Evening Star Newspaper, December 8, 1923, Page 14

14 ¥ FIN ~ SOME STOGKS UP NEARLY 13 POINTS Short Saturday Market Sees Soaring in Special Issues. By the Associated Press. NEW YORK, December §.—Strength and activity of high-priced invest- ment ghares was the feature of to day’s brief but active session of the stock market. Resumption of pool operations also was noted in a num- ber of low-priced indus but the top quotations were dled by a wave of selling in the final hour. A temporary show of streagth in the railroad group resulted in New York Central and Baltimo) 1d Ohio touching new 1 tops, but gaims were reduced later by the heavy gelling of the northwestern carriers, peveral of which dropped 1 to & points. Liggett & Mye Atlantic Refinin American Ice were Strong spots of the selling 4 to nearly yesterday's closi The closing was ular. approximated 700,000 shars: MANY STOCKS ACTIVE. ri sha General Electric, Fisher Body and the out ting industrial list, points above Sales| Motor Accessories in Extra Good | Demand—Notes. BY STUART P. WES Bpe Dispateh to the S NEW YORK, December $-—The Yeaders in today's market were some of the moto: )r parts stocks, @& few of the ste and olls, and the shares of the el companies. Studcbaker abov 1086, General Motors at 15 and Chandler above 63 were some of the accom- lishments in the motor Eroup. ter {n the session the demand shift- ed more to the motor A& ssories, like Stewart Warner and American Bosch Magneto. The contention here ‘was that these stocks were entitled to more recognition than they had ing, especially with the Ford Motor tics on the autommbile trade and th‘ optimistic predictions regarding the early manths of 194 Tobacco stock: appeared, time belng at ate, to hav oounted the ne that a new com- pany had been forined, details of which are expected to be made pub- lic on Monday. Schulte and Tobac Products were both a sold in <he last hour after having made new highs at the start. 1f Tobacco Prod ucts parts with | inters of T Cigar Stores, -after having 1 nearly all its manufacturing to American Tobacco, It will become almost entirely a hold! The campalgn In th 2 tor truck concerns: and White —was helped today by a news story quoting Thomas A. dison in favor of motor transportation by railroads Both Mr. Edison and a prominent rail road banker have declared that the motor car running on rails for branch 1ine passenger service would save the railways of the country $60,000,000 or more annually. The tdea has been put into practice by several raflway systems in the east, and officials of the leading truck companties have stressed in thelr opin- fons regarding the outlook for the in- dustry. It is reported that early In 1924 Martin Parry stock will go on a $4 annual dividend basis, an Increase of £1 over the present rate of distribu- tlon. Earnings for 1923 have been timated at approximately $6 per share. Basis for the talk of higher “ividends and inc ed profits {s the business which Martin Parry s book- ing, especlally with the Fort Motor Company. O the largest orders for commercial bodles ever piaced w reported in October by this company an assignment of 1,000 commercial Dodles to Japan. _— TRADE CONDITIONS. Holiday Business Overcomes De- pressing Factors. W YORK, December street’s Review today says: While mild weather, rains, or bad roads are variously reported a draw- back to final distributive trade, poor crops also being a retarding influence in parts of the south and northwest and depression In the petroleum and 3.—Brad- soft coai industries also being noted | in some areas, the impetus given pur- chasing by the approach of the holi- emed to make up for Wholesale and jobbing ended to quiet, as have some lines of ustry, the disposi- tion being to enter the new year with small inventories. Notwithstanding all these drawbacks, most of which were present also in November, how- ever, the tenor of reports as a whole show slight change, and falr to good their | plants | ANCIAL. THE TEVENING STAR. Received by Private Wire Direct to The Star Office Open. High. Low. 30% 80% 30% 81 31% 30% 42% 421 41w 33 33% 33 46% 44% 26% 2 14% 13% 7 71 34 32% 6 6 34% 33% 43 46% 13% 43 48% 13% 86 B5% 13% 13% 2% 12% b 1% 48% 5% 1% 12% 83 484 11 13 33% 29% 25 1% 30 25% 9 Open. High. T 4% 9% M 6% 6% 1 1 68% 69 1 11 45 45% 11% 11% 3% 38 84% 37w 76 Magma Copper. Mallinson & Co. Manhat El Sup. . Manhain El guar Manhat Sbirt. .. Maracaibo Oll. . Market St Ry. .. Market St prior. Marland Oll. ... arlin-Rockwl. Martin-Parry. . Mathison Alklll. Maxwell (A)... Maxwell (B)... | May Dp Store Adams Express. Adv Rumley.... Ajax Rubber. Alaska Juneau. #1lled Chem. ... Allled Chem pf. Allis Chalmers. . Am Agr Chem Am Ag Chm pf.. Am Bosch...... Am Brake Shoe. TTh AmCan.... 10434 104%% Am Can pt. . 109% Am Car & Fady.. 165% Am Chain (A).. 23 Am Chicle Co. .. {Mex Seaboard. . AmCotionon 7 ’ | Mex Seabd ctfs. Am Cot ON pf | Miaale St o1 Am Cot O ctfs. .. Minn & St L. Am CotOpf ctfs 3ting StP & 3 PR Mo Kan & Tex. . Am H & Leath MK & Tex pt.. Am H& Lea pf.. Mo Pacific. ..... cuit - Mo Pacific pf. e Montg'y Ward. . Am Locomotive. jMooaMato Am Radlator. MotherEo ‘Am Roll Mill pf. Nash Motors. ... Am Safe Razor. Nat Biscuit. ... Am Ship & Com. Nat Cloak & S pt. Am Smelting. Nat! Enamel Am Snuft Natl Lead. . Am Steel Natl Lead pf.... Am Sugar. Natl Ry of M 2d. Am Sugar pf Nat Supply..... Am Sumatra. ... Nevada Copper. Am Tel & Teleg. N Or Tex & Mex. Am Tobaceo. ... N Y Central. ... Am Tobac (B) NY Chi &St L., Am Woolen NY Chi& StLpf. |Am Writ Prpf.. NYNH&Harttd. Am Zinc & Lead Norf & Western Anaconda. North Amer. . Armour of Del pt North Pacific. Arnold Constab Nunnally Co. A clnlaon; Qntatio Silver.- ‘Atchison. .. ¥ Orpheum Circuit. | Otis Elevator. | Atchison pt..... st > Atlan Bir & Atl. tsSteet. - Atlan Cst Line. . Otia Steel pf. ... Atlantic Fruit.. Pac Gas & Elec. Atlantic Guif. Pacific Ofl...... | At Guit pt. Packard Motor. Atiantic Ref. Pan-Am Pete. .. Atlas Powder. ... Pan-Am P (B).. ‘Austin Nicnola. Parrish & Bing. Auto Knitter. Pennsylvania Baldwin Loco e Balto & Oklo, Peoria & East. . Barnesdall (A). Barnesdall (B). Pere Marquette, Pere Mrq pr pf. ech: Pack. i Philadelphia C Phillips Jones. . Philip Morris. Phillips Pete. Plerce-Arrow M1erce Ar pt Plerce O1l. . Pitts & W Va... Pitts&W Va pf. Postum Cereal. . Produc & Ref. .. Pro & Ref ctfs.. Pub Service. . ub Serv 8% pf. F'ullman Co Punta Alegr: PureOfl....... Pure Ol 89 pf.. Ray Con Copper | Reading Reading 1st pt.. | Reading 2d pf.. | Remington. ... 12 | itep Ir & Steel.. 14% | Rep Ir & Stipt.. 25 | Reynolds Spr... 615 | Rey Tobac (B). 10s | Royal Dutch. 24 |Rutland Ry pf. 7% | St L&San Fran.. 4% | St L&San Fr pf. Zin | St L Southwn 16% | St L South pf. 51| Savage Arms 25% 26% 97 b1% 94 40% 127% 110% 2 67% 12 98 105% 6% 104 127% 60y 166, 104y 73 55% Y2l ain 1109 Booth Fish. Bklyn Edison Briin-Man T pf. | Bklyn Rap T fp. Burns Bros (B). | utte Copper. Butte & Super. Caddo Oil. Calif Petrol. Callahan Zine Calumet & Ariz. lumet & Hecla Centran Le Cent Leath pz... Cent RRofNJ.. Cerro de Pasco. Chandler Mot. .. Cnesap & Ohlo.. Chi & Alton. . Chi & Alton of.. Chi Grt West. “hi Great W pf. ChiMil&BtP.. Chi Mil &St P pt Chi & Nortawn. Chi & Nwn pt. Chilileruc... ChR1& P 6% pt Chi StP M & O Chile Copper- Chino Cupper Coca-Cola | Colo Fuel. Colo & South. Columbia Gas Comp Tabulst. . Congoieum Co. .. 1810 | Conley Tin Foil. 9% | Cons Cigar. 1i% | Cons Gus of 59 | Cons Textile. ! Cont Can. - { Continental Mot {Corn Products.. 1 “osden & Co | Crucible Steel. . ! Cuban-Am Sug. { Cub Am Sug pt. | Cuba Cane Sus. | Cuba Cane S pt. | Cuvan Dom'can. | Cuban Dom pt.. | Cuyamel Fruit... | bavison Chem. | Deere Co pf. . | Del & Hudson D Lack & West. Dome Mines. | Doulas Cor; ; | Dupont (B 1)... 181 Eastman Kodak 107% | EatonAxle &85p. 6k | Etec Stor Bat... 64 | Elk Horn Coal.. 13% | Endicott-dohn.. 66% Erle. 215 krie 18t Pt 294 Erie 2d pt. 26% Famous Players 71% { Famous Play pf. 87% | Fitth Ave Bus.. % | Fisher Body. ... 171% Fisher Bof O pf. 98% 45k 19 1% B0 214 4ty it 72 R 104 a% 12 1ats 26 2 . 108 24% Tds 48k 2T Seabourd Air L. Sears Roebuck Sinclair Skelly o1l Sloss-Sheflield. South Pacific. .. Southern R¥y.. Spicer Mfg Co. ! Stotl of Callt. | Stand 011t NJ | Stew'd-Warner. Strombg Carb.. Studebaker Studebaker pf.. Submarine Bt Superior Oil.... Sweets Co of A., Tenn Copper. Texas Company, rex Gult Suiph. Texas & Pacific. Tex & P C & Oll. Timken Bearing Tovacco Prod | Tobacco Prod A. Tobacco Pro pt. Trans Cont Otl... [ 519 95 Lok b3k 5 T | 47ha | 64 75 62 110 | 1us | 193 125 1807 107% 256% 64 13 65% 213 Underwood..... Unien Ofl. Gnion Pacific. .. | Un Alloy Steel.. 71 | United Drug. 7% | United Fruit. o, | United Ry Inv. Utd Ry inv pf. 9y |USCastlPipe.. 9% 171% 174 NEW YORK STOCK EXCHANGE Close. . | again jthe bett {and the outluok | further bu ! vance MEXICAN BONDS IN SHARP DROP Eries Again Hold Center of Rail Interest—Liberty Is- sues Unchanged. BY GEORGE T. ¥ Speclal Dispatch to The Star. NEW YORK, December 8. GHE The bond | | market of today maintained the gen- | {erally firm tone which has charac- | terized all the week. Interest, how- ever, was concentrated almost exclu- sively on either the more speculative | 1ssues or cortain of the new offering distribution of which has not been completed. | The new Amerfcan Te Telegraph debenture support of which w day, held at 9% or the 'tssue price of achlevement for R to $100.000,000. There good market for the Paul Union | Depot 5s, but the new Pan-American Petroleum 6125 lost ground, perhaps in sympathy with the reaction in the stocik. | The . ephone and | yndicate Fri- | nst | L noteworthy ue amounting | was also a favorable reception accorded W offerings and the sub- | irse of the same has great- | weed investment bankers | at the week end is | regarded as bright Further Buying In Erf In the speculative group t priced rails and stions held | the center of the Therg, was | ng of bonds all of | up from one to two points | The a quent 1y emcou tow- | which are on the weck ;obligations has 1 L reaction very tone the genera serles of convert speculative favor, 48, which more n investment status, e also eagerly bought. | In the bond n ket the ex: of the rise in - securf that generally ¥y those | | ested in the stock, name some change of control Bond trade insist in eCo; of itmproved financial posi of the road. While Erie obligations h: been the most promin other spe ulative ralls have had their im- also. This is notably the and thr 48 which found that the ition ad- an the consoli. today, week Status of Tractions. trac on the Among tions L boroukh |1s 20 | e 844 ' 59% 43 1124 T 5% - 6y 15% 1% 268 | 284 | 22% 07 | 6t | 105% 115 11 | 23 | 8% | 9 41% | 60 21% 9% 38% 75% the the S Curiously e tan trans! hanged, ctive bonds « all the 1 in view of t ing stat A s Hu lea ain has been rec 1 Manhattan The w mem been Chicago new low record week. Industrial s SE ond except for a ties. High gr sth rails States government 1 but with little change In pr Mexican Issues Dreak. Steadt indust turther de side. The week's ne 226.000 of which y finar ing formed alm, | COTTONINBREAK OF §4 PER BALE Tumble Follows Ginning Re-f port by Government—Re- cent Drop of $16. | By the Associated Press. | , WASHINGTON, D. C, SATURDAY, DECEMBER 8, 1 [oxvrv von BONDS o ] | Pactfic Gas & F1 58 Received by Private Wire Direct to The Star Offica. RAILROADS. ‘Bales. High. Atchisongends... 11 87% Atlantic C L 1st 4 874 AtlanticCLecl 4s.. 51 82% 96% 81 100% 83 84% 8 95% 67% 91 112% (Salos are in $1.000.) UNITED STATES BONDS. (Fractions _represent _thirty - seconds. Example: 98-3 means 98 3-32.) Saly High. Low. Lib 3%s 76 99-29 99-28 Liblst4%s.. 6 98-10 98-10 Lib2d4%s... 136 98-10 98-8 Lib3d4%s... 161 99-9 99-T Lib 4th 4%s.. 247 98-11 98-9 US4%s1962. 243 99-17 99-16 FOREIGN. Bales. High. 1 102% 26 874 9 9T% 48 97 1 98% 16 86 6 6% 11 78% 24 95% 101 99% 99% 103% 104% 95% 45 86% 89% 94 108 94 20 95% 947 96%4 92% 90% 5 94 &0 PLE& WV 43, & O SW div 334s. 12 Bklyn-Manhat 6s..147 BKIRT 782l ct... Canadian North 7 Canad Pac deb 4: i Car Clinch & O 6s. {Cent of Ga 6s. Central Pacific 4s Ches & Ohio cv bs Ches & O cv 4%s. Chi & Alton 3%s. {Chi& Alt 3%s ctfy { Chi B&Q gn 4s'58. | Chi B&Q 1st rf 68 Chi & E 11l gn 58 Chi Great West 314 | C M & Puget Sd 4s. IChl M&StPrf436s | Chi M&SL P v bs. . | Chi M&St P 48°25..100 | Chi M&S P ev 434, Chi Rys5s. ... CM&StPgn4k%s. Chi R1& Pacrf 43 Chi Un Sta 6%s. .. Chi & W Ind cn ¢s. CCC&StLrf6sA.. Cleve Term 5%s. |Colo & Sou 4148, {Cuba RRbs.. Den & Rjo G cn 4s. D& R Gstrfbs.. Srie 1st con 4s. Erie gen 4s Erfe conv 4s A. rie conv 43 B fe convésD.... Gr Trunk sf db 6s. Gr North gen s Havana ERL&P os Hud & Man ref 5s & Man aj 6s. entral 5%s. Int Rap Tran §s. int Rap Tr 6s stpd. Int Rap Tran 6s. .. Int Rap Tran 7s Int & G Nor aj 6s. . Int & G Nor 1st 68. Iowa Cent 1st 5s. Kanses City S 5s. . Kan City Term 4s. Lake Shore 45 '28 Lake Shore 4s ‘31 Louls & N unt 48 Louls & Nash 614s. Louis & N 5s 2003. Low. 102% 8T 9743 96% 98% 85 5% 8% 95 101 99% 99 103% 104% 95 41% 86% 89, 93% 108 93% 90 957% 947 96% 92% 90 75 3% 80 77 6% 49% 29 Argentine 7s Austria Ts. Belglum 7%s. Belgium 68. .. Belgium 8s. Bolivia 8s Bordeaux 6s. Brazil 7s. Canada 53 1952. Chile 85 1926 Chile 85 1941 Chile Ts 194 . Chinese Gov Ry 6s. Copenhagen 5 Cuba 5% ctis hoslovak i Denmark 8s. French Govt 8s. French Govt T%s Haiti 6 S Holland-Amer 64 apunese 15t 4%s. Japanese 4s. . Jergen UM 6s Lyon 68...... Mexlico 58 xico 4s Netheriands 6s. orway 8: 681943, 75 94 80 77 49% 29 96 110% 931 984, BE% 69% | 97 100% 89 88% 97 98 83 66% 111% 64% 108% | 1005 | Queensland 6s Rio de Jan 8s 19 Kio de Jan 88 19: > Paulo City 83 a0 Paulo State 3. ne Dept of 7s bs Croats Slo wiss Confed 88 Toklo 5s. .. Jd Kingm 5%s'29. 17 108% 108% Ud Kingm 5%3°'37. 37 100% 100% MISCELLANEOUS. Ajax Rubber §s. .. 8814 Am Chain & 6 98' Am Agr Chem SmIt&R 1st 5s. Sy 8344 65% 112 64% 66% 111% 64% Seecamnnoa~ 88% 934 9% 42 10235 1004 117% 9674 2 98 4l 88% | 4 97% 92 1024 100% 117% 97 924 984 21 Manhat Ry cn 4s.. Market Sten fs... Mil Bl Ry & L 5s. . M&StLrfex5s.. MK &T1stds.... ¢ TprinbsA 1K &T4sB MK&T6sC MK&T Mo Pacific Mo Pacific 5s ' Mo Pacific gn 4s. Montrl Tm 1st 5s. N OTex & Min 5s. N Y Cent gen 3%s. N Y Cen deb 63, N Y Cen deb 4s. N Y Centr{5s. New Haven c d fs New Haven d 43 New Haven 7s New Haven i New York Ry aj 5 NY W & Bos 4538 Norfolk & W cn 4s. Northern Pac 3s. Northern Pac 4s. Northn I'acr{és. Ore Short Liref 4s. Pennsyl gen 5s. . Pennsyl gen 4%s Pennsyl 6%s. Pennsyl gold Pennsyl con 4343 | Fere Marq 1st 5s. . Pere Mrq 1st 4s'56 AmT & Teltr 4s. Am T & T deb 5l Am Writ Paper cvab7s. 25 51 Beli Tel Pafe . 1 rf 5. teel pm S8. . f Gs... ison 7s D. T Bldg 5560, Calif T Central Lo Cerro de I'as hile Copper 6 Commonwth P Con Coal Md 15t 58 % pEexZusoBun panpchsanSoecmancenan Duquesne i i | Reading gen 4s. 114% 100% @ I'S Magma Cop cv Manati Sug sf 7 Marland Oil 733s. . Marland Oi! 8s ‘31. Mexican Petrol 8s. Mich St Tel 1st 55, le St Montuna Power 58 Morris&Co 15t 438 ou Pactfic 48 1929, | Sou Pacfic ref 4s. .. ! Sou Pactfic clt 4s. Southern Ry 1st 58 Soutiiern Ry uthern Ry 6 | Third Ave ref 4s. | Tol StL & W 4s Unlon Pac Ist4s... { Union Pac 1st rf 4 | Union Pac cv 4s Union l'ac cv 6s Virginia Ry 1st 5s. Va Ry & P 1st bs. . | Wabash 1st : Wabash 2d bs. Western Md 4s. Western Pacific 5 | Wheel & L E cn 4s. Whel &LE rf 445, Y Tel 65 '49. { Y Tel 438 . r States Pow bs. r States Pow 6s. Northwst B Te 7s Otis Steel 88 cific T & T 55 '52 Pan- 7 Phila i 102% 891y - 923. Low. Close. 87 87% 82 96% 81 100% 82% 83% 78 95% 67% 91 112% 8% 96% 100% 86% 89% 87% 84 33% 85% 987 7% 51% 52 50% 54% 68% 54% 3% 78 73% 115 72% 101% 10235 814 825 70 45% 63 55 54% 55% 58% 103 107 100% 112% | chickens at 30 cents. FINANCIAL, Grain, Produce and Live Stock LOCAYL, WHOLESALE MARKET. 87% | Poultry prices fn the local market 87% |continue higher than elsewhere, but géy‘,dealers expect a material reduction 81 the coming week. Turkey prices to- day were easler than last week, how- ever, wholesaling at 38 and 40 cents, 84% | the highest price asked by jobbers 78 |being 42 cents. ol 7% | Dealers reported the chicken market 91 as being firm. Price of live chickens was quoted at 28 cents and dressed | B2% ment Ordered—Local The market continued firm on keats. Ducks and geese were received in tities equal to the demand, and dealers said, were fairly rea- sonahle S| o EBES—Strictly fresh, selected, can- 87% | dled, per dozen, 68; average receipts. 843 | 56; storage, 35a36. 33% | Live poultry—Roosters, per Ib., 16 86% | turkeys, per_ b, spring chick- 987% | N8, per 1b., 27a29 ats, young, each, 775 | 89a70; fowls, per ih., 24a: 52 Dressed ' poultry — Fresh - killed 52 |tPring chickens per 1b. roast- 50% | per Ib., 28430; hen: e (L % Ber b 4 0 each, 80ash; 081 e) o1 68% | G emterd par b No. 2,1 n1.50. Live stock—Calves, cholce, per Ib, {12; medium, per Ib. 11: thin, per Ib, §a10. Lambs, spring, per 1b, 13. Live y:fs. 3.00a5.00 each; live hogs, per 1b., 7 78% | Bank of Commerce and annual dividend of 4 per ce capital stock of the declared, payable while the amount of ¥ The current disburse tains without interruptic payment of 8 per cent to sto per dozen, {years. Deposits of the instit per basket, 50a Caiifor- 6.00a7.00: Green fruits—Apples, 2.00; per barrel, 2.006.00, nia oranges, per crate, Florida, 3 Lemons, per box. 00350, Cran- one-half hr\rr&oL 75a2.0! LR War Savings The Feder: pting e rtiticates of th $0a1.00; northe : by, 21,5/ bushel basket, nearby, 1004300, Be southern, per basket ! per basket, 350a5.50. Ne rk cel- ery, per crate, washed, 550a6.00; w_ York, 2.50a4.00; 5046.00. Squash, 3 rate, Florida, 2 00. 1 A ;" nearby, Cabbage, 100 s near- bbl. Tomatoes, half- 81y B8% 100% 618, 614 58% | 86 42% 89% 70 85% 81% 9415 cucumbers, p “arrots, 100-1b. sack, sels sprouts, 15a20 GRAIN AND PROVISIONS. BALTIMORE, December % ec atoes, white, 1 fai e 150 pounds, 1.00a2. wee barrel, 1.5 ns, bushe i B bushel art, 10a 6.00. Savoy per 100, 3.00a5 | as.00 56% 93 H0% 16 6 T9% 65 e Dull. COMMERCE BANK VOTES DVDEAD |Semi-Annual 4 Per Cent Pay- Stock Trading Dull Today. At a meeting of directors of the avings held yesterday afternoon the regular semi t on th nstitution wa: on January 1 tockholders of record December 20 te 000 wa voted to the surplus account. ent the annual keolders { Which has been paid for the last four main- ton ar 0.000, with 3 of com s week t the tons bushel, 502 Tomatoe Apples, on odd Grapefruit 1923 MOTOR CAR OUTPUT WILL TOTAL 4,000,000 YORK, . Do 4 lots of nearby at Corn. low 50 re L aln of more th hite, new, which was in 75a85; No. 2 rve, spot, | - s the There is <h and Tip- all Low & to 5 W B inal 1 straight rye, tangled rye, 13.00a14.00; | 14.0015.00. DAIRY PRODUCTS. 963 | BALTIMORE, Md., December 55" | (special).— Poultry — Liv 75w pound, 2sain; young chi S0r | 27 Lewhorns, 20az4; ol aZ4; Eee e guinea the Assoc NEW YOF e demand day bills demand, prints, iadies, ed, 2 000,0 o 'pe 1f ¢ country t ns (in Britain Sixty 00000 Holiand. Nor' §s_the most accurate generalization | 9o% which can be mads | Fisk Rubber. in — | Fleishman. .. 45% EARNINGS FALL OFF. | Fridoiucms. 22 | Freeport Texas. 12% s | Gen Asphalt.... 36% Western Maryland Reports No- vember Income. 7% | U S Cast Ir P pf. i 46+ { U S Food Prod.. 6% {US Hoffman M 13 |USIndus Alco wen | U S Realty. 85% | U S Realty p Yo% 952§ S Rubber. . 54% 344! (S Kub 18t pf.. 191% 194k | § Smelt&Ref. 1 10% |y S Steel. 14% 14%| yeah Copper. 82 83 | ytah Securitles 48 Y8% | Vanadium Corp. 5 | Van Raalte 22 | va-Car Chem 13% 13% | Va-C Chem pf 7 | Vivadou, T 7 < | wabash..... 15 Wabash pf (A). 16 16 | Wabash pf (B) Bk s | Web & Heilbrn 221 1w | Western Md. Western Md 2d. 40% 40% | west Pacific. BT 88| West Pac pf. 19% 20% | Wesiern Union. 5Y | West Air Brke.. 83% | westhse EI&M. 62 ‘Westhse 18t pf.. 28 | Wheeling&L B. 22 | Wheel & LE pt.. % | White Eag Oll. White Motor. 103 | white 0il 1044 | wickwire. .. 883 | wilson Co. 25% | Willys-Overid. 18% | wiltys-Overl pt 4 43 | wisconsin Cent. :fg“z ég;‘; Wright Aero. .. 107% 1074 6w 6% 29% 29% 1% 12% 34% 84y 68% 68% 10%_ 10% 81 \ proces s 79% 107% 4 99 93% 87% 9T 97 BO% 954 10316 95t 1304 Switz NEW YORK, December S.—Cotton | Pierce Ofl deb Ss.. broke $4 a bale in the local market to- | Public Servic day upon publication of the govern- | ment’s ginning report. January fell |y | to 33.78 and March to 3415, new E llevels for the present reactionary | Bo% | movement. This represents a decline | Sin Crude Oil § % | 0f 315 to 316 & bale from the season's | S0, LIRS Line 62 - 63% | high point. | Steel 1% There was covering and some trade Zst Orient 7s. ibuying on a scale down, but the mar- lec Pow 6s 30% I ket was feverish and unsettled durir Tide Wat ol §34e 8% |the early trading. Liverpool cables | 'UGtuh 1ot re 55, . 80 lmade a relatively firm showing, but|( s sSteel 8f68.... 13% | the market was dominated by the gin- | Utah I’ow & Lt 5s. 11% | ning returns, which seemed to be in- | Va-Car Chem7s... 86 |terpreted as pointing to a crop of | Va-Car Ch s . 23% |around slightly over 10,000,000 bales. | vt timon otgn. .’ i:: The market had been looking for a gin- | westinghouse 7s. . 18% | Ning of around 8,100,000 to 9,150,000 | Wickwire Spen Ts 16% | bales to December 1. | Wilson & Co 1st 68 60 Big Drop in New Orleans. { Wilson & Cocy 6s. 1 110%| NEW ORLEANS, December §.—Gin- | YOunsstn S &T 6s. 2 Sis| 2B Ruren tham e Bavemment 1o ADVANCES SCORED IN WHEAT MARKET 72 |expected and the cotton market broke Cut in Acreage, Less Worry Over 9% | \wide open under them, losing 71 to 89 | 16% [ points during the first half of the | Germany and Congress News ‘Week’s Factors. demand, 6 12% 358 TODAY CHICAGU, | tuaily no buy {the wheat { prices toda: « | lings. Scattered sel om comm sion houses was to | {values downw e ¢ s 'S CHICAGO PRICES. December 8.—With vir- ng support in ev | arket dropped to lower during th a RAILROAD SHARES FEATURE OF WEFK Earnings, Merger Talk and Open- 2% ing of Congress Stir of i May 1.09% to was followed 102% Stock Trading. | s aviat farther del 95% e | Corn and oats wea 85% | After opening 102% | By the Associated Press. 4% to 7 o NEW YORK, December $—Chief | ™ fht® Mol trin Interest in this week’s stock market |advance, M 1035 centered In the brisk advance of the |showed a small 108% railroad shares, partlcularly the low- | _ Dsmand for 107 priced issues. Standard industrials|® ey, = % WHEAT— Open. o showed few important changes, al-|December 1.08% 83% though operations for the rise were |} 9% resumed in a select list of automo-; tive and tobacco fssues and speclal- ties. 1 . Buying of the rallroad stocks was | pcoeuber . influenced by high current earnings | May and car loadings, rumors of mergers |}y iy | and accumulation by powerful . i nancial interests and President . 4 Coolldge's declaration in favor of | consolidations and freight rates that ! ifay . . will yleld a fair return on the in-| vestment. Erle {ssues were again in) CHICAGO LIVE STOCK MARKET. theiforeground, reaching the higtest{ CifCACo, December 8- (United rices 5. ; P Amother sharp reduction in do- |States Department of Agriculture mastlc crude ofl production helped the | Hogs—Receipts. 14,000 head; mos oll shares, but the gains were modi- . weak to slightly low fled later by reports of new financing . Stead¥i SPOLS WELE (€ U e by the Pure Oil and other companies | bulk good an e 2 30 and the revolutionary disturbances In |pounds averages 6.90a7.03; top. 7.10; Moxico. The sharp run-up in the au- | gesirable 160 to 190 pound averages tomotive issues was based on record D e 65a6.85: packing sows large- | 3 November output and speculative ex- ( MOStly 6.65a6- . . | e pectation of big sales at the winter |ly 6.50a6.65; few desirable weighty shows which begin this month. slaughter pigs around 6.00; estimated | Pact Steel chares were rather heavy on |y ‘o= o % 400 head jERcied reports of a reduction in operationy ) hold-over. & i e and Indications of another sharp| Cattle—Reccipts, 1000 Reods drop in unfiiled orders. evenly higher; top vearlings. Another flock of extra and In-|weighty matured steers, creased dividend announcements gave | 25 o 50 up; vealers strong to promise of unusually large Christmas | or; weelcs bulk prices follows Jeot| ors. 5/5086.50; beef cows and heiler: | 2.50a 867 954 Bl 196 10% 15 83 43 9B Saarmaranoa Gen Baking.... b { Gen Cigar . Ba% Gen Electric. ... 191k Gen kiec 5Pl 1% Gen Motors..... 14% Gen Mot 6% deb. Gimbei Bros. . .. Gimbel Bros pf. Giidden. A Goodrich z Granby Consol. Gray & Davis. Gt Northern pf. Great Nor Ore. Greene-Canan. . Gulf Mo & Nor.. Gulf M & Nor pf. Gulf St Steel. Hartman Corp.. Hayes Wheel... Hendee Mfg. ... LIVE POULTRY LOWER. CHICAGO, 8 —Poultry— | Alive, lower; {18: roos keys, 22 WEEK'S BANK CLEARINGS NEW YORK., December §.