Evening Star Newspaper, January 22, 1924, Page 22

22 ¥ FIN e s, INTEREST IN OLS ISMARKET FEATURE Washington Probe - Starts Sharp Drop in Sinclair. Usual Leaders Weak. BY STUART P. WEST. Special Dispageh to The Star. NEW YORK, January 22.—In to- day’s stock market it was another case of stocks moving for special reasons, with advances and declines about. evenly distributed. Ithough the threatened scandal Teapot Dome affairs has noth- to do with the actual value -of Consolidated stock there was heavy lling of it following the sensa- i testimony at Washington. The e fell immediately almost two Points and contthued In the later trading to sag. Other oil shares were not affected by the break in Swmelair, The Pan-Amer; again, but this political troubles in Mexico and the doubts as to t maintenance of divi- dends. The stock broke 50 for first time. Producers and Refin- ers ran up sharply, completing an ad- vance of 5 points since Monday morn- tng. The move in Associated Oil and Pacific Oil was abruptly checked when it was officially denied that thers was to be a merger of the two companies. General Electric Keeps On. remarkable risc in General > kept on, but no definite in- was obtainable regarding capitalization plan - which looking for. 64 was at a new t move. The jump partment Stores looked eration e ns went down because of the B in National I to he the result of a vool og vather crudely conducted. ~Xir Re- duction was another Sp ty which oped individual strength. New high prices for Brooklyn-Man- nattan T it common and preferred followed the issuance of an earnings howing gross for the six | d December 31, 19 S1,460,000 in o last year, 2 ‘et $450.000 large Studcbaker Again Weak. Among the regular leaders there| was no sustained feature. American | bricf run-up and United | 1 imon for a time was conspicuous around 101. On r hand heavy selling contin- in Studehaker, in the course of “which the stoek hroke par and Bald- win Locomotive was obyviously in Su'\. Jy whenever it showed any inclina- | and i Ol of California’ old at for. the vear so far in announcement that de and conts a barrel and ! n. The on the coast of the most the oil | in recent Hide and Leather. . American Hide evidenuly unfolding, 2 Provi tor the pas t of the ferred dividends, as is ment : T and + portion of the Wy be seld, Reynolds Sprir break In respon of the income account for the ended December 31, 1923 Net to the common was on 4 for 1 Jlied_rather sharpl: markets abroad had a rather sharp and Iy the recent cotton Las gofe far 7ulate somewhat the di : timished product. nic French franc joined in the re- covery in sterling, although this was probably nothing morc than the cov- ering in of a part of the very much extended short_ St 1 decline enough to icl had been hrukl sharply in the selling down -more while the were off These bonds sold the vear. The -weak- mpathy to that in the ing upou the gton. rading Confuged, Conflicting price chapges were still *he rulc in the late afternoon trading. Some of the motor agd steel stocks were coming down, while electric res were mounting to new high fternoon, s points, Several of the 6il chares con- 1 rong, while other members of the. group wero he: Further light was thrown upon the commercial factor back of the recent deciipe in the foreign exchanges by the figures on cotton exports for De- cember and for the twelve calendar onths ¢f 1823. Tire statistics for quantity were published a week ago, hut the day were for total value: which is_ mu more significant 1hing. Foreign purchases of Ameri- can_ cotton last month were nearly double those of a year ago—3$148,701,- .U against $79, .000, For the months the increase over the s $134,000,000, or 20 per v Vear before w vent. CLOSE IS IRREGULAR. General Electric and Corn Products Late Features. * By the Associated Prees. h RK, January 2J.