Evening Star Newspaper, January 2, 1925, Page 28

FINANCIAL RALROAD SHARES LEAD SHARP I Oils Also Move Rapidly. Many New High Marks in Specialty List. BY STUART P. WE Special Dispateh to The Star ] NEW YORK, January 2.—Railway shares came to the front in the stock market tc while heavy realizing went on throughout the industrial list. Profit-taking in this quarter was active following the opening burst of strength. Although the as a group were more promines did not mean that there was sation of operations the rise the industrial shares, for many them went to high records 011 Shares Start to M 1y began to sat- tions of thelr many t through re- with a for new The oil shares fina Onee they & h points they we The buying w st weekly state duction, Show ment on crude & a sgood sized i two well sden Talk | ru 1 dividend accompanied the rd Oil of New Jer- sey e Skelley Oil at 26 was g h tinued vigor- Ofl and e new highs 1-Americans il at 3 rly o Phillips Petrole ot aboy and « up ne upward Barnsdall Marland and and out mon Drops. as it reached its previc ch of 1 neountered a lot of realizing, and fell back a point | There was a fur ctacular fn the railway equipments, with American Car and Foundry at up 12 points from where it was sell- ing at the opening on Wednesday. | Raflway Spring it crossed | 138 registered a new h win Locomotive was up 2 po at one time o yuncement of | ral proposal to | ts holc public utili- | es was evidently discounted. A vio- | lent break occurred in the new Elec tric Bond and Share Co.'s stock, dealt in over the count fe itself came down v ruptness. Great interest in th ries that the poration holdings were ine to be given away tric is a large holder Westinghouse. United Fruit also a substantial block was taken Radio Cor- the next in General Elec of this stock; Day's Big Features. s of the da in Wes accom- Corpora- The latter, around points within less than e big featu simultaneous jump anying th on stock 70, was up a fortnig . Mack Trucks made a new high as it reached 119, and there was a sym- pathetic run-up in White Motors. Haves Wheel, on the discussion of highly fa- vorable earnings, rose 2 points. Indus- 1 Alcohol was up nearly 2, and Elec- tric Storage Battery was taken in hand. Allis Chalmers was helped by the strength in the electric manufacturing issues. Rails Are Very Aective. Southern rallied over a point, Missouri Pacific preferred crossed again and Great Western preferred was very strong above 2. Southern Pacific above 103 was up a point, and so was Unlon Pacific across 150. St. Louis-Southwestern was un- usually active at an advance of over points. Ha Kansas Cit showed inde- pendent strength among the motor accessorfes. Recently it was stated here that speculative interests which had played such a large part in_the upward movement in both Cast Iron Pipe and Worthington Pump were expected to give some of their atten- tion to the market for Hayes Wheel. On Wednesday it showed signs of activity, and today these became more pronounced. The business of the com- pany has made gains in accordance with the general improvement in the automobile and allied industrie Wheel RAILROADS PLACING HEAVY CAR ORDERS B. & 0. and L. & N. Among Roads- to Begin Buying of New Rolling Stock. By the Associated Press. NEW YORK, January 2—The Balt more and Ohio railroad started equip- ment buying in the new yvear with a $13.000,000 order for 5,000 freight cars, 2.500 being placed with Standard Steel Car Co., and 500 with the General American Ca also 2,000 box car bodies from the Pullman Car and Manufacturing Co. Chicago, Burling- ton and Quincy has bought 1,500 cars from manufacturer, and Louisville and Nashville has given an additional order for 1,000 cars to the Pressed Stee and 16 more locomoti rican Loco- motive Co., making a total of 40. FOREIGN EXCHANGE. (Quotations furaished by W. B. Hibbs & Co.) Nom elling checks gold value today. pound 2 84 dollas Tondon, Montre Paris, fra 03415 050113 iy 1400 Vierna, ¢ 00001415 Budape'st Prague By the Associated Press. YORK. January exchan Qu United St irs). Great Britain, dem 4.74% bills mand deman gium cables 4.70% cables cable 04958 olland, de- 151 ; Denmark, de- 1767; nd, demand, spain, demand, .1399; Greece, nd, Poland, demand. 