Evening Star Newspaper, December 30, 1923, Page 24

THE SUNDAf STAR, WASHINGTON, D. C., DECEMBER 30, 1923—PART 1. FINANCIAL. INVESTORS STUDY g ‘ BOND SUMMARY FOR THE WEEK .STOCKS GO HIGHER 1924 PROSPECTS : ¢ ‘ : S e 5% eI , 5775 IN BUSY MARKET 97-7 Liberty Ist 4s 1932-47. y ‘Week cnding December 39, 1083, Net. erty 1st Tax Reduction and Money Rates| s> High. Low. Oless. Ubge. Have Vital Bearing on 3 Advance Rumely pt. 66 Alr Reduction. Future. % Ajax Rubber 1% 80 59% Allied Chem! 70% Allled CI emh:ll &Dyl pr. l:;“: NEW OFFERINGS COMING SOON ::* ™% 51 3 Allis-Chalmers Mfg C 96-24 Liberty 2d 4% s Tax Selling and Profit Takin 97-25 Liberty 3d 4igs 1 i 96-27 Liberty $th 43¢s 1933-36. 8-9 440 Fail to Check Up- 98-1 Treasury 4%s 1947-62... 99-12 99-6 Sward Coutse; 100" A 7o 82T e rgentine 7s e . 93 Belgium 7%4s 1945. 9% U. 8. STEEL AGAIN LEADEl 93% Belgium 6s 1925 6% 9 91 Belgium 1941 | gtlt% ::::‘el.;x'x ll’ . !uu Unexpected Strength Develops i1 99 Canada 5s 1926. % 100 Railroad Shares. Canada 5%s 1929. ... L . 97% Canada 68 1952. I 4444+ +++ Fraes Weeks Gives Little Indication of| Next Year’s Trend. Am Brake S & Foundry. American Can. American Car & Foundry. American Chicle American Cotton Oll ctfs. Amer Cotton Ol pf ctfs Am Druggist Syndical Bao 1 Mcintyre Porcuplno Min 58% 6 Mack Truck: 7 Mack Trucks 1st pf... 25 R8s 0 ssns Bpecial Dispatch to The Star. BY GEORGE T. HUGHES. By the Assoclated Press. 100 Chile 8s 1941. NEW YORK, December 29.—In on¢ ++41 L I++0 NEW YORK, December 29.—As the Year ends the problem which invest- ment bankers and others interested in the investment markets are trying to solve is the probable disposition of the large sums which will be dis- bursed on the first of the year as dividends and interest. January is traditionally the time for the reinvestment of such funds and this vear the amount so avail- &ble will be very large. It has fre- quently been the experience the past that the January reinvestment demand was anticipated by a sub- stantial rise in the quotations for prime securitles during the closing days of the preceding year. Such, however, has not been the case this year. The advance in the stock mar- ket and the incidental speculative ac- tivity are matters of entirely differ- ent ‘sort and in no way connected with this reinvestment phenomenon. The bond market, meaning there- by the market for high grade se- curities, this past week has thrown no light on the future. Apparent- 1y, on the contrary, it has been gov- erned by an entirely different set of influences. Chief Factors of Week. The controlling factors for the past week have been the outlook for tax reduction in Congress on the one hand and the probable course of moeney rates on the other. Coupled with the matter of tax reduction is of course the matter of the bonus. The theory is that any substantial Teduction in the rate of surtaxes on high incomes would lessen the demand for tax-exempt securities and release that much additional capital for business or for investment in tax- able bonds, which amounts to the same thing. There is always at the close of the year a certain amount of selling for the purpose of recovering losses lo be written off in income tax returns. Such selling obviously comes only into securities the price of which h suffered a considerable deciine