Evening Star Newspaper, December 20, 1924, Page 14

’ __ WASHINGTON, D. C., SATURDAY, DECEMBER 1924. MOVES ARENINED | Cox o BONDS o et Received by Private Wire Direct to The Star Office. 20, FINANCIAL, SENSATIONAL RISE | ELECTRIC BONDS FINANCIAL. STOCKS GOHIGHER | TNEW YORK STOCK EXCHANGE ‘ . INBRIEF TRADING e Bear Selling and Taking of | Profits Also Noted in Today’s Market. By the Associated Press. NEW YORK. December 20.—Heavy nrofit taking and bear selling of a few special issues imparted some ir- regularity to price movements in to- day's stock market, but the main trend was still upward. Buying was influenced by rising commodity prices and the favorable tenor cf the weekly mercantile re- views. American forelgn powers ssues were actively bought, each ris- ing 6 points. Philadelphla and Reading Coal and Tron was heavily accumulated on re- vorts, later officlally denled, that the First National Dank had acquired he Baltimore and Ohio. Rallroad's rights” in_that® stock, rising 3% points. Amberican Locomotive, Pull- man, Atlantic Coast Line and Gulf, Mobile and Northern preferred sold 3 or more points higher. The closing was firm. roximated 750,000 shares. Sales ap- MANY NEW HIGH MARKS. BY STUART P. WEST. 8pecial Dispatch to The Sta NEW YORK, December 20.—The bull forces continued to hold the upper hand in today's short session the Stock Exchange. Prices were hid up all around and many new highs ere established. The usual week realizing went out, but the ndency was clearly upward. The ‘onspicuous movements were the larp advance in the railway equip- nts, the violent upbidding of Phil- sdelphla and Reading Coal and Iron, heavy buying of the Pan-Ameri- an B shares, the strength of one or *wo of the independent steels, nu- rous spurts to the years best cas in industrial specialties and jigher prices for a number of the rails. American Loco Leader. in the equipment group, American scomoti was the leader, while Bald nd Pullman at their highs for t day were well above the pre- ious tops. American Car and Foun- dry went alon, *an American B was b two more points to its highest for the year, but other oils were neglec 1. Vanadium and Gulf States Steel atured the steel group. Schulte, Park & Tilford and United Cigar| were the strong spots in the tobacco | and Kennecott did ctric sold up to a racord high and many special moves carried active stocks up considerably on the day NEW YORK.—Stocks firr ipments lead advance. regular; price changes toreign exchanges steady; trading Cotton steady: firm spot kets. Sugar higher; Cuban sup- Coffec irregular. Wheat—Easy; disappoint- demand. Corn—Lowe: sed receipts. Hogs venly higher. GINNING FIGURES SEND COTTON OFF Government Report Above Expecta- tions Based on Recent Pri- vate Returns. ails and Bonds narrow. ! export By the Associatcd Press NEW YORK, December 20.—The census report showing 1 16 bales of cotton ginned to December 13 was Jove expectations based on recent ivate returns, and appeared to revive | of a 13,500,000-bale crop. The market opened steady at an sdvance of six points on December, but generally 12 to 13 points lower, in response to the bearish view of the ginning figures and sold about 27 to 50 points net lower under liquidation and southern selling. New York cotton very steady. futures closed 433 024350 2425 December, 23.35; January, 23.45; 28.75; May, 24.28; July, 24.40. New Orleans Quotations. NEW ORLEANS, December 20.— The cotton market opened steady in mpathy with better Liverpool cables an due, but as the census ginnings report was issued right on the open- ing and was larger than expected, the total ginned to December 13 being 96,216 bales, prices immediately sed off as the opening call proceed- , and late months showed initial losses of 20 points. The market eased f further after the call on rather beral liquidation, January trading down to 23.60, March to 23.65 and May 2! or 27 to 31 points below Yyes- terday’s close. Cotton futures closed steady declines of 6 to 12 points 244850 at net December Decembe: bid; 23,50, M i July, — Opening: 23.9: A January, Aluminum Co. of Amer. Alumisum Co. of Amer. Sugar s 103 crican Tel. & Tel. 6 1925 Acaconda Copper 6s 1920, Lnglo-American Oil e ‘acitic digs 1926, Gas & EL 1st 58 192 tinental Gas & E Du_ Pont 7 3 Iisher Body Corp. Fisier Body Corp. bs 1928 Goodyear T. & K. 83 1031. t:reat Northern Ts 1438, Guif 0il Corp. of Pa Humble Oil Sis 193 Lebigh Pow. Sec. Corp. M., M. P. & 8. S. M. 6148 19310 Morris_& Co. 7igs 1930. New York Central ts 1935 vion Tank Car 7s 183 Rubber 748 1980, Western Union 6%s 1036, Westinghouse E. & M. 7s 1831. 1073 Wheeling Steel ts 1926, calied at 102 e R FOREIGN EXCHANGE. tQuotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, pound lontreal, dolla; Farls, franc Brussels, frasc . Berlin, mark Rome, lira . Zurich, franc . Atbens, drachma Madrid, peseta Christiania, crown Btockholm, crows | Burns Brpt (D). Chand Mot (3).. hes & Ohlo (4). Chen & O pf (6%) 107 Chicago & Alton Chic & Alton pf. Chi & E 11l pf. Chic Gr West pf. ChiMil & StP... ChiMi & SPpf. Chi& Nwn (4)... ChiR1& Pac. Chi Yellow C (4 Chile Cop (2%).