Evening Star Newspaper, March 23, 1925, Page 20

FIN MANY YEAR'S LOWS SCORED BY STOCKS Heavy Losses Sustained as| Break Forces Selling in Leading’lssues. BY STUART P. WEST. Special Dispatel fo The Star. NEW YORK, March 23 which came into the stock mar day sufficient to carry many to their low prices of thereby canceling the n selling, ot to- %R down stocks | the recent recovery es prices were under The sclling striking speculative rumerous instanc last wesk's lows. move- some losses the involved t th ment o clement expecting was & two-sided ket with the upward moves confined 1o atacks of the speclaity class. But ing the specialties there Was et the downward tide 16day. Plain eyidence was en of the lack of public confiden TAs been severely shaken by nappenings in the market Baldwin Turns Weak. Faldwin Locomotive started in with an immediate drop of over 3 points ind later on increased the loss. This \ad & damaging effect upon other in- lustrials. American Car and Foundry roke . and American Locomo- tive was weak. Steel common held or a time around 120, but finall vielded to press The pamphlet eport for 1924 was examined with considerable interest. but had no ef- fact upon the market, inasmuch as it 101d nothing new. Other steel shares were very weak, Bethlehem dropping for the first time this yvear below 38 There was little or no support for Re- public Tron and Steel, Gulf States and for Sloss Rail Railway st affected as selling _wave. Tnion Pacific, siderably the n 19 ‘i wAs even no resistan the late ocks Alxo Hit. s were quite as much industrials by the The weakness in which broke to con- lowest it has sold for s especially disconcerting he fact that the margin present $10 dividend is pretty slim. Atchison was off over 10 noints from its top and New York Central almost the same. No efforts were made to hold up Rock Island now that the news in the shepe of the deal with the St. Lo uth- we: was out. Other low-priced rails were actively sold. Texas and Pacific W down nearly 10 points from its recent top, reached just be- fore the disappointing announcement was made that there was to be no dividend at this time. Industrials Join Crash. High-priced industrials crashed downward. Conspicuous among these were Mack Trucks, American Can United States lron Pipe, Associated Dry Goods and Sears-Roebuck, Along with these went other highly sp lative industrials of the type of Sav- age and Worthington Pump. The latter was off nearly 30 points from where it was selling at its top n January. Radio Corporation went through 50 on a flood of stop orders. The oil shares were carrfed down- ward with the rest . The selling on the 'Interborough securitics went on unchecked. The stock dropped below 14 in the after noon, and there was another ba break in the Manhattan Guaranteed None of the other markets ap. proached in interest that of the Stock Iixchange. Wheat was disposed to recover, while cotton was coming down. The foreign exchanges did nothing of consequence. Call money continued to renew at 3': per cent. MAREKET CLOSES WEAK. Declines the Further Recorded in Final Transactions. By the Associated Press NEW YORK, March pric ned decidedly hen selling pressure was gainst the general list popular issues, including States Steel common, Baldwin, New Vork Central and Union Pacific. col- lapsed to their lowest prices of the The declines ranged from 2 to Total sales approximated 00 shares The closing declines took p when many lssués lowest levels of the day. Atlantic Coast Atlantic Refining, Ameri can Can and International. Machine broke 5 to 8 points. 23.—Stock weak today renewed Scores of United tu “was weak. - Iurther e in the final hour, recorfled their Markets at a Glance NEW YORK—Stocks shares at 1925 Tow. Bonds reactionary; break in inter- borough issues unsetties market Foreign exchanges irregular; ster- ling and francs steady Cotton lower; benefi Sugar steady; trad Colfee eusy; lower kets weak; steel 1 rains Texas. buying Brazilian mar- CHICAGO—Wh, able crop advices. Corn weak; disappointing cash de- mand. Cattle steady to higher Hogs irregular; mainly at unfavor- lower STOCK ““BOOM”” MOVE NOW LESS EVIDENT Wall Street Claims to See Effort to Return to More Solid Values. By the Associated Pri NEW YORK. March "he new mar- | which | ANCIAL. [ ' | NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice [ 50 9% 1 1% 83% us 80% 106 16 39 39°% 29 173% 118 | ! Ad Rumley pf (3 |/ur Reduct (15) . | Ajax