Evening Star Newspaper, November 1, 1924, Page 14

FIN - STOCKS END WEEK | INLIVELY ADVANCE Trade Reviews, Money, For- ieign Exchange and Election i i Factors in Rise. By the Associated Press. | NEW YORK. November firices gave another impres: stration of strenzth in today's market. Ruying was Influenced by favorable tgnor of the weekly mercantile reviews, the abundance of money and the bu ancy of sterling exchanze. There was a, tendency in some quarters also to regard the da movement dis- dounting the result of the presidential dection mext Tuesday. Commercial solvents issues were the individual fea- rgs. the A stock jumping 9 points d" the B 7, each at/ new 1924 high frices. Other stronz spots included eneral Electric, Loose referred, American T eferred and American % D 2 to 4 points rong. Sales ares. STEEL NEAR YEAR'S TOP. e demori- e Foundries c preferred, The closing was approximated urther Advance Today in Broad List of Stocks. BY STUART ecial Dispateh to Tt NEW YORK, November 1.—The up- ward swing which got fuly way on the Stock Exchange day gained further momentum tod carrying representative is: to new highs for the r or for the current movement. “Discounting the elections” was still the popular ex- planation for the market's show of strength. Realizing sales were readily absorbed, and such leaders as Steel common at 110, American Can above Baldwin Locomotive across 1 t Iron Pipe at a new top and Gen- Electric close to 260 led an in- creasing number of stocks to higher The rails, too, shared in the ce. Atchison being in demand well above the 107 mark, and other members of the group, like Missouri Pacific preferred. Louis South- western and the M & T. shares taking an active part Steel K Near Year's Top. today was with points of its best prics 1924, This demonstration was an ation that the recent cha of the buying in this leader. r 10 optimistically throughout the Street, was more of an influence than the company’s loss in operations for the last month reported. In Septem- bér, with operat of capacity, net income was less than in July, when the compan mil. were at scarcely more than cant of capacity Many indust top figures for cluided the Comme: American Smelting. 1 Cément, American ltad 120, Loose Wiles Biscu ed Dry Goods around 130, other “stocks in this category wer bid up, most of them for special reasons common than t 40 cialties were at around ociat- Commercial Soivents Higher. Th iarkable advance continued n_Commercial Solves stocks, each of which rose points to new high levels today. People close to the commercial solver situati Were expecting an important nouncement in the near future conversion of the A stock into B, as ded for at the issue will be encouraged. thought, by the decla dividend on the B shares. of $4 are being paid on the A. U. S. Cast_Iron Pipe & at its highest, maint 1 its tion as one of the active industrial leaders th nings and sition company court in favor rred stockholde as a thing . Rather Street was i *d by the character of the buy- n the common stock and by re- ports of an important de in the affairs of the com cxpected in the near futurc it is a $5 Dividends financi The ision 1o NEW YORK--Stocks strong, mercial solvents issues Bonds firm: Treasury 4} high. Fo exchat sterling since Mid lower; Southe ureless. Coffes CHICAGO.—Wiheat port demand. Corn larger receipts. ( to Hogs higher d demand New York Dairy Prices. YORK, sy: receip com- buoyant at_record h r; highest slightly Cotton lin lowe s Su trade selling lower; powr ex- pounds. VDIVIDEI;IDS. Stock of Record Nov iy Pay Corp. A Mot Smith Cor g & T gt Shoe. pf. Dec 1 Nov Nov Novembe 1 (United nt of Agriculture) 00 head i§11 advance: .00 bulk desirable tehers, Receipts. 1.000 head: com- k ago, medium to good fed 8 1d most weighty of- 5 50 lower: desirable arlings and better grades of ma- um-weight steers, 15 lower; ht nd and better g : spots more; rs active, about steady: bulls mostly lower: veal calves. 50 to 75 oif; ckers and feeders, 50 low: nds below 7.00 showing most de- ne. For wee Top vearlings, year's high: matured steers, 1§.75; bulk prices follow: Fed steers, 0a11.5 steers, 6.23a7.00; fat ws, 3. fat heifers, 4.25a7.25; nners and cutters, 2.85a3.40; veal cplves. 9.50a10.50; stockers and feed- s, 5.00a6. sheep—Receipts, 2,000 head: today’s farket steady; fat lambs, 13.50a13.60; Ils mostly 10.50a11.00; for week ound 5,700 direct and 48 double cks westerns; fat lambs generally Jower; other elasses firm; bulk for oek, fat wooled lambs, 13.25a13.6 clipped lambs, 11.25a11. 10.25a11.00; top, 11 ; fat ewes, 4.75a7.0 D rang foeding lambs, 1 3.75; top, 14.00; top feeder yearlings, :25; full-mouth breeding ewes, 6.50a 00. . RATES ON BAR SILVER. LONDON, November 1.