Evening Star Newspaper, November 18, 1921, Page 30

.Columbia Graphophone ~pfd. 30 ¢ LOCAL SECURITIES WERE NEGLECTED Bid and Asked Prices Do-Not Indicate Let-Up in Strength. BY L A. FLEMING. Today's trading on the local stock ex- change was the lightest for weeks, a complete let-up, with transactions scarcely worthy of mention, lether in the bodd or stock sectlon. It does not mean that the spurt in securities is over, or that the exchange is going back into the rut of summer dullness, for there is just as good a demand for bonds as there ‘was a few days ago, and the rush to place money in investments at the going rates be- fore the weakening trend in money re- duces the rates materially is in’ evi- dence. A study of the bid and asked prices discloses the fact that holders of secu- rities were In no mood to grant conces- sions in order to stimulate buying. A sale of Mergenthaler was made at 182, completing more than a 10-point advance in-the last few weeks. The official close was 133 asked and 331% bid. A few Gas 5s sold at 82% aend the call ended. Nominally, Capital Traction was strong with 90 bid and 92 asked; Rail- way common was held at 41 with 3§ bid and the preferred was quoted ex- dividend 65 bid, 66 asked. Hond quotations were well up to late, figures. Gas Case Before Court. The Consolidated Gas Company of New York has filed its brief in fits defense against the attempt of the state of New York-to enforce $0-cent gas charges. Every case instituted in the lower courts against the S0-cent gas law has been successfully contested. Each of its subsidiaries has successfully sup- ported the contention that such a rate is confiscatory. About $16,000,000 is impounded awaiting a decision from the higher court, which is expected early In 1922. Arguments have commenced. Personal Mention. W. T. Galliher is spending the week end in Detroit and will return on Monday. . W. P. Lipscomb, a director in the District National Bank, will supervise and erect the new home of tae karm- ers and Mechanics’ National Bank of Georgetown Combined Statement. fl The combined statement of the fed. eral reserve banks. made public this nows that a surplus of $ been accunulated in addition to the capital stock of $103.- 166,000, Total deno itx wiih the vel ¢ . §1.737.716,000. The ratio of reserve (o debos.: and Leucral Feserve notes in actual circulation is 71.8 per cent. The ratio of gold reserves to federal reserve notes in circuiation is 98.5 per cent, after setting aside 35 per cent of the metsl on hand as a re- serve against deposits. In both in- stances the reserve is larger than last week's showing. The total earnings assets of the sys- tem has ased during. the week from $1.361,368,000 last week to.$l,- §2.328.000. 'Bills discounted have de- creased somewhat, while the supply of gold has increased over $90,000,000. Another New aBnk. Announcement is made of intention to start another new bank somewhere near Thomas Circle. Frederick J. Rice, an attorney, is mentioned as the probable heud of the i ution and John B. Densmore is said to be slated for the vice presidency. The proposed capitil is $200.000, to be sold to create a $40.000 surplus. —_—— Washington Stock Exchange SALES. < Mergenthaler Linoty) AFTER CALL. 35800 at 821, Washington Ga: Money—Call louus, BONDS. Bid and Asked Prices. PUBLIC UTIITY. Tel. and Tel, Asked. American elga. 4s. lga. Washington Washington Washington Wash. Kwy. B LANEOUS. xs Realty’ 55 (long). 23 Rigs Riggs Realty M (short). KS. WPCBLIC_UTILITIES Amerlean Tel and Tel 164 Capital Traction o2 Fashington Gas 4 Wash. A 41 Wash. Rwy. and Eler. ) American Gapital Columbia Commercial District Farmers Federal Liberty Lincoln A Natlonal Metropolitan g3 .. = Becond . Commerce and Savings. East Washington . Merchanty’ .. 17 Security Savings and ¢ 202 Reventh Street . 5 > 7 Union Savings > U. s ngs . 00 ington * Mec FIRE INSURANCE STOCKS. American 233 Arlington . » reoran 15 iremen’s 20 tional Union % Columbia Title .. Real Estate Title MISCELLANEOUS. Columbia Graphophone com C. Paper Mfg. Merchants' Trausfer & idend. : PROSPECTS DISCOURAGING. PRATT, Kan., November 18.—Farm- ers of southwestern Kansas, discour- aged over crop prospects and prices for coming year, are declining to join . the United States Grain Growers, al- % though they admit it is their final method of solving the marketing problem, according to C. G. Wheeler, publicity director of the United States Grgin Growers of Kansas, who is clos- ing up a number of campaigns in this section of the state. “Farmers say they simply have not the money to put into_it because of the prospects,” Mr. Wheeler says. “They are discouraged over the out- look and put us off. SPURT IN SHIPPING. MOBILE, Ala., November 18.