dur- ing the year. There " has been more than the wusual incentive for this kind of sell- ing this month in that the plan of Secretary Mellon contemplates abol- ishing the privilege of writing off «capital losses in this manner. Tax Selling Discounted. How great a factor these sales are it ts very difficult to estimate. The probabilities are that their impor- tance {s not as great as is ordinarily belicved. In any case, however, the 1284 114% 169% 129 165% 126 108% 91% 95% 85 43% 19% 31% 15 157 0% 9% 142% 92% 124% 70 147 115 53 28% 104 5% 85% 20% 34 15 15% 6% 861 68 American Express American Hide & Leather. Am Hide & Leather pf.... American Ice. American Ice pf American International. American Linseed American Lt Am Locomotive (new) . American Metal....... ‘American Radiator. American Safety Razo! Am Ship & Commerce American Smelting & ‘Am Smelt & Refining pf American Steel Foundry. American Sugar Refining. Am Sugzar Refining pf..... Am Sumatra Tobacco. Am Sumatra Tobacco pf. Am Telephone & Teleg. American Tobacco. Am Tabacco Clai Am Tobacco pf (new) Am Water Works & Elec. Am W W & Elec par pf. Am W W & Elec 1st pf. American Woolen. . s ‘American Zinc Lead & S. American Zinc L & 8 pt. Anaconda Copper.... Armour & Co 1% pf 4 —— Arnold Constable & Co. 4 Asso Dry Goods. 150/Associated Ofl (new). 6 Atchison. Topeka & S Fe. Atch. Topeka & S Fe pl III“H“IIII Sava @ & e N ~u-| i-q-nulml:nol I.,Im.a! Atlas Powder (new) Atlas Tack Austin Nichols Auto Knit Hoslery. “I'Agl["‘ Barnet Leather. Barnsdall, Class A. Barnsdall, Class B Beechnut Packing. Bethlehem Steel Brooklyn-Man Tran tr c BrookIn-Man Tr pf tr ctf: Brooklyn Unlon Gas. 10 Burns Bros. 2 Burns Rros Class B. 50c Butte Copper & Zinc. —— Butte & Superior. —— Butterick Company... —— CaddoCentO& R 6 California Packin, California Petrolm (new). California Petroleum pf.. B R T T A I R [ e 144 | +4% 1 + [ Manhattan Elevated gtd Manhattan Shirt. Maracaibo Oll. Market Street Rallway. Mariin-Rockwell. .. Martin-Parry. . Mathieson Alkjll Maxwell Motor, C| M xwell Moto: N Y Alr Brake class A. New York Canner: New York Central. . New York Chi & St Loul New York Ontario & W. Nortolk Southern. Norfolk & Westera. North American. North American pf. Northern Pacific. heum Circuit. . gt s Elevator. an-Am P Trans Class B. . Parish & Bingham Penna Coal & Coke. Pennsylvania Rallroad. People's Gas . Chicago. Pere Marquette. Philadelphia Company. T+ L bt N e e N A EFEEELERF FERFEFEES - & EEFE P © FFFEFEFLER b A bbb | 4 88% Chinese Govt ezte. uu Copenhagen 5*- 194 Czechoslovakia 8s 1951 Denmark 8s 1945. Denmark 6s 1942 Framerican Ind Dev 7%s 1942.. French Govt 8s uc French Govt 7%s 1 Holland-American s l 63 1947 Japanese 1st 4%s 1935 Japanese 2d 4%s 1725. Japanese 4s 1931. Jergens Utd Margarine Lyons 6s 1934 69 Marsellles 68 1934. . 42% Mexico bs 1954. 25 Mexico 4s 1954. 109 Norway 8s 1940. 63% Paris-Lyons-Med 6s 1958 103% Queensland 7s 1941 100 Queensland 6s 1947 88 Rio de Janeiro 8s 95% Sao Paulo, State of, 88 76 Seine, Dept of, 7s.. 102% Sweden 6s 1939 111% Swiss Confed s 106% United Kingdom § 99% United Kingdom 5 INDUSTRIAL AND MISCELLANEOUS. 96 Amer Agri Chemical 7%s 1941.. 97% 86% Amer Smelt & Ref 1st bs 1947.. 92 99% Amer Sugar Refining 6s 1937 95 Amer Tel & Tel cl tr 58 1946. 91 Amer Tel & Tel cl tr 4s 1929. 82 Armour & Co 4%s 1939. 