Evening Star Newspaper, November 22, 1921, Page 26

— 3 ATLANTIC CITY,N.J. <+ iDirectly on the Fion An American| SRSy °%° pptare. - $7eWILTSHIRE! Virgigla ave., 3 hotel from Beach. Private baths; running water; elevator fall ELLIS, Owner. Ho-rax.—?su'—mtm‘ ] » Always open, always Sredy: terms modergte. Write ‘or phone. WALSE D b PENNSYLVANIA. : CHAPMAN MANOR. - Steam-heated and comfortable. o Good meals. Air dry and invigorating. Hunting and Mountain Pastimes. 80 miles from Washington road 109 railroad. Booklet- EDUCATIONAL. A Business and Social Need Improve your business and seclal atand- g by a knowledge of some other tongue. ‘a at the Berlita School of Languages nd_let us show you how quickly and easily you can learn any modern lsnguage English included) by the famous Berlitz Method. Day and Evening Classes. Rea- sonable tuition. Ask for catalog. BERLITZ School of LANGUAGES |Est. 1878, 336 Branches 816 14th Street N.W Franklin 2620 17 ecticut ! Elovontt Bone pene. Beprember L Age, 5 to 17 Years. ‘SHORTHAND Syllable Srstem Guiraateed) (Boyd 871 Sy i T-uzht in 30 Days 30-DAY Bu”fl@mfllfi ICIWL o B St N.W. " Spanish Audemy. Professors from Spal and South Ameri Conversational method. tl vening Classes PAc'E INSTITUTE 715 G St. N.W.. Corner 8th and G Sta. Wood’s School 311 EAST CAPITOL ST. All Commercial Branches th, n‘y.., $15; ev -l.... wASHlNg"o’? e presrees: e TRTT ¥ m M SaD ':no; STEAMSHIPS. ERMUDA-——Naeday trips to the BERMUDA—I o et Phone Main 1472. :CLARK’S 18th UR_IETTI—CR EE 't'h‘ 11, by superb 8.8. Emprvss of France.18.451 ross lfln! ypt and Palestine, uni -4 o, tocludiag Fotel \T9, Mediterranean and Adriatic Por N. Y altar, Algiers, Mona- ppointed large steamers offer Sumptuously ingle rooms, unexcelled service and cuisine, rooms with bath and en suit i my port and perfect "h;udn‘n of action. Buore excuraions "1t des sisa_stop-overs. nd-’nfin Travel, Drafts :nd Foreign Money Orders For munn and Pull mmuu- Apply ompany’s S17Mth St NW. ~ ~~~ Washington N w. s O NORWEGIAN AMERICA LINE—SHORT ROUTE TO Borwsy, Sweden, Denmark, MODERN TWIN-SCREW STEAMERS 12 Noon Dec. 6 12 Noon Jan. 13 ccommodai 2! Passenger Office. FINANCIAL. zezexs— [RADING NARROW; PRICES HOLD WELL Conditions Do Not Favor Bear Operations—Picking Up Rail Shares. BY STUART P. WEST. NEW YORK, November 22.—The volume of business was smaller in the stock market today, reflecting the un- certain state of mind in which the fluctuations of the last week have left speculators. The greater part of the market ap- pears to have lost the buoyancy which characterized it a fortnight ago. Yet the reaction which usually follows in a speculation situation which has gone “stale” has not occurred. The dwindling interest in the market to- day signified that the average trader was divided in his judgment between these two conflicting symptoms and was determined that the wisest atti- tude was that of an onlooker. References to the immediate tech- nical situation are dwelt upon be- cause at the moment Wall street is giving more heed to the inside posi- jtion on the stock exchange than to the position outside. The two great sustaining factors which are set against much of a downward turn are, first, the extraordinary invest- ment buying movement, which, after having run for three months, still shows no sign of abatement. and second, the ability of speculative syn- dicates to borrow all the time money they want at 53 per cent, with every reasonable assurance that even this does not represent the bottom. The Exchange Powition. The curious weakness which de- veloped yvesterday in French ex- change was even more conspicuous today and the selling movement spread to Italian lira. There could no longer be much doubt that this was a measure of the disappointment felt In financial circles that the French program for disarmament laid down by the premier of France did not carry more promise than it did of reduction in the French budget. As Italy is taking its_cue from France, the weakness in Italian