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28 MARKET UNSETTLED: IN IMG TODAY Stocks Stiffen in Afternoon, But List Is Very Irregular. Oil Shares Weak. BY JtTI'AIIT P. WEST. Special Dispatch to The Star. NEW YORK, September ti. —The stock exchange movement pursued a more irregular tour.se today, but most of the time prices were inclined up -0 ward, and the improvement took in a greater number of issues. Professional | traders were responsible, neverthe less. for tlie uphidding in sueh groups as the steels, the railway equipments, the can shares and in specialties like the silk stocks and Davison Chemical. Where recessions occurred, they represented chiefly speculative realizing, while the stimulus given to the advance was still ascribed largely to short coverings. It was the opin ion of the more optimistic Interests that American Industries would bene fit from the demand by Japan for materials to rehabilitate the area laid waste, and to provide other necessities for her stricken people. The opposite view was that the world at large would feel the effects of the vast destruction of capital. Market In Unsettled. In the meantime, the stock market remained unsettled, with periods of strength sufficient to keep it the center of 'nteiest. The steel shares absorbed much of the attention from the outset with a sharp run-up in Gulf States Steel, accompanied by rising prices in other independent steel concerns. Pool support was credited with the buying In Gulf States. United Slates Steel common held firm, while Bethlehem. Crucible and Republic went ahead. \ The equipment shares, under the lead of American Locomotive, were actively bought for a. time. Baldwin was active above 125 and Lima Loco motive attracted renewed buying. The high railway freight loadings and orders for new locomotives were the basis for the efforts to hid up prices. Davison Chemical had an other advance well above the lift level. Mailison and Kayser were again features of the industrial share list. Oil Share, Unit]’. During the greater part of the time today the oil stocks paid scarcely /a nj* heed to the conflicting events in the petroleum industry and, although they were generally heavy, no important selling appeared. The view has been adopted by some people that the oil i trade has seen perhaps its worst, j However, they are cautious in their J commitments in the shares of the j domestic producers on the ground that the improvement expected might I proceed slowly and even suffer minor setbacks. The spurt of buying in the shares of Cuban sugar producing companies recently has had practically no sequel on the side of advance, and coinci dent with this sluggishness in the sugar stocks there has been a lack of any fresh stimulus in the way of trade news. Dividend talk in connec- j tion with the Cuhan-American and I Punta Alegre has influenced some buying. Equipment Issues Strong. Traders turned to the stocks of railway equipment makers to broaden their campaign for higher prices, and Baldwin Locomotive. American Loco motive and Lima Ohio all shared in the advance. The buying was at tributed to the heavy freight ship ments and to the idea that the rail way equipment companies, in the same way as the steel industry, would ! benefit from any replacement demand j in Japan. In the afternoon stock exchange j trading became increasingly dull and { dragged along in a listless fashion. ( The general list held up extremely I well, while a number of special move ments were in progress. Among the features in the last hour were du Font, which was bid up ap proximately 3 points above the Wednesday final on favorable divi dend talk and the belief that the com pany's business in silk would show , larger profit. Can Stocks Still Higher. American Can and Continental Can were strong, with the latter at a new high for the year. Vanadium Cor poration. which closed under 33 on the preceding day, was active at and above 34. It was simply making a tardy response to the better outlook for the steel companies. Reynolds, Tobacco B was around its top price for the year, while Chicago and Alton preferred and common stocks were active close to Wednesday’s high prices. No reflection could be found in the general railway share list of any change of feeling regarding the virtual deadlock in the anthracite coal strike situation. One of the most important pieces of trade news affecting the stock market was the announcement by the American Railway Association of figures showing that loadings of rev enue freight for the week of August 25 amounted to 1.069,932 cars, ex ■ reeding the previous weekly high Inark made in July by 28.888 cars. These figures may be regarded as an excellent gauge of business activity. Mellon's Statement IteaHNoriug. Secretary Mellon’s statement that Japanese finances were in good shape and that any loans for rehabilitation ' purposes would be financed through private sources and not by applica tion for a loan from this government, was reassuring to manufacturers, es- . peclally as the Secretary stressed the probability of large demand for steel sheets and pipe. Oil production for last week gained, but the increase was not of sufficient size to have a marked' effect on the situation. Cuts in gasoline prices were recorded in California, but pro duction of automobiles affecting con sumption of that commodity showed no signs of slackening despite the recent reductions in prices of some makes. STEEL STOCKS PUSHED UP. Lead Late Trading—Sales About 600,000 Shares. By the Associated Press. NEW YORK, September 6.—Mixed price movements took place in today’s stock market, but the main trend was again upward. Liquidation of certain oil and automotive shares was counteracted by the brisk demand for steels, equipments and tobaccos. Sales approximated 600,000 shares. The closing was firm. Independent Steel shares were bid up sharply in the late dealings. Republican rising nearly 3 points. High-priced tobac cos also were buoyant. Lorillard climbing 12%, and American Snuff and Tobacco A and B, 2 to 4 points. SUGAR DIVIDEND VOTED. DENVER. September 6.—The Great Western Sugar Company has de clared its regular quarterly dividend of $1.75 a share on preferred stock and $1 a share on common stock to stockholders of record September 18. The dividend, which will amount to about $862,500, will be paid on October 2, it was said. v LIVERPOOL COTTON. LIVERPOOL, September 6.—Cbn ton, spot, good demand, but business moderate; prices, firm. Good, middling, tiling, 16.57; fully middling. 