Evening Star Newspaper, January 29, 1921, Page 16

4 LOCAL SECURITE FINANCIAL., . NEW YORK STOCK EXCHANGE.! THE EVENING STAR, SATURDAY, JANUARY 29, 192I—PART 2. Receivéd by Private Wire Direct to The Star Ofice. i Adams Express... 3% 3% 2% 2% |LacledeGas.. U e ek K% . Adv Rumley. 8% 15% . 16 16 16 16% . Alr Reduction. 3% % < 101% 1013 101% 101% Allied Chemical... 5% 51% 60% 80%|Mallinson & Co.... 1T% 1% 1% 1% s = Allied Chemical pt 8% $8W 88 % B M K 2 . 8T lem. Bankers Plan for Dinner and |Am Boscs. - o % me e o H % 1% | Miami Copper. . 18% 18% 15% 18% | - 1% 7% | Middle States Oil. 1% 1K u% li Convention—Signs of e ot M Gl e = % % e a% Ny Fadvorable. Prergrin ux ux % Times Are o ™o ) BY L A. FLEMING. a & e * Business on the Washington Stock Ex- Sl SRR R el e e e change has settled down to odd lot g3 8 83 |Montgomery Ward 16% 16% 16% 16% trading, nor has there been much de- | Am Safety Razor.. 8% 8% 8% 8%|NatlAcme........ 25 35 2K 25 raand for these. The inquiry for bonds, | Am Ship & Com... 1% 1% u% % |NatiCloak & Suit.. a1% a1% 3% 1% he first few days of | Am Smelting. 3% 0% 39% 40% | Natl Conduit. o 4% so urgent during the Am Smeltingpf... 81 8 8 8 |NaiRysofM 4% % 4% % the month, has evidently been satisfied, | o gro )yl P 30% 0% 20%|NevadaCopper.... mx 1y u% n% although the New York market con- 0% % | New OrTex&M... 1% 76 7% 7% tinues reasonably active for most of the 81% | N Y Central 2% B TR leading issues. X 2% % w2 ‘But few bank shares have been traded 119% | N Y Dock p! % U% M% u% in this year, so far, although all of the 67 ¥ - 2K AR A% % trust companies have figured in trans- a9% | Norfollc & Watrn.. 101 101 101 101 actions. o erica.... §5% Today's record was headed by Wash- 100% | Northern Pacific.. s ::2 ::: :““ ing Gas with a_round lot at 37%. a ] Oklahoma Prod... ‘3% s "o slight advance. Capltal Tractlon 20 o4 & |Orpheum Circuit.. zm6 s s smop A ' small transactions, the former 695 | Otis Steel. . .. %% % 106 at 122 and the latter at 74% and 75. For 10% | Pac Gas & Elec. a% a. a% the month to date these two stocks have 4% | Pan-Am Pete...... 6% 7% 7% 5% furnished total sales of but 209 shares % {Pan-AmPete (B). 6 69 69 69 all told. This in spite of repeated in- Pennsylvania..... 1% 1% a% 4% formation as to the business of the 4% { Penn Seabd Steel.. M% % 1% 1% campanies. 5% | People's Gas...... 38% 38% 385 834 Council Meeting. 1% | Peoria & Eastern.. 103 10% 10% 10% At a meeting of the touncil of ad- 106 | Pere Marquette... 1% 17% 1% 17% ministration of the District Bank- &% | Phillips Petroleum 28% 2s% 281 2836 ers' Association held last night the 15% 12% | Bierce-Arrow. 5% 26% 26% 2% proposed get-together dinner in Bklyn Rap Trctfs. 8% 8% 8% U% 10% 1% ADrl was discussed, and also the out- | g FICORIT S8 B G % 765 T6% look for the third annual convels | Butte & Superior.. 1t 181 18% 6 &1 €1 ::‘0!}“;: the association, to 5 é:lefloci‘l( a 18“ l!‘i‘fi ‘:” i fi;‘ 3” 2“ R. N. Harper was authorized to ap- [ {3ddoOil.... - 1% 1% 7 Pressed Steel Car. point committees and was personally | CaliforniaPckg... 63 6@ 6% 62|, o 55 C“DLI:% ):' o % charged with making the plans for |California Petrol.. 31% 814 36% 3% pypmanco = % 100% 100% the dinner. at which it is hoped to |Canadian Pacific.. 118 8% 1ri% 118 |pyn 0¥ 90 c -+ 1% 1114 110% 110% have as guests the incoming Presi- | Central Leather... 1% {l% 40% 41 |p .0 BTe..... 4T% 4T% 4% ATH dent and Vice President, members of | Central Leathpf.. 98 €8 8 8 |p .o ‘Cop % 36% the capinet and leading members of | Cerro de Pasco. 30% 0% 0% 20% ae:'m:“ opper. 18% Congress. Chandler Motor... T0% 7% W% 70| p, LeGeods [ While nothing has been definitely |Chi& EasternIl.. ek ok % 6% | noadin€idpro.. Mk mw mK 6 settled, it is within the probal es el.. 67 That the interests of the District of | oo s e vy, 17 19% 19% 19% 18| Rep Motor Truck.. 2% w% e o% Columbia may be brought to the front 8% 6% prominently at the dinner. ne % m‘!.‘he wpoiatmomuiflb; mm&nn‘me&: 3 22 2 % convention w1 e made in t Louls near future. The great success of 1% St Loullg:l::tn % ;’“ S B the last convention, using the steam- Savage Arma. . A 3% % ;8% er Midland for an extended bay and e W 1% n% 1% river trip, with entertainment at Soars Otors..... 