Rubber. | Alaska Juneau | Allied Chem (4). Allied Cm pf (7) | Allis Chalm (4). Allis Chim pf (7) Am Jigricul Chm Am Ag Chm pf.. Am Bosch Am Can (17). Am Can pf ( n A ( Am Chicle Am Chicle ctfs. . Am Drug (600). Am Express (6). | Am & For Pow. | Am & Fr P pr (7) A Hide & Lea. . Am Hide & L pf. Am lce (7) Am Internutl Am Linseed. ., Am Linsced pf. . Am Loco (i18).. Am Loco pf (7) Am Metal (3)... Am Safty Rz (3) Am Ship & Com. Am £m & Ref (8) AmS& R pf (7). Am Stl Fdys (2). Am Sugar | Am Sugar p/ Am Sumatca, Am Sumstra pf. Am T & Cab (5) AT & Tel (8) m Tobacco (7). Am Tobac B (7) Am Tobac pf (6 | | | { Am-Beet Sug (4) | | | | | | ) Am Wnol pf (7). Am Writ Pap pf. Am Wrt Pap ctf. Am Zine pt. Anaconda (3) Ann Arbor pf. Archer-Danjels Arch-Dan pf (7) Armour of Til A Art Metal (1)... Asso Dry G (5) Asso Ol (13) AtT&SFe (7). At] Birm & At. Atlantic C L (7). ALGUIt & WL At Gulf & WI pt. Atlantic Refin. Austin-Nichols. . Baidwin L (7) Bal & Ohio (5. . Bal & Oh pf (4). ang & Ar (3).. Barnsdall i | Beech Nut (i3). Bethlehem Steel Eeth Stl pf (7). { Betn St pe (8) .. | Booth Fisheries. | Briggs Mfg(215) British Emp 2d. | Bkl Lidison (8) BKl-Man Tran.. ! BKl-Man T pf (6] ‘y Bkl Union G (1). Brow1. Sh pf (7). Bruns-Balk (90c) Buff & Sus(1913) | Burns Bro (10).. | Burns Br B (2) | Bur Add Ma (3). { Bush Term (3).. { Lutte Cop (50¢) . Butte & Su(50c). | Butterick Co. i Caddo Central. . | Cal Packing (). Cal Pete (1%). | Calit Pet pf (1) Callahan Zinc lumet & H 50c ‘anada Sou (5) | Can Pacitic (10). | Case Threshing. {Case Thresh pt. lenl Leather. Cent Leather pf. CRRNJ (112). ryv Rib (2). Cero d Fasco (4) | Certain-Teed. | Certain-T 1st Chand Mot (3).. | Ches & Ohlo (4). | Ches &0 pf(612) Chi & Alton..... Chi & Alton pf.. | Chi & EastI1I... | Chi Great West. 1 Chi Gr West pf.. | ChiMil&StP. .. | Chi Mil & SP pf. | Chi & Nwn (4).. |ChiPneuT (5).. Chi R I & Pas . |CRI& PPt (6). {CRI&P DI (D). Chi Yellow C(4). | Childs Company. “hile Cop (2%). Cluett Peab (5). Coca-Cola (7)... | Colo Fuel & Iron 1o Southern... 524 1G & E (2.60). 55% { Col Carbon (4).. 46% { Com Soiv A (4).. 140 36 29 % 88% 6% Congol-Nrn (3). Consol Cigar.... Con Distributrs. Consol Gas (5).. 764 | Consol Textile 3 Cont Can (4). 62 | Cont Insur (6).. 108w Cont Mot (80c).. 84 Corn Prod (2) 391 Cosden Co...... | Crucible St (4). | Cub Am Sug (3). Cuban Cane Sug. ! Cub Cane Su pf.. | Cuba Dominican { Cuban Dom pf.. | Cuyamel Fr (4). Daniel Boone. .. | Davison Chem.. Del & Hud (9) .. Del L&Wn (17). D& R G Wstpt. | Detroit 15d (8). . | Dupoat (10)..... | Duguesne pt ( Eastman (18) | Eaton Axle. Elec P & Lt pf | Elec St Bat (15) . ! Elk Horn. .. . Eud-John (5) Erie.... | Erte 1st pf 2 Fairbks (2.60).. | Famous P) (8) Famous pf (8).. | Fea Lt & T (17). 110 . High. 50 984 1% 1% 84 1184% 81 122% 87 644 354 2414 64 404 954 109% 5 351 9% 129 40 80 874 38% B8 95' 18% ) 9514 6in 17% 19 14 1024 2015 8% 14% 57% 1467% 30 6314 16% 524 280 43% 47 2% 94 82 S4% Low. Close. | | Homestake (17). 80 9614 10% 1% 82K 118 9 106 14% 564 39% 27 167% 50 97 10% 1% 884 1184 801y 106 15 874 39% 274 | 167% 18 206 124 ! Martin-Pry (4). | Miami Cop (2) { Missouri Pacific. | Pitts Ut ctfs 1 { Roy Duth 4.421% | Rutland pf... .. Open. High. 4w House P (1314). . Houston Oil. Hudson Man Hudson Mot (3). Hupp Mot (1). Tllirois Cent (7). Independ Qil (1) Indian Refining. Inland Sul (2%). Tnland Stl pt Inspiration Cop. Interb Rap Tr. Internat Agr . Int Bus Mac (8). Int Cement (4).. Int Com Eng (2) Internat Har (5) Int Mer Marine. Lt Mar Mar pf.. Int Nickel. int Paper....... Int Pap pl st (6) Int Ry Cent Am. Int Tel & Tel (6) Int Tel & Tel rts Jewel Tea Jewel »f... Jones Lros Teu. Jones & Lau (7). Jordan Mot (3). Kansas & Gulf. Kan City South. < pf(4). Kayser (Julius). Kelly- Kcnnecott 2 Keysione T & R Kresge S S (8 Kresge - Lee Rub & Tire Leligh Val %) Liggett & M(14). Lig & My B (t4). Lima Loco ).. T.oews Inc ... Loug Bell ). Toose-Wiles Loose-W 18t (7). Lorrillard (3)... Y.oulsiana O1l. Louls & Nsh (6). Ludlum (2).. Melntyre (1). ... Mack Treks (8). Mack T 1st (7) Macy HR & Co.. Magma Copper. . Mallinson & Co.. Manati (5)...... Man Bl md(3%). Man Elev gtd. .. Man Shirt (1%). Manila Electric. Maracaibo g Market Street. Market St pf Marland Oil..... Mar-Rock (25¢) . 84 27% 7% 264 3% 12 a1 Mathieson Alka. 61 Maxwell Mot A.. 84l4 Maxwell Mot B.. §3 May Dept St (5). 104 Metro G pf (1.89) I19 Mexican Seabd.. 