16.02; middling, 15.67; low middling, 15.17; good ordinary, 14.67, ordi nary, 14.37. Sales —12,000 bales including 4,400 American. Receipts— -1,000 bales, including 300 American. Futures closed steady. September, 15.05; October. 14.63; December,, 14.39; January, 14.27; March, 14.16: July J 3.71 % . FINANCIAL.' NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. Low. Close. J Adams Express. 71 71 71 71 | Adv Rumley.... 9% 9% 9Vi 944, Alaska Juneau.. % % ’A % I Allied Chem 68* 68% 67% 67*4 Allied Chempf. 108 108 108 108 ) Allis Chalmers.. 44 44% 44 44H [ Allis Chaim pf.. 92 92 92 92 | Am Acr Chem.. 16% 16% 16 I 6 • Am Beet Sugar. 31% 31% 81% 31% Am Bosch 36 37 36 86 Am Can 99% 100% 98% 98% Am Can pf 106 106 106 106 Am Car & Fdy.. 164% 164% 164 164 Am Chain (A).. 21% 21% 21% 21% Am Cotton Oil.. 7% 7% 7% 7% Am Cot Oil pf... 24 24 2* 24 Am Druggist... 4% 4% 4% 4% Am H & Leath.. 8% 8% «% 8% Am H & Lea pf.. 43% 43% 43% 43% Am Ice 97 97 97 97 Am InternatT... 20% £O% 19% i 9% Am La Prance.. 11% 11% 11% 11% Am Locomotive. 73% 75% 73% 74% Am Radiator... 83 83% 83 83% Am Safe Razor. 6 6 6 6 Am Ship & Com. 13% 13% 13% 13% Am Smelting... 59% 59% 58% 58% Am Smelt pf 96% 96% 96 96 Am Snuff 137 140 137 139% Am Sugar 66% 66% 66*4 66% Am Steel Kdy... 36% 87V* 86% 87 Am Sumatra. ... 24 24% 24 24% AmTelftT.leg 121% 124% 124% 124% Am Tobacco 147% 150% 147% 150% Am Tohac (B) . 144% 148 141% 147% Am Toh pf (n). . 102% 102% 102% 102% Am Water Wks. 40% 40% 40% 40% Am WW 6% pf. 61 61 61 61 Am Woolen 88% 88% 87% 87% Anaconda 40% 40% 40% 40% Arnold Qonstab. 16% 16% 15 15% Asso I> Goods. ~ 84% 84% 84% 84% Atchison 97 \ 97% 97% 97% Atchison pf 87% 87% 87% 87% Allan Bir& All. 1% 1% 1% 1* All Fruit cifs... 1% 1% 1% 1% Atlantic Gulf... 16 16% 16 16% Atl Gulf pf 14% 14% 14% 14% Atlas Powder... 56 56 56 66 Atlas Tack 12 12 11% 11% Austin Nichols. 26 26% 26 26 Raldwin Loco. .. 124% 125% 124% 124% Balto * 0hi0... 50% 50 k 49% ,60% Balto & Ohio pf. 56% 66% 66% 56% Barnesdall (A). 12% 13% 12% 13% Barnesdall (B). 8% 8% 8 8 Batopilas Min.. Vs % % % Beechnut Pack. 76% 76% 74 75 Beth Steel 64% 55% 54 54% Beth Stl 7% (n). 94 94 94 94 Bklvn Edison. .. 109 109% 109 109% Hklyn Rap T fp.. 32% 32% 32% 32% Bkiyn L'n Gas. . 110 110 110 110 Buff Rch & Pitts 68 58 58 58 Butte Copper... 5% 5% 5% 6% Butte & Sup«r... 15% 16% 15% 15% Calif Pack 80 80 80 80 Calif Petrol 20% 20% 20 20 j Calif Petrol pf.. 97% 97% 97% 97% Callahan Zinc.. 6% 5% 6% 5% Canadian Pac... 142% 142% 142% 142% Case (J I) pf 168 68 68 68 Central Leath.. 20 20% 19% 20 Cent Leath pf... 51% 61% 51% 51% Cerro de Pasco. 40 40 39% 39% Certain-Teed... 34 34 34 34 Chandler Mot... 54% 54% 63% 63% Chesap & Ohio.. 63 63 62% 62% Chi & A1t0n..... 3% 3% 3 3 Chi & Alton pf.. 8% 8% 6% 7% Chi & East 111... 25 25 25 25 Chi Great W pf. 11 11 I°% I°** Chi Mil &StP. .. 17% 17% 17 17% ChiMilftStPpf 29% SO 29% 29% ChiStPM&O-. 64% 54% 54% 64% CStPM&Opf.. 86% 86% 86% 86% Chi & Northwn. 67% 68 67% 67% Chi RI & Pac... 22% 22% 22% £2% Chi R I&P 7% pf 79% 79% 79% 79% Chile Copper 2b% 26% 16% £6% Chino Copper... 16% 16% 16% 16 duett Peabody. 73 73% 73 73% Coca-Cola-.... 77% 78% 77% 78% Colo Fuel 30% 31 30% 30% Colo & South... 25 25 25 26 Colo ft South Ist 49 49 49 49 Colo & Sou 2d. .. 42 42 42 42 Columbia Gas.. 36% 65% 65 65 Columbia Graph % % % % Col Graph pf.... 4% 4% 4% 4% Columbn Carbon 48 48% 48 4fc% Comp Tabulat.. 74V* 74% 74% 74% Cons Cigar 23% 24% 23% 24% Cons Gas of NY. 62% 62* • 61% 61% Cons Textile.... 8% 9 8% 8% Cent Can 50% 51% 50% 51% Continental Mot 7% 7% 7% 7% Corn Products.. 128% 128% 127 127 Cosden&Co 30% 30% 30 30% Cosdenpf 90 90 90 90 Crucible Steel., 67 68'% 67 67% Crucible Stl pf.. 90% 90% 96% 90% Cuban-Am Sug. 28 28% 28 28% CubAmSngpf. 94% 94% 94% 94% Cuba Cane Sug.. 12 . 12 11% 11% Cuba Cane S pf.. 44% 45 44V* 45 Cuban Dom pf.. 36 36% 35% 36% Cuyamel Fruit.. 65% 66% 65 65 Davidson Chem. 50 54 49% 60% De Beers 22% 22% 22% 22% Del & Hudson... 107% 107% 107% 107% Detroit Edison.. 103% 103% 103 103 Douglas Corpn. 13 13 IS 13 Dupont <E 1)... 135% 137% 134% 137% Eaton Axle &Sp 25% 25% 26% 26% Elec Stor Bat... 60% 61 60% 61 Endlcott-John.. 68% 68% 68% 68% Erie. 15% 15% 14% 14% Erie Ist pf 23% 25% 22% 23 Erie 2d pf 17 17 . 16% . 1,6% Famous Players 76 76 74% 75 Fidelity F Ins. . 112% 112% 112% 112% Fisher 80dy... • 170 -190- 170- 170 Fisher BofO pf 99% 99% 99% 99% Fisk Rubber.... 8% 8% 8% 8% Foundation Co.• 70% 70% 66% 68- Freeport Texas. 14 14 14 14 Gen Asphalt.. 34% 35% 33% 84 Gen Asphalt pf.- 65% 65% 65% 66% Gen Cigar 81% 83% 81% 83% Gen Electric 173% 174 172% 172% Gen Elec 5p1.... 10% 11 10% 11 Gen M0t0r5..... 15% 15% 15% 15% Gen Mot 6% deb. 82 82 82 82 Gold win Corp... 17% 17% 17 17% Goodrich 26 26% 26 26% Goodrich pf 81% 81% 81% 81% Goodyear pr pf.. 94% 94% 94% 94%. Granby Consol.. 18 18 18 18 Gt Northern pf.. 59% 69% £B% 68% Great Nor Ore... 30% 30% 30 30 Gulf St Steel.... 89 90% 88% 88% Harbishaw Cab. % % % % Hayes Wheel... 86% 36% 36% 86% Hendee Ms g.. * • 18 20% 18 20% Homestake 61 61 61 61 Househ d Prod.. 82% 82% 82% 82% Houston 0H...« 50 50% 49 49 f Hudson Motors. 26% 26% 26% 26% Hupp Motors... 20 20% 20 20% Hydraulic Stl..• 1% 2% 1% 2% Illinois Central. 106 106 106 106 Indlahoma -3% 8% 8% 3% Inland Steel.• 82 84 82 84 inspiration 28% 28% 28% 28% In Ag Chemical. 4% 4% 4% 4% Int Cement....• 37 37 87 87 In Combust E... 23 28% 22% 28% Int Harvester.,. 76 76% 76 76 Int Harvester pf 107% 107% 107% 107% Int Mer Marine. 7% 7% 7% 7% Int M Marine pf. 27% 28 26% 26% Int Nickel 13 13 12% 12% Inti Paper 85% 85% 85% 85% Intertype Corp.. 82 32 82 32 Invincible 0i1... 9 9 9 9 Iron Products... 44% 45 43% ,43% Iron Prod ctfs.. 48% 44% 43% 48% island Oil » % % % % Jewel Tea 18% 18% 18% 18% Jones Tea..... 67 57 66 66fl Kansas City 8.. 17% 18 17% 18 Kayser (Julius) 42% 43 41% 42 Kelly-Spr Tire.. 84% 34% 33% 88% Kennecott 84% 84% 84% 84% Lehigh Valley.. 61% 61% 61 61% Llg& Myers pf. 116% 116% 116% 116% Lima Locoino... 66% 67% 66% 67% Loews Inc 17 17% 17 17 Loose-Wiles.... 67% 57% 57 57 Lorillard (P)... 168% 172% 168% 169 Mack Trucks... 8-1% 81% 80% 80% Mack Trucks Ist 94 94 94 94 Mackay C 05.... 108 108 108 108 Mallinson&Co. 80% 81% 80% 31% Manhat El Sup.. 40%- 40% 40% 40% Manhattan Elev 43 43 43 43 Marland 0i1..... 29 29 27% 28% Martin-Parry... 31 31% 81 81 Mathlson Alklll. 43% 44% 48% 44% Maxwell (A)...j 43 43% 43 48% Maxwell (8)... 13% 13% 13% 18% May,Dp Stores.. 79% 79% 79% 77% Mclntyre For... 16% 16% !