Evening Star Newspaper, January 12, 1925, Page 20

20 *9 FIN ANCIAL. ~ NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 12, 1925. FINANC TAL. PRIBES IRREGULAR RAILROAD BONDS OND: EARLY ADVANGES IN STOCK MARKET General Motor's Active—Oils Again Do Better—Many Rail Shares Sold. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, January 12.—The gen- eral price movement on the Stock Ex- change was irregular the greater part of the time today Raflway stocks were not as promi- ment as they had been. Profit-taking made itself felt in certain low-priced members of the group. especially Western Marviand second preferred Reading, which had left off Saturday at 79%, touched 80 agaln. But nelther in its case nor In that of the other leaders like Lehigh Valley, Unfon Pacific, Southern Pacific and New York Central, was any disposition in dicated immediately to renew the ad- vance. General Motors Active. The Missour! Pacific stocks, how ever, showed cxceptional strength, with the preferred up to a new high as it reached 81 The Street has been discussing for some time re- ports that a plan for refunding back dividends, which now amount to 32% per cent, is belng worked out eral Motors was again one of leaders of the industrial sec- There was some talk of buying iuter but the main ex- planation given was that the way carnings are now running share- holders might forward to more the present $5 rate. The allied du Pont shares g as usval, and Fisher Body, fol- ing last rise of nearly 14 had another spectacular jump. was in response to the dec- n initial quarterly divi- on the new Fisher Body 1volves an_equivalent 1 the old sWares Olls Again Do Better. ontinued to do better. Par- ticular strength developed in Cosden abova 30, and In Tidewater. The ad- vance in others, ltke Pacific Oil, Phil- 1ips Petroleum, Marland, General Pe- leum and Barnsdall, was compara- ely small, United States Rubber was siveng for & time, and so was Goodrich. But the rest of the rubber and tire shares were not much affected. International Mercantile Marine preferred was given quite a whirl, and International Paper was bid up around .61 The s in Western Unfon was attended hy the usual talk of an Increase in the dividend from 7 to 8 per cent TLoe Replogie Steel, Vanadium, Manhattan Shirt, Beechnut Packing all stood out more or less promi- nently. American Locomotive crossed 112 for the first time, drawing alons with it some of the other equipments, especlally Railway = Steel- Springs. United States Cast Iron Pipe made a pew high as It struck 172 Run-Up in Stecl Common. Shortly before the beginning of the last hour United States Steel, after an enormous amount had been | taken just beiow 125, finally pushed| rough that figure for the first time It was a notable occurrence and ac- celrrated operations for the rise in other directions MARKET CLOSES STRONG. the bi 1 Ly new went Wall Street Stocks Stage Sharp Rally at Close. By the Assortated Press NEW YORK. January 12—Stock prices rallied briskly today under the leadership of [United States Steel common, which crossed 125 for the first time since 1917, and General Motors, which sold at a record top above Ralsing of the renewal rate on call money brought about me irregularity in” the early trad-| ing, but the selling was well ab-| sorbed. Total sales approximated 2,000,000 shares. | The closing was strong. Several violent advances were recorded in the late trading, Nash Motors jumping © | points and Sears Roebuck, General Electric, Bosch Magnetp and Americal Locomotive climbing 3 to 4 points. Markets at a Glanee NEW YORK-Stock strong: United States Steel common st 125.. Bonds firm; several rail liens at new highs. | Fore'gr: exchanges Irregular; stevling | gains slightly. Cotton firm! reduced East Indian crop estimates. Sug lower; commission house selling. Cof- | foe steady; rumors labor trouble in Brazil CHIC gon; good sympathy Hogs firm TOBACCO MEN IN ROW. Dispute Arises in Virginia Mar- keting Association. DANVILLE, #0—Wheat highest of sea- h demand. Corn higher: wheat. Cattle irregular, January 12— Sharp feeling between members of | the Tobacco rowery’ Co-operative Marketing Assoclation not content with the present method of the asso- clation’s conduct and members of the assoclation opposed to their stand is said to have developed from the ef- forts of the former group to hold a meeting at Yanceyville, N. C., today, according to telephone advices here. The element descrihed as being loyal to the present administration gained control and those who called the | meeting withdrew. At 2 o'clock the opponents of the present method of gonduct, about 400 in number, were; waiting on the courthouse green, message received here stated. SHOBT TERM SECURITIES. (Quotations fu Aluminum Co. of Amer. Aluminum Co. of Auer. American Sugar Gs 1087 American Tel. & Tel. s i@ Anaronda Copper 1920 Anglo-American Ol Tigs 1 Associated Ofl 6a 1085 Beil Tel. of Canadn Ss 1625 Central of Georgia 6% Central Leather 5s 1625 & Ml & St. Paul 8 19340 1. R 1 & Pucific 3t Colgmbia Conginental Du Poot T%s 1081. Fedcral Sngar Ref. Fisher Body Corp. #s }gn, Morrly ade % New York Central 86 1835000 Oregon Short Line 48 1030 Ponna. Rt. R. 75 1980...7 Pure Ofl 5ias, Aug Swift & Ca. s 103 Guics Tidewnter Ol 6ty 16312000000 Union Tank Car 7s 163 1. 