4% 4% 4% 4% Norfolk, suggests a_ repetition, with Sones Rocbuck.... ;0% o1% Wl 9% Richmond. seat of the Fifth Federal neca Copper.... 18% 1s% 1s% 18% Reserve Bank, as the terminal of Shell Trad & Tran. 4% % &% 4% the outbound voyage. Sinclair Oil....... 2% 2% $4% 20% Definite Improvement Seen. Southern Pacific.. 8% %% %% 9% The Mechanics and Metals National ou Do TRc TR, 5 2% 22 Bank of New York admits that “defi- % |Gouthern Rallway. 2% 2% =% = nite signs of business revival-are be- %% % |gouthernRypf....5 5 6 6 ginning to appear. Stock market|Cuban-AmSugar.. 30 % 3 30 |St2ndOilofNJ... 19 19 139 15 prices are higher: the prices of great|Cuba Cane Sugar.. 13 :3 2% 22% | Stand OlINJIpf. .. 108% 108% 108% 108% agricultural staples have recovered L% 6 |Stewart-Warne 4% % W% U from their lowest levels of a few 6% B8% [recks ago: condition in money mar- 2% 8% 9 and textile mills. which had closed or DomeMines....... 1% 1% L% 12| 7 C308 Company “ o an e been inactive, are slowly resuming|Endicott-Johnson. 6% 1% 6% we Pacific... 0% 21% I0% 21% ese signs famscast revival; |Endicott-Johnpf.. 9% 96 % 95 |ICX8&PC&OIl. 5% 6% 3% 35 they do not mean that it is actually | E % uy | TobaccoProd..... 68 88 6% 6K R Washington trust o Ualon Faifr 1o e 1o n company head, nion N Just returned from New York city, st 165 | Union Pacific pe... e e Btates that: “New York is hopeful, 18 United Frut. .. 109 107% 108 but net until April does it 100k for the United Retail Strs. 0% 66% 6e% rovival of trade in earnest. This date o % | US Cast I Py seems to have been very generally | 1y 2 Cant I Fipe... 1% 1% adopted as the time for the real begin- X | 5 Food Frod, o ning of recovery, thoush why, I do % d Prod 6 2 not_ know. Bankers, retailers and . @y | U 8 Indus Alcol 6% 6k manufacturers all use it when refer- | Gen Mot 7% deb. U S Rubber 1st 103% 103% ring to business recovery.” Goodrich......... 0% U 8 Steel 2% 8% Gnnbyconnl..‘. % 2814 g::t&:;”- e uo:/t m1m Great Northern pf. 79 8% L - b6 B6% & Washington Stock Exchange. | Guit states Steer.. 2% % 3m% | Utah Securities... 9% % P Haskell & Barker. 9 Sei s soie | Yanaduimcory ot B i fah planston Megotype—5 at WX, § at T, 8 at S e tx : % & |vivadou.... e et e - Wabash.......... 8% 8K 8% 8K Mergenthaler Lino! % AT e 4 :“ Wabashpf A. N o W% 0% Capital, Traetion—3 af 84%. 10 at 843, 3 u% Wells-Fargo Exp. €% &% 6% 6% n' . 10 u:.q. AR % % WesternMd...... 10% 10% 10% 10% Gas Ligh - 1B 13 13 13 |WesternMd2d.... 18% 18% 184 18% Bid snd-Asked Prices % 6 16 e |WesternPacific... 26 2 25 26 | BONDS Intl Harvesterpf..10 110 110 gio | WesternUnfon.... 6% 6% a6% 8% Intl Motor Truck.. &% 864 4% m]Wulhonul.‘kl. s 6 6 6 e % 19 1% 15 White Motor. % » »% Ameriesn F] % e e | White Oil... 1K 154 8% 1% in To a 5 % Willys-Overland.. 1% 8% 7% 8% Am. Tel %6 % % Willys-Ovid pt. 37 3% 3 % Anscostia o " 7 1105 110%-110% 110% ‘Anscostia o » % 81 81 61 Capital Traet: u% 6 % High Low. Last. ity aad 5 oz" ax a au u?:nfl-“m" 853 11 2 1K 1% SALES OF STOCKS. Potomse Electrie Li g & 1% 12 1 uun....iufl 1Zm....... 258808 e e Lo e e LT R O et R S SELESEW S S 8T TODAY’S BOND PRI Washington swy. snd i, i e Wash. Ewy. and Elee. G. M. Gs. 001 Bodmond SHORT-TERM SECURITIES. COTTON MARKETS. -NEW YORK, January 29.—The co ton market opened firm at Al vance of 13 to 17 points on the provement in foreign exchange rates follewing reports that the allies had } it ] fifE I izfifi eeep ] 5 Edgee £ EEE Island and § g § H £ 3 : i x i td 4 L . r 8. Wilsen & Co. 1st @.. T FORKEIGN BONDS. Quetations furaished by W. B. Hidbe & Co. Closing agreed on the terms of the German | Berlin indemnity. There was some trade buying as well as covering and Wall street support. but the advance met considerable southern selling. Putures opened firm; 14 May, 14.97; July, 15.35; October, 15. December, 15.70 offered. —_— NEW YORK BANK STATEMENT. NEW YORK, January 29.—The actu- al condition of clearing house banks d_trust companies for the week sBows that they hold $8.875,150 re- serve in excess of legal requirements. ‘This is a decrease of $3,552,490 from last week. ——— DIVIDENDS DECLARED. Btock of Py le. Impertal Oil. mo, $1 .Jan. 31 Owens Bottle Co.. Mar. 16 Apr. =ottle Co © Vas Masite lst Van Rasite. 