Evening Star Newspaper, October 18, 1924, Page 23

FINANCIAT NEW YORK sToCK EXCHANGE | PRICES G0 HIGHER Received by Private Wire Direct to The Star Office SHARP ADVANCE - IN STOCK MARKET Shorts Forced to Cover in Day’s Brief Trading—Jump in Iron Products. By the Associated Press NEW YORK, October 18.—Specula- tors for the advance continued in con- trol of today's stock market, bringing about another sharp upturn in prices by forcing active covering by short interest: Revival of speculative interest in railroad shares, several of which ad- vanced 1 to 2 points, and bullish dem- onstrations in the public utilities pipe, motor, food and tobacco issues were among the principal develop- ments in the b jon of trading. American Waterworks ~ common climbed more than 4 points on publi- cation of a proposed recapitalization scheme. Iron Products soared points, General Electric 4, Delay and Hudson 4, and United Railwyas Investment preferred 3% Among the many issues to sell or more points above their previous closing were American Can, DuUont, Wabash preferred A, Worth- ington Pump and American Tobacco. The closing was strong. Sales ap- proximated 506,000 shares. CLOSING IS BUOYANT. Election Gossip Leading Factor in Saturday Trading. BY Special Disy STUART P. i to The Star. NEW YORK. October 18.—The Stock market was active and strong throughout the half day ion to Gay. Brokerage hou a coun w 5 with cliente S to the effy counting movement, the carly part of the fears that the election thrown into Congress, del month, might by General Electric General Elcetric was up 10 points from its midweek low The pool operation in Worthington Pump which carried the stbek up so spec- tacularly a few w ago _appeared to have been Woolworth bounded forwa id Cast Iron Pipe, with erity of stocks with It took pur-{ cha; to put point to move confor: on the c basis of More d Up. some renewed rd and 50 4 he usua a narrow market f only a few hundred shares | up Air Reduction nearly 2 American Water Works forward rather violently tc 10 the price of the new stock | T, the split-up being on the | Ve to one inite data_were available | regarding part which liquidating of the Allen estate n 3 plaved in the market c e week. | It was made known t contained 100,000 Products and $0,000 solidated Gas of 3 & bit of New York Cent completion of this three stocks w dated Gas gained mediately at the ope Central ran up over recent iow of Con- | also quite | With the | dation, allj Consoli- | roints im- | New York om the | shares American (. the market al across 13 points fron common actions most real leader of | was easily put was up five Steel along wher Friday cot o 1 Marland it ~ 1 ing arge trans- | showed the | ssive support of any mem- | ber of the oil group The rise in Wabash preferred A to 45, compured with 427 at Friday's | close. was accompl by confident | predictions that the long-awaited div- idend would he next meeting. The b Louis and | San Franc lifting that stock | above 32, was again very consistent. Other Southern and Southwestern rails were str The market closed buoyant with prices well up to the best H fing of St —————— LOANTOGERVANY WEEKSBGHUVE Better Tone in Oils, But Poor Report on Steel—High Freight Records. By the Associafed Press. NEW YORK, October 18. ful flotation of America’s $110,000,000 | portion of the $200,000,000 German | loan, which was five times oversub- scribed, was the outstanding develop- ment in this week’s financial mar- kets. So great was the demand for the new German bonds that they sold | at a premium of Jove the offer- ing price in the trading on the New York Stock Exchange Stock prices reacted ¢, but made irregu the closing days reasons were forthcoming break with most observers that it started with professio traders who took advantagc uneasiness existing over the political | situation and counted on the with- drawal of whatever banking support | had been provided to assure the suc- | cess of the German loan. Suece. arply Tues recovery Trade News Confused. Trade news was mixed in characte One of the most significant develop- ments of the weck was the heavy accumulation of oil shares which fol- lowed the announcement of the Praf- rie Line Company that it had ceased | prorating and was taking all the oil offered in fields where it operates. Other favorable trade news includ. e another decrease of nearly 27,000 barrels daily for the week ended October 11; dec- laration of the Sinclair preferred dividend, which had been reported in danger; reaching of an agreement be- tween leading oil men and Mexican government officials, and the an- nouncement of the president of the Texas company that the