—Bar silver, per ounce. Money. 2% per cent. count rates—Short bills and three- th bills, 311-16a3%_per. centy 1.—Stock | Wiles second | 500,000 acter rred s over 60 per cent per amerous time of the origi- | ANCIAL. Open. High. 10% 10% 38% 38% 834 83% i Adv Rumley.... Adv Rum pt (3). Alr Reduct (15). Alas Gold Mincs. Allled Chem (4). 4% Allls-Chalm (4). 59% Allis-C M pt (7). 100 Am Agricul Chm 124 Am Rosch. .. . 26% AmBrSaF (5). 83 Am BS&F pf (7). 107 Am Can (16).... 138% Am Canpf (7)., 118 Am Car & Fy (12! 166 Am Chuln A'(2). 284 |Am Chicle...... 4% |AmDrugSvnd.. 644 Am Expreas (6). 115% AM& F P 2597, 115% Am Hide &L pt. Am fce (7). Am Internatl... AmLaFF E (1). Am Linseed..... Am Locomo (8). |Am Metal (3)... Am Radiator (4) Am Saf R (500).. Am Sm & fte (5). AmS&Rpt (7). Am Stl Fays (3). Am Sugar. . A Bugar pf (7). Am Sumat Tob.. Am T & Tel (9) Am Tobac (14) Am Tob B (14) Am Typ Fdrs(7). Am Water Wk Am Wonlen. Am Zine pf. Anaconda .. Ann Arbor pf. | Asea Dry G (5 {ATT& S Fe (R). AT&SFopf (5). At] Birm & At. | Atl Coast L (13). AtGulf & WI. Atlantic Refin . Atl Powd pf (6). Austin-Nichols.. Bald Loco (7). Ral & Oblo (5) Bang & Ar pf () Rarnsdall A..... Barnsdzll B..... Bethlehem Steel.. Brk Edison (8).. Rrk-Man Tran. . BrMan T pt (6). Burroughs (4).. Butte C & Zinc. . | Butte&Superior. Cal Packing (6). Cal Pet (1%) . | Cal Pet pf (7). Callahan % Lead | Can Pacific (i0). | Cent Lgather Co. Cen RibM (2)... Cerro de Pasco($) Chand Mot (3) Ches & Ohio (4). Ch & O pf (6%). Chicago & Alton Chic & Alton f. Chic & East 11 Chi&EIpL..... Chic Gt West pf. | Ch Mil & St Paul | ch Mil & St P pt. | °h1 & Nwn (&) {Ch & Nwn pt |ChiR1& Pac. {CRI&PDL(6). CRI&PDL (. | Chile Cop (2%)-. | Coca-Cola (T)- Colo Fuel & Iron Col G & E (2.60). | Col Carbon (4) | Com Solv A (4).. Com Solv B. | Congolepm | Consol Cigar. ... Consol Gas (8).. Comsol Textile. | Cont Can (4 | Cont Mot (80} Corn Prod (2 Cosden Co. | Crucible St1 ( | Crueib Stl pf (7). Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su Cuyamel Fr (4). ! Danlel Boone | Duy1dson Chem. | Del & Hud (9). Del L &W (6)... Det Ed Co (8). | Du Prae N (8). | Du Ptde N db (6! Fastman (17%4) | Eaton Axle & El Stor Bat (4) | Eris, Erie 18t PL..... Famous PI (8). F'dM &S pf (7). Fifth Av B (64c) Fisher Bdy (10). ! Fisk Rubber...... k Rubber pf. eischman (13i4) Foundation (6). Freepors-Texa | Gen AmTC ®. | Gen Asphalt. | Gen Baking (8 Gen Cigar (8)... Elec(s) Gen El spe (60¢) | Gen Motors. . Gen Mot pt (T) | Gen Petm (2) Gtmbel Bros. Glidden Co. { Goodrich. | Goodyear pf. | Gray & Lav | Gt North pf (5).. Gr Nor Ore (3). | Grt Wstn'Su (8). Gr Canan Cop. | Gult Mo & Nor. Guls SUSEL G Hartman Co (4). | Hayes Wh'l (3). Houszon OIl. . Iiud & Manhat Hud Mot € (31 Hupp Mot C (1). Hydraulic Steel. 15% 19 1% 34% 34% 0% 23 2% 13 3 % 108% 108% 109 108 8% . 8% 281 88% 29 29 o 6% 1067 106% Slw 51% 32 82% 9% 9% T 81 19% 5 % 6% 15% 18% 52% 54% 17 1% 343 3% 26% 25% 22% 22% 83% 83% 15% 16% 46% 4T% 64% 64% 624 62% 62 624 €1 62 8% 18% T4% T6% 981 94Y 87% 37% 9% 99% 15% 16% 100 100% 104 104% 964 964 113% 113% 20% 29% 39% 40 36% 36% 25% 26 84 85% 315 81n 6y TOW 21% 2% 9% 98 119% 119% 21% 224 16% 17 49% 50 21% 21% 53% 60% 2% 13 illinois Cent (7). 11 Cent pt (6). Indep Oil (1) Inland St1 (2%). Interd Rap Tr. . Internat Ag new int Bus Ma (8) Int Cement (4).. | int Com Eng (2) Internat Har (5) Int Mer Mar pf.. Ipternat Nickel. Internat Paper. . Invincible Of Iron Prod (8). Jones Bros Tea.. Jordan Mot (3). Kan City South. Kayser Jul & Co. Kayser pf (8) . Kelly Spr Tire. .. Kenne Cop (3)..- Lehigh Vai (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4). Loews Inc ¢2) Loose-Wiles Bis L'se-W 24 pf (1) Lorrillard (3)... Louls & Nash (6) MclIntyre (78¢). . Mack Trucks (6) Mack T 1st (7).. Mack T 2d (7)... Macy & C pt (D). Mallinson & Co.. Man El Sup (4).. Manhat-Shirt (3) Maracaibo Ofl... Mrrland Oll..... Martin-Parry (4, Maxwell Mot A.. Maxwell Mot B. . Aav Pent & (5}, May Dp S pf (7). Mex Seabd (2) Mis Kan & Tex.. Mis K & Tex pf.. Missour! Pacific. N ward. 894 4 Montgom 7 Moon Mot (3) 119% 19% Mother Lode 0. % 7% _T% Low. 104 8% Close. 10% 86% 15% 19 0% 34% 344 70 23 27% 13 % 108y 109 8% 384 28% 5% 106% 61% 81% 93% 87% 19% 45 13% 524 17 34% 25 22% 83% 109 8% 38% 28% 5% 106% 51% 32% 93% 371 19% 45 13% 54% 17 4% 26% 22% 83% 16% 15% 6% 4% 64% T64% 62% 624 61% 62 sl €2 18% 18% % 5% 87 98 8% 8% 9% 99% 16% 15% 98% 99 104 104% 96% 964 113% 113% 28% " 28% 39% 40 364 36w 264 26 Ba% (35% B1% 31% 69% 170 21% 21% 97 \ 97 119% 119% 204 228 16% 16% 49% 49% 21 21% 59% 601 % 89% 19% 19% L% % So P Rico Su (6). NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close. Nash Mot (10).. 160 160 150 150 Nat Biscuit (14). 72% 724 724 724 Nat Bispf (7)... 