Evening Star Newspaper, November 8, 1924, Page 24

gy ANOTHER VIOLENT MOVE IN STOCKS Spectacular Rise Sends Long List of Shares to Peak Prices for Year. By the Associated Press. NEW YORK, November 8—Stock prices gave another remarkable dem- onstration of strength at the opening of today's market, which was fea- tured by the enormous demand for railroad shares. Most of the initial sales were in blocks of a_thousand shares or more, Pere Marquette standing out with a gain of 2% points on one transaction of 2,300 shares. New York Central, Frisco common, Atlantic Coast Line, Wabash preferred A, Louis Southwestern and Seaboard Air Line also sold at new 1924 peak prices. United States Steel touched 112%, the highest price since 1919, and Baldwin climbed 2%. Wildest Scramble Since 1919. Brokers reported that the opening scramble for stocks was the most sensational trading since the break which marked the beginning of the deflation period in 1919. Twenty-five rails had attained new high prices for the year in the first half hour, with half that number of industrial in new high ground. dwin, Chi- cago Northwestern, ional Lead, Delaware and Hudson, Union Pacific, athern Pacific nts above last while scores point or more. touched 113, and United Foreign demand high sing figure: of others moved up United States Steel American Can 142% “ast Iron Pip exchanges opened strong, sterling touching another new at $4.59%. WILD BUYING RENEWED. Market Starts Off With Prices Again Bounding Upward. BY STUART P. WEST. Special Dispateh to Th NEW YORK Friday's treme stock exchange the market today started in with a rush. The public imagination had been worked up to a high pitch over the possibilities of the railroad stocks, now that the ad- ministration control «f Congress and all danzer of an lation has been removed. advan at the opening wild seen in Wall They recalied the the inflationary era Star. wember dous trading §.—After on the in vears speculation of 1919-20. New Saturday Record. The turnover of stocks was enor- mous. In fact. it reached record- breaking portions for a Saturday half holiday. Nothing like it had been seen since the Autumn five years ago, when business re. d the larz- | est volume in the tory of the stock exchange. Overnight advance of 1 ints occurred all throuxh | the railway : stocks of the sort which have not moved as as this in w w high made in Southern y:‘m\m;. whic was up a point; Louis and c rted in ove Kan M shares, in in the and T and Pacific. nd Texas B. & 0. at High for Year. Baltimore and Ohio jumped points tc new high for the year u’ &. Delaware and Hudson. which had at 12 take sharp was due mainly vestment consideratio; A Coast Line was ted to a new on the usual talk of dividend increas and L. and N. went along sympa- thetically. New York Central sold early the day at a fresh top figure above 116, but subsequently felt the of realizing sales. Stocks of the Van Sweringen group bore thel full part in the upturn. The very first transactions in Pere Marquette w recorded at 65 as against the previ- | ous clos The other related | issues. kel P'late, Chesapeake and Ohio and ries—were all in demand. 11 as the ie CHICAGO LIVE STOCK MARKET | CHICAGO, November § (United Department of Agriculture)— 10¢c hhtln . bulk desirable, 180 butchers, 9.30a10.15; 170 pound weizht, packing sows, 8.90a9.1 weight slaughter pi y timated holdover, acker and shipper droves Friday, | E averaze weight, 222 pounds. Cattle—Re pts, 1,000 head; com- pared with week ago choice weighty | steers steady others after losing early advance and registering fresh declines as low or lower than any time this earlings steady to 25¢ higher carlings, 13.00; best heavies, 10.85 early; short fed pre- c¢ominating in matured steers ar- rivals; fat cows, strong to 25 higher; beef heifers exceptionally dull; bulls, stockers and feeders, steady; latter in narrow demand; vealers, 25 0c lower; week’s bulk fed steers, fat cows, 3.75a5.75; heifers, anners and cutters, 3.00a 3.50; veal calves, 5.75a9.30; stockers and’ feeders, 5.0026.75. Sheep—Receipts, 3,000 head; including around 2,000 direct; today’s mark steady; bulk fat lambs, 14.00al4. for week; around 2,500 direct and B8 cars of Westerns; compared with | ‘week ago; fat lambs, 50 to , higher; fat sheep, 25 to 50 higher; feeding lambs, 25 higher; bulks for week, fat wooled lambs, 13.75a14.25; top, 14.35; clippers, 11.00al yearlings, 10.00 all.25; top, 11.50; wethers, 8.00; fat ewes, 5.00a7.00, bulk strong 00a verage cost The height at which snow remains on mountains throughout the year de- pends on the climate of the surround- ing country. In the Andes the alti- tude of eternal snow is 18,400 feet. New York Stock and Bond Averages. Friday, November 7. STOCKS. Total stock sales, shares. Twenty industrials averaged 103 91; net gain, .62 High, 1924, 104.13; Twenty railroads 95.47: net gain, 2.23. High, 1924, 95.47; low, 81.00. BONDS. Total bond sales (par value), $24,329,000. Ten first grade ralls averaged 89.81: net gain, .21. Ten secondary rails averaged 88.82; net gain, .57. Ten public utilities averaged 91.32; net gain, Ten industrials averaged 95.73; net gain, .50. Combined average, 91.42; net gain, 3L Combined average month ago, 90.87; year ago, 86.79. 