Evening Star Newspaper, January 7, 1923, Page 28

Wigh. Low. Div. Rate. 10— 83 123 f68 1183 fo15¢ {808 (425 19234 49 1 7615 113% 1244 31 313 12235 o215 1405 14254 | 603 166'< "56% 39 535 179 82 104 12454 2 12455 12435 u7 153 1044 355 ‘34 134 8645 % [T 1185 151% 3y 4 823¢ ) 1034 5% 904 55% 3% 2% 5% 315 315 321 9334 141 5 43¢ 3334 126 105 E ki 2534 28 102 82 IIIIl....I..l.. Sa ' Columbla Gas. FINANCIAL." Week’s Price Range New York Stock Exchange Adams Bxpre Adv Rumley Air Reduction.. Ajax Rubber. Alljed Chemical Allis-Chalmers. Am Agri Chemical. Am Ag Chemical pt. Am Beet Sugar... Am Bosch Magneto. Am Can.. . Am Can pf. Am Car & Fdy. Am Chicle Co.. Am Cotton O11. Am Cotton Oll ptf. Am Druggist Syn. Am Hide & Loa pf.. Am Ice ¥ Am Linseed. . Am Locometive.. Am Radiator. Am Safety Ragor. Am Ship & Com. Am Smelting. .. Am Smelting pf.. Am Steel Foundry. Am Sugar.... Am Sumatra. Am Tel & Tel. Am Tobacco. . Am Tobacco (B) Am Tobacco pf (n). Am Wa Wks 6% pf.. Am Woolen.... Am Writing Ppr pf, Am Zinc Anacond: Asso Dry Goods... Atchison.. Atlantic Gulf... Atlantic Gulf pf. Atlantic Refg. Atlas Tack. Austin Nichols Baldwin Loco. Balto & Ohlo Balto & Ohio ple...r Barnesdall (A). Barnsdall B.. Beech-Nut Packg.. Beth Steel.. Beth Steel (B) Booth Fisherles. Brooklyn Edison. Bklyn Rapld Tran.. Brooklyn R T ctft Bklyn Union Gas. Burns Bres A.. Burns Bros B. Butte Copper & Z Butte & Superior. Calif Petrel. Calif Petrol pf. Callahan Zinc & Ld. Canadian Pacific. Case (JD pf.... Central Leather. Central Lea pf. Cerro de Pasco. Chandler Motors. Ches & Ohlo.. Ch] & Eastn TIl. Ch! East&n Il pf. Chi Gt Western. Chl Gt Western p! Chi Mi1 & St Paul. ChiMil & StP pt Chi'& Northwn. Chi & Northwn pf. Chi Pneu Tool.. Chi R1& Pacific, ChiRI&P 6% pf. ChiR1&P 7% pf. Chile Copper Chino Copper. Cluett Peabody. Coca-Cola. ... Colo Fuel & Iron Colo & Southern, . Comp Tabulator Consol Cigar. Consol Gas. Cons Gas w i ContCanwi Corn Products. Crucible Steel pf. Cuban Am Sugar... Cuba Cane Sugar. Cuba Cane Sug pf. Del & Hudson. Del Lack & West... Detroit Edison... Dome Mines. ... Du Pont (B 1). Eastman Kodak. Elec Storage Bat. Elk Horn Cosl Endleott Johnso: Erie Rallroad.. Erle 1st pf. Erle 2nd pf. Famous Players Fed Mines & 8 pf. Fifth Ave. Fisher Body Fisher Body of O pf Fisk Rubber. Freeport Texa: . Gen Am Tank Corp. Gen Asphalt.. Gen Asphalt pf. Gen Cligar Co. Gen Electric. Gen Motors. Gen Mot 6% del Gen Mot 7% del Glidden Co. Goodrich (BF). Granby Congol Gray & Davis. Great Northern pi Great Northn Ore. Guilf States Steel Hendee Mfg Houston Oll. Hudson Motor Car. Tilinois Central... Illinois Central pf. Inspiration..... Inter Agri Chm pf. Inter Cement... Int Comb Eng. Inter Harvester, Iater Marine. Inter Marine pf. Inter Nial 1Int Nickel p. Inter Paper. Invineible Oll. Iron Products. Jowel ToRase seruaad = 113} 1484 43 10% 33 2% 4 8% 3% 815 10 024 Week .nllz:‘-llulry 6, 1083 lvt- Laat. Cng. 70 + 3%} B+ ¥ 5844 13 . 