©■ 16 Mex Seaboard.. 9% 9% 9% 9% Middle St 0i1... 6% 5% 6% 6% Midvale Steel... 28% 28% 28% 28% Minn &St L (n). 1% 1% 1% 1% MinStP&SSM.. 57% 57% 57% 67% Mo Kan & Tex.. 11% 11% U% n% Mo K & Tex pf. * 29%-29%-28% 28% THE EVENING STAR, WASHINGTON, I). C.y THURSDAY, SEPTEMBER 6. 1923. Open. High. Low. Close. Mo Pacific. 10% 10% 10% 10% Mo Pacific pf 80 30% 29% 29% Montg’y Ward.. 22% 22% 22% 22% Moon Motors... 25 26 24% 25 Mother Lode..., 9% 9% 9 9% Nash Motors., 92 92 92 92 Nat Biscuit..... 48% 48% 48 48% Natl Dept Stores 39% 89% 89% 89% Natl Dept Sto pf 93 93% 93 93% Natl Enamel.... 64% 64% 64% 64'/* Nat Ros Mx Ist. 6 6 6 6 Natl Ry of M 2d. 2% 2% 2% 2% Nevada Copper. 11% 12 11% 12 NOr Tex & Me*. 89% 89% 89% 89% NTAIf Brake.. 34% 84% 34% 34% NY Air Brk (A). 48% 48% 48% 48% NY Central 100 100 99% 99% NYChI&StL... 74% 75% 74% 75 NYC&StL pf(n). 89 90 89 90 NY Dock 18% 18% 17% 17% NVNHftHartfd. 13% 13% 13 13 N Y Shipbldg... 9% 10 9% 10 Sort Sc Western 105 105 105 105 North Aaier.... 22 22 21% 22 North Pacific... 60% 60% 59% 59% Ohio Bdy & Blvr. 4 4 4 4 Ohio Fuel Sup.. 31% 31% 31% 81% Oklahoma Prod. 1% 1% 1% 1% j Orpheum Clrcull 18% 18% 18% 18% Otis Steel 9 9% 9 9% j Owens Bottle... 45 45 45 45 1 Pacific Develop. % % % % Pacific Mail 9% 9% 9 9 Pacific OH 34% 34% 34% 84% Packard Motor. 13 13 12% 12% Pan-Am Pete... 60 60 58 59 Pan-AmP(B).. 69 59% 56% 57% Pennsylvania... 43 43 42% 42% Penn Seabd Stl. 3 8% 3 3% People’s Gas 93% 93% 93% 93% Pere Marquette. 44% 44% 43% 43% Philip Morris. .. 16 17% 16 17% Phillips Pete... 24 24 23% £3% Pierce-Arrow .. 9H 9% 9% 9% Pitts Coal pf 99 99 99 99 Pitts Sc W Va... 42% 42% 42% 42% Pressed Stl Car. 56% 56% 56% 56% Produc Sc Ref... 25% 26% 24%. 24% Pub Service. ... 46 46 46 46 Pullman Co 117% 117% 117% 117% Punta Alegre... 52 52% 62 52% Pure Oil 19 19% 18% 18* Rapid Tran Sec. 13% 13% 13% 13% Rap Tran Sec pf 36% 36% 36 36 Say Con Copper 10 10% 10 10% Reading 75 75% 75 75 Replogle Steel.. 12% 13% 12% 13% Rep ir & Steel.. 49 50% 48% 50% Rep Ir ft Stl pf.. 94% 94% 94% 94% Reynolds Spr. .. 21% 21% 21 21 ReyTobac (B). 66% 67% 66% 67% ReyTobpfß... 115% 115% 115% 115% St Lft San Kran 19 19 19 19 St LftSan Fr pf. 41 41 41 41 St L Southwn. .. 28% 28% 28% 28% St L South pf... 67 57 57 67 Savage Arms... 33V* 83% 31% 32 Schulte Stores.. 95 95% 95 96% Sears Roebuck.. 81% 81% 81 81 Sears Roebk pf. 108% 108% 108% 108% Seneca Copper.. 8 8 8 8 Shell Union 17% 17% 17 17% Simms Petrol... 7% 7% 7% 7% Simmons 26 26 26 26 Sinclair Oil 21% 21% 20% 20% Sinclair pf 83% 83% 83% 83% Shelly Oil 13% 13% 12% 12% Slosa-Shelfleld.. 49 49% 49 49% South Pacific.., 88 68 87% 88 Southern Rwy.. 32* 32% 32* 32% Southern Ry pf. 68% 68% 68% 68* Spicer Mfg Co.. 17 17 17 17 St Oil of Calif... 51% 61% 60% 50% Stand Oil of NJ. 33 33% 32% 83% St Oil of N J pf.. 115% 115% ns* 115* Sterling Prod.ss 55 65 55 Stewart-Warnei 89% 90% 89% 89% Strombg Carb.. 72 72 71% 72 Studebaker 106% 107% 105* 105% Submarine 8t... 10 10 9% 9* Superior Steel.. 28% 28% 28% 28% Tenn Copper... 9% 9% 9% 9% Texas Company 42% 42% 41% 42 Tex Gulf Sulph. 58% 58% tiß% 58% Texas ft Pacific. 18* 18% 18% 18% Tex ft PC ft OIL 8 8 7% 7% Timken Bearing 39 39 88% 38% Tobacco Prod.,. 54% 55* 64% 55% Tobacco Prod A. 83 83% 83 83% Trans Cont Oil.. 4* 4* 4 4% Twin CR Tran. 67% 68 67% 68 Union Pacific... 131% 131* 131 131 Un Tank Cr pf.. 106 106 106 106 Un Cigar Sirs... 206 205 205 205 United Ry Inv.. 12 12 12 12 Utd Ry Inv pf... 39 39 37 37 Utd Retail Sirs. 76% 77 76% 77 US Cast I Pipe. 30* 30* 29% 30* U SCast Ir P pf. 73% 73% 73% 73% US Food Prod.. 5% 5% 5 6 US Indus Alco.. 55% 56 65 55 US Realty 95 97% 96 97% U S Realty pf... 101 104% 104 104% US Rubber 43% 44 43 43% US Steel 93% 93* 93 93 US Steel pf H 6% 116% 116* 116* Utah Copper 60% 60% 60% 60% Utah Securities. 17% 17% 16* 16* Vanadium Corp. 32% 34% 32% 33% Van Raalte 38% 88% 38 38 Va-CarChem... 12* 12% 12% 12% Va Ry & Power.. 40 40 40 40 Vlvadou 18% 19 18% 19 Wabash pf (A). 28 28 28 28 Web&Hellbrn. 14% 14% 14* 14% Wells-Fr Exp... 36 37 36 37 Western Md.... 10 10 10 10 Western Md. 2d. 18% 18% 18% 18% West Pac pf.... 58% 68% 58% 5e% West Penn Co.. 42 42 42 42 Western Union. 108 108 108 108 Westhse EI&M. 69* 59* 59 69* Wheellng&LE. 7% 7% 7% 7% White Eag OIL. 21% 22 21% 21% White M0t0r.... 51* 51* 51* 61* Wlckwiro 8% 8* 8 -8* Wilson Co 24% 24% 24% 24% Willys-Overld.. 7% 7% 7% 7% Wlilys-Overl pf. 70% 70% 68% 68% Wright Aero,.. 9% 9% 9* 954 Youngstn Tube, 70 70% 70 70% High. Low. Last. Call Money 5 4% 4% HOURLY SALES OF STOCKS. 11 a.m 186 400 12 m 301 400 IP-m 404 700 2 p.m 472 000 BUSINESS AT GLANCE. MEMPHIS, Tenn., September 6. Bank clearings here for August were $67,079,458, an Increase of about $16,000,000, or slightly more than 33 per cent, as compared with the same month In 1922. This about reflects the difference In business in the two periods, bankers say. CHARLOTTE, N. C., September 6. Textile mill supply houses say cotton mills are now buying more equipment and material than at any time during the last twelve months. The majority of the mills are running full time, and with reasonable demand for their products expect to be In continuous operation for the next nine months. OTTAWA. September 6.—Canada la now the second best customer of the United States and soon will take first place, T. A. Lowe, minister of trades and commerce, predicted In welcom ing delegates from various chambers of commerce of Maine. , BUTTER IS HIGHER. CHICAGO, September 6.—Butter— Higher; creamery extras. 44%; stand ards, 43; extra firsts. 42a43%; firsts, 39a40%; seconds. 37%a38. Eggs un changed. Receipts 9,928 cases. CLOSING SUGAR PRICES. NEW YORK, September 6.—Sugar futures closed steady; approximate sales, 15.000 tons. September. 4.48; December, 4.39; March, 3.70; May, 3.80. CALL MONEY BATES. NEW YORK, September 6.—Call money steady; high, 5; low, 4% : ruling rate, 5; closing bid, 4%; offered at 4%; last loan, 4%; call loans against acceptances, 4%. Time loans firm; mixed collateral, slxty-nlnety days, 5%; four-six months, 6%; prime com mercial paper, s*. TODAY’S METAL MARKET. NEW YORK, September 6.—Copper quiet; electrolytic, spot and futures, 13*a13%. Tin firm; spot and nearby, 42.12; futures, 42.00. Iron steady, prices unchanged. Lead steady; spot, 6.75&7.00. Zinc quiet; East SL Louis, spot and nearby, 6.55a6.60. Antimony, gpot, 7.50, _ * JAPANESE BONDS DISPLAYSTRENGTH New Argentine Issue Finds Good Demand —Market Unexpectedly Firm. IIV GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 6.