2,316,000 low, 90.27. averaged in! effect | "FINANCIAL. Adams Exp (6).. Adv Rumley. ... Ad Rurhly pf (3). Air Reduct (15). Ajax Rubber. ... All Am Cable (6) Allled Chem (4). Allied Cm pf (7). Allis Chalm (4). Allis Chlm pf (T) Am Agricul Chm Am Ag Chm pf.. Am Beet Sug (4). Am Bosch. Am Can (16) Am Can pf (7 Am Car & F (12). Am Chicle. . Am Drug Snyd.. Am Express (6). Am & F P 25%(7) AmF P pf (7). Am Hide & Lea.. Am Hide & L pf. AmTce (7)...... Am Internatl... Am LaFrance (1) Am Linseed. .... Am Linseed pf. .. Am Locomo (. Am Metal (3 Am Metal pf (7). Am Radiator (4) Am Ry Exp (6) Am Saf R (50c) . Am Ship & Com. Am Sm & Ref (5) AmS& R pf (7). Am Snuff (12). .. Am Stl Fdys (3). Am Sugar. Am Sugar pf ( Am Sumatra. ... AmT & Cab (5). AmT & Tel (9). Am Tobac (14).. Am Tob B (14).. Am Tobac pf (6). Am W W pf (6). Am Woolen. .. .. Am Wool pfd Anaconda. .. Ann Arbor pf... Asso Dry G (5).. AtT & S Fe (6). AT&SFpt (5 Atl Birm & At Atl Coast L (18). AtGulf & WI... At Gulf & W I pf Atlantic Refining Austin-Nichols. Baldwin L (7).. Bald Loco pf (7). | Bal & Ohio (5).. Bal & Oh pt (4). BarnsdallA..... layuk Cigar.... Beechnut (2.40). Bethiehem Steel | Beth Stipf (7). Bkl Edison (8). Brklyn Un G (4) Erunswick Term Butte C & Zinc. . Futte&Superior. Butterick Co. ... addo Central. Packing (6). Pete (1%) Calif Pet pf (7). cific (10 - se Thresh pf. | Cent Leather. much | C Certain-Teed. .. d Mot (3).. | Ches & Ohio (4). & O pf (612) Chicago & Alton | Chic & Alton pf. IS | chi | Chi , | Chi Mil & 2| Chi Mil & |Chi & Nwn (4) '(‘h RI& Pac... “RI&P DL ( "mnl&vm‘t?\, C StPM&O pt (7) Chi Yellow C (4) .%(‘hi]t-(‘flp(llq).. no Copper. Cluett Peab (5).. Coea-Colo (7) Coca-Cola pf (7). Colo Fuel & Iron | Colo Southern. .. | Colo Sou 1st (). Col G & E (2.60). Com Solv A (4).. Com Solv B Congolum-Nairn Conley Tin Foil. Consol Cigar Consol Gas Consol Textile Cont Can (4).... Cont Mot (80¢).. Corn Prod (2) . | Corn Prod pf ( Cosden Co. | Cosden pf (7). Crucible Stl (4). Cub Am Sug (3). | Cuban Cane Sug. Cub Cane Su pf.. Cuba Dominican Cuban Dom pf.. Cushmans (3). .. Cuyamel Fr (4). Dantel Boone. .. Davison Chem Del & Hud (9). Del L& W (6). Detroit Ed (8)... Dome Mines (2). Doug Pectin (1). Du Pont (8) Eastman (17%). El Stor Bat (4).. End-John (5) Erie 1st pf. Erie 2d pf Exchange Bf ( Fairbks (2.60) Famous PI (8). Famous pf (8) Fed Lt & Tract. . Federal Mines Fed Mines pf (7) Fid Phoenix (6). Fisk Rubber. ... Fish Rubber pf. . Fleischman 1332 Foundation (6).. Freeport-Texas. Gardner Motor... Gen Am Tnk (3). Gen Asphalt. Gen Asph pf (5). Gen Baking (6). Gen Cigar (8). .. Gen Blectric (8 Gen El spl (60c). Gen Motors Gen Mot pf (6) .Gen Mot pg (7) Gen Petro? (2) Gimbel Bros. . Gimbel Br pf ( Glidden Co. . Goodrich. ... Goodyear pf.... Gdyear prior (8) Granby Consol.. Gray & Davis. Grt North pf (5). Grt Nor Ore (3). Grt Wstn Su (8). Guantar.amo 3 Gulf Mo & Nor Gu Mo & N pf (5) Gult St Steel (5). Hartman Co (4). Hayes Wheel (3) Household P (3). Houston Oil. ... Hudson Man Hud Manpr..... Hudson Mot (3). Hupp Motor (1). Tllinots Cent (7). 111 Cent pf (6). .. Independ Oil (1) Indian Motoreyc Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr Int Bus Mac (3). Int Cement (4) .. Int Com Eng (2) Open. High. Low. Close. 88% 10% 38% 83 8% 111 73% 116% 60% 101% 13% 36% 38% 25% 140% 118 167% 154 59 15% 47w 46% 39 28 867 106 6% 113% 113% 9%, 17% 5% 38% 24% 30 107% 51% 2% 88% 10% 38% 83 8% 111 3% 116% 60% 101% 13% 37 38% 25% 142% 118 168% 34% 6 119 116% 116% 88% 10% 38 82% 8 111 73 116% 59% 101% 13% 36% 38% 251 140% 118 167% 34% 5% 119 116% 116 11% 67 % 30% 88% 10% 38 82 8% 111 73% 116% 5914 101% 13% 37 38% 25% 142% 118 168% 34% 6 119 116% 116 11% 67 8% 30% [ THE EVENING STAR, WASHINGTON, D CE SATURDAY! NOVEMBER 8, 1924. Internat Har (5) Int Mer Marine. . Int Mer Mar pf.. Internat Nickel. Inter Nick pf (6) Internat Paper. . Int Pap pf st (6). Inter Shoe (4). Int Tel & Tel (6) Invincible OIl... Iron Prod (5)... Jewel Tea...... Jewel Tea pf. Jones Bros Tea. . Jordon Mot (3).. Kan City South. Kan C So pf (4). Kayser (Julius). Kelly Spring pf. Kennecott (3) Kinney G R. . Kresge Dep Str. Kuppenheimer. . Lehigh Val (3%) Lig & Myrs (3)... Lig & Myrs B (3) Lima Loco (4) Loews Inc Lorrillard 3). ... Louis & Nash (6) MeclIntyre (75¢).. Mackay pf (4)... Mack Trucks (6) Mack Trk 1st pd. Mack T 1st (7).. Mag: Copper.. Mallinson & Co. . Man El Sup (4).. Man Bl gtd (5).. Man El md gd 4. Manhat Shirt (3) Manil El Co (8). Maracaibo Oil. .. Market St 2d pf. Market St prior. Marland Oil. Martin-Parry 4. Mathieson Alka. Maxwell Mot A. . Maxwell Mot B. . May Dept St (5). Metro Gold pf. .. Mex Seabd Miami C g M StP&SSM (4). Mis Kan & Tex.. Mis K & Tex pf.. Missouri Pac . Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3).. Mother Lode Mullins Body Nat Biscuit (14). at Cloak & Sut Nat Dairy (3) at Distiller: Nat Enamel & Nat Lead (8).... Nat Lead pf (7). at Supply (3).. evada Copper. . O T&M 123% .. Y Air Br (4) Y Central (7). Y C & StL (6). YC&StL pf (6). ¥ NH & Hart. . nt & West. Niagar F pf 1%, Norfolk South Norf & W (18). .. North Am (2.40). North Am pf (3). North Pac (5) Otis Elev pf (6). Otis Steel. . 5 G eel pf. Owens Bot (3) Pac Gas (8).. Pacific Oil (2). .. Packard (11.50). Pan-Amer (4). Pan-Amer B (4). Fark & Tilford. . Parish & B sta. . Penn C & C (4 Pennsy Penn Seab Steel. Peoples Gas (7). Peoria & Bast Pere Mard (4). .. Pere Mar pf (5). FhilaCo (4)..... Phila& RC&I. Phillip Morris. .. Phillips Pet (2). Pierce Oil Fierce Oil pf. Fierce Petrol Pitts Ut ctfs 1. Pitts & West Va. Pitts & WVa rts. Postum Cer (4).. Press Steel Car. . Press Steel C pf. Prod & Refiners. Pub Ser NJ (4). Public Serv rts.. Pullman Co (8). Punta Al Su (5). Pure Oil (1%)... Radio Corp of A. Radio Crp pf (7). Ry SUSPE (8)... v, SESEpL). - ay Cons Cop. Reading (4). Reading rts Iicading 1st (2). Remington Type Remingtn 1st (7} Replogle Steel Rep Ir & Steel. .. Rey Tob B ll}... Roy Dutch 4.423% Rutland pf...... St Joseph Ld (2) St L.San Fran... St L San F pf (6) St L Southwest. . StLSwn pf (5).. Savage Arms. Schulte (8). .. Schulte pf (8)... Seaboard Air L. . Seabd Air L pf. . Sears-Roebk (6) Seneca Copper. . Shell Union (1). Shell Un pf (6).. Simmons (1). ... Simms Petrol. Sinclair Ofl. . Sinclair pt (8) Skelly Oil. . . Sloss-Sheff (6) Sloss-Shf pf (7). South Port S (6). South Pac (6). .. Southern Ry (5). South Ry pf (5). Std Gas & El (3). Stand Mill pf (6) St Oil Calif (2).. StOINJT (1).... Stand P1GI (3).. Sterling Prd (4). Stew Warner (5). Stromberg (8) . . Studebaker (4) .. Submarine Boat. Superior Oil. Sweets of Am Tennessee Coppe Texas Co (3).... Tex G Sulph (7). Texas & Pacific. Tex & Pac C & O Third Avenue. .. Tide Wat Oil (4). Timken (13%).. Tobac Prod (6). . Tobac Prod A (7) Transcont Oil. ... Un Pacific (10) Un Pac pf (4). Utd Cigar (3%) . Un Cig St pf (7). United Drug (6). Utd Drug 1st 3% Utd Fruit (10) Utd Ry Invest. .. i Utd Ry Invest pf U SCastIron P.. USCIPPI(T.. U S Distributing U S Ind Alcohol. S Realty (8)... S Realty pf (7) S Rubber-..... S Rub 1st (8).. U S Smelting. ... U S Steel (16%). U S Steel pf (7). Universal Pipe. . Utah Copper (4). Utah Securities. Vanadium...... u U u U | Va-Caro Chem. . NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office Open. High. Low. Close. 96% 9 3% 20% 94 4% 68% . 111 82% 16% 56% 20% . 102% 17 33 2% 56% 21% 49% 48 76% 45% 26 68Y3 63 62% 60% 18 103% 16% 66% 99% 96 102% 3413 31% 37 77 35% 43% 96 127% 44% 76% 4614 637% 35% 44 5% 47 72 69 109% 112% 22% 3415 123% 1% 20 96% 11% 126% 36% 66 90% 4 146% T4% 52% 117% 104% 50% 205% 20% 48 125 101 31% 79% 93% 102 33% 88 34 112% 122% 17% 79% 32% 24% % 96% 9 37% 20% 94 44% €8% 111 82% 16% 57% 20% 96% 9 37 20% 94 44% 681 111 82% 15 56% 20% 96% 9 37% 20% 94 44% 684 111 82% 15% 5T% 20% 102% 102% 102% 17% 33% 28% 567 21% 49% 48% 6% 45% 26 69% 63 62% 62% 187 17 33 27% 56% 21% 49% 48 6% 45 26 68% 63 62% 60% 18 6% 84 37 102% 16% 66Ys 98Y 96 4 102% 130% 41% 26 28% 47 126% 117 14% 6514 20% 35% 43% 96 154% 4412 6% 46% 63% 35% 4% 5% 47% 2% 70 110 112% 22% 35 123% 1% 20% 96% 34 18% 18 81% 22% 69% 0% 66 100% 73 ™% 38% 80 61% 3% 13% 64% 56 65 39% % 5% 2% % 42% 81% 42 9% 13% 127 37 66% 9% 4 147 4% 52% 117% 107 50% 205% 20% 48% 125 101 31% 79% 95 102 33% 88% 34 18 122% 17% 9% 33 344 31 36% 77 48% 363 115% 46‘9 ms 21% 6314 1% 68 109 112% 21% - 34% 123% 1% 20 96% 33% 18% 17% 814 22 69 90% 66 9934 2% 77 38 80 61 367% 13% 64% 55 65 38% % 5% 2% % 41% 80% 41 9% 11% 126% 36% 66 90% 4 146 4% 52% 117% 104% 50% 205% 20% 48 124% 101 31% 8% 93% 102 33% 88 33% 112% 122% 17% 9% 32% 17% 33% 27% 56% 21% 49% 48Y% 103 16% 67 99% 96 102% 34 32% 37% 71 48 36% 115% 27 15 41 108% 21144 48 63% 71 481 109% 112% 22 34% 123% 1% 20% |. 