Evening Star Newspaper, January 28, 1922, Page 14

High-Class omes Overlooking. - " " the Park 8 rooms 2 baths - shower, double garage, . inclosed sleeping g or ches, open replaces, quartered oak floors, excellent equipment. and fin- ish. Wonderful values, ‘Easy terms. Open daily till 8:30°- - i 90th and Park Roa:l N.w. ::Kennedy Bros., Inc. Owners and Builders 2400 16th St. Col. 7200 is ‘s, CUBA’S BIG-SUGAR CROP: - YORK, January28.—The new Cuban’sugar crop, accowlling. to. the ‘| Federal Sugar Refinjng €ompany Re- iew, will amount to 8.500,000 tons. 'uban sugar, "the Review :asserts, ‘moved four times’ ds rapidly in the first three weeks_of this year as it did in 1921 corresponding period. A total of 330,666 tons was shipped from Cuba in the period this year as ‘compared to 77.554 tons last year. e | MT. PLEASANT HOMES ON PARK ROAD—Semidetached, 3- story brick, eight wooms, tiled bath, hot- water hes electricity and modern cellar; beautiful interlor floors _ thronghout: -large ajde an sard. PRICE, $14,000. SEMI-DETACHED—Three-story tapestry ick: colonial front; 10 rooms, 2 tiled r heat, eleetricity. and gas; PRICE, $13.500. NEAR Z0O PARK—Reaytiful tapestry brick of two 8 rooms, 2 tiled befTi; one widl SEMI-DETACHED—Reautiful _Lome: bf 10 rooms, 2 baths: hot-water heat, " elec- tricity and gas: modern cellar; spacious lot: garage. PRICE, $17,500. CONVENIENT TO MTH ST. CARS— Colonial front, 2-story tapestry brick: 6 roome, bath, slesping porch;” immediate possession. PRICE, $11,300. NEW HOME—Convenient to 14th St. cars; 2-story brick, colonial front; 8 rooms, 2 tiled baths; strictly modern; lot 130 ft. deep. PRICE, $12,500. Main 4884 GARDINER & DENT, Inc. 717 14th St. N.W. Open for nspection Sunday 3810 13th St. N.W. This attractive'medern priced home contains six large rooms, tiled bath, hot- ter heat, ~wlectric lights, concrete cellar, efront and double rear porches, | sleeping porch, deep lot to wide alley, giving ample room for garage. Very attractive terms can be arranged. Price $9,750.00 From 2:30 to 5:00 P.M. Semi-detached stone _ front English basement residence containing eight rooms (5 bed- rooms) aml bath, electric lights, garage on rear of lot. The location is most - con-' venient_to both car and bus lines. Property is now vacant 80 that immediate possession can be given. Salesman on premises who will furnish you -+ with full information regarding price and terms. RUST - ; 912 15th St. N.W: i 1724 P St. N.W. Columbia Road at 18th Street N.W. Good-paying business and property. Section that i$ increas- ing in value every day. Store, fixtures, stock, store. good will and two apartments above Practically new building with all modern improvements. A Present owner will take a five-year lease if purchaser does not want the business, showing good interest on money invested in property. Act quickly—this is going to sell. 1419 Allison Street N.W. Built as you would build it . home, six rooms, reception hall, bath and shower ncrete- front porch {10 feet wide). utify batl s 2-story rear porches: d floor sleeping porch. Beam ceiling dining room, hardwood roughout. Lot 150 feet deep to 20-foot alley. Double garage. M) L Price $11,500--Terms 'Wm. H. Spignul Real Estate Company ~ E Exc!luive Agent Main 3899 An inspection of this house will convince you of its value. “Everything as represented” Suite 310 Bond Building Do Not Fail to Inspect | EXTRAORDINARY VALUE 8 Rooms 2 Baths 762Kenyon$ Heated | Garage | High-Class Neigllborlmod-—Wonderfull; Complete Semi-Detached Easy Terms Take Mt. Pleasant car to Kenyon street and walk west. ANY BROKER H. A. THRIFT, Owner Union Truft Bldg. 906 N. Y. Ave. N.W. If You Want One of Those Beautiful Kansas Avenue Homes 4 Only 3 Left 3801 to 3831 Kansas Ave. N.W. - —between Quincy and Randolph ~ Sts. Only 1% squares from 14th St. car line. E 6 and 8 large rooms; attic; h.