1 ,demand, .0301% demand, .0155%; Austria, demand, Rumania, demand .0051%; Arzentina, demand, .401 Brazil, demand, .1165: Tokio, demand, .38 9-16; Montreal. .99 $3-16. Jugoslay TREASURY CE}&I}"ICATES. (Quotations furmished by Redmond & Co.) 15, 100 21-32 wged by | 4 Acme Coal pf. .. Adams Exp (6) . Adv Rumley. ... Ad Rumly pf (3) Ajax Rubber Alaska Gold. Alaska Juneau. Allied Chem: (4) Allied Cm pf (7) Allis Chalm (4). Am Agricul Chm Am Ag Chm pf.. Am Beet Am Bosch : Am Brk Shoe (5) Am Can (7 n pt (7) ar & F (12) AmC & Fpf (7). na(2). Am Hide & L pf. Am Ice (7) Am Internatl Am La France (1 Linseed. . n Linseed pf. Am Locomo (6). Am Metal (2)... Am Radlator (4) | Am Ry Am Safe . Am Ship & Com. Ref (5) Pt (7) Am Sugar..... Am Sugar pf (7) Am Sumatra. ... Am T & Tel (9). Am Tobacco. ... Am Tobacco (B) Am Typ Fdrs Am Water Wk Am W W pr Am Woolen. Am Wool pfd (7) Am Writ Pap pf. Am Wrt Pap ctfs | Am Zine pt Anaconda Ann Arbor Ann Arbor pf Arn Cons & Co. . Asso Dry G (5) Asso D G 1st (6) Asso D 2d (7) Asso 01l (1 At T & S Fe (6). AT&SFpf (3 Atl Birm & At.. Atl Coast L (18) lAtGuite wr ulf & W I ichola. Auto Knitter Bald Loco pf (7) Bal & Ohio (5) Bal & Oh pf (4) Bang & Ar (3).. | Barnet Leather. Barnsdall A Barnsdall B Bayuk Clgar Beech-Nut (3 Bethlehem Beth Stl pf (7) Booth Fisheries. British Emp Bkl B Brk-Man Tran. . Bklyn Man pf (6 Brklyn Un G (4) Brown Shoe (4). Burns Bro (10). Butte p (50c). Butte & Superior Butterick Co.... Cal Packing (6). Cal Pete (1%).. Calif Pet pf (7). Callahan Zinc Calu & Ariz (2). Calumet & H 50c Can Pacific (10). Case Threshing. Cent Leather. .. Cent Leather pf. CRRNJ ($12). Cero d Pasco (4) rtain-Teed. .. Chand Mot (3).. Ches & Ohlo (4). Ches & O pf (614 Chicago & Alton Chic & Alton pf. Chic & East I11.. Chi & E LIl pf. Chic Gr West. .. Chic Gr West pf. Chi MI1 &St P... Chi Mil & SP pf. Chi & Nw pf (7). Chi PneuT (5).. “hi R1& Pac. Chile Cop (2%). Chino Copper. Cluett Peab (5). Coca-Colo (7). . lo Fuel & Iron Colo Southern. .. olo Sou 18t (4). Col G & E (2.60). Com Iny (2.50).. Com Solv A (4).. Com Solv B.. Com Solv rgts. .. Congol-Nairn (3 Conley Tin Foil. Consol Cigar. ... Con Cigar pt (7) Con Distributrs. Consol Gas (5).. Consol Textile. . Cont Can (4).... Cont Insur (6). . Cont Mot (80¢).. Corn Prod (2) CosdenCo. . .... Cosden pf (7). .. Crucible Stl (4). rucible pf (7).. Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican “uban Dom pf. . Cuba Railway pf Cuyamel Fr (4). Daniel Boone. .. Davison Chem. . De Beers (88c).. Del & Hud (9) Del L & W (6) D & R G-Wst pt Detrolt Ed (8).. Dome Mines (2). Doug Pectin (1). Dul S S & Atlan. Du Pont (8)..... DuPont deb (6). Duquesne pf (7) Eastman (18) Eaton Axle Elec St Bat (15). Smmerson Brat merson B pf. d-John (5) srie 1st pf Erie 2d pf. Fairbks (2.60). . Famous P1 (8).. Famous pf (8) Fed Lt & T (*7). Fed Mines pf (7) Fisher Body (10 Fisk Rubber. ... Fish Rubber pf. Fleischman (14) Foundation (6). Frank-Si pf (7). Freeport-Texas. Gardner Motor.. Gen Asphalt. ... Gen Asph pf . Gen Baking (6). Gen Cigar (8)... Gen Electric (8) Gen El spl (60c). Gen Motors (5). Gen Mot pf (7). Gen Petrol (2).. Gen Refrac (2). Gimbel Bros 23 September 15 997y, %% Bumber 1b it 4% March 15, 101 1132 235 Beptember 1n, 4%s Maren 15, 1927..°..0 4328 December 15, 1027,a 101 29- Simbel Br pf (7) Ginter Co (1%). GliddenCo.. Alr Reduct (15). 89 Open. .41 91% 15% 50 18% 15¢ L aR . B4 117% T2% Allis Chim pf (7) 104% 154 4444 Am Bk N (+12%) 162 198 124 22% 394 5% 107 534 90 80 367 117% 98 107% 93 1307 BT4 86 112% 39 96 64 95% _133% 94 101 334 119 933 4 1494 228, 314 95! 104 31 2% Batdwin L (7). 181% 116 9% 65 89% 2% 79% 72% 961 8% 23% 24 104 287 100 105 24 " 100 48% 52% 93 12 1827% 871y 867 112% 93, 2974 13 69 6 48% 89 b4 T% 46 2314 138% 144 43 112% 13% 16% 4 140 9419 105% 111 15 66 2% 15 70 324 147% 96% 820 11 66% 108% 43% b63% 56 106 244% 79% 3% 76% 4% 69 106 8% 40% 26% 83 74% 198 20% 18 58% 6 43% 89 54 % 45% 234% 187% 142% 42 112 13% 16 4 139 94% 106% 110% 15 62% 2% 15 69 31% 45% 43% 324 97% 107 116% 61% 239 13% 85 86% 91 104% 10% &Y% 6215 100 145 9614 312 11 65% 102% 421 53 55 105 24 143 Gold Dust. Goodrich. Goodyear Df.... Gdyear prior (8) Granby Consol. . Gray & Davis. .. Grt North pf (5) Grt Nor Ore (4). Grt Wstn Su (8) Gt West Spf (1) Greene Canan Guantanamo. Gulf Mo & Nor-. . Gulf St Steel (5) Hartman Co (4). Hayes Wheel (3) Hayes W pf (73 Homiestake (7) Househ P (3%) Houston OIl. . Hudson Man Hud Man pf (5). Hudson Mot (3). Hupp Mot (1). .. Hydraulic Steel Illinois Cent (7) Independ Ofl (1) Indian Refining. Inland Stl (212). Inspiration Cop. Internat Agri. .. Int Bus Mac (8). Int Com Eng (2) Internat Har (5) Int Mer Marine. Int Mer Mar pf.. Internat Nickel Inter Nick pf (6) Internat-Paper Int Ry CA pf (5 Inter Shoe (5) Int Tel & Tel (6) Intertype (illz) Invincible Oil Jewel Tea pf. | Jones Bros Tea. Jordon Mot (3) . | KCP & L 1st (7). Kan City Whi (6). Kennecott (3). . Keystone T & R. Kinney G R Laclede Gas (8). Lehlgh Val (3 Lima Loca (4) Loews Ino (2). . Loose-Wiles Bis Lorrillard (3).. Louis & Nash (6 Ludlum (2)..... Man El md g Manhat Shirt ( Manila Elec (n) Maracaibo Oll. .. Market Street Marland Ofl...... Martin-Parry 4. Mathfeson Al Maxwell Mot A, Maxwell Mot B. May Dept St (5) . Metro G pf (1.89) Mex Seabd (2). Miami Cop (2). . MidInd Pr pf (8) Minn & St Louis MinStP&SS Mis Kan & Tex. MK&Tpt(5).. Missouri Pacific Missourl Pac pf. Montgom Ward. Moon Mot (3). Mother Lode 750 Nash Mot (10). Nash pf (7).... Nat Biscuit (4) Nat Dairy (3). Nat Dept Stores Nat Distillers pt Nat Enamel & S at Lead (8).... Nat Ry Mex 2d Nat Supply (3).. evada Copper. . N Y Air Br (4). N Y Central (7). Y CStL (6. Y Dock pt (5). Y NH & Hart.. NYO& Wst (1) iagar F pf1%. orfolk South orf & W (18 North Am (3.40 North Am pf (3) North Pac (5)... Orpheum (1%). Otls Elev (15%) Otis Steel... Owens Bot (3) Pacific Gas (3) Pacific Mail. ... Pacific O11 (2).. Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Park & Tilford.. Penn C&C (4).. Pennsy RR (3). Penn Seab Steel. Peorfa & East. Pere Marg (4). Phila Co (4). Phila & RC&I. Phillip Morri: Phillips Jones Phillips Pet (2). Plerce-Arrow. . Plerce-Arrow pt Pierce A prior 8. Pierce Oil... Pierce Oil pf. Pieree Petrol Pitts Coal Pitts Stl p Pitt Tr Coal pr Pitts Ut pf (1.20; Pitts & West Va Porto Rico Tob. Postum-Cer (4). Press Steel Car. Press Steel C pf. Prod & Reflners. Pub Ser NJ (5). Public Serv rts. Pullman Co (8). Punta Al Su (5). Pure Ol (1%). Radi6 Corp of A. Radio-C pf (3%) Ry Stl Spg (8) . Ray Cons Cop. Reading (4). Reading rts Reading st (2). Read 2d pf (2).. Remington Type Replogle Steel. . Rep Ir & Steel. . Rep 1 &Spf (7). Reynolds Sp (1) Rey Tob B (3).. Roy Duth 4.42% St Joseph Ld (2) StL & San F (5) St L Southwest. StL Swn pt (5). Savage Arms Schulte (8) Seaboard Air L. Seabd Alr L pf.. Sears-Roebl (6) Seneca Copper-. . Shell Trad (2.06) Shell Unfon (1). Shell Un pf (6).. Simmons (2)... Simms Pet (50¢) Sinclair Oil. . Stnclair pt (8)... Skelly Oil....... Sloss-Sheff (6) South Pac (6).. Southern Ry (5) South Ry pf (5). Spicer Mg..... Std Gas & E1 (3) St Oil Calit (2) StONNJ (1) St Ol N J pf (7). Std Plate Glass. Sterling Prd 5% Stew Warner (5 Stromberg (6) Studebaker (4). Submarine Boat Superfor Oil. ... Superior Stl (3). Sweets (neW) NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 108 36% 16 28% T4% 31% 2% 47 23% 9 198 104% 73 42 3T% 53 33 160% 2% 613 16 56 117% . 125 55, 30% 25% 29 24% 130% 42% 46% 69% 27% 90 10 4% 108 9 54% | Fren |been so great. Fr | at one time up 2 points from Wednes- | 2.00. D. ©., FR Recelved by Private Wire Direct to The Star Office. FINANC VIGOROUS ADVANCE | [oxzev vore BONDS sroexsxcunce] | YEAR IN GRAIN PIT | IN BOND MARKET Foreign Issues Reflect Im- provement in Debt-Fund- ing Situation. BY GEORGE T, HUGHES. Special Dispatch to The Star. NEW YORK, January 2.—Recovery fn the forelgn group was the feature Whether it was more been completed, same. Prices both Fre French advanced | of today's trading in bonds. favorable from abroad or whether it was the fact that sales by timid holders had the result was the sharply in ch and German issues. which were originally of- The fered at 94 and which after the disso- lution of the syndicate got down to 91%, sold up more than Ties, 98% on point today. which went as low as Wednesday, advanced more than a point from that figure today. German 7s Gal There was a smaller gain in the French $s but here the loss had not h Cities 6s were day's close and the Paris Lyons and recovered s which Mediterranian 6s and 7s about as much. The German early in the week sold above 94 today. Belgium 72« rallied frac Hungarian 7les, Prague Tiss and were in better Kingdom 5las of high record of sterling exchange. In American, Brazil Brazil T'%s were higher on oIl 6 spec best demand Skeily domestic today the ative bonds. previous high were down to 93, Belgium 63s and onally. City of Czechoslova Greater 8s United 1929 excelled 1924, going up the were lower Bonds Active, the with outh but i85 was the feature of Before pric since dealings were begun in this is- sue on the exchange was 107%. day the up above this figure are convertible into bonds sold nearly To- 2 points These notes stock at the rate of one share of par value of principal $25 for each of amount of the notes. Trading was ver the active. stocks. Among the and Magma 7s were bonds were steady. Other oil bonds improved in sympathy with oil coppers Chile 6s strong. Sugar M. K. & T. adjustments resumed their leadership with a rise of over a point ie convertible “D" 48 did better, and Chesapeake and Ohlo convertible with had a s kept Railroad step Tizs the stc special ck. Cuba move, gaining 3 points on a single string of transactions. Changes were irregular States Government nigh-grade rails in United loans and in the GRAIN AND PROVISIONS. BALTIMORE, White potatoes, January 100 Sweet potatoes, barrel, 3.00a6.00. bushel, barrel, 4.00a5.00. Beans, 2 (Special).