Evening Star Newspaper, November 22, 1924, Page 12

FINANCIAL PARTIAL RECOVERY | AFTER EARLY DROP lleavy Profit Taking and Bear Selling Force Prices Downward. Associated Press. W YORK, November 22 ive profit taking, combined with con- certed bear selling, drove stock prices lower in today's early trading, but subsequent execution of buying or- ders awalting a reaction and renewed accumulation of minor shares brought about a partial recovery. Many leading issues yielded 1 to 2 points on the early wave of sellingy with U. S. Cast Iron Pipe breaking 4 points and Sears Roebuck 6. Prices steadied later as operations for the rise were resumed in special stocks. Rock Island rebounded to a new high level at 46% on buying credited to interests identified with the South- ern Pacific. Wilson & Co. preferred jumped 7 points on reported progress in the reorganjgation of the packing company, while Union Bag and Paper, United Cigar Stores and Pittsburgh and West Virginia mounted 3% to 4% points. The closing was steady. proximated 900,000 shares. LEADERS MARK TIME. Sales ap- 5 S R, Saturday Selling Considered Fairly ‘Well Absorbed. BY STUART P. WEST. Bpecial Dispatch to The Star. NEW YORK, November 22.—While the main body of stocks today were following a rahter uneven course, a sufficient number of individual moves among both rails and industrials were in progress on the upside to give the list a strong appearance. There was heavy selling in many directions for the purpose of realizing, but the market bore up well under this prot- it-taking. The recent industrial leaders of the type of United States Steel common were disposed to mark time and the Josses were inconsequential. The sharpest declines occurred in special- ties like Sears Roebuck, but these were not®surprising in view of the cqually sharp gains they had made during the past week or ten days. Railx Again Actual. Buying operation among certain c-priced rails carried Such stocks Rock Island, Pittsburgh and West Virginia, the St. Pauls and New Haven to their highest levels. Most of the olls either held steady or were Inclined upward. Tobacco Products was the feature of the tobacco group, while International Nickel. selling at & new high well above 21, featured the metal share: It was the heavy buying in several of the low-priced ralls which really | led the entire list upward in the sec- ond hour's trading. Rock Island, the §t. Pauls and New Haven were among the best performers in the rallway section. The Street continued to talk mbout prospective dividends &nd merger possibilities. Rock Inland Jump. The feature at the close was the great run-up in Rock Island above 49, which sct in motfon once more! all the old stories about the road being taken over by the Southern Pa- cific. The St. Pauls were very strong at the end, and the big pool reputed to be operating In International Nickel suddenly got busy with its £pecialty. The close was strong in the leaders of the list, but with prices | clsewhere rather varfable. 1o Markets ‘at a Glance NEW YORK.—Stocks steady, Rock Island leads rally in minor shares. Bonds Irregular, Wilson issues rally. | Foreign exchange firm; sterling and francs higher. Cotton steady; spot houses buying. Sugar higher; trade buying. Coffee firm, European and Brazilian support. MAKES $3,000,000 DURING ADVANCE IN STOCKS By the Associated Press. NEW YORK, November 22.—The sensational advance in prices has given rise to many rumors of “kill- ings” in the market by large opera- tors, but the actual facts are shroud- ed in secrecy. It is definitely known, however, that one large automobile manufacturer has a paper profit of nearly $3.000,- 000 in 40,000 shares of United States Cast Iron Plpe that he acquired at an average price around $60 a share. It =old at $147 a share last week, but was back around $135 yesterday on selling attributed to this man. While this line of stock was acquired months | ago, nearly half of the profit repre- sented has been registered since elec- tion day. — FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value, today. London, pound 5 Montreal, tion HEN o Rrussels, franc Xerlin, mark Xome, Zurlch, Athens, Madrid, YVienna, : Budapest, crown Prague, crown . Warsaw, zloty Copenhagen, cro Christiania,’ cros Stockholm, crown TBEASUBY CERTIFICATES. (Quotations furnished by Redmond & Co.) 15, Neptember 15, March 15, 1927. December ' 15, 1927. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 102 bt 4 1004, BasARIARNRI WA TR Aluminum Co. of Amer. 7o 1925 Alumisum Co. of Amer. Americau Sugar 6s American Tel. & Tel m 1925.. ‘Anaconda Copper Gs 1929...... merican Ol Tys 1025.. s 8t & Pacific nvs- o e et a1 i Cas a5 aeoviin Pont. Poterat suger Her. 65 6! Corp. 6s 1927. THE EVENING STAR, WASHINGTO FURTHER ACTIVE NEW YORK STOCK EXCHANGE Adv Rumiey. Air Reduct (15). Allled Chem (4). Allts Chalm (4). Allis Chim pt (7) Am Agricul Chm Am Ag Chm pf.. Am Beet Sug (n Am Bosch. Am Can (16) . Am Can pt (7). AmCar & F (12) AmC&F pf (7). Am Chain A (2). Am & F P 25%(75 AmFPfpt (7). Am Hide & Lea. Am Hide & L pf. Am Ice (7). Am Internatl Am LaFrance (1) Am Linseed pf. . Am Locomo (6). Am Metal (3)... Am Radlator (4) Am Saf R (50c). Am Sm & Ret (5; Am S& R pf (1) Am Stl Fdys (3). Am Sugar...... Am Sugar pf (7). Am Sumatra. .. Am T & Tel (9) Am Tobac (14) Am Tob B (14).. Am Water Wks. Am W W ptf (6). ). Am Wool ptfd (7) Am Zinc pf. . Anaconda...... Asso Dry G (5) Asso DG 2d (7). Asso Ol (1%).. At T & SFe (6). AT&SFpt(5). At1 Birm & At. Atl Coast L (18). AtGult & W Ipf Atlantic Refining Austin-Nichola... Baldwin L (7). Bal & Ohlo (5).. Bal & Oh pt (4). Bayuk Cigar.... Beechnut (13)... Bethlehem Steel Booth Fisheries. British Empire. . Bkl Edison (8) Brk-Man Tran®. Brklyn Un G () Brown Shoe (4). Burns Br B (2) Butte Cop (50¢). Butterick Co. Cal Packing (6). Cal Pete (1%).- Calif Pet pt (T) Callahan Zinc. Can Pacific (10). Case Threshing. Case Thresh pt Cent Leather Cent Leather pf. Century Rib (2). Cero d Pasco (4) Certain-Teed Chand Mot (3). Ches & Ohio (4. Chicago & Alton Chic & Alton pf. Chic & East 111 Chi & E Il pf Clide Gr West. Chic Gr West pf. {Chi Ml & St P. ChiMi & SPpf. Chi & Nwn (4)... ChiR I & Pac CRI&Ppt (6). CRI&Ppt (7). ChiStPM&O.. Chi Yellow C (4) Chite Cop (2%)4- Cleve & Pit (3%) Clustt Peab (5). 1o (7 Colo Fuel & Tron Colo Southern. .. Colo Sou 1st (4). Com Solv A (4) Com Solv B. . Congol-Nairn(3) Consol Cigar. . .- Con Cigar pf (1) Consol Gas (5).. Consol Textile. Cont Can (4). Cont Can pt (1) Cont Mot (80c) Corn Prod (2)... Corn Prod pf (7) Cosden Co Crucible St 3 Cub Am Sug (3). Cuban Canc Sug. Cub Cane Su pf.. Cuba Dominican Cushmans (3). .. Cuyamei Fr (4). Daniel Boone. .. Davison Chem. . Del & Hud (9).- DelL& W (6).. Detroit Ed (8). Doug Pectin (). Dul SS & Atl pf. Dome Mines (2). Du Pont (8)..... Eastman (17%),. Emmerson B pf. End-John (5)... rie. . .. Erie 1t pf . Exchange Bf (2). Fairbks (2.60).. Famous Pl (8).. Famous pf (8). Fed Mines pt (1) Fid Phoenix (6) . Fisher Bdy (10). Fisk Rubber. Fish Rubber pf.. Fleischman 13% Foundation (6).. Freeport-Texas. Gen ATC Pt (T)... Gen Asphalt, Gen Asph Dt ( Gen cuu ®). Gen Electric (8). Gen El spl (Glgfl)% en Motors . G Mot db (6). Gen Mot pf (7)) Gen Petrol (2)... Gimbel Bro Ginter Co (T Glidden Co.. Gold Dust Goodrich.. .. Goodrich pf (7). Goodyear pf.... Gdyear prior (8) Gray & Davis. Grt North pt (5)« Grt Nor Ore (3). Grt Wstn Su (8). Gt West Spt (1) Greene Canan. .. Gulf Mo & Nor. . Gulf St Steel (5). Hartman Co (4). Bayes Wheel (3) Homestake (7). Household P (3). Houston Ofl. ... Hudson Man Hudson Mot ( Hupp Motor (1). Hydraulic Steel. Tliinois Cent (7). Illinois Cent rts. 111 Cent pf (6). .. Independ Oil (1) Inland Stl (2%). Inspiration Cop. Interb Rap Tr. . High. Low. Close. 12% 1 I us bae (3. 109 Int Cement (4).. Int Com Eng (2) 58% 88% 100% | Internat Har (5) 108 102 “jor: 01 Int Mer Marine. . Int Mer Mar pf.. Internat Nickel. Int Ry Cent Am. 12% 43% M 1{‘;‘ Inter Shoe (4)... 115% 100 /101 Int Tel & Tel (6) Invincible Oil... Jewel 'l‘n Jones . .vordnn Mot (3)-- Kan City South. 85 15% 18% 16% 38% 31% Kelly-Sprgfield. Kennecott (3).. Kinney GR.... Kresge Dep Str. Lee Rub & Tire. Lehigh Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lig & My pt (7). Lima Loco (4) Loews Ine (2) Eoft. 5500 Lorrillard (3)... Louis & Nash (8) Ludlum (2)..... Mack Trucks (6) Mack Trk 2d (7) Macy HR & Co.. Magma Copper. Mallinson & Co. Manatipf (7)... Man El Sup (4). Man El md gt(4) Manhat Shirt (3) Maracaibo OIl. .. Market St prior. Marland Oll...... Martin-Parry 4. Mathieson Alka. Maxwell Mot A. Maxwell Mot B.. May Dept St (5). Mex Seabd (2) Miami Cop (2) Middle States. Midlnd Pr pf (8). Minn & St Louis Mis Kan & Tex. . Mis K & Tex pt.. Missour Pacific. Missouri Pac pf. Montgom