Evening Star Newspaper, January 6, 1924, Page 25

— e R % DROP IN EXCHANGES —————————‘ — | BOND SUMMARY FOR THE WEEK |BRISK ADVANCES | : )GENERALLY |GNORED NEW YORK STOCK E CHANGE ;fimfia\ fi;@g_’:nmng': e v ohes a0s ; 'N STUCK MARKE.' : ;g‘l’gg gg% g;;g gg:;‘z. Liberty 2d 42 1027-43. ... :5‘:?2 e ~—1088 —, 1983 — ending h ‘Week ending January 5, 1834. Noet. Aberty ist 4% s -47 {4 Wall Street Considers Lack of | Hieh Lew. Tigh: Lew. Bews. - . e . o Tt V ook o igh. Tow, Ol Ohgs. |10100 0554 9910 9624 Liberty 204%n 1927-43. S ANl o g o Cutfing. o o % Lond Ty ubbe! erty ol . ’ 2. as Remarkable Fea @y s % 2 3 Ay Rumier. i A i Kinney (@) (R). 5% 10016 9890 10006 98-1 Treasury 4%s 1947- 99-18 428 Taxes Gives Firmer Tone e ; i3 56 ol 68 some 61w 8 Kreage (S5) Company. ... 1 0 o “Tradi ot Weck 8% o4 8% —— Adexubbers % B4 6% 18% Lacledo Gas. ... 814 - e Eow FOREIGN, Slase B T o |\ to Trading. , |2 ssu (5% 4 Allied Chomicai & Dye 70 T ~; Leo Rubber & Tire 1w ek o e o o8 97 All f.. 110% 1 1 . > i A 1924 CONFIDENCE GROWS| 3% ‘stw 7% 4 Allsconaimers Mte oo ri. 104 45 dow it L) L TR L ‘ (58% 99 Belkium 6 1928 i %% 97 |\MANY THREE-POINT GAIN: ¥t 2% 27 10% —— Am Agriculture Chemical. 17 14% 16 4 Lima Locomotive. 67% 885 a; Belgium 8s 1941 % 7% T4 7 ‘& = zg* gf:“ ggu——l«mumunuucnempx LA 45 46% 2 l;nc'w‘:lncorpon;ed 17 c 09 oix ggggfi‘;‘.‘lfl;fl"“ 945, 94 irst 192 ea inanci i —aA . eeee 42 4l 41% —— Loft, Incorporate " .- % 99% | Firs vy New Financing Expected in| i3 511 52% American Bosch Magnoto, 0% 35t B84 o 2 . 100% 100 1024 Auto Show Also Usei —— Loose-Wiles Biscuit. 58 99 Canada bs 1926, 1014 100% 8815 51 6% 6 Am B P c.. 80% 77T 9% 112 Lorillard,P........ 176% 1024 100 Canada 5%s 192! 4 5 S i Near Future. 6% 823 T 6r Ametican Can. oo 107 108% 1064 5 Loulsville & Nashviile..... 90% 100 10015 Camiens SHIME .o i 1o 1008 12 LCting Brices - 201 141 148% 12 American Car & Foundry. 167. 161 167 1 Meclntyre Porcupine Mines 18 108% 100 Canlg 3% 1ons 108 102% B G ORGE TV GHER: —_—— 20% 2 AmChainclass A w1 23 5. 28 7 Mackay Cos 108 ; 106, 100 GE ittt 102 ¥ the Avsociated Pross. u 5 5% —— Amerlcan Chicle. 20% 20 4 3 6 Mack Truck Lo A . e s 8pecial Dispateh to The Star, 30% 25 22 .—— Am Chicle pf. . - 66 o 9 —— Macy (R H) gin; 3814 fi::’:;.;‘o:rrnfifiyl 515"1‘!51 ba1s 874 5 W.‘ r.\\, ,,‘ o;m. - NEW YORK, January 5.—The close| __ — 8% —— American Cotton Ol ctfs. 3 1ns% 5 . —— Magma Copper. 9615 C:echoxl:vnkll 8s 1951. % 93% jREneS oV DY rd in brisk trad of the first business week of the new | 71, g 26% —— Amer Cotton Oil pf ctfs. ... 1 5% » Mallinson & Co....... 1108, Ll e T 2 9" 108 109 [i0= i today's half-holiday session o a i o] 4% — Am Druggist Syndicate. ... 6% + * 9 4 Manhattan Elec Supply. % Demmark S¢S 2 e e Bkt e ae year finds financial and commerclal {162 126 87 6 American Express. e 1021 E —— Manhattan Elevated. . e Denmaz) Gsll P S Al s maTheL_mathe pan 3 sentiment quietly confident of the fu- "IZ: ég‘i 6% —— American Hide & Leather. 9 98y 4 Manhattan Elevated gtd. . s D:“c‘h E::: 1::1":: s: i £ rg 241 m‘”up-”' . |;. e .:r F":kr ou Suse. . 29% —— Am Hide & Leather pf. 52% Manhattan Shirt. . Dt & L rterruptio e i The unfaverable features, hief 1§§“ 8 78 7 American Ice. 1 86% B89% Maracaibo Ofl, merican Ind Dev 7% 94 the larger brokerage houses. 2 French Govt 8s 1945..... > . 5 ke TT% € American o bf. .. 81 Market Street Raflway. .. 2% 90% Washington dispatches stating tha among which is the decline in tho| 50% 245 18 — Amenrrl l;:a‘:-nnuonal. 2 23% Market St Railway pr pf.. French Govt 7i%s 1941 - ki President Coolidge s opposed ¢ exeh s ally At . . 