Evening Star Newspaper, January 7, 1924, Page 22

Steel Common's Rise Is Amn;.c:'-:.: " Explained. A“ Agr Chom. . SOUTHERN RAILWAY STRONG |Am :::?',':,',,'-- gtm I.a,dl l}axl ',\‘ungno mu 'e 0o pf.. ‘fll Car z Fay. Am Chain (A) Am Chicle Co, Am Cot O ctfa. .. Am CotOpf ctta Au Druge! and Crosses 41.. BY JART P, WEST. 3 al Dispaseh to The Stac, 2 & EW TORK, January 7.—Today's market_was s mixture of new and { eomewhat enthuslastic buying with i profit taking on & very large scale. gflfl Shares Again Oflme to l’hlt 3?1\«-“.!“.. { | | Am Express. Am&Forptwi Am H & Leath.. { During the greater part of the fime | the advancing tendency predominated. There were frequent galns of a point { to two points and & number of new i bigh prices were v The rise In stecl common above par was explained by the announcement er (n'the duy that'the usual sub- | Am Bafe Rasor. vear at $100. A year] s Sab& Com. £0 the offer price was $107, and over | 5, 00,000 shares were taken. 011 Shares A After nearly a W Am Linseed pf.. Am Loromotive. Am Metals. .... Am Radiator... Am Sugar.. Am Sugar pf. Am Sumatra 15_cents a the Bradford. se of a cent a ne were of no but An advance rrel in crude -6Ir . district aund a Am Tob pf (n).. Am Water Wks Am W W 6% pf. Am Wholesl pt.. Am Woolen. .. Am Woolen pf. . Am Writ Prpf.. | Am W Pr pt(otfs) Anaconds. Armour of Del p? Assets Ruol‘un oil !rnda was not lhroush wflh ite § recovery. The leaders in_ the oll group were Pacific Oil, ahove 50: General Asphalt, Phillips Petroleum, 2 h was up over a point, and Stan- ard Qi1 of California. Aonlh(’vn Railway retained the Jeadership it had held last week in the movement of the ralls. The buving of the stock was very 4petsistent. as_it pushed through 41 'he idea is that it is_discounting a 4-per cent dividend. Other members of the southern group were at times i demand, especially Atlantic Coast iine and St. Louls Southwestern. Wabash preferred “d,” which.is #ls inllne for dividends, was congpic: uously strong. New Haven was ac- tive at advancing prices, the street récalling that the president of the company has been quoted more than ogee in recent months to the effect that the road has turned the corner. The buving fnally spread to higher- priced ‘dividend payers. Baitimore and Ohio reached 60 anQ New York Central, AtchisonUnion -Eacific and the Northwestern shares were higher. Pool Pushes North. All&l‘l. North American's advapce was de-. séribed as a pool wpsrat ased bn {89 tact that, paying $2, the flock‘hla bpan returning# At arecknt -setling FRath 5tl 8% pf. . pfices 3 ver cent . Th Soitens Big e ng carned mpry’ than;fwo andia Br Em Stk24 DL, HAIL times over. Bliyn Edison, . Recent weakness in the Pan-Amer- | g3 By iy ima ietroleum issuce hus increased | SL TN b gy & dou the m! the street b * the doubt in ind of the stree BklynUnTG B Atchtson, { Atchison pf. Atlan Rir & A Atlanttc Frult, Atlantic Gulf wlawin Loco Baldwin Loc pf. balto & Ohlo. .. Barnesdall (A). Barpesdall (B). Bayuk Bros.... Beechnut Pack, Beth Steel.\i..0 Seth 8t) 7% (n).. whether the present annual §8 divi- adnis ure secure. Tha PatzAmericans were selling décidedly out of nd a reductign in the dividend disbursemant wootl T dot! Con: WETS Lnrprt\e 4IF Feauires approximately ::ht;,mso.. 040 a year to maintain the 5 aividend on the common stock. The | Butterick decline which hag occurred in_this | Caddo Ofl. guarter, onal interrup-.