—Indi- cating an Improvement in trade con- ditions and shipping, eight Shipping " Board vessels tied up in Mobile river above the city have een ordered put back into operation this week, ac- cording to announcement here. Seven of the ships are tankers and one is a cargo vessel. The tankers will all go to Mexico to take cargoes of ofl to be delivered at different ports over the sauniry and abroad. el -+ -+ FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Adv Rumley. Afr Reduction. Ajas Rubber. All-Amer Cables. Alllrd Chemical... 102 4% % Am Beet Sugar... 30 ¢ Am Bosch.... " :mgrfl;esho‘ 5% :;% % m Brake Shoe pf. 95 IA.m Pl s a% o 8 Am Radlator. Am Safety Rasor Am Ship & Com... Am Smelting. ... Am Smelting pf. Am Smit Sec A. Am Steel Fdy. Am Steel Fdy pf. . Am Sugar. . 8% 8% _._.___..__.._. , : s Am Sugar pf. Am Sumatra. 0% 2% so2 Am Tel & Te! S 116% 116% 118 Am Tobacco 125 135N 124 Am Tobacco (B). . 12¢ 12 “l“ Am Tobacco pf (n) W% %% 9 Am Woolen w6 W A Am Writing Prpf. 2% 25 ‘Mw Am Zinc & Lead. e 11 :: o Am Zinc & Ld pt., 35 e ADAcONda........ W & & Asso Dry Goods. .. 38 = 38% :18 Atcnison......... 81 8 E Atlantic Fruit Co.. 3% 3w ll:* Atlantic Guit. . 3 B8 Atlantic Guif pf... «% Hn 2 Atiantic Petrol... 2% 2 fi;‘ Austin Nichols.... lue 0% 10 saldwin Loco v wn e Balto & Ohto. s ST G Bulto & Ohiopf... 61 B B etk Steel (B). ... Son 68 B Beth Steel 8% p£. . lh: wf W:* sKiyn Kupid LT y Bilyn Union Gas. wh l‘:: . sBrown Shoe o 11 o e i wn Butte & superivr.. 1% 1 Butterick. an s fik Cadao OIl. 2 Cahfornia Pekg... wh U T Culifornts Petrol. 42 4k sl Calumet & ATis. B b S8 Canadian ra Jentral Leatl ] Ceatrui Leather 1 Cent k ROINJ.. Cefrdde Fasco. Jhungier Musof Ches & Unio, - Chi Great W estn. A CcniGreat W bk w u u —ui Ml & DLEaUs, i3 I il & SUE PE. _n1 & Noruawa. . . Chi & Nortuwn pL. 10s W0i% W Tl KL & rwciDe.. adn oot win Chi R 1 & P 6% pt [ 2] Cr ChiR1&PT%DL.. 81 8 Bl Cnlle GUPPEF.-.aee Lo B Coino Copper. . @ e on CCL&StLouis.. b &% & Cluett Peabudy ® w46 Cuca-Cola Bive B .lt"u Colo Fuel. “uh -i’r b Coto & douthern.. écn 2w 4l AL 8. eee W bers 9N Columbis Grapa.. 43 ' s 4 Columnbia Grpn ID‘\- ”» m ‘l i Cons Clgar. .. P b w Cuus Uas i N 2 vy & wl Cous inuCulBuu. on o O ok Cous Textiis we 6o b Cuil ITouucie. s B BBl Cors Prouucts pl.. on v v Cususl & LU Son whie e Cruciule Steel votw bive bb¥e Cuusnh-AnrSugar. b b w0 CubaCanoougsf.. bk am ¥n “uva Caue du P 19e 9 Bk vavidson CRew Ain Bin son Ue Beers Mines... lole low 1bh Deere & Cu. - o b o vel & huuson. lusre Ll Dot Lack & Watn. . Low 1A sinerson-Brantpl. o ik wiluiculi-dulkavL . 0wh Ene... .o ke | e et pt w . e | mre 2a pt 1kl Fauisus VIsYEIN. . OBu b3 ramous Players pi 5 LTI Feu Mines & Sim... 9 ¥ P o stlies & SPLe. Sn Bl fisher Bouy .. - -» 0 rlahul'wuluvl. N o N Mn n Freeport Teaus... 1% b uen asphait. 6% tels Gen Asphalt pf.... 1% 1l I Gen Cigar. .. wh G Gen Cigar deb. s sé% | Gen tectric 130% ISk Iod + Gen Motors. L L% Gen Motors pf. il Tl Gen Mot €% aeb... T T W wen Mot 7% deb. 8.4 in blA ] Goodrich %N :y. % Goodrich pt 0w ow Granby Consol.... zek % 26 Great Nortnern pf. @h 4 W% Great NorUre.... za 3% s Haskell & Barksr. 0n Sos 7ok Aousten Vil. U e T u o uoon vih 3% v .;v- ':’)I ¥y apIrAtion. ' sith o Tboro MoLTo.. 2 7 1% Intl Agr Chem o 9% 1‘l‘». iutl Harvester. Ti% intl Mer Marine L% inumer Marine Pl 5 bom b4 intl Motor Truck.. 23 - 9 B4 intl Truck 16€pf.. 7% 14 T Antl Nickel. Be in 2% int} Paper- bn anvincibie Olleceo 10 121404 Oil.oco 2 W Jewel Tea, n W% Jones Tea. wh s Kansas City Sou.. zé% i %y Kansas C SoupL.. 82 82" Kinsas & GuitCo. 7% 8% 7% | Kelly-Spring ‘Tire 4la 1% 0% Kelsoy Wheel 6 & & nnecott. . l:: 3;2 “fli one Tire. Erage (88). mK 11 1Mk Lackawunna Steel dn 4% &2k LacledeGas...... 4 & & Lec Tire & Rubber :'I‘K gfi zu Valley.... ety L% 1% 1% M W% . 168% M5W 104% o o Loose-Wiles 9% 9% Louis & Nash. 108% 109 - 108% Mackay Cos Pf. 57. 61 8 Manatl Sdgar 8 ¥ B Manhattan Elev. F Manhattan Shirt. 9% Marland OH. % | Maxwelt a3 May Dept 8to! x ote P et Copber.oo.. 1% B 161 IHdidle States Ol 1% 1% 1% MidvaleSteel..... 2% 5. 4% Mino & StL [ e m e StP & : s % 5 tl g:n Cloak &Spf. 1 7 T% Natl Enameling... 5% 3% 35 11 Lead. - % 8% o1% tIRysofM32d.. 3% 3% 3% 1% 1% 1k - THE EVENING STAR, WASHINGTON, ,.D. C. .- FRIDAY, NOVEMBER ‘18, 1921 .| BOND AND CURB MARKETS. ST“EKS IRREGULAR, Bonds. = Lo t MC':lrll.mm‘ 1 Low. (Furnished . B. . Fen U. 8, LIBERTY BONDS. 2:45. 5 i Pacli ¥ o. . 95.20 BTOCKS. Bid. Asked. “h o un s o% 50% 1 9438 | Aetna Exotpeives . 2% “ @ U 9484 It 1 n n u |- - v br] fia u% % . 9478 ¥ 35 40 s % . 908K B & K o %|Speech by Chairman Gary |u. w 8 & OTHER BOKXDS. Noon. 7 % u°|. Slows Up Steel Shares. |rwencn Government 8 1965, 1 Phila Compan; 2% 8% 2% S overimont of Bwiiserian 3 Phillips Petroloum 32 % 31% 8% News Notes. A g L T 1 Plerce-Arrow..... 