Evening Star Newspaper, January 26, 1924, Page 14

FINANCIAL. O e Stack [ BURNS PROMOTED ¥ THE ‘EVENING ®TAR, WASHINGTON, D. C, SATURDAY, , SATUR JANUARY 26, 1924. ‘ = NEWR«X?E!E".?E?E& :E.?.‘S.,%FGE B[]Nl]s ENI] WEEK N NEW YORK BONDS STOCK EXCHANG I Recelved by Private Wire Direct to The Star Office. FINANCIAL. PAN-ANERICAN OLS Live Stock | LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, selected, can- st (Sales are in $1,000.) ! UNITED STATES BONDS. i RAILROADS. Ooen. Sales. High. Low. 5% High. Tow. Close. | . Adams Express. 75% : Macy Co..... UNDER PRESSURE Many Other Stocks Climb, Further in Today’s Brief January 26.—Stock s resumed their upward move- ment in today's session of the market despite heavy liquidation in various sections of the list. Selling pressure exerted against the Tan Ameri n issues, which dropped about points each, and Stude- | baker, Chandler, United ates Ale was Alr Reduction. . Afax Rubber. Alaska Juneau.. Allled Chem Allled Chem p Allis Chalmer: Am Agr Chem {Am Az Chm pf.. ™ Beet Suge: | Am Romch - Am Bk Note pf. Am Brake Shoe. AmCan........ Am Car & Fdy. . Am Chain (A).. Am Chicle Co. .. Am Chicle pf. Am CotQpf ctfs, Am Druggist. Am Expres: Am'& For pf w i Am H & Leath. . Am H & Lea pt.. Lol, Sincl and Unite Iron Pipe. all of which sold a point ! or more below closing prices. The outstanding huli\'ulllali incident of the day's trading was the heavy buying of Pennsylvania Rl road, which advanced 2 point ited States Steel common touched 5. the highest since last April.| vielded on profit-taking. alties were sgain in s of 4 to & polw . recorded by United Fruit, Baking. Corn Produc Tobacco and “Big Four. ing was irregular. mated 700,000 shares. | U. S. STEEL AROUND 105. 4| Market Strong, But Studebnker% Holds Motor Shares Back. wiz demand, ‘Ame: The clo les approxi- | BY T A ¥ il by N1 wound up optimism in the was not dampen developing in list. The teh 10 Th | wi 1Ly various the parts cas checked | Bethlehem Sieol ek sroup with an advanc H Points and the upward 1 oy tnual in GUIf States, schioss, St { nd Republic Iron and Stee! i - ) larland and C ‘ { Motor Stocks Lesx Active. i chile the rest of the list w heavy o i training cffe he talk again | ers were comir the automobile oming in on | the scale of a year i N The decline in Virginia-Ca 1 Chemical preferred was not ing in view of the very bad { during the last few wee company's honds. Realizing | Industrial Alcohol were sufficient to | bring about a reaction in that siock. | Famous Players Again Weak. ’ mous Players was reviving the old rumo up from time to time often denied. The Pan fall sharply again on the test news from Washington regarding the ¢ tease scandal. . i Equipment shares came in for mo sttention following another American Car and Fonndry. . There w: nothing new to be >.-nll for the causes back of the buving ! movement. They have been pointed | out often enough. The week-end mercantile revie 1y contrib- uted much to 4 known about the trade left a rather confu Bradstreet's, for there being ““unques tivity in_most lines. same review said that industrial pace as spmewhat in contrast dgo.” Nothing_of consequence happened foreign exchang Sterling ¢ and francs were slightly S but | both markets were evidently in a | waiting attitude. which nd Americans | Jump trade and hole lo: with a ¥ LOWER RATéS ORDERED. | I. C. C. Acts on Complaints on| Charges on Cotton. { Rates on cotton moving ov and water routes from Oklahom New England milling points w held by the Interstate Commerce Commission today to be too high. Teduction was ordered to a point cents per 100 pounds below the ex ing all-rail rates on the same move-{ anent. Carriers were given ninety | days to make the adjustments. | Oklahoma producers and Bosion | cotton milling {nterests allke jolned | r rail | to} re | A i in presenting the complaint, which ‘asked exactly what the comn ion's decision granted. The present ail-rail rate on cotton from Oklahoma to New P.ln.'lnnd! cities is $1.69 per 100 pounis. Pay- Stock of | Compans, alie Am Elec Fow pt. b, Rates Mfg (L'n) Frunsw Balke-Coi. ¥dwards M > Holly Sug 1 Lancast Mills Yonsings. Tnc. k Towell’ Elec s e, 24 4 Lyman Mills... .. H Niass Cot Mills. Jan. %5 | Phila Co pf. ! Asse i Arso Am Tnternat Am La Fran Am Linseed pf. Am Locomotive. Am Radiator. Am Repub Corp... Am Safe Razor Am Ship & Com. Am Smelting. Am Smelt pf. Am Snuf?. . Am Steel Fdy. Am Sugar. . Am Sumatra. . Am Tel & Teleg Am Tobacco. . Am Tobac (B).. m Water Wks. Am W W 6% pt. Am Woolen. .. Am Writ Prpf.. Am Zinc&La pt. Anaconda Armour of Del pt ealizn.. So0ds. .. Asso