Evening Star Newspaper, October 24, 1924, Page 28

FINANCIAL. NOVES ARERDED INLATEDEALIES More Stock's Go Up Than Sell 0ff—Railroad Shares Are Again Strong. BY STUART P. WES Special Dispateh to The Star. v YORK, October 24.—Price changes in the stock market today were a good deal mixed. For the first two hours operations for the ise predominated. Then realizin and individual weak ad there. sales Increased, spots crept out here United States Steel common drew close to 108 following the publ tion of Judge Gary's address, in which he referred to the increase of | business during the current month and spoke of the third quarter eurn- ings as having been “substantial.” But Crucible Steel was very weak Republic Iron & Steel was heavy, and so was Colorado Fuel & Iron. Bethlehem Ste:l Recedes. Bethlehem Steel opened at 40 & against Thursday’'s low of 37%. but the advance was entirely due to short covering. Later on the stock reced and it was noticeab'e tl coming futo the preferred 3 quarterly rezort issued after the close of businass the previous day had been quite as bad as expected owing ex- penses and charges cove t with A scant margin was a deficit of $1,075 - pre- erred dividends, compared with a sur- plus of $1,080,207 last vear. / Rail ks were strong time under the lead of New Yor tral, Atchison, I Valley. When it is that there will be no impor in the tra rtation act. in the Atchison dividend as virtually certain. The Street is ever about an increised distribut D , but thi; 1S not necessary to expl the stock. It is me: in prorer line with its pre The selling of Southe to the t that, States Cast lIron Southern Raily for a Cen- izh preferred shar forc Gossip Helps Rail Rutland preferred sold h, above 63, and Ontar ern was strong for s New Haven ha New York property and w full inferest. The Havén would be least in part, its interest in the tarlo and Western for the New York Central holdings of the Rutl American Smeltin warket for the metal sk the first six months of 1 were nearly $6.50 on the c as much more is_expected in ond half vear. United Sta ng, American Metals Kennecott and Utah were Butte and Superior mad sponse to the report ber quarter, 53,193, as slightly lars ing quarter. in idew is that willing to trade 1 stron some Reserve Bank’s Record. The W much th 1l Street m; sume position been week. Investy were taken around their high prices, al- though showing no inclination toward further immediate advance. tive stocks and bonds were mor: iar. There were more points of strength than of weakne still some of the weak points stood Fitting in with the high lev yestment prices, as typified part by the record figures for the States Treasury long term loa remarkable report of the - e banks for the week ended Thur: ay. season, when, in other years, the money market has frequently b upset, the member banks have actually been pay ing off obligations to the Government institutions. Federal Reserve discount in consequence, were reduced the w arly $40,000,000, and note 500,000. These changes produ advance from 77.1 to T n the of reserve to combined deposit and note liabilities. MARKET CLOSES FIRM. k d an Coalers Bid Up in Last Two Hours | of Trading. By the Associated Press. NEW YORK, October prices continued to forg: today and profit-taking. While buying w e ~ cv ~ broad list, motors, cop pers and rails gave some of the best eXMubiaons o. group sirength. Sale approximated 950,000 shares. The closing was firm. Coalers were bid up briskly in the late dealings, Jersey Central soaring 14 points, Lehigh Valley touching 64%, the highest price since the segregation of the coal properties, and Lacka wanna and Norfolk and Western each climbing 1% points. Industrials shaded on reallzing. Stoek pw Markets at a Glance NEW YORK. — Stocks, motors lead advance. Bonds, ular; rail issues firm. Fo cuanges, easy; stering and fran vield slightly. Cotton, lower; bear- ish weather reports. Sugar, higher: firm spot market. Coffee, firm; trade buying. CHICAGO.—Wheat, w cash offerings. Corn, weather. Cattle, steady. reguiar. NEW YORK DAIRY PRICES. NEW YORK, October 24.