| Caiif Pack. tions, has been attributed to reports | Calif Petrol. of dwindling oil: Hp’plles inthe com- [-Gglif Petrol pf. pany's fields in Mexico. - |anaraczins, American Swgar Prospects.: ‘Galum Arls iThe publication.of the.1933 report cuuunru. . of the Americdi¥ -~ Sugar Hefining | Centfal Leatn Cobmpany is expected within the next | Cent Leath pf. several weeks and from best infor- | Gentury RibMiils. mation avalluble it is likely to make | Gerro de Pasco. & poor ehowing ' There will be heavy | Seriatn. Teed. write-offs for zFureN;xllon in connec: andler Mot. ttoh with the biz losses of 1920-21. [CREBEISE NG Nothing at all is likely to be shown | Che8aP f the common stock. Dividends | Chi & Alton. have not been paid on this issue in | CRI& Alton pf more than two vears, and in that |Chi& period the company has takén"Yhe | Chi Grt West' ... opportunity to strengthen its finan- | Chl G Great W pt. cial position. The outlook for 1924 |Chi M1 &BtP.. Allllflltlml'l.- : 6% Hu umnm'n.. 1 ‘ Int Agr Corp (n) 1 {InAl cwu 78% | Int . In cmwu B.. Int & Grt North. 0% | Int Harvester.. K -5" Gk, (4 8% ' Int Harvester pr 107 414 4K :K 8% 80 814 108 108" 108 107 109 108% 1081 109% 100% 100%, 187 167% mn 168% | 2% 3% 3 U, n 19 1% 1% 84% 884 i xo:v. wg% 96 96 | 1nt Mer Marine, ,nt M Marine pf. nt Nicke), & Int Nickel pt. int! Paper. Int Shoe pf. Intertype Corp, Iavinctble Ofl. , Iron Products, Iron Prod ctfs Kelly Sor Tire Kehy-bor 3o b elly-Spr Kelsoy Whee - re. Kinney G.R. Lo T & Rubbe; Lohigh Valley, . Lig }'"l! P oks., Mack Trucka 1st Mackay Cos.... Mackay Cos pf. Macy Co. Macy Co pl Mazma Coppe Mallinson & Co. $*anhat F1 Run, Manhattan Elev Manhatn ) guar Manhat 8hirt, , Maracaiho OIl, Market St Ry, .. Market 8t pf Market St prior. Marland Ofl, ,,, Martin.Parry. . i | Maxwall (A) Muxwell (B) May Dp Storq Vex Reaboard Miumi Coppe: Middle 8t Of. 4| Midvale Steel. Minn StP & SSNI. Vo Kan & Tex.. MoK & Tex pt. Mo Pacific. . Vo Pacific pf. Wontg'v Ward 124% 111% Munsingwear. Nat! Acme. . 4 | Nash Motors Nat Riscuit. - L ': Natl Ry of M 24. Nat Sumnlv. ... Nevada Copper. % | N Or Tox & Mex. 108 xy Alr Brk (A). _96% | ¥ ¥ Central. 5% | N Y C-Reade rts. 15% [NV CWM & RL L., 19 | NYNH&Harttd. NY O & Westrn. 2% | vort & Western ‘3 North Amer., s North Am pf < mg‘: North Pacific, 4714 | Ontario Stlver 147% | Orpheum Clreuf 16% | Otis-Elevator, a4y | OtiaSteet., .0 29% | Owens Bottle. .. 46% | pac Gan & Elec. 3°‘~ Pacific O1 b Pan-Am P (B) Penna Coal & C. Penneyivania. bha St 'Open. High. [] 5‘ m 1” 101 W, |UNIFORM STRENGTH l:-v RN IN BOND IMRKEI' ——— Low. xm uu Rurly All. l'.lhrty Tssues- Advance Fractionally at Upuiu of Week. A3% . 6. - RAILWAY LIENS m’fi“ New Offering Quickly Absorbed. Foreign Gronp Quiet. BY GEORGE T. HUGHES, peetal Dispatch fo Tho Star. NEW YORK, January 7.—~Uniform strength characterized the bond mar- ing. Not only the speculative and semi-speculative lssues found favor, { but those of investment grade shared In the improvement. Advances, naturally, were not so large’ in the highly conservative bonds, but they were sufficlent to Indicate that genuine investment buying was go- ing on.' Undoubtedly the market has been materially helped by the hold- ing back of s0 many new offerings Liberty Isawes Firm. All the Liberty issues were firm and most of them showed fractional advances. High grade savings bank railroad bonds sold at the -high of last w while those just below the legal class were for the-most part ltrofl{‘o As an example of the iatter St. Louis, Tron Mountatn and Southern, River and Guilf dlvision 48 may be taken. Those ran up a point on a single string of transac- tions. “Among the utllites the new American Telephone! and Telegraph dohenture 5338 made a new ' bigh. { “Speculative buyers showed the most interest in the tractions, Bropklyn Manhattan Transit 6és runnin up | over 74 to a new high, althoug! acting :Hil:ll) later. All the !n!br- borough id, Transit lasuss erers atrong, the Rolundluf more than a point. nltld mllwly Investment jis wero also well- bought. responding to the streng! 