Evening star. [volume] (Washington, D.C.) 1854-1972, March 17, 1923, Image 20

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Evening star. [volume], March 17, 1923, Page 20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 17 March 1923. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1923-03-17/ed-1/seq-20/>

Newspaper Page Text

20
STOCKS DO WELL
' IN BRIEF SESSION;
i
- i
American and Lima Locos at >
j
, New Tops—Oil Shares Also \
Show Strength. \
j
• BY STUART P. WEST. \
Special Dispatch to The Star. _ i
NEW YORK, March 17. —In today’s V
fetock market the few important >
moves that occurred were all of them
upward. The statement by the chair-
man of the Mexican petroleum hoard j
in refutation of the Standard Oil /
statement of Friday brought a fair t
recovery in pan-American stocks. Ac- j
five buying went on Sinclair Consoll-
dated and Producers and Refiners. In
both instances prospective dividend j
Increases were the principal motive.
Next to these oil shares the rail
way equipment group was the most
prominent. Roth American Locomo
tive and Lima Locomotive made new J
highs, but there was nothing new in j
this connection. *
Sinclair Oil at 3S was up two points t
on the day. The street is looking t
for* an increase In the dividend from j
the present $2 to at least $3 a share.
Marian Oil. which is earning $lO a i
share and paying only $4. crossed 4b
for the first time.
Railroad Share* Pick. Up. i
Some of the rails did better toward ,
the close, notably Delaware and Hud
soq. Piggly Wiggly had had its 10 .
point break Friday on the idea that
tlie squeezing of the short interest
was through with and that tho stock
was under a cloud because of the ]
stock exchange Investigation into re
cent operations. Its speedy rally to
day, however, showed that the float
ing supply was still very small. The
market closed strong and considerably
more active. , , , , , .
The selling pressure which had been
It; the stock market Friday was not
continued today. Trading was still
quiet In comparison with the heavy*
totals at the outset of the week, and
this showed that the speculative cam
paign was being conducted‘much more,
soberly. Nevertheless, when it was
discovered that the weakness of the
previous day in parts of the list, was
not continuing, special operations for
the rise were resumed.
Oil Controversy Tarns.
The Mexican oil controversy took
she expected turn when the head of
Mexican Petroleum-aud Pan-American
gave out a statement refuting the
pessimistic comments of the chairman
•if the Standard Oil.
The foreign exchanges were dull
and very little changed. The check
to the recovery in French francs was
evldentlv due to German denial that
any negotiations for a Ruhr settle
ment had been opened. Sterling was
virtually stationary, still 3 cents un
der its high of a month ago.
Producers and Refiners was one of
the few domestic oil stocks to de
velop special strength today. The
buying was based on earnings, which
now run about sls a share against
the $4 in dividend. Income from its
new refining plant may be depended
upon by August.
The price increases announced by
the Hupp Motor Company today,
•which will take effect April 1. are
said To be only a forerunner in the
matter of price increases by all of
the automobile companies. Such has
■been forecast for some time.
BUTTER PRICES GAIN
STEADILY DURING WEEK
9y the Associated Tress.
CHICAGO. March 17.—Decreased re
ceipts caused this week’s butter mar
ket to advance steadily and gain
strength, the week ending with the
four principal markets showing gains
of from 1 to 2 cents over opening
prices Monday.
Unloadings of a cargo of New Zea- i
land butter at New York during the j
previous week and the rapid approach
of the producing season caused some
uncertalntv in the market until it was!
established .that part of the import I
stock had been sold to Canadian buy- j
ers.
Shortage of unclergrados as com
pared with the top scores and a cor
responding narrow range between
Hcores noted the previous week still
existed. The shortage of undergrades
waa'not materially lessened by the ar
rival of 2,000 boxes of Argentine '
stock at New York last Tuesday. '
Closing quotations and the range i
for the week at four leading markets i
yesterday were as follows. i
Chicago, 50, 2 points gain; New i
York, 30, 1% points gain; Boston, 52, ,
1% points gain, and Philadelphia, 50. ,
1 point gain.
WALL STREET NOTES. I
fdiecial Dispatch to The Star.
NEW YORK. March 17. —lt was 1
v.gain persistently rumored today '
that the Calumet and Hecla Mining
• ’ompany soon will announce details
•>f the plan to purchase the Detroit
copper and brass rolling mills, capi
talized at JC.OuO.OOO.
The Baltimore and Ohio railroad
'lias ordered fifty Santa Fe type of en
igines from the Baldwin locomotive
. works.
New York bank clearings, $761,000.-
; «00; New York bank balances. $95.-
000.000; New York Federal Reserve
bank credits, $78,000,000.
Regular quarterly dividends today:
Weetinghonse Airbrake Company on
stock outstanding prior to payment
of 35 pr cent stock dividend; Will-
Haumer Company, preferred; Detroit
Motor .Bus and an extra of 1 per
cent. Burroughs Adding Machine,
Union National Corporation, pre
ferred, for quarter ending December
31 and March 31; National Supply of
Delaware, preferred.
NEW YORK EGG PRICES.
NEW YORK. March 17.—Eggs, ir
regular, receipts .39.693 cases: fresh
gathered, extra firsts, 29>2a31; do.,
first. 27%a29; New Jersey, hennery
•while, locally candled, extra 40a41;
Co., uncandled, extras, 40a42; state
And nearby hennery browns, extras,
34a30; Pacific coast white, extras,
S? , ia3?; do., firsts to extra firsts.
514%a37.
HIGHER RATE ALLOWED.
Authority was given the Illinois
Central railroad today by the Inter
state Commerce Commission to in
crease from 4 to 6 per cent the Inter
est rate on an issue of $13,447,000 in
refunding and Improvement mort
gage bonds which it proposes to is
sue. The higher rate, the railroad’s
application which the commission
granted said, would enable the se
ouritles to aell for 96Va per cent of
par.
PARIS BOURSE FIRM.
PARIS, March 17.—Prices were firm
•m the bourse today. Three per cent
rentes, 57 francs SO centimes. Ex
change on London, 75 francs 5 cen
times. Five per cent loans, 73 francs
70 centimes. The dollar was quoted
at 15 francs 99 centimes.
BAR SILVER QUOTATIONS.
LONDON( March 17. —Bar silver.
5)2 5-16 pence per ounce. Money, 1%
per cent. Discount rates: Short hills,
2 3-16 per cent; three-month bills, 214
per cent,
NEW YORK, March 17.—Foreign
bar silver, 67%: Mexican dollars, 51st.
LOWER INSURANCE LIKELY.
PHILADELPHIA. March 17 (Spe
cial).—Recent disastrous fires In New
Jersey have led to a move among the
suburban towns to combine their fire
fighting protection and equipment,
frfilt is expected to result in a reduc
tion !n Insurance rates.
FINANCIAE.
NEW YORK STOCK EXCHANGE 1
RecdvW by PrtvaM Wire Direct to The Star Ofice
Open. High. l«ow. Close.
