Evening Star Newspaper, December 31, 1923, Page 20

20 L AX SELLERS BEGIN 3UYING BACK STOCKS FINANCIAL. THE EVENING STAR, WASHINGTON, -D. O., MONDAY, DECEMBER ‘31, 1923. Received by Private Wirs Direct to The Star Ofice S. Steel Common Reaches Par Adv Rumley.... During Today's Trading in Wall Street. ALL MONEY IS ADVANCED dv Rumley pf. Alr Reduction. . | AJax Rubber. .. | Alaska Juneas Allled Chem. ... Am Agr Chem.. Am Ag Chm pf. Am Beet Sugar. Am Bosch Am Can. “1s Again Strong—Railway Shares | Am Canpt.’ Get Attention. BY STUART P. WEST. nectal Dispatch to The Star. NEW YORK, December 31.—The “vincipal gains in today's stock mar- ct were among the stocks which have cen the object of the largest selling »r the purpose of registering tax osses. This was quite to be expected on e last day of the vear when the ‘ulk of this sort of selling had been ompleted. Naturally it was the tocks on which the big paper losses 1ad occurred which felt most the elief. Among the Industrials thus ienefited Were American Agricul- ural Chemical common and preferred, the Virginia-Carolina Chemicals, the ‘‘onsolldated Clgars, the American iinseeds. and the leathers, the ship- ving stocks and some of the rubbers and tires. It was also quite likely that re- purchase of stock sold previously for fax purposes was partially responsi- ble for the jump in Producers and Refiners and for the strength in Phil- iips Petroleum and other of the oils. Ofl Stcok Agaln Strong. The oll shares as a group, how- ever, were naturally helped by the over-Sunday announcement of an- other advance in crude oil prices in the Pennsylvania district. Also there was the statement by the head of the Sinclair Company that consump- tion would soon overtake produc On the other hand, speaking oline, the president of the Standard Oll of New Jersey did not anticipate an equation being struck between demand and supply before the middle of next summer. Rallway shares came in for con- siderably more attention. In the case of stocks llke Great Northern pre- cago and North West- Missouri Pacific pre- ferred removal of the _tax-selling pressure was no_doubt responsible for the advance. But this explanation did not apply in the case of Southern Railway common, which stood out conspicuously and closed the year at a new high figure. The buying here was based upon earnings and divi- dend prospects. Southern Rallway earned nearly 5 per cent for its junior stock in 1922 and on the basis of results for the eleven months ended November 30, 1923, it {s estimated that 10 per cent will 'be shown this year. Under these circumstances it Is thought likely | that a dividend distribution will oc- cur some time during the mew year, provided there s assurance ~tht there will be no anti-raliroad legislation. Call Money Rates Raised. Nothing happening outside the stock exchange was of as much in- terest as what happened inside. Call money, as was to be expected on the last .day during which funds were being gathered in for use in the new vear settlements, rose to 6 per cent /tor standing loans. But later in the day the rate on newly borrowed money fell off again. Those who remember what used to occur in the year end money markets can best appreciate the blessings of the federal reserve system. Sterling exchange was off rather no- ticeably, ~and French francs went lower again. The latest cable reviews from Parls, however, once more hore witness to the fact that French critics have ceased looking for trivial and transient explanations for the decline in the franc. They are showing more of & disposition to face the funda- mental truths. U. S. Steel Reaches Par. The most noteworthy achievement in the stock market was Unlted States Steel common reaching par. This al- ways has a sentimental value in in- vestment as well as in speculative circles. Coming as it did on the last day of the year, it showed the mar- ket's readiness to accept favorable predictions now being made on almost every side regarding the business outlook, at least during the early part of 1824, MARKET CLOSES STRONG. Wall Street Year Winds Up With Lively Trading. By the Associated Press. NEW YORK, December 31.