Evening Star Newspaper, October 17, 1924, Page 28

JSREN ¥ PRICES ARE STRONG * INFINL TRADING !}ternoon Advances Cover rc,‘ Wide Range—Coppers ) Fail to Move. ! BY STUART P. Special Dispateh to The Star NEW YORK, October 1 “The bet- ter feeling which had lain beneath th surface of Thursday's stock marl came out more courageously into the open today It was not a market in Which particular efforts were being made to put prices up. Rather it was @ case of a ready demand for stocks ‘s they were offered at gradually ris- ing quotations. From th bullish ~tandpoint, the market had an en- couraging look from the outset. The political situ:tion was again principal consideration. Stocks Move Up Laxily. The ease with which leading stocks like American Can and Baldwin Loco- motive recovered the ground lost the previous day, was the first incident pressing the stry Second was the steady absc “nited States Steat anmme semed to sup- port widespr at de- Veropaio wt dividend meeting 4 week from Tuesday will be favor- able and that the rterly earnings statement will e regular and tra dividend covered. The third was the resumption of operations for the rise in a variety of stocks where speculative syndicates had been ac- tive earlier in tl Railroad Shares Strong. Shares of the western carriers were consistently strong. Atlantic Coast Line had rapid upturn and there were advan of a point or so in Southern Railway, i St. Louis and Southwe. ind in Texas and Pacific re- sumed in St. Louis and San Francisco common and many thought it signif- icant that this was accompanied by corresponding strength in New Mexico and Arizona Land on the curb. St Louis, San Francisco owns 51 per cent of the land company’s stock, and the latter wa xoing up on reports of impending oil discoveries. Industrials Alxo Higher. High priced industrials with a narrow market were quick to respond to the upward turn. Stocks like Woolworth, General Electric, Cast Tron Pipe and American Water Works were bid up readily. Those intrusted with safeguarding the rket for Corn Producis expressed themselve: ux satisfied with the way the recent liquidation had been taken - blocks of the stock were turr «d over, but with prices inclined to advar Stewart Warner broke an- other points at the start, but subsequently rallied. Eleventh hour reports of improved earnings modified opinions as to the possibility of un- favorable action at the dividend meeting next Monday. Treasury Notes Up. Continued buying of United Treasury 44%s arcund top levels was properly taken to reflect the inside view of money conditions, at least for time to come. Selling of the which bore them down from their high, was explained. The ad- vance to 5% had been due to buying in the open market to make up for deficiencies in quotas under the sub- ription allotments. Those who had t in their application with a view to making a speedy speculative profit were not in a position to sell until 1hey were informed of just how many bonds they were to receive. This in- formation came Thursday morning and the decline since then was due to selling by speculators, with whom anything procurable above 92 was a profit. MAREKET CLOSES STRONG. Southern and South- a Day’s High Prices Are Well Main- tained at Finish. Iy the Associated Press. NEW YORK, October Spirited buying of high-grade railroad shares encouraged renewed accumulation of other stocks in today’s moderately | active market, and prices scored sub- stantial recoveries, Leading ind trials and specialties moved up on | prospec of improvement in trade conditions. Sales approximated 700,000 The closing was strong. contracted in th Dealings final hour, but the day’'s high prices were well main- tained at the close. Colorado Fuel, preferred and Postum Cereal were pushed up 3 to 3% points. G SOFT COAL HIGHER. Prices Advanced for Sixth Con- secutive Time Last Week. Special Dispatch to The Star. NEW YORK, October ports the coal market as follows The bituminous coal market con- tinues to move irregularly. but the ! trend nmistakably upward. Marked | strength pervades the trade in New | ¥ngland, reflecting a pick-up in_the textile industry, but western Ken tucky just now’ probably shows the greatest improvement. In Illinois an Ohio, on the other hand, “no bills have appeared again, though Cin- cinnati is an outstanding -xception, slack 12 become scarce there. Caution is in cvidenc ughout the trade, which means that competition is fairly keen. Coal Age index of spot prices of bituminous coal for the sixth con- secutive time registered an advance Jast w standing on October 13/ 4t $1.74, the corresponding price for which is $2.10. This compares with $L71 and $2.07, respectively, on Octo- —Coal Age ber 6. i A slight increase in activity was in evidence at Hampton Roads last ‘week, dumpings of coal for counts during the seven-day period ended October 9 totaling 340,447 net tons, compared with 331,398 tons han- dled during the preceding week. o= ITALY BUYING BONDS. ROME, October 17.—Most of the nowspapers comment favorably today on the prospects for success of the flotation of Italy’s 100,000,000 lire portion of the $200,000,000 Dawes plan lgan to Germany, subscriptions for Which at 92 will be opened October 50, The Giornale D'Italia declares that the loan seribed. will be easily sub- PARIS MARKET UNSTEADY. PARIS, October 17.—Prices moved jrrogularly on the bourse today. Three per cent rentes, 50 francs 45 centimes. Exchange on London, 85 francs 95 centimes. Five per cent Joan, 62 francs 72 centimes. The dollar was quoted at 19 francs 13 centimes. BEECHNUT SALES GROW. YORK, October }7.—Sales of the Beechnut Packing Company in the mnine months of 1924 increased more than 7 per cent over the same period last year. Net earnings were $1,972,427 before taxes, agalnst $1,- 907,848 a year ago and for the third quarter $794,313, compared with $693,813 in of 1933, the | simply { | Erte.. 11 ac- | FINANCIAL. THE EVENING STAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Alr Reduct (15). | Ajax Rubber. Alaska Tuneau.. Allled Chem (4). Allis-Chaim (4). Am Agricul Chm Am Ag Chmpt. Am Bosch Am Can (16) . Am Chain A (2). Am Chicle...... Am Drug Synd. . Am Express (5). AM&F P 25%(7, AmFor P £ pd(7) Am Hide & Lea.. AmHide & L pt. AmTce (T)...... AmLaFFE (1). Am Linseed..... Am Locomo (6). Am Metal (3) Am Radlator (4) Am Ry Exp (6) {Am Roll M pr (1) lAm Saf R (50c). Am Ship & Com. Am Sm & Re (5). Am St Fdys (3). | Am Sugar....... | Am Sugar pf (1) | Am T & Tel (9). | Am Tobac (12) . Am Teb B (12). Am Tabpf (6).. Am Typ Fars(7) Am Water Wk JAm W W pt (6). Am W W 1st (7) | Am Wkoal pf (7). | Am Woolen. | Am Wool pt Anaconda Ann Arbor pf Arm of Del (T) | Arn Cons & Co. | Assn Dry G (5) | Asso Oil (133) . AUT &S Fe (6). ATE&SFpt (5). Atl Birm & A Atl Coast L (18) | AtGuif & WIpt Austin-Nichols. Auto Knitter. | Bald Loco (7). Bal & Ohto (5). | Bal & Oh pt (). | Bang & Ar pt (1) arnsdatl A. ... Bayuk Cigar. . B'ch Nut (2.40).. | Bethlenem Steel. | Booth Fisheries. Brk Ecison (8). Brk-Man Tran BrMan T pf (6). | Prklyn Un G (&) | Burns Br pt (7). { Butterick Co... Caddo CenO & R | Cal Packing (6). | Cal Pet 1%)... {Callahan 2 Lead | Calu & Ariz (2) | Calumet & H 50c Can Pacific +i9) Case Thre'g pf. Cent Lea Co pt Cerro de Pasco(4) Chand Mot (3). Ches & Ohlo (4 Ch & O pt (6%). Chicago & Alton Chic & Alton 3t Chic & East 111 < | Chic Gt West Chic Gt West ChMil & St P pf ChiRI&Pac.. CRI&Ppt(6) CRI&PDL(D. ChStP Min & O.. Chi Yellow C (4) Chile Cop (2%) Chino Copper. .. Coca-Cola (7)... Colo Frel & Iron Col G & E (£.60) Col Carbon (4).. Com Solv A (4) Com Solv B... Congoleum (3) Consol Cigar. ... Consol Gas (5) Con Gas of B (8) Comsol Textlie Cont Can (4).... Cont Mot (800).. Corn Prod (2). Cosden Co. . Crucible Stl (4). Cub Am Sug (3). Cub Cane Su pt.. Cub Dom Sugar. Cuyamel Fr (4). Davidson Chem. Del L& W (6).. Det Ed Co (8). . Dome Mines (2). DuPtdeN (8).. Du Ptde N db (6 Eaton Axle & S.. £l Stor Bat (4).. End-John (8) Erie 18t pt. Famous Pl (8). . Fifth Av B (64¢) Fisk Rubber. . Fisher Bdy (10). Fisk Rubber pf. Fieischman (13%) Foundation (6). Freeport-Texas. Gardner Motor... Gen Am TC c3). Gen Asphalt. .. Gen Asph pt (5). Gen Baking (6). General Elec(8) Gen El spe (60¢) Gen Motors. . ... Gen Mot db (6).. en Mot pf (T) | Gen Petm (2) Gimbel Brot Glidden Co. Goodrich. Goodyear pf. Gray & Davis Gt North pt (5). Gr Nor Ore (3).. Grt Wstn Su (8). Gulf Mo & Nor.. Gul? St St (8).. Hartman Co (4). Hayes Wh'l (31 Homestake (17). Houswon V1l Hud Mot C (3)... Hupp Mot C (1). 111 Cent pt (8). indep OIl (1).... Indiahoma Ref.. Inland St (2%). inspiration Cop. interb Rud Tr... int Bus Ma (8) Int Cement (4).. int Com Eng (2) Internat Har (5) Inter Har pf (7). int Mer Marine. . Int Mer Mar pf.. Internat Nickel Inter Nick pf (6) loternat Paper. Int Pap pf st (6). IntT&T (6).... Invincible Oil... Jones Bros Tea Jordan Mot (3). { Kansas & Gulf.. Kan City South. Kan CSo pt (4). Kayser Jul & Co Kayser pf (8)... Kelly Spr Tire. Kenne Cop (3) Keystone T & R. Kresge Dep Str. Kuppenheimer. . Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4).. Loews Inc (2).. Loose-Wiles Bis Lorrillard (3)... Ludlum Stl (2).. McCrory B.. Mclintyre (76¢).. Mack Cos pf (4). Adams Exp (6).. Allied Chm pe (7} Lehign Val (3%) Open. High. 86 82 9 1% 71% 116% 664% 11% 83% 24% . 126% 224% Atlan Ref pf (7). 146% 59 43% 46% 304 5212 1024 Bl 10% 27% 6% 19% 19% 80% 4% 865 a4 49 Colo Southern... 140 3 56% 6% 844 24% 65 304% 57 q] 50's 434 131% 108% 14% 125% 92 9% 56% 62% 264 36% 80 11% 814 180% 62 71 85 L) 5 487 39% 82 145 243% 10% 564 89 99% 40% 57 11% 13% 107% % % 38% 24% 111% 8% 35 17% 89% 4% 2% 82 12% 16% 33 * 19% 3 19% 80 16 45 1% 45 25 60% 624% 62 59% 16% 66% 87% 17% 89 16% 66% the corresponding period | Mack Trucks (§) 96 86 82 9 1% 71% 116% bT% 1% 83% 24% 128% 22% 3% 5% 114 1154 116 10 64% 7T% Low. 86 82 9 1% 71% 116% 564 11% 33% 24% 126% 2 30% 5% 112% 114% 115 10 64 6 17% 7 46 80 % 36% 36% 18 90 82 i 83% % 20 19% 80 17 1% 46% 25 62% 6244 62% | | 59% 17 664 37% 19 89 15% 66% 2 Y | Submarine Boat. Mack Trk 1st pd 94 Magma Copper.. 