Evening Star Newspaper, January 10, 1924, Page 28

T8 PN EIN RAILROAD STOCKS AGAIN TAKE LEAD Chesapeake and Ohio Among " Stronger Shares During Today's Session. NEW HAVEN ISSUES RISE Steel Common Advances on Un- filled Tonnage Report. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, January 10.—Rail- way shares continued today to occupy the center of the stage in the stock market. No attention was paid to the election of the new Senate com- merce committee head. The campaign in the rails went right along just as if nothing of the sort had happened. Chesapeake and Ohio was bought on the report that the road was to be merged with Nickel Plate, but the market for the Eries appeared to have got over for the time being at least, its enthuslasm over the idea of this merger eventual- ly including the Erie properties. St. Paul stocks joined in the rise of the bonds which followed the success of the new $14.000,000 ten-year issue. New Haven was actively bought above 20, and Wabash preferred “A" sold at a new high above 39, There were notable advances in Rock Is- 1and and in Missour| Pacific preferred. Among the higher priced dividend payers Atchison, Southern Pacific and Reading reached the best figures they have touched in some time. Oil Stocks Rather Quiet. Oil stocks were not particularly responsive to the further price ad- vances in the Pennsylvania field. There was a little spurt in Maryland and In Producers and Refiners. Pure ©Oil sold above 24 again. The pres- sure against the Pan-Americans was not renewed. But as a group the oils were not prominent as they were all last month. A further moderate rise occurred in the rubber and tire shares on the theory that they had not had an ad- vance proportionately to that in the motors and motor supply Issues Goodyear preferred was up over a point. Steel Common Takes Léad. Steel common took the lead in the early afternoon, when the monthly tonnage figures showed an Increase in orders on hand, where a decrease had been looked for. The stock drew across par again on large transac- tions, and interest was revived in other steel shares, which had been doing nothing in the market for sev- eral day The street felt sure that the tonnage statement meant a defi- nite turn and that from now on new business would steadily expand. General Cigar was bought in_ ex- pectation of an increase in the divi- | dend from the present $6 to 3. Ameri van Hide and Leather preferred was in demand on the story first printed here that plans were under way ta pay off some of the back dividend ac cumulations. Postum Cereal appeared to have discounted the increase in the dividend from a $3 to $4 basis, an- nounced today. Corn Products made = new high in honor of the first ap- pearance on the stock exchange of the new shares salling at the ratio of 5 to 1. It was another day on the stock exchange precisely like those which had gone before it. On a very large turnover, the advance continued in parts of the list, while speculative profit-taking was making itself felt in other parts. Utllitles Get Attention. Attention was drawn to_the public utility group, especially Philadelphia Company and North American, by the 1pbidding of these stocks to their best prices for the current move- ment. Crossing 45, Philadelphia Company was reflecting further the improvement in earnings and the likelihood that the 1923 report would <how an _increase of $1,000,000 to £1,500,000 ‘in combined net income. North American’s rise represented buying based on similar considera- tions—that {s, the malntenance of & satisfactory earning capacity, after all charges and preferred dividend Tequirements. sufficient to leave a balance estimated at from $5 to $6 for_the common stack. The advance in Iron Products fitted in with bullish estimates of the 1923 earnings. There is talk of $15 a share on the common during 1923. The company has reduced its indebtedness materfally in the past year and the full retirement of the preferred stock is a matter of gossip in the street. CLOSING IS IRREGULAR. By the Associated Press. NEW YORK, January 10.—Stock prices continued their movement to higher ground in today’s active stock market despite heavy profit taking and bear selling in various sections of the list. Bullish operations were encouraged by the increase in the un- filled tonnage of the U. S. Steel Cor- poration, breaking of the deadlock over the chairmanship of the inter- state commerce committee of the Sen- ate, high lead and eastern crude oil prices and lower money rates. Sales approximated 1,300,000 shares. The closing was irregular. Inde- pendent steels, Remington Typewriter and American Wool were in brisk demand in the late dealings, but fresh selling broke out in some of the oils, ‘motors and tobaccos. TODAY’S COTTON PRICES. NEW YORK, January 10.—There was only a very moderate volume of ‘business in the cotton market during today's early trading, but prices vuled generally steady on the better tone of the late Liverpool cables, re- ports that further sales of spot cot- ton had been made out of the local stock, covering and_a little buying for trade account. The opening was steady at a decline of two points to an advance of ten points, with Jan- uary relatively easy on reports that notices representing about 1,600 bales had been issued. NEW ORLEANS, January 10.