Evening Star Newspaper, January 22, 1921, Page 14

BASLIGHT STOEX b MA : NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. High. Adv Rumley...... 19 ' 18 Dbereeueee 36 35 seme 1% 1% % Tompany’s- Five-Year Notes |im Bosch t for Public -Next Week. {*First Time Here for Rate. * Trading in Washington Gas Light featured the activities on the local Stock Exchange today. Fifty shares of this stock were disposed.of at call at 37%, and after call fifty additional shares changed. hands at the same price. The sales were in odd lots. ‘Ten shares of American Security and Trust sold at 225, and after call two shares of the same stock brought 226. Lanston was steady at 73, ten shares bringing that price, whil three shares of Mergenthaler Lino- type were sold at 120%. ‘There was some activity in the bond market. Two Washington Gas &s, one of $1,000 and one of $500, were di posed of at.75, one Washington rail way $1,000 4 per cent bond sold at 68%. and one of the Metropolitan | Railway Company’s $1,000 5s brought 91%. There was also ‘a sale of two Capital Traction §1,000 5s at 87. Gas Notes Offer. Through the investment banking firm of Crane, Parris & €o., the $1.- 200,000 five-year 7% per cent notes of the Washington Gas Light Com- pany, approved by the Public Utili- ties Commission several weeks ago. will be offered to the public next week. There has been no official an- nouncement as to what terms the naotes will be sold. It is generally understood that the price will be 100 plus acorued interest since January 1. This sale of these notes will mark the first time that a public utility note or bond has been offered in- vestors on a basis to yield as high & rate as 71 per cent, and reflect the radical change in the money market _which was brought about as & result of the war. Citizens’ Savings Elections. At a meeting of the directorate of the Citizens' Savings Bank, January 13, the following officers were élect- ed to serve during the ensuing year: L. E. Breuninger, president; Willlam D. West, vice president; R. L. Neu- hauser, vice president; Fernand Pet- it, cashier, and Ralph H.. Wolfe, as- sistant cashier. Personal Mention. Willlam D. West, vice president of the Citizens’ Savings Bank, left dur- ing the week for an extended cruise to the West Indies, Costa Rica and the Panama canal. Mr. West expects to return to Washington the latter part of February. Washington Stock: Exchange. Gas s, $600 at 5. Eam s Ean ‘Wasbington Railway 4s—$1,000 at 58%. . Washington Gas—10 at 37%, 15 at 874, 10 ut 37%, 10 at 37%, 5 at 37%. American Security and Trust—10 at 225. Lanaton Monotype—10 at 78. Mergenthaler—3 at 120%. Tosicerm oA Capital ‘Traction: 55—$1,000 at 87, $1,000 at Washington Gas Light—25 at 37%, 10 at T 10 Nt S b st e 10 American Security and Trust Co—2 at 226. Bid and Asked Prices : BONDS PUBLIC UTILITY. American Tel. and Telga. ‘American Tel. and Telga. 414s. Am. Tel. and Tel. ctl. r. 5 Am. Tel. and Ches. and Potomac Telephone 5. Capital Traction R. R. 5s. City and Suburba { Potomac Elec. Power G.:M. 6a. Wash., Alex. and Mt. Ver. 5 Washizg: 5s. TRUST COMPANY. Security and Trust... 224 SILENT ON FORD LOAN. ‘|Am Am Hide & Lea pf. 45 Ice.. cees @3 Am International.. 6% Am Linseed....... 85 Am Locomotive... 81% Am Safety Razor.. 8% Am Ship & Com... 11 Am Smelting. . % Am Smelting pf... 81% Am Steel Fdy..... 30% 9% Am Woolen. .. Am Writing Prpf. 3% Am Zinc & Lead... 8% Anaconda. Atchison. . . 82% Atlanta Bir & Atl.. 6% Atlantic Gulf...... 68% Atlantic Ref pf. Austin Nichols. Baldwin Loco. Balto & Ohio Balto & Ohio Barnesdall (B) Beth Motors. Beth Steel. 52 Beth Steel (B).... 5% Beth Steel 8% pf...103% Bklyn Rapid Trn.. 12% Bklyn Rap Trctfs. 9 Burns Bros 9% Butte Copper....... 5% Butte & Superior.. 13% Caddo Oil. . . 2 California Pekg... 63 California Petrol. . Canadian Pacific. Chandler Motor... Ches & Ohio. Chi & Alton. Chi R1& P 7% p! Chile Copper. . Cluett Peabody.... Coca-Cola. .o Col Gas. . 0% Col Graphophone. . Col Graph pf...... Comp Tabulator... Cons Cigar. . .82 Cons Intl Cal Min.. EEFEL Corn Products. Cosden & Co. Crucible Steel. 