Evening Star Newspaper, January 10, 1925, Page 16

FINANCIAL FRENZIED TRADING IN STOCK MARKET Speculation for Rise Pushed at Furious Pace in Two- Hour Session. Associated Press. W YORK, January 10.—Specula- tion for the rise was conducted at a furious pace in today's market, with buying of many’ classes of stocks be- ing stimulated by reports of ex- panding business activitles. Mail order and merchandising - is- sues were buoyant in reflection of the prosperity that has come to the agricultural regions. Du Pont and General Motors were in. general de- mand, sing their highest prices ar by touching 142%, up i, and 6832, up 2%, respectively. Other issues to sell 3 or more points above yesterday's final prices were R. H. Macy, Century Ribbon, Continental Insurance, Nash Motors and Fidelity-Phenix. The closing was firm. Total sales approximated 1,000,000 shares EARLY PRICES BEST. Much Saturday Profit Taking Noted During Trading. BY STUART P. WEST. atch to The Star. E'W YORK, January 10.—The best on the stock exchagge the first half of two-hour session. The market con- ued active throughout, but there iderable profit taking, which out recessions in many of the 1 ¢ industrial and rallway shares. » while the upward ten- dency was at its height, it was note- worthy that leaders like steel com- mon and Baldwin Locomotive, which had been bid up sharply earlier in the wee lay quiet. New high records wera numerous but they were made under orderly conditions and there was nothing to compare with the violent advances of a week ago. Among the rails the buying while 1t lasted was quite evenly distributed Stocks of the grade of New York Central, Missourl Pacific preferred, Reading and Delaware and Hudson were in demand, but most of the galns were canceled before the ses- sion was over. In some instances prices ended below the Friday elose. Denver and Rio Grande Western pre- ferred had another advance to & new top. Gulf Mobile and Northern pre- ferred crossed par for the first time this season. St. Louis-San Francisco was actlvely sold below the 60 level. Kresge Sells Above 500, Toward the close attention shifted largely into the Industrials. Kresge sold above 500, as against the previ- ous sale of 437. Stewart Warner at- tracted a speculative following, and other members of the motor group were higher. General Motors was a Jeader, above 68, and Dupont went along. Goodyear preferred was at a new top. Merchandizing stocks, especlally Sears Roebuck, Assoclated D: and R. H. Macy, the latter up several points, wero favorites. Montgomery Ward was up around two points at one time. Biscuit stocks gained ground Among the railway equipments American Locomotive was the leader again, and Pacific Oil was conspicuous among the oils. brought New York—Stocks firm; & S. Kresge crosses 500. Bonds higher; rail issues meet advance. Forelgn exchanges ir- regular; Dutch guilders break 50 points. Cotton easy; beneflclal rains Texas. gar_higher: trade buying. Cofte ver; Brazillan selling. WALL STREET NOTES. YORK, January 10.—An un- arge Saturday offering of 0 Edison Electric Illuminat- of Boston three-year 41 per upon gold notes, due January d. The notes nd accrued in- out 4.75 per cen t, Inc., In 1924 increased mpared with §7,405,212 usuall $30,000, ing Co. cont « income of the Northern Sec lined in 1324 to § share on the from $365,453, or $9.24 2 es Co. dec stock, in 1923 e SHOBT TERM SECURITIES. (Quotations furnished by Redmond & Co.) ——Close— Bia. " omer, Alumioom Co. of Amer. Ts 1 Aluminum Co. of Amer. an Sugar 68 1o37. & Tel 10:% 1065 100 1025 1297 1 1008 R slumbin Continent fs 1 s 1931, 1938. ... * 10814 1 16 CXCHANGH. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. Sondon, pound ..........54.8605, $4.78 tranc s, foanc R TREASURY CERTIFICATES. (Quotations furaisbed by Redmona & Co.) 100582 1004 100 3-16 100 21002182 9 2032 100 1 Septmier 13 Mareh 7 CLOTH MARKET-QUIET. NEW YORK, January 10. (Special) ~—Cotton goods and raw silk markets closed the week today with little doing and with no price changes re- corded. The print cloth quotations vemained at 93 for 64 by 60 and 10% 1or 68 by 7 A Open. 85% 67 10215 102% 904 90W 134 134 Abitibi Pow (4). Adams Exp (6). Afr Reduct (15). Ajax Rubber. ... Allled Chem (4). 84 4% Allie Chalm (4). 72 74 Allls Chim pt (7) 105 105 Am Agricul Chm 1% 164 Am Ag Chmpf.. 