Evening Star Newspaper, December 23, 1922, Page 17

FINANCIAL. PRONOUNCED BUSINESS GAINS | REFLECTED IN ALL MARKETS| Higher Farm Prices, Advance in Copper, Steel Output, Car Loadings and Ex- ports Among Leading Factors. !Reparations Overshadow ! cial Markets. altogether the most promising step | yet taken toward a solution of the! matter. Much significance attaches to the; steadiness of the German mark in the face of the prodizeous expansion in the paper currency. Within six weeks the circulation of the Reichsbank has more than doubled. has practically reached the trillion level. and the mark is slightly higher now than it was then. This is absolutely ovposite ! from the experience of Austria and the other nations of central Europe, where every fresh expansion in paper note issues has meant fresh deprecia- tion in the value of the money unit. that it seems to call for some speciai exp'anation. The most logical version is that German bankers and the German pub- lic in general now feel convinced that the reparations program will be cut o that it can be met, that this will | be followed by an outside loan and stabilization of the mark, and that consequently, despite the continued tremendous outpour of the printing e resses, thy ani Dresses. the panicky selling of thecuged unless ana unti L i tions question was settled (Copyright, 1922.) ment was issued to set at rest a fl BY STUART P. WEST. Special Dispateh to The Star. NEW YORK. December 23.—The upward movement in the stock mar- )=t this last week has had a two-fold gnificance. It has emphasized | zain the point that In correcting the speculative excesses of the spring| nd summer the November decline! ent altogether too far, and it has asured the continued improve- ient in. the outside business situa- regarding which the testimony #5 quite conclusive. Tooking back at sthe market of a snenth ago increasing {mportance at- aches to the action of the stock ex ‘hange authorities in forcing houses which were carrying too many stoc o lighten their load. The questio safre system through which this re- sult was accomplished is rdmirable us a protection to the public doing. business in Wall street. It does. however, mean that under conditions like those of two months go liquidation of a forced mature and on a very lurge scale can be bruptly brought about and persisted in to the entire disregard of values. The new policy is a_great improv. ment over the old policy of “let well anough alone.” It would be an even reater step forward if the pressure - keep down speculative loans were brought to bear before the excess tage was reached—in other words, i¢ the stock exchange action could be i --ade preventive, instead of merely Stock Melons Reach $2,000,000,000. By the Assoclated Press. NEW YORK, December )slon in this week's financial mark: lem by the announcement of J. Morgan & Co. on Monday that t that no international and for local international banker: Considerable COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY the situation in an endeavor to & unravel the financial tangle, moro definite developments. PITTSBURGH, December 22 -Toilet | THE * EVENING S INDIVDUAL STOCKS - SOAR DURING WEEK Other Problems in Finan- BUSINESS OUTLOOK GOOD Rail Reports Reflect Strike Losses. 23—The German reparations question over- shadowed all other subjects of discus- | )’ Attention was centered on this prob- had notified the German ambassador loan to Ger- could be considered or dis-|15042.00; per sack. 2.0082.25: the repara- The state- *iof rumors that were making it embar- rassing both for the administration interest was aroused later in the week by the announce- ment that the United States Chamber of Commerce had injected itself into bankers withheld comment pending Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. No change in the condition of the turkey market was noted this morn- ing. Heavy receipts overstocked the market and caused a decided decrease | BusineSS Estimaled From 12 in prices. Prices depended entirely i e e 1 e Pt ine| 40 19 Per Cent Heavier Than in Any Previous Year. CHRISTMAS SALES BEAT ALL REGORDS: Al close of the market. The demand for chickens and ducks is light. and the meat market con- tinues slov. Fruits and vegetables are