Evening Star Newspaper, January 15, 1925, Page 28

R ey FINANCIAL. THE EVENING STAR. WASHINGTON, D. C, THURSDAY. JANUARY 15, 1925. FINANCIAL. . TRADING DROPS OFF e vore: srock: eccruance:| BONDS MAKE GANS) [ BONDS o] PRGES OF WHEAT | CAPTALTRAGTIN = INUPHARDSHING REACHES NN HIH: Received by Private Wire Direct to The Star Ofiice ‘ % 4Th | Run-Up Today on Local ’ “ | Received by Private Wire Direct to The Star Office. |N wALL STREET‘ . Open. e 09, . . Low. 1:30. | 'N SEVERAL ISSUES UNITED STATES BONDS. 1 Sales. High. i bitibi Pow (4). 64 Indlan Refining. 6% 64 (Sales are in $1,000.) U SSteels fbs. 104% Sl | S s s1 | Advance in Liverpool Help to | A Acme Coal pf.... 43 Insptration Cop. 4 32 { s N Bulhe: High.'Lew, . Qlows: /L Géan POW' s Tt bb 92 Ad Rumly pf (3) 60 Interb Rap Tr. .. 80% 80% Lib3is... 179 10112 1018 10110 | vy Car Chem 7s...125 178% 92% 924 981 98% Lew. Close. 104% 104% | Atr Reduot (15). 90 Internat Agri 9 <9 | Liblst4ks 58 1021 10115 1021 | va CarChi%ssw 7 47% a Lib . 23 REee St TnECtmenure g Livsa v§5 358 1008 Tors ot | WarnerSusieze. o 8 Allied Chem (4). 82% Internat Har (5) 107% Lib4 4%s.. 224 10125 10120 101 25 ll’th;;"‘e:fil’ i i1 9§9: 68 83% 107% 53 350 107% Some Strong Spots in Spite; Mexican Liens Stronger on of Heavy Selling in Many | Allled Cm pt (7) 117% Recent Favorites. Wi | Allis Chalm (4). { Allts Chim pf (7) Am Agricul Chm | Am Ag Chw pt. . | Am Beet Sug (4) x. | Am Bosch. . 76% 104% 15 4504 40 44N Inter Har pt (7). 114% Int Mer Mar pf.. 45% Internat Nickel. 25% Internat-Paper. B58% Iron Prod (4%). 88 Jewel Tea pt 108 114% 4BN 25% &8 108 15 | Talk of Debt Payments. Other Strong Spots. US4s1844. 75 1001 US4ys's2. Sales. Argentine 5s. Argentine 6s A. 8 100 15 5 104 28 104 23 104 23 FOREIGN. High, 83 9514 83 95 100 18 111% 111 111% Low. Close. Willys-Ov 6%s'33. Wilson & Co 1at 68 Wilson & Co cv 6s. 83 96 107% 82 100 934% 614 107% 82 100 83 60 107 82 100 23% 614 Market—Corn and Gats Also Are Stronger. Board—More Banks Name Officers for Year. BY STUART P. el Dispatch to The Star. NEW YORK, January | Argentine 6s B. | Argentine 1024 Austria B il 97 Bank of Japan 6s. 16 99 Balgtum £s wi. .. 878 Belgium ¢ 4 Belgium 74 109% Belgium 8s. 107% 110% 93 954 954 102 965 987 874 93% 109% 10734 110% 93 95 102% 96% 9874 B7% 94 109% 107% Jones Bros Tea. 19% Jordon Mot (3).. Kansas & Guif. . Kan City South. Kan C So pf (4). Kayser pf (8)... Kelly-Sprigfield. Kennecott (3).. Keystone T& R. BY GEORGE T, Special Dispateh to The Star NEW YORK, J in today's bona trated upon speclal issues. Among the speculative rails the ader was again Seaboard Air Line “onsolidated sixes which made an- ther new high record today. Selling Kinney G R. 4t 89 the price was three points above | Kresge 88 (8). . the best during 1924. The refunding Kresge Dep Str. 4 % | 4= ulm'mmc a new high today at 9y 2. A fractional gain was recorded 1.=§1Rg=bvfi|7(‘;§'; by the udjustment Bs. All this e () | strength slmply represented tardy e »gnition of the greatly improved Lima Loca (¢).. roing power of the Seaboard and Loews Inc (3) conviction that yields of over 7 Eofe . ., its bonds were out of Loowe- Wiies Bis The Seaboard is expected to :"’"I’}l"do(fl) h;'lal\;:::}:):.lly favorable De- L.ouislana ' Eoulh ML Sinclair 6x Active. Ludlum (2). | Another speculative bond In which = more 'than the usual interest was ;‘:é‘:',{_:::‘;z?fi) taken was Sinclair 6s of 1 untiy Macy HR & Co recently dealt in on the curb ex- e o change. Their strength was in sym- e pathy with that of the stock. Siu- Mol sy clair 7s improved fractionally. Vir- Man El md g (5) ginia l'avr-“nu 4'Iw‘n 1 7s were In up more than a point, while :::f_"i\;fir"*}s-) n Agricultural us’ were Maracaibe Ol1 at their recent high. The buy- | V[lr|l.l’|d ofl ing was based on the idea t these | ‘eruh‘?.n_" companies would benefit b the im- ifl-xwell MD{A.‘ nroved purchasing power of the Maxwell Mot B, May Dept St (5). Mex Seabd (2).. Miami Cop (2).. Middle States. .. Mis Kan & Tex. ME&TDf (3).. Missouri Pacific Missour! Pac pf. Montgom Ward. Moon Mot (3)... *Morris & FEssex Mother Lode 75¢ Nash Mot (110). Nat Biscult (4) Nat Cloak & Sut NatCl & S pt (1) Nat Dairy (3).. Nat Dept Stores Nat Dp St 1st (1) Nat Distillers pf Nat Enamel &S Nat Lead ( Nat Ry Mex 2d.. Nevada Copper NYAIrBr (4).. NYAir Br A (4) N ¥ Central (7). NYCStL (8).. NYC&SEL pf (6) NY NH & Hart.. NYO& Wst (1) NY Steam pf (7) Niagar Fpf 1%. Norfolk South. . Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (5)... Orpheum (1%). 5 Otis Blev (15%) Aluminum Co. of Amer. Qherley) Aluminum Co. of Amer. PG Amertcan Sugar 08 1087 ... .. Qtis Stesl pf_ ... American Tel. & Tel. 85 1935 wens e A Pac Coast 2d pf. Pacifio Gas (8).. Pacific O11 (2)... Pac Tel & Tel. .. Packard (11.50). Packard pf (7). Pan-Amer (4).. Pan_Amer B (4) Panhandle...... Park & Tilford. . Ponn C&C (4).. Pennsy R R (3). Penn Seab Steel. Peoples Gas (3) . Peorta & East Phila Co (4) Phila&RC & Phillip Morris Phillips Jones Phil-Jones pf (7 Prallips Pet (2). Plerce-Arrow.. Pierce-Arrow pt Plerce A prior 8. Plerce Ofl. Pierce Ofl Bf. Pierce Petrol. Pitts Coal. Pitts Term Coal Pitt Tr Coal pr.. Pitts Ut pf (1.20° Pitts Ut ctfs 1.20 Pitts & West Va Postum-Cer (4) Preas Steel Car. Press Steel C pf. Prod & Refiner Pro & R pf (3 Pub Ser N J (5. Pullman Co Punta Al 8u (5). Pure O (1) il pt (8).. . e Det Edison 53 '46.. RleCrE ity 0t | 3 % TR Det Liligon ref Gs. . : Donner Steel Ray Cons Cop. .. Doaner Steel Reading (4) x Neading rts. . Dun'{esn- Llfllll‘ L] Reading lst (2. st Cuba Sug +] Read 24 pf (2).. | Emplre G& ! Remington Type feder Motls Ieplogle Steel. . l'.lllk Rllbh.t‘?' 8s. Rep Ir & Steel.. Goodrich §%s. . Reynolds Sp (1) | Goodyear Sa 1831 | Res Tob B (8).. siipisedi’ with low, | Goodyeur 85 194 Rossia Ins (§). 4 92 | 3,557,000 the i Ly e Dnt P A29 1 flinots Bell st 2 linols Steel 4 Indlana Steel 5s | Int Mer Marine luter Paper is "47. CP & Lt 5s A '52. ! Kan G & Kl 65'32.. | Kelly-Spring 8s... Lackawa 53 50. . Liggett & Myrs 7s. | Lorfllard (P) 5e Magma Cop cv 7s. . Manati Sug sf T4s * | Marland O11 T3s.. | Marland O11 85 '51. Midvale Steel bs. ontana Pow &8 Mor's&Co 1st 4133, Nat Tube 1st . New Fing Tel 58... N Y Eden 1st 6345, NYG EL H&P 45 N Y Tel 63 '41. ¥ Tel 63’48, BB% 101% 6% HUGHES. 5814 101% 96% Wilson&Cev Tis. 1 Winchester A 7%s 11 101% Youngsin S&T 63. 14 96% RAILROAD. Ann Arbor 4s. . 64 Atchison adj 4s. 82% Atchison Gen 48 89% Atlantic C Ll 4s. 86% B&Ogold 4s. . 785 B&Ocv4k% 89% B& Oref 5 7% Balto & O 1st bs ot 100% B&O6s....... 103'% 108 B&Orfimp 6s. 101% 100% B& OSW div3aly 99 99%'s B & O Toledo 45 69% 69% Bklyn-Manhat 854 85 Buff R & Pitt 4% 87% 87% Canad North ¢ 117% 117% Canada North 7s. . 116% 116 Canada Pac deb 4s 80 9% Car Clinch & O 6s. 106% 106% Cent of Ga 6%s. .. 100 99% Cent of Ga 6s. . 103% 103l Central Pacific Ches & O cv 4% Ches O gn 47%;s. .. Ches & Ohio cv 5s. 3 Chi & Alton 2s.... i & Alton 3%s. . Chi & Alt 3148 ctfs Chi B&Q gn 4s '58. Chl B&Q Ist rf b8 « b= 68% BY CHAS. P. SHAEFFER. A sharp upturn which carried Capi- tal Traction stock from its previous lethargle Jevel to a new high figure on the present market movement featured trading on the Washington Stock Exchange. This fssue, whicl has been selling off and floundering around 91 and fractionally higher mainly on reports of a poor revenue vear in 1924, today found itself at 84 That holders of the issue are opti mistic as to the outcome of the re valuation suit Is seen In the “asked price, which at the close today was 941;." Investors at that time were bidding 933 Washington G flected the mar | Am Brk Shoe (3) 99% 15.—There | Am Can (18).... 161% ning of activity on the | Am Car & F (13) 199% xchange today and prices | Am Chain A (2). 24 ed. Operations for the rise | Am Chicle...... 39% conducted in & number of Am Drug Snyd.. 6% cctions, but the advances in indi- | Am Express (6). 15 ual stocks were attracting Am & For Pow.. 35 aller following. Am & FrPp((7) 89w was forced to absorb | Am& F 2255 (7 125 v selling, but, on the | AmHide & Lea. 13% . professional eftorts to|Am Hide & Lpf. 75 ting about reactions in recent [AmIcept (5)... 79% e o eies Am Internatl... 86 wurket acted as if it awaiting an | Am La France (1 12% portant plece of news to draw it out | Am LaFrn pf (7) 87 snportant {Am Linseed pz.. 58 { Am Locomo (6). 118 Am Loco pf (7).. 1208% Am Metal (3)... B} | Am Radlacor (4) 99% Am Safety Raz.. 38% Am Ship & Com. 12% AmSm & Ref (6) 99% Am S & R pf (7). 110 Am Stl Fdys (3). 477 Am Sugar. .. Am Sugar pf (7) 92 | Am T & Tel (9). 133% [ Am Tobacco.... 87% | Am Tobacco (B) 874 | Am Water Wks. = 361 { Am Woolen..... 62t | Am Wool pfd (7) 95% Am Writ Pappf. 4% AmZinc........ 12 Am Zine pt 37 Anaconda (75c). 47 Armour Del (7). 93 Asso Dry G (5).. 143 Ass0 Ol (1%)... 