Evening Star Newspaper, January 11, 1924, Page 28

FINANCIAL SPECIALTY STOCKS HIT HIGHER LEVELS ‘Railroad Shares Heavily Sold Dur- ing Today’s Trading in Wall Street. O0ILS ARE MORE ACTIVE Steels, Equipments and Motors Move Very Little. BY STUART P. WEST. ®neial Dispatch to The Star. NEW YORK, January 11.—Opera- tions for the rise in selected stocks in the stock market showed no signs of let-up today. Speculative profits were taken in the rails and put back into the industrial section. The regu- lar leaders among the steels, equip- ‘ments and motors were for the most part steady, without, however, dolug anything noteworthy. In fact, the mo- tors have been a disappointment in view of the general expectation that something would happen in them during show week. More Interest in Oflx. For the first time in over a week there was some revival of interest in the oil shares. Pacific oll ran up wbove 50 again, and there were small- er advances in Producers and Re- finers, California Petroleum, Cosden, Texas Company, Pure Oil, Maracaibo and the Standard Ofls. 'Ostensibly, this was belated response to the re- cent price increases. But more prac- tically it was an indication that the traders who had been busy in other quarters of the list were coming back to the oils on the theory that they might have digested sufficiently the heavy realizing which followed the December rise. The sugar stocks were taken up. although the latest statistics on world production and consumption of sugar have not been encouraging to the idea of higher prices. Sears Roebuck, above 90 was at its highest since last spring, and Montgomery Ward was well up to its best. Earn- ings and sales records of all these companies engaged in the distribu- tive trade continue highly favorable. The pool in Hayes Wheel put its wpecialty across 48 again. Other special issues which stood out strongly at one time or other were United States Realty, American Woolen, Texas Gulf Sulphur and Stewart Warner. ¢ Fifth Avenue Bus Jumps. Fifth _Avenue Bus, which had closed Thursday at 11%, ran up to 13 in expectation of an immediate announcement regarding the long projected deal with the Yellow Cab Company. The stock reacted later when it was announced that nego- tiations for a merger had not yet been concluded. American Woolen's recent advance, which was generally attributed to cov- ering by shorts, halted, at least tem- porarily, today. At the same time, while opinfons regarding the business and dividend outlook of American Wool- en still differed, there was an evident lack of any conclusive information con- cerning the 1923 income. The late re- covery in the stock and the prediction that the forthcoming statement will be better than market quotations have in- dicated, have failed to reassure many who have felt concern over the earn- ings and the cafety of the common dividend. General Cigar felt the effect of profit taking following the announce- ment that the stock had been placed on an $8 annual dividend basis, as 2zgainst $6 pald formerly. This ac- tion had been anticipated. The expectation of a favorable earnings statement and an_equally favorable balance sheet for 1923 has been behind the recent buying in Air Reduction. Moreover, an extra dis- bursement of $2 per share in addi- tion to the regular $4 dividends on the common is looked for this year. Tt is estimated that in 1923 Alr Re- duction earned approximately $15 per share and that the working capital incerased substantially. In face of bullish predictions re- garding Pullman the stock today lay quiet around 125. It is sald that current earnings have been running around $14 a share and that under the new management the financial position of the company has been considerably improved. Little has been sald about incoming orders re- eently. MAREKET CLOSES FIRM. By the Associated Press. NEW YORK, January 11.—Specula- tive industrial resumed the leader- ship of the upward movement in to- day's stock market, which was fa- vorably influenced by the decision of the House republicans to give early consideration to tax-reduction biil and the abundance of cheap money, call funds falling below 4 per cent for the first time since last Septem- ber. Several of the low-priced rails vielded a point or so on profit taking. Sales approximated 1,150,000 shares. The closing was firm. Bullish @emonstrations in some of the motor accessory and oil shares, which ex- tended their early gains to 3 points or more, featured the late dealings. e FOREIGN EXCHANGE. Selling checks " today. London, 1, Sol 0428 25 por trillion 0438 1734 ‘0196 1275 10000143 1000060 0292% . lira Zuricn, franc Athens, drachm: Madrid, peseta . Copenhagen, crown Obristianta, crown .. Btockholm,” crown By the Associated Press. NEW YORK, January 11—Foreign sxchanges irregular. Quotations (in