—Th actual condition of clearing use {banks and trust companles for th week shows s In reserve of 6, increase of 1,100, — BOSTON STOCK MARKET. . Decembe generally b open which varied from to % low- T, with Decembe s to 1.03%, December fowls, 14 1 I Special Dispatch to the Star. BALTIMORE, Md., December 8.— Hstimated earnings of the Western Maryland Railway” Company for the four weeks ended November 30, show a decrease of $204,038.28, or 11 per cent, as compared with the corre-| sponding period of 1922, the totals being as follows: for. 1 $1,701,- 459.92; for 1922, $1.905,518.10. 'This{ stil] leaves the total for the period | from January 1 to November 30, $4.- €69,621.96 above the $16,821,045.43 for the corresponding period of last year, or 27 per cent greater, the total for 1923 being $21, 4. arnings | for the final of November showed a decrease of only $ per cent, or $41,521.44 earned for the week as | Homestake. compared with $537,106.14 earned dur- | Househ'd Prod. ing the corresponding week of 1922, | Houston Oll.... | Hudson Motors. | Hupp Motor: WOOL MARKET STRONG. ! Hydraulic St | Ilinois Central. 103 111 Cent pf £ pd.. 104% Inland Steel.... 88k inspiration..... 25% Interb Rap Tr.. 13% Int Oement. 43% | In Combust E... 26% Int Harvester.. 78% | Int Harvester pr 107% | Int Mer Marine. 6% ! Int M Marine pf. 31% { Int Nickel. 12 { Intl Paper. 84% Int Tel & Teleg. 68% Invincible Ofl... 11 | Iron Products.. b54% Iron Prod ctfs.. 49% Jewel Tea. 19% Jones Tea, 25% KansasCityS.. 20 | Kayser (Julius) 86 Kelly Spr Tire.. 82% Kelsey Whee 96 | Kennecott. 34% Keystone Tire.. 3% Kinney G R 55 Kresge (SS).... 296 Lehigh Valley.. 63% Lig & Myer: 256 Lima Locomo. 67% shade 1.03 102% 95% 8554 102% 88 83% 6819 103% 10812 1077 kd 96% 83% 94% 28 8% 29% 13% 11% 86 28% 14% 10% 18y 17w 60 110 86 61 72 8% 1% 23% b7% 5% 2% 20% 8la 4% 36 3 % up, May arket under- | round, a like and later eneral 10ss. rovisions_continued kness of hog values. | High. Low. Close, 1 1087 Log 10S% Low ot n exce This is 1 4 5 3 3 1 9 5 4 6 5 0 1 6 2 1 1 2 December . May July, 85 61 72 8% 164 23% 6% % 215 20% Bl 73% 344 closing prices t in here 23% | short Saturday session. January fell | to 33.75 cents a pound. The total| quantity of cotton ginned to the first of December, 9,243,917 bales, was at least 100,000 bales larger than even traders on the short side expected. Most of the selling was based on the fact that during the sixth ginning 13 peried production amounted to 875.23% bales, against §14,096 during the fifth, whereas general expectations were for a falling off. NEW YORK, December 8—Cotton NEW HOTEL COMPLETED, |k, Biltmore Chain Now Extended to Cuban Capital. §5i S¥a| HAVANA, Cuba, December 8.—With the new ye&r there will be added an- “9‘5 ‘19Vi'other link to the Biltmore chain of . 20% 25% !notels of transcontinental extent. 19% 20 The new Biltmore will be formally 36 36 and permanently opened in the capi- ~ 'S | tal city of Cuba. 2 32 The new Biltmore in Havana is a 06 _90 replica of the original New York 84% 34%|hotc! with the added attractions in 84 34| tho way of Spanish architecture. 65 e LIVERPOOL COTTON. $3% 63%| 1 IVERPOOL, December 8.—Cq .—Co 240 240 |gpot, moderate business; prices e:l.‘;? 66% 66% | good middling, 20.76; fully middling, 18% 18%|30.45; middling, 19.95; low middling, 64 64 (1895 good ordinary, 17.95; ordinary, 174 176% | 17.45. 90% 90%| Sales, 2,000 bales, including 1,700 American. Receipts, 38,000 bales, in- 99 99 |Cluding 36,300 American. 18% 18% 18% 18| Futures closed steady; December, 89% 89% 83% 89 |20.29; January, 20.34; March, 20.36: 9% 94% 94% 94t |May, 20.23; July, 19.73; September, 66 66 66 66 Rs‘i October, 16,63; December '(1924), 667 bl 2% 20% 8% 3% 343 13 103 104 3814 251 13% 43 ‘Week Closes With Steady Prices. Buyers Waiting. Special Dispatch to The Star. BOSTON, December 8.