— pounds, 1.00a1.50. Yams, 3.00a 5.00. Beets, 100, 4.00a8.00. Broccoli and kale, quart, Savo 26.00. Celery, bers, crate, bushel, 15a25. Cabbage, bushel, 60a85. Cauliflower, 2a3; bushel, 3.0086.00. Onions, Oysterplant basket. 60a75 Peppers, crate, 4.00 barrel. 4.00. Squash, Tomatoes, _crate, basket, 60a75 Apples, packed bushel, 75a2.00. 7.00. box, 3.00a4.00. Selling Prices Wheat— port, 1.83; crate, crate, 1.75 3.00a6.00, Lettuce, 100 pounds, barrel, No. 2 50a73, Brussels 100, Carrots, 100, 8.00a10.00. Peas, hamper, 3.0024.00. 00. Spinach, crate, 4.00a6.50. sprouts, 4.00a6. 100, 4.00 2.50a3.00. Cucum- Parsnips, 0; 4.00a5.00. Turnips, 2.00, 7.00; Cranberries, box, 6.00a Grapefruit, box, 1.75a3.00. Oranges, 2 red Winter, spot, ex- red Winter, spot, domestic, 1.88; No. 2 red Winter, gar- licky, domestic, 1.88; No. 3 red Win- ter, garlicky, no quotation. Sales—None. Corn—Cob, new yellow, spot, 6.00 per barrel; track corn, yellow, No. 2, new, No. 3. no quotation. arby, 1.15a1.25; Receipts none. No. 3 66a661; asked rye, Demand for hay shows some improvement, but is centered entirely upon the better de- scriptions of timothy and light clover mixed. oversupply on spot. grade hay of which grades there is no Medium and low is In ample receipt, and poor and weedy.and grassy mixtures are hard to move at any price. Quotations 19.50a20.50; today—No. No. 3 timothy, 1 timothy, 16.00a 18.00; No. 1 light clover, mixed, 18.50 219.00; N 1 clover, 15.00 . mixed, Yo. 2 clover, mixed, 15.00a16.00. 0a Straw—No. 1 wheat, 12.00a13.00 per ton: No. 1 oat 13.00214.00 per ton. Telautograph.. 13% Tennessee Coppe 9 Texas Co (3). 43% Tex G Sul (1715) 108% Tex & Pacific... 44% Tex & PacC &0 12 Tide Wat Oil (4) 130 Timken (13%).. 38% Tobac Prod (6). 70% Tobac Prod A (T 98% Transcont Ofl... 4 Twin City (4)... 63% Underwood (3). 40 Un Bag & Paper 43% Union Oil (1.80). 87% Un Pacific (10).. 149% Un Pac f (4)... Td% Un Tank Car (5) 122% Utd Alloy Steel. 28% United Drug (6) 120 Utd Fruit (10).. 218 Utd Ry Invest.. 26% Utd Ry Inves pf. 60% U S Cast Iron P. 169 U S Distributing 38% U S Ind Alcohol. 86 U S Realty (8).. 123% U S Realty pf (7) 1224 U S Rubber 40% U S Rub 1st (8). 95% U 8 Smelting. 38 U s Steel (17 120% U S Steel pf (7). 122% Universal Pipe.. 46 Univer P pf (7). 79 Utah Copper (4) 87% Utah Securities. 43% Vanadium...... 81 Va-Caro Chem. - 2 Va-Caro Ch pf.. VIvadou........ 8% 8% ‘Wabash. .. 21% 22% Wabasnh pf A. 58% Waldortf (1%).. 18% 19% Webber & H (1) 18 18 West Pen (4)... 118% 119 West Pac pf (6). 854 854 West Maryland. 14% 16% West Md 2d pf.. 28% 24% Western Pacific. 344 34% West Union (7). 116% 117% Westinghse (4). 71% 76 West Air Br (6). 107% 108 Wheel & L Erie. 15 16% Wheel & LEDf. 27% 304 White Bagle (2) 27% 28% White Mot (4).. 71~ 72% Wickwire Spenc 1% 1l wilson &Co.... Th Th Wwillys-Overlanc 10% 10% Wills-Over pf.. 76% 76% Woolworth (3). 124% 124% Worthington. .. 78% 79% wright Aero (1) 22% 28% Wrigley (3)..... 45% 46% fPartly extra. $Payable in Dividend rates are the ann 13% 9 43% 106% 44% 12 130 88% 70 93% 3% 63% 39% 43% 87% 149% 74% 122% 28% 120 218 26% 60% 166 384% 86 123% 1224 40% %% 38 119% 122% 45% 8% 87% 43% 30% 2% 9% 8% 21% 57 18% 17% 118% 85k 14% 238% 84 116% T1% 107% 14% 27% 27% 1% 1% T% 10% 5% 123% 76% 21% 45% referred given in the above table b payments based on the 14% 9 434 106% 46 12 182% 39% 70 93% 8% 6615 39% 454 384% 149% 4% 122% 28% 120 224 26% 60% 167 38% 86% 123% 122% 424 95% 88% 120% 122% 46% 9% 87% 43% 31 2% 10 8% 22% 58 19% 17% 119 854 154% 24% 84% 116% T6% 108 16 30% 28% 72 1% % 10% 76% 123% 7T% 22% 46% stock, o latest quarterly or half-yearly deciarations, Unless otherwise noted, dividends. are zot FOREIGN. Sales. High, Tow. Argentine 5 . 6 82 8lh Argentine 65 A..... 82 954 95 Argentine 65 B. 8 95% 95% Argentine 7s...... 36 102 101% Austria 7s 24 96% 96% Belgium 6s wi. 285 B8T% 87% Belgium 6%swi.. 34 93 92% Belgium 7%s..... 13 109% 108% Belgium 8s. . 18 108 107% Berne 8s . 1111 111 Bolivia 8s ... 19 92% 92% Bordeaux 6s. 7 84% 84 Brazil 7s .11 82% 824 Brazil 7%s.. 5 104% 104 Brazil 8s.... 18 96% 96 Canada Gs 1926... 217 101 100% Canada b5 1931...." 2 101% 101% Canada 5s 1952.... 27 1024 101% Canada 5%s1929.. 3 1024 102 Chile 75 1943. . 99% 99 Chile 851926. . 103 103 Chile 85 1941. 106% 106% Chile 85 1946 . 6 107% 107 Con Pow Japan 7s. 91 90% Copenhagen 5%s. . 95 94% Cuba 53%s. . - 96% 96% Czecho 8s 1951, 981 98% Czecho §5 1952 ct. . 98% 9% Denmark 6s. 997 99% Denmark 109% 109 535 Nov sg 93 93 Dutch East I 65’47 20 99% 98% Dutch East I 65’62 44 99 98% E1Salvador 8s 48.. 5 103% 1034 nlandsf 6s 1945 4 85% B5% an 7is.. 2 92% 92% wi....384 92% 9% French Govt 74s. 41 99% 98% French Govet 8s... 67 1037 108% Germany 7s w | 944 98 Greek Ts wi...... 88% Haiti Cs. . 