Evening Star Newspaper, December 22, 1921, Page 29

FINANCIAL NEW YORK STOCK EXCHANGE Received by Private Wire High. Low. Close. Open. Atr Reduction. 5 Ajax Rubber . 1% Allied Chemical... 51% Allied Chemical pf 103% Allis Chalmers i Am Agr Chem. A Agr'Chem pf. Am Beet Sugar. Am Beet Sugar pf. 5% Am Bosch 4 25 ceeee W% 143 Am Chicle Co 1% Am Cotton Oil. Am Cotton Oil pf... Am Hide & Lea Am Hide & Lea p Am Ice Am International. \m La France. . Am Linseed Am Linseed p Am Locomotive. Am Loco pf. Am Safety Razor.. 4% Am Ship & Com. Am Smelting. Am Smelting pf. Am Steel Fdy. .. Am Stee! £dy pf. Am Sugar Am Sugar pf. Am Sumatra. Am Sumatra pf Am Tel & Cable Am Tel & Teleg. Am Tobacco. ‘Am Tobacco (B) Am Water Wks Am W Wks 6% pf. Am Woolen. .. .Am Zinc & Lead. .. 12 Am Zinc & Ld pf.. 3 Ann Arbor pf. Anaconda. Assets Realzn. ... Asso Dry G 1st pf. Atchison. Atchison pf. Atlantic Cst Line.. % Atlantic Gulf..... 31 Atlantic Guif pf. .. Atlantic Petroleum 24% Austin Nichols. ... 9% Austin Nichols pf. 6 Auto Sales. ... Baldwin Loco. Balto & Ohio...... 35 Baito & Ohio pr. 3 Barnesdall (A) - Barnesdall (B) Beth Steel. ... 8% Beth Steel (B).... 5% Booth Fisheries... 6'% Bklyn Rapid Trn.. &% Buff Roch & Pitt urns Bros. . Lush Term pf.. Lutte Copper Butte & Superior.. 18% Butterick. 3 Caddo Oil.. Canfornia Pckg. .. 9% California Petrol.. d8'% Canadian Pacific Carson Hill Gold. Central Leather. .. Central Leath pf. Cerro de P'asco. Chandler Motor. Ches & Ohio. . C&Estn1lwi. C & Estn 111 P W i. Chi-Great Wastn.. Chi Mil & S5t P. Chi Mil & St Ppf Chi & Northwn Cni R I & Pacific ChiR1&P 7% pf.. ChiSLPM&O. Chile Copper - - Chuno Copper 5 C C & St Louis. Coca-Cola Colo Fuel. - Col Gas. .- - Col Graphophone. . Col Graph pf Comp Tabulator. Cons Cigar- Cons Gas of NY... 9 Cons Inti Cal Min. 6 Cons Textile Corn Produc! ‘orn Froducts pf.. Cosden & Co Crucible Steel. Crucible Steel pt Cuban-AIn SUBar- Cuba Cane Sugar.. 6% Cuba Cane Su Pf.. Davidson Chem. Del & Hudson. Del Lack & Wstn.. U7 Ltk Horn Coal.... 17% Emerson-Brant. “merson-Brant pf 2% indicoit-Jonnson. Iicoti-donn pt. 1045 .0k Ene...... i Lrie 1sL P! - layers.. 7% Famous s Jisk kuober. Freeport Texas... 14 Gen asphait. .. Gen Aspnalt pf Gen CIgar. - Gen Eiectric. sen Motors. . n Mot Goodrich Granby Consol. reat Nortnern pf. Great Nor Ore Greene-Cananea Guil Mo & N pf Gult States Steel Jlarbishaw Cable. 1% Jlaskel & Barker.. % Houston Oil. . «..e. T Hupp Motors. % iyaraulic Steel. 6l Jliinois Central E3 Jndianouia. - - - Tnspiration. ... Interboro Metro... 1% Interboro Met pf intl AgriChem pf. 33 int Cement. cee &G JRU Harvester.... 8 1ntl Mer Marine. Intl Mer Marine Dt 1ntl Truck 1st pt Intl Truck 2d pL... Jntl Nickel. Intl Paper. .. invincible Oil 1sland Oil.. Jewel Tea Jewel Teapf.. Jomes L Kansas City Sou Kansas C Sou pf. Kaiisas & Guil Co. Keity-spring Tire. Kennecott. . ... Iresge Lackawanua Steel 44 Yoo Tire & Rubber 8% Lenigh Vailey.... 86 Lima Locomotive. 9 Liggett & Myers. . 164 Loews lnc . 1% Loit lnc. . wh Loose-Wiles. 36Y% Louis & Nash..... 18 Market St prior... 36 Mariand Ol .24 Maxwell (B, Rt DMexican Pete Aexican Pete pf... Aiami Copper. Middle States Oil.. 18% Midvale Steel. . 26 Minn & St L (n)... 54 MoK&TwWI. 9 MoK & Tptwi... 25% Mo Kan & Tex. by Mo Kan & Tex pf.. 2% Mo Pacific. 1% Mo Pacific pf. . 5% Montana Power... 60 Montgomery Ward 134 Aullins Body..... 21% Natl Acme - 1% Natl Biscuit p 4% Natl Enameling,.. 6% Natl Lead.... Natl Ry of M 2. Nevada Copper..., 14 N Y Central . 2% N Y Dock. . 30% NYNH & Hart... 2% NYOnt& West... 21% N Y Shipbuilding.. 13% Norfolk & Wstrn.. 97% North America. ... 434 North American pf. 39% Northern Paciic.. 