Evening Star Newspaper, December 30, 1924, Page 24

FINANCIAL OIL GROUP LEADS STOGK ADVANCES Market Greatly Confused in Today’s Trading—Rise in Steels Halted. BY STUART Special Dispatch to The Sta: YORK, December e movement on the stock as mixed with a number al specialties again suming leadership on the side of nd- vance and with many of the recent favorites selling down rather sharp from their highs of the precedin The quickly of the 30, rehounded more np. oil than shares other time what Wall “good stocks” were hes taking was on a larg it had been Monday than in- ce per cent ans and to i was in money quotations for the renews 4 per cent for time Rise in Steels Checked. The check to the rise in the stee was a blow to the bull side. U. 8. Steel common at 119 was off 2 points from Monday's high, and this had an unsettling eff n the entire mar- ket. Republic Iron and Steel and the other independent steels reacted with the leaders. Railway shares avy. When Kan sold above 41 it was pointed out there no possible excuse for such an ivance. On account of the low val- tion put vpon the road by the In- taie Commerce Commission, it was evident that any inc in earn- zs would have to he divided with Government under the so-call apture More thought w en of t ns when the 'k sold today below from its top. B. & 0. OFf Five Points. were decidedly ¥ City Southern = and Ohio. below from its sold below Western was w awanna and W he one except he railway group was Chesap: wd O which at one time so ove where it was within a point its extreme top, Paul ferred broke below and the com mon was off a point at 15. Simila Josses occurred all through the rai way section. \mong the specialties there w ide fluctuation Postum Cereal wvas pushed across par for the first me. esge stock made a new high t reached 470. Industrial Alcohol was bid up across 86 on dividend talk Famous Players continued to respond the statement that bank loar been paid and the company a comfortable ho1 wce tmore points Pacif n Norfoik aware, Lacl Also off sharply had had hand. 0il Stocks Strong. s down o of regular sharp rack- Dry Goods appointn > ion of only the On the other hand, curred in Califorr National F a Radio Corporation went through a series of weird fluctuations, starting low jumping to 60, then falling back just as abruptly. The oil stocks were the strongest coup n the market acific 54 was up over and eral Asphalt sold as compared with 58 at Monday's open- The low-priced Texas and Pacific 1 Oil was bid up a point to Associated further on the decl dividend. upturn Coal a above The spectacular Llectric well above 300 was anticipa- ting a statement to be given out lat- ter in the day. CLOSE IS IRREGULAR. Usual Readjustments at End of _To-+ , off 7 points | hnut. ! rise in General | Adams Exp (6). Ad Rumly pf (3) Alr Reduct (1. Ajax Rubber. Alaska Gold [ Allied Chem (4). Allled Cm pf (7) Allis Chalm (4). Am Agricul Chun Am Ag Chm pf.. Am Beet Sug (4) { Am Beet S pf (5) Am Bosch...... Am Brk Shoe (3) Am Can (¥§) Am Can pf (7).. Am Car & F (12) Am Chain A Am Chicle AmFPfpf Am Hide & Lea. Am Hlide & L pt. | Am tee (1) . Am Ice pf (5)... Am Internatl. .. m Linseed. Am Linseed pf. . Am Locomo (6). Am Loco pf (7). Am Metal (3). Am Radiator (4) Am Ry¥xp (6). Am Republic. Am Ship & Com. | Am Sm & Ref AmS & Rpt (7). Am Snuff (12) Am Stl Fays (3). Am Sugar...... Am Sugar pf (7) Am Sumatra pf. Am T & Tel (9). Am Tobacco. ... Am Tobacco (B) Am Tobac pf (6) Am Water Wks. Am W W pf (6) Am Woolen..... Am Wool pfd (7) Am Writ Pap pf. Am Zincpf..... ! Anaconda (75¢) Ann Arbor pf. .. Arn Cons & Co Asso Dry 4 Asso D 2d (7). Asso Ofl (133) ALTES J AT&S Atl Birm & At... Atl Coast L (18) ArGulf & W, At Gulf & W Ipf Atlantic Refiinin Atlas Powder (4 { Atlas Tac Austin-. Auto Knitter. | Balaw | Bala Loco pf (7) | Bal & Ohio (3).. Ral & Oh pt (4). | Bang & Ar (3). Barnet Leather | Barnsdall A. | Barnsdall B. Bayuk Cigar. | Beech-Nut ‘ Bethlehiem Stee! | Betn Stipf (7). Blumenthal (7). | British