—ln the face of all the apparently unfavor able news the bond market today showed surprising' resistance. There was no lack of offerings, but holders refused to shade their price and so comparatively little business was done. This applies to bonds of the grade of St. Louis Southwestern Consolidated 4s. Baltimore and Ohio Ist 4s and Southern Pacific refunding 4s. The result was much confusion of opinion and traders were Inclined to be very cautious. Blinks Take Argentine Banda. Many of the new offerings expected after day are likely to be held back until the situation clears up. The Argentine 6 per cent notes to the amount of $55,000,000 and running only six months were largely taken by the banks. Foreign bonds were mostly firm. The Japanese Issues, especially the 4s of 1931. which were up about a point In' the first half of the day, all rallied substantially. As to the balance of the foreign Hat the Australian 7s were again weak, selling today below 86. making a new low record. French Issues were strong. The French 8s sold up to 99. a new high on this move and other French obligations Improved to a less extent. The Jugoslav 8s were substantially higher. S| e« ulatlve Rail* Unlet. There was not quite so much activity in the speculative rails as Wednesday. The Chicago and Alton 3‘■is reacted somewhat after their spectacular rise. Among the Indus trials there was further weakness in loss of the previous day. The new issue of Park & Til ford was practically neglected. Uni versal Pipe preferred and common, Midvale Company and others of this class were In better demand. SHORT-HORN BULL SELLS FOR $16,600 Argentine Cattle Bringing Lower Prices Because of Poor Markets Abroad. Special to Th«» Star. BUENOS AIRES, September 6.—A short-horn bull, adjudged grand cham pion of the Argentina national stock show, has been sold for 50,000 pesos, or approximately $16,600 In American gold. Other prize winners brought lower prices than in previous years, the reason generally ascribed being the crisis I 9 the live stock industry resulting from the loss of European markets since the economic break down overseas. The stock show was a magnificent exhibition of horses, cattle and sheep. More than 1.100 registered bulls and 300 cows were entered In the com petitions. The presence of Isolated cases of hoof and mouth disease in the country caused many stock raisers to refrain from entering animals. And despite the precautions taken by of ficials. the disease made Its appear ance at the show, with the result that approximately fifty hulls and cattle, including several prize winners, died. Market Flashes at Today’s Close It was announced this afternoon that the entire issue of Argentine bonds had been sold and the books closed. Studebaker, Mack Truck. Corn Products and Beech-Nut Packing were weak, in the afternoon, the last mentioned losing 2Vi points. Fisher Body dropped li) points to 170 The subsequent rise in Davison Chemical to 52and further accumulation of the equipment issues caused the en tire list to stiffen. Jordan -Motor declared special dividend of $5 on common and reg ular quarterly 1% per cent preferred, both payable September 30, record September 15. This Is the first divi dend on conjmon since 1920. Jordan paid $6 a share in 1919 and In 1920. Japan will probably seek large credits in United States soon. While It Is almost certain that Japan will Inquire for extensive external finan cial assistance to restore destroyed areas, there Is some dpubt In minds of bankers whether at the moment she will endeavor to sell bonds In other countries which In turn could be of fered publicly. United States Steel’s unfilled ton nage statement for August is expect ed to show a further decline of be tween 400,000 and 500,000 tons In busl nesss on hand, bringing unfilled orders as of September 1 to something un der 5,500,000 tons against 6,910,763 on August I. Hood Rubber declared regular quarterly $1 common dividend, pav ahle September 29, record September 19. Stewart Warner Speedometer Cor poration has perfected three new lines which will be In full production before January 1, and which are ex pected to result In substantial addi tions to earnings. The new plant nearing completion will provide man ufacturing space for the additional production. While considerable losses have been sustained by Standard Oil, Gen eral Electric and, perhaps, other American corporations operating In Japan, interests of organizations are so widely diffused that effect of disaster on them will be negligible, In opinion of Treasury officials. The railroads still have orders booked for 81,000 new freight cars. This Includes 32,000 new coal cars, 36,000 box cars and 9,000 refrigerator cars. ' . The number of new locomotives placed In service on the railroads from January 1 to August IS were 2,364 with 145 delivered In the last fifteen days of August. The railroads still have orders with the American Locomotive, Baldwin and Lima com panies for over 1,700 more locomo tives to be delivered the balance of the year. There Is no necessity In economic condition of country for any imme diate change in rediscount rates. In opinion of Treasury officials, and no federal reserve bank has Indicated to governor of federal reserve board that It is contemplating changes. August sales of S. S. Kresge were $6,338,151, an increase of 23.74 per cent. For eight months sales were $47,693,748, an increase of 29.1 T per cent. Total production of sugar In Cuba this year was 3,601,605 tons, a de crease of 601,202 tons from H. I. Hlmely’s original Waldorf system August sales were $1,189,802 compared with $1,016,002 last year, and for eight months. $9,- 181,043, compared with $7,758,303. Standard Oil of California has re duced price of gasoline 2 cents a gallon at all points where it oper ates. ■ON NEW YORK BONDS STOCK EXCHANGE) Received by Private Wire Direct to The Star Office. (BaU* ire ia $1,004.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Hale*. High. Ix»w. Close. Lib 3%s 119 100 99-30 100 Lib 2d 4s 4 93 98 98 Lib Ist 4%5. .. 26 98-3 98-1 98-2 Lib 2d 4(45. .. 166 98-4 98-1 98-3 L1b3d4%5.,. 621 98-23 98-21 98-23 Lib 4th 4%5.. 429 98-5 98-2 98-4 US 4%s 1952. 269 99-24 99-23 99-23 FOREIGN. Hale*. High. bow. Close. Argentine 7s 26 101% 100% 100% Austria 7s 40 86V4 86% 85% Belgium 7%s 11 99% 99 99 Belgium 6s 10 96% 96% 96% Belgium 8s 8 99% 99% 99% Bern 8s 3 109 109 109 Bolivia 8s if 87% 87% 87% Bordeaux 6s I 77 77 77 Brazil 7s 29 'Bl% 81 81 Brazil 8s 10 95% 95% 95% Brazil 7%s -.. 