24 pf.. *Valesn nl;umfl; 3. Greater Berlin 48 Breme: Chemnits 4s. ‘. ‘price n 4ls.. 178 17 Krupp, Baa. AL M, Preuss . Bel 1144 Beigla B3asagsses sgeags = FF iy % LE! German gov. 3%s 14 Gorman gov. 4., 14 Gorman gov. l‘= Aniline ¢ Nord. L. . Ba.. SN 48 19 Baok 4s... 925 igian Rest. be. 72 L = Prem. 58 HUB EGG PRICES DROP. fresh BOSTON, January 29.—Further evi- dence of the mildness of the winter was reflected in the quotation of 90 cents a ers reported a gain of 200,000 cases of recelved last week over the egEDare in‘the market, eiEzs e :mlgagnnssic 4 & (Reported by Frazier & Co.) Consclidated Copper e Bid. Offer. | Creson jGos b eriean Tel. & Tel. 6 192.. 97 97% American Tel. & Tel. 6 1924.. 9% 96 K ‘American Thresd Co. g 1V35.. W5 96 | EIK Ba Tobaceo Co. T 1931, 1006 100% B3 R4 sl 87 P 100 100% "2 9613 . 97 5 %7 gy 2! wE pt 8" 84 i ® 4 ®y% % 12 0 8 16! 0% 9 ¥ o 1 o B i 6w 7 2 100% 100 4 1008 1 221 00% 101 1 98! 3 3 it 1 98" 9o 128 1 [ (1] 1 1 1921 8% 1 i T 1935, n}"; H now . & M. Do e 13 18 —_——— 8 g OIL sTOCKS. 2% Quotations furaished by W. B. Hibbe & Co. E Bid. Asked, . . Asglo-American 01} Co. T T 114 Ths Atlantic Refining Oo. 900" 1 5 5 Borne: ] 2 33 | Rytn Commoliadisd' L u® g o e 2 28 1% 135 | Salt Creek (new) 0 o (3 3 Bapuipa_com. 4% 4 % 47 Simms Petrol 8% 8 (3 97 Bkelly Ol 8 8 173 17 |Bwests Co. 3 . 2" 28 3 7 13 n % 18- 10 168 20 o4 o7 |Uall 294 28 288 Fal % 28 |U 1 40 400 1 194 109 1 370 380 8 10 11 718 U0 48 Bros, 26 P 70 ‘74 | Wayland Ol 2 Go. 30 805 |Wayae Coal . P A 701, 71 | West End Con: ey 1 Go. Kanaa 38" e | Wright Aero . £ ] 435 Kebrask D30 410 o i B2 | WHEAT QUTPUT LEADS. 45 53 ORK, January - 29,—Th, Line - 110 113 |United States again led the wong 13 3 ai'; 330 |wheat production for 1920, according & % lto the National Bank of Commerce. PARIS BOURSE IRREGULAR. PARIS, January 29.—Prices were irregular on the bourse today. Three per cent rentes, 68 francs 90 cen- :lmu: ’nxehlnxo on London, 55 'rancs 20 oen! B 55 Tranos 30 ceptimes 1Y aoriar a:-‘quotod at 14 francs 24% ocen- RAISES RECORD TOBACCO. DENVER, Pa, January 29.—Scott Gockley of West Cocalico township has just gelivered his tobacco crop of two and one-half acres to D. M. Hel- man of Litits, and established a rec- nr:. h‘men ‘were 16,000 plants set and the entire crop weighed 5,0 Dounds, being 1ittle more than thees stalks pound. The leaves ranged in length from twenty-four to forty inches. Gockley sold 40,552 pounds of wrappers, for which he received 25 cents a pound, and 517 pounds of 8t 7 centa, amouating to. a total B MARKET IS QUIET: PRCES NCHANGE Prospects of Agreement on Reparation Are Helpful Financially. BY STUART P. WEST. i NEW YORK, January 29 (Special).— The decidedly better outlook for an agreement at the Paris conference con- sidering the problem of German repara- tions was the principal consideration in the markets this morning. At the close of business yesterday it had looked Hke a break-off. The announcement over- night that a compromise plan had been drawn up which appeared to have every reasonable prospect of adoption came as a pleasant surprise. " Its principal effect was seen in the movement of franc exchange which h: broken sharply when a rupture of neg tiations was feared and which imme- diately at-the opening this morning had a violent recoil that carried the rate up a half cent_ Sterling by comparison ‘was only moderately affected. It ined |Grain, Produc J.0CAL WHOLESALE MARKET. Egge—Strict fresh, per dou., avetage Teceipts, 4 soutbern, 61 Live ltry—Roosters, per T, 20; turke ?‘am 50a53; chickens, Spring, per 1b, 36,38; hens, per Ib., 30; keats, "n-u itry—Fresh Xilled spring £ poull ;Mc!