Evening Star Newspaper, December 21, 1922, Page 28

. FINANCIAL. BULLS GAIN UPPER Ada Alaska Ju: Amazing Rise in Mexican |Aiiied chem pr. . 1im “ = Am Agr Chemical. $1% Pete Leads All Stocks in (A% AErGhem ot sva. ’ Adv Am Bank Note pf.. 8% - +Am Brake Shoe n% Today’s Advance Am Beet Sugar... % Am Bosch 0% AmCan..... % BY STUART P. WEST. Am Car & Fay. 1m 1 Dispateh to The Star. T o I:}: 'W YORK, December 21 pera. ‘Am Hide & Leath.. 10% ns for the rise held the upper hand in today's stock market. 1t was the same narrow professional speculation that has been golng on for a fortnight or more, but the maln point was that professional efforts to advance prices encountered no formidable amount of realizing. In this there was further testimonies, even only of a negative sort, of the confldence with which holders of the more representative industrial stocks feel regarding the outlook. Ofl Shares Lead Market. Am Ice < Am International. Am La France. . Am Linseed Am Linseed Am Locomotive. Am Metals Am Safety Rasor.. Am Ship & Com. Am Smelting Am Smelting pf. Am Steel Fdy. Am Sugar. . Am Sugur pf. Am Tel & Teleg. Am Tobacco T eeay of |AM Water Wks... 28 There was very little in the way of |71 Wigre fenSos- a;‘. news to influence the various price movements. Oil shares were the lead- | Am Writing Prpf. 28% ers of the market. but not because of |Am Woolen, ... ments the oil trade |[AmZink & Ldpf.. &1 nny”develon ents in pacel X jeacie y Art Metal Constn.. 1% The best opinion is that the Statis- Ascces Realisn.... 1 tical pesition has so improved that|Asso Dry Goods... &% higher prices for both crude ofl and |Assoclated ofl.... ue Atchion......... 1004 refined products are likely to be seen early in the new ar. But |Atchison pf 1:: Atlanta Bir & Atl. Atlantic Gulf... Atlantic Gulf pf. Atlas Tack. Auto Sales. Baldwin Lo Baldwin Loco p! the more immediate Incentives today were found in a sensational jump in Mexican Petroleum and buving of a very eager sort in Callfornia Petro- leum. Inasmuch as there {s only 10 per cent of the original Mealcan Petroleum now outstanding. it would be an easy matter for speculators |yt Fer To mark the price up almost at will. |Balte & Oblo ... % Hut Wall street was inclined to credit (Barnesdall (A).... rumars of another plece of favorable |Barnesdail (B).... st dlvidend action in the near future, |Barnet Leather... & this time In the shape of a large |Becchnut Packing 4% extra distribution In cas Beth Steel. .. 59 Heavy Short Covering. Bel: Zt:gl'(i!))- : Undoubtedly, speculative element | Both Sthi% ()0 - 88, had in mind the historic precedent of B s a rising market on Christmas eve—a |British Empire precedent which has scarcely ever [Bklyn Edizon 1% been broken. even under the most |BKklynRapid Tran. 18% Bklyn Rap Trctfs 12% Brunswick Term.. 2 Buffalo & Susque. . 11v Burns Bros (A). Burns Bros (B). Bush Term pf... Butte Copper Butte & Superiol Butterick..... Caddo Oil......... ™ California Pcking. 8l% California Petrol. & California Pete pt. 83 Callahan Zinc..... 9 Calumet & Arizona 51 Canadian Pacitic. . 142! adverse conditions. This led to con- siderable short covering. and with the course of the day, the advance, which at first had been confined to only some dozen or so stocks, became falr- iy general throughout the industrial section. Rallway shares as a rule. were rather sluggish. but there were some exceptions. notably Lehigh Val- ley. wheré a special inducement was found in the plan expected soon, for the segregation of the coal properties. Sterling Goes Higher. For the first time in quite a while the stock market provided more in- terest than the commodity markets. Fluctuations In the latter were com- paratively small. The most important occurrence outside the Stock Ex- change was the renewal of the ad- vance in sterling, which was back over half the ground lost during the reaction early in the week. The chief significance in this new forward movement lay in the answer it gave that the run-up of a week ago to 4.69 was largely the work of speculation. Mexican Pete Pursling. Central Leather. Central Leath pt. Case (J 1) pf. Cent RROINJ. Cerro de Fasco. ... 4% 3 Chandler Motor. .. Chesap'ke & Ohlo. Chi & Alton.., Chi & Bast I11. The most remarkable part about [Chi & Kast 11l pi 353 the rise in California Petroleum today |Chi Great Westrn. ¢4 was that it proceeded in the face of (Chi Great W pf ™ all sorts of statements and denlals calculated to have a discouraging Chi Mil & St P. Chi Mil & St P pf.. effact “hi & Northwn.... T Nevertheless, California Petroleum [onj & Northwh pf. 114 kept moving ahead on very heavy |cnipPheumat Tool, &2 trading. It acted as a stock would G\ R & Pacitic,. 3% act in which accumulation was openly |G B 1 ¢ b'ow pf.. 82 going on. The street believed that [S ERabe w:neb:exyt was n{m— ;on:rol‘ :nd had ‘é::;':i?::;:r = set about securing it in the S market. & OPEN | Cluett Peabody... 674 The November results of the Asso- (Coca-Cola ™ ciated Dry Goods Corporation have |Colo Fuel......... 2% Colo & Southern. Columbia Gas. Columbia Graph Cons Clgar. ... Columbia Graphpt § Comp Tabulator.. =% Continental Motors 11% Cons Cigar pf. . 