-w. h.; electric light; lots of closet space; double rear porches; wide cement front porch; built-in ga- rage with each house. In a most exclusive location. For Sale by THOS. A. JAMESON QWNER AND BUILDER - Main 5526 After § P.M,, Lincoln 6146-W Fos * THE EVENING -STAR, WASHINGTON BONDS IRREGULAR Some Tendency Toward Re- covery in Libertys—Few' " Changes. d ‘' . BY STUART P. WEST. Special Dispatch to The Star. . In today's bond market there Wis some tendency toward recovery. in liberty issues with’ the -exception of the 8%s of the first loan, which were quite weak. The' selllng ‘in’ these bonds was ascribed again to the fear that the soldier bonus plan would in- volve a big issue of ‘new government securities, ) The general bond list was irregular, with no important change.” .French city 6s, which had sold.early in the week as low as 81, were dealt in at 83. gdom of Sweden 6s got across 9. On the other haud City of Bergen 85 were off half a point. Mer- cantile Marine 6s did not respond to the rise in the preferred stock, which was oné of the features on the stock exchange. In fact, the bonds worked eomewhat lower. 3 St. Paul 4s of 1925 sold at 70 as against the high yesterday of 70%. If anything, the tendency in the rail- way list was lower. The Atchison general 4s at 88 comparéd with yes- terday’s high at 88% and a close of 88%. Traction bonds were steady. Notep. The Interstate Commerce Commis- sion has granted authority to the Great Nerthern Railway Company to sell 330,000,000 general mortgage ®old bonds at not less than 93%. The bonds will bear 53 per cent interest, payable semi-annually. There is to be a public offering next week of an issue of $900,000 8 per cent seven-year debenture bonds of the Indianahoma Refining Company. Dealers in New York of Canadian securities are of the opinion that the strength in Canadian exchange this week has been discounting the pro- posed Canadian-loan in the United States. Market for Canadian provincial bont;! was sympathetically strong this week. FINANCE AND TRADE NOTES. Arbuckles have re-entered the sugar market for soft sugar only on the basis of*5 cents a pound for shipment before February 15. . b Alaska packers for 1921 report an op- erating loss of $127.971, caused princi- pally by inventory “adfustments. The general balance sheet ‘of shows a surplus of $108,136. % - The® Northwestern road has placed contracts for. fifty all-steel passenger cars. A party of New York bankers and representatives of oil producers will in- spect the oll field of Mexia, Tex. A dividend of 4.67 per cent on out- stunding_capital stock has been paid by the Southern Express. This is at the rate of 7 per cent per annum, the company having been in operation elght months. =2 Pennsylvania has declaréd the usual quartefly dividend of 1 per cent on the capital stock, payable February 28 to tockholders of record February 1. Ma s sachusettd™ Avehue; west: of Sheridan Circle to near Connecticut Avenue Bridge. Rock Creek Park to 32nd and Cathedral avenue. Washington’s best home sec- tion. Wooded lots and villa sites.. Some as low as $2,000. Forty homes built and under construction. Geo. N. Ray, Supervising Architect. David J. Howell & Son, Engineers. Middaugh & . Shannon, Inc. Woodward Bldg., 15th and H Tenth Floor. Main 6935. E. C. GRAFTON, President Heating and Roofing Experts 35 Years At Your Service for Roof Repairing Roof Painting Guttering and Spouting Furnaces, Ranges and Lathrobes Repaired Ke@nlble Prices — All Work Guaranteed Wulfington Lonn and Trust Bldg. Msin 760 NO=LIMIT TO-LIFE-IF ASHER BUILT i - LOCAL WHOLESALE PRICES. - Eges—Strictly fresh, per dosen, 48a50; ‘average receipts, 46a47; southern, 45. Live poultry—Roosters, per Ib., 17; urkeys; per lb., 38a40; chickens, spring, per 1b., 28; keats, young, each, 50260, fowls, 23a24. - Dressed ' poultry — Fresh - killed apring chickens, per Ib., 2sad0; hens, per Ib., 25826; roosters, per Ib., 20; tur- g;yu. pey 1b.,'35a45; keats, young. each. Pork—Dressed, small, pér 1b, 12a ! Live stock—Calves, choice, per Ib., 123%a13; lambs, choice, per 1b, 9; {ive hogs, per lb., 93. Green frults—Apples, e, bbl., 10.50; per bu. basket, 2.50a3.25; rn, .50. California box, s.og-a. California crate, 5.50a6.00. Grape- fruit, 3.50a4.00. Florida oranges, 4.00a 4.50. Tangerines, 3.50a4.50. Vegetables—Potatoe! 8.76a4.00; potatoes, Lettuce, southe celery, . per dos g i lettuce, 1.25a2.00. Cymblings, per crate, .00:4.00. bbl. 5 3.50a4.50. Onions, per 100-1b. sack, 7. S.hbnl‘sb 3‘.20203.20 pelr ct:l. Cu & ers, 3.00a6.00. 