full year's dividend already had been.earned. Steel Shares Depressed. Publication of 4 relatively poor quarterly report by the Republic Steel Co. had a temporarily depress- ing effect on some of the independent steel shares. Coppers also were in- clined to yield when it was learned that the Chile company had earned only $1.22 a share in the first six month: Continuation of high car loadings and reports of further progress in consolidation plans had a beneficial effect on the railroad shares. Dec- laration of an extra dividend on Na- tional Biscuit common was reflected in the market price of that stock. Some large gains also were recorded by the public utilities. —_— ORDERS NEW RAILS. NEW YORK, October 18.—The Youlsville and Nashville has ordered ting out | of the | I in crude oil production | Air Reduct (15). Alaska Juncau.. Allied Chem (4). Allis-Chalm (4). Am Ag Chm pt. . Am Can (16). Am Can pf (7). Am Chuin A (2) Am Chicle........ Am Express (8). |am& ¥ PR, AmFor P £ pd(1) Am Hide & Lea.. AmHide & L pf. Am Internatl. Am Linseed. Am Locomo () Am Metal (3)... Am Radlator (4) Am Saf R (50c). Am Ship & Com. i Am Sm & Re (5) Am S & R pf (1) Am Stl Fays (3) Am Sugar...... Am T & Tel (3) Am Tobae (12) Am Tob B (12) Am Water Wks Am W W pf (6). Am Waoien...... m Wool pfd Am Zinc . Anaconda Arm of Del (7)., ArnCons & Co.. Aska Dry G (5) | Asso Ol (1%).. |AtT&SFe (6) Atl Birm & At.. AtGulf & W L., Atlantic Refin Atlan Ref pf (7). Austin-Nichols. Bald Loco (7). Pal & Ohlo (5) Bal & Oh pt (4) | Bang & Ar pf (7) Bayuk Cigar. ... ich Nut (2.40). Bethlehem Steel. Beth Stlpf (7). Beth St pt (8).. Hooth Fisheries Brk-Man Tran Srklve U'n G (4) Brown Shoe (4). Burns Br B (2).. Burroughs (4).. Butte C & Zinc. . Butterick Co... Cal Packing (6). Cal Pet (1%) | Calu & Ariz (2). | Calumet & H 50¢ | Can Pacific 110) | Cent Leather Co. Cent Lea Co pf.. | Cerro de Pasco(4) | Chana Mot (3).. | Ches & Ohlo (4. Chicago & Alton 1| chic & Alton 3t | Chic & Bast Il1.. Chic Gt West. Chic Gt West pf. Ch Mil & St P pf | Chi & Nwn (4) ChiRT& Pac. |cCRI&P L (). CRI&Pof (T € StPM&O pf (1) Chi Yellow C (4 Chile Cop (2%) Cluett, Peab (5). Coca-Cola (1).. Colo Fuel & Iron Colo Southern. .. | Col G & E (£.60). Col Carbon (4) Com Solv A (4).. Com Solv B Conley Tin Foil. | Consol Cigar. Consol Gas (55.. Comsol Textlie Cont Can (4) ... Corn Prod (2). Cosden Co. Crex Carpet. . Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug Cub Cane Supi.. Cuyamel Fr (4). Daniel Boone. .. Davidson Chem D're & Co pf (3). Del & Hud (9). Del L& W (8) puPtdeN (8).. Duq Lt st pf (7). aton Axle & S. . | €1 Stor Bat (4).. Emer Branting.. E£nd-John (8). Erie. . Erle 18t pf. Erfe 2d pf. Famous Pl (8).. Fed Lt & Tract.. Fisk Rubber...... Fisk Rubber pf. Fieischman (13%) Foundation (6). Freeport-Texas. Gardner Motor.. Gen Asphalt. . Gen Asph pf (5). Gen Baking (6) . General Elec(3) Gen El spe (60¢) Gen Motors. Gen Mot pf Gen Petm (2) Gimbel Bros. Goodrich. Goodyear P! Granby Consol.. Gray & Davis... Gt North pt () .. Gr Nor Ore (3) Grt Wstn Su (8). Gulf Mo & Nor. . Gu Mo & N pf (5) | Guir susu Hartman Co (4). Hayes Wh'l (3. : Househ'd Pr (3). | Houston O11. Hud Mot C (3) Hupp Mot C (1). 11 Cen 15t lin (4) indep Ol (1) ... Indian Motoreyc Inland Stl (2%). Inspiration Cop. interb Rud Tr Int Cement (4 .. int Com Eng (2) Internat Har (3) 1nt Mer Marine.. Int Mer Mar pf.. Internat Nickel. Internat Paper... | Int Pap pt st (6). | Int ity Cent Am. It T&T (6). lron Prod (6). | Invincible O | Tones Bros Tea. Jordan Mot (3). Kelly Spr Tire. . Kelly Spgfd pi.. Kenne Cop (3). . Kresge Dep Str. Lehign Val (3%) Lig & Myrs (3)... Lig & Myrs B (3) Lima Loco (4) Loews Inc (2) Loose-Wiles Bis Louls & Nash (6) McCrory B. Mack Truc! Mack Trk 1st pd Macy R H & C Magma Coppe Mallinson & Co.. Man El Sup (4).. Man El md gd 4. Manhat-Shirt (3) Maracaibo Oil Marland O11 Marlin Rockwell Maxwell Mot A.. Maxwell Mot B. May Dept St (5). Mex Seabd (3).. Miami Cop (2). 62,000 tons of rails from the Tenness sce Coal, Iron and Railroad Company. The Great Northern Railway also has bought 900 automobil cars from the General American C: Ariddle St Ofl. T StP&SSM (4. | “lix Kan & Tex. K& Tex o Company. « Open. High. 82% 83% 82% 1% 1% Low. 1% Close. 83% 1% % 1% 7% T1% B7% 57% &87% 67% 84 . 