Evening Star Newspaper, January 4, 1922, Page 24

FINANCIA EAPECT DEGREASE INBANK DEPOSTS Holiday Withdrawals Are Likely to Show in Decem- ber Statements. Due in no small part to witadrawal of funds for holiday purposes, indica- compilation. hington banks as of the call of the controller of the cur- rency for December 31, 1921, will show a decrease in comps that deposits in rison with the total ted September 6, the date of the previous Several of the larger national banks will Teport losses as a doubtless true rtgage Company opened for business Decémnber sits amounting to $128,006. | Full tabulation of deposits for all banks Will be issued shortly. New Trust Company Under Way. Authorization to proceed in the sub- scribing of stoc new Mer-- )f the stock- Peter A. Drury, yesterday. s the Merchants’ greed to subscribe to the new stock in amounts equal to th, ¢ now hold in the old i ary to con- that subscriptions to the of the new concern have been coming in rapidly. the board of di- Grangeville nt of the Mer- st Company, and ident of the Peo- added to the b road between Washington and Lee: oon_as the ther permi of the compan: further that 5 s constructing and Virginia. President Willard Optimistic. r letter to all stock- t Daniel Willard of rporation sounds an optimistic immediate future. which has 1 think we 1_thankful. in common with nd in fact with all ther railroads and for that temporarily, its operations In short, the Bal- timore and Ohio Company has been circumstance ace the problem of ion in” busine reason has been forced, from the war to ive all been forced to do as individuals. tion and as individuals, we weil ordered and it is ho this will be re- in a larger and more profit- coming year, able business and, I trust, with the continued co- operation of ployes alike—that the Ohio Company and all in its service tir share of the pros- perity which 1 firmly believe the near future will bring to us all.” —_— altimore and Washington Stock Exchange | 000 at 104%, $2,000 Iway and Electric general 6s A ‘Washington Gas 53—$1,000 at §8%, $1,000 and Asked Prices. PUBLIC UTILITY. PBid. <. and P. Tel. of Va. r ang ref. 7s. Washington Gas 3 Washington Gas atiousl Savings and Trust. ‘Washington Loan and merce and Savi t Washington b Al rgenthaler Linotype - S0i Dutch Market com Tanston Monotype .. Security Storage Washiugton Market seveaceree *26 _— DIVIDENDS. Fe Rwy. Co., q. Mer. 1{NYNHE& Atiantic Refining Feb. 1| Northern Pacific. . Peb. 1| Oklahoma Prod. 'NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Mexican Pete. Miami Copper. Middle States Midvale Steel. . Minn & St L (n) . MinnStP&SSM. 65 MOoK&TwWI1. . 8% MOK&TpPpIwi... 5% Mo Pacific. . 17 Mo Pacific pf. . % Montana Power... 63% Montgomery Ward 13% Natl Biscuit...... 123% Natl Biscuit pf. us% Natl Cloak & Spf. 6 Natl Enameling... 364 Nevada Copper.... 4% N Y Central. k3 NYChi&StL. 52% N Y Air Brake..... [60 N Y Dock. 80 North America. “% % Ohio Body & Blow, un;: Orpheum Circuit.. 18% “ws 6% 2% 2% 13% ] Open. Iigh. Low. Close, Adv Rumley...... 1% 1% % Alr Reduction.... 4% 4T 4% 4T% Ajux Rubber...... 16% 16% 16% Allied Chemical... 85% B66% B6% 66% Allfed Chemical pf 101% 101% 101% 101% Allis Chalmers. ... 38 38% 8% Am AgrChem..... 29% 30 30 Am AgrChem pf.. 58% 59 5 Am Bank Note.... 51 5 [ Am Beet Sugar.... 33% 35% 6% Am Bosch. . uw 5% 6% Am Brake Shoe... 5% 5l% 51 AmCan.... 33 3% 2% Am Car & Fdy.... W4 145 5 Am Chicle Co..... 11% 1% 1% Am Cotton Oil. 20% " 21 21 Am Cotton Oil pf.. ¢ 44 “ Am Druggists. % 4% 4% Am Hide & Lea 12% 13% 13% Am Hide & Lea pf. 58% 59 59 Am Ice. . 81 8 Am Ice pf 2% 2% Am Internatio: 0% 8% Am Linseed....... 0 30 29% Am Linseed pf.... 56 5 56 Am Locomotive. .. 103% 105% 106% Am Loco pf....... 118 113 m Am Safety Razor.. 4% 4% 4 Am Smeltin “h Am Smelting pt. 6% AmSnuff....... 110 Am Steel Fdy. 2% Am Sugar. 8% Am Sugar p! 8 Am Sumatra 8% Am Sumatra pf 68% Am Tel & Teleg. 14% Am Tobacco (B) - i 128 Am Tobacco pf (n) 9% 7% 1% Am W Wks 6% pf.. 17% 1% 1% AmWa Wo7%pf.. 61 67 61 Am Woolen....... 8% ™% 9% Am Zinc & Lead... 12% 1% 1% Anaconda. 9% 49 Asso Dry G i 4“4 Atchison. . 92t 2% Atchison pf. 4 85% 8% { Atlantic Cst Line.. 3% 8% 8% | Atlantic Fruit Co.. 2% 2% Atlantic Gulf..... 29% 30% Atlantic Gulf pf... 20% 20% Auto Sales Pt FU T Baldwin Loco..... 9% %% Balto & Ohio. 34% 4% 343 Balto & Ohio pr... 63% 5% 52% | Beth Steel........ 2% 62% 62% Beth Steel (B).... 55% 664 557 Beth Steel 3% pf.. 104% 104% 1044 Booth Fisherles... o4 5% 5% Bklyn Rap Trctfs. 6 6 6 Burns Bro: 6% 1% nk Burns Bros Bw i.. 30% 31% 31k Butte Copper. . 5% 6% % Butte & Superior.. 20% 22 2 { Butterick. 304 0% | Caddo Oil. 10% 0% California Pckg... 6% 6% 69 California Petrol.. 45 4 46 Canadian Pacific.. 11%% 119% 1% Central Leather... 30% 30% 0% Central Leath pf.. 6% 64% 6t Cerro de Pasco.... 88 34 8 Chandler Motor... 48% 4% 8% Ches & Ohio 55% 65% 3 Chi & Alton . % 4% 4% Chi & Estn 11l 1B% 18% 1% Chi & Estn1lipfd. 83% % B/ Chi Great W pf.... 15% 1% 1% Chi Ml & StP..... 181 18% 1% ChiMil &St Ppf.. 31 % 82t Chi & Northwn. ... 62% 63 63 Cni R1& Pacific.. 3l% 31% 81% ChiR1&P6%pf.. 1 Tk 0% ChiRI&P7%Df.. 81% 8% 8% { Chile Copper. . 15% 15% Chino Copper. 2 26% CCC&StLouis.. b 64 54 Cluett Peabody. 4 4 4% Coca-Cola. 2u 2% a% { Colo Fuel. . 24% 25 2% Colo & South . 38k 384 8% COlGaB. . eaeeeees Gila 65% 6l Col Graphophone.. 2% 2% 2% Col Graph pf.. 9% 9% 9% Comp Tabulator.. 5% 67 [ Cons Gasof NY... %0 9% 0% Cons IntlCal Min. 5% 5% 5 Cons Textile. 1 1 Cont Can. 6% “ Corn Product 8% ijh Cosden & Co. E 33 Crucible Steel. 5% 6% Cuban-Am Sugar.. 1% 1% 1% Cuba Cane Sugar.. 8% 9% 9 Cuba Cane Su pf... 1% 16% 16% Davidson Chem... 60% 621 62% Del & Hudson. . 108% Del Lack & Wstn. . 118% 119% 9% Dome Mines. . 1B 18% 18% Elk Horn Coal.... 164 16% 6% Emerson-Brant... 2% 2% 26 Endicott-Johnson. 77 Ti% ™% Erie. 10% 0% Erie 18t D! 1% 15 Erie 2d pf. 10% 10% Famous Players.. 5% 6% [ Fisher Body 80 81 81 Fisher Body pf....106% 106% 106% Fisher Body of OPt 77 7 k4 Fisk Rubber. us 12 12 Freeport Texas... 13% 13% 13% Gen Asphalt...... 60% 62% 62% Gen Asphaltpf.... 97 9% st Gen Cigar. 6 68 6 Gen Cigardeb..... 9 94 92 Gen Electric. ..... 157% 138% 138% Gen Motor: 93 9% 9 Gen Mot 6% deb... 6% 69% 69% Gen Mot 7% deb. &2 8 Goodrich. 3 36 Goodrich p! 2% 82 Granby Consol. 2 2 ay & Davis 13 13 Great Northernpf. 73 W% 2% Great Nor Ore. .... 31% 81% 1% Greene-Cananea.. 21 27 27 Guantanamo Sug.. 9% 9% 9 Gulf Mo & Nor. 5 b5 5 Gulf States Steel.. 4% 45% © Harbishaw Cable. 1% 1% 1% Haskel & Barker.. 77 77 kil Hendee Mfg n u 1 Houston Oil....... 74 7% 3% Gupp Motors. u% % 1% [linois Central.... % 98 % indiahoma. 3% 3% ‘3% Inspiration. 3% _38% 88 __ 88% Interboro To... 1 1T 14 1% intlAgriChempf. 34% 3 84% 35 Intl Harvester.... §0% 8 8% 8 Intl Harvester pf..106 106 106 Intl Mer Marine... 13% 13% 18% Intl Mer Marine pf 62% €4% 6% Intl Motor Truck.. 2% 21% 2 Intl Truck 1stpf.. 2% 73 Intl Truck 2d pf. 5 5 Intl Nickel. % u% Intl Nickel pf 60 60 60 intl Paper. % bl% 5% Invincible Oil..... 13% 13% 13% Iron Products u% % i 1sland Oil. 215 234 Jewel Tea..... 10% ) Jewel Tea pf. 38Ys 38% 38% JonesTea........ 6% 7% % Kansas City Sou.. 22% 23 z KansasCSoupf... 88 & [ Kansas & GulfCo.. % % % Kayser (Julius).. 8 8 8 Kelly-Spring Tire. 36% 36% 5% Kelly-Spring 8% pt 9% %% 0% Kennecott. . 26 26% 26% Keystone Tire. 16 16% 167 Kresge (SS). u3 % Lackawanna Steel 4% 45% 45% Lee Tire & Rubber 21% 28 2 Lenigh Valley.... 56% 61% 5% Lima Locomotive. $3% 95 % Loews InC..... 13 1B 13 Lott Inc. M 9% 9% Loose-WileS.ee.0o 37 37 36 Manati Sugar 0% 34 34 Manhattan Elev... 36% 364 36 Manhattan Shirt.. 33 8§ Market St prior. 35 £ % Marland Oil 25 2% 2% Martin-Parr; 2% 21 21 Mathison Alkill... 24 24% 2u% Maxwell (B,....... 13 13 12 May Dept Stores.. 102 105 101% 105 Open. High. Low. Close, Otis Elevator. e 16 1 Otis Steel. . 9% 9% 9% Pic Gas & Elec. 6 6 6 Pacific Of1 6. u% 6 Pan-Am Pete 61 4% 6L Pan-Am Pete (B). 45 46% 45 46% Panhandle. ... n n n n Parish & Bingham 12 1% 12% 18 Pennsylvania % 8% 3% 9% 9% 9% '8 Gas...... 5% 61% 9% 61 Peoria & Eastern. 1% L% % 1% Pere Marquette... 19% 204 19% 204 Pere Mrq prior pf. 6% 6% 64% 64% Pere Marqpf..... 51 61 6 5l Phila Company... 32 sk $1% 8% Phillips Jones. % 9% 2 92 Phillips-Jonespf... o1 o1 81 91 Phillips Petroleum 80 %% 30 0% ;}erce-:rrow. 18% 13% erce-Arrow pf. % Plorce Ol.. .. .. e fi% Plerce Oil pf. 0% 0 Fitts Coal 61% 6% 61% PittsCoalpr...’. &3 9 @ Pitts& W Va....." 204 2% 24 24% Pond Creek Coal B 15 15 15 l;relaed Steel Car. 63% 64 6% 64 ressed St Carpf. 