Evening Star Newspaper, December 23, 1923, Page 21

FINANCIAL, THE SUNDAY STAR, WASHINGTON, D. OC. DECEMBER 23, 1923—PAR' TIRANCIAL OIL SHARES LEAD RK STOCK EXCHANGE I"°”° - sl il FUNIS ABURDANT _60% _ 318 2 Ac 21, |10100 97-26 Liberty 3d 4 66~ 4ot A A‘.'r"?x"-?uifl‘?é'.‘."' o : ,lg:lll-{f%’l;fi;t.‘." b g:% 2i (10188 9627 Liberty ith “"‘ 1383+ s FaB e 18% ‘Ajax Rubber. . Kennecott Copper. A 3315 — 1% |100 llgz 98-1 Treasury 4%8s 1947-5%... 99-11 429 M sit Allfed Chemicai & Dye. Kinney (G) (R). 60% + % | g 1 one Allied Chemical & Dye pf. . Laclede Gas. 78% 4l . Low FOREIGN. Shaes: Mg e 1015 Yy Situation Favorable Lee Rubber 14 % 9 100 Argentine 7s 1927. Decrease in Output Is Again Allls-Chalmers M?g. Reflected in Gains on Stock Exchange. MANY TRADERS ABSENT Sugars Run Into Heavy Profit Teking—Usual Leaders Suffer Fractional Losses. By the Lssociated Press. NEW YORK, December 22.—Specu- latlve interest in today’'s stock mar- Xet was at low ebb, the irregular fluctuations reflecting the evening-up of . accounts before the Christmas holday. Many traders left towg last night for extended week end trips, =0 that little a vity is expected on remaining trading ore Christmas. Oil sBares“were again in good de- nd in further reflection of the ¢ decrease fn the crude outpnt. the ad- at New High. {201 jcar shares viclded on | 57 profit-taking. although preferred o 1 during the s ¢losed at a net gain of n registered frac- the out-| new closing | a3y 'uu were Willys- | —— American ARri- | qgom, cferred. Brooklyn | Wheel, Kelly | gar and Fumous | 2% po shment of another new 1nv« for all time, French f Wits the fedture of the for | mand sterling | v cent to 4.34%%. Wk place in pal rates. Loans Show Iusrease. ts member bank ¢ decreased $10.- BALTIMORE PRODUCE. BALTIMORE, Md., December to unseasonabl nd heavy receipts, the poultry market closed weak to- day, with stock bringing 2 ound under live. Ship- Year h here | T Friday and & dressed Doty should b S1°1he body " hetore shipping. Ship only choice, fat birds and do not arrive later than 31 voung hen turkey ed fairly firm a & pound: ol 30 and poor, crooked breasts, Young chickens fair demand at 2 old i demand At va small, 17 while old, roosters are slow Ducks and geese are in - receipts, and under an demand the market rules ) to 24 a pound for the for- and 20 to 25 for the latter, but - thin stock will not bring over 13, Pigeons and guinea Yowl continue in good demand at 25 and 30 a pair for the former, and 50 to 70 each Tor young, wach for old of the atte the exception of choice fancy , dressed poultry will not bring under prevailing ‘weather condition Jiberal shipments are not ad w Ycar unless cold weather market adozen, with little e Wvance rext week, s weather | cenditions chan The white potato market clgsed ateady under a fairly active demand, on first-grade 5 per 100 pounds ¢ No. 25, 150-pound sclling mostly 1.00 to 2.50. as auality “and condition. Sweets and yams are in moderate receipt! e demand is fair, the arket rules easy at 4.00 to 5.00 a rel for th rmer ‘and_3.00 _to for the latter., bushel 1ling most 1.25 to 1 nd nearby garden 't uck receipt and, under only and, the market rules easy silowing quotations: Bee to 5.00 per 100; br Wnd kale, 30 und 35 bushel; bru sprouts, 0 un r' cabbage, 500 to 600 per 100: 35 and b and Virginia 50 barrel; cel- : lettuce. 