Evening Star Newspaper, January 5, 1924, Page 10

FINEANCIAL. aTOCKS G0 HIGHER « IN SHORT SESSION tors on Long Side Make [Air Reduction.. rked Progress in Pushing Up Prices. JUMPS FROM 2 TO 5 POINTS By the Assoclated Press, NEW YORK, January 5.—Stock arices resumed their upward move- ment in today's brief session of the stock market, Trutlln: was on a fairly large scale despite the In- terruption of wire trafic between New York and western points. . Noting cessation of the recent profit tak- ing, operators on the long side were #ble to make marked progress In various sections of the list, particu- arly in the oll, chemical and rail sroups. Ajax Rubber. ... Allled Chem. Allis Chalmers. . Am Agr Chem... Am Ag Chm pt.. Am Beet Sugar. Am Bosch. :m Brake Shoe. Cil, Chemical and Rail Groups Are Strongest. AmH& u- P Am Ice Am Int Am Lin, Am Linseed pf, Am Locomotive. Am Radlator. ‘Am Roll Millpf. Am Ship & Com. Am Smelting Am Smelt pf. Am Steel F4; American Car jumped 6% points, -~ General Asphalt preferred, Pan-Amer- ican B, Producers and Refiners, Colo- ado Southern, Great Northern prefer- ed, Davison Chemical, Stromberg ureter and Hagna Copper advanced 2 o0 21 points. The closing was strong. Sales ap- opriated 550,000 shares. STOCKS CLOSE STRONG. Vide Range in Trading During Two-Hour Session. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, January 5—The up- vard movement continued in today's wo-hour market with an increasing jumber of stocks taking part in it. iteel commeon, which had hung be- iind Friday, got across 99. The rub- ser and tire shares came in for at- tantlon. U S. Rubber common get- ting above 39, Goodyear preferred oove 41, and other members of the .roup up correspondingly. Stocks of companies making motor parts were very much in demand nder the lead of Hayes Wheel, sch Magneto and Stewart Warner. he opening of the New York Auto- nobile Show undoubtedly had a sen- imental Influence upon the speculas jon in the quarters as well as on ‘he motor shares themselves. Stude- »aker, Chandler and others of the group which had done nothing y. finally swung into line. Special Stocks Advance. Operations for the rise continued vigorously in stocks which had been in the lead on the preceding day. romjnent among these were mercan- ile marine preferred, Savage Arms, srooklyn-Manhattan Transit prefer- red, Dupont, Congoleum, and U. Cast Tron Pipe. Oil shares were once more in favor, a1though there was nothing fresh in fhe trade sitiation. The leaders in this (uarter were General Asphalt and Pro- Aducers and Refiners. Public utilities continued strong with _stoc Consolidated Gas, Brooklyn Edison, Columbia Gas and Fhiladelphia Company selling at their best prices for the present. Souihern Rallway Above 40. The feature among the ralls was the rise in Southern railway on very large transactions across 40. The facts sup- porting this advance have too often been pointed out to require repetition. Stocks of other southern roads were also active and strong, especially At- lantic Coast Line and Seaboard Air Line preferred. Great Northern pre- ferred felt the effect of repurchases by people who a month or more ago were taking tax losses. Allied Chemical continued active and strong today, apparently undér the influence of its improved trade position, and also the recent court decision against the government in the patents controversy. Further- more, it is understood that the com- pany's balance sheet for 1923 will make an impressive showing. Work- ing capital is said to have {ncreased substantially in the past twelve months, The company has, In fact, been & lender of money. Sugar Outlook Pustling. It is naturally enough at this sea- ®on there should be a wide difference of opinion_regarding the sugar crop outlook. The grinding season has just_begun, and early offerings are coming to market. The prices of raw #nd refined sugar lately have reflect- ed the uncertainty as to the price level. More centrals are grinding in Cuba than at this time In 1923, and there is no fear of a sugar shortage. However, it {8 too early to foretell the results of the current crop year, and the feeling generally in the trade is that the price level in 1924 will be! at least as high as the 1923 average. CONSUMPTION LETS UP IN BUTTER MARKET | Eoonomy After Holidays Cause of Dullness—1923 Produc- tion Record. By the Associated Press. CHICAGO, January 5.