—The final session of the vear on the stock exchange was seized by an upwar movemant of prices which was accom- plished in the face of heavy tax sell- ing, especially of low-priced railroad and industrial issues. The crossing of par by United States Steel common and the buoyancy of several oil shares was the day's features. Sales approxi- mated 950,000 shares. The closing was strong. The list showed more general strength in the final hour when some of the standard industrials were bid up sharply, par- ticularly Baldwin. DRY GOODS MARKET SLOW Some Price Changes Reported in Silk Trading. Special Dispatch to The Star. NEW YORK, December 31.—The year ended on the Worth street cot- ton cloth markets with trading some- what dull, but prices steady. There was some disinclination in evidence toward selling' gray goods for deliv- ary beyond January at present prices. Ginghams were dull, awalting the gpening of some new lines Wednes- ay. The raw silk market was somewhat dull, with only the Cantons showing price changes. Canton 14-16 and 20- 228 advanced 5 cents each to $7.70 and $7.30, respectivel: —_— FOREIGN EXCHANGE. (Quotations furalstied by W. B. Hibbs & Co.) Nominal Belling checks sold ralue. H 78 kit 58 per triltion 130 per tril “oisb” ‘1746 ‘o1 a3 crown Stockholm," crown By the Associated Press. NEW YORK, December 31.—Forei| oxchanges easy. Quotations (in United States dolla; Great Britain, de- mand, 4323 cables, '4.327-16; sixty-day bills on_bank: l.fl 15-16. France, demand, .0508%; cables, .0509. italy, demand, .0431%; cables, .0432. E-lrlum. delz‘u.nd &446%30?hl%% L0447, 10000000025 ; c-hlu. 260000000000025, . Holland, de- mand, 37.90; cables, m'wle demand, 14.61; Sweden, demand, 26. u l’)enm&rk dallllnd 17.71; Switzerland, Spain; delnlnd 12,90} 022; Poland, de- Cazechoslovakia, de- %; ' Jugoslavia, demand, 13%; Austria, demand, .000014; Rumh. demand, - oosu& Argentin mand, .10; deman BANK Wfls UP .3 Montreal, .97 9~ lO 192! 1922, $24,650, xm ov year were f.Ol‘ Am Car & Fay.. Am Chain (A).. Am Chicle Co Am Cot O ctfs | Am Cot Ofi pt.. i Am Druggis Am & Forgn w 1. Am & For pf w | Am H & Leath. . Am H & Lea pt. A Ice. Am Internat) Am Radlator. Am Bafe Rasor. Am Ship & Com. Am Smelting. Am Smelt pf. Am Steel Fdy. Am Su, Am Tobac (B).. Am W W 6% pt. Am Writ Prpf.. Am Woolen. Am Zinc&Ld pf. Anaconda...... Armour of Del pt. Arnold Constab. Asso D Goods. .. Assoclated Oll. . Atchison. . Atchison pi Atlan Bir & At). Atlan Cst Line. . Atlantic Fruit. . At Frult stfs Atlantic Gulf. At Gulf pf. Atlantic Ref. Barnesdall (A). Barnesdall (B). Beechnut Pack. Beth Steel. ..... Beth Stl 7%(n) . Booth Fish. ...« Br Em St 2d pf. Bllyn Edison. .. Brklyn-Man Tr. Brkin-Man T pt. Bklyn Un Gas. Buff Rch & Pitts Burns Bros (A). { Burns Bros (B). Burns Bros pf.. RButte Copps Butte & Super.. Butterfck. Caddo Oll. Calif Pack. Calif Petrol. Calif Petroi pf.. Callaban Zinc Calumet & Aris. Canadlan Pac... Case Plow Wks. Central Leatn Cent Leath pf. Cerro de Pasco. . Chandler Mot.... Chesap & Ohlo. . Ches & Ohlo pt Chi & Alton. Chi & Alton pt. Chi & East TI1. Chi & E Il pf. Chi Grt West. Chi Great W pf. Chi Mil & St P.. Chi Mil &St P pt Chi & Northwn.. ChiRI& Pac... ChRI& P 6% pt Chi R I&P 7%pt. ChiStPM&O... Chile Copper. ... Chino Copper. ... Cluett Peabody. Cluett&Pby pf.. Coca-Col Colo Fuel Columbia Gas... Columbn Carbon Comp Tabulat. . Congoleum Co. Cons Cigar. Cons Cigar pf. Cons Gas of NY. Cons Textlle Cont Can. Continental Mot Corn Producta. Cosden & Co Cosden pf. Cuhl Cane Spf.. Cuban Dom’can. Cuban Dom pf. Cuyamel Fruit.. Davison Chem. . D Lack & West. Detroit Edison.. Dome Mines. Open. sun 11% 7 5% g 6% Ty 104% 109% Douglas Corpn.. Dugpont (B1). Eastman Kodak. EatonAxle &8p. Elec Stor Bat. Elk Horn Coal Emerson Brani Endicott-John Erle Erie 1st pf. Exch'ge Buffet.. Famoup Players Fd Mifes &S pf. Fifth Ave Bus. .. Fisher B of O pf. Freeport Texas. Gardner Motor... Gen Am Tk Car. Gen Asphalt, Gen Elec spl. Gen Motors... Gen Mot 6% deb. Gen Mot 7% deb. Gen Refractories. Goodrich pf. Goodyear pf. Goodyear pr pf Granby Consol Gray & Davis... Gt Northern pf.. Guantana 8ug. Gulf Mo & Nor. Gulf M & Nor pf. Gulf St Steel. Harbishaw Cab. Hanna (M A) pt. Hydraulio Sti Illinots Central. 11 Cent pf £ pa 1nd Ofl & Gas, Indiahoma. i 1 mu ionid T e o Low. Close. 10% U% | Interb Rap Tr.. 24% 38%!In Ag Chemieal. - 67 71 {In Ag Chem p Int Cement. In Combust B, 1i Int M Marine uf. % | Int Nickel i | Intl Paper. | Invinctble Oil Iron Products. . | Iron Prod ctfs. *| Jewel Tea. |JonesTea.... . Kansas & Gult. . 1, | Kansas City 8. Kayser (Julus) | Kelly Spr Tire. , Kelly-Spr 6% pt Kennecott Keystone Tiry Kinney G R.. Kresge (S8). Lee T & Rubb Lehigh Valley. . Lima Locome. . . Couls & Nash. .. McCrory Stor pf Mclntyre Por... Mack Truck: Magma Copper. Mallinson & Co. Manhatn El guar Manhattan Elev Manhat Shirt Maracatbo Oil.". Market St Ry, .. Market St prior. Marland Of]. . Marlin-Rockwl. Martin-Parry. . Mathison Alkill. Maxwell (A)... Maxwell (B) May Dp Storas. . Mot Edison pf.. Mex Seaboard Mex Seabd ctrs. Miami Copper. * | Midale St O Midvale Steel Minn & St I. s Minn StP & SSM. Mo Kan & Tex. . Mo K & Tex pf.. Mo Pacific. . Mo Pacific pf. Montana Power. Mont Power pf. Montg'y Ward. . Moon Motors Mother Lo Munsingwear. Nash Motors. ... Nash Yotors pf. Natl Nat Cloak & S pl Natl Enamel. Natl Lead. . Nat Supply..... Nevada Copper. N Or Tex & Mex. NY Air Brake. . NY Air Brk (A). NY Canners. ... NY Central. ... N Y C-Readg rts. NYChl&S8tL NY Chi & StL pf. NYNH&Hartfd. NY O & Westrn. Norf & Western. North Amer. North Am pf. North Pacific. Nunnally Co Oklahoma Prod Onyx Hoslery. .. Orpheum Circuit. Otis-Elevator. .. Otis Steel.. 5 Otis Steel pf. Owens Bottle... Pac Gas & Elec. Pacific Mail..... Pacific O1l. Packard Motol Packard Mot pf. Pan-Am Pete. .. Pan-Am P (B).. Panhandle pt. Parrish & Bing. 14 | Penna Coal &C.. Penneylvania Penn Seabd Stl. . People's Gas Peoria & East. Pere Mgrquette. Phila Co pf. Pressed 8t C pf. Produc & Ref. Prod & Ref pt Pro & Ref ctfs.. Pub Service..... % | Pub Serv 8% pf. Ray Con covn-: Reading. Replogle S RepIr & Steel. . Rep Ir & St1pf.. Reynolds Spr... Rey Tobac (B).. Royal Dutch.... St Joseph Lead.. St L&San Fran.. St L&San Fr pf. St L Southwn... Schulte Stores. .. Seaboard Air L. Seabd ALDL.... Sears Roebuck. . Seneca Copper. Skelly Oll. Slo: e So Porto Sugar. South Pacific. Southern Rwy.. Southern Ry Pf. Spicer Mfg Co... StandOflof NJ stoflot NJpt. Sterling Prod... Stew’d-Warner. Strombg cub. . Studebaker. Taenn COPDer. ... Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & O1l. 'l'llu'd AVInII ‘Tide Tobaceo Prod. .. Tobacco Prod A. Trans Cont Oll. . TwinC R Tran.. Open. El;n 12 Low. Close, % 293 293 14 14 b9% 60% NEW YORK STOCK EXCHANGE BOND PRICES STEADY. IN TRADING TODAY All U. S Tsmues Firm Because of Possible Reductions in Surtaxes. . FOREIGN GROUP TUNEVEN St. Pauls Again Advance, as Do Sugar Obligations. BY GEORGE T. HUGHES, 8pecial Dispatch to The Star. NEW YORK, December 31.