Evening Star Newspaper, December 28, 1923, Page 24

» FINANCIAL., STOCKS GOLOWER INTRADING TODAY Realizing Sales and Evening Up of Accounts Cause of Many Declines. BY STUART P. WEST. Epacial Dispatch to The Star. NEW YORK, December 28.—Realiz- ing sales were again heavy enough in the stock market today to discourage fresh efforts on the side of advance and to bring about further reaction. It was apparent Thursday from the action of the oll shares that they had discounted, for the time being at any rate, the good news in the shape of reduced production and price ad- vances. Profit-taking In this group was once more a noticeable feature early today, the one noteworthy ex- ception being Standard of New Jer- sey. This stock got up close to 40, which was the best reached on the recent advance The point made for Standard of New Jersey, in comparison with other oils, was that the company had the largest resources to store away low cost crude at the bargain prices of last summer, and consequently would benefit more than any of tae others from the marking up of ventory as the result of the late price increases. Sugar Shares Decline. Cuba Cane sugar preferred wus off more than 3 points from its nigh. As already observed, profits have been taken in this stock because of the re- action In the market for sugar fu- tures and because of the expectation that the demand for raw sugar dur- ing the next few weeks will slacken. American Sugar continued heavy. People who are not friendly to this stock on the idea that the 1923 earn- ings will be relatively poor are. Received by Private Wire Direct to The Star Office upm. High. Adv Rumle: Adv Rumley pf. Ajax Rubber... Alaska Juneau. . Alaska Gold Allled Chem. Allled Chem pi Allts Chalmers. . Am Agr Chem Am Ag Chm pf.. Am Beet Sugar. Am Bosch. Am Brake Shoy Am Br Shoe Df Am Can Am C; 162 Am Chain (A) 2 107t 1073 m!v. 105% Am Chicle Co. Am Cot O ctfs. Am Cot Ol pf. Am Drugg!ist. Am & Forgn w i. Am & For pf w | Am H & Leath. AmH & Lea pf.. Am Loco pf. . Am Radlator Am Safe Rasor. Am Ship & Com. 14815 148% 147% 147% Am W W 6% pf. Am Woolen. ... Am Woolen pf. . Am Writ Prpt.. Am Zinc & Lead Am Zinc&Ld pf. Anaconda. Armour of Del pt Arnold Constab. Assets Realisn.. nevertheless, holding off from the}AssoD Goods selling side to see how much of a part taking of losses for tax pur- poses has plaved in its recent move- ment. That heavy losses have been incurred is apparent from the fact that the stock is down 30 points from the year's high. Despite the downward tendency in the general list, several individual stocks at times stood out_strongiy Among these were United States In- dustrial _Alcohol. Cola and United States Realty and Improve- ment. Buyers of Industrial Alcohol had ‘in mind that the company is credited with earning more than it was when it pald 6 per cent divi- dends and the stock was selling in the 90s Clearing Up Accounts. In all the markets today business consisted of clearing up accounts in. cident to the close of the vear. In- cluding tomorrow’s two hours, it was the last day for purchases and sales put through in the “regular way"— that is, with the use of credit as dis- tinct from cash. The natural re- sult was to restrict fresh operations 2nd to bring about further reaction from the tendencies which have re- cently prevailed. Clearing up accounts in the stock market meant more of a desire to sell than to buy, consequently in the Asso D G 1st pf. Associated O11 Atchison. . Atchison pf. Atlan Cst Line Atlantic Frult. At] Fruit stfs. Atlantic Gulf. Austin Nich pf.. Auto Knitter. Baldwin Loco.. 124% 126% Balto & Ohlo... 68% 58 Balto & Ohlo pf. 68% 5% *Bank of Com.. 298 208 Barnet Leath. 