—Butter— Firm; receipts, 6,567 tubs; creamery, higher than extra: creamery, oxtras (92 score), 35; do., firsts, (S8 to 91 score), 33a3 Bges—¥irm; receipts, 9,333 ca: Refrigerator firsts, 40; do., firsts, 38 39%. New York Stock and - Bond Averages. ‘Thursday, October 2: STOCKS stock sales, higher; irreg- n e liberal good Hogs, ir- ak; do, s. Total shares. Twenty 887,500 industrials averaged o net gain, 09. " High, 1924 104.13; low. 9027, Twewrty railroads averaged “0.64: ret gain, 44, High, 1324, 93.1 BONDS ‘Total bond sales (par value), $13,371,000. ‘Ten first grade rails averaged %9.47; net gain, 09. Ten secondary rails averaged 38.30. net gain, 13. ‘Ten public utilities averaged 91 05: net loss, .28, Ten iIndustrials averaged 95.10; net gain, .10 Combined average, 90.95; net sain, .01. Combined average wmonth ago, 2097; year ago, 56.63. low, §1.00. on- | orth very noticeably. | circulation | = rd despite spasmodic hear selling | Alr Reduct (15). Ajax Rubber.... Alas Gold Mines. All Am Cab (6).. Alllea Chem (4). Allls-Chalm (4). Am Ag Chm pf. Am Beef S pt (6) Am Rosch...... |AmBrs& ¥ (6). Amcan16),. Am Car & Fy(12 Am Chicle...... fam Drow Svnd [ Am Express (6), AM& F P 25%(7T, \m Hide & L pt. AmIce (T)...... | vmInternan... AmLaF F E (1) Am Linseed. Am Locomo (6) Am Metal (3)... Am Radlator (1) Sm & Re (5) | AmS & R pf (1) \m Stl Pdys (3) Am Sugar. Ao itug Ym Sumat Tob. |Am T & Tel (9). | Am Tobac (12). \m Tob B <1 Am Tob pf (f) jAm Water W Am W W pf (6) Tm W Am W, 1 Am Wil Pap Am Zine. Am Zine pf Anaconda ... Arn Cons & Co.. 1850 Dry G (5) As DG 2d pf (7). Asso Ofl 115) 6 lAT&sEpt ). At Birm & At.. Atl Coast L (18) AtGulf & W I AtGulf & W Ip? | Avantie Refin Austin-Nichols “ Bald Loco (7) | 531 & Ohio (5). | Bat & on pr (9 ot e | calu & {calu Pa | Chana Mot (3) faes & Ohio (3) Ch & O pf (6% West pt *h Mil & St Pau: StP pt wn (4) &P pt (7). ow C (4) jc R1 cnr Peab pf (7). | Coc ladd).. | Coto Fu o0 | Colo Southern. . Col So 1st pf (4). SOl G & I (2.60) Col Carban (4) | Com In Tr pf (1) " wtkuieu | Consol Cigar. . . [ onsol Gas (5, .. | Cousol Textiie | cont Can (s | Cont Mot (80, Corn Prod (2) Cosden Co. ... Crucible Stl (4). “ub Am Sug (4 CuAms: Cub Dom Sugur. Cuyamel Fr (£). { Danlel Boone. .. Davidson Chem. Del & Hud (9).. Del L & W (8) | Det Ed Co (8).. ! DuPtdeN (s).. Du Pt de > | 71 Stor Bat (4). | Bmer Brantin Erie. .. Erie 18t PL..... Fairb'ky (2.60). Famous Pl (8). Famous Pl pf (8) Fed Lt & Tract.. “d M &S pf (1) Fisk Rubber...... Fisk Rubber pf. Fieischinan (13%) Foundation (6). Freepors-Texas Gen Am TC 3). jen Asphalt.. Gen Asph pf (5). en Clgar (8). | General Elec(s: «n Kl spe (60¢) Gen M - . Gen Mot pf (7).. jen Petm (2). tmbel Bros umbel Br p lidden Co.. Gold Dust oodrich Goodrich pf Goodyear pf.. anby Consol.. Gray & Davis. .. orth pf (5). r Ore (3).. t Wstn Su (8) Sr Canan Cop... 3ulf Mo & Nor .. pr(5) Lul” SLSt (5 Hartman Co (4). Hawes Wh'l (3. Homestake (17). Hud & Manhat. Hud&Man pf (3) dous.oi Hud Mot C (3).. Hydraulic Steel. [linois Cent (7). 1il Cent pt (f).. indep OIl (1) ... Indiahoma Ref.. Indian Refining. Ingersoll R (8).. wniand Stl (2%) Inland Stl pf (7). inspiration Cop .nterb Rup Tr... .n1 Bus Ma (8).. int Cement (4).. int Com Eng (2) internat Har (5 int Mer Mar pf. internat Nickel. internat Paper. . Int RysC A pf. int T&T(6). Intertype (11%) Invincible Ofl. fron Prod (6)... Jones Bros Tea. Jordan Mot (3). Kaunsas & Gulf. . Kan City South. {KanCSoptf (4). Open. High. e o= W 1034 1% 68 854 68% 249 82 . 131% 161 24% 3 1145 1% 6 84 274 104 181 79 47 16w i 10% 8 1044 120 93 10675 92 2% 135 16 23% 894, 24 1184 614 15 148 % 4% 45 35 28% 45 3l 514 101 6% 4l 43% 60 44% 43! 100 [e 19, At the height of the crop-moving | Gon Gas of B (8) 136 82 9% i 105% T1% 531 85ta 69 24% 82 Low. Close. Bl% 9% 10c ° 10534 1057% 26 274 1044 50% 30 94% 874 19% 425 53% 83 28% 4% 50 17% 35% 245 | | Rayser Jul & ¢ Kelly Spr Tire Kenne Cop (3). Keystone T & R. Kinney G R Co. . Kresge Dep Str. Lehign Vai (3%) Lig & Myrs B (3) Lima Loco (4).. Loews Inc (2) Loft Incorpor. .. Lorritlard (3)... Loose-Wiles Bis Louts & Nash (6) Mack Trucks (6) Trk 1st pd | Mack T 1st (7). Maev R H & Co y & C pf (7). “coper c Co & (5).. u pf (7) i d gd 4 nhat-Shirt (31 1 E1Co (5). bo o1t Ry prpf. arland i1 fathleson Aika. Maxwell Mot A 1 Mot B.. May Dept St t5). \ex Seabd Mianu Cop “viad Midia Pr \linn & St Louis. n& Tex Tex vf Mont Power (4). som