United States dollars): Great Britain, demand, 4.27%; cables, 4.27%: sixty- day bilis on banks, 4.253%. France, demand, .0477; cables, .0477%. Italy, demand, .0437; cables, .0437%. Bel- glum, demand, .0427%; cables, .0428. Germany. demand, .000000000000022; $00000000000022. _Holland, de- 760; cables, .3765. Norway, .1437; Sweden, .3634; Den- .1751; Switzerland, & .1735; Spain, .1277; Greece, .0197; Poland, .00000011%; Czechoslovakia, .0291; Jugoslavia, .0112; Austria, .000014 Rumania, .0050%: Argentina, .3287; Brazil, .1150; Montreal, .97%. N. Y. Stock and Bond Averages. Thursday, January 10. STOCKS. Total stock sales, shares. Twenty industrials averaged 97.30; net gain, .16. High, 1923: 105.38; low, 85.76. Twenty railfoads averaged 85.62; net loss, .28. High, 1923: 90.51; low, 79.53. BONDS. Total bond sales, par value, $16,203,000. Ten first-grade rails averaged net gain, .04. secondary rails averaged net gain, .12. public utilities averaged net gain, .04, industrials net gain, .04. Combined average, 87.42; net gain, .06. Combined average month ago, 86.99; year ago, 89.00. 1,352,000 averaged NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JANUARY 11, BONDS srocx sxcaance]| Received by Private Wire Bivest to The Star Ofice Alaska Gold Allled Chem Allis Chalm pf. Am Agr Chem. . Am Ag Chm pt. Am Bank Not Am Beet Suj Am Bosch Am Can pf. Am Chain (A). Am Car & Fdy. . Am Car & F pf. Am Chicle Co. Am Cot O ctf: Am CotOpf ctfs. Am Druggist. Am Express.... Am & Forpf w i Am H & Leath. . Am H & Lea pt. Am Linseed pt Am Locomotiv Am Metal Am Metal pf. Am Radfator Am Roll Mill pf. Am Safe Razor. Am Ship & Com. Am Smelting... Am Snuff. . Am Steel Fdy Am Sugar Am Sugar pf Am Sumatr: Am Tel & Teleg. Am Tobacco. Am Tob pf (n). Am Water Wki Am Woolen. ... Am Writ Prof.. Am Zinc & Lead Am Zinc&Ld pf. Anaconds...... Ann Arbor pf. Arnold Constab. Assets Realizn. . Asso D'G 1st pf. Associated OIl. Atchison. - Atchison pf Atlan Bir & Al Atlantic Fruit.. At Frult stfs Atlantic Gulf. . Atlantic Ref. Atlas Powder. Austin Nichols. Baldwin Loco. . Ralto & Ohlo. ... Bangor & Ar pf. Barnesdall (A). Barnesdall (B). Beechnut Pack. Beth Steel. .. Beth Stl 7% (n) Booth Fish. . Br Em St12d pt. Rklyn Edison... Brkiyn-Man Tr. Rrkin-Man T pf. Brown Shoe pf Brunswk Term Buff Rch & Pitts. Buffalo & Susq. . Burns Bros (A). Burns Bros (B). Butte Copper Butte & Super. Butterick Caddo Ol Calif Pack. Calif Petrol Calumet & Aris Calumet & Hecls Canadian Pac... Case Plow Wka. Case (J 1) pf. Central Leatn. Cent Leath pt. Cerro de Pasco. Certain-Teed. Chandler Mot. .. Chesap & Ohlo. Chi & Alton..... Chi & Alton pt. Chi & East Il Chi Grt West. ... Chi Great W pf. ChiMil &St P.. Chi Mil &St P pt Chi & Nortkwn.. Chi & Nwn pf. ChiRI& Pac ChRI&P 6%pf ChiStPM &0. Chils Coppe: Chino Copper. Coca-Cola. Colo Fuel Colo & South Colo & Sou 2d. Columbla Gas. Columbn Carbon Com Solv (A) Com Solv (B) Comp Tabulat. . Congoleum Co Cons Cigar. Cons Cigar pf. Cons Gas of NY Cons Textil Cont Can. Continental Mot Corn Products. . Corn Prod(new) Cosden & Co. ... Crucible Steel. . Cuban-Am Sug. | Cub Am Sug pf.. | Cuba Ca: Cuba Cane 2 Cuban Dom'can. Cuban Dom pf.. Cuyamel Fruit.. Del & Hudson. Dome Mines. ... Douglss Corpn DuSS& Atlan Du S8 &2At1 pf Dupont (ED)... Dupont deb. Eastman Kodak 1 EatonAxle &8p. Elec Stor Bat. Elk Horn Coal Endicott-John.. Erl .. Erfe 1st pt. Erle 2d pt. Exch'ge Buffet. Famous Players Famous Play pf. Fed Mines &S. .. Fd Mines &S pf. Fifth Ave Bui Fisher Body. Fisk Rubber. Fleishman. ..... Freeport Texas. Gardner Motor. Gen Am Tk Car. Gen Asphalt. Gen Asphalt pf. Gen Cigar...... Gen Cigar deb.. Gray & Davis... Gt Northern pt. Great Nor Ore... Greene-Canan.. Guantana Sug. . Gulf Mo & Nor.. Gulf M & Nor pf. Gulf St Bteel. Hanna (M A) pt. Harbishaw Cab. Hartman Corp.. Hayes Wheel Homestake. Houseb'd Houston O11 Hudason Motors. Hupp Motors. Hydraullc 8tl Tlinots Central. I Cent pffod.. Ind Oll & Gas Indiahoma..... IndianMotorcycle 49 56 34% T0% 28% 17 1% 102% 104% 8% 2% 23% *Ingersoll-Rand. 176 176 35 63 74 4% 11% 26% 5 124 16% 26% 51% 100 25% 6945 30 27% 19% 6% 26% 25% 45% 85% 81 43% 36% 965 534 19% 78 63% T 56% T 159% 324 35% 67% 83% 98% 15% 62% 7 49 73 664 18% 107% 19% 11% 2% 4% 131% 865 110% 24 62 12% 66% 25 33 28% 22 T0% 9% 9% 44% 12 165 9% AT% 13% 6% 4% 42% T4% 943 107 198% 15 824 823 513 10% 11% 26% 7% 4T% 15% 8% 57% 29 15% L 4 16 56 83% a1 K 43% 4% 56 3¢ 9% 28% 16% 1% 102% 104% 6% 2% 21% 176 2% 84 26 100% 5% 46 19% 149 1% 77 154 41% 46% 85 64 4% 4% 1i% 26% 5 12% 167 261 51% 100 25% 69% 30 27 19% 6% 26% 26 45% 85% 51 44 36% 97w 56% 19% 78 63% 7% 57% T 160% 324 36% 6% 34 98% 15% 62% 7 50 73 67 18% 107% 19% 1% 2% 4% 131% 86% 110% 24 62 12% 663 26% 38% 284 1 22% T1% 1% 9% 4% 12% 1656 10 4% 13% 6% 46% 4i% 5% 85 107 200% 15 824% 8214 b1% 10% 11% 26% 1% 4% 16% 8% 68 20% 16% ™ 16 b6 84 91 % “" 49 56 84 0% 28% 17 1% 102% 104% 28 2% 23% 175 ! Inland Steel. ! In Combust E.."