Evening Star Newspaper, January 9, 1925, Page 28

FINANC HOG PRICES LOWER AT GENTER MARKET Prices Lower Because of Heavy Arrivals in West. Poultry Cheaper. | 1 of an had that the larger t ®ing to the fact »%5 in the Wes heen anticipate is reported, the \arket ia easier and lower prices pre- vail. Hogs were quoted at from 14 to 8 today W e m the nearb most ralser s n to stockyar :!|‘dih., i nore profitable than do butche There is a pork and pork any hogs are be is state the supply possible hs. Turkeys and other varleties of pou are in fairl good su and clecreased price increased de- t Today's Wholesale Prices. Fancy prints, yre packed, $0: Fresh, selecte receipts, 47a50; tub, t: €0 48 candled, storage, RES mild crea: 50270 each % chickens. | 18; keats, 70a80 | 15a25; capons, Keats, YOUNg, , Spring, | 3 et Fruit and Vegetable Review. frut boxes, large cious, 1D market firm Florida arate 4 pplles anish type, orida, 1%- | and pointed Lettuce Supplies Moderate. Lattuce—Suppiiss moderate; demand era arket steady: Florida, 13- | | bampers. Big Boston type, Win- 2.25; other i 2-dozen crates, | 2.00; California | “leebers 15 pe, best, 3.35a3.60; fow | roien low as 2.00 | _moderate; demand rk and S. No. nd Vir beral; de Iy weaker cloth-top v derate market slightly 2ve ba o 6.0026.50 East Shore, Virginia. cloth-top barrols, Ye ¥ 7.00: East Shore Deiawars, No. Mar- bushel hampers, Supplics market about steady ind Russet Ri Hral« l 240a2.50 per sack; New York sacks. Round ¥ . 5. No, moderate pound Moun- per sack. Limited. | moderata: de- | fairly steady; 1g. wrapped, fa )26.00; choice count, ing, wrap- and Jomtly Supplies liberal: de- dull; Florida resh Tecelpts 1.50a2.50, moderate | Amer. Tel. ; demand good steady; Flor- fair quality, light; : Flori firm LAW AVENGES 2 BEASTS. Youth Who Vlulll.Ale\i Dog; Neg Who Starved Horse Pu!n:hch a1 Dispat a dog witl tied the dog d the mutilated n the ani-| with starv- horse apparently the floor of the| ease {ts hunger wite, Mrs. hs &g county Jja usband convinced a 18 death was the result icnt. The case had been the de rom nich avier of her fathe 2 ~ilcd her m IAL. THE EVE NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. NEW YORK, continued the Curb L n ngth in th whon st A noteworthy en at advancing pnle opening at 13% and quently bid up close t. pany has calied a NEW YOR ing is an ofticial stocks traded Curb in on marlet today: Sales thousands 3 Alum 4 4 28 BONDS. 7s new '33 Gas & Blec Tee 7s. Yow & Sumat Rolll Am Am Am Am 65 old L Tob Tigs Mills @s As 8im Hardw 6is. At G & W1S835s Teaserboard 8 Can Nat Ry Ta. 71 Cent Leatier 6 10 Chir B 1 & w January ascendunt on hange today with the prin- stocks were taken up late Thursday, realizing sales wers making themselves felt iy other parts of the incdient manner in which Mutual Ol was tak- A-blck of 15,000 shares changed hands at the January HEFFERNAN, 8. —Pricea olls. es. it was o 14. the 1w T C 102 uban Tel T ndaL 19 Detroit Edison 4 Detrott_Ediso 0 Fried Krupp 1 Tntl 5 iz W 15 Manitoba Mo Pac Nat Disii Power Ry ® North St P M 6345 ¢ 1 Ohio Pow &ix B 1 Park & Tiiford 6 1 Penoock Ol Cor 12 Ehila Blec'gs - s Phil Petro Pub G & B Pub Ser: re 011 Co_6lis awsheen Ty - 113 Sinclair Conx s C 0 Southern Cal Bd 5s "3 Coton 011 i3 3 Union Olf Prod_8s 2 Un Ry of Har 7T%4s § Yacuum Ol 7o ol s Mills 6% FOREIGN Bogota Ss. © B n 16 s of Neth 6x 'S4 Russ Govt cfs Sis Kussian Govt 6%4s Rus GVt Blgs nat of Swiss Gove STANDARD OIL L. bie Ofl & RII I - 33 Imp Ml of Can 300 Imp 01l of ¢ nw wi 0 & G new wi rie P I, 40 Solur Refin 850 Soutn Fean 20090 S0 Tnd. . V80 Raoes 800 5 0 Ky 108 0 Nep 405 0 N ¥ B0 & O Oulo 10 8 O Obio pid. 5400 Vacuum Ol Sales at 103, Wosh 5 32,000 at 9 tion—4 at 9 toI% Lanston Monotypa—15 at AFTER CA Weahington Rwy. & Eler 3,000 at 9975 vashington Loan & Tri 50 at 395 pital Traction Washington Gas Money—Call loans, 5 an Bid and Asked Prices. ust Co frre 1047% 100" B8 105 iy L1041 102 BONDS. 