Evening Star Newspaper, January 17, 1922, Page 22

SR 2 . FINANCIAL.” " THE EVENING STAR, 'WKSHINGTON, D. C, FINANCIAT., . RANKEUECTIONS: - M ADICTREEMARIETR.. | NEW TONE STOCK EXCHIINGE | OMMTESIEAL: 22 NEW YORK FULL OF BUYERS NOW, Received by Private Wire Direct to The Star Office. BUT THEY HAVE BARGAIN EYES (esisned o otent & 0o (urnnhed by . - Hivh & 08 . B, Open. High. Low. Close, Open. High. Low. Close. I3 U. 8 LIBERTY BONDS. , ia\oned. | Adams Express... 53% 66% 3% 65%|PublicServotNJ. 74 WM T W% &0 4 85 |AlrReduction.... 5% 54 62% Pullman Co. 108% 113% 108% 113% 's 1 .d R f B - R d 8.0 Adax Rubber...... % 1 14 Punta Alegre 3% % mu s t‘]l 3 Al 4 lled Chemicai... 6T% ure Oil. 6% % % % Dplen un o usiness S0 eported, ot Allfed Chemical pf 104% 104% 104% Rallway StISpr... 96% 97 964 97 ! > 1.0 AMNis Chalmers.... 4% ;:;‘/- ;fi:: g'""c“";;- 2 20 2 2 e 1 0 : Am Agr Chem..... 30% ay Con Copper... 15 15% 15 15% . But Great Caution Is Exercised. Three More Local Institu- B A AETChem o M e ihe 94 Readrm Pu Tk w s &r Chem p! % ing ney nate hesuits ti [ o 3 Am Bank Note pf.. 52% 52]: :m 2"3:"‘;:’ |:_L. A% TG A% aT% S THE Am Beet ks ¥ eading €d p! 0% 650 50% i inti A Conditions Elsewhere. ions Select Directorates |~ . orsze sowos. A Benear B, W | Remingtonlsipf. &1 & & & in Conflicting Price - French Government 8s 1945. 4% %% Replogle Steel . 0% 2% 2T . and Officers. Erench Goverament 13 S nablcon & steel; S L L Changes. v Citles Bervi 1d).... Am C; 17 146 epIron tl pt.. 86% 86 3 Special Dispatch to The Star, 1 activity in crude cottonseed oil and |lowed by selection of officers to serve | United Kingdom 5%s 192 L S nance Am Express 185% 184 St L & San Fran. a% 1% e : bt dioh T XEW YOR}\S January 14.—11:!: corn oll. "The cotton seed oil options| during the ensuing year, were held by Taled Susain ol 1. Continental Motors. .t Am Hide & Lea. n SO 3% % bl SlanEns Toopd Lt e city is full of buyers at the present | market is stagnant. t ol Cressen Gold. Am Hid, . 60 59% & ouis Sown p! B% g of today’s stock market were time, but they are buyers with a = 'C"' Amerlcan, Secyrity gand Trust|Americansagrl:iChem573e 1541 Davis-Daly . Am]cgalu‘pt g% & 8% Santa Cecilia Sug. %1% attributed in part to uncertainty aris- SBatoanootaEnl ey e Tora’ bargaln, Electrieal Equipmen: ‘ompany, the Munsey Trust COMpPAaNY | Armour & Co. 4%4s 1689... 3 Pemiatag 1011 AmTcepf......... W% % % Saxon Motors. . . % 2% Ing from yvesterday's sudden advance Taken as & whole, these bayers are| DETROIT, January 17 (Special).—|and the Mount Vernon Savings Bank | Atchisen, Toseks and 8., gen. 4o 1906. 1kt Basln Am International. D b A T {of call money to 6 per cent. Specia placing @ splendid volume of busi- | Electrical equipment dealers report a | t092y. Atlantic Refining Co. 6148 193 SinseraiPete nnseen X Sears Rocbuelk. - o e |issues were strong, however, Gull ness, but individually they are buy- | considerable number of replacement( J- P Herrmann, Dr. M. G. Gibbs and Atias Powder Co. 7% 1006 rrell Coa Am Lo';:ene-:gn ears Roebuck pf. % 8 States Steel. Industrial Aleohol, Wells ing caretully and with due regard |Oorders coming in. Much eguipment, | Willlam I. Shannon were added to et o Am Safety Razor. . Seneca Copper. a% 2% Fargo Express, Virginia Carolina o conditions In thelr own home lo- | {hey say, has been used longer than | the directorate of the first named B raty Hase Am Ship & Comr. s Shattuck-Arizona. s & Chemical and Nutional Cloak and Suit is safe and insurance underwriters|company, while those of the old s Shell Trad & Tran. % 8% 3 S calitics both now and as they May [have required replacements. The 2 C3 | Broekiyai Raisen AeUn. Sinclair Oil. 0% 20% Preferred gaining 1 to 2 points ‘ be when the goods bought are de- | movement has been aided by easier board to be re-elected were Charles A s;fl'lll"lb . 5 10! heffleld. a% 8% Crucible Steel was under furtler eared. bank credit. J. Bell, Yohn C. Boyd, George W. Guttey-Gillesple "o Aapoy heffela pf.. pressure, declining 1% points and The trend of prices in dry goods| — ‘I:»rown. Albert Carry, Willlam M. International Petroleum (new) Am Sugar pf. 1% ;g:::e;n ;:ul:}ne. heaviness was shown by Mexican Pe and some other fields is upward.| . SERT-0) ‘dates, William S. Corby, Willlam W. rome Verde Am Sumatra...... 8% ern Raflway. troleum, General Asphalt, Americar LANTA, J: 1 cial).— 2 X . ML and St. . Kay County Ga Southern R: 2 whereas many retailers and jobbers | sugar is selling within B Spectal s | Everett, William J. Flather, ir.; Cary | (i Ji S & ot oote s Loke Torpedo. :: :e‘b& Teleg. "fl: Stand Oil ,,,’g,'_ Locomotive, Pressed Steel Car and feel that the general temper of thecents a pound at retail here. T. Grayson, James M. Green, Gilbert | Chicago Northwestern 615s 1936, 5 Tincoln A Tonaseea :gw Stand Oil of N J Coca Cola Chi., R. Tnland and Pac. refd. 4s uu.: acco (B) Stand Oil N J pf. Ralls gave no early indication of consuming public is demanding re- ductions in price, and that condition is enforcing caution among pur- chasers. In spite of this attitude, however, the majority of merchants are confident that business is on the mend. . The recent increases in the price Wool. BOSTON. January 17 (Special).