- Chino Copper... Coca-Colo (7)... Colo Fuel & Iron Colo Southern Colo Sou 2d (4).. Col G & E (2.60). Col Gas & E1 pf.. Col Carbun (4).. c Com Solv B. Com Solv rgts. .. Congol-Nairn(3) Conley Tin Foil. Con Distributrs. Consol Gas (5) Consol Textile. Cont Can (4) Cont Insur (6) Cont Mot (80c).. Corn Prod (2)... Cosden Co. Cructble Stl (4). Cub Am Sug 3) . Cuban Am pf (7) Cuban Cane Sug. { Cub Cane Su pf.. Cuba Domlnican Cuban Dom pf.. Cuyame: Fr (4). Dantel Boone. Davison Chem Del & Hud (9) DelL& W (6) Detroit Ed (8) Du Pont (8). Eastman (18)... Eaton Axle... Elec Stor Bat( Elk Horn.. Emmerson Emmerson B pf. End-John (). Exchange ™ Fairbanks Co... Fairbke (2.60) Fish Rubber Foundation (8).. Freeport-Texas. aner Motor. . g:,', Am Tok (3) Gen Asphalt Gen Cigar Gen B vl (600). Gen Motors (6).. Gen Petrol 3) Gen Refrac (2).. Gimbel Bros Gimbel Br D Glidden Co Goodrich Goodyear pt Granby Consol. - Grt North pf (5). Grt Nor Ore (4)... Grt Wstn Su (8) tnspiration Cop. Open. High. Low. Adv Rumle: Ajax Rubber. Alaska Gold. ... 12'c Allled Chem (4). 84% Allfed Cm pt (7). 118% Allis Chalm (). 70% Allis Chlm pt (7) 108% Am Agricul Chm 14% 15% 3 Am Can (16) AmCar & F (12) 188% Am Drug Snyd.. 5% Am Expreas (6). 149% Am & F P 26%(7; 127 Am F Pt pt (7). 127% AmHide & Lpt. 70 AmIce (7).. 88% Am Internatl... $8% Am LaFrance (1) 11% Am Linreed. ...\ 24% AmLinseed pf.. 46 Am Locomo (6). 96 Am Metal (3)... 50 Am Radiator (4) 130% Am Republic.... 46% Am Safety Raz.. 35% Am Ship & Com. 12% Am Sm & Ref (6} 91% Am Stl Fdys (3). 44% Am Sugar. . 527 Am T & Tel (9). 181% Am Tobacco. ... 87% Am Tobacco (B) 86% Am Tobac £ f (6). 104% Am Typ Fdrs (1) 112% Am Water Wks. 40% Am Woolen .... 67% Am Wool ptd (7) 96 10% 42% 187 82 119% 3% ) Asso Ol (1%) At T&SFe (6). At] Birm & At. Atl Coast L (18). 148% AtGuif& WI... 21 AtGulif & Wipt 27% Atlantic Refining 917 Atlas Tack. . 9% Austin-Nichola.. 31 Auto Knitter. 2% Baldwin L (7).. 131% Bsl& Ohlo (5).. 80% Bal&Oh pt (4). 66 Bang & Ar (3).. 2% Bang & Ar ptf (T) Barnsdall A. . 20 Beechnut (13) 57 Bethlehem Ste 49% Beth St pf (8).. 110 British Empire. 2% Bkl Edison (8).. 12} Brk-Man Tran.. 374 Brklyn UnG () 9% Brown Shoe (4). 73 Buff R&P (4).. 63 Burns Bro (10).. 99 Burns BrB (2).. 23% 96 65 8% 20% Bur Add Ma (3). Butte Cop (50¢). Eutte&Superior. Butterick Co. Cal Pete (1%) 21 Calif Pet pf (.. Callaban Znc. .. Calu & Ariz (2). 63 Can Pacific (10). 150% Cent Leather... 20% Cent Leather pf. CRRNJ (112).. Cero d Pasco (4) Certaln-Taed. .. 51% 421a 943 10 119% 118 8% 42 18% 1% Y% 4% 68% 105% 8% 41% 264 T4% 294 98 12% 56% 5% 40% b4k 8 46% 138% 14T% . 1124 . 139% 110% 16% 62% 11% 2% 16% 70 31% 45% 42% 20% 3 31% 93 .. 116 60% 12% 80 91% 10% % 51% 5% (8)... 96 c ( ectrl 1 61% 2% “ 617 1 () 104% 13 87 89% 18% 3% 835 114 ‘West Spf (T) Ot e Canaa. . 16% Guantanamo. .. Gulf Mo & Nor. . Gu Mo & N pf 6% © 93 Gult StSteel (5). 86% tman Co (4. 86% 2.“- Wheel (3) 88 Househ P (13%). 85% Houston Ofl 71 Hudson Man. 26% Hud Man pf (5). 64% Hudson Mot (2). 34 Hupp Motor (1). Hydraulic Steel. Hydraulic St pf. Tlinots Cent (7). 116 Independ Ol (1) Inland St (2%). om Solv A (4).. Brat. P1(8) DE.. Ci Bl a7 Interb Rap Tr... 16% 13 12%e 85 118% T1% 103% 14% 397 83% 160 184 5% 149% 131% 132 70 89% 33% 11% 26% 46% 99% 50 130% 46% 36% 12% 91% 44% 53% 23% 98% 4 53 15 1% 20 Y 4 94% 107 10% 18 58 28 16% 28% 74 46% 1207 120% 815 424 13% 1% 774 4% 6878 106 815 41 26% 5% 29% 98 125 574 5% 41% b4% 8 46% 139% 147% 112% 139% 118 16% 62% 11% 3 16% 70% 31% 45% 24 20% 3 81% 93% 116 60% 12% 80 91% 10% 4% b2 5T% 96 109 288% 11% 61% 42% 44 62 104% 13 87 89% 19 74 84 92% 114 16% 5% 28% 29 86% 86% 88 36% 7 25% 64% 34w 17 1% 6 116% 47 15% 125 12¢ 84% 118 70% 103% 14% 39% 83 158 183% 5% 149 127 127% 68% 88 83% 1% 24% 45 96 50 180% 20% 21 221 98 4 53 53 150% 151% 20 20 b5% 65% 288% 288% 51% 61% @ 42 36% 36w 36% 36% 94% 94k 107 107 9% 44% 424 19% 2% 31% 31% 92% 934 116% 115% 60 12% 78% o1% 10 4% 50% 57 96 108 286 11 61 42% 44 61% 104% 13 87 89% 18% 73% 8% 91% 114 16% 5% 28 93 86% 36% 3% 35 77 24% 6d¥% 33% 34 =1 1% 1% 8- 6 85 7 24% 64% 116% 116 1% 1% 1% 11% 47 47 30% 30% 304 304 31% 21% 31% 31% Int Bus Mac (8). 117% 1173 117% 117% t Cement (4).. 63 Int Com Eng () 81 Internat Har (8) 109 Int Mer Marpf.. 45% Internat Nickel. 23% Inter Nick pf (8) 98% Internat Paper.. 54 Int Tel & Tel (6) 90% Intertype (113%). 24% nvincible Ofl... 16% fron Prod (4%).. 89 Jewel Ten 22 106 Jones Bros Tea. 53 37% 109 45% 28% 98% b4l 0% 24% 16% 89 22% 108 63 63 36% 86% 108% 10815 44% 45 23% 23% 93% 293% 83 53 80% 90% 24% 24% 16% 15% 85 8 22% 22% 105 105 214 214 21% 21% Jones & Lau (7). 111% 111% 1113% 111% Jordon Mot (3).. 48% 48% 48% 48% Kansas & Gulf. . Kan City South. Kayser (Julius) Eelly-Sprigfeld. Kelly Sprug 1st. Kennecott (3). Keystone T & R. Kinney G R.. Lee Rub & Tire. Lehigh Val (334) Lig & Myrs (3).., Lig & Myrs B (3) Lima Loco (4). Loews Ino (3). Loose-Wiles B Lorrillard (3). ., B84% Lorillard pf (7). 