35 TAtT & S Fe (7)., 118% |AT&SFpr(5). 984 Atl Birm & At... 3% Atl Coast L (18). 150 AtGuif & WI... 224 AtGulf & Wipt 85 Atlantic Refiinin 106 Austin-Nichola. 30 Baldwin L (7) 1354 Bal & Ohto (5) 8% Bal & Oh pf (4). 65% Bang & AT (3).. 42 Bang & Arpf (13 84 Barnct Leather. 35 Barnsdall A 23 | Barnsdall B. 18% ut in the rail group| BayukCigar.... 47 ading was off nearly 5| Beech-Nut (3) 0 s recent high, and there | Bethlehem Steel 52 ¢ Southern Pacific for| Beth Stipf (8).. 112t 106, The move in Wesi- | Booth Fisheries. b4 seemed to have been|BritishEmp2d.. 9% Unlon Pacific sold again | Bkl Edison (8).. 127% Bulls on this stock )u\\'n} Bric-Man Tran.. 3% been very much disappointed at its| BrklyrnUnG () 79 refusal to participate more than n‘grown finzeé:‘z. 1:" Qid in the recent .\':p\\'nrd‘ movement. B:‘;"z‘s‘:. ("‘; 100 Sughr 83 wres HelE. Burns Bro (10). 100% break-off of the American Burns Br B (2). 22k ar-National Sugar merger carried | Bush Term pf (1 974 down sharply. Other members of [ Butte Cop (50c). 8% the sugar group were heavy, but they | Butte & Superior 22% were not weak. The action of Punta \legre continued to suggest doubts g:l";';‘:;,‘;‘;‘(‘.')' o :bout the maintenance of the divi-| G2} PACKInE (8. 190, dend Western Union was strong agaln, | SallahanZinc... 4 and the reason for the late buying| 1 "R %rtes 18 as disclosed in the preliminary re-| oo 'pltine (10). 149% ort for the year ended December 31.| Can E8CIfE T10)- 1900 This showed $12.41 a share, against| col FERCT U gl $11.63 the vear before, and, bearing in | colt SALIIF DL a0 aind the very liberal allowances for | SSRIWFE TR (A0 &) epreciation and for special appro-|cer® S Al Y gy priations for cable developments, the [ CSR& IR0 -~ 51,0 margin over the 7 per cent paid to| cpers Ohio (4). 87% share holders looked to be liberal| cpolia opne (83 108% enough to encourage discussion of a|cp ts Alton pf. 14% bigher dividend Chic & East Ill.. 88% Symington was a newcomer on the | Cpia ® 11l pf... 52X Stock Exchange today. There are | Guie Gr West. 9%4 *00.000 shares of class A and 300.000 [ Gnic Gr West pf. 26% shares of common stock, both without | Ghy Ml & St P... 14% par value. Within the last fortnight|ChiMil& S P pf. 25% orders have been taken for complets | Ghi& Nwn (4).. 73% Symington equipment on 12,000 freight | Chi Pneu T (5).. 924 oa and the rate of new business|ChiR1I & Pac. 468 indicates a profitable year. CRI&PD!(6). B854 One man's guess 1s as good &s an- | CRI&Ppf (7). 94% other's In Wall street, as far as calling | Chile Cop (3%). B36% the turn on the market is concerned. | Chino Copper... 25% There has been a large crop of scld- [ Cluett Peab (5). 68% out “bulls” who have thought from | Coca-Colo (7)... 89 time to time that the end to the up- | Colo Fuel & Iron 45% ward movement on the Stock Exchange Colo Southern.. d46% vas near. Others have been waiting|Col G & E (2.60). 47 for “the time to sell.” Col G & B pt (7). 1063 | Col Carbon (4).. 50% NASH SOARS 30 POINTS. | Com Inv (2.50) 53% e | Com Solv A (4).. 114 Com Solv B.. 112 Congol-Nalrn (3 40% Conley Tin Foil. 15 Consol Cigar.... & Con Distributrs. Consol Gas (5) Consol Textile Cont Can (4) - | Cont Insur (§) s | Cont Mot (89¢). Corn Prod (2).. Cosden Co | Cosden pt (7). Cructble Stl (4). T | Crucible p: Cocx Cola, | Cub Am Sug (). d West | Cub Cane Supf. { Cuba Dominican Cuban Dom pf.. jc 1Fr (4). | Daniel Boone. | Davison Chem. { Del & Hud (8).. 'Del L& W (6).. EQRE S ks e ID&RGWstpr.. 50 30 points. Bonds, | Detrott Ed (8).. 114% f | Dome Mines (2). 16% unges, | Doug Pectin (1). 1 bigher.| Du Pont (8)..... 14 buying.| Duquesne pf (7) 1053 1 \gher; S 13% CHICAGO, January 15.~—Owing largely to an unexpected advance in Wheat prices in Liverpool, the wheat market here took an ecarly upward 64% | SWIng today. July deltvery here 828, | reached the highest price vet th #9% | seeson. Forecasts that European de 86% | mand would be much Increased dur- 87 |!ng& February and March helped to 9914 | Uft values, and so, too, did strength 8774 |In sterling exchange. Chicago opening 100% s, which ranged from % to 1% 103 | higher, with May 1.85% to 100% | 1- and July 1.567% and 1.58, were 9914 | followed by mate further gains 69% , @and then something of a reaction. Buying on the part of houses with country connections gave strength to the corn market. After opening at ' to cent higher, May 