12% n% % R 3 2414 814 86% 7%% 664 43% Middla States. Midind Pr pf (8) Minn & St Louts. Mis Kan & Tex.. MEK&TDpf(5).. Missouri Pac pf. Mont Power (4), Montzom Ward. Moon Mot (3) | Mother Lode Murray (2.40) Mullins Body. Nat Acme (sta). Nat Riscuit (+4). Nat Biscu pf (7). at Cloak (4) Nat Enamel & Nat Enam pf (7) at Subply (3). avada Copper.. OT &N (7) Y Central (1. NY C&St L (6 { N ¥ Dock. NY NH & Hart NYOn & Wn (1) Norfolk South. Nort & W (18). North Am (3.40} North Pae (5)... Orpheum (1.80 Otis Elevator ( Otis Steel. . Otis Steel pf . Owens Bol (3) Pacific Mail. Pacific Oil (2).. Pac T& T pf (6). Packard (11%). an-Amer (6).. Pan-Amer B (8) Pennsy RR (3). Penn Seab Steel Peoples Gas (8). Pere Marq (4). Phia Co (4). Phia Co pf (3).. Phila& RC &I, Phillip Morris. Phillips Jones. Phillips Pet (2). Plerce-Arrow. . ‘Plerce-Arrow pf Pierce Oil. . Pierce Ol pf. . Plerce Petrol Pitts Coal. Pitts Term Coal. Pitts Ter pf (6). 96 17% 77 T 4% 1% 115% 65 52t a7 43% 144 654 39% 11% 43% 24 834 6% 48% 54 83 13 68 99% o 23 94% 684 11 1354 43% 27% 51% 51 724 124 116 13% T5% 20 36% 30 67 Pitts & West Va. Postum-Cer (4) Press Steel Car. PrStCarpt (7). Prod & Refiners. Pub S Gas pf(6). Pub Ser N J (5). Pub S NJ pf (8). Pullman Co (8). Punta Al Su (5). Pure Oil (1%).. Radio Corp of A. Radlo C pf (31) *RS I Ccfs (4). Ry Stl Spg (8).. Ry St Sp pf (T) Ray Cons Cop. Reading (4) Reading rts Reading Ist (2). Reading 2d (2 Remington Type Replogle St Rep Ir & Steel.. 49 {Rep1&Spt (7). Reynolds Sp (1). Rey Tob B (3).. Rey Tob pf (1) 14% 744 - 120 51% 48 4% 864 €8 25% 42 16% 114 Law. Close. a“ 36% 664 24% 41 164 1134 22% 6% 44% 108 24% 13% 8% 111 b4 851 100% 1% 4“ 35% 664 2 41 1 154 118% 24 % 44k | w0l 11% 414 244 72 184 | 4% s | 24 | 531 110% | 12u | 78 | 59 | 58% | €4 | 24% | | us% ! 123 108 3% | 37 50 338 6 21 35 2644 | T4 26% | 364 12| 30u | 60t | 834 | 51% 102 | 19 | 13 4 na! 14 | 9874 | 1 237 s014 26 76% | | | 815 | 4% | 66t 125% | % | 45 a1 9 | 8 | 146 82 | 135 | 17 | 1ise | 1294 - 20 2 2216 127% | aan o34 | 774 | 8% 45% | 1% 5% | 66 | 4% 654 | 375 %! 4414 | 24 | 814 | &% 48 5474 | 83 18 | 68 | 974 554 85 23% 94 €8 110% 138 4% | 27 49% o1 3 124 16 134 | i 19% 6% 3% 6644 14% 8% 884 18% 8% 120 504 47 jeent fin ! higher. | s, which ran up to par on Both U. S. and Bethlehem Report | | Corporation “and the Bethlehem Steel| Am Chain of 65°32. 1 | demand for steel products and result- | annual 1B H UNITED STATES BONDS. (Sales are Jn $1,600.) Sales. High. Low. 2:50. Lib3%s.... 150 101 16 101 11 10215 Lib1st 4s.. 1 10118 101 18 10118 Lib1st44s 6 10122 10121 101 22 TLib2a4igs. 193 10030 100 28 100 29 Lib 3d 41¢s. 576 101 20 101 17 101 19 Lib4 4 . 166 101 80 10127 101 28 US4s1944. 21 10019 100 19 100 19 US4%s'52. 48 10428 104 27 104 28 FOREIGN. Sales. High. . 3 87 134 963 .85 96% 102% 96% 9% 85% 834 109% 107% 2% 844 B2 964 102% 103% 102% 100% 108 106'% 4 90% 96'a 9814 9914 9915 109% 11n 10115 110 97l 974 100% 100% 8515 9314 914 984 Reactionary Tone in Stocks Is Cause of Selling Over Wide Range of Liens. e Low. Argentine 5s. HUGH Argentine 65 A BY GEORGE T. Special Dispateh 10 The Star., Argentine 6s B NEW YORK, March 23.—Weak- | Argentine 7s. . ness in the locul tractions was again | Austrla 7s the feature of the day in bonds. | Bank of Japan The solling which began on Satur-| Belgium 6s. ... duy in the Interborough obligations| Reigium 61wt cased im volume, with losses! Belgium 7% amounting at one time to between | Relgium & 4 and 5 points. The decline was{ Bolivia 8 sharpest in the Interborough 6 per| Bordeaux fs. notes, the position of which 18 ( Brasll7s.. msot speculative of all the com- ! Brazil 8s obligations. There was 180 | Canada 68 1931, in the refunding 5K { Canada 5 1932, stamped and unstamped, which are| cangda 51¢s 1929.. the best secured of all the corpori-|chila7s 1943, tion's bonds Chile Sa 1941, 'hile 88 1346.. ., Chinese Gov Ry 68 the pany's lquidation nthetic Declines. c declines were recorded | Manhattan_Transit 6s, [ 20D Pow Japan 7s. 2 points. There was no|(Menhugen s for the weakness here, |Tubaitis .. . n company | 7Z4cho Rs 1951, ngs, | “recho ta 19 Va | DAnish Munic fs { Danish Munic 8s B Denmark 68 Danniark 8s. .. DEI5%8 Mch '53. DET5%s Nov'63. Dutch East T 68 '47 | Duteh Kast 1 68’62 Finland s f 6+ 45 Framerican 1rench Ts. French 7i4s. French 8= | German 7s. Sym Sympath in Brooklyn down nearly good excuse as the Brooklyn Manhat veports steady increases in earn Outside New York, Chicago Railw s were weak and down & poini. T only resistance to the selling wave