23 234 Rarnesdall (A). Batopilas Min. Bayuk Bros. Beechnut Pack Beth Steel. .. Beth Stl 7%(n).. Beth Stl 8% pf. Rooth Fish. Br Em Stl 2d pf. Bklyn Edison. . | Brklyn-Man Tr. Brkin-Man T pf. Bklyn Un Gas... 1 15% 15% zreater part of the list prices went | Brunswk Term. Tower. Burns Bros (A). The check to the advance was |BurnsBros (B). equally apparent in cotton. On the { Butte Copper. other hand, as speculation for the |Butte & Super. decline has dominated the recent | Butterick.. movement of French francs, the spec- ulative housecleaning here meant a |CddoOll temporary cxcess of “covering” pur- chases over offerings. French Francs Do Better. At its high carly in the day the franc was quoted close to 5.20, as againt Wednesday's record Tow of Later on, however, there was e recession. The best opinion was that there was no sig- Calif Pack. Calif Petrol. Callaban Zinc. Calum: Case Threshing. Case (JI) pf. Central Leatn. . nificance to the recovery except that | Cent Leath pf. 6 i it represented the drawing down of | Cerrode Pasco. 454 45% profits by epeculators who have been | Chandler Mot... 66 — 66% operating heavily on the short side. Chesap & Ohlo. €9% 69% This sort of ‘thing has occurred |Ches&Ohlopf... 98% 98% very frequently during the decline | Chi& Alton.. 3% 3k of the last twenty months from the | Chi& Altonpf.. 92 9% 3 to 5 cent level. For example, on ite way down from 6.25 cents at the Deginning of October the franc stop- ped at 5.20 in the third week of No Vember and rallied abruptly to 5.58. American Woolen's Position. American Woolen common, where 1t was selling today, was less than 10 points above its extreme low for 1923 and over 35 points under fts top for the past twelve months. This showing obviously invites some doubt as to the exact position of the company. At present attention is be- ing paid to the prospects for the fafi felling season. whleh showld bec gin in January or later. Net income for 1923 is expected to be sufficient to cover dividend re- quirements, but there Is a feeling that 1924 results may not prove any too favorable. Industrial Alcohol continued in de- mand, and its movement was attribut- £d to the operations of a strong speculative clique which were based upon cxceptionally good earnings. Current net income is sald to be at the rate of well over $15 a_ share, while between $12 and $14 for the year s expected. CLOSE IS IRREGULAR. Heavy Tax Selling Help Check to Market Advance. By the Associated Press. NEW YORK, December 25.—Heavy tax selling in the low-priced issues, which resulted in a suspension of several pool operations, gave the stock market a reactionary appear- ance during the forenoon. Offerings were falrly well absorbed and prices snapped upward again later. when a wave of buying orders, particularly for United States Steel, came into the market. Sales approximated 1.050,000 shares. The closing was irregular. Shorts «overed fresly during the afternoon, when a bullish demonstration was utaged in United States Steel com- mon, which carried it above 99. Corn Products broke more than 5 points in speculative disappointment over the failure of the directors to in- crease the regular dividend, but re- r-]ovored part of its loss before the close. e R e FOREIGN EXCHANGE., (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks zold valne. - todsy. London, Montreal, Paris, franc Copenhage: Christiania, crown. Stockholm,” crown. By the Associated Press. «ign exchanges irregular. Quotations (in_United States doliars): Britian, demand, 4.34%; cables, 4. bills on banks, Italy. demand, % ‘ulglum demand, 044 les, 0449 1. German; and, 00000000000025 cables, 000000000000"5 Holland, de- mand, .38; cables, .3808. Norway, de- mand, .1476. Sweden, 26.43. mark, .1775. Switzaerland, Spain, .13. Greece, .0222. 00000018 C:achollovukll. Tugoslavia, .011 Rumania. Brazil, .1015. Montreal, —_— Mrs. O. H. Stubergh of San Fran ~isco made a novel Christmas present life¥fized model of the girl in wax. Chi & East II1. Chi & E 11l pf. 254 25% 49% 4% 4 4 Cluett Peabody. Cluett&Pby pf. Coca-Cola. 23% Colo & South.... 