5 03 * 105 13% 11y 134 1008 18SUES, 140 5815 Fie 1H01s 123° o, 1% 9, 3 at LL. s & 10 32,000 8t 901, $1.000 at 991, 8 per ¢ BONDS. PUBLIC UTI American Tel. & Telga. 4 & Telga. 4 Am. Tel. & Tel. ctl. tr. Am. Tel. & Tel. con Anscostin & Potomac & Auscostia & Potomac guar. & P. Telephoe s, C. & P. Telephone of Va. Capital Traction R. City & Suburban Bs.. Georgetown Oas 1at 5s Metropolitan R. R. bs. Tat Bw.. Conw. Bs.. 65 1953. Potomac Elec. Pot. Elee. Pow. Wash. Ales. & Mt Wash, Alex! & Mt Wash | Talt, & Ansiap. hington € Washington Wash. Rwy. Wash. Rwy. . C. Paper Mfz. s Poe YA B o Riggs Realty 3x (o Rize ity Gn (short)... Southern Bldg. 6143. h. Market Col STOCK: R. 3s.. m. & ref. Ta. L1 129 i s i 4y, P MISCELLANEOUS. S. PUBLIC UTILITY ash. Rwy. & Elec. ptd.. ininal Tazi com. NATIONAL BANK. Columbia ... Commercial Commeres & Sav e fngs & Com.. Street. tates s Mec y Seventh United ingt: s.svm'as BANK. F12E INSURAS {ISCELLA fer & Stor: oty pe & Invest. pid Siarket com.. Market pfd. type - Storage age. was The com- meeting of stock- holders for January 27, to vote on the proposal to change the name to the 8. —Follow- list of bonds and New 10 at ¥1% 9. Continental Oll Co,, und the par value from $5 to $10. It is understood that Mutual owns practically all the capital stock of the Continental Company. . The demand for Venezuelan Pe- troleum attracted attention and t stock was mare active than in many weeks, Other South American issues were heavily deal in, but there ap- peared . a considerable amount of Creole Syndicate for sale at and just under §. The high-priced standard oils were up 2 to 4 points, with spe- clal strength in South Penn, Mag- nolia, Solar Refining &nd 1llinois Pipe. Freed Eisemann and F strong. agaln, but Freshman Radlo ielt the effect of realizing sales. ths These ‘the subse- tles Service ptd Berb prd L. T3 tiew Sere B cfs 18 $1,000 Cittos Serv € scrip 93 #4000 Cjties Bery werip. . 68 Con O wi........ Creote Synd Evelid Oil Co 4 Givwon Ol . Gulf On of Px Kiroy Pet Lago Pet ... Latin Amer O/ Love Star 0N Marland . fount Prod Mutual 011 vot ofu.. Nat Fuel Gax.. New Bradord 0 New Moy Land .. Noble_Gil & Gas. New York Oil... Peor OIl Corp. Penn Beaver Of Red Bank 0f Royal Caned 6 &1 Ryun Con Salt Creek Gon Sa't Creek Prod Unitea Cent Oil. Venesuelan Pet. Wilcoz 01l & Gas. Wovdley Pet.... INDUSTRIALS. 14 9 LR 81 2 Ol 1 Ci York Acme Coal.... Allicd Pack new.. i« & Elec... | 8 Hawalian § 8. 128 L & Tract...... 139 Pow & Lt new Pow & L ptd Buperpower A Buperpower I Appalac Fow & Lt Borden O Botany Mi Botany Coa Milly A Briggs Mg .... Brit-Am Tob cou Brit Am_Tob Co reg Bklyn City R R . Burns Buike Cal . Caro Tow Car_ Light ntrifugul B BEL b e md Boud Eh s 1 p A ... Childs Co pfd Common Pow Cor Common Fow Cor pf Cons Gas Bal new :.-:t.’