Emp 2d | Booth Fisheries. | RK1 Edison (8). ‘ Brk-Man Tran. . Eklyn Man pf (% i ®rklyn Un G (4) Bur Add Ma (3). | Butte Cop (50c) lutte & Superior | Butterick Co.. | Caddo Central. . Cal Packing (8). Cal Pete (1%).. Calif Pet pf (7). Callahan Zinc. .. i Calu & Ariz (2 Calumet & H 50¢ | Can Pacific (10) . | Case Threshinz. | Case Thresh pf. | Cent Leather. .. Year Are Noted. YORK, De rse of pri et reflected djnstment of specul Despite the high rene per.cent for call mone subsequent advance to 5 bullish operations were vigorously conducted in a number of specialties which moved up 1 to 5 points. However, losses of 1 to 4 points were secattered throughout the list, with Nash Motors breaking 10 points. es approximated 1,700.000 g hatres. The elosing w gent short covering some sharp advance trading, General boosted to 3071 whout 4 points, was lifted more nar) mal and per Ur- about late irregular. brought in the Electric being and then reacting while American Can than 4 points, | Markets at a Glance IW YORK: Stocke—Mixed: Gen- sral Electric at new high. Bonds irregular; foreign issues lower. For- cign exchanges—Firm: sterling at new high and reacts slightly. Cotton Lower; beneficial rains in Texa Sugar t and featureless. Cof- fe uropean selling. heat—Weak: lack Corn—Lower; 1 Cattle—TUneven cady to lower; heavy CHICAG export deman creasing stoc lower. Hogs— receipts. WESTERN MARYLAND CUTS OPERATING COSTS Special Dispateh to The Star. BALTIMORE, December 30.—The Western Maryland Railway made heavy cuts in operating expenses in November, according to its monthly report just made public, the saving totaling $99,823.15, but was unable to wipe out the loss of $174,600.13 in gross, the result being net income for the month of $109,855.02 less than in the corregponding month in 1923. The operating ratio last month was 74.07, against 7239 in November a vear ago. The world cotton supply this year is probably the lar totaling approximately 23,300,000 bales of 479 pounds each, estimates received by the Department of Agri- culture show. The estimates are from countries which produce about 95 per cent of the world crop, and which last vear produced 19,300,000 bales. The five-year average for the pre-war pe- riod was 23,580,000 bales. The American supply, based on offl- cial production figures and trade esti- mates of carryover cotton, is placed at 16,000,000 bales. st in nine years, ROAD’S INCOME DROPS. NEW YORK, December 30.—Novem- her net operating income of the Ca- nadian Pacific declined to $6,029,881 from $6,110,470 .in the same month Jast' year. Gross revenues fell more than $4,000,000 to $15,100,945. Net for 1C Colo | Cent Leather pf. CRRERNJ (+12). Century b (2) | Cerod Pa ) rtain-Teed. .. | Chand Mot (3).. Ches & Ohio (4). & O pf (6 *hicago & Alton hic & Alton pf. > & Iast 111 Chi & E 1Nl pf. Chic Gr West. Chic Gr West pf. hi MII & StP... hi Ml &S P pf. & Nwn (4) & Nw pf (7). PneuT (3).. RI&Pac... RI&PPI(6). R1& Ppf (7). hi Yellow C (4) ile Cop (232) . -Colo (7). Fuel & Iron Colo Sou 18t (4). €] ¢ « C C i o} c C ‘ol Carbon (4).. m Iny (2.50). . Com Solv A (4). Com Solv B. Com Soly rgts airn (3 Consol Cigar. ... Con Clgar pf (1) Con Distributrs. Consol Textlle. . Cont Can (4) . Cont Can pf (7). Cont Mot (80¢). Corn Prod (2) | Corn Prod pf (7) | Cosden Co. . . | € cible Stl (4). Cub Am Sug (3). Cuban Am pf (7) Cuban Cane Sug | Cub Cane Su pf. Cuba Dominican Cuban Dom pf. . Cushmans pf (8) Cuyamel Fr (4). Daniel Boone. .. Davison Chem. . De Beers (88¢) Del & Hud (9).. Del L& W (6).. D &R G Wstpf Detrolt Ed (8).. Dome Mines (2) . Doug Pectin (1). Du Pont (8)... DuPont deb (6). Durham H pf (7) Eastman (8) ... Eaton Axle..... tlec St Bat (5). Emmerson Brat £nd-John (3) Erie Erie1stptf.... Erie 2d pf . Exchange Bf (2 Fairbks (2.60).. Famous 1 (8). Famous pf (8). Fed Lt & T (*7). Federal Mines. . Fed Mines pf (7) Fisher Body (10 Fisk Rubber. ... Fish Rubber pf. Ficischman (74) Foundation (6). Freeport-Texas. Gardner Motor... Gen Am Tnk (3) Gen Asphalt. Gen Asph pf (& Ger: Clgar (8). | Consol Gas (5). . | the 11 months. however, increased nearly $1,000,000 to $33,497,940, while cross dropped almost $10,000,000 to $166,811,983. Gen Cig db (7 ien Cigar pi Gen Elcetric () Because of the a Stock Exchange at present, it in impossible to grt complete closing quotaiions In time for the regular edition of The Star. Final and come plete quotations will be published in tod, Open. High. Lew. Close. 