19% Columbla Gas. 35 Columbn Carbon 48% Com Solv (A) Com Solv (B) Comp Tabulat.. Congoleum Co. ... Conley Tin Foil. Cons Cigar...:. Cons Cigar pf. Cons Gas of NY.. Consol Gas rt: Cuban Dom'can. | Cuyamel Fruit.. Davison Chem. . Deere Co pf... Del & Hudson. D Lack & West. Detroit Edison.. Dome Mines. Du S8 &2At1 pf. Douglas Corpn.. Dupont (BD)... Dupont deb... Eaton Axle & Sp. Elec Stor Bat... Elk Horn Coal. i Elkh'n Coal pf. Emerson Brant. Emerson-B pf... Endicott-John. Fairbanks Co Famous Players 71% Famous Play pf. 88% Fd Mines&Spf. 41% | Fitth Ave Bus.. Fisher Body . Fisk Rubber...._ Fletahman. ... 4% “h Foundation Co. 66% Freeport Texas. 128 i Gardrier Motor..._ 9% uzv. “2!& Tk Car. i Asphalt. NEW YORK. 'December 25.—For- | aen Gen Elec spl. Gen Motors. ld l(% Gen Mot 7% deb. 98% 984 ‘Gen Refractories Goodyear pf.... Goodyear pr pf. To38uss: 5 23 Austria, .000014%. g:,"?nc:vnl':l . % Ar:enugm -3195. | G Northern p! 1 T4 Guif Me Nor.. \m'#r twelve-year-old daughter—a q:lgl.L.No:ry( “*“ 505 . 52% _B2%_E 475 4% Low. Close. Y, 9% a3% 56% : 6% | Phillips Jones. 1584 % Open. High. Gult stSteel..,. Bory 85 Hartman Cox W + | Hudson Motors. Hupp Motor: + Hupp rights. Hydraulic 8tl. Hydraulic St pf. Illinois Central. 100 Tl Cent pf fpd. 11l Central pf... Indian Rllnln(. Inland Steel.... Inland Steel pf.. Interb Rap Tr Int Agr Corp (n) In Ag Chemical. Int Cement. In Combust E. Int Harvester Int Mer Marine. Int M Marine pf. Int Nickel pf. Int Tel & Tolll’. Invincible Oil Iron Products Kansas C So pf. Kayser (Julius) Kelly Spr Tire. . Kelly-Spr 6% P‘ Keystone Tire.. Kresge (S8)... Lee T & Rubber. Lehigh Valley Lig & Myers Lima Locomo. Mack Truck 2d. Magma Copper.. Mallinnon & Co. Manati Sugar. AManhat El Sup. . Manhatn El guar Manha* Sbirc. Maracaibo Ol Market St R 2d. Market St prior. Marland Of1. . Martin-Parry Mlthllnn Alkl Mex Seabd ctfs. Miam| Coppe; Middle St OMl.... Midvale Steel. .. Minn StP & SSM, Min StP&SSM pt Mo Kan & Tex Mo K & Tex pf.. Mother Lode.... Mullins Body. Munsingwear. Natl Bisoult Df Nat Cloak & Suit. Nutl DeptStares. Nat! Enamel. tl Ry of M 2d. Nat Supply pf. ‘evada Copper. N Or Tex & Mex. N Y Alr Brake. N Y Central. NY Chi &StL. NY Chi & StLpf. NYNH&Hartfd. NY O & Westrn. Norf & Western. Ohio Bdy & Blw. Oklahoma Prod. Onyx Hosiery. Owens Bottle... Pac fic Develop. Pac Gas & Elec. Packard Motor. Pan-Am Pete. Pan-Am P (B)., Panhandle pf. Parrish & Bing. Pennsylvania... Penn Seuhd 8tl.. Pere Marquette. ‘2% | Pere Marq pt. 6 | Philadelphia C % Pitts Steel pt. Porto Ric Tob. Postum Cereal Pressed Stl Car. Rallway Stl 8p.. 107% Ray Con Cu’nlr Rep Ir & Stlpf.. Reynolds Spr. 1 Dutch. Rutland Ry pt. Bl Joseph Lead., St L&San Southern Ry pf. - Spicer Mtg Co. StOttof Cll.ll. Studebaker pf. Submarine Superior O1l..... Sweets Coof A 5 1024 102% 4 106% 106% 290 144 13% 59% 59 2871 237% 6% 66 1% 17% 7 6% 4 103% 103% * 169% 169 8% 8% 1% 904 90 90 67 67 113% 113% 30% 30 345 42% 97 58% 56k 24% 28% 107% lg'fli % 53% 83 10% 49% % 1 H'V llm \l‘l 12% n 2% 3 Low. Closs. orthington. .. $3% | wortn'gton (A). 'BOND QUOTATIONS CHANGE BY GROUPS Higher—Foreign Obliga- tions Unsteady. | ‘BY GEORGE T. mvGHEs. Special Dispatch to The Star. EW YORK, December 28.—To- day's bond market presented a se- ries of group movements with the trading as a whole lacking any uni- form trend. Speculative bonds at- jtracted the most attention. Promi- {nent among these were the Cuba Cane Sugar Ss. which not only maintained the advance of Thursday {but improved upon it on further {large transactions. There was noth- jing new about either the sugar sit- uation or about this particular com- pany. The advance appeared to be due to the attractive yleld the bonds afford, a yield out of proportion to the risk involved. Other sugar bonds were neglected. Wilson Sixes in Run-up. Among other industrials Wilson & Co. convertible 6s of 1928 had a sharp run-up, bringing the price at one time today more than 5 points above the quotation ten days ago. These bonds are convertible into stock at the rate’ of ten shares for each $1,000 bond and have been sell- ing to ield an -extraordinarily large retu Neither this fssue nor the convert- lle 7%s of 1931 are secured by mort- {gage. ~Atlantlc Fruit 7s certificates. both stamped and unstamped. moved {up in spectacular fashion in response to the favorable outlook