6% — 254 8 +2% 80% — 6135 + 254 8 + 14 3914’ 2% 8036 + 3% nz +2 1801 — 1% 6 —~ 8%+ % 3%+ 4 65+ % M2+ 14 125 + 2% 67 +2 105 254 — 1% 3036 + M 125% — 2% 83 65— % 20%+ % 13}6' 58 1% + U5 a8 — 14 6375 — 2% 101% = 1 895+ X% 114 ¥ 25+ 1 17+ 1% 1333 — 5% A3+ % 605 + 134 ¢ 1134 — 12415 — 2145 07% + % 43% + 134 1215 + 14 0434 + 5% 58— 1% 20 + % 9174 — 2% 5+ 15 165+ 245 u%+ y 893 — 134 914+ 255 9 — 134 205 — 43 [ 1334+ 54 0% - 3% 6% —2 483 — 2% 80 8 +1 1815 — 3¢ Wi+ i 8415+ 3¢ 0735+ 3 134 + 1% B4 — 3% 8%+ % 13 $ ¥ B+ % 3135 + i _1;2 19 ¥ 70 84— 1 25 - 5 +Ty uAs- 34 s+ % ‘34128 - 187 . 8 ,Woglwatth:,, 4 -1 RUARU TR i, J768: - 543¢ 305 485 B33 19 3954 2435 3534 B 5% 8% 14475 617 o415 813§ 3% 0 5034 76 151 —- %1 % 2 Ex d:udud, g wux muxmt,munu e Last. Org. T 7&56 1W+29( 83, 50 w3 1 3l 0% 493 Dine = Jewel Tea pf. 4 'Jones Bros Tea..... = Xansas City Sou. = Kayser Jultus. = Kelly-Springfield.. 61 . 6 Kelsey Whoel. 25} '3 Kennecott Copper. 43{ — < Keystone Tire. 284 "2 Lee Rubber.. 5834350 Lehigh Valley. 52 4 Lima Locomotiv 11~ LoewsInc.. 18 7 Louls & Nash.... 2515 4 Mack Trucks....... 68}5 7 Mack Trucks 1st’pf.. | 54 7 Mack Trucks 2d pf. = Magma Coppe = Mallinson..... . 3 Manhattan Shirt... 6 Market St Ry.pfior. = Market St Ry pf.... 4 Mariagd ol . 2 erun-\Plrry ~ Mariin-Rockweil.- = Mathleson. Alkall 41){ — Maxwe]l Motors A.. 11— Maxwell Motors B.. 655 8- May Dept Stores. 1065 16 Mexican Pete...... 14}4 - 2 Mexican Seaboard. 12 2 Mexican Seabd ctfs. 25 2. Miam Copper.. 11 120 Middle States O 2~ Midvale Steel.. 7§ — MoKan& Texwi. 24*5 ~ MoKan&Tpfwi.. 5)3 — Mo Pacific. = Mo Pacific pf. 3 Montana Fower, ~ Montgry Ward. 16 Nash Motors. ~— Natl Acme. 3 Nati Biscult — Natl Cloak & Sult 8’ Nati Ensmeling. 8 NatlLead..... = Nevada Copper.. 6 NO Tex & Mex.. 3835 17 34 34 453 . 3104 1005 ang Zg0 373 — 1% 4% -3 6814 — 254 a5 24 — 2% 2076+ 134 10 % 50 + 2% 53+ 4§ W +% o84+ % % +2 1686 — 24 LR+ ¥4 2% us— % 8%+ % 13%— % ag—1 164+ 2% @5- % 60% — ¢ 2215 %0 135 — 9 +1 625 + 1% 6515 — 1% 126 —2 13%+ % 86 + 14 2% +1% 9% — 3 82 + 14 2%+ % 204 - % 2%+ % - 3% 108 -2 B+ 4 1735~ 14 85+ 4 B’E+ % 81 —4 a7 +1 8534 — 54 7904 — 44 18% - 1% 4655 — 1 934 8+ 1% 0 +1 2+ 3 8 1 Bh+ 34 32 41 45+ 15 424 + 5% 5545 — 134 59 —1 35 §-40 + X 03 - 1% %= 85 48% — 1% W2 205 2015 534 2 b 1% B4%4 2414 35 5185 20 250 N Y Dock.. ! 5 NYC&StL... . 185 3 9863 4y 2 N Y Ontario & W. 7 Norfolk & Westrn., 5 North American. 78%{ b5 Northern Pacific. 123§ — Orpheum Circuit. 6 = OtisSteel.... 241§ 2 Owens Bottle...... 622 6 Pacific Gas & Elec.. 423 3 Pacificofl... 4874 8 Pan Am Petrol..... 41 8 Pan Am Petrol (B). 1§ — Parrish & Bing xm 3 Pennsylvania. 593§ 19 2 Phillips Petroleum. 8 = Plerce Arrow... 7§ — Plerce Arrow pt. 3% — PlerceOll.. 2 =, Plerce Ol pf... 30 4 Piggly Wiggly.. 5 — PittsCoal.. 2B = Pitts & West V: 143{150 Pond Creek Cosl. 665 § Postum Cereal.. 63 Pressed Steel Car... 245 Producers &Refin.. 6 Public Service N J.. 10524 Puyliman Co.. 130 465 — 1% 29 Y HEE + 1% Wi+ 4% 7735 — 1% .52 - 1% ‘B.- % 334 414 28 +4 49+ 1 2215 Reading Ist pf. ‘Reading 2nd pf. Remington Typ Replogle Steel. Rep Iron & Steel. Reynolds Spring..... ReynoldsR J (B)... Royal Duteh....... St L & San Fran.... StL& San Fran pf. St L Southwestern. 8t L Southwn pt. Sears Roebuck. Shell Trans & Trad. Stinclatr Cansol, Sloss-ShefMeld. Southern Pacifie.... Southern Rallway.. Soythern Ry pt. Spicer Mfg. . Standard Oll of Cal. w11 l.:.;.lmn!..-ll 2~ % ® = 14 20 % 1213 nex — 15 NI wi. 04— % Steel & Tubept. ... 073 +1214 Bterling Produycts. . 8l - 1% Stewart Warner 80} + 134 Stromberg Carb. 6314 —-255 Studebaker 114} — 2% Tennessee Cop. 105 + 135 TexasCo.... i Ans- ¥ Texas Gult S\llphur 30)5 ~ 114 Texas & Pacific. . W%+ 2% Texas Pac C & O 0%~ % Third Avenus. 16 + % ‘Tide Water Oll. 120 — 44 Timken Bearings. . 3435+ 1§ Tob'Products. . 53¢ ~ 3% Tobaceo Prod A = Mol St L & Wn pt. ‘Transodntinental Union Pacific. Union Pacific pf. United Drug... United Fruit. United Ry Invat. United Ry Inv pt. United Retall Strs., U S Cast Iron Pipe. U 8 Cast Ir Pipe pt. U S Ind Aleohol 56 - X 18%— 3% 1873 — 134 WL+ % 80 .+ 14 138 -2 135 -1 206 + 134 7635 + 3% 30 4+ 4 2%+ 1 :gl(;?!‘ 494 588 — 3 -108% — 122% + K )‘— mi4+ 38% + 134 Tteh Copper. Utah Bec Corp. Vanadlum Corp.,.. %% = Worthlagtol Pump- 04 - 826 M+ % o435 + 2% | 82y — 24 | Weekly Bond Summary FOREIGN GOVERNMENT, STATE AND MUNICIPAL. " Ciove. Bigh. Low. Tast. Arsentine 7s 1927 101 100% 101 w % Chinese Govt Ry bs 1951 Copenhagen. pi¢s 1944 Czechoslovakia 8s 1951. Denmark 85 1945 Denmark 68 1942 French Govt 7%s 1941 Japanese 1st 48 1925, Japanese 2d 4%s 1925 Japanese 4s 1931 Lyons 68 1934. Marseilles 65 1934. Mexico 58 1954. Mexico 45 1 Netherlands Norway 8s.1940 Queensland 7s 1941 Queensland 6s 1947 Rio de Janeiro 8s 1946 Sao Paulo, State of, §s 1936. Seine, Dept of. 7s..... veden 68 1939. viss Confed s f 8s 1940. United Kingdom 548 1929 United Kingdom 5%s 1937 INDUSTRIAL AND MISCELLANEOUS, Amer Agri Chemlical 714s 1941.. 103 Amer Smelt & Ref 1st 58 1947 Amer Sugar Refining 6s 1937, Amer Tel & Tel ¢l tr bs 1946. Amer Tel & Tel cl tr 48 1929, Anton Jergens ev 65 194 86% 106% 118% m 103% 103% 92 108% 9% 2% 80% Atlantic Refining deb 68 195 Bell Tel Pu 78 1945 Bethlchem Steel p m 5s 1936. Bethlehem Brooklyn E Central Leather bs 1925, Cerro de Pasco 8s 1931, Chile Copper Chile Copper 78 Cons Coal (Md) 1st ref 55 1950. .. 4 Cuba Cane Sug ov deb §s 1930. Detroit Edison ref 6s 1940. Du Pont de Nem 7% Duquesne Light 7i%s Empire Fuel & Gas 714s 1 Framerican Ind Dev 7l4s 1942, General Electric deb 58 1952 Goodrich (B F) 6148 1947 Goodyear Tire 85 1931 Goodyear Tire 8s 1941 4 Holland-American s £ s Inter Mer Marine 6s Inter Paper 68 B 194 Kelly-Springfield 8s Lackawanna Steel bs 19, Liggett & Myers 55 1951. Manati Sugar s f Ti%s 194 Mich State Telephone 55 1924. Midvale Steel 58 1936. YGasELH& P 581948 % New York Tel 6s 1941. New York Tel 414s 1839. r American Edison 6s 19 rthwest Bell Tel 75 1941. Pacific Gas & Elec 55 1942, Pacific Tel & Tel 53 1952 % Philadelphia Co ref 6s 1944 Public Service s 1959. Sinclair Ol 7s 1937 Sinclair Crude Oil 5%s 1 South Porto Rico Sugar 7s 1941. Standard Ol of Calif 78 1931. Union Bag & Paper 68 D. Inited Drug cv s 1941. S Rubber 18t & re! 58 1947 930 Wilson & Co st 65 1941 5 Wilson & Co ev 7 RAJLRO Atchison gen 4s 19 Balto & Ohio ref 5s 1995 B&OPIUSLE& W V B & O Southwn div 3 Brooklyn Rap Tran Brooklyn Rap Tr 78 Canadian Northern 6148 1946 Canadian Pacific deb 4s % Central Pacific 4s 1949 Chesapeake & Ohio cv apeake & Ohlo gn 4128 1 Ch cago & Alton 38 1949 Chi B & Quincy 1st ref 68 Chi & Eastern 11l gen 6a 1951 Chl Great Weptern 4s 1959. Chi M & St Paul ref 4138 2014. Chi M & St Paul cv bs 2014 Chi M & St Paul cv 414s 1933, .. Chi M & St Paul gen 4%s 1989, Chi & Northwestern 6158 1936 Chicago Railways 58 1927. Chi R I & Pacific ref 4s 1934. Chi Union Station 4148 1964 Chi Union Station 6348 1963. Chi & Western Ind con 4s 1952 CCC&StLref 65 A 1929, Cleveland Term 51;s 19 Colorado & Southern 4%s 1935 Cuba R R s 1952... % Delaware & Hudson 58 1937 Den & Rio Grande 1st ref 5s 1956. Detroit United 4'5s 1932 Erie 1st con s 1996 Erie gon lien 45 1996 Erle ov 45 A 1953. Grand Trunk s f deb Grand Trunk 7s 1940 Great Northern gen 7s 1836 4 Great Northern gen 548 1952...102% Hudson & Manhattan ref 5s 1957 4% Hudson & Manhattan adj 6s 1987 6l%s 1llinols Central bl4s 1934. Inter Rapid Transit a8 Kansas City Bouthern 6s 1850. 8% Lake Shore 4s 1928, Lake Shore 45 1931 § §ogaeg sgsge I La & N W ref 58 1935. Market St Ry con 5s 19: Mil Elec Ry & Lt 1st ref b 5 MStP&SSM 6%s 1931 Mo Kan & Tex 1st 4s 19 Mo Kan & Tex pr In 68 A Mo Kan & Tex adj Gs 1967. Missouri Pacific 65 1949 Missouri Pacific gen 4 398 - & New York Cent ref imp ba 2013 NYNH& H cv deb 6s 1948, N Y West & Boston 4148 1994 Norfolk & Western con 48 1996, Norfolk & W rn cv 68 192! Northern Pacific 3s 1947 Northern Pacific 48 1997 Northern Pacific ret imp 88 2047. 109 9% Northern Pacific ref imp bs 3047 Mfi 8“ Short Line gtd bs 1946 282 8’5 Pere Marquette Reading gen 4s 1997.. Rio Grande We sens cit 4e 1949, . St L & San Fran ad Seaboard Air Line ref Seaboard Afr Line adj UK NG A% — K] ‘Western Maryland ‘Western Pacific 5s 194 Webt Shors 1st 48 3361 STEEL VERY FIRM ASNEW YEAROPENS|... Copper Steady, Tin Irregular and Lead Strong During Past Week. By the Assoclated Press. NEW YORK, January 6—The steel market during the first week of the new year has developed a very firm undertone. Prices, while somewhat irregular, show a strong upward tendency and the placing of large orders for forward dellvery by big consumers is taken as strong evi- dence of confidence in the future. Pig jiron is also firm with a good demand and in some quarters higher prices are being asked. Copper Market Quict. Copper been quiet but generally steady. Domestic consumers appear to have covered the bulk of their fmmediate requirements. Owing partly to the unsettled foreign ex- change market and the uncertainties of the European political situation exporters also have shown less in- terest. The effect of Jast month's large purchases has been reflected in an absence of selling pressure, however, and producers are generally firm at 14%c with some asking slight advances for forward deliveries. Tin was irregular due to the un- promising European political situa- tion and the decline in London. Con- sumers have shown an interest in prompt metal, but none in futures. Lead in Strong Position. Lead was in a strong position with outslde market held above the price quoted by the leading producer. For- ward bookings are large and the trade outlook is satlsfactory. Zino ruled steady with a good do- mestic inquiry and some Buropean demand for prompt shipment. Anttmony firm with a better in- quiry from oonsumers chiefly for future dellvery. —— BALTIMORE PRODUCE. BALTIMORE, January 6 (Special).— General receipts of dressed poultry have been only fair since the holldays and with a good demand prevailing values hold firm and daily offerings of desirable stock are kept closely cleaned up at 45 and 46 a pound for choice to fancy turkeys, 42 to 44 for fair to good, 36 to 38 for old toms, but poor and crooked breasts will not bring any more dressed than live, 30 cents. Cholce young chickens are active at 27 and 28, and old and mix- ed in fairly good demand. at 26 and 27; choice to fancy ducks and nearby geese, selling good at 25 to 30, right good inquiry for large fat capons, six to seven pounds and over, at 40 to 45; medium, 35 to 40, and small slips, 30 Receipts of desirable live poultry have been only moderate with demand active especially for large fat young chickens suitable for baking, also medium fat broilers and fat old hens. The general market rules firmer at 27 and 28 for springers and 20 to 25 for poor thin stags and le horns, old hens. 24 to 27, and 20 to for small and leghorns; old roosters | plentiful, at 16 and 17. The market} rules firm on ducks, but easy on geese, as 20 to 27, with.Kent lsland geese bringing top prices. Fair ac- tivity is noted on pigeons and guinea fowl at 30 to 35 a pair and the former and 40 to 45 each for the latter. With the exception of heavy old toms the market fules firm on tyrkeys under moderate receipts and a good de- mahd which keeps all desirable stock young gobblers and choice hens, 35 for old toms and 30 for peor and crooked breasts. Receipts of native and mnearby | strictly fresh eggs have been more! liberal during the week. byt with the demand keeping pace with dally sup- plles the market rules steady at 48 cents a dozen for firsts and 48 for average receipts. With ample re- ceipts for all trade wants the white potato market rules easy under only a fair movement at to 1.25 per 100 pounds for No. 1 stock and mostly half prices for 2s. Sweets and yams are runing heavy and with a demand only fair on both lines, the market rules easy at 130 to 2.25 per bbl. for the former and 2.00 to 2.50 for the latter. Bushel stock sweets sell at 50 to 75 and yams, 65 to 90. Native and nearby garden truck plentiful and | mostly in buyers' favor at the follow- ing quotations: Beets, 75 to §5 bushel: brocoll and kale, 36 to 40 bushel radish, 3.00 to 3.00 per ! 