1.32% to 1.32%, corn eased back somewhat. Oats were firmer, sympathizing with | other grain. The start was % to % | Lands at §1 cent up, May 62 to and there| “Op tye investment side of the m were slight additional upturns later.!yat $1.000 Washington In provisions, the effect of lower! gra] 63 brought par and a quotations on hogs was counter-| potomac Electric 7s sold for 107 WebiE o L T National Banks Elect. Bidy: 13 Practically all national ban | District are today naming o July sross 1075 Beptember |11 14t the ensuing year. The boards nearly 4 was concen- 844 828 S §7 89% 87% 100% Brazil 7s. Brazil 8 s Canada Ga 193 Canada Gs 1921. Canada Gs 1952. Canada 5%s 1929 “hile 73 1942 Chile 81926 Chile §s 1941 Chile 85 1946. .. Christiania 8s . Chinese Gov Ry 58 Con Pow Japan 7 Copenhagen 5i4=. 107 | Cuba 51s. 19 Czecho 8s 1 e Czecho 851953 ct.. 9 Danish Munic 8s Bi36 | Denmark 6s. . Denmark 8s...... DET5%s Mch '53. DEI5%s Nov '53 vor- s Light stock also et's buoyant tone cash sale of 55 shares at 54 be corded on the sales sheet. Merg: thaler Linotype sold at 167%, and ono share of Railway preferred changed Several Stromg Spots. While the general list was unaertainty and the mar ous directions was wha a only described as “full | sre were a number of strong points. | 2 elting, above 100, wa over 3 points from Wednesda Eixpectations of back_of the Ore. Coca-Colz was spe n Unton Gas. he oils were inclined to do better but the particy gains tined to a few stocks lke t) \mericans and Shell Un lectric had one of its « ups. Al ~ho are looking forw: orable annual report was the favorite among the tire issues. Its strength coinc h some rather mysterioue ©f Fisk Rubber common, whic | 11ed the stock down.at one time neasr- | a point | Merger Fight Alds C. & O. i he renewed opposition to the Van| | i make cember Glones—nhitas 12 1 *hi & E1gn bs. L i Great West 4, : C M & Puget 5d 4 Chi M & St P 4525133 CM&StP gn 45°89. 17 Chi M&SE P cv 4141135 . T sSvaciandifaclatecn Finland s f 6s 1945 Framerican 7%s. French 7s w { French Govt 7153, French Govet Ss. . Germany 7s wi. Greek 7s Halt! 68 - Holland-Amer 6s. Hungary 614s. Japanese 4s. Japanese 68 Jergens U M 6s Lyons6a......... ‘5 | Marseille 6s...... b Mexico 45 '04 asntc 2 Mexico bs assented Montevideo Ts Chi U “iherlands 6 pialy LRS- July oo [ meet late this a | Brptemer But few changes ey . s, | At the Riggs Nati e presi ird s 15 617 {dent to sy Evans, jr. wil September | ba med WY E pla 151% | o al tracticns displayed a slightly better tona. Sugar bonds were firm In the coppers both Chile 6s and Magma Ts were a shade higher. In- ternational Mercantile Marine 6s held around their best prices on this mov M. K. and T. adjustments were strong, approaching £0. Chesapeake and Ohio vertibio 5s at one time were up r 2 points with the stock. The Denver and Rio Grande Western 5s suffered a further loss, Government Inaves Quiet. anges In United States Gov- issues were small. The de- mand was a little better than on Wed- nesday. High-grade rails were h clined to drag. In the foreign group the tone was better, Mexican fssues advanced on Ports that the Mexlcan finance ister would arrive in New York T day to confer with American bankers as to resuming debt service. A new | forelgn {ssue about to be offered fs| $3.000,000 City of Vierbruecken 7s ma- | turing In 10 years and priced at 96/ eld 7.55 per cent. | oda new offerings Included | $1.000,000 Southwest Tower 6s duc 1944 to yield 6.40 per cent and $1,000,- 000 Hayes-lonia (Co., serial 6iys yield from 550 to 6.30 per cent. the | Both el {until position of asei tions are well rcurrence of the hoard ilable for publication | condition exists at the Co | tional, where the position of ¢ remains open |COTTON QUOTATIONS SLIGHTLY LOWER Chi M & St P cv by Chi M&SLP 6s. | C&NWgends | Farmers and Mechanies'. ! The Farmers and Mechani ! tional Bank this morning n | existing official roster for the ¥ | Less Active Spot Demand Abrflfld;""hmrv!-d of the following: Harry 1 Hay president: Robert 1. Weaver Is Weakening Factor therlands 6s 7 |ceca s {and Nicolson, vica president | Harry L. Selby, cashier; Henry W. So orway 6s 1943, cec e Here. hon, counsel and trust officer: €. vay 5 - Cropley and Harold W. Burnside e :: 1‘;:; ;gvl g | o e Tty iwl { = SIACERC casnilers, avid Ira ¥. Hopk orway 8s...... 112 Sy enmb e By the Associated Press. | auditor Orient Dev deb ¢s 564 86% oot NEW YORK, 15.