Evening Star Newspaper, January 30, 1921, Page 28

"NEB# BY STUART P. WEST. Special Dispatch to The Star. the rising’ tendency in the bond mar- | ket has been che for time mon, exchanges have been the scene of the budget really important developments. i The remarkable recovery in sterling. | that covering a range of 45 pound from the low of e ber, is the causes, the is & subject of that the hope of of the ress YORK, January 29 that ked by higher rates | and that the foreign ing o ents _in the rly Decem- result of a_combination of relative weight of which spute. Some_think by the foreign it 415 SEVENTH ST., BETWEEN D AND E FINAN has been the prime factor; others lay .—Summa-'| tions prevailing hére as heiping_to i this week’s happenings in the |raise the value of the sovereign. But financial situation. it may be said that the stock market has given a better | counte. account of itself than the general run | main of Wall street opinion expected; that | the more rea while v reflects the grea in the relation of British { imports. which ed in the closing months of last year. For the first | ports were so increased and brought so well up to the volu the difference—w { with some $1.000.000.000 to the good dits arising id from ocean freight charges. This auite enough to account for the ad- CIATL. THE SUNDAY STAR, JANUKEY 30, T92T_PART T FINANCIAL was over. different. There Urgent—Action enormous deficit land has not. German_reparations question the early part upon the easier money condi- rgree would upon a p enable once making demnity. There tion in the fear of a and nable explanation is these two things have the improvement in sterling imporvement rts and hit vas especi of francs t sterling _showed tance the ness. time since the begin- f the war the British trade for 1920 showed a surplus. Ex- of imports S aa Business § Taking the so-called invisible credits; that | large the latest from interest on securites and foreign loans ! [ the et France it the German reparations mon. vide for this defic.t, estimated now at 30,000,000.000 francs. French’ exchange of more than a cent between the middle of last week and was founded upon the assumption that the conference of premiers in Paris would that start at in- sharp reac- days when the the conference reac- in the case of fmpor- in Germany payments the fact s much more extens: of the indemnity two markets with entire clear- vance in_ sterling exchange regardless of any other causes. sures that the movement will be la~ ing, unlike the recovery in the ea {part of 1920, which was based uj aivancmg Trend on Bonds Has Been 2Checked, But Demand Is E (in Exchange Markets Is Encouraging. | gold_exports and disappeared as sc as the transfer of gold to America French Exchange Problem. With French exchange the case is of a change for the better in the foreign trade position of France than in that of England, while has been 1 France to me: rel, of this week of action to on plan the W fe in s that th in the relative han the question till Hesitates. business situation developments have been somewhat conflicting, but noth- ing has occurred to in any way weak- | : en the view that the turn came at|that bond prices for the most part of the year and that THE MAXWELL FURNITURE CO NEW PRICES On New Merchandise of Every Kind Our entire stock at bona fide discounts—25 to 50 per cent off of former prices—which will create a profound sensation in the furniture world. Our buyers are back from the market and all is set for the busiest Spring season ever recorded. Now that prices have reached their lowest level, come tomorrow for things you have been waiting to buy—a wonderful array of prices awaits you. CASH OR CREDIT. It’s Easy to Pay—Maxwell’s Way. ik oA I 5-quart Tea Kettles, th lid in pure white enamel. and contains three coats of enamel on a heavy steel base, Ab- solutely guaranteed first quality. A saving of fully $80.00 on this l/arge suite. Dav- $350 Loose-Cashion Overstuffed Library S $ patterns to select trom enport is 6 9x12 Tiger Rugs, new designs and 8x12 Brussels Rugs in beautiful floral and oriental pat- terns ! ______ " $59.75 § of Velvet and Axminster 9.75 Lot Rugs reduced to . Large Colonial Baffets, $26.50 Colonial Buffets in Golden Oak fin- ishes will be sold tomorrow at eco- mical The one pictured ve