Evening Star Newspaper, December 3, 1921, Page 16

M REAL ESTATE. 3 STANDARD' 61L IN BOLIVIA. SANTIAGO, December 3.—A charter has been granted to the Standard Oil Company of Bolivia to develop and sell petroleum products in that coun- try, according to a Havas agency dispatch received here from La Paz. The company is capitalized at $5,000,~ 000. the dispatch said. TAKOMA: PARK HOMES 000—3-room _and _ bath bungalow. wht . _sewer. (ement basement. Fur- nace. ' $500 cush. ,350—4-room_and bath cottage. sewer and_water. - Valuable lot. Predicted BY STUART P. WEST. Special Dispatch to The Star. 2 NEW YORK, December 3.—This week's stock market has done a good Terms Terms. ~'$7.800—7 rooms, two stores, with sleep. Al improvements, fncluding per foor. street had expected. For more than . garage. | AL improveuents. Auother ot completed, 7 extrs large rooms and sleeping porch. Hard wood floors, fireplace, built-in ~ fixtures Jaundry tubs and many Ho average of prices had been fluctuat- ing, with little drift one way or the other. A large number of individual stocks had gone lower. A much larger number had worked higher, but, taking the average, prices were about stationary and the was quite commonly drawn that the main upward movement, which seem- od to have halted in the early part of L e e Dt November, would not be resumed i If You Are Looking for A NEW HOME INSPECT 1215 to 1223 KENYON ST. COLUMBIA HEIGHTS N.W. s Open and Lighted Until 9 O’Clock Large Lots, 20 by 150, to 15-Foot Alley 8 ROOMS—ATTIC Take 14th Street Car to Kenyon Street and Walk East 11/, Squares Plenty Room for Garages, Gardens and Flowers Only 2 Left H. R. HOWENSTEIN CO. 1314 F STREET NORTHWEST A TG R A e e g U The Sample more m: all improvements, LILLIE & HENDRICK 23 Carre . Takoma. Col. 892-W “The Best Values in Takoma Park” N WEEK'S STOCK FLUCTUATIONS STILL SHOW STRONG OPTIMISM Market Price Level,’ However, Breaks THroggh High of Month Ago Without deal better than professional Wall [#S the immediate outlogk for profits la fortnight previously the general [but by far the greater part of the inference [llke that of the impending merger of Reaction. until there had been something of a thack. In the trading of the last few days stocks representing industries which are in an unsatisfactory state, so far are concerned, have been discriminat- ed against as they have all along, industrial list has mdved ahead, so that to the discomfiture of the critics the price level has broken through its high of a month ago without the predicted reaction intervening. ‘The market has once more become responsive to operations for the ris and to favorable outside suggestions the independent steel companies. No such lively upturn as that of Friday in the steel group has been seen at all this season. The conclusion to be drawn from these experiences is that the market, while differentiating between the %00d and bad in the trade situation, is still_strongly inclined to look upon the bright side of things. One factor which is counting for more all the time is the ability of the railroads, under the present conditions of the investment market, to do their own financing without government aid. Roads Buying New Equipment. The roads with good credit are now able to get a ready market for their securities, and already they have been buying freely to meet their long-de- layed requiréments for equipment and steel. Inasmuch as the equipment companies are entirely dependent upon the custom of the railroads and inasmuch as the steel companies or- dinarily derive a third of thelr bus ness from the same source, the re- vival in railway buying is a power- ful help to the market for these two | classes of stocks. 