—Ad- vances of 19 to 25 points were made by cotton in the first half hour of the sesslon today, March rising to 34.97 cents a pound and October to 28.10. Turther claims of good spot demand in the interior appeared to be back of the demand for contracts. Wet weather was regarded s unfavorable for the new crop because of the re- sulting delay to plowing and this made October the strongest month in the early trading. NEW YORK, January 10.—Cotton futures, 11:45 am. bids: Steady; Jan- uary, 34.55; March, 34.91; May, 35.02; .92; October, 28.50. . NEW ORLEANS, January 10.—Cot- ton futures, noon bids—Steady; Janu- ary, 34.54; March, 34,76; May, 34.57; July, 33.72; October, 27.98. EX-DIVIDEND TABLE. . l!l.lln% a. + Meta) onst £ A g, pf.. a. Am. Shipbuliaos Co, pr.. 4. Appalachisn Power ist pf., q. Austin, Nichols & Co., DL.. q. Carolina Pr. & Lt., q. ohl. Poeumatic ool n iy 4% 1% % % b B 150 100 1%% 2% i%e l.'}’ Int. Shoe Co. Louisville & Moon Motor Car, Naul. Dept. Packard Motor Car, q.; Pub. Serv. (N. TiL.), $100 par.'q Eub. Serv. (N. Il 1o par. L), Pub. Serv. ). ot ANCIAL) Adams Express. Adv Rumley pf. Alr Reduction. Ajax Rubber Alaska Gold Allled Che Allls Chalm Allis Chalm pf. Am Agr Chem Am Ag Chm pt.. Am Bank Note Am Beet Sugar. Am Brake Sho Am Br Shoe pf Am Bosch., Am Can Am Can pf. Am Car & Fdy Am Chain (A) Am Chicle Co. AmCotOctfs. .. Am CotOpf ctfs. Am Druggist. Am Expres: Am & Forpf w1 Am H & Leath.. Am H & Lea pf.. Am Ice. | Am Inte: Am La France. . Am Linseed. .... Am Linseed pf.. Am Locomotive. Am Loco pf. Am Radlator. Am Safe Razor. Am Ship & Com. Am Smelting: Am Smelt pf Am Steel Fdy. Am Sugar. Am Sugar pf Am Sumatra. Am Sumatra pf. Am Tel & Teleg. Am Tobac (B).. Am Tob pf (n).. Am Water Wka. Am W W 6% pt. Am Woolen. ... Am Woolen pt Am Writ Prpt.. Am Zine & Lead Am Zinc&Ld pf. Anaconda. . Armour of Del pt Asso DG 2d pf.. Assoclated Oll Atchison. . Atchison pf..... Atlan Bir & Atl. Atlan Cst Line.. Atlantic Fruit Atl Fruit stf: Atlantic Gulf. At] Gulf pt. Atlantic Ref. ... { Atl Refining pf.. Atlas Powder. .. Atlas Tack. Austin Nichols. Paldwin Loco... Balto & Ohlo. ... Balto & Ohfo pf. Bangor & Ar pf. | Burnesdall (A). | Beechnut Pack. | Beth Steel...... | Beth Stl 7%(n)... Booth Fish..... | Booth F 1st pf. . | Br Em Stl 24 pf. Bkiyn Edison. .. rklyn-Man Tr. Brkln-Man T pf. Bklyn Un Gas Brown Shoe Brunswk Term. | Buff Reh &Pitts. Burns Bros (B). Eutte Copper. Butte & Super. . Caddo Oll. Callf Petrol. Callaban Zine. Calumet & Aris. { Calumet & Hecls | Canadian Pac... i Case Plow Wks. { Centrai Leatn Cent Leath pf... Cerro de Pasco. Certain-Teed. .. Chandler Mot... Chesap & Ohio... Ches & Ohio pt Chi & Alton..... Chi & Alton pf. { Chi & East 111 Chi & E 1l pf. Chi Grt West... Chi Great W pf. ChiMil&StP.. Chi Mil &St P pt Chi & NortEwn. Chi & Nwn pf... <hiRI& Pac... ChRI& P 6% nt Chi R 1&P 7%pf. Chi StP M &0 Chile Copper. Chino Coppe! Coca-Cola. Colo Fuel. Colo & South, | Columba Gas | Columbn Carbon Com Solv (A) Com Solv (B) Congoleum Co. Cons Cigar. Cons Cigar pf Cons Gas of NY. Cons Textile, Cont Can. Cont Insurance. Continental Mot Corn Products. . Corn Prod(ne Cosden & Co Crucible Steel.. Cuban-Am Sug. Cuba Cane Sug. Cuba Cane Spf.. Cuban Dom’can. Cuban Dom pf.. Cuyamel Fruit. Davison Chem. . Deere Co pf. Detroit Edison. Dome Minet . Douglss Corpn. Dugont (BD... Du S8 &2Atl pf. Duquesne 1st pf. Eastman Kodalk Eaton Axle &Sp. Elk Horn Coal.. Elkh'n Coal Bf. . Emerson Brant. Emerson-B pf Endicott-John. . Endicott-J pf... Erle Erie 1st pf Erie 24 pt. Famous Players Famous Play pf. Fed Mines &S. .. | Fa Mines &S pf. i Fifth Ave Bus. . Fisher Body. ... Fisher Bof O pf. Fisk Rubber. Fleishman. Freeport Texas. Gardner Motor. Gen Asphalt Gen Asphalt pf. Gen Clgar. Gen Electric. Gen Elecspl.... Motors. Motors pf. . Gen Mot 6% d Gimbel Bros. ... Gimbel Bros pf. Gen Refractories. Glidden.... Goldwin Corp. Goodrich. .. Goodyearpr pf. Granby Consol. Gray & Davis. Gt Northern pt. Great Nor Ore. Greene-Canan. . Guantana Sug.. Gulf Mo & Nor.. Gulf M & Nor pf. Gulf St Steel.... Harbishaw Cab. Hartman Corp.. Open. High. 76 364 % 9 a 73% 49% 93% 15% 47% . 102 42% 804 108 36% 108% . 109 161 28 19 12% 36% 6 101 964 10% 544 88 24% 12% 21% 89% 754 119 150% T 15% 4l 100% 26 69% 82 19% 76 26% 25 85% 51% 44% 37 98 133 19% % 63% T 58 92% 7% 158% 32% 354 67 33% 15 624 7 48% 2% 641 76 108 112 107% 19% 11 131% 4% 103 110% 24 12% 23% 3 14% 67% 118% 25% 33% 20% _ 0% 814 9% 44 12 167% 98% 9% 49% 18% 6 43 3% 96 197% 10% 16% 824% 82 50% 100% 52% 8% 11% 25% 1 46% 20 15% 8 76 36% 73 104 ) 8% 49% 94 15% 47% 102 42% 80% 108 37 108% 109 166 23 19 12% 36% 6 101 964 10% 55% 88 24% 12% 218 89% 75% 119 101% 67 147% 60%% 97% 38% 57 9T% 28% 67 128% 149 102% 42% 674 8% 101% 3 9% 324 a8 2% 1% 28% 89 874 2% 115 1% 1% 164% 13% 128% 117% 53 10% 29 60% 59% 89 15% 56% 85 1% 424 16% 115% 14% 51 121% 53 2 b3 24 6 18% 2% 254" 6% 46 19% 150% 1% 1574 42% 4T 35 63% 754 99% 5% 12% 26% 51 5% 18% 18% 28 517 100% 27h 69% 82 31 2% 19% 76Tx 27% 26 85 51% 44% 87 98 65 19% 6% 63% 7% 58% 924 % 161 32% 35% 68 34 15% 63% 7 49% 2% 67% 76 108 1z 108% 4 103 12% 238% 3 14% 67% 113% 26 34 29% 0% 91% 9% 44 12 167% 98% 10% 49% 13% 6% 43 8% 97% 199% 11 15% 82% 82 51% 100% 52% 9% 11% 26% % 4T% 90% 15% 8% 58% 30 16% 6% 16% 56% 85% 1% 43% 48% 83% 69% 28% 1% Low. Close. 76 76 86% 86k THE EVENING Hupp rights. ... | Hydraulic 8t1 7L 72% | ylinots Central. 8% diahom IndianMotorcyel 714 T1% 48% 48% 931, 94 15% 15% 43% 48% 102 102 42 43 8013 80% 108 108 36% 87 107% 1073 109 109 164 166 227 22% 18% 18% 12 124 86% 86% 6 6 101 101 961 964 10% 10% B4 54 8% 8% 237% 23% 12 12 21 21% 88% 38% 74% 4% 19 119 100% 100% 6% 6% 14% 14% 60 60% 97% 9Tk 38 384 56% 57 7% 9T% 27 27% 67 67 128 128% 149 149 102% 102% 424 42% 661 6634 6% 78 101% 101% 3 3 9% 31% 27% 38% 921 924 1% 91k 281 284 984 8% 8% 874 2% 24 1147 114% B 1% 1% 1% 16 16! 13 13% 128% 128% 117% 117% 53 B3 10 10% 28% 29 125% 126% 59% 60 594 69% 89 89 15% 154 56 58 544 Bk 90% 91% 6% T 41 42 16% 15% 114% 114% 14% 14% 50% G0% 121% 121% 53 53 53 19% 149%% 149% W 1% 16% 15% alts 41% 46% 47 35 35 €3 63! 73% 3% 99% 99% 4w 1% 26% 100% 1003 26 2 69% 81 30 27% 19% 76 26% 25 85% 51% 44% 37 963 534 18% 6 63% % 57% 92 T 168% 159% 321 824 35 5% 67 €8 3% 23% 14% 156% 62% 62% 7 7 48% 49% 2% 2% 64% 67% 76 76 107%. 107% 1114 112 107% 108% 19% 19% 11 11 131% 131% % b 103% 110% 24 110% 24 12% 23% 2% 14% 66% 113% 26% 33% 28% 70 1% 9% 43% 43% 1% 11% 167% 167% 98y 981 9% 104 48% 484 12% 13% 6 6% 42y 42% 78% 3% 96 971 197% 197% 10% 11 15 15 82% 824 82 82 50 50 100% 100% 61% b51% 8% 9% 1% 1% 26% 26%. 7 1% 46% 47% 90 90% lg“ 16% 8% 57% B7% 28% 29 14% 15% 6% 6% 16% 16% 53% b55% 81% 84% 1 1 42 43% 4T% 4T% 83% 3a% 68% 68% 28% 28% 16% 164 28% 2% 14% 66% 118% 25% 33% 28% 0% 91k 9 12% ; Indian Refining. Ingersoll-Rand. | Inland Steel Inspiration. .... Interb Rap Tr.. In Ag Chem p Int Cement. . In Combust B Int Harvester. . Int Harvester pr Int Mer Marine. Int M Marine pf. Int Nickel Intl Paper Int Shoe. Invincible Lowa Central Iron Products. Jewel Tea. Kansas & Gult. ., Kansas City 8., Kayser (Julius) gtfly sspr Tire. . elly-Spr 6% pt Kelly Spr 84 bt Kelsey Wheel. . Kelsey Whi pf.., Kennecott, Keystone Kinney G R Laclede Gas.... Lee T & Rubber. Lehigh Valley.. Lima Locomo. Loews Inc Loft Inc. Loose-Wiles. Lorillard (P) Louls & Nash Mack Trucks. .. Mack Trucks 1st Mack Truck 2d. Magma Copper. Manat! Sugar. .. Manhatn El guar Manhat Sbirt. .. Maracaibo Ofl. . Market St Ry Market St prior. Marland O1l Martin- Mathison Alkill. Maxwell (A)... Maxwell (B). May Dp Stora: Mex Seaboard. Mex Seabd ctfs. Mtami Copper... Middle St O11. Midvale Steel Minn & StL..... Minn StP & SSM. Mo Kan & Tex.. MoK & Tex pt.. Mo Pacific . Mo Pacific pf. Montana Power. Montg'y Ward. . Moon Motor: Mother Lods Munsingwear. Natl Acme. Nat Biscuit. Nat Cloak & Suit. Nat Cloak & S pt. Natl DeptStores Natl Dept Sto pt. Nat! Enamel. Natl Lead % Natl Ry of M za. Nat Supply..... N Or Tex & Mex. N Y Alr Brake. . NY Air Brk (A). N'Y Central.... N Y C-Readg rts. NY Chi &St L.. NY Chl & StLpf. N Y Dock. . NYNH&Har NY O & Westrn. Norfolk South. . Norf & Westera. North Amer. ... North Am pf. North Pacific. .. Ohio Bdy & Blw. Onyx Hoslery. .. Orpheum Circuit. Otis-Elevator Otis Steel. . Otis Steel pt. Owens Hottle. .. Pac fic Develop. Pac Gas & Elec. Pacific Mail. . Pacific Ofl. .. Packard Moto Pan-Am Pete. ! pan-Am P (B). Parrish & Bing. Pennsylvania. .. Penn Seabd 8tl People’s Gas. Peoria & East. . Pere Marquett. Philadelphia C: Phila Co pt. 5% | phillips Pete Phoenix Hosiery Plerce-Arrow. Plerce Ar pf. Plerce Ofl Pitts Coal. Pitts & W Va. { Pitts&W Va pf ‘Postum Cereal Pressed St Car. Produc & Ref. Pro & Ref ctf: Pub Service. Pub Serv 8% pf. Pullman Co Punta Alegre. Pure Ofl Pure Oi18% pf. Rallway Stl §p.. Ray Con Copper. Reading Reading Reading 18t p! Reading 2d pf. Remington. Reming 1st pf.. Replogle Stee! Rep Ir & Steel... Rep Ir & Stl pf. Rey Tob pf B Royal Dutch. Rutland Ry pf.. St Joseph Lead. St L&San Fran St L&San Fr pf. St L Southwn St L South pf. Savage Arms. Schulte Stores. Seaboard Alr L. Seabd AL pf.. Sears Roebuck. Seneca Copper. Shattuck-Aris.. Simmons. Simms Petrol. Skelly Oil Sloss-Sheffleld. So Porto Sugar. South Pacific. Southern Rwy. Southern Ry Df. Spicer Mfg Co... St O1l of Calif. Stand Otl of N StOllof NJpf. Sterling Prod... Stew'd-Warner. Studebaker. . Submarine Bt. Tex Guit Sulph. Texas & Pacific. Tex & PC & Oil. Timken Bearing Tobacco Prod. .. Tobacco Prod A. Trans Cont O1). . Open, High, 24 2% 1% 103 24 P 108 3 21% b4 176 86% 26% 14 9% 48% 26% 84 107 7% 32% 134% 89 8% 15% 2% 1% 2% 87 264 % 20% 36 83% 7 88 100 TwinCR Tren,. - | "NEW YORK STOCK EXCHANGE Received by Private Wire Bivust to The Star Ofice Low. Close. 2 1 103 2 21% 54 175 86% 274 u 9% 43% 26% 84 107 Ve 82% 13% 89% 8% 15% 2% b1y 22% 87% 26% % 20% 86 3% 7 88 101 107 86% % 61 80% 17 62% 68 18 8% 60% 172 _ 90 17% BTl 97 90 112 654 66% 331 65 331 4 T4 1 64% 86k 6% 4013 53% 15% 905 16 14% 224 6 29% 2% 46 128 33 1% 34% 611 25% 26% 8 % % 9% 52% 62 95 42 9% 5 [-0000000000002 BONDS GO HIGHER IN LIVELY TRADING Quotations for All Grades A vance Briskly During To- day’s Transactions. ST. PAULS EXTRA STRONG Western Maryland 4s Above 61. B. & 0. Issues Also Up. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, January 10.—Trading in the bond market started off with a rush today, quotations for all grades of securities advancing, but with the chief inte speculative fissues. Dealings in St. Paul junlor bonds verged upon the spectacular. The impetus for this last-named movement was the announcement that the St. Paul had successfully marketed a new $14,000,000 bond is- sue, which will take care of the sys- tem'’s requirements up to the maturity of the European loan 4s in 1925. The new bonds carry 6 per cent coupon: are secured by deposits of $20,000,0 general mortgage 5s of 1989, and were oftered at 96% to yleld more than 6.5 per cent. . Sharp Advance Results. The immediate effect was a jump of mors than two points in the 4s of 1925, which have been selling at a very ‘large discount for a bond of such short term. Dealings were on a heavy scale. All the other {ssues secured under the refunding mort- gage advanced in lesser degree. So did the Puget Sound 4s, which are the first lien on the Pacific coast ex- tension. The reaction upon the out- standing general mortgage 4%s, how ever, was unfavorable, holders a, parently disliking any additional i sues of bonds on & parity as to s curity with those already outstand- ng. Next in interest to the St. Paul group was the New Haven. The debenture 6e of that road were rushed up above 67. These debentures are now secured under the first and re- funding mortgage. There was also active buying of the debenture 7s of 1925, both the dollar and the franc bonds. In the Seaboard list the 6s touched 71, a new high on this move. High-Grade Rails tp. In bonds of higher grade Western Maryland 4s above 61 and Baltimore and Ohlo convertible 4%s above 84 were conspicuous. The last named equaled the high of 1922. Maturing in March, 1933, these Baltimore and Ohio bonds are typical of those mid- dle maturities which have been so largely neglected in the present mar- ket ~As it stands these 4%s of 1933 yield almost 7 per cent at today's price. Outside the railroad list In_the higher grade bonds, American Tele- phone and Telegraph 5%s made an- other new high. The buying here was evidently entirely of investment origin. “All the liberties were firm again today and most of them higher. Probably the increasing ease in the money market is responsible for the heavy buving of government bonds. High-grade railroad bonds of the sa ings bank class were steady to high- er, noticeably in such issues as Penn- sylvania general 4lzs Gains in Industrial Among industrials, both Plerce Ar- row 8s and Virginia Carolina Chemi- cal 7s made sharp gains. French bonds were fairly steady. Jugoslavia §s were higher. Brazll §s did better. Orlental development 6s were firm around 90. One new offering today was $2,000,- 000 in first lien 613 per cent bonds of Kentucky Utilities, due in 1948, of- fered at 983 — FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nomizel Selliog checks Gold value. L 100 183 193 238 London, pound Montreal, " dolia Paris, frane. Hrussels, franc.. Berlin, mark Rome, Itra 3 Burleh, frane,. Athens, drachma Madrid, peseta Vienna, crown. Budapest, crown. . Prague, crown. Warsaw, mark Copenbagen, crowa. .. Christiania,” crow: Stockbolm,” crown. per trillion 823, 1730 0196 1280 0000141 0055 12923, By the Associated Press. 1 NEW YORK, January 10.—Foreign exchanges easy. Quotations (in United States dollars) : Great Britain, demand, 4.28% ; cables, sixty-day bills on banks, % France, demand, l.OHH. cables, .0484'z. Italy, demand, {-0431% ; cables, .0432. Belgium, de- {mand, 0429 cables, .0430. Ger- many, demand, .00000000000022 ; cables, Holland, demand, . Norway, demand, demand, .2637; Den- mark, demand, .1754; Switzerland, de- mand, .1737; Spain, demand, .1277; Grecce, demand, 019 Poland, demand, .00000011 ; Czechoslovaiiia demand, .0291; Jugoslavia, demand, .0112% Austria, demand, .000014; Rumania, demand, .0050% ; Argentina, demand, 32 lsi;;rml, demand, .1212; Montreal i cables, .3 Sweden, 41% 6074 130% 72% 84% 48% 186 11 38% 2% 82% 84 18 71% 1004 104% 42% 94% Underwood. ... Union Bag & P.. Untlon Pacific. Union Pac pf.... Un Alloy St Untd Drug 1st. United Fruit. United Ry Inv. Utd Ry Inv pt. Utd Retall Stri - >LastlFipe U SCastIr P pt. U S Hoffman M.. U SIndus Alco.. USRealty...... U S Realty pf... U S Kubber. U S Rub 1st pf. U S Smelt&Ref. U S Steel. U 8 Steel pf. Utah Copper Utah Securities. Vanadium Corp. Va-Car Chem... Va-C Chem pt. Vivadou. a1 6.1% 1381 2% 34% 48% 1844 1% 38 2% % 84 18 70% 102% 105 1% 93 224 99% 119% 6 19% 31 10 33% 15% 13 88% 26 36% 49 89% 115 West Penn pf... West Elec pf.... 114% western Md.... 11% rn Md 2d. 20% . 164 110% 61% 8% Westhse E1&M. Wheeling&L E. Wheel & LE pt.. White Eag Oll.. White Motor. ... White Ofl...... White Ofl ctfs. ., Wickwire. Wilson CO. ...+« ‘Wilson & Co pf. willys-Overid. . Willys-Overl pf ‘Wisconsin Cent. Woolworth..... ‘Worthington.. . Worth'gton (B). Wright A’-ro. Wrigley, Jr...... Youngstn Tube. *0dd lot. e o High. Low. Last. Call Money..... % 4 4% HOURLY SALES OF 8TOCKS. 11am.....486 000 1p.m..... 878 800 30% 12% 8% 69% 8% 69% 69% t In the second grade and | b 3% Lib 1st 4 Lib2d 4% Lib 3d 4% Lib éth 4% UBS4%s 1962, 336 FOREIGN. Belglum 7 Brazil 8s. Chils Copenhag: Cuba 6% Hait! 68 Lyon 6s. . Sweden 6i | Swiss Con: Atlantl STAR, WASHINGTON, D. C, THURSDAY, JANUARY 10, 1924. Igu NEV YORK BONDS@ Received by Private Wire Direct te The Star Office. (Bales are in $1.000.) UNITED STATES BONDS. (Fracti represent A xample: 98-3 means 98 3-33.) . 695 . 484 Argentine 7s. Austria 7s. %s. Brazil Ths Chile ¥5 1926 Chile 851941 1943... Chinese Gov Ry b Christiania 8s n 6 ctfs Czechoslovaklu Dutch East I 68'47. Dutch East I 65'62. 63 Framerican 7%s. . French Govt 8 French Govt 7 Holland-Amer 6 Japanese 2d 4 Jergen UM 68 47 Marseille 6s. Montevideo 78 Netheriands Norway 6s 1943. Norway 68 1952 Orient Dev deb 6s. Paris-Ly’'s-Med 6s. 27 Prague 7%s. Queensland 7s Queensland 6s Rio de Jan Rio de Jan 8s1947. 28 Sao Paulo City 8s.. Sao Paulo State 8 Seine Dept of 7s Serbs Croats Slo 8s 98 Tokio 6s. . Ud Kingm 5% Ud Kingm 6% MISCELLANEOUS. Ajax Rubber 8 Am Agr Chem Am Chain s f 65'33. Am Cotton Ofl bs. Am SmIL&R 1st bt Am SmIt&R 6s. Am Sug ref 6s... AmT& Tecv6s.. AmT& Tcltrb: AmT& Tl tr 4 AmT& Tdeb5% Am Writ Paper 6s. Anaconda cv db 7s. 49 Anaconda 1st 6s. Armour & Co 4%s. 25 Armour of Del 5%s Asso Oll 6s rets. ¢ Refin & Barnsdallsf Ss Bell Tel Pa 53 Beth Steel 5%s '33. Beth Steel pm 5s. . Beth Steel s f 6s Brier H 8t 1st 513 Bklyn Edison 7s Bklyn Ed gen Bush T Bldg 55 '60. Calif Pete 6%s w 1. Central Leather 63 Cerro de Pasco 83 Chile Copper 6s Commonwth P 65 Con Coal Md 1st b Cuban-Am Sug 8 Cuba. Cane cvd Cuba Cane cv 75'30 14 Det Edison ref 6s. Donner Steel s 2 Du Pont de N i %s. i Duquesne Light 65 15 Est Cuba Sug 7%8.151 Empire G&F 1% | Fisk Rubber 35 | 3en Elec deb 5a Soodrich 6%3. . | Goodyear 8s 1931 0 | Goodyear 8s 1941 30 & thousazd | Hershey 68 1942 I {umble O&R 5 Ilinots Beil 1s i indiana Steel 58 Int Mer Marine 6s. Int Paper 1st 5s A. Int Paper 1st 58 B. KCP&LtésAb2. Kelly-Spring 8s. Liggett & Myrs Lorillard (P) 58 Manati Sug sf 7% Marland Oll T%s. Mexican Petrol 8s. { Midvale Steel 5s ct. { Montuna Power b3 New Eng Tel bs. N Y Edsn 1st €1;s. NYG EL H&P 6s. . N Y Tel 6 N Y Tel 68 Nor Sta Otis Steel '49. NY Tel 4%s. N Am Edison és Pow & Northwst B Te 7s.. Otis Steel 7% b Pacific Gas & El 58 Pacific T & T 5s '52 Pan-Am Pete 7s Pan-Am Pete 63%s. Phil & Rdg C&I 5s. Phlla Co 5%s '38. Phila Co ref 68 A. Plerce-Arrow i Plerce Ol deb 8 Producers & Rf Public Service 5s. Punta Alegre 7! Sharon Stl H 8s. Sinclair Ofl 7s. Sinclair Oll 6% Sin Crude O11 5% Sin Crude Oll 6 Sin Pipe Line South Bell Tel bs. . So Por Rico Sug 7s. Steel & Tube 7s. ... Tenn Elec Pow 6 Tide Wat Oll 6% Toledo Edn 1st Union Bag & P 6s.. Unit Drug cv 8s. it 11 5i Am Sugar Continental 61% | Gillette Saf. Northw. Wheelin, Do. Woolworth, Applications for patents” last year 40,297, Vertientes Sug 7 Va-Car Chem 7 Va-Car Ch 7% Warner-Sugar West Union 6%s. Wickwire Spen 7s. Wilson & Colst6s 6 Wilson&Cev 7% ‘Wilson & Co cv 6 ot. Combustion Engi. Cluett, Peabody. Ca: pt. B. 1068 100 fwere 108,499, 7 SRR Grain, Produce and Livg Stock LOCAL WHOLESALE MARKET. A break in the local egg market has brought prices down to 36 and 37 cents. Local dealers think the price will not go much lower in the near future, slow demand for storage stock stimulating the demand for the fresh eggs. The break here followed similar conditions in Chicago and Philadel- phia, dealers stated. Increased re- celpts of fresh eggs contributed to tho change in prices. * Because of the Increased receipts, it is stated, certain dealers are no longer handling storage eggs. Easler conditions in the butter market also are reperted. While there i3 2 general weakness in the market. there has not been an ap- preclative decrease in prices. Deal- ers think there will be such a de- crease the next few days. mel'fi";c_rsérmlyu""h’ selected, can- 5 ozen, 38a40; - 35a35: storage. Searr ST ees recelote Live poultry—Roosters, per 1b., 16; turkeys, per b, 25a28; spring chick- ens, per 1b., 30a32; keats, young, each, 60a70; fowls, per Ib., 27a28, Dressed poultry—¥resh killed spring chickens, per '1b., 33a35; roaster per lb., 32a33; hens, per 1b.. 30a82 turkeys, per 1b., 30a35; keats, young, each, §0a85; roosters, per ib., 20. Game—Rabbits, No. 1, per dozen, 3.00a3.60; No. 2, 1.25a1.50. Live stock—Calves, choice, per Ib., 14; medium, per Ib., 12a13; thin, per !, $al0. Lambs, spring, per Ib, 13. Live pigs, 3.00a5.00 each; live hogs, ver Ib., 8. Green frults—Apples, 50a2.00; box, 1.50a3.00; per barrel, 2.00a6.00. California oranges, per crate, 3.50a5.25; Florida, 3.50a4.50. Lemons, per box, 3.50a4.50. Grapefrult 3.00a3.50. Cranberries, 5.0085.50 per one-half barrel. Grapes, California Emperos, 1.30a2.50. Vegetables—Potatoes, bbl, No. 1, 2.50a3.00; No. Potatoes, round, per bag, 3. sweet potatoes, 6.00a8.00 per Southern lettuce, per crate, 1.00a2.25 Iceberg, 2.50a3.25. Cabbage, northern, 2.00a2.35 per 100 Ibs.; nearby, 1.00a 1.50 bbl. Tomatoes, Florida, 3.00a6.00. ns, southern, per basket, 2.00a2.50. per basket, 1.50a2.50, Califor- 6.00a6.50. Squash, 2.50a3.00. Pep- per crate, Florida, 2.50a3.50 Eggplant, 4.00a6.00. Kale, per bbl, 1.7 a2.00. Spinach, per bbl, 3.0023.75. Southern cucumbers, per bushel, 4.50 25.00. Carrots, 100-1b. sack, 2.26a2.50. Brussels sprouts, 20a25. GRAIN AND PROVISIONS. BALTIMORE, Md., January 10 (Spe- cial).—Potatoes, white, 100 1bs, 1.00a 2.00; 1650-1b. sacks, 1.50a3.25; sweets and’ yams, bbl. 2.0026.00; bu, 1.00a 250. ~ Beans, bu, 1.50a3.00. 'Beets, 100, 4.00a6.00, Brocooll and Kale, bu., 5 Brussels sprouts, qt. 20a25. ., 100, 4.00a6.00. Savov. bu., Carrots, 100, 3.00a5.00. Cauli- flower, bbl., 1.50a3.00. Celery, crate, | 2.7586.00. Cucumbers, crate, 2.50a3.00. bu., 1.25a2.15. Onfons, 100 5a2.76. Oyster nlant: 00, 6.00a Parsnin: Peas, hamper, 1.00a2.35. Peppers, crate, 1.50a 3.00. Spinach, bu., 1.00a1.25. Spuash, crate, 1.50a2.50. Tomatoes, crate, 2.002 Turnips, bu., 35a40. es, packed, bbl., 2.00a4.5 0 loose, 100 1bs., 1.00al.3 apples,’ 1.50a2.25. _Cranberries, 6.0089.00. _Grapefruit, box, 1.50a2.75 Oranges, box. 1.715a2.75. Pineapples, crate, 3.00a3.45. Strawberries, qt. 3540 Settling Prices on Grain. ‘Wheat—No. 2 red winter, spot, 1.14; No. 3 red winter, spot, no quota- tions; No. 2 red winter, garlicky, do- mestic, 1.12%; export, no quotation; No. 3 red winter, garlicky, spot, no quotation; No. 4 red winter, garlicky, spot, no quotation. Sales—None. Corn—Cob, new, 4.00, and 3.80a3.85 per 'barrel No. 2 corn, spot, 87%; No. {spot, 85%; track corn, yellow, ROADS. “A"'uk-. High. Low. 8 b8 87% 8% 97% 82% 101 84% 84% 9% 97 6% T3% 100% 100% 112% 82 94 97% 86% 9% 89 85% 84% 87 9% 78 52 51 52% 624 58% 1% 58% 1% 52% 81 106% 5% 79% 5% 8% 91 116% 78% 102% 101% 97 103% 82% 83 85% 100 68 39% B5% 643 105 56% b56% 58 64 103% 1073 . Ann Arbor 4s Atchison gen Atghison adj 4 thirty - seconds. Low. 99-23 98-24 98-19 99-16 98-23 99-25 Close. 99+26 | 98-26 | 98-25 99-20 | Sales. High. 181 99-26 45 98-27 415 9826 99-21 98-29 e OSWalviy B & O Toledo 4s... 23 Bklyn-Manhat 6s. 322 BklynRT78'21... 7 BkIRTT7s'2lct... 1 Canad North 6%s.. 12 Canad Pac deb 4s. . 63 CarClinch & O 6s.. 1 Car Clinch & O 6s.. 41 Central Pacific 4s.. 24 Ches & Ohto cv 25 Ches & O cv 4% 39 Ches & Ogn 4 80 1& Alton 3 85 <hi B&Q gn 4s’68. 20 Chi B&Q 1strfbs.. 5 Chi & ETll gn Gs... 49 Chl Great West 4: 14 ChiGrWest 4s (n). 6 C M & Puget Sd 4s. 25 Chi M &St P rf 45 90 Chi M&St P cv 58..116 Chi M&St P 45 '25. 561 Chi M&S P cv 4%5.139 Chi M&St P 45'34.. 34 CM &St Pdbés.. 110 CM&StPgnd¥s. 47 95% | Chi & N W 6%¢ 2 90% | Chi Rys6s.... 20 95% [ChiRT1&Pgn4s.. 3 95% | Chi R1 & Pacrf 4s. T4 85 |ChiTH&SES5s... 24 95% ( Chi Un Sta 4%s 8 92 |ChiUn Sta6%s.... 9 90% | Chi & W Ind cn 4s. 15 83 [Chi & W Ind T%s 92% | CCC&StLrf6s A . 77% | Cleve Term 65 5 eve Term 5%s 75 | Colo & Sou 4%s. 87 |CubaRRSs.. '35*‘ Del & Hd 1st rf 4s. 931% Del & Hudson 5%s. 89% Den & Rlo Ger 4s 68 D& RGstrf 5 995 | Det United 436 Erle 1st con 4s... Erle con ext 7: Erie gen 4s Erieconv4s A. Erfe conv4s B. Erle conv4sD. Gr Trunk sf db 6s.. Gr North gen Gr North gen 5 Hud & Man ref bs. . Hud & Man a) 6s... 111 Central ref 4s. 111 Central 5%s. Int Rap Tran bs Int Rap Tr bs stpd. !Int Rap Tran 6s Int Rap Tran | Int & G- Nor & 8 Int & G Nor 1st KanCity Ft S4s... Kanses City S 5s. Bales. High. Low. . 1102 102 25 85% 85k 23 99 98% 64 98% 9T 6 98% 98% 6 109 108% 11 86% 86 4 16 1% 14 78 1% 15 94% 94% 11 95% 86% 7 100% 100% 23 102% 102 15 100 99% 43 99% 99% 2 103% 103% 16 103% 103 82 95% 95 42% 42 108% 108% 90 90 92% 95 109 95% 903 95% 95% 85 95% 92 91 83 92% 7T 5% 7% 87 96% 94 3% 90 68% kid™ 109 86 3 8 94% 5% 100% 102% 100 99% 103% 103 95% 42 108% 90 91% 95 108% 91% 95 108% 95% 90 95% 95 85 95, 91% 90% 824 92% 77 74% Ta% 87 95% 93% 93 89% 68 7% 1 per basket, nearby. per 2, 1.50a2.00. 32 106 100% 884 88 96% 98% 81t 654 1045 114 106 100% 88Y% 89 961 98y 81% 66% 104% 114% 631 63% 108% 108% 9% 99% 106 1004 88% 89 98% 98% 8l% 66% 104% 114% 63% 108% 99% 1 9 15 5 3 29 12 9. 21 37. 77 89 99% 94 89 92% 102% 102 90 99% 94% 89 92% 1024 | 1024 121% 9 90 8 100 6 94% 13 89% 25 92% s Lake Shore 48 '2§ Lake Shore 45 '31 | Lehigh Valley s 97% | Long lsland rf as 8% | Louis & N 99% | Louls & % | Louls & Nash § | Louts & N6s 2003 6 | Manhat Ry cn ¢ Market St cn 58 { Ml EI Ry & L 5 IM&StL1strt 4s I StP & SSM cn 4s M StP & SSM 6%s. MK & T 1Ist 4s. 89% ! {MEK&TprinssA. 82 K K K 904 987 931 108% 984 913 96% 95 | s 141w | 995, 88 87% 1075 98 92% 1047 8645 | 107% 104 | 107% 9278 10315 MK&T4sB. .42 MK&TésC. MK & Tedjbs.. Mo Pacific 6s Mo Pacific 55 Mo Pacific gn 4 NOTex &M In N Y Centgen 3% N Y Cen deb 6: N Y Cen deb 4: NYCentribs..... N Y CenLScl 3%s. N Y Centcn 4598, New Haven cd 6s New Haven d 4s New Haven 7 New Haven 7s fr. N Y Ry rf 4s ctt, N Y State Ry 4%s. for yeliow for white; 3_corn, 13 3 6 3 3 10 one. 0. 2 white, white, new, 53% Rye rby, 15a85; 80%. Hay—Receipts, 107 tons. The hay market is steady for the better grades of Timothy, choice light mixed and No. 1 clover, all of which are in only moderate receipts. Demand is fair for good hay, but low grade and damaged stock is a slow sale at un- | certain price 543abb: No. 3 No. 2 rye, spot, 14 31 74 52 46 370 1 Norfolk & W cn 4 Norfolk & W cv 6 Northern Pac Northern Pac 4s. : Northn Pacr i 65 : 1 clover 116 - | Northern Pac 5s D. 70 | clover, 24.0 101 |Ore & Calif istés.. 2 e 9655 {0 Sticet Len bF 146 0216.00; No. 1 wheat, 13.00a14.00; 55 | Ore Short Liref 4 R i 101 |Ore-Wash 1strf 08 i 22 g0 | Beniaylgen h TODAY'S CHICAGO PRICES. sy Eennayigen d4s. . 68 CHICAGO, January 10.—Withcorn today o [ again breaking the high price record 90% | TonneyL g0 L 16, for the season, wheat scored a ma- 1041 | Peunsyl con 4%s.. & terial upturn in_price during the 961 | Peorta & E Inc 4s.. 22 | early dealings. Unexpected strength 96 | Fere Marq lst5s. of wheat values at Liverpool counted 9% | Pere Mrq 1st 4s'36. 10 {as an additional bullish factor here, 100 !Reatinggen 4s.... 95 Reading gn 4 %swi 39 Rio G Westclds... 7 RIArk & L4%s... 8 St LIM&S R&G 4s. 5 StLIM&S4s'29. 12 StL&SFplésA., 82 1 % 101% v 99% 101% 225.00. 1 straight rye, 24.00a o. ton; No. 1 tangled rye, the west were unfavorable for the movement of grain. After opening 3 to 5% higher. May, 1.09 and July, 107% to 1.07%. wheat made further | gains and displayed but little ten- {dency to react. Big buying on the part of commis- prin b 4 ¢l gion houses lifted the corn market, inc 6s...133 y | Qespite heavy sales to realize profits. 5. |Next to mo corn was obtalned on {overnight bids from here to the coun !{ry. The opening, which ranged from 3 to % higher; May, 78% to 78%, was soon followed by & slight further vance. A aern demand gave independent strength to the oats market, which Started a shade to % higher. May, 161 and later continued to harden. Provisions were upheld by grain, in hog out 95% 98% 110% 99 104% 106% 9314 91% 903 S o i 1013 i StPUn Dep63s.. 2 o StP & KCShL 43%s. 10 San A& Arn Pds.. 2 915 Seab'd AL4ssta.. 25 a1 Seab'd ALref 4s.. 21 1023 Seab'd AL adj5s.. 34 96 Seab'd A L con 6s. . 90 91% Sou Pacific 451929, 5 901 Sou Pacfic ref 4s... 30 100% Sou Pacificclt 4s.. 1 785 Southern Ry lst 53 16 85 Southern Ry gn 4s. 21 Southern Ry 6%s.. 35 Southern Ry 6s ct. 150 Third Averef 4s... 2 Third Ave adj 5s 1 | Tol StL& W 4s. 3 Union 1st 4s... 20 Union Paclstrf4s 9 Cniop Paccv 4s... 7 85% l\Jnlon Paccvés... 28 94y | Union Paclstrfss 7 101+ | virginia Ry 1st5s. 14 104 |VaRy&Plstbs... 7 94% ‘Wabash 1st 5 6 102% Western Md 4s. - 50 107% Western Pacific6s. 5 9714 West Shore 1st 45. 4 111 | Wheel &L E cn 4s. 14 62 85% ‘Wisconsin Cent 4s. 10 % 105% TOTAL SALES (Mar Value): 102% 11am.. 4473000 12noon 6827000 88% 931 1p.m.. 9002000 2p.m.. 10894000 85% SHORT-TERM SECURITIES. 72 (Quotations furnished by Hedmond & Co.) 2% 48% 45 0% 92% 86% 834 963 70 102% 96% 54 44% 6 9% 82% 95% 108 101 92% 88% 96% 597 82 81% notwithstanding a decline 92% 86% 834 97 70% 108% 97 54 44% 6% 91% 83% 95% 103 101 93% 90 97 61 82 81% 63 8% Close. July September . ATS— July ... September . ARD— January . 106% 79 109% 101% 95% 88 98 97% 85% 94% 101 103% 94% 1024 107% 97% 111% 85% 105% 102% 88% 93% 84 1% 103 109% 107% 78% 96 984 88% 101% 9438 January - May - e DAIRY PRODUCTS. LTIMORE, Md., January 10 (Spe- Live poultry—Turkeys, pound. young chickens, 20a36. 20a24; old hens, 20a26 horns, 20a22; old roosters, ducks, 20a27; geese, 18a25; pigeons, pair, 25a80; guinea fowls, each 35a60. Dressed poultry—Turkeys, pound, 20a26; chickens, 25a26; old roosters, 16a17; ducks, 25a28; geese, 20a25. Eggs (loss off)—Native and nearby firsts, dozen, 38; southern, 36. Butter—Creamery, good to fancy, 51a56; prints, 56a58; nearby creamery, 42246 ladles, 34a35; rolls, 28ad store packed, 27a28; dairy prints, 282 32; process butter, 39. CHICAGO LIVE STOCK MARKET. CHICAGO, January 10 (United States Department of Agriculture). —Hogs— Recelpts, 70,000 head; fairly active: mostly 10 lower; good and cholce 250 to 300 pound butchers, 7.10a7.15; top. 7.15; bulk desirable 200 {o 230 pound averages, 17.00a7.05; better grades 160 to 190 pound averages mostly, 6.7626.95; bulk paecking sows, 6.50a 6.65; slaughter nigs 25 lower; weight, 6.2526.50. Cattle—Receipts, ing quality generally PN B cial) 18a: horns, - - - 091G 00 e bt G 103 110 107% 8% 96% 984 887% 102 9458 B Aluminum Co. of Amer. 7s 1925. 101 Aluninum Co. of Amer. 7s 1083. 105 Americas Cotton Ol 66 1924.... 99 American Sugar 6s 1637. American Tel. & Tel. 6 Anocts Sopoet ta'10. ) naconda = anglo-American Oil 748 %3 Kaltizmore & Ohlo 6s 1024...... Canadian Northern 5%s 1024. Central Argentine Rwy. 6s 1927. Pay- Stock of Jabie Fisher Body Corp. 68 Fisher Body Corp: 0s 1028 Goodyear T. & R. 85 1831 Great Northern 7s 196, Hocking Valley s 1924 Humble OIl 5%s 1982 Kennecott r 78 1980 Libby, McNell & Libby 78 1981. Michigan State Tel. b8 1924.... M., St. P. & 8. 5. M. 6%s 1931. Feb, 1| Morris & Co. T%s 1930. Jan. 14 | Swift & Co. Bs Feb. 4 | Tidewater Ofl 83 Jan, © | Union Tank Car 7s 193¢ Jan. 9| U. B Rubber Tin 1990, plai B IS0 -(eT higher; best long yearlings, 12.00; bulk fed steers, 8.25a10.00; light veal calves 25 to 50 lower; beiter grades vealers steady to weak: other classes generally steady; stockers and fee ers, 5.25a7.00; strongweight bologna bulls, 5.00a5.25: veal calves to pack- ers, '10.75a11.50; canners, 2.60a2.75; cutters upward to 3.40 and above; beef heifers, 5.50a6.75. Sheep—Receipts, 15,000 head; slow: few early sales fat lambs stéady to strong; sheep weak to around 25 lower; feeding lambs steady; fat Wooled lambs, 13.00a13.50; one double )d hand; 3] ewes, 7.76; nine &oubtes m’;tmmc lainbs, 12.75. 1938. fngboses B, & M. 1 1601 ® AR rite stories of Elizabeth Pyints granted were Barrott Brownlng 1a childhood were Greek stories, ’ Besides, weather conditions through- | steers and yearlings strong to 25° FINANCIAL, D. C. BANK DIRECTORS ELECT OFFICIALS Washington Loan and Trust Com- pany Votes Regular and Ex- tra Dividends. TRADING ON EXCHANGE Promotions Announced by Union Trust Company. The Washington Loan and Trust Company earned 27.70 per cent on its $1,000,000 capitalization during the year ended December 31, 1923, accord- ing to annual report submitted to stockholders. These profits mark a slight decline from earnings of the previous two years, chargeable to an Increase in expenses during the year Just closed, but were sufficlent to en- able directors of the institution y terday to declare an extra dividend of 3 per cent, in addition to the 126th regular disbursement of 21 per cent both payable on February 1. Books for the transfer of stock will be closed January 26 to February 1, both dates inclusive. Surplus and undivided profits of the company reached their peak dur- ing the year, amounting to $1,58 9 at the close of the year. Total Lusi ness transacted in 1923 (receipts) amounted to $112,410,809, which i another record established. A total of 8,414 accounts averaging $318 were on the books of the company at the close of the year. District National. ‘The existing official person the District National Bank will ¢ tinue in charge during the year. rectors today v3ted. They are as fol- lows: President, Robert N. Herper vice presidents, W. P. Lipscomb, N. 1. Sansbury, C. J. Gockeler and T. ¥ Kane; vice president and cashier, Hi) loary L. Offutt, ir.; assistant cashlers. Willlam C. Looker and Theodore & Mason; attorneys, Barnard & John- son; fvrukl officer and general c sel, Wharton E. Lester, and assistar trust officer, B. L. Colton. National Metropolitan. No change in the official personne of the National Metropolitan Bani was made at the meeting of directors today, the following being re-elected to serve the ensuing year: George W. White, president;: O. H. P. John son, vice president; C. F. R. Ogil trust officer; C. F. Jacobsen, cashier J. Gales Moore, auditor; C. E. Bright A. H. Bedford and C. L. Eckloff, as- sistant cashiers McLachlen Corperation. Lanfer P. McLachlen was today re elected president of the McLachlen Banking Corporation to serve in 1921, by_directors of the institution. Firman R. Horner was, at the same time, renamed vice president anad John A. Massie, vice president and treasurer. Archibald McLachlen was re-elected secretary. Directors Are Re-Elected. Stockholders of the Citizens' Sa\ ings Bank held their annual meetink late yesterday and _renamed Nobel P. Barnes, L. E. following directors 5 A. P. Clark, jr; Fred Drew, R. Evans, Hoiland W. Jenks, Jeannie Kafka, Homer L. Kitf, R. L. Lamb, G C. Murray, John F. Murreil, Roy L. Neuhauser, Judge Mary O'Toole, Fer nand Petit, Judge John W. Price, il G. Smithy, Jack Somervlille, Thomas Somerville, Lewis M. Thayer, Frani {L. Wagner, George E. Walker. Dr. John E. Walsh and William D. West Lincoln National Officers. Floyd E. Davis was today re-elect ed president of the Lincoln Nation Bank, as were the following to their | respective positions: S. Dana Lincoln. vice president: Albert S. Gatley, vice president and cashier; John W. Brawner,” vice president; W. Mck Stowell, J. Everett Baird and H. Wilson, assistant cashlers; Henry 1 Offterdinger, secretary of the board George Francie Wiiliams, counse!, and W. W. Millan, associate counse Park Savings Election. The following officers have been re-lected by directors of the Park Savings Bank: ‘Thomas Somerville, Walter H. Klopfer, vice president: George E. Walker. vice president: Willlam B. Todd, secretary; 8. Stunz, cashier; McNeil, as: al cashier; Joseph W. Cox, attorne:; George A. Prevost, general counse _George W. White, president of the Natlonal Metropolitan Bank. was ti.a only a tion to the Park Savings Bank directorate. ® Bank Branch Completed. The District National Bank wiil throw open its uptown branch at Connecticut avenue and K streec northwes next Tuesday morning, Robert Harper. president of the institution announced last night W. G. Looker, assistant cashier of the institution, who has served it since its inception in 1509, will be in charge of the new branch. More than 500 local stockholders of the L. R. Steel Company are follow |ing closély the progress of the re- organization plans now being carried on in_Buffalo. R. B. Miller, chairman of the local committee, ist advising Washington shareholders that the new proceed- ings are strictly within the confines of the law, and states that contrary advices from Buffalo are false, be- ing perpetrated by persons seeking to obstruct the progress of the plans. Today's session on the Washingt Stock Exchange was ruled by quie trading. with firm prices prevallin Railway preferred was strong at 74%, with_the common unchanged at 70 and 70%. Capital Traction was easy at 94%, with Mergenthaler selling at 156. Riggs National Bank sold at 294, and American Security and Trust Company changed hands at 303. Bonds were unchanged. —_— TREASURY CERTIFICATES. president h 15, h 1 15, 3148 September 15. March_ 15, 1625, © 100 23-32 100 1316 < 1007 01 © 100 1732 100 213 1 100932 N. Y. Stock and Bond Averages. Wednesday, January 9. STOCKS. Total stock sales, 1,401,000 shares. Twenty industrials 97.04; net gain, .24 High, 1923: 105.38; low, §5.76. Twenty railroads averaged 85.90; net gain, 1.1 High, 1923: 90.51; low, 79.53. averaged BONDS. Total bond eales, par value, $18,062,000. y Ten first-grade rails averaged 86.52; net gain, .40. Ten second ralls 83.26; net gain, .46. Ten public utilities averagea £5.87; net gain, .20. Ten industrials averaged 93.77; net gain, .01 Combined average, $7.36; net gain, .27. Combined average month ago, $7.00; year ago, $9.06, averaged