-n 3 Cube Cuban Tob Lo vt Curtiss Aero Motor Acro M ptd R C vt DL & W Conl Doehler Die Cant (- Dubll C & R o wi Dubilier U & Radio Dublller Ris Dunbill Tatl Durant Mot Duplex C & 1 vt bu’ Font “Motors buz Co A Bast Peon El Bd & El Bd & Blec lav Federated Metals F & W Gr stores Filin Tnspect 3 Eiser Hody uw wi Elee (o Shoprd. Shooowi Grenunu, Happ Happ Cavay St Hasltine Corp 3 Chem Joenn Had ou Mateh pe Joues Kadio ower see Vai Coal 2 Val Coel Nt Liberty Kad tn Sto Lupton ¥ M A Murconi Wirel Ltd MeCrory Stores new Mesabi” Iron. ... .. Midale West Ttil Midvale Co. Murcurbank 'V A ‘wi Murray Body. ... Nat Uistil frod v, Nat Lether Nat Fower & Li. Nat Tea Co.. N'Y Tele o ptd. Nick new wi Nick ¥l new pt wi Nor States Pow wis Umnivus Corp A pe FProphylactic Bruso. Kadio Corp... Kichmond Kadiator. Nova Kad Co tr o Kierra Pacine Elec. Singer Mrg Snattuck ... Sleeper Rad v tr cf S0 ¢ & I new. Boutheastern Bouthera Cal Edivon 100% Ho Calif Ediwn pf. %% Stand Publish Co A 2814 tutz Motor. v Bwire Iy 341 Ewift & Co. 11415 Tenn_ El T Ten El Pow xd pf.. 73 Teno Ry & Lt s Therm.odyne i Thomp Kad v tr cf. Zobacco Prod Lapis Tower Mfg.. Unlon_Carpide United G & E new. Ltilities P & L A Unit Lt & Pow B pr Unlted Pfc Shar U S Lt & Heat. U5 e a e ol Ward Bak Cor B. Sonrmu G e “r etk e i £ 8as 35— 6a « -.' pes ac 395, € i L—f—n‘x:-, Eenaaonie ! Wagne Coal ... Weitern Power Western Power pfi 87 ¥h Bk M 5 new 174 Wick bpen 8t Co wl 4y Yel Taxl Corp N ¥ 20 MINING Arizona Globe Cop Canario Copper .. Comstock Tunnel Cogl Mines u Gold Eng Gold M Lid Hirst “Thought G ity Nine Mines diield Derelop Gola Zone . Uarmill Div licela Mine Howe Hound Indepeadence 1. Jib Conx Kay Copper Knox Divide Lope s MeKin 4 Sohtcun Cop Nationsl Tin New Cornelia New Jorsey Zine... Nevwda Hills Min.l oz, o8 et 13 3ty 1. o4 ¥ Corp. Plymouth Lewd Mus Premier Gold Min.. Hay Hercules Inc. . Red Hill Florence, Speachead Gold Success Mines Tono Belmont Tonopah Exten pah Min Trinity Cop United Verde Ext.. 3 Utah Apex . Wenden Coppe 2 Yukon Alaska BUS THREATENS CAR LINE Special Dispatch to The Sta: RICHMOND, Va., Janus Should the State corporation com- mission grant g charter to a bus line | between this city and Ashland, a dis- tance of some 16 miles, the Rich mond-Ashland electric lne will sur- render its franchise and retire from business. That was tae declarati {of Oliver J. Sands, representing the company, before the Stute corporation commissfon. This line was bullt as a part of « | ratlroad to be eventually ex tended to chingtony but for some reason wus abundoned. Several vears ago the owners of the road surren- | dered and were sbout to junk (he iline when a syndicate took It over and .. resumed operations. By cheap fares and good service and strict economy the road ha: been paying. o 18 123 Toss | that bed & 50 NING to chunge | azeltine were | ]GREAT CAREURGED | INAUTO INDUSTRY | Makers to Guard Against Too Heavy Output—Expect | Very Large 1925 Sales. BY J. €, ROVLE. atch to The Stai VORK Aty Freatest danger to the ay y lies with overoptin ensus of opinion of | executives of leading companies here. the New Yoris automoblie show ; in progrese. Bookings of busi- ness at the show already have been Seavy, but the feeling that the in dustry is entering the coming yei better conditions than have ob- tained for some year: and December. Primarily, the New York bile zhow {s not a sales show. Rather it is the Easter parade of the auto- mobile styles and a mecting place where manufacturer and dealer can meet, give mutual information on conditions and the trend of business, and come to a better understanding. The information that the dealers are xlving the manufacturers this year| is even more encouraging than the recent sales by companies which have placed new models on the mar- ket. automo. Saturation Point Far Off. All agree that the point of satura-| tion in America still {s