—Strength of high-priced industrial specialties E atured today's irregular stock Fluctuations in the general rather uncertain. cted to severe selling ult of the testimony before the to_committee investi- <ating the Teapot Dome leases. Sales Jr'llru‘d"l ated 1,000,000 shares, The closing was irregular. Buoyancy «of General Electric, which touched 217, ihe highest since 1902, and of Corn Products, which sold at 172, a record brice for all time, featured the late alin Coalers also were in good N. Y. Stock and Bond Averages, Monday, January 21, STOCKS. stock sales, list Oiiwas pressure Total shares. Twenty industrials averaged 97.28; net gain, High, 1923, 105.38; Twenty railroads 3. net gain, .06. High, 1923, 90.51; low, BONDS. Total bond sales (par value), $12,205.000. Ten first gradegrails averaged 86.92; net loss, .24, secondary rails averaged net gain, .07 public utilitles averaged net galin, .20. industrials i net lose, .07, Combined average, loss, .02. Combined average mnnth ago, 56.66;- yoar ago, €8.26. - 895,300 low, 85.75. averaged 79.53. averaged in- | and { 130 per cent | company's properties | | to the publcation were | inj and for; develop- ! Sinclair | ANCIAL NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice Adv Rumley p2. Am Chain (A).. Am Chicle Co. Am CotOnf ctfs Am Tnternati.. Am La France. Am Linseed Am Linseed Am Roll M1 Df. | Am Safe Rasor Am Ship & Com. Am Smelting. .. Am Smelt pf. Am Steel Fdy. Am Tel & Teleg. Am Tobacco. { Am Tobac (R). Am Tob nf (n) Am Water Wke Am Wholesl pf Am Woolen. \naconds. .. Armour of Del pt Arnold Canstab Asso D Goods Associated OIl. Atlan Rir & Atl. ! Atlantic Fruit . 1 Atlantic Gult. .. ) Atlantic Ret. Atlas Tack. Austin Nichols. Raldwin Loco. . | Balto & Ohlo. .. | Rarnesdall (A). Rarnesdall (B). Rayuk Bros. ... Beechnut Pac { Reth Stes ¢ | Ronth Fish. ! Bxlyn Edison. . | Brklyn-Man Tr. Prkin-Man T of. Rklvn Un Gas... ! Brunswk Term. Rurns Rros (A). Burns Bros pf.. | Putte Coppel | Rut}e & Super.. | Butterlck. . Caddo ON1 | Calif Pack. alif Petrol.... Calif Petrol pf.. Callahan Zinc | Calumet & Hecll { Canadian Pac. Carson H Gold. ‘entrai Leatn. . | ment Leath pt.. Century RibMills, i Cerro de Pasco. | Chanalr Mot. | Chesap & Ohl | Chi & Alton. . | Chi & Alton pf. Chi & East Il | Chi GTt West hi Mil & St P. { Chi M1 &8t P pt i Chi & Northwn. ChiR & Chi R 1&P 7%pt- "hile Copps Chino Copper Cluett Peabody. Clueltkll’hy »t Columbn Carbon ~omp Tabulat. Congoleum Co Cons Cigar pf. .. | Cons Gas of N¥ Cons Textile. . Cont Can. . Cont Insurance Continental Mot | Corn Products. . Corn Prod(new) | Cosden & Co Crucible Steel.. Cuban-Am Sug Cuba Cane Sug Cuba Cane S pf. Cuban Dom‘can. Cuyamel Fruit | Davison Chem. | Davison rts ! Decre Co pf. D Lack & West. Detrott Edison Dome Mjnes. { Dupont (B Eastman Kodak BatonAxle &8p. Elec Stor Bat Emerson-B . Erl Erfe 18t Di Erie 24 p? Famous Playars { F'd Mines &S pf. Fifth Ave Bu Fisk Rubbel Fleishman. Foundation Co. Gardner Motor, Gen Asphalt. Gen Clgar. Gen Electric. Gen Elecepl. {Gen Moters..... | Gon Mot €% deb. Gen Mot 7% deb. Gen Refractorles. Gimhel Bros. Goodri Goodyear pf. Granby Consol.. Gray & Davis... Gt Northern pf. Great Nor Ore. . Gulf M & Nor pf. Guif St Steel Harbishaw Cab. Hartman Corp. Hayes Wheel Househ'd Prod Houston Ofl. Hudson Motors. Hupp Motors. Hydraulic 8tl. Illinots Central. Ind O1l & Gas. Indishoma. ... Indianbotoreycis Indian Refining. Indian Ref pf. In Ag Chemical. In Ag Chem p°. Int Cement. In Combust m & Grt North. “Marine pf. Int Nickel. Intl Paper- Int Tel & T Invincible Ofl. Iron Products. Jones T | KCP&Lt 1st pt. | Kansas & Guit. Kansas City Kayser (Jullus) Kelly Spr Tire. . Kelly-Spr 6% pf KellysSpr 8% pt. Kelsey Whipf.. Kennecott. ..... Keystone Tire. Kinney G R. Laclede Gas.... Lee T & Rubber. Lehigh Valley. . Lig & Myers pf. Lima Locomo. Loose-' 5 Lorillard (P) Open. High, Low. a7 a7% 8T 73 9% 9% 100 89 894 | 2% 1% | 2 14 104 26% 83'; 25% 100 5% 1% AB\ 24 174 1674 Ifi!l‘v: . 34 38% 8515 14% 81% 99 54 4813 24% 4% 14 815 B6% 28% 53t 102% 8% 8% 6115 18% 57% 57% 57% 170% -170%. 