Evening Star Newspaper, January 12, 1924, Page 18

4 REALIZING SALES HIT i STOCK VALUES HARD Stiffer Resistance Today in Drive for Higher Prices in Wall Street. UTILITY SHARES Automobile Issues Also Gain in Two-Hour Session. Ry the Associsted Press. NEW YORK, Januiry 12.—Operators n the long slde met with stiffer re- sistance in their campalgn for higher ices In today’s stock market. Heavy srofit-taking and short selling in some sections of the list coincided with bullish demonstrations in others, siving tho market a highly irregular uppearance, The customary leaders held fairly well. Impressive strength was shown Uy & number of the public utility, silk nd automotive issucs. Rails were sluggish except for the Reading and ine new Philadeiphia coal and iron shares, ail of which moved up 1 to point Selling pressure was most fective, in St Paul preferred, Corn oL er. Texas Gult Salphur and STOCKS TURN HEAVY. Selling at the Week End Slows Up Market. NY STUART P, WEST. tar. anuary 12.—Realizing held the market svateh o NEW YORK s th morning heck, but did not b g about ar fmportant reaction. Raflway shares omewhat heavy, down a polnt or so from their recent hig fndustrial list, with one or t held {ts ground f veral cases Oper: se were renewed The street some time a move ground that tne railroad s Jook att n the sub right ¥ v eonl shares com came today Jagging. Re than a poin Reading Ov: reached a n the coal the Rights were very e. Brass Products Lower. that the American Brass < and_cop- nd, follow- h sagging Iin , brought con- the copper the effect of than the rest ond and final peth of the inde- s. Bethlehem Steel the first timo ublic Iron o0d_ a of the n Spec sal n tions for pecting for ding on the ks would cription delphia and issued, 9. Both Reading Word Company per prod ing th hour pendent these stocks s tickers Charles ch he said that busi- ay by day and d” steel orders a great increase had pr M. Schwab in wh he looked for next month to show month Steel Extra Being Discussed. It was rumored fn the street this morning that the United States Steel the next dividend nth would t!Chi RI& Pac. izad. Dec ts would mean a total for ar of §6 per share on the common. Tt has been a matter of os- sip for some time that United States Steel »n would $7 per share in 1924, and this latest story fits in Wwith thé dividend talk that has played a part in the upward movement of the stock in the last ten weeks, earnings for the first nine months of 1923, after all charges, amounted to $11.90 a share on thé common, as Against less than $2 a share for the corresponding period of 1 Sugars Continue Strom; Although the figur day showing ti 3 gurad for Cu to be 4.00 cent with 2.50 1 peclally new the trade, the past ¥ contributed noth- to-the stutistical they undoubtedly vio In for th ength in sugar shares. Alegre was the leader of the estimate, compiled b ry of agricultu ima-Mejer _expert, did er, a slightly high- Las been accepted Punta Eroup. the ¢ and the ¢ bring out, howe ar average than in recent woeks. 15,022 GET JOBS IN WEEK. DETROIT, January 12 (Special).— Employment this week reached the here since last May, 2 to a total of with 184,082 week of t year. Buflding permits for the week in $1,251.460, compared “:.,!'Hv;l for the corresponding week bt 2 PARIS BOURSE STRONG. PARIS, January 12.—Prices wers strong_and active on the bourse to day. “Three per_cent rentes, 53 francs 20" centimes. Exchange on London, 90 francs, 70 centimes. JFive per cent loan, 68 ‘francs, 50 centimes. The dollar was quoted at 21 francs, 19% centime. f- COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY POTTSVILLE, Pa, January 12.— While operations have been sus- pended at some small mines in this district owing to warm weather and jack of anthracite demand, the larger ©oal companies have indicated they would continue operations until big storage yards are completely filled. PORTLAND, Ore., January 12.—Car- load demand for potatoes Is reviving, but this is declared a seasonable trend and held not to warrant the enthusiasm of some producers. Buyers are ‘offering $1.35 to $1.40 for U. S. No. 1 Burbanks and similar stock, and Some business is confirmed at those prices. PITTSBURGH, January 12.—Glass demand continueés fair here. Bullding operations are proceeding despite’ the cold wave and building materials are imoving briskly. = NEVADA, Mo., January 12.—Motor buses have replaced the electric street cars here. For a long time this was the only small city in this section with an independent electric street car system. it Is reported here that Amarillo, Tex., s considering a simi- lar move. ATLANTA, January 12.—Negroes who had migrated north returned to Georgla in considerable numbers during the recent cold spell, but the movement was not general enough to affect the shortage of farm help which faces the cotton planters. Ex- perts predict the acreage this year will be spotty and “In patches” rather than by large plantations, as hereto: ore. SHREVEPORT, La., January 12.