8% Nova Scotia Stcel. 23 Nunnally Co...... Il 46% 15% 8% 108% 38 2% 58 28 5% 2% 6% 6% 6% 122 18% 1% 2% 5% 2l w2l 1% 98 10 YTt 6% 8 6% 13% 8l 6% u e 21% 79 104% 0% 15% W4 8% 1% 1 ©57%% 10288 b8, ol u 2% 5% 14% 3% 304 12% 2% 13% 0% 431 39% 8% 23 u% 45 16% 61 108 8% 26% 56% 2% 54 13% 1305 125 5% 16 Tl 46% 16% 5% 108 3% 29% 58 Direct to The Star Office. Open. High. Low. Close. Oklahoma Prod 2% 3 2% 3 Ontario Silver, 4% A% 4% Orpheum Circuit.. 4% W4 4% Otis Elevator..... 128 128 123 Otis Steel. .. 1 0% Pac Development. 6% 6% 4% PacGas& Elec.... 66 6 6 6 Pacific Mail. 2% 12% RN 1% Pacific Oil. 46 48%h 4G% 46% Pan-Am Pete..... 5% 61% 6 50 iPan-Am Pete (B). 46% 46% 45 4 Pennsylvania..... 3% S3% 83% 38% Penn Seabd Steel.. 10% 11 10% 10% People’s Ga . 60% 61% 60 6l Pere Marquette... 20t 20% 20% 28% Pere Mrq prior pf. 611 61% 6l 6l Pere Marapf..... 4% d6% 46% Phila Company... 3% 3% 31% Phillips Jones.... 13 m% 1 Phillips Petroleum $2% 824 31% 81% Plerce-Arrow..... 13% 3% 1% 13% Plerce-Arrowpf.. 32 32 30 3 ierce Oil. . ees 2 12 10% 1% Plerce Oilpf...... 70 70 68 68% Pitts& WVa..... 25 25 24l 2% Pond Creek Coal.. 15% 1% 15% 15% Pressed Steel Car. 6% 63% 63 63 Producers & Ref... 30 I 30 884 | Public Serv of N.J. sois a5 6 -82% | Pullman Co....... 107% 108% 107% 100% % | Punta Alegre..... 273 21 2% 214 61% | Pure Oil. ., .83 3% BN Tk 81 |RayConCopper... u% u% Ml % 0% Reading.......... =y =% ” 65% | Reading 1st pf . 43% 3% 4% 43% 5 | Reading 2d pf. 5% 5% S% , 13%h | Remington Typr.. 244 20% 2% 130% 19% 2% 122! y : 2EEgd-884R ; ] ; A ¥ 3% @Y 6% 92 164 13% 944 35 108 6 2 ST 110% 411% 86% 86l 2 6 18 1% % 2 5% % 8% 8% 8% 2% s 1% 2% 2% mse 7% 46 6% 58% b8k 13% 13% 21l 2% 10% 10% 4% 14% 6% 6% 8% 8% 2% 2% 1% 1% 2% 8% c 30 12% 21% 13% L4 &% 39% 78 nB =B u% 1% Replogle Steel.... 24 25% 24 ReplIron & Steel.. 52 62 & Rep Iron & St pf. Rep Motor Truck.. 7% 7% 6% Royal Dutch. . St Joseph Lead. St L & San Fran StL&SanFrpf... 3% %% 8% 35% StLouis Southwn. 21 21% 21 21 StLouis Sownpr.. ss a2 31% 3% Savage Arms. Saxon Motors. Seaboard Air Li T T e Sears Roebuck.... g8 bs% b6T% 68 Sears Roebuck pf. ssi¢ sst 8% B88% Seneca Copper.... 2174 2 21 2 Shattuck-Arizona. 8% &% 8% 8% Shell Trad & Tran. 38 g% 38 38% Sinclair Oi1 .21 2% 2% A% SoPortoRSpf.... 78 ' 79 7 19 Southern Pacific.. 9% % W% % Southern Railway. 18% 18% 18k 18% Southern Ry pf... 45t 45% 41k Stand Oil of Cal. Stand Oilof NJ. Stromberg Carb. Studebaker. Submarine Boa! Superior Of1 Tenn Copper...... 10 Texas Company. .. 45% Texas Gulf Sulphur 86% Texas & Pacific... 21% Texas & PC& Oll. 213, Third Avenue..... 1% Tobacco Prod..... &% Trans Contl Ofl... 10% Union Bag & Papr. 70% Union Oil... .18 2 7 Union Pacific. . 35 1 1" 1 Union Pacific pt. 7 <7 0 70 United Drug. < T T 6% 69% United Fruit 122 22 21y 12 UnitedRyInv.... s 5 8 8 United Ry Invpf.. 215 21% 21 21 United Retail Strs 53% 63% 62% 62% USFood Prod.... 10% 104 9% 10 US'Indus Alcohol, 89% 9% % 38% USInd Alcohol pf. 8% 8% 8% 88l US Healty. . 60 6% 0y €0% U S Rubber . B4% 6% B4 3% US Rubber 1st pf. 100% 1004 99t: 991 USSteel......... 827 &% &% & USSteelpf.......14% 115 14k 115 Utah Copper - 61 6l% 61 6% Vanadium Corp... 31% 31 81 a1 | Va-Car Chem..... 2w 2 Va-Car Chem pf. 6 61 .Vivadou. ...... s 6% 6% Vulcan Detining. . 8 Wabash. .. % 6% WabashpfA..... 20 Webber & Heilbrn 12 Wells-Fargo Exp. 8% Western Md. ... e Western Pacific. 1 Western Pac pf... % Westhse E & M. .. 9% Wheeling & LE. .. 6% Wheeling & L E pf. 184 White Motor Eo White Oil. . 9% Wickwire Spencer 16 Wilson Company.. 2% 2% 29 WilsonCopt...... 0 70 70 Willys-Overland.. 6 6 5% 5% Willys-Ovid pf.... 28% 28% 28 28% Woolworth....... 