—The wool market continues very strong and it is feared by manufacturers that un- less permanent revision of the tariff is effected before April 1 there will be a famine in wool. They claim that the H. Grosvenor, Joseph Leiter, G. Percy MecGlue, Edward B. McLean, Howard Moran, Clarence F. Norment, Newbold Noves, Albert M. Read, Howard S. Reeside, B. F. Saul, James F. Shea, Charles A. Spalding, Corcoran Thom, John F. Wilkins and Clarence R. Wil- Chicago Union Station 8ls 1963, Cuba Cane Sugar 7s 190, Delaware and Hudson 7s 1080. Du Pont 71z 1931, Erie general lien 43 1008.. General Electric 8s 1940. oodyear Tire_and Rub) rand Trunk 7s 194 reat Northern 7n Merrit Ol Midwest Midwest O1l ptd. Midwest Kefining . Mountain Producers.. Am Tobhacco pf (n) 9% Am W Wks 6% pf. % Am Wa Wo 7% pf. Am Woolen. Am Woolen pf. Am Zinc & Ld pf. Anaconda. Asso Dry Goods. Steel & Tube pt Stewart-Warner. . Stromberg Carb. Studebaker. . Submarine Boat.. Temtor Corn (A) Tenn Copper.... following yesterday's upward trend Highest Opening Rate for Year. Traders for the long account were not much encouraged by the 473 per cent opening rate for money, that figure being the highest initial quota- tion of the new year. and some other commodities S Tt o % : e v : T Eie seation are taken to forecast | hortionaner8eney (arift prevents tm- | 5G| 4oura organized fmmedi- | Interoationn) Mere. Siars 6. Asso Dry G Int pf. 6% Texas Company. Standard shares made little head a turn upward in bullding materials. ately and elected the forowing offi- | Int. Kapid Transit 1st and ref. ow, 1966 A8So Dry G 2d pt.. 76 exas Gulf Sulphur T e ot Th is less price cutting by cement o Cha S o Kelly-Springfield_8s, 1931 Texas & Pacific argely confined to stocks controll dealers and paints are in increased Shoes. cers: Charles J. Bell, president; Cor- | fouiiilie"snd “Nachvilie 7a, 1630, 1" ABsoOlL. g A% Texas & P C & Oil by pools, 'S Tiae small merchant for the first time coran Thom, Howard 8. Ilcv:_!de, B. F. | Missourl, Kansas and Texas lat 4s, 1000 Atchison = 2 Of the better known issues Stude- demand. Third Avenue . Saul and Howard Mor: vice pre wourl Pz e general 4s, 1973. % Atchison of. Tobacco Prod 5 baker and industrial alcohol were The reductions in prices of jewelry are expected to result in_increased will have a chance to bid on trench and fleld shoes sold by the United States dents; James F. Hood, secretar: Charles E, Howe, treasurer; Alfred B. New York Central 7s, 1930, New York Central deb. 6s, 1085. Atlantic Cst Line. . Atlantic Gulf. Tobacco Prod pf.. most prominent with several of the tobaccos and motor specialties, Wells agh the cuts have been | Army. Bids on as few as six pairs will a e, Xork) Centeal DUy g, A e O & s been | b6 received up to February 8, when the | Leet, trust officer; William L. Beale,| Xiloi“ana Weatern cons. de, 1606. Atlantic Petroleun 22% Trans Contl Ol Fargo extended its rise to 313 poin Tactive and large stocks remained |government will ofter over a million | Feal estate officer; John G. Holden,} Norfolk v B A Baldwin Loco %% ue & Wilms and Adams and American Lxpress ld. Glassware and crockery are | pairs. auditor; Alfred C. Flather, manager, | Northern Pactfic s, Ryan_Consolidated. Balto & Ohlo tomol. gained 23, and 3 points. ;.;.fiu_" lleanns b new business department; Martin Packard Mo Salt Creek Producing. 5 : | Beth Steel (B) Union Pacific. Louisville and Nashville’'s rise ot The consumer is now getting the Glass. West and James C. Dulln, jr.. asslsi- e 3% 135 | Booth Fishertes Unjon Pacific pf. 23, points was the only noteworthy benefit of the slump in egg Prices| KANE Pa, January 17 (Special).— ant secretaries: David N. Houston, T.| penngvivania g i Petrei, 11% 11% | Burns Bros A. ... Union Tank Car pf 104% feature among rails, Whieh hae occurred throughout this | Tits Alleghens Wiamr Glass Coeiany's | Stanley Holland, Kenneth F. Brooks| pennssivania gen. mortgage 4%s, 1985. . Skelly 0N . 5 Big oy A United Alloy Steel. 27% g Last Yenr Mistake Recalled. entire district and which has beclz‘n plant at Port Allegheny will be. placed .;v‘m Vi l{:\l"’?]t];mra?’ K”yumdl.rru:;l o{- Reading general 10T e 821 Nouthern Coal and iron . LI “uupr'“"’_:_"r United Cigar St pf.105% 106% 106% 106% | What little hesitation was oCe:- accompanied by reductions in the | in operation February 1; giving employ- | mmicy ‘wimam W. Reck and John .| Sl [ouis and Sun Franciseo (e, o, 1000 e Taberan e 23 230 | Butte & Superior OnitedDreug 2% 6% 2% |sioned vesterday by the flurry in he d chickens. £ ugitt, assistant treasurers, main of-| & P T PEicess oC buttergndic ment to 200 men. fi ey e v (1o, | Senbonrd ‘Air Line ta.104 Tonopah Divide. @ ® ° |Butterick United Ry Inv.. . 9 8% 8% call money market promptly disip- = S s W, fand. assistant Alr Line refdg. ds, 195 Tonopab _Extension. 1918 185 § T nited Ry Inv pf. 28 28 23 [veared in the price movements toda Better Trend of Business Roofing. Sreapurers, contial omces Tilehard B Alr Line ad). Goifed Eantern i T o Unjted Retail Strs B% 5 6% | Taturally the rate on standing (x h t EW YORK. January 17 (Special).— | Harris, assistant treasurer, southwest Pacific_conv. © 8 Light and Hest pfd Y 31 | California Petrol US Cast Ir Pipe... 18 164 18 |i=ens was advanced from 3% to 11z Reported From Northwest | Ashait roofing manufacturers have cut | branch: Harry P: White, assistant | Sonthern 1 g e Tt i o T o US CastIr P pf 5 8 8 D cent and most of the new borrow prices to the bone during the winter | treasurer, northeast branch, and John | jouthern y 8. Bhip Corporation. 9" 2 i . 123% U 8 Food Prod. ... 8% 8% 8% ind was arranged at the same figurc. A ' ¢ E. NCKES. months i N R ir pla S 4 Chan Tnion Pacific 1nt 45, 2008, 9 > Canadian Pacific. . 123% USIng yea: ago Wall street made the mis- BY E. J. JE: months in order to keep their plants In | k. Benton, assistant auditor. nion Pacific conv. ds. 1937 Voitea "o Y Carson Hill Gold... 12% D Shi Aloonol: &% A 8 17 of putting its bid for funds | . ation and tuned up to meet the 5 o Tse oy s U te Ol ubber. “ ake o i fo s oo “;1"“3%‘[? ?T:;::;r'n Increasing ”""‘,’, d"“"'}:" which is'expected to bo ma?:‘oel;?;l l‘hd: 'éi:"dlfifii’ e 3‘? 1‘%:35 Daton, Facile 10s. L 1 g:;‘;;'d'e“‘;‘:;,'f:" :m U S Rubber 1st pf. 100 ;fi“ 13" I:“ ’l;;‘;;k“:]'; he d'g;“n“ atentpriown 3 a 7. —] very heavy this year. v p = ju y and Imp. 5 e e! - S anks v v . New Yo freight traffic, resumptign of mining e ings branches later today, and an Renlty and Tnp, 55, 1934 Wright Aero. Chandler Motor... 5% gggfl“’}‘& Ref. % 3% % |pgances because they could find more and reductions in the cost of house- Notes. m_-lllncYmenl of the full board will be A:’:‘A‘L&r O o Ches & Ohio 5% oo el 5 841 8% 8% | profitable employment for these in hold necessities indicate the better e madoslaters Armour Leather pft Chi Ml & St P..... 18% S Steel pf. 17% 116% 116% ! their localities. In consequ the trend of business progress in the| FPITTSBURGH. January 17 (Special).| Charles J. Bell, president of the in- ATDgaE DI " Chi Ml £ St P pf.. 2% Utah Copper. 64% 63 64% | New York money market tightened up northwest. Decidedly improved con- —hstei;l producers in this district are (stitution, presented his annual report, 1 = Chi & Northwn. ... €37 Utah Securities. .. n 10% 10%|to such an extent in February as to planning to make extensive use of the | which showed net profits for the i Vanadium Corp bt Rl e A e Sl Chi R1& Pacific.. 2% ditions are indicated in North Da- kota, where the larger insurance inland waterways In an effort to avoid past year of $683,000, and a net in- Chi R1& P 6% pf.. 78% Van Raalte 1st pf. to start the decline in other investment securities which did bonds and anies have begun to malke loans | high freight rates. The Jones & [crease in numbers of depositors of SHORT-TEI : VaiCa: Chenr s D lonization. projects involv- | Laughlin Company started the experi- | 3386, which brings the total number Forohed vy RepouRITIES. Chile Coppet. va xm;%:.']"&c not culminate until the following ing 75,000 acres of land in North Da- [ ment by, loading a barge fleet with large [ of depositors up to 65,165 at the close ~—Noon— ~ Chino Copper. Vivadou June. Kota and Mbntana have been an-|C3I8oes for southern markets. So suc-|of business December 31, 1921 Bid. Offer. Bia. “Aeked, | Coca-Cola. Wabash pf Sitwation! ¥ Changell R imcad within the last few days and | cessful was this offort that other fleets ascs eusd Coastay 100 e B T oty WavashprA. uation Now Chang there is every indication that trading | have been secured and the Carnegie| . =~ 5 . 7 1op™ 10U | Borne-Scrymser Co. 82" 3 |Colo & Southern. ! B. The position now. however, is alto- In northwestern lands will be active | Steel Company is planning a similar sys- e stockholders’ meeting of the ot 300621 Bsue Pipe_ Line £ o1 | Col G Wells-Fargo Exp. gether different, for the federal re- o tem on an extensive scale. The Ameri- | Munsey Trust Company will be held o2 ma;(’nmhflmufn Mfg. Co. 15 15 | &0) Graphop Western Md. serve ratio stood at 45, and now It 3 ater today, but, according to an- | Continental 8 132 Western Md 2d. stands at 75, and there was an acite Wholesalers anticipate an active spring trade, as the shelves of the country merchants are bare, and re- duction of freight rates is resulting in shipments of large quantities of can Steel and Wire Company will send several barges down the river this week and the National Tube Company and the Donora works will do the same. ST. LOUIS, January 17 (Special).— nouncement made by officials of the company, no changes are anticipated elther in the directorate or officers of the institution. 9815 Armour & Co. Bethlehem Steel 7n 1922 Bethlehem Rteel 7s 1023 Bethelem Steel 935 Crescent Pipe Line Co. Cumberland Pipe Lige. Galent Signal 01l Co. Col Graph pf. Comp Tabulator. .. Cons Cigar-. ... . Cons Gasof NY. Cons Intl Cal Min. 5% 2% Western Union... Westhse E & M Wheeling & LE. White Motor. i need for money in the interior s tions to take the place of funds t up in frozen loans. It cannot be as- sumed, therefore, that the -rafts dur- ing the last day or two by out-of- grain to market, with consequent in- | Public utllity' companies all over the| Mount Vernon Savings. TisoistElpe Line 08 Cons Textile WhlLeOR. .. . 00 town institutions h, B eage in the buying power of the | Southeast and southwest are maintain- ith the sole exception of elevating ana Plp . own institutions have any such sig- e I era ars PAvINE off old | Ing high rates. The Laclede Gas Light | Willlam R. Baum, cashier, to the of- tlogal Traneie Go.....co.. Corn Product e npencer 164 18% L% |nificance as they did twelva months debts and salesmen on the road re- | Company, having been denied a rate|fice of vice president, the old board of R ek P Tine Oo.. Conden & Co WieonCont o 3 ago. But they do serve as a reminder port satisfactory orders. increase, has requested permission to [directors and officers of the Mount Onia 01 Corr. s Crucible Steel. w‘uonoo P]- ; M 7 70 |that a redundant Wall street supply Retail trade is slow and dealers|furnish lower quality of gas. Vernon Savings Bank were re-elected 1 Crucible Steel pf.. 81% Willys-Overian 5% 5% B%|which offers tenders %o better than continue to woo cautious buyers;vi:h at the s's,!ockhnlders' meeting of that | Eniciejolisnda Cuban-Am gux-v. 1:‘», “g;:l’:::gg: R g% i g‘i g* 3 lo 3% per cent can automatically post-holiday sales and extensively . ank today. H Prairi Cuban-Am Sug pf. 78l . cause a diversion to other districts advertised price reductions. Washington Stock Exchange. |, Those re-elected to the board were | O | Boumhers. Pipe Line Cuba Cane Sugar.. 8% Worihinglon (B). & 8 @ 6 |where betier terms can be obtaincd. it s Sires Jumes X Baden William Riemauml) Guf il 108 outh Penn, 0l Go_ i e s o e e e O raa mavival It Production in Every Line gepttal Traction 5031000 at 85%. | Golden Donaldson, Charles . ¥ord, | Hocking' Valler 18 Stantara oft Co. Chlitornia. .. Del & Hudson- .. 1% ik Hiah. Low, Last. | There was nothing in the stock mar- . Potomac Electric g. m. 66—§1,000 at 98%, Harry W. Hahn, Samuel J. Henry, | Humble Oil 7s 192 1013 | Standard Of1 Co. Indian: Del Lack & Watn. . 113% ONeY....0 % 4% % operations of the day to suz- Grows in Pittsburgh Area | s1iooo st ons: : +| Fred Hewitt, William H. Johnston, { Kennecott Cobper 7 1830 10813 | Standard Ofl Co. 1 gest any old-time speculative revival c#n.x Traction—10 at 97%, 10 at 97%, 5| Dr. E. F. Koss, Henry C. Moses, Wil- | Procter & Gamble 75 1922 100ig | Standard Oil Co. Ke Dome Mines i HOURLY SALES OF STOCKS. But there was a general and very BY H. B. LUFMAN. at 10 at 9714, 1 at 97" liam Muehleisen, H. Glenn Phelps, | Procter & Gamble 7s 1923. 10214 Standard g.lll 1:5‘ aveasha Endicott-Johnson. 79 ilam consistent display of strensth " Bpecial Dispatch to The Star. ‘Washington and “Eiectric pfd.—25 Raiwa; at_68, 5 at 66. T Oscar J. Ricketts, B. L. Rinehart, D: J. Townsend Russell, Capt. W. R. J. Reynolds 6s 1922 100 Seéars, Roeb Co. Sears, Roebuck & Co. 78 1923 0914 ioo | Stan Standard 0il Co. Ohlo.. Swan & Finch Co. Erfe......coco0eee 9 13% 827 Erie 1st pf 1pm. The speculative community, thrown off the scent by the reaction talk at the start of the month, has got buck PITTSBURGH, January 17.—The | Lanston Monotype—10 at 713, 20 at T1%.|Stayton, Col. Charles Cowles Tucke Ol 78 1925 I, El > 1 R i 4 , Col. S S | i 021 | Unlon Tank Line C Famous Player ; striking feature of the business situ- | 25 At 1%, 20 at 115, 20 at 74,5 at 1| 3 “Ungerer, 1. S, Walcott and O. | Southern Raliway. Gor 1955 102 | Lolom Tack i Famous Playrs pf. 9 its confidence and in some measure ation in this territory today is the in- 7 AFTER B. Zantzinger. Southwestern Bell 58 11 mm Washington Ofl Fisk Rubber 12% even optimism regarding the busi- crease in_the output of industrial ER_CALL. The board organized and re-elected | Swift & Co. 7s 182: 1018 R R e wreeport Texas br ness outlook. As a result, holders o i stocks are not anxious to ell a plants. Fears had been expressed that recuperation from the sharp cur- tailment during the holiday season would be slow, but, on the contrary, production in every line has increased .tlflnl(on Monotype—25 at 71, 20 at 71, 20 Mergenthater Linotype—5 at 120%, & at 120%,°5 at 1291, 5 at 12915, & Money—Cail loan, 5a6 per cent. BONDS. R. Golden Donaldson chairman of the board: William Muehleise: ident; E. C. Johnston, vice presidents R. Baum, vice president and cashier; Swift & C Texas Co. Union Tank ¢ 1930, Western Electric 78 1625 Westinghouse E. & Mfg. 7 TREASURY CERTIFICATES. 18 102 1027 10515 107% w| INTERCHANGE BY RAILS. LONDON, January 17.—Interchange of rallway operating employes be- tween England and the United States Gen Asphalt. Sen Asphalt pt Gen Cigar Gen Electric. Gen Motors. . 57% AGTIVEAND STRONG a it [ takes -only a little fresh buying to bring about quite substantial gains It was the motor stocks which were leaders yesterday and a With these went logically the sharcs ‘in a most satisfactory way. In some H Robert T. Highfield, tant c: sections, notably the Wheeling dis- Bid and Asked Prices. - |ana R. Golden Donaldson and C. C. ——Noon.—— | 1134 been suggested by F. V. Russell, | Gen Mot 6% deb. of motor accessories companies and Tucker, counsel. Rate—Maturity. Bid. Asked. operating superintendent of the Great | Goodrich. the rubber and tire stocks. The cop- trict, steel production is greater than for several months. The steady prices ©f the last week, with other evidences ‘of a more stable market. have influ- ‘enced buyers to place orders in great ‘wolume. About 700,000 tons of steel will be needed in the automobile industry this year, according to trade esti- mates, and makers are counting on the sale of at least 1,500,000 tons of tinplate. The oil industry also Is ex- pected to call for a large tonnage. Retail dealers in this territory re- port successful clearance and white | PUBLIC UTILITY. Bid. American Tel. and Telga. 