Evening Star Newspaper, December 30, 1922, Page 18

- FEVERISH TRADING INSTOCK MARKET Nearly All Groups Advance Sharply in Today’s Two- Hour Session. Adv Rumley. Alr Reduetion. Ajax Rubber. Allled Chemical. .. Allis Chalmers. Am Agr Chemis Am Agr Chem pf. 'Ath Beet Sugar.... Am Bosch :m g:n - m Car & Fdy pf.. Am Cotton Ofl. . Am Cotton Oil pf. Am Express....... Am Hide & Lea pf. Am Ice. Am Inter BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, December 30.—For this morning’s continued expansion ::x,_fn:’:‘““~ and buoyancy In the stock exchange (Am Linseed pf. dealings there were at least three ex- |Am Locomotive. .. planations: First, the market was|Am Metal relieved from sa-called “tax selling” |A™ Radiator...... which had been going on for over & |am gh(ety Rasor.. month, and the latter people, who!Am Smelting tad sold to establish their losses,|Am Smelting pi were hurriedly buying back. Second, jAm St the new year predictions regarding 3 Am the business outlook were beginning [Am Tor s Feice: to come in and all of them were opti- Am Tobacco. . mistic. ™ o% E 4 a% 2% 123 7% L3 58 08 8 us % 20 many more similar forecasts during [J U obH . 5% the next faw days were undoubtedly [ATh ¥ d_""’rb!- n niotives for the buying. Third, there |, ‘. GOy “% was the announcement of 25-cent {4 ‘W e 68 per harrel wdvance in Pennsylvania {Associated OLL n% crude ail, which bore out a little |Atchison. 12 ahead of time expectations, long held, n pf. "l that a rise in oil prices was near. Atlantic Cst Line.. 14} Atlantic Gulf. 3y ©il Shares Advanee. OIif shares naturally took the lead. but the advance was especially vigor- ous in etocks which had suffered most from the tax selling. At the same time there was an all-around re- sumption of pool activities, which gave the market much the same ap- |J 3 pearance as it had in October. Bank of Comm'ce it was the liveliest two hours, in |Barnesdall (A). fact, that Wall street has seen since |Barnesdall (B). the culmination of the autumn cam- |Beechnut Packing paign. The activity lay mainly along |Beth Steel (B) speculative lines. Beth St17% (n). The foreign exchanges were gener- |Beth Steel 8% pf. ally higher, French francs advancing |Booth Fisherle for thie third day in succession. Bklyn Edison..... Tire Stocks Also Jump. Blilyn Rapld Tran. Even marks went higher, in spite |Bklyn Rap Trctfs of the achievement of the Gérman |BurnsBros (A)... ichsbank in putting its paper note |Burns Bros (B! culation across the trilllon mark. |Burns Bro The buying movement in the stock |Butte & Superior.. market kept on with undiminished | Butte Copper..... intensity up to the close. Sharp advances in the rubber and |California Pcking. tire groun were a feature of the last |California Petrol. quarter of an hour. The oils, Stude- |California Pete pf. baker and other leaders left off well |Callahan Zinc. up_to the top. Atlantic Ref. Atlas Tack.. 'Austin Nichols. l Baldwin Loco. Balto & Ohle Balto & Ohfo pf... Canadian Pacific. . The advance of 25 cents to $3.25 . a barrel for Pennsylvania crude oils |Sase Plow Works. had been expected by well informed ICERITE) STt <o people soon after the start of the |COREFa/ LEamh PE. - new year. 1t simply came a littie ahead of {Chandler Moto time. The idea now is that the rais- |Chesap’ke & Ohi ing of Pennsyivania quotations will |[Chi & Alton. be followed by an advance in Mid- |Chi & East Il Corntinent Crude within the next thir- [Chi Great Westrn. and the stocks of some com- |Chi Great W pf.... panies having an interest in the Mid- [Chi Mil & StP..... Continent territory were exceptional- |Chi Mil & St P pf.. 1y strong. Chi & Northwn.... Low-Priced Shares Popular. Chi & Northwn pf. Several brokerage houses report |Chi Pheumat Tool. quite a bit of shifting of accounts into [Chi R 1 & Pacific. Jow-priced shares. This switching is [Chi R 1 & P 6% pf. being dene by traders who have sold [Chi R1& P 7% pf. out high-priced issues and now look |ChiStP M & Om.. for some stocks which have been sell- | Chile Coppy ing around 10 and up to 20. Chino Copper. Tn ‘this_group are Callahan Mining, [C 00 GonReric Butte. Copper and Zine, Packard [Siustt Peabody... Mator, Fifth Avenue Bus, which is a |Soca-Col nawcomer on the stock excharge;|Colo Fuel.. Ray and Nevada Copper, Tennesses |Columbia Gas. Copper and Spicer Manufacturing. Columbia Graph 5 Columbla Graph B.