Evening Star Newspaper, December 17, 1924, Page 28

FINANCIAL } i THE 'EVENING STAR, WASHINGTO! C, WEDNESDAY, DECEMBER 17, 192 _— e EASTERN RAILROAD SHARES GO HIGHER Several Specialties Also Soar Today—Merger Talk Prominent Factor. BY STUART P. WE! Dispatch to The Star. b W YOREK, December 17.—Wall Street was full of rumors ‘Odfly re- ding the buying by the Eastern ilroads of another's stocks. The idea was that as the result of the administration’s program for rail- way consolidation there would eventually emerge four great sys- tems in the eastern section of the countr These would be l‘('r!!\s)‘l- vania, New York Central, Baltimore and Ohio and Nickel Plate. Al the other roads in this territory will be taken in eventually by one or E er of these major units. 1’;{’:1“1\( a;" officials came out promptly with denials, but the Street refused 10 accept them. The contention was that if such amalgamations were u:- der way they would be kept very se- oret im banking quarters. The official denfals would be technically correct because the detalls had not been worked out, and, therefore, the dr—fllsl might be considered as still hanging fire. N Many Sharp Advances. But the financial district preferred o believe the evidence of the stock tape. There was a big rise in Lehigh Valley which belongs in prospect to the New York Central group. There was blg buying of Reading which be- jongs to the Baltimore hnd‘ Onio zroup. Everybody is after the Central Railroad of New Jersey, but it is not «lear how t road will eventual »be disposed of. Wheeling and Lake Erle shares and the Western Maryland's had an unusual day, because these roads are regarded as almost sure to wind up in one or another of the; larger systems. o conmection with the advance in Jersey Central, Baltimore and Ohio and Reading tod: there was talk that the B. & O. \)\I}’l‘ng Read- ings holdings of Jersey Central in the open market Tobaceo Shares Strong. o reported that the cash e ng -received in any direct pur- F!’u fi:d(‘l uzi its holdings by the B. & O. would go to Reading stockholders in the form of extra dividends. The wtreet figured also that the B. & O would have valua ssats In its en- larged holdings of Jersey Central, | and this accounted for much of the| buying of the B. & 0. stock. Tobacco shares were dl\il; ctl trong. The new American Toba; %«lgdn:t best prices, while Tobas Products common got above 71 this figure it was wi n a point of its top of the year hulte l(etal\i got above 109 again Solvent Again Soars. Among the specialties Continental Can was a feature, reaching a new high above 67. The buying of Phila- deiphia and Reading Coal, carrying it across 49, had a sentimental con- nection merely with the strength of | the coal shares. A erican Water Works struck 40 for the first time. There was another sensational jump in Commercial Solvents B, and a further sharp upturn In Woolworth. | Short covering continued in Amer- ican Woolen, and Stewart Warner went up over points. MARKET CLOSES STRONG. It was S| Heavy Selling Readily Absorbed in Final Trading. By the Associated Press. NEW YORK, December 17.—Heavy selling from speculative sources was readily absorbed in today's stock mar- ket, which resumed its vigorous upward movement under the stimulus of ex-| tensive short covering and pool opera- tions. Heavy buying of the hard coal carrying railroad shares, most of which sold at their highest prices in years, was the day's feature. Sales approximated 1.850,000 shares The closing was strong. Dividend- paying stocks of all descriptions were in brisk demand in the final hour, All- America Cables soaring 7 points, Wool- worth 7% and Gulf, Mobile and North- ern preferred 8, all to new peak prices. Markets at a Glance YORK—Stocks strong; coalers Bonds firm; Greek loan oversubscribed; bonds at premium. For- cign exchanges steady; sterling frac- tionally higher. Cotton higher; active public buying. Sugar steady; Cuban support. Coffee firm; strength Brazilian markets. NEW at new highs. CHICAGO—Wheat easier; beneficials mow Fall-Winter belt. Corn weak; fa- vorable Argentine reports. ~Cattle firm. ‘Hogs higher; moderate shipping demand. GRAIN AND PROVISIONS. BALTIMORE, December 17 (Spe- elal).—Potatoes—New, 100 1bs., 1.00a 1.50; sacks, 1.75a2.25. Sweet potatdes, bbl, 2.00a5.00; Dbu, 85a2.25 Yams, bbl, 2.0024.00; bu., 1.00a1.50. String Deans, hampers, 4.0026.50. Beets, 100, 3.00a5.00. Broccoll and kale, bu., 40a56. Brussels sprouts, qt., 10a20. Cabbage. 