Ward. » \Miat *)Morris & F Nat Dairy (3).. t Dept Steres. DS 1st pf i7) Nat Distillers pf. 1 Lead (%) Ry M 2d pf.. Nev Cons Cop. . N Or T&M 234 Nwpt U Gas (5). N Y AlIrBr (). NYABra@). N Y Canners (2). N Y Central (7). NYC&SIL pt (6) N ¥ Dock. N Y Dock pf (5). Y NH & Hart | ¥ ¥ Ont & West | Nugar Fpri1x. Norf & W (18 North Am (2.40) North Am pf (3) | North Fac (5). | Arpheum c13).. ev (n) (4) Steel. Steel pf.. 1s Bot (3) Coast . (8). fic Mail. e Ol (2) ard (+1.50). Packard pf (1) an-Amer (4).. | Pan-Amer B (4) ark & Tilford.. nn Railrd (3) in Scab Steel. | Pere Mara (4).. Pere Mar pf (5). hila Co 4). hila & R&ET Phillip Morris. .. “hillips Pet (2). ‘ierce-Arrow. . Picree-Arrow pf Picrce Petrol. tts Coal pf (5) s Ut pt (1.20) Pitts & West Va Postum Cer (4) Press Steel Car. Press Steel C pf. Prod & Refiners Pub Ser N J (4) Pullman Co (8). Punta Al Su (5) Pure Oil (1%).. Pure Oil pf (8) Radio Corp of A. Radio Crp pf (7) +ty Stl DK (8). Rand Min (1.71). Ry St Sgpf (7).. 1wy Cons Cop. Reading (4). Iteading rts. Remington Type iepiogie Steel. Rep Ir & Steel. . Rossia Ins A (6). Rey Teb B (3).. Roy Dth (4.42%) Rutland pf..... St | SeLsan F Pt (6) St LScuthwest. vage Arms. chuite (8) seaboard Afr L. | Seab’d Alr L pt. | Sears-Roebk (6) rs-Roe pf (1) attuck-Ariz. . Shell Trad (2.06) shel. Un 01l (1). ~immons Co (1). Simms Pet. sinclair Ol skelly Oil < oss-Sheff (6) Sloss-Sh pf (7). So P Rico Su (6) ~outh Pac (6).. southern Ry (5) Scuth Ry pf (5) Splcer Mf pt (8). S1d Gas & Bl (3) Stand Mill pf (6) ol Lal ). SLOINJ (D). StOIl NJ pf (7). Stand PIG1 (3).. Sterling Pr (4).. Stew't Warn (B). stromberg C (8) Studebaker (4). Submarine Boat. <uperlor Ofl. Tennessee Copper Texas Co (3).... Tex G Sulph (7) rexas & Pacific Third Avenue. Timken (13%) rob Prod (6). Tob Pgod A (7). rranscont Oil. Transue & W (3) Twin City (4)... Un Pacifie (10).. Un Pac pt (4) UnT Car pf (1. Utd Cigar (3%). \nited Drug (6) U D1stof (3%). Utd Fruit (10).. C1d Ry Invest pf .|U s CastIron P 1" Instribating U S Hoffman (2). U > 104 Awonoi. USR & Im (8).. .. > Kubver.. U SR 1stpf (8). 18 Smelting. . .. USSmt pt (3%) U S Steel (16%) L S Steel pf (7). Umversal Pipe. Univer P pt (7). Utaa Copper (4) titun Securities. vanadium Corp. Va-Tare Ca pt.. Va Iron Coal & C Va Ry & Power. Vivadou. Wabush. .. Wabazsh pf A. Wald fys (1%).. Web & Hellb(1). Wells Far (33). WestMaryland. W Md 2d pf. w eru Pacific. NEW YORK STOCK EXCHANGE Recetved by Private Wire Direct to The Star Office Open. High. 20 16% do% 1% 9% 4% 63% 63 €0 18 64 8714 '68% 9% . 291, 96% 102% 6% 113% 44 25 50 78 45 8% 110% 27 434 85 Sy 664 2115 124 101 51% 26 ® 1% 59 70% 48% 43 11% E2) 8% 96 1'% 57h 7 41w 0% 27% 61% 129% 45% 23% 95% 27% 47 126% 31% 116 1o 121 6% 364 18% 31w 14% 17% 204 68% 90 66 4% 66 T 90 38 77 691 36% 117% 16% 62 54% 40% 8% 36% 13 36!4 64% 9% 1% 28% 43% 189% Ta% 114% 52% 96% 50 206 45 113% 29% 22% T2% 92% 835 B6% 34% 43% 107 122% 18% Sulg 81w 32 231 3% 37 62 9% 15% “% -16% 15% 9% 1% 1815 23 21 4% 28% 43% 140 7% 113% 62% 96% 50 206 45 116% 29% 23% 4 92% 334 6% 8ok 44% 1043 122% 18h 58% 82 82 28% 8% 37 62 9% 16% 465 16% 15% 9% 1i% 18 23 56% | West Un Tl (7).. 1104 1114 206% < Low. Closes| il lzh 1% 79% 4% 64 63 60 17% 6l 874 Bty 98 100% 96 30 | 94% | 8% 5i% 1245 o1 62 | 51% | 26% 704 | 4sh | 4% 140 34 ¢ 5 29% 5 9% 12% b6 701 41 0% 27 61k 129% | 4o 231 95% | 40% 8% 86% 12% 364 64% 924 4% 28% 3% 139% 744 113% b52% 95% 50 4% 113 29% | their 22% 2% 92% 82 86% B4y 43% 106 1224% 18 58% 81% 82 23% 3% 37 62 9% 15% 4% 163 15% 9% 11% 18% 23 28 110% 1% 15% 16% 16% 9% 11t FRAGTIONAL GAINS INBOND MARKET Railroad Liens Once More Predominate in Day’s Chief Transactions. By the Associnted Press. NEW YORK, October 24.—With firm undertone prevailing in today's bond market, fractional gains pre- dominated In initial transactions. Among the bonds which forged ahead Paul 4s of 1934, Denver and Refunding 58, Chicago and Chicago and Eastern Il11- the latter apparentlv being ted by the statement President Rea of the Pennsylvania that his system would like to acquire the road. Active bidding for Key- stong Telephone 58 sent these bonds up 2 points to a new 1924 high level rner Sugar Refunding 7s red 13z, but most of the rubber : ‘slightly lower. FOREIGN BONDS STRONG. Rate on New Swedish Loan Is Made Public. HUGHES. | BY GEORGE 1 0 The Star. <, October 24 ond and middie were ket Louls- Tra was further buying of rancisco prior lien A 4s. tions in this is en extremely heavy, g dealings in the same re which are gener avorite of the Louis-San Francisco system. The report in the | large blocks of these irices the prior lien 4s yield more, t 6 per cent, and the present price Is more | than 413 points under the high of 19 Katy" Bonds Appra Activity kept up in Mi sas and Texas adjustme quotation approached 64. 