Evening Star Newspaper, January 10, 1922, Page 24

FINANCIAL, NEW YORK STOCK EXCHANGE Y g levedby?rlvthlnDll‘octh“cShrO.fl. EVERY ONE ASKED T0 JOIN MOVEMENT D. C. Heads Call On Al to Help Make Thrift Week a Success. A proclamation calling upon ail ‘Washingtonians to co-operate In making Thrift week, January 17 to 23 a success, was issued by the Commis. Soners today. After explaining the purposes of the campaign for saving, the procla- mation conclydes: p “We, the Commissioners of the Dis- trict of Columbig, do call upon every citizen, business establishment, indus- trial plants and trade, civic or other organizations. to exert every effort, directly and in co-operation with the District thrift committee and' in uni- son with 1,000 other munioipalities, in making Thrift week a period of onstructive thought and action and ? sensible economic planning for the prosperity of the individual, the com- munity and the natio Treasury's Call. Federal reserve banks today re- ceived a call of the balance due on 4% and 4% Treasury certificates of indebtedness, dated November 1, 1921. Thursday is the day set for payment. Bankers to Leeture. t Edward J. McQuade, cashier of the Liberty National Bank, will ®onduci a quiz on “Duties of the Note Teller before the Washington Chapter of the American Institute of Banking to- night. Robert V. Fleming, vice pres- ident of the Riggs National Bank, will follow Mr. McQuade with a lecture on_“The Clearing House.” Mr. MeQuade will also address a class in the Supply Corps, U. th afternoon, taking as his theme, “The Farm Loan Act, and The Postal Sav- ings System.” —_— STOCKS DEPRESSED, FEW ISSUES FIRM NEW YORK, January 10.—Shorts pressed their recent advantage, at the opening of today's stock market, pro- voking severe losses throfghout the t. Within the first half hour de- clines of 1 to 2% points were made by prominent oils, coalers, shippings and rails. Marked heaviness was shown by Mexican and Pan-American Petro- leums, General Asphalt, Burns Broth- ers, Atlantic Gulf and St._Paul pre- ferred. Studebaker, Kelly Springfleld, Crucible, Baldwin, Erle, Reading and Missouri Pacific aiso were lower by fractions to 1 point. Inactive Issues, including Montana Power and Wells Fargo Express, were among the few firm features. Oils, shippings and equipments added to their early losses during the first hour. Chemicals, tobaccos and Kkindred specialties also were affected, losing 1 to 2 points. Food -and leather shares were de* pressed, Wilson Packing losing 2% points. The market rallled irregularly be- fore noon, steadiness being imparted by the 3% per cent opening rate for call money. This is the lowest initial otation in over three years. Frhe railway list was dull and ir- regular, aside from Erle issues, which averaged 1 point rallies from yester- day's final prices, Victors . 3hs. featured the bond market at_the high recerd of 100.10. A block of a million of the victory 4%s also sold at 100.10, duplicating its recent high record. Foreshadows Reserve Cut. It is scarcely open to doubt that the drop in call money rates fore- shadows another cut in federal re- serve rates and it would not be surprising if such action were taken, at least for the banks of the eastern section at their meeting this week. As has been the case right along, the only reaction to these proofs of a superabundant money supply came in the bond markef, where victory loan bonds, both 3%s and 4%s, sold at a new high record. On the stock exchange it was an- other_very uninteresting day. Traders continued to work for lower prices and were able to uncover vul- nerable spots here and there. The weakness in these special issues kept other things more or less unsettled, with an_appearance of heaviness at times. But there was no important selling in_any quarter and a large number of stocks held remarkably firm. Foreign Exchanges -Advance. The advance in the foreign ex- changes was resumed and sterling and francs both drew close to their December high. On the other hand, German marks did not move sy pathetically as they did yesterday. This does not necessarily mean that the modification of reparations payments is not an important factor-in the mar- ket, but merely that whatever reliet is 'in stock for Germap finances through a less rigorous enforcement of the indemnity claims, is for the mo- ment overshadowed by the continu- ed terrific outpour of new paper cur- rency. The real turm in mark exchanges can _hardly come until Germany knows just how much and when she has to pay and make a sufficient al- lowance in her budget for the credit and-debit side to balance. Market Is Unresponsive. The market continued today wholly unresponsive to outside influence. It was much more interested in so-call- ed technical conditions. Low priced rails were for the most part heavy again, for the simple reason that brokerage advices have for some time past been recommending their pur- chase. This has resulted in their de- eloping a vulnerable speculative. ac- count. The same houses which have been bulling the rails have been bear- ish on the industrials. Consequently, Wwhile a weak long interest has been built up in the former, a weak short interest has been created in the latter. The bear crowd concentrated their efforts against Mexican Petroleum, Baldwin Locomotive and one or two others. They were able to get these stocks down, but not to start a. gen- eral decline. Later on the oils were under pressure on prediction. of im- pending cut in mid-continent oil. Crucible Steel Problem. The mystery always surrounding the Crucible Steel situation has deep- ened as the result of recent market developments. While the common stock has come down little during the last week or so and has not had much more reaction than other steel shares, the preferred has broken very badly. From 91, where it sold 2 month and a half ago, it is down over 10 points. The fact that no other Ypre. ferred stock has had anything like such a decline—most of the better class preferred issues are, in ‘fact, ‘well up to their high even now—in- dicates sgme special cause at work. If the condition in the Crucible Steel Company is uncertain enough to war- rant the 7 per cent preferred selling around 80, where the return is nearly 9 per cent, and this in a ket where sound preferred - industrials are selling on a 6 to 6% per cent basis, then how explain Crucible Steel common in the 60s? PARIS, January 10.«Prices . im- proved on the Bourse today. Three per cent rentes, 55 francs 1 centimes. Exchange on 50 francs 86 centime, Five ncr ‘cent loan, 80 francs 20° centimes. The dollar was quo!ed at 12 franes " 11% centimes. Open: Adame Express... 49% Adv Rumley pf.... 324 Afr Reduction: Chemical pf 108 10% halmers.... % % wfi Allis Chalmers pr. Am Agr Chem pf. . Am Bank Nofe. ... Am Chicle Co. Am Cotton Oil Am Hide & Lea pf. ll“ Am International. 39% Am L Am Smelting... Am Smelting pf. Am Steel Fdy. Am Sugar. { Am Sugar pf. Am Sumatra... Am Tel & Tele‘. . llfli Am Tobacco. . Am Tobacco (B Am Am Woolen. Am Woolen p Am Writing Pr pl. 28‘/0 Ann Arbor pt. Atchison pf. e Atlantic Fruit Co. Atlantic Gulf..... 20% Atlantic Gulf pf... 21% Atlantic Petroleun 21 Auto Sales pf..... Baldwin Loco..... NVA Balto & Ohfo...... 34 Balto & Ohio pr... 63 Beth Steel. Beth Steel (B) Booth Fisherles. .. Bklyn Rapid Trn.. 6% Bklyn Union Gas.. British Empire Stl. 8%+ 8% 8% Brit Em Stl 2d pf.. 2% R% 2% Burns Bros. . m 15 13% BurnsBrosBwi.. 23 30 2% Butte & Superior... 21 Butterick. California Pckg. .. u% 6% 6% California Petrol.. 4% #% &% Canadian Pacific.. 1:9% 119% 1% Carson Hill Gold u% u% Central Leather. .. 2 Central Leath pt. . Cerro de Pasco.... Chandler Motor.... Ches & Ohlo. Chi & Estn IIl. . Chi & Estn 11l pfd. Chi-Great Waatn. Chi Great W pf.... Chi Mil & St P. ” Chi lfl‘liknsl: P pt.. ::% Chi & Northwa. ... Chi & Northwn pf. 1004 100% 100% Coi R1 & Pacific. s 1 W% ChiRI&P6%pt.. 0% {ChiRI&P .sspl.. szk ChiStPM &O. Chile Copper., Chino Copper- C CC &St Louls. . Cluétt Peabody pf. 8% 2% Col Graph pf. ConsGas of N Y... 90% Cons Intl Cal Min. &% cruc\blt Steel. . Crucible Steel pf.. 80% 8% 80% Cuban-Am Sugar.. 16% 1% 15% Cuba Cane Su‘!-l" . Cuba Cane Su pt Davidson Chem. .. 48% Del Lack & Wstn. m Hl% 1us Dome Mines. 20% Elk Horn Coal. Freeport Texas. n Asphalt. ... Gen Asphalt pf. Gen Cigar deb. Gen Electric. . Gen Motors. Gen Mot 6% deb. Gen Mot 7% deb. Goodrich. Great Northern pf. Great Nor Ore. ... 8l Guantanamo Sug.. Gulf States Steel. Haskel & Barker... Houston Oil% Hupp lfi“’é‘: Hidnu c Steel Interboro Met pf.. Intl Agri Chem pf. Intl Mer Marine. .. Intl Mer Marine pt Intl Motor Truck. Intl Nickel. . int] Nickel pf. intl Paper. Intl Paper (sta)... invincible Vil. Kelly-Spring Tire. pring 6% D: Keystone Tire. . aresge (8 8) Lraigh Valley. Liggett & Myrg pf. 108 Lozt Inc. Mackay Cos pf Mallinson & o pt. Juanati Sugar. Manhattan Shirt Market 8t Ry. Mexican Pete... 108% Minmi COpper..i.. 26% 2% 8% Middle States Ofl.. 11% 12% 1% teel 2% ! 2% 8% MOK&TW &TPIWi... % 2% 2% Mo 6% 16% 16 ontana Power... 6% 864 6% =unuomer! Ward 12% 8 12% Mullins Body. - 19% fl ! N H & Hart. Nopfolk & Wstra.. { North Amerlca. ... & ~ "American it Northery atify Ohio Body ow .. Oklahoma Prod Owens Bottle. Pac Development. Pacific Oil. Pan-Am Pete. Pan-Am Pete (B). HLEH -4 F "y3Rye s ;xgn lggg'::.gd.t 87% | Southern Pacific.. 78% 00% Welthle Air Brk. . us % 2% A% !§§§§§°"."§¥§§'§"§E§§“§§ LOCAL WHOLESALE Eggs—Strictly !rea)l. i ,|average receipts, 4 Saxon Motors. . Seaboard Afr Li % | Seaboard A L pt. Sears Roebuck. ... 62% Bears Rubuck pf. 2 Seneca Coppe: 20% Shell Trfifl h '.l'rll'l 8% Sinclair Of1. . 19% Southern Rallway. 17 Southern Ry pf. ’. e Stand Oil of Ct. 121% | Stand Oil of N - 170 8tand OIIN J pt... 114 Stromberg Carb. 38 Studebaker. Studebaker pf. Submarine Boat. . I3 Superior Oil. % 9% 4 Texas & P c & 61 ~ 24 Third Avenue. o Tobaceo Prod. Trans Contl Oil Union O1l. 18% Union Pacific. ... 12% Union Pacific pf. e ll:r Stpf. United e 1% United Ry Inv pf. United Retall Stra US Cast Ir Pipe... USCastlrPpf. U § Food Prod. U § Indus Alcohol. 2% 116% (] 10% Vanadium Corp... 30% 0% Va-Car Chem. Va Iron Coal & Vivadou. 8% 9% n 9 u% = 3 5% 2% Westhse E & M. Wickwire'Spencer 144 Wilson Compan: 2% ‘Wilson Co pf. 68 Willys-Overland. . S’/- Willys-Ovid pt. ‘Wisconsin Central 25 Woolworth....... 139% 139 ‘Woolworth pt. us 1us@ 18, 18 WorthingtonPmp 44 4 4' # Worthln:mn (B). 65% 66% 6% 66% High. Low. Last. Call Money..... 3% 3 3 HOURLY SALES OF BTOCK& - 11am, 197 800 12 m. Ipam..... 326 400.. 3pm. e e EGG PRICES DROP. Receipts nnd Mild Weather Cause Break in Southwest. KANSAS CITY, January 10.—Whole- sale prices for eggs dropped 5 cents, or more, a dozen here, firsts selling as low as 28 cents. Increased receipts and the mild weather are sald to Bave caused the break. Also there were rumors from Chicago that some of the larger deal- ers were in financial trouble and that it was likely large supplies would be thrown on the market. Yesterday's prices were less than half those at this time last year, and from 22 to 25 cents lower than those a month ago. NEW YORK, January 10.—The price of eggs dronped 8 to 10 cents on the wholesale market today. Lowest quo- tations for extra first were 34a35. Batter also dropped 1 cent to 35 and 353% per pound for the best grades. —_— DRY GOODS QUIET TODAY. Signs of Early Revival of Bleach- ed Stocks Reported. NEW YORK, January 10 (Special). —There was little buylng in the cloth markets today, but signs of. an early revival of the bleached goods business are seen in_the inquiries re- ceived by mail. Hopes of lower prices are dim owing to the steadi- ness of the gray goods division. Print cloth prices were slighbly easier, but thére was little demand and business ‘was also quiet in_the sheetings market. Orders for Nashua blankets for next fall are coming in in a steady stream as the result of prices an- nounced at old levels although an ad- vance had been expetted by jobbers. GOODYEAR HAS PROSPERITY. NEW YORK, January 10.—In re- sponse to inquiry, H. H. Springfield 9f the Goodyear company telegraphs from Akroi “We have more than $25,000,000 cash and cash items, with no bank loans. whatever. Current assets as of November 30 were $63.- 86.387 and current liabilities only {%‘:1 ilz a ratio of better than o 1 Commenting on the outlook, Mr. Springfield wires: “Our business has been going on in a most satistactory anner and our production of tires | steadily increasing. We will shortly be producing 19,000 tires a day.” According to the company’s bal- ance sheet of November 30, its cur- rent assets include cash, $15.615,982; bankers’ acceptances, $4,187,921, and United States Treasury certificates, $5,900,692. Its excess current assets over current liabilities, $58,444,875, are more than $1,000,000 larger than the $57,500.000 bonds and debentures out- standing. The company reported a profit and 10ss surplus of $2,852,493. — e BAR SILVER QUOTATIONS: NEW YORK, January- 10—Foreign bar silver, 66%; Mexican dollars, 50%. LONDON, January 10.—Bar silver, 25 139% 139% Ah;|35% pence per ounce; money, 2% per ol cent. Discount rates—Skort bills, 3% “per cent;-three-month bills, 3% per gent. TEITE LT FOREIGN EXCHANGE. Selling th«:\n—dolllr values at noos today, London 183 Copeahay Christiania Stoekholm Amsterdam Belgrade 154 +25.1 &8 145 wa YORK, January 10. —Porelzn ange, firm, Great Britain, demand, B e‘h!e'v 52 % ; -day ~bill MZ’:?M’ 831 m Y. 4.31; Cables, 4313 Beigium. 4 smand, 7.98; cables, 7.98%. Germany, 57%; cabies,%.58%. . Holland, l!mllld. cables. 3651 Norway, deman n- - 117.00; Ostober, 16.12. % lee poultry—] ters, turkeys, per 1b. 1‘!48 chlckcnl. per b, am4 keats, young, each, 50a60; fowls, '30a: Dtouod poun.ry Fresh-killed spring chickens, per 1b., 32a35; hens, per 1b., §2;- roosters, per b, 20; tuckeys, per 5; keats, young, each, 60e’ Pt o Dressed, small, per Ib., Ta%a1s. tock—Calves, 'cholce; per Ib., llmbs choice, per 1b., live hogs, per 1b., Green trmw—Apple-, ner bbl, 6.00a 10.50; per bu. basket, 2.5028.25; west- ern, ' per box, 2.75a4.50. Californis lemons, per box, 5508601 California oranges, per crate, 6.5 0. Grape- fruit, 3.50a4.50. Florida ornnnm 4.008 5.00." Tangerines, 4.00a5.00. Vegetables—Potatoes, No. 1, bblL, ~ 3.75a4.00; per sack, 3775a4. W 264 | SWeet potatoes, per bbl,, 2.5024.00. Let- tuce, Southern, ‘per crate, 2.00a3.50. Cel- ery, per doz. 75al.25. Romaine let- tuce, 1.25a2.00. Cymblings, per crate, 4.50a5.00. Spinach, per bbl., '3.00a4.00, Onions, per 100-lb. sack, 6.00a6.50. Cabbage, 3.75 per cwt. Cucum- bers, 3.00a6.00. E:spl-nu. per crate, 4.00a5.00. Tomatoes, per Florida, 5.00a8.00. Beans, 3.50a4.00 —per basket. Sprouts, 20a30 per quart. Peppers, per crate, 3.50a4.50. e GRAIN AND PROVISIONS. BALTIMORE, January 10 (Speclal). thlawen. new, 150 pounds, 2, 2.00a2.25; 100 pounds, 175 No. 2, . sweets and No. 2, 2.00a No. 2, 50. Beans, hamper. 2.00a3.00. Beets—75a1.00. Brocoli, bushel, 40. Cabbage, 50.00260.00. Carrots, bushel, “aulifiower, barrel, 3.00 a4.50. ' Celery 75a1.50. ' Cu- cumbers, rrut ton, 0. C .0029.00. Eggplants, Horseradish, bushel, Cale, 1.00a) Lettuce—Basket, 1.00a2.25. JOnions, 100 pounds, 2.50 3.50. Oyster plant, nips, 75a85. ." " Spinach, Squnuh, crate, 3.50a4.50. c;.'.i)le, 3.00a6.50. Turnips, basket, 4 260. 2. lmat 00. Cranberries, rel, 30.00a35.00. Grapefruit, box, 2.00 a4.00. Oranges,.box, 2.50a4.50. Tan- gerines, strap, 5.00a7.50. Strawber- ries, quart, 70a75. Selling Prices at Noon. Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, 1.17% nominal; No. 2 red winter, garlicky, spot, 1.14% nominal. Corn—Cob corn, old, yellow, quoted | U: at 2.85 per bbl.; No. 3 corn, spot, 58% nominal; No. 4 corn, spot, 56 inal per bu. mestic or better, 62 per bu. asked. Oats—White, No. 2, 45a45% per bu.; No. 3, 42152433 per bu. Rye—Nearby, 85295 per bu.; No. estern export, spot, 88% nomlnal No. 3, no quotations. Hay — Receipts, 34 tons; range is 18.00 to 21.00 for good to choice timothy and mixed hay: 16.00 to 18.00 per ton for falr to good. Straw —No. 1 rye, nominal, 15.90; No. 1 wheat; tangled, 11.00; No. oats, nominal, 11.00a11.50. CHICAGO, January 10.— Fresh de- clinep in the price of wheat took place during the early trading today, largely as a result of rains in the southwest. Opinions were expressed that the moisture would prove to be the salvation of the Kansas crop. the other hand, strength in foreign exchange was virtually ignored. Initial prices, to % lower, and July. 1.00% to 1.00%, were fa lowed by a moderate additional set- back. Enlarged- country offerings of corn had a bearlsh effect on the corn mar- ket and on oats as well. After open- ing unchanged to % lower, May. 53% to 53%, &orn continued to 8ag. Oats sthrted unchanged to a shade lower, May 38%a38% to 38%, and then weakened a bit more. | Notwitstanding downturns in the ness because of lack of any aggres- sive selling. Wheat— Ihog market, provisions showed firm-| g Low. Clostn High. Owninx e 1 oa% l 98 1{:0 59% 54y 383 a9% M:w YORK, January 10. — Lard — ; middle west, 9.45a9.55. artieies unonanged. DAIRY MARKETS. BALTIMORE, January 10 (Spaclll) —Poultry, live—Turkeys, 1b., 40a45 old toms, 35; poor and crooked breasts, 30; chickens, 30a32; thin and white leghorns, 22a25: old hens, 25 30; small and white leghorns, 22a24 old roosters, 15a16: ducks, 22a28 geese, 32a26; Dpigeons, palr, 25a30 guinea fowl each, 25a50; dressed poultry, ‘turkeys, 40a45; old toms, 35; poor and thin, 30; chlckens, 25a30, old roosters, 16al8; capons, 30a3S; ducks,” 26a30; geese, 23a28. Eggs—Loss off, native and nearby firsts, a dozen, 41a42; southern, 39. Butter—Creamery, fancy, 1b., 39a40; prints, 40a42; nearby creamery, 35a36; ladles, 26a28; rolls, 37a38; store pack- ed, 22223 butter, 3 CHICAGO LIVE STOCK MARKET. CHICAGO, Jasuary 10 (United States burean _of markets).—Cattle—Re- ceipts, 12,000 head; few_early sales better grade beef steers and yearlings steady; others slow: bidding lower; choice ‘yearlings, 9.50; bulk, 6.50a7.75: fat. she stock, slow, mostly steady; bulls weak; calves, stockers and feed- ers steady to strong. Hogs—Receipts, 61,000%head; fairly active; lights, 15 to 25 lower; others mostly 10 to 15 lower than Monday's average; big packers doing little; top, 8.2 for one load, out of line; practical top, 00 on 170 to 180 bound averages, and 8.15 on light lights; bulk, 7. 7.75; pigS 256 lower; buik dnh'lbla. 8.10a8.25. Sheep—Receipts, 20,000 hea: erally strong to 25 higher; medium grade: fat lambs top early, 12.45; bul ly, 12.00a12.40; top year]ings‘ 5; fat ewe, top early, 6.50; no Peedecienirs early. July . Corn— s2% M‘A 87% 38 52% B4y 37% 38% COTTON MARKETS. . NEW YORK, January 10.—The cot- ton market opened steady at an-ad- vance of 9 to 17 points, with active months selling 15 to 23 points net higher after the eall on the.steady showing of Liverpool, firmness of for- eign exchange and the census report showing slightly less cotton ined to January 1.than expected. 'his bulge met realizing “and . scattered southern selling, however, and after selling at 18.65 March contracts soon worked off to 18.40 with the market irregular and unsettled. Ful\lres opened steady: Jlnlllry. ; March, 18.40; May, ll.O 17.4 1 :.October, 16. 73 } . LIVERPOOL, January 10. —Cotton— Spot, = moderate busine steady; good middling, middling, 11.44; middling, .11.09; low | middling, 9.94; good, ordinary, 8.39; ordinary, 7.64. Sales, 8,000 bales, including 6,500 American. Receipts, 5,000 bales,” in- eluding 900 America; Futtires closed barely steady; Jen- uary, 10.93; March, 10.88; May, 10.78; July, 10.59; September, 1 October, 10.08; December, 9.91. i NEW ORLEANS, January -10.—The ymall- ginning figlires put the price ol cotton sharply bigber on the ppen- ing and before the lnitial buying flurry was over ' the trading mun(kl were 19 to 24 points higher than the close of yesterday. Heavy liqi o the first: half. hour -of business the most active months were only 3 to 9 “points up. March traded "’W" 17‘0 and fell back ‘to 17.47. tc average is 25,000, 940 bales ginned thig last. uaalnn expectations ol around 125, Futures opened s 17.56; March, 17.55; gpot, | U Other | 5. 3:m-y prints, 24-26, process | City of Rio de Lo 1946.. French Gov reach dove :Lmu g vernmen ,ém:a & 190 i Ringaom of Helgrum e 1 Republic of Chile- ed Ki W g'r: 929 American fl'fl Gt e 101, American Tel. ‘and T:l”;v:mv s 1925. Acme Packing. Aetna Explosives. led Oil. 834 Hait more 29. Bultimore ai s Onllr [ s LT She 1925 ‘Bethlehem Steel 88 3 Erookiyn Edimg ‘Burlington P. Oanadinn N 7 8714 Ca 7 Centra} e 4u 1045 Chesapeake and Ohlo eonv. 4345 1030. Chesaj o couv, 5% 1046...... d. 4148 2014 932. Cuba_Cane Bugar 7s 1 Delaware and Hudson Int. Rapid Transit 10 and g Rt - New York Telephove 6s, Norfolk and Western conv. 4 Nerfolk and Western con’ Northern Pacific dv, 1906. Packard Motor Car Co. 8 Pennwylyania a, Pennsylvania K. Pennsylvania 75 of 1080 Pennayivania gen. mortgage Aths, 1063 Reading gener St, Loufs and San st Lonts and &an Fr rd Air Line adj; 1 Facine ot ‘rer, 15, 1935, Pacific conv. ds, i Unlon Pacific_0s, United Drug Ss. 1941. U. B. Realty and Imp. t 65, 1941, JORT-TERM SECURITIES. (fixnmd by Redmoud & Co American Tel. & Tel. American Tel. & Tel. American Thread Co. American Tobacco Co. opper. Auglo-American 01l Bethehem ficel 78 1032 Bethlehem Steel 7s 1023 Bethiehem Nteel 7s 1985 Cenadian Pacific 6s 192 Central Argentine 6s 192 Chicago, B. I. & Pacific . L. rk ON ( Gopper Export Copper Export Copper Export u-c-uy Biing Co, rich 7s uult H. eins Hociting Vatley 6 1024. g:““‘!‘x? | 7 1923 ott Copper Proctor CE e Brostor 3 Electri 19 08%; Werttapuouse EI- & Mty 75 1981 4 U. 8. TREASURY CERTIFICATES. Rate—Maturity. 1922 448 June xg. 1922 2 Angust 1 00 21182 100 55 55 00 3-32 100 7-32 mo 19«3. 100 23. 100 3-16 June 15, 192 H“fi: s:::emher 15, 192 101 15-16 102 1-16 — e TRADING N BONDS | CONTINUES ACTIVE Vlctorys Still Lead in Renew- ed Buying All Along the Line. BY STUART P. 'WEST. Special Dispatch to The Star. NEW YORK, January- 10 ‘Today's bond market once more took its cue from developments in the " money market. The evidence of a great ex- cess money supply for which it was difficult to find employment at theg loan counter naturally led to the as sumption that a considerable part would have to flow into the invest- ment bond list. In consequence there was & renewal of active buying all along the line, with the United smte:l government bonds in the lead. New highs in_the movement were made in both victory issues and in the third and fourth liberty loans. In the foreign government group Zurich 8s were up a part and Uruguay 3= nearly 2 points at a new high of English, French_and Belgian bonda were steady, but without much, change. Sharp Recovery in Erle. In the railway section there was a sharp recovery in the Erie convertibles and in the Erie general 4s, which were 80 weak yesterday. This was in response’ to moderately reassuring statements by the vice president of the Erie company, and it was a re- flection of the sounder opinion, which had not hnd a chance to shiow on the previous day, that the government could’ not and wauld not allow the Erie to go by the board for the sale of the sls 000,000 notes which mature in April. Among the other meibers bf the railway section the greatest -gains were made in Baltimore & Ohio 4s, around 78; Denver & Rio-Grande re- funding 55, up to 2 points; Atchison eneral is, rising_a peint;/Lake Shore 5 of 1928 at 92, West Shore is, touching 80; Reading general s, Rock Island’ refunding 4s, Northern Pacific prior lien 48 making a2 new high at 86; Illinois Central 5%s, md in the St Paul consolidated 4%s a the convertible 6s, each up over & goinL " 79BACCO BUYING SLOW. LANCASTER, Pa., January 10.—The movément of Lancaster county’s new tdbacco crop, which is yet only about one-half stripped, s expected soon.. t week several buyers bought a few croj ln tobacco cir- cles it is reported mt week's tobacco was -sold at pric from 12 to lfi’cenfi poun: so far, less than 5007acrés of the new crop have been sold, 'h“.fi: county's cigar in- was only in better shape the Srowe: uld get botuwlm r:: season’'s n“'] ‘warehouses have not béen so Gillette Bafety iiililand. Oil. } Glen Alden Coni Rock OjL. Gy -Gillesple Intercontinental Rubber. Interuational Petrolenm (hew). Jerame Verde. ‘l:::wnt 0} west Ofl pfd. Midwest Refining. Mountafn Producers.. Nevadas Ophir. il Pepuck 0il Perfection. Tire. roducers ang Radio com.+oo. o omer® Radio ptd Ray Hercule n;, ll(vyn»m- B an Consolidated Balt Crevk MV e B oBuaiBin WSty CAGO— i Armour Leather com. i Armour Leather pfd. Armour ptd Codaky l””’ National Leatiiér Giew \ Swift & ( Cuion * Carbide * OIL STOCKS. S22 Gl ym; Buckeye Pipe Line ¢ z Cheseborough Manufactaring c« Continental 0il cent. Pipe Line Co. ( beriand” Pipe Li | Eureka Pipe Line. | Galen 1 Prairie Oil and Gas Co. Prairie Pipe Line Co. Solar Refining Co. Southern Pj 3 h ipe. South Penn. Oil Co. Standard Standara Standard % a STEEL TONNAGE REPORT SHOWS SLIGHT INCREASE NEW YORK, January 10.—The monthly tonnage report of the United States Steel Corporation, made public today, showed 4,2€8,414 tons of un- filled orders on hand December 31. This is an increase from Novem- ber's unfilled orders which totaled 4,250,542 tons. GRAIN CARGOES FOR RUSS. NEW YORK, January 10.—Twelve ships are scheduled to sail this week } for Russfa with grain for the famine !\:Herers, it is announced by the pur- rhasing commission for Russian re. {lief. Seven ships are now loading and lv\em) two lme'nnen-nsslgned g by January 15. One cargt Is belng "faken aboard: at New Tors, three at Baltimore and three at New Orleans. In addition, many partial cargoes have been arranged. The allocation of thirty Shipping Board vessels for Russian relief serv- ice is also noted. EDUCATIONAL. Special _attention to china _decoration enamels and luster Photocoloring in the new ol process. Register at the CHINA SHOP, 725 10th st. n.w. SPANISH st Jx WASHINGTON rofs. from Spal —(on\‘emllunll M(-lhnnl Tiapid Progress. 131517 ¥ sy nw. AL H0: HALL-NOYES SCHOOL Opens Sept. 19th. Full graded and High Clagses: aluo private coaching to youths and adults. Civil Service prep. by ex-examiner U. 8. Catalogue. nces Mann Hall, A. M. M. 3877, MEDICAL COURSES. Training of laboratary technicians, chemists, lh.mldlla and dentists.” Register at once ¢ e University. officn Oregon Ave. N.W., 17th and U (Medical School located a¢ 5’ and 11th). A CCOUNTANCY Ofm uumm oyp.rtillfinl ts n:omm Now lol. Ev Classes PACE INSTITUTE at the BERLITZ SCHOOL | 14tk St. N.W.—Tel. Frank. 2620 lnmsehui.f_ Personality | 2008 BOND BUILDING, * Winter term opens January 9. ’___Send for catalogue. INATIONAL SCHOOL FINE | & APPLIED ART Birector. Main 1760 Nev l.nnhon Conn.Ave. & M St. Begin Jan. 4 Dfiy and Evemng Classes” Interior Dworlflnn, Costume De- sign, Textile Design, Color Com-| mercial - D 2 nequ tleaned out at such an’ ‘early{ W 5 29.16{slon to \issue_to RAIL SEEKS PERMITS. Rock Island Acts for C. & A. Stock and Bond Issue. The Chicago, Rock Island mission to own and hold in its treas- ury 33,120%/shares of preferred stock in the Chicago and Alton railroad and 68,140 shares of common stock of the same road. The Alton, already par- tially associated with the Rock Is- land, has voted this additional stock issue over to the Rock Island as in settlement of litigation, and the appli- cation said that the formal transfer would not fnvolve an increase in Rock Island ownership. The Rock Island also asked permis- its own treasury $1,000,000 in refunding 4 per cent bonds as reimbursement for capital betterments on its lines. PER CAPITA CASH DROPS. Circulation in United States De- clines $6.09, Report Says. Circulation of money per capita in the United States declined $6.09 dur- ing the past year, according to a statement last night by the Treasury. On January 1, 1922, the per capita circulation was $53.03, based on a total of $5775400,315 and an_esti- mated population of 108,917,000, as compared with a per.capita of $59.12 on January 1, 1921, based on a totai of $6,340,436,718" in circulation and an estimated population of 107,249,000. DIVIDENDS DECLARED. Stock of i Record. Payable. | H. i 1 Foanklin Mfg. Feb, s MOVING PACKING & STOBAGE| VING TO OR FROM XA or Boston get our one-way prices AR TRANSPORT MOV CLARKE'’S 18th ORIENT CRUISE Feb 11, by supert 8.8, Bmpress of Frasce. 18,81 ioms, 18 days in Eaypt and Paiestine, otels, and | go 13% | Pacific railroad asked permission to- - 9% |day of the Interstate Commerce Com- BAHAMAS —forsthat “Long d ferred Vamhom An investment in health that will add years to your life. A Winter Paradise. A n’ll ms\ldti'eenchnv?“ Gol Blthmg, Smlhi Flshmg. Charming Brif Colony. Splendid Hotels. Weekly lings. Loan New York Saturday, arriv: ing Nassau, Tuesday. S. 8. MUNARGO 8.5 MUNAMAR MUNSON STEAMSHIP LINES Department Passenger . 67WallSt., N.Y. or 27 Tourist For a Quiet and Restful Outing ™ =« WATER TRIP T NORFOLK, VA. Via Potemac River hesapeake Bay Modern Sleel alnce. Bteamers Dally at 6:30 P City Ticket Office Woodward Bldg., 731 15th St. N.W. Nnrfolk & Washington Steamboat Co. ~ PACKING, SHIPPING LONG-DISTANCE MOVING No Charge for Estimates CLEAN, DK STOEAGE FOE FURNITURE and piunos. Estimates cheerfully given. Con- venient location. WESCHLER'S, 920 Pa. ave. n.w. Phone Main 1252, Safety, Service and Saving ‘We can store and insure your furniture for less than ¥ other high-grade warehouse in the city. ROOM: Expert Packers, Cr-ters & Sh pper- City, Snburtmn and Long Dist WlNTsEJ{ BUILDING STORAGE Free Estimates. 143§ U st. n.w. ol - UNION | i £ 8 sToRAGE |B 21 % s xw |5 le'.W YORK_VIGOwm-HA | COMPANY 57/ 705-9 Fla. Ave: N. W Momtk SEPARATE ROOMS, $1 2stcr Local and Long Distance MOVING. By Careful Men. Rates Reasonable. PACEKING BY EXPERTS, Goods insured $2.000 while in eur long-distance vams. The Big 4 Transfer Co., Inc., | 1125 14th St. N.W. l I P Spl;;'la'lls-tsm?n. 3 _ Long-Distance Moving °UNITED STATES®. STORAGE CO. Fnrepmof Warchouses ESTIMATES OMSV85naise ¢ PHONES ~M¢~~33= QI! 422‘ RESORTS. ATLANTIC CITY. Sabbreath the sea beings health Galen Hall ATLANTIC CITY. N.d. (/- PARTICULARLY attractive, modern hoten with all the unual, and some ‘unique features. Offers hospitality and comfort. excellent cuisine, good music, golf privileges. Extensive system of tonic and ¢ baths. May we sead you illustrated booklet? TLANTICCITY,N.J. . gbmflymfl«: CAPACITY GARAGE NORWEGIAN AMERICA LINE—SHORT ROUTE TO | Norway, Sweden, Denmark, Germany | MODERN TWIN-SCREW STEAMERS | Bergensfjord. noon, Excellent Passenger_Accomm ‘ofon: E5 Whitehall Btu W X. .Feb. 16 Mar.23 Apr. 13 La Bourdonmais, Feb. 7, Mar, 14 Winter rates mow in effeet i l‘ObRS in AU;ERIA&MOROCCO ‘Thres vag Toue Week Motor Write for interest ive literatare, 1419 New York A-.. ‘Washington, BERMUDA . “The Comfort Route” Weekly Service “ARAGUAYA” 17,500 Tons Displacement From NEW YORK, Jan. 14’ . and every Saturday mmtter Attractive Inclusive Ra THE “ARAGUAYA” is’ tM largest and most luxirious steamer in the Bermuda tradg. rodelings to, EUROPE by .the TEAMERS. Regula: famous 0" & a “lROflMfllsth.d:fih 28 Brosdway ormn.mm,muu-‘ Services Connections Encircling the Globe Drafts and Foreign Money Orders For Sailings and Full Information Apply COMPANY'S OFFICE, §17 14th St. N. Washington NEW ZEALAND HONOLULU, SUVA. AUSTRALIA 'A'he Palntial Passenger Steamers R.M.S. “Makura™ 13.500 Tons B. C fares and sailinge apol w York av Nev York, Cherbourg, Soutnampton. New York, Liverpool. New ’nrk Boa(nll Azores, Naples, Genos, 1. Quebes, Liverpool. 2 RED STAR LINE New York. Plymouth, Cherbourg, Antwerp, Hamburg, Libau, Danzig. AMERICAN LINE New York, Che . Hambury, Dansig. l-m 2ailings and other tnformation ap; nmxnnoxu. mcm MARINE Cf Washingion ot m F st. n.w. l u Mana, BQURNESS g The pal #urness 'Bermud Sailings Twice Weekly From N. Y. Every Wed. & § From Bérmuda Every Tues. & § 'l'lektl- ‘nod on either steamer. equalled express service Vi 855" “FORT "VICTORIA® Twin-screw, 14.000 tons displacement S. S. “FORT HAMILTON” Twin-screw, 11.000 tons displ ent. ‘Bermuda offers all out-door sports & _Golf, Tennis, Sailing, Bathing, Fishing, Riding, Driv- ing, Ete. No Passports Many Modern Hotels Writé for filustrated liternture to FURNESS BERMUDA LINE 34 Whitehal]l St.. N. Y. Any Tourist Agent West Indies Cruises Three De Luxe Cruises of Twenty-three Days Each, * Visiting 8t. Thomas, 8t Croix, 8: ‘fima. Anu;u mnommfi-. uadaloupe, ZLucia, l::hdu and Trinidad. Leaving New York February 4—March 4 via Palatial Twin Screw Oil Burning 5. §. “FORT ST. GEOR! 14,000 Tons Displacement No. Prssports Required for Crutses. tes, $275.00 up to $850.00 Incinding 1S rooms with private baths. For Further Particulars write FURNESS 'BERMUDA LINE 34 Whitehall Bt., New York, or Any Tourist Agent _U‘EI.Tfl | AR Oc Any Steras Montevideo Buenos Aires Stcamers of 21,000 . 3“- lacement N Y. = S. S. Vestris Jan: 21 S. S. Vandyck (New) Feb. 4 S. S. Vasari _Feb. 25 . for Tours Round South America. For