Ward. Moon Mot (3)... Mother Lode 76c. Mullins Body . Munsingwr (3). Nat Acme. .. at Biscuit (14). Nat Dalry (3)... t Dept Stores. at Dp St 1st (7) Nat Distillers pf. t Enamel & S. Nat Enam pf (7) Nat Lead (8). Nat Lead pf (7). Nat Ry Mex 1st Vat Ry Mex 2d. Nat Supply (3). vada CovDer NO T&M 123% . N Y Alr Br (4). NYAIrBra (4) N Y Canners (2). N Y Central (7). N Y C&StL (6). YC&SLL pf (6). NY NH & Hart.. N Y Ont & West. agara Falls P. Norfolk South.. Norf & W (18) North Am (2.40). North Pac (5) Orpheum (1 Otis Elevat (4). Otis Elev pt (6). Otis Steel. E Otis Steel pf. ... Pacific Gas (8).. Pacific Oil (2) Packard (1.50). Packard pf (7).. Pan-Amer (4) Pan-Amer B (4). Fark & Tilford. . Pennsylvania (3! Penn Seab Steel. Peoples Gas (8) Peoria & East. Pere Marq (4)... Fhila Co (4).. Phila & RC& 1. Phillip Morris Phillips Pet (2). Pierce-Arrow Pierce-Arrow p! Pierce-A prior 8. Pierce Oil.. Fierce Petrol. Pitts Coal (4) Pitts Ut pf (1.20) Pitts Ut ctfs 1.20 Pitts & West Va. Pitts & WVa rts. P& W Va ot (6). Postum Cer (4).. Press Steel C pf. Prod & Refiners. Pub Ser NJ (4). Public Serv rts. Pullman Co (8). Punta Al Su (5). Pure Ol (13%) Fure Oil pf (8).. Radio Corp of A. g Ry St1Spg (8) Ray Cons Cop Reading (4) Reading rts Reading 1st (2). Read 2d pf (2) Robert Reis Robt Reis 1st pf. Remington Type Replogle Steel.. Rep Ir & Steel Reynolds Sp (1). Roy Dutch 4.4 Rutland pf Received by Private Wire Direct to The Star Office . High. Lm Close. 16 16 % 32 lm'fi un 19 22\. 22% 1% 1% 9% 9TH 3 26% 26% 69 67% 31% 20% 1% 69 45% 443 22 2% 8., U8 15% 15% 33% 33% 5% 54 72 7% 40% 40 37 8T% 97 97 46% 46 285 77 156 116% 116% 4% 4% 26 24 60 59% 14% 14 110% 109% 4T% 4T% b4% 5d% 3415 34 4 117% 116% 118 116 88% 881 316 30% 70% 694 264 8% 106% 106% 0% 9% 55% B5% 20% 99y 54% 53% 13% 13% 102 55t 54 26 1 114 21% 65 49% 49% 48% 47% 15 ™ 14% 37 36% 10% 10% 33% 80 1% 103's 103% 40 38%% 126% 126% St Joseph Ld (2) St LSan Fran. .. St LiSan F pt (6) St L Southwest.. StLSwn pf (5). Savage Arms... Schulte (8). Seaboard Air L. Seabd AirLipf.. Sears-Roebk (6) Seneca COpper. . Shell Union (1). Simmons (1). ... Simms Pet (50¢). Sinclair Ofl. ... Skelly O Sheft ( Sloss-Sht pt (1) South Pac (6)... Southern Ry (5). Std Gas & E1 (3). St Ofl Calif (2).. StONNJ (1).... StOlN T pf (1. Stand P1GI (3).. Stew Warner (5) Stromberg (8) .. Studebaker (4).. Submarine Boat. Superior Ofl..... Tennessee Coppt Texas Co (3). Tex G Sulph (7). Texas & Pacific. Tex & PacC &0 Trmken (13%). .. Tobac Prod (6). . Tobac Prod A (7) Transcont Oil... Underwood (3). . Un Pacific (10). UnPacpt (4)... Un Tk Car pf (1) Utd Alloy Steel. Utd Clgar (3%). Utd Ry Invest. .. Utd Ry Invest pf U S Cast Iron P.. U8 Distributing Realty (8)... Realty pt (7) Rubber..... Rub 1st (8) U S Smelting...... T SSmtpf (3%). U S Steel (16%). U SSteel pf (7). Utah Copper (4). Utah Securities. S 8 s s % | Vanadium v Raalte..... -Caro Chem. Va-Caro Ch pf.. Va Ry & Power. Wabash. . Wabash pf A. Wabash pf B..,. ‘Waldorf (1%). ‘Washburn pf (7) 'Webber & H (1). West Pen pt (7). ‘W Pa Pow pf (7) West land. Wast MA 2d pt... Western Pacific. 109 109% 109 23% 23% 22% 2197 36% 18% 91 91 91 101% 101% 101 T4% T4% T3% 38% 39 38% 61% 61% 61 87% 387% 374 118% l}g% 118% 9% 91% M 4 838% 38%\ 38% 48 47 47 35% 356% 147 147% 74 74 21% 20% S‘K 53% 18% ll% 18% 109 .109 109 14% 14% 14% 91 91 91 102 102 102 13% 18% 13% 22 22% 21% 2% 33% 33 38 | Although millions TRADING IN RAILS New French Loan Also Draws Attention to Foreign Bond Issues. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 22—Further active speculation in the rails, prin- cipally St. Paul and New Haven, re- adjustment in the forelgn groub un- der the influence of the new French loan and a slightly lower level for high-grade investment securities were the features of the bond market at the close of the week. Interest in New Loan. Of these the most interesting was the actiqn of the forelgn issues. The new French loan now scheduled for offering on Monday will run 25 years, carry a 7 per cent coupon and be priced at 94. This is approximately a 7% per cent basis and explains the Scin i dbct ina 1o 1ok sA VR EanCE) onis to a point where they yleld about the same. It also may have had some- thing to do with the falling back in the German 7s, which today sold at exactly the same price as the French 7s will be offered at. Both these bonds run for 25 years and