0 shown ' Illinois atements of this appointing, but the of the president of in favor of including Hastern Illinois in his s tracted tion to the bond: 4 Ane adjustments improved sition, and New Haven obli- tions generally were firm. High-grade investment fssues ground well. Kings Count Electric Light and Power purchase | money 6s xold above 115 for the first | time thls year. Southren Pacific re- | funding 45 were in demand above 90 Colorado and Southern 4las equaled | the high of the ar. Philadelphia | and Reading Coal and Iron refunding 55 did the same. Forelgn Group Higher. Price changes in the foreign group | were small, but most of them were | upward. It was reported that the new Swedish loan would carry 51 per cent coupons and be offered at par. rench bonds were a shade higher. Brazilian obligations were unaffect- ed by the news reports of unrest in cent | ve | atement | Ivania ‘s new offerings $5.000,000 additional issue Power and Light debenture vield 6. and $4,375,000 City of Chicago 4s, maturing serially, to yield from 3.50 to 1 per cent. W., B. & A. BONDS DROP 70 61 1-2 ON EXCHANGE | included Amerlcan 6s, to Company Official Declares Trolley Line Is Earning All Fixed Charges. Special Dispatch to The Star. BALTIMORE, October as high as 94 In 1920, Washington Baltimore and Annapolis Railway 5 per cent bonds declined to a new low record of 6112 on the Baltimore Stock Exchange this week. Questioned yesterday as to th cause for the selling of the compan securities, lately in cvidence, J. J Doyle, vice president and general manager, declared that he was un- able to explain the low price of the bonds, as the company was earning | its fixed charges at the present time. | The bonds are a first mortgage on the cntire property owned by the compan The company does not make public regular monthly carnings statements The last report covered operations for the first 7 months of the year. This showed a marked decline in net income. A 20 per cent increase in straight fares became effective on July 1, as a re- sult of which gross income was bet- ter than for the same month last year, but increased operating cx- penses caused a slight decline in net income. The Fall and Spring sea- sons usually provide the company's best month: SCHWAB DENIES REPORT. Bethlehem Steel Company Not After Other Concerns. NEW YORK, October 24.—Charles M. Schwab, chalrman of the Bethle- hem Steel Corporation, today denied reports that he was seeking to pur- chase control of the Pittsburgh Steel Co. and the McKeesport Tinplate Co. The steel magnate said that his plans for the future development of the Bethlehem Steel Corporation lay in the Eastern markets, and that he had no intention of acquiring Western properties. s L e DIVIDENDS. E Pay- Corp. able. Am Suj N Bk of Chem Nat Bk.. C G Sp & Bpr. Centri Pipe. Citles Serv pf. Cities Serv pt Standard M pf. Warwick I & S. BUTTER HIGHER TODAY. CHICAGO, October 24. — Butter— Higher; creamery extras. 36%; stand- ards, 33%; extra firsts, 34a35%%; firsts, 30a31; seconds, 28a385. Eggs— Higher; receipts 4,790 cases; firsts, 40a47; ordinary firsts, 36a38. West E&M (). 61% 62% Wheel & LEDI” 24 24 WhEagOil (2). 26 26 White Mot (4).. 63% 66 Wickwire Sp Wil & Co pi willys-Overl'd Willys-Ovd Df.. Wwoolw'thn (3). 109% wormln‘x P‘ax)v. flh right Aer (1). :m‘; W Jr(3).. 43% Youngst S&T (4). 