oc-plain-dealer 1924-11-06

RESISTANCE TO UPWARD CLIMB NEW YORK. Nov. 6.—The stock market encountered more resistance in the forward movement of prices today. The higher levels established by many of the active market leaders invited profit taking on a large scale, while renewal of short selling was also undertaken in some sections of the speculative list. Commission houses reported heavy demand for stocks from important speculative centers thrust out the country, more than counteracting the effect of professional short selling and profit taking. Before this selling appeared, however, stocks were leading another brisk advance in price to the highest levels for the movement and with the best records made by the low priced rails in which dividend action is expected. St. Louis and San Francisco was the leader in this group, its advance to 40 setting a new high record for all time in that stock. The Wabash, St. Paul and Missouri Pac. stocks were also in good form. American Can was the best stronghold of the bulls, holding its ground above 140, while U. S. Steel, Castiron Pipe and other industrial stocks sold down fractionally from the opening. Rumors today placed Amn. Can for a stock dividend and the splitting up of the stock on a 4 to 1 basis, with a dividend of $3 a share on the new stock. Encouragement was given to this view by the action of Amn. Radiator directors, in declaring a fifty per cent stock dividend. Washington dispatches to the effect that Pres. Coolidge will renew his efforts for a larger reduction in income and corporation taxes in the next session of congress were very gratifying to the financial district and helped to resist the upward climb. SEND NAMES OF CABINET TO KING LONDON, Nov. 6.—Premier-Designate Stanley Baldwin completed the formation of his Tory cabinet this evening and sent the names to King George for approval. Earlier in the day there had been reports that Baldwin was meeting with obstacles over the surplus of candidates for some of the ministerial posts. Baldwin's chief difficulty was a surplus of material and the possibility of factional disputes over appointments. A strong section of the Tory party wanted Lord Curzon for foreign secretary but it is understood he offered the post to Austen Chamberlain who accepted. Baldwin was expected to announce the cabinet personnel tonight. Following is the official list of the new cabinet: Chancellor of the exchequer—Winston Churchill. Foreign secretary — Austen Chamberlain. Lord Chancellor — Viscount Cave. First lord of the admiralty—Right Hon. W. C. Dridgman. Home Secretary—Sir Wm. Joyneson—Hicks. Secretary for war—Sir Leming Worthington Evans. Secretary for India—Lord Birkenhead. Secretary of the colonies—Lieut. Col. Amery. President of the council—Lord Curzon. Attorney General—Sir Douglas M. Hogg. Air minister—Sir Samuel Hoare. Labor minister—Sir A. Steel-Maitland. Agriculture—E. F. L. Wood. Minister of public health—Ne- today placed Ann. Can for a stock dividend and the splitting up of the stock on a 4 to 1 basis, with a dividend of $2 a share on the new stock. Encouragement was given to this view by the action of Ann. Radiator directors, in declaring a fifty per cent stock dividend. Washington dispatches to the effect that Pres. Coolidge will renew his efforts for a larger reduction in income and corporation taxes in the next session of congress were very gratifying to the financial district and helped to stimulate interest in industrial stocks. Irregularity in price movements was first seen today in the motor stocks, followed by the independent steels. Price cutting in popular cars, initiated today by Willys-Overland, which reduced prices of sedans $110 was the reason for heavy selling of motor stocks. Chandler lost 3 1/2 points at 28 and made a new for 1924 Willys-Overland pfd. lost one point to 64 3/8; Studebaker was down 1 point. Declines of a point or more also made by American sugar. Woolen and other popular industrial stocks which had been carried along by the enthusiastic burst of speculative buying yesterday, but found no prospective purchasers at the higher price levels. Industrial stocks received little attention, notwithstanding that two of the largest buyers of crude products increases in their purchasing price today, while country wide production showed another heavy decline. Stock sales today totalled 1,652,300 shares; bonds $15,837,-900. CLOSING LIBERTY BONDS NEW YORK, Nov. 6.—Three and one-half 101.3; first, 4½s 102.12; second, %s, 101.19; third, 4½s 102.06; fourth, 4½s, 102.19; now 4½s 106.28. METAL MARKET NEW YORK, Nov. 6.—Metal prices: copper firm, all positions offered 13.37½ @ 13.62¼%; lead firm, spot to Nov. 8.75 bid; zinc firm all positions offered 6.55 @ 6.66; antimony was quoted at 12%. COTTON OPENS IRREGULAR NEW YORK, Nov. 6.—The cotton market was irregular at the opening today with the first prices 11 to 32 points lower. December opened at 22.92, down 19 points; January 28.05, down 22; March at 23.44, down 11, and May 23,60, down 20. Good buying developed in the last hour and final prices reported gains of 2 to 10 points from the low of the day. Spot cotton closed 30 points lower with middling uplands 22.60. FOREIGN EXCHANGE Secretary for war—Sir Leming Worthington Evans. Secretary for India—Lord Birkenhead. Secretary of the colonies—Lieut. Col. Amery. President of the council—Lord Curron. Attorney General—Sir Douglas M. Hogg. Air minister—Sir Samuel Hoare. Labor minister—Sir A. Steel-Maitland. Agriculture—E. F. L. Wood. Minister of public health—Neville Chamberlain. Minister of education—Lord Perey. President of the board of trade—Sir Phillip Lloyd-Graeme. Many of the members of the new government were in the former Tory cabinet that preceded the Labor ministry of Ramsay MacDonald. It is understood that in addition to Austen Chamberlain as foreign minister Neville Chamberlain will be minister of the public health; Lord Birkenhead, secretary for Indian affairs; Lieut. Col. Leopold Amery, secretary for the colonies and E. F. L. Wood, secretary of agriculture. Winston Churchill will be chancellor of the exchequer. The Standard also says that Horne was offered the Labor ministry, but refused. It criticized Baldwin for not offering him a higher post. Lord Curron has accepted the post of lord president of the council, the Standard continues; Lord Cave, the lord chancellorship; Sir Samuel Hoare, the air ministry; Sir Douglas Hogg, the attorney generalship, and Sir Thomas Inskip, the post of solicitor general. NEW YORK CITRUS NEW YORK, Nov. 6.—Twenty-one cars Vaeinclias and six cars lemons sold. Valencia market steady. Lemon market strong. Valencia averages ranged from $5.75 to $9.70; lemons $6.75 to $8.35. strong lemons; oranges $6.55 to $9.70; lemons $6.90 to $8.15. GRAINS CLOSE HIGHER CHICAGO, Nov. 6.—All grains closed higher today. Wheat was up 1¼ to 2¼ at the close corn was ¼ to % higher at the finish oats were from % to 1¼ higher at the close. Provisions met good sales from cash buyers of nearby deliveries of lard and some setting of January deliveries was credited to foreign account. LOS ANGELES POTATOES LOS ANGELES, Nov. 6.—Potatoes: Stockton Burbanks $1.85 @ $2.10; few fancy $2.25; Idaho Runets $1.75 @ $2.00。 NEW YORK, Nov. 6.—The cotton market was irregular at the opening today with the first prices 11 to 32 points lower. December opened at 22.92, down 19 points; January 28.05, down 22; March at 23.44, down 11 and May 23.60, down 20. Good buying developed in the last hour and final prices reported gains of 2 to 10 points from the low of the day. Spot cotton closed 30 points lower with middling up-lands 23.60. FOREIGN EXCHANGE NEW YORK, Nov. 6.—Great Britain demand 4.56%; cables 4.56%; France demand 5.22%; cables 5.22%; Belgium demand 4.79%; cables 4.79%; Switzerland demand 19.26; cables 19.28; Italy demand 4.33; cables 4.33%; Sweden demand 26.70; cables 26.74; Norway demand 14.43; cables 14.47. Denmark demand 17.39; cables 17.48; German marks 23.80; Greek drachmas 1.77½ for demand and cables. FRUIT SALES (Calif. Fruit Exchange) Chicago: higher 324 small, unchanged 288, lower 252, sharp decline 216 large Valencias, lower lemons: oranges $6.45 to $7.45. Pittsburg: better oranges: oranges $5.25 to $5.85. St. Louis: unchanged lemons, lower Valencias: oranges $2.90 to $5.10. Boston: unchanged oranges: oranges $6.25 to $7.65. New York: steady oranges, LOS ANGELES POTATOES LOS ANGELES, Nov. 6.—Potatoes: Stockton Burbanks $1.85 @ $2.10; few fancy $2.25; Idaho Runets $1.75 @ $2.00. LOS ANGELES CITRUS LOS ANGELES, Nov. 6.—Oranges: Southern special brands large and medium sizes $6.50 @ $7.25; 200s and smaller $5.75 @ $6.25; market pack $3.75 @ $4.50. Lemons: special brands $5.00 @ $5.50; choice $4.25 @ $4.75. Grapefruit: local special brands $5.00 @ $5.25; market pack blank. Arizona seedless $5.00 @ $5.50; northern special brands $4.25 @ $4.50. LOS ANGELES PRODUCE LOS ANGELES, Nov. 6.—Butter 40. Eggs: extras 55; case count '48; pullets 44. Poultry: Hens 16; broilers 35; fryers 30. Hares: unchanged. BANK CLEARINGS San Diego ..... $1,001,677 Los Angeles ..... 27,553,729 Seattle ..... 8,853,207 Portland ..... 8,717,641 FRIDAY Eastern Pop Corn, 2 lbs. for.....15¢ Corn Meal, 5 lbs. for 25¢; 10 lbs.....45¢ Large Quaker Oats ..... 27¢ Darigold Milk, lg. 3 for 25¢; sm., 6 for 25¢ THE PLAIN DEALER, ANAHEIM, CALIF. IMPORTANT IT FROM THE Piece Goods Friday and Saturday 32-inch High Grade Dress Ginghams 32 inches wide, carried in many patterns of checks and plaids, all fast the low price made possible by special purchase of this store. Good Grade Yard Wide Outing Flannels Carried in some 25 different patterns suited for night gowns and paj check patterns, narrow stripes or broad stripes, firm weave, good fluffy Best 35c and 39c Grade Dress Ginghams 32 inches wide, of the finest dress ginghams we have ever shown at best in finish, excels in wearing quality and fastness of color. Won tern range of newest patterns. Best 35c and 39c Grade Dress Ginghams 32 inches wide, of the finest dress ginghams we have ever shown at best in finish, excels in wearing quality and fastness of color. Wontern range of newest patterns. Beautiful Yard Wide Bungalow Cretonnes Fine cretonnes, fine yarns, soft finish, fast colors. An elaborate range in floral designs and Persian designs. Suited not only for draining, but also for comfort covers. The "DESIGNER" Magazine Now Offered for one year (12 copies) at per year. Ask about it at the Standard Designer Pattern Blanket Headquarters Anaheim's most complete Blanket Department—Wool Blankets, Cotton Blankets, Blankets for household uses, sleeping porch, or camping purposes. Also the popular Indian pattern Robe Blankets are to be had at the lowest possible prices in our Blanket Department. NASHUA STANDARD "TWO STORK" COTTON DOUBLE BLANKET—in solid grey, pink or blue border, 68 x 80 $2.69 NASHUA 'BARLAN PLAID' BEAUTIFUL PLAID DOUBLE BLANKET—short, thick nap, firm weave, 64 x 76 $3.25 NASHUA "HOUSEHOLD" DOUBLE BLANKET —heavy blanket in solid grey color, thick nap 66 x 80 $3.49 72 x 80 $3.79 SHEET PEQUOT SHEET 72 x 90 Pequots 81 x 90 Pequots... We reserve the right to limit PEPPERELL SH 72 x 90 Pepperell 81 x 90 Pepperell ... 81 x 90 Peerless Sheets Absolutely free of starch FOR WOMEN: Ladies' Pure Silk and Fiber Hosiery: Carried in a completely ionable colors. This is a good wear. 75c Ladies' Pure Thread Silk Hosiery: ful value that is pleasing in at the same time very serviceable. $1.00 Full Fashioned Silk Hosiery: quality that will please you. construction to hose usually so... NASHUA "HOUSEHOLD" DOUBLE BLANKET —heavy blanket in solid grey color, thick nap $3.49 66 x 80 ... $3.79 ENGLISH ARMY WOOL' BLANKETS—Full bed size, heavy firm weave, insuring long wear... $4.50 NASHUA "STORM KING" PLAID DOUBLE BLANKETS, with thick wooly nap, 66x80 $3.95 NASHUA BEST WOOL FINISH DOUBLE BLANKETS Nationally known for its superior quality, in plain colors and plaids. 66 x 84, Plain Colors ... $4.79 72 x 84, Plain Colors ... $4.08 72 x 84, Beautiful Plaids ... $5.50 FINE WOOL DOUBLE BLANKETS ON SALE Approximate 40 per cent. Wool Plaids ... $5.95 Approximate 60 per cent. Wool Plaids ... $6.49 Approximate 75 per cent. Wool Plaids ... $7.50 100 per cent. Pure Wool ... $8.75 INDIAN PATTERN ROBE BLANKETS Single, heavy weight. 66 x 80 Single Heavy Weight ... $3.59 NT ITEMS THE Foods Dept. Saturday Only Ginghams 19¢yd. Flannels 19¢yd. Ginghams 29¢yd. Firm weave, good fluffy nap. Ginghams we have ever shown at the price, fastness of color. Wonderful pat19c yd. Cretonnes colors. An elaborate range of pat19c yd. Magazine Now Being (s) at per year ... 90c Designer Pattern Counter SHEETS and SHEETINGS PEQUOT SHEETS 90 Pequots $1.45 90 Pequots $1.49 reserve the right to limit quantities PEPPERELL SHEETS 90 Pepperell $1.35 90 Pepperell $1.39 90 Peerless Sheets $1.29 absolutely free of starch or dressing "WESTEX" Standard Sheeting 81 inches wide, unbleached ... 49c 81 inches wide, bleached ..., 52c Hope Bleached Muslin ... 17½c —for years America's foremost brand, a good muslin free of starch or dressing. INDIAN HEAD, 44 in. wide 33c Soft or linen finish HOSIERY VALUE WOMEN: Pure Silk and Fiber "Bear Brand" Carried in a complete range of fashcolors. This is a line that gives wear. 75c Pure Thread Silk Hosiery: A wonderue that is pleasing in appearance and same time very serviceable. $1.00 Fashioned Silk Hosiery: An excellent that will please you. Far superior in tion to hose usually sold at this price. FOR MEN: Men's Fine Mercerized Hose: Reinforced for wear, double foot, heel and toe. Carried in navy, grey, brown and black. 35c Men's Best Pure Thread Silk Hose: In all desirable colors; made to fit well, look well and wear well. 75c Men's Famous "Engineer and Fireman" Hose: The Bear Brand line, heavy weight, strong cotton work hose, full seamless. 75c Pure Thread Silk Hosiery: A wonderque that is pleasing in appearance and same time very serviceable. $1.00 Fashioned Silk Hosiery: An excellent that will please you. Far superior in ction to hose usually sold at this price. $1.45 Ant" Full Fashioned Hosiery: Pure silk, rich in appearance, having the "crow foot" heel. Full color range. $2.25 35c Men's Best Pure Thread Silk Hose: In all desirable colors; made to fit well, look well and wear well. 75c Men's Famous "Engineer and Fireman" Hose: The Bear Brand line, heavy weight, strong cotton work hose, full seamless. 19c FOR CHILDREN: Fine Ribbed Stockings: In white, brown and black; made of fine select yarns, best dye, special 25c Wing Flannel Night Gowns $1.29 solid white and light fancy stripe heel, double yoke night gowns. Ladies' Winter Weight UNION SUITS $1.69 mm heavy weight, very light fleece; carm several styles; no sleeve, short sleeve, long sleeve, with knee length or ankle 22 x 22 TABLE NAPKIN 25c —very special; highly mercerized pattern damask; beautiful floral designs. 72 INCH TABLE DAMASK 95c —superior bleach and finish, selected yarn, floral and combination patterns. Table Covers of Oil Cloth. 48 inch oil cloth of high grade, designed for use on round or square table. Each— 69c