Evening Star Newspaper, October 22, 1924, Page 26

FINANCIAL. OIL SHARES LEAD INFINAL TRADING Is Rise in Gasoline Price Cause—Whole Market Shows Strength. BY STUART P. W Special Dispatch to The Star. NEW YORK, October 22.--The stock market continued strong today. Some of the big V 1 street houses we openly advising their cu pmers buy, character'zing the upward swing iscounting the election.” This advice was readily taken and ther was an inrush of buying orders from all over the country which materially swelled the volume of business. 01l Shares Respond. The advance i nounced late Tuesday, met with prompt response in the oil shares. These stocks had been under accumu- lation for the la month or more. They had shown by the way they re- sisted the latest of the price cuts during the Summer that they had gone into strong hands and were only awaiting the least encouragement in the trade news to start forward Pretty much the entire group were swept forward. Pacific 0Oil transactions. bought as it T. gasoline pric 50 large was heavil passed through 25 Texas Company, ahove 41, attracted much attention while all of the other leaders, like Phillips Petroleum, Pr ducers and Refiners, Sinclair, Houston, California Petroleum and Pure Oil were active ond strong. General As- phalt went with the rest Rubher Stocks Stronger. Rubber and tire shares appeared to have got over the effects of the recent casual price cutting and re- sponding again to the much improved position in the crude rubber industry. American Hide and Leather stocks in the i the preceding day med to have discounted the cement after the close of business that a re- capitalizacion plan had been worked out which wouid take care of the 110 per cent back dividends. American Can again w leader am the re advancing readily.. U. S, Steel com- mon was actively dealt in, but was rather held back by the b weakness in Bethlehem #0ld most of the day under 10 dustrial Alcohol resumed its adv and Cast Iron Pipe appeared to have got over completely the effects of the adverse court decision. The nount—s7 necessary to clear up back dividends mparatively slight the way the company's earn- ings have been running for the last two years. Specialties Alxo in Demand. Among the specialties United Drug. Mallinson, »rnational Combustion Enginecring, Montgomery Ward, In- ternational el, and Mack Trucks were in demand. Columbia Gas and Electric at 44 was within a point of its_extreme high The market refused to believe enthusiastic predictions that Nov ber 4 was to be followed by a great forward movement which would in- volve all lines of industry. It regis tered. as it had on the previous its opinions that the elections likely to relieve the uncertainties which surround the sugar trade and the woolen trade, and that the in- dependent steel companies are not going to find their troublesome prob- lem of inadequate profit margin set- tled right awa Most stocks representing these va- rious lines either hung back, refus- ing to join in the upward swing, or else were definitely weak HAYNES AUTO FIRM DECLARED BANKRUPT By the Associated Pre INDIANAPOLIS, Ind., October 23.— The Haynes Automobile Company of Kokomo, Ind., was declared a bank- Tupt by United States Judge A. B. Anderson tod. who referred the case to Harry C. Sheridan of Fran fort, referee in bankruptey. An i voluntary petition was filed again the Hayn Company on September by the Chicago Tool and Kit Com- pany, the Grinding Wheel Clearing House of Detroit and H. Merrificld of Chicago, — SHORT-TERM SECURITIES. (Quotations furcished by Redmond & Co.) crossed Cosden on is c in Aluminum Co. of Amer. 7s 1925 Aluminum Co. of Amer. 7s 1 American Bugar 6s 193 ‘American Tel. & Tel. Anaconda Copper 6s 1 Central Lea Chi., Mil Chi; R. 1 Colymb! Continental Du Pont 7%s 1931 4 Federal Sugar Ref. Gs I Fishe: Body Corp. os 1 Fisher Body Corp. 6s I Goodyear T. & R & 1631. Great Northern 7s 193 Gult 0il Corp. of P Humble Oil 5 Oregon Short Line 4s 1 Penusylvania R. R 8. Rubber Western Union Weitinghouse E. Wheeling Steel 65 192 TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ~———Noon.—— Bla. ofter) 100 132 e SO0 e L 100716 1009.16 23,0 December 4%s December 1 4% 4% ‘a:sflr«-h i3, b } Stock of Corp; . . record. Butler Bros. do_pt W. Wrigiey, Ji W, Wrigley, Jr. W. Wrigley, J W. Wrigley, J . Corporatios. - Oct. Z5—Cerro De Pasco Coppe Oct. 2—General Cigar Co., I Oct. 24—Allls-Chambers M Oct. 24—Havana E. R. L. & P, Oct. 24—Havana E. R. L. & P. pf. Oct. 24—Pacific Bank .. Oct. 24—Washburn Crosby Co. Df..... L7 00 SPINNING MORE ACTIVE. Cotton spinning activity showed an increase in September as compared with August and July, according to the Census Bureau's monthly report lssued today, to | lar favorites, | $2 and $2 ex 5 | 1 | | | i } o THE EVENING STAR, WASHINGTO NEw YORK STOCK EXCHANGE | | RAILROAD ISSUES Received by Private Wire Direct to The Star Adv Rumley. ... Adv Rum pf (3). Alr Reduct (5. Ajax Kubber. . Allled Chm pf (7 Allis-Chalm (4). Am Agricul Chm Am Ag Ami Beet Am Beef Am Rosch. . ..... AmBrS&F (5). AmS& Rpt (7). Am Can (16). Am Can pf (). Am Car & Fy(12° AmC& Fpf (7). Am Chicle. .. . Amer Chicle ctfs Am Drux Synd Am Express (6). |Am& FP25%(T, AmFor P £ pd(7) Am Hide & Lea.. Am Hide & L pf. AmJce (T).... | Am Ice pf (6) Am Internatl. Am Linseed Am Locomo (6). Am Metal (3)... Am Ry Exp (6) Am Roll M pf (7) Am Saf R (50c). Am Sm & Re (5). Am Stl Fays (3). Am Sugar....... A Sugar pf (7). Am Sumat Tob. . Am Sum Tob pf. Am T & Tel (3). Am Tobac (12).. Am Teb B (12).. Am Water Wka. Am W W pf (6). m Waoolen. Am Wool pfa (1) Am Zinc. . 