4s. ‘American Tel. and Teiga, 43 Am. Tel. and Tel. ctl. tr. b Am. Tel. and Tel. conv. 6e. Al stia and_Potomac 5 costia and Potomac guar. 3s. d P. Telephone bs. nd P. Tel. of Va Clty and Suburban 5s Georgetown Gas lst Metropolitan 5 Potomae Electric Light FPotomac Electrie cons. 5 Potomac Electric Power 65,0 c. Power g m. Bs. National Savings and Trust Co. At the stockholders’ meeting of the National Savings and Trust Company, held yesterday, Frederick A. Fenning was added to the hoard of Uirectors. Members of the old board re-elected included Woodbury Blair, James A. ‘Buchanan, Willlam A. H. Church, Wal- ter C. Clephane, William V. Cox, Wii- llam E. Edmonston, H. Prescott Gat- ley, William D. Hoover, Reginald S. Huidekoper, Victor Kauffmann, Charles Minshall, Frank W. Stone, Willlam H. Walker and Henry K. 5338 February 16, 100 332 March 15, 192 March 15, 1022, arch 15, 1022.. April 1, 1922 100 532 100 7-32 1009-82 100 11-82 B8 % 100 5- 100 11-16 100 13-16 100 8-16 100 5-16. 102 18-16 102 15-16 102% 10235 Grain, Produce 53,5 June September 15, Eastern railway, of which Sir Henry Thornton, a Philadelphian and for- mer American railway man, Is head. Mr. Russell, who is just back from a 25000-mile trip of inspection through Canada and the United States, thinks that Englishmen could learn much in freight handling, but that the United States could get a few tips on passenger traffic from England. and Live Stock Goodrich pf Granby Consol. . Gray & Davis. Great North Great Nor Ore. Guantanamo Sug.. Sulf States Steel.. 674 Haskel & Barker.. 81 Hendee Mfg illinois Indiahoma | indian Refining. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January 17.—The bond market was active and strong today, but without the preponderance of ad- vances that there had been on other days. The large volume of business in American Sugar 6s was noteworthy. |slde following that was & of these bonds, as well as | per group was conspicuous and so were many of the minor steels, while a large number of specialties in which pools are supposed to be at work were bid up one after another. Motors Strong Again. The only trouble with Studebaker as it stood this morning was thut there were too many bulls on it. Yet despite the rather t0o numerous out- collecting. the stock was consistently strong Studebaker's preduction for th current quarter calls for 23700 ca es and declare emphatically that| . Power ref. Willard. t_the confidence that the Amer-|This comparcs with an output of there is business for those who go e andL Mt Ve, The newly elected board met fmme-| LOCAL WHOLESALE P ND PROVISIONS. inSpiration o i Sugar Refining Company, with (11,400 cars during the s three Balto, and An. 5 y 4 met imme SALE PRICES. GRAIN Al Interboro Met pf. its financing completed, and &s a| months last year, whin eaiings after it. The coal market is slow and in the immediate vicinity of Pitts-, burgh production continues light, the ' VWV operators declaring that the union mines cannot compete with properties operated on a non-union basis. Commodity Reports From Various Sections Automobiles. FORT WORTH, January 17 (Spe-| cial).—Sales of automobiles by retail | seaiers have increased 20 per cent in | the last month in this territory. A corresponding gain has been record- ed also by automobile accessory dealers. | SAN FRANCISCO, January 17 (Spe- cial).—An improvement in the de- imand for motor cars is reported by | STOCKS. PUBLIC_UTILITIES, Amerlcan Tel. and Telga...... 1184 Capital Tracti .o = < 48 Norfolk® ana Wash, Sicamboat, 187 Wash. Rwy. and Elec. ¢om.... 40 ‘Wash. Rwy. and Elec. pfd.... 6% NATIONAL BANKS. American . Capital Columbta Commercial District Farmers diately following the stockholders’ meeting, at which the old complement of officers were re-elected. They are: William D. Hoover, president; Wood- bury Blair, vice president; Frank W. Stone, second vice president; Frank Stetson, trust officer; Charles 0. Lam- born, treasurer; E. Percival Wflson, secretary; Frank R. Ullmer, assistant treasurer and assistant secretar: Bruce Baird and David Bognet, assis: ant trust officers. The company declared its usual quarterly dividend of 21 per cent and also an extra dividend of 2% per cent, both payable February 1. A bonus to all employes was also voted. Chevy Chase Bank. At the annual election of directors of the Chevy Chase Savings Bank, held yesterday, the following officers were elected to serve for the ensuing Eggs—Strictly fresh, per dozen, 48; average receipts, 45; southern, 44. Live poultry—Roosters, per lb., 183 turkeys, per 1b.. 46a48; chickens, spring, per lb.,, 28a30; keats, young, each, 50a60; fowls, 26a28. Dressed poultry — Fresh - killed spring chickens, per 1b., 32a35; hens, per 1b., 30; roosters, per 1b, 20; tur- keys, per lb, 50a55; keats, young, each, 60a70. zPork——Dreuufl, emall, per 1b, 12a 1 ii‘“ stock—Calves, cholce, per 1b. 12%al3; lambs, choice, per 1b, 9; live hogs, per 1b, 8%. Green fruits—Apples, per bbl, 6. 10.50; per bu. basket, 2.50a8.25; west- ern, per box, 2.75a4.50. California lemons, per box, 6.0027.00; California oranges, per crate, 5.00a6.50; Grape- fruit, 4.00a4.: Florida oranges, 4.00 50. Tangerines, 4.00a4.50. 3 Vegetables—Potatoes, No. per BALTIMORE, January 17 (Special) Potatoes, new, 150 pounds, 3.40a3.60 0. 