824 Cons Gasof N Y... li6h ConsolGas wi..... Sk been determined, and they are under- 8tood to be very favorable, exceeding by a substantial margin the net In- come of November, 1921. On the basis of the figures for the first eleven months and fair estimates of what December will show, it is calculated that Associated Dry Goods net earn- ings on the common stock after pre- ferred dividends and all charges will be more than $14 a share, as agalnst the present $4 annual dividend rate. This will be the largest vear in the |Con2 Textile...... 114 ion's Cont Can.. 1098 corporation’s history. Corc e 1 Pond Creek Coal Active. Pond Creek Coal resumed its ad- vance and reached a new high price for 1922 on active buying. On Tues- day the street recelved the first in- timation of what was reported to be Corn Products pf. . 121 Cosden & Co. 81 Cosden pf Crucible Steel. Cuban-Am Su| Cuba Cane Sugar.. 14 . 100 an impending sale of the property |€ 3 hen the stock opened up 4 points, |Cuba Cane SpL.... B4 The following day there was some |Davidson Chem... Sla profit taking and comparatively less |De Beers... 23% interest was shown. But today Pond |Del & Hudson..... 116} Creek was a feature of the market. Directors of Pond Creek met recently, but save for optimistic reference to the company's affairs gave no definite information about any deal. How- ever, certain people in the Strect have belleved all along that $35 a share would be the price Pond Creek would ask for its stock in any outright purchases. Royal Dutch Also Stromg. Royal Dutch advanced today on the announcement that the company had Del Lack & Wstn. 130 “a% Emerson-. P Endicott-Johnson. Erfe. Famous Players... 9 Fed Mines & Spf.. &% just brought in a 650,000-barrel weli [Fisher Body... 8k on the "Santa Barbara tract in|Fisher BofOpf... 9% Venezuela. General Asphalt common | Fisk Rubber. . 12% moved ahead, with Royal Dutch on|greeport Texas... 1Th the news, although the lattet com- |Gen Am Tank Car. 68 pany s not interested in the new well. [Gen Asphalt...... 4% General Arphalt recently turned over |Ger Aaphalt pf.... T8% its Interests of approximately 28 per |Gen fIT i e cent _of the Burlington Investment |GeR Elettr O 106 Company to Royal Dutch for royalties |Gen CE27 To0 (- By in certain other properties, Lehixh Leads Rails. Gen Motor: ien Mot 6% 8. Railway shares, neglected at the start, | Gimbel Bros. . ... 4% Gimb were taken up in the afternoon under |Giidden. [ the lead of Lehigh Valley, Reading and | Golawin Corp.ee. b Southern Pacific. In the case of the |Goiy'g Davis 12% first two, the remodeled plans for seg- |Sray Z oS B Ue g regating the coal properties are due at |Greatorthern pf- T8 any time now and the idea that there [Great NorOre..... wiil be favorable from a mcrket stand- [Greene-Cananea.. 21 point was back of the buylng. Tho rice | Gulf States Steel.. 78 n_Southern Pacific followed the ju lication of the November earninks show- | Harbishaw Cable.. 1% Hartman Corp. Houston O11. Hudson Motors. Hydraulic Stee! 1llinois Central Indiahoma... *Ingersol-Rand... 104% Inspiration. ... wh Interboro Metro... % Interborough wi.. 18 Interboro,Metpf.. % Intl Cement....... Intl Combustion E 28 Intl & Gt Northern % ing an increase of $2,277,000 over tke month last year.' On’ the other hand, the comparison with October Is not so favorable. - Among the industrials the early gains were fairly well sustained, al- though in the last hour there was a good deal of scattered realizing from the professional following. The tobac- Cos as a group were onsplcaously strong, especially Retail Stores und To. bacco lucts, which were' responding to the disclosure that earnings for the present year will break all records. giinat —_— Intl Harves: 2 DIVIDENDS. Intl Harves L 1% . Stockof ray. |1ntiMer Mar' 0%, Tecord. apie. |Intl Mer Marine pt ¢ Bhipbuliding Co. Intl Nickel........ 13% . = Intl Nickel pf..... 6% Intl Paper. 0% Intl Paper (sta)... 7% Iron Product . . 1sland Of1 N Invincible Ofl..... 1% 2% 100% 2% 1% .8 Kansas & GulfCo. 3 Kayser (Julius)... &4 Kelly-Spring Tire. 4 Kelly-8pring 8% p(. 100 10 i % + 4., 2% com......Jan. 16 [y Title Gearantee Trust, q.. 3%. Dec. 22 2 Transue & Williams Sieei F % 1ng Co. 80c. United wt 18 [} Mack T ka ':L/. ack Truck. Feb. 15 | prackay Cos DE.... €83 Feb. 3 |Mallison & Co. W% Magma Copper. 3% Jan. 1|Manati Sugar..... & Jan, 3 |Manhat ElecSup.. ® 4% sezyggiafzegg.afsag.rygly n% 1% B “-% koY Uh 19% 108 0% % 5 1% au 4 100 10 % ™ L] % 1% 11% 1 0% m [ ox » n% o L ] . 6% [Natl Biscui NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office - 3 Open. High. Low. Close. 13 |Manhattan Elctfs. 0 - # & 4 0 [Manhattan Shirt.. «% % % «% 11% |Market St Ry. 8% 1% | M: t St prior... €8 71% | Marland Oi! . 2% 111% [Martin-Parry..... 28% 45 [Mathison Alkill... Pes% 2% |Maxwell (B)..,... 15 8 Mclntyre Porcu=.. 18 8% [Mexican Pete. .... 262 71% [Mexican Pete pf.. . 103 87 |Mexican Seaboard. 18% 41% [Mexican Sbd ctfs.. 18% T | Middle States Oll.. 1% 181 |Midvale Steel..... 21 6% |Minn & StL (n)... & 18 |MinnStP&SSM. 6 11 |Mo Kan & Texas.. 1% 111% (Mo Pacific. . .18 1% Mo Pacific pt. . e 11% (Montana Power... 6% 32 |Montgomery Ward 2% 2% | Moon Motors. .. » 126% | Mother Lode Clt 80 |Natl Acme. f. pf. 20 | Natl Biscult wi. 6% | Natl Condutt. .. 9 |Natl Enameling 37% |Nat] Lead. ... 76% Natl Ry of M 2d. 101% |Nevada Copper... 16% % 122% |New Or Tex & Mex 84% 8 8% 184% | N Y & Harlem Ry.. 188 165 183 2% |N Y Air Brake (A) 484 48% &% 49% [N Y Central....... 8% 84 83 2% |NYChi&StL.... 81% &2% 8% %% [N Y Dock... . 28% Y 23l 51% [N YNH& Hartfd. 20% 21% 20% ©%|NYO& Western.. 