Evening Star Newspaper, December 6, 1921, Page 24

FINANCIAL. MOTORS ARE Fl 'STEAMSHIPS Continued. Speclally _conducted 10- dny trip. Teave Deg. 20.! neglected. | These specialty nearly all upward. | Motor stocks and the rubber and tire shares were the favorites, and the leaders of these groups. ltke Studebaker, Chandler Motors, Willys uUverland preferred, United States Rubber and Goodrich, all went through their previous high points for the present swing movements to the move in the motors and re- lated stocks was that it went ahead despite reports that the motor com- Ipunies are not as busy as they were jin the early autumn. This is merely | another illustration, among many that }the stock market is not interest:d so much in_immediate trade conditin las it is in the outlook for IS NI\SSAU k'] s\ [the forecust for mext year for the {antomobile business is altogether vp- ! timistic. Action in Exchange. { German marks were prompt to re- {spond to the report over the morning jeables that Germany might be al- lowed three years' grace in its cash payments upon reparations account. This story came as a surprise in view of the supposed opposition of France to any proposal to concede anything at all in the matter. The suzgestion was that in return for France's yielding on this point Great Britain and Belgihm would be ready to turn over some of the billlon-mark payment of last August, In which, ac- x'prdlnx to the original agreement, the | French are not to share. The mark | had closed last night at .0044. It sold this morning as high as .005 H rench francs at the same time ntinued their recovery, which now mounts to over half a cent in little jmore than a wee! They sold today !at the highest in three months. tis suffi ent proof that i modis fof Gurman tnot be prejud 1 sition of Franc In this charming little British colony, it never rains in Winter—it's never hot or cold. Fine | Bathing, Golf, Fish- ing, Tennis and Splen- did Hotels. MURNSOR Sterling rose to 4.07, a new high. Lehigh Valley. to Nassau_ and kastern Steamers Munargo (new) Munamar leave New York Sat urdays beginning December 3ist. arriving Nassau Tucsday morning. that some new and nouncement regarding the company's coal property segregation plan about to be made. The plan, as an- Inounced by the Lehigh Valley several favorable an- months ago, met with federal objec- tion, but the belief is general that the rough spots are being smoothed out and the way set for the melon cut- ting. Under the segregatrn plan, as it was first made public, tae railroad would receive preferred d.vidends of $2,100,000 annually, or practically the average of the amounts received Send for Rates and Booklet. UNSON STEAMSHIP LINES 67 Wall St., New York City or Any Tourist Agency. = RWEGIAN NO -SCREW ST . Jan el ithe coal .properti famounting to $13,5 { Lehigh Valley railroad was placed in paid EW Z N HONOLULU, SUVA, AUSTRALLA The heavy selling of St. Paul stocks « Paiatial Passenger Steumera vesterday and again today has nat- R.MS. “Makura” {urally started discussion Yas to the 300 Tons- ability, of the road to coyer interest payments. There can scarcely be much doubt that such deficiency as there was would be made up by bor- rowing, if necessary. But, in_the meantime, the fact is that St. Paul is not earning its fixed charges. At the present rate it would only earn 155 per cent of them during the twelve |calendar months of 1921, while even For Sail from Vancouver, I ‘ar fares and sailings appiy Canadiun Pacific .. 1419 N Washington, of to B. 'under the new regime—that is, the ifiscal year ending_June 30, 1922—it would be earning 95 per cent. The in- crease in net operating income fron 1 $2.382,000 0 in September to $2,510,000 Juxuriously ap- |&ain called for.~ Under these circum- ointed steamers of | 1 tons di snent rom 100k quite unattractive cail. : of their attraciivon i New H Pennsylvania Seft. ! Pennsyivania sold below 34 for the jfirst time since lust apring, when it ireached 32%. This selling reflected S. S. Vasari Dec. 10 he anticipat! of further unfavor- S.S. Vauban [able action on the dividend, in view Dec. 31 of the fact that the road, even Wwith S. S Vestris |lie change for the better since the st . S. Vestris |of July, can scarcely be said to be Aires 0 3 an. 21 s for all covering its fixed charges. FINANCE AND TRADE NOTES. The Federal Reserve Bank of New York has announced that Charles Smith of Oneonta and Frank L. Ste- vens of North Hoosick have been B {elected a8 class A and class B direc- tors, respectively, by member banks {of group 3. The term is for three H years, beginning January 1, 1922. {ceding Christmas and New Year. SreCIAL ! Exports through Baltimore port for k