are, in other respects, so similar that their future market course will form an interesting comparison. Incidentally, Australian s are sell- ing a point and more above the quo- tations for the other two issues in this group. \ Foreign G Trading in all the foreign bonds was very active. Sinking fund sup- port for the French 73s is operative at par, where the bonds sold today. French Citles 6s, howcver, without sinking fund support, sustained ad- ditional, but small, losses. United Kingdom 5%s of 1937 sold today at thelr best price. Buying in the St. Paul and New Haven bonds went on today at about the best prices of the movement. The St. Paul 4s of 1925, at 76, were up 4 points on the week and there were substantial, but smaller, gains in _the longer term issues. New Haven 7s at 97, which is a lit- tle below their best quot terday, were up 3% points week, while the franc 7s at 9614 up more than six points. All improvement can be ascribed to con- fidence in the success of the refund- ing operations which both roads con- front next year. Liberty Loans Quiet. High-grade railroad savings bank mortgages continued heavy. There was not much important change in United States Government loans, al- though the Treasury 4% were down This sagging tendency in high-grade bonds makes all the more remarkable the prompt sale this week of the $600,000 Delaware and Hudson re- funding 48 of 1943 on a 4.82 per cent basle. Along the same line, testi- mony to confidence in easy money s the marketing of $12,925,000 11li- nois Central 4% per cent equipments to yield about 4.68 per cent. The investment market is in good shape to absorh the French loan next week. This week's total was only a little over $50,000,000. i LOANS CAUSE SURPRISE. Brokers Astonished by Small Amount of Money Wanted. NEW YORK, November 22.—Fall- ure of brokerage loans to show a large increase, despite the heavy daily turnover in the stock ket. has been partly due, it was said, to the disposition of the public for the most part to finance its purchase of stocks through local banks. A large | amount of high-grade securities also | have been absorbed by banks, insti- tutions and private banking firms. of shares have been bought daily, the money bor. rowed from banks by brokers to sup- ply the needs of customers has been astonishingly small. Many brokers assert their loans are not much up Actly bull movement after election day. Railroad and Utility Concerns Make Fine Records. NEW YORK, November 22.—The | preliminary report of the St. Louls and San Francisco Railway for Octo- ber shows an increase of $948,000 in net operating income to $2,450,000 compared with the same month last vear. Gross earnings gained $725,- | 000 to .®,811,000( while surplus of about $1,258,000 after taxes and charged increased $1,047,000. Central Power and Light Co. of St. Louis continues to show increases in gross and net earnings., For the 12 months ended September 30 gross gained 22,83 per cent over the previous year to $4,105,242, while net increased about 25 per cent to $1,411,000. FREIGHT TRAFFIC UP, Special Dispatch to The Star. BALTIMORE, November 22.—Loads moved on the Seaboard Air Line Railroad during the first half of No- Vember show an increase over last year. The total for thé period was 88,999, compared with 83,796 for the same period in 1923. Total loads moved on the road ‘during ‘the second week in November amounted to 41,964, against 39,234 last year, a sub- stantial gain of 7 per cent. Traffic of the Baltimore and Ohio Rallroad for the first week in Novem- ber shows and increase, compared with the corresponding period last year. Total revenue freight loaded and received from connections for the period ended November 8 amount- ed to 69,066 cars, compared with 67,791 for the corresponding period in'1923. B — BOSTON STOCK MARKET. BOSTON, November 22.—Following is a list of today's highest, lowest ana closing prices for the most active stocks dealt in here: & Tel . Cloge. Am_ T 1288 u* Switt Taternat 80 80 80 115% 116% 115% 100 100 64% West Pac pf (6). 80 West Union (7). West Air Br (6). 100 Westinghouse (4 64 Wheel & L Erle. Wheel & LE pt. White Eagle (2) ‘White Mot (4).. Wickwlre Spence Wilson & Co.... Wilson & Co D wm Qverlan Over pf. wmlwoflh @).. Worthington. .. Wright Aero (1) Yellow Cab (5).. 