44% 4% Am Bk Npf (3). 53% b3% Am Bosch 43% 43% Am Brk Shoe (5) 100 101% Am Can (18).... 168% 163% Am Canpf (7).. 116 118 Am Car & F (13) 1973 198 AmC & Fpt (7). 122% 1225 AmChain A (2). 24 - 24 Am Chicle ctfs.. 37% 87% Am DruxSnyd.. 5% 6% Am & F P 25% (7 125% 127 Am & For Pow 38 Am & Fr P pt(7) 90% Am Hide & Lea. 13% Am Hide & L pt. 72 Amlce (7)...... 91 Am Internatl. 34% Am La France (1 1i% Am Linseed. .... 274 Am Locomo (5). 109% 110% Am Metal (3)... 524 62% Am Metal pf (7). 115 115 Am Radlator (4) 91% 93 AmRy Exp (5). 8l% 81% Am Republie 58 58 Am Safety Raz.. 39 89% Am Ship & Com. 11% 11% AmSm & Ref (5) 96% 97 AmS & R pf (7). 108% 108% Am St Pdys (3). 48% 48% Am Stl Fy pt (7) 108': 108% Am Sugar . 50% 50% Am Sugarpf (7) 93 98 AmT & Tel (8). 134 134 Am Tobacco.... B88% B8% Am Tobacco (B) 88% 88% Am Tobac pf (6) 104% 104% Am Water Wks. 867¢ 87 Am Woolen. 62% 6274 Am Wool pfd (1) 95% 95% Am Writ Pap pf. 5% 5% Am Zine 12% 12h Am Zinc pf. 38 Anaconda (750). 47 Ann Arbor...... 27 Archer-Daniols. 27% Armour Del (7). 98% Arn Cons & Co 8 Asso Dry G (5).. 139% 142 AssoD G 1st (5) 94K 944 Asso Ofl (1%4)... 34% 34%y AtT &S Fe (7). 118% 119% AT&SFpt(5). 93 934 Ati Coast L (8). 151% 151% AtGult& WI,.. 21 214 AtGulf & W IDf 34 84% Atlantic Refiinin 109% 110 Atlas Tack. 10% 10% Austin-Nichola. 30% 20% Baldwin L (7).. 135% 135% Bal & Ohfo (5).. 81 814 Bal &Oh pf (4). 654 654 Bang & Ar (3).. 0% 40% Barnsdall A. 23% 23% Bayuk Cigar 46% d6% Bayuk 1st pt 97 97 Beech-Nut (3).. 74 4% Bethlehem Steel 52% 524 Beth Stlpf (7).. 974% 974 Eeth St pf (3).. 1124 1124 Booth Fisherles. 6% 7 Bkl Edison (8).. 123% 129% Brik-Man Tran.. 36'% 37 Bklyn Man pf (6 73% 73% Brklyn Un G (4) 794 79% Brown Shoe (4). 77 78% Buff R&P (4).. 68 69 Burns Bro (10). 100 101% Burns Brpf (7). 93% 94 Burns Br B (2). 21% 21% Burns pr pf (7)., 115% 1 Bur Add Ma (3). 5% Butte Cop (50c). &% Butte & Superior Butterick Co.... Caddo Central Cal Pete (1% Calif Pet pf (7). Calu & Ariz (2). 57% Calumet & H 50c 18 Can Pacific (10). 152% 1524 Case Thresh pf.. 65% 651 Cent Leather... 20% 20% Cent Leather pf. 57% 68 CRRNJ(112). 308 308 Century Rib (2) 89% §9% Cero d Pasro (4) 64t 54k Certain-Teed 4654 464 Chand Mot (3).. 31% 527 Ches & Ohio (4). 98% 8% Ches & O pt (6% 108 108 Chicago & Alton 9% 9% Chic & Alton pt. 15% 15 Chic & EastIll.. 83% 83% Chic Gr West... 9% 9% Chic Gr West pf. 28% 2813 ChiMI1 &St P.. 15% 16 Chi Ml &SPpf. 274 Chi & Nwn (4).. T4% 754 ChiPneuT (5).. 97 974 Chi R1& Pac 48% 49y CRI&PDL(6). 8 85 CRI&PpL(7). 98% 8i% ChiStPM&O.. 55 56 Chile Cop (2%). 86% 86 Chino Copper 26% 26% Cluett Peab (5). 64 64 Coca-Colo (7).. 86% £6% Colo Fuel & Iron 44 44 Col G & E (2.60). 471 4T% Col G & E pf (7). 106% 105% Col Carbon (4).. 51 51% Com Inv (2.50).. 52 52 Com In Tr pf (7) 108% 103% Com Solv A (4).. 110% 110% Com Solv B..... 118 118 Congol-Nairn (3 42% 43 Consol Cigar.... 2T% 274 Con Distributrs. 4% 4% Congol Gas (5).. 76% 76% Consol Textlle.. 4% 4% Cont Can (4).... 69 69 Cont Insur (6).. 109 110% Cont Mot (80c) 9% 10 Corn Prod (2) 40 40 Corn Prod ptf (7) 118% 118% Cosden Co...... 29% 29% Crucible Stl (4). 75% 6% Cub Am Sug (3). 30 303 Cuban Cane Sug 12% 12% CubCane Supf. bB8% bE% Cuyamel Fr (4). 64 b4 Danfel Boone... T Davison Chem.. 43% 44 Del & Hud (9).. 138 189% Del L& W (6).. 142% 143 D&RGWstpt.. 56 67 Detrolt Ed (8).. 114% 114% Dome Mines (2). 15% 15% Doug Pectin (1). 16 = 16 Du Pont (8).... 140% 142% Dugquesne pf (7) 105% 105% Eastman (18)... 110% 110% Baton Axle..... 14 14 Elec St Bat (15). 684 684 End-John (5) % T2 Erle.... 83% 3834% Erie 1st pf. 46 46% Erie 2d pf .42 42y Fairbanks Co 2% 2% Fairbks (2.60).. 85% 385% Famous Pl (8).. 100% 100% Famous pf (8). 108 108% Fed Lt & T (*7). 135 135 Federal Mines.. 23 23 Fed Mines pf (1) 62 62 Fid Phoenix (6) 160% 164% Fisher Body (10 260 260% Fisk Rubber.... 13 134 Fleischman (14) 85 854 Foundation (6). 91% 91% Freeport-Texas. 10% 10% Gardner Motor.. 6% % Gen Am Tnk (3) B84 &Sk Gen Asphalt. 60% 61% Ger Clgar (8) 98% 98% Gen Cigar pf (T) 107% 107% Gen Cig db (7).. 108 108 Gen Eleotric (8) 806 306 Gen Elspl (600) 11 114 Gen Motors (5). 66% 69% Gen Mot pf (7).. 103% 104 Gen Petrol (2).. 43 434 Gen Refrac (2) b56% 67 Gimbel Bros. 554 55% Gimbel Br pf (7) 104% 1044 Glidden Co. . 143% 14% Gold Dust . 40% 4l% Goodrich. . 89% 40 Goodrich pf ( 96 96 Goodyear pf. 9215 93% Gdyear prior (8) 106 106 Granby Consol.. 