ended December 3 totaled $2,- MEDITERRANEAN |57 SA“.'NG.’ lued at $536,940, showed a decrease - 3 e caco of $321. Free imports wo TO MADI IERALTAR. MONACO | | > X ere val- RO ey {ued at $417,947 and 355,993 dutiable. C a RON]A Directors of the Washington, Balti- more and Annapolis Electric Railroad December 7 ivompany will meet Friday to declare 1deal for Tndependent Travel jthe usual quarterly dividend on pre- { terred stock as well as the now gs- rafts and Foreign Money Orders } ¥or Sailings and Full Information Apply itablished 1 per cent quarterly dis- ice Imports. tv IR tribution on common. During the last ten years American Tce (?omp;ny l;as been steadily de- creasing its natural ice business " Washington | increasing the manufacture of e {ficial ice. which has made the busi- {ness largely a manufacturing propo- {sition, with water for the raw mate- Sournampton. rpool. irial. ' The company now o about forty artificlal plants in fee states. : New York. New Y Cherbourg, York, u. Azores, Naples, Genos, Quebes, - Liverpool. ork, Bostor Montreal. North The rman Lloyd = w shortly make a . strenuous “bid For werld shipping honors. February 11 it will begin a direct passenger serv- ice {rom Bremen to New York. It ihas leased a pier in Hoboken. STEAMSHIPS ROYAIT..0 MAIL BERMUDA S ew York. Plymouth, Cherbourg, Antwerp, Hamburg, Libau. Dunzig. AMERICAN LINE New York, Cherbourg, Hambury, Danzig. . For sailings and other information poly. INTERNATIONAL MERCANTILE MARINE CO., peci: Christ Saili Triple 6 PR tupe “Orbita” T Il From New York, Dec. 22 Weekly Service throug| the Win. 1| " ter by Patatial Cruising Steame: .Dee. 14 Jan. 18 Feb. 21 “ 99 17,500 Te ew 23 Feb, 11 Mar, 11 i ‘Aragua; Pt "":",,,::'3 | . Dee s!ra . 28 Mar. 4 s !::fi-y 3 F —_— N ————Feb, 16_Mar. 23 THB‘ “ARAGUAYA” is the la A BOURDON EW YORK_VICO=m_HAVRE | tarosst vieev.. Dee. S|} 5, Winter rates now in effeet on ths service, in. suring to passengers every comfort and iurury. Regular sail! to EUROPE the fa- egular sallings, to B by the fa an 17 First Sailing Jan. 4, from N. Y. JKOPOLDINA OURS in ALGERIA &MOROCCO Sailings from Bordeaux or Marseilles el "Three and Four Week Motor Trips s 0TI Write for imteres tive literature. The ROYAL MAIL | STEAM PACK'E;.[‘ (':0. 26 Broadwa 5 ey Youk Or Any Steamship Ticket Agent IMP. 1419 Now York Ave.. Wi 3 | the rest of the list was comparatively | Am Hide & Lea. were | Am Iiiternational. The principal significance attaching’ This | Bklyn Rapid Trn.. whatever | Bklyn Union Gas.. ation may be made in the mode | Burns Bros. . indemnity payments will | Butte Coppe: cial to the financial po- | Butte & Superior. . | { H +{ Californiu Pok. .. T ! Tiie action of Lehigh Valley in the|California Petrol.. stock market gives every indication | Callfornia Pet pf.. 84 in | Chi-Great Wastn.. 7 dividends | Chi 000. As a result{Cni RT & Pacific {a strong cash position and has been |ChiRI& P 7% bI.. ble to make heavy charges to main-| Chi St P M NEW YORK -STOCK EXCHANGE Recelved by Private Wire Direct to The Star Ofiice. Amlce...... “Am La France. Am Linseed Am Linseed pf. . [ Am Locomotive... 9% 9% Am Radiator. . 88% Am Safety Razor.. ©“ u Am Steel Fdy pf... 8% %% Am Sugar. 54k 5% Am Sugar pf. . 8% 86 Am Sumatra...... 32% 8% A Sumatrapf... 2 72 AmTel & Teleg. .. 11 Am Tobacco. ... Ala Tobacco (B). ) “ Am Tobacco pf (n) v8% 9% Am Wholesale pf.. 94 Am Woolen 7 Am Woolen pi. Am Zinc & Lead. Ann Arbor pf Anaconda. . Assets Realzn Asso Dry Goods Asso Dry G 18t pf. AssoDry G 2d pf.. Atchison. . .o Atlanta Bir & Atl. Atlantic Cst Line. . Atlantic Fruit Co.. Atlantic Gulf. . Atlantic Petroleun Atlantic Ref pf. Baldwin Loco. Balto & Ohlo. Balto & Ohlo pr. Beth Steel...... Barnesdall (B) . Beth Steel (B).... Beth Stecl 3% pf. Butterick Caddo Oil. . Calumet & Ariz. 56 Canadian Pacific.. 118% 119% is | Carson Hill Gold... 2% 12K Central Leather... 30% 31 Central Leathpf.. 64 6% Cerro de Pasco.... 3% % Chandler Motor... 43 0% Chi & Alton 3 4 Ches & Ohlo. . BT ET% C&EstnIllwi... 16 16% C&EstnIlpfwli. 3% %% C & Estn 111 pf “tf. dividends from the Lehigh Valley | Chl Great Wpt.... 114 178 - e s Coal Company awd Cox Brothers for | Chi Mil &St P Tt e Denmark, Germany | the three-year period, 1917-1919. Last | Chi Mil & § sh % Sweden, Denmari FEFMAny | v, in_ anticipation of segregating, | Chi & Northwn.... 6 6 ChiRI& P6s%pl.. W2 Tk 4% 89 Oopf.. §1 & { Chile Copper. ..... 12% 1% jCCC&StLouls.. 48 48 Coca:Cola 8% 384 Colo Fuel..... 2% = ColGas........... 6% 6% Col Graphophone.. 3% 44 Col Graph pf. . 17% Comp Tabulator.. &% & Cons Cigar. .. . 20% 21 ConsintiCalMin. 6 6 Cons Textile. 