96 Atlantic Refining deb bs 1937 95% BEell Tel (Pa) ref 55 1948. 8614 Bethlehem Steel p m 5s 1936. 96 Bethlehem Steel s f 6s 1943 107 Brooklyn Edison 7s D 1940. Central Leather 5s 1925. Cerro de Pasco 85 1931 Chile Copper 6s 1932. Cons Coal (Md) 1st ret 68 1959.. Cuba Cane Sug cv deb 8s Detroit Edison ref 6s 15i0. Du Pont de Nem 733 1931 Empire Fuel & Gas T%s General Electric deb bs 1552 Goodrich (B F) 634s 1947. Goodyear Tire 8s 1931. Goodyear Tire 8s 1941 Humble Oil & Ref G%s 1932 Indiana Steel 5s 1952 Inter Mer Marine 65 1941. Inter Paper 5s B 1947. Kelly-Springfield 8s 1931. Lackawanna Steel 55 1950 Liggett & Myers 6s 1951 Manati Sugar 8 f 7%s 1942, s Midvale Steel 5s 1936. New England Tel 5s 1952. g w York Edison 1st 6%s 1941, NYGas ELH & P 55 1948 New York Tel 6s 1941. of the most active half-holiday ses slons this year stock prices today continued their upward course in tht face of heavy tax selling and profit taking sales. This was the lam 2sy on which income tax losses coum b '\ established by the ordinary clearance method, although cash sales for suct a purpose will be possible on Monday Brokers reports that most of this be. lated tax selling is coming from smal investors and speculators. United States Steel common wad again the bellwether of the markag climbing within half a point of par but slipping back later to 99, where it was up % on the day. Increaset activity also developed in some of the independent steels, buying of wivch was influenced by reporis of a broader demand for steel products Crucible touched 68% and then fcil back to 67, unchanged on the day, while Penn Seaboard closed at its tof price for a slight fractional gain. Rail Shares Strons. Unexpected strength also devel- oped in the railroad shares in reflec- tion of the good showing being made by most of the November earnincs statements. Atlantic Coast Line closed 2% higher at 113% after sell- ing slightly above that figure; Union Pacific closed nearly 2 points highet at 129%, and gains of a point or ko were recorded by Chicago and Northwestern common and_preferred, Louisville and Nashville, Norfolk and Western, Southern Pacific and Rock Island. Some of the eastern carriers yielded fractionally. Corn Products was strong on tha prospect of a stock disteibution next month if the proposed recapitalization plans are carried out, closing at 155% up 2%. American Agricultural Cheni- ical preferred, Iron Products certi cates, Brooklyn-Manhattan Tran: preferred, United States Realty comn- mon and prefefred, International Ha; vester and Tidewater Oil all moy up 1% polints or more on the day Marland Ol Active. Marland was actively bought du;- ing the session on reports that ti proposed sale of its treasury stoch was to be made to the Standard Oi! of New Jersey interests. The stock touched 39%, but slipped back later to 38%, where it was up % on the day. Forelgn exchanges generally move: within narrow and irregular limits Demand sterling dropped % of & cent to $4.33% and French francs ruled steady around 5.13 cents. Japanes: yen were again in supply as a result N.