Evening Star Newspaper, February 11, 1925, Page 22

® . GAST iRON PIPE SOARS STILL HIGHER Features Wild Market Specialty Shares—Some ¢ Weak Spots Noted. in BY STUART P. WEST. @pecial Dispatch to The Star. NEW YORK, February 11.—The atock market today was a very fixed affafr, with rather wide fluctuations among highly speculative specialties and? reactionary tendencies among certain standard issues, notably the independent steels. Tuesday’s spectacular jump in Cast Iron Pipe, which rose to still higher levels today, and the overnight sto- ries: about W. C. Durant, who has been credited with having made huge profits in the stock, effectively adver- tised several other issues with which he has been commonly identified. As a consequence there was heavy: trad- ing at higher prices in such stocks at Independent Oil and Gas, Worth- ington Pump, Savage Arms and Radio Corporation. The buying in this group attracted the greatest attention, while the oil shares re-established their leadership as the session went an. Studebaker More Active. A flood of gossip was let loose about Studebaker and the powerful buying behind it. But this was highly speculative talk. There was nothing new in the situation of the company to account for the advance to 46; it was simply a case of a stock which had done little for sev- aral ‘days coming into the foreground again. Heavy profit-taking continued in General Motors around 78, but other motar stocks were strong. The Max- well issues were in demand and Pierce Arrow preferred ran up to 51. There was unusual activity in Pack- ard Motor from 15% to 16. The movement extended to some of the motor parts stocks, notably Stewart ‘Warner. Bethlehem Steel Weak. The weakness in Bethlehem Steel d1d not come as any surprise to thos who have maintained that the situa- tion in the steel trade was“much more uncertain than it was made out to be a month and a half ago. Bethlehem earned only $2.56 a share last year. It improved considerably in the fourth quarter and showed a strong financial position, with a ratio of current as- sets to liabilities of 51 to 1. But it s a question whether Bethlehem's earning power has grown up, or_is likely to in the near future, to the big increase in capitalization necessitated by the taking over of the Lackawanna Stel, the Midvale and the Cambria. Specialties in Big Moves. 1t was a field day for industrial specialties. United States Cast Iron Pipe at 250 was the most striking spectacle. Universal Pipe and Radi- ator, on account of the similarity of business, was bid up close to 51, but later on vielded sharply under profit- taking. Foundation Co. made a high following the increase in the divi- dend from a $6 to an $8 basis. Some of the same following in Cast Iron Pipe were seemingly back of the rise in Worthington Pump. Savage Arms, Allied Chemical, Air Reduction and Sears Roebuck were other stocks of the specialty class which were bid up more or less violently. North American Strong. With selling orders withdrawn from the market in North American than stock went forward easily. Reports of a decisive change for the better in American Sumatra’s affairs were re- sponsible for the sudden jump in the preferred stock and for the rise in the common above 20; No pretense could be made about to- day’s market that it was in any but a highly speculative stage. Stocks, in the eyes of real buyers, do not sud- deniy become worth 5 to 10 points more overnight, and the upbuilding of shares of the specialty class—the type where it is always hard to judge real values—was more reckless than on any day in several weeks. Markets at a Glance NEW YORK: Stocks—Irregular; Cast Iron Pipe soars 14% points, then breaks 16. Bonds—Unsettled; oils lower on profit taking. Foreign ex- changes—Stead: sterling fractiondl- 1y higher. Cotton—Higher; trade buying. Sugar—Easy; Cuban sell- ing. Coffee—Quiet and irregular. CHICAG liquidation. stocks. er. Wheat—Weak; heavy Corn—Easy; increasing Cattle—Dull; unevenly low- Hogs—Lower; demand narrow. — s DAIRY PRODUCTS. BALTIMORE, February 11 (Spe- clal).—Live poultry—Young chickens, 22a30; Leghorns, 21a26; Winter, ; old hens, 18a24; Leghorns, 18 old roosters, 15a16; capons, 32 young turkevs, 40a45; old toms, 35: poor and crooked breasts, 25 ducks, 24a32; geese, 22a26; pigeon: , 35a40; guinea fowl, each, 40a8 Dressed poultry—Turkeys, 1b., ai poor and crooked breasts, chicke: old roosters, 1 ducks, 2 geese, Eggs—Receipts, and nearby receipt Rutte -Creame ses; , 47, good to fancy, 1b, 37a41; prints, 42a44; ladles, 27a29; store packed, 20a21; process butter, 33; rolls, 21a24; dairy prints, 21a24. native COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PITTSBURGH, February 11.—Prices of both coal and coke in this district have dropped to lower levels. Efforts of coke producers to get ovens out of commission have not been speedy enough to allow stabilization of prices. KANSAS CITY, February 11.—The action of the wheat market has put a check on demand for flour from millers in this section. Millers do not look for any great increase in flour buying unless the wieat market rises violent- 1y again or becomes stabilized at present levels. ST. LOUIS, February 11.—Wheat re- ceipts here for January totaled 3,343200 bushels as compared with 1,850,357 a year ago, and shipments were 2,926,980 bushels, compared with 1.512,230. Flour receipts were 487,- 8§30 barrels and shipments 565.650. PHILADELPHIA, February 11.—Lo- cal underwear manufacturers have enough orders on hand to keep them. Some makers have sold all output for the first quarter. Prices are slightly lower than a year ago. HOUSTON, February 11.—Despite drought in some parts of Texas, plow- ing for Spring planting of cotton is well under way. Indications are for an increased cotton acreage in Texas this year. CHICAGO, February 11.—There is too much meat of all kinds on the market, the packers report. Beef trade is reported draggy under con- tinued accumulations so that the price has dropped somewhat. Hogs are reported to be coming in exces- sive quantities, but of poor quality. Norway now has neariy 20,000 auto- mobiles and trucks. FINANCIAL, - THE EVEN G STAR, WASHINGTON, D. C, WEDNESDAY, FEBRUARY 11, 1925. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. 9% 14% 49 87% 12% B 1% 88% 117% 7% 21% 54% 205 56 40% 40% 984 1% 18 206 25% Adams Bxp (6).. Adv Rumley.... Ad Rumly pf (3) Alr Reduct (15). Ajax Rubber. Ajax rights..... Alaska Juneau. Allied Chem (4). Allied Cm pt (7) Allis Chalm (4). Am Agricul Chm Am Ag Chm pf.. Am Bk N (12%) Am Bk N pt (3). Am Beet Sug (4) Am Bosch. ..... Am Brk Shoe (5) Am Can (18).... Am Can pt (7).. Am Car & F (12) Am Chain A (2). Am Chicle...... Am Chicle ctfs. . Am Drug Snyd. . Am Express (6). Am & For Pow.. Am & Fr P pt(7) Am Hide & Lea. Am Hide & L pf. Am Ice (1) 5 Am Internatl... Am La France (1 Am Linseed pf. . Am Locomo (6). Am Loco pt (7). Am Metal (3)... Am Radiacor (4) Am Republic. Am Safety Raz.. Am Ship & Com. Am Sm & Ref (6) Ans Sumatra. ... Am Sumatra pf. AmT & Tel (9). Am Tobacco (7). Am Tobac B (7). Am Tobac pf (6) Am WW&EI 30c. Am W W pt (5) Am Woolen...... Am Wool ptd (7) Anaconda (75¢). Archer-Daniels. Armour Del (7). Arn Cons & Co.. Asso Dry G (5).. Asso OIl (1%).... At T&SFe (7). Atl Coast L (18) AtGult & WI... AtGulr & W I pt Atlantic Refilnin Atlan Ref pf (7) Atlas Powder (4 Austin-Nichola. Auto Knitter... Baldwin L (7).. Bald Loco pf (7) Bal & Ohio (5).. Bal & Oh pt (4). Bang & Ar (3) Barpsdall A, Barnsdall B. Bayuk Cigar. Beech-Nut (3).. Bethlehem Steel Beth Stl pf (7). Booth Fisherles Briggs Mfg (3% Bkl Edison (8).. Brk-Man Tran. . Bklyn Man pt (6 8rklyn Un G (4) Brunswick-Blke Burns Bro (10). Burns Br B (2). Bur Add Ma (3). Butte Cop (50c).- Butte & Superio: Butterick Co. Caddo Central. . Cal Packing (6). 103 Cal Pete (1%).. 28% Calif Pet pt (7). 105% Callahan Zine. 3% Calu & Ariz (2). b4% Calumet & H (1) 16% Can Pacific (10). 150% Case Thresh pf.. - 62 Cent Leather... 203 Cent Leather pf. 64k CRRNJ (112). 309 Cero d Pasco (4) b4 Certain-Teed... 43% Chand Mot (3).. 81 Ches & Ohlo 74). 945 Chicago & Alton 9% Chic & Alton pf. 18 Chic & East Ill.. 85% Chi& EINpt.... 52% Chic Gr West.... 14 Chic Gr West pf. 30% ChiMIl&StP... 14 Chi Mil & SPpf. 23% Chi & Nwn (4).. 71 Chi Poeu T (5).. 9L ChiRI&Pac... 47% CRI&Ppt (7). 97 CRI&PDI(6). 8T% ChiStPM&O.. 53 Chile Cog (2%). 86% Chino Copper... 27% CCC&StL (5). 164% Cluett Peab (5). 63% Coca-Cola (7)... 92 Colo Fuel & lron. 47 Colo Southern... 53% Col G & E (2.60). 47% Col Carbon (4).. 49 Com Inv (2.50).. 59% Com Solv A (4).. 178 Com Soly B..... 173 Congol-Naira (3 41% Conley Tin Foil. 16% Consol Cigar.... 29% Con Distributrs. 7% Consol Gas (5).. 77 Consol Textile... 4% Cont Can (4).... 66% Cont Insur (6).. 113% Cont Mot (80c).. _ 9% Corn Frod (2).. £39% Cosden Co. . 33% Crucible Stl (4). 173% Cub Am Sug (3). 32 Cuban Cane Sug Cub Cune Su pf. Cuba Dominican Cuyamel Fr (). Daniel Boon: Davison Chem. . Deere pf (3).... Del & Hud (9) Del L& W (6).. 140 D&RGWstpf.. 46% Detroit Ed (3).. 116% Dome Mines (2). 15% Doug Pectin (1). 14% Du Pont (8)..... 148% Duquesna pf (7) 107 Eastman (18)... lif:'fi Axle..... Eaton o R 69 46% 90% 145% Elec St Bat (15). End-John (8)... 6 Erie . 82% Erle1at of a2y rbks (2.60).. B854 :‘::‘nnll Pl l;; . 132“ amous pt (8) . Fod L& T (°7). 136% Federal Mines. . 23 P Fed Mines pf (1) 62 Fid Phoenix (6) 156% Fisher Body (5). 65% ek Rubber.... 12% ¥ish Rubber pf. 88 Fielschman (T4) 82 Foundation (6). 108 Frank-8Si pf (7). 104 Freeport-Texas. 10% er Motor.. 10% &.‘,“A‘m Tnk (3) 63 Gen Asphalt.... 57% Gen Asph pf(5). 96% Gen Electric (8) 238 Gen El spl (600). 11% Gen Motors (6).. 7T% Gen Mot pf (7).. 108% Gen Petrol (3).. Bl% Gimbel Bros.... b2% Glidden Co- 16% Goodrich. 4T% Goodyear D 92% Gdyear prior 106% Granby Consol.. 20% Grt North pf (5) 70 Grt Nor Ore (4). 39% Grt Wstn Su (8) 94% Gulf Mo & Nor.. 25% Gu Mo & Npf63 944 Gulf St Steel (5) 921 Hanna 1st (7)... 88 Hartman (§2.50) 33 Hayes Wheel (3) 37% Hayes W ptf (1% 108% Helme Geo H... 175 Hoe & Co A (4).. 4T% Househ P (13%) 36 Houston Oll....; 81% 128 High. 102 “14% 49 91 12% 5 15 90% Low. 99% 14 48 8% 12% 1% 118% 1 80 21% 54% 206 56 40% 41 98Y% 173% 1us 205 25% 43% 4% 612 163% 34 91% 12% 0% 884 38% 12% 60 120% 51% 101% 58% 40 12% 104% 65% 99% 22 6 4 134% 877 867 105% 169 38 4 118% 153% 28% 42% 116% 114 52 27% 3 133% 116% 80% 651 40% 28% 23 @ 69 50% 4 101% 6 38 129% 44 80 8% 43% 94% 204 9% 8la 20% 8% 2 103 29% 106 3% 54% 1674 150% 62% 20% 64% 809 b4 43% 32% 95 10 18 6% b2% 14 30% 14% 23% 1 92 4% 97% 87% 63 37 27% 164% 63% 2% 4% 53% 48 49 €0 116% 16 14% 149% 107 115% 11 66% 69 82% 42% 35% 96 106 137 23 62% 166% 66% 13% 83 82% 109% 104 10% 10% 534 59 96% 289% 1% 78 108% 658% 524 17% 47% 92% 106% 20% 70 39% 94% 25% 9% 92% 89 334% 39 103% % 8o 83% 105 137 23 62% 166% 657% 12% 82% 81% 108% | 104 10% 10% b3 b57% 9615 238% 1% 77 107% 525 b51% 17 41 924 106% 20% 69% 38% 4% 25% 4% 91 89 824 38% 108 5 48% 864 82% Hudson Man. ... Hud Man pf (5). Hudson Mot (3). Hupp Mot (1). Illinols Cent (7) Independ Oi1 (1) Indian Motorcye Indian Refining. Inlana’Stl 3%). Insptration Cop. Interb Rap Tr... Internat Agri. Int Bus Mac (8). Int Cement (4).. Int Com Eng (2) Internat Har (5) Int Mer Marine Int Mer Mar pt Internat Nickel. Inter Nick pf (6) [nternat-Paper. Int Pap pf st (6) Int Ry Cent Am. Inter Shoe (5). . Int Tel & Tel (6) Iron Prod (n)... Jewel Tea Sewel Toa pf. Jones Bros Tea. Jordon Mot (3).. Kansas & Guif. . KCP & L 1st (7). an City South. elly-Sprigfield. Kelly Spring 1st Kelsey WhI (6). Kennecott (3).. iKeystone T & R. Kresge Dep Str. Laclede Gas (8. Lee Rub & Tire Lehigh Val (3%) Liggitt & M (t4). Lig & My B (t4). Lig & Myrs rgts. Lig & My pf (7). Lima Loca (4). Loews Ino ().. Loft....... Loose-Wiles Bis Loose W 2d (7).. Long Bell A (1), Lorrillard (3)... Lorillard pf (7) Louisiana Oil. McCro (1.60) B Mackay pf (4). Mack Trucks (6) Mack Trk 2d (7) Macy HR & Co.. Magma Copper Magma Cop rts. Mallinson & Co. Manat! (5).. Man ElSup (4). Man El md g (5) Manhat Shirt (3) Manila Electric. Maracaibo Ofl. .. Marland OMl...... Martin-Parry 4. Martin-Par rts. Mathieson Alka. Maxwell Mot A.. Maxwell Mot B.. May Dept St (5). Mexican Seabd.... Metro G pf (1.89) Miam1 Cop (2). Middle States. Midlnd Pr pf (8) Minn & St Louts Mis Kan & Tex. MK&TpL(5).. Missouri Pacific Missourl Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 750 Mullins Body... Nash Mot (111).. Nat Biscult (14) Nat Cloak & Sut Nat Dairy (3). Nat Dept Store: Nat Distillers pt Nat Enamel &8 Nat Lead (8).... Nat Ry Mex 2d.. Nat Supply (3).. Nevada Copper.. NY AlrBr (4)... N Y Canners (2) N Y Central (7). NYCStL(6)... NYC&StL pt (6) N ¥ Dock.... N 'Y Dock pf (5). NY NH & Hart.. NYO& Wst (1) Niag Fls Pow (2 Niagar F pf1%. Norfolk South Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (6). Nunnally (1) Orpheum (1.80). Otis Elev (15%) Otis Elev pf (6). Otis Steel Otis Steel pf. -Owens Bot (31.. Pacific Coast. ... Pactfio Gas (8).. Pacific Mail. Pacific Ofl (2). .. Packard (11.50). Packard pf (7). Pan-Amer (4). Pan-Amer B (4 Paris & Bsta... Park & Tilford.. Penna C & Coke. Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). Pero Marg (4). Pere Mar pf (5). Pere M prior (5) Phila Co (4).... Phila Copt (3).. Phila& RC&IL. Phillip Morris. Phillips Pet (2). Pierce A prior 8. Plerce Oil...... Plerce Ofl pf. Plerce Petrol... Pitts Coal. . Pitts Term Coal Pitts Ut pf (1. Pitts Ut ct{s 1.20 Pitts & West Va Postum-Cer (4). Press Steel Car. Prod & Reflners. Pub Ser N J (5). Public Serv rte. Pullman Co (8). Punta Al Su (5). Pure Oll (1%). Radio Corpor A. Radio-C pf (3%) Ry Stl 8pg (8).. 13: Ray Cons Cop. Reading (4). Reading rts..... Reading 1st (2). Read 2d pf (2) Remington Type Remingtn 1st (7 Replogle Steel.. Rep Ir & Steel. . Reynolds 8p (1) Rey Tob B (3)... Rossia Ins (6). .. Roy Duth 4.42% St Josepn 14 (2) StL & San F (6) StLSanF pt (6).. St L Southwest. St L Swn pf (6). Savage Arms Schulte (8)... sienahl pf.. g:::—mbl 6) Seneca Copper Shell Union (1). Simmon Co (2).. Simms Pet (60c) Sinclair Oil Sinclair pt (8) dkelly Ol Sloss-Sheft .o Sloss-Shf pf (7). South Port 8 (6) South Pao(6)... Southern Ry (§) South Ry pf (6). Spicer MIK..... Std Gas & El (3) St Oil Calit (3).. StOuNJI ... StOILNJ pt (7). Std PlateGlass., Open. High. Low. Close. 26 66 41% 16% 115% 294 164% 9 4% 80 328 125 122% 57 345 107 1313 49% 274 99y 57 76% 19% 115 9316 104 19% 105 21 © % 101 375 16%% 51 96 554 215 34 1393 1 76% 68% 69% 81 17% 69 23 106% 104 624 16% 106% 13% 73% 1% 314 20 a8 2% 115 0% 73% 817% 55% 463% 9% 147 434% 13% 50% 88% 2% 35% 7% 514 57 14 14 0% 974 64k 304 1% 26% 1414 44% 31% 64 52% 4 16% 8% 22% 31% 41 49% 100 20% 67% 16 1% 93% b5% 43 70% 82 50% T2% 89% us 24% 43% 160 % 26% 37% 22% 2% a1 29 93% 86% 67 105% 89 26 26 66 66 66 41% 16% 116% 29% 16% 9% 48% 30 83% 12% 122% 57l 84 107 13% 51% 27% 99% B8 6% 19% 15 93% 104 20% 109 21% 46% % 101 37% 16% 51 96 65% 2% 40 16% 115% 21% 16% 9 48% 29% 82% 126 121% B6% 34 108 18% 49% 27 29% 57 6% 19% 115 93 102 194 105 21 s L 101 37 16 51 96 54 2% 3318 139% 13% T6% 68% 69'% 813 17% 69 23 6% 82 104 48% 341 109 21% 26 6754 144% 102 % 40% 1 28% 52% 42a 49% 25% 29% 30% 4315 34t % 1% 79% 378 1073 16 50% 243 81 174 265 69% 70 46% 421 66% 3% 163 2% 674 15% 50% 33 122 129% 014 27% 57 S1u 23'% 51 28% 23 127% 4% 4% 0% 10 271 91 101% 10% 82 g 30 106% 10 624 15% 106% 3% 8% 1% 1 20 4% 25 s 69% 734 81 48% 14%' 43% 134 9% 88% 2% 86% % (31 57% b57%| U S Express.. 14 14 41 16% 115% 283 16% 9% 8% 29% 32% 12% 1215% 56% a4 106 13% 51% 27 99% 5% 6% 19% 115 93 1 20% 109 21% 45% % 101 37 16 51 96 b4 2% 23% 139% 13% % 69 694 84 117% 69 23% 6% 82 104 48% 34% 109 22 86 67% s 102 76% 40t 1 28% 52% 420 49% 25% 29% 31 43% 844 K] 71 81/¢ 40% 109 303 24% 8% 17% 265% 69% 70 464 424 86% 33% 1634 24 671 16% 50% 334 1228, 183% o1ty 27% 57 81% 23% 5% 284 23 27% 4 47% 0% 10 2% | 21 101% 10% 62 464 30 107% 10 63% 16% 106t T4% 5 1% 3l 20 4% 28 1184 70 3% 81% 48% 14% 43% 133 49% 88% 3 36 T 1% 14 14 MOVES ARE MIXED | Coxswvore BONDS srocxxcunvce] WHEAT, CORN, OATS N BOND MARKET Oils Yield to Profit Taking, But Railroad Liens Main- tain Firm Tone. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, February 11.— Con- tinued firmness characterized the bond market today, but actlvity was confined to’a comparatively few is- sues. The Liberties were steady and Atchison general 4s and U. S. Steel sinking fund 6s fractionally higher among the high-grade investment group. Attention was attracted by the strength in Delaware and Hudson convertible 5s, above 107, at a new high not only for this year but for 1924 as well. This bond is now selling, not on ts merits as an investment, but on its conversion privilege into Dela- ware and Hudson stock, the conver- sion price for the stock being 150. Baltimore and Ohio Liens Strong. In sccond-grade railwdy bonds Bal- timore and Ohlo convertible 43;s and Kansas City Southern refunding b were in demand. The Baltimore and Ohio issue is of medium term and at the market yields more than 5% per cent, and the Kansas City South- ern isspe, of long term, ylelds a little less. Chicago Railways 6s were the lead- ers among the tractions with an ad- vance at one time amounting to over 235 points. Dealings were on a large scale. Selling at 86 they were at a new high for the year, but still three points below the high of the preced- ing year. New York City Traction except for the New York Railways securities, failed to make much prog- ress. Consumers Power bs were higher among investment utilities, United States Rubber bs held around their recent best price and the bonds of the sugar producing companies were still firm. Polish Loan Delayed. The feature in the foreign list was the raily in_Austrian 7s, carrying them up above 95. Selling in this issue recently was due to discouraging cable dis- patches as to the economic situation in Austria. The new Polish loan has been post- poned a few days, but is expected very soon. DIVIDENDS. Corporation. k1o . Payable. Feb. 15 Mar. 16 1 7% cum. p Conley Tin Foil Fam." Play-Las Ind. Oil & Gas Kuppenbeimer pf. Libby wens Sheet Glass do. ptd. Mack Truck. do. st pfd do. 24 pfd. Nat. Sugar Refi Penn. R R C Electric pfd.. . Southwestern P & Lt. ptd. Southern Colorads Apr. Apr May 1 Mar. Mar S8 B oz 8 oENs2 4 June 1 May 20 July 1 June 20 TREASURY CEB.TIF{CATES. (Quotations furnished by Redmend & Co.) s March 15, 1925.. March 15, 1825 Juoe 15, 1925.. September 15, December 15 s March 15, 1921 418 September 15, 4%s March 15, 1927 4135 December 15 4 4% 414 % 4 Sterling Prd 5% Stew Warner (5 Stromberg (6).. Studebaker (4). Submarime Boat Superior Ofl.... Superior 8tl (3). Symington..... Symington (A) Telautograph. . Texas Co (3). Tex.G Sul (17%) Tex & Pacific. .. Tex & PacC &0 Third Avenue... Tide Wat Oil (4) Timken (13%). Tobac Prod (6). Tobac Prod A (7 Transcont.Oll. Twin City (4) Underwood (3). Un Bag & Paper Union Oil (1.80). Un Pacific (10, Up Pac pf (4) Utd Clgar (13%) United Drug (6) Utd Drug 1st 3% \Utd Fruit (10).. Utd Ry Invest.. 22 Utd Ry Inves Lf. 57% U S Cast Iron P. 239 U S Distributing 35% 15% 22% 1415 47% 104% 52% 21% 14 145 424% 6% 95% 4% 62 39% 43% 41% 151 4% 64% 117 52% 216 % 244 82% U S Hott (60¢). U 8 Ind Alcohol. 70% 70% | U S Realty (8).. 13:‘5 97% 62% 62% | U'S Rub 1st (8). - 80% 314 | US Smeltin . 97% 0% 4 bt 34% USSmpt (3%). 464% U S Rubber. 26% 26% | U SSteel (17)... 126% 141 44% 44% | Universal Pipe.. 81% 31% | Univer P pt (7). 62% 524 181% 16 78 22% 87 a1 49% 100 19% 56% 15% 6% 93% 6% c a3 8% 82 oY% 724 88% 114 23% 41% 160 % 26Y% 37% 22% 21% a1 29 92'% 96% 67 1% 4 4% 118 1 141 62% 52% 131% 16 8% 22% 49% 100 - 19% 56% 15% 5% 633 82 50% 72% 62% » 26% 37% 28 9% 29% R2% 96% 67 1% 43 U 8 Stedl pf (7). 1%3% 93% 9% 48% 29% 124 70% 1% 24% 64% % Utah Copper (4) Utah Securities. Vanadium...... Va-Caro Ch pf.. Va Ry & Power. Vivadou..eseens Wabash pt B. . ward Baking A. 120% Ward Baking B. 48% Ward Baking pf 94% West Pen pt (1), 97 st Blc pt (7). 1164 Maryland. 16% Mazdpf.. 28% ern Ple(lg;s.l gi). t Pao pf (6).° g::( ‘Union (7). lagu Westinghse (4). 72 Westhse 1st (4). hite White Mot Wickwire S| Wickwize 0 . -Over Pf... 3:‘:7":& 13, 1164 Worthington... T4 Worthington 87 Worthington B ¢ right Aero (1) 8% 5% +0dd lots. " {Partly ext: $Payable i 4% 64%| Dividead raten O "ia” e above "tobts 4% | ad s oot thchudon, T Recelved by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Bales are in $1,000.) Bales. High.' Low. Close. 622 101 26 101 20 10125 _ 29 10130 101 26 10126 231 10156 1012 1011 234 10116 10113 10113 162 101 31 10129 101 28 93 101 100 28 100 28 8 104 31 104 26 104 31 FOREIGN. Sales. High. Low. Close. 76 96% 964 964 43 96% 96 064% 5 1027 102% 74 96 94l 20 99% 99% 87% 87% 94k 94 110 109% 107% 107% 111 110% 93% 93 86% 85U 837 834 97% 97% 101% 1014 102% 102% 104 103% 103% 103 101 100% 102% 102% 108 108 107% 107% 444 44% 97% 97 99'% 99 10114 100% 100% 100 102% 102% 96% 9 96% 96 100% 100% 100% 100% 104% 104 861, €6 91ts 9% 100% 100 Lib3%s Lib 1st 4 Lib2d 4% Lib3d 43 Lib4 4%s US4s1944. US4%s'52, Argentine 6s A. Argentine 6s B. Argentine7s... Austria i Bank of Japan § Belgium s wi. ., . Belglum 6%a wi., 1926 Canada bs 1931 Canada b5 1952 Canada 5%s 1929 Chile 7s 1942. Chile 85 1926 Chile 851941, Chile 85 194 Chinese Gov Ry Copenhagen 5%s2.. Cuba 5%s. .. Czecho 88 1951. ... Czecho 851952 ct.., Denmark 6s...... DEI5%s Mch '53. DEI5%s Nov '53. Dutch East T 6s *47 Dutch East I 65 '62 El Salvador 88 48.. 2 Finland s f 65 1945 16 French Tswi . French Govt 7 French Govet Germany Ts w Ger Gen Elec Greek Tawi...... Holland-Amer 6s. Hungary 6% Japanese 4 Japanese 61 Jergens U M 6 Lyons 6s..... Marselle 6 Mexico bs. ... Montevideo 73 Netherlands 68 ‘54. Netherlands 6s '72. Norway 6s 1943, Norway 6s 1944. Norway 6s 1952. Norway 8s. rtd 103% 103 106 106% 99% 99N 9% 994 100 99% 111% 1107 85 Bd% sk T84 87'3 87 88 86 92 92 104 104 1104 110% 97 97 945 94 97 97 102% 102 90% 905 o7 6% B4N* E4's 997 99% 104% 104 1027 102% 114% 114% 67% 67'a 116% 116% 106% 106% Paris Orleans 7s. Prague 7%s. Queensland 6s Queensland 7s Rio de Jan s Rio de Jan Se 1947, Rio Gr Do Suf 8s Sao Paulo State 3 Seine Dept of 7s. Serbs Crtes Slo Soizzons 68 Sweden 5%s ui. Sweden 6s. . Swiss 5%s 194 Swiss Conted 88 Tokiabs. .. . Ud Kthgm 5%s°29. Ud Kingm 5%8":7. 57 Ud Steam Copen 68 8 55 94% Uruguay 8s....... 10 108 107% MISCELLANEOUS. Ajax Rubber 8s... 12 99% Am AgrChem 5s.. 1 100 Am Agr Chem 7%s 77 100% AmChainsf6s'33 7 99 Am Smit & R 1st 68 15 974 AmSmit&R6s... 3 1074 Am Sug ret 6s 102 AmT& Tcltr & 96% Am T& Tcltrbs.. Am. T. & T. SF Am'T & T deb 5%s 55 1 AmT&Tcv 68 Am Water Wks 5; Am Writ Paper 63 Anaconda 1st 6s Anaconda cv db 78 Armour & Co 4% Armour of Del 5% Associated Oil 6 Bell Tel Pa bs. Beth Steel pm Bs... Beth Steel rf 5t Beth Steel 533’63 Beth Steel s f 61 Brier I St 1st 5%3 Bklyn Ed gen 6s. . Callf Pete 6345. ... Central Leather 53 Chile Copper 6s. ... Col Gs & El 58 sta. Commonwth P 63 Con Coal Md 1st b Consumers Pow bs Cuba Cane cv 7t ‘3¢ Cuba Canecvd Denver Gas 6s..... Dery (DG) T8 Det Edison s Det Elison ref 6 Donner Steel 7s Duquesne Light 6s 10 Est Cuba Sug 7%s 132 Empire GEF 7%s. 41 Feder Metls 78733, 3 Fisk Rubber 8 10 Goodrich 6% Goodyear 85 a4 100 100% 987 95% 107% 101% 96% 100% 9544 101% 121 95% 5274 1004 1034 8 9315 102% 100% 9214 95% B8N 96 99 " 100 103 1004 108 100% 5 1004 10 .42 21 19 34 25 40 5 12 12 25 3 2 ] 1 1 8 103% 109% 120 10074 973 94 101% 4 90% 90%; 97 101% 103 s 100 9% 801 97H% 101% 894 Th B¥'n 824 824y 100 100 114% 114% 96% 9684 107 107 108% 108% 100 100% 104% 104% 95 95 105 105 94 94 15 100 1004 95% 95% 99% 99% 94 94% 110 111 95 95% 104% 1043 100% 1004 95% 96% 1104 1104 104% 104% 97 9734 1054 105% 106 106 12 114k 89% 891, 93% 943 100% 100% 85% 86 116% 11vy% 99% 994 ¢ 102% 102y 9% 97% 97% 9714 100 100% 103% 104 109% 109% 961 964 5o 8o 3 105 100 93% 94y 86% 86k 9% a9% 8 86 95% 95% 29 99 1% 111% 107% 107% 86 36 100 100 Illinois Steel 4%s. Indiana Steel 5s. Int Mer Marin: Inter Paper 58’47 KCP&Lt6s A Kan'G & El 6s'52 Keyser () 7 Kelly-Spring 88 Lackawa S 53 '50. Liggett & Myrs & Lorillard (P) Manati Sug sf 7% Midvale Steel Montana Pow Mor's&Co 1st 4% New Eng Tel 58..... N Y Eden 1st 6%8 N Y Tel 4%s NY Tel 68’ N Y Tel 6 North Am Ed 68 North Am Ed 6% Nor States Pow b Nor States Pow Otis Steel‘ ;%l is Steel 88. g:clflc Gnl‘ a; El 53 PacT & T st 6s... Pacific T & T 63’53 38 Pan-American 6s. 205 PhilaCo b sgl‘:lA €0 t1a Co re oL Phil & Rag C&16s. 1 Producers & Publio Service b8 Public Bervice 6 8. Punta Alegre 7 uthwest Bell Sug Eat Orlent Tenn Elec Pow 6s. Tide Wat Ol 6%8, Toledo Edn 1st 78. Union Bag & P United Drug 6s. U 8 Rub 1st 1l 68 USSteels £58.... Utah Pow & Lit 6s. Va-Car Chem 78. Va-Car Ch 7%s sw Warner Sug 7 ‘Warner Sug 78°41. ‘Weat Elec West'n Union 6%s Westinghouse 7s. Wickwire Spen 7 Willys-Ov 6%#'33. ‘Wilson & Co 1st 68 4% 94 94y ‘Wilson & Co cv és. 66 66 66 Youngstn S&T 6s. 3% 99 98% 98% Sl Troy, N. Y., produces about 90 per cent of all the linen collars made in 111% 107% 86 100% | America, RAILROADS. Sales, High. Low. Close. | Atchrsonadj4s... 1 83% 83% 83% Atchison Gen 89% 89'a 8$9% 90% 90% 90% 108 1074 108 1004 99% 99% 87% 87% 8% o2 92 92% $9% 89% 8% 101 100% 100% 105% 103% 103% 102% 102% 102% 69% 694 69% 8% 86 87% 87% 871h 81% 79% ' 80 5 117% 117% 116% 116% 101% 102% 103% 103% 96% 96% 897 90 4105 105 5T% b7% 89% B9% % 10i% 101% 8% T84 b4% 6% 55% 65 3% 3% W% b3 80% bl% 504 99°s Atlantic C. L. 7s.128 B&Oprin3ys B & O gold 4: B&Oecviy .B&Oref bs. Bklyn-Manhat Canad North 6%s. Canada North 7, Cent of Ga 6%s. Cent of Ga 6s.. Ches & Ocv 4% Ches O gn 4% Ches & Ohio cv Chi & Alton 3 Chi B&Q gn 4s '58. Chi B&Q 1st rf 6s. Chi & E 1 gn b 21 Chi Great West 4s. 75 CM& Puget Sd d4s. 1 Chi M & St P 43’26 47 CM&StP gn 48 '89. 38 Cni M&St P cv 4% 36 CM&StPgn4k%s 1 Chi M&St P rf 44s 28 Chi M & St P cv 6s. 10 Chi M&StP 68 Chi & N'W ref bi Chi & N'W 7s. Chi Rys bs. . ChiRI& P gn 4s. ChiRI&Prf4s... Chi Union Sta 5s. Chi & W Inc cn 4 C&W 15348 62 wi. CCC&StLrfénA. 14 C. & 8. 1st 4s, '29. 10 Colo & Sou 4%s 2 Cuba RR 53 5 CubaRR 7% 7 Del & Ha 1st rt Del-Hud cv 53 '35. 110 Del & Hudson 5%3 14 Den & Rio Gen ds. 5 D & Rio G imp bs.. 3 s4% 9814 59% 91k 71% 6% 8 67% 3% 107% % 1027 964 107% 1165 947 102 i 1104 14% 86 £7% 2% 104% | 102% 9% 124 1% 9% 55 102% 74k 26 61% 2% 90% 5t Det United 4%s. Erle 18t cons Erie gen 4 Erieconv4is A.. Erleconv 4sB.. Erfeconv4sD., Erle con ext s . Erie Genessee R 65 Erie (Pa)elt tr 4; Gr Trunk sf db Grand Trunk Great North 58 Gr North 5%s Gr North gen 7 . Green B& Wdb B. Havana ERL&P 5 111 Cent ref 58°55. . 111 Central 6%s 111 C-C St L&NO 58 Int Rap Tran bi Int Rap Tr bs & Int Rap Tran 6 Int Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor aj 63 lowa Cent rf 4s.. Iowa Cent 1st 5; Kan City Ft S 4 Kansas City S b: Kan Cy Term Lake Shore 4s '2! Lake Shore 4831, Lehigh Val cn 4s Louls & N uni 4s Louis & Nash 5%3s. Manhat Ry cn 4» Market St Ry Ts M & St L 1st ref 6314 9345 25% 104% 75'% 86% 91 108% €57% 100% ¥814 1015 61% 86y, 91 103% 66 101% 8l 101% 617 8315 94 100% 3 6% 1 84 8 4 84 .142 101% 101 101 . 148 1164 1164 116% 95% 95% 95% MEK&T6sC.. M» Pacific gen Mo Pac 58 1926. Mo Paclfic 5566, Mo Pacific 6s. New Or Term 4 N O Tex & M in NO Tex & M 5%, N Y Cengen3 N Y Cent cn 4 NY Centrlbs N Y Cent deb NYChi& St L5%s New Hav d 4867 11 58% 68 58 New Haved .47 89% 89% 897 New Haven 2 99' 984 99y New Haven s fr..685 99% 9915 9915 New York Ry fr4s 5 52 52 52 NY Ry rf 4s ctfy 54 54 New York Ry aj NY Rys ad] 58 ct. NY W & Bos 4% Norfolk & W cn 48 Northern Pac 3 5 rthern Pac 4 Northern Pac 58 D Northern Pacr i6a ] 1004 6 Ore Short L ref 4 Ore Sht L cn 53 '46. Ore-Wash 1st rf 4s Pennsyl zen 4% Pennsyl gen bs Penn. 5s. 64. Pennsyl 6%s. . Pennsyl gold 7s. Peoria & E inc 4a. . Pere Mrq 1st 45°56 Reading gn 4%s3. .. Rio G West 1st 4 Rio G West cl 4 RIArTk & L4%s, St L IM&S 4s'29. St LIM&S R&G 4s. StL&SFpl4sA.. StL &S Fprln6s. StL&SFb5%sD.. ad) 68, t ¥ Un Dep 5%8.. gan A&ArnP4s.. 1 Seab’d A Liref 4s.. Seab'd A Li4s sta.. 40 Seab'd A Liadj be.. 27 Seab’d A L con 6s.. 34 Sou Pacific 43'29.. 32 Sou Pacific ctl 4s.. 26 Sou Pacific ref 4s.. 19 Southern Ry gn 48 34 Southern ll:y 1st 68 ég Southern RY . Southern Ry 6%s. 100 Term Asso StLids. 9 Third Averef 4s... 24 Third Ave adj bs.. 37 Union Pac 1st 48.. 24 Union Paclstrf4s 2 Union Pac 4s°27... 41 Union Paccv 6s 2 Virginia Ry st 5i Va Ry & P 1st §s.. ‘Wabash 1st 6 101% 105% 1094% 83% b7 484 9214 8514 9915 104 96% 92% 101 96 - 664 934 9944 103% 96% 9234 100% 96% 664 934 993 103% 96% 92% 101 96% 66% 3% 2 6 50 Western Pacific 58 25 —_— GLRMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Asked. Ger Gt (war loan) 5 1914-15. 1730.00 1825.00 Hamburg 43s 1919 425.00 " 475.00 Ger Gt 4-58 (forced i . 2400 2700 Ger Gt 8158 1923 (sm pieces) : (Quoted n dollars per thousand. marks.) Ger Gen Elec 414s pre-war. 26, Ger Gen Elec 4i4s 1919. 425 Berlin 4s pre-war . B Hambg 3, 8%s & 4s pre-war Hamburg Amer Line 414; North German Lioyd 434 North German Lloyd Prussian Couols 3138) 5 3%33 & SNl | straight rye, FINANCIAL. IN SEVERE BREAK Heavy Selling Sends All Grain Down in Today's Final Trading. By the Associated Press CHICAGO, Februarsy 11.—Heavy sell- ing of corn and oats turned all grain sharply downward in price during late trading here today. May wheat went as low as $1.77%, a drop of nearly 10 cents compared with quotations earlier today and about 6 cents under yester- day's low point. WHEAT Open. May .. e ’:! Juiy Beptember COR: May ... July . Beptember OATS— May . July L September . YE— May i b 468, 131% COTTON QUOTATIONS IN STEADY ADVANCE Reports From Egypt and Dry Weather in Texas Are Bullish Factors. By the Associated Press NEW YORK, February TIl.—The cotton market opened steady today at am advance of 8 to 15 points on relatively firm Liverpool cables, re- norts of an advance in Egyptian cot- ton, continued dry weather in Texas and reports that trade estimates of the East Indian crop were being further reduced Considerable realizing and a little Southern selling was readily absorb- ed by trade and commission house buving, prices advancing to 24.80 for May and 25.06 for July by the end of the first hour, or about 16 to 20 points net higher. New Orleans Quotations. NEW ORLEANS, February 11.—The cotton market opened firmer owing to much better cables than due, and first trades showed gains of 11 to 13 points. Active buving set in after the opening czll on a bullish construction placed on the weekly weather report; that dry weather had prevented plow- ing in" much of central and west Texas. The weather map showed dry weather over the greater part of the belt with no rain in the western section. March traded up to 24.48, May 24.80 and October 24.63, or 22 to 24 points above the previous close.| July crossed the 25-cent line to 25.04. . GRAIN AND PROVISIONS. BALTIMORE, Md., February 11 (Special) Potatoes, per 100 pounds, 1.65: sweet potatoes, barrel, 2.50a 5.50; vams, barrel, 3.00a4.00; beans. hamper, 1.50a4.00; beets, 100, §.00a 10.00; broceoli and kale, bushel, 50a60; brussels sprouts, quart, 20a30; cab- | bage, ton, 25.00a28.00; savoy, bushel, 76a1.00; carrots, 100, 7.00a8.00; cauli- flower, crate, 2.50a2.75: celery, crate, 2.50a3.35; cucumbers, hamper. 4.00a 7.00; eggplants, 3.00a6.5 lettuce, 1.75a2.50; onions, 100 pounds, oysterplants, 100, 8.00a10.00; basket, 75a90; peas, hamper, 3.00a4.50; peppers, crate, 3.00a5.50; spinach, bushel, 1.50a1.75; squash, crate, 3.50a4.00; tomatoes, crate, 3.00a | 5.00; turnips, basket, 50a85. Apples, packed, barrel, 3.50a7.50;| bushel, 1.00a grapefruit. box, 2.00a 3.25: oranges, box, 3.00a4.50; straw- | berries, quart, 40a30. Selling Prices%at Noon. Wheat—No. 2 red Winter, spot, ex- port, no quotations: No. 2 red Wint spot. domestic, 1.95% nominal; No. red Winter, garlicky, domestic, 1.98% nominal; No. 3 red Winter, no quo- tations. Sales—None Corn—Cob, new, per barrel; parsnips, vellow, spot, 6.50a track corn, vellow, . 6712: No. 3, 6615, 1.40a1.50; No. 2 rye, spot, 1.61% HAay—Receipts, 24 tons. Receipts of good hay of both timothy and light clover mixed are light, and prices are well sustained under a fairly good demand. Low grades, inferior and!| damaged hay has no settled market value and is dull. Quotations today—No. 2 timothy, 0.50a21.50; No. 3 timothy, 17.00219.00 0. 1 light clover, mixed, 19.50a20.00: 2 clover, mixed, 17.00a18.00. Straw—No. 1 wheat, 16.00a ton; No. 1 oat, 16.00a17.00; 18.00a19.00. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon.—, Bid. | Offer. 1073 10217 10014 1026 0 per No. 1 Sugar s 183 Amer. Tel. & Tel. 63 Anaconda Copper s 19291 Anglo American Oil Tizs 192 Associated Oil 6s 1935 Ralto. & Ohio_8s 1920 Rell Tel. of Canada 5s Central of Georgia 6s 1820 ... Cent. Leather 5s, April 15, 1925, Chi.. Mil. & St. Paul 6s 1934 Chi.! R. T & Pacific 5% 1 City of Lyons 65 1984.. .. Columbia Gas & EI. Ist 33’} Continental Gas & Elec 08 1 Du Pont 7348 1931...2... Federal Sugar Ref, 65 1933. Federated Metals 7s 1039, Goodyear T. & R. 85 1931 Great Northern 7s 1836. Gulf Oll Corp. of Pa. 515 19: Humble Oil 5l3s 1982 Lehigh Pow. Sec. Corp. M. St. P. & §. S. M. 8} Morris & Co. 7%% 1830. . ... New York Central 6s 1833 Oregon Short Line 45 1929 Pennsylvania R. R. 7s 1930 Pure Ol 5%s, August, 1825. Rwift & Co. 5s 1632.7... Tidewater Oil 8ics 1931 Union Tank Car 7s 1830. U. 5. Rubber T3%s Western Union 8% y Westinghouss E. & M. 1078 1081 Fisher Body Corp. 6a 1927 called for pay- ment Feb. 1. 1935, at 1011 Fisher Body Corp 6s 1928 called for pay- ment Feb, 1, 1925, at 1 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks geld value, today. London, pound ..........$4.8665 $4.77% Montreal, dollar . T Paris, franc . Brussels, franc Berlin, mark Rome.,’ lira Zurich, frane Athens, drachm: Madrid, peseta Vienna, crown . Budapest, crown Prague, crown . Warsaw, sloty CHEVY CHASE BANK - PRESIDENT RESIGNS Edward H. Jones to Devote Time to Real Estate—Other Financial Notes. BY CHAS. P. SHAEFFER. Edward H. Jones, president of the Chevy Chase Savings Bank since its organization. has tendered his resig- nation to the board of directors effective March 9, and will henceforth devote his entire efforts to the realty field of this suburban distrfct. His successor will not be named until the board meets on March 9, it was said The Chevy Chase Savings Bank was organized about three vears ago and was only recently placed on a divi- dend basis. Tts total resources ap- proximate $425,000. Mr. Jones has already broken ground at Connecticut avenue near Morri- son street, which will house his new headquarters. Soon to Vote on Stock Issue. Stockholders of the Lincoln National Bank will vote on the proposed stock dividend of 3315 per cent on March 10, between 1 and 2 o'clock. Officers and directors of the insti- tution state in a circular letter fo shareholders that upon investigation and after careful thought and con- sideration, it is believed the increased capital will be beneficial in caring for the bank's increasing and con stantly widening business, in addition to compensating holders of the shares. When the board's resolution adopted (and it is a certainty it will be) the capital stock of the Lineoln will be increased to $400,000, its sur- plus will remain at $300,000 and $100,000 will be taken from the un divided profits and given 1o the stockbolders in the form of a stock dividend in the ratio of one share for each three shares owned. This will still leave undivided profits of approximately $150,000. Two-thirds of the votes of stock holders are necessary to pass favor- ably upon the resolution. Local Banks to Remain Open. The principal financial markets o the country, including the Washing ton Stock Exchange, will not func tion tomorrow on account of Lir coln’s birthday. All local banks, how ever, will be onen for business, this day not being 2 legal holiday in t District of Columbia. Bradstreet's reports a sag in building during January, expend tures reported at 163 cities in 1 United States amounting to $211.465 883, compared with $246.888.482 December and $218,7 2 in Januar of last year. Directors Elected for Year. Stockholders of the Internation: Finance Corporation have re-elected the following directors for the ensi ing year: Charles A. Douglas, L. Whi ing Estes, Ernest E. Herrell, B. 1 Hinton, A. C. Lampe, F. W. MacXke zie, Charles M. Pepper, E. L. Sto Walter R. Tuckerman and John Waller. Directors will meet next for purposes of organization Trading on Local Board. Trading on the Washington S Exchange moved inauspiciously tod following the strong trend prevale for several months. Lanston Monc type enjoyed a fractional gain to 7% later easing off the minimum rans while Mergenthaler was unchanged a 170%z. Railway preferred was acti at 811, and Natlonal Mortgage an Investment, preferred, again sold = 9%. A hundred shares of Colum Title Insurance sold at 8. On the bond side of Railway 4s gained % changing hands at 79%. Potomac Electric consolidated 55 netted slight gain on the day to 93%, while Gas 68 sold at 102 in small denomina- Mond» the marke point, $3,000 { tions. 190 Bank On the unlisted department, shares of Citizens Savings stock sold at 13. |PENNSY FILES NOTICE OF NEW FINANCING No Funds Needed Now, But Di- rectors Seek Wider Powers. By the Associated Press. PHILADELPHIA, The directors of the Pennsylvania Railroad Company today authorized the publication of required 60 days notice that at the annual meeting of stockholders on April 14 authority would be requested to increase the company’s indebtedness. The last occasion on which the di rectors requested authorization to in crease the company's indebtedness. an announcement by the board stated, was in 1921, when $100,000,000 was authorized That sum, the announcement said. has since been practically exhausted in the ordinary conduct of the com- pany's business. The new authoriza- tion will therefore be requested in order that the directors may be in a position to meet necessary require- ments as they arise, it was stated No immediate financing is in pros pect, however, and the request for additional authorization at this time is for the purpose of giving the directors necessary latitude of action in handling the .company's require: ments from time to time. February 1 CHICAGO LIVE STOCK MARKET CHICAGO, February 11 (United States Department of Agriculture).— Hogs—Receipts. 33,000 head; slow: unvenly 5 to 15 lower; kinds aver- aging 180 poynds downward in nar- row demand; top, 11. bulk de- sirable 200 to 300 pound average 10.95a11.30; most good and cholce 170 to 190 pound weight, 10.70210.95; few sales of pigs and light lights, weak to 25 lower; 140 to 150 pound kind, 9.5010.10; pigs mostly 9.00 downward; few packing sows, 10.20a10.40; heavy- weight hogs, 10.75a11.35. Cattle—Receipts, 12,000 head; very little done on fed steers; bidding un evenly lower; few early sales weak to 25 under yesterday's decline; ship ping demand narrow; good beef trade in congested condition: local hang rails burdened; some fat steers being taken off market; best weighty steers early at 10.65; few loads, 9.50a 10.00; some averaging 1,566 pounds at inside figure; rather meaty short-fed offerings, 7.50 and below: fat cows dull, weak; fairly reliable demand for all grades of light beef heifers mostly 6.00a7.25; several loads, 7.50a 8.00; meaty light vearling heifers up Coprrhagen, crown . Chrriintie, crown . Krupp 5s 1921 Dusseldorf 4s pre- Frankfort a-M 4s pre Munich 4s pre-war Badische Anilin .. A B G (Ger Ge Bi) . Commerz and Privat Bank.... Disconto Gellschaft ,.... Dresdner Bank. Deutsche Bank Darmstaedter Bank Mercer Bank Vienna 3 §e5essuasussusssscss 8 HBERRENINES w0kl S3L2E3ZIBABLUSIN pEERAEREE } NEW WELL COMPLETED. NEW YORK, February 11.—The Barnsdall Corporation has completed its No. 3 well in the Rosecrans fleld, Caiffornia, which s flowing 1,050 barrels of oil daily and. §,000,000 feet of gma Stockholm,” crown, By the Associated Press. NEW YORK, February 11.—Foreign exchanges steady. Quotations (in United States dollars) : Great Britain, demand, 4.7711-16; cables, 4.7715-16; 60-day bills on banks, 4.749-16. France, de- .0536%. Italy, ward to 9.25; lower grades fat cows. canners ;and cutters about steady asking 3.25 for canners; mostly 3.15a 3.25; bulls easy; few weighty bo- lognas upward to 65.00; bulk heavy kind around 4.75a4.85; vealers, higher; spots more; bulk to packers, 12.75 downward; light kind at 11.00; shippers, 12.50a13.50 and better. Sheep—Receipts, 11,000 head; active: fat lambs, 25 to 50 higher; bulk demand, .0414 ; cables, .0414%. Belgium, demand, .0510; cables, .0510%. Ger- many, .2380. Holland, .4021. Norway, .1525. Sweden, .2693. Denmark, .1776. Switzerland, .1929. Spain, .1418. Greece, .0162%. Poland, .19%. Czechoslovakia, 0295%. Jugoslavia, .0164. Austria, (0000143 Rumania, .0051%. Argentine, :3975. Brasil, .1137. Tokio, .39%, Mon- treal, .99 27-33. 17.75a18.00; early top, 18.30; ten cars of choice 88 to 94 pound Colorados. 18.00; good clippers, 14.90; fat sheep dull; steady; bulk fat ewes, 8.75a 9.50; feeding lambs steady; most sales, 17,25a17.50. —e Louisiana’s first labor bank has been opened at Gretna.