37% {Partly extra, $Payabie in preferred stock. Dividens . the e e BT fafent "anarie ratiomey o q:?lu‘rwlu noted, ex&l or speciai larger than prior to the start of the| EARNINGS REPORTS GROW. | Received by Private Wire UNITED STATES BONDS, (Bales are in $1,000.) Sales. High. Tow. Close. 24 10018 10015 100-18 10 10128 101-22 101-28 21 1016 101-2 101-6 . 56 101-14 101-11 101-13 308 102-2 101-31 102-2 2 105-8 106-8 105-8 FOREIGN Sales. High. US4%s 1952, Low. Close. Argentine 6s. 81% 81% Argentine 68 Austria 7s.. Belgium 638 w . . Belgium 7%s. Belgium 8s. Bolivia 8 Bordeaux Brazil 7s. . Brazil 7%s. . Brazil 8s. Canada 6s1926. Canada 55 1931. Canada 5s 1952 Canada 6%s 1929 Chile 8s 1926. Chile 75 1943. Chile 851941..... Chinese Gov Ry bs Con Pow Japan 7s. Copenhagen b%s Cuba 5%s Czecho 88 1951. Czecho 8s 1952 ct Danish Munic 8s B Denmark 6s. Denmark 8s D EI56%s Mcl DEI5%s Nov'53. Dutch East I 6847 Dutch East I 6562 25 Finland s f 651946 1 Framerican 7%s.. 2 French Govt T%s. 131 French Govt 8s... 87 Germany Ts w i .. 232 Hungary 6%s. Japanese 45 Japanese 6%s. Jerkens U M 6547 Lyons 6s. . Marseille 6s. Mexico 58 assented Netherlands 6s'54 Netherlands 6s ‘72 Norway 65 1943... Norway 6s 1944 Norway 8s... Orient Dev deb 6s. Paris-Ly's-Med 65 Paris-Ly's-Med 7s Paris Orleans 7s Porto Algere 8s. Prague,7%s. Queensland 6s. . Rio de Jan 8s 1946. Rio de Jan 8s 1947, Sao Paulo City §s. Sao Paulo State §3 Seine Dept of 7s. . Serbs Cr'tes Slo 8s Sweden 5%s ct. .. Sweden 6s Swiss 5%s. Swiss Confed 8s. ... Tokio 5s. Ud Kingm 5 Ud Kingm Elas'fl o4 106% Uruguay 8s..... 5% 105 MISCELLANEOUI‘ Am Agr Chem 7i4s 57 AmChalnsf6s'33 2 Am SmIt&R 1st 5s. 10 AmSmit&R6s... 4 Am Sug ref 65..... 16 AmT& Tcltrds.. 8 AmT&T cltrbs... 1 AmT& Tdebb%s 26 AmT&Tecvés.... 1 Am Water Wk Anaconda 1st 6s. . ‘Anaconda cv db 7s Armour & Co 43%s. Armour of Del 531 Assoctated Ol 6s.. Bell Tel Pabs..... Beth Steel 53553 Beth Steel s 6s... | Brier H St 1st 5%s Bklyn Ed gen 5s. . | Bklyn Edison 7s D | Bklyn Union G 5s. | Bush T Bldg 6560 Calif Pete 6%s. . | Can Gen El deb 65, | Chile Copper 6s CinG & E5%s'6 | Col Gas & El 58 | Col Gas & El 5s sta Commonwth P 6s { Con Coal Md 1st 5s, Consumers Pow bs Cuba Cane cv 7t "3( Cuba Cane cv d 8s. Cuban-Am Sug 8s. » 1930 8 £2 10 0110 1 OV 0 S 19 ) Sath i 114 96'% 96%: 96 i 105% 4 100% 96% 100% 102% 121% B 92% 45 15 e @ Det Edlson 5s'40. . | Duquesne Light 6s | Empire G&F 7%s. Fisk Rubber 8s. | Francis Sug 7%s.. Goodrich 6%s. . ... Goodyear 85 1931.. Goodyear 8s 1941. . | Humble O&R 5%s. Indiana Steel 5s. | Int Mer Marine 6s. Inter Paper 5s°47. KCP & Lt 55 A '52. | Kan G & E16s'62.. | Kelly-Spring 8 Keystone Tele 5s. | Liggett & Myrs 6s. Lorillard (P) & Lorillard (P) Ts. .. Magma Cop cv 7s.. Manati Sug sf 7% Midvale Steel 53 ct Montana Pow bs.. Nat Tube 1st 65. New Eng Tel 5s,. NYG EL H&P 4s NYG EL H&P bs NY Tel 4%s. N Y Tel 63’41 North Am Ed 6 Nor Ohio T&L 6s.. Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 7%5.... Pacific Gas & El 53 PacT & T 1st 5s. .. Pacific T & T 65°52 Pan-American 6s.. Phil & Rdg C&I Plerce-Arrow 8s. Pierce Oil deb 8s Public Service bs Pub Serv Elec 6s. Punta Alegre 7s. Saks & Cosf T Sinclair Oil 6%s. Sinclair Oil 7s. Sin Ctude Oil 6s. Sin Pipe Line 5: South Bell Tel 6s. . Southwest Bell 55. Steel & Tube 75. Tenn Elec Pow 6. Toledo Edn 1st 7s. Unit Drugcv 8s... USRublstrebs.. U S Rubber 73%8. U S Smelter 6 U SSteelsfbs. Utah Pow & Lt Bs. Va-Car Chem 7s.. Va-CarCh7%ss % ‘Warner Sug 7s'39. ‘Warner Sug 7s'41. ‘West Elec bs..... West'n Union 6%s Westinghouse 7s. . 1 Willys-Ov 6%s 33 Wilson & Co 1st 65 ‘Wilson & Co cv 6s. Wilson&C cv 73 ‘Winchester A 7 YoungstnS& T 95% 956% e SPECIAL THANKSGIVING BONUS FOR EMPLOYES By the Associated Press. NEW YORK, November 22.—Horn- blower & Weeks, one of the largest commission houses, has notifled the 750 employes of its various offices throughout the country that a spe- cial Thanksgiving bonus will be given this year in appreciation of the extra work performed by its staff in the last two weeks. This will be addition to the usual Christmas bonus, T Sam mm_:.mfw- ofrnaxsnatine naanbilan - LI -Y-T APt 1004 O TG RO 0 e ST o e M MGG OO = B 010 @ttt IS 4T D. C, SATURDAY, NOVEMBER' 2 [ovew s BONDS o rcmaa] Direct to The Star Office. RAILROADS. Bales. High. . 