20 651% 90 13 15e 83% 17% 72 13% 41 414 80% 825 28 - 156% 116 192 90% 90 Bk 1% 90t B9 13 12% 15c ldc 36 83% 17% 1% 92 71 16% 13% a4 89% Al 40% 80's 80's 320 324 99 97'% 169 154% 16 118 195 191 235 12% 395 5% 5 154% D 104% 49 52 125% . 124 128% 128% 128 69 92 80 34% 27% 494 107% 61% yBly 97 107 106 a9 6 5 9615 107 106 246 904 51% 89 13 1de 83% 117% 71 14% 116 T8 s 5130 editiom. . High. Low. 1% 11 65% 64% 102 102 43 42% 50% 50Ys 57% 65 2215 21 14% 14 424 29y 88 86% 901 90% 89% 88% 106% 1041 21% 20% 4 70 694 Ba% 33% 93% 914 uz 112 19% 19 5% bl 27 26 93 8674 87 35% 37 42 35 n Gen Elspl (60c). 11 Gen Motors (5). 85% Gen Mot pf (7).. 102 Gen Petrol (2).. 42% Gen Refrac (2).. 50% | Gimbel Broy 57 Ginter Co (132). 21 Glidden Co 14 Gold Dust. 3934 | Gooarich. . 88 | Goodrich pt (7). Goodyear pf. 89 Gdyear prior (8) 106% Granby Consol.. 21% Gray & Davis. 4% Grt North of (5) 70 GrtNor Ore (4). 34% Grt Wstn Su (8) 93% Gt West Spf (7) 112 Greene Canan... 19% Guantanamo... iy Gulf Mo & Nor.. o7 Gu Mo & Npr 6o 93 Gulf St Steel (5) 867% Hanna 1st (7)... 87 Hartman Co (4). 354 Hayes Wheel (3) 364 Homestake (17) 42 ) Househ P (13%) 85 Houston Oil. . Hudson Man. ... Hud Man pf (3). { Hudson Mot (1). Hupp Mot (1)... Hydraulic Steel. 1% { Hydraulic Stpr. 6% Illineis Cent (7) 116% 11l Cent pf (6)... 116% Independ Oil (1) Indian Motorey ¢ Indian Refining. Inland Stl (213). Inspiration Cop. | Interb Rap Tr. { Internat Agri. .. Int Bus Mac (). 116% | Int Cement (4). 53 Int Com &g (2) 38 Internat Har (5) 108% Int Mer Marine. 13 | Int Mer Mar pr.. 44 Internat Nickel. 26 | Internat-Paper. 564 Int Tel & Tel (5) 93 Intertype (v11y) 2 Invincible OI1... 15t Iron Prod (41z). 94 Jewel Tea. .. 20 | Jewel Tea pf..." 103is Jones Bros Tea. 19 Jones & Lau (7). 111% Jordon Mot (). 48% | Kansas & Gulf.. 5 Kan City South. 85 Kan CSopf (4). b67% | Kayser (Juli 261 Kelly-Sprgfield. 181y Kelly Spring 1st 54 Kelly Spring pf. 521 ! Kennecott (3) 65% Keystone T& R. 1% Kinney G R. 86'4 Kresge 8§ (5 35% 17 | Lee Rub & 64% | 40 35 22 16% 106 297 | Lig & Myrs (3).. | Lig & Myrs B (3) Lima Loca (4).. | Loews Inc (2). Loft. . | Loose-Wiles Bis 79 | Lorrillard (3).. 34 | Louis & Nash (6 108% Ludlumy(2)..... 36 McCro (1.60) B.. 93 | Mclntyre (75¢). 1 Trucks (6) 11 yHR&Co. 70 Magma Copper. Mallinson & Co Man El md g (3) Manhat Shirt (3) Maracatbo Oil Market St prior. | Market St 2d pf | Marland Oll. | Marlin Rockw Mathieson Alka. { Maxwell Mot A Maxwell Mot { May Dept St (3). | Alex abd | Miami Cop Aliddle States issouri I ont Fower (4), ontgom Ward. Moon Mot (3)... Mother Lode Mu Nash Mot (i10) ash pf (7) at Acme Nat Biscu | Nat Cloak & Sut at Dairy (3)... at Dept Store Nat Distillers pf at Enamel & Y Air Br (4) Y Central (7). ¥ C 5 YC&S X Dookss ;2 ost Y Dock pf (5) NY NH & Hart. . NYO&Wst (1) N Y Shipbld (2). Norfolk South. . Norf & W (18) North Am (3.40) North Am pf (3) North Pac (3)... Onyx Hosiery... | Onyx Hos pf (7) Orpheum (1%). | Otis Blev (153%2) Otis Steel Owens Bot (3) Pacific Gas (8).. Facific Mail. Paeific Ofl (2). Packard (1.50) . Pan-Amer (4).. Pan-Amer B (4) Panhandle. ... ! Park & Tilford. Paris & Bsta. Penn C & C (4).. Pennsy R R (3). Penn Seab Steel. Peoples Gas (8). 115% Pere Mar pf (5). 72% | Phila Co (4).... 36 Phila & RC& 1. 49% Phillip Morris.. 13% Phillips et (2). & Phoenix Hosjery Vhoenix pt (7). | Pierce-Arrow. . Pierce-Arrow pf Pierce Oil. Pierce Oil pf Pierce Petrol. Pitts Coal. Pitts Coal pf (5) Pitts Stl pt (7).. 1007 | Pitts Term Coal. 63% Pitts Ut pf (120 15% Pitts Ut ctfs 120 15% Pitts & West Va 73 Postum-Cer (4). 