1% % 1K 13% United Kin o3 Plerce-Arrow pf.. 33% 3% 8% 3% BY STUART P. WEST. Eoited Xingdom Be. X 6% Plorce Ol 2% 10% 124 . American Tol. §? Plerce Oi1 pf. %" &' e | NEW YORK, November 18.—The |American %el. an 1% Pitts Coal. 59 6s% Bs% | Btock markét revealed today the same | Atchison, Topeka and Sants Fe gen. 43 o al, H Pitts & W Va, 2% 20% K | speculative cross-currents that have | Atlantle Coast Line T : { Davinaly 7 Pond Creek Coal Atlentic Refiniog Go. oot Dominion ‘0t % 16% 16 18 |heen apparent all week. Realizing |Atlas Powder Co. 7%s nion 01l Presned Steel Car. 61% 61% 61% 61% Baitimore and # Pressod 8t Car pf. o7 o* $% $%|sales went on In some directions and | BHROR 103 GHO §¥F Ell Busia K] Pr ; fresh buying in others. The net re- | Baltimore and Ohio 8. Sineers Petroleum A oducers & Ref.. 6% 2% 26W ying in others. ™ | Bethlehem Htro rerd. bu.; Bureka Croesus ... o sult was a very confused price move- |y jington 6. N 1;!,. Punte Al % :te::; Wit'h!:ul'::y'ugenerxl tendency | Canadian Eopina i r'fi* uring most of the time. Central Leather 5 = Tana O, These fluctuations were fairly typleal | (eatral Facite 4 0% | Glen “Ataen o a of the uncertainty felt in the specula- 81 |Glenrock 0N 1i tive community regarding the im- 85% | Guffey-tiitlewp: uiz mediate market position, whether or i Intercontinental 7 not there had been sufficlent advance 15'5 to take account of the improvement, | Chicago Northwes 2 . 49! actual and prospective, in outside | Chl., Rock Island and Pacific 7 Pt ReplIron& Stipf.. 4% 8% 8t business. The #.-jority sentiment |Chicago Unlon Station 8% 04, % Rep Motor Truck. 7% 74 7% 7% |among regular traders unquestionably | Comolldated Gas 7 $1% ' Lone Star Gas . 2 Royal Dutch...... 47%, 4% 4% 474 |favored a reaction, but. on the other | piin (oie CHE 1063 | Magma Copper z St Joseph Lead. ... 13% 18% 13% 13% | hand. fresh initiative was shown in a | puPont 734s 1981. 102 M:E;“f""’m 26% StL & San Fran. .. 22% 2 :1% 124 |humber of special issues on the side | Erie general llen 4 48 | terrie N, iy St Lonts South & of higher prices. General Electric 6 1085 [ stidwent o1’ 8 uthwn. R4 2% 2% 2% Goodyear T're and 108! . com 3 StLouls Sown pf.. o1 3o 329 5 | Inesmuch as the chairman of the year 817 | Midwest ou fal 14 Grand Trunk ret. s Seaboard Alr Line, sis #1 8% sk |Steel Corporation has the reputation | 3 et o7 170 Sears Roebuck n” sers | Of leaning always to the side of opti- |fifinoi Central fi5a q n% Seneca Copper ... i o e mism, the fmpression left by what e | International Mercantiie Marine 6n. & SHATEROR A r e, 20% 4% 2w 2% Ihad to say today at the institute was | Inter. Rapid Transit lst aud ref. 2% Shell T -Arisona. 6% 6% €% 6% |not exactly favorable. While assert- i Loulsville da hville 75, }X?D M% e rad & Tran. 36% 87 3 87 ling that the turn had come three | Misswourl, Ki 281 | Northwestern Ol . 13 20 SinclairOil....... #3% 2% 2+ 2% [months ago, and that the volume of | disourl Pacifc ge 061, | Umar Oil (new) 1 1118 So Porto Rico Sug. 354 3% 36% 36% |steel business had more than doubled | New York Central deb. 98~ | Deunok Ol iea ‘. w” Southern Pacific... 79% 80 79 79%|since then, he stressed the need of | New York Telephone 6 4g o gou:h.m Rallway. 13 194 19 19%|further adjustments—in the cost of 'fi 3 H out f. 46% |living, the cost of nroduction and z Zm Stand Ol of Cal, .. o s e 4| transvortation, and especially in taxes [ 2 Stand Ol of NT... 178" 119" moe 111 |—Dbefore return to normal conditions | penbasivania 5. 1068 Reyn 34 &y Stand O N Jpf. | 1ie% 1% 11z 112w | O, UG Jooked for. Pesnerivania 1 K. 6 e | Ealt” Creek - Froducin st oy Steel & Tubapr..) Tk TIK TM T | cmrors upen TreC stant ctockn s i | ennarivania sen.. mor T4, BRI Creck (aew). ... % i stocks. u + pulpu e, 4 Studebaker....... % W W % | hrought no melling of Importance. | Readivg geneml ds L. Sitmmn Petrol H % . A A Infidence upon the general | &t £ ani ian Fran. on, 195 o ¢ . 3 was offsel Y . Louts d 3 % other and more encouraging incidents, | eaboard. Atr. Tine & 3% Jndications of a steady” hardening | &ribanrd Alr Line rif & a5 1 of the copper metal, which brings the | §eaboard Alr Line 800 7 - &Pacific... 20 % @y 2% |14-cent level into near view, stimulat. | Sinclir Cone, Ol Corp, i, FE] Texas & PC&OIl. 30% 30k 9% % |°1 the entire group of copper and |southern Pacific conr. 4x. 1518 Tide Water Ofl....119 149 149 149 |Smelting shares. The report, for|Routhern Railway gen. 4 tted Jl A 13 Tobacco Prod..... @ s 6 e |Which there seemed abundant founda- | Nouthern Railw ied, Frofs Mscins. 1% - Trana Cont] tion, that the Cuban sugir commission . e e F Unlon Bag fombss o 1% 8% 10%|would wind up Its activities during M Union Of) apr. 78 73 7l 7% |the next month with the sale of the 1n .. better part of the remaining Cuban * ALA = ___..._._.