Evening Star Newspaper, November 18, 1924, Page 28

28 .* WIDSTOCKRSE CONTHUEDTODAY Trading Very Heavy Over} Broad List—Many New ‘ High Marks. | ! BY STUART P. WES Special Dispateh to The Star { NEW YORK, November 1R—The | upward movement on the Stock~Fx- | change gained fresh momentum today | under (he lead of the railway shares, | which were in excited demand at top figures. The revival of the rails swept high-grade dividend-paying stocks as well, In| many ins to the highest level | reuched in ceveral years. The galr amounted to two, three and even more points. A broad list of industrlal | ocks at the same time were bid up sharply, and speculative syndicates were oncouraged to resume operations | in stocks of the specialty type. Many | stocks which had hung fire under the! ad of profit-taking the past two days went ahead briskly again. i Southern at New Top. Southern Railway common at 75, | where it wa polnts above its previous high ouri_Pacific pre- ferred abo *w York Central 119, an Francisco at | 2w top figure, around 53; Baltimore | a4 Ohio above 70, for thefirst time \is year, and Rock Island, New Ha- ven and Texas cific back to thelr provious high points were some of the main features in the railway are movements. Still another was the advance of 1% to 3 points in the Northwestern group—Great Northern referred, Chicago Northwestern, Northern Pacific and the St. Paul pre- forred. The ~Stre buying in the | non- | and ! | 1 was alrcady uchanngl the possibility of the dividends on the first. three ed of these stocks be- ing restored ultimately as the result of the new-found prosperity in the | sricultural regions. It was also contending that under present condi- i‘ons the St. Paul should be regarded ags practicaily out of the woods. Specialties Pushed Up. I the industrial section the field was abandoned to stocks of the sp ialty sype. where there were lively! 2dvances all along the line. | Among the epecialty features were | Mack Trucks, U. S. Distributing, Inter- national Business Machine, Kinney, As- sociated Dry Goo American Ice, in which some urgent short covering took | ace; Sears Roebuck, Montgomery Ward, age Arms and Radio Cor- | poration, which had another big jump | o7 reports that the company would be | nvolved in a merger. H The sharp advance in Davi: o, -1 eal followed the denfal by th i the comp: reports that new financing was being contemplated | Much Dividend Talk. Another top for Assoclated Dry Goods sthened the belief that at the next dividend meeting the present stock would be split up on 2 two-for- one basis and a higher disbursement 10 sharcholders declared. It is ex- pected that the dividend on the new | stock wiil be either $4 or $5 a year, which would be the cquivalent of $8 or $10 on the old. Asoctated Dry| Goods’ busines: t this season is the largest of the 12 months. An extra dividend of §1 anticipated the Texas phur director: meeting rnings full, warrant such dis- bursement. Some attention was paid, also, to the stutement of the company’s president, that the sell- ing prices of sulphur had long been w00 low and that the many uses to ‘which sulphur {s being put have In- creased and broadened the demand. ! 88 Qa0 Jad 1 03 23B1 SU} U} O8BIID -Ul Uy CUONO® DUIDIAID OlqBIOATS | 403 Surl Up s® pouopuUSW SEM YoM HO01S JoyrouT seA SsesdXy SWEPY against the present 6 per cent, is looked for. An extra distribution to| Wrigley shareholders late in Decem- ber also was talked The latter regarded as behind other “good will’ and merchandising issues. MARKET CLOSES STRONG. to §2 is! Gulf Sul- thls week. By the Associate NEW YORK, November 18.—Spirit- ~d bidding for stocks in today’s mar- ket carried more than 70 issues to new peak prices for the year, the largest number recorded fn any one jon since the curtent upswing started. Al rated in the advance with the rail hich contributed more than a score | sw highs, making one of the best showings. United States Steel com- mon sold a the highest price since 1919. Sales approximated 2,300, 000 shar The closing was strong Vigorous Bull demonstrations characterized | Bklyn M Chi ChiMil&SPp: Chi & Nwn (4) {ChiRI& Pac. .. FINANCIAL." N THE EVENING STAR, WASHINGTON,. NEW YdRK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. 