Evening Star Newspaper, January 22, 1922, Page 29

;' MeRme New York Stock Exchange|; FINANCIAL. THE "SUNDAY STAR, WASHINGTON, D. C, JANUARY 22, 1922—PART -1. LESINFUTURE] - SHEEPS MARKET Ma;rket Hopes Predicted Ex-|Scope and Volume for Week pansion Will Boom Trade. Copper Is Quiet. NEW YORK, January 21.—In ab- sence of the increase in business ex- pected after the holidays, the steel matket at the moment is being sus- tained by hopes that the predicted expansion is not far distant. In view of the number of building projects in contemplation and the needs of the railroads these hopes would appear to be well founded, although it is now conceded that there is little probabil- ity of much activity during the pres- ent month. The pig iron market is also in a waiting position. and buyers appear to be holding off in the hope of a re- duction in prices. Small Export Trade in Copper. Copper has remained quiet. Some sales are being made by the copper export assoclation for shipment to Germany and France, also Italy and Holland, but the business has been comparatively small. Otherwise very little, if any, export trade is reported and there has been no revival of de- mand from.domestic buyers. while, second-hands and some of the smaller producers are shading prices, and it is said that buyers are finding ulty in placing small orders delivered, for prompt and first-quarter electrolytic. Producers whose stocks have been considerably reduced and who still have a_ goo deal of copper to ship out on old or- ders are maintaining their quotation of 14 cents, which puts them prac- tically out of the market. Premium on Tin. Tin still commands a premium for prompt and January delivery over futures, .with an improvement in con- suming demand. Offerings for. for- ward shipment from the east are lib- eral, and are being reflected in a low- ering af bids here. Lead remains in a healthy position statistically. Large producers are well booked up for January shipment and are showing no disposition to make concessions for February busi- ne While there is little increase in the demanfl for zinc, producers anticipate improvement in the near future, when the demand for steel products in- creases, which would bring the mills into the market. Antimony continues quiet and easy, but even at concessions there is very little demand for export, and con- sumers seem to be well supplied. BALTIMORE PRODUCE. BALTIMORE, Md., January 21 (Special).—The demand for strictly fresh native and nearby eggs is rather cautio the recent action of the market having shattered buyers’ confidence in_egg prices. Each day now is calculated to bring forth new developments in the egg market, whihh is very sensitive at this season of the year. Receipts have been mod- erate this week and the market closed ¢ steady, with 40 cents a dozen top price. ' Prompt and frequent ship- Iments are more advisable than heavy shipments the coming week. The live poultry market continues easy. Receipts have been liberal and only desirable fat stock of all lines finds ready sale. Turkeys are-lower, 40 to 45 a pound for choice hens, 35 to 40 for young gobblers and old toms and_30 for poor and crooked breasts. There is a fairly good de- mand for large young chickens at 25 and 26, with Young winters. two pounds ‘and under, bringing 28 to 30; staggy. rough and thin and white Leghorns overlooked at 15 to 24; large, fat old hens in fair demand at 21 to 23, but small and white Leg- Reminiscent of Many Feverish Sessions. NEW YORK, January 21.