—Rela- | Extra Dividend Noted. Paris-Ly’s-Med B0y 04 : |tively ecasy Liverpool cables and| Apn extra dividend of = Pmr'lz'l,) “s-Med 88% :-gn; e better prospects for rain in the South 1a.,.‘,..4q.\, Fr ,‘ ‘ -‘»lgv:'n» q Parts Orleans 85 west led o local and southern elling | pyreement of & per cent was Queensland Gs 1084 in_the cotton market ecarly today | on the capital stock of the Washi Prague T14s...... 91 D & Rio G imp bs The opening was unchanged to $|1on Loan and Trust Company at Rio de Jan 851348 96 D&RGIstres 3 points lower with active months| ;nnual meating of the board Rio de Jan 8s 1947. 94y 2 D & Rio G Wst os. 411 | melling to 9 points below yester-| cocterday. The institution is now | Rio Gr Do Sul §s.. 97T ¢ { | Erlelstconsds... 11 jday’s closing, but there was enough |y gefinite annual basis of 12 par | Sao Paulo City ¥s. 3 100 buying around 23.76 for March to| oyt will pav 14 per cent for the | 820 Paulo State 8s 103 labsorb the comparatively small of- | Both dividends are pavable Februar | Seine Deptof 7s. .. 90% ferings and prices held fairly steady |1, 1o stock of record Januars | Serbs Cr'tes Slo 8s. 86 during the first ho Despite the | ' A% meeting for organ i i ingen merger w considered a argument on Chesapeake stock was bought it would receive bet- in any new deal. The r.ew Denver and Rio Grande Westerr preferred which had broken 6 poin esday, sold below 49, but sub Interest appearsd and on | Chi Un Sta Net Chi Union ernment re- Del-Hud cv 55 '35. Den & Rlo G cn 43, 5 Erie conv 48 A. Erie conv 4s B Erie conv 4s D. Erie con ext 7s.. Great North Grand Trunk Gr North 5% Gr North gen Hud & Man ref 5s. Hud & Man aj 5s.. 111 Central ref 4: 111 Cent ref G 111 Central 5% 111 C-C St L&NO 5s Int Rap Tran 58 Int Rap Tr 6s stpd. Int Rap Tran 6s.. Int Rap Tran 7s... Int & G Nor Ist 6s. int & G Noraj 6s.. 3 Kan City Ft Sds.. Kansas City S 3s. Kansas City S 5s. SHORT-TERM SECURITIES. (Quotations furaished by Redmond & Co.) | ot e 84% {Texas rain outlook, October was|yne following offic ele steady on buring belleved (o be for| Jonn B. Larner, Andre foreign account r. viee president and trust of- Private cables said Liverpool had Meem, vice presider eased because of firmer exchange and treasurer; Boyd Taylor. vie less active spot demand. president and secretary: Charles I { Doin: president e were T 991 presiden 104% 104 101% 101% 115% 1154% 1167 116% 108% 105% 55 944 107 107 J 5 1107 110% MISCELLANEOUS. Afax Rubber 8s Am Agr Chem 7 Am Chains f85°33 1 Am Repub deb 63. 14 Am Smit & R 1st 52 6 | AmSmit & Rés... 11 |t e Tt Am Sug ref 6s. 14 Fisher Dody Corp. bs 1038, ... AmT&T 58 Goodrear T. & R. TS BlAmT& T 18 r i | Great Northiera 7s 1836. < Am Tel & T . 85 S ey | Guit 0il Corp. of Pa, Sics AmT & Tdeb5t%s 41 Lake Shore 4s'28. AmMT& Tevés.... 6 2 Lake Shore 4331 Am Water Wks ds. 7 98 Louts & N uni 4s.. Anaconda 1st 6s... 61 Louls & Nash 7s evdb 7 Manhut Ry cn 4 e ':.?x ] Marlket St Ry 7s. : C Mil El Ry & L3s.. Armour o Del 512 23 M & St L 1st ref 4s. Associated Ol 6s. M StP & SSM cn 4s | Barnsaall s f 8s. Bell Tel Pa 0s. | Beth Steel pm Gs.. | Beth Steel rf 5s... Beth Steel 61 Beth Steel s 6 Bklyn Ed gen 5s. | Bklyn Union G 5s. Sweden 5%s ct. Sweden bs. . Swiss 5145 1946, .. Swise Confed 8s.. . Ud Kingm 5%s '29. 4 Kingm 5%8°37. | Ud Steam Copen 65 | Gruguay 8s....... Zurich §s Harry G. o nulS-SorbiBanwaelant New Orleans Valaes. NEW ORLEANS, January 15.—The cotton market opened actively on selling due to slight rains In Texas {and prospects for more. First trade showed losses of 13 to 22 points with March at 23.60 and May at 23.85 These figures proved to be the lowest lsvels reached, however, as the m. 1 ket promptly rallied and recovered| At practically all the initfal loss. The Wwas due to buying orders from the trade, good dry goods news and expectations of a bulllsh consumption | Other oM re-elected inelude report and bullish weekly statistics|G e W. W e tomorrow. Interest in the new crop . vic dect was manifested by @ sale of Decem i sl 23.40. Heretofore trading in|sen, cashier; Jacob (. Moore, audito new crop futures has been confined Bright; A. H. Bedford and C. 1 to October. ckloff, assistant cashlers. 1 ; ; i Grant, wrong and Herbert Poole treasurers; William H. Bad nt trust officer; T. Carroll, ant real estate offi Peter, general couns 95 95, A .1 & Pac. 3 | Columbia Gas & EI._lat 5 | Continental Gas & 1 5 192 | Du_ Pont Tl 1981... ... National Metropolitan. the National Metropolitan Roger P.