&0. TOPURCHASE 5885 5,000 FREIGHT CARS 522 Between $10,00(.),000 and $12,000,- gn;c.l:x;'sn aai. 000 Will Be Spent for . |CubaCaneSpt.... New Equipment. Consol Gas w {. Cons Textile. Cont Can..... . Continental Motors Corn Products.... Corn Products pf. . Davidson Chem... Del Lack & Wstn. . DuSS&Altpf.... Dupont (EI) Eastman Kodak Br the Associated Press. BALTIMORE, Md., December 30.— |gleceric Stor Bat.. Orders for 5,000 freight cars have|Elk HornCoal.... been placed with half a dozen car|Emerson-Brant... Endicott-Johnson. Ertle builders by the Baltimore and Ohio railroad, it was announced at the|gr < executive offices of the company to- [Erie 2d pf. day. Four thousand are to be all- {Famous Players. steel hopper cars and the remainder | Fifth Ave Bus w i teel gondolas. It is understood the e xt will b hetween $10.000000 and | ENCU RS The company also stated that bids are being considered for between |GoR Am Tank Car. 1000 and 2,000 steel under-frame and steel center-sill box cars. 5 Gen Asphalt pf Smee S Gen Electric. ROAD’S EARNINGS GROW. {Gen Elecent (Gen Mot 6% deb. 30.—The |Gen Mot 7% deb. s L Com- |Gimbel Bros. pany’s statement of earnings for the iGimbel Bros pt. month of November shows a decrease [c1iaaen of $29,038.22 in net income, after an |G 14 in Corp. increase of $514.813.18 in operating 5 revenues, This ‘a5 due to an in- erease o 574.847.3 in ope! ng ex- penses. Total operating revenues for Gray & Davis. the month were $1.905.518.10. Great Northern pt. ever, the earnings of the com- |Great Nor O ontinue to grow. as is shown in |Guantanamo 8u. atement of estimated earnings |Gulf Mo & Nor pf. December 1) $533.182.72 the 'correspondin week last year. an increase of $66.- 363.63. FEstimated earnings for_the ve. t December a d to 5 yoar (o Decemher amounte 318 | inots Central. 090.826.27. an increase of $848.940. or 5 per cent over the corresponding {Indiahom: week last yea Insplratio: Interboro Mt ——————— BOSTON WOOL MARKET. Interborough w ROSTO! December 30 (Special).— |Intl Agri Chem pL. Today was a typical pre-holiday wool {Intl Mer Marine. .. market. Mohair was In limited sup- Intl Mer Marine pf Plv with numerous inquiries. Deal- !Intl Nickel..... ers were asking 83 cents a pound. |Intl Nickel pf. Tiemand for carpet wools, 80 good at|intl Paper........ times during the week, fell off today¥e{Intl Paper (sta)... —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Ce.) o (Jewel Tea. ;... : : - E - |Jewel Tea pfg. ... tu . of Amer. 75 1925. 108, 2 At Co. of Amer. is 1933, 108% 108 Jones & L'ghiln pt. American Cotton O1l 6 1924, 8 983, |Jones Tea. ... . American :wlnl'&u_-r ;n;r. = '33 }:tl!. Kansas & Gulf Co. American Tol & Toio on 1035 1ele 119k | Kansas City Sou Anaconds Copper 6 1929. 101%; . 1011 | Kansas C Sou pf.. Alacanda Copper 7s 1928 7 1038 ' 1037 |Kayser (Jullus)... Anzlo American Ol 7 - 18% 108y | Kelly-Spring Tire. our & Co. 7% z grmor €0l ek 10K 18 | Kally Spring 4% B Canadian Pacific @s 1924, 3 mg 5 192 ailey 6a 1 foeki e i€ il 3ige 1932, iumble 3 Juansas City Term. 6s 1023.. K enoecof T tt_Copper 7s 1 T.ibby. MeNetl & Libby 7 M. 8L P. &S . 6! enra. B. R. 78 3 . Paul Union Depot Gigs 1923, Sears, Roebuck & Co. Tx 1923. Fouthwestern Bell 7s 1923, 3 1 Y acuum Ol 7s 1886, < 107 Teaters Uuion %e 193800 111 Westinghouse, E. & M. 78 1981. 107 TREASURY CERTIFICATES, (Quotations furaished by Redmond & Co.) ———Close.: Fatg-Maturity. Mexican Sbd etfs.. Miami Copper..... Middle States ON... Py 8% E 81 » 2 < 1% 15% L% W% o 108% 2% 10 3 6% 5% 9% W 3 2K % 3% L) = u% 9 w 2% i3 u 10% 182% 20% n g 2 27 % 6% L EER S H CHE G HH Y N sags sgfefegi-Jeggeetnyd ot ERyggang tafgegniegechygagzgecy & z HE ] £ H EEER L ER LD PR 3 E3 LR S a & zlsgfe gulsacs=gaggai fn oy $2%E0x 805 2559588 :;z FREgsEpengges-gruguniany sssnnapiigeng niay exyzagsan, 8y PR DTS R U LD BN L L b 14 F10. e Fgag ssugesyifengs gl lalos 88 | tinues fi (81,000). High. Tow. Clese L rm with a tendency to in- BY GEORGE T. HUGHES. - 21 3008 100% I L | oo e Special Dispateh to The Btar. - 8 10184 1015 m 1u2% 12 112% |are plentiful, and dealers have ample NEW YORK, December 30.—Under 2 oo s mk 111% | supplies to a the stimulus of what was apparently o ouw uw ® 4 e e e S I genuine investment demand bond 10 8 mk W % 7% | 47848; southern, id storage eggs, % |prices made substantial advances to- 1w wh L Pt . o 0 ':: 21% | day. [3 A 9% turkeys’ ry—Rogsters, per 1b. 14; N Y0 & Western,. : ‘Liberties were all firm and higher. i it % o by oy o4 |Norfoll & Westers 1135 1is% 12 1 |The tax exempt 3%s In particular|Camedabsisse..... 25 Wi oK oM o % |fogle, cach, 24azs. 204 |North Amerlcan. . 106% 108% 104% 1% }were in demand. The rise In the firat | Chile 8a 154 i1k 108 1w et 10 |chicons BoUItry—Fresh killed spring et o fi‘, ,,‘g* ;:% i | hour being 26 cents on the §100. The gu- s 1926, 3 101% 100% 101%. % 8 80 |37a28; ,w‘:-','_’,_'--p:gfl;{; D g.;;,“’ % |Oklahoma Prod... 1% 1% 1% 1%|first 4%s crossed 9. The second, Chiness GovtRy S| 2 Bl 8L o | GBIt W% 2 B2 |perlb., 35a45; Kaeats, youns, each. 70a80. 9% |Otls Steel. ... B M ¥ltnira ana fourth 4%s sold only|SoPenbasenSiis... 3 ol P @ 0% &%) Live stock—Calves, cholce, per Ib % |PacificGas& EL.. s% & W% % |slightly below that figure. The fousth | Denmark Se.. is 1% IChiME B o intear T e g ‘l’,:c"‘“‘)g--' o @ 8% ':“ 4%s were largely dealt in. Denmark 2 ® |[ChiMa e esw [live Dlgs, 3.0088.00 each: 1ive I A P_n"""Am""‘{,:{ u - un 1% K Rail Bonds Higher. Dutch East I 68 “ % |Chima % 2 |18 - o... o1% 9 81 9L Duteh 1 |CMa Green fruits—Appl A g a East I 88 ) 8 k% 8% 4 pp! ®% |Pan-Am Pete (B). 84 ‘8% 8 8| Hish-grade raliroad bonds share w4 [CMa :_per bushel basl 21 |Parish & Bingham 1% 1% 18% 1% |the improvement, Atchison 2 5w cnia ol Delicious, No. 1. per bbl, 6.008 s b 4% {moving up toward a flat 4% per cent 2 ook | O R P emone, basis. The demand for this class of 1 9% | Chi R 25 3 8 8 8 | curity must come trom trustees and | Japanese lat4 0 % | Cni U fruit, 3.008 6% 8% 36N b7 2% | Cni & 41 % 6% |savings banks who are restricted to J:;:::.: :: 4% z o1 | occ B 1% 13 18%|legal investments. The individual oG = a Sy 8% 8% |purchaser subject to income tax can 1% | py, ‘e s B e el he Inquiry for : :!‘: iy uce. per crater sodthern.. 1.00a235 o’ nect Y % e t i 126, o sy Wissly... %% | high-grade investments, _attention 1 u E Romaine lettuce, per craie, S0alZS. % | snould be calted to the firm tone main- 5 g b % | Cabbage, morihern: L75a500 per 106 s |EIttE & W V. 3 |tained by 3l the Dominion of Canada ! %% | D& Rio G 5 % W G 2|ibe: rearby canbage, per BbL 130 a%lp e {ssues traded in in this market. This 6 WL PooE Tt 2ol L s B Ry 5% | P roducers & Ref o | e e e teenmioally s Erie gon forcero s 1 per Looatot. e icularly so ay. le nically ”» ... 290 | pyblic Service pf. . 108 108 | fe bonds, Canadian government ob- 5 Erle conv s A. : Pullman Co. . 130% 1%0% 130 130 :ln‘gq- n‘l:k l!l?l( to,on; ‘“'fi llhanus:- 2 102% gfloconv 4D, Punta Alegro..... 48 8% 8 4 |In estimation of American in- 18 97 r Trunk s £ deb 6s.. 2 8% | pure oI o 29w T 294 | Vestors. R Greaf i o ipel - 75 fode Jan8s1947.. 3 97 $6% t Norti) gen £ % | Pure 011 8% of. 0% W A W Forelgn Isaues Quiet. 8ao Paulo, City, 2 sei 98% se% | Oreat North gen 6%s & 1% | fornta, per” ciate, 3 50ut.00. 10935 | Ry Con Copper... 4% 1% 104 14| Forelgn bonds generally were not Sao Paulo, 8t of 2 93y 98 8% | Hudson & Man ref ba. 62 8% | nia grapes, per crate, 3.00a4.00. s |Reading.......... W4 % T 9% [ much changed. It is worthy of note that | Seine, Dept of, 7 20 &% o86% &7% |Hudson & Manadjés 21 1% now [Remington 2apt.. & & %0 % |French bonds have not been affected 3 ns{LICEEsIgs 223 ot GRAIY AND PROVISISNS. 12% [Replogle Steel.... 26 o 20 24 | S ONE TS M A ican aia 7 Inter Rap Transit és. 39 714 | BALTIMORE, Md.. December 30 (Spe- B |5 &% 6 8 8%t Burope. It is not enny to ses just - 7% | Iater : Transit 7a wi 5 et e Siati e, h . unde, a2.15; credit much except insofar as it re- Bkl o8 S rovel Tas present incertainty Nothing MISCELLANEOUS- « % | ! bushel. 2.50a3.50. Be St Joseph Lead.... 18% 19 18% 19 |but a balancing of the French budget 1 9% 10 % | bushel. 75290, Broccoli, bushel, 40a50. 10 21% 2% 21% 21%| could do that. 7 @ xI,Tn-el- sprouts, quart, 20a26. Cab- @ [SEculsSouttwn. m m . % | The St Taul issues continued thelr 5 105% | 60475, ‘irrote. basker. S0ss, Comit: 5 Louf % ' advances begun a couple of days H 100% 100% 3 g 3 . Cauli- N N D O B L o wee thivs any mlskening ot flower, barrel, 3.00a6.00. Celery. 100, T e T Eenataily | cone 2 e o swg| 508100 Cuctimbers, crate. 3000600 1%, 124 1M |Sldered a sound investment lssue, ic} ants, crate, 4.00a6.00. Horse- = % 1% ained more than two points. Market . 3 9% 9% 84| radich, bushel, 3.004.00. Kale, bushel 85 2 3 |gerdt Rallway icago Rallway EIRy&Llstbs.. 1 88% % 85%|40a50. Lettuce, barrel, 1.5022.00. %3 94 %4 5e were firm Steel and tube 7s gained - Gmbe. 13 % i |Onions, 100 pounds 4:50a300." Oyster ; : ground among industri . 