5 a) er crate, £.00a5.00. "Tomatoes, per box, Florida, %0017.00‘ szGlnl’ 3.00a4.00_per basket. iprouts, 20a30 per art. Peppers, per crite, 4.WI5<W.D e PR - DAIRY MARKETS. BALTIMORE, January 28 (Special). —Live poultry—Turkeys, 1b., 40845 old toms, 35; poor and crooked breast; 30; young chickens, 27a32; thin an: white leghorn: 25; small and white leghorns, 21a22; old roosters, 15; ducks, 23a32; geese, 18a25; pigeons, pair, 30a35; guinea fowl, each, 30a60; dressed poultry, turkeys, 1b., 35a45; old toms, 35a38; poorly dressed and'thin, 30; chicken: {23a28; old roosters, 16; capons, 35a43; ducks, £8a32; gaese, 20a23. Eggs, loss off—Native and nearby. firsts, doz., 45; southern, 42. Butter—Creamery, fancy, b., 39a40. prints, 40a42; nearby creamery, 35a3 1adles; 26a28; rolls, 20a23; store-pack- ; 18" dairy prints, 20a23; process butter, 30. e DRY GOODS STRONGER. Trading Is Li\mited, However, to Week End Needs. ) NEW YORK, January 28 (Special). —There was a stronger tendency cit- ed in'the dry goods market today, al- though trading was limited in most cases to the usual week end require- ments. This position in the print cloths reflected the stronger tone of the market for raw cotton. Southern 64x60s, 5.35 yard are quotell in the nelghborhood of 83 cents a yard, while there has been some trading re- ported in 68x72s 4.75 yard at 9%. The market for sheetings is fairly firm. The trading in silk goods was al- most at a standstill today. The trad ing in raw silk alfso was dull, with only meager information reaching this country from the orient. Prices of silk goods are holding off, as many of them expected the slump in raw silk prices to be reflected in the fin- ished product. NET SALES DECREASE. NEW YORK, January 28.—A can- vass of net sales during 1921 in six- ty-two representative department and apparel stores in the New York district of the federal reserve bank showed a decrease of 4 per cent com- pared with the previous year, it is announced today. This business, however, was 11 per cent greater than the sales of 1919. “The 1921 figures submitted by these stores,” it was stated, “have consistently compared more favor- ably with the figures of the previoas years. than have reports of produc- hlon‘or trade in practically any other ne.” JANUARY RAIL EARNINGS. NEW YORK, January 27.—Weekly estimates. of earnings of some of the ismaller ‘railroads for January con-| tinue to bear out the general impres- sion that the net showing for all of the carriers will be substantially smaller than a yvear ago. The South- crn railway system reports an esti- mated gross income for the first two weeks of the month amounting to $2,713,524, a decrcase of $442,272; the Mobile and Ohio reported $577,141, a decrease of $154,535 for the same pe- riod, and the Wadstern Maryland showed earnings of $564,639, which was a per ccnt reduction as com- FOR RENT Otis Building ,810 Eighteenth St., N.W. Ready for comfortable occupancy February lst, although a number of tepants are now in the building. Convenient to both car lives. Ex- ceptional parking facilities. In same block with Department of Commerce. ~Across the block from Interstate Commerce Commission. Ope hundred per cent light. Space can be subdivided to suit requirements of_tenants on long lea Rents substantially less than similar . in building or . office buildings down tow: Apply to rental office The Albemarle Investment Company, Owners 816 Connecticut Avenue A New Low Price Level In New Homes 2nd and Adams St. N.W. : 6 rooms and bath, hot-water heat, electric lights, hardwood ° trim thruoghout, side oven gas range, large lots to alley, plenty room for garage. The - Best' Value in’ the . City at the Price - Inspect Today or S y Take -North Capitol Strect blacks west, cur® to 24 St; and walk north to || Open asi Lightea a8 2. . Howenstein Bros 7thr and H.:Sts. N.E. | 20a25; old hens, 23a » i GRAIN AND PROVISIONS. BALTIMORE, January 28 (Speclal). —Potatoes, white, 100 lbs., 2.00a2.5 No. 2, 1.00a1.25; ‘150 Ibs., 3.50a3.75: No. 2, 2.00az. Sweets and yams, bbl., 4.0/ No. 2, 2.00a2.25; bushel, 1.25a1.65; beans, hamper, 2.0084.00 beets, bushel. 75a85; cabbage, ham- per. 150a1.75; carrcts, basket, 170; caulifiower, crate, 1.50a2.25; celery, doz., 1.00a176; crate, 4.00a10.00: cu- bers, crate, 6.0029.00; eggpiants, 00a4.00; _horseradish, bushel, . kale, ‘bbl, 1.25a1.50. Lettuce, basket, 1.26a2.25 100 Ibs, 7.00a8.00; No. 2, oysterplants, bunch, 8a bushel, “75a85; peas, hamper, 155?.2.;., Pbpers, crate, 2.50a4.50; rad- nch, 3a4; savoy cabbage, bushel, 75285; spinach, bushel, 1.008 .26; squash, crate, 3.5024.01 toes, crate, 3.0026.50 40a50, 2, 2] toma- turnips, basket, Dples,. 