Evening Star Newspaper, January 21, 1924, Page 22

2 - ¥ FINANCIAL, THE EVENING STAR, WASHINGTON, D. O, MONDAY, JANUARY 2f, 1924 ADVANCES SCORED |~EW YORK STOCK EXCHANGE | |IPENING IS STRONG |[=—~== roxx BONDS o reemanr] INSPECIAL ISSUES IN BOND MARKET (Sales are in $1.000.) UNITED STATES BONDS. Wall Street Sentiment Very Week Starts With Railroad Much Divided — Selling Issues in Favor—Gains R I P B Heavy in Some Stocks. in Favored Groups. FINANCIAL. {Grain, Produce and! Live Stock RAILROADS. WL HOOVER WL 81% 814 525, | H .16 82% 82% 8 10 97% 97% 831 B2z 101% 101% 8614 85% 863 86 80 80 97 97 69 69 4% 4% 96% 963 891 89% 112% 112% 112% 112 81% 81% 98 97% 101 101 8613 BBl 92 ol 901 B9%s 85% B o8 38'a 984 7% _— High. Low. Close. 78% 72% 72% |Lee T & Rubber. 9% 9% 9% | Lehigh Valley. 100 100 100 |Lima Locomo. 71 701 70% |Loews Ino. 50% 49% 50% | Loft Inc. 15% 14% 14% ; Loose-Wiles on g an) Lortllard (P), 103 10z 102 | Louls & Nash. 35% 85 35 | STatkay Cos pf.. 79 ok Trucks. 106% 104% ¥igma Copper. neoan Mallinson & Co. 120 120 Manat! Sugar. .. 23 23 Manhat El Sup. . n u Manhatn El guar 34 38 Manhat Shirt. 6 6% Mararatbo Ofl. 93 96 Market St R 2d. 96% 98 Market 8t prior. 1% 1% Marland Oll. Gdy B4 Marlin-Rockwl. 2% 28 Martin-Parry. 0% 10% Maxwell (A) 20% 197 Maxweil (B) 1_{‘ c'i_j) May Dp Storar T T2 Met Edison pf. 19 119 Mex Seaboard. .. 9935 98% Vex Seabd ctfs 3 4 Miami Copper. 100 100 Vidale St Of1 6 Minn & StL 14% Vo Kan & Tex 6§ Mo K & Tex pf. 8 Vo Pacific, 55 { Mo Pacific pf..... 2 | Montana Power. 1285 { Wonte'y Wara 1iu | \oon Motors i Vot 7 5., | Wother Loa oLy 5% 3 914 3T 93 134 801 335 Open. High. 16 18 0% 72% 66% 1% 8 67% 171 884 668 86 31% 307 64 404 354 Low. Close. 16 16 0% 1% 65% A6k 1% l;fi 8 57% 574 7 171 88 8% 66 66 B4t 84w 31% 31% 29% 30% 64 64 39% 404k 34% Ba% 42% 42% 3l 32 23 23 63 63 3% 37 123 13% 2B% 54 15% 927 91% 18 Alr Reduction.. Afax Rubbe: All Am Cable Allled Chem. ... Allis Chalmers, Atchison gen 4 Atchison adj 4s. Atlantic C Ll 4 B&Oprin3ts. B&okoldes Sales. High. Tow. Olose. Lib3%s...... 584 99-15 99-10 Lib 1st 4%s 9947 Lib2d 4¥s... 201 99-7 996 Lib3d4%s.. 1417 99-30 9330 Lib 4th ¢34s.. 732 99-10 999 UB4%s1962, 127 100-2 100-1 100-2 FOREIGN. Bales. High, Lot 1013 85% 28% 98 98% Am Ag Chm pt. Am Bank Note. Am Bosck .. Am Brake Shoe. Am Can. Am Can pf. Am Car & F pt. Am Chain (A). Am Cot O ctfs. Am CotOpf ctfs Am Druggist... Am Expre Am& Forpfwi Am H & Leath.. Am H & Lea pf. B&O PLE&WV 4s. B& OSW div3is. 10 B&OToledods... 6 Bklyn-Manhat 6s. 239 BKIR P 7s'2] et st. Buff R&PItt 4%s.. 20 Canadian North 78 Canad North 6% Canad Pac deb 4s.. Car Clinch & O 63.. Centof Ga 6. ..... Central Pacific 4s.. Ches & Ohfo cv 5i Ches & O cv 4%, Cher & O gn 4% Chi & Alton 8s. Chi & Alton 3% Chi B&Q 1st rf Chi & K11l gn os. .. Chi Great West 4s. CM& Puget Sd 4s. 1 Chi M &St Prf 4y, Chi M&St Pevba.. Chi M&St P 45 °25. . Chi M&S P cv 418, CM&St Pgn 4%s. CM &St Pab 4s {Chi RY8 b8.a...... : ChiR1& Pacrf 4s Chi T H & SE 5s. | ChiUn Sta 4%e. Chi Un Sta 6%s Chi& W Ind cn Cleve Term bs Colo & Sou 4335. Cuba R R T%s Cuba R R 68 Del & Hudson S%s Den & Rio G cp 4s. D& R G strf os irie 1st con 4s. rie gen 4s Erle conv 48 A. ie conv 48 B. rio conv 4e D. 5 |Gr Trunk sf db 6s. Grand Trunk ! Gr North gen 7s. Gr North gen 55, na ERL&P b8 Hud & San ref Hud & Man aj bs £pperas crRle; ,m:‘anlru: ref ds 8 b 1: e Ae Looarta {11 Central 5is. ... 0 0% | S: 080! R 111 Cent ref sy TUinine. b E0ee Int Rap Tran & O T n e e Int Rap Tr s stpd. 86 62 apples, Int Rap Tran 6e... 58 b8% | 6.00a10.00. Int Rap Tran 87 | int & G N Int & G Nor 1st s, Iowa Cent 1et 55 iCan City Ft s 4= Kansas Citv § 3y Kanses City & 5s. . Kun City Term 4s Shore 45 ‘28, Lake Shore 4x '2 Lehigh Valley Long Island rf 4s. . Louis & Nuni 4s... Louls & Nash 7s... Louls & N bs 2003. ., . Close. 101% Bb% 98%4 98 98% s 109% 88 4% 8% 4% 96 100% 99% 99% 102% 103 5 102% 6% 108% 92 95% 94% 90% 9ota 95% 84% 94 91 91% a4k 987 BY STUART P, WEST. 1 Dispateh to The Star. W YORK. January 21-—Senti- ment around Wall street today was very much mixed. It was pretty well agreed that the main upward swing had been cheoked, at least temporari- | xrypoo nf B v, and that the speculative movement | Am La Franc: taken as a wigle had slowed up con- | Am Linseed. ... sléérubly. On the other hand, it was ! Am Linseed pt. ‘ecoEmized that rations for tnp}fizgrnm:llv vign Weéré: likely” to’ be continued in ‘Am“.