96% 34 18% 17% 814 22% 69% 90% 66 100 73 1% 38% 80 61 3% 13% 64% 55% 65 39% T4 5% 2% % 42% 81% 41% 9% 13% 127 36% 66% 91 4 146% 4% 52% 117% 107 50% 205% 20% | 48 124% 101 31% 9% 95 - 102 33% 88% 34 112% 122% 17% 79% 33 26% | 24% 35 1% 1% 1% TRADING IN BONDS AT BOILING POINT More Extraordinary Gains in Some Instances Than in Stack List. BY GEORGE T. Special Dispatch to The Star. NEW YORK, November 8 —Another boiling market in speculative rails closed the week in bonds. Follow- ing Friday's spectacular ri: buying orders for the loW-priced, high-yield- ing securities flooded the market and at times an advance of a point be- tween sales was the result, a far more extraordinary rise in bonds than would be the case for the same amount in stock Lending Favorites. Prominent among the many favorites were the Seaboard Air Line obligations. The adjustment Gs, which closed Fri day at 71, in itself a gain of points on the day, opened today at 72 and then jumped to 73. This is a new high record since long before the war, the highest price at which this issue ever sold being §4% in 1912. Seaboard refunding s, closing Friday at 5%, sold today above 60, also :|. new high record for recent years. Seaboard 65 ran up above 85 for a smaller gain. St. Paul 4s of 1925, closing Friday at 741, sold up a point almost directly after the opening today. Other St. Paul bonds went up to a less degree. Chicago, Great Western 4s were taken in large volume at 623, another new high HUGHES. B. & O. Ixsues Strong. Baltimore and Ohio convertible 41s were also in demand. Along the same line, Chesapeake and Ohio convertible 5s sold at par and Mis acific 5s of 1965 equaled yesterday's high. In nearly all thes: es there were some subsequent rec but the market for the rails was atrong to the close, High-grade in were neglected today, attention being cen- tered on the speculative bonds. Most of the Liberties were trifie lower. > first mortgage rails of the sav- ings class were not so much affected the United tes Government loans. Foreign bonds were quietly firm, but speculative buying was at standstill. The most noticeable fea- sistent buying of the Averages at Year's High. Trading in the industrials was not heavy and there were some losses | among the bonds of the sugar produc- | ing companic Tractions, on the other hand, were strong. There was nothing in the money situation or in business development to unt for either Friday's or to-| q: sudden reversal of sentiment | toward railway bonds. Rather it| represented the conviction that the | carriers were to be allowed to work out their own salvation unhampered by legislation. The average price for domestic | bonds is now at the high of the year. | Foreign bonds, however, are still well | below their best average price of the year. ° TREASURY CERTIFICATES. December 1. December 1 Mareh 13, Juve 13, September December 1 March 15 Septembe March 13, December + SHORT-TERM SECURITIES. (Quotations furnisted by Redmond & Co.) ~Close.— Onter 103 Aluminum Co. of Amer. 7 Lo Aluminum Co. of Amer. Ts I American Sugar s 1 et & Tel. 6w 18 Continent Du_Poat Yo il Fedural Sugar Ref. Fisher Body Corp.’ Gs 1 sher Body Corp. 63 Gult 0il Corp. of Humble 011 3ipe 1032, Lehigh bow. ‘Ko, Corn, 0a 1033 M ‘0. Thas 1930. New York Central 68 193: rort Line 43 19 TS, Western Union_8%s 1936.. Westinghouee E. & M. 75 1931 Wheeling Bteel 6s 1928. COFFEE Pmcfimns IN NEW YORK MARKET Jump of 3-4 of Cent Per Pound Due to Small Stocks Now in This Country. By the Associated Press. NEW YORK, November §.—Coffee advanced about % of a cent a pound on the local market today and the commodity continued to soar despite the recent unusual gains. Today's market was marked by a continuation of local coverings and some new out- side buying attracted by the advance. The market appeared to be feeling the influence of an uneven distribu- tion of supplies as, while the world’s visible supply of coffee is about 400,- 000 bags larger than a year ago, stocks have not moved from the pri- mary markets, especially Brazil, as readily as expected. In consequence, stocks in America are small and the selection is poor. e Average purchasing power of people of India is now only $10 a year. _— 4% 4% 4% 4% 18% 18% 184 52% 524 51% 34% 34% 19% 19% 14% 14% 12 12 12% 12% 21 20% 26% 26 8 78 112% 112% 62% 62% 15 14% 26% 26% 26% 26% 65% 64 3 b 4 5% 5% 15 15 5% T 6414 63% 109% 108% 40 40 13 12% Va-Caro Ch pf Wabash. . ‘Wabash pf A Wabash pf B Waldorf (1%)... Webber & H (1). Wells Far (2%). West Maryland. West Md 2d pf... Western Pacific. ‘West Pac pf (6). ‘West Union (7). ‘Westinghouse (4 Wheel & L Erie. Wheel & L E pf. ‘White Eagle (2) White Mot (4).. Wickwire Spence Wilson & Co. ... ‘Wilson & Co pf.. Willys-Overland Willys-Over pf.. Woolworth (3).. Worthington. Wright Aero ( Wwrigley (3).... 