3% 3 61% 61% 4% 14% 2% 63 116% 116% % 6614 6% AT% 17% 815 59 60 s s 90 90 18% 18% 89% B 964 94T 108 65% 65% 61 67 118Y% 1318 833 28 0 42 88 54 424 424 2T% 284 10% 10% 38 38 6% 66% 864 56% 5% 2 52% 54n 144 154 89 8y 141 143 22% JIH 43% selling about 85. Railroad Bonds Advance. The rise in the junior raliroad bonds was more uniform, than on any | day in weeke. Generaily attention in {ssues of one _or two roads. Features were New York, Westchester and Botton 4o, Baltimore and Ohlo con- vertible 4145, St. Louls, San Francis- co incomes, Missour] Pacific 4s and Internstional Great Northern adjust- ments. In rallroad bonds of high- er grade Chicago and Eastern Ilinois 55 had a sharp run up. Trading in the lor..l(n bond. was not very active, but prices were Jfll‘m and generally higher. This was notably so of the French {ssues, | Where the recovemy In the exchanges s may have been a factor, Today's New Offerings. { Prompt sale was. roported of the $10,000,000 Lehigh Valley Harbor | Terminal 5s offered today at 953 | to yleld 5.3 per cent. The new mar- ket Street Rallway financing, it w. announced, wlill consist of $13,000.. 000 in i per cent first mortgage bond to be offered at par. COTTON PRICES GAIN 41 474 % 1025 108 8% A T T9% 16 16 1 175 | 103% 1044 224 23% 447, 45 63 53 ket at the start of the week's trad- |Bra: AFTER POOR OPENING {Good Spot Demand in Southwest]| Helps First Trading of Week. 194 | 141 9\' s 1914 141 5 the Ausoetatod Prees. NEW YORK, January 7.—The cot- % | ton market opened steady at & de- ¢line of 2 to 23 paints, owing to rela- tively easy Liverpool cables and some : ~ (Balea sre ia $1.008.) ' UllTlB STATES BONDS. ‘h% ra“unl mrx _-:eawu- oudt ’; e :““ LE L LR 28( lllO ?"l 61 mmoni‘n 8 102 lol 108 864 85% 86% sa.uu 7 D!fiu Lub llh 4 UBKs 1 ll. Amnu tria 78 Bordeaux Brasil o.—ann.-—us Chile §3 1936. Chile 88 1041. 4 on BBdaridan 00 3 Dutch East I 6 Qz Framerican7 81 1 99% Japanase.1st C'Ifi Japanese !d % Japane Jergen U Il Lyon 64. . Marseill Mexico bt Netheriands Norway Norway Norway 6s 1953 Orlent Dev deb this group has concentrated on the | S Ud Kingm 534537, 00 Uruguay 8 % 108% MISCKLLANEOUS, Am AgrChtm 7%se 20 98% 97 AmCottonOll 5s.. 8 87 Am SmIt&R 1t 66. 16 Ain Smit&R 6 Am Sug ref AmT & Tcv 6 AmT&Tcltrés.. 8- AmT&Tcltrds.. 22 92 Am T & Tdeb 5%3.152- Am Writ Paper és 5 & Anaconda cv db 7 Anaconda-1s 96% | Armour & Co 4% 9 Armour of Det ll/.- 16 Ass0 Ofl 85 rets. Atlantic Refin bi Brior H St 1st § Bklyn Edison 7s | Bush T Blag o’ Calif Pate 613 w i Central Leather b Cerra de Pasco 8. Con Coal M4 1at 5 ! Cuban-Am Sug 8s. Cuba Cane cv d Ba2. Cuba Cane cv 0 Dery (DG) Ts. Det Edison ref 6. Du Pantde N (%8 1074 978 | 10 104+ 8 107% 043 T J o -'::,:.':55 HELS 3 ¥, 3 & a8 §§’i*§‘-‘§ i gezeses B& O‘l‘oln‘ell“- z Bklyn-Manhat 6s. Canad Nonh I . ‘anad Pac, Ci Cair Clinch’ A 0 L Central Pacific 4s, c!m : ghla cv b&. B ] o f- ey y & {9 - ‘gfifi‘i § E-’-Ea-—fi b i§3§5§§s§§=§s CM & Puget 84 ¢s. Chi M &St P £t 4%0122 .- Ehl MasSt Fflil.. 222RE F3 4% 4% 'nu 4% 79% 4% 7% TI% 7% lOlK L101% 102%°102% 95% 95% | 6. 81 81 g s i 30% _ 39% 39% 5 62 5% 55% BB 85 7B 7% nden ds. 10 12% A . 4101% Cleve Term 6%s Del & Hd latrf do. 3 rm & Hudson 5%s, 2 Den & Rlo Gcn 4. 