is our leading special. Don't itate. They will be sold quickly. Only $1.00 a Week. for! foot, 6 inches long. Deep spring seat and back and loose cushions. Upholstered in finest grades of tapestry. Your Choice of Either Toilet Table or Chiffonier Bed, It's Easy to Pay Maxwell's Wi PN N X ."' S yaVas-aill '5‘: e ————E Duofold enables the residents of this crowded city ‘to live tably in snmll houses or apartments. It provides ¥ 269 " A Marvelous Example of New Prices 3-Piece American Walnut Bedroom Suites Just a few of these magnificent Adam-design Suites will be placed’ on sale tomorrow morning at this remarkable new price and those who see them cannot help taking advantage of this wonderful opportunity to refurnish their bedreom. Each suite consists of a handsome Double Dressew, and your choice of Toilet Table with drawer and triple mirror or a seven-drawer Chif- fonter with a plate glass mirror, Only. large' spacious $149.50 This 3-Pc. Duofold Suite Will Solve Your Housing Problem, $89.50 additional sleep- ing accommodations for members of the family or guests. Large Golden Oak Table, $19.75 Colontal style in solid oak, fin- ished in long-wearing golden color, top extends to full length and has extra leaves; handsomely designed as picture. Omnly $1.00 Week, ble shelves. Only $1.00 a We ‘arnished Complete $124.50 54-! 54-inch 6-foot Extension including host chair. TERMS$—$6.00 Monthly. A Marvelous Example of New Prices In Dining Room Furniture Nine-piece American Walnut in popular Queen Anne period, like icture, consisting of 48-inch, 6-foot Extension T: uffet, with plate glass mirror; 6 genuine leather seated Chairs, onea Host Chair; also a square China Closet to match. price for complete set... Nine-pleee Jacobean-finish Suite, consistin, inch 6-foot Extension Table. square China Cabinet; 6 genuine leather seated Chairs to match. New price for the complete set Nine-piece Genuine Mahogany, Queen Anne E lass mirror; square China Closet to match inch Buffet, with plate ‘able, 6 genuine leather DI New price for this handsome s It’s Easy to Pay Maxwell's Way. eriod, consisting of ble, large 48-inch ~or $298.00 » of 48-inch Buffet, 48- ners, et. . $325.00 AXV/EL FURNITURE €0. 215 SEVENTH STREET N.W. BETWEEN D AND .E BTS. Moreover, it as has_an . where Eng- The upturn in at it uite, at Wonder value at the new low price while they last. was a lasting turn. Cutting of oil 'rices is no matter of surprise be- use until now the oil trade was one conspicuous exception in the cess of readjustment. Wage reductions are still the order of the day, but as wages are cut mills long ‘idle are resuming. The lower prices in the steel industry, which failed to stimulate business during the first fortnight of January. have at length begun to tell, and the account of conditions in steel given in the weekly reviews in the trade journals was the most encouraging in_a long while. While the steel companies will have B poor first quarter and quite likely a slim second quarter for the current vear. the 1920 reports of the Steel Cor- poration and the Bethlehem Steel have shown what an enormous re- serve there is to draw upon to make up a temporary deficit, and it is the average of years, rather than of monhts. which is the proper criterion for the value of steel stocks Another thing which hax he stock market is the some of the anuual have been published, or there is a pretty good foreknowledg that the slump of last autumn was by no means general, and that numerous companies got through with resuits for the twelve-month period ne Among these are to he included s of the steels, most of the oils, the concerns, the uit manutaciu the makers of pipe and the toba Bond Mevement of Week. A week ago the statement was made eemed to have reached the present For Monday Only Six Tablespoons and 6 Teaspoons on special for Monday only; _electric- plaied; just the thing for ¢very day use. 9 Set of 12. 2 (7 Fine Library Tables Queen Anne style, as pictured, with irawer in front, in mahogany finish. Only with continuous post; mattress is soft top tufted beauty, and the pring Is made entirely of steel. Really, the bed alone is worth the price of this entire outfit. Kitchen Cabinet All Kitchen Cabinets way down in price. A small payment down puts the Napanee in your kitchen and $1.00 a week will pay for it. We will ladly show you ail of its advan- ages. See our special sliding metal- topped cabinet. New price .. iy SLOO n We-" Sanitary Bed Couch A full size, comfortable bed when extended and a splendid, handy divan when ¢l Strong steel frame, with link fabric ‘They'll go fast at this new price, 8o hurry. Only...... spring. Three Rooms Furnished Complete $198.50 limit of their advance, and would not resume the upward movement until money rates had come further down. This expectation has been fully borne out by the course of the bond market in the last six business days. There is no let-up in the investment demand, especially for new issues of high rank put out on very attractive terms. Not in all the last nine months with their immense and continuous output of new securities has there been a more eager subscription than met this week the offerings of the new Belgian loan, the American Agri- cultural “Chemical flotation and the new Pennsylvania bond issue. But bonds of this sort are belng promptly snapped up because their return of 6l to 8 per cent compares favorably with the 7 per cent time money rate and the 7% per cent rate on_commercial paper. Where bonds have got up to a &% or a 2> per cent basis they are plen.y high enough until the rates of money interest are lowered. Action in Money. The return of the time money market level of 7 per cent against 63 dur- the (wo previous wecks Is a furthar reflection of what was seen last week in call money, namely, the withdrawal of interior bank funds for use at home be- cause Wall street was placing its bids too low. The money situation as It now looks will await the initiative of the Federal Reserve Board. When the cen- tral authority decides that commercial liquidation, as evidenced in the reduc- tion of bank loans and note currency, has gone far enough to warrant it will lower its officlal schedule of discounts. Until this happens it is unlikely that outside rates will ba dropped off. As a rule professional sentiment has been either skeptical of the stock market or openly bearish and it has been quite s wrong this week as it has been ever since the middle of December. The market has back of it now the assur- {ance of an abundant money supply for the first time since the summer of 1919. This is something which the trading ¢lement have underrated. Moreover, they have not appreciated the fact that no “market ever waits for a_forward { movement in trade to start before acting. B All it wants to know is that the worst of the business depression is over and that recovery is not far away. It be- lieves that it can feel reasonably sure of this position and the events of the last week have in the balance contribut- ed to the feeling of confidence. (Copyright, 1921, by 8. P. West.) TOBACCO MARKET QUIET. Receipts in Future Expected to Be Exclusively 1920 Crop. BALTIMORE, January 29 (Special). —With leaf tobacco. recelpia: ot 61 hogsheads and sales of 21 hogsheads the market rules very quiet and in- active this week. In view of the fact that receipts from now on will be most exclusively of the new 1920 crop, quotations have been revised to apply. The revised figures are very much lower than the old prices. Quo- tations today for Maryland tobacco per 100 pounds: Inferior and frosted, firm leaf, 3.00 to 5.00; sound common and greenish, 6.00 to 10.00; good common, 11.00 to 17.00; medium, 18.00 to 27.00; good to fine red, 28.00 to 40.00; fancy, 40.00; seconds, common to medium, 5.00 to 17.00; seconds, good to fine, 18.00 to 30.00 upper country, air cured, nom- inal; ground leaves (new), 2.00 to 23.00. Unsound and badly mixed packages {from 1 to 3 cents per pound lower. {Stock in warehouses today: Maryiand, 16,672 hogsheads; Ohio, 4,539 hogs- heads, making a total of 21,211 hogs- heads. Ground leaves to date, 944 hogsheads. —_— GRAIN AND PROVISIONS. CHICAGO, January 29. — Coarse | &rains sold at a new low figure on the crop today as the result of de- pressing economic and financial re- ports. The failure of an Argentine bank, combined with a failure in Washington and the general condi- tion of business, was the main in- fluence .in making the lower range. | The sentiment was very bearish, and with “a lack of support the break easily was attained. At the finish wheat was off 2% to 