vice Lient. Col. Service, relieved. {today was up % | course all | | Government obligation, refl GERMAN BONDS HIT NEW HIGH RECORD Reach 95 5-8 When Profit Taking Causes Slight Price Reaction. BY GHORGE T. HUGHES. Special Dispateh to The Star. . October 16.—The new held the center today’s trading. Clos day at 9%, the first sal point, at 95%, where they Sve the offer- At this point offerings in- and the quotation reacted to ith another upward turn 7 to 11 German bond. of the stage | ing Wedne| with @ rapid_rise are selling ing price. reased, below later. varied from 7 per The bankers attempted to favor the small investor: Boud Opinion Divided. Opinions as to the future market of the German bonds were divided. The fact that they practically a first mortgage on German resources was advanced as the reason for expecting still high er prices. Against this it was argued that other foreign bonds offercd a more attractive vield at present mar- ket prices There was other forelgn most part widely are not much change in bonds today. For the however, the trend was upward, inancing took the form of $5,000,000 City Columbia, 8s offcréd at 98 to yield 8.20 per cent. A flood of foreign offerings is anticipated. ‘Treasury 4%s at New High. Among domegtic bonds the feature was _another new high record for the Treasury 4%. While the Liberty loans were fiem or slightly higher the Treasury 4% made a shar Buying of this issue, the longest term ¢ ts bank- ing opinion that easy money will pre- vail indefinit At today's quota- tion the Treasury 41;s yield 3 per nt to the optional redemption date. Dealers reported better demand for high grade rails and industrials in the outside market although quota- tions on the exchunge were practical- ly unchanged. Recovery in Rails. Some recovery was in evidence in speculative rails, such Missouri, Kansas and Texas adjustments and St. Louis-San Francisco income 6s Missouri Pacific General 4s rallied fractionally In industrials Warner Sugar both issucs, wer w agani, but bonds of igar- producing companies were higher. A buying movement appeared in United States Rubber bs. Sinclair Oil 6'.s and s did better, Today's new offerings Included $1.650,000 Mobile and Ohio equipment trust certificates to yield from 4.00 to 4.50 per cent. GERMAN LOAN SUCCESS SURPRISE TO BRITISH Faith in Dawes Plan Given as Reason for Supplying of Funds to Germary. By the Associated Press, LONDON, October 16—The rema able success achieved in floating the Hritish portion of the German loan yesterday forms the chief topic this morning for all the fin: 1l editor: who agree that the 000 wa probably subscribed five times over. Some report that it was commonly ex- timated in the money market yester- y that the BEritish covered 10 times. This eagerness to subscribe is garded as especially noteworthy view of the existence of comsiderable aversion to lending money to Ger- many, and the fact that this had no adverse effect is attributed in some quarters to profound faith in the Dawes plan as a means of rescuing Europe from her troubles. RUHR COAL SYNDICATE ALLOWED $2,500,000 By the Associated Press. NEW YORK, October 16.—An ac ceptance credit of $2,500,000 has been granted to the Ruhr Coal Syndicate by a banking group headed by Gold- man, Sachs & Co., to financ the exportation of coal. The credit, al- though small, is considered signifi- cant, as it will aid in finfiancing some of the opreations of large German industrials whose properties are in the area and probably forecasts, it was_€ald, participation by American bankers, In financing other major European industries. $500,002 FUR SALE. ST. LOUIS, October 16.