5 4 & Hollund-American s f 68 1947. A 8 s pposed t xchanges, are generally ignored. It| 4214 28 88 13 — American Linseed. y 19% Market St Railway pr Jupanese 1st 4148 1925.....- 98% any substantial changes in the Mellos is mot a little’ remarkable that the| 64% 48 28% —— American Linseed pf. . 3 5 8Th Mackot Be Rallway 31pL. ¢ 3 Japaneee 2d 4%s 1725 as% tax reduction plan, comt v sharp break in sterling and the new | gan 13— 64 6 Am Locomotive (new).... 75% 8% 175 Marland Oll & Refining. . . A Soausnete 10 Liw ; ;80 @x reduction plan, combined with & cord low for French francs should | 155" 44 % 40 3 American Metal 2 o Asnia-Rarye Jergens Utd Marg: ie Sepsat onioC e soent profittakin Hesond 129 82 Wl s i ed 91 101% Mathleson Alkall T 74 encouraged the active resumption o have had so little effect on either in-| 8% 38 4% 500 American Safety Ra ? 6% Maxwell Motor, Class A Marsellles 6s 1934 74% loperations for the rise. Short vestment or speculative opinion as| 28% 5 10% —— Am Ship & Commerce. .... 12 123 Maxwell Motor, Class B : Mexico bs 1954. BE. A | inii, Amprssed by the Gealths b reflected in the market, but such is| 67'% 68% B1% 5 AmericanSmelting & Retf. 601 May Department Stores. .. q 25 Mexico 4s 1954.... 26% the Duying power: hastoncd to coves AES SacL e So4 102% 98 7 AmSmeltd Refiningpf... e o] 4 Notherlanan 62 1573 § 06" 98K 90 it puing i the active jesucs TARE No Alarm Over Exchanges. Bo% b D Ao ;f.’.’.lffi‘:&‘:flg 54y 65y Miam| Copper. . . i ;‘,::,‘:'[” B R R 86 65 |IME from one to three points. For the past three vears economists |1 84 ¢ 92 7 AmSugar RefinIng pf..... 97% - Middle States Ol Queonsiand 7s 1941 . 1045 TisTw dn Groater Demans. In reviewing the past and forecasting | 47 284 16— Am Sumatra Tobacco 23% Midvale Stee! . Queenslund 6s 1947 % 100 o e depiand fas ot the future have been putting the| 71 524 i 321 —— Am Sumatra Tobaccopf... 6 4 641 M. St Paul & SSM. . 875 lfor the rallroad shares. particularl: clief stress on the chaotic conditions | 128% 114% 119% 9 Am Telephone & Telexg. ... 1264 Mo Kan & Texas new e A ; < Pl L e L 95 99 |the southern and northwestern car tions o f reaction such condi-1169y 129% 140% 12 American Tobacco. Mo Kan & Texas pf new . ons might be expected to have on |165% 126 i 140 12 Am Tobucco Class B. Missouri Pacific e sl 79 riers. Southern Railway crossed 4 Sperity &t home, but so far that|josw 9614 4 100% 6 Am Tobacco pf (new) Missourl Pacific 6 10214 Sweden 65 1939 1047 r'l"s'.“. rst time in more than a year 2 e . . closin n o ction has been of small impor- | gau o Montgomery Ward 1115 Swise Confed s f 85 1940 111% fione molnt tance. It is true that the wheat 20k —— A Wales Workn & z - o e o - o est 67 ; : 131 Moon Motors &rower has suffered from the world's e qEabAsaa AN WA oRc ’ Mothor Lode Coalition surplus of his product and that the 3 A W eolon: - Mullins Bod: vonper producer finds difflculty {n 2% 26 = AmWrlIhe Faver e Munsingwear. . finding foreign customers, but these 12% 4 Auerican ZincLoad X S. S arc exceptions. Domestic business has | 36 58k American ZIne L & S pf. ash Motors . Yun on In accord with trade and 4 # JAnkcandi Eoppan ... Nolandiaece money tendencies on this side and —— Arnold Constable & Co T R without much attention to affairs in b o 5 Asso Dry Goods. eV Repkriient Siores Europe. So the financial commupity 4 150 Associated ONl (new). .. Nat Ename] & s watched with interest the slump |108% 91% 94 Atchison. Topeka & S Fe National Lead. Ball Tel (Pa) ref bs 1543 in the exchanges, but hus refused to | 95% 85 i 85% Atch. Topeka & S Fe pt National Supply : b 1o Bethiehem Steel p m Gs 1975 Nevada Con Copper. ... = 4 a5 Bethlehemn Steel s f 6s 1843 be disturbed thereby. 