DG 2d pf.. Assoctated Oil.. Atchison. .. Atchison pf. Atlan Cst Line Atlantic Gulf. At Gelt pf. Atlantic Re Austin Nicho! Paldwin Loco ! Baldwin Loc pf. Balto & Ohfo. Barnesdall (A). Rarnesdall (B). Beechnut Pack. Eeth Stee! Beth St] 7%(n).. Bklyn Edison. Brklyn-Man Tr. Brkin-Man T pf. Bklyn U Gas Burns Bros (B). | Butte Copper... Caddo OIl. Calit Pack Calif Petrol. Calif Petroi pf.. Callabar Zinc Canadlan Pac | Case Plow Wks. Case Threshing. Centrai Leatn Cent Leath pf... Century RibMills. Cerro de Pasco. Certain-Teed. Chandler Mot. Ches & Ohio pf. .. Chi & Alton. Chi & East Ill. Chi Grt West. ™ Great W pf. iMil & StF.. Chi Afil &St P pt Chi & Nortkwn. !ChRT&Pac... R 3P 6% Dt hilc _opper Chino Copper. CCC&StL. Cluett Peabody. Coca-Col Colo Fuel. . Columbia Ga: Columbn Carbon Gom Solv (A)... Comp Tabulat Congoleum Co. Cons Cigar Cons Gas of NY. Cons Textlle. ... Cont Can pf... .. Continental Mot Corn Produc Corn Prod(new) Cosden & Co. ... Crucible Steel Crucible St1 pf.. Cubun-Am Sug. Cuba Cane Sug {Cuba Cane Spf.. Cuyamel Fruit.. Davison Chem Davison rts. Del & Hudson. .. D Lack & West. Dome Mines. Douglas Corpn.. Dugont (ED ... Eastman Kodak EatonAxle &Sp. Endicott-John. . Elec Ster Bat. Elk Horn Coal. . Erle . Erle 18t pt. Famous Players £ Mines &S pf. Fifth Ave Bus.. Fisher Bod: Fisk Rubber Fisk Rub pf A Fletshman { Freeport Texas. Gen Asphalt Gen BaKing. ..« Gen Clgar. | Gen Electrie. 74 13; 110% 28% 65% 62 12% 26 2314 ., | Pacific oul . | Replogle Steel. . 2% | Tex &P C & Oll. | Magma Copper. | Mallinson & Co. Manat! Sugar. j Manhat Shire Maracatbo Ofl.. Market St pt. Market St prior. Marland Oil.... i | Martin-Parry. . Mathison Alk! Maxwell (A). Maxwell (B). May Dp Store: Mex Seaboard. . | Mex Seabd ctfs. Miami Copper. Midale St Oil. Midvale Steel Minn & StL..... Mo Kan & Tex.. 12 IMoK & Texpr.. 33 63 2514 371 a4 64% 40% 354 2314 6% 30% BT o Pacific pf. 1 VMontana Power. i Montg'v Ward. . Nat! Enamel. Nat] Lead. Nat Supply..... Nevada Copper. 18 | NOr Tex & Mex. 974 NY Air Brake.. 42% N Y Central.... 103% NYChl&StL.. 784 NY Chi& StLpf. 874 NYDock....... 23% NYNH&Hartfd. 19% NY O & Westrn. 19% North Amer . 2% North Pacific... 64 Oklahoma Prod. 1% Orpheum Circuit. 181 Otis Steel. . Otis Steel pf. ODwens Bottle, Pac Gas & Elec. Packard Motor. Pan-Am Pete... Pan-Am P (B).. Parrish & Bing. Pennsylvania Penn Seabd Stl People's Gas. ... Pere Marquette. Pere Marq pf... Pere Mrq pr pf.. Philadelphia Co.. P&RC&I(wi). i Philip Morrl “ | Phillips Pet i Phoenix Hos Plerce-Arrow Pierce Oil. Plerce O11 pf. Pitts Coal Pitts Coal pt . pitts Utilities pf. Pitts & W V. Postum Cereal. Pressed Stl Car. Produc & Ref. .. Pub Service | Pullman Co. Punta Alegre PureOll.... { Railway Stl Sp.. | Rand Mines | itay Con Copper Reading ! Reading 1 | Reading 2a s Robert. Robert pr. { RRemington..... A s =D ZRZERE ¢ 19% 343 16 T4 4615 15 | Rep Ir & Steel.. 561 Reynolds Spr... 18% Rey Tobac (B).. 73 Royal Dutch. Rutland Ry pf.. 38 1 St Joseph Lead. 22% 22% St L&San Fran. 227 3t L&San Fr pt. 6% St L Southwa... 365 St L South pf. %! San Cecil Sug Savage Armi Schulte Stores.. 106 4T% 144 5616 Sears Roebuck. Shell Union, | Simmont 923 175 28% 31 13% Sinclair Oll. . . 34 235 | Sinclair pf. .. 61 8| sSkelly Oil. Sloss-Sheffield. . So Porto Sugar. South Pacific. Southern Rwy. . Southern Ry pf. Spicer Mfg Co 44 68% 1615 68 42% Strombg Carb ! Studebaker. . Submarine Bt.. Superior Oll.... SweetsCoof A.. Texas Company. Tex Gult Sulph. Texas & Paclfic. 44 6414 22 13% | Tide Water OIl.. 1393, Timken Bearing 39' “obacco Prod... 68 Tobacco Prod A. 8915 TransContOfl.. 5% Underwood. 413 Unton Pactfic. .. 129% {Un Tank Crpt.. 108 Un Alloy Steel.. 34 | Unitea Drug. 83 United Fruit. ... 1985 Utd Ry Inv pt. (S Cast 1 Pips. | US Hoftman U S Indus Alco. . U S Realty... U S Rubber. 6914 4 |stoc AT HGHEST PROES Demand for Liberty Issues One of Features—$62,000 - 000 in New Offerings Sold. BY GEORGE T. HUGHES, 1 Dispateh to The 8 NEW YORK, January 26.