8914 1% 4% Adams Exp (6).. Adv Rumle = Ad Rumly pf (3). Air Reduct (15). Ajax Rubber. Allied Chem (4). Allied Cm pf (7). Allis Chalm (4). Am Agricul Chm AmAg Chm pt.. Am Beet Sug (4). Am Beet S pf (6) Am Bosch Am Brk Shoe (5) Am Can (16).... AmCar & F (12) Am Chain A (2). Am Chicle. ..... Am Drug Snyd. . Am Express (6). Am & F P 25%(7; AmFPfpt (D). Am Hide & Lea. Am Hide & L. pf. AmIce (7)...... Am Ice pf (8). Am Internatl... Am LaFrance (1) Am Linseed. ..., Am Locomo (6). | Am Loco pt (7). Am Metal (3)... Am Piano Co pi. Am Radlator (4) Am Ry Exp (6).. Am Saf R (50c). Am Ship & Com. Am Sm & Ref (5) Am Snufr (12) Am St Fdys ( Am Sugar.. Am Sugar pf (7). Am Sumatra pf.. AmT & Tel (9). Am Tobac (14).. Am Tob B (14).. Am Tobac pt (6). Am Water Wks. Am Whol pf (7). Am Woolen. . Am Wool pfa (7) Am Writ Pap pf Am Zine. Am Zinc pf. Anaconda. Armour Del Arn Cons & Co... Asso Dry G (5).. Asso D G 1st (5). Asso DG 2d Asso Oil (1% AtT& S Fe AT&SFpt (3). | A0 BIrm & At... { Atl Coast L (i8). AtGulf& WI... At Gulf & W Ip? Atlantic Refining Atlan Ref pt (7) Atlas Tack. . Austin-Nichola Baldwin L (7) Bal & Ohio (5).. Bal & Oh pt (4). Bang & Ar pf (7) Barnsdall A..... Beechnut (3)... Bethlehem Steel Beth Stl pf (8). . Booth Fisheries. BKk] Edlson (8).. Brk-Man Tran.. bt (6 Brklyn Un G () Brown Shoe (4). Brown Sh pf (7). Brunswick Term Burns Bro (10).. Burns Br B (2) Burns Br pf (7). Burns pr pf (7) Burroughs (4).. Butte Cop (50¢). tte&Superior. Caddo Central. . Cal Packing (8) Cal Pete (1%).. Callahan Zinc. .. Can Pacific (10). Case Thresh pt Cent Leather... Cent Leather pf. CRRNJ (112).. Cero d Pasco (4) Certain-Teed. .. Chand Mot (3).. Ches & Ohfo (4). Ches & O pf (615) Chicago & Alton *hic & Alton pf. Chic & East 1., Chi & ETN pt... Chic Gr West... Chic Gr West pf. a1l & StP. .. CRI&PDpt(6). ICRI&PPL(D. ChiStPM&O.. Eress. i Chi Yellow C (4) 55 Chile Cop (2 Chino Coppei Cluet Pea pf (7). Coca- Colo Fuel & Iron Colo Southern. .. sses of stocks partici- | Golo Sou 1st (4) - Col Carbuw Com In Tx (53¢). Com Solv A (4).. Com Soly B.. Congol-Nairn(3) Conley Tin Foil. | Consol Cigar he last hour's trading, when the best | Consol Gas (3). - wrices of the day were recorded. The | Consol Texstile.. Maxwell Motor issues each extended/ContCan (4).... their galns to 5 potnts, while scores of other 1d 2 to & points above sesterday’s closing quotations. Cont Can pf Cont Insur (8) Cont Mot (80c).. Corn Prod (2)... Cosden Co. Crucible Stl (4). Markets at a Glance | Crucibie pe (0. EW YORK—Stocks strong; over 70 new records include rafls. Bonds steady; Federal Light 7s rally 413 points. Forelgn cxchanges firm; sterl- ing gains a cent. Cotton higher; strong spot markets. Sugar easier; commis- #lon house selling. Coftee strong; bullish Braziifan crop advices. CHICAGO—Wheat irrezular: partially sympathy corn, light country offerings. Hogs lower: heavy rallied Corn strong; Cattle steady. ceipts. FOREIGN EXCHANGE. (Quotaticcs furnished by W. B. Hibbs & Co.) Nomizal Selliog checks &old valuc. todey. 848885 $4.61% 100 ark Rome.' lira Zarieh, franc... 3 peseta Yienna. crown Rudapest, crow Prague, crown Warsaw, zloty n, crown Christlania, Stockhelm, crown. crown By the Associated Press. EW YORK, November 18.—Foreign changes firm. Quotation (in United States dollars): Great Britain, demand, 4.633%; 60-day bills on 4.60%. demand, cables, Italy, de- .0432; cable: Belgium, cemand, .0481; ca 0481%. Ger- wmany, demand, .2381. Holland, de- mand, .4009.° Norway, demand, .1477. sweden, demand. .2684. Denmark, d mnand, .1756. Switzerland, demand, .1926. Spain, demand, .1361. Greece, Gemand, .0i781. Poland, demand, .193. Czechoslovakia, demand, .0298%. Jugoslavia, demand, .0145%. Austria, demand, .000014%. Rumania, demand, .0053%¢." Argentina, demand, .3775. Prazil, demand, .1175. Tokio, demand, .38%. Montreal, 1.00. PARIS MARKET FIRM. PARIS, November 18.—Prices were firm on the Bourse today. Three per cent rentes, 49 francs 60 centimes. Exchange on London, 88 francs 2 centimes. Five per cent loan, 60 france 50 centimes. quoted at 19 francs 5 centimes. Cub Am Sug - Cuban Cane Sug. Cub Cane Su pf.. Cuba Dominican Cuyamet Fr (43 Dantel Boone. Davison Chem.. {Deere pt (8). { Del & Hnd (9 |Del L& W (6) Detroit Ed (8). .. Dome Mines (2). Doug Peciin (1). DulSS & Atlan. Du Pont (8)..... DuPont deb (6) . Eastman (17%). Elk Horn. ... .. Eaton Axle..... El Stor Bat (4).. Emmerson B pf. End-John (5). Endicott pf (7). Erfo..... . Erie 1st pt. Erle 2d pf. Fairbks (2.60) Famous Pl (8) Famous pf (8).. Fed Lt & Tract. . Fed Mines pt (7) Fisher Bdy (10). Fish Bd O pt (8). Fisk Rubber. ... Fish Rubber Di Fleischman 13% Foundation (6).. Freeport-Texas. Gardner Moter. . Gen Am Tnk (3). Gen Asphalt.... Gen Asph pf (5). Gen Baking (6). Gen Cigar (8). .. Gen BElectric (8). Gen El spl (60c). Gen Motors (5).. Gen Mot pt (6).. Gen Mot pf (7). Gen Petrol (2) Gen Refrac (2. Gimbel Bros. Gimbel Br pf (1) Ginter Co (The). Glidden Co Gold Dust.. Goodrich....... Goodrich pf (7). Goodyear pf.... Gdyear prior (§) Granby Consol. . Gray & Davis. .. Grt North pf (5). Grt Nor Ore (3). The dollar Was|Grt Wstn Su (8). High. Tow. 93 891y 1% 46 Open. Gt West Spf () 1117 Greene Canan... 