20% 20% Gray & Davis 5% 5% GrtNorthpf (5) 71 7l Grt Nor Ore (4). 87% 87% Grt Wstn Su (8) 92% 92% Greene Canan... 19 19 Gulf Mo & Nor 27% 27% Gu Mo&Npf6g 98 101% Gulf St Steel (5) 89 894 Hanna Ist (7)... 88 88 75% High. 1ow. Close. 6544 101% 89% 13 83% 72 105 14% 44 534 42% 100 161% 116 197% 122% 24 374 5% 125% 37 89% 13 2% 91 34 11% 2T% 109% 52 115 a1 81% 58 39 11% 964 108% 484 108% 50t 93 133% 887 66% 101% 90 13% 83 73 105 % 4% 53% 42% 101% 162% 116 1974% 122% 24 87% 5% THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Hartman Co (4). Hayes Wheel (3) Househ P (1334) Houston OIl. Hudson Man Hudson Mot (3). Hupp Mot (1). .. Hydraullc Steel . Illinois Cent (7) Il Cent pf (6)... Independ O11 (1) Indian Refining. Inland Stl (2%). Inspiration Cop. Int Bus Mac (8). Int Com Eng (2) Internat Har (5) Inter Har pt.(7) Int Mer Marine. Int Mer Mar pf.. Internat Nickel. Internat-Paper. Int Pap pf st (8) Inter Salt (8)... Inter Shoe (5).. Int Tel & Tel (8) Intertype (11%) Invineible Oll. .. Jewel Tea...... Jewel Tea pf. Jones Bros Te: Jordon Mot (3). Kansas & Guif.. Kan City South Kayser (Julius) Keily-Sprgfield. 1y Spring 1st Kennecott (3).. Keystone T & R. Kresge S8 (8) Kresge Dep Str. Laclede Gas (8). Lehigh Yal (3%) Lig & Myrs (3).. Lig & Myrs B (3) Lima Loca (4).. Loews Inc (2) Loose-Wiles Bis Lorrillard (3)... Loutsiana Oil. Louls & Nash (6 Ludlum (2)..... McCro (1.60) B.. Melntyre (75¢). Mack Trucks (6) Mack T Ist (7).. Macy HR & Co. Macy pt (7). Magma Copper. . Mallinson & Co.. Manatl (5)... Manati pf (7)... Manhat Shirt (3) Maracaibo OIl. . Market St 2d pf. Market St prior. Marland Oll..... Marlin Rockwell Martin-Parry 4. Mathieson Alka. Mathieson rts. .. Maxwell Mot A. Maxwell Mot B. May Dept St (5). May Dp S pf (7). Metro G pf (1.83) Mex Seabd (2).. Miami Cop (2).. Middle States. Midvale Steel. .. MinStP&SSM Mis Kan & Tex. MK & Tpf (5).. Missouri Pacific Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3). Mother Lode 750 Mullins Body..® Nash Mot (110). Nat Acme at Biscuit (14) Nat Cloak & Sut t Dairy (3). Nat Dept Stores Nat Distillers pt t Enamel &S t Enam pf (7) t Lead (8). Nat Ry Mex 2d.. Nat Supply (3).. evada Copper. N Y Air Br (4).. NY Central (7). YCStL(8)... C&StL pf (8) NY NH & Hart.. NYO& Wst (1) iagar Fpt1%. orfolk South orf & W (18).. Norf & W pf (4). North Am (3.40) North Am pf (3) North Pac (5)... Onyx Hoslery... Orpheum (1%). Otis Elev (151%) Otis Steel. . Otis Steel pt Owens Bot (3 Pac Coast 2d pf. Pacific Gas (8).. Pacific Mail. Pacific Ol (2)... Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Park & Tilford.. Penn C&C (4).. Pennsy R R (3). Penn Seab Steel. Pere Marq (4).. Pere Mar pf (5). Phila Co (4). Phila & RC&I. Phillip Morris Phillips Jones Phillips Pet (2). Phoenlx pf (7). Plerce-Arrow. . Plerce-Arrow pt Pierce Ofl. ... Plerce Oil pf Pierce Petrol. Pitts Coal. Pitt Tr Coal pr. Pitts Ut pt (1.20 Pitts & West Va Press Steel Car. Prod & Refiners Pro & Rpf (3%) Pub Ser N J (5). Punta Al Su (5). Pure Ol (1%). Radio Corp of A Ry Stl Spg (8) Ray Cons Cop. Reading (4). Reading rts. Reading 1st ( Bead 2d pf (2).. Remington Type Replogle Steel. . Rep Ir & Steel. . Reynolds Sp (1) Rey Tob B (3).. Roy Duth 4.42% St Joseph Ld (2) St L & San F (5) StLSanF pf (6).. St L Southwest. Savage Arms Schulte (8) Schulte pt (8)... Seaboard Afr L. Seabd Air Lipf.. Sears-Roebk (6) Seneca Copper.. Shattuck-Ariz Shell Union (1). Shell Un pf (6).. Simmons (2) . Simms Pet (50¢c) Sinclair Oil. Sinclair pf (8) Skelly Oil... Sloss-Sheft (6). Sloss-Shf pf (7). South Port S (6) South Pac (6). Southern Ry (5) South Ry pf (5). Splcer Mig. . Std Gas & Ei (3) Stand Mill (5) Open, 37 40% 36l #0% 25% 85% 17 1% 118 118 16% 6% 464 1% 117% 354 109% 114% 13 45% 26 9% 73 77 17 94% 25 21% 20% . 108% 19% 48 w 35 25 16% b2 56% 17 5004 44 112% 821 7% 67 70% 23% 613 824 36 21% 112 357% 935 1615 128% 106% 1097 110 123 12 19 20% 23% 1% 30% 85 30% 8 88 9% 70 53 24% 9 16 2\! 23 69 43 41 b4 844 85% . 165 2% 66 16% 58 123% 127% 9l 31% 25% 28% 17 % Lt 45 604 79 B2% 894 113% 110% 21% 40% lSlb‘fi % 23% 99% 33 23% 1% 82 245 B4% 5% 63 108% 81% B86% 18% 46 69 St ol Callf (2).® 63% StOIINJ (1). St Oll N J pf (7 Std Plate Glass. Sterling Prd 5% Stew Warner (5 Studebaker (4). Submarine Boat Superior Oil. Superior Stl (3). Sweets (new). Tennessee Coppe 42 . 