5 Am Zine p Anaconda . Ann Arbor. Ann Arbor pf. Arm of Del (7 As=0 Dry G (5)° Ass0 Ol (1%) ALT &S Fe (6). AT&SFpf (5). Atl Birm & At Atl Coast L (18). AtGulf & WI... Atlantic Refin Austin-Nichols.. Auto Knitter.... Rald Loco (7)... Ral & Ohlo (5). Barnet Leather. sarnsdall A Bayuk Cigar. 'ch Nut (2.40). | Bethlehem Steel. Reth St pf (7). Beth Stl pf (3) Booth F RBrk nrk Br Man T pf (6). nUnG (4) Brown Shoe (4). Burns Br (10) . Burns B. B (2) Burns Brpf (7). Burroughs (4) Butte € & Zinc. . Butte&Superior. Butterick Co... Cal Packing (6 1Pet (1%).. llahan Z Lead Calumet & H 50¢ ~an Pacific +10) Case Thrs'g pt.. ‘ent Leather Co “ent Lea Co pt Cerro de Pasco(t Certain-Td Prod Chand Mot (3).. “hes & Ohio (4). Ch & O pf (612).- “hicago & Alton Chic & Aiton pe. Chic Gt West.. . Chic Gt West pf. Ch Mil & St Paul Ch Mil & St P pt “hi & Nwn (4) Ch & Nwn pf (7) Ch Pneu T (5) “hiRI& Pac... CRI&PDL(6). CRI&PDI (D). ChStP Min & O. . C StPM&O pf (7) “hile Cop t2%) Chin. Copper... Cluett, Peab (5). Coca Lola (7).. Colo Fuel & Iron Colo Southern. .. Col So 18t pf (4). Col G & E (2.60/ Col Carbon (4) .. Com Ir Tr (63¢). Com Solv A (4). Com Solv B..... Congoleum (3. Conley T1: Foil. Consol Cigar. . . Con Gascf B (8) Consol Gas (6).. msol Textilo . Cont Can (4) Cont Mot +802) . Corn Pro. (2) Cosden Co....ue Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su pt.. Cub Dom Sugar. Cub Dom Sug pf. Cuyamel Fr (4). Daniel Boone. .. Davidson Chem. Del & Hud (9).. De L& W (6).. Det Ed Co (8) Dome Mines (2). Doug-Pectin (1) DuPtdeN (8).. Duq Lt st pf (7). Eastman (17%). . Eaton ...le & S E) Stor Bat (4 Elk Horn Coal. . End-John (§)... Erle Erie 18t pt Erfe 2d pf... .~ Exch Buffet (2). Fairbanks Co. .. Fairb'kys (2.60) . Famous Pl (8).. Famous Pl pt (8) Fed Lt & Tract. F'dM &S pt (7). Fisher Bdy (10). Fisk Rubber...... Fisk Rubber pf. Fieischman (13%) Foundation (6). Freepor:-Texas. Gardner Motor.. Gen Asphalt. ... Gen Asph pf (). Gen Baking (6). Gen Bak pf (8). Gen Clgar (8) Gen Cigar pt (7). General Elec(s) Gen El spe (60c) Gen Motors. . Gen Mot db (6) Gen Mot pf ( Gen Petm (2)... Gimbel Bros.... Glidden Co. Gold Dust..... Goodrich E Goodrich pf (7). Goodyear pf.... G'dyear pr pf (8) Granby Consol. Gray & Davis, .. Gt North pf (5) Gr Nor Ore (3).. Grt Wstn Su (8). Gr Canan Cop. .. Gulf Mo & Nor... Gu Mo & N pf (5) Gul? St Stl (5)... Hartman Co (4). Hayes Wh'l (3. Homestake (7). Househ'd Pr (3). Houston O1l..... Hud Mot C (3).. Hupp Mot C (1). Hydraulic Steel. Illinois Cent (7). Indian Refining. Inland Stl (2%). Open. High. 10% 10% 39 82% 9% 12% 634 78's 78% 27% 1813 8% 45% 80l 105% 5% 5% 45w se 82 8314 102% bl 12% % 23 1% 19% 60% 107 84 83 185 89 45 82 31% 19% 56 % 41% 14 60 43 20% 1364 0% 2% 5% 6% 374 245 G4ty 29% 11% 57% 6% 50% 50 10% 478 123v 155% . 109 15 12 128% 106% 109% 11% 57% 12% 108% 5% 9% 39 Low. Close. 10% 39 82% 9 12% 344 87 694 25 82 104 1i0% 116% 164% 120 34ta 324 5% 1us 115% 1154 12 67% 10% 39 83% 9 17 58% 12% 35% 374 69% 25 82 104 314 116% 164% 120 4% 324 5% 114 115% 11o% 12 63 Inland Stl pf (7). Inspiration Cop. Interb Rad Tr. Internat Ag pi.. Int Bun Ma (¥). . int Com Eng (2) Internat Har (5) Int Mer Mar pf.. Internat Nickel. Inter Nick pt (6) lnternat Paper.. int iy Cent Am. InNtT&T(6).... Intertype (t1%) iron Prod (8). invincible Of Jones Bros Tea. Jordan Mot (3) Jones & Lau (7). Kansas & Gulf.. Kan C So pt (4). Kan City South. Kayser Jul & Co Kelly Spr Tire Kenne Cop (3) Keystone T & R. Kinney G R Co Kinney pf (8) Kresge Dep Str. Kresge D S pf (8! Laclede Gas (7) Lee Rub & Tire. . Lehign Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4).. Loews Inc ) Lorrillard (3). Ludlum Stl Melntyre (15c) .. Mackay Cos (7). Mack Cos pf (4). Mack Trucks (6) Mack Trk 1st pd Mack T 1st (7).. Mallinson & Co.. Manati Sug (5).. Man El Sup (4). Man El md gd 4 Manhat-Shirt (3) Maracaibo Ofl. . . Market St Ry. Marland OIl.. ... Martin-Parry (4 Maxwell Mot A. Maxwell Mot B.. May Dent St (5). Metro Ed pf (7). Mex Seabd Mianu Cop (2) Middle StOfl.. .. Minn & St Louis. Mis Kan & Tex. Mis K & Tex pt. . Missourt Paclfic. Missourl Pac pt. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode T5¢ Nash Mot (110) Biscuit (14). at Cloak & Suit at Dairy (3). at Dept Steres. N DS Ist pf (7). Nat En & St. Nat Lead (8) .. at Ry M 2d pf. . Supply (3).. Or T&M 123% . Nwpt U Gas (5). NY AirBr (4)... Y ABra ) N ¥ Central (7). NYC&StL (6). NYC&SIL pf (6) . & Har (5). H & Hart. Y Ont & West. Y Stea pf ( Niugar F pf 1% Norf & W (18).. No-th Am (2.40) North Am pf (3) North Fac (5). Nunnally Co (1). Ohio Body & B.. Orpheum (1%).. Otis Elev (n) (4) Otis Steel. . Otis Steel pf.. Owens Bot (3) Pac Coast 2d pf.. PacG & E (8). Pacific Ol (2). Packard (11.50). Pan - mer (4).. Pan-Amer B (4) farish & B stpd. Park & Tilford. . Penn Railrd (3) Penn Seab Steel. Pecp Gas Ch (7). Peoria & Kast... Pere Mara (4)... Pere Mar pf (5). Phila Co (4). Fhila& R&I Phillip Morris. .. Phillips Pet (2). Pierce-Arrow. .. Pierce-Arrow pf Plerce Oll.. ..... Pierce Petrol Pitts Coal (4). Pitts St pf (7) ‘Pitts. & West Va. Pitts & WVa rts. P& W Vapf (6). Postum Ce- (4). Prod & Refiners. Pub Ser NJ (4). Public Serv rts. Pub S NJ pf (8). Pullman Co (8). Punta Al Su (5). Pure O1l (135). Radlo Cr.rp of A. Raaio Crp pf (7) Ry Stl Spg (8) . Ry St Sg pf (7) Ray Cons Cop. Reading "¥).... Readins rts. Read 2d pf (25... Reis Robert.. Remington T>pe Replogie Steel Rep Ir & Steel.., Rep1&Spf (7). Reyn'd- Spgs (1) Rey Ton B (3)... Roy Dth (4.42%) Rutland pf. St Joseph Ld (27 St L San Fran... St LSan F pf ( St L Southwest.. Santa Cecilia. Savage Arms Schulte (8) Seabosid Alr L. Seab’d Air L pf . Sears-Roebk (6) Sears-Roe pf (7) Seneca Copper. . Shell Trad (2.06) Shell Un Ofl (1). Simmoas Co (1). Simms Pet. Sinclair Ofl Sinel'r O pt Skelly Oil. . Sloss-Sheff (6) Sloss-Sh pf (7).. So P Rico Su (6). South Pac (6)... Southern Ry (5) South Ry pf (6). Spicer Mfg. . Spaulding pf (7) Std Gas & El (3) St Ol Cal (2) StOfINJ (1).... StOll NJ pt (1). Stand P1GI (3).. Stew’t Warn (5) Stromberg C (8). Studebaker (4).. Submarine Boat. Superior Oll. Telautograph. .. Tennessee Copper Texas Co (3).... Tex G Sulph (7) Texas & Pacific. ex & PacC & O. 'hird Avenue. Tide Wat Oil (4). Timken (13%) Tob Prod ($) Tob Prod A (7).. Transcout Oil... Underwood (3). Un Pacifie (10) Un Pac pt (4) Un Tank Car (8) Un T Car pf (7).~ Utd Alloy Steel.. Utd Cigar (3%). e Open. 106 24% 2% 8% 104% 29% 9% 36% 18% 0% 454 13 82 28% 50% 13% 17% 100% 10% 624 63% 61 €0% 1nty 59% 19% 844 9% 42% 10% 42% 83 16% 76% 43 61% 3% 36% 72 42 1% 63% 110% 16 28% 1t iz21 1% 35% 18% 30% 16% 17% 80% 20% 68 20 66 93% 66% 8% 12 97 38% 68% 36% 1% 15% 54 65 39 8% 5 9 ™% 41 8 85% 8% 13 1234 36% 645 2% “w 37% 138% T4% 124% 113% 20% Office High. 106 24% 28n B8l 104% 30% 95 87% 19% 904 46% 13% gz 8% 614 14 17% 3414 110 % b65% 224 20% 17% 106 24% 27% B 104% 20% 93% 36% 18% 90% 44 13 82 28% 50% 18% 17% 34% 110 W 66% 21% 20 17 464 1% 5% 974 46% 94 100% 524 9% 6% 9% 106% 69% 26 6074 18% 108 129% 43 23% 2% 46% 127% 116 11% 69 19% 84w 9% 423% 10% 42 83 15% 6% 2% 61% 33% 861 2% 41% 1% 63% 109 16% 28% 109 121 4 1% 85% 18% 30% 14% 17% 80% 20% 68 20 66 93% 65 8% 12 97 85% b8% 36 117% 15% 54 65 58% 36% 117% 15% 54% 65 89% 8% 8% 8% 5 % 9 9 % % 41% 40% 9 78 36% 354 9% 8% 13 13 123% 123% 86% 36% 64% 63% 2% “% 4% 37% 138% 4% 124% 118% 204 20 AR Low. Close. 106 24% 2% 8% 1047 30 95 3% 19% 90% 44 13% 82 284 50% 13% 174 17% 0% 20% 68% 90 66 8% 654 8% 12 97 38% 58% 36% 117% 15% 654% 65 88% 8% 5 » % 4% 8% 36% % 13 123% 36% 63% 2% % 37% 139% T4% 124% 118% | into southern Maryland. | note | trains | Paris, LEADERS IN BONDS September Earnings Reports Aid Buying—Sugar Liens Very Weak. By the Associated Press. NEW YORK, October 22.—Railroad issues led an upward movement in bond prices in today's early dealings. imulated by the favorable Sep- tember earnings reports of leading Western carriers, buying activity was extended to a wide range of railroad morfgages, including St. Paul, Wheel- ing and Lake Krle, Chicago Great Western, New York Central, Frisco, Iirie and Seaboard lines. i Trading in St. Paul bonds was marked by one of the periodic bufsts of buying based on current prospects, which carried prices 1 to 2% points higher. The 4%s of 1923 and the- 4s of 1924 und 1934 atfracted the hest demand. Sugar company bonds were con- spicuously weak, being unsettled by disturbing trade reports from Cuba. Warner Sugar 7s and refunding broke more than 2 points each to new 1924 lows at 87 and 78, respec- tively. United States and foreign govern- ment obligations were firm, with the financial district displaying interest in reports that Jugoslavia and vakia were seeking loams in TODAY'S NEW OFFERINGS. Panama Canal Issue Attracts Con- siderable Attention. BY GEORGE T. HUGHES. W YORK, October 22—High- grade Investiment issues were all areund Tuesday's high points. The recent strength in the Tgeasury 41s led to the report that the Govern- ment contemplated a new long-term refunding issue. A more probable ex- planation, however, buying by banks