in the traction list was found in the{ Hudson Manhattan incomes. g Other speculative bonds wer: weak, ymputhy with stocks. New York Central convertible §s mads a new low for the year. Pan-American 82 were the weakest of the oils, although Sinclair 6s likewise broke a poin: or more. Liberties were irregular, but most of the day prices were a whade it inquiry was reported from fAramotal iastitutions for short-term high coupon rate bonds selling z} l’ ample belng Iilinois Cen- | Holland-Amer 6s. Virginian Railway | Huneary 8143 single sale.l Japanese 4s. . Wweek, were down 2 Points from { Japanese 614s. ... {hat prlce’ today. #1 Jersens U M 6a 47 “In the foreign group. the French % railway Issues were all heavy, but were confined to fractions. slovak §s went lower, but City Greater Prague 7%s railied s premium, ex; tral secured 6s. Marsetlle 6s... ... Mexico 4s 04 asnt. Méntevideo 7s. therlanas 2 2ds 672, Day's New Offerings. \2:::{ :: ll:n. The principal new Issues Were | Goioalgsygze $5,000,000 Bdgewater Beach Hotel!\orywyy gy Serial 6s to yield from 5 to 6 per cent | oriont Dev deb 6. and $1,740.000 City and County of | pgris.y's.3ed 65 Denver School; District 425, to yield | paria Cy'e ded 4.10 per cent. el pa COMPANIES SLUMP losses Caec of sligh Prague Ti4s Queensiand Riode Jan §s 1946, Riode Jan §s 1947. Rio Gr.Do Sul 8s.. Sao Paulo City $». Sao Paulo State 85 | Qeine Dept of Ta... | Berbs Crot Slo 85 z Sweden 515 ct Drop in Year Due to Shrink- | Swies i Swiss Conted 8 age in Orders. TG - | Ud Kingm 515 | Ud Kingm 523737 By the Associated Press | "NEW YORK, March 23.-Earnings] MISGELLANEOUS. of the country’s two largest steel| aAjax Rubberss... 27 $9 companies—ihe United States Steel| Am Ag- Chem 7143 16 97% 673 9 931 6 1013 1011 1144 1144 6% 6% 116% 116 T 106' 108% 081y 964 oTY 2314 964 96% 102 10! 97 102 85t 10215 127 1004 1014 Corporation—were reduced last year | Am Repub dsb 6s.. by the severe midyear shrinkage iniAmSmit & R 1st 5s e Am Sug ref 68 ant price revisions, according to the|Am T & Tclt reports Jjust forwarded to[AmT& Telt stockholders. {AmT&Tst5s Total carnings of the United States | Am T & T deb 5 Steel Corporation, after making thel AmT& Tcv 6s usual vear-end readjustments. were | Anaconda lat 6 $161.183.467, a decrease of $26,770.199 | Anaconda cv db from the preceding year, Chalrman ] Andes 7s 237 pd. sary announced. | Armour & Co 4145, Net income of the Bethlshem Steel| Armour Del 5% Corporation declined $5.457.971 to ! Atlantic Refin $5,916,181 for 1924, Charles M. Schwab, | Ball Tel Pa 8. chairman of the company, reported to ! Beth Steel pm 5 stockholders. The omission of com- | Beth Steel rf 3¢ mon dividends enabled the gorpora- | Beth Steel 5 tion to close the year with a surplus: Beth Steels {6 of $2,368,027, which exceeded that of | Brier H St 1st5 1923 The total value of shipments ! Bklyn Ed gen bs and deliveries was $243,904,263, com- | Calif Pete 648, pared with § 13422 for the pre- | Chile Copper 6s. ceding year. | Col Gas & EI 55 x5 St Col Gs & 31 55 sta. ASPARAGUS PRICES UP. | con iy iives NEW YORK, March 23 (Special).— | onsumers Pow 5s Approximately 300,000 bunches ~of Cuba Canecvd$s. iresh asparagus were received today | Cuba Canecvls... from Californ eorgin and South Cuban Am Sus §s. Carolina. California stock wholesaled | Denver Gas §s. at $5.50 to $10 per dozen bunches, | Det Edison ref seorgias from $5 to $7 and South | Donner Steel linae_from 35 to Du Pont ds N 71 Dua L&P 54549, Duquesne Light 7 44y | Est Cuba Sug 7148, Texas Gulf (7).. 107% | Empire G&F 7% Tex & Pacific. 1% | Fisk Rubber 83 Tex & Pac C & O 5 Tide Wat Oil (4) 130% Third Avenue... 9% Timken (13%).. 38% Tobac Prod (§).. 744 Tobe Prd A (T).. # Transcont Oil. 4% Transu & W (2). 27 Underwood (3). 38% Union Oil c % Union O1 (1. 38 Un Pacific (10).. 143% Un Pacific pf (4) 74% Un Tank Car (6) 126 Utd Alloy Steel. 274 Utd Cigar (13%) 67w United Drug (6) 116% Utd Drug 1st 3% 62% Utd Ry Inves pf. 48% U S Cast Iron P. 186 SCIPpf (7). 103 U S Distributing 82% USHoff 2).... 24 U 81nd Alcohol. 79 U S Realty (8).. 118 U § Rubber. 36% U S Rub 1st 95 T SSmelting.... 34% U S Steel (17)... 120 U 8 Steel pf (7). 122% Universal Pipe.. 3§ Univer P pt (7). 79 Utah Copper (4) 84% Utah Securities. 