—A wave of bullish speculation swept over the stock market this week, the move- ment, both in scope and volume, be- ing reminiscent of the many fever- ishly active sessions which charac- terized the protracted war perlod. Shares of the independent or secon- dary steel groups- were foremost in the” advance, which also compre- hended equipments, motérs and an unusual assortment of special issues, including sugars. The railway list was neglected and oils, in whicH fur- ther price cuts were made, fared only indifferently. Cumulative signs that mergers of the various interests in the steel and iron trade are assuming definite form accelerated the demand for stocks of thut character. It may not have ac- counted, however, for the extraordi- nary gyrations of gulf states and Re- plogle steels. Very much the same reagons ap- plied with equal force to the strength of shares of sugar, copper and other companies, which 'rumor or gossip credited with similar plans to meet the new era of reconstruction and re- Mean- 1 55 ustment. Protessio Suspected. Observers of the week's business were of the opinion that an over- whelming proportion of the trading emanated from professional sources. The active participation of commis- d | sion houses with important middle western centers was indication, how- ever, of a moderate revival of pub- lic interest. Apart from a recurrence of the 6 per cent rate for call money, due mainly to the reduction of local re- serves by out-of-town banks, the money market retained much of its recent ease on more liberal offerings of time funds. Some short-time ag- commodations were made on the un- usually low basis of 41 per cent, with liberty bonds as collateral. Confidence in Investments. Continued confidence marked the investment situation, new corporate offerings, including the Southern rail- way $30.000,000 bond issue, as well as numerous state and municipal under- writings, meeting with ready sale. There was also a good inquiry for many of the old line or pre-war rail- way bonds. The one disquieting note of the week was sounded in the market for for- eign exchanges. London and Paris advances plainly expressed the con- cern manifested in Pittsburgh finan- cial quarters at the latest shift in Anglo-French affairs. GRAIN AND PROVISIONS. CHICAGO, January 21.—Shorts were driven to cover on the board of trade today, improved commission house de- mand’ for wheat making for a steady advance in that cereal which caused the rest of the list to strengthen in sympathy. ~ Wheat registered net gains of 1% to 1%;: corn was up %; oats were % to 34 higher, and pro- visions gained from 1213 to 20 points, although January pork finished 50 points up. The wheat pit was quiescent in the early trading. Local traders were in- clined to be bearish, but did not act on their convictions to any great ex- tent. When the buying started the surplus in the pit was readily ab- sorbed. News developments were mixed, ex- port demand continuing slow, but the wgather map showing that western Kansas received little or no moisture overnight. One authority pointed out that Liverpool remained strong de- spite large Argentine and Australian shipments. Corn_was influenced by wheat, but when the cash markets failed to re- horns siow sale at 19 and 20. The duck market is steady, with desirable stock wanted at 28 to 