2 888 86% 91% 87 89% 85% Atchison gen 4 Atlantic CLcl Atlantic C L 1st 48 3 B & O gold 4 6 B&Ocvi%s B & O ref bs. .10 Balto & Q 1st 68 ct B&O6s 38 Buff R. & Pitt 4%s Canad North 6% N CB&Q-1113%s... lO Chi&EIgnos.... Chi Great West CM & Puget Sd 4s. 45 ChiM & St P 48°25 456 ChiM&StP4s'34 4 CM&StPdb4s.. 48 Chi M&S P cv 4342168 CM&StPgn4k%s 10 Chi M&St P rf 4385138 Chi M & StPcv bs 57 ChiM & St P €s. Chi& N W ret s.. s Chi Rys bs. CthlA—,Pfld. 425 ChiTH&SEG6s.. Chi Union Sta bs. . ll ChiUn Sta 6%s. . 5 Chi & W Ind cn 4s. CCC& StLrt6nA. Cleve Term bs. Cleve Term 6 %: Colo & Sou 4%; CubaR R 6s. . Der & Hd 1st rf 4s. 2 Del & Hudson 5%s Den & Rio G cn 4s. D & Rio G imp bs. D&RG1strebs.. Det United 4%; Erle 1st cons 4 Erfe gen 4s. . Erie conv 4s D Erie con ext 7s. Erie & Jersey 6s. . Gr Trunk sf db 6 Grand Trunk 7s... Great North Bs. . .. Gr. North gen fiVgl Gr North gen 7s. . Hud & Man ref 5s. Hud & Man aj 5s.. 11l Central 5%s. .. Int Rap Tr bs stpd. Int Rap Tran 6 Int Rap Tran7s... Int & G Nor 1st 6s. Int & G Nor aj 6s. . Iowa Cent 1st 5s. . Kan City Ft § 4 Kansas City 8 Kansas City § 6 Kan City Term 4s. Lake Shore 4s'31. Louis & Nash 7s Manhat Ry cn 'Market St Ry M & St L 1st ref 4s M StP & SSM cn 4s. P & SSM 6%s. & & MEK&TprinbsA 9 Mo Pacific gen 4s. Mo Pacific 58 °65.. NewOr Term 4s. NY Cengen 3% N Y Centdeb 4s... NYCentribs N Y Cent deb 6 Y C & StLdb4s. 11 NY Chi & St L5%e 12 NYC&StL6sA. 1 New Havnd 4s'67. 5 NewHaven cd 6s.. 41 New Haven 7s.... 31 ew Haven 7s {r. 345 YRyrt4sctfs.. 5 Y State Ry 4%s. 19 Y W & Bos 4138, orfolk & W cn 4 Norfolk & W cv 68 "6 Northern Pac 3s Northern Pac 4s.. Northern Pac ri 6s Ore Short Liref 4s. Pennsyl gen 4%s Pennsyl gen 6s.. Pennsyl 6%5 Pennsyl gold 7s Pere Marq 18t 6 Reading gen 4s... Reading gn 4%s. . Rio G West 1st 4s. Rio G West cl RIATk & L 4%5.. St L IM&S 4s°29 St L IM&S R&G l'. E StL&SFpl6sC StLSW 1st 4s. StLSWcon4s'32 5 StP & KCShL 4%8 165 St P Un Dep 5% Seab'd A L 4s. Seab'd A L ref 4s. Seab'd A L adj Bs.: 36 Seab'd A Lcon 6s.. 29 Sou Pacific 45°29.. 60 Sou Pacific ctl 4 5 Sou Pacific ref 4s. Southern Ry &n 48 13 Southern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%s. Sou Ry Mobile 4s.. Term Asso St L 4s. Texas & Pac 1st 58 ‘Third Ave ref 4s.. s 7 5 Western Pacific Whel & LE rf 4% MILLS MORE ACWVE. Census Bureau Makes Much Better Report on Cotton. Cotton spinning activity showed marked increasé during October, the total number of active spindle hours for the month being over a billion more than in September this year, the Census Bureau's monthly report to- day disclosed. October was the most active month in the industry gince January this year. Active spindle hours in October numbered 7,692,669,221, or an average of 201 per spingle in place, compared with 8,381,886,213, or an_ average of 223 per spindle in place, during Octo- ber last year, and 6,414,902,010, or an average of 170, in September this year. FINANCIAL NOTES. NEW YORK, November 22—H. S. Wilkinsqn, chairman of the Crucible Steel Col of America, told stockhold- ers at their annual meeting that the company’s volume of business was steadily increasing, orders in Octo- ber having been 22 per cent larger than the month before, while No- vember thus far had shown a corre- sponding gain ovef October. Surplus of the Pacific Oll Co. in the first nine months of 1924 amounted to $8,482,115, equal to $2.42 a share, an increase of $1,618,543 over the same period last year, when earnings were $1.96 a share. Stockholders of the Alabama Com- pany have od the sale of its phystcal properties to the Slos field Coal and Jron Shef- Co. for §5,675,000, FINANCIAL COTTON QUOTATIONS BIT LOWER TODAY Crop and Ginning Reports Basis for Some Sales Among ~ Traders. By the Associated Pre: NEW YORK, November 22.—The cotton market opened steady at a de- cline of 5 to 16 points under a re- newal of - the selling movement which developed after the publica- tion of yesterday's crop and ginning reports. December contracts sold off to 23.50 on the further liquidation in preparation for possible notices on Monday or. about 16 points shortly after the call. Offerings were ab- sorbed by trade buying and covering at the decline, however, and prices steadied up later, although the un- dertone was rather nervous. The amount of cotton on shipboard | awalting clearance at the end of.the week was 179,000 bales, against 118,- 000 last year. Cotton futures closed steady. December January March July, 24.41 tations. NEW ORLEANS, November 22.