-qual wegn | e I ul flunml l ” oflmhtql PTYS possibilities involved make it more| 98% 83 difficult to interpret the market's ac- | 11% 54 Callahan Zine & Lead tion. No one professes to be at all| 66% B50% 2 Calumet & Arizona. certain about the outcome In Con- |151% 119% Canadlan Pacific. Bress as (o either the tax reduction 1 Case (J ) Thresh Mac proposal or the bonus. It s rea- Central Leather Co. gnably assured that money will con- Central Leather Co pf. nue comparatively easy. Meanwhile the bankers are prepar- e Ml Ing a long list of new offerings with Chandler Motor. Which to test the market in the new Chesapeake & Ohlo. vear. These new offerings will come Chicaro & A nto competition with seasoned issues, leago & Atton. and although the available investment funds are enough to support both, no one can say which will attract the larger proportion. For the most of the year just passed there has.been Mo opportunity for speculative profits in subscribing to new {ssues. More Phillips Petroleum. Philip Morris & Co ~—— Plerce-Arrow ~— Plerce-Arrow pf. 8 Plerce-Arrow pri e 90% New York Tel 4%s 1939... ’ of the recent political disturbances in North American Edison 68 1962. 907 % that country. Pacific Gas & Elec 58 19 9 The weekly clearing house state- Pacific Tel & Tel 5s 1952 900 | ment showed increases in most of ti 5 Philadelphia Co ref 68 1 principal items. Loans, discounts a i Public Service 55 1959, investments were $122.358.000 abov - Siaolatr Ofl Ts 1937 g e the week before; net demand deposit Sinclair Crude Ofl 5%s 1925 9 14 lnc‘[:";;zs‘z’aao! 990 and time d-- Paen s . - 9 6% | aropped $11,951,000 below a week ar U'S Rubberclst & ref 58 1047, 8434 | 000 Teaving o defci i ’5“?3"" Public Service new U S Rubber 7%s 1930. $8.996,340 & ‘compared with. exc: Public Service 8% pf. 9944 U S Steel 8 £ 53 1963. reserve of $14,015,060 a week agc. Pullman Co. Utah Power & Light 5s 1944. EXPECT GOOD TIMES. P+ ++44+ 1 - P41 1+ Postum Cereal. Pressed Steel Car 44+ (2 ABE] Chicago & Great Western. Chicago & Gt Western pf. Chi, Milwaukee & St Paul. Chi, Mllwaukee & St P pf. % 125 Punta Alegre Sugar.. Va-Carolina Chem s £ 7s 1947 1% Pure Ol Va-Carolina Chem 7%s ‘37 war. 8 PureOll pf. ‘Western Unlon Tel 6%s 1936. often those traders who attempted to make such 2 profit took a loss in- Stead. Stocks Helpful to Bonds. In repeated instances when the syn- dicate support was withdrawn the price broke anywhere trom 2 to 4 Doints. There was great Improvement in this respect in the last few months, prices being well maintained, but still with no disposition t. advance. This condition will have a certain ef Chicapo & Northwestern. Chicago & Northwest pf... Chicago Pneumatic Tool. Chicago. R I & Pacific Chi R I & Pacific 6%. Chi R I & Pacific 7%. Chicago. St P.M & Chile Copper. ~— Chino Copper. 4 C.CCa&sStL. 5 Cluett-Peabody 7 €oca-Cola [esimae b E LA [=%+Bl | ® ¥ = 2 Reading2dpt.. —— Remington Type Replogle Steel. Reynolds Tobacco, Royal DN rshs... ® I+1+1 1+ +++ 1+ EEFE Wilson & Co 1st 65 1941. Wilson & Co cv 7%s 1931. RAILROAD. Atchlson gen 4s 1995 Atlantic Coast Line 1 Balto & Ohlo pr In 314s 1925 Balto & Ohlo gold 4s 1948 Balto & Ohlo 6s 1929 Balto & Ohio cv 4% Balto & Ohlo ref 5s 1995. B&OPitts LE & W Va B & O Southwn div 3%s 1925. Baltimore Manufacturers Take On- timistic Position. Special Dispatch to The Star. BALTIMORE, December 29.