92 Holland-Ame “ 9% Hungary 61.s 90 Japanese 4s 82% Japanese 6iis 907 Jergens UM 88% Lyons 6s Marseille 6s. . .. Mexico 5s assented Montevideo Ts Netherlands 6s'54. Netherlands 6s orway 6s 1943 prway 6s 1944 Norway 8s Orient De Rio de Jan S 1947. Sao Paulo City 8s. Sao Paulo State §s ine Dept of 7s. .. rbs Cr'tes S Soissons fs. . Ud Kizgm 5 Ud Kingm Ud Steam Copen 6s Uruguay 8s....... 11 Zurich $s . 1110% MISCELLANEOUS. Ajax Rubber 1 96% 96% Am Agr Chem 7 97ty 2 Am Chain s f 68 974 97 Am Repub deb 91ls 9% Am Smit & R Ist 5s 22 961 96 Am Sug ref 6s 100 99% AmT& Telt 967 96% AmT& Telt . 46 100% 100t Am T & T deb 5%s 102 101% AmT&Teves. ... 2 % 126 Am Water Wks 2 921 5 Am Writ Paper 6s. 47 46N naconda 1st 6s. .. 99% 99% naconda cv db 7s 1027% 102% Andes Ts 25% pd... 7 100% 100 Armour & Co 4%s. 85% 85 Armour of Del §%¢ 91% Associated Oil 6s.. 1 101% Atlantic Refin 5s.. 98% Barnsdall s f 8s. 108 Bell Tel Pa 5s 100% Beth Steel pm 55 90% Beth Steel rf 53 93% Beth Steel 5% 86 86% Beth Steel s £ 6s. .. 94 93% Brier H St 1st 5143 97% 97 Bush T Bldg 55 '60. 95% 954 Calif Pete 632s 100% 100% Central Leather 100% 100% Chile Copper 6s. 111% 110% Cin G E 5%5s"62. 102 101% Col Gas & El15s. 100% 100% Col Gs & El bs sta. 100% 1004 Commonwth P 6: 98 98 Con Coal Md 1st5s 6 87 86% Consumers Pow 58 8 91 907 Cuba Canecvd 8s. 32 99% 99% Cuban-Am Sug 8s._ 6 1047 107% Dery (DG) 7s.... B2 75 75 Det Edison 5s'40.. 10 100 100 Det Elison ref 6s.. 2 107% 107% 1 894 894 2 109%107% 106 105% 105% 106 97% 106% 110% 1017% 9% 103 100% 90'a 93% Du Pont de N 73%s. Dugquesne Light 6s 7 Est Cuba Sug 7%s. 20 Empire G&F 98 Feder MotlsT: 104 104 Fisk Rubber 5s. 108 108 Gen Elec deb bs 105% 104% Gen Refractres 6s. 1 100% 1005 Goodrich 6%s. . ... 10 100% 100% Goodyear 85 1931.. 2 108% 108% Goodyear 8s 1941.. 4 119% 119% Hershey 6s 1942... 11 104 108% Humble O&R 5%s. 42 99% 991 Illinois Bell 1st 5s. 32 97% 974 Illinois Steel 414 50 93% 934 Indiana Steel bs..+ 4 101% 101% Int Mer Marine 6s. 8 88% 88% Inter Paper bs 47, 4 88% 884 KCP & Lit 58 A '52. 14 96k 96k Kan G & El 6s°52.. 11 98% 98% Keyser (J) Ts..... 5 102 Kelly-Spring 8s... 4 9TH Lackawa S 5s°50.. 1 80% Liggett & Myrs 5s. 11 97% Liggett & Myrs 7s. 4 Lorillard (P) 3s. .. 6 Magma Cop cv 7s. . Manati Sug sf T%s 2 99% 99 Marland Ol1 7%s.. 1 105% 105% Maxwell Motor 7s. 6 1054 1054 Midvale Steel 5s.. 21 87% 87h Montana Pow s.. 4 98% 98 Mor's&Co 1st 4%s. 6 T8% 78% New Eng Tel 65... 11 100 100 N Y Eden lst 6%s. 15 113% 113% NYG EL H&P 4s... 9 86% 8614 NYG EL H&P bs.. 5 102% 102 NY Tel 4%3...... 28 96% 95% N Y Tel 6s 41 10 107% 106% N Y Tel 65’49 17 108 108 North Am Ed 6s... 24 96% 96% North Am Ed 6%s. 15 101% 100% Nor States Pow 5s. 13 934 934 Northwst B Tel 7s. 14 107% 107% Otis Steel T%s. 4 9% 91y Otis Steel 88. 27 99% 99 Pacific Gas & E16s8 10 94% 93% Pac Tel & Telbs.. 2 99% 99% Pacific T&T 68’62 1 93 92y Pan-American 6s. 208 104% 103 Pan Amer Pete Ts. 2 104% 104% Phila Co 5%s'38... 10 -93% 93% Phila Coref 6s A.. 8 10244 101% Phil & Rdg C&L5s. 5 101 100% Pierce-Arrow 8s.. 4 96% 96% Pub Serv Eleo 6s.. 1 103% 103% Punta Alegre 7s.. 1 103% 103 &CosfTs. 4 107 107 g;::un St1H 8s... 3 106% 106 Sineclair Ol1 8%s... 1° 88 83 Sinclalr O117 17 88u 88 Sin Crude Of1 5%s. 4 99% 99% Sin Crude Oil 6s... 1100 993 Sin Pipe Line 5s... 8 824 82 Southwest Bell 55. 15 96% 964 Sug Est Orfent7s. 2 96% 96% Tenn Elec Pow 6s. 4 99% 99% Tide Wat Ofl 6%s. 1 102% 102% Toledo Edn 1st Ts. 2 108% 108% USRublstriss.. 6 854 8 U S Rubber 7%s... 4 104% 104% U S Smelter 6 4 101% 101% U SSteelsf5s.... 14 104% 104% Utah Pow & Lt 5s. 3 91% 91 Va-Car Chem 7s... 20 _74% _78% Va-Car Ch 7%ssw 6 45% 45% Warner Sug 75'41. 8 B89% 89% West Elec 5s.......17 98% 98y West'n Union 6%s 6 110 110 Westinghouse 7s.. 3 107% 107 Willys-Ov 6%s'33. 2 100 100 Wilson & Co 1st 6s 15 92% 91% Wilson & Cocv 6s. 8 Bb% B55% Wilson&Cev 7%s. 8 55 54l Winchester A T%s -2 101% 101% Youngstn S&T 6s. 61 95% 954 e If you need work, read the dnm{l of The:Star, 3 v Close. 82 95 95% 101% 26% 87% 92% 108% 107T% 111 92% 84% 82% 104 96 101 101% 101% 102% 99% 103 106% 107 90% 95 96% 981 88% 107 110% 964 97% 974 915 964 99% 96% 100% 102 127% 92% 47 99% 102% 100% 854 914 1017% 98% 103 100% 20% 93% 86 93% 7% 95% 100% 100% 111% 102 100% 100% 98 86% 90% 995 107% 75 100 107% 8914 109% 105% 105 98 104 108 104% 100% 100% 108% 119% 104 9% 97% 93% 101% 88% 88% 6% 98l 102 97% 09% 97% 105% 106% 87% 98% 784 100 113% 863 102% 95% 107% 108 967 100% 98% 107% 913 9% 94k 994 93 104% 104% 93% 1025 101 9634 103% 108% 107 106% 85 884 997 100 824 96% 96% 993 102% 108% 8544 104% 101% 104% 91% _ 4% 45% 89% 983 110 107% 100 91% 554 55 101% 95% ‘want UNITED STATES BONDS. (Bales are in $1.000.) Sales. High. Low. Close. 