15% Guantanamo.... 6 Gulf Mo & Nor.. 21% Gu Mo & N pf (5) 81 Gulf St Steel (5). 775 Hartman Co (4). Hayes Wheel (3) Homestake (17). Household P (3). Houston OIl. Hudwon Man Hud Manpr..... Hudson Mot (3). Hupp Motor (1). Hydraulic Stee Tilinols Cent (7). 111 Cent of (6). 1llinois Cent rts. Independ Oil (1) Indianoma. ..... Indian Motorey« Indian Refining. Ingersoll R (8).. Inland St1 (214) Inspiration Cop. Interb Rap Tr. Internat Ag (n). Internat Ag pf Int Bus Mac (3). Int Cement (4).. Int Com Eng ¢ Internat Har (5) Inter Har pf (7). Int Mer Marine.. Int Mer Mar pt. . Internat Nicke Internat Paper. . Int Ry Cent Ani. Inter Shoe (4)... Int Tel & Tel (6) Invincible Ofl... Jewel Teapf.... Jones Bros Tea. . Jordon Mot (3).. Kan City South. Kan C So pt (4). Kayser (Jullus) Kelly-Sprgfield. Kelly Sprag 1st. elsey WhI (6). Kennecott (3).. Keystone T & k. Kinney G It. Kresge S S (8) Kresge Dep St. Laclede Gas (8) . Lehigh Val (33:) Lig & Myrs (3).. Lima Loco (4)... Loews Inc (2)... Loft. z Loose-Wiles Bis. Lorrillard (3)... Louts & Nash (6) Ludlum (2)..... McCrory B. . MeclIntyre (i5¢).. Mackay (7)..... Mackay pf (4). .. Mack Trucks (8) Mack Trk 1st pd. Mack T 1st (7). Mack Trk 2d (7) Magma Copper. . Malltnson & Co. Manati (5)... Man ElSup (4).. Man El md gt(4) AMan El gtd (5) .. Manhat Shirt (3) Maracaibo O1l... Market Street. .. Mariket St prior. Marland Ofl. .... Mathieson Alka. Maxwell Mot A.. Maxwell Mot B.. May Dept St (5). Metro Gold pf... Mex Seabd . Mtami Cop (2). .. 3Midind Prpf (8). inn & St Louis. tP&SSM (4) . M StP&SSM pt 4. Mis Kan & Tex.. Mis K & Tex pf.. Missourt Pacific. Missour] Pac pf. Mont Power (4). Montgom Ward. AMoon Mot (3) Mother Lode 7 Munsingwr (3) .. Nash Mot (+10).. Nash & Chat (7). Nat Acme. . i Nat Biscult (14). ut Cloak & Sut. at C1& S pt (1) Nat Dairy (3)... Nat Distillers pt. Nat Enamel & S. at Enam pf ( at Lead (8) Nat Supply (3 Nevada Copper. . N OT&M t23% N Y Afr Br (4) Y AirBrA (4) N Y Canners (2). ¥ Central (7). Y C & StL (6. NYC&StL pf (6). N Y Dock N Y Dock pf (3). NY NH & Hart T Ont & West. NY Steam pf(7). 110% 15% {5t Joseph La (2) Norf & W (18). North Am (2.40). North Am pf (3). North Pac (3) . Orpheum (13%).. Orpheum pf (8). Otis Elevat (4).. Otis Elev pf (6). OtisSteel....... Pactfic Gas (8) Pacific Mall..... Pacific Oil (2). Packard (11.50). Pan-Amer (4)... Pan-Amer B (4). Fark & Tilford.. Penn € & C (4) Pennsylvania (3] Penn Seab Steel. Peoples Gas (7). 110 Peoria & East... Pere Marq (4)... Pere Mar pf (3). Pere M prior (3). PhilaCo (4)..... Phila& RC&I. Fhila & R C&TI ct Phillip Morris. .. Phillips Pet (2). Plerce-Arrow Plerce-Arrow pf Pierce-A prior 8. Plerce Ofl....... Fierce Petrol.... Pitts Coal (4)... Pitts Ut pt (1.20) Pitts & West Va. Pitts & WVarts. P& W Va ot (6). Postum Cer (4).. Pross Steel Car. . Press Steel C pf. Prod & Refiners. Pub Ser NJ (4). Public Serv rts.. Fub S NJ pf (8). 109 Pullman Co (8). 138% Punta Al Su (5). (454 Pure Oil (1%)... [ 26 Pure Oil pf (8).. 100% Radio Corpof A. 45 Radlo Crp pf (7). 48 Ry 81 Spg (8)... 128 Ray Cons Cop. 15% Reading (4). 66 Reading rts. 21% Reading 1st ¢ 35% Read 2d pf (2)... 35% Remington Type 46 Replogle Steel.. 15% Rep Ir & Steel... 48% Reynolds Sp (). 134 Rey Tob B (3)... T64% Rey Tob pf (7). 120% Roy Dutch 4.42 45 33 50 5% 474 1% 2% 83 110 St LSan Fran... StLSan F pt (6) St L Southwest.. StLSwn pf (5).. Santa Cecelia Savage Arms Schulte (8) Seaboard Air L.. 21% Seabd AirLipf.. 34 Sears-Roebk (6) 132% Seneca Copper.. 14 Shattuck-Ariz 7 Shell Trad (2.06) 37% Shell Union (1). 20 Stmmons (1).... 85 Simmons pf (7). 101 101 101 Simms Pet (50c). 17% 18% 1T% . Low. Close, 110% 15% 575 2t4% 8% ki 8374 394 445 34% 2% 224 | 61% 29% 16% 114% 115 1% 125 430 pris 13 7044 61% .| were 33 5% 1% 5 65 12% 59% 11 1056% 8674 50% 80 28 62% 19 109 134% 45% 267 100% 43 49 128 15 66 21% 35% 20 85% 101 18% PRIGES IRREGULAR IN BOND MARKET High-Yielding Rails Extend | Gains—Much Profit Sell- ing Reported. Py the*Associated Pro NEW YORK, November 18.