67l 264 Vanaarum. . va-Caro Chem.. 24 ) @ uwnlanpmnBiavana ausnsian ol l - E3 S 454 10814 Tennessee Cop. . s Texus Co (3) Goodyear 3s . Goodyear 8s 1941., Hershey 6s 1942, Humble O&R 5%s. Iilinois Bell 18t 53, linols Steel 4%s. Int Mer Marine 6s. Inter Paper bs '47. © HORNW©BOn ~ ly-Spring rstone Tele Laclede G 3148 Liggett & Myrs 5 Liggett & Myrs 7 Lorillard (P) 5 | Lorijlard (P)7s | Loutsv G & E 58 52 Marland Oil 88 w Mid-Con 6%s, 40, Midvale Stael bs. Mor's&Co 18t 41 New Eng Tel G N Y Ed 58 ‘44 wi N Y Eden1st 674 NYG EL H&P § NY Teldls N Y Tel 68’41 North Am EQ 6. North Am Ed 6i¢s. Nor Ohfo T&L 6s. . Nor States Pow 5s. Otis Steel 74 Otis Steel 88 Pacific Gas & El 58 Pac T& T 1st b8 2ty EOTT 13 © - > Svowtlunonto~an~ae . Low. Ann Arbor ¢s Atchison gen Atlantic C L 18 Atlantic C Licl 4 AtlantioC L s B& O gold 48 B&Ocy4élia B&Oref §s B&O1stbsct. 6415 89% 02 B6% 1064 88% 917 88% 100% 103% Bklyn-Manhat 6s. Buff R & Pitt 4%s. Canad North 6%3s. Canad North 7s. Canad Pacdeb 4s.. CentofGa 5 Cent of Ga.6s. .. Ches & O cv 4158 Ches &0 gn 41es.. Ches & O cv bs. Chi & Alton 3'4s Chi B&Q gn 4 Chi B&Q st rt§ CB&Q-TI31 Chi GreatWest 4s. 43 CM & Puget Sd 4s. 16 28 C &N W gends. Chi RysBa........ ChiRT& P gn 4s.. ChiRT& Prf4s.. ChTH&SESs.. Chi Un Sta 8155, . Chi& W Ind cn 4s. CCC &St CCC&StL C&S1st 4s Colo & Sou 4% CubaR R bs Del & Hd 1st rf 4s. Del Hud cv 58 '35. . Den & Rio G en 4s. D & Rio G imp 5s.. D & Rlo G Wst 5s. Det United 4'2e... Erie 1st cons 4s. Erie gen 4s . Erieconvds A.. Erie convds D. - Gr Trunk sf db 6s. Grand Trunk s Great North is. . Gr North s Gr North gen 7s. Havana ERL&P Hud & Man ref 5s. Hud & Man aj6s. . 11 Central 515s. 111 C-C St L&NO 58 Int Rap Tran s... Int Rap Tr §s stpa 5 Int Rap Tran 6s. .. Int Rap Tran 7s... Int & G Nor 1st 6s. Int &G Norajés.. Towa Cent 1st §s [ Kan City Ft 8 4s Kansas City 8 3s. Kansas City S 5s. . Kan Cy Term 4s... Lake Shore 4s°31.. 0 Louis & Nash Manhat o cn 4s. . Man Ry 2d 45 2018 Market St Ry Mil E1 Ry & L& M StP & SEM cn 4s MK &T 1t 4s MK&T4cB MK &Tadiss.... MK&Tprinss A MK&T6sC 8 Mo Pacific zen 4s.. Mo Pacific 58 Mo Pacific 8 Montr] Tm 1st 5 Nassau E Ry 4837 New Or Term 4s... O Tex & M in 5s OTex&MosB.. OT&M5Y% 1 Y Cent deb 4s Y Centribs. Y Cent deb 6s YChi&StL5 ew Hav d 4s'57 New Havcd 6s ew Haven s ew Haven Ts fr. . Y Ry ¥ 48 ctfs. .. Y W & Bos 4lec Norfolk & W cv Northern Pac 3 Northern Pac 4 e @ Be 1o . Pena a20-880808nenaSl-fanamSa-Ruafcnloaal coxllen @ 0 Northern Pacr 1 6s Ore Short Lref 4s. Ore-Wash 1st rf 4s Pennsyl con 413s. . Pennsyl gen 413s. . Pennsyl gen 5s.... Pennsyl 5s 64 Pennsyl 64 . Penn: gold 7s... Pere Marq 1st 5s Por RL& P 6s'47. Reading gen 4%33. Rio G West st 4s. RIATk&L4 St LIM&S 48'29... 12 StL&SFpl4sA.. ? St L&SFprinss. StL&3F 5%sD.. St L&S F adj 63 StL&SFinc6s..1 StL&SFplésC.. StLS W con 4s°'32 2 St P& KCShL 4%s St P Un Dep 58 Seab'd A Liref 4s. 8eab'd A Ladi Seab’d A L con 6s.. Sou Pacific 4329, . Sou Pacificclt 4s. . Sou Pacific ref 4s.. Southern Ry gn 4s. Southern Ry st 53 Southern Ry 6s ct. Southern Ry 6%s. Sou Ry Mobile 4s. . Term Asso St L 4s. Texas & Pac 1st os Third Ave ref 4s.., Third Ave adj 5s Toledo Trac6s. ... Unlon Pac 1st 1T 4s Union Pac " 4s '27,. Union Pac cv 83 Virginia Ry 1st 53. 11 98 VaRv&PIstbs.. 1 95 rabash 1st5s.... 2 100% Washash 5%, '75.. 32° 9644 ool & LEcnds. 5 734 Wilkes BEE 15t 5s 1 648 Wisconsin Cent 4s, 1 801 v von BONDS moormemr] Received by Private Wire Direct to The Star Office. 4% 89% 92 86% 106'5 88% 91% 8834 100% 108% 102 88Y% 85'% 118% 118% 9 101 103% 967 88% 103% b4l 20% 4 101% DAIRY PRODUCTS. 83% 92% 761 62 41 4% 46% 21t [4ay’s finish, and failed to show 103% 106% 1065 591, "l alive, higher s, 48} FINANCIAL. MATERIAL ADVANGE IN WHEAT MARKET Expected Larger Export De- manu Partly Offset by Better Crop Outlook. By the Associated Pre CHICAGO, March 23 —Owing largely to an unexpected decrease of the amount of wheat on wheat passage, | wheat prices here scored a material advance today during the early deal- ings. The falling off in the aggregate of wheat afloat for Europe was 3,800,- 000 bushels. as compared with a week ago. On the other hand. word that rains in Texas had broken the drought over a big section of the State tended at times to bring about considerable selling pressure on July and Septem- ber deliveries of wheat, rapresenting {the new domestic crop. Initial prices, | which varied from the same as Sa urday's finish to 1% higher, May, 1.6 |to 1.691;, ana July, 1.45%. were fol- |lowed by upturns all around. inter- jrupted by briaf transient setbacks, but with May reaching 1 1 Corn and oats were relati |Shipping demand for corn ren slow. After opening unchanged to higher, May, 1.17% to 1.17%, the {market receded to well belo 1great power to rally. Oats started at ' May, 40% to 45 ter the market kept mostly at a fractional decline. Provisions lacked aggressive sup- port of buyers WHEAT- May | July off to i up. September | 0ATS May July Septemiver July -....o September LARD- May July | HIBS— | May | July \COTTON SELLS OFF IN TRADING TODAY Reports of Rains in Texas and Poor Cables Make Quota- tions Weak. | By the Associated Press ! NEW YORK. March ~Heavy ! general selling occurred at the open- | ing of the cotton market today owing | {to reports of rains in southwest | | Texas and relative'y easy Liverpool | eables In addition to licuidation of iold iong accounts there appeared be considerable pressure from south- rn and local so es. After opening easy at a decline of 20 t» 48 points, active months soon showed net losses of 30 to 49 points. | Mav selling off to 1 and October { to 21.88. The dec’'ine uncovered a | good many resting orders to buy for trade account and this, with covering i by recent sellers, checked the break | {and orices rallied 10 or 15 points from the lowest by the end of the first| hour. ‘ i New Orlean Values. { NEW ORLEANS, March The | cotton market opened active and | easier owing to much easier Liverpool | cables than due, and good showers lalong the Texas and Gulf coast gen- | erally. First trades showed losses of 125 to 34 points, and prices continued to ease off after the call until May ! traded as low 23, July at 25.47 and October at 24.52 or 37 to 48 points {below the previous close. New crop | months showed the greater weakness. | Private advices reported fair rains in the Rio Grande valley, but west! and central Texas fair and cold. The market was steadier at the end of the | first half hour of trading. | | FUEL'S EARNINGS DECLINE. | NEW YORK. March 23.—Colorado Fuel and Iron Co. earned $1.05 a Ishare on the common stock in 1924,] after preferred dividend, compared | {with $1.67 a share in 1 3. Net in-1{ |come declined to $520.285 from | 029 the year before. Gross earnis |increased to $39,297.320 from $38,658, 1579, Operating expenses were about | |$1,000,000 more than the vear before. | _— LIVE POULTRY HIGHER. CHICAGO, 23.—Poultry Springs, 30 23; ducks, 28; March roosters, geese, 15. WOOL OUTLOOK BETTER. BOSTON, March 23 (Special).—| | While prices for raw wool were prac- tically unchanged at the beginning of the week, dealers are expecting | | greater activity before long. Worsted ! mills are displaying more interest in | the market and should be active pur- | chasers soon in view of the fair {amount of business being done in| | both men's and women's wear. { GRAIN AND PROVISIONS. cial).—Potatoes, per 100 pounds, 1.00 p sweet potatoes, -barrel, 2.50a yams, barrel, 2.50a5.00: aspara- gus, dozen, 5.00a12.00; beans, ham- per, 5.00a7.00; bects, crate, 1.5022.25 Brussels sprouts, quart, 10a20; cab- bage, ton, 8.00a12.00; kale, barrel, 30a 1.00; carrots, bushel, 1.50al cauli- flower, crate. 1.7582.75; celery, 5; cucumbers, crate, 4. ts, crate, 2.5028.00; Iattuce, 1.00a3.00;" onions, 100 pounds, oyster plants, 100, 6.00a8.00; | parsnips. basket, 25a35; peas, hamper, 2.00a3.005 peppers, crate. 3:50a7.00: radishes, hamper, 150a2.50; spinach, a 6.00; {callable at | $1.500,000.000, approximately o to i BALTIMORE, Md., March 23 (Spe- HGES 0 SET T LNITON LD SUE ! Affairs in Bank Consolidation Being Adjusted—Other Financial Notes. BY CHAS. P. SHAFE A circular letter to stockt orthwest Bank chased the savings instit a time limit on their ; pose of the a share, the p terest It is expected will unanimous the opport is very ger the stock Wwhich would entail no inconstderable control is foroed to re tion of the bank’s affa secure the outstandf id price these branct i Hogkinso, RIigRSs person offices stitution have gone over of the Northwest and have fc affairs in m remembered t} TE Savage as vear: xcellent shape t when sumed the presidenc. | its condition was none too good It was indi meetin to cons ed at Riggs toda of the board wil der Mr. Savage's he be released presidency as soon as posaible New Land Bank Issu A new issue of §6,000,000 of « Joint farm loan week at : and more than 4.30 per cer 435 per cent thereafter will involve refunding of part 5 per cent bonds of the Chicag Stock Land Bank, par. The new offering is the first refur ing operation of any joint stock la bank into a lower coupon rate. Tota assets of 1 ederal Farm