21 100-31 10029 100-31 Tdb Miide 1 100422 100-20 100: Lib st 4%s.." 8 10118 101-16 101-18 Lib 2d 4% 5...1300 100-27 100-23 100-24 Lib3d 4%s... 241 101-5 101-3 101=4 Lib 4th 4%s.. 709 101-26 101-23 101-26 US4s1944... 42 100-22 100-20 100-22 US4%s1952. 41 105-3 10428 104-31 RAILROADS. Bales. High. 82% 88 99% 86% 89% 5% 100% 103% 101% 83% 99% 82% 884 Lib 3%s Low. Close. 82% 82% 88% 58% 99% 99% 86' B86% 89% 89% €5% 85% 100% 100% 103 103 100% 100% 83% 83% 99% 82% 88% 116% 1 Bklyn-Manhat 6s. 103 Buff R & Pitt 415 ‘°§ Canad North 634s. y Canada Norin 7ar, & 110 Canada Pac deb 4s. 29 795, Car Clinch & O 6s.. 16 106% Centof Gabls... 1 99 CentraliPacific 4s. 2 87% Ches & Ocvidles.. 14 954 Ches & Ohio cv 5s. 357 107% Chi& Alton3s.... 5 gay Chi & Alton 3%s.. 17 46 Chi& Alt 3l4s cifs. 2 45% Chi B&Q 1st rf 5s.. 12 101% B&Q-13%s. . "2 g1y &Q-lldivis. 3 881 fil-‘ls;n os....34 76 ireat West 4s. 22 4 | M & St P 45 '35 ‘7;2:; M & St P db 4s. aa [agcqQagn 30Q i& W Ind 7 )C&StLés..... CCC&StLrf6sA. Cleve Term 5s w {. Cleve Term 515 | CubaRRbs.. CubaRR 7is. | Del & Hudson 5%s Den & Rlo G cn 4s. 3 | Del & Hd Ist rf 4. D&RG 1strf5s.. M&FtD4s.., fe 1st cons 4s rie con ext 7s... ., r Trunk sf db 6s Grand Trunk Ts Great North 58 Gr North 518 Gr North gen 7s Green B& W db B. Havana ERL&P 58 Hud & Man ref 5s. Hud & Man aj 5s. . 11l Central ref 4s. . 111 Central 53 Int Rap T: Int Rap Tr 58 stpd. Int Rap Tran 6s. . Int Rap Tran 7s Int & G Nor Ist 63. Int & G Nor aj 6s. . Kan City Ft S 4s4. Kansas City S 5s.. < y Term 4s Lake Shore 4s'31. . Louis & Loulfs & N X Louis & Nash 5%s Manhat Ry cn 4s.. Man Ry 2d 4s 2013. T adj 58. ... TprinssA. 84 MK&T6sC.. Mo Paclfic gen 4s..106 Mo Pac 55 1926 Mo Pacific 55'65. Mo Pacific 6s Montrl Tm 1st 5: Nassau E Ry 45’57 O Tex & M 5%s. . Y Cen gen 3% Y Cent deb 4s. N Y Cent ri 5s. N Y Cent deb 6 NY Chi & St L5%s 12 NYC&StL6sA.. 2 New Hav d 45 '57.. 51 New Haved6s.... 30 New Haven 7s.... 187 New Haven s fr. .300 New York Ry fr4s 6 NY Ryrfdsctfs... 2 New York Ry aj os 1 X State Ry 4%s. 1 Y W & Bos 4%;s. orfolk & W en 4s 13 Northern Pac 3s... 10 Northern Pac 4s Northern Pacr i 63 44% 444 % 67 61% 8815 60% 84% 106% Ore & Calif 1st 5s. 100% Ore Sht L cn bs '46.. 105 Ore-Wash 1st rf 4s 82 Pennsyl gen 43s. 934 Pennsyl gen bs. 101% Pennsyl 61 s 110 Pennsyl gold 7s... 108% Peoria & E inc 45. 35 Pere Mrq 1st 45 '56 82 Pere Marq Ist 5s. . 9814 Reading gn 4%s. . 93% Rio G West Ist 4s. 831 Rio G West cl 4s.. 7214 RIATK&L4%s.. 854 St L IM&S 4529 91% St LIM&S R&G 83% StL&SFpl4sA.. 1% 85% 93% 854 784 101% 804 85% St P & KCShL 4%s 80 St P Un Dep 5%s.. 100 San A & Arn P 4 81 Seab’d A L 4s st: 744 Seab'd A Liref 4 60 Seab’d A Liadj bs. . T4 Seab’d A L con 68 85% B84% Sou Pacific 43°29.. 96% 9635 Sou Pacfic ctl 4s., 84% 84y Sou Pacific ref 4s. 881 88 Southern Ry gn 4s T4% 73% Southern Ry 1st 55 15 101 100% Southern Ry 65 ct. 33 1031 103% Southern Ry 6%s. 10 107% 107 Texas & Pac 1st bs 99% 89% Third Ave ref ¢s b5 5% Third Ave adj 5s. . 48% 484 Tol St L& W 3%s. 99% 998 Tol StL & W 4s... 821 8214 Union Pac 1st 4s.. 9% 91% Union Pac 4s '27 99% 993 Un Pe 1st rf 6s 104% 104% Union Pac cv 6s 103% 103% Virginia Ry st 5 95% 954 VaRy & P1st5s.. 9% 94y Wabash 2d 5s. ..., 94% 9414 Western Md 4s.... 63% 63% Western Pacific 90% 904 ‘West Shore 1t 4 82% 823 Wilkes B&E 1st 58 63% 631 STERLING EXCHANGE REACHES NEW HIGH Special Dispatch to The Star. NEW YORK, January 2.—The first business day of 1925 in Wall street was signalized by a further advance in quite a part of the Stock Exchange list by a recovery in foreign govern- ment bonds, by a higher rate on call money renewals and by & new high for sterling exchange. NEW YORK, January 2.—Bar sil- RATES ON BAR SILVER. l ver 67, Mexican dollata, 51%s. . OPENS WITH RUSH Wheat Soon Loses Gains and Corn and Oats Also Sell at Lower Prices. By the Associated Press. CHICAGO, January 2.—Influenced by European reports that Argentine wheat Is belng held at higher prices than wheat from the United States, the wheat market here took a fresh upturn early today, but then heavy selling developed and a sharp decline ensued. An advance in iverpool Quotations helped to lift ¥ Chicago prices at the start. It was sald that considering differences in exchange rates, the Liverpool market was at the highest point yet for the 1924 crom Chicago opening prices, which varied from % to 1% higher, with May 1.79% to 1.80% and July 155 to L65%, were followed by a setback which in some cases went about 3 cents under the initial top prices. Mild weather tended to ease down corn and oats. After opening un- changed to % higher, May 130 to 1.30%, the corn market underwent a decided sag all around Oats started at % to % advance, May 64 to 64%, but later showed losses of material extent In the absence of any aggressive selling, the provision market averag- ed higher. " open . 