—The close of the week found bonds generally at their high prices, but the page of the investment buying had b terially s kened. The markel been firm to strong all the voe stimulated by easy money and helped by the comparative lack tition from new offerings. There has been especially good Luy- ing of liberty bonds Ly titutions and eve activa jssu except tax-exempt 3lis is up sub-| stantial fractions on the week. least four of the fssues have made new highs for the year ind higher | than at any time in 1923, while the Railrond Bonds Qulet. Curfously enough, there has been no such eager demand for the very highest grade of rallroad bonds, such fic 4s, Unfon ~Pacific s, Pacifis 4s and others of that class. The explanation undoubtedly Is that the yields on bonds like these have Leen” disproportionately low {other hand, bonds which have im- iproved in status because of u bett joutlook of the debtor corporation ha heen guining ground. A i Baltimore and « 4 new b ek, both id tra atter there [have e ady: i borouglh t s tan up from 3 tq iTudson und < have made a the same com- nds have heen 1 as speculati ot the security and earning | < of it. lvn hich have {rise during their ad thattan Transit 6 had such a remarkable e this w the hig Railway: m.m”xk.}: ay 12 above the wrice last Monday. Great Northern Insues U | _In the ils International ( IN-_l‘l'hrrn' E Juiflllnvnls sold tod. points above the close of s 11: and 2 points d in the Franc a fractional cf n price. On Gther nd, t . Paul been irregular and mostly a lit- [tle lower, although today t showed a better tone. | sugar prod ng and panies have been the f; its on the n very large but with bonds. obligations of oni- nong industrials " have and { Belgium 8 v ! Brazil 8 |Canada 5% 1929.. of conmpe- | Canada 58 1931.... (Chile 78 1943, , . banks and |Chinese Gov K b At | Denmark third 4%s have touched par. ; Framerican 7is. . Atchison general 4s. Canadian Pa- | Japanese 1st 4%s. Central | Japanese 2d 4%, On the | Montevidea 7 | Orient Dev dcb 6 : Queensland 6: 1ails | Rio de Jan 8x 19 je- | Sa0 Pauto Stat |Am Chain s f 68’35 issues | (Fractions represent thirty - seconds. Example: 9§-3 means 98 3-32.) Sales. High. Low, Close. 85 99-9 99-7 99-8 99-7 99-7 99-7 99-14 99-11 99-11 99-12 99-10 99-11 99-29 100 252 99-12 99-12 27 100-2 100-1 100-2 FOREIGN. Sales, High. 228 556 Low. Close, 101% 1015 85% 85% 98Y% 98% 981 98'% 98 98% 109% 109% 88% 884 8 8% 94 94 99% 99% 101% 101% 09% 99% 991 9914 Argentine 78 | Austria 7; Belgium 7%s. Belgium 6s. .. Bern 8; Bolivia Brazil 7 inada b 1926 Canada 6s 1952. Chile 8s 1941 - EBem NERUNG - S—C B o Copenhagen 51s. Cuba 5%s cifs Denmark és. . Dutch E15%s Dutch East I 6s'62. French Govt 8i French Govt 7 Haltl 6 Holland-Amer 6 b8 22 Japanese 4s. Jergen UM 6s ‘47, Lyon 6s... Norway Gs 1943. . " RatmeadrEe Paris-Ly’s-Mcd Qucensland 7: 105% 100 | Rio de Jan 8s 1916. 89 o Rio Gr Do Sul 8s. . 8s. eine Dept of . Serbs Croats Slo 85 Swiss Confed 8: Ud Kingm 5% { Ud Steam Copen 6 | MISCELLANEOUS. Am AgrChem %3 10013 100 95% 95 Am Cotton Ol 5s. . {Am SmN&R 1st 5s. 1 the past month, resumed | Am Smit&R 6s. ... k and sold to- | Am Sug ref 6s The Chicago [Am T & T ev 6 points | Am T& Tl tro s 102 § 1213 121% 980, 9 |AmT&Teltrs. 93, !Am T & T deb 5%s.162 at}Am Writ Paper 6s. 17 Anacondaevdb 7s. Anaconda 1st Gs Armour & Co 434, ! Armour of Del 5% { Asso Of1 6s rets. . | Barnsdalls f 8s. Bell Tel Pa & Beth Steel 5 Beth Steel pm 5s.. Beth Steel s f 63 Brier H St 15t 5145, | Bklyn Ed gen 5s | Bush T Bldg 53 *60. | Calit Pete G148 w 1. » : Central Leather iis | Cerro de Fasco ss in suga) d ! Chile Ccpper 6s. mong the coppers. | = to say about the | ds except that considering ! uncertain state of affairs abroad, ithey have been and still are remar [ably steady. New offerings ut $62.000,000 for the week readily absorbed. DIVIDEND IS VOTED have { Protective Committee Will Pay 20 Per Cent on Claims of Creditors. { Special Dispateh to The Star. { BU feral Court . Persons nd receivers in charge of the af- fairs of the L. R. Steel cha ;and realty companies in the States have approved the in the reorganization plans by Stockholders’ Protective Trust, which ihas agreed to finance a 20 per cent |dividend payment to creditors as lauickly as the claims are allowed by {the court. | This step In the United States fol- lows closely the finanoing of a 10 per cent dividend to Canadian jereditors of L. R. Steel Company, Ltd., operating a chain of twelve depart. ment stores in Canada, by the L. R. Steel Stockholders' Protective Trust nd is in line with the policy mapped i ago to restore the ties in the United States and “anada to subscribers trust as quickly as possible. By financing the 20 per cent divi- dend payment, the protective trust enables ‘the receivers to use funds now in their possession to make ex- (tensive merchandise purchases to re- totaling | INLR. STEEL GASE = ¥ | Pacific T & T b to the protec- ! [CinG&ES Commonwth P 6s. { Cuba.Cane cv d 8s. {Dery (DG) 7s. Det Edizon ry Donner Steel Du Pontde N i 1is. Duquesne Light 65 Est Cuba Sug 7s. Empire G&F T4s. Fisk Rubber & 881 107% 104% 4 109% 921, n Elec deb . { Soodrich 6% 2 £ g 0: Goodyear 85 1941.. 