—Approxi- mately 18,000 Government seal, fox and other skins were sold at auction here yesterday by the Fouke Fur Company at the International Fur Exchange for $500,002. Prices paid were from 5 to 20 per cent higher than at the March sale in New York. Interest centered in 2,000 sealskins finished in golden russet, which sold for a total of $9.533, or an average of $47.66 a pelt. Black died sealskins averaged $25.96 apicce. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———Noon.- Bid. 100 132 00 633 slice re- —_— Ofter. December 15, 1924 100 3.3 December 1 March 15, March 13, June 15,1 Beptember 1 ) 1015 09 31 101 19 102 116 013, o 10213 March 15, December ' 1 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon.—, Bia. Offer. Aluminam Co. of Amer. 7s 1025, 1004 1084 Alominam Co. of ‘Amer. s 1933 1034 1073 American Sugar 68 1037 100" 166 American Tel: & Tel. 68 1925, A Anaconda Copper Ge 1929 ioddg Angio American 011 Thys i Associated Oil 6s 1035 Tiell Tel, of Canada Central of Georgia 6a 1929, Central Leather 5s 1 : Chis il & St Paul 8a 19340 oty R 1. & Pacific 5iga 1926, 1 Columbia Gas & Rl 1si. 56 1927, Continental Gas & B. 0s 1 Du Pont Ties 1931..... Pederal Sugar Ref. ‘Gs i Fieher Body Corp. va 1 Flsher Body Corp. Us I Govigear T, & K. s 1831.... ] Gteat Northern 7a 1036, 11 Goit oil Corp, of T, G156 1028 1 ble Oil 5%s Ty Corp. a6 h Pw. & Sev. a's B, M. Gigs 1931 1630, 1011 10014 1o 1001 o7 1014 ft & Co. 08 193 < g‘lgt'nu 0il 6lgs 1031, Unlon Tank Car 7 1830. U, §, Rubber 738 1980. Western Union 8i4s 1036 Westinghouse E. & M. T Wheeling Steel 6s 1926. " STOCKS EX-DIVIDEND. Date. Corporation. Oct. 16—Haternat. Nickel Co. Oct. 17—Amal. Sugar Co. —Am. Smelt. & Oct. 18—Bxchange Buffet Corp. ... 5o Octolf—ioose-Siiles Bibe Con 24 Dlaea 173 [} of Bogota, | likewise | had been | 1014t | 1924. | NEW YORK BONDS STOCK EXCHANGE Received by Private Wire Direct to The Star Office. UNITED ETATES BONDS. (Bales are ia §1.008.) Sales. High. Zow. Cless. Lib 3%s......1170 10029 100=27 100-29 Lb1s-2d 4%s. 10 102-10 102-10 102-10 Liblst €5s... 56 10214 102-7 10210 608 10118 101-12 101-15 298 102-4 102 102-3 966 10218 102-9 102-12 216 106-15 106-10 106-15 FOREIGN. Sales. High. 81 94 1024% 94% 100% 97l 110 2 88% 83% 967 103% 102% 104% US4xs1982,. Low. Close. 81 94 102% 94% 100% 97 110 92% 884 83% 96% 103% 102% 104% 97% 103% 4l ut 5% L 96% 101% 101% 100% 1 20 89% 9% 95% 102% 101% 105% 94% 2% 83 87% 100% 82 1% 84% £8% 884 344 90% 100% 98% 884 95% 98 134 7% 80% 93% o1 103% 94% 84% 96 101% 924 58Y 105% 100 64% 110% 106% 93 105% 12 Argentine 6s. Argentine 6; Argentine 7 Austria7s... Belgium 6s. . L Belgium 6%4s wi.. 151 Belgium T%s. . 96 Eolivia § 12 Bordeaux 13 Brazil 7s 8 Brazil 8s. 10 Canada §s 1963. 43 Canada b8 1931 2 Canada 618 19 “hile 78 1943.... Chile 85 1926 Chinese Gov Ry 58 Christiania 8s. Copenhagen 3. . Cuba 5144 Czecho 85 1 “mecho 88 1963 ct. Denmark 68 Denmark §s. Dutch E I 5%/ DEI6%sct. 83 7 17 1 Dutch East El Salvador French Govt 7% French Govt < Germany 7s w i..4 Haiti 6s..... | Holland-Amer Hungary 6%4s. Ttaly 6% 5 1926. Japanese 4s Japanese 61 Jergens U M 6s 96 102% 101% 106% 9% 92% 83 87% 100% 82 9% 84% 884 88 34% 90% 1004 984 98Y 8 98 112% 7% 803% 934 9078 103% 94 "y 96 100% 9215 88ls 1054 99% 64k 110% 105% 93 Marseilla 68 Mexico bs a; Montevideo 7 Netheriands 65 '54. 