2.50a4. cranberries, bbl., 26.00240.00; - grapefruit, box, 2.25a3.75; oranges, box, 3.25a4.50; tangerines, strap, - 5.00a7.00; strawberries, qt., Selling Prices at Noon. Wheat—No. 1 Fed winter,’ spot, no quotations; No. 2 red wlm:r’,’, spot, {z:flé: No." 2 red’ winter, ‘garlicky, “Corn-—Cob, old,. yellow, quoted at -3.00a3.05 per barrel: contract, spot, ggfi“:wm;' 4.2531:1, 58% per - bushel; g 0. J e buanat mestic or better, 63 es—Bag lot of yell Blop:r P yellow at whart at ats—White, No. 2, 46 and 46% per bushel; No. 3, 44845 per bushel > © o Bye-—Nearby, 80a30 per bushel; No. estern export, spot, 92; No. st port, spot, 92; No. 3, no ay—Receipts, 96 tons; range Is 17.00 and 21.00 for good to choic tim- othy and mixed hay. Straw—No. 1 rye, nominal, 15.90; No. 1 wheat, tangled, 11.00; No. 1-oat, nominal,” 11.00a11.50. CHICAGO LIVE STOCK MARKET. CHICAGO, January 28.—Cattle—Re- ceipts, 500 head; compared - with a week ago, beef steers and better grade fat ghe stock mostly steady. Good and choice heavy steers above 25 cents higher; canners, cutters, low- p:‘iced beef ~ows and bulls strong to 15 cents I a er; ceal calves mostly 75 cents hi.uer: stockers and feed- ers, 25 cents lower. Hogs—Receipts, 8,000 head; mostly 10 to cents higher than Friday's average; closing weak: top, $9.256 on 140 to 180 Dl;und averages; bulk, 8.60a -00; pigs slow, few strong wel up tp 9.25. ¥ e Sheep—Receipts, 6,000 head; today’s receipts nearly all packers direct; few loads on sale went steady at 13.50213.75; compared with week ago, best fat lamks 40 to 60 cents highe! fat yearlings about 50 cents higher; fat sheep, feeder lambs and medium grade fat lambs most 25 cents up. WHEAT PRICES UPWARD ON FOREIGN GRAIN NEWS CHICAGO, - January - 28.—Upturns here in the price of wheat this week have come about alarming as reflec- ting market changes at Liverpool and Buenos Aires, and because of fears for the safety of the domestic winter crop in Kansas and Oklahoma. Wheat quo- tations here thie morning as com- pared with a week ago were % to 2% net Righer, corn was up a shade to %. oaty %a% to %, and provisions, 2 Considerable attention by wheat traders was given to an opinion from a British authority pointing to pros- pective scarcity of supplies for im- porting countries. This "view was supported to some extent by a reduction of 30,000,000 bushels in final estimates of the Can- adian crop and by a liberal decrease - of the United States visible supply and of the bonded stock of whelplnlgl the United States. foreign advances in wheat prices were at least in part due to fluctuations i+ rates of exchange failed to have any roticeable effect on sentiment here, and toward the week end in particu- lar the market was on the‘upgrade, with renewed reports current that the crop outlook in Kansas and Okla- homa was for much abandoned. acr age, the result of cold and 'draughit: Liberal export buying of cort gaAVE a little firmness' to the corm market and to oats as well. Provisions continued to respond te the smallness of stocks cn hand. WEEK’S COTTON MARKET - l IS WEAK AND UNSETTLED NEW YORK, January 28.—The cot- | ton market has been weak and un- settled during the last week,dvl!xl(h prices making new low ground for the movement at the opening today. May contracts sold at 16.00, the lowest price touched since they advanced to 22.38 early last September and a de- cline of 13.60 per bale from the high price touched at the beginning of this I-mpnth. At this level the market showed evidences of a fir:ner techni- cal position and there were rallies from the lowest on covering. Some trade buying was also reported, as companied by reports of a steadier tone in the southern spot markets and a slightly better business in cot- ton goods. The declines earlier in the week were due to reiterated reports of unfavorable trade conditions- and apprehensions of increased spot liqui- dation with the approach of thre Dl;ntlng‘ season. ccording to private advices a sha break in the Bombay mafket was m:? to the collapse of a bull deal in January contracts there and riots in Egypt were attended by reports of a decline ig the cotton market at Alex- andria. More recent reports from Bombay, however, indicated a rally following the liquidation of the Jan- uary bull pool holdings for the benefit of creditors and an increastd demand |from Japan. These developments in India