1124 Ludlum (2). McCro (1.60) B... Mclntyre (75¢c) 80 97 Macy HR & Co. Magma Copper Mallinson & Co. Man Elmd g (5). Manhat Shirt (3) Mantla Elec (n). Maracaibo O Marland Oll Marlin Rockwe Martin-Parry 4. Mathieson Alka. Maxwell Mot A.. Maxwell Mot R. . May Dept St (5). Metro G pf (1.89) Mex Seabd (3).. Miami Cop (2). Middle States Midvale Steel Minn & St Lou! MinStP & SSA Mis Kan & Tex.. MK & Tpf (5) Missour! Paoific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode 760 Mullins Body. .. Nat Acme....... Nat Biscuft (14). at Cloak & Sut. Nat Dairy (). Nat Dept Stores. Nat Dp St 1st (7) at Distillers pf. Nat Enamel & S. Nat Lead (8). Nat Ry Mex 1st. Nat Supply (3) Nevada Copper N O T&M t233% NYAlrBr (4).. NYAIrBra (4 N'Y Canners (2). 7 Central (7). Y C & StL (6). 69% 87% 84% 48% 31% 29% 28% 87% 13% 84 B7% 82 87 18 21% 2235 1% 284% 34 474 29% 73 2% 72% 70% 46 24 8% 18% T 1 69 42 38% 99 43% 34% 164 5% 61% 154 1138 53% 55% 85% 119% 122 89% 31 8134 26% 96% 25 127 42% 464 1% 26 83 9% 59% 43% 10415 9 68t 14% 62% 628 33% 1% 23% 48% % 6734 848 b56% 50 16% 88 36% 85 14% 49 1% 25 o% 50% 624 101 694 115% 5944 81% 284 68% 1115 25% 147 38% 29% 104 4T% 48% 182% 15% 6% 25% 39% 42% 49% 22% 56% 924 16% 6% 48% 42% N Y Steam pf(7). Norfolk South. . Norf & W (18). North Am (3.40).. North Am pf (3) North Pac (5). Orpheum (1%).. Otis Elev (153% Otis Stael. Otis Steel pf.... Owens Bot (3).. Paclfic Gas (8. Pacific Mail Pactfic O1l (2) Packard (11.5! Pan-Amer (4)... Pan-Amer B (4). Park & Tilford. . Parish & B sta. Penn C & C (4) Pennsy RR (3) Penn Seab Steel. Pere Marq (4) Pere M prior (5 FhilaCo (4)..... Thila& RC&I. Philiip Morri: Phii-Jones pf ( FPhilllps Pet (2), Phoenix pf (7).. Plerce-Arrow. Plerce-Arrow pf Pierce Oll. Plerce O1l pf. Fierce Petrol Pitts Coal (4) Pitts Term Coal. Pitts St pf (7). Pitts Ut pf (1.2 Pitts & West Vi Tostum pf (8). Press Steel Car. Press Steel C pf. Prod & Refiners. Pub Ser NJ (5). Fub SNJ pf (8). Public Ser? rt, Pullman Co (8). Punta Al Su (6). Pure Oll (1%). Pure Oll f (8).. Radio Corpof A. Radio Cpf (3%). Ry Stl Spg (8). Ray Cons Cop Reading (4) Reading 1st (2). Read 2d pf (2)... Remington Type Replogle Steel Rep Ir & Steel. Rep1&Spf (1. Reynolds Sp (1). Rey Tob B (8). Roy Duth 4.42%. St Joseph L4 (2) StL & San F (6) st L Southwest. Savage Arms... Schulte (8) . SelbolAr:l lrp :A r L pt. . m-m-bk (®) 147 Seneca copp:‘r; . 2}: 11 Unlon (1). i (. 331 18 17 78% 22 8214 22% Simm: Sinclair Ofl. Sinclair pf (8).. Skelly Oll. ..o Sloss-Sheft (8).. Sou Southern Ry (6). South Ry pf (5). Spicer MIg..co.o Std Gas & El (3). 40% St Ofl Callt (2).. StOUNJ (1).... 40 StONNJpf (1. 117% Std Plate Glass.. 18% Stew Warner (5) 70% Stromberg (6).... 68% Studebaker (4).. 46% Submarine Boat. 11% Superior Ol 54 Sweets (new)... 124 Telautograph... 14% Tennessee Coppt 8% Texxs Co (3). 43% Tex G Sul(173%).. 102 Texas & Pacific. 474 Tex & PacC&O 11 Tide Wat Oil (4). 130 Timien (13%).. 89% Tobac Prod (6).. 724 Tobac Prod A (7} 93 Transcont Ol. 3% Twin City (4)... 57% “y Un Bag & Paper. Union Oil (1.80). 36% Un Pacific (10).. 150 UnPacpf (4)... 76 Utd Alloy Steel.. 28% Utd Cigar (13%). 62% United Drug (6). 117 Utd Drug 1st 3% 52 Utd Ry Invest... 321 Utd Ry Inves pf. 62 U S Cast Iron P. 169% 8% 82 18% U § Distributing 89 U SIndAlcohol. 86 U S Realty (8).. 128 U S Rubber..... 40% U'SRub 1st (8).. 94 U S Smelting. 374 U S Steel (17)... 118% U'S Steel pf (7). 121% Universal Pipe.. 42% Univer P pf (7).. T4% Utah Copper (4). 88% Utah Securitie: 42% Vanadium. 80% Va-Caro Chem.. 2% Va-CaroChpf.. T4 Valron Coal &C 41% . Low. % 85% 27 17% B4y ben 2 84 124 8% 68 67% 68% 23 78 34% 34 112% 112% 2% 30 87 96% 69% 37% 84% 48% 81% 29% 28% 37% 13% 844 57% 82 87 693 874 33% 484 304 28% 8T% 13% 84 BT% 80 88% 110% 110% 108% 109% 18 22 22% 1% 28% 3% 47% 29% 3% 83 3% 70% 46% 24 8% 16% 18 21% 224 1% 28% 3% 4% 29 2% 82% 724 T0% 46% 24 8% 16% -4 71 67 4115 88% 9934 434 34% 162% 5% 59' 154 118% 53% 55% 36% % 119 122 89% 31 31 26 96% 25 126% 42 46% 1% 26% 83 9% 69% 43% 108 9 62% 14% 62% 625 33% 1% 238, 48% 1% 67% 84% 563 494 15% 88 363 85 14 48% 1% 26 % 50% 624 101 15% 69% 1154 59% 81% 28% 68% 111% 25% 146% 38 294 104 46% 481 1324% 16% 6% 25% 89% 42% 49% 21% 664% 924 164 6% 48% 42 624 b1% 864 70 1164 59% 811 29% 68% 1115 25% 148 88% 291 105 47% 48% 132% 16 17 25% 39% 44 49% 22% 57% 92% 16% 76% 48% 4235 2% 51% 87 . 112% 114% 112% 114% 23 22% 413 41% 414 41% 17 1% 21% 33% 18 17% 78% 22 82% 147 1% 21% 884 1% 16% 8% 21% 821 9% 78% 82 82 18% 18 40% 40% 62% 62 40 39% 174 117% 18% 13% 1 70 69% 68% 46% 45% 11% 10% 6% 5% 12% 12% 14% 14 8% 8% 43% 43% 108 101 4TV 46 1% 11 130 180 89% 38% 2% 72 98 92% 4 8% 57% b57% 4% 44% 36% 86% 150% 149% 7% 15 28% 28% 62% 624 17 17 52 b2 83% 324 62 61% 160 168 40% 39 85 83y 128% 120 40% 40% 98% 87 9% 118% 37% 118% 121% 39 121% 74 42% 6% 83% 42% 88% 43 30% 2% T N% 201 29% a“'l % 36 27 19% b4% 54% 5 o | 8% 68% 68 6944 - 23% 78 84 12% 1 Louls & Nash (6) 107% 1074 107% 107% 32 96% 15% 16% 16% 164 Mack Trucks (6) 117% 117% 1156% 115% 69% 87% 34 48% 80% 28% 37% 13% 4% B7% 808 86% 18 21% 22% 1% 284% B4 AT 29% 2% 32% 2% 70 46 24 8% 16% 7 1 67 41% 38% 99% 434 85% 162% 5% 594 15% 114 54 55% 35% 119 122 89% 31 31 26 98Y% 26 128% 42 46% 1% 26% /8% 10 59% 16 88 85 14 1% 26 b% 6507 62% 102 16% 70% 115% 69% 811 29% 684 111% 28% 146% 38 29% 105 46% 48% 182% 15% 1 25% 39% 44 49% 21% 564 924% 16% 6% 48% 42 62 514 86% 22% u7 1% 214 83% 17% 16% 8% 21% 82W 103% 103% 103k 108% 79% 82 18 40% 62 89% 17% 18% 70 69% 46 10% Bk 12% 14 8% 43% 101% 4 1% 180 88% 2 2% 4 57% 44% 86% 149% 75 28% 624 IN BOND MARKET Saturday = Trading Stays Within Narrow Limits. BY GEORGE T. HUGHES, Special Dispatch to The Sta: NEW YORK, December 20.