—High- yElding railroad bonds extended their Tecent gains in today's early trading, but prices of other issues moved within narrow and_irregular limite. New Haven and Denver and Rio ande llens eclipsed théir previous top prices, with Chicago and Eastern Nlinois, Frisco and Nickel Plate fs- siiés joining in a_moderate upward movement. New Yomk Central con- vertible fx reached a new 1924 high level, above 113, keeping pace with the rise in the company’s stock. Profit taking was evident in both high and low priced rall groups, af- fecting such issues as “Big Four” 51ss, Katy Adjustment 85 and Inter- national and Great Northern Adjust- ment 6s. Federal Light and Traction s were one of the most conspicuous features, jumping 4% points to 118%. Liberty bonds continued to work lower. U. S. LOANS ARE HEAVY., | BY GEORGE T. Special Dispatch to The Star. W YORK, November 18—Re- newed selling of United States Gov- |ernment loans, heaviness in high- |grade rafls and industrials and strength In speculative and semi- speculative bonds were the features of today's bond market. The selling of Libertys carried quotations down below anything re- icorded since the present movement began. Treasury 41s which less | than a month ago made u high record of 107.7, were quoted today practi- HUGHES. |4%s Libertys sold below 102 and the second 4% s below 101 Good Bonds Lower, was no real weakness in the savings bank mortgages. The mar- ket was simply incMned to sag, while good investment bonds, such as American Smelting and Refining 5s, substantially lower. The last named, for instance, which made a high record for all time at 9 10 days agd, was off nearly 2 points. This is simply an illustration of the shirting that is going on from invest- ment bonds to second-grade and speculative securiti both stocks s market had many po. of gth. Seuboard A!'r Line e prominent. Al the New Haven sues were strong again. St. Louts- u Fran tncomes ran up a point above Chicago and Eastern | Ilinots s were in demund above 7 York Central convertible 68 along with New York Central Denver and Rio Grande refund- ing 55 touched 50 for the first time this year. There was moderate improvement in the St. Paul group. M. K. and T. ad- went | Scuth Ry pf (3). | Sweets of Amer | Tennessee Copp¢ Justment. very uctive, but failed to Internatl, Good inquiry was reported for converti- ble oil bonds, Th were 110 importunt changes in the foreign list. The German w steady just below 95. | stnelatr 011, Sinclalr pf (8).. Skelly Oil. . | Sloss-Shetr (6 South Pac (6) Southern Ry (3). 734 8% Spicer Mfg. % Std Gas & EI St Oil Calif (2). StOUNJ (1) 5t O11 N J pt ( Stand P1 Gl (3) Sterling Prd (4). Stew Warner (3) Stromberg (8).. Studebaker (4).. Submarine Boat. Superlor Oil.. .. Superfor Stl (3). 29% o Texas Co (3). 42y Tex G Sulph (7). 837 Texas & Pacific. 41 Tex&PacC&0 104 Third Avenue... 131 Tide W 4. 129 ).. 3T Tobac Prod (6).. 67% Tobac Prod A (7) 91% Transcont Oil... 4% Transu & W (3). 29% Underwood (3).. 387% Un Bag & Paper. 39%; Union Ofl. .... 24c Union Oil Cal 35% Un Pacific (10).. 146% Un Pao pf (4) 7415 Un Tank Car (3) 123% Un Tk Car pf (7) 118% Utd Alloy Steel. 23 Utd Cigar (3%). 64 United Drug (6). 107'3 Utd Drug 18t 3% Ttd Fruit (10).. Utd Ry Invest. .. Utd Ry Invest pt U SCast Iron P.. USCIPpPL(D.. U S Distributing U S Distr pt (7) U S Hoftmann. U S 1nd Alcohol. U S Realty (8)... U S Realty pf (7) U S Rubber. . U SRub Ist (8) U S Smelting. U SSmtpf (2%). U S Steel (16%). U S Steel pt (7) Universal Pipe 17% Univer P pf (7) 57 Utah Copper (4). 81 Utah Securities. 36 Vanadium. . 2 Va-Caro Chem Va-Caro Ch pf. . Va-Caro Chem B Va Ry & Power. Wabash..... Wabash pf A Wabash pf B. Waldort (1%). Webber & H (1). West Pen pt (7). West Ele pf (7). West Maryland. West Md 3 pf. . Western Pacltic. West Pac pf (6). ‘West Union (7). West Air Br (6). Westinghouse (4 Wheel & L Brie, Wheel & L Epf* White Eagle (2) White Mot (4). ‘Wickwire Spenct ‘Wilson & Co. Wilson & Co p! Willys-Overlan Wwillys-Over pf. Woolworth (3).. Worthington. ... Worthgton A (7) Worthington B 6 Wright Aero (1) wrigley (8).... 115 1224% 4 1% 64 19% 54tk 37 9% 15 924 1134 12% 20 27 % 117% 101% 85 14% 25% 26% 69% 1% 5% 15% 8% 6413 1124 78 100% [ 14 26 267 69% 14 bl 16 81 674 112% 497% 49 49u 87 87 87 87 72 [+ S 1 12% 12% 127 445 44wy Yellow Cab (5).. 37% 39 37 38y Youngstown (). 64 64 64 64 rtl; Lra, Paysble in preferred stock. DAl S ant given in' e Sbove TahG 0 the annoal cash piyments based on the e Totberioe moted, exire ot moeciel o 3 are ot included. - - el tcally down $2 on the $100. The fourth | ipsues | D. O, TUESDAY, NOVEMBER '8, 1924 I | N NEW YORK BONDS STOCK EX‘CHANGE Received by Private Wire Direct to The Star Office. UNITED STATES BONDS, (Bales are in $1,000.) Sales. High. Tow. Close. Lib3%s...... 128 100«16 100-14 100-16 Lib1st 4%s 89 101+22 101-13 101-18 Lib 2d 4%s. ... 586 101e5 100-31 101-2 Lib3d 4%s.... 276 10115 101-9 101-11 Lib 4th 41(s.. 784 102 _ 101-26 101-30 US4%s1952. 192 105-17 1053 105-13 FOREIGN . High. Low. Close. 