—Lo:: manufacturers and distributors pre dict a continuance of good timcs next year. They say there is a more decided tone of confidence In ths business world, as it is clearly ey - fect on the market next year. Nor ha: Colorado Fuel & Iron. there been any incentive =0 acquire Colorado Southerns-s ... outstanding {nvestment boals from Columbia Gas (new) advancing prices. ‘Probably the turn . Coluabie: CRtbon o in the trend of speculative opmion in c Tab Record the stock market has been helpful i d s to investment, but on the otaer hand Congoleum Company.. .. it has also drawn away attention Conley Tin Foil from Investment. 23 Consolidated Cigar. Of one thing there is no doubt, and Consolidated Gas new. that is that railroad securiics have 59% Continental Can 3 fallen from the high esteem i1 which Corn Products Ref. they were-held by all conservative| gg" g 624 22% Cosden Company. investors. It is particularly eviden: in Cosden Company pf. stocks, but it also appears in the | 102 Crucible Steel. middle-grade raiiroad bonds. The Cuban-American Sugar. .. market price of the very highest Cuba Cane Sugar, grade of raflroad bonds has been held Cubs Cane Susar pi: Canadian Northern 6%s 1946, dent that the year is winding tp 6% Canadian Pacific deb 4s. with production and gross business Central Pactfic 4s 1949. at record lcvels, with fair profit. Chesap K ventories are iow everywhere. Chesapeake & Ohlo cv 438 1930. Normal ~manufacturing _output Chesapeake & Ohlo gn 4%s 1992 expected to continue during the fi Chicago & Alton 3s 1949. half of 1924, with prices firm. It Chicago & Alton 3%s 1950. believed that demand for money w Chi B & Quincy 1st ref bs 1971. begin earller than usual and fro Chi & Eastern Il gen 55 1951 Eigher levels of outstanding loa: than & year ago. e et e 3 The credit situation is regarded : favorable to further prosperous p- duction and larger operations are « pected to develop next year. -San Francisco. -San Fran pf. ——— St Louls Southwestern. 5 St Louls Southwestern pf. —— Savage Arms. —— Bchulte Store: ~—— Seaboard Alr Line ~—— Seaboard Alr Line pf. —— Sears-Roebuck —— Seneca Copper. —— Shattuck Arizona. 206 Shell Trad & Transport... 1 Shell Union Oil. 6 Shell Union Oll pt. AL+ ++4 01+ 1+ “arsraefeessve Chi M & St Paul gen 43%s 1989.. up by the fact that these securities are legal inyestments for savings banks and "{n New York and most other eastern states are the only legal investments outside of govcrn- ment, state and municipal issues. Speculation Aective. This results in giving them an art' fically high quotation out of all line with that of high-grade industrial and utllity obligations equally well secured. Here the tradition that rail- road securities are exceptionally safe still prevails. There is one other ex- eeption to the general rule. Foreign buyers are still partial toward the rails, but the individual American iv- vestor not subject to legal restrictions ae to his holdings is turning steadily more and more to securities outside the raliroad field. This is all ths hard- er to explain in & year whicn has been so exceptionally prosperous for the railroads as 2 whol Furning to the Speculative markets, l{;e week has been marked by a re- mption of activity for the rize and | by the spread of optimism as fo tue future. (Copyright, 1923.) 80 PER CENT MELON " VOTED IN DETROIT!: Lee, Cady & Co. Will Distribute Stock on Janu- ary 10, By the Associated Press. DETROIT, December 29.