—An after- holiday tendency on the part of the housewife to economise was consid- ered responsible for the falling oft % butter consumption during the wesk. Buyers found their require- ments for fresh butter just about equal to the avallable suppiies, and at Bonon and Chicago competition for the limited supplies of fancy butter forced slight advances. Lighter production was due to the effect of the holidays rather than any mctual break in normal increase in the milk flow. - Withdrawals from storage of nearly half a million Pounds in excess of the corresponding Week of last year were taken to indi- cate a healthy storage situation. Consumption during 1923 was con- siderably above 1923, ucoordhf reports. Receipts at the four princi- pal markets were approximately 19,- 000,000 pounds larger than for the previous year. Imports at New York Fere about 18,000,000 heavier. Trad. ing stocks and cold torage oldings ‘were about the same for both years. nge and closing wholesale prices, 92-8core butter, were as follows: Chicago, 1; higher, at 54l: New k, % lower, at S1%; on, Philadelphia, H un- 55. e TREASURY CERTIFICATES. (Quotattons furnished by Redmond & Co.) ——Cl s March 13, 1024, » March 15, uve 15, 1924. September 15, Mareh 16, 1925 15, 1925, 18, AmW W 6% pf. Am Wholesl pf.. Am Woolen. Am Woolen pf, Am Writ Pr pt Am W Pr pf(ctfs) Am Zinc & Lead Anacona Art Met Constn. Atchison Atchison Bayuk Bros, { Beechnut Pack. Beth Steel. Booth Fish Bkliyn Edison. .. Brklyn-Man Tr. Brkin-Man T pf. Bkiyn Un Gas. .. | Burna Bros (A). i Butte Copper. .. Butte & Super... Caddo Ofl....... Calif Pack. Callahan Zinc. Canadian Pac... Central Leatn. Cent Leath pf. Cerro de Pasco. Certain-Teed. .. Chandler Mot. Chesap & Ohlo. Ches & Ohio pf. Chi & Alton.,. 1 Chi & Alton pt. Chi & East 111 ChiMil & St P.. Chi Mil &St P pt Chi & Norttwn.. Chi Pneu Tool. Chi R I & Pac... |ChiR 1&P 7%pf. {ChiStP M &O. Chile Copp: . Chino Copper.. Cluett&Pby pf.. Coca-Cola. | Colo Fuel... Colo & South Columbla Gas. Columbn Carbon Com Solv (B)... Corn Product: Corn Prod pf.... Cosden & Co. Crucible Steel. Cuban-Am Sug. Cuba Cane Sug. Cuba Cane S pf. Cuban Dom'can. Cuban Dom pf. Cuyamel Fruit.. Davison Chem. Del & Hudso: D Lack & West. Dome Mines. Douglas Corpn Dugont (B I) Dupont deb. ... Eastman Kodak. BatonAxle &Sp. | Elec Stor Bat.... Eme Endicott-John | Brie Erie 18t Df. . Erie 24 pt. Gen A t. Gen Asphal Gen CIN Gen Cigar di Gen Electric. Gen Motors. Gen Motors p! | Gen Mot 6% deb. { Gen Retractories. Gimbei Bros. Goldwin Corp. i Goodrich. . i Goodyear pf. | Gt Northern pf. In Ag Chemical. Int Agr Corp (1) In Ag Chem pf.. Kelly 8pi Kelly-Spr 6% pt Kelly-Spr 8% pt Open. mn. Low. 67% IN 78 Cluett Peabody. = Can.. Continental Mot i ’.I'HE EVEN'ING 62 624 6% o 8 o 1o 8974 bo 8" sy 67 7% 2 1185 118% Mallinson & Co.. b Manati Sugar. .. Manhatn Et guar Manhattan ey Martin-Parry.. Maxwell (A). Maxwell (B). Mex Seaboard. Mex Seabd ctfs. Mo Pacific p Montg'y Ward. Moon Motors. Nash Motors. 74 | Nat Blscuit utl DeptStores 100% | vatt Enam NOrTex & Mex. N ¥ Atr Brak N Y Contral. ... N ¥ C-Readg rts. NYNH&Harted. Norfolk South. . 1 (NY O & Westrn, Norf & Western. North Amer. North Am pf. North Pacific Ohlo Bdy & Blw. Oklahoma Prod. Ontario Bilver. . 