Evening Star Newspaper, January 21, 1925, Page 26

26 HEAVY REALIZING N STOGK MARKET Irregular Another Day of Changes—Majority Are Downward Swings. BY STUART P. WE to The Ktar. January vement that of t s series of irregular | the most The volume s for d with ~ pric ined dow in small in co anges, part i weeks. Operatior number of lo in some of the indu were more than offset her directic g showed 1 tire share: oolens and the moto The plainly reflected un: the dividend. In ¢ er, ing a between 1 the rate proposition to trouble with that the divi- the dlvi- to the the as it is, Chandler dend polt distribwted and had lef surplus ac In 1923 ably larg #mall only For plus’ of $640,000 voted in dividends. Other Motors Depressed. Other motor shares were more or depress ak in Chan- Jord ATTOMw powerful rican Woolen was very wed ip: waus the expe that the forthcoming annual would completely discourage idea of resumption common At the san the 11 that the ne nd tex- situation had turned de- cidedly was intensi- fled by the Amoskeag mills, the hud cut prices The tation of for $125 was the 8. Steel Cor. annual offer—this poration time 100,00 employe evidently esge was do There ng Wwn over 6 points was some Sym- pathetic Gimbel Brott snd in R break in MARKET CLOSES FIRM. Kin By the Associated P ) YOR which fully traders & about tion by attacking the tile shares. Trading moderate volume, s proximating 1,200,000 shares 1. The market late trading when overing took place fn General Electric_and popular issues. Comi- A and B extended 5 15 points, re- tried general liquida- otor was ag ngthened active short rican ( NEW YORK—Stocks firr soar. :_commer- Bonds ir- sues continue rise cd bear- ng report. Sugar Coffee steady: ernment gi mand at lower; heavy VERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. PREFERRED STOCK REDEMPTION PRICE, the and affe should Continuing ferred stocks ons that t buvers look of the redemption p forred Zood figure Is « tificate. Ge &bove the p: Now the thing about this fixed pr which a stock is callable Is that the market quotation rarcly goes above that point. If, for instan a ferred stock s re- dcemable it ot likely to sell at 120, simply b store do mot want to pay a price much above that which they might be compelied to surrender their holdings It comes about from this that it fs oftan possible to secure a higher re- turn fro preferred {ssue callable at about the market price than it is from one non-callable of equal in. vestment merit otherwise. To il- lustrate, take two of the best f{n- Qustrial preferred stocks, United s Stecl and Standard Ofl of New The former is n, s callable about the same In each cas Steel preferred sells several points higher than Standard Ofl of Jersey preferred, making the st named give the higher return. Another Important matter relat the right to subseri Ordinarily that privileg. holders of the common stock only, but sometimes the preferred shares this right with the common. In the same way voUng power generally restdes in the common stock only. While to the average small stock- holder, voting power is of little mo- ment, it does have some value and a preferred stock which possesses it 1s more desirabls than one that does not. One more observation as to these preferred stocks, In a rapidly ris- ng speculattve market, one in Which common steeks make ‘“new high Pecords™ every day, preferred stocks must not be expected to do the same. Becapse their dividend is fixed, their Possibilitics of price appreciation are 1imitéd. The fact that a preferred stock of assured investment rating does not participate in any such ad- vance s not to be held against it What an investor wants is compara- tive price stability, otherwise he is a speculator. (Copsright, T LIVE POULTRY HIGHER. CHICAGO, January 21.