20 20 20 16% N Y Shipbuilding.. 14 14 14 1 |Norfolk & Western 111 111% 111 &% |Norfolk Southern. 4 14 14 120% |North American... 2% 8% %% 101 [North American pf #% &% #% 91% |Northern Pacific.. W 7 73% 1% |Oklahoma Prod... 1% 1% 1% 21% |Orpheum Circult.. 1% 17% 175 Otis Elevator. 6% 160% 146 Otis Steel. o s % Otls Steel pf. BT Owens Bottle..... 3 8 3 Pacif> Develop... % % % % |Pacific Gas & EI... 8% 8% 86 30% |Pacific O1l. . “ sy oM 184 | Packard Moto; WH 108 10% & |Packard Motorspf. 2 % % 8 |Pan-Amer Pete... 92% %% 9% % [Pan-Am Pete (B). 8% 8 8% 3% |Panhandle P& R.. S 4 W % |Penn Seabd Steel.. 3% 3% 3% 4% |Pennsylvania. . 5 46 45 9 |Pere Marquette. 3% 6% 11 [Philadelphia Co... 0% 0% 0% 15 |Philltps Pete LA B & 12% | Plerce-Arrow. L L% 13 24 |Pierce-Arrow pf.. S 33 3% 15 |Plerce Ol pf. . s Bh I 4% |Plggly-Wiggly... Blw Bl 5L « |PittsCoal. .. Bs 60w B8 9% [Pitts & W Va..... 3% Huhw 3% wis |Pitts Steel pf. .8 E 93 3it [Pond Creek Coal.. 21%a 3la 27% 18 |Postum Cereal . 2 Pressed Steel C: T4 |Pressed Stl Car pf. 9% wls 9% 8}y [Producers & ef.. Al & 4l 6ot | Public Servof N J. si% w2 9w s3 |Public Service pf.. 105 106% 106 v% | Pullman Co. L LY 1Sl 129% 515 [ Punta Alegro. 5 ok dok M4 |(PureOll.... W an Ow % 2% |Railway Steel Spr. 114 6% | Ruy Con Copper... 4% ibYs | Reading. . ... seees Tom 26 |Reading Istpf.... & #% [ Reading 2d pt B4 €:% | els Robert. 1 (Remington Typr.. si 24 | Keplogle Steel. 8% 28 |Rep Iron & Steel.. &% & |keplron & Stpf.. sk b 4% |Reynolds Springs. sk % 2% 8% | Keynolds Tob (B). 4in & &% :2 |Royal Dutch. Sty Gk bula W% 15LL & San Fran... 2% % W 9% [St Louts Southwn. 29 2 29 1% (St Louis Sown pf.. 66is bo% b6 52 |Saxon Motors..... Iy 31% | Sears Roebuck. 81 Sears Roebuck pf. 107 Seneca Copper.... ' % % *a % % |Shell Trad & Tran. 3% 7% |Shell Union pf . 9 i |Stnclalr Oil....... 8i% 8 [Sinclair pf. 100 2% |Skelly Uil . . o 1% [Jouthern Pacific.. #1 2 |Southern Raliway 2% i B3% %% |Southern Ry pf... b oor 66 o5 9 |Spicer Mig Co k. 204 20 20 12% | Standard Millin, 127 L9 127 129 114 | Stand Vil of lu% e 1 Y% | Stand Ol of N J 191 14 91% 1w% 6% | Stand Oilof N J s 39 Sure 39 8 IStand Ollof NJ pf 1l6n 1l6% 116 1ok Steel & Tube pf... #3% &4 8% M 1| S ieriing Prod..... wh wh 6 Wh 1004 | Sicwart-Warner.. odba 5% 64k (5 L% | Siromberg Carb. .. 6% 66h 3 ekl 121 jtudebaker-. .. 1% 1k 18 Lt 6% | Submarine Boat... 6a 6m 6h 6% 1™ o S 13% 10% 4% .xus Gulf Sulphur 6% 9% Texas & Pacific... wna 0% 116% | rexus & P C & Ofl. 0% iy Third Avenue 16% 16% Tide Water Oil. 1y e & | Timken Bearing.. &% 2% Tobacco Prod..... B 6% Tobacco Prod A... 2% Wt Sk TransContlOil... 1K LK Izh 1% 2% | fwinCity RTran. 6L a6 6% WK | ynjon OM. ... . 1% 1% 4% | ypjon Pacific. 1% 1% | Cujon Pacific pt 6 % |Cnion Tank Car. 181 Y4 | Cnion Tank Cr pt. 103 2U% | njted Frult. 1603 United Ry Inv 1 1% | ynited Retmil 2% U 3 Cast Ir Pipe ) USCastIrPpf... &% 4% |5 S Food Prod. . . .. +h 81% | 5 Indus Alcohol. 6% 182 |y 3 Realty L BT ol ek 6% 106 | yS Rubber. DG B EW 8 1% 5 Kubber 1stpf. 5% 96 % 9% S S & Ref... 8 38 6% 36 ..106% 106% 106% 10u% Utah Copper 6 o4 o3 64 Utah Securitle: 16% 16% 16% 16% Vanadium Corp. £l 85 3 7% | Van Raalte. .. % 6% 64 6% 3l |ya-CarChemicalpf o2 & h wha 2 | valron Coal & 53% 63% 63m 3 Vivadou....... u s M Pt ‘Wabash.. 8% 9 % 9 oF Wabash pf (A).... 2B mh 2k B 8% V"lllmth'l)x (B). 16 B 16 n 2% Western Elec pf.. 12% 1121 1R2% 112% WesternMd...... 11 12 10% 12 e | Western Ma2d... 2 2 P Western l’acific Western Pac pt 1% | \estern Union. e ‘Westhse Air Brke. 111 118% 111 113% 1% Westhse Eles & M. 8% & 9% 69% Wheeling & LIS .. L) 9 9 9 s | White EagleOfl... &4 34 mK. 2% \White Motor. s 8% e % White Oil..... 3% W 3 8K M| Wickwire Spencer 1% 1% 1% 1 0% | willys-Overland.. % &% 6% 6% Willys-Overiand pf &' €% % Q% on |Wisconsin Central 6% % % k4 Woolworth....... 2l1% 2l% 211% 211% 2% | Worthington Pmp. 84 2K sk &k oo |Wright Aero...... 9 a9 9h | *0dd lot. % . High. Low. Last. % Call Money. s u% HOURLY SALES OF STOCKS. 1% |11em..... 28280 12m....... 4260 108 1p.m. 624600 2p.m..... 733 40 = 5 PARIS PRICES FIRM. 1%| PARIS, December 21.—Prices were 4% |firm on the bourse today. Thrée per 43% cent rentes, 69 francs 5 centimes. 100 | Exchange on London, 62 francs 25 1123 | centimes. s7| Five per cent loan, 76 francs 50 7% | centimes. % | The dollar was quoted at 13 francs 9% | 60 centimes. 19% x:“ Too Up-to-Date. €03 | Prom the Boston Transcript. m “See here,” sald the angry cus- % | tomer, “when I order poultry from 3 | You again, don’t send me any more of 2¢% | those airplane chickens. 1% | What ‘kind of chickens do you - m"‘l“;; .:(rlflfl that 1 d A e kin are wings an ® ! machinery and mo' meat, = BRIER HILL BONDS FEATURE MARKET Proposed 'Merger Causes Good Advance—Libertys in Slight Gains. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 21.