for reorgan- ization. American Writing Paper 68 was another industrial issue to make good gains. Changes in the traction !list were unimportant St. Paul Lecds Ralls St. Paul issues led the speculative rails, all the junior lines making substantial gaing on active trading. the recent decline, such eelling is now over. - The St’ Paul's November statement, which came | showed a gain of about $375,000 in net operating income over the same moenth a vear ago, while for the elaven mornths the oorresponding gain was $5.600,000. Foreign bonds showed a good deal of irregulatity. United Kingdom 5148 of 1937 got down below par. French issues were falrly steady for the most part, but without much ac- tivity. City of Rio de Janeiro 8s of 1946 continued to sell 2 points above the 1947 . although the last- ¢ the federal government, whereas the former car- {ries no federal guarantee. U. S. Loans Are Steady. United States government loans were about the same, while fluctua- tions in high-grade rails and indus- triale were of lfttJe importance. New offerings_schedulfd for next month are reported to be very large. In- vestment bankers are confident of the ability of the market to absorb al- most ~ anvthing attractively priced. The important point, however, is that {there has been no attempt to antiei- pate the reinvestment demand ex- pected every January in the market _ {for seasoned securities. A ."{x“ st e mal Sog. st Chi \"v»u“l‘ml p of Mich Sug 8% pf. | Pittsburgh Coal | Pittsburgn Coal rr { Pub Serv of Okl Pub Serv Okla pf. Pub § Okia pr L R M&P | OIL PRICES RAISED. { DALLAS, Tex. December 28— In- creases ranging from 10 cents to 25 cents a barrel in the price of crude oil were announced last night by the Magnolia Petroleum Company, to be- come effective today. The new | price for Corsicana light and Mexia crude is $1.25 and for Corsicana heavy, 50 cents. et ——————— Tenn Copper.... 9% 9% 914 Texas Company. Tex Gulf Sulph. 61% Paci s 1815 10% 8% | Tide % Timken Bearing Tobacco Prod... Tobacco Prod A. Tobacco Pro pf. ‘Trans Cont Oil.. Underwood. % 41% Union Pacific... 126% 127% Unlon Pac pf. T0%" 0% 71% Un Alloy Steel.. 30% s United Drug.... 79 80 80 United Fruit. ... 178% 178% Utd Pap Board.. 19% United Ry Inv.. Utd Ry Inv pt... 8 U SCastIPipe.. 66% 673 USCastIrPpf. 84% U S Food Prod.. U S Hoffman M. U S1Indus Alco.. 102% 37% 88% 98% | g, Utah Mflll‘l. Vanadium Corp. Van Raalte..... v.n Raalte 1st.. 10% » ‘Wabash pf (l) . - 08% ‘Waldorf System.. Web & Hellbra,. 15! 85% Hi 155 51% 18 26% 66% %. % 3 2T% €9 285 285 25% 24% 25% Wrigiey, Jr. m“’i'fl‘“ M“ rwunin-un @ 68 68 68 Qa4 High. Low, Last. 5% 6 STOCKS. €50 100 350 600 Cuba Cane Sugar Issues Go 7 If tax selling was ever a factor in| o de day, | Rio de Jan S 1047 H ; 'HE EVENING STAR, WASHINGTON, D. C. FRIDAY DECEMBER 28, 1923. NEW YORK STOCK EXCHANGE Received by Private Wire (Bales are in $1.008.) 1 UNITED STATES BONDS. ("r‘cllonl represent thirty - seconds. mple: 98-3 means 98 3-32.) Sales. High. Low. 99-6 %, UB!"I 1952, 128 REIGN. Sales. High. Low. Close. Argentine 7i . 7101% mm 101% Austria7s... 23 86 85% 85% Belgium 7%s. 9% 9TH 96% 96% 97% 108 85% Canada bs 1952 Chile 85 1946.... Chile 85 1941. Chinese Gov Ry bs. Christianla 8s. Copenhagen 5%s. . Cuba %5 ctfe. . Czechoslovakiu §s. i aw 8 w_—ogommm-an oS unma— French Govt 8s. French Govt 7 Jergen U M 68 '47.. Lyon 6s. 2 Marseille Ty meEoaNa Netheriands 65 Norway 8s Norway 651943 . Orlent Dev deb 6 Paris-Ly’s-Med 65 Prague 7%s.... Queensland 7 104% Quzenlllnd! » 100 884 Rio Gr Do Sul 8s Sao Paulo City $s.. Sao Paulo State 8s Seine Deptof 7s... 15 Serbs Croats Slo 85 76 76 10414 104!. 104 112% 1124 64 64 s 1004% 99% Ldstum Copenbs 5 86 856 MISCELLANEOUS. Ajax Rubber 8s. Am Agr Chem 7%s Am Chain s f 68'33. Am Cotton Oil 5s. . Am SmIt&R 1st 5s. Am SmIt&R 6 Am Sug ref AmT& Tcltrbs.. 