—With the exception of the forelgn list the bond market closed the week with prices firm. There was no animated buying of the high-grade investments, such as United States Government loans or First Mortgage Ralls, but prices did not yleld further. On the week this group has been somewhat heavy and most of the Liberty issues are selling a shade lower than they did last Saturday. As for the high- grade rails, Atchison General 4s sold today at almost the same price as & week ago, while on the week there have been advances in a few cases, one of them being Central of New Jersey ©s, which made a new high record. Three Prominent Issues. Among rallroad cohvertible issues three bonds have been prominent, New York Central 6s, Chesapeake and Ohio 5s and Norfolk and Western 6s. All these have kept pace with thelr respective! stocks. Chesapeake and Ohio 6s are down on the week. The more speculative ralls show both| gains and losses on the week, largely because trading in stocks this week | has centered more upon the higher price dividend-paying sisues, the bonds of which do not react to speculative sentiment. The heaviness in the foreign group was hard to explain in view of the hearty reception accorded to the new | {ssues, such as the Greek 7s and the Belglan 6s. Both thess offerings were heavily oversubscribed and both sold at a premium as soon as trading in them was begun, with considerable reaction later. The Belglan 6s today dropped back to the offering price. There was some actlvity on the upside in the Hungarlan 7s first and the Jugoslav $s, but French bonds com- paratively weak. Advances Outdo Declines. Among the {ndustrials advances have been more numerous than de- clines. Copper shares all ars higher International Agricultural 68 jumped | 9 polnts this week. On the other hand, Virginia-Carolina Chemical T7s lost ground. In general the sugar bonds have been heayv. Total bond offerings this week wore over $133,000,000, marking it as one of the best of the year. Heavy Fiancing Abroad. By the Assoclated Prefs. NEW YORK, December 20.—With bond prices fluctuating within nar- row and irregular limits early today investment Interest again centered in prospective new financing, which is scheduled in heavy volume for next week. In addition to an offering of $10,000,000 in notes for the Krupp works in Germany, the market prob- ably will be called upon to absorb a | $40,000,000 bond issue for the Andes Copper Mining Co. and several small- er corporation issues. WALL STREET NOTES. Hoe Company Declares $1 Divi- dend—Pig Iron Up. NEW YORK, December 20.—R. Hoe & Co. has declared an initial quarter- 1y dividend of $1 a share on the class A stock, payable January 15 to hold- | ers ot record January 2. Pig iron prices in the South have been advanced 50 cents a ton to a maximum of $22.50. Continental Can Company has ordered 50,000 tons of tin plate from the American Sheet and Tin Plate Company, subsidiary of the United States Steel Corporation, for delivery in the first half of 1925. The contract involves about $5,260,000. NEW BANK PLANNED. Business Men at Essex, Md., Seek to Incorporate. Spectal Dispatch to The Star. ‘[ BALTIMORE, December 20.—An-| other new bank will open {n Balti-| more County, articles of incorpora- tion having been flled for record in tho office of the clerk of court at| Towson. The incorporators are: Wil-| llam Schludeberg of C., Willlam H.| Lawrence, Danile Weber, Joseph H. Voltz and Charles Henry Lowenstein. The amount of capital stock au- thorized is $50,000, divided into 1,000 shares of the par value of 350 each. The bank will be located at Essex. | | i 1 | i ELECTRICITY RATE CUT. |Meran Maryland Towns to Profit by Re- duction in Charge. Special Dispatch to The Star. BALTIMORE, December 20.—Efec- tric consumers at Westminster end several other towns In Carroil Coun- ty will benefit from a voluntary rate reduction made by the Consolidated Public Utllities Company of West- minster, according to new rate sched- ules filed with the Public Service Commission. A voluntary reduction | Inter Paper 68°47. UNITED STATES BONDS. (Sal In $1.000.) g “l." nllf[h. Low. mnl. - 184 100-31 100-29 100-30 57 101+21 101-17 1042 64 100-25 100-23 100-23 28 101-7 101-5 101-5 196 101-25 10121 101-21 89 10017 100-15 100-15 16 104-29 104-29 104-29 FOREIGN. Sales. High, Low. Close. o5% 95 95% 1017% 101% 101% 97 9Th 9Th 99 98% 99 941 94 94% 109% 109% 109% 107% 107% 107% 921 92w 924 8 8 85 82% 82 82 96% 96% 96% 101% 101% 101% 102% 102% 102% 1022 102 102 99% 991 99% 106% 106% 106% 107% 107% 43 . 