in demand, and the supply s great enough to meet all demands. dlEm—Smmy fresh, selected. can- ledaper dozen, receipts, 52: Southern, S Cond Srorame exss, 30232, Live poultry—Roosters, per 1b.. 14: turkeys, per 1b., 30a35; spring chickens, per Ib,, 24a25; keats, young, cach, 65a70: towls, each, 32. RAILROADS ARE SWAF Heavy Textile Orders Assured for 1923—Shoe and Hat Makers Dressed poultry—Fresh-killed spring Are Extra Bus chickens, per Ib. 27a28; hens, per b, Busy. i’-gazgé :%outers. er 1b., 18; ""ko?g% per = f - keats, voung, each, T BY J. C. ROYLE. i JLive sfock—Calves, " choice, per Ib. 12%. medium, per ib.. 12: thin. per b, 6a9. Lamhs. cholce. Der 13- live PlEs. 2.0028.00 each; live hogs. per éen_fruits—Apples, per bbl. 1764 Special Dispatch to The Star. NEV YORK, December 23.—The chanting wheels of industry dropped preen trults—Apples, per, VL. L7 to a lower and a slower note today T.00: Deficibushels “busket, mealCrar.s0. | In anticipation of the holiday. Ketall | California_orunges, per crate. 5.0026.00: | trade, however, swung into the cul- w,rmu_ 4.00a5.00.” Lemons, _Per bo:_- mination of the greatest rush of | ri"‘:{'-g‘_’fiflfi?m)numu. 2.0023.75. T2P8®" | Christmas buying the United States, 3 fesbotatoes. per hbl.. No. 1 |has ever known. Accurate estimates, ' thg;':_» which, however, cannot be confirmed Sweet potatoes. Nort untll the sales today are added ub.| !indicate that business has been from lina, 76a1.50; nearby, 1.50x225 Tet- tuce, per crate, southern, 1.00a2.25. Ro- { 12 to 15 per ceut heavier than in any | previous year. ete. P. hey ock { maine lettuce, per crate, 50a1.26: Icebers lettuce. per crate, 5.25a5.i5. Cabbaze. northern, 1.75a2.00 per 100 1bs.; nearby S .4 !cabbage, per bbl, 150a2.00. DRg-| A tremendous part of this business | lfxarm.-l,’ bor-crate. 4/o0at.on oo Tompi0ns. | has been done by mafl and the mail} pet 0 .00. > & h H 300a4.50 per L";Sl‘ffgt ;;EM‘ 4 0089.00 per | 0Tder houses have had the heaviest Nt hacrei 'bannars. per erate. Flowida |sales in thelr history. Before the re- ok | £60a4.00. * Kale, per Dbl 100a1.75.| tall stores reopen next Tuesday mer- | chants will be fully prepared to fol- low up this rush of business and in- dications are plainly apporent that Spinach. per bbl., 3.00a3.50. Celery, per| dozen, 50a1.00: California, per crate, 6.00 1 a6.50." California grapes, per crate, 1.50s ¢ TAR, WASHINGTON, D. C,eSATURDAY, DECEMBER 23, 1922. {aivided profits to surplus account. FINANCIAL. VIRGINIAN RAILWAY | COFFEE BROKERS FAIL. ’ WOULD ISSUE BONDS New Orlenn:—;r:—l!nrdelt Hit ! in Bankruptcy Action. | NEW YORK, December 23.—A | schedule in bankruptey fled in fed- | eral court by Fred M. Levy & Sous, | coffee brokers of New York and New 2 | Orleans, showed liabilities of $4,0 !] your protection. 203. of which $3,643,868 were securcd || ous treatment. claims, and assets of $2,664.443. | 117 LOANS 3 If you have money to invest, we can cafely Ip)h‘:: it on gilt-edge first Authority Sought From I. C. C. to Get Funds to Cover Ad- ditions and Betterments. The' Virginlan railway applied to the Interstate Commerce Commis- sfon today for authority to issue and Mortgages. Our record of 30 years insures Courte- el 30T O I I e oy (EAK® | Unsecured claims amounted to 5 per cent fifty-year gold bonds, The nse unt Rm“ c funds from sale of the securitics, the | $105.613. The Anglo-Paris Bank of ercy o 0. San Francisco had a claim of $60,000 | for coffee loaned. | The principal secured creditors in New Orleans include and Trust Com | ney-Central 2 | Westfeldt Brothers, $1,0 Commercial Trust and application said, will reimburse the road’s- treasury for expenditures al- ready made on additions and better- ments. EXTRA DIVIDEND BY T VERNON BANK S.W. Cor. 15th & “K” Sts. _fley to Loan $120,307; Charles Dittman Company, | Secured by Sret deed of trast orta | aments, $133.417, and Southern Coffat Frovailing (ntecest and tommtsnion Mills, $39,805. | Joseph L. Weller ST K e EX-DIVIDEND TABLE. = December 24 mer. La France Fire cher & Heilbroner, & December 25— | Alltance Kealty December 29 L Air Reduetion, q. | Ameriean Steel A wociuted 04 q et Teather pf., ... TCL G €& St Touis. .o U €L C & 8 Louis pf. 4. | Cunndi, Southern; d. Co-Operative Building Association