124% 83 127 109% Atlantic Coast Line § % ' 4 S L P T B 1 34 o% Atlantie Goif & W I New Orleans, Tex & Mox.. 3 ' Brooklyn Edison 78 D 1940, i At e tr bullish demon New York Alr Brake. ..... % Central Leather 5s 1920. . 9% 9 % o t the ¥ of the In this connectlor o way in| 81% 15 27 6% — Atlantic Gule & W 1pf ‘e ch French dottas bonte dvajt in |87 117 160 41 Aiantic Eafinios UM Brake clams A “errd de Pasco 8% 1931.... . % 137 139% - show. > 1% Jumped Lere have held up, regardless of the | 227 131 201 —— Atlas Tacl N’Q;‘\.?,’r‘]:“_?";‘;"\’ 555 sile Copper 68 nv.f : 5 points a to near R = ons Coal (Md) 1st ref Ga were registered by Tall In francs, has caused no little [ 40% 9% ' —— Austin Nichols News b . 9 7 7 vomment. There is, of course, no 286 6% Auto Knit Hosiery ew York, N H & Hart. - " Ciiba Cane Sug cv deb 8 153(. . 5 3 S ber . Naves Wheel logical reason why a bond of the |142% 02% 1444 1104 Baldwin Locomotive New York Ontario & W... i . ¢ Detroit Edison ref 6s 1640. % { Indian r Cyele, Kelsey Wheal French government payable principal | 60% 88t RBaltimore & Oho......... + 3 1 Norfolk & Western.... 3 Du Pont de Nem Ths 1931 ... Maxwell 3 s A., Martin Parry anc and inteest in dollars should fluctuate [ 664 62% ? Raltimore & Ohio pf. ¥ North American. o8y 02 9 Empire Fuel & Gas 7is 1997... 9 4 i 917 | Revnole in market price with the quotation| 94 925 Bangor Aroos pf. North American pt 2 : : 4 3 General Electric deb s 195! Oli stocks were steadier with fur. for Lreneh currency and no one sug- | 564 19% & Barnsdall, Class A . 5 & 5 % 5 . Northern Paciflc. . 5 SonSTIh (B B 618 1947 : L "oti; "ol |her recovers noted in the Pan-Amer ests that the French people would | 89 17 —— Barnsdall, Class B. . Onyx Hosiery.... 25 — oodyeat Tirs §8 1981 . ;: can issues, producers and refiners ey mts own Jnancial aim-| 65 33 ~— Bayuk Bros. A 59 1 Orpheum Cireult. e Tis s ; 7 Sinélair, Standard Oil of Xew o pe erfere with the service| gy 380 +3 Beechnut Packing. % 6 5 tis Elevator. 2 3 F a0 a Humble Oil & Ref 5%s 1932. . % F J | seve hers. ther s Lernelident hich iy tha il eL Bethlehem Steel. . .. - - : ; Otis Steel. 2 9% 9 9% - Indiana Steel 5u 1952, Ruiber and Shipping stocks entite Indebtednesn. SUTl seokimens |100% 94 4 8 Bethlehem Steel pt new. 1 yo91 < 24 2% 2 Owens Bottle. s 44 . . B8 90% arine 63 1941 ..... 4 o in_these matters fa often ‘more pow. | 108 3% _ T —— Booth Fisheries 2 . + 9 9 Paciflc Gac & Elect S 9 k ¢ B 134 erful than logic and it might nave | 124% 100 8 Rrooklvn Edison 14 Pacific Matl - £ foreign exchanges been anticipated that the un:m about { T — 4 Brooklyn-Man Tran tr ctfs R 3 5 2 3 Pacific Oil. . 5 i 2 Lackawanna Steel &s 1950 9 ss ‘improved about five the French financial position which | To— . —— Brookln-Man Tr pf trctfs. 3 i $ 20 Packard Motor Car. R t . Liggett & Myers 5s 1851, E . | i e Tt are 5o eloquently reflected in the |124% 70 5 8 Brooklyn Union G oY - t Pan-American Pet Trans.. 6 § 3 p 496 Manatl Sugar s f Tis 1982 j {1ans and & i e +xchanges would have caused con- 11_4’ 1?2 5 4 ;0 gufllh; Roch & Pitts g 0 ¥ ;’au-:rz‘ll“;rrn:u a O3 - i am\-..hx- sil.e; :i'! ]1g:ml.ll : <ern among American holdes urns Bros. ... S 5 s 5 aris| ngham . p ew England Tel 5s 165 Fronch scenritics no matter i whay | 83 28% 41 ¢ 2 BurnsBrosClassT. .. . Pennsylvania Rallroad. s New York Edison 1st 6%s 1941, currency payable. 