91% 91% 91% 9% Producers& Ref... 26 24 2% 2% Pullman Co 106 106 106 Punta Alegre. 3% 81 3% Pure O1l. ., 36% 36% 86% gnilw-y St1Spr... g5% 96 o4% 94k RayConCopper... 1% 1% 4 1% eading. ... ., % T2 Reading 1st pt. . “U u% Reading 2d p¢. 5% 8% Replogle Steel Rep Iron & Steel Rep Motor Truck.. 4 Ries Robert S e S dg Royal Dutch. R .. 49% 60% 49%% 49% StJoseph Lead. . 1o 1w 13 18 StLouls Southwn. 20% 21 20% 21 StLoulsSownpf.. 33 a% s 3% Santa Cecilia Sy, SEviEa A a2 2] (el R Saxon Motors, . 'y e Seaboard Air Line. 2% 2% 2% Seaboard ALpf... 41 4% 4% Sears Roebuck.... 61% 61 61% Sears Roebuck pf. 15 Seneca Copper. ... . :‘:m,tlluclhAl:-Azona. % Shell Trad & Tran. Sinclair Oil. ... 1o Sloss-Sheffield. Sloss-Sheffield pf. So Porto Rico Sug. 41 Southern Pacific. . Southern Railway, 18 Southern Ry pf... 4% Standard Milling. , 114 Stand Oil of Cal.... w33 Stand Ollof NJ.. 171 Stand Oil N J pf. .. 114 Steel & Tube pf... 7734 Stromberg Carb... 37 Studebaker....... 8% Superior Oil 6 Superior Steel . z Temtor Corn (A).! Tenn Copper...... g Texas Company. .. 43% Texas Gulf Sulphur 3s% Texas & Pacific... 25% Texas & PCé& Oil. 21% Tide Water Oil.... 130 Tobacco Prod..... 613% Trans Contl Oil... 10 Union Bag & Papr. 69 Union Oil. . 7% Union Pacific.. nion Pacific pf... 713 United Alloy Steel. g‘v: United Drug. United Fruit. United Retail S USFood Prod.... 9% U S Indus Alcohol. 3814 U S Realty. U S Rubber. U S Rubber 1st p: U S Steel. USSteel pf... Utah Copper. . Utah Securities Vanadium Corp. Va-Car Chem..... Va-Car Chem pf... 68 ValronCoal &C.. 8 Wabash..... Wabash pf A. . Wells-Fargo Exp. 68 Western Md 2d.... 14% Western Pacific... 15% Western Pacpf... G2 Western Unlon.... %% Westhse E & M... 49% Wheeling & LE... 17 White Motor. ..... 88% White Oil.. A Wickwire Spencer 1% 14% Wilson Company.. 21% 2% 2% 2% Willys-Overland.. 5% 5% 6 6% Willys-Ovld pf.... 26% 26% 26% 26% Woolworth....... 139% M4l 139 M1} Worthington Pmp 44 ¢% &% 4 High. Low. Last. Call Money. . % 4 4 HOURLY SALES OF STOCKS. 1lam..... 236000 12m.......433 900 1pm..... 56260 2pP.m..... 63 600 MARKET IS AGTIVE; RALLY 1S GENERAL BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January 4.—Recovery was general in today’'s markets Stocks went through the forenoon with some further weakness before the rally started. Wheat and cotton ‘were stronger from the outset. This prompt and simultaneous recoil show- ed plainly enough that the causes back of yesterday's rather violent | turn were of no very serious conse-, quence. The bank troubles at Chicago were ‘evidently a purely distinct case. They did not suggest in the least the pres- once of other weak spots in the bank- ing situation. As for the cut in oil prices, the market was more disposed today to agree with the best trade opinion, which is that the unprece- |lower; bulk desirables, 7. dented heavy shipments from Mexico ‘will_not continue for long and_ that thero is no reason to apprehend any further reaction of importance in the oil industry. Heavy Selling at Outwet. So far as the commodity markets were concerned, yesterday's selling was altogether impulsive. The heavy western liquidation both in wheat and | in cottom was the hastily formed notion that the Chicago bank diffi- culties were symtomatic of some larger weakness. When it was dis- covered this morning that this view was wrong speculative Holdings were quickly taken back. In stocks the selling was quite heavy for the first hour or so. Oil shares were carried dowh another point and so were the equipments and other recent speculative favorites. Railway shares were weak, especially the low-priced ones. The selling in this instance undoub®dly had in mind the fact that the heavy cut in rates on agricultural products took effect on the first of the year and will begin to show for the first time in the Jan- uary returns. Sugar and Steel Leaders. Sugar stocks and steels were the two strongest groups in the market. In both cases the reason was found to be in the latest trade developments. | tories ‘While the morning's news that buy- ers of raw sugar had raised their bid 1-16¢ In the pound might have seemed to make only a trifiing difference, even this slight advance was significant in view of the expressions of opinion re- cently coming from high trade quarters that the sugar industry has turned the corner. The weekly steel reviews were per- haps the most encouraging of any o0 far. December saw the largest pig iron production in any menth in al- most & year, and inasmuch as the whole steel trade takes its view from the iron output, this is a fact of much importance. The Iron Age made the statement that the new year opened with “a spirit of qualified hopeful- ness,” the essential thing beink the low state of supplies on hand. Irnmd Drug 8s, 1041, West End Cons 8. Realty and Tmy Wright-Martin . S. Rubber 3s, CHICAGO— { bureau i ceipts, BOND AND CURB MARKETS. (Furnished by- Redmond & 00.) (Furnished by W. B, Hibbs & Co.) U. 8. LIBERTY BONDS. : o, (T 6| Acme Packing . 50 T 69 ety B Aetna Bxplosives 12 14 U s, Allied OI1 . 2 3 Ul 8! Liberty int 4 WV U. 8. Liberty 24 414s. 25 27 U. B. Liberty 8- 4%4s. b4 54 UC B Liberty ath 4la 58 w0 8. Vietory Boston and Wyomi: 6 k4 U 8. Victory 3% Caledonia yomlug :% :,,% - OTHER BONDS. oot 127 18 City of Rio de Janeiro 8s 1046. T T e St French Government 8s 1945 rib Syndicate . 3% 4% French Government 738 1041....... 9414 | Car Light and Power. 80 8 Government of Switzeriand 8s 1940 ... 116% | Cities Bervice (new). 181, 18% e ities Service pfd. Unfted Kingdom 5l4s 1922. 3004 | Commonwealth, Fi 35 50, United Kingdom 5348 1929. 99 | Consolidated Copper I 96% tinental Motors American Agrl. Chemical 73%s 1941 .... 100% son_ Gold ‘American Tel, and Tel. conv. 68 1925, . 108% | Davis-Daly 87% | Dominion 0il 9 Durant Motors 251 Basin ... .. 6% Ergineers’ Petroleum . 54 ‘Atlus Powder Co. 748 1986.. Eureka Croesus = Baltimore and Ohlo conv. 4%s 1083. Farrell Coal 21 Baltimore and Ohio 6s 1929. s Federal Ol . 1% Balumore and Ohio 8. W. Div. 3%8 1025 88 | Fensland 0l 01y Bethlchem Bteel P, M. bs 1936. 868% | Gillette Safety Razor. 170 Brooklyu Edison liland 01l 4% Burlington (N. P. 2 43k Canadian N Canadian N -4 12 131 Central Pacific 45 1949. Tutercontinental Rubber [ Chesapeake and Ohio con Iuternational Petroleum (new).. 16 6% Jerome Verde Kay County Gas Luke Torpedo . Liticoln Motors Lone Star Gas. exapeuke and Ohiv conv. 54 1940, feago, Mil. and St P. refd. 414w Cut, B, ana S, Paul conv. 44a 1 Chicago Northwestern 6y 1988.. Ehtente, BT wud . rerdi, A 1934, Chicago Union Station 8lys 1963. Mugma_Copper Cuba, Cane Muracaibo 01l Delaware Mason Valley Merrit Ol . Midwest 0il "com. Midwent il pfd. Midwest Refining Mountain Produce Nevadn Ophir Du Pont Tt 1931 Erle general lien 48 100 seneral Electric 6s 1940, dyear Tire and Rubbe and Trunk 78 1940 Great Northe Ilinols Central Sis. 1004, International Merc. Mar. 63, 1941 Int. Rapid Transit 1st and’ ref. Kelly-Springtield Sy 1631, Louisville and NaShville ‘7s, Missour, Kansas und Texas 1st Missourl’ Pacific general 4, 1 1930, i 194 Northwestern 0il % | Omar Oil (new) Pennok OiL erfection Tire roducers and Refiners. Packard Motor_Car ¢ 1968 Pennsy R. 615, Supulpa_com. Pennsylvania 7s of 1830, L Simms Petrol Pennsylvanin gen. mortgage 1128, 1965 Skelly 01 Rending general 4%, 1907... Southern Lou's and San Francisco 4 St o ine St. Louis and San Frane Seaboard Air Line s, 1945, Senboard Air Line refdg. 4s, Line adj. 5s, 1949, flc 1st ref. 4 fic conv. 4w, 1 Sweets C United Eastern utl Southern Rallway Union Pacific 1st 4, Union Pacific conv. 4 Union Pacific_6s, Wuyne Coal . S Rubber Tis, 1930 Armour Leather com. U U U v v v ited States Steel S, F. 5s, 1951 9% | A fmour Lenther pfd O Corp, s, 1930 200k | Armous pea - 20 o irginia-Carolina Chemical 7 3% | Cudahy Pucking . i Western Union 61s, 1030, 21068 | 1A e Wilson & Co. 1st 8s, 1941. 93% | National 1y Swift & Co L SHORT-TERM SECURITIES. Union Curbide . g:i (Furnished by Redmond & Co.) = OIL STOCKS. American Tel. Awerican Te American Thread € American Tobaceo Anglo-American 0l Co. Borne-Scrymser | Buckeye Pipe Line Co American Tobacco Co. 1024 | Cheseborough C 1 o orough Manufac o, Araconda Coj 513 Continental 011 Co S Anslo-American 103 | Crescent Pipe Line”G Armour & Co. 2 . | Cumberlana Pi Bethlehem Steel Ty 19 100% | Bun ) Bethlehem Steel 73 19 Bethlehem Steel 7s 1935 1004y Ce: an Pacific 6s 1 9Ty Central Argentine 6s 1927. 89y Chicago, R. & Pacific 6s 1922, 99% e L SR e e aor w York Transpo . | Northern Pipe Line Co. 1008 Qbio i1 G0ttt 3 | Pennsylvania Mexi 192% | Prairie 0l and Copper Export “'A' 104 D . Crtuy Pucking, Co. lo1 |Erairie Pipe Live Co B. F. Goodrich T8 ar Refibing Co. . 10314 | Soutbern Pipe Line Co.. South i Humble 0il Kennecott ¢ Procter & It. J. Reynolds 6 Sears, Roebuck & Searw, Roebuck & Co. Sinelair Con. Ol 7is 1925, Southern Railway 68 1923 Southwestern Bell s 192 Swift & Co. 2: Swift & Co. dard Oil C & Finch Union Tank Western Noon, ——— Offer. 100 7-32 . 1003-16 100 9-32 .10 1003 o > j00 0 1 4345 June D1 100 —_— 28 -)l‘un i . :w 17-32 }:» ugust 1, - 100! & = emer 15, g0z 0r 10332 |Declines and Advances Are s December 15, 1922 1009-16 100 11-16 iy | dmd About Equally Di- 5343 September 15, —_— FOREIGN EXCHANGE. Selling checks—dollar 4.21 vided. values at noon today. BY STUART P. WEST. London Budapest KT Paris Prague . 1 EH Special Dispatch to The Star. Brumels: TR NEW YORK, January 4—It was a ¥ X Christiania very uneven bond market today, with Madrid Stockholm . . 2 Mansay Ry a reduced volume of business. There Athens Belgrade . was not the same amount of evidence Vienaa AlGatpealss as on the preceding days of the pres- ence of the January reinvestment de- mand. Declines and advances were about equally divided, but with a slight preponderance of losses. The United States war group stood prac tically still all day. The only fea- tures among government issues were the Swiss 8s, which sold at a new high at 115%, and the City of Bern 8s, which were up a half point to 108. Otherwise changes in this sec- tion of the market were trifling. The weakness in Kelly-Springfleld stocks, following the passing of the stock dividend, had a further senti- mental effect upon the & per cent bonds, which were off a half point or so. United States Realty 5s sold at 92, as against their high of 94, but this decline implied nothing more than a normal market readjustment. Mercantile Marine 6s were off nearly a point and Pacific Gas and Electric 5s a half point. On the other hand, Diamond Match 7%s reached a new high at 109. More Losses Than Gains. In the raflway group there were more losses than gains. While re- ‘covery continued in some issues like the St. Paul convertible 4%s and the Erie B's, which have recently been under special pressure, this was more than offset by losses of a half point to a point in_such,representative bonds as the Baltimore and Ohio convert- ible 41%s, the Big Four 6s, Southern Pacific_convertible 4s, convertible 4s and St. Louis and San Franiso prior lien As. e American League records show that “Babe” Ruth pitched two games for and won sociated Press. YORK.. January 4.—Foreign exchauge heavy. Great Britain, de- mand, 4.19%; cables, 4.20%. Sixty-day bills on banks, 4.16%. France, demand, 8.00%%; cables, 8.01. Italy, demand, 4.26% cables, 4.27. Belgium, demand, 7.65%; cables, 7.66. Germany, demand, 513,; cables, 52%. Holland, demand, 36.68; cables, 36.74. Norway, demand, 15.65. Sweden, demand, 24.75. Den- mark, demand, 19.95. Switzerland, de- mand, 19.35. Spain, demand, 14.93. Greece, demand, 4.28. Argentine, de- mand, 33.50. Brazil, demand, 12.80. Montreal, 95% e e CHICAGO LIVE STOCK MARKET. CHICAGO, January 4 (United States of markets). — Cattle—Re- 8.000 head; slow, mostly steady; weak to lower on plain grade beef steers; top yearlings, 9.50; good heavy steers, 8.65. Hogs—Receipts,_ 20,000 head: steady to 25 lower; top, 8.00; practical top, 7.75 on 170-pound averages; bulk of sales, 5.80a7.35; pIgs, slow, 25 to 40 5a8.00. Sheep — Receipts, 10,000; Killing classes generally strong to 25 higher; wet fleeces a_factor; fat lambs to shippers, early, 11.85: top, 1L50; choice handy clippers, 10.25; fat ewes, top, 6.25; few feeders here; early bids steady. By —_— BAR SILVER QUOTATIONS. NEW YORK, January 4.— Foreign bar silver, 65; Mexican dollars, 49%. LONDON, January 4.— Bar silver, 34%d per ounce. Money, 2% per cent. Discount rates, short bills, 3% |the Yankees last season, per cen three months' bills, 3i; [ both of them. per cent. ‘VISIBLE SUPPLY OF GRAIN. NEW YORK, January 4.—The visible supply of American grain shows the following changes: Wheat increased 37,000 bushels. Corn increased 1,711,000 bushels Oats increased 457,000 bushels. Rye increased 328,000 bushels. Barley decreased 185,000 bushels. BRUSH TRADE ACTIVE. PHILADELPHIA, January 4.—For| the first time in forty years a manu- facturer of brushes made two inven- in_ 1921 because of receding prices. He considered it good policy to know just what his stock was worth at ~current quotations. The same man says it has been many years since he had o many orders for Shipments the coming spring. . Paint- ers’ brushes have been very active. _— MOTOR MACHINES POPULAR. | PHILADELPHIA, January 4.—The popularity of portable motor-driven sewing machines is increasing. salesman for these machines says the change reflects the willingness of the [ American women to adopt household | convenienoes. Although sales for do- 'mestic uses this year have equaled those of 1920, ections, especially of time-payment accounts, have been slower. 5 970}7 ]al;y on/! ShePB Semi-Annual Clearance Sale Yhroughout the Store Union Pacific Grain, Produce and Live Stock| GRAIN AND PROVISIONS. LOCAL WHOLESALE PRICES. BALTIMORE, January 4 (Special).| Eggs—Strictly fresh, per dozen, 52; 0a |average receipts, 50; southern, 48. —Potatoes, new, 150 pounds, 3. % No. 2,'2.00a2.25; 100 pounds, 1. Live poultry—Roosters, per lb., 17; No. 2, 1.00a1.25; sweets turkeys, per 1., 4546; chickens, spring, barrel, 3.00a4.75; No. 2, per 1, Keats, young, each, 50a60; 2.25; , 1.00a1.75; No. 2, owls, i beum‘bl‘x‘:yg;ler 12? o"sa.zs beets, bu. Dressed poultry—Fresh-killed spring el, 75a80; brocoli, bushel, 50; c ckens, per lb., 30a32; hens, per Ib., bage, ton, 40.00a60.00; carrots, bushel, | 5587 rnus'::-z.xl);r u‘:‘-’E 2::1.;:“':0?’7‘:!' per 3 v 04 - 3 , YOt 3 ch, ). L Tt 2 soad Pork—-Dressed, small, per Ib., 11ai2, celery, dozen, 50a1.00; crate, 2.50a4. Cucumbers orate, 6.0029.00; esgplants, | Live stock—Calves, *choice, "per ib.. 13; lambs, choice, per 1b., 8%; live 12 grate, 3.00a4.00; 'horseradish, bushel, | amis e .50a4.. , 2.00. 3 - $084.00; kale, barrel, 800, 5: onions, |, Green fruits—Apples, per bbl., 6.00a 100 pounds, 5.00a5.75; No. 2, 2.00u3,00; [ 10.60; per bu. basket, 2.50a3.25; west- oyster plants, bunch, 5a7; parsnips, | Der box, 2.73a450. California bushel, ©70090; peas, hamper, 4.00a |lemons. per box, 5.60af00; Galioill 5.00; peppers, hamper, 3.00a3.50; rad- [ PrenEcs, per crate, Rk s s fshes, bunch, 3ad; savoy cabh fruit, 350a4.50. Florida oranges, 4. 50; spinach, bushel, 1.00a1 5.00. Tangerines, 4.0025.00. 1 rate, 3.5004.50; ~ tontatoes, |, VeBelables—Potatoes, No. 1L, crate, 3.0026.50; turnips, basket, DUL, S8 2.0002.70; Silper i imack Avples, packed, barrel, 5.00a8.00;170 Dot . D i0a No.'2, 4.0085.00; bushcl, 1.50a%.50; box | Leituce, nearby, per crafe, T apples, 2004400, cranborrics, birs, |G : o T 30.00a35.00; grapefruit, box, 3.0044.00; s g be oranges, box, 2.50a {angarines, s Symblings, Dot sai00; strap, 5.00a7.50; strawberrics, quart, | Goijone” SPC Pl 5750600, dosst: Cabbage, * 3.25a3.50 per cwt. Cucum- Selling Prices at Noon. bers. 3.0 Eggplants, per crate. Wheat—No. 1 red winter, spot, no |4.00a5.00. California tomatoes, per box, quotations; No. 2 red winter, spot, | ‘j‘;:{ ‘;3. ‘Jori ;-‘,nm}?'zna’fil;:r' LIS o direliminter @atlicky, 001 cppers, per crate, 5.0029.00. 1%. Corn—Cob corn, old, vellow, quoted P e TR at 2.70 per barrel; contract corn, spot, 5814 nominal, per bushel; track corn, vellow, No. 2, 62 per bushel. Oats—White, No. 2, 45a45% per bu W No. 3, 42%a43i¢ per bu. Rye—Nearby, 85a95 per bu.; No. 2 88; No. 3, no Lessened Demand But Somewhat Broader Activ- ity Is Reported. Lessened bills of ac western export, spot, quotations. Hay—Receipts, none; range from 16.00 to 21.00 per ton, with a better demand, and that demand is centered on best grade of timothy and mixed grades. Straw—No. 1 rye, nominal, 15.90; No. 1 wheat, tangled, 11.00; No. 1 oats, nominal, 11.00a11.50. CHICAGO, January 4—General buy- ing, which included some on forcign account, gave the wheat mark day a decided upward swing dur the early trading. It was a generall accepted opinion that the reports cir culated yesterday concerning the credit of prominent houses on the board of trade were without founda- tion. There was also considerable disposition to regard the selling y terday as having been much overdon. Opening quotations, which from 1 to 3% high to 111, and July, were followed by continucd s at a_ moderate setback from top figures. Corn and oats sympathized with the wheat rally. After opening % to 1% higher, May, 521 to 53%, the corn market held the greater part of the gain. Oats started unchanged to % higher, May, 37% to 37%, and then scored an upturn all roun Firmness of hog values helped to strengthen provision demand generally for sptance, but a somewhat bro; r activity, was reported by the Federal Reserve Board today in a wr-end survey of conditions in the acceptance markets of the twelve re- serve distriets. Activity prevailing in the bill mar- ket in November did not continue in December, Boston reported, and sales during one week were described as the 1o for the The in- fluen tax payments coming simult usly with the new certifi- 3 and the year-end adjust- had a deterrent effect on the , according to the survey. derable decline in the coun- ‘s forcign trade during 1921, in addition to the fall in prices, resulted ranged ini Indications that liberal export busi-|in @ reduction in the.amount of essrw s Drogreas helped toiftiwh bankers' bills in the New York mar- | Values near the end of the day. Tue|ket. the survey continued, adding, | ¢ e attons %3 Jobis o) net |Bowever, that there was a steadily | higher, with May 1.11% to 1.11% and |broadening market. July 1.01 to 1.01%. Call Money Feature. Country corn offerings appeared to “A highly important development have dried up as a result of yeste of 19217 the report said, “was the | decline. The close was firm, 1% Erowt + market for call money security of bankers' and Treasury certifi- High. il trans: for which ac- s were executed recently no_improvement in the market in Cleveland in - over the previous month, report said; with exports falling DAIRY MARKETS, BALTIMORE, January 4 —Live poultry—Turkeys, pound, (Spec i domestic holiday shipments 10; old toms, poor and croo el sma"} breasts. s, 28a22: thin of prime Lills came in to the | white leghorns, :old hens. market. nd white leghorr small Smaller in Atlanta. e z “'_,_,,;d‘:"',l‘,‘ ceptances purchased in the open 8%, 315 ;. Da ket during November by the s were smaller in amount by 44 per| poor and thin, Ry 3 ns, 26a30; old} cane’ than those purchased during| Zocaters asellicenons 3ask: "““‘Sv]nuu\.nn but were larger by 28 per| Sl el cent than the total for vember, Eggs (loss off) firsts, dozen, ative and nearby, | 74 0, the total for Novemb. e e . the total for November of this! vear being larger than any previous fancy, pound.|ingnth this year, except September nearby, cream-|ang Ocgober. Ha28: eral falling off in acceptance | saction: during Nov ber was ! process butter, reported by Chicago, the greater part | n FINANCIAL. Open. Low Close, 1.09 1113 1.0 1111 Looy 101% ewy 100 Acceptances outstanding on D Ex r 10 were 3t sveml ording to the | hiladelphia re ports of grain, | 17,000,000 HORSES ON FARMS. CHICAGO, January 4.— Wayne Dinsmore, secretary of the Horse As- sociation ‘of America, submits figures which show that there are more than 17,000,000 horses and mules on farms in 1921, compared with 246,139 trac- tors and 134,169 trucks. Western farmers operate on a low- er production cost, he said, the ave age plowed per day by one man rang- ing from one and one-hulf acres In New England, two to three acres in Pennsylvania and Ohio, four and six acres in Illinois, Jowa and other mid- west states, and from eight to twelve acres in western and northwestern states and in Western Canada. West- ern farmers, he explained, make more efficlent use of -farm motive power, and he demonstrated methods of employing homemade hitching ap- paratus whereby extra teams could be hooked up to.farm implements, handled by one man and the work eeded up. " Connecticut Mutual Life Insurance Co. 014, Strong and Rellable Has returned to its policyholders as dividends & larger proportion of the Premiums received from them than lus any other American life insurance o pany. E. D. Sampson, General Agent 1125 Woodward Bullding E. H. Rollins & Sons Founded 1576 416 Woodward Bldg. 15th & H Streets ‘Washington, D. C. Phone Main 2027-2028 Boston New York _Philadelphia Chicago__Denver _San_Francisco City of Cleveland 5% Bonds Due March 1, 1969 Price to Vrl d 4.35% A legal énvestment for Savings Banks and Trust Funds in New York State. LOANS If you have money to in- vest we can safely place it on gilt-edge first D. C. Mort- gages. Our record of 30 years insures your protectior. Cour- teous treatment. Percy H. Russeil Co. S.W. Cor. 15th & “K” Sts. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph I Weller 2. W4t Ga% . YOUR § Invested in Our 17 First Mortgage Notes Is Always Worth a § $100, $250, $500, $1,000 GEO. W. LINKINS 1719 K Street . “In Business Since 1886 First Trust Mortgages For Sale—7% $3,000.00 to $4,000.00 Units Colin H. Livingstone 700 Room 505 W YORK, January 4.—Butter of the bills drawn being against | easier; receipts, 11,062 tubs; cre meat products, tobacco and ery, higher than extra j canied goods. creamery, extras (9, After a fair display of activit; i v { during October and November the firsts (58 to 91 score ing stock, current make, No. 2, Louis Reserve Bank said, “the ac s irregular; receipts, | ceptance market has lapsed into a fresh-gathered, extra first: iperiod of extreme quiescence. nearby and nearby western hen Decrcate s Meraatanies: nery whites, firsts to average fancy = =5 H D e a T nearbys aweatern | A considerable decrease in accept- | ance transactions in Minneapolis dur- | ing November was noted, while Dallas reported that the banks of that dis. hennery browns, extras, 47a50; near- by gathered browns and mixed colors, | firsts to extras, 42a16. - the bar c e ObTiboxes ad materially reduced their | Gheese steady : Tecelte 0%} | ageregato acceptance liability during | the month 28+ ‘Is, 20a2 s a2s: fowls 2023 Bills originating on the Pac D ¥ the San Francisco bank de c ll(- Cl‘l\l were appearing in larger roosters, uantities, but the supply was still —_— insuflicient to meet the investment demand and prime eastern bills con- tinue in 2ood demand. During the latter part of Novem- I ber,” the bank said, he demand for acceptances was steady, with a heavy call for bills which would fall due before the end of the year. At the same time a gradual broadening of the market was noticeable chiefly among country banks, but to a larger extent among corporations and pri- | vate individuals.” PARIS BOURSE HEAVY. | €OTTON MARKETS. NEW YORK, January 4.—The cotton market showed continued nervous during today’s early trading, but selling was less active after vesterday's big break and some buying was encouraged by relatively firm Liverpool cables. The opening was barely steady at an ad- vance of 3 to 16 points on the showing of the English market and reports that Manchester was doing a better business in cotton goods with China. As soon | as offerings had been absorbed prices steadied again on continued covering|{ PARIS, January 4—Prices were heavy on the bourse today. Three per cent rentes. 51 francs 25 centimes. Exchange on London, 52 francs 33 centimes. Five per cent loan, 80 francs | 50 centimes. The dollar was quoted at 12 francs 4315 centimes. and scattered buying which sent March up to 18.40 and May to 17.94 or about 15_to 19 points net higher. opened barely steady: Janu- March, 18.40; May, 17.8; July, October, 16.46. 1 Bank Building EQUITABLE Co-Operative Building Association Organized 1879 424 YEAR COMPLETED Annets .. $4,365,306.73 Surp! 4 $1,111,632.96 Save Wmle You Earn —Make up your mind to save something each pay day and watch it grow. Subscriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. - JOY EDSON, President REESIDE, JOHN FRANK P. 52 }?a/w Withnit drsw/oom Inveitro O THE FUGIO CENT a sun-dial and the inscription “Mind your ness.” — s o for all sensible Americans. Mind; disturbance. of our clients. Other Moneys—and Yours This was the first national coin struck in the United States, in 1787. On one side it showed a chain border of thirteen links, and on the other, THE passage of time and a call to affairs! The legend of the Fugio Cent is a good maxim still business requires utmost care in periods of financial The tests of many such periods have never depressed the value of one of our First Mortgage Notes on improved Washington real estate nor caused a loss of principal or interest to one 727 lS"j—"} Street NW. busi- ing your Co.