_-u. per Ib., lmohm'u. per Ib., Ib., 55860, ki P Pork—Dressed, small, per Ib., 14al; mediug, 16a15; heavy, 10818, Live stock—Calve 1b., 14a15; lambe, 10a12; sheep, 3a6) hogs, 10 Green fruits—Appies, per bbl, 3.00a 50 APl BT lemons, per box, 3.00a4.00. Pineapples, per crate, 6.00a8.00. California oranges, 3 per crate, 4.00a5.00. Florida oranges, per | bi crate, 4.0085. Vegetables—Potatoes, nearby, No. 1, per bbl, 2.2522.50; do., No. 2, 1.25a1.50; northern, per sack, 2.75a3.00; sweet po- tatoes, per bbl, No. 1, 4.00a5.00; No. 2, 1.50a2.00; yams, per bbl., 3.50a4.50. Let- tuce, Florida, per crate, 2.00a3.50. Cel- ery, per doz., 1.00a1.50; California celery, 1.00a1.50. Fiorida celery, 3.00a3.50. Ro- maine_lettuce, 1.25a2.00, Squash, per L, 2. .50. Cymblings, per crate, Florida, 4.00a4.50. Spinach, per bhl. 5.00a5.50. * Peppers, per basket, 3.00a4.60. Tomatoes, per box, 6.00a8.00. Onions, per sack, 1.65a1.75. Brussel per quart, 16a25." Cranberries, 18.00 per o480a5.00." Grapetrult, per crate. less than a cent in the opening advance | b and lost of this rise later. Frices maoved with frregularity. with a small volume of trading, with in- terest centering in special issues. Motor stocks were strong. in further response to the reports of resumption of manufacturing on a/larger scale. There was quite a demand for Mexican government bonds and rail- way stocks, apparently because of the concillatory attitude of the new gov- ernment toward American oil interests. ests. Discounted the News. Mexican Petroleum itself had dis- counted the Mexican news by its rapid upturn earlier in the week, but the strength in other Mexican issues re- flected the view that the outlook foripacked, 20. American recognition and an Ameri can loan had been a DAIRY MARKET. BALTIMORE, January 29 (Special). —Arrivals by .boat—Poultry—Young chickens, live, per 1b., 25a35; dressed, 35a37; old, 30a34; dressed, 33a35; old roosters, 20; dressed, 21a22. Ducks, 30a38; dressed, 35a40. Geese, 25a33; dressed, . 34a35. ° Turkeys, 40a50: dressed, 40a52. Pigeons, per pair, 40 a45. Guinea fowl, 40265. Capons, dressed, 40a50. Eggs—Loss off, strictly fresh, near- by, dozen, 60; southern, 58. Butter—Creamery, fancy, 1b., 52a63; prints, 52a54; nearby, 49a50; dairy prints. 23a24; rolls, 20a23; ladles, 30a 32: | process butter, 85a37; store considerably | CHICAGO LIVE STOCK MARKET. brightened by the willingness of theq CHICAGO, January 29 (United States ican authorities to adopt a more K‘:})nhle position in the oil question. ‘Denver and Rio Grande stock was in demand on the motion that something might come out of the suit brought to annul the sale to the Western Pacific. American Sumatra, American Linseed and the Can shares were ell in de- mand. On the other hand, profit taking made itself felt in the oils and in most of the rails. To Consider Dividends. The Studebaker directors are expect- ed to declare the regular quarterly dividend of $1.75 a share and to make public a very favorable report. The American Hide and Leather board, according to Wall street re- ports. may pass entirely the dividend on Hide and Leather preferred. or it may decide to pay it in script. At any rate the company is expected to make a very sorry showing for the last quarter of 1920 and in some quar- ters it is the belief that a deficit of over $3,000:000 will be reported. Ford Finaneing. fihi There is beginning to be a belief in Wall street that the Ford Motor Com- pany is not as badly In need of funds as the country has been led to think, and that the denial made from Detroit as to the contemplated financing {s closer to the truth than other staries that he was scouring the -financial markets looking for funds. In certain Wall street quarters it is felt that bankers thinking that the Ford Motor Company needed financial assistance have been trying to get in on the ground floor by seeking the ‘business rather than waiting for it to come to them. This would show good salesmanship on the part of the banks. The fact that the Ford com- pany will reopen on part time in its largest plant next week is considered to be a most favorable development in the motor industry. —_— CURB STOCKS. Quotations furnisked by/ W. B. Hibbe & Co. bureau of ‘markets). — Cattle— Re- ceipts, 500 head; compared with a week ago, beef steers fully 25 to 50 lowar; some good cattle off more; good and choice fat cows and heifers, 26 to 50 lower; cows selling below 5.00, mostly steady; fat and bologna bulls, 25 lower; veal calves mostly 50 higher; choice shipping grades gain- ing more; stockers and feeder steers, 25 to 50 lower. Hogs—Receipts, 5,000 head; mostly 10 to 15 higher than yesterday's av- erage; Spots more; closing strong; top, 10.35 for 160 to 170 pound aver- age; bulk of 200 pounds and down, 10.00210.25; bulk, 220 pounds and up, 9.50a9.80. Sheep—Receipts, 10,000 head; com- pared with week ago: handyweight feeder lambs, 25 to 50 lower; heavies, 50 to 75 lower; yearlings and matured sheep, 50 to 1.00 lower; feeding lambs, 25 lower. PRICES DROP STEADILY IN MARKET THIS WEEK NEW YORK, January 29.