8. Rubber Ties 10 Westorn Unlon 6tys_10 Westinghouse M. Wheeling. Stec BUTTER LOWEB TODAY CHICAGO, January 12, Lower; creamery, extra: rds, 383 ; ext second. 234 | c | Cont Can (4) { G mocors plete Open. 6% 41% 102 14 61 90% 13% 20¢ Abitibl Pow (4). Acme Coal pf. Adams Exp (6). Adv Rumley. ... Ad Rumly pf (3) Alr Reduct (15). Ajax Rubber. Alaska Gold. Allfed Chem €4). Allled Cm pt (7) Allls Chalm (4). Am Agricul Chm Am Ag Chm pt. . Am Beet Sug (4) Am Bosch.. Am Brk Shoe (5) Am Can (18).... Am Can pt (7)., A Car & F (12) AmC&Fpf (7). Am Chain A (2). Am Chicle...... Am Chicle ctfs. . Am Drux Snyd. . Am Express (6). Am & For Pow. . Am & Fr P pt(7) Am Hide & Lea. Am Hide & L pf. Amice (1)....., A Internatl. .. Am La France (1 Am Linseed. Am Linseed pf. Am Locomo (6) . Am Loco pf (7). Am Metal (3)... Am Radiator (4) Am Ry Exp (6). Am Republic. Am Safety Raz.. Am Ship & Com. Am Sm & Ref (6) Am§ & Rpf (7). Am Stl Fdys (3) Am St1 Fy pf (1) Am Sugar. Am Sugar pf (7) Am Sumatra. ... AM T & Tel (9). Ant Tobacco. AwrTobaceo (B) Am Tobac pf (6) Am Water Wks Am W W pt (6). m Woolen'. Am Wool pfd (4) AmZinc....... Am Zine pt Anaconda (T5¢). Anp Arbor Ann Arbor pf Armour Del (7). Arn Cons & Co. . Asso Dry G (5) As<o D G 1st (8) Asso D 2d (7)... Asso OIl (1%) AtT&BFe (T). AT&SFpf (5). Atl Birm & At... Atl Coast L (18) AtGuif & WI... AtGulf & W Ipf Atlantie Refiinin Atlas Tack. Austin-Nichola Austin Nle pf (T) Auto Iinitter. Baldwin L (7) Bal & OKio (6) Bal & Ol pf (4). Bang & Ar (3).. Barnet Leather. Barnsdall A.. Bayuk Cigar Beech-Nut (3) Bethlehem Steel Beth Stl pf (7 Eeth Stl pf (8) Booth Fishertes. Bkl Edison (8).. Bric-Man Tran:. Brklyn Un G (&) Brown Shoe (4). Buff & Sus (19% Burns Bro (10). Burns Bropf (7). Burns Br B (2). Bur Add Ma (3). Butte Cop (50¢) . Butte & Superior Butterick Co. ... Caddo Central. . Cal Packing €8) . Cal Pete (1%) .. Calif Pt pf (7). allahan Zinc. alu & Ariz (2). Calumet & H 50¢ Can Pacific (10). €ase Thresh pt.. Cent Leather. .. Cent Leather pf. CRRNJ(112): Century Rib (2) Gero d Pasco (4) Certaln-Teed. Chand Mot (3).. Ches & Ohio (4). Ches & O pt (6% hicago & Alton hic & Alton pf. Chic & kast .. r West. “hic Gr West pt. Chi Mil &St P. Chi Mil & § P pf Chi & Nwn (4. Chi & N¥w p? (1) Chi Pneu T (8). - Chi'R 1 & Pac. CRI&PRLES). CRI1&PDIED. Chi Yellow C (4) Qhile Cop (234). Chimo Copper. .. Cluett Peab (5). Coca-Colo (7). Colo Fuel & Iron Colo Southern. . Col G & I (2.60). Col G & Ept (7). Congol-Nalrn (2 Conley Tin Foll. Consol Cigar. ... Con Distributrs. Congol Gas (5) Consol Textile 118 3% 15 46 41 60% 921 12 134 88% 87% 104% - 836 9615 6215 954 124 26% €6 43% 464 47 106% 42% 14% 274 4% 6% e €8s Cont Inaur (& Cont Mot (80¢). Corn Prod (2).. Cosden Co. ... 10 39% 29 | Crucible 8t1 (). Crucible pt (7). Cub Am Sug (3). Cuban Cane Sug ub Cane Su pf Cuba Dominl Cuban Dom pt Cuyamel Fr (4). Daniel Boone Davison Chem Deere pf (3). Del & Hud (9). Del L & W (8). D&RGWstpl.. Detroit Ed (8):. Dome Mines (3). Doug ectin (1) Du Pont (8).... DuPant deb (8). Duquesne pf (7) Eastman (18)... Elec St Bat (15) End-John (3). Erl s Erle 1st pf.. Fairbks (2.60).. Famous F1 (8) Famous pf (8). 108 Fed Lt & T (*7). 134 Fed Mineg pf (1) 61% Fid Ihoenix (8) 166 Fisher Body (10 276 Rubber. 18% hman lfl) B4y l-oundauon 6). 9l Freeport-Texas. 10% Gardner Motor.. 8% Gen Am Tnk (3) 38 Gen ATC pf (7). 9835 Gen Asphalt. 607 Gen Beking (60, 148 Ger Cigar (8)... 98 Gen Cig db (7).. 108 Gen Electric (§) 302% Gen Ll spl (80c) !I\v- 7 Gen Mot ot (7)., 103 58% 15% 16 143 95% 105% 110% 67 1% 8274 45% 35 99% Eg ‘& Higher; receipts, 1, firsts, 56a57; ordinary firsts, refrigerator firsts, 44addl4, Gen Petrol (2).. 2% Gen Refrac (2).. 