Evening Star Newspaper, December 24, 1921, Page 16

re - THE EVENING STAR, WASHINGTON, D.” U, SATURDAY, DECEMBER 21, 192 _ LOCAL SECURIIE - FIRM, BUT QUIET Holiday Spirit Prevails on | Stock Exchange and at I Banks—Notes. Trading on the local stock exchange was greatly restricted, the holiday spirit overcoming the trading dispo- sition. Probably had there been more se- curities offered the day's record might not have been so unimportant. As it was the bid and asked prices were we!l maintained on all the fa- vorite issues of bonds and shares, while the only sales made were in Capital Traction, at 9415; Lanston, at 72, and W. B. & A. 5s, at 19. Dividend Declared. The District National Bank will pay the regular 2 per cent quarterly De- cember 31. Active at Banks, at the banks was de- e today, with about even in depositing and witn- drawing. The holiday spirit was in evidence betore and back of the counters most of the junior employes of the various institutions having substantial evi- dences of the giving spirit from their institutions. Christmas trees were numerous; with plans for decorating and loading after business hours. The Rigzs National Bank employes published the Christmas issue of their house organ brimming over With wit and sallies and containing an extend- ed biography of their president, Mil- ton E. Ailes. The title of the biography was “The Mirrors of Washington.” Rankin is the editor-in-chief ublication, the Clearing House —_—— Washington Stock Exchange Capital Tractio at 4 - Tanston Monotype—5 a at g Washingon, Baltimore *and Anapolis 5s— $1.000 at 79. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Asked. American 81 American and and _Tel. and Potomac 5 nd Potowac_gu: d P. Telephone 3s d_P. Telephone of ction R. R. Pofomac Potomac Potomac Potomae . Power 3. Pot. Elec. Fow. . m. Wash., Alex. and Mt. SCELLANEOUS. Riges Realty 5s (lonz) Riggs Realty bs (short). ‘Washington Market Washington Market W. AL Cold Storage 3s. SYOCKS. PUBLIC_UTILITIES. and Telga. 1 1947, Steamboat. . Commercial Distriet - v “Trust '@.’.‘i’n‘.‘u.mn Loan and Trust. 3 SAVINGS BANK. Seventh Street Tnion Savings U. 8. Saviugs Washington Aperican Arlioglon Corcoran Bl Firemen's - 1% ationul Union . T FITLE INSURANCE. Columbia_ Title o Real Estate . MISCELLA. 3 o ‘alumbia Graphop " . C. Paper Mfg. Co. Mecchants: Transfer aud Mergenthaler Linotype AMarket com. 8 O Duteh Marker prd 3 3 |Miadie States Oii Tanston Monotype 75’/1 “ Midvale Steel. Security Storage ————— 'WO0OL DEMAND FAIR. BOSTON, December 24—The Com- mercial Bulletin says: “The demand for wool this week has been of fair proportions, due in part to speculation on the part of dealers, but also In considerable measure to piecing out orders from the mill, which meet the advanced prices reluctantly. Fine and medium wools are very firm and tending up- ward, while low wools are somewhat | higher, scoured low South American wools having shown an advance of | perhaps 5 cents a pound for the week. “The mill situation shows compara- tively little change, although rumors from New York state that the goods market is in_ slightly better shape, which seems to be reflected more or less in the yarn and tops market.” RAILS TO SHOW HEAVY DROP. NEW YORK, December 24.—Publi- cation of Southern Pacific’s earnings November showing a loss in net as well as gross earnings led to specu- lation In rail circles as to what all the class 1 roads will show for that month, In the opinion of some offi- cials it is believed that November net will not exceed $50.000,000, com- pared with more that $100,000,000 for October. % The causes for the expected drop of 50 per cent lie in the sharp falling off in tonnage following withdrawal of a strike threat and rush of ship- pers to get tonnage through before the threatened strike gave rise to a heavy movement of traffic in October, which was the peak of the year. EAGER FOR U. S. TRADE. NEW YORK, December 24.—S, Ab-; ‘bott Maginnis, retiring American min- ister to Bolivia. has returned from La Paz, accompanied by his wife and children. He says there is a splendid opportunity for American capital to invest in the natural resources of Bo- livia. disposed to the United States and de- sirous of cultivating trade relations. Mr. Maginnis expressed the opinion that the only thing standing between ‘Bolivia and an enormous development ‘was the lack of sufficient railroad fa- cllities. { MUNSON LINE'S BIG YEAR. NEW YORK, December 24.—At the annual dinner of Munson line of- ficials in their new building, Frank C. Munson, president, said the year ending next week had been the great- est in the line's history. He spoke of the development of new routes and the prospect of further extensions, and referred to the records of the steamships Southern Cross _and American Legion between New York and South American ports as of much importance to the trade between the swo Americas. 8% | Miami Copper. ‘The people, he added, are well | NEW YORK STOCK EXCHANGE Received by Private Wire Open. High. Low. Close. Ajax Rubber. 6% 16% 16% 16% Allied Chemical... 51% 6% 6% 6% Allfed Chemical pf 101% 101% 101% 101% Allis Chalmers. % 3K Am Agr Chem Am Car & Fdy. . Am Chicle Co. Am Safety Razor.. Am Ship & Com Am Smielting. Am Smelting pt Am Steel Fdy.. Am Sugar. Am Sumatra, Am Tel & Telog % 5% Am Tobacco. . 18I1% Am Tobaccopf (n) 85 8 % % AmW Wks 6% pf.. 11% 1% 1% 1% Am Woolen. 8% T9% T8% 9% AmZinc & Lead... 12% 12% 12% 12% Anaconda. o% 4% 4% ©% Atchizon 2 % 2 2% Atchison pf. 8% 8 8% 8% i Atlanta Bir D 1w 1% 1% AtlanticGulf..... 31 81% 81 3% Atlantic Petroleum 24% 2% 2% 2% Baldwin Loco. os% %% %% 9% Balto & Ohio. g 8 3 85 Booth Fisherles... 6% 6% % 6% Rurns Bros. ¢ 120 121% 121% Rutte Copper..... 6% 6% 6% 6% Rutte & Super 1% 19% 19% 1% Butterick. @1 31 3 31, Caddo Oil. 1Y % 1% 12% California Pckg... 6% 69% [ California Petrol.. 4% %% 48% 8% Canadian Pacific. 9% 19 119% Central Leather. 3014 S04 80% Central Leath pf. 624 62% 6% Cerro de Pasco. . M % % Chandler Motor e 47 4T C&EstnTllwi 1% 1% 15% Chi Great W nf. 6% 16% 16% Chi Mil & St P. 8% 18 18% Chi Mil & St P pf. % 20% S81% Chi & Northwn. ... 61% €% 6% Chi & Northwn pf. 9% 9 %% 9 Chi RI&Pacific.. 82 82 2 82 ChiRT&P6%PL.. 2 T 7 T Chile Copper...... 15 16 16% 15% Chino Copper..... 21% 28 2% 28 CCC&StLouls.. 49% 49% 4%% 47 Caca-Cola........ 0% 41 40% 40% Colo & Southern 2d 49% 49% 49% 49% ColGas........... 66% 66% 5% @5% Col Graphophone.. 8 Sk 8 84 Col Graph pf.. 1Y% U% 2% Comp Tabulator.. 54 6 B 5% ConsGasof NY... 91% 82 91% 92 ConsIntiCalMin. 6 6 6 6 Cons Textile W% 1% UG W% Cont Can. . . o4g% 48% 8% % Corn Produc D el %% %6 %% Corn Products pf..110% 110% 110% 110% Cosden & Co...... 31 3% 6% 7 Crucible Steel 6 65% 65 65% Cuban-Am Sug 18% 13% 18% 13% Cuba Cane Sugar.. 6% 6% 6% €% Cuba Cane Supf.. 181 1% 13% 18% Davidson Chem... 2% F3% K% 53 Del & Hudson. . 105% 106 Del Lack & Wstn 19% 120% Dome Mines...... 18% 18% 18% 18% Endicott-Johnson. 7% T84 Ti% T8 0% 10% 10 10 6 16% 15 16% Erie 2d pf. 0% 10% 104 10% Famous Playe! W% T % T Famous Playrspf. 95 9% 9% 94 Fed Mines & Spf.. 7% 88 87% 38 Fisk Rubber 1 g Gen Asphalt Gen Electric Gen Motor: Gen Mot 7% deb 8214 821 82% 82% 5% 36% % 6% Wh Wh % 2 82 82 B 5% T6% u% 1% 1% 3% 8% K Inspiration. 4 39 P4 Intl Agri Chem.... 7% T 7% 7% Intl Agri Chem pf. 82 2% 31 2% Int! Mer Marine. ... Intl Mer Marine pf Intl Truck 1st pt.. Intl Nickel Intl Paper. Invincible Oil Iron Products. Island Oil. Jewel Tea.... tones Tea. Kansas City Sou. Kansas C Sou pf. Kansas & Gulf Co Kelly-Spring Tiri lots of electrolitic for January and Kennecott. . Keystone Tire. ... Kresge (S8). Lackawanna Steel Lee Tire & Rubber L-high Valley Lima Locomot| Manhattan Elev... | Market St Ry Market St prior Martin-Parry Mathison AlKill Maxwell (B, Mexican Pete. 4 Nevada Copper. . 15 New Or Tex & M.. 5% 8% 2% Norfolk & Wst pf. 0 North American pf. 39% Northern Pacific. . 8% 3 165% 66% 4T% 62% 5% 83% e 10% People’s Gas. .. 62% Pere Marquette 20% 2% Phila Company 83 23 Phillips Jones. ... 8 Th B Phillips Petroleum 382 2% 82 32% Plerce-Arrow 18BY% B% 13% 1% Plerce-Arrow 2 2 2 29 Plerce Oil.. n% 12% n% 2% Pierce Oil pt K 2 k(4 0% Pitts Coal pf. 8 ki k) 8 Pitts & W Va. . u% B A% 2% i Pond Creek Coal.. 15% 15% 15% 15% Producers & Ref... 20% 30% 30 0% Pure Oil..... 3% 3% 7 37% Ray Con Copper... 15 15 15 16 Reading. n% 2% N% R4 Reading 1s - 4% 8% 8% 8h Remington Typr.. 24% 2% 2% 2% Replogle Steel.... 25% 25% 2% 26% i Rep Iron & Steel.. 51 61 6 51 Royal Dutch...... 4% B50% 49% ©50% St Louis Southwn. 21 21 21 21 St Louls Sown pf.. 31 3% 81 31% Savage Arms..... 12% R% R4 12% Sears Roebuck. 5 8% 89 Seneca Copper. 8% 2% 8% Shattuck-Arizona. 8% 8% 8% 8% Sinclair Oil... A% 8% 2A% 1% So Porto RS pf. 8 8 ke 8 Southern Pacific.. 8% 79 % 79 Southern Railway. 18% 18% 18% 18% |SouthernRypf... ¢4 4 4 4 Stand Oil of Cal. 94 9% 94 94 Stand Oilof NJ. 180% 182% 180% 181% Stand Oil NJ pf... 113% 14 113% 14 Studebaker. . % M4 8% W Submarine Boat... 8% 3% 8% 3% SuperiorOfl...... 6% 6% 6% 6% Superior Steel.... 2% 2% 2% 23% ‘Tenn Copper. 10% 10% 10 0% Texas Company... 4% &% &% 6% Texas Gulf Sulphur 40% 4l% 39% 41 ‘Texas & Pacific... 25% 26% 26 26% Texas &EPC&Oil. 21% 28 21% 28 ‘Third Avenue. . H% u% 1 1% ‘Tobacco Prod. * 62% 63% 62l 6% ‘Trans Contl Oil.. Union Oll... Union Pacific. Union Pacific pf. United Ry Inv.... United Retall Strs * USFoodProd.... 9% 9% 9% 8% U S Indus Alcohol. 38% 39 8% 39 5tk 54 % 83% 8% Utah Copper...... 68 & 6 6% Direct to The Star Office. ‘ Open. High. Low. Close. Va-Car Chempf... 67% 6% 61% Vivadou. 6% 6% 6% 6% Wabash 6% 6% 6% 6% Wabash pf A W% W% W% W% Western Union.... 50% 0% 90%. 9% ! Western Pucific... 16% 16% 16% 16% Western Pacpf... 51l 6l 614 6l% Westhee E& M... 504 60% 604 60% Wheellng &LE... 6% 6% 6% 6% White Motor. . 8T% STH 8% 8% White Oil... S 0% 11 0% 11 Willys-Overland.. 5% 5% 5% &% Wright Aero. 8% 8% 8% 8 HOURLY SALES OF STOCKS. 1lam..... 1356 00 12m. ++276 600 BONDS ARE FIRM AT STEADY PRICES BY STUART P. WEST. NEW YORK, December 24.—The general bond list was very little changed as the result of today's transactions and trading was dullest of the week. Liberty bonds were somewhat firmer with small gains in most of the members of the group. The pressyre which was upon this section of the market early in the week appears jow to have been definitely lifted. In the foreign gov- ernment_division the Brazil 8s, the French 8s and the Chile 8s were oft fractionally, while United Kingdom bonds were unchanged. American Smelting 5s did not re- spond to the strength in the metal stocks’ on the stock exchange. They even went a Dbit lower, although American Smelting shares were up over 2 points from vesterday's low. The rubber 7%s failed to sympathize with the strength of the stocks. Du- quesne 6s and Wilson first 6s, Cuba Cane 7s and Goodyear 8s were all substantially the same as the pre- vious day. Montana Power 5s came down a_half point. : The St. Paul bonds made further response to the reassuring statement put out by the president of the com- pany yesterday, in which he said that the company had ample resources to meet charges. STEEL TRADE OPTIMISTIC TOWARD THE NEW YEAR NEW YORK, December 24.—The steel trade is looking forward as a whole with optimism toward the new vear and is confidently anticipating a general improvement in industrial conditions and in the volume of bu: ness. Just at the moment, however, the market is experiencing the usual holiday reduction in the demand and is quiet and a good deal unsettled. Prices have been shaded in some cases and the most important at- traction is the reduction of $5 per ton in wire and wire products. The pig iron market has also slowed down for the holidays and is steady, although there is no accumulation of supplies and a better business is an- ticipated after the turn of the year. In copper there has been the usual pre-holiday lull in domestic demand, but export business has continued and the market has been generally firm. It is said that some of the smaller dealers or custom smelters are willing to take order for small March shipment at 13% cents de- livered, but the larger producei 3 offering nothing below the 14-cent level and the Copper Export Assoc tion is reported to be selling abro s equivalent to 14 cents f.a.s. ork. Recent export bus has increased sales to the Orient as well as to Kurope, and China has bought a small lot of casting copper at_about 13 cents f.a.s. Lead remains steady with produc- tion and demand about evenly bal- anced. Tin has been quiet within narrow price limits. Supplies of prompt have been cnlarged through recent ar- | l‘|"l'lxlsv but there is no pressure to sell. Zinc buvers have been for spot and earl new year, with prices steadily held. A ?lnlimony remains unchanged and u! operating TRADE CONDITIONS. NEW YORK, December 24. street’s review of trade says: Seasonal weather nas come to most parts of the country to reinforce the irfluences ruling at this seasan of free giving, the result being a quite de- ciced increase in the volume of retafl trade. Even with this accession, how- ever, the reports are not wholly sat- isfactory, although better than earlier indicated. Doubts scem 1o exist at a number of cities as to volume, that is, quantity, of buying equaling a year ago. when prices were higher, but purchasing power was undoubt- erly larger. On balance the trend seems to be toward a trade well be- low that of 1920 in value, with later information needed to fix this approx- imately. Useful gifts rather than lux- uries seem to predominate, although the confectionery trade seems to have done well, a not inconsiderable influ- ence in this direction being lower prices ruling than a year ago. oo‘;Weekly bank clearings, $7,395,918,- -Brad- R — DIVIDENDS DECLARED. Stockof Pay- American Screw, q, $1 a3 the | (it « « ! d shipment in the !y BOND AND Bonds. Grand Trunk 7s_1940. Great Northern 7s 1930, Tilino's Central International Merc. CURB MARKETSE. Carb. 0. 5, 7l & LABERTY BONDS. (Faruished by W. B. Hibbs & Co) . 8. Liberty 8%, 3 "Asked. U 8. Liberty 1at 4. Aeths Rapissrves TIOCKE. - T A U. 8. Literty 2d 4a.. Allled Ol . 2 3 R ATAberty I8 A%, g Arkansas Natural Gas. E U 8. ‘Atlantlc Lobos % 9 4 i Big Led, 26 21 Ul B! 3 20 21 Ul s, . o1 ) U. 8. .04 | Boston % ] OTHER BONDS. LY City of Rio de Juneiro 8y 1946. 15 16 French Government 8s 1945. 13 15 French Government 73s 1041 9 W 4% Government of Switzeriand 83 1940. 82 0 104 a1 2% b [34 8 w bv% .)“ United Kingdom 5% e Copoer 1 1 American Agri. Chem. 7% 2 o‘fi &% “American Tel. and Tel. couv. agrigl| Continental Maters 2116 2% Armour & Co. 4%s 1939. <. BT | CReon, Bold .. 8% 8% Atchison, Topekn and 8. Fe gen. 43 1095, 84% | DATIIIO00, - 8 9 Atlantic ¢ A 1043 | Dominion OF 2 26 Atlanti 108% | Bik Ras i 61 6% Ao 183 | Engincers' Petroienm 88 ® Baltimore an 947 | Bureka Croasay’ 20 Baltimore and Oliio 8. W. 88 1% 1716 Rethlehem Steel P. M. 55 1930, l:‘; 9% Hfinfi 160 ) 6,5 1930. 108 It it 1073 A Glenrock Ofl 1 §412 | Guftes-Giitespte . 12 13% : | Indlan Packing SO 6 3¢ | Intercontinental Rubber. . oty ! leum (i dea 1 go Northwestern 61is 103 108 1 1% R. Island and Pacific ref 30 Union Station 613x 1963. 2 5 2% ne Sugar 7+ 1930, 2% o Tudson 78 19 a9y, a5 31.... 04 20 =B Goodggar Tire and Rubbe Hral 8 Int. Rapid Transit 1st Kelly-Springfield 8: w York Central deb. 65, 19 w York Telephone Gs, 1941 rfolk and Western couy. rfolk and Wetsern conv.” G rthern Pacitic 4s, 1968, R. 6iga, Peunsylvania 75 of 1930. anfn gen. mortgage 4%s. 1065 9 Air Line adj. Pacific 1st ref. dx, c 1929 s, ed_Drug 8s, Western Union Wilson & Co. 13 | sieily o1l Pennok Hil Forfoction Radio com. . Radio pfd. R. J. lteynolds *B’ Ryan Consolidated Salt Creek Products (new) Salt Creek Simms Petrol ng. Sapulpa_com. 1 Southern Coal and Sweets Co. of Americ: Swift Tuternational . ‘Tonopali Divide . Tonopah_Extensor United Eastern . S, and and Heat ptd it Shariog. . 8. Ship Corporation. . N, Steamship .. United Retail Vayne Coal Wright Aero CHICAGO— Armour Leather com. Armour Leather pfd. United SHORT-TERM SECURITIES. 24 2% ——Close. 97 7%, i 3% 4% OIL STOCKS. —Close.— Awerican Tobaceo B ed. Amcrican Tobacco Ce Anglo-American 0il Co. (new).. 18 18% AnacondnCopper_ s Borne-Scrymser. Co. lsw si0 Anglo-American 01 Buckeye Pipe Line Co. L8 85 A Cheseborough Manufacturing Co. 180 190 Continental Ol Co.. S10 123 3, | Crescent Pipe Line B 29 Cumberland Pige Lin 20 130 na Eureka Pipe Line. 7 W Central Argentine 6s Galena-Signal Oil 42 « Galena-Signal Oil Co. 108 ‘hicago, R. T. & Pacitic 84 1 C, & s 192 19: 19 19: 19: 1 . St. spper Export rt * 2 Western Electric 7 1 Westinghouse E. & M. U. S. TREASURY CERTIFICATES. 100315100 9-82 100 11-32 100 7-16 1 100 1-16 00 100 1003-32 100 19-32 100 11-16 100 21-32 100 2332 10 100t 100 19-32 100 28-32 100 100t a4 5343 June 15, 102 51ys September 15, WEEK’S DEALINGS DULL COMPARED WITH 1920 NEW YORK, December 24.—Fi- nancial markets continued to move confusedly this week, stocks evinc- ing a more reactionary tendency 102% 102400 101 15-16 102 1-16 { while the demaad for bonds was fully sustained. Dealings in stocks were dull in com- parison with the corresponding per- jod of 1920, when the daily turnover was of substantial dimensions at prices 25 to 50 per cent or more over those now prevailing. Much of the intermittent selling probably originated from corporate interests which sought to adjust in- come tax returns before the vear's end. Professional pressure was re- stricted to several of the industrial companies whose affairs now are in a state of transition. Fears of a money flurry seemed to be unfounded, cail loans renewing for the most part at 5 to 512 per cent. Purchases of commercial paper also were on a fairly liberal scale, though ARl 20 {limited to 30 and 60 day maturities. 3 2 eag St. Cot. Ce Penmans, Ltd, q, $2. Penmans, Ltd,' q, pfd, $1. Pitts. Lime-St. Co., a. ptd, $2. Un. Royaltles Co., ex, 1% Un. Rojalties Co., m, 3%. DRY GOODS TRADE GAINS. Special Dispatch to The Star. NEW YORK, December 24.—Con- cerning general dry goods conditions, Farwell's Review says: “The whole- sale dry goods business shows a good gain over the same week last year. Cold winter weather has stimulated the movement of the heavier lines and urgent calls are coming in for immediate shipment of goods due January 1, delivery orders. Buyers have been in the ‘market in larger numbers than during the same week last ‘year. Collections show improve- ment.” CANADIAN LOAN TO FRANCE. PARIS, December 24 —Canadian money to the value of $6.000,000 will be used for the rebuliding of Sois- sons, according to the Journal In- dustrielle, which says that the Sois- sons municipal council has approved the terms of an agreement with Canadian banking interests for a loan to_that amount. Plans for realigning the streets and Dbeautifying the city were adopted and this work will soon begin. “BANK IMPAIRED $8,000,000. MONTREAL, December 24.—The re- serve account of the Merchants’ Bank of Canada, which recently became in- volved in financial difficulties, was im- paired to the extent of about $5,000,- 000, Sir Montagu Allan, president, de- clared. The figures quoted by Sir Montagu were from an officlal report of the bank’s affairs. The reserve ac- count of the Merchants' Bank nomi- nally stood at $9,500,000. The Bank of Montreal has agreed to assume all the liabilities of the Merchants’ Bank for the consideration of a cash pay- ment of $1,050,000, together with =2 payment of a block of Bank of Mon- treal stock which would represent one share of that stock for every two shares of the Merchants’ Bank of Canada. | | | Reduction of re-discount rates by the Atlanta (Georgia) Federal Re- serve Bank confirmed the impression prevailent in local financial circles that cotton and grain_ bills are in process of further orderly liquida- tion. CAPITOL HEIGHTS. CAPITOL HEIGHTS, Md., December 24 (Special).—The following officers have been elected by Columbia Re- | J! bekah Lodge, No. 50, L. O. O. F. of Capitol Heights: Mrs. Minnie Litz, noble grand; Mrs. Marie Davls, vice M grand; Miss Lottie Smith, recording| N secretary; Freda Fankhauser, financial secretary, and Mrs. Nellle Reno, treas- | 9} urer. These officers will be installed the evening of January 4. CRUDE OIL PRODUCTION, NEW YORK, December 24.—Crude oil production the week ended December 17 aver- aged 1,359,105 barrels daily accord- ing to official figures. This compares with 1,361,000 barrels in the previous week, the record for all time, and with 1,290,875 barrels in the corresponding week last year. —_— MRS. RAIZEN GUARDED. Slayer of Dr. Glickstein Shows “Suicidal Tendencies.” NEW YORK, December 24.—Upon receipt of a report from Dr. Charles Stoerzer, visisting jail physician, that Mrs. Lillian Raizen, under indictment for the murder of Dr. Abraham Glick- stein, Brooklyn dentist, had man! fested “suicidal tendencies” Assistant District Attoyney Edward W. Cooper last night ordered the woman kept under strict surveillance. This action_followed the applica- tion by Mrs. Raizen’s counsel earlier in the day for appointment of a mission to inquire into her san- y. Four alienists employed by the Gefense reported that she was mental- ly unbalanced now and when the crime was committed. If the com- mission_should find her insane, she would be committed to a state in- stitution without facing trial on the charges against her. . Stoerzer suggested that the woman be immediately transferred to t.he“wdnomtmc ‘ward for her own Y. com in the United States for 8§t Tou! Line Co. ipe Af Pruirie 0/l and G Prairie Pipe Line C Solar Refining Co. Southern Pipe Line Co. South Penn_OM Co.. Southwest. Penn. Pij Standard Oll Co. C Standard Oil € Standard Oil Co. 515 Standand Oil Co. 445 5 170 D385 86s 300 400 40 Union Tank Line Vacuum Oll Co.. Washington Oil Co THE WEATHER District of Columbia—Rain tonight, probably clearing tomorrow morn- ing: colder tonight, with lowest tem- perature about freezing: much colder tomorrow; winds becoming fresh north and northwest. Virginia—Rain tonight, probably clearing tomorrow morning; colder tonight; much colder tomorrow; fresh to strong southwest, shifting to northwest and north winds. West Virginia—Rain, turning into snow tonight, followed by generally fair tomorrow; much colder tonight and tomorrow, with a cold wave. Records for Twenty-Four Hours. Thermometer—4 p.m., 34; 8 pm., 36; 12 midnight, 4 am, 37; 8§ a.m., 45; noon, 54. rometer—4 p.m., 30.00; 8 p.m., 20.03; 12 midnight, 29.95; 4 a.m., 29.89; 8 29.95; noon, 29.95 Highest temperature, 54, occurred at_noon today. Lowest temperature, 34, occurred at 2 p.m. yesterday. Temperature same date last year— Highest, 39; lowest, 30. Condition of the Water. Temperature and condition of the water at 8 am.: Great Falls—Tem- perature, 36; condition, very muddy. ‘Weather in Various Cities. g Tempernture. i3 $m ) sutins. 