1% 133% 133% 133% Worthington Pmp 4% 4% 44 44 Wright Aero....... 8% 84 8% 8% High. Low. Last. Call Money..... 6 5 5 HOURLY SALES OF STOCKS. 1lam..... 251400 12m... 1p.m.... 4439 400 2 p.m. —_— FOREIGN EXCHANGE. Par:s . Brussels. Berlin & Kome 0111110 Prague Warsaw Copenhagen Christinnia Madrid Stockliolm Zurich Amstersam Athens. Belgrade Vienna ~04% Montreal By the Associated Press. EW YORK, December 22.—Foreign exchange heavy. Great Britain, de- mand, 4.19% ; cables, 4.19%. Sixty-day bills on banks, 4.163. France, demand, 7.89%; cables, 7.90%. Italy, demand, '14.41 cables, 4.43%6. Belgium, demand, 7.58%: cables, 7.58%. Germany. de- mand, 0.54; cables, 0.54%. Holland, demand, 36.68; cables, 36.74. Norway, demand, 15.60. Sweden, demand, 24.95. Denmark, demand, 20.10. Switzerland, idemand, 19.46. Spain, demand, 14.87. Greece, demand, 4.15. Argentina, de- mand, 33.50. Brazil, demand, 12.75. _— IFINANCE AND TRADE NOTES. Lord & Taylor have declared a divi- dend of 12 per cent on first preferred stock, being cumulative from June 1, 1914, to June 1, 1916. The dividend is payable December 23 to stock of record December 22. Specialists in_municipal bonds are exceedingly sanguine of the outlook for the market in this class of se- curity.” One dealer predicted tbat the market will shortly go to a 4 per cent basis. American Petroleum Institute esti- mates the daily average gross crude oil production in the United States for week ended December 10 was 1.361.000 barrels, compared with 1.333.310 barrels for the preceding week. an increase of 27,690 barrels. An inquiry into the export grain trade to determine the reasons “for present ruinous prices” is being urged by St. Paul headquarters of the United States Grain Growers, Inc. Minnesota farmers are asked to in- sist on the probe. Pennsylvania rails have been grant: ed authority to file tariffs on five ddys’ notic making a *“general re- duction of 10 per cent in rates of cer- tain products of farm, garden, range and orchards.” The reduced rates are effective on or about January 1, 192; Cable: advices recelved in sugar trade circles from Havana announced that President Zayas had signed a decree terminating the life of the su- gar finance commission at the end of the current year. American Locomotive announced or- lders from the Jersey Central for twenty-five heavy Mikado engines and from the Union Pacific for one special mountain_type locomotive. Latest fizures available show that December 9 there were 12,258 loaded but unmoved freight cars on all lines throughout the country. This com- pares with 13,811 December 2 and with 16,372 November 25. J. P. Morgan & Co. will offer today $12,753,000 first and refunding mort- gage 5% per cent bonds of the Louis- ville and Nashville road, due in 2003. Bankers have put a price of 101 on the issue. AGREE TO CAR MERGER. CHICAGO, December 22.—Pullman stockholders have aproved the ab- sorption of the Haskell & Barker Car Company on terms recently an- nounced. To carry out absorption it was voted to increase Pullman stock from $120,000,000 to $135.000,000, stock to be exchanged for Haskell & Barker shares in the ratio of three shares of Pullman for four shares of Haskell & Barker. THE . EVENING STAR, WASHINGTON, D. Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, December 22 (Spe- cial).—Potatoes, new, 150 pounds, 5 No. 2, 1.5 100 pound .00; No. 2 75a1.00; sweets and barrel, 2.50a3.75; No. 2, 1.50a bushel, 1.00a1 No. 2, 40a60; hamper, $.0025.00; beets, bush- el. 50a7 bushel, 26a30; brus- sels, quart, 20a2 2 Cabbage, ton carrots, bushel, 1.0 3.505.00 barrel; celery, .00; cucumbers, ¢ ants, crate, 2.00a1.00; horsera bushel, : Kale, 5a1.00; lettuce ket, 1 onions. 