‘;‘:."mr o walocted stocks, oven while realizing | Am Repub Corp. arid profit-taking were going on else- | Am Roll M1l pf. where. It sort of a price [Am Safe Razor. mpvement that was seen Loday. i Am Ship & Com. § { Am Smelting Oil Shares More Active. Am Steel Fay Oil shares came in for more atten- tion than ather group, byt he too, the chan s were far (rmn‘ un forvh. Phillips Petroleum continue Tecl tho depressing eftect of the | Am TODMGCO.c reww stock offering, and Sinclair, Pure | {10 CO0NE Cob - Ofl,- Cosden and Marland were not AmW W 7% " Alsposed to do The feature | 4T of- was.the further adv in Associuted | Am Woolen. ... Dil, accompapied by active buying in | *m Writ Pr p! Padific Oil al the highest prices yot | Am Zinc & Leas em@hed on the present move. Anaconda. s ‘Lehigh Valley was the only rall! Armour of Del pt stock ,which did anything in partic- { Arnold Constab. uiar. ‘Its further Tun uUp @ccompa- | Apgo D Goods. nied = further rise 1 i L1 scribe to the coal shares 5 ! Atchison 1t happened that the market has gone Atchige o 3 3q.far astray in. preliminary fore- | AIchisne B casts of a seeurity. ws it did in the 'Atian Bir & case of these Lehigh rights. Bef. 4t) Gulf pt. rading began on Iriday t! highest | Atlantic Ref. i Auatin Nichols. edtimate was 25 d the low t 16. | Today actual were occurting | Auto Knitter... . ! Baldwin Loce.. at 3 Balto & Ohlo. .. Rarnesdall (A). Rarnesdall (B). Batopilas Min. . | Bayuk Bros Seechnut Pack. Beth Steel. Hath 8t 7% (n).. Blumenthal pf Booth Fish. . Bklyn Edison. Brilyn-Man Tr. Brkin-Man T pf. Bilyn Un Gas. . Brunswk Term. Burne Bros (B). utte Copper. .. Butterick | cagaeon { Calif Pack. Calif Petrol. | Culumet & Hecls | Case Plow Wk, Central Leatn. | Cent Leath pt. | Century Rib Mills. | Cerro de Pasco. BY GEORGE T, HUGHES. Special Dispateh to The Star. NEW YORK, January 21.—Quota- tions for both investment and specu- lative bonds held firm in today’s market and in favored issues ad- vances were soored. The New Haven bonds were espe- clally strong. The frano 7s, dus April 1, 1925, jumped 2 points, com- pared with a gain of only a little 154 | more than that for all last week. oie [ The dollar 7s. maturing at the sgme G4 | time, also were dealt in in large|Chile 781943. 2 | yolume avove %0. The franc 7s are|Chris ;‘“'""’ e 2% {now more than 5 points above their GuPsgsc o §oeilen top, but the dollur T are gifiy|| QUCRORToVAKIsEs 10 1% | below lust years high. St Loufs, 32" | San Franoisoo adjustment 68 wers| bain ot e, . 3 §2 :actlve but without important change | puich magt 18547, 14 25% | In price and, generally speaking, the | s 26 | railroad list as a whole was qufet. g““" ':“' '.,};"‘ "‘” = ramerican s. 9 B Tractions Alve Higher. French Govt 8a.... 90 z In tractions Interborough Rapid | French Govt7%s.. b6 | Transit 76 went up a point, almost | Haltl 6 1023 | # points above the price on the first { Japaness 15t 4 of ihe year. Other Interborough | obligations were firm. Buying con- 80% tinued also in Hudson and Manhattan o 5 % {income 5s. stimulated by favorable | 74 €arnings statements, Third Avenne % Z,g" adjustments ran up above 48 for the | M fdrst time this vear. Among the in- | Netheriands 6 2 ustrials Central Leather s made | Norway 651943 a4 a4 new high on the present move- | Norway 6s 105 934 ment, but Virginia Carolina Chemi- [Orient Dev deb cal tssues were heavy and lower, | Paris-Ly's-Med 6s. Investment buying on high-grade | Prague T4s.. ‘ securities .oontinued, but not so ac- | Gy v Jast woek. Among govern- | Quecnsland Ts 493, [ment bonds the Treasury 4%s made | Queensland §s. 1024 ;& new high on the present movement. | Rio de Jan 88 194 3y | Other liberty issues, especally the | Sao Paulo City §=.. 78 i Second 44s were in demand. United ! gu0 Paulo State 85, Steel cinking fund 0s equaled | gaine Dept of 7s. .. thelr recant high, and the legal rall- [ geif® Qeb2Of I8 road bonds were quietly firm. e e Fereign Group Steady. Swins Confed 85, .. In the foreign group French gov- | Toklo bs..... . ernment bonds were fairly steady. | Ud Kingm 5%a 571 notwithsianding renewed weakneas : (g Steam Copen 63 franc exchange and a slightly | zurich §s . price for the Department of e a .