5 | Orpheum Circuit. Owena Bottle. Pac Gas & Elec.. Pacifc Ofl...... Packard Motor. Pan-Am Pete. i Pan-Am P (B] Parrish & Bing. Pennsylvania. .. Penn Seabd Stl.. People's Gas. Punta Alegre.. Pure Ofl.. Ray Con Copper Reynolds Spr... Rey Tobac (B).. Royal Dutch. ... St Joseph Lead. St L&San Fran 8t L&San Fr pf. Seaboard Alr Seabd A L pf. Sears Roebuck. Seneca Copper. . Shell Tr & Tran, Shell Unfon..... Shell Union pf.. Sloss-Sheffleld. . So Porto Sugar. % | South Pacifio. .. 47% ! southern Rwy. . 728| southern Ry pt. 2 |sweetsCoof .. Tenn Copper. Timken Bearing Tobacco ee Tobacco Prod A. ‘Tobacco Pro.pf. " | Trans Cont Ofl.. Underwood. Unilon Pacifio... ‘abash pf (A) 103% | Web & Helibra. West Bl Wheeling&L B.. Wheel & LE pt 26% | White Eag Ofl.. Whi H UL ] 3i¥§ Eii nn momsm BALTIMORE, January 6 (8pecial). —Total deposits in Mftesn nnmy reporting. mutual savi; eclined 89 26% i | this season of the year. n the fifteen banks amo: 5% | B 135,804 13 1At the cio r'lu."l““ 324 | November. 30, cormpared with m,. 75 |871,823 on November 30, 1923; $131.. 85 |701,287 in 1921, and HiaLE7308 i 99 | November, 1820. The total 4% v-b-lll&-hmuhmu:; s .t u.: per cent over “m«. STAR WASHINGTON BONDS ARE STRONG AT HIGHER LEVELS . H) oA uv. u» Traction Issues Again Advance on L85 11 D6, 116% 1160 u:u Earnings Reports—Sugar Is- sues Sell Higher. FQREIGN GROUP REACTS $15,000,000 Lehigh Valley Offer- ing Due Next Week. BY GEORGE T. HUGHES.. Speelal Dispatch to The Star. NEW YORK, January 5.—The bond market continued today ithe show of strength initiated yesterday. High- grade investment securities were firm and there were substantial ad- vances in the speculative issues. The feature was the heavy deal- ings In Market Street Railway first 58 and the same company’'s 6 per cent notes both selling within a point or less of paf. This activity was in response to the announcement that $13,000,000 in refunding bonds will be offered next week to take up the $4.000,000 of 6s and the $9,000,000 of 5s, the former maturing in April and the latter in September. Both issues have been strong all waoek, during that time the &s having &alned more than 4 points and the 63 about 234, There never was any reason in earn- Ings.for the oxtreme low at which these bonds sold in October and No- vember. This low for the 5s was ¥ | week, 8814 and for the 6s, 93%. The only doubt was about the conditions of the refunding. which now reems to have been definitely removed. Transit 6s Alse Active. Next in Interest to the active buy- g of the Market Street Railway bonds was the strength in Brooklyn Manhagtan Transit 6s, which made a new high also on large sales. On the k t! e bonds advanced between 3% and 3 polnts, reflecting contin- ued good earnings. -Just now, in fact, these bonds are the speculative fa- vorites among all the tractions. In contrast Interborough have been dull and heavy. Third avenue adjustments, on the other hand, are up over two points on the week notwithstanding the fact that the last statement was not quite so favorable. In bonds of a higher grade there has been good buving of Hudson and Manhattan Refunding 5 which at the market yield over € per cent, and are amply protected issues 3% | by_earnings. In the speculative rails the New York, West Chester and Boston s up more than four points on the held their gains today, while there was a better market for other New Haven' obligations notably the debenlm:& 6. s-San_Francisco bonds are also all up on the week from the in- vestment issues, the prior lien 4s, 68 and 65, to the speculative adjust- ments and income 6s. The compara- tive neglect of these bonds for so long {s hard to explain. Eries were firm today, but with change. . Cubam Cane Sugars Gi Among industrials, Cuba Cane Sugar 8s and Convertible 7s sold at their recent highs. The week's advance is greatest In the 