13 D& RGetrebs. FINANCIAL. Live Stock™ LOCAL WHOLESALE MARKET. Cold waather ‘in the west has not affested the local marlet. . Dealers o8y 1t would affect itif the cold spell lasted unususlly tong. ““Had the:present cold snap dcour- rld years ago,’ remarked a demler. s of eggy would have hku a bu! l‘l‘é llme has &y prices con-mutad the ng ‘change. in -today's ‘hickens and poultry Drloel rm!ma the same.as last week, and chutte in® the price of eggs was ve illelcfly tresn, selected, can- ' nl&n‘ 45246; average receipts, -Ropaters, per b, 16; 28; spring _chicke ; ieats, youns, oach, v 1b —\"nth killed spring 3 ja35; roasters, 3"ua hens. per 1b., 30233} ’%er 1bi, 30a35; keats, Young roosters, per 1b. 20, e—Rabbits; o, gl BT doen. edium. 3 cholme. per ]Lh per 1lal ., per > 310 Lambor speink ek Th 15, LIve ggz-. 3.0025.06 each: iive hog# per ib., Green frufts—Apples, per basket. 5082.00; - box, ~1,5083.00; per basrel zoouoo. Cualifornia - oranges, grate. 3.505.25; Florids, 3.60ad. %56, mons, ue- hox, 3.5084,50. Grape- fruit, o0as.50. "c?ape;m.b 5.008 ohis Balf P rapes, cmrorm. Fomberos, 18003 P Vegetables—Potatoes, nearby, hhol&, No. 1 Hon.oo No. 2, Potatoes, - round, - per 2.7123:00; ‘wweet potatose: 6.0068.00 per Bbl. Southern lettuce, per crate, 1.002.00: Ieaberg. 2.50a3.25. Cabbage. nnru‘xeo;n. per 100 nearby, 1.00a %30 Bbl. ~ Tomatoes, rimdn” 00us.00. Beans, southern, per per I 50-. 6114 Peas, e 82% 82 81% 814 :B8%. BB% mm 100% - 59% 61% i Louls & Nash Louis & Nash Louis & N be 200 Manhat Ry cn 4 Market St cn 5s.,. 252 Mil EI Ry & Liss.. 11. M StP & SSMen 4s 107 MK & T 1stds.... 16, K&TprinisA 44 ir MK&TEsC. 66" _'§§§§§§§§=§§“§§ H BBpabunens a3 i Mo Pacific 58 | Mo Pacific gn | N ¥ Cen deb 6 INYCendebde.... NYGentrige.... N Y Centen 48 {New Haven 7s.... i New Haven 7a fr., N Y Ry rf ds ctfs New York Ry aj ba % 81'0 107% 81% 108 rn rigern Pac bs D. |m Gre Short Liref 4. {Ore-Wash 1st rf 4s | Pennsyl gen Be. ... Pennlyl gen ‘W- Pennsyl 6%s. Pennsyl gold 7s.., Pore Marq 1st6s.. QB'- Per -bbL. 1.1682.00. ‘nach, per- bbl 0a3.50. _Bouthern cucumbers, per bushel, 4.505.00. Car- rots, 100-1b, ncx. 2.2623.50. -Bruseels sprouts, 223;a2 GRAIN AND PROVISIONS. 3:|bank of Chicago. 2.50; bean: i bee: 1n0 3.00a5.00. bushel, - 50a35; brussels sprouts, ?"5"..”'2‘:, oabbiay 0 oaket, 1358 s yor, Dyenel. abads; carrots, 100, 4.0025.00; caulifiower, ba 2.00a3.0 ler; S o0at 30 4.50; lott: 100 * pound 100, 6.00a7.: q crate, 1. tomatoes, crate, 2.50a4.50; turnips, bushel, 35a40. Apples. packed, barrel, 2.0084.50 1, 80a1.25: loose, 100 po\mfll l!Shbox npnle-. 1,50a2.26; cran. arre box, ineapples; crare, Ties, quart, 3| . Settling Prices om Gratm. “hu(—Nc eotktidng: M icky, domnllc. quotgtion; No. o ooots e quotatton; R spot, no red 584 (990 6.0009.00; gra petrutt, ranges. box. 2.00 S o0as 05 stsaw. (Grain, Produce and GUARANTY COMPANY SENDS OUT DIVIDENDS Beosntly Organiced Firm Makes Its First Disbursement to -Stockholders. NEW COMPANY IN BERWYN Bank Deposits in Washington Are ¢ Df‘uppointing. The Real ‘- Estate Wur!xuo and Guaranty Corporation, which was or- £anized July 15 last, sent out its firet semi-annual dividend checks to its stockholders today. The semi-annua! 4 per cent'cumulative interest was Pald on the.8 per cent preferred stocic #nd 2180 a I per cent dividend on the ‘common stock: to; its stockholders ot with $150.000, ct{:mnd and in the aubur reTcord asg of December 31, 1823. he annual report shows a. prosper- ous condition, . the total " apecis amounting to about §750,000; the dis- * oounts and surplus_ at the' close of business’ December $1, 1923, $95,000. Berwya's New Investment Firm. The Bérwyr Investment Company, Sspitalisation, has been s pow dealing In real T’ On properties located section of