Evening Star Newspaper, December 24, 1924, Page 14

FTINANCIAL," STOCKPRCESHELD § Apa&r e-Holday Trading Pro- "Gantrast to Re- Markets. - t fhe WY k., Decembler 4 -—Stock P28, Moyl irregularly lower at the orgink "1'(#%‘:'7. market, with trad- 2%t o pre-Roliday character. Ex. £opi] 1OF 1&TMRes of a polnt eagh In Unidn Bag and Paper and Chicagé and techoliisd prefecred, itial re- #dons were heid to Crctions. St Cop- Darg were firw, Angconda touching a LeWwAlY, 4. 1 rhide’ Wgrements Narrow. i Y ce moyEments were the n mernipg session since owest ection and General Elect d G of a polnt or so were Cuban Dominican Sugar, Missour! Pacific~ preferred and Ameri- can Radiutor. Amerfcan Weolen, Del ware and Hudson and Congoleum each sazged & point Foreign exchanges were quist, with sterling yielding slightly and the other vrincipal currencies showing ouly nominal changes, CROPS FALLING BEHIND INCREASE IN POPULATION Crop prod 1, ¢ the United States keeping pace with the annusl rease i gopulation cording to ures st relcased by the United partment of Agriculture. A1 crop production has increased 78 per cent during the past 12 vears, Lut production per capita has de- creased about 5 per eent The mass of crop production in 1924 ws mezsured by an index number is 3 per cent of the average for the five-year peried of 1910-14, and in 1923 the figure was 110 per cent. The ex of erop luction per, capita in 24 is 95 per cent of the average for the five-year period, and in 1923, the index figure was 94 per cent ROAD APPEALS TO 1. C.C. Boston and Maine Would Close Unprofitable Lines. B and Maine Raiiread comprehensiy Th “in plan to red profitable mileage wnow to the Inferstate Commerce isslen teday for pormission to ebandon feur sections of its railroad system in New Hampshire. Officars cf the read have recently vounced their intention to cease aticns on n very large propor- L of the system HARD AND SOFT COAL BUSINESS PICKS UP Special Ispaich to The Star RALTIMORE, December 24— The -old weather has stimulated to a narked degres the demand for co and both anthracite and bituminos are moving mere freely than for a long time, accerding to coal brokers here. It is sald there are consider- ably more orders for steam coal than there twere In September. ommercial concerns are now close to the beards in the matter of coal suppliés and are finding they cannot t coal the moment it is ordered operated, PORT TRADE DROPS. Specinl Dixpateh ta The Star BALTIMORE, December tmports and exports from the port of Baltimore last week showed a Qacrease, as compared with the pre- vious week, according to figurés of Charles H. Holtzman, collectof. Im- ports totaled $1,370,922, of which $1.192,711 was free and $178,211 du- tiable. 24.—Both g AUTO EXPORTS IMPROVE. © YORK, December 24.—Fxport of the General Motors Cor- for 1924 indle: rity throughout the world, “we can anticipate an expan- on of rales of great mportance to the thousands upon thousands of Americans dependent upon the'motor car industry for a livelihood.” HUDSON EARNINGS LOWER. NEW YORK, Desember 24-—Neét in- come of $8,013,458 reported by the Hudson Motor Car Co. for the year ~nded November 20 is equal to $6.11 a share, in comparison with $8,008,- or $6.66 a share, in the previous vear. Gross profit was $16,247, against $14.472,351 the year before. 72, FINAL DIVIDEND VOTED. NEW YORK, Décember 24.<Direc- tors of the Invincible Oil Corporation have declared a final lquldation divi- lcnd as a part of the company's plan fo rdissolution. The payment pro- vides for the exchange of one share of Louisiana Oil Refining Corpora- tion for each share of Invincible on ana after December 26. PARIS MARKET STEADY. PARIS, Décember 24.—Prices werc firm on the bourse today. Three per cent rentes, 50 francs. Exehange on London, 87 francs 30 centimes. Flve per cent loan, 61 francs 80 centimes. he dollar was quoted at 18 framcs 87!: centimes. COKE PRICES ADVANCED. PITTSBURGH, December 24 (Spe- cial).