44 m Yellow Cab (5).. 38% 39% 38% 13 20% 26% 8 113 625 14% 26% 26% 64 1 5% 15 7% 63% 109 4011 12% 4 39% ‘ON NEW YORK BONDS o rxcnsver | Received by Private Wire Direct to The Star Office. UNITED STATE: S BONDS, (Bales are in $1,000.) Salew. H Lib3%s. . Lib 1st 4}s Lib 2d 4% Lib 3d 4%s. Lib 4th 41s US4%s 1952, 5L6 101-3 . 141 102-11 1028 156 101<18 101-16 101-16 <174 102+3 102 . 464 10217 1 131 106-26 106-19 106-19 Close. 100 102-8 Low. 100 102 15 102-15 FOREIGN. Sales. 3 2 Argentine 6s'37 Argentine 7s Austria 7s. . . Bank of Japan 6s. Belgium 6s Belgium 6%swi.. Belgium 7%s. Belgium 8s Berne 8s. Bolivia 8s.. .. Bordeaux 6s Brazil 7s Brazil 8s Canada 5 1926, Canada 5s 1931. Canada Canada 5%s 1929, Chile Ts 1943 Chile 85 1926 Chile 85 1941 Chile §51946. . Chinese Gov R: Copenhagen 5% Cuba 515 Czecho 88 195 : Czecho 8s 195" ek, Danish Mumc 85 A Denmark 6s. Denmark 8s.. ... D E15%s Mch '53 P EI5%s Nov'53. ’}18 . French Govt 7l l«n nch Govt 8s. Germany 7s w i Haiti 6 cEiies Holland-Amer 6s. Hungary 63%s Japanese 4s. Japanese 6145 Jergens U M 6: Lyons 6s Marseille 6. Montevideo 7s. . . ctherlands 6s ‘54 etherlands 6s'72 orway 6s1945. .. orway 6s 1944. .. orway 6s 195 Norway Paris-L Paris-L, Prague,7%;s. . Queensland 7 : Rio de Jan 8s 1945 Rio de Jan 8s 1947 o Paulo State 8s cine Dept of Ts -rbs Cr'tes Slo §s vissons 6s 9 2 3 Swiss Confed 8s. . ru;.m Ud Kingm 5% Ud Kingm 5 MISCELLAN Ajax Rubber &s 2 Am Agr Chem 5 Am Am Smit&R 1st 5s. AmSmit &R 6s. .. Am Sug ref 6s. AmT& Tecltrds.. Am T&T cl trbs. .. AmT & Tdeb 55 Am Water Wks Anaconda 1st 6s Anaconda cv db |Armour & o 4 Armour of Del 5 Associated Oil 6; nsdall s f 8s.. . Boll Tel Pa 5s. . Beth Steel pm 5 Beth Steel rf 5s. . . Beth Steel 5135 '53 Beth Steel s f 6s Brier H St 1s Bklyn Ed gen 5s Bklyn Ed 7s C Bklyn Edison Bush T Bldg Calif Pete 6%s. . Central Leather 55 Chile Copper 3 Colo Industrial 5s. Col Gas & El15 s & Kl 5 Commonwth P 6 Con Coal Md 1st 53 Consumers Pow Cuba Cane cv d 8s. Cuban-Am Sug 8s. Denver Gas 5 . Det Edison 55 '40. . Det Edison ref 6 Donner Steel Du Pont de Duquesne Light 6s Est Cuba Sug 7's. Empire G&F 7%s. Fisk Rubber 8s. .. Francis Sug 7%8s. . Goodrich 6%s..... Goodyear 8s1931.. Goodyear 8s1941. . Hershey 6s 1942 Humble O&R 5%s Illinois Bell 1st 5s. Illinois Steel 43:s. Indiana Steel 5s. .. Int Mer Marine 6s. Inter Paper 5s'47. KCP & Lt 5 A '52. Kan G & El 65 '5: Kelly-Spring 8s. .. Liggett & Myrs 5s. Magma Cop cv 7s.. wnati Sug st 7 Marland O T%s w. Marland Oil 8s'31. Mexican Petrol 8s. Montana Pow 5s. . Mor's&Co 1st 43s. New Eng Tel 5s... NYG EL H&P 4s.. NYTeld¥%s...... N Y Tel 65 '41. N Y Tel 65749.... North Am Ed 6s North Am Ed 6%s. Nor States Pow 5s. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 7%s. . Pacific Gas & El 53 PacT & T 1st 55 Pan-Amer Pote 73, People’s Gas 5s. Phila Coref 65A.. Pierce-Arrow 8s. . Producers & Rf 8s. Pub Serv Elec 6s. . Punta Alegre 7s Sinclair Oil 6%s. Sinclair Oil 7s. Sin Crude Oil 5%s. Sin Crude Oil 6s. . . So Por Rico Sug 7s Southwest Bell 5s. Steel & Tube 7s... Sug Est Orient 7s. Tenn Elec Pow 6s. Unit Drugcv 8s... USRublstrfbs.. U S Rubber 7%s.. USSteelsf5s.... Utah Pow & Lt 5s. Va-Car Chem 7s. . Va-CarCh7%ssw Vertientes Sug 7s. ‘Warner Sug 7s'39. West Elee bs.. West'n Union S%s ‘Westinghouse 7s. . Wickwire Spen 7s. Willys-Ov 6145 '33. ‘Wilson & Co 1st 6s Wilson & Co cv 6s. Wilson&C cv 7%s. Youngstn S & T 6s 0 - ey S J m&--...~n.-.mm-.c....—.mo.w.-....;.mn..a.m.m...;..u..u~ »o-s—aunup-’f—wwe— 3 Low. Close. ¥in Y4 102% 10: % 94% 95 991y 99% 100% 100% 26% 96% 110 110 107% 107% 1% 111% 92% 92 8T% 8% 82 2% 85 95 101 101 101% 102 103% 103% 103% 103% 98 9% 104 104 107 107 106% 106% 424 434 95% 95% T4 2T 100% 100% 100% 100% 109% 109% 106% 100% 110% 110% B9% BO% 89 R9% 97 974 96 8% 102% 102% 93 93 100% 100% 104% 104% il 94% 921 81% 8% £3% 917 87h 87% High. 94 102% 95 99% 100% 96% 110 107% 111% 93 87% 824 100% 101 101% 101% o8 £8Y 98% 99 98 98l 2% 112% 81 &1 3% 93% 99% 90% 1694% 109% 5% 86 o4 9% 1% 86% KT7is 874 K7 1044 1047 99% 100% 114% 114% 66% 65% 113% 113% 1064 106 106% EOUS. 94n 91% 4% 94u f4% 94% 964 964 96k 97% 97w 97w ts 1064 1061 39 99 101 103 103 824 s2y 9u% 9RY 100% 100% 6t B6w 89% 89% 101% 101% 103 103 1004 100w Ry proa 84 85 3% 93% 97 97 101% 101% 105% 105% 107% 107% %% 95 100% 101 100% 100% 106% 107 80 80 100% 100% 100% 1004 97 97y 5 2Ty 9 91 981 98y 108 108 91% 91% 9915 9915 107 107% 84U 84w 10714 107% 105% 105% s 103% 103% 9T 97K 107% 108 1054 105% 100% 100% 109 109 119% 120 1034 103% 100% 100% 98 98 944 94w lnsv. 103% 884 8614 854 98% 974 9914 116 93% 1084 106% 107% 107% 99 99 79 9% 1014 1014 86% 864 96% V63 106% 107 109 109 9% 96% 100% 100% 4 94 94 1045% 104% 108% 108% B4% B4w 944 94Y% 99% 99% 103 103 94% 94% 103% 103% 85 86 109% 109% 103% 104 104% 104% 86 86 91 s1 1004% 100% 100% 100% 1024 102% 97 97 104 104 9% 94k 934 984 115% 115% B4k 84K 1043 1043 105 105 93% 93% 64 64% 33% 34w 92 92 84 84 99% 994 111 111 108 108 76% 6% 98% 98% 887 89% 49% 49% 49% 49% 5% 95% 101 ss% 94y 98% 9714 115% B4k 104% 105% 93% 65 34% 92 84 99% 111 108 6% 98% 89% 49% 49% 95% VACUUM OIL DOING WELL. NEW YORK, November extra dividend of § Vacuum Oil for the 1924 brought the ye: ments to $3.75 a share, with $2.50 a share profits 8.