and Egypt are supposed to have been partly responsible for unfavor- able reports from Manchester and the unsetfled showing of the futures ma: ket at Liverpool. There have also been reports of I bor troubles in New England mills over reduced wages and some talk of 4mill curtailment in the south, but the latter was contingent upon the fallure of business to improve within She next few weeks and so far as known domestic mil¥ consiinption is still pro- ceeding on the recent scale. ‘The census report showing 7,913,971 bales of cotton ginned up to January 16, or only 28,093 for the last period, was regarded as pointing to a crop slightly under the government's esii- mate, but had no material_influence on the market, which was dominated by the unfavorable trade reports. To- ward the end.of the week buyers of cotton goods were reported a little more active and considerable price- fixing for the trade doveloped in the futures market here on the basis of 16: for May and about 15 for Decem- ber. FOREIGN EXCHANGE.' Selling Checks—dollar values at close today: London 4. NEW YORK, January 28.—Foreign exchange firm. Great Britain, demand. 4.24% ; cables, 4.25%; sixty-day bills on' banks, 4.21%. France, demand, 8.19%; cables, 8.20. Italy, demand, 4.46%; cables, 4.47. Beigium, demand, 8534 ; cables, 7.86. Germany, demand, 0. Czechosigvaki; P'fil "«’:‘mx .03. 2, - demand, Argentine, demand, 36.25. Brazil, de- mand, 12.75. Montreal, ?5% 2 | ———— . BAR SILVER QUOTATIONS. . NEW YORK, January ll—d"ou\g\ bar silve: u}c, Mexican dollars, 49 - LONDON, " Jani -Bar lll‘l‘l’. T ¢, SATURDAY, JANUARY: Grain, Produce and Live Stock Assertions that | King | 28, 1922 FINANC MARKETS WAIT TO GET LINE ON* ‘TRADE PROSPECTS FOR SPRING Seldom fiapyens That Second Month of Year Sees Financial World Attempting Fresh Start—Industry Marks Time. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January 27.—The last week in January to the last week in February is commonly known in the business world as the in-between- season period. The markets have exhausted the stimulus of the Janu- ary: reinvestment demand and the easy money conditions regularly oc- curing after the turn of the new year. They are waiting to get a line upon the trade situation as it will be.in the spring, and it is not until well along in February that it is possible to size up the probable volume of spring orders. An invest- ment or a speculative market which has had a considerable rise in the first three weeks of January is in- clined to sag off during this interval of waiting. It very seldom happens that the second month of the year sees Wall " street attempting any fresh start. There is no reason to,believe that this year will be any exception in dbserving this precedent. All that has to be noted is that the January rise in the stock market was alto- gether - moderate, involving very little increase in speculative activity. Consequently, such reaction as is now occurring should be correspond- ingly small. | Bond Market Expansior does not' see how an increase in tax- ation at a time when industry is struggling to its feet reaches out into every section of the community, hit- ting the poor harder than the rich. Effect on Libertys. How the soldier bonus will event- ually affect investment conditions de- pends upon how large a cash sum has to be raised, and no idea of this can be formed until the bill is actually law, and the veterans have a chance to show their preference, as between the form of compensation which offers money and that which offers other forms of property. It is not as yet cleag how largely the government will have to borrow in the market The Secretary of the Treasury has estimated an increase of at least one billion dollars in the national debt, to serve which new taxes will have to be created. If any such bond issue as this were to come upon the market within the next six months or yea it would most certainly have. a de- pressing - effect upon the present liberty bonds; it would probably cause an advance in the interest rate, and in this way would produce a more or less extensive reaction in the entire investment list. ‘While there has been little contri- bution during the week in the shape of trade news, the banking position has continued to gain. The federal reserve ratio, which only a month ago was 71 per cent, now stands at 71%— the highest