Loa em now aggregate more I ot ented stem Stock L ot s o Joir of this amount I a joint stock land bank which the Chicago Joint Bank is the largest Germans Saving Monesy. German newspapers point with p the statement of the Wurt Provincial Savings Bank as showine the return to bit of saving Germany since ization of mark. The deposits of this institut i beginning of 0,000 marks ceded 4,000,000 at the end of the ves The posits increased sin taneoy from 300,000 marks at beginning of th more 16.000.000 at i It is furth 20,000,000 mark of all kinds reported by tion at the end of 1924 with 240,000,000 1914 repre at the ed to onl in Lecture on Banking Systems. “Systems of Banking” will topic of the week’s initial le the local chapter, Am an Instit of Banking. tonight J. Donoi will discuss this topic I standard banking class James C. Duli of the chapter, h Alumni Aesocia night at § o'clock Trading on Local Board. rading on the Washington & Exchange was quiet toda paucity of transactions indicating i pronounced trend Lanston Monotype sold at § 821, and some odd shar preferred brought §1% Mortgage and Investment was in good demand at 9: Sales of $500 Washington general 6s at 101% and a like an of Gas 6s at 104 were the only on the investment side of the m past lled together 1 for tomor: presid Rallw SHORT-TERM SECURITIES merican Te! Avaconda Copp Anglo-American 0il Central of Ge Cent. Leather Chi., Mil. & 8 Cni.) R. I.'& Paci ity of Lyons s 1 Columbia Gas & Ei Continental Gas & Du Pont 714s 1931 Goodyear T. & R Great Northera Gulf 0i1 Corp. of Pa Humble Ofl 53Gs 1632 Tanigh Pow. Sec. Corp. 6s 1% M. St P. &8 S M 8 1031 Morris_ & Co. 738 1930, New York Central Gx 1935 Oregon Short Line 4s 1925 Peona. R R. 78 1850, Pure Oil 3%s. Auu: Swift & Co. 5u 19 Tidewats: Oil 6 on Tank ( §. Rubber S5ipe 1625, s 1930 Westioghouse E. Fisier Body Corp. at 10115, Bods Corp. 6s 1 at 102, peseta erown . crown crown . BALTIMORE, ‘Md., March 23 (Spe- cial).—Live poultry—Young chickens, pound, 25a35; Leghorns, 25a30; Win- ter chickens, 40845; old hens, 23a28; Leghorns, 23a24; old roosters, 1 capons, 36a42; young turkeys, 40a4 old, 35; poor and crooked breasts, 23: Qucks, 25a35; geese, 23a26: plgrons, | pair, 40; guinea fowl, each, 50a1.00. Dressed poultry, turkeys, pound, 35 a45; poor and crooked breasts, 2 chickens, 28a33; old roosters, 1 ducks, 30a35; geesc, 20a25; capons, 33a45. Eggs—Receipts, 840 cases: native and nearby firsts, dozen, .30; duck | eggs, dozen, 48a50; goose eggs, dozen, 85a1.00. Butter—Good to fancy, pound, 45a5 prints, 51a53; ladles, 2930; store chk"rcspen, my, m“ packed, 23; dairy prints, 23a28; rolls, Wilson & Co. ... 09% ! 33428; process butter, 31a32. Wison& Copf. 82 83 ik o R T Wilson ctfs. 28 28 i ; Willys-Overind. 12w 2% 1% FOOD EXPORTS INCREASE. Wills-Over pt. .. 85% g 4 Woolworth (3)." 116% 115% 118" iras S o b Worthington... 524 53% 48 4914 —Exports of foodStuffs last week a;:‘.-'\:\.l;:(;g&l)s 1;‘ :g“ T ghowed an increase ‘compared with WHghtAsra () 18 10T 1en T the previous week. according to fig- *0dd lots. ures of the custom house. Grain tPartly extra, $Payable in preferred stock. exports ‘were 485.323 bushels, includ- Dividend rates ‘as” given In the above table ing 318,894 of wheat, 111,429 of rye and 55.000 of barley. Flour exports were 109,051 barrels, 87,980 on- uc- are the annual cash pasments based on the lgtest “quarterly or half yeurly ‘declarations. oount of the Boviet government of Russta. E E St Joseph 14 (2) St L & San F (5) StL SunF pf (8) . St L Southwest. StLSwn pf (5). Savage Arms. Schulte (*8). Schulte pt (8) . Seaboard Air L. Seabd Alr Lpf. . Sears-Roebk (6) Shattuck-Ariz. Shell Un (1.40) Simmons Co (2). Simms Pet (50¢) ! Sinclair O1Y. . Sinclair pf (8). Skelly Ofl...... Sloss-Sheft (8) South Pac (6) Sounthern Ry () South Ry pf (6). Spicer M{g..v.o. Sta Gas & El (3) Std Gas & Bl pf. St 0il Calif (2) StOINJT)... StOHINJ pt (. Sta Plate Glass. Sterling Pr (161 Stew wWarnr (8) . Stromberg (8) .. Studebaker (4). H Submarine Boat. Superior Oll. ... Superior Stl (3). Symington. ... Symington A (2) 4% 67% 81 4% 0% T6% 109 us Pac T & T 5362 Pan-Amer Pete 6 Phila Co E%s 38, Phila Co ref 68 A Pierce-Arrow 8s. rvice Bs.. Federal Mines. .. Fed Mines pt (T) Fid Phoenix (). Fisher Body (5). Fish Bd O pf (8). Fisk Rubber. Fisk R 1st (1) Fleischmann (4) o7 | Foundation (8). 1004 Foundation rts.. 1 Freeport-Texas. 