99% Press Steel Car. 59% Press Steel C pf. 86 Prod & Refiners 2¥% Pub Ser NJ (5). 69% Public Serv rts. 26% Pullman Co (8). 147% | Punta AlSu (7). 39% Lure OU (1%). 29% { Radio Corpof A 57 Radio-C pr (332) 49% Ry Stl 8pg (8).. 135 Ray Cons Cop. 17 Reading (1) 4 | Reading rts. 225 | Reading Ist (2). 38% Resd 2d pr (2).. 40% 105 8% 55 16 63'% 104 8% 53 15% 62% 624 215 34% 1% 245 47 1% 1165% ‘1141 2% 2% 36 48'% 1% 865 8 874 i4 50% % 24% St 484, 98 160% 100% 63% 63 15% 15% 15% 25% 48% 2 26% 5% 1875 1a6% 40% u9u 29% 2yl 60 56% 49% 495 135 133 17 16% T4 T2 22% 224 B84 88 a0l . NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office \ Close, 11 64% 102 42% 50% b7% 22 4% 42 87 90% 89 104% 20% 4% 694 _ d@ividends are pot included, . {|reports | Senulte (8). | Shell Union (1). | South Port S (5) | Superlor St1 (). | Un Tak Car pf (T Utd Ry Inve ! West Maryland. BOND PRICES DRFT TOLOWERARSS Foreign Group Extra Weak in Day’s Trading—Rails Move Very Little. BY GEORGE T. HUGHES. Special Dispatch to The Star. EW YORK, December 30.—Unfa- vorable news from abroad today caused forejgn bond prices to give way further. All the French lssues ] were weak. TFrench T%s got down well below 99, French 8s at 103% were off three-quarters of a point. Depart- ment of the Seine 7s opened at 881, { off half a polnt, and there was a fur- ther fractional ioss in the new French 7s. The new German 7s reacted to 93, in sympathy with the French. The new Greek 7s were quoted only one- eighth above the offering price, not- withstanding the enthusiasm with which they were first greeted. Among the Mid-European issues Czechoslo- vakian 8s were especlally heavy. Other Bonds Weak. Part of the selling was undoubted- 1y due to the weakened technical po- sition following the closing of the syndicate which handled the French 7s. This, however, does not explain the weakness in other French issues. The truth of the matter is that in- vestors have been disturbed over the from the other side about the finding of concealed arms in Ger- many and the refusal of the allles to evacuate Cologne. This, together with the agitation in America over the French war debt, brought about the selling. Under the circumstances the market took the liquidation very well. A few forelgn issues stood out against the trend. There was a rally of a point or more in Chinese. Rail- way 5s. United Kingdom 5is of 192 made a new high, Keeping up w sterling exchange. South American bonds were firm except the Brazil $s, which were off fractionaliy. ibertlex Shade Lower. High-grade investments were un- avorably Influenced by the harden- i {ing in the money market. Liberties |were a shade lower, the second 4% | and the first 41, being sold the most. {New York Central 53 sold below 99 and _ Oregon-Washington Railroad and Navigation 4s below 52. More or less the same tendency was ob- servable in the middle and second grade bonds. Speculative railroad issues were little changed. Chesa- peake and Ohlo convertible 58 went up with the stock, but elsewhere in the list many of the recent specu- lative favorites were lower. Traction bonds were reactionary, instances being Brooklyn-Manhattan Transit 6s. Interboro Rupid Transit 6s and Third Avenue Adjustments. Among the industrials there was | good demand for Virginia-Carolina 78 and for the Tis with warrants. mington Type 54% Kemingtn 1s Reploglé S Rep Ir & : Rep I & Spf (7). Reynolds Sp (1) ¥ Tob B (3).. Rossia Ins (6) St L& § Sti.SanF pf (6) St L Southwest. SUL Swn pf (3). vage Arms aboard Air L. Seabd Air Lopf. . Sears-Roebk (6) neca Copper . Shattuck-Ari B Un pf (6) Sher-Wil pf ( mons (2 Sou v Warner (5 Stromberg (6) . . tudebaker (4). Submarine Boat uperior Oil. Sweets (new) Telautogravh. Tennessee Coppe Co ( = ex G Sul (+ Tex & Pacifl Tex & P'ac C Tide Wat Oil (4) Timken (73%).. Underwood (3). Un Bag & Paper Cnion Oil (1.50) Un Pacific (10). Un Pac pf (4)... n Tank Car (3) Utd Alloy Steel. Utd Cigar (13%) United Drug (6) Utd Fruit (10) .. t Inves pf. t Iron P tributing U S Hoff (500). . U S ind Alcohol. Realty (8). U S Rubber. . U S Rub 1st (8). U S Smelting. U SSteel (7). U S Steel pf (1) U S Tobacco (3) . Universal Pipe. . Univer P pf (7). Utah Copper (4) Utah Securities. Vanadium. Van Raalte... .. Van Ralte 1st (7 va-Caro Chem Va-Caro Ch pf.. va-Caro Chem B Va Ry & Power. Vivadou. 