Organized 1879 43d YEAR COMPLETED -$4.657.959 50 -$1,150.5%0.31 $300,000 for Creditors of Moorhead & Elmore Is a Welcome Gift. ndries, q. Annetn . Surplus Systematic Saving Accomplishes Most ~—Yom huave worked Lard for your d lars—now make them work for You cun do this by systematic saving. BY L A. FLEMING. The Mount Vernon Savings Bank di- rectors have declared the regular div- idend of 1 per cent and an extra divi- dend of the same amount, both paya- ble December 30 to shareholders of record December 23. At the same time the directors or-! dered $25.000 transferred from un-! Mexican Pe‘roleun, Michizan Central, Central, o RBiscuit, ne Subscriptions for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING wgs Bank, The Mount Vernon although one of the vounger banking Transuc & Wi institutions of the city, has made an [nied Alloy o enviable record and taken its place | White Eagle Refining, among the successful banks of the ERge IR e niuE Eggplants. 0 K TN 2 3k 3K eI e a3 A N X e ke ke X o JOb XK IOk 2 ke IO Ok corrective. articles figured more conspicuous.s in Special Stocks Jump. 3.00. the post-holday buying will be well : 5 reithan $20 —_— Improvement in Business. L\‘_hlristmas plurch:\ses than ever be:ior h"r:m 1ma|n( botdy gf stocks lfl;‘oweg e e ROvastons above the average of recent years. < uaoo.”’ deposits are more than §2- o T T econ: is 915 F St. N.W. The essential indlcations of im- [Sales were larger than anticipated by mportant ~ changes, although| . GRAD e Raflronds Taxed to Utmost. > 5 Creditors, | 1ead any of the important state com- M jomx JOv EDSON, Pre nrovement In the business situation | merchants in the last week. ‘::::f;‘f;f'}',,;fim'fl‘l mtexsatiagmovey BALTIMORE, Md. December 23| g o0q 0 " 00 T etion today M\rl H"'";I"-"S;:r m_"'l-‘:"_ . w{.m,‘hxnm is Mrs. Charles A. Kading FRANK P. REESIDE, Secyn e tho continued rise in farm PFCES | (oo Docomber 23— All steel | pecaicular of thesy task misor i | (Speclal).—Patatoes (white), 100! were taxed to the utmast to handie |1aieq for 0 R T e R R S R o arcner expansion of Iron and | CHICAGO. December 23—All stecl,tpecatoular of these took place i |pounds, 50al25; 150 pounds. S0aZ13:! the rush of holiday traffic. passeneer | Vit 'who fire ereditors of the for- | coae CIvl Servier €0 08 steel production the advance in cop- | A8 (F FLR SeO ; S The e TNy e 25.),um‘.' which opened sweets, barrel, 50a1.75; bushel, 50a 28 well as frelght.. Theicar shortagel o Cb. who are cra itors of l;:l 2 mer, lead and zinc, the usually|UPin e Talidepartment e e | amtes ot);m) o advanced to 322 In{pasket, 24a: Yams, barrel, 1.25a1. 1a slowly decreasing, but still stands | o5 firmof Moorehead :;g i Blone § vy car loadings, the surprising de- | I indepenions majer fas ShouEn | e O 0t 300 for & mer Gain of 42 | Dushel. shel, 3.004 | at ‘well over 100,000 cars, in spite Of |t toimisin. e frdng £qe o goods “‘;‘;‘;hfl”(‘;"‘fi? S entlons fax the fizes aicimenihsIoF [Onitha day: Balatodicovesine bylsca s e e Brocol heavy new purchases by carriers and | ox cbtions Bied by one of the nvest- | . for the better In the o . £ - | bushel, . Savoy cab . bushel, | jnereased activity in the repair shops s to the report of Ra Y \J these features have become in- | 1923 Tie cemson oriey was ascribed asl60ad. Carrots. basket, 50a60. Caull| The Lanked fives! othene industol (ool e EDot of S ] ahonal Ol'tgage al'ld lllvestl'lleflt creasingly clear since the n"'s( n‘! l:fil YOUNGSTOWN, December 23.—The | Baldwin also was active at riking ;}";\Y:;ra‘ _l»::g're 0 4'2‘(::36'" ‘C-:h: I|plants will again be under forced{counts of the bankrupt brokerage i present month and the advance steel mills of the Mahoning valley to- | prices, closing the week 10% points | ; o0a8 00, 3 e e SratonaelH| [ cXtRTUCR I T Rl Ui, The firm failed in September. the stock exchange IS their logical ac- mills and automobile plants in ever: ~ompaniment. e c",’;.f-’,‘;";:{-"gy,.fi‘ e P ST | above last Saturday's final figure. Sev- | lorscradish bushel, '3.00a400. Kale, { cection will continuc on sehedul Tt prices of grain and live stock on | vo Yoq “after the turn of the year,|were iAo o jrecords for the vearibushel, 20a30. Lettuce, barrel. 