110% 91% 94% 97 100% 100% 99% 110% 92 92 98 98 86% 94 100 104 5% 88% 92 79% 894 91% 89% 85% 89 100% 103% 4 98% 9% 7% 112% 84 80% 88 Lib4th 4 s US4s “4‘4‘ . | US4Xs1952. { Argentine 6s'37. Argentine 7; Austria 7s Canada 5s 1931 Canada 68 1952. ... Canada 6%4s 1929, Chile 75 1943. . Chile 85 1941 Chile 85 1946. . Chinese Gov Ry b8 Christiania 8s.. Con Pow Japan 7s. Copenhagen 5%s.. Cuba 6348 Czecho 88 1951. Czecho 85 1952 ¢ Denmark 6s. Denmark 8s DEIb%s Mc! DEI6%s Nov'53. Dutch East I 6847 Dutch East I 662 Finland s r 63 1945 French7swi..... French Govt T%s. French Govt 8s. Germany Tswi .. Greek Ts w { 9 Salran cRonaaBrmolmw ve © N Japanese 6%s. Jergens UM 65°47 Lyons 6s. Montevideo 7, Netherlands 6; Netherlands 6372 Norway 6s 1945... Norway 6s 1944. Norway 6s 1952. Norway 8s... . Orient Dev deb 6 Paris-Ly’'s-Med 6 Paris-Ly's-Mod 78 Prague.7%s.... Queensland 6: Riode Jan 85 1946. Rio de Jan 8a 1947. Sao Paulo City &s Rao Paulo State Seine Dept of 7s. Serbs Cr'tes Slo 88 Sweden 5%s ct Swiss 5%s 1946. Swiss Confed 8s. Ud Kingm 5%s 37 Ud Steam Copen 63 Zurich 88, P oy S=ye ey o 2 1 10 2 7 1 MISCELLANEOUS. Am AgrChem T%s 1 94% AmChatn=f6s'33 10 964 Am Repubdeb6s. 5 91% Am Smit&R 1st5s. 28 95'3 AmSmit & R 6s... 3 104% AmSugref6s..... 3 99% AmT& Teltrds.. 24 96% Am T&T cl tr bs. 100% AmT& Tdeb5% 101% AmT&Tcvés.... 1127 Am Water Wk bs 92 Am Writ Paper 6s. 4% Anaconda 1st 6s.. 113 99% Anaconda ov db 7s 158 101% Armour & Co4%s. 8 86 Armour of Del 5% 10 9114 Associated Oil 63. 101% Barnsdall s f Ss. 101% Bell Tel Pa 5s. Beth Steel pm bs.. Beth Steel rf 63.. . Beth Steel 5%8 ‘53 Beth Steels .o Brier H St 15t 548 Bklyn Unton G & Calif Pete 6%, Can Gen El de Central Leather 63 Chile Copper 6. Col Gas & El b3 Col Gas & El 53 sta Commonwth P 61 Con Coal Md 1st b8 Consumers Pow 63 Cuba Cane cv d 8s. Denver Gas 5i Det Edison 55°40.. Det Edison ref 6 Du Pont de N 7%5s. Duquesne Light 63 Empire G&F 1% Feder Metls 78 Francis Sug 7%9.. Gen Elec deb 58 Goodricn 8%8.. ... Goodyear 85 1941.. rehey 65 1942... Homble N&R 5%s. Tilinois Bell 1st bs. Int Mer Marine 6s. 941, 96 91% 95% 104% 2914 96% 100% 101% 127 921 441 9915 100%% 85'% 91 101% 101% 101 90% 94 854% 924 4 97 100 100% 107% 100% 1084 100 100 97% 86% 9084 9915 9244 100% 106 107% 4 [ 1 1 1 - o KCP & Lt bs A Kan G & E1 Kelly-Spring Liggett & MY Lorillard (P) b Cop cv rland O11 7 % Maxwell Motor 7 Midvale Steel 88 ct Montana Pow 5. Nat Tube 1st 58 N Y Eden 15t 6%8. Y Tel 4% NY Te1 6541 N Y Tel 68’49 North Am Ed & North Am Ed 6%s. Nor Ohio T&L 68 Nor States Pow s Northwst B Tel 78 Pacific Gas & El 58 Pacific T & T 5362 Ppan-American 6s. ‘52. 5 e o BB aman® araan = also was made recently by the Belair Electric Company. The reduction made by the West- minster company called for increased discounts on rates for more than 100 kilowatt hours per month consumption. MORE WHEAT AND RYE PLANTED IN MARYLAND Special Dispatch to The Star. BALTIMORE, Md., December 20.— The area seeded to Winter wheat this Fall in Maryland is estimated to be 573,000 acres against 562,000 (revised), Fall of 1923. Condition December I, 83 per cent of normal, There has been also some slight increase in the area seeded this Fall to rye, Maryland re- porting 21,000 acres. e s VaRy & Power. 04 72% 70% 724 Vivadou. 8 8 8 8 Wabash. 21% Wabash pehs fit dor! 5 z:tber&fl M 17% 17% 17% West Pen (4).... 127 127 126% West Elc pf (7). 115% 115% 116% West Maryland. 14% 14% 14% West Md 24 f... 24% 24% 2314 Western Pacifie. 84% 84% 3434 West Pac pL.(6). 85% 85% 85% West Union (7). 1164 116% 116 West Alr Br (6). 108 108% 108 ‘Westinghse (4). 69 69 8% Wheel & L Erie. 16% 164 18% Wheel &L EDf.. 301 30% 30% White Eagle () 27 27% 2 wWhite Mot (4.5 71 71 70% ‘Wickwire Spen 1% 1% 1% wilson & Co. 7% 8% 7% Wilson & Copf.. 20 20 20 Willys-Overland 10% 10% 10% Wills-Over pf... 76% 75l 6% Woolworth (3). . 128% 124 124 Worthington. ... 78% 78% 725 Wright Aero (1) 16k 16% 16% ‘wrigley (3) 4% 44 i Yellow Cab. 40 40 40 40 YoungstnS&T. 70% 704% 70% 70% $Payable in xts terred tPartly extra. Jn preterred stock. ividend rates ‘ss given o e, anmual ments based on the rations. 22 22% 58% 58% 18% 18% 21% 67% 18% 17% 126% 115% 14% 28% 8a1 851 116 108 68% 16% 304 27 70% 1% T% 20 10% 76 123% 1% 16% 4dls 7% | latest o-n:lLu -yearly deelas Unless _othe: noted, ~ extra or of ‘wpocial are wot incloded. hile Co 5%5°33. . Phi) & Rdg C&1 08 Plerce-Arrow s Producers & Rf 8s. Public Service 5s.. Pub Serv Elec unta Alegre 7 Y O e P L1 lair Ol 7 S Crude OIl 5. Sin Pipe Line b3 8o Por Rico SUE Southwest Bell 65. Steel & Tube 7s. Sug Est Orlent 7s. Tenn Elec Pow 6s. U 8 Rub 18t rf bs.. USSteelsfbs Utah Pow & Lt Va-Car Chem 78 Yertientes Sug 78. Warner Sug 75’39 Warner Sug 78 "41. West Elec 5s. .. West'n Union 6%s Westinghouse 7s. . Willys-Ov 6%5'33 Wilson & Co 1st 68 Wilson & Co cv 6 Winchester A T%s PARIS MARKET UNEVEN. PARIS, December 20.—Prices moved irregularly on the bourse today. Three per cent rentes, 50 francs 5 centimes. Exchange on London, 87 franes 25 centimes. Five per cent loan, 62 francs § cen- times. The dollar was quoted at 18 francs 53 centimes. S . ‘WOOL MARKET CLOSE. BOSTON, December 20 (Special). Pulled wools, which sold in moderat volume, were the only feature of to- day’s rather quiet week end raw wool market. B supers have sold at 1.23, with some dealers holding out for 1.28. ———— COLD STOPS TRADING. CHICAGO, December 20.