66k B4% H L 41% 102 15 b1 908 18% 20e i 18 8% 16% 46% 4% 46% 102 163% 116 199% 125 6% 26% 1% 264 45% A% AT 105% 42% 14% 2% 4% % 4% 69 C109% 111% 10% 40% 31% 78 96 29% 106 48 &7 h. Low. 66% 41% 100% 14 51 20 13 20c B3l 17 72% 14% 4478 40% 42% 101 161% 116 195 122% 24 89% 37 5% 158 86 90 12% 1% 91 84 1% 27% 5T% 109% 119°% 51% ed In today’s 5130 editiom. Close, 66% 41% 100% 15 51 90 134 | 20e 83% 117T% 2% 15 45% 4l 444 102 1634 116 199% 128 24 38 5% 134 88% 87% 1047% 3645 9% 624 95% 12 o8 47% | Gimbel Bros. ... Gimbel Br pf (7) Glidden Co. Goodrich. Goodyear pf. | Gdyearpror (8 Granby Consol Gray & Davis Grt North pf (5) Grt Nor Ore (4) . Gre-Wstn Su (8) Guantangmo. . . Gulf Mo & Nor., Gu Mo & Npf§g Gulf St Steel (3) Hartman Co (4). Hayes Wheel (3) Homestake (17) Househ P (13%) Houston Oft Hudson Man. Hudson Mot (3). Hupp Mot (1) 1llinols Cent (7) 111 Cent pf (8) . . Indepena O11 (1) Ind'un Motorcyc Indian Refining, Inland Stl (24). | ! Intand Sti pr (7) Inspiration Cop. Interb Rap Tr.. Internat Agri. .. | Int Cement (4). | Int Com Eng (2) Internat Har (5) Int Mer Marine. Int Mer Mar pf. . Internat Nickel. Internat-Paper. | Int Pap pt st (8) Int Ry Cent Am. Int Tel & Tel (6) rtype (f134) Invincible O11.... Jewel Teapf.... Jones Bros Tea,. Jordon Mot (3). Kansas & Gulf, n City South. yser ‘Julius) Kayser pf (8). .. Keily-Sprgfield. Kelsey Whi (6). Kels Wh pf (7)., Kennecott (3).. Keystona T & R. Kinney GR.. Kinney pf (8) 274! Kresge 88 (3). . 45% 93 b Kresge SS pf (3) Laclede Gas (8). 142 | Liee Rub & Tire. 94% 104% 847x 118% Y3l 31 151 984 14584 98 108 305 108 Lehigh Val (3%) Ll:& Myrs (3). Lig & Myrs B (3) { Lima Loca u).. Loews Inc (2). Lo | Loose- Wiles Bls o0%c W 1st (7). | Lorrillard (3) Louisiana Of1..". Louis & Nash (6 Ludlum (2) | MeCro (1.50) B.. Melntyre (75c). Mack Trucks () Mack Trk 2d pd. Macy HR & Co. | Magma Copper. . | Mallinson & Co. Manati pe (7).s. Man Elev gtd..., Man 2l md g (5) Manhat Shirs (3) Manila Elec (n). | Mararatbo OIl.. Marland O1l. . Martin-Parry 4. | Marlin Rockwell Maxwell Mot A. Maxwell Mot B. May Dept St (8). May Dp S pf (7). Metro G pf (1.89) Mex Seabd (2).. Miumi Cop (2).. Middle States. .. Midind Pr pf (8) | Midvale Steel. .. Minn & St Louls MinStP&SSM Mis Kan & Tex. MK & T pf (5).. Missouri Paclfic Missouri Pac pf. Mont Power (4). M atgom Ward. Moon Mot (3)... Mother Lode 750 Mullins Body... Nash Mot (110). Nat Biscult (14) | Nat Cloak & Sut Nat Cl & S pf (7) NatDairy (3),. | Nat Dept Stores Nat D) St 1st (7} Nat Distillers pt Nat Enamel & 8 at Lnam pf (7) t Lead (3). Nat Ry Mex %d.. Nat Supply (3).. Nevada Copper. INOT&M123%. { NY N Y Air Br (4).. N Y Air Br A (4) N Y Cunners (2) N ¥ Central (7). NYCStL(6) StL pt (6) NH & Hart. NYO & Wst (1) Niagar Fpf1%. Norfolk South. . Norf & W (18).. North Am (3.40) North Am pf (3) | North I'ac (5).. Onyx Hoslery ... Onyx Hos pt (1) Orpheum (1%). Otis Elev (153%) Otis Steel. Owens Bot Pac Coast 2d pf. | Pacific Mail. Pacific O11 (2) packard (11.50) Packard pf (7). Pan-Amer (4).. Pan-Amer B (4) Panhandle Varis & Bsta. .. Park & Tilford. Penn C&C (4). Pennsy RR (3). Penn Seab Steel. Peoples Gas (8) . Peoria & East.. Pere Marq (4).. Pere M prior (5) Phila Co (4).... Phila& RC&I. Phillip Morris. . Phillips Jones. . Phil-Jones pf (7 Chillips Pet (2) Pierce-Arrow.. Plerce-Arrow pf Plerce A prior 8. Plerce Oil. .. .. Plerce Ol pf. Plerce Petrol Pitts Coal. Pitts St pt (7). Pitts Term Cor Pitt Tr Coal pr. . pitts Ut pt (1.200 Pitts Ut ctfs 1.20 Postum-Cer (4) Press Steel Car. Prod & Refiners Pub Ser N J (5). Public Serv rts. Pullman Co (8). Punta AlSu (5). Pure Of (1%). Radie Corp of A Radio-C pf (3%) RSIICcrs (4). Ry sti Spg (8).. Ray Cons Cop 1 | Reading (4).... Rezuing 1st (2). gy () | Rewington 42% | Replogls St 55 Rw Ir & Steel. . Open. 55%, 104 14% 9% 92% 108 20% 5% 71 3% 2% 5% 27 8% 88 87 40% 50 3% 9% 28 i 17% High. 56% 104 14w 42 £33 106% 20% 5% 1% 87% 92% 6 27 98K 89% 37h 404 50 86% 1Y% 26% 3% 174 118% 118 17% 18 6% 46% 107 82% 82% T8 03K 364 1094 13% 48 26% 61% T4% 19 26 215 104 19% 49% % 34% 244, 891y 17w 97 i 109% 33% 90 s 28% 295 27% 40% 364 124 B0% 354 109% 123 TR, 20% 244 1% 1014 80y 23 564 29% 77 874 9% 693 524 4% 1] 15% 212 4% 23% 69+ 99% 43 41% 02 - 6i% 854 87 162 2% 6678 15 115% 58 56% 844 123% . 128 viy 32 254 283 243 87 9% 56% 16% 103 65% 6on 3% 1% 35 21 48% 2% 113% 19 684 80 8T% 52 IBK 89“. 384 1ik 90 101% 58 87 14% 14% 99 64 24% 69 244 u7 44 109ia 123 19% 214 4% 1% 101% 3044 2% 56 304 8 25'¢ 9% Received by Private Wire Direct to The Star Office Low. 56% 104 14 39% 92 108 204 54 70% 37 92 5% 27 284 874 a7 40 8% B4 9 25 5% 1% 107 1830 182 % 664 15% 116% 54% 56% 844 123% 1284 91 32 6% 28% 24% 131% 4“ 6% 0% 20% 9% 264 v 10% 494 a7 9% 564 15% 108 66 66% 34 1% UB% it 48% 8 13% 20' Sty B0k 57% 52 16% 904 Ul a9% 1445 49% 90 24 30 &% 54 101% 58 874 14% 14% 99% 64% 30 oyl 24% 14T 4 30%,° 30% 674 50 70 156, 15% 9% €8 50 71 159 16% 804 389 4 824 22% 2% 2% 85 15Y% 115% 53 56% 33% 123y 128 91 814 4% 28% 244 130% 2% 16% 704 20% 9k 26 91% 10% 48% 87 3% Bb% 16% 103 65% 64% 1% 4% 21 484 % 1131 19 Because of the abnormal volume of trading om the New York Stock Exchange at present, it Ix Impossible to get complete elosing quotationn In time for the regular edition of The Star, Final and come otations will be Close. 