3%, with March 1.62% to 1.63, and May 1.50% to 1.50%. Corn was 1% to 1% lower, and oats declined % to %. January pork closed 77% higher, while all other provisions ranged from 123 to 221 down. Wheat was off around 4 at the low‘ point as compared with yester- day’s finish, with numerous sharp rallies. There was some buying power in evidence, but on the break more or less profit-taking by shorts de- veloped. The government’s report on wheat stocks, as of January 1, con- tinues to puzzle the trade. Statis- ticians so far have been unable to present anything definite as to the percentage of error. One estimate showed 104,000,000 bushels had dropped completely out of sight. If this condition prevails now the amount is smaller than the apparent error last year based on percentage. :‘E‘)E;or:‘demn.n;! continued siow, with entine grain quote under the domestic. - 2t & discount Coarse grains were weak, and de- clined readily to a new low on the crop. While reports indicated that the movement of coarse grains was to let up, as indicated by a decreased call for cars, arrivals at terminals I:ilem;:;ll r::r;!p!arat}:vely large, with eipts the largest of the season, == "cck the | Provisions were easier with grains, an advance in hogs. NEW YORK, January 29.—Bucks wheat—Easy; milling, 2.45 nog‘il::(l. Wheat—Spot, easler: No, 2 hard 1.89% cif. track New York January. and No. 2, mi SudiNoR xed durum, 1.84% c.if. Corn—Spot, heavy; 83%, and No. 2 mixed York ten-day shipment. % C1T- New afif;&tl—spfl!, easy; No. 1 white, 541 Lard—Easy; mid Jdar y dle west, Other articles unchanged. s g o H COTTONSEED OIL DULL. NEW YORK, January 29.—Cotton- seed oil was dull, with the undertone easy, reflecting heaviness in hog products and grain and for want of spot demand. Closing bids were 1 to 7 points net lower. Sales, 2,800 barrels. . Prime crude, 6.156.25; prime | Summer yellow spot, 8.25a9.0 March, {8.50; May, 8.95, and July, 9.2, all bid. _— NEW YORK BOND LIST. No. 2 yellow, 13.50a American Nmelnns n ni { American Tel. and Tel. cv. 6s. Yo Chill Copy Colorado and Southern ref. 4%s. . Denver and Rio Grande consol. 4 Dominion of Canada bs (1931 Erle gen. 4s. General Electric bs. Great Northern 1st 43 Tilinois Central ref. Norfolk and Western cv. 6s. Northern Pacific 4s. LEEE] FEF i Southern Pacific cv. Southern Railway Bs. Southern Railway ger ! Texas and Pacific 1 Union Pactfic & HEETTEY ] R i : RANGE OF MARKET AVERAGES. ‘The follo: i covered is the past month, up to an { Friday, January 28. activity of the market. DEC. JA 3031 34 56 7.8 101 19 sentative stocks dealt in on the New NUARY 131415 17 1819 ving chart shows graphically the action of forty repre- York Stock Exchange. The period d including the close of the market The lower section of the chart indicates the relative High 1919, .119.62, November 3.* ......... 9113, May 26. Low 1919, 79.15, February 8. 73.63, December 12. Industrials Rails .... Twenty Industrial Com: Am Can Am Sugar Central (Copyright, 1921, by W. F. Meyer.) SIYVHS NONI| High 1920 Industrials ...109.88, January 3. Rails . 85.37, November 3. Low 1920 66.75, December 21. 67.83, February 11. Industrials . Rails ... mon Stocks Used Are: Leather Rep Iron & Steel T S Steel U Am Car & Fdry Am Tel & Tel Corn Products Studebaker tah Copper Am Locomotive Anaconda Gen Electric Texas Company ~ Westinghouse Am Smelting Baldwin Loco Goodrich U S Rubber Western Union DEMAND FOR STEEL 15 BELOW NORMAL Orders for Smail Lots to Meet Immediate Needs—Cop- per Dull, Easy. NEW YORK, January 29.—Som the independent steel companies h.«l: been getting a littls more business this week, suggesting improvement in general conditions, but on the whole demand continues far below normal and at best orders are for small lots to fill immediate needs. Although mainly even with the Steel Corpora- tion levels, some independents have shaded prices to attract more busi- The demand for pig fron cant spotted and lmgnl':: hlrmflh:ig ders in some quarters hold out hopes of increased production, but in other directions furnaces are still being closed and the market generally is quiet and easy. Copper Exports Cease. Conper has been dull and easy. Not- withstanding farther exchange rates, export demand has almost entirely disappeared and the London weakness has been an unsettling factor here. Domestic demand is light and some producers show a willingness to book small orders at 12% cents for spot and prompt deltvery. Those holding for 13 cents report no business. Some of the larger domestic consumers are said to have enough metal on hand or under contract to supply needs for another month or two. A movement is reported among producing inter- ests to compel dealers to deposit margins of at least a cent a pound on all contracts for future delivery as a precaution against cancellations. Review of Other Metals. Twenty Rallrond Common Stocks Used Are: 5 Lead, dull. Stocks remain light and Atehison © M & St Panl K C Southern Northern Pacific Reading v'; strong hands, gut buyers are Baltimore & Ohio Del & Hudson Lehigh Valley New Haven Southern Pacifie scarce. Canadian Pacific Eri Touis & Nash Norfolk & Western Southern Rwy Tin sustained a sharp midweek Tilinols Ceatral Pennsylvania . Union Pacific Daily Movement of Averages: Industrials. Rails. . 70.03 75.56 Ches & Ohio NY Central drop. but later rallied on improve- ment in London and in sterling ex- change. Further easing of zinc prices has failed to inspire new buying, as con- sumers have ample supplies on hand Industrials. Rails. 17, Monday . .21 76.71 18, Tuesday. January January December 30, Thursday December 31, Friday January 3, Monday Janusry 19, Wednesday. or engaged for a consid bl iod Inmary 4 Tyewday January 22| ahead. Production is being held dowa f bt & Thorss, to a minimum. Jrlnluu'z & FH:,P:'IJ Antimony is without improvement January 8, Saturday either in price or demand, with stocks i:::::i; fi, ™ et large and spot goods a shade easier. January 12 0| January 28, Fridey . s Tinuary 18, Trawsd FRUITS BY WATER ROUTE. January 15, 71.58 ——— LIBERTY BONDS AT A GLANCE. |“anon, wecesos s smors” . timore, Watched With Interest. - 919, - 1920, Maturity . Close BALTIMORE, January 29 i High. Low. High. Low. date. ~ Yesterday. Yield. " il Y 29 (Special). Liberty 3%s .. 10100 9820 10040 8930 61547 9200 395 |other foutt wram Ee%, Jlemons and Liberty 1st 4s.. 9250 9348 8300 6-15-47 8770 4.83|more in the past by rail shipments Liberty 2d 4s 9100 9290 8140 11-15-42 #8710 525|only, Will be brought here by water. Liberty 1st 4%4s. 9280 9400 8400 6-15-47 8732 513|if & trial shipment now being made Ciberty 2d 4%s OLlz 0284 8110 111542 8660 529|BEaves, Successful Two thousand Liberty 3d 4%4s. .. 9150 9500 8560 O-1528 8990 591|en route toinia eroAn,Ars oW Liberty 4th 4%s. 9100 9300 8200 10-15-38 .87.00 540 |steamer Charles R. Cramp, of the Victory 3%s .... 0380 99.40 9460 52023 97.34 496|Atlantic, Gulf and Pacific Steamship ity e F sk Sl 598 | Company. the vessel which broke the sailing record between Baltimore and Los Angeles, making the trip in a trifle more than sixteen days. Fruit growers and shippers of Cali- fornia are watching with interest the result of this trial shipment, made to ascertain whether this class of freight *Last eale Friday. The Year 1921 to Date on the Washington {which more than offset the effect of | Stock Exchange. Furnished by W. B. Hibbs & Co., Hibbs Baullding. ‘BONDS. 2.000—Ana. and Pot. River R. R. 26,500—Capital Traction 1st 5s. 1,000—City and Suburban Ry. -4,000—Metropolitan R. R. 1st §s. 1,000—Pot. Elec. Power 1st 5s.. 20,000—Pot. Elec. Power cons. 5s.... 5,000—Pot. Elec. Power deb. 6s. 14,000—Pot. Elec. Power gen. 6s. 30,500—Wash. Gas Light gen. 5s. ©16,500—Wash. Ry. and Elec. cons. 4s.. 1,000—Washington Ry. and Elec. gen. 6s STOCKS. 274—Capital Traction 725—Washington Gas . 28—Wash. Ry. and Elec. - 29—Federal Nat. Bank... 9—Liberty Nat. Bank.. 78—Amer. Secur. and Trust. 40—Continental Trust 80—National Savings and Trust. 1—Unjon Trust ....o...... 10—Wash. Loan and Trust. . 20—Sec. Sav. and Com. Bank 17—Union Savings 56 19-20—Columbia Graphophone com. 122—Mergenthaler Linotype . 76—Lanston Monotype .. Open. High. Low. Close 62 2 62 62 86% 87% 85 87 62 62 Tl 92 92 9% 9% 88 58 88 88 79 803% 79 80% 91 91 91 91 91 921 91 921 % 57% 9% 90 90 90 90 82% 86 841 38 38% 37% 21% 23% 23% 52 52 1 1 169 ¢ 169 166% 175 175 121 1213 121% 225 226 226 109 109 107% 260 280 275% 120% 120% 120% 265 265 265 198 198 198 foens 112 12 112 ] 133 12 1229 122 (3 7% BALTIMORE PRODUCE. BALTIMORE, January 29.