Evening Star Newspaper, December 13, 1924, Page 14

r 14 FIN STOCKSGOMGHER | INTRADING TODAY Revival of Interest in Oils One of Features of Two- Hour Session. By the Associated Press. INEW YORK, December 13—With biying stimulated by the favorable tépor of the weekly mercantile re- viéws, the marked stiffening of for- elgn exchange rates and the sharp c@ntraction in the floating swpply of many issues, stock prices surged up- ward again in today's market. Revival of speculative Interest in the ofl shares, which have been lag- ging behind the rest of the market, ! was one of the features, Marland and Ofls each selling 2 points vesterday's final guotations. mately & score of issues attained | new peak prices for the véar, includ ing most of the fo-called Van Swer- ingen stocks whieh responded to the Brie directars’ approval of the lease of that road to, the new ickel i system. $ t Penn FPower points, Federal Light and Traction and American Express 513, American Radiator 5 and Kelsey Wheel, Ameri- can Car and Foundry, Worthington Pamp, “Nickel Plate,” Reading, Tnited States Realty, United States Cast Iron Pipe and Pere Marquette 2.to 3% points. YThe closing was strong. Sales ap- proximated 750,000 shares at 11.54. OILS COME TO FRONT. jumped 714 Stocks Neglected for Weeks Taken Up in Day’s Trading. BY STUART P. WEST. Special Dispatch to The Star. NEW: YORK, December feature in toda)’'s market Ww: sudden development of interest in the olls. These stocks had been neglected for weeks. They had refused to RO up while the rest of the market was boiling. The trade news was regard- ed as disappointing and consequently, & short Interest had developed at the same time that the weaker elements 1n the long account had been elimi- nated. Marland Oil, Pacific Oil. Pure Oil snd Cosden were the leaders, all up 115 to 2 points. Other oil shares fell into line. Steel Shares Quiet. _The steels did little, United States Steel common holding around 117% most of the two hours. Further cov- ering occurred in American Sugar, in the course of which the stock went up over 2 points to 51%. Philadel- phia and Reading, one of the so-cal'- ed “mystery stocks” in which Wall Streat delights, was actively bought. Another spectacular jump occurred West Penn Co. shares. Consoli- ated Gas made no further response to Friday's decision in the dollar gas cage. Worthington Pump Jumps. Worthington Pump advanced sharp- 13 to its highest for the year. There was nothing new to explain Its strength, and it was evident that the buying movement was being extended on the basis of 'the company's If- creased earnings possibilities. The perfection and greater use of Worth- ington's feed water healing system have been the chlef consideration. Mbreover, strong financial Interests which have sponsored the stock have shown no disposition to abandon thelr very bullish position on Worth- ington stock. 13.—The Markets at a Glance NEW YORK: Stocks—Strong; Van Sweringen issues at new highs. Beonds—Firm; Erie liens extend gains. Fareign exchange higher; Spanish pesetas at year's high. Cotton— Lower; Southern selling. Sugar— Steady; trade buylng. Coffee— Higher; firm Brasillan markets. SHARP DECLINES IN BUTTER PRICES Surplus Supplies and Slow Demand Cause Break During Past Week. By the Assoclated Press. CHICAGO, December 13.—Surplus supplies and lack of demand caused by the relatively high price levels which had existed for two weeks caused sharp declines in the principal butter markets during the week. Reduction” in storage holdings was nearly 1,000,000 pounds less than the previous week, but much greater than the corresponding period last year, a condition which some oper- ators considered lent firmness to the market situation. Larger receipts of fresh butter were taken as an indi- cation of a continued increase in production. Closing wholesale prices and range, 92 score butter, at the principal mar- kets, follow: Chicago, 2% less at 41; New York, 13% less at 43%; Boston, 2 less at 43, and Philadelphia, 1 less at 44% — e SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) se.