—Bond prices were steady in today’s trading, but there were no signs of accumula- tion to meet the expected reinvest- ment demand next month. Except tor sales for cash all transactions to- day count on next year's statement, 80 that the matter of selling to es- tablish losses for income tax pur- poses was no longer a factor. In the high-grade list all the United States government logns were firm, lmludln’ even the tax-exempt 3% which hdd been soft last week, prob- ably in anticipation of a reduction by Congresssin the surtaxes on the high incomes. In the rails and in- dustrials of this grade it is difficult to discern any real trend, no weakness anywhere, however, and in the case of a few favored issues, such as Atchison General 4s, there were fractional advgnces. Probably this section of the market is sensi- tive o foreign buying more than anything else just now, and that kind of buying generally concentrates on one or two particular bonds. Railrond Bonds Higher. Speculative rails were aotive and most of the changes were upward, the 1 issues agaln being the most splcuous. That road’s short-term 4 per cent Issue of 1925 ran up above 68 again, while the long-term refund- ing 4l:9 sold above 51. In general 4t may be said, however, that rellef from tax selling appeared to have little effect on the Paul bonds. Erie oblications held their own with the prior lien 4s, the best secured of the active issues, In the greatest de- mand. Denver and Rio Grande re- funding 5s old in heavy volume at 40. up 2 points, with some subsequent reaction. Among the tractions, Manhattan Railway 4s recovered a part of their recent loss and United Railways of St. Louis 4s continued their advance. Most of the Interborough issues did better and Brooklyn Manhattan Tran- sit 6s were strong around Sugar Issues Active. Cuba Cane Sugar convertible 7s and stamped 8s were the most in favor among ‘the sugar issues. These two bonds differ now only In coupon rate, the security being exactly the same, fnasmuch &s the bank loans to which the 8s were originally subordinated have been paid. At today's prices the yield on the 85 is about 5.6 per ceni; while the 7s return nearly 9 per cent. Special strength _appeared in United States Rubber 7l¢s, which ran up to 105. These are non-callable notes matur- ing in_August, 1930, and returning about 6 per cent at the market. Forelgn {ssues were irregular, most of the French bonds going slightly lower. United Kingdom 5%s of 1937 were active around par and below. COTTON SELLS OFF IN QUIET MARKET Aggressive. Support Lacking as Year Closes—Values Prove Sensitive. SEi iy By the Associated Press. NEW YORK, December 31.—There was a renewal of realizing or liquida- tion in the cotton market today and after opening steady at a decline of 2 to 12 points, the active months sold about 25 to 35 points net lower, with March declining to 35.05. About twenty-three January notices were reported and January was relatively easy. General b was com- paratively qulet he market seemed sensitive to selling orders owing to an absence of any aggres- sive support. No special news fea- ture was mentioned in explanation of the decline, which most brokers at- u;nmzea to further pre-holiday liquida- tion. New Orleans Market Weak. NEW ORLEANS, December 31. After advances of 4 to 8 points on the near months during the opening % [call today the cotton market fell off % 38 108% 103 108%. % 64 6l .« 1 Tlmken Bflfll‘ 13% 14% 86% 86% 5 6% gn ‘ hl(her than the domestioc marts. ‘Wisconain Ceat. 37% | Woolworth: under end of the year liguidation of the long Interest and in the first half hour lost 27 to 40 points on the list. h rose to 35.46 cents a pound and then fell to 35.00. October traded down to 28.13. /Selling was scattered rather than concentrated, but was met by only a small demand. Noon Bids on Cotton. NEW YO'RK. December 31.—Cotton futures, 5 Bids steady; March, :5 zl May, 55.39: July, $4.44; October, 2! NEW om..mu\s. December 31.