—The price of coke shot up here to $4.40 to §4.50°a ton When' the Con- uellsville district advanced wages to the level of the H. C. Friok scale: New York Stock and Bond Averages Tuenday, December 3. STOCKS. Total "stock sales, 1,131,000 sharés. + Twenty indistrials 114.82; net loss, :84. High, 1924, 115, Twenty railroads _averaged 101.07; net los: 5. High, 1924, 102.90; low, $1.00. Tétal bond salés (par 413,093,000 % Ten first grade rails averaged: 8.16; net loss, .08, § Ten sécondary ralls avera¥ed, $8.08; net loss, .13. L Ten public utilities averaged 91.23; net loss, .04. Ten industrials aversged’ averaged ; low, 90.27. ue) mbined average, 90.67; net 13, binsd average mon 83, € th ago, $0.96; year ago, § INNARROW RANGE Many | C Received by Private Wire Acme Coal pt. {Adv Rymjey. .. | Alr Reduct (16). | AJex Rubbeg,... ]Aflfuffl}‘ Algsma Tupeau. . | afiied Chem (4). 7Allls Chalm (4). 71% | Am Agricul Cim 198 . {Am Beet Sug (4 424 Am Beet Spf (6) 784 Am Bosch, 1% Am Can (18)... 152% AmCar& F (13) 188 AmChaln A (2), 22W m Drug 8n; [ 35%( Am Hide & L pf, Am Internatl, ., Am LaFrance (1) Am Linseed. ..., | Am Locomo (8). | Am Metal (8)... 50 Am Radiator 4) 131 Am Bafety Rav.. 86% | Am Bhip & Col ils |AmBm & Ret (5} 89 {AmB& R pf (7). 106% L Am 8tl Fays (3). 44 | Am Sugar. . 2% Am Sugar pf (7) 987s | Am Sumatra Am Sumatra | AmMT & Tel (0 | Am Tobacce { Am Tobaceo (B) #8in | Am Tobac £ € (6). 104% | Am Water Wks. ¥ | Am Waolen . Am Wool ptd | Am Zinc., Anaeconda | Ann Arbor.... | Armour Del (7). |Arn Cons & Co. . |As80 DG 15t (6), | Asso O1 (1%).. |AtT& 8 Fe (8). 1174 AT&SFpt (). 9 At Birm & At... 3% Atl Coast L (18). 149 AGuif & WI... 19% |AtGuita w1 Atlantic Refinin) 8 |Atlas Taok. ... “ {Balawin L (7)., 129 | Bald Loco pf (). 116% | Bo1 & ONlo (6).. T8 | Bal & Oh pt (4). 65% |Bang & Ar(3).. 41 Barnsdall A ‘Hcm-ll-. ut () | Bethlehem st | BY1 Edison (8 | Bru-Msn Tran. . { Bklyn Man pf (6) | Brklyn Un G (&) | Burns Br B (2). | Bur Add Ma (5)... Gi% | Butte Cop (b8c). 8 | Butte&Bupsrior 20% | Butterick Go... Pete (1%). . Calif Pet pf (7). | Calu e Ariz (). 63 ! Can Paetfic (10). 180% 1. | Case Thresh pt.. 66 Cent Leather, .. Cent Leather pf. CRRNJ (412).. Century Rib (). Cero @ Pasco (1) Chand Mot (3).. Ches & Thio (4. Ches & O pf (§3%) 106 Chicago & Alton 9 Chic & Kast 111.. 35% Chi& BEIpl... B56% | Clite Gr W .o 0% | Chic Gr West pt. 26% ChiMIl & StP,.. 18 ChiMij & SPpL. 277n Chi & Nwn ()., T4 ChiPneu T (5),. 98 ChiR1&Pao,.. 45 £hite Cop (2%). B34% Coca-Celo (T) 9% Colo Fue) & Iron 41 Ga&E(260), 40% Col Carben (4).. 474 Com Iny (2.30).. 50% Com Sotv 108 Com Solv rgts. Congol-Nairn(3 | Con Distributrs. ! Consol Gas (31.. | Consol Textile.. | Cont Can (%). | Jont Mot (80c). . . Corn Prod (2. Corn Prog bt (1) 12 | 127 €84 B2y 1% 8 9% 18078 115% 224 oy 98'% b: 3 50% 66 106 9 85y 5w 26% 53 40 1 T 40% 0% 120% 54 264 | Cuba Domtnican’ " i ! Cuban Dom pf Danfel Boona. Davigon Chem. . Del & Hud (8).. Del L& W (6).. Detzoit Ed (81 | Dome Mines (2). Du Pont (8) Eastman (18) Elk Horn. Eaton-Axle. Blec 8t Bat™¢15) . Eri Erie 15t pf Famous P1 (8) Famous pf (8).. FedLt &T (BT Fed Lt & T p(6) ¥ederal Min Fed Mines pf Fiak Rubber...s Fish Rubber pf.. Flelschman (14) Foundation U | Freeport-Tex: | Gardner Motor. . ot 3:: 1 8p! (800) Gen Motors (5).. Gen Mot pf (8).. Gen Mot pf (1).. Gen Petrol (2).. Gimbel Broa. Goodrich. ... ‘ Goodrich pt (T) { Granby Consol.. | Grt North pf (6). Grt Nor Ore-(4)... Grt Wstn Su (8) Guantanamo. Gult St Steel ‘Hartmari Co (9. Homestake (17). Househ P (13%). 58 85% 89 19 2% 83 % Manhat Shir®(3) * | Metro G p! «| Nash Mot (110).. 4 | North Am (5.4 3 | | Bweets (new). NEW YORK STOCK EXCHANGE Direct.to The Star Ofice 2714 Manlis Blee (n), 29! Maracatbo Oll.,. Market Btreet. .. Market 8t prior. Market 8t f" 4 Market 8t 2d pf Marlend Oil.,.,. Martio-Parry Maxwell Mot A.. Maxwell Mot .. May D tr: (b). 1 « | Mex Seaba (2). Miami Cop (2), . Midlnd Prpt (8). Minn & Bt Lo ils. Min StP & 833 M StP&SSM pf 4, Mis Kan & Tex,, MK&Tpt(5)., ssout ! Pacific, Missouri Pac pf. Montgom Ward. Mother Lode 75¢ Nat Acme. ... Nat Biscuit (14), Nat Dayry (3),.. Nat Dept Stores. t Distillers pf Ka: Bnamel & 5 atlead (8) Nat Ry Mex 2d., Nat Supply (8., Nevada Copper.. NOT&M #28%.. NY AlrBr (4).. YAIrBraA(H) N ¥ Canners (1) X 7 Central (7). NYC&StL pf (6). NY NH & Hart.. YO & Wet (1) orfolk South. . Nort & W (18) North Am pf ( North Pac (5) Orpheum (13%).. Otis Elev (16%), Otis Stael. .. Pacific Gas (8).. Paeifie O11 (8). .. Packard (11.50). Pan-Amer (4).. Pan-Amer B (4). Fark & Tilford. Penn C&C (4., Pennsy RR (3).. b Steel. Phillips Pet (2 Plerce-Arrow pf Plerce-A prior 8. Pierce Ofl. Florve Oil pf. ... Flerce Pétrol.. Pittsburgh Coal PILF W &C (1), Pitts Ut pf (1.20) Pitts & West Va. Press Steel Car. Prod & Refin: Pub Ser NJ (5). Publie Serv Fub S NJ pt (8). Pullman Co (3). Punta Al Su (5). Pure Oil (1%)... fiadie Corpof A. Hadlo C pf (3%). Ly StRgpl (7 Ray Cons Cop Reading (4 Rey Tob B (3)... Roy Duth 4.43%. Joseph 14 (3) ik San ¥ (5 5t L Southwest. St L Swn pf (5)- Savags Arms... Schulte (8)..... 