—Poultry— Alive, higher; fowls, 18a24%; Springs, 24; roosters, 15; ducks, 26; geese, 20. discussion of pre- e technical pro- them, prosp ito the m Not al e emable, but redemption sed fn a cer- ubstantially Issues many use at to new stock. is accorded by Consolidated Press.) | Butte Cop (30¢). | Cuyamel Fr (4). FINANCIAL, Open. 14% 49 8874 Adv Rumley.... Ad Rumly pt (3) Alr Reduct (15). | Afax Rubber 121 Allled Chem (4). 84 Allled Cm pf (7) 117% 117% Allls Chalm (4). 79% 80% An! Agricul Chm 14 14 AniAgChmpf,. 44 44 Am Bosch...... 421 2% Am Brk Shoe (3) 98% 99 Am Can (13).... 163 164% An 199% 199 Fpf (7). Am Chain A (2). Am Chicle . Am Drux Snyd.. Am Express (6) . Am & For Pow. Am & FrPpf(7) Am Hide & Lea. Am Ice (7).... Am Ice ptf (6) Am Internatl... Am La France O Am Linseed. ... Am Linseed pf. . | Am Locomo (6). Am Loco pt 20 Am Metal (3)... 501 Am Radiacor (4) 100% 100 Am Republic.... G4 6 Siufety Ra hip & Com. & Ref (6) 99% AmS &R pt (7). 109% Am Stl Fdys (3). 463 Am St Fy pf (7) 110 Am Sugar. . . BBy Am Sugar pf (7) 98 887, Am Sumatra.... 10% 11% | Am T & Tel (9). 4 132% Am Tobacco. . . 874 Am Tobacco (1) Am Water Wk, Am WW pf (6). Am Woolen Am Wool pfd Am Zinc . Am Zine pf. Anaconda Armour Del (7). Arn Cous & Co.. 3414 8914 127 89 116% 99% 109 474 110 5 1 8616 atl Birm & At. .. Atl Coast L (18) AtGuif & W1 AtGulf & Wi 85 Atlantic Refiintn 105 Atlan Ref pf (7) 114 Atlus Powder (4 A s Tack. . Austin-Nichola. Baldwin L (7).. I | Bald Loco pf (7) 1 Bal & Ohlo (5).. Bal & Oh pf (4). Bang & Ar (3).. Bart allA.... Barnsdall B.... Bethlehem Steel Beth Stl pf (7).. Beth Stl pf (8).. Booth Fisherles. British Emp 1st. | British Emp 2d. Bkl Edison (8).. 1 Brk-Man Tran. . Biklyn Man pf (8 Brklyn Un G (4) Brown Shoe (4). Brown Sh pf (1) Branswlek-Bli Burns Bro (10). 81y 0% 100 43 98 21% 80 100 49% 98 214 Bur Add Ma ( 80 Butte & Supertos Butterfek Co. ... Cal Packing (6). 101% 101* Cal Pete (1%).. 26% 26% Callf Pet pf (7). 102% 108 Callahan Zinc 4 an Calumet & H 5 o 178 Can Pacific (10). 1491 150 Case Threshing. 30 30 Cent Leather... 19 19 Cent Leather pf. B6% 57% Cero d Pasco (4) 54 b4 Certain-Teed... 44 444 Chand Mot (3).. 31% 31w Ches & Ohfo (4). 97 97% Chicago & Alton % T% Chic & Alton pt. 14 14 Chic & East 111.. 32% 324 Chi & E 11 pt. Chic Gr West.. . Chic Gr West pf. Chi M1 &St P.. Chi Ml & S P pf. Chi & Nwn (4).. ChiRI& Pac... CRI&PDL (8). CRI&PPL (D). ChiStPM&O.. Chi Yellow C (4) Chile Cop (2% ). Cluett Peab (5). 66 Cluet Pea pf (7) 104 Joca-Colo (7).. 90 Colo Fuel & Iron 4314 Colo Southern.. 45% Colo Sou 2d (4).. b4 Col G & E (2.60). 46% Col G & Eipt (7). 106 Col Carbon (4).. 48% Com Iny (2.50).. B4 54 Com Solv A (4).. 128 141 Com Soly B. 27% 143 Congol-Nalrn (3 41% &1 Conley Tin ¥oil. 15% 16% Consol Cigar.... 2% 20% Con Clgar pt (1) &3 831 Con Distributrs. 6% 7 Consol Gas (5).. 6% 77 Consol Textile.. 44 41 Cont Can (4). 67% 68 Cont Tnsur (6).. 107 107 Cont Mot (80¢).. 