1 whizh closely approach peak opera. the 'western farms were relatively | SiP{ad BOCE CH0 B eing Ship- | ing Fisher Body: the week, Includ-|2.00. ‘Onions, 100 pounds 1.50a2.50.|tions, The president of the Pierc fahigh as prices of cotton. nothing | il (7 & B pener Body, Pond Creek Coal,{Oyster plants, 5.0047.00. ~Parsn'ps. | Arrow Motor Car Company today pre jore would be heard about the In- 8 |§tromberg Carburetor and Stewart- | bushel, 1o0ali0." Peas, bushel, 4002 dicted that the compiny would in 1 ‘ufficlent profits of the farmer and | SPRINGFIELD, Mo., December 23—| Spe er. 00. Peppers. -50a4.50. | Gouble the sales made this year. The volitical agitators would find the | Ahout 2,000,000 rabbits will be shipped | Business Outlook Bright. 1 Pumpkins, ¢ 10.00220.00. Spin- | orders now flowing into the offices of oound taken from under their feet | from this place to other market cen-| Business prospects continue en- |4Ch. bushel 75ash. Squasi crate. { the steel companies show plainly that | Tut even as it 15, the recovery in the | ters this winter, according "to esti- | couraging. Weekly reviews of the |%002400. Tomatoes, crate, 8.0026.00. | gther automobile manufacturers hold | ain | markets nce the middle of | mates by dealers here today. This is | iron and steel industry declared that | TUITIDS bushel 50460, 2 _|this same belief in regard to their the distributing center for the rabbit [ vear end activity was unusually high packed, barrel, 2.00a5.00;{products and are taking steps to meet | September has made a very consid- 0a1 ose, 100 pounds, 1.40 | Tible difference in conditions in the | production of the Ozark section of |and the seasonal shutdowns in_the | : 2 the demand they are sure is coming. | rern states. It has signified much | Missouri and Arkansae. ST e e basket, 40a50; box apples, 1.40a { L e et D01 00 Big Textile Orders Ahead. - sts will be able to con- STEURG, .. December 23.— | ing to e ontEbres b apefruit, be i - S ot e motuessretord brealingienr crate, 4.00 ! newed activity after January 1. Sales Working conditions in the Georges!in 14 Copper and lezd tribute to the business s‘tuation of 3 ices quart, of cotton cloths <t week have oo t9¢ ta not tmnrobable that it will | creek territory are fast reaching nor- [ reached new high lev. 2 1 o P e ¥eet pon molitical senti- | mal, with about 1,600 miners working | reflecting LD Faalaon 4.50a6.50. been of good proportions and have shent. % toda; those metals. Wheat ,also sold at elling Prices at Noon. e e - g § ; crease in mill orders after the Great Month for Steel. | FORT WORTH. December 23— |FeC0rd prices during tHe week. e Eel winten fepo el eirniotiine vear: Busing throug! The steel companies I \d the | Texas towns founded when the big | Strike Losses Keenly Felt. I e aay” | thie| gTeat’ middle iwestern terri Jurzest Dec . five| ranches began to be cut up into flelds | Additional evidence of the enormous e T e Rt arlioky, | has been particularly heavy. vears. but this % con- | are _enjoyins the greatest prosperity |loss incurred by the railroads be- |} No 2 Jed winter, garlicky:| Merchants. however, are not delud- Jucted on a pri h for the they have e-wer;:nc‘d in lenf) ar: ause of the shopmen's strike was | o8 (n‘;."mcember B nta ing themsel as to the width of| St L side of | Farmers from other scutions of Texas | scen in the uction of the directors of | 4G 1] *"5) P10t of hearby at 1.00. |PrOfit margins —They expect ) e Batea & 1 Corporation——| #Te coming in. and thousands of acres | the Great Northern railroad In_cut- | ot EaF (000 Sew 5.96a1.00 per | competition and are preparing to hold tas invelved comparatively small r(\}-mer‘) evoted h;flp.x turage will be - ting the preferred dividend t0 5 Per{yparrel: contract, spot, 8335 per bush-|d0Wn overhead in every possible was Tofits, | The copper and other metal | Planted to cotton this year. fcent from 7. a rate which had heen | Of Al ek JUsholto meet it. The arrangement just e ddtcers are o ing money 0T | pHILADELPHIA, Decomber 23— | huld without interruption since 1899. | Qiotations: track corn. yellow. No. %, | completed, by whicli four great stores ‘he firat time 20, ; L oot "ouht for | T1e unprofitable nature of the ship- | 310 f0'Dtier “FY or "bishel, in Boston. Pittsburgh. Chicago and Tn Novembe