7s, which have been selling out of line, there being no difficulty in security in the two is sues! International Mercantile ln rine 6s held above 80, in sympat Wis is7strenuit I iihs. pre orrod ln xh. high-grade list the feature asain today was the strength in the new rican Telephone and Tele- mph debenture 838 above the issue ln foreltl\ bonds t.h.o French gov- ernment obligations reacted frac- tionally under last night's high, but wers still surprisingly firm. Ater oOf fost po tha wook thess bonds are practially unchanged. Next week |- expected to ses & large increase in the volume of new financing, including $15.000.000 in Le- high Vailey bon; TEXTILE OUTLOOK little price FAR FROM BRIGHT :. énfing at Loss, Due to , High Cotton. By the Associated Press. GASTONIA, N. C, January 6. textile outlook is anything els 06% {bright in Gaston county, yarn manu- fabturing center of the Carolinas, according to opinions expressed here by & number of leading mill heads. Some mills, it was stated, are break- ing even, many are operating at losses, while a few which purchased their present cotton lots last summer are making small profits. While hope is held out for a low- ering of cotton prices next spring. the situation for the next six weeks is_regarded critical. Mills_here are running principally to fill past orders. Due to it being inventory and stock-taking.time be- sides the increased prices asked for yarns on account of :Increased cot- ton pflfiel buying is declared practi- call a standstill. Brokers and Varn merchants are unusually slow in making- inquiries, it was reported. \ RAW SILK LOWER. Cotton Goods Trading Very Duli as Week Ends. Special Dispatch to The Star. NEW_YORK, January 5.—Business in the Worth street cotton goods mar- ket was inactive today, but prices were fully maintained, wllh 11 cents quoted for 64 by 60s and 12% for 65 by 72s. Raw silk price: -howed. fg jonal recessions for best No. 1, wl h:h was. quoted at $7.80, and XXA 2 5 Cantons enea cents a pound from Fri- day’s levels. - —_— 'SHORT-TERM SECURITIES. (Quotations furnisbed by Bedmond & Co.) 88 33 | i Some North Carolina Mills Are Op- M 40% 63! ey Xy : '0‘ - “SATURDAY, 7A'N'UARY 5, 1924.. @.Gmm, Produce and W. R, & E. IS ACTIVE (v BON ‘Received by Privaty Wire Direct te The Star Ofica. (Sales ave in §1.000.) UN"’IB STATES BONDS. (Fractis resen i Im -Innnl’gl 32.) - US44%s 1962 mo WID FOREIGN. Bales. High. Low. 102 101% 102 3 86% 86% E56% 4% 1% 90% 9% Jergen UM 6s'47. Lyon Marsellle Mexico b8 Mexico 4s. Montevideo 7s. Sao Paulo City Seine Dept of 71 Swis: Conha 8. Tokio bt Ud Kingm 5%8 '37. 2 Uruguay 8s. : MISCELLANEOUS, mT%s 2 4 1 94% 10 88 5 92% Am Cotton Ol 8s. . Am Smit&R 1st bs. Am Smit&R 6s. Am Sug ret Am T & T deb & %l Am Writ Paper és. Anaconda cv db 7s. ”'/. ::“ 96% 8% 15% 89 Beth Steel pin Beth Steela Brior H St 18t 5% Bklyn Edison 7s D. Bklyn Ed gen bs... Bush T Bldg 55°60. Calif Pete 6% s w i. Central Leather 68 Cerro de Pasaco 8 Chils Copper 65. Commonwth P (T Cuba Cane cvd 8 Cuba Cane cv 7s ‘30 Det Edison ref . Duquesne Light 6s Est Cuba Sug 7%s. Empire GRF 7%: Fisk Rubber §s. Jen Elec deb Es. Goodyear 8s 1931.. 19 - - €050 NI 1060 i e 0100 1 10 4 €1 i 0 00 9214 104% | 104% i 107 91% % 1035 - 101% 28 94k 80% 83% kg et 1 PR 1-3<i ® © 106% 101% 1 ld 104 104 86% 95! - o RPoRlemonnht 110% 104% o Northwst B Te 7s.. Pacific Gas & El 53 Pac Tel & Tel b - HOREMEO® Haomo - 108 91% 91 - 9 90% 100 107 8% 104 0(% "l“ 7Y% % 83% 101 1034 94 102% 1065 pysthy lB luu 884 !6 102% - 109% | <o 1073 8% T6% 96% % 87 3in SipeYine su. So Por Rlco Sug 78. Steel & Tube Ts.... Tenn Elec Pow 6s. Tide Wat Oll $355. Toledo Edn 1t 7s.. \ COTTON SELLS LOWER. Break in Idverpool Market sum : Reaction Here. NBW YORK, January 5.