—Potatoes —No early trading, account cold. 104% 9114 704 9% 80t 6 92 3 98% 1 110% 9 107% 1 100 36 93% 11 66% 2 102 70% 9% 80% 92 98% 110% 107% 100 93 B pRBaNEREBNRaR B 65 101% 1 RAILROAD. OSW div3is 2 B &0 Toledo o Bklyn-Manhat 6s. 1 Canada South 8s.. 1 Canad North 6%s. Canada North 7; Canada Pac del CarClinch & O 6s. 2 Cent of Ga 6s Chl & Alton 3%, Chi B&Q gn 4s Chi B&Q 1st rf ba. CB & Q-Til div 4s. 1 Chi & EIgn 68 Chi Great West ChiIM&StP 48’26 2 CM& St Pab 4s, Chi M&St P rf 4% 1 ChiM & St P cv bs. ChiM & St P 6 C&N W gen ds... Chi & N W ret 5s. . ChiRT&P g ChiRI& P rt 4 ChiTH&SE bs. Chi Un Sta 4%, Chi Union Sta 5s.. Chi Un Sta 6% Chl & W Ind cn Chi & W Ind 7% CCC&StLBs..... Cleve Term 5s w i. CubaRR 7%s.... Del & Hudson 5%s D & Rio G imp b D&RGI1strebs.. Det United 434s. . . Erle 1st cons 4 Erie gen és Erfe conv 4s A Erie conv 48 B Erieconv 4s D. Erie con ext Ts Gr Trunk st db 6s Grand Trunk 7s Great North 6s. Gr North gen 7 Green B& WdbB. 1 111 Central ref 4; 11l Central 5% Int Rap Tran bs Int Rap Tr 68 stpd Int Rap Tran 7s, Int & G Nor 18t Int& G Noraj Iowa Cent rf 4 Kan City Ft 8 4 Kansas City 8 Kan ity Term 4s. Lake Shore 4s ' | Lake Shore 4s ‘31. | Long Island rf 4 Louls & Nash 7s. Manhat Ry cn 4s.. Man Ry 2d 4s 2013, Mil E1Ry & L bs.. M StP & SSM cn 4 M StP & SSM b5%s. SSM 6%4s. Mo Pacific gen 4 Mo Pa. 1926... Mo Pacific 6s. Montrl Tm 18 Nassau E Ry 4: NOTex & M6sB. NO Tex & Mb%s.. N Y Cent cn 45'98. N Y Cent r15i N Y Cent deb NY Chi & StL§ NewHaven c d 6 New Haven 7 New Haven 7s fr. Y Ry rfdsctfs.. 1 ew York Ry ajbs N Y RysadjSsct.. NY W & Bos 448 21 Norfolk & W cn 48 Norfolk & W cv 68 15° Northern Pac 2s Northern Pac 4s. . 1 5 9 1 2 14 1 6 3 1 2 1 1 5 5 1 4 50 0 5 4 0 2 7 1 28 Northern PacssD 4 Northern Pac r{ Ore Short Liref ds. 1| Ore Sht Licn 6546, Ore-Wash 1st rf 43 Pennsyl con 43%s.. Pennsyl gen 4% Pennsyl gen 5i Pennsyl 648 Pennsyl zold Pere Mara 1st Por R L & P 6547, Reading gn 4%8s. . Rlo G West 1st 4s. RIATk & L 4% St L IM&S R&G 4s. StL&SFplésA. StL&SFprin StL&SF5%sD. StL&SFadjés.. StL&SF Ini StL&SFpl StLSW ist4 “anA & Arn P 4 Seab'd A L 4s sta.. Scab'd A Liad) 5 Seab'd A L con 6: Sou Pacific 48°29.. Sou Pacific ret 4 Southern Ry gn 4 Southern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%4s. Third Ave ref Third Ave adj Union Pac 1st 4s.. Unlon Pac 1st rf & Union Pac 48'27.... Union Pac 18t rf 68 Union Pacific cv 63 Virginia Ry st 6 VaRy&P1ls Western Md Western Pacific 58 West Shore 15t 4a. 3 2 2 102 102% 2 . High. 83% 88% B6% 8915 86% 88% 88% B6% 86% 89 SP% 85% 8b6% 100% 100 100% 102% 102% 102% 101% 101% 101% 84 84 84 99% 99% 99% 69% 69% 69% 83% 83 83 100% 100% 100% 116% 116% 116% 1165% 115% 116% 79% 79 79 106% 106% 106% 102% 102% 102% 94% 95 88 £8% 105% '106 47 47 88% 88% 101% 101% 89 89 76 8% 59% 59% 564 564 6% 6% 55% b5% 63 63 57% 57% 100 100 84 84 99% 99% 107% 107% 827% 83% 8 84 84% 84% 8% 79 91% 91% 4 101% 101% 118% 1164 6% 6% 104 104 %% 95% 99% 99% 108% 103% 101% 101% 95% 56 915 0% 6314 [ 64t 724 108 108 106% 106% 115% 115% 93 108% 109 4 14 87 87% 68% 684 88 88 102% 102% 684 68% 69% 69% 93 93 100% 100% 68% 68% 184 18% B6% 56% 81% 81% 89 89 831 83% 97% 9% 954 95% 827 8274 108 108 63% 635 b5% 564 Ba% 4% 87 87 845, 84% 102% 102% 80% 80% W T 7 T 85% 85% 63 6831 | 1001 1001 | 99% 994 | 944 94% | 62% 621 91 91 98% 984 | 88 83 | 99t 9915 1125 112% 94 94y 85% 86 9615 96% 95% 96% 45 45 £ 0 4 4 625% 63 83% 88% | 128 130 | 60% 6)% Bu w4 | 9% 964 107 107 96% 961 564 915 0% 63% 64% 64% 103% 103% | 1 82 98 82 98% 9274 924 1024 1024 110% 110% 1087 108% 98 98 944 94y 9 94 88% 83 86% 86% 83% 83y % T1% 85% 854 93% 93% 85% 85% 8% 8% 101°% 102% 804 80% 814 814 % T5% 6% T6% 84% 84% 965 96% 88% 8814 8% 73% 1004 1004 102% 106% 106% 106% b7 57 50% 80% 90% Bar B4y 99 99 104% 104% 103% 104 9BL 954 98% 9% 634 63% 90% 0% 83 83 95% | 72% | 93 | IN BREAD GRAINS Week Also Sees Rise in Price of Hogs—Wheat Touches $2.15 Per Bushel. By the Associated Press. CHICAGO, December 20.—Sensa- tional climbing by prices of bread grain this week have accompanied persistent indications of world scarc- ity of supplies. Compared with a week ago, wheat this morning was 3% to 8%c higher here, whereas corn was unchanged to 1%c lower and oats % to lo down. Provisions showed 27 to $1.20 advance. Despite huge sales to realize profits, the Chicago wheat market almost ords for the season. Meanwhile, signs multiplied that much of the demand here for future deliverfes of wheat came from European sources. Announcement of a material decrease of the domestic visible stock both of wheat and rye was promptly follow- ed by a rise to above $2 a bushel for choice grades of wheat at the prin- cipal milling center, Minneapolis, and before the week was ended some wheat there was bringing as high as $2.16. Reports of a wet harvest in Argen- tina and Australla added apparently to likelfhood of European need of unusual amounts of wheat from the United States before the next crop in this country is available. This pros- pect was further emphasized by an eastimate that the world crop is 440,- 600,000 bushels less than last years total. Another stimulating factor was disclosure that the condition of newly sown wheat and rye in the Inited States is below what had gen- erally been looked for. Immense marketing of hogs, which implied lessened feeding demand, had a depressing effect on values of corn and oats. Besides, Argentine corn crop advices were less pessimistic. Prospects of future shortage of hogs whs largely responsible for new high price records. CHICAGO GRAIN PRICES. CHICAGO, December 20.