#Hollingsworth was added to the directo! the capacity of as | sistant trust officer. 8 | T $9% 5 85 | 211 | 868 | —_—— McLachlen Corporation. CHICAGO LIVE STOCK MARKET | L L e lase ; directors o MeLac CHICAGO, January 15 (United States | panying Corporation for the Department of Agriculture).—Hogs— | ing year: Lanier P. McLachlen, pres Recelpts, 80,000 head; fairly active, dent: Firman R. Horner, vice pres around 10 to 20 lower than late Wed-|gent: John A. Massle, vice presiden | nesday, top 10.90; desirable 250 to 300 | gng ' treasurer, and Archibald Mc pounds welght, 10.65a10.85, ‘mostly:|[gchi secretary and assistant good and cholce 200 to 230 pound | (reasure N kind, 1020a1060; bulic, 160 to 190 | TR or P s averages, $.75a10. 50| n < c B Ml acaie. mebrs T smro‘n: pman e Dy et A-aGas 931 93% | WelEht plgs, largely 7.5028.00; bulk | Arcnibeld Mol aehion, James A, Tat 901, 903 | PAcking sows, 9.83a10.10. | son, Eawin B Dr. Lee C. Corbett 985 99 Cattle—Receipts, 14,000 head, slow; |Jarjer P. McLachle Illfan A. Ra 101% 101% | large proportion of run stlll to ar-|jnee’ Henry E. Bittinger and Geo 84k, Bdw |Tive; few early sales beef steers and | yrinor. S 94% 041c 943 | Yearlings. steady to 15 lower: now | L 100 © 99% 99 | bidding 15 to 25 lower; top. 13.50 for | 1161 114% 114% | 51 head of vearlings, averaging 987 Tt 7% Thy ulk beef steers and year- o3 | 210.00; early sales she stock 4% | steady, tending lower; bulk butcher ! 56 | Cows, 4.00a6.25; odd head koshers o helfers, mostly - ;W 99% | T50; canners and cutter, fChates W 9% | desirable shipping culves steady; gut. ; 4°TS: Harry = 48y ; slders paying upward to 13.50; pack- | LA RE0T. Qeorge T FCIARON IO 49 |ers going slow, about steady; under. | [+ SChmIAL, Fusene & Smith, Joteps 4% |tone weak to lower; bulk vealers,| L Weller, H. Lu Rust, jr., 5 |10.50a1150; bulls, 10 to 15 lower:| . Hallam. 6% | bolognas mostly ' 4.40a4.60; stockers | ANaSEnmten WHLe Ooy ki cctora re-elected by the Wasl 28 and feeders, slow, steady. iz Sheep—Recelpts, 17,000 head; very|ington Title Insurance Company fo 0% |the vear follow: 8474 uneven; early sales fat lambs to ship- pers fully steady at 198.25 Arthur G. Bishop, William T. Gall 963 | operating generally on her, George F. Hane. Charles W 107 {lower Dbasid; early at 18.25u18.75 | Spetson, Joseph N. Saunders, Harr. 101 | mostly; good shorn lambs, 15.25; fat |y packard, Clarence F. Norment, H 96% | Sheep strong; ewe top, 17.75; feeding | Glenn Phelps, George H. O'Connor, E 105% | lambs scarce; 0dd lot steady at 16.50a | prancts Saul, Ernest L. Schmidt, 821 | 18.75. gene A. Smith, Fred McKee and Wil 98% - | lam M. Hallam. GRAIN AND PROVISIONS, | femisaIe O The Lawyers' Title Insurance Cu BALTIMORE, Md., January 15 (Spe- [ has renamed the following directors clal).—White potatoes, per 100 Ibs, |for the year: George M. Emmerich Sweet potatoes, bbi Charles Kindle, Clarence F. Donohoe bbl, 2.5024.50. Arthur G. Bishop, George H. O'Connor 023.00. Beets, bu., Joseph N. Saunders, Charl W. Stet- Broccoli and kale, bu son, Eugene A. Smith, Ernest L ° Bruszels sprouts, quart., 10a20. Schmidt, Harry M. Packard, Charle: bage, ton, 28.00230.00. Savoy, bu,|H. Bauman, Jobn Shughrue, Julius A 76u1.00. Carrots, 100, 5.00a7.00. Cauli- Maedel and Willlam M. Hallam flower, crate, 3.00a3.50. Celery, crate, Bankers Pick Atlantic Ofty. 2.50a4.00. Cucumbers, bu., 4.00a7.00. < = The 1925 convention of the Ame: hl'-_nkvlt'mlsv 1.00a4.50. Lettuce, | jcan Bankers’ Assoclation will be hel b A Ontons, 100 Ibs, |in Atlantic City September 28 to Oc 3,00a3.35. Oyster plants, 100, 7.0028.00. | tober 1, Executive Manager F. X Parsnips, basket, 60a65. Peas, ham- | Shepherd has announced. Headquar p0ad.00. Peppers, crate, 4.00a|ters will be in the Traymore Hotel o3 S!p;rs:c‘hgob!{}or::tsal.w Squash, | while the general sesslons will T80, Turnive, 6onsy toc: CT4te, 200 held ou Young’s Million-Dollar Pier Apples—Packed, bbl, 8.00a7.00; bu 75a2.00. Cranberries, box, 5.0046.5 Grapefruit, box, 1.75a2.75. . Oranges, box, 3.00a3. Strawberrtes, quart, Tidewater OIl 6 Unlon Tank Ci 8. Rubber Un MK & T ad} MK &Tprinos A MK&TEsC... Mo Pacific gen 4s. & e3% 9 3o Paclfic 58'65 1 DIVIDENDS. o n Am The Tel ot X 3G 95100 ' | Bush T Blag 6s '60. . 