—The cot- :on_market opened easy at & decline »f 20 to’ 38 points owing’ to relatively weak Liverpool cab! There was some covering for over. the week ond, but it was resdily supplied -b; sontioued liquidetion wit Maroh |- selling off to 34.36 and May to 84:56 during the early u-ulu, or 37 to 41 points net lower. -, NEW O Januacy: &kl bresk in the Liverpool rket IM Sympathetic selling of 'otton on ihe 54°t0.87, B R ‘oll to 34.29 cents a auidation, of lone Sontracts Lppeds: ar- e} “(o be the-most. im nut”:::m of offerin The market met litt! upport as it declined. . : —_— “CALL OPTIONS” INVOLVED. W YOBK. Janus: 5.—~<Robert = lfi.trilool brolu‘ was tocal RAILROADS. Bales. Hi % |were about what 98% 98% 8% 87% 112 112% 111% 111% 9% 80 96% 96! 100% 100% 86% 86% 89% 89% 884 88% 56 56 83% 34 97% 9% 112% 29 111% 80% Car Clinch & O Y Centof Ga 100% 86% Chi & E Tl gn 51 ChiGreat Wt fs. 13 C M & Puget Sd 4 3 Chi M &St Pref 4%s 35 Chi M&St P cv Bs.. 3 Chi M&St P Chi & W Ind cn CCC&St Lt 63 Cleve Term bs Cleve Term 5 4 101% 101% 95% 96 103 103 80% 80% 83% 84 9% 9T 67 67% 8944 85 . 62 105 N Del & Hd 1st rf 45 Del & Hudson 5%s. Den & Rio G cn D& R G st rf 5 Det United 4% Erie 1st con 45 B 105 [ 2 PARHRONHA seSaamBoanm 8% 101% 101% 59% 59% 59 59% b6 55% 83% 3l Int Rap Tr 65 stpd. Int Rap Tran 6s... Int Rap Tran 7s KanCity Ft 8 Kanses City 8 Kan City Term Lake Shor. u ‘31 Lebigh Val Louis & Nuh 6% Louis & N bs 2003 Manhat Ry cn 4s.. Market St cn Gs. M EIRy &L Montrl Tm 1st 5 NOTex & Min bs. 88% N Y Centcn 4s°98.. ew Haven c d New Haven 7s. Northn Pacr | Northern Pac Ore & Calif 1st Ore Short Liref Ore-Wash 1st rf 43 Pennsyl gen bi Pennsyl gen 4%s. . Pennsyl Pennsyl gold 7s. Peorfa & E nc 4s.. Pere Marq lstbs.. Reading gen 4s B StL&SFinc6s. StL& SFadj6s. StL&SFplesC StLS W lst 4 St LS W con 4532, St P Un Dep 6%s StP & KCShL 43s. SanA & Arn P ds Seab'd Al ds st Seab'd A 4 Seab'd A L adj bi Seab'd A L con 6 Sou Pacific 451929 Sou Pacfio ref 4s Sou Pacifio olt 4 Southern Ry 1st Southern Ry Southern Ry Southern Ry 6s ct. wBlnanel Grovoabiancnanas 5 e e €11 53 0 01 1 5 i O € O e D00 1 3 0 bk et 8 % 69% 69% 102% 1023% 6% 96% i B4 44% 44 1% 914 821 82% T Union Pac lll rfds Union Paccv 4s..." Union Pac 1st rf 53 Virginia Ry lst 5s. Va Ry & P 1st 5s. Wabash 1st 6s... - Wheel & L E cn 4 Whel &LE rf 43%s Wisconsin Cent 4 e 76% DECLARES RATES FAIR. B. & 0. Official Replies to Chim- of Steel Manufacturers. PITTSBURGH, Pa., January 5.— In replying to the allegation of steel manufacturers of this district that steel 'and fron products were discrinm- nated against in fixing frelght rates 0.5, Lewls of Baltimore, Md., freight traffic.-manager of the Bnltimora and Ohlo railroad, at the hearing_being conducted here by Examiner Willlam Disque, . for the Interstate Com mcno ‘'ommission, cited the compa atively cheap rates on iron ore, coal and lime ¢ as the reason for the under protest. He pointed out that the raw materials used in the manufacture of iron and steel are being hauled at speclal commodity rates and he asserted that it was not ;nm than fair th industry hav- ng 6% the advantage of cheap rates on Taw matorials should shoulder & large pu—mnul- f the burden of keeping he railrosds prosperous, Lower freight rates on stesl and 1d result in lower commodities to the onsumel O‘dln traffic ma; gor of the s and Laughlin Steel rporlr.lon. tmmm ——ee—e FLOUR HIGHER IN PARIS. Bread Prices Expected to Advance at’ Once. A T T th. DEice. o reas, hr;ntfil iros pri the price to one times per kilo, ia fore- seen. I.n the cost of flour, which yes- terday jumped one franc to 127 francs per quintal. At this figure, according to- the schedule of tentatively accepted by the official bread price commission, blk' h.n‘t."A entlltz.d e nm rices of brea: ny inerea Jor, must first be approved by ver, 5, mo prefect representing the govern- | 1150a12.00 ment. Th flour market i soaring. at- tributed to llek of