—A sharp advance in Brier Hill Steel 6%s was the feature of the bond market to- day. Brier Hill bonds were offered at par about the first of October. They sold down as low as 91 after the dissolu- tion “of the syndicate. Today under very active dealings at one time they advanced two points to 97. Directors of the Brier Hill Company Wednes- day approved the sale of the com- pany to the Youngstown Sheet and Tube Company and this merger was glven as the explanation for the ac- tivity In the bonds. Attention was also called to the fact that the bond is_callable on_thirty days' notice at 1.05. It s dificult to see what ad vantage would be gained by retiring the issue at this price. however. Foreign bonds displayed more activ. ity today than for some time pa French §5 had an advanceda part of which they subsequently lost. A good deal of interest was manifesthd in the semi-official denial that France contemiplated any new financlal move in_this market. Liberty bonds advanced from 2 to 6 and in the railroad group St. Paul and Frisco {ssues made partial re- coverles from their recent lows. $10,000,000 BANK Dy the Ausociated Press. PHILADELPHIA, December 21.—A $10,000,000 bank merger was an- nounced today when the directors of the Bank of North America and of the Commercfal Trust Company met separately and approved a plan to consolidate under the name of the Bank of North America and Trust Company. The capital and surplus of the merged banks will be §10,000,000. The Bank of North America is the oldest in America, having been founded In 1781 by Robert Morris as one of the results of financing the American revolution. By act of Con- gress It Is said to be the only na- tional bank in the United States oper- ating without the word “national in Ita title. The new institution wiil operate ur.- der the charter of the trust company. John H. Mason, president of the trust company, will' become chairman of the board and E. Pusey Passmore, president of the national bank and forMer governor of the Philadelphfa Federal Reserve Bank. will be presi- dent of the new concern. _— FOREIGN EXCHANGE. London, Montreal, Par's, frane.. Rrussels, franc. Rerlin, mark. By the Assoctated Press. NEW YORK, December 2 exchange firm. Great Britain, demand, 4.64%; cables, 4.64%. Sixty-day bills on banks, 4.61% France, demand. .0743; cables, .0744. Italy, demand, .0508%; cables, .0809. Belgium, de- mand. .0682% cables, .0683. Germany, demand, .000158; cables, .000159. Hol- land, demand, .398 ables, .3986. Nor- way, demand, .1901. Sweden. demand, 693. Denmark, demand, .2067. Switserland, demand, .1894. Spain, de- mand, .-574. Greece, demand, .0125. Poland, demand, .000056. slovakia, demand, .0297. Argentine, demand, .3806. Brazll, demand, -1200. | Montreal,”.99 3-16. e OFFERS BRIDGE TRACK PLAN TO AVOID JAM Suggestions as to the laying out of tracks upon the Georgetown bridge have been made to the Secretary of War by R. S. Roberts of Hatfleld, Va. Mr. Roberts makes two main recom- mendatio He asks, first, that the car tracks of the Capital Traction Company, where they cross the most southerly pier, shall enter upon an inclined roadway that will bring them up by the time they reach the place designated for them to loop, or at least by the time they reach Hume avenue, Ro: Va., that the vehicular traffic may pass under their tracks; then they should have at least four (4) tracks Iln the loop proper (as at the New York end of the Brooklyn bridge), 8o that the cars routed to different places in the city of Washington could have indlvidual loading places. “This will avold much congestion and confusion and facilitate speedy i movement of cars.” Mr. Roberts said. | “Then by elevated and covered p. ageways the passengers can Cross east to the Washington-Virginia rail- way station and west to the Wash- ington and-Old Dominion railway sta- tion. and descend to the loading plat- forms without any danger from nor interference with the street traffic, ! making the capacity of the bridge greater and eliminate danger.” He also asks that the west-bound { vehicular roadway be divided a sum- clent distance up the bridge, to allow the proper grades and the traffic bound for the Lee highway turn to the right at the division point and bear off to the north in a gradual curve across the northerly portion of the government reservation and thus ease into the existing Lee highway, eliminating the sharp (right-angle) curve as now Iald out. Then the traf- fic bound due south to continue upon an elevated roadway far enough to allow the Washington-bound traffic over the Lee highway to pass under and then to lower down to the street grades. This will eliminate all inter- ference between traffic bound in dif- |ferent directions,” Mr. Roberts j claimed. BROKERS MAY RESUME. Houston, Fible & Co. Anxious for Customers’ Sanction. KANSAS CITY, Mo., December 21.— Plans for the resumption of business by Houston, Fible Co., brokerage firm, which falled Monday, were dis- cussed at_a conference here of the partners, W. R. Houston and W. H. Fible, the receiver, Thomas H. Rey- nolds, and several larger customers. Mr. Houston announced that he wished to continue the business, if customers of the firm also desired it. Unless_suspension by the New York Stock Exchange appeared to them to be a greater blow than it seemed to him, . Houston asserted, the firm will continue. Mr. Reynolds declared that prelimi- l\lr{ discussion of the firm's affairs with some of the largest customers indicated that the company was sol- vent and in a fair way to settle its difficulties ‘with the New York Stock Exchange, pay 100 per cent on the dollar and continue in business. GTON; D MEREER ANNOUNCED Czecho-. . © THURSDAY, DECEMBER 21, 1022 [ev vors BONDS 7oz vt ) s &0y ~. . Recsived by Private Wirs Direct to The Star Ofilce. UNITED STATES BONDS. RAILROADS. (82,000). Wigh. Low. Close. 