e change would appear to forecast a similar disappointment in the Italian program. Low-Priced Ralls, Low-priced ralls—that is, a selected list of them—were actively bought for a time in anticipation of a favor- able series of October earnings re- ports which will begin to come in during the next few days. The leader of this group was Missouri Pacific prefer- red. Predictions arc now being made with more confidence than ever that dividends will be resumed at the rate of 5 per cent within the coming year. By January 1 back dividends w have accumulated to the extent of 20 per cent. In view of this there does not appear_much logic for any ad- vance in Missouri Pacific common. Other low-priced rails in which the expectation of good October reports was an influence were Rock Island and Pere Marquette. Gulf States Steel. The advance in Gulf States Steel attracted attention because it came when other steel stocks were lag- ging. Usually this means that there is some special incentive back of the buying which did not apply to other members of the group. Gulf States owns rod, wire and rolling mills in Alabama and, because it specializes in the lighter steel products, it has benefited more than most other steel concerns by the recovery which has come in the steel trade during the last three months. This recovery has been most felt in the lighter products, like wire and wire nails, while co paratively slight in the heavier products. The company Is now said to be operating at more than 65 per cent of capacity. It has brought down its costs and is getting much better price! PARIS BOURSE STRONGER. PARIS, November 22.—Prices were stronger on the bourse today. Three per cent rentes, 54 francs 35 centimes. Exochange on London, 56 francs 60 centimes. Five per ocent loan, centimes. The dollar was at 14 francs centimes. 80 francs - STEAMSHIPS Continued. NEW YORK—HAVRE—PARIS PARIS. 'ovvfi Dec. 14 Jan. 18 CHICAGO v. 29 LA TOURAINE. Dec. 3 Jan. 7 ROUSSILLON. . . Dee, 1! [— LA SAVOIE. Dec.a Feb. 11 Mar. 11 LA LORRAINE. .Dee. 31 —_— ROCHAMBEAU. .Jan. 17— —— NEW YORK—VIGO“"’-)-HAVRE LEOPOLDINA ..... LA BOURDONNAIS.. J-. 1 ‘Winter rates now in effect TOURS in ALGERIA &MOROCCO Bailings 1 BOSTON BY SEA FALL EXCUPSIONS STOP-OVER AT NORFOLK ROUND TRIP sFROM WASHINGTON & Ticket Office Woodward i Building 731 I5th ST. N.W. NORFOLK & WASHINGTON STEAMBOAT CO. FRICA by Union-Castle Line, Bon, Ger ' 31 [l sanderson & 26 NEOWL ZEALAND Luxuriously ap- pointed passen- ger steamers of 21,000 tons dis- placement sail- ing from New York. New York. Cherbourp, Soutnampton. New Yorl. verpool. New York, Bostan, Asores, Naples) Genos. i atrent, Guebes, " Liverpos] i Y RED STAR LINE New York, P‘lynouxh. Cherbourg, Antwerp, . Libau, Dansig. Emm New York, Cherbor For sailings a apply. - INTERNATIONAL MERCANTILE MARINE CO. , Hamburg, Dansig, other " {iformation ‘Washington offic 2w, B. M. HICKS, u-nu-r ROYAL MAIL ~ BERMUDA By Palatial Cruising Steamer “ARAGUAYA” 17,500 Tons Displacement First From New York January 7 ‘WEEKLY SAILINGS From New York Every Saturday Bermuda Every Tuesday Tm; BRAGUAY A" s The Targect steamer cver employed in the Bermuda trade. In this service The Royal Malil is re-establishing its high prestige created by the popular crulsing steamer “Arcadian.” Resuiar alings to ECROPE by the fa- The ROYAL MAIL STEAM PACKET CO. 26 Broadway York Or Any !(u-lll. 'l'lcket Agent TOURS NEW YORK CITY SPECIALLY CONDUCTED TRIP Total Cost, $21.00 Pnrts l-flnfi. Friday afternoon, Nov. y afternoon, Three sight- ndlg“tflpt including Chinatown, residential d iness l.etin‘l ‘Woolworth Tower, ete. railroad fare, nmx. ransportation in Nr' York, sightsee] and conductor. S ELTA TOURS 500 Bend Bldg. M. 1472 THE EVENING STAR,- WASHINGTON, D. C, TUESDAY, NOVEMBER %2, 192L ° Grain, LOCAL WHOLESALE MARKET. GRAIN AND PROVISIONS. BALTIMORE, November 22 (Spe- olu)A—Poumn. new, 150 pounds, No. . Lsou "75; 100 pounds, No. 3 .00; sweets and arrel, 3.0 uoo No. 2, 1.76a ! :5 hudul. 