Evening Star Newspaper, December 3, 1923, Page 24

r - FINA CIAL. THE EVENING STAR, WASHINGTON, D. MARKET SLOWS UP | ON HEAVY SELLING iA NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley. | Ajax Rubber. Alaska Gold. ... laska Juneau Ilied Chem. New Highs Early in Session (Auiea cnem nf. Are Soon Reduced—Sugars Again in Demand. He 1 ad after s qualed or YORK, I ales’ stopped the K market today - of the o ed their pa bousht on tl £6 dividend paver it With other members of the group. It R sAling less than two points White Motors, paving $4 The latter shares were strong for | me. and so were Hudson Motors A4 Willys Overl crred. B foris to put up General Motors’ were quickly abandoned after encounter- x o« large supply just above 14 « motor scetion did ot resist, how- When cilon set iu later mov doned or W + vigorously when the gan to hesita rations was trading in ccording and Cola ments not Thisis about the wie which the present- market &cems to-expect on highl ndustrials which have thelr dividends only Within the in the American Can to do at the De pay an ext addition 1o the present (e stock, where it-sold thi iround its previous high re would appear 1o hav fit that was coming t E i hat the 100 per nies will be doing apacity business and Oilx Aetiy E first of loast - will have rade, and that i companies will (fter th sprin 1l increa rd that by consumpt ed in the oil better tinanced then Le makin, ¥ again. M land was the leader of the ingepend Cosden was readdly tak- C C of Colum heen due to ints have s s v fact that heen in pro A ienz time d_honse, the which sets, lar s belng b T have C buying in ave $3 annually carning more t mount, was revival dividends an twice that soked upon as proot of onfidence in the out- ook for most of the auotmobile com- panies. Under 30, Hudson is selling o yield over 10 per eent Sugar Shares in Demand. n Roller Bearing is expec of approximately uivalent of stock. Thi Jeen improv- ea lC National cted some ise this - with oil pays 33 ainst an ar ix ex- A share in demand ferenc 4 prospe r which this in excess of an vording In exce 4.70 cents a pound. ry Over Congress. K as appearcd at times in mar o the the ev ment to would more or over the nus getting ¥ holding up the uction program, but necessi- n increase in' the present vashington dispatches over the d all laid emphisis upon the ibility of the republican radicals combining with the democrats to vrodu deadlock where nothing in the way of constructive legisletion would be passed. The doubt thus st upon the outlook for the Mellon tax plan had its effect upon the mar- ket sentiment of the without iminishing the confidend cnerally ®r L S Tor next ye Br Brkin-Marn T v: Burns Bros (B). | 1 Butte & Super.. Allis Chalmers Am Agr Chem.. : Am Ag Chm pf... Am Car & Fay.. Am Car & F pf.. Am Chain (A).. { Am Chicle Co Am Cotton Oil. * | Am Cot Of1 pf.. Am Express. Am H & Leath. . AmH & Lea pf Amlee...... Am Internatl.. Am Linseed Am Linseed p Am Locomotf Am Radiator. Am Safe Razor. Am Smelting. Am Smelt pf. Am Steel Fdy | Am Sugar. .. AmT & Cable Am Tel & Teleg. Am Tobacco. Am Tobac (B).. Am Tob pf (n).. AmW W 6% pf. AmW W 7% pf. Am Woolen Am Woolen pf Anaconda Armour of Arnold Constab. ot sets Realizn Asso D Goods AssoD G 1st pf. : d pf. Associated Ofl.. Atchison. ... Atchison pf.... Atlan Bir & Atl. Atlan Cst Line. . Atlantic Frult.. Atlantic Austin > Auto Knitter Baldwin Loco. . oD n Ralto & Ohto. tatopilas Min Bayuk Bros. . Becchnut Pack. Beth Steel Beth St1 7 Brit Emp Steel 2%1yn Bdison tyn-Man *addo Oil. f Petrol Calumet & Ar “ent Leath pf. *hi & Alton *hi Grt West Coco-Cola pf. Colo Fuel. Columbia Columbn Car>i Com Sol Com Solv (B) . Comp Tabulat.. Congoleum | Cons Gas of Cons Textile. Cont Can. Continental Mo Corn Products. . Cosden & Co. Crucible Steel.. I Crucible Stl pf.. Cuban-Am Sug. Cuba Cane Sug- Cuba Cane S pf.. Cuban Dom'can. Cuban Dom pf.. Cuyamel Fruit { Davison Chem. . Del & Hudson. D Lack & West. Detrolt Edison Dome Mines. ... Douglas Corpn Dupont (E 1) Dupont deb Eastman Kodalk Eaton Axle &Sp. Elec Stor Bat ‘Elk Horn Coal. Emerson Brant. Endicott-John. Erle. Erie 18t pr. Erie 2d pf. Exch'ge Buffet.. .Famous Players Famous Play pf. Fifth Ave Bus. . Fisk Rubber: Fleishman. Foundation Co SPeCts | Freeport Texas. v (A) There was no evidence either in the | Gen Asphalt. stock or bond market that disturbed b situation. But it was qu expected that many of speculators who had attractive pa profits in sight should have thought 1t advisable to take them and await the developments the next few wctu the 1 of Railvay stecks sell off. hut no mors age in the wrs of the themselve were inelined to than the aver- industrial section. Hold- rvails will have to steel 1o all manner of sensa- tional proposals und bills introduced within the next thirty day They will have t W Ereat deal of ag of Jowerin uets. But the that if the pre stands fre not he m;:f tvapes 4n other articles, red for sulb- Afdength a halt was called on the advlince in cotton. For one thing the trade seemed to feel that it had gone tongfar in accepting the extreme low ..q‘mu of the current crop. An- othdr calculation put out this morn- in a respected authority placed A Jle total 440.000 bales above thef fow figures, which were _com- monly eredited at the close of last weely Olf shares wer afeddioon. Puap janfl ' short had a andithe Marland Str@tgthening ’rh.r&‘ i abov It : who had sold Mar- costly experience, episode had ct on other oils, Houston and corthy. stration in the oils was p the selling in list and the mar- weakened generally in the final alings. tocks like Studebaker, ldwin Locomotive and American Can weré off 13: to nearly 3 points from their early highs. CLOSE IS IRREGULAR. ciated Press. December _2.—Specu- uncertainty over the rBitish elec.. tions and the power of the radical bloc in Congress was reflected in a flood of seliing orders, which unsettled today’s stock market’ after an opening period of strength, There were several con- spicuous exceptions to the downwarfl trend among the high-priced tobaccos, minority oils and specialties. Sales ap- proximated 1,000,000 shares. The closing was irregular. Strength of Liggett & Myers Tobacco and Mar- land Oil issucs featured the late I r parts of the I AL R sioping to show a heavy. tone at Nor Ore est Su pt p Motors. Ralto &Ohio pf. | Barnesdatl (A). Rarnesdall (B) . Calif Petrol pf. Callahan Zinc. . Canadian Pac. Case Plow Wks ntral Leatn. . Cerro de Pasco. Chandler Mot Cnesap & Ohio. Ches & Ohio pf. i Chi& Alton pf.. Chi & East 111, Chi Great W pf. Chi Mil & i Chi Mil &St P pi 'Chi & Northwn.. Chi Pneu Tool.. ChiR1& Pac Chi R I&P 7%pf. Chile Copper.... Chino Copper. .. Coca-Cola P.. on in- | Gen Asphalt pf. ! Gen Baking Gen Clgar. Gen Electrlc. Gen Elec spl. Gen Motor: Gen Motors pf.. Gimbel Bros.... Gimbel Bros pf. Glidden, . Goldwin Corp Goodrich- . . Goodyear pf. | Goodyear pr pf Granby Consol. ! Gt Northern pf la G Greene-Canan Gulf St Steel. Hartman Corp.. Hayes Wheel Hendee Mfg Homestake Househ'd Prod.. Houston Ofl. Fudson Motors. ydraulic Stl... nd Oil & Gas the features of the | Indiahoma. | Indian Refining. *Ingersoll-Rand. Inland Steel. nspiration. . nt Cement. nt Nickel. ntl Paper. nt'Shoe. .. Tilinots Central. 111 Cen PE(W 1). in Skelly | ynterb Rap Tr. . In Ag Chem pf. n Combust E... Int Harvester. . Int Mer Marine. Int M Marine p! Intl Paper (sta) Invincible O1l. Iron Products. | Jewel Te: Jones Tea. Kansas & Gulf.. Kansas City 8.. Kansas C So pf. Kelly Spr Tir Kelsey Wheel. . Kennecott. .. Keystone Tire. Kresge (S8). Lehigh Valley... Open, 104 T 67 High 108 T " 6703 109%*109% 100% 100% 100% 96 831 182 10% 14% 8133 48 3215 106 15 83 41 37% 1 59% 88% 55% 26 234 % 1038% 103% 103 105 [3 3 5 157 39% 26% 1 B 42% 25 % 7% 39% 1% 34% 625 3 10% 58 19% 26% % 18% 534 824 88 354% 3% 295 434 101% 60 &8 T4 101% 4 124 20 11 138 26% 63'4 84 2415 84 274 16% 6% 9613 241 28% 182 10% 14% 81y 49 9914 106 15 815 81% 417 3Th 19 59 347, 60 27 23% Y 106% 6 3 5 157% 39% 26% 13 5% 42 254 24% % 7% 84w 11% 843 62% 76 10% b4 9% 264 2% 18% 53% 32% 88 35% 34% 295 Close. | 10% ; % | out Low. 10% 6613 | 4 108% 1 4 42% 12 35% 38% ¢ 103 110% 1611 | | 101 60 88 T3y 100% | 4 114 20 41, 1012 59 6714 108 116 104 191 il 12614 86 181 10% 13% 81 48 99 106 147 147 814 41 37% 40% 8T% 18% 59% 55 26 23 105 6 2% 5 187 38% 25% 13 bla 41% i 1 51 41% 25% AR 75 . 33 1% 83 62% 5 10% 52% 19 25% 19 264 % 1814 534 | 31% 88 Y% 18% 531 3% 88 3% B4% 3 3 295 295 684 63% 62% 63 dealings, the popular indystrials coo~ | Lig.& MYartasss 224% 226% 224% 226% Open, 31 116% 116% Y% 2254 66 Low. Close. 1164 116% 225! Lig & Myers pf. Lig & Myer (B). Lima Locomo. | Loews Inc. Loft Inc Loose-w Louls & Nash. Mclntyre Por. Mack Trucks Mack Truck Macy Co. Macy Co pf Magma Copper. 65% 114 30 29% 114 30 295, aibo Oil Market §t Ry ofl. Maxwell (A) Maxwell (B) idvale Steel . Minn & St L, Minn StP & s M SUPESSM(LL Mo Kan & Tex Mo K & Tex pf. Mo Facific. Mo Pacific pf. Montg'y Ward Moon Motors Mother Lode. Natl Acme. . at Biscuit. ... Nt Biscuit pf Nitt Clonk & S pi. atl Dept Stores t! Enamel tl Lead. at Supply. . Copper. Mex. n Ry Brake. . 111 181 a1t H&Hartfd. orfolk South Nov Scot Steel Oklahoma Prod. Orpheum Circuit. Otis Ste Otis Steel pf. Owens Bottle. Packard Motor. Pan-Am Pete. Pan-Am P (B) Penn Seabd Stl. People's Gas, Peoria & Pere Marquette. J'ere Mrq propf. Philadelphia Co.. | Pierce-Arrow. .| Pierce Plerece Of Picree O Pitts Coal. Pitts & WV Postum Cere: Pre: d stl d St C pf. Produc & Ref. Pro & Ref ctfs Pub Service. Pullinan Co. Punta Alegre. Pure Oll. Railway St Con Copper ading Reynolds Spr. ey Tobac (B).. Royal Dutch Rutland Ry pf. St Joseph Lead.. St L&San Fran.. t L Southwn. t L South pf avage Arms. ulte Stores. chult 1024 12 67 14 84ty 15y 107 hell Union. Simms Petrol. immons. inclair Oil kelly Oil 10'ss-Sheflie loss-Sheff pf. . So Porto Sugar. South Pacific Southern Rwy Southern Ry pf. Stand Milling . St OU of Calif. Stand Ofl of N 6 . st Ofl of N J pf. 116% terling Prod. .. 5812 Stew'd-Warner. 88 Strombg Carb. .. Studebaker. Superior Oll. ,. Sweets Coof A.. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Oil. Third Avenue. Tobacco Prod. Tobacco Prod A. Tobacco Pro pf. Trans Cont Oil.. Union Bag & P.. Union Pacific. Union Pac pf. ... Un Alloy Steel.. United Fruit United Ry Inv Utd Ry Inv pf. Utd Retail Strs. U S Cast I Pipe.. U S Hoffman M. U S Indus Alco. U S Realty. U S Rubber. U S Rub 1st p! U S Smelt&Ref.. U S Smelt&R pfo U S Steel. . U 8 Steel pf. Utah Copper Utah Securitie: Vanadium Corp. Va-Car Chem. Va-C Chem pf. Vivadou.... ‘Wabash .. ‘Wabash pf (A). ‘Waldort System.. West Penn pf. Western Md. West Pacific. ... West Air Brke. . Westhse EI&M. . Wheeling&L B. . Wheel & LE pf.. White Eag Oil ‘White Motor. White Oil. ‘White Oil ctfs. Wickwire, Wilson Co. £84% 36 € 8475 . 104% P 3 92y 661y 90% 1144 20 22% i 14 624 ag %y 20% 1% 32 32 2824 282 25% 25% 69 69 Wiliys-Overl pf Wisconsin Cent. 32 82 Woolworth. .... 2824 282% ‘Worthington. 25% 25% Youngstn Tubs 69 69 *0dd lot. 1% Low, Last. Call Mcney..... ™~ 4% HOURLY SALES OF STOCKS. 11am. . 706 800 - 906 000 " The greatest happiness that thi: world cen give la obtained by making T CHGARD & ALTON BONDS FAVORTES Rails Lead Market—Liberty Issues Slightly Highen Prices Hold Firm. BY GEORGE T. HUGHES. coinl Dispateh to Star. NEW YORK, December in the bond market opened the week with firm and moderate ac tivity: The prices rails assumed the the Chicago and the favorites. The dvanced # point over « to & new high for the b tions were heavy! At this issue was up more than ten points above the low of last January. There was a smaller advanc in the refunding , which are prior in lien to the T tive o in the is t ceiv ine the in and ir this nat under speculative with foundation for all th thu sm. which stocks us w wood earnings under the hip. Compared with 1922 net me for the first nine months of present year is up ount of over carnings were to continu ite 1o the nd of the Iv would charges be cove the present capitalization but div nd requirem ts on the prior Hen and the participating preferred Ok s well and there would still he something left over for the com- mon. Reports that the road will be yrganized and the reeeivership believed to be pecula- pparent the bon, 0 per c Great Weste W n Strong. rn was another vor to- an more than w the high this case also gains. In ( Chicago G 1d whose bonds w Ay, The first 4s of ove o tin of {point, but still” well be of last February. In carnings show large £ this year net income agalust a defic month a ye ids of a slightly higher grads New Orleans, Texas and M e at 85, were up a po iew’ high for the year, Iso a new high for all time New Orleans, Te nd Mextco is Very mmmsperous carric nd pavs 7 per eent stoel The d, howe terest o carned, cumutatih, Elsewh road list prices were great chan Among xax a in- n- rail- steady without tions United Rall- wttracted attention . points to 64 new high Railwey first 5x were fractional horough b the industrials s0ld up to 70 Mexican Issues Active, possibly i W American Telephe 3 cent de and and Union L offered today the issue pric TAPOINT BREAK industry legraph in b 0,000 nt fraction st bonds above March Contracts Off $5.50 Per Bale From Recent High After Today’s Opening. By 1he ated Press § W YORK. Dece 2 —Th cotton market broke 74 points shortly T the opening today. March e down to 36 cents or £3.5 from the recent high. In- d crop es tes by private au- thorities caused @ general unloading movement following weakness in the Liverpool market. This break brought of buying and the early fluctuations were irregular with the tone unset- tled. mphis authority estimate th 00 bales or 500,000 b some of the m imum figus cently circulat Liverpool cabl {demand but { pending the el | Estimntes Lower g December market on the Assoc con- great deal we i the first call sliding off under he | 8 1 gher private crop \ have been current of ing the yield at 9,904,000 t 10.074,000. The strongest near positions were 20 points up on the opening. At the first half hour the list under the final end of the stood 48 to 70 points sales of last we January traded as high as 36.70 and as low as 35.90. Cotton Bids at Noon. W YORK, December 3.—Cotton .. steady OVER-OCEAN RADIO MARRED. LONDON, December 3.—Attempts to listen in_on American radio broad- casting Sunday morning were unsuc- cessful owing to atmospheric condi- tions and stations in the United States were heard only intermit- tently.. : RETIRED CAPITALIST DIES. MIAMI, Fla, December 3.—Robert Keating Roof, fifty-seven, retired i capitalist of Buffalo, N. Y., died here iearly today from pneumonia, con- itracted while surf bathing here re- cently. He afrived in Miami about en days ago aboard his yacht. 2314} 1 CALL MONEY LOWER. ! NEW YORK, December 3.—Call i money easier; high, 5; low, 41%; rul- jing rate, 5; closing bid, 4%; offered at 4%; last loan, 413; call loans | against acceptances, 4%. Time loans. firm; mixed collateral, sixty-ninety days, 5; four-six months, prime commercial paper, 5 METAL MARKET. NEW YORK, December 3.—Copper quiet. Electrolytic, spot and futures, 13%a% ; tin, steady; spot and futures, 47.50 to 47.62; iron, steady; No. 1 | northern, 0 No. 2 northern, southern, 20.00a22.00 ead,firmer, spot. 7.00a7.25 ; zine, quiet East 8t. Louls, fi' and nearby, 6.95; —Trading up’ hich earns | mon | N COTTON MARKET, 13 to§ 'MONDAY, DECEMBER 3, 1923. [cxszv vou BONDS o ] Received by Private Wire Direct to The Star Office. (Bales are in $1.000.) UNITED STATES BONDS. (Fractions - represent _thirty - seconds. Example: 98-3 means 98 3-32.) High. Low. Close. 99-30 99-28 99-28 98-10 9 98-10 98-7 98-8 98-7 99-5 99-2 99-5 98-8 98-4 98-7 99-17 99-15 99-16 FOREIGN. Sales, High. - 13 102% 15 6 42 Lib 3%s. Lib Ist 4%s Lib 2d 4148, Lib 3d 4. Lib 4th 4 US4%s19 Low. Close. Argentine 102 Aus Belgium 7 Belgium 6s. Belgium 8s. Bern §x. Bolivia 85 Bordeaux 6s. Brazil 7s. 108% 108% 81 B4 5% 6% 782 T8y 4% 9915 101 994 Canada 5 Chile §5 192 Chile 7s 19. 5 Chinese Gov Ry § Copenhager Cuba 535 ctfs Denmark 8s. Denmark Dutch aris-Ly's-Med 6s. Que. nsland 7s.... Serbs Croats Swiss Confed $s. . . | Ud Kingm Ud King: 1124 1074 (L& R 15t 5. mIt&R s, . Armour of I Asso OIl Bs re Atlantic entral Leather as rro de 1 Chile Copper s. Commonwth P Con Coal Md 1s Cubs Heu jDery (D G) 7s. } Det Edison ref Donner Steel . Du Pontde N7 | Dugquesne Light ¢ Est Cuba Sug 7las. i Fisk Rubber 8¢ Gen Elec deb b 1 Gen Refractre drich 61 Hlinois E Indiana Int Mer ) o o wamSratioanhoem I'hila Co ref & {Sinclalr 0il 7s. n Crude 011 Crude Oil Pipe Line 95 100% 1021, 96 9215 1021, 1077 1067 1099, 84 1031 10215 881 96 8413 673 103 4 108% 3 10715 71 87 95% 94% % 101% 931 Por Rico Sug Tube 75 § t Orfent 7s.. Tenn Elec Pow 6. Tide Wat Oil Tobaceo Prod Toledo I Unit Drug cv 7S Rub 1st rf Rubber 7 IS Steel s € 5 Utah Pow & Lt Vertientes Sug 7s. Va-Car Chem Va-Car Ch 7 Warn West Union 6328 stinghouse Wickwire Spen 7s. Wilson & Co 1st 6s. Wilson&C ev 7 Winchester A 73:s Youngstn S & T 6s. 13 Public Pays 3,400,000. On the nation’s public pay roll are 3,400,000 persons, whose wages and salaries amount to about $3,800,000,000 A vear. This means, if averaged, an assessment in taxes of $91 against every person over ten years of agoe who is gainfully employed. Exclusive of pensioners there are 2,700,000 pub- lic servants on the pay roil of na- tional, state and municipal govern- ments, who receive approximately $3,500,000,000 in pay. The 670,000 pen- sioners draw about 320,000,000 anpu- y. BUTTER IS HIGHER. CHICAGO, December 3.—Butter— Higher; creamery extras, 531 stand- ards, 50%%; extra firsts, 50%%a53%; frsts, 46a48; seconds, 4213a43 Eggs—Unchanged; receipts, 2,859 cases; firsts, 44a47; ordinary firsts, 35a40. . LEAD PRICES ADVANCED. NEW YORK, December §—The American Smelting and Refining Company today advanced the price of lead .from 686 fa .00 centa per | | C M & Puget Sd 4s. RAILROADS. Sales, High. Atchison gen 4s... 46 8% Atchison adj 4s. 80% AtlanticCLecl 4s.. 80% 96'% 80% 101 Low. 874 80% 807 96 80% 100% 82 83% 95% 66% 67 90 111% B & OSW div 3%%s. 256 B & O Toledo 4s... 13 Bklyn-Manhat 6; Bklyn R 7s'21 Canadian North 7s. 4 Canad North 6%s.. 7 Canad Pac deb 4s.. 38 Cent of Ga 6s 4 Central Pacific 4 Car Clinch & O 6s.. 2 Ches & Ohio cv bs.. 31 Ches & Ocv 4%s... 81 Ches & O gn 4%8 3 Chi & Alton 3s. 10 Chl & Alton 338 Chi B&Q Ist f 55.. 16 Chi& ETllgnsbs... 7 Chi Great West 45. 63 Chi GrWest 4s (n). 2 o Chi M &St P rf 445 31 ChiM&StPevis.. b Chi M&St P 4s°25.. 8 Chl M&S Pev 4%s. 67 Chi M&ST P 45 '34. . CM&StPgndls. Chi& NWJIs < Chi Rys 5s. . ChiRT& P gn 4s.. hi R I & Pac rf 4s, 3! ChiTn Sta 6%s.... Chi & W Ind cn 4s. Chi & W Ind 73s.. CCC&StLTL 68 AL Clave Term . Cleve Term Gs. . Colo & Sou 414s. Cuba R R 5s Den & Rio G D& RG strf Srie con ext 7 rie gon 4s . rie coa1vAS AL ... rie conv 4s B . rie conv 4s D Gr Trunk sf db Grand Trunk Ts r North gen 7 r North gen 51:8. Havana ERL&P 58 Hud & Man ref 5s. Hud & Man aj 5= 111 Central ref 4s. . 11l Central 5%3s. Int Rap Tran 53... Int Rap Tr 5s stpd. Int Rap Tran 6s. Int Rap Tran 7s... Int & GNoraj 6s.. Towa Cent rf 4s. Towa Cent 15t bs. .. hore 45 '31.. igh Vacn 4s. Louis Manhat Ry en 4s. Market St cn 58 Ml EI Ry & L 58 i i {ore & Calif 1st 5s. . MEK&TIistds.... MK & Tprinbs A MK&T4sB MK &T6s C MK&Tad Mo Pacific & Mo Pacific s 6 | Mo Pactfic gn 4= Montrl Tm 1st 5&.. O Tex & Min 5s. Y Cen deb 68 Y Cen deb 45 X Y Cen LS cl 3%s. New Haven cd 6s.. 10 ew Haven d 4857 1 ew Haven is..... 3 ew York Ry rf 4s. Y Ry rf dsctfs. . ew York Ry aj 5s Y Rys adj bset.. Northern orthn Pacriés. . orthern Pac fs D. Ore Short Liref 48. Ore-Wash 1st rf 4s Pennsyl gen 5s. o I’ennsyl gold 7s. . vlcon4s.. Fere Marq 1st §s. . Pere Mrq 1st 45 " s ) NS 6 2080 10 G West cl 4s. . TATK & Ldlys 2 e 1" adj 63 StL&SFplsC.. StLS W con 48" San A & Arn P ds.. P & KCShL 418, 1'd AL ds sta. . Seab’d A Lref 4s., eab'd A Ladj 5 eab’d A Licon 6s.. Sou Paclfic 45 1929, Sou Pacfic ref 4s... Southern Ry 18t 53 Southern Ry gn 4s. outhern Ry 6138, . thern Ry 6 Ave adj 5 IO RGNB ISR K e @ & [Tol StL & W 4 clst4s . acIstrfds Union I Union 3 | Union By 961, 58 0% 60ty 53 77 ern Md 4s Western Pacific 4 Wheel & L E cn 5. 10 Whel &LErf 434s. 3 Wisconsin Cent 4s. 5 TOTAL SALES (P. 1lam. 1p.m. 8013 53 77 af Value) 5034000 2p.m.. —_— JIGN EXCHANGE, (Quotations furnished by W. B. Hibbs Nomiual ol tod [05381, L4681 Rerlin, Rome," lira Zurleb, frane Athens, drachm; Budapest, T'rague, crown. Warsaw, matk Copenhagen, cror Christiania,’ crown. By the Associated Press. NEW YORK, December 3. exchanges easy; quotations (in Close, A% 804 807, 06 80% 100% 82% 83% 5% 66% 87 9048 11% 11 814 100% 86% 95% 89% 87 84y, bb6% 351 99 kel 51 48% 51% 49% 547 68 b4 T1% 95 1% 58 35% 68% 3114 30% 14% 58% 60ty 53 ks 2868000 12 noon 3831000 7695 000 & Co) Selling checks, day. 80 per trillion, 043315 ~—Foreign Unit- ed States dollars): Great Britain, de- mand, 4.34%; bills on banks, 4.31%. mand, .0637%; cables, .0638. demand, .0432%3; cables, .0433. gilum, demand, .0463%; cables, cables, 4.34%; sixty-day | highe France, de- Italy, Bel- L0464, Germany, demand, .0000000000000002 cables, .00000000000023, mand, .3786; cables, demand, .1486. Sweden, .2625. Denmar! erland, demand, .1745. .1303. demand, 791, Noi Greece, demand, .0190. .00000035. Holland, dy rway, deman demund, 1796 Swite: Spain, demand, Poland, Ciechoslovakia, demand, .0292%. Jugoslavia, demand, .0114. Austria, demand, .000014. Ru- mania, demand, .0051%. Arnnntn. 895. demand, .3150. "Brazil, demand, Montreal, .97 15-16. —_— 0! FISHER'S PRICE INDEX. NEW HAVEN, Conn., December 3 | el ).—Last week's prices averaged The pur- ( Spect; 151 per cent of pre-war level. chasing power of the dollar was 6 6 4-10 pre-war cents, Average for November was 152 cents, FINANCIAT, Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. =~ Slow dealing was reported this morning, the usual condition the first of the week. Prices of practically every com- modity were about the same as ‘he close of last week's market. Attractive displays of fruits and vegetables with a falrly good sprin- kling of poultry continues to give the market something of a holiday ap- pearance, * It will ba about two weeks before dealers will begin the slaughter of turkeys for the Christmas hollday season. Eggs—Strictly fresh, selected, can- dled, per dozen, 68; average recelpts, 56; storage, 35a36. Live poultry—Roosters, turkeys, per 1b.. 38a40; ens, per Ib., 25a26; kea 60a70; fowls, per Ib., 23a24. Dressed ' poultry — Fresh spring chickens per 1b., 30a32 ers, per Ib., 28a30; hens, per Ib turkeys, 42a45: keats, each, 80a85; roosters, per Ib., 20. Game—Rabbits, No. 1, per 4.8026.00; No. 2, 3.00a2.40. Live stock—Calves, choice, per b, 12; medium, per, 1b., 11; thin, per_1b., 8al0. Lambs, spring, per 1b., 13. Live ?,I;s. 3.00a5.00 each; live hogs, per Ib., per 1b., 16; spring chick- young, each, “dozen, Green frujts—Apples, per basket, G0a 2.00; per barrel, 2.00a6.00. Califor- nia’ oranges, per crate, 6.00a7.0 Flo a4.50. Lemons, per box, 3.50a4.50. Grapefruit, 3.00a4.00. Cran> berries, 5.0026.00 per one-half barrel. Grapes, California Emperos, 1.75a2.00. Vegetables—Potatoes, No. 1, 225 a2.50: No. 2, 1.00al.50. _Potatoes, round, ‘per hag, 2.00a2.25; sweet, potatoes, 4.00a5.50 per bbl. Southern lettuce, ‘per crate, 2.0023.00, nearby, 50a1.00; Iceberg, 4.00a4.50. Cabbage, northern, 1.50a2.00 per_ 100 lbs by. 1.00a1.50 Dbbl. Tomatoe: bushel basket, v, 76a2.50. Beans, southern, per basket. 30024 00. Ps per basket, 3.50a5.50. New York ce ery, per crate, washed, 5.50a6.00; rough, New York, 2.50a4.00; fornia, 5.5026.00. Squash. Peppers, per crate, Florida, Eggplan. 4.00a5.00 cucumbers, per rots, 100-1b. sack, GRAIN AND PROVISTONS. December § (S ~—Potatoes—White, 100 1bs, Ibs, 1.00a250. Sweets and bbl, 1350a4.50; bushel, 1 Beans, bushel, 2.00a3.50. Beets, 2.0025.00. Brocoli, bushel, 25a30. Brus- sels sprouts, quirt, Cabbage, 100, 4.00a6.0 Carrots crate. plant, crate, 2.00a5.00. 25a30. Lettuce, bushel, fons, 100 Ihs., 2.00a3.00. 100, 5.00a7.00. Parsnips. 50. ' Peas, hamper, 3.00a5.00. crate, 3.00a5.00. Pumpki a15.00. Spinac crate, 2.5083.50. ado. Apples — Packed, bhl, bushel, 50a125; box apples, 1 loose, 100 1bs., 1.00a Cranberries, bb) 49.00. Grapefruit, box, 1 250, Oranges, Lox, 50, Pears, bushel, 1.0023.75. Plneapples, 3.0024.50. Settling Prices on Grain. No. 2 red winte No. 3 red winter, .2 “red winter, garlic domestic, 1.07%: export, 1.07% red winter, garlic spot, No. 4 red winter, garlicky, 1013 Sales—1,480 bushels grade winter, garlick bushel; 936 bushels of sample grade winter, garlicky, at 1.00 per bushel. Corn—Cob, new, 4.00 for ¥ ¢ 4.80 for white per barrel spot, no quotations: trac low, No. 3, new, 99 as Sales—Bag lot of new, at 80 per bushel of No. 4 mixed, new, Oats—gNo. 2 white, new, hite, “new, 513 Rye—Nearby, 75a85; Spers, 10.06 5. Squa Turnips, bushel, 3 1.0414 spot, of sample vellow, bushels “y—Receipts, 89 tons. The local hay market is quiet. with present offerings more than buyers moderate Big baled frregular valu, /1 light el ed, 24.00a! Q0a 1 clover clover, 24.00a2 . 1 straight tv tangled rye, 1 wheat, 13.00a14.00; 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, Poultry — 20a30; Leghorns. geons, pair. 35a7 Drre 20a35; chicke 16; ducks, gees Eggs (1038 off) —Native and nearby firsts, dozen, 52; southern, 0. Butter—Creamery, good to fancy, pound, 50abi: prints, 54a56: nearby creamery, ladles, 34a35; rolls, 28ad: store packed, 28; dairy prints, 25a3 process butter, 39. TODAY'S CHICAGO PRICES. CHICAGO, December. Although reports that Germany had completed negotiations for a new loan gave wheat values an upward tendency at the opening today, the market soon declined. Upturns in price met with aggressive selling and there was a lack of absolute support from huyers. A sudden break in the corn market added to the weaknwss of wheat. After opening unchanged to S higher, December, 1.04 to 1.04%, and May, 1.09% to 1.10, wheat underwent a moderate general fall. Selling on the part of houses with eastern connections put the corn mar- ket on the downgrade, despite wet weather and smallness of receipts. The opening, which varied from un- changed figures to % higher, May, 7413 to 74%, was followed by a sharp drop all around. Oats held relatively firm in the abe sence of any decided pressure, start- ing unchanged to cher, May, 45%% 0 43%, and later vielding but litt Provitions, although dull. were firm, in line with the hog market WHEAT- Open. High. Low. Decemtier T4 108 May - Ty 110% July UUNTT IRt Yo CORN— December E u OATS— December 1. 1105 20sy 10.00 10.05 10.00 January L) i May CHICAGO LIVE STOCK MARKET. CHICAGO, December 3 (United States’ Department of Agriculture).— Hogs—Receipts, 67.000 head; 5 to 10 bulk, good and clhoice 210 to 325 pound butchers, 7.10a7.25 7.30; desirable 160 to 190 pound a ages, 6.7587.00; packing sows, 6.60a 6.8 weighty slaughter plgs, 6.00a 6.25. Cattle—Receipts, 30,000 head; slow, uneven: fed steers, yearlings and fat she-stock, weak to lower: top vearlings, 12.25; several loads highly finished yearlings, 11.50a12.00; rela- tively short-fed steers, 9. part load show heifers. 11.00; bulls, steady to strong, 3.76a4.25; vealers and can- ners, steady to weak; bulk vealers to packers, 9.00; bulk canners, 2.50a2.65; stockers and feeders, steady. Sheep—Recelpts, 26,000 hoa lambs, fully 25 lower; -sheep feeding 1ambs, strong to 25 highe; and choice fat lambs, 12050a12.7 natives, 9.50a10.00 choice light- ght fat ewes, 7.00; good to choice aged wethers, 8.25; choice feeding lambs, 12.65. top. A creamy white flour made from per cent and 658-10 pre-war ¢dried oysters {s used by the Japanese Irving Fisher, Yale e e iR, stews and also is | | ! NEW PLAN IS READY N DOLLINGS CASE Stockholders’ Committee in Favor of Bond Issue—Local Stock Trading. The Dollings stockhotders® pro- tectlve committee, in a letter to the stockholders of the bankrupt organ- ization, suggests that a first mort- gage bond, or a series of such honds. sufficlent to pay off all current debt and leave a sufficlent sum for tem- porary operating capital, be placed on the physical properties of the bankrupt subsidiaries. This, accord- ing to the letter, offers a posstble and entirely feasible solution of the “cur- rent” indebtedness of the several companies involved. As to the intercompany indebted- ness, the committce feels thar in some cases such first mortgage loans can be reasonably extended to a par- tial payment. This ~debt, however, should be taken carc of, says the committee through the issuance to the creditor corporations of series of second mortgage or debenture bonds, being spread over a sufficient term of years to enable the debtor corporations to meet them in full at their maturity from time to time, with interest. The committeo finds that the phy- ical properties of these companies, few minor exceptions, are all and clear of incum- sort; that the current wount of working capital -cessary in most cases to proceed jwith profitable business operations is by no means alarmingly large. With merchand creditors and permanent credi tisfled in this manner. the c - belleves that directorates of men of unquestioned integrity will suffice to eliminate all reasons for recelverships to be con- tinued. They also urge a reduction in capitalization in order to create i fund for the redemption