—The 1 declared by last quarter of ar's total pay- compared in 1923. Net in 1923 of $13,314,114 were equal to $5.41 a share and it is ex- pected 1924 earnings will be sub- stantially larger. stock. {Partly extra. iPayable in preferred atock. Dividend rates as given in the above t are the annual payments based Iatest quarterly o Unless otherwise noted, extra” o dividends sre oot included. _— A skilled workman same length of time, can make 2.000 i sently "deciarations | to 3,000 cigarettes by hand a day while special |2 machine will produce 150,000 in the 7% o7 | ‘| Third Ave ref 4s | D&RGIstress. . RAILROADS. Ann Arbor 4s 231 63% Atchison gen 4s. . . 90% B&Oprin3is... 2 100 B & O gold 4s 8% Bé& Ocv4is 90% B & O ref 58 86% Balto & O 13t bs ct 100% Bi& O 6s g B & Orf imp 6s. B & O SW div 31s. B & O SW div 3%8 B & O Toledo 4s. .. Bklyn-Manhat 6s. Buff R. & Pitt 4%s Canad North 614s. Canada North 7s. . nada Pac deb 4s 3 r Clinch & O 5s. ar Clinch & O 6 cntral Pacific 4s. Ches & O cv 4%s. . ghes &0 gn 43% es & Ohio eV Chi & Alton 3s. Chi & Alton 3145 Chi B&Q 1st rf bs. Chi& E1gn 5s l‘hl(‘ndl West 4s. « Puget Sd 4s. 41 Pds'25 94 1 & W Ind cn 4s. & St L 5s (‘1. ve Term 5s. . Colo & Sou 4%, .. Cuba R R b8 CubaRR Tis. . Den & Rio G en 4 D & Rio G imp 9|'4 xoz 824 96% Erie 1st cons 4s. Erie conv 4s A. Erie conv 4s B. Erie conv 4s I Erie (Pa) clt tr4s. Gr Trunk sf db 6s. Grand Trunk Gr. North ge Gr North gen Ts Green B & W db l! Hud & Man ref 5s. Hud & Man aj 5s 1l Central ret | 11l Cent ref 11l Central Int Rap Tran5s. . Int Rap Tr 5s stpd. Int Rap Tran 6s Int Rap Tran 7 94k | 107% 17 b 11% 8% Manhat Ry cn 4s. . Market St Ry 7s. . I Ry & L bs MK & T Ist 4s.. MK&T4sB... MK &T adj 55. . \n\&-rprln..e. Mo Pacitic 6 N O Tex & M NO Tex & M 5z NY Cengen 33 N 'Y Centdeb 4 NYCentriss.. N Y Cent deb fs. NYC&StLdbds. NYChi&StL5 New Havnd 4s'57. NewHaven cd 6s.. New Haven Norfolk & W cn 48 Norfolk & W cv 6s Northern Pac 3; Northern Pac 4s. Ore Sht Lcn 55 °46. h1st rf 4s vl con 414s. . 3% 110% 109% 3% 8% 94 r-«nm)l gold Peoria & E inc 4s.. Pere Marq 1st 5s Reading gn 4%s.. 1 Rio G West 1st 4s. 16 Rio G West cl 4s.. 24 RIArk & L4ls.. 34 St L IM&S 4s°29... 34 St L IM&S R&G 45.197 StL&SFplisA. 26 StL&SFprinbs. 15 StL&SF5lsD.. 14 StL& S F adj 6s.. St L& SF inc 6s StLS W 1st 4s StLS W con 4s StP & KCShL 4%s. 26 StPUn Dep 5%s.. 10 Seab’d A Liref 4s.. Seab'd A Ladj 5s.. 63 Seab'd A L con 6s. 180 Sou Pagific 4s'29.. 26 Sou Pacificctlds.. 2 Sou Pacificref 4s.. 1 Southern Ry gn4s & Southern Ry 1st 53 10 Southern Ry 6sct. 7 Southern Ry 63s. 18 10 Third Aveadj 5s.. 75 Tol StL & W 4s... 10 Union Pac 1st4s.. 1 Union Pac 1st rf 4: 12 Union Pac 4s'27... 2 Union Pac 1st rf 55 Union Pacific cv 6s Virginia Ry st bs.. Wabash 1st 5s. . ‘Wabash 2d 5s. ‘Western Md 4s. .. Western Pacific 53 Wheel & L E cn 4s. Whel & LE rf 4%s Wisconsin Cent 4s. 101% s 103% 107% 54% 45 83% 93 86% 995 105% 104% 96% 100% 95% 64% 91 73 €9 81% 12 1 67 1 +81% CHICAGO GRAIN PRICES. CHICAGO, November 8.—With liberal new export buying said to be in prog- ress, wheat scored a decided fresh up- turn today, after a hesitant start. Ini- tial prices, which varied from unchanged to % lower, December 1.49% to 1.50 and May, 1.55 to 1.55%, were followed by a slight general sag and then by a rise that in some cases went nearly 2 cents above yesterday's finish. Corn and oats also advanced. After opening at % to 1 cent down, Decem- ber, 1.08% to 1.08%, corn made gains of about 1%. Oats started at % to % lower, December, 51 to 51%, dropped a little further, and then ascended. Higher quotations on hogs and grain lifted provisions despite heavy selling of May lard by packers. DAIRY PRODUCTS. BALTIMORE, Md., November 8 (Spe- cial).—Live poultry—Spring chickens, 1b., 18a25; Leghorns, 18a22; old hens, 16a25; Leghorns, 16al7; old roosters, 14al15; ducks, 17a24; pigeons, pair, 25a30; guinea fowl, each, 40a80; young turkeys, 1b,, 35a42; old, 38a40. Eggs—Receipts, 472 cases; native and nearby firsts, free ‘cases, doz., of- fered. 60; bid, 55; quotation, 55. Butter—Creamery, good to fancy, 1b., 37a42; prints, 42a44; nearby creamery, 35a36; ladles, 30a32; store nacked, 23%a23; process butter, 33 Qe e L | high-grade 4 j which are not 105% | 99% | % 1034 | FINANCIAL COTTON QUOTATIONS GAIN ON U. S. REPORT Government Figures Held More Bullish Than Bearish in Both Markets. | B the Associnted Press NEW YORK, November §.—The Government cotton report today was 80 close to expectations that the mar- ket eased off about 25 to 30 points | following its publication. The mar- ket met with such heavy trade and Wall street buying that prices quick- | 1y advanced 80 to 90 points above the level. The market later reacted slightly, but held steady at about 3 to 40 points advance of last night close. New Orleans Values Jump. NEW ORLEANS, November §.— The local cotton market today drop- ped 35 points on publication of the government's forecast of a crop of [ 12,516,000 bales but upon reconsider- ation traders decided the figure was {not as bearish as at first believed |and there was a recovery points within a few minute cember contracts shot up to January to 23.45 LT RAIL SHARES GAIN 8 POINTS IN WEE 1Worry 0ver Radical Legisla- tion by Congress Ends and Wave of Buying Results. and (m the Assaciated Press ¥ YORK, November 8 — lupward movement |financial and com | flected Wall str. {result of the | Tuesday. The stock market was featured by an strong practically all odity markets re- proval of the election o which reached such proportions in the closing days of the week as to give the market its first two-million-sh day in more than two ye all the principal railr E tablished new peak prices year, the net gains on the ranging from 1 to § points in the ac- tive issues. Poolx Puxh Industrials. Buying of the industrials more selective chara that the advance enjoyed by those stocks in the few weeks preceding the election had discounted the Repub- can victory. However, agressive pool operations were noted a number {of issues, current earning are hizh and with prospe improvement. While a continuation of record- breaking carloadings and unusually | high current earnin ere importa actors in the demand for railroad shares, most market observers agr. that one of the main influences v | the widespread belief that the make- up of the next Congress precluded | the probability of any radical rail- road legislation and enabled the prin- |cipal systems to go ahead with their plans for consolidations development work and to give con- sideration to dividend increases and resumptions. which have been held up by the repeated attacks to which the carriers have been subjected by radical legislators Rail Demand Very Broad. The demand for the rails embraced | all classes of stocks, including such | dividerd payers as New York Central, Union ific, Southern Pacific and Atchison, as well as such low-priced issues as Texas and Pa- cific, Frisco common, St. Louis South- western and Wabash preferred yet in the the was of a ter on the theory class. Industrials developed several points | of weakness, particularl tor and chemical shares. Igood group strength was shown the merchand a number of specialties An unusually heavy demand for | sterling. which sent the rate up sev- However, by change market Swedish, Swiss currercies als high prices for the Dutch and sold at mew ear. GRAIN AND PROVISIONS. BALTIMORE., Md., November § (Spe- cial).—Potatoes, white, 100 pounds, 90a1.25; barrel, 1.25a1.50; sweet pota- toes, barrel, 1.50a4.25; vams, barrel, 3.50a4.00: beans, bushel, beets, 100, 4.00a5.00; cabbage, 100, 3.00a5.00; brussels sprouts, quart, 1sa 20; carrots, 3.00a5.00; celery, crate, 1.50a3 broccoli and kale, bushel, 35a45: cucumbers, basket. 4.00a5.00: eggplants, crate, 4.00a5.00; lettuce, bushel, 50a1.00; onions, 100 pounds. 75a1.75; peppers, basket, 75al.10; spinach, basket, 30a40; bushel, 30a6! pumpkins, 100, 5.00a20.00; tomatoes. basket, 75a1.50: parsnips, basket, 50a 60; oysterplants, 100, 6.00a7.00; turnip: savoy cabbage, bushel, 50a$3; bushel, 70a75. . __Apples, bushel, 2.50a7.00; bushel, 75a2.00; cranberries, box, 4.50a6.50; grapes, basket, 15a19; grapefruit, box, 2.75a3.50; oranges, box, 3.50a5.0 pears, basket, 15a25; bushel, 1.25a3. quinces, bushel, 75a1.00. Selling Prices at Noon. Wheat—No. 2 red Winter, 1.6115; No. 2 red Winter, gar }gg,u’,, No. 3 red Winter, garlicky Skles—Bag lot of nearby delivered al 52, Corn—Cob, new yellow, barrel for deferred delivery; track corn, yellow, No. 2, 1.24 and 1.25 No. 2, mew, 58 and 59 per s 3,57% and 58. Rye—Nearby, 1.10al.20; No. 3 rye, spot, 1.36: Hay—Receipts, 81 tons. The bulk of hay requirements here is being received by motor trucks from near- by points, which cau a quiet market at the regular railroad fer- minal sheds. Market 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, 17.00a 18.00; No. 1 light clover, mixed, 18.50a 19.00; No. 1 clover, mixed, 17 18.00; No. 2 clover, mixed, 15.00a 16.00. Straw—No. 13.00; No. 1 rye, 1 STERLING EXCHANGE AT NEW PEAK PRICE By the Associated Press. NEW YORK, November 8 —Heavy buying of sterling early today pushed the demang rate 1% cents to a new peak price for the year at $4.59% the highest level reached sthce July 1923, Factors contributing to the up- ward swing in Buropean currencies, which also embraced Swedish, Nor- wegian, Dutch and Spanish ex- changes, were said to be the return of British capital to London and the anticipated remittance of the pro- ceeds of various American loans to Burope. In sympathy with the rise in ster- ling, United Kingdom 5l%s of 1929, advanced % of a point, touching 113%, a new high for the year. 5.00 per 1 wheat, new, 12.00a 0a14.00. of 100} De- | enormous demand for railroad shares, | 5 rly and other | sing issues, coppers and | eral cents to a new high for the year | above $4.58, featured the foreign ex- | 2.5024.00; | is steady for | 0a | BANKERS PUBLICITY GLUB FORMED HERE Advantages Pertinent to Fi- nancial Advertisers Contemplated. DY CHAS. P. SHAEFFER. A local bankers' publicity {which promises to have a far-reac ing and beneficial cffect on bank advertising, has reached a tative formation, it was learned th morning. ot’ H. Thomson, pub licity manager of the Washington Loan and Trust Company, has been clected temporary chairman of the » club is the ontgrowth of the Advertisers Association convention held in Pichmond last month, at which time a plan was for- mulated for a monthly luncheon of the men responsible for the adver tising of new activities of | District bank ady one lucheor has bLeen held, while the schedul calls for subsequent luncheons at the City Club on the Thy 5 the tenth day of each by the new imination of r consideration of co-operative iny andonment of unprc regulation of de ods cost ; ad nd tior dvertisin | of ideas, ete. It is the hope of Mr. body become part of the Ic To this end a co pointed to draft | pertinent to budge Thom eventuail bankers’ 4 course of proced zed successful ad- bankers' associz recd x which the tion will be asked t Practically half t ington supported the meeting. idea at the initia Money in Circulation. in was $4,57 Money in on November 1 . or $43.12 per c mated population of 1 ed or $4 tion October 1 tock of money in the U 3 October 1. Gold in the United St - date totaled $4,333,646.- rted by the Treasury De- Trading on Local Exchange. Stock ¢ | type Corporat ord for the enthaler Lino- scored a new hig r on the Washing Stock Exchange today when 65 sold upward to 166%. Tk previous mark was 165%%, reach- esterday ital Traction stock made a ne present me re stock total | in two for heav Other ac Un t , a strong p: mmitments e issues were unchanged sted Securities Pric The following prices for u quoted for the these issues atest b curities ara guidance of holders of RONDS, Arms and Nace s |G | STOCKS. Aracostia_ Rank . | Ranking Trust & Mortgage 7 dividend | in_the mo- | SALES Capital Traction s—$300 at 953, $1,000 at 55—$500 at 90, ,.m Traction Co.—1 at AFT! Capital Traction C 9 Mergenthaler Linotype—5 at 166, 30_at 166 Washington Rwy. & Elec. 45—$300 at ergenthaler Linotype—i0 at 166%s, 10 at Gshington Gas Light—100 at 51%, 100 a BONDS. Bid and Asked Prices. PUBLIC UTILITY. | Bid American Tel. & Telza, ds..... 97ig | American Tel. & Telga 1060 Am. Tel. & Tel. ctl_tr. Daeng Am. Tel. & Tel. co Anacostia & Potom acostia_& Potom: & P. Telephone & C. & P Telephone of ¥ Capital Traction R. R Cits & Suburban Geargetown Gas 1st Metropolitan K. ¥ Potomac Elec. st Potomac Elec. cons Potomac b. ¢ stomac Elec. fis 1 ot. Elec. Pow. g m. & ref. Pot_ Joint Stk. Ld. Bk_ 5s. Wash.. Alex. & Mt. Ver L Alex. & Mt Ver Balt. & nington Washington Asked i MISCELLANEOUS, C. Paper Mfg. 6s ity 5 dman Park Hotel s STOCKS. PUBLIC UTILITY. Amer. Tel & Telsa | S Rwy | Ry, & Ble Terminal Taxi com. NATIONAL BAN onal Capital. Liberty | Lincoln National Riggs_ - Second National Bank of Washingto, TRUST COMPA: American Security & Trust. Continental Trust mu'mbém-h[ Union Trus! h. Loan & Trust. American s Natlonal Un Real Estate Title. ... MISCELLA Merchants' Transfer & Storage. 115 Mergenthaler Linotype ] t. Mtge. & Invest. pfd. d Dutch Market com.. Old Duteh Market pfd. Lanston Monotype urity _Stor: hington Marke! Yellow Cal