1 Cont Can. a1 a Cont Insur: ® e Corn Products 89 8914 Corn Products pf..108% 108% i Cosden & CO...... 83% 3% { Crucible Steel. Cuban-Am Sugar.. Cuba Cane Sugar. . {in October was less than the seasonal | Cuba Cane Su pf. yassen- | stances the St. Paul stocks are made | Del Lack & ¢ 4 from a! Bik Horn Coal. ... ~- | speculative standpoint. to say nothing | Endicott-Johnson. s investments. | Erie. | i i Fisher Body of O pi Freeport Texas. Gen Asphalt. Gen Asphalt p{ ! The New York Cotton Exchange |Greene-Cananea.. i voted to close on the Saturdays pre- | Guantanamo Sug.. se of $1.535,867 over | Hendee Mfg. i Gen Motors pf.... Gen Mot 6% deb... Davidson Che: F Famo! Fed Mines & Sm. .. Fisk Rubber. Gen Mot % deb... Goodrich. Goodrich pf. Granby Consol Gray & Dav . 10 10% Great Northern pf. 6% 7i% Great Nor Ore. 42% 33 26% ™ ™% Gulf MO &N pf.... 18% 18k Gulf States Steel. . Hartman Corp.... Haskel & Barker.. Houstor Vil . Hupp Motors Illinois Central. Indishoma..... Inspiration....... 3% 28 Interboro Metro. .. - 1% 1% InterboroMetpf.. 4% 4l Inti AgriChem.... 9 9% intCement....... 2% 2% Intl Harvester.... 8% 8% Inti Mer Marine... 16% 16% Int] Mor Marine pf 67% 6% Intl Motor Truck.. 21 29 Intl Truck 1stpf.. 7 Intl Nickel. . 1 Intl Paper. Intl Paper (sta)... 8% Invincible Oil. 12% Iron Products 2 1sland Oil 2 Jewel Tea. . 1% Joties Tea. 2% on Kansas City Sou.. 24% 2% KunsasCSoupf... s% % Kansas&GuifCo.. s 8 Kelly-Spring Tire. % 4% Kelly-Spring 8% pf o1 61 Kennecott. . . %l 2% Keystone Tire.... 9% 10% Efstze 88,1 1 Rresge (8S) pf... 16 105 Lackawanna Steel 7% 4% Lake Erle & W pf. %% 2% Lee Tire & Rubber 28% 29% Lehigh Valey.... 6% € Liggett & Myers.. 160 160 Liggett & Myrspf. 110 110 Lima Locomotive. 2 2 6% Marland Oil. . Mathison Alk e] ), . May Dept Stores.. 834 May Dept Stor pf. . 106% Mexican Pete. 28 1% 8% % 2% 2% 3 » @ 58% Mont Power pt.... 00 100 Mont Ward 4% W% Mullina. 3. 2 NatrAcme.. . % 1% 350 Wi exnens “;rm,"rf\"'n;&«"sf' ' ‘ Adams Expre: o’;u m’:fi' u;‘ Bond bld i oo ____ W B A ‘Aav Rumley. B o= 1 CLARK’S 18th ORIENT CRUISE AtrReductiqn,... 4. L. 4 Ajax Rubber. 18% 1% 18% A B T L e e Allied Chemical... 5% 58% 66% P8 fava in Beypt an . o A 0" and up, Includ‘ag Hotels: Allied Chemical pf 1004 100% 100 T nd Lon: Specialti .l A Allls Chalmers. ... ¥4 W4 814 = —. n Agr em . . a1 pecialties Interesting AmAgrChempi.. & Wk p i m Bank Note.... 85, & 5 Their Action and Outlook. |Am Béetsugar ‘% @% Higher, | [ 2 P rake Shoo i B Exchange Higher. Am Brekeshasof. s 9% W4 N . m Can. 821 BY STUART P. WEST. Am Can pf Friai-<4 NEW YORK, December 6—The|Am Car'& Fdy. BN 5% stock market today was loss active | AmrGhicle Co W gk and interest narrowed down to a ttonON.lD 2 2 ; dozen or so fndividual stocks, while | 47 Dragglats- B e 258 5 18% a% u% 81 113 9% A% 2% 1% 4 Eszg358aans B s §agnsesy Eanyengyeys |Washington Stock Exchange | 8ALES, W Gas /500 at 90%. e B oy G a1, 000 o5 6% . 3 : Open. High. Low. 1:45. Potomac Electric g. m. and ref. 78 (w. 1)~ (ljnnhlna by Redmond & Co.) 1o 1z 18 12% 35000 1 U (Holat 00 SO0 8 ot U. 8. LIBERTY BONDS. e o o 24, $10000 at 1041, $1,000 at’ 104%, 31,000 St vbns 2 % 9% 8 9 agton Ratlway and —{U. 8. Liberty 1st 17, at 37, 20 8 at 37, 25 at 87. 3 i ":,}2 | Fam and “rost—1o" at ‘Mergenthaler Linotype—10 af L. L6, 6 . 6% 6% AFTER OALL. W % T “ lmmnthllflr-bl.IDIJH at 130%, 5 at : : J g :“ 'Wl-nhl-(lou Raflway and Electric 45—$2,000 2 2 82 2 |“Doion Savings Bank—10 at 112, 5 at 12 g, OTHER BONDS. X . 4)— ich Government 8s 1945. %% | N Y Shipbuilding.. 13! 3 iom 7 5 31 | Norfolk Boathers. s s B% 13| Soaey—cail loans, Gad per cent. o % e % oM BONDS. 6K 46 45 :'& Bid and Asked Prices. 0% w0% @ JTILITY. 814 §1% 8% 8% et Bid. Asked. - 6% | Nova Scotia Steel, 268 26% 25 = 25% | American Tel. and Telga. 4 183 |Ohlio Body & Blow. 8% 8% 8% 8% |4qmerian 're:’. 1".1. Te° . 4! 12% | Oklahoma Prod. oo s A Tel. and Tol.. conv. 8 9% 9% W 9% i an o % 2% |G Ne T 8% 8% 8 8 City and Bubyr 107% con e o ot Georgelomn 1302 my nuk% 1% 1 etropol - it ot e % | Pan-Am Poto (B). i 4Tl 46% 6% | botomac Elec. Fower §. m. & - S, Evnnsyiva e e iz 1 |Rabee R LSV = B8Y, nnsylvania. U% o in ¢ = 12% | Penn 8eabd il ‘Waskiogten Gas Us,.. u% 98% | Pes 66% | Pere Marq pt... 8 | Phila Company. 23% | Phillips Petroleum 71% | Plerce-Arrow. 116% | Pierce-Arrow pf. 1384% | Piorce Oil. . 130 . 8% "o | Pitts & WVa 81% 108% | 1 25l 6% i «a s B 89% 1% 5% A% 2% 9% 8 bi% 52 .Y 67 104% 7 72 us 13 1% 30 12 0% “l Y 55 19% 12 81 % % 50% 4 L4 16 8% % 7 ™ 2% L] 9 82 iy kel 17 63 n | 104, e Nh 1% 4 o7 9 26% T 18% | 9% 4% 8 % 4 9% .|25.25; heifers, choice, 6.2526.75; fair to ‘¢ Marquette... Pierce Oil pf. Pltts Coal. . Pond Creek Coal.. Pressed Steel Car. Producers & Ref. ... Pullman Co. .. Punta Alegre ;:‘rle Oil 5 way Stl Spr. Ray Con Copper. Reading... Reading 2d pf. Replogle Steel Rep Iron & Steel Iron & Stipf.. Rep Motor Truck.. Royal Dutch. . 8t L& San Fran St Louis Southwn. 22 =z :’: fl’: StLouisSownpf.. 33 33 33 3 Saxon Motors. 2% %% 2% Seaboard Air Line. Sears Roebuck Sears Roebuck pf. Seneca Copper..., Shattuck-Arizona. 7% Shell Trad & Tran. 33 Sinclair Oil....... 224 Sloss-Sheflield pf.. 7413 Southern Pucific.. $0'% Southern Ratlw 19% Southern Ry pf... 414 Stand Ofl of Cal.... 90% Stand Oil of N J... 1881 2% 80 90 ko 2% % 4 8% Stand Ol N J pf. Steel & Tube pf... Stern Bros Dl‘.’ . 20 g 0 Stewart-Warner. . ko 24 % Stromberg Carb. 3% 32 38% Studebaker. . . 8% T 8% Submarine Boat. . 5 4 5 Superior Ofl. . 7 7 Tenn Coppe: 10 10% 10 10% TexasCompany... &% 4% 4 4 Texas Gulf Sulphur 3% S¢4 33% 33% Texas & Facific... 24 4% 2 4% Texas& PC& Oll. 29% 28% 28% 29 Tide WaterOil.... M7 10 147 130 | Tobacco Prod..... 9% 0% 69% 60t TolStL& Westn.. 16% - 16% 16k 16%s! Trans Contl Oil. 12 12 M M| Trunsue & Wilms. 33 £ £ ks Unlon Oil....... L 197 1) Union Pacific..... 153% 17 125% 121 | Union Tank Car pt 103 United Alloy Steel. 2% United Drug. United Retall Strs. 55% 5 o UBCastirPores & 5 boe iy USFoodProd.... 10% 11 104, 11 USIndusAleohol. 37 3 % 364 U S Realty. . 5 B8l B8 bk U 8 Rubber % 8 6% 65 US Rubber 1st pf. 9% 99% 90% - 99% USSmelt Refpf.. 21 6 €% 4 U 8 Steel. . B3% S0 &% &% USSteel pr. 38 113% Utah Copper. 9% Utah Securities. .. Vanadium Corp... % % = | Va-CarChem..... 28% 30 2% % Va-Car Chem pf. LT Wabash... < it Wabash pf A 2t Wabashpf B A3t | Webber & Hellbrn 1tz Wells-Fargo Exp. L) W 3 &7 | Western Md ! Western Paci Western Pac pr. Western Union... Westhse Air Brk. . Westhse E& M, .. Wheeling & L E pf 1415 i White Motor. 0 a0 White Oil.. 12% 1% Wickwire Spencer 14 M Wilson Comipany.. 30 30% Wilson Co pt. % 0% Willys-Overland.. 64 64 Willys-Ovid pf.... 2% 32 ‘Wisconsin Gentral 27 27 Woolworth:...... 128% 123% 123% 123% Worthington Pmp. 4% &% &% 4% E High. Low. Last. Call Money..... &5 44 'S5 BALTIMORE LIVE STOCK. | BALTIMORE, December 6.—With moderate cattle receipts yeu(erdayl the market was active at the open- ing and closed strong at last week's | prices. There was a light supply of sheep and lambs, with a higher mar- ket.. With a fair supply the market on hogs was lower, while calves were higher. with the light supply. Quota~ tions for the week follow: Cattle—Receipts for week ended noon yesterday were 2,342 head, against 2,241 head last week; 97 car- loads for market for the week; steers, cholce, 7.50a8.10; good butcher, 6.50a 7.50; medium, 5.50a6.25; common, 4423‘1 526.00; common to medium, bulls, choice, 4.5025.00; fair 5024.26; common to medium, to good, 3.26a24.00; common to medium, 1.00a2.7] Sheep and lambs—Receipts for week ‘erided noon yesterday were 4,722 head, against 3,284 head last week; sheep, 2.0025.00; lambs, 6.00a11.50. Hogs—Receipts for week nioon . yesterday were 15473 against 10,814 head last week; lig] 8.40; heavy, 7.90; medium, 8.25; pigs, Ll_ght pigs, 7.76a8.25; roughs,| 5. | Calves—Receipts for week ended| noon: yesterday were 1,448 head, against 1,061 head last week; calves, 4.50a13.00. - —_—_— DURING FALL OF PRICES. NEW YORK, December 6.—The re- ended h cent prolonged decline of prices, ac- i French minister otlnm,m cording to the commerce, “has been ' characterized by. return to the most exaggerated, economic selfishness in every coun- try. Nearly all nations have taken identical .steps to meet the situation, i_?,..,o..mmy of carrying either through transforming fixed customs duties into ad valorem or by demanding payment of in gold, or by putting on ad- ditional = surtaxes , in the import tarifts or by anti-dumping measures.” He added that even those coun- tries which had been previously most fnsistent on a free trade policy had brought into force one and often sev- eral, of .these methods. . . - - * :SCOPE OF ‘PRICE DEC YORK, December 6.—The * NEW " calculations of the-New York- Fed- el e Bank show. the;follow- ing decline: in average prices: from the high level-of last year: In Eng<. land, per cent; in France, 43 cent;. in Italy, 11 per Japan, . cent; i naae, 30 pe e! 'swl‘e)’u 3 e, per cent;.in iweden, : 63 9% | Greece, demand, 4.1 {Montreal, 92 3-1 |now Increased their stocks to, the ex- : cows, choice, 4.50a5.00; fair |gan with the September rise in cot- of-November. 1 Americuy Tel, I Capital Traction . Loulsville ‘and Nashville 7s, 1530 asilngton Gas - Missourl, Kunsas and Texas 1st 4s. Nortolk and { Minsourl’ Pacific gencral 4s. a15 wy. > rk Centrul 7s, 1930, tern stern con: Feonayivania G, 101 47 Pennsyivania . 6L 105 180 | Pennsylvania 7s of 1080 m{.fi Pennsylvania gen. mort 86 Reading general 4s . 