100 pounds, 5.00a5.75 0023.00; bunch, peas, s, eratd, 5.0026.0 16; savoy cabbage, h, barrel, 3.5024.00; turnips, dozen, mper, bushel, squash, 4.00a5.00; bushel, 1. pples, 2.00a3 cranberries, barrel, 0.00428.00; grapefruit, box, 3.00a4.2! box, 3.50a6.00; tangerines, 1 red winter, spot, no red winter, spot, No. 2 red winter, garlicky, December, 1.18%; Jan- ", no quotation. —Cob corn, old, vellow, quoted ) per barrel; contract corn, spot, track corn, yellow, No. 2, old, 64; No. 2 new, 62 per b 0.2, 44 per bu.; No. 3, 2% per bu. 90a1.00 per bu.: No. 2 spot, 9632 per bu.; No. 3, no quotations. Hay—Receipts, 54 tons; range from 16.00a21.00 per ton. with a fair de- mand for fair to good quality of tim- othy and mixed hay Straw—No. 1 1 nominal, 15.50; No. 1 wheat, tangied, 11.00; No. 1 oat, nominal, 11.00a11.50. OPENING SOFT, U MARKET RALLES iBuying of Equipments Over- comes Weakness in Oils. News of Day. selling movement which set in yes- terday on the stock exchange tinued through the first hour of to- day’s session. It bore heaviest on the Ioil shares, but nearly everything on con- { the list went down a half point to point further. Midway through the forenoon the decline was checked and prices hard- under the influence of some rather sharp upbidding of a few sp cial stoc! Among_ these were American Locomotive. Burns Brothers Coal and Texas and Pacific. There were at least two items in the outside new upon the movements of individual stocks. The downward revision, long anticipated, in wire and related prod- i ened ucts, was announced by one of the subsidiaries of the United States Steel { Corporation. While not affecting Steel common itself, this price-cutting brought quite {a bit of selling in the independent which, on account of their higher operating ‘costs, are not so well able to stand such action. Word that salt water had been di overed in the Mexico oil field w sme of the pressure e oils, although later d. t the Pure Oil Compa wias most depressed, no wells in the damaged territor, | The selling in the oil group. both y terday and today. appeared to be en- tirely due to a temporarily weak con- dition in their market rather than to {any change in the oil industry itself. j The reduction in gasoline prices by | the Standard Oil of New Jersey is evidently only a local adjustment. It has no significance for the oil trade generally. Burns Brothers. The more immediate reason for the strength in Burns Brothers Coal the voiding of the injunction which was secured some time ago by one of Ithe holders of Farrell Coal preferred. restraining’ the merger of the two compani There is now no obstacle in the path of this consolidation, and {it is expected that the stockholders jwill meet at once and authorize the new stock' issues. The new Burns Brothers A will be an § per cent div dend payer by itself. American Locomotive. remarkable action of Ameri The {1ocome n e. which started up out of a k market and easily went through ous high -for the year, might emed to call for some special explanation. But actually there was nothing to be said beyond what has been pointed out more than once before. A lot of people have been selling American i Locomotive short because it seemed t0o {nigh for a 6 per cent dividend payer. and also because, until the equipment business picks up more than it has, an increase in the dividend appears un- likely. No doubt the running in of a part of short_interest had something to do I the rige today. But apart from this American Locomotive—that is, a large portion of its available supply—was gathered in some time ago for the pur- 1 pose of permanent investment. accumulation