5 100 100 100 Canada 5s 1926 6 100% 100% 100% Canada 5%s 1929. .16 101 10044 101 Canada 5s 1931 7 100% 100 100 Canada 5s 1952 10 98% 98% 98% Chile 8s 1946 6 103% 103% 103% Chile 8s 1926 4 103% 103 H 103% Chile 8s 1941 6 103% 103% 103% Copenhagen 5%5. .20 89% 89% 89% Czechoslovakia Bsi- 8 98% 92% 93% Denmark 8s 1 108 108 108 Denmark 6s 7 96 96% 96% Dutch E I 5%5. ,~S, 9 81% 91% 91% Dutch East I 65’47. 3l '96% 96% 86% Dutch East I 65’62. 22 96% 95% 96 Framerlcan 7%5.. 1 BT% 87% 87% French Govt Ss 76 9914 98% 99 French Govt 7%5. . 48 04% 94% Haiti Gs 3 90% PO% 90% Italy 6%s 1925 1 95% 95% 95% Japanese Ist 4%5. .123“ 92% 91% 92% Japanese 2d 4 %s. . 127 92% 90% 91% Japanese 4s 193 78 76% 78 Jergen U M 65'47. . 13 77% 77 77 LyonsGs 2 77% 77% 77% Marseilles 6s 1 77 77 77 Mexico 5s 2 54 54 64 Mexico 4s 4 3314 33V4 33% Montevideo 7s 6 35% 35% 35% Netherlands 6s 5 98 97% 97% Norway 8s 5 110 110 110 Norway 6s 11 95% 95% 95% Orient Dev deb 6s. 25 89 88% 89 I’arls-Ly's-Med Cs. 14 70% 70% 70% Queensland 7s 4 107 107 107 Queensland 6s. .. . 5 100% 100% 100% Rio de Jan Rs 1946. 3 93 93 93 Rio de Jan 8s 1947. 2 91 91 91 Rio Gr Do Sul Ss... 9 97 97 97 SaoPaulo.Clty.Bs.. 1 96% 96% 96% SaoPauio.State.Bs. 1 99 99 99 Heine, Dept of. 7s. . 12 83% 83% 83% Serbs Crotes Slo 8s 37 67% 65% 67 Sweden 6s 21 104% 104% 104% Toklo 5s job 67% 66%. 67% I'd Klngm 5%5’29. 3 110% 110% 110% 1 d Klngm 5%s ’37. 69 100% 100% 100% Zurich Ss 1 uo% no% uo% MISCELLANEOUS. Ajax Rubber 8s 4 95% 95 95 Am Agr Chem 7%s 7 99% 99 99 Am Cotton OH ss. . 7 70 69 70 Am Smlt&R Ist Os. 20 91% 91% 91% Am Smlt&R 6s 10 100% 100% 100% Am Sugar Ref 6s. . 12 101% 101% 101% Am T & T cv 6s. ... 7 U 6% H 6% U 6% AmT tTcl tr ss. .74 98% 98 98% Am T&Tcl tr 4s. .24 92% 92 92% Anaconda cv db 7s. 31 100% 100 100% Anaconda Ist 65.. . 69 97% 97% 97^ Armour* Co 4%5. 5 83% 83% 83% Atlantic Refln ss. . 1 98% 93% 93% Barnsdall s f Ss. . . 6 98 97% 08 Bell Tel Pa 5s ll 97% 97 97 Beth Steel s>■*s *53. 10 90 89% 90 Beth Steel pm ss. . 6 89% 89% 39% Both Steel sf 65... 4 98% 98 98% Bklyn Edison 7s D. 2 108 108 108 Bklyn Ed gen ss. .. 2 97 96% 97 Central Leather 5s I 97 97 97 Chile Copper 6s 6 99% 99% 99% Cln G& E 5%5'62. 1 97 97 97 Commonwth P 65.. 1 36 86 86 Con Coal Md Ist ss. 2 86% 86% 86% Cuba Cane cv d Ss. 4 92% 90% 92% Cuba Cane cv 7s '3O 3 87% 87% 87% Dery (D G) 7s 4 79 78% 78% Det Edison ref 6s. .. 4 104 10.1% 104 Diamond Mth 7%5. 4 105% 105% 105% Du Pont de N 7%5. 9 108% 108 108 Duquesne Light 6s 11 103% 103% 103% Est Cuba Sug 7%5. 31 100% 99% 99% Empire G&F 7%5. .41 93 92% 93 Fisk Rubber Ss 7 102% 102% 102% Gen Elec deb ss. . . 1 102 102 102 Goodrich 6%s 12 99% 99% 99% Goodyear Ss 1931. . u 104 103% 103% Goodyear Ss 1941. . 7 116% 116 116 Hershey 6s 1942... 5 98% 98% 98% Humble O&H 5%5. 11 95 95 95 Illinois Bell Ist ss. 34 93% 93% 93% Indiana Steel 55.,. 2 100 100 100 Int Mer Marine 6s. 28 78- 77% 77% Int Paper Ist 5s A. 1 86% 85V4 85% Int Paper Ist 5s B. 33 85 84% 85 KCP&Lt ns A ’52 ' 1 90% 90% 90% Kelly-Spring 85... 12 108 107% 108 Lackawa S 6s’so. . 5 88% 88% 88% Liggett & Myrs 7s. 3 118% 118% 118% Liggett & Myrs ss. 8 97% 97 97 Lorillard (P) 65... 3 96% 96% 96% Lorlllard (P) 75... 2 118% 118% 118% Magma Cop cv 7s. . 1 109 109 109 Mexican Petrol Ss. 3 106 106 106 Mich St Tel Ist 6s. . I 99% 99% 99% Midvale Steel 6s 24 87% 87 87 Montana Power ss. 13 95% 95 95 Morris&Co Ist 4%s 25 78% 78 78% New Eng Tel ss. .. 11 97% 97% 97% N Y Edsn Ist 6%5. 7 109% 109% 109% NYGELH&P 4s. .. 2 82% 82% 82% NY Tel 6s’4l 10 104% 104% 104% NY Tel 65’49 10 106% 105% 106% ■N Y Tel 4%s 62 94% 93% 93% NAm Edison 65... 5 91% 91% 91% N States Pow 55... 5 90% 90 90 Northwst B Tel 7s. 29 108 107% 107% Pacific Gas &El 5s 9 91 90% 90% Pacific T&T 6s '52 2 91V* 91% 91% Phila Co ref 6s A.. 23 101% 100% 101% Pierce-Arrow Ss... 2 76% 76 76 Producers &Rf Bs. 1 101% 101% 101% Public Service ss. . 4 81 80 81 Punta Alegre 7s— 1 108% 108% 108% Sinclair Oil 7s 3 95% 95% 95% Sinclair Oil 6 Vis... 40 88% 88% 88% Sin Crude Oil 65... 6 95% 96% 95% Sin Crude Oil 5%5. 11 95% 95% 96% Sin Pipe Line 55... 13 83% 83 83% South Bell Tel 55.. 1 95% 95% 95% Steel & Tube 75.... 6 105% 105 106% Tenn Elec Pow 65.. 3 93% 93 98% Union Bag & P 65.. 1 97% 97% 97% Unit Drug cv Ss... 6 111% 111 m U S Rub Ist rs 55.. 10 87 86% 86% US Rubber 7% 5... 1 106% 106% 106% U S Steel s f 5s 22 101% 101% 101% Utah Pow &Lt 55.. 6 88% 88% 88% Vertlentes Sug 7s. 2 97% 97% 97% Va-CarChem 75... 16 87% 87 87 Va-Car Ch 7%s w. 20 69% 69% 69% Warner Sugar 75.. 1 102% 102% 102# West Union 6%5... 4 109% 109% 109% Westlnghouse 75.. 13 107 106% 107 Wilson &Co Ist 6s. 1 95% 95% 96% WllsonftCcv 7%5. 6 96 96 96 Wilson &Co cv «s. I 86% 86% 86% Youngstn S& T 6s. 1 99 99 99 FRENCH BANK REPORT. PARIS, September 6.—The weekly statement of the Bank of France shows the following changes: Gold In hand- Increased 146,000 francs; sil ver in hand increased 104,000; notes in circulation increased, 643,739,000; treasury deposits, increased 15,394,- 000; general deposits Increased 25,- 745.000; bills discounted decreased 435,060,000; advances increased, 79,- 958,000. NEW YORK EGG PRICES. NEW YORK, September 6.—Eggs— Strong; receipts, 24,947 cases. Fresh gathered, extra firsts, 37a40; do., firsts, 32a36; New Jersey hennery whites, locally selected, extras, 60a62; nearby hennery whites, locally selected, ex tras, 68a60; state, nearby, and nearby western hennery whites, first to extras, 44a57; nearby hennery browns, extras, 44a52; Pacific coast whites, extras, 50a52; do., firsts to extra firsts, 42a4». ‘ BAB SILVER RATES. LONDON, September 6.—Bar silver, 31 B-16d per ounce. Money, 2% per cent; discount rates, short bills, 3% per cent: three month bills, 3 3-16a 3% per cent. NEW YORK, September 6.—Bar sil ver. 63%; Mexican dollars, 48%. . , RAILROADS. Hairs. High. Low. Close. Atchison Ken 45... 8 88H 88% 88% Atchison adj 4b. ... 7 80% 80 80 Atlantic CL cl 4s. . 18 81H 81% 81% B&Opr In 3%5... 58 95% 95% 96% B& O gold 4b 10 77% 77% 77% B&0 6s J1 100% lOOH 100% B&Ocv4%s 29 81% 81% 81% B&OrefSs 27 83% 83 83 BAO PLE&WV 4a. 8 76 75% 75% BtfOSWdlv 3%5. 16 94 93% 94 Bkl RT7a*2l ctßt. 4 84% 84% 84% Canadian North 7s. 1 113% 118% 113% Canad Pac deb 4s. .22 80 79% 80 Central Pacific 4s «. 67 87% 87 87 Ches & Ohio cv ss. 6 89% 89% 89% Ches &O cv 4%5. . 16 BS% 86% 86% Ches &O gn 4%5. . 7 83% 83% 83% Chi & Alton 3s | 65% 55% 65% Chi & Alton 3%5,. 265 82% 31% 31% Chi R&Q gn 4s *sßi 2 86% 85% 86% Chi B&Q Ist rs 55.. 