2, 2.00a2.25; 100 pounds, 1.75a2.40; No. 2,1.00a1.25; sweets and yams, rel, 3.0084.50; No. 2, 2.00a2.25; bushel, 1.00a1.60; No. 2, 50a75. Beans, hamper, 1.00a3.50. Beets, bushel, 75a85. Bro- coli, 25. Cabbage, ton, 50.00a60.00. Carrots, bushel, 85a1.00. Cauliflower, barrel, 2.00a4.0b. Celery, dozen, 75: 1.50. Cucumbers, _crate, 6.00a8.00. Eggplants, crate, 8.00a3.50. Horse- radish, bushel, 4.00a4.25. Kale, bar- rel, 1.10a1.25 Lettuce, basket, 1.25a2.50. Onions, 100 pounds, 6.00a7.50; No. 2, 3.00a4.00. Oyster plants, bunch, 7a8. Parsnips, bushel, 75a90. Peas, hamper, 4.00a 4.50. Peppers, crate, 5.0026.00. Rad- ishes, bunch, 4a5. Savoy cabbage, bushel, 75a80. Spinach, bushel, 1.60a 1.75. Squash, crate, 4.00a4.50. To- matoes, crate, 3.00a6.00. Turnips, bas- Intl Agri Chem pf. 35 Intl Harvester. 83% Intl Mer Marine. .. Intl Mer Marine pf Intl Motor Truck. . Intl Nickel. Int) Paper. Intl Paper (sta)... Invincible Oil. Iron Products. island Oil Jewel Tea pf. Jones Te: - Kansas City Sou. Kansas & Gulf Co. Kayser (Julius). Kelly-Spring Tire. Kennecott Keystone Tire. sge (88). Lackawanna Steel 46% member of the new sugar export pool, would profit materially in the future, both as a refiner and as a producer. More than a million dollars in Amer- an Sugar 6s changed hands around 983, Liberty bonds were slightly firmer during most of the day, and foreign government loans as a_ whole main- tained their recent advances. The rise of Uruguay 8s was prominent. Rails Somewhat Irregular Railway bonds were a bit irregular. Several representative issues showed signs of further profit taking. This was true of Atchison general 4s, down a full point, Northern Pacific prior 4s, Louisville ‘and Nashville unified 4s land New York Centrai 7s. On_ the other hand, nsas City Southern 5s were at a new high price when they rose to 86 and the strength amounted to $. a share. Last week it was Chandler that lad the motor group, but today Chandler was the follower and Studebaker tha leader. There were also signs of reviving interest in Hupp Motors, a large block of which was taken at 13. BALTIMORE LIVE STOCK. BALTIMORE, January 17.—With a fair supply of cattle the market was from 50 cents to 75 cents lower. Mary- land and Pennsylvania cows general- 1y $1 lower than the above quotations. The supply of sheep and lambs was light, the market strong. With a fair supply of hogs, the market was lower, while with a light supply, the market [ on calves was about sieady. Quota- tions for the week follow dealers in California, particularly for | Federal year: Edward H. Jones, presiden = . P = >, ! cars which have made-price reduc. i Liberty Thomas W. Perty, firat vice president; | Pbl: 3752400 per, sqck: 3T5nb 00 | ket, 50a60. Lake Erlo & W pf. 2% of St baul convertible S5 followed { '3l e Receipts for week ended i Eioca Fred W. McKenzle, second vice presi- | SWeet potatoes, te. 3.00a2.50. | , APples, packed, barrel, 4.50a8.00; No. | ., ce & Rubber 28 13 2. Chesapeake and Ohlo re. |noon yesterday were 3.068 hear tions. The merciless slashing of the prices for used cars has improved the | situation. H - DETROIT, January 17 (Special).— Manufacturers here are anxiously atching the effect produced by the fourth cut in Ford prices in_sixteen months announced this week. The Ford sedans and coupes have been cut $15 and the touring models $7. : Potatoes. i BANGOR, Me, January 17 (Spe- kial).—The Aroostook potato crop for totaled 37,000,000 | Waatiogton ional *Metropolitan Riggs . Second Washington TRUST COMPANY. American Security and Trust.. Continental Trus . utional Savings and Trust. Union Trust 5 Loan and’ Trust. . SAVINGS BANK. Me Becurity Bav Seventh Street Union Savings Dr. Truman Abbe, secretary; J. E. Troth, cashier, and Paul Sie- man, counsel, The directors expressed satisfaction over the steady progress the institu- tion is_making, deposits showing a gain of approximately $12,000 over figures as of the close of business December 31, 1921. Oft to Convention. J. J. Range, sales agent, and J. J. Range, jr.; Paulus Thyson, H. T. Hoy and S. W. McNamara, salesmen of the National Cash Register Company, will dent; Lettuce, southern, per crate, 2.00a2.50. celery, per doz., 1.25a1.50. Romaine lettuce, 1.25a2.00. Cymblings, per crate, 4.5025.00. Spinach, per bbl., 3.50a4.00. Onions, per 100-1b. sack,’ 7.50a8.00. Cabbage, 3.25a8.50 per cwt. Cucum- bers, 3.00a6.00. Eggplants, per crate, 4.00a5.00. Tomatoes, per hox, Florida, 5.0027.00. Beans, 3.50a4.00 per basket. Sprouts, 20a30 per quart. Peppers, per crate, 3.50a4.50. DAIRY MARKETS. BALTIMORE, January 17 (Special).— Live poultry—Turkeys, pound, 50a55; bushel, 1.256a2.50. Box apples, 2.00a4.00. Cranberries, barrel, 30.00a35.00. - Grapefruit, box, 2.00a 4.00. Oranges, box, 2.50a4.00. Tan- gerines, strap, 5.00a7.50. Strawber- ries, quart, 35a45. Selling Prices at Noon. Wheat—No. 1 red winter, spot, no No. 2 red winter, spot, 2 red winter, garlicky, 2, 3.50a5.00; 1.15. Corn—Cob corn, old, yellow, quoted at 2.90a3.00 per barrel; No. 3 corn, spot, 593 ; No. 4 corn, spat, 57% per bushel; . 69% 8% 18% Lehigh Valley. Lima Locomotive. Loews Inc Loose-Wiles. Lorillard pf Louis & Nash. Mackay Cos pf. Manati SUgar..... 3% Market St Ry. 3% Market St prior... Marlin-Rockwell.. Martin-Parry May Dept Stores. Mexican Pete this road funding 5s jumped 3% points. The new Southern railway 61s sold on a when-issued basis at 941, their offering price today by the syndicate which handled the $30,000.000 sale of the bonds. The subscription books were closed by J. P. Morgan & Co. soon as they were opened this morning. Continue Their Rise. Interborough Rapid Transit refund- ing 5s continued their rise to their highest price in two years. while i against head last week; 124 car loads for market for the week: steer: choice, 7.25a7.75; good butcher, 6. .00; medium, 5.00a6.00; common, 3.00 a4.75: heifers, choice, 6.00a6.50: fair 10 good, 5.00a5.75: common to medium, 4.00a4.75; bulls, choice, 5.00a5.50; fair to good. 4.00a4.75: common to mediun 3.00a3. cows, choice, 4.50a5.00; fair to good, a4.25; common to medium, 1.00a3.00. Sheep and lambs—Receipts week ended noon yesterday were 4 head, against 2,7 head ast week; for Third Avenue adjustment 5s fell off a sheep, 2.50a6.50: lambs, 8.00a14.00. he past season . shels, the largest ducti oy leave this week for Dayton and New 5 vellow, No. 2 domestic or better, i , g 37a38; chickens, 28a32; thin_ an ite | "“0ats—White, No. 2, 46a46l per | Middle States . ings were moderately active at gen- (against 10,099 head last week; lights, ¥ SAN FRANCISCO, January 17 (Spe- clal).—The supply of apples in stor- age in this market is well In excess of the amount stored at this time last year, but the market is firfa on fccount of the heavy export demand. Lower prices are predicted. Flour. PITTSBURGH, January 17 (Spe- jal).—Flour is in light demand here, ;\lyerl taking hold in a small way. ‘anadian brands find a steady call American Arlington Corcoran . Firemen's . National Uslon . TITLE INSURANCE. Columbla Title . Real Estate Tit MISCELLAN Columbla Graphoplione com. D. C. Paper Mg, Co. Merchants' Transfer a Mergenthaler Linotype 0ld Duteh Market com! 014 Dutch Market ptd. Lanston Monotype Security Storage . Washington Market' vention of that company. Treasury’s Call. Local banks have received a call, effective Thursday, from the Federal Reserve Bank of Richmond, as fiscal agents of the United States, for pay- ment. of 10 per cent of the amount of deposits arising from the purchase of Treasury certificates of indebtedness of the two issues dated December 15, 1921, series TJ-2 and TD, 1922. Com- bining the amount of this call for the twelve. federal districts will withdraw from the District banks and place in the Treasury approximately $26,000,- Leghorns, 20a25; old hens, 25a28; small and White Leghorns, 20a22; old roosters, 15a16; ducks, 22a30; geese, 2026 plg- cons, pair, 25a30; guinea fowl, each, 25a50, = Dressed poultry, _ turkeys, pound, 48aso; old_toms, 45 poorly dressed and thin, 38; chickens, 25a30; old roosters, 16a18; capons, 30a42; ducks, 25a30; geese, 23a28. Eggs—Loss off; native and nearby, firsts, dozen, 40; southern, 37, Buiter—Creamery, fancy, pound, 37a 38; prints, 38a39; nearby creamery, 33a 34; ladles, 26a28: rolls, 20a23: ~store packed, 18a19; dalry prints, 20a33; pro- Cess butter, 32a33. - bushel; 3, 433%a44% per bushel. Rye—Nearby, 85a95 per bushel; No. 2 western export, spot, 87; No. 3, no quotations. Hay—Receipts, 90 tons; range is 17.00 to 21.00 for good to choice tim- othy and mixed hay. Straw—No. 1 rye, nominal, 15.90; No. 1 wheat, tangled, 11.00; No. 1 oat, nominal, 11.00811.50. CHICAGO, January 17.—Moderate declines ih the price of wheat took place during the early trading today owing to absence of orders to buy. Commission firms were ready to pur- Midvale Steel MinnStP&S MOK&TWIi..ooo. MoK&TPIWI... Mo Pacific Mo Pacific pf. Montana Power... Montgomery Ward Natl Acme. . Natl Biscuit. Natl Cloak & Suit. 26 1Cloak & S pf. 1 Enamelin Natl Enamel pf. Natl Lead. firm prices. Maryland Oil -8s, with warrants, struck a fresh top close to par, and Bush Termina! Building 58 were up 3 points to a new high record. Copper bonds lost ground. Hemphill, Noves & Co. are expect- ing_to offer soon $3,000,000 Republic of Nicaragua twenty-year 8 per cent bonds around par. Dillon, Read & Co. today sold $3,846,000 Province of Al- herta twenty-five-year 5% per cent bonds at 99%, to yield slightly more than 5% per cent. e — eral 9.20; heavy, 8.25; medium, 9.1 9.20; roughs, 4.50a6.75. Calves—Receipts for week ended noon yesterday were 1366 head, against 845 head last week; calves, 5.00a13.00. NEW YORK BANK EARNINGS. NEW YORK. January 17.—That banks here earned but nine-tenths per cent on their turnover in 1921 is reported by Financial Age, which in its issue of January 14 produces pigs. rom bakers, owing to attractive | V& 000. 'Ex-dlvidend. hase on the setbacks, ho , and 2 O e Rl o — Bonuses for Clerks. ICAGO LIVE STOCK MARKET. he *Mnarket, reacting, scored a slight | Nevada Copper L FOREIGN EXCHANGE. three tabulations showing earnings. it " ‘Thero are fro Announcement was made vesterday [ T * |advance. Purchasers based their ac.(N ¥ Central.. 7 | Seliing checks—doliar values at noon today: | dividends, etcl of national bank ';:gl‘n'fl":,,‘;o:: o e red TO ISSUE DOLLAR BONDS. by R. Golden Donaldson, president of | CHICAGO, January 17 (United States| tion’ for the most part on supposed |N ¥ Chi& StL. 5% Budapest state banks and trea: companies ;Ifldal‘l e demand. 3 y NEW YORK, January 17. —According {,’IQ Comnl'er('ifll Nfl.l_ional Bank, that|bureau of markets).—Cattle—Re- | need of wheat for Rulsllhln‘? Greece. fi;gfl¢:¢ '--~ :;4:! Pal i P“j::;u:' ;‘I::lsr c‘;z,nl:;lelri%:l Té:‘;;'nrin,:v‘;"n 3 to reports here the New Haven Is|of” thas ‘ocitiior e comBloves | celpts, 9.000 head; beef steers and | OPeRing A W ance, wich | N ¥ NH & Hart... 1% | Bherhin .. Copenbagen companies In this city, with capital Iron and Steel. planning to lesue a new series of 7 per | courses in the. Washinston ehaptor | [CCcrs, Strong to 5 higher: quallty |May 111% to 111% and July 1.00% | Norfolk & Wstra.. Clristiania of $321,200.000 and $1,404,633,000. { PITTSBURGH, January 17 (Spe- |cent dollar bonds to take care of the | Of the American Institute of Bank- | 755 she stook and bulls steadys bulk | 0 10U, Were followed by a general | North America.... Aimaterdes dondn patd, 1081 ware $86.515.000, in Na- Ll R e national banks, nine trust compapies 4.500 tons of Bessemer pig iron to an ©Ohio firm at $19.50, valley furnace, lestablishing this as a market price, against $20 formerly quoted as nomi- nally representing the market. : SHARON, Pa., January 17 (Spe- ‘cial).—The Sharon Pressed Steel Com- ny, makers of auto parts, is on a 0 per cent production schedule, with the officers reporting the outlook ‘bright. Rubber. CHICOPEE FALLS, Mass., January 17 (Special).—The Fisk Rubber Com- papy has resumed operations after a shut-down for taking inventory and s operating on a schedule which pro- $27,582,163 4 per cent debentures, known as the European loan of 1907, - ing on December 31, 1920, lhu?c“ 'w':‘.ngl this_loan $14.800,000 in United States Eondl and $13,464,162 in franc deben- ures. GULF STEEL CONJECTURE. NEW YORK, January 17.—Heavy buying of Gulf States Steel common shares, which rose 5% points last week and that much more again yesterday on the stock exchange, has given rise to much conjecture in local financial industrial circles. One rumor v-‘- t‘lfl% cently taken up by the Lincoln Na- tional Bank, the first of the local financial institutions to offer rewards to those employes who fitted them- selves at the chapter. W. J. Waller of the American: Na tional Bank, president of the chap. ter, said yester“ay that he hoped all ‘Washington baaks would soon fol- low the example set by the Lincoln and Commercial. “The enrollment in the chapter this yea said Mr. Waller, “is in excess of that of any previous year, chiefly because the of- ficers of banks are beginning to realise the value of co-operating with the chapter by impressing upon their employes. the !mpofl.avfcepto higher; bulk, 8.50a9.25. Hogs—Receipts, 24,000 head; activi 40 to 65 higher than yesterday’s aver- age; lighter weights ;‘B‘l’) mo-s,' :m:i 850°on hogs averagin Pounda em down; bulk, 7.75i Jf; pigs, 50 to 75 higher; bulic desirable, 8.3683.60; few light weights, 8.75. Sheep—Receipts, 13,000 head; gen- erally strong to 25 higher; fat lambs to shippers and city butchers, 13.00; top fat ewes early, 7.35; good 97- pound fall-shorn Texas yearlings and twos, 10.25. Corn and oats displayed a little more steadiness than wheat, inasmuch as rural offerings of corn to arrive lacked volume. After opening unchanged to %al% off, May 52%ab2% to 52 corn market recovered to yesterday's latest figure: Oats started unchanged to a shade higher, May 38%238%, and then con- tinued firm. Provisions were somewhat higher, in line with & rise in hog values. Potatoes, dull; recelpts, fifty-two cars; total United States shipments, 534; Wisconsin sacked, round, white 1.90a2.10 i Minnesota sacked, round, whité, 1.8023.00 cwt.; Michigan sacked, round, whif 1.90a2.05 cwt. Oklahoma Prod... Orpheum Circuit. . Otis Steel. Pac Gas & Elec. Pan-Am Pete (B). Parish & Bingham Pennsylvania. Phila Company. Phillips Jones. . Phillips Petroleum Piercs-Arrow. *31 By the Assoclated Press. NEW YORK, January 17.—Foreign exchange heavy. Great Britain, de- mahd, 4.22%; cables, 4.22%; sixty-day bills on banks, 4.19%. France, demand, 8.13. Italy, demand, 4.34%; cables, 4.35. Belgium, demand, 1% cables, 7.82. Germany, demand, cables, .53%. Holland, demand, cables, 36.80. Norway, demand, Sweden, demand, 24.87. Den- Switzerland, de- demand, 14.96. Argentine, de- 12.75. 9 15. % | | ark, demand, 19.94. sy | 704, 19.40. Spain, 92 | Greece, demand, 4,37. hand, 33.62. Brasil, demand, Montreal, 94 9-16. 35% 0% and seven state banks not only did not earn their dividends if paid, but cut_heavily into their surplus and profits, the decrease in their sur- pluses being $34,576,000. The av- erage earnings of the fifty banks showing profits for the year were $1,328,300. ——— TOLEDO, Ohio, January 1' Toledo creditors of E. W. Wagner & Co., brokers, appointed a committee of three to take up with bankruptey court officials the proposal to take ¢ company’s affairs out of the hand BAR SILVER QUOTATIONS. NEW YORK, January 17.—Forei 65%; Mexican dollars, January 17.—Bar siiver, oney, 3 per cent. Henry Ford interests were seeking the roperty as a possible adjunct to Muscle Ehanu. and another that the stock was being m-ufln in the open market and at private for Chicago Interests which themselves and to their institutions of the courses offered. The chapter rooms at 1214 F atreet are inadequate for the increased enrollment, but ef- forts are being made by officers of wides for production of 9,000 tire cas- ings & day, of which 40 per cent are cords. This is a substantial increase @ver 1931 schedules. receivers. The committee will g with other creditors of the bz rrpmn B e ; 1% ! bar silver, a z ron| “LoNDON, 35 d. per ounce. s e g o Y = m& organized g- louth-.:n Iron the t;::p;; .hwmncuon. with the T scount rates, short bills, 4 per cent; CHICAGO, Januasy & LSpecialley M0 .. - ¢ e D L Taaws st P tha, § 131683 78 por