1 Seabd Al Lipf.. Sears-Roebk (6) neca Cepper. - | 3ot Trad (2.06) Shell Union (1). Shell Un pf (6) .. Simmions (2)...... simmons pf (1) Simms Pet (500} Binclair Ot ginclair fit ®).. Skelly Olk. .. - Sloss-8ht pt (T South Pac (8). Southern Ry ¢ Spicer Mfg. St Of Calit (2).. StONNJI()... g | 394 | 21 Submarine Bo superior Ok Telautograph... Coppt Texa8Co (3).... Tex G Sul(17%). Tezas & Padific. Tez & PacC &0 Transcont Oil... Un Bag & Paper. Union Oil (1.80). Un Pacific (10).. United Drug (6) Utd Drug 15t 3% Utd Papsrboard. Utd Ry Invest. .. Utd Ry Inves pf. U § Cast Iron P. U S Distributing U & Hoff (500). .. U S Ind Alcohol. 'S 1nd AL DE () 1 U S Rubber. U S Rub 1st U S Smelting. U S Steel (17) U S Steel pf (7. Unliversal Pips. . Univer P pf (D Vanadium. ... Va-Caro Chem. . Vivadou 3 Wabash . Wabash pfa.... Webber & H (1} West Pen (4).... West Maryland. | son Mati. .y 24 Hudson Mot (3). 84 Illinois Cent €7), 115% 115! Independ OI1 (1) 124 124 Inland Stl (23¢). t 308 Rap ’ Internat Agri,..” “6% 0% Int Bus Mac.(8). 114% 114% ot Com Eog (1) 86 -~ .86 Internat Har (§) 106% 105% it MerMarine,. 13% 18! Int Mer Mar pf.. 4 InternagNickel. 244 % fhternat Paper.. 51% 51% tut Ry Cent Am, Int Tel & Tel (6) lnvlnc]:}. ol ordon Mot (3). ix’ CP &last (1), Kan City South. 86h ‘Kayser (Julins) 2 ;g.nrinv‘ln elly Sprig 1st. Kennecott (3). . oy 9 : Kinney G B...., 8% 84 , al o f :'Ily § €3). .. 66. lg% 48 & MyroB(3) | Lama Lodo (4) ... Loews Ine (2) 2 Loose Bla. 76% 7 Lorriliard (3) 34 M is & Nash (6) 106 106 106 106 um (2)..... 83 . 84 88 4% McCro (1.60) B... 954 95% 94 94 Melntyre (T60).. 13% 18% 16% 15w llul&g'ml(” ok T 18t (7). . * 84 116 1164 116 hnl 107! Mal l-mtcv.f 2y 33 14% 48 99 86% 2615 17% 54 b4 12 46% | Western Pacific. West Pac pf (6). West Air Br (6). Westinghse (4). Wheel & L Erie. White Bagle (2) White Mot (4). Wilsonh & Co. ‘Worthington Wrigléy (8) tPartly estra, Ditidend fates 17y are the anoual cash pasments latest quarterly of half-yearly Unless otherwise soted, extra dlvidends are not includéd. tPayable in forred stock. s given fa 4 above 1 0 | \ i — . A STEEL MILLS ACTIVE. PITTSBURGH, December 24 (Spe- clal).—Contintied expansion in steel operations at a time of year when there normally is a let-down is the chief feature of the buSiness situa- tion here. Heavier specifications al riving at the mills preclude the po: sibility of a cut in operations and schedules_call merely for suspension of work frem midnight tomight to 1 | Friday mornin | NEW YORK, Decembér 24.-—Sales of ecars, trueks and tractérs by the ¥ord Motor Caf Company in the United States ring the first 11 \4 | mOAiths of 1924 éxeeeded all previous récards with a total of 1,833,88 paréd with 1,736,202 ‘in ~thé period of 1923, ; com- same {miits scheduled,' *| Narragan: i | From the Ba] Titles WALL STREET HAS BIG HOLIDAY FETE Millions in Bonuses, Tree, Band and Trinity Chimes Add Joy to Occasion. By the Associated Press, NEW YORK, December 24—Glow- ing with {ts month of banner mar- kets, Wall street settled down to cel- ebrate Christ Jate yesterday aft- ernoon with a,show of spirit and g0od cheer that equaled anything oldest brokers could remember. The festivity began with the light- ing of the community Christmas tree in Broad street, in front of the Stock Dxchange. Crowds gathered, listened to the chimes from Old TrinMiy, the trumpeters and a quartet appearing on the balcony of the exchange and ‘ymdh"m from the Brooklyn Navy ard. Milllens in Bonuses. Many firms began holding informal open house as soon as trading closed at 3 o'clock. Many played host to their own employes. Others enter- talned customers. The exact amount of the honuses spread about in Wall street this Christmas is not known, but it runs into millions, representing all degrees of heartiness from one week's