1 Gulf States S¥eel. .. Haskell & Barker. Hupp Motors. Illinois Centrai. Indiahoma. Inspiration.. Interboro Metro. Interboro Met pf.. ty Kelly-Spring Tire. 47 Kelly-Spring 8% pt Kennecott. 20 Keystone Tire. Lackawanna Steel. H LH LY R PR L N A o L B R Low. Close. 19 19 s 35 1% 48% 35% 2tEyeegalanysgdy ¥ L EEE o] 6% | Pan-Am Pete.... §Usggaevsay o wsdg yaRzeuszggeucy gagss grast L] L EOP § ® agrgusgegplizg.grsgugea. §et3%E HE L R L R S S e s (3 J3figueszeasgg azsnpng Mallinson & Co. Manhattan Elev... 6 86 Marlin-Rockwell.. M4 _ 1% _1%_ Martin-Parry. 936 19% 19% 19% 7% B% 8% 1% 1% 1% 12 0% 2% 18% Mexican Pete. Miami Copper-..... Middle States Oil.. NYNH& Hart. NYOnt& West. Oklahoma Prod. Orpheum Circuit. Pac Gas & Elec Pacific Oil. Pan-Am Pete (B). Pennsylvania. Penn Seabd Steel People’s Gat Pere Marquette. Pere Mrq prior pf.. Phila Company.... Phillips Petroleum Plerce-Arrow. 24 Pressed Steel Ca Pullman Co. Ray Con Copper. Reading. Remington Typr. Replogle Stee Rep Iron & Steel. . Rep Motor Truck. . St Louis Southwn. St Louis Sown pf.. 1 Seneca Copper. ... Shell Trad & Tran. Siaclair Oil. . Sloss-Sheffield. Southern Pacifi Southern Pacrgts Stand Oil N J pf. Stewart-Warner. Stromberg Carb... Studebaker. . Submarine Boaf Superior Ofl... Texas Company... 43 ‘Texas & Pacific. Texas & P C & Oil. ‘Third Avenue.... Times 8q Auto Sup 10% 4% 10 Transue & Wilms. 40% Union Oil..... .. 2% Union Pacific . 8% United Alloy Steel. -82% nited Fruit. 103 54% u% 38 36% 3 nited Retail Strs. U S Food Prod. s U S Indus Alcohol. ‘Westhse Air Brk.. Westhouss E & M. 4% Wheeling &LE... 9% ‘Wheeling &LEpf 17 ‘Woolworth. . ‘Worthington Pmp. 4% 4% 4% High. Low. Last. CallMoney..... 1 7 7. HOURLY SALES OF STOCKS. Allam.....22420 12m... .‘ufll —_—— LIBERTY BONDSE. { i i Liberty 3%s (‘»15-547‘) . 238288 SpRE38e L238232a8 F13 - Victory Victory 2BRRE 3% 4%s8 (5-20-23).... TODAY’S BOND PRICES. Officials Decline to Discuss Report- Gemers] Miectric ed Move to Borrow $50,000,000. "DETROIT, Mich., January 22.--Of- ficials of the Ford Motor Company will neither confirm nor deny the report from New York that the cor- poration is negotiating a loan of up- ‘ward of $50,000,000. In the absence ot Henry Ford, they safd, they could N not discuss the_ financial affairs of the company. Personal representa- tives of Mr. Ford are known to have been in the east during the last few R 'ierks < . For@ is known to be contem- ‘plating large expenditures in im- ment of the Detroit, Toledo and n rallroad, which #ome time ago. The company began dln.r'l)mnboot--‘nwmnml(ely $8,- ~000,0f nuses t £ b 0 its employ: TRADE CONDITIONS. NEW YORK. January 22.—Brad- Btreet's Toview of trade says: BTl Unis “Improvement is still the key word tn m{g- - great deal of irregularity in the reports, different industries and sections of country sending in var: ing advices. For one thing, wholesal Aistributive trade seems to, have held @all the ground gained in recent )weeks, whereas, on the other hand, retail trade is rather quieter, mild ‘Wweather in parts of the west being charged with affecting sales of win- ,ter apparel. Perhaps the most marked ‘fmprovement is noted in advices as %0 gains in manufacture and industry, \-but these gains are not uniform. Nor &re the reports from the country as & whols uniform. Best reports as to wholesale trade come from the big Primary markets, next to these being the west generally and a‘few Pacific rcoast markets, while the south, pos- :Iym %o reaction in .cotton ices, shows little ground gained.” trade situation, but there is | W i ® SHORT-TERM SECURITIES. Co.] (Beported by Frasier & l{l. ofter. L { g i . $ { i ] ;1 E i ‘Quotations furnished by W. B.. Hibbs & Co. Bid. Asked. lo-American .o 19 fisemimn oo ey % ago, Chile, has one hi attended by more than l.‘#o‘:i:f:ool ax | Application for e pe STOCK MARKET CLOSING STEADY Early Run by Shorts® Selling Is Checked by Late NEW YORK, January 22.—Shorts renewed their selling of popular is- sues in the stock market today, caus- THE EVENING STAR, SATURDAY, JANUARY 22, 1921—PART 2 Grain, Produce JOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per dos.. 64a6s; average receipts, 63; southern, €. »., Live 20; Dressed poultry—Fresh killed spring 2’&0!.; per lb., 37a38; hens, per Ib., lb... ‘&1‘“".'1‘. per Ib, 23; turkeys, per per Pork—Dressed, small medium, 14a15; heavy, 10a18. Live stock—Calves, per Ib., 17; lam 10a11; sheep, 3a6; hogs, 10. i b, ; Green fruits—Appies, per bbl. 3.00a |5 California jket, 76a2.50. Pineapples, X, 3.0024.00. .008.00. _Cali; ing losses of 1 to 2 points in various 4. stares, especially oils, steels, equip- ments and shippings. Speocialties of the types represented by General As- phalt and Sumatra Tobacco also were depressed to the same extent. Read ing led the lower trend among rails. A block of 6,900 shares of General Motors changed hands at a slight fractional decline. Rallies in the latter part of the ®ession began with local tractions, which rose 1 to 3 points on reports|y go.5 that legislation aiming at_ higher {’:‘re! is soon to be smtroduced at Al- ny. Mexican Petroleum, Crucible Steel, Pressed Steel Car and Studebaker also were conspicuous in the recov- ery. The closing was steady. Sales ap- proximated 350,000 shares. The most impbrtant ocontribution in the overnight news bearing upon the ‘| stock market was the report that the |5 /.- Ford Motor Company was negotiating for a $60,000,000 loan. The statement accompanying this announcement ex- plained that there were $30,000,000 unsold automobiles in the plan N agencies of the company requiring 80 much additioral working capital to carry. This revived speculative in- industry and led selling in General Motors and to a certain amount of pressure againal other automobile shares. - The advance in French excmndge continued and sterling was steady. Cotton options broke again. =%|BIG LOAN TO BELGIUM PLANNED BY SYNDICATE Subscriptions for $80,000,000 in Bonds to Be Opened Monday. Redeemable in 1931. NEW YORK, January 22—Formal announcement of the $30,000,000 King- dom of Belgium twenty-year.8 per cent external loan has been made by J. P. Morgan & Co. and the Guaranty Trust Co., acting a3 managers of & banking syndicate which negotiated the loan and' which will offer the bonds through a country-wide sub- scription in which the leading finan- cial institutions will participate. The bonds will be issued at par and will bear date of February 1921. They will not be redeemable as a whole before February 1, 1931, but a sinking fund will be created suffi- 107%. Subsariptions for the bonds annually at a price not eéxceeding Subscriptions for the bonds througl b h Sy “Hoston. Phildeiphia and Chi- city, Boston, cago. PRESIDENT PREPARING NEW HOME FOR USE Minor Alterations to Be Made, Garage Built and Elevator Installed in House. Preparatory to moving into..the house at 2340 8 street that he recent- Iy purchased for his home, President Wilson will provide for a number of minor alterations in the interior, the Ol’chI(;n of & “m:d the installa- on of a new ele . un was learned at the White House today that work will be started with- in & few days or the interior changes. rmit for this work was filed with the bufldirg in- spector's office of the Distriot yester- day. ‘v’v.a ‘B. Wood, architect, who has design the alterations and the building of the garage, filed the plication, which calls for an esti- mated expenditure of $4,000. 1t is e: pected tdhlt ll’:e uilding of the ga- rage and the elevator will cost approximately $8,000. One of the principal features of interior changes will be the building of a number of large wall bookcases in the library and the large cozy room which Mr. Wilson will use as his private study. There also will be added more oloset’ and storage room. The garage will be of a handsome design—something in keeping and in oconformity with t architecture of the residen of a size to_accommodate two large cars, The elevator in -the building has been found sto be unsatisfactory for the family’s use and & larger and more modern one will be installed. The extra closet and storage room s absolutely necessary, it is pointed out, because of the great mass of private papers and documents and other personal effects collected by Mr. ‘Wilson during the Jast eight years. In one of the smaller rooms ad- jacent to the study will be an im provised file room where the papers and other data which the President ‘will use for reference in the writing of his book of the war Wwill be kept. Early preparations for moving from the White House are under way. — e ONE LARGE NAVY YARD IN EAST URGED BY SIMS s Admiral Declares Holdings on At- lantic Coast Should Be Sold and Money Used. By the Associated Press. NEWPORT, R. I, January 22.—The navy yards on the Atlantic coast should be sold and the money used for the building of one big base on Nar- ragansett Bay, in the opinion of Rear Admiral William S. Stms, president of the' Naval War College. Speaking at a2 meeting of the Chamber of Comnierce forum last night, he said he believed Narragan- sett bay should be devels by the erection of repair plants capable of caring for 2 whole fleet, adding that the bay was the only place on the coast that he knew of where an en- tire fleet could be sheltered in safety. In the event of the United States Navy requiring repairs after an en- gagement with an enemy force, Admiral Sims said the fleet would be forced under present conditions to scatter to several yards for the necessary work. An enemy would like nothing better than to cause dispersal of an opposing force, and its object would be achieved under present conditions, he said. If the country should sell the navy yards as he recommended and built such & big base here as hb had in mind, Admiral Sims said there would be an improved condition in naval operating efficiency, with money left over. MOTHER HELD IN DEATHS. Faces Trial for Murder—Bodies of Children in Burned Home. WARREN, Ohio, January 22.—Mrs. Thomas Koehler today is facing & trial for first degree murder in con- nection with the death of her tw: ren, whose bodies were foun the ruine of their burned home, near Hubbard, last month. The dictment was returned last night in- by the Trumbull county grand jury. allation of the new| j Vegetables—Potat: por Dbl., 2.76ad.95; do, , 4. X per bbl,, 3.50a4. tuce, Florida, per crate, 2.00a3.00. Cgl- . . New York celery, ornia _ocelery, 7.00a7.50. ine lettuce, 75a1.25. ‘Squash, per bbl, 150a2.00. Cymbiings, per grate, Peppe spl:“k ?50-2%0 T8, per basket, 4.0026.00. Tomatoes, per box, 6.00a8.00. Onions, per sack, 1.76a2.00. Brussels sprouts, g:{ Quart, 16a25. Cranberries, 18.00 per DAIRY MARKET. BALTIMORE, January 22_(Special). —Arrivals by boat: Poultry—Young chickens, live, per I 26a35; dressed, 34a36; 28a33; dressed, 32: 880! ; Eeese, 28a33; a"f:'sz'"fi.‘: tarkers; 403 3 dressed, ab2; geons, T 40a45; guinea fowl, 40aé5 , 4085/ Eggs—Lo ff, strictl; by, dos., 65; southern, a32; groul- butter, 37a3: ed, 18. NEW YORK, January 22.—Butter— ‘Wealk; receipts, 35 tubs. Creamery, higher than extras, extra (92 score), 50; firsts (88 to 1 score), ;f;lg; zx;ukmc stock, current make, Eggs—Baraly steady; réceipts, l%}f: state Pennsylvania by W rn hennery whit first to extra, 68a78; do., brown, ex- tra, 69a70; d gathered brown and mixed colors, first to extra, 66a68; refrigerator seconds, 58a60. recepits, 448 boxes. State, whole milk flats, held, specials, :26a29; do., average run, 24a25%: state, whole milk flats, fresh, specials 24% a25%: do., average run, 22%a24. Pouitry—Live; not quoted; dressed, steady and unchanged. CHICAGO LIVE STOCK MARKET. CHICAGO, Iil, January 22 (U, S. Bureau of Markets).—Cattle—Re- ceipts 1,000 head; compared week ago, beet steers, 50 to 75 lower; medium to choice mostly 1.00 to 1.25 lower; gen- eral trade on fat cattle, lowest for nearly five years; cows, below 500; low grade heifers, little changed; bet- er killing grades, the stock un- evenly 50 to 1.00 lower, best declined most; bulls about steady; veal calves, mostly 50 higher; heavy calves, slow to lower; stockers and feeders, most 25 to 50 lower. Hogs—Receipts, 7,000 head, mostly 15 to 25 higher than yesterday’s aver- some held off market, closing 9.85 for 180-pound offerin; ) 9. ; pigs slow and almo; steady. Sheep—Receipts, 2,000 head; com- pared with a week ago, handyweight lambs, 75 lower; weighty llmli: :h‘bout. a ee) to 26 lower. COTTON MARKETS. NEW YORK, Jan .22.—There were further reactions in the cotton glrkat at the po; mprket and the failure of foreign trade adyices to show any improve- ment. 5 4 Futures opened barely steady; Jan. uary, 16.30; March, 14.45; May, 14.7 July, 14.94; October, 15.05. W ORLEANS, Jinuary 22.—An- ginning' returns thing Monday morning caused moderate selling of cotton to- . ‘The offerings came on & small ‘market and were not well received, { goep with the consequence that in the first half hour of trading prices fell 15 to fl .polntl. March trading down to Futures opened qulet and steady. 'Anuas 13.8! March, 13.9 13.93; July, 14.10; Ootober, 14. ‘While covering operations by shorts 'were at times rather general, up turns ‘were not wide nor well sustained, and late in the session further liquidation of long contracts came on the market, forcing prices to levels 29 to 32 points under the finals of yesterday. irch dropped to 13.71. The market closed barely steady. January, May, 14.50; July, 16.95; March, 14.45; 14.70; October, 14. COFFEE MARKET STEADY. YO! Jan 22, Rio No. 1‘.‘“ l-u.m;'\num steady; March, 6.45; Beptember, 7.57. INDIAN IS RELEASED. A s Menominee Tribesman Acquitted of Insanity Charge. turkeys, 5., Soass; ehickens, Z Dor T BE: Denm per The 30; Eeats = Joung, ‘each, 30ate, “ and Live Stock GRAIN AND PROVISIONS. BALTIMORE, January 22 (Special). 'otatoes, white, No. 1, per 100 lbs, al. cobblers, 1.50a1.6! McCot 1.26a1.40; No. 2, 560a75. Sweet: 3.00a4.50. both, 200a2.50. pearl and X, 2.00a5.00. Bee! 2.50a2.75. Brocoli, bu., 65a75. Cabbage, per ton, flower, = crate, _2.2522.5 washed, Bunch, 50a1.00. Cucumbers, .0/ 00. Eggplants, crate, 0 . Kale, bbl., 1.75a2.00. Lettuce, 00. Onions, per 100 lbs., 1.25a 1.50. Oyster plants, bunch, 7a8. Par- ., 1.2 .50. Peppers, crate, . Radishes, per bunch, Savoy cabbage, bu., 75a1.00. Spinach, bu., 1.26a1.50. Squash, crate, 3.50a4.00. Tomatoes, crate, 2.00a6.50. Turnips, bu., 125a1.50. Apples, bbl, 3.00a6.00; No. 2, 2.5 .50; box apple: 023.50; loose, per 100 1bs, 1.25a1.50. Oranges, box, 3.25a4.00. Grapefruit, box, 4.00a5.00. Tangerines, straj 6.0/ a8.00. Cranberries, 14.00a15.00. 2, | Strawberries, quart, 60a65. SELLING PRICES AT NOON. Wheat—No. 1 red winter, spot, 1.87; No. 2 red winter, spot, 1.87; No. 2 red winter, garlicky, spot, 1. per bushel;’ January, 1.81%; February, 1.s2; March, 1.84. Wheat sales—Bag lots of nearby, by sample, at 1.72 per bushel. A cut of 25 cents is announced in prices for all western and city mills flours. Corn—Cob, new, yellow, 4.00a4.10 per barrel, in car lots; contract corn, spot,- 81 per bushel; January corn, 80%; February corn, 79% track corn, yellow, No. 2 or better, 84 per bushel. Oats—No. 2_white, 556 per bushel asked; No. 3, 54 per bushel aske g lots of nearby rye, quality, 4.80 per bushel; No. 2 western spot, 1.78% per bushel. Hay—No. 1 timothy (nominal), 28.00 228.50; standard timothy, 26.50a27.00; No. 2 timothy, 25.50a26.00; No. 3 timo. thy, 21.00a23.00 No. 1_Mght clover, mixed, 35.80226.50; No. 3 light clover, 221.00. Straw—No. 1, nominal; No. 2 straight rye, nominal; No. 1 tangled rye, 17.00; No. 2 tangled rye, 16.00; No. 1 wheat, 13.00213.50; No. 2 wheat, 12.00a12.50; No. 1 oat (nominal), 18.00a18.50; No. 2 oat, 16.00a17.00. NEW YORK, January 22.—Pork— Easy; family, 46.00. “!L;srd——‘l’lrm; middle west, 13.55a Other articles unchanged. CHICAGO, January 22.—Offerings of ‘wheat were light today end prices ad- vanced 2 cents before the upturn was checked. There was a general rush of short covering and commission shouse buying at the outset, while on the bulge there was some selling at- tributed to the same interest that has been credited with selling freely for some_days . A report from cen tral Illinois told of considerable sale: of the cereal there yesterday. Initiay quotations, which varied from 1 lower to 1 higher, with March 1.64% to 1.653%, and May 1.54 to 1.55, were fol- lowed by rallies all around. Corn was in demand by commission houses, but only part of the orders were filled. After starting % lower to ¥ higher, including May at 67% to 67%, the market scored a slight gen- eral advance. s were dull. Opening quotations, which were unchanged to 1% highe: including May at 44% to 44%, de- clined itly, then recovered part of the loss. Higher prices on hogs gave strength. to provisions. —_— SUGAR MARKET QUIET. NEW YORK, January 22.