___— @ surplus. brought special buying into the sugar stocks. Paying Dividend Ag: Restoraticn of Chesapeake and Ohlo to a 4 per cent dividend basis, al- though clearly foreshadowed by the dimilar action of its subsidiary— Hocking Valley—yesteyday gave a fillip to the rest of the railway list. ex resvion of judgment by a repre- tative railway management that the situation affecting the transpor tion industry had changed suffi ciently for the betler to warrant a more liberal policy toward share- holders. + Bix Sugar Sale. Plans are maturing for the disposal of about half of the unsold 1,400.000 tons of sugar in Cuba. This sugar will go partly to this country and partly to Europe. It is said that the Cuban commission in charge of the sale of sugnr has had several confer- USSmelt Ref pt. . U 5 Steel. . Va-Car Chem pf... Vivadou. Wabash:, Wabash pf A Wells-Fargo Exp. Western Md. Western Md 2d. Westeru Pacific. Western Union. Westhouse E& M. White Motor, White O11. Wickwire Spencer 10 Willys-Overland.. s 1llys-Ovid pf.... 28 Worthington Pmp. 4% ade to have a large amount of the gar refined and that a sort of tolling angement is being considered. The dea would move and distribute as before the control of the commission is abandonad. Following Pure Oil Two of the big refining agencies have followed the Pure Oil Compuany {into the Mexia firld in Southern Call Money Texas and heve contracted to take profuction and pipe it to their re- finer! These two companies are HOURLY SALES OF STOCKS. the Prairle Oll and Gas Company and 26980 Lpm. the Sinclair Crude Oil Purchasing 6590 2pm. Company, which is a subsidiary of the Standard Ofl of Indiana and Sin- clair Oil. The new contracts will not affect the Pure Oil Company. which was the first of the refiners to zet into the field and has aiready ‘begun the q. Amerivan Stores Co, . 1st & ing of its pipe line to the gulf 24 pf. s - st. Atlange dnd Pagitic Teu o, The new Prairie Oil and Sipelair arrangement will take care of all the oil not now contracted for by Pure Oil an, v, 8. # Ruldiyin Locons ———————. an. pr. 3. | BAR SILVER QUOTATIONS. -‘“"";‘,&F‘ Manu i NEW YORK, November 18.—Domes- na | tic silver, 99%: foreign, h dnllars. LOND 394 per ounce. Money, 3% per cent. Discount rates: Shor' bills, 4a4l4 per cent; three-months bills, 4 per cent. — . CHICAGO LIVE STOCK MARKET. s Dec. 1] CHICAGO, November 18(—(United e e o Jan, 1|States bureau of markets)—Cattle: Citles Service Co, c. Receipts, 4.000 head; beef and butcher common_stock serip. Jan. 1|cattle steady to strong; quality, poor General Electric Co, q, §3. Jan’14ito mediup; early top good long General Electrie Co. a. 24 3 Jan. 4 ings, 9.25; bulk beef steers, 5.50 Stat Jan. 2 fat cows and heifers, large e 31 25; bulls strong; calves slow to Interstate Iron and Steel practical top. 8.00; heavy q. pf, $1.75... calves, largely 4.25a5.50; stockers Mefeeninaler Linotype o, and feeders weak. $2.50 Hogs—Receipts, 31,000 head; fairly National Tend ¢ q. ¢, $1.30.De 0l Co, $L.70. Dec, 20 active; strong to 10 higher than yes- terday's average; top, 7.25 on light lights; practical top, 6.90; bulk, 6.65a 6.85: pigs steady to 25 lower; bulk, desirables. 7.50a8.00. Sheep—Receipts, 9.000 heads; kill- ing classes steady to strong: bulk, fat lambs, 8.50a8.85; few loads choice fed New Jersey. q. pf. $2. Repubilc Iron’and Steol Co. a, Dec ! westerns, 9. good to choice 120- Dec. pound fat ewes, 3.0023.50; heavies, e o 2.00a2.50; few feeders here. ity | West IBdia’ Bigas Einance Cor 1 | W Eennayivania Rwya. HIGH RRICE HOPES FAILSE. 2% | e bt w8 According to Roger Babson. mer- e chants and manufacturers 'who are 0% FOREIGN EXCHANGE. expecting hfgher prices ars reckon- o | gelling chiecks—dollar values at noon today: |ing falsely. Says Babson: “The process a1t i = x 233800°F of readjustment calls for further re- ductions in the prices of manufac- tures rather than intreases in raw Cope materfal. This seems to be the les- Shristiania son of exx:erler:ice "wnh past wars. g rices must gradually get down to Amsterdam peace level." L — By the Associated Press. Notes. NEW YORK, November 18.—Foreign exchange irregular. Great Britain—De- mand, 3.99%; cables, 4.00%; 60-day bills on banks, 3.96%. ince—Demand, 7.22%; _cables, 17.32. Italy—Demand, 4.17; cables, 4.17%. Belgium—Demand, 6.99%; cables, 7.00. Germany—Demand, ; eables, .36%. Holland—Demand, les, 35.21. Norway, demand, 14.38; Sweden, demand, 23.30; Denmark, demand, 18.60; Switzerland, demand, 18.80; Spaim, demand, 13.75;-Greece; de- mand, 4.20; Argentina, demand, 33.00; Brasil, demand, 13.00; Montreal, .91 5-16. 5 —_— PLAN NEW BUILDING. NEW YORK, November 18.