30, but poor stock is neglected at 23 and 24. Geese are dull at 18 to 26. with Kent Islands bringing top prices. Pigeons and guinea fowl in ample supply at 30 to 5 a pair for the former and 25 to 60 each for the latter. The warm weather prevailing has caused a drop in the demand for dressed poultry of all kinds and with receipts of most lines ample the mar- ket rules easy, prices ranging no higher than live stock except for extra choice to fancy dressed, and capons, the latter being in good de- mand at 40 to 42 a pound for large, 7 pounds and over, and 30 to 35 for medium, 5 to 6 pounds. Receipts of white potatoes are lib- eral and _the market rules wuiet and casy under only a fair movement.! With demand centered on choice No. 1 stock, whick will bring ty %50 per 100 pounds, except Maryland and Yirginia _McCormicks, ~ which are vringing 1.75 to 2.15. No. 2 stock of all sections not active at 1.00 to 1.25. No. 3, or frosted stock, not wanted at any price. Receipts of sweets and vams, are running fair, but market rules’ steady in tome, witn demand good for choice stock at 3.25 to 4.50 a barrel for the former, and 2.0 to 4.00 for the latter. No. 2 stock will bring 32.00 to 2.25. Bushel hampers of sweets sell at 140 to 1.65, and yams 1.25 to 1.50, but No. 2's of both slow sale at 50 and 60 cents. ve and nearby garden truck in 5 TN moderate receipt and fair demand at Beets, 75 25 to 35, the following quotations: to 85 a bushel; brocoli, ‘bushel; carrots, 70 and 75 a bushel; horseradish, 3.50 and 4.00 a bushel; Norfolk kale, 1.25 to 1.50 a barrel: erplant, 8 to 9-a bunch; pars- nips. 75 to ‘90 a basket; savoy cabbage, 75 and 85 a bushel; spinach, 75 and 1.00 a bushel; Norfolk, 1.50 to 2.00 a barrel; turnips, 45 and 50 4-8 basket. Onions continue in good demand, bringing 6.50 to 7.00 per 210£b pounds and 2.50 to 3.50 for 0. 2s. | —_— NEW YORK BOND LIST. W YORK, January 21.— registered *101 2 coupon. _ 8. 4s, registered. 10474 1 8. 48, coupon. 0434 | Panama 3x, regis! 504 ¥anama 3s. coupon. pontis American Smelting and 88 1ion Retining 'v. 68, American Tel and Tel. ¢ 0 Armour & Co. 414: 88 ‘Atchison ge ol ‘Atlantic Coast Line ist 91 Haltimore & Ohio cv. 41 781 Rethlehem Steel ref. 5s. 98 Central of Georgi 93y, Central Leather 5 9615 Central Pacific 15 84 Chesapeake & Ohio cv. 5s. 861, « 2 Mil ol %0, R. 1. & Pac. 7 £ 997 Chile Copper, Col. Trust 8714 Oulorado & Southe: & Denver & Rio Grands tGeneral Great Northern 1st 4 Tilinois Central ref. 45 Interborough Rapid Transit 5s. . e Northern Pacific 4s. Northern Pac. Great ) Pennsylvania’ con.” 414 Pennsylvania i:n. bs. ot I 02 8 1 93 T.ouisville & Nashville ui 90 Missouri, Kan. & Texas ist 43 Y% Missouri’ Paclflc_gen. 4. it Montana Power b 95 New York Central 99% Norfolk & Western cv. 6s.. 105 Oregon Short Line ref. 4s. Pacifie Te. % Tel. bt ] Reading gen. 83 epublic Troa & St 92 St. Louls & San 78 been of the "hamber of Commerce of the city 98% | Getober, 8.34; December, 8.29. Mildred Brown has secretary-manager Miss hosen pt Alton, IIL spond to the advance in futures there was less inclination to run prices up and trade remained within narrow limits. Oats exhibited some strength that was all its own and was helped by some switching of corn holdings to the oats pit. Trade in provisions was not large and was easily influenced by the strength in live hogs and in the grain pits. NEW YORK, January 21.