117% bt 64 STAR, WASHINGTO! WITH PRICES FIRM Railroad Liens Lead Active Trading in Today’s Brief Market. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, January 10.—Bonds closed the week firm, not only specu- lative, but high-grade issues as well. Libertles held their gains of the week, which have been uniform throughout | the 1jst, responding to the Indications of easier money. Nor has any liqul- dation come into the high-grade sav- Ings bank rails, and quotations for this group have been practically sta- tionary, Indicating there has been lit- tle selling by the banks, notwith- standing the low return these obli- gations afford. The most impressive feature of the market is the firmness In the middle and second-grade {ssues. “olorado and Southern 43%s is an ex- amplo of one of the hest of these bonds selling today at the high point for more than a vear. Investment is- sues nsiderably lo r in grade were in better demand this week. Trading Active Today. Active speculation continued today in the high-yielding rails with two leaders, one the newly listed Denver and Rlo Grande Western refunding 63 of 1955, which attained a new high on this movement under heavy trans- actions, and the other the short-term New Haven bonds, the 7s selling at par in large blocks after having had a substantial rise yesterdsy. The strength in the New Haven fssues Is founded upon the assured suceess of the refunding plan. St Paul 4s of 1925 were also at one time fractionally higher today, but hero there is yet doubt about the re funding operation. When the de tails of the plan are finally made known large fluctuations in these bonds may be expected, as there is believed to be a heavy speculative interest both ways. Renewed inter- est In N. G. N. adjustments and in Missouri Pacific general 4s was evi- dent today, as it has been all the week. The first named is up about a point and a half on the week. Lending Rail Insues. Among the most active railroad is- sues have been the convertible bonds, such as New York Central 6s and Chesapeake and Ohlo convertible & The Central 6s, selling today at 11 were up 4 points on the week. Con- version privilege expires May 1 mext. Chesapeake and Ohio convertible &s at 109% today were up 2% points on the week. Forelgn bonds have lagged behind the general list all the week, but they showed a better tome today, United Kingdom 5%s of 1937 at 106 were up % of a point on the week. The 58 of 1929 equaled their record high to- These move with sterling ex- change. New offerings this week have been very heavy, due largely to the $125,- 000,000 American Telephone and Tele- graph 6s. Financing for German in- dustrial companies is expected shortly. CHICAGO GRAIN PRICES. CHICAGO, January 10.—Notwith- standing that this was the calendar date on which tradition favored the selling side of the wheat market, wheat prices today moved up brisk- ly during the early dealings. Pur- chasing was most conspicuous on the part of a house which recently was a largo seller. One of the incentives to buy was announcement that No. 2 red wheat, the ordinary contract grade here, had reached $2.02% a bushel at St. Louls, the highest price there yet this season. Estimate: were also current that the Europea: bread grain crop is 8,000,000 to $,000,- 000 tons less than the total a vear| ago. Opening prices, which varied from unchanged figures to 13 cent off, May 178% to 179 and July 1.53%, were followed by an upturn which carried Ma yto 1.80%. Corn and oats averaged a little higher, sympathizing with wheat. After opening unchanged to 3 cent down, May 1.29% to 1.29%, the corn market scored moderate gains. Oats started unchanged to % cent lower, May 61% to 61%, but soon ad- vanced. In line with hogs, the provision market held about steady. WHEAT— Low. May . 178% 15813 1461, 1.28% 1293 128% 813 Beptember OATS— May . July September T ay . July oo September Texas Co (3). Tex G Sul (17%) 104% Tex & Pacific... 46% Tex&PacC&O 14% Tide Wat Oil (4) 134% Timken (13%).. 40 Tobac Prod (6). 75% 75 Tovac Prod & (7 97 o1% Transcont Oll 5 Transu & W ( ll b 86 Unlon Ofl (1.80). 38% 3814 Un Pacific (10). 152% 151% | Un Tank Car (5) 123 124 Un Tak Car pt (7 115 115 Utd Alloy Steel. 34% 34 Utd Cigar (13%) 62% 627% United Drug (6) 117 17 Utd Ry Invest.. 22% 22% Utd Ry Inves pf. 58% 58 US Cast Iron P. 169% 169% U S Distributing 38% 381 U § Hoft (50¢).. 25 25 U S Ind Alcohol, 84% 83% U S Realty (8).. 124% 124 US Rubber..... 42 43 U S Rub 1st (8). 95% U S Smelting. 38 U S Steel (17 124 U S Steel pf (7). 123 Universal Pipe. 42 Untver P pf (7). 4% Utah Copper (4) 85% Utah Securities. L AT% Vanadium . 80% Va-Caro Chem. 2% Va-Caro Ch pf.. 9% Vivadou ™ Wabash. 221 Wabash p 58% Waldorf (1) 19 Webber & H (1) 18 West Ble pf (7). 114 West Maryland. 1634 West Md 2d pt. . 25% Western Pacific. 38 West Pac pf (6). 90 West Union (7). 120 ‘West Alr Br (8). 111 Westinghse (4) 7% Wheel & L Erle 16% Wheel & L E pf. 80% White Eagle (21 29% White Mot (4).. 4% Wickwire Spetie 1% Wilson & Co. 7 Wilson & Co pf. 21 Willys-Overlant 10% Wills-Over pf.. 6% Woolworth /3+. 123% Worthington. .. 7a% 214 Wright Aero (1) Wrigley (3)..... 48% 434 438 434 2% 2% 2% T2% YoungstnS&T. tPartly extra. $Payable fn preferred stock. given in the above table * oo 43% | 103% | 46% 14% | 135 40% 22% 68% 18% 18 114 16% 25% 3% 88 120 - 111 7% 164 30% 29 59% 19 18% 114 17% 26 38% 90 120 112% 8% 164 30% 29% % T4% 1% 1% 7 22% 19% 10% 10% 6% 764 24% 123% 5% 2% 2% 21% 112% T8% 16% 804 29% 4% 14 1% 22% 10% T6% 124 73 21% i North Am Ed | Pac T & T 18t 58 Dividend rates are the anpual cash payments based on the Iy or half-yearly declarations. Unless _otherwise latest quart: . extra or special dividends are pot included. C., SATURDAY, JANUARY 10, 1925 Recelved by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Saies are in $1,000.) Lib3i%s. .. Lib1st4%s Sales. High. Low. 1012 1019 8 101 31 101 28 101 30 256"1019 Close. Lib 2d 4% s. 240 10031 100 28 100 28 Lib3d4%s. 876 1019 1016 101 7 Lib 4 43%s. 358 10181 10129 10130 U S451944. 136100 24 100 21 100 21 UB4%§s'52. 74 10612 1057 1057 FOREIGN. Sales. High. 19 95% 7 9% 5 102 3 97 2 99 .40 87% . 26 93% 12 109 107%. 110% 93 824 1054 Y6% 102 102 103 100% 103 108 107 110% 90% 95% 56% 100 100 100% 95% Argentine 65 A. Argentine 6s B. Argentine 7 v Austria 7s. .. Bank of Japa Belgium fs wi. Belglum 6%s w { Belgium 7is Belglum & Berne 85 Bolivia 8s Brazil 7s. Brazil 7% Brazii 8s. Canada 54 1931 Canada 64 1952. ... Canada 6%s 1929, Chile 75 1942, Chile 851926 Chile 851941 . Chile 85 1946, Christiania 8s. Con Pow Japan 7s. Copenhagen 5%a. . Cuba 5%s. . Czecho 85 1951, Czecho s 1952 ot. . Denmark 6s. D E15%s Me! . D I 5%s Nov '53, Dutch East I 6547 Dufch East I 68 'A2 El Salvador 8s 48. . Finland s { 6s 1945 Framerican 7%s. . French 7s w | French Govt 7%3. French Govet 8 PO e - Celwbcontlonmp-abunomnnan Germany Greek 78 w Halti 6s Holland-Amer 6 Hungary 6% Japanese 4s. Japunese 63is. Jergens U M 6s 47 Mexico 53 assented Netherlands 68 '54. Norway 6s 1943 Norway 6s 19 orway 6s 19 Norway 8 . Paris-Ly's-Med 6s. Paris-Ly's-Med 78 Queensland 6s. . Rio de Jan 8s 1948. Rio de Jan 85 1947. Serbs Cr'tes Slo 88 Sweden 5%s ct Swiss 5125 1946 Ud Kingm 5 %; .83 117% Ud Kingm 5148'37. 59 1064 Ud Steam Copen 65 4 52% Wi 8215 91% 80 35% 101% 98% 984 98 2% 80 89 103 94% 93% 8614 99% 101 TP P o1t 2t9 8828 Low, Close. 9 95 101% 96% 29 8715 93% 108 107% 110% 03 82 106% 96% 102 102 102% 100 103 107% MISCELLANEOUS. Ajax Rubber 8s... 2 96% Am Agr Chem Tls 2 95% AmChainsf6s'33 8 974 Am Cotton Oll 5s.. 1 93 Am Smit & R 1st5s 2 97 AmSmit &R és... B 1054 Am Sugref 6s..... 24 101 AmT&Tcltrds.. 4 96% Am T& Tcltr5s.. 26 100% Am Tel & Tel 50 wi.. 129 958 Am T & T deb 5%s 19 102 AmT& T cv 6 Am Water Wks &8 Anaconda st 6s. .. Anaconda cv db s Andes 78 25% pd. ... Armour & Co4%s. Armour of Del 5%+ Atlantic Refin 5s Bell Tel Pas..... Beth Steel pm 5s. . Beth Steel rf 5s. .. Beth Steel 53553 Beth Steel s £ 6s... Brier H St 1st 5%s Bklyn Ed gen 6s.. Bklyn Union G bs. Bush T Bldg 58 '60. Central Leather 5s Chile Copper Col Gas & El5s... Commonwth P 6s. Con Coal Md 1st 68 Consumers Pow b8 Cuba Cane cv 7¢'3¢ Cuba Cane cvd 8 Cuban-Am Sug 8s. Denver Gas 5s. Dery (DG) 7s..... Det Elison ref 6s. . Donner Steel 7s. .. Du Pont de N 7%4s. Est Cuba Sug T%s. Empire G&F 7% Feder Metis 78°39. Fisk Rubber 3. Goodrich 6%s.. ... Goodyear 8s 1921.. Goodyear 85 1941.. 2 Hershey 6s1942... 1 Illinols Bell 1st 65. 15 Illinols Steel 43%s. 10 Indiana Steel 5s. . . Int Mer Marine 6s. Inter Paper b8 '47. KCP & Lt 55,A '52. Kan G & El 65'52.. Keyser (J) 7s..... Kelly-Spring 8 Liggett & Myrs 7s. Lorillard (P) 3. Manati Sug st T%s Marland Ofl 734s. . Marland O11 8s '31. Maxwell Motor 7s. Midvale Steél 6 Montana Pow b8, Mor's&Co 1st 418, " B e T Ll IHIr Y TS s vy » @ SoXocnnTmar e wransooon N Y Tel 63 '49 North Am Ed 6%s. Nor Ohio T&L 6s. . Nor States Pow 5s. Northwst B Tel 7s. Otis Steel 7 s»ss Otis Steel Paclfic Gas & E1 53 (1} A o e oo Pacific T & T bs Pan-American s Pan Amer Pete 7s. People’s Gas 53 Phila Co 5%s'38. Pierce-Arrow 8s. Pub Serv Elec 65.. Sharon Sti H 81 Sinclair Ol 6%8 Sinclair Of17s. - Sin Crude Oil 5%s. Sin Crude Ofl 6 Sin Pipe Line 5 South Bell Tel 5s.. So Por Rico Sug 78 Southwest Ball 58. Steel & Tube7s. Tenn Elec Pow 6s. United Drug6s. ... U S Rub 1st rf 65.2 U S Rubber T%s. . U S Steels £ b8 Utah Pow: & Lt 6s. Va-Car Chem 75’ Va-Car Ch 738 sw ‘Warner Sug 7841, West Elec 53 5 West'n Unlon 6%s Westinghouse 7s.. Wickwire Spen 78 Willys-Ov 6%8'83 Wilson & Co 1st 6 Wilson & Co ov Wilson&C cv 1%s. Winchester A 7%s Youngstn S&T 8s. @ S e PR o, @ - DO 1960 B 08 TS n 19 62 03 B 920 100 100% 83 99% 102% 965 105 99% 100% 8l 3 105% 1044 914y 764 5% 90% 98% 110% 107% 7T% 100 92% 61 58% 95% 954 162 96% 99 8714 93% 108% 107% 110% 43 82 105% 964 102 102 103 100% 108 107% 107 110% 20 95% 96% 102“ 96% 106 ° 99% 1007 857 03% 1044 0134 6% 45% 20% 984 110% 107% 78 100 93 62 -58% 101%°101% 95% ] ouT.’ NEW YORK, January 10.—General Motors Corporation mailed dividend checks In December to 36,688 common stock holders of record November 17 The total number of stockholders’ is now 66,097,-compared with §9,427 in DIVIDENDS SENT the preceding quarter. e EQUIPMENT ORDERS HEAVY. NEW YORK, January 10.—Railway equipment orders thus far in 1925 are valued at approximately $20,000,000, Rallway Age estimates. 95% and include 6 locomotives, 9,020 freight cars and 49 passenger cars. -RAILROAD. Sales. High. Atchison ady 83 Atchison Gen 4s... 11 AdanticCL istds 6 B&Oprind% O SW aiv 2%s. B & O Toledo 4s. .. Bklyn-Manbat 6s. Canad North 6% Canada Pac deb Car Clinch & O 5 Car Clinch & O 6 Cent of Ga 5% Cent of Ga 6s Central Pacific 4 Ches & O cv 4%s. Ches O gn 4%s Chi & Alton 3%s. . Chi & At 3%s otfs. Chi B&Q 1st rt is. CB&Q-Tdlv 4 Chi& EIgnbs. Chi Great West O M & Puget Sd 4s Chi M & 8t P 4s°25 80 CM&StPdb 4 CM&SLP gn 48 '8! Chi M&St P ov 4% 58 Chi M&St Prt d%s Chi M& St Pevbs CCC & StL 58 Cleve Tarm 5 w i. Colo & Sou 4% Cuba RR bs. Cuba RR1%s. ... Del & Hd xstrt 4s. 11 Del-Hud cv bs35. . 51 Del & Hudson 534 Den & Rio G cn 4 D & Rio G imp 5 D&RG1stress.. D & Rlo G Wat 6s. 378 Det United 43% Erle gen 48 Erfe conv 4s Erle cony 48 B Erie conv 48 D Erie & Jersey 68 Gr Trunk st db 6s. Grand Trunk 7s Great North §s Gr North 5%s. Gr North gen 7 Hud & Man ref 55. Hud & Man aj Gs.. 111 Central ref 4s. . Int Rap Tr 5i int Rap Tran Int & G Nor aj Iowa Cent 1st 5s. . Breaam Lormmnnnnmmm Kansas City S 3s.. Kansas City S 5s.. Kan Cy Term 4 Lake Shore 4s '28. Lake Shore 4s°'31. Louis & N uni 4s.. 8 slanhut Ry cn 4s.. Market St Ry 78 MIIEIRy &L M & St'L1st ref M StP & SSMcn M StP & SSM 54s. M StP & SSM 6%s. MK &Tadf6s.... MK&ToprinssA. 47 MK&T4sB MK&TésC Mo Pacific gei Mo Pacific B Mo Pacific és New Or Term 4s.. 17 NOTex & MinSs. 2 NO Tex & M 5%s.. 11 N Y Cent cn 4898, 20 N Y Cent deb ds. NY Centri N Y Cent del N Y CenL8cl3l%s NYChi & StLoWs 4 New Hav d 48 '87.. New Havcdés.. New Haven 7 New Haven 7s tr. 210 A AR RO | NY,Ont, Wsistds 1 NY Rys adj 5s ct NY State Ry 44 NY W & Bos 4%8. Norfolk & W cn 4s Norfolls & W ev Northern Pac 33 Northern Pac 48 Northern Pac 63 Northern Pact | 68 29 Ore Short Lref ds. 3 Pennsyl gen 4%s. 90 Pennsyl gen 5s.... 51 Pennsyl 634s Pennsyl gold s Pere Mrq 15t 4 Pere Marg 18 Reading gen 4s. .. Rio G West 1st 4s. Rio G Westcl 4s.. St L IM&S 4829 St LIM&S R&G 48 StL&SFpLesA.. StL&SFprin st Foks © Crnmman = @ St1,8 W con 4s "33 St P & KCShL 4%s St P Un Dep 5% Naumwam‘;;mvc‘na-.obmm—n Sou Pacific 4s'29.. Sou Pacific ctl 4s.. Sou Pacific ref 4s. Southern Ry &n 4s Southern Ry 1st bt Southern Ry €8 ct. Southern Ry 6%s. ‘Term Asso St L 4s. Texas & Pac 1st 58 © nemnBand Un Pclstrf Unlon Pacev Virginia Ry st 5 Wabash 1st 58.... Western Md 4s. Western Pacificss 8 91 West Shore 1st Wilkes B&E ll! Sa‘i 63% DIVIDEND ON NEW STOCK Fisher Body Votes le.nf- of $1.25 Per Share. NEW YORK, January 10.—Directors of the Fisher Body Corporation to- day declared a, dividend of $135 on the new stock. which recently was ex- changed on the basis of four shares of new for one of old. The old stock pald $10 a share annually. GRAIN AND PROVISIONS. nuary 10 (Special). per 100 pounds, 1.25 a1.50; sweet -potatoes, barrel, 2.50a 6.00; yams, barrel, 2.60a4.50. Beans, bushel, 1.50a3.00. Beets, bushel, 3.00. Broceoll and kale, bushel, 50a60. Bru sets sprouts, quart, 10220. Cabbage, ton, 33.00a35.00. Savoy, bushel, 1.00. Carrots, 100, 5.00a7.00,- Catli- flower, crate, 2.75a3.00. Celery, crate, 2.0024.00. Cucumbers, bushel, 4.00a 7.00, Eggplants, crate, 4.00a6.00. Let- tuce, basket, 1.00a3.00. Onions, 100 pounds, 3.00a3.40. Oysterplant, 100, 7.00a8.60. Parsnips, basket, 60a6s. Peas, hamper, ~2.00a3.50. Peppers, crate, 4.00a6.0 Spiniach, bushe!, 1.00a1. Squash, crate, 4.00a5.00. Tomatoes, crate, 3.00a5.50. Turnips, basket, 50480, Appies, packed, 'barrel, 3.00a7.00; bushel, 75a2.00. ~ Cranberries, box, 6.00a7:00. - box, 1.75a2.75. Oranges, bex, 3.5804. 75a | FINANCIAL BONDS CLOSE WEEK! Coxev vor BONDS sroce st HOUSING SHORTAGE STEADILY REDUGED Most Tenants, However, Fail to Reap Benefits by Reduc- tion in Charges. RY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, January 10.— The shortage of dwellings throughout the United States has been steadily de- creasing for the last six months, but tenants in most Instances have to dig just as deep Into the family ex- chequer as ever when rent day comes around. The decline in need for busi- ness structures has Leen even more marked, but business men in only a small percentage of the representa- tive centers had had their rentals lowered. 1In both cases the indication of increased business activity and prosperity in the next six months forecasts few changes downward. A survey covering 259 cities shows that at present only per cent of thesé have housing shortages, while the needs of 43 per cent are fully supplied. When the vear opened, however, 65 per cent of the repre sentative centers announced rents sta- tionary, 17 per cent showed advances and 18 per cent had reductions. The fall in rents was most marked in the North Central section of the country, where 50 per cent of the cities have lower rent levels. On the other hand, 62 per cent of the cities in the South- east showed advances. Single Dwellings Demanded. There is more demand for single family dwellings at this time than for any other class of structures, but even those cities which report short- ages {ndicate that the undersupply is slight. This fact indicates, how- ever, that in the next 12 months the Rreatest increase in real estate ac- tivity will be sort The larger cities are fust catching up with the needs for dwellings, the smaller cities still are far from reaching a normal ratio between de- man and supply. It is an interesting fact that scores of the smaller cities indicate a lack of apartment houses. Even the suburban districts, which formerly were composed of small homes for the most part, now are building apartments. noticeable at Summer and Winter re- sorts and in the sections within com- muting distance of the larger cities. | Overbullding Noted. In 27 cities there has been over- building of one type or another in the last few months and it is easy to overestimate the importance of the present deficiency in other places In only 26 per cent of the repre- sentative cities is there a lack of business structures. In spite of that fact business rents jgave advanced in 45 per cent of these, are stationary In 47 per cent, and have fallen. in only 8 per cent. The decreases havé been mostly in the South Central part of the country, where 1d- lords dropped charges in $6 per cent of the cities. & NFILLED U. S. STEEL ORDERS INCREASE 1a Associated Prees. W YORK, January 10.—Unfilled orders of the United States Steel Cor- poration on December 31, made public | tod: totaled 4/816,756 tons, an in- crease of 784,787 tons, compared with the end of the preéceding month. Washington §tock Exchange SALES. 65 '33—$1,000 st 103. & Elec. g. & ref. 65 "33— Capital Traction—10 at 913 . 10 at 913, 10 at 91%, 5 ac 91 or, V% Washington K e ped— Merchadia Bank & 17 3 Lanston Monotspe—s ut 79%, at 79y, Wasbington G Washington Kwy. $1,000 at 100. 0 at 1% at_Ja: at 9%, 10 AFTER CALL. Lanston Monotype—10 at 703, 20 wt 9%, 10 ut 9%, Riggs Natiopal Bank—3 st 30715 raction Co.—% at B1%,. Electric g. & ref. 10 at 9%, 4 at 01% Ts 413200 at tion Co.—10 at 913, 10 at 91% Washington Gas 6s '33—$200 at 1018, Bid and Asked P: BONDS. PUBLIC UTILITY, American Tel. & Teiga. 4s Anacostia & Potomac oy Auacostia & Potom: & P Telephone Georgetows G Aetropolitan K. Potomme Electr Potumae Elec. Cous. § Powmae Eiec. 0s 1953... Pot. Elec. Pow. g m. & re Kealty ox (ong) . KiEEs Remlcy 5 \(short) Soucuern Blag. Sig.. . Market Coid 5to; Wardman Fark Hotel 6s. STOCKS. PUBLIC ULILITY. American Tel. & Telga. 1338 Caplial Traction. Washington Ges.. Nortolk & Was. Steamooat. ... Columbla Commercial District Eurmers & Mechanics' Federal-Ameican Liberty - Lineoin Nationnt’ Metropolituu = TRUST COMPANY. Amer. Security & Tm-\ Merchunts' Bank . .\llmul} Bavings & nLrust. SAVINGS BANK. Commerce & Saviugs East Washiogton . 305 113 il Columbia Tit) el metate Litie. MISCELLANBOUS. Aicrchants® Trausfer & Storage. Mergestonler Liuotype Nati. Mige. & nv.” prd. 0Old Duteh Market com. uld Dutey Market pl Laasiou Sowstspe Security Niorage . W abiing . vk Yellow Cab. *Ex. dividend, 4% extra 110 Prite in properties of this but | { declare This trend is| RIGGS BANK STOCK SELLSAT30T 12 Other Local Issues Strong in Extra Interesting Sat- urday Market. BY CHAS. P. SHAEFFER. Under the leadership of Riggs Na- stocks on the Washing- change en a strong The na- advanced to its the increase in al several vears ago, five shares ng at 3071 In like manner, k o0f the Merchants' Bank and Trust Company advanced to 332% on sales of 25 shares. recording a net gain of half a point. Capital Trac- tion w Strong, but unchanged, at 91% on sales of 77 shares referred continued at its level, 10 shares sell ston enjoyed relativi at fractionally above shares changing hands, unding and general r was the onl b unusual interest nkers Discuss Trade. of Dist s’ Association h bank issue level since sales of ity in trade circles during 19 committees include r building, which is headed by How M. Nevius, J. M McKee us mem- ade and financing man, and B. A . jr., and H. L. and mortgage com- Petit, chairman, and C. D. Boyer and Buden rchants manu ers, Jame man, and nk J. St ley @nd W. W, and recipients were bafore and after the the b had entered home. Bank Votes Initia he Interna d its i of 3 per cent, kholde Dividend. of & per cen Deposits on Dece Del Ve T. Fuller, Giver: Louis R Alfonso failures od | report only ates at Dun & Cc this pe been miand in cer ative large 3 ventorying, as usual early in January, and a falling off in new comm s 1o be look- ed for under the it With relatively small stocks of goods d 3 t seems logical to expec increas lately prevailed, and the ber of buyers that have c market show that supplies has becor many instance some cases proved. to be lnl'ger than had been anticipated. a tail distribution, even with a rec rence of mild woather in some tions, holds up w. COTTON QUOTATIONS UNDER YESTERDAY Good Trade Buying Develops and Liverpool Reports Good Spot Demand. inted Press ‘W YORK, January 10.— The cotton market opened barely stea today at a decline of 5 to 14 points under 'lquidation and local si promoted by. reports of ralns Texas. March eased off to 23.2 July to 24.25, or about 10 to 15 points nét lower in the first few minutes, but the market recovered all but two or three points of .the_loss on trade buying of both old and new crop months. General business was quiet The amount of cotton on shipboard awalting clearante was estimated at 163,000 bales against 151,000 last year Liverpool reported that prices thers were inclined to ease because of the advance in sterling but that there was & good spot demand NEW YORK, January 10.—Cotton futores closed steady at net un- changed to five points down. High. Range. January 23.65 - March . . New Orleans Quotations. NEW ORLEANS, January Cotton futures opened steady. 23.66 bid: March, 23.80; 24.20 bid; October, 23.50, NEW ORLEANS — Cotton futures closed steady at net decline of 2 to 6 points. 10.— Janu- May, Range. Jannary 23.70 Maren 28.84-86 May . 5 241114 July 3 17 242728 Detobier 285435 Spot cotton steady, 10 points down. Sales on the spot, 190; to arrive, 954; low middiing, 22.20; middling, 23.70: good middling, 24.20; receipts, 6,559; stock, 434,925. e - BOSTON STOCK MARKET. BOSTON, January 10.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Amoskedx Caln & Hecla.. Carson Hill in . Conmer J T, Copper Jtange Aergenth: Pacific M Quincy .. Utah *Mefal Ventura 0il Warren Bros