55% 104 14 42 924% 106% 204 5% 1% 87% 2% 3 27 Y84 89% 874 40 4 861y 81% 26% 85% 17% 118 118 16% 17% 64 465 313 32% % 62% 354 108% 13% 4% 258 | 61% 74% 19 93% 26 214 104 194 % % 34 24% 894 17% 974 57 681 80 87 50% 15 85 89% 384 43 b2 22 62% | Rey Tob B (3). . Rey Tob pf (7) | Submarine Boat | Superior Stl (3). |-Telautograph. . | Timken (13%).. SCORE NEW HIGHS Active Buying in These Is- sues Is Feature of Trad- ing as Week Opens. BY GEORGE\T. HUGHES. Special Dixpaten to The Star. NEW YORK, January 12.—Excep- tional strenggth in the high-grade savings bank raliroad mortgages was the feature of today's bond market. Not in a month has there been such active Interest shown In this class of security. It is likely, that the market represented the efforts of dealers to anticipate. bank buyings. New York Central 3%s advanced a point and & quarter, and at 78 was within a point and’ one-elghth of its record high for over a year. This bond represents the highest typs of raflroad investment honds. Sputhern Pacific refunding 4s were very strong up nearly a point. Fractional gains wers made by New York Central 5s which touched par, Lehigh Valley consolidated 4s, Union Paclfic first 4s and Atchison goneral 4s, the latter crossing 89 Colorado and Southern 4354 equaled the record high of last year at u. A special case was Rock Island re- funding 45 above 85. This Issue has hid some wide fluctiations recently. At times sales have been made In the outside market at higher prices than quoted on the exchange As much as 36 is sald to have been paid last week. Today's quotation was higher than anything recorded fn 1924. The buying was said to be based on the jdea that acquisition of the road by Southern Pacific which is confidently predicted, would ralse the investment status of tha bon Prices of United States Government bondy were stationary or even a shade lower. Speculative ralls were active, with most of the changes on the upside. Denver and Rio Grande Western 5s gained over & point under very heavy transactions. Next in strongth were Seaboard Alr Line, & above 36, and the same roxd's ‘r. funding 4s above 61. On thefr earn- ings, both Issues have been under- vulued. Missourl Pacific 65 got up to Par. S. Loans Made Lower. Foreign Group Steady. New York raflway issues responded favorably to the annuoncement of progress in the reorganization, plan Among the sugars Cuba Cane 8 sold abeve par. Forelgn bonds were steady changes weré mostly fractional Among the day's new offerings were Price 13,000,000 Jamajca water supply (New York City) 30-vear 53%s at 933 ADVANCE IN FLOUR. BALTIMORE. Md., January 12 (Spe- Ah advance of:25- cents per barrel on. ail grades of Western flour was announced here this mormng. 1% 1% T5'% T5% 119% 119% 115% B3 58 ozl 4 4w 9% 60 B9 W 9% T8 BU% BOW B0 71 7 0% 87% 874 873 113% 113% 113 110% 110% 110% 21% 21% 21% 39% 39% 394 168 171% 166% 15 1% 1% 42 429 425 28% 23% 234 23 33 324 268% 26% 26% 18 18w 17% 82% B4% 82l 243 24% 85 Bav 107 106% 8l 50% :;w. 8 w 1 45% 4:: 69 69 63% 63 41% 41% 1UT% 117% T64% 5% 3% 3% 45% 45 10 10 5% 40 18% . 43% 104 « 46 14% 18% 134 404 T4% 96% 5% 34% 40 384 151% T4% 124 115 33 834 u7 Biss 207 1684 8% 244 X3% 106% 1z 43 Pres ar 46% 128% 123 4% 4% 88% 46% 204 204 9in 79% 66 - % 224 58% Al 18% 18 111% 16% 24% 374 120% 110% % 18 304 29% 4% 1 29% 7 2t 1oy 5%, 1224 78 124 21 434 Reynolds Sp (1) )'Ih 1% 6% 9% be% - a4 60 9% 50t 71 8% 1% 110% 21% Koy Dutn 4.42% St Joseph Ld (2) SUL & San F (5) StLSanF pf (6).. St L Southwest. $1L Swn P vage Arimi Eenugte (3) Schuite pf (8). Seaboard Alr L. Seabd Alr L of. . Sears-Roebk (8) Seneca Copper. . Shell Trad (2.08) Shell Unifon (1). Simmons (2)... Stmms Pet (50¢) Sinclair Of: .. Sinclalr pf (8). Skelly Oil. .. Sloss-Sheft (6). South Pac (6). . Southern Ry (5) South Ry pf (5). Spicer Mi Std Gas & El u) Stand Mill (5) . | 8t 0l Calit (2) StPUNJT (1), - il N J pt (7). Stew Warner (5 Stromberg (6).. Studebaker (4). 28’\ 18% 84m 25h 854 1075% Bin 85. 184 44N 174 T6% 5% 5% 10 514 40% Superior OMl. ... . Tennessee Coppy Texas Co (3. Tex G Sul (17%) Tex & Pacific... Tex & i'ac C & O Third Avenue. . Tide Wat Oll (4) 106% <6 14% 136 4014 5% Yk obac Prod (6). Tobac Prod A (7 Transcont Oil. .. Transu & W (3) Underwood (3). Union Of (1.80) Un Pacific (10). Un Pacpf (4)... Un Tank Car (5) Un'Tak Car pf (7 Utd Alloy Steel. td Clgar (M%) nited Drug (6) Utd Drug 18t 3% Gtd Fruit (10).. US Cast iron P. U S Distributing U S Hoff (500). . U S Ind Alcohol. U S Ind Al pt (T) U S Realty (8). U 8 Rubber U S Rub st (8). U'S Smelting. .. U SSmpf (3%). U SSteel (17).. U S Steel pt (7). Universal Pipe.. Univer P pt (7). Utah Copper (4) Utah Securities. Vanadium. Van Raalte... Va-Caro Ch pf.. Va Ir C&C pf (5) Va Ry & Power. Vivadou. Wabash \vnu-: v: a- Wabash p: Waldorf (1%) 18 18% Webber & H (1) 18 13 West Pen (4)... U2 112 West Maryland. 17 174 West Md 2d pf.. 254 26% Western Pacific. 37% 37% West Unfon (7). 120% 122% West Alr Br (8). 111% 111% Westinghse (4). kil ki) Wheel & L Erle. 16 Wheel & LE pf. 80 ‘hite Eagle (71 20% White Mot (4 4% Wickwire Sp 1% Wickwire pfd.... 2% wilson & Co.... 7 Wilson & Co pf. 21 Willys-Oyerian¢ 10% Wills-Over pf.. 76% Woolworth /3.. 128% 124 Worthington... 74 T4% Worthington B ( 724 724 Wright Aero (1) 21% 14 Wrigley (8)..... 48% &3 404 40% 39% . Yellow Cab. ... Youngsth S & T. 3% 16 3% preferred {lartly extra. $Pasable § UDividend raies k. given e wbuce are the annual cash puyments bured of }n:.n- qllln"ILul hl xa.o-e 7 7ol e o special divideads - are Ill.. 38% 151% 4% 124 115 8% 63% ni 544 210% 169 38% 25 83% 105% 123% 44 - 264 “h 38 38 46% d6% 124% 125% 123 123% 42% 43% 4% - bW 88% 88% 47% 48 304 814 204 204 9% 9% 9% 79% s 65 ™ 1% 22w 22% 6R% 59% 4% 414 118 54k 210% 172 39 25 36 108% lflh 69% 6% 42 Dl 148 | UNITED ‘sTATE BONDS: (Balet are in 81000 Lib3s. Wit 1074 1b1s Lib 24 4 1 100 24 100 24, 100 26 Liblat 4% 5 61 10138 101 26 108 25 Lib 2d 41s. 247 100 81 10027 100 27 Lib3d 4%s. 199 1018 1014 1015 Lib 4 4%s.. 292 102 10125 10125 US4s1544. 89 100 24 100 19° 10019 US4%s52. 26105 93105 105 FOREIGN. Bales. High. 24 95% 2 954 3 1024 27 98% 8% 93% 109 107% 93 85% 824 105% 96% 101% 102 102% 102% 100% 107% 107% 424 9074 95% 98% 100 100 110% 100% 110% 95t | 9614 100% 100% 86 994 920 100% 103% 94y 834 924 B4y Levw. Close. 95 95 95% O5H 102 162K 96% 96% 98% 984 8% 81% 93% ' 93% ,108% 108% 10715 167% 82" 92% 85 86 (820 ‘824 105% 105% 967 « Y67 10114 101% “101% 102 102 102 ¢ 102% 102% 100% 100% 107% 107% 1073 107% 42% 42 9014 90% 95~ 95% ahY - 96% 160 360 995100 110% 110% 100 . 100 110% 95% Argentine 65 A..... Argentine 65 B.... . Argentine 7s.... Austria 7 A Bank of Japan 6s. Belgium ! Belgium 74, Belgium 8s Braz(l 7s. Brazil T%4s Brazil 3s Canada bs 192 Canada 5s 1931, Canada 581952, Cnnada 5345 1929 Chile 7a 194 Chilo'Ss 1941 Chile 85 1946 Chinese Gov Ry Con Pow Japan openhagean 5 CubaBigacr.o oy Czecho 8s 1951. Czecho Ss 1952 cf. Danfsh Munic $s B Denmari 5 DE1 n‘-:! Nov '53. Dutch Fast 1 6s'47 Dutch t Finland s f 6s 1945 Framerican 7i4s. . French 7s w i French Govt 743 { French Govet 8s.. Germany 7s w1, Greek T8 wi... Haiti 8s. . 5 Holtand-Amer §s. Hungary 6%s. . Japanese 4s. . Jupaness 618 Jergens U M Lyons 6s. Margellle 68 Mexico 4s '04 asntc Mexico G assented Monteviden 7s. Netherlands 6 therlands 6 orway 6: Norway Norway 65 195! Norway 8s Orjent Dev deb 6x Puris Orfeans 7s. . Prague T%s. ... Queensland 6s Queenxland 7s. ... Rio de Jan 85 1946. Rio da Jan 8s 1947, Rio Gr Do Sul 8s. . Suo Paulo State $s | Seine Dept of | Serbs Cr'tas Sio 8n | Sweden 534, Swiss Dies 1946, Tokio58. ... . .. | Ud Kingm 5%4s 29 33 417 Ud Kingm 5%8°'37. 59 1063 MISCELLANEOUS. Ajax Rubber®s... 2 96% Am Agr Chem 7% Am Chainsf58'33. 8 87% | AmSmit & R1st5s 2 97 Am Smit & R 6s... 8 105% | Am Sug ref 6s. 101 Am T & T cl-tr 4 96% Am T&T cltrfs.. 26 100% Am Tel & Tol 3 wi. 129 95% Am T & T deb 5%s 19 102 Am T & T ov 6 1294 Am Writ Paper 6: 46 Anaconda 1st 68 101 | Anaconda cv db 78 59 103% | Anden 7o 25% pd. 1004 | Armour & Co 4%s. Armour of Del 5%+ Associated Ofl 68 Atlantic Refin bx. .- Barnsaall s £ 8s Bell Tel Pa Ss. | Beth Steel pin.5s. . Beth Steel 5%5°53 Beth Steel s £ 68 ! Brier HSt 15t 5 Bklyn Ed gen 5 | Callf Pote 638, ... Can Ger EE17eb 8s. Central Leather B Chile Copper &8 Col Gas & El & Col Gs & El 5s sta. Commonwth P-6s. Con Coal Md st 58 Consumers Pow- 58 | Cuba Cane cv it '3t Cuba Cane ¢¥d 8s Cuban-Am'Sug Denver Gas s Det Edison 58 '40. | Det Elison ret$s. | Du Pont de N 7338 Duquestie Light 6s 1 Est Cuba Sug s AL - [ 101% 67 & Argrem - SEESGcnmananoan wen 14 964 954 96T 964 105% 100% 964 100% 9 101% 129% 46 100% 1034 100 85% 914 981 104 st R 2 L B N e 7] ) ¥6% 9% 94 100 108 924 100% 107 108" 10 106% HOEY PR 109 101% 108 115% 100 974 934 8% 88 95% 99% 102% 97 89% 99% 961 128 105% 834 98% 8% 100 18 861 101% 96 10615 108% Yo% 1024 102 2% 93% 92% 99 94y 99% 93 105% Baith 102% 100% 104% 104 108% 85 91% 1004 %3 29% 98% 99% 104% 1007 8R% 101% 1044 ol 6% 45% 80% 9014 8% 110% 107% 78% 100 %2 59% 57w 96 oo Ban Goodyear 84 1331 Goodyear 8s 1941. Humble O&R 5%s Mlinols Bell 1st 58 IMlinois Steel 44s. | Int Mer Marine 6 Inter Paper 68 '47. KCP & L.t 55 A '52. Kan G & El 6s'52.. Keyser (J) 7s..... | Kelly-Spring 8s. | Lackawa 885 °50. Liggett & Myrs 55. F Lorillard (P) 58 Magma Cop cv 7 Marland Ol T%s.. Midvale Steel 5s. . Montana Pow & Mor's&Co 1st 4% New Eng Tel 58 N Y Eden 1st § ‘G EL H&D N Y Tel 4%s N Y Tel 68 '41. N Y Tel 65 45. North Am Ed 68 North Am Ed 6% Nor Ohlo T&L 6t Nor States Pow Otis Steel T%s Ots Steel 8. ... Pacific Gas & Bl 53 PacT & T 1st 55, Pacific T& T bs. Pan-American 6s. Phila Co 5%s'38 Phila Co ref 68 Phil & Rdg C&L & Public Service b Pub Serv Elec Punta Alegre 78.. Sinclair Ol 6%s. . Sinclair Oil 78 Sin Crudé O11 Sin Pipe Line 58 South Bell Tel 5 Southwest Bell b8 Tenn Elec Pow és. Tide Wat Oil 6%s United Drug 6 U S Rub st rf U S Smelter 6s: U S Steels £ 5s. Utah Pow & Lt 58. Va-Car Chem 78 Va-Car Ch T%s sw Warner Sug 78'39. Warner Sug 7s "41. West Elec bs syest’n Union 8%8 Westinghouse 7s.. Wickwire Spen 7 Willys-Ov 8%s'33. Wilson & Co 1st 6 | ‘itson & Co ov Wilson&C cv Th Youngstn S&T 68 LARGER GRAIN EXPORTS. Grain exportz from the Unitrd States ‘Idst ° Week we.e . 2301000 | bushels, compared with 3,466,000 th previous wéek, Commerce Depart. ment figures today stated. 9% | i +Nortnern Pac r I ~ ey, Yor BN IS srock excaance I Rudv-i by Private’ Wire Direct to The Star Office. RAILROAD. Bales. High. Low. Close. Atchison adj 11 82 82% 82% Atchison Gen ds... 13 89% B88% #9% AtlanticCLcl4s.. 2 864 86% B6W Atlantic CL 1st4s 16 90% 90% 90% 20 100 100 100 26 874 LT% 8% 40 89% 8%% S9N .85 87 B6h 564 30 100% 190% 100% 15 10314 108 103 41 101% 101% 101% .13 B4k 8% B4 QSWdivas, 2 99% 99% 99% B &0 Toledo 4s 1 69 69 69 BKIYA-Manhat 63, 74 8414 88'% 834 Buff R & Pitt 4%s. 32 88K 874 8T% Canada North 7 2 116% 1164 1T6% Canada Pagdeb4s. 1 79% 9% 7T9% CarClinch & 0 §s. 10 106% 1067 1068% Centof Ga Blis 1 99% 994 Centof Gags...... 1 103% "103% Central Paolfic 4s.- 254 28 r-na.&u.«vus 95% 954 Ches O zn 414 BB £8% Chea & ORio £v 83, 143 10844 108% Chi'& Altod s 824 “hi & Alton 3% 4% Sies 4518 £Q gn 4s'38. 12 88% &Q 15t rf Bs. 101% Q-LF3%%s. 82 6% 60% 574 78 66% 595 gee 'azmsvn A P gn 41k ChIM&S!t Prf 4%s Chi-M & St P cv by Chi M & StP 6s ChiRT& D gn ChiRT&Pre Chi Un Sta §148 Chi Union Sta bi Chi & W Inc cn 4s. Chi W Ind 71; ce e Sy w i, Colo & Sou 4%s Cuba R R bs. Del & Hd 1st rf 4s. Deb-Hud ev §s'38. Del & Hudson 5%3 Den & Rio G cn 4 D & Rio G Wst Erle 1st cons 48 Erfe gen 4 Erie conv s A. Erfe conv 48 B. Erle con ext 7s Erie Genessee R 65 2 Gr Trunk sf db 6s. Grand Trunk 7s. Great North 5s. . Gr North 538 Narth gen Il Central ref 11l Cent ref b8 1il Central 514s Int:Rap Tran | Int Rap Tr 68 int Rap Tran 6 Int. Rap Tran Int &G Nor 1st 6s. Int & G Nor aj és. Towa Cent 1st 5 Kan City Ft § 4 57 824 0% 894 £dle 884 95% 82% 93 1024 106% 54% B6% 864 10344 80% 94 8744 Tl 102 B4% 85% - 100 Lake Shote 4 5 Lake Shore 45 '31. Long Island rf 4s. . Louls & N uni 4s.. Louis & N 65 B. Louls & Nash 548. Man Ry 2d 4s 2013 Mil El Ry & L 38 MStP & SSM 5 MStP & SSM 615 MEK&TIutda.. MK & T adj 5 s MK&TprinssaA 47 MK&T4sB. [ MK&T 6sC & Mo'Pacific gen 4a.. 82 Mo Pacific 58'65 4 Afo. Paclfic 68 Montrl Tm Ist 5s.. 14 944 NO Tex & M6is.. 11 98% (N Y Cengend¥hs.. 6 178 'NY Centon 4s'98. 20 B84% N Y Centdebds... 2 94 7 100 188 116% 4 94 2 1028 4 56% e i KON e T - N Y Cent ri 58 NY C&StL6sA. New Hav d 45 ‘67 New Hav c d 6 56 904 New Haven 9% NY,Ont, Wsistds 1 68% New York Ry r4s & NY Ry rtdsctfs... 11 NY Rys adf §s ct,. 22 NY W & Bos 4%8. 6 Norfolk & W cn 4s 1 Norfolk & W cv 6 Northern Pac 3s. Notthern Pac 45. . 131 60% 85 108% 100% 96% 1044 8264 93% 102% 703 i.110 108% 354 88 94y 95% 9344 83% 844 5% 03 Bdk 14 64 9314 855 70 11021 80% 85% 83n 4% 61 6% 857, 98% 85 88% 4% 100 104% 1075 84 100% 557 49 91% 845 9% 106 103% 954 63% 100% 95% €4k 91 82 724 Ore & Callf 1st Ore §hort Liref Ore Sht Licn 53 '46. Ore-\Wash 1st rr-4s 26 Pernsyl gen & Pesnay] gen b Pednsyl §13 Pennsyl gold Peoria & I Inc Pere Marq st b PorRL&P 6 Reading gen 48 Reading gn 4%s. Ric G West 1st 43 Rio-G West c. 4s.. RIATK & L4 % StLIM&S 45 '28 . St L1M&S R&G 4 St L&SF pl4a A StL&S Fpr In 84 San A & Arn P 4s Seab'd A L 4s sta Seab'd A Liref 48 Seab'd A L adj b8 Seab'd A L'con 6. Sou Pactfic 4s 2! Sou Pacific ctl 4, 2 Sou Pacific ref & 8 Southern Ry gn 4s 18 Southern Ry 1st 63 1 Southern Ry 6sct. 6 Southern Ry 6%s. 2. Term Asso St L 4s. 26 Texas & Pac 1st 58 1 Third Ave ref Third Ave adj Union Pac 1st 4 Unlon Pac 1st rf 4s 29 Union Pac 4s '27. Un Pe 1strf &8 Union I'ac cv 6s. 18 - 26 5 50% 2% Bl 903 105% 104 95% 934 3 101 95% 647 91 82 T2% Wabash 1st 5s. Wubash 2d 58 Western Md 4 Western Pacificés 3 West Shore 1st ds. 1 Wheel & L E cn 4s. Wilkes B&E 1st 58 84 64 Wisconsin Cent 4 804 80% —_— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) inal Selling checks Tne. 91 R4 0% 1 1 2 London. pound ... Moutreal, dollar | Paris, frase . irussels, franc Berlin, mark Rome, " lira Znrich, franc Vienua, crown . 58K | hudnpest, erown . Prague, crown . Warsaw, sloty . Copenhagen, crown Christinia. crown Stockholm crawn { kers IN WHEAT PRICES Reports of Larger Export' Business Also Help Corn and Oat Values. By the Associated Pross CHICAGO, January 12,—Wheat scored early advances in price today, owing mote or less to dearth of offer- ings here arid to gossip that consider- able export business was in progress. Besfdes, advices were at hand that prospects for the new wheat and rye crops in Hungary ars poor and that | wheat stocks in Poland, Czechoslo- vakia and Vienna will soon be ex- hausted, An upward tendency in for- eign exchange rates tended also to strengthen wheat values. The open- ing. which varied from unchapged figures 10 1. jower, with _ May 1.80% t0 1.80% and July 1.53% to 1.54. was followed by gafns all arou Wwith May touching as high as 1,82, Corn and oats wers responsive wheat: strength. After opeming un- changed to 3 -off, May. 1.28% to 1.28%, tha corn market stored a mod- erate udvance Oats started at 1 to 14 lower,-May, 61% to 61%, and then ralind Provisions reflected an upturn in| quotations on hogs. { WHEAT Righ. Low Clows | v € 1.8 YRy Beptemer i CORN Mar July Beptombar to Open 1507 1'naaf L Taaiy 1 1 COTTON OUOTATIONS OPEN WEEK STEADY Early Prices Shghtly Under Sxtuh‘ day’s Close—Cables Are Disappointing. | NEW YORK, January 12.—The cot- ton market opened unchanged to 5 points lowar today and seld 12.to 14| points below Saturday's eloxing undar | liquidation and local wird Southorn | selling promoted by dlnlppomnnw' Ll\rrrnr-l cables. Mareh declinzd to| 74 and July to 24.36.although thered nsiderable covering-and- a 1it-} trade buying oh.a:seale down, ! Private cables satd TAverpool had been | influenced by the advance in sterling | and selling’ of mnear months by bro- with United States connections New Orleans Quotations. NEW ORLEANS, January ~The cotton market opened easiar flHhfluglL Liverpool cables came in dhoul “s due. "First trades showed losses of 3 to 7 points, but the market rallied | after the opening cdll to a slight! gain over Saturday's close, but promptly eased off again, March {rad- | ing down to 23.70, May to 23.98 and| July to 24.17, or 10 to 14 points under the previous close. Washinéfon Stock Exbhange SALES. ction 55—$1.000 at 994 Cone. Se—$1.000 at s8ls, §1.000 95%. $1.000 at 983 Co. -8 Light Capital Potomac E 2t 98%, £2,000 o Capital Tract Washington Ameriean Recurity & Trust Co. 10 at 04y Janston Monotrpe—10 at 79%, 10 at 79 10 at 783 Nationat Mtge. & lovest. pfd.—30 at 9% AFTER CALL. tal Traction Co.—10 at 82, biogton Gas Light—10 at 537, ashiugton Rwy. & Elec. g. and r, 8a '33— $1,000 605 g = Moaey—Call loans, t o ust 10 at | 5 a0d 6 per cent Bid and Asked Prices. BONDS. i PUBLIC UTILITY. American Tel. & Telg Amer. Tel. & Telga. Am Tel & Tel. ctl Asked. 4 3 tr. Be..... Telephone 3a. C. & P. Telephone of 3 . | Capital Traction R R 5 § City & Subsrban 5s.. Georgetown Gas 1st Metropotitan R. H. Potomac Electric Tut 3 Potomac Elec. Cons. 5 Botomac Eiee. 0o 1050, Was 2 Wi b 1wy, & Eiec. gen. 6s MISCELLANEOQUS. . Paper Mfx 378PL. Bi Rigs Eouthern Blde. 6%n h. Market Cold Storage. Wardman Park Hotel oo STOCKS. PUBLIC UTILITY. American Tel. & Telga. Capital Traction. ashington G - Norfolk & Wash. Steamboa Wash. Rwy. & Elec. Wash. Rwy. & Elec. Terminal Tm com. Capltal . Columbia Commercial District . Farmers & Mechanics Federal-American Liberty Lincoln National Riges Second . National Bark of Washingten. TRUST COMPANY. American Securl é Commerce & Savings Fast Washington jecnrity !nvlnu & et oars” abates. Washington M MISCELLANEOUS, Merchants’ Transter & Storage.. 110 Merpentualer Linotype Nati. Mtgd & Invest. pid 0ld “Dutch Market com Old Duten Market pfd. Lanston Moautype . § Sane Bld. .., 100532 100 " Otter | sales of 30 shares. enit | These Pwity | ment. {almos o 'ber 22 1N TRADING IS LIVELY INLOCAL STOCKS Week Starts Off With Strong Prices at High Levels. Other News. BY CHAS. P. SHAEFFER. Washington Stock Exchange izs were traded in at strong prices and high Jevels this morning Leading the list was stock of the Lanston Monotype Machina Company which advanced fractionally to 79% of Capital Traction also s0ld ut ite recent high, 92, an add lot changin, nds at this figure. Wash ington Gas was firm at 53% and % # trend being upward, while Na nal Mortgage and Investment pre red was active to the extent o ) sMares af 9%. American Securits and Trist Company opered at 307 establlsh A new high by a full point, ‘but “cubsequently eased off 1o _ Bona were firm. Capital Traction 53 #old half a peint und par, while Potomac Blectric consol:- duted s brought 9812 98%. Ra'l way -general and refunding 6= of 19 sold-ap 96 Insurance Plan Adopted. The Chapin-Sacks Corpor ntracted with the Missouri & e Insura Co. providing. ber 5f the corporation riificate of life and total suran cording ract, each en who has served six months, or will be given a policy in t! 3500 his length ncreases the insurance w praportionate until hes the maximum of $1,000 30 employes are covered Li me dlsa is =0 arranged w company that sheu leave tha company 1 to carry his Insurance payment of 4hs pre to the. insurance eon no medical examinatior quired The service of the insurance com- pany includes the distribution of cir ilar matfer and pamphlets whic will enable the employe to keep hin in better physical condition amphlets are written by doc nd physical culture men of na 1.reputation All _employes the corporation the plan Dire sur the ‘ineuran employa tien of ‘the will Dbe plants of covered b f the District Title In Washington Title and Insurance Co. and the Lawyers' Title and Trisurance Co, will be elected this afternoon for the ensuing year. X change m the existing rosters are anticipated Program at Institute. seheduled the Regularly speakers w aard by local chapter, Amear- 0 Institute of Banking, this wae Tonight J. Donohue will lecture before andard banking class Joseph K. Mover addressing the ounting class tomorrow. On Wed- nesday night R. B. Dickey wil cor duct the commerc law class ex nation as prescribed by the na tional headquarters of the Institute The following night Eliot H Thomson address the bankingz fundamentals c'ass, cofncidentall ¢ith the public speaking class which ] mest ut the Washington Stock ange rooms. On Friday night Donohue will lacture befors the and R. Gor the credits be standard economies o'a den Finney will hear he annual chapter will be the night of February in_charge of r B. Deyber, . Eliot F.P. H Florenca M. Miss Lois A. F. H. Cox Chaney is ommittee. reporting the ness in its histofy for the the Amerfcan Surety Com- alysis of net claims incur- banquet of the leca! hed at the Willard 21. Commit- the affair in- reception and H. Thomson Siddons; pub- Willer; deco- White, and chairman o largest 24, {red shows big increases over the pre- year in the fidelity bond, bur- and forgery insurance depart- However, the official bond side of the business and the court and de- pository bond department in claims = incurred compared to the previous vear have shown contrasting reduc- tions In speaking of the Year's showing, the company’s president cites an In- crease in business of his company in ery department during 1924 there plishing _another high record for all time. Claims incurred were high, however, and rosulted in increased loss ratios fn several di- visions of business The most favorable factors were reductions in the amounts of claims incurred in those bonds written for public officials, court bonds and de- pository bonds. This last class show reduction | vious glary the exceedingly high number of fail- ures during the preceding year. More Surplus Cars. seasonal decline In frefght reased the number of sur- cars in good repair on American railroads by 35454 cars during the week ended December 31, when the total was 266,252, The figures, made public today by the American Rafiway Association listed in the surplus 108,189 coal cars an {ncrease of 7.859 over the Decem figure. A trafiic plus freight GRAIN AND PROVISIONS. BALTIMORE, January 12 (Spectal) —White potatoes. per 100 pounds, 1.2 0; sweet potatoes, barrel, 2.50a 600 ms, barrel, 2.50a4.5( beans bushel, 1.50a3.00; beets, bushel, 3.00 brocoll and kale, bushel, 50a60; brus- sels sprouts, quart, 10a20: cabbage, ton, 30.00a35.00; savoy, bushel, 75a1.00: carrots, 100 pounds, 5.00a7.00; caull- flower, crate, 2.75a3.00; celery 2,0024.00; cucumber: 1.50a7.50 eggplants, crate, : lettuce basket, 1.00a3.00; onfons, 100 pound- 3.00a3.40; oyster plant, 100 pounds, 7.( a8.00; parsnips, basket, 60a65; pea; hamper, 2.0043.50; pappers, crate, 4.0 26.50; spinach, bushel, 1.00a1.33 squash, crate, 4.00a5.00; tomatoes, crate, 8.00a6.00; turnips, basket, 50 3.00a7.00 50 acked, barrel, cranberries, bo; grapefruit, box, 1.7 oranges, box, 3.00a8.75. Selling Prices at Noom. Wheat . 2°red Winter, spot, ¢ port, 1.87%: No. 2 red- Winter, spc domestic, 1.96%; 2 red Winte garlicky, domestic, 1.96%; No. 3 rec Winter. garlicky, no quotations. Sales—None. Corn—Cob, new, vellow, spet, 6.2. per barrel; track corn, yellow, No, 2 141, Sales—None, Oats—No. 2, 66 per bushel; No. no “quotations. Rye—Nearby, spot, 1.59. Hay—Reeceipts, 11 tons. For the better grades of timothy and choice 1ight clover-mixed hay there is'a fair demand wt full quotations and the supply of good hay Is limited. Low grade and inferior hay is draggy and of uncertain- value, Guotations today—No. .2 timothy. 20.30121.30: No. 3 timothy, 17.00a39.01 1 light clover, mixed: 1.20a1.35; No. 2 rye, No: 2 clover, mixgd, 17.00a15.00. Btrl‘-\ln. 1 wheat, 12.00013.00 per * 214.00 per ton.