10t 5% 50c Butte Copper & Zinc. 5 J 5 Penn Seaboard Steel = | 961: N Y Gas E L H & P 58 1945.. conveny erfectly’ possible that such | 354 20 2 — Butte & Superlor. 18 9 E People'sGas, Chicago.... 98% 7 : 214 New York Tel 65 1941 rred . east. 0 6 — Ca e Seiz oy e v 9 ¢ 9 No: erica s ¥ ekl date it ym’srht:lm.;;, spicuous by its o o8 S Caiiforit Pecking. 3 A 2 Phillips Petrolcum Gly 3 ’ p 3 e i : 913 s ; b anm e the cake it —— — 1% California Petrolm (new). 267 Phillp Morcis & Co : 5 | g > : 3 21362, 8 9 91 als Inventmcnts solution of the reparations sabiy | 98% 83 $ 7 California Petroleum pt ! 2 , Y Fisroe-Arrow. .. o 2 Phlladelphia Co ref 63 1944.... ) in cash in own vaults sufliciently broad . to reliewe the | 11% 5% Callahan Zinc & Lead 5 ° B% + 1 Elemme Smrowmll. oo 274 Public Servics 53 . Teserve of membe EFrench financial strain would be fol. | 101™ 119 Cankdian Pacific. Ak 3 6 ,.:::f:'(‘,\d"’”'””'” s jroz - as 15 90% Sinelalir Off 7s et ¢ 5’;'."‘&'.‘ reserve bar SRUin Erench G ieatment Jnter: din 2o St + . Tih D Pittsburgh Coal. Z ¢ : 2 South Porto Rico Sugar 7s $ dollar bonds. Such so- ntra! Leather Copf..... — Pittsburgh & W Virginia. 3 Bl + 9 Union Bag & Paper 6s D... lution, however, it must be admi 828 ¥ . ¢ = does ot Seem 10 be I slght, Mo | 46% rerro de Pasco Copper. . 8% 1 FPostum Cereal . 3 3 Unifed Drug ov 30 1841000 1 ¢ much is hoped for from: the: 1iough Chandler Motor. .. .. : 647 4 reased fied A AEA - 88 S Bulbec dgtid pet s © - L CK ON CUHB Chesapeake & Ohlo. : Pressed Stecl Car pf .. 5 3 ; g ; : : Chicago & Alton pf. . : 5 Producers & Refiners. &atlons of the international experts. 3 3 § - Chicago & East Illinots. .. 9 3 4 > oduceis s Detnerspt | s 2 e 4 3 sy B lN VIOLENT BREAK FINANCIAL, s THE SUNDAY STAR, WASHINGTON, D. ¢C, JANUARY 6 _1924—PART T. FINANCIAL. S T 4 B et | T4 while orthe eferrec 106% United Kingdom 5%s 1926. 107% touched 1 then cased to 7% 99% United Kingdom 5%s 1957, 5 9 % on the day, whil ADUSTRIAL AND MISCELL! i f stern, Atlantie 6 Amer Agri Chemical 735 1941 % 4 and Read 86t Amer Smelt & Ref 1st 55 1947.. 92 % ferred all closed a poin 99% Amer Sugar Refining 6s 1937, . Amer Tel & Tel cl tr 55 1946. .. 91 Amer Tel & Tel cl tr 4s 1929 Armour & Co 4%s 1936...... Attantic Refining deb 5 1937 |44 4] bttt et [elos =211 === 1]=]]=]]=] |eaa e &y | ene oo recoveries took place ir e it was off about ight's final figure Good Investment Buying. Chi & East Illinofs pf = st 3 Pullm, . e aroitna Chem 7 &rade investment bonds. January Chicago & dredt Western. 1 2 ! E Batita Alagee Sagariiseiol B . : ! o Woion Tel $4s i i traditional time for the reinvest. Shickxn & Gt Western bl - > ¥ 4 & 65 1941 e ment of interest and dividend dis. 4 Chi, Milwaukee & St Pau! 2 Pure Oflo.c.oc.... o 2 Wilson & Co 1st/6s 1M1, South Penn Shares Tumble 1¢ bursements and these disbursements Chi. Milwaukee & St P pf.. 2 Ray Coneolidated Copper. 1 - 3 3 Wilson & Co cv T3s 192 oas s z have been unusually large this year. Chicago & Northwestern. Reading. . 2 ia ¢ RAILROAD. Points—Week Sees Very Heavy ere has been no rush to buy nor |12 Chicago & Northwest pf... Iteading 15t pf.. 53% 52 + @ 5 81y i Atchison gen 4s 1585 - 51 { % was there any Anticipatory tise 1 the| 60 Chicago, R 1 & Pacific Reading 2d pf. = A : 3 s ¢ Atlantic Coast Line 1st 4s 1 8 Profit-Taking. bond market. Buyers seemed to feel | 93% Chi R 1 & Pacific 6%, Remington Typewriter... 5% 32 Balto & Ohio pr In 3%s 192 s that they had ple of time to ac- {105 Chi R I & Pactfic 7%. . Replogle Steel. i 3 | 88Y Balto & Ohio gold 4s 1948.... ... o 3\#:»;\312:.‘;;.{,‘?..'.