10 99 99 99 Chi & E 111 gn 55.. 12 78% 77% 78% Chi Oreat West 4s. 2 47 46% 47 Chi M &St Prf 4%s 11 53 52% 52% Chi M&fit Pcv ss. . 12 60% 59% 60% Chi M&St P 45’25.. 32 77% 77% 77%' Chi MASPcv 4%b. 9 59% 58% 68% CM &St Pern 4%5, 6 79% 79% 79% ChI&NW6%B 1 107% 107% 107% £u!S NW7s 1 107 107 107 *hi Rys 5b i 77 77 77 Chi RI&P gn 4s. . 2 78 78 78 Chi RI A pac rs 4s. 8 74% 74% 74% Chi In Bta 4%a 25 90 89% 89% ChlUnßta6%s 1 113% 113% 113% Chi & W Ind 7%5. . 1 102% 102% 102% CCC&StLrf 6b A.. 3 101% 101 101 Cleve Term 5%5... 4 102 102 102 Cleve Term 5s 8 95% 95 95 Colo & Hou 4%5. . . 11 82% 82% 82% Cuba RR 5s 1 35*4 85% ggy* Del AHd Ist rs 4a. I 85 85 85 Del A Hudson 5%s 2 100 100 100 D & Rio G Imp ss. . 2 85 85 85 Erie ißt con 4b 11 68% 58% 68% Erie con ext 7s 5 104 104 104 Erie nren 4b 18 60 49% 49S Erie conv 4s A 4 62% 62% 52% Erie conv 4s B 16 52% 52% 52% Erie conv 4s I) 98 65% 65% 66% Or Trunk sf db 6s. 5 104 103% 104 Gr North gen 7b. .. 10 106% 10« H 106% Green HAWdb B. 10 7% 77 Hud A Man ref ss. .13 82% 82% 82% Hud A Man aj 55... 3 60% 60% 60% 111 Cent ref 55’55.. 3 99% 99% 99% 111 Central 5%s 1 101% 101% 101% Int Rap Tran ss. .. 1 64% 64% 64% Int Rep Tr 5s stpd. 15 63% 63% 63% IntYtap Tran 65... 3 59% 59% 59% Int Rap Tran 7s. .. 1 gg 88 88 Int A G Nor aj 65... 27 36% 35% 35% Int A G Nor Ist 65.. 5 88% 88% 88% lowa Wnt rs 4s 3 16 15%' 15% Kan City Ft 8 45... 10 74% 74% 74% Kansas City S 35.. 19 70 69% 69% Kansas City K 55... 5 85% 84% 85 Kan City Term 45.. 1 81% 81% 81% Lake Shore 4s’2B. . 16 94% 94% 94% Lehigh Valley «m. . 1 102% 102% 102% Louis AN 5s 2003... 34 95% 95% 95% Louis A Nash 7s. .. 1 106% 106% 106% Louis A Nash 5%5. 4 103% 103% 103% Market St cn F-s 6 93% 93% £3% Mil El Ry A L 55... 1 81% 81% 81% MAStL rs ex ss. .. 10 15 15 15 MKATprIn 5s A. 18 78 77% 78 MKAT 6s C 5 94*4 9414 MK&TadJFs 40 53% 53 63% Mo Pacific 6s 2 92% 92% 92% Mo Pacific gn 45... 16 52% 62% 62% Montrl Tm Ist ss. .10 89 89 89 Nassau ERy 45’57. 1 61 61 61 N O Tex AM In 55.. 8 76% 76% 76% NY Cent gen 3%5. 4 74% 74% 74% NY Cent deb 6s 14 104% 104% 104% N Y Cent ri 5s 65 95% 95 95 New Haven cd6s . . 7 59% 58% 58% New Haven 7s 52 63% 63% 63% New Haven 7s fr. .. 62 60% 60 60% NY W A Bos 4%5.. 10 38 37% 38 Norfolk AW cn 4s. 49 91% 91% 91% Northern Pac 35.., 16 59% 69% 59% Northern Pac 45... 80 83% 83% 83% Northn Pac r i 6s. . 37 105 104% 104% Northern Pac 5s D. 32 93% 92% 92% O Short Lcn 5s ’46. 1 101% 101% 101% Ore Short L ref 45.. 33 92% 92 92% Ore-Wash Ist rs 4s 4 79% 79% 79% Pennsyl gen 5s 5 99% 99% 99% Pennsyl gen 4%5. . 6 90% 90% 90% Pennsyl 6%s 12 108% 108% 108% Pennsyl gold 75... 3 109 108% 109 Pennsyl con 4%5. . 5 96 96 96 Pcre Marq Ist as. .. 3 94% 94 94% Rapid Tran 6s 77 67% 67% 67% Heading gen 4s 38 87% 87% 87% RIArkAL4%s... 4 73 74% 74% St L IMAS RAG 4s. 5 75% 75% 75% St LIMA S4s ’29.. 2 83% 83% 83% St LASFpi 4s A. . 7 6784 67 67 St LASF pr in 3s. 18 81% 81% 81% St LA S F inc 65... 48 65% 66% (5% St LA S adj 6s 14 74% 74% 74% St LASFpi 6s C. . 7 99% 99% 99% St LS W Ist 4s 3 74% 74% 74% San AAAm P 4s. . 1 72% 72% 72% Seab'd AL 4s sta. . 2 66 56 56 Seab’d A L ref 4s. .. 15 44% 44% 44% Seab’d A L adj 55.. 10 31% 31% 31% Seab’d A L con 6s. . 14 65% €5% 65 T > Sou Pacific 4s 1929. 27 92% 92% 92% Sou Pacific ref 45.. 40 87 86% f 6% Sou Pacific clt 4s. . 15 84% 84% 84% Southern Ry Ist ss. 13 94% 93% 94% Southern Ry gn 4s. 39 67% 67% 67% Southern Ry 6%5.. 20 101% 101 101% Third Ave ref 45... 1 66 56 56 Third Ave adj ss. .. 17 49% 49% 49% ToIStL&W 45... 11 69% 69% 69% Union Pac Ist 4s. .. 4 92 92 92 Union Pac Ist rs 4s. 4 82% 82 82 Union Pac cv 4s 16 96% 96% 96% Union Pac cv 6s. . . 10 103% 103% 103% Virginia Ry Ist ss. 9 94% 93% 94% Wabash Ist 5s 11 95% 95 95 Western Pacific ss. 1 79 79 79 TOTAL SALES (Par Value); 11a.m.. 2130000 12 noon. 3537000 Ip.m. . 4 251000 2 p.m.. 4 835 000 BOSTON STOCK MARKET. BOSTON, September 6.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here. High. Low. Close. Ahmeek 66% 66% 56% Am Tel & Tel 124% 124% 124% Amoskeaff 76 76 76 Arcadian Con* • 1% 1% 1% Arizona Com 9% .0% 9% Poston & Albany 148 148 148 Itosfon A Maine 13% 13% 13% Poston Klevated 80% 80 80% Cain & Heel* 40% 40% 40% Connor 1 T... 21 20% 21 Copper Range 28% 28 28% Eastern S 8 82V« 81 82 Island Creek 108 106% 107% Mass Gas 82 82 82 Mayflower O C • 2% 2% 2% Mohawk 41% 41 41 Nat Leather 4% 4% 4% North Butte 2% 2% 2% Osceola 31 31 31 Paciflc Mills 89 89 89 Quincy 27 26 27 Shoe Mach 36% 36% 36% Shoe Mach pfd..' 25% 25% 25% Superior A Poston 09 99 09 Swift & Co 103% 103% 108% Swift International 20 20 20 Trinity 1 00 50 50 II S Smelt pfd • 42% 42% 42% Utah Apex 8% 3% 3% Utah Metal -60 60 00 Ventura Oil 20% 20% 20% Waldorf • 17% 17% 17% Walworth 14% 14% 14% Warren Bros 30 30 30 Wolverine 6% 6% 6% CHICAGO STOCK MARKET. CHICAGO, September 6.—Following Is a report of today’s sales, high, low and closing quotations, at the Chi cago Stock Exchange: Sale*. High. Low. Clo*e. 40 Armour of Pel pfd. SB% 88% 88% 475 Armour of HI pfd. 79% 79 79 83 Commonwealth Ed. 127% 127 127% 810 Hupp Motor ■•. 20% 20% 20% 26 Middle West Util.. 40 45 % 43% 85 Standard Oaa com.. 29 28% 29 6150 Stewart Warner ... 90% 89% 90 883 Union Oatb A Carb. 56% 56% 56% 120 Yellow Mfg B 246 245 245 10000 Yellow Taxi 100% 99% 103 Total sale*. 45.000 (hare*. OVERLAND GUTS PRICES. DETROIT, September 6.—Another substantial cut In the prices of the different Overland models was an nounced -Wednesday. The new prices become effective immediately. The price reductions on various models follow: Touring and roadsters, |35; coupe. $46; sedan, $66; commercial chassis, $55, and Overland Red Bird, SIOO. These are the lowest prices ever offered by the Wlllys-Overland Company and are the result of heavy sales along with decreased cost of production. * FINANCIAL/ Crain, Produce and Live Stock CHAIN AND PROVISIONS. BALTIMORE. Md„ September 6 (Special).—Potatoes, new, barrel, 2.00 a5.50; per 100 pounds. 1.25a3.25; bu shel, 75a2.00. Sweets and yams, barrel, 1.00a4.5n: bushel, 75a85. Beans, bushel. 35a65; lima beans, bu shel, 1.50a2.00. Beets, hundred, 4.00a 5.00. Cabbage, hundred, 5.00a8.00. Carrots, hundred, 4.00a5.00. Celery, dozen, 35a75. Corn, dozen, 10a20. Cucumbers, basket, 60a75. Eggplants, basket. 25a35. Squash, basket. 10a 25. Lettuce, crate, 80a1.25. Onions, hundred pounds, 2.25a3.50. Tomatoes, basket, 20a30; packing- stock, 30aJ50. Apples, barrel, 1.50a3.00; bushel. I. basket, 15a50. Blackberries, quart, 12al8. Cantaloupes, crate, 1.00 a2.50; basket 25a1.00. Damsons, bu shel, 1.50a2.00. Huckleberries, quart 15a20. Grapes, basket, 20a1.00. Peaches, bushel. 