—Wheat, spot, steady; No. 2, red and No. 2 hard, .241%; No. 1 Manitoba, 1.31, and No. 2 mixed, durum, 1.14% c.i.f. track New York to arriv. Corn, spot, steady; No. 2 yellow, §7; No. 2 white, 67%, and No. 2 mixed, 663% ci.f. New York, all rail. Oats, spot, quiet; No. 2 white, 46%5. ; middle west, 10.15 a10.25. rd, firm Other articles unchanged. LIVE STOCK MARKETS. _BALTIMORE, Md., January 21 (Special).—The live cattle market is reported a shade easier, with receipts ample and demand centered on choice fat stock. Common to ordinary cattle continues slow to find favor. Quo- tations today at Light street wharf: Beef cattle—First quality, per lb., 7a7 medium, 5a6; bulls, as to qual- ity, 3a5; cows, choice to fancy, 4%a5; oxen, as to quality, 3a5; milch cows, choice to fancy, per head, 50.00a75.00; common to fair, per head, 30.00a40.00. Calves—Choice handyweight veals, per lb., 12; choice heavy fat veals, 101 all; fair to good, 9a10%; heavy, smooth fat calves, 8a10; hea: rough calves, 6a7. Lambs and sheep—No. 1 sheep, per Ib., 3%a4; fair to good, 2%3a3; com- mon, 1%a2; old bucks, 2%a3; lambs, choice, per 1b., 1lal2; fair to good, 8a10; common, thin, 6a7. Hogs—Straight, 8a9; sows, as to quality, 6a7; stags and boars, 3a4; live pigs, as to size and quality, 1la lzzoshoats, as to size and quality, 8a10. CHICAGO, January 21 (United States bureau of markets). —Cattle — Re- ceipts, 500 head; compared with week ago, beef steers and_ fat cows and heifers mostly 25 to 50 cents lower; canners and cutters fully steady; bulls, 15 to 25 lower; veal calves, 75 higher; common and medium grade feeder steers, weak to 25 lower; cthers and stockers steady. Hogs—Receipts, 11,000 head; active; mostly 10 to ¥ higher than Friday's average; packing sows and pigs about Steady: shippers _about 5.50; good clearance; top, 8.75, on light lights; % | very few over 8.60; bulk, 8.00a8.35. Sheep—Receipts, 3,000 head; toda receipts nearly all packers direat; compared with week &go, fat lambs, 25 to 40 higker; fat sheep and year- lings, 25 to 60 higher; feeder lambs, 5@ to 75 higher; weak closing at the high_spot. NEW YORK, January 21.—Cattle— Receipts, 630 head; no trading; calves, receipts, 390 head; steady; veals, 10.00a16.00; little calves and culls, 7.00a9.00. Sheep and lambs—Receipts, 3,740 head; steady; ewes, 3.5026.00; culls, 2.50a3.00; lambs, 10.00a14.00; culls, 7.00a8.00, Hogs—Recelpts, 3,130 head; quiet: medium to light weights, 9.25a9.50; heavy hogs, 8.00a8.75; roughs, 6.25a 6.50. COFFEE FUTURES UNCHANGED NEW _YORK, January 21.—The market for coffee futures opened un- changed and there were no sales until a special cable was received from Rio reporting an advance of 50 to 100 reis. This was followed by scattered covering for over the week-end, which sent the price of May ‘contracts up to 8.40, or fiye points net higher. Clos- ing quotations were at the best of the day, showing net advances of four to eight points. Sales were estimated at about 11,000 bags. Closing quota- tions: January, 8.45; March, 8.55; May, ; July, 8.34; September, 8.34; Spot coffee dull. Rio 7s, 9 to 9%; Santos 4s, 12a12%. Very few cost and freight offers were received, but Rio seemed a little firmer, with one ship- per_asking 8.40 for 7s, American credits. razillan port receipts, 31,000; Jundiahy receipts, 23,000. Further rains were reported at Szo Paulo. X S High. Low. Div. Week ending January 21, =Mz i Rate. High, Low. 56 48 — AdamsExpress.... 