25 to 50 onions, 2.00 to 3.00 per 100 oyster plants, 5.00 to 7.00 per 100 bunches; parsnips. 40 and 50 per 4-8 basket; spinach, 60 to 1.00, buskel, and turnips, 30 and 35 bushel.’ The apple market. continues easy 604 280 22 8 9% 0% 46% 28% 84% 14% 19 47 22 6% 5 16 a[]]=1]o] [ ]=8sa] [}]aman] ||....m=.:;m‘| =] o] : |éml-;||«;l mwuaol.“llu. Baean b5 Allis-Chalmers Mfg pt. Am Agriculture Chemical. Am Agriculture Chem pt American Beet Sugar. . American Bosch Magneto. American Ca American Can pf. American Car & Found: Am Chainclass A w i Amer Gotton Ol prcta. Am Druggist Syndicate. American Express. American Hide & Leather. Am Hide & Leather pf.... American Ice........ American International... American Linseed. . American Linseed pf. Am Locomotlve (new. American Metal. . American Radiator. American Safety Razor Am Ship & Commerce. . American Smelting & Ref. Am Smelt & Refining pf... American Steel Foundry.. ‘American Sugar Refining. Am Sugar Refining pf. Am Sumatra Tobacco. Am Sumatra Tobacco Am Tel & Cable. .. ] Saw & Am W W & Elec par pt 62 American Woolen. .. - 170% American Zinc Lead & S. 7 6% American Zinc L & S pt Anaconda Copper. Armour & Co % Arnold Constable & Co. Asso Dry Goods. ...... Asso Dry Goods 1st. Associated Ol (new) . Atchison, Topeka & S Fe. Atch, Topeka & S Fe pf... Atlantic Coast Line Atlantic Guif & W I Atlaptic Gulg & W Ipf Atlantic Refining Atlas Tack. . Austin Nichol Austin Nichols pf. . Auto Knit Hoslery Baldwin Locomotive Baltimore & Ohio. Raltimore & Ohlo pf.. Bangor Aroos pf. Barnet Leathe; Barnsdall, Cla; Barnsdall, Class B. Bayuk Broy Beechnut Packing Bethlehem Steel. Bethlehem Steel pf new. Booth Fisheries Brooklyn Edison Electric. Brooklyn-Man Tran tr ctfs Brookin-Man Tr pf tr ctfs. Rrown Shoe Buffalo, Roch & Pitts Burns Bros Burns Bros Class Butte Copper & Zine. Butte & Superior. . Butterick Company California Packing California Petrolm (new). California Petroleum pf Callahan Zine & Lead Calumet & Arizona. Canadlan Pacific. Central Leather Co. Central Leather Co p Central Railroad of N Cerro de Pasco Copper. Chandler Motor. . Chesapeake & Ohlo. Chicago & Alton. Chicago & Alton pf. Chicago & East Illinols Chi & East Illinols pf Chicago & Gt Western pf.. Chi, Milwaukee & St Paul. Chi, Milwaukee & St F*pt.. Chicago & Northwestern. . Chicago & Northwest pf... Chicago Pneumatic Tool. Chicago, R 1 & Pacific. ChiR & Pacific 8%.. Chi R 1& Pacific 7%. . Chicago. St P, M & O. Chile Copper. Chino Copper. o] Se 5o | |2 u].. L famjeen L1 ] |5o=g] | © & c Colorado Fi Colorado Southern. Columbla Gas (new). Columbia Carbon Commercial Solve Comput Tab Record. Congoleum Compan; Consolidated Cigar. . Consolidated Gas new. .. Continental Can Corn Products Ref. Cosden Company . Crucible Steel. . Cuban-American Sugar. Cuba Cane Sugar...... Cuba Cane Sugar pi. Cuban-Dominican Bugar. Cuba-Dom Sugar pf Cuyamel Fruit.. Davison Chemical Delaware & Hudson. Delaware, Lacka & West.. 115 110% Detroit Edison 106% 1064 Dome Mines. . 19% 19% Du Pont de Nemours. 130% 1274 Eastman Kodak 109 Eaton Axle & Sp: Electric Storage Battery. Elk Horn Coal. Endicott-Johnson. Erie Railroad..... rie Railroad 1st pf. Frie Railroad 2d pf. . Famous Players-Laskey % 65% Famous Play-Laskey pf. 85% Federal Min & Smelt pt. Fifth Avenue Bus. Fisher Body. . Fisk Rubber. Fleishmann Company. Foundation Company. Freeport-Texas. General Amerlcun Tlnk Bao avoa ] #32 s§q¢¢i|la| 2 I“’le’ General Electric. General Electric special. .. General Motors. . General Motors 6% deb. General Motors 7% deb. Gimbell Brothers, Glidden Compal Goldwyn Pictures. Goodrich (B F) Company. Goodyear Tire & Rub pf... Goodyear Tire & Rub pr pf. Granby Consolidated Gray & Davis..... Great Northern pt. Great Northern Ore ctfs. .. Great Western Sugar pf... 101 5 S |l“’°l|'|l|||*’ Guantanamo Sugar Quit; Mobile & North pt, T++1+00++10 0001+ + 410101 +110+ et 2R TR el O 40 40 Am Telephone & T 71 12443125 American Tobacco. 146% 148% Am Tobacco Class B... 146% 147 Am Tobacco pf (new) ll)oVA 100% P+ |axqu.q|e==.luau§””[..| L4444+ 141 1441 10t |~|rwra-|- numuu 000 g 0o 8 B T o I o I I o B A N *PETSFIEeAD A ++01 1+ | {1 5o mn]s]a| [[oex|~|] ||| |=]] Bt % aua.w.amml.u- '.'m“ & Lehigh Valley. Lima Locomot! Incorporate Lon ncorporated. Loose-Wiles Biscuit. ... Lorillard, P Mack Trucks 1st pf. Macy (R H) & Company. Magma Copper. Mallinson & Co. Manati Sugar. Manhattan Elec Supply. Manhattan Elevated. Manhattan Elevated uid. .- Manhattan Shirt. Maracaibo Ofl. Market St Rallway pr pt Marland Ol & Refining. Marlin-Rockwell Martin-Parry Mathieson Alk: Maxwell Motor, C Maxwell Motor, Class B. May Department Stores. Met Edison pf Mexican Seabs Mexican Seaboard ctfs Miami Copper. Middle States Ol Midvale Steel M. St Paul & SS M. M. St Paul & SSM pf Mo Kan & Texas new Missouri Pacific. Missourl Pacific pf Montgomery Ward Moon Motors. Munsingwear. Nash Motors National Bis Nat Department Stor at Enamel & ational Lead. National Supply.. Nevada Con Copper. New Orleans, Tex & Me New York Alr Brake New York Canners. New York Central. New York Chi & St New York Dock New York, N H & Hart New York Ontario & Norfolk Southern. Norfolk & Western North American. Northern Pacific. Orpheum Circult. Otis Elevator Otis Steel. . Otis Steel pf Owens Bottle Pacific Coast... Pacific Gac & Electric. Pan-Amertcan Pet T Parish & Bingham. P-nnnynauu Railr Pere Marquette. . Philadelphia Company Phillips-Jones. . Phillips Petroleum Philip Morris & Co Phoenix Hosiery. ce-Arrow ce-Arrow pf. Pierce Ofi pf. ... Pittsburgh Coal. Pittsburgh & W Virginl| Postum Cereal. Pressed Steel Car Producers & Refiner! Public Public Public Service 8% pf. Pullman Co. Pure Oll. . or Railway Steel Reading. . Reading 1st pf.. Reading 2d pf Remington Typewriter. .. Replogle Steel Republic Iron & Steel. Reynolds Spring. Reynolds Tobacco, B Royal DN rshs Rutland pf. St Joseph L. t Louis-San Francisco. * Louls-San Fran pf. St Louls Southwestern St Louis Southwestern pf. Savage Arms Schulte Store: Seaboard Afr Line. Seaboard Afr Line pf Sears-Roebuck Seneca Copper. Shattuck Arizona. Shell Union Ofl. Simms Petroleum Simmons Co. . Sinclair Con Ofl Stnclair Con Ol pf. Skelly Oll Sloss-Sheffield Stl & Iron. South Porto Rico Sugar Southern Pacific. . Southern Railway. Southern Railway pf Spicer Manufacturing. Standard Milling Standard 01l of California. Standard Ol of N J. Standard Oil of N J pf. Sterling Products. .. Stewart Warner Speed. Stromberg Carb. Studebaker. . Submarine Bo; Tennessee Cop & Texas Company . Texas Gulf Sulphi ‘Texas & Pacific... Texas & Pacific C & Third Avenue Tide Water O! Timken Roller ‘Tobacco Producti Tobacco ProductsClass A. Transcontinental Ofl. Transue & Willlams Underwood Typewriter Union Bag & Paper..... Unlon Pacific. . Union Pacific pt. United Alloy Steel. . United Clgar Stores. United Drug. . United Drug 1st pt. United Fruit. United Rallway Invest. United Rwy Invest pf. USCCIP & Foundry USCIP & Fdy pf. U S Industrial Alcohol United States R & Imp TS +F ¥ USSmeltR & M. USSmelt R & M pi United States Steel. .. United States Steel pt. MeclIntyre Porcupine Mines Mack Trucks. .. .. Mo Kan & Texas pf new... New York Shipbuilding. - 60% 65% 16% 7 58% S EENE IS (BN ++4+ 1000101 FL T VELEET S %1% 104 112% 10044 FIHT b+ %00 i+11 ++ 111 93 Belgium 7% ll“ 93% Belgium 91 Belgium 8s 1f 69 Bordeaux 6s 1934. 384 Chinese Govt Ry 58 1951. . 86% Copenhagen 5%s 1944. 19 Denmark 6s 1942. Dutch East Indles 6s 1947.. Dutch East Indies 65 1962 Framerican Ind Dev T%s 1942 French Govt 8s 1946. French Govt 7%s 194 Holland-American s £ Japanese 1st 4%s 193 Japanese 2d 4%s 1°25. Mexico 48 1954 4 Netherlands 6s 1972 Norway 8s 1940.... Paris-Lyons-Med 6s 1958, Queensiand 7s 1941.... Queensland 65 1947. Rio de Janeiro 83 1946 Sao Paulo, State of, 8s 1936. 75 Seine, Dept of, 7 102% Sweden 6s 1939. 111% Swiss Confed s f 85 1840, 106% United Kingdom 5%s 1929 99% United Kingdom 5%s 1937 INDUSTRIAL AND lnlcnnumnsv..m Amer Agri Chemical 7%s 19 Amer Smelt & Ref 1st bs 1947 Amer Sugar Refining 6s 1937 Amer Tel & Tel cl tr 5s 1946, Amer Tel & Tel cl tr 4s 1929, Armour & Co 4%s 19 Atlantic Refining deb Bell Tel (Pa) retf 5s 194 Bethlehem Steel p m 58 1931 Bethlehem Steel s £ 68 1943. Brooklyn Edison 7s D 1940. Central Leather 5s 1925. Cerro de Pasco 8s 1921. Chile Copper 61 1932. 5 Cons Coal (Md) 1st ref bs 195 2 Cuba Cane Sug cv deb 8s 193( Detroit Edison ref 6s 1940 Du Pont de Nem 7%s 1931. . Emplre Fuel & Gas T8 1937... General Electric deb 5s 1952 4 Goodrich (B F) 6ls 1947. Goodyear Tire 8s 1931. Goodyear Tire 88 1941. Humble Oil & Ref 5s 1932 Indiana Steel bs 1852. Inter Mer Marine 6s 1341, Inter Paper 5s B 1947. Kelly-Springfield 8s 1931 Lackawanna Steel 53 1950. Liggett & Myers 6s 1951. Manati Sugar 8 f 748 1942 Midvale Steel Gs 1936. . 5 New England Tel 5s 1952. ¢ New York Edison 1st 6%s 1941. N Y Gas EL H & P b5 1948 . New York Tel 6s 1941. New York Tel 4148 1939 North American Ediso; Facific Gas & Elec 5s 1942 Pacific Tel & Tel 53 1952 ¢ Philadelphia Co ref 6s 1 Public Service 5s 1959. 4 Sinelalr Ofl 7s 1937 Sinclair Crude Oil 5%s South Porto Rico Sugar 7s 1 Unlon Bag & Paper 6s D. United Drug cv 8s 1941. U S Rubber 1st & ref bs 1947. U S Rubber 738 1930. U S Steel s f 6s 1963.... Utah Power & Light s 1944. Va-Carolina Chem s f 7s 1947 Carolina Chem 71 estern Union Tel 638 1936. Wilson & Co 1st 6s 1941 Wilson & Co cv 7%s 1931. RAILROAD, Atchison gen 4s 1996..... Atlantic Coast Line 1st 4s 1 Balto & Ohio pr In 3%s 1925. Balto & Ohlo gold 4s 1948. Balto & Ohlo Gs 1929... Balto & Ohio cv 43%s 1933, Balto & Ohio ref 5s 1995 B&OPitts LE & W Va B & O Southwn div 318 1925. Canadian Northern 6%s 1946 Canadian Paclfic deb 4s. Chesapeake & Ohio cv 4%s 19: Chesapeake & Ohio 4348 199 Chicago & Alton 3s 1849 Chicago & Alton 38 135! Chi B & Quincy 1st ref 5s 1971. Chi & Eastern Ill gen 5s 1951 Chi Great Western 4s 1959. % Chi M & St Paul ref 415 Chi M & St Paul cv bs 2014 Chi M & St Paul cv 4345 1932... Chi M & St Paul gen 4%s 1989.. Chi & Northwestern 63%s 1936 Chicago Rallways 6s 1927.. Chi R I & Pacific ref 48 1934.... Chi & Western Ind con 48 1952. C CC & St L ref 6s A 1929, Cleveland Term 53%s 1973. Colorado & Southern 4%s 19365. Cuba R R bs 1952 - Delaware & Hudson 5%s 1937.. 5 Den & Rio Grande con 4s 1936 Den & Rio Grande 1st ref bs 1 Detroit United 4%s 1932. Erfe 1st con s 199 Erie gen lien 4s 1996 Erle cv 48 A 1953 Erle cv 4s D 1953..... Grand Trunk s f deb 6 Grand Trunk 7s 1940.. Great Northern gen 7s 1936 Great Northern gen 5%s 1952... Hudson & Manhattan ref bs 1957 Hudson & Manhattan adj 6s 1967 Illinois Central 5%s 1934. Inter Rapid Transit 5s 1966 Inter Rapid Transit cv 7s 1932. Inter & Great Nor adj 6és 1952 Kan C Ft Scott & M 4s 1936 Kansas City Southern 3s 1950, Kansas City Southern bs 1950... Lake Shore 48 1928............. Lake Shore 4s 1931 Lehigh Valley 6s 1938 Louis & Nash unified 4s 1940. Louls & Nash 1st ref 53s 2003. Market St Ry con bs 193 Mil Elec Ry & Lt 18t ref b3 "81. MSt P &BSM6%s 1931, Mo Kan & Tex 1st 4s 1990 Mo Kan & Tex pr In 55 A 1962.. Mo Kan & Tex adj 5s 1967 Missouri Pacific 6s 1949 Missouri Pacific gen 4s N O Tex & Mex Inc bs 1935 New York Central deb 6s 19; New York Cent deb 4s 1934 New York Cent ref imp s N Y NH & H cv deb 6s 1948, N Y West & Boston 4%s l 6. Norfolk & Western con 7% 96% 9% 75 4%, 99% 100% 99% 104% 102% 104% 40% 874 987% 1% 75 76 45% 95 111% 68% 4 105 100% 88y 9814 80% 104% 111% 109% 100 1023 81% 984 67 42% B4y 621 541a 55% 60% 108% 117% 106% as Wall Street Plans for January Re-Investing. TAX MOVES IMPORTANT Secretary Mellon’s Views on Bonus Studied Closely—New Is- sues Popular. BY GEORGE T. HUGHES, Special Dispatch to The Star NEW YORK, December 22 —In the lull which precedes the holidays and the development of the traditional January re-investment demand Wall street this week has been taking stock of the fundamental factors on which the future of the market de- pends. Most important of these factors is the money situation. As to this there can be no two opinions. Money and credit are in abundant supply and the outlook is for no immediate change. Rates for time money at ong time during the week fell Per cent for the shorter although this was exceptional the prevailing quotation has from 5 to 5! per cent. With the continued heavy influx of gold, to which reference has repeatedly been made in these dispatches, it seems reasonable to expect that funds both for speculation and for business will be more than sufficient Gold Infintion Feared. There are still many economists who predict gold inflation, .eventually leading to higher commodity prices. . They argue that the temptation to use ‘this surplus gold for speculation in business as well as {n commodities will prove irresistible. That is a theory the truth or falsity of which only the future can reveal. The pol- icy” of the Federal Reserve Board scems to be to do everything possible to prevent this sort of inflation, but how far it can go in this direction is problematical | The second factor on which stress is laid is confidence, and by this is included confidence not only in rea- sonable husiness prosperity. but con- fidence in the political situation. The dispatches from Washington have been eagerly scanned for the latest developments in relation to the fata of Secretary Mellon’s proposal reduced taxation the effort enact the so-called adjusted compen- satfon bill, otherwise the bonus. Street’s Views on Bonus. Of equal interest has beem the strug- gle in the Senate over the chairmanship of the interstate commerce committee. The Secretary of the Treasury says that to grant the