0 K BN % Eiers 1ot o PE e rty 1at oo s - Liberty 344%s. 323 s 16 %28 [Bal&Ohloprin3ife 9 ®m% 8K My Liberty 34 4%e. 514 %88 %00 982 B Liberty 4th m me we 0O (€SI L Victory 4%s°33 % 10038 10082 10082 ) e USEKs1062... 634 996 9986 99 QBT st BAOPLE&A WVads. § % TK T4 FOREIGN GOVERNMENT, STATE s 9% oy N% AND MUNICIPAL. SRS n ey nnow s "3l ctistazs 3 2 (61,000). High. Low. Cioss. | Busy Argentine 7s I8 loows o0 100tk = S R 6 101% 101% 101% | Canadian North 3e. 6 11% Il% 111% P s 6% | Canadian North7s... 3 1% 117k 112% 22 101 10% 101 | Canadian Pac ded ™ oW ™% 23 93% 9% 3% | Car Clinch & Ohio 6 2 =n 2 m4 7 T |Central Pacific4 so% 5% 9 8 6% 85% |Ches & Ohloev u% W% 18 ss% 98% 8% |Ches& Ohlocvitie.. 8 0y » 2 %% fe 9% |Ches&Ohlogendths 3 ®% mU 8% 11 9% 0% 9% |Chi&Alton3siM9... ¢ 8% 62% 6% Canada 548 1929..... 20 b =) Canada s 1981....... & e - Canada Bs 1952 128 100% 100% Chile 8s 1926 12 101% 101% 101% |Chi& EastNigensn. 13 ® 79% 8 Chile 8s 1341 .. 3 103 107% 103 |ChiGreat Westernds 13 82 51 62 6103 103 163 |CRIM&StPretdls 13 5% &8 68% 2 61 51 61 (ChIM&StPcvbs... 51 &% €% 664 H ChiM & 8t @ T WK 1% 3 ChiM & 8t 5 ay a a 5 i M & St 3 1 % : M: 3 & T ™ t 6 & @ | Duteh Eant Ind 6263 7 110 10 10 o 3 W % 18 s B 15 1 %% 0% 6 a% 81 61%|Chl&Windcondn.. 19 7 %% A i CCCABtLref6sA. 16 10% l01% 101% Lyons 6s.... 8 7 % 7 |Cleveland Term 8%s. 1 103% 108Y% 103% Marzellles 6s. 9 78% 8% 78% | Colo & Snuthern 4% 12 85% B6M BeY Mexico B, Cuba RRSs..:...... 3 8% (2% 2% Del & Hudson 6%m... § 101 100% 101 Den & RioG con dw.. 1 ‘M ‘T 1% Den & RGstretbn. 10 &% 4% 5% Detrolt United 434s.. § m% R4 mY4% Erle con ext 7 2 103% 103% 103% nos% B0 18 e% a% aw Oneensland 4 2% 2% a% Rio do Jan 8 1% g% o% Rio de Jan s Ls W) 18 104% 103% 104% Rio Grande Do Sul fis 14 LIRS 8% S Sao Paulo, Cityof. 85 3 8% 9% cay | GreatNorthger Ta.. 14 110% 1104 110w Rne Panleintiog = Sreat North gen B%s 3 102% 102 1024 elne, Dept ot 1 Havana ERLA&PEr 3 8% 2% 8% e Hudeon & ManrefBs 13 8% 84 8% SQweden 6s....... Hudeon & Manadjless 61% 61% 61% Sl CortaaL T ITI Central ref 4s. % Td Kingdom E% s ‘#9.100 1181 113 1134 | Il Central Sys. » 1'd Kingdom 5%8 °87 149 106% 104% 1044 Inter-M4%sctfsata. 91 10 % 9 DrukLe TSR 194e Inter Rap Transitb. 24 T4 7% 1% | Zorieh Inter R Transitsaet % Nk nter R Tra MISCELLANEOUS. Int & Gr Nor ‘4}' ot ot AmAgriChemBs.... 6 % @4 9 |Int& Gr Norbsct, % ek Am Agri Chem 7. 10 102% 102% 102% | Towa Central ref 4 Ed 7 AmAmelt £R1stSs. 11 = % ™ |KansasClty Ft s Y Y Am Rugar Ref6s.....10 102% 1024 102% | Kan Cty Bou 3s 1950. 6 % 8% Am Tel & Telcv6s.. ¢ 116% 116% 116% [ Kansas City Soubs.. 3 89% #9% 89% AMmT& Tcltrbs.... 31 8% %% © Kansas City Term ds 10 2% 02% £2% Am T & T el tr ds. 15 92 9N% 91% | Lake Rhore 4s 1928... 11 %% %44 24% Anton Jerzens 6s. 2 n nY% 3 Lake Shore ¢s 1931 2% :!% 2% : |=:: " o {:hi‘h Val en 8% 814 BIU oA’ bl 11 et e 5 106% 1om 1w | Louls & N unifiea 0% W% 0% th'em Kteelnf6n.. 19 8% o3y @i | Mich Centraldebds..10 01k 9% 14 Brier HIN Bt Int5%9313 97 % ¢7 |MIEIRy&List % l!';: "7“ Rilvn PAlson 7a D... 2 $ 31 3% 6% Bkivn Edizon gen 1 © 105% 100 106k Bush Tm Bldg5s'60. 3 1 ™% T T Can Gen Elec deb és. 3 5 o o s 3 1% sk 5 39 A% aan z 1::;‘ A 17 8% acifie gen 2 Con Coal MA 1st rf6n 21 88% 8 s Montreal 'l':‘m ']‘ l?:: m CubaCaneRcdedbfs 1 8 9% 9% |NassauERy4s1957. 8 69 &9 gh:rhAm Sugar 6 107 107 1 New Orleans Term4s 2 M4 7% 76% | m(;‘;fllmn ref 8 2 103% 103% 10%% |[NO Tex & MexincSe 1 79 kd kil i nt de Nem 7%n 21 107% 107% 105% | N Y Central deb 6; 5 -1 103% 104 Duquesne Light s... 10 104 103% 10% |NY Centraldebds 3 3 1% 91% 91% s NYCentrefimpBs..162 914 ™MW % New Havencvdeh€s 11 7% 6% &% New HavendebdsS7 7 €1 ®© & NYWest & Bos 4%8.1 % 6 ¢ 7 Norfolk & West cv n: u2% 118 : ::orntgem ;.:::: 3. (3 % e1% Northern Pa: .. 13 B6% 8% 6 Goodrich (B P) North Pacref imp6s. 9 100 108% 18% Goodyear Tire 8 28 Northern Pacific §s.. 19 99% 8% 99 Goodyear Tire 8: ‘ Ore & Calif 1st Gs, 1 9% % 9% s Ore Short L ref n e ::I'I:'v:‘d Amernfs. 2 894 FAK FE4 | Ore-Wash 1st ref és, .1: % MY 2& T ‘s"’:'dh‘ :l:: 2l % 7% R | Paris-Lyons-Med6s. 3 7% 7% 2% A L] & ® 9 2 |pennsylvania genBs. 11 101% 101 101 ana Steel 8s. . 4 101% 1% 101% | penn gen 4%s. Tnter Mer Marine@s. 29 0 8% 89% | Pennsylvania § ) Inter Paper 1nt 8= B. 15 #7% 87 &7 Pennsylvania gol Julius Kaysersf7s.. 3 105 104% 104% Reading gen 4 Kelly-Springfield 8s.. 3 107% 107% 1% | Rio G West 1st Lackawanna St 58°56 2 8% 2% | RTArk & L 4% Liggett & Myers 1s W U nme 3 Liggett & Myers 6a 8 5 % |StLIM&Ss'2...9 Magma Copper cv 7 16 116 16 |StL&SFprindsA. 21 &% Manati Sugaraf 7 Mexican Petrol 8 . Mich State Tel 18t 58. Midvale Steel Ss. | Montana Power 5s. Morris & Co 1st 4% New England Tel 5x. 38 New York Ed 1st 6% § NYGELH&PSa.. 10 New York Tel6s'41.. 14 New York Tel 4 s, Niagara Falls Pow és ¢ North Am Edison a. 12 No Ohlo Tr & L ref 6s 11 North States Pow S». Northwest Bell Tel 78 Otis Steel 8s..... Pacific Gar & ElBs... Pac Tel & Tel bs... Pac Tel & lel 8s '63. canuBunla Public Service §s. Sinclair Ofl 7s. 101 10 Sin Crude Oll 8% 8% v:“ lfi::: 8 8% 89 Sinclair Pipe Line 6s. 4§ 1 U S Realty 8s........ 1 U 8 Rubber 1st ref §s 21 - 1 .10 Utah Power & Lt Sa.. 8 Va-Car Chemical 7s.. ¢ Va-Car Chem T%sw. 9 ‘Warner Sugar 7 Western Union 26 N% 103% 109% 100% 103% 91 103% 109% 100% 103% SHORT-TERM SECURITIES, (Quotatioas foraished by Redmond & Co.) —Nooa.— - Bid. Offer. Aluminum Co. of Amer. 7s 1925. 108 103 . of Amer. Ts 1983. 1037 106: s doet o B 10 r ‘Ameriean Tel. & Tel. € i 104 101% American Tel. 6s 1923, 929. Westera W:tln‘mn E. &M ~ ‘WOOL TRADING QUIET. ‘BOSTON,, Mass., December 21 (Spe- oial).—Trading in raw wool in this market today was oonfined to filling in orders over the holiday, which will extend from Friday night to Tuesday morni market is dormant, but re expect it to awake at any moment after the turn of the year. The miNs indicated today that they expeot an exoellent heavy-weight season, and their raw wool require- ments for the early period of 1923 are by no means filled. an hour—the at Detrolt—: a subcommittee was appointed to act 033 | with representatives of'the Army and Navy air services to select the course 9 102: 108 (] 100; 3 5t PAKCSh IA%a ¢ 3 Seaboard A L adj 8s. 19 Seaboard A L con Southera Ry 1st Bouthern Ry gen 4s. & Southern Ry dev 640 10 Third Aveads Bs..... 01 ®Y% n% 103% [ i % 8% 2% 2 2 Value): 320000 12 noon... 4711000 6998000 2p.m.... 772100 RULES FOR NEXT AIR MEET ARE ADOPTED % Rules and regulations for the next national sero meet, including one to exclude planes with a speed less than 175 miles per hour and to extend the distance for turning while In race, were adopted yesterday at a special meeting of the contest committee of the National Aeronautic Association of the United States of America. A maximum landing }mit of 75 miles am in the 1922 races 50 was decided upon and over water, if possible. Distance Is Fixed. The distance and pylon arrangement of the course were fixed at a total gth of 200 kilometers, with four laps around a 50-kilometer equllateral triangle, using two pylons at the turns instead of one, to assure a wide turn. A single basis for the minimum factor of safety for monopianes and biplanes—seven and one-half—also was determined upon and the commit- tee decided that contestants must re- tain their landing gears after taking the air. 3 3 Prize money, it was announced, will not be offered for events in which only military and naval service planes can compete, as in the Pulitzer race, and at least two events will be ar- ranged in which only civillan fiyers It was suggested that certain sums be appropriated for the entertainment of government service pilots- and to assist them In defray- ing their expenses. Adopt Deudle Pyien. Theé double pylon turn was decided upon after Commander Jerome Hun- saker .of the Na— bureau of aero- nautics informed the committee that will enter. e in England had established th; the human system could not with- stand the strain of a turn in which the centrifugal force was greater than four times that of gravity be- cause the heart action was insuff- clent to force the blood to the brain when such grest force was experi- enced. It was felt that the danger line had been approached with a turn of 90 fl.rrm at a speed of approxi- mately 200 miles an hour, causing & ‘cenitrifigal * forée ‘of approx three times gravity. Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Dealers have not been advised that any unusually large shipments of tur- keys are on their way to this city to overstock the Christmas market Fairly liberal supplies have been re- celved, however, and chofcest stock is expected to bring not more than 58 cents a pound, There has been a Gecrease in re- celpts of chickens and ducks, raisers probably holding back their supplies for the New Year market, when there 18 not a great demand for turkeys and when chickens are in demand. The meat market continues draggy. Butter and eggs_continue high, with small receipts, while receipts of frults and vegetables are more than enough to supply demands. = trictly fresh, selected, can- per dozen, 55; average receipts. § '0;":&:%0:«;.‘ Cold wtorage esw, 303 ry—] . per ke o Per, 1b.. 40a4 S oring Shicken Yopie. each: ; Keats, youns, each. : ressed poultry— -killed _spring chickens, por It Zraer hens, per b, 25a26; roosters, per Ib., 18; turkeys, per Ib., 48a52; keats, young. . 70a80. Live stock—Calves, choice, per 1b. 12%: medium. per ib., 13: thin, Der Ib. 625, Lambs, choice, per Ib. 13: x't;’.np 83, 3.00a8.00 each; live hogs, per Green frusts—, bbl., 1758 50:" Der bushein pesker; nearby. 158 No, 1, per bbl., §.00a7.50. oranges, per crate, 5.0016.00; .00a7.00. 4.00a5.00. bemonl.’s p-;_.:::. "'{f’-'t»ion’.ro'o?m""‘ .0003.76. “Eetables—Potat bbl, Ne. 1 1502200, per sacic 3.00a2,25: Ne. 2. §021.00. ' Sweet potatoes. North Care- 521.50; nearby, 180a2.25. Let- 00a2.28. Ro- :lnl. 7 uce, per crate, southern, 1. . maine lettuce, per crate, 50a1.25; Icebers lettuce, per crate, 5.25a5.75. Cabbaxe. northern, 1.75a2.00 per 10Q Ibs.; near! cabbage, bbl., 1.50a2.00. Egz- per_ box. a, .0024.50 per basket. basket. Peppers, 2.50a4.00. Kale. = per Spinach, per bbl., 3.00a3.50. Celery, dozen, 50a1.00; California, per crate, 6.0 0. California grapes, per crate, 1.50a GRAIN AND PROVISIONS. BALTIMORE, Md. December 21 (Speclal).—Potatoes, white 100 Ibs.. 60a1.25 90a2.15; sweets, bbl. 1.00a1.75; 50265; basket, 25a35. beans, bu., 3.00a4.00; beets, 100, 4.00a 6.00; brocoll, b 30a35; brussels sprouts, qt., 18a25; cabbage, ton, 23.00 226.00; savoy, bu., 50a75; carrots, 100, 4.0025.00; caulifiower, bbl., 3.00a6.00; celery, 100, 5.00a7.00; cucumbers, crate, 5.00a8.00; eggplants, crate, 4.00a6.00; horseradish, bu., 2.50a3.50; kale, bu., 30a35; lettuce, bbl., 1.50a2.50; onlons, 100 lbs., 1.50a2.75; oysterplants, 100, 5.00a7.00; parsnips, 1.00a1.10; peas, bu., 4.00a6.00: peppers, crate, 3.0024.00; pumpkins, 100, 10.00220.00; spinach, bu., 75a80; squash, crate. 