—Cot- ton futures, noon bids steady; Janu- ary, 35.16 asked; March, 35.41; May, 36.20; July, 34.43; October, 28.30, _— WOOL TRADING DULL. Special Dispatch to The Star. BOSTCN, December 31.—The vear closed on the ool market here with trading dull but with unchanged prices, about on a parity with the hval which obtalned a year ago. markets, however, were The trade is looking forward to the new year with confidence. Manufacturers &re operating at 76 to 80 per cent of capacity, according to the latest report issued todAy at Boston were pou week, against lhlpmcn!l of 1,748, 000 M 0% 9% 38K 10% 3B% 16% 16 4% 9% 17% =388 o L LEH LR PR R {llys-Overld. I'nnn-Oufl pL P 5‘5==§§E:x§§ s} sggeles of 28 | Goodyear 88 1341 % | Tide Wat Oll 6%4s sf 2 §='=_s§;=“5:=z§= EW YORK. “Recetved by Privats Wire UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 93 8-32.) Lib 4th ‘!‘l . 616 US4%s1962. 4 99-10 FOREIGN. Bales. High. Belgium 6 Belgium 8; Canada 58 Chile 88 19: Chile 8s 192 Chile 851941. Chile 75 1943, Chlnuo duv Ry bs. There was | Du Mexico 53 large. Montevideo 7s. woSrlontnese Orlent Dev deb . Paris-Ly's-Med 6s. 24 Prague T%s. Queensland 6s. ... Rio de Jan 88 1946. 4 Rio de Jan 85 1947. n Rio Gr Do Sul & Sao Paulo City 8s.. Sao Paulo State ua Klnl’m 5%s Ud Kingm 6%s'37. 36 Zurich 8s. 4 111% 111 1SCELLANEOUS. Ajax Rubber 8s... Am Agr Chem 738 Am Chain s £ 63'33. Am Cotton Ol 55 Am SmlIt&R 1st 5 Am SmIt&R 6s. Am Sug ref 6s AmT& Tev 6s. 7 118% 118% 'l 98 9% 92 92% 9814 98 AmT& Tcltr4s Am T & T deb 5%s. 59 Anaconda cv db 9 Anaconda 1st 6s Armour & Co 4 Armour of Del 53%s 10 Asso Oll §s rets Barnsdails f s Beth Steel s 65 Brier B St 1st 534s. 934 Bklyn Edison 7s D. 2 108% losu lusu Bklyn Ed gen 5 Bush T Bldg 5860, 3 929. 9" bz Calif Pete 6%swi. 5 95 94% 95 Central Leather 6s. 10 94% 94% 94% Chile Copper 6s.... 4 99 98% 99 CinG&Bb%s'62. 13 98k 97% Commonwth P6s.. 6 87% 87 Con Coal Md 1t 5s. 6 87% 87 CubaCanecvd8s. 17 97% 97% Cuba Cane cv 7s'30 29 291% 90% Dery (D G) 7s 273 13 Det Edison ref 6s.. 7 104% 104 Donner Steel 7s. 1 86% 86% Du Pontde N % 5 107% 107% Duquesne Light 6s 5 104 108% Est Cuba Sug 7%s. 40 106% 106 Empire GEF 733s. 6 90% 90% Fisk Rubber 8s.... 4 103 . 102% Soodrich 6% s 2 98 974 Goodyear 851931.. 8 101% 100% 6 11434 1141 Hershey 65 1942... 8 101% 101% Humble O%R 5%s. 3 98 96 (ilinois Bell 1st 5s. 39 944 94 Indiana Steel 5s... 30 100% 100% Int Mer Marine 13 80 794 IntPaperistGsA. 4 83% 83 Int Paperist5sB. 2 884 83 KCP&LtGsAG2. 5 89% 89% Kayser (J) 7s 1 104% 104% Kelly-Spring 8s. 101% Lackawa 8 5850 Liggett & Myrs Magma Cop ev 7. Marland O1l 7% Marland Ofl 8s Mexican Petrol 8; Midvale Steel 5s. . 85 Montana Power 58 6 95% 95% Morris&Co 1st 4%s Nat Tube 1st 5s.... 101% | um, 83 93 3 Otis Steel 83 < 3 98% 98% 98y Pacific Gas & Bl 5-15 911 901 90% PacificT& T 68 90% (3 Plerce-Arrow Pierce Oil ded Sin Pipe Line South Bell Tel So Por Rico Sug 7s. Steel & Tube 7s. ... Tenn Elec Pow 6s. 2 94 94% 94 4101 100% 101 2 103% 103% 103% 3 94 93% 93% 1 102% 1023%102% Toledo Edn 18t 7s.. 5 106% 105% 105% UnionBag& P6s.. 4 96% 96% 064 UnitDrugov 8s... 6 111% 111 -111% 6 85 84w 84% 1043% 105 102% 103 87% 88 Bow 84 26 72% 72 2% 8 1024 102 102% 10 106% 106% 106% 2 10! 108% 108% 8 74 3 3 Wilson &Colst6s. 2 96% 96% 96% Wilson&Ccvi%ks. 1 97K 9% 9% Youngstn S&T6s. 42 95 941 94% g L He Asked Too Much. From the New York Sun. Jones was a lawyer who was not red about the ethics f the cases v vorx BONDS socx sxcamos { Direct to The Star oflu. RAILROADS. ‘Bales. High Atchison gen Atchison adj 4s 1 Atlantic CL 1st 4s. 2 o Buft R&PIitt 4%s Canadlan North 7s. 9 C . 15 Car Clinch & O 6s.. Cent of Ga 6s. uhi B&Q gn 4s '58. Chi B&Q 18t rf 5s. . Chi& EIllgnbs... 6 Chi Great West 4 Chi GrWest 4s (n) 1 CM& PugetSd 4s. 4 Chi M&StPref 4%s 14 Chi M&St P cv 6s.. 29 Chi M&St P 48°26. . 