was based, not upon the present dividends, but upon the consid- eration of the intrinsic value of the stock as worked out on {ts treasury as- sets. St. Paul Weak. Paul stocks were very weak to- both the common and preferred making new low records. There is nothing new in the financial condition of the road. larnings have been be- low fixed charges for the entire year. It is true that in October one-twelfth the annual amount was reported as net income, but inasmuch as normal- 1y October is the best month in the vear. it could not be said that even on this basis charges were being earned. There is, however, a more en- couraging aspect to the situation, | with the exception of April, St. Paul {reported a substantial gain in net operating income every month of the year. Starting with a deficit of $1,214.004 in January, there was a steady gain income of $2,510,147. Few of the so. called strang railroads have shown such consistent improvement. The yroad’s cash position is understood to be strong, and the only near maturity is the $25,000,000 note held by the government, which becomes due on March 1 next. It is expected that this_will be renewed. In all prob- ability, November and December will be disappointing, but after the turn of the year, when the reduced rates on hay and grain go into effect, {trafic will undoubtedly be greatly stimulated. FEW IDLE IN ‘GERMANY. COLOGNE, December 22.—Germany at the present time has fewer un- employed than t any period within the last iourteen years, according to labor official In the mining in- dustry, the building trades and the chemical industry the number of va- cancies exceeds that of the unem- ployed.- The total number of.persons unemployed on October 1 was 189,407, Germany's export business is boom- ing for the present, due partly to the low rate exchange of the mark, and in many parts of the country factories are said to be working overtime. —_—— A new issue of $30,000,000 fifteen- year 6 per cent general credit obliga- tion bonds of American Sugar Re- fining was purchased by the National City Company and the Chase. Securi- ities Corporation. The bonds will be callable during the first five years of life at 105 and interest, BY STUART P. WEST. NEW YORK, Deceémber —The which had_their_effect | This | | until October showed ‘et operating | and Live Stock LOCAL WHOLESALE PRICES. ! Eggs—Strictly fresh, per dozen, 54; average receipts, 53; southern, 52. - - | Live poultry—Roosters, per 1b., 16; turkeys, per Ib., 48a50; chickens, spring, per 1b., 24; keats, young, each, 50260. Dressed poultry — Fresh killed spring chickens, per Ib., 27a28: hens, per 1b,, 23a24; roosters, per Ib., 20; tur- keys, per 1b., 53a58; keats, young, each, 60a70. § Pork—Dressed, small, per 1b., 10a11. Live stock—Calves, choice, per Ib., 12; lambs, choice, per 1b., 8%; live hogs. per ib., 8. Green fruits—Apples, per bbl., 6.00a 10.50; per bu. basket, 2.50a3.25: west- ern, per box, 3.00a4.50. California lemons, per box, 3.00a3. alifornia , oranges, per crate, 6.50a7.50. Grape-| fruit, 3.75a4.50. Florida oranges, 4.50a | 5.50. Tangerines, 4.00a5.00. Vegetables—Potatoes, No. 1, per bbl, 3.00a3.75; per sack, 3.50a3.60; sweet potatoes, per bbl, 3.00a3.50. Lettuce, nearby, per crate, 1.00a1.50; For Investors, that has proven successful _| 3 months trial * subscription free ‘The Rose Investment Review, monthly, describes a method ';:: has oroven enccessful by actual use. am how to make earn and’ multiply. Take your frst ste ward inancial indepen: irg for your free copy of L. ROSE & CO. INVESTMENT SECURITIES 80 Broad St., New York City lished investing ur first I‘l;)':‘l:- 500 today’ 2 R. No. 210. southern, per crate, 1.00a2.50. Cel- ery, per’ doz. 75al.25, Romaine let- tuce, 1.25a2.00. Cymbiings, per crate, 3.00a4.50. Spinach, per bbl., 1.50a2.00. Onions, per 100-ib. sack, 5.75a6.00. Cabbage, 2.7523.25 per cwt. Cucum- bers, 3.0026.00. Eggplants, per crate, 4.00a5.00. California tomatoes, per box, 4.00a4.50. Florida, 5.00a7.00. Beans, 5.00a7.00 per basket. Sprouts, 18a2 per quart. Peppers, per Grate, 3. .50. DAIRY MARKET! BALTIMORE, December 22 (Spe- cial).