—Trading dwindled almost steadily in the stock market this week, the only actiyity being in issues of the more.specula- tive character under pool or profes- sional control. . Oils furnished a preponderance of the dealings, espeeially-the Mexican division, although the movement was largely regulated by further re- ductions in prices of raw and refined products. Steels, railway equipments and the various shares which are governed by the course of industrial conditions were not especially responsive to the financial statements issued by the United States Steel and Bethlehem corporations. optimistic views of the executives of those compa- nies were attended by a moderate revival of activity at mill eenu‘l but increased consumption seems to +ea. | be_ waiting on lower price schedules. Columbia_Syndicate ‘Wheat produced last year amoun to 787,000,000 bushels, or 100,3:0.3;% bushels more than the pre-war aves- age and twice as much as was, rais by any other country for whlg statistics are available. The aggre: gate output of these countries de- clined 71,500,000 bushels below pre- war averages, while at the same time this country's crop was nearly 150,- 000,000 bushels less than .the 191! record. TRADE FEELING TURNS. CLEVELAND, ' January . 28.—Thé turn of the year has witnessed a de- cided change in_business sentiment, reports to the Fourth Federal Re- serve Bank being almost a unit in de- claring that signs point to impro ment, according to the bank’s Jany- ary business review. Some of the more optimistic profess to see a dis- tinct revival soon. A - The review says the “dull peried was brought about by the working of inexorable natural laws, and that Wwhen business becomes active again it wlllb:;.upnn & more sound ang offer a much bettes | the and hope for a lasting prosperity, the railroad financ! Conditions in the investment mar- ket show visible improvement, as evidenced by the speelly sale of such important” ~underwritings as - the Pennsylvania ad bond offering, the Belgian loan and the more mod- erate issues of industrial companies and domestic municipalities. Interest in -the foreign exchange ul‘furgflflmhun" (ltl:l i strength of 5] remittances, which rose to their highest quota- tions in over half a year. There were concurrent advances in rates to com- tinental Europe, the advance, cording to popular report, bearing close relation - to the approaching meeting of the reparations commis- sion. SAYS LONDON DEFLATION POLICY IS IMPRACTICABLE LONDON, January 29. — Reginald McKenns, former financial secretary of the treasury, presiding et & gen- eral meeting of the London Joint City and Midland Bank, Ltd., of which he is director and chairman, said the government’s proposed deflation pol- icy, involving dear money and rigid restriction of credit, was lmpracti- only by a reduction of power, which would necessitate & de- crease in the amount of the great war loans outstanding. Curtailment of ‘war loans, in t‘urn. woul? bt‘t‘l::“fln. gent upon paying a part of the na- tional debt. 'hix payment, he adde could nat be made by additional tax: ‘Any+ attempt at deflation of this kind,” he says, “would only end in the strangulation of business and in widespread unemployment. Any pre- mature attempt at monetary deflation by methods that do not touch the causes which produced inflation must lead to disaster.” MIDWEST RAIL HOLDINGS | OF J. R. WALSH ACQUIRED CHICAGO, January 29.—The sale of . one railroad and the lease of another ‘which practically amounts to eventual both of them being parts of projects of the t? John R. Walsh, ere announced 'e. Banks of the Chicago Clearing House Association took over the roads when they took over Walsh's asse The Illinois Southern railroad, ru: ning from” Salem, Iil, to Bismarck, ‘Mo., was sold ta representatives of a new company, which is to be financed by shippers. along the line. The largest interests, it is sald, are lead producers around. Bismarck. The road has not been operated for about fif- teen months, but will be put in opera. tion as soon as it can be rehabilitated. The other road, the Chicago, Terre Haute and Southeastern, goes to th Chicago, Milwaukee and 8t. Paul rail- road, stockholders of the former road 3-. ng approved its lesse for 999 ears. OUTLOOK FOR WHEAT. CHICAGO, January 29.-—According to the Modern Miller, “winter wheat in the southwest has n_ favored by good rains, the moisture being urgently need- ed in some localities. Condition of crops there is flcrflly good. - Lack of snow not been harmful, as tem- peratures were mild. Warm weather created some féar of abnormal i t infestation. Reports from states eas| BUSY ON HIS BIRTHDAY. BALTIMORE, - January 29.—Dan! ‘Willard, president of rl’ha Blltlmo':: Iroad, 8 sixtiet! ‘u‘i‘&fuy‘" yoators Qui sterday. te & R e ), but, pe: y, he L Bjte] attention fo the nnlnnm?'un&ln; . - busily.‘engrossed " rails California | cabbage, bushel, 7621.00. Spinach, bu., s _sprouts, | city mills flour was announced today. { Oats—No. 2 white, 48 per bushel; nd Live Stock GRAIN AND PROVISIONS. BALTIMORE, January 29 (Special). —Potatoes white, No. 1, per 100 ibs., 1.40a1.60; cobblers, 1.40a1.60; McCor- micks, 1.15a1.35; No, 3, 50a75; sweets, er bbl, 3.00a4.50; yams, 4.00a4.50; 0. 8, both, 2.00a2.50. Beans, green, pearl and wax, 3.00a5.00. Beets, crate, 2.00a2.25, Cabbage, per ton, 10.00a15.00. Cauli- flo' crate, 2.25a2.50. Celery, per crate, 2.50a3.25. Cucumbers, box, 7.00 a8.00. ~ Eggplants, crate, 5.00a7.00. Kale, bbl., 1.26a1.50. Lettuce, bask 2.50a3.50. Onions, per 100 1bs, 1.0 1.25. Oyster plants, bunch, 7a8. Pars- nips, bu., 1.25. Peppe. crate, 4.00a 5.00. Radishes, per bunch, 4a5. Savoy 1.00. Squash, crate, 3.50a4.00. Tomatoes, crate, 2.00a6.50. Turnips, u., 1.00a1.25. Apples, barrel. 3.00a : Nov 2, 2.50a3.50; box apples, 2.00 50; loose. per 100 lbs., 1.50al.65 Oranges, box, 3.00a4.00. Grapefruit, 3.50a5.00. Tangerines, strap, 6.00a7. Cranberries, bbl, 14.00a15.00. Straw. berries, qt., 60. 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, 1.76% per bushel; January, 1.76%; Febru- ary, 1.76%; March, 1.78. Wheat sales—None. A reduction of 25c per barrel on all 6. a: Corn—Cob, new, yellow, 3.90a4.00 per bbl, in car lots; contract corn, spot, 75% per bushel; January corn, 75% ; February corn, 75%; track corn, yellow, No, 2 or better, 81 per bushel; nominal. Corn sales—None. No. 3, 47 per bushel. Rye—Bag lots of nearby rye, as to qQuality, 1.60 per bushel; No. 2 western | export, spot, 1.72 per Sush Hay—No. 1 timothy nomi ard ~ timothy, _26.00a26.50 timothy, 25.00a25.50; 20.00223.00; No. 1 light clover mixed, 25.00a25.50; No. 2 light clover, mixed. 23.00223.50 a24.50; No. 2 clover, mixed, 20.00a 23.00; No. 1 clover, 26.00a27.00; No. 2 ;{)o::r. 21.00223.00; sample hay, 16.00a Straw—No. 1, nominal; No. 2 straight rye, nominal; No. 1 tangled rye, 17.00; No. 2 tangled rye, 16.00; No. 1 wheat, 13.00a13.50; No. 2 wheat, 12.00a12.50; No. 1 oat (nominal), 18.00a18.50; No. 2 oat, 16.00a17.00. LIBERTYS EASIER: stana- | =4 No. 3 timothy, | No. 1 clover, mixed, 24.00 ! FINANCTAL FAILURES ARE LESS. NEW YORK, January 20.—A decline of nearly 100 was recorded in commer- clal failures this week, according_to Dun's Review, the total being 38t against 485 in the preceding 3 the latter the total number of fallures was 514. The same down trend was no- ticeable in Canadlan fallures, which were 46, against 71 a week ago. Of the total failures in this country, 113 were in the east, 136 in the south, 114 in the west and 23 in the Pacific states. TO SEND GOLD HERE. MONTEVIDEO, Jan 29.