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.