Evening Star Newspaper, January 6, 1922, Page 26

2 * The Right Brand Did you ever hear of a house- wife who didn’t have time to go to the store and therefore didn’t buy food? No; she tele- phones or sends her small boy and asks for a brand that she is sure of. Investments are branded, too, by the name and reputation of the firm that deals in them. [ During years we have [i handled over a hundred million [ dollars in First Mortgage Notes for thousands of clients with- out loss to an investor. Swartzell, Rheem & Hensey Co. | 727 15th Street N.W. ashington, D.C. The Nation’s Home Town 52 Years Without Loss to an Investor No Loss of Your l Dividends When You Buy Allan E. Walker & Co.’s First Trust Notes 7% Interest 7% No Worry—No Watching —No Trouble Notes $100 Up ALLAN E. WALKER&CO., Inc. 813 15th St. N.W. Main 2430 FINANCIAL." | turkey: | fruit, 3. Ihh b 5 LOCAL WHOLESALE PRICES. Eggs—Strictly fresh, per dozen, 45: average receipts, 42a43; southern, 42. Live poultry—Roostérs, per Ib., 17; per 1b., 46a48; chickens, sprin 30a32; Keats, young, each, 50a6 fowls, 27a28. Dressed poultry—Fresh-killed spring 30a32; hens, per Ib., 2 turkeys, per voung, each, 60a70. Pork—Dressed, small, per 1b., 12a12 Live stock—Calves, choice, per Ib., 12%a13; lambs, choice, per Ib., 8% live Bogs, per Ib.. 85 % reen fruits-—Apples, per bl 10.50; per bu. basket, 3. 5 ern, per box, 2.75a4.50. lemons. per box, 5.50a6.00; California oranges, per crate, 6.50a7.50. Grape- 0a4.50. Florida oranges, 4.00a 5.00." Tangerines, 4.00a5.00. Vegetables—Potatoes, No. 1, per L. ~3.75a4.00: per sack, 3.i5a4.0 sweet potatoes, per bbl, 2.50a4. Lettuce. nearby, per crate, 1.00ai.50: southern, per ~crate, 1.50a3.00. Cel- ery, per doz. 75al.35. Romaine let- tuce, 1.25a2.00. Cymiblings, per crate, 4.50a5.00. Spinach, per bbl, 3.00a4. Onions, * per 100-1b. sack, 6.00a6.25. Cabbage, a3.50 per cwt. Cucum- bers, 3.00a6.00. Eggplants, per crate, 4.00a5.00. California tomatoes, per box, 4.00a4.50. Florida, 7.00a8.00. _Beans, 3.50a4.00 per basket. Sprouts, 20a25 per quart. Peppers, per crate, 5.0026.00. DAIRY MARKETS. BALTIMORE, January 6 (Special —-Poultry, live—Turkey! 40: old toms, 30; poor and crooked |2, domestic or better, 62 per bu. breasts, 25: chickens, 28a32; thin and | "’ Oats—White, No. 2, white Leghorns, 20a25; old hens, 25a N 30: small and white Leghorns, 22a24; old roosters, ducks, 20a28; | Eeese. pair, 20a25: 50. / Dressed 3 old toms, 30; poor and thin, 25: chickens, 2 30; old roo: 16al8; capon: 38; ducks, geese, 24a28. Eggs (loss off)—Native and near- by, 45; southern, 42 | Butfer—Creamery, fancy, pound 41a42; prints, 42a44; nearby creamer. 37a38; ladles, 28a30: rolls, 24a2 store packed, 23; dairy prints, 25a28; process butter, 35a36. SW YORK, January 6.—Butter— Unsettled; receipts, 9,799 tubs. Cream- ery, higher than extras, 37%a3s; creamery extras (92 score) 37; firsts to 91 score), 331%a36%; packing current make, No. 2, 21. steady: receipts, Fresh gathered, firsts, hennery Whites, fancy, “candled selections. 58 - and nearby western hennery S, firsts to average fancy, 48a refrigerator. firsts, 34a5. Cheese—Firmer; receipt GRAIN AND PROVISIONS. —Potatoes, 3. 2, 1.75a2.50; No. yams, barrel, new, 150 pounds, 2.00a2.2! 75 80; brocol 40.00a60.00: carrots, bushel, 1.0 liflower, barrel, 3.00a4.5! en, crate, 2.50a4.25; bers, crate, 6.00a9.0! 3.00a4.00; 'horseradish, bushel, barrel, 2.00. Lettuce, basket, 1.50a2.50; | oysterplants, - bunch, 5a7; bushel, 10a90; peas, hampe peppers, hamper, 3.00a3.50 bunch, 3a4; savoy cabbage, spinach, bushel, 1.00al.2 urnips, basket, 50. ples, 2.00a4.00; cranberries. box, 250a4.50 5.00a7.50; strawberries, oranges, strap, 75a85. Selling Prices at Noo: Wheat—No, I red winter, spot, quotations; No. 2 red winter, 1.18%;: No. 2 red winter, spot, 1.15%. Il\u, 3, 4213a431; per bu. Ry western export, spot, 87%; No. 3, quotations. pigeons, 23 Hay—Receipts, 5251 44 tens, and mixed hay is fair at a range 18.00 to 21.00 Straw—No. 1 rye, nominal, No. 1 wheat, tangled, 11.00; oats, nominal, 11.00a11.50. CHICAGO, January timent predominated ing. Lower prices were urged points were lessened. 1, decline to a like advance, May 1.11% to 1.12 and July 1.01% 1.01 setback all round. Corn and oats were good export inqui steadied 1.240 PERPETUAL BUILDING ASSOCIATION Pays 6 Per Cent on shares maturing in 43 or & months. It Pays 4 Per Cent on shares withdrawn be- fore maturity Assets More Than $7,000,000 Surplus Nearing $800,000 Corner 11th and E Sts. N.W. JAMES BERRY, Prexident (Il | JOSHUA W. CARR, Seecretary [l | LEGAL NOTICES . EDMONSTON, Attorney. OURT OF THE DIS- Defendants.—No. 31631, Equi liam B. Edmonston and William W. Mathew trustees, having reported saie of lot eigiteen (18)" In_square twenty-seven hundred and fourteen (2714). fully described in the re- port of sale, situafe in the county of Wash- Ington, District of Columbix, to Ethel M. Rut- ty for seventy-five hundred dollars and no 00.00), subject to payment of { broker's commission of 5% on the first $5,000 ¢ on the residue, it is this 5th_day of | ordered that said sale be rati- court, unl . before’ th Provided, * tire Washington Law _Reporter i Star newspaper o the e: n of said period. JEN: U. WILLIAMS, "326,7,8.14,21 LORENZO A. BAILEY, Attorney. IN THE SUPREME COURT OF THE DIS- trict of Columbia.—Fred W. Helbig, Jr., et 2 M. Jackson, Jr., et al.—In Equity . 37,175.—This cause being referred to the itor under date of May 27, 1921, to ascer- n and report to the court the kind and amount or value of all assets of the defendant, Company, and the amount and ch unpaid claim against Dany and of each unpaid clahm again Bros., Helbig Bros. Piano Company, Helbig, Jr.. and- Harold H. Heibig, respec- tively, which was assumed by the defendant, Jackson, under his contract of January 20, 1919, mentioned in the bill of complaint an the name of each claimant and the unpaid balance due from said Jackson to the plain- tiffs under said contract and the amount justly due and unpaid on each of said claims and whe! of said claims are entitied to preference o ity of payment and, if so, the order of such preference or priority, notice is hereby given that I will proceed with said reference on Thursday, January 26, 192 30 p.m. at the auditor's rooms in the . Conrt House, at which time and place George M. Jackson, Jr.. individually and president of the Gem Music Company, a cor- poration, and as president of the Mirophone Company, a_corporation: Jacob Doll & Sons; Stouder & McConnell: Mirophone Company, a corporation: Gem Music Company, a_corpora- tion; all creditors of the Gem Music Company, a_corpora Helbig Bros., Heibig Bros. Piano_Company, a_corporation: Fred W. Hel- big, Jr.. and Harold H. Helbig. respectively, wiiose claims were assumed by the defendant. Juckson, under his contract of January 20, 1019, set out in the bill of complaint and all others concerned under said reference, will ap- pear and present thelr claims with the proof thereof. HERBERT L. HENS and F. W, HILL, Attorney: pri IN THE SUPREME trict of Columbia, Holding a District Court. —In re_condemnation of land for an alley in square 846, in_the District of Columbi triet Court 1503.—Notice and order of publication.—Notice is hereby given that the Commissioners of the District of Columbia, pursuant to the provisions of section 1608 to section 1008 1. inclusive, of the Code of Law for the District of Columbia, have filed a peti- n in this court praying for the condemna- n of the land necessary for lley purposes in uare 845 (honnded by D and E; 5th and 6th streets and South Carolina avente southea in_the District of Columbia, as shown o plat or map filed with the’ said petition part thereof, ani praying also that this court | empanel a jury in accordance with the law provided for in such cases to assess the dam- ages ench owner of land to be taken may ® tain by rewsou of the condemnation of land for alley purposes, and to assexs as benefits Tesulting therefrom the entire amount of said damages, including the expenses of these pro- ceedings, upon each lot or part of lot or! parcel of land which will be benefited by said alley, in the proportion that the said jury ay find said lots, parts of lots or parcels of land will be benefted ay provided for. in and by the aforesald Code of Law. It fs, by thei court, this 4th day of January, 1922, ordered that ‘all persons having any interest in_ these proceedings be and they are hereby, warned and commanded to appear in this court on or fore the 28th dey of January, 1922, at 10| o'clock a.m., and continue In atfendance until the court hall have made its final order ratitylog and confirming the award of dam- and the assessment of benefits of the Jury to be empaneled and sworn herein, and it is further ordered that a copy of this notice and order be published twice a week for two | successive weeks in_the Washington Times. the Washington Herald and The Wasbington | Evening Star, newspapers published in the| sald District, commencing at least ten da. before the said 28th day of January, 1922. Tt is further ordered that a copy of this notice and order be served by the United States marshal, or his deputies, upon each of the owners of the fee of the land to be condemued Terein as may be found by the said marshal, or his deputies, within the District of Columbia, before the said 28th day of January. 19227 By the court: A. A. HOEHLING, Justice. {feal) A tue copr. Test: MORGAN H. BEACH, Clerk, By W. E. WILLIAMS. Assi RT OF THE DI itial limits. Oats_started unchanged to May 38% to 38%, narrow bounds. LIVE STOCK MARKET. CHICAGO, January 6 (United States Bureau of Markets). —Cattle—Receipts, 4,000 head; beef steers and bulls, a tive, 15 to 25 cents higher, mostly cents up; choice yearlings, 9.25; bulk beef steers, 6.75a8.00; she stock, strong to higher; cajves, stockers and feeders, about steady. Hogs—Receipts, 28,000 head: active, 25 to 40 cents higher than yesterday's average; lights, up most: top, 8.50 for light lights; practical top. 8.35 on 170 bulk, 7.50a8.0 little firmness to provision: with May, 1.00% to L. 111 to 1.11% 2 0%. Prices closed steady, at the same May, 65%. WHEAT— High 1, Low. 111 1005, Open. 1115 FXUEH 8.50. heep—IReceipt lly strong, to carly. 000 head; gener- cents higher; fat held fat five cars mixed shearing and kill- ing lambs, to yard trader: SUGAR MARKET FIRMER. NEW YORK, January 6.—The early raw sugar market was firmer, with sales of 5000 bags of Porto Rico to an operator at 348 for centrifugal, and while no sales of Cubas were re- vorted to local refiners holders were asking higher prices. The Cuban cane sugar ooriration announced that within the past few days they had sold 350,000 bags of their sugar to_American and English refiners. The raw sugar futures market was firmer early on coverin prompted by the firmness in the spot market, but after showing advances of 1 to 2 points, prices eased off under re- alizing and at midday were 2 to 4 points net lower. There were ro changes in refined sugar, with fine granulated listed at .80 to 4.90. Refined futures were without trans- actions. NEW YORK, January ‘Total gold reserves, Total reserves, $1,119,045.459. m, $153.603.652. All othe Bills bought In open market. § 065,703, Total bills on hand. $257,368,637 Uncollected items, $139,478,273. Due to members: $713,942,65 Total deposits, $M7.564.758. culation, $663,072,917. and federal combined, 19.3 per cent. If You Want One of Those Beautiful Kansas Avenue Homes * 10 Sold Inspect at Once 3801 to 3831 Kansas Ave. N.W. —between Quincy and Randolph Sts. Only 1% squares from 14th St. car line. 6 and 8 large rooms; attic; h.-w. h.; electric light; lots of closet space; double rear porches; wide cement ffont porch; built-in ga- rage with each house. In a most exclusive location. For Sale by THOS. A. JAMESON OWNER AND BUILDER 906 N. Y. Ave. N.W. Main 5526 After 5 P.M,, Lincoln 6146-W INSPECT TODAY Open and Lighted Until 8 O’Clock P.M. Daily FOUR NEW COLONIAL HOMES INSPECT TODAY 13TH AND SPRING ROAD N.W. Take 14th Street cars to Spring Road and Walk east one square or phone us for auto. $1,000 CASH—BALANCE, $75.00 MONTHLY INCLUDING ALL INTEREST H. R. HOWENSTEIN CO. 1314 F St. NW. BALTIMOKE, January 6 (Sl‘mcain't'\ .50a 100 pounds, 2, 1.00a1.25; sweets and No. 2, 2.00a 2.25; bushel, 1.00a1.75; No. 2, 50; beans, hamper, 2.00a3.25; beets, bushel, 76a bushel, 50; cabbage, ton, celery, doz- cucum- eggplants, crate, 2.50a onions, 100 pounds, 5.00a5.75; No. 2, 2.00a3.00; parsnips, 4.0025.00; radishes, ushel 50 squash, .50a4.50; tomatoes, crate, 3.00a Apples, packed, barrel, 5.00a8.00; No. 2, 4.0045.00; bushel, 1.5022.50; box ap- barrel, 30.00235.00; grapefruit, box, 3.00a4.00; tangerines, quart, spot, garlicky, Corn—Cob _corn, old, yellow, quoted 1).|at 2.80 per bbl; contract corn, spot, pound, 35a [ 58% per bu.; track corn, yellow, No. 5a45% per bu.; Nearby, 85a95 per bu.; No. The de- mand for desirable quality of timothy er ton, with receipts moderate and”ample for trade vv‘nsnstna. No. 1 .—Bearish sen- in the wheat market today during the early trad- the ground that permanent strength was unlikely to develop until pres- ent accumuiations at visible supply Cold weather and lack of snow protection in the southwest failed to stimulate buying. Initial quotations, which varied fr(_)n': wit . were followed by a moderate After opening unchanged to % higher, May 53% to 53%, the market held close to the in- % up, and kept within Higher quotations on hogs gave a ‘Wheat rallies took place, but they proved to be only transient, The mar- ket closed weak, % to 1 met lower, and July, Country corn offerings were small. vesterday's finish to % higher, w Close, 111 100% | w.! NEW YORK RESERVE BANK. 6.—The statgment of condition of the Federal Reserve Bank of New York at the close of business January 4 shows: $1.070,031,359. Bills discounted secured by govern- t war obligations: For members, For members. $45,699.281. Total earning assets. $355.343,537. Reserve account, Federal reserve notes in actual cir- Ratio of total reserves to deposit reserve note liabilities e MANY RUMORS OF CHANGES IN BANKS Shifts in Personnel Likely to Follow(AnnuaI Meet- ings Soon. Not for many years have so many rumors of contemplated changes in local finangial institutions been heard among those connected with the money mart of the city as now. “Did you hear?’ is the common cry of the street, and if all reported upheavals are to be carried out an extra corps of clerks will have to be engaged to reg- ister the changes. There are, however, several very important changes to be made in the personnel of one or two of the larger banks, while consolidation of others, and the purchasing of new property for the erection of branch institutions are certain to occur. Most of these matters are not to be consummated until the-annual meetings of the in- stitutions to be affected, which will occur early next week. Plans for Thrift Week. Plans for Thrifte week, which is to be obseryed here, beginning January 17, and continuing: through January 23, have practically been completed. According to the program outlined at a meeting of the Thrift week executive committee, consisting of representa- tive bankers and merchants, the period wyll be observed with appro- priate e):rcises in schools, theaters, churches and among government em- ployes. Following the administration’s thrift program, as evidenced by the recent issue of the new Treasury Bsavings certificates, which are receiving wide popular_support, the committee will stress the importance of saving and point out the methods found to be helpful. At the call of Victor B. Deyber, sec- retary of the District of Columbia Bankers' Association, the council of administration of the association will meet in the offices of John B. Larner, president of the organization. this afternoon at 4 o'clock, when Howard Moran, vice president of the American Security and Trust Company, chair- man of the school committee, will present his plan for a savings system for the schools of the District. Mr. Moran bas been in almost con- stant touch with local school and pub- lic officials, and it is believed at to- day's meeting’he will make sugges- tions that will be most beneficial to the school children of the city. The executive committee of the Thrift week campaign_consists of E. C. Graham, chairman; John B. Larner, Julius Peyser, W. J. Waller, John Dolph, Thomas Bradley, Charles W. Semmes, Albert Schulteis, Mark Lansburg, Maj. Guy Withers, Claude H. Woodward. W. W. Everett, Leroy . Herron, Harry K. Boss, E. B. Adams. E. Brashears, Dr. Frank W. Ballou and Mrs. M. T. Morse. Subcommittees have been appointed representing the banks, Board of Trade, Chamber of Commerce, build- ing and loan associations, life under- writers, schools, real ate board and credit men. The executive com- mittee will formulate final plans next week. no no of 1 on to by as ith s. . ] Damascus Bank Dividend. The Bank of Damascus, Md. of which William B. De Lashmutt, cash- ier of the United States Savings Bank, is president, has declared its initial dividend of 11; per cent quarterly. Blds for Road Open. Bids for the construction of four and a quarter miles of the proposed rew road from Washington to Lees- burg, Va., will open today, according to an announcement made by Robert Harper, president of the District National Bank, who is the head of the Washington, Great Falls and Grange- ville Highway Company, the organ- ization conducting the improvement. When completed, this highway will be a source of great convenivnce to those Washingtonians who have erected summer establishments in the vicinity of its Virginia terminal. New Insurance Firm. g Leonard F. Rouff and Charles H. Rouff, under the firm name of Rouff & Rouff, have opened offices at 1413 H street, where they will engage in a general insurance business. RAILS FEATURE IN BOND DEALINGS Market-Responds to Decline of Call Money Rates for First Time. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January 6.—The principal feature in the bond market | today was the strength of railway | irst mortgages and other top-rank investment issues. A good deal of the buying of this class of bonds has been coming from institutions and is a result of the fall in money rates. The market's response to the de- cline of call money to 3% per cent for the first time and the drop in time money rates to 4% per cent was, however, nothing like it would have been six weeks or two months ago. ‘There were gains of a half point or 80 quite commonly, but few any larger advances. It was another proof of which there have been many jduring the last month that the bond market is slowing up. Libertys” Rise Moderate. Liberty bonds had a moderate further rise. Illinois Central 6ls were an exception among the rai jumping 1% points to 108, which was their previous high. Missouri, Kan- sas & Texas 6s, series B, rose a point. Between 90 and 91 they still return- ed about 7% per cent and are regard- ed by some bond experts as being out of line. For the most part the gains were less than a point in such rep- resentative issues as Louisville 6% Southern Pacific 4s, Rock Island gen- eral 4s, Pennsylvania general 4%s, Union Pacific 6s, Oregon Short Line 4s, Atchison General 4s and Union Pacific and Southern Convertible 4s. There was an active demand at ris- ing prices for the Interborough Rapid Transit 5s, which was inspired by the favorable analysis of what securities would be worth if the trac- tion properties were taken over by New York city. 8, able, Feb. 1 Jan. 18 Feb, 1 Feb. 1 Feb. NET INCOME UP AGAIN. NEW YORK, ‘January 6.—Reports gor November of 193 class 1 railroads feveal an aggregate mnet operating income of $65,741,893, saved out of gross. revenues of $462,959,534, com- pared with $50,602,552 in net and $589,349,033 in gross in November of the preceding year, according to ofti- cial compilations. e Complets returns for November of all the 201 class 1 carriers are ex- ected to show net earnings of about 66,000,000, against $54,000,000 earned in November, 1920, and $105,453,000 in Adams Express... 9% Ajax Rubber. .. Allied Chemical allled Chemical pf 102% 11is Chalmers. Am Agr Chem. Am Bank Note pf. Am Beet Sugar. Am Bosch Am Car & Fdy pf.. 118 Am Cotton Oil.... 20% Am Cotton Qil pf.. 4% Am Express. ..... 120% Am Hide & Lea pt. 88% m Ice... 19 2% 8% 29% 56 Am International. Am Linseced. Am Linseed pf. ... Am Locomotivi Am Safety Razor. Am Ship & Com... Am Smelting. Am Smelting p! Am Steel Fdy..... 82% Am Sugar . B8Y% Am Sugar pf. . 8T% Am Sumatra...... 34 Am Tel & Teleg... 115 Am Tobacco. ..... 130 Am Tobacco (B). . 126% Am Tobacco pf (n) 97% Am W Wks 6% pf.. 18% Am Woolen....... W% Am Zinc & Lead... 13 Anaconda, .8 Asso Dry Goods... 43% Asso Dry G 1st pf. 75 Atchison. . .94 Atchison pf....... 8 Atlantic Fruit Co. 2% Atlantic Gulf..... 20% Atlantic Ref pf.... 114% Baldwin Loco..... 94 Baldwin Loco pf.. 104 - Balto & O} 34% % 6% 3% 86% Beth Steel (B).... 66% Bklyn Rapid Trn.. 7% Bklyn Rap Tr ctfs. 5% Burns Bros. . <7 Burns Bros Bw Butte Copper. Butte & Superior. Butterick Caddo Oil California Pckg... €9% California Petrol.. 44's Canadian Pacific. . 119% Carson Hill Gold... 1% Case (J 1) pf. 0% Central Leather... 8 Central Leath pf.. 64 Cerro de P’asco. ... 33% Chandler Motor 5% Ches & Ohio...... 5% Chi& EstnIll.... 14 Chi & Estn 111 pfd. 8% Chi-Great Westn.. 6% Chi Great W pf. 15 Chi Mil &St P. 18 Chi Mil &St P pf.. 31% Chi & Northwn. 62% Chi & Northwn pf. 101% Chi R I & Pacific.. 81% Chi RI& P 6% pf.. 7 cee 6% 26% Chile Copper. Chino Copper..... Coca-Cola. Colo Fuel | Cot Ga | Col Graphophone Comp Tabulator. . Cons Gas of N Y Cons Intl Cal Min. Cons Textile...... Corn Products. ... Cosden & Co. Crucible Steel. . Crucible Steel pf. . Cuban-Am Sugar. Cuba Cane Sugar. Cuba Cane Su pf. Davidson Chem. Del Lack & Wstn Dome Mine: Emerson-Brant. .. Endicott-Johnson. Erie. Erie 1st pf. Erie 2d pf. Famous Pla : Famous Playrs pf. Fisher Body pf.. Fisk Rubber. .. Freeport Texa: Gen Asphalt : Gen Asphalt pf. . Gen Electric Gen Motors. Gen Motors pf | Gen Mot 6% deb. Gen Mot 7% deb. Goodrich. Goodrich pf. ray & Davis..... Jreat Northern pf. 3reat Nor Ore. Greene-Cananea.. Guantanamo Sug. Gulf Mo & Nor.... <ulf States Steel. . Harbishaw Cable. i daskel & Barker.. {ouston Oil. +upp Motors Ilinois Central. .. indian Refining inspiration interboro Metro Interboro Met pf. . (ntl Agri Chem pf. Int] Harvester..... Intl Mer Marine intl Mer Marine pf Intl Motor Truck. Intl Truck 1st pf.. Intl Truck 2d pf Int] Nickel. Intl Nickel pf. int] Paper. Intl Paper (sta) tnvincible Oil. . (slana Oil Kansas City Sou.. Kansas C Sou pf.. «<ansas & Guit Co. . Kelly-Spring Tire. Kelly-Spr 6% pf. . Kennecott. . Keystone Tire. Kresge (S8)... Lackawanna Steel 457 Lake Erie& W.... 12 Lake Erie & W pf. 28% Leo Tire & Rubber 21% Leuigh Valley.... 68 Loews INC...eecee 12% Loft Inc. GA0) Lorillard . W% Louis & N: . 108% Manati Sugar..... Manhattan Elev. Marland Oil...... Martin-Parry. Mathison Alkili... % May Dept Stores.. 103 Mexican Pete.. ... 108% Miami Copper..... 7 Middle States Oil.. 127 Midvale Steel..... 30% Minn & St L (n) % MOK&TWi. % MOK&TPIWI.. Mo Pacific. Mo Pacific pf. Mont Power pf. Mullins Body . Natl Biscuit. Natl Cloak & S pf. Natl Enameling. Natl Enamel pf. Natl Lead pf Nevada Copper. N Y Air Brake. N Y Central. NY Chi&St NYChi&StList. 72 Norfolk & Wstrn. North America. North American pf. 38% Northern Pacinc.. 6% Oklahoma Prod... Orpheum Circuit.. 12% A% Otis Steel Otis Steel pf.. Owens Bottle...,. 25% i Pacific Oil.... Pan-Am Pete. Pan-Am Pete (B). Parish & Bingham 13 Pennsylvani: 8% Penn Seabd Steel. Peopie’s Gas. Pere Marquette Pere Marq pf. Phila Company. Phillips Jones. . Phillips Petroleum 30 Plerce-Arrow. . 18% Pierce-Arrow pf.. 31 . Plerce Oll......... 10% Plerce Olk plesanse ®M 49% 16% B6% 2y 321 16% £0% 3% 19% 6% 9% W% ko - THE EVENING STAR, WASHINGTON D C., FRIDAY, JANUARY 6, 1922.° Grain, Produce and Live Stock NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 49 FINANCIAL. BOND AND CURB Bonds. MARKETS. Curb. | & Co. ( 9% Plts& WVa..... u% % 20% Uk T iemithetisy meamond & o) 145, efanuusen s . v ibts & 003 16% | Pond Creek Coal.. 1% 1% M% W%| ey m. STOCKS. Rid. All:d 66 | Pressed StiCarpf. 9% %% %% %% U S Liberty 3%s.. 6| Astne Expl = 3 102 | Producers& Ref... 25% 26% 2% 26% . Liberty 1st 4s. o604 | Arkanaa N » 9% 38% | PublicServof NJ. 61 61 61 61 ety e 97.26 | Atiantic Lobos 8 30% | Pullman Co. 105% 106 M6k 105% 1 Tnerty 1ot 4% s | Big Ledge . 25 S| PuntaAlegre..... 83 ww B4 S |U & Lierty s 04y 3 Bonton ‘ana Sasiana ure Oil. 5% 35% 6% 3% . Liberiy 4th 4%s. Bost vy 35% | Rand Mine; T B ouw z Victory 4%s. O oo i 38 | Railway St1Spr... o5% 9 9% 9% Victory 33 Calumet and Jerome 9 | Ray Con Copper... 1% L% W% % OTHER BONDS. Noon. | (TR0 143 | Reading. .. 7% % % 7 |City of Rio de Janeiro 8s 1946, 101% {Car Light and Power. 116 | Reading 2d pt &% AT A vernment 83 1943 9% | Cities Rervice (new). 19% | Remington Typr.. 24 2 24 ernment 7%s 1941 % | Civies ervice ‘Cora) 41% | Rep Iron & S i 4 | Government of Switzerland $a 134% | Cities Service pra 2951 R teel.. B2% 62% ol Kingdom of Belgium 755 1945. , | Commonwenith Finan ep Motor Truck.. 7% 7% 1% 7% Republic of Chile 85 1916, 100% 1 Consolidated Copper 68% | Roval Dutch 49% 60% 49% 50% | United Kingdom 5% 19: 100% | Continental Motors StL& San Fran,.. 21 21 20% 21 | United Kingdom 5%s 19 ot | e St Louis Sown pf. s sy szl kmie Rinecem fe 10 Sl 10035 | Domtaion ol Suvage Arm me % e 12| Ameriean 28 ana Tl conv. 00 35 lgl;k“f:::r Motors Saxon Motors. 2% 2% 2 rmour & Co. 4lgs . inglueer's Petroleum .. Atchison, Topeka and 8. F. gen. 4s 1995. Eureka ¢ i oebuck pf. 92 «2% 2 Atlantic Retining Co. 6% 1931, l‘\:n i Federal il . Seneca Copper.,.. 21% 21% 21 2% | Atlas Powdee Co. Tis 1036 104% | Fenslund 011 Shattuck-Arizona, 8% 8% 8% 8%/ Baltimore and Ohio cony. 4% tte Bafety Ragzor. SHETL Too i pons e Baltimore and Ohio 6s 1929, % liiagd Oil . ; Sinclair Ofl. -, = 19% 8613 | Glen Ro ‘kl o'i. Sloss-Sneflieid pf.. 13- 7 100% ) Gulfey-Cillespi So Porto,Rico Sug. 46% 47 g | Eatnt Southern Pacific.. 78% 78% Gonndian 10915 | International Petroleum Southern Raflway. 17% 18% 17% 18% | Contrul pacifc 4n 194 i Jerome Verge . Southern Ry pf... 46% 46% 46 46%| Chesapeake aud Ohio Al A Stand Oil of Cal. . Chesupeake and (7]r|lo con LTn.ini"?}.,”u',',, Stand Oll of N J N e %is 1008 Lone Star Gun Stand OilNJ pf. 14 B.... Magme Copper 2 orthwestern 6138 1930 K Steel & Tube pf K. Tsland and Pac. refd. 44 1934. aruca Stewart-Warner. Chicago Union station 61gs 1 Maxon V Cuba Cane Sugar 7s 1930.. Stromberg Carb. ‘and Hudson 75 1030. Studebaker. . Submarine Boat. . | Supertor Oil Delaware 1 ueral 10314 Tenn Copper. ... ! outsens Tire nd Trubler’ Co. 8 1041, 110 Texas Co Z R : N Texas Guit Sulpur 0% LT Conn) e B Texas & Pacific. .. 25% | Internations A i . Texas & P C & Oil, 2y | Int, I rxlv““:“rulxisus.hlflnml ref. 5s, Third Avenue 15% | Louinri i 1 100 Tobacco Prod 61% ;i.iwf.’n':," 'u\".”,.‘ oy Trans 10! Miswouri cific general 8, ool 610 | New Fork ¢ noeal 7o, 10, Union Pacific. eplione.” €e; Union Pacific pf. Norfolk ‘and Western cons. 4s. 1096 United Drug. 71 |Norfolk and Western conv. Gs, 1929 United Fruit 12% i}nrlt‘harn”l’m-lflc ds, mg;. 5 841, ! . ard Motor Car Co. 88, = United Ry Inv pf 20% | Dennaivania 35, 1968 United Retail Strs. l;. 1“9'3!:' 1936. U S Cast Ir Pipe.... o < U S Food Prod. ... 9% | et pencral dn. 100 U S Indus Alcohol. 8% | &c Tois 'wnd San U S Realt; 5 ouis and Francis U forr | eabart A1 L 60 305 [-'\\,“'e: ; 7 lf;% h::|;;:::: Air Line refdg. i.l | U § Steel pt. Southern | Utah Copper 6 611 6% | Southern ¢ cony. ah Securitics 10% 0% 10% | Southern Rallway xen Vanadium Corp 31% 0% 31 |Tnion ¥ Va-Car Chem. 2% 28% 28% | Union con Va Iron Coal & 8% u6 86l | Union Paciic Ge, Vivadou. 6% 6% 6% 1N Reaity an { Wabash pf A % 0% HIT S Wells-Fargo Exp. 8% 68 6% |1 Western Md. ... 8h 8% 8% Western Pacific. 16 15% 16 | vVirgini Western Pac pf 61% b61% 6I% | Western Union 6izs, Western Union. .. o1 91 91 (Wilson & Co. 1st €s, Westhsc E & M. .. 80 4% 5 - SECURITIES. Westhse 1st pi 6 € 65 SHOLTTREN Wheeling & LE 6% 6% 6% ' White Motor. 3% 85% 5k American White Oil. 9% 9% x| American Wickwire Spencer 1% A 4% { Wilson Company 2 2% 2 Willys-Overland. 5% 6% G4 Auaconds Willys-Ovld pf. 261 26% 26% | Armon Woolworth 187 187 137 | ethielem Ste Wright Aero. 8 & 8 |Rethlche Bethlehen Bigh. Low. Laet. |(ruadian Pacitic 65 3955 Call Money..... 4% 3% & | el Ameqntn e o HOURLY SALES OF STOCKS. o i 8 | 11am..... 167600 12m.......270 900 pirer Export 15%| 1pm.....34150 2D.M..... 429 600 pper Export 9% z F 00d) 1925, p " Goodrich 7s 1923 £241$20,000,000 LOSS SHOWN (I Foemndl i, einz 78 20% ocking V. o 3 IN SWIFT INVENTORIES |}iociine gatey 52" 761 Kennecott Copper :4“1 Chicago Packer Says, However, Se- o ing of stockholders here today. 3 e “However, during the prosperous | RateMaturity, Bid. _offer. %!years of the war” Mr. Swift con- %o 82 s b 2 192 32 1% | tinued, “we provided for the serious ch 11 % i i ; i April 1, 1922 100118 w,jdarlme by appropriating large | {ls Abril 11938, 2o anoRa8 315 | amounts to surplus to maintain the|5iss June 15. 1922 100 17-32 100% 2% | company in sound financial condi-|7}43 Ausust . 10 1o%a2 ook jtion, enabling it to continue the pay- | 5is September 100 11-16 | 414% December 1. 14 Procter & Gatnble | Precter & Gambie 7s 1923 enrs, Sears, Roebuck & ( Sivclair Con. Ol Southern Railwa ricus Decline Was Made Up From War Profits. in- s . Chi- amounted to $20.000,000 F. Swift, president of Wetern El Westinghouse U. 8. TREASURY CERT! 102 1132 102 1532 ment of regular dividends. We paid o s 20 101 15-16 102 1-16 of § per cent, amounting to 000. nsational fall in values of and packing house prod- ress in 1920 continued for 5%s June 15, 1924. 5tps September 15, 19 TONE IS STRONGER IN STOCK MARKET New Low for Money Rates, However, Is No Incentive for Trading. NEW YORK, January 6—Lower prices ruled at the listless opening of today's stock market, the feeling |ni speculative quarters evidently con- tinuing bearish. Among prominent uets in pre {the first four months of the fiscal vear just closed. Since then there hax not been any serious fall in val- ues, but inventory losses for the first quartering with the continuing slack trade, due to business depression. mave it impossible for us to show a profit for the twelve months: under review. “The prospects are that Swift & Co. will continue payment of “dividends.” Mr. Swift stated that gross sales during the year were slightly more than $800,000,000, which was a re- duction from the previous year. The 1920 sales” were slightly more than $1,100,000,000. The decrease in ton- age, he said, was only about 6 per cent. Wages were reduced 2213 per cent, 1212 per cent in_March and 10 per cent more in November, he an- nounced. The balance_sheet of the company of November . showed a sur- plus of $61, capital stock at|shares, changes were confined to £150.000,000 an liabilities. in- fractio; but in specialties, notably cluding capital stock and surplus, of $361,942,866. e — FOREIGN EXCHANGE. Selling checks—dollar values at noon today: sugars and fertilizers, declines ran from 1 to almost 2 points; oils, motors and independent steels again reflected pressure. Adoption of the ban on submarines by the five powers at the London Budapest -18% | arms conference strengthened for- Daris Prague.. 10o% | eien exchanges, all the leading Berlin . Copenhagen European rates showing a firm tone. Rome Christiania Further relaxation of money rates :\ludrid . Stockholm precipitated urgent covering of short Zurlelys fif;:‘;_ff;m contracts in the first hour. Call loans e i at 4% per cent, but the large supplies NEW YORK, January 6.— Foreign cent. exchange strong. Great Britain, d Oils, shippings and equipments ral- | mand, .19%; cables, _’520%; Sixty-day {jjed 1 to 2 points, with motors, tobac- | bills ‘on banks, 4.16%. France, cos, coppers and textiles, Mexican and mand, 8.03; cables, 8.03%. Italy, de-|pan_sAmerican petroleums, Royal mand, d4.§ 1 gabt;lcs. 4.33. Belgium, | pytch, Houston Oil, Mercantile Ma- 322:3({ Sl canies ;-53:2- Gfigfl::-‘fl rine preferred, American Internation- e S6.58: oabios. 3605 Norway, |8l Atlantic Gulf, American and Bald- win locomotives, Chandler and Pierce- Arrow were most active in the re- bound. Among_specialties, National Cloak and Suit preferred, Sears-Roebuck, demand, 16.560. Sweden, demand, 24.70. Denmark, demand, 19.85. Switzerland, demand, 19.31. Spain, demand, 14.90. Greece, demand, 4.35. Argentine, de- mand, 33.50. Brazil, demand, 12.80. = . * International Paper and Corn Prod- Monkeen 9O ucts also were strong, but rails show- ed little change. New Low Money Rates. Today’s most interesting occurrence was a further reduction in both call and time momey rates. There have been occasions within the last month or =0 when call loans have been ne- gotiated in the outside market as low as 3% per cent, but today was the first occasion when this rate was established on the floor of the stock exchange. Likewise, it was the first occasion when time money has broken the 5 per cent level. Loans for 30 and 60 days were reported at 4% per cent. This meant the lowest figure since the early autumn of 1917, when the United States was in BAR SILVER QUOTATIONS. ’ the first stages of its great war financing, which marked the begin- ning of an era of inflation, so far as NEW YORK, January 6.—Foreign bar siiver, 64%; Mexican doilars, 49%. LONDON, January 6.—Bar _silver, 347 pence per ounce; money, 2% Dper { cent. Discount rates—Short bills, 3% per cent; three-month bills, 31 per cent. —_— U. S. STEEL HOLDINGS AT HIGHEST RECORD NEW YORK, January 6.—The num- ber of individual holders of common stock of the United States Steel Corporation touched and passed last year for the first time the 100,000 mark. At the end of the year there were 107,439 different owners of the big company's.junior issue, the larg- est number in its history. As a result of steady absorption by investors during the period of low prices for the stock the number of stockholders increased nearly 12,000 during the year, which is not a record increase, but the steady widening of distribu- tion for the issue was regarded as significant by those able to analyze the situation. The 100,000 mark was reached at the very beginning.of 1921, and when (her;ilvldend eh.al:a llorx.lrl:e. first quarter were- ma n -~ they to 104,376 personsy this country was concerned. It has long been realized that the speculative market was not respon- sive to the. money movement as it would be in any ordinary time. Its main attention is directed to the busi- ness situation, and it is only develop- ments in_this quarter that- really count. Therefore, the new low for money rates was received with apathy {in the stock’ market of the day. It led to some further advance in liberty bonds and to an incneased inquiry for the highest class of railway mort- gages from Investing institutions. There was also a quickening of the demand for bankers' acceptances, 33; 1 P'roducers and Refiners % { S0 com: 2os s o 991; 1 Supulpn com. i \ Wrignt. Aero, soon forced the rate down to 4 per|St Paul and Erie issues, while Midwest 0fl Midwest Ol ptd Midwest Refluing Mountain Produce evada Ophir orth Amer. P. thwestern Ofl Owar Ol (new) Pennok Oil .. Perfection Tire i a5 Commoliiated . reek Producing. t Creek (new).. Simms Petrol Bkelly 0il Southern Ce Sweets Co. of Americs Swift International . onopuh Divide Tonopah Extension Cnited Eastern .. U. 5. Light und Heat com. it and Heat prd. d Prosit Sharing. Eng CHICAGO Ammour Leather com Armour Leather pfd Armour ptd. 2 Cudahy Puckiug . Libby rrd ational ‘Leather Swift & Co. 1 Union Carbide . @ OIL BTOCKS, ~—Noon—\ Bid. Asked. n Oil Co. (new). 173, ser Co. 340 Buckye tupe Line (o, s 56 eseburougt Manu Conincstat 01l Coeurog Co. i Cresceut Pipe Line. o, 29 Cumberland Pipe Line . 1 ;i 50 4 H lenu-S.€ual Uil Co. pLd Tilinom Fipe Lie Co..0 duna Pipe Line > usportation Co. Northein Pipe Lise Co. v il Co... Peunsyivaniu Mexican ¥l 'rs Southwest. Penn. Pipe Line Co. Standard Ol Co. California. Standard Oil Co. Ohio. Swan & Fiuch Co Uuion Tavk Line Cf Vacoum 0il Co. Washiugton 0ii G BUYERS HOLDING OFF. New York Dry Goods Market Con- tinues Quiet. NEW YORK, Jenuary 6 (Special).—- Only a light demand for gray goods showed itself in New York markets Loday, the uncertainty of raw cotton being’ a dominant factor. Buyers were still inclined to hold off for lower levels. Scattered sales by sec- ond-hands were reported at % to cents below prices asked by first- hands. Trading in print cloths was con- fined to comparatively few descrip- tiong. Southern 64x60, 5.3 quoted in some quarters at 7. others held for 9 cents. There was no change in the market for sheet- ings. RESERVE EARNINGS DROP. New York Federal Bank Reports Big Decline. NEW YORK, January 6.—Earnings of the Federal Reserve Bank of New York during 1921, less expenses and the de- ductions provided by law, were $20,- ;gs 439, as compared with $39,318,510 in Making this announcement, the bank explained that the decline in the amount of earnings was due to the smaller volume of loans which the re- serve bank was called upon to make and the lower discount rates prevailing in the last half of 1921. The average capi during 1921, it sdded, was $26,812,000 and the average deposits $6 alternative form of employment for bank funds in danger of lying idle in the money market. But on the bond market generally the effect was com- paratively slight. During the greater part of the session, stock prices drifted about with no settled tendency one way or the other. The professionals did some short covering which lifted prices a point or more in the fore- noon. As soon as this demand had spent itself, the market grew very opened and renewed into next week |dull and prices sagged off again. Special weakness reappeared in the ome of the public utility stocks were ghite strong. Among them Columbia Gas, North American and Third Avenue. The speculation in Third Avenue is based on the notion that this com- pany did its squeezing of water capi- tal when it was reorganized in 1910, and would fare weil in any deal for the_purchase of traction properties by New Yory City. ‘Weakness in Erie. Today’s weakness in Erie stocks is not to be accounted for by any analy- sis of recent earnings statements. Erie apparently will end the calendar year with only about 70 per cent of fixed charges earned, but that has been known all along. The October statement was a particularly good one and twelve months’ earnings on that basis would not only show charges covered, but a little over for the first preferred. November brought a slump in_common with many other railroads. Net operating income was only about $435,000. It should have been twfee that to have carried out the October promise. But at that No- vember of 1921 was better than in either of the two previous years. In- 1920 there was a net operating deflcit of $220,000; in 1919 November net was only $88,000. Erie second preferred breaking 10 and the first. preferred breaking 15, established new low records for all time; that is, in the life of the present company. Ameriean Can Streagth. Recent strength in American Can has attracted a good deal of atten tion. It was noticeable again today. One of the brokerage letters this morning, which is usually well in- formed, brought out the fact that the company is paying only $4.50 a box for its tin plate, whereas a year ago it was paying $8.50. Meanwhile the adjustment of its finished product has not had to be proportionate. Bank 1oans have been liquidated and the last of the serial notes paid off. The prospect mow is that American Can will ‘have to borrow relatively little natural enough, because these are-the in 1922, . -