— Cotton futures opened steady. De- cember, 23.80; January, 23.82; March, 24.00; May, 24.14; July, 24.05 bid Cotton futures closed steady at net advance of 5 to 8 points. High. Low. o 2400 2874 Spot cotton qulet five points up. Sales on the spot none; to.arrive, 100. Low middling, 22.45; middling, 23.9 good middling, 24.45. Receipts, 11, 507 bales; stock, 345,627 GRAIN AND PROVISIONS. BALTIMORE, Md., November (Speclal).—Potatoes, new, 100 pounds, 1.00a1.50; barrel, 1.50a2.00; sweet po- tatoes, barrel, 1.50a5.00; yams, barrel, 3.00a3.50; beans, bushel, 3.00a4.00; beets, 100, 4.00a5.00; brussels sprouts, quart, 16a25; broccoli and kale, bush- el, 50a65; cabbage, 100, 3.0025.00; savoy, bushel, 50a75; carroty, 100, 3.0025.00 caulifiower, crate, 1.25a2.25; celery. crate, 1.75a4.00; cucumbers, bushel, 2.50a5.00; eggplants, crate 4.00a5.00; lettuce, bLushel, 50a1.00; onions, 100 poun 5a2.10; ovster plants, 100, 7.00a8.00; peas, hamper. | 3.00a4.50; peppers, crate, 3.00a5.00; pumpkins, 100, 10.00a20.00; spinach, bushel, 65a75; squash, crate, 3.00a 50; tomatoes, crate, 5.00a6.00; tur- nips, bushel, 75a85. Apples, packed, barrel, 3.00a7. bushel, 75a2.00; loose, barrel, 3.00; bushel, 5021.00; cranberries. 4.50a6.50; grapes, basket, 17a19; grapefruit, box, 2.25a3.25; oranges, box, 2.00a4.00: pears, basket, 20a30; bushel, 1.25a3.2 Selling Prices at Noonm. Wheat—No. 2 red Winter, L62% 2 red Winter, garlicky, 161%4; No. 3 red Winter, garlicky, 157 22 00 | 50a spot, Corn—Cob, new yellow, spot, 535 and 5.50 per barrel; track corn, yel- low, No. 2, 1.34. Oats—No. 2, No. 3, 60%. Rye—Nearby, spot, 1.37%. Hay—Receipts, 91 tons. There is a fair demand for desirable grades of timothy and light clover mixed hay and for such the market is steady. Medium and low-grade hay in free upply and prices on everything from No. 3 timothy down are very irregu- lar. Quotations tod: 2 19.30220.50; No. 3 timothy, 16.00a18.00¢ 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, 13.00214.00. CHICAGO GRAIN PRICES. CHICAGO, November 22.—Renorts of a wet harvest in Argentina led to decidedly higher prices for wheat to- day during the early dealings. The advance was helped, too, by asser- tions that the big movements of wheat from the Dakotas and Minne- sota had virtually come to an end. Some of the buying of future de- liverjes here was said to be on foreign account, and there was gos- sip also of liberal mew export busi- ness. Opening prices, which ranged from 3 to % higher, December 1.50%; to 1.50%, and May 1.58 to 1.58%, were followed by material further gains. A pronounced let-up in country of- ferings of corn to arrive did a good deal to send corn and oats upward in price. After opening at 14 decline to 1 advance, May 1.19 to 1.19%, the corn market scored good gains all around. Oats started unchanged to % high- er, May 58 to 58%3a58%, and then con- tinued upgrade. Provisions went higher with grain. new, 613 per bushel; 1.10a1.20; No. 3 rye, 0. 12.00a 12435 CHICAGO LIVE STOCK MARKET CHICAGO, November 22 (United States Department of Agriculture).— Cattle—Recelpts, 2,000 head; fe steers of value to sell at 8:50 upward, 25 higher; heavies showing sharp up- turn from week’s low time: highly finished steers and yearlings scarce; best of short-fed kinds predominat- ing; top yearlings, 13.10; highest of year; best heavies, 10.90; warmed up; plain quality native steers and west- ern grassers, 25 lower; spots more; stockers and feeders showing decline; thin 1light stockers, 35a40 down; country demand better grade stock- ers and feeders broad; best cows and heifers, 15a25 lower; canners and cut- ters, 10a15 off; bulls, steady; vealers, weak to 50 lower. Week's bulk prices follow: Fed steers, 7.75a10.75; gras: steers, 5.256.75; fat cows, 3.50a5.4 heifers, 4.25a6.75; canners and cutte 2.5023.10; veal calves, 8.00a9.00; stockers and feeders, 4.50a6.30. markets “steady; fat lambs mostly 13.50; culls, 11.50; for week, around 4,300 direct and 50 double-deck rang- ers; compared week ago, fat lambs mostly 50 lower; fat sheep, 50 high- er; feeding lambs, 25a50 lewer. Week's bulk prices: Fat wooled n: tives and fed Westerns, 13.50a14.50 top, 14.76; closing, bulk, 13.50a13.7 closing top, 13.85; clipped lambs 11.75a12.00; top, 12.25; yearlings, 0a12.00; wethers, 8.00a8.50; top, handyweight fed Western Gt 28.00; top, 8.50; natives mos! 5608800, fesding lambs, 13.50a14.50 top, 14.85; highest of year. Hogs—Recelpts, 14,000 head; most- ly 15a25 lower; lightwelght, 25a3b off; light light and slaughter pigs, 50 higher; top, 9.50; bulk good and choice, 225 to 300 pound butche 9.00a9.45; 160 to 200 pound weigh largely 7.7588.75; 140 to 150 poun kinds mostly 6.60a7.60; bulk packing sows, 8.50a8. 