since April, 1917. Sterling exchange has passed its best figures of either 1921 or.1920; it is back to In the bond market there has been much more of an expansion, and hence there is room for more of a Iretrograde movement than in the case of stocks. With the course of the week, moreover, a new uncertainty has_arisen, which already has made itself felt' in curtailing . investment buying, and which may in the end prove a. still more aisturbing factor. This is the prepbsed soldier bonus legislation, admittcdly certain to pass at_the present session of Congress. With the merits of this question on the moral side the.financial critics do not concern themselves. From the standpoint of the business and finan- cial position of the country it can scarcely be doubted that it is a bad thing. Inasmuch as the great bulk of the taxes are paid by 10 per c of the population, it is easy to under- |Stand where the majority sentiment in favor of this measure is deriveld from. The man in the only that it is not he that is direct- Iy bearing the tax burdens, and he is, therefore, perfectly willing that the other fellow should be assessed for the bonus or any other cause. He BOND AND C Bonds. {Furnished by Redmond & Co.) C. 8. LIBERTY BONDS. OTHER BONDS. ity of Rio de Japelro 85 1946. French Government S5 1945. o 94 t of Switzerland 8s 13 Government of Swi Agri. Chem. 7 {American Agr, Chot; . o ot Atehison, ka ‘A!Ilnflc ‘Coast Line 7s 1930. tlantic Refining Co. 6338 193 {Atias Powder Co. 7T%s 1986, Bethlehem Steel P. M. Dokl AR, In|x. t1.-Ca Capadian Centra: Pacific 4a 1949, Chesapeake and Ohio conv. 4%s hesapeake and Ohlo conv. 5s 1946, b i and 50 Paul refd. 425 L1073 8ths 1936.. 10813 946. * 1008 . 1108 Chi., Mil Chi., Mil. Chica cm. u Erie general lien 4s General Flectric 6s_1940. Goodyear Tire and Rubbe: Grand Trank 7s 1940. Great Northern 7s 1936 . Tllinois Central T4s. 1934 Tnternational Merc. Mar. 6s, ‘Int. Rapid Transit 1st and Kelly-Springtield 8s. 1981 % Louisville and Nashville-78. 1073 Missourl, Kansas and Texas lat 4s, 1900 Missourl’ Pacific general 4r, 197 - ew -York &entral 7s. 1 New York 1085, New.York Telephone Gs, 1841 Norfolk and Western cons ‘entral deb. €s. e Packard Motor C: ‘Fennaylvania S nnsylvania Penmeyivania 75 of 1880, Penuys gen. mortgage 4%s, 1 Reading general 4s. 1007. " Equiy and Sa Seaboard Air ! Seaboand AlL | Southern Fucine Taet. 48, 1o e conv. 5. Eonl:m B n. 48, 1056, Tnited U. 8. Realty a U s . 8. U ¥ Virgini s Union 6%, 1836, Witon"a 'Co. 15t 03, 1941 SHORT-TERM SECURITIES. (Furnished by Redmrond & Co.) American ?l“ 1. Ameicn Thad o & fom " Tobaceo Co. 7a 1023. Amerl Arfour & co Bethlehem Steel e Bteel e Canac Central Argentine 6s, 1927, . 1. & Pacific 6s 1922, N of N. . oo ko A7 £ B2 B o :" g :m Export “ = e Pomexing Co. 7a I BFGoodrich s 1925.. Buf "ol Corp, 78 1923 $7. Helns s 1880, Hocking Valley 6s 103, ‘Humble Kennecott Procts lon Tank Ca v Rate_Matdrity. S G T i S%s March 18, 19222 Mareh ‘Sajes of all grades of sandpaper have shown & eonsiderable incresse in numb:r m"volum.i" Most ‘o;.aa:‘- i e E ; B i i i = street sees! where it was in the fall of 1919. Market Codcerns Future. Since last week’s movement on the stock exchange was inspired so largely by the merger rumors, it is not sur- prising that the market should have been sensitive to reports that ?hele negotiations in the casc of the inde- pendent_steel companies had struck a snag. The fact remains, however, that it is the logical thing to form these combinations in a_business situation like the present, where the outlook is for low commercial prices and narrow profit margins, and this_consideration must in the end prove strong enough to overcome the obstacles. The mar- ket has already had some test of how it can stand up against the 1921 earnings statement: with the ravages which these are stiowing in so many Instances upon the accumulated surpluses of the ast G It will have many more tests of the same kind during the next month or so, but it is to be doubted whether the share list will be more than tempo- rarily disturbed by such exhibits. (Copyright, 1922. MARKETS. Curb. (Furnished by W. B. Hibbs & Co.) —Close.— Bia. Asked. 12! 18% Ities Bervice (old) . | Citien Serv ca pfd. Commonwealth_Finai 23 K 27 sten Alden Con Hen Hoek Of] | Guftey-Gillespie i Pucking - Intercontinental Rubber 10 International Petroleum (new).. Jerame Verde. : Su 23 2% il = ‘Mason Valley.. Merrit Ol1. 