9% 9% Corn Prod (2).. 38% 39 Corn Prod pf (1) 1187 118% Cosden Co...... k80% 80% Crucible Stl (4). 76 76% Crucible pt (7).. 96 96 Cub Am Sug (3). 80% 30% Cuban Cane Sug 13 13 Cub Cane Su pt. 6T Cuba Dominican % o b2t b2% 7 T 44 4l 139% 189% 140 140 byt b1t 66 104 91 43% 4075 b4 4614 106% 481, 5% Daniel Boone. .. Davison Chem. . Del & Hud (8).. Del L& W (6).. D& RGWstpt Detroit Ed (8).. Dome Mines (2). Doug Pectin (1). Du Pont (8).... 1421 142% DuPont deb (8). 94% 945 Dugquesne pf (1) 106% 105% Eastman (18)... 115% 115% Eaton Axle. 18 18 Elec St Bat (15). 65 65% End-John (5)... 69 69 Endicott pf (7). 112% 112% Erle. 2 81% 314 Erle 18t pf. 44 44% Erie 2d pf... 40 40% Famous P1 (8).. 94% 95% Fed Lt & T (*7). 183 13¢ Federal Mines.. 24% 24% Fed Minespf (1) 62 62% 154 16% 68 Fisher Body (n). 67% 106 Fish Bd O pt (8) 106 ¥iwk Rubber.... 12% 124 Fietschman (14) 831 831 Foundstion (6). 94% 94% Gardner Motor.. 7 7 Gen Am Tnk (3) 54 b4 Gen Asphalt.... 06% 67 Gen Clgar (8)... 97% 98 Gen Electric (8) 310% 811 Gen Elspl (60c) 11% 11% Gep Motors (5). 734 73% Gen Mot pf (5).. 94% 94% Gen Mot pt (7).. 106% 106% Gen Petrol (2).. 42% 43% Gen Refrac (2).. 6 55 Gimbel Bros.... B5% 6ol Ginter Co (1%). 23% 28% Glidden Co 18 13 Goodrich. 44% 44w Goodrich pf (7). 95 95 Goodyearpf.... 89 89 Gdyear prior (8) 106% 106% Granby Consol.. 19 19% Grt North pf (5) 68% 68% Grt Nor Ora (4). 394 394 Grt Wetn Su (8) 924 923 Gulf Mo & Nor.. 26% 26'% Gult St Steel (8) 86 86% Hartman Co (4). 34 34 Hayes Wheel (3) 37's 38 Helme Gso H. 6% 1% Homestake (17) 46'% 461, Iouseh P (13%) 87% 387% Houston Oll.... 79% 80% Hudson Man.... 256% 25% Hudson Mot (3). 34% 34% Low. 141 14y 49 88 11 8% 117% 78% 11 14 413 98% 16: 341 89 114% 120 50 99 64 95 108 46 10 10% 1824 86% 101% 26% 102% 4 175 149% 30 19 5o b3 28% 96 14 b1 3% 66 104 894 42 106 487 54 128 127% 41 15% 27% 83 6l 76'% 107 0% 38% 118% 80% 4% 96 30 124 57 52, 441, 1384 139% 485 1414 941y 106% 114% 13 64% 69 112% 31 43% 40t 94l 133 24% 61% Fid Phoenix (6) 163% 153% 151 67 106 12 83 98% 6% b4 6% 978 8074 1% 2% 944 106% 42% bate 63 23% 13 4215 95 89 106% 19 68% 88% 2% 26% 85 33% 874 T6% 461 86% 70 25% 34% Close, 49 88 11 83% 1i7% 1 56% 98 810% 114 8% 9445 106% 43% 55% b3y 23% 13 42% 95 89 106% 19% 68% 894 921 261 864 33% 38 7% 461 36% 9% 25% 845 2236 | [0t crmat o 24% THE EVENING 8 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Hupp Mot (1)... 16 167 Hydraullo Steel. 1 1 Tllinots Cent (7) 115% 115% Independ Of1 (1) 16% 16% Indian Motoreye 167% 17 Indian Refinin, 6l Bl Inland Stl (2%). 464 461 Inspiration Cop. 80i; 30% Interb Rap T) 1% 32 Internat Agri. 10! 10% Int Bus Mac (8). 112% 112% Int Cem | Int Com E ar (5) 109% 109% Inter Har pf (7). 114% 114% Int Mer Marine. 13 13 Int Mer Mar p.. 45 Internat Nickel. 26t [nternat-Paper. 57% Int Pap pf st (6) T8 Int Ry Cent Am. 18% fut Tel & Tel (6) 914y Interevpe (11%) 25 Jewel Tea. 184 Joues Bros Tea. 18% Jordon Mot (2). 441 Kan City South. 841 Kan CSopf (4). 57% Kayser ‘Julius) 244 < I (S)... 89 gfield. 16 sey Whi (6). 9 inecott (3).. ™ 4! Keystone T & R, Kinuey G R Liresge S8 ( Iresge Dep Str. aclode Gas (8). Rub & Tire Lehigh Val (33) Lig & Myrs (3). & & Myrs B (3) & Myrs : Lima Loca (4). ws Ine (2).. 91y 18% 185y 441 36% 81y 46 36 123 13 o4 661 65% Biy 6974 o 463 56 123 13 65% 8t 704 106 Sat 111 <. 4% Lorillard pf (7). 