Air Reduction.. 69% 71 69% 70%
Ajax Rubber 18% 13% 18% 13%
Allied Chemical. 70% 78% 78% 78%
AmAgrChem.. 84% 34% 34% 34%
Am Beet Sugar. 46 46% 46 46%
Am Bosch 68% 56% 66% 66% ■
Am Brake Shoe. 80 80 80 89
Am Can 101 102% 101 102 H
AmCarAFdy.. 182% 183 182% 183
Am Chicle C 0... 8 8 8 8
Am Cotton OIL. 16% 16% 16% 16%
Am Internal'!... 30% 80% 80% 80%
Am La France.. 12% 12% 12% 12%
Am Linseed 84% 34% 34% 34%
Am Locomotive. 135% 138 135% 137%
Atn Loco pf 118 113 118 118
Am Metals 53% 53% 63% 53%
Am Radiator... 85 86% 85 85%
Am Safe Razor.. 8 8 8 8
Am Ship A Com. 18% 18% 18% 18%
Am Smelting.,. 65% 65% 65 65
Am Smelting pf. 102 102 102 102
Am Steel Fdy... 89 89 88% 38%
Am Sugar pf.... 106 106 106 106
Am Tel & Teleg. 123 123 123 123
Am Tobacco (B) 155 155% 154% 154%
Am Tobac pf (n) 101% 101% 101% 102%
Am Water Whs. 29% 30% 29V* 30%
Am WWk 6% pf 64 58 54 68
Am Woolen 108 103% 103 103%
Am Zinc & Lead. 18% 18% 18% 18%
Anaconda 61 61% 60% 61
Ann Arbor 20 20 20 20
Asso Dry Goods. 86% 88% 86% 88%
A sso DryG Ist pf 88% 88% 88% 88%
Atchison 103% 103% 103% 108%
Atchison pf 89% 89% 89% 89%
Atlan Blr & Atl. 2% 2% 2% 2%
Allan Cst Line.. 120% 120% 120% 120%
Atlantic Fruit.. 2% 2% 2% 2%
Atl Fruit otf* 2% 2% 2% 2V*
Atlantic Gulf... 31% 33% 31% 33%
Atlantic Gulf pf 26% 26% 26 26V*
Austin Nichols.. 80 30 30 30
Bald win Loco. • • 140 142 140 142
Balto A Ohio 53% 68% 68% 68V*
Balto * Ohio pf. 60% 60% 60% 60%
Barnesdall (A). 32 32 31% 31%
Barnesdall (B>. 20 20 20 20
Beechnut Pack. 65 66 65 66
Beth Steel (B).. 63% 68% 67% 67%
Beth Stl 7% (n). 94% 94% . 94% 94 *
Booth Fisheries. 5% 5% 5% 5%
Hr Em Stl Ist pf 68% 68% 68Vj 68%
Bklyn Rap Tran 8% 8% 8 8
Burns Bros (A). 138 138 188 138
Butte Copper... 10% 10% 10% 10%
ButteASuperlor. 84% 86% 84% 85%
Butterlck 13 19 19 19
Caddo Oil 8 8% 8 8%
California Pack. 83 83 88 83
Calumet & Arlz. 62 62 62 62
Calif Petrol 97% 98 97% 9<%
Calif Petrol pf.. 106% 106% 106% 106%
Callahan Zinc.. 10% 10% 10% 10%
Canad'n Pacific. 147 147% 147 14<V*
Central Leath pf 79 79 79 79
Cerro de Pasco. . 48 48 48 43
Certain-Teed... 44% 44% 44% 44%
Chandler Motor. 74V* 74% 74% i4H
Chesap & Ohio.. 73 73 73 73
Ches&Opfwl. 103% 103% 103% 103%
Chi & East 111... 37% 38% 87% 87%
Chi & East 111 Pf 60 60 60 60
Chi Great Wpf. 14% 14% 14% 14Vj
Chi Mil &St P.. 25 25% 25 25%
ChlMll AStPpf. 43% 44 43% 44
Chl&Northwn. 85% 86% 85% 86%
Chi Pheu Tool.. 87% 88 87% 87%
Chi RI A Pacific 86% 37 86% 87
Chi R I&P 6% pf 83 83 82% 82%
Chile Copper... 29% 29% 28% 29
Chino Copper. .. 29% 30% 29% 30%
CCC &St Louis 87 87 87 87
CluettA Peby pf 105 105 105 105
Coca-Cola 76% 76% 76% 76%
Colo Fuel 28% 28% 28% 28%
Columbia Gas... 109 109% 109 109%
Com Solvents A. 43 43 43 43
Comp Tabulator 81% 82% 81% 82
Cons Cigar..... 85% 85% 85% 85%
Consol Gas new. 65% 66 65% 65%
Cons Textile.... 13% 13% 13% 13%
Cont Can 48% 48% 48 48%
1 Corn Products.. 130% 131% 130% 131%
Cosden & C 0.... 61 61% 60% 61%
Crucible Steel.. 81 82 80% 81%
Crucible Steel pf 92% 92% 92% 92%
Cuban-Arn Sug. 84% 85 84% 85
Cub Cane Sugar. 17% 18% 17% 18%
Cuba Cane Spf. 62% 62% 61% 62%
Cuban Dom’lcan. 11% 11% 11% 11%
Cuban Don pf... 57 67% 67 67%
Davidson Chem. 85% 86 35% 86
Del A Hudson... 116% 120 116% 119%
D Lack & Wstn. 125% 125% 125% 125%
Dome Mints.... 41% 41% 41% 41%
Dupont (EI).„ 117% 117% 117% 117%
I Eastman Kodak 111% 111% 111% 111%
EJeo Stor Bat... 61% 61% 61% 61%
Endicott-John.. 75 76% 75 76%
Erie 12% 12% 12% 12%
Erie Ist pf 19% 19% 19% 19%
Erie 2d pf 13% 13% 13 13
Famous Players. 87% 87% 87% 87%
Fd Mines* Spf. 53% 53% 53% 58%
Fifth Av Bus wi. 9% 9% 9% 9%
Fisk Rubber.... 14% 14% 14% 14%
Fleishman 40% 40% 39% 40%
Freeport Texas. 20% 20% 20% 20%
Gen Asphalt.... 51% 51% 51% 51%
Oen Cigar 92 93% 92 93H
Gen Eiec Jic... - 186% 187% 186% 187
Oen Elec spl wI. 11% 11% 11% H%
Gen Motors 14% 15 14% 15
Gen Mot 6% deb. 84% 84% 84% 84%
Gimbel 8r05.... 47% 47% 47% 47V*
Gimbel Bros pf. 100 100 100 100
Gilddon H% 11)* 11 11
Goldwtn Corp... 6% b% 6% 6%
Goodrlcn 88% 89% 88% 39
Goodrich pf 91% 91% 91% 91%
Goody’r pr pf wi. 9H 98 98 98
Granby Consol.. 29 29% 29 29%
Ot Northern pf.. 77% 78% 77% 78%
Great Nor Ore. . 34% 35 34% 3,»
Greene-Cananea 31 81 30 30
Guantanamo Sa. 12% 12% 12 12
Gulf Mo & Nor.. 19V* 19% 19% 19%
Guif St Steel..., 97% 98 97% 97%
Harblshaw Cab. 1% 1% 1% 1%
Hayes Wheel 37 37 36% 36%
Hendee Mfg 20% 20% 20% 20%
Household Prod.. 38V* 88% 88% 38%
Houston 0i1.... 70% 71% 70% 71%
Hudson Motors. 80% 81% 30% 81
Hupp Motors... 27% 27% 27% 27%
Hydraulic Steel. 4% 4% 4% 4%
Indiahoma 17 18% 17 18%
Inspiration 40% 40% 40% 40%
Interboro Met.. V» % % %
Interborough pf % % % %
InterborßapTr. 20% 21% 20% 21%
int Cement..... 42 48% 42 43%
InCombustlonß 25% 26% 26% 26%
Int Harvester... 92% 92% 92% 29%
Int Mer Marine. 11 11 11 JJ
Int Nickel 16% 15% 15 15%
Inti Paper...... 65 55 55 66
Int Shoe 70 70% 70 70%
Invincible 0i1... 18 18% 18 18%
Iron Products... 65% 66% 55% 65%
Island 0i1..... • % % % %
Jewel Tea 23 24 23 24
Jewel Tea pf.... 77 77 77 77
Jones Tea 60% 62% 60% 62
Kansas City Sou 28% 28% 28% 23%
Kansas A Gulf.. 2 2 2 2
Kelly-Spr Tire.. 57% 68 57% 68
Kennecott 42% 42% 42% 42%
Keystone Tire.. 9% 9% 9 9
Lake Erie A Wpf 72% 72% 72% 72%
Lehigh Valley.. 67% 68% 67% 68%
Lima Locorao... 72 73% 71% 73%
Loews Inc 20% 20% 20% 20%
Loft Inc 8% 8% 8% 8%
Louie & Nash... 144 144 143 143%
Mack Trucks.... 86% 87Va 86% 87
Mack Trucks Ist. 98% 98% 98% 98%
Magma Copper. 35% 86% 35% 35%
Malllson A Co.. 84% 84% 84% 84V a
Manati Sugar.. 72% 72% 72% 72%
Manhat El Sup.. 55% 65% 55% 55%
Manhattan Shirt 44% 44% 44Vi 44%
Market St Ry... 1® 19 18 19
Market Bt prior. 80 80 80 80
Market St pf.... 56 56 56 56
Market St Ry 2d 48 48 46 46
Marland Oil 45% 46% 45 46%
Marlln-Rockwl. 14% 14% 14% 14%
Martin-Parry.. 81% 81% 31% 81%
Mathlson Alklli. 62 62% 61% 62
Maxwell (A)... 69 60% 69 60
Maxwell (B> 18% 19% 18% 19
May Dept Stores 74% 74% 74% 74%
Mclntyre Porcu. 18% 18% 18% 18%
Mex Seaboard... 17% 17% 17% 17%
MexSbdctfs 17% 17% 17% 17%
Middle St 0i1... 11% 11% 11% 11%
Midvale Steel... 81% 81% 81 31
Mo. KATwI... 15% 16% 15% 16%
Mo. KAT pf wl. 42% 42% 42% 42%
Mo Pacific 17% 17% 17% 17%
Mo Pacific pf... 46Va 46% 46% 46%
Montana Power. 71 71 71 71
Montgom'y W’rd 23% 24 23% 24
Moon Motors... 24% 24% 24% 24%
Mother Lode.... 12% 12% 12% 12%
Natl Biscuit wl. 43 48% 48 43%
Natl CloakASpf 100 100 100 100
Natl Conduit... 1% 1% 1% 1%
THE EVENING STAR, WASHINGTON, P. T. SATURDAY, MARCH 17, 1923.
Open. High. Low. Close.