817 8174 817s 941, 91 94 102% 1021 102% 95% 9 99% Argentine 5 Argentine 6837 Argentine 7s. Austria 7s. Bank of Jaj 5 Belgium 6158w i. Belgium 7%s. . Belgium 8s. Berne 8s. Rollvia 8s. .. Bordeaux 6s Brazil 7s Brazil 7%s. Brazil 8s. Canada 55 1926. . Canada 65 1931, Canada 5s 195 Canada 5%s 192! Chile 75 1943 Chile 88 1926, Chile 8s 1941. Chile 8s 1946. Chinese Gov Ry bs Copenhagen 5%s. . Cuba 5%s = Czecho 881951.... Czecho 8s 1952 ct. Danish Munic 8s A, Denmark 6s...... Denmark 8s...... D E L5 %s Mch D E153%s Nov '63.153 Dutch East I 6547 42 Dutch East I 6562 48 El Salvador 8s 48. 3 Framerican 714s.. 14 French Govt 7%s. 50 French Govt 8 Germany s w 100% 101% % 1027 Holland-Amer 6s. Hungary 6% Japanese 4 Japanese 6% . Jergens U M 6s'47 Lyons 6s. . Marseille 6s. Montevideo Vetherlands 68 Netherlands 6s Norway 65 1943... Norway 6s 1944 Norway 6s 195: Norway 8s.. Orient Dev deb Pari Par{s Orleans 7s.. Porto Algere 8s Prague,7hs. . Quecnsland 6s. ... Rio de Jan s 1945. Rio Gr Do Sul §s.. Sao Paulo City §s. | 8ao Paulo State 85 ! Seine Dept of 7s. Serbs Cr'tes Slo $s. 0issons 68. ... .. weden 5 Swedcn 6 Swiss 5%s 194 | Swiss Conted | Tokio 8s. . | Ud Kingm 5 | Ud Kingm 514 1061 106 Truguay8s....... o 105 105 MISCELLANEOUS. Ajax Rubber 8 194 Am Agr Chem . 99 Am AgrChem 7348 9434 Am Chatn s f 6833 zl 99%% 104 100 114% 661 11 4 1133 94 99 941y o 91% 2 o1k, 911, : t&R 1st53. 32 96% 951, | Am Smit & R 65 105% 105% H 6 - 100 99% | 3 96% 9 10114 100% 103 923 497 Am T&T cl tr !AmT & Tdebd Am Water Wks ‘Am Writ Paper 6 Anaconda 1st 6s.. 99 ‘Anaconda cv db 78 33 101 jArmour & Co 41;s. 86 { Arinour of Del 5% & Assoclated Ol 63 Atlantic Refin 55 Barnsdallsf 8 Eell Tel Pa5s.. . Beth Steel pm §s. Beth Steel 1 5s. . . Beth Steel 513858 Beth Steel s Brier H St 1st 5 Bklyn Ed gen bs. . Bklyn Edison 78 D Bush T Bldg 58'60. €alif Pete 63s...... Central Leather b; Chile Copper §s... Col Gas & El5s..... Col Gas & El 55 sta 2 Commonwth Pés. | Con Coal Md 1st &s Consumers Pow 53 Cuba C: "5t Cuba Cuban-Am Sug 8s. Denver Gas 8s..... 11 Det Edison 55°40.. 6 Det Edison ref Donner Steel 7s... 13 Du Pont de N 744s. 22 Dugquesne Light 88 11 Est Cuba Sug 7's.. 51 Empire G&F 7%3. 10 Fisk Rubber Ss. Francls Sug 7 Gen Elec deb Goodrich 6% Goodyear 85 1 Goodyear 8s 1341 Hershey 65 194 Humble O&R 5 Tllinots Bell 1st bs. 14 Illinols Steel 4345, 1 Indiana Steel 5s... 10 int Mer Marine 6s.158 Inter Paper55'47. 3 KCP&Lt5sA’ KanG & El§s 1 Keyser (J) Ts Kelly-Spring Keystone Tele 58 Lackawa S 55 '50 Liggett & Myrs bs. Liggett & Myrs 7s. Lorillard (P) 58. Lorillard (P) 7s. Magma Cop cv 7s.. Manati Sus sf 7%= 11 Mar!and O117%s.. 18 Midvale Steelbsct 5 Montana Pow 5s.. 6 Mor's&Co 1st 4%s. 1 Nat Tube 15t 55 1 New Eng Tel 5s... 12 N Y Eden 1st 6%s. 41 NYG EL H&P 4s.. 17 N Y Tel 4%s. 16 N Y Tel 65’41 14 North Am Ed 6s.. 26 North Am Ed 6%s. 7 Nor Ohio T&L 65.. 17 Nor States Pow 5. 4 Nor States Pow 65. 2 Northwst B Tel 7s. 11 Otis Steel T%s. 8 Otis Steel 8s. 4 Pacific Gas & El 55 13 PacT & T st bs, Pacific T & T 5362 27 Pan-American 6s.. 3 Pan-Amer Pete 7s. 23 Phila Coref 6s A Phil & Rdg C&L5s 1 Plerce-Arrow 8s. Public Service 3s.. 2 Pub Serv Elec 6s.. 10 Punta,Alegre s 12 Sharon St1 H 8s... 10 Sinclair Oil 6%8s.. 16 Sinclair Oil 78 19 Sin Crude Oil 6s... 26 Sin Pipe Line5s... 17 South Bell Tel 5s.. 16 Southwest Bell 5s. 34 Steel & Tube 75 Tenn Elec Pow 6 Tide Wat O1l 6125, Toledo Edn 1st 7 Unlonbag &P 6s. 1 96% Unit Drugcvss... b 115% USRublstrfbs., 15 85% USRubber 7%4s.. 9 104% 104 U S Smelter 6s. 8 1014 101 USSteel sf6s.... 69 1047 104% 5 6 Sales. High. Utah Pow & Lt 6s. 9 Va-Car Chem 7s.. 123 Va-CarCh7%ssw 4 Vertientes Sug 7s. 2 Warner Sug 7s'39. 16 West Elec bs. 32 West'n Union 6%s Westinghouse Wickwire Spen 7s. Willys-Ov 614533 Wilson & Co 1st 63 55 Wilson & Cocv s. 3 Wilson&Ccv 71s. 12 Winchester A 7138 3 YoungstnS& T 6s 22 9215 68% 3% 9274 8% 99 111 108y 6 991 91 47 481, 102 95 RAILROADS. Ann Arbords... Atchison adj 4s Atchison gen 4s... 2 Atlantic C Licl 4s. . Atlantic C L 1st 43 B& Oprin3ys. alto & O 1st 55 ct &0 6s.. & & O PLEWV B& OSW div3ts. B & O Toledo U6 Bklyn-Manhat 6s. 420 Buff R. & Pitt 4%s 15 Canad North 615 Canada North 7s. Canada Pac deb Car Clinch & O 5s. Car Clinch & O 6s. Centof Gab%s Cent of Ga €. Central Pacific 4s. Ches & O cv 4% Ches & O gn 4338.. Ches & Ohio cv 53.407 Chi & Alton 3% Chi B&Q gn 43 '58. Chi B&Q 1st rf 5s. 16 Chi& EIgnbs... 183 Chi Great West 4s. 18 CM & Puget Sd 4s. 20 Chi M & St P 45°25 248 ChiM &St P4s’34 13 CM&StPdbds.. 