as far off as| the end of the rainbow. Untll there i3 an automobile for every other per- son, that point will not be ap- proached, according to one maun facturer. The coming year will see at least 7,000,000 cars bought for re- placement purposes. The volume of prospective uew customers seems likely to exceed 1,700,000, But—and this {s the danger of over- optimism—It manufacturers load themselves and their dealers up with & huge volume of cars which won't move into the hands of customers, disaster {s sure to result. That mis- take was made e first three| months 1924, and the necessity nf\ liquidating accumulated stocks of un- sold cars throughout the remalinder of the year cost some companies llons which might have been saved lf the output had been kept close to con- sumer demand. Wil Watch Output. The 1more minent manufacturers | have sworn a solemn oath mot to make that mistake again. and there s Httle liellhood they will do so, but the dealer who “bitos off more than! he can chew” is also likely to be a| victim of overoptimism. Nevertheless the production schedules of most of the prominent companies are mate- rizlly larger now than they have baen in recent months. The Hudson Motor | Car Co.'s January scheduie is higher| than for any month of 1924, when! record business was done. his | month's production has been set at| 17,600 cars. It is the plan to shove | this up to 15700 in February and| 20,400 in March For the last three months deli les of automobiles to consumers have | been at a falrly stable lavel ing to General Motors o {deliveries to consumers {pany were at the rate of | hicles a year In the early Winter,| | =hile factory sales were only at the} {rate of 297,000. The reversa was true | | 1 pro; ¥ this com-| 620,000 ve-| a year ngo, when dealers were lozd- 1 ng themselves up in anticipation of | ch did not even- | a Spring demand tuate. May Raise Payments. The Ford Company has resumed op- {erations after inventory at the rate | of 150,000 cars and trucks a month and pay rolls at other Detroit fac- | tories undoubtedly will show a steady linerease for the next few weeks. { rangements have been made to finance | dealers on a more stable basis thia ar. and the volume of used cars hand, while still problem, ie} sch nearer solution than at any time in the last six monthe. The al- leged danger to business conditions and individuals from heavy buving| of automobiles on the partial-pa ment plan has been pretty thorough! discounted While such transactions will continue heavy, it is probable that initia]l payments will be larger| and time of payments somewhat less in most sections of the country. Closed Models Gain Favor. One notabls trend in the New York show is the move toward reduc- ing the cost of closed vehicles closer to that of the open models. | Price advances and price reductions both have been made by some oom- panies, but these have sufficed rather | to take the product into a different | price fleld than to mark any definfte | general trend in costs of production. Undoubtedly conslderable stimulus is anticipated from the announcement of | cortain new engine and body models. Makers of four-cylinder cars have ventured into the fleld of straight elghts, and makers of cights have turned out some slx-cylinder models, but in general the moves have been in the nature of refinements rather than In changes of engineering prin- ciples. BIG LOAN TO GERMANS. New York Bankers Arrange Details 1 of $12,000,000 Deal NEW YORK, January 9.—Negotia- | tions have been concluded by Amer- fcan bankers for 2 loan of $12,000,000 to the August Thyssen-Hutte Iron and Steel Works of Germany. Pub- Mc offering of an issue of five-year 7 per cent honds. expected next week, will be the lurgest which has been made for a German industrial cor- poration since the war. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) n a " Offer. .. 100532 100% 1005-16 100 13-32 100 21-32 100 25 82 ‘51’3“" 101 4 101 it 100 101 101 15-16 102 1.16 927... 101 15-16 102 1-16 SHORT-' TEBK SECURITIES. (Quotations furmtshed br Redmond & Co.) —Noog,— Ofter. 102% m:: 1% Merch 13, 1025. March 13, 1935 June 15,1925 Beptember 15, December 15, 19: March 15, 1926, September 13, 1 March 13, 18 December” 15, PR B REER Alumirum Co. of Amer. Aluminwa Co. of Awer. American Suga: Gs 1937 Amerlcan Tei. & Tel. 68 1b: Anaconda Uopper 6s 1920 American Ol 733 Assoch 17 Tal, ot Canada 0u 1933 el Ceatnortos Teabe-c. Miia 8¢ Feul 62 105 c 5tys 1926, 92 Continental Dy, Pont Tiys 1081 Federal Sughr Ref. Fisher Body Corp. Fisher Body Curp. Goviyear T, & B 8 106 Great Northera Ts 1636... Guif Off Corp, of I, Gs 1928, Humble Oil 5 1 e o ‘nex, Corl. & 1037, 3 §. M. 813s 1951 Morris & Co. Tias 1030. New York Central 6a 1035 Oregon Short Line 43 1929 Penna. B R. 7s 1800 3 Pure Ol 3%s, August, 1035 Switt & Co. Gu 1982 Tidewater Oil 613 1931 Unlon Tank Car €. P. & STAR, WASHINGTON, | 5250 ! Maintenance of the extra af | dragey D. NASH RAISES DIVIDEND. Common, I Stock Now on $12 Basis, Against $10 Last Year. NEW ‘2‘0,(}\ Juuuary of the Motors Co. today voted to the extra dividend vhich has paid semi-annually on the cor stock from $1.50 to a shere, Tn addition to declar- ing the regular semi-annual payment of $3.50 a shafe on the common and the regular quarterly dividend of $1. share on the preferred stock. idend ut .—Directors ) this rate would be equivalen mmon sto as compared with $10 last sear. | Motors common ‘unced approximately stock STERLING EXCHANGE 8 CENTS FROM PAR| | Norwegian Kronen Also Scores New Mark in Advance Today. By the Associnted Press. NEW YORK, January $.-—Sterling exchange todax advanced another step towards par, the der-and rate at the opening of the locu! forelgn exchange markct moving up almost a cent to 4.781;, within about 8 cents of the gold parity basis, Norwegian kronen also advanced, touching the highest point since 1922 at 16.31 GRAIN AND PROVISIONS. BALTIMORE, January 9 (Special).— White potatoes, per 100 pounds, 1.25a 1.50. Sweet potatoes, barrel, 2.50a6.00. Yams. barrel, 5.00a5.50. Beans, bushel, 1.50a2.25. Beets, 100, 4.00a8.00. Broc- coll and kale. bushel, Brussel eprouts, quart, 10a2. Cabbage, ton, 30.00235.00. Savoy, bushel, 60a30. Car- rots, 100, 5.00a7.00. Caulifiower, te, 75a3.00. Celery, crate, 1.50a3.50. Cucumbers, bushel, 4.00a7.00. Eggplants, crate, 4.00a4.50. Lettuce, basket, 1.50a 2. Onlons, 100 pounds, 2.00a3.50, Oysterplant. 100, §.00a10.00. Parsnips, basket, 60a85. Peas, hamper, 3.00a3.50 Peppers, crate, 4.00a7.00. Spinach. bushel, 1.00a2.00. Squash, crate, 4.00a | 4.50. Tomatoes, crate, 2.5023.50. Turnips, basket. 65a80. Apples. packed barrel, 7.00a7.00; bushel, 75a2.00. Cranberries, box, 5.00a 7.00. Grapefruit, box, 1.75a2.75. Oranges, box, 3.2524.25. Sclling Prices at Noon. Wheat—No. 2 port, 1.85%: No. domestic, 192% garlicky, domestic Winter, ‘garlicky, Sales—None. Corn—Cob, new 6.25 par barrel; No. 2. 141 Sales—None Oats—N no_quotati Rye—Nearl:, spot. 1561 Hay—Receipts, 60 ton better grades of timothy ight clover mived hay fair demand at full the supp!y of good hay is limited. Low grade and Inferfor hay is and of uncertain value today—No. 2 timothy, No. timothy, 17.00a 1 clover, mixed, clover, mixed, 0. 2 red Winter, spot, ex- 2 red Winter. spot, No. red Winter. 1.925: No. 3 red no auotations. yellow track spot, €.10a corn, yellow, €63 per bushel; No. 3, 1.2041.85; No. 3 rve, For the and cholce there s a Quotations 20.50221.50; 19.00; No. 19.50220.00; 17.00.18.00. Straw—No. per ton: No. ton. light No. 2 1 1 wheat, 12.00213.00 oat, 13.00a14.00 per . Saxony shipped more than % lins, at an average price of $3.80, to the United States In 1924, FRIDAY. JANUARY 100 yotuts in| quotations and | 9, HUGE SUMS READY FORIGHWAY WORK 1925. Sixteen Southern Now Have $170,000,000 Availatle for 1925. spec The Sta: BALTIMORI}, ports from the Dispaich te January 8. tate Liighw depurt- mente of the 1y Southern States in- dicate that under their dircction up- ward of $170,00.000 in funds are available for imw road and bridge construction in 1925, Thesc figures illn not include the st of projects | which will be undertaken by the countles, but are for exclusively State road work, and it is conservatively estiraated that th: county funds for highway tmprovesients are equal to and In many caseg exceed the funds wvallable for State work. Large sums will also be expended for paving in cities and towns. The hundreds of new subdivisions mnd residential de- velopments being wpened up in all parts of the South wiil result in the expenditure of add'tional for street improvemgnts. Thus, $400,- 000,000 15 not an owerestimate of the amount of money required in the South this year for improved high- vays. Bonds are being voted in increasing amounts by towns, and counties in all parts of the steadily ftles outh proved roads «nd atreets, says the Man- ufacturers’ Record. Gasoline Tax Gueat Help. The gasoline tax, owe of the most satisfactory methods af raising funds for highway purposes, has been adopted by cvery State in the South. The tax ranges from ! to 4 cents on a gallon, the last-named figure being for the State of Arkansas. An ever- increasing revenue will be available for maintenance and new construction from this tax Legislatures now meeting in some of the States are expacted to make svallable additonal funds at an early | date through authorizetion of bond ssues One of the chief dutles that claimed the attentlon of the Texas highway department during last year was the maintenance of all Stete highways, improved and unimproved, carrying out the provisions of the new high- way law passed in 1923. In 11 months ending November 30 33,800,000 was expended for actual matntenance and 3600.000 worth of equipment was pur- chased. Kentucky buflt 400 miles of improved highways last year costing $10,000,000 and will expemd 37,000,000 for 300 miles of similar roads this vear. South Carolina's Pregram. South Carolina had under mainte- nance on December 1 a total of 3,394 miles of highwaye, having opened during the year 0 additional miles. Its last year's program Eivolved the expenditrre of $5.000,000 for maint new construction, and ap- $7,000.000 is awallable for | West Virginia completed last 1 €58 miles of roads and 24 bridges | rosting $15,200,000, and carried over | uncompleted projects 1500.000 into this vear. A balance of $20,000,000 in State road bonds may be 30l@ this year to provide for 8§00 miles of roads Important bridges feature provement program in Georgle dur- fng 1924 On November 1 costing $13,000,000 were under wa The 6,000-mile system- is constantly maintained by State forces, Florida in 1224 awarded contracts totaling the im- States | big sums | to carry forward the program of im-'| vear | involving $9,- projects | FINANCIAL. BETTER CATTLE MARKET IS PREDICTED IN WEST Special Dispateh to The Staz, TOPEKA, Kans., January 9.—"There is an fmmedlate prospect for better cattle markets, especlally for finished beet,” smid J. H. Mercer, State live stocic commissioner, today. “This | does not mean « boom s expected Tho Kansas hog population has { dropped off noticeably, due to hizh- | priced corn, and, considering present stocks, 1923 should see favorable hog prices.” SOUTH MAKING MONEY. Southern Eiil way Head Sees Great Year Ahead. NEW South is sound and has into its own, the peopla ful 2nd they are all making rioney & to Falrfax Harrison 0 the Southern Railway, who | prodicted yesterday that tae road would have its greatest year in 192 Earnings in 1924 were slightly Te than in 1923, he sald, it early to determinc the amount ac- curately No new equinment will be bought this spring. The suit of the| Southern’s preferred stockholders for back dividends probably will come up for argum in February. CHICAGO LIVE STOCK MARKET | _CHICAGO, January 9 (United States | Department of Agricultu -Hogs— |receipts, 50,000 head; g-n.\r |to 10 bigher on medium and strong welght butchers; hogs averaging 200 pounds downward, mostly 10 to 15 .| higher; bulk desirable 250 to pound averages, 10.65a10.85: early |top, 10.%0: 130 to 230 pound kind, mostly 10.00a10.40; 140 to 130 pound averages, 5.60a9.70; bulk strong- | weight slaughter pigs, 7.5028.00; h wefght hogs, 10.35a10.90, ttle— Receipts, 5,000 head; beef |steers amd yearlings slow; steady | with yemerday's close; killing qual- ity very plain; bulk, 5.00a9.75; low- grade steers to killers, downward to 7.50; head of bullocks averaging | 1,609 pomnds, 11.50; top handyweight, 10.40: best vearlings, 8.75; she stock |comparadvely scarce, moderately ac- | tive, fully steady: quality plain: bulk butcher cows, 3.5545.50; heifers, 5.00a 5.75: cammers and cutfers, 2.60ad.15 |veals steady; packers payving to 10.50 for desirable kind; few at 12.00: ougeiders, upward to 12.75 for {shipping selection; bulls dul steady; bolognas, mostly stockers and feeders fairly act | steady to strong; bulk, 5.26a7.00. Sheep—Receip! 14,000 head: bs around 25 lower; bulk, i top, 18.50; fat sheep cholce 130-pound ewes, 10.00; lambs steady to strong; al6.75; top, 17.10. fat stead: feeding early sales, BUTTER LOWER TODAY. CHICAGO, January 9. — Butter— Lower, creamery extras U‘. stand- ards, 391;; extra firsts, 3815239, first 36a37; 32a341; receipte, 3,058 cases; Jary firsts, 45a30; frigerator cxtras, 44; firsts, 4334, $4,400,000, and of roads. Contracts | 1ast constructed 3 awarded in Tennessee ear aggregated $10,500,000, and | plans have been adopted providing for continuation of the construction and maintenance program at an an- In Alabama a total of $13,000,000 of 5,000,000 road bonds have been sold. and the remaining $12,000,000 will be put into roads In 1925 and 1926, The State Highway Commisston of Virginia let contracts in 1924 for miles of roads and 8 bridges, and ca ried over into 1925 construction o 422 miles of roads and on 16 bridge being too | y steady | 200 |z 10.20 | about | 4.50a4.75; | 17.75a | | nual rate of expenditure of $10,000,000. | INVESTORS INERIE STOCKS PROTECTED Those Opposmg Nickel Plate Merger to Get Dividends on Old Shares. { | | By the Associated Press. NEW YORK, January 9.—Althoug! terms of the Erie Railroad’s renta 15 12 the proposed “Nickel Plats merger not be offictally nounced before next week, W Street hears he plan provides fnority stock illing to accep | gen offer. to pay dividends o the undeposited stock at the rate o $3 on the first preferred, $3 on the |second preferred and 340 on the | common, provided dividends are paic on the new Nickel Plate preferred and common stocks. These funds will be pooled, and Erfe minority stockhold |ers wi eated in order of pres erence. sufficient and number of seconc derds of $4 annually wil be pald on the preferved stocl to which tha; antitled, and 1 | sufficient stili remains, th ecetve 34 iy, and the balar &0 to the common stock i8 not expected to be effect a year after the merger summated. > WOOL MARKET DULL Weekly Review, However, Bring: Out Confident Tone. BOSTON, January 9.—The C¢ | cizl Bulletin tomorrow will eay: the local wool marke | has 1 rather quiet. but the mar | ket has a confident tone and prices lly well sustained, althoug! | o slight irregularities have manufacturers are getting r heavyweight openinge ce the latter par Meanwhile, however | they are not neglecting to look the wool market o rather caretull Woolen mills are buying more ge. ally than worsted interests stil expected to c of the month DAIRY PRODUCE. BALTIMORE, January § (Spec —Live poultr pound, 50; Leghorns, i Leghorn oung t poor and crooked br 20a30; geese, 22a28; pigeons, pair, 35 each, 40280 | . Dressed poultry — Turkes | pound Poor and crooked breasts, o 17a1§ 20240 ers, 222 l gEs—Re aiw cases;: native |and nearby firsts, dozen, offered at |35 bid, 53%; quotations, 54 | Butter—Creamery, good to fai {pound, 40a45. prints, 45a47; nearby creamery a42; ladles, 30a32; e'o\‘r packed, i Drocess butter, 3ads dairy prints, 23a28; rolls, 23a28, r Banker Knows. When in doubt about a sec | consult your banker. It is equall; | a5 much ‘his interest as yours to pro tect your savin You trust him | with vour deposits—why not trust him with your investment problems? y Straus Bonds are Ideal January Investments In selecting your January investments, you naturally will seek a good interest return on your funds, but not at the sacrifice of those principles of sound investment dictated by experience, prudence and caution. FOR EXAMPLE $5,750,000 First Mortgage Bonds ~—Land and 17story office and mercantile building of highest type— ~—block front, Park Avenue, 32nd to 33rd Streets— ~frontage on four streets— ~—low rentals, assuring success— —large net earnings— —ample equity ing ~—exceptionally strong corpora- borrowing tion— —most maturities yield 6%— @165 W. 8. & Co., Ine. Westinghouse . & M. 7n 1031, Whaeeling Sicel Us 1926, calleg a protect- Straus Bonds, you will find, are an ideal investment for your January funds. Note these features— SAFETY —assured by the STRAUS PLAN and by the long and wide experience and expert knowledge of the Straus Organization. DIVERSIFICATION —our current offerings are secured by properties in a score of cities from coast to coast. MARKET —Straus Bonds have a free and stead- ily broadening outside market. YIELD—our January offerings for the most part net 6%;a better yield than from other securi- tiesof equalsoundness. January is passing quickly. Every day’s delay may mean loss of interest to you. We suggest that you call or write at once for our current January invest- ment suggestions and specify BOOKLET 365.G S.W.STRAUS & CO. ESTABLISHED 1883 NATIONAL METROPOLITAN BANK BUILDING ‘WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR INCORPORATED