—The gov- ernment has authoris three_ _local banks to export gold to the United States in sums totaling $360,600, it is announced here. The action 1s expected to relieve to some degree the exchange situation 3 " FOR SALE $30,000 Preferred Stock, to settle an estate | * rpervision. Pays 1% per der Md. Baukin, Nl ‘ s 3. B. Parsons BME glli'xlm Or“BANK | el 3 | W. Gubert Deat 7 = - St X 7. Fraak Dent on real estate Prevailing rate of interest H. L. Rust 912 15th St. N.W. v e o o ememen gt W No Intangible Tax. No Penalty on Small Balances. . 49 Interest on Savings Accounts. 50 Cents Opems an Accouat. A brokerage house, members of New York Stock Exchange, are in need of the services of n high-grade customers man: resident of Washington: preference wili be given to the spplicant having thor- h knowledge of the business. applications will be regarded strict confidence. Address Box 283-D, Star office. PAYING THE PIPER That those who dance may pay the piper was the somewhat cryp- tie New Year's wish of a well known public man. Paying the piper has been no smali item in the last several months with those who followed the tempting course of speculative | investment. Readjustment took | Beavy toll on speculations. No period ever more effectively the firm and en- ! during characteris investments i Mortgage Notes on improved Wash- 1 ington real estate. The recent period of curtailed ~ valuations brought no depression to the values of these notes. Irrespective of [ maoney and market conditions, thelr { - interest payment is unvarying. 11 SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. Washington, D. C. THE NATION’S HOME TOWN. F I ! OTHERS ARE FIRM Heavy Trading in Belgian 8s. Pennsylvania 7s Steady. M., K. & T. 4s Active. NEW YORK, January 29.—Liberty bonds, the advance 4in which was checked the early part of the week, continued their reaction this morning. ‘The fourth 4%s dropped to 87, where they were down a point .and a half from their recent high. The third 4%s eased off below the 90 level. On the other hand, the victory 4%s, which have been moving counter to the other issues, were slightly higher on the day. GRAIN MARKET FEATURED BY UNUSUAL STABILITY CHICAGO, January 29.—Unusual stability has been shown in the wheat market this week, the success of the $30,000,000 Belgian loan helping to counterbalance adverse conditions elsewhere. Compared with a week ago, wheat this morning ranged from 1% cents decline to 11 cents ad- vance, corn varied from % cents off to % cents up, oats were unchanged to % cents lower and provisions showed 75 cents loss to 15 cents gain. Simultaneous with the oversubscrip- tion of the Belgian loan, considerable mnotice was taken of a statement from the Department of Agriculture at ‘Washington suggesting that import: ing countries needed 280,000,000 bush- els of wheat and rye in excess of the :nlrplul available in exporting coun- ries. The alllfed supreme council’s rejec- tion of pleas that Austria be given financial assistance was a bearish in- fluence later, and so, to0o, was gossip that 75,000,000 bushels might be ex- ported fom Argentina without en- countering a surtax. During the re- mainder of the week, however, the market merely seesawed, with the attention of traders devoted in the main to conflicting theories regarding the probable carry-over in the four chief exporting countries and to uncertainty about the proper way to interpret the United States govern- ment figures on the present domes- tic supply of wheat. Corn and oats were steadied by wheat, but at one time touched the lowest prices yet this season, owing to liberal receipts of corn and to big stocks of oats. Pork was neglected, and underwent a material setback in price. Lard and ribs, however, were in fair de- mand and showed some power to rally from declines. —_— BAR SILVER QUOTATIONS. NEW YORK, January 29.—Bar =il- ver, domestic, 99%; foreign, 62%: Mexican dollars, 48. . LONDON, January 29.—Bar silver, 36%d per ounce. Money, 3% per cent. Discount rates—Short bills, 63%a6% per cent; three months' bills, 6%a 611-16 per cent. — MONEY AND EXCHANGE. NEW YORK, January 29.