— el. & Tel. ZAnaconda Copper Gs 192 Anglo-Ameriean Oil 738 1925. Ausoclated Ol 8¢ 1035 Central Leather 1025, €hi., Mil, & Bt, Paul 6s 1934. Chi., R. 1. & Pacific 5lgs 1026. Columbia Gas EL 1st 5s 1927. Continental Great Northern s . of ]l\lmbhlmlrgsl&: 182 «high Pow. Bec. Corp, 3 AL E AL G158 1931, Western Union 835 1936. 10" 1 vestinghouse E. & M. 7s 1831. 107 107 N oKL et 6o 1026, calica'at 102, TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Close.—— March 15, 1925 4%s March 15, 1925 41g8 June 15, Beptember 15, 3 101 101 1182 % 13{”-10 101 9-16° IRON PRICES ADVANCE. CHICAGO, December 13.— Heavy melting steel was quoted at $18.50 to $19 a ton in the Chicago district to-| day, an incredse of 25 cents, and thé year’s peak price for this grade. 3 {iron ‘prices in the Chicago dis- have “advanced 50 cents a ton, to $22.50, the | ANCIAL, Abitibl Pow (4). Adams Exp (6).. Adv Rumley.... Ad Rumly pt (3). Rubber. ... Alaska Gold.... Alaska Juneau. . Allled Chem (4). Allls Chalm (4). Allis Chim pf (1) Am Ag Chm pt.. Am Bk N pf (3 Am Beet Sug (4} Am Bosch. Am Brk Sh Am Can (16).... AmCar & ¥ (12) Am Chain A (2). Am Chicl Am Expresa (6). Am&F P 255 (T; AmFPfpt (7). Am Hide & Lea. Am Hide & L pf. Am Ice (7) Am Internat Am LaFrance Am Linseed. Am Linseed Am Locomo (6). Am Metal (3)... Am Radiator (4) Am Radla pf (7). Am Roll M pt (7). Am Ship & Cor | Am 8m & Ret (5: |AmSa& Rpt (7). Am Stl Fays (3). Am Sugar pf (1) Am Sumatra.... AmT & Tel (9). Am Typ Fdrs () Am Water Wks. Am W W pt (6). Am Woolen .... | Am Writ Pap pt. Am Zinc. s Am Zine pf... Anaconda. ... Armonr Del (7). Arn Cons & Co.. Assets Realiz. .. Asso Dry G (5).. Asso Ol (1%) AtT & S Fe (6). AT&SFpf (5). | At Birm & At... {Atl Coast L (18). AtGuit & WI... Atlantic Refining Atlas Tack...... | Austin-Nichola. Baldwin L (1) Barnsdall A. Beechnut (13)... Bethlehem Steel Beth Stl pf (7).. Beth Stl pf (8).. Brk-Man Tran. . Bklyn Man pt (6) Brklyn Un G (4) Brown Shoe (4). Bugns Bro (10).. Butte Cop (50c). Eutte&Superior. Butterick Co.... Caddo Central Cal Pete (1%) Callahan Zinc. . Calumet & H 50c Can Pacific (10). Case Threshing. Cent Leather... Cent Leather pf. CRRNJ (412).. Century Rib (2) Cero d Pasco (: Certain-Teed Chand Mot ( Ches & Ohlo (4). 2 Ches & O pf (6%) 107 Chicago & Alton 9% Chic & East 111. . Chi & E Ill pt.. Chic Gr West. Chic Gr West pf. ChiMil &StP... ChiMi &8P pf. Chi & Nwn (4) Chino Copper. . Cluett Peab (). Coca-Colo (7)... Colo Fuel & Iron Colo Southern. . Colo Sou 2d (4)... Col G & E (2.60). Col Gas & E1 pt.. 103% Col Carbun (4).. 50 Com Solv B. . Com Solv rgts... Congol-Nairn(3) Consol Cigar. ... Con Cigar pf (7) Con Distributrs. Consol Gas (5) Consol Textile Cont Can (4) 65% Cont Can pf (7). 113% Cont Insur (6) 101% Jont Mot (80c) g Corn Prod (2) Cosden Co. Cosden pf (7). Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su pf. . Cuba Dominican Cuyamet Br (4). Daniel Boone. ... Davison Chem Del & Hud Del L& W Detroit Ed (8 Devoe 1st (7). Dome Mines (2). Doug Pectin (1). Du Pont (8)..... 1 Duquesne pf (7). Eastman (18)... Elec Stor Bat(5) End-John (6). 2 4 72 30 13% 57% 4% 8 42% 132 Erie. . Erie 1st pf. Erte 34 pf. ‘airbks (3.60) :unfl\u Pl (8] Fed Lt & Tract Federal Mines. . Fid Phoentx (6). Fisher Bdy (10). Fisk Rubber.. Fish Rubber pt.. Fleischman (14). Foundation (6). Freeport-Texas. Gen Am Tnk (3) Gen Asphalt. ... Gen Blkln‘u(.il : Cigar (8)... Sen Eisctric (8 276% Gen El spl (!(‘::)» 11 Gen Motors (5).. Seon Motpr (0. 103 Gen Petrol (2).. 40% Gimbel Bros. Ginter Co (1%) - G“Ad;;lctfl . 1d Dust. Sovayenr pi. 84% 85K Gdyesr prior (8) 107% 107% Granby Consol.. 17% 17% Gray & Davis... Grt North f (6). Grt Nor Ore (4 Grt Watn Su( Gt West Spf (1) Gulf Mo & Nor Gu Mo & N pt (5) Gulf St Steel (5). Hanna 1st (7). .. Hartman Co (§). Hayes Wheel (3) Ho: Co (A)... Homestake (17). Househ P (13%). Houston Ofl. IMnots Cent (7). 