—New York Cotton Exchange members will meet November 30 to consider a plan for the erection of a new eighteen- story exchange building on the site of the present exchange. The cost of the proposed structure would be approximately $3,300,000. - - SYNDICATE GETS MILLS. .CHARLOTTE, N. C., November 18, —Transfer of control of the Chad- wick-Hoskins group of five textile mills in. North Carolina and Virginia to & new syndicate composed of North and South Carolina bankers and man- ufacturers by the purchase of the stock held by the Guaranty Trust Company- and the Liberty National Bank-'of New York is announced here. FINANCE AND TRADE NOTES. Net -profits of the Piggly Wiggly Stores, Inc., for October amounted to $94,000 ‘after payment of all operating expenses, depreciation and charges. It was discovered some years ago that common short-haired cats grew long, thick coats in cold climates. The idea was taken up by one man, who made a e sum of money by exporting cats to. tka, in Asiatic Russia, where hehind them for the sake of their KANSAS CITY, Mo., November 18 {(Special).—Action of .the union plas- terers of Kansas City in voluntarily agreeing to a wage reduction of from 7% to 12 cents an hour is expected to have decidedly stimulating effect on building here this winter. Con- struction upoh buildings now is heing rushed, so that jobs may be inclofed before severe weather sets in. KANSAS CITY, Mo., November 18 (Special).—Life Insurance husiness iu the southwest now is in better shape than at any time in tfie history of this section, according ‘o a, statomen: i sued today by officials - f the Matrn- politan Life Insurance ¢vmpany. The recent business don: not ap- proached even duriag the war period. DETROIT, November i$ (Suecial).— The season of navigation on the gréat lakes will close this year about ie- cember 1, not only becuusn of the dangers to vessels ani hecauss of ice, but because of the zontinued decreage in the tonnage offered for shipmeut: There has been a decided falling o:f in coal and grain slupments by this route. . - ST. LOUIS, November 18 tSpecial). —Freight traffic over the waterways of the middle west and southwest has been extremely heavy this year. This has been due larg:ly ta kigh rates on rail freight. rhe :Wederul Barge line reports handidpg the largest freight tonnagn ever trans- ported on the Mississippi river, ex- ceeding the amount carried even in the palnfy days of Mississippi steam- boat travel and earning a quarter of a million_dollars over bperating cx- penses. The Pittsbrirga Hargs lines has just delivered over 300 tons of nails and light hardwars to St. Louis jobbing houses. The board of directors of the United States - Industrial Alcohol Company voted to pass its current quarterly divi- dend on common| stock. The preyious dividend was at the rate of 4 per.cent % e It was naturally interpreted as an ences and that a proposition has been | I much of the sugar in Cuba as possible | ar silver, | n OIl Corp. Tn. a-Carolina Chemical 7 05% OIL BTOCKS. rn Union Gls, 1934 105%; | Anglo-American Oil C n & Co. 1st 6s.. 94 | Burne-Serymuer Co. 340 . Buckere Pipe Line 88 SHORT-TERM SEI‘I"“'TH".fi‘ o « 10 2. oar e American Tel. & Tel. 68 1922.. 100 1003 ¢ e American Tel. & Tel. 6y 991318100 % | 150 - ey 10 S 1 5 101% 5 0 1 | nda Copper @x_1929 nglo-American Ol 7V 1 ~ Ammovr & Co. 7< 1930, ”%! Tethlehem Steel 7s 102 bl wm Steel Tx 19 o H 204 i iy 2 | ‘and Tac. s 1 o ie. & 8t. L. 6s 1829, .0 o : .. York ‘R- 1921, i Copper 3 . | Conrar Fxport A% Re 182 ! Copber Exhort CA" Ra 1 Copper Export “A' 8x 19 {Cudalgy Packing_Co. Tx 1 | 1. P, Goodrich 1 Gulf 0il Corpo |H. 3. Helnz 1 Hoekinz i Tumb! %2 AUTOMATIC TRAIN DEVICE. %!Indicators Will Show by Lights | Next Stop. LONDON, November 18.—Tlluminat- | |ed station indicators are being fitted i to coaches on the Great Northern and City Tube railway. There are large maps in each car- riage showing the route conspicuous- ly displayed, with sections represent- ing the various stations. As the train {leaves any station the section indicat- | on Fauk Cwr T : | Western Electric Ts 1925....... 103 Westinghouse L. & M. 7s 1831.. 1043 U. & TREASURY CERTIFICATES. 1 Rate—Maturlty, 310 535 Marel iits Aprit ] 1 116 1 ing the next stopping place automati- | fi.v,s.v‘.u.r u,lx ".',. 1 .v;" 6 cally lights. up. so that.passengers | i507s September 1 100% 16 12078, gl will have time to prepare for alight- jbes Eonten Joo 118 100852 | ing at their destination. This dev {4te soptem ) . Ao |it ix hoped, will prove a valuable tim 5134 Bepten 101% {suver. Outside the coach is another illumi- nated indicafor. which clearly shows | jall stopping points, and is, Tikewise, | uuiunlat‘h‘llly controlled. 1U. S. EXPENDITURES. GROW | October Outlay $37,600,000 More Than in September. Ordinary expenditures of the gov- ernment increased by more than $37.- €00,000 during October as compared with September, while disbursements on the public debt fell off by about $627.000,000, according to the monthly ! statement just issued by the Treas- | TURKEY Annual Drive Starts for Ax in North. | ELKINS, W.