6.00a: arsnips, bushel, 9% 39% C 0 8 B% 0a1.25. Peas, bushel, 4.00a5.00 Pep- a a a » 6% crate, 2.00a3.50. Bpinach bushel, % Southern Pacific.. 8% 8% 69 §9% 8 3 5 96'5 064 16% Squash, crate. 3.00a 1% |Southern Railway. 25 6% 15 264 Brier Hill 8t 1at 5%s. 11 19 94 w% | Tom crate, 2.5086.00. Turnips 2% (Spicer Mfg Co..... 21 21 2% 20% Bkiyn Edlson 78 D... 6 108'; 108% 86 e 624 6w | DsKet, 38ad0. 2% |Standard Milliag.. 86 8 8 8 5 Montreal Tram 1st6s 5 5 8 89 |, APPles packed barrel, A I s e Central LeatherSs... 1 % 0% % |NewOrleans Termds1o s 77 18 |Dughel, 50al60: loo 9 |sStand Ollof NJ wi 33% dl% 0% 1% 0 . 21.65; basket ouu'sn Cranberri, 73% [Steel & Tube pf... 8% 86 i64 86k 5 A 3% (Sterling Prod..... 62% €% @l 64 1 1% u3 13K | NY Cent ref imp bs.. 62 ples, crate, 5.00a8.00. Strawberrie M |Stewart-Warner.. U% . W% D] New Haven cv deb 6s 13 . 40260, Tangerin 7 |Stromberg Carb 6 6% 68 Cuba Cano8cdeb8s 5 9% 9% 9% |New Haven 78 franc 63 0a3.75. o |SromberE S > o Det Edison ref6s.... 6 104% 104% 1044 |NY Weat & Bos 4%s. 9 Selling Prices at 12367 e s ) Du Pont de Nem 743 5¢ 108% 103 108% | Norfolk & Westcn4s 2 91 91 91 | Wheat—No. 1 red winter, s = s e U.S. Commerce Officials De- ® 10414 104 104 |Northern Pacifices.. 20 7 6% 86% |quotations: N fERL, ADOLIND, ta¢ z' % 2 g:.rt: éhueu'fnu:"" 17 109 109 109 !1.33% nominal ‘enn Copper. . 0% 10% 10% Y 9% |no quotations. % [T oo pany... & & s aw| olare Conditions Are Fast Ore Short L ret 4 licky. 1.32% nominal; N _1’;“ Tuugull’{fl:gvh\lr ® 6 6 61 i 4 103% fl”-l:ky' no. Quotstions; Deceml:::, sxas & Pacific... 21 21 20% 20 13 s -32% nominal. % |Tcras & PC&ON. 21 21% 21 21% Improvmg. Paris-Lyons-Med 6s. 43 72 Ti% :: Sal. B-: 1ot of nearby by sample £7% | Third Avenue 5 Is% 6% 1% Pennaylvania gen §o. 10 1013 101% o1t |8t 50, 108 i 7ide Water Ofl.... 124 124% 124 1244 Pann gen 43 55 21 ®l 9 Corn—Cob corn. new, 4.00 per bar- 2 |Timken Bearing.. 33 % 3. 4| German industry is pulling away Goodyear Tire8s°4l. 16 115 1% 115 |Pennsylvania 6%s...10 111 10% 111|504 CONLract, spot, §4 per bushel: No. Tl | Tobacco Prod. .... 5% bM 61% 6% |from what appeared a few weeks|HumbleOll& R5%s. 7 Pennsylvania gold 78. 1 110K 110K 110% | fiomes irach corn yenow, Mo 2. o't B |TobaccoProd A1l @4 & 14 # lago to be the brink of chios and & 2 7 8 ST% B (etter, 38 per bushel. E |TolStL&WpRt... B3 4 604 $04(curn in the economic tide in that ‘ iy o T o vl Siles—Bag lots of mew white at e % 18| country 1s due, according to opinions | Inter Paper lat Ss A.. 1 2% & e lmeEiatobirer bushels basiots bt 1% [Union Bag & Pap.. 6% 8% 6sis 6| expressed by some officials here on|jRierEaperistfes. 2 I1 s 0% %) Oate—White, No. 2, b5 per bushel e Uslcn Bacifios .. 901 (e 18 iM ] fhelBasislotimropmation received, re- | Kelly-Springfield 5 o ek e 15 | Rye—Nearby, shad n 'ac) . % ki i Near| A e T iR Rt liating Stos shipbUIAINE tand doBacco, | Tackamanse AtSeLZE BELIM&S4s 29,0 2 68G Spk s0% |2 wewtern export:. sbot 100 per 121% | United Alloy Steel 34 34 3¢ . 34 ‘:wm: in G;rmany. " un::tllui;:: z: : StL&SFprin g-A. 21 0% % 0% bu;lhe': _'h"o. :‘ no quotations. [ 1t . ™% 3 5 eports to the Department of Com- o 8 6% B8 6% uy—Receipts, 10 tone: market for e D ™a T TR T crce disclosed what was belleved to | Lorillard 7 1 B 6% i3 g% |toD Erade of timothy and light clover be a rapid recovery in the shipbuild-{Marland Ol 1 2 m% 2% 92 |Mixed. 16.00a20.00 per ton, and for ing business with Germany restoring | Marland Oil $s war... 1 B 7% 76% 7% | 8924 mixed, 16.00a17.50. = her merchant flect at a rate that, a|Midvale Steel 5s. 5 Straw—No. 1 tangled rye, 15.00a 3% | United Ry Inv pf.. 27 7% | fow months ago, appeared impossible. | Montana Power ss... 8 : T i imel1000; No. 1'wheat, 10.00a11.00; No. 2 n |United Retall Stra. 7ty As for the tobacco.growing industry. | Morris & Co 1st 4%5. 5 Seaboard A L ref Y o % jost, nominal 12.00ai2.50. USCastIr Pipe... 8% Germany produced 77,140,000 pounds | N . 3 Ml ) 21 |USCastir Pol... Tl S o e New England Tel bs. 32 993 | Beaboard A Ladj5s. 12 2 13 i3 TODAY’S CHICAGO PRICES. €47 S Food Prod % T Prirsant over last years outpit |NToms ne bl SeaboardALcon6s. 75 @4 % 60%| CHICAGO, December 30.—Wheat Ul |y S Hoftman Mch... 20 This gain in production offset de. | Nee yorcTel 6841, 30 -2 o 2l vaiues fluctuated rapidly here today ® |y §Indus Alcohol. € w | creaves in other Buropean coun- [ Now YOk el 41- 30 10 &% &% »%|during the eariy dealings after an flmyt tries and lett, lhemcanllnenl(w!lbl:, 2| North R E‘mw‘: td 3 m £3% 3% |unsetiled opening. The Liverpool net ncrease for e year of aboul 0 U 7% NN | W t 3 1] 6% | 7 5 Rubber 15t pf. 9 10.000.000 pounds. The 1922 figure | North States Fow T ek a% -l&er‘p break in ;:0::‘: on t;fl:ksc:da':? MY (7S Smelt & Rpf.. 474 was reported at 274.405.000 pounds. Northwest Bell Tel 78 14 16 101% 101% 101% |the Atlantic yesterday and values 1 L Teft with registered tonnage of|Otiz'SteelSs.... 18 15 60 S¥% €0 |here soon broadened. December acting the treaty of Versallles, the German | Packard Motorgs. ... 3 07 g2 0% © 00 0. The fluctuations that valo shipping ‘interests apparently set tol phila CorefénA.. .. 13 % 997 2B W% 5 M%lues varied half cent between trad = | Vi i end of emien®: Secoraine to[FORCI SR 10 MR M LhRen i ecii 3 B e i Tn ectdence in the Bles Belivory. with va-Car Chel information supplied Consul Huddle % tand o an easing off in price after the open- 20% | ya-Car Chemical pf 62 S Hatburg, the German fleet agRTe- | Sincialr O T, ...... 20 100% 108 10% | e pnaciCote... 2l 8% 614 Sl |ing. News developments had iette or Vivadou . 15% gated approxi tely 2,000,000 gross Sin Crude Ol 5%, -2 ! fod est Shore 1st 4 6 8273 2% 82%|no effect early, some traders who had 68 Nech % tons A large percentage of the new %% % 8% |Wheel& LEcondss 1 6 6 ¢ |2old out earlier in the week being in 013% “;:“:h'p T s boats “were designed for oversea mfl;“’:?n'lg: ;1;:5-.5: 63% 8% m% a quandary. believing there has been & | Western Blecpt.. 13 13 18 | FAdditions to the Seet in September | Stand Oll of Calif 7s BOSTON STOCK MARKET. s I 1oy | Western Md.....o 11 1% 1% | alone, according to Mr. Huddle, in- |Steel & Tube BOSTON, December 30.—Following | further developments. The opening. 115 | Western Md 2d. 24 24 |cluded six craft aggregating 33,700 | Tide Water Oil is a list of today's highest, lowest|which varied from 3 decline to 13 1% | Western Pac pf 541 E5 |gross tons and eleven ehips com- | Toledo Edison 1st 7s. ) 4 and closing prices for the most ac-jadvance, with May 1.22 to 1.22%; and i ;‘5”:;‘“}\’:‘“1;"&;'1&‘2 11, siie| pletet. but ‘mot Taunched, totaling | USRubber Ist rere 16 Bty wa ey tive stocks dealt in here: July 113K to 1124, was foliowed by Sest | Westhse Alr Brie. 108% 108% 1088 | 60-700 =T High Low. Close. |® further setback all around. Westhse Eles& M. 8% 6 895 5 Bullding Smaller Craft. Amalie . [E) 43 Corn and oats were unsettied in line ©% o hmeek 7 ith th in w Wheelng&LE... 9% 9% % | Omelais called attention to the ap- ‘Abmee! 51 8 o7 |with the action in wheat. there being 9% | Wneeling & LEDE. 166 7% 16t 1ng| parent policy of the German ship: 2 i 15 | considerable” eventng up under way e | white Eagle Oll... 26% 26% 264 sey|builders to construct smaller craft Boston 17 | o e by, aranovening ot | Wnite Motor. @ 49 % 4 |than was their custom in pre-war Coppe 38 885 [ 00 710, the corn® merk Y. 1% White Ofl. % Y3 M ‘9 ]|days, when some of the largest oocan Davls Dall 2 2% | Slight Turth o el 2% | wilson Company.. 36 3% 3 i paiaces afloat were of German origin P e X and ownership. 4 e Overtand. % e ok gy |, oneiner, their studiey of operating : S Y s | N e £43- 04 Tater declined & e Cveriandnt 4 a% @ | toonomics balliconvineed theiGermans : Mass G 88 864 | Provisions were unchanged to 2 off B | rorthe: s ooe 2ls 2tk 215 i | chst en e ot oo monna| NEW WAGE AGREEMENT. T s sig|aimsiar - w..g-;:ul::'_ton Pmp. 2% &% @i a|limited information and figures avail: _— By 05 122, [ Decensber ... TG able, but officials here predictes at 2 ;“u“ the German merchant marine Ot the | Glass Workers to Get 13 Per Cent | fuoe, > ] 4% }l:é‘ 1y 'uture woul e made of a greater Ve 4 RN * | [ coumopiTy NEws | |t s 2 I o s =i Whiar i i an before the war. V" , December 30.—A new | Wt i Toet s WIRED STAR FROM Make Own Reports Gloomy. wage agreement for the period be- | i % RE| Extreme pessimism still character- ning January 29 and endin 25 42 i ENTIRE COUNTRY tzes the German_ utterances on_ the it e e, ;“:; sk FOREIGY EXCHANGE. ul s Ll ul ng subject as well as g tions furnished W. B. HI 3 i “:: eeo%o;nic gonditions, Mr, Huddle ;'P“S'l"“"f'w" “(" :_“‘A:‘“;""T’ Win- \:,f—lsll m?: :;::i: b orted. e oomy forecas ow ass orker: sociat! id vall 1 35| BOSTON. Mass, December 30—Al- Satd, ware-nx:.gg privately as w'in L rattonas: Aotattor ot Wity | Ezstes. (35 g i B NG 0 y owne: = &% | though current buying is not of large |Srator alike. But the published re. | G182 Manufacturers. f 10,67 18% | proportions, normal conditions prevail | ports. he asserted, gave no warran Under the agreement workers in all | bov . 5 LD 1068 &34 | Tn poots and shoes and the factories |for dissemination ‘of the statements|hand plants of the country will re- DAIRY PRODUCTS. 82% | are well engaged in this section. n quarters that the shipping | ceive a 13 per cent increase in wages 5 = e was dead. over that granted last Septeml BALTIMORE. Md, December 30 %| CLEVELAND, Ohio. December 30— for the period ending January 2. (8pecisl).—Live poultry—Turkeye, Ib. Grain_shipments on the great lakes in The increase, however. includes a 45850 old toms, 40; poor and crooked & | Gr32 sell ‘about 2,600,000 tons short of | ROAD GIVEN AUTHORITY 10 per cent raise which became ef- breasts, 35; spring chickens. 25a26; %|the 1921 record.’ They are estimated fective December 1, when the price or and leghorns, 20a23; old hens, ::K tods ds_x]sfic:o.’o::!net tons, as against T0 ISSUE CERTIFICATES ;:rv::-:‘-{ow _glass was advanced 10 226 -m-u“-na "Jeghorns, 20; old . 405 X - yoosters, 15a16; ducks, 2037 : ‘A clause in the agrcement provides 33a28; pigeons, pair. 30a35; guined 2 & §2y3eepEeageny-atyye 7 Nash Motors. .. Ni DELPHIA, Ps., December 30. PHILA —Hoslery mills here estimated today that the export business in srtificial silk mury this year would exceed 20,000 rs. J LIBERTY ISSUES ALL GO HIGHER], W% Substantial Advances in To- day’s Short Trading—Rails Also Strong. I. C. C. Grants m:hu' to Denver and Rio Grande Western : : }5 : § o r§ . EVENING STAR, WASHINGTON, D. G, SATURDAY, DECEMBER 30, 1922, NEW YORK STOCK EXCHANGE [ 2v vorx BONDS 7o mecaunee] Recejved by Private Wirs Direst to The Star Ofica. FINANC Grain, Produce and Live Stock UNITED STATES BONDS. RAILROADS. o @0, Hgn Lew. Clom. (5%, wigs. aw. ciow. | LOCAL WHOLESALE MARKET. 785 10126 0092 10100 | Ann Arbor ¢ % 6% %! Light receipts and xood demand 1 9828 9828 #8838 |Atchisongen 90% | materially {ncreased the price of orty 1st 7L 9908 9896 2008 @Y |poultry thts morning, the price of Liberty 2d 43s. 478 8354 9840 W8 gurluy- going to 50 cents. The ad- Liberty 3d 4% s. 106 #9004 8852 9898 n% dnnuu however, will not mean that Livarta (b 4ot 1 Mot e WM @i |dealers will meet the losses sustained o st o e " Buttor ‘and gt romain firm, the irm, BOUs1963... 168 9N W0 WM 1% | butter ‘market b very firm. In- FOREIGN GOVERNMENT, STATE AND MQJNIOIPAI- that when the price of glass go up the workers' wages must be in creased. = Railroad. DIVIDENDS. TH, Dece: ) —] ” = day at an unabated rate. About 6,000,- 000 in receiver's certifitates againat| sy Powder Co. a. Us% %0 Feb. 1 000 head have been crossed at El Paso | the property of the Denver and Rio | Baok of Manhatian Co., ex alone in the last week. Grande Western railroad was granted | 1 stock. = today by the Interstate Commerce Jan, 18 BOSTON, Mass, Decentber 30.—The | Commission to Joseph H. Young, the Janl 13 current furnished customers by the Bos- | receiver appointed by the courts ton Edison Company‘last week reached | conduct the affairsiof the corporatio: 2 peak load of 2,011,011 kilowatt hours. | Approximately $1.200,000 of the pro- Jan. 15 This is the first time it has passed the | ceeds will be used ay a cash payment N 32,000,000 mark and compares with a |on purchases of new equipment, while Jau. 10 peak distribution of 1,621,00Q in 1921. the balance will be spent on additions —— and betterments. Recelvers of the Chicago and Alton Jan. 13 BUTTER MARKET QUIET. |stso procured the commiesion's ap- proval for an lssue ‘of $2.00.000 in Jam, 1 receiver's mnotes, e proceeds to be Surplus Puts Week's Prices in|used for repairing equipment and e P30 payment of debts. “Jan. A5 Feb. 1 Favor of Buyers. "Dec. 80 Jen. 2B Dec. 28 Jan. 2 CHICAGO, December 30.—Despite . Refinin, the holiday season. the butter market CLEARING HOUSE REPORT. n’h‘{' %:mf'rr % pf. 5 Jan. 15 {he holiday season, the butter MaTkel| NEW YORK, December 30—The ac- | westers lites, Gas & i, ateadlly decreasing demand’ for all|tual condition of clearing house Co.of Del, 1%% Pf........Dec. 30 Jua. 15 K t? surplus threw the market in ml‘t‘l( M a .m:;t' eom.pl:l:‘-ntor‘:?: ¢ avor o buyer. 3 weel ys) show: ey ho! e his yoar's hollday sesson was |$24.943,130 in excess of logal require- BIG STOCK INCREASE. marked by a greater degree of unstead- | ments. This 1s an increase of $6,054,-| BATON ROUGE, La., December 30. iness and duliness than anticipated by . —The Standard Oil Company of S e D enn Eoniiens Fesontes, SIS e lon. capital st 'rom 000,000 to $78, Only two markets, however, showed a MORE MEAT SHIPPED. 