8t Louls Sud Ran Fran TRUST COMPA) American Security and Trust. Continental Trust National Saviugs and Trust Union Trust . ‘Washington Loan and Trost BAVINGS BA: i Sinclair Con: Southern P Southern Bouthern Railway Southern Rallway Union Pacific 1st 4s. ' Paciic cony. 192 East Washington Merchants’ Security Savin; Reventli Street . 6. Rubber 5s. Rubber 7i3a. S. Realty 5s 1924 ited St ) ! Western Ualon 615%. American Wilson & Co. 1st ®s. Arlington 9ok | Natiopal ~——Noon.—— i % i SHORT-TERM SECURITIES. i Northwestern 01l | Peunok 011 1, f Sudans Packis {Swire & FINANCIAL. BOND AND CURB MAZKETS. BIG PAYMENTS OF (Furnished by W. B. Hilbs & Co.) ——-Noo— Bia. Asked. 215 14 9 8% 17 17 1116 Fensland 0il Gillette Safet Guffey-Glllenpie Intercontinentul Rubber : International Petroleum, (new). . Jerome Verde : Kay County Gas Lake Torpedo . Lincoln Motors ", Lone Star Gas. agma Copper Maracaibo 01l Mason Valley Merrit Oil Midwest Ol com . Midwest 011 pfd Mldwest Refining Mountain Producers Nevadu Ophir ew Cornella . ipissing Minex: o orth Amer. P. und P. Omar Ofl (new) Perfection ' Radio ptd. Ray Hercales . R. J. Reynolds * Ryan Consolidated . Balt Producing. Balt (new). Sapulps_com. . H Simms Petrol . Bkelly Ol Southern Coal and Sweets Co. of America Swift International ! U. 8. Light and ‘THeat com i ", 8. Light and Heat pfd. 1% United Profit Sharicg. 17 S. Ride Corporation. 1 8 Biesmelty. ... L fted Retail Candy. [ yne _Coal an Wright Aero CHICAGO- Armour Leatlier com Armour Leather pfd Armour pfd. Libby Leathisr Co... Unfon Carbide Natjonal OLL STUCKS. Anglo-American 0il Co. (new).. Rorne-Serymser Co. 4 Ofer. Columbia bl { American Tel. & Tel. €s 1922.. 1003 Real Est; |American Tel. & Tel. s 1924 100 American Thread Co. 1928 1001 American Tobacco Co. 1013 Columbin he American Tobacco Co. 10175 D. C. Paper Qrz. C Anaconda Copper 6 1929.. 97iq Merchants’ Transfer anc Anglo-American Ofl 7i3s 1925. 1031 Mergenthaler Linotspe Armour & Co. ot 1020 0id Dutch Market com Bethlehem Steel 7s 1922 1008, 0ld Dutch Market ptd Bethlehent Steel 7s 1923, 1008, Lanston Monotype - Bethichem Kteel 76 1835 101 Security Storage . dian Pacific 6s 1927 10015 ‘Washington Market 1 Argentine 6 1927. 92 *Ex-dividend. o, R. 1. & Pacific 6s 1022, 100% | — & St. L. 8s 1929 9613 ‘onsol. Gas of N. Y. 8s 1 { copper Export : j Copper Export i Copper Lxport FOREIGN EXCHANGE. Selling checkw—dollar valuex at noon tod 16 Brusseis Warsaw | RS g h 7a Berlin Copenlugen ... Gulf 011 ¢ Rome . Christinnia 5 CHei Madrid Ktoekholm 1 Hocking Vall b i‘"]"":;’:“ {Humble 011 7% 1923 -3 e Viennu 100 Dy the Associated Dress. { Procter &.¢ 1% NEW YORK, December 6.—Foreign 1018 exchange strong. Great Britain, de- Frvtd mand, 4.08; cables, 4.08%. Sixty-day 1008 bills on banks, 4.04%. France, de-|Southern Rlllwn{ 6 mand, 7.66%; cables, 7. Ttaly, de- |Bouthwestem JBell Tx ‘1935. 101 mand, 4.36; cables, 4.36%. Belgium,|Swift & Co/fis }fi 100° demand, 7.33%; cables, 7.34. Germany, |30, “co SOV 1025 demand, 501%; cables, 51. Holland, de- ! Union Tauk Car % 1930 Al mand, 35.74; cables, 35.80. Norwav,|Western Electric 7a 1035 104 demand, 14.40. Sweden, demand, 23.9. | Westinghouse k. & M. 7s 1881.. 105: Denmark, demand, 18.80. Switzerian; demand, 19.30. Spain, demand, 14.15.} Argentina, de-! demand,, 13.00.{ aid December 1, 1921. U. 8. TREASURY CERTIFICATES. ——Noon.——— Bid. Offer. mand. 32.75. Bsrflxll, Rate—Maturity. i 16 | LUMBER RATES DROP. H CHICAGO. December 6.—Lumber {55 rates from all Pacific coast terminals3is Yo all points east of Chicago will be |2t reduced December 24, H. L. Pierpoint. ! 378 SOl hnar 15 general traffic manager of the Chi- |31 September 1 o, Milwiukee and St Paul rail-|3%sJune 15, 192 way, announces. Sigs Sectember 3 rate to the territory eadt of! = and Prusburgh will be cutd $1.061s to 90 cents a hungr»d‘icraln Produce pounds. To the Bufalo and Pitts-i y burgh territory the reduction will hc! LOCAL WHOLESALE MARKET. | to #81 cents and to Cincinnati and{ Detroit common points the new rate| Eggs—Strictly fresh, per dozen., 6ia 111 be 85 cents. The tariff on shingles ! 65; average receipts, 63. = :nd cedn‘;‘ nrogtlcls will be 13% cents Live poultry—Roosters, per 1b, 17; Righer than the rates named for lum- fturkeys, per yiadd; chickens! ced. spring, per .y 2] H ens, er ey R R 28az6; Keats, Young, each, 60a70. Dressed poultry — Fresh killed BUFFALO GRAIN FIRM FAILS. BUFFALO, December 6.