2 AmT& Tcltrds.. AmT & Tdeb 54s. Am Writ Paper 6 Anaconda cv db 7s. Anaconda 1s* 6s. .. Armour of Del 5%s Ass0 Ol s rets. ... Barnsdalls f Bell Tel Pa 5 . Beth Steel s 6s. Brier B St 1st 5%s. Bklyn Edison 7s D. Bush T Bldg 5560 Calif Pete 6168 w 1. Central Leather 53 91 Cerro de Pasco 8s.. Chile Copper 6s ICinG&Esy% ommonwth P 6s.. 1 Cuban-Am Sug §s. 17 Cube. Cane cv d $s. 102 Cuba Cane cv 7430 5 3 Duquesne Light 6s Est Cuba Sug 714s. 25 Emplre G&F Fisk Rubber 8s 103! | Ore-Wash 1st rf 4s Direct to The Star Office. RAILI\DAD!. . High. Ann Arbor 4s. .. Y Buft R&Pitt 41¢s. . Canad North 6%s Canad Pac deb 4s.. 80 Central Pacific 4s.. 6 40 Chi M &St P rf 4%¢159 Chi M&St P cv 5s..167 Chi M&St F 4s '25..280 Chi M&S P cv 4%8.700 Chi M&St P 48 '34 CM&StPgn 4% Chi& NW Ts. Chi& N w 63s. Ry: 1 cm R & Pacrf s ChiTH&SE 5s... 1 ChiLn Sta 4%s. Chi Un Sta 6%s. Chi & W Ind cn 4s. CCC&StLrf6s A. Del & Hd 1st rf 4s. Den & Rio G cn 4s. D& RGstrtbs Erie 1st con 4s Erie conext7s Eriegen4s . Erie convis A Erie conv 4s B. Erie conv 4s D Gr Trunk sf db 6s. Grand Trunk 7 jGr North gen 7s. {Gr North gen 5%s. Hud & Man ref 5s. Hud & Manaj5s... 2 111 Cent ref 58 '55. . 111 Central 5%s Int Rap Tran 5i Int Rap Tr 6s llpd Int Rap Tran 6 Int Rap Tran 7s... Int & G Norajés.. 2 Int & G Nor 1st 6s. lowa Cent rf 4 Kan City Ft 8 Kansas City S a Laks Shore 4s '2i Lake Shore 4s '31 < Louts & N uni 4s Louis & Nash 5%s. Louls & N 55 2003. . Manhat Ry cn 4s.. Market St cn 5s. NOTex & Minbs. N Y Cent gen 3333, NYCentribs..... Y Centcn 4s '98. NYCenLScl3%s. New Haven cd 6s. ew Haven d 4s '57 SrSabansSa Y Ry rf 4s ctfs. . \ Rysadjbsct.. uua% Northern Pac 2s Northern Pac 4s... Northn Pacr 1 6s. . O Short Licn 55 '46. Ore Short Liref 4s. Pennsyl gen 5s.... Bennsyl gen 4%, Penusyl 6%s % 3oodrich 6138, . 7 9% ! Peoria & E inc 4s.. [ere Marq 1st 5s.. GuaSeloruacs 9 Goodyear 8s 1951. . 100% | 114% | Reading gen 4s 101 uav (llinois Beil 1st iindiana Steel 5s. Int Mer Marine 6 Int Paper 1st 5s Int Paper 1st 58 KCP&LtosAS2. Kayser (J) 7s..... Kelly-Spring Lackawa S 6550 Liggett & Myrs 7s. Magma Cop cv 7s. . Manati Sug sf 7% Marland O T¥%s w. Marland Of! 8s '31. Morris&Co lst 4143 N Y Edsn 1st 6%s. NYG EL H&P 5. 1 NYG EL H&P ¢s. 93% | {StP Un Dep 53%s.. {Seab'd AL d4ssta.. | Seab'd A Liref 4s.. Rio G West cl 4s ® S amnto wé. RSB~ haEa San A& Arn Pds.. Seab’'d A L adj bs.. Seab'd A Licon 6s.. Sou Pacific 45 1929, Sou Pacfic ref 4s. . Sou Pacific clt 4s. . Southern Ry 1st &3 Southern Ry gn 4s. Southern Ry 6% Southern Ry 6sct. Third Ave ref 4s &8 9115 { Third Ave adj 5s. 891 89l Tol StL & W 4 100% 1007 | Union Pac st 4s. Northwst B Te is.. 1074 Otis Steel 8s....... 93!: 13;& Pacific Gas & El 55 % 4 914 Pacific T & T 65 '52 % 90% 90% Pan-Am Pete 7s... 102'4 102% Pan-Am Pete 6 96 96% Phila Coref 65 A 4 995 Plerce-Arrow 8s.. 104 75% Pierce Oil deb 8 804 Producers & R 8s w 3 111% 111% Public Service 5s. . 79 79 28 109% 110 . 100 Sinclair Ofl Sin Crude Of1 Sin Crude O11 Sin Pipe Line bs. .. 1 So Por Rico Suk 7a Va-Car Ch T%s w. 88 Westinghouse 7s.. 17 Wickwire Spen 7; 2 Wilson & Co llt 6s. C DSK Wilson&Cev 7 Wilson & Co cv 6 u 88 ‘Winchester A 73%s. 1 101 Youngsta B&T6s. b5 94% 94% —— RAILROADS TO TAP NEW COAL AND LUMBER AREAS Special Dispateh to The Star. ATLANTA, December 28.—Exten- sive development of rich coal and lumber districts in east Tennessee, |! Kentucky, North Carolina and south- western Virginia is indicated by the veral short lines of now. under way or being planned. Included is Sevanty.siz- Tallo line from Wilkesboro, N. C. Mountain City, Tenn. The Southern railroad aiso contemplates a seven- teen-mile cut-off between Bulls Gap, ville, Tenn., and a short” line is planned into the coal flelds of Campbell county of that state. The Southern also is r:ro rted to plan double trackin orris- ville, N. C., and town, Tenn., ti freight termi- _constructio; Union Pac 1st rf 43 Uniop Pacev ds... Uniow Pac cv 6 Union rac 1st rf 58 Virginia Ry 1st 6s. 9| Va Ry & P 1st 5s Wabash 1st 5 Western Md 4s. ... Western Paclfic 5s. West Shore st 4s. Wheel &L E cn 4s. | Whel &LE rf 4%s. | Wisconsin Cent 4s. TOTAL SALES (Mar Value): 1lam.. 3652000 12 noon 6784000 9 579 000 1p.m.. 8104000 2pm.. December 31— Air Reduction, All-American i'me. Dome Mines, Ltd., q. Firestone Tire & R. Gold & Stock Tel. Mexican Pet., o Proaucts, Dait. Unliea Verde Ext. Mis., § EX-DIVIDEND TABLE. 