3% #tX) 5| Callf Pete 6 ceee Q (81 cast) 1 o | Can Gen Ellab 6s. « P 3 T | Centrai Leather 53128 Gl suf Tasor S | Chile Copper €s... 18 S | Col Gas & E15s... 7 Houston 041 pt.... Commonwth Pés. 4 ot **| Con Coal Md 1 | Consumers I Cuba Cane cv 7t '8¢ ‘uba Cane cv d $s. Cuban-Am Sug 8s. Denver Ges 5s.... Dery (D G) 7 102% 64% 8415 100 94% 93t 90 99 101% 81k Mo Pacific 6i the year consist of® Montrl Tm 1st 5 N O Tex & M in 5s. NOTex & MGs B NO Tex & M 5%3. X O, Tex, Mex & N Y Cent cn 48’9 N ¥ Cent d N Y Centri s Cent deb 68 Y Cen LScl 33%s. X Y C & St L db 4s. ¥ Chi & St L5%s | New Hav d 4s'37 | New Havedés... New Haven 7s.... 118 New Haven 7 14 | New York Ry frds 5 | NY Ry rf 4sctfs... 35 New York Ry aj b8 NY Rys adj dsect.. N ¥ State Ry 41 NY W & Bos 4% Norfolk & W cv 6 | Northern Puc 2s. | Northern Pao 4s... Northern Pac 5s D Northern Pacr 1 68 Ore & Callf 1st 58 Ore Short L ref 4 Ore Sht Licn 53 "46. Ore-Wash 18t 1t 43 Penneyl con 4%3s. . Penusyl gen 4143, - Pennsyl gen 5s. g Pennsyl 638 | Pennsyl gold 7 Peoria & E inc 4 Pere Mrq 1st 4 Pere Mara ist Por RL & P 65°47. Reading gn 4s.. 0 G Westcl ds. . LIM&S 45°29... St LIM&S R&G 4s. StL&SF pl4sA.. 1y the Associated Press. NEW YORK, January again prevailed In to- rket. Coppers and mo- a temporary burst of Motors soaring 30 sh demonstrations n a few speclalties, bLut t ylelded to ounts 0,000 shar 111% 1103 101 100% displayed Distriet Title Co. g directors I e District Title nsuing year Arthur G. Bi ., Edmund D. Rhe etson, Joseph N. Saun Packard, Alfred @i O'Connor, Ernes | re- an Joshua W ation Co., Du Pont LIBERTY BOND SALES. NEW YORK, January les of Liberty bond 1924 amounted to Markets at a Glance g 142 108% 108% 120 119% 1045 104% 100% 97 9844 101% 887 83 6% 99% 97 ye ebt pa steady; <otton, Sugar, fe tirmer Br ¢ Joseph Ld (2) < L & San F (3) | StLSan¥ pt (8).. 1;| St L Southwest. Savage Arms hulte (8) Seuboard Air L Seabd Alr Lipf. . Sears-Roebk (6) Sencca Copper. . Shell Union (1). Shell Cn pt (6).. Stmmons (2 | Stms Pet (& clair O Sinclair pt (8) HIGH PREMIUMS PAID. PHILADELPHIA, January 15 (Spe- clal).—Fire insurance agents are c siderably excited here at reports t agents across the river in and other Jersey towns ar pald commissions as high' ver cent of the nremium. sterl Eastman (i8). Jaton Axle lec 5t Bat (73) i Emmerson B pf. orn, | Erfe. Cattle, | Erfe 15t pf. d| Exchange Bf rbks (3.80). ‘amous Pl (8) ed Lt & T (¥ | Federal Mine: | Fed Mines f (7) Fid Phoenix (8) 160 Fisk Rubber.... 1 Fish Hubber pf. 3 Fletachman (14) Foundation (8). Freeport- M 3 Gardner Motor March 13, G Mok Decore : Gon ATC p1 ( oF Gen Asph pt (3). Gen Baking (6). Gen Cigar (8)... Gen Electric (8) 812 Gen Elspl (60c). 11%% Gen Motors (8). 71% | Gen Mot pf (7).. 108% Qen Petrol (2) Gen Refrac (2 Gimbel Bros. B4 Glnbel Br pt (7) 104% Glidden Co..... 1833 | Gold Dust . Goodrich. ... Goodyear pf. s 117¢ 964 4 128% 100 105% 106 8% 98% 79% 100% % 100 118% 8613 106% 108 987% U S smelting. 87 7 USSmpf (81L). 5 | USSteel (17)... U 8 Steel pt (7). Universal Pipe. . Untver P pt (7). Utah Copper (4) Utal Securities. | vanaaium...... { Ya-Caro Chem.. - a TREASURY CER’TIFICATES‘ : 1 by Redmozd & Co) ——Noon.— | Bid. Ofter . 1001 0o, 1 100 Des 101 1017 10 101 @ @ pAlllemcmosSasii outh Ry pf (5). Spicer Mig..... Std Gas & E1 (B St Ofl Calif (2).. S oN NI Oy " | Va Ry & Power. StOINJpt (). 117% 1 8 e it Std Plate Glass. 15 Stew Warner ( Waubaali. Studebaier (4 Wabash pf A Submarine Boas | Waldort (134).. Eperior Oflso s | West Pen (4). Superior Oil... MEatEan (s S mon ) West Maryland. g Test Md 2d pt. . Western Pacific. est Pac Dt (8). West Unton (T). 43 | West Alr Br (8). 1 | Westinghse (4. Wheel & L Eria. | White Bagle () 4 | White Mot (4).. $73 | Wickwire Spet.. | Wickwire Sp rte. | Wickwire pf rts. | Wilson & Co.... { Willys-Overland '3 | Wills-Over pf | Woolworth 13 224 | worthington. . 647 | Worthington A September 1 December 1, March 13, Beptember 7% 10234 | 804 86 82 | 101 83% 611y 6% 89 96% 8544 887 4% red Winter, spot; ex- 100 |port, 1. . 2 red Winter, spot, 104% . 2 red Winter, gar- 108 licky, domq e, 2.02; No. 3 vred Win- 100% | ter, garlicky, no quotations. 100 | Sales—None. > StLS W con 48'32 St P & KCShL 438 St P Un Dep 5% San A & Arn P 4s Seab’d A Liref 4s. Seab'd A Lad] 5: Seab’'d A L con 68 | Sou Paclfic 4s'29.. Sou Pacific ctl 4s.. Sou Pacific ref 4s.. 11 Southern Ry gn 48 16 Southern Ry 1st 5 8 | Southern Ry ésct. b Southern Ry 6%s. 12 Term Asso St L 1 Texas & Pac 1st s 6 | Third Averef 4s... 3 { Third Ave adj 5s.. 1 TolStL & W 4s | Unton Pac 1st 4s. | Unfon Paclstyr4s 2 Union Pac4s'27... 2 Un Pe1strf Union Pac cv Virginia Ry st & VaRy & P 1st Wabash 2d §s. | Western Md 4 Western Pacific 55 West Shore st 4s. 100 | Wheel & L Ecn 43, Wilkes B&E 1st bs 109 | Wisconsin Cent 4s. 6 85% 106' 105% 105% | The women of southern India are 101% 101% 101% | °specially known for their imtclli- - gence and thrift Northwst B Tel 78 Otls Steel T353. ...« Otls Steel 8s...... Pacific Gas & El b PacT & T 15t bs Pacific T & T 53 | Pan-American 6 Pan Amer Pete Ts. Phila Co 513538 Phila Coref 63 A.. Phil & Rdg C&I Plerce-Arrow 83: . Producers&R 8s W & wviee 8...1 ub Serv Elec 6s.. unta Alegre 78 aks & Cos £ 5. Sinclair Ol 6s. | Sinclalr Ot 638 | Sinclair Oil 7s. . Sin Crude Ol 5 Sin Crude Ol 6 | Sin Pipe Line South Bell Tel 6s. Steel & Tube 7s. | So Por Rico Sug s Southwest Ball 5s. Sug st Orient 7 Tenn Elec Pow 6s | Toledo Edn 1st Ts, | United Drug 6s.... U S Rub 1st rf bs U S Rubber 71 U 8 Smalter 0s. DAIRY PRODUCTS. BALTIMORE, January 15 (Special — Live poultry — Young chickens. pound, 30: Leghorns, 20a26; old hens * 20a28; Leghorns, 20a22; old roosters {17a18; young turkeys, 40a4s; old, 35 poor and crooked breasts, 25; ducks 20a30; geese, 22a26; pigeons, palr, 35« 40; guinea fowl, each, 40ass. Dressed poultry—Turkeys, pound 35a45; poor and crooked breasts, 20 ickens, 24a2 7 66 , Corn—Cob, new, yellow, spot, . 3:5;‘:,"-- 0; ‘,’,:el_dgor:;;'"s' Ry 42 1a6.50 per barrel; track corn, vello Eggs—Receipts, 1,357 cases; nativ No. 2, 1.4 d nearby firsts, dozen; offered al Sales—) e 15, bid 56, quotations, 56. Oats—No. 2, Butter—Creamery, good to fancy 862663, b & pound, 38a42; prints, 42a44; ladles, S0x Rye—Nearby, 1.25a1.40; No. 2 yya, 32; store packed, 22a23; process but. 3% | spot, 1.61. ter, 33a34; dairy prints, 22a25; rolls 95 Hay—Receipts, 43 tons. For ths|22a25; store packed, 21a22 84 |better grades of timothy and choice o Iight clover-mixed hay there is & fal &4% | demand at full quotations, and the| CATTLE SALES PICK UP. 92%|supply of good hay s limited. Low| WORT WORTH, January 15 (Spe-’ 2, | grade and inferior hay is draggy and | clal)-Increase In cattle salos” throughout Texas indicates revival of interest In the live stock industry 78% | of uncertain value. €6 Quotations toduy—No. 2 timothy, Twenty-five hundred young steers have just been bought in West Tex-, 80% | 20.50a21.50; No. 3 timothy, 17.00a19.00 as for $67.000 by J. W. Jones of Gar-_ - No. 1 light clover, mixed, 19.50a20.00: No. 2 clover, mixed, 17.00218.00. i heat, 12.00a13.00 periden City, Kans., and scveral other big.. ten; No. 1 out, 13.00a14.0 sales are reported. o= Tennessee Coppe Texas Co (3)... Tex G Sul (1713) 9474 | Tex & Pacific. 014 | Tex & PacC & O 40% | Tige Wat Of1 (4) 44% | Timken (13%).. 8L | Tobac Prod (6 Odyenrpetor 108% | Tobac Prod A {Qr3nby Coussl Y 20% | rangcont OIl. .. | Gy & Qs 0 5. | Transu & w () | Gre North ot (5) 69| Y | Grt Nor Ore (4). 9% , Underwood (). —Foreign | Grt Wstn Su (8) st | Union Ol (130) United | Groene Canat . 19% | Un Pactfic (10). at Britain, de-| Gulf St Steel (5) 878 | Utd Alloy S&u‘!. 8% ; 60-duy bills "1 Utd Cigar (13%) ~3d . Iartman Co (4). 35 | United Drug (8) 1180 | woreaEton B e e ey e 199% | Utd Fruit (10) 212 | welsht Asro (1) S : ayes P 5 L 5 Belgium, de-| Househ P (13%) 86% pets| T34 B¥ Tuves vt 157 | Yoltow cab. (JeTINANY. | ffouston Ofl.... B0% 813 | 7 g Distributing S8y | Youngst'n § 408 Hudson Man.... 2% 25% | [ 8 Hoft (50¢) . e Hudson Mot (3). 30% 255 | 0.8 10 Alooi. el {14:| Hupp Mot (1)... 16% 16% | 'S Reatty (8 o e CE%Tea: | Mitnots Cent (7) 116% 116% 116% | US Rubber ] latest ‘quacterly or Lelf-‘early deciaratiogs. i| tndepend 011 (1) " 16% 174 US Rub Jot 96 | dividonds 4o mot i9AIgdtd. : Selling Prices at Noen, | peseta crown . . crown . crow loty ] agen, CROWa ...... .16 | “tiania, crown . 0 ! ckkolm,’ crown 83 91% 86 99% 105% 103% T 104 i 121% 2% 87 3% =0 405 Ti% 104 10k T4l T <122 122 2% 87 3% 20 67 per bushel; No, 3, 3% 19% 40% 40% 4% Tah tPartiy extra. $Payabie in preferred stock. Dividend rates ‘an given In the above table 5 Holland, veden, , .1925; S Poland, .19%: 001 ; Jugoslavia, Austria, .000014%: Rumant Argentina, .4000; Brazil, .117 .73%; Montreal, 19-34, Straw—No. 1