11 “'i 19% o 3§ | buy “experimental 81 % 5 bt Skelly OI1_ Bouthern Coal ‘and Iron. Sweets Co. of America. Swift International - L3 ©nlEeme P M & haring 8. Ship Corporation U. 8. Steamship ited Retail Ui .. :g;s Ua .. Lo 5 s Armour Leather com. Armour Leathe 288,522 FRRSR Anglo-Ameriean Oil Co. (new). Borne-Scrymser _ Co. Buckeye Pij Chesel Continestal” Ol Co. Crescent Pipe Ll Cumberland Pl Egrel o 28838 nE:s?!éfig:fi:fiiaia ST. LOUIS BILLION YEAR. ST. . LOUIS, January 27.—Business for 1921 among leading lines was ap- proximately $1,301,748,000, - according to official figures. The largest item was boots and shoes, $144,000,000, with dry second at $120,000,000, and groceries. and kindred lines third at $115,000,000. A report says: ‘Advance spring orders in dry goods, shoe and clothing lines are being fill- ed and many requests for early-ship- ments are. being had. This indicates the shelves of retailers are. sparsely £tocked and recrders are expected to continue through spring months.” YORK BANK STATEMENT. NEW YORK, January 28.—The ac- tusl condition_of’ the; clearing house banks and trust companies for tke that they l;nld uun&g«: .excess of legal rement 160 Gocrease oF, $13,400,030 From last| 1AL, i A STEEL TRADE SEPRRTED ABOUT HOLDING'ITS OWN- NEW YORK, Ja 28.—The vol- ume of new busihess in1ke steel market is not impressive.. Frem the point of vroduction the ‘market ¥ about holding its own, and the trade is very confident thet conditions are shaping themselves for an improvement. . Export sales are larger, with an increased demand, both from Japan and the far east, as well as from South America. Domestic buyers ares holding off, partly on account of un- certainty over freight rates. Pig iron s quiet, and'whiie prices are not much changed, the tone of the mar- Ket is unsettled. = Competition is ke: for new business, especially for orders of more than ordinary dimensions. - - In the copper market no improvement. has been reported during the week. A little business has been put through the export association for shipment to Germany and France. at prices equal to about 14 cents c.if. European ports, Otherwise no revival of export interest has been noted and very few buyers for domestic consumption have been in the market. Competition for the small busi- ness offering has led to price shading by second hands and some of the £mail producers. So far as can be learned, however, the larger interests are not pressing’ for business and_are holding thelr guotations up to the 14-cent level. Tin has been weaker in response to heavy selling by Chinese interests and consequent weakness in London and Singapore. Domestic dealers and oper- ators became buyers on Thursday; but consuming Interests are not in the mar- et. Lead is quiet, with producers pretty well s0ld up to ihe end of February and asking premiums for March and April deliveries, |, For zinc there is very little demand ! from consumers, and, with competition keen, prices are the lowest since last all. Antimony continued easy under scat- tered local pressure. CURB DEALINGS SMALL; CHANGES ARE IRREGULAR NEW YORK, January 28 (Special). —Dealings on the curb exchange were small today and price changes {Irere irregular. Professionals wers in control of the market and they appeared to be concentrating their interest in the low-priced mining shares. Boston & Montana was in heavy supply and reached lowest touched in some time, and a numbex of other mining issues, including Ray Hercules, were materially lower. Magma Copper was fractionally higher, and steadiness was shown in Nipissing and Motherlode. Lincoln Motors sprang into prominence as a result of rather urgent buying or- ders. Eastman Kodak, when issued, was fractionally higher. Business _was light in the oil {shares. A firm tone was displayed in i Cities Service issues, and Standard Oil of Indiana and Imperial Oil of Delaware were steady. Kirby Pe- troleum was dull and unchanged. Bonds were less active, but held generally steady. Columbia Grapho- phone §s moved irregularly over a comparatively wide range. ISTOCK MARKET FOR WEEK 1 IS DULL AND UNCERTAIN NEW YORK. January 28.