- Va., November 18.— fMountain state turkeys have started on ithe hike that leads to the ax. Thou- | sands of them are headed for the kill-| 158 hen in the aifferent cliles of the {east. Every year shortly before Thanks. {giving many thousands of birds raised {on the mountain slopes and In the chest- |nut " forests of Greenbrier, Pocahontas and Randolph counties especially are Iherded into great flocks and started north in the care of experienced turkey | ury. 2 drivers. During Octob, - g October ordinary expendi. These immense flocks, or droves, of|iures totaled $304,157.955, as against Thanksgiving birds are handled much after the manner of handling cattle. At night the turkeys, if trees or a woods is near at hand, -will, for the most part, take to the trees. The drivers merely see that all the flocks that may have | been separated during the night are} {again united in the. morning. ¥ N S LEAF TOBACCO MARKET. - BALTIMORE, Md., November 18.—| Receipts were only 186 hogsheads, while sales footed up 665 hogsheads during the past week. Among the late offerings were some very fine to- baccos. for which 50 cents was paid, as well as for some fine hogsheads previously rejected at slightly lower } 1$266,523,932 in September. while pub- | {llc disbursements for the - month! !amounted to $346,394,200, compared | with $§1.173,842,743" in the previous i month. H Interest on the public debt, amount- ing to $130,000.000, was the largest ! item under ordinary expenditures for | the month, while $457.671,000 in cer- | tificates of indebtedness retired was the largest item under public debt payments. ———— LOST ON FEED CATTLE. Virginia Farmer Finds Costly In- vestment With Herd. bids. Prices per 100 pounds: Inferior and| BERRYVILLE, Va. November 18.— trosted, 3.00a5.00; sound, common, | T po 0N cattle teeding busi- 6.00210.00; good, common, 11.00a17.00; diess a costly investment this past dium,, 18.00230.00; good to fine red. 3100a45:00; fancy, 47.00a48.00: sec- |summer. He figures he Yost 330 & onds, common to medium, 5.00a17.00;head on seventeen of a herd of twen- seconds, good to fine, 15.00a30.00; bay | t¥-eight feeders which he bought. tobacco, gre-c\lnd. 15.00255.00; upper | Last February he bought:twenty- country, air-cured, nominal: ground |€ight head.- He paid 9 cents a pound Jeaves. new, 2.00a23.00. Stock in|for the feeders, each of them weigh- warehouses: Maryland, 18,899 hogs- {ing around 800 pounds, costing him iheads; Ohio, 3,769; total stocks today, }$72 a head. He fed them untll the 22,695. Ground leaves to date, 1ssin-n came up, put them on pasture & during the summer, and after feed- hogsheads. ing them corn. in the month of Oc- tober h‘a ';SoldTh!.VEI'l(&Jn of the 3 twenty-elght. e cattle weighed SEm COAL HOLDINGS. 11,200 pounds each, and were cold for NEW YORK, November 18.—Sale o(lfi cents a pound, netting him $72 a Y head, or just what he pald for the: its Holdings in the Lehigh Valley|head. or jus m and Wilkes-Barre Coal Company, ke, amounting to 169,789 éhares, is an- —_— nounced by the Central Rallroad of “PENNSY’S” EARNINGS. New Jersey, following.a meeting af the bo“l?l o‘f ‘:(rectoglu. ;Tha lhll‘e; PHILADELPHIA, November 18— were_ 80 0 syndicate composed | yydging from the larger number of of officials of &he coal company, In loaded cars handled in October over terests identified “with Indepandenl' 2 coal companies and interests identi- ) September, the Pennsylvania railroad will show an increase in gross reve- h Burns Bros. e paid tor gl mlnuel for the month,-but they will be -paid for the holdings was an- nounced as about $35,000,000. | stilf be substantially below those for | i This is one ‘of the laYgest trans- October, 1920. Some part of the in- actions affécting any -of the impor-;crease in. October over September tant anthracite properties in the.may have been a seasonal increase, Pennsylvania field since the general,but principally it was due to.a stimu- i} decree issued -by the United States:lation in shipments in @nTicipation of ! Supreme Court directing all railroads}the threatened railroad strike which: owning coal lands to separate -them|was to. become effective on the Penn- . from parent cdmbanies. sylvania on November 5. For Septem- : Central Rallroad of New Jersey is!ber the Pennsylvania reportéd groas almost the last of the larger coal-|revenues of $41,783,173 and net oper- land companies to bow to the will |ating income of $4.215,377. The in-|{ of the federal authorities. SLUMP IN BERLIN PRICES. BERLIN, November 18.—There was a heavy slump in prices of industrial stocks an the bourse, due to a uni- verszl rush of selling orders. Some of the stocks registered declines of from 150 to 200 points. The slump apparently was due to growing oppo- sition of the return of the rallroads to private ownership, an increased some extent by increased operating expenses over preceding month. ‘WOOL PRICES STEADY. ‘BOSTON, November 18.