62 {Partly extra. $Payabl Dividend rates ‘as given in arc the amaual cash payments based on the Iatest quarterly or half ycarly declarations. Yoista otberwise oted. extra, e special Ividends are ot included, 61% 28% 26 63% % 17% 8% 67 110% 109 42n 4% 12 12 434 3% 625 23% FRIDAY, OCTOBER 24, 1924 ON NEW YORK BONDS@ Received by Private Wire Direct to The Star Offic FOREIGN. Beles. High. Argentine 65°37... Argentine 7s Austria 7s. . Bank of Jap: Seigium os, Belgium 6 Belgium 7 Beigium 8s Berne 8 Buiivia o8, Bordeaux 6s. Brauil 13s, slusli da. . nada bs 1926. ‘anada 6s 1931. ankda bs 1952 unada b'%s 192! nile is 1943 hile 8s 1926 nile 85 1941 nile 83 1346 ‘hinese Gov Ry Gs Christania 8s. vbculassl o7y ubu by zecho oy zecho 38 1Y vanish Munic §s A vanish Munic 83 B ark os senmark o8 Juten ki o VI LEmsct uteh tust L 68 uLten masc 1 bs 6 Finland s f Gs 1945. ©ramerican 7l French Govt 14 rencn Govi sl Germany Ts w i duits us. Holiand-Amer 63 fungacy 6o Ltaly 6343 1926. apanese 4a. abancse 643 sergens U Al 63 wyons 6s. ., Jarscilie 6 Netheriands 6 Netherlands fis * NOrway bs 1943 .. 7 | Norway 65 1944 Norway s srient L varis-Ly tio de Jun ¥ 1946. iode Jan ¥s 1947 110 Gr Do Sul 8s . | 330 Paulo state 33 seine Dept. of 20 21 20 1 3 9i 18 4 6 21 18 12 Serbs Crotes Slo 58 & Soissous 6 Sweden 68..... wiss 68 1946, Swiss Confed 83 Cokio Gs. Jd Kingm Cd Kingm 6% Uruguay 8 1 v34 102% 94k 99% 100% vi 109% 1oin Wik Low. Close 93% 102% vata 99% 100 9ula 109+ Wi 1z e 570 vy 954 101% 102 MISCELLANEOUS. \Jax Rubber 3s. . Am Agr Chem bs.. \m Agr Chem Tizs Am Chain s f 6533 Am Repub deb 6 Am Smit&R 1st 5. Am Smit & R 63, Am Sug ret 68 AmT & Tcltr 4 Am T&Tcltr Am T & Tdeb5k4s AmT & T cv 6s. A Water Wks 63 Am Writ Paper 6s. Anaconda 1st 68 Anaconda cv db 73 Armour & Co 443 \rmour of Del 5148 Atlantic Refin 5. . Associatee Ol 6 Bell Tel PaSa..... Beth Steei pm 6s. . Beth Steel rf 58 | Beth Steei a t 65 Bklyn Ed gen 5s. dklyn Edison 7s D Bkiyn Union G bs . susn T biag 53 '60. Calif Pete 6%s... 94 99 95t o' sis 106k 14 23 10 18 central Leather 63152 Chile Copper bs. Col Gas & E1 & <ommonwth P 6s. Con Coal Md 1st 53 Consumers Pow 53 Cuba Cane cv 7s ‘30 Cuba Cane cv d 38 Cuban-Am Sug o venver Gas bs Dery <D G) T et Edison ref 61 Donner Steel 7 JutootdeN vuquesne Light st Cuba Sug %8 mpite G&F 1%4s. isk Kubber 88.. . Francis Sug Gen Elec deb bs Humble O&R 5% iliinois Bell 1st (1linols Steel 4%s. (ndiana Steel 5s. int Mer Mari inter Paper 68 47 KCP&Lt6sAS2 Kan G & Kl 68 '62. neyser (J) 7 neliy-Spring 8 Liggett < Myrs 53 ioriliard (P) b= Lortliard (P) 78.. Maugma Cop cv T Marnati Sug sf 748 Marland Oil 7% Marland Oil 8s "31. Mexican Petrol 58. Midvale Steel 6s ct slontuna Power 83 Mou"x&Co 1st 4 s, New Eng Tel 6s... 1st 6%s. Jor Ohlo T&L 6 or States Pow Northwst B Tel 7 Otis Steel T%s. fic Gas & El 68 PacTaTistbs pacific T &L 68 Pan-Amer Pete 7s. Fhila Co b%s 38.. Phila. Co rer 68 A. Phit & Rdg Cél bs. Producers & Rf 8s. Pubuie Service 5 Pup Serv iec b tunta Alegre 78 Sinclair V1l 78 Crude O1l 638, L Vil 6s. Sin Pipe b Bell Tel 6. . Sou Hico Sug 18 it Drug cv 8s E. S Rub 1st Tt 3 U S Rubber 758, Iter 68 Warner Sug 7 warner Sug 7841 Western Elec west'n Union Weatinghouse 7 Wickwire Spen Willys-Ov 6% Wilson & Co 1st t3 1; 2 Wiison & Co cv 68 Wilson&C cv 7348, Winchester A 7% 5 10 24 6 14 1 6 4 20 67 @~ aBae o —to PEO AN RREAROHE RTES RN =S, A o o M 8 53 8 L3 u9 yih w01 13 ¥3 59 28 93 9% 884% 8% 111% 108% T34 Y 83y 50% 52 w1y Yoty 91% 2% 8% 88 8% 1115 1084 73 98% 88 504 52 101% Y3% 0z u3% 9 100k 92 sty "7 106 ay 14 i1 1054 106 Toungeas s T, 21 9% 95% 9% ) |1ISPONT BREAK | UNITED STATES BONDS. (Bales are in $1.000.) Sales. High. Lib3ys. 64 1018 Lib 1st 4% Lib zd 4% US43%s1952 RAILROADS. Atchison adj 4s, Atchison gen 4 AtlanticC Lcl 4 Atlantic CL lst B&Oprin3 B & O gold 4s. B&Ocv4 R & O ref bs. 35 Balto & O 1st 6s ct. 36 s 3 w3 112 S 18 4 14 11 100 & Orfimp 6s. P& O PLEWV 4s.. P& OSW div 3%s B & O Toledo 4 Bklyn-Manhat 6 Ruff R & Pitt 4%s. Canada South Gs. . ‘*anad North figs ~anada North Ts.. Canad Pac deb 4 Car Clinch & O 6 ~entral Pacific 4s “hes & O cv 4%s. “hes & O gn 4%, “hes & Ohlo cv bs. Thi & Alton 3%s. . i B&Q gn 48 °58. “hi R&Q 15t rf 5m CB & Q-1 div 4s. “hi & E Il gn 5 “hiGrear Wesr M & Puget Sd ChiM & St P 4s 2§ M &St Pdb4s ~hi M&SE P ev 4148 CM&StPgndys ThiMAS! P rf 414w Chi M & St P cv Ss. “hIM & St P €y, C &N W gen 4¢ hi & N W ref 63 Chi& NW7s “hi Rvabs.... “hiR T & P re 4 ChITH&SESs Thil'nSta 4%s. {~hi1TTnion Sta 58 ChiUn Sta 6% “hi & W Ind en 48, CCC & StL4%s... ~CC & St Lbs .o COC& StLrf6sA. “leve Term Bs. . Cleve Term 614a Coin & Sou 4%, uba 2 R 6s. |cuba R R 735, xS (eldslanlo®tadba 19 10 T Del & Hudson 5%s ‘en & Rin G en 4s [P & Rio G imp 6s.. D& RGistress.. «| et United 4%s. .