115% 116% 115% 116 . 116% 116% 115% 116% 0 1 10 10% 5 5 256 255 46 46 nl 13 Ingersoll R*(8)..-266 256 Inland St (2%). 48 ° 46 Inspiration Cop. Interd Rap Tr... Internat Agri... & 6% 6% 6% 3 | Packard (11.50 3 | Simmions (2). 36% | e Cigar (13%) THE EVENING STAR, WASHINGTON, D. C. SATURDAY, DECEMBER 13l, 1924. e om_BONDS o] REGORD ADVANCES [TRANSTCONPANY Open. Int Cement (4).. 58% Int Com Eng (2) 364 Internat Har (6) 106% Inter Har pf (7). 116 Int Mer Marin Int Mer Mar pf.. Internat Nickel Internat Paper.. Int Ry Cent Am. Int Tel & Tel ¢6) Invincible OI1, Iron Prod (4%).. Jewal T¢ Jewel Tea pt Jordon Mot (3).,. Kansas & Gulf.. K CP &Llat (7). Kan City South. Kan C So pf (4). Kelly-Sprigfeld. Kelly Sprng 1s Kelsey Whi (6). Kennecott (3).. Keystone T & . Kresge Dep Str. Lehigh Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lima Loco (4)... Loews Inoe (3)... Loft........ . Lorriliara 3).. Ludlum (2). McCrory (1.60). . Mack Trucks (6) Mack Trk lat pd Macy HR & Co. Magma Copper. Mallinson & Co. Manhat Shirt (3) Manila Blec (n). Maracaibo Oll. .. Marland Ofl. - Martin-Parry 4. Mathieson Alka. Maxwell Mot A. . Maxwell Mot B. . May Dept St (5). Metro G pf (1.89) Mex Seabd (2, Miami Cop (2! Middle States. .. Midind Pr pf (8). Mis Kan & Tex. . Mis K & Tex pt.. Missour! ific. Missburl Pac pt. Montgom Ward. Moon Mot (3. Mother Lode 760 Mullins Body. .. Nash Mot (110).. Nat Biscuit (14). Nat Dairy (3)... Nat Distillers pf. t Enamel & Nevada Copper. . N O T&M 123%.. NYAIrBr(4).. NYAirBrA (§) N Y Canners (2) £ Central (7). Y C & StL (6 North Am (3.40).. North Am pf (3). North Pac (5).. Ohlo Body & B.. Cnyx Hoslery. .. Orpheum (1%).. Otis Elev (16%).. Ouis Steel........ 4% | Owens Bot (3)... Pacific Oil (2). Packard pf (7).. Pan-Amer (4)... 7 | Pan-Amer B (4) FPark & Tiltord.. Pennsy RR (3).. Penn Seab Steel. Peoples Gas (8).. Pere Marg (4)... Pere Mar pf (5). Fere M prior (6) FhilaCo (4).... Fhila& RC&I. Philip Morri Phillips Jones. . . Phil-Jones pf (7) Phillips Pet (2). Plerce-ArTow. .. Pierce-Arrow pf Fierce-A prior 8. Pierce Ofl. : Fierce Oil pf. Fierce Petrol Pitts Coal (4). Pitts Ut pf (1.20) Pitts Ut ct{s 1.20 Pitts & West Va. Pitts & WVarts. P& W Va of (6). Postum Cer (4). Press Steel Car.. Steel C pf. Prod & PubSerNJ (5). Public Serv rts.. 4 gmuumn Co (8 Punta Al 8u (5). Pure O1l of (8) Radio Corpof A. 44 Radio Cpf (3%). 48% Ry St1Spg (3)...182% Bay Cona Cop. Readlng (4). Reriing rts. .. Read 2d pf (2)... Remington Type Replogle Steel.. Rep Ir & Steel. Reynolds 8p (1). Roy Duth 4.42% . St Joseph Ld (2) StL & San F (8) StL Southwest. Savage Arms Schulte (8) Seaboard Alr Seabd Air L pi 41% Sears-Roebk (6) 139% Seneca Copper.. 1% snnz%cl:-m(l:). . Ja nion (1). Shell i Simms Pet (500). 17% Sinclair Ofl Skelly Oil. Sloss-Sheft (6) South Pac (§) Southern Ry (51 South Ry pf (5)., Spicer Mfy SidGas& Stand MiI1 (5). ). Stand P1G1 (3).. Stew Warner (6) Stromberg (6).... Studebaker (4). Submarine Boat. Buperior Ol Telautograph. Tennessee Cop % | Texs Co Tex G Sul(17%).. Texas & Paclfic. Tex & PacC & O Tide Wat Oil (4). Timken (13%). Tobac Prod (6).. Tobac Prod A (1) Transcont Oll. .. Un Bag & Paper. Union Ofl (1.80: Un Pacific (10) Utd Alloy'Steel. 35% % 26% 62% United Drug (6). 11 UtdDrug 1st3% 6 Utd Fruit (10).. 204% Utd Ry Invest pf B9% U SCast Iron P. 30% 30% 30% 30% | U 82% 3% 32% 3B2% raves 14% 102% 102% % % 834 107% 10 . High. Low. Closs. 59 58% 58% 38 364 3T 107% 116 % 13% 4% 23 51% 16% 88% 14% 821 B4 204 20% 02% 102% 61 21 102% 1 1% b1% 3% 92 90 115% 114 14 58 6% 57 5 43% 88k 48% 48% 1% 1% 115% 116% 3 % 33% 48% 1% 115% 7 85 b4 48% 16% 82% 88 36 % | March, ' 23.49; 82% 7% 22% 86% 147% 26% 624 119% 35% 88% 147%,147% 26% 2% 116% 119% 52 B2 52 204% 204% 204% 60% 594 60 136Y% 136% 3% 87% jegpiiegsle BONDS GONTINUE 10 MOVE HIGHER Strong Demand for Railroad Issues Helps Rest of List Advance. g BY GEORGE T. HUGHES., Special Dispateh to The Star. NEW YORK, December 13.