Evening Star Newspaper, January 7, 1925, Page 22

* RAILRUAI] SHARES LEAD STOCK RISE Erratic Issues More in Back- ground——Stee| Common En- | counters Selling. IN BY STUART P. Special Dispatch to The Star NEW YORK, January T auieted down on the Stock today as compared with formances. and the prices pursued a more was upward profl we Exchange ent per movement orderly course. 1 spite of th i In late speculative fa One of the Istics of the dealings was clination of such erratic iss American Bosch Magneto. roration, Westinghouse and E Storage Battery to stay in the =round, while cther favorites taken up. Rails Keey fo Fron The rails kept a place of promi- mence, while some of the public utili- ties were given a whirl under the ¢ad Brockiyn Edison and ( dated Gas of New York. More though was evidently being paid to advice to nroceed cautiously, for the volume of sales was lower and there were few- noteworthy character- back were ar instances of an excited demand for | Values were 5 today. Southern Pacific led t railway <hares, making a new top for the cur- t upward movement and selling at best prices since 1920. The de- ccompanied rer dividends. noderate ad counting a bit Union PFPacific vance, while sed its p Pacific prefer: hjgher vels stocks as At more and Ohic and Guif, Mobile ferred. Brooklyn Lidison Soars. The motivating force behind £harp advance in Brooklyn Edis: niuch the highest prices of the s was furnished by reports of a spli up of th stock on a basis of two for ono and an increase in the dividend Brooklyn Edison pays $8 on the pre: ent stock. It was said that the n shares would pay $5 a year, would equal $10 on the old. C dated Gas of New York spurted sorward, and Philadelphia Co., Brook- iyn Unio as and other members of the gas and electric group gained ground. U. 8. Steel common heavy selling around the level, ofterings were well taken. The mid- week reviews were a help, telling of expanded demand, firm prices and in-| creasing rate of production. Baldwin Locomotive responded to the accounts | of the new Diezel electric engine Missouri me, and by & reached ntic Coast Li Reading, Roc and Northern were the 1 to encountered from which earnings in 1925 are ex-| pected to Increase. Philadelphia and Reading Coal and Iron had another of its characteristic upswings. The sugars better under Punta Alegre’s lead following the unlooked- for dividend on the latter the pr cading day. Atlantic Refining ran up sharply. Other oils did compar: tively little. Kennecott led the cop- pers, most of which gained moder- ately. United Cigar Stores, Cast Iron | Tipe, Allied Chemical, Brown Shoe | and numerous specialties were strong. MAREET CLOSES EASY. Popular Shares Fall Off Under Profit-Taking. By the Associated Py NEW YORK, January 7.—Retire- ment of short contracts, subsidence of forced liquidation, lower money rates and heavy investment buying of standard rails and industrials in anticipation of larger dividend dis- bursements brought a further reco ery in stock prices in today's market. Nearly 50 issues touched new high levels on the present bull movement. Sales approximated 2,000,000 shares The closing was £ Popular shares fell back on profit-taking in the late trading, but bullish demon- strations were vigorously conducted | in Sears Rocbuck, Beechnut Pack- ing, Goodyear Rubber preferred and <Cushman Bakery, up 3 to 5 points. W YORK.—Stocks lic utilities strong. Bonds firm; Fed- cral Light 7s jumped 6 points. For cign exchanges steady; sterling near recent high level. Cotton lower appointing attitude of spinners. featureless. Coffee eaty consuming demand. Sugar | decreased CHICAGO.—Wheat mainly higher; increased outside buying. Corn firm smaller receipts. Cattle steady to weak. Hogs weak. DAIRY PRODUCE. BALTIMORE, January 7 (Speciai).— | Live poultry—Young chickens, pound, 30; leghorns, 20a26; old hens, 25a28: ieghorns, 20a22; roosters, 17al$; voung turkeys, $5ad40; old, poor and crooked breasts, ducks, 20a30; geese, 20a25; pigeons, pair, 35; guinea fowl, each, 40as Dressed poultry—Turkeys, pound, 35 a40; old, 30a32; poor and crooked breasts, 25; chickens, 25a30; old roost- geese, 20a25. | Eggs—Receipts, 1,248 cases; native and nearby firsts offered, 58; bid, 56; quotations, good to faney, ; prints, 45a47; nearby 35240; ladles, 30n32; store process butter, 33ad4; Tolls, 23a28; daicy prints, 23828, SHORT-TERM SECURITIES. {Quotations furaisbed by Liedwond & Co.) Alumioum Co. of A Algminum Co. of American Sugar 6 Anaconda Coppes Anglo-America Associated Uil ¢s 1935..... Bell Tel. of Canada 5s Cegtral of Geor, i Pout 148 Foderal Sng: Fisher Body Corp. Fisher Body Co gs 1 Humble Oil Lebigh Pow. 3, Bt P. & orris_ & C New York Central Oregon Bhort Line 43 Pennssivania R Pare Oil 51 Switt & Co. [idewater Of 615s 1031 Union Tank Car %s 1830. ' S. Rubber 74s 1930, Western Union &1as 1936 Westinghouse E. ‘& M. % s 1031 PAYS THIRD DIVIDEND. NEW YORK, January 7.—Directors of the Aeolean-Weber Piano and Pi- anola Co. have declared a dividend of per cenl on the preferred stock. his is the third dividend declared nce payments were resumed last 4ly, when accumulations amounted 10 58 per cent, a dividend of 2 per cent «n arrears having becn dzclaced o December 20. Jast, of | cetric | Central | ANCIAL., HE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Stock Exchange at present, it is impossible to get complete clostug quotations In time for the regular edition of The Star, F'fnal nnd come plete guotations will be published 1n (oday's 5i30 edition | Hecause of the abunormal volume of (rading on the New York | ! Tow. Close. + 95 98 148 14% 80 BU Migh 9814 14% BOY 91y Ty 8ol 117% | Open. | Adams Exp (§). 96 | Adv Rumley . 144 Ad Rumly of (3) 60% i Alr Reduct (13). 1% | Ajax Rubber. 1 Allled Chem (4). 8. Allied Cm pt (i) 11 | Allls Chabia (4). % Allis Chim pf ( A Ag Chim p Amn Beet Sug (4) Am Bosch Am Brk Shos m Can (18)... Am Can pt (7) An Car & F ( Am Chain A ( Am Chicle. .. Open. | Goodrich pr (7). ‘9ow; | Goodyesrpt.... 8713 | Gdyear prior (8) 104' 90 90 | Granby Consol.. 194 13% 14 | Grt North pf (3) 8y 84% ' Grt Nor Ore (1), 117% 117% | Grt Watn Su (8) 718 72 |Gt West Spf (7) 10418 10412 | Ureene Canan. . . 43% | Gulf Mo & Nor. . 42 | Gu Mo & N pf.62 42| Gulf St Steel (5) | Hartman co (4). Hayes Wheel (3) | Hayes W pt Homestake (17 Househ P (131) | Houston Oil. . Jiudeon Man.. .. Tud Man pf (). Hudson Mat (3). Hupp Mot (1)... | Hydraulte Steel Illinols Cent (1) Tl Cent pf (6). .. Independ Otl (1) Indien Refining. Ind Ref pf Inland Stl ( Inspiration Cop. Internat Agri. .. Int Bus Mac (8). Int Cement (4) . Int Com Eng (2) Internat Har (5) Int Mer Marine Int Mer Mar pt.. Internat Nickel. Inter Nick pf (6) ;| Internat-Paper. | Int Ry CA pf (5) 4 | Inter Shoe (3) {Int Tel & Tel (6) Intertype (11%) Invineible Ofl.. ! Towa Central. Iron Prod (4%). | Jordon Mot (3). KCP & Li1st (7). Kan City South. Kan C Sopf (4). | Kayser (Jullus) Kelly-Sprigfield. Kelly Spring 1st Kennecott (3).. Kresge S S (8).. | Kresge Dep Str. Lee Rub & Tire. Lehigh Val (35) Lig & Myrs (2).. Lig & Myrs B (3) Lig & My pf (7). Lima Loca (4) Loews Inc Dottt e | Lorrillard ( Lorillard pf (7). Louls & Nash (6 | Ludlum (2) McCro (1.60) B.. Melntyre (T5¢). | Mack Trucks (8) | Mack Trk 2d (7) Mack Trk 2d pd. Macy HR & Co. Mackay (7). | Mackay pf (4 | Magma Copper. . | Mallinson & Co. { Manati (5). | Man Elev gtd. Man Ei md g (5) Manhat Shirt (3) | Manila Elec (n). Maracaibo Oil. Marland Ofl. .. .. Market St 2d pf. Martin-Parry 4. Mathieson Alka. | Mathieson rts... Maxwell Mot A. Maxwell Mot B. May Dept St (5). Metro Ed pf (7). Metro G pf (1.89) Mex Seabd (2) Miaml Cop (2).. Middle States. .. Minn & St Louis Mis Kan & Tex MK &Tpt (5).. Missouri Paclfic Missourl Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3 Mother Lode | Mullins Body { Munsingwr (3). Nash Mot (110). Nat Acme. | Nat Biscuit (14) Nat Blscu pf (7) | Nat Dairy (3).. Nat Dept Stores Nat Distillers pt at Enamel & S at Enam pf (7) at Lead (5) at Supply (3).. evada Copper. OT&M t23 N Y Air Br (4) Y Air Bra () Y Cunners (2) Y Central (7). YC&StL pf (6) N Y Dock. NY& "dr‘ (u) Y NH & Hart. NYO& Wst U) NY Steam pf (7) | Niagar P pf 1% Norfolk South ort & W (15).. | North Am (2.40) North Am pf (3) | North Pac (3). | Onyx Hoslery. .. Orpheum (1%). Otis Elev (1512) Otls Steel....... Owens Bot (3 | Pacific Gas (5).. | Pacific O11 (2) .. Packard (11.50). Packard pt (7).. Pac T&T pf (6). Pan-Amer (4).. Pan-Amer B (4) Park & Tilford.. Penn C&C (4).. Pennsy R R (3). { Penn Seab Steel. Peoples Gas (). Pere Marg (4) | Phila Co (4) ! Phila Copt (3).. | Phila & RC&T. | Phillip Morris Phillips Pet (2). | Plerce-Arrow.. | Plerce-Arrow pt Pierce A prior $. Pierce Oil. i Pierce Oll pt | Plerce Petrol. Pitts Coal. Pitts Coal pt (5) Pitts Stl pf (7). Pitts Term Coal Pitt Tr Coal p % | Pitts Ut pf ( | Pitts Ut ctfs 1.20 Pitts & West Va Postum-Cer (4) | Postum pf (8).. Press Steel Car. | Press Steel C pf. 81% | Prod & Refiners 153 | Pub Ser NJ (3). 5 266 | Pub SNJ pf (7). 5 105 | Pullman Co (8). 12%; | Punta Al18u (5). 84% | Pure Oil (1%). 85 | Pure Oil'pt (8).. 90 | Radio-Corp of A m/. Radio-C pf (3%) lr StlSpg (8). . sams | Rand Mines 171 957% | Ray Cons Cop... 59% | Reading (4) 987 | Reading rts, 93 | Reading Ist (2). 3071 | Read 2d pf (2). . 1 Remington Ty pe Replogle Steel.. 1055 | Rep 17 & Stesl 5 ‘2“1 Reynolds Sp (1) Rey Tob B (8).. Son 14% . Low. C 92% 8ily 1044 19 70 87 9 1 110 19 43% v3 . 169% 116 lblh 116 Am Express ( Am & F P 25% A & For Pow. . Am & Fr P pf(7) Am Hide & L pf. { Am Tee pf (6) | Am Internatl Am Linseed | Am Linseed pf. . | Am Locomo (6). Metal (3). .. Piano pf (7). Radlator (4) Ry Exp (6). Am Safety Raz. . Am Ship & Com { Am Sm & Ref (6 {AmS & Rpt (7). | Am Snurr (12). | Am Stl Fdys (3). | Am St Fy pt | Am Sugar. | Am Sumat | Am T & Tel ). Am Tobacco. ... Am Tobacco (B) | Am Tobac pf (6) { Am Typ Fdrs (7) | Am Water Wks. Am W W pf (6). Am WAV 1st (7) Am Woolen. Am Wool ptd (1) Am Writ Pap p§. Am Zincpt.. ... Anaconda (75¢). | Ann Arbor pt Archer-Dauiels | Arch-Dan pf (1) Armour Del (7). Arn Cons & Co. . Art Metal (1) Asso Dry G (5) { Asso D G st (6) | Asso 011 (113). [AtT&SFe (7 |AT&SF pf (5). Atl Birm & At.. Atl Coast L (18) {ACGUIT& WI... | AtGuit& wipt Auantic Refiinin Adlas Tack Austin-Nichola. | Baldwin L (7). Bal & Ohio (5).. | Bal & Oh pt (4). | Bang & Ar (3).. Barnsdall A.... Barnsdall B | Bayuk Cigar. . Beech-Nut (3).. Bethlehem Steel Beth Stlpf (8).. Booth Fisherles. Bkl Edison (8).. Brk-Man Tran. Bklyn Man pf (5 Brklyn Un G (4) } Brown Shoe (4). | Brown Sh pt (7). Burns Bro (10). Burns pr pf (7). Bur Add Ma (3). | Butte Cop (50c). Butte & Superior Butterick Co. ... | Cal Packing (6). | Cal Pete (1%). . Calif Pet pt (7). Calu & Ariz (2). | Calumet & H 50¢ Can Paclfic (10). ent Leather. .. ‘ent Leather pf. CRRNJ (112). Century Rib (2) Cero d Pasco (4) Certain-Teed. .. Chand Mot (3).. Ches & Ohlo (4). Ches & O pf (6% Chicago & Alton Chic & Alton nr | Chic & East Il | Chi & E1NI pf.. Chic Gr West. Chic Gr West pf. Chi Mi1 & St P.. “hi Mil & SP pf. | Chi & Nwn (4).. Chi & Nw pf (7). Chi Pneu T (3).. i RI& FPac... RI&Ppf(6). CRI&P DI (D). {ChiStPM&O.. | ChStPM&OpI(5) | Chile Cop (2%) . jCCC&SLL (3). | Cluett Peab (5). { Coca-Colo (7). | Colo Fuel & Iron “olo Southern. . Colo Sou 2d (4).. { Col G & E (2.80). | Col G & B pf (7). | Com Solv A H).. { Com Solv B. | Com Solv re ; Congol-Nairn | Conley Tin Foil. Con Distributrs. Consol Gas (5).. Consol Textile. . Cont Can (4). Cont Mot (80c). Corn Prod (2).. Cosden Co...... Cosden pf (7). .. Crucible Stl (4). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf.. Cushmans (3) { Cuyamel Fr ( Danle] Boone. Davison Chem. . Deere pf (3).... | De1 & Hud (9). Del L& W (6).. |D&RG Wst pf. Detroit Ed (8).. Dome Mines (2). Doug Pectin (1). Du Pont (8) Eastman (18) Eaton Axle. Elec St Bat (15). Snd-John (5) Erie | Erte st pt Erie 2d pf. . | Exchange BI(D) Fairbks (2.60).. mous P1 (8). mous pf (3) Fod DA RT (7). 124 | Federal Mines.. 24 Fed Mines pf (D) 61% 1 Fid Phoenix (6) 148 Fisher Body (10 238% s 119% 119 14 iy 85 454 817 | T | Am 118 35% 9715 107% 124 24 Gl 153 256 105 13% B4s, 854 91% 10% 4% 53 5% 60'% 354 97 107% Fisk Rubber. Fish Rubber pf. Fleischman (14) Foundation (6). Freeport-Texas. Gardner Motor. Gen Am Tnk (3) Gen ATC pf (1. | Gen Asphalt. Gen Asph pf (5). 9 99 Ger Cigar (8)... 967 984 Gen Electric (8) 310% 312 Gen Elspl (60c) 11w 11% Gen Motors (5). 66 Gen Mot pf (7).. 10214 Gen Petrol (2).. 42% Gen Refrac (2) B4 Gimbel Bros. 56 Glidden Co. 1 91 109 4% 52% 6073 53 514 | Roy Dumu"'& 4 Rutland vf..... | i BY GEORGE T, %! trading in the tax exempt 18 | 4| Transcout Oil... STAR, WASHINGTON, D. C BONDS GO FORWARD INTRADING TODAY | | | | Lower Time Money Rates! Continue to Bolster Up | Transactions. HUGHES, Special Dispateh to The Star. NEW YORK. January 7.—Bond prices hardened today, responding te indlcations of further case in the monev market. Practically all the United States Government loans went | | higher. There was unusually briek | 3'gs. Higi- lgrade railroad bonds were steady, with good inguiry for the shorter maturities, Chicago and Northwestern 78 being an example. New Jlaven Honds Strong. New Haven bonds were conspicuous i among the speculative rails. The leaders were the 7s. both the dollar \and the frane bonds, whieh mature on IApfll 1 next. Success of\the refund- ing plan assures payment of these | honds at maturity. Other New Haven Qho'\ds were frac nally gher. The recovery in the . Paul group, which started late Tuesday, especially in the 4s of 1925 kent up today. Erie con- vertible “D" 45 were strong above 5. Chesapeake and Ohlo convertible | 38 and New York Central Gs, the for- mer above 107 and the latter above 117, were traded in on a large scale. U. S. Rubber 5s Active. Among industrials United State: Rubber 5s, up nearly a point. This is the first mortgage on the company's property, and up| until today has been slow to respond to the lmprovement in the ontlook. | Midvale Steel Gs had a short run-| up to 89. Of the sugar bonds Bastern | Cuba Sugar 7is were the most con- | spicuous. United Fuel Gas 6s, the ob- | ligation of & subsidiary of Columbia | Gas and Flectrie, rold within a point of par. Interborough Rapld Transit refunding os were in demand above previous closing prices. et Forelgm Buying Drags. Foreign bonds were stendy, but that | wag about all. Prices have recovered from the low points made when the agitation over the French war debt to the United States was at its height, but litle fresh buying has come into| the market. Among the day’s new offerings were $7.530,000 City of Chicago eerial 4s to yield from 4.10 to 4.20 per cent 1 PIG IRON UP 3304 A TON. Rapid Price Advance Made in Past Two Months. NEW YORK, January 7.——The con- tinued rice in pig iron # reflected | in the Iron Age pig iron composite price, which is now $22.25 per gross ton, against $22.17 of last week Since the movement started two months ago the advance hae been $3.04, or 16 per cent. The finished steel composite price is unchanged frnm 560 cents per pound last week. | The country's production of pig fron in December was 2,961,702 tons, or 95,339 tons a day, according to Iron Age. This represents a daily galn of 11.833 tons over November, fn which the output was 2,509, tons. StL & San F S(LSanF pf (6) St L Southwest. StLSwn pf (3). Savage Arms hulte (8). Seaboard Air L. Seabd Air L pf.. Sears-Roebk (8) Seneca Copper. . Shell Trad (2.06) Shell Union (1). Simmons (2 Stmmons pf (7). Stmms Pet (50c) Sinclair Ol . . Stnclair pf (8).. Skelly Oil. Sloss-Sheft South Port § (5) South Pac (8). Southern RY ) South Ry pf (3). Spicer Mfg..... Std Gas & E1 (3) St Of1 Calif (2) St Ot NJ (1) St Ol N J pf (7) Sterling Prd 5% Stew Warner (5 Studebaker (4). 61% 625 | 79N T9% 51% Bl e 87 87 1131 113% 214 21% 38% 38% 1581 161 1% 1% 4215 2% 23 23% 33 S8 1004 100% | Z8% 2t 17% 17% 9 9 4% 24% 83 83 641 65 106% 107 S1% 81% 84% 85 19 19 | 4l 4% 6214 624 414 41% 17% 117% | 64 64 2% Sweets (new). . | Telautogranh Tennessee Coppe Texas Co (3)... Tex G Sul Tex & Tex & } Third Avenue. . Tide Wat Ol (4) Timken (+3%,).. Tobac Prod (6). Tobac L'rod A (7 etfi Transu & W (3) Twin City (4)... | Underwood (3). Union Oil (1.86) Un Paclfic (10). Gn Pac pf (4) Un Tank Car (3) Utd Alloy Steel. Utd Cigar (+3%) United Drug (6) Utd Drug 1st 3% Utd Fruit (10).. Utd Ry Invest. . Utd Ry Inves pf. U S Cast iron P. U S Distributing U S Hoff (50¢). . U S Ind Alcohol. U S Realty (8). U S Rubber. . U S Rub Ist (). U S Smelting. .. U S Steel (17)... U S Steel f (7). Universal Pipe. . Gniver P of (7). Utah Copper (4) Utah Securities. Vanadium. Caro Chem Va Ir C&C pf (5) " | Va Ry & Power. Vivadon 89% 39% 37% 8T 149 161% 75 75 124 124 29% 29% Gl 6216 118% 118% 52% 52% 2i6 215 234 23% 59 61 165% 165% 38%% 884 24 24 831 B4k 1224 122% 420 43% 96 v6le 31 28 121% 121% 122% 122% 41% 4% % T 8T 37 44 44 29% L3% 19% 134, i 14% 225 Wavnsn BEA. . Waldort (1%). Webber & H (1) West Ele pf (7). West Maryland. West Md 2d pf. Western Pacific. 34 West Pac pf (6). 85 wWest Union (i), 120% West Alr Br (6). 110% Westinghse (4). T9% Wheel & L Brie. 15% Wheel & L 15 pf. 30 White 13agle (1 28% White Mot (4).. 7% Wickwire Spen. 113 Witson & Lo 7 Wilspn & Copf. 194 Willys-Overlanc 10% Wills-Over D! T8h Woolworth /4. 124% Wordhington... 74l Worthington B( Tli. Wright Aero (1) 21% wrigley (3). a3t PR Yellow Cab A% 41% oD s tiardy atra. Pusable in preferred stock. en “as glren in e | 23 254 8a% 33% 55 85 1204 120% 110% 114 8% T84 Lot 164 30 8% 28 2un “ T kit 1% 7 7 19% 194 | 105 10% T Tl 124 124m | 69% 697 Tl Tin gt 2t rhaif-yearls cowed, catta | Argentine 63 A WEDNESDAY, JANUARY 7, [ovsew vom BONDS stocx mxcuuaves Received by Private Wire Direct to The Star Office. FOREIGN. Argentine 68 B. { Argentine Te Austria is. . 188 Sales, 23 Bank of Japan 6s. Belgium fs w Belgium 6% Belgium 7138, Belgium 83 Berne §: Bolivia Bordeaux 8s. . Brazi) s.. Brazil i%ys Brazii 8s..... Cauada 55 1926, Causda by 19 Caundu 5s 1962, Canad; Clile 75 1943 hile S5 1926 bile $3 1941 hile S5 1946 Chinese Gov R Con Pow Jupan Copenhaien 5% Cuba 51 zecho 8s 19 Denmark fs. Denmark 8s. Dutch East 1 656! 1 Salvador 8s 45. nerican 7 French 7s w i Germany 78 wi. Greek T8 wi. Haiti fs Holland-Amer 6s. Hungary 63s. Japanese 61;s Jergens U M 65 47 Lyons6s...... Murseille 6s. Mexico 4304 asnt Montevidec etherlands 65 'o4. therlands 6s " orway 6s 1952 ay Bs.. Parls-L: Pari; 9o 25 1011 96% 98h 86% 98%% 108% 107% 4 110% 51381929, 10018 10813 941y 94% 5 100 2 20 100 10315 s P23 aalBaBeER e @ B8 o este | Ortent Dev deb 6s. -Med 65 Paris Orleans 7s. . Porto Algere 8s. Queensland 6s. . Queensiand 7s Rio de Jan 8s 1946. Riode Jan 8s 1947. Rio Gr Do Sul 8s. Sao Paulo State s Seine Serbs weden weden Swiss 5% Swisk Confed Tokio 58 Ud Kingm 5% Jd Kingm 5%s" Uruguay 8s. . | Zurich 8s Ajax Rubber 8s. Am Agr Chem 7% Am Repub deb 6s. Am Chainsf6s'3 4 96 s 10 1 s 7 Am Smit & R 1st bs 42 Am Smit & R 63 Am Sug ref 6s. . AmT&Teltr ds. Am T& T el tr5s. . AmT & Tdeb5%s Am T & Tev 6 Anac Andes T8 25% pd. Armour & Co 4%s. Armour of Del 5%+ Atlantic Refin 55 | Bell Tel Pa bs. .. Beth Steel pm bs. . Beth Steel 5%s '53 Beth Steel s £ 6 Bklyn Ed gen Bklyn Union G 5. Bush T Bldg 0x '60. ntral Leather 6 e Copper 68 Col Gas & El 55 Col Gs & El 55 & Commonwth P 63 | Con Coal Md 1st 5 | Consumers Pow Cuba Cane cv Cuba Cane cv d 8i | Cuban-Am Sug St Denver Gas 58 Dery (D G) 7s. Det Edlson bs '40 Det Elison ref 6s.. Donner Steel 78 Du Pontde N7 Duquesne Light 6: Est Cuba Sug 7%s. Empire G&F 7%s. Feder Metls 78 '39. Fisk Rubber 58 ioodrich 6%s. | Goodyear 8s 1931 Goodyear 8s 1941 Mershey 68 1942. Humble O&R 5128. Illinols Bell 1st 5 illinols Steel 4%s. Indiana Steel 68 int Mer Marine 6s. | inter Paper 55 '47. KCP & Lt b8 A '52. | Kan G & E} 65 | Keyser (3) 78 Liggett & Myrs 5. Lorillard (P) 5s. i Magma Cop cv 78 Mapati Sug sf 7% Marland Oil 8s w Midvale Steel 5 Montana Po Nat Tube 1st 3 New Eng Tel o8 N Y Eden 1st 6% N NYG EL H&P 3. NY Tel 4%s N Y Tel 65 41. N Y- Tel 65°49. North Am Ed és Nowrth Am Ed 6%s. Nor States Pow bs. Nor States Pow :. s. Northwst B T Otis Steel 83 Paclfic Gas & E1 5 Pacific T & T 65 '32 Pan-American 68 Phila Co 5%338. Phila Coref 68 A.. Phil & Rdg C&I 5s. Pierce-Arrow 8s. Public Service 53 Pub Serv Elec 6 Punta Alegre 7 Saks & Cos 178 Sinclair Oll §%s. Sinclair Oil Sin Crude Oi1 | Southwest Bell = | Steel & Tube 8. Sug st Orient 75 Tenn Elec Pow 6s. Tide Wat Oll 6%s Toledo Edn 1st 8. Union Bag & P 6.~ Unlted Drug 6s. U S Rub Ist rf 5 U S Rubber 7%s. U S Smelter 6s. U S Steels £6 Utah Pow & Lt Gs. Va-Car Chem 7 Va- West Glec bs. . Westinghouse 7s Wickwire Spen Ts. Ov 6%8°33. son & Co cv 68. Wilson&C cv T%s. Winchester A 73 Youngstn S&T 6s YG EL H&P 4s.. ar Ch 718 5w Vertientes Sug 7s. Warner Sug 78 '39. Warner Sug 7s '41. | West'n Union 61zs R T T oy e lanasmneaeniBiRablvwrvae el © v 5s. . 108% 98% 101% 93% 104% 107% 99% 94% 934 105% 94 102'% 101% 950y 1044 103% 106 1064 83% 8915 99% 100% 8214 Zewenatea aaw GRpmm s mwaasSoohaced3 B Roawab Rerscls 103 109 95% 100% 86 - 101% 104% 91% 3% 4519 92 8% 90% €9 1L 108 7615 100% 56 b4 102 6% € = o e @ S w—m-l-n-» w0 Z.. 3 34 925% 854 82 1043 £61 1014 102 . Low. C 5 102 96% 084 £6% L 108% 107% 98 104% 5% 91% | 971 9T% 104% 99% 100% 1024 | 129% 100 103 100 854 91% RN | 100% 0%, 864 94 998, 99 o1 100% 110% 100% : 100% 978 »6% 914 9414 100 107 924 | 5% 100% 107 88% 107% 105% 1057 97% 104 108% 101% ¢ % 108 102%, 108% 95% 100% 8hl 105'4.104% 101% 1044 911 T3h 45ty Ik 4 9014 98% 110% 107% 70 100 5 53 1015 95% 119% 1044 | 994 944 95% 78% | Tol St L& W 3%s. Union Pac Ist 4s. . 804 99 111 107% 76% | 100 [ 54 101% 95% LIVE POULTRY UNSTEADY. Poultry, springs, CHICAGO, vosters, 1 seese; 2k January the | alive. unsettled; fowls, 16a2 tur ducks, UNITED STATES BONDS. Lib 313s. Lib 1st . !HO Lib 2d 4 Lib 3d 4% Lib 4th 448, US4s1944.. UB4ks 1652 !09 Aichison adj 48 Atchison Gen 4; Atlantic C Lel 48 B&Oprinals 'LEWV 4s O SW aly 31 yn-Manhat Buff R & Pitt 4 Canada Canad Norih 81, Canada North Canada Pac deb Car Clineh & O 6s Cent of Ga 5i4s Centof Ga 6s..... Central Paclfic 4s. Ches & O cv 415 Ches O gn 4135, Chee & Ohio cv Chi & Alton Is. Chi & Alton 31; i B&Q Ist rf ; P& KT gn 5s Chi CM&StPahds. . CM&SHP gn 48 89 M&St P re4 Chi M &St I’ ev ChiM&SLP 68 Chi & N W ref 58 Chi & N W 618 Chi & N W 7s. Chi Rys 5s. ChIRT& Pgn 4s ChiRI&Prf4 ChiTH&SFE b Chi Un Sta 4%s. | Chi Union Sta 58 Chi W Ind 718, . COC & St Ls.. | Cleve Term bles | Colo & Sou 4 “uba R R bs. Cuba R R 7%s. Del-Hud cv bs '35 | Del D&RG istrf D & Rio G Wkt Des M & Ft D 4 Det United 415 | Erle 15t cons 4s. Erie gen 4s. . Erieconvds A. | Erte conv4s B. Erie conv 4s D | Erte (Pa)eclt tr4s. Grand Trunk 7s. Great North 5s. . [ Gr D Gr North gen 7s. Havana ERL&P 5 Hud & Man a) 58 Int Rap Tran 6s Int Rap Tran 7s. Int & G Nor 1st 68, Towa Cent rf 4s IowaCent 1st bs Kan City FtS 4s Kansas City S Kansas | Kan Cy Term 4e Lake Shore 4 Lake Shore 4s " | Louls & N uni 4s | Louls & N5s B | Market St Ry 7 Mil1 El Ry & L 58, MStP & SSM 6%s Ao Paclfic gen 4s. New Or Term 4s Y Cent deb & Y Cent ri b: N Y Cent deb 6 NYC&stLadl NYChi&StL NYC&StL6s New Hav d 4s o'l New Hav cd 68, New Haven 7s. Northern Pac &s. Northe=n Pac 4s. Ore & Calif 1st 5 Ore-Wash lst rf 4; Pennsyl gen 4% Pennsyl gen 5t | Pennsyl 6%s | Pennsyl gold 7s. Peorla & E inc 4; Reading gen 4s. St LIM&S 4s°20 StL&SFpldsA. StLu StP & KCShL 4% Seab’d A Liref 4s. Seab'd A Liadj & Seab'd A L con 6 Sou Pacific 43'29. Sou Pacific etl 4s. Southern Ry Let 5 Southern Ry 6s ct. Southern Ry 6% | Third Ave adj 5s Union Pac 1st rf 4 | Enion Pae 48 °21... | Un Pe st rt 58 | Union Pac cv 6; ! Virginia Ry st ! Wabash 1st 68 | Wabash 2d 5. Western Md 4s. Western Pacifi West Shore 15t 4 Wheel & L E cn Whel& LEft4%s & Wisconsin Cent 4s. —_—— Before You Invest Invesiigave. . | Atlantic C L 1st 48 10 EM B&Q gn 45 '08. reat Wost 45, CM& Puget Sd 45, Ch M & St P 4825 163 Chi Un Sta 6%s. .. Chi & W Inc cn 4s. : Hudson 5%s Den & Rio G cu 4s. D & Rio G imp bs. . Erie & Jersey 6s. . 96% | Erie Genessee R 65 Gr Trunk sf db 6s. Hud & Man ref 5s. Int & G Noraj 6s.. ty Sbs.. ‘28, T Lehigh Valcn 4s.. Long Island rf 4s.. Louis & Nash 5%s. | Manhat Ry cn 4s.. New Haven 7s fr.. Y State Ry 434s. Y W & Bos 4%s. Norfolk & W cn 4s Norfolk & W cv és. 38 133 | Northern Pac 5s D. 107&, | Northern Pacr i 68 Ore Short Liref 4s. Pere Marq 1st 6s. . RIArk & L4¥s.. | St LIM&S R&G 43 StL &S Foprinbs. St P Un Dep 535:. . Soy Pacific ref 4s.. Southern Ry gn 48 in $1,000. High. Loy 101 Y 10118 10181 100 31 1018 10130 100 24 105 10 101 1 s b6 B8N L 864 894 4 997 18 6% T .. 16 103 39 101% 8 €4 8 99y 5 6oy 39 88% B0 BRL 2 101 51 110 1% 116 13 79% 3T 1067 4 v9ie 4 100% 72 8T% a1 9 5 £8la 429 1075 6 6215 19 47 2 BB%W - 15 101% 798 14 604 13 67 TB% 8513 74 . 82 x 2 824 49 53% 58% 8 100 3 100% 2 111% 24 108 101% 17 7% CCC &St L 41z, || 7100% 12 105% 9 91% 14 841 2 102% 3 103 3 102% 36 83 2 95% 6 59% 78 59% L14 dn TTY 19 70% 64 21 10 r,s 1 101 1 100% 1 95 4107 5 116 .26 93w 5 100% 17 1093 4 86 9 »7 T 68% 8 1034 . 80 68% 28 3% .13 93 . 13 101 69% 20 58% 81% 0% 894 B4% 284 95ta 9% 82'% 2% 5 102% 1 106% S%0a. anmel 85 M & St L 1st ref 4s | MStP & SSMen 4s M StP & SSM en 5s M StP & SSM 5%es. .39 Tim .91 794 . 7102 .93 64 100% 8314 Montr] Tm 1st 5. 13 814 908 N Y Cen gen 3%s.. N Y Cent cn 45 '9S. 304 3 3 ¥ .14 61 8 848 1 96% 9 106% 1 101 3 96% 5 82 21 9%% . 31024 .22 110% 3 1081 358 s 98 35 95's 6 8o% 15 9244 33 84% 84 7% 19 86 2 % 1 86 29 T8% 1102%4 3 80% 14 8% 41 81% 1101 604 6% 85% 96% 84% 88% 4% 6 100% 14 104 238 108 6 48% 2 99% 1% 2 B4% 40 994 10 106 1104 2 96% 5 100t 9% €4 o1 82 Tz €8% 80% GE 11 1 1 7 ) w. 4 Close. 10031 1018 10118 10118 10121 10131 100 25 100 51 1018 101 24 101 2 100 21 100 22 1054 10510 RAILROAD. Sales. HY Low. Close. 8275 £8Y 8614 89 #9% 864s 894 IOZ"o 101 83 994 69 B2 87% 101 116% 116% 79 106 99 103 BT 88la 106 624 461, 88'% 1014 L 60 Chi MESL P cv 4150 88 601 60 CM&StPgn4tss 82% 1004 1% 108 834 8314 84 784 924 101% 17 767 1023 98 95 103 9974 105% 91 8415 102% 102% 102% 1014 100% 95% 106% 115% 93 100% 109% 85% £6% 68 103 68% int Rap Tr 5s stpd. 41 65% 68 72% 92% 100% 695 20% 574 8184 70% 8o Bty 98 951 7% 8214 92 102% 105 62% 99 8 21% 861 99 84% 102% 7% 87 Tprinbs A. 98 86% E6% w015 621y 100% 3% 29 100% 95 €314 0% 81% 72 6815 80 103% | 7 95 103 100% | 105% FINANC MATERAL GAINS N 'WHEAT VALUES Corn and Oats Also Do Better | Today on Expected Im- proved Demand. P the Associated Pross. CHICAGO, January scored muterial fresh gains in price today during the early dealings. Big buying on the part of a leading com- | mission house was largely responsi- ble. There was also gossip that a prominent exporter would issue a| statement outlining notably bullish | views regarding world suppiy and de- mand conditions. The opening, which varied from unchanged figures to % lower, with May 1.77% to 1.78% and July 1.52% to 1.521, was followed by a slight general setback and then by a rise that In some cases went near. | & cents above yesterday’s finish 1 Corn and oats sympathized with | wheat strength. After opening at % decline to 1z advance, May 1.27% to %, corn sagged all around, but then made good galns. | | Oats started unchanged to i3 up, May 6134 to 61%, eased down a little and later showed a decided general | ascent. Provisions were responsive to tfe upward tendency of grain. — Wheat Septembe: OATS— September HYE— Yoy :COTTON QUOTATIONS | AGAIN GO LOWER Poor Liverpool Cables Cause Sell-‘ ing Here—Increase Noted | in Offerings. i Sy | By the Asercisted Press W YORK. January 7.—The cotton ‘ today at a de- 3 to 12 poigts under some of vesterday's buyers, j dation ™% | who appeared to be disappointed by 1024 £3 964 E9% 3 €4% | and that importing houses had been | gy 43 75% | 101% 100% | 951y 1034% 68% 68 3% 92% 1004 €9% 201 574 8% 70 89ia 43 98 5% 9% 824 | 9 102% 105% | 29 85 21% | 8615 | 99 8% 1028 81 1% 94 | £68 | 102 63% | 100v; | 8315 2914 106 96% 100% 95 64% 0% f1% 72 6RY 80 on | | |the relatively easy i Liverpool and reports « trade demand. Some showing of a less active Southern sell- ing here also suggested that yester- | day's advance had effected increased offerings from that quarter and prices | cased off to 23.77 for March and 24.23 | for July within -the first hour, or ‘flb'aul 24 to 27 mointa net lower. Liverpool cables said there was less | {trade support in the market there, { sellers on the advance. | New Orieans Values. | NEW ORLEANS, La. January The cotton morning owing to disappolnting Liver- {pool cable: First trades losses of 7 to 9 points, and right after the opening call March traded down o 23.78, to 2403 and July to 24.10, or 14 to 18 points below yes- terday's close. No other reason for the deciine was' assigned than |lower cables than due. At the decline | there were indications of trade buy- |ing and the expectation prevailed | that the market would do better |later in the session. The continued strength of sterling exchange is ex pected to stimulate exports. The weather map showed no rain in the | belt. | URGES CUT IN INTEREST. i | Rail Counu\ Says Bt. Paul Needs Emergency Help. Early legislative action toward re- \ducln‘ interest charges on Govern- ment loans to the Chicago, Milwaukee and St. Paul railroad, will be neces- sary to prevent a recelvership of that property by June 1, the Senate In- terstate Commerce committee Wwas | told today by Alfred P. Thom, counsel for the Assoclation of Railway Exe- cutives. Mr. Thom cited thq case of the St. {Paul as “an emergency matter” in | view of the approaching maturity of {an | bonds. He urged Senator MeLean, which would author- {ize the Treasury to reduce interest | charges on | not exceeding one fourth of 1 |cent more than money cost the arnment. per gov- WOOL TONE STEADIER. Decline Abroad Now Laid to Ad- justments in Exchange. Specinl Dispatch to The Star. BOSTON, - Januar 7.—Foreign cables reporting a steadier tone | wool today encouraged Summer street dealers who have been con- tending that recent softness l\lrond ket. They are arguing now. that the decline did not represent falling wool | values at all, but that merely a re- adjustment to the rising sterling ex- | change. Today's market continued ! quiet, but prices were well sus- tained. RAW SILK TURNS WEAK. Prices Decline Throughout List in Today’s Market. Special Dispatch to The Sta: NEW YORK, January 7.—The raw silk market displayed considerable weakness today, prices declining 5 to 10 cents a pound throughout the list. The top price was $6.70 for XXA 20-22 denier, a reduction of 5 cents. Canton 14-16 was down 10 cents at $5.80 and Canton 20-22 10 cents at $5.50. Cotton goods markets were quiet and un- changed. Print cloths were quoted at 93, cents for 64 by 60 and 108 for 68 by 72 SR e TREASURY CERTIFICATES. (Quotdtions furaished by Redmoad & Co.) 1925. Mareh 15, {arch WJ March_ 15, Beptember 13, s Mo 1S, tver 101 1516 102 116 ¥OREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) ominal Sellng checks gold value. don, pound . ontreal. dolas . Paris, franc | other Mexican inatitutions, or ari vil |nled liqui- | of | arket started easier this | showed | the | issue of $48,000,000 in 4 per cent the committee to expe- | dite action on the bill introduced by | railroad loans to a rate| would have no effect on the wool mar- | * [and medium-weight steers, CIAL. MEXIGAN CLAIMS POLICY QUTLINED Bankers Urged to Present Cases to State Department. Local Trading. BY CHAS. P. SHAEFFER. Americans having claims aga Mexico on account of deposits in banks there, which were prevented from meeting their obligations by anv act of the Mexican government or revolutionary forces, are today ad- vised In a etatement issucd by Fred I Kent, chalrman of the commerce and marine commission of the Amer- fcan Bankers Assocfation, to make Drompt presentation of their cases to the Becretary of State at Washing!o® The statement follows: “The attentlon of American bankers and of other American citizens Whether corperations, partnerships o Indfviduais having claims against the Mexican Government because of de- Dosit accounts which they had in the Bank of London and Mexice, or | ng out of other obligations of such i stitutions, which were prevented fror meeting their obilgations through any act of the Mexican Government or of any Mexican revolutionary par or faction, is called to the fact tha under the conventions between tr United States and Mexico, signed at Washington and Mexico City, Septem- ber § and 19, 1923, respectiveis, it is necessary if they wish to establlsh their claims that such claims should be presented by petition addressed ‘o the Secretary of State at the ecarliest possib] date. Such claims If they are to be considered by the General latms Commiesion, must be filed by the agent for the United Stat t secretary of the comm! fore the 30th of August, 19 and 1‘10 14 reach the Department of State in advance of that date for trans- mission to the agency for exam tion and filing. The consideration an jproper presentation of such clalr be greatly facilitated if they are promptly as the cases of Amer- ican depositors in Mexican banks will iprobably be among tie first to be o *sl(hred by the General Claims Conri- | missicn when It meets in I 1325, "It {x muggested that In case of ; doubt as te what claims may c within the conventions or as to {form in which they should be p sented to the Secretary of that bankers or othars communlc |directly with the egent for i United States, mixed claims comm elon, United States and Mexicn Washington, D. ¢ Year's Earnings Grow. Net earnings of the National Mort | Bage and Investment Corporation for 11924 amounted to $510,781 gain |of 34 60 over the preceding 1: months, stockholders wers told | their annual meeting vesterdey. operating capital of e corporatior | as of December 31, 1924, amounted to .607.65 President George E. W. m reported that a in preferred dividen been distributed since inception thres and a half years ago, this sum being the equivalent of S per cent per annum. During this time a surplu ided profit accou of 3612 - 3.98 has been establiched It was also declared that the recent declara tion of 1 per cent on the par v of common shares could be confidenti. expected every six months hereafter. Officials also declared themselves in favor of new and larger quarters to house the organization The follewing directors were for the year : George E. Wai D. West. H_Rozler Dulan A | Batler, C. S. Taylor Burke, Frank | Caughy, Appleton P. Clark, Jr.: Clarence ¥. Donohoe, Fred T. Dubois, H. Prescott Gatley, Frank J. Hughes, Harry A. Kite. W. O. Pierson and James H. Presto; Lanston In Trading Feature. Strength in Lanston Monotype pro- vided the day's feature on the Washing ton Stock Exchange. This issue r covered to 79 on sales of 50 shares, wi a subsequent lessening of the “spread to % of a point Railway common was active to ths extent of one share which sold at {100. Ninety-seven was bid for security as the session closed, wit the asked price 3 points higher. Rail- way preferred brought 51%, while Mergenthaler retained its strong po- sitfon at 168 and fractionally above. National Mortgage and Investment preferred was unchanged at 9 in spite of its good report for 1924, announced today, while Capital Traction was slightly stronger st Three shares of Continental Trust Company sold at 88 Bonds were dull jon be State, 1 t w Directors Named. Frank E. Ghisell and Dr. Mark Finley have been added to the directo ate of the Merchants' Bank and Tru Co., succeeding to the vacancies caused by the recent death of Willlam R. Nag and the retirement of James Wa | Carter. Plans Award to Members. The Franklin National Bank todas announced it will again depart during | 1925 from staid policies, and will award {3300 in cash to 31 members of § Christmas Eavings Club. The usual & lp'er cent interest will be paid in addi- tion. F Bill Includes Tax Refund. An emergency deficiency bill carrying $157,000,000 has been added to the steady. flow of legislation from the | House to the Senate. Passed by the House late vesterday, the measure car- | rles a principal item of $130.000,000 for refund of taxes fllegally collected and another of $3,000,060 for purchase of the capital stock of the new Inland Waterways Corporation. An attempt by Chairman Madden of the appropriations committee to add 350,000 for expenses of the President's agricultural commiesion was dafea on a point of order. CHICAGO LIVE STOCK MARKET CHICAGO, Janvary 7 (U. S. Depari- ment of Agriculture).—Hogs—Re- ceipts, 50,000 head: moderately active welghty butchers in best demand weak to 10c lower, compared with Tuesday's close; lighter weight, 15 (o 25 cents lower; top, 10.75: bulk, good and choice weighty butchers, 10.40a 10.70: 180 to 230 pound averages, 9.30 210.25; 150 to 170 pound kind, $.50a 9.65; few strongweight slaughter pig= 5028.00; most packing sows, Cattle—Receipts, 15,000 head; yearlings moderately active; steady; heavies moving slow- 1y; undertone, weak: killing quality, very plain; bulk early sales, 7.7528.75; top heavy steers, 9.60; handyweight, 10.00; yearlings, 11.00; better grades she stock, steady to weak; others, 10 to 15 cents lower: bulk butcher cow 3.7585.50; heifers, 4.75a6.75; canners, 2.60a2.90; cutters, around 3.00; calves, 23 to 50 cents higher; packers p ing upwerd to 11.00; outsiders up- ward to 12.00 and above: bulls, dull; bidding, lower; bolognas, largely 4.75; stockers and feeders firm. Sheep—Recelpts, 10,000 head; slow ; all classes around 25 cents higher: bulk fat lambs, 17.75a18.30; best held higher; Fall shorn lambs, 15.25: cholce yearlings,16.50; fat ewes, 9.00 29.75; feading lambs, scarce; few sales good feeders, 16.25a16.50. o The number of Indians in this country 18 believed to be as large as when Ce- “lumbus discovered America.