169% Close. kil 100 m's 25% | 100 5% 17% ua-. HB\- 8% LT4 175 85's 65l 103 8% 3% 6144 831 831 5% | 57% 170 Manhat El Sup. . Manhatn I guar Manhat Shirt. .. Maracaibo Ofi Market St Ry... Market Stpf. ... Market St R 2d. Market 8t prior Marland Oil.... Marlin-Rockwl. Martin-Parry. . Mathison Alkill. Maxwell (A) Maxwell (B) 4| Mo Pacific pt. Montana Power Montg'y Ward. . ioon Motors. Mother Lode Mullins Body . Munsingwear ! Nash Motors Nat Biscuit. Natl DeptSto; Nat! Enamel Natl Lead. 1. Nat! Ry of M zd. N Y Central.... N Y C-Readg rts. NYChi&StL.. i \V\"hl & R'LD'. N ¥ Dock pt.. NYNH&Harefd | Norfolk South. . orf & Westera North Amer. North Am pf. 4 | North Pacific. Ohio Bdy & Blw Oklakoma Prod. Orpheumn Circult. Otls Elevator. .. Otis Steel. Owenr Bottl Pac Coast 2d pf. Pac fic Develop. Pac Gas & Elec. Pacific OIl.... Packard Motor. { Pan-Am Pet Pan-Am P (B! | Panhandle. ..... Pernsylvanta... Penn Seabd Stl. People's Gas. ... Pere Marquette. Pere Marg pf... Pere Mrq pr pf. Philadelphia Co. P&RC&T (Wi Pierce-Arrow... Pierce Arpf.... Plerce Oll. .. a0 Plerce Ofl pf. Pitts Coal. Pitts Utilities pt. Pitts & W Va Postum Cereal. Postum Cer pf.. Pressed Stl Ca: Froduc & Ref... Pub Service..... Pullman Co. Punta Alegre... PureOfl... Rallway Stl Sp.. R) St1 Sprpf y Con Copper ading . Reading rts Reading 1st pf.. Reading 2d pf.. Remington. Replogle Ste Rep Ir & St Rep It & StIpt.. Reynolds Spr. Rey Tobac (B). | Rey Tob pf B. Royal Dutch Rutland Ry pf.. St Joseph Lead. St Lasan Frao. 4t L&San Fr pf.- St L Southwa... 104!. Seaboard Alr L Seabd ALDf.... Sears Roeouck.. Seneca Copper.. Shell Tr & Tran. shell Union. Shell Union p! l-v . Stand Oll of N 3 Stoltof NJt. Sterling Prod. .. Stew'd-Warner. trombg Carb Studebaker. Studebaker pf... Superior Ofl.... Sweets Coof A.. Tenn COpPer. ... Texas Company. Tex Gult Sulph. Texas & Pacific. Tex & P C & Ofl. Third Avenu | Tide Water Of Timken Bearing obacco Prod... Tobacco Prod As Trans Cont Oil.. Underwood..... Union Pacific. .. nion Pac pf. ! Un Tank Car. Un Tank Cr pt.. Un Cigar Stra. .. United Ry Inv.. Utd Ry Inv pt. 5 Cast 1 Pipe. . USCastIr P pf. U 8 Food Prod. . U'S Indus Alco. . 80 100% 101% 1y 115 4 4 2% 2% 9 9 4 44 2% 6213 21% 21% 115 117 12% 12% 13515 140% 38% 385 67% 67% 891 89% 6% 6% 40 ° 401 © 129% 129% 3 1 96 95 107% 107% 205% 205% 104 10% 36% 367 75 6% U S Smelt&R Df. Utah Securities. Vanadium Corp. 28% 29 12% 12% 38 38% 26% 25% 16% 15% 114% 114% 10 10 15% 16% 58% 583 110% 110% Western l.nlnn. West Alr Brk: Westhse El&ll Wheeling&L K. Wheel & LE pf. White Eag Oil... Blfi 17% 26% 15 124 Willys-Overl pf h 85% Woolworth..... 290 202% 2 292% | Worth'gtop (B). 61% ol i Wrigley, JF..uees 89 38% um Last. 4 High. Low, Call Money..... 4 4 HOURLY SALES OF STOCKS. 11am. 000 1 p.m. 2pm. 200 771 300 The condor generally lives on high ,.”F.."*.,,"“,_mimnqn!flul ffom 8,000 _to_20,000 fest above the sea. A I 20% | 321 | 1% TRACTIONS LEAD TRADING IN BONDS ... Interborough Transautions at High Total-—New Issues Put on Market. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 22.—Specu- ylltlve interest in today's bond market |centered in the tractions, especlally = | the obligations of the local companies. | Interboroush Rapid Transit fssues were dealt in in large volume and| al] scored substantial advances. Mon- day it was the 7 per cent notes which were the favorites. Today the mort- gage secured refunding 0s, both up and advanced a point, while the & per cent notes, unsecured, went up al- most as much. At the same time there | was renewed buying of Brookivn Manhattan Transit 86, which carried | the price up above 75 to a new high for all time. Return Good Yield. The last-named bonds are still sell- ing to yle'd more than 8 per cent, and carnings are ample to cover charges under the new capitalization. Third | Avenue adjustments were also stronz | d so | “higher investment rating, were { fractional'y higher. In utlities of a | Righer grade, Utah Light and Traction | 5s went up a point, and Manila Flec ! made a new high on their present r {covery. Among the rails the feature was the confident buying of New Haven securlties, particularly the 7s 1925, the franc as well as the dollar bonds: to_New IHaven, International Northern adjustments were the :lrnng 8 S ul | bonds fluctuated u Eries were only steady. Japanese Bonds Higher. Among forelgn bonds there was considerable activity in the Japanese issu mostly at fractionally prices, all of which was con- as forecasting & favorable re- ception of the proposed new loan. In the South American group th Bolivia Ss bettered their recent high | price above 88, and Brazil $s had a better tone. United Kingdom 5%s of 1937 were steadlier, investors seeming to have recovered their polse now that the labor government is actual- in office French bonds were not much changed. There. was little doing in the high- domestic issues. Today's New Insues. Today's new issues included 000,000 in Compania Azucarera Antil- la, first 7ls at 98; $2,000,000 Potomac Edison first_and tefunding 6l:s at 97. and $2,500,000 in Sam Joaquin ( and Power &5 at 99, ¥ | gra PRICES OF COTTON SHOW BETTER TONE ICables‘ Higher Foreign Exchange and Good Spot Demand Help | Conditions. i i { By tie Associated Press. NEW YORK, January 22.—The cot- ton market opened firm today with prices 20 to 34 points higher on rela- tively firm Liverpool cables, higher foreign_exchange, bullish overnight | spot advices from the south and re- ports of a better demand for cotton £o0ds in the local market vesterday. | Business was mot active and the opening advance met some realizing or liquidation, but prices held fairly steady during the early trading, with March ruling around 33.00, while May sold oft from 33.33 to 33.20. Private cables ia‘ there was lese desire to_sell and & corresponding };camt ot contracts in Liverpool and the advance in foreign exchange en- | couraged a rather more optimistic view of general conditions abroad. New Orleans Market Strong. NEW ORLEANS, La., January Gains of 27 to 40 points were made by the cotton market in the first half hour of the session today, mainlv as lthe result of more cheerful cable- !grams from Liverpool and the good |ehowing of that market. Continued abnormally cold weather over the belt was regarded as unfavorable in its gffeet “on new crop _preparation March moved up to 33.20 l pound and October up to 27.53 Noon Bids on Cotton. NEW YORK, January 22.—Cotton futures (11:45 am. bids)—January, 32.81; March, 33.08; May, 33.3 32.25; October, stamped and unstamped, were taken || | am AgrChem | Beth Steel s f 63 i Bklyn Ed gen § { Calif Pete 6las w 1. | Liggett & Myrs | Montana Power s 1; July,|NYG EL H&P 5s.. Recelved by Private Wire (Bales are in $1.000.) UNITED STATES BONDS. thirky - By th 99-10 99-6 998 UBUAIIIGI ua 100-2 100+ 1001 FOREIGN, Bales. High. Closs. % 101% 101% 3! 83% 85% 98% Argentine 7s Argentine 58 Austria 7s 98% 98% Canada 5w 1926 Canada 5!4- 1929.. Canada bs 1931 Canada 5s “52. 3 Copenhagen 5% Cuba b%s cif: - 117 Czechoslovakii a. Denmark & Denmark 61 Dutch B 15%s. ... Dutch East I 6547 Ditch East I 65'82. Framerican 7% French Govt 8 French Govt T4s. Haitl 68 Italy 6345 1925 Japanese Ist 4% Japanecse 2d 438 Japanese 4s. Jergen U M 68 Netheriands 6s Norway 8 Norway €s 1943, Norway 6s 1852, Orlent Dev deb 6: Paris-Ly's-Med 63 Prague 7%, Queensland 7 Queensland 6s... . Rio de Jan 85 1945. Rio de Jan 85 1947. Sao Paulo State 8s | Seine Dept of 7, Serbs Croats S| 1088 i 9% Uruguay 8s. 103 MISCELLANEOUS. 100 100 Ud Kingm 5%s '37.172 4 Am Cotton Oil 5s. . Am SmL&R 1s Am Smit&R 63 Am Sug ref 6s. AmT& Tcv6s AmT&Tel trbs.. 25 AmT& Tcltras.. 15 Am T & T deb 5%s.168 Am Writ Paper 6s. 16 Anaconda cv db 7s. 45 Anaconda 1s* 6s.. 138 Armour & Co 4%s. 9 Armour of Del 5%s 21 Asso Oll 6srcts. ... 64 Atlantic Refin §s.. Barnsdall s £ s Bell Tel Pa 5s Beth Steel 5148 '53. Beth Steel pm 5s.. Brier H St 1st 51 Bush T Bldg 53 '60. Central Leather fis Chile Copper 6s. Commonwth P 6s. . Con Coal Md 15t 54 Cuban-Am Sug 8s. Cubs Cane cvd 8s. Dery (D G) 7 Det Edison ref 6 Donner Steel 7 Du Pont de N ¢4 Dugquesne Light 63 Est Cuba Sug 7%s. Empire G&F 7%s. Fisk Rubber 3. .. 3en Elec deb 5i Soodrich 61 Goodyear 8 1931 .. Goodyear 8x 1941, Hershey 63 1942 Humble O&R 5%s. (11inoss Beil 1st 53. tndiana Steel 5s. ... Int Mer Marine 6s. Int Paper 18t 5s B. KC P&LusA-z. Kelly-Spring $s Lackawa S Gs '50.. Liggett & Myre 7 ® KaReaChumManeSnlicmn e nea | Manati Sug sf 7%s Marland Oil 73 Mexican Potrol §s. Mich St Tel 1st bs. Midvale Steel 5s ct 2 Morris&Co st 4358 New Eng Tel 58 NY Eden 1st 645, sazasus_n..;m.: ¥ Tel 65 '41. NEW ORLEANS, January 22.—Cot- ton futures (noon bids). steady— January, 33.01; March, 32.90; July, 31.98; October, 27 EX-DIVIDEND TABLE. Janyary 24 All.sf‘hllm-n'\"l a- $1.00 %% Durain. Hostery Silie United Rys. & Elect. ( idsnary 38— £ B Bros. Cor| nuary 3 puliman co. a. ‘onsin Tiiver pr. cum. Bf., Q. Stock of Record. Jan Pay- ble. T) Stewart Warner . GROWERS HOLD COTTON. ATLANTA, January 22 (Special).— President _Conwell of the Georgia Cotton Growers' Association Co- Operative Marketing “Agency an- nounces that $7,000,000 aiready has {been advanced by the organization to farmers on the 1924 crop. The as- | sociation has sold less than half its 11923 cotton, as its directors believe nrlces will be higher next spring. bl st P SHORT-TERM SECURITIES. (Quotations furnished by SRedmond & Co.) Alvmigum Co. of Amer. 7s 3 i Ao Co Caton O a To24 American Sugar 6s 1887. American Tel L Tel. 6 1925 ‘Ana r 6a_1f f A kmesican ou Ti4e 10250 | .B:\Ktlmorc & Obto 6e 182417 100 i . B JBa. | D ben i e Hos ’ rmm Sugar Ref. er Body Corp. 1185 1925, i v ll Oo 1924, Bo-,:.mnl' al ey- T i Eennecst Nexel & 1 um TN fate Tel, Sa 1024 {‘i“"s‘f Pl el i Morris & Co. 7's 1080. Peona. XK. K, 78 1980, Eedfe & Co, e 1003 Pdewater Oil 613 Talon Tank Car 7 bber 7 ,0.2 I 108 jOtis Steel 7%s. . Nor States Pow b Nor States Pow Northwst B Te 7s. P Pacific Gas & El 6» Pacific T & T bs ‘62 “an-Am Pete 7s. fan-Am Pete 61 Phil & Rdg C&I 5s. PhilaCo 5%s '38. Phtla Co ref Plerce-Arrow 8s.. Producers & Rf 8s. Public Service 5 Punta Alegre 7: Saks&Cosfis 5 e STTES PRS- Jot 1 S N ’Bln Pipe Line 55. . South Bell Tel &s. . So Por RicoSug 7s Steel & Tube 7s.... | Sug Est Orient 7s. | Tenn Elec Pow 6s. Tide Wat Oll 63 23| Toledo Edn 1st 7s. Union Bag & P 6 Unit Drug cv 8i Utah Pow & Lt 5a. Vertientes Sug Va-Car Chem 7s. Va-Car Ch 7%8 W. Warner-Sugar . Westinghoute 7, West Union 6%s. .. Wickwire Spen 78 Wilson & Co 1st 63 Wilson&C ev 738, | Wilson & Cocv 6s. 12 { Winchester A 7% Youngstn S& T 6s. 32 quo—-;nmwmu oy © 95% COPPER PRICES HIGHER. NEW YORK, January 22—Copper firmer; electrolytic, spot and mnearby; 12%; futures, 12%al2%. Tin firm; spot and nearby, 49.75a49.87; futures, 49.62; Tron steady; prices unchanged. Lead steady; spot, 8.00a8.25. _Zinc quict; Bast St.-Louls, spot and nearby, 6.50. Antimony, spot, 10. TODAY'S FLOUR PRICES. MINNEAPOLIS, Minn., January 22.— Flour unchanged. Shipments, 38,509 barrels. Bran, 26.50a27.00. Wheat, No. 1 morthern, May, 113; July, 1.13%: Septem No. '3 "yellag. 71%a71); hite, 430184, Flax %% / Queen Mary-of En, her crocheting. % |Cent of Ga | De1 & Ha | Kansas Cit~S3s.. 'mBONDs_—_@@ Direct to The Star Office. RAII..OADB.(” 15 884 17 81% 1 88 55 97% “ 101% 86% 86% 74! 6% | 102 112% HZV- "% mxu llh BklynRT 78'21. Canadian North 78 Canad North 6%s. | Canad Pac deb i | Gar Ciineh & © 6s. iCential Pacific 48. Ches & Ohlo cv bs. Ches & Ocv 4%s.. Ches & O gn 4% ).\ 2 ICM& PutuSdOl. 24 Chll‘sl?rll%l 9‘ b5 62% b5% 73% 55% | 71 51% 106% 107% 7 76% 8% 75% 101% 97 108% €31 83 86% 1 9074 h!\( 86% 644 5% 56t 55% CCC&StLrfésA . Cleve Term bs Cleve Term 5% Colo & Sou 4% Cuba RR5s.. Del & Hudson 5%s Den & Ri0 G cn 4s. Det United 4%s Erfe 1st con 4s. Erfegends . Erfe conv 4s A Erie conv 4s B Erle conv 43 D Gr Trunk sf db 6s. Grand Trunk 7, Gr North gen 78 Gr North gen 5%s Havana ERL&P §s Hud & Man ref 5s. Hud & Man aj 111 Central ref 111 Central 53 Int Rap Tran 6s... 105 Int Rap Tr 6s stpd. 60 int Rap Tran Sl . 96 Int Rap Tran 7s,.. 78 Int & G Noraj6s..114 Int & G Nor 1st 6s. 25 lowa Cent 18t 6s... 5 3% 61 87% b4 924 6814 681 Kan City Ft S4s. Kansae Clty 8 . Lake Shore 4s '28. Lake Shore ¢s'31 5% 88 4877 95% " 95% 102% 9% 99% 90% 90% 594 59% 99% 100 18% T 18% 7% 81"- NYCendebis.... N Y Centribs N Y Centecn 4s'98. NYCenLScl3k%s. 5 72% New Havencd®6s. 11 66 New Haven d 48’57 l ;}) New Haven 7a fr.. 211 78 NYRyrfdsctfe.. 10 84 1 63% 55 97 1 824 Norfolk & W cv Northern Pac 3 Northern Pac ¢ Northn Pacr i 6s. . O Short Licn 55 '46. Ore Short Liref 4s. Ore-Wash 1st rf 48 Pennsyl gen bs. Pennsyl gen 4% Pennsyl 63%s. Pennsyl gold 7s. Peunsyl con 4% Fere Marq 1st b -{ mand, % | glum—Demand, 2 Sou Pacific 45 1929. Sou Pacfio ref ¢s. Southern Ry ist bs Union Pac 1st rf 22 101% lfll Virginia Ry ll: be. 19 . 88" 80% 62% Whel ELErf 4% B7% TOTAL SALES (Mar Value): Tlam.. 3105000 13noom 5202000 1pm.. 7272000 2p.m.. 8567000 p o FOREIGN EXCHANGE. (Quotations furniahed by W. B. Hivbs & Co.) Nominal Selling checks |o\l walue. tod: London, pound. 4588 4 Montreal, dollai Stockhoim, Sowa. 2 By the Assoclated Press. NEW YORK, January 22:—Foreign exchange st Quotations - (in B donarsy s Great. Britain—De: mand, 4.23; cables, 423%; elxty-day, bills ‘on banks, 430%. rFance—De- .045514 ; cables, .0456. Italy— Domand, .0436%; cables, .0436. 04133 cables, .04 Eermany — Demand, - -00000000000033: cables, ,00000000000023. Holland—Tre- mand,’.3705. Norway—Demand, .1593. Sweden—Demand, .2598. Dénmark— Demand, .1616. Switzerland—Demana, .1727. Spain—Demand, .1272. Greece— Demand, ,0193. - Poland—Demand, .00000011. Czechoslovakia—Demand, .0290%. Jugoslavia—Demand, .0115. Austria—Demand, .000014. Rumania —Demand, .0050. Argentina—De- mand, .3260. ~ Brazil—Demand, 1125, Tokic—Demand, " 46%. . Monireal, TREASURY cmrchm (Quotations-farnished by Redmond &.Co.) gland is noted -for l 83 7% 8315°| turkeys, per 1b., 25a30; spring chickens, 90% ' b nnck)nz ; | vearlings, FINANCIAL. Gram. Produce and Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, selected. can- per dozen, 40, average recelpts, storage, 26227, Live poultry—Roosters. per 1b., 16; 1b., 28; 0a } o M_u‘.m* young, each, 6 ! Dressed poultry—Fresh killed spring \Shickens. per 1b., 32a35: roasters, per Ib., 30a32: hens,’ per Ib., 26a27; tur- key!. _per 1b., 30a33; ku{n. young, eac 0. a85: roosters, per | i Game—Rabhlu per dogen, !3.00a3.50; 2, 1.2581.50. Llu stock—iaives, ehiolce. per b 1a15; medium, per 1b., 12a13; thin. per i1b.. $a10. Lambs, spring. per ib., 13. ’ggehpln 3.00a5.00 each; live Hogs | _Green' Truits—Apples. 180a2.00: box. 150a3.00: per barrel, .00a6.00. California sranges, T a Florida, 3.00a4. 3.0033.50. (:rlpe- Cranberries, 4.50a Grapes, Cal- per basket, . veg-ublu—povaznc bbL, No. 1, 2.50a3. | Potatoes, round, sweet potatoe: | Southern lettuc Icebera. 2.50a3.2 2.002.50 per 100 18225 ‘basket; Tomatoes, Florida. southern,’ per basket " nearby.. per o 2. 1.50a2 00 3.00; Cabbage. northern. 10w Florida, 2,00 1.50 Beans, 00. Peas, Calif- ' 0023 50 per_crate, P4 00a8.00. inach Car- Brussels ornl X Squash, 3.00a4. 00, Florida, £.30a5.00, Egepianit, Kale, ‘per LbL, 1.75a2.00. per " hbl,, 3.50a5.00. cumbers, ‘per bushel jrote, 100-in. sack, 2.75a3.00. | sprouts. 20a2b. GRAIN AND Pno\'l§l0\§ BALTIMORE. Ja 22 (Spe- clal).—Potatoes, wiite, 160 Tb., i 1.80:° 150 1Ibs.. 1.3043.00; eweets and yams, bbl, 2.0026.50; bu. 1.00a2.50; basket, 75a1.25; beets, 100, | beans. 'bu., 2.36a3.50: brocroli bu., 2 brussels sprouts, qt., 121 a20; eahbage, 100, 4.00a6.00; sav. | bu., 40a carrots | caulifiower. crate, 2.50a3.25; geplants, bu hz}ket v 100, 4.00a! 3.00 cucumber; . 