—Raw Su- ar was quiet and unchanged today at 4% for Cubas, cost and freight equal to 6.39 for centrifugal. reported were 4,900 bags of Cubas in port. Refined was less active and prices were unchanged on the basis of 7.75 for fine g lated. Futures ruled easler under light liquidation and closed at declines of 5 to .9 points; January, 4.45; March, 4.55; May, 4.68; July, 4.83. NEW -YORK BANK STATEMENT. NEW YORK, January 22.—The ac- tual condition of clearing house banks and trust companies for the ‘Week shows that they hold $12,427,640 reserve in excess of legal require- ments. This is an increase of §14,- 500,030 from last week. . —_—— - LIBERTY BOND PRICES. NEW YO! Jan REK, uary bonds closed.> 3 's, 92.1:: first 4s, victory 3%s, 97.20 viotory 4%, 97.26. PARIS BOURSE HEAVY. PARIS, January 22.—Prices were heavy on the bourse today. 3 per cent rentes, 50 francs 5 centimes; ex- changes on London, 54 francs 55 cen- times; 6 per cent loan, 85 francs.30 centimes. The dollar was quoted at 1% francs 13 centimes. MOTOR PLANT TO START UP. PORT HURON, Mich., January 22— ‘The Wills-Lee Motor Company. around ‘which has been built & “model city” at Marysville, near here, will formally begin production January 24, it was an- nounced today. Fifteen hundred men ‘will start work. —— BAR SILVER QUOTATIONS. 23.—Bar sil- foreign, 66%; August A. Breuninger, member of oon the Menominee tribe of Indians, was acquitted late yesterday afternoon by & jury before Justice Balley of a charge of i ty. Breuninger had been under observation for some d at the psycopathic ward of the Wash- ington Asylum Hospital, and although the District’s allenists said he was suffering from paranois, the jury re- orted & verdiot that he is sane. The ndian was rele from custody. Representative Brown of Wisconsin defended Breuninger, whom he had known for many years. Breuninger was shown by the testi- mony to be a_teacher of music and a lawyer. He sought the release from the Government Hospital for the In- sane of James Waupoose, an Indian whom he claimed had been his serv- ant, and when the authorities showed to the court that Waupoose was be- ing held under a criminal charge and was not entitled to be released, Breuninger began a lawsuit against Secretary Payne, Indian Commissioner Bells, Justice Siddons and United States Attorney Laskey, asking $60, 000 damages for depriving him of the Bervices of ‘Waupoose. ——— LOOK UP LEGERE RECORD. C. L. U. Members Find Speaker ‘Was in One Big Union. Investigation of a . resolution re- ferred to the executive committee of Central Labor Union disclosed that Ben Legere, who spoke at the meeting Monday night in behalf of the Work- ers’ Defense e, had at one time been a member of the One Big Union and was ou: from Winnipeg, Can- body, in which Central Labor Union would be placed on record as support- ing the cause of these men. - Following the investigation, it was decided that the executive committe would report unfavorably on the res olution to the membership of the ce: tral body at the meeting next Monday night. - on real estate Prevailing rate of intepest H. L. Rust 912 15th St. N.W. 50 Cents STARTS AN ACCOUNT Interest c\a:wunded ‘l’xm::nn} m THE CLINTON BANK Clinton, Md. Gilbert Dent 7. 3 Cashier EQUITABLE (CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Assets . $4,272,068.87 Burplus $1/085,322.80 Save-While You Have the Opportunity —Thousands who have adopted this systematic saving plan of the Equitable have saved most substantial sume. Subscriptions for the 80th Issue of Stock Being Received Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING, - 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. 4. |small, 33—Liberty | preme 80 | of the Cudahy Packing Company and FINANCIA SEVERE DECLINES MARK WEEK’S WHEAT MARKET CHICAGO, January 22—Severe de- clines in the wheat market this week have been accompanied by much talk of exporters trying to resell and about untoward business conditions in Europe. Compared with a week ago, Wwheat this morning was down 123 to 15% cents a bushel, corn lower 6% to 6% cents, oats off 4 cents to 4% cents and provisions 15 to 80 cents. Bears obtained control of the wheat market chiefly after gossip became current that Italy had canceled some of her contracts for wheat bought in the United States. Notwithstanding assertions that the amounts were belief spread that European reselling might be a big factor if Ar- gentina began to ship freely. Great interest, therefore, centered in a question which today was still unde- termined whether Argentina would omit a proposed export duty on wheat, the point being that such action 0 fwould tend to shift Europe demand to Argentina from the United States. Subsequently, inquiries for a large amount of wheat wanted for Portugal rallied the market somewhat, but the effect vanished when it was said that six months’ credit had been asked for. Big receipts of corn exercised a bearish influence on the corn market and upon oats as well Both cereals touched the lowest price level since 1 Provisions weakened ghnovisions weakened in line with WEEK’S STOCK TRADING IS FAVORABLE TO BEARS NEW YORK, January 22.—The net result of an active week in the stock market was distinctly favorable to the bears, or short interest, prices of leading issues as well as many specu- lative shares’ tending substantially under maximum quotations of the previous fortnight. Dealings were again preponderantly professional, except in the bond di- vision, where signs of an expansion of the January reinvestment inquiry were furnished by the easy absorp- tion of new capital underwritings, chiefly domestic municipal offerings. Money was the dominant factor, rates for call and time funds evinc- ing harder tendencies, due in large part to extensive federal withdrawals. Industrial developments, which con- tinued to chronicle an expansion of. wage reductions and further curtail- ment of production in leading branches of manufacture, were among the other deterrent factors. Heaviness of various steel and equipment shares directed renewed attention to the unsatisfactory state of those industries. Estimates of the United . States Steel Corporation’s earnings for the final quarter of 1920, to be issued next week, were unfa- vorable, ‘and railroad earnings, as shown by reduced tonnage, were hardly helpful to shares. Exchange on the principal European transportation | 2 TRACTON GROIP 15 BOND FEATURE NEW YORK, January 23.—There was very little interest in the bond market this morning. _Trad- ing was generally quiet with barely any change in prices. The only fea- ture at all was the renewal of active buying in the traction group If Gov. Miller of New York ‘n his mes- sage to the legislature on Monday appoints a commission to go thor- oughly into the merits of the fare Question to ses whether the com- Panies are entitled to an inorease it will be regarded as decidedly con- structive, for the traction interests are confident that they will be able to establish their case. Third Avenue Adjustment 58 rose over 2 points, crossing 31. Interborough 5s did not €0 up as much, but they were strons. There was quite a demand for Brool Iyn Rapid Transit 4 per cent bonds and also for Interborough 4%s. Some Unusual Activity. _There was unusual activity in the New York, Westchester and Boston 4328, These bonds. which carry the New Haven guaranty, started in yes- terday morning at 391:, got up to 41% at the close, and today reached 42. The buying was evidently founded upon the belief that the New Haven situation will right itself by the roads outside of New England giving up to the New Haven and the others a larger proportion of the rates re- ceived on through traffic. Other rail bonis were inactive. The liberty group was slightly higher. Belgian 71¢s held firm, thus showing that théir price had dis- counted the new 8 per cent offering that will be brought out Monday. —_— MONEY AND EXCHANGE. <, January 22—Prime . 