2 Norway 63 1943, Norway 6s 1944. Norway 6s 1952, Norway 8s....... Orient Dev deb 6: Paris-Ly's-Med Paris-Ly's-Med Prague 7%= Queensland 6s. Rio de Jan 83 1946. Rio de Jan 8s 1947, Rio Gr Do Sul 83 o Paulo Stat, Tokio 5. Ud Kingm & 614 110%, 105% 93 105% 105% 1z 12 MISCELLANEOUS. Ajax Rubberss... 2 93 Amr AgrChem 753 28 95 Am Repub deb 6s.. 4 92 AmSmIt&R 1st 53, 30 95 AmSmit &R 6s... 12 105% {Am Sug ret 6s..... 42 1004 AmT& Tcltrs.. 20 §Th AmT&Tcltrds... 6 101% AmT & Tdeb5%s. 71 1023 Am Water Wks 6s. Anaconda Ist 6s... | Anaconda cv db 7a. { Armour & Co 4% Armour of Del 5 %8 | Associated Oil 6s... Atlantic Refin 6s.. | Barnsdall st 8s. | Bell Tel Pa §: | Beth Steel pm | Beth Steel rt & Uruguay 8s Zurich 8s. 93 4% 93 o4 92 94% 1055 100% 7% 101% 102% 924 7% 99% #54% 90 1015 98% 103 101 Beth Steel 5%s '63. Beth Steel s £ 6s... Brier H St 18t 5148, Bklyn Edison 7s D. Bush T Bldg s '60. Calif Pete 6%s. ... Central Leather &s Chile Copper 6s.. . Col Gas & El 53 sta | Commonwth P 6s. Con Coal Md 1st 5 Cuba Canecvd Denver Gas 5s Det Edison ref 6 Donrner Steel 7s.. . Du Pout de N 7%4s. Duguesne Light 6 Est Cuba Sug 7% Empire G&F 7% Fisk Rubber 8 Gen Elec deb b . | Gen Refractres 6s. Goodrich 6% s Goondyear 83 1931.. Goodyear 8s 1941. Hershey 68 1942.... Humble O&R 5i4s. Illino!s Bell 1st Illinois Steel 4348 Int Mer Marine Inter Paper 53°47... KCP&Lt6sA'S2 Kan G & El 68'62.. Keyser (J) T . Lackawa S 65°60.. Liggett & Myrs bs Liggett & Myrs Lorillard (P) b= Loriilard (P) 78 Magma Cop cv 7 Manati Sug sf 7%8 Marland Oil 8531 | Mexican Petrol 8s. Midvale Steel 68 ¢ Mor's&Co 18t 4%, New Eng Tel b N Y Eden 1t 6%s.. Pacific Gas & El §s Pac T & T 18t bs. Pan-Amer Pete 7s. Phila Co 6% '38 Phila. Co ref 68 A Phi! & Rdg C&I 68 Pierce-Arrow 8 Public Service Pub Serv Elec 6 FPunta Alegre 78 Saks & Cos£T3... Sinclair OllI :*l Sinclair O1l 78 Sin Crude Oll 5%s. Sin Crude Oil 6s.., Sin Pipe Line 6. South Bell Tel §a.. Southwest Bell b, Steel & Tube 7 Tena Elec Pow Tide Wat Oll 638, Toledo Edn 1st 7. Unit Drug cv 8 U S Rub 1st rf U S Rubber 7%s. U S Smelter 6s... USstec s £ 58, Utah Pow & Lt&s.. 8 va-Car Chem 78... 2 va-CarCh7%ssw 5 warner Sug 78 28 warner Sug 78'41. 28 estern Elec bs. ..118 est’n Union 6% Westinghous Wickwire Spen Willys-Ov 6% Wilson & Co 1st 4s. Wilson & Co cv 6s. Wilson&C cv 748, Winchester A 7% Toungmn S & T SLIGHT DROP IN TRAFFIC. NEW YORK, October 16.—The Chi- cago, Milwaukee and St. Paul Railway handled 72,17 revenue cars in the firsg 11 days of October, a decrease 6% 524 under the corresponding pe- riod last yeat. RAILROADS. Sales. High. Low. Close. 82% R2% B2% 9% 89% B9% 9% 1% 7% 87% $8% B5% 9% 102% 100% . 10 Balto & O 1st 6s ct. 46 B&O B&Orfimp B & O PLEWYV 4 Bklyn-Manhat Buff R & Pitt 4%s. Canad North ¢ % Canada North 7 Canad Pac deb 4 Car Clinch & O bs. Car Clinch & O & Cent of Ga 5%s. Cent of Ga 6. Ches & O cv 4. . Ches & O gn 4%s.. 34 Ches & Ohio cv b: Chi & Alton 3s Chi & Alton 3% Chi B&Q 1at rf bi Chi Great West CM & Puget Sd 4s ChiM & St P ds'2§ 36 Chi M&St P 4s'34.. 8 Chi M&St P cv 434m 21 CM & St P gn 4%; ChIM&StPrfd ChiM & St P ChIM & 8t P CCC &St L s CCC&StLrt Cleve Term b: Cleve Term 5%s Colo & Sou 4% Cuba R R 6 Cuba R R 7% Del & Hd 1st rf 4. Del & Hudson § Des M & Ft D 4s Det United 4% Erfe 1st con 4s. Eric gen 4s Erie conv 4s B. Erle conv 4s D Erie con ext 73 Erie & Jersey 6: Erie GenesseeR 63 8 Erie (Pa) clt t1 48 Gr Trunk st db 6: Grand Trunk 7 Great North b Gr North gen %3, Gr North gen 7a Green B & W db B. Havana ERL&P 58 Hud & Man ref bs. Hud & Man aj 68 11l Central ref 4s.. 111 Cent ref 55 111 Central 5% Int Rap Tran bs. int Rap Tr 5s stpd. 30 Int Rap Tran 6i 21 Int Rap Tran 7 2 Int & G Nor 1st Int & G Nor aj 6s.. Lake Shore 4s ‘28 Lake Shore 48 31. Iowa Cent 1st b: Kansas City S& Lehigh Val cn 4 Louis & N uni 48 f.ouis & N 6s B. Louis & Nash Manhat Ry cn Market StRy 78 . 28 10 18 10 10 St a Mo Pacific gn 48 Mo Pacific bs ‘66, Mo Pacific 68 Montrl Tm 1st bi Nassau E Ry 486’ NewOr Term 4 O Tex & M Inbs. N O Tex & M 548 N Y Cent gen 3%s, 98 944 62 8l% 91 991 i) 94 99% 1063 98% 94% 103 6% 86% 8612 36% 36% b2% 90% 122 61% B85% 107% 101 97% 934 1084 11033 109% 0% 95 3% 82% 0% 92% 83% 0% 864 934 78% 694 101% 85% 78% 101 9% 72% 564 8i% 97% 844 20% 74% 100% 102% 106% 55 437% 82 Ny 99 104% 5% 924 100% 95% 63 . 82 90% Whel & LErf4%s 1 64% Wisconsin Cent 4s. 4 80% JECE PP = ) @ k9 C&StL Chi&SL6% C&StLésA New Havencd 6s. New Haven 78 NYOnt& W ret ¢s New York Ry rf 4s Y Ry rf 4sctfs.. N Y W & Bos 448 Jorfolk & W cn Northern Pac 4s Northern Pacri6s Ore & Calif 1st 5s. Ore Short L ref & Pennsyl gen 4 %8, Pennsyl 6%4s. Pennsyl gold Reading gen 4. Reading gn 4% Rio G West 1st Rio G West cl 4 RIATK& L 4% StL&SFprinbs. StL&SF6%sD StL&SF ad) StL&SFInc StL&SFplésC StLSW con 4s°33. StP & KCShL 4% StP UnDep 6% San A & Arn P 4a. Seab'd AL 4s sta.. Seab’d A L ref 4 Seab'd A L con 68 Sou Pacific 48 '29. Sou Pacific ctl 4 Sou Pacific ref 4s. Southern Ry gn 4 Southern Ry 1st b8 Southern Ry 6s ct. Southern Ry 6% Third Ave ret Third Ave adj & Tol StL & W 48 Unlon Pac 1st 45, Union Pac 48°27. Union Pactfic cv 68 virginia Ry st §s . Va Ry & P 1st bs. 3% 784 6844 1017 85% T8Y% 100% 79% 72% 56l 80% 974 844 89% 744 1004 1024 108% [ 4254 82 ol 99 104% 96K 9215 100% 96% 624 0% 90% 64w 64y 0% 80% SUES U. S. FOR $40,000. Industry Wants Payments ‘Wartime Work. The Butte Central Mining and Mifi- ing Co. of Boston has filed a peti- tion in the District Supreme Court for a mandamus to compel Secretary Work to adjudicate its claim against the Government growing out of the operation of a plant to develop manganese during the war. The company contends its opera- tions resuited in a loss in_excess of $40,000, and the Claims Commission made it an allowance, but on appeal the award was not affirmed. Attor- neys Whelan & O'Connell appear for the company. 7% 845 89% 7414 100% 1024 106% 1] 4“ 82 91% 99 104% 954 24 100% 86% 623, for BOND ISSUE PLANNED. The Mobile and Ohlo today applied to the Interstate Gommerce Commis- sion for authority to issue $1,650,000 of 4% per cent equipment trust certi- ficates. Proceeds will be used to pur- chase five locomotives, 535 box . cars, 150 stock cars, 350 coal cars, two ooaches, three express cars and a mail-baggage car, the total cost of wrhich will be $2,085,87%, FINANCIAL. COTTON FUTURES GO HIGHER TODAY Market Shows Better Tone on Re- ports of Larger Trade Demands. By the Associated Press. NEW YORK, October 16.—The cot- ton market followed a somewhat bet- ter tone in today's early trading on reports of increased trade de- mands, or spinnerd calling, ' and covering on expectation of rallies after yesterday's decline. The opening was firm at an ad- vance of 11 to 34 points. After slight irregularity, active months sold 26 to 37 points net higher, December ad- vancing to 22.61. October was rela- tively easy owing to the issuance of notices, but held a premium of about 79 points compared with 88 points at the close yesterday. Private cables reported a quiet market in Liverpool with the under- tone steady. New Orleans Quotations. NEW ORLEANS, October 15.—The cotton market opened firmer despite slightly lower Liverpool cables than due. First trades showed gains of 14 to 22 points. Price continued to gain during the early trading De- cember advancing to 22.24; January to 22.29, and March to 22.70 or 20 to 33 points above the closing levels of terday. The rally was due mainly to technical condltions, particularly the oversold condition of the market. Fear that the tropical disturbance may enter the gylf and cause heavy rains and gales helped the advance. CHICAGO LIVE STOCK MARKET CHICAGO, October 16.—Hogs—Re- ceipts, 24,000 head; largely 10 to 20 lower than Wednesday's average, or lower than best prices; packing sow and killing pigs show minimum losses; light lights, mostly 25 to 35 off; dec mand narrow: top, 11.00; bulk good, and choice 190 to 325 pound butchers, 10.50a 10.90; majority better, 140 to 160 pound averages, $.75a9.50; bulk packing sows, 9.60a9.90; better 120 to 130 pound slaughter pigs, largely 8.00a8.50. Cattle—Receipts, 11,000 head; better grades fed yearlings, firm; others steady to weak; weighty steers, lifeless; killing quality, plain, bulk of quality and con- dition to sell at 8.50 to 10.00; few above 10.25; early top vearlings, 12.35; some held around 1250; numerous loads youngsters, early, 11.50a12.25; no western grassers here; cows of value to sell at .00 downward in demand at firm prices better grades lifeless; most bologna bulls, 0a4.00; mostly 10.00 market on veal calves; stockers and feeders compara- tively scarce, in fresh receipts, steady: bulk, 5.75a7.00; well bred yearlings in broadest demand. Sheep—Receipts, 19,000 head; fat lambe fullly steady, sorting about like Wednesday: bulk, desirable natives, | > 'few to city butchers, up to ulls, 10.00a10.50; early bulk | 3.35a13.50; bulk ewes, bs strong; early Wedpesday choice feeding lambs, 13.40; full mouth breeding ewes, 7.0045.00 GRAIN AND PROVISIONS. BALTIMORE, October 18 (Special). __Potatoes—White. 100 pounds, 50a 1.50; barrel, 2. sweet potatoes. barrel, 1.50a3.50. Yams, barrel, 3.00a 3. Beans, bu:hel, 1.00a140. Beets 00a5.00. Broccoli, bushel, 40a e, 100, 2.00a5.00. Carrots, 100, s bushel, 50a60. Cel- a2.00. Corn, dozen, 15 Cauliflower, crate, 2.00a3.25. | basket, 75a1.00. Lettuce Onions, 100 pounds Peppers, basket, 40a basket, 25a35. Pumpkins {100, 5.00a15.00. Tomatoes, basket, 40 afs. Packing stock, bushel, 75a1.00. basket, 50a60. Apples — Barrel, 2.00a5.00; bushel al75. Grapes, basket, 1.00al.10.] 125a150; bushel. | basket, 15a: | a20. | Ezgplants, bushel, 7542.00. Spinach. | i Selling Price at Noon. | 2 red Winter, spot, red Winter, garlicky, | red Winter, gurlicky, | per barrel; track . 1.30. rel; old white, 6. corn. vellow, No. Sales—None. Oats—No. 2 new, 61 and 62 bushel; No. 3. 