90 strongweight slaugh- ter pigs mostly 6.00a6.25; estimated holdover, 18,000, largely common and timothy, | Sheep—Recelpts, 2,000 head; today's B TWONEW HIGHS ON LOGAL BOARD Railway Common and Lino- type Advance in Busy Day on Exchange. BY CHAS. P. SHAEFFER. Two new high levels for the year were established on the Washington Stock Exchange this morning in a sesslon featured by unusual activity. Washington Railway and Electric common opened at 86, a 4-point gain over the previous high mark, but this peak could not be held, a point recession featuring cach of the re- maining two sales. But 2 were traded in. Mergenthaler Linotype also record- ed a new peak, moving forward frac- tionally to 168 on sales of Washington Gas Light w 52, 60 shares changinz Capital Trac position with swles of 45 83. Rallway preferred sold tionally to 783 on sales of Bank stocks shared in the day y. Riggs sold at 301, Com- mercial’ Natlonal at 310 and Mercl Bank and Trust Co. at 130, Bond trading was confined to util itles at former prices. shares its strong shares at off fr: share ants oreign Issues Popular. _Forelgn security fssues in the United States during the first 10 months of 1924 were greater tha during the whole of 1922, the previous record year, by near! $200,60 Thus far in the current vear than $700,000,000 j ing fissues av the United States by for ments and corporations. ures, with the exception of t e October, are b d on records of new sevur_ili issues compiled by the Com mercia’ and Financi Chronicle They do not include ernment urities nor sued by Canadian ¢ The total of for placed in this country up of $585,000.000 issues and $126,000,000 in issues Of the Governme those for refunding purpose o $179,000,000 and new lxsues o $406.000,000. The aggregate for re. funding purposes was made up al- most entirely of Japanese, Argentin and Belgian issues. The gove nts of European countries floated issues amounting to $307.000,000 and Centr: and South American government fssues amounted to $128,000.000. Of the total of $126,000,000 of for- eign corporate issue offered duri 1924, $167,000,600 have bee n offered during the last four monthe. Near one-half of this amount was up of issues by " railro: guaranteed as to interest and sink fund requirements by th Frene government. Foreign corporate sues durlng the last four months were greater than during any entire year since the war. in 1924 is m: in Governm mount Road Seeks Note Issue. The 1llinois Central Railroad to asked the Interstate Ty mission for authority 995,000 of 4 r cent. equipment trust certificates, the proceeds to be used in the purchase of various roll- ing stock. The Kuhn, 97.80. nmerce Co to issue § will be sold to “o. of New York at Increase in Failures. A moderate incre commerc failures in the United States this week brought the total to 421, R. G Dun & Co. reports, which compares with 40: st week and the same number a year ago. Decreases were shown in the Fast, West and the cific Coast, which were offset large increase in the South Washmgton Stock Exchange SAL Capital Traction Co.—10 at o 93, 1 at 93. 10 at 3, 10 at 93, “hington Hwy. & Elc 3. 5 at 81 inston Kwy. & I .S at at 9 com.—10. rm 10 at 751, £ Nitiond Beoksbit 140, 10 at Com; 140, 10 a1 140, Liiggs National Bank—1 at 301. Jlerchanig) Bank and Trust Co.—10 at Lanston Monotyp at AFTER \LL Washington Gas Light—10 2 shington Gas 6s St M ction e o1, Mergenthaler Linotype— 20 at 168, wU 168, 10 at 168 shington Gas 6s "33 BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. & Telga. 4. American Tel. & Telgu. 41,5, Am.Tel. & T City & Suburban 5s.. Georgetown Gas 1st Metropolitan K. K. Vb Bwy. & Bl oG MISCELLANEOUS, D. C, Faver Mts. o . Pow. g. m. & ref. 7 an Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel, & Telga TRUST COMPANY. American Security & Tras, Continent: Srhanta: B ational ‘Savings ‘and Tr jon Tt Wish. Toun & SAVINGS BANK. Commerce & Saving East Washingto Becurity Savings & Com. | Columbta Title. Real Estate Tit MISCELLANEOUS. Merchants' Transter & Storage. medium underweight. —_— Houses of steel have been erected in Glasgow, Scotland.