— Prime mercantile paper, 7%a8. Exchange firm; sterling 60-day bills, 3.81%; commercial 60-day bills on banks, 8.81%; _commercial 60-day _bills, 3.80%; demeand, 3.85%; cables, 3.86%. Francs, demand, 7.18; cables, 7.20. Belgian francs, demand, 7.51: cables, 7.53. Guilders, demand, 38.97; cables, 34.07. Lire, demand, 3.73; cables, 3.74. Marks, demand, 1.74; cables, 1.75. Montreal, 10% per cent discount. Gov- ernment bonds easy; railroad bgnds steady. TRADE CONDITIONS. NEW YORK, January 29.—Dun’s re- view of trade Bays: “The trend toward better busine: continues slow and irregular. As se timent strengthens there is a gradu- ally increasing inclination to under- take conservative commitments for the future, and new buying is most evident in these lines where prices seem to be aporoaching a point of stabilisation.. While the latter condi- tion as yet prevails in comparatively few {instances, the preponderance of declines in wholesale quotations is less pronounced than recently, and signs are not lacking that the defla- tion has about run its course in cer- tain markets. “A demand for goods that is based on actual requirements has lately de- veloped in some trades in different sectjons of the country, particularly in textile branches in the east, and the prospects for further gains and their maintenance are the more favor- able because speculative excesses are absent.” A. & P. 1920 SALES BIG. NEW YORK, January 29.—The sales of the Great Atlantic and Pacific Tea Company for the first ten months of 1920 aggregated $205,931,875, against $168,965,169 in the corresponding 1919 period, an increase of- $46,966,705, ac- cording to figures made public here. —e Germany exported 416 commercial motor vehicles to Great Britain in one month recently. Growth in the import trade in auto.accessories and “autos 18 reported to be due to pur- from Germany. 5 Money to Loan Secured First Deed of Trust on Real Estata, Trevalling interest and commisten. Joseph I Wellersiy "onud ¥ aw EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION 41st YEAR COMPLETED Assets ... $4,272,068.87 Surplus .... $1,003,322.80 Save If You Would Succeed —Thousands who bave a this systematic saving plan of the Equitable bave saved most substantial sums. Subsecriptions 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, Presideat FRANK P. REESIDE, Secy. still in you that spirit of thrift down and talk it over with us. ment. Cashler *l demonstrated | istics of stabilized il such as our First i Interest on Your Savings' Compounded Twice a Year - To become successful one must be thrifty. Success means effort and oftentimes sacrifice, but success is the highest ideal of one’s ambition. Systematfc Saving through this Association will in- road to success. One dollar will start your account. Come Columbia Building Association Open Saturday 5:30 P.M. to 8 PM. Foreign Exchange The Average Investor Likes to see his mecurity. The first _mortgage is about the enly invest- ment om the market which presents to the investor a con- crete picture of what is be- hind It. Our First Mortgage Notes are secured b W proved real esta Citizens of the strict for HOMES. Let us show you the sccurity behind this, the safest of all investments—the invest- ment for those who camnot af- ford to los » pu D1 ‘Write for Descriptive Booklet K and List William S. Phillips 1409 New York Ave. NW. |. Real Estate Investments 4 i EN I!V%GS BANSK —has ever established a record ° for safety that can compare. ‘with that of " First Mortgage Notes ‘We loan on good improved Washington real estate, and have on hand notes of $250.00 up to $5,000.00 bearing 7% interest. CHAS. D. SAGER 923 Fifteenth St. N.W. Loan Department Main 36 which will start you on the Lincoln Haiv: I go for all sharing the privileges of the government whe assist in bearing its burdens, consequently, I go for admitting a1l to the right of suffrage who pay taXxes or beat arms. 4 GROWTH ! We could not have -attained this” growth without making friends—and, keeping them, - o Growth is the barometer of develop-' N 3 ) 4 Sabings Qccounts - : 39/, Interest Our Savings Department Depositors are req:uud to have January Ist interest Books. q Commercial ecounts - Monthly Statements Rendere®™ At Lowest Rates Resources, $5,587,505.90 ; Lincoln National Wank - - « One of the Oldest and Best Known 4