Marviand €nt to the District lin \nThe company was Oighnized under the laws of Delaware and will main- tain an office tn Wilmington in addi- tion ig the one at Berwyn. M. T. May 18 pregiodent of the new company, and is assisted by Dr. A. O. Etienne and Henry 'J. Biorman, re- #pective vice presidents; G. P. Bick- ford, secretary-treasurer and Arthur C. Keeter, attorney. The directo: inéludes Dr. W. Allen Griffith, Wil- lllm Altchllon E. J.. Wilhgite, Jo! Kieiner, B. Gahan, ‘Dr. N. ucDonnell lnd Ralph E. Potter. The purpose of the new compan to mest TNeéds of eonstruction eets in ‘Maryland to- which the Jority ‘of :District agencies are aversec dn& to reltrlctlon of interest rates in te trust’ pa w.rdu on Spirions Note. The Treasury Depsrtment is send- ing out a warning against a counter- feit 35 Federal Reseérve note on .the This ~ counterfelt s appare: printed from photomechaniee] pl:g: of amateurish workmanehip. aper has no siik. threads tn it ot T,he ponntz of and s blotched . _The seal is green The lathe wark is broken and poorly exeonted. The let- terlnl of lhe thin inscription in lhc ll_‘!lhpllde down. P Tee pan e counterfeit s readil: dtmtad by the p&n!t of Lincoln. y -" MeLachlen Portratt in Bank. A remarkable -likeness of ‘the lfate Archibald M. McLach] uu‘lflod by !’rlnl"n B. Clark, hae been presented the SlcLachien Blnkin( Corporation by the widow of the deceased. Mr. )mhchlen founded the Mc- Lachlen: Banking Corporation, snd His painting has been fittingly hung in (he office of the: institution's presi- dent, .which he occupled for many years. Company Votes Dividend. The regular dividend and a stock winter. €articky, spot, no quotation. {disbursement of 50 per cent has been Bales—None. . Corn—Cob, new, 4,0024.10, for yel- ow _and 385a3.90 per barrel "for No.. 2 corn, spot, 87; 4% trac o. witter new. 532533 Rye-—Nearby, 70883; rye, ‘.;—malpu, 128 tons. For top grades of timothy or [light ctmer mixed the hay ‘market-is firm, as quotad, with receipts of good hay Tight, 'There is a fair demand for tho bettor grades of timothy, light| clover mixed and strictly No. I clover. 1 timethy, 27.50 No. 2 .cenmcsxcs ot clover, 24.00a25.00. eclared by the Maryland Home Title Iiffurance” Company, successors tc Hyattaville and Mariboro Titls Gorn. 3 pany, president O. B. Zantzinger an- No. corn yellow, 90. white, 54834%; No. 3, nounced -this morning. Officers. elected for the ensuing vear comprise O. B. Zantzinger, president; Frederick -Sasscer and Dr.' Charies A Wells, vice presidents; T. treasurer, and 8. Marvin Peach, sec retary, iThese oficers, together with eorge W. Waters, and Ju more Beall, conatitate the direstorate. Treasiiry Finsncing Plans. ‘Chiless market conditions shape u h\onhly Tor a fong-term loan, the ru‘ury sDepartment’s _borrowinge s Vvear ‘are sxpected to be limited w the ueual guarterly lssuances of btedness in aatic! ymments. Adoption of on program may,’ how - pation of fa the tux reduct Duquesane Light 65 6 ug Ths. 20 March sold off to | Empire G&F T35, Fisk Rubber ... Pere Marquette. ssems to afford interested persons cuuuuu’pl o Fhiladeiphia Co.. fresh hope. TheXmpredigt- r"um?‘lnn Chi & Northwn. of dividends on the Gomms Ghi Preu Tool. . o, 24.00a | tver, lead to the imauguration of o 3 ey e g;‘fi,g new 'financial policy. , The twelve federal land banks are expected to come fnto the market fo: | further liquidation by local traders or | kst Cuba S commiseion houses. Straw—! 1 Fi 85.00 per to: 61 02‘1 § 108 the next two kears® : S lchRl&Pevt International Paper at New Top. g:,g;:’pl.