1.00a1.25; beans, hamper, Dressed poultry—Fresh killed spring | 2.0 ts, bunch, 3a4; broccoll, hlllh- chickens, per Ib., 28a30; hens, per Ib., [el, 15a25; brussels sprouts, quart, 1 25; roosters, per Ib., 22; turkeys, per|20; cabbage, ton, 30. onus.ou u.rrou. 48a5! ken!s, young, each, 60a7s. bunch 3a4; caulifiower, crate, 1.50a ressed, small, per 1b., 10a1l. Live ltonk—Cllvel‘ cholce, per Ib,|5. 12%al ambs, choice, per b, 8 live hogs, per 1 Green fruits—Apples, per bbl., 6.00a 10.50; per bus. basket, 2.50a3.25; west- ern, per box, 2.00a4.50. lemo per box, 3. 00!! 5 orange: fruit, 6.00. Vegetables—Potatoes, new, . 3.00a3.76; per sack, Eggs—Strictly stsrealx. per dosen, 66 Live poultry—Ro turkeys, per ib., 45; chickens, s 1b., 23a25; hens, per Ib., 20222; young, each, 60a70. y, dozen, 50a86. "l.flh 3.00 Dllnt. crate, 2.00a3.0f h\l’hll. 3.60a4.0 oyster nips, bushel, peas, hamper, 3. 60-.6 00; pep , 3.00a4.00; pumpkins, eath, 8al. uvoy cabbage, bushel, :suo -mnmh bushel, 55a7 juash, cri 0a3. turnips, bushel, 75a8 Apples, packed, barrel, No. 2, 4.00a5.00; bushel, 1. apples, 2.00a3.00; bulk stock, 2.26 per 100 pounds. anberries, barrel, grapefru! ox, 3.00a4.50; box, 3.00: 0. Selling Prices at Noom. ‘Wheat—No. 1 red winter lpot. no quotations; No. 2 red wi 1.13%; No.'3, 1.08% No. 3red iner, nrllcky, t, November wheat, 1.12; Decunbar .13%. Sales—5,000 bushels November wheat CHICAGO LIVE STOCK MARKET. |at 1.13 per bushel. 22 (United| ,Corn—Cob corn, old, yeuow. quoted s)—Cattle— 8t 2.5522.60 per ba Contract corn, spot, 60%, nomin-l, track corn, yellow, No. 2 or better, old, domestic, per crate, 6.50a7.5! 75a4.50. Florldl arln‘el. 4.00a No. 1, 50a3.75; 50. 76a; Celery, per doz., 75a1.00. Romaine I tuce, 1.25a2.00. Cymblings, per crate, 3.00a4.00. Spinach, 1.50a2.00. Onions, per 100-1b. Cabbage, 2.75a3.00 per bbi. ber!. 5.00a5.! 3.0024.00. Tomatoes, per box, .00. Beans, 2.50a4.00 per basket. beans, 50a65 per qt. Sprouts, per qt. oranges, Eggplants, per crate, 2.00 Lima 15a20 CHICAGO, Novembe: States bureau of mar Receipts. 13,000 head; beef steers teady to 25 higher; qulll(y |mprhova:' Sales—None. Oats—White, No. 2,-42 per bushel; No. 3, 39840% per bushel. Ryo—Nalrhy 75a85 per bushel; No. 2 western export, spot, 90, nominal, per bushel; No. 3, no quotation. Hay—Receipts, 35 tons; demand is limited and small receipts ample for trade requirements at 16.00a21.00. Straw—No. 1 straight rye, nominal fat|No. 2 straight rye, noml No. lambs opened steady to 15 hlzher fat, Wheat, 13.00; No. 1 oat, 14. 50a15.00. sheep 25 higher; feeder lambs steady CHICAGO, November 22.—Scanti- to 10 higher; fat lambs, early to pack- Iness of offerings, especially in the De- ers, 9.00a9.25; to shippers, 9.40; good | cember delivery, tended to strengthen 112-pound fat ewes, 4.35; top ‘Teeder | wheat prices today in the early deal- lambs, 8.50. lun‘ils. Unv:elco):na rain in Argentina excessiv DATRY AR 1 e heat in Australia were also, to some extent, factors on the BALTIMORE, November 22 (Spe- weights held higher; bulk beef steers, 6.0029.00; she stock, bulls, stockers and feeders firm; calves strong; bulk vealers, 7.50a8.00. Hogs—Receipts, 45,000 head: 10 to top, 6.90 on 150 practical top, 6.85; .80; pigs steady to 15 lower; bulk, desirable, 6.80a7.00. Sheep—Receipts, 13,000 head; 5 mostly 15 lower; pound average; 17.00219.00; |- bull side. Upturns, however, were clal).—Chickens, live, young, pound, 22; poor and. white leghorns, 18a20; old hens, 20a32; small and white leg- horns, 15al8; old roosters, 14al5; ducks, 20a25: geese, 24a30: turkeys, 30a42; pigeons, palr, 35a40; guinea fowl, each, 40a85. Dressed poultry—Turkeys, pound, 40 a45; chickens, 22a25; old roosters, ‘ducks, 25a28; geese, 25a30. Sggs—Loss off, native and nearby firsts, dozen, 62a65; southern, 60. Butter—Creamery, fancy, pound, 44 a45; prints, 45a47; nearby creamery, 41a42; ladles, 30a32; rolls, 28a30; store ked, 2 i dalry prints, 28a30; cess butter, 35a36. NEW YORK, November 22. —Firt; receipts, 7,609 tubs; cream- higher than extra, 4312a44; cream- ery, extra (92 score), 43; creamery, firsts (88 to 91 score), 36a42: packing stock, current make, No. 2, 28% Eggs— Unsettled; receipts, crates ! do., firsts, 56a61; New Jersey hennery, whites, extra, fancy, can- dled selections, 98; nearby and nearby western hennery, whites, firsts to average extras, 75a93; do., browns, ex- 72a73; nearby gathered browns and mixed colors, firsts to extras, 56a pecial marks, fancy, 6a37 1. 