100 pounds, and 1.50 to 2.00 for N { parsnips, 1.20 to 1.25 bushel: spinach, 75 to 1.00 bushel, and turnips, 60 to 70 bushel. | Demand for apples only moderate and with receipls ample. the market | rules easy at 3.50 o 5.00 per bbl. for| No. 1 packed stock and 2.00 te 2.50 ! for No. 2s; bushel stock selling 50 fo 150 and ioose, 1.40 to 1.65 per 100 pounds £nd 40 to 50 per -8 11sket. | EX-DIVIDEND TABLE. Jan, R Bush Terminal. a- Bush Terminal pf. & Taternational Paper ot a. to 4.00 bushel; American Tee, a. American_ 1" pf Commonwealth Power pf. q Du_Pont de Nemours deb, q. Jan. 11— 1L oa.. & Lake Pirtsburgh Jan. Sterling Producte, British Emp. Steel R. H. Macy pf. q. Jan. 15— Allied’ Chemical & Dye. q. Atlantic_Refiniag pf, q Austin Nichols pf. q. iChicago Pneu. Tool, Famoon Plasers.Latky. Loulaville & Ni Moon Motor G r Car, Noon Mtor Ca Pere Marquetta 5% pf. 3 Pere Marquette 5% Pere Marquette 5% pf. HARDING WILL MANAGE BOSTON RESERVE BANK By the Associated Press. BOSTON, January 6.—The appoint- ment of William P. G. Harding, for- mer governor of the Federal Reserve Board, as governor of the Federal Re- serve Bank of Boston, was announced by the directors today: He will as- sume his duties within & few weeks. He succeeds Charles A. Morss, gov- lernor for the past five years, who asked to be retired because of his bueiness interests. 3 —_— FOREIGN BONDS SLUMP. NEW YORK, January 6.—Extensive alling of foriegn bonds, particularly Fri and Belgian isayes, 4 "conslderable Irregularity in s bond selling, with United States government issues showing moderate improvement and the rest of the list developing a reactionary tone. Losses of 1 to 1% points were reg- istered by the French Tls and & and the Belgian 738, with fractional ncenlnns | e othér. active issues. nment d Fu ot rp-l eox'x:- onb?io: ‘Total sales (par value), $7,005,000. were ¢ clasely cleaned up at 40 to 45 for iI]URANT MOTORS LEAD FINANCIAL. The Year 1923 to Date on the Washington Stock Exchange. Up to and including January 6, 1925, Furnished by W. B, Hibbs & Co., Hibbs Building, BONDS. Open. High. 22, 000—(‘lp!lll Traction 1st bs. 2,600—Georgetown Gas ngm 1st 6s. 69,000—Pot. Elec. Power 1st § 7,000—Pot. Elec, Power Cons. 400—P. E. P. gen. mort. 7s 3500—Pot. Elec. Power gen. 00 Wash. Gas Light gen. 800 ‘ash. Ry. and Elec. cons, 2.000—“ uhA Gas 7% Shares. ES TOC! 45—Capital Traction 23—Washington Gas 10—Wash. Ry. and Elec. com 140—Wash. Ry. and Elec. pfd. 20—Riggs National Bank 10—Union Trust 7 28—Mergenthaler Linotype . 13—Lanston Monotype .. UNLISTED DEPARTMENT. These securities mot listed under exchange rules: Shares. STOCK. High. 12—District Title Insurance. 1 Munsey Trust Co. Washington Title I RANGE OF MARKET AVERAGES The following chart shows graphically the action of forty tepre- #entative stocks dealt in on the New York Stock Exchange. The period covered {s the past mcuth, up to and including the close of the market Friday, January & activity of the market. DECEMBER 6.7 8 9 11 1213 1 E AN- 1516 18 10 20 2t —~J 2027282030 2 3 45 8 = £ ) {3vos =S S7IVvY HO. ° bl o =3 2 3 L2 [ o x® ~——=SCALE FOR INDUSTRIALS —— 0w & MILLION SHARES SIYHS NOITIR (Copyeight, 122, by W. F. Meyer.) Industrials, 1921. - §1:30. December, 18| High . 