33 Mallinson & Co.. 22 Manati Sug (5).. 60 Man El md gd 4. 46% Manhat-Shirt (3) 85 Maracalbo Oll... 26'% Market St Ry.... 8% Mkt St Ry prpf. 43 Markct St Ry pf. 20 Muctang ). 4% Martin-Parry (4 31% Mathieson Alka. 34 Maxwell Mot A.. 59 Maxwell Mot B.. 18% Vav Dent St (5). 94% Metro Gold pfd.. 15 Mex Seabd (2).. 23 Miami Cop (2).. 20% Viddle St Ofl 1% M StP&SSM pf 4. 57% Mis Kan & Tex. 14% MisK & Texpf.. 43 Missouri Pacific. 19 Missourl Pac pf. 63t Mont Power (4). 64 Montgom Ward. 35% Moon Mot (3)... 21 Mother Lode 76¢ 7% Nash Mot (10). 143 Nash Mot pf (7). 104 i 0% 854% 214 . 148 55 105 13% 41 104% 107% Nat Dairy (3). Nat En & St. Nat Lead (8) Nat Supply (3) Nat Sup pf (7) Nev Cons Cop. N Y Alr Br (4) N Y Central (7). N Y C& StL (6). NYC&S1L pf (6). 87% N ¥ Dock 304 NYNH&H 22 N Y Ont & West. 20 Niagar Fpf1%. 28 Norf & W (18).. 121% Yorth Am (2.40) 32% orth Am pf (3) 47% North Pac (5).. Oh ' Sup (2%).. Crpheum (1%).. Otis Steel....... Gwens Bot (3) Pac Coast 2d pf .. Pacific Develop. Pacific Ol (2). Packard (1.50). Pan-Amer (4). Pan-Amer B (4) Panhan Pr & Re. Parish & B stpd. Park & Tilford. Penn Rallrd (3) Penn Seab Steel Penney JC pf (7) Pere Marq (4).. Pere Mar pf (5). Phila Co (4). Phila& R&I. Phillip Morris. .. Phillips Pet (2). Plerce-Arrow. Plerce Ol Pierce Oil pt Pierce Petrol. Pitts Coal (4)... Pitts Ut pt (1.20) Pitts & West Va Pitts & WVa rta. P& W Va pf (6) Porto Ric Tob. .. Postum Cer (4). Postum pf (8)... Press Steel C pf. Prod & Refiners Pr& Rpf (318). Pub Ser NJ (4) Public Serv rts. Pub S NJ pf (7). Pullman Co (8). Punta Al Su (6). Pure Oll (1%).. Radio Corp of A. Radio Crp pf (7) Ry Stl Spx (8).. Ray Cons Cop... Reading (4).... Reading rts. .. Read 18t pf (2). Remin'n 2d (8).. Replogle Steel. Rep Ir & Steel.. Rep I & S pf (7). Reyn'ds Spgs (1) Rey Tob B (3).. Roy Dth (4.42%) Rutland pf...... St Joseph Ld (2) St L San Fran... St LiSan F pf (6) St LSouthwest. St LS'thpt (B).. Savage Arms Schulte (8)..... Seaboard Alr L. Seab'd Alr L pt. Sears-Roebk (6) scars-Roe pf (7) Shell Trad (2.06) Sheli Un Ol (1) simmons Co (1) Simms Pet...... sinclair Ofl Skelly Oil. Sloss-Sheff (6).. <outh Pac (6)... Southern Ry (§) South Ry pf (6). Spicer MIg. . 31011 Cal (2). StONNT ... StOIINJ pf (7). 117% Stand P1G1 (3).. 16% Stew't Warn (B). 524% Stromberg C (8) 62% Studebaker (4). sgu 4% 2% 404 76% 33% 8% 683 1% superfor Ofl.... Sweets Co of Am Texas Co (3).... Tex G Sulph Texas & Pacific Tex & PacC & O Tob Prod (6).... Tob Prod A (7).. Transcout Oil... 3% Un Bag & Paper. 384 Un Pacific (10).. 137 Un Pac pf (4)... 73% Utd Alloy Steel. 21 vUtd Cigar (3%). bBl% United Drug (6) 924% UDI1stpf (3%). 50 Utd Fruit (10).. 203% Utd Ry lnvest... 19 Utd Ry Invest pf 43 U 8 Castlron P 108% U S Distributing 29% U S Hoff Mach.. 23 U S1Ind Alcohol. 70 U S Rubber..... 32 U S Smelting.... 32% USSmtpf (3%) 46% eel (16%) 1067 U S Steel of (T). 121% Universal Pipe.. 15% Univer P pf (7).. 50 Utah Copper (4). 78% Utan Securities. 31% Va-CaroChpf.. 3% Vivadou.. 8 Wabash...ceus Wabazh pf A. Wald Sys (1%). Web & Heilb(1). Wells Far (233). 9% West Pen (4)... 84% West E1pf (7).. 114% West Maryland. 10% Western Pacific. 20% West Pac pf (6). 69% West Un Tl (7).. 111 West E&M (4). 62 Whi & L Eri 11% Wheel & LEpf. 21% Wh Eag Oil (2). 24% white Mot (4).. 624 WickwireSpstl. 1 Wwillys-Overl'd.. 7% Willys-Ovd pf... 65% Woolw'thn (3). 103% Worthing P'mp. 37% ‘Wright Aer (1). 12 Wrig W Jr (3).. 42% Yellow Cab (6) 60% 1Partly extra, Dividend rate are the ann 14% 42 16% 15 given Unless otherwise noted, 94 34 22% 50 46% 35 105 79 3% 8% 15 42% 16% 15 9% 86% 114% 10% 21 69% 111 62 12 21% 25 62% 1 % 66 106% 88 12 42% 62% dividends are pot included. 94 32% 22 50 46% 85 26 % 43 20 4w 81% 84 o9 183 4% 15 23 20% 1% 57 14% 43 19 53% 64 35% 21 kL 143 104 70% 35% 21% 147% 65 13% a1 104% 107% 87% 30% 21% 29 28 121% 328 47% €0% 85% 21% % a1 34% 2 48% 12% 61% 50% 2 1% 25 1% 106 68 68% 47% 43% 13% 1% 8% % 26% L] 63% 12% 534 8% 106% 55 664 17 1% 26 454 59% 17% 99% 127% 4 3 264 4 125% 1% 5774 19% 35% 105 10% 42 84w 15 6 1% 5612 33 30 68% 39% €9 61% 106% 13% 25% 104% 118% 34% 7% 30% 15 167% 19% 67 92% 65% 76 11% 57% 35% 117% 16% 604 62% 8% 8 4% 2% 40% 5% 33% 8% 63% 1% 3% 38% 136% 3% 21 51% 2% 50 203% 19 43 108 29% 28 70 32 324 45% 105% 121% 16% 50 78 31% 3% 8 14% 42 16% 15 9% 84% 114% 10% 20% 69% 111 61% 11% 21% 24% 624 1 % 65% 103% 37% 12 42% 50% 3Payable in preferred atock. above table ash payments based on the Iatest quarterly or half-yearly declarations. extra or special OTIS ELEVATOR'S NET. NEW YORK, October 17.—Net in- Open. High. Low. Close. 94 8¢ 224 50 45% 35 26 ™ « 20 4% 311 3¢ 59% 19 96% 16 23% 21 1% 57 145 “w 19% [ 64 36% 21 % 146 104 1% 85% 211 160% 55% 105 13% 41 88 22 28 33 48 36 T% [earded in Wall street as an | wools come of the Otis Elevator Company for the nine months of the year amounted to $2,974,867,, 1!55’.0" over the same period a galn of AGTIVE SELLING INFRENCH BONDS Prospect of New Loan to France Causes Decline in Present Issues. BY GEORGE T. HUGHES. Special Dispatch to The NEW YORK, October 17.—The pros- pect of a new $150,000,000 KFrench loan next week brought active selling f French bonds in today's market. A report had it that the new bonds would bear 7 per cent coupons, and be offered about 95, to yield 7% per cent. Traders reached the conclusion that on this basis outstanding French bonds were too high, and offerings increased until French 71%s were down below 101 and French 8s touch- ed 105. went off in sympathy with French government issues, Lyon and Bordeaux 6s were heavy. That there was any real liquidation of French securities by genuine inv tors appeared doubtful. In any case the sinking fund may be expected to support the French 8s at any time and the 7i%s when the price of the latter touches par. German Honds Active, Dealings in the new German Ts were again very heavy and the quotation was lower. For the first time since the initial day of trading in these bonds the market price broke below 94. Allotments having been made, profit-taking fo!lowed as a matter of course. Up to Thursda; selling had been restricted by the fact that the seller did not know whether he would have the bonds to deliver. The balance of the foreign list was steady, and Hungarian 73;s improved somewhat. The gencral list was firmer than on Thursday. Nearly all the active Lib- erty loans made gains, and the Treas- ury 4is again sold at their record high. Amons the speculative rails St. Louis-San Francisco issues were the feature. The income 6s and the adjustment 68 both made substantial gains. Another strong spot in the railway list was Seaboard Air Line adjustments, up at one time a full point. Other Moves Mixed. Price movements among industrials and utilities were mixed. Heaviness persisted in the local tractions. Fair- ly large sales of Detroit United 4135 wera made at Thursday's high. Oil bonds were a little higher and sugars a little lower. The new issues included $2,784,000 New Orleans, Texas and Mexico first 5125, due 1954, to yield 5.57 per cent. BIG CUT IN ALLOTMENTS. Drastic Scaling Down Necessary on German Loan Portions. Allotments on America’s $110,000.- 000 portion of the $200,000,000 Ger- man loan averaged less than cent of the subscriptions, it was re- vealed when notices were mailed to subscribers. Drastic scaling down of the appli- cations, in some cases, to only 4 per cent of the amount asked for, was re- indica- tion that the oversubscription was close to a billion dollars. The heads of the underwriting syndicate, how- ever, refused to revise their first esti- mate that total subscriptions would exceed $500,000,000. LOAN TO MEET DEFICIT. PARIS, October 17.—The ministry of finance would apply the proceeds | of an American loan, if one is ar- ranged, to the deficit in the budget of 1924, with the demand next year's budget for actual receipts from taxation. The government's largest single obligation is the legal requirement to repay 2,000,000,000 francs to the Bank of France for the reduction of tho bank's advances to the government. ‘WOOL MARKET ACTIVE. BOSTON, October 17 (Special) Some sales of Ohio de laines at 6; cents were reported t the high- est price paid this season. As a gen- eral rule, however., medium grade are moving most freely, Ohio half blood combings having been sold at 60 cents and quarter bloods at 57 to 58 cents. Present demand is coming largely from knitters and yarn spinners. Importers estimate that best domestic wools now are within 5 per cent of parity with for- sign markets. RAW SILK STRONGER. NEW YORK, October 17 (Spectal). —Cotton goods markets continued quiet today, but prices were frm. Print cloths quotations were un- changed at 84 cents for 64 by 60 and 9% cents for 68 by 72s. The raw silk market was a little stronger than on Thursday, regaining the b-cent decline which had been reg- istered in Japanese silk prices. DAIRY PRODUCTS. BALTIMORE, October 17.— Live poultry—Spring chickens, pound, 23a 27; Leghorns, 21a24; old hens, 17a27; Leghorns, 17a18; old roosters, 15al ducks, 17a23; pigeons, pair, 25a30; guinea fowl, each, 40a75. Iggs—Receipts, 725 cases; native and nearby firsts, free cases, dozen, offer, 43, no bid; quotations, 46. Butter—Creamery, good to fancy, pound, 37a40; prints, 40ad42; nearby creamery, 35a36; ladies, 30a32; store packed, process butter, 34, SHORT-TERM SECURITIES. (Quotations turnished by Redmond & Co.) ——Noon.— Bia. Offer. 1084 103y s . 1007, Aluminum Co. of Amer. 7s 1925, Anaconda Copper 6s_1929. Anglo American Ol Ty i Associated Oil Ge 1935 Bell Tel. of Canada Central of Georg.a 6s 1329. Central Leather 5s 1925, . i, Bt. Paul 6§93 . & Pacific 5%s 1926. . ke & L 1nE e T Continental Gas 5 2 Du. Pont 7% 1931 Federal Sugar Re Fieher Hody Cor Fisher Body Corp. Goodyear T, & R, Great .\'n(rlhzrn 'AFP 1931 it ‘ol Corp. o St 08 5i5e n};oz',x ahigh Pw. & Sec, Corp. > Ve § M. Bigs 19 Mo, ¢ P s Decgon Short Tine Perseyivania 1 & . Augu Swift & Tidewater Oil 6%s Unioa Tank Car U, 8 Rubber 73! Western Unien_6: Westinghouse E. & Wheeling Steel 68 —— BUTTER LOWER TODAY. 1CAGO, October 1 MCVIHQP: creamery extras, 37%; stand- ards, 36%; extra firsts, 35a36%; firsts, 32a33; seconds, 31a3l%. ‘Bgis—Higher; receipts, 1,985 cases firsts, 37a42; ordinary firsts, 33a35. e From tbe Popular Science Monthly. Navy experts recently began a series of tests with a new Kkind of airplane, the fuselage of which is of paper composition. If the tests prove successtul, other similar planes will e ordered, Department of the Seine 7s and the Marseille 20 per| to balance ! WASHINGTON, D. C, FRIDAY, OCTOBER 17, 1924. [oxmew von” BONDS sfoex sxcuavee] Received by Private Wire Direct to The Star Office. RAILROADS. Bales. High. UNITED STATES BONDS, (Bales are in $1.000.) Sales. High. Low. Close 363 10029 100-27 100-28 21 102-12 102-5 102-8 423 101-18 101-14 101-17 292 10245 102-3 102-5 377 102-)4 102-10 102-12 34 106-16 106=15 106-16 FOREIGN. Bales. High. Lib3%s... Lib1st 44s... Lib 24 4% Lib 3d 438, Lib 4th 4%s. US4%s1952, Low. Close 80% E0% 98% 93% 102t 102% 94 94 100% 100% 96% 96% 109% 109% 1074 107% 11 111% 92% 92% 8% 83 99 95% 1034 101% 103 103% 96% 103% 106% 110% 95% 96 101% 101 109% 100% 110% £9% 89% 95% 103 8714 9414 100% % Belgium 73 Belgium Berne 8s. Bolivia 8 Brazil 7s Brazil 7 Canada 6s 1952. “anada 5s 1926 Canada 63s 1929, “hile 7s 1943. Chile 85 1926 Chile 85 1941, Christiania 8s ‘opennagen 5i4a. . Cuba b, Cazecho 83 ~zecho 88 1952 ct. Danish Munic 88 A. Oenmark 6s....... Denmark §s. Dutch E T 6%, DEI6%sct. ‘utch East I 68 °63 El Balvador 8s '48. Finland s f 651945. 6 Framerican 7%s.. 6 French Govt 7%s. 177 French Govt 8». 167 104% Germany 7s w i.. 1808 93% Haiti 6s..... 1 2% Holland-Amer 6s.. 3 Hungary 6148 Italy 635 192 tapanese 4a )apanese 6%/ Tergens U M 63 °47. | Liggett & MyrsTs. 2 Lyons 6s. .24 Varsetlle 6a. Mexico 45 "04 asntd. Mexico 6s. . . Montevideo 7 Netheriands 63 '64. Netherlanda 6s *72. Norway 63 1943 ... Norway 6s 1944. Norway 6s 1952 Norway 8s Orient Dev deb 6: Paris-Ly's-Med 6s. Paris-Ly's-Med 7s. Prague 7%s Queensland 6: Queensland 7s.. Rio de Jan 83 1946. Rio de Jan $s 1947. Rio Gr Do Sul 8s . Sao Paulo State 8s. 3eine Dept. of Ts. Serbs Crotes Slo 8s Sweden 63 Swisa 5% Swiss Confed 8s... Ud Kingm 5%3°29. Jd Kingm 5%s '37. | Ud Steam Copen 63 921, 92i4 Uruguay 8s....... 106 1054 MISCELLANEOUS. Ajax Rubber 83. 9274 92% Am Agr Chem 3s. 99% 99% Am AgrChem Tl2s 944 udls AmChainsf 6s'32 961y 96% Am Cotton Oil 55.. 90'3 0% Am Smit&R 1t 53 9N e AmSmit& R 63. 165% 105 Am Sug ref 6s. 100% AmT & Tl ti YT Am T&Tcltré AmT & Tdeb % | Am Water Wka 3s. Anaconda 1st 83. Anaconda cv db 73 Armour & Co 423 Armour of Del 548 Associated Oil Atlantic Refin 5s.. Beil Tel Pa §s. Beth Steel pm bs. Beth Steel rf bs. Beth Steel 5145 Beth Steel s £ 68 Brier H St 15t 58 Bklyn Ed gen 5s. Bklyn Edison 7s D. Bush T Bldg 58 '60. Calif Pete 63%s... Can Gen Eldeb 6s. Chile Copper 6s CinG & E5%5'6 | Col Gas & El 5s... .. | Col Gas & El 5s sta | Commonwth P 6s. | 90% 103% 109 944 3% 95 101 92 88% 105's 99% 114% 110% 105% 92% RE% 106% 100 114% 1101y 105% i ablenie wanit o Con Coal 3d 1st 53 Consumers Pow 53 Cuba Cane cv s '30 Cuba Cane cv d 8s. Det Edison ref 6 Donner Steel 7s. ... Ou Pontde N 7%8. Duquesne Light 63 Est Cuba Sug 7%s. Empire G&F 7% Fisk Rubber 8a Gen Elec deb b: Gen Refractres 6s. Goodrich 6% Goodyear 8 . Goodyear 8s 1941.. Hershey 6s 1942, Humble O&R 6%s. [llinots Bell 1st b8 Lilinols Steel 4% Int Mer Marine 6s. Inter Paper 58°47. . KCP&LL5sA 52 | Kan G & E1 68'52. | Keyser (J) 7 Keliy-Spring 8s... Lackawa S 65 '50... Liggett & Myrs b Lorillard (P) & Magma Cop ¢V MI‘I“ Sug st %8s Marland Oll 7%8s. . Marland Oil 8s'31. Mexican Petrol 8s. Midvale Steel 55 ct Montana Power 5. Mor's&Co 1t 4%3. New Eng Tel 5s... NYG EL H&P 68 N Y kden ist 6%8. N Y Tel 4%s. N Y Tei 41. N Y Tel 6849 Nortk Am Ed 6s... North Am Ed 6%a Nor States Pow ba. Northwat B Tel 78 Otis Steel T%H8...0 Otis Steel 88 Pacific G’:‘l‘t l;.: 68 ac T & T 18 - Pacific T & T bs ‘62 Pan-Amer Pete 7s. Phila. Coref 68 Phi! & Rdg C&1 Plorce-Arrow §s.. Pierce Oil deb 8s. . Producers & Rf 8s. Public Service 5s.. Pub Serv Elec 63.. Punta Alegre 78 I o e e —a & @GN ool enbluneaodninnabinnon grosidon © 1 AANNmOR L Stmclatr ¢ Qil Sin Crude Sin Crude Ol & Sin Pipe Line 6. Southwes: Bell & 107 Steel & Tube 7 1 Tenw Elec Pow 6s. Tide Wat Oil 6%s. Toledo Edp 15t 78 Unit Drug cv 8s. USRub lstTt U 8 Rubber 7%s. USstecists.. Utah Pow & Lt 68, r Chiem 75 Warner Sug Warner Sug 7s'41. 23 Western Elec 5s.. 176 West'n Unlon 6 4 Westinghouse 7e.. 15 Willys-Ov 6%8°33. 2 Wilson & Co 1t ¢s 14 Wilson & Cocvés. & 50 Teunsno 5&Toe. 1 95% Ann Arbor 4 Atchison adj Atchison gen .55 Bklyn-Manhat 6s.. 60 Buff R & Pitt 4%s. 2 Canad North 6% Car Clinch & O §s... Car Clinch & O Cent of Ga 5%, Cent of Ga 6s. Chi & E 1l gn s, Chi Great West 4s. CM & Puget Sd 4s. ChiM&StP4s Chi M&St P CM&StPdb4s, Chi M&St P cv 4% CM&StPgn4ls, Chi M&St P rf 4%s ChiM & St P cv 6s. ChIM&StP Chi & N W ref Chi& N'W 634, CCC&StLGs..... CCC&StLrfésA. Colo & Sou 4% Cleve Term bs. . Cleve Term 6%s Cuba R R bs. Cuba R R 7%s. Del & Hd 1st rf 4s. Del & Hudson 6%s Den & Rio G cn 4s. D & Rio G imp 6s. . D& RG1stre5s.. Det United 434s. Erle 15t con 4 Erle. gen 4 Frie conv 48 A Erfe conv 48 B. Erle conv 48 D. Erie con ext 78 Erie Genessee r Trunk af db 6 Grand Trunk 7 Great North 68 Gr North gen 5%s. Gr North gen 7s... Havana ERL&P 58 Hud & Man ret 5s.. Hud & Man aJ 5s. 11l Central ref 4s.. 11l Cent ref 55 '55... 11 Central 5%s. int Rap Tran 6s... fnt Rap Tr 55 stpd. Int Rap Tran 6s... fnt Rap Tran 7s... Int & G Nor 1at 6s. Int & G Noraj 6s.. Kan City Ft 8 4 Kansas City S 3s.. Kan City Term 4 Lake Shore 4s°28.. Lake Shore 45 31. Louls & N uni 4s Louis& NEsB... Louis & Nash 5%s. Louis & Nash 7 Manhat Ry cn 4s.. Market St Ry 7 Mil El Ry & L 68 3 & St L 18t ref 48 M StP 4 MK & T Ist 4 MK&T4sB... MK & Tad)6s.... MK&TprinSsA Mo Pacific gn 41 Mo Pacific 68 '65 Mo Pacific s, e @ B EX- TS =T EE PP TP BTN o Cent gen 3%4s. Cent cn 4598 N Y Centdeb 4s. N ¥ Centr L N YCent deb NYCenlLScl N ¥ Chi & SL5%#.191 NYC&StLGsA.. New Havencd 6 New Haven 7sfr.. Y Ont & W ref 48 Y Ry rf4sctfs.. Y State Ry 4}%s. Y W & Ros 4%4s. orfolk & W cn 4s. orfolk & W cv 63 Northern Pac 3s.. Northern Pacri 68 Ore & Calif 1st 6 Ore Short L ref & Ore-Wash 1st r£ 48 Pennsyl con 4% Punnsyl gen 4% Pennsyl gen 6s.... Pennsyl 6348 Pennsyl gold 7 Peoria & E Inc 4 Pere Maraq 1st b PCC&StL Reading gn 4 Rio G West 18t 4i Rio G West cl 4s. RIATk & L 4%s.. SUL IM&S 48 29 St LIM&S R&G 4 StL&SF pl4s A, StL&SFprin StL&SF6%sD. StL&SF ad) 34 StLeSFinc6s.. 160 StL&SFplésC.. 3 SLLSWlst4s.... 2 StLSWcon4s'33. § SanA & Arn P 4 Seab'd A L 48 st Seab'd A L ref Seab’d A L ad) 6 Seab'd A L con i Sou Paclfic 4a'29.. Sou Pacific ctl 4 o NY N Y -| Sou Pacific et 4 Southern R Zn 4 Soutuern Ry 18t §i Southern Ry 6s ct Southsen Ry 6%s. Texas & Pac1st 5 Thirg Ave ret 4s. Third Ave adj 63, Tol StL& W 4 Union Pac 1st Union Pac 5 Union Pac 1t rt s Union Pactfic cv 68 virginia Ry st & v & P 1at bi Wikes-B&E 1st b Wisconsta Cent 4s. 12 624% 82% 89% 99% 87% 89% 8% 99% 102% 9974 100% 9% 87% 173% 17 79% 100 105% 99% 103% 87% 9% 89 97 44 Low. Close. 62% R2% 9% 99% 8% 88% 85% 99% 102% 99% 100% 9% 87% n7m 116% 79% 100 105% 99% 103% 8% 85% 89 96% 43% 101% 70% - B8 £0% 68 71% 48% 534 79% 49% 62% 97 99% 110% 107% 4% 83 80% 78 92 6% 9544 102% 894 99% 105% 3% 101 892 102 81% 913 80% 85% 79% T2% 66 63 81 97% 4% 89% 7414 100% 102% 1083 99y 55 44 83 914 85% 99 103% 104% 965 9214 100% w2 904 83 4% 64% 0% 2% 82% 89% 997 % 88% Y% 99% 102% 99% 100% 9% 8% 1% 19 79% 100 99% 8% f6% 89 97 ATLANTA BUYS BONDS.. ATLANTA, October 17 (Special). Two Atlanta banks which took 2% per cent of the American portion of the German loan disposed of the bonds in less than an hour after the books had been opened. So far as local bankers know this is the first time any Southern bank has partici- pated in the flotation of a foreign loan. POTATO CROP POOR. SAN FRANCISCO, October 17 (Spe- cial).—The this vear will fall almost California potato 2,000,000 crop bushels below that of last vear, the latest estimates placing the total at 0,000 bushels, as compared with 7,800,000 bushels a year ago. LIVE POULTRY LOWER. CHICAGO, October 17. Altve, lowe 22; roosters, Poultry— fowls, 16a32; Springs, rkeys, 35 FINANCIAL. COTTON FUTURES IN SLIGHT GAINS Storm Indications and Week End Covering Help Move Prices TUpward. By the Associated Press. NEW YORK, October 17.—The cot- ton market today opened barely steady, dectining 5 to 16 points on the failure of Liverpool fully to main- tain an opening advance. Favorable weather indications and liquidation ocontributed to the easier tone. Ac- tive months sold 12 to 21 points net lower in the first few minutes, with December declining to 2262, but the early offerings were absorbed by trade buying or covering, and the market rallied to for December within the first hour. Other months showed similar gains, and covering for over the week end was probably promoted by the tropical storm threat, although the forecast was for gen- erally good weather today and tomor- row. New Orleans Quotations. NEW ORLEANS, October 17.—The cotton market was in a hesitating mood at the opening today. Liverpool was about as due and first trades here showed losses of 5 to 15 points. After easing off a little more on near posi- tions, the market rallied, December trading up to 2 January to 6 and March to .99, or 4 to 8 points above the previous close. While the continued good weather was a bearish influence, fear of the tropical storm is supporting the market. Fall River sales for the week were 50,000 bales, or the same as the pre- ceding week. S CHICAGO LIVE STOCK MARKET CHICAGO, October 17 (United States Department of Agriculture).