| =r1c ger s “rie conv 4s rie conv 4s B.. ie conv 48 D ie conext7s.... ie Genessee R 63 Trunk f dh 6s. eat North 5s. ... GrNorth gen 549 Hud & Man ref 53 Hud & Man a3 5s.. | 111 Central ref 4s.. 111 Cent ref 55 '55.. 11l Central 5%s. int Rap Tran bs... | Int Rap Tr 6= stpa nt Rap Tran 7s. nt & G Nor 1st s Int & G N Towa C 3 Kan City Ft S4s... 19 | KansasCityS3e.. 6 | Kansas City S5 City T=rm & ke Shore 45 '25. . ke Shore 45 31. Long Island rf 4s.. e ruaComneaumEa Manhut Ity cn 48 Maiket St Ry M StP & SSM en | o1 StP & SSM 6% MK & T 1st 4 MK&T4sB M K & T ad! 6: 346 MK&Tprin5sA 40 ME&TE8C.....- I Jlo Pacific #n 4s... 36 Mo Pacific hs '66... 7 Mo Pacific 6 21 Montrl Tm 1st i3 NOTex&M inbs. 3 NO Tex & M58 B.. NOTex & Mbis.. N Y Cent cn 4s°'98. [N ¥ Centdeb 4 Y Centribs yCent deb 68 n LScl3l3e. N & SL6we. 111 &StL6sA.. 13 cw Havencd 6s. 2% New Haven 7 33 New Haven 7 NY Ont & W ret N Y Ry rf dsctfs N Y State Ry $%s. NY W & Rosdiae Jofolk & W cn 4s Norfolk & W cv 6a. Northern Pac3s... Northern Pac 4 Northern Pac b8 Northern Pacr | Ore Short L ref 4s. Ore-Wash 18t rf 48 rennsyi gen 4%8. . Pennsyl gen 6s. ennsyl b% Pennsy! gol 2 ere Mary ist 5s. PCC&StLBsA.. Reading gen 48 Keacing gn 4las. .. Rio G West 1st 4s.. Rlo G Westcl 4s... R1ATK & Li4% SULIM&S 38 29, SUL IM&S R&G 48 SML&SFpl4sA.. SUL &S F prinbs StL&SF8%sD. SUL&S F ad) 6 StLeSF inc 6 StL&SFplés SLLS W 1st 4s. SULS W con 4s°33. 15 StP & KCShL 4%s. 5 StP Un Dep 5%s seab'd A L ref 48 seab'd A Load bs Seab'd A L.con Sou Pacific 4 2! Sou Pac:fic ctl 48, Sou Pacific ref s.. southern Rv zn 48 Soutuern Ry 1st b3 Southern Ry 6s ct Southern Ity 6%s Term Asso St L 4s. Texas & Pac 1st 5s. Chird Ave ref 4s... Third Ave ad) & Union Pac 1st 4s Union Puc 18t rf 4 Union F ac 48°27. Union Pacific cv virginia Ry st 58 Va Ry & F 1st b8 Wabash 2d 68 Western Md 4s. Western Pacifl Wheel & L E cn 4 Whel & LErf 4 Wisconsta Cent 4s. down_the line. 6.10, XXB at 6.05, extra by 72 forc thc earthquake. 1016 34 102-16 102414 102-16 Bales. High. 901, 86% 91% RAW SILK ADVANCES. NEW YORK, October 24 (Special).— The raw silk market showed a firmer tone today, with prices advancing all XXA was quoted at No. 1 X at 5.90, canton 10x16 at 5.85 and canton 20x32 at 6.60. gopds market was quiet, but displayed some strength. Print cloths advanced % to §% for G4 by 60 and 9% for 68 T There are now forty more cinema houses in Tokio and vicinity than be- Low. Closs 101-% Low. Close. R2% ¥3 90 90% 861 86% 91% 91% 100 *T% “9% HhTh 98% 102% 100% 84U 99% | Texa 1015 | 91 2% | BB | 51 69" | of print cloths for the | opening FINANCIAL. I COTTON MARKET Heavy Delivery' Figures Start Severe Decline in Oc- tober Values. By the Associated Press. ! NEW YORK, October 24.—October cotton broke $0 points this morning to 22.90 .under selling due to the issuance of notices for the dellvery of about 70,000 bales on October con- tracts. So far this month ap- proximately 140,000 bales have ar- rived in New York for delivery and the local stock of 193 000 bales is now the third largest in the country. New Orleans Quotations. NEW ORLEAD cotton market opened with first trades 10 points than the previous close showed the most strength, to on covering by belated shorts The other months were influenced by | a favorable Liverpool and | throughout the belt, wi killing | frost in Ok ahoma and northwest New York reported October uotices for 68,000 bales, with more expected. As it was generaly un- | cerstood all notices would cared | for the market was not affected. All months eased off atter the | on liguidation In ud- of the bure ts duo to- wrrow. December down to 65 and January or 6 to 71| points be ow the | 1S close. kall River reported sales of 40,000 pleces w gainst steady, nigher October dvancing call vance 150,000 the previous week | 6l | 58 | | rooster: { look there, counted as a bearish in- at 5.95, best The cotton {a good rally. Applications | have been received for the construc- slon of 26 aaaitional houses. Oc- 109 | When | d at re- the de in Before noon tober had extended to 22.61, points under vesterday's close. trading the contracts c noon, however, the price ba bounded and was from 22.55 to GRAIN AND PROVISIONS. IMORE, October 24 pe sweet (Special). nds, -50a pota 100, .60; broccol celery, crate, 13 15a35; caulifiower, lima bean nel, bushel, 75al.75; onions, 75 peppers, basket, 50a packing | cabbage. 106 90, pac turnips, 1.00a 3.00a4.00 Savoy 40450, Apples, barrel, 5; grapes, bas 1.0025.00; grapefruit, bushel, 1.00a 5 bushel, 1, | bushe Selling Prices at Noon. Wheat—No. 2 red Winter, 5. y red Winter, red Winter, &pot, garlicky, garlicky, . old ) ellow, 6.50 per bar- ; old white, 6 5 per barrel; track Oats—! asked per | bushel; ) 61 No. ipts, 10 tons. The demand | moderate and confined al- | tirely to the better grades of | and light clover mixed. Me- | d low grade hay in ample v is slow sale at irregular dis- Que ations today timothy pound, hens, 15a16; ducks, 17a26; pigeo: a30; guinea fowl, each, 40a vs, pound, 30a3s, sgs—Receipts, 1,893 cases; na- and nearby firsts; free cases| no offerings: quotations, 4. 1 Creamery, good to fancy, a4l; nearby store packed, | .- { CHICAGO GRAIN PRICES. | CHICAGO, October 24.—Moderate new declines in the price of wheat took place today during the earl dealings. Turther rain in Argentina, te to improve the crop out flucnce. Heports were also at hand telling of beneficlal rains in Aus- tralia. The opening, which varied from % cent lower to an equal ad- vance, with December 1.44% to 1.45 and May 1.48% to 1.49, was followed by a general setback to about 1 cent under vesterday's finish, but then by Corn and oats were eased down by wheat weakness and by fine weather. After opening unchanged {o % cent lower, December 1.05 to 1.053, the corn market underwent a fractional sag all around, and hten recovered somewha Oat cember, market declined a Provislons were despite an upturn rted ' to 3 cent off, De- 51 to 51% cents. Later, the little more. without support in hog values. WHEAT— Open. December i i May D almag S T Close. 141% 146 130% Lo1s Ty 1.05% 4815 December May July CHICAGO LIVE STOCK MARKET CHICAGO, October 24 (United States Departiment of _Agriculture). — Hogs, receipts, 28,000 head; irregular; de- sirable grades, strong to 10 higher; underwelght, mostly 25 lower; spots off more; others largely unchanged demand, broad; extreme top, 10.65; bulk good and choice 180 to 350 pound averages, largely, 9.65a10.45; majority better 140 to 170 pound welght, 8.25a9.40; average cost to packers and shippers droves.of hogs here Thursday, i welght, 229 pounds. Cattle, receipts, 5,000 head; fed steer run. generally plain; all classes and grades around steady; two loads, 1,000 pounds, yearling steers and hei- ters, 12.25; welghty steers, averaging around 1,450 pounds, 10.55; bulk, fat native steers, 7.50a9.00; long string Western grass steers held slightly above 6.00; light heifers and lower grade cows. fairly active; bulk bo- logna bulls, 4.00a4.25; veal calves, scarce; stockers and feeders, slow; bulk native, 5.50a6.50. Sheep, receipts, 18,000 head; early sales, native fat lambs weak to 25 lower; undertone, weak; early bulk desirable natives, 13.50a13.75; few to shippers, upward to 14.25; no strictly choice rangers offered, best held at 14.00; best bid early, 13.75; comeback, 15.50415.75 mostly; fat sheep und feed- ing lambs, steady; early sales, feed- ors, 13.50813.76, lof the local | constitu fof the a | iast j th BANKERS BANQUET ISHELD UNLIKELY Buffet Lunch Probable This Year in Order to Save Very Heavy Expenses. BY CHAS. P. SHAEFFER. ‘The probability of a banquet by 1 District Bankers' Association vear is rather remote, a casual que of District banking institutions ind - cates, While Victor B. Deyber, preside: sociation is vested wit the prerogative of exercising wishes in this matter, tho present head this morning declarc the question would be presented the entire fraternity, ith the d cision resting on a popular vote « | the members concerned Mr. Deyh embracing for one man to decide a involves thousands of dollars, | can only be raised for this reason ha the referendum policy A great number of | the majority querled jon a ‘banquet would necessi needless outlay of monev, com a time when assessments a rather heavy strain. of th “nt secretar ociation nal contributions ers Better Busi on_ bank aoliars, sociation m a few thou convention at White Sulphur Sp; also exacted its toll. The banquets are, for the most productive of little essential bank's progress. In this wney are considered second weckly bankers' luncheons, wisely decic The offic is of me nd do lar: to respect to th whe |local financlers get togetherfor nange of opinions and confidenta news pertinent to their welfare. 1 banquet was held two Winte during the administration « s, jr. Last year H then presid substituted combined with a b at the Willard Ho lead of John B rner, w ears previous, held a simil ion at the Cosmos C ub. Mr. Deyber intimated this mor a buffet supper would be held 1 a popular vote decided a nqu ago ing follow wo Telephone Deals Approved. The Bell Telephone Compa Pennsylvania was authorized b 1o acquire certain properiie Bedford-Fulton Telephone ( ana the latter concern wa chorized to acquire certain pi ties of the former. A Emilar exchange of properties also was authorized between the Be ‘e.ephone Company of Pennsylvar Morrision’s Cove Teiephor Texas & Mex!ico ved authority mmerce Cori- $1,770,000 of f cent bonds and ith $1,014,000 t mortgage bonds, 95 per cent of par. Railway Co. tod: from the Inters to ditional fi less than Trading on Local Exchange. Lanston Monotype eased off f tionally in today's trading on the 1 cal board. Then shares sold In the i tiz e at 7915, moving upward to on the following sale, but droppi back to 79 cn the concluding tran action of the day. Continental Trust a pont advance to 86, its highest in wecks. but Capital Traction stock was easler, closing at 9215 after opening a quarter higher. RIggs Na- ticnal Bank stock sold at 2981z, and 80 shares of District Title Insuranc: changed hands at 18%. Railway 4s at Pepco 5s at 98 and Washington Gas 6s at 100% the only bond sales. WALL STREET BRIEFS. Gold Supply to Keep High-Grade Bonds Steady. NEW YORK, October profit of the Air Redu in the first to §1.461 Co. stock score or §11.39 a share, a Bankers view that as long as the United States holds one balf of the world'’s available gold supply there can be no severo break in_high-grade bond issues. Encouraging features of the ation, according to John 4 chalrman of the Republic Irc teel Comp: are the stocks in the hands of consumers an hand-to-mouth buying which has in- creased recently 10 to 15 per cent. He expected good future contract busi~ ness in the first quarter of 1925 WOOL PRICES STRONG. Manufacturers More Active Buying Side of Market. BOSTON, October The Commer= cial Bulletin will say tomorrow: The strength of the raw wool mar- ket persists undiminished. While th situation among the retail and whol sale clothiers leaves very much to bo desired, the manufacturers evidently are looking ahead to better business, and already are buying considerab weights of wool on January 1 dating Election results appear to be geas erally discounted. “The news of spreading contracting of the 1925 domestic clip is of special interest. In Wyoming 423% and 43 is understood to have been paid, with rumors of 15 refused. Elsewhere ats tempts have been made to contract, with some success, while in Texas the Fall Kerrville wool 1is reported 'ts have been sold at slightly rising, or rather on the upper side of 1.25, clean basis, landed Boston. “The financial difficulties in Boston have been settled and the market is slightly firmer. Bradford also is feci- ing better.” e COURIER USES PLANE. Russian Saves 100 Days in Travel Through Europe. KOENIGSBERG, Germany, October 22—A courfer in the service of tho Moscow government, who travels fre- quently between Russla and conti- nental Europe, has given up trains for the airplane. He has made 60 air trips betweeri here and Moscow, a distance of 700 miles, and estimates he has thus saved himself 100 days of travel in uncomfortable trains. $80.000 GAIN IN ASSETS. NEW YORK, October 24.—Cash as- sets of the brokerage firm of Day & Heaton, which failed recently fol- lowing the defalcation of a partner, were Increased $80,000 today through the sale of *he' New York Stock Ex- change st.v of William Wil Heaton, a paruer. With two other memberships held by the firm, total asset: to be realized from this sourcs are expeéted to approximate $350,040. oa It vou necd work, columns of The Staz, read the wand