‘e 2 International Paper goto thehigh-|ChiR P est it has touched In‘the upward |EhiSIP M & O movement, and {te rise was accom- { Chile Copper panied by a reiteration of estimates | Chino Copper- that 1923 earnings will show a net{Gluett Peabody amounting to around $5 per share. Pby pt. The afternoon market took its oue from-the-continued-strength of steel | common above par and from the uk. ~ing—up-of-other leaders-4Hee-Bald Locomottvee Studesaiar .and e can Can. which had been hanging be- Lind. The rise in American Can was le,because of. the. case-| Comp Tabulat. - S accomplished. The | Congoleum Co. relative f offerings was | Cons CIg8?- - made mpuch of by those who have been comparing «ll_slong the move with'| that in Corn Products. “Accompanving = Studebaker, other mblor shares fell intg line. Joodvear preterfpd rose over Lwo points lowing the junp in U. & f Bber 3iry preferred, MARKET CLOSES FIRM. Bullish Entbusisem Dampened in o Late Trading. Dy theskizsociated Prese, NEW. YORK, January 7.—Excepting some of the olls and tobaccos, stock prices moved upward in today's active séssion on speculative expecfation. of reduced taxes and favorahle: trade and dividend developments, mated 1,250,000 shares. Ka The closing was firm. Active sell- ing of Mariand and the.PansAmeriv| «an issues dampened bllph iy enthysis’ asm somewhat in th dealings, lthough several speciattics Continue: ed to show marked bouyaney, WALL SIHEET NOTES. Lehigh Valley $10,000,000.Bond Tssue on Markgt. .| Fl NEW YORK, January:7--An issaef’ 2f_$10.000,000 thirtyoyesr & pap cent firet mortgagc old bonds .of . Lehigh Valley Harbor Terminal walls way Company was offered for public subscription today at 951, to yield | 3% 5.50 per cent. The bonds béar'the un- conditional guarantee of the high ‘Valley rallroad. T Gold , exports 1rem Eh; week were 2,098.7 prget e R §° signed to the Unite 3 Investment bankers prof ciderabje” nterost in tho oWy de- vised surety instrument whereby in-|{ veetors may have the interest and Continen! Counden & Co...o Kmerson Emsrson<B pt. .. Eulvnu..lchn . cussion some Years gl Ganed b this thme 1t'te unde , the strety companies have per! thelr plans and have begun solicita- tion of this form of business. e | ‘RATE ORDERS UPHELD.,, Gurtansiee’ 7 Drders of the Interstate Commerce C:gmmission axtonmnf tosBuffalo lnd Teross, Wio. ket rat Jumber maintained to more d polnte wers sustained today b{ .supr'me Court in a case brought the Wyoming Railroad Company to have the orders sot aside. s U e e—— HEADS GRAIN EXCRANGE. CHIICAGO, January 7.—Frank L. Corn Products. . 1!:% IUI Rallway 811 8p,. Ry St1Sprpf... Ray Con Copper Reading. . (o Reading rts,. . o84 88% “3 lfll HB 11‘:,‘ .W 20 8% . 8% 8l leu!.lnnl.‘ykn. baker. o su‘mrlnfl Swests Co.otA. . Tenn Q-m By L: Gaie i, "“ & Pacific, e Tox B FCHON. 10% ‘!‘llrd AvVeDye.. . 23% ” 93% " 20% Water O fi&' i s 8 B, 8 8 bacco A 68% _ BRK 68 55 Trans Coat Oil, . ‘- 284 Tranave & Will; li’A 1% 1% li‘fi Underwood. ’li;{ qu Pac bt “52 | 'Un Tank Car. 3% Uumucnd" 100w 108 1074 m UnAl A United Carey, 8 leader In the grain trade for mglg;:fi?l X many years. :oday ‘was elected pres!. dent ‘of Ve Chigago” Bee¥d of T r\mcud% Johh -7 ream. 1 Co., waa elnoted vice nudmt of the bosgd-without opposition, _._____ t". lu lll 188 m 1w 1 34.45 at the start and May to 34.70, 4| but Liverpool firmed up while the opening call here was in progress, anad prices here rallied on covering and trade buying. March sold' up to 34.65 within the first half hour and | May ta 34.90, or about 10 to 12 points net higher. The advance was accompanied by reports of a southwest - Bri the early deciine in Liverpool to lack of buying power and the unsettling iufluenc. of British political condi- jona. % . 