54 Chi M&S P cv 4%8. Chi M&St P 48 '34 ChiRI& Pacreds 25 Chi T H & 8E bs. Chi & W Ind cn 4s. CCC&St Lrf 65 A Cleve Term 5% Colo & Sou %= Cuba RR §s... Del & Hd 1st rf 4s. Den & Rio G en 4s. D& R G st rt 5 Erfe 18t con 4s. Erie gen 43 Brie conv4s A. Erfe conv 4s B. Erie conv 48 D Gr Trunk af db 6x. Grand Trunk Ts Gr North gen 7s Gr North gen 5% 5. Hud & Nanrtl bs. Hud & Man aj 5s. . 11l Central 5% Int Rap Tran Int Rap Tr 58 stpe Int Rap Tran 6s Int Rap Tran 7s Int & G Nor aj 6 Int & G Nor 1st 6s. Iowa Centrf 4s.. Kan City Bt S 4s. 2% 1% 100% 100% 103 103 80% 811 83% 66% 81 81% B 6714 40% 61% 54y Lake Shore 43 31 Lehigh Valley 6s Louls & N 55 2003. . Manhat Ry cn 4s. . Market St cn 58 MIlElRy & L 6s. 92% 10"'1 1024 974 971 Mo Pacific 58 "65. Mo Pacific gn 4s. .. Montrl Tm 1st 5s. . New Or Term 4s NOTex & Min 5s. NY Cent gen 3%s. N Y Cendeb6s.... NYCendebis.... NYCentriss N Y Centcn 4s '98. New Haven cd 6s. New Haven d 4s New Haven 7s. N Y Ry rf 4s ctfs. N Y Rys adj bs ct. N Y State Ry 43%s, NY W & Bos 4%, Norfolk & W cn 4; Norfolk & W cv és. Northern Pac 3s Northern Pac 4s. Northn Pacr 1 6 Northern Pac 58 D, O Short Lcn 58 '46. Ore Short Liref 4s. Ore-Wash 1st rf 45 885, 951 81% 58% 3414 0% 327 | Pennsyl gen 5s.. Pennsyl gen 4%s. Pennsyl 6%s. ... | Pennsyl gold Peunnsyl con 4%s Fere Marq 1st 5s. . Pere Mrq 1st 45 '567 7 | Reading gen 4s 7% | Rio G West cl 43. 5918 | RIATK & L4l%s. &S14s'29. 1 % | i - andndBannan P! inc 68 @ F F Fs5 Fa F 4 1 "’PPPW&" 2wmmm713 StL S W con 4s St P Un Dep 53%s. P 4; Sou Pacific 45 1929. Sou Pacfio ref 4s. . 86% H Southern Ry 1st 53 % 95u Southern Ry gn 4s. 69 Southern Ry 6%s Southern Ry 6s ct. Third Ave ref 4s. 9214 Union Paccv 4s. Unios Pac ev 6s Union sac 1st rf vlrglnh Ry 1st b tern Md 4s. Wunarn Pacific 5! ‘West Shore 1st 4s Wheel & LE cn 4 60 Wisconsin Cent 4; 76% TOTAL SALES (Mar Value): 1la.m.. 2279000 13noon 8924000 lpm. 5293000 2pm.. 66140008 FIRST FLORIDA CELERY. Shipments Reach New York, ' Where Demand Is Limited. Special Dispatch to The Star. NEW YORK, December 31.—Flor- ida’s first carload of celery on the New York market arrived today. The stock was generally of ordinary qual- ity and met rather limited demand with prices ranging from 3275 to $3.00 per crate containing from three to five dozen stalks, while eight doz- en stalks brought from $2.00 to $2.25 per crate. . The market for stale celery, . particularly stock of- fancy quality in good condition, was con- siderably stronger, due to the more active demand and light fresh arrivals RAIL RECORDS SMASHED. ST. PAUL, December 31 (Special). —The volume of business transacted in the Twin citles this year is indi- 2 102!6 10"% 3 100 99% 9233 58 9% 8% comparatively | creamery, i 20a32; 110.00a10.50; no early sales sheep or FINANCIAL, Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Turkeys for the New Year dinner were in demand today. Saturday's turkey market was not so brisk, and prices dropped considerably. Thig morning prices were the same as those of Saturday, 40 cents for cholcest stock. A 40-cent wliolesale market should make nothing over a 50-cent price in the retail market, dealers suggested. There were abundant supplies of chickens, ducks and keats in mar- | ket this morning. with no change in | prices since Saturday. | Eggs—Strictly_fresn dled, per dozen, 45a46; 43; storage, 28. Live poultey—Roosters, per 1h, 16; turkeys, per ib., 32a33; spring chick- ens, per Ib., 2a37; keats, young, each, 60a70; fowls, per Ib., 24a25. | Dressed poultry—¥resh killed spring | chickens, per -1b.,, 30a32; roasters, per 1b.. ' 27a28; hens, per 1Ib., turkeys, per Ib., 35240; Keats. each, 80a85; roosters, per 1b, 2! .Game—Rabbits, e 1, per dozen, 3.00a3.60; No. 2, 1.25a1.50, Live alock—culvel, choice, per 1b, 12; medium, per 1b., 11: thin, per Ib. 8a10. Lambs, spring, per Ib., 13. Liv p‘:/gs. 3.00a5.00 each; live hogs, per b, elected, can- 27a28; young, Green fruits—Apples, per basket, §0a2.00; per barrel, 2.00a6.00. Cali- fornia ‘oranges, pef crate, 6.00a7.00; Florida, 2.50a4.00. Lemons, per_ bOX, 8.50a4.50. ~ Grapefruit, 2.50: Tan- berries, 5.00a5.50 per one-half barrel. | urapes, Callfornia Emperos, 1.50a2.50. Vegelables—Potatoes, near P bag. No. 2, per 4.508 potatoes, D bl. Southern = lettuce, per crate, 1.00a2.00; nearby, 50a1.00° Iceberg, 3.50a4.00. Cabbage. northern. 