1.25a2.10; basket, 75 al.lo. Plums, basket. 25a75. Water melons, each, 8a35. Pears, basket, 75 a1.25. , Helling Prices on Grain. »- Wh ,? at — No - 2 red winter, spot, I.lo* red Winter, garlicky, spot, 1-01%, No. 3 red winter garlicky spot. 97-74; No. 3 red winter, gar-’ licky, spot, 9334. Sales—None. Corn—Cob. new, 5.00 per barrel; No. 2 corn. spot, no quotations; track corn, yellow, No. 2 or better, 1 06 Sales—None. Oats—No. 2 white, old, 4914; No. 3 "hfte, 48a48%. New oats are selling at 1 cent a bushel less. Rye—Nearby, 75a85 per bushel: No. 2 western export, spot. 70%; No. 2 rye. spot. 76% per bushel. Hay—Receipts. 87 tons. General receipts of new hay are liberal and the tone of the market Is easy at a range of 25.00 to 28.00 per ton for timothy and choice light mixed hay. Straw—No. 1 tangled rye. 15.00a 16.00; No. 1 wheat, 12.00a12.50; No 1 oat, 13.00a14,00. DAIRY MARKETS. BALTIMORE, Md.. September 6 (Spe cial).—Live poultry—Spring chickens. 25a32; leghorns. 23a26; old hens, 20a 28; leghorns. 20a22; old roosters, 15a 16; ducks. 17a23; pigeons, pair, 20a25, guinea fowl. 40a60. Eggs—Loss off; native and nearby firsts, doz.. 32a33; southern, 31. Butter—Creamery; good to fancy, 42a46; >4 prints. 46a48; nearby, 35a40; ladles. 34a35; rolls, 31a33; store pack ed. 31; dairy prints, 31a33; process butter, 35a39. TODAY’S CHICAGO PRICES. CHICAGO. September 6. With spring wheat beginning to move in volume from farms the wheat mar ket showed something of a downward tendency in price today during the early dealings. A decline In Liver pool quotations counted as an addi tional bearish influence and so, too. did predictions of increased hedging here against Canadian grain. In the absence of any aggressive selling, however, declines failed to go very far. The opening, which ranged from % off to % up, with September 1.01(4 to 1.01% and December 1.05% to 1-05%, was followed by a moderate setback all around and then a little rally. Despite unfavorable weather corn and oats were easy In sympathy with wheat. After opening unchanged to % lower. December, 84% to 84%, the corn market held near to the initial range. Oats started unchanged to % up. December, 39%. but later showed slight losses. Provisions were inactive, with prices nominally about unchanged WHEAT— Open. High. Low. Close. September 1.01% 1.02% 1.01% 1.01% iH-cetnber 1.05% 1.06% 1.05% 1.05% “corn— 111 lu * 110,4 in ’* September 84% .85% .84% .85 Oecember 67% .68% .07% .68 May 67% .68 . 67% .68% OATS— September 37% .37% .37 .37% December .... .38% .39% .39% .39% May 42% .42% .42 .42% LARD— September .... 11.82 11.97 11.82 11.97 October 11.82 11.95 11.80 11.93 KIRS— September 9.07 October 8.92 9.12 5.92 9.12 CHICAGO LIVE STOCK MARKET. CHICAGO, September 6 (United States Department of Agriculture).— Hogs—Receipts, 32,000 head; slow. 15 to 20 lower; bulk good and choice, 160 to 230 pound averages, 9.05a9.25; practlcap top, 9.25; desirable 240 to 325 pound butchers largely, 8.55a9.00: most packing sows, 7.25a7.60; good strong weight pigs, 8.50a8.75. Cattle—Receipts, 10,000 head; most killing classes, slow or unevenly, 25 to 75c under a week earlier; bulk western steers, 7.50a8.23; plain kind, 6.75 and below; few strictly choice steers held above 13.00; bulk, short fed, native steers and yearlings. 8.75 all. 00; best yearlings, 11,50; most I native cows. 4.25a6.00; native beef I heifers, 6.00a6.75; grain fed kind, 7.50 j a8.50; choice yearling heifers above I 10.00; canners and cutters, 2.50a3.00: choice light bologna bulls, 3.50a4.00; ! vealers, 25 to 50c higher; upward to j 12.00 to outsiders; packers paying I 11. Stockers and feeders, 5.50 ! a 7.00. Sheep—Receipts. 21.000 head; fairly ! active on natives; lambs, steady to! strong: sheep slow, steady; natives. 12.25a12.50; top to city butchers, 12.75; culls. 9.00a9.50; handy weight, fat ewes. 6.00a6.50; extreme heavies, downward to 4.00 or below; feeding lambs, steady; early sales, 13.50. DIVIDENDS. Pay Stock of Company. Pr. Rate. able. Record. Am. Express Q 1%7„ Oct. 1 Sept. 13 Am. Cigar pf 6 $1,50 Oct. I Sept. 15 Associated Oil (J37%c Oct. 25 Sept. 28 Am. Smiff Q 3<4 Oct. 1 Sept. 14 Do. pf Q l%(-i Oct. I Sept. 14 Continental Can pf. Q $1.75 Oct. 1 Sept. 20 Elliot Elaher "A”.. Q SI.OO Oct. 1 Sept. 15 Ik>. “It” Q SI.OO Oct. 1 Sept. 15 Do. pf Q 1%% Oct. 1 Sept. 15 Federal 11. A Tr. <) 75c Oct. 1 Sept. 15 Federal Li. A Tr. Stk. %% Oct. 1 Sept. 15 Do. pf y 1 % r /i Oct. 1 Sept. 15 Guaranty Trust .. y 3% Sept. 29 Sept. 14 Homestakc Min..., Mth. 50c Sept. 25 Sept. 20 Helmo, Geo. W... Q 37c Oct. 1 Sept. 17 Did. I’neu. T 001.... Q $1.30 Oct. 1 Sept. 20 Kelsey Wheel y 1%% Oct. 1 Sept. 20 S. S. Kresge Q 27c Oct. 1 Sept, 17 Ik). pf y 1%% Oct. 1 Sept. 17 Lehigh Valley y 1%7« Oct. 1 Sept. 15 Do. pf y 2%70 Oct. 1 Sept. 15 P. Lorillard y 3% Oct. 1 Sept. 15 Do. “B” pf Q 1%95 Oct. 1 Sept. 15 Orpheum Cire. pf. y $2.00 Oct. 1 Sept. 15 Per. Marquet. By. y 195 Oct. 1 Sept. 14 Do. pf y I%'e Nov. 1 Oct. 15 Do. pr. pf y 1%95 Nov. 1 Oct. 15 Rosala Insurance $1.50 Oct. 1 Sept. 13 Simmons Q 25c Oct. 4 Sept. 15 South Porto Rico Sugar pf Q 265 Oct. 1 Sept. 15 South, States Oil.. Mth 195 Sept. 20 Sept. 1 St. L. Rocky Mt. A Pacific Q 1% Sept. 29 Sept. 15 Do. pf Q 1%95 Sept. 29 Sept. 15 U. S. Tobacco.... y 75c Oct. 1 Sept. 17 Do. pf y $1.75 Oct. 1 Sept. 17 Weat States OIL. Mth. 1% Sept. 29 Sept. 13 Westlngbouse Elec. Mfg Q SI.OO Oct. 81 Sept. 28 Do. pf Q SI.OO Oct. 13 Sept. 28 WAGE BOOST GRANTED. ST. LOUIS, September 6 (Special).— The electrical workers here will be placed on a wage schedule of 11.50 an hour, beginning September 15. The present rate is $1.25 an hour. 421 LICENSES REVOKED. Record-Breaking Number of Drunken Drivers in Massachusetts. BOSTON, September 6.—The revoca tion of 421 automobile licenses for driving under the Influence of liquor during August was announced today by State Registrar of Motor Vehicles Goodwin. He said that this number was by far the largest number of revocations for that cause in the state’s history and more than ten times as many as in the correspond ing month in 1919, when the Volstead act first went into effect. He also re ported that sixty-five persons were killed by automobiles during the month of August, an increase of eighteen over August, 1922. "The tremendous Increase in drunken operators prompts the question: •When is prohibition going to be gin?”’ Mr. Goodwin said. "One feature of the record of deaths for August is that the whole increase happened in the night time. This is a result of a combination of failure to obey the headlight law and drunken night riding from beaches and camps.’’ PRICES OF LIBERTY BONDSHOLD FIRM Much Speculation as to Trend in Near Future—Trading on Exchange—Notes. Liberty bond prices have beer, fairly steady for the last month with no pronounced trend In quotations for the active issues. Some dealers expect higher quotations for all is , sues, but this view, particularly for the Immediate future, Is by no means unanimous. Those who expect prices to de velbp a sagging tendency call atten tion to the fact that leading banks i are no longer accumulating govern- ' ment obligations. On the contrary, there is some liquidation In progress. Banks have been the backbone of the liberty bond market for many months and this change from buyer to seller is expected to be reflected in quotations. Moreover, since May 16 the combined federal reserve system has disposed of about $95,000,000 of liberty®, and dur ing the year ended August 29 the sys tem sold $404,431,000 of its govern ment obligations. In connection with the reduction of holdings by leading member banks, it is an interesting fact that selling has not been accompanied by an increase in loans held by these same banks. lr has been frequently stated that as loa.ns mount banks sell their secu rities in an effort to get additional funds to lend to their clients. Since May 16, last, leading banks have re duced their loans and discounts $261.- 270,000. and their holdings of govern ment obligations $167,662,000. 1 Local Exchange Trading. Washington Railway and Electric preferred stock dropped back to 71 on the Washington Stock Exchange this morning, when fifteen shares changed hands. Capital Traction, however, was firm and unchanged*at 101, while Riggs Bank rights remained at 95. On the investment side Traction 5s were strong at 95; Railway 4s un changed at 72, and Washington Gas 5s slightly stronger, at 93T's and 94 Pepco first 5s sold at 96%. and Ward man Park Hotel 6s brought 100. Argentine Bonds Ottered Here. Crane, Parris and Company is to day offering locally $55,00,000 of notes for the account of the govern ment of the Argentine nation. The issue is composed of six-month 6 per cent treasury gold notes, dated September 1, last, and due, March 3. next. The purchasing syndicate is making the offering at 99%, at which price the bonds/ will yield about per cent. Vigorous Buying Reported. The Credit Clearing House report for August shows vigorous purchasing throughout the country as a whole In purchasing percentage the Pacific coast section stands first, though it has not quite reached the high marks of June and July. The south agri cultural section is second in purchas ing percentage, having reached in August the highest point in a long series of months. The east section has also purchased actively, .vtandlng somewhat higher in percentage than the last high point, in March. Collections have been good throug: out August, with the Pacific coast firs; and the north agricultural last. Personal Mention. Coleman Jennings of the Nations City Company has returned from a vacation at Long Island. Fernand Petit, cashier of the Citizens' Savings Bank, is spending a vacation touring the Blue Ridge mountains. George M. Ferris, resident manager of the S. W. Straus & Co., Inc., has re turned from his vacation, spent in New York city, Atlantic City and at his home in Connecticut. Victor B. Deyber, president of the Second National "Bank, lectures to morrow at 2:30 p.m. before officers of the Supply Corps. United States- Navy, on "State Banks.” .Mr. Deyber also lectured before this same body yesterday on "National Banks.” railrldeark TBTAL $84,491,400 I I July Figures Ahead of Last Year, But Behind June. 29 Roads Lose Money. Railroad earnings during .1 up amounted to $84,491,400, according to an estimate today by the American Railway Association, which was at the annual rate of 4.93 per cent 01; their tentative valuation as fixed b> the Interstate Commerce Commission. The earnings were given as the tota for 193 roads, operating 235,670 miles of the 260,000 total of the country. The net income for the month com pares with $69,321,000. or 4.12 per cent, for the same month last year, but Is a decrease from the estimated rate of 5.47 per cent in June of this year. The Railway Association cites the earnings in July as being on a comparable basis with those of last year for the first time since the 10 per cent freight reductions went into effect Julv 1 of last year. The strike of railway shopmen, which began on that date', however, also should be taken into account, it said, in consider ing this July’s earnings. Eastern Road* Ahead. The eastern group of roada again led In the division of profits shown in July the total of $47,989,900 being at the annual rate of 5.60 per cent on in vestment, according to the estimate Roads In the western district earned $28,893,000. representing an annua! rate of 4.05 per cent. In the southern group of carriers earnings totaled $7,708,400, or 6.26 per Ce Twenty-nine clasa '1 railroads in . July operated at a loss, of which eight were in the eastern district and five in the southern district. Operat ing expenses of the carriers in July totaled $535,577,300, an Increase of $91,870,000 or 20.7 per cent over the same month last year, while operating ex penses amounted to $414,333,300, an increase of $73,377,100 or 21.5 per cent over July last year, the report said. Rate Increase Suspended. Proposed increases in coal rates filed by the Cincinnati, New Orleans and Texas Pacific Railway Company on shipments to contiguous territory were suspended by the Interstate Commerce Commission today until January 24, 1924. Authority was asked of the Inter state Commerce Commission today by the Hartford and Connecticut West ern railroad to extend for ten years $700,000 worth of 6 per cent Ist mortgage bo.nds which matured July 1. The Outer Harbor Dock and Whart Company, operating at Los Angeles, Calif., asked the commission today for authority to issue $4,850,000 worth of new securities. TRADE BOOM SEEN. EL PASO. Tex., September 6 (Spe cial). —Dealers in farm implements are enthusiastic over recognition of / Mexico and predict a large trade iu agricultural Implements. Trade ex cursions already have been started into Mexico from this city and from San Antonio.