Natl Enameling 70% 71 70% 71
Natl Lead 129 129 129 129
NOr Tex A Mex. 95% 96 96% 96
iNYAirBrk(A) 60 60 50 60
|N Y Central 98% 98% 98% 98%
1N Y Dock 26% 26% 26% 26%
NYNHAHartfd. 19% 19% 19% 19%
NY Shipbuilding 15% 16% 14% 14%
Norfolk A West. 112% 118% 112% 118%
North American 112% 113 112% 113
North Amer w 1.. 22% 22% 22% 22%
North Amer pf.. 47% 47% 47% 47%
North Pacific... 78 78 77% 78
Oklahoma Prod. 2% 2% 2% 2%
OrpheumClrcult 19% 19% 19% 19%
Otis Steel 13% 13% 13% 13%
Otis Steel pf 66 66 66 66
Owens Bottle. .. 48% 48V» 48% 48%
Pacific Develop. l I 11
Pacific Gas AEI 80% 81 80% 81
Pacific Oil 45 46 44% 44%
Packard Motor. 14% 14% 14% 14%
Pan-Am Fete. .. 81% 81% 80% 81%
Pan-Am Pet (B) 74% 74% 74% 74%
Parrish A Bing. 14 15 14 16
Penn Seabd Stl. 5% 6% 6H 6V*
Pennsylvania... 46% 46V* 46% 46V*
Pere Marquette. 38% 88% 38% 88%
Philadelphia Co. 49% 49V* 49 49H
Philip Morris 19% 19% 19% 19%
Phillips Pete... 62 62% 60 62%
Phoenix Hosiery. 44% 44% 44% 44%
Pierce-Arrow... 13% 13% 13% 18%
Pierce-Arrow pf 32 82% 32 32
Pierce-Arrow prl 72% 72% 72% 72%
Pierce Oil 4% 4% 4% 4%
Plggly-Wlggly. 65% 72 65V* 70
PlttsAWVa... 87% 87% 37% 37%
Pressed Stl Car. 70 70 70 70
Pressed StlC pf. 91 92% 91 92%
Producers & Ref 83\4 84V4 53 54V4
Prod & Ref pf.. . 48% 48% 48% 48%
Pub Servos NJ. 99" i 100 99% 99%
Pullman C 0..... 131 132% 131 182%
Punta Alegre... 66% 66% 66% 66%
Pure Oil 29% 30% 29% 30%
Railway Stl Spr. 119 123 119 121
KyStlSprpf... 117 118 117 118
Ray Con Copper 16 16 15% 15%
Reading 78% 78% 73 78%
Reis Robert.... 18% 19 18% 19
Remington..... 46 46% 46 46%
Repioglo Steel.. 27% 27% 27% 27%
Rep lr A Steel.. 60% 60% 60% 60%
Rep Ir A Stl Pf. . 96% 96% 95% 95%
Reynolds Spring 24% 24V* 23% 28%
Rey Tobac <B).. 60% 61% 60% 61%
Royal Dutch.... 52V* 62% 62 52%
St Joseph Lead.. 21% 21% 21% 21%
St LA San Bran. 25% 26% 25V4 25%
StLASanSrpf. 46% 47 46% 47
StLSouthwn 83% 34 33% 34
StLSouthwnpf 61% 61V* 61% 61%
Savage Arms. .. 27% 27% 27 27V*
Sears Roebuck.. 88% 89% 88% 89%
Seneca Copper.. 10% 11 10% 11
Shell Tr & Tran. 39% 39% 39% 89%
Shell Union 15% 16% 15% 15%
Simms Petrol... 14 14% 13% 14
Simmons 84% 34% 33% 84
Sinclair 0i1..... 36 38% 36 88%
Sinclair pf 97 98 97 98
Skelly Oil 12% 12% 12% 12%
Skelly Oil (new). 32 32 31V* 31V*
Sloss-Shetfield.. 64V* 56 64% 66
Sloss-Sheft pf. .. 89 89 87% 87%
South Pacific. .. 92% 93% 92% 93%
So Porto Sugar. 61% 61% 61% 61%
Southern Kwy.. 33% 33% 33% 33%
Southern Ry pf. 69Va 69% 69% 69%
Spicer Mfg Co., 24% 24% 24 24
St Oil of Calif... 60% 61 60% 60%
St Oil of ('alif rt» 3% 4 3% 4
StOUofNJwl. 42% 42% 42% 42%
St Oil of N J pf. . 116% 116V* 116% 116%
Steel A Tube pf. 102 102% 102 102%
Sterling Prod... 64% 64% 64% 64%
Stew’t-Warner. 119 119% 118% 118%
Stromberg Carb 91 92 91 92
Studebaker 123% 125% 123% 125%
Submarine Boat 13% 14% 13% 14%
Superior 0i1... • 5% 5% 5% 5%
SweetsCoof Am. 2 2 2 2
Tenn Copper.... 12% !£•• 12% 12%
Texas Company. 50V* 51% 50% 61%
Tex Os Sulphur. 62% 62% 62% 62%
Texas A Pacific. 25 -25% 25 25%
Tex A P CAOII.. 21% 22 21% 21%
Tide Water Oil.. 132% 132% 131 181
Timken Bearing 43% 43% 43% 43%
Tobacco Prod... 57 67 56% 66V*
Tobacco Prod A. 83% 83% 83% 83%
TolStLAWpf. 57% 57% 57% 57%
Trans Conti Oil. 12% 12% 12% 12%
Union Bag A P.. 69 69 69 69
Union Pacific... 140% 141 140% 141
Union Pacific pf 74% 74% 74% 74%
Union Tank Car 94% 95% 94 95%
Un Tank Cr pf. . 112 112 112 112
Un Cigar Stores. 215 215 215 215
United Drug.... 81 81 81 81
United Fruit 180% 180% 180% 180%
United Ky Inv.. 18V» 18% 17% 17%
Utd Ry Inv pf... 54 54% 63% 53%
Unit Retail Sirs. 80% 81 80% 81
U S Cast lr P pf. 70% 70% 70% 70%
US Food Prod.. 5% 6% 6% 6
U S Hoffman Mcl 19V* 19% 19 19
U S Indus Alco.. 71% 72% 71V4 71%
US Realty 100% 101% 100% 101%
U S Rubber 62 62% 61% 62
U S Smelt A Ref 41 41 41 41
US Steel 107% 107% 107% 107%
US Steel pf 119% 119% 119 119
Utah Copper. ... 72% 73 72% 73
Vanadium Corp. 41% 41% 41% 41%
Va-Cr Chemical. 22% 22% 22% 22V*
Va-CarChempf. 67 67% 67 67%
Vlvadou 19% 19% 19% 19%
Wabash 10% 10% 10% 10%
Wabash pf (A). 30% 81% 30% 31%
Waldorf System. 44 44 43% 44
Western Elec pf 112% 112% 112% 112%
Western Pacific. 18% 18% 18% 18%
Western Union. 115 115 115 115
Westhse El A M 64% 64% 64% 64%
Wheel AL E pf. 17 17 17 17
White Eagle Oil 28% 28% 28% 28%
White M0t0r.... 68 68 57V* 68
White Oil 4% 4% 4 4
Wilson Co 40% 40% 40% 40%
WiUys-Overld.. 7% 7V* 7% 7%
Worthington... 37 37% 36% 87%
HOURLY SALES OF STOCKS.
11 a.m 206300 12 m .523500
WOULD EXPORT RUBBER.
AKRON, Ohio. March 17.—The Good
year Tire and Rubber Company of
Akron and the United Stales Tire and
Rubber Company have formed a rub
ber export association, which has filed
application with the Federal Trade
Commission for permission to engage
in the export es rubber and all com
modities allied with the rubber Indus
try, It was announced here. Under
the arrangement other rubber com
panies can join the association.
MORE BAD-ORDER CARS.
The American Railway Association
reports as of March 1 a total of 316,562
bad-order freight cars, representing
9% per cent of the total on line. This
was an increase of 8,967, compared
with the total In need of repair Feb
ruary 15, Os the total cars in need of
repair 155,813 required complete over
-1 hauling, an increase of 2,272 In the
two-week period, while 69,739 re
i qulred light repairs, an Increase of
i 6,696 in the last half of February.
f
! DECISION RESERVED.
1 WILMINGTON, Dei., March 17.
Chancellor Josiah O. Wolcott re
served decision In the case of the Al
lied Chemical Company and the By
-1 Products Coke Company, to prevent
1 the sale of the Steel and Tube Com
pany of America to a syndicate head
■ ed by Dillon. Keed A Co. of Now
1 York for approximately $78,000,000.
The syndicate Includes the Youngs
town Sheet and Tube Company. It
was contended the price was a ‘'ridic
ulously low figure."
1., ■ ■ 9
$600,000 PAY JUMP.
BIRMINGHAM, Maroh 17 (Special).
—Thirty thousand coal and ore
miners in this district today drew
1 their first pay envelope* under the re
• cent 12% per cent wage
. which added $600,000 a week to the
i pay rolls of this section.
li.»■ ■ ■ ii
DIVIDENDS INCREASED.
i NEW YORK, March 17.—Increased
• dividends were voted yesterday by dl
» rectors of Peerless Motor and Truck
Corporation, and the Humble Oil and
Reflnjng Company. Peerless directors
, voted a quarterly dividend ofsl, an
, Increase of 26 cents a share. The oil
company declared a dividend of SO
> cents a share, the first voted since
declaration of a stock dividend of 76
i per cent and reduction ot the par
value to $25 a share.