5 : While serving as a sfimulus to the speculative list, the impending rail- | way financing is not going to be of any benefit to the investment situa- tion. Even now the investment mar- ket has begun to slow up. At this week’s high, sterling ex- change had recovered all the ground) lost in the last two years. It was up | more than 50 cents in the pound from the season’s low reached during the| worst of the selling movement which attended the preparations for the first of the German indemnity payments. This advance, to begin with, reflects | confidence that the reparations com- | mission will not make the costly| mistake they did In June by requiring | Ch Germany to pay in dollars only. It, was this restriction which forced the | dollar up extravagantly and brought about a corresponding unnatural de- pression in all the currencies of Eu- | involved an expensive reckoning to ‘speculators operating for decline in the exchanges. Then as the mark recovered there came the predicted crash in the German security mar- ket, which for months has been given over to frantic buying on the idea that the paper currency would finally become almost worthless, and that the proper course was to convert cash into securities, no matter how ex- ravagant the prices pald. But so far as German exchange was concerned, the upturn in the middle of the week .was not at all convincing. The subsequent reaction was suffi- ciently violent to indicate that there ‘was no great amount of confidence in banking circles that the moratorium proposition ~ would eventually go through. The conference of interna- tional experts cilled to consider the reparations problems may accomplish something or it may not, but as it looks now the one way out which promises much—that is, which seems to have much chance for success—is through a German loan raised abroad on security offered by private indus- trial enterprises. (Copyright, 1921.) WHEAT BULLS CONTROL WEEK’S GRAIN MARKET CHICAGO, December 3—Wheat has advanced In price this week, owing largely to estimates indicating that the condition of the domestic winter crop is the lowest ever met. Com- pared with a week ago, wheat pric this morning showed 13 to 2% cents gain, with corn unchanged to 1% cents lower, oats unchanged to %a% cents down and provisions varying from 12 cents decline to a rise of $1.05. At times the wheat market dis- played activity on a largs scale, with a material increase of trade from the outside. Bullish sentiment was first stimu- laied by reports that smallness of the rice crop in Japan and China would cause buying of wheat for those coun- tries, Heavy falling off in the esf i mated exportable surplus of Austr: lia was also given special attention 1t was only, however, when remark able Kansas crop figures were pul lished, and later when a leading authority here suggested that the United States winter crop, taken as a whole. wonld he reduced to 476.000.000 bushels, as against 544,000,000 bushels last year, that the more decided gains in price for the week were effected. On the other hand. rains in Texas and Kansas, as well as in southern Ar- gentina, tended more or less to ease the market again as the week drew to a close. Predictions that colder weather would bring about enlarged receipts of corn were burdens on the value of worn and oats. Pork jumped much higher owing to scantiness of the stock on hand. Lard and ribs, though, were but little changed. - ASSAILS STOCK YARDS ACT. CHICAGO, December 3.—Contending that the business of traders on the ‘ago livestock exchange was pure- 1y intrastate basiness, and. therefore, not subject to federal legisiation, Les- lie Mayer, counsel for a group of traders, presented his arguments for an injunction against enforcement of rope. { the stock yards act of 1921 in district iS fOl‘ Sale The last Home of this group of Span- ish Villas on Macomb Street, Cleveland Park, to be sold is the sample House. It’s your last chance to get one of these unusually attractive Homes—on _this wonderful _thoroughfare in delightful Cleveland Park. 3214 Macomb St. N.W. One of our representatives is at the House every day and evening to exhibit it. Nine rooms, including dining and sleeping porch-rooms; two baths; floored and lighted attic; finest hot-water heating system—and separate instantaneous _heater. Two-car garage, entrance from wide alley. The closer you inspect it, the more im- pressed you'll be. Take Chevy Chase cars to Macomb street—walking north to 33d place. Harry A Kite Owner and Bujlder - 1514 K St. Phone Main 4846 1101 Clifton St. N.