128% 115% 22% A% 112 115 116% 10 64 24w 18 1% 46% 116% 3 10% T4% 103% 147 13% 458 127% 106 11 57% 1% 62% 26" 37w 37% 81% 86% 8% 61 72 85% 8% 4% 20% 82 147 10% 5% 9% 2 69% 34y 84 33% 70 26% 13 4% % 19% 39% 24% 25% 49% 29 93 84 180% 115% 22% 23 112 116% 116% 10% 65% 26% 18 1% 464 1164 84 5% 1034% 36% 434 127 164 1620 118% 15 147 1315 5% 46% 82 834 iy 12 i8's S 21 19% 60% 324 7 147 2464 250 246 249% 10% 58 99% 4% 8 19% 40 25% 26% 49% 294 93 9% 374 18% 5% 72% 134 82% 50 12% 19% 34w 207 B4% 19% 17% 54ty “ 84 128% 116% 22% 31% 112 116% 115% 10 64 24% 18 1% 464% 116% 8 10% 4% 103% 6% 497y 240 66 5 17 89 21% 50% 15 147 13% 454 468 Bl4 ¥3% 54 85% 8% 61 Ms B5% 8% % 40% 82 147 10% 67's 29% 40% 57 29% 69 17% 3% 61% 28% 86 17 12 69% 34% 24 3% 70 26% 13 4% % 19% 29% 24k 256 9% 29 93 9 36% 18% 440 2% 13 824 43% 12% 19% 83% 20% 54% 19% 17 54% 45% 47 62% 62% 62% 60 17 68 96% 89% 971 9% 63% 83% 22% 43% 45% 35% 26% 4% 10 59% 18% 954% 23% 21 1% 30% 14% 44 84 130% 115% 22% 33 12 116 115% 10% 654 26% 18 h 454 116% R4k 10% 6% 103% 6% 434 127 164 1627% 116 90 5% 95% 7% 35% 84 8 18 28% 105% 2t 15% &8 1084 23% 118 €0 59 92 45 567 43% 238 107% 24% 147 18% 45% 46% 32 83% 123 134% 128 108 11 bT% 1% 63 217 87% 874 8154 85% 9 61 2% 85% 8% 45 40% 82 147 10% 68 9% 41 57 29% 69% 1% 3% 61% 28% 86 17% 72 0% 84% 34 344 70% 268 13 llinois Cent (7). 107% 107% 107% 107% T4% 8 19% 39% 24% 26 Int Bus Ma (3).. 106% 106% 106% 106% 494 294 93 9% 37w 18% 45% 95% 21 1% 80! 15 46 Open. High. 19% 204 55 56 86% 37 214 21% ™ 1% 48 18 72124 854 36% 3% 3Th 224 22% T 5% 5% 105 105 41% 4lh Sih 5i% 104% 1054 88k o8k 224 23 200 21% 23 28 w1 123% 124 33m 34 624 2% 218 21% 68% 707 4an 26 85 0 9 9 480 12% 51 51 204 Missouri Pacific. Missour) Pac pf. Montgom Ward. Moon Mot (3) Mother Lode Nash Mot (+10). Nat Biscuit (14). at Dairy (3) t Dept Store: Nat En & St. . at E & S pf (73. Nat Supplv (3) Nat Sup pf (7). NYAIrBr(4).. NYABra.. N Y Central (7). NYC&S!L pf (6) NY NH & Hart. Y Ont & West Niagar F pf1%. orfolk South. Norf & W (18).. North Am (2.40) North Pac (6)... Orpheum (1%). Otis Elev (n) (4) ©Owens Bot (3). Pa Pac Paciti, e G & B (8). Pactfic Mail acitic Ol (2) Packard (11.50). an-Amer (4). Pan-Amer B (4) PennC&C (4).. Penn Railrd () enn Seab Steel Pecp Gas Ch (7) Peorla & East. .. Pere Marq (4).. Phila Co (4).... 'la& R&l Phila & R&I ctfs Phullip Morris. . . Chillips Pet (2). Plerce-Arrow.. . Picrce-Arrow pt Plerce OMl.. ..... Pitts Coal (4)... Pitts Coal pf (6) Pitts Stl pf (7).. Pitts Ut pt (1.20) Pitts Ut ctfs 1.20 Pitts & West Va Pitts & WVa rts. P& W Vapf (6). Postum Cer (4). Press Steel Car. Prod & Reflners. PubSerNJ (4). Public Serv rts. . Pullman Co (8). Punta Al Su (5). Pure Oll (1%).. Radio Corp of A. Ry Stl Spi (8).. Ray Cons Cop Reading (4) Reading rts Read 2d pf (2).. Remin’n 2d (8) Replogle Steel. . Rep Ir & Steel. . Rey Tob B (3)... Roy Dth (4.42%) St Josepk: Ld (2) St L. San Fran... St L San F pf (6) St L Scuthwest. Savage Arm: ic Coast. oast 2d pf Develop. 128% 124 59 20 844 1054 1l 43% 76w 41% 331 B1% 69 40% . 62 ... 10TH Seaboard AfrL.. 14 Seab'd Alr L pt. Sears-Roebk (6) L ars-Roe pf (7) 119% Seneca Copper.. 1 hell UnOI1l (1). 18% Shell Un pf (6).. 95% Simmons Co (1). Simms Pet Sinclair O1l. elly Oil. . loss-Sheft (6).. South Pac (6) outhern Ry (6) South Ry pf (5). Spicer Mfg...... Std Gas & El (3) StOll Cal (2).... 7% StOIINT (1).... 35% StO NJpf (D). 117% Stand P1G1 (3).. 16% Stew't Warn (5). 534 Studebaker (4). 39% Submarine Boat. 8 SuperiorOfl.... 5 Texas Co (3). Tex G Sulph (7) Texas & Pacific Tex & PacC&O The Fair (7).... Tide Wat Oil (4) Timken (13%).. Tob Prod (6). Tob Prod A (7) Transcoat Oil. Un Pacific (10). Un Pac pf (4)... Utd Alloy Steel. Utd Cigar (3%). United Drug (6) Utd Ry Invest... Utd Ry Invest pt U S Cast Iron P U § Distributing U S ioff Mach.. U S 1nd Alcohol. U S Rubber. U S Smelting. U S Steel (16% U 8 Steel pt (7) Universal Pipe. Univer P pf (7).. Utah Copper (4). Utah Securities. Va-Caro Ch pf. . VaIr C&C pf (5) Vivadou. 7 93 667 762 11% 37% 40% 76 35% 8% 105% 119 35% 15% 16% 15 9% 87 10% 17% 22 111 62K 12 25% 63% K 5% % 87 107% 39 81 11% Wabash pf A. Wald Sys (1%) Web & Hellb(1). Wells Far (234). West Pen (4)... West Maryland. West Md 2d pt... Wastern Pacific. West Un Tl (7). West E& M (4). Whi & L Erfe. Wh Eag Ol ( White Mot (4).. Wickwire Sp Stl. Wilson & Co. Willys-Overl'd. Willys Woolw'th n (3). Worthing P'mp. W'th P DtA (D). Wright Aer (1), Wrig W Jr (3).. Yellow Cab (5).. {Partly extra, Dividend rates 22% 11 6215 12 26 63% 1 5% 8 67% 1081 4% 81 11% 107% 39 81 11% 42% 43% 2% 52% 63 52% $Payable in preferred s given in the above tal are the anpual ‘cash payments based on Iatest quarcerly or bLalf-yearly declaratio ss_otherwise noted, extra or specl dividends are not included. Markets at a Glance NEW YORK—Stocks strong; in- vestment rails lead advance. Bonds firm; Treasury 4%s at record high. Foreign exchanges steady; trading continues quiet. Cotton steady; fears sion house selling. Coffee higher; Brazilian buying. WEEKLY BANK REPORT NEW YORK, October 18.