CHANGES IN BONDS
LARGELYUPWARD
Trading Today in Very Nar
row Limits—Liberties Dull
and irregular.
BY GEORGE T. HUGHES.
Special Dispatch to Ths Stsr.
NEW YORK. March 17.—There was
no particular change In bond prices
today, and trading during the two
hour session was very dull.
Probably most of the net changes
were upward, but in no case was
there any very great gain, and the
chief favor was shown to speculative,
as distinct from Investment, issues.
A good deal of Interest vu shown In
Seaboard Airline adjustment sa, both
yesterday and today.
Among the strictly investment Is
sues it was noticeable that high-grade
short-term obligations were most in
demand. Here and there a long-term
issue showed signs of rallying.
Among the seoond-grade issues the
feature was the weakness in Mis
souri Pacific general 4s, which sold
down to a new low for the year.
Among foreign bonds the Anton
Jurgen 6s were prominent, with a
gain of more than a point.
French bonds held their now ground
well.
Liberties were dull and irregular.
SOUTHERN RV. TO BUILD
NEW CARS DN OWN LINES
Locomotives Will Be Turned Out
at Richmond in $17,000,000
Expansion Step.
By the Associated Pres*.
ATLANTA, Ga., March 17—The
Southern railway system announced
today that nearly all of the new
oars and locomtlves, costing more
than $17,000,000. recently ordered by
them will be built at points on the
Southern lines. Fifty freight and
sixteen passenger looomollvoa, five
dining oars. 3.070 her oars, 2,865 hop
per-bottom coal cars, 2,000 gondola
coal cars and 200 stock oars are In
cluded.
The locomotives are to be built at
Richmond. Va, by the American Lo
comotive Company. 1.500 box oars and
1,366 coal cars at Memphis and St.
Louts by the American Car and
Foundry Company, 2.000 coal cars at
Lenoir City, Tenn . by the Lenoir Car
Works; £7O box cars at Mount Ver
non, 111., by the Mount Vernon Car
Manufacturing Company, and 200
stock cars at Anniston, Ala., by the
Kilby Car and Foundry Company.
B. S 0. PLACES ORDERS
FOB 75 LOCOMOTIVES
New Engines to Cost Approximate
ly $75,000 Each—Extra Heavy
Type Ordered,
BALTIMORE, Md.. March 17.—Or
ders for seventy-five locomotives to
cost approximately $76,000 each, have
been placed with the Lima Locomo
tive Works of Lima, Ohio, and the
Baldwin Locomotive Works of Ed
dystone. Pa., by the Baltimore and
Ohio railroad.
The new locomotives are said to be
of particularly heavy construction,
with ten driving wheels, but with the
weight distributed to permit rapid
progress even under a heavy load.
They will be delivered in the fall.
TODAY'S COTTON PRICES.
Weather In Cotton Belt Cause of
Rise at Opening.
NEW ORLEANS. March 17.—Cold
weather in the belt, with considerable
rain in the eastern portions, caused
a rise of five to eight points around
the opening of the cotton market
today, but liquidation from the long
aide immediately set in, and prices
reacted to net declines of seven to
ten points. New buying was met as
the market fell and at the end of the
first half hour of the session the mar
ket was again at Just about its high
est levels. May traded as high as
80.58 and as low as 80.41, October
traded as high as 26.37 and as low as
26.21. Cotton futures opened steady;
March, 30.67; May. 30.50; July, 30.16;
October, 26.25; December, 25.77.
NEW YORK, March 17.—Cotton
futures opened steady. March, 30.70
Md; May, 80.85; July, 80.15; October,
26.70: December, 26.16.
NEW YORK, March 17.—Cotton,
spot, steady; middling. 31.30. Cotton
futures closed steady. March, 31.11;
May. 31.25; July. 30.42; October, 26.86;
December, 26.38.
NEW ORLEANS, March 17,—Cotton
futures closed steady at net advances
of 15 to 20 points. Closing bids:
March, 80.76; May, 30.71; July, 80.36;
October, 26.47; December, 26.01.
NEW ORLEANS. March 17 —Spot
cotton quiet, 25 points lower; sales
on the spot, 16; to arrive rone; low
middling, 30.25; middling, 81.00; good
middling, 81.50.
NEW METHOD ADOPTED
IN QUOTING U. S. BONDS
, By the Associated Preaa.
NEW YORK. March 17.—The meth
od of quoting United States govern
ment bonds on the New York Stock
Exchange will be changed within the
‘ next two weeks so that the minimum
fluctuation will be fixed at 1-32 of one
point instead of the present decimal
system, with its minimum of 2 cents
on $l6O. While this will increase the
present minimum fluctuation. It will
still permit of a much narrower move
’ merit than In other listed bonds, which
are quoted in eighths of a point.
The decimal system was instituted
during the war at the request of the
United States government, which
wanted the narrowest practicable
quotation in order to provide the
maximum stability in price during
the distribution period. Now that
L the bonds hare been wall distributed
. the need for this extremely narrow
fluctuation Is said to no longer exist.
Animal Outlaw Bagged.
from the Scientific American.
For three long years Lobo, giant
wolf, fattened on the cattle of the
I Arison* plains. From one ranch
alone In one year he seised fifty fine
: white-faced yearlings, A government
[ hunter In an automobile haa at last
i brought Lobo down with a single shot
i from a rifle with the rear sight miss
ing. The wolf weighed seventy-eight
i pounds after the akin from shoulders
. to head was removed, and was the
largest ever seen on the range. His
1 disposal means a saving of several
thousand dollars in stock, annually.
| ON NEW YORK bonds: STOCK. EXCHANGE 1 1
Received hr Private Wire Direct to The Star Office.
(Balac are in $1,000.)
UNITED STATES BONDS.
Balca, High. Low. Close.
LlbS%s 118 10110 10102 10106
Lib Ist 4%5... 38 98 00 97 90 97 96
Lib 2d 4%5... 843 97 80 97 76 97 82 1
Lib Id 4%5... 176 9840 98 30 9832
Lib 4th 4%5,. 476 97 98 97 88 97 94
Victory 4%5.. 18 100 08 100 04 100 08
D 8 4%s 1962.. 115 99 30 99 22 99 30
FOREIGN.
Bales. High. lew. Clone.
Argentine 7s 15 103 102% 102%
Belgium 7%s 17 99 98% 99
Belgium 6s 2 94% 94% 94%
Belgium 8s 7 98% 98% 98%
Bern 8s 4 112% 112% 112%
Bolivia 8s 7 92 91% 91%
Bordeaux 6s 3 76% 76% 76% ’
Brazil 7s 5 82% 82% 82%
Brazil 8s 8 95% 95% 95%
Brasil 7%s 13 103 102% 102%
Canada 6s 1926 95 100% 100% 100%
Canada 6%s 1929.. 57 l?l% 101% 101%
Canada Be 1981.... 8 100% 100% 100%
Canada Bs 1962 3 98% 98% 98%
Chile 8s 1946 4 103'* 103% 103%
Chile «s 1926 1 101% 101% 101%
Chile 8s 1941 9 103% 103% 103%
Chinese Gov Ry 6a. 10 61% 51% 51%
Christiania 8s X 112 112 112
Copenhagen 6%5.. 19 90 90 90
Cuba 5%s w 1 10 99% 99% 99%
Czechoslovakia Bs. 12 88% 88% 88%
Denmark 8s 6 109% 109’., 109%
Denmark 6s 7 97% 97% 97%
Dutch East I6s ’«7 36 94% 94% 94%
Dutch East I6s '62 5 94 93% 94
Eramerlcan ID 7I 88% 88% 88%
French Govt 8s SO 97% 97% 97%
French Govt 7%5.. 46 93% 93% 93%
Halt) 6s ctfs 83 97% 97% 97%
Holland-Am s f 6s. 15 90 89% 89%
Japanese 2d 4%5.. 4 92% 92% 92%
Japanese 4s 37 82 81% 82
Jergen UM 6s ’47.. 45 81% 80% 81%
Lyons 6s 2 76% 76% 76%
Mexico 6s l 54% 54% 54%
Montevideo 75..... 12 89 88% 89
Netherlands 65.... 13 98 98 9«
Norway 6a ctfs 9 98% 98% 98%
Parls-Ly’s-Med 63. 25 72% 71% 72%
Prague 7%s 13 75% 75 75
Queensland 7s 4 107% 107% 107%
Queensland 6s 83 101% 101 101
Rio de Jan 83 1946. 6 94V* 94 94%
Rio de Jan 8s 1947. 24 94 93% 93%
Rio Or Do Sul Bs. .. 5 96% 96% 96%
Sao Paulo. State, 8s 4 99% 99 99
Seine, Dept of, 75.. 25 86 85% 86
SerbsCrotsSlovßs. 81 65% 64% 65%
Solssons 6s 1 77% 77% 77%
Sweden 6s 20 104% 104% 104%
Tokio 6s 1 73% 73% 73%
Ud Klng’m 5%5’29144 115% 115% 115%
Ud Klng’m 6%s ’37 22 104% 104 101%
MISCELLANEOUS.