12% 18% 46 48 sloty ... v on, crown Christlania,’ crown . Stockbolm, crowa week in the stock market is expect- | ed to show continuance of readjust ments of quotations in conformity with actual trade prospects, the pre- vailing desire, it is said, being a re- turn to the basis of solid value soon as possible. The recent “buom tendency which ~was based on pro- lific talk of big developments in in- dustry apparently has given way to a more conservative attitude. The opinion prevails, however, that the future holds promise of normal busi- ness prosperity. GENERAL MOTORS’ NET 1924 INCOME DECLINES By the Associated Press NEW YORK, March eneral Motors come for 1921 declined to $45 bushel, 50a75; squash, crate, 5.00a5:50; tomatoes, crate, 2.3086.50; turntps, basket, 50a85. Apples—Packed, barrel, bushel, 1.00a2.25; grapefruit, box. 1.75a 2.75; oranges, box, 5.008.50; straw- berries, quart, 25a50. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, exe port, no quotations: No. 2 red Winter, spot, domestic, 1.80%; No. 2 red Win- | ter, ‘garlicky, domestic, 1:80%; No. 8 red Winter, no quotations. Sales—None. £ Corn—Cob, new. vellow, spot, 6.75a 7.00 per barrel; track corn, yellow, 69 kkd 10% 25% 65% va Ry & Power. Vivadou. 2 wabash. ... Wabash pf Ac Wwabash pf B.... 44 Waldorf (14).. 184 ward Baking A. 118 wWard Baking B. 389% ward Bak pf (1) 984 Weber (4) . . 514 West Pén (4)... 117 West Maryland. 134 Western Pacific. 40% West Pac pt (6). 89% ‘West Union (7). 118% ‘West Air BF (8). 102 Westinghse (4). 68% Wheel & L Brie. 13 ‘White Eagle (2) 37 White Mot (4).. 60% 53% 166 618 103% 11% 9% 71 81 3.60a7.50; GERMAN BONDS AND STOCKS (Quoted 1a_doiiurs per mitlion marks ) Ger Gt (war loan) 0s 101418 1700 60 133000 | Hamburg 43as 1019, 350,00 Ger Gt 4-3s (forced loan) 1,00 (Quoted 1n doilars per th Ger Gen Fiec 4148 pre war Gen Elec 4145 1919 lin 4% pre-war... Flambg 36. 8148 & 45 pre-war Hamburg Amer Line 4la8.... North German Llovd 4125.... North German L Prussisn Consols 3%z Krupp 3s 1921 2 Dusseldorf u pre-war. Frankfort a-M dx pre Monich 48 pee Badische Anil AEG (Ger Ge Eis K Commers aod Privat Bank Disconto Gellshaft Dresdner Baok . Tentsche Bank Darmataedter Morcur Bank Vienna. Pub Serv Elee Punta Alegre 7s.. Saks & Coef 78.... Snaron Stl H 8s Sinclair Ol 68. Sinclalr OIl 63 Sinclair Oil Ts Sin COP L6s 28 Sin Pipe Line 5s... Skelly Oil 6 JsL South Bell Te [ Southwest Bell §: Stand G & Bl 8% Tenn Elec Po Tide Wat Ol 23 149 5% 33 19% Gardner Motor. . Gen Am Tnk (3) Gen Asphalt. ... Gen Baking (6). Gen Clgar (8)... Gen Electric (8) Gen El spl (60¢). Gen Motors (6) Gen Mot pf (7). Gen Petrol (2).. Gimbel Bros. Ginter Co (1%) . Glidden Co. Gold Dust. Goodrich | Goodyear pf (7) Granby Consol. . Grt North pf (5) Grt Nor Ore (4) » Grt Watn Su (%), Greene Canan. Guif Mo & Nor.. 1 Gu M & N pf(6). Gulf St Steel (5) Hartman (2%).. Hayes Wheel (3) 95 95 260% 256% 1% 114 70% 106 105% 519 - 48% 50% 49% 28% 27% 14% 19% 39 88 . 51 49% 93% 93 18 15% 65 63% 35 38% 95 13% 25% 90 2 234 32 102 69 13 27 60% 84 asked; No. 3, §5 85 < 18 45 51 0% Rye—Nearby, spot, 1.20. Hay—Recelpts 43 “tons. The local hay market Is very quiet, with an ample supply, of all grades and kinds on hand to satisfy the limited de- mand prevailing. The competition of truck receipts from nearby country points is making itsélf severely felt. Quotations today: No. 1, 19.00820.00; No. 2 timothy, 19.00a19.. No. 3 tim- othy, 16.00a17.50: No. 1 Iight clover mixed. 1800a18.50; No. 1 clover mixed. 17.50a18.00; No. 2 clover mixed, 16.00a 17.00. g bt Straw—No. 1 wheat, 15.50216.00 per | 4 ton; No. 1 oat, 15.50a16.00; No. 1 straight rye, 18.00a19, 1.10a1.20; No. 2 rye, 23.—The Gen- rporation’s met in- vailable for dividends, n comparison annual aggregat- in_contrast to $698,- report reveals. cd $568,007,459 038,947 the year before. In computing net fncome, cash dividends received from the Fisher Body . Corporation and the General Motors Acceptance Corpora- tion's share in the undistributed earnings of these two companies was $6.292,603, which made a total of 351,828,490, o Warner Sug 7s '38. Warner Sug 78’41, West Elec 53. Westinghouse Wickwire Spen T Willys-Ov 8145'33. 8 ‘Wilson & Co 18t 6s. 10 ‘Wilson & Cocv 6s. 11 Wilson&C cv 7 TREASURY CERTIFICATES. (Quotations furolahed by Redmond & Co.) ———Noon.— I Ofter. .17 318 1008 982962 100 L1001 only 4128 June 15, s Septemver 13, %- December 15, i 1635 ‘nless otherwise noted,” extra or special A dividends are mot sncluded, 109 118 s December 10, 11011516 102 1116 v