—The Cur- tiss Grain Corporation, one of the spring chickens, per 1b., 28a30; hens; per Ib.. 27; roosters, per Ib., 20; tus- keys, per 1b., 48a50; each, 60a’ keats, young. Jargest grain firms in Buffalo, hasi{ Pork—Dressed. small, per 1b.. 10. ol e hnél:l pxw‘:d in receivers’ hands. Wil-{ Live stock—Calves, choice, per Ib., irofln!e; 05300:131«30-‘ h%rssk rad:s;:". h:- Do R Riley and Maxwell M. Nowak {12a121: .lambs, choice, per 1b., 83; [4.00a500: tettice, Laseet, L were named receivers. In the petition {live hogs, per Ib., 8. onions, 100 ibe. 2002600 N amkruptey filed by the company | Green fruits—Apples, per bbl, 6.00a | Plante, bunch, Sai: parsnme Dabilities are given as $486,689 and[10.50: per bu. basket. 2.50a3.25; ipean, bamper. LO0A3, X Nenis as $256,173. The largest credi- | western, per box, 3.0084.50. Califor- |C7aic. 005 pumpkin, c fors of the compuny are the Charles|nia Jemons. per box.-3.00a3.§0: Cali-|JoVoy, = u. 40860: | ST urtiss Company. $247.337; the|fornia oranges, per crate, 6.50a7.50.|RU o, ‘bu, 30240: 5 Diberty Bank of Buffalo, $88.644; the |Grapefruit. 3.75a4.50. Florida oranges, | S8/%: TNNLIE ) Nowak, Milling, Company. §46,000, and {4.50a650. = Tangerines, sotasse. | RTa T AN ‘ Glenn A. Curtiss, §50.000. ayosetales—potatoes, No. 1 et | b Dushel “stocl: 1.00a2.25: i TRAD NDITI D rtnce metrbe. Ber. e Tl 20.064%5.00, S . per crate, 1.00a1.5! a s, bbl, 20.00223.00; E.CO OHEB0UTE. e e, "o “crate, 1.00a3.00. GCel- | gTapefruit. box. '2.50a4.00: oranges, | 75a1.00. Romaine let- ATLANTA, Deceriber 6.—Reporting jary, per doz. Cymblings, per crate, on conditions in the south since the |tuce, 1.25a2.00. i v 0a3.00. Spinach, per bbl, 0a3.00. rige of cotton, the reserve bank at S pes pern b sack, 5.1526.00. Dallas states in its monthly bulletin { Capiage, " 2.75a3.00 per bbi. Cucum- that in the retail trade “October in- tentories indicate that retailers have |2.00a3.00. California_tomatoes, per box, 4002450, Beans, 4.0025.00 per basket- Sprouts, 15a18 per qi.; peppers, per crate, 7.00a8.00. DAIRY MARKET! BALTIMORE, December 6 (Special). —Live poultry—Turkeys, 1b., 45; pdor and crooked breasts, 35; young chick- ens, 25826; poor and white Leghorns, 8a20: wold hens, 23a26; small and white Leghorns, 18a20; old roosters, 15; ducks, 18a26; geese, 23a30; pigeons, pair, 20a25: guinea fowls, each, 3 Dressed poultry—Turkeys, 46a48; old toms and poorly dressed, 35a45; chickens, 35a38; old roosters, 16a18; ducks, 25a25; geese. 26a32. Tggs-—Loss off, native and nearby, firsts, doz., 60; southern. 58. I tter—Creamery. fancy, ib., 47a48; | prints, 40a50; nearby creamery, 43ad4; | tent that they can depend upon re- placement orders and those outstand- ing for.future delivery to take care of the demand.” The sharp revival in southern wholesale trade which be- fon was well sustained throughout October. £ : But. early in November this new current of purchasing and liquidating power, which had flowed strongly during. the first two months ‘of the autumn, encountered a serious check when the unexpectedly large “total shown by the census bureau’s ginning report caused the price of cotton to undergo the severest decline of the ear.” ¥ “THOSE “FROZEN CREDITS.” CHICAGO, December 6.—“Borrow- 26: rints, 28a3 ngs growing out of the farm trans- |0y, 267 J9aitY P butter, 33a36. actions,” says the federal reserve SRR B to 1.01%. , “particularly in land, that ECLARED. - The country sold rather liberally to e i s DIVIDENDS D! g arrive, and Russian relief proposals wereon-a speculative basis; must be Stockof Pay-~|had no apparent effect on the corn cleared ul e:gxe;'not:a:: i.l-l"!h‘ann::: Record, able. Imarket. Prices closed heavy, ¥ to 1% | was shape of personal notes carried by Al;;‘:“?{m‘"f’" €0, G 15" Jan, 1681% Det lower, with May b3%. the banks, £ r ‘Woolen Co., 4. . E WHEAT— Open. High. Low. Clgse. “Indications are that some of these ‘“;’f'-;;“w Dec. 15 Jan. 16 May L1150 115% LI2g 1.1’.';;| horrowers are beginning to rel.lhlle the | Great Kor;{lg;x Railway Co.. P D108y Loy 1014 Lol through | _PL. q. $1.50.- B . 5 , these contracts with the liabilities as- |5 . Kress Jan. 1{3oy BE B N sumed, and adjustments are being | yfwest 01l Co., 4. OA” made by cancellation of contracts, 15! May 881 38% 37H BTN even though, in some instances, thi July - 89" 38y 38% 3% means a large loss. It Is felt that|Northwestern T culture is concerned, cannot recover |Schell Tragstyl i WHALE INDUSTRY GAINS. until prices of the farmer go up, and { the credit situation, so far as et Twin City_Rap until that time liquidations will come f.. 1% per cent "Dec. 15! Jan. 2 vIVy = Fellow . Co., class B, 100% stock tesigy s oo M S R e VISIBLE SUPPLY OF GRAIN. —e———— : ; m-fiw YORK, December 6~—The visible ~ supply of American grain shows, the ‘,‘f‘ollowln‘ changes: sat’ decreased 979,000 bushels, |by the farmers of Virginia result oo 1,806,000 bushels, u&.‘ in a saving of about $16,&?0. accord- fncreased . 774,000 bushels, rye- in-|ing to a report issued by dfiflhnlfiflu:: creased 652,000 bushels’ and barley |agent of the Virginia oy incréased 34,000 bushels. the Farmers' Education a "The .world visible supply as of De- [erative Union. The “3”“"“,,.;' e e aue” ot 309 08 for e month ey chere e Snited Toading of ) e mon St ¥ > and shipping o!qwagl orders. T 2| South Car@ina, Ge bers, 3.0026.00. Eggplants, per crate. | 1’15121 December, 1.15 FARMERS SAVE $15,000. ] ‘| contractor ships the whale tails to Buckeye Pipe Line Co. 54 Cheseborough Manufacturing Co. 180 Co. Continentsl 0il Galena-Sigual Co. ptd. Tllinois Pipe Line Co. b gz Indians Pipe Line Co a1 National Transit Co. 29 York Transportation Co... 143 Northern Pipe Line Ca. Olio 0l Co.... | Standard Ol C E a0 | | Stundard 0il Co Swan & Finch C i | Union Tank Line ¢ -9 ! Vacuum vl Co. 330 ‘Washington 01l Co. £ 39 —_— VIRGINIA TAKING MILK LEAD ‘ BLACKSBURG, Va. December 6.— The Virginia Poytechnic Institute says that in 1919 Virginia produced 110,942,113 gallons of milk. It is also| noted that during the same vear Vir | ginla dairymen sold 8,007,298 pounds! of butter, 556,588 gallons of cream | and 1.163.064 pounds of butter fat. | | This production for Virginia is com {pared with that of Delaware, Mary {land, West Virginia. North i Georgi tion of comes 101.615. 638 zallons, and Live Stock GRAIN AND PROVISIONS. i BALTIMORE, December 6 (Special). i -—Potatoes, new, 150 1bs., 2.75a3.23:} No. 2. 1. .75; 100 lbs., 1.5082.00; No. 2, 75a1.00; sweets and yams, bbl., 3.50 4.0 0 2, 2.00a2.50; bushel, stoc 1.0021.35: beans, hamper, 2.00a3.50 beets, bunch, 314l brocoli, bu., 252 35: brussels, qt., 10a18; cabbage, ton,, 30.00250.00: carrots, bunch, 3a3; cauli- flower, bbl., 3.50a5.00. Celery, doz., 50a80; crate, cucumbers, crate, 2.50a5.00; eggplants, 3 2.5085.00: box, 3.00a4.50. Selling Prices at Noon. Wheat—No. 1 red winter spot. no quotation: . 2 red winter spot, 1.17%; No. 2 red winter garlicky, spot, January, no quotations. { Corn—Cob corn, old, vellow, quoted | at 2.7082.75 per barrel. Contrict corn, spot, 58%; track corn, yellow. No. or better, old, domestic, 70 asked. Sales, none. Oats—White, No. 2, 44 per bushel; No. 3, 11%a43% per bushel. Rye—Nearby, 80a%0 per bushel; No. 2, western export. spot. 97, nominal, per bushel; No. 3, no quotation. Hay—Receipts, 61 tons; range from ! 16.00a21.00 per ton, with a moderate | demand for fair to good quality of | timothy and mixed hay. i Straw—No. 1 straight rye, nominal: | No. 2 straight rve, nominal; No. ‘wheat, 13.00; No. 1 oat, 14.50a15.00. . CHICAGO, December 6.— ! Later tfe wheat market underwent | a material decline, owing largely to! reports of poor demand for cash | [ ladles, 30a32; rolls. 28a30; storepack-|wheat and flour at Minneapolis. Prices ""‘7"’"‘[cloud heavy, 1% to 3 net lower, with May 1.12% to 1,12% and July 1.01% SAN FRANCISCO, December 6.— California’s whaling industry, one of the new industries established during the war, is in.a prosperous condition. | One whaling company maintains two stations. one at Trinidad and the oth- ‘er just south of San Francisco. A whale @ day is the average catch, and the average whale yields a gross re- turn of $500. Most of the whai caught are humpbacks, a rather small variety, although occasionally a true sperm whale is taken. Every part of the carcass is utilized. A Japanese Japan, -where -they are esteemed a eat -delicacy. fand somc n | CHRISTMAS CASH Distribution of $1,235,000 Starts—Local Utility Bonds Score Gains. BY 1. A, FLEMING. Merchants of Washington should begin to feel the effect of the out- flow of Christmas Savings clubs cash within the next few days. The Merchants' Bank, with $402.000 to distribute, will mail its checks be- tween next Saturday night and Mou- day morning of next week. Th will be 10,000 checks sent out to all parts of the cit Some of the other banks have also commenced to send out checks, as payments over the counter would be absolutely impossible. In all something over $1.235,000 will be distributed. Some little part of this cash may find its way back to the regular savings accounts. The promoters of the scheme figured that 10 per cent of the accumulated funds would stick, but this calculation has not been maintained in actual prac- tice. The Franklin National, the only na tional bank making a distribution Christmas savings, sends out cl for $§300,000, Potomac Savings 255,000, Washington Mecchanic: 000, Park Saving avings, $47.000, ings, $15,000 This large amount of money should be of considerable importance in the seasonable trade for the rest of the month, beiug accentuated also b: the addition of interest—all gathered together for the one purpose of Christmas shopping. Bankers have found the funds