111 Loutsiana Ol Ludlum 2).... MeCro ¢ Melntyre (75¢). Mack Trucks (6) 119% 120 Tist(7).. 108 106 HR & Co. 8 Magma Copper 4% Mallinson & Co 5, Mallinson Mun Elmd g (3 Manhat Shirt (3) Muracaibo Oil. . | darket St 2d pf. Marland Ofl.... Marlin Rockwell Martin-Parry 4. Mathieson Alka. Maxwell Mot A . Maxwell Mot B. May Dept St (5 | Metro G pf (1.5 Mexican Seabd Miami Cop (2).. | Middie States. .. Midind Pr pf (8) 103 Minn & St Louls Min StP &S 3is Kan & Tex. MK & Tpf(5).. Missourl Pacific Missouri Pac pf. Mout Power (4). Montgom Ward. won Mot (3) Mother Lode 760 Nash Mot (110). 274 274 ... 103% 108% 0% 71 4 671 675 at Cl& S pf (7) 100% 100% at Dalry (3).. 47 at Dept Stores 40 at Distillers pf at Enamel & S Nat R Nat Ry Nat Supply (2) Nevada Copper.. 15% NOT&M 123%.. 115 NYAIrBr(4).. 62 ¥ Canners (2) 83 Y Central (7). 122 ¥ Dock pf (5). 5% NY NH & Hart.. NY Steam pf (7) Norfolk South. . Norf & W (18).. 127 Norf & Wpf'(4). 7 North Am (3.40) 427» North Am pf (3) 46% North Pac (8)... 68% Ouyx Hoslery... 20% Orpheum (1%). 25% Otis Elev (15%) 90% Otis Steel.... 10% Oweus Bot 4% 46% fall..... 9% 9% Pacific O11 (2)... B584% BB Packard (11.50). 156 16% Pan-Amer (4).. 64% 64% Pan-Amer B (4) 64% 65% Vanhandle pf... 43 Parls & Bsla. Park & Tliford.. Penn C & C (4). Pennsy R R (3). ab Steel 2% 2% as (8). 114% 1147 671s 67ia 74 Ta 8312 834 85 56 48% 49 115 1061 106% 19 19 151 15% 23 % 103 127% 127% 71 43 46% 684 201 257 901 10% 3 Peoples Pere Marq (4) Pere Mar pf (5). Pere M prior (5) PhilaCo (4).... Ehila &RC&T. Phillip Morr! Ehillips Pet (). 89% 40% Plerce-Arrow.. 13% 18% Plerce-Arrow pt 48 . 48% Pierce Oil. . 2% 24 Plerce O1l pf. 32% 35% Plerce Petrol. 6% 6o Pitts Coal. 50% 50% Pitt F W&C (7). 139% 139% Pitts Term Coal. 61% 61% Pitt Tr Coal pr.. 87% 8Tl Pitts Ut pt (1200 145 14% Pitts & West Va 70 70 Postum-Cer (4) 9614 96 Press Steel Car. 65% 687 Press Steel Cpf. 8815 884 Prod & Refiners 28 291§ Pro & Rpf (316) 44% 40 PubSer NJ (5). 63 694 Pub S El pf (7). 101% 1014 Pullman Co (8). 143 143 Punta AlSu (5). 42 424 Pure Oil (1%). 29% 304 Rudio Corp of A. 88% 69% Radio-C pf (3%) 50% 60% Ry Stl Spg (8).. 183 133 Ry StSp oL (1).. 118% Ray Cons CoD... 15 Reading (4). Reading rt Read 2d pf (2) Remington Type Remingtn 2d (8) Replogle Steel. . Rep Ir & Steel. . Reynolds Sp (1) Rey Tob B (3)... Roy Duth 4.42% St Josepn Ld (2) StL & San F (5) StLSanF pf (6).. St L Southwest. Savage Arms. Schulte (8) 7% 23 414 481 109 20% 60 16% 4% 51% 464 59% 76% 484 871 L. 114 114% Seaboard Alr L. 20% 20% Seabd Alr Lipf.. 39 39 Sears-Roebk (6) 161 162% Seneca Copper.. 1% 14 Shattuck-Ariz.. 7 7 Shell Unlon (1). 25% 26% Shell Un pf (6).. 100% 100% Simmons (2) 83 38 Simms Pet (60c) 24 244 Sinclair Of1. 18h 18% Sinclair pf (8)... 87% 87% Skelly Ofl. 254 25% Sloss-Sheft (6).. 83% 83% South Pac (6).. 104% 1054 Southern Ry (5) 80% 81% Spaulding pf (7) 98% 98% Spicer pf (3).... 94 94 Std Gas & E1 (3) 48% 434 St Ofl Calif (2).. 62 62% BtOIINJ (1), 41% 417% StOiINJ pf (7). 118 118 Std Plate Glass. 15% 15% Sterling Prd 5% 64% 64% Stew Warner (5 73% 73% Stromberg (6).. Tl 7% Studebaker (4). 434 43% Submarine Boat 9% Superfor Ol 5 Sweets (new) 10 Symington. . . 14% Symington (A). 22% Telautograph.. 13 | Open. High. 101% 141% 424 29% 681 50% 133 118% 14% 7646 22% 41% 48 109 20% 58% 16 T4% bl 44% 58% T6% 4% 83 1144 20% 874% 161 | 7 25% 100 33 23 184 874 26% 8314 1087 804% 98% 94 42% 61% 41% 117% