Evening Star Newspaper, January 2, 1921, Page 27

FINANCIAL GE OF MARKET AVERAGES. | " The following chart shows ' graphically the action of forty repre- wentative stocks dealt in on the New York Stock Exchange. The period covered is the past month, up to and including the close of the market Friday, December 31. The lower section of the chart indicates the relative THE SUNDAY STAR, JANUARY 2, 1921—PART 1 Week’s Price Range New York Stock Exchange GERMANY COMING ... ..o <o Corrected to the Close of Business December 31, Saturday, at the Office of The Evening Star. activity of the market. ~—1820— Rate. Woek endiag December 31, 1920, Not. —1920— Rata. Wesk ending Deosmber 31, 1920. Net. —_— DECEMBER —m8 8 ———— Higk. Low. Div. High. Low. Close. Chre.| High. Low. Div. High. Low. Close. Chre. 2346789101 BW51617 1329 22232497289 3031 46 22~ Adams Express. 25 22 25 +3 (1524 254 4 KellySpringfleld... 41} 31 4035+ 8! = 22 463§ 14~ AdvRumely. . 15 1444 1534+ 3495 3513 — Kelsey WheelCo... 40 354 40 + 3§ b 7 72 40 6 Adv Rumely prd. 4426 45 — 34 331§ 145 2 KennecottCovper.. 170§ 15 174 + 1% i 883{ 24 6 Ajax Rubber.. 243 30 + 4% 48) 514 120 Keystone Tire..... 9 6% 84+ 1% 7 :% I% = Alas Gold Mine % U ;;% 45 6 Lackawannasteel. 52§ 4% 513+ 3}}: Vo '{ — Alaska Juneau 3% 1 + 14 38§ 155 2 Lee Rubber& Tire. 174 16 17% + ':7’ (= g?: ;;’5:{ —‘ Allied Chem & Dye.. ;3‘ ;73}( ;9::: ; ;fi ;"m 393¢ 314 Lehigh Valley..... 55 524 5413 1- :% = = > 614 4 Allis-Chalmers.... 30} 1 128% 12 Lig & Myer TobCo. 135 128% 134 + 6} & 2 2 = 5% 03 7 Als-Chamerspta 7D 67 T2 + 1436 145 2 T sloes 15% 143 15% s = 6 | % 5l 8 AmAgrChem...... S1% 533 57 42428 915 — LoftCandy S o kbl = X S| O |108% 323 8 Am Beet Sugar.... 42§ 36K 453 + 8%|1833; 120{ 12 Lorillard. P. . 1361 121%% 138X +10% z Z X (1283 45} 10 Am Bosch Mag..... 5l a 5046 + 1511215 94 7 Louis & Nashville.. 101 97 101 +3 g D 2 74; ® 0~ AmBrake Stos. o 4%+ %46 8 — Malinson Co...... @ 8 8 —1i§ - + = i 23 — AmcCan..... 26% 223§ 2536 +K2 1516, 63} 10 Manati Sugar. 70 633 68 + 27! w67 NS s 125 [101 2§ 7 AmcCanpta. 8) 76 7 -+ 13 65% 38% 7 Manhattan Elev... *#8 43} 48 + 3| ) = 1473 111 12 AmCar & Fdy. 12234 11533 1213+ 4%] 69 12 6 Marlin Rockwell 15% 4 15 + X% g \ 0 ifl% 154 — Am Cotton Oil. 18% 16 1834+ 1% 304 11 ' 2 Martin Parry.. 145 124 144+ 2% 5% 63 80 Am DrugSyn . 7 84 T4+ %I3l§ 65 8 MayDeptStores... 67 88 67 — 24 é 175 95 8 Am Express. 123% 113% 120 + 6122 148 12 Mexican Petroleum 150§ 15204 153+ 3| 63| 63 304 5 ~— AmHide& Lea. 8 [] 8 ,+ 1|2 143 2 MiamiCons Copper. 134§ 1l 15%+ X% g = 12 35 7 AmHWe&Leaptd. 42 373§ 41% + 3% 713{ 104 160 Middle StatesOil... 133{ 1134 13 %% @ Z | 8% 37 4 AmIce Secu.. 42 38 42 + 44 52 20% 4 MidvaleSteel...... 313 29% 313§+ 1% & E |® 5 6 AmIceSecuptd.... 57 68 5 +4 (21 8% — Minn&StLnew... 13 9% 124+ 24 ] 2 F3 118% 30 — Am Inter Corp. 42% 31% 41 + 84 1 2){ — Mis Kans & Texas.. 3 %% 25— % z 2 | %5 42 3 AmLinseed. 49% 40§ %+ 44 18 3% — MisKan&Texpfd. 4% . 4§ 4N+ % S ¥ |09 74 6 AmLoco.... 83% 74 82)5+ 3% 313§ 15 — MissouriPacifie.... 20% 15§ 193 + 3% S b 177§ 644 — Am Safety Razor 8% 64 8 554 3334 — Missouri Pacificptd 4134 364 40%4 + 3% ' (Copyright, 1921, by W. F. Meyer.) 30 7% — AmShip&Com.... 9 % 8% — %| 40 12 — Montgomery Ward 197 133 184+ 414 e o RIS e e 72 29% 4 AmSmelting.. 36 20% 36 -+ 1 |[69% 473 3 MontanaPower.... 50 48 49 +1 ...119.62, November 3. Industrials ...109.88, January 3. 100} 643 7 Am Smelt ptd. 7 +2 |51 19% 4 Mullins Body .ON% 20 0%+ X 9113, May 26. Rails ......... $5.37, November3. | 50 26 3 Am Steel Fayold.. 30+ 13 40 25)4 3 NatAcme. 0% 8% 0%+ V4| y S Pk 14236 821§ 7 AmSugar. 92 +3 [125 96 7 NatBiscult. 100 *6 100 +1 Industrials 79.15, February 8. Industrials .... 66.75, December 21. [106%{ € 10 AmSum Tob 74 + 434 80 25% — NatCloax &Sult... 264§ 253§ 2% — % Rails 73.63. December 12. Rails .. ... 67.83, February 11. [1003{ 924 8 Am Tel & Tel. 95% + % 13 2 — NatCon&Cable... 3} 24 34+ ¥4 - 283 104!§ 12 Am Tob..... 112}4 + 33 8034 45 6 NatEnam & Stamp. 49% 45% 465+ % Twenty Industrial Common Stocks Used Are: 2 A 3 Am Can . AmSugar Central Leather Rep Iron & Steel U S Steel 210 1003 12 Am Tobacco B. 110+ 3% 93 63{ 6 NatLead.......... 6 6% ® +2 Am tl'Ir&F‘fl‘ry ‘Am Tel & Tel Corn Products Studebaker Utah Copper 973 85% 6 Am Tobpfdnew. 86% 863 864 8% 3% — NatRRoftM 2dpfda 54 44 44— % Anioog’S Baliwimloco Gosdhen© U3 Muoeer™™ Westers Daton . 5 ggui 1 ZZ 1 Nov ConsalCop... o B ogxi;u * Twenty Raflroad Common Stocks Used Are: 21,,‘ 5;“ = ::Z;: ey 6 6+ 1417 66 10 :eywfi: :::kex. s 68 T —1% gEEerat RO | Neuon vl Eeter Lo |6 536000 A zinoutd. 30 2% 30 41 (85 66 5 NYCentral.....: 75 68 T4 +5% Erie Lowtis & Nash N;or{ulk&“‘fllem Southern Rwy 6% 30 — Anaconda... 35 300 33U+ 1%| 66)4 28 —~ NYChic&St <= 52% 54 + 2% Illigois Central N Y Central Pennsylvania Union Pacific 7% 18 4 Asso Dry Good . K 18% 25% + %] 61 353% 2V4 N Y Dock ptd 4% 40 0% - % Daily Movement of Averages: = 76 6 AtchTop&San Fe. 8% 793% 824+ 13 37% . 15% — NYNH&H.. . 193 16 18% + 2% Industrials. o 2 5 AtchTop&SFeptd 7734 *I5 6% — %|213% 16 . 1 NYOnt& West. 18% 17 18% + 1% 44 — AtlantaBir&At... 7% 44 7%+ 2% 29 9 f — Norfolk & South 0% 9% 1%+ % 8 7 AtlCoastLine..... 874 8 804+ 2 |105)5 85 |5 7 Norfolk & West.... 95 064 983 + 2% 6% — AtlanticFruitCo.... 10 6% 8%+ 134 61 48 'S 5 North Amerfean... 55} 493§ 55% + 5% 7134 10 Atl Gult& WI..... 1005 713 *16 —21 | 95% 663 7 NorthPacific.. 85% T4 &5+ 6 78 7 BaldwinLocoCo... 87 803 8 +33%| 77% 26 5 NovaScotia Steel. 30 32 41y 92% 7 BaldwinLoco Copt 93 92 93 5% « 3% 40 Okla Prod & Ref. 3 M+ % 4 ber 30, T 27% — Baltimore&Ohlo.. 37 3l}5 363§+ 4} 28% 23 24 264+3 December 13, Wednewday 11 1138 December 31, Friday . 40% 4 Baltimore&Opfd.. 53% 47§ 5: +5 M| 414 57 —3 Otis Steel...... EK g}i 1245— 3% —————— 13% — Beth Motors..... 2% L = 65 % Owens Bot Mach... % - % LIBERTY BONDS AT A GLANCE o0 Bl Wl g Sgra(E b eeme 4 2 4874.. 5 BethSteelClassB.. 553 526 55} + 13| 61} 41§ 5 PacGas&Elec e o, g iow. e Pridey. Vi |ll4 94 8 BethSteels%prd... 1003 993 993+ 3 4§ 35— PacifcOfl.... Liberty 3%s . ...101.00 9820 100.40 89.30 406 15 2% — Booth FisheriesCo. , 4% 3% 44+ 1 [1163§ 69% . 6 Pan-Amer Petro. < Liberty 1st 4s . 9600 9250 9348 83.00 503| 17 9% — BrooklynR T...... 10% 9% 10 . [l11% 64)4i6 Pan-Amer PetroB. , Liberty 2d 4s 29510 9100 9290 8140 519| 183% , 5% — BrooklynRTectfs.. 7 6% ;7 + Y| 414 12, "4 Parish&Bingham.. 12) 13 , 1% — % Liberty 1st 4%4s . 96.60 9400 84.00 525|165 48 ~— BrooklynUnGas, 50 48% 49 — 3|4 374 3 PennRR.... . 4% 30 0%+ 1% ‘lx.‘l_bcrty 2d 4:As - 9536 9112 9284 8110 5421 815 3% — Brunswick.. 5 4% 4% — % 3% 64 — PennSeaSteel..... 9 . 64 8%+ 1% By S S S ¢Z|1» 7 10 BurnsBros........ 8 78 8 +1|& 20, = PeoGas&Coke.... 3 3 K +1 s Ry S8 5% 113§ 3% — ButteCop &Zinc...* #{ 3% . 46+ 3432 14 © — PereMarquette.... 18 , I8% 17 + g Yactuy e, - : fed o 8 &8upCop..; LXK 8% 10 + 146 50 %6 PereMarqtteprofe 54 15 50 o 5 Victory 4%s . 940 9470 52023 9600 635| 2% Fatiuiie & BapCon. -« 106 534 fi0; TereMacstonr ot (S INMILE SDE *Close Thursday; mo sale Friday.| 27% 10 — Butterick Co. 4% 11 13 4+ 2 |42 30} 3 Fhiladelphin Co...... 35% 32} 3434+ 1% "1} 1% 14 +2 | 4% 26% — Phillips Petroleum... 20 273§ 28)§ = 'SOME ENCOURAGING FACTS Mg T 24 14 B . 8 Flerecheeen S, W4 00 o+ g - » lerce-Arrow pfd. . 6% 67 67 4+ % 2% 9 3~ . PlerceOll 10% 4 9% 10 —_ ON THRESHOLD OF NEW YEAR B S O R s 134 -~ 109% 10 Canadian Pacific.... 117% 1125 115% + 72§ 51415 PittsCoal... . 58% 854 58 +1 g _— 1084} 30 ' — CentralLeather.... 37 31% 30-h34 3¢ 2D4(—'Pittas WestVa.... 3K 204 30%4+ 2% 5 % 84 82 "84 +14Z% 12 “1 PondCreekCoal... 13%§ 12 ~ 125 — ¥ Ban! ound: Reserve 6135 26X 2% 266+ MUK 725 |8 PressedSteelCar.., 81,745 81 +5 % TV €m 1n r'erie alace . 164 503 :"-Q-l 124 95)% 8. Pull P Car..... 108 ° 101 105%+ 43§ = 7034 47 4 Ches&Ohio... ‘62 544 4+ 4%{120 40 , 8.PuntaAlegreSu...,; 483§ 43 ! 4714 + 4% Working Order—Lesson of 1919 Ab- |10 % £ Giel a5 B Be 5+ b 006 0 | SPureonCorerroof S0 315, 04 + B P 3% 154 — ChicGtWestptd... 20 17 19%+ Jisns s smg—3 sorbed for Public Good. A% 21— ChicM&StP..... 0K BT W+ T 0% 14+ 3% 6 363 — ChicM&StPpd..{ 45%% z“ 4 + o e 1 . 8556 7834 83 4+ 834 ’ = 91% 60 5 Chic& Northwest.. 67% 6 + Reading 1st pta 53%.51 53 + 2 BY L A. FLEMING. sional measures of relief now planned & 60 685 — 134 6% 334, 2 Reading 30pfduern 80K, 5456 57 I l;: The needs of the world a¥e not pup- [*7® available. 2% 2% 2% 434 M 2§ — RemTyPe.....omui B £ 2 B+ %5 Dlied: the record crops of American| . '“‘“"“t “‘m'“ :I'en:"l’h 6257 58% 63 +3 |9)% 30 — ReplogleSteeleceas .38 | 31 34 — 13§ furms and plantations are mot sell-| One Ereat improv s an ac-f g 7435 7083 T 76 + 3414 58 6 Republicl& 8. 625 S1% 615+ 2% ing at heart-breaking prices because | cruw e sacr, The Publlc, mtisied | ¢ 95 © 8% T 9% + (1236 436 520 Royal Dutch...ceoa 5003 . 506 04 + 4% there is no demand for them. e apts fo Sodute SRR, C. 20 1 2|1 10 1 P e e e vth ot|1> 10 5top Profiteering and to bring| K% 163 19% 4+ 734 | ,StJosephLead.....®11 .. 1§ 12 + 3 o e because. of can |into closer communion the wholesale | 108 O 42 B + DY 3% 1 —yBLLa S ¥, 241 196 W+ s Celed orders are not lost. Soon the |and retall prices, is ready to buy and| 40% 5 200 18 19% — 34 484 BYg industrial let-up will reduce the sup-|go ahead on a normal basis. 4% ' 2625 B+ Y0 1 | Ply of these same goods and the can-|" 4 27 % 2 0% cellations will be quickly canceled. justment the world over is pro-| 364 20 . + 24 We bave ‘passed through the after. s Sarae. Gt s e D el 07, LB S Colmiia s i WL.. 585 54 ;) 588 +3 |2BYK f 284 [:m:xho" = wu&-}%‘:a |:::t;»e-;ru::= :’l’ll;‘;:‘l‘:lfl;; h:’:’u.tm"b'“ than any| 6% < 93 3 ColumbiaGraph..., 10 i 9 i 93— :s( 9 | strenuous deflation, the salvation of | trade tn hor’ taver sodiE Dalance of| 56 34 ML M6 B — % 1 54 | the patient, although the medicine |look of all the woriy comareat OUt- 5134 S4%4° 83 Saf4 14 1% C 5% was mighty uncomfortable. countries. 80 % 19 + 2086 8% ' We are on the threshoid of the new Stop and Thiank. 5 243 [year. The best minds of this mation| If you are still inclined to be pessi-| 4% 16 3 ConTextile........ 20, 16 1034+ 85% bave been working out the problemsmistic, stop and think. The United| 973 513 7 ContinentalCan...; 68 ' 513 65 10 | 24 144 ( that nave cm‘upmm "fi;m:r'e they flt::uo fha:n'.";“l'ned but a small frac-| 1436 1 83 — B4 — 3 WK 33y !{::ir ‘é’a&"&"’n@“fl:‘ ;Id'l.he Jesult of | the world have Ghcough he tmios| 2% 3. 2 ConintCalnMin. 5 4 ef— 36 2, thete sl show, and plainly, l.m:nflnn;:l:wlul German military | 105% 61 = 4 Corn Produets. 6 64 68+ 2% 8K 48 When the troubled times of 1920| We have no “war zome” our rail.| &% 24 280 Cosden & Co. WK 306 WK+ “”‘? 5% | started. the railroads were more or|roads are intact, our banks are bulg. |2/8% , 0 8 CrucibleSteel...... 78570 757 — 43| 26 ' 20 +435 less the sore spot. The term “frozen” | ing with money. the big war debt| 603§ 213§ 7 Cuba-AmericnSug 30 26 30 + 24| 38% 18 2044 2! as applied to credit, originated in the | represented by liberty and victory is. 2 50 b g | vast volume of freight in transit that | sves will unquestionably be vetunded| 9936 1044 — CubaCaneSugar.., 2§ 174 233 + 534 0036 SouthernRRpfd.. 58 56, 58 +1X i the railroads could not move. that the coming generations may as-| 8544 54 7 CubaCaneSugpfd. - 653 565 6414 + 73415734 144 5 Stand. Ol N.J. new.. 15736 150 ' 1566 + 63§ Ratlroads Functioning. sist in bearing the burdens of the|(108 83K < 99 .95 99 + 43436 10044 7 StandardOil, N.Jpt 1053 10334 10534 + 13 This sore spot has been removed.|“prld war, o oo 200 165 10 DelLack&W..... 25 195 225 430 |5I4 264 | They moved the largest tonnage in| tural community through the drop in| 13 9% 1 DomeMines........ *103 9§ 104+ ¥[USK 223 + 25 #their career in 1920, and they have, | Prices of their products, we are as- = Coal 1 4 (12636 through the Esch-Commins mw. be. | 5red Ereat crops this year and will| o =~ Loo% — EikHom B 15 17+ 2% # % + 3% | come” practically . sclf-supportiss—that | be able with the purchases of coun- |17 , 50 4 5 Endicott-Johnson.. 545 47i§ 533 + 3)| 1 _t1X is the great majoritysome few are|tries that we will aid, to consume|102 84 ' ' jae f 2084 +,3 hopelessly involved with a burden|3nd export the hold-over crops and| 213¢ 934 +2 (60 o+ % 91 securities that will prevent renab- | the "‘: opg e well 303§ 16% — Erieilst pfd. 21, 17% , 203 4 23| 13% M+ A Fees wi 2, v | it Jou but drop North Dakota from | The Federal Reserve Board called a| 2% 13, = Erle2d nes. 15 134715 + ) 53¢ 2% 2+ X% ave pamery e panks of the country |halt on “silk shirt” extravagamce.| 95 40 = 8 FamousPlayers..., 9 M a4+ |5 4036 B+ Y% fiying ‘colors, have conserved their re. | 05 “as bitter, but the raving | 9l 6 8 FamousPlayerspf.. 76 714 75 +3 |4 1% 16+ 14 | sources, not'a mational bank closing, | spending has compietely abarcy wog| 436 213§ 3 FeaM&Smeltptd., 233( 213 22 — 3|22% 0§ — ThirdAveRR.. 2% 12, 12 - % {and in some sections of the country | the patient is on the broad highway |135 78 10 FisherBody........ 81 70 79— 3|34 64250 TimesSqAutoBup.. - 93§ ' 8 9+ 1K et Bl b eep and | of reco\l!ery with a valuable lesson in| 48 10 3 FiskRubberTire..; 12)4 10§ 11)6+ 34/9% 46 6 Tobacco Products.. 52 47 513 + 3% (o e Industries, pushed by the won- | QRO0ICE [FPYLG SIORY, In B Jeans) gg g3 — PreeportTexas.... 14 13§ M — %/ B% — TranConOll....... T 6% T4+ X [ et it aaa then o heeded UP| It has been a year of enormous| 19% 1§ — Gaston Willlams... 2{ 2 2%+ 3|06 344 5 TransuewilaWig. 39 353§ 38% + 25 | had to take the consequences of short. | pusiness. Stock and bond transac) 774 44)¢ 4 GenAsmerTank... 50 60 50 : |4, ZE S TwinCityRapidTr. 3 353 37 +1 { slhtedness and liquidate at loss. but| {1005, T3chd, (VRS PrOPCions 4001 637 3¢ — GeneralAsphalt.—.. 41% 363 405+ 134/127 i 61 6 UnionBaga&Paper.. 6 65, 6%+ 41 | and merchants in old ang atapie reT® | corporate need of cash when credit| 75% 51 6 GenCIar......... 533 52 5336 — 3|38 . 19 — UnionOfl......ceee 20% 19 ' 19 — 1)g ,haveh(-.khzn their medicine, and stand | 108 Strained, have heen exceedingly| 945 « 788 7 GemeralClgardeb... 80 78 73— 1 () 110 10 UnlonPactfio......, 120 L3 119 '+ 8§ © o) - > b e ainrestiold of (he ngw Year re.| The clearings of Washington ana|172 , 16)§ 8 GenBlectrioCo.... 121 117 121 + 33|69 6l 4 UntonPacificpfa... 4% @5 63 —1 of its favorable developments, of | €Very large city show an $82,000,000| 42~ 423 1 GeneralMotors_.... 143§ 13% 146+ 3|53 - 2)§ 4 United AlloySteel.. 32 , 28 313 +2) Which economic and financial students | (RErease, OVeT those of 1919; the ex-| 03¢ 644 6 GenMotorspfd..... 8 61X 65+ 1 4% 176 12 United Frust....... 198 18 198 +6 R Tope cotabiishes o new Targe record. | 854 58% © GenMotorsS%deb. 6245 8% G341 |15 7 — UniBylovestment. 11 . 9 11 + 1§ To Ald Foreign Trade. More than all else, “God reigneth| g3 72 7034 72 + 1%|32% 13 — UniRyInvestpfd.. 23 ' 1 Through the medium of the Ameri- | and the government at Washington | g % on %3 453 3 Unimetan e T 2% + 3% | can Bankers' Association there will | still lives.” % 3 30K + 4 2 = Stores.., 53¢ 48 513+ 336 j come into belng a corporation having lgfi z;x zg;g :ax— u}: “2 ;gn = g:g Ilr;:l;:lo.. ¢ 10 15+ 3% :xw.uon.noo capital and a one-billion- 1920 SETS SWIFT PACE 13 % 134 _gfii‘ ‘”‘ 7% 15 6 USFood peas g’g“ ;5 8 - 14 for the expreas pargose of hewvine the| FORN. Y. S ay B 256 Tit LIS 685 8 T8 Tnasei Aot 8 et n-:l'on-:! lh]: worl = h\;y our prod- . Y. STOCK MARKET 38% 19 16 19 + 2% 09% 354 — usmuty&nnpu 4035 :fi 643“1 2,‘ ucts and mal arket r- g Dius productions, which would ot be 5 1% 2 15 1 1% M3 5 8 USRubber........ 68 X 633 +7 ‘n::'h::hz_::;:rgzrg:E{;r:::::otr:‘d 223,000,000 Shares Sold During | 17% 7 — 10 9 9%+ 14|70 2 6 USSmelt&Ref.... 33, 205 33 + 134 { tries able to purchase the food they so| Year—$3,913,000,000 in Bonds | 35% 184 — 4 24 MK+ AW 76K b USSteel.... - 8U§ T4 81 + ly need. 84% 25 ~— 2% 254 21 — %[5 1084 7 UBSteelptd....... 108% 10434 10834 + 275 Thatis & favorable movement. at Par Dealt In. 8K 50 4 551§ 5235 5614+ 3 |80% 44 6 Utah Copper.. 50 453 B0 + 2% roads have g ebeats prachesty T8 nected ot e 2t e e et B | B 5 " ok T st v e w1 { credit for the purchase of equipment, r activity and | 71 - 50 Vanadium Steel.... *34) 28} 33 + 4 . 2| breadth of deali h, A fhay Desd aadlvment by (b Tl | Shock Hechanger witih conthien | ES &6 0 60l 68 + 34804 24 4 Va-CarChem. ‘they did not have credit enough to buy ggfihggtmfif:t CLET ;':.-'clfl'.'u mont .flz 9 ; it g 10 1%+ 1% f; ;x 2 Vivadou (Inc) _a surplus car wheel. e governmen and | 973 80%% Illino ntral.... %6 843 86 + 34 — Wabash........ 86 7% 8%+ 16 4 rities. 5 o purpe P nd often o keep | M isdctions in stocks approsimated| 9 5% 00 Indiahoma Ret. 6% 5% 65+ 3|34 17 — Wabashptda. 24 19 3 4 1§ Also a favorable happening. zw.!‘molg;;mn. against 316,000,000 | 617§ 28 4 Inspiration Cop. 32 28 3134 + 81| B% 12)4 — Wabashpra B. 1 13 4 41 Will Be Generous. e "heigni, "hom the war boom was| 64 3 — Interb-ConsCorp.. 4§ 3% 4+ X|70 464 — WellsFargoBx, 53 50 50 —32 o Bankers have e;epre;:;t‘:r:::d‘:‘e and | ghares in 1913 S 1% 8% — Interd-C'sCorp ptd 113§ 9} 11%+ 34|15 8% — WesternMa... 1 9 1%+ X% i = = s ‘{n.lueflf credit for needful purposes e ’3..7‘:3.‘“.':’-?:"”5&?.5; st Al B ,3;‘“ = dataaniouifare.. g0 0% 1 % Z% » i Lo S Speculators on Wall street have been| (e largest percentage, aggregated $3.- 88 5 Inter Agricul pfd... *52 4% 52 + 54| 2044 Western Pacific.... 29% 24 20 + 4 badly burned, many have lost their| 913000000 (par value), against $3,802.- | 1424 88 7 InterHarvester.... 95X 89 94 4 3|78 544 6 WesternPacificpt... 7034 64)5 705 + 6% all, and the speculative movement i | 0,000 in 1919 and $2,047,500,000 in 1915, | 5174 103 — Inter Mer Marine 123 1 923 804 7 West Union Tel 5, stocks during 1921 will be on @ much | Thege totals are exclusive of the busi- 1058 1% - X : % 8L4 845+ 4 more moderate scale, INVOIVINE the | ;ong transacted by the Consalidated m. | 11176 4 6 InterMerMaptd,.. 51 46% 51 +2 (119 80K 7 WestinghouseAB.. 3 90} 93 + 2% :use of less money and leaving more | change and the “curb.” or outside mar- |170' 284 — IntMotor Trucke. 31 34 +4 134|536 40 4 Westinghouse Mfg. %4335 40)§ 43! 3 73 Sommerca. o demand of rade|ket "Nor do they embrace the enor-| 263 113§ — InterNickel....... B T Ui, B - Wheelng&LB.... 135 855 lon s oo ‘~ o 7hi8 aiso may be sald to be encour- | Hiipes ‘and trust companies, concerning | 915 38%5 ~— Internat’l Paper.... | 42 + 2548 15 — Wheel&LEpa... 18 15 18 + ik ‘ e aro ow the veras of yenco with ;':fl, no approximate figures are ob-| 797§ 69 6 InterPaper pfastp 71 6% 71 + 64 381 4 White Motors. 36 824 36 + 315 Germany, and with the opening af 79 % 19 - 25% - M- 3% trade much of our surplus will be e Bl % — L] M+ 1 neamed, the norelen Finance Cor-| CHTLD SALVAGE WORK AIDED.| 7 4 -~ 1 56+ % The problem of our great agricul-| NEW YORK, January 1—Supplies| #X 7% — 7 7 9 — Jural population, unfortunate through | for continuing child saivage work in] 30 13 2 JonesTea. 8 i 2% he awful slump in prices for graip, | Montenegro will be provided the WK‘HI +3 yeotton, ete., will be less burdensome| American Red Cross by the European| 7% 13% — KanCity South. 6 : %+ 3% nd their buying power will, to some | Relief Council, it was announced here | 52)4 3873 4 Kan Cits Southptd. Wxtent, be restored when the congres- tonight. Y FINANCIAL Demand Improving. BALTIMORE, D s otes, secured I lA Y cial) —The live cl?:.leen"v’::rkil(. wme (] N on D; C. Read quiet, has a shade better tone and || Estate, for sale. Thirtyyears' values rule steady as quoted. The' demand is improving for top grade|| ¢XPerience without a less to 5 gattle, but common to ordinary stock |} a client. We attead to all is har 0 Ingve an s 1- Is Now a Factor of Im-!ui"friced S5 & Light sirect whasr: || detalls. Courteous treatment. . & Beef cattle—First quality. per 1b., 8a9; me- = dium, b., Ga7; ) portance in Our For e S 1t eits 307t || Percy<H. Russell-Co., thin stecrs, per Ib., 3a5; oxen, as to quality, “oi + [ per ib., 4a6: milk eign Trade. Beaa. o S0} Sxmmon o tair, por” hesd, | | S-W. Cor. 15th & K Sts. N.W. From Daily Financial America. Calven—Veal, cholce, per Ib. A crisis seems impending in America’s | fue “por pead 15 Soazn aas trade with most of Europe. Yet Ger- |12.00a13.00; many has vastly increased her dealings | 5 5 and improved her position here by sub- | £00d, 8al1: common, thin, 5a6. stituting barter of finished goods for i our raw materials. While others are|8% to size and quality, 12a13; shoa dropping out of eur markets for lack T R of credit, German buying of American c;:‘;gfgo";:fil mlnfl:m- raw materials and foodstuffs has risen | Burcay of Markets) —Cattler Sl‘&;;l fast. 3 1.000 head; compared with week ago, For September, the last month re-|beef cattle irregular, steady to $2 ported, our purchases from Germany |lower; greatest decline on better Prere exoeeded in Europe only by those | €rades; butcher cows and heifers gen- from Great Britain and France, Ger-|€rally steady; canners and cutters, many sent to .America chiefly finished |25¢ to 50c higher; bologna bulls, 50c goods valued at $9,700,000. In nine,t0 75¢ higher; -beef bullf, steady; months these shipments have reached | veal calves, $1 to $1.25 higher; heavy 50,000, 1 calves mostly 50c higher; stockers and Germany In this period has succeeded | feeders generally steady. in buying goods valued at 135 millions | HOgs—Receipts, 7,000 head; lively from America. That is about six times|25c to 35c higher than yesterday’s as much as we allowed her in th@same |average: light up most: top, 9.80 on months of 1919. She has again become | light light; 9.75 on 190-1b. aver- one of America’s best customers. Com- | 8ges; bulk, 9.15a9.60; pigs, 25¢ lower; pared with this result, Europe as a|bulk. acsirable, 80 to_ 135 Ib. pie= i whole reduced her buying to 1,244 mil-;9.75210.00. ) | lions in four months ended with Sep-i Succy -Receipts, 2000 hea’: t:u.n I“ tember, against 1,835 millions in the | pared with a week ago, fat lambs, 75c | same months of 1919. America has thusl to $1.50 lower; heavy lambs showing | TIZENS SAVINGS BANK Ci lost almost one-third of her sales to|greatest loss; matured sheep, 25c to Europe for four months. 50c lower: feeders about 50c lower. Still Bankrupt. e e M S R S e oney to Loan Der entire assets. Her currency is vast | gecured by First Deed of TR in volume and runs a race for Worth- pr e o Maal iterest lessness with the ruined paper money e L of Austria and Russia. Rhe mark is| Joseph I WellerSd ¥on.2s & e at about 5 r cent of its quoted B 2 1n gold, “The exchange A True Investment rate of marks for dollars is prohibitive 0 First Mort- gage Notes is for nearly all German buyers of our products. But Germany's buving has far exceeded that of any of the former neutral countries whose currency rates are far above her own in the foreign exchange market. ‘While the mark lately has been quoted at only 5 per centofits normal value in gold, Holland’s money sells 75 per cent, Denmark’'s at 50 per & Aiat the Groek at 48 per cent, Nor- Not Speculat: Way's crowns at 50 per cent, Sweden's ing A true investment means safety, security, freedom from . care, anxiety and trouble. Speculation may mean any- thing from profit to complete ’ loss. 3 To'those who want a safée investment, not a risky specu- lation, Our First Myor!g-z- Notes, secured on D. C. im- proved real estate, issued in denominations of $250 and upward, make a strong appeal. Ask for Booklet K __Wn. S. Phillps 1409 N. Y. Ave. and Spain’'s above 70 per cent. Yet the resourceful German found means to buy far more American goods than any of these nations. Pay for Fimished Product. How does Germany accomplish this financing? _Apparently it is the in- dustry of the German workman that is being exchanged for our goods by enormous fagtory combinations or trusts. America is not importing enough German goods to offset our exports, though the volume is rising. But our exporters of raw materials are practically accepting German fin- ished goods until they are sold in other countries. The proceeds are then used t6 pay the American cred- itor. Trusteeshi for American and other foreign raw materials in process of manufacture and sale have dustries. The 16,000 German knitting mills, for example, have created the ditag, as it is known, for financing and selling. Foreign financiers are members of its board. Ditag sells American cotton to German firms on credit, redeemed when the goods are marketed. The ditag acts as bank- ing agent for the American seller. The German manufacturer deposits corporate securities with the ditag for the ocotton intrusted to him. Credit is extended only to the ability of the-manufacturer to export. The or textiles he makes remain property of the American until a draft in gold is given, canceling' the debt. As the goods rise in value at every stage of manufacture, the creditor’s security is increased. Be- hind the ditag is the united strength of the entire industry represented. It was by such enterprise that U. S. Rubber Int. Nickel U. S. Steamship Sinclair Con. West. Md. ‘Wabash Mariand Ret. 258 others contaioed Tn Bulletia W- B N 360, went free on request. ! i ! The Firm of SCHMIDT & DEERY, 30 Broad Street, New York. is hersby dissolved by mutual consent, a: . SCHMIDT succeeds to all the Tight, ditlo-and interest of the firm. A % e December 31, 1920. : 3 . Deery"will continue in busi- ness at 30 Broad Street, New York. ANNOUNCEMENT = The undersigned partnership under the firm name of Walter J. Schmidt-& Co. Members Consolidated Stock Ezchange of New York. 30 Broad Street, New York. She also worth $12,600,000, oil bought copper —for the transaction of a general brokerage and products of $10,000,000, grain of $13,- investment business in high-grade listed and value, meat and dairy prod- unlisted securities. ‘WALTER J. SCHMIDT, -~ ERNEST R. SCRIMSHAW, THOMAS G. SCHMIDT. ance of $118,000,000 againstiher for Januaryxd, 1921. nine months. You:Can Instantly Recogmize a.Great-Chain Store System to the chain store for what is required for hisor her‘car. Today UNITED AUTO STORES, Inc., ; ; is recognized as one of the most substantial en- ; : grade tires an accessories. Y - UNITED-AUTO-STORES S s 3t £ o e e sk o R ety 7 o Quoted agencies in small towns. on 5 o L ik 3 A v o e A St at the right time. : CHARLES E. GLASSER &-CO,dne, 7}