—The Com- mercial Bulletin tomorrow will say: “The domestic markets. teport a steady trade with prices showing a tendency to strehgzthen, best fine stapie domestic wools- being ‘quotable ! at 85a90 cents, clean basis, while 4 on -8t market turnovers afd B o e e R heavily pront akors [medium and low grades are slowly A few'ot the stocks meld drm on |ETONIE 210 NE L et wha mew bus: reports that foreigners, %fi?':fi! Pess is reported very slow, with the re buying them, Detwesn . in . New - - A tters.” ! asd _ 265 yrment workers’ str R Fustner complicatini {ary declined to 16.50, crease in gross may be. absorbed mi . " FINANCIAL. . . N Grain, Produce and Live Stock GRAIN AND PROVISIONS. LOCAL WHOLESALE MARKET. | BALTIMORE, November 18 (Spe<l Eggs—Strictly fresh, per dozen, 66; clal) —Potatoes—New, 150 pounds,|average receipts, 64. = 3.00a3.50; No. 2, 1.75a2.00; 100 pounds, ve poultry—Roosters, per 1b. 1% i No. 2, 1 turkeys, per 1b.. 40a42; chickens, 1.7522.25; No. 2, 1.00a1.25;; sweets and | spring, per Ib., 22a23; hens, per 1b., 208 yams, barrel, 2.50a3.00; No. 2, 150a |22 keats. young, each, §0a70. : 1.75; bushel, 75a1.50; beans, hamper, | Dressed poultry—Fresh killed spring : chickens, per Ib., 25a26; hens, per lbs 2.0082.50; bects, bunch, 3a4, brocoli, |55 rikier, per i 22; tarkeys e bushel, 25a30; bruesel sprouts, quart. |1b., 45a48; keats, yotung, each, 50a7 20a25; cahbage, ton, 25.00240.00; car- 1;‘1’{,';_?;:',‘(‘:’(3“"“"" p;r 'n; 10-11.") rots, bunch, 3a4; caulifiower, barrel, | 1, 1VE, Sock —Calves. cholee, per 10 4.00a5.00; celery, dozen, 40a75; crate. T BoEn per Th B v Der b, Bl 2.00a4.50; cucumbers, crate, 2.80a3.60; | Green fruits—Apples, per bbL, 6.008 eBRplants, bunch, crate, 2.50a3.50; | 10.50; per bus. basket, 3.50a3.25: wes! s 4 H ern, per box, 2.00a4.50. California horseradish, bushel, 3.5024.00; lettuce, | rion“her Lux, 3.00a5.50; Californis. ime - hoans— Bushel, 3.00a4.00; | oranges. per crate, 6.50a7.50. Grape- onfons, 100° pounds, 2.0085.25; oyster- gruoll‘ 3.75a4.50. Florida oranges, 4.00a plants, bunch, 7a8; parsnips, bushel, | 5.50. s B5 peas, hamper 3.50a4.00: peppers, | Vegetables—Potatoes, new, No. per bbl., 3.00a3.75; per sack, 3.5 3.7 crate, 2.50a3. pumpkins, each, 8al. savoy cabbage, bushel, 50a65; spin- |Sweet - potatoes. per DLbl. 2 ach, 75a80; squash, crate, z.souAno;lL.zuuce. nearby, per crate, turnips, bushel, 75a80. North Carolina, per crate, 75a1.50. Apples—T’acked, barrel, 5.5087.50; |Celery, per doz., 75a1.00. Romaine let- tuce, 1.25a2.00. Cymblings. per crate, No. 2, 4.00a5.00; box apples, 2.00a3.50; loose, 100 pounds, 2.00a2.50; cramber- |3.00a4.00. Spinach, per bbl, 1.25a1.50. ries, barrel, '17.00219.00; grapefruit, |Onions,” per 100-1b. sack, 6.00a6.25. box, 3.00a4,50; oranges, box, 2.60a4.00. | Cabbage, 275a3.00 per bbl. Cucum- & bers, 5.00a5.50. Eggplants, per crate, Closing Prices at Noon. 3.00a4.00. Tomatoes, per box, 2.004 Wheat—No. 1 red winter, spot, no|i-00. Beans, 1.50a2.50 per basket. Li quotations; No. Z red winter, spot,|beans, 50ag5 per qt. Sprouts, 13 1.10%, nominal No. 3, 1.05}, nominal; | Per at. No. 2 red winter, garlicky, upot. 1.08% —_— nominal; November wheat, 1.0834, nomi- > al DRembr L eaaai homiz DAIRY MARKETS. Sales—Bag lot of seconds by sam-! BALTIMORE, November 18 (Spe- ple at 1.00 per bushel. cial).—Chickens, live, young. pound, poor and white leghorns. 18a Corn—Cob corn, “old, yellow, quoted : :old hens, 21a23; old roosters, 1 at 2.50 and 2.55 per barrel, Contract corn, spot, 59, nominal; track corn, |ducks, 20a27; geese, 24a30: turkey yellow, No. 2 or better, old, domestic, | 32a38; pigeons. pair. 35240; gu 64, fowl, each, 40a80. Dressed poult Sales—None. Oats—White, No. 2, 42% per bushel; | No. 3, 40a41 per_ bushel. Rye—Nearby, 75a80 per bushel; No.| 2 western export, spot, 87%. nominal, turkevs, pound. 38a43; chickens. 27; old roosters, 17a18; ducks, 25a28; geese. 25a30. Eggs—Loss off, native and mnearby, firsts, dozen, 62a65; southern. 52. per bushel; No. 3, no quotation. Butter—Creamery, fancy, pound, 47; Hay—Receipts, 55 tons; demand is |pri nearby creamery. 43: limited and small receipts ample for 30z rolls, 28a30; store trade requirements at 16.00 to 21.00. 27428; dairy prints, 2830; (Straw—No. 1 straight rye. nominal; | process butter, 35a36. No, 2 stralght-cye, nomintiy No, 1 W YORK. November 15.—But- wheat, 13.00; No. 1 oat, 14.50a15.00. T oo ity o5 s CHICAGO, November 18.