20 Ci 37 CI 67 52 SuBmwn an ChiUn Sta 63s. Ch) & W Ind cn 4s. CCC&StLSs..... CCC&StLrtésA. Cleve Term 5s. . Cleve Term 514s. Colo & Sou 4%s. Cuba R R 5s. Den & Rio G cn 4s. D & Rio G imp 5s.. D&RG 1strfbs.. Erie 1st cons 4s. Erie gen 4s.. Erle conv 4s A. rie conv 4s D Erie con ext 7s.... Erie & Jersey 63 Gr Trunk sf db fs. Grand Trunk 7s... Great North 5s. ... Gr. North gen 535 GrNorth gen 7s... Green B& W db B. Havana ERL&P 65 Hud & Man ref bs. Hud & Man aj 68 111 Central 53%s. Int Rap Tran 5s. .. e Shaldue Rwaooatia~oa = = | Int Rap Tr &s stpd. Int Rap Tran 6s... Iut Rap Tran 7s... Int & G Nor 1st 6s. Kansas City Kansas City Lake Shore 4s°28,. Lake Shore 4s'31.. Lehigh Valen 4s.. Louts & N uni 4s Lonis & N 6s Lout Louis & Nash T Market St Ry 7 M & St L 1st ref 4s M StP & SSM 5 M StP & SSM 6 MK & T 1st 4s. MK&T4sB MK & adj 5s... 712 MK&TprinbsA 30 MK&TS6sC... 5 Mo Pacific gen 4s.. Mo Paclfic §s 1936. Mo Pacific 5365 Mo Pacific 6s Montrl Tm Nassau E Ry 4s°37 NewOr Term 4s... NOTcx&M3IsB. NO Tex & M5 Y Cengen 3lie.. Y Cent cn 4s'38. N Y Cent deb 4s. YCentribs.... Y Centdeb6s.. 711 NY Chi & St L5 40 YC&StL6sA. ew Havnd 4857, NewHavencd 6s.. New Haven 7s New Haven 78 fr. New York Ry rf 43 Y Ry rf 4sctfs.. N Y State Ry 418, 26 NYW & Bos 4338, 2 Norfolk & W cv 63 Northern Pac s Northern Pac 48. . Northern Pac5s D 26 Northern Pac ri6s 21 Ore & Calif 15t 3s. 6 Ore-Wash1stri4s 8 Pennsyl gen 432s.. 17 5 74 20 €3 30 t s, Pennsyl gen 58.... 37 Pennsyl 6% Pennsy Pere Mrq 1st 4 Pere Marq 1st 8s.. PCC&StLbsA. Reading gen 4s... Reading §n 4%s. . Rio G West 1st 4s. Rio G Westcl 4s.. RIArk&L4%s.. StL IM&S 4529 St L IM&S R&G 4 StL&SFplésA. StL&SFprinbs. StL&SF6%8D.. 25 St L& S F adj 6s.. 205 St L& SF inc 6s..248 StL&SFplés 15 StLSWcon4s’32 8 StP & KCShL 413 24 St P Un Dep 5% Seab'd AL 4s s Seab'd A Lref 4 Scab'd A Liad) bs.. Seab'd A L con 6s. Sou Paclfic 45°29.. Sou Pacific ctl 4 Sou Pacifio ret 4s.. Southern Ry gn 4s Southern Ry 1st bs Southern Ry 6s gt. Southern Ry 613s. ‘Third Ave ref 4s.. Third Aveadj bs. . Union Pac 1st 4s. . Union Pac 1st rf 4 Union Pac 45 °'27... Union Pacific cv 68 Virginia Ry st bs. Wabash 1st 5s.... Western Md 4s.... ‘Western Paclific 55 West Shore 1st 4s Wheel & LE cn 48, 10 Whel & L E rf 438 32 Wisconsin Cent 4s. 27 T TEN IO ) ‘WOOL SALES BRISK. BOSTON, November 1S (Special).— | having been retired the first of this Domestic wools sold briskly local raw wool market today, 6410 8415 895 86% 911y 9974 97% 1074 101% 821, 93t 102% 110% 109t 815 9814 101 95% 94t 83t %% 85 92% 843 72 86% 94 84 6% 102 86% 824 101% 4% 60 1% 851y 97 85% 89t T4% 101% 103% 107% 54 47 924 85 99y 1044 96% 100% 64% 907 83% 2% 6813 81 1% 851 « 97 85% 89 T4% 101% 103 1075 104% 961 100% 64la 074 2% 6815 81 in the with the better types of fleeces and terri- tory wools being held for higher prices. Fine Ohio fleeces are held for $1.60, clean basis, and territories for | iron $1.58 to §1.60. Speculative operations are appear- ing again, some dealers apparently|'their base price t being convinced that prices are going | differential rate of $1 high enough to give them a profit. ‘| NEW ORLI 4|cotton market opened slightly lower ' FINANC COTTON QUOTATIONS | ARE STRONGER TODAY Moderate Rallies Follow Yester- day’s Reaction in Price Movements. By the Associated Prosw. NEW YORK. November 15.—Reac- tions in the cotton market yesterday were followed by rallies in today’'s early dealinge. Liverpool made a steadier showing than apparently was expected v some of yesterdav's sellars, “‘hfla! there also was some bullish comment on the news from the loral goods market, and, after opening unchanged to % points higher, the market soon showed net gains of 23 to 27 points Lovering by some of vesterday's sellers and moderate trade buyving on| the advance carried January mmr-cul {up to 24.50 before the end of the first| half hour. Rumors of a private crop report estimating the crop at 12.- 510,000 bales were not definitely con- firmed, but probably helped the tone of the early market. New Orleans Pric November 18 The {on overnight realizing orders, but, as |promptly rallied. First trades were 3 to 8 points down, hut December {soon traded up to 24.28, January to the same figure and March to 24.54, or 15 to 21 points up from the opening and 8 to 12 points above yesterday's closing levels. GRAIN AND PROVISIONS. BALTIMORE, Md, November 18 (Special).—Fotatoes, new, 100 pounds, 90a1.25; barrel, 1.25a1.50, Sweet pota- toes, barrel, 1.5045.00. Yams, barrel, 3.50a4.00. Beans, bushel, 3.50a4.50. Beets, bushel, 40a50. Brusse quart, 10al5. Cabbage, 100, Savoy, bushel, 60a75. Carrots, 0. Cauliffower, crate, Celery, crate, bushel, 3.00a4.50. Eggpl a5.00. Lettuce, bushel, 50a1.00. Onions, 100 pounds, 75a1.90. Oysterplants, 100, 6.00a7.00. Parsnips, basket, 50a60. Peas, hamper, 3.00a4.50. Peppers, crate, 3.00 a4.50. Pumpkins, 100. 