‘):h ‘.\uflrl 75r held well aroun: the low t of last week. United Kingdom 5t of 1937 showed Tghistance to further selling. _State of ugensiand 6s however, again sold | below pur. - Japanese obligations were | AT SmIt&R ta. zctive and Slightly higher, | Am Sug ref ge. _ The most interesting of the new'AMT&Tcvés.... | iésues was the $7.200,000 of Norfolk Am T & Tcltrés.. "‘nd Western 41 per cent equipment | AmMT& Tcltrds.. rust ccrtificates. The fact that these | Am T & T deb 518, 48 equipments could be mold on a basls | Am Writ Paper 6s. 3 ranging between 4.50 and 4.90 per | Anaconda cv db 78. 74 joent Is a striking commentary on the ; Anaconda 1st 6s... 56 ease of the money market. Armour & Co 43%s. 10 e Armour of Del 5338 18 ¢ |BETTER COTTON CROP |Ameonizrn™ it @2 ESTIMATES SOUGHT | Barnsdalla £ G Bell Tel Pa 5a. 435 Bills' Introduced in Congress Aim at Changed Methods in i Beth Steel b%5 ‘63, ©hiltp Morris 213 | | Beth Steel £t 5s.... 841 > Government Reports. 35 Biils designed to fnsure better cot- Phillips Pate. | Beth Steel pm 68 ferce Ar pf. ) St 1s ! | Callf Pete 6les w I, 98y 1on crop estimates and ginning re- Central Leather ports were introduced today in the Chile Copper 6s Senator Harrl democrat, | Commonwth I* 65.. and the House by Repre- a sentatives Rankin, democrat, Missis- demoerat, € sures have the of the Agricuitural Con Coal Md 15t 5 Cuban-Am Sug 8 Cube. Cane cvd 8s. Cuba Cane cv Dery (DG) 7e. 47w and were drawn as @ result of a Dot Edisonret 26% | 8tudy of the subject by a committes 431, | of southern senators and repressntac 12234 | tives. 5714 One bill would stop the ootton aocre- 2)"‘&5(‘ estimates of the Department of Belgium 6s. Belgium 8s. . Bern 8a. Bolivia 8s. vea of directort eltm. per a4.25 o ~SReerana Canada 5% s 192! ada bs 193 'Canada 53 1952 Chile 8s 1946. Chile 83 1926. Chile 85 1941. Grapes, Cai- o nearby. per 2, 1.50a2.00. per bag, 1.7543.00 6.00a7.00 per bbl per crate, 1.00a2.00; hbage. norther: : rida, 1.00a1.5¢ 00450, 3y ant was th 2 Baird David Eo 375 | & tmmediately prior to the 128% per cr 149% 4.00a6.00, turkeys, per Il 25230; spring chickens, e s, per young, each, | William D. Heoves stock—Caives, choice. per Ib. iism D Hoow pOreen fruits—Apples, per basket, B 1 fnary advice 3.0023.50 dent: Frank round, bask neark ™) 77 | Squash, 3.00a4.00 Spinach 75 |rots. 100-Ib. sack, 25 National Savings and Trust Jae flr"m S plicats, youns, emch, 60a} Dressed oultry—Fresh killed apring | Stockholders to Meet Late ad), roasters, per . . per i | Today—Exchange Trading. : roosters. per Ih,, 20, | Rabbits, No. 3, o cdbum, por 15, 1515 thin, par | 2t D Lambs, spring, per 1b., 13.; Trust Comn , 3.0025.00 each; lve hogs, at the 2.00; box, 300 per barrel, 861 {2.00a6.00. California o e s 91%, |crute, 350a5: . e o B !fl"‘-’:u o |t be renamed, « 5.50 per one-half {fornia Empero; Vegetables. fAcer;: & amborn casurer Fotajoes, roun a T Lamb treasure Southern tuce, s v : 0a3.2 s atoes, Florida, Beans, . southern, per basket, Peas, "‘ per basket, 4.00; , ‘elel ee 76% | Florida, 2.50a 78% | Kale, per 907 | per bbl., 97 | sprouts, 20a2b. 83% v 101% Roostars, per 1b., 16; | chickens, per 1b.y h Z6a tur- per dozen, | No 1.26a1.50. ! er Ib., 77, pex > % to be he per ing: Woodbury bi.. No. 1, per 100 “ ornia, 6.00a6.50; 114% |cumbers, ‘per bushel, 8 Nat Riscuft Nat Cloak & Suit. Nat Cloak & § p Natl DeptStore B82% | Nat] Dept Sto pf. 9814 § Nat! Enamel 894 | Yar) Lead. 2 |Natl Ry of M zd. 12% | Nat Supply. | Nevadu Copper. N Or Tex & Mex. { ¥ Y Air Brake. RAIN AND PROVISIONS. BALTIMORE, Md, Special) —Potatoes, % A1 60 102% 40 95 42% 143 | 1% €5 “abbage. a50. a 424 | Alr Brk (A). N ¥ Central. %N ¥ C-Readgrts. NY Chi &8tL.. | v e & stLpt. O | NYNHAHartrd. S4n | Norfolk South G2 | North Amer. a3 | North Am pt. 1224 baser 584 1.502 Parsnips, per, 3.00a Spin- crate 0ad.00. Lettuce, Onions, ibs.. nte, 100, £.00a5.00. Giaks. Peas, Corn Produvts Higher. JIn connection with the rise in Corn Phoducts, « $3 dividend on the whe discussed This would me t on the old stock, whis di went well above its h all time 5 The wdvar Yew York city trac- tions. Brook and Manhattan com- vion, Interborough Rapid Transit and could not h: been anything elsc_than a bold speculation. B. M. T. ed could pay a dividend the carnings are now, but there is | intrinsic . vaiue to the The only excuse for an ad- » in Interborough Rapid Transit rd Avenue Is that their carn have been helped By the ex- truordinary absence of snowfall, which 4s kept down operating expendi- sies Consolidated Gas continued the ue tive of the public utilities. Much of the buying in this stock was due to desire of pe ns who had made in the recent advance in the 4l share list to/ switch into s of the investment type, such 4 Consolldated Gas. It is expected | Certain-Teed that the 1923 report will show earn- | Chandler Mot ings of approximately $3 per share, | Chesap & Ohio. and estimates of current net income | are at the rate of $12 per share. Westinghouse Electric Gossip. Those who have believed all along that around he end of Westing- nouse’s fiscal year—March 31—there was a likelihood of shareholders re- celving miore in dividends are as cor that such action wil has paid $4 per ad It fa calculated r this fiscal year around $8 or $9. would not come house's book- ed December totaled $36,435.500, a8 against in the same quarter of | Comp Tabula 1962 and us compared with SIL94D.- Congoleum Co 100 for the September, 1923, quarter. | Gonley Tin Foll. Plerce Oil ssues, notably the pre- | Gon ¥ o0 ™ ferrod, are etill in demand. The pre- | SON LT ferred” stotk opened ‘up at 36, as | CONSCIEEIPuc against Saturday’s cloke around 30, ) @RS AR and its continued strength in face of ; Cns Tex! uegishness elsewhere indicated | Cont Can. semething more than the current ex- | Continental Mot planation that “a turn” had come in |Corn Products.. Plarce Oil's affairs. The street hears | Corn Prod(new) *hat other oll interests have been | Cosden & Ci seeking control” of the company. Crucible Steel. . Stockholders of Ray Consolidated Sypan-Am Su il be called upon ording to the iy sug pr. ariginal to raUIY on ' CupaCane Sug. iy from S1a.. Cuba Cane Spf.. o ; Cuban Dom’can. s0 that Ray Cuyamel Fruit.. iino. The combination purpose, officials said, to! payison Chem. b | Davison rts <. | Two Years' Improvement Lost. i De Beers. Eterling exchange, under §4.20, was | D Lack & West. lowhc: (hAn af-mny tifie either this Detroit Edison vear or last. It was within less than | Dome Min 5 cepts in.the.pound of the bottom Agure of Januaty, 1902, which meant “he undoing of nearly the entire im- : 108% rovement of tho last two years | Duduesno 1stpt. 108% Last_year at this time, with sterling | Elec Stor Bat... 61 “round §4.70, it was predicted on both | Eik Horn Coi 12% aides of the water that the rate| GatonAxle & 23% would soon get back to ita pre-war | pndicott-John.. 65% par of $4.86%. eiieg, 261 ‘The upret of these calculations has| Grie et pi. 2% me ahout partly as the result o ‘he swing from a relatively favor- | Brie3apt il able to a distinctly unfavorable bal- | Famous Players 71 in British forelgn trade and| pifth Ave Bus.. 11% ¥ use of the unsettled po- | migher Body. 185% iitical and labor conditions. | Fisk Rubber.... 10 eyl g Late Trading Confused. i Flelshman. AT% 48% | spicer Mfg Co Further marking up of ol quota- | Freeport Texas. 11% 1% 5t 011 of Calif.... tions made a favorable setting for : 1% | Stand Ot of N3 | Gen Asphalt.... 44% 44% | Stan e 6% 7514 | StOfl of NJ pL. 94 94 | Sterling Prod... 206% operations in the oil shares. But the oile did not advance s a group: en Asphaltpf. rather they went up individually for | Gen Clear. 211% | Stew'a- Warne: 11 11% ' Strombg Carb... 16 14% 82 particular reasons With one or two | Gen Electric. 82 98 har du cumption of any crea Sq crate, n bbl, 2.0045.00; bu r 100 Ibs., 1.25a1 112% | Oklzhoma Prod. 15t | Orgheum Clrcuit. % | Otis Elevator. | Otta Steel NOwens Bottl cific Coast. . | Pac fic Develop. Pac Gas & Flee. Pacific Ofl. .. Packard Motor. MISCELLANEOUS. {Am Agr Chem 73%s 15 100%s 100 AmChalnefés'3d. 5 Am SmIt&R 1st 5. Settling Prices on Grain. at—N winter, pot, no qu arlicky, dome Panhandle. . Parrish & Bing. Pennaylvant . Penn Seabd.8tl.. People’s Gas Pere Marquette. Pere Marq pf. Philadelphia Co.. PE&RC&T (W), Manhat Ry cn 4 Market St en Mil EIRy & L s Mé&StListrf 4s.. M&StLriexs ? white, 555 asked: new, G4 asked Nearby, i5a85; No. 2 rye, Recelpts, (tile life in the b tone, The ¥ market and offerings of descriptions n for trade s Prices adily held on top grades, but a is hard+to move MStP & SSM 6158, MK&T1st4s.. MK&TpringsA. MK&T4sB MK&Té6s MK & Todj s Alo Pacific 6s. Chi Al1 &8t P pf Cht & Norttwn. ChiRI& Pac Chile Copper i Chino Copper. | Coca-Cola. Colo Fuel ! Colo & South Columbia Gas. . Columbn Carbon | Com Solv (B). clover. annua het earnin been xtra surprise for the gu: 26ty 35% 634 Postum Cereal.. sed Btl Car. ssed St C pf. 83 )duc & Ref. 95% | Prod & Ret pi. 56% | Pro & Ref ctfs.. 12 | Pub Service . 19 | pullman Co. 74% | Punta Alegre. Pure Ofl. ! Ry St1Sprpf... Hay Con Copper . Reading. . Reading rts...... | Reading 1st pt.. | Reading 2d pf. .. Remington | Replogle Steel.. | Rep Ir & Steel Reynolds Spr. Rey Tobac (B).. Rey Tob pt B. 2 Stock Capital to the exts itant ed s sk Jepartment DAIRY PRODUOTS, BALTIMOR cial).—Live young chi 17420; old Du Pont de N «145. | Duquesne Light 65 g 2 | Est Cuba Sug 745, T HAvRNTS e Empire O&F 7% iy 7'““ i ber ¥s... 08 & &8 . Kerioulture based on furmers ntens |- 0 Bobber 114% i tions to plant. The other measurs ! 3en Elec deb 5s. 11 | would require semi-monthly cotton 3oodrich 8% s 57% | crop reports by that department and | Goodyear 88 1931 . . 19% | EINRINg figures by the census burcau, 363 | and_eetimaten to be published simui- 341y taneously. The estimates would have I8 0 be approved by tho departmentat orfolk & W cv 6s. Northern Pac 3s... 42 Northern Pac 4 Northn Pacr 1 6s.. Ore & Calif 15t be.. O Short Licn Gs '46. Ore Short Liref 4 Ore-Wash 15t rf 4s Pennsyl gen 5 g Humble O&R 5 4s. (liinots Beil 1st 5s. 48 | Indlana Steel 5: 6 !Int Mer Marine 6 Int Paper 1st is B. IKCP&LtSs AL { Kayser (J) 7s..... | Keily-Spring 8s... { Lackawa 8 5s ‘50 10 | Goodyear 83 1941.. | Hershey 68 1942. .4 hoard of officers in touch with cotton conditfone. 130 83% 20 | 784 11T WALL STREET NOTES. yal Dutch B3 — . eph Leoad. 201, Associated and Pacific 0il Firms StJonepn Loa 2y 't | Liggett & Myrs 75. t L&San Fran.. | to Merge—Sugar Issue Sold. Liggett & Myrs bs. : L Southwn... 35 8% | Lieeats & Myse s | NEW YORK, January 21.—Consoli- | g 40% |dation of the Assoolated Ol Company | Manatl Sug sf 7is 104% | with the Paoific Oil Company, whioh | Marland Oil 7%s 7% owns 51 per cent of the formers!Mexican Potrol §s. 92 |stock, is being planned, according to | Midvale Steel 5 ct. ireports in the financial district. Pa- | Montana Power 58 3414 | ¢ific Ol it 18 understood. will increase { Morris&Co 1st 433 te capitalzation over tho minority | New Eng Tel b8 22y | holdings of Assoclated Ol N Eden 1at €5 | The banking myndicate, which offer- | NyG EL HAP 45 13% lea 42,000 shares of Great Western '\ %y iraigs 41..... 26% | Sugar Company common tock at 386 |\ v qo] gn 48, 80 |a share, today reported that the en- N 25% | tire issue was s0ld within an hour | N ¥ Teléls 60 !after the books opened. The annual|N Am Edison & 74% | dividend on the stock was inoreased | Nor Statt 874 [ from $4 to $8 a share last week. Nor States Pow 68. 42+ | The Mahoning Coal Raliroad Com-|Nortirwst B Te7s.. ipany, a New York Central subsldiary, | Otis Steel 73 5 as declared a dividend of $10 on the Otls Steel 85 i common stock, pavable February 1, to | 045 stock of record January 2. Pacific Gas & El 58 {"The Prudential Insurance Company |Pacific T & T 63’62 118 {reported that in 1933 its essets passed | pan-Am Fete 7 €1 | the $1,000,000,000 mark for the frst pan-Am Pete 6 95% |time. Total paid-for business last year 11 & Rdg C&1 08 B0 |n;n0un;ed %on.flo,oou,znoo, an increase | ED . iE% i {of $159,300,000 over 1922. 100 | 65 Coref 6sA.. ! Plerce-Arrow 8s. 116 e 10% § FOREIGN EXCHANGE. i c Bervice bs. . 8 | (Quotations furdfehéd by W. B. Hibbe & Co.) 11"»:::}- .sl‘e:nn. Selliog checks | Saks & Co s f 2% | ! 21 ron Stl H 8 Tex & P C & Oll. Fios | ario, ‘mark ke eon | Bln Crade Ot s, o Tt Avenas,:: Jonis ran |Btn Pipe Line b 1085 Fonaces brad supest, cron | Tide Wat 011 43 15 | Tobacco Pro pf. | Toleto Ban 1ot 1s | Trans Cont O11." 824 | Transue & Wiil. U S Rubber 7%s. {8 Steel 8 £ bs. 91% | | Union Bag & P.. | Utah Pow & Lt 58, | Unton Pactfic. | “nion Pac pt. 8 NEW YORK, January .,_,-m‘,,,,v.muu-mgw 48% | Un Tank Car. 100 [exchanges easy. Quotations (in United ' Va-Car Chem g:u | United Drug. 821 .sm; doll;‘n)‘ ‘uzro-": nrfi‘zun,d dem;{ld, :'v uc::rc;“'l “:73' 1 Frul i | 4.20% ; cables, 4. ; sixty-day bills - 3 United Ry In red 4i8%. 'France, demand, | Westinghouse 7s.. 36% | 620 G 70% 651 3% 18% 112 107% 19% Dupont de 86 100,008 may absorl A Fere Marq 1st 53 Pere Mrq 1st 4s 56 76,000 head; siow: strong; weighty 3 many trains lat nd_ choice 10300 pe 7.157.2 7.25; desirable | d 70 1 0 poun, zes, 7.00u7.10 1 €6 | better grades, 140 to 180 pound ave 3% 68 Lages. 6.80a6.95; packing sows, 6.60a. 831 | killing pigs, s 61% | ound averages. §.25a6.50. 91|, Cattle—Receipts, 22,000 head; sio i few early sales beef steers and fat she stock, strong to uneven igher; by, packers bidding about steady: bulk, f 33‘\ i steer T n.i.’xl&&:. early top 0 | vearlin: some handy welght, 1% { 10.60; several loads short fed, 8.50a4.50: 744 | bulls. 10 to 15 higher; bolognas, 4.50a5 49 | veai calves, 9.00a10.00 to packers: tr Beab'd A Liad) 58.. 12 {firm to_higher; stockers and feed ! b’d A Licon 6s.. 71 7 | firm, 5.50a7.01 Sou Paclfc és 1929. 15 3 & Bou Pacfic ref 4s... 2 wooled Sou Pacificclt 4s.. 27 84 4 LS Southern Ry ist 58 26 961 96! e Southern Ry gn 4s. 62 70% Southern Ry 6% 108% Southern Ry 6sct. 55 7% Third Averef4s... 6 bdi; Third Ave adj 53.. 120 465 TolStL& W 3kKs. 8§ 97 Union Pac 1st o 91% Unior Paccv4s... 5 96% Unlon Prc st rf 58 11 101% Virginia Ry 1st6s. 1 93% Va Ry & P 1st bs. 90 Wabash 1st bs 98 Western Md 4s. ... 621, Western Pacifichs. 5 83 Wheel & L E; cn 4s. 624 Whel &LE rf 4%s. 57 | Wisconsin Cent 4s. § 81} TOTAL SALES (Par Value): 1lam.. 2714000 12noon 4790000 lpm.. 7617000 2pm. 889534000 NEW YORK EGG PRICES. NEW YORK, January Reading gen 4 4 Reading gn 4 3 91, . o Rio G Westcl és 6 {RIAtk & L4%s St L IM&S R&G 43 IStLIM&Sd4s'39. 78 lsu.&sl’pl 4sA. 99 St L South pf. “ Savage Arms. | Schulte Stores. seaboard Alr L. s Roebuck. . eneca Copper. 61 | Shell Tr & Tran. 18% | Shell Unlon..... 2314 | Stmmon: eee 65% | Simms Petrol... 25% | Sinclatr OIl. 53| Sinclair pf. 29 | Skelly Ofl....ee 70 | Sloss-Shefmald 15 '| So Porto Sugar. 12 ' South Pacific outhern Rwy. I Sreohe PRICES OF COTTON IN MARKET TODAY Early Declines Are Made Up in Later Trading—Weather in * South Price Factor. - o NOROANRS BB amE a0 - 3 | StP & KCShL 4%s. 1 Seab'd ALrefés.. 9 —_— toa Frees NEW ¥ ton o K, Junuary 21.- irket opencd easy 40 at a decline. , 641 points today, « d th incers. crpool cables road en weak Li of Br soid ¢ May | under Tocal TODAY'S CHICAGO PRICES. H 5 ahout: 39 CHICAGO, January 21, — Corn' VoG sons, showed u renewed tendency toward ! higher prices today. scoring an all around advance soon after the open- |ing. Practically no corn to arrive wus booked overn!ght by Chica handlers. One of the largest h udmitted having failed to obtaiy singla arload since Frid parently mext to no offerin figures were made to this @ th present ti Openin, pri Se- | which ranged from a shade lower to T 1. gal May, 5% to 781, —were fol- lowed by a slight general upturn. 1t took but Iittle buying to rally {wheat when corn displayed strength The fact that wheut quotations at Liverpool were higher counted as offset to a break in forelgn exchange |rates. After opening ’s to % lower— 21—Eges, (May, LOTH to 105, and July, 1.06:— 20 ouses: fresh |the Wheat market here recovered to | figm; recelpts, $.420 cas, fresh | ,out the same as Naturday's finish. gathered, extra firsts. 45ai7; | " Oats were steadied by corn. S firsts, 13a44; do. seconds and POOTer, |ing at a ahade lower tp 34a N orsey and other hen-|yat es “paotCiadW O S i whites, closely selocted, extras, 1 state, nearby and mnearby 981, western heniery whites. firsts to ex- 903, i tras. 45 Pacific coast whites, ex- 100 ¢ | tras, 511gasd; do. firsts to extra first 951, | 45050%; refrigerator frsts. 281 3 REHEARING IS GRANTED. A petition by Colorado for. reopen- | ing .of the Denver and Rio Grande atrike Mareét to an.8: selling to whils 20 points nr lower Liverpoo! can nect @ he buyers o- few choice light-weight fat axoeptions, intercst in the rails sub- | Gen Blec spl. <ided entlrely. The advance was ob- | Gen Motors. viously checked in the steels and |Gen Mot 8% deb. equipmeaft stocks, whilo some of the | Gen Mot 7% del motors were at times definitely weak. | Gen Refractorie Gimbel Bros. CLOSE IS IRREGULAR. Gimbel Bros pf. Glidden. Studebsker..... Studebaker pf. 19% | Sweets Coof A.. 100 |-Tenn Copper.... 10 | Texas Compa: 24% ! Tex Guit Sulph. | Paris, franc. 8% | Texas & Pacific. ! Studebaker Drops Below Par in 2114 | Broasels, fra Final Trading. By the Associated Press. NEW YORK, January 21—Wide Gt Northern pf. and irregular fluctuations charac- | Great Nor OF terized today's stock market. Strength | Gt West Su pf. of high-priced specialles, such as | Greene-Canan. Corn Products and General Electric, | Guif St Steel. and a modorata Inquiry for the do-{y. o0 e a) pe. mestic ofls was counteracted by the ; porbishaw Cab. weakness of automotive issues. Sales | yariman Corp. Approximated 900,000 shares. eroe Wheal The closing was {rregular. Strength | Hayes W of Corn Products, which udvanced | Homestake -o mbre than ¢ points, to 170, sukgested | Ho o0 a running in of the short (nterest.|Houston OM. Studebaker broke below par. { Hudson Motors. * (ot | Hupp Motors. { Hyaraultestl SEEK COAL SUBSTITUTE. | mimote Centest. i 11 Cent pa 1 pd. Apthracite Almost Prohibitive in,::g;::a:].." i ! Indlan Refinin, : Elncosin Wes. | inland Steel ST. PAUL, January 21L.—Domestic | Inspiration. wvonsumers have taken the coal prob- ! Gray & Davis. . 1 & practi leading in the ny to survive the months were relativ the carly trads Stockholm, crown. i Prices were lowe on the ing of the.cotton mark today, Msrch falling to a2.67 poal e "~ lower than'd trike alte T 4 The * cxtremely shade 3 © the belf, while s d as seriously” interfe Wing. appear selling hecause effect in destroying insect lif pressure was not sust reh recovered to 3282 by the ens of the first half hour asIness, Bids on Cotton {, January 21.- . bid 59% 12035 | BY the Associated Prees. 103 108 110 7% 978 704 | banks, 27%%35‘3?{:::'... .04433 ; cables, .0443%. Italy, de-!wWest Union 6%s.. 16% | D2 Rated) Bere, 4% imand, .0433% ; Cables, 0433, Belgtum, | Wickwire Spen 7. 118 bkt 74% | demand, .04U8% ; cabie& .0408. Ger- | wilson & Co lst x mand, demand, ~00000000000023 ; cables, | wilson&C cv 7348, 102% | U SCast Ir P pf. 85% | (00000000000033, ° Holland, demand, ' vyiioon & Co cv 6 1043 | U S Food Prod. 3 173686 ; cabies. .3690. Norway, demand. vyinenester A 1% 9" | US Indus Aloo. 72%|1351." Bweden, .2693. Denmark, .1616. | yo 0 USR%s 4 p 2% USRealty 100 | Switzerland, .1724. Spain, .1305. Greece, | ¥°! 89% | demand, .0190. Poland, demand, .00000- 88 | 011, Czechosiovakia, '200. Jugosiavia, 100 | .01163%. Austria, .000014. Rumania, 644 62, Brasil, .1076. what, and then began to i Provisions were dull anu important change. WHEAT— Open. e 10774 1083, oy e e n 100 o 39 8% 99% | Beptember | CoRN— - Cptton WOOL TRADING LIGHT. BOSTON, January 21 (Special).— 0050, interd Rap lem in their own hands. More sub- stitutes for anthracite are being burned this winter than ever before. Heéuseholders are experimenting with nalt a dosen varieties of soft and semi-hard coal and coke. More coke is being burned than sver before. Oil is being burned to A iconsiderable extent aiso, though this method of heating is not making the progress it was expected to. The high cost of anthracite in this sobtion—from $18 to $19 a ton— makes it almost prohibitive to the sverage consumer. TOBACCO. SALES HEAVY. JOHNSON CITY, Tenn. January 21. +To date there have been more than ten million pounds of tobacco offered on the floors of the tobacco ware- houses of upper east Tennessee, svhich has averaged a fraction over oents a pound, Daily offerings at seneville and Johnson City will ~.4iverago 800,000 pounds, B i o oY In Ag Chemical. Int Cement. In Combust K. Int & Grt North. int Harvester. . Int Harvester pr Int Mer Marine. Int M Marine pf. int Nickel. Intl Paper. Intl Paper (sta) Iavincible Ofl. Iron Products. Jones Tea. Jones & Laugn pf Kansas & Gult. Kansas C 8o pf. Kayser (Jullus) Kelly Sor Tire.. Kelly-Spr 8% pt Kennecott. 43 25% 2% 85 107% T 80% 13 83 64% 16 50 25 109 % 52% 36% 31 8% 4% 3% 62% Kinney G R 97% 97% 9T%H 9% Kresgo (88).... 28T% 287% 287% 287% Laclede Gas..... 844 34% 8L B4 36% 80% B4% 8% | vanadium Corp. | Van Raalte ! va-Car Chem. | Va-C Chem pf. | Vivadou.... Wabash..cvceee Wabash pf (A). ‘Waldort Bystem.. ‘Web & Hsilbra.. West Penn pf... | West Klec Western Md. . Western Md 3d.. West Pacifio. ... ‘Western Unlon. West Air Brke. . Westhse El&M. . ‘Westhse 1at pt., | . e | White Motor. { White Oil,...up White Ofl otfe. . Wickwire.....q Willys-Overld. « 38% 16% 15% 80% Ppr.... 114 10% 18 16% 110 110 88% 16% 15% 90% 114 10% 18 16% #3 63% 641 28% 20% 28 s 2 15 12% 88 16% 15% 804 114 10% 18 18% 10 82% 23% 80 83 8% 28% 1% 12% 38 16% 15% 90% 114 104 18 15% 110 2% 3% 7 8% 53 1% 1% 4% 12% Montreals 37 116, " ——— . FORD RUMOR DENIED. NEW YORK, January 31 (Special). —Officials of the Ford Motor Com- pany denfed reports current in the | financial district that a $300,000,000 non-voting stock issue by the Ford Motor Company i8 spending it was tated that expansion projects are being paid for out of current profits, and that the company has more than $160,000,000 cash on hand. Trading in the Summer street raw wool markets was rather light today, | with interest &till centered on the American Woolen Company’s open- ing of heavy-weight lines, which has been delayed. Prices continue about steady, although dealers believe the continued strength of wool abroad ' and the reduced supply of domestic wool in dealers’ hands will bring an increase after the opening. Receipts last week were 4,355,400 pounds and shipments, 6,212,000 pounds. Willys-Overlpf 84% B35% 82 B5% Wisconsin Cent. 35% 85% 35% 854 Woolworth..... 289 200 280 280 Worthiagten... 20k 20% 204 29% Worth'gton (B). 61% 61% 6l% 61% Wrigley, Jr.....o 89 39 37T% 3TH Call Money. DRY GOODS MORE ACTIVE. NEW YORK, January 321, (Special) —The week began a little more brisk- 1y in the cotton goods markets today. |with prices holding their own or making slight recessions. Print cloths were quoted at 103 cents for 8¢ by €0s, & reduction of an eighth cent, and 13 cents for &8 by 72s. The raw’ silk markets were quiet, both here and in Yokohama, with prices off from 2% to 5 cents on Japanese silks and 6 to 10 cents on Cantons, - Western railroad roorganization pro- | ctedings was granted today by tho iy |Interstate Commerce Commission, D New evidence may be submitted, be- | January . ginning January 26, and the comimis- | May Sion will rehear oral arguments, be-| RIBS | ginning January 29. tember GRAIN RATES REDUCED. A serfes of slight reductions in rates on grain and grain products | was granted South Dakota shippers and producers today by the Inter- itate " Commerce Commission, which held that In general ¢he South Da- | fire: 46 kota wheat producers are at a dis- | Eggs, higher: re e tage in reaching Minneapolis| firste. 43; ordinary [And other morthwestern srain mar- | frigerator extrax, | kets. FISHER'S PRICE INDEX, NEW HAVEN, Conn., January 21 (Special).—Last week's prices aver. aged 160.7 per cent prewar lavel. The purchasing power of the dollar w: 66.4 pregar cents, Irving Fisher re. ports, B May CHICAGO, Januar: changed; creamery standards ext “How could you minded you of a flo “So she did, but Wao & Eaalee0y Z D TODAY'S DAIRY PRICES. cecond: ator firsts, 23}5a24’:. Her Floral Counterpart. From the Boston Transeript. tongued Mrs. Gabbins that she re- tton Januury 32.80; Ju MARKET AT STANDSTILL. NEW YORK, January 21 (Spactil): ! _The sharp drop in temperature. to. | day retarded the movement of fross Butter, un- | fruits and vegetable 5 merc co from tie etor: ants and rail loath 't of perishables modities we iroaq vard {trading for bulhed produce yas pra [ tically at a standstill, congequentl: | the markets were imactive, with quotations entivel y 21. . ilof 3 1505 | road i ission as d were S ansport . 37 plics of 1w b ox LIVE POULTRY HIGHER. CHICAGO. January 21 —Ponltty alive, higher; fowls, 16 PTingse ; weese, 17; turkevs, 20, tell that sharp- wer?” didn’t mention it ¢