— Crop higher than extras, 43a damage reports from Argentina led | creamery - score), to a moderate advance in the wheat | creamery fir score), market today during the early deal- packing stock current make, ings. Snow In Kansas and Nebraska, with rain in Missouri, failed to act as| - an offset. Buying, however, was not | Crate aggressive. quotations, | 552 which ranged from % off to 5% gain with December 1.04% to 1.06 and May 1.08 to 1.08%, were followed by up- turns all around. receipts, Fresh gathered extra fi fresh gathered firsts, 58 v Jersey hennery white: candled selection, 958: and nearby western hennery firsts to average fancy ~ parby W Corn and oats, although dull, |DY and nearby s e After opening unchanged to % high- | €7€d broy ot s L er, May 533% to 53%, corn held near| to the initial range. H Oats started a shade off to %a% marks, fancy, 35a39; do., firsts, 5 a Cheese—Steady; arted. 0 | receipts. i up, May 37%a37%, and fhen hardened | pacicages, State, whole (GHlERer quotations on hogs tended Treshy ecleln e ahile T T o strengthen provisions. B e i S e cerase | Subsequently reports of a hot wave in | L5In% Sheciuls, 21azi do. avers Australia_and of crop deterioration | "™ 4 ) there brought about a further wheat - uplu);.lll. hThe clese was firm, 2% to 3’/.' NEW YORK RESERVE BANK. net igher. with Decembs 1.08% to] CIW YORK oy " h 1.08% and May 1115 to 141%. © O| NEW YORK. November 18- The Later the corn Market scored a ma- | Statement of condition of the Fed- terial advancs with trade somewh: eral Reserve Bank of .\. o York o broader wad government pians 1o help | the close of business November 15 finance corn being given increased at- | shows: tention. The close was firm, 1 to 13%a Total gold reserves, $1.043.668. T 2] reoerves, $1.09 360, Bills discounted secured by govern- For members, 115 net higher, with May 54% to 54%a s % % WHEAT— Open. High Low. Cloxe. ) ment Wi oblizations: December . 1.01% 1.08% 1043 1.083, | $86.091.102. . 108" 111% 1077% 111% | All others: For members, $82,382- 575, ., oy 4 o ! bought in on open market. By 3t 3R N 83!7;‘ n;hfl'.?. & 32y a3y a3, | Total bills on hand, $210.739.450. May ... #hoa 341 Total earning as ta ';‘i‘.l‘f'(fi.iafl. NEW Y Yov Tncollected items, $15 436, T aamuc. Novembar, 18 —Butk- | members: Reserve account, wheat dull, American, 1.62a1.65; C: nadian,’ 1.60. Other articles un-, 7 s changed. . 67 0.380. . L Federal reserve notes in actual cir- on. £634.716,155. g <~ COTTON MARKETS. | Ratio of total reserves to deposits NEW YORK, November 15.—Re. and federal reserve liubilities com- bined, 83.6. ports of continued depression in Brit- ish trade and rather disappointing southern spot advices seemed re- | sponsible for a small volume of busi- ness and a declining tendency in prices in the cotton market here during to- day's early trading. The opening was steady at a decline of 3 to 7 voints, and active months sold about 13 to 23 points net lower shortly after the call. December was rela- tively easy under scattering liquida- tion,” which probably had an unset- tling influence on the later months, and sold down to 16. while Jan ng the two months only 7 points apart, compared with u recent Dee:mber premium of 15 to 20 poinis. Privite cables at- tributed the decline in Limwrpool to hodging, Manchester and continental | selling and depression in trade gen [ wrally. Futures- opened steady: Decemb. 16.80; January, X March, 16.62; May, 16.53; July, WONDERING OVER MARKS. NEW YORK, November 18.—Amer- ican speculators who were persuaded last spring to put their money into rman marks as a smart speculation e wondering what to do now. There ere. American bankers among them, as well as plain, common folks. One HE investor of a decade hence may well be expected to look back with envy upon the great opportunities af- forded the investor of to- day. Mary of these oppo:tunities are sugge:ted in our Novem- ber li'st of offerings, which comprise: Government, State and Municipal Bonds Railroad, Public Utility and Industrial Bonds Foreign Government Bonds Send for Bond Circular 603 Redmond & Co. way out of the trouble is suggested- 1516 K Street Sell the marks and put the proceeds New York Pittaborgh into German municipal bonds. They Philadelphia Baltimore are very cheap and possibly may ad- STOCKS—BONDS—COTTON—GRAIN—SUGAR—COFFEE Bought and Sold on Commission . SECURITIES AND COMMODITIES REVIEW FREE, UPON REQUEST. A. A. Housman & Co. - 20 Broad Street, New York MEMBERS: NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK PRODUCE EXCHANGE | NEW YORK COFFEE AND SUGAR EXCHANGE CHICAGO BOARD OF TRADE ASSOCIATE MEMBERS OF LIVERPOOL COTTON ASSOCIATION Washington Office MAIN FLOOR CORRIDOR—WOODWARD BUILDING Telephone Main 2040 CHARLES R. ALLEY, Mgr. e SECURI 7 SRVIC The New Safety Deposit Department S —is ready with the most modern, scien- 3 “tific, securé equipment possible to obtain. Box rentals, $2.50 a year up, according ’ ‘to size. The Second National Bank D : “flnB.ankofUthS\crviu” 509 Seventh Street N.W. -