—Apart from selected issues of the steel, cop- per, equipment, oil and sugar groups, most of which have been mentioned in connection with prospective con- solidations, trading in the stock mar- ket this week was dull and uncertain. A very large portion of the daily dealings centered around half a score of issues, including such favorites ax Gult States Steel, Davison Chemical, and several of thé low-priced motors: and subsidiaries. Rails were hesitant, while not ir- lregull‘ although labor conditions i better earnings and the probability « {a retention of prevailing freight ratc vited mioderate buying of issues. 2 low-grad The money market reflected impend jing demands from agricultural cen {ters, call loans again rising to 6 p. jcent ~ Most of: the week's deman? {funds were placed at 5 per cent . lower, however, with free supply o ‘time funds for commercial paper an ba‘\nk E‘CCQD!IHCGS a Foreign_exc! es comtinued,to o press the fiu’:’n'fi itn‘euo‘g ‘Furopeai politics, but a brisk rise in remit- tances to London and Paris was a companied by reports that the Brit{zh’ and French governments were coming. together on important economic Jues-, tions. —_— {FINANCE AND TRADE NOTES. Purchases of chemical laboratory apparatus have been corfined 10 hos- pitals and government boards’ of health until recently. One of the largest Pittsburgh steel plants now is negotiating for ‘the re-equipment of its laboratory and Detroit autom {bile factories have asked for es mates. Dealers have been able to glass goods ‘and other apparatus in Germany at about half of American costs. The manager of a large general in- surance brokerage business has had better business than he expected this year, although the volume. is smaller. than at this time in 1921. An umbrella_manufacturer has had unusually_good business in women's grades, but purchases of men's models have been restricted. Wom- en's umbrellas have come to be ree garded as much. an .article of cloth- ing as a device to shed rain. \ Wholesalers dealing in cotton blan- kets report that this business ha Dbeen very satisfactory. They believe. manufacturers did well in not insist- ing on an advance in prices. s There is a good demand for dimity bedspreads, although there has been an advance in the price and still an- other advance is_expected. There is not so much sale for crochet spreads, but the satin effects are moving treely. Glass manufacturers look for a tremendous demand for window glass the coming season. Copfirmation of this comes in an increased demand for arsenic and salt cake, largely used in the production of glass. The supply of arsenic is somewhat limit- ed. Japan is the principal source of supply for this commodity. There is a limited supply of cotton linters. A Philadelphia dealer who has been traveling through the south for five weeks found it very difficuit to buy any unless the holder had im- mediate need for cash. Mills are re- ported holding for still higher prices Four-buckle arctics for women:ar having a tremendous sale and houses selling these goods are unable to ob- tain enough to supply the demand. This footwear came into vogue as a fad in & small way a year ago, bu the sale has greatly increased: [ In household brushes, personal ‘brushes and automobie brushes, sales for 1921 showed a big gain over 1920, and the indications -are for ‘a con tinued improvement in this trade, ac cording to the representative of a large manufacturing:plant. A large dealer in linseed oil says that indications point t jinereas: ed consumption this year, : pared with 1921 e ' European demand is_about the same as last year, supplies. of flax will: be rela- 1{ively short. Buying is expected to increase considerably in the near fu- ture, Prices advanced 1 cent a gal- lon Monday. % by Continental Motors' report for the fiscal year ended October 31, 1921, shows a loss of $371,534.40. Profits be- fore deducting interest charges “or allowing . for _a depreciation were $801,874.5/ “The allowances for -in- terest charges were $63 01, and depreciation, $542.049,95. | { MILLS MADE MONEY. - NEW YORK:: > January :27.— Many woolen. mill nnnlenmuvq; have de- clared that last -year's buslriess was taken on no-profit basis. Others claim to have suftered lossés. Aocord- authority, however, there i1l failures 80 during last year.. record is put-forwerd as.a.reagop for. believing that eonditionsw: as. some. am imagined. Anothel p! et hive. beoh Profis..even Lhole mus! ve been: . Ah they might have -been smsller, thAR: usual.