56 523§ 3314 31% 3 Advance Rpf. 32 323 54 454 4 Air Reduction 54 514 17 1315 — Ajax Rubber. M4 1315 5955 5514 4 Allied Chemical 5085 #5714 105 101 7 Allled Chemicalpt.’ 105. 103 | 424 37% 4 Allis-Chalmers..... 447§ 3015 92 86!4 7 Allis-Chalmerspf.. 92 | 90 33 203 — Am AgriChemlcal. 33 303 59'3 56 — AmAgChemicalpf. 5 553 64 553 4 Am Bank Note. 64 61% 37 313{ — Am Beet Sugar...., 37 34 4054 33! — Am Bosch Magneto. 405 37 623 51 4 Am Brake Shoe. 625 534 34{ 324 — AmCan...... 333 9735 93 7 AmCanpf.... 9% 148 141 12 AmCar& Fdy 146 224 19} — AmCottonOll.. 214 4“4 4 — AmCottonOilpf... 43 42 136} 128 8 Am Express.. 131 4% 12 — AmHide & Le; : 123 6315 58 — AmHide&Leapt.. 6315 | 863 7 7 AmIce.. 8615 801 |# 7 6 AmIces LBy 42 38! — -AmInternational.. 42 397 95 9% 1 Am LaFrance a0 2% Am Linseed. . & 3t — Am Linseed pf. 59% 57%% 6 Am Locomotive 10815 105 — AmsSafety Razor... 435 4% 16 — Am Ship & Com. 95 T3 48 43% — Am Smelting. 48 4 9114 86} 7 Am Smelting pt o115 891 833 31% 3 AmSteel Foundry.. 337y 32% 683 541§ — Am Sugar.. 683 59 943 84 7 AmSugarpf. 9435 . 9215 53¢ — Am Sumatra... 5 $ 9 Am Tel & Tel. s 12 Am Tobacco. . 12 Am Tobacco (B).... 6 Am Tobacco pf (n). . — Am Wa Wks 6% pf.. 73 67 7 Am Wa Wks 7% pf. 84){ 784 7 Am Woolen.... 105 1024 7 Am Woolenpf... 2 22% = Am Writing Ppr pf. 21§ — AmZinc.. . — Am Zincpt. { — Anaconda. 4 2 4 Asso Dry Goods 6 Associated Oil. 6 Atchison. . “ee 5 Atchison p! e 7 Atlantic Cst Line — Atlantic GuiZ... — Baldwin Loco — Balto & Ohlo. 4 Balto & Ohio pt — Barnsdall B 5 Beth Steel.. 6! 5 Beth Steel (B). 54 — Booth Fisheries,... 97§ * 6%¢ — Bklyn Rapid Tran. 75 875 5% — BKIynRTctfs..... 75 74 714 — BklynUnionGas... ™ 3% 1191 11533 10 BurnsBrosA.. 19 15% 6% 5% — Butte Copper & Z 6% 53 271§ 20% — Butte & Superior... 27k 22% 2813 — Butterick.... 313 283 105 — Caddo Central .12 1003 68 6 Calif Packing ) 4315 — Calif Petrol 5 83 7 calif Petrol pf. 12614 1193 10 Canadian Pacific... 126}5 1223§ 333§ 29% — Central Leather.... 33% 31 6755 63% — Central Lea pf. 6735 647§ 3514 323 — Cerrode Pasco. 3515 34 624 48% 6 Chandler Motor: 621 33} 573 4 Ches & Ohio. . . 5134 56 63 5% — ChiGtWesterd..... 6l 64 1614 147 — ChiGt Westernpf.. 1644 161 19% 1615 — ChiMil&StPaul... 19} 177§ 33 29 — chiMu&stPpt..’ 33 31 63% 5 5 Chi&Northwn..... 65i5 6314 103 100 7 Chi&Northwnpf.. 103 102}z 333 303% — ChiRI&Pacific.... 33 31%- | 744 704 6 ChiRI&PG%pt... T4 72§ 88 8% 7 ChiRV&PT%pf... 8 85 18% 15! — .Chile Copper....... 283 26/ — Chino Copper.. 56 54 — CleveCC&StL. 3 4813 45 — Cluett Peabody.. 481 4 453 41 4 Coca-Cola o8N8 203 24 — ColoFuel &Iron. 203 24% 40 38 3 Colo & Southern.... 40 39 6935 6435 6 ColumbiaGas.. 6734 23, 1% — Columbia Graph ‘1% 7 — Columbia Graph pf. 70 55% 4 Comp Tabulator. 30 21 — Consol Cigar. 9415 90 7 Consol Gas. 84 5 — Cons Inter Callahan 15 13'3 — Consol Textile..... 5114 45% 7 ContCan... 1003 914 6 Corn Products 5 115% 111 7 Corn Products pf... 36343155 250_Cosden & Co. . T 514 4 Crucible Steel 8514 21 10 223% 55% 11045 19% 23 82 10% 16 8414 74 3274 10 90%% 84% 17% 1Y% 14% 102} 3% 0% 2 5% 35% % 0 144 8l3 15% 48% 106% 13% 18% 6% 0% 3% 8% 4“4 6% 15 70 10% 7Y% 3% 38 1 3% 3 67 16%_12%% 2% 13% 524 39 - 28% 55% 4 2% 10 384 3534 24 2% 6% 26%4250 Inter Cement. .. .— Invincible Oil. .7 Crucible Steel pf. — Cuban Am Sugar. 8% 17 5214 1085 6 DelLack & West. 13% 1 Dome Mines.... 21 5 Endicott Johnson 815 — Erie.... . 9% 8% — Erle1stpf 13} 13 7 Famous Players.... 8414 70§ 8 FamousPlayerspf. 973 *94 4 FedMines& Spf... 40} 38 8 Fisher Body.. . %5 82 8 Fisher Bodyof Opt 8414 82 — Fisk Rubber........ 1224 124 3 Gen Am Tank Corp. 544 50 — Gen Asphalt.... 6035 5734 5 Gen Asphalt pf..... 9334 - 905 6 Gen Cigar Co. . 1% 12 12 Gen Electric 1483 140 = Gen Motors. 9% 8% 6 Gen Mot 6% deb 2% 70 7 Gen Mot 7% deb 833 804 — Goodrich (BF)..... 38%§ 365 7 Goodrich (BF) pf.. 87 88 — Granby Consol. 303 20l '— Gray&Davis....... 174 14 7 GreatNorthernpf.. 74 73% 4 Great Northn Ore... 327 315 1 Guantanamo Sug... 94 8% — Gulf States Steel... 52%% 4 Haskell & Barker. — Hendee Mfg.... ~— Houston Oil. 1 Hupp Motor.... 7 Illinois Central ~ -Indiahoma....... — Inspiration. — Interboro Con —. Interboro Con pf... — Inter AgriChmpf.. = Inter Marine.. 6 Inter Marine pt. = Inter Motor Trucl 7 Inter M Trk 1st pf. — Inter Nickel — Inter Paper. . 6 Inter Paper (sta). — 1Island Oil. = Jewel Tea. — Jewel Tea pt — .Jones Bros Tea. — Kansas City Sou. 4 Kan City Soupf...« = Kansas & Guif...,q 6% 1022, Net. Close. Chge. 2% + 134 25+ 3 sl +3 14 385+ o 104 —1 4+ 4y 013 + 13 3214 + 14 » +2 6334 + 214 3% +1 3%+ U 5834 + 414 34 24 96— 1i¢ 215 | 3 | 18114 — 14 4y + %4 6154 + 134 84 +34 B o+2 | 05— 4 0 — M . | 583 + 1% 105% | - 15 8+ % g+ 2 | 0% + 24 B+ N 6635 + 634 943 + 2 3 253 + 2, 14 = g 4976 + 135 5104 + 3% o+ 2k Pt 1y 87+ 1y 8835 + 4lg 7 2074 — 4 7Y + l,‘«" U — L ) s+ 20 + 55 +3 59 + 1% 675 — 94+ 24, 815+ 24 4 +1 nng — 14 6%+ % 23 + 3 3 +1 1%+ 7034 i~ il 87 12435 + 20 3%+ gy 67 +2 35 6014 + 63 56 . W) ['1274 G| | Tx 625+ 4 16 b B+ 1| 3 + %l 6434 + 13 103 +1 | 3% — % %+ 13y 86l + 2 | 18+ I3y Y2 4734 + 3% 5 la, i 4344 621 3044 185 174 50 3 2855 6034 16334 1001 1335 151 1% 15% [ 4 47 a7 11 27 325 2503 15% 10915 154 2% 13% 3m4 6 6513 8¢ 261§ 18 4675 61 6175 s 75 1604 24 10015 2875 13! 234 1514 i 66 4735 | 53% | 48 341, + 2191020 33 17% 3634 305 kel 113%¢ 375 4336 — 119 203 27+ 14| 30%+ X 68 + 134 195 + 314 9% + 12 2 4 4 5436 + 14 108} + 14 3% — % 21 % 8013 + 1% 9 + % B+ % 7945 — 3%y 9% — 134 0 +3 8 + 6} 82 7 1256+ 4 5436 + 15 8% — 92 + g 2%+ %4 1433 + 314/ 84 — 4 0% — 13 81— 24 3 +1 81 +4 303 + 334 17% + 3% 3% + 3 32 4+ 14 8% — % 64 +12f2! 8 4+ s 15 — %4 75% + 154 13 4 3 01 +1 3 — % 0% + % 2 + 3 575 + 134 3 =1 2 + 8434 + 234 1 6536 + % 315 + 5! 4+ 3 125+ 49 +1 6 + 13 15% 2%+ % 12 8%+ 3 | 35% — 24 2285 — 3] 183 115% 2814 433 904 rn 656 1035 3 423 2114 26%% 18%% 6534 1 1% 2094 13054 4% 2 4 12835 94 245 563 2044 60 101 415 61 5635 101 315 88 18 6534 1y k123 203 15 6% 14 21 1% 8% 9 1% 924 5134 % 165 32% 57% 30 148% 8% Tow. Div. ——1922— Rate. 34} — Kelly-Springfield.. 38% 61 — Kelgey Wheel...... 65 254 — Kennecott Copper.: 30} 15)3 — Keystene Tire..... 18} 110 6 Kresge (88)...... 116% 44)3 — Lackawanna Steel. 50 43— Laclede Gas. 48 263 2 Lee Rubber 28%% 5654350 Lehigh Valley..... 603 158 12 Liggett & Myers 161 01 7 Lima Locometive.: 100} 1255 — LoewslInc.......:: 13% 147% 12 Lorillard (P) 151 36 — Loose Wites. o413 18 7 Louls & Nash . ®15% 57 4 Mackay Cos pf . 61 30)4 — ManatiSugar...... 41 35 7 Manhattan Elev. 47 33 175 Manhattan Shirt... ' 417§ 35 — Market St Ry pfior. 4l 225 — Marland Oll. -2 20)3 2 Martin-Parry...... 32}§ 22— Mathieson Alkall.., 25 ° 117§ — MaxwellB.... 153 101 8 May Dept Stores 109%5 1063{ 12 Mexican Pete. .. 154 2614 2 Miami Copper...... "21%4 1134120 Middle States Oil. 1224 2745 — Midvale Steel... 32 5 — Minn&StL(n).... 5 63)3 7 MStP&SSM..... 655 75 — MoKan&Texwli. 8% 254 — MoKan&Tptwi.. 25% 16— Mo Pacific.... 17% 44— Mo Pacific pt .. 6% : 3 Montana Power.... 703 — Montgry Ward 1% — Mullins Body. 26 Natl Acme. . Natl Biscuit. Natl Enameling. ... atl Lead. . ... evada Copper. N O Tex & Mex..... N Y Air Brake North American. ... North American pf. Northern Pacific. .. Nova Scotiz Steel. . Ohio Body & Blow.. Oklahoma Prod. ... Orpheum Circuit. Otis Elevator... Otis Steel. Pacific Develop. Pacific Gas & Elec.. Pacific Oil. ... Pan Am Petrol Pan Am Petrol (B). Pennsylvania Penn Seabd Steel. ‘Woek ending Janusry 81, High. 31 61 2614 1674 1114 4614 ay 28 5874 158 Pere Marquette. ... Pere Marg prior pf. Philadelphia Co.... Phillips Jones Phillips Petroleum. Pierce ATrow...... Pierce Arrow pf Pierce Oil... Pierce Oil pf.. Pitts Coal... Pitts & West Va Pond Creek Coal. .. Pressed Steel Car. . Producers & Refin.. Public Service N J.. Pullman Co Punta Allegre Sug. PureOil......... . Ry Steel Springs. . Ray Consol... Reading. ... Reading 18t pf.... Reading 2nd pf. Remington Typr. .. Replogle Steel. . Rep Iron & Steel Royal Dutch. ... StL&SanFran.... St L Southwestern. St L Southwn pf... ars Roebuck.. . neca Copper attuck Ariz Cop. ell Trans & Trad. Sinclair Consol. Sloss-Sheffield. ... South Porto R Sug. Southern Pacific. .. Southern Raflway.. Southern Ry pf. %{ 4 Standard Oil of Cal. 169%{ 5 Standard OilN7J... 1133 7 StandOfINJpf.... 2414 2 Stewart Warner... 354 — Stromberg Carb.... 79§ 7 Studebaker........ 3% — Submarine Boat 51{ — Superior Oil... 934 — Tennessee Cop. 42%{ 3§ TexasCo.... & 384 2 Texas Gulf Sulphur, 243§ — Texas & Pacific.... 23 1 TexasPacC&Oi 14 — Third Avenue...... 613§ 6 Tobacco Produets.. 9% — Transcontinental.. 674 8 Union Bag & Papr.. 17% — Unionofl.. : 125 10 Union Pacific 71%{ 4 Union Pacificpf.... 25 — United Alloy Stl 69)4 — United Drug. 119%{ 8 United Fruit. 74 — United Ry Invst. 20% — United Ry Inv pf. .. 504 6 United Retail Strs.. 16} — U S Cast Iron Pipe.. 5 5 USCastIrPipepf. 67§ — USFoodProd..... 37 — USIndAlcohol.. . 533 — U S Realty. 513§ — USRubber <991{ 8 USRubberlstpf.. 3413 — USSnfelt Refin.... 82 5 USSteel.. 114% 7 U S Steel pt. 605 2 Utah Copper. 97 — Utah Sec Corp..... 31% — vVanadium Corp.... 21% — Va-Carolina Chem. 8 6 ValronCoal&C... 63 — Wabash........... 193 — WabashpfA 105 1 Weller & Heilbr. 66)4 6 Wells Fargo Exp... 83§ — Western Marylangd. 15 — Western Pacific. 9% 7 Western Union.... 49'4 4 Westinghouse Elec. 64 — Wheel & Lake Erie. 351§ . 4 White Motor. 8% — WhiteOil.... — Wickwire Spencer. 5 Wilson &Co....... — Willys Overland = Willys Ovland pt 8 Woolworth..... 4% * Ex dividend. o 2017 2215 354 6414 827§ 194 5044 115% 28L% 4355 90 25 fil,‘ 1044 rd 4215 2% 2645 18% 65% 1045 61§ 1303% 74 20 44 128% 9 245 5634 204 60 83 304 203 9414 6§ 21 1134 834 .- 8 165 0236 5134 i 4 914! 163 32% 53¢ 30 148% 9415 1773 1143 2635 3815 83% 4 5% 97§ % 405§ 253 241 16%% 6335 9% 674 1914 12854 73 L2644 6934 1244 84 22% 525 1635 51 7 403 8 54} 100 36 8374 116% 63 074 140 Worthington Pump, 4 . 8% 4% + 1% 12 M um % e ILLER TRAIN : ,,:ig,:':;a::,";-:_;, v )| First Mortgage see%ll CONTROL || e e aniidtsr 1% °g + gf‘ uglo; & Fairfax || “INvESTMENTS" can be se- ::676.1- l" Ta Succhestal Operation 1342 N. Y. Ave. Mata 2424 cured now in amounts of oL Sutistics Show | E 1| 5250 Up to $10,000 B4+ 1% stock has returned. .$478,000 Nms {1 i iatie courteous. prompt ssa 5%+ 24 $1,000 originally invested in | = ;:..um:.,.: ‘": :".n = et S ';’,‘ T e e Fl".ixm 'l'rl:; ] compny™each Bute it cont'% o BY%+ 44 $1,000 originally invested in’ clusiv i . D. 1503 — % Mergenthaler stock ihavits: Conservati i anl.sl %l’flee.?th §a\g‘$r ay+3E T et Valuations Main 36—Lean Dept. 113 + 3% 31»8025 O_I{IJM;HY invested in N N LA I e | LIBERTY BONDS @ +1%|f The Interstate Com- BOTENE FOR hEE- oo 5;‘ :! merce Commission has | nd EXdlange i) i;l ordered 49 railroads ‘ 604 14th Street N.W. 324 110,114‘ \ E'? install Automatic 2%+ % [ i ] I‘lll-| Control. F l R S T e ] Tomulemsboler | {90 MORTGAGES|{ % %%+ % 1412 G St. Main 1346 ;{:’21 ]32 e The Safest Security on Earth 55— 1% MONEYTO LOAN Phillips’ First Mortgages are all for less than 645+ 15 in Hume of K230 o S500.000 ] 50% of the ready market value of the property. 8% eI Snatrn {1 They offer you— 1. Absolute Safety. 2. Reliable Security. 3. Liberal Income. 4. Insurance Against Loss. H 5. Protection Against Depreciation. 6. Prompt Payment of Interest. Consult WELCH Loan Specialint (HARRY 8.) s 15th and N. Y. Ave, Lowest Rates Main 4346 ____ Quick Replies BIRD&CO W a3 f ) 7. Repayment of Principal in full at Maturity. 4 | 5 . s BROKERS ! Choice First Mortgage lnv:stments 5 \ 100 1,000 o] Stocks, Bonds || F100 e o Bocktet 51T FREE g — % ! ' 5675 + 44 821 15th St. 3+ 14 Main 3160—3987 ! ;T;fi 1% No Lot Too Large 1 *Safe Investments 0 +1 | No Lot Too Small : 1409 New York Ave. 513 + 2% Direct Private Wire to 1 415 + 214 Ogden D. Budd & Co. I 76%3 (Established 1855) | { i e 12’4 BUY &7 o™, fiem :::u;.} : The successful trader is information, the essentials of Ehel) e Dessiattins | concerned with facts — the important matters,concisely bgt 3¢| aradblesly Srte Twemeat | latest news, the trend of the told, quickly digestible. 6 - Mutsey B'ds. Tel. Main 5419, | market, expected develop- Thatds the functs £ th 241 QFFICERS-—-Willlam ¥ Conrad, Frasident: | ments, active stocks and | e Som e 47" John Brosnan, Jr., =i bonds, the dividend payers, N VESIOR&‘I RADER, recog- + bank, Counsel. | nizedauthorityonNewYork the price range. Curb Market stocks - the The busy man wants selected only publication of its kind. This illustrated 12-page weekly feature of the brok ‘e first deed of trust (mortgage) motes paying the highent rates of interest com- sistent with safe investments which we are ready to dispone of to our clients in sums of $250, $300, $1,000, $10,000 and upward. All investments gunar- anteed by responxible Real Ex- tate Title Companies. Wm. H. Saunders & Co. 1433 K Street Northwest — 14 1634 + 134 3B +2 9% — 134 671 — 3% 60— 15 4%+ 3% Wi+ K 68 +2 M4 — % 767% + 214 + 4 36% + 3'% 3584 9% +2 5+ Y 84— 13 a4+ Y 51+ 1% 2 — 1] 324 + 3%} S5+ % 51 —1 23¢ Wi+ %) 344 — 34 631 — 5 Lgfi_l-:s & Baker New York Curb Market Direct Private Wires | New York Chicage Boston P! Pimbargh Detroit Baitime: his Clereland I I SECURITY MPANY - AMERICAN 15th and Penna. Ave. 817§ + 15 — 13 s%+ %l Capital and Surplus, $5,400,000.00 sFresr Flesxe T ODAY more money is lost through inexperience than through the attacks of highwaymen. A wife, receiving the proceeds of Life Insurance, is confronted with financial responsibilities which you have always assumed. Through her lack of business training the money is often partially or totally lost. ~ Let us explain how you may guard against this contingency. 3% Interest on Savings HOME SAVINGS BRANCHES h and Mass. Ave. 8th and H Sts. N.E. 436 7th St. S.W.