8% g &8 R £33 Abilene, Tex. n; Asbury Park Atlantic City Baltimore. Birminght Bismarck Boston Buffalo Charleston Chicago - Cincinnati Cleveland . Denver ... RERGR| ccowE PERIILES TSR ERRIERER BSRRERSREEEEERRERERYRRE! pESERESuBLLRELRREUR TR RaRY: 48 S.fss'ztssazzsa.!a‘satza’mz‘mz:fisrsias:ssfi Philadelphi Phoenix, Aris 30.20 36 Pittsburgh. . . 29.96 34 Portland, Me. 80.02 20 Portland, Ore 30.02 30 8. Lake City. 30 14 24 San Antonfo, 30.00 14 San_Diego.. . 30. 50 52 50 36 26 10 —14 Pt.cloudy Clear Cloudy e e ey FEW IDLE IN FRANCE. PARIS, December 24.—There are only 16,400 persons officially recorded as out of employment in France. The nation is now in a position to receive forelgn labor. Wages, however, are low in comparison to scales existing in greater industrial ‘countries. The situation is regarded as unusually good in view of widespread unemploy- ment in Great Britain and other coun- tries. Latest figures received by the French government show that there are. 1,423,000 persons out of work in the United Kingdom. A bill to regulate the importation of foreign labor- into France will shortly be. {ntroduced. DRY GOODS AT STANDSTILL. NEW_YORK, December 24.—THe drygoods market practically was at a standstill today because of holiday preparations and the closing of the cotton exchange. Indications, how- ever, pointed to a firm tone in gray goods and some specialties when ac- tive trading resumes next week. A better sentiment is noticeable in re- gard to spring business. * Slight ad- vances are being asked in some cases ‘1‘:, sheetings. - Sateens are.. m. - 2 i ;:,Ewia‘“__ : 28 8 &5 Y| outlook. It may have signified that 1% | thusiastic over the prospects for 1922 CHECK TO UPWARD TREND DUE . TO MARKET READJUSTMENT Week's Reaction a Normal Decline, Fol- lowing Month of Almost Unbroken Ad- vance—Year End Slow-Down. BY STUART P. Special Dispatch to The Star. NEW YORK, December 24.—The check this week to the upward move- ment in the financial markets—simul- taneous in stocks, bonds and foreign exchange—has not implied any seri- ous change in opinion on the general WEST. gradually continue until it eventuates into &Jerlod of normal production and moderate, but reasonable, profits. Lower Costs Necessary. As is well known, the chief ob- stacles in the way of the return of profitable conditions in_ industry is the inability to bring about a thor- ough enough revision of labor costs. The principal difficulty in the path of wage reduction is the cost of liv- ing problem, and, as everybody real- izes, the reasonp why more progre: has not been made toward a solution is that the deflation of wholesale prices has not been passed along to the consumer, but that middlemen and many retailers have been getting an undue benefit. A campaign of investigation, with a view to punishing the gullty ones, has now been projected by the De- partment of Justice. It ought to have been undertaken long ago, but coming even at this date it is most welcome. If this crusade accom- plishes its object, in bringing to the public the full advantage of the de- cline in agricultural prices, it will be the greatest single accomplishment conceivable in the way of helping the business community back to go times. Buying Power Increases. Next to settling satisfactorily the cost of living question, the thing most to be desired is a return to bet- ter conditions for the farmers, upon whose buying power so much de- pends for the country's domestic trade. In this direction the develop- ments of the past week have been definitely favorable. In cotton, the shock occasioned by the discovery of the tremendous ex- aggeration of the crop shortage has been more than counteracted by the improvement in trade demands both here and abroad. In wheat, Europe ‘Wall street, in the advance during the first half of December, had al- lowed {tself to become a bit too en- In certain lines of trade. But mainly the decline was the normal reud- justment which markets invariably have that long move continuously in a single direction. In a word, the stock market has had the reaction which it was entitled to, after a month of almost unbroken ad- vance. The bond .market fulfilled the expectation that it could not kecp moving ahead in face of the competi- tlon of such an outpour of new cai ues as has bee; i for five months. G R Tmprovement fn Exchanges. In the exchunges the speculative ele- ment has counted as it has in stocks— that is to say, such decline as has occurred from the high leveis of a fortnight azo has been merely a teci- nical readjustment. It has in no wise taken away from the reality of the provement in European finances signi- fled by the zdvance in sterlin; from around $3.90 in the middle of Novem- ber to above $4.20, and the recovery in French exchange in a still shorter interval from 6.90' cents to the franc lo'rsfiao cents, e lessened activity in the vari- ous markets is quite in keeping with | the slowing down in business circles | preparatory to the end of the year. The actlve production of the steel mills is off about 5 per ceat from ‘the maximum of a month ago and prices of some of the lighter products, such as wire and wire products, have been cut again. Dullness has settled over the copper trade, while some of the automobile companies have been closing down plants, as_they regu- larly do at this season, for the pur- pose of stock taking. But whether it is steel, or copper, or automobile making, or oll, the forecast for 1922 has come to realize that it has been | overestimating the crops of 1921-22 and that it.is not as independent of the American surplus as it had sup- posed itself to be two months ago. The revival of the export demand has given the wheat market the most encouraging appearance that it has worn at any time since late in the Summer. The big_autumn movement from farm to market is over. It has been unusually heavy and has drawn down farm supplies exceptionally far. among the general run of business|The grain trade is beginning, there: men is_altogether hopeful. Nobody | fore, to get the reaction from the looks for a boom, but the- idea|state of almost panic in which it was thrown in the autumn by what now seems to have been unwarranted raports of tremendous oversupply. malinly expressed is that the recovery which was interrupted in Decembel will be resumed in January, and will Grain, Produce and Live Stock LOCAL WHOLESALE PRICES. GRAIN AND PROVISIONS. > | BALTIMORE, December 24 (Spe- Eggs—Strictly fresh, per dozen, 37: | i1y Potatoes, new, 150 pounds. 1.00 average receipts, 56; southern, 55. No. 2, 1.16a2.00; 100 pounds, 1.65 Live poultry—Roosters, per lb., 16; sweets and turkeys, per lb., 48a50; chickens, spring, per Ib., 27a28; keats, young, each, 50a60; fowls, 24a25. Dressed poultry — Fresh Kkilled spring chickens, per ib.. 25a30; he yam 2.00; 50a75; quart, 15a20; cabbage, ton, 40.00a45.0¢ carrots, bushel,-1.00; cauliflower, ba per Ib,, 26a27: roosters, per 1b., 20: tur- | o} "5 5024.50; celery, dozen, 50a30: keys, per 1b, 55a38; keats, YOUNE. | rgte, 2.2525.00: cucumbers, crate, 5.00 each, 60a70. a7.00: eggplants. crate, 2.00a4.00; horseradish, bushel, 3.50a4.00; kale, barrel, 1.00. Lettuce, basket, 1.00a3.0 100 pounds, 5.005.50; No. 2, 2.003.00; oyster plants, bunch, 5ai; parsni bushel, 70a90; peas, hamper, 4.00a5.00; peppers, crate, 4.00a6.00; savoy cab- bage. bushel, 35a50; spinach, barrel, 1.50; squash. crate, 3.5024.00; tomatoes. crate, 4.00a7.00; turnips, basket, 25a35. Pork—Dressed, small, per 1b., 10a11. Live stock—Calves, choice, per Ib., 12; lambs, choice, per lb., 8%; live hogs, per 1b., 8. Green fruits—Apples, per bbl 10.50; per bu. basket, 2.50a3.25; west- ern, per box, 3.00a4.50. alifornia lemons, per box, 3.00a3.50; California oranges, per crate, 6.50a7.50. Grape- fruit, 3.75a4.50. Florida oranges, 4.50a onions, . 6.00a 5.50. Tangerines, 4.00a5.00. Apples, packed, barrel, 5.00a8.00; Vegetation Potatoes, No. 1, per|NO. 2 4.00a5.00; bushel, 1.25a2.50; box bbl, 5.00a8.75; Dper sack, 3.50a.60; apples, 200a3.75; cranberries, barcel, cet | toes 3 . 20.00a28.00; grapefruit, , 3.00a4.. sweet potatoes, per bbl, 3.00a350 )\ 0 ngec box, 3.50a6.00; tangerines, Lettuce, nearby, per crate, 1.00al southern, per crate, 150a4.00. Cel- ery, per doz.. 75al.25. Romaine let- tuce, 1.25a2.00. Cymblings, per crate, 3.00a4.50. Spinach, per bbl, 2.00a2.25. Onions, per 100-ib. sack, 5.75a6.00. Cabbage, 2.75a3.25 per cwt. Cucum- bers, 3.00a6.00. Eggplants, per crate, 4.00a5.00. California tomatoes, per box, 4.00a4.50. Florida, 7.0025.00. Beans, 7.0029.00 per basket. Sprouts, 15a22l% per quart. Peppers, per crate, 3.50a 4.50. strap, 7.00a9.00. CURB MARKET. NEW YORK, December 24.—Busi- ness on the New York curb market today was dull and price movements in general were conflned to narrow limits, with the exception of a few o the recently prominent oil issues. At- tention generally was given over to the usual Christmas festivities. Cities service shares were again under pressure, especially the com- mon stock, which, in the short session of business. yielded sharply on com- paratively small offerings. Only frac- tional losses occurred in the preferred and bankers' shares. International Petroleum, Simms and Skelly Oil were quiet, but steady. There was little do- ing in the Standard Oil issues. Prices held around previous levels. In the industrial group Libby, Mc- Neil & Libby was in fair demand and improved fractionally. A fair inquiry developed for Phillp Morris. Other to- bacco shares were practically passed up in the day's trading. The motor issues were easier, especially Durant Motors of Indiana, which ylelded al- most a point. —_— HYATTSVILLE. HYATTSVILLE, Md., December 24 (Special).—The Washington Subur- ban Sanitary Commission, created by the legislature to furnish water and sewer to Maryland communities near ‘Washington, has issued a statement showing a balance consisting of cash on hand and in banks of $126,549. Some of the principal receipts an disbursements covered by the report are: Receipts—Sale of $100,000 par value §5 per cent bonds, $90,000; front foot assessmgnts, $25,907.99; water service charges, Hysattsville, $9,924.55, Interest on bank deposits, $8,072.58 house connection charges, $6,961.76; water service charges, Takoma Park, $6,630.27; interest on bonds, $1,627.78; | DAIRY MARKETS. BALTIMORE, December 24 (Spe- cial).—Live poultry, _turkeys, pound, hens, 50; gobblers, 45; old Toms, 40; poor and crooked breasts, 35: yvoung chickens, 23a24; poor and white leg- horns, 18a22; old hens, 21a24: small old 18a20; 20a! leghorns, ducks, and white roosters, 15; 23a28; pigeons, 2 fowl, each, 25a50. Dressed poultry, turkeys, pound, 48a52; old Toms, 45a46; poorly dressed and thin, 38a40; chickens, 22a23; old roosters, 15a16; ducks, 25a30; geese, 25a30. Eggs—Loss _off, native and first, dozen, 52; southern. 50. Butf amery, fancy, pound, 45a46; prints, 46a 4 earby cream- ery, 41a42; ladles, 3! ;_rolls, 28a30; store , 25a26; dairy prints, 28a30; process butter, 35a36. CHICAGO LIVE STOCK MARKET. CHICAGO, December 24 (United States Bureau of Markets).—Cattle— Receipts, 200 head; compared with week ago beef steers mostly 25 to 50 cents lower, plain to medium grades showing full decline; she stock, generally 25 to 50 cents low- er; veal calves, 1.00 to 1.50 off; stock- ers and feeders, 25 to 40 cents lower; Y, bulls, 50 cents lower. Hogs—eceipts, 8,000 head; active and strong to 15 cents higher than vesterday’s average, with lights up ‘most; shippers bought about 7,500 head; good elearances top 780 to 160 pound average; 7.50 for 150 to 190 average, bulk, 7.00a7.40; 10 to 15 cents higher. i = e taxes, Prince Georges county, $1, ‘Sheep—-Receipts, 4.500 head; prac- | taxes. Trinc : 973 gomery county, $3.149.5: tically all packers direct and all on | yoaiisville, $1,250; disbursements shipper account; compared with week ago, fat lambs and yvearlings about 1.00 higher; fat sheep and feeder lambs steady to 25 cents higher. —Contracts and_ projects, $134,439.3 right-of-way, Hyattsville, $551.50; salaries for engineers, exclusive of charges to plant maintenance, $50,- 932.69; wages, day labor, exclusive of wages charged to plant maintenance, $32,399.13; plant maintenance, Ta- koma Park, exclusive of charges for —_— FOREIGN EXCHANGE. Selling checks—dollar values at moon today: 4. o ‘15 | administrative overhead, $11.109.5; 5 90 |plant maintenance, Hyattsville, ex- Copenhage: clusive of charges for administrative Christiania . overhead, $11.641.12; system mainte- Stecklolaies nance, Takoma Park, $438.98; Hyatts- Ao ville, $2,603.15; general, $1,414.26; Montreal | house connection, $9,328.85; -salaries $6,000; salaries of of commissioner: employes, §,’0}.0 administrative office expense, interest on bonds, $46,16 NEW SHIP SERVICE. San. ¥ Georges :nd nd(ont‘.’omry county Between San Fran-|bonds redeemed, ,600; LA bonds, $6,200; par value, $5,497.23. cisco and New York. Total disbursements are given as $349,781.24. SAN FRANCISCO, December 24.—A direct passenger service between San Francisco and New York will be inau- garated January 3 by the Pacific Mail Steamship Company, reviving a serv- jce begin by the company seventy- four years ago, when passengers were taken across the Isthmus of Panama on muleback, it was announced last FORT FOOTE. FORT FOOTE, Md, December 24 (Special).—The Fort Foote Commun- ity Club has been organized by cit- izens of Fort Foote and vicinity, with a large membership and the fol lowing officers: Nathaniel E. Hun- gerford, president; Owen Thorne, vice president; Miss Melva White, treasur- er, and Prof. Lester P. Widmeyer, secretary. Joseph L. Blandferd and-Dr. John L. Sansbury spoke at the organiza- tion meeting. The association will work for road and school improve- ments, and plans. to provide recrea- tional features for the’ young pedple of the community. Regular meetings will be held the secorild Thursday in each month -at 7 p.m., in.the Fort Foote High School. night. 'ghe trip will take twenty-eight days and the four vessels in the service will sail at eighteen-day in- tervals, In addition to passengers, California food products and other freight will be carried. [ LATEST BOOTLEG SCHEME. NEW YORK, December 24.—Chris mas tree dealers were surprised yes- terday to find bottles of liquor nestling in the branches of firs shipped from a point near the Canadian border. This discovery, the retailers said. may explain why wholesalers showed reluctance to distribute the trees when they arrived Thursday night, and doled them out only after loud clamor by the dealers. P;ombn}omadantzra hld-‘h.exrd nathing of _mew_ bootleg_scheme | m« late 710 from last week. NEW YORK BANK STATEMENT, NEW YORK,, December 24.—The actual condition of the clearing house banks and trust companies for the week shows that they hold $28,383.690 reserve in excess of legal uire- ents. ‘This is a decrease of 38,655, ; 1 t1For some time Campany. is one of the largest manu- l‘: of ‘machi STOCKS ARE FIR, BUT RATHER SLOW Holiday Spirit Dominates. Coppers Leaders in the List. Financial Notes. By STUART P. WEST. NEW YORK, December 24—The stock market today upheld the cus- tom of Christmas eve, which, even in years of declining prices, has almost invarfably witnessed an upturn. The advances in the two hours of trading were for the most part small. They represented the retirement of sbort contracts put out earlier in the week, along with some fresh buying in the coppers, the low-priced oils and various specialties. ‘There was scarccly any businese at all in the foreign exchange market, in view ol the protracted holiday abroad. Sterling and continental rates as well left off a bit higher. The cotton exchange was olosed for business. but the grain markets were open and recovery continued in wheat ices. If there had been any doubt that the decline in stocks on Wednesday and Thursday was anything more than a normal reaction in a market which had been going up too con- tinuously, it must have been dispelled by the course of the dealings today. The coppers led the way, and some of them got back within a point of their highest a fortnight ago. Again this movement reflected confidence in the outlook for the copper metal in HLEVANORIA ALEXANDRIA, Va., December (Special).—The five new councilm: who will serve the city under the manager plan form of city govern- ment will receive a salary of $250 a year. The mayor_will receive a salary of $500 a year. The foregoing salary was fixed upon a few days ago at a meeting of the commission appointed for that purpose, which was held at the home of Dr. Arthur Snowden, chairman of thc committee. Other members of the committee were Miss Mary Lindsey, William P. Woolls, W. A. Smoot and R. £. Cleveland. The new council of five will be elect- ed at large, and a special election will be held June 6. They will assume of- fice, September 1, next. The five members so chosen elect a chairman, who serves as mayor. Already there is considerable specu- lation as to who will be elected. How- ever, there are no avowd candidates in the field for the office thus far. It is expected that no formal announce- ment of any who propose to enter the race will be made before next February or March. It is generally be- leved that there will be a consider- able number to enter the contest. The of police commissioners at a special meeting held at 10 o'clock this morning in the office of Mayor Duncan 24 ;{elected taree extra policemen to serve grr;)m lo;ii); ;flf] March 31, inclusive hose elected follow: Tanny Trigger, W. H. Hunter and C. Morris. = These policemen were provided for by the city council to serve during the win- ter months. Their pay will be $100 a month. Oscar Suthard, thirty-nine years old. died at 2:45 o'clock this morning at his residence, 429 Wiikes street, after a comparatively brief illness. The deceased was employed as an iron molder at the Washington navy yard. Besides his 2e is survived by four children. His fureral will take place at 2 o'clock Tuesday afternoon from his late resi- dence and burial will be in Bethel ceme- tery. The Elks, Salvation Army and Kiwanians together with other or- ganizations, this afternoon played the roll of Santa.Claus by distributing baskets to many of the poor familles of the city, thereby bringing hap- piness into many homes which other- wise would not have felt the spirit of Christmas. During the forenoon the members of the various committees in charge of this work were kept busy in pre- paring the baskets. There was a ®oodly number distributel by all. past these organi- zations have been busily engaged in the work of obtalning mames of per- sons who were in.need, and the re- sult was that the city was pretty well canvassed. - Two hundred children last night en- Joved a Christmas entertainment ®iven by the Business and Profes- sional Women's Club assisted by the Kiwanis Club. Presents were given each child, together with candv, nuis and an orange, and other things. Mrs. L. P. Woodward entertained the little ones with a Christmas story, after which Christmas carols were sung. This was followed by the serv- ing of ice cream and cake. There was a big Christmas tree and the hall was appropriately decorated with Christ- mas evergreens. At St. Mary's Catholic Church Christmas will be ushered in with the celebration of a solemn high mass at midnight tonight. The order of serv- ices Christmas dey at that church will be as follows: Masses, 7, 9 and 11 o'clock. At all of the services tomor- row special Christmas musical pro- grams have been planned. The marriage of Miss Pauline Stout, daughter of Mr. and Mrs. Marshall Stout, and Joseph E. Schafe, both of this city, took place 3 o'clock yes- terday afternoon at Forestville, Md. The couple were attended by Mr. Les- ter Simpson of this city. Mr. and Mrs. Schafe will reside here. RIVERDALE. RIVERDALE, Md., December 24 (Special). — Riverdale, through its town councils, will ask the legisla- ture next month to act favorably upon a proposed amendment to the town charter enlarging the corpora- tion by twenty to twenty-five acres. The town has grown rapidly during the last few years, and is beginning to feel somewhat cramped for room. Other proposed .amendments ap- proved by the council for submission to the legislature include one giving the town bailiffs the same “privi- ledges” now enjoyed by county con- stables. The “privileges” it is ex- plained, mean the authority of the town officers to carry weapons, the right to do which is not absolutely certain in thé council’'s min town also wants amendments giving the town authorities control ver the slot machines or other ‘gambling” devices; providing for the issuance of building permits; regula- ting the keeping of swine, cows, pigeons and fowls within the corpo- rate limits; providing for the main- tenance of fire hoge and other fire- fighting apparatus; providing for the licensing of dogs; providing that justices of the peace within the cor- porate limits shall turn over fines to the town treasurer; fixing compensa- tion of town assessors at $25 per an- num; providing that assessable prop- erty shall include personnal as well as real estate and providing that the road rebate money shall be spent in the repair and improvement of stree sidewalks, street signs and roadw: of the town. The present charter provides for the spending of this money only. on the roadways and streets. ‘The council has decided to take a new census of ¢he town the first week in January. MASSEY HEADS BIG FIRM. TORONTO, December 24.—Vincent Massey has been selected president of the Massey-Harris Company to isucceed the late Thomas Finley and 1Joseph M. Shenstone, vice president of this co%ipany, has been named |chairman_of the board of directors. { Thomas Bradshaw, the general man- ager, will act as the company’s chiel executive officer. Massey-Harrls | facturers barvestl, A “m world. ool