—At this sgason of the year the egg market l: subject to sudden and wide fluctu. ations, so that it is difficult to sub- mit a price that will hold for any leggth of time. Due to lighter re- ceipts and an increased demand owing to lower prices which have prevailed, the shade, strictly fresh nearby stock being quoted at 60 cents a dozen. Prompt and regular shipments are advisable to keep normal condition in the general movement from day to day. The general live poultry market rules firmer. Receipts have been lighter and there is a fairly good de- mand for fat old hens and smooth chickens. The former sell at 34 cents a pound, with small to medium quoted at 30 and 32, and the latter at 36 cents. Large young chickens will only bring 34 and 35, while rough, poor and staggy are slow sale at 25 to 30 cents. Young white leghorns will bring 33 and 34 cents, while old ones sell at 30 to 32. Receipts of turkeys have only been moderate, with values steady under a good demand for choice hens and medium gobblers. The former will bring 50 cents a pound and the latter 48 cents.a pound. Heavy birds un- desirable at this time of the year and old toms and crooked breasts were slow sale at 40 to 45 cents. Ducks are steady, with good demand for fat stock which sells as high as 38 cents, while small and poor will only bring 30 cents. Geese are in ample supply and the market is easy at 25 to 33 cents. The demand for dressed poultry is only modergte and a large part of the trade prefers live poultry now to dressed, and unless of exceptional fancy quality dead poul- try will not bring any more than ve. Capons were easier this week under freed receipts and prices range from 40 to 50 cents a pound. The supply of white potatoes is more than equal to present require- ments and values are in buyers’ favor, with No. 1 stock and cobblers selling at $1.40 to $1.50 per hundred pounds. while McCormicks are quoted at $1.15 to $1.35. No. 2 stock of all kinds will only bring 50 to 75 cents. The\ market rules easy on sweet potatoes at $3.00 to $4.50 a barrel, but the de- mand is for better yams at $4.06 and $4.50 a barrel. Culls and No. 2 stock market advanced a | LIVE STOCK MARKETS. CHICAGO, January 29 (United States bureau of markets). — Cattle — Re- ceipts, 500 head; compared with a week ago, beef steers fully 25 to 50 lower; some good cattle off more; good and choice fat cows and heifers, 25 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- rage; 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, 9.5029.80. 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. BALTIMORE, January 29.— The general live cattle market rules steady but quiet under ample receipts at the stock yards, but the receipts at the wharves continue light. Prices today at Light street wharf ranged as follows: Beef Cattle—First quality, per 1 8 to 9; medium, per 1b, 5 to 7. Bulls, as to quality, per pound, 4 to 6. Cows, as to quality, per pound, 3 to 6. Thin steers, per pound, 3 to 5. Oxen, as to quality, per pound, 4 to 6. Milk cows, choice to fancy, per head, 66.00 to 80.00; common to fair, per head, 30.00 to 50.00. Calves, veal, choice, per pound, 16; ordinary to medium, per pound, 10 to 14; heavy smooth, fat, per head., 20.00 to 25.00; rough, per head, 15.00 to 18.00; common thin, per head, 10.00 to 12.00, Sheep—No. 1, per pound, 5 to §; old bucks, per 1b., 4 to 5; common, per pound, 2 to 3. Lambs—Choice, per pound, 11 to 12; fair to good, per pound, 8 to 10; common thin, per pound, 5 to 6. Hogs—Straight, per -pound, 10 to 10%. -Sows, as to quality, per pound, 8 to 9. Stags and boars, per pound, 6 to 7. Live pigs—As to size and quality, per pound, 12 to 15. Shoats—As to size and quality, per of both sell at $2.00 and $2.50. Seasonably nmearby garden truck is in ample supply and with the increas. ing demand for southern vegetables the tendency of the market is down- ward. Apple receipts continue 1ib- eral and with demand slow the mar- et is weak at $3.00 to $6.00 per bar- rel for No. 1: packed stock at $2.50 to $3.50 for No. 2: boxed apples at $2.00 to $3.50, while lonse stock will only bring $1.50 to $1.65 per hundred pounds. SUGAR . IS UNSETTLED. NE W!ORfi January 29.