1.50a2.00 per 100 Ibs.; nearby, 1.50 bbl. Tanatoes, Florida, 'ans, southern, per basket, J’P;d.‘i. per basket, celery, per crate, 5. rough, New York, ZJQBi 00 California, quash, 2.50a3.00. Peppers, per chcumbors, per bushel ts, 100-1b. sa sprouts, 15a25. Soutss Sweets bushel, 75 350, Beets, 100, and kale, bushel sprouts, quart, 0-pound e Pk o, , bushel, 2 Onions, plants, 160 pounds, 100, e Ton bushel, 2,50 “Farnips, barrel, loose 2.00a4.50; pounds, Apples, bushel, 1.00a1 berrie: packed, hal. 100 sdnn. Prices on Grain. }¥ 2 red winter, spot. red winter, spot, no mmaun No. 2 red winter, garlicky, spot, domestic, 1.08% ; export, no quo- tation: No. 3 red winter, garlicky, spot, no quotation; No. 4 red wint i spot, no 'quotation. —Bag lots of nearby, at 1.05. o 3.80a3.85 for yel- barrel " for 84%: No. 3 vellow, per _corn. spot, : track corn, white; corn, white, No. 3, white, new, :v.&.a:."a R v,” 75a85; No. 2 Receipts, 137 tons. The tone of the local hay market is firm, with light offerings of the better grades of timothy, lig a 1 clover, for which description there is a fairly good demand at market quotations. No. 1 timothy, mixed. 4.002.25.00. No. 1 straight rye, 24.00a per ton; No. 1 tangled r 00a16.00; No. 1 wheat, 13.00a14.00; No. 1 oats. 14.00a15.00. A reduction of 40 cents per barrel on all city milled grades of flour was | announced this morning. DAIRY PRODUCTS. BALTIMOR! Md., December (Special). —1I poultry—Turkey 1b., 25a40; young chickens, 26a27; horns, 20a24; old hens, 20 horns, 20a22; old roosters, 16; ducks, 20a27; geese, 22a28; pigeons, pair, Z5a 30: guinea fowl, each, 35a6 Dressed poultry—Turke: 42; chickens, 25a' 17; ducks, 25a30; geose, 2 Eggs—Loss off. native and nearby firsts, doz.; 42; southern, 40. Butter—Cre: good 1h., 5 ve to faney store 28a32; process butter, CHICAGO LIVE STOCK MARKET. SHICAGO, December 31 tates Department of Agriculture).— Hogs—Receipts. 70,000 head; 1y steady; desirable medium welght butchers, 7. 190 to 210 pound to 175 pound averages, packing sows, strongweight ' p 326.25; packers bidding slightly lower. Cattle—Receipt erally active to '25 matured steers, 10.65; several loads, 10.00a10.50; Dbest yearlings, 11.00 packers paying upward to 12.50; hip pers selecting upward to 13.50; stock. ers and feeders comparatively scarce Sheep—Recelpts, 19,000 head; active nd steady; fat wooled lambs, 12 5; few upward to 13.40; clipped lambs, 11.00; cull prints, big higher; top 2.75a recently natives, feeding lambs. TODAY'S CHICAGO PRIC CHICAGO, December, 31 were readily absorbed ‘and prices ad- vanced in the wheat mark. during the early dealin: Demand appeared to be based more or less on predictlons in various quarte that all grain values would tend up- ward after the first of the year. It was contended thar dapres tors had been discounted ia fuli. opening, which varled from uhchanged figures to % higher, with AMas % to 108 aha Juiy 1063 tn 106 Wanbrotlowed. by moderats: gains 4 arcund. Hough weavher gave s:ran% a to prices of corn and oats. Traders short of December corn were cvening up their trades and May corn v mand from cash hoy ing unchanged to % 743 to T4%, corn reacted some from Initial top figures. Oats_started a shade to % higher, and later continued firm. s wore 8 calv in lice with cated by the fact that the Minne- Sota transfer, raflway interchange yard for northwest