1505 e 145y High September OATS— May July .l Beptember . RYE— May T o 1.38 COTTON STARTS 1925 AT HIGHER PRICES Early Offerings Well Absorbed as Better Tone Appears in Goods Market. Associated Press. NEW YORK, January 2—Optimism over the general trade outlook was reflected in an opening advance of 3'to 6 points in the cotton market here today. Bearish figures on available supply for the season led to some lo- cal and commission house selling, but the offerings were absorbed with the March contracts selling up to 24.82 and July to before the end of the first hour, or about 14 to 16 points net higher. Liverpool cables were somew lower, but their showing was offset by the advance in sterling exchange and the early buy- ing here was promoted by reports of contracts for a good early new year business in the cotton goods mar- ket IAL. §720,000 PEPCO 65 BEING PAID TODAY American Security Is Meet« ing Debentures—Trading on Local Exchange. BY CHAS. P. SHAEFFER. The Washington Rallway and Eleo- tric Company is today taking up an issue of $750,000 of Potomao Electrie Power debenture 6 per cent bonds, dated January 1, 1915; maturing Jan- uary 2, 1925. The issue is being retired at the American Security and Trust Com- pany, where the company has the necessary funds on deposit. While the obligation totals $750,000, there are only about $500,000 of the bonds outstanding, the utility hav- ing acquired the remainder, from time to time, out of surplus funds. It was said today at the company's offices that an issue of new bonds wouid probably be marketed at & later date to replenish the carrier's treasury for the redemption expendi- ture. The retirement will add materfally to the day’s local turnover, which will aggregate several milliors of dollars. Many bank dividends, ir- cluding extra disbursements, are pay- able today, in addition to the usua! first of the year “melons.” hs @ivi- dens of the Capital Traction Com- pany is also being received. Trading on Local Exchange. Favorite securities were responsible for the bulk of trade recorded on the Washington Stock Exchange to- day. The price level was unchanged a firm tone being maintained through- out the day. Heavy selling of Washington Rall- way and Electric general 6s featured the day, a total of $49,000 changing hands. Sales included a block of $47.000. Railway 4s were strong at 767, and Chesapeake and Potomac Telephone Co. of Virginia 5s ad- vanced a half point to 87% on sales of $20,000 On the stock side of the list Rail way preferred n strong level, Gas at 53} unchanged at 91%, and National Mort gage and Investment preferred brought 9. Cars Avallable for Service. The number of surplus freight cars in good repair and immediately avai able for service continues to gain, ac cording to the American Railway As- sociation. On December 22 a total of 230,798 was reported, an increase of .367 cars, compared with the number on December 14 Surplus coal cars in good repair or the same date totaled 100,330, a de crease of 463 under the number re ported on December 14, while surplus box cars in good repair totaled 9 20, a gain of 7015 within a weel Reports show 15,041 surplus cars. There is no car shortage being re- ported. Many Rail Bonds Due. An avenue of considerable refinancing will be opened by railroad maturi tles in 1925. Some of the carriers have already provided for redemp According to an estimate by one of the local authorities, the world's available supply of cotton, including the carry over of last vear, approxi- mates 30,700,000 bales, compared with last year's estimated consumption of about 19,931,000 bales, including interest. New Orieans Quotations. NEW ORLEANS, January cotton market opened steady trades showing no change to Z points advance, notwithstanding that Liver- pool was lower than due. The market advanced right after the call on the further gain in sterling exchange and the firm opening of the stock market. March traded up to 24.77 and May 25.05, or 17 points up on both posi- tions compared with the previoas close. Washington Siock Exchange SALES. Wachington Rwy. & Elec. 45—$1,000 at 7675, $2.000 at T8%5. tions, but many will be forced to re- sort to refunding. Rail bonds and notes falling dus this vear will aggregate $370,408,760, against $196,952,230 in 1924, $19 previous year and $289,992,960 in 1922. The largest amount maturing in any one year in the last decade was in 1921 when $456,644,820 were retired. July will see the greatest amount fall ing due this vear, when $143,009,820 will be taken care of. This amount will in- clude the Baltimore and Ohio prior lier 33zs, in amount of $74,909,730, due July 1. On the same date this carrier will have maturing $44,991,090 of South- western Division 3%s. The Chicago, Milwaukee and St. Paul line will have more than $50,000,000 maturities during the year. CHICAGO LIVE STOCK MARKET CHICAGO, January 2 (United States Department of Agriculture).