of hond issues. The reconstruction plan has been submitted to the American Bankers' . as well as stockholde: yiew of obtaining the operation “of that assoclation, to- zether with the state bankers' asmos ix states in_ which re chiefly held, and operation and 1 banks and ban Tigently advising the f the settlement procedure. Bank Plans Big Opening. The formal opening of the new build- of the International Exchange 1k, just completed on the corner 5th and H streets northwest, will 4 Thursday from § a.m. to § p.m.. when P it Joseph Schiavone and the off nd_directors of the bank and cusjomers. The new building is of white lfme- tone, three storfes high, 160 feet deep 1 thirty-five feet across the front les _commodious quarters for flices of the bank. and on the third are seventeen office rooms. The for of the bank is done in Ital narble and mahogany, and will have. when completed, a modern vault with afe deposit boxes, most of ready rented. for the opening Thursds center on the reception at 6 p.m. of the Italian ambassador. Prince Caetani, and most of the embassy staff who will arrive to inspect this latest manifestation of the progress of the Italfan element in Washington finan- cial circles. Mellon Issues Bank Call Secretary of the Treasury Mellon has called on national banks of the ntry to pay into_ their reglonal members not later than tomorrow per cent of the proceeds of the mber 15 sale of Treasury certifi- with them on deposit total approximate leaving about $36,351,4 he banks of the country Trading on Stock Exchange. A light though relatively even vol- ume of trade at unchanged prices was transacted on the Washington stock exchange this morning. _Attention was equally divided between the two 1 Bank will Commercial National stoct gained a full point to 141 on sales of fifteen hares, while both Capltal Traction and Lanston were pegged at their previous close, 8% and 71%, re- spectively On the bond side Washington Gas s brought 9313, with the 6s firm as par and a quarter. Capital Traction s sold at 94 and Wardman Park Ho- {U. S. EXPORTS DOUBLE OCTOBER IMPORTS Commerce Department Gives Out TImportant Monthly Trade Figures. Exports from the United States to rope were almost double the valus of imports during the month of Octo- ber, according to Commerce Depart- ment figures issued today. South America was the only world terri- {tory from which the United States took commodities much in excess of the export The v r imports from that cont 5,980,000, whil. exports wefe valued at $21,868,000. R A LIVERPOOL COTTON. LIVERPOOL, December 3.—Cotto —spot, good demand, but business moderate; prices steady; good mid- dling, 08; fully middling, 21 g iddling, 2143; low middling, 20.i good ordinary, 19 ordinary, 19.0% Sales, S.000 bales, including 5,500 American receipts, 14,000 bales, in Cluding 1500 Amerl Futures closed ; Jan 21.07 eptember, 1 October, December (1924), 16.47. LABOR FIGHT LOOMS. CLEVELAND, December 3 (Spe- cial).—The launching of a new buils ing trades council in Cleveland is expocted to precipitate a long fight aniong labor unions in the construcs tion industry. The new body fs exa pected to center around the sheet Tnetal workers, hoisting engineers and iron workers, while the old coun- el will rally forces around the car- penters and elevator men. OIL OUTPUT REDUCED. DENVER, December 3 (Special).— Completion of a test in the Salt Creek fields at thée end of last week showed gross production with all wells oper- Ating at capacity of approximately ,000 barrels a day, compared with 000 barrels last July, when the test was made. As a Tesult, pros to abandon tem- porarily their pro-rating policy, The number of new wells, however, will continue to be restricted. 17.00; Fair Boarders of Forty. One student of oddities in legal ac- tions = come to the conclusion that there are many women who make a comfortable living and lay aside a competence by bringing breach of promise action: ‘The usual huntipg ground for these professional charm- ers is the b ding house, both in Amcrica and England, and-the mid- dle d but well preserved woman urou':;l forty nhuskend m'cu‘l.:r success at tl game than does tl youlgew Rut Jess xperienced it . . . .