96% | FINANCI |Grain, Producé and' Live Stock LOCAL WHOLESALE MARKET. Continued warm weather has kept the vegetable market in splendid con- dition. There is a plentiful supply of vegetables from nearby farms and large supplies of fancy produce from the south. Nearby products consist of Kale, spinach, = turnips, carrots, potatoes and small vegetables, supplies from the south Including new peas, string 70% | beans and cucumbers, and choice 8 85% | 96% 89% 88 33 97% k( 49% 49 78% 863 6016 2 % | ends, per 1b., 2522 box, 1.50a2. le BALTIMORE, Ma.. strawberries also are being received from Florida. Dealers say it has been several vears since such open winter weather 111% has kept the market so well filled with green vegetables at moderate prices. Eggs—Strictly fresh, selected, can- dled, per dozen, 45a46; average receipts, 43: storage, 23, Live poultry—Roosters, per 1b., 16; turkeys, per lb., 32a33: spring chick- keats, young, each, 60a70; fowls, per Ib., 25a26. Dressed poultry—Fresh killed spring ckens, per b, 28a30; roasters, 27228; hens, per Ib. 27aZs: er 1b., 35a40; keats, Young, a83: roosters, per Ib, 20. No. 1, per dozen, . 2, 1.25a1.50. Live stock—Calves, choice, per Ib, 12; medium, per Ib., 11; thin, 2o, 1b., 8a10. Lambs, spring, per Ib.. 13. Live pige, 2.00a5. 06 RSt Pe hogs, per 1o “Green fruits—Apples, per basket 50a2.00; per barrel, 2.00a6.00. Cal fornia ‘oranges, per crate, Florida, 2.50a4.00. Lemons. 3.50a4.50. ~ Grapefruit, potatoes, Southern lettuce, per crate, 1.00a2.0 nearby, L0al.oc- Iceberg. 3.5024.00. Cabbage, northern. 1.5022.00 per 100 1bs.; nearby. 1.00a 1,50 bbl. Tomatoes, Florida, 3.006.00. Beans, southern, per basket, 2.00a3.50. Peas, per baskef, 1.50a2.50. New York celery, per crate; washed, 5.50a6.00: in rough, New York, 2.50ad.00; California, 50086.50. Squash, 2.50a3.00. Peppers, per crate, Florida, ' 250a3.50. Eggpiant, 4.0023.00. Kale, per bbl, 2.00a2.50. Spinach, per bbi., 3.00a4.00. Southern cucumbers, per bushel, 4.5025.00. Car- rots, 100-1b. sack, 2.25a2.50. Brussels sprouts, 15a25. GRAIN AND PROVISIONS. BALTIMORE, Md.. December 28 (Special). — Potatoes, white, 100 pounds, 75a1.75; 150 pounds, 1.00a2.00; sweets. and yams, barrel, 2.00a5.00; 1.50a2.00; beans, bushel, 1.50a ; beets, per 100, 3.00a5.00: broccoli, bushel, 30a35; brussels sprouts, quart. :‘cabbage, Danish, per ton, 20.00 X bushel, 35a40; carrots, per 100, 3. caulifiower, flat crate, 1.00a1.50; celery, crate, 2.0 4.00; cucumbers, crate.’3.00a4.00; plants, crate. 2.50a4.50; kale, 30a35: lettuce, = bushel iz onions, 100 pounds. 2. plants, per 100, 5.00a7.00: Lasket. 40a50; peas, hamper, 2.00a3.0 peppe: bushel, 4 . crate. 1.50a 2.50; tomatoes, crate, 4.00a6.00; tur- nips. bushel. 35a40. Apples, packed, barrel, 2.00a4.5 bushel, 50al. 1 loose, 100 pounds. rles, ' barrel, 0 .50, & per bbl. cranber- grapefruit, 2.00a3.50; pine- apples, crate, 5.00a4.50. Selling Prices on Grain. No. 2 red winter, spot, 1.0 inter, spot. no quotatio No. 2 red winter, garlicky, spot, do- mestic, 1.08; export, no quotation; No. 3 red winter, garlicky, spot, no quota- tion: No. 4 red winter, gariicky, spot, no qu')lallon les—None. Corn—Cob, new, 3.80a3.85 for yello and _3.6513.70 per barrel for whit No. 2 corn, spot. 841 3 corn, 8pof track corn, yeilow, No. 2, new, . white, 53a5312; No. 3, 75a85; No. 2 rye, spot, Hay—Recelpts, 125 tons. The tone of the local hay market is firm, with light offerings at the better grades of timothy, light mixed and No. 1 clover, for which description there is a fairly Bood demand at market quotations. 0 : 2, 22 Cloved mixed, 34 3bazs 80; No. v mixed, 24.50a26.00; No. I elover, 24.00 225.01 Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rve, 15.00 216.00; No. 1 wheat, 13.00a14.00; No. 1! oats, 14.00a15.00. DAIRY PRODUCTS. December 28 Special). — Live ~poultry — Turkevs, 40; voung chickens, 20a2 hens, eghorn ducks, 20a2 25a30; guinea fow! _Dressed poultry- 41; chickens, 24a26 lfldfll:;:w!leflv 116a17; ducks, 2baz0; Eggs—Loss of native and nearby outhern, 40. Cre: pound, 50a56: creamery ladles, 34ais; {store packed, 28a29; dairy prints, §28a62; process butter, 39. TODAY'S CHICAGO PRICES. CHICAGO, December 25.