3.00a4.00; on)(m& | crate, ln’naG 00; turnips. b Applfis, packe 50a1.50; Ioo!t per 100 lh . | box apples, 1.50a2.25; cranberri 6.00a10 0")0 grape ! | Orang: box, 1 crat 00a4.60; txlrawherne:. qt. Settling Prices on Grain. | Wheat—No. 2 red winter, ‘\o 3 red winter, -po' iNo. 2 red wi Corn-—Cob, and 4.1 No. 2 corn, spot, R6i; . new, 90. Sales—None. { , Qats—No. 13 white_ne Hiow | white f';y()’n spot, 883, rack corn, white, 551 asked; , 75a85; No. —Receipts, 26 tons. There life In the hay market and pr offerings of descriptions 2 rye, spot, ent 4{ample for -trade wants. + | steadily held on top grades, aged price. Quotations—No. hay is hard to move straight ry 25.00 per ton; No. 1 tangled rye, a16.00; No. 1 wheat, 16.00; No. 1 oat, 17.00a18.90. DAIRY PRODUCTS. i RALTIMORE, Md., January 22 (Spe- cial).—Live poultr: -—'hlr ey b., 18a voung chickens, 17 220 old hens, 1 oxd rooster 14a15 leghorns. 17a ducks, 20a: patr, 18a | old ; . 1b.. 25a28; 16; geese, capons, Lgszs (loss off)—Native by, firsts, 37; southern, 35 Butter—Creamery, good b, 50455; prints, a. nearb: creamery, 12a45; ladles, 34a35; rolls, 26a30; store packed, 26; dairy prlnl:, 28a30; process butter, 39. €HICAGO LIVE STOCK WARKET. CHICAGO, January 22 (United States- Department of Agriculture).— ,Hng‘—lleceints, 45,000 head; siow at early 10 to 15 advance; packers bid- |ding steady: good and choice medium and heavyweight butchers, 7.50a7.35; top. 7.05; desirable 170 to 225 pound :nem:e:s, 10a7.25; better grades 140 pound ~ averages, 7.00a7.05; 50 $.6526.75; weighty slaughter pigs, 6.25a8.50 Cattle—Receipts, 13,000 head; top 75; best handyweight € s, downward bolognas, 4.50a4.85 strone to 25 higher; vealers 9.50210.00; vutsiders, up- 15,000 -head; fair- aetive; fat wooled. lambs steady feeding® lambs steady: sheep =low, steady to strong: bulk fat wooled lambs, early, 13.60a13.90; top, 14.00; choice feeding lambs, 13.00. TODAY'S CHICAGO PRICES. CHICAGO. January 22.—Fresh up- turns in the price of corn resulted early today from continued scantiness of receips and from forecasts of another cold wave. Practically no corn was hooked by Chicago handlers on_overnight bids to the country and | the majority of handlers sald they had obtained no ‘ofters. On the other hand, bears conténded that banke which had loahed funds producers to hold back gruin might soon be pressing for repayment. The opening, which ranged from ' to % higher, May 783 to 78%, was fol- lowed by a slight veaction and then by 4 rise somewhat higher than be- ore. Wheat and oats were firmer in sym- pathy with corn. After opening at 3 lower to % to % higher, May 1.08%3 to 1.08% and July 1.06% to 1.06%, wheat scored a - little” advance all around. Oats started %ay to % higher, May 46%, and later held near to -the fn- itlal range. Higher quotations on hogs tended to Iift the prevision t. Qren. and near- Iy My July ... September .. } CoR iMay —_— LOWER COTTON SEEN. NEW YORK, January 22.—A con- siderable decline in cotton, as well as recessions in goods, is reflected in the cotton goods Index of the Daily News Record, which shows 17,889 for the week ending January 19, compared with 18,030 for the week previous, and an average price for cotton of 33.64 cents as against 35 cents. The average price of cotton is the Jowest since early, \ovemhcr — I.C. ¢ APPMVES MERGER. Incorporption of the Lake Superior and Ishpeming Raliroad Company to take over and consolidate the lincs of the Munising, Marguetts and South. eastern and_the Lake Superior and Ishpeming Railways, both in Mich~ igan, was today approved by the In< terstate Commerce Commission. ew corporation will 51,005,005 T stock. L) issue i | | , jordered 15.01 Ih 8; leghorns. | 25a30; | to_fancy.; to enable } PEPCONET INCOME BAINS IN MONTH $20,000 Increase Over Same Period Year Ago. W. R. & E. Also Higher. The Potomac Electric Power Com- pany operated at a net Income of $95.397 during December, 1923, ay in- crease of approximately $20,0 over the corresponding month of 1922, the Public Utilities Commiseion announc- \ed this morning. Gross earnings of the lighting com- Pany amounted to $353,703 in thic month of 1923, with operating ex- penses aggregating $289.260. Miscel- laneous income totaled $32,253, and deductions were made to the extent {of 32013 set ‘aside as a contir gent reserve for re-- payment to consumers if hereaftc = courts. | Increased re cutting down 900 in expe for the gai | shows. W. R. & E. Also Shows Gain. Electr! a’perusal of the repor: W road fared month of j { Showing a deficit | month's o ratings, lose of §2,0i6. ( y and Suburn I the extent of § e w )eu‘m {2 on capital $10 par value. common has becn tk Stock, which ‘s recent sen “bld” and - & licity manage: jLoan and Trust dress the elementars class on “Ele this being t! second of his serfcs of five Jectures Tomorrow night Lie will discuss “Bill of Lading " with the law class. The credits will meet on F day 1, with_Carl V Starkloft dxscuumng on “Statemer Analysis.” Bank Scores 100 Per Cemt. The National Metropolitan Banik 100 per cent in subscribers to. the Harding memorial .und. for whicl the banks in the District are acting as receiving agent. It was said that every employe, from the president t the lowest clerk, had tendered rem} tances for the memorial. Bankers Discuss Year's Plan. Chairmen_of the various commit- tees of the District Bankers' Associa- tion appointed by President Harry V. Haynes submitted their plans for closer co-operation and for the all- ound betterment of local banking conditions at the year's first meeting of the association, held last night, The topics discussed included meas- ures to combat the circulation of bad checks, standardized banking insur~ ance. banking legislation, commercial activities related to banking and fn- structon in public schools on the subject of thrift. Mr. Haynes, Charles J. Bell, Robert s Y. Fleming, H. H. McKee, E. Thompson, Francls G. Addison, sr. and Victor B. Deyber, all submitted reports. Concern Blects Officers. Ernest E. Herrell was re-elected president of the International Finance Corporation late vesterday at the an- nual election of officers. At the same time A. C. Lampe, secretary of the corporatiom, -was elected vice president and secretary to fill the vacancy caused by the resignation of Ben L. Prince. P. R mond Boesch and H. W. Foster we elected to the respective offices -o? treasurer and assistant treasurer: $600,000 Dividend Allowed. The Kahului Railroad Company of Hawali received permission today from the Interstate Commerce Gom- mission to issue as' a stock dividend $600,000 in new capital stock. The issue will evidence the. investment of additional money in the ratiread {plant and the increase of capital as- |sets during the period since 1907. - MARKET AT STANDSTILL. ; Cold Wave Keeps Supplies in Cars . in New York. NEW YORK, January 23—fTha wholesale fruit and vegetable merke: was practically at a standstill during th morning veurs Th Ceiana was extremely light, as jobbers were cau- tious in making purchases, belng un- willing to risk-the possibility of their stock becoming frozen in transit, Fresh receipts of most varieties of southern _and western vegetables were extremely light. Al the rail-’ road plers transportation companie up.to a late hour did not unioad any fruit from freight cars, because they did not desire to assume responsibil- ity for freezing of perishables. e FEWER HOGS BHBED. ST. LOUIS, January 22 (Speclal).— Tiare has bten 8 etk el ecrense in hog production in Missouri due to the low prices which were current, last year. A recent federal suryey showed a falling off of 8.7 per cent in the number of farrowings as. compared wit! MONEY RATES ARE Low. NEW YORK, January 22.~Call maones, ady. High, 4: low, §; ruling rate closing bid, 4 offered at 414 : lag oan, 4: call loans against acceptance! 3% time loans steady, mixed collat- eral, 60-99 days, 4% : 4-6 months, &% Prime commercial paper, 4%as. st