—A stock Gividend of 80 per cent, payable Jan- uary 10 to stockholders of record De- cember 31, has been declared by di- rectors of Lee, Cady & Co.. whol sale grocers.” The dividend will be paid in new shares of $10 par value and the present stock of the company T8% Il l 190 136 10% IBK 8% 7% 9% CGK 8% 18% 9% “un 284 91 9% 22 8 70% s Cn:fln-bomlnlc‘n Su 124% 934 130% 109% 111 100% 22 15% 148% 106 Du Pont de Nemours. 89% 82 igimmnmmw| =] Fifth Avenue Bus. .. 10 - Fisher Body.. % 3% Flelshmann Company. 6 Foundation Company... —— Freeport-Texas. . 38 General American Tank... —— General Asphalt. .. § GemeralAspusicy 17% —— Goodrich (B ¥) Company. 67% 7 Goodrich (BF) Copf.. 85 —— Goodyear Tire & Rub pt.’ 12 - —. Granby Consolidated. 25 18% —— Greene Cananea Copp.r 5 — Guan! o Suga: 4% Gulf, Mobtle C Nona L 65% Gulf States Steel. 39% 31 CECTN 1 Du Pont de Nem 6% deb. .. [ R S AR T s e e A R R S T R R s X FREFSR T+ 1+ 11 1+44+1+4+ + A (o, 22" Ferses ¥ FF Milling 2 Standard Ofl of Caiifornla. Standard Ollof NJ. 10 Stewart Warner Speed. 19% Stromberg Carb. 10 Studebaker 7 - Submarine Boat. ‘Tennessee Cop & Che: 8 Texas Company. Smelt R & M pf. 8 85% $5% United States Stee! l+++++141 % 90% 100% It d 111 H L1444 ettt tee - EE - 6% —— Simms Petroleum. » Chi & Northwestern 63%s 1936. 1 Simmons Co - 88’ 2 Sinclair Con 8 Sinclair Con Ol y P —— Skelly Oll ~—— Slowss-ShefMeld Stl & Iron. Chicago Railways 5s 1927. Chi R I & Pacific ref 4s 1934. Chi & Western Ind con 4s 195! C CC & StL ref 6s A 1939 Cleveland Term 5%s 1972 Colorado & Southern 4%s Cuba R R 55 1953 Delaware & Hudso 2 Den & Rio Grande con 4s 1936. . Den & Rio Grande 1st ref 8s 19656 Detroit United 4%s 1932. Erie 1st con 4s 1 Erio gen lien 4s Erfe cv 4s A 1953 Erie cv 4s D 1953 Great Northern gen 7s 1936, Great Northern gen 5%s 1952 Hudson & Manhattan ref 5s 1957 Hudson & Manhattan adj 5s 1957 Illinois Central 6%s 1934. Inter Rapld Transit Gs 1966. .. Inter Rapld Transit cv 7s 193: Inter & Great Nor adJ 6s 1952. Kan C Ft Scott & M ¢s 1936.... Kansas City Southern 3s 1950 83 Kansas City Southern 5s 195 92% Lake Shore 4s 1928. Lake Shore 4s 1931. 8% 101 88% Market St Ry con bs 192« 79% Mil Elec Ry & Lt 1st ref Mo Kan & Tex pr In Missourl Pacific 1! Missouri Pacific gen N O Tex & Mex inc New York Gent deb 4s 1934.. New York Cent ref imp 68 <0 NYNH & H cv deb 6s 1948 N Y West & Boston 4%s 1946. .. Nortolk & Western con 4s 1996, 99% Ore Short Line gtd 6 90% Ore Short Line ref 4s 1929. 75% Ore-Wash 1st ref 4s 1961 BALTIMORE PRODUCE. BALTIMORE, Md, December - (Speclal).—Under a good and activ demand coupled with lighter receipts the New Year market for dresscd poultry is firm and the demand 1o doubt will continue good up to Mon- day. Choice young turkeys are bringing 40 to 42 & pound, fair to good 37 to 39, old toms 35 and 35, while poor and crooked breasts will not bring any premium over sale under a firm market and light re- ceipts. These lines generally do best at the New Year market, and values hold steady at 26 to 28 a pound for choice young chickens, 25 to 27 for old and mixed, 25 to 30 for ducks and geese, but old roosters are plentiful at 16 and 17. In the live poultry, market all lines also continue firm under an increasing demand for the holidays. Turkeys are in only moderate re- celpt and active at 40 cents a pound for choice hens and gobblers, 35 