1y; receipts, 1,0557 box- . 21a22; do., average run, 20a20%. CHICAGO, November 22.—Butter— creamery, extras, 44; firsts, seconds, 32a33%4; standards, crdinlry firsts, 43a47 miscellaneous, 50a52; refrigerator, ex- tras, 37a373%; refrigerator, firsts, 36a361s. Poultry—Alive, 12a20; springs, roosters, 13. BALTIMORE LIVE STOCK. BALTIMORE, November 22.—With fair receipts heavy and common steers declined 25 cents yesterday at the Union Stock Yards, Claremont. Handy butcher cattle, from 1,000 to 1.150 ~ pounds, were about steady. Stockers and feeders were in good de- mand, while bulls and cows were 25 cents lower. With a light supply, the market on sheep and lambs was lower, while the market on hogs was steady, with a light supply. There was a light supply of calves, with the market dull and lower. Quotations for the week follow: Cattle—Receipts for the week ended noon yesterday were 2,565 head, unchanged; 17; turkeys, fowls, 3173 | against 3,939 head last week; 98 car- loads for market for the week. Steers, choice, 7.25a7.75; good butcher, 6.25a .25; medium, 5.2526.00; common, 4.00 a5.00. Heifers, choice, 6.00a6.25; fair to good. 5.0025.75; common to medium, 4.00a4. ulls, choice, 4.25a4.75; fair to good, 3.25a4.00; common to medium, 3.00a3.50. Cows, choice, 4.25 a4d. fair to good, 3 25a4.00; common to medium, 1.50a2.5 Sheep and Ll.mbI—RM:!hl(l for the week ended noon yesterday were 6,387 head, against 11,148 head last ;r;;k Sheep, 1.00a4. 00 lambs, 5.00a Hogs—Receipts for the week ended noon yesterday were 13,461 head, against 8,423 h last week; light 8.50; heavy, 7.50; medium, 8.0 plgl, .. rough, 5.00a6.75. Calves—Receipts for the week end:fl :mlo;“ye;terday were 953 head, agains ead last week; 4.50211.50. X ealvek, —_— NEW YORK, November 22.—An- other new low record price for the last six years or'more was established n the raw sugar market hers when 6,000 bags of Porlo Rico sold at 3.871 cents a pound. 14,002 fresh gathered, extra, firsts, | May. i| sued a general notice of the existence of forged temporary certificates ofl | more or less checked by indications that lack of molsture in Kansas and elsewhere southwest had about come :‘:;:ede‘;g'o O‘D‘en!n‘ quotations, which m cent to % cent higher, with December 1.09% to lbsibslnd May 1.113% to 1.11%, were followed by a slight setback and then by new gains, a little above initial top figures. Corn and oats hardened with wheat. After opening unchanged to % cent higher, May 54% to 543%, the market eased a little and then scored moderate gains all around. ats started unchanged to % higher, % 38 to 38%, and then weakened, but soon went upward again. Provisions sympathized with firmness of graln, lower hog values. the notwithstanding WHEAT— Open. High. Low. December . 100%, 110% 1085 fl:"-’ Iy 1uy 1oy 111 19'4 545 :8’; NEW YORK, Ntvember : —Steady: spring patents. 5.7 Buckwheat—Firm. American, 1. 0. Lard—Firm; middle wes 7 Other articles unchlnze(‘l e, FRAUD IS CHARGED. | Existence of Forged Certificates of French Loan Announced. NEW YORK, November 22 —The New York Stock Exchange today is- J. P. Morgan & Co. for the French republic 73 per cent twent: ternal loan bonds, due 1941 Y Teaniaxs J. P. Morgan & Co., flucul agents of the French government, declined to comment on the announcement. —_— METAL MARKETS. LONDON, November 22.—Standard copper. spot. £66 15s; futures, £67 15s. Electrolytic, spot, £74 10s; fu- tures, £76 10s. Tin, spot, £161 125 6d: futures, £163 7s 6d. Lead, spot, £24 futures, £24 5s. Zinc, spot, £25 17s 6d; futures, £26 10s. —_——— FOREIGN EXCHANGE. Selling checks—dollar values at noon todar London B'fl“ Nndlvflx 1047 Prague . Parls Brussels . Wakaw ™ Berlin . Copenbia, Lome 5 Coristiania Madrid Stockholm . Zurich Amsterdam Athens 4.08 Belgrade Vien 04l Hnnmll By the Awsociated Press. NEW YORK, November 22.—For- eign exchange irregular. Great Bri- tain, demand, 3.98 cables, 3.997( sixty-day bills on banks, 3.95%. France, demand, 7.12; cables, 7.121; Italy, demand, 4.13; cables, 4.131%. Belgium, demand, 6. 915 ; cables, 6.9 Germany, demand, .35%; cables, Holland, demand, 35.30; cables, 35.. Norway, demand, 14.10. Sweden, mand, 23.30. Denmark, derpand, 18.45. Switzerland, demand, 18.82. Spain, d mand, 13.73. Greecs, dml-nd 4.05. A gentina, demand, 33.00. Brazil, de- mand, 12.62. Montreal, 915-32. VISIBLE SUPPLY U. S. GRAIN. NEW YORK, November 22—The visible supply of American grain shows the following changes: Wheat, decreased 4,505,000 bushels; corn, decreased 769,000 bushels; oats, decreased 325.000 bushels; r¥e, de- creased 207,000 bushels; barley, de- creased 270,000 bushels. LD CIC L GG L A BOLD FRONT OU can put up a bold front at the most formal occa- sions if your dress shirt_ bears that mark of immacu- lacy that comes to linen TOLMANIZED! The Tolman Laundry F. W. MacKenzie, Manager _ Cor. 6th and C Streets N.W. Limp linen ener- vates; TOLMAN- 1ZED linen invig- orates. ‘Phone ecdve‘by?flnlo“reblrodu“esmoflu. Adams Express. s a% Adv Rumley. 12 12 12 AdvRumley pf.... 881§ 884 Ailr Reduction. 9% 9% Ajax Rubber. 1 1% Allled Chemical... 48 48% Allled Chemicalpt 96% 96% Allls Chalmers. ... 86% 36% Allis Chalmers pr. 8% 83% 8% Am Agr Chem. a% s 1% h, | Am Agr Chem pf.. 0% /60% L4 ‘Am Bank Note. L 5 5 20% 29% 20% 3% 3% 8% 82% 6% [ 31% 31% 80% 187% 187% Am Cotton Oll . 1% u% 21% Am Cotton Oll pf.. 4 AT a Am Druggists. ... 5% e n 7 % i 9 9 0% B 2% 59% 8% %0 % Am Radiator. % Am Safety Rasor.. o H EILEH B U LR R R LG 108% Nk B4% 116% 1A% 120 % T8Y% 102% 1% u% fl 1% 2% 2% 86% 8% 1% 81% 2 10% 3% 12% 864 36% Am Tobacco (BJ. . 121 Am Tobacco pf (n) %% % Am Woolen 8% Am Woolen pf. Am Zinc & Lead. Am Zinc & Ld pf.. Asso Dry G 2d pf. Atchison. Atchison pf Atlanta Bir & Atl. Austin Nichols. Auto Sales Auto Sales pf. Baldwin Loco Balto & Ohio. % 2% 55% 102% % % T Barnesdall (A) Barnesdall (B) Beth Steel (B) . Beth Steel 3% p! Booth Plsherles Bklyn Rapid Trn Bklyn Rap Tr ctfs. Brown Shoe Burne Bros. Butte Copper. Butte & Superior Butterick. ™% 43 ) 114% 5% 16% 21 13% % California Petrol “alifornia Pet pf Canadian Pacific Central Leather. Central Leath pf. Cerro de Pasco. Chandler Motor. Ches & Ohlo. hi & Alton hi & Alton pf. “hi & Eastern Il Chi-Great Westn Chi Great W pf ThiMil&StP.... *hi Mil & St P pf. Chi & Northwn Chi Pneu Tool . Chi R1 & Pacific. 82 us’/- Chile Copper. Chino Copper “luett Peabody oca-Cola . Colo Fuel . Colo & Southern. Col Gas. Col Grnphnphone . ol Graph pf ~ons Cigar pf Cons Gasof N Y. Cons Int] Cal Min Cons Textile. Cont Can. Corn Products. “orn Products pt ructble Steel..... Cuban-Am Sugar. “uba Cane Sugar. . Cuba Cane Su pf... Davidson Chem. Del Lack & Wstn Endicott-Johnson. Erie. i Srie 18t pf. Famous Player: #amous Playrs pf. #ed Mines & Sm... Fed Mines & S pf Fisher Body of O pf Fisk Rubber. Freeport Tex: ien Am Tank C: sen Asphalt. en Asphalt pf sen Cigar Gen Electric. Gen Motors Gen Mot 6% deb. en Mot 75 deb. Goodrich. Granby Co iray & Davis Great Northern p! Great Nor Ore. Greene-Cananea Guantanamo Sug.. Gulf States Steel Harbishaw Cable. Haskel & Barker.. Houston Oil Hupp Motors Tllinois Central Indiahom: Inspiration, «o. s Interboro Metro. .. Interboro Met pf. Int] Harvester. Int]l Mer Marine. .. Intl Mer Marine pf Intl Truck 1st pf Intl Nickel. Intl Paper. Intl Paper (sta). Invineibld Oil. % 1Y% 70 81% 3 12 "% | Liggett & Myers. 1 7 | Superior Ofl. . High. Liggett & Myrs pf. 100 Market St Ry. Market St prior. Market St Ry znd Marland Ofl. Maxwell (B,. May Dept Stores. . Mexican Pete. Mexican Pete p! Miami Copper. Middle States Ol . Midvale Steel. Minn & StL (n)... MinnStP&SSM. Mo Kan & Tex Mo Kan & Tex pf.. Mo Pacific. Mo Pacific pf Mont Powerpf.... Montgomery Ward Natl Acme. Natl Biscuit. . Natl Lead pf Natl Ry of M 2d. Nevada Copper. N Y Central. N Y Dock NYNH & Hart. NYOnt& Wes Norfolk & Wstrn. . North Amerlca. ... North American pf. Northern Paciflc. . Nova Scotla Steel . Nunnally Co Oklahoma Prod. .. Orpheum Clrcuit. . Otis Steel . Owens Bottle. Pac Development . Pac Gas & Elec Pacific Oil. Pan-Am Pete. Pan-Am Pete (B). Pennsylvania..... Penn Seabd Steel . People's Gas " Pere Marquette. . Pere Mrq prior pf. Pere Marq pf Phila Company Phillips-Jones pf. . . Phillips Petroleum Plerce-Arrow..... Plerce-Arrow pf.. Pierce Oll. Pierce Oil pf Pitts & W Va Pressed Steel Car. Producers & Ref. .. FublicServof NJ. Pullman Co. Punta Alegro. Pure Oil. Rand Mines. Ray Con Copper Reading. Reading 1st pf Reading 2d pf. ... Remington 1st pf. Replogle Steel. ... Rep Iron & Ste. Rep Motor Truck.. Ries Robert. Reis Robert pf. Royal Dutch St L & San Fran St L & San Frpf. .. St Louls Southwn. St Louis Sown pf.. Santa Cecilia Sug. Saxon Motors. ... Sears Roebuck. ... Sears Roebuck pf. Seneca Copper-. . ... Shattuck-Arigona. Sinclair OI1. Sloss-Sheffield. . .. Southern Pacific. . Southern Railway Southern Ry pf... Stand Ol of Cal Stand Ofl of » Stand Oil N J pf. Steel & Tube pf. Stromberg Carb Studebaker. ... Submarine Boat Tl Tenn Copper Texas Company Texas & Pacific. Texas & P C & Oil. ‘Third Avenue. Tobacco Prod. Tol St L & Westn Tol St L & W pf. Trans Contl Oi Transue & Wilms. U'nion Bag & Papr. Union Oil. Union Paci: Unicn Pacific p 1 | Union Tank Car p United Drug United Fruit. United Retail Strs: Cast Ir Pipe U SCastIr Ppt U S Food Prod e | U S Indus Aleonol. U S Rubber. U S Rubber 1st. pf. U.S Smelt & Ref s | US Steel U S Steel pf. 72% | Utah Copper 3% | Utah Securities 20| Vanadium Corp a-Car Chem. “% Va-Canhamp . Vivadou. 1% | Wabashpf A. Wabash pf B. 96% | Webber & Hellbrn 4% | Wells-Fargo l-:xv 3714 | Western Md. 2% - s‘,: ‘Western Pacific 76% | Western Union. 12% | Westhse E & M. 5% | Westhse 1st pf. 71% | Wheeling & LE % B6% | White Oil. 72% | Wilson Co pf. 12% | Willys-Overla OVl ‘Western Md 2 ‘White Motor. Willy! d pf. ‘Worthington (A). 35% | Wright Aero. 33% 25 8% 405 ] u% %4 Laclede Gas 4 Lee Tire & Rubber % M 7 Lehigh Vu‘uay . 56% 56% % 2% l’ays 6 Per Cent on shares maturing in 5 or 83 months. It Pays 4 Per Cent on shares withdrawn be- fore maturity Assets More Than $7,000,000 Sarplus Nearing ., $800,000 JAMES BERRY, Presideat JOSHUA W. CARR. qu | Coraer 1146 and E St NW. | HOURLY SALES OF 11am..... 22180 12m. ipm..... _ Call Money. 172% «% | NEGOTIATING PAY REVISION. SAN FRANCISCO, November 22— The Southern Pacific Company has called conferences of all its railway employes to “negotiate a revision of it was announced of- company headquarters rates of DAY, ficially at here. The management's wage proposals 1n practice, it is believed, will amount substantially to re-establishment of wage scales that were in effect at end of the period of federal control, Ma d:dl. 930. The Dyer, general manager. —_— OROINARY BUILDINGS COMEA GO ASHER-BUILT CONCRETE OR HOLLOW TILE ASHER FIRE PROOFING CO. _ SIS S0UTHERN BUILDING, % 8l ement was given wm: the authority of J. H. Smoking is considered a matter of individual preference among Japanese l/\rnmen FINANCI AL. Produce and Live Stock| NEW YORK STOCK EXCHANGE BOND AND CURB MARKETS WMWQOOJ ur & 4s. Mchlm, Topeka and Santa Fe 4. Atlantic ‘Coast Line 7s. . Atlantic Reflning Co. Atias Powder Co. T3s Baltimore and Ohlo 2eay ther b Leat 1234 | Contral Pacide 4o Chesapeake and Ohio hesa) d Ohlo gen. Chesapetke and Ohio conv. rhlnn. R. I and Pacific re(d Chicago' Unlon Station 6! Consolidated Gas 7s. Caba Cas d Dobont™ T%s 1031 Erie general lien u General Electric Goodyear Tire And Rubber Co, 8s 1941. Grand Trank 7 Nortl Tilinola Contral 5. International Mercantil Missouri, Kanssy and Texas st 4s. Missour{' Pacific’ general 4 New York Central Te Reading general 4s 8t. Louis and San Francisco 4s, series A 8t. Louis and San Francisco 6s, 1920. Air Line ad. Stacate” Cone. 0N C Southern Pacific conv. 48 Bouthern Routhern Ttain Taion Pacific 18t 45 Union Pacifie conr. 65, 1921 on 6! Wilson & Co. 1:? 8s. SHORT-TERM SECURITIES. Rid. American Tel. & Tel. 6s 1922.. 100 ‘American Tel. & Tel, 8s 1924 American Thread Co. 6s 1928 American Tobacco American Tobacco Co. 7s 1923 Ansconds Copper 6s_1929. Anglo-American_Oil 738 Armour & Co. 7x Bethlehem Steel 7s 1 Bethichem Steel Ts 1923. Bethlehem Steel 7s 1935 Canadian Pacific 6« 1927 Central Argentine 6s 1927 E. L & Pacidc ¢ Govrer Ex Copper ‘A" CoRS Farying Co. 74 1023 F. Goodrich 7s ‘1925, Guu 0if Corporation 7a Heinz 75 Hocing Vailes ba 1674 Humble Of] 7s 1923 Kennecott Copper 7 Firpeie & Sooore 66 1021: Gamble 7s 1922 estern, Electric 7!“ | Westinghouse E. C, 8 TREASURY CERTIFICATES Rate—Maturity. Dece i 1922 5% March 15, 1958 pril 1, 1022 une 15, 1 CCTCED] sep(embn 15, 1924, NORE ACTVE A AI LIGHT REACTION BY L A. FLEMING. There was a little more activity on the local stock exchange today, bonds figuring to a considerable ex- tent in the day's transactlon: Through holding off for a period of four business days, brokers forced some concessions in values, but they were in all cases inconsequential not more than a fraction, perhaps an average of 3 of a point. The first setback since the flotation of the Potomac 7: refunding and improvement bonds when issued, came with a drop of % point to 10!%. at which point several sales were made, buyers then reducing their bid to cnnloudnted 58 strong at 88, ailway 4s, only other hol\d l!slle in transactions were - recorded, brought 611. This was also a slight conces- sion. In the stock list Washington Gas brought 47% to 47% and Mergen- thaler was decidedly firm, at a new high on this movement, at 133%. Bid and asked quotations in the bank stock list give the going fig- ures on these shares. Troth Is Named. / J. Bzra Troth, teller at the Bank of Commerce and Savings, has been elected cashier of the Chevy Chase Savings Bank. This institution has a capital of $50,000 and a surplus of $10,000, and expects to begin business with the first of next month. To Meet Soon. The executive council of the Amer- jcan Bankers' Association will hold a three-day session in this city on the 11th, 12th and 13th of December, at which time officials of the organiza- tion and members of the council will probably discuss important financial matters with Secretary Mellon and other government officials. were During the occasion the District | the Bankers' Assoclation will tender a reception_to the executive council and members of the official staff of the A. B. A, flvlnz local bankers and directors of institutions an opportu- nity to meet the representatives of the greatest organization of bankers in_existence. e O. Walson, himself a mem- ber of the executive committee, of this city, has been named by Pre ‘dent Larner as chairman of the recep. tion committee. The e has not been definitely agreed upon. but will probably be on the 13th of December. District Bankers to Meet. District Bankers' Association will hold a regular meeting in the near future to hear reports of committees ard conduct routine business. The meeting will be held in the as- sembly room of the Cosmos Club, corner of Madison place and H street northwest. B. & 0. Annual Meeting. There was an attendance, by proxie, of 15,050 shareholders at th Raflroad Company in Baltimore yes- ttrdl:r Actually there were about irty persons present. Dn"rylg‘ 1920 the Baltimore and Ohio rendered 16 per cent more service, measured by freight-ton-mile units, than it did in 191 President Willard declared that "in the ten months of 1920 that the sys- tem has been back in.charge of its (Furnished by W. B. Hibbs & Co.) — llld 124 Galifornia Crished Fruit.. Calumet and Jerome. Cities Service (old) Cities Service ptd son Davis Daty o Dominion 0! Durant Motors in, Engigeers’ Petroleum Eureka Croesus rrell Coal