—Low- priced railroad bonds were the lead- ers in @ strong market at the week's close. The Erles were in especial de- mand as a result of the gnnouncement that the negotiations for a ledse t0 the Nickel Plate had been brought to a favorable conclusion. Erie Convert- ible D 48 were taken in large volume up & point and a quarter from Fri- da¥'s close and nearly 3 points on the week. This is the issue which is still convertible into Erie stock. There was also buying of the Erle Convertible A and B {s, which the con- version privilege has expired and of Erle general s, all on the theory that the position of the bonds would be strengthened under the proposed combination. The same rea- son was probably back of the buying of New York, Susquehanna and West- ern Refunding 6s, gencrally an inac- tive bond, but today showing consider- able strength. The Erle controls the Susquehanna. s C. & O. Fives Hold Firm. Other speculative and semi-specu- lative rallroad bonds were firm iIn sympathy with their respective stoaks, but not so active as the Erles. Chesapeake and Ohio convertible 53, which have had a spectacular rise this week of nearly 7 points, sold around their recent high. Chicago & Alton 3i%s, Chicago Greatwest- ern 4s, M. K. & T. adjustments Seaboard Air Line adjustments and to a less degree the St. Paul Issues were all strong. In the traction group the feature has been Chicago Rallways 55. The extreme range has been 10 points, ‘with a galn on the week of around 6 points. In contrast was the weak- ness In the local tractions, notably the Interborough bonds and nites Industrials have been irregu sr all the week and were still 50 today. Sugar Liens Depressed. Sugar bonds generalls have been depressed, both the Warner Sugar 7 per cent Issues being down more than 2 points on the week. Cuba Cane 8s have been heavy below par. Copper bonds have beep just about steady. Notwithstanding the improvement in the copper trade and the advance in some copper stocks, the bonds have failed to respond. In the high-grade investment divi- sion prices have sagged away very slowly, but very perceptibly. All the active Liberty issues are off on the week. _— COTTON QUOTATIONS ARE LOWER TODAY Smaller Domestic Consumption Figures Keep Prices From Advancing. By the Associated Press NEW YORK, December 13.—The cotton market opened steady today at @ decline of 3 to 21 points. January s0ld off to 23.04 and May to 23.83 under liquidation by recent buyers, local pressure inspired by easy Liver- pool cables and smaller domestic con- sumption figures than expected. The latter showed only 492,233 balcs con- sumed {n this country during No- vember, compared with 532,629 the previous month. Early offerings were readily absorbed, however, and the market soon rallied on continued {trade buying with a renewal of cover- | Ing belleved to be partly for Wall street account. January advanced to 23.23 and May to 23.98, and at end of the first hour, active months were about 2 to 4 points net lower. Cotton futures closed steady. Low. Range. 23.08 28.00-10 23.04 23.15-19 23.40 23.55-56 23.83 23.90-91 24.22 23.98 24.08 December. 23.10 offered; January, 23.10; March, 23.50; May, 28.85; July, 24,02, New Orleans Quotations. NEW ORLEANS, La., December 13. —Cotton futures opened steady. De- cember, 23.56 bid; January, 23.48; May, 23.76; July, 23.50 bid. Cotton futures closed steady at net decline of 12 to 16 poin: December January March BUSINESS REPORTED AT EXACTLY NORMAL General business has increased in almost every line since election. The Babsonchart, then 7 per cent below normal, now shows activity et exactly 22% | norm: ) DAIRY PRODUCE. BALTMORE, December 13 (Spe- cial).