—Live poultry—Turkeys, pound, 50a51; old toms, 45a47; poor and crooked breasts, 85a40; young chick- | ens, 21a23; poor and white leghorns. old hens, small and white' leghorns, '16a18; old roosters. | 11; ducks, 20a36; geese, 23a28; pik- | s, pair, 20a25; guinea fowl, 5a50. Dressed poultry—Turkeys, pround, 48a53; old toms, 47a4 V- dressed and thin, young ens, 22a24; old and mixed, 20; roosters, 15a16; ducks, 23a30; geese, | 26a31. i Eggs—Loss off; native and nearby | firsts, dozen, 52a53; southern, 50. Butter—Creamery, fancy, pound, 46; prints. 46a48: nearby creamery, 41a42; ladles, 30a32; rolls, 28a30; store | packed, 26a2 dairy print: process butter, 35a36. CHICAGO LIVE STOCK MARKET. CHICAGO, December 2 (United States bureau of markets).—Cattle— | Receipts, 4.000 head; opened slo early sales beef steers strong to 25 higher: quelity, plain; bulk beef | steers, 6.25a7.50; she stock, steady to | trong; steady to 15 higher, losing stockers and - feeders, teady. Hogs—Receipts, 32,000 head: 15 to higher than, yesterday's average; mostly 25 highér; big packers doing nothing, but most hogs sold out of first hands; top, 7.40 for light lights ‘nd_up to 180-pound average; bulk. 7.0037.30; pigs. mostly steady to 10 Sigher; bulk desirable, 7.00a7.35. Sheep—Receipts, 8,000 head; best “at lambs and yearlings, strong to 25 higher; others closing steady; fat lambs’ top early, 11.00: prime light vearlings, 9:85; no_choice light ewes s01d early: top. 4.75; come-back feed- er lambs, 10.25. —_— COTTON MARKE' NEW YORK. December ton market was rather unsettled and rregular early today owing to the final evening up of December con- acts. Notices representing about 3.300 bales were reported and there was scattering December liquidation which sent the price off to 18.25, or Money to Loan rcalty o e o e el Joseph I. Weller 420 Wass. L & Trust EQUITABLE Co-Operative Building Association Organized 1879 42d YEAR COMPLETED Anwets .. Surplus Start a savings account with some of your Xmas money The most satisfactory results obtained Equitable. 4 per cent Interest. are Subseriptions for the 82d Issue of Stock Being Received Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. EDSO) REESIDE, JOHN JOY FRANK P. 33 points net lower and 3 or 4 points | FENERE below the January guotation. Other- wise the market showed no special round 18.14 or about 6 points net: higher, Futures opened steady; Jan- | uary, 1 March, 18.07; May, 17.63;! July, 1 October, 16.50. i NEW ORLEANS., December 22— Poor cables caused a fall of 4 to 6| points around the opening of the cot- ton market today. but tlaims that the long end of January was in strong hands and that the liquidation of that month would be accomplished at a higher range of price brought in new buying. At the end of the first half hour of business the trading months were 4 to 8 points higher than the close of yesterday. January fell off to 17.29, and then rose to 17.43. Futures opened steady; January : March, 17.35; May, 17.09; July, 1 BAD CHECKS CAUSE TROUBLE. NEW YORK. December 22.—The increasing number of bogus checks being passed in payment of purchases by men and women are causing de- partment store managers serious trouble and losses. The situation has reached an acute stage within the last three months, and, according to dealers, is constantly becoming worse. Plans for apprehending men and women engaged in this practice whereby retailers will assist each other in disseminating information | concerning losses and means of iden- | tification of bogus-check passers are | being considered by the Association of Retail Credit Men of New York. 1 s eyE s S FARMERS’ OUTLOOK GOOD. NEW YORK, December 22.—W. H Woodin, American Car and Foundry head, says: “Like other lines of busi- ness, the equipment industry de- pends to a big extent on the American farmer. Agricultural experts say the farmer's prospects for 1922 gre bright. If we have banner crops next year and the farmer gets good prices. the I railroads will not have the equipment to handle the transportation required. If the railroads do not order new equipment this winter they may face great shortage of freight cars and locomotives next summer.” LONDON HOLIDAY CLOSING. LONDON, December 21.—The stock exchange here will be closed Decem- ber 26 and 27 and January 2, Christ- mas and New Year holidays. —— DIVIDENDS DECLARED. Stock of Recor Acadia_Mills. q. 82, Bruns-B-O Co, q. pf, $1. | Citles Service Co, mo, % scrip . 1 Cities Service in scrip. jan. 15 Feb. 1 Cities Serv |~ %, in scrip. Cities Service in_common scrip. Chi R REquip co, ?, $2 . 20 Cosden & Co, q, 62i4c. . 3 Goodwln. Ltd, 4, pf, $1.75. .. .Dec. 2 eelock ¢ f, $1.75 Dec. 24 . National Fuel Gas'Co, $4 and 4th Lib bonds, amts less than $30 in cash. Dec Phelps, Dodge Co, q. $1. Pilgrim Mills, q, $2. Pilgrim Mills, g, pf. $2. Albert Pick, g, '40c | Albert Pick. pf, g, Reading Co, a, 2%- Reading Co, .q. 2d D U Natl G Casp, @, Pf. West Penn Traction Power Co, Df, $1.25. West Penn Traction Water Power Co, g. pf, $1.50. Feb, West Penn' Power Co, iE eb. Money = | In A:g'u Sum r connections locally and in er cities enable us to fur. money in any amount for hington Real Estate Eun- ni Wi 1342 N. Y. Ave. ‘We are in a position to give you the dest service in real loans, Money mow on ‘4and for either straighit or building loans. Shannon & Luchs M. 2345 713 14th St. feature and after opening steady at S a decline of 8 points to an advance of 5 points, January and later months a on held fairly steady. with March selling take a chance. eatata .$4,365,306.73 -$1,111,632.96 by joining the Presldent Sec'y . MEMBERS: NewYork Stock Exchange 111 Broadway. New York Washington Office | COLORADO BUILDING Telephone Main 1603 G.B.Chipman Manager Euetyef Mind Convenience In denominations of $100, $250, $500, $1,000 LOAN DEPT. SHANNON & LUCHS 713 14th St. Washington’s Oldest National Bank him. man of the boy. i 3% Paid on Savings Accon;nts etropolitan Bank “apital, Surplus & Undivide Profits Over $1,500,000.00 15th St., Opposite U. S. 7:¢=sury—107 Years Old Make Your Money Work Money is lying idle in the banks today because people are cautious, afraid to invest, unwilling to But if you can put your money ;a}fe]y to work, the reason for such caution van- ishes. Swartzell, Rheem & Hensey—the house that has been in business 52 years without loss to an inves- tor—can not afford to take a chance with its repu- tation which is its most valued possession, and so can not afford to take a chance with your invest- ment funds. Swartzell, Rheem & Hensey Co. New York Stock -Exchange Pittsburgh Stock Exchange 727 15th Street N.W. Washington, D. C. The Nation's Home Town 52 Years Without Loss te an Investor , Bank a Dollar or More This Christmas —in a Savings Account, opened in your boy’s name and put the building of the fund right up to QThat's a sensible solution of vour gift problem—and the les- son in thrift will help make a 912 Gifteenth Streel Gotabliohed 1 % In Convenient Denominalions 889 FC. L, Rust Fost W@[gagé Loans Main 6888 Attention, Builders The National NATIONAL MORTGAGE AND INVESTMENT CORPORATIO! FINANCIAL. Stimula of home buflding, Tem| office, ¥ Blag. m-""mu:w > 1t : Samuel Ungerleider & Co. Brokers New Willard Hotel Mezzanine Floor James Sloan, Jr., Manager MEMBERS Chicago Board of Trade Telephones, Main 3364-3367 Leader-News Bldg., Cleveland, Ohio Chamber of Commerce, Columbus, Ohio _J. S. Bache & Co., and Halle & Steiglits -Cleveland Stock Exchange Columbus Stock Exchange CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Pl vice of Becretary Mellon and other high gevernment ‘officials. Borvow money en them runs the imjunction. ‘It that, becomes absolutely necessary vest gage: Investment Seeurities 510-11 Evans Building Washi; m, D. C. Money for Christmas, 1922 Join Our ‘1922 Christmas Savings Club NOW 50c a Week in 50 Weeks Amounts to $1.00 a Week in 50 Weeks Amounts to +» 2.00 a Week in 50 Weeks Amounts to. 5.00 a Week in 50 Weeks Amounts to “ 10.00 a Week in 50 Weeks Amounts ot Second National Bank “The Bank of Utmost 509 Seventh Street N.W. “Do not ssll'your bonds 1s the ad to” make 1t possible o retain them But_first, last and all the time, coun- sel the officials. keep your bonds, they Wwill de worth 5more than you pald for tnem. may beg “Do Not Your LIBERTY BOND. BOUGHT FOR CASH. H you have money to in- i we can safely place it on gilt-edge first D. C. Mort- * s. Our record of 30 years insures your protection. Cour- * teous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. % PR MRS oo . 50.00 : 100.00 . 250.00 . 500.00 . Service” Sell ' Liberty Bonds!” We Will Lend Yot Money on Your Liberty Bonds The Departmental Ba;ik “Your Bank” 1714 Pennsylvania Ave. N.W. Unflci U. S. Government Supervision market range of ductive property hpl from Afls Asia, and Africa. sented. in dividends to date. system for information, wi pfind.“ E and reports, are the on the New York Curb Market. A highly trained quick and accurate execution of orders. Galmethods of customers’ them from old customers. come to Baltimore Office 433 Equicable Building Telephone : Se. Faul 451 America’s Second Largest Stock Market ~the New York Curb Exchange-comprises an impres- sive assemblage of great enterprises. The scope, size and world-wide activities of these companies are seldom appreciated. Of the 1100issues traded on this -more than 50 different industries are represented, practically the entire American business. -millions of acres are represented, pro- ldings stretching ka to Argentina, to Europe, -billions of dollars in assets are repre- -20 companies have each shown annual earnings of more than $5,000,000; 50 companies show over $1,000,000 each. -171 companies have paid over a billion The size and scope of Jones & Baker activities enablesthem to give lete brokerage service on New York Curb Market uock?"ll{:thve spared neither time nor moneyin to their customers in bulletins, printed and a weekly review. Jones & “information headquarters” for the stocks traded organization equij with every modern facility, including a complete pfl?mw:ge assure promptdeliveries and ‘transactions. It is worthy of consideration that nearly 40% of new customers . et information Boase oy Semnt .wfi activities of the New wkCurb. will besent onrequest L?_E.ES&BAm , Direct Private Wires New York Chicage Boston Philadelphia l Pituburgh Detrolt Baltimore Clevelaad hich is recorded, com- insures the Banking and commer- NewYork Curb Market