—The actual condition of clearing house banks and trust companies for the week (5 days) show an excess in re- serve of $36,392.680. This is an iIn- crease of $29,746,380, compared with last week. SPOT COTTON GAINS. NEW ORLEANS, October 18.—Spot cotton steady, 15 points up. Sales on the spot 380 bales; to arrive 750. Low middling, 20.65; middling, 22.65; good middling, 23.15; receipts, 7,082; stock, 211,036, RATES ON BAR SILVER. LONDON, October 18.—Bar silver, 357-16d_per ounce; money, 22% per cent. Discount rates: Short bills, °39-16a35% per cent; three months' bills, 3%a3 13-16 per cent, tropical storm. Sugar easy; commis- | AT END OF WEEK All U. S. Government Loans Strong—Treasury 4 1-4s at New High Level. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 18.—Higher prices were the rule in the bond market at the close of the week. The feature was the buying of United States ¢ ernment loans, and es- pecially the Treasury 41;s, the long- term issue. In the first half hour of business another new high record was established for the last-named issue, making it the third consecutive day on which this has happened. The other Liberty loans were mod- erately higher, with dealings on an unusually large scale for Saturday. On the week all the active United States Government issues have made gains, . French Bonds Heavy The high-grade investment rails and industrials participated, but to A less degree, in the strength of the Libertles. On the other hand, the foreign list was irregular. The new German 7s sold around last night's clote. French bonds were still heavy. although today's information w. that the proposed new French loan would be delayed for some time. The Strong spot in“the foreign group was the Czechoslovak 8s. both issues. Speculative rails rallied today in sympathy — with their respective stocks. St. Louis-San Francisco is- sues were prominent on the advance. The income 6s and the adjustment 6s vere mostly favored, but the prior mortgage bonds were also in better demand. Other low-priced railroad issues, such as Internationat and Great Missouri Pacific general 4s, rallicd from their recent lows. Seaboard Air Line 63 likewise were higher. Industrial Movex Mixed. Changes in the industrial list were mixed. Pressure appeared to have let up on the Warner Sugar issues, both of which have been weak the past six days. On the week, the feature in this section of the list has been the strength in the ofl bonds, notably the Sinclair 6l4s and Ts, ea points. Bearing upon the strength edge securities, it is note that the weekly statement of th 744 member banks in the federal re- showed an increase in the holdings of U. S. Bonds and U. cortificates of indebtedness amount ing to $16.000,000 against a decrease in Treasury notes and in other bonds mostly corporate of $9,000,000. in gilt Loans on Increase. This seems to indicate that on bal- ance the banks are still on the buy- ing side of the bond market. Loans classified as “all other.” meaning commercial loans, have increased ac- cording to the last report $25.000,000 against a total increase for the vear of only $111,000,000. It is quite evi- dent that no ordinary upward turn in business requirements will make much {mpression upon the total of available investment capital. CHICAGO LIVE STOCK MARKET CHICAGO, October 18 (Uhited States Department of Agriculture) Hogs—Receipts, 4.000 head; stead supply and demand balanced: toy 1 bulk desirable, 180 1o pound averages, 10.65a11.00; packing sows, 9.70a10.00; strong weights, pigs, largely S.50a 9.00; estimated holdover, 7.000. Mostly common grade heavyweight hogs, 10.60a11.25; slaughter pigs, better Cattle receipts—500 head; com- pared week ago, heavy fed steers 50 to 75 lower, In between kind showing most decline, choice handweight and | vearlings strong to 25 higher; ex- treme top vearlings, 12.60; handy- weight, 12.10; big weight, 10.90; grass steers, 15 to 25 lower; fat she stock expecting light helfers extremely dull and sluggish at year's low point; veal calves, 50 to 75 lower; stockers and feeders, 25 lower: spots more on lower grades; canners and cutters firm; bulls, unchanged: bulk prices follow: Fed steers and vearlin $.60a11.10; Western grass steers, 5.7 .25; fat cows, 3.7585.50; heifers, 1 a7.00; canners and cutters, 2.60a3 veal calves, 9.50a10.25; stockers and feeders, 5.25a7.25. Sheep receipts—2,000 head: today's receipts mostly direct: several loa fat native lambs steady at 13 13.50; culls, 10.50a11.00; for week around 11.000 direct and 183 double- decks Westerns; compared week ago: Fat lambs, 25 to 50 lower: fat sheep, 25 lower; feeding lambs strong to 15 higher; week's bulk prices follow: Fat range lambs, 13.50a13.75; natives, 13.00a13.50; _top, 1. comeback Westerns, 13.00a13.25; top, 13.50; fat ewes, mostly 4.75a6.75; top, 7.00; de- sirable feeding lambs, 12.50a13.25; ex- treme top, 13.40; full mouth breeding ewes, 6.25a8.50. —— BOSTON STOCK MARKET. BOSTON, October 18.—Following 1is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Tow. Close. 126% 3t & 1055 D% Am Tel & ‘opper Range . e Eng T & T Y & H Swift Inter SHORT-TERM SECURITIES. (Quotations turcished by Redmond & Co.) ——Close.— Offer. 1083 Aluminum ¥ Amer! : Anaconda . Copper_6x 1929, . Anglo American Oil 7i4y 1935, Assoctated Ol 6s 1833 . Bell Tel. of Canade 3% Centeal of Georgia s Central Teather 58 1925 Chi., Mil, & St. Paul Gs ol R. 1. & P Collmbia G “ontinent U Pont 7w 1831 Pegeral Sugar Ref. 84’1933 ¥isher Liody Corp. ue 192 Fisber Body Corp. 6e 198! Goodsear T. & R. Great Northern 7s 1938, Gulf il Corp. of Pa. G Humble 01 Ss 193 [T S i Tt New York Centra Short Line 4, 1929 Peonagivania K. It. Ta 1630, Pure Oll 5%s, A swift & Co. b8 Tidewater Ofl 6% Union Taok Car 1111 tinghouse . & M. L 108% Wheelits Bteel 68 1o TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Close.——, Bid. Offer. e mis - 100 15-32 100 1 100 25-32 100 29-32 101 1-16 101 3-16 99 31-32 100 1-32 101 9-16 101 11-16 102 1-16 102 3-16 10 1015 102 17-82 102 2132 . 102% 1025 s December 15, s December 15, March 15, 1925, March 15, 1925. June 15, 1925 September 15, December 13, 1925 Mareb 15, 1026, 33%s September 15, 1026, 33s March 15, ‘1627, 135 December 15, 1927, 1f you need work, read the want columns of The Star. Northern adjustments and h of which is up nearly two| interesting to | i 1 {Am Cotton Oil 5s.. | Consumers Pow Gs | Empire G&F T%s | ON NEW YORK BONDS STOCK EXCHANGE l Received by Private Wire Direct to The Star Office. UNITED STATES BONDS, (Bales are in $1.000.) ° Sales. High. Low. Close Lib 3%s . 106 100-28 10026 100-28 Lib 1nt 43s... 14 10212 102-10 102-10 Lib2a4%s... 886 101-21 101-16 101-21 Lib3d 4%s... 305 102-8 102-5 102 Lib 4th 41s.. 661 10216 102-12 102-15 US4Ks1962. 57 106-25 106-17 10618 FOREIGN. les. Higb. 5 93% 7 102% 20 94% 32 .13 Low. Close 93% 93% 1024 102% 94 944 96% 96% 109% 109% 1074 107% 1ila 113% 92% 92% 8% 3Th 83 €8 961 96% 101% 101% 102% 102% 1034 103% 1043 1044 97 9Th 103% 103% 107% 107% 106% 105% ur 95% 96 96% 8Lk 101 101% 101 101% 100% 100% 110% 111% BY% BI% B9 89% s0% 9% 957 88 94 1001 100% 104% 105 Y3t 98% 92% 92% 87% 87% e 91% 4% E1% 100% 9818 o8% Argentine 6s'37. Argentine Austria 7s Belgium 6%8s w1 Belgium 7% Belgium Berne 8; Bolivia 8s. Canada bs 1931. Canada 6%s 1929 “hile 7s 1943 Chile 85 1926 Chile 85 1941. .. Chile 88 1946 Christiania 8s ‘‘opennagen 6%, Cuba § . Caecho 8s 195! ~zecho 8s 1952 ct. Denmark 6s Denmark 5 Dutch E I 6343, DEIB%Ksct... Dutch East [ 6847 ‘utcn East I 6862 Finland s f 65 1945. Framerican 7% French Govt 7% French Govt §s.. .. Germany Ts wi.. 603 Halti 6s. .. Hungary 6%s Japanese 4s Japanese 6%s Jergens U M 654 Marseille 6s Netheriands 6 Netherlanda 6s°72. Norw 84w Ed 100 93bm 98 Norway 6s 1952 Norway 8: Orient Dev deb 63 Paris-Ly's-Med 6 Paris-Ly's-Med s. Prague 7%e E ueensland . Queensland g Rio de Jan 85 1946. Rfb de Jan 8s 1947. Rio Gr Do Sul 8s.. Sao Paulo State 8; Seine Dept. of 78 Serbs Crotes Slo 88 Sweden 6s. wiss 6% 3 1946 wiss Confed 83 JA Kingm 63%35°29. 2 110% 110% 110% Ud Kingm 6%s°37. 21 106% 105% 105% Uruguay 8s....... 106 105% 106 MISCELLANEOUS. Am AT Chem Tins 13 94% 94% 94% 38 91 91 91 16 95 Hely 85 2 100% 100 100 9% YTl T 101% 101 1014 102% 102% 102% 934 90% 104 109% 109% el Bdi Pl 94 96 96 101 101 91k £17 Bskh EK 105% 105% 9974 99% 1144 114 105% 100 147 Am Smit&R 1st 53. Am Sug ref 6s..... AmT& Tcltris Am T&T cltr AmT & T deb Am Water Wk Anaconda cv db s Armour & Co 4% s Armour of Del 6%s 16 99 90 Associated Oil 6s. 100 1015 101% Atlantic Refin6s.. 2 vil 98'a Bell Tel Pa &8 100% 100% Beth Steel pm b3. . B8Y% 8% Beth Steel 5%s 53 Bim 87 Beth ~eel 8 f 63 95 96 Brier H St st 5% 95% 96% Bklyn Edison 7s 1073 1077% Bklyn Union G 99% 99% Bush T Bldg 48 '60. 95 95 Calif Pete 6%s.... 1005 100% Central Leather 53 100 “hile Copper 6s. 105 mmonwth P 6s.. 97 “on Coal Md 1st 53 £3 90 944 4y 95% S5% 106% 106'% B4 Bdk 1 107% 105 105% 96% ¥7 1064 107 127 119 10344 103l 100 1004 974 9% 95 95 101% 1011 €8 8 B6% E6Th 94% udla 984 ¢9 98w 98% 984 9sk 991 99% 105 105 108 108 874 87% 93% 9uk 1004 100% 9674 wi 106% 106% 108 108 964 963, 100% 100% 90 90 9314 % 1084 1054 8Tl 874 93% 93w B5% rb% 1910 b e 0012 OV 23 09 Cuba Cane cv 7820 Cuba Cane cv d 8 Det Edison ref 6s. Donner Stee! Ou Pontde N 7% Ouques: Light 68 BTN ® O N odyear 8s 1931 ioodyear 8s 1941.. Hershey 68 1942. . Humble O&R 6%38. iliinoin Bell 18t bs tilinols Steel 4%3. Indiana Steel 53, Iot Mer Marine 63 Inter Paper 58°47. KCP&Lt5sA'S2 Kan G & Ei 6362 Kelly-Spring 8s Liggett & Myrs & Marnati Sug sf 7%s Marland Oil 85 °31. Mexican Petrol 8s. Midvale Steel 5s ct Montana Power b: New Eng Tel 58 NY Tel 4%s N Y Tel 68'41.. N Y Tel 684! Nortk Am Ed North Am Ed 6% Nor Ohio T&L 6 Nor States Pow & Nerthwst B Tel 7 ot Otis Steel 88, Pacific Gas & E1 58 Pac T & T 18t 6. -Amer Pete 7s. 5:5; Coref 6s A. Plerce-AITOW Punta Alegre ks & CostTs g‘l‘ncla‘\r 01l 6%s. Sinclair Of} 8. Stn Crude O11 Sin Crude Oil 68 Sin Pipe Line 6a. Southwest Bell Tenw Elec Pow 6s. Tide Wat Oil 6%s. Toledo Edp 15t 7s.. Union Bag & P 6s.. Unit Drug cv 8 104% 102 847 106% 108% B4t 90 102 1064 106% 1064 106% ndly Ba% 90 <0 100% 1004 100% 100% 100% 100% B4% B4 B4l 96% 964 965 % 9T% +103% 10374 109% 109% 109% 93% 93% 934 115% 116% 115% 84% B4 P4 103% 103% 105% 92% 92% 923 28 27% 28 82% B1% 821 90% 90t 90 98% 58% 98% 108% 108% 108% 99% 99% 99% 87% 87y 874 5l 50% 50% b62% B2 52% el wmnCto - ERNOA DN NHERA® WG ORE BRSO = o » warner Sug 7 Warner Sug 7 Wastern Elec 5 Wastinghouse 72 Willys-Ov 63833, Wilson & Co 1st (s 3 Wiison & Co cv 6: Wilson&C cv 7% Toungsn S& T €. 96 957 95% MONEY VERY ABUNDANT IN FINANCIAL CIRCLES By the Associated Press. NEW YORK, October 18.—Money is more abundant in Wall Street. Call money dropped to 2 per cent yester- day and all the big banks in the financial district appea in the market as lenders, flotation of the German loan apparently having little influence on the situation. Bankers take the view that stiffer money rates would result only from a sharp revival of business. Little demand from brokers for funds is reported by money lenders, many houses instead of borrowing are said to be paying off loans. 5 The Federal Reserve Bank will withdraw $1,685,000 from depository banks in the New York district next Tuesday. POTATO CROP SHORT. ATLANTA, October 18 (Special).— The sweet potato crop of Georgia this year will be 25,000,000 bushels short of the low crop of 1923. Grow- ers expect high prices and co-opera- tive associations have just closed contracts for thipment of 200 cars to California, Texas and Louisiana, where crops also are short. & oo Srens | RAILROADS. Bales. High. . 14 89% 1 9% 86% 994 102% 100% 997 9% 117% u7 79% 105% 102is 95% 88% 974 4% 8914 1013 71% 85 63% 7% Atchison gen 4 Atlantic CL 1at 4. B & Oref bs Balto & O 1st B& O é6s. B& O rf imp s, P & OSW aiv3 Bklyn-Manhat Canad North 634 Cdnada North 7s Canad Pac deb 48 Car Clinch & O Cent of Ga 6s. Thes & Ocv 4% Ches & O gn 43%n. . Ches & Ohio cv § Chi & Alton 3% Chi B&Q gn 49°58, Chi B&Q 1at rf 6y Chi & E Tl gn bs. Chi Great West s ChiM & St P 4328 Chi M&St P 3 CM& St Pdbd4s. Chi M&St P cv 4348 CM&StPgn é%s. Chi M&St P rf 4138 Chi M & St P cv bs. ChIM &St P 6s Chi & N W ref 6s. Chi& N'W 6%s. Chi Rys6s.... . ChiRI& P gn 4s.. ChIRI& P rf & Chi Un §ta 4%s. Chi Union Sta 5 ChiUn Sta 63 Chi & W ind 714 CCC & St L 6s CCC&StLrf6sA. Cleve Term 5s. . Cleve Term 51 Colo & Sou 4%s Del & Hudson 5348 Den & Rio G cn 4 D & Rio G imp 6s. . Erle 1st con 4 Fric gen 4s.. Erie conv 4s A Erie conv 4s D.. Erie & Jersey 6s.. 1 Trunk =f dh 6; Grand Trunk 7s. Great North 5s. . Gr North gen 5% Gr North gen 7. Havana ERL&P bs Hud & Man ref 5s.. Hud & Man a} 5: Int Rap Tr 65 stpd. 2 Int Rap Tran 7s Int & G Nor 1st 6; = 1o @ 9 BN CE PPN IO TR JUPoY PR or ey » —aoNmEma©OR D lowa Cent 1st 55 Kan City Ft Sds. .. Lake Shore 43 31. M StP & SSM 6% MK&T4sB...... M K & T adj 6 MK&TprinssA MK&TE6sC. Mo Pacific gn Mo Pacific & Mo Pacific 6s.. Montri Tm 1st s NO Tex & M NOTex & M5 N Y Cent r i 5 N YCent deb NY CenLScl N Y Centdebds... NYChi&SLb%s. NYC&StL6sA New Havenc d 6 New Haven 7s fr. NYOnt& W ret 4s NY Ryrf 4sctfs. N Y Rys ad)j 51 Y State Ry 4% Y W & Bos 4% Jorfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s. Northern Pac 4s... Ndrthern Pac 68 D Northern Pacr | Ore & Calif 1st 5a.. Ore Sht Lcn 55 "46. Pennsyl con 4338 Pennsyl gen 4%s.. Pennsyl 64s. . Pennsyl gold 7 Pere Mrq 1st Pere Marq 1st 6a. Reading gen 4s Reading gn 4%s. .. RIArk & L4%s SUL IM&S 48 2 St LIM&S R&G 43, StL&SFplésA.. StL&SF5%48D. StL &S F ad} 6 S SFinc6s E SFplésC.. StLS W 1st4s. StLS W con 45 '32. Seab'd A L ref 43, Seab'd A 2dj s Seab'd A L con 6s.. Sou Pacific 41 °29 Sou Pacific ctl 4 Sou Pacific ref 4s.. Southern Rv sn 4. Soutiern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%s. . Term Asso St L 4s. Thizd Ave adJ & Union Pac lst 4s... Union Pac 48°27... Union Pac 1st rf 58 Union Pactfic cv 68 Virginia Ry st 6 . Wabash 2d 53 Western Md 4s West Shore 1st 4 Wheel & LE cn 4s. Whel & LE rf 438 Wikes-B&E 1st bs. 196 s 80 menen o= T T ISP B R S-S P PR YO8 R @ L L L 64% 643 Qctober 18 (Special) — 100 pound: 50al weet potatoes, barrel, 8, 2. 090, bushel, 1.00a . Beets, 100, 3.00 . bushel, 35a40. Cabbage, Carrots, 100, 3.00a5.00 : 50a65. Celery, crate, 1.50 , dozen, 10a30. Caulifiower, | 5a2.50. Lima beans, bushel, Lettuce, bushel, 50a1.50. 100 pounds, .00, Pepper: 40a65. Spinach, basket, 23a35. Pumpkins, 100, .00. Tomatoes, 40a65 ; ng stock, bushel, 20. Turnips, basket, 40a50. barrel, 2.00a5.00 ; bushel, 75a et, 1.00a1.10. Peaches, | Pears, basket, 15 Quinces, bushel, 1.00a 43.00. Onion basket, bushel, 1 1.50. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, 1.60% o. 2 red Winter. garlick 54: No. 3 red Winter, garlicky, 1 Sales—None. Corn—Cob, old rel; old white, 6. corn, yellow, } cellow, 6.50 per bar- 5 per barrel; track . 1.30 asked. asked per Hay—No receipts. The demand for hay is moderate and confined almost entirely to the better grades of timo- thy and light clover mixed. Medium and low grade hay in ample supply is slow sale at irregular discounts. Quotations today: No. 1_timothy, 21.00; No. 2 timothy, 1 a20.50: No. 3 timoth 17.00a18.00; No. 1 light clover, mixed 18.50a19.00 No. 1 clover, mixed, 17.50a18.00; No. 2 clover mixed, 15.00a16.00. Straw—No. 1 wheat, mew, 3 12.00a No. 1 oat, 13.00214.00. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Selling checks today. London, pound Montreal, dollar Paris, franc Brussels, franc . Berlin, mark Rome," lira . Zurich, frane . | Unitea | generally Prague, arsaw. zloty FINANCIA WHEAT PRIES UP ON FOREIGN BUYING Short Argentine Crop Boosts Market Here—Corn Causes Surprise. By the Assoctated Press. CHICAGO, October 18.—Anxiety over the crop outlook in Argentina h Joined with renewed foreign buying in this country and given wheat priee k to the highest point for the December deliv- a we showed corn w down, and oats at % to 115 off. provisions the mnet ¢ from 5 decline to a r Enormous Forelgn Buying. Advices telling of drought, and unseasonable cold in Argen and predicting th wheat crop smaller than yea hand with export purch States and Canadian wheat rapidly mounted up into man million bushels. It was current gos- sip also that Euro buyers had heretofore been coun southern h least equal to t L uieting estin requirements for bread: and F were given particular no- tice in cc ection with the remark- ed buving of whea for Eu; Reports also that new Canadian wheat was grading unusu- v low were 1 wise the subject of a good deal of co Corn Crop Much Better. Sharp breaks in the price of corn ulted from a4 largely on an opinion from sicuous trad ¥ r weather in ober had achieved mpossibl a contrary somewhat & belief, the great bulk of the cori crop would mature. It was f predicted also that the next Govern t report would show a decided in- i ate of corn rning wher. to to In frost that uffs in It neral cre A b crease in stocks of lard Noisted the provision market. COTTON QUOTATIONS CLOSE WEEK STEADY October 18.—The red firm today ints on October. points hig 17 to 34 s closing in th advancing to for over the week ¢d by uncertainty of rse of th al Active above hour, Active cove end was promot the further co; storm and the firm she & of Liv- erpool, where free offerings of sp srbed by covering and trade Octoher .. December New Orleans Quotations. 15 October . December ... Opening—October, January. bid Washingcon Stock Exchange SALES, '33—$1,000 at $1.000 at 95, $50 Bank—10 " at e, and lnve —0 at 0 ut 9. AFTER CALL, K. & ref. Gs 19 Washington Rwy $1.000 at 083, Washin Washington 100 at 1003, ias Light—2 at 313 Rwy. & Elee ds- BONDS. Bid and Asked Prices. PUBLIC UTILITY, S1.000 4t Ty American Tel. & Telga. 4s American Tel. & Telga. {lus Am. Tel. & Tel Anacost: Anacost C. &P C.&PT . capital Traction R City & Suburben Wash| Ales. & Mt Wash., Balt. & Aunap. Washington ¢ Washington ¢ Wash. Rwr. & EI Wash, Kwy. & Elec MIS D. C. Paper Mfg. ¢ itiggs Kealty 2x (o Riggs Realt) uthern Bidg. Blys...... . Mkt Cold Storake 35 Wardman Park Hotel STOCKS, PUBLIC UTILITY. American Tel, & Telga.. Sopia Tract ks Whditgton, Ga Sortolk e Wi Waah: prd. NATIONAL BANK. National Capital. a2 olumbis Commercial District * | with Second Chiabiaeiad Seonar ik GV ahingion TRUST COMP American_ Security Continental Trust Merchants' Bunk.. National Savin, Trust.. Commerce & st Washington, 2 . Savioks & Com... ... Seventh Street Savings. U. 8. Savin Washington tumbla Title foal atate Titic. . MISCELLA Transter & Storage. i butch Mar O1c Dmcit Market ped-s Panaton. Mono Becurity Stor: Washington > Yellow Cab .. SEx dividend. tEuny Other Financial News on Page 24. i enlarged | CONTRACT FOR NEW BANK IS AWARDED Lipscomb & Co. Gets Ana- costia Award—D. C. In- vestors Warned. BY CHAS. P. SHAEFFER. William P. Lipscomb & Co. has been awarded the contract for the cone struction of the new Anacostia Bank, it was announced this morning by Maurice Otterback. president of the titution. The bids were opened about k a0 and the successtul | applicant chosen last night. | Work on structure will _be |started next Tuesday morning. The & Wwill cover an area of 33 feet Avenue, with 19 feet on U It will be built of Bedford Milbourn, Heister & Co., architects, |drew up the plans Ford “Unita” sbile owners in Washington |are receiving an invitation to become | part owne ord Motor Com- i pany of he invitation is investment trust Motor Com- sited with a American units" are ch share s0 depos- e being offered ern, by mail, to : thus returning 00 for cach share of stock on Sale. the fiem §6 usteed i this respect, the Better Business | au of the District of Columbia WArDS prospective investors that the stock in ques listed on the New York Curb, has moved in a range from $410 to $480 per share since January 1. It closed on ober 16 at $460. On this imm it brings the New York concern | & gross profit of $140 a share on the | trage n, | ition is made in {of 4 rket for the “Units.” Market- wise they are, of course, worth only about £4.60 for each unit offered to in- | vestors at lure of the | e 1 { purchas A letter from the Ford Motor Co. Ltd. reads as follow : do we recommend trad- shares of this company. \lly recommend ase of fraotional son that the price in excess full share; company do denomina- full ‘share. there for representation shares in any der’ meeting of the circular “Ford" hasty name to be may |ing in but we do against the shares for the th ss than one vision | b ailures his week, the total eported R. G. Dun & ng three less than the 1 40 below the same There were more s week in the East and than last week, and fewer in South and on the Pacific coast. Unlisted Quotationx. “bid” and ed securities guidance of hold- in the Sta 1 | week befor ek r following lates| " pr for unli d for the e issues BONDS. vs Club 5s. 1 unsey Co. - Ball Club. | Woudridie & Langdon Sav. Bk i SR | BUTTER PRICES HIGHER. | cHicAc | sdvance: :'.anwl on October 18.—Fractional butter prices were a narkets during the | week, due to short supplies and a fair {general demand. Some accumulation inl‘ medium and undergrades occurred. A fair out-o g€ movement cone . but as it did not equal withs drawals g0, a steady and able a surplus ulted ously was one of the largest on record. n "kets developed some but the prospect of relieving { the domestic situation by export were {not dered bright at current pri osing wholesale prices and : re butter, follo Chicago, % higher at 38; New York, 1, higher at 391: Boston, i3 higher and Philadelphia, % higher | CHICAGO GRAIN PRICES. CHICAGO, October 18 —Scattered selling at the outset eased off wheat | values here today during the early dealin Irresponsive cables from | Liverpool were chiefly respnosible for the early dip. More favorable weather in the Canadian northwest tracted considerable attention, as it pointed out that the movement of wheat from that territory is ex- {pected to show a material increase. | The market was nervous and re- |sponded quickly to any good buying lor sclling. 1 Opening prices, which |ranged from 1% higher to % lower, {with December 150% to 151 and May 154 to 154%, were followed hy a ma- 1 sag all around and then later ght general recovery. Corn and oats were governed, more or less, by the action of wheat. After {starting at unchanged figures to % off. with December 108% to 109, corn | values rallied a little all around with [the upturn in wheat. | vats were unchanged to December 33% to and held near to all at- 3% down, 53% at the start, the initlal rang Provisions lacked support. DAIRY PRODUCTS. BALTIMORE, October 18 (Special). ¢ — Spring _ chickens, Lezhorns, 21a24; old : Leghorns, 17al8; old s, 15a16; ducks, 17a25; pigeons, a30; guinea fowl, each, 40a75; turkeys, old, pound, 3 Brgs—Receipts 1 cases; native and nearby firsts, free cases, dozen, id, 45; quotations, 45. amery, good to faney, 40242; nearby cream- . 30232; store packed, butter, 34. | | | | i Cr SUGAR CANE CROP POOR. NEW ORLEANS, October 18 (Spa- cial).-—Government forecasts for the Louvisiana sugar crop place the total lat 37,000 tons, the lowest output for This was due to drought. in cane crops of other is causing an un- for sirup and more of the 1924 crop wil be made into sirup than ever before. Advance sales of sirup are being made at 4ic & gal- lon, with planters asking 45. usual demand