123 123 123 123 NatCl&Spf(7) 96 96 96 96 Nat Daliry (3). 39 39 38% 3B8% Nat Dept Stores. 36% B86% 36 364 Nat En & St . 22 22 22 22 Nat Lead (8).... 154% 164% 1541 154% Nat Supply (3).. G6'% 66y 664 B6% v Cons Cop... 18% 13% 13% 13% NYAIrBr(4)... 424 42% 42% 42% NYABrA(4).. 62% b2% 62% 62% N Y Central (7). 108% 108% 108% 108% NYC&SILpt(6). 83 88 87% 8% NYNH & Hart.. 2% 2% 26 26 NYOnt& West. 214 21% 21% 21% NiagarFpf1%. 23 25 23 28 Norflk & W (19). 122% 122% 122% 122% Norf & WPf (1), To 75 75 15 North Am (2.40). 84 - 34% 83% 34 NorthFac (5)... 63)% 63% €3% 63% 23 23 Qrpheum (1%4).. 23 Otis Elev (n) (4) 73 73 Gwens Bot (3).. $1% % Owens B pf (7). 110% 110% Pacific Oil (2) 52% 51% Packard (11.50). 134 13% Pan-Amer (4).. b52% b2l Pan-Amer B (4). 5l 51% Penn Railrd (3) a4 445 Penn Seab Steel. 24 2 Pecp Gas Ch (7). 106 105 Pere Marg (4)... 58%4 bR % Pere Mar pf (5). 69% 69% Pere M pr pt (5). 784 8% Phila Co (4) 45% 3% Phila& R&TL... Ty Phillips Pet (2). 34 Plerce-Arrow pt 82 Pierce Petrol. .. 4 Pitts Coal (4)... 625 Pitts Ut p? (1.20) 124 Pitts Ut ctfs 1.20 12% Pitts & West Va. 58% Ritts & WVa rts. 11% Postum Cer (4) 7004 Prod & Refiners. 2614 PubSer NJ (4). 6114 Pub S NJ pt (8). 1083 Puilman Co (8). 128 Punta Al Su (5). 425 Pure Oll (1%) 23% Pure O1l pt (8).. 9 Radio Corp of A. 8% Ry Stl Spg (8) 128% Ray Cons Cop 13% Reading () 61% Reading rts.. ... 20% Read 1st pf (2). 85% Read 2d pf (2)... 4% Remington Type 43% Roplogie Steel. . 12% Rep Ir & Steel. .. 464 Reyn'ds Spgs (1) 148 Rey TobB (3)... 6% Roy Dth (4.4234) 434 StJoseph Ld (2) 35 StL San Fran... 38 St L San F pt (6) 72 t L Southwest 4z santa Cecilia. 14 ‘avage Arm: 614 Schulte (8) . 109% Seaboard Alr L. 17% Seab'd Alr L pt. 30% Sears-Roebk (6) 12315 Seneca Copper. . 1t Shell Un Ofl (1). 18% Stmmons Co (1) 324 Simms Pet... 15% Sinclair Oll..... 17% Sincl'r O pf (8).. 8% kelly Oll. ...... 20% loss-Sheft (6. 70% 63 4% 67% 77 12 38 61 89 869 4 53% 124 South Pac (8) Southern Ry (5) South Ry pf (5). Spicer Mfg Std Gas & El (3) Stand Mill (5) StotiCal (2).... StOIINJ (1).... StOll NJpt (7). Stand P1G1 (3) Sterling Pr (4). Stew't Warn (). Studebaker (4).. Submarine Boat. Superior Ofl.... SweetsCoof Am Tennessee Copper Texas Co (3).... Tex G Sulph (7) Texas & Pacific. Tex & PacC& O. Timken (13%). Tob Prod (6). Tob Prod A (7).. Transcout Oil... Un Bag & Paper. Un Pacifie (10). Un Pac pt (4)... Utd Alloy Steel.. Utd Cigar (3%). United Drug (6) UD1st pf (3%). 7td Fruit (10).. Gtd Ry Invest... Utd Ry Invest pf U 8§ Castlron P. U S Distribating U S Distr pf S ind Alecohol. USR&Im (8).. USR&IPL (D.. U'S R 1stpf (8). U S Smelting. ... U SSmt pt (3%) U S Steel (16%) U S Steel Bt (7) U S Tobacco (3). Universal Pip Univer P pf (7).. Utah Copper (4). Utah Securities. Vanadium Corp. Va-Caro Chem.. Va Ry & Power. Wabash.....cee Wabash pf A. Wald Sys (1%). Wells Far (233). West Md 2d pf... Wastern Pacific. West Pac pf (6). West Un T1 (D). West Alr Br (6). West E & M (4). Whi & L Erfe. Wheel & L E pf. Wh Eag Oil (2). White Mot (4)... . Wickwire Sp 8tl. Wil & Co pf. Willys-Overl'd. Willys-Ovd pf... 67 Woolw’th o (3).. 108% Worthing P'mp. 434 wright Aer (1). 12% Wrig W Jr(3).. 44 Yellow Cab (5). 39'" : e e in preferred s DITTEER faea as’ ghven la. (oo above “tapis are the ampual cash payments based on the latest quarterly or half-yearly declarations. Unless " otherwise uoted. extra or wpecial dividends are oot included. BUTTER OUTPUT DROPS. Prices Gain During Week—More Supplies Shipped Abroad. CHICAGO, November 1.—Lighter supplies and better demand while production decreased brought price advances in the butter market dur- ing the week. The out-of-storage movement continued light and ex- ports were heavier. The American Association of Cream- ery Butter Manufacturers reported a decrease of 10.1 per cent in the make dver the previous week and an in- crease of 9.3 over the corresponding week last year. Similar reports came from Minnesota and the Southwest. Estimated storage holdings approxi- mated 135.000,000 pounds, but high prices of mill feeds and probable se- vere weather in producing areas were expected to result in larger use of storage butter. Closing wholesale prices and range, 92-score butter, were: Chicago, 1% higher at 38%; New York, 2% higher at 40%; Boston, 2 higher at 39%, and Philadelphia, 2% higher at 41. S LARGER WHEAT CROP. France’s wheat crop tiis year, ac- cording to preliminary estimates made by the Bulletin des Halles, shows an improvement in yield over last year and is gradually approach. ing the figure representing France's average annual consumption, whi ranges anywhere between 92 and ailllon metric quintals, - UNIFORM STRENGTH " INBOND MARKET United _Kingdom Liens ‘Again Feature of Foreign Group. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 1.—Uniform strength characterized the trading in bonds at the close of tho week, high- grade investment sccurities and spec- ulative obligations being alike in de- mand. The Treasury 4}s sold again at large volume at the recbrd high for all time, High-grade rails and industrials were actively bought at their top price, examples being Bal- timore and Ohio first 4s, New~ York Central 5s and among industrials, Western Electric 5s. Bonds of the grade of. Chicago, St. Louis 5%s, where the yield is' more than 5 per cent, were readily taken at advancing quotations. In industrials, American Smelting and Refining 6s represented the sort of bond for which inquiry was ur- gent. 2 Bonds Firm Throughout Week. All these investment issues have been firm the entire week. The de- mand today was simply a continua- tion of the movement, but at an ac- celcrated rate. In the foreign group was United Kingdom 5% a record high above 11 sents the value of the conversion privilege into British war loan 5s and the current advance in sterling exchange. The purely investment issue, United Kingdom 53s of 1937, were strong, just a fraction below the highest price for all time made in 1922. The new German 7s touched 94 today, which was the best price of the week. There was, however, no particular interest shown in French obligations, which have been heavy all the week pending announcement of the terms of the expected new loan. The weak epot in all the foreign group has been the Mexican issues, all of which are off sharply notwith- standing the reported success of the so-called oil production loan. peculdtive rails were generally firm today, but there was no corre- sponding advance to that in the stocks, the chief interest being cen- tered on the investment issud There was some recovery in sugar bonds, notably American Cuban American 8s and nati Sugar 7lzs. An interesting commentary on the strength in bonds is afforded by the weekly statement of the 744 member banks of the Federal Reserve sys- tem. The statement shows a drop of $30,000,000 in commercial loans and an increase of the same amount in investments. Evidently bank buying is still a factor in the bond market. New issues this week totaled around $115,000,000 as against $45,000.000 the week before. OIL INDUSTRY IMPROVES. Comparison of Year’s Output Shows Marked Change. NEW YORK, November 1.—The oil trade sees a pronounced change for the better in the industry through the drop in production in the last six weeks of nearly 85,000,000 barrels daily. Production is now about 1,- 000 barrels daily, against 2,265,000 ly a vear ago, while the gain in is more than 20 per New York, the feature of 1929 at This repre- the Su- Ma- d: consumption cent. BOSTON STOCK MARKLT. BOSTON, November 1.—Following is a list of today's highest, lowest and closing prices for the most active | stocks dealt in here: Hi Grav & Davis Island Creek . North Butte & Lo Internat SALES. ot. Joint Stk. Td. Bk. 55—$1.000 at 100! Pastington iy o 41000 at Washington Rwy. | 81,000 at 985, £: i & a1 Traction sh. Rwy. & E 1. Mige. & Invest. pfd.—40 at 9. AF ‘Washington Gas Light—; BONDS. Bid and Asked P PUBLIC UTILITY. Bid. Asked. 98 . Tel. & Tel. con & Potomac’ 5s. D! ity & Suburban Georgetown Gas 1st Metropolitan K. K. Potomac Elec. 1st Potomac Elec. cons Wash Washington Gas Washington Gus Wash. Ews. & E Wash. ky. & E D. C. Paper Mfg. Riggs Reaity 5s (long Riggs Realty 5s_(shor Southern Bldg. 6 Wash. Mkt. Cold Wardman Park Hotel Gs.. STOCKS. PUBLIC UTILITY. American_Tel. & Telg: Capital_Trac Washington Norfolk & W NATIONAL BANK. National Capital. Federal-American Liberty ncoln . ational TRUST . COMPANY., American Security & Trust. Continental Trust. Merchants' Bank. National Savings and Trust. Tnion Trust ‘Wash. Loan & SAVINGS BA! Commerce & Savings. East Washington... .. Security Savings & Com Seventh _Street. TITLE INSURANCE. Columbia Title. heul batate Titic... MISCELLANEOUS. Merehants’ Transfer & Storage. Mergenthaler Linotype. UNITED STATES BONDS. (Sales are iz $1.000.) Sales. High. Low. Close. 17 101=6 101+5 101-5 7 102+15 102~7 102-15 16 102+22 10220 102-22 184 101+27 101-23 101-26 1091 102-12 102-10 102-10 262 10228 102-25 102-26 69 107-7 107 107-2 FOREIGN. Sales. High. 1 82% 2 93% Low. Close 82% 82% 93% 93% 10218 102% 91 94 99y 99% 100% 100% 96% 96% 109% 109% 107% 107% 1 92% 92% 87% 8 82% 83 99% Argentine Argentine Argentine 7 14 102% Austria 7s. T Bank of Japan 6s.. 14 99% Belgium €s.... 100% Belgium 6%s w i 954 Belgium 7% 109% Relgium 8s. 107% Berne 8: 11 Bolivia § 92 Bordeaux 68 &8 Brazil 7s /3 Brazil 714s. 99% Brazil 8s... 96 Canada 55 1931. 10244 Canada &3 1952 Canadu 5%s 1929. “hile 75 1943 Chile 85 1926 Chile 8s 1941 Chile 85 1946 Copenhagen 5%s. Cuba 53, Czecho “zecho 85 1952 c Danish Munic 83 A. Danish Munic 83 B. Denmark fs Nanmark fs. DEI5%s Mel DET5%5Nov '53. Dutch Fast I 6847 Dutch East T 6s°62 17 FlSalvador 85°48.. 6 Framerican 7%s. French Govt 7% French Govt 8 Germany 78 w Haiti 6; Hungary 6%4s. Japanese 4s Japanese 6%4s. Jergens UM 6s Lyons 6s. Warseilla Montevideo 7 Netheriands és Netherlanda fx'72. Norway 6s 1943.... Norway 6s 1944.... Norway 6s 1952.... Norway 8s Orient Dev deb 6s.. Paris-Ly's-Med 6s. Paris-Ly's-Med Ts. Paris Orleans 78. .. Prague 7%s. Queensiand fs. Queensland 7 Rio de Jan 85 1346, Rio de Jan 5 1947, Rio Gr Do Sul & Seine Dept. of 7 Serbs Crotes Slo 83 Sweden 68 Swiss 5148 1946 17d Kingm 6155°29. va xm 6138 '37. Uruguay 8 Zurich 8 102% 103 103% 97% 103% 107% 105% 95% 96% 100% 100% 109% 109% 100% 110% 8949 89% 96'% 9514 102% 94 100% 104% 93% 92% 87% 82% 91% 864 7% 87% 80% 100% 99% 984 8% 8% 12% 8714 80% 231, 92 90% 103% 109 ;RO RO NN DT AN S 95% 9% 954 91 R6% 10¢ 995 124 1057% 105 112% MISCELLANEOUS. Am AgrChem%s 9 95 AmChainsf6s'33. 1 96% Am Cotton Ol 5s.. Am Repub deb 6s.. Am Smit&R 1st 68. AmSmit& R 68 Am Sug ref 68 AmT& Teltrds.. | Am T&T cl trés. AmT & Tdebb%s. AmT& Tcves.... Am Water Wk bs. Anaconda 1st 6 Anaconda cv db 7s. Armour & Co 4% Armour of Del 5%; Barnsdall s f 8s. | Bell Tel Pa 5n Reth Steel pm 6s. .. Beth Steel 513 '53. | Bethsteel st és. .. Brier H St 15t 5343, Bklyn Ed gen 5s... | Rklyn Edison 78 D. | Bklyn Union G 5s.. | Bush T Bldg 3 °60. | Calif Pere 6348 | Central Leatber b8 | Chile Copper 6s. Commonwth P 6s.. | Consumers Pow | Cuba Cane cv 75 °30 | Cuba Cane cv d 8s. Cuban-Am Sug i | Cenver Gasss. ... Det Edison ref 6s.. Du Pont de N % | Duquesne Light Est Cuba Sug 7%s. Empire GEF 1%s.. Fisk Rubber 8s.... Francis Sug 7%s.. Gen Elec deb Bs. .. Goodrich 6143, . ... Gondyear 8s 1 | Goodyear 88 1941.. { Hershey 63 1942. .. { Humble O&R 6%3. | t11inots Benl 18t bs. | tiinots Steel 4% | Indiana Steel 58.... Inter Paper 68°47... KCP&Lt6sA’S2 Kan G & El 68'52.. Keyser (J) | Kelly-Spring 8 Liggett & My’ Lorillard (P) b2... 04 9644 90% 92 266 106% 977% 974 1014% 103 120% 24 9814 99% 86% 89 103% 100% 8874 86% 5% 9615 10014 10756 99% 95 1003 100% 105% 974 0% £33 9815 107% 9% 106% 107% 105% 103 s 105% A05% 104 104% 1047 104% 1004 100% 1077 108 19 119y 103% 103% 1004 100% 98 98y 944 94% 1025 102% 864 9484 984 100% ® 944 98 1004 Magma Cop v Marati Sug s 7%s. Marland Oil 7%s. Marland Oil 8s'31. { Mexican Petrol 8s. Midvale Steel 65 Montana Power b or's&Co 1st 4128, O ARRBERAGSRS ORGEOR®D R OR RO R NRa e GO G R0 0 r Stats Northwst B Tel Ta. Otis Steel 88...... Pacific Gas & El 68 Pacific T & T 63’52 _ Phila Co 5%s’38... Phila. Coref 63 A.. Phi! & Rdg C&I 6s. Plerce-Arrow ... Pub Serv Elec 6s.. Sinclair Oil 6% Sinclair Ofl 78 Sin Crude Oil Sin Pipe Line & South Bell Tel b3 So Por Rico Sug s, Southwest Bell b - 102 97 98 108% 109% 95 1154% B4 103% 104% 92% 62% 23 91t 83% 93% 9 108% 0% 8% 884 101% 95% - 9% 98 103% 110 95 115% 84% 103% 105 o3 63% 33 92 84% 94% 9916 108% 0% 98% Unit Drug v U S Rub 1strf U S Rubber 7% U S Stecl 8 £ 6 Utah Pow & Lt Va-Car Cliem 7 va-Car Ch T¥s Vertientes Sug 7 ‘Warner Sug 7s'39. ‘Warner Sug 7s 41, Western Elec & Westinghouse 7e.. Wickwire Spen 7s. 2 Willys-Ov 634s°33. 1 ‘Wilson & Co 1st ¢s. 50 88% Winchester A 73%s. 1 101% Youngstn S&TEs. 3 95% FINANCIAL NOTES. NEW YORK, November 1.—Stock- holders of the Iron/ Products Cor- poration have’ approved a reduction in the common stock from 300,000 shares of no par value to 157,310 shares of $10 par value and the pre- ferred from 30,000 shares to 9,873, The' Denver and Rio Grande Western made a good showing in the first nine months of 1924, net operating in- come of $2,214,388, being a gain of $771,382 over the same period last Year, X > ~ €64 | RAILROADS. Sales. High. Low. Cless. 1 83% 83% 83% 90% 90% 90% % 86% 86% 9k 91% 9% 3% 8T% 8T% B&Ocvins, 89% 89% 89% B&Oretbs. 88 Balto & O 1at 6s ct. 50 100% B&OGs. 8 102% 27 100% .10 85 135 80% 4 117% 26 117 4 9% 8 105% Atchison ads AtlantlcCL el Atlantic CL 1st B & O gold 4s. 100% 85 80% 1% 17 79% 105% 99% 87% 9% 95 62 45 101% 2% 59% 5L 10 Bklyn-Manhat ad North €% nada North 7s Canad Pac deb 4s.. Car Clinch & O 6s.. Cent of Ga b%s Central Ches & Ohio cv & Chi & Alton 3s. Chl & Alton 3%s Chi 8&Q 1at rf §s. Chi & E 11l gn § Chi Great West CM & Puget Sd ChiM & St P Chi M&St P 48 ‘3. Chi M&StPcv 4%s 2 ChiM&StPrfd%se. 8 ChiM & St P cv ChIM&StP6s.... 12 Chi Rys bs. 15 ChiRI&Prf4s... 34 ChiTH&SESs.. 2 "hi & W Ind cn 48. 