—Live poultry—Young chickens, pound, 14a22; Leghorns, 14al8; old hens, 14a22; old roosters, 14al5; young turkeys, 33a35; old, 30a31; poor and crooked breasts, 24a25; ducks, 14a22; geese, 18a32; pigeons, pair, 30; guinea fowl. each, 40a80. Dressed poultry—Turkeys, pound, 30a85; poor and crooked breasts, 24a 25; chickens, 20a24: old roosters, 15a ducks, 20225; geese, 20a25. Eggs—Receipts, 200 cases; native and nearby firsts, dozen, offered 60; bid, 57; quotations, 57. Butter—Creamery, good Yo fancy, pound, 40a45; prints, 44ad6; nearby creamery, 36a41; ladles, 30a32; store packed, 24a25; process 33a34; dairy prints, 26a2' 1 7. Waldorf (1%).. ‘Webber & H (1). Wi ‘West Md 2d pf.. Western Pacific. ‘West Pac pf (6). ‘West Union (7). West Alr Br (6). hse (4) . Welfll‘l“'“. ‘Whi ‘White Mot (4).. ‘Willys-Overland ys-Over pf. Wrigh Yol CMS (3.52)... IJNII:ID STATES BONDS. * biee. alei e Low. Close. . 32 .100-81' 102-26 100-28 14 10122 101-17 101-21 5 100-28 100-25 100-25 1965 10131 10187 10481 . 01-31 101 US4%s1952. 404 105-8 I0B~1 M FOREIGN. Sales. High. Low. Cless, 83 95 102 96% 941 Chile 351946, . 4., Chinese Gov Ry 8s 3 Con Pow Japan 7s. 11 Czecho 88 1961.... Czecho 8s 1952 ct. . Denmark 6s. .. DEIbY%s DETS N 2 Mch '83 14 Nov '63. 24 t I 7T 6 Dutch East L El Salvador 8 4 Framerican 7%s.. Wrench 7Tsa wi. 168 French Govt 14s. 23 French Govt Germany 7s Jergens UM 6547 Lyons 6 Marneiile 6s. Mexico 55 assented Netherlands 68 ‘54 Netherlands 6s 72 20 100% 2 102% 11 98% 4 98% 100% 102% 9814 Paris Orleans 7s Porto Algere 3 Prague.7%s. ... Rio de Jan 8a 1947 Rio Gr Do Sul 8s.. Ud Kingm 5%s°37 6 104% 104% MISCELLANEOUS. Ajax Rubher . 3 96% 95 AmAgrChem 748 5 05 AmChainsf 6s'33 17 Am CottonOllbs.. 5 Am SmIt&R 1st 6s. 13 Anaconda cvdb 7s 20 Armdur & Cod%s. 13 Armour of Dal 531 26 Associgted Ol 5 Brier H St 1st § Bklyn Ed gen 5s. Bush T Bldg 58 Calif Pete 6%s. Zan Gen El deb 6s. Central Leather §s 42 Chile Copper 6 7 Col Gas & El bs sta. Commonwth P Con Coal Md 1s Consumers Po’ Cuba Cane cv 7t "3( Cuba Canecvdss. 21 Deover Gas§s.... 17 D 4 3 4 12 1 4 Donner Steel 7. . 14 Du Pont de N 7%s. Duquesne Light 6s Est Cuba Sug 7 Fisk Rubber Goodricn & . Goodyear 8s1931.. 1 Goodyear 851941.. 9 Hershey 63 194: 8 Humble O&R 6%s. 4 Tilinots Bell 1st bs. 10 Illinois Steel 4%p. 2 Indiana Steel bi 8 101% Int Mer Marine 6s. 2 89% Inter Paper 55 3 s6% KCP&Lt6sA 'Sl 14 96 KanG&EI16s'62. 5 98% Keyser (J) 7 . 1 101% Liggett & Myrs bs. 20 98% Liggett & Myrs 7s. 10 1184 borllll-flé (P) 5:. .« 6 9 Magma Cop cv 78.. Manati Sug sf 7% Marland Oll 7%s.. 1 Marland Ol 8s°31. & Maxwell Motor 7s.129 Midvale Steel s ct 5 Montana Pow bs.. 12 Nat Tube 1st b 7 Nortn Am Ed 6s. North Am Ed 6%s. & Nor Ohio T&L 6s.. 12 Nor States Pow bs. 2 Noflhwl'i .B Tel T8 2; 1s Stee! Picific Gas & El 58 5 Pacific T & T 53 '62 Pan-American Phila Co 5%s’38 PhilaCorel s A.. Phil & Rdg C&I5s BeBornan - - ~oo® ~ ‘Warner, Sug 78 '39. r'Sug 7841, LIS 98% 98I 110 " 110 1 107% 107% 20 9% 9% 94 914 85 85 Wilson&Ccv1%s. & 56 b54% 55 Winchester A 7%s 2 101% 101% 101% Younsstn 8 & T s 11, 96% 95% 96% . LONDON, December 13.—Bar silver, 32% per ounce; money, 2% per cent. tes: Short- bills, 3%a 4 -per cenmt; three. month bills, 3 11-16a3% per cent, vs 85% | October, RAILROAD. Atchiso: " High. chison gen 885 Atlantic C L cl 4. B&Ogold 4s Low. Close. 88% B8% 86% B6% 864 864 88% 8% 85% 85% 99% 99% 102% 102% 101% 19 Buff R. & Pitt 4%s 1 Canada North 7s.. 2 Canada Pac deb 4s 14 Car Clinch & O 5 Car Clinch & O 99% | regulted th CM & Puget Sd CM& 8t P db 4 Chi M&SL P cv 4% Chi M&St P rf 4%s ChiM & St P cv bs. © B xoanRmme- CCC & St L rf 68 Cleve Term bs. Cleve Term 6 1 Colo & Sou 4% Cuba R R 734s. . Del & Hudson §%s 2 Den& RioGends. 4 Erle conv 4s D. Erfe Genessee R 63 5 Grand Trunk 7 Great North b Gr. North gen 6%s Gr North gen 7: Havana ERL&P 55 Hud & Man ref 5s. Hud & Man aj 6» Int Rap Tran 6. Int Rap Tr bs Int Rap Tran 6s Int & G Nor 1st Int & G Nor aj lowa Cent rt 4s Iowa Cent 1st 53 KanCity Ft S 4s Kansas City S 5s.. Kan ity Term 4s. Lake Shore 45 '31. Louis & N uni 4 Louis & N 5s B Louis & Nash 5 t4s. Louis & Nash 7 Market St Ry 7 9 64 63% 5 100%N100% 83% 831 994 99 Mo Pac 38 1926, Mo Pacific 5s N O Tex & M 68 B. NOTex & M 53%s NY Centri: N Y Cent deb 4 NY Chi & St L 6%s NYC&StL6sA. New Havn d 4s'57. NewHaven c d 6s New Haven7s.... 1 New Haven 7s fr. 425 NYRyrfésctts.. 2 New York Ryajbs 1 NYStateRy 4%s. 6 NYW&Bos4 Northern Pac 3 orthern Pac 4s.. Northern Pac 65 D Northern Pacri Ore Short Liref & Pennsyl gen 5s. 1 19 12 5 53 10 1 Y 7 1 10 6 30 2 5 3 37 e B e e e e - wnolRabe nnsasbrtavuSantichaReRholarcon amanl - Southern Ry Southern Ry Southern Ry 6%s. Term Asso St L 4 b Union Pacific cv. Virginia Ry st 6s.. ‘Wabash 1st 5 ‘Wabash 2d bs Western Md 4s.. ‘Western Pacific bs ‘Wheel & L E cn 4 NATIONAL SUGAR COMPANY DIRECTORS FAVOR SALE By the Associated Press. NEW YORK, December 13.—Officers and directors of the National Sugar Refining Co. have completed negotia- tions to sell the concern to the Ameri- can Sugar Refining Co. for $16,500,000 cash. The_sale is held subject to the approval of proper legal authorities % | and of the national stockholders. The protective committee, formed re- cently by some of the national stock- holders to prevent the American from absorbing the company, “will oppose the present proposition, first, last and all the time” sald Harold G. Aron, counsel. Mr. Aron said the committee ‘would present its side to the Attorney General at Washington next Tuekday. COTTON CONSUMPTION REPORTED BY CENSUS Cotton consumed during November totaled 492,233 running bales of lint and 60,960 of linters, compared with 532,629 of lint and 55,095 of linters in this year, and 532,702 of lint and 48,843 of linters In Novem- 048 | ber, last year, the Census Bureau to- day announced. £ - Cottop spindles active during No- vember numbered 31,789,876, com- pared with 31,078,804 in October, this |G} year, and 34,123,732 in November, last year. MOTOR MERGER SAID T0 BE NEAR COMPLETION By the Assoclated Prees. NEW YORK, December 13.—Ad- vices recelved in the financial district from Cleveland indicate that plans for a merger of the Peerless Truck and Motor Corporation with the Rick- enbacker Motor Company, Gray Motor and .the Trippensee Body Co. are progressing and may be announced next week. - The- consolidation will in- volve about ‘$23,000,000, it is said, - FINANCIAL, - IN GRAIN VALUES Week Sees Wheat, Corn, ' Oats and Provisions Jump to New Levels. By the Assoclated Press. CHICAGO, December 13.—Record- breaking advances in prices for ‘wheat, corn, oats and provisions have week from unusually broad general buying based on such factors as an authoritative estimate that Europe would require 128,000,000 bushels of United States wheat be- tween January 1 and July 1, next. Compared with a week ago, wheat this morning was 5% to 7% cents higher, corn 6% to, 8% cents up, oats showing 4% to 5% cents gain and provisions at a rise varying from 25 to 87 cen! Quotations Stand Up. For the most part, no downturns in quotations took place except tem- porarily as a consequence of big sell- ing to realize profits. It was current gossip that any weakly held stocks of wheat in Eu- rope were being rapidly disposed of, and with indications that shipments from Chicago and other centers were being expedited there was apparent likelihood of an impending further shrinkage of the domestic visible supply total, aside from the decrease shown last Monday. Falling off of the amount of wheat on ocean pas- sage was likewise deemed significant. Virtual ending of the lake move- ment of Canadian wheat was another source of strength in the wheat mar- ket here, and so, too, was a reported enlargement of the domestic demand for flour. The fact, moreover, that No. 2 red Winter wheat, the standard contract grade in Chicago, had com- manded as high as $1.74 a bushel in Kansas City seemed to act as a par- ticular stimulus to propoments of higher prices here. Sharp Rise in Corn. Advices of severe crop damage in Argentina had much to do with the ascent of corn values, and were off- set only in part by news that drought there had been relieved by rain. Oats followed corn. Buying of provisions was acceler- ated by the disparity between the hog market and prevailing prices for feed. Washington Stock Exchange SALES. Capital Traction—10 at 913, 10 st 91%, 3 at 913, 5 at 91, 1 at 9135, Washiington Light—10 at 53%, 10 st 53%. 10 at 53%, 10 at 53%. Lanston Monotype—10_at 76, 20 at 76, 10 at 76, 10 at 76, 10 at 76} Mergenthaler 'Linotype—3 at 170, 10 st 1703, 10 at 1703, 10 at 170%, 3 at 170%. Natl. Mtge. & Iovest. pfd.—10 at 9%, 20 at’ 9% AFTER CALL, Capital Traction 5s—$2,000 at 58%, $1.000 t 95% hington Rwy. & Elec. pfd.—10 at 78%. Mergenttialer Linotpe—10 at 10, Washington Gas Light—10 at 53%. et Traction 55—$1,000 at . $1,000 UNLISTED DEPT. Chapin-Sacks 8% pfd—10 at 95. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked. American Tel. & Te American Tel. & T . Tel. Am. Tel. & Tel. conv. 6s. | Anacostia & Potomac 5 ‘Auacostia & Potomac guai C. & P. Telephone 5s C. & P. Telephone of Capital Traction R. R. Metropolitan R. K Elec. 1st Elec. Pow. g m. ) Alex. & Mt Ver, 5. » Alex. & Mt. Ver. ctfy Bait, & Annap. Bs. Rwy. & El Rwy. & Elec. ge MISCELLANEOUS. D. C. Paper Mfg. 6s. Pot. Jt. Stk 14 Rigks Realty 5 Riggs Realty Southern Bidg. 6% 100 Wash. Market Cold Storage 5. 83 Wardman Park Hotel 6s....... 1003 STOCKS. PUBLIO UTILITY. American Tel. & Tel Capital Traction Wi w Pt NTH BAVINGS BANK. Commerce & Bavings o Washiagton. ::e:rlty h':‘& Commercial. Beventh Street. United State Washington Mechanics' FIRB INSURANCE, sBE8sE American Corcoran . Er] Firemen's National Union. 5 TITLB INSURANCE. Columbia Title . Real Estate Titi MISCELLANEOUS, Merchants' Transfer & Storage.. 115 Morgentraler Linotype . 170y Natl, M old Market com. 014 Dutch Market p¢ Lanston " Moao! z Washington Market. Yellow Ci FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, pound Montreal, dollar Parls, Brussels, T BOSTON, December 13 (8pecial).— The raw wool market's usual week end letdown was a little more pro- nounced than usual today, some buy- ers apparently having withdrawn from the market until the new year. Prices continued firm, h er, and deal are confident of maintaining els. The slight w s reported In forelgn markets 1s regarded as purely seasonal. B e — Greece produced 14,261,000 gallons of olive oil last year. EARNINGS IMPROVE Decrease in Operating Costs Big Factor in Report for November. BY CHAS. P. SHAEFFER. Despite a 5000 live mileage de- crease and a loss of 13,211 in revenue passengers, the Washington Rapid Transit Company reported a gain of more than $1,000 for November's operations as compared with the Pprevious month, according to report made public this morning by the Public Utllities Commission. The net corporate income of the line amounted to $5.062.53 in Novem- ber, while a net of but $3,948.39 i shown for the previous month, The utllity carried a total of 319,556 revenue passengers in the month consisting of 67,865 at the rate of 1¢ cents, the remainder paying a charge of 8 cents. Thirty-six busses wer. operated, this figure showing mno change from previous months of this year. A decrease of about $1,200 § s- more than $2,300 decrease in operat- Ing expenses. This decreaso was caused mainly by a paring of $600 In vehicle operation and a saving of more ohan” 1000 in maintenance mllgrl’;l_ y chassis repairs and A slight increase in bus fares will be effective on February 1, at the rate of 5 tokens for 45 cents, or stralght fare of 10 cents. The pres. ent fare is 10 cents straight or threc tokens for 25 cents Bus| Gainm Steadily. Allowing for the lull that always prevails in some lines at this sea- son, there has been no check to the advance in business, R. G. Dun & Co finds. . Continuing progress ds shown by oSt reports, and there are expecta- tlons of further gains to come in pri- mary channels in the new year afte the passing of holiday influenc Christmas retafl trade has developed well in many places, giving proot of a large public buying power, and it was quickened this week by colder weather with snowfall in some scc- tions. The most interesting movements, however, were found to be occurring in the big manufacturing industries where a substantial recovery from previous depressed conditions is un der way. Convincing evidence of thi fact has already been given by statis- tics of production and the statement of unfilled steel orders, showing w monthly increase of more than half a million tons has been added to th: favorable features. Banker Wins Trophy. The silver reserve of the Federal- American Natlonal Bank has been augmented by the Birney trophy, won yesterday by Wilmer J. Waller, vice president of the institution. at the Washington Golf and Country Club. A replica of the treasure will repo in the bank’s vaults, it was sald this morning. Mr. Weller refused to discuss “for publication” the prize winning score which totaled 207 for 36 holes. Ratlway Equipment Orders. Orders for rallway equipment this week aggregated about $8,500,000, ac- cording to Railway Age, and includ- ed 49 locomotives, 1,574 freight cars and 68 passenger cars. Trading on Local Exchange. Activity in the miscellaneous group and a decrease of 1% points in stock of the Capital Tractlon Com- pany featured today's local market Lanston Monotype sold to the ex- tent of 60 shares at 76, while Mer- genthaler sold to an aggregate of 4G shares at the vear's high, 17 Traction was off to 9135, Gas was firm at 53% and 53 Natlonal Mortgage and Investment preferred sold at the year's high, 9. ?;li‘,lwly preferred was unchanged at Ten shares of Chapin-Sacks 8 per cent preferred sold in the unlisted market at 95. GRAIN AND PROVISIONS. BALTIMORE, December 13 (Spe- clal).—Potatoes, new, 100 pounds, 1.00 al1.50; sacks, 1.75a2.25; sweet pota- toes, barrel, 2.00a5.00; vams, barrel, 3.0024.00: beans, hampers, 5,00a6.50; beets, 100, 4.00a5.00; broccoli and kale, bushel, 40a50; brussels sprouts, quart, 8al5; cabbage, 100, 3.0025.00 savoy, bushel, 40a50; carrots, 100, 4.00 26.00; cauliflower, crate, 2.00a3.25; celery, crate, 1.75a4.00; cucumbers, bushel, 2.50a5.50; eggplants, crate, 2.50a4.50; lettuce, basket, 1.25a2.25; onlons, 100 2.75a3.00; oysterplant, 100, parsnips, basket, 40a50 crate, 3.00a5.50; pumpkins, 15.00a25.00; spinach, bushel, 50a squash, crate, 3.00a4.00; tomatoes, crate, 3.0a6.50; turnips, basket, 30a40. Apples, packed, barrel, 3.00a7.00; bushel, loose, basket, 40a75; box apples, 2.00a3.00; cranberries, box, 5.75a8.00; grapefruit, box, 1.50a 2.75; oranges, box, 2.5023.75. in Selling Prices at Noon. Wheat—No. 2 red Winter, spot, 1.71%; No. 2 red Winter, garlicky, domestic, 1.71%; No. 3 red Winter, garlicky, 1.683%. Sales—None. Corn—Cob, new, yellow, spot, 5.85a 5.90 per barrel; track corn, yellow, No. 2, old, 1.43al.44. Oats—No. 2, new, 65a653% per bush- el; No. 3, 64a64%. Rye—Nearby, 1.15a1.25; No. 3 rye, spot, 1.41%. Hay—Recelipts, 12 tons. There is a limited demand for the better grades of timothy and choice light clover- mixed hay, of which class of stock the supplies are not excessive. Me- d low grade hay of all de- is in ample supply and hard to move at any price. Quotations today—No. 2 timothy, 19.50220.50; No. 3 timothy, 16.00a18.00; No. 1 light clover, mixed, 18.50a19.00; No. 1 clover mixed, 17.50a18.00; No. 2 clover, mixed, 15.00a16.00. Straw—No. 1 wheat, 12.00a18.00 per ton; No. 1 oat, 13.00a14.00 per ton. il e gnk #53 Do. pf. De Beers Dom Can Ltd pf. Gold Btock Tel. P BB TRV P (=118 BOND SALE DATE SET. NEW YORK, December 13 (Special). —Books will be open for subscrip- tion to the $12,000,000 Philadelphia 4 T oent bonds at noon, January §; 11,000,000 are 20 to 50 year bonds and $1,000,000 are 15-year maturities.