tton mills took | St L Ao o manuthoturers | PINg industry during the last year | gajes 2800 1%shels No. 3 mixed,,St: Louls will combine for the inter- 2 o AR nBREE Ll 5 oy \Cturer? | was shown by a reduction of the = K T ey * | chi f handis| lysis more C ity T ¢ the recent British auctions arrived | gami- & new. at 82. change of merchandising analysis Stice Jubr thus completely dis- | aora this week semi-annual preferred dividend of ["Qats—White, No. 2, 55 bushel |complled from the methods and opera- : 8 the | " o3 = International Mercantile M : S B S [DECRONS 5 = Sipating which held the ! I 1 ercantile Marine stock | asked: No. 3, 5414, tions of each, was plainly formed ntton eheck durng the|l KANSAS CITY, December 23.—|(rom 33 to $L1.30, putting it on a 3| RyeNearby, § 5 with that object in view. * 't e rise in the price of | atuies ure moving In larer volume per cent annual basis instead of 6€.|3 western export, spot. 1.00% per Furniture Makers Rushed. «terial would cur the:than a year ago, and dealers toda: ¥ s No. 3, . 8 S tprodnet, The | deciared the demand was greatly im- | o azooo,oootouo in Melons. b“"g'y‘ ‘\g gecgfiuzw;:;fifi for tan|| eantyieveryiturnizuse plant Ingthe i1l be- | pr ey o "1 More stock dividend announcements : Tnited States is making plans for in- e- | pre P prices are moving up grade of timothy and light clover creased tput as a result of dlly as a result of reduced |came out during the week, bringing | mixed, 16.00a20.00 per ton, and for | gnioe: The Dareat diffenlty _in ihie U nd lessened fecling|the total amount distributed in the | 800d mixed, 16.00a17.50. Eawever s tobility it secure siilicd g last few months to approximately |, SUFaw—No. 1 tangled ryc. 15.00a| workers. Inspection of grocer LR tiie | $2:000,000,000. Official announcement | 15:£0; No. 1 wheat, 10.00a11.00; No. 2| shelves indicated today that supplie mely active | Was made during the week, however, | °2% nominal, 12.00a12.50. of canned fruit were light and pack Europe Buyinz Goods Here. fact is {aken | that neither the General ¥ the' Associated Press. ( Uity Invest Co., Amer- Electric 5 T iasu sure indicatlon of improved busi- | COmpany nor the United States Steel | % ment of thelr products after the open- ¢ exports were the largest f oot loeal printers | Corporation contemplated such action, | CHICAGO, December 23.—Hogs— | ing of the New Year. The pack all s de- in denying rumors to that effect. Receipts, 10,000 head; market active, } over the country has been heavy be- Money rates were slightly easier. |10 to 15 higher; bulk, 150 to 250 cause growers were forced by car! ! Few important changes took place |pound averages, §.45a8.55; bulk, pack- | shortage to divert shipments which gy 3 {in the foreign exchange market, de. |INR SOWs, 7.60a7.85; pigs, mostly 8.00a | normally would have gome to the NTOWN, Pa.. 1 mand sterling holding fairly steady few up to 8.40; estimated hold- | fresh fruit markets to the packing il :-‘:mp‘]vlhg x'r(?rd w rn\mthi ‘4. with other European |2Ver, 35"2“;;5““ “r h:gx. 8 40a8.50; me- | plants. i the last week. ¢ s showing slight i s dium, §.40a8.55; light, 8.45a8.60; light . stores shows that a € Slisht Improvement. |t £ 50a5.60; packing sows, smooth, O A antaonae $700,000 was spent in one 5.00; packing sows, rough, 7.40a| Shoe and hat factories will be ciosed wages and full employment are ba DIVIDENDS. killing pigs, 8.00a8.40. {as brief a space as possible in the | of the bix exn: { X Cattie receipts, 1,000 head: market [ next ten days. because each industrv <urdly Stock of Phlly- compared week azo; beef steers un- lumg?okvd We“ll ahead a{‘!flhin the xport total | { tecord. _able. |avenly, 25 to 1.00 higher; good grades | middle west orders are such that cpe- n the Oc 'SHOPPERS IN NEW YORK !: s ine s Csttaavicie B e bnriiion I rations at better than rated capacity % tober_the com d Buttery Park N matured steers, 13.00; best long vear-|are a mecessity. figures showed that Europe in | EXPEND $250,000 000| - Tngs, tn 168 lots, 11.00; few heaq prime| Men active in the building Industry 1. and Frauce and Germany in . £ ’ | Brovklyn Trust Co. earlings, 13.00; stockers and feeders, | today predicted that the building of CHICAGO LIVE STOCK MARKET. | &% confidently expect a larger move- 5 to 40 lower; botter grades beef cows] homes and construction of industrial | attained 192 Corporation will be a nice present for | Christinas_or a little later for some | 3 who hoped for little and will receive | Will Purchase more. Vietory Notes. H. T.