65 CCC & St L 6s. CCC&StLrt Clewre Term bi Colo & Sou 43 “ubaRRBs.. CubaR R 7%s Del & Hudson 5%s3 D & Rio G imp 6 D&RG lstrfbs 3 101% 3% 9% f 50 b4 Erie 1at con 48 £ric gen 4s. .. rie conv 48 B. Erle conv 48 D. Erie & Jersey 6: Erie Genessee R 68 5r Trunk sf db s Grand Trunk 7 Great North 5s. Gr North gen 5%s Gr North gen 7s. .. Havana ERL&P b8 Hud & Man ref bs.. Hud & Man aj 6s 11 Central ref 4s.. 111 Cent ref 53 '65. . Int Rap Tran bs... Int Rap Tr 5s stpd. Int Rap Tran7s... Int & G Nor 1st 6s. Int & G Nor aj fowa Cent 1st Kan City Ft § Kansas City S 3 Kansas City S& Kan City Term 4s. Louis & N uni 45 . Louis & N §s B. Louls & Nash § Manhat Ry cn 4s. Mo Paclfic gn Mo Pacific ks "65. Mo Pacific 6s. Montrl Tm 1st §i N O Tex & M5% N Y Centdeb ds. N Y Centribs. N YCent deb 6 N Y Cen LS cl 3%s. NYChi&SL5%s.103 New Haven cd 6 New Haven 7s. New Haven 7s fr. N Y Ry rf dsctfs. New York Ry aj bs N Y W & Bos 4%s. Northern Pac s D. Northern Pacri6s Ore Short L ret 4a. Ore-Wash 1st rf 4s Pennsyl gen 4% Pennsyl gen 6s. Pennsyl 6%s Pennsyl gold 7 Peoria & E inc 4 Pere Mrq 1st 4s Pere Marq 18t bs. Rio G West 1st 4s L N e L L L @ o EEBaaba —acs StL&SF pl StLSW 1st ds. Seab'd A L ref 4 Seab'd A Ladj bs.. Seab'd A L con 6: Sou Pacific 4a 2! Sou Pacific ctl 4 Sou Pacific ref ¢ Southern Ry =n 4s. Soutuern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%s. ~aoRnEons 15 102% 18 107 16 82y 2 45% 5 8w Union Pac 1st & 6 92 Union Pac 43°27 1 99% Union Pac1strf 68 2 105 virginia Ry rt§s . 11 964 va Ry & P 18t b 6 921 WesternMd 4s.... 18 63% Western Pacific 63. 9 90% West Shore 1st4s. 9 827 Whel & LIErf 448 1 673 —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ——~Close.—, Ofter. 10815 1 82% 6774 Aluminum Co. of Amer. Aluminum Co. of Ame: American Suga American Tel. Anaconda_Copper Angio-American Oil Tl Associated Ol 6s 1935.... Bell Tel. of Canada 5. if: Central of Georgia Gs Central Leat Fisher Tody Corp. Fisher Body Cory Goodyear T. & 1 Great Northern s 1936 Gulf Oil Corp. of Pa. 315 1 Humble Oil 5%s 1932 i c. Corp. Oregon_ Short Pennsylvania Pure 0il 5% Swift & Co. : Tidewater Oil Gigs i Unioa Tank Car 7s 1830 U. 8. Rubber 7%s 1830, Westinghouse F. & M. 7s Wheeling Bteel 68 1926. BUSINESS IS GAINING. Special Dispatch to The Star. BALTIMORE, November 1.—Busi- ness in Baltimore, despite political uncertainties, is moving upward and forward, according to the industrial report of the Baltimore Association. *“While there seems to be a con- fident belief htat the political situ- ation contains nothing thate will prove detrimental to business” the report continued, “the country will, none the less, feel more definitely re- lieved after November 4 has passed. All the coiftributing influences seem to have been satjsfactorily mar- shaled 80 as to buy up evervthing in readiness for good results during No- vember, December and January. BEATS TRAFFIC RECORDS. CHICAGO, November 1 (Special).— The Rock Island Rallroad reports net operating income for the last month was larger than in any month in the history of the road, aggregating 32,839,494, compared with $2,374,100 in August. 2 5 'FINANCIAL [onew vore_ BONDS sroex sxcuavee]| JEIDE]) ADVANCE Received by Private Wire Direct to The Star Office. INPRIGE OF CORN Poor Husking Return Starts Rise, Which Also Spreads to Wheat and Oats. By the Associated Press. CHICAGO, November 1.—Husking roturns that to a notable degree showed much less yield of corn than was Jooked for have brought about a decided advance in the corn market this week and helped to strengthen the value of wheat and oats. Com- pared with a week ago, corn was 4% to 5% cents higher this morning, with wheat % to 2 eents up, oats exhibiting % and % to 1% cents gain, and provisions ranging all the way from 75 cents lower to a rise of 40 cents. Widespread poor husking returns resulted in a price jump of nearly 4 cents a bushel for corn on a single day. Many previous sellers of corn became flurried and made haste to alter their market position. Anxiety to do so was heightened by the fact that for the time being offerings of corn were scarce, and that, with news about husking returns growing more and more bullish, the relative weakness of wheat and oats was quickly counter balanced. Official announcement that the corn yield in Jowa, the banner corn State of the Union, ‘would be at least 100,- 000,000 bushels less than in 1923 re- cefved particular attention, and so, ] too, did reports that the best sections of 1llinois appeared to confirm low estimates. Opponents of higher prices for corn, however, contended that farm feeding of corn was being di- minished fully 25 per oent, and that the actual supply of corn in com- mercial channels this season would approach™ nearly to last year's total In Cbntrast with the influence of corn strength, an outstanding factor as to wheat has been an apparent slackening of export demand at times, even for deferred shipment. Provisions were irregular on ac- count of the big receipts and inferior quality of hogs. COTTON QUOTATIONS ARE BARELY STEADY Good Weather and Easier Spot 5 Basis Causes Slight Declines. By the Associated Pj NEW YORK, November 1.—The cot- ton market opened barely steady to- day at a decline of 4 to 14 points under overnight selling orders. These offerings were absorbed within a point or two of the opening figures and after selling off to 22.90 January ral- lied to 22.99 on covering and trade buying. Reports of good weather and a slightly easier spot basis in the South were colored by the appearance of Southern selling orders, however, and prices eased off again before the end of the first hour, January selling back to about the early low level The amount of cotton on ship- board awaiting clearance at the end of the week was estimated at 206,000 bales against 71,000 last year. Cotton futures closed steady. December January Mareh . May July ... 827 . New Orleans Quotations. EW ORLEANS, La., November 1.— The cotton and rice exchanges were closed here today, All Saints' day. — BALTIMORE DATRY PRODUCTS. BALTIMORE, November 1 (Special). —Live poult; pring chickens, per pound, 18a25; Leghorns, 1Sa2 hens, .17a25; Leghorns, 18; old roosters, 15: ducks, J7a24; pigeon pair, 30; guinea fowl, each, young turkeys, pound, 35a42; 10. Eggs—Receipts, 713 cases. and nearby firsts, free c: dozen, offered, 58; bid, 55; quotations, Butter—Creamery, good to fancy, per pound, 37a42; prints, 42a44; near- by creamery, ladles, 30a32; store-packed, 33a34. GRAIN AND PROVISIONS. BALTIMORE. November 1 (Special). —Potatoes, white, 100 pounds, 50a 1.253; barrel, 75al.75; sweet potatoes, barrel, 1.50a3.75; vams, barrel, 3.00a 4.00: beans, bushel, 1.00a2.50; beets, hundred, 4.0025.00; broccoli and kale, bushel, 35a45; brussels sprouts, quart, 10a20; cabbage, hundred, 3.00a5.0 carrots, hundred, 3.00a5.00; celer: crate, 150a3.25; corn, dozen, 10a40: caulifiower, crate, 1.50a2.50: lima beans, bushel, 3.00a3.50: lettuce, bushel, 50a1.00; onions, 100 pounds, 7 oysterplants, hundred, 6.00a parsnips, 50265: baskets, pep- bushel 5.00215.00; turnips, bushel, voy cabbage, {kins, hundre | basket, 50a1 1.00. arrel, 2.0026.00; bushel, . basket, 15a19; grapefruit, pears, basket, 13a2 .25; quinces, bushel, 1.25; oranges, box, 4.00a5.50. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, 315 2 red Winter, garlicky, Corn—Cob, new yellow, 5.00 per barrel for deferred delivery; track No. 3, 56% and 57. Rye—Nearby, 1.10a1.20; spot, 1.25%. Hay—Receipts, 81 tons. The bulk of hay requirements here are being received by motor trucks from near- by points, which causes a quiet mar- ket at the regular railroad terminal sheds. Market is steady for better grades of timothy and light clover mixed, but prices are irregular on grassy, weedy and mixed hay. . Quotations " today—No. 2 timothy, 19.50a20.50; No. 3 timothy, 17.00a18.00; No. 1 light clover, mixed, 18.50a19. No. 1 clover, mixed. 17.50a18.00; 2 clover, mixed, 15.00a16.00, straw—No. 1 wheat, new, 13.00; No. 1 rye, 13.00a14.00. No. 3 rye, 12.00a RAW SILK VERY ACTIVE. NEW YORK, November 1. (Special). —The raw silk market experienced quite a spurt of activity tolay, with trading good in all lines. Japanese silks were up 10 cents throughout, selling at $6.20 for XXA and down. Cantons were unchanged. The cotton goods market was quiet 4t unchanged levels, . ‘WOOL CONTRACTS CLOSED. BOSTON, November 1 (Special).— The featu of the raw wool markets again today was the enthusiasm with which dealers are closing contracts in the West. Little business is being done here, but dealers are confident there will be a strong revival after election. y ine INTEREST ON BONDS BEING PAID TODAY W. R. & E. Distribution Made by Local Bank Instead of in New York. BY CHAS. P. SHAEFFER. The first interest payment on the coupons attached to the $2,496,000 Washington Railway and ctric general mortgage and refunding 6= is due and payable today. the Amer- ican Security and Trust Company making the distribution for the com- pany. Interest is pald semi-annually and $74,880 will*be required to redeem the coupons. This is the first time interest or principal on any of the bonds of the Washington Railway and Electric Company has been made payable in the home city. All other issues call for payment at New York banks. The Washington Gas Company bonds, both the 5s and 6s, are pay- able as to interest and principal at the American Security and Trust Co. Payments of interest on Capitol Tractian 53 and redemption at ma- turity is also provided for in New York. Railway and Electric 6s have not acted with any particular display of strength since their flotation, and th late sales have been slightly belov the flotation price. These bonds car out July 17 with two months and se enteen days accrued interest, they having been used as collateral with banks for some time before bei sold. Part of the proceeds were used to retire something over $1,000,000 dc benture 6s which matured early this year and the balance was supposed to be held against future maturities Additional flotation of bonds by the Washington Railway and Electric Company cannot but call attention to the cloged first mortgage of the Capi- tal Traction Company. Last night's display of automobiles would suggest that there was very little business left for bus or street car, and vet the traffic on the latter continually taxes the capabilities o service. Seeks Bond Permit. The Western Maryland Railway tc day applied to the Interstate Com merce Commission for authority, non inally, to issue $5,658,575 of first anc refunding mortgage 5 per cent bonds to be used partially to reimburse the road for expenditures made for ter- minals, extensions and betterments and purchase of new rolling stock since February 16, 1917. Ours Needing Repairs. Frelght cars i need of repar October 15 decreased 8,818 to a tota! of 197,226, or £.5 per cent of the num- ber on line, compared with October 1 the American Railway Association reports. Those requiring heavy re- pair totaled 153,564, or 6.6 per cen a decrease of 3,891 Failures Increase Slightly. Commercial failures In the United. States this weck totaled 413, R. G Dun & Co. reports, 11 more than last week. and an incréase of 25 over the number a year ago. There were more tailures this week in the East and West than last week, but fewer in the South and on the Pacific Coast Trading on Loeal Exchange. Heavy selling of Washington Rail way and Electric general and re- funding 6s, accompanied by an ad- vance of a quarter point, featured t week's concluding session on the loca! oxchange this morning. A total of $29.000 face value, changed hands at 98%, with the exception of t first $4,000 that sold one-eighth lower. Railway 4s also_scored a quarter point advance to 731 on a sale o £1.000, and Potomac Joint Stock Lant Bank bonds enjoyed their firs activity, $1,000 selling at par and . half. The stock list was quict Unlisted Securities Prices. The following latest “bid” anl “asked” prices for unlisted securi- ties are quoted for the guidance of holders of these issues: RONDS, ¥ Clul Bid. Asked Army and \ Cosmos Club 4 City Club Ts....... ... Metropolitan Club 47 STOCKS. Anacostis Pank.... Banking Trust & Mort Sacks 77 pfd Connecticut Pie Co Christian Heurich Brew Departmental Rank.. Raleigh Hotel Co......... hington Title Tns. Co..... shington Base Ball Ciub, Woodridge & Langdon Sav. CHICAGO GRAIN PRICES. CHICAGO, November 1. —Wheut scored meaderate gains in price tod. after a hesitating start. Firmness of quotations at Liverpool was more or less responsible for the upward turn here. With European continental ex- changes taking a holiday. trade w rather light and, the market easil infiuenced. The opening. which was unchanged to % lower, December 141% to 141%, and May 1.47% to 1.471%, was followed by a slight gen- eral sag, and then by an advance all around to well above yesterday's finish. Fine weather tended to keep corr and oats easy. After opening at lower to % up, December 1.06% to 1.06 %, the corn market underwent a moderate general setback and then railied. Oats started unchanged to %al higher, December 49%a491: to 491 Later all months showed something of a decline. P In sympathy with lower prices on hogs, the provision market was weak PACKER’S CASE TAKEN UP. Government Resumes Hearings on Attitude Toward Traders. CHICAGO, November 1.—Hearings in the case of the United States De- partment of Agriculture against the Armour-Morris Packing Co. merger, effected two years ago, have been re- sumed, following a lapse, during which the packers and the vern- ment agreed upon a stipulation of facts relating to the attitude of the packers toward traders. The hearing centers now around the refusal of the packers to buy traders’ hogs, with the determination of whether or not this practice is in restraint of trade. The packers, hav- ing been asked to show cause why they should not buy hogs from trad- ers, contended that the trader was « speculator. and that packers have never purchased from this class of seller, owing to the alleged method of weight inflaiion BUTTER PRICES LOWER. CHICAGO, November 1.—Butter lower; creamery, extras, 38 stand- ards, 37; extra firsts, 36a37; firsts, 32 434; seconds, 29%a30%. Lggs lower: receipts, 7,606 cases; firsts, 42a49; ordinary firsts, 37adl.