raliroads, handled approximately ,000,000 tons of freight, which surpasses all previous M o he brought into court were a bit shady In fact, his enemion 414’ not hesitate to brand him “shyster” and the courts in whioh Jcnau practiced ‘were thoroughly disgusted with hi: practices. In one case in which he was defending & man with a notori- ous criminal record he made an im- pn-lanul plea before the judge, con- CI“AH all I want lo!' In{ client, your honor, is justice. Plain, simple Mmzmw ek ndy hil f e Yy mwtnd’:u raihed har. records. - RUBBER PRICES HIGHER. BOSTON, December 31 (Special). Owing to Tising cotton yarn pricos the United States Rubber Company will advance all mechanical rubber goods into which cotton, duck or yarn enter, including hose, belting and ar goods, 10 per cent Jan- uary 1 S SR RATES ON BAR SILVER. aliver, 643 ; dverage receipts, v & | position (United | desirable | 16,000 head; gen- | IRALEIGH COMPANY TAKES NEW NAME Incorporates Under District Laws in Place of Virginia Regulations. TWO0 LOCAL BANKS UNITE Continental Trust Buys Assets of Guaranty Savings. umbla Hotel Comy 1 a corporation, today the Raleigh Hotel Company District of Col paper corporation {courthouse {time, ofic corpors usly voted to reduce the 31,000 per sh tion of $ to sued proportl The Colun organized 1 there were bid” with non Continental Takes O The Conti Trust C purchased t ets of that Savir w0oks of action 1 approval of the of the curren y Savings April, 162 $300.000. oller doors in sets of home of the be sbld, it of the institution has cided. nc Predict Normal Business. In_ the opinion of Walter W. Hea president of the American Bank Assbeiation, restora; of a normal foreign market is t problem ¢ 1924 and on its acco pends the measure perity t may come to vear, The history of 19! expressed it is true t broad is but 'S total product reign trade t restor. her tide Coal Demand Declines. A marked la tuminous coal y part of replacement tured dry good during November cent month than: dur | The New Yor authorized Commerce Local Banks to’ Close. Tomorrow being New Year al markets of the co: stand s s institutions in the ¢ Quiet Local The Washington closed the current ¢ piciously but ingioriou: ng with but Lanst as Rich Wi firm, five shs selling at |EXPORTS OF GRAIN GAIN DURING WEEK Commerce Department Reports 1,868,000 Bushels, Against 1,093,000 One Week Ago. | { Grain exports from the Uniter States last week amounted to 1,86 000 bushels, compared with 1,093,000 the week before. Commerce Department public today gave thq parisons between of last week vious week: Barley, 88,000 by bushels figures mado following com- the grain exports and those of the pre- nst 9,000 against gainst 4,000; wheat, [5 exported fron es ports amounted to 3. 1 164,000 bushels againat 5,460,000 bushels the previous week. No ex- ports of flour were noted e {ROAD ON AUCTION BLOCK. Western Line Must J-ing Least $100,000. LARAMIE, Wro., der a- decree the federal c proceedings instituted by the Equit: Trust Company of New York and man Rhoades, trustees, all the property of the Colorado, Wyoming and I railway will be sold here Monday, ¥ ruary 4, 1924. No bid for less than $100,000 each on at December 31.—1 be considered, it The Colorado, Wy and Hastern rung from Laramie to Coalmont, Colo. gixty-elght miles in Wyoming and forty- four ‘miles in Colorado. The sale wis ordered in consequence of mortg foreclosures. LEAD PRICES RAISE. NEW VIRGINIA RECORDS. RICHMOND, Va, December 31.— Disbursements and receipts of '&e it S‘. 562,012.58. NEW YORK, December 31—The ‘American Smelting and Refining Com- pany today advanced the price of lead from 7.40 to 7.50 cents per pound. —_— LIV! POULTRY HIGHER., December 31— Poultr -.dy to higher 1 Sorimes, ‘ 3 30% ; roosters, 13; ducks, EHH goese, 17; turkeys, 24.