—Unexpect- ed upturns in quotations at Liver- % ,pool led to aometh!nx o( . (aln here alu oda e-rl} dexllng! Ab!ence of sellln‘ pressure counted also as a bullish influence. On the advance, however, profit-taking was prompt and a r action ensued. The opening, whlch varied from unchlnged figures 3 & 6 L.05% and July 1.05% to 105&. was _followed by a slight general rise before the market began to recede. Smallness of rural offerings of corn gave strength to the corn market and to oats as well. Messages from 96% |lowa and Nebraska indicated that 2% 135% c 'fi 1%% 00 16e TODAY’S METAL PRICES. W YORK, December 38 —Copper EW gulet; electrolytio 21334 ; futun-. uuu} % u IWC and nearby, 47.12; Iron -mdy. prices uncha steady: 7.40: .lfl. East St. Zinc spot and nearby. 0 27a 6.30. Anflmdn!. spot, 9:75a10.00. —_— In honorable dealing we must con- sider what w uu.n::d, not what we virtually no corn was being moved. After opening !4 to % higher, May 3% to 73%, corn continued to hold at_yesterday's finish or abov. Oats started 1: higher, May 447%, and remained near to the initial fig- ures. Provisions were steady in line with the hog market. ‘WHEAT- Open. High. Low. Close. Lot 1oog 1ol 1,064 " 107 1% 807 4 a1y 7 420 12.05 1215 9.55 5 CHICAGO LIVE STOCK MARKET. CHICAGO, December 28 (United States Department of Agriculture).— Hogs—Receipts, 54,000 head; active, steady; bulk 225 to 300 pound butch- ers, 7.06a7.15; 176 to 210 pound aver- a7, 140 to 160 pound packing sows, 0. cnue—nocemt 5,000 head; active; beef stee: to 25 higher; best yearlings, aixea"stoars od Reifers, 10.75; fed steers and yearlings, 7.25 29.50; bulls . and veal calves, ‘firm; stockers and feeders fully steady. Sheep—Receipts, 15,000 r-my ac- tivy at lambs, 15 to 25 lowe; steady to strong: lambs, 2.00212.25. TREASURY CERTIFICATES. (Quotations furaished by Reamond & Co.) -Noou.- 100 13-16 % CHANGE N BANKIG HOURS IS POSSIBLE District Association May Be Asked to Shorten Present Schedule—Notes. The first 1924 meeting of the Dis- trict Bankers’ Association will be held at 8 p.m. Monday, January 21, as pre- scribed by its constitution, in the as. sociation’s rooms, Masonic Temple, according to announcement by Harry V. Haynes, president of the body, thiy morning. The routine proceedings of thy meeting will be augmented by an ad- dress on “Making a Budget” by a representative of the Women's Homa Economic League, who will point out the advantages of expenditures along a carefully devised line. It is also understood from confi- Cential sources that a resolution leading to earlier :losing hours in District banking circles will be of- fered. This subject has been tha main point of difference, locally, years. In 1920 during the asxocia= tion’s annual convention a similar resolution wae offered and adopted, but never put into effect, t position proving too strong for p ponents of the measure. The ord authorizing early closing hours, wad finally temporarily abandoned. but those favoring the move believe the time now ripe for a second attemp! it is understtood. Anticlpation o such a resolution will undoubtedly bring out an_unprecendented repres. sentation at the forthcoming meeting. The report of proceedings of tha convention, held at Hot Springs t June, is ready for distribution, Mr. Haynes said, and will be mailed early next week. Local Exchange Trading. Common stock of the Washington Railway and Electric Company was the feature of today’ trade on tha local board. This issue gained frac- tionally, being strong at 703 and 70%: on sales of sixty-one shares. Lanston Monotype ruled steady at 71, with Continental Trust Company off to 88. Capital Traction was slightly casier at 953, with Wash- ington Gas unchanged at 481: A sale of $500 Capital Traction at 94% was