‘{ ; fes before there | 90 Chicago. St P, M & O. Republic Iron & Steel 3 1 2 b Balto & Obio &s 1929 AT % Ry ierdaosthT el Iaaes Wwas any substantial sdvance in the | 29 Chile Copper. - Republic Ir & Steel pf i Halto & Ollo cv 4%s i 3 NEW YORK. January hey ave also given the 83% Chino Copper, ynolds Spring. Balto & Ohio ref bs 19 = preference o obligations on which | 7ot 6% Cluett-Peabod. e 5 B&OPitts LE& W 5 p ments on the curb ex e mctie 'z per cent. 825, 3%, Coca-Cola. .. Royal D N f shs. ' B & O Southwn div 3% 1925 963 | 17 by Gt a Miaher e o Jn 258 Colorado Fuei & Tron StJoseph L.... o \ Capadiau Yorthern s 1945 ids Screneth was enown oSt interest has Leen shown elaes 4 T80 Colembis s (oew> 4 s Gentral Pacific &a 1349, 3 86 R Lut on the following days the Opinion as to the future of . ¢ . St Louls Southwestern 6% N 3 Chesapeake & Ohlo ov b5 1946.. t factor direc St Louis Southwestern pf. 59 2 i Chesapeake & Oblo ov 41s 1930. 881, &9y 8 * was heavy selling to take the Investment market s no o onte 51% Columbla Carbon. On the one h: some servers 7 Comput Tab Recor 1 o chse In money ans ors Hi o Savage Arms. 6 3 o | o1 5 Chesapeake & Ohlo gn 4%s 1993 841 i REICH baT Kean deteried Bchuite Store: G Chicago & Alton 3s 1949 o6 5 expect that the ease in money and the 18414 5 Congoleum Company undance of funds will result in ad- 39% Consolidated Ciga: A S aveid adding to tax requirements in n# prices for high-grade securi- 83 Consolidated Cigar pf. Scaboard Alr Line. ....... 3 354 Chicago & Alton 3%s 1950, i T othér hand those who 69% Consolidated Gas new. Seaboard Alr Line pf. 3 A 6% Chi B & Quiney 1st ref 5s 1971.. TaREr tone of the loag-contmied antial increase in busi- i\ 5% B9% Continental Can... Sears-Roebuck ; 5 Chi & Eastern IIl gen 55 1951, 2 o I s Bl ity und consequent demand % 124 Continental Motors. .. 6 Senecn Copper. D 6w 8 : Chi Great W 3 50 | and resulted i extromely wide for money for commercial purposes 1601 9 Corn Products Ref. : Shell Trad & Transport... 4% & 3 1 sta Chi M & St 1 2 9 f violent declines do not look for higher quotations for | 625 Cosden Company. Shell Union Ofl........... 5 H0is Chi M & St Paul ov s S i Oil issues ied on all move- e i : 109" osden Company Simmons Co.. . £ . 50 Chi M & St : fiments. The greatest decline was in They hold that secur]ties dependent in | 2 st Cruoible Hteal. .. Biinis Patraiean S 3 4 andard Oil of Nebraska, which, after RS iigAn the Dstness oona cand 3% 3 Guban-American Sugar Sinclatx Con O11. AT 3 ) Ghi & Northwente 6ia 106% 1067 Jadvancing to 235, ~ielded to 185 the corporations concerned will be in | Cuba Cane Sugar. 1. - z fy 7212 Chicago Rat 8 . 2 d then dropped to 253, followed b: greator demand. Judging from the 5 2 Cuba Cane Sugar pf E hefmieid St1 214 Chi R T & Paciflc rof 4 185 S D B IR O e n wction of the market this wisk the i Cuban-Dominican Suga; 6 South Porto i . Chi Union Station 4165 196410 9 e & xbovk 280, Magsolie Fe Southern Pacifl . Ty S ! H Chi & Western Ind con 4s 1952, . D e Southern Railway 3 : € CC&StLref 6s A 1929..... 1001 1013 . e e e A Southern Rajlway pf ; 1y Cleveland Term G%s 1973....... ; rig - ab el R R L Spicer Manufacturing clorado & Southern 4%s 1835.. & 30%% Kain while other lkeues in thie group Standard Milling. . . < 5 Cuba R R 58 1952.... dectined, South Penn OIl dropped 13 Standard Oil of Callfornia 4 ! Delaware & Hudson b%s 1997.. points from 176 high level of Standard Ol of NJ....... 4 Den & Rio Grande con 43 1836 i e week, ind Staudard Ofl of Ohio 3 3 pr vielded 16 points. Gulf Oil fell more Standard Oil of N J pf. .. 