100, 3.00a5.00. Savoy, bu., 40a60. rots, 100, 3.00a5.00. Caulifiower, crate, 2.0023.00. Celery, crate, 1.7524.00. Cucumbers, bu., a5.50. Eggplants, crate, 2.50a4.50. Lettuce, basket, 1.50 a2.00. Onions, 100 1Ibs, 2. .00. Oyster plants, 100, 6.00a7.00. Parsnips, basket, 40a50. Peppers, crate, 3.00a 5.50. Pumpkins, 10 15.00225.00. Spinach, bu., 50a90. Squash, crate, 5.00a4.00. Tomatoes, erate, 4.00a7.00. Turnips, basket, 30a40. Apples—Packed, bbl, 3.00a7.00; bu., 7582.00; loose basket, 40a75; box ap- ples, 2.00a3.00. Cranberries, box, 5.76 a7.50. Grapefruit, box, 1.50a2.75. Oranges, box, 2.25a3.75. Selling Prices at Wheat—No. 2 red Winter, spot, 2.75%; No. 3 red Winter, garlicky, domestic, 1.76%; No, 3. red. Winter, garlicky, 1.72%. Sales—None. Corn—Cob, new, vellow, spot, per barrel; track corn, yellow, N old, 1.45. Sales—None. Oats—No. 2, new, 65 No. 3, no quotation. Rye—Nearby, 1.15a1.25; spot, 1.49%. Hay—Receipts, 39 tons. There is no life to the demand for hay and only top grades of timothy and light ‘mixed are wanted. Low grades and inferior hay have no definite market wvalue. Quotations today—No. timothy, 50a220.50; No. 3 timothy, 16.00a18.00; vo. 1 light clover mixed, 18.50a19.00; No. 1 clover, mixed, 17.50a18.00; No. 2 clover, mixed, 15.00216.00. Straw—No. 1 wheat, 12.00a13.00 per ton; No. 1 oat, 13.00a14.00 per ton. Noon. 6.00 66 per bushel; No. 3 rye, s TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noou.. Bld. . 100 s ien 1% . 1002932 101 Ofter. March 15, 1925. s March 15, 1025 s June 15, '1925. Adv Rumley.... Ajax Kubber. Alaska Gold Alaska Tuneau. All Am Cable (6) Allied Chem (4). Allis Chalm (4). Allis Chim pt (T) Am Agricul Chm Am Ag Chm pt.. Am Beet Sug (4) Am Bosch....... Am Brk Shoe (5) Am B Shoe pt Am Can (16) AmCar & ¥ AmC&F pt (7). Am Chain A (2). Am Chicle. . Am Chicle ctfs. . Am & F P 26%(1; AmF Pt pt (7). Am Hide & Lea. Am Hide & L pf. AmIce (7)...... Am Ice pf (6). Am Internatl. Am LaFrance (1) Am LaFrn pf (1) Am Linseed. .... 2m Linseed pf.. Am Locomo (6). Am Loco pf (7). Am Metal (3)... Am Ry Exp (8). Am Safety Raz.. Am Ship & Com Am Sm & Ref (5; AmS& R pt (D). Am Snuff (12)... Am Stl Fdys (3). Am Sugar. Am Sugar pf (1) Am Sumatra. ... Am Sumatra pf. Am T & Tel (9). Am Tobacco. ... Am Tobacco (B) Am Water Wks. Am W W pf (6). Am Woolen ... Am Wool ptd (1) Am Writ Pap pf. AmZinc........ Am Zinc p! Anaconda. ... Armour Del (7). Arn Cons & Co Asso Dry G (5).. Asso Ofl (1%).. AtT&S Fe (6). AT&SFpt (5. At! Birm & At. | Atl Coast L (15). AtGulf & WI... At Gulf & WIpt Atlantic Refining Atlas Tac! . Auto Sales..... Auto Sales pt. Baldwin L (7 Bul & Ohto {5) Bal & Oh pt (4). Bangor & Aroos. Barnet Leather. BarnsdallA..... Barnsdall B. Bayuk Cigar.... Beechnut (13) Bethlehem Steel Booth Fisheries. Booth Fish Ist.. Bkl Edlson (8).. Brk-Man Tran Bklyn Man pt (§) Brklyn Un G (4) Brown Shoe (4). rown Sh pf (7). answick T Buff R & P pt (3) Buff & Sus (3%). Burns Bro (10) Burns Br B (2).. Burns Br pt (7). Bur Add Ma (3 Butte Cop (60c). Butte&Superior. Caddo Central.. Cal Packing (6). Cal Pete (1%). Callahan Zinc. .. Calumet & H 50c Can Pacific (10). Case Threshing. Case Thresh pf.. Cent Leather. Cent Leather p: CRRNJ (112).. Century Rib (2). Cero d Pasco () Certain-Tz2ed Chand Mot (3). Ches & Dhio (4). Ches & O pt (6%) Chicago & Alton Chic & Alton pf. Chic & East 111 Chi & E Ili pf. Clifc Gr West Chic Gr West pf. Chi Mil &St P... Chi M) &SP pt. Chi& Nwn (). Chi & Nw pt (1. ChiRI& Pac.. CRI&Ppt (6). CRI&PDI(D. ChStPM&O pt(5) Chi Yellow C (4 Chile Cop (2%)- Cluett Peab (6).. Cluet Pea pf (7). Coca-Colo (7) Colo Fuel & Ire Colo Southern. . Col G & E (2.60). Col Gas & El pt. Col Carbun (4) Com Solv A (4) ComSolvEB..... Com Solv rgts. Congol-Nairn(3) Conley Tin Foll. Con Distributrs. Consol Gas (5)... Consol Textile.. Cont Can (4).... Cont Insur (6).. Jont Mot (800).. Corn Prod (2). ... Corn Prod pf (7) Cosden Co...... Crucible Stl (4). Crucible pf (7). Cub Am Sug (3). Cuban Cane Sug. Cub Cane Su pf.. Cuba Dominican Cuban Dom pf. Cuyamei Fr (4). Daniel Boone. .. Davison Chem.. Del & Hud (9).. Del L& W (6).. Detroft Ed (8). Doug Pectin (1). Dul § S & Atlan. Du Pont (8).. Duquesne pf (T). Eastman (18) Eaton Axle. Elec Stor Bat(5) Elk Horn. End-John ( Eri . Erie x;t 9'1- Erie 2d p! Exchange 3t (2). Fairbanks Co. Fatrbks (2.60). Famous P1 (8).. Famous pf (8) Federal Mines. . Fed Mines pf (1) Fid Phoentx (6). Fisher Bdy (10) Fisk Rubber. . Fish Rubber pf.. Fleischman (14). Foundation (6). Frank-Si pf (7). Freeport-Texas. ardner Motar.. gcn Am Tok (3) Gen Asphalt. Gen Cigar (8). Gen Electric (8). Gen El spl (60c). Gen Motors (5) Gen Mot pf (1) Gen Petrol (2).. Gimbel Bros. ... Gimbel Br pf (7) Ginter Co (1%). Glidden Co. s September 15, s December 15, 99 15-16 100 1-82 101 1382 1013 101 101 1932 101716 101 5-32 102118 102532 102 116" 162582 Gold Dust. Goodrich.... Goodrich pf (7). Goodyear pf.... Ad Rumly pt (3). Open. 15% 51k 13% 3 1% 120 84 72 104 14% . 101% 23 98% 65 84 21% 1% 101 22 45 16% 150% 31% 63 20% 55 290 31 51 41% 35% 95% 107 9 17% 36 56% 91 28% 16% 28% 74 114 467% 84 94 91 50 841 59% 102% 80% 44% High. 16 51% 13% " 4101% P 4 17 151% 81t 69 Low. 15% 51% 13% 12c 1% 120 84 71 104 13% 38% 43 Close. 