the only bond trans- action. New Investment Totals. The volume of new investment is- sues definitely in prospect for Janu- ary will aggregate $160,000.000, & rep- resentative of a large New York house yesterday estimated. Sixty millions of this amount, representing the Argen- tine loan, is figured as almost a cer- taint: while the remainder, including a number of railroad i: es, is depend- ent upon market conditions. All theso deals, however, were classed as about ready for offering. A number of other issues are beginning to take shape. but their negotiation is yet only in the preliminary stages, and little tangible information is to be had con- cerning them. No great hoom in prices is looked for within the next few weeks, but sufficient demand is seen to attract additional issues to an amount to raise the total for the first month of the year to $300.000,000, or there- abouts. Selling organizations hav. little material at present with which to work and are getting primed for the new business that lies ahead. Seeks $3,150,000 Bond Issue. The Chicago & North Western rail road asked the Interstate Commerce Commission today to authorize an i sue of $3,150,000 in mortgage bon to Its own treasury for additions betterments, and for the retireme of funded indebtedness. Moody's Weekly Review. Moody's Weekly Review of Finan- clal Conditions says, in part: “The outlook may now be defined more definitely. The declines in com- modity prices and in _employment, together with the smallness of ne financing in the summer and early autumn, replenished somewhat the supply of liquid capital available for investment. In these various ways any necessity for further heavy liquidation of securities or goods has been averted or postponed. “General trade is foilowing a strictly normal course which should !oreshndow the usual winter reaction. spring activity, summer dullness and autumn boos Taking a broader ¢, it is indicated that a general recovery of commerce should begin in either the spring or the autumn f 1 “Bond prices respond consistently to trade conditions, and therefore in the long run the dullness of trade, both now and during the first haif or thereabouts of next vear, should act as a stimulant to the bond market. “One may well belleve, then, in se- lection versus trend as a means of making profits. Rails ought to be a purchase as soon as the railway bill. whatever it may be, becomes pretty nearly framed. Coppers, oils and some ‘ {other stocks also appear approximate- 1y dennea PRICES HOLD FIRM INGOTTON MARKET By the Associated Press. NEW YORK, December 28.—The cotton market was rather irregular at the opening today, first prices being 6 points lower to 13 points higher, with near months relatively easy under light liquidation. seventy-four additional January tices were reported, but the offer- ings of both .Ja» . were soon absorbed, and active months generally sold abou: 9 tu points net higher. Generai businexs Tas quiet, but the tone of tie arket was steady around 36.08 for March deliverios on bulligh o night advices from the southern spot markets and the fairly steady show- ing ot Liverpool. NEW ORLEANS PRICES. NEW ORLEANS, December Sufficient selling orders were in brokers' hands on the opening of the market today to cause declines of one to five points, but after the call buying was stimulated by re- ports of large spot transactions both locally and at interior points A line of 2.000 bales of cotton to arrive was traded in after hours yes- terday in New Orleans. At the end of the first half hour of business. prices were 9 to 17 points over Pho last sales of yesterdav. with January up to 36.00 ‘and October up SHORT-TERM SECURITIES. (Quotations furalshed by Redmoud & Co.) ——Noop.— g, Oter Aluminym Co. of Amer. 1024 Aluminsm Co. of Amer. American Cotton Oil 8e American Sugar 6s 1937 American Tel American Te Aoucous Copper. o i !o—AlurltAn on 7 e Mexell & ubny 7s 1981, "Tel. 8 1624, gy T, 2 ke 1951 g m Pen Swift a&(‘ofin ioas. Tidewater 01 8%s Unton Tank Car 7s 1860, U, 5 Rubber T