3 Wabash. . . Wabash pf A \\'ahlnhrl':(“B 5 Waldorf (1%). Webber & H (1) West Pen pf (1) W Pa Pow pf (¥ 67% s 2 b6 89 13 17% 941, 103% 1% 42% 32 85 114% 21% 39% 18% 18 944 103% 14% 234 38% 85% 115! 1% 15% 29 28% 0% 1% ™ 191 10% 76% 123% 9% 20 43% 565 29 18% 17% 94y 108% 135 22 331, 8544 115% 0 15 284 279 69% 1% 7 19 104 5% 123% 8% 19% 45 West Md 2d pf.. Western Paclfic. west Pac pf (6). West Union (7). uinghle‘:‘(:)- Wheel & L Erle. Wheel & L E pf. White Eagle (2) White Mot (4). - Wickwire Spenc wWikson & Co. ..« wilson & Co .. Fillys-Overland Wills-Over pf. . Woolworth (3). ‘orthington. .- ‘: ‘;;:ht Aeragl) 184 wrigley (5h) B .y eliow Cal }'ounll_l'n S&T. 69% 27% 69% 1% 7 19 104 5% 1224 6% 17% 4% 88 8iy. 37y 70 . 69% 70 in preferred stock. in the sbove table nual cash payments based on the ot quatterly of WAIF-searly- declarations, otherwisa noicd. | ©3a ek . epecial Tnlexs | Denver Gas ON NEW YORK "' Received by Private Wire UNITED STATES BONDS. (Bales_are in $1,000.) Bales. High. Tow. Close. 1123 100-80- 100-27 100-47 92 101e15 101-10 101~ Lib 2d 4%s...1448 100-28 100-20 100-22 Lib3d 43s... 886 101.8 100-31 101-3 Lib 4th 4%s.. 528 101-21 10117 101-21 US481944... 132 100-17 100-13 100-15 US4%s1952. 39 104-20 104-17 104-20 FOREIGN. Bales. High. Low. Close. 95% 95 95 9% 95 95 102 101% 101 97 964 964 8% 87% 8T% 9215 91% 92 109~ 108% 108% 107% 107% 107% o 1t 924 925 92% 83% 83l E3% 82y 82 82 103% 103% 103% 9615 96 96% 1005 10015 100% 101% 101% 101% 102% 102 102% 1024 102 106% 106% 42 424 90% 91 9415 94% 961 96% 98 98 98% 98% 109% & . 99% 109 9214 Lib 3%s. Lib 1st 4%a.. Argentine 6s A. Argentine 6s B. Argentin, Austria 7., . Belgium és wi.... 299 Belgium 6%s wi.. 17 Belglum 71, Belgtum 8s Berne 8 Bollyia 8s. Bordeaux 6 Brazil 7s. . Brazil Ti3g Brazil8s......... Canada 6s 1926 Canada 5s 1931, Canada 5s 1952. Canada 5%s 1929 Chile 83 1941... ... Chinese Gov Ry 5s Con Pow Japan 7s. Copenhagen 5%s. Cuba 5%s Czecho 85 1951.... Czecho §s 1952 ct. . Danish Munic §s A Denmark 6s. . Denmark 8s. . DE16'%s Mch DEI5%s Nov Dutch East I 63’4 Dutch East I 65'62 Finland s f 65 1945 Framerican 7%s. . French Tsw i . French Govt 7135, French Govet 8s.. Greek 7s wi. Haltl 65 Z Holland-Amer s . Hungary 6%s. Japanese 4s. . Japanese 645 Jergens U M 6: Lyons6s..... Marseille 6s..... . Mexico 4s '04 asntc exico 55 assented therlands 68’5 therlands 6s " orway 631943, orway 65 1944 orway 6s 1952, Norway 8s. o Orient Dev deb 6s. Paris-L; Paris-Ly" Paris Orleans Prague Tt Queensland 6s. ... Rio de Jan 85 1946 Rio de Jan 8s 1947 Rio Gr Do Sul 8s. . 8a0 Paulo City 8s. Sao Paulo State 8s Seine Dept of 7s Serbs Cr'tes Slo 8« Solssons 6s..... 47 834% 100'% 103% 98 97% 100 103 7% 97 97y 2T 112% 112% R34 R T4 8% 87T 8T% BT% 874 904 91 102 102 93 94 93 93 941”7 9414 99 9 101 101 7 8B4 88!y 5 Bb4 82 83 881, 984 104 104 3 100 100% 116 116 115% 1158 Sweden fs. ... Swiss 5326 1945, Swiss Confed 8s Ud Kingm 5% s " Ud Kingm 5183 1047% 104% Uruguay 8s....... 106% 106 MISCELLANEOUS. Ajax Rubber 8s 9614 Am Agr Chem 7 504 AmSmkt & R 1st Am Smit & R s Am Sug ref 6s.... Am T & T cltr ds AmT& Teltrbs.. Am T & Tdeb 5l AmT&Tcvés. .. Am Water Wks 5. Am Writ Paper s Anaconda 1st Anaconda cv db 7s Andes 7s 25% pd Armour & Co 44 Armour of Del & Associated Oil 6s Atlantic Refin 3s. . Bell Tel Pa5s..... Beth Steel pm os Beth Steel rf 5s Beth Steel 5328 Beth Steel s f 6s. Brier H St 1at 5 96l 95 95% 103% 995, 963 100% 101% 125% 9644 95% a5, 1035, 29 9674 1005 102 125% 92 46 8015 10215 100 85 0 M Central Leather 53 Chile Copper 68 CInGE5s’s Col Gas & E13s... Commonyth P 85 Con Coal Md 1st 5 onsumers Pow Cuba Cane ev 7t Cuban-Am Sug Ss. Cuba Cane cv d Ss. Dery (D G) 7 ornwiie=aBacms wnGlBREanaBed fis 5 G th o Det Edison 5s "40. . Det Elison ref Du Pont de % Duquesne Light 6s 10 st Cuba Sug 7%s. 18 Empire G& I Feder Metls Fisk Rubber s ioodrich 61s. .. odyear 8s 1931 odyear 8s 1941 Hershey 6s 19 P Humble O&R 5%s Ilinofs Bell Ist 3. Iinois Steel 414s. Indiana Steel Int Mer Mar Inter Pan KCP & Lt Kan G & Keyser (1) Ts... Kelly-Spring 8s Lackawa S 5= Liggett & M. Magma Cop cv Ytanati Sug st Marland O 7135 Marland Of] 8s Maxwell Motor Midvale Steel Montana Pow 6s.. Mor's&Co 1st 4%, © N SaSavoumniuane Sewaunanid Eng Tel 55 N Y Eden 1st 6125 EL H&P 4s. . VA AN E RO North Am Ed 68 North Am Ed § Nor States Pow 5 Northwst B Tel 7s. Otis Steel Tl4s. Otis Steel 8s. . Paclfic Gas & El os Pae Tel & Tel 5 PacificT& T 5 Pan-American 6s. Pan Amer Pete Ts. Phila Co 52s'38. Plerce-Arrow 8s. . Public Service 5s Pub Serv Elec 6 Punta Alegre Saks & Cos Sharon St1 H 8s Sinclair Ol 6gs. Sinclair Oil T . Sin Crude Oil 5%s. Sin Crude Oil 6s. Sin Plpe Line 5s. South Bell Tel 58 So Por Rico Sug Ti Southwest Bell 5 Steel & Tube T8 Sug Est Orient Tenn Elec Pow 6s. Tide Wat Oll 6%s. VUnion Bag & P 6= U S Rub 1st rf &s. U S Smelter 6s.... U S Steels f 5 Utah Pow & Lt Va-Car Chem 7 Va-Car Ch7issw 37 ner Sug 7s’39. 2 Warner Sug 7s'41. West Elee os. Westinghouse Wickwire Spen. Willys-Ov 6%s'35. Wilson & Co 1st 6s Wilson & Co v 61 Wilson&C ov 7158, SHiEynEAT G - P RARS ek Direct to The Star Office. RAILROADS. Sales. High, 13 82% 14 88% 3 1 26 3 17 27 .21 Atchison adj 45 Atchison Gen Atlantic C Lcl 4s Atlantic C L st 4s B&Oprinsys B & O gold 4: B&Ocv4k%s. -B & O ref b Balto & O 1s B&OS6 . 81 B&Orfimpés 38 Bklyn-Manhat 6s. 113 Buff R& Pitt 4%s. 1 Canad North 6%s. 25 Canada North 7, 10 Canada Pac deb 4s. 9 Car Clinch & O §s. 20 Car Clinch & O 6s.. 5 Centof Ga 6s...... 1 Central Pacific 4s. Ches & O cv 4345 Ches O gn 41 15 Ches & Ohlo cv 53. 389 Chi & Alton 3s. Chl & Alton 3%s Chi B&Q gn 4s '58. Chi B&Q 1st rf Gs.. Chi & E1gn 5s Chi Great West 4 C M & Puget Sd 4s. Chi M & St P 4525232 CM&StPdb4s... 64 CM&StP gn 4s°'83. 2 Chi M&SL P cv 4355 82 CM&StPgndls 5 I M&St Prfdles 12 Chi M & Bt P cv 5s. 58 ChiM&StP 6s... 6 17 Chi & N W ref 55 Chi & N'W 638 Chi Rys 58 TH&SESs.. 2 Unien Sta 5s. hi Un Sta 6%s ni W Ind 73s CC & St L rf 6s Cleve Term bs w i. Cleve Term 53;s. Cuba RR Tis. Del & Hd Ist rf 4s. Del & Hudson 51:s Den & Rio G cn 4s. D & Rio G imp bs. . D& RG Istrf 5s Des M & Ft D 4 Det United 4%s Erie gen 4s. Erie conv 4s A Erie cony 4s B. . Erieconv4sD. Erie con ext Ts.... Gr Trunk =f db 6= Grand Trunk 7s... Great North 3s. Gr North 515 Gr North gen 7s. Havana ERL&P Hud & Man ref Hud & Man aj 5s. . 111 Central ref 4: 111 Cent ref 55" 111 Central 53s. Int Rap Tran 5s. . Int Rap Tr 5s stpd. int Rap Tran s Int Rap Tran 7s. .. Int & G Nor Ist Gs. Int & G Nor aj 6s.. Towa Cent rf 4s. Towa Cent 1st 5 Kan City Ft S 4s Kansas City S 3s. . Kansas City S 3s.. Lake Shore 4s'28 Lehigh Val cn 4s.. 3 Louis & N uni 4s.. 2 Louis & Nash Ts... Man Ry 2d 4s 2013, M & St L 1st ref 4s. M StP & SSM cn 4s M StP & SSM cn 5 M StP & SSM 6 MK & T st 4= MK&T4sB MK & T adj 5 MK & T prIn 5 MK&TS§sC. Mo Pacific gen Montrl Tm 1 5 0Tex & Min 5s. N O Tex & M5s B.. NO Tex & M 5%s. . Y Cen gen 31is Y Cent cn 4s'98. Y Centrids..... Y Cent deb 6s. . Y Cen LS cl 3%ps. Y C & StLab 4s. Tola T 48 ctfs adj 5s ot v State Ry 41 NY W & Bos 4 Norfolk & W cv orthern Pac Ore Shost Liref 4s. Ore-Wash Ist rf 43 Pennsylcon 414s. . Pennsyl gen 412s. Pennsyl gen 5s Pennsyl 6125 Pennsyl gold : Pere Marg 1st §s. . Por RL & P 6547, Reading gn 4%= Rio G West cl 4 RIArk&La% Soma ooy YIS i tet-3 1 » F inc 68 MesC.. con 4s’ San A & Arn P 4s.. Seab'd A L.adj 5s.. Seab'd A L con bs.. Sou Pacific ctl 4s.. Sou Pacific 45'29... Sou Pacific ref 4s... Southern Ry gn 43 Southern R Southern Ry 635 Sou Ry Mobile 4 Term Asso St Li4s. Texas & Pac 1st b3 Third Ave ref 4s | Third Ave adjbs. . & Tol St L & W 3%s. Tol St L& W 4s.. Union Pac st 4s | Union Pac Ist rf 4s Unfon Pac 4s Un Pec 1st rf 55 Unlon P'ac cv 6 Virginia Ry st 5s.. Va Ry & P 1stbs. . Wabash 1st 5s. Western Md 4s... . Western Paclfic 58 West Shore 1st 45. cel & L E cn 4s. Wisconsin Cent 4s. 10 90% 2 824 2 2% 5 80 | FIRST DIVIDEND VOTED ON U. S. RADIATOR STOCK By the Associated Press. NEW YORK, December 30.—Di- rectors of the United States Radlator Corporation today inaugurated divi- dends ‘on. the common stock at the annuul rate of $4 a share by author- izing a gquarterly payment of $1. An {nitigl dividend of §2'a share covering 1924 also was declared. Directors of the F. B. Stearns Co. today Treduced the quarterly div- Idend rate on the common stock from 50 cents to 3713 cents a share. A AU EXTRA DIVIDEND VOTED. NEW YORK, December 30.—The Hurley Machine Co. foday declared an extra dividend of 25 cents and the regular quarterly disburse- ment of 3100 a share, both payable January 15 to holders of record Jenuary % 4| CcToD in FINANCIAL INTRADING TODAY Corn Receipts in Excess of Requirements Also Make That Grain Weak. By the Associated Press. CHICAGO, December 30.—It took only scattered selling to start wheat prices downward today. Then with but little delay the declines were ac- celerated by standing orders that holdings be unloaded at various defi- nite limits in order to stop losses. Buying meanwhile lacked volume until prices had suffered a setback of 2 cents or more under yesterday's finish. The opening, which ranged from 7 decline to ' ,advance, with May 1.78% to 1.79 and July 152 to 1.52%, was followed by a gneral drop interrupted by brief transient rallies. Corn receipts piling of immediate requirements had a berish effect on corn and oats. After opening 4 to % lower, May 1.29% to 1.30, the corn market continued to Sag. Oats started at % to % off, M 6413 to 64'%, and underwent an add tional setback. Provisions were weak, sympathiz- ing with the action of grain and hog values. 1 up in excess December, May . July. OATS December . May July, LY B December May July Lol N QUOTATIONS Keeps Prices Advancing. From | B t1ie Associated Press ! NEW YORK, December 30.—The « | cotton market opened steady today at a decline showed under tor elling was promoted by reports that incomplete returns from the De- ent of Agriculture pointed to a | world’s crop of slightly over 23,000, 1000 bales. the largest in nine | vears. There also wus comment of \ore favorable weather | the =oil in condition for the next e South, but after for March and 25,07 of 1 net losses o further reali to ing 4 to or and soor 9 points liquida- {off to 2 or | May, pric {on covering and a le trade buying. January notic estimated at 6,50 bales, had no apparent effect on the early market. as spot houses bought January against sales of later months. Prices in New Orleanx. NEW ORLEANS, December The cotton market opened steady de- | spite slightly lower Liverpool cables | than due and an easy opening at New York. First trades showed gains of 1 to ® points, with March at 24.79 and May at 23.05. The market eased off slightly right after the call to 24.66 for March and 24.96 for Ma or 0 to 13 poin down from the | sales. here was no news to account for the easier trend except the con- tinuation of realization. Dry markets were firmer. ed considerable rain, and the forecast called for more unsettled and rains in the next 24 hours. ‘Washini;ton Stock Exchange SALES. Traction Co.