-W. A Comner Home Across From Central High School Any one of those who have been waiting for a house near Cenl:lral High School will find that this offering solves the problem. DESCRIPTION: At the high polnt of Columbia Heights, overlooking the city and opposite the beautiful High School terraced gardens. A corner home, of excellent brick con- struction, with 8 large sunny rooms and a tiled bath; hot- water heat and electricity, of course; hardwood floors; com. pletely screened and In the best condition; convenient to the. 14th St. and 11th St. cars. - IT MUST BE SOLD AT ONCE And Will Be Open All Day Sunday! (Take Either the 14th St. or the 1ith St. Car; Get Off at Clifton—the Number Is 1101) See It as Early as You Can! Break in German Securities. | The proposal for a moratorium for | Germany, which would allow her o | pay future reparations installments | with goods instead of with money, | has been the most interesting contri- bution to the news of the week. It Woodley Road $18,000.00 2 brand-new homes that are the last word in construction and beautiful finish. ngosite Wardman Park Hotel. large rooms, 2 baths, hardwood floors throughout. 2-car garage. No. 2703 Woodley Road Sample House Open and Lighted Every Eveaing Until § 0’Clock. 28th St. at Woodley Road $13,000.00 9 new homes. 7 rooms and bath. Hardwood floors through- out. One-car brick garage. No better construction and finish can be found in a home three times the price. in touch with us. A Coiag divided, ready for sale for buildi 815 15th Street NW. | Woodley Park & Chevy Chase | We are also agents for a great many fine homes in Cleveland Park, Che_vy Chase and Woodley Park. Get W.C. & A. N. Miller REALTORS AND BUILDERS An Ideal Opportunity for Energetic : Developer A Florida Bungalow Colon;y BAY HEAD PARK and several attractive Bungalows, also ‘about 300 acres sub- nificent protected waters opening into ‘balmy Gulf of Mexico, Detailed Information on Rw 4 The F. H. Smith Company court here. “War-time acts cannot peace-time business,” Mr. Mayer de- clared. “During the war Congre was not interfered with in passing laws because of the patriotism of the people, but since the war Congre has gone wild in passing legislatio; apply to Chevy Chase $25,000.00 At corner of 38th and Ingo- mar Sts. we are building a mag- nificent home of 10 large rooms and 3 baths, with double garage. Of stucco construction. Ideal for_entertaining. Beautiful lo- cation. First floor—large cen- ter entrance hall, immense liv- ing room, dining room, kitchen and pantry. Second floor—4 large bedrooms, 2 baths (1 shower), sleeping porch. Third floor—2 bedrooms and bath. Ready by February 15th. Let us show you the plans for this home NOW. Cleveland Park 2739 Macomb Street N.W. 8 rooms and bath. Hot-water heat, screens, weather strips and awnings. $16,000.00 Union Trust Bldg. Concern For Sale or Exchange As an Entirety Washington, ‘ D.C. Real Estate Preferred Property con- sists of com- pletely - furnish- ed Hotel, Store ing purposes—situated on mag- \Grain, Produce and Live Stock|SEE LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per dosen, 66, &verage receipts, 65. t ?k"’ ”“"u”"%".‘fl""i. ml;fl urkeys, per 1b., 4 ; ens, 5] per lb., 27a28; hens, per Ib. :n;: keats, young, each, 60a70. Dressed poultry—Fresh killed spring chickens, per Ib., 28a30; hens, per Ib. roosters, per Ib., 30; turkeys, 48a50; keats, young, esch, 5. Pork—Dressed, ‘small, per lb., 10. Live stock—Calves, choice, per Ib., 12a12%; lambs, choice, per ID.,. 8%4; live hogs, per 1b., 8. Green fruits—Apples, per bbl, 10.50; per bus. basket, £:50a3.25; west- ern, per box, 3.00at50. California lemons, per box, 3.00a3.50; California froiee Yipheto. Fiorida orangen, ¢ e 3] .50, T oran h o Mo per per bbl, 3.00a3.75; per sack, 3.5083.60 sweet v b 3.5084.25. Lettuce, 00150 southern, ery, e tuce, ). Cymblings, per craf 2.50a3.00. Spinach, per bl 1.00al, Onions, DAIRY MARKETS. BALTIMORE, December 3 (Special). —Live poultry—Turkeys, pound, 45; poor and crooked breasts, 35. Young chickens, 26a26; poor and white Leg- horns, 18a20; old hens, 23a26; small and white Leghorns, 18a2i roost- ers, 16. Ducks, 18a26. Geese, 23a30. Pigeons, palir, 20a25. Guinea fowl, each, '40a85.’ " Dressed poultry— Turkeys, pound, 46a48; old toms and Dpoorly "dressed,’ 35a45.” Chickens, 25a oid roosters, 16a18. Ducks, 25a28. Geese, 26a32. Eggs—Loss off, native and nearby, firsts, dozen, 60a62; southern, 68. Butter—Creamery, fancy, pound, 47 a48; prints, 40a50; nearby creamery, 43a44; ladles, 30a32; rolls, 28a30 store packed, 26: dairy prints, 28230 Dprocess butter, 35a36. CHICAGO, December 3. Lower; creamery extras, a43; seconds, 33235 Eggs—Unchanged cases. Poultry—Alive, unchanged. NEW YORK, December 3. Barely steady; receipts, 5,489 tubs creamery, higher than extras, 47 47%; creamery, extras (92 score), 46 46 creamery firsts (88 to 91 score), §8a4s; packing stock, current make; No. 2,'29. Eggs—Irregular; receipts, 10,024 cases; fresh gathered, extra firsts, 62a65; do.. firsts, 55a60; New Jersey hennery, white, extra fancy, candled selections, $0; nearby and nearby western hennery whites, firsts to av- erage extras, 0. hennery browns, extras, 70a72; nearby gather- ed browns and mixed colors, firsts to extras, 55a68; refrigerator, marks, fancy, 40ia4l; do. 38a4 receipts, 1,548 Cheese—Stead 548 boxes; state, whole milk, flats, fresn, pecials, 21a22; do., average run, 20a 20%; state, whole milk, twins, spe- cials, 21a22; do., average run, 20a20% Poultry—Live and dressed, quiet; prices unchanged. —_——— GREAT BUILDING GAIN. New York Reports 11-Month Total 10 Per Cent Greater Than 1920. NEW YORK, December 3.—Building cointracts awarded here during the first eleven months of the present year amounted to $348,473,000, or 10 per cent more than in the entire year of 1920, the F. W. Dodge Company, construction reporters, announced to- day. ixty-five per cent was for resi- dential building. SPAIN TO BORE FOR OIL. MADRID, December 3.—Pedro Novo, a Spanish engineer, acting under or- ders of the government, has com- pleted his exploration of supposed oil layers in various parts of Spain. As a result of his investigations, he has advised that the government begin boring for the purpose of éxploitation of a number of districts in the north- ern provinces, as well as in the vicin- INSPECT HOMES 13th And Spring Road Easy Monthly Payments Hot-water Heat Hardwood Finish Large South Porches 20-ft. Front $1,000 Cash Monthly Payments 6 and 8 Rooms and Bath OPEN DAILY Just East 14th St. Cars H.R.Howenstein Co. 1314 F Street NW. Butter— firsts, 36 standards, 38%. receipts, 1,725 ‘Butter— Hig’h Class Hoines Overlooking the Park 17; | 3. 6.00a | 5 Grape- | P9 Vegetables—Potatoes, new, No. 1,/ % GRAIN AND PROVISIONS. BALTIMORE, December 3 (Special). —Potatoes, new, 160 pounds, 2.75a 35; No. 3, 1.50a1.75; 100 pqunds, 1.50 82.00; No. 2, 7521.00; sweets and yams, barrel, 3.50a4.50; No. 2, 2.00a2.50; bushel stock, 1.00a1.35; beans, ham- per,, 2.00a3.50; ,beets, bunch,. 3%4a4% broeoli, bushel, 25a35; brussels, quart, 10a18; cabb: ton, 20.00250.00; car- bunch, caulifiower, barrel, . .00; celery, dosen, 50280; cucum: bers, crate, 2.50a5.00; eggplants, crate, 2.0023.00; horseradish, bushel, 4.00a Lettuce, basket, 1.00a3.00; onio 100 pounds, 2.00a6.00; oysterpla: bunch, 5a7; parsnips, bushel, 75a80; 2 holmner. 4.00a5.00; peppers, crate, ki squash, crate, 3.50a4.00; tomatoe: %ne. 4.0027.00; turnips, bushel, 35a packed, barrel, 5.00a8.00; 0a5.00; bushel stock, 1.00a box apples, 2.25a3.76; loose, 100 pounds, 2.00a2.50; cranberries, barrel, 20.00225.00; grapefruit, box, 2.50a4.00; oranges, box, 3.00a4.50. Closing Prices at Noon. ‘Wheat—No. 1 red winter spot, no quotations; No. 2 red winter spot, 1.18%; No. 2 red winter garlicky, spot, :..lldC*‘: December, 1.16%; January, 1.18 Sales—Bought of No. 3 red winter sarlicky at 1.123% per bushel. Corn—Cob corn, old, yellow, quoted at 2.70a3.75 per barrel. Contract corn, spot, 59%; track corn, yellow, No. 2 or better, old, domestic, 70. Bales—2,154 bushels of No. 3 yellow at 58% per bushel. Apples, No. 2, 4 2.2 Oats—White, No. 2, 44 per bushel; e No. 3, 41%a427% per bushel. Rye—Nearby, 80a90 per bushel; No. 2, western export, spot, 97 per bushel; No. 5 no quotation. Hay—Receipts, 62 tons; range from 16.00221.00 per ton, with a moderate demand’ for fair to good quality of timothy and mixed hay. _Straw-—No. 1 straight rye, nominal; No. 2 straight rye, nominal; No. 1 wheat, 13.00; No. 1 oat, 14.50a15.00. CHICAGO, December 3.—Wh started from % to a cent lower on the Chicago Board of Trade today, main- 1y because of reports of beneficial snows and rains over some of the dry ctions. of Later there was a strengthening tendency in December on word from the seaboard that export demand showed signs of reviving, but the de. ferred options continued weak and at the end of ‘the first hour May was 1.16% and July 1. . Corn was fairly strong despite the condition of the wheat market, ex- port demand being the chief factor. First prices were unchanged to % lower, with December 48% and May 54% to 54%. Oats opened unchanged to % higher, December being. offered at 32% and M2y commanding 38%a38%. - Provisions were dull with the pack- ing house strike in prospect. In lard, January and May started 2% higher at 8.52 and 8.92, respectively, but quickly lost 7 points. May ribs show- ed 7.75, a decline of 2% early in the session. > Potatoes—Receipts, 40 cars U. S, shipments, 4,650; slightly strong- er; Wisconsin round whites, sacked, 1.60a1.80; bulk, 1.70a1.90; Minnesota round white, sacked, 1.65a1.8 Red river, 1.50a1.60; sand lan Ohlos, sacked, 1.50a1.75; Idaho ri sets, sacked, (one car), 2.10. CHICAGO LIVE STOCK MARKET. CHICAGO, December 3 (U. S. Bu- reau of Markets).—Cattle—Receipts, 1,000 head. Compared with week ago, beef steers strong, mostly 25 to 50 higher, with good to best little changed; ‘fat she stock, 25 to 50 higher; canners, strong to 25 higher: bulls, about steady; veal calves, 50 to 75 higher, with desirable stock mostly 25 higher and others little changed. 6,000 head. Fairly eady to 10 higher than s average; holdover light; 7:25 for practical top, 7.0 bulk, pigs, steady to 10 higher; bulk, de- sirables, 7.10a7.15. \ Sheep—Receipts, 2,000 head. Com- pared with week ago, fat lambs and sheep mostly 50c higher: yearlings and feeder lambs, 50 to 65 higher. J. B. WILSON IN NEW POST. BALTIMORE, December _3.—Joseph R Wilson, brother of former President Woodrow Wilson, has re- signed as vice president of the United States Fidelity and Guaranty Com- pany to become head of the newly formed development division of the Maryland Casualty Company, with headquarters in this city. He has al- ready assumed the duties of his new t. Mr. Wilson came to Baltimore in 1913 to become manager of the devel- opment _department of the United States Fidelity and Guaranty Com- pany. and_afterward became vice president. -Since October, 1920, he has been in charge of the company's Wash- ington office. Mr. Wilson was edu- cated in the south and was for some years engaged in newspaper work in that section of the country. EGG PRICES TUMBLING. NEW YORK, December 3.—In- creased production of New Jersey hens this week sent the egg market tumhllnfi. fresh white eggs being quoted at a top price of 75 cents a dozen wholesale, a drop of 18 cents. Pacific coast eggs brought the same prices, whereas a year ago at this time they were quoted here at $1.06 and $1.08 a dozen. N. Y. TO FLOAT BIG LOAN. NEW YORK, December 3.—New York city will open bids December 15 for a public offering of $55,000,.000 fifty-year corporate stock, the first long-term loan floated by the city since the United States entersd the war, Controller Craig _announced last night. Tae securities will bear in- terest at 4% per cent. —_— BAR SILVER QUOTATIONS. NEW YORK, December 3—Foreign bar silver, 67; Mexican dollars, 51%. LONDON, December 3.—Bar silver, 3734d. per ounce; money, 2% per cent. Discount rates—Short bills, 3% _er cent; 3 months’ bills, 3 11-16 per cent. top, 8 rooms, 2 baths, shower, ‘double garage, enclosed eleeping porches, open fire- places, quartered oak. floors, excellent equipment and fin- ish; wonderful values. Easy terms. Open daily till 9 p.m. . 90th and Park Road NW. - Kennedy Bros., Inc. FINANCI KING THE SUBNORMAL, FAIL TO OBSERVE NORMALCY Special Dispatch to The Star. NEW YORK, December 3.—Busines: in many lines in the United States has returned to nmormal, but busin men in the majority of cases do not know it. Consclously or unconsciously, they are basing their comparisons not on normal years, but on the abnormal years, when the war and its aftermath overrode ordinary condition They have been walting not for the return to normal conditions, but to super- normal conditions, and, consequently, have failed to observe the return to normaley. The real candid opinion of mer- chants, manufacturers, bankers and business men, as reflected in business dispatches received within the last twenty-four hours, might be expressed in that line volleyed across the foot- lights by Frank Tinney, “not so bad— but not so good.” In other words, nor- mal. It is true that producers and dealers can no longer sell anything 'or any price they are minded to ask. They can no longer seize the custom- er's bank-roll, toss it blithely in the air and sa; “What sticks to the ceil- ing is your change.” But the buying public is not cramped for money. It can buy, and will buy, provided it i convinced that it is getting value re- ceived for, its money. Likens Trade to Foot Ball. A big manufacturer, who in his day was one of the greatest halfbacks the eastern gridirons ever saw, outlined the business situation today along those lines. “Most business concerns nowadays,” he said, “are like a_ foot ball team that has had no opposition, which has lined up only against op- ponents incapable of showing either its strength or its weakness, and which is living_on its reputation of last season. When such a team meets real opposition it is likely to go all to pleces, not from real weakness, but from surprise that the old de- pendable tricks and plays no longer seem to work. After a few stiff games such a team begins to find itself and work out a system which will bring it victory against real opposition. “Business has been getting stiff practice lately and is getting back into form. No business house can count on a walkover any longer. Com- petition has returned, real competi- tion, which makes the game and the winning of it worth while. As soon as business men recognize that it is competition and not depression that they have to overcome, business will be back at normal.” More Building in Progress Traders in Many Lines Realize, However, Tl)ey Can No Longer Count on Easy Money in Business. clal).—The twelve weeks sale campaign of the Saerwin-Williams Paint Company oW/ decided improvement in de- mand for paints over a wide section of this country. The latest improvement was in New England, with the Kansas City territory second. Steel. MINGO JUNCTION, Pa., December 3 (Special).—The Carnegie Steel Comp- any. having started up two furnaces last week, has resumed operations in the blooming mill and bar mill, employing a large number of men who have been idle for a year. Non-Ferrous Metals. NEW YORK, December 3 (Special).— The demand for tin has become more marked during the last few days with rising prices. This is attributed to the increased orders for cans by fruit pack- ing concerns in anticipation for next season. Notes. KANSAS CITY, December 3 (Spe- cial).—Seven thousand packing house employes here have announced their readiness to strike against wage cuts if they are called out by their ni tional organization. The packers say thousands of unemployed men have applied for employment in place of union employes if the strike is de- clared. NEW YORK, December 3 (Special). —Wreaths of holly will cost more this Christmas and many of them will be far less attractive than usual. The holly which is coming from New Jer- sey, Delaware and Maryland, is al- most bare of the red berries which form such a striking contrast with the glossy green leaves, and dealers are sending as far south as North Carolina to fill the demand. Last year holly sold at $8 to $9 a case whole- sale, and this year the price has jumped to $15 to $20 a case. Some merchants are having artificial ber- ries put on their wreaths, WEEK’S COTTON MARKET SHOWS DECLINING TREND NEW YORK, December 3.—The cotton market showed a declining tendency during the greater part of the past week. January contracts which had sold up to 18.50 just be- fore Thanksgiving day were as low as 16.92 during today's earlier trad- ing, compared with 16.08, the low level touched earlier in the month. There has been nothing to indicate any material pressure of spot offer- The truth of this man’'s statéments | ings during the progress of this de- is own in scores of industries.|cline, but the south has evidently More building is going on throughout | 80ld "freely enough to supply the the country by a large margin than| immediate” demand, and there has was under construction last year.| been liquidation by recent buvers The volume of Christmas buying is|in the futures market. The latter has fully equal to® the normal holiday | been ‘attributed tc disappointment period, even though lower prices have | Over the failure of trade demand to reducéd the money turnover in com-|Sshow any improvement of consequence parison with the boom years. Drugs|and to the failare of Liverpool to and chemicals are moving in a much | maintain its recent advance. more satisfactory volume, now that| In the domestic goods markets de- price adjustments have given sta-|mand has remained quiet owing bility and confidence to the market. . it is believed, to a desire to The usual slack season in the auto- | keep jobbing and wholesale stocks mobile trade has been notable by its| down until the taking of year end absence, and tire manufacturers are | inventories. Under these circum- adding to their payrolls in order to | Stances, domestic spinners are said to be prepared for the demand plainly | be showing little interest in the spot to be foreseen. Sensible buying is| market, and the business reported 1y in evidence, with the de- [ pending in Lancashire a week or ten mand for household goods, furniture, | days ago does not appear to have shoes and other necessaries on the | materialized. increase. Lumber prices are up and | These features have held fresh buy- demand | Ing in check, but there has been buil= which ev not | ish comment on the rally in foreign checked. q“he renewal of activity in| exchange and the pink boll worm Shoes. the mroduction of clay products also | ituation, which probably led to some has been marked. buying and contributed to the steadier New oil territory is being explored | tone of the market toward the end and exploited, production is being in- | of the week. creased and failroads in oll territory e are a ng to their maintenance N forces. Steel mills are slowly but COTTON MARKETS, surely bringing their output nearer| NEW YORK, December 3.—The cote to capacity, and the coal and coke |ton market opened steady at an ad- situation is improving, although |vance of 7 to 13 points under further much still is to be desired in those | covering for over the week end, and lines. scattered buying, promoted by feports ‘Wholesale and retail trade through- | concerning the pink boll worm situ- out the entire country is marked by {ation in the southwest. more op- conservation, and yet with confidence, | timistic feeling over the results of and unemployment, decreasing slowly | the Washington conference and bull~ but steadily, is reaching the stage|ish comment on the week end figures where it is no longer a bugbear. which had inspired some buying yes- terday afternoon. The bulge met some 2 realizing, however, and a little south- Commodity Reports om_sellie, “under” which prices” noon H H eased, witl january selling of rom From Various Sections !17%5 "1 16, or about I'boints be- low last night's closing figures. Mackinesy. Futures opened stead: NEW_ORLEANS, December 3 (Spe-|17.40; January, 17.2 clal).—The Ward liner Guantanamo, | May, 16.92; July. 16.50. sailing today, will carry the last of an| Futures closed steady order of 100 freight cars to Vera Cruz for| 17.52; January, 17. the Mexican National Rallways. The| May, 17.10; July, 16.63. cars were built by the Magor Company |~ The market was firmer later on re= of Passaic, N. J. ports that non-cotton producing zones would be established in all sections of Toys. Texas infested by the pink boll worm ST. LOUIS, December 3 (Special).—|and further covering for over the The movement of Christmas toys which | Week end. January sold up to 1 B T o B8 | Braticer iosing Bieady At & Set ads market closing steady a > yrslcmol & toie ‘L‘lm jandizaried: wvance of 22 to 27 poins, Rukber. Spot cotton quiet; middling, 17.80. 3 D —| NEW ORLEANS, December 3.—A: T oo ymecember 3 (Special)-—3 | vances of 13 to 15 points were made a call to all former employes to return | by cotton today in the first halt hour {o rork “This move i dus to lmproved | of the, session. much of the buying ts. busintey Drosvects ment that the Louisiana quaranti against Texas in the matter of the pink boll worm would be lifted in so COEATTLE, December 3, $pecial)-— | tar as lint cotton from non-intected fallea to. stimulate sales, Manufac. | S[S48 Was concerned. January rose to o e 16.53. Shorts were inclined to cover of betwaen 25 and 50 cents a pair since [OVgr, the week end. oo July 1. while the retailers’ reductions | ;50" Srnuary 1640 March - 1653: bave been from 31 to 32 & pair. May, 16.47; July, 16.08. 2 om. ——— NORFOLK, Va. December 3 (Spe-| NEW YORK BANK STATEMENT. cial).—The new ofl bunker station of| NEW YORK, December 3.—The the United States Shipping Board at|actual condition of clearing house Craneys Island now is ready for business | banks #nd trust companies for the with two finished tanks full of ol week shows that they hold $17,987,800 Another unit will be ready to supply [reserve in excess of legal require- fuel December 5. The plant cost $1,000,- | ments. This is an increase of $3,45 000, 390 from last week. 3 ——— Canned Goods. FOREIGN EXCHANGE. CHICAGO, December 3 (Special).— Staple canned goods has been steady for | y SqunF checkadollar yulues at close todsz, corn, peas and salmon. There has been | paris 7 slight drop in tomatoes. Buyers have | Brusseis - shown little eagerness. Beriin Paints. Yol PHILADELPHIA, Decomber 3 (Spe-| Athens LA S e TR . By the Associated Prees. 2801 28th Street NEW YORK, December 3. 1 S iexchange, irregular. Great Britain, ‘WOODLEY PARK demand, 4,04%; cables, 4.05%; sixty« y Furni: day bilis on ks, 4.01%. demand, 7.28; Practically new house. Im- demand, 4.25; cables, . mediate delivery. Two-car ga- rage. Near Wardman Inn. demand, 7.0: demand, .45; cables, .45%. Holland, demand, 35.64; cables, 35.7 Norway, demand, 14.37. Sweden, demand, 23.78, Main €835 Denmark, demand, 18.65. Switzerland, ‘oodward and ‘demand, 19.15: Spain, demand, 13.98, 2% or ser - Tt % |G Argentina, de Greece, demand, 4.07. Brazil, mand, 32.37. demand, 13.06 Mon! ——e NEW YORK, December 3.—A small but substantial reduction in wholes sale prices of shoes is announced by one of the largest manufacturers of shoes_in Brooklyn following the cent decision of the arbitration to lower the wages of shoewor 10 per cemt. A reduction in re prices of shoes is expected to be ane nounced by large retailers about Jane uary 1. It is expected that the des cision will have a large influence og prices elsewhere. —— PARIS BOURSE ACTIVE. PARIS, December 3. — Trading ‘was -