bonus would mean to de- press the quotations for outstanding Rovernment loans and to make refund. lems more difficult. In this reet coincides. So far the market for liberty bonds has been un- s act it was wesker st e week after Congress adjourned and the bonus project: had been given second place to tax revision than it was when the outlook was from the Wall street standpoint more un- favorable, As to tax revision it is almost uni- | versally admitted that reduction of the higher surtaxes would free capital now taking refuge in tax exempt securities for productive enterprise. As it stands today t Stor wi has an income of $75,000 annually gets about the same return from municipal bonds ylelding 413 per cent as from taxable issues yielding 6 per cent. Naturally he gives the preference to the tax-exempt se- curity, as this has the additional ad- vantage of avoiding a certain amount {of annoyance in making out tax re- turns, Market Marking Time. The securing of a constitutional amendment taking away from states and municipalities the right to issue tax-exempt securities is considered too slow a proc and too uncertain of success to be of uny importance for the present. In any event such an amend- ment would not cover tax-exempt bonds now outstunding. A substantial cut in income taxes, however, such as Secre- tary Mellon recommends, cught to have animmediate effect upon the market. Here, too, as in the case of the liberties and bonus. the market seems to be marking time. Neither muni nor industrial been ceptibly affected by This does not make Wall s interest in the solution of these problems any less |intense and their final disposition one way or the other is sure to have a vital bearing on the investment po- sition. Coming to the railroads, the chances of a successful attack on the transportation_act seem slender, but there {s enough doubt about the mat- ter to prevent any upward movement in railroad securities. At least that is the general reason igned in Wall street for the lethargy in railroad stocks. Good Demand for Stock. However dull the market for rail- road shares may be there is no hesi- tation about attractive new offerings in other fields even when it is stock and not bonds. The instance of the quick sale this week of 400,000 shares of the preferred stock of the new Amerfcan and Foreign Power Com- pany organized by General Electric interest 1s to the point. Even the fact that part of the business of the new company is to be in foreign fields did not deter investors. Just why utili- ties should be in so much more favor than raflroads as mediums for invest- ment no one has yet satisfactorfly ex- plained, (Copyright.) BOND MARKET STRONG. Several New Offerings Now Pre- dicted for January. NEW YORK. December 22—Buy; ing of high-grade investment rail: road shares and the moderate strength of a number of industrials % | lens gave today’s bond market a strong tone. Many traders were absent for the holldays, but a sizable volume of buying orders were executed in all groups. Active United States government bonds, which fell off somewhat on the week, found sufficient support to hold pricés steady, today’s quotations being practically unchanged from those of yesterday. mnd shows little change in prices| g4 44% from last week. Utah Copper. _— 4l 28% 9% 14 Utah Securities. . S e 3 Vanadium Corporation. NEW RATES FAVORED S Van Raalte.. 