—Raw sugar was unsettled today, but no fresh business was reported and prices olosed unchanged at 3% for Cubas, cost and freight, equal to 4.09 for centrifugal. No change was reported in refined, which was quoted at 7.50 for fine granulated. Business was light. Trading was dull in futures. Prices, however, were steadier on covering, and the closing was 2 to & points higher. January, 4.03; March, 409; MaZs 440, pound, 10 to 13. —_—— SUGAR MARKET UNCHANGED. NEW YORK, January 29.—There was no change in local raw sugar prices, which are quoted at 3% cents for Cubas, cost and freight, equal to 4.89 for centrifugal, but the under- tone was unsettled, and there were further offerings at quoted prices without finding buyers. The market for refined was quiet, as buyers were inclined to be cautious, owing to the unsettled conditions in the spot mar- et. Prices were quotably unchanged at 7.50 for fine granulated. Sugar fu- tures were a little steadier, although there was only a very small trade, as operators generally were inclined to hold off owing to the unsettled con- ditions in both the raw and refined markets. Closing prices were 2 to § points net higher. —_— 1 Dutch shipowners are forming a company to conduct a large store for the sal of clothes and other goods at| prints, prices, : could not be made as quickly by water as by rail. The Charles R. Cly'tmn is expected to dock here within the next ffilwbdnyl, hetr'muter pushing the big -burner at top speed in an effo: lower his previous record. o It is estimated that the freight on this class of shipments from the At- lantic to the Pacific coast is between $9,000,000 and $10,000,000 annually. Shipping men say that 20 per cent of this cost can be saved by shipping California fruits to the eastern sea- board by water, and claim that prac- tically the same time can be made as the railroads are now making in moving the crops. —_— BANK ROBBED OF $14,000. Three Bandits Lock Employes in a Rear Room. DETROIT, Mich., January 29.—Three armed bandits today entered the North End branch of the American State Bank, locked three employes in a rear room and escaped with $14,000, ‘The bandits compelled the cashier to bring the money from a safe. FORD PLANTS START UP. DETROIT, Mich., January 29.—Par- tial resumption of operations by the Ford Motor Company January 31 is apnounced. At the Highland Park ant 25 per cent of the force will re. turn to work, while full operations will be resumed in the tractor plant at River Rouge. SUGAR LOWEST IN YEAR. NEW YORK, January 29.—The price of raw sugar touched the low- est figure quoted for more than a year in the local market, with the Cuban product, including’ cost and freight, selling for 3% cents per pound. ——— NEW YORK BANK STATEMENT. NEW YORK, January 29.—The ac- tual condition of clearing house banks and trust companies for the week shows that they hold $8,875,150 reserve in excess of legal require- ments. This is,a decrease of $3,552,- 490 from last week. The statement follows: Loans, discounts, etc., $5,091,224,000; decrease, $62;840,000. Cash in o vaults, members fed- eral reserve bank, $80,445,000; de- crease, $927,000. Reserve in federal regerve bank of member banks, $500,427,000; decrease, $13,611,000. Reserve in own vaults, state banks and truflsg?'ronpuiu. $9,018,000; de- ase, $75,000. crgu:er:e in depositories, state banks and !r\llt’ es;l'l)pan.\el. $9,342,000; de- 696,000, cr;l'e'te'd:m&nd deposits. $2.847,342,000; decrease, $80,118,000: United States deposits deducted, $7,310,000. Time deposits, $242,558,000; de- crease, $12,429,000. . Cirqulation, $34,260,000; ‘decrease, 47,000. "Aggregne reserve, $518.787,000. Excess reserve, $8,875,150; decrease, ,552,490. SSSummm of state banks and trust companies in Greater New York not included in clearing house state- t: m;.“fian!, discounts, etc., $5886,450,700; decrease, $9.765,100. Gold, $7,621,300: C\u;rency “gs o 00; increase, $6.900. ? Deposits with federal reserve ‘bank, New York, $48,896,000; decrease, $2.- 261,500, e “otal deposits, $622,066,400; de- crease, $16,081 Total deposits, rom_ _rese Stier banks and trust New York city and Uni posits, $583,297,300; decrease, $2,512,- 700. : ks—Cash in vault, $24.395600. ?fl:n companies—Cash in vault, $49,450,800. —_— NEW YORK DRY GOODS. NEW YORK, January 29.—Cotton. Foods .“Yrkeg, 'Vn“v' q:dutér here to- jay. Sales of 38%-in -:xfll‘*n?'m“' ade for March deliwery !-nn :dv:nee of % ocent since Yarns were easier. Prices current ai inch 64x64s, 6%