importations. MOSCOW, mwmmmummhmllnt age, 7.15a7. ; packing o Bl R B Lt sute b o: fax lm ] FINANCIAL, Live Stock JLOCAL WHOLESALE MARKET. Lower temperature this morning made buying- more brisk. Buyers Wwere out early in an effort to get first pick of products. Supplies of all foodstuffs were more than ample to meet demands, however, and prices they have been throughout the week. Turkeys remained fairly plentiful, while chickens and fowla were re- ceived fn limited quentities, and slightly higher prices prevailed. There was no.change in the egg market and meats, fruits and vege- tables were plentiful. Strawberries % | were more plentiful than is usual at this season, dealers said and prices went as low as 40 cents a quart. F:(fi—fl!r(cuy fresn, selected, can- dled, per t:ox;;n 45246; average receipts, ts per 1b., S onoe Chick: keats, youns, each, per Ib., ed nnnl'b—h-gh killed spring 32a33; hens, per “Ib., 30‘.2 turkeys, per 1b., 30a35; keat: each. §0a85: roosters, per Ib, Glme—mbblu. No. l. Der dozen, 3.00a3.60; No. 2, 1.25al. uvo stock—Calves, cholce. per Ib, 13; medium, per ib., 11a12; thin, pet 1 1., 8a10. Lambs, spring, per ib., '13. Live glnn. 3.0025.00 each; iive hogs, per lb‘ per basket, barrel, 2.00a6.00. Cali- per crate, 3.50a5.25; ad. Lemons, per box, t.mpelrult 3.00a4.00. Cran- 00a5.50 per one-half barrei. rapes, California Emperos, 1.50a2. Vegelables—Potatocs, nearby, bbl, No. 1, 2.50a2.i5;: No. 2, 1.00 8L50. Potatoes, round, per _bag. 2.75a3.00; sweet potatoes, 6.50a7:50 per bbl. Bou(hem n lettuce, per crate, 1.00a2.00; Iceberg, 3.0023.50. Cabbage, northern, 1.50a2.60 per 100 1bs.; 1.50 bbl. ‘Tomatoes, Fiorl Beans, southern, per Damiet, 3.0088.60. Peas, ‘per baskef, 1.50a2.50. New York celery, per crate, washed, 5.50a6.00; in soueh. New Yori, zsuuoo‘ California, 00a6.50. Bquash, 2.60a3.00. Peppers, per e, Flnrlfll F50as 50, per Ba 20830, GRAIN AND PROVISION! BALTIMORE, Md., January 3 VQD?- glat —Poums-. \Ihlu 100 ibs., 1. sprouts, ml. “bb! . _ Beans, 100, 3.00a5.00. kale, b 25830, Brussels sprouts, at., Cabbage, bas., 1.25a150. Savov, bu., 35a45. Carrots, 100, 4.00a5.00. Caull- flower, bbl, 2.0023.00. Celery, crate, 2.00a4.50. Cucumbers, crate, *2.50a 350 E‘nllnu crate, 2.00a4.50. Let- . bu., 1.00a1.75. Onions, 100 Ibs., a7 L Symter plants, 100, 6.00a 0.~ Parsnips, ., 452 Peas, hamper, 1.50a2.50. Peppers, crate, 1.50a3.00. Spinach, bu., 75a1.00. Squash, crate, 1.50a2.50. Tomatoes, crate, 2.50a 4.50." Turnips, bu., 35a40. Apples, packed. 'bbl., 2.00a4.50; bu., 50a1.25; loose, 100 Ibs., 1.00a1.35 apples,’ 1.50a2.25, Cranberries, 6.0029.00, Gramefruit, box. 1.50a2.75. Oranges, box. 2.00#3.75. Pineapples, crate, 3.0024.50. Strawberries, qt., 35, Settling Prices on Grain. Wheat—No. 2, red winter, spot, 1.10%: No. 3, red winter, spot, no quotations: No. 2, red winter, gar- licky, domestic, 1.08%; export, no quotation: No. 3, red winter, 'gar- licky, spot, no quotation; No. 4, red winter, garlicky, spot, no quotation. Sales—None. Corn—Cob, new, 3.90a4.00, for yel- low and 3.75a3.80 per barrel for white; No. 2 corn, spot, 87%; No. 3 corn, spot, 84% track corn, yellow, No. 2, new, - Sales—None. Oats—No. 2, white, 54a64%; No. 3, white, new, 52%ab3. Rye—Nearby, 75a85; No. £pot, 79. Hay—Receipts, 114 tons. For top grades of timothy or light clover mixed, the market is firm, as quoted, with receipts of hay light. There is a fair demand faor the better grades of timothy, light clover mixed and strictly No. 1 clover. o uotations—No. 1, timothy, 27 . 