565 6N 118% 118% B5)p 56% 88 284 Evening<Up Coatrycts. NEW ORLEANS, January cables caused a-drop of 13 (o 21 points in the price of cotton In the early trading here today, but soon after t! encnh\g new buying entered !IIC mlr kot o Tather extensive scale and nd of the To lifted 7 to 5 points over the close of lll! weoek. ireh fall off to 34. d reacted to 34.83; Oc tober !oll eo 31 83 :nd \hon Tose to 27.95 u pound. Some appeared to be due to ennlnfln the shord aide because of the ho d here tomorrow {n observance of tht anniversary of the battle of New 8% | Orleans, 107 109 ll( 1 77‘- L lvat. modarate bus rices, bi 1 ad ".ood ml«llnl. lo 31 T4; mld lu oding " .60 v 1 ’%‘-‘}"n"'.‘m 10.40 u » 178 e .80% l H uly, 1 Peptember, 9. ber, '16.43; December, 16, 01 an (1928), 1 ‘ J \ury 810000000 OUTLAY PLANNED. NEW_O - T th ong“aoa.:omlng Je‘u'.}’!:gslé&l::n‘(“lt @ Suhdinas. tals, sotole nd fegpangss satgy s; Segasyys satst 58 | o 23 H . =3 £ 35~ E uuuuum,m 25 3 = geayirasgs. 81 gyesfunse g '3 o 3| 3 LoD TR 3= £ &/ & 1] o : wmumu Sen Elec deb bs... Jeodrich 6%48. . Goodyear 8s 1931. Goodyear S8 1941, Hershey 68 1942... Humble O&R 5%s. 10 98 Olinois Beil Ist 55. 6 94% int Mer Marine 8s. 22 80% l&“‘ 3 102 cP Kally-lprln 3 Lackawa 8 -7.—Poor | pia. Ofl 83§ Bnluu Petrol 84, first hur hour ! l!nm unm-u:o uz 4% Nat Tube It § New Eng Eden f the blv'll L2 ¢ '-'n.fz‘o'-"p‘o‘-f b or . Nor States Pow §s, Northwst B Te T Otis Bteel 35’ . B 4 197108 3 10T 1 9h "K: 204 T4% 84 g o 60 !8“ k{3 8% w P b b b K 2 nRONE 3 quReRRrRe 8 ) 2% L b’.' PR duannna 82 o £ 5 1% L 9% 86% 84 °8% 044 lofl 8% 7 C0% nu 74 | U 101% 10 301 - 107% 100 Ba. West Shore 1at 45, 91 A Whel 8LE vt 4145, .1-:-1- Blat 5 97N 9115 87N 20 84 83% SSK W .... . 65£3 59 80 =34 OB 50 €I 40 O 4 = 0D, Ol 25 339552 R = 3 22533 F FEas lm 87 i 95 - 2. FF a5 Youngstn 8 & T 65.160 BANK FARNINGS HRIGHER, NEW YORK, Janusry 7.—Interest arninge by the banks in 1923 aver- ed close to_ong:half of 1 per cent sbove the rate of the preceding year, [“Thig coincided with lap earnings for the year as & whola by invests ment ‘banking departmentt the: record. unusually tavor NEW EXQHANGE MEMBERS. . EW YORK, January 7~—Announge- "35" 15 mads b T P 14 3 & le, vel.. The ;nre\\umr pQWer of: the dvunhm lus PrE-w e'nu . Crumps :index number, 1861, Trving Fisher: 'ru. |evanomm Announges, e ‘REDISCOUNT RATE FIRM: NEW YORK, January 7.—Bankers 55 here do net snticipate " sny’ early t the ent ly w'll Jaotationer rm——— uvz POULTRY HIGHER. enicAao, Tl vltr:r—' ?:g.'r::!?:n 145 geose, 1 }1 Qua‘ e, IW mmw!mr mflvmmi ln\u :l m% %“w el u:fi'?u,gu . um umr e I’Aul anhn 7. —--r:(m were “"ru‘rr cent ultu. B¢ fran: u?b::n on’ Mm 5% lunu o Hvo,ll’ cent lofi. % (ruu 10 oene 4ol ! 1 " “nuq:' was quoted l\ ! lrue- TODAY'S. !mn PRICES, - ter; ‘ufe :::1"2; w’f"flm'a.:: ‘Em.:h; it 4Tadh1 “Wn‘.. 1 ll"" Egl i avel i re| \lna with e::n‘ (3 594 mb«ltan-nnun Oatr 6% fat W T4s4 | 816.00; No. I Sheat. 1H00a14.00; No. 1 oats, 14.00a16.00. TODAY'S CHICAGO PRICES. CHICAGO, Janusry 7.—It took but little buyin, kot upwi today. With lecrpool wheat quotations "higher and- with sterling, francs and lirg all showing ll'l advance. ldlerl of' wheat her: ere, cautioul s from Kan. this season the. stock: in store time _this M" o nged 9' her, | .ol% to nm lnd July 1. a ht reaction. Preflt-nxln. sal epsag 5% | 1ay City said recelpte thare were in- | prepar ing 74% | adequate, .and that for about the first | stockholders tomarrow. $50,000.000 ‘ to §75,009,000 within the next two months. = Bankers belicve that they will be able to borrow at least as cheaply Bs upon the occa- to start the wheat mar-igion of their last loan. Union Trust Directors (o Meet. Directors of thé Union Trust Con will hold a preliminary meeting ate this afternoon for the purpose of thelr annual statement to The {nstitution has enjoved a pros- erous vear, hating maintained its egular 6 psr cent annual disburse- maent,-in addition to extra dividends of 2-per cent. the same time the At old down the | undivided profita of ‘the bsnk Rave oorn market. Trade was mostly in|increased to the exteat. of approxi- amal] lots and country offerings light, | mately §40,000. considering that the weather Was favorable for’ enlarged movement of the crop. After ovomn' n 3 lower !b K h gher, May 7 78%, pri led a little bllu' Saturda; T AT e R o o mm-.i °8-m to higher quotations on hoy rovisions, slthough dull, DAIRY '“BIJUI'I- BALTIMORE, Md., January 7 (Spe- ¢ial).~Live poultry—=Turkevs. pnuna. joa30; ng 20a87; horns; 20833; ol g Sm; 21a28; geese, 2 nl. :r palr, 36840} guinea fowl a Dr 20833; 16817 igeons l’. each, pound, roosters, 4 nearby southern, 40, Egss. first, dozen, 42 Bu t-r—Crumer ‘ood to flney. prin earby cream- .ry. 1:-« 1adl l\ Mnll. rolls, 23a32; dairy prints, CHICAGO LIVE' uqa(. MARKET. CHICAGO. ~Janu Htates Dopartment e! A:rlcul —5\ ipts, 43.0 head: slow heav vellhg sdium about 10 h “mm}mu—. '43-1 {n 940 ana. 3 ’go pound butchers, rflvm 150 to 0a7,80; packing .fl,h. ter pigs strong; weighty kind: i) 00 b : fair- p Il o 10,008 yéarlings, 11.75; s in mra lr:uve demand p.enn. b okine Spwerd ““ ‘dna '!c"dtrl. strong u 0! er o045t 0951 n.ono nd mrlv nrufl?{\nw %muu-l. ,.!'l ady; bulk d and cholc ambs carly 13.50 m‘lh cholce u{:‘.-u, 825;’ good yeariings, wethers, 11.25. ————— " Honk! Homk! Fiom the Hackencack Recerd. Fivery yeay 1o 198D yoar for the oo " gestrian. wore a1 t-] l a6.381 h}\k e e Bank Deposits llll’hthull cal bahkers goneraily canpmr thet d(Dvlfll here are not keeping ace lwuh the increasing number of epoaits Imost without excéption the de- posit line of local institutions shows satisfactory gains for ths year, but thie is reflected Dn]y in.a. sominal in- ednueu'or 00 .In¢ o -;mulih;n the* eposits a8 womparee w oy~ responding period of- last year. In one instance n increase of 781 dapuhon brouc abouy gain in of but 5100.'700. in another un xncreua 0f 400 customere resulted in a loss of approximately $20,000 in de¥0e115 the only llul‘lor. lpp‘sll'i tly, s customers' * aversion 6 mone: which Tosulted in a-banmer o to sellers. of -uurltm. ln this: the depositor. is/ wided DY (&8 Sngreoe- dented mymber of local éalum- who thoroughly” comb the city. ¥ Wil :Address .lm“ Clase. " tnb Tiverts Necme Bank e Wfll ture to the elementary bgn &l of Washington Chapter,: Amcr?{ nfl’ stitute of Banking, tomorrcw night aaih® Subject ot MoQuade's ad- dress will "'rhe r.donl Reserve Eylt-mr icate and far-reach- ing lorc whlun ll understood by but a deplorable fow. FOREIGN: EXCHANGE, (Quotagions furalabed by W. B. Hibbs & C omisal Belling TRome, re 28a | Zyrlch, franc Athens, ‘drac! e lmnel'q. Sy l.v the Amm Fress. Jl}rl: January. I—Jm; n Uulm Btauu lar, ‘Quntluol aived Blatea doliese)i: . ‘i{ - ain, de cab] 60-day:bi m"."on bn\‘: un? “r (YR8 e demand, um. deinsgd, u.blu. mand, -l MOI\ m'k- Hné Switzerian : .fl 300, mgooneu o ! Jugosiavi: u:%‘u" 0’0*‘4 000014, 200. MTB& OF BAR SILVER; - LONDON,~ Juituary . T.~Bar ¢ cum— $311-18 ‘pence per ounces Motiey, 13 per cent. ? “ Discount rates—Short bills, 216.16 33338 per_cent; thréermonth -bifia, v cenf YORK, J sk Mastoan dotern BT e, \J