2 82 55 Virginia-Carolina Chem. . e =i Houste N Va-Car Chemical pf. Railroad freight rates on wool | 91% 61% o o0gsns V Vivaudou from all points in the west to the| 27% 194 Hudson Motor Car. Wabash. ... Atlantiz seaboard should be read-| 2i% 10% Huppmobile Motor Car.. ‘Wabash pf A. Justed, In the opinion of Interstate | 115% 97% Dlinois Central....... Waldorf System (new) Commerce Commission examiners, Tllinois Central pf full pd . West Penn who reported on an inquiry into com- Independent Ol & Gas . plaints of wool shippers and pro- Indiahoma Refinin, dacers. They declared, however, that the railroads concerned should mot be allowed to make eective the new chedules which they proposed last Feb- Fuarv. These schedules in question Interboro Rapia Tranii Jave been suspended to await investi- Inter Agricultural pf..... gation. 38% International Cement. oD commisston's decision_on_the| So% 20w point will be made in the light of | 115% 79% ihe report and such additional data | o7 g us may be introduced by participants Int Merchant Marine pt. in the issue after further considera- International Nicke! tion. 58% International Paper. Inter Paper pf stamped. RAW SILK HIGHER. Intertype Corporation NEW YORK, December 22—Dry 7% —— Invincible Oll % e 324 1% Iron Products. goods markets were quiet in the pri- 15% owal Tt snary divisions tod; Cotton goods = Were firm. Yarns were steady. Raw 20% —— Jones Bros Tea. silk was higher. Knit goods !nr fall .!lm i ase ordered freely. Linens we: Especial strensth was displayed by Wickwire Spencer Steel 78, the bonds % | jumping more than 2 points at one lzmlém\p and closing 1% higher on the. Ore Short Line gtd bs Ore Short Line ref s ay. Bankers indicated that the first week in January would see a num- ber of fairly large railroad mortgage offerings. —_— COTTONSEED OIL UP. NEW YORK, December 22.—Catton- seed oil advanced 1 to 4 points ga buying for southern account . and covering on the steadiness in lare, but hedge selling by refiners subse- quently brought about a reaction. Leading months closed 4 points Tower to 2 net higher. Sales, 7,800 barrels. Prime crude, 8.50 sales: prime sum- Southern Pacific ref 4s ary, closed 10.90; March, 11.35; May, s Boutherp Fastfio ol Y 86% | 11765, all bid. 92% Southern Ry lst 66% Southern Ry gen ds n 8% 100 Southern Ry dev 6%s 1956.. 10108 39 Third Ave adj 6s 1960 oy - FEEFEEFS - RIArk & L 435 1934 StLIM &ER&Q‘I]’II n Fran pr In 4s A 1950 n Fran pr In s 1950.. oo I i e Y 5 T A I I RS G S ] TiI43 14001 1+01+010 01 - Inspiration (=3 g3 SRR os! ‘Wheeling & Lake Erfe. Wheeling & Lake E pf. ‘White Eagle Ofl. ‘White Motors. .. Wickwire Steel. ‘Wilson & Co. ‘Willys-Overland. Willys-Overland pf.. % ‘Wisconsin Central 199% 8 Woolworth (F W) ’Qg - 3 £ MILLS IN BANKRUPTCY. BOSTON, December 22.—The Olney 9014 | Woolen mills of Leicester were peti- tioned into bankruptcy by . three 18% — Worthington Pump. 9% | creditors in the federal district court 8% 1 Wright Aeronautical. 100 88 today. Their claims were for mer- 62 & !eun:m;nflhutt?. 7% gg% chandise. aud they alleed preforen- . tial ts (o ot itors. Th Dividand ratas as given in the atove iable are e annual cash :lymnnu i oatern Pacific b8 1t a1 Bunhenty lplothor credliote avs or 80% | mills manufacture blankets and flan- e ...J.; o e ridens included, § Pav . nels, - 0 » #5358 g2 ax 2XTFR wues bbb 000+ 00 0001 g 8 E 43 (AREINESE LS sgsy