—There were no victor. per cent bonds is: could not have had them replacs First and Second Trust Notes Warehouse Receipts and 4% per cent victory note You may | have exchanged a 4% per cent Tr - { ury, certificate for another certificate. | Make Construction Loans ‘ The yictory note ca’led for payment December index letters | Ajnic ore the serial | On F . B . numbers <. Interest on, these notes has ceascd a I'alr Dasls ctory notes mature, other than as indicated, May 20, 1923. g NEW HICH RECORDS lN WHEAT MARKH First Mortgages on A ’ Valuable Rtal Estate Results Are Far-Reaching Frem | Week's Trading in Grain—TU. §. Reports a Factor. 811 Vermont Avenue N.W. ATING back centuries, First Mori- gage securities have been a popu- lar and favortie form of investment Their advantage lies in the fact that they are absolutely safe, yield an ade quate return, are non-fluctuating i value and relieve the invester of a details and worry. By the Associated Press. CHICAGO. December 22.—Despite heavy profit-taking sales, new high-| price records for the season have been | in the wheat market this| weeh. Upturns were based largely on ! opinions that increased purchasing | Over a Quarter n We have at this time a nuuiber of soon by foreigners could hardly be of a i < s ’ avoided. Compared with a week ago, ; Century :-ln-_n Mortgage m\(v tme: on in- wheat this morning was unchanged to; Without dividual homes throughout the cit amounts of $230 and a Loss B. F. SAUL CO. MAIN 2100. 141 BRESY RN L VS 3% higher, corn down to 1% to 1%a 13;, oats unchanged to 1% off afid pro- | visions up 15 to 32. Announcement of a decrease cf more than a six million bushels in the amount of wheat on ocean pas- sage, together with assertions that stocks of breadstuffs in Europe were nearly on a hand-to-mouth basis, had much to do with assumptions that export business would be likely to enlarge before long. Sub-zero tem- peratures and lack of sufficient snow protection for the domestic winter | crop tended further to lift prices, and were but little offset by government figures implying that the probable vield would be fifteen miilion byshels in excess of a corresponding estimate twelve months back It was contended by some authori- | ties that the most weighty part -of | 2 X MONEY TO LOAN in the same! NEW YORK. December 23.—Holiday | Cencral Sereantite Bask » and heifers, 5 to 75 lower; medlum to | plants would not be checked for the f i b New Tk has bronca an] > ote gond grade heifers showing most de- | next three vears They asserted. how- ot i week agorover | Poy et T A e ! Clineutield Coal” Corp., cline; lower grade butcher she stock | ever, that in their opinion the build- £ international loan to Ger- | 0,000,000 has been| je = / steady; canners and eutters, 25 to 40 ing of apartment houses had passed has died away now that spokes- | s Liere, it was esti-| Com eiintng C up: bulls strons to 15 higher; veal | lts peak. et meinar niakes e today I business quarters,| 1 hives steady to sttong; weeks bulk| (Coprright, 1922.) «lured that such wn undertaking is sum represents au increase of | "7 pn;e.; beef stee = 75. bo 2 stockers — e wut of the question until the repara- to 20 per cent over last year. and feeders, 5.75a6.7 eef cows and ons problem is disposed of. The every lne of Chrismas,origage Hond Co. helfers, 4.0026.00; canners and cutters. WEEK’S BUTTER PRICES. “peful development the week, | trade has reported an Increase in MacAudrews Forbes Co. 853 50; veal calves, 9.25a9. wever, has been tiie proposal that|sales and more persons than ever| 2% ............ "Dec. 81 Sheep—Recelpts, 3,000 head; market a‘omn'l!tf:r of Ame business | have been‘rcq\;‘ired to t&nndle e ey 00 o s;esdy. 'camparled vlvlth week ago;|{Demand for Cheaper Grades Sup- en’ investigate onditions | business. In the 5000 dry goods |pdin i 1065 sicce: " mes: 3L choice’ fat wooled lambs, 10 to- 15 I determine Just much the ' stores alone neatly 200000 people inatioial et e fower; ofher grades unevénly lower: ports Unsettled Market. s able to pay. This looks have been employed. s " Dec. 22 heavy fat lambs off most: fed year- Ja% 1l1ings, wethers, nominally, steady;| CHICAGO, December 23.