—Although wheat touched new high prices today, during early transactions material de- clines at once ensued. The opening, which ranged from % decline to % advance, with May 175% to 1.76% and July 1.61% to 1.51%, was follow- ed by a reaction all around. Feed gralns wers he After opening unchanged to % lower, May 1.29% to 1.29%, corm underwent a ecline. Oats started unchanged to 1 off, May 63% to 64%. Later all months showed a loss. Provisions were easy, influenced by corn weakness. WHEAT— Open. Hlfi" - LTl 1L72% 1734 1963 D1mg 2415 % ' 5ol e 1 December Moy Juiy LIVE POULTRY HIGHER. CHICAGO, December 20.—Poultry, alive—Higher; springs, turkeys, 34. Bl R RATES ON BAR SILVER. LONDON, December 20.—Bar sil- ver, 32 5-16 per ounce, Money, 2% per cent Discount rates—Short bil! cent; three-month bills, 3 per cent. NEW YORK, December 2 silver, 67%; Mexican dollars, § Washington Stock Exchange SALES. Corcoran Fire Insurance Co.—2 2t AFTER CALL, & Potomac Tel. T5—4,000 at 98, & Flec. Chesapeake £5—2.000 at 1003 Riggs Realty 53,000 at 98. Washington Rwy. (long), 551,000 at hington Rwy. & Elec. p1a—20 at 8%, b, fitkion Gas Light—10 at 53%, 10 at Bipitar Traction—10 at 913 Mergenthaler Linotype—10 at 1681 ington Gas fe '33—$800 at 101%, BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bld. 961, 107 10015 American Tel. & Tel American Te). & Te Am. Tel. & Tel. ctl. tr. Gs. Am. Tel. & Tel. conv. 6s. & Potomac s. & Potomac gus C. & P. Telephone 58 C. & P. Telephone of Ya. Cap. Traction R. R. City & Suburban 5 Georgetown Gas 1st Bs.. Metropolitan R. R. Gs. Potomac Elec. lst bs. Wa Washin wa gton ington Gas 6s. . Bwy. & Elec, 48 Wash, Rwy. & Elec. ges MISCELLANEOUS, D. C. Paper Mfg. 6u..... Pot. Jt. Stk. L'd. B. s Riggs Realty 5s (long) Riggs Reality 5s (short). Southern, Bldg. 6. Wash. Mkt. Cold Storage o Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. daily established new high-price rec- | $200 ¢ Asked. | - | a50; “ | cabbage, 100, 3.0025.00; savoy. TOBEPHIDIAN $750,000 General Improve- ment—Debentures Payable First of Year. BY CHAS. P. SHAEFFER. The general improvement debenture ¢ ;!):r“znlcbonds':t the Potomac Electric v , outstanding to the smount of $750,000, will be paid at maturity January 1, 1925, at the American Se curity and Trust Co., the trustee, accord- ing to official announcement made this morning by A. M. Fisher, treasurer of the company. The bonds are dated January 2, 1815, The Metropolitan Railroad 5s, out- standing to the amount of $1,850,000 which mature on February J next, and which will be redeemed through a new issue of Washington Railway and Elec- tric 6s, for which permission has a ready been secured from the Publl Utilitles Commission, will be paid a maturity at the office of the trustee, th Baltimore Trust Co. of Baltimore; it understood. Huge Girder Put {n Place. The main girder in the steel work the new home of the Federal-America National Bank, measuring 54 feet ar weighing 35 tons, was set in place yee- terday afternoon. The operation fs lustrated elsewhere in this edition. This monster beam, which is suff clently strong to support five addi tional stories should they be addec in the future, required five and one half hours to properly place. It wi provide G4 feet of unsupported spa and will form the rear side of tl banking lobby. Four more huge girders are needed to complete the fabricatio: the banking lobby. Two of these w welgh 21 tons each, while the other will weigh 11 tons each. All are nc ready for delivery, and will be plac "us quickly as circumstances permit | The welght of the main girder {so great that only certs ‘l:ou!d be used in transporting i bullding site. Banquet Date Ch he local chapter, Americ: { tute of Banking, will hola its ann banquet on Saturda. ight, Febru: 21, instead of Februiry 25, as pre y announced, R. Jesse Chane chalrman of the committee repor: this morning will t held in the the Wi lard Hotel. The original date, last day of the month, lopportune, inasmuch as { work is requircd at this p for month-end routine The local chapter will call a Tull § its activities after next Tuesda until January 5, 192% 3 | _On Monday night Vie: | president of the Dj Bankers' | Association, will substitute for F. J { Donohue, addressing the standard banking class on the “Federal Re- | On Tuesday nighc | Joseph K. Moyer will lecture on “Ad |justment and Closing E = | fore the accounting class. Savings Stamps Matare Jan War Savings certificates bearing the red war savings stamps of the series of 1920 will be payable at the maturity value of $5 for each stamp on and after January 1, the Post | Office Department announced toda { Holders of these stamps may presen them at any time befcre maturity a | the main Post Office or the larger sta- | tions and arrange for payment b mall on January 2, 1925. B. & 0. Sells “Rights.” The Baltimore ang Ohlo Rallroad | Co. was reported today to have so to the First National Bank ity its block of Reading entitling holders to