7%a8. Exchange ir- Sterling sixty-day bills, 3.12%; commercial sixty-day bills on banks, 3.72%; commercial sixty-day bills, 3.72; demand, 3.77; cables, 3.77%. Francs, demand, 6.84: cables, 6.86. Guilders, demand, ; cables, 33.25. Marks, demand, 1.65; cables, 1.66. Ar- gentine, demand, 35.00. Brazillan, de- mand, 4.50. Belgian francs, demand. 7.15; cables, 7.17. Lire, demand, 3.5 cables, 3.59. Greece, demand, 7 Montreal, 12 per cent discount. Government and railroad bonds ir- regular. CRUDE OIL PRICES CUT. PITTSBURGH, January 22.—Another cut in the price of the various grades of crude oil is reported, the second this year. The reduction amounted to 25 cents a barrel, making the new prices as follows: Pennsylvania crude, 5.50; Somerset, 3.75; Somerset Ragland, 2.00; McKinney, X There was no change in the price of Corning oil, which remained at 3.75. centers was at highest quotations in | three to six months. The approaching conference of the reparation commit- tee and announcement. of a $30,000,000 loan to Belgium served materially to effect this further stabilization. —_— RESERVE BANK STATEMENT. NEW YORK, January 22.—The state- ment of condition of the Federal Re- serve Bank of New York, at the close of business January 21, show: Total gold reserves, $394,475,060. Total reserves, $546,098,015. Bills discounted; secured by gov- ernment war obligations: For members, $409,162,687. All other, for members, $4 ,919. Bills bought in open market, $65,- ‘Sales | 366,506. Total bills on hand, $944.120.113, Total earning assets, $1,007,495294. Uncollectei items and other deduc- tions from gross depasits, $151,581.478. reserve account, Total gross deposit: Federal reserve notes in actual culation, $793,026,170. Ratio - of total reserves to deposit and federal reserve -nete-.liabilities combined, 38.1 per cent. . STOCK PLAN APPROVED. Cudahy Packing Company to Dis-- pose of Interests. Justice Stafford of the' District Su- Court has approved the plan Edward A. Cudahy to dispose of their interests in the Wichita stock yards. Under the plan & minimum of -2,500 shares of the stock is to be sold in three months, and, if. possible, 3.517 shares are to be disposed of by that time. As to the remaining 4,100 shares owned by the Cudahy interests a time limit of one year was set for their disposal. The Department of Justice assented to the decree, approving the plan. FINED FOR CARRYING GUN. Elizabeth Kennedy of 630 G street southeast, charged with carrying a concealed weapon, was fined $50 upon her appearance before Judge Hardi- son in Police Court today. The defendant admitted carrying a pistol, but stated that she had carried it only to frighten a-little colored girl who had annoyed her. Secured by First Deed of Trust on Real Estate, ailing. interest 220 commission. Joseph I Welleric, "o ta ¥ S YOUR REINVESTMENT January and February are months - when capital is avalisble for re- investment dpe to seasonal liquida- tions. It is a most agreeable fact that nearly every day one or more of our cilents authorize the investment 3 Notes Washington real estate. Cupital for relnvestment isdi- cates consummation of & safe snd sound transaction. It you are comidering the pos- «ibilities of specylative stocks for 7 . the superior sta. ty and safety of ington notes should, ap- you. HENSEY CO. 727 Fifteenth Street N.W. ‘Washington, D. C. THE NATION’S HOME TOWN. Open Saturday 5:30 P.M. to 8 P.M. administration I might Lincoln Said: it have commif ible if I had mot. The Lincoln National Bank is a living monument to the faith of this institution in the community, and the faith of the community in this bank. Sabings Accounts 39/, Interest Our Savings Department Depositors are ed to have January Ist interest credited in their Pass Books. . Commercial Accounts * Monthly Statements Rendered Foreign Exchange At Lowest Rates The Lincoln g=—————= NATIONAL BANK ;