— Daily average oil production in Arkansas and Louisiana _dropped 5,069 barrels to 164,957 barrels this week. Twenty-seven riew wells added Fuenty four” of these. wella wese enty-four 050 Wi were the Smackover fleld, . .. STRONG Net | } FINANCIAL, NEW YORK STOCK EX Alr Reduction.. Ajax Rubbe: Allfs Chalmers. Allis Chalm pf. Am Agr Chem.. Am Ag Chm pf Am Beet Sugar. Am Boseh ... Am Brake Shoe Am Can. Am Canpf. Am Car & Fdy.. Am Chain (A).. Am Cot O ctts Am CotOpf ctts. Am Drugglst. .. Am & For pf w { Am H & Leath.. AmH & Lea pt. {Am lce. . Am Internatl Am La Franc Am Linseed Am Linseod p Am Locomott Am Metals Am Radiator. Am Safe Ragor. Am Ship & Com Am Smelting | Am Steel Fdy. Am Sug Am Sumatra. Am Sumatra pf. Am T & Cable {Am Tel & Teleg. Am Tobacco. Am Tobac (B).. Am Water Wis. Am Woolen. . Am Waoolen pf.. Am Zinc & Lead Am Zinc&Ld pt. | Anaconda...... Armour of De! pt Arnold Constab. Assets Realizn. Asso D) Goods. Ass0 D G 2d pf.. | Assoctated Oll... Atchison pt. Atchison....... Atlan Bjr & Atl. Atlantic Gulf Atlantic Ref. | Atlas Tack..... Austin Nichols. Auto Knitter. Paldwin Loco Baldwin Loc pf. Halto & Onlo. .., Balto & Ohlo pZ. *Bank of Com. . Barpesdall (B). Bayuk Bros Beth Steel. . Beth St1 7%(n) . Booth FI Bklvn Edison. .. Br Em St 2d pf. Brklyn-Man Tr. Brkin-Man T pt. Bklyn Un Gas Buff Rch & Pt/ Burns Bros (B). Eutte Copper. .. Butte & Super... Caddo Of1. Calif Patro! | Calif Petroi pf.. Calumet & Aris. | Callaban Zine. | Canadtan Pac. .. Case Threshing. Central Leatn., { Cent Leath pf..; Cerro de Pasco. Century RibMllls, rtatn-Teed. Chandiasr Mot... | Chesap & Ohto.. | Ches & Ohfopt... { Chi & Alton. . | Chi & East 1L | Chi Grt West. { Chi Great W pf. Chi Mil & St P.. | Chi M1l &St P pt Chi & Northwn. Chi R 1&P 7%pt. | Chino Copper... | Cluett Peabody. { Coca-Col | Celo Fuel. | Colo & South 1st | Colo & Sou 2d | Columbia Ga: Columbn Carbon | Comp Tabulat. Congoleum Co. Cons Cigar. Cons Cigar pt | Cons Gas of NY. | Cons Textile. | Cont Can. _ | Continental Mot ; | Corn Products. . 4 | CornProd(new) Cosden & Co Crucible Steel Cuban-Am Sug. Cub Am Sug pf. Cuba Cane Sug. ! Cuba Cane Spf.. | Cuban Dom pf.. | Cuyamel Fruit | Davison Chem. . D Lack & Wesf | Dome Mines. Douglss Cor} Dupont (ED... BatonAxle &Sp. { Elec Stor Bat... Eilk Horn Coal. . Elkh'n Coal pf.. Emerson-B pf | Endicott-Jobn. . | | Exch'ge Buffet.. | Famous Players {Fed Mines & 8. | Fa Mines &S pt. | Fifth Ave Bus. Fisher Body Foundation Co.. | Freeport Texas. { Gardner Motor.. Gen Am Tk Ci Gen Asphalt. Gen Asphalt pf. Gen Baking..... Gon ClgaT-..c0 Gen Elec spl Gen Motors. ... Gen Mot 65 deb. Gen Refracto:les. Gimbel Bros Giidden. Goodrich. Goodyear pf. Goodyear pr pf.. Granby Consol.. Gray & Davl Gt Northern pf.. Great Nor Ore. Greene-Canan.. Guantana Sug Guif M & Nor pf. Guif St Steel. Harblshaw Cab. Hartman Corp.. Hayes Wheel Homestak! Househ'd Prod. Houston Oll..... Hudson Motors. Hupp Motors... Hydraulic 8tl... iinots Central. Il Cent pf £ pd. Ind Oll & Gas. .. Indiahoma. ! IndianMotorcycle | Indian Refining Inland Steel pt. Inspiration. Interb Rap In Ag Chemical. Int Agr Corp (n) Int Cement. In Combust B Int & Grt North. Open. High. Low. Close. 3% 9% 48% 4% 16% 46 424 883 79% 110 109% 165 23% 12% 37 5% 6% 1% b4 8T% 24 11% 21 39% 74% 44n 29 6% 14% 59 88 57% 264 67 41 129 160% 148% 41% 7% % 159 Y% 98tn 5% 63 50 2% 665 111 19% 1% 132 24 61% 12% 25 14% 66% 25 32% 22% T1% 11 43% 13% 10 4Th 68% 13% 6% 45% 4a% 6% 93 95 Gen Electric. ... 200% 10% 16% 82% 52 49% 10% 26% 48 98 15% 9 57% 29% 15% % b4 84% % 43% 49% 56 84% 70% 28% 17 1% 102% 1044 8% 214 23% 5% 101 % 1 1% - 43% 27% 23 8% 9% 48% 9d% 16 46 42% 38% 79% 110% 109% 165 23% 12% 87 3 6% 11% b4 87% 244 12 22 294 15% % b4 84% % “H% 504 56 84% 0% 28% 17 1% 102% 104% 8% 2% 28% 5% 101% 26% 14 1% 6 43% 27% 24% Int Harvester pr 107% 107% Int Mer Marine. Int M Marine pf. Int Nickel. Intl Pape Invincible Oll Iron Products. Jewel Tea...... Jewel Tea pr. Jones Tea.. Kansas & Gulf., 25% -» T% 2% 13% 39 16% 51 22% 87% 257 2% 9% 48% 4% 16% 447 424 37% TO% 109 109% 165 28% 12% 37 5% 96 11% 54 BT% 24 1% 21 9% 4% 82% 62 9474 10% 26% 4T 93 15 8% 57% 28% 15% T b4 83% % 43% 49% 56 B4k 69% 28% 16% % 102% 104% 8 24 28 5% 101% % %l49; roosters, £ 3% | Kansas City 8. Recsived by Private Wire Divest to The Star Ofice Open. High. Low. Close. 20 9% | Kayser (Jullus) 86% 48% . Kelly Spr Tire. . 84 94% Kelly-8pr.8% pt 88 15% | Kelsey Whl pf.. 100% 45 42% 87% 79% 109% 109% 165 28% 12 87 6 96 1% b4 8% 24% 12 22 42 102% 104% 8% 244 23% 5% 101% 26% 4 1% 6 434 27% 24% 1074 T% 321 13% 89 1€ 50% 22% 87% 25% Keokuk & D M. | Kennecott, Keystone Tire. Kinney G R.. Leo T & Rubber. Lehigh Valley. Lima Locomo. Loews Inc. Loft Inc.. Lor{llard (P) Louls & Nash. Mack Trucks. .. Mallinson & Co. Manhatn El guar Manhat Sbirt. .. Maracalbo Oli.. Market St Ry Market 6t prior. Marland Oi1 Martin-Parry. Maxwell (A). Maxwell (B). Mex Seaboard. Mex Seabd ctfs. Mtam{ Copper. Middle 8t Ofl. Midvale Steel Mo Kan & Tex. . Mo K & Tex pf. Mo Pacific. . | Mo Pactfic pf. Montg'y Ward. Moon Motors Mother Lod Mullins Bod Munsingwear. Nash Motor Nat Blscult Nutl DeptSt Nat! Enamel Natl Enamel pf. Natl Lead. Nat Supply. Nat Supply pf.. Nevada Copper. NOr Tex & Mex. | NY Atr Brake. . NY Alr Brk (A). Y Central.. Y C-Readg rts. YNH& Hartfd. YO & Westrn. cwp Ns Gus pf. ort & Westera. North Amer. N Ohio Bdy & Blw. Ohio Fuel Sup. Otla Steel. . Owens Bottle { Pac Bic Develop. Pac Gas & Elec. Pacific Of1 Pan-Am Pete. .. Pan-Am P (B).. Peansylvania Penn Seabd Stl.. People's Gas. Pere Marquette. Philadelphia Co. P&ERC &I (wi). Phillp Morri: Phillips Pet . Plerce-Arrow.., Plerce Ar pf. Plerce O1l. Pitts & W Va... Pitts Utliities pf. Postum Cereal Produc & Ref. Prod & Ret pf Pro & Ref ctf; Pullman Co. Punta Alegre. Pure Of1.. Railway Securit Ray Con Copper Reading 24 pf. Remington. Replogle St Rep Ir & Btes | Reynolds Spr. | Rey Tobac (B) | Rey Tob pf B. | Royal Dutch. | Rutlana Ry pt.. St L&San Fran.. 3t L&San Fr pf. St L Southwn St L South pt... San Cecll Sug. Savage Arm Schulte Stor: Schulte pf... % | Seabd A L pt. | Sears Roebuck. Shell Unfon.. | Sinclair pf. | Skelly Ol | Sloss-ShemMel, Southern Rwy.. Southern Ry pt. Spicer Mfg Co Stand Miiling. St Oll of Calit Stand Ofl of NJ StOflof NJ pf. Stew'd-Warner. Strombg Carb. Studebake Submarine Bt Superior Ofl. Tenn Copper. Texas Company., Tex Gult Sulph. Texas & Pacific, Tex & PC & Oll. Third Avenue. Tide Water Oll Timken Bearing Tobacco Prod Tobacco Prod A. Trana Cont Oll... Transue & Will. TwinCR Tran. Union Pactflc. .. Un Alloy Steel.. United Drug. United Ry Inv.. Utd Ry Inv pf. Utd Retail Strs.. « N Cast 1 Plpe.. | U8 Food Prod.. j U 8 Indus Alco. . U S Realty. U S Realtypf U S Kubber, U S Steel bf. Utah Coppar. Utah Securities. Vanadium Corp. Van Raalte. VaRy & Power. VIvadou..eeevee Wabash....oeee Wabash pf (A). Waldort System. ‘West Penn Co. West Elec pf. ‘Western Md.... Western Md 2d. West Pacific. ... ‘Western Union. West Alr Brke. . Westhse El&! ‘Westhse 1st pt. Wheeling&L K. . Wheel & LE pt.. Wiltys-Overl pt ‘Woolworth. Worthington. ... ‘Worth'gton (A). ‘Wright Aero... Wrigley, Jr. *0dd lot. 1% 6% 4% 61 16% 63% 6T 18 8% 178 90 B87% 29 83% 4% 28% 10% 6d% 384 bt 14% 22% 6 29% 121 82 1% 33% 26% 264 84 12% 7% 41 47% 181 85 104 247 913 50% 12% 564 541 43% 374 9515 4385, 45% 4815 21% 36% 104 28 2% 414 15 495 115 10% 18% 16 109% 85% 6% 73 8% 16 26% b “ % 4% 30 2% 123 39 20 19% 3T 364 HE 11 87% 30 30 721% T2% 12% 12% 9% 39 19% 87% 8% 36 4 61 16% 63% €T% 18 8% 174% 20 884 29% 83 48% 284 10% 6l 37% ars 58% 16% 15% 14% 224 6% 20% 114 2% 2674 8 14% 87 107% 61% 40% 43 B8 142 a% 18% 18% 85 104 100% 8T 424 683 1% 554 637 41 118 9% 83% 1061 . 286 285 285 285 30 2% 12% 9% LIVE POULTRY LOWER. © CHICAGO, alive, lower; fowls, 14 goses, 13} turke; 16a21 ke et et it January 12—Poultry, springs, FURTHER STRENGTH IN BOND MARKET Sntn;dly Session Finds-Some vancing Tendency as Earlier in Week. LIBERTIES VERY STRONG Railroad Yssues Also Make Excel- lent Showing. BY GEORGE T. HUGHES, Spectal Dispatch to The Star, NEW YORK, January 12—In to- day's short session bonds continued the show of strength which hay been 50 marked throughout the week. This applies to high grade, second grado and speculative securities allke. On the week every liberty loan lssue is up, both coupon and registered bonds. The treasury 4%s sold at par again today. In the savings bank class of raflroad bonds the notuble mdvance was scored by Reading General 4s up more than 3 polnts on the week, while the certificates of deposit gain- ed almost as' much. Part of this rise may be ascribed to the offer of ex- change made to holders of these bonds by the Reading Company in accord with the segregation plan. Othef primo investment issues, how- ever, without special attraction are up almost as much. Special Market Features. More stgnificant, perhaps, of the market situation as & whole is the advance in bonds just a grade lower than those already mentioned, such as Duguesne Light which at 105 today had surpassed the high record of @ year ago. The junior bonds of | the Southern rallway also have been investment favorites this week, new highs being recorded by the 4a, the |6iss und the new 6s, all secured un- | neral mortgage and junior H “onsolidated bs - spenking, the features ‘e been the animated ) Haven bonds, with throughout the 1ist, amount- in one case that of the eriible 48 of 1947, to me snts. The more debenture s, 7s and franc 7s are up from {wo to’ five points. has made a complete turnabout with regard to the New Haven If this week's market action is any eriterion. Rubbers and Tires Gain. Traction securities have kept up with the rest. Among the industrials the rubber and tire bonds have been conspicu- i Ajax Rubber 85, w sclling at while United States ¥ h higher grade in point ing, 0 we today. 168, & mu have gained about half. There 1s not much to say about the foreign department. French bonds orsist in ignoring the weakness in franc exchange. The reaction on the week is comparatively trifling. Among Eurcpean issues the feature has been the City of Copenhagen 5lis, up points, and among the South Amer- an group the advance in Rio Grande Do Sul 85 and Bolivia ss. New issues for the week ttaled $76,493,000. CORN PRICES SMASH } SEASON'S RECORDS Probable Shortage Causes Surpris- ! ing Advance All Through Week. WHEAT ALSO GOES HIGHER Farmers Holding Onto Grain for Further Advance. By the Associnted Press. CHICAGO, January every ulternate day thls week {corn market has broken the season’s |nigh price record. Demand was large- |1y based on the ground that indica- 12.—About car's experience of Insufficient sup- requirements. Wheat and oats were firmer in sympathy with corn. Com- pared with & week ago, priges this {morning showed corn %a% to 1%cent higher, wheat 3 to % cent up, oats at %a3 to % cent gain, and pro- visions varying from 2 cents decline to & rise of 30 cents. According to a statement from one of the largest grain firms here, the striking thing In the corn market was the extent to which outside citi were malntaining corn prices much Chicago. In some of the best producing corn territory, as for example around Des Moines, fowa, feeders were reported as outbidding terminal markets, and t finding farmers unwiliing to sell. Meanwhile, primary receipts of corn ay after ‘day totaled far below the corresponding figures a year ago and the movement of tho crop gave but little sign of any immediate heavy increase. Reports that severe cold had caused some damage to winter wheat wers current. Attention was given. also wheat were galning rapidly on Chi- cago. Large orders for January shipments gave strensth to the provision mar- ket, despite big arrivals of hogs. —_— LIVERPOOL COTTON. LIVERPOOL, January 12.—Cotton- Spot in limited demand; prices easie: good middling, 20.,09; fully middling, 19.59; middling, 19.0 low middling, good ordinary, 11.09; ordinar: 16.59. Sales, 3,000 bales, including 1.200 American. Receipts, 4,000 bales, including 3,900 Amerlcan. _Futures closed steady: January, 19.35; March, 19. May, 19.34; July, 18.89; Septem- Der, '16.89; October, 16.15: December, 15.68; January (19.28), 16.60. N. Y. Stock and Bond Averag Friday, January 11. STOCKS. Total stock sales, shares. Twenty industrials averaged net gain, .27 High, 1928: 105.38; low, 85.76. Twenty' rallroads averaged 85.40; net loss, .32, High, 1923: 90.51; low, 79.53, BONDS. Total bond sales, par value, $17,768,000. Ten first-grade rails averaged 86.75; net gain, Ten secondary rails averaged 83.70; net gain, .32, 10 public utllitles averaged $6.10; net gain, .19. ; 10 industrials averaged 94.02; net gain, .21 Combined average, $7.64; net gain, .23. Combined average month ago, 86.90; year, ago, $0.0L . 1,172,300 Wall street sentiment | the | tions pointed to a repetition of last | ply to meet the country's live stock | above a comparative equality with | to the fact that European prices for | ON NEW YORK Receivod by Private Wire (Bales are 1n $1.008.) UNITED STATES BONDS. (Fractions represent thirty - seconds. Example: 98-3 means 98 3-32.) Bales, High. Low. Closs. 166 99-26 99-24 99-26 © 8 994 99-1 99~ L 117 0943 99- - 96-2 1 380 9921 99-25 99-26 Lib 4th 4i4s.. 817 995 §9-2 99-5 US4Ks1962. 21100~ 99-81 99-81 FOREIGN. Bales. High. 11 102% 85% 98% 98l 90 Libays. Low. Olose. 102 102 85 86% 9B DRI 9Kl O8I 987 99 109% 109% #T%4 74% 7% 94% 99% 102% 997 108 95% 42 90% 92% Argentine 78 Austria 7 Belgium 7%s. Belglum 6 Belgium 8 Bern # Bolivia 8s. Bordeaux 6 Brazil 7s.. Brazl 8a. . Canuda 651926 . Canada 5% 1929, . Canada 58 1952. Chile 85 1941 Chile 751943, .. Chinese Gov Ry Copenhagen 5% Cuba 5% ctls. Czechoslovakla 8s. Denmark 8: Denmark 8s. . Dutch E16%s Dutch Framerican 7%s. . French Govt 8s. French Govt 7%s Haltd 8s...... Japanese 1st 4% Japanese 4 Jergen UM 65 '47. Lyon 6s...... Marseille 6s. Montevideo 7 Netheriands 6 Norway 8s...... Norway €s 1943. Norway 6s 1952. | Orlent Dev deb 6s. | Paris-Ly's-Med 6s. Prague T%s. < 108% 957 42 90% 2% 95 109, 95% 90 95% 86 95 1% 91% 9% 80% 79 75 6% 8% 96% 8 | Queensiand 6s. . | Rio de Jan 8s 1946. { Rio de Jan 88 1947. | Sao Paulo Btate 8s. | Seine Dept of 7s... | Serbs Croats Slo 8s weden 6 wiss Confed 8s |Toklods. ... 5 Ud: Kingm 538 '29. Ud Kingm 6s " Ud Steam Copen 63 Uruguay 8s.... MISCELLANEOUS, Ajax Rubber 8s... & 94 Am Agr Chom T%s 2 100% Am Chainsf6s33. 2 94% Am Smlt&R 1st5s. 28 927 Am SmlIt&R 6s 103 Am Sug ref 6 AmT&Teves.... AmT&Tcltrbs.. 39 AmT&Teltrs {Am T & T deb 5 Am Writ Paper 6 Anaconda cv db | Anaconda 1 | Armour & C . Armour of Del %3 Asso Ofl 6s rets. tlantic Refin 55. . ell Tel Pa b8 | Beah Steel 5% | Beth Steel pm Gs eth Steel £f b Both Steel s f 65. .. Brier H St 18t 5128, Bkiyn Ed gen bs Calit Pete 6%s wi. Central Leather 53 Corro de Pasco 85. | Chile Copper 65. | Commonwth P 6s. . Con Coal Md 15t 5. Cuban-Am Sug 8§s. Cuba Cane cv d 5. Dery (D G) 7s. . Det Edison ref 65. Du Pont de N (38. | Duquesne Light 65 { Eat Cuba Sug 7%s. Empire G&F T5s. | Fisk Rubber 8s. 3en Elec deb § Soodrich 6% Goodyear 8s 1931. Hershey 6s 1942... Humble O&R 5%s. (llinois Beil 1st 5s. 2 Indiana Steel §s... Int Mer Marine 6s. {Int Paper 1st 58 B. KCP&Lt5s ASZ. Kelly-Spring 8 Liggett & Myr: Lorillard (P) bs | Magma Cop cv 7s.. Manati Sug sf Tis Marland Oil 7%s. Mich St Tel 1st 58, Midvale Steel is ct Montana Power 58 Morris&Co ist 4338 New Eng Tel bs... 2 N Y Edsn 1st 6%s. INYG EL H&P 58 N ¥ Tel 68 '41. N Y Tel 68 "49 N Am Edison Nor States Pow Northwst B Te 7 Pacific Gas & El 53 Pacific T & T bs 52 { Pan-Am Pete 7 | Pan-Am Pote 6% Phil & Rag C&1 58. Phila Co ref 68 A.. Plerca-Arrow 88 Producers & RE & | public Service 5s. . Punta Alegre. Saks & Cost T Sinclair Ofl 7. Sinclair Ofl 648. .. 45 Sin Crude O11 5355.140 | Sin Crude Ol 65... 25 Sin Pipe Line bs... 30 South Bell Tel 1 So Por Rico Sug 78, 1 Tenn Elec Pow 68. 5 Tide Wat Ofl 6%s. 7 | Toledo Edn 1st 78, 1 Union Bag & P 6s.. 8 US Rub 18t rf 65.. 27 U S Rubber 7%s... 10 USSteel s£63..... 12 Utab Pow &Lt 5. 5 Vertiuntes Sug7s. 3 Va-Car Chem 7s... 5 3 93% 100% 94% 9214 103 1017% 224 9815 8% 927 103 102% . 2 . 8 3 1224 915 978 97% 4 1074 9% 110 1035 95% 89%. 98, 98 5% 95 101 948, o - Z82nBuonh waa ©o ol 102% 1077% 97 87 106 103 89%% 93% 85 12% 103 111 107% 96% 99 90% 954% ‘ar Ch Tis w. ‘Westinghouse Wilson & Co 1s Wilson&C cv 7%4a. wilson & Co cv 6 Youngstn S& T 6s. 19 —_— GRAPE CROPS DECLINE. Reports Reveal Surprising' De- creases During Year. BUFFALO, N. Y., January 12— New York's grape crop decreased 44 per cent in value in 1923, Peunsyl- vania's 45 per cent and Michigan's 47 per ocent, according to a report made public by the New York state department of farms ana markets, in conjunction with the Pennsylvania Michigan market bureaus and the :}‘:‘lmd“flla‘al bureau of agricultural economice. ia grapes in eastern mar- .ec‘:ll{:mo:ww‘:’on wil:hnet:;o 3‘:‘: k-Pennsylvania moves Formy twice' the total production of the New York and Pennsylvania vine- yards, the report said. Between Sep- tember 26 and October 20 New York oity, Chicago, Boston, Pittsburgh, Philadelphia, Detroit, Cleveland, St. Louis and Cincinnatl, the principal primary markets, recetved 9,088 cars [from California. | SEEK BIG DRY GOODS FIRM. DENVER, January 12 (Special)— Officials of the Scruges, Vandervoort and Barney Dry Goods Company of St. Louls are negotiating for the purchase of a controlling interest in the Denver Dry d# Company, one ent stores be- 5% BONDS srox excuinez] Direct to The Star Ofice. RAILROADS. ‘Bales. High. Low. Close. L1056 88% 88 R8% Atchison adf 4s... 10. 81% 8l% 8l% B&Oprinsts... 68 97% 97% 97% B&Ogoldds..,.. 89 B3% B2% 82% B&O6s o 26 101% 100% 101 B&Oevdlen 60 8 85% IB&Orefbs....... 47 854 85% B&O PLE&WYV 4 80% 80% B & OSW div 34s, 24 9T 9T B & O Toledo 4s... b8 68% C9% Bklyn-Manhat 66. 201 2% T8% BkiynRT 78°21... 6 100% 100% Canadian North 78 5 112% 112% Canad North 6%s.. 18 112% 112% Canud Pac deb 4s.. 13 82s B2% Car Clinch & O 6s.. 73 9% 98 GentotGau...... ' 100% 100% Central Pacific 4n.. 7 87% 8T% Ches & Ohio cv 6s.. 28 91% 91% &Ocv4%s... 12 89% 89% &Ogndks.. B 8 €64 34 84 98% 98% 78 78 51% 52 51 b1 56% 68 72% 3% 66 b6 0% 0% 51% 51% 9% T9% 6% 76 79% 79% 7% 7% 79 79 114% 116% 103 103 74% 101% 9T% 103% 834 % 3834 €64 64 Atchison gen 4 Chi & E 11l gn Chl Great West 4s Chi M &St Prf 4%s 30 Chi M&St Pev bs.. 22 Chi M&St P 48 25. 120 Chi M&S P ov 4% Chi M&St P 4s°34 CM&SL Pdb4s.. 1M & St Pgu4%hs. I Rys 58.... ChiRI&Pgnids.. 7 ChiR1 & Pacrf 4s. 47 Chi T H & SE s 5 'hi Un Sta 6%s. 3 Chi & W Ind 7% 1 Chi & W Ind cn 4s. CC&StLrf6s A . Cleve Term bs Cleve Term 5%a Colo & Sou 4%s. Den & Rio G en 4s. D& RGstrf 5s. Det United 4% e 15t con 48 ric gen 4s . is conyds A Erle conv 4s D Gr Trunk sf db 6s. rand Trunk 7s ir North gen 7s... Gr North gen 5%s. Havana ERL&P 55 Hud & Man ref 6s. Hud & Man a] 6s. .. Iil Central ref 4s.. 1l Central 5%s. Int Rap Tran 58, Int Rap Tr bs stpd. Int Rap Tran 6s. Int Rap Tran 7s. | Int & G Nor a3 6 Int & G Nor 15t 6s. lTowa Cent rf 4s. Kan City Ft S 4s. Kansas Citr S 3s.. Kanses City S 5u. . Kan City Term 4s. Lalke Shore 45 '28, ke Shore 4s'31. Louls & Nash 7. Louis & N 5s 200 Manhat Ry cn 4s.. Market St cn 5 Mil El Ry & L 5. SSM 634e. MK&TI1st4s.... MK&TprinisA. |MK&T4sB... MK&T6sC MK& T 2dj Gs. Mo Pacific 63 Mo Pacific gn | New Or Term 45 ¢ Cen deb 6s. ¥ Centriss ¥ Cent cn 4598, ¥ Cen LS cl 33¢s. ew Haven cd 6s. ow Haven d 45 '57 ew Haven 7s..... ow Haven 7s fr. . ew York Ry aj b3 Y State Ry 4 %s. Y W & Bos 44s. orfolk & W cn 4s Nortalk & W ev 64, orthern Pac 2s orthern Pac 4s... {Northn Pacr i 6s.. Northern Pac s D. |Ore & Calif 18t 5s. . re-Wash lst rf 43 Pennsyl gen bs. Pennsyl gen 4 | Pennsyl 6%s Pennesyl gold 7s. | Peunsyl con 4%s. Peoria & E inc 45 Pere Marg 1st § Pore Mrq 1st 45 ‘56, Reating gen 4s. Reading gn 4% swi 1 Rio G Westcl 48 JRIArk & L4%s. St L IM&S R&G 4s. StLIM&S 4s°29. 65 10 9 19 67 |StL&SFplasA 113 StL&SFprinss. 10 StL&SF inc6s... 66 StL & S F ad) 63 15 StL&SFplesC.. 12 StLSWistds.... 5 St LS W con 4s '32. 12 StPUnDepbis.. § San A & Arn P4s.. 23 Seab'd ALref4s.. 31 Sesb'd A L adj 42 Seab'd A Lcon 6s., 48 Sou Pactfic 451929 18 Sou Pacfic ref 4s... 13 Sou Pacificelt 4s.. 1 Southern Ry 1st 58 22 Southern Ry gn 4s. 39 Southern Ry 6%s.. 36 Southern Ry 6s ct. 374 Xhird Ave adj bs.. 52 Tol StL& W4s... & Union Pac 1st4s... 1 Union Paclstrids 1 831 Uniop Paccvds... 48 961 TUnion Pacev 6s. .. 18 103% Union Pac1st rf 5s 18 102 virginia Ry 1st6s. 19 94 Western Md 4s. 9 62 Whel &LErf 4346, 7 53% Wisconsin Cent 4s. 8 78 TODAY’S COTTON PRICES. Considerable Covering Follows Yesterday’s Decline. NEW YORK, January 1§—Yester- day's sharp decline was followed by considerable covering at the open- Ing of the cotton market today. First prices were steady at an advance of 7 to 25 points, in consequence, with March selling up to 34.10 and May to 34.20. There was further liquida- tiom, but It was smaller in volume, and the early buying was promoted by rallies from an early decline in Liverpool and reports that prepara- tions were being made to ship about 50,000 bales of cotton out of the local atock. After the first flurry of cov- ering was over, however, the demand tapered oft and prices reacted. with March selling down to 33.84 and May to 33.95. NEW ORLEANS, January 12—A better Liverpool market than - ex pected caused a rise of 12 to 28 points in the price’ of cotton here on the opening today, but the market was full of selling orders, under which it almost immediately fell off. At the end of the first half -hour of business the trading positions were 7" to 28 points lower than the last sale of yesterday. NEW YORK, January 12.—Cotton futures closed irregular. January, 83.55, nominal; March, 33.84a33.8 May, 83.96a34.04; July, 32.95a33.96; October, 27.98, 4 NEW ORLEANS, January 12.—Cot- ton futures closed steady at net gains of 1'to 4 points. January, 33.70; March, 33.87a33.92; May, 33.54a33.63; July, 33.77a33.80; October. 27.44a27.46. Spot cotton, steady and unchanged. Sales on_the spot, 1.377 bales; to ar- rive, 1,279; low middiing, 31.50; mid- dling, 34.00; good middling, 35.12. NEW YORK, January 12—Cotton- seed oil- closed steady. Prime sum- mer yellow, 11.26a11.80; printe crude, 9.75, *mominal; sales, 3,600 bal, Janwary, 62% 7% 100 1% 9% 26%% Ti4% 49% 45% 1% 981 874 846 97 71 104 7% 45 78 92 wethers, 8.75a9. iNANCIAL Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. PRICES ARE STRONG . IN LOCAL MABKET * No unusual changes in prices were | Unusually Large Number of Sales Teported this morning. The most in+ terosting feature of the week's ma ket, according to dealers, was a weak- ening of the butter and egg prices. Butter prices are expected to bo sev- eral cents lower the coming week. New llma beans, green peas and Etring beans are being recefved from the south, beans being particularly plentiful and cheap. Peas also have been fairly plentiful this week and cheaper, but higher prices are asked for limas, Practically every vegetable to be found during the summer season 1s on the market. Tomatoes are ospe. clally fino this season, dealers report, and prices are determined by the quality of the vegetable offered. Eggs—Strictly fresh, selected, can- dled, per dozen, averago re- celps, 95; storage, 26427, Live poultry—Roosters, per Ib. 15; turkeys, per ib., 25; spring chiciens, per Ib., '25a26; Keats, young, each, 60a W; fowls, per b., 23a24. 3 Dressed poultfy—-Fresh killed spring chickens, per Ib., 30a32; roasters, per 1,082 hens, per b 26als; tur- el o ad0; keats, 0 3 each, 80a85; Foosters, per b, 20° Game—Rabbits, No. 1, per dozen, 2.00a3.60; No. 2, 1250150, © Live stock—Cal choice, per 1b., 1 medium, per 1b., 12a13; thin, per 1b., 8a10. Lambs, spring, per Ib, 13, Live plgs, 3.00a5.00 each; live liogs, per Ib., 8, i Green fruits—Apples, 6042.00; box, 1.50a2.003 2.0026.00. California crate, 3.50a5.25; per basket, per barrel, OTAnges, per Florida, 5024.60. Lemons, per box, 3.6084.50. Grape- fruit, 3.00a3.50. 'Cranberries, 5.00a 5.50 Der one-half barrel. Grapes, Cal- ifornia Emperors, 1.50a2.50. Vegetables—Potatoes, nearby, per bbi., No. 1, 2.50a3.00; No. 2, 1.50a2.00. Potatoes, round, per bag, 1.76a3.25: sweet potatoes, 6.00a8.00 per bbl. Southern lettuce, per crate, 1.00a2.00; "berg, 2.50a3.25. Cabbage, northern, 04250 per 100 1ba; Fiorids, 1.50a 175 “basket; nearby, 1.00a1.50 bbl Tomatoes, Florida, 3.00a5.00. Beans, southern, ‘per basket, 2,00a3.00. Peas, per_basket, 150a3.50. Cailfornia, 6.00 Squash, 2.50a3.00. Peppers, per b Florida, 2.00a2.50. Eggpiant. 4.00a6.00. Kale, per bbl. 1.50a1.75. Spinach, per bbl, 3.00a8 Southern cucumbers, per bushel, 4.50a5.00. Car- rots, 100-1b. sack, 2.28a2.50. Brussels sprouts, 20a25, GRAIN AND PROVISIONS. _HA!:TIM()RE, Md., January , 12 (Special). — Potatoes, white, 100 1.00a2.00; 250-pound sack, sweets ‘and yams, barrel, ;, bushel, 1.00a2.25. Beans, 1.2582.75. ‘Beets, 100, 4.00a6.00. Broceoli and kale, bushel, 30 Brussels sprouts, quart, 20a25. ¢ bage, 100, 4.00a6.00. Savoy, bushel, | 40a50. “Carrots, 100, 4.005.00. Cauli- 2:50a3.50. Celery, . Cucumbers, crate, 5 Eggplante, crate, 2.50a3.50. Horseradish, bushel, 3.00a4.00. Let- tuce, bushe, 1.25a275. Onions, 100 pounds. 1.5023.00. yeter plints, 0. Parsnips, basket, 45a 8, hamper, 1.50a2.00. Pep- pers, crate, 1.50a3.00, Spinach, bushel, 75al.25. Squash, crate, 2.00a3.00. To- matoes, cra 2.50a4.50. Turnips, bushel.’ 40, Apples, packed barrel, 2.00a4350: bushel, 50a1.25; loase, 100 pounds; 1.00a1.35; box apples, 1.25a2. Cran- berrits, barrél, 6.00a9.00. Grapefruit, hox, 1.50a; Oranges, box, 2.00a 3.00. Pineapples, crate, 3.00a5.00, Strawberries, quart, 50. Settling Prices on Grain. 2 red winter, spot, 0. 3 red winter, spot, no quo- o. 2 red winter, garlicky, do- thestic 1.1234; export, no quotation; No. 3 red winter, garlicky, spot, no quotation; No. 4 red winter, garlicky, spot, no quotations. Sales—None. Corn—Cob, new, 4.20a4.25, for vel- Jow, and 4.0624.10 per barrel for . % corn, spot, 87%; No. 3 t $4%; track corn yellow, No. 0 Sales—None. Oats—No. 2 white 54% and 55; No. 2 white, new. 53% and 54. o Rye—Nearbly, T5ass; No. 2 rye, spot, 015, Hay—Receipts, 96 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 dumaged stock IS a slow sale at un- certain prices. Quotations—Ni 28.00 per ton; , 2400825 clover, lover, 3 11 £ lo 00 1 straight rve, 24.00a No. 1 tangled rye, 15.00 ‘wheat, 13.00214.00;" No. 1 0. DAIRY PRODUCT! BALTIMORE, Md., January 12 (Spe- cfal).—Live poultry—Turkeys, 1b., 18 young chickens, 18a26; leghorns, : old hens, 18a26; leghorns, 18a 20; old roosters ducks, 20a2 geese, 18a25; pigeons, pair, 25a30; uinea fowls, each 35a65. E Dressed poultry—Turkeys, 1b., 18a2 chickens, 25a28; old roosters, 16al7; ducks, 25a28; geese, 20a22. Bggs—Loss off; native and nearby first, doz., 35; southern, 34. Butter—Creamery; &ood to fancy, 50a56; prints, 56a58; nearby creamery, 42a46; ladles, 34a35: rolls, 28a30 store packed, 26; dairy prints, 28a3 process. butter, 39. TODAY'S CHICAGO PRICES. CHICAGO, January_12.—Although a fresh advance {n Liverpool wheat quotations led to something of an up- turn ih wheat here today at the start a reaction quickly ensued. The fact that the corn market wae only steady operated as a handicap on wheat bulls. An estimate that farm reserves of wheat in Kansas amounted to more than 12,000,000 bushels tended also to restrain buyers. The opening, which ranged from * decline to % ad- vance, with May 1.09 to 1.09%, and July 1.07% to 1.07%, was followed by a general sag to a littls below ves- terday’s finish. Predictions that an increased move- ment of corn would take place next week if weather and prices remain favorable checked demand in the corn market. Rural offerings, however, continued light. After opening un- changed to % higher, May 77% to 77%a77%, corn underwent s moder- ate setback. Oats held relatively firm, starting unchanged to a shade higher, May 46a46%, and showing but slight sub- sequent change, Provisions were easy, in sympathy with corn. High, Low. Close. G 1.00% CHICAGO LIVE STOCK MARKET. CHICAGO, January. 12 (United Three New Bank Di- rectors. b4 LIBERTY NATIONAL ELECT: National Im Company Re- = ports Prosperous Year. £ 4 Prices were decidedly strong in 1o day’s sesslon on the Washington Stock Exchange, the day being fea tured by an abnormal volume of busi ness for a week's closing trade, Railway common #0ld to the extent of fifty shares at 70%, while the pre- . ferred was less active, but firm, a1 74%. Riggs National Bank was firm 1y pegged at 295, and Capital Traction was up fractionally to 943. DMer chants Bank and Trust Compan: showed a slight increase to 129%. On the unlisted department, De partmental Bank brought 5%, and 100 shares of Standard National changed ownership at 12. A total of $10,000 Potomac Electric Power 68 of 1953, at 101%, represented - bond transactions. Three New Directors. Thres new directors have been, elected to serve on the board of the International Exchange Bank during 1924. They are Samuel Miller, Do- menfco Del Vacchio and Louts Rosen- berg. Re-elected members include E. Joseph Aronoff, Fernando Cuniberti, Leopold B. Freudberg, Frank T. Ful- ler, J. C. Harding, F. B. McGlvern, L. J. Mills, F. L. Neubeck, Dr. M. H Prosperi, Joseph Echiavone, Alfeneo Tana, John Vaccara and John Zanler Deposits of the bank gained ep- proximately $110,000 during the year. Mr. Schiavone announced. Liberty National Officers. Annual election of officers by direc- tors of the Liberty National Bank late yesterday, resulted in no change for the ensuing year, the following having been renumed: George O. Wal president; Edward J. McQuade sident; M. F. Calnan, s B. Skinner, assistant and Thomas P. Littlepage, counsel. Week’s Bank Clearings. As there was no holiday this weel bank clearings are for six busineet days and show an aggregate of $7.