2, 26.00a27.00; \‘ 3 No. 4, 22.00a23.00 2 rye, 25, 3,24,0025.0 g 1 clover mixed, 24.50a25.00; No. 24.00225.00. Straw—No. 1 straight rye, 24.00a 25.00 per ton; No. 1 tangled rye, 16.00a15.00; No. 1 wheat ,13.00a14.0f No. 1 oats, 14.00a15.00. . TODAY’S CHICAGO PRICES. CHICAGO, January 5. — Fresh strength quickly developed in the grain markets today. Soon after the opening wheat, corn and oats were all above yesterday’'s finish, with corn again establishing a new all-around high-price record for the season. Despite crippled wire service, trade in corn was on a falirly large scale. The fact that receipts in Chicago t day were estimated at only sixty cai loads gave a declded impulse to specu- lative buying. Initial prices, which varied from unchanged figures to half cent higher, May, 76% to 76%, were followed by moderate further gains. . Wheat rose in sympathy with corn and as a _result of an advance in Li erpool wheat quotations. On the up- turn, however, selling here against buying at Winnipeg became a notice- able feature. The Chicago opening ranged from a shade to half cent higher, with May, 1.08% to 1.08%, and July, 1.07% to 1.07%, but after a slight additional advance something of a re= action took place. Oats started unchanged to % high- er, May, 46% to 46, and continued fi rm. Provisions responded to the strength shown by hogs and corn. Open. High. Ly 108 1 clover, Say - DAIRY PRODUOCTS. (M RE Md. January 5.— BAL’N 0 ultry. — ’mrka)l‘ n Be, nul. zsuo guinea fowl, each 36265. goulu-y—'l‘urkoy-. pound, ehlc 28; old r‘o.o’-éeu. e’ ot Natlve and' nearby firste; dozen, 42a43; southern, 40. Bnt(eHCralmery good to fanc 51-5 ; prin 56858; nearby cre: ad6 lldleI» 34u35; 'mrg packed 28a27; 32; process butter, 8! CHICAGO LIVE STOCK MARKET. CHICAGO, January 5 (United States pair, Department. of Agriculture). — Cattle & —Receipts, 1,000 head; compared week ago: Beef steers and yearlings, 25 to 50 higher; fat she stoek, 15 to a | 48,9/ ON LOCAL EXCHANGE Washington Market Stock Also in: Good Demand in Today's Trading. MONEY ORDERS ARE HEAVY North American Company Reports Fine Year. Stock of the Washington Market Company and the preferred issue of ‘Washington Raflway and Electric Company dually featured the week's cloging session of the Washington Stock Exchange this morning. The former sold to an aggregate of 260 ehares at a fixed price of 43 the latter again ruled strong and up- ward at 74% and fractionally higher. Railway common was firm at 723, on a emall amount changing hands, while Capital Traction held at 95, its present level, on sales of 73 shares National Savings and Trust Company sold at 390, and Mergenthaler at 154, The bond side of the market was Qulet with $4.000 Metropolitan Rafl- road &s at 99% being the only sales. North American’s Report. The report of North American Com- pany and subsidiaries for the twerge months ended November 30, 192 shows a surplus of $14,124,254, after taxes, interest and preferred divi- dends, but before depre pared with surplus of $9 depreciation in the previou: On November 30 total of customers served reached ;91 increase of 2 W 25.23 per cent in twelve months, and the electric output amounted o 2,085,192,197 kilowatt hours, an increase of 42.90 per cent Large Sums Sent, Abroad. The sum of $5,490,500 was sent abroad by postal money order during the month of December last, the Post Office Department has an- nounced. This is an increase of 21 per cent over international money orders -exchanged during November and nearly 34 per cent greater than during December of last year. The ten principal countries were the recipients as mEm» Great Britain, 500; “Mexico, rway, 379, { 354, 4fl'! France, 349, nd Denmark. Brldlmet‘l Review. “Except for the advent of colder weather in the northern half of thn country, helping retailers in season- able goods and the coal trade, and a rather cheerful trend of reports from the steel trade, due to some good buying by domestic automobile man- ufacturers and some foreign rall- ways, the general trend of reports indicate quiet conditions attending the turn "of the year, Bradstreet's savs. Salesmen are very generally off the road. and