000,000, the increase coming rrom.u: change from _the opening of last Mon-| CHICAGOQ, December 30 (Special).— |surplus which the company has ac- - ninety-two-score stock. Shipments of cured and fresh meats |cumulated during the years of its ex- closing prices follow: | £, cago for the week ending [istence, officials of the company an- P o o L ova pacues tne ounds AESInet [NoUACe, The Standard OIf Company ; Boston, 4, 1774 unds the same week a|is v the Standar ‘ompan: loss; Philadelphla, 55, unchanged, Jeac ago: Tk y ot New Jersey. gt 100% "% Cen i i RECORD APPLE SHIPMENT. New York Receives Big Cargo From Pacific Coast. “NEW YORK, December 30.—The largest single shipment of apples this | 34a35; la season from reached New: by the State Department of farms and markets. It came by way of the Panama canal in & ship equipped with cooling rooms. The cargo of 84714 boxes was shipped from Beattle, Pnru.‘nd. San coast Francisco, and other w points. T8% | re 91% | dozen. creased receipts of fresh eggs have sulted in a decrease of 2 cents a Market on storage eggs con- fow), ‘each, 40a70. Dressed poultry— Turkeys, 45a52; old toms, 40a42; poor an crooked breasts, 35. young chickens, 21-2!:‘:;!!“.“6 mixed, 25226 a18; old rooster: 25830; eue, Hado: Sea0; gs—Loss oft; native and rb; firate, dox, 48; southern, 46. | 7 Butter—Creamery; 5 ducke, fancy, 1b., 5a nearby creumery. i _prints, , 35 rolls, 33a35: store :l’:;’ prints, 34a3j; pro- PENNSYLVANIA RAILROAD EARNINGS SHOW GAIN PHILADELPHIA, December 30.—The ad the consignment been | Pennsylvania Raflroad Company for the shipped by rail it would have required month of November shows 2 gain of 118 frieght cars. Some of the fruit is evidently intended for reshipment to European countries, department reported, but much of it will be so0ld in New !gk. The total exportation of appl form the United States and this season up to Decemeber 16, was ,000,800 barrels and 1 00 boxes, the announcement said, NEW EXCHANGE RULE. NEW YORK, committes on commigsions of the New | an increase of York Stock Exchange has fixed com- Operati: missions on all stocks selling for less | loss of cents | enue $103,394,912, an net operati: than $1 and not’less than 60 at 3 cents per share. On stocks sell- ing for less than 80 cents the com- mission may be one mutually agreed ¥ the market | enues o $6.825,938 in its rallway operating rev- r 1921. The figures for the riod were $59.410,370. Rallw; t- expenses were m.m,xo:.y z‘:’:‘?n- creass of $7,321.388 over the same o ot operailng. revenue from rail o ue Tal rations 'IF 411,266, & d.cruu'.o’! 450 from the previous year. Net uplrlflfi income was $5.886.402, a de- f“nx $1,184,069, as contrasted with From January 1 to November 30 rail- December 30.—The | way operating revenue was §383,907,548, $21,041,681 over expenses were $435.512,1 10,049,021; net operatl, . 603, and income of $67,- BLE, & Of $35,431,839, asiedd wifh the ua-?- perioa of Tast 1921, 634, rev- 090, - t! ;| bi 1AL 600D WILL BEING TURNEDNTO CASH Many Big Corporations Are Adopting New Policy, Which Aids Stockholders. BY J. C. ROYLE. Spacial Dispatehr to The Star. NEW YORK. December 30.—Nobody discounts good will and particularly At this season of the yegr, but scores ©of companies are determined to own their own. In other words they are turning the asset of good will as car ried on their books into cash—buying it from themselves. The lead was taken by the F. W. Woolworth Com- pany, whose directors approved an apptopriation of $20,000,000 of the company’'s profit and loss surplus to be applied to the reduction of good will, which it estimated recently at $50.000,000. The company plans to amotrize this good will until such time as the intangible value has been turned into tang!ble assets or dollars This present move wiil leave $18.000. 