10.00a20.00. Spinach, basket, 3.5024.00; packing { @tock, bushel, 25a50. Squash, crate, 3.50 a4.00. ‘Tomatoes, basket, 50a2.00. Turnips, bushel, 75a85. Apples, packed, barrel, 2.50a7.00; | bush 22.00 ; loose, barrel, 1.50a3.00 ; bushel, 50a1.00. Cranberries, box, 5.00 a6.00. Grapes, basket, 1 fruit, box, 2.25a3.00. Orang: Pears, basket, 15a23; .25a3.25. Quinces, bushel, 0. Game, rabbits, nearby, dozen, 4.5026.50 ; southern, 3.50a5.00; all selections, fair to good, 2.00a4.00. & Prices at Noon. 0. 2 red Winter, red Winter, red Winter, spot, garlick garlicky, | per ery; yellow, 35.30 for November del . vellow, No. 2, 1.29. No. 2, new, 611 per bushel; 1.1021.20; No. & rye, Hay—Receipts, 84 tons. Demand is fair for top grades of timothy and i chofce light clover-mixed hay, with the percentage of such stock in the daily receipts small. Low grades of grassy and weedy timothy and heavy, , mixed hay are hard to move, at « discount Quotations today—No. 19.36229.30; No. & timot No. 1 light clove , 18.50219.00; . 1 clover, 0418.00; No. 2 clover, mixed, 15.00a16.00. i Straw—No. 1 13.00; No. 1 rve, 13.00a14.00. o CHICAGO LIVE STOCK MARKET CHICAGO, November 18 (United | tates Department of Agriculture). —Hogs—Rece!pts, 62,000 head; un- even; mostly 16a15 lower: desirable | grades, averaging 180 pounds and up, show less decline: underweight, 25 lower; heavy marketing: big! packers inactive: top, 9.50: bulk, bet- | ter 200 to 350 pound butchers, 8.90a | 40: 140 to 180 pound weight, largely | .10a8.65: bulk packing sows. 8.40a 8.30; majority strongwelght slaughter pigs, 6.50a7.00. Cattle—Receipts, 14,000 head: lower | grades fed steers predominating trade practically at standstill; good | to cholce yearlings and light steers in demand; choice vearlings held above | 112.00; comparable grade heavies, | above 10.30; bulk fed steers of value | |to sell at 9.25 downward; fresh sup- | Iply increased b holdover; | thin-flesh : 50 down- i ward; run includes about 2,000 ern grassers; little done on better grades fat cows neglected canners uneven: steady to unevenly | lower: mostly 265 downward to 2.50; choice veals scarce; fairly active, | around 8.30 to packers; medfum light | kind neglected. Sheep—Receipts, 16,000 head: lambs generally steady; strong; bulk natives erns, 2 ers, ! timothy. | 1 DIV'AXR.O‘),; | | | fat undertone and fed west- al14.50; few to city butch- culls, 11.50a12.00; no clip- pers sold; fat sheep, 23a50 higher; bulk ewes, 5.50a8.00; top, 8.50; feed- ing lambs firm: early sales, 14.00a late Monday 57-pound feeders, CHICAGO GRAIN PRICES. CHICAGO, November 18.—With lower quetations at Liverpool and Buenos Aires, the wheat market here showed a downward tendency today during the first part of the board of trade session Besides, the forelgn crop summary was reported as favorable. On the declines in price here, however. commission house buying became broader, and material rallles ensued. The opening, which ranged from 3% to 1% lower, Dccember 1525 to 1.52% and May 1.59% to 1.60, was followed by numerous fluctuations within limits of about 1% Although corn and oats showed sym- pathy with wheat weakness, the corn market later developed some strength. Sellers of corn were relatively scarce. After opening unchanged to % off, May 1.19 to 1193, the corn market under- went a moderate general sag and then rose all around to above vesterday's finish. Oats started at 13 to 3 lower, May 581§ to .68%, and later continued easy. Provisions were responsive to the firmness of the corn market. WHEAT— Open. High. Low. December 1 e 1.83% 1513 May 1.581y s FOEOE wd PEER R 2 & November . January .. POSTUM RETIRES STOCK. NEW YORK, November 18.—Direc- tors of the Postum Cereal Co. have authorized retirement of 10,000 shares of preferred stock on February 1, at $115 a share and accrued dividends. Less than 30.000 shares are now out- standing, a block of 10,000 shares month. PIG IRON ADVANCES. NEW YORK, November 18.-—Pig | prices in the Buffalo district have advanced $2 a ton in the last | international | production on IAL. BACK DIVIDEND PAID - BY FINANCE AGENCY Corporation Votes Disbursement Which Was Due in June, 1922, BY CHAS. P. SHAEFFER. Directors of the International F Corporation yesterday dec month dividend on all pr iesued and ontstanding as of J 1022, ¢t disbursed on December 1924. Thig action marks the first ret to stockholders in more than two years. The company is capitalized at $905 520 of class “A” 9 per cent preforred stock, $34,600 of class “B” § per cent preferred stock and a number of co mon shares of no ue. The stocl was disposed of in units of two of preferred and ¢ 1t was an op poration’s affairs thape two vears ago. Ernest E. Herrell