jobbing business is at a low ebb. Industry is quiet, with @many year-end suspensions of opera- sions noted in the iron and steel and " |automobile trades. What reports are obtainable as to year-end stock taking are in the main Cheerful, although frequent mention is made of inventory values being rather smaller than a year ago. With the holiday this week returns of bank clearings again are for five bus- iness days only and show an_aggre- gate of $6,708,342,000 for leading cities of the United States. This total iy 3.2 per cent less than that of o year ago. when the statistics also covered operations for five days, but i8 4 per cent larger than the amount reported to Dun's Review for the first five days of 1922 W., B. & A. PRESIDENT EXPANDS BUSINESS Bishop Takes Stock Interest and Direction of Big Utility Company. By the Associnted Press. NEW YORK, January G5.—The United Gas and Electric Company, owning several utility companies in New Jersey, Pennsylvania, Louisiana and Texas, announced yvesterday that !George T. Bishop of Cleveland, Ohlo, who was recently elected chairman of the board of directors, has ac- quired a large stock interest in the corporation &nd will hereafter direct itevpolicy. Mr. Bishop had been in- terested in public utilities for a num- ber of years and at present is chair- man of the board of directors of the Niagara, Lockport and Ontario Power Company and president of the Wash- ington, ~ Baltimore and Annapolis electric railroad. WALL STREET NOTES. Offerings of new bonds this week only $18,442.000 of whicl $18,000,000 was for Guif Oil Corporation. Ex- pected that offerings next week will total $30,000,001 Marshall el Company say cur- rent wholesale distribution of dry goods greater than last week and same week year ago. Collections about the same. Significant improvement in business world during last week but full re- covery from holiday lull not yet come in =il markets according to Dun's review. . W. Woolworth December sales increased $5,163,134; for 1923, increase e 032. t. Louis San Francisco gross eatn- ll’\l! _,fo;lrlh week December decreased $144.759. Salt Creek Producers’ Assoclation de- clared extra dividend of 25 cents a share and regular quarterly of twen- ty cents. PARIS MARKET SPOTTY. PARIS, January 5.—Prices moved irregularly on the bourse today. Three per cent rentes, 63 francs 65 centimes. Exchange on London, 88 france 20 centimes. Five per cent loan, 69 francs 2 centimes. The dol- lar was quoted at 20 francs (8 cen- times. TODAY'S DAIRY PRICES. NEW YORK, January 5.—Butter, firm; receipts, 12,324 tubs. Eggs, steady: receipts, 15,191 cases. Pacifio coast whites, extras, 61a53; do., firsts to extra firsts, 46a80. Cheese, steady: receipts, 27,469 Ibs, —_——— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co., Nominal Selling checka i gold value, today. | London, B e Dinas 5" triltion 25 higher; canners, cutters, stockers | M: and feeders about steady; bul higher; veal calves, 50 to 1.00 up; extremé top yearlings, 12.25; bulk ‘matured steers, 11.25; short fed steers, 8.00810.00; best. mixed yearlings, 11, io. veal calves, 11.76a13.00. heep—Reoeipts, 1,000 hea celw mutsly direct; stead: lambs for ‘week, 13.90; best Fat lambe, 12.75a1; “fat yearling wethers, aged wethers, 7.50a8.75; fat ewes, 7.25a8.4( feeding lambs, 11.50212.75. Hogs—Receipts, 11,000 head -ouvr mostly 15 to 25 higher; g and cholce medium and huvywelzh& llmnrl, 7.35a7.46; top, 7.50. 16 o us pound .1‘ NEW YORK. .umuryQ 5.—Fore exchanges irre uotati United States dl:;ht Grnlvg.l&: —Demand, 4.29% : cab) day bills on banks, Demand, .04931, ~—Demand, . able: Flum—Deimand, 0431 Germany — Demand, mblzl. ,000:00000‘3000 Holl mand, .3772; cables, .3778. Demand, 1413, Swedcn. mark, .1' 5!v Swit 1278, .04 c-blu, Afl oooooocaoonu"? olland—De: Sw]e:en .zcu f w“‘:.“:.i.;; ik,