- 872,780,000 at leading citles of the . United States. This amount is’fractionally larger than that reported for six days a . yoar ago, the increasa being confinea 1o centers outside of New York. Thus. the outside cities show a total of $2,905,780,000, which is 3.7 per cent. more ' than ‘tha clearings for this period of last year. For ail cities, in- cluding New Vork, the week's clear- Ings are 9.8 per cent in excess of those of this week of 1922. Failures, on the other hand, show . 4n Increase, the total reported to R G. Dun & Co. being 543. This com- pares with 425 defaults for five days of last week, but is slightly below the 546 Insolvencies shown for six days™s a year ago. Company Has Good Year, The National Mortgage and Invest ment Corporation enjoyed surplus and undivided profits of $345,017 as of De- cember 31, 1923, sccording to annual statement of condition available to day. Deductions of $168,32¢ wer made from gross profits to meet con tingencles, preferred stock dividends and the income tax to June 30 last. RAIL MERGERS OPPOSED. National Trafic League Wants No Action by Congress. Speaking for the Natlonal Industr Traffic League, John . Burchmore. counsel, asked the Interstate Co merce Commission today not to rec. ommend adoption of the tentative railroad-consolidation plan by Con- gress. Whatever the law requires of the commission in the way of making consolidation plan, Mr. Burchmor sald, could be satisfied by simply re porting the views and representa- tions of raflroads, communities and geographical arcas upon consolida- tion proposals. The traffic league regards the com mission’s _ tentative plan as Roing cansiderably beyond the scope of the aw. e WOOL MARKET STRONG Week Closes With Upward Ten- dency in Prices. Special Dispatch to The Star. BOSTON, January 12—The wool market closed the week strong, and while joes were not appreciably s VAN they showed a general up- ward trend. Foreign wools continued to attract considerable attention, bur: fine staple territory was the feature of the trading, with quotations rang-’ ing from $1.35 to $1.40, clean Boston, DRY GOODS MARKET. NEW YORK, January 12 cial) —Trading in the cotton o market was light today, both in gray. g00ds and sheetinga = Print cloths were steady at 11 ccnts for 64 by 608 and 1213 cents for 68 by 728 Prices in the raw silk market were lowored" «'fi(m 10 cents & pound on Japanese " silks. The market was qulet both:- here and in Yokohama. NEW YORK DAIRY PRICES. - NEW YORK, January 12—Butter ' —Firm; recelpts, 13,044 packages. Eggs—St. recelpts, 10,010 cases. , State, nearby and nearby western hennery whites, firsts to oxtras, 4Za $: Pacific coast whites, extras, #9%a 0., firsts to extra firsts, 44a49. Cheese—Steady: receipts, 108,941 Ibe State, whole milk, flats, fresh, aver- age run, 20%a211f. - BOSTON STOCK MARKET. BOSTON, January 13.—Follo 18 a list of today's highest, lowest and * closing prices for the most active stocks dealt in here: Am Agri Chem Am Tel & Tel Amoskesg Arcadisn Cons . Ringbam Mills © Calu & Fecla ‘arson Tilil M| Counor J Pacific Mills St Maryland .95 | Shannon . 10.00 | Shoe Mach' ", Simms Magneto .. Swife & Co Yenturs Oil States Department of Agriculture).— | Waldort Cattle—Receipts, 1,000 head; compared | Warrea Bros. ‘week ago. Beef steers and yearlings, unevenly, 25 to 75 higher; bulk prices follow: ~Beef steers, 8.00210.00; stock- ers and feeders, 5.25a7.00; fat cows, CHICAGO STOCK MARKET. CHICAGO, January 12.—Following is 4.5088.25; beef heifers, 5.50a7.50; veal |a report of today's sales, high, low and® calves, 11.00a12.00. closing quotations at tha Chicago Stock Hogs—Recelpts, 11,000 head: b to 10 | Exchange: higher; good and choice 200 to 28 pound 'averages, 7.40a7.50; top, 7.50; desirable 160 to 130 pound averages. 7.25a7.85; packing sows, 6.75a6.85 slaughter pigs, strong to 25 higher; bulk, strong welght, 6.50a7.00; estis mated holdover, 3,600 head. Sheep—Receipts, 2,000 head; steady; compared week ' ago, fat lambs, 16 to 25 higher: shorn kind, uneven, about steady: top fat lambs in fleece, 4,400 head. Week's bulk prices follow: Fat wooled lambs, 18.00a13.85; clipped lambs, 11.00a12.50; yearling wethers, 10.75a11.60 ed fat ewes, 6,75a8.00; 0 | Sules. wooled | High, 100 Armour Leather .. "")“ 25 Armour Leath pid 7715 120 Armour of Del pfd 92%] 20 Common Edison pETLH 250 Continental Motors & 225 Middle West Utll. 46y 425 M rd. 26 S3us Fra 20 Quaker Onts pfe 100 Stewart ‘W 70 Swift & Co . 515 Switt ‘Tnt . 2z 85?‘ ;§ Wabl . 1820 Wrigley N