—Strensth, rather than activity, was the main characteristic of the Summer street wool market as the week closed. Ohio delaines were in excelient demand, but were firmly held. Considerable at- tention also was given the lower grade wools, as mills are turning to fhose products as prices advance. Holders of consigned wools here showed no signs of a change in their attitude of waiting for higher levels, and growers in the west continue to ask figures above the Boston level. RATES ON BAR SILVER. LONDON, December $.—Bar silver, $373-16 pegce per ounce. Money, 2% per cent. Discount rates—Short bills, 3% per cent; three-month bills, 3% @3 5-18 per cent. PARIS PRICES EASY. PARIS. December 8.—Trading was @ull and prices were easy on the bourse today. Three per cent rentes, B4 francs 95 centimes. Exchange on London, 81 francs 80 centimes. Five r cent loan, 70 francs 65 centimes. 'he dollar was quoted at 18 francs ¥9 eentimes. 1000 idison Eiee 0000 riner Motor . By the Associated Press. CHICAGO, December 8.—Helped by decrease of the United States and Yy, "33 6903565, Canadian visible supply totals ana quiet; middling, 35.00. ! by a large reduction of winter crop o EW oL AN, DT Sv: Do 2creage in Kansas, as well as by les- cember, 33.67 '33.75a | sened tension about Germany, the May, wheat market this week has scored 33.78; March, 33.92a33.9 33.91a | §392; July, SBAIII. L wer; |a material advance in price. Com- pared with a week ago, Wheat this o arrive, | middling, | morning was 1%al% to 1%a2 higher, with corn 1% to 1% up, oats showing 3 to 1%al#¥ gain, and provisions at a rise of 15 to 60. Gossip. that some development at ‘Washington would be helpful toward a higher range of values served to prevent any decided reaction in the wheat market until after the delivery of President Coolidge's message to Congress. However, wheat declined {in price immediately the President’s views concerning agriculture became known, and the next day also wit- | nessea’ a setback. Neither decline, | though, was sufficlent to offset pre- vious gains. Abnormally small receipts gave Cotton, spot un- 12.85; 916; low middling. 32.45; good middling, 35.37 —_— CHICAGO STOCK MARKET. | CHICAGO, December 8—Following | is a Teport of today's sales, high, low | and closing quotations at the Chicago Stock Exchange: Fales. Hi 45 Armour of Del. ptd. 94 895 Armour of Il pfd.. 817 90 Com'wealth Edison. 127% 50 Continental Motors. 7i 525 Montgomery Ward.. 20 140 Montgom Ward 9200 Stewart W 288 distributions to stockheolders this ltj:&‘ year. it Money rates were relatively easy, more time funds being available at 5 per cent. Business in the time 3% 56 300 63% 256 67% 18% 64 175% 90% 99 3.50; vealers, 9.00a | Sheep—Receipts, 2,000 head; strong | to 15 higher; top natives and fed WILL GO TO FLORIDA. western lambs, 13.40; week's bul Drices follow: Fat inmbs, 12.5013.23 | Daugherty and * Wite to y vetl y a wetl s, | e Health in Southland. 8.00a8.2 ewes, 5502 feeding | Jambs, 11.50a12.50. Attorney General Daugherty plans o spend part of the winter in Flor- BUTTER LOWER TODAY. {1da ‘in the hope of benefiting his | wife's h th as well as his own. Mrs erally firm. Print cloth quotations| CHICAGO, December 8. —Butter—|Daugherty has been confined in a held at 11% for the 64 by 60 and 13 | Lower; creamery extras, 53; stand- | hospital for almost two years. cents for the 68 by 72. Quotations |ards, 49%; extra firsts, 4914a52; firsts,| While the Attorney General h: 3 strength to corn and oats. were reduced 5 to 15 cents a pound in | 45%ad7%; seconds, 4315ad43ls. not definitely decided when he will 10 Ltiw N> Excellent shipping demand lifted |the raw silk market, where trading| Eggs—Lower: recelpts, 4,568 cases;|leave for the south, he probably will Total sales, 37,000 sbares, the provision markety was light. B firsts, 46a48; ordinary firsts, 37a40. | go early In the new year. 5 money and commercial paper mar- kets was rather quiet. DRY GOODS MARKET. NEW YORK, December 8 (Speclal). —The week closed quietly in the cot- ton goods markets, With Drices gen- Close. Seek igh. 5 a1 8415 | s 83 127% T Louis & Nash, McCrory Stor pt Mclntyre Por. ) ) Mack Trucks. ‘Why does the baby, who talks so|Mack Trucks 1st lainly to its mother, always decline i ba interviewed by, strapgeral 8075 Wrigley