15% 61% 13% 12c 1% 120 84% 1% 104 13% 38% | 48 34 89 107% 161% 181% 123 24 39 38% 121% 122 13%; 70 8% 7% 33 11% 98 26 45% 91 1204 50 80 85% 12% 88% 106% 149 437 63 92 18% I i 188% 874 864 39% 101 68% 9649 3 10% 34% Granby Consol. . Gray & Davis. Grt North pf (5). Grt Nor Ore (4)... Grt Watn Su (8) Gt West Spt (7) Gulf Mo & Nor. . Gu Mo & N pf (5) Gulf St Steel (5) Hartman Co (4). Hayes Wheel (3) Hayes W pf(7%) Homestake (17). Househ P (1314). Houston Ol Hudson Man. Hudson Mot (2). Hupp Motor (1). Hydraullc Steel. Hydraulic St pf. Tlinois Cent (7). Independ Ol (1) Indian Motoreye Indian Refining. Inland Stl (2%). Inspiration Cop. Int Bus Mac (8). Int Cement (4).. Int Com Eng (2) Internat Har (5) Inter Har pf (7). Int Mer Marine Int Mer Mar pr. . Iuternat Nickel. Internat Paper Int Ry Cent Am Int Ry CA pf(5). Luter Salt (6) . Inter Shoe (5). Int Shoe pt (8) Int Tel & Tel (6) Invincible Oil. Iron Prod (4%) Jones Bros Tea. Jordon Mot (3).. Kansas & Guif.. Kan City South. Kayser (Jullus) Kelly-Sprgfleld. Kelly Spring pf. Kelsey WhI (6). Kennecott (3).. Keystone T & R. Kresge Dep Str. Laclede Gas (8) . Lee Rub & Tire. Lehigh Val (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lig & My pt (7). Lima Loco (4). Loews Inc (2) Loft. : Loose-Wiles Bis. Lorrillard (3)... Louls & Nash (§) Ludlum (2) McCrory (1.60).. Mclntyre (75¢). ., Mack Trucks (6) Macy HR & Co. . Magma Copper. . Mallinson & Co. Man EISup (4).. Man Elev gtd. . Man EI md g (5). Manhat Shirt (3) Manila Elec (n). Maracaibo Oil. Market St 2d pf. Marland Oil..... Marlin Rockwell Martin-Parry 4. Mathieson Aika. Maxwell Mot A.. Maxwell Mot B.. May Dept St (5). Metro G pt (1.89) Mex Seabd (2).. Miami Cop (2). Middle States Midvale Steel. .. Minn & St Louls. Mfs Kan & Tex. MK & T pf (5) Missour! Pacific. Missourl Pac pf. Montgom Ward. Moon Mot (3)... Mother Lode 75¢c. Mullins Bedy. .. Nat Biscuit (14). Nat Biscu pf (7). Nat Cloak & Sut. Nat Cl & S pt () Nat Dalry (3)... Nat Debf Stores. Nat Dp St 1st (7) Nat Distillers pf. Nat Lead (8) . Nat Lead pf (7) Nat Ry Mex 2d.. Nat Supply (3). Nevada Copper. NOT&M 123%.. NYAlrBr (4).. NYAIirBraA (9 N Y Canners (2). N 7 Central (7). N Y C & StL (6). NYC&StL pf (6) N Y Dock. .. N Y Dock pf (5). N Y & Harl (5).. NY NH & Hart.. N Y Ont & West. Norfolk South. . Norf & W (18) North Am (3.40 North Am pt (3). North Pac (5)... Ontario Mining. Orpheum (1%).. Otis Elev (163%). Otls Steel. e Otis Steel pf. Owens Bot (3) Pacific Gas (8).. Pacific Ol (2)... Packard (11.60). Pan-Amer (4) Pan-Amer B ( Panhandle. . Fark & Tilford.. Pennsy RR (3).. Penn Seab Steel. Peoples Gas (8).. Peoria & East. Pere Marq (4)... Pere M prior (5). PhilaCo (#)..... Thila& RC&I. Phillip Morris... PhillipgPet (2). Plerce-Arrow. .. Flerce-A prior 8. Plerce-Arrow pf Pierce Oil. Plerce Oil pf Fierce Petrol. Pitts Coal (4). Pitts Term Coal. Pitt Tr Coal pf.. Pitts St1 pf (7)., Pitts Ut pf (1.20) Pitts & West Va. Postum Cer (). Press Steel Car.. - Press Steel C pf. Prod & Refiners. Pro & R pf (3%). Pub Ser N J (5). Public Serv rts.. Pullman Co (8). Punta Al Su (3). Pure Oil (1%)... Radio Corp of A. Ry Stl Spg (8) Ray Cons Cop. Reading {4). RenZing It Reading Ist (2). Read 2d pf (2) Remington Type Replogle Steel.. Rep Ir & Steel Rep L& SpL (D). Reynolds Sp (1). Rey TobB (3)... Rossla Ins (6).. Roy Duth 4.42%. Rutland pf St Joseph Ld (2) StL & San F (6). St LiSan F Dt (6) St L Southw: St LSwa pf ( Savage Arms... Schulte (8)..... Seaboard Alr L., Seabd Air L pt. . Sears-Roebk (6) Seneca Copper. . Shattuck-Ariz. . Shell Unfon (1) Shell Un pf (6).. Simmons (2).., Simms Pet (50¢). Sinclair Ofl. Open. 17% 45 3% 344 83 112 27 87 81% 37 38% 1014% 41 6 6 25% Sdu 17% 1% 6 115% 10t 17% 5% 47 30 112% 53% 37 1078 115% 13% 44 24 17% 4% % 85 83 112 28% 94 81% 37% 3815 101% 41% 36 76 25" 4% 17 1% 6 116% 52 83% 3814 112% 100% 15 70 97 57% 82 27% 44 142% 40 28% 47 181% 16 6% 22% 39 39% b0% 21% 55% 92 17% % 93% 484 61 42% 62% 80% 53 72 86% 108% 228 40% 142% 1% 4 21 98 83% 8315 1% 1T% 16 16% 17% 4% 3% 34% 92% 112 27 87 803 ST% 3T% 101% 41% 35% 75% 254% 331 16% 1 6 116% 1014 16% 1% 93% 47% 81 424% 62% 80t 53 72 86 108 22 40 141% 1% 7 21 98 83 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office High. Low. Close. 1% 4% 74% 84% 92% 112 28% 90 S1% 87% 38 101% 41% 85% 76% 26% 34 16% 1 6 116% 10% 1T% 5 47% 30 115 53% 361 106% 116% 14 44 24 614 17% 49% 100 54% 2 46 110 13% 83% 644 63% 118 68% 24 6% 78 347 1074 344 125% 424% 46% 2% 6 26% 824 9% 60 43% 104 51% 14% 594 584 4 33 49% 1% 116 19% 69 84 63% 48% 15% 5% 1434 90 €9 €845 24% 143% 40 28% 46% 181% 156% 8% 22% 40 4119 49% 21 656% 92 16% % 93% 47% 63% 42% 63% 80% b 72 86% 109% 22 40 143% 1% 7 21 98 83 1% 16% $11,000,000 GREEK LOAN QUICKLY SOLD Heavy Oversubscription and Rise in Price Feature of Trading in Bonds. i BY GEORGE T. HUGHES. Epecial Dispateh to The Star. NEW YORK, ' December 17. — Strength predominated in today's bond market. The feature was the new Greek 7s, offered today at 88. That the oversubscription was heavy was indicated by the fact that the bonds went to « premium as soon as trading In them was begun. The opening price was 89%, up a point and a half, and the next sale was 89%, from which point there was a reaction on profit taking. Forelgn Group Strong. The success of the Greek loan again stimulated buying in the Hun- gartan 7%s, which sell about the same price and pay one-half of 1 per cent more. These, too, gained & point from the previous close. The Jugoslav s at 88 were a point above the previous close. Speculative ralls were irregular. St. Paul 4s of 1925 improved' fraction- ally, but the other St. Paul bonds were heavy, particularly the long- term Gs. Erle general is were strong. International Great Northern . adjust- ments were steady. There was the usual activity in Missouri, Kansas & Texas adjustments, but little change in prices. Missourt Pacific 6s dropped below 99 Chesapeake and Ohlo convertible 5s went above 106 again, keeping pace with the stock. Libertys Shade Lower. Maxwell Motors 7s covered a wide range, running up to 111%, and then dropping 2 points. Large blocks of United States Rubber 5s were taken at a fractional advance. This issue so far has falled to reflect the im- proved outlook for the corporation | Today's price was more than 2 points below the high of the year. Liberty bonds were a shade lower, but the Treasury 4%s were firm and the new Treasury 4s continued to sell at a premium. Some dealers reported better de- mand for high-grade investment rails | and industrials, but it falled to show in quotations. ZINC AND m_IIP | JOPLIN, Mo., December 17 (Spe- clal).—Zinc and lead ore prices ad- {vanced In the Tri-State district last week. Zinc ore &old at $60 a ton, an i‘ud\'anrn of $3, and was in strong {demand. Lead ore jumped $5 a ton to $125. Production continues around 15,000 tons a week, MORE GRAPES PLANNED. ST. LOUIS, December 17 (Special) —The Missouri Vineyard Corporation is preparing plans for planting 1,000 acres of grapes in Howell County and for a grape juice factory at Brandville. The first carload of canned pears from the Ozarks has just been shipped from Rex Springs, Mo. i)AIRY PRODUCE. BALTIMORE, December 17 (Spe- fal).—Live poultry—Young chickens, per pound, 14a25; Leghorns, 14a20; old |hens, 14a22; old roosters, 14a1s; young turkeys, 33a35; old, 30a3l: poor and crooked breasts, 24a25; ducks, 14a22; geese, 18a22; pigeons, per pair, 30; guinea fowl, each, 40a80. Dressed poultry—Turkeys, pound, poor and crooked breasts, 24a chickens, 20a25; old roosters, 15a ducks, 20a25; geese, 20a2 Eggs—Recelpts, 1,650 cases and nearby firsts, dozen, bid, 56; quotations, 56. Butter—Creamery, good to fancy, pound, 40a46; prints, 45a47: nearby creamery, 37a42; ladles, 30a32; store- packed, 24a25; process butter, 33a34; dairy prints, 25a27; rolls, 25a27. native red 58; Skelly Ofl. 21% 21% Sloss-Sheff 9% 80% South Port S (6). 67% 674 South Pac (6)... 1031 104% Southern Ry (5). 774 78% South Ry pf (8). 82h 82% Splcer Mfg . 19% 19% Spicerpf (8).... 97% 9T% Std Gas & E1 (3) 40% 40% Stand Mill (5)... 72 72% Stoil Calif (2).. 6l 6l StOINJT (1)... 8Th 387% StON NJ pf (7). 116% 117% Std Plate Glass.. 14 14w Stew Warner (5) 69% 724 Stromberg (6).... 68% 694 Studebaker (4).. 43% dil4 Submarine Boat. 11% 11% Telautograph... 13 14% Tennessee Coppr 8% 8% Texas Co (3).... 42% 43% Tex G Sul(17%).. 964 96% Texas & Pacific. 45% d46% Tex & PacC &0 10% 10% Timken (18%).. 884 389% *Tohlc Prod (6).. 70% 72 | Tobac Prod A (7] 92% 92% Transcont Oil... ¢ 1 Twin City (4)... &7 Union Oil (1.80). 86 Un Pacific (10).. Un Pacpt (4)... Utd Alloy Steel.. Utd Cigar (13%). United Drug (6). Utd Drug 1st 3% Utd Fruit (10) Utd Ry Invest. Utd Ry Inves pf. U S Cast Iron P U S Distributing U S Distr ptf (7).. U S Hoft (50¢) S Ind Alcohol. U S Realty (8) U S Rubber.. U S Rub 1st (8).. U S Smelting.... USSmpf (3%). S Steel (17) . 19 40 72 60% 37, 1167% 13% 89 681y 43% 11% 13 8% 42% 95% 45% 10% 384 0% 924 8% 57 35% 149% 74 27% 60 118% 52 205 28% 59 150 38% 155 23% 83% 128 . 40% 93% 36% 45% 117% 121% 39% 78% 83% 44% 285 22 2% % 67 8 22% 59% 42 18 17% 115 108% 954 114% 133% 22% 14 % 106 685 14% 28% 26% 71 1 03 20% 10% 10% 8% 13% 118 128% 69 70% 5% 76% © 40% 41% 70 70 ferred stock. 67 4% 27% 60 118% 52 207 29% 59% 151 40% 1665m 24 84% 129 40% 94 36% 45% 117% 121% 42% 8% 83% 44% 28y 22 2% % 67 8 22% 59% 424 18% 17%, 115 103% 96% 115 14% 24% 34% 116% 107 68% 16% 31% 26% % 1 8% 20% 61 52 206 59 156 23% 41% 118 40 83% Universal Pipe. Univer P pf (7). Utah Copper (4). Utah Securities. vanadium...... van Raalte. Va-Caro Chem. . Va-Caro Ch pf. Va Ry & Power. Vivadou Wabash. .. Wabash pf A wabash pt B Wwaldorf (1%)... 18 Webber & H (1) 17% West Pen (4).....115. W Pa Pow pf (7) 103% West Pen pf (7). " 9344 West Elc pf (7). 114% West Maryland. 13% West Md 2d pf... 22% Western Pacific. 34% West Unfon (7). 1164 West Alr Br (6). 106 Westinghse (4). 69 Wheel & L Erie. 14% Wheel & LE pf.. 284 White Eagle (2) 26% White Mot (4) ... 713 Wickwire Spence 1% wilson & Co. % Wilson & Co pf.. 20% Willys-Overland 10% Wills-Over pf... Td% Woolworth (3).. 118 Worthington. ... 70 Worthingtn B6. 75% Yellow Cab..... 41% Youngstn S&T. 70 1Partly extra. $Payabl above table. 28% 22 2% 9 67 8% 23% 60% 42 Dividend rate pa; sed on the are the anoual ca latest quarterly or half-yearly declarations, Unless otherwise noted, extra of special dividends are mot iucluded. | [Convewvom BONDS stoexexemasee | | NEW HIGH LEVELS Received by Private Wire UNITED STATES SONDS. (Sales are in $1.000.) Bales. High. 34 100-31 100-29 100-31 5 10120 101-20 101-20 - 220 100-27 100-24 100-27 -- 160 101-11 101-8 101-8 - 342'101-30 101-28 101-30 181 100-19 100-17 100-17 US4%s1952. FORE! Sales. High. Low. Close. Argentine 5s Argentine 6s 37 Argentine 7s Austria S 6s. Belgium 634m w1, Belgium 7% Belgium 8s Berne 8 Bollvia 8s. Bordeaux Brazil 7s Brazil 748 Brazil 8 Canada bs 1931. Canad 5 nada 5%s 192! Chile 78 1943. . . Chile 88 1926 Chile 85 1941 Chile 85 1946 Chinese Gov Ry §s Con Pow Japan Ts. Copenhagen 5% Cuba 5348 Czecho $81951. ... Czecho 8s 1952 ct. . Danish Munic 8s A Denmark 6s. . Denmark 8s...... DEI5%sMch '53 DETI5%sNov'63. Dutch Bast I 6s'47 Dutch East I 6s'62 Finland s £ 65 1945 Framerican 7%s. . French Ts wi. . French Govt T%s. French Govt 8 Germany 7s w Greek Ts w i. Haltige. .0 0. 0. Holland-Amer 6s. Hungary 6% Italy 635 1926 Japanese 4s. Japanese 6%s z Jergens UM 63'47 Lyons 6s. . ... . Marselle €s...... Mexico 45 '10 asntd Netherlands 6 Netherlands 65 Norway 65 194 Norway 6s 1944. Norway 65 1952... Norway8s........ Orfent Dev deb 6s. Paris-Ly's-Med 6s Paris-Ly's-Med 78 Paris Orleans 7s.. Porto Algere §s Prague.7%s. . Queensland 6s. ... Queensland 7s. ... Rio de Jan 85 1946. Rio Gr Do Sul 8s.. Sao Paulo City 8s. Rao Paulo State 83 Seine Dept of 7 Serbs Cr'tes Slo Swias 5%3 1946 Swiss Confed §s i 28 3 58 26 " 148 94 1 10 69 3 52 10 11 3 28 91 9 u . 23 Ud Kingm 6325829 & Ud Kingm 5%s '37 Ud Steam Copen 63 Uruguay 8s N, 83% 95% 101% 9T% 99 94% 109% 100 Low. 83% 95 101% 97 987 934 108% 100 111% 92% 8615 824 102% 96% 101 102% 102% 99% s 103% 106 106 43% 91% 94% 97 100% 4 100 874% 93% 944 100% 104% 95% 88% 110 99% 110% 91% 91k 97% 97% 874% 934 94 100 104 95 88% 91% 784 RI% 100 82% 91k BRY 86% 8614 18% 99% 102% 9844 97% 98Y% MISCELLANEOUS. Ajax Rubber8s... Am Agr Chem %3 AmChain s f 6s'33 Am SmIt&R 1st 5s AmSugrefés..... AmT& Tclt Am T&T cl trbs. .. AmT & T deb 53%s AmT&Tcvés Am Water Wks s Anaconda 1st 6 Anaconda cv db Armour & Co 4% Armour of Del 5% Atlantic Refin 6s.. Barnsdall s f8s:.. Bell Tel Pa bs. Beth Steel pm Beth Steel rf bs. . . Beth Steel 5%5'53 Beth Steels £ 6s. .. | Brier H St 1st 5%s Bklyn Ed gen 5s Bush T Bldg 5560 Calif Pete 6%s...... Central Leather 53 Chile Copper 6s... Col Gas & El 6s sta Commonwth P 6s. Con Coal Md 1st b3 Consumers Pow 53 Cuba Cane cv 7t "3( Cuba Cane cv d 8s. Cuban-Am Sug 8s. Denver Gas 5s. Dery (DG) T % Det Edison 55 '40.. Det Edison ref 63. Donner Steel 7s. .. Du Pont de N 7%s. Duquesno Light 6s Est Cuba Sug 7's.. Empire G&F T%s. Fisk Rubber8s... Gen Elec deb bs... Goodricn 8%s. ... Goodyear 8s 1931.. Goodyear 8s 1841... Hershey 6s 1942.... Humble N&R 5%s. 1ilinofs Bell 1st bs. Illinois Steel 4%s. nt Mer Marine 6s. Inter Paper bs'47. ZCP & Lt 58 A '52. llEE:G & E1 6552, K=ylers(-‘} ‘{:! . elly-Sprin: fi“’eu & Myrs Ts. Lorillard (P) & Lorillard (P) 78 gma Cop eV 78 Manati Sug sf 73 Marland Ol 1 %8. - wm CnwiseflunonBoe P e LT Marland Oil 8s°'31. 10 Maxwell Motor 78.113 tavale Steel 68 ct fionuns Pow bs Mor's&Co 1st :%l Eng S";’nm 1st 6%8S. NYG EL H&P 45.. NYG EL H&P 68 NY Tel 4% N Y Tel 68’41 N Y Tel68’49... North Am Ed 68 North Am Ed 6% tates :::fi..g & Fel 18 otis sno: ::fi is Steel 88. . Secific Gas & El 58 T 1st 63, Pacific T&T S-G ‘52 ~American 6s. B aiia Cob%a 35« Phila Coet 68 A Phil & Rdg C&168 Plerce-Arrow 8s.. Pierce Olgeb 8s. . Producers & R Pub Serv Elec 65... Punta Alegre 78 n Crude Oil 6 E:n Pipe Line & South Bell Tel 5s. . 8o Por Rico Sug 7s Southwest Bell 5s. Steel & Tube 7s. nn Elec Pow 6 ¥? e Wat O11 6% Toledo Edn 18t 7 U S Rub 18t If §s. U 8 Rubber 7%s U SSteel's 1 5s. Vertlentes Sug 7 Warner Sug 78’33, ‘Warner Sug 78°41. 10 13 1 10 i1 30 101% 126 92 99% 101% 85%, 913 984 1024 101 90 93% 85% 94 101% 126 924 9915 100% 854 91% 98 102% 100 90 933 85% 93tz Close. 111 1056 1056-1 105-5 83% 95% 101% 97 99 99% 108% 100 111% 92Y% 8674 824 102% 96:5 101% 102% 102% 99% 103% 106 106 43% 9% 4% 9% 100% 100 110% 1004% 110% 92 91% 98 97% 874 93% 94 100 104% 95% 88% 91% 8% 103% 96% 108% Direct to The Star Offi ce, les. High. Low. West Elec b: 1 West'n Union 6%s 4 Westinghouse 7s.. 3 Willys-Ov 6%8°33 7 Wilson & Co 1st 6s 22 Wilson & Co cv 6s. 20 Wilson&C cv 734s. 17 Winchester A 714s 1 Youngstn$&Tes 9 98% 98Y% 110% 110% 108 107% 100 99% 93% 93 57% &7 57 57 101% 101% 95% 95% RAILROAD. Ann Arbor 4s Atchison adj Atchison gen 4 Atlantic C L cl 4s. . Atlantic C L 1st 43 Buff R. & Pitt 4%s Canad North 634s. Canada North 7s. . Canada Pac deb 4s Car Clinch & O 5, Car Clinch & O Centof Ga byys Central Pacific 4x. Ches & O cv 4148, Ches&Ogn4%s.. 1| Ches & Ohlo cv bs 226 Chi & Alton 3s. Chi & Alton 334 Chi & Alt 335 ctrg Chi B&Q gn 4s'68. 9 ChiB&Q Istrt6s. 13 Chi& EIgnbs.... 4 Chi Great West 4s. 12 CM & Puget Sd 4s. 29 Chi M & St P 48°25 126 CM &St Pab 4 3 CM&StPgnds'ss 5 Chi M&St P cv 4343 44 CM&StPgnikes 4 Chi M&St P rf 414s 44 ChiM&StPcvbs. 9 ChiM & St P 6s 20 C&N W gen 4s Chi & N W ref 6s. Chi & N W 63%s Chi Rys ChiRT&Pgn 4a.. ChiRI&Prr4 ChiTH&SE 5 Chi Un Sta 414s. Chi Unlon Sta 6s. ChiUn Sta 6%s Cil & W Ind cn 4 CCC & St L 6s CCC&StLrfésA Cleve Term 5s w i. Cleve Term 6% 14 5 39 8 10 4 antos0nG Der & Hd 1strf4s. 14 Del & Hudson 6358 1 Den & Rio Gen4s, 3 D& RInGimpés.. 3 D&NRGilstrfbs.. 33 DesM & Ft D 4 6 Det United 438 1 20 Erle 1st cons 4s Briegends....... 30 Erie conv 4s A. 1 Erie conv 48 B. 15 Erie conv 4s D. 17 Erie & Jersey 6: 9 1 Gr Trunk sf db 6s. Grand Trunk Great North & Gr. North gen b%s Green B & W db B. Gr North gen 7 Hud & Man ref 6 Hud & Man a ba. 111 Central ref 4s 111 Cent ref 53 '55 Il Central 5%s Int Rap Tran 6s 9 Int Rap Tr 6s stpd 10 Int Rap Tran 6: 19 Int Rap Tran Int & G Nor 1st Int & G Noraj és Iowa Cent rf 4s Towa Cent 1st 5 Kan City Ft S 4s.. Kansas City S 3: 4 3 Lehigh Val cn 4 Louis & N uni 4s.. Manhat Ry cn 4 Man Ry 2d 48 2013 Market St Ry 7 Mil El Ry & L 51 M & St L 1st ref M StP & SSM cn 48 & SSM cn 53 Nassau E Ry 48 57 O Tex & M in 5s. O Tex &M 5s B. NO Tex & Mbls.. N Y Cen gen 3%s. N Y Cent cn 45'98. N Y Cent ri5s. N Y Cent deb NYCenLacli%s. 3 NY Chi & StL5%e 29 NYC&StLésA. New Havn d 48 '67. NewHaven c d 6s New Haven 7s. New Haven 78 fr. New York Ry rtf ds 10 18 8 3 . 1 1 NY W & Bos 448 Norfolk & W cn 43 19 Norfolk & W cv 68 22 Northern Pac 8 Northern Pac Northern Pac Northern Pac T Ore & Calif 18t Ore Sht Len bs '46. Ore-Wash 1st rf 48 Pennsyl gen & L&SFoprln 5 SL&ESFE%aD.. StL& S Fadl StL&SFincs StL&SFplésC StP& KCShL 4%8 1 St P Un Dep 5%s. canA & Amn P ds Seab'd A Liref ¢s. Scab'd ALadi B Seab'd AL con 63 Sou Pacific 48°29. Sou Pactfic ctl 4 Sou Pacific ref ¢s Southern Ry gn 48 15 Southern Ry 1st 68 21 Southern Ry 6sct. & Southern Ry 638, 14 42 1 5 Paclstrt Do bac 1strth nion Pacific cv 6s virginia Ry st bs va Ry & P 1st 5 1 1 647 64% 82% 82% 88% 88% 86% 86%) 89% 89% 86% 86 89% 88W 86 85'% 100% 100 103 103 84% B4% 101% 101 99% 99% 69% 69% 84 83% 87 86% 116% 116% 115% 1156% 79 8% 101% 101% 106% 106% 99% 99% 8Th 8T 95 94% 88% 88% 106% 105% 62% 62% 4% 47 45 45 87% 87% 101% 101% 76% 76 60% 60 87 B6% 7% 5% 56% bd% 724 724 604 59% 824 824 64% 53 68% 58 100 99% 84 84 99% 99% 111% 111% 84 83% 831 831 847 84% 79% T8% 921 92 101 100% 116% 116% T6% 5% 9515 95% 103 103 100 * 99% 105% 105% 0% 90Y% 831 83 10215 102% 89% 89% 101% 101% 824 95% 57% 37% 91% a1 63 64ia 64 3% 102% 102% 106% 106% 115% 115% 93 92% 100% 100% 4% 14% 109% 108% 87% 87 68% 684 88 88 104 104 103% 103 69'¢ 69% 68 68 73% T2% 931 934 100% 100% 69% 69% 20 20 574% 57% 81% 814 0% 70% 89Y% 89 83% 83% 95 94% 80% 80% 92% 92% 644 64 55% 55 99% 99 85% 851 214 21% 861 6% 98% 98y 85 85 81% 80% 72 7% % 77 101% 101% 86% 86 63% 63% 100% 100% 84 83y 99% 99 62U 62 925% 9214 914 81 98% 98y 6% T64% 83 gong 991 99y 1124 111% 744 T4y 944 94 103 1025 [Tl 85% 85 9619 96y 95% 951 45% 45% 45% 45% 44 4 67 61 614 61 881 8714 127 125% 60% 6034 84% 8¢ 95% 958 106% 106% 96% 96% 100% 100% 104% 104% 82 82 102 101% 110% 110% 109 35% 35% 98 98 99% 99y 941 941 9% 9415 84 8¢ 87% 86% 92% 925 84 % T 86 85% 94 o3y 86 85% 79 78% 102 102 81 100 814 60% "M% 84% 961 86 s 4% T4 100% 100% 102 101% 107% 107% 82% 825 100 100 57% 57 51% 51 80% 80% ol% i 99 99 104% 104% 843 _84% 81 60 77 8414 965 85 955 95'% 93% 93% 1087%. 88 ° Close. 984 110% 108 100 93% 67% 57 101% 5% 64% 82% 88% 86% 89% 86% 89% 86 100% 103 84% 101 99% 69% 84 86% 116% 115% 79 101% 106% 99% B4 94% 28% 105% 831 . | cotton gpods, |January traded up to 2410, March to {points above yvesterday's close. Senti- | ment was bu! | Special Dispatch to The Star. 7 103% T03% 3 2 100% 100% 100% 22 9 1 3 Whel ELErf4%s 4 63% 63% 91 90% 82% . 82% 72 % 67% 67% —— One hundred billlon clgarettes will be smoked each year within & short time, says & tobacco expert. 68% 91 82% 2 67% INWHEAT MARKET Buying by Millers and Ex- ports Bring New Peaks for Season. By the Associated Press. CHICAGO, December 17.—With mil- lers and exporters sald to be active buyers, wheat took a decided upward swing In price today, and all deliv- eries roached a new high price record for the season. Rye also went above the season's, previous top. Reports that Russia' was purchasing large quantities of rye through Finland, tended to emphasize talk of world shortage of bread stuffs. The fact that the United States Government report showed the 1924 domestic wheat crop to be 76,000,000 bushels larger than the yield in 1923, had only a transtent restraining effect. Wheat opening prices, which varled from unchanged figures to % cents higher, with Ma 0% to 171, and Jily, 149% to 1493, were followed by a slight setback and then by an ad- vance that in some cases amounted to more than 2 cents a bushel. Officlal announcement that cown production Is 617,000,000 bushels less than was raised last year gave some in- dependent strength to corn values. After opening unchanged to %-cent higher. May, 131 to 131%, the corn market eased a little and then scored moderate general gains, but profit taking led to a reaction Oats started at I4-cent off to %- cent up, May, 651, to 65%, and later showed a slight general advance which, however, failed to held. Provisions were in good demand and decidedly higher. DR HEAT— Open. December . May July RENEWED FIRMNESS IN COTTON MARKET| | Better Goods Demand and Weather | Map Help Price Ad- vances. By the Associated Press, NEW YORK, December 17.—The cotton market showed renewed firm- ness in today's early trading, owing to relatively firm Liverpool cables, absence of hedge selling and better reports from the local market for cot. ton goods. The opening was firm at a advance of 12 to 19 points. Active months 80ld 24 to 28 points net higher befare the end of the first half hour, January advancing to 23.81 and May to 24.60. There was commission house realizing and spot house selling on the advance, but offerings were read ily absorbed by Wall stree:, Liverpool | and local buyine. New Orleans Quotations. NEW ORLEANS, La., December 17.— The cotton market had a good open- ing, mainly on firmer Liverpool cables than due. First trades showed gains of 9 to 11 points, with brisk trading. The market continued to advance, stimulated by improved demanc for New York reporting sales of print cloth of about 180,000 pleces at an eighth of a cent advance. 24.20 and May to 2445, or 23 to 2§ ish and promise of un- settled and colder weather in the belt had a sustaining influence, The Bra- zilian cotton crop was estimated at 660,000 bales, against 719 last year. GRAIN EXPORTS INCREASE FROM BALTIMORE DOCKS BALTIMORE, December 17—An appreciable drop in imports, with a corresponding {ncrease in exports, is shown in the report of Collector of Customs Holtzman, covering the week just passed. The import list was made up of a large number of the usual incoming commodities, among which particu- larly noticeable were shipments of mackerel, window glass, rugs and earthenware. Exports of flour and grain during the week were: Flour, 54,352 barrels: wheat. 187,723 bushels; barley, 140,000 bushels: malt, 25,130 bushels; oats 19,891 bushels. ; SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ~——Noon.— 1'?,’{‘.. Ofter. 102! 10874 % Aluminum Co. of Amer. 7s 1925. Aluminum Co. of Amer. 78 1933. American Sugar 168 Amer. Tel. & Tel. fs 1925 Anaconda Copper 6s_1920...... Anglo-American 01l Tigs 192 Assoctatad Ofl §s 1935 Bell Te. of Canada 5s Central of Geor Central Leathor & Chi., Mil_ & St. Paul Chi., R. 1. & Pac. 533 1926. .. Colimbia Gas & Ei. 1st 5s 10 Continental Gas & Elec. bs 19: Du Pont Tigs 1931. Federal Sugar Ref. 65 1933 Fisher Body Corp. 6s 1927. Fisher Body Corp. 6s 1928 Goodyear T. & R. 8s 1831 Great_Northern 7 5 Gulf 0l Corp. of P Humble 011 Sigs 1082 Lehigh Pow. Sec. Corp. 8s 1927, M. St. P. &8 8. M orris & Co. T%s 1830 ........ New York Central 6s 193500 . Oregon Short Line 4s 1929... .. Penna, R. R. 78 1030...... Pure Gi1 514 Tidewater Oil 8i4s 1 Union Tank Car Ts 1830, U. 8. Rubber 734s 1830 jestern Union 8igs 1986, . 0 11014 Westinghouse E. & M. s i98i. 10733 Wheeling Steel 6s 1028, called at 10 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co. Nominal Selling checks gold value. today. London, pound Montreal, dollar Paris, franc . Brussels, franc Berlin; mark . Rome," lira . Zurieh, frane Athens, drachma Madria, peseta . Vienna, crown Budapest, crown Pragye. crown Warsaw. zloty Corporation co. Hiown | was 1703, { approximated NG B N T LA Dec. 314 Dec: 31 TRACTION NET LESS; CASH FARES SLUMP Decrease of 277,915 Pas- sengers Lowers Carrier’s Income $14,000. BY CHAS. P. SHAEFFER. A slump of 277,915 revenue passen- Bers, representing 5.04 per cent, brought the net operating income of the Capital Traction down to $71,223 In November, 1924, a loss of more that $14,000 over the corresponding month of last year. Statement of earnings for the month was filed with the Public Utilities Commission this morning. Revenue passengers carried during the month totaled 5,252,636, as com- pared with 5,520,601 for the same month of last year. Total revenue from all sources ag- gregated $371,339, as against $339,%5 in November of last year. Railway s operating expenses, however, declined nominally, $244,450 and $245,923, re- spectively. Deductions amounted to $26,159 ¢! November, as compared with $25.487 a vear ago. For the eleven months of 1924 net expenditures for road and equipment amounted to $138,304, the company re- ported. Slated for Controller, The nomination of J. W. McInto deputy controller of the currency, succeed to the controllership met with general approv. » local financial circles. Mr. Mclntosh's financial experience is lengthy and varied. He began a banking career with the Farmers State Bank of Eustis, Nebr,, while his second connection was with the Citi- zens' Bank of Macomb. He later be came head of a department of Armo & Co., In Chicago, resigning this po sition in 1905 to act as receiver of the Western Stoneware Co. of Mon mouth, Ill. In 1907 he became vice president and treasurer of t com- pany, which he resigned to enter the Army in 1917. Following cessation of hostilities, he was appointed direct of finance of the Emergency Fleet Corporation, remaining in this post until May 23, 1923, when he was ap- pointed a deputy to the controller He was born December 23, 1873. It is agreed by finterested parties that his apprenticeship, familiarizing him with all the major problems con- fronting his office, will stand him good stead. Linotype at New High. Stock of the Mergenthaler Linotype Co. established a new high for the year on the Washington Stock E: change this morning when 20 share sold at 170%. The previous record reached last week. The year's movements have been madde in a range of 19% points, 151 being the lowest figure pald for the issue on the Washington board Edward J. McQuade, local director of the com- pany, returning from New York today after attending a directors’ meeting, gave out the information that earn ings for October and Nevember. t first two months of the fiscal v those for the corre sponding months of last vear The other typesetter issue, Lansto: was agaln unusually active, a tota of 120 shares advancing the leve half a point for the day, closing at 7615, Railway preferred w easfer, with an odd lot sale at National Mortgage and i preferred sold off to 9% after oper ing an eighth higher. Capital Trac tion was unchanged at $1% as wa Gas stock at 52%. On the uniisted department three shares of Departmental Bank stoch sold at 6. Locomotives Needing Repairs. Locomotives in need of repairs on De cember 1 totaled 11,574. 18 per cent of the number on line, and a decrease of €3 under November 15, the Americar Railway Association reports. Class 1 rallroads had iceable locomotives in storaj crease of 86. In the last h: vember 36,148 locomotives were repaired and turned out of shop, an increase o 728 compared with the first haif of No vember. Second Dividend Due. The Wafeldog Corporation will dis burse: its second semi-annual dividena at the rate of 7 per cent per annum or outstanding preferred stock of record December 20 on January 1. The divi dend will aggregate about $800. The corporation is a local concern. TWO RADIO CONCERNS ANNOUNCE MERGER Special Dispatch to The Star. NEW YORK., December 17.— The Inter-Ocean Radio Corporation has completed the purchase of the Ameri- can Radio Phone and Manufacturing Company and will carry on the busi- ness of both companies. The Inter- Ocean corporation, one of the biggest makers of loud speaker horns, almost triples its size by this step and Is en- abled to make the entire loud speak- er, Including electrical units, radio plugs and ear phones. 4.994 CHINA STOPS BUYING; BAR SILVER DECLINES By the Associated Press. NEW YORK, December 17.—The recent gradual decline in the price of bar silver from the year's high of 7234 cents an ounce to 67% cents today, is attributed to the cessation of demand for the metal from the continent for coinage purposes and from India which Is now buying gold in view of existing exchanges. The situation further has weakened by China, ordinarily buyer of silver, which is now silver because of abnormal selling conditions created by the business civil war. DURANT GETS FORTUNE IN U. S. CAST IRON PIPE Special Dispatch to The Sta NEW YORK, December 17.—W liam C. Durant’s name has been prom- * inently connected with the common stock of United States Cast Iron . Pipe and Foundry Co., which has had a spectacular rise recently and ad- vanced 13 points on Monday to the highest price at which it had ever sold. Mr. Durant is vacationing on the Pacific Coast. Before he left New York it was reported he had bought 60,000 shares of Cast Iron Pipe stock in' the open market and that his profits — partly on paper—approx- imated $3,000,000. According to re- liable reports today, Mr. Durant has less than 25,000 shares, but his profits even on this amount are enormous (Copyright, 1924, by Consolideted Press.) BIG STREET PROGRAM. ST. LOUIS, December 17 (Specia The program for street improve- ments in this city in 1925 will require expenditures of $2,948,285. The high- way commission will receive bids De- cember 19, for a million dollars’ worth of bridge construction $2.46 RISE IN PIG IRON. NEW YORK, December 17.—Pigs¥ iron’.has advanced to $21.67 from 33 $31.34, last week, according 8o the? Iron Age composite price. Thé gain | sincé’ the eléction has been $3.46 per = $Toss ton. S