—Hogs— R ts, 21,000 head; desirable grades active, 10 to higher; advance mostly 15 to 20; underweight, 25 to 75 higher than Thursday's average; others slow, big packers doing little; demand broad; top, 11.25; bulk, good and choice, 180 to 350 pound butchers, 10.75a11.10; desirable 140 to 160 pound weight, largely 9.50a9.85; bulk pack- ing sows, 10.00; majority better strong weight slaughter pigs, $.75a 9.00. Cattle—Receipts, tremely slow; liberal number stale cattle included in run; supplies of lower grades and weighty steers ex- copting; bulk, 7.5029.00; desirable fed yearling steers moderately active; early top, 11. limited demand for lower grade she stock; veal calves weak to lower; bulk to packers, 9.50a10.00; other classes about steady. Sheep—Recelpts, 12,000 head; ac- tiv fat mbs generally 25 higher; sorting less scvere: bulk better grades natives, 13.2 top to outsiders, 13 10.50; choice i Westerns, 0; fat sheep 25 lower; feeding lambs choice feeders, carly, 13.00a full-mouth breeding cwes, 7.00. — CHICAGO GRAIN PRICES. CHICAG®, October 17.—As a result of buying that was =aid to be on for- eign account, wheat averaged mod- erately higher in price today, due to early dealing. Reports of showers in Argentina had only a transient bear- ish influence. Other advices from Ar- 4,000 head; gentina said that drought continued | and that the crop outlook there was getting worse. Opening prices, which ranged from 3 to 1% higher, with December, 1.49% to 1.50%, and May, 1.531; to 1.54, were followed by addi- tional gains, although a temporary dip to below yesterday’s finish inter- vened. Ideal weather to mature the corn crop had a depressing effect on prices, both of corn and oats. After opening at 2% decline to ': advance, Decem- ber, 1.09 1-9a1.09" the corn market showed a general setback of about Oats started at December, 53%ai{, and then eased down all around. Higher quotations on hogs helped give a lift to the provision market. WHEAT— Open. High. Low. 1.49% 1 Lasag 31y 152 1.31 107145 1091, 1097 GRAIN AND PROVISIONS. BALTIMORE, October 17.—Potatoes, white, 100 pounds, 50a1.50; a2.25; sweet potatoes, barrel, 1.50a 3.50; yams, barrel, 3.00a3.25; beans, bushel, 1.00a1.30; beets, 100, 3.00a5.00; brocoli. bushel, 40ad5; cabbage, 100, 2.00a5.00; carrots, 100, 3.0025.00; sa- voy, bushel, 50a60; celery, crate, 1.50a | 2.00; corn, dozen, 15a30; cauliflower, crate, 1.25a2.25; eggplants, basket, 75a 1.00; lettuce, bushel, 75a1.50; onions, 100 pounds, 75a2.00; peppers, basket, 40a65; spinach, basket, 25a35; pump- kins, 100, 5.00a15.00; tomatoes, basket, packing stock, bushel, 1.00a ; turnips, basket, 50a60. Barrel, 2.00a5.00; bushel, grapes, basket, 1.00al.10; basket, 1.25a1.50; bushel, 1.50 pears, basket, 15a25; bushel, Selling Prices at Noon. Wheat—No. 2 red Winter, 1.59%; No. 2 red Winter, 1.52%; No. 3 red Winter, 1.49%. Sales—None. Corn—Cob, old yellow, 6.50 per bar- ; old white, 6.35 per barrel; track yellow, No. 2, 1.30. Sales—None. Oats—No. 2 new; 61 and 62 bushel; No. 3, 60% and 61, Rye—Nearby, 1.10al.2 spot, 1.40%. Hay—Receipts, 52 tons. The de- mand for hay is moderate and con- fined almost entirely to the better grades of timothy and light clover mixed. Medium and low grade hay in ample supply is slow sale at ir- regular discounts. Quotations today: No. 1 timothy, 21.00; No. 2 timothy, 19.50a20.50; No. 3 timothy, 17.00a18.00; No. 1 light clover, mixed, 18.50a19.00; No. 1 clover, mixed, 17.50a18.00; No. 2 clover mixed, 15.00216.00. Straw—No. 1 wheat, new, 13.00; No. 1 oat, 13.00a14.00. NAMED FREIGHT AGENT. Special Dispatch to The Star. ATLANTA, Ga., October 17.—Ap- pointment of G. H. Kerr to be freight traffic manager for the Southern Rail- way system at Cincinnati is announc- ed by E. R. Oliver, vice president i charge of traffic. At the same tim! announcement is made of the appoint- ment of G. H. Wilcox as assistant freight trafic manager at Atlanta, succeeding Mr. Kerr, and of W. T. Turner, at present general traffic agent at Chattanooga, to be assistant freight traffic manager at Birming- ham, succeeding Mr. Wilcox. Brooks G. Brown has been appoint- ed freight traffic manager at Wash- ington. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) spot, garlicky, garlicky, per vo. 2 rye, 12.00a December s December 4143 December 48 March 15, s March 15, s June 15, 192 s September 15, 1925. s December 15, 1925. s March 15, 1926. 1021-16 102816 s Beptember 15, 1926.. 101 7-18 1019-16 March 10y 1927ewnvee 10217-12 122132 100932 % 009, 1001316 10015-16 101116 101 3-16 99 31-32 108 132 101 916 101 11-16 ex- | | vear, |but Commercial ower to % gain, | { Building operations | delphia so J.N. SEITZ ELEGTED CASHIER OF BANK Columbia National Vacancy Filled—Day’s Trading on Local Board. BY CHAS. P. SHAEFFER. John N. Seitz has been named cach- ier of the Columbia National Bank. The election occurred late vesterda and fills a vacancy existing for sev- eral months, caused by the elevation of Frank J. Stryker to the presidenc: of the institution. g Mr. Seitz is relatively young in years, but has been interruptedly i the banking profession since 1908. Ir that year he became affiliated with the National Bank of Washington i1 the capacity of runner, later succeed ing to the bookkeepers’ cage. In 1914 he joined the forces of the Continental Trust Company as teller, and in 1915 he became affiliated with the Fed eral National, also as teller. He re- mained with this institution unt January 15 last, when he became af- filiated with the Columbia National a- assistant cashier. Revitalization of the Columbia Na- tional, an old-established institution, set in with the coming of Mr. ker several years ago, now be- comes complete with yesterday's elec- tion. Loan Called Aid to Farmer. The heavy oversubscription of the German loan is particularly interest- ing in view of the position taken by Brookmire Economic Service that the uccess of this loan is of vital im- portance to the raw material and food producers of this country. It i also their opinion that this offering will be the first of a series of loans to European countries and European enterprises. It is pointed out that the farme will be primarily benefited, especiall: the wheat, meat and cotton farmer. Personal Mention. Howard Moran, vice president o the American Security and Trus Company, with Mrs. Moran, is spend- ing two weeks at Atlantic City. Money Rates om Ticker. To save both time and labor, the New York Stock Exchange has adop:- ed the policy of printing on Its stoc! ticker each morning the renewal rate for call money. The practice in the past was to pos the rate as soon as determined b the “money desk,” leaving interested parties to secure the rate in any wa they saw fit. New Freight Records. Freight loadings totaling 1,077,005 cars for the week ended October 1 although a decrease of 10441 car under the preceding week, establish- ed new high records for movements of grain and grain products and fo merchandise and less than carload freight, the American Railway Asso- ation reports. A total of 71,134 cars was loaded Wwith grain and grain products, the cond consecutive week that a new high record has been established, « Bain of 1845 over the week befora and 21,102 above the same week las: Loading of merchandise and less-than-carioad freight totaled 239,- 106, an increase of 618 cars over the week before and the third consecu- tive week that a new high record has been made. Busy Day on Exchange. Well diversified trading at changed prices ruled on the stock exchange this morning. Popu lar issues were rather quiet, wit activity confined to a small volume Railway preferred was strong at with Gas unchanged at 51%. Lansto moved fractionally upward to 78%, National was un- changed at 140. District National Bank sold at 167 and Second at 16s. Departmental Bank sold on the un- listed section at 7%, a slight easing off. and Washington Title Insurancs brought 9. Bonds were active in small lots, but unchanged. s BUILDING AT NEW PEAK. Operations un- To in Philadelphia Are TUp Over 50 Per Cent. Special Dispa PHILAL t0 The Star. TLPHIA October i 3 started in Phila far this vear have been over 50 per cent greater than in the corresponding period of 19 taled $115 4,100 up to the first of this month. Last month contracts awarded amounted to $20,559,000, or four times the amount recorded in September last year. This total, how- ever, included contracts for the $12.- 000,000 power plant of the Phila- delphia Electric Company. TOBACCO SALES GAIN. France Also Getting Increased Revenues from Matches. Special Dispatch to The Star. NEW YORK, October 17.—The sale o tobacco in France, which is a govern- ment monopoly, has produced revenu: amounting to 1,292,026,200 francs durinz the first eight months of this year, a- against 1,133,532,000 francs during th corresponding period in 1923, accordin to advices received by the Bankery' Trust Co. Revenue from the sale of mat.hes and automatic lighters, which is another government monopoly, has also risen from 69,901,000 francs during the first eight months of 1923 to 73,291,300 francs for the corresponding period thie year. LARGER RICE CROP. Foreign Yield Larger Than Last Year—U. S. Total Smaller. Rice production in 10 countries re- porting, to date, to the United States Department of Agriculture is es- timated at 15,347,133 short tons of cleaned rice, as compared with 14,274,200 short tons last year. These countries last year produced 24 per cent of the world crop, exclusive of China. Production in the United States included in these totals is estimated at 448,500 short tons, compared w! 461,889 tons last year; Japan, tons, compared with 8,71 last ear, and Java and Madura. 3,862,459 tons, compared with 3,359,815 tons in 1923. —e LUMBER ORDERS HEAVY. New Business Picked Up Last Week, Reports State. According to telegraphic reports to the National Lumber Manufacturers Association here from 356 of the chief commercial softwood lumber mills of the country, the lumber movement showed a decrease in pro- duction and shipments for the week ending_October 11, while new busi ness picked up somewhat as com- pared with the preceding week. The 129 Southern pine mills in this combination showed unfilied orders of 222,954,480 fect at the end of I week, and 219,786,540 feet for mills the preceding week. Of the 356 comparably reporting mills, Jast week's shipments were 36 per cent and orders 92 per cent ef actual production,