thus established remunerative to them. probably preceeding year. funds in bonds, anticipating p: ments, and the advances of Iman points in the bond market have glven especially good returns. Then, too it has been possible to keep th. funds largely emploved in Treasur certificates at 5% and some at § per cent, Fo that, Gespite extra cost, the lubs have macGe good money for the more so than during any the Many placed institutions operating them. Merchants' Bank officlals expresse the belicf that they could, with con- dvertising for a longer per ol ed their club to $1.000. hey closed it after but two day: Ftising. Lack of needed rocm onc of the arguments against furth: ing the club business. For the vear 1922 the volume of accumulation will be much larger, practically all of the savings bank: others as well, will form savings cmbs within the next few days. Advertisements have given dewall of some plans, and others are to be announced. In some instances interest will not be computed on club funds next year. this being in a sense a charge for the added bookkeeping and clerical hire, one of the largest of this years clubs requiring the services of two additional clerks to handle. All_checks will be distributed by the I5th instant, and with the big government pay roll for that date the Christmas shopping should be greatly accentuated, 3 Minneapolis Pays Off Loans. The Minneapolis regional federzl eserve bank has paid off §24.041.000 of loans from other reserve banks during the past year and is cleun o the record. Atlanta has cut down he nterreserve borrowing_in a ¥ from $41,419,000 to $7.488,000 “and Richmond in the final week in No- vember reduced her $10,000,000 loans, the same as of a vear ago, to $4,324 000. Dallas in a year clipped her delt from $30,563,000 to $3.000.000. All the grain state reserve banks are free from interreserve borrow-~ ing, but the cotton states institutions are still bothered with “frozen” cred- its that forces them to borrow. Bank Clearings Decrease. New York bank clearings yesterday fell off 392,281,000, as compared with the total of saume date last vear Chicago clearings decrcased $15.936.- : Philadelphi 25; Bostot. and Kansas City, § a 5 - Bond houses are = bullish on investment bonds. th t. with the abundance of { bonds will continue in active demanc the investment fund =upply sreatly augmented by the outpour T inte and dividend pay- ments January 1, 19 Whether right or wrong in their the local bond m-rket ix any evidence of being in tion, the advancing trend being just as strongly indicated as it was, a week ago. 3 This morning Potomac Refunding 7s and Washington Gas 58 were featured in sharp advances, the for- mer selling from 104 to 1043% and the latter at 901, both mew highs Potomac General mortgage 6s also the price being 98%. * 4s, which have been hold- ing around 62 and a fraction. turned the 62 mark and closed at 63%. Public utility stocks were held firmly, but there were few sales, buy- ers refusing to meet the higher prices asked. Railway common, however. sold at 31 Mergenthaler Linotype is sagging wck as easily as it.advanced during the November days on nothing save a let-up in the demand and it is natu- Fally having a sympathetic effort on Lanston Today & sules of Mergenthaler were of odd lots at 131 to 1301z ex-dividend Cnion Savings Bank shares brought and Washington Loan and Trust reholders Meet. Stockholders of the Banking Trust and Mortgage Company held a special meeting at the Arcade last evening and carried out the program as here. tofore announced by electing Percy S. Foster president; Leo Fraser, vice president; Hilton W. Robertson, treas- urer, and R. K. MeNeill. cashier. ‘An advisory committee of share- holders was also chosen. Directors as previously reported in this column were then elected. The tentative date of opening, De- cember 10, was confirmed. and the new venture will, therefore. b launched on Saturday of this week. SUGAR MARKET QUIET. NEW YORK, December 6.—The early raw sugar market was quiet and un- changed. New crop Cubas were of fered as low as 3.6 for centrifugal, the lowest in several years, while the com- mittee's price for old crop is 4.11. 'Raw sugar futures were easler, with some of the active positions selling into new low ground under trade and com- mission house selling: owing to the liberal offerings in the spot market. There were-no changes in refiner from 5.25 to 5.30 for fine granulated. There only a light trade. Refined futures were without transace tions. A special article on this i subject by Governor John Burke, Treas- States 19131921, will be urer of the Uni and now a member of this. ‘mailed, gratis, to those desiting it, Aek for W 162 —~