for old toms and 25 to 30 for poor snd crooked breasts. Young chickensare in light receipt and selling 26 and 27, leghorns 23 and 24 and poor and thin 20. Choice fat oid hens aiso bring 26 and 27, but small to medium are not Quite so active at 23 to 25, while small_and leghorns will not bring over 20 to 22. Ducks and geese are 21s0 in moderate receipt and market firm at 20 to 27 for the former and 22 to 28 for the latter. Pigeons and guinea fowl are easy at 25 to 30 a pair for the former and 40 to 65 each for young and 35 for old of the latter. Recelpts of strictly fresh native and nearby eggs continue liberal, and while the market rules steady at 42 cents a dogen there {s no snap to the demand and it takes first quality stock to bring top quotations a4 held eggs or what is known as aver- age receipts have to be sold at a discount. “‘ne white potato market rules frmer under light receipts and & con- tinued good demand for well graded stock at 1.40 to 1.85 per 100 pounds and 90 to 1.00 for No. 2s. 150-pound sacks bring 1.25 to 3.00 as to quality. i b5 thos 100 |31 conditlon. Sweets and yams also in good demand under moderate re- ceipts and the market rules firmer at 4.50 to 5.50 barrel for the former and 350 to 4.00 for the latter. But No. 2 stock of both will not bring over 1.50 to 2.50. Bushel stock continues fair- 1y active at 75 to 2.25 as to quality and condition, while 4-8 baskets seil mostly 76 to 1.10. Native and nearby garden truck, in ample receipt gener- ally, but under fairly good demand the market rules steady to firm at the following quotation: tm Seaboard Alr Line ref s 1959. ‘Beets and carrots, 3.00 to 5.00 hun- 22% Seaboard Air Line adj bs 1949. dred; broccoli and kale, 30 to 3% 58% Seaboard Alr Line con 6s 1945. bushel: brussels sprouts, 15 to 20 90 Southern Paclfic cv 4s 1929. quart; savoy cabbage, 35 to 40 bushel; 83% Southern Pacific ref 4s 1955. Y caulifiower, 150 to 2.5 barrel; cel- 7% Southern Pacific cal 4s 194 ery, 200 to 4. m{ crate and 80 to 30 a onions, - Sonthera By aas - pound er plant, 5.00 to 7.00 edred: parsaips. 40 to’ B basket: inach, 90 to 1.00 bushel, and turaips. 35 to 40 bushel. Apples continue in ample recelpt. snd the market rules easy with only brt wvarieties of soft ;'a“:'n‘z":?: 96% | brin top quotations of o X -1.! to L35 will be exchanged for shares of $10 par value. 2 The usual cash dividend of $10 a 117 ;;‘: ; :’um?mb".mu"mc" share on the old stock will be pald 106% 102 —— Illinols Central pf full pd. i!,::u-ry 2 to stock of record Decem- 11% 3% — Independent Oll & Gas . Ahe ocapital of the company has been Increased from 31,360,000 o $2,500,000. e CHICAGO GRAIN PRICES. CHICAGO, December 20.—Wheat re- ded readily to buying today, 19% 2 Internat Comb Engine.... th s decided falling oft e 98% 66% 6 -Interna primary rec recelpts for thie week the mar. % 1 et scored mx: Lv Ilptvrn at ot net lpl':hqr Stay, 1oTRaT 0T e 69% 6 Internatfonal Nickel 1074, and :uly'lmc' Sn m—xnnmuompw"“‘ Ll sk bl R *s-a....,.* : CHIOAGO m mfl?éoon “Libb; "GN.'“ ‘“ .:lgl BT Nuats: Swit Ingernaionsi. i = LI+ 1+ F+ I+ - o FE5 e o & { sExser FeFesss Fisss {3 =553 (oI & ¥ @ = ® - A I B N S R N - - 8 FURHH L L+ |+ FrxFesfsSesss sessiafsss 3age & H “Rexdet T ‘, g T S iy 3 M 3 & Co., ‘Wrigley, 39; Y, IR R PR S st A A NE AN lx;' 'l'lll. 62 YIIO“' “