6390, August 24 Rails, 1921, rials, 1922 103.43, October 14 75.59, January 10 Rails, 1022, . 93.99, September 1 . 6352, June 3 Low.. . 73.43, January 9 Twenty Industrial Commmon Stocks Used Are: Am Sugar Central Leather Rep Iron & Steel Am Tel & Tel Corn Products Studebaker Anszconda Gen Electric Texas Company Baldwin Loco rich '8 Rubber Twenty Rallread C. m Stecks Used Are: © 3 & St Paul Del & Hudson S'E R 3 High. Low Am Can Am Car & oy Am Locomotive Am Emelting Ttah Copper Westinghouse Western Unios Atchison Baitimore & Ohio Canadian Py Ches & Oblo Reading ew n Bouthern Pacific ¢ Louis & Norfolk & Westers Southern Rws XY Ceotral Pennssivania Uslon Pacific Mevement of Averages: Erie Tilizols Central Daily Tndustrt Tadustrials. . Wequesdar Close Testerdar. Yie 1 *98.90 *98.34 Liberty 3¥is. iberty 2d Liberty Ist % Liberty 2d 4%s Liberty 3d 414s Liberty 4th 434s. Victory 434s... United States 4%s * Closing bid. 01.86 95.86 10098 10002 100.16 98.90 f‘smcK GAINS WIPED 0UT BY WEEK-END SELLING Fears Over Europe Cause Irregu- larity in Wall Street List. WEEK'S CURB TRADING | Peerless Also Very Active—Stand- | ard Qils Well Main- tained. i By the Ascociated Press NEW YORK, January 6.—The #rst week of the new year began with ris- ing prices in stocks and many com- but these gains - were Br the Assoclated Prees. NEW TORK, January 6.—Durant Motors was the most important fea- ture of the market during the past|ing pr eei : sell 5%, a | modities, week, which, after sel m:; At 7ou, e pHISdities - bub . thesy guing new high record, was under Pressure. | reaction resulting from speculative but accumulation was resumed, and |fears that the British-French dis- during the week it ranged from 70 |aBTeement over reparations may leal to 75%, coming back to its previous to more serious trouble. While financial community apparently shov high level. Durant Motors of In- diana at the same time rose from no alarm over the situation. profc sional interests are not inclined to 19'2 to above 22. The movement in materially extend their commitments the Delaware corporation stock was |Pending more definite developments attributed to knowledge of heavy The domestic situation, howevey, 5 cRpad ¥ lencouraging. Steel production co! Hudson Manhattan issues also de- manded special attention, the com- mon stock moving up from 10% to 113 and the preferred ranging from 43 to 46. Hudson Company preferred rose from 15 to 16%. Peerless Motor, after advancing to elded to 74 and was one of the weak featyres. but recovered a ®ood part of the loss on a rally yes- terday. Cleveland Auto was traded in at 31 to 33, and the preferred stock sold at 86 to 90. Fleischmann Com- any common, when issued. was raded in at the last half of the week at 307 to 33%. Armour & Co. pre- ferred was traded In at §9. Gillette Safety Razor rose from 259 to 265. Standard Oil stocks were well maintained, some of those issues making substantial gains. COTTON OIL MILLS CLOSE. Five Plants in South Hit by Seed Supply Shortage. ATLANTA, Ga.. January 6.—Local representatives of the American Cot- ton Oil Company, attributed curtafl- ment of that company's operations in this territory, rcported in New York dispatches, to the light cotton crop. The short production of that staple, it was said, made the supply of cot- tonseed insufficient to keep all the company's mills busy. Ernest T. Allen, southeastern man- is unysually heavy, holiday busi was better than 'usual and m manufacturing lines report a volume of new orders. Failures ing the first week of the year w approxmately 10 per cent less tha those of the corresponding pericd vear ago. RETAIL BUSINESS NOW IN SEASONAL SLUMP. Retail business has shown its usui! seasonal slump following Christmas with & decrease of 30 per cent to 41 per cent in debits to individual bank accounts; but holiday commodity movements were well maintained, xc cording to such preliminary figures as have been received by the Depart ment of Commerce. December sales of mall order houses and department stores were excep- tionally large. Montgomery Ward's) sales in December amounted in ¢aluch to $11,629,000, compared with $7 000 tn’ December, 1921, and with $i0 050.000 in December. 1920. Woo worth’s December sales are estimated at $27,000,000, compared with $24,155 000 in the corresponding month of 1921 and with $21,522,000 in Decem ber. 1920. Coal production has fallen off slight- 1y on account of the holidays. but bituminous output is still in’ excess of 10,000.000 tons per week, Car loadings, though gradually d¢- ager of the company, said the com- pany owned seven plants in the south, two In South Carolina, three in Georgia and one each in Arkansas and Texas, Only two of these will be maintained, he suld, one at Ma- con and one in South Carolina, which was not designated. DIVIDENDS DECLARED. NEW YORK, January 6-—Produc- ers and Refiners today declared in- itial quarterly dividend of §1 pay- able March 15 on stock of record March 1. Els;rmng: of“colins:;ln) for 2, were | {.'r-;e-ezng;duc;c:d"“ iy inet demand deposits, and $10,567.000 PITTSBURGH, January 6.—Ohio]in time deposits’ Aggregute reserve Fuel Company declared a dividend of | totaled $497.742.000, making a deficit 50 cents payable January 20 on stock | in reserve of $37,012,940, as against an of record January 15. Last dividend | excess reserve of $24,943,130 lasy waid 'l?fi cents on May 25. 1918. week. creasing, have not fallen below 900.- 000 cars weekly. —_—e CLEARING HOUSE REPORT. NEW YORK, January 6.—The clear? ing house statement showed de- creases of $31,172.000 in loans: dix- counts and investments, $67.827,000 in the reserve of member bai in the Federal Reserve Bank; $37.746.000 in The lower section of the chart indicates the relative]