5 Den & Rio ‘ i i {vielded 16 potn Qisellmose Meanwhile there has been good ab s be 00 - sorption of the middle and secomd [Tl =111 o ® e £a R 0 S & conservative investor is taking the Cuba-Dom Sugarpf..... S 461 middle course. 1 4 6 Cuyamel Fruit A 70 While there is a_large amount of | g - Davison Chemical 621, new fnancing scheduled for tnis | 60% 3 Deere& Copf........ 62 month investment bankers in " 3 v haste with their offerings. They, tc % 124% 931 9 Delaware & Hudson. seem to feel confident that their op- | 143 i 130% 109% € Delaware Lacka & West.. portunities for doing a profitabl 671008 3XL . 290K Detrail Titinon s busincss ‘will ‘not' puss in almoment. | 464 18% 32 16% DomeMines ;... Froermsbntl by s han 2 polute O The s @ good deal of railroad r 9 1484 2 iy ceeee . Stewart Warner Speed. f i 5 Erfe 1st con 4s 1996 N hdustrials were irregular. Motor utilities are alway capits 27 2 ik 4 8 s " E s A 1953 : ‘ « e for extensions. What will be offered in | zar, T B2 Electric Storage Battery.. 624 6 + 17 e SRR ; 5 s s Erle ov 4a D 1968 2 R et Dot B T Soulieint e abouc whar) beis Tow ‘3;:: - EngicorL S shaec; g . E Superior O11 : o = e { Grand Trunk g { deb 6s 1356 4 ; | s ‘made in Durant Motors. “Dun- “The signi ! 208 E ond. s . S L & ; Grand Trunk 75 1940..... H S 1 deglined more than B come w0 he one of the greatest | 111 Erie ltallrond Tat pf.. .. 2 3 i s Grea: Northern gen 7a 1936, : L inte 1o o new low record. while of American Industries, namely, the | b Yrie Railroad 2d pf. 257 kv S st et 3 et Northern san 5% 1053, c ; up ever 3 points 1nd Fod motor trucks, In that there 18 80 | 31 2 | Sachang's SHESE = 4 g ¢ Texan Guif Sulphur.. ... 6: \ 7 76% Hudson & Manhattan ref 5s 1957 ; | made hicecort. Cosn Prod- lttle call for additional capital rmm{x 93, Famous Players-Laskey. Texas & Pacific. . . 2 Hudson & Manhattan adj Gs 195% h 3, ! . ne nd Dubilier _each de the business itself. 998 8 Famous Play-Laskey pf Texas & PacificC& O y llinols Central 5%s 1934... ”M‘:} “,‘_g::ufi{.""‘h 1 pital invested in motors, both 37 604 34% 7 Federal Min& Smelt pf. + Third Av 1d trucks, is em-l B4 10% 64c Fifth Avenue Bus 4 3 T A¥EnNS. 000,000 and the indus- 75 212% 140 10 Fisher Body. . 174 try last year pald the employes nearly 105 16t —— Fisk Rubber. .. S 8% o . + b Inter Rapid Transit os 1966, # " B s S to ‘Tide Water Oil Inter Rapid Trn!l t cv 78 1932 ! eve 4 Timken Roller Bear lnturch?l'sBlll;\Zl‘)l‘d:'l:sl.lclz ‘ 2 . . + Kan ico! soes T " o Erettss s : Kansas City Southern 3a 1930. .. a1 %! COTTON OFF 19 POINTS. Tobacco Products pf. 6 5 Knnu:hclty‘flu;a;;:;rn o8 1950 = 2 ’ ; X Lake Shore 45 1935.... - 5;:::::;“?;‘::2:::-: g Lake Shore 4s 1931..., 99 Part of Saturday Losses Made Up 3 Paper...... 4 Lehigh Valley 6s 1928 . 1023 in-Late Rally. 6 Union Bag & P " n-Lat ¥ 0 DifecPann: 4 i 2 Louls & :-sg ixnmac: ;;xs;x,... 895 i At g o 8 AL ASDRALE pf. o % 5 b ? Louls & Nash 1st ref 5%s 2007. . 104% '106% NEW YORK; January urther = Bo & General Buiing. ... o Unived Aoy St ; Hiasikot SU Ty con 68 1951, cerrrs -S40 991 9915 | deciine under continued realizing oc s 80 6 Gemethbein Qi : i 12 United Cigar Stores. . ... Mil Eleo Ry & Lt 15t ref b5 '61... ~80% . 50t 8035 | auidution was followed by ralles WALL STREET BRIEFS. | 167% 8 General Elec " 200% 1931 25 N M St P& 5 S M 6%s 1931, .0. 108 ~102% 10113 1013 | M the votton market on ving and covering. March cohtracts sold G g::::;:%l?:lc s i OfF to 431 dring the early trading & Mo Kan & Tex pr In 68 A 9, 8020 T8% 80 Qhrise th General Electric Not to Change 8% G- General Motors 6% deb, 8214 4 DiiteARal) why Inyée Mo Kan & Tex ads 58-1967.