salary to & Whole year's salary The Stock Exchange gave 4 per cent of annual salaries, the Consolldated Stock Exchange from one-half week to three weeks' salary. The Cotton o ge set aside $10,000 cash for its employes. & Big 1898 Christmas Reealled. Ola timers on the Street recalled the last “bull Christmas” was in 1898, beginning shortly after Dewey's vie tory at Manila and extending well past Christmas, Tales were still told of the great tree put upon the floor of the ex- change, the lavish flow of cham- pagne and the prevailing convive iality. STEEL MEN HAPPY OVER 1905 OUTLODK Prices, Order Books and Mill Schedules Now in Good Condition. By the Associated Press NEW YORK, December 24.. As the year draws to a close, steel mills and steel markets continue to give evi- dence of firmness in prices and of the improved position of drder books and fron Age says. “The more confident leaders in the industry {bow speak with more assurance con cerning the first six months of 1923 whereas recontly their expressions were limited to the first quarter. “The expectations of a continuance in the early months of 1925 of the rail and car demands of the railroads Is one reason for increasing confi- dence. The sheet industry also has seen a notable revival of demand gince early November. Recent tin plate orders by the large can com- | panies amounted to 6,300,000 boxes 114% [for shipment between February and June, and 1925 now has the appear- #nce of an unusual tin plife year." : pig iron The Iron Age ¢ ice has advanced to $22.09 from Finished steel is last week T, the composite price advancing cents last week to 2346 pr I 2.531 cents per pound. — 12 PER CENT DIVIDEND. NEW YORK, December 24.—The St. Lawrence Paper Milis have deelared & dividend .of 12 per cent on the preferred stock on account of ac- cumulations up to December 31, pay- able January 15 to holders of record December 51 Gl.!’l‘ MONEY AT 4 PER CENT. W YC December 24 —Broker- houses are understood to he hor- 1g six-month money libarally at per cent, which is interpreted in the financial district as an indication of an active stock market in the first half of next year and accordingly aro fortifying themselves. W LIMA DOUBLES EARNINGS. NEW YORK, December 34.—Earn- ings of the Lima Locomotive Works for 1924 are estimated at about $7.50 8 share 6n thé common stoek, amost double the annual dividend require- ment of 34 a-share, P TS INDIANS GREAT SCALPERS, setts Excelled in Art of Detaching the “Cowlick.” From the Baltimore San. Roger ~ Willlams, writing of tribe of Narragansett Indians, 1643, says: “Timequassin: To cut off or be- head—which they are most skilful to do in fight: For whenever they wound and théir arrow sticks In the body o6f their enemié, they (If they be valorous, and possibly may) fol- low their arrow, and falling upon the person wounded and tearing his head a little aside by his Locke, they in the twinkling of an eye fetch off his head though but with a Sorry knife.” Scalping was occasionally perform- ed as an act of torture, but was com- mionly merely the taking of the whole or a part of the hair and skin of an enemy’'s héad as a trophy to show that the possessor had slain.a foe- man. It was only necessary (6 take the little part on the crown whére the hair radiates, “cowlick.” ~Phis part was demanded, because there Is only one such place on any given head, and, therefore, cheating was eliminated. the in Opera Singers and Titles. timore Sun. ave been traditional for years ‘in thé operatic world. The great Patti was first the wife of the Marquis de Caux®and when she died was married to Baron Cederstrom of Sweden. Marie Henard, so long pep- ular at the Imperial Opera House in Vienna, was the wifé of Count Ru- dolf Kinsky during many years of her activé career on the stage. Minnie Hauk, the Ameriean singer, has long been Baroness Hesse von Wartegg, and Sofia Scaichi, a popu- lar contralto of the Italian operas, was the wife of Count Lolli during her best days at the Metropolitan. PSP S Town Finally Gets Electricity. The little towh 6f Graymount, in Livingston County, Ill, has recently received its first electric lights. An electric line was extended from the nearby town of Flanagan, and all Graymount held a chicken dinner, under electtic lights, in honor of the event, i | i i | ! i | Am Water Wk 5o ! Anaconda 1st 6s.. | Chile Copper 6s... YO Received by Private Wire [ BONDS UNITED STATES BONDS. Glen a2 I SII0Y L son Lib3Ws...... 28 100-30 100-29 100-30 Libleté%s.. 10 10le12 101-12 101-12 Lib 24 4% 335 100-22 100-20 1 Lib 34 296 101-1 100-31 181-1 Li ‘1029 ;:n-u 10117 103-17 94 125 100-11 100-9 100-9 4%8 1953, 163 104-18 104-18 104-18 FOREIGN. 95% 954 Belgtum 6s wi..... 20 Belgtum %o wi.. 29 Chinese Gov Ry Copenbagen §¥s.. Cuba bgs. Caecho S8 1951.... Czecho 82 1952 ct... ‘58 927 92% DEISY%sMch ’ 95 o 985, 98% 98% 985 103% !32“: Finland s £ 0s 1248 865 ®rench 78 w 1. 4% 3:“ French Govt 7% 103% o5 100 104 1055 % o 88% 88% 88% 92" 9t 89 14 91 9% :ovuw/. 90% 1007 100% 100% 103% 108% Jergens U M 65”47 Netherlands 68’84 Netherlands 63’72 1943 o 7% 1125 112% 112% Sera EE RS EERE AL BTG SemEiipw W e 12% 80 Paris-] e Paris-Ly's-Med Ts e ParisOrleens 7a.. 1 88 894 GO0 109 109% 109% 93% 93% @ 100% wRetlulorae~al 104% 106 Ud Kingm § i1 Ud Steam Copenbs 8 52 MISCELLANEOUS. Am AgrChem 7%s 4 95 ‘Am Repub deb 8 Am Smit&R St AmSugref s.. ... AmT&Teltris. Am T&T ¢l tr b2 AmT A& Ta.05%s © SamBaZen 101% 100 - Anaconds ev db T8 Andes 78 25% pd Arnmour & Cod%s. Armour of Dal 83 Bell Tel P Beth Steel pm 68 . Beth Steel 5%s 53 Beth Steel s { 68 Brier H St 1st %9 Bkiyn £d gen bs. . Central Leather §s 1 » D RRRARBRBAE -9 RO ColGas & E1 B Col Gas & E1 Bs sta Commenwth £ Consumers Pow Cuba Cane cv 7t Cuba Canecvd Cuban-Am Suj Deover Gas §s Dery (D G) 7 Det Edfson 58 Eet Caha Sug 7's.. Empire G&F T%3. Fisk Rubber $s Francls Sug 7%8.. Gen Elec deb 53 Goodricn 8%8 Goodyen 1 Hershey Humble V&R § ilinots Bell 1st Lilinols Steel 4%8. Indiana Steel S i - % T PR O e 1227% 109 971, 1010 it 86 a Cop eV 8. flfififl‘ Sug sf 1357 Montana Pow 3. Nat Tube ! st o1 . N Y Eden }st 628, YG EL H&EP 4s.. N ¥ Tel 4%8.. North Am Ed és... North Am Ed 6% Norchwat :.'hl s o . OLle Be Gas & il 52 Pacific T & T s 63 Pan-American 6s. Phila Co b%8 33 Phil & c&l Plerce-ArTow Plerce Oll deb 8s. . Producers & RESs. Public Service B Pub Serv Elec Punta Alegre 78-. | Baks & Co 8L (8« Sinclair O11 :;/. lalr ! g::ccrude 01 5%s. 8o Por Ri aroSenBonaqns ® U A T T L] be 1 %358 18 El Willys-Ov 8% Wilson & Co ov . 11 Winchester A 7% 6 Youngstn 8 & T ¢ MARYLAND COMMISSION ALLOWS GAS PURCHASE New Concern Plans Chain of Gas Companies in Six States. | Special Dispatch to The Star. BALTIMORE, December Au- thorization has been granted by the Public Hervice Commission for pur- chase by the Southern Gas and Power Corporation of four natural gas companies in West Virginia and Western Maryland. Walter Whet- stone, president of the S8uthern Gas and Power Corporation, sald the company plans to construct an arti- ficial gas plant to be used to aug- ment the natural gas supply. The plant will be constructed in West Virginia, near the present gas fields. The four matural gas companies to be bought by the Bouthern corpora- tion were recently merged, with the conséent of the commission, in the name of the Chésapeake and Allegany Company. By the purchase the Southern corperation will operate a chain of gas companies in six States, with approximately 40,000 patrons. ———— In some cities there 1s now the rullng that ear owners arrested for vareless driving must submit to an eye examination by an opticlan, STOCK EXCHANGE I Direct to The Star Ofice. * Ann Atebison ady Atchison gen 85% 101% 101% 83 83% 99% 83% 116% 115% 101% 1067 B2 OSW are st Biiyn-Manhat oo, 87% L PO 104 46 % 8% 101% 5% 59% 56 6% 72% b8% B2i% 564 £2% 3% 8% " © ®» 92 101% 7% B T P L= PR P PR T Cleve Term bs w i. Cleve Term 614 Colo & Sou 4% Cuba R R 7% Der & Hd 18t rf 4s. Del & Hudson %3 D& RGlstrtbs. Erle con ext s Grand Trunk 7 Great North bs Gr. North gen S Gr North gen 7s. .. Green B & WdbB. e a3 Int Rap Tran int Rap Tra Int & G Nor _at 6. Int & G Nor «f P P L L -y g MK &Tadjbs... 141 MEK&Tprinbsa 14 79 Nassau E Ry 4857 NOTex & M5%s NYCengend N Y Centcn 48798, N Y Cent ris: N Y Cent deb #s.. 12! NYChH&StLs%s 8 NewHavencdés.. 4 NYW&Bosdk%s. 18 Norfolk & Wcnde 2 Norfolk & W cv 68 20 Northern Pac ds.. 11 Northern Pacrids 5 Ore & Calif 1t §s. 21 Ore Short L ref és. 12 Ore-Wash 1st 1T 48 ';l 0 aRwmm B L 821 & 110% 9814 94 St L IM&S 4s°29... St L IM&S R&G ¢s. StL&SFplésA. StL&SFprin 3% u 85'9 Sou Pacific ref és. 20 Southern Ry gn 4s 17 Southern Ry st 5s 8 Southern Ry és ct. 14 | Southern Ry 6%s. 4 | Third Avead) bs. . | TolStL& Wis... | Union Fac 4827 | virginia Ry st 6s.. Western Md ds.... Western Pacific bs Whel & LB rf 4%s Lo e MANY NEW OIL NEW YORK, December 24 — The ‘nsdall Corporation has tompleted six wells in the Rosecrans field, Cal- ifornia. Ten additional wells are be- ing drilled. Pure Oil Co. has opened a new producing territory, with the completion of a well on Its Howard Jease, In Licking County, Ohlo, Two other wells in Ohio have been com- pleted in Morgan and Athens Coun- 991 95t 8314 9054 65 LIVE POULTRY LFWEB,. CHICAGO, December Poult: alive, lower; fowls, 15 springs, 23 roosters, 15; turkevs, 37; ducks, 24: geese, 20a21. 3 Not an Empty Echo. From the Southport Guardian. A certain glen in Scotland hed the reputation of having a splendid echo. An English gentleman vieited the place and asked his guide about the echo. “Just shout ‘two bottles of whis- ky,'” sald the guide, ‘The gentleman did as requested, and after walting for several minutes, he turned to the Scot and said: “But T do not hear any echo.” Bo,” chuckled the Scot, 's the lassie comin’ wi' the Whis- SUtal M Northern Lights in Movies. Earl Rossman, an artistic explorer in the Arctic regions, has returned to the United States with motion piec- tures of the aurora borea'is, other- wise popularly called the northern lights. He used a color process camera. The flim frequently broke because of the cold, which was 35 to 52 be'ow zero. He also made a pic- ture of a complete cycle of the sun in a day as it rounded the pole. Petrified Giant Fofid. On the farm of D. F. Kinger of Elsinor, Mo., some prehistoric re- mains have been found that, arche- ologists believe, might be traces of part of the country. Muscles and blood vessels are plain'y outlined on the rocklike formations, which, like other prehistoric evidence, are be- lieved to have been thrown up by voleanic action in that part of the Osarks. Glass of Milk Equals Egg. As a tissue-bullding food, milk is it _remains for the food chemists to te'l, how a glass of milk compares with other edibles. As for protein they say one glass will provide as much as one large egg, 12 onions, 3 potatoep, 23 shredded wheat biscuits, & shioes of bacon, 26 apples, & banan; or 2 thick slices of whole wheat bread. 4 2% 1024 | 94 - TURKEY PRIC ' | Yesterday’s Wholesale Rates | a glant race that once inhabited that |, recognized as in the first class, but | FINANCI N.&W. MAKES_SHARPI GAIN IN MONTH'S NET! ter Business Than in No- vember, 1923. Ey the Associated Press. NEW YORK, December The November earnings statement of the Norfolk and Western Rallway show- ing an increase of more than a mil- | lfon dollars in net income over No- | vember last year explained the re- cent activity in the common stock which was able to repel bear at- tacks when the rest of the stock market showed easy tendencies. It was thought in some quarters that the strength of the stock was due to merger speculations, although both Norfolk and Western and Pennsylvania Rallroad officials had made it clear that notiring of that nature was im- pending. SAFE BULDING . CONTRACTS GIVEN lFederal - American’s Vaults Now Being Installed—I. C. C. Plans Rail Probe. i | | | The firm of Herring-Hall-Marvin Co. of New York City has been award- ed the contract for the installation of the safe deposit and money vaults in the new Federal-American Na- tional Bank, John Poole, president of the institution anneunced this morn- ing. The contractors have already begun work, having poured the rein- forced walls and floors. The contract for the safe deposit vault calls for the latest in modern bank equipment. Equipped with plug doors with a thickness of 18 fnches, the vault will be protected with mod- ern electrical devices, including the central office alarm, technically known | as the phonet-alarm. Emergency doors are also called for in the con- tr The safe deposit structure will have a capacity of 8.000 boxes, with 2,500 in service when the new bank opens its doors Made Richard H. the 'ocal law Bank Director. Wilmer, in charge of | office of Cravath, lhn-[ derson & De Gerstoff of New York | city, was yesterday added to the di torate of the District National Bank. The newest member succceds to the vacaney aused by the death of James N. Hoge . Wilmer is only 32 years old €. tn Probe Read's Earnings. erstate Commerce Commis- y announced it would in- hearings beginning April the question of how much carning the New Orlean co Railtoad and erally known as the , have obtained in re- next | | Under the transportation act the] ! Government is entitled to recapture | one-half of the excess earnings which | any railroad corporation may recelve | % | in one year above the 5% per cent re- {turn on the value of the property ! which it used in transportation. The | | notice said that the Gulf Coast Line | {in 1922 had reported only $34.07 as ua' { total of, excess earplngs, and that in 11923 the total so reported had been {31 | | rrier was notified to be pre | pared on the date given to present ev | dence on the subject. EFRN NLOGALARKET Also Prevail on Chickens, Eggs and Beef. Turkey prices did not take a last- minute jump. In New York and other northern cities it is reported that retail prices went to 60 and 75 cents, giving the appearance of an exceptionally high wholesale price. Information received by local dealers was that wholesale prices about the vieinity of X were nio higher than here. however, that dealers in the metro- polis do mot seem to mind running retail prices to the top notch, ir- respective of what prices are in other cities. Get New York . Poultry. | Several local dealers drew on New York poultry raisers for supplies and prices paid offered no suggestion of greatly advanccd prices. Local dealers say they expect to clean up | most of their supplies before closing | hour today. Persons who deemed turkey prices too {high, it is stated, purchased chickens, geese, ducks and fresh hams as substi’ tutes. | i | | { | Toeday’s Wholesale Prices. Butter—Fancy, tub, 47a50; prin Eggs—Freah, selected, candled, 58: average receipts, 5> cases. Cheese—Long horn, 25; mild cream, 28 old sharp, 35 per pound. alive—Roosters, 5a40; ducks, 5a20 ; Spring chickens, 22 18a20 ; keats, young, 50a70 each. Dressed | —Fresh-kilied Spring chickens, 25a26; | roasters, 30 ; roosters, 18; fowls, 24a2| turkeys, 50ab5; ducks, 25 ; geeee, 25 ; capons, 40a4; Live stock—Calves, choice, 111 dium, 10a11; thin, 6a7; lambs, Spring, 13; live hogs, 11a12. Meats—Beef, 12al5; lamb, 25827. 57a veal, 18, and| Strange Things Seen. From the Cleveland Plain Dealer. Arthur P. of Newark. Ohio, saw a| fiivver driver blowing his horn vig- | orously at a large car whose rear bumper had caught the front one of ithe flivver and was towing it down the street. During a sermon J. R. reports seelng 4 young woman working a cross-word puszle inside Rher hymn baok. Joe B. of ‘East Fortieth street no- r a photographer's shop the our baby, {f you have one, can be ‘enlarged and tinted here for $8.75." Over a livery stable was the adver- tisement: “Cars for sail and wheels titend.” b Doctor for Every 724 P;rmnl. In the United States there is a doc- tor for every 724 persons. In Eng- land the proportion is 1 to every 1.087 inhabitants,.and in central Eu-| rope 1 to every 2,000 to 2,500 per-| sons. Bducational requirements for a doctor of the first class today are much higher than 25 years ago, | the | they mean Ibonds which were | were all gone. | replied that since the bonds were o AL. CHEAPER ELECTRIC CURRENT FORECAST Engineers See Gradual Trend Toward New System of Rate Making. BY J. C. ROYLE. Special Dispatel to The Star. NEW YORK, December 24.—Rates of charge for electric current pro duced by central power stations are going to come down. That is the conclusion drawn by many electrica) engineers, efliciency experts and man- ufacturers of electrical equipment These men say that in all proba bility the change will be put effect by the central station corpors- tions themselves, but that if not i will be done by utilities commisstor The changes, they point -out, w not mean less revenue, but more to producers of power. Nor will that Wouseholders' bil will be for materially smalle amounte, but that the latter will ge more for their money. These resulte &re expected to be brought about b a change in the system of r making Home Demand Cause. The use of electrical household aj pliances such us househcld motors vacuum cleaners, washing and fron ing machines, electric ranges and re- frigerators, is hcld responsible for the trend outlined above. The ameunt of current used by this kind of equip- ment {s increasing by leaps and bounds, and the cost of produeing zuch current has not increased 1’ anything like the same ratio. Few users of clectricity that what they rea buy from o stations is servic ricity is soid to a great extent as a bye product. The cos of installing and maintaining equip- ment, reading meters, billing and col lecting involves usually a greate: amount than the cost of the fuel id plant supplies used i generating current A central station must be prepared to supply current up to the ilmit o its installations at any momewt It in the territory of 4 be turned on eim the electric energy must the demand in full instantl: load capacity scldom de manded, but it costs nearly as muci to be ready to fill a possible demand as if this were a constant fact Net Revenue Improves. Thersfore increased use rs of the cer a relatively higl if equipment only partially employed. The larity of household Iabor. machines is providing that increased use and it is this factor which wil nd to make possibl nd probable The theor likely to b dictates pric realize is rates on which rates changed is the same tha r other commodities | Customers wha buy will those just ®hirts one be charged who p the purc can buy who buys in_small units “r of 1,000 doze cheaper than It a dozen. The nearer consumer comes to utilizing the electrieal equipment furnished him to capacity, the lo his rate will be. System of Charges. system of charge has ifs appearance in son The so-cated Doherty This made tios 0w In effee the charges to c factors that rates to fit factors alread. pany’s investment in equipment ne essary to supply the maximum ae- mand whenever the customer may call for it; and a kilowatt-hour charge, determined by the energy actually used For example, it would be pos to furnish current to a factory u: 40,000 kilowatt hours of ele er. uth WILL DROP STREET CARS. WOR (Special dated Street planning to street cars, Mass, Wor Railway substitute December ter | Consol Compan busse: s is EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. AMATEUR VS. EXPERT OPINIO men unknowingly take big to eliminate risk gome chances in trying That is rather a strange statement vet it is certainly true, when the average substitutes his ow judgment for that of an expert in ar profession. This is especially appl cable to the investment fleld. Only d: “4go a man in : small city wrote to a newspaper it a large industrial center asking for suggestions in investing §6,000 for « crippled woman. The paper ex plained the difference in the various types gf securities. and pointed out the 31d which could bs expected or fairly safe b It explained how much the investor paid for mark bility and for tax exemption. etc few representative bonds were sug gested from which the selectior might be made. The inquirer wrote in reply he was too late to purchase th~ in the list. They Of couree, the paper man a few da tha the market, an investment banker or his own bank could buy them for him. A little later the man again wrotc the newspaper, vigorously criticising his bank. It seems he had dug some book which told him_just what a bond should be and how it should look. He did not like the looks of the bonds which were sent to hir through his bank. He objected to looks of the signatures of the officers and sent the bonds back. Evidently his book said that all signatures on a bond should be distinctly legible. The bank and the bank’s attorneys explained to him that the bonds were executed properly, but he knew bet- ter. Then the man asked the newspaper to purchase the bonds for him. Iie disregarded the e of his own banker whom he had known for years, and who undoubtedly expected to live next door to him for many vears. The strangest part was that the question was one of legality, not of personal opinion. If a bank cannot determine the legality of a certain bond, who can? Certalnly he could not expect to owing to the advances -in medieal, anatomical and chemical as well as physical sciences, be able to give an expert opinion him- self. (Copyright, 1924, by Cousolidated Pre