." Inspiration Int Agr Corp (n, In Ag Chem p*, Int Cement..... Int Harveste: Int Mer Marine Int M Marine pf. Int Nickel. Intl Paper. Intl Paper (sta) Invincible Oil... Lowa Central. .. Intertype Corp. | Iron Products. . Kansas & Gulf. . K CP&Lt 1st pf. Kansas City Kansas C So pt. Kayser (Julius) Kelly Spr Tire. Kelsey Whee! Kennecott. Keystone Tire. Kinney G R. Laclede Gas. Lee T & Rub Lehigh Valley Lig & Myer (B). Lima Locomo. Loews Inc. Lorillard (P). Louls & Nash. McCrory pf. Mack Trucks. Mallinson & Co. Manat! Sugar... Manhat El Sup. . Manhatn El guar Manhat Shirt. Maracalbo Ofl. Market St Ry. Market St R 2d. Market St prio; Marland Ol... Martin-Parry. . Mathison Alkill. Maxwell (A) alaxwell (B) May Dp Storas Mex Seaboard... Mex Seabd ctfs. Miamli Copper... Middle St Ol.... Midvale Steel. Minn & StL.. Minn StP & SSM. Mo Kan & Tex Montana Power. Montg'y Ward. Moon Motors. Mother Lode Munsingwear. Nash Motors N. Nat Cloak & S pf. Nutl DeptStores. Jat! Enamel Natl Le Nat Supply Nevada Copper. ¥ Central. ... N ¥ C-Readg rts. NYChi & StL.. NY Chi & StLpf. N Y Dock....... NYNH&Harttd. Y O & Westrn. orfolk South. . Not & Western. Nor & West pf. orth Amer. orth Am pf North Pacific Ohio Bdy & Blw. Oklznoma Prod. Onyx Hoslery. .. Orpheum Circuit. Otis-Elevator. Otis Steel...... Owens Bottle. Pac fic Develop. Pac Gas & Elec. Pacific Oll. Packard Motor. Pan-Am Pet Pan-Am P (B) Parrish & Bing. Penna Coal & C Pennsylvania... Penn Seabd Stl.. People's Ga: Peoria & Eas Pere Marquett: Pere Mrq pr pf. . Philadelphia Co.. Phila Copf .. P&RC&I (Wi Phillp Morri Phillips Pete. Plerce-ATTow. .. Plerce Ar pf.... Pierce Ar prior. Plerce Oll. . Plerce Oil pf. Pitts Utilities pf. Pltts & W Va Postum Cereal Produc & Ref. Pub Service. ... Pub Serv 7% pf. Pub Serv 8% pf. Pullman Co. Punta Alegre. Pure O1l. Ray Con Copper Reading. .. Reading rts Reading 1st pt. Reading 2d pI. Remington. Remin 2d p Replogle Steel. Rep Ir & St Reynolds Spr. Rey Tobac (B) Rey Tobpt B Royal Dutch Rutland Ry P! St L&San Fran. st L&San Fr pf. St L Southwn St L South pt Savage Arms. Schulte Stores &an Cecll Sug. Seaboard Air L. Seabd A L pf. Sears Roebuck. Seneca Coppe! Shell Union Shell Union pf. Simmon! Simms Petrol. Sinclair Ol Skelly Of1 Slosa-ShefTield So Porto Sugar. Soutb Pacific. Southern Rwy. Southern Ry pt. Spicer Mfg Co... St Ofl of Callf. Stand Oflof NJ Stoilof NJpf. Sterling Prod. Stew'd-Warner. Strombg Carb... Studebaker. Submarine Bt... Superior Oil. Sweets Coof A. Tenn COpper.... Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & PC & Ofl. Third Avenue... Tide Water Oil.. Timken Bearing ‘Tobacco Prod. Tobaceo Prod A. ‘Trans Cont Oil. TwinCR Tran.. Underwood. .... Untd Drug Ist United Fruit Utd Ry Inv pf. Utd Retall Stra. U S CastlRipe.. USCastIrPpf. U 8 Food Prod.. Us | U 8 Indus Open. High. Low. Close. 86% 26% 1% 1% 6% 9% 43% 26% 84 7% 82% 13% 3934 65 16% 2 30% 52 22 26 % 93 20% 52% 36% 84 99 35% % 61 143 684 12 102% 3% 8% 86 21% 19% 18% 10% 180% 1 40% 66 89 4% 65% 41% 130% 36% 26% 14% 1% 6w 9% 43% 27 844 7% 32% 18% 39% 65 16% 6% 26% 4 1% 6 9% 43% 26% 84 T% 82 13% 89% 65 16% 235 304 86% 26% 4% 1% & 9% 434 27 84U % 82 13% 391 65 164 2% 304 50% 1 They sold today above 97. {tive to insect life. HIGH-GRADE BONDS FEATURE IN MARKET Federal Reserve Bank Report and Abundant Funds Strengthen Trading. U. S. ISSUES ARE STRONG Flood of New Offerings Due Early Next Week. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, January 11.— High grade rather than speculative bonds were the features in today's trading. No other explanation was neces- sary for this transfer of interest than that afforded by the statement of the federal reserve banks, with the un- precedented advance in the reserve ratio, as well as the abundance of funds testified to by conditions in the call money market. Strength was especlally noteworth In United States government bonds. The Treasury 4%s sold at par and the second i%s libertys as well as the fourth 4%s sold at 99. In the raflroad list “Pennsylvania General Mortgage 41is was conspicuous, and among utilities American Telephone and Telegraph debenture 53s con- tinued their slow but steady advance. Other Issues Popular. Bonds of a slightly lower were in ‘demand,such s the® new Southern Railways Gs. These were offered last November at 961 to the amount of $20,000,000, and are se- cured equally with the 4s and the 63%s under the general mortgage. Pere Mar- quetts §s, the first mortgage on the system. were also well bought. ipeculative railroad bonds were not as active as Thursday. The St. Paul issues held most of their gains, es- pecially the 4s of 1925. Missouri Pacific general 4s continued their rise, and Sea- board 6s were strong. Among utili- ties United Rallway Investment 5s were up 2 points in as many days in sympathy with the advance in Phila- delphia Company stock, by deposit of which the bonds are secured In industrials Ajax Rubber S$s jumped a point and a half, and more than & points of the low of last month. Derry Corporation 7s went up a point on small sales. American Agricultural Chemical 7%s sold above par, while Plerce-Arrow 8s and Ma- rine 6s went a little higher. Forelgn Group Reacts. In the foreign group there was a slight reaction in French bonds, but an ‘unimportant one in view of the extreme weakness in franc exchange. It is believed next week will bring a flood of new offerings. Meanwhile the $10,500,000 Standard Gas and Electric convertible . offered to- day at 93%, to yield 7 per cent, were promptly sold and the new St. Paul Imnd::. lhehfis of 1934, sold at a premium above the offering price in the outside market. . COTTON OPENS UP; THEN SELLS LOWER By the Associated Press, NEW YORK. January 11.—Trade buying and covering prevented a full response to relatively weak Liverpool cables at the opening of the cotton market today. First prices were barely steady and one to nine points {lower and March worked up to 34.40 after the call or two points net higher on buying orders promoted by bullish spot market advices and comparative- 1y small offerings in the local market. Selling increased on the rally,, how- ever, and prices weakened shortly after the cail with March reacting to 3425, and with active months gen- #rally showing net losses of about 12 to 14 points during the early trading, New Orleans Prices Drop. NEW ORLEANS, January 11.—Dis- appointment over small sales In the cloth markets was reflected in cotton today by a drop of 25 to 34 points in the first half hour of business. March gnr!lracls fell 34.10 and October to 27.52. Sellinglincreased on the con- tinued et aifd cold weather over the cotton region on the argument that such conditions were highly destruc- Much of the sell- ing was set down to the account of liquidating longs. Cotton Values at Noon. NEW YORK, January 11.—Cotton futures, 11:45 a.m., steady. January, 33.95; March, 34.30; May, 34.41; 2 3330; October, 28.30 askeq — JUI¥ January 11.—Cot- jton futures, noon bids, steady. Jan- uary, 34.18; March, 34.42; May, ; July, 33.35; October, 27,82, " TH1% DIVIDENDS. Company. Brill. J. G., pf.... Dallas Pow & Lt pt Ed El Il (Bowt.).. Elsenohr. 0 & Bro Tutl. Combust Eng. Gl 3 able. Feb. 1 % Feb, 1 Feb 1 © Feb. 50 Jan. % » 50 5 3 3 s 15 e i 33 1. 1. Simmons pf. Un. East M i CHICAGO, January 11.—A circuit court of appeals vacated the Judge English in the eastern fistrior court of Illinols appointing recelvers for the Southern Gem Coal Corpora. tion, with mines in Franklin and Perry counties, Iil., and directed that the receivers be discharged and the Droperty returned to the company. Ind 100 42% 93 22% 40% 100% 119% 645 19% 31% 30 10 33% 6% 53 39 15% 12%, . 88% . 156 49 10% 19 16% 58% 0% 100 100 102% 42 93 40% uUs Alco pt. U'S Realty o us US Rub lat pf U S Smelt&Ref. U S Smelt&R pf. U 8 Steel. 93 Va-C Chem (B). ValrCcal&C.. Va Ry & Power. ‘Waldort System. tern Union. t Alr Brke. . Westhse EI&M. . Wheeling&L E. White Eag Oll.. White Motor. White Oil.... 27% Wilson & L. T4 Willys-Overid.. 10% Wiliys-Overl pf 82 ‘Woolworth. .... 286 ‘Worthington. 30 ‘Worth'gton (A). 78% ‘Worth'gton (B). 61% Wright Aero. Wrigley, Jr...... *0dd lot. M CallMoney..... 44 8% 8% HOURLY SALES OF STOCKS. 11 a.m.....361 400 287 _*_._—-___.__* 102% | pni} & Rdg C&I 5s. | Haitf 6s. | Fisk Rubber 3s... | Liggett & Myrs 5: ON NEW YORK 1924, Received by Private Wire Direct to The Star Ofice. (Bales are in §1.000.) UNITED STATES BONDS. (Fractions _represent thirty - seconds. Example: 98-3 means 98 3-32.) Sales. High. Lib 3% 380 99-27 Lib 1st 4% 245 99-4 Lib 2d 44s...1466 99-1 Lib3d 4%s... 886 99-27 Lib 4th 4%s..1723 99-4 US4%s1952. 550 100~ FOREIGN. Bales. High. 102% 85% 98% 984 987 Tow. Close. 101% 102 85% 85% 98Ye 98% 97% 98% 98% 937 86 85% 75 T 7% 1% 94% 94% 95% 95% 100% 100% 102 102 99% 100 99% 99% 103% 103% 103 103 103 103 95% 95% 4% 41% 108% 108% 90 91 924 924 94% 94% 108% 108% 95 95 89% 90 3 95% 95% 85 94% 91% Argentine 7s. Austria s Belgium 73| oo BmDwm Bordeaux 6s. Brazil 7s Braszil 8s Brazil 7% Canada b3 1926 Canada 5%s 1929 Canada bs 1931. Canada 55 1952. Chile 85 1946 Chile Chinese Gov Ry bs. Christiania 8s. .... Copenhagen 5%s Cuba b¥%sctfs..... Czechoslovaklu 8s. Denmark 8s s Denmark 6s . Dutch EI5%s. Dutch East I 68 Dutch East I 65'62. Framerican 7% French Govt 8s. .. French Govt 7% 95% 85 95 91% 92 82 99% 93% 92% 81 8 75 74% 96% 111% 94 9314 891 67% 78 105% Holland-Amer 6s.. Italy 6%s 1925 Japanese 15t 43 Japanése 24 4%s. Japanese 4s Jergen UM 6547 Lyon6s...... Marseille 65. Netheriands 6s. Norway &s. . Norway 6s 1943 Norway 6s 1952 Orfent Dev deb 6: Paris-Ly’s-Med 68 Prague 1%s Queensland 7 Queensland 6s. Rio de Jan 8s 1946. Rio de Jan 85 134 Rio Gr Do Sul 8s. Sao Paulo State 8s. Seine Dept of 7s Serbs Croats Slo 85125 Solsson! Sweden 6s...... Swiss Confed 8s. Toklo 5s... . Ud Kingm 5%s '29. Ud Kingm 5%8'37. Uruguay 8s. Zurich 8s. . MISCELLANEOUS. Ajax Rubber 9315 Am Agr Chem 100 Am Chatn s f 65'33. 94 Am Cotton Oll 55 88l Am SmIt&R 1st 92% Am Smit&R 6s. . Am Sug ref 6s. AmT& Tcv bs - AmT&Teltros AmT & Teltrés Am T & T deb 5%s.168 Am Writ Paper 6s. 1 ‘Anaconda cv db 7s. 20 Anaconda 1s* & 51 Armour & Co 4%s. ‘Armour of Del 5% Asso Oil 6s rcts Barnsdalla f §s Bell Tel Pa 5: Beth Steel 535 '53. Beth Steel pm 5s. Beth Steel s f 6s. Brier H St 15t 513s. Bklyn Edison 7s D. Bkiyn Ed gen 5s. .. Bush T Bldg 58 '60. Calif Pete 6%s W 1. Central Leather 5s Cerro de Pasco §s.. Chile Copper 6s. ... Commonwth P Con Coal Md 1st &s. Cuban-Am Sug §s. Cuba Cane cv d §3. Cuba Cane cv 75 ‘30 Dery (DG) Ts..... Det Edison ref 6s DuyPont de N 3, Duquesne Light 6s Est Cuba Sug 7%s. Empire G&F T%s. 88% 89 94 98% 82 68 79 % 104% 114% 63% 9014 99% 94 83ty 92% 1021 102 121% 121% 97 85 91 93 96 98% 907% 91% 987 94 1087% 981y 914% 964 95% 140% 99% 89 87% 107% 984 93% 82 105 108 104% 107% 928 104 1015 99% 102% 116% 1014 98% 95% 101 81% 81 84 91% 105 104% 90 96% 9615 113% 100 100 103 99% 874 95% 8% 98% 110% 99% 83 105 107% 94 921 9% 1024 108 94% 99% 924 9% 102% 967 58 91 101 80% 877% 107% 9% 110% 102% 95% 89 98Y% 97% 85% 94% 101 104 95 102% 108 97 864% 106 103 891 93% 85% 2% 103 110% 107% 9% 96% 98% 89 95% Jen Elec deb 58 Soodrich 6%s Goodyear 8s 1931 Goodyear 8s 1941 Hershey 6s1942... & Humble O&R 5%s., 35 (llinois Beil 1st 5s. 38 Indiana Steel 5s... 4 Int Mer Marine 6s. 17 Int Paperlst5s A. 10 Int Paper1st s B. 2 KCP&Lt5sAG2. Kayser (J) 78 Kelly-Spring 8s. Lackawa S 5550 15 11 22 21 23 10 Lorillard (P) 58 Magma Cop cv 7s... Manati Sug sf 7% Marland Ofl T%s.. Mexican Petrol 8s. Mich St Tel st 5s. Midvale Steel 55 ct. Montana Power 58 Morris&Co 1st 4%s New Eng Tel 5s N Y Edsn 1st €3s. NYG EL H&P 5s... NYG EL H&P 4 N Y Tel 6541, N Y Tel 68°49.... N Y Tel 4%s N Am Edison Nor States Pow Nor States Pow 6: Northwst B Te 7s.. Otis Steel 73s..... Otis Steel 8s. Pacific Gas & El 5s Pacific T & T b8 '52 Pan-Am Pete 7s. .. Pan-Am Pete 63%s. Phila Co 5%s '38... Phila,Co ref 65 A. Plerce-Arrow 8 Plerce Oil deb 8s. .. Producers & Rf 85. Public Service 5s. . Punta Alegre 7s. Sharon Stl H Sinclair OI1 78. Sinclair Oll 6%! Sin Crude Ofl 5% Sin Crude Ofl Sin Pipe Line & South Bell Tel &s. So Por Rico Sug 7s. Steel & Tube 7s: ... Tenn Elec Pow 6s. Tide Wat Oll 6% Toledo Edn 1s Union Bag & P 6s.. U § Rub 1st rf 58, U § Rubber 7%s... U S Steel s £ b1 Utah Pow & Lt bs. Vertlentes Sug 7 Va-Car Chem Va-Car Ch 7% Wwarner-Sugar 7 West Union 6%; Westinghouse 7s. . Wickwire Spen 7 wilson & Co 1st 63. Wilson&C ov 7% Wilson & Co cv 61 Youngstn S& T 6s. 5 100% 104 95 102% 108 97 864 106 103 894 93% 85% 2% 103 110% 107% 78 26 98% 89 95% 85 1% 103 110% 107% 8 96 98% 8815 4% TREASURY CERTIFICATES. (Quotations furnished by Nedmond & Co.) ~——Noon.—— Bld. Ofter. .. 100152 100532 100 118 1001 100 23-32 100 13-18 1001 101 100'17-32 100 2132 1009-32° 100 13-32 10116 100532 PhiskisecTan - 9514 | 1004 | 108% | ! RAILROADS. ‘Sales. High. 1 58% 14 88 10 81% 3 9% 20 82% 28 .19 16 10 32 22 Ann Arbords. .... Atchison gen 4s. Atchison adj 4s OSW div 3%s. B & O Toledo 4s. 1ct. Bklyn R T 4s 2002 Buff R&PItt 43s. . Canadian North 7s Canad North 6%s Canad Pac deb 48 {Car Clinch & O 5s. Car Clinch & O 6s Cent1al Pacific Ches & Ohlo cv Ches & O cv 4%, Ches & O gn 4%s Chi & Alton 3s Chi & Alton 3% Chi B&Q gn 4 Chi B&Q 1st rf 6s.. Chi & E 11l gn 5 Chi Great West 4s. Chi GrWest 4s (n). C M & Puget Sd 4s. Chi M&StPrf 4%s Chi M&St Pcv bs.. 17 Chi M&St P 45 '25. .410 Chi M&S Pcv 43s. 43 Chi M&St P 43'34.. 18 CM&St. Pdb4s.. 18 CM&StPgndys. 7 Chi& N'W 633s.... {Chl Rys 58 ChiR1& P gn 4s ChiRI& Facrf4s 84 Chi TH&SE5s... 18 Chi Un Sta 4%s 3 Chi & W Ind cn 4 CCC&StLr{6s A . Cleve Term bs. Cleve Term 5% | Colo & Sou 4%s Cuba RR 5s.. Del & Hd 1st rt Den & Rio G cn 4 D& R G st rf 68 Det United 4145 Erie 1st con Erle con ext 7 Erie gen 4s Erie conv 4s B. Erfe conv 4s D. Gr Trunk sf db Grand Trunk 7s Gr North gen Gr North gen 5% Hud & Man ref Gs. . Hud & Man aj 5 Il Central ref 4s | 111 Central 5358 Int Rap Tran !Int Rap Tr bs Iowa Cent rf 4s | Kan City Ft 8 4 | Kansas Citr S 3 | Kansas City S 58, Kan City Term 4s. | Lake Shore 4s '28.. | Lake Shore 45 '31. . r Lehigh Valley 6s. . | Louis & N uni 4s | Louls & Nash 7s... | Louis & Nash 53%a. | Louis & Mil EIRy & L 5s... | M StP & SSM 6%e. M& St L1strf ds.. Mo Pacific 5s '65. | Mo Pacific gn 4s. NOTex &Minb N Y Cent gen 3%s. N Y Cen deb NYCentriss {NYCenLScl3%s. |New Havencd 6s.. 48 New Haven d 48 '57 22 New Haven w York Ry rf 4s. N Y Ry rf 4s ctfs New York Ry aj 58 INY W &Bos4% Norfolk & W cn 4s. Northern Pac 4: Northn Pacri6s Northern Pac 5s D. {Ore & Calif-1st bs. . O Short Licn bs "46. | Ore Short Liref 4 Ore-Wash 1st rf Pennsyl gen 5s Pennsyl gen 4%s Pennsyl 6% | Pennsyl gold 7s | Peunsyl con 43%s. Peoria & E inc 4s Fere Marq 1st bs. Pere Mrq 1st 4s'56. 257 2 100 179 | Reading gen 4s Reading gn 4% Rio G West cl 45 8 IRTATk & L4%s... 21 | St LIM&S R&G 4s. 15 10 . 87 17 67 4 36 15 7 24 6 15 10 9 28 44 |StL'S W con 4s ‘32, St P Un Dep 6%s. . StP & KCShL 4%s. San A & Arn P és.. |Seab'd A L 4s sta. Seab'd A Liret 4s. Seab'd A L adj 5s.. Seab'd A Licon 6s.. 68 Sou Pacific 45 192. 10 Sou Pacfic ref ds... 25 Sou Pacificclt 4s.. 2 Southern Ry 1st 68 13 Southern Ry gn 4s. 3 Southern Ry 6% Southern Ry 6s ct. 437 Third Ave ref 4 { Thifd Ave adj b TolStL& W 4s Union Pac 1st 48 Union Pac 1st rf 43 Union Pac cv 4 Union Pacev 6s. .. Unfon Pac 1st rf 65 virginia Ry 1st 6s. {VaRy &P 1stbs.. | Wabash 1st Western Md 4s. Western Paolfic 5s. West Shore 1st 4 Whel &LE rf 4%3. Wheel & L E en ¢s. Wisconsin Cent 4s. Aluminum Co. of Amer. s 1925. Aluminum Co. of Amer. 7s 1983, Americaz Cotton Oil Gs 1924 American Sugar 6s 1987. American Tel. & Tel. 8s 1924 American Tel. & Tel. 8s 1625.. ‘Anaconda Copper 8s 1929.. An Haltimore & Ohio Se Canadian Northern 5%4s Central Argantine Rwy, Central Leather Ge 1 R L & Pacific 53431034 Kenutua: fifibx} State Tel, 58 1024, M., 8t. P. : L, Morris & Co. T%s 1080 Morrts & & oo ons Tidewater Ot 6%s 1 "!3" Rubber 733 1980, Western Unlon 198 9% TOTAL SALES (Par Value): 1la.m.. 6006000 12 noon 10 366 000 1p.m..12811000 2p.m.. 14 974 000 ——— SHORT-TERM SECURITIES. (Quotations furnished by edmond & Co.) . Low. 58% 87T% 81% 97 824 100% 84% 84% 9% 97 67% 3% 100% 100% 68% 88 112% 112% 81% 93% 97% 86% 9% 89 85% 56% 24 874 7% 1% 51% 50% 51% 51% 56% 1% 56 71 51 80 106% 75 9% 757 T8% 90% 73% 101% 98% 10814 825 83 85% 67% 38% 86% 64% 105 55% 55% 634 103% 112% 107% 98 814 60 86 101% 61% 611 58 84% 437 914 17 75% 68% 874 8234 954 92% 102% 90% 107 105% 991 5815 99% 82% 1024 18% 1% 81% 67 97 53% 9035 77 53% £6 74% 103% 964 2% 4 1024 1027 96% b4% 44 6% 91% 834 96% 103% 101% 93% 90% 98 61 824 81% 65 - 63% % Close. 58 R7% 814 97% 82% 101 85 85 80% 97 67% 13% 100% 100% 681 88% 112% 112% 824 98% 98 87 9% 89% 85% 57% 34 87% 9% 1% 51% 50% 51% 51% 56% 2% 56 71 51% 80 106% 6% 79% % 8% 90% T3% 101% 97% 103% 82% 835 85% 67% 38% 86% 644 105 55% 55% 63% 103% 112% 107% 98 81% 60 86 101% 62 61% 58 841 4“ o1% 17 5% 69 87% 82% 954 934 | 10244 90% 107% 105% 100 58% 997 823 | 102% 187% 7% 825 67% 97% 53% 91% 7 53 87 75 1044 9T% 73 65 41% 5 72 33% 33% 1% 46 8% 108 59% 82% 103y 92 99% 93% 814 100% 91% 108% 107% 944 23% 93% % 90% 89% 6145 64 5% 85 68% 831 6284 90% T6% 99y 7% 80 964 4% 3 6114 49% 464 1% 933 874 84 95% 70% 104 97U 54% 44y 77 81% 834 96% 1034 101% 94 90% 98 62 83 81% 66 64 8% B e 101 hod glo-American Oil Tigs i673.0 i 102 108 FINANCIAL, Grain, Produce and|SEITZ JOINS STAFF Live Stock LOCAL WHOLESALE MARKET. There is still a plentiful supply of rabbits being offered by dealers, the local season not closing until Febru- ary 1. The season for shooting rab- bits in Maryland closed Christmas day, while In Virginia their killing is permitted until February 1. Rabbits have been exceptionally plentiful throughout the entire sea son, and dealers say the cheap prices materially lessencd the demand for poultry, especially when high prices of poultry ruled. It is expected that receipts will fall off and that very little of the game will be recelved the remainder of the season. Prices this morning were as low as $1.25 a dozen on No. 2 stock, cholcest stock bringing as much as $3.60. Eggs—Strictly fresh, selected, can- dled, per dozen, 37a3 average re- celpts, 35a36; storage, 26a27. Live poultry—Hoosters, per 1b. turkeys, per 1b, 25; spring chickens, per 1b., 28a30; keats, young, each, §0a | 70; fowls. per 1b., 26 Dressed poultry—Fresh killed spring chickens, per 1b., 33a35; roasters, per ., 32a33; hens, per 1b., 28a30;: tur- keys, per lb., 30a35; keats, young. each, 80a85; roosters, per 1b., 20. Game—Rabbit: 1, per dozen, 3.0023.60; No. 2, 1.25a1.50. Live stock—Calves, choice, per 1b., | 12a13; thin, per ring, per 1b, 13 0 each; 14; medium. per Ib. ib, 8a10. Lambs, Live pigs, 3.00a5. per 1b., 7%. Green fruits—Apples, 50a2.00; box. 1.50a3.00; 2.00a6.00. California crate, 3.50a5.25; Florida, Lemons, per box, 3.50a4.50. Grape- fruit, 3.00a3.50. ' Cranberries, 5.00a 5.50 per one-half barrel. Grapes, Cal- ifornia Emperors, 1.50a2.50. Vegetables—Potatges, nearby. per bbl., No. 1, 2.5023.00; No. 2, 1.50a2.00. Potatoes, round, per bag, 1.75a3.25: sweet potatoes, 6.00a8.00 per bbl. Southern lettuce, per crate, 1.00a2.25; Tceberg, 2.50a3 25. Cabbage, northern, 2,00a2.50 per 100 1bs.; Florida. 1.50a 1.75 basket; nearby, 1.00a1.50 bbl. Tomatoes, Florida, 3:00a6.00. Eeans, mouthern, per basket, 2.00a2.50. Peas, per basket, 1.50a2.60. California, 6.00 a6.50. Squash, 2.50a3.00. Peppers, per crate, Florida, 2.00a2.50. Eggplant, 4.00a6.00. Kale, per bbl, 150al.75. Spinach, per bbl., 3.00a3.50. Southern cucumbers, per bushel, 4.50a5.00. Car- rots, 100-1b. sack, 2.25a2.50. Brussels sprouts, 20a25. GRAIN AND PROVISIONS. BALTIMORE, Md., January 11 (Spe- clal). —Potatoes, white, 100 pounds, 1.00a2.00; 150-pound sacks, 1.50a3.2 sweets and yams, barrel, el, 1.00a2.50; beans, bushel, 1.25a 75: beets, 100, 4.00a6.00; broccoli and 25a30; brussels sprouts, cabbage, 100, 4.00a6.00: el, 40a50; carrots, 100, 3.00 uliffiower, barrel, 1.50a3.00; rate, 2.7526.00; cucumber: B per basket, per barrel, oranges, per 3.50a4.50. quart, 2| savoy, b lettuce, bushi . 100 pounds. .75; oyster- plants, 100, 6.00a7.00; parsnips, basket, 43455, peas, hamper, 1.00a2.00: pep- pers, crate, 1.5023.00: spinach, bushel, 1.0081.25;: squash, crate, 1.50a2.50: to- matoes, crate, 1.50a4.00; turnips, bush- el, 35a4o, Apples. packed, barrel, 2.00a4.50; a1.25; loose. 100 pounds, 1.00 al.33; box upples, 1.50a2.25; cranbery ries, barrel, 6.00 a9.00 grapefruit. bo: a oranges, box, 1.75a3.0f pineapples, crate, 3.00a4.50; straw- berries, quart, 40250, Settling Prices on Grain. Wheat—No. 2 red winter, spot, 1.13%; No. 3 red winter, spot, no quo- tation; No. 2 red winter, garlicky, d mestic, 1.12; export, no quotation; No. 3 red winter, garlicky, spot, no quo- tation; No. 4 red winter, spot, no quotation. Sales—420 bushels of No. 2 red win- ter, garlicky, at 1.11%. Corn—Cob, new, 4.20a4.25, for yel- low, and 4.05a4.10 per barrel for white; No. 2 corn, spot, 87%: No. 3 corn, 'spot, 85%; track corn, vellow, No. 3, ne 89a90. Sales—2,830 bushels mixed, at 86%. _ 0. 2 white, 54%; No. 3 white, 3a531. Rye—Nearby, spot, 80. Hay—Receipts, 141 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 prices. Quotations—No. 1 timothy, 27.50a 28.00 per ton; No. 2, 26.00a27.00; No. 3, 24.00a25.00; No. 4, 22.00a23.0 0. 1’ clover, mixed. 24.50a25.00; No. 1 clover, 24.00a25.00. Straw—No. 1 straight rve, 24.00a 25.00 per ton; No. 1 tangled rve, 1500 216.00; No. 1 wheat, 13.00a14.00; No. 1 .00a15.00. of yellow 75a85; No. 2 rye, CHICAGO LIVE STOCK MARKET. | CHICAGO, January 11 (United States Department of Agriculture).— Hogs—Receipts, 47.000 head; very ac- tive: 15 to 25 higher; good and choice 235 to 300 pound butchers, 7.35a7.40: top, 7.40; desirable 150 to 220 pound averages, 7.00a7.30; bulk sows, 6.70a 6.50; slaughter pigs, 25 higher and choice strong weight, 6.50a6.75 shippers buying freely; big packers inactive. Cattle—Receipts, 5000 head: beef steers, active beef steers, 15a25 high- er; top matured steers and yearlings. 11.25; short-fed steers, $.50a10.23; she stock, steady to strong: good and Shoice light and medium-weight calves to packers, steady at 10.50a 11.00; outsiders buying around 12.50; other classes, steady to strong; stock- ers and feeders dull. Sheep—Receips, 900 head; active: fat lambs strong, 15 higher; Sheep strong: feeding lambs steady: fat wooled lambs, 150 0 ngywelght fat ewes, : BT feading lambs, 12.35. fairly Deposits of District banking insti- tutions on December 31, 1323, amount- “d to $199.714,376.75, an increase of $3.756,327.57 over the previous call of the controller, dated September 14, last, is shown by official statistics compiled by Audley P. Savage of the , 16; ! live hogs, | 2.00a6.00; | good | | | i | 1 | R. Waller, Thomas P. . OF COLUMBIA BANK Teller at Federal-American for Six- Years—More Officials Are Elected. RIGGS TRANSFERS FUNDSi Today's Trading on Washington ™ Stock Exchange. John N. Seitz of the Federal-Amer- ican National Bank has been added ; to the official personnel of the Colum- bia National Bank and will occupy ~ the position of assistant cashier of . that institution on January 15. Mr. Seitz has been connected with the: Fedpral-American as teller for the. last six years. Prior to that time hg * was teller at the Continental Trustwj Company and previously & runner ay - the National Bank of Washington, His banking experienoce covers fifteen- years. . Present :officers of the Columbia were re-elected to their respective positions at the annual meeting of~ directors yesterday. They include - James A. Messer, president; Benja- min W. Guy, vice president; Frank J. Stryker, vice president and cashie: Arthur N.' Mitchell, assistant cashier,” and Walter B. Guy, attorney. Riggs Makes Transfer to Surplus. Transfer of $250.000 from undivided profits to the surplus account was au- thorized yesterday at the annual meeting of directors of Riggs Na- tional Bank. stitution is now $1,250,000, undivided profits, _approximately $500,000; capi- tal, $2,500,000, and total resources, $35.