—10 at 913 017, AFTER CALL. 40 at 91% c Elec. Lanston' Monotrpe—10 at Money—Cali loans, 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4s.. elga. 41 tr, as Potomae Fiec. Pot. Elee, Pow. £, <h.. Alex. & L Ale: MISCELLANEOUS, D. €. Paper Mfg. Pot. Jt. Stk. L. Riggs Realty 3s (long).. Riggs 3 (short Southern Bldz. Blas..... .. Wash. Mkt. Cold Storage Wardmau Park Hotel 6s.. PUBLIC UTILIT NATIONAL BANK National Capital....... Columbla, 5 Commercial District . : Faimers ‘& Mechanics’ Federal-American TRUST COMPANY American Security & Trust | Continental Trust.. Merchants’ Bank. Natlonal Savings & Tnfon Trust ‘Washington Seventl: _Streef United States. Washington Mechani American Corcoran Firemen' National TITLE INSURANCE. Columbix_Title. Real Estate Titie. Mercha Mergentbaler Linotype. Natl. Mtge. & Invest Old Duteh Market com. Old Dutch Market pfe Lanston Monotpe. Security Rtorage. Washington Market. Yellow © dividend. HOLD VERY STEADY | Largest World Crop in Nine Years | s steadied up several points | goods | The map show- | weather | . | Montre “ | Vienua, ONDS soasseuner] \WHEAT SELLS OFF [BASCOMPANYNET - GOES UP $705,144 Eleven Months’ Figures Dis- close Paring of Expenses Over 1923 Period. BY CHAS. P. SHAEFFER. Net income of the Washington Gas Light Co. for the 11 months of 1324 shows a gain of $205.144 over the corresponding period of last vear. The net. as revealed by mon statements submiited to the Publfo Utilities Commission, amounts for 1 o 3738982, as compared with 838 for the same period of 19 Revenues of the company for the accumulated period fail to show ap preciable gains. Rather, the net was Increased through the medium of lessened expenditures. This was ac complished, a survey of the reports shows, primarily through huge sav ings in the cost of generator fue |and water gas oil Net monthly income pany for the period, as the same months of 192 of | January February August September October November $738.952 $33.80% November's net amounted to $80,543, @ gain of approximately $13,000 over November of last year. Operating revenues amounted to $428,741, with expenses aggregating $257.403. Inte €st deductions for the month amount ed to $42, The net for Light Co. vember. the - Georgetown amounted to $6,571 Test New Teller Counter. A radical methods Federal departure s being giver American Nati teller's windows in |have been removed, together | the grill work, and a temporar. jter has been supplanted. It | ticability provec | will probably be inst: |new bank building ing constructed The counter was conceived by W mer J. Waller, a vice presi 1m~]fin¢“( e | institution ledze or outside on which other on t teller's co top of the counte partition len, one of the cage s pra ovat d through t ch is now | 1 cor the one used as a cou fill out bank pape inside to be venien « heavy glass high. which running the | on the e nter narrow th of the is opening counte changed he vutting | easing | pres hours, no a certain nu service rush limitec to d nber of wind Trading on Local Board. | featured today's | Washington Stock Ex-#iange. ing to 78, but ea off to | the 1ast sale of the A 150 shares char hands, strong through >nal | gage and Investmen eferred 110 the extent of 200 s | 20 shares of Railw fat a rising leve [ 2 gai Capitz er at 91 Light at Again { Railwa any bid f The n M rotype st ion on ed Bein Mo: ne bei | | | iught Mr the and editor of last two that time the a ha! | he was co-ed way Journal and edit portati SHORT-TERM SECURITIES. o8 fuzaished b5 Redmond & Co ~—Noon oo TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Noon.— Ofter, 1001, 100 123 Bid. L4s Maren 100 S%s Mureh FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co) Nominal Selling checks old vate. today $18665 $4.731, T 183 Londan, pound Parls. Rruscels Berlin, 05411, mark...... ira... franc arachma pes Rudapest, Prague, Warsaw, zlots penhagen, crown.. ristiania,” crown Stockbolm, crown. NEW STOCK ON MARKET. NEW YORK, December 30.—~New offerings today included ,000 shares of Birmingham Electric Co. cumula- tive preferred stock, no par value, at $98 a share and accrued dividends, o yield 7.14 per cent. The stock pays dividends of $7 a year. The compan: does virtually the entire commercial electric, zas and street railway busi- ness in Birmingham, Fairfield and Bessemer, Ala., and electric or railway business in adjacent communities. Rreote 1919 L0180 Madrid 10000141y WILL PAY OFF NOTES. NEW YORK, December 30.—T! Standard Oil Co. of New Jersey will pay off $30,000,000 of 7 per. cent notes on January. 2.