15 % | Hershey €s 19 98 9415 1014% S0t {Mlinois Beil 1st 3s. !indiana Steel 5s.. . Irt Mer Marine KCP&LtbsA | Kayser (J) 7s. | Kelly-Spring 8s Lackawa S 55 '3 i Magma Cop cv 7 | Manati Sug sf 7 Marland Ofl 7 %s. . { Marland 01 8s 31 . Midvale Steel 55 ct Morris&Co Ist 4164 New Eng Tel 58 N ¥ Edsn 1st €35 H&P 5s.. YG EL H&EP 4s. N Y Tel 63 '41. {N Y Tel 649, IN Y Tel 4348 N Am Edison 6s 1017 914 17 100 101% 9215 v & 102t | Northwst B Te 7s 108 { Pacific Gas & El 58 92% 993, 9414 94 911, 100% 80 825 Pan-Am Pete Ts ‘ Pan-Am Pe Phil & Rdg C Phila Co 5%s '38. | Phila Co ref 6s A. Pierce-Arrow 8s... l Public Service 5s {Punta Alegre 7a Sinclair Ol 7s. ... Sinclair Ol 6%s. Sin Crude Oil 5%s Sin Crude Oll 6s Sin Pipe Line bs. South Bell Tel b 1 So Por Rico Sug 7s. {Steel & Tube 7s Tenn Elec Pow Gs. Tide Wat Ofl 6%s. o 5s. 7% 97% 9719 102 1041 i 9ars 103 1 114 | i 94 82t | 9% Atchison gen 4 10 88 8% Atchison adj4s... 64 81% 8l% AtlanticCL1st 4s. 1 87% 874 B&Opriniy 97y 9T% B & O gold 4s. 84 831 B&O és. . 101% 101% 87% 87 874 80% 69% 6% 104% 104% 99% 112% 82 99 101% 86% 92 90% B & O Toledo 4s... 27 Bklyn-Manhat 6s. 396 Bklyn RT 7s°21 1 BkIRT 78°21 ct. BKIR T 75'21 ct st. Canadian North 78 Canad Pac deb 4= Car Clinch & O 63 Cent of Ga 6s; Central Pacific Ches & Ohio cv 6s. hes & O cv 4148 es & O gn 4%s. . 1 & Alton 3%s... i B&Q 1st rf bs.. i & E1ll gn 5s. { Chi Great West 4s. 1 GrWest 45 (n) 3| ChiM&StPri4 Chi M&St P cv b i M&St P 4525 I M&S Pev4 Chi M&Tt P 45’34 Chi& N'W 7s. Chi Rys5s..... ChiR1& P gn 4s. Chi RI1& Pacrf 4s ChiTH & SE 5s Chi Un Sta 4%s.. Chi Un Sta 6%s... Chi & W Ind cn 4s. Chi & W Ind T¥%s.. CCC&StLrfésA . Cleve Term 5%s Cleve Term bs 1Colo & Sou 4%s +|Den & Rio G cn 4s. 1 {D&ERGstrf5s. { lirie 1st con 4s. | Frrie gen 43 ie conv s A.... Gr Trunk sf db 6s. {Gr North gen 5125, {Green B& W db E. 4! Havana BRL&D Gs | Hud & Man ref 5s | Hud & Man aj 5s | 111 Central ref 111 Cent ref 5s Int Rap Tran Gs. Int Rap Tr bs stpd. Int & G Nor 18t 63 Kan City Ft S 4s. Kansas City S3s.. | Kanses City S b Kan City Term 4s. Lake Shore 43'28.. ake Shore 4s '31 Lehigh Valley 6s Long Island rf as Louis & N uni 4s | Louis & N bs 2003 AManhat Ry cn 4 Market Sten 5s | MK &T1st4s MK&TprinssA. MK&T4sB. MK&TG6sC. M K & T 2dj 55. Mo Pacific 6s. 0 Montrl Tm 1st 5s. Cew Or Term 4s N OTex & Min os. \ Y Cent gen 3 IN ¥ Cen deb 6s. N ¥ Cen deb 4s. |N Y Centriss. Cew Haven c d 63 New Haven 78 | New Haven 7s fr. iNew York Ry rf 4s. INYRyrfosctes.. & { New York Ry aj 58 |NY W& Bos 4% Norfolk & W cn Norfolk & W cv 6s. Northern Pdc |Northern Pac 4s. { Northn Pacr 16s. i Northern Pac 58 D. {Orc Short Liref 4s. Ore-Wash 1st rf 43 Pennsyl gen 5s. Pennsyl gen 4% { Penneyl gold 7s Fere Marq 1st 5s. T T 103% 100 | Reading gen ds..... { Reading gn 43eswl 20 [ Rio G Westclds... 4 | St LIM&S R&G 4s. 40 |StLIM&S4s'29. 41 IStL&SFpl4sA.. 23 S 16 15 .31 StP & KCShL 4% StP Un Dep 6%s Seab’d A Liref 4 {Seab'd A Ladj bs.. 1 Seab’d A Lcon 6s Sou Pacific 45 1929, i Sou Pacfic ref 4s. outhern Ry | Southern Ry gn 4s.176 ; Southern Ry 6%3s.. 20 | Southern Ry 6s ct. 106 | Third Ave ref 4 Third Ave adj & Tol StL & W 4s. Tol St L& W 3125, Union Pac 1st 48... Union Pac 1st rf 4s Tniop Paccv 4s Union Pac cv 6s. { Union Pac 1st rf 55 | virginia Ry 1st 481y 9y 07 9113 831, 964 4 102% 101% 94% 90 97% 901 628 8315 634 aor AR emse {Va Ry & P 1st bs | Wabash 1st bs. {\Wabash 2d 58 { Western Md 4s. | Western Pacific 5. Wheel & LE cn 4s e % |3.00a3.60; No. 2, | Beans, southern, per basket, 2.50a4.00. i dome: dled, per dozen, 40; average receipts, 38; storage, 26227, Live poultry—Roosters, per 1b., 16; turkeys, per 1b., 28a30; spring chick- ens, per Ib., 26a38; keats, young, each, 60a70; fowls, per’lb., 23a24. Dressed poultry — Fresh spring chickens, per 1b., 22a3 ers, per 1b., 30a32; hens, per b, turkeys, per ib., 30a35: keats, each, 80a85; roosters, per lb., 20. Game—Rabbjits, N dozen, .25a1.50. Live stock—Calves, chofce, per Ib., 14; medium, per 1b, 12a13; thin, per 1b., 8a10. Lambs. spring, per Ib.. 13. Live pigs, 3.00a3.00 each; live hogs, per Ib., T%. Green frults—Apples, 5082.00; box, 1.5083.00% 2.0026.00. California crate, 3.50a5. Tlorida, 2.00a4.25. box, 3.00a3.50. Grape- Lemons, per fruit, 3.00a3.50. Cranberrics, 4.50a5.50 Grapes, Califor- | per basket, per barrel. oranges, per per one-half barrel. nia, Emperos, 1.50a2.50. Vegetables—Potatoes per | barrel, No. 1, 2.30a3.00; No. 2, 1.50a .00, Potatoes, round, per bag, 1 ; Sweet potatoe: 00a6.50 Southern lettuce, per crate, 2.50a3.00. Cabbage, X per 100 1bs.; Flori- .00 basket; nearby, 1.00a1.50 Tomatoes, Florida, 3.00a5.00. nearby, barrel. Peas, ' per basket, 4.00a8.00. Celery Florida, 3.00a3.25." Squash, 3.00a4.00. Peppers, per crate, Florida, 2.50a3.00. | Eggplant, 4.0026.00. Kale, per barrel, | Spinach, per barrel, a . Southern cucumbers, per bushe 2.50a5.00. Carrots, 100-1b. sack, 2. a2.00. Brussels sprouts, 15a25. GRAIN AND PROVISIONS, . BALTIMORE, Md., January 26 (Spe- cial).—Potatoes—White, 100 ds, | pounds, vams, barrel, 5a2.50; basket, 100, 4.00a6.00. Beans, M0, "Broceoli and kale, Brussels sprouts, 10ais. .0086.00. Savoy. 100. 4.00a6.00. 3 . erate Cauli- 2.00 Let- | 100, bushel. et, 1.06a1 Parsnips, ! hamper, 5.00a3.50. i Spinach, bushel, 1 crate, 2.00a3.00. 2.60a5.50. Turnips : loose, per 100 pounds, | cked, 00a5.00 i box apple: . Cran barrel, 6. Grape- 1.73a2.00. Oranges. box. Pineapples, crate, 3.0024.50. | berries, quart, 45a50. Settling Pricex on Grain. Wheat — red winter. 11 ter, tations 1.25al. berries, box, spot pot, 1o quo - garlicky Y Xport, no iquota tions; inter. garlicky; spot, no_quotations: No. 4 red winter, gar- licky. spot, no quotations. B s—Bag lot of nearby at 1.10. Corn—( . new, a4.40 for ¥ low “and 4.20a4.25 per barrel white; ' No. 2 corn, spot, $8%; No, ¥67%; track ‘corn, vellow, 90 und 81. i one 2 white. 36; N Hay—Receipts, 105 tons. Although | eral receipts of hay are ample for | e requircments, there is no over- {abundance of the better grades of timothy, light clover mixed and 1 clov hich there is a fair de- mand right along. Poor grades and {damaged hay are hard to move at any { price. !~ Quotation Lo { timothy, 27.50a i 2 .00; No. 1 light clove: clover, clover, mixed, 25.00a | ;! Butter—Creamery. good 4 i pound, 48a53; 24.50a25.00. | stralght rye, 24,00a 3 0.1 tangled rye. 15.00 1216.00: No. 1" wheat, 16.00; No. 1 oat. | 81% | 17 goais.o0. i DAIRY PRODUCTS. H BALTIMORE, Md., January 26 (Spe- | 81% | ¢ial).—Live pouitry—Turkeys, pound, | {18a20; young { hor 2 18a30; 18225 chickens, old hens, leg- | geese, 20; 'pigeons, guinca fowl, each, 30a60. i d_ poultry—Turkeys, pound, . 24a26; ducks, 25a28; [after the com geese, 18a22; capons, |ership last Febru: 5ld roosters, 1 28a3d . ! Eggs—Loss off native and nearby | firsts, dozen, 37: southern, 36. to faney, | prints, 53a 42a53; prints, 53a 2adb; 3 H store packed, ¥ i process butier, 39. CHICAGO LIVE STOCK MARKET. CHICAGO. January (United 3 artment of Agriculture).— eipte, 8,000 head; strong to good and ofce 240 300 pound butchers, 7.25a7.30; top, | desirable 200 to 225 pound aver- | packing so 6. rable strongweight pig: timated holdover, 9,000 —Receipts. 1,000 head; com- pared week ago: Beef steers and fat stock mostly 25 to 30 lowe: i matured steer: |veal calves largely 2.00 higher; week's {bulls prices: Beef steers, stockers and _feed .00a7.0/ she stock, anners and cut- iters, £.60a3.25: veal calves, 1 Shecp—Receipts, 1,000 head | creamer. | by, 5a6.0 {lambs fully 25 higher; fat aged stock | strong to unevenly higher. Bulk prices for week: Fat lambs, 13.90; vearling wethe d’ wethers, 8.00a9, P fat ew 6.5028.25; feeding lambs, 12.50213. | TODAY'S CHICAGO PRICE:! CHICAGO, Jaruary 26.—Downturns | !in the price of corn resulted right at bushel, | $ {be razed {pectea that a iretary, and R. I iditio; ; steady: | these compared week ago: Fat and feeding i meeting will be ¢ N SAVIES BANK Northwest Cashier Is Elected Vice President—$685,000 Local Bond Issue. Gregg C.. Burns has been cle vice president of the Northwe ings Bank, Francis M. Savag dent of the institution, this morning. Mr. Burns is cashier of the nk, @ ecapa retain in addition to his ne At the same t'me, Charles ¢ hier, was elect . presi- announced alsn ed to the directorate At the meeting it was decided 1 d to enlarge the bank prem- taking in the store en the porth side and part of the buildinz owned by the bank. which will b. constructed into a vault to be used the storage of the bank's record:. vill facilitate the present vault d exclusively for safe de- of steps Northwes This i< the fi to be taken @ an exceptionally attractive and pro gressive bank.) Dircetors are quote as feeling the ragement given by the public ju; the enlarg ment and improvements. New Bond Issue Announced. 36! written on the property. west corner of 2 B avenue northyie by a hi owner of th chugetts whic eomposed of business mer The old build t o wi and v tarted imme on the improvement whicl will consist proof bLuilding basement. wit prick and limest, will contain 144 apa into suites of two with bath. It will front 107, feet on Massachusetts avenue and 114.25 feet on 21st street. The Globe Indemnity Company New York has executed a suret bond. unconditionally guaranteeins completion of the bLuilding, it w said. s site three Capital Increase Approved. Stockholders of the Merchar Transfer and Stor: Compauny indorsed the recent action of directors nthorizir an _iner from $300,600 to $1,000.000 in cap stock and permitting tie enlarge its realm of op main extension of its be entry into the warehouse fi field, devoting major attention to ti financing of automobiles on & whols sale scale. Named Committee Chairman, Robert V. Fleming, vice preside: of the Riggs National Bank, has be«i. named chairman of the eral con vention committee of the Distric Bankers' A jation convention fo 1924, Subordinate chairmen will b appointed on, Like i ite for the ortly, with « leading Do BELIEVE DISCOUNT COMPANY SOLVENT Officers Take New Step to Save Defunct Cleveland Concern. D. C. Stockholders. January belief that t! is so0 CLEVELAND, nouncing their firm Cleveland Discount vent, officers who r went into receit have sent let- ders asking them purpose « Com ters to the stc to meet March §th for th reorganizing the co The plan for reor connection with the Company, organized some shareholders in the Discount to buy in certain of the Cleveland Discount o sale by the receivers. The letters are signed by W lin. vice, president; . O. Poland officers when Josiah _Kirby, founded the company, was president Kirby has nothing to do with the nev plan, Mr. Malin said. Three former directors of the coni- are included in the of 1 posed directors. They are Allen Av drews, Hamilton, Ohio; ; and Howard Wil Julius C. Knoll, Erie, president of the Erie Car Works, 3 eight other prominent Clevelande are proposed. The lst was arrived at after man ultations with loeal business men. 1f the .stockholders approve of men. Mr. Malin declared, a Hled and plans laid * toward a dismissal of the receiver- ship. In the meantime it is propo; to build the frame work of the com- pany so it can be used if the receiy- ership is lifted. Un last n_Disco March The Cleveland Discount Co . had an office and many stockholder in Washington 1% \ \ \ \ the department stores and spe- | Union Bag & I’ 6s jclalty shops for the first four months | Unit Drugcv 8s of the vear and enables store man- |US Rub lstrfbs. erce, Tt & . 97% the outset today from government re- ports showing fewer hogs on farms than a vear ago. General selling on U S Smelt&Ref. Gen Elec spl e USSteel....... { Gen Motors. 104% B. & 0. HEAD PREDICTS agers ‘to Coce Gen Mot 6% deb. Gen Refractorles | Gimbel Bros pf- { Glidden. . { Goodrich Goodyear pt. {Gray & Davis... Gt Northern pf.. Great Nor Ore ‘! { Greene-Canan. . i Gulf M & Nor pf. | Guit St Steel.... | Hanna (M A) pf. i Hartman Corp.. | Hayes Wheel. | Homestake. ! Houston Oil. . | Hudson Motors. Hupp Motors. { Hydraulic Stl. Illinois Central. N. Y. Stock and Bond| |izicioms: ;lndl.nuot;ru' cle Indian Refining. Averages. e ana. i inland Steel { Tnion Storags T'uion Storage Tuion Storaxe Union Storage. White Motor. CLOSING SUGAR PRICES. NEW YORK, January 26, futures closed s sales 10,000 ton 4.96; July, 5.01; WEEKLY BANK REPORT. NEW YORK, January 26.—The actual condition of clearing house Lanks and trust companies for the week shows a deficit in reserve of 24,660. This is decrease of 21,900. cerec Friday, January 25. Taibiration. | Interb Rap Tr. STOCKS. i In Ag Chem { Int Cement. Total stock sales, {Int Cement._...- shares. | Int & Grt North. Twenty industrials averaged | |intMer Marin 100.64; met gain, 1.50. {Int M Macine , 1923, 105.38; low, §5.76, | | ot Nickel. Elgh. 1923, 108.38: low, 8518 | | inchicKel vt Twenty railroads averaged | |IntHickel $4.34; net gain, .80, Invincible Ofl High, 1923, 90.51; low. 79.53. | Iron Products.. BONDS. e Jons Total bond sales (par value), | | KCPSLE1stpt. $14,440,000. Kansas City S.. . Kayser (Julius) Ten first grade rails averaged 86.90; net losy, .12. i Kelly Spr Tire. . Kelly-Spr 8% pt en secondary rails averaged $4¥5; net gain, .09. Kennecott...... Keystone Tire.. Ten public utilities averaged 87.15; net gain, . % | Kinney G R. | Kresge (SS) Ten industrials averaged 94.36; net gain, .03. | Lehigh Val | Lima Locomo. .. Combined average, 88.14; net unchanged. | Loews Inc. . { LoftInc. .. Combined average month ago, : year ago, 88,12 1,231, Loose-Wiles. ... Lorillard (P)... Louis & Nash. .. Mack Truc! 62 170 88% 867 4 |50 per cent basis of operation. U 8 Steel pf. . Utah Securitie 120% 22% 307 774 Vanadium Corp. | va-Car Chem... Va-C Chem pf. VIvadou...e.ue Wabash........ Wabash pf (A). Wabash pf (B).. Waldort System. { Western Md. ... | West Pacpf.... Western Unlon. West Air Brke. . Westhae E1&M. White Eag Oll.. White Motor. White Oil. wickwire...... Wilson & Co pt willys-Overld. . wilys-Overl pt 1 Wisconsin Cent. | Woolworth. Worthington ‘Worth'gton ( Wright Aero. .. Wrigley, Jr. | Youngstn Tube. 30% 26 1% 12% 88% 1% 12% 39 29 16 10% 58% 110% DUN REVIEWS WEEK. ;! Change in Steel Industry Most Vital Factbr in Trade World. |_NEW YORK, January 26.—Dunn's Review today says: “More evidence of a gain in business jis seen in some branches, though in others an increase is slow to appear. Irregularity still marks situation in {many lines, but the net change has been {moderately for the better. Low tem- perature in many places, with a belated cold wave in parts of the east early this week, reduced stocks of heavy- welght clothing, and reports from the retails field have improved. “Yet the most important news has not come from that quarter, but from the steel Industry, which is now on an Buying 30 far this year has been large enough, {in some cases at slightly higher prices, to give practical assurance that mills will be Kept busy for severgl month ¥ for pig iron has $roadencd Juoticcably in some distric : continue merchandising ioperations on an eflicient basis, Further 'Time Allowed. | The court and receivers adjourned 7%.juntil April 30 their plan for fmm. {digte liquidation of the United Stat |properties. This gives the protective jtrust committee, of which Clarence I, Booth of Rochester is United States chairman, additional time to secure additional co-operation among stock- holders for the preServation of their equities in these properties. The assets of the L. R. Steel Stock- holders’ Protective Trust are now more than $825.000, with more thun $500.000 in cash on deposit in the People’s Bank of Buffalo and the Royal Bank of Canada at Toronto. Under the agreement reached by rep- resentatives of the protective trust, the receivers and the court, the pro- tective trust committee of stock- holders will deposit with the court $100,000, as follows: $50,000 in cash and 350,000 either in cash'or in claims agalnst the companies aggregating in_face wvalue $50,000. In the event that the Stockholders’ Protective Trust purchases the assets of the companies, as {ntended under the reorganization plans submitted recently. the payments made in ac- cordance with the plan to finance the 20 per cent dividend payment will be credited upon the purchase price of the properties. Will Continue Business. The L. R. Steel Company, Ltd., in Canada, and a subsidiary of L. R. Steel Company, Inc., showed net op- erating profits’in December of more than $21,000, according to the report submitted to Canadlan creditors at the meeting held in Toronto, at which ! it was decided to continue the busi- ness for another thirty days. * ‘Washington creditors, who are re- ported to number over 500, afe fol- lowing the action of the protective committee Wwith the- greatest possible interest. ” SREBEESEL PARIS MARKET STEADY. PARIS, January 26.—Prices were steady on tho Bourse today. Three per cent rentes, 53 francs 80 centimes. Exchange on Lendon, 94 francs 30 centimes. Five per cent loan, 71 frames 10 centimes. The doilar was quoted at 2. francs US Steelsf 68 {Utah Pow & Lt 5. { Vertlentes Sug 7 | Va-Car Chem s Warner-Sugar 7s West Union 6%s. . Westinghouse 7 Wickwire Spen 7s. Wilson &Co 1st 63 Wilson&C cv 7% Wilson & Cocv 6s. > Youngstn S& T 6s. 18 BUMPER SUGAR CROP. NEW YORK. January 26.—Excess supplics of sugar available for the 000 tons, the Federal Sugar Refining | Company estimated today. The total { supply from non-domestic | said, would amount to 4,110,600 tons of refined sugar. { The surplus may be even further { increased by reduced consumption it present high prices are maintained | or raised. the company asserted. ' Cuba's new crop, federal experts | predicted, would set'a new record and might even be higher than present estimates if favorable Weather condi. Iuonu prevailed. With an increase in 1 domestic production anticipated, an- said. Latest estimates placed fu- rope’s beet sugar crop at 4,980,000 tons, an increase of about 400,000 tons over last year. e s LEAF TOBACCO RECEIPTS, BALTIMORE, January 26.—] - land leat tobacco receipts. for ine Iulu 106 hogsheads. As the buyers for France have not !been on the market since December 31, the demand for greenish firm leaf | has fallen off. All other grades, how- ever, continue in active request. Maryland prices per 100 pounds— Inferfor and frosted, firm leaf, 3.00a .50; sound common and greenish, 6.00 a8.00. common, 8.50a25.00; me- | dium, 26.00a35.00; good to fine red, 36.00a56.00; fancy, 56. seconds, com- men- to medium, 6.0 4.00; seconds, good to fine, 25.00a35.00; bay tobacco, fire cured, 15.00455.00; upper country. alr cured. 