purchas« of the Philadeiphia and Read. {ing Coal and Iron Co. The Balti- jmore and Ohio’s holdings represented cent of the coal com- | pany’'s outstanding stock, with a mar {ket values of approximately $13 200,000. Seaboard 1o Iasue Notes. The Great Northern Railroad ( | today asked the Interstate Commerc | Commission for authority to issue §4 1250,000 in equipment trust certificates | the proceeds to be used in the put {chase of new equipment. | The Seaboara Air Line propos: an issue of $3,390.000 in similar ce | tificates for a llke purpose. | Banquet for President Ham. | Directors of the Washington Ra | way and Electric Co. last night te: dered a banquet to W. F. Ham, presi i dent of the company, In complim | to his 25 years’ asscciation with company. ze. | | 1 GRAIN AND PROVISIONS. BALTIMORE, December 20.—Pot 100 pounds, 1.0081.50: sacks, 1 sweet potatoes, barrel, 2.00 bushel, 1.50a2.25; barrel 2.0024.00; bushel, 1 X string | beans, hampers. 4.0026.50; beets, 100, 13.0025.00; broccoli and kele, bushel Brussels_sprouts, quart, 1 l{OflSQ, carrots, flower. crate, 24.00; cucumbers eggplants, crate, 0ad.50; lett basket, 1. onions, 100 pound 5a3.00; oyster plants, 100, 6.00a7.0 | parsnips, ‘basket, 40a30; peppers { crate, 3.00a5. peas, hamper, 3.5 | 4.50; spinach, bushel, 40a65; squasi | crate, 3.0034.00; tomatoes, crate, 4.0 | a8.00; turnips, basket, 40a50. | Apples, packed, barrel, 3.00a7.0¢ | bushel, 75a2.00; loose, basket, 40a7i | box apple: 0a3.00; cranberries, box | 5.76a7.50; grapefruit, box, 1.60a3.00 | oranges, box, 2.50a3.75. | Selling Prices at No { Wheat—No. 2 red Winter, spot, 1.7 100, 3.0026.00; caul 00a3.00: celery, crat bushel, 2.50a5.50 ‘Wisconsin Cent 48 18 ° 803 80% CHICAGO LIVE STOCK MARKET CHICAGO, December 20 (United States Department of Agriculture)— Cattle—Receipts, 1,000 head, compared week ago; fed steers unevenly higher; largely 50 to 1.50 up; top yearlings, 14.50; best hand weight, 12.65; big weight, 10.50; stockers and feeders about steady; she stock very uneven; other grades and classes about steady: bulls slow, weak: vealers strong to 50 higher. 'Week's bulk prices follow: Beef steers, 7.50a10.25; fat cows, 3.50a 5.00; heifers, 4.50a6.50; canners and cutters, 2.50a2.90; veal calves. 8.50a 9.50; stockers and feeders, 5.00a6.50. Hogs—Recelpts, 18,000 head; gen- erally steady; top, 10.30; heavies, 9.85 a10.20; medium, 9.60a9.75; pigs, 7.50a 8.00; packing sows, 9.50 and above. Sheep—Receipts, 1,000 head: com- pared week ago, fed lambs mostly 75 higher; fat sheep weak to 25 lower: feeding lambs, 25 to 50 higher. Bulk for week: Fat wooled natives and fed westerns, 15.75a16.560; top fed west- erns, 17.00, highest of season since 1919; clipped lambs, 13.00a13.75 yearlings, 12.76a13.23; aged wether: 9.00a10.00; fat ewes, 6.0028.00; feeding lambs, 15.00215.50. FINANCIAL NOTES. NEW YORK, December 20.—The price of heavy melting steel in the Chelago district reached another new high for the vear today at $19.25 to $19.75, an increase of 25 cents. Willlam M. Davis, a director of the American Petroleum Institute, has been elected a director of Phillips Peh;okvn- Co. to succeed the late F. P. Deal. 0. 2 red Winter, garlicky, domestic 1.81; No. 3 red Winter, garlicky, 1.7 Sales—None. Corn—Cob, new, yellow, spot, 6.00 | per barrel; track corn, yellow, No. old, 1.45. 24 Sales—None. Oats—No. 2, new, 65% per bushel No. 3, no quotations. Rye—Nearby, 1.15a1.25; spot, 1.50%. Hay—Receipts, 46 tons. There is no 1ife to the demand for hay and onl top grades of timothy and light mixed are wanted. Low grades and inferlor hay have not definite market value. Quotations today—No. 2 timothy 119.50a20.50; No. 3 timothy, 16.00a 18.00 1 light clover mixed, 18.50 219.00; No. 1 clover, mixed, 17.50a 18.00; No. 2 clover, mixed, 15.00a16.00. Straw—No. 1 wheat, 12.00213.00 per ton; No. 1 oat, 13.00a14.00 per ton. S Detours Near Washington. Special Dispatch to The Star. BALTIMORE, December 20.—The following detours are listed by t State roads commission for the we: ending Detember 27. At the intersection of the Kensing- ton Forest Glen road and Seventh Street Pike (0.0) go north to Wheat- on, turn left (2.0) to kensington (4.0). Length 4 miles. Condition excellent At Weeds Corner turn left on cin- der road at Seabrook, right (0.6) to Glendale (1.7) cross railroad and at fork, take left turn to cross roads (2.3), turn left to undergrade cross- ing at Hillmead (2.7), thence to De- fense Highway (3.2). Length miles,. Condition fair. . New planos were offered for as low as $75 in Burope recently. g3 28z & Wash. & Elec. pt Termioal Taxi com. NATIONAL BANK. National Capital Columbia Commercial District Farmers ‘& Mechanics Federal-American o % - No, 3, rye BEE s R ncoln tional Metropol Riggs Second tiont £ TRUST COMPAN American Security & Trust Continental Trust.. Merchants' Bank. Natlona] Savings & Trusi.. Unlon Trust Wash. Loan & Trus SAVINGS BA! Commerce & Saving East Washingto Security Saving Soced staten. i es. Washington Mechanic FIRE INSURANCE. TITLE INSURAN | Cotombia_Titte. Real Estate 1it MISCELLANEOUS. Merchants' Transfer & Storage. Mergenthaler Linotype.. ‘Washington Yellow Cab. *Ex divide: