Evening Star Newspaper, January 11, 1923, Page 30

- SPECIAL STOCKS IN VIOLENT JUNPS Naéh Motors Leads Whole Market - by - Spectacular Moves—Trend Upward. * FIN BY STUART P. WEST. atch to The Star. E’:;:‘:\F‘:':mx, January 11.—The stock market today was given over largely to @ series of specially moyements. In the industrial lis these"were near- 1y all upward. In the railway section the individual moves were most of them down. Nash Motors jump, openini up e sale 0f,1200 shares, and subsequently continting the advaned ~‘Thfs"ivas duo ‘to an accumulation of ‘Ilu}’lnS orders, influenced hif ‘h‘:nfxll:w;!t“:“: at the compapy is- e e i a market in which-ofterings rere exceedingly scase § it M fostum Cereal was bid up again on talk of a recapitalization plan. The story was that the recent hol ers ould be offered two and a half kv shares for each sjgre of old X move in Beechnut acking was fot down as a pool operation, t rl""E \; back of which was the possibility of a further dividend increase later on. In connection with the advance in Owens Bottle, the street had a rel)j)rl. for which, however, there was no uy!;- firmation whatever, that a stock divi- dend was impending. Other Strong Speclalties. Other strong speclalties inciuded May Department Stores, Assocluted Dry Goods, Public Service of 1 l(‘ Jersey, American Safety Ragor’ an Austin Nu'l\;;l. - Railway shares, S0 frodly -sold while the industrials were moving forward. An overnight drop of six points in Delawape and Hudson gave this section of the market a ‘Ila:¢’ Jolt. The break in D. & l|. rn-ll--(ln.n. the bellef that directors, when they met later in ‘the month, would cut the dividend from the preaur{l‘? |nvr cent. Reason enough for this appre- hension is found in the fact is that the company has not been meeting its fixed charges this year, and, jud, '“'|' by the balance sheet of a T p.‘q which showed an n\xt’esl:l (;; 5" 3.\" ’Usfl liabilities over assets, 1s 0| DOSL>, tion to pay out dividends which have not been earned. The St Paul stocks also were actively sold. Califorpia Pete Active. In lieu of any definite’ information to account for the persistent strength in California Petroleum common stock again today some allt'vnhv‘n Was paid to the rumor that follows ing the payment next month of a stock dividend on California X'ele" 1 way will be made open to Exchdl:g. the shares of the latter for Pan American B stock. This report was given some credence in spite of the fact that any deal between the two companies has been officially denied et_least once. Rumors are being heard regarding a merger of oil companies in which Cosden 15 expected to take a prominent part. This, according to some ex- perts, is the reason for the advans in Cosden to new high ground, but those who might be sald to be speak- ing semi-officially are of the opinion that the earnings position of the stock is the real reason for the movement. The Phillips Petroleum _strength was due to the trapping of a short interest which had~been expecting the company to do some mnew finan ing. Philllps at the present time has authorized a bond lssue of $10,000,000, of which around $3,500,000 is out- standing. The report as the financial district had it was that these bonds would- be called for redemption and that a new issue of probably $15 000,000 would be issued In its place. Outlook in Europe. In all the markets today there was a quiet expression of assurance re- garding the latest developments in European affairs. Sterling exchange rose again sharply. Cotton went higher and the stock market.was de- cidedly strong for most of the indus- trials. To be sure, operations on the stock exchange were suggesti®e of a maximum wool speculation and a minimum of interest the part of vesting _public. Nevertheless, the ssential’ fact was that stocks weré not for sale in any quantity around prevailing prices, and it was quite the perzeption of this which embold- ened the\Wall street clique. Both - Krench francs and French dollar bonds went somewhat lower, but there was no renewal of the heavy selling in progress early in the week. Occupation of the Essen district without disturbances which had been predicted had a favorable influence upon ‘sentiment in banking cireles. The next question is, what is to be he outcome of the present strike threats and whether or not French control.of the Ruhr is going to lead to more than a temporary interrup- tion of productive activity. 1f it does not interfere with German industry, the whole matter of German repa tions ax affecting the markets of t world will be in the same position that #t was prior to the break-off of the Paris conference and the deter- mination of France and Belgium to go it alone. Rallrond Shares’ Weak. The weakness of the St. Pauls fol- lowed the. statements by the presi- dent of the road that there had been another deficit.for 1922;.although .net as large a one as for 1921, and that there was no'hope of-any resumption of dividends. The selling of Dela- ware and Hudson kept on through the afternoon after the president of that company had replled, in answer to a question, that he did not know what the directors would do-abofit’the divi- dend on the 31st. The new high reached 'in Mack Trucks was a result of a highly fa- vorable earnings situation, which it is thought will eventuate in larger dividends later om. . 5, & 0il shares were the features in the last hours. PENNSY PUTS EMBARGD ON GRAIN SHIPMENTS BALTIMORE, January 11.—With its elevators here filed about to cd ity and with nearly 1,000 loaded cars standing on the tracks at Canton, the Pennsylvania Railroad Company yes- terday was forced to lay an embargo on further shipments of grain to this port for”export, except under permit. This embargo. ties up: practicalty -the entire north Atlantic coast to grain movements, as New York, Boston and Philadelphia are already under em- ‘bargo. These ports, however, are open to shipments under permit just as Baltimore is, but to get a permit it is required that the shipper present evi- dence to show that a steamship or steamship space has been engaged and will be ready to receive the grain promptly-on its arrival. If the grain is to be sold f.o.b. seaboard elevator the permit will be issued, provided only the elevator is able to unload and store it promptly on arrival. . There are now in the elevator: over 6,000,000 bushels of grain o ous sorts, including 1,850,000 b of whedt, 1,200,000 bushels of ‘corn 2,400,000 bushels of rye. Exports are moving fairly, well-but reeeipts are coming in faster than they can be handled with the port's reduced ele- vator service. The Western Maryland Raflway Company laid an embargo in the middle of> November, and since that time has only Handled,shipments under the permit system.which' the Pennsylvania has adopted. It has been bringing In from a few to several thousand bushels a day und system, but is not yet -in position to raise the embargo”ahd permit free shipments of graln, had a spectacular 12 points on the o of them, were here vari- “this | Ma; ANCIAL, . 'THE EVENING' S "NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Ajax Rubber Allfed Chemlcal. Allted Chem pf. Allis Chalmers. . .. Am Agr Chemical. Am Bosch. .. Am Brake Shoe. Am Can. Am Can pf. Am Car & Fdy. Am Cotton OIl. Am Druggist Am Express. ., .. Am Hide & Leath. . I Am International. Am La France. Am Logomotive... Am Metals. Am Radiator g Am Safety Razor. . Am Ship & Com. Am Smelting Am Steel Fdy. Am Sugar. . Am Tel & Teleg. Am Tobacco. ... Am Tobacco (B).. Any'W Wks'6% pf. Am Woolen. ...... Am Waolen pf.. Am Writing Pr pf. Am Zivic & Letdi.. Anaconda..i.. 0 Dry Good! Atchisonpt....... Atlanta Bir & Atl. Atlantic Gulf. . Atlantic Gulf pf. Atlantic Ref Austin Nichols Baldwin Loco. Balto & Ohlo. Balto & Ohio p! Barnesdall (A).... Bayuk Bros. d Beechnut Packing Beth Steel.(B). ... Beth Steel 8% pf. Booth Fisheries, Booth Fish 15t pf. Bklyn Rapld Tran Bklyn Rap Tr ctfs Brown Shoe....... Burns Bros (A). Burns Bros (B). Butte Copper. . Butte & Superior. Butterick..... |caddo 0i1 5 Californla Petrol. California Pete pf. lahan Zinc. Canadian Pacific. . Carson Hill Gold Case Plow Works Central Leather. Cerro de Pasco. Chandler Motor. {Chesap'ke & Ohlo. {Ches & Ohio pf w i Chi & EastIll..... Chiireat Westrn. Chl Great W pf.... ChiMil & St P..... Chi Mil & StP pt.. ©ai Pheumat Tool. «'hi R 1 & Pacific Chile Copper. Chino Copper. Cluett Peabody. Loca-Cola. Quvea-Cola pf. Colo Fuel... Colo & Southern Cofo & Southrn 2d. Columbia Gas. . Columbla Graph Columbia Graph pt Comp Tabulator. Cons Cigar. ... Cons Cigar pf..... Cons Gasof N X... Consol Gas new... . Cons Textile. Cont Can. . Cont Can w1. Continental M Corn Products Cosden & Co. . Cosden pf. . Crucfble Steel...... Cuban-Am Sugar. Cuban Am Sug pf. Cuba Cane Sugar.. Cuba Cane S pf. Davidson Chem. .. Del & Hudson. Del Lack & Wstn. Detroit Edison. ... Dome Mines. Dupont (E ) Eastman Kodak Electric Stor Bat.. Elk Horn Coal Endicott-Johnson. Endicott-John pf. . Emerson-Brant pf Erelstpf.... Erie 2d pf. 8 Exchange Buffet.. Famous Players. . Famous Players pt Fed Mines & Spf.. Fifth Ave Bus w i.. Fisher Body. . Fisher B of O pf. Fisk Rubber Freeport Texas. Gen Am Tank pf. Gen Asphait. . Gen Baking. . Gen Clgar. Gen Cigar pf Gen Electrl Fep Elec spl Gen Motors. Gen Motors pf. Gen Mot 79 deb. Gimbel Bro: Glidden..... Goldwin Corp. Goodrich. Gray & Davis: Great Nerthern pf. Great Nor Ore. . Greene-Cananea. . Gulf Mo & Nor pf.. Guif States Steel. . Gulf States 1st pf. Hartman Corp Houston Oil. .. Hudson Mators. Hupp Motors. . Hydraulic Steel. Indiahoma. . Inspiration. Interborough. Interborough pf. Int Cement. Int Combustion Int & Grt.Northn, Int Mer Marine pf. Int Nickel. . Intl Nickel pf. Intl Paper. . Invincible OilL Iron Product: island Oll. Jewel Tea. Jewel Teapt..... Jones & L'ghlin pt Jones Tea. Kansas & Gulf Co Kayser (Julius). . Kayser (J) pf Kelly-Spring Tire. Kelsey Wheel Kennecott. . Keystone Tire Kresge (SS). Lake Erle & W.. Lake Erfe & W pf. Lee Tire & Rubber Lehigh Valley. ... Liggett & Myers. . Liggert & Myers pf Lima Locomotive. Loews Inc. LoftInc. Loose-Wiles ok Truck. - “fi'fi; Mack Truck 1s Mack Truck 2d. . Mragma Copper. . Mallson & Co. Manhat Elec Sup. iManhattan Shirt. Market St prior, irland Ofl. . athison Alkill... Maxwell (A)... Maxwell (B). Dept Stores. . Mcinsyre Porcu Mexican Seaboard. 2% High. Low. Close. | 18% 12% 4% m 5% 1 I3 20% 8% MinnStP&SSM. 0% 0% 81 112% 182 16% 6% 1874 1% 102% 26% 1% 6% - 79 o4 63 o 55 105 2% 19 694 . %% 82% . 108 123 169 42% 8% 202% .o 1% 19% 101% ©% “® ) w 21% 2% r3 9% 101 u% 71 25% 2% % 15 . 8 16% % 107% By 2% 41 . 102 % 2% 3 2% 66% 207% 1163 60% 19% % 63% 51% 1% 2 18% w 52 16% ~18% c18% n n 12% 78% 7% MizmiCopper. m I3 a1 7 52 n2% 182 18% Ll 181% 1% 100% 28 | 1% 125 | [ 8l L) 194 | 5% 8 T 128 152% 149% oY o4Vi 0% 2T% 16% 4% 6% 133 100% 89% 1% High. Low. Close, 8. 1B 16 FAT 12% 24 Open. .18 = 1% =% 6% 8% % 16% o 1 u% 108 100 89 L 121% 6% 204 15% 86 - 9% &l 2% 0% NY O& Western.. 20 Norfolk & Western 110 North American. .. 102% North American pf 5% Northern Pacific.. Ti% Ohio Body & Blw Oklahoma Prod [Ontario Silver . Orpheum Circuit. . Otis Steel. . Owens Bottle. Pacif Develop. .. Pacific Gas & El... Pacific Oll: . Packard Motor. Pan-Amer Pete... Pan-Am Pete (B). Pennsylvanla. . Penn Seabd Steel. Pere Marquette. .. Pere Mrq prior pf. Fhiladelphia Co Philllps Jones Phillips Pete Plerce-Arrow’. Plerce-Arrow pf.. Plerce Ol1 Pierce Ol1 pf. Plggly-Wiggl, Pitts Coal pf. Pitts & W Va. Pitts Steel pt Pond Creék C Postum Cereal. ... 12214 Postum Cer pfi ... 112t Pressed Steel Car. 7 Producers & Ref:. Public Servof N'J. Publie Service pf. Pullman Co. Punta Alegro Pure Ofl. Rdy Con Copper. Reading...... Remingfon Typr. . Replogle Steek. v Rep Ir6a & Steel, . Rep Iron & Stl pf. Reynolds Springs. Reynolds Tob (B). Royal Dutch. Mexican Sbd ctf Middle States Oil. . |Midvale Steel. ... 2% 1 28, . % 6% 61% 1% 1BY% e S 16% 16% a% e 13 1% u% % 1% 106 100 100 39% 39 1214 121% 68% 663 a2 124% 15 6% @ 3% 85% 23 20% 20 110 102% Mo Kan & Texas. . {Mo Kan & Tex pt. Mo Pactfic. {Mo Pacific pt. Moon Motors. ... Mother Lode Cltn. Nash:Motors. Nash Motors pf. ... Natl Biscult wi... Natl Bisuit pt. Natl Enameling atl Lead. ... Nevada Copper-. .. New Or Tex & Mex N Y Air Brake (A) N Y Central. .. o 18% b "% % 18% n 114 100 9% 121% 683 124% add 15 5% 4 90 8% 2 20% 20% 110% 1034 6% % % 964 St Joscph Lead. StL & San Fran.. St L & San Frpf.. Savage Arms. . Seaboard Afr Lin, Sears Roebuck. Seneca Copper. ... Shattuck-Arizona. Shell Trad & Tran. Shell Union. Shell Union pf. Sinclair Ofl. Sinclair pt. Skelly Oil. So Porto RS pf. .. Southern Pactfic. . Southern Railway Southern Ry pf. Spicer Mfg Co. Standard Millin Stand Ofl of Calld. Stand Oil of N J wi Stand Ol of N J pt Steel & Tube pt... Sterling Prod..... Stewart-Warner.. Stromberg Carb Studevaker. .. Submarine Boat, Superior Steel Sweets Co of Am. . Tenn Copper. ... Texas Company’ Texas Gulf Sulphur Texas & P C & Oil. Third Avenue Tide Water Oil. Timken Bearing. . Tobacco Prod. Tobacco Prod A Trans Contl Oll... 7% 4% 20% 86% 69% 415 ums 101% k% Union Bag & Pap. Union Oil. Union Pacif Union Pacific pf. Union Tank Cr pt. United Drug. United Fruit..... United Retall Strs U S Cast Ir Pipe. . U S Cast ir Ppt. U S Express. . U S Indus Alcohol. U S Ind Alcohol pt. U & Realty U S Realty p! U S Rubber..... U S Rubber 1st pf. U S Steel. . U S Steel pf. Utah Copper. Utah Securitles. Vanagium Corp: . Va-Car Chemical. Vivadou 2 Wabash pf (A)... 24 Webber & Hetlbrn_ 12% Wells-Fargo Ex| 94 Western Elec pt. . 113k Western Pacific.. 17% Western Union. .. 110% Westhse Eles & M 60 White Eagle Oil. ‘White Motor. % White Oil. Wickwire Willys-Overld. Willys-Overld pf. Woolworth. Worthington Worthington (B). *0dd lot. 21% o 18 8% D% 18% xu 2% 54 3% - 1734 124 9% 2% 51% 3% ux% 8 4% 21% w2 B 0% o & & High. Low. Last. Call Money..... 4 [ HOURLY SALES OF STOCKS. 11am..... 163 00 12 M.... 310 800 Ipm..... 462 8% 2p.m... 520 30 CANADIAN WHEAT EXPORTS. OTTAWA, January 11.—Canadian ex- ports of wheat duyring December, totaled 40,669,119 bushels, valued at §46,110, 898, the external trade branch of the dominlon bufeau of statistics announced today. Of this total 33,433,457 bushels, valued at $38.743,613, went to Great Britain, 6,130,079 bushels, worth $7,805, 128, being shipped from Canadian sea- ports, while the remainder went via ports of the United States. ERORMOUS "COKE OUTPUT. UNIONTOWN, Pa., January 11 (Spe- cial).—Coke production came near the 200,000-ton mark last week., Car short- age held back shipments. ' With ade quate car supply thié district would shat- ter all shipment records. Furnace coke sold at $7.75, with little spot available. The best products of bi-product Con- nellsville is going at $3.26 with large amounts ready for deliveries. GIVE BACK SECURITIES. KANSAS CITY, Mo., January 11.— Distribution to owners of approxi- mately $2.500.000 in securities held for safekeeping by the defunct Hous- ton, Fible & Co., brokers, was begun yesterday, J. W. Perry, receiver, an- nounced. ' The auditor's report is to be considered tomorrow &t a-meeting of the creditors’ comm! and the recelver. 'INDUSTRIES FOR BALTIMORE. BALTIMORE, January 11.— Five new industries with-a Dlant {nvest- 18 8% 2% 16% 1734 10% 9% 25% 9% 5% u % 65 29 u % 6% 219 2% 67 which will total $305,000 were added to Baltimore's industrial communpity. last month, according to & f€port pre- pared by the board of trade. The most important of the new.industries was the window shade cloth factory of Lapsley-& Bro. Companys ment of $365.000 and six .exp: n:lonlJ TAR, NEW ISSUES ARE QUKL ABSORBED Foreign Bonds Again Show Weakness—0Others Change But Little During Day. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, January 11.—The most interesting development today in the investment markets was found, not in the trading on the exchange, but in the way in which investors ab- sorbed the new offerings, particularly the new Bell Telephone of Pennsyl- vania 55 and the Baltimore and Ohlo equipment certificates. The price at which the telephone issues was marketed was another fllustration of the favor in which utility obligations are held. In Oc- tober, 1 the Bell Telephone 75 to refund when the 5s are to be lssued, ere offered at 95, to yleld 7.45 per nt. Today's issue was sold on a 5.10 per cent basis. Difference’ in’ Conditlo! Of course, money market conditions are vastly different from those pre- valling in 1920, but the position of the utilities, and especially the tele- phone and. electric light and power companies, is also vastly different The B. and O. equipments were dis- posed of on a 5.20 basis. Today’s trading In listed bonds brought out points both of weakness and of strength. A strong feature was the North American Edison 6s, on which the yleld with the market seems high considering the great strength of the parent company. The copper securities were in favor again, the Chile Copper 6s making a new high. This, of course. is in an- ticlpation’ of the prospective deal with Anaconda. American Smelting and Refining 53 were sympathetically strong. Forelgn Issues Agaln Weak. As might have been expected, the weakness in the market was found prineipally among foreign _issues, notably the French, but In view of the news from abroad the fact that the loss was so small was remark- able. St. Paul issues were not so active as Wednesday. Delaware and Hudson convertible §s were lower In sym- pathy with the drop in the stock. Here, of course, the Influence was uncertairity as to the actidn of the directors on the dividend. There was no very gggat change in the liberties. (Copsright, 1923) COMMODITY NEWS WIRED STAR FROM TIRE COUNTRY I ST, PAUL, January 11.—Operation of a squadron of motor trucks to transport mail between St. Paul and Minneapolis probably will be au- thorized within the next two weeks. This will permit delivery in one city three hours after malling In the other. NASHUA H., January 11.—All of the 4.845 looms at the Nashua manufacturing mills are busy today and half of the looms at Jackson miil are running at night. A night shift will be started shortly in the blanket mills. The company has enough or- ders to keep it busy well into the spring. MINNEAPOLIS, January 11.—Min- neapolls consumers today are paying $1.03 per 1.000 feet for gas, a four-cent increase over December 31, due to higher coal and coke prices. ATLANTA, January 11.—Summer low cut shoes are being freely bought today by retailers in this section in preparation for a heavy demand this spring. FIRM TO REORGANIZE. NEW YORK, January 11.—Reorgan- fzation of the ‘' Federal Adding Ma- chine Corporation, recently placed in the hands of a receiver, {s annpunced. Control has been purchased by Joseph F. O'Gorman, W. S. Pltcairn, Alexan- der Alexander and Arlington Hall. It was stated that 25,000 shares of no par value value new stock would be issued _under the name of Federal Adding Machines, In PLANT IN EAST PLANNED. NEWARK, N. J., January 11.—The Western Electric Company of Chicago has bought from Joseph P. Day, In fifty-five acres of the Kearny mea ow, midway between Newark and Jersey. City, on_ which an eastern factory wiil be built to supplement bperations at' its, Hawthorne plant, Chicago. The reported price was sald to exceed $500,000. —_— WESTERN MARYLAND GAINS. BALTIMORE, January 11.—Gross earnings of the Western Maryland | Rallway Company last year were 1$18,560,705, an increase of $817.651 compared with the previous year, ac- cording to an estimate given out by the company yesterday. December was 2 good month, gross showing an in- crease of $332,943 as compared with the same month in 1921. ———— BERLIN BOURSE FIRM. BERLIN, January 11.—Despite the disturbed political situation, the Ber- 1in bourse was relatively firm yester. day, even Rhenish industrials and mining stocks being called for. CONDITION QF The following comparative statement shows the condition of WASHINGTON, D.”'¢, THURSDAY, JANUARY 11, 1923.. [ox v vorr BONDS s ] Recelved by Private Wire RAILROADS. Bales (81,000), High. 0% 8 £2% 4% 8% 01% % Atchison gen 4 Atchison adj 4s BkIR T 721 ct st Buff R & Pitts 4}4s. Canadlan North 7s. .. Canadlan North 6%s. Canadian Pac deb 4s. 1 Car Clinch & Ohlo §s. 1 Central Pacific 4s. ... 11 Ches & Ohloev Gs.... 22 Ches & Onfocv 4 %s. . Ches & Ohfo gn 414s.. 10 Chi & Alton 3%s..... 8 ChiB& Qgn4s1958. 2 ChiB&Qlstrtbs... 16 Chi& East llign 68.. & Chi Great West 48... 9 ChiM&StPredls. « Chi M & St Pov 5s. Chi M & St R 48 1925 ChiM&St Fev4élks. 13 Chi M & St P 45 1934 .31 .72 Chi&NW 6%s... Chi & N W 7. Chi Rys 5s. Chi R1& Pacrt 4s. Chi Un Station 414s. . Chi Un Station 6%s. Chi & W Ind con 4s. Cleveland Term 5 b Colo & Southern 431 Cuba RRs..... Del & Hudson 5 %s. Den & Rio G con 4s. Den& R G 1st rf 5s. . Erie 1st con 4 Frie con ext Ty Erie gen 4s, Erie convdsA. Erie conv4s D. Gr Trunk s f de Great North gen 7s. Great North gen 6%s. 3 Havana ERL & P bs 13 Hudson & Man ref 5s. 84 Hudson & Man aj 5. 11l Central ref 4s. Ill Central 5 %48 Inter Rap Tran: Int& Gr Noraj 6s. .. Towa Central ref 4a.. Kansas City Ft 8 4 Kansas City Sou 3s. Kansas City Sou 5s. . Lake Shore 48 1928. Lake Shore 45 1931. . Louls & N unified 4s. Louis & Nash 5%s. Manhatran Ry en 4s. Market St Ry cn 58 Mil EI Ry & L 1st 6s. M & St Liref ext §s P&SSM6ks. Tistds.... TprinbsA Mo Pacific 15t 58 '65.. Mo Pacific gn 4s. . Montreal Tram 1st 58 Nassau E Ry 48 1957. ew Orleans Term 4s ew Haven 7s. .. N Y State Ry 4%s=. N Y West & Bos 4 %! Norfolk & Weat cv Northern Pacific 3s.. Northern Pacific 4s. North Pac ref im 6s. . Northern Pacific 6s. Ore & Calif 1st 5=. Ore Short L ref 4s. Ore Short L cn 58 Ore-Wash 1st ref 4 Paris-Lyons-Med 6 Pennsylvania gen 5s. Pennsyl gen 4148 Pennsylvania §33s. Pennsylvania goid Pere Marg 1st 5s Reading gen 4s. Rio Grande W clt 4 RIArk&L 4%s StLIM&SR&G 4 StLIM&S48°29. StL&SFprindsA. 51 StL&SFprinbs... 14 StL&SFincés.....2 StL & SFadj 6s. 3 StL&SFprinésC. 7 Seaboard A L dssta.. 3 Seaboard A Lref 4s.. 5 Seaboard A Ladj 5s.. 6 Seaboard A L con 6. 4 Sou Pacific cv 4 Sou Pacific ret 48 8oy Pacificclt 4s Southern Ry 1st Soythern Ry gen 4s.. 23 Southern Ry dev 6% 14 Third Ave ret 4 Third Ave adj 5s. Unlon Pacific 1st 4 Union Pacificev 4s. .. 23 Unlon Pacific v Virginta Ry 1st bs. Va Ry & Pow 1st 5t Wabash 1st 5i 1 Western Maryland 45 18 Western Pacific5s... 15 §2% £2% West Shore 1st4s....25 61% 81% TOTAL SALES (Par Value! 1lam... 3 8 00 12n00n.. 41000 iIpm... 7569000 2p.m.... 9092000 CAR FOR EVERY 8 PERSONS. NEW YORK, January 11.—The year 1922 ended with 12,357,376 automobiles and motor. trucks on the roads of the Unfted States—a gain of 1,851,716, or 17.6_per cent over registration’ figures for 1921—says a report made public by the automotive industries. The figures nfean a car of some sort for every 8.7 persons in the country. 8% %% 8 68 LOCAL BANKS. local banks as called for by the controller on September 15 and December 29, 1922: NATION Bank of Washington Columbi; Commercl District : o 1o E§§§;§.§§§E§. s 2 Bowel & Mbtropolifan . National Capltai @Bnb d 8234 i SanpnozanE 2z S 2 > 8 $420.105.10 7.417.20 08,167.97 338,362.76 468,628.22 43,709.10 8k SAVINGS 55 2E5% o i lndullrr:l . International Exchange McLachlen .. Mount Vernon iofll Capitol LEH i &3 3 People’s Commercial . Potomac 3852 Terminal Ubited States ington M $97,422,035.15 {American Commerce and Savings... ~ $364,185.76 i - 803,720.42 248,088.80 ERELT R 2838 kR EH $121,871.52 BANK! $39,815.14 2321237 BRBEE2RLMESTLIE {v“v"flvm"' Savings banks Trust companies RECAPITULATION .« $97,422,065.15 '26,179.181.70 325.60. Raomis | o4 $1,829,085.14 $07.543.926.67 $121,871.53 .081.60 Total . .$187,572,213.31 $188,000,513.96 - $1,028,100.63 (Compiled by Audiey Savage of the National Savings and Trust Company.) j Direct te The Star Office. UNITED STATES EONDS. Bales (31,000). High. Low. Liberty 3%4s... 19 10120 10108. Liberty 1st4s... 1- 9860 8% Liberty 1st4%s 3 9890 9874 Liberty 24 4%s. 643 982 8834 Liberty.3d 4%s. 1010 9904 9890 Liberty 4th4%s 673 0684 9868 Victory 4%s'23 187 10026 10022 10022 US46%s1952... 398 10000 9996 9995 FOREIGN GOVERNMENT, STATE AND MUNICIPAL. . High. Low. Close o1 101 01 8% W% 9% D% 98 0% 9 98l 98% % % 1% 2% 2% 85% 85 8% oT% 29% 101% % 90% 103 102 108% 109% o1% 87 109 8l 3k 2% 95% 24 96% u% 2% 81% % % 8% 60 36 8635 1% 9% 7% us 102% Clese. 10110 9820 9376 836 90 9874 Canada b5 1926 Canada 5381929, Canada B8 1931. ... Canada 58 1952. ... Chile 83 1946 Chile 85 1926 Chile 85 1941 Christiania 85 Copenhagen 5, Czechoslovakla 8s. Denmark 8; Denmark Dutch Ea: Dutch East I 6 French Govt 8s. . French Govt 7%s. Halti 65 ctfs. . Japanese 1st 4145, Japanese 2d 4% Mexico Mexico 4s. .. Netherlands 6s Norway 8s. Norway 6s ctfs. Prague 7%s.... Queensland 7s. Queensland 6s. Rio de Jan . Rio de Jan 85 1947.. Sao Paulo, City, 8s. Seine, Dept of, 7s. ... Serbs Crotes Slov 8s. Solssons 6s. Sweden 6s. Swiss Confed B Ud Kingdom 5 %829 Ud Kingdom 534837 Uruguay 8s 194 Zurich 8 B -SErenneBlefesass 3805888850 eaonB-5E882uBaluBERa 209 2 . 1 .19 1Y% MISCELLANEOUS. Am Agri Chem 7 %: 108% Am Smelt & R 1st 53 Am Sugar Ref 6s. ... Am Tel & Tel cv 6s.. 103% 116% 99 wh% 80% 8% 903 107% AmT&Tecltr Anton Jergens cv Armour & Co 414s. Atiantic Refining 5 Bell Tele Pa 7s...... 24 Bethlehem Steel rf 68 9 Beth'em Steel pm 2 Beth'em Steel 5 £ 6s. . Brier Hill 8t 1st 51 Bkiyn Edison 78 D. .. Bklyn Edison gen 6s. Bush Tm Bldg bs '60. Cerro de Pasco §: Chile Copper 6s. Chile Copper 7s. Comp-Tab-Rec 6341 5 Con Coal Md 1st bs. Cuba Cane Scvd 8s Det Edison ref 6s. ... Du Pont de Nem 7158 Dugquesne Light 73%s. Duguesne Light 6s East Cuba Sug 7% Empire F & G 7%s. Fisk Rubber8s.. ... Framerican 1D 7%s. Gen Electric deb 6s. . ien Electric deb 5s. . Goodrich (BF) 614s. Goodyear Tire §s'31. Goodyear Tire 85'41. Holland-Amer s f 8s. Humble Ol & R 5128, Indiana Steel is. Inter Mer Marine 6s. Inter Paper lst 58 A Inter Paper st 53 B Julius Kayser s £ 7s. . Lackawanna § 58 23 Liggett & Myers 5s. Loriilard (P) 5s. Magma Copper cv Ts. Manati Sugar n f 7%s Marland Ofl T%s. ... Mexican Petrol 8 Mich State Tel 1st 58. Midvale Steel 5s. ... Montana Power 68 New England Tel 5s. N Y Edison 18t 6338 NYGELHG&Pbs. New York Tel 6s ‘41 New York Tel 414 North Am Edison 6s. North States Pow 6s. Northwst Bell Tel Ts. Pacific Gas & El 5s.. Pac Tel & Tel &s Packard Motor 8s. . Phila Co ref 65 A Producers & Re? Producers & Rf 8s w. Public Service 5s.... Sinclair Oll 7s. .. Sin Crude Ofl 5%s. ... Sinclair Pipe Line 5s. Sou Por Rico Sug Stand Ofl of Calif 7s. Steel & Tube 7s Tide Water Ofl 63%s. Tobacco Prod s £ 7s.. Toledo Edison 1st 7s. Union Bag & P 6s. Union Tank Car 7s. United Drug cv 8s.. U 8 Rubber 1st rf 5s. U S Rubber 73s. U S Steels £ b5 Utah Power & Lt 5s. Va-Car Chemical 7s Va-Car Chem 73%8 w. ‘Warner Sugar 7s. ‘Wickwire Spencer- ‘Wilson & Co 1st 68 Wilson & Co cv 7 %s Winchester Ams 7% 6% GRBo aBaBaBa BB nperonansn SnuBaae 8 Bl 8844 108% 109% 8% % 934 105% % 101% 102% 101 HENNERY ASSOCIATION COMPLETES ORGANIZING Maryland Body Selects Officers and Makes Plan for Operation. Bpecial Dispatch to The Star. COLLEGE PARK, Md, January 11, —Final organization of the Maryland Hennery Association was effected at a meeting at Maryland Agricultural College Tuesday. Willlam H. Schrom of Berwyn was chosen president;-C. H. Frey of Beltsville, vice president, and R. E. Story of Springfleld, sec- retary-treasurer and sales manager. The association will be governed b; the following board members: Sam uel Carr, Thomas O. Duvall of Laurel Mr. Schrom, Mr. Story of Springfield, and Mr: Frey. At the initial meet- ing held several weeks ago, the fol- lowing men, together with the of- ficers, signed the membership role: Calvin H,_ Ellls, Cheltanham; J. A. Ainge & Son, Townsend; C. G. hardt, Hyattsville; N.' J. Ne Branchville; Alex. Gude, ‘Hyaitavile George J. Barton, Willlam Soper, Beltsville; Theodore M. Pinch, Glen. dale; G. J. Barkman, Laurel, and An- drew J. Benton, Mitchellvilie. Authorization’ to . select sultable quarters for a recelving depot for properly inspecting and grading eggs sent’ in by members, has peen given the board of directors. Provision was made for specially-printed dozen car- tons under seal, In order that “un- scrupulous dealers might not use them for refilling.” Eggs will be bold in three sizes, pullet, standard and ex- tra fancy, welght being ghe deter- mining factor. Eggs will not be sold retai] by the association. vorumanEoBlueamnmnn PARIS, January 1]1.—Prices were firm on the bourse . Three per cent rentes, 58 francs, 30 centimes. Ex- change on London, 67 france 75 cen- times. l:hre er ?I:lt loan, 76 francs 20, centimes. _dollar was quoted a! *: ntimes, ol 14'francs 47% ce FINANC Grain, Produce and " . Live Stock LOCAL WHOLESALE MARKET. Eggs—Steictly fresh, selected candled, per dozen, 43; average receipts, 4! southern, 40. Cold storage eggs, 30. Live poultry—Roosters, per 1b. 15; turkeys, per ib., 35a40; spring chlok- ens, per Ib., 30a32; keats, youns, each, 60: fowls, each, 27a2: Dressed poultry—Fresh-killed spring chickens, per Ib., 36a3s; hens, per ib. 30a32; roosters, per Ib,, 18; turkeys. per 1k, 45a50; keats, young, each, 70a80. Live stock—Calves, cboice, per Ib.. 14 medium, per Ib., 13a13%: thin, per Ib, €aj. Lambs, choice. per 1b. 13: llve plgs, 3.00a8.00 each: live hogs, per 1b., 93, Green fruits—Apples, per bbl 87.00; per bushel basket, nearb: 1.00; Delicious, No. 1, per bbl., 1.50. Callfornia oranges, per crate. 6.00a6.00; Florida. 4.00a5.00. Lemons. per box, 3.50a4.50. Grapefruit, 3.00a 4.00. Tangerines, 3.5024.50. Vegatables—Potatoes, per bbl, No. 1. 00; per sack, 2.00a2.25: No. 0. potatoes, North 75a1.50; nearby, 2.00a2.50. per crate, southern, 2.00a 8.00. Romaine lettuce, per crate, 50a 125, Iceberg lpttuce, per, crate, 4.25a 4.50. Cabbage, northern, 1.75a2.00 per 100 1bs.; nearby cabbage, per bbl. 1.25a2.; southern, 2.25a2.50 per basket. Eggplants, per crate, )a5.00. Toma- toes, per box, Florida, 2.5 3 2.00a4.00 per basket. Peas, 3.00a5.00 per basket. Peppers, per crate, Florida, 2.50a3.50. Kale, per barrel,’ 1.5 3 Spinach, per barrel, 2.75a3.00. per dozen, 1.00al California, crate, 8.00a . California grapes, per crate, 3.0024.00. GRAIN AND PROVISIONS. BALTIMORE, Md, January 11 (Spe- clal).—Potatoes, white, 100 ibs., 50a 1.25; 150 1lbs, sweets, bbl. 1.50a2.25; bushel, 5 basket, 25235, yams, bbl, 2.0 bushel,” 65a90; beans, bushel, 2.50a3.30; beets, bushel, 75a85; brocoll, bushel, 30a40; Brussels sprouts. qt, 20a25; cabbage, ton, 20.00 a25.00; gavoy, bushel, 90a1.0! rrots. basket, 5060 liflower, crate, 1.50 a2.00; celery, 100, 6.00a8.00; cukes, crate, 3.00a6.00; eggplants, crate, 4.00 a6.00; horshradish, bushel, 3.0024.00; kale. bushel, 30a40: lettuce, crate, 200 a4.50; onions, 100 Ibs., a3.25; Oysterplants, 100, 6.00a8.00; parsnips, bushel, 1.10a1.25; peas. bushel, 3.00a 4.00; peppers, crate, 1.50a3.00; spinach, bushel, 75a1.00; squash, crate, 3.00a 4.00; " tomatoes, crate, 2.00a450; turnips, basket, 60a70. Apples. packed, bbl, 2.00a5.00; bushel. 50a1.50; loose, 100 Ibs., 1.40a 1.65: basket, 40a60; cranberries, b 10.00a12.00; grapefrult, box, 2 50a2. oranges, box 825a3.75; strawberries, at., 40a50; tangerines, one-half strap, 2.25a3.00. Selling Prices at 12:30. Wheat—: 1 red winter. spot, no quotations; No. 2 red winter, spot 0. 3 red winter. spot, no quo 2 red winter, garlick rlicky, no Sweet January, 1.32 5 one. Corn—Cob corn, new, 4.00 per bar- rel; contruct, spot, 84 per bushel; No 2 corn, spot, 8533 No. 4. mo quota- tlons: track corn. vellow, No. 3, new or_better, 87 per bushel. Sales—None. Oats—White, No. aakéd % per bushel . 85a95 per bushel; No. €Xport. spot, 1.00% per no quotations. ; market for 1ight clover mixed, 16.00a20,0 ton, and for 800d mixed, 16.00a17 50 Straw—No. 1 tangled rve, 16.00; No. 1 wheat, 11.00a12.00 oat, nominal, 12.00213.00. TODAY'S AGO PRICES, CHICAGO, Janua 11.—Whq scored a moderate advance in pries today during early deal ngs, firmne: of quotations at Livi rpool and po sibility of more radis ! moves in the reparations crisis being factors that strengthened values Dry weather southwest th eatening damage to win- ter wheat also a bullish influ- ence. Offerings were light except from traders in a position to realize profits. The opening, which varied {fom unchanged figures to 3% higher. :&OH;I 1.\21:!1)' 1 15-‘1['.\7“1,20 and July 1.12y 123, Was followed by o L1 wed by galns all Corn and oats paralleled the action jof wheat. After opening a shade off llD % hflgkhtr, May 723 to 72%%, the corn market made a mod t el advance. loderate general Oats started unchanged to Y lower, May 45% to 45%, and later m : llll“’dl’}l‘flverll'!. % e gher quotations on hogs helped to give a lift to provisions. 2 Low. 11.10 137 .00 11.00 20 113 DAIRY PRODUCTS. BALTIMORE, Md., January 11 (Spe- clal) —Live poultry—Turkeys, pound, 35a42: old toms. 32a33; poor and crooked breasts, 30: spring chickens, | 27a28; poor and leghorns, 20a24; old hens, 24a27: small and leghorns. 19 a22; old roosters, 15a16; ducks, 18a2§; geese, 20a27; pigeons, pair, 30a35; guinea fowl, each, 35a70. Dressed poultry—Turkeys, 35a42; poor and’ crooked old toms, 34ad5; breasts, 30; young chickens, 25a27: old and mixed, 24a25; old roosters, 26a30; geese, 24a30. Januar. May 957 17a18; ducks Eggs—Loss off; native and nearby firsts, dozen, 42; southerm, 40. Butter—Creamery, fancy, pound, b4 Printe. 54a86; nearby creamery, 34ads; adles, 35a36; rolls, 33a35; store packed, 31a32; dairy prints, 34a35; process butter, 41a42. CHICAGO LIVE STOCK MARKET. CHICAGO, January 11 (United States Department of Agriculture) — Hogs — Receipts, 50,000 head; fairly active, fully 10 higher; bulk 150 to 210 pound_ average, 8.60a8.70;, top, bulk 225 to 275 pound butchers, weighty packing sows, dull, desirable pigs, mostly $.25 heavy hogs, 8.36a856; me- dium, 845a8.65; light, 8.60a8.75; light {lght, 8.6028.75; packing sows, smooth, 7.6028.00; packing sows, rough, 7.25a 7.65; killing pigs, 8.0028.60. Cattle—Receipts, 9,000; active, practically all class strong to 25 early top matured steers, me held higher; best year- 11.75; bulk beef steers, 8.50a .50; bulls mostly 25 higher; veal calves steady: stockers and feeders scarce; bulk desirable veal calves to i packers, 10.50a11.00; bulk canners, | 3.00a3.15. Sheep — Receipts, - 15,000; opening | fairly active; early saies,'fat lambs steady; early top, 15.00 to shippers; 14.75 to packers: desirable clipped fed lambs, 12.25 to 12.75; feeder de- mand broad; supply liberal, about 11,200 choice 60-pound feeding lambs, 14.60; sheep around steady; good lght welght ewes up to 8.00. TODAY’S COTTON PRICES. NEW YORK, January 11.—Cotton futures opened steady; January, 26.55; March, 26.75; May, 26.95; July, 26.67 Octaber. 24.95. 11:45° a.m.—Bids. January, 26.70; March, 26.94; May, 27.14; July, blank; October; 25.06. Steady. 'NEW. ORLEANS, January 11.—Cot- ton opened steady. January, 26.37; March, 26.46; May, 26.50. July, 26.30; ber, 26.52. oo bids—January, 12 mnoon March, 26.68; May, 26.68; July, Steady. October, 24. BAR SILVER PRICES. YORK, January 11.—Foreign bar filver, 65%; Mexican dollars, 49 M SNDON, January 11.—Bar silver. 319-16 pence per ounce. Money, 11 per cent. Discount rates short bills, 2%4a23 per cent. Three-month bills, 2Gei6a2 % per cent, 26.38 26.43; NE; 53 IAL. KITCHEN UTENSILS LEAD IN DEMAND | Most Popular Articles Sold in Department Stores During Year 1922. BY J. C. ROYLE. Special Dispatel to The Ktar . NEW YORK, January 11.—The u to & man's pocketbook as weli & his heart is through his Kitchen utensils have been. the I bait to attract buyers to the ment stores in the last y ans line of merchandise. Once they had furnished or refurnished their Ki chens, men and women passed on tq the other departments, buying furni- ture, floor covering. ppare! and other articles But t were ate tracted to the stores in the first pla by enamelware, and aluminum aud other kitchen utensils. Manufacturers and dealers .in ens ameled ware had a tremendous yeat in 1922 and are looking forward ta an even bigger trade in 1923. Early in the year, before the period of prosperity spread to all sections, tha demand largely was for gray wire— that is. utensils with only one coat of enamel. As times grew better the blue ware, having two coats, was most popular, and now the white grade, with three coats, is in widest demand Sugar Plant to Reopen. The Federal Sugar Refinery nounced today that the plant ploying 1,200 men at Yonkers, y was ordered closed over two months ago by Claus A. Spreckies. on the ground that the sugar marke: then was_held at a false level, will re- open before February 1. Refineries in this section look for Increased ae- tivities this year in view of the in- crease of per cent in consu tlon in 18 Per capita consumption in this country last vear Is estimated todav {at 102" pounds for each man, woman and child Hat manufacturers declarad today that the demand for soft hats w steadlly increasing and that t 1t the trade showed apparently would ba ng the first half of Cleveland Now Enjoying Lively Business Boom . January 11.—Indu e proceeding at ompiled today larger plants t more wor than on t ar ago. Thirty firms have signified their-intention of adding to their forces before Feb ary 1 Companies making automobiles motor parts nave sed thelr pay rolis for the first time since last J Logxing Industry Picks Up. 3. January 11 (Speclal) t last a pick-up in the industry after weeks of used by snows in the hilis. in the market for building timbers after a cessation of buying due to disturbed financial conditions in that country and orders are coming in to all Pacific coast lumber centers, Seck South American Trade. SAN FRANCISCO, Januaty 11 (Spe- cial).—A delegation of San Francisco business men will leave here January 25 for a visit to the citles of: South America to develop trade relaions. Although the larger part.of the visit will be devoted to Chile and Peru, Brazil_ and Argentina also will be visited. ecial Dividend Declaréd. HOUSTON, January H- (Special).— The special 2 per cent dividend de- clared by the -Houston: Federal Lands Bank. in addition to the regular 8 per cent. will be distributed shorily. Seven million dollars of the $75.000,000 Fed- eral Land Bank bonds just sold will be devoted to leans in this district. ns in December amounted to §: , or 50 per cent more than for otier month in the bank's his- logging idleness ca Japan again is WALL STREET NOTES. $2,500,000 Car Order From Rock Island Railroad. Spectal Dispateh 1o T NEW YORK. Rock Island mobile car: fifty-ton s and 40 locomotiv can Locomotive Company. chase involves $2,500.000. British tr notes -outstanding aggregate 26! .000 pounds against 271,174,000 las Gold securing these notes pounds, against 27.166,000 last week. Ex-dividend today: erican. Coal and Pittsburgh and Lake Erie. DIVIDENDS. Stock of Record. ¥ 500 auto- ator cars, 250 . 500 box ‘cars from the Ameri- The pur- American Ice ex. pf. 1 American Ice ex. cm.. 1 , Tnc.. q.. 1 t De Nemonurs 1%7%, pf. < Eigin Nat. Wa Fort Worth T Q. 1%%, pf Giilett 435 T Gilletie Safety Tazor wtock ... 2L Happ_ Motor Car Corp: Nash Motors Co. Nash Motors Co.. Nash_ M Prairie OII, ex.. Prairie Pipe Li e i fnclair Cons. orp., @ Soe ... Jan. 20 3inelair’ Cons. FOREIGN EXCHANGE. (Quotations farntshed by W. B. Hibbs & Co.) Nominnl Berlin, Kome, lira Zurich, franc Athens. drac! Madrid, Vienna, Tudapest Prague, crown, Warsaw, mark... Copenhagen, crown. Christiania, crow Stockholm, crown. —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noop.—— Bid. Ofter. . 100, 100% 99 1516 100 1-32 99% 100 101% - 102 101 916 101 1816 100% 100% 99% 99 1318 100 916 100 15-16 9 291, 901516 100 99 15-18 100 1+ 100 100 Rate—Maturits— 43s March 15, 1923. 8% June 15, 1923. 3%s September 15, Bégs June 15, 1024 .. 5i4s Reptember 15, 192 43,8 March 15, 1925 4% s December ‘15, 1 4%s March 15, 1926 4igs September 13. 1926, $32s Mareh 15, 1923 4s° December 15, 19 4335 June 15, 1 Tribute to Mozart. A million-dollar theater, & rival to the Wagner Theater at Bayreuth, is to be built at Salzburg, Austria, the birthplace of Mozart. Mozart festi- vals wifl be held there under the auspices of international admirers of the master's music. 1f the spirit of Mozart was present at the laying of the-corner stome last summer he must have smiied with gentle cynicism, says Mentor Maga- zine, for the great musician went without recognition from his native place, even after he had been recog-, nized “elsewhere,~