5.00840.00; ground leaver, new, 500825, : United States in 1923 will total 425,- | urces, it | other large carryover is possible, . it | | past week -were 77 hogsheads, and ' Markets of Week Show General Firmness. NEW YORK, January 26.—The cot- {ton market opened steady today at an advance of 7 to 26 points on higher Liverpool cables, firmer f eign exchange rates, Liverpool bu Closing ine, covering and a moderate com-| on house demand., March sold | 31 and May at on the call, ibut there was good deal ‘of r.-x—}l = iing or liquidation for over the week jend, and there o appeared to | {ome southern selling. This supplied tHc initial demand, and the market cased off during the early trading, th March reacting to 33.22 and May or within 4 points of vester- sing. Cotton__futures March, 3321 to_33. 133.50; 'Jul 12785 to 27. i quiet; middi NEW ORLEANS, La., Januars 26.— | Botter cables than due caused a rise | of 14 to 18 points in the price of cot- 3 1 to I e irregular. 33.47 October, closed iton soon after the opening of the| March rising to 33.40 | market today, March TiZlE (0 ey jand "October”to, 2 o elt. with Cemperatures, was regarded as favor- able and resulted in enough selling to put prices 1 to 7 points under the close of yesterday by the end of the first half hour. March fell off to 33.18 ober to 27.37. A o utures closed barely steady at net losses of 1 to 8 points. March, 33.18233.30; May, 32.8823300: July, 32.02a32.08: October, 27.35a27.37; De- cember, 26,90 bid to 27.00 asked. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Tose.—— Bid. Offer. Rate. Maturity. 1003 % aehs 43» March 15, 1024 24 100 116 100% 12" Tome 16, 1051 100 1-16 1004 330 June 13, 1924, 1001110 100% » September > i]s Deceml 24.... 1003:32 1001 Bl et e 1001782 1002132 43s June 15, 1925, o o 100'13-18 10015-16 4%5 December 10, A 99 8132 100 116 101 816, 101 516 1928 s September’ 15, 1 100 11-16 100 1316 v 15, December 15, 1921 ;TODAY’S COTTON PRICES. | to! 0. Spot | moderate rise in ! the part of commission houses took | place. However, the fact that one of { the chief of yesterday’s sellers started to buy at 791 for helped {check the breals in prices, Countr {offerings to Chicago remained small. | The openings, which ranged from 1} {to © lower, May 795 to 79%, { followed by ‘a_drop which carried Ma { down to 78%a’ ‘Wheat and corn weaknes: on wheat at Liverpool had ‘only a s_sympathized with here. After opening at % off to % up May, 1.09 to 1.09%, and July 10734 to 1.073, wheat sagged all around to below vesterday's finish. Oats started % to % 481 to 48%, and later little more. . Provisions, influenced by corn and hogs, were easier. WHEAT— Open. 1 RS ) 107 L 1.068; lower, May declined a High. 1087, 17073, Los. 1085 795 %0 Beptember . OATE— May July Sentember .. LARD— January . i CHICAGO STOCK MARKET. CHICAGO, January 26.—Following is a report of today's sales, high, low and closing quotations at the Chicago Stock 1 Exchange : | sales. High. | 50 Armonr of Del ptd 0 150 Common Edison. ... 13414 200 Continental Motors. 10 Diamond Match .. 1 340 Middle West Ut 5 Mid West Util 1035 Montgom Ward A. Quaker Oats ...... 100 Qnaker Oats pfd.. 2500 Stewart Warrer 250 Nwift & Co 1650 Swift Int 570 U8 Gypsum 33 Wahl oee 930 Wrigley 950 Yellow Mfz B 4% Yellow Taxi 2 Total sales, 33,000 shares. Low. Close. | Higher qugtations | temporary effect on the wheat market | FINE 1924 TRAFFIC Willard Says Business Can Be Sat- isfactory Even Under Last Year's Records. Special Dispatch to The Star. BALTIMORLE January 26.—Traflic en the Baltimore and Ohlo system and that of the railroads generally ha shown a decided finprovement since th first of the month, according to Pres dent Daniel Willard. Traffic is still somewhat less than at this time last wi id, and he ex- under last y level for some time to come. “But it can do that and still remain fair): satisfactory.” he Mr. Willard, | for Los Angeles via the Pa is going west by water D of his interest in the growth of traffic by the Panama canal route. A deal of this traffic is handled from the interfor to the Atlantic seaboard via the Balti- more and Ohio. BOSTON STOCK MARK BOSTON, January 2! Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Am Agel Chem Hdixon Elec Greenfid Tap & Die Mass Gas . N/ Pa Shoe Mach 8Shoe Mach Switt & Co. | V'S smelt ifd. — . L IVE POULTRY LOWER. Janvary 26.—Poultry; fowls, 16a22; sprinas, 21; roosters, 15; geese, 17; turkeys 0. ) I