ral 0! Fensiand. Of iliette Satety Razor. Gilliland Glen uaen con Glenrock Guflq-l)lllunle B Intercontinental Eul leln Motors X 8 01l Midwest Oil comi. Midwest 01l prd. Midwest Refining . Mountain Producers - Northwenter Oilsr Omar Ol (new) Pennok Oil .. ay_Hercules R."J. Reynolds Hyan Cousolidated It Creek Producing. Salt Creek (new) Sapulp Tonopah Divide . Tonopan Bxtension lnllsed Cudahy Packing . Libby \lllnlll Swift h Co. ew York Transportation Co orlheflll Pipe Line C Pipe Line Co Co. Californy rand; Standard Ol Standard Oil Washington Oil —_— 10 REORGANIZE THEM, K. &T.R0AD NEW YORK, November of the reorganization plan of the scuri, Kansas and Texas Railway ( pany, which has been operated under receivership since 19 c today by J. & W. Seligman & Co. and Haligarten & Co., the reorganization managers. The_ plan involves the exchange of terests, domestic and foreign, than any similar undertaking since the Southcin railway reorganization in 1394 1t is stated that about 60 per cent of the various holders of the old securitics have given their assent to the proposed rehabilitation. Outstanding features include a pellacs tion of the fixed interest bearing debt from §146,543,142 to $100.320.913 and of annual charges from § 6 717. In addition, the new com- pal will issue $57,000,000 5 per cent convertible adjustment mortgage bonds. Total capitalization of the nld Q pany, stocks and bonds, of .0 is to be replaced by the new u.mp.m bonds and preferred stock aggregating $182,320,000 and 783,155 shares of com- mon stock without par value. The plan calls for an assessment of $20 per share on the $13,000,000 eid preferred_and $25 per share on the $63,283,257 old common. This will pro- vide $18,420,000 new cash for reorgan- ization 'purposes, of which about $4,000,000 will be used to pay off re- celvers' certificates and bank .ioaps. $1.275,000 to pay deferred interest under the plan, $1,000,060 to meet next year's equipment trust maturi- ties, $4.000,000 to provide the new company with a working balance and $5,103.000 I8 to be reserved for ad- ditions, betterments and expenses of reorganization. For each $1,000 of principal and ac- crued interest on existing securitias the plan offers new securities and cash. Included in this offering he- sides the securities of the main line are those of the Kansas City and Pacific railroad, Missouri, Kansas and Oklahoma railroad. Missouri, Kansas and Eastern rallway, Missouri, Kan- sas and Texas rallway of Texas Dallas and Waco railway, Wichita Falls and Northwestern railway, Southwestern Coal and Improvement Company and Boonville Railread Bridge Company. Associated with Seligman & Com- pany and Hallgarten & Company in the new plan is an underwriting syn- dicate consisting of Speyer & Com- pany and the Equitable pany. This syndicate tod participation the $18,400,000 certificat:s provided under the reorganization, and amount was it immediately oversubscribed. officials, much was done toward 1:- establishment of the property 2 character of the service and standards of physical maintenance which existed prior to the war. than the Baltimore and Ohio Its lines were divided etween 1o less than four regional dfrectors. ii high-grade through business diverted to four other routes so that strat: glcally located sastern fines mighi b kept clear for the rapid movement of fuel, munitions. etc. The road has l!z,o! eturned fully"to normal condi- lons.” As a corporation the Baltimore and pensation for two months, the gua anteed Income for six months, $15.- 189,722, and the net income from operations of the last four months, 977,734, a total of $26,971,172 availe able from use of the railroad. Gross revenues for calendar yeat 1920 were $231,944,434, 27 per cent ina crease. Operating expenses, $226,399,307, an increase of $56,051,276. For the four months September 1 9 December 31, 1920, the net revenus from operation was $11,100.027, anq the net operating income $6.977.75& The net corporate income for the yea: was $7,246,480.