Am AgrChem 7%s 8 104 108% 104
Am Smelt*R Ist ss. 26 88% 88% 88%
Am Sugar Ref 65.. 9 103% 103 103
AmTATcvfls 3 117% 116% 116%
Am T&Tcl tr 55.. 28 96% 96% 96%
Am T&Tcl tr 45.. 20 91% 91% 91%
Anaoonda cv db 75.. 75 103% 103 103
Anaconda Ist 65.... 74 97V, 96% 97
Armour *Co 4 %s. 5 86 85% 86
Atlantic Kefln Bs.. 3 98% 98 98
Bell Tele Pa6srcts 41 96% 95% 96%
Bell Tele Pa 7s H 107% 107% 107%
Bethleh’m Stl rs Ss 1 91 91 91
Beth’m Stl p m 55.. 1 88% 88% 88%
Beth'm Stl s f 6s. .. 20 97% 97% 97%
Brier H3t Ist 5%5. 9 94% 94% 94%
Bklyn Edison 7s D. 3 107% 107% 107%
Bklyn Ed gen Bs.. 5 96% 96% 96%
Bush T Bldg 6s’6o. 3 86% 86 86
Central Leather 6s 15 99% 99 99%
Chile Copper 6a... 1 100% 100% 100%
Cln G& E 5%5'«2. X 97*a 97% 97%
Con Coal Md Ist 5s 7 88% 87% 87%
Cub Cane Scv d Bs. 17 96% 96 96%
Det Edison ref 6s. . 1 102% 102% 102%
Du Pont de N 7%5. 10 108% 108% 108%
Duquesne Lt 7%5. 11 107% 107% 107%
Duquesne Light 6s 2 102% 102% 102%
E Cuba Sug 7%5.. 40 109% 108% 109
Empire FAQ 7 Vis. 6 94% 94 94%
Fisk Rubber Ss... 15 107% 106% 107%
Gen Elec deb ss. .. 5 100% 100% 100%
Goodr’b (BF) 6%5. 4 101 100% 101
Goodyear Tr 8s ’SI. 42 104 103% 103%
Goodyear Tr Bs’4l. 27 116% 116% 116%
Humble OAR 5%5. 3 98% 98% 98%
Indiana Steel 55.., «2 99% 99% 99%
Int Mer Marine 6s. 45 88% 87V* 88
Int Paper Ist Cs A. X 87V, 87% 87%
Int Paper Ist 5s B. 9 87 86 86
Kelly-Rp’gfleld Bs. 11 109 108% 108%
Liggett A Myers 5s 2 97% 97% 97%
Lorillard (P) 5s 4 96% 96 96%
Lorlllard (P) 75... 3 114% 114% 114%
Magma Cop cv 7s. . 3 118% 118% 118%
Manati Sug sf 7%s 14 100% 100% 100%
Mexican Petrol Bs. 6 108% 108 108
Midvale Steel 55... 8 88 88 88
MorrlsACo Ist 4%s 10 81% 81% 81%
New Eng Tel 6s. .. 11 97% 97% 97%
NY Edison Ist 6%s 5 109% 109% 109 *
NY Tel 6s '4l 37 103% 103 103
N Y Tel 4%s 12 92% 92% 92%
NAm Edison 85.., 1 93 93 93
Otis Steel 8s S 100% 100% 100%
Pacific Gas AEI Bs 6 89% 89% 89%
Pac T&T 5s '52. .. 25 90% 90 90%
Packard Motor Bs. 1 107% 107% 107%
Phiia Co ref 6s A.. 2 99% 99% 99%
Pierce-Arrow 8s w i 41 82% 81% 81%
, Producers ARf Bs. 12 107 106% 107
Producrs& RBaw 2 131 130 131
Punta Alegre 7s. .. 50 120 1191* 120
Sinclair Oil 7s 85 100% 100 100%
1 Sin Crude Oil 5 V4s. 16 98% 98% 98%
‘ Sin Pipe Line 65.., 7 86 85% 86
1 StOil of Calif 7a... 8 105% 105 105%
: Steel A Tube 75... 17 102% 101% 102%
: Tide Wat Oil 6%a. 2 102% 102% 102%
| Toledo Ed’n Ist 7s. 6 106% 106% 106%
. Union Bag A F 6s. . t 97% 97% 97%
1 Unit Drug cv Ss... 4 112 111 * 112
U S Rub Ist rs 65.. 5 87 86% 86%
U S Rubber 7 %»... 1 108V* 108% 108%
U S Steel e f 5s 12 102% 102% 102%
! Utah Pow &Lt ss. 2 88% 88% 88%
Va-Car Chem 75... 17 96% 90 96
. Va-Car Ohm 7Vi» w. 18 96 96 96
| Warner Sugar 7s. . 2 104% 104% 104%
West Union 6%5. . 2 107% 107% 107%
Wlckwire Spen 7s. 4 97 97 97
Wilson ACo Ist <9 3 99% 99V* 99%
1 Wilson AC cv 7 %s. 22 103% 102% 102%
1 Wilson ACo cv 6s. 7 96% 96% 96%
WlP.ch’tr Ams 7%s 1 102V* 102% 102%
; ASK I. C. C. FOR RIGHTS
TO ISSUE MORE BONDS
1 In order to refund outstanding
[ mortgage obligations, the El Paso
: and Southwestern railroad applied to
the Interstate Commerce Commission
. today for authority to issue $5,055,000
1 in 6 per cent improvement mortgage
■ bonds. The securities will bo cx
| changed for an equal amount of other
mortgage bonds of the road due Janu
ary 1, 1923.
A second finance application from
the Yazoo and Mississippi Valley rail
road asked the commission’s approval
1 for another 5 per cent issue amount-
I ing to $1,068,000 to reimburse the
railroad’s treasury for expenditures
on additions and betterments.
BOSTON STOCK MARKET.
, BOSTON, March 17.—Following is
a list of today's highest, lowest and
1 closing prices for the most active
i stocks dealt In here:
1 High. Low. Close.
, Ailooez 29% 28% 25%
1 Abmeek 81 80 81'
! Am Tel A Tel 09 99 90
1 Arizone Com 13% 13% 13%
. Cain A Heels 890 BS3 800
Copper Range 43% 43% 43%
1 East Rutte IS% IS% 18%
Eastern S 8 12.’i% 124% 125
> Int Port Cement 43% 42% 43%
» Island Creek 108% 107% 108
1 Island Creek pfd 95 95 05
> tale Ro;ale 81 30% 31
, Mayflower O C 0% 5% 5%
. Mohawk 64 C 3% 64
’ North Butte 10% 10% 10%.
f Old Dominion 80 29% SO
■ Osceola 41 40 40
f Swift A Co 106% 1(4) 10«
. Shoe Mach 54% 53% 63%
CHICAGO STOCK MARKET.
CHICAGO, March 17.—Following is
a report of today’s sales, high, low
t and closing quotations at the Chicago
• Stock Exchange:
i Salsa. High. Low. dote.
! 10 Armour Leather pM 87 87 87
r 300 Armour of Illinois pf 85% 84 84%
. 886 Armour of Del pfd 69 99 99
‘ 3300 Boone Woolen Mills 43% 43 43%
[ 26 Diamond Match ... 117 117 117
1000 Gosaard, H W 82 30% .31
t 100 Montgomery, Ward. 23% 23% 23%
1 910 Quaker Oats 225 210 223
. 4500 Htcwart-Warner .. 119% Il«% 118%
, 6000 Standard Gas com 31 27% 31
1200 Union Car & Carbd 05 01% 65
1 1000 Yellow Taxi 87 ku% 86%
Total salsa 20,000 share*.
RAILROADS.
Sale* High. low, Clom.
Ann Arbor 4s 1 61% 61% 61%
Atchlaon gen 45... 33 86V* 86*4 854*1
; Atchison adj 45... 14 79 7h% 78%
I Atlantic CL Ist 4s. 15 84% 83% 83V4
Atlantic CL cl 45.. 2 79% 79% 79%
B&Opf 1n3%5... 5 94H 94V* 844*
B&Ogold4s 2 76'4 76V4 76V4
B A O 6s 2 100V4 100% 100%
B*Ocv4%s 13 govi 80 80V*
R& O ref 5s 18 81** 81 81
B& O SWdlv 3%a. 20 93V* 93% 93V4
B&C Toledo 45... 18 63 62V* 62%
Bklyn RT 5s 4 7544 75% 75%
Bk!yn RT 5s ctfs.. 2 75 75 75
Bkl RT 7s '2l ctfs. 72 92% 92V4 92%
Canadian North 7s, 29 114% 113% 114%
Canad North 6%5. 7 111% 111% 111%
Canad Pac deb 45.. 13 77% 77% 77%
Central Pacific 4s. 16 88 82% 82%
Ches & Ohio ov ss. 10 90% 90% 90%
Ches AO cv 4%5.. 2 86% 86% 88%
Ches AO gn 4%5.. 10 82 81% 82
Cnl A Alton 3%5.. 12 27V* 27% 27%
Chi B&Q Ist rs 55.. 5 98% 98% 98%
Chi A K 111 srn 55.. 19 79% 78% 79%
Chi Great West 4s. 7 52 51% 51%
CM A Puget Sd 4s. 1 63% 63% 63%
ChIMASPrf 4%5. 15 60% 60% 60%
Ch! MARt P4s ’25.* 7 81% 81% 81%
Chi MAS P C v 4%5. 13 66% 66% 66%
Chi 4NW7s 6 106% 106% 106%
Chi ANW 6«/* 5.... 3 108% 108% 108%
ChlßysSs 84 82 81% 81%
Chi RI& Pac rs 4s, 45 77% 77% 77%
Ch TJn Sta4%s. .. 2 90 89% 89%
Chi & w Ind rn 4«. 3 72% 72% 72%
CCCAStLrf 6a A., 9 100% 100% 100%
CCC* RtL4%s... 1 90% 90!* 90%
Cl eve Term 6 %5... 5 102% 102 102
Del AHd Ist rs 4s. 15 85% 85% 85% I
Del & Hudson 5%s 3 99% 99% 99%
Erie Ist con 4s 11 56 55% 55%
Erie con ext 7s 2 103% 103% 103%
Erie conv 4s A 3 47% 47% 47%
Erie conv 4s D 2 50% 50% 50%
Gr Trunk sf deb 6a 3 103% 103% 103%
(rr North gen 7s. .. 39 108% 108 V, 108%
Cr. North gen 5%5. 4 99% 99% 99%
Havana ERLAP Ea 5 83% 83% 83%
Hud A Man ref ss. 12 80% 80% 80%
Hud A Man &J 05... II 62% 62% 62%
111 Central ref 45.. 1 84 84 84
111 Central 5%s 14 101% 101 101
Int Rap Tran 55... 7 70 70 70
Intß Transit 75... 55 92% 92 924 i
Int A G Nor aj 6a., 11 47% 47% 47%
Kan City Ft S 45.. 50 74% 74 74%
Kan City Sou ss. .. 3 83% 83 83
Lake Shore 45'28.. 1 93% 93% 93%
Lake Shore 45’31.. 1 91% 91% 91%
Louis A N uni 45.., 5 88% 88% 88%
Louis A Nash 7b. .. 1 106% 106% 106%
Lcuis A Nash 6 V*s. 10 103 XO3 103
Market St cn 55... 6 94% 94% 94%
Mil El Ry A L 5a.. 9 84% 84% 84%
MKATprIn 5s A. 15 77% 77% 77%
MKAT 6s C 1 94 94 94
MK A T adj 55.... 97 61% 61 61%
Mo Pacific 6s 29 95% 95 96
Mo Pacific gn 45... 52 59% 68% 59
Ne-w- Or Term 4s. .. 4 74% 74% 74%
NY Cent deb 6«... r, 104% 104 V* 104%
N T Cent deb 45... H 88% 88% 88%
N Y Cent r 1 ss. ... 33 95 94% 94%
N Y Cen LS cl 3Via., 5 70% 70 70
New Haven dls iT, 1 40 40 40
New Haven 7s 40 73 72% 72%
N Y State Ry 4%5. 6 65% 65 65
NY W & Bos 4%5. 7 45% 45 45%
Norfolk AWcn 4a 2 88% 88% 88%
Norfolk AW cv 6s. 2 114 114 114
Northern Pac 45... II 82% 82% 82%
North'n Pac r 1 65.. 6 106% 106% 106%
Northern Pac Es. .. 12 95% 96 95%
Ore A Calif Ist 55.. 2 98% 98% 98%
Ore-Wash Ist rs 4s 10 77% 77% 77%
Pennsyl gen 5s 19 100% 100% 100%
Pennsyl gen 4%a.. 26 90% 90% 90%
Pennsyl 6%s 15 108 107% 107%
Pennsyl gold 7s. .. 15 108% 1081* 108%
Pennsylcon 4%5.. 3 95 95 95
Pere Mrq Ist 4s '66 3 80% 80% 80%
Heading gen 45.... 24 83% 63 83
R I Ark A L 4%5... 7 77% 77% 77%
.St LIMA S4s '29. 10 83% 83% 83%
St LASPp 14s A. 9 66% 66% 66%
St LASP pr In ss. 3 81% 81 81%
St L& S P Inc 6»... 11 64% 64% 64%
St LA S F 6%s G., 1 89% 89% 89%
St LA S F adj 65.. 8 77 76% 76%
St LASFpI 6s C. 20 98 97% 9g
Seab’d A L ref 45.. 7 44 44 44
Seab’d A L adj 55.. 22 29% 29% 29%
Seab'd A Leon 65.. 14 65% 65% 60%
Sou Pacific cv 45... 1 91% 91% 9)%
Sou Pacific ref 45.. 2 84 83% 88%
Sou Pacific clt 45.. 4 81 80% 81
Southern Ry Ist 5s 4 93 83 93
Southern Ry gn 4a. 28 67 66% 66%
Southern Ry G%s. . 80 101% 101% 101%
Sou Ry Mobile 45.. 18 77 77 77
1 Third AVe ref 45.,. 1 60 60 60
1 Third Ave adj 55.. 25 58 57% 67%
Union Pac Ist 45... 20 89% 89 89%
Union Pac cv 45... 64 95 95 95
* Union Pac cv 65... 4 103% 103V* 103%
1 Virginia Ry Ist £s. 5 93% 93 93
1 Va By A P Ist 55.. IS 87 86% 87
Western Md 45.... 30 Cl 60% 60%
1 Western Pacific 5s 1 80% 80% 80%
Whel ALE rs 4%5. 12 54% 54 64
I
TOTAL SALES (Par Value):
' llano., 3 019 000 12 noon 6 865 000
, SHORT-TERM SBCTRITIEB.
* (Quotations furnished by Redmond * Oo.>
Close. ,
. _ . . Bid. Offer.
Aluminum « o. or Amer. T, 1925. 103% 1,131*
Aluminuiu Co. of Amer. 7s 1933. KV.’s 100%
* American Cottoo Oil >is 1934... 91% 92
* American Bugar Os 1937 102% 108%
American Tel. A Tel. Os 1924.. 100% 100%
American Tei. A Tel. Os 1921.. Hr' 117%
1 j Anaconda Copper Os 1929 102% 102%
» j Anaconda Copper 7s 1929 103.', 3.03%
s Anglo-American Oil 7' ** 1925.. 102% 102%
I Armour & Co. 7s 1930 105% 105A
I Hell Tell, of Can. 7s 1923 !<«% 10;-;
1 1 Bethlehem Steel 7s 1923 loot* 100%
Canadian Northern 5%s 1924 ... lOO'i 100%
' Canadian Pacific 6s 1924 100-I lot a-
Central Leather 5s 1925 94% I*l, iT
1 C. C.. C. A St. ÜBs 1929 100% 101
* Chicago Tel. 5« 1928 09 % 100%
1 Hu Pont 7%s 1931 10«% 108%
Goodyear T. A K. % 1931 103% 104
Great Northern 7s 1930 107% 108%
Hocking Valley 6s 1924 10OA 100tV
* Humble Oil t>%« 1832 98' 98%
( Kansas City Term. 6, 1923.... lOOA lOOii
Kennecott Copper Ts 1930 103% ]mu
, Libby. McNeil A Libby 7a 1981. 100 100%
1 M . St. P. AS. S M. B%s 1931. 101% 102%
i Morris A Co. 7%» 1930 103 100%
, I'enna. K. It. 7s 1930 108% 198%
■ St. Paul Union Depot 5%b 1923. 109% 100%
1 Sear*. Roebuck A Co. 7s 1823.. 100% 101A
Southwestern Hell T» 1925. ... 102% 103A-
Standsrd Oil of Calif, "a 1931.. lo.i‘ I<Y%
Tidewater Oil CV* 1931 102 I<>2%
Union Tank Car ,s 1930 103 103%
' Western Union B%s 1936... ... 107 107%
’ Weslirghousc E. AM. 7s 1931.. 107% 107%
; a—
) TREASURY CERTIFICATES.
, (Quotations furnished by Redmond A Co.)
, < -Close.- ,
, Rate—Maturity. Bid. Offer,
t 3%s June 15. 1923 99 13 16 99 13-18
* 3%s September 15, 1923... 99 11-16 99 13-16
4s December 15. 1923... 99 11-18 99 13-18
5% a June 15. 1924 101% 101-%
r 5%s September 15, 1924... 101 1-16 101 5-16
- 4%s March 15, 1925 lOby* 100%
4%a June 15, 1925 99,>* 991 i
1 4%s December 13. 1925.,.. 99 99%
4%» March 15, 1926 100VW 100%
j 4%« September 15, 1926... 96% pSiJ
1 4%» December 15. 1927.... 99% 96%
» ————————
» FOREIGN EXCHANGE.
March IT. 1923—13 noon.
(Quotations furnished by W. B. Hibhs * Co.)
Nominal Selling checks
s gold value. today.
s London, pound 4.8685 4.69%
Montreal, dollar. 1.00 .98%
3 Paris, franc 193 ,0832%
Brussels, franc 193 . 0544%
1. Berlin, mark 238 .000048%
* Rome, lira 193 .0482
Zurich, franc .193 .1859
Athena, drachma 193 .019%
i Madrid, peseta 193 .1544
Vienna, crown 2028 .000014%
i Budapest, crown 2020 . 0003% '
i Prague, crown 2026 .0297
Warsaw, mark 238 . 00027
Copenhagen, crown 268 .1928
Christiania, crown. 26S .1818
Stockholm, crown..... .288 . 2684
(, By the Associated Press.
I NEW YORK, March 17.—(Foreign
exchanges steady. Quotations in
United States dollars.) Great Britain,
s demand, 4.69%; cables, 4.69%; sixty
day bills on banks, .0467%; France,
demand, .0628%: cables, .0029; Italv,
- demand, .0480%; cables, .0481; Bel
gium, demand, .0539; cables, .0539%;
, Germany, demand, .000048’4; cables,
.000048%: Holland, demand, .3943;
cables. .3946; Norway, demand, .1809;
Sweden, demand, .2659; Denmark,
demand. .1925; Switzerland, demand,
‘ .1858; Spain, demand, .1544; Greece,
t demand, .0108; Poland. demand,
.000022; Czecho-slovakia, demand.
.0296; Argentine, demand, .3707; Bra
s zil, demand, .1120; Montreal. .97 9-16.
1
When the aparrowhawk is swoop
■ ing down on Its prey it cleaves space
at the speed of 110 miles an hoar.
Grain, Produce and I
Live Stock I
WHOLESALE MARKET.
An upward tendency was shown
In butter and egg prices this morn
ing:. Probably due to the bad
weather receipts of eggs fell oft a i
trifle yesterday, and the result was
that an Increase of 1 cent a dozen
was registered this morning.
An advance of 1 cent a pound In
the price of butter was noted. Re
ceipts of butter have not been heavy
the past few weeks. It Is stated, and
reduced prices are not expected until
the weather settles.
•Meat prices are about the same as
the past week, the market on lambs
being firmer than on other meat
products.
Eggs—Strictly fresh, selected, can
died. per dozen, 26a27; average receipts,
25; southern, 25.
Live poultry—Roosters, per lb., 18;
turkeys, per lb., 30a40; spring chickens,
per lb.. 38a42; keats, young, each, 60;
fowls, each, 30.
Dressed poultry—Fresh-killed spring
chickens, per lb., 45a50; hens, per lb.,
33a34; roosters, per lb., 19a20; turkeys,
per lb., 35a40; keats, young, each, 70a*0.
Live stock—Calves, choice, per lb.,
12%; medium, per lb., 10al2; thin, per
lb., Ba 9. Lambs, choice, per lb., 13. Live
pigs, 3.00a8.00 each; live hogs, per lb„ 9.
Green fruits—Apples, per bbl., I.BOa
6,H0. California oranges, per crate, £.50
6.50; Delicious. No. 1, per bbl,, 6.00a
9.00. California oranges, per crate, 5.50
a6.00; Florida. 4.00a5.00. Lemons, per
box, 5.00a5.50. Grapefruit. 3.50a4.60.
Tangerines. 4.00a5.50.
Vegetables—Potatoes, per bbl., No. 1,
1 50a2.00; per sack, 2.25a2.50; No. 2, BOa
1.00. Sweet potatoes. North Carolina,
1.00a2.00; nearby, 2.00a2.80. Lettuce, per
crate, southern, 50a2.50; Komalne let
tuce, per crate, 1.50a2.00; Iceburg let
tuce, per crate, 4.25a4.50. Cabbage,
northern, 3.00a4.00 per 100 pounds: near
by cabbage, per bbl., 1.50a2.50; southern.
2.50a3.50 per basket. Eggplants, per
crate, 2.50a5.00. Tomatoes, per box.
Florida, 1.50a4.00. Beans, 4.00a5.00 per
basket. Peas. 3.00a5.00 per basket. Pep
pers, per crate, Florida, 2.50a3.80. Kale,
per barrel, 2.50a3.00. Spinach, per bbl.,
2,£0a4.00. Celery, per crate. Florida,
2.75a3.25, Brussels sprouts. 25a30.
Squash, S.OOaS.OO. Florida lima beans,
3.50a4.50 per basket.
GRAIN AND PROVISIONS.
BALTIMORE, Md, March 17 (Spe
cial). —Potatoes, white, 100 pounds.
75a1.50; 150-pound sacks, 1.00a2.50;
sweets, barrel. 1.00a1.75; bushel, £oa6s;
yams, barrel, 1.25a1.50; bushel. £oa6s;
beans, bushel, 2.50a4.50; beets, 100,
6.ooa8.00; brussels sprouts, quart, 25a
30; cabbage, hamper, 2.75a3.E0; car
rots. basket, 50a60; cauliflower, crate,
2.25a2.50; celery, crate, 2.00a2.75;
cucumbers, crate, 5.00a8.00; eggplants,
crate, 4.00a6 00; horseradish, bushel,
3.00a4.00; kale and broccoli, barrel,
1.75a2.00; lettuce, basket. 50a1.50;
onions, 100 pounds. 1.50a3.75; oyster
plants. 100, 10.00al2.00; parsnips,
bushel, 1.75a2.00; peas, bushel, S.BOa
4,50; peppers, crate, 1.50a2.50: spinach,
barrel, 1.25a2.00; squash, crate, 3.00a
4.00; tomatoes, crate, 1.50a5.5C ; turnips,
basket, 60a60.
Apples, packed, barrel, 3.00a6.00;
bushel, l.OOal.78; loose, 100 pounds.
1.60a2.00; basket, 50a75; cranberries,
barrel, 8.00al2.00; box.
3.00a4.50; oranges, box, 3.75a4.50;
strawberries, quart, 25a57; tangerines,
half strap, 3.50a 4.00.
Selling Price* at 12«30.
Wheat—No. 1 red winter, spot, no
quotations; No. 2 red winter, spot.
1.35%; No. 3 red winter, spot, no
quotations: No. 2 red winter, garlicky,
1.35%; No. 2 red winter, garlicky, no
quotations; March, 1.35%.
Pales —Bag lot of nearby at 1.25 per
bushel.
Corn—Cob com. new, 4.60 per bar
rel; contract, spot, 84 per bushel;
No. 2 corn, spot, 96%; No. 4. no quo
tations; track corn, yellow. No. 3 or
better, 88a89 per bushel.
Sales—None.
Oats —White, No. 2, 54%a5-5 per
bushel; No. 3. 53%a54.
Rye—Nearby, 85a90 per bushel; No.
2, western export, spot, 93% per
bushel; No. 3, no quotations.
Hay—Receipts, 11 tons; top grade
timothy and light clover, mixed, in
moderate demand at a range of 17.00
to 21.00 per ton, with no surplus of
really desirable hay.
Straw—No. 1 tangled rye. 15.00a
16.00; No. 1 wheat, 12.00a12.60; No. 1
oat, nominal, 14.00a15.00.
TODAY’S CHICAGO PRICKS.
CHICAGO. March 17. —European de
mand for wheat continued today, and
values here started upgrade during
the early dealings. Strength in
, Liverpool also was reflected on this
side of the Atlantic. At the start there
was a fairly liberal trade with for
i elgners, who bought May. July and
, September partly by direct cables
May soon touched 1.21%, the highest
price since the middle of February.
Some scattered commission house
buying shortly became much in evi
dence. but the bulge soon brought out
increased pressure, which resulted in
a reaction to around yesterday's fin
ish. After opening unchanged to %
higher, with May 1.21% to 1.21%.
and July 1.16, the wheat market
steadied a trifle, then underwent a
i slight setback.
Corn and oats responded with the ac
■ tlon In wheat, trade being mostly of a
local character with some short cover
ing. After starting unchanged to %
■ up , May 74% to 74%, the com market
. hardened a little more on all deliveries.
Oats opened unchanged to % higher;
May, 45% to 45%, and held near to the
| Initial range.
Provisions were lower In the line
with a decline In hog values.
CHICAGO, March 17.
WHEAT— open. High. Low. Close.
1 Mav 1.21 1.22% 1.20% 1.22
July 1.15% l.lrtv 1.15% 1.16%
September 1,14% 1.14% 1.14% 1 14%
C’OKN—
May 74% .75% .74% .75%
July 76% .77% .76% .77%
September ..... .78% .78% .77% .78%
1 OATS
-1 May 45% .45% .45% .45%
1 July 45 .45% .44% .45
September 43% .43% .43% .43%
1 LAUD—
May 12,35 12.35 12.15 12.15
July 12.45 12.47 12.27 12.30
1 RIBS—
! Mar 11.02
| July 11.87 11.37 11.26 11.25
DAIRY PHODIOTS.
BALTIMORE, Md.. March 17 (Spe
cial). —Live poultry—Turkeys, pound,
55a42; old toms. SO; poor and crooked
> breasts, 25; young chickens. 32a40;
rough stags and leghorns, 24a28; old
| hens, 2&a29; small and leghorns. 26a
} 27; old roosters, 17. Ducks. 28a32:
‘ small and poor, 24a25. Pigeons, pair,
85a40. Guinea fowls, each, 40a60.
Dressed poultry—Turkeys, pound, 85
a42; old toms, 30a32; poor and crooked
breasts, 26; young chickens. 34a36; old
and mixed, 28a30; old roosters. 18.
Ducks, 30a32. Capons, 57a42; small
slips, 30a32.
Eggs, loss off—Native and nearby
firsts, doaen, 25; southern, 24; duck
eggs, 63.
Butter —Creamery, fancy, pound, 60
i asl; prints. 82a63; nearby creamery, 46
, a47; ladles. 40a42; rolls, 38a40; store
packed. 38; dairy prints, SBa4o; proc
ess butter, 43a44.
■ MARCH IN CIRCLE 84 HOURS J
Not One in Caterpillar Chain Had
Sense Enough to Stop.
Fabre, “The Insect Homer," relates.
In one of his books, an Interesting ex
periment he made with certain cater
pillars called "processionaries, ’’ because
of their habit of following one another |
, — noße to tail—ln a long unbroken pro- |
cession, apparently without aim or ob
jective, except that of the one which
> happens to lead.
Fabre placed a complete circle of
caterpillars upon the narrow ledge of a
’ moulding around the circumference of
’ an earthenware jar. There was no
leader; each one had his head to the 1
’ tall of the one in front. And they 1
' marched In solemn parade around the
| endless track for eighty-four hours, and
| apparently only a chance diversion
| saved them from literally marching
, themselves to death. No single one of
, the Insects had sufficient Initiative In
. all those hours to leave the procession,
- to crawl off the ledge and to branch
. out for himself.
The energy value of the avocado or
i alligator pear Is more than twico
that of most other fruits.
FINANCIAL,
MANY GOOD JOBS
ARE GOING BEGGING
Manufacturers Losing Vast
Sums Through Lack
of Labor.
MY J. C. HOYUk
Special Dispatch In The Star.
NEW YORK, March 17.—Good yob*
are going begging. Despite this, there
are thousands of workers today who
are voluntarily unemployed hanging
around and waiting for a job that juv
strikes their fancy. Thousands of dol- >
larc’ worth of business which rolgh*
be handled at a profit by manufactur
ers, producers and carriers are being
! lost In consequence. Steel mills are
operating at a rate unequaied before
war expansion of plants. Between
35,000,000 and 40,500,000 cotton spin
dies are active. Employment in the s
automobile and other Industrial plants ■
In Detroit today has reached 325,000
workers, the high point of all lime.
The building trades are begging for
trained men and the farms are offering
wages unheard of In other years
Labor disputes, however, are looming
as possibilities. Textile workers o'
New England have determined to de
mand an Increase in pay, and a strike
of 36,000 operatives is the alternative
they offer to the granting of their de
mande. Other factory workers also
are preparing for a struggle which ,
may involve thousands of e.mployes. 1
I'Ovr Clothing Price*,
Perhaps the most dominant facto:
In the commercial mercantile field
of the week has been the low prlc«<9
named for spring and fall clothing
by Hart Hhaffner & Marx of Chicago.
They have announced their whole
sale prices for men's garments on a
basis of $22 for men’s suits and $22.50
for overcoats.
This has forced the other clothing
manufacturers either to meet these
prices or scramble for the leavings.
It is generally admitted In the cloth
ing trade that the Chicago firm is in
a position to book whatever amour.'. .
of business it desires at these figure*. ’
Raw Wool Market Stationary.
The shearing of wool on the west
em ranges has begun in earnest, but
marketing of the product has not
kept pace. The easing of the foreign
markets, while slight, has set a defi
nlte limit on the possible advance
of prices to domestic growers and
buyers now in the field are extremely
cautious In considering the demands
of growers. The latter, however,
have not lost faith In the statistical r
position of the staple and are deter
mined to exact the last cent possible
from the mills. Few- dealers, how
ever. believe that even the Jericho
pool In Utah will bring the 60-cents
a-pound demand for It,
Cotton Cloth In Strong Position.
Cotton cloths have shown no fa!!;r.*
off. either In production, sales cr
prices. Retailers are filling their re
quirements up to and beyond July 1
and mills are cautious about booking >
more business at present price levels
There is small doubt that cotton
acreage will ren-.h record proportions,
but the size of the crop is dependent
on weather conditions and supply of
insecticides. The bitter dispute be
tween Dr. Miller Reese Hutchinson
head of the national campaign ! r
boll weevil control, and the America:
Cotton Association bids fair to leave
more contracts among the contestant-;
than among the weevils, which both
seek to check.
Price of Calcium Arsenite. i
The boll weevil poison has ceased t
advance and la stationary at 18 ctni*
a pound with more in sight than was
expected. It is asserted that 22,300,00 u
pounds are now available and the cop
per smelters, the main producers, are
more active than for two years.
The prices for raw silk have strength
ened rather than weakened. The Japa
nese varieties have not advanced, but,
the Canton silks have moved up to a»
parity at the Yokohama and New Tor'
markets.
The vogue for Deauville handker
chiefs has been so * xcepiional that thes
pieces of silt; now tell for from $5 u
slo each at retail.
Lumber mills are now at full capac
its, copper, lead and tin are steady, and
-strong lubricating oils are advancing li
price, and Fisk tires, following the gen
eral trend, were advanced today 10 pe
cent.
‘Copyright, 1&23.1
NEW ENGLAND FACING
GREAT TEXTILE STRIKE
Answer to Increased Wage De
mand at Fall River Expected
Early Next Week.
Ej the Asso-Uted Prs»».
FALL RIVER. Maes, March 11
James Tansey, president of the Tex
til© Council, said today that the cour (
ell would stand pat on its demand sor 4
a 15 per cent wag© advance for 36,000
operatives In ill Fall River cotton
mills pending a reply from the manu
facturers’ attooi iatlon. It was ex
pected that th© association’s execu
tive committee, .which considered the
demand at a meeting yesterday, would
send an answer to th© council early
next week. Meanwhile the manufac -
turers refuse to discuss the situation,
which threatens a strike in the local
mills.
The United Textile Workers or
America at a meeting here lomorroi
w*ill discuss the efforts of President
Thomas F. McMahon to Induce the
manufacturers to confer with repre -
sentatlves of his union on its demand
for a 29% per cent increase in wages
The manufacturers recently an
nounced that they would not even
consider this demand.
CHICAGO LIVE STOCK MARKET.
CHICAGO, March 17 (United States
Department of Agriculture-)—Hogs,
receipts 15,000 head; slow', unevenly
10 to 25 lower; close, dull; bulk, 16$
to 200 pound averages. 8.45a8.5.,.
bulk, good and choice 240 to 323
pound butchers, 5.15a5.35; few pack
Ing sows around 7.50; pigs mostly
T.25a5.00; estimated holdover, 6,000.
Heavy hogs, 8.10a5.35; medium, 8 35a
5.50: light, 5.35a8.60; light, 8.00a5.53;
packing sows, smooth. 7.35a7.75:
packing sows, rough. 7.20a7.45; kill
ing pigs. 7.00a8.25.
Cattle —Receipts, 1.500 head; compared /
• week ago beef steers steady to 2o '
higher, good to choice yearlings and
handy weight reflecting advance; ex
treme top long yearlings, 10.25; best
handy and matured steers, 10.10;
numerous lots beef steers and year
lings, 9.50al«,00; beef cows and belt
era, largely 50 higher; spots up more
canners and cutters, stockers and
feeders, veal calves, 50 to 75 up; week's
bulk, 25 higher; bulls, 25 to 50 higher.
Prices follow: Beef steers, 5.25a9.50;
| stockera and feeders 6 5Oa8.00; bee?
i cows and heifers. 5.25a7.50; canners ,
and cutters. 3.50a4.50; veal calves. *
9.25a10.26.
Sheep—Receipts, 1,500 head; mar
ket steady compared week ago; fat.
lambs, 25 to 50 lower; fed., yearling
wethers, weak to 25 lower; fat sheep
steady to strong; week’s top fat.
lambs. 15.15 to city butchers: closing
top, 14.75 to packers; bulk desirable
fat wooled lambs. 14.00a14.60; good
kind, ll.2oal2.00; fall shorn up to
12.75: choice eighty-seven pound fed
yearlings, 13.40; heavier kind, 12.50:
desirable fed ewes up to 8.75; bulk
lightweight kind, 8.25a8.60; heavies,
V.OOag.OO mostly; choice nineiy-slx
pound aged wethers up to 9.50; bulk
8.50a9.00: week's top feeding and
shearing lambs, 15.00.
Do not deapiso commonplaces, most*
cf them are true.

Evening star. [volume], March 17, 1923, Page 20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], March 17, 1923, Page 20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972