+v. ., 51% 53 B e S L T R S 1 | A M 2 39% —— Gimbell Brother: 491, s " 2 USCCIP& Foundry. 8 : ~—— United Rwy Invest pf. . — dissourt Pacifle 6d 1 L BTA 881 88% | Doines. The price vallied to 34.63 late Policy—More Earnings. ! Goldwyn Pictures. .. 10% 7% USCIP & Fdy pf.... Missouri i.:‘;:“ l,. ":;‘;.I‘ DB “B1ne S1ie !':":hf-' ThoEnne and (losed i 34% NEW YORK, January 5.—Comment- A 1T — Goodrich (B F) Company. 23% - e § N ST £hes ftaal LGS S S1E5 155 petilom w1 ke ikt it o arge. in aivitend SR ¥ S Todustsial Alcone New York Cent deb s 1934: aats 90 ol el T el Mot R B eiaaies . 5 U S Industrlal Alcohol. . o taatz ek ’ 1 common stock, President Swope satd: | Wl Ay i 4 3 UAREDup L. N Y West & Boston $%s 1046... 8 . .43 G258 Sor was difficult. Week end reportd “at @ recent meeting of direstors of | 50% 6 GreatNorthernpf........ G8i United States Rubber Nortoll & Westeraaos s 1056, ber. on 42 B ‘the domestic goods trade at: General Electric Company 25 4 Great Northern Ore ctfs... 29 8 U S Rubber 1st pt. 2 No: n . 86% o - ; . stie goods lrade at: of change in divideng. nv)-ncflyu'::g:z 13% —— Greene Cananea Copper. 18 G 2 4 18 —— USSmelt R&M. ;lo;::n;nll’zi;:e:x.x ;:;;;:- 1929.. 106 107.\? 107% :Ix;mltlfg"u‘lxl;:n; garded as reflecting because of repeated rumors of such g % 5 -—— Guantanamo Sugar... e + % ¢4 6% United States Steel. . b Northe: e 1’91. een 581 584 no special change in the situation, action. Tt was opinion concurred in by 913 — Gulf, Mobile & Northern.. 15 R e ateath 98% e e e P ST e s 48 oo v o Th unt of «wotton on shipboard all directors that there should be ny 44% 1 Gulf, Mobile & North pf... 51% 3 United States Tobacco., 102 Northern Pacific ref tmp 6s 2047 102% 108 19 g wasunsioCieation R change in divident policy or In come 4 Gulf States Steel. 84 R i h Copees 99% Ore Short Line gtd s 1946...... 102 102% 102% | \work was estimated at 114,000 bales pany's capltalization.” 4 Hartman Corporation. a1y 14 —— Utah Securities 90% Ore Short Line ref 4s 1 921 925 92% | compared with 103,000 last year. American Locomotive latest esti- 3 Hayes Wheel. . 45% 24% —— Vanadium Corporation.... 5% 75% Ore-Wash 1st ref 4s 1961.... 791 80 mates place net earnings for 1923 at 25% 3 Household Products.... 34% 3 8Y% —— Va-Carolina Chem class B. 321 to $21.50 a shi 500, 98 Pennly:vlh:l gen . 9:2.“ : 993 99| NEW ORL ’iy..‘:u?gi‘ 10 §21.50 & share on 500,000 4 anis gen - RLEANS, | shares. Working capital an of Decom | Shit Sors 40% — HoustonOMl. ... 715 o —— Virataia-Caraling Chom. 88 Pennsylvania gen 43 91 9014 | cotton aquie ;i 27% 19% 20 8 'Hudson Motor Car.. 28% mi O o e AT %000, gainst | 271 10% 15% 1 Huppmobile Motor Car.... 18 T e Delaware and Lackawana failroad |116% 97% 995 7 Illinols Central.... . 102% e R closed best year in history, havimg|—— —— 105% 102 6 Illinois Central pf full pd... 103% P bisd e I N ; made new high for gross revenue and |—— —— 11% 3% —— Independent Oil & Gas 6% 124 1 Webher & Heibroner 15% equaling if not exceeding record net| 25 12 19 1 —— Indiahoma Refining.. 2 38% 2 WestPenn...... bré jor bo reduced. oy that 46% 814 2% Inland Steel.. 36% 14 — Western Maryland 2 18 ¥Republic Iron and Steel fing 4 3. a4 2% 2 Inspiration Cop 26% 12— Western Pacific. 4% 18 1925 in_strongest pesition It has o | S2K 174 22% 9% — lnterboro Rapid T 13% 101% 7_ Weatern Union Teisg. 108 Joyed for several Years. Its working | So 257 43° gy 5 inter Agricultural pf. 9% 76 560 Westinghouse Alr Brake 185 capltal Is in excess of $26,000,000. Reo| S5% 28 44 31 4 International Cemen 3% 52% 4 West'ghouse Elec & Mfg. 614 bublic has shown its abllity to make |50 20% 274 1% 2 Internat Comb Engine. 