000 as intangible good will assets of the Woolworth Company, as $12,000 - 000 under this head consists of least- holds. Other companies are following the Wooiwerth example. Some are add- ing to their own good will assets by turning their employes into stock- holders. Standard Of of New Jerses employes are watching the end of the year quotations closely, for they have the right to subscribe for the com- mon stock of the company at a price determined by the averags selling iprice of the company's stock during the last three months of the year Trustees Fix the Price. ‘Trustees fix the price at not mo:s than average, and not less than 10 pe cent below average, for the last thres monthe, and employes have the right to subscribe 20 per cent of their sala ries for such purchases, with the company adding 50 cents for each dollar so subscribed. Scores of other companies are bu: ing back their good will, or whn amounts to the same thing. under a: other name, the loyalty of their em- ployes. The New York Telephonr Company will accept only such emn- ployes 28 pavehological ~ tests wi' prove loyal. The American Smeltinz and Refining Company ‘makes similx: discrimination in selecting its officers workers and executives. Loyalty is an asset. but labor turnover is a lis- and manufaclurers and large employers are firm in the policy of eliminating the one and adding to the other. Heavy Storks ef Cetton. Less than 300,000 bales of cotton, ¢ clusive of that in transit, remalns jn the interior of Texas. Stocks at Galveston. Houston and other ports ere not ir- cluded. Good news waa brought to the wool market by announcement that the Southwestern Wool Growers' Assocta- tion gtill had 265,000 pounds of woo! and mohair for sale. About 135000 pounds =old by the assoclation brought Prices of from 3¢ to 51 cents a pound for wool and 60 to 75 cents for mohair, Tt is expected by ofl men that the Standard Ofl Company of New Jersex n carrying out Its contract with tne United States Shipping Board to fur- nish ten million barrels of fuel ofl in 1923 will draw the larger part of this supp'y from California. Buflding Still Boeming. In some sections of building contractors Aar neceskary to pay & commi the 6% interest charges on loans to finanee buflding operations. but in other sections funds for home-build- ing operations are readily available without commiesion charges. In Chi- cago it is estimated that December has been the biggest building month the city has ever seen. Expenditures for the year increased about $220.000.- o n. The Georgia department of agri- culture. which purchases calcium arsenate for all the farmers of the state with which to fight boll weevil und which resells it to planters at cost. has made no movement toward contracting for the season's supply because of the charge that the mar- ket has been manipulated or cornered. Reports that & large amount of cot- ton for export had been bought through the Co-operative Cotton Growers' Association could not be verified. but are firmly believed by planters. Conyright, 1922.) CONTESTS FOREIGN * SHIP LINE SUITS Brief Filed Citing Companies Fail to Show 1. S. Con- sented to Proceedings. The fcderal government, in a brief filed in the Supreme Court today. held that the appeals of the foreign steam- ship lines against the recent prohibi- tion decision of Judge Hand, at New York, had failed to show that the United States had consented to be sued, and that the cases could no! therefore be prosecuted. The government also insisted that the court did not have jurisdictign for the further reasons that the appeals “do not present & cause of action in equity under the Constitution of the United Btates,” and “does n.t disclose a cause of action equitable In its na- Lure, civil in {ts character and arising under the Constitution of the United State It 0 was declared In the brief that the facts alleged in the appeals arc insufcient to constitute a valid cause of mction in equity, and that the steamship companies have a complete remedy at law, ich they should fol- Jow rather than the course they have pursued. . ONE KILLED, 2 WOUNDED IN FIGHT AFTER PARTY Shooting of Schoolgirl Btarts Bat- tle—Policeman Dead—Assail- ant May Die. By the Associated Press. CHICAGO, December 30.—One of three men early today shot & high schoolgir] as she was en route efrom a school entertainment, killed a po- ticeman and in turn was shot and probably fatally wounded by another patrolmsn. The girl, Miss Minnie Finkelsteln, seventeen, was shot through the h_:_:. Her wound wa not serious. e dead officer wa Willlam J. O'Malley, a probationary policemat n. Miss Finkelstein said the three men accosted her and another girl, who were walking with her brother and another high school student. When she protested one of the men began firin, istol, all three running when he r 1l. Patrolman O'Malley. ooting, dashed up, only ee times. His partner the gunman, At a hospital the wounded man re- fused to identify himself. ’