60 and 61 Rye—Nearby, 1.10a1.20; spot, 1.423% Hay—Reoceipts, 107 tons. The sup- ply of hay on sale is more than am- ple for present trade wants and | prices on medium and low grades are | in the buyer's favor. A call is heard for the better grades of timothy. Quotations today: No. 1 timothy, 21.00; No. 2 timothy, 19.50a20.50: No. 3 timothy, 17.00a18.00; No. 1 light clover, mixed, 1850a19.00; No. 1 clover, mixed, 17.50a18.00 1 wheat, per No. 2 rve, new, 12.00a e DAIRY PRODUCTS. BALTIMORE, October 16 (Special). —Live poultry — Spring _chickens. pound, 21a27; Leghorns, 21a24; old hens, 17a27; Leghorns, 17als; old roosters, 15a18; ducks, 17a23; pigeons, pair, 20a25; guinea fowl, each, 40a80. Eggs—Receipts, 765 cases; native and nearby firsts, free cases, dozen, offered 48: bid, 46; quotations, 6. Butter—Creamery, good to fancy, pound. 40; prints, 40a42; nearby | creamery, 35a36; ladles, 30 store packed, process butter, 34. CHICAGO GRAIN PRICES. CHICAGO, October 16.— Although the wheat market today opened at the highest price which the December delivery had vet touched this season, heavy profit-taking sales quickly brought about a decided setback. The initial upturn was due to higher quotations at Liverpool and to fur- ther drought complaints from Ar- gentina. Advices at hand ‘said that owing to drought and frost the A gentine crop could hardly exceed per cent of last years total. Open- ing prices, which varied from the same as yesterday's finish to 1 cent higher, with December 151% to 1.52% and May 1.56 to 1.56%, were followed by a general downturn that in some cases went 3 cents under the earlier top level. Corn and oats declined as a result of fine weather and lack of support. After opening at % Off to an equal advance, December 1.13% to 1.14, corn showed losses of more than 2 cents. Oats started unchanged to % higher, December 56; later all months underwent a material decline. Rapid disappearance of stocks of lard gave firmness to the provision market. WHEAT— Open, 138" . 137% .. 1.13Y Sass TN S = 156! 1% ng 116 ‘WOOLEN PRICES HIGHER. NEW YORK, "October 16.—The American Woolen Company has ad- vanced prices of all-worsted and wool and worsted goods in men's wear de- partments from 21 to 25 cents a yard, bringing quotations close to the basis of today's market. This is the second advance on all-worsted goods and the third advance on mixed wool and > worsted goods since the opening. [} LAND BANK BONDS 0T ON EXCHANGE New Potomac $500,000 Is- sue Placed on Sale Here Today. BY CHAS. P. SHAEFFER. Bonds of the Potomac Joint Stoch Land Bank were admitted to tradin: on the Washington Stock Exchang this morning. Par and a half was offered for the security with 102 “asked.” A new issue of $500,000 of 30-veus 5 per cent bonds of the institution dated October 1, 1924, was o morning through Brooks Company at 102 and accrued interest to_yield 4.75 per cent to October 1 1934, and 5 per cent thereafter. Cou pons are payable at Riggs National Bank The bonds are a dircct obligation of the Potomac Joint Stock Land Bank chartered May to aid agricu tural interests in Virginia and Mary fand. They are exempt from Federa! State, municipal and local taxation, and act of the Maryland legisla ture are legal for public money sub- ject to investment in that State. They are secured by approved first mort- gages not exceeding 50 per cent of the appraised value on improved farms in the district it serves, and 20 per cen of the insurable improvements there- on. The bank had total resources of $2 22, 5 on October 11, 1924, accord- ing to statement made public by George A. Harris, president of the in- stitution. The statement follows b: ASSETS LIABILITIE an bonds aut ates. bonds borro: interest on farm loan for interest” coupons payments paid “in T 20,000 00 E < 2656 Carroll Pierce, vice president and cashier of the Citizens' National Bani of Alexandria, has been added to th directorate, President Harris also arn- nounced. Local Exchange Quiet. Trading on the Washington Exchange slumped appreclab volume this morning, one of th lightest sessions of the year being re- corded. Prices were unchanged. Railway common. while i widened the spread in “asked” prices, a margin of 615 points now being the diff h 793 offered and $6 asked. Railway pre ferred sold to the extent of a singi share at 79, Nationai Mort age and Investmen® preferred was er at 9 on sale 56 shares, and Capital Traction stoc. changed hands at 92%. KILLS SELF FOR LOVE. Girl Takes Life as Lover Doubted Called. October factory worker, con in_ her o here yes one hand was found her photograph and in th in which she explained that her love was not returned, and which she bade him good-bre. He brother found her after breaking the door to the gas-filled m. At almost exactly the time the gir took her life the man to whom she bad good-bye in her note, Harves Chase, a law student, stood at the door wait- ing for her to answer the bell. 1l turned away when he received D Te #ponse 1o his r.ng. She Mass 18 Edit} mitted other a note. RAW SILK CHEAPER. ¢ YORK, October 16 (Speciai —Cotton goods markets reported cor ditions quiet today. with no marked price changes. Print cloth quota tions stood at 81 cents for 64 by 60 915 for 68 by 72. The raw sili markets were a little weaker. de clines of 5 cents a pound being re corded throughout the Japanese list with few buyers. NEW YORk EGG PRICES. W YORK, Octo Sggs receipts. 18 Near- whites, selected extras, 0: ne Western hennery average extras, by clogely Coast ¢ 5 firsts to extra firsts, erator extra firsts, 39a391s; do., firsts, 37%a38 . DIVIDEND DECLARED. NEW YORK er 16 —The Clinchfield Coal Corporation today dv- clared a dividend of $1.50 on the com- mon stock, pavable November 15 to stock of record aber 10, and the reguiar quarterly dividend of § the preferred. The last previous di dend payment on the common was of 1 per cent on May 15, 1 In Sep tember, 3 per-cent was paid PARIS MARKET UNEVEN. PARIS, October 16.—Prices moved irregularly on the Bourse today. Three per cent rentes, 50 francs change on London, 86 francs © centimes. Five per cent centimes. The dollar was quoted at 19 francs 15 centimes loan, 62 francs, 30 DIVIDEND DOUBLED. ' NEW YORK, October 16.—Direcfors of the New York Shipbuilding Corpo- ratfon today declared a dividend of $3 double the amount authorized on No- vember 6, 1923, which was the anly payment since the dividend was omitted on August 28, 1922. Tt is pay- able November 6 to stock of redprd October 2 SURPLUS CUT $4,000.000. NEW YORK, October 16.—The Chil Copper Company reports surplus o $5,395,588 for the six months ended June 30 after taxes, interest and de- preciation, about $4,000,000 less thaw a year ago. o= PIG IRON FROM INDIA. NEW YORK, October 16.—A ship- ment of 2,000 tons of pig iron from India is expected to arrive in New York today or tomorrow. This ton- nage has been sold in eastern dis- at slightly below domestic BUTTER PRICES LOWER. CHICAGO, October 16.—Butter low- er; creamery extras, 37%; standards, 35%; extra firsts, 35%a36%%; firsts, 323;a34; seconds, 31a31%. Eggs—Unchanged; receipts, 3,783 cases. LIVE POULTRY LOWER. CHICAGO, October 16—Poultry— Alive Tower; fowls, 16a22; sprigge, 22%; roosters, 16; turkeys, 25, »