26% 6 ——— Wheeling & Lake Eri o 00d earnings under normal trade|l10% 79% 98% 664 G International Har,new... 82% 10 —— Wheeling & Lake E pf. 15 Gonditions and has pald during ¢ 8% 11% 4% — Inter Merchant Mraine... = 7% 20 12% White Eagle Oil. 26% vear all deferred preferred dividends, 57% 41% 47 ~ 18% — Int Merchant Marine pf... 38% 4 4 White Motors 6% but $1 & share on ita $25,000,000 pr, 164 10% — International Nickel 2 — Wickwire Stesl. 3 50% 27% 19 —— Wilson & Co. o 5 T edident Campbell of Y. o A esident Campbell of oungstow! —_— Jllys-Overland. ... ghoet and Tube Company state busic £ B ST Wiiys Overlana s Pt ness is improving an a com- 25 38% 23 —— Wiaponsin Central. 2 58 191 pany f;aru:‘n:lb:: :::k?gp &!:Ef';fp it or- 24 16% — Jewel Te é’;“ 137 290 199% 8 Woolworth (FW) B.:“ E‘.‘.‘.:‘t. %::u::’ Jat 4s 1 ¢ :32 :";'u 90% Sfi: WEEKLY BANK REPORT. R N oo 63% 20% —— Jones Broa Tea. B5% 26% 40% 19% —— Worthington Pump. 28% 25% 28% + 1% % 94% Union Pacific cv 4s 1937, . 9% 957 9% xpw YORK. January 5.—The jtig Jordan Motors this morning hus 24% 15% —— Kansas City Southern 11 6 18% 8% 1 Wright Aeronautical 13% 13% 13% 90% Virginian Ry 1st bs 1962. . 92% ‘agy 92% | sotunt condition of clearing ho: heep rescinded until further notice. 45% 28 —— Kayser QJullus) &Co..... — 80 .62 .5 YoynkstownBShest& T.... 69%..68 0% -+ 1% |)g 93% Wabash 1st 5s 1939.. 963 88 96% | Bunics and trust companies for lg?i 2?‘% — Kelly Springfleld Tire..... Dividend rates ‘"::-11 ;n o‘rheh :fio;:‘tr«};led :cn;: rl:&fl;r:lu%l;cu n&ym;l‘m 69 56% Western Maryland 57% 58% 58% | week shows :fll nxtl'l'u m‘res.-r\'o 7 8 Kelly Spring Tire pf. less otherwise 8. Western Pacific 5s 1046 9% 81k 17,389,150, s is an increase uded. t Partly emtra. P-4 5490, s e $400,000,000 in wages. Financially the 8% Fleishmann Company. 4414 leading producers are enormously ¢ Foundation Company. . 68% , strong. The balance sheet of one 8 —— Freeport-Texas 125 manufacturer, made public this week, i —. Gard Moty 8 shows cash and government securities Gardner Motol . in excess of all current labilities and 5 g 3 General American Tank... 46% no funded indebtedness. 23 -— General Asphalt 445 | + 10 United Fruit. § A 5 Mo Kan & Tex 1st 4s us,oq’“ 096, T 6% 6% a4 t4 A+t Fhd b bbb 4} #4 44| 1 106% Pennsylvania 6%4s 193 104 on the spot, 560 bales; to arriv 20% Feoria & Bastern Inc 4s 1990. P 198% | fow midaling, 32.12; middling, 34. 90% Pere Marquette 1st Ga 1850..... 92 8174 | E00d middling, 81 Blwgnl :tn “}- 2“1..; TRy B7% 88% “ ___.———c 60% Rio Grande Wastern clt 80k 60% ] & L 4148 1934. L TN Te 3 BUSINESS TOPICS SR&Q ¢ 2 > 734 | DETROIT, January 5 (Special).— 65%. 6634 & 665 | Building construction in 1923 totaled 80 81 $131,000,000, the highest total in th 1960. 58 . 81 | Gity’s nistory and 30 per cent above B1043.... 87w 59% | the banner year of 1920, Work for S §7% | which plans are being drawn (s suf- 397% Seaboard Air Line ret 4s 1959.. 47% 3% [ ficlent ‘to maintain the present rate 22% Seaboard Air Line adj bs 1949.. 434 of consiruction through the first six 50" Bonthera Paciie o g : m;'c‘;';o‘;. January 5 (Special).— 394 Southern Pacifie ref 92% | pewer concerns were incorporated in T4 Bouthern Bacifs col 86% [ Massachusetts in 1923 than in any 208 gour 831 | Matoihince 1018. The record shows o R Y e 5 | TR oy ot i R 100 Southern Rx dev 6 J 1015 102% 1025 1P ....--"‘e- shs"5%2 %2 - FEREEER, S8 B I e o T T s o U E R 3 P, N L s e e S & 81% meirs boiln stiaias Uemasipun UK 75 6 Kelsey Wheel.. ) “_"‘?’!'"5"9‘ tnel 634 Weat Sbore 38t 68 Mblussss snss . 7606 80 %