— Hogs—Recelpts, 60,000 head: fairly active; better grades butchers, gen- Washington Rws. & Elec. g & r. 65—$1,000 at 9B%, $1.000 AL 9%, SI7.000 at 99%. Washington Gas Light—5 at 58%, 10 at 53%, 3 at 63%. 10 at 8% Washington fiwy. & Elec. pfd.—10 at 81, 10 at 81t National Mtge. & Tnvest. pfd.—50 at 9. AFTER CALL. Capital Traction Co.—10 at 91%. 10 at 91%. COPe D, e, Bs of Va.—$4.000 at 97k, $5.000 at 973, $5,000 &t 97%, $1,000 at 73, $5.000 at $7%. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. regn, 4e..... Bl Asked. rican Tel. & Telgs American Tel. & Teiga: 434 Am. Tel. & Tel. ctl. tr. 5 Am. Tel. & Tel. conv. 6s. Anacostia & Pofomac Bs. Anacostia_& Poiom! C. & P. Telepbooe C. & P. Teleplione o Capital Traction R. R. Sa. City & Suburban 58 Georgotown Gas lst 5 Metropolitan K. R. 5 Potomac Elec. 1st s, Potomac Elec. con Fotomac Elec. 68 1003 Pot. Elec. Pow. ¢ m. &' Wash Washington Gas 6s Wash. Rwy. & Elec. Wash. Rwy. & Elec. gen. 0s. MISCELLANEOUS. D. T. Paper Mfg. 6s.. Pot. Jt. Stk. L. Bk. Realty 58 (long) Realty 58 (sho: Sou Wash. Mkt, Wardman Park Hotel 8s. PUBLIO UTILITY. Terminal Taxi com. NATIONAL BANK. National Capital .. Columbia . Federal-Ameri Liberty Secon Natlonal Bank of Washington.. TRUST COMPANY. American Security & Trust....*8013 Continental Trus! 86 Merchants' Bank 130 National Savings 120 Union Trust . Washington Loan & Tru 888 SAVINGS BANK. Commierce & Savings.. East Wasl Blvgl(l Bank. Security Sa N Stree FIRE INSURANCE. Fi en's . Natlonal Usion. TITLE INSURANCE. tle . Columbla, Title . MISCELLANEOUS. Transfer & Storage. 200 13 20 is 7 m‘& !.'lx dividend. 1Books closedy erally steady; mixed kind, easy to a shade lower; top, 11.10; bulk, good and_cholce weighty butchers, 10.75a 200 to 240-pound kind mostly, 10.35a10.75; 160 to 190-pound aver ages, 10.00a10.40; underweight an pigs, slow; bulk, packing sows, 10. a10.50; heavyweight hogs, 10.80a11.10 Cattle—Recelpts,7,000 head; week- end trade generally steady; steers, suitable for shipping purposés, firm: trader kind, rather slow; quality, largely’ medium; warmed-up and short- fed offerings comprising the bulk; best - weightly steers, 10.25; some 1,349-pound averages, 10.35; year- lings, upward to 12 few young- sters above 9.00; stockers and feeders scarce; country outlet late yesterday moderately broad; values firm at week’s 15 cents to 25 cents advance; bulk ‘on country account, 4.75a6.25: most fat cows, 4.00a5.50: weighty koshers, at 6.25 and better; light heifers in demand; mostly, 5.00a7.00; bulls 10 cents to 15 cents higher; bulk bolognas, 5.00a5.50; well conditioned heavy beef bulls, 5.50a6 vealers, steady to 25 cents lower; mostly, 9.50 a10.50 to packers; outsiders, selecting few heavyweight 150 to 175-pound calves, upward to 13.00. Sheep—Recelpts, 17,000 head; slow; choice lambs, steady; early sales, 17.25 al7.50 to shippers mostly; other grades, fat lambs, weak; bulk, 16.50 al7.00; fat sheep, steady to strong: choice 116-pound ewes, 9.65; feeding lambs, fully steady; bulk, 15.75816.50; cholce 60-pound welght, at latter price. NEW BOND OFFERINGS. NEW YORK, January 2—New bond offerings today Included $1,250,000 Timken Detroit Realty Company first mortgage 5 per cent serial gold bonds at prices to yield from 5 to 6 per cent. The proceeds will be used in part payment for manufacturing properties in Detroit, Cleveland and Canton from the Timken Detroit Axle Company. NEW YORK DAIRY PRICES. » NEW YORK, January 2—Butter— Easy; recepits, 6,663 tubs. Eggs—Strong; recelpts, 12,267 cases; fresh gathered extra first, 62a64; do firsts, 59a61; do seconds, 55a58; near- by hennery browns, extras, 63; Pacific Coast whites, extras, 65%a66; do firsts to extra firsts, 62a65; refrigerator firsts, 45a46. BUTTER HIGHER TODAY. CHICAGO, January 2.—Butter high- er; creamery extras, standards, 40%; extra firsts, 40adl; firsts, 36%a 383%; seconds, 32a35. Eggs higher; receipts, 2,951 cases firsts, 50a54; ordinary firsts 40adf refrigerator extras, 42%a42%; firsts, 4132242, RAW SILKS HIGHER. NEW YORK, January 2 (Special). —The cotton goods markets opened the new year guietly and with a lit- tle less strength In some lines than was shown at the close of the old. Print cloth quotations were down an 3% to 9% for 64 by 60 and 10% for 68 by 72. Raw silks were firmer, ris- ing 2% to 5 to a top price of 676 for XXA 20-33 denier.