mostly outside of New York. Itimore and Ohio first 48 and New go and St. Louis 5ls the rallroad bonds in Foreign bonds were mostly higher. The German 78 were strong above 4, showing a better tone than on ny day this week. French bonds about held their own. The most interesting offering of the day was $2.600.000 United S Panama Canal 3s of 1961 at 983 $1,800,000 United States Conversion 38 of 1946 and 1947 at 98%. These bonds were offered by a dealer who had previously acquired them in the open market. They are the only United States bond obligation now selling at a discount. SEEK FUNDS TO PAY FOR NEW ENGINE Southern Maryland Railroad Asks I. C. C. Rights to Issue Securities. ion to issue its boar securities to of directors for yment of $5.500 to the Bald- motive Company for pur- se of a locomotive was sought of | the Interstate Commerce Commission today by wine and Company, the Washington, Point Lookout running from Brandy- Railroad Washington The securi- ties which the road seeks to issue are to be in the form of a promissory pavable on demand to the Hughesville, Md., Savings Bank, bear- ing interest at the rate of 6 per cent vearly. W. B. Duke of Baltimore is presi- dent of the railroad, which operate: into several southern Ma land counties, covering the territery south to the junction of the Potomuc River and Chesapeake Bay. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks £0ld value. today. LS4.8665 $4.50% 1.00 London, pound fontreal, dollar. fran Vienna, crows Rudapest, crown Prague, crown Warsaw. zloty Copenhagen, crown. Christiania, crown Stockholm,’ crown. By the Associated Press. NEW YORK, October 22.—Foreign eXchanges firm. Quotations (in United States dollar)—Great Britain, de- mand, 4.50%; cables, 450%; 60-day bills on banks, 4.47%. France, de- mand, .0523%; cables, .0524. Italy, demand, .0434%; cables, .0435%. Bel- gium, demand, .0480%; cables, .0481. Germany, demand (per trillion), .23%. Holland, .3934. Norway, .1432. Swe- den, .2660. Dénmark, .1727. Switzer- land, .1924. Spain, .1343. Greece, 01731, Poland, .193. Czechoblo- vakia, .0208. Jugoslavia, .0145%. Austria, .000014%. Rumania, .0057%. Argentina, .3675. Brazil, .1120. To- kio, .38%. Montreal, 1.00. e United Drug (6) 95% 97 95% 964 UDI1stpf (3%). 60 50 50 50O Ctd Ry Invest... 19% 19% 19% 19% Utd Ry Investpf 45 45% 45 46% U S CastIronP. 112 113% 111% 112 USCIP pf (7)... 108 103% 103 , 108% U S Distributing 29% 30 29% 80 U S Hoff Mach.. 24% 24% 24 24% USIndAlcohol. 78 73% 72% 724 USR&IDI(7).. 101% 101% 101% 101% USRubber..... 33% 844 33% 84 USR1stpf(8). 87 87 87 &7 USSmelting.... 33 33 38 33 USSteel (16%). 107 107% 106% 107% U SSteel pf (7). 122 122 122 122 Universal Pipe.. 19 19% 19 19% Univer Ppf (7).. 58% 59 b57% 58% Utah Copper (4). 80% 80% 80% 803 Utah Securities. 324 323 324 324 22% 2% Vanadium Corp. 22% 22% ‘Van Raalte. 16% 16% 16% 16% Vivadou. 9 M 9 8% Wabash. 16 164 , 15% 15! Wabash pf A. 46% 46% 45 46“ Wald Sys (1%).. 16% 16% 16% 16% Web & Hellb(1). 15% 16% 16% 16% Wells Far (2%). 9%° 9% 9% 93 WestPenpf (7). 93% 9¢ 93% 94 West Maryland. 11% 1i% 11 11 West Md 2d pt 19 19% 18% 18K Western Pacific. 28% 23% 281 231 West Pac Df (6). 71% T1% 71% 714 ‘West UnT1(7).. 111% 111% 111% 1t1% West E&M (4). 62 624 62 6234 Whi&LErle.... 12% 12W 12k 123 Wheel tLEDt. 21% 28% 23% WhEag Ol (2). 26 26% White Mot (4)... 63% 63% 6 Wickwire Sp 8i % % Wwilson & Co. 5% 5% wil & Co pf. 17 17 Willys-Overld. . 8% 8% Willys-Ovd pf. 68% 67 Woolw'th n (3).. 107% 108 107% 107% Worthing P'mp. 42k 43% 42K 424 WthP pfA (T). 80% 80% 80% 80% WrightAer (1). 11% 12 11% 12 Wrig W Jr(3).. &4 444 44 4% {Partly extra. $Payable in Dividend rates ‘as on the are the annual ca quarterly or half-yearly declarations. ar 17 G.;"&- extra er special otherwise uoted, are oot included. 2 [oxv v BONDS oo ot | Received by Private Wire Direct to The Star Office. FOREIGN, Ssles. High. Low. Close. 63 94 93% 93% 22 102% 102% 102% 13 94% 934 944 Bank of Japan 6s.. 14 99% 99% 99% Belgium 6%s wi..143 97 96% 97 Belgium 7% 11 109% 109% 109% Belgium 8s. 10 107% 107% 107% Bolivia 8s. 92% 92% 92% Bordeaux 28 B7% 8T% B7% Brazil 7 83% 83 834 Brazil 714 99, 99 99 Brazil 8 96% 96% ~96% Canada 5s1926. 101% 101% 101% 102% 1024 102% 103% 103% 103% 104% 104 104 97% 9% 914 103% 103% 103% 108 107% 108 105% 106% 105% 42 42 42 110% 110% 110% 95% 95% 96% 96% 964 96% 101% 101% 101% 101% 101 101% 109% 109% 109% 109% 109% 109% 100% 100% 100% 110% 110% 110% 89% 89% 89% 89% 89% 89U 97 96% 96% 95% 95% 5% 1024 1023 102% 4% 9% 9% 101 100% 100% 105% 106 105% 94 94 94% 92% 924 92% 83% 8314 £81 874 87% 87 £2 824 82U 817% 91% 91% #5% B84% 86 £8% 88 EBY K% RT% RT% 35% 35 35% 90% 90% 90% 101 100% 100% 9914 99% 99 981, ORY, 9RL 984 88 8% 983 HR% 9R% 1121 11215 1123 KT 7% BTy R0y RO 934 93 92 93% 904 Argentine 6s '37 Thile 7s 1943 Chile 85 1926 Chile 8s 1941 Chile 88 1946 Chinese Gov Christiania 8s. Copenhagen 63 Cuba §%s. Czecho 8s 1951. “zecho 8s 1952 ct Danish Munic %8 A. Danish Munic 8s B, Denmark Denmark Dutch E16%s. ... DEIE%sct...... Dutch East I 6s°47 2 Dutch East I 6162 El Salvador 8s Framerican 7%s.. French Govt 7% French Govt 8 Germany Ts w 1. Haliti 6s Holland- Hungary 6% Japanese 4x. Japanese 6%4s. Jergens U M 63 Lyons fs. Marseilla 6; Mexico bs asse Montevideo 7a. Netheriands 63 '54. Netherlanda 6 '72. Norway 6s 1943 Norway 63 194 Norway 6s 1952.. Norway 8s........ Orient Dev deb 6s. v 9214 93% 0% 1094 94% 943 96 964 101 924 R84 R6TH 106% 997% 4% 1107 1054% Porto Algere 8s Prague Ti4s. . Queensland 7s.. .. Rio de Jan s 1946. Rio de Jan 8s 1947, Rio Gr Do Sul 8a.. Sao Paulo City 8s.. Sao Paulo State 3s Seine Dept. of 7s. . Serbs Crotes Slo 83 Soissons 6 Sweden 6s. ....... Swiss 538 1946. i Swiss Confed 8s... 1 1"d Kingm 6148 °29. 58 7d Kingm 51537 22 Ud Steam Copen 68 6 9214 Uruguay 8s 105 MISCELLANEOUS. Am AgrChem Bs.. 11 994 Am AgrChem 7ha 18 AmChainsf6s'33 6 Am SmIt&R 1st 6s. 8 Am Sug ref 6s..... €8 AmT& Teltrds.. 28 Am T&T cltrbs... 70 AmT& T deb 6%s AmT& Tcvés.... Am Water Wks 58 Am Writ Paper 6s. Anaconda 1st 6s Anaconda cv db 7s Armour & Co 4%s Armour of Del 5%8 Associated Oil 6s.. | Atlantic Refin 6s. . Bell Tel Pa bs Beth Steel 5148 ‘53 Beth Steel 8t 6s. . Brier H St 1st %3 Bklyn Edison 78 D Bush T Bldg s '60. Calif Pere 6%4s.... 14 Can Gen Eldeb 6s. 1 Central Leather bs 14 Chile Copper 6 9 Col Gas & El bs. 3 Col Gas & El bs sta 19 Commonwth P 6s. 35 Con Coal Md 1st bs. 7 Consumers Pow 5s. 91 Cuba Cane cv d 8s. 26 Cuban-Am Sug 8s. Denver Gas 5s. Dery (D G) 7s. Det Edison ref 6s.. Donner Steel 78.... Du Pont de N 7%s. Duquesne Light Est Cuba Sug 7% Empire G&F 7% Fisk Rubber 8s. Gen Elec deb 6: Goodrich 6% L Gondvear 8s 1931.. Goodyear 8s 1941.. Hershey 68 1942... Humble O&R 5%s. Illinols Bell 1st bs. Iilinols Steel 4% Indiana Steel 5 Int Mer Marin . Inter Paper 58°47.. KCP&Lt5sA'62 Kan G & El 6: Keyser (J) 78 Kelly-Spring Lackawa S 58 '50.. Liggett & Myrs 6s. Lorillard (P) br... Magma Cop v 7 Manatt Sug sf 7%8 Marland Oil 7%s.. Mexican Petrol 8s. Midvale Steel 65 ct Montana Power Mor's&Co 1st 4%s. - — » o @ NN RO R AR AR RN~ L RANRIREONES BN = "3.'1" Ed 6. m e :::lh Am Ed 6% Nor Ohio T&L 65 Nor States Pow Stat :gah-n B Tel 7a. Otis Steel 7%! Otis Steel 8 fic Gas & El 63 l;::('r % T 1st 5 Pacific T & T bs '52 Pan-Amer Pete 7s. Phila Co 6%s ‘38 Phila. Co ref 68 A.. Phil & Rdg C&1 Plerce-Arrow Public Service Pub Serv Elec Punta Alegre 7 s& CostTi g:‘:ron St1 H 8 Sinclair g“ _l,* clair S.‘: Crude Oil 6%8. Sin Crude OiL 6 Sin Pipe Line &a.. . So Por Rico Sug Southwest Bell 5a. - forey - BoSwe 8Nelownrtes © BBacabol - o v Vertientes Sug ‘Warner Sug 78 '39. Warner Sug 78 °41. ‘Western Elec bs... West'n Union 6%s. ‘Westinghouse 78.. Wickwire Spen Willys-Ov 638 ‘Wilson & Co 1st éa. Wilson & Co cv 6s. 98% 111% 8 108% 10 4% 15 99% 6 87% 3 50% 101% 5% 95% n work, read t ‘M > Qm.m‘ o b UNITED STATES BONDS. Sales. High. Low. Closs. ... 368 1015 1015 101-5 Lb 1s-2d 4%s. 556 102 102 102 Lib 1st 4s. . 1102+4 102-4 102-4 Liblst 414s... 126 102+18 102-12 102=17 614 10123 104-20 101-22 210 102-11 102-9 102-10 1111 102-23 102-20 102-22 US4%s1962.. 53 106-31 106-25 106-29 RAILROADS. Sales. High. Low. Close. 5 63 63% 63% 90% 89% 90% 86% 861 B86% 100 100 8 ET% B9k E9% 85% B6% 99% 99% 102% 102% 100% 100% 67% 6% 80% 80% 87% 8% 7% 17% 17% 117% 9% 9% 105% 106% 89% 99% 8% 84 95% 95% 88% 88% 98 9% 44 4t 90 59% 1015 101% 514, 91% 2% 12 59% 69 51 L 69% 684 2% 2% 50% 49% B4 624 50 49% 53% 52% 98 . 97Tk 99% 99% 111 11t 108% 108% 4% T4% 8% 81% 7% 774 921 92 104% 104% 97w 9T% 95% 95% 1031 103% 100 99% 105% 106% 6 89% 89 831 834 101 100% 895 $9% 81% 8lk 92% 92% 45 44% 94 94 2% 69% 63% 63 644 64 691 687 109 109 102% 102% 997 99 107% 107% 94 94 100 100% 109% 109 w87 65% 65% 104 104 102% 102% €6% €5% 65% €4 6% 67 88y 8RY 102 101% 61% 61 3] 58 81 80% 71 71 £8% 88% 86 B4% 98% 98% Lib3%s Ann Arbor Atchison gen 4s. Atlantic C L cl 4 B&Oprin3yus B & O Toledo 4s... Bklyn-Manhat 6 Buff R & Pitt 4%s. Canad North 6%s. Canada North 7 Canad Pac deb 4 Car Clinch & O 6s. Centof Ga b% Central Pacific 4s. Ches & O cv 4% Ches & O gn 4% Ches & Ohlo cv bs. Chi & Alton 3% Chi B&Q gn 48 Chi B&Q 18t rf CB& Q-llldiv 4s. Chi& E Il gn 5s. . Chi Great West 4 C M & Puget Sd & ChiM & St P 43°2§ 102 4.. 17 33 CCC & St L 4%s.. CCC & St L 6s. CC&StLrfésA. Cleve Term bs Cleve Term 5% Colo & Sou 4148 Cuba R R 68 CubaRR 7%s Del & Hd 1st rf 4s. Den & Rio G cn 48 D & Rio G imp 6 D& RG 1st 1t 5 Det United 4% Erle 1st con 1c gen 48 Erie conv 4s A Erle conv 48 D. Erie con ext Srie & Jersey Erie Genessee R 63 5r Trunk =f db 6s. Great North 58 Gr North gen 5% Gr North gen 78 Hud & Man ref 58 Hud & Man aj § 11l Cent ref 53 11l Central 5% int Rap Tran bs. Int Rap Tr 6s stpd. Int Rap Tran 6s. Int Rap Tran 7a int & G Nor 1st 68 Int & G Noj Iowa Cent 18t & Kan City Ft § Kansas City 83 Kansas City S5 Kan City Term Lake Shore 4s ‘28 Lake Shore 4s 31. Lehigh Val cn 4 Louis & N unl 48 Louis & N 68 B, Manhat Ry cn 4 Market St Ry 78. Mil El Ry & L bs. M StP & SSM cn s M StP & SSM cn M StP & SSM 6%s. MK&T 1st 4s M 6l 6l% 98 98 86 &6 874 86% 99% 99 101% 101% 8l 81 1% 0% 62% 624% 86% &6 101% 101% 624 62 100% 100 B2% 524 98 ¥T% 94 94 8l% 8l 91% 91% 99 suis 84la 84% 94, 94 1007 99% 107k 10€% 75% 754 94% 94 96 94% 7% 874 §6% 861 85% T ad) 68, TprinbsA. 29 TésC. o Paclfic gn 48 Mo Pacific 55 1936 Mo Pacific b8 '6b. Mo Pacific Montrl Tm 1sf NewOr Term 4 NOTex&M inb: NO Tex & M5%s N Y Cent cn 45 '98.. Y Cent deb 48 Y Centribs YCent deb 92 Y CenLscl3 1 YC&StLdu 10 Y Chi & SL6%».125 ew Havencd 6s.. 54 ew Haven 7s. 54 cw Haven 7s fr.. 200 Y Ont & W ret 67t 67l Ry rf 4s ctfi 364 36% R! 4 4 State Ry 4%8. 661 65% Y W & Bos 4143 180 564 544 orfolk & W cn 4i 90% 90% orthern Pac 3s. 61 61 orthern Pac 4 85 854 Northern Pacr i 107% 107% Ore & Calif 1st bi 101 101 Ore Short L ret 974 9T% Ore Sht Licn 68 "46. 105 1056 Ore-Wash 1st rf 48 83 ¥3 Pennsyl con 4%s. 98% 9a% Pennsyl gen 4% 93% 93y Pennsyl gen b 103% 103 Pennsyl 6%4s. 110% 110% Pennsyl gold 7s... 109% 109% Peoria & E inc 4 36 35% Pere Mara 1st 6s. 9% 97% Reading gen 4 84 9 Reading gn %3, 944 93% Rio G West 1st 4s.. 82% 82% R1Ark & L4%s 83 83 SUL IM&S 48’39 9214 924 St LIM&S R&G 83% 834 SIL&SF pl 48 72 T4 StL&SFprinbs. 11 86 85% StL&SFb6%sD.. 11 94% 354 StL&SF ad) 219 82 81 StLxSFincés.. 518 71% 71w StL&SFpl6sC.. 8 102% 1024 StLSW lat . 6 81% 80% StLSWcon4s'33. 24 ¥6% 85 StP & KCShL 4% 8% 78w StPUnDep6%s.. 5 100% 100% SanA & Arn P 4 80 79y 384 b8 65% 64% 82% 824 9% 9T 85 Bk 90 v 4% 4% 100% 1004 102% 1024 106% 10634 844 83% 5% - G6% 4T 46 83 83 86 86 1% 91% 105% 104% 104% 104% 96 5% 9214 92 100% 100% K & K& K & o > M M 36% €64 66% 904 61 85% 107% 101 7% 106 83 98% 9315 103% 0% 109% 864 7% 24 943 823 83 924 83% 1% 63 o4 81% 71 1024 814 264 8% 100% 80 684 65% 821 97% € 90 4% 100% 1024 1053 83% 6% 46% 83 86 91% 105% 104% 96 924 100% 96% 64 20 72 [3 81 - wmnrBafio caelcan 9 2 & Sou Pacific ref & Southern Ry gn 4, Southern Ry 1st 68 Southern Ry 68 ct. Southern Ry 6% Term Asso StL Third Ave ref 4 Third Ave adj Tol StL& W 4 Union Pac 1st f 48 Union Pac 1st 4s Unlon Pac 1st rf 63 Union Pacific cv 68 virginia Ry st s . Va Ry & P 1st 5a. Wabash 1st bs. Wabash 2d 5.9, 95% 95u Western Md 4s.... 18 64 __ 634 Woeatern Pacific8a. 7 90 ™ 80% Wheel & LEcn4s. 85 72 71 Whel& LErf4%s 4 66 66 Wisconsin Cent4s. 3 81 81 STEEL REPORT TUESDAY. NEW YORK, October 22.—The finan- clal district is. awaiting with keen interest the quarterly report of the United States Steel Corporation next Tuesday. The opinion prevails, that while earnings will not be as large as in the preceding 12 months, & com- fortable margin over the 1% per cent regular quarterly dividend on the common stock will be shown. Owing to the corporation’s diversity of busi- mess, including cement, many in the trade belleve the common dividend will be earned twice over, | Opening prices, which ranged from 1 | FINANCIA COTTON QUOTATIONS IN HIGHER GROUND Frost in Part of Belt Factor in Strongér Prices—Cables Also Favorable. By the Associated Pre: NEW YORK, October 22.—The cot- ton market opened firm at an advance of 20 to 31 points today in response to higher Liverpool cables, reports of lower temperatures in the Southeast, cover- ing and trade buying. After selling up to 23.15 for December, fluctuations be- came irregular, but business was fairly active and prices held generally steady, active months ruling 17 to 22 points net higher. Private cables reported a good under- tone in Liverpool on favorable trade prospects and spinners’ callings. Values in New Orleans, NEW ORLEANS, La., October The cotton market had a very steady opening, first trades showing gains of 12 to 16 points. Liverpool was better than due and the weather map showed frost in the northern part of the belt. Despite a highly favorable weekly weather report, which claim- ed that the crop had made good progress everywhere, owing to warm, fair weather, the market improved further after the call, owing to the officlal predictions for frost in the belt tonight. A private authority made condttion 559 and indicated crop 12,400,000, based on Government pars, CEMENT 100 YEARS OLD. Public Library Collects Special Information on Subject. The Public Library has sent letters to the leading cement dealers and ce- ment products manufacturers of Washington, inviting them to use the resources of the library on Portland cement and its uses, in recognition of the fact that 100 years ago, on Octo- ber 21, 1824, John Aspidin of Leeds, England, patented Portland cement. The industrial division also has a dis play_of recent pamphlets on the variéd uses now made of concrete, which will be of interest to engineers, builders and home-makers. Assisi- ants will be glad to help any inquirers to find information in regard to ce- ment and concrete. SAVES HUSBAND IN FIRE. Hagerstown Woman and Spouse Both Seriously Burned. Special Dispateh to The Star. HAGERSTOWN, Md., Mr. and Mrs. Michael La aroused early today by their home in flame: They escaped. Lawrence remembered valuable papers and rushed back to get them. | When he did not reappear in several | moments his wife became alarmed | and went after him. Lawrence was | found lying on the floor. His wifa | dragged him to safet Both were burned about the body, the husband, probably fatally. The house was de- stroyed. October wrence were e and found CHICAGO GRAIN PRICES. CHICAGO, October 22.—Owing large- to the fact that export business yesterday turned out to be a good deal | larger than most traders had supposed, | wheat tended upward in price today ; during the early dealings. Need of rain in Argentina, together with high- | er quotations at Liverpool, counted also | as a bullish factor. On the other hand, conditions for the crop movement in | Canada were favorable and current ad- | vices indicated a fair increase of the | 1925 domestic acreage of Winter wheat. | to 1% higher, with December 1.47 to | 1.4713 and May 1.51% to 1.52, were foi- | lowed by a moderate reaction and then | by a fresh upturn. Fine weather and excessive market- ing of live stock kept corn and oats values e: After opening unchanged | up, December, 1.081; to 1.08%, corn sagged to well below yesterday’s finish. Oats started at to % advance, | December 53 to 53%. Later moderate | declines took place. | Sharp new breaks in the hog market | pulled down prov WHEAT— December . May July CHICAGO LIVE STOCK MARKET CHICAGO, October 22 (United States Department of Agriculture).— Hogs—Receipts, 20,000; very uneven; largely steady with Tuesday's low point; few sales weak to 10c lower; narrow demand; top, 10.35; bulk, good and choice, 200 to 350 pound averages, 9.65a10.25; majority desirable 140 to 180 pound weight, \8.25a9.30; bulk packing sows, 8.9029.20; better strong weight slaughter pigs mostly 7.50a 8.00. Cattle—Receipts, 16,000; yearlings and desirable handyweight fat steers fairly active; fully steady; numerous loads yearlings, 12.50; weightier and half fat steers and grassers slow cows and bulls generally lower grades cows more tive; bulk canners and cutters, a bulk bologna bulls, 3.75a4.10; steady; bulk to packers, 9.50a few, 10.25; upward to 11.00 to outsiders; stockers and feeders gen- erally steady. Sheep—Receipts, 17,000; active; fat lambs strong to 25c higher: packer, top, 14.25; shippers, 14.35; culls, 11.00 all.50; comeback Westerns to killers, 13.75a1 choice fed lambs, 12.60; fat sheep strong; best ewes, 5.00a 7.00; feeding lambs strong to higher; bulk sales, 13.75a13.85; comeback Westerns as feeders, 13.50a13.75; breeding ewes, 7.00a7.50. MAKES 100 PER CENT GAIN. NEW YORK, October 22—The St. Louis-San Francisco is now in the class of railroads showing 100 per cent appreciation in the price of its shares within the past year or so. The pre- ferred stock at 72 compares with a 1923 low of 35%, and this week's ac- tivity in the common stock carried it over 36, against last year's low of 16%. The common shares will not have far to go to double this year's quotation, having sold as low as 19% last Spring. 3 NEW DIRECTORS NAMED. NEW YORK, October 22.—Louls F. Butler, president of the Travelers In- surance Company of Hartford, Conn., and a director in several New Eng- land banks, has been elected a di- rector of the American Exchange Na- tional Bank. Charles Francis Choate, jr., Boston lawyer and a director in several New England corporations, was elected to the board of the American Telephone and Telegraph Company. Thomas E. McCarter, president of the Public Service Cor- poration of New Jersey, was elected trustee of the American Surety Company. et e S The oldest treatise on tobacco printed in English was done in 1695 for Wil- | liam Barle | bushel, | basket, BANK DIRECTORS GET BACKING HERE Clearing House Will Support Rieman and Strudwick as Reserve Officials. BY CHAS. P. SHAEFFER. The Washington Clearing House Asso- clation will support Charles E. Riema president of the Western Ndticnal Bank of Baltimore, and Edmund Strudwick, president of the Atlantic Life Insurance Co. of Richmond, to succeed themselves as directors of the KFederal Reserve Bank of Richmond, Harry V. Haynes, head of the local association, announced this morning. Mr. Rieman which classi nands elections to this group must be bona fide bankers Class “B" includes representatives of the industrial fleld. The Federal Reserve Bank of Rich- mond has announced that polls for the election will be opened on Monday, No- vember 17, while the new appointments, or reappointments, will be dated as of the first of next year. The terms of office are for one year only. Local banks eligible to cast their votes in support of the reserve bank's directors include those with capital and surplus in excess of $599,000. Debating Class to Be Formed. A class in debating and public speaking will be organized by the local chapter, American Institute of nking, tomorrow night in the rooms of the Washington Stock Exchange, ¢ Fifteenth street northwest. The will be in charge of Rufus Lusk, Georgetown A. B., and medal man of that university’s debating team of past years The class is being formed for the purpose of accepting defies of the de- bating teams of the Baltimore and hiladelphia chapters, and will meet every Thurs night at 8 o'clock at the stock e: The accounting course of the chap- ter was organized last night with an nrolment of 4 dents. A Hallow een party is scheduled for Thursda night, October at the chapter's rooms, it was also announced Bank Acquires Street Honds. The Chevy Chase Savings Bank has by direct purchase. acquired the en tire allotment of $20,000 of 6 per cent bonds of the Street Improvements of . Section 3, which will be held for investment, Ezra Troth, cashier, announced this morning. The bonds mature in one to six years bank was organized in De- 1921, with deposits of only ince that time it has grown rapidly, and now has deposits in ex- cess of $330.000 with total resources of approximately $590,000. Bond Issue Allowed. The Chi Rock Island and . was authorized Interstate Commerce to as ume obligation in respect of 1,000 of Chicago, Rock Island and Pacific Railway equipment trust issue of 1924 certificates to be d at met less than 98 per cent of par, the proceeds to be used to procurs new equipment. Trading on Local Board. onal Mortgage and Investment prefer continued to be her heavily traded in today, 454 shares changing hands at The ere made four shares nds the gain is discounted Mergenthaler Linotype sold to the extent of eight shares at 1643 and apital Traction was steady at Bonds were listless and unchang * director, P: today Commis Na GRAIN AND PROVISIONS. BALTIMORE, October 22 (Special) —Potatoes, 100 pounds, 50a 1.50; barrel, T 5: sweet potatoes, barrel vams, barrel, 2.50a bushel, 1.15a beet broceoli, bushel, 40a50; 0a5.00; carrots rate, : cauliflower, c 1 beans, bu: 3.00; lettuce, bushel, onions, 100 ‘pounds, 75a2.10; peppers, basket, 45a85; spinach, basket, 20a35; pack- ing stock, bushel, 30; savoy cabbage, 5; pumpkins, 100, 5.00a 15.00; basket, 40a70; pack- ing stock, bushel, 100a1.20; turnips, 40a50. Apples, barrel, 2 50a2, 00a5.00; bushel, T5a ket, 75a85; grape- bushel, bushel, elling Prices at Wheat—No. 2 red Winter, spot, 0. 2 red Winter, garlicky, red Winter, garlicky, 1.50. Corn—Cob, old yellow, 6.50 per bar- rel; old white, 6.35 per barrel; track corn, yvellow, No. 2, 1.28. Oats—No. 2, new, 61 per bushel; No, 3, 601 Rye—Nearby, spot, 1.363;. Hay—No receipts. The demand for hay is moderate and confined almost entirely to the better grades of tim- othy and light clover mixed. Medium and low grade hay in ample supply is slow sale at irregular discounts. Quotations today: No. 2 timothy, 19.50a2 No. 3 timethy, 17.00a18.00 No. 1 light clover, mixed, 18.50a19.00; No. 1 clover, mixed, 0a18.00; No.'2 clover, mixed, 15.08a16.00. Straw—No. 1 wheat, new, 12.00a 13.00; No. 1 oat. 13.00a14.00. 1.10a1.20; No. 2 rye, DAIRY PRODUCTS. BALTIMORE, October 22 (Special). —Live poultry—Spring _ chickens, pound, 23a27; Leghorns, 21a24; old hens, 1 Leghorns, 17a18; old roosters, 15a16; ducks, 17a25; pigeons, Fpair, 25a30; guinca fowl, each, 40a76; turkeys, pound, 25 Egzs—Receipts, 3.433 cases, native and nearby firsts, free cases, dozen, no offerings; quotations, 48. Butter—Creamery, good to faney pound, 361%a39; prints, 39a41; nearby 5a36; ladler, 30a33; store packed, 23; process butter, 33ad. KRESGE EARNINGS GROW. NEW YORK, October 22.—1It is es- timated on Wall street that earnings of S. S. Kresge & Co. this vear will average in the neighborhood of $40 a share. The company earned slight- 1y more than $26 a share in the nine months ended September 30, and is paying $8 a share on the stock an- nually. Nothing authoritative has been heard regarding an increase in the dividend. It is surmised that should anything be done it would take the form of a stock distribution rather than an increase in the cash payments. TOPEKA, October 22 (Special).— Kansas crops this year are valued at $417,000,000, according to Vice Chair- man Lee of the finance committee of the regional board of the American Railway Association. The value of the wheat crop, he says, will exceed that of 1923 by $112,000,000. FREIGHT TRAFFIC JUMPS. NEW YORK, October 22.—The St. Paul railway in the first 18 days of October handled 116,285 carloads of treight, an increase of about 10,000 over the same period last month, but slightly less than & year ago.