—Demand sheep steady to strong: feeders | for cheaper grades of butter tended to T T T T ST T T T R T T R 2 TS B S e e e 5y Be on the lookout for the J. J. McGraw Articles . ““My 30 Years in Base Ball”’ which will appear exclu- sively here in Washington in The Toening $tar The Sundayy St —beginning Friday, January 5th It's the most interesting history of base ball ever written—and. deals with the intimate side of the game .during McGraw’s third of a cen- tury of active participation in it. He has written as plainly as he talks—and knows what he is writing about. If you are not getting The Star regularly now—arrange to have The Star carrier deliver it directly to your home for this big feature— starting Friday, January 5th. 2 4 i X0k 29 X 2K e X X e o XX oK X e e e e ke b KK Xk KK steady; week's-extreme top fat lambs, { gypport an otherwise unsettled mar- 16.40 to shippers; packers, top, 15.3 freshly clipped lambs. 12.75212.90;{ket during the week ending today. 2 | Beavy fat ewes, 5.5086.00; light-|The Chicago market continued weak, weight, up to 7.50; weeR s top_feed- | showing the effect of surplus supplies 3 | in& lanibs. 14.65; bulk, 14.00a14.50. and a light demand during the pre- k’s trading. Sto butt, * TODAY'S CHICAGO PRICE: vlonshweskisitrading. rage butter | was in active demand here and like- CHICAGO, December 23.— With!wise in the east. Few changes were the government report was the fact shown that except in two cases, the | present condition of the winter crop | is the lowest on record. However, bullish sentiment was a good deal modified by virtual stoppage of talk about a loan to Germany and by slowness of steps toward enactment of farm credit and forelgn credit bills at Washington. Holiday con- ditions acted as & further restraint on buyers as the week drew to an end. ‘Although corn and oats, like wheat, went above the season's previous top quotations, big rece.pts of corn here made values recede later. Provisions were higher in line with | ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST . Randall K Hagne: & C. 1207 Connecticat (Bocnue 2 recorded in_quotations during the . practically no cables in from abroad, |recorded In quotations Quring the | nogs. | due to the holiday, and with little or | dnactive shinments were renortad larger. Prircipal markets closed this no prospect of any export business in sight, the grain trade was mainl. of a holiday character here. »* x * x X x * x » dom took a bullish view/of the situa- tion there and sald a good demand was in sight for North American Wheat for December-January ship- ment. This, however, had little ef- fect on the market at the start Lere. There was some scattered profit-iak- ing of wheat in evidence during the early dealings, but the trade was Without a guide. Trade was not large, 2 majority of the traders look- ing on and waiting for the close. Y| The opening, which varied from unchanged figures to % lower, with I May 1.24% to 1.24% and July 'L13% [to 113%. was followed by further K ! Slight declines all around. Prospects for large receipts Tues- M |day had some effect on the corn 2 |market today. After opening un changed to % down, with May 72% Y |to 723, the corn market underwent a further setback. Oats_ started unchanged to % off, with May 5% to 45%, and after de- Clining 2 little underwent a slight reaction. Provisions were firmer in line with higher quotations on hogs. Poultry—Alive, unsettled; fowls, 13a 18; springs, 17; roosters, 13; turkeys, geese, 16. 900 PER CENT “MELON." DENVER, Col., December 23.—T Denver Dry Goods Company, one of the largest retail mercantile houses of the city, has announced a stock dividend of 900 per cent, increasing its capital stock from $500,000 to $5,- 1000.000. Hugh McWhirter, vice presi- dent and general manager, declared it was the first adjustment of capital {account to reinvestment since 1901, and that since that time the business of the firm has grown from annual gales of $1,600,000 to more than $10,- 000,000, PARIS MARKET ACTIVE. PARIS, December 23.