3.0024.00; to- matoes, crate, 4.00a7.00; turnips, bu., 50360, Apples packed bbl. 2.00a5.00: bu., 50a1.50; loose, bu., 50a75; basket. 25a 40; cranberries, bbl.. 11.00a15.00; grapefruit. box. 2.25a3.50; oranges, box, 3.50a4.25: pineapples, crate, 4.00 a7.00; strawberries, qt., 75a80; tan- gerines, strap, 4.50a6.00. Selling Prices at Noon. Wheat—No. 1 red winter, spot, no 2 red winter, spot. 3 red winter, spot, no quo- 0. 2 red winter, garlicky, No. 3 red winter, garlicky, no quotations: December, no bid. Sales—None. Corn—Cob corn. new, 3.95a4.00 per barrel; contract, spot, 84 per bushel: No. 2 corn, spot, 851: No. 4, no quotations; track corn, yellow, Ne. 2, old to better, 87 per bushel. Sales—Bag lots of white at wharf bu. at 80. |” Oats—White, No. 2, 55 per bushel aske: 3.5 o . 3, 54 , Rye x earby, 85295 per bushel; No. 2 western export, spot. 1.01 bushel: No. 3, no qun‘l):llonl. i Hay—No receipts; market for top grade of timothy and light clover mixed, 16.00a20.00 per ton, and good mixed, 16.00217.50. Straw—No. 1 tangled o for, 15.00: 16.00; Ne. 1 wheat, 10.00a11.00; N H oat, nominal, 12.00a12.50. TODAY’S CHICAGO PRICES. CHICAGO. December 21.— Wheat turned downward in price today dur- ing the early dealings, after a little show of strength at the start. Con- tinuation of yesterday's selling on the part of holders acted as the principal bearish influence. Initial upturns were ascribed to firmness of Liver- pool quotations, despite setbacks in price on this side of the Atlantic. The opening here, which ranged from % decline to % advance, with May 1.241 to 1.24% and July 1.13% to 1.14, was followed by slight gains and then by a setback all around to below yester- day’s finish. Liberal receipts of corn here tended to pull down prices of corn and oats. After opening % to % higher, May 73% to 73%, the corn market under- went a material sag. Oats started % off to a like advance. May 45% to 46. and later showed loss for all deliveries. Provisions lacked support. Poultry, alive, lower; fowls, 13a18% springs, 17; roosters, 13; turkeys, 35 geese, 20. Open. L5 U124y D 1isy High. 120% 125 ),ut 44Y 48 43 10.42 10.67 10.30 1037 DAIRY MARKETS. BALTIMORE., December 21 (Spe- Poultry—Live turkeys, pound, old toms, 37a39; poor and crooked breast, 30a35; spring chiok- ens, 22a24; leghorns, 20a21; poor and thin, 16a1S; old hems, 20a23; small and leghorns, 17a18; old roosters, 14 al5; ducks, 19a24; small and poor, 17 al8; geese, a28; pigeons, pair, 30 a35; guinea fowl, 35a70. Eggs—Loss off, native and nearby firsts, dozen. 50a61; Butter—Creamer; a56; prints, 56a5! southern, 47a48. fancy. pound, 55 nearby creamery, 45a47; ladles, 35a36; rolls, 33a35; store packed, 33; dairy prints, 34a35; process butter, 40a4l. CHICAGO LIVE STOCK MARKET. CHICAGO, December 21.—Hogs—Re- ceipts, 45.000 head; early market steady, with. Wednesday's best time; B 1 later slow, about 5 cents off; bulk all | such that ‘".ue:lrlfl! here. Wil sufty welights, early, l_izsauo; tu;a;l1 "f; ncuref ind packing sows, 7.30a7.85; desirable | severely. pigs mostly 5.00; _bulk, Sooasas: | (Copyright. 1922.) heavy hogs, 8.10a8.25; medium, 8.15a e 8.25; light, 8.15a8.25; light light, 8.15 .25; packing sows, smooth, 7.50a 7.85; packing sows, rough, 7.30a7.60; killing pigs. 8.00a8.25. Cattle—Receipts, 9,000 head; beef steers, active; generally strong to 25 higher; largely 15 to 26 up; better grades reflecting most advance; top matured steers, 13.00; several-loads 11.00a11.60; bulk native beef steers, 7.1 ; butcher she stock steady to rong to y steady; strong; canners and bull 10 higher; veal calves stockers and feeders slow. Sheep—Receipts, 12,000 head; open- g active; fat lambs strong to 26 100 PER CENT MEIOK VOTED. NEW YORK, December 21.—The National Fuel Gas Company today de- clared a 100 per cent stock dividend, increasing the suthorized and out- standing stock to $37.000,000. The company also declared the regular quarteriy dividend of $2.50 a share. e e ver try to use a pen at the public dEk in a post office? It does no harm to the pen to try.—Syracuse Herald. ¥ Bii Teng FINANCIAL. AMERICAN STEEL U. S. Mills Expected to Hold Bpecial Dispatch to The Star. American steel industry is leading all nations so far as the world's export business is concerned steel mills of this country probably will continue to dominats foreign markets until the German reparations som today that they had little fear eign competition east, South America. much of Europe. Lorraine iron deposits in needs German coke, the plained. Germany needs French froa ores. pressure to bear for a workinz agrec- ment with the Stinnes the threat of Ruhr occupation 1s said to huve been used in this respect ing to English financial interests 1 Britain supply some of com needed and share in a F the other two off against each other i problems are settled and for time thereafter. decrease in various sections of the cou: BXPORT AT TOP Domination of Foreign Markets for Years. BY J. C. ROYLE. NEW YORK, December Moreover, ths Leading steel experts here d in the near or faf indeed with or, France, in the France has attempted to brinig ests 2nd Seek Special Advantages. Stinnes has countered Ly sugges.