was 3 2 @S the president's 4[Liverpnol was better than due, prices | ! " out of the: chaos. Dividends at that time were being paid w larity, and to the gre invested capital, t detriment of the Tarn in Company's Affairs. Mr. Herrell, upon taking office. promptly etopped all dividends and | devoted his time and the corporation | profits in liquidating accounts th beyond the ghadow of a doubt were c right losees. In the first vear of administration, it has become kno from intin sou with the exception of sands of dollars, was utilized in this way. Hundreds of thous of dol- lars were expended in giving the company a clean slate, and now Mr Herrell, with the major deficits wiped ©out and with a clear vision ahead has started to pay to stockholders cumulative dividends suspended dur ing his reign So successful has the corporatior functioned under its present head that the auditing company in charge of the books no'longer requires a serve to be carried against pe losses. Loans are being made extreme caution, 0 extreme, in that but two bad accounts, both o nominal amounte, have been opene in the last year. When liquidation o an account is resorted to it has ofts developed that recoveries liave hee made by the corporation, so close ! its estimate been. Management Conservative. “Yesterday's dividend action d not establish a precedent,” the co any officlals explafned this mor ‘We will never devote our entir: earnings to dividends as long as there is represented on our books a £i bad account. These accounts. &lad to say, have now portion where o profits can be his fact we are ached a pro a portion utilized in a |liqu!dation, enabling us, at the sane time, to make some return to « stockholders. We are proceeding c servatively, insuring t “ompany. The stock of the corporation since inception in June, 1920, has enjoved only a small turnover. It is not list ed, its transactions being practicall: limited to private sales with int mittent dealings by traders in u listed securities. During the cessation of dividend profits of the company have been suf ficient to enable the payment of divi- dends twice over had it been « ed int iife of « The first offic te of production of wheat in the Argen tine is 190,000,000 bushels, Commer clal Attache Freely at Buenos Aires today informed the Department of Commerce. The crop is estimated to be 000 bushels less than last vea y once before has en as low as this year's csti crop, the report suid. Trading on Loeal Board. Capital Traction stock cont be a strong factor on the Wa ton Stock Exchange. In toda sion 45 shares =old at 3 with the exception of the closing sale of = shares, hich was made a quarte; lawer. Unilon Trust Company was rong at 169 shingto: Gas Light at 52. shares of National Mortgage Invests preferred Bond Railw the and changed ha were firm a 4s brought efunding 6s of |chanzed hands at 955 DAIRY PRODUCTS. ORE, November 18 ve poultry—Young 18a25; Leghorn Leghorns, 16al voung turk : toms, 30; poor and crooked brea 25; ducks, 1 pigeons, pair, each, 40a80. Dressed poultry—Turkeys, pound 33a37; poor and crooked breasts, “o chickens, 24a26; old roosters, 16, ducks, 20a25; geese. Sggs—Receipts, 434 and nearby firsts offered 5 tions 57. EALT! 25a30; guinea fo Creamery, good prints, 42ai4; a36; ladles, 30a32 process butter, SHORT-TERM SECURITIES (Quotations furnisied by Redmond & Co ~—Noon.— Bla. oe Alamisom Co. of Ame 2% 10 Aluminum Co. of Ame; e American Sugar 6s 1 Aluminum Co. of Ame; ‘Anaconda Copper 6 Anglo-American 011 Associated Oil €s 160 Bell Tel. of Cavada Central of Georgla 6¢ Central Leatler 5 192 Chl., Mil_& St. Paul 6 - Pacific 5 & El. 15t s & ;e 1681, Federal Sugar Itef. s Fisher Body Corp. & Fisher Body Corp. Ga 1025 Goodyear T. & R. 3 Great Northern 7a 193/ Guit Ol Corp. of Pa Humble OIl 3is 1032 Iehigh Posw. Sec. Corp M. St.P. &S 5 M6 Morris_& Co. New York Centr Oregon Short Line 4s 1 Pennsylvania R. R. 75 193 Pure Ol 5%s, Avgust, Swift & Co. §s 1982 Tidewater Ofl 6158 1931, ‘ajon Tank 7s 1930, U. S. Rubber 7igs 1980 Weatern Union_ 613, Weatingbouse E. Wheeling Steel 6s 1 NEW YORK. Nov partment and mail or are beginning to experience (heir nual “holiday” boom. During next fortnight savings banks start disgorging millions of d. lodged in them during the “Christmas club” deposits DRY GOODS LOWER. IW YORK, November 18 (Sp “Trading In cotion goods today, with some declin quotations. Pyint cloths an eighth of & cent, the 64 by week, some interests having raised $22 a ton, with a ton on higher silicon grades. Inz quoted at 213 and the 65 I 103, Raw silke vancing b cents to 2 top price of §$6.45 for Japanese and 35.80 for Canto