—Trading was active on the bourse today. Three per cent rentes, 59 francs 30 centimes. E change on London, 62 francs 85 centimes. Five per cent loan, 76 francs 70 centimes. The dollar was RO XX X X KKk K y | week as follows: On 92-score butter— 2 Alyork, 3;-point gain; Boston, 54, %-| private report from the United King-|point gain, and Philadelphia, CUDAHY PROFITS HEAVY. 81,231,409 Cleared on Year’s I Business, President Reports. unchanged. CHICAGO, December 23.—The Cud- ahy Packing Company made a profit BAILED, WOMAN FAINTS. S E e of $1,231.499 45 on its business for the Mrs. May Ford Charged With Hir- | fiscal year ending October 28, accord- " ing to a financial statement to stock- ing Gnnmen to Kill Husband. |, jjqors just made public. While the DETROIT., December 23.—Mrs. May sales for the year showed a decrease B. Ford, arrested a fortnight ago on a | I doljare over e preccling poan charge of attempting to engage a pro- | pany 2 e wrae Soestonal gunman o Kill her husband, | ot in “ronnare. " Sales. for the yong J. Ford, farmer. of Dearborn. a{ending last October 28 were $160.- suburb, was released from the county :;g4,000. while sales for the year clos- jail early today under bond of $15.000. ! jng" October 29, 1921, were $173,695,- Mrs. Ford, who was in a highly nerv- 006, the report showed. ous condition when she appeared in! Profits would have been greater, night court, co’lapsed when Judge!Mr. Cudahy said, had the company Charles L. Bartlett announced her re- | not faced a packing house strike dur- lease. {ing the year. Unsatisfactory railroad | conditions and the coal sirike also RECORD GRAIN SEASON. i reduced profits, he said. FORT WILLIAM. Ont; December | 23.—The biggest grain-handling ,.m.i FIRM WOULD DISSOLVE. son ever known in the Fort William-| NEW YORK, December 23.—Stock- Port Arthur harbor has just ended holders of the Furnaceville Iron Com- Chicago, 5114, 1% points loss: New { with _the close of navigation. The pany, Inc, with mines in Ontario board of grain commissioners an- county, N. Y., near Rochester, have nounced tonight that 21,517,127 more voted to dissolve the corporation. The Dbushels were handled since September ; concern was controlled by the E. H. 1 than in any previous season. { Harriman estate. It was said that 1o company s dissolved because { the mining operations were no longer MISSING GIRL LOCATED. profitable, Red rematite ore, 3 ret Licarione, four o for paint and furnace clay, was ey ; fourteen vears: Med by the companv for many old, whom the policé were asked to look for, she having been missing ;Years: from her home, 1205 I street Soutl SUGAR CROP ESTIMATED east, since Wednesday morning, NEW YORK, December 23.—The is at the homg of relatives at Biue- mont, Va. The police were told today Dby the girl's parents that she had been located at the Bluemont place. OFFICIAL'S HOME BURNS. i i i | i FRAMINGHAM, Mass.. December 23.' —The mansion of Henry S. Dennlson.l' nounced that its first estimate of Cuba’'s new sugar crop was 4,102,857 tons. If conditions are normal a to:al outturn is expected, it was stated. Production las. year aggregated 3,996,159 tons. The estimate for this year by Messrs. Guma-Mejer of Ha- vana was 4,193,500 tons, it was said, BAR SILVER PRICES. NEW YORK, December 23.—For- eign bar silver, 62%: Mexlean dollars, a welfare director in the Post Office Department, was burned early_today, causing a 10ss estimated at $75.000. Dr. Dennison is in Washington in Jonnection with his duties. Members of his family had no Adifficulty in leaving the h‘ousc after the fire was céiscovered, Th SUE i ot kr b used | Federal Sugar Refining Company an- | l | The Ideal Christmas Gift Whether for relative, friend or em- ploye, our First Mortgage Notes make practical and long-remembered Christ- mas gifts. | | | i ] i | l The holder of these notes receives the interest on the day it is due. Unlike cash bonuses or gifts, which, at least, create an artificial and temporary con- dition of luxury, our First Mortgage 1 | Notes mean the continual possession of principal by the recipient. | 1 H For convenience, these Notes are of- i fered in denominations of $100 and upwards, | 53 Years Without Loss to an Investor. | Swartzell Rheem&HenseyCo, 727 1545 Styec: 1