- 366,000. Deposits increased about 000,000 during the past year, it was sal Promotion of several junior officers of the bank was consummated at yes- terday's meeting. Nelson B, O'Neal, formerly assistant auditor of the ir stitution, but lately cashier of the - Bank of Martinsburg, W. Va, w named an assistant cashier. G. Gwyn Dent, in charge of the foreign e change department, boasting seven- teen years' service, was also named an assistantecashier. R. G. Marx was ° elected auditor, and I. J. Roberts, per- sonal secretary to M. E. Ailes, wa named secretary to the president. Other officers were re-elected as fol- lows® Charles C. Glover, chairman of the board; Milton E. Ailes, president: Robert V. Fleming, vice president and cashler; W. J. Flather, vice president; Joshua Evans, ir., vice president: Avon M. Nevius, vice president; George O.- Vass, vice president; H. G. Hoskinson, assistant_cashier and manager of the outside offices; Earl H. Amick, assistant cashier; Frank G. Burrough, assistant- cashier: Frank J. Hogan, counsel and trust officer, and George M. McKee, as- sistant trust offiecr. Joint Stock Land Bank Officers. Thomas P. Hickman, vice president and cashier of the Franklin National Bank, has been elected a director of " the Potomac Joint Stock Land Bank Other directors re-elected at the an- .« nual meeting follow: - B” W. Parker, John B. Cochran, A Mitchell Palraer, John 1. Cassedy, J. Hickman, Ar- thur Peter and George A of Washington: J. T. C. Hopkins, jr president Cecii National Bank, Po: Deposit, Md.; George G. Grattan, d rector National Bank, Harrisonburg, Va: L. W. Gunb Central Harry president National Bank, Salisbury, Md.: garlicky, | Footer, vice president People’s Bank, Cumberland, Md.; J. W. Long, vice president Virginia National Bank and vice president Banking Trust and- Mortgage Company, Petersburg, Va Charles Edward Hilliard, president People’s Natfonal Bank, Hagerstow: Md.; Vernor Gowin, Vienna, Va.; F. Bedinger, president Farmers' Bank Boydton, Va.; W. G. Dent, presiden Clintor 'Bank, Clinton, Md.; Shirl vestment banker, Winches- | R. Laurie Mitchell, attorney Charles County Bank, J. M. Hooker, M. G. Weaver, vice president Front Royal National Bank,* Front Royal, Va. Building Association Election. At the annual meeting of stock- holders of the Home Building Asso- ciation the following officers and di- rectors were unanimously re-elected: William T. Galliher, president: George W. Linkins, vice president; William K. Reeve, vice president; James Mor- ris Woodward, secretary; Richard E. Claughton, ‘treasurer, and R. L: Quigley, Fred L. Voght, Morris Hahn, A. Lynn McDowell, Alfred B. Baker and C. Edward Beckett, directors - Washington Stock Exchange. Washington Gas Light Company. stock gave evidence of its formen strength on the local board tuday when forty-six shares sold at 9%y Mergenthaler was also stronger, seli-, ing at 156%. Riggs National Bank. s0ld to the extent of forty shares 295, and Capital Traction was un changed at 94 and 943. Honds were listless. Capital Traction Oficers. The Capital Traction Company stockholders yesterday re-elected the entire old board, consisting of George - E. Hamilton, Edward J. Stellwagen John S. Larcombe, David S. Car Benjamin Guy and John H. Hanna and John M. Perry of New York. Directors re-elected officers as fol- lows: George E. Hamilton, president; John H. Hanna and David S. Carll, 13.00a14.00; good | retary-treasurer; good sistant secretary, and C. B. Koontz vice presidents; H. D. Crampton, sec- J. E. Heberle, as- assistant treasurer. National Savings and Trust Company Trust companies made the bes showing, reporting a gain of $2,026,- 062.72, while national institutio; gained $1.906,828.88. Savings ban of the District aggregated a loss $176,664.03. NATIONAL BANKS. Sept. 14, 1923. Dec. TH0.061.48 1. Rank of Washington Columbia ~ Commerclal Distriet Franklin Liberty Standerd Increase. §188,503.57 432.210.08 Decrease Totals American Commercial and Saving Anacostia Bank of_Brightwood Chevy . Citizens" Commerce ‘and Departmental East Washingt Excha Industrial # International MecLachlen . Mount Vernon North Capitel . Northeast Northwest B LR S2ksanssazaes Exchange o EEEH Security Savings and Commerciai .. Seventh Btreet .. 4 Terminal Commerciai and Savin, United States . Washington Mechanics’ Washington Savings . Woodridge-Lang. Savings s e 5. st 1203 858 b1 w19 pon 88352885088 Totals iyl American_Security Continental .. Merchants' Bank . Manse: 1142,074.85 9,950.487.00 5.811.756.20 12,020,085.10 TRUST COMPAN! - $24,001,831.3¢ 3.062.160.96 7857451 768.446.15 108,637.28 183.178'68 40197108 Totals RECAPITULATION. National banks bas $101,101,100.56 §104,007,929.44 $1. 28,806,807.95 28.630,133.92 The eurplus of the in- .| Harris, all 1 ‘