- for world markets. the steel men declarec burgh, 1cRE beay In the meantime. I'it Youngstown, Cleveland and ¢ steel mills are running the December rate recorded since 1917 The American steel trade is in ex- cellent position to counteract any in- fluence that may be brought to bear on the southern European. South American or Australian markets. whichever still Steel men contend that way Germany jumps, A will be in a dominating p: the steel Industry here i~ as strong enough to override any pos- sible Franco-German steel all while It s felt that British st~ te gotiations with Stinnes ax to ger the markets the English ind always has held safe from Ger: competition. Mills Running Full Blast. The majority of the steel running full blast, and some wt had expected to close for a full w from December 23 will resume ope tions at full speed the day after Christmas. Domestic orders and in. quiries are heavy. One company ‘& in the market for 200,000 tons of stee] bars Pending orders for freight car will require at least 500,000 tons o steel, and one railroad in the s will ' require 14,000 tons of shortly. Portland Cement plants are out that necessary bullding material & a tremendous rate, and it being taken off the makers' as it can be produced. The output f this month is expected to exceed 1Z 000,000 barrels. Turkey Prices Lower. Christmas turkeys, as was predicied in these columns, will be lower in price than were the Thanksgiving birds. The el t try averages about 10 cents a pound to the consumers. in ttle tocay dealers are selling turkeys at 30 centy a pound which they bought at Thanks. giving time at 40 cents, and which have been kept in cold storage since that time Sales of tobacco, cigars and cigareties haye increased tremendously over las year, some companies reporting today that their December business is r’lln- e the ning at least 100 per cent abe corresponding perfod of 1621, Sales o leaf tobacco are proceeding 1 anc loans by the War Finance Corporatiory to growers to finance marketing has¥ greatly strengthencd the position the growers. Electric Plants Busy. Electric supply plants are running t a rate well in excess of pre-war,| capacity. The General Electric Com- pany’s business for the vear is esti- mated at about $200,000,000, and it is expected that 1923 will show mnew business booked in excess of $240,000, 000. More electric locomotives are being made by Westinghouse than er before. It is reliably reported today negotiations by which the C and Hecla Mining Company, great producers of copper. will take over blg brass manufacturin Detroit are well under W Record Lumber ments. SEATTLE, December 21 (Special).— The lumber shipments for Octobes from the Washington mills sent te the Atlantic coast by way of the Panama canal amounted to more that 150,000,000 feet and were thres times as large as for November, 1921 De. cember shipments have maintaineq this pace. Output of coal from Wash- ington mines it at a minimum Heavy Demand for Current. CLEVELAND, December 21 (Spe-] cial).—The volume of eiectric cur. rent consumed in industry in Ohic has increased steadily throughoul the year, according to figures co; plied today. October and Novembg Were the peak months, but it is proB- able that the chart may show 3 slight fall in December because of holiday shutdowns. As an indicatior of how business has improved, it was announced today that reports deal- ing with the rubber industry at Aky ron showed that practically every plant §n that district had booked from 25 to 50 per cent more business for spring than at this time a year 8g0 Farmers Still Hampered. KANSAS CITY, December 21 ( clal).—Christmas buying in this tion has been 20 per cent heavier th last year and the vear before. I§ spite of this there Is a distinctly cons ervative note bein, sounded in busi. e circlen. This Is due largely to the situation in the agricultural re. glons, where disparity between pricet for farm products and other com- modities and lack of cars to shiy grain have affected the financial sit- Uation and buying power of the farmer. Fear Shortage of Labor. ILADELPHIA, Pa., Decembder §1 (Sl;‘:cll!).—liduclllon 5t apprentices {s Doing given a great amount of ut. tention by large employers here ai the present time. Employers com. Plain’ that the trade schools in this Perritory are many of them confine¢ to the education of orphaus and they are making preparations to tralu helr own journeymen workers from their own apprentices. They declar the shortage of skilled workers it s more apprentices arg interests in GASOLINE PRICE CUTS. ¢ YORK, December 21 (Special).— o Continental Oll Company has cu Tasoline prices 1 cent a gatlon in fae Rocky mountain states at all pointy excepting Albuquerque, N. M. The Ol Company has reduced do. Tl Teand export kerosene prices an \ e galion. Standard Oll of New it a Gemsey reduced export gasoline pricet 3 cent a gallon. [ CANADA'S CROP VALUES. OTTAWA, December 21.—The valug of Canada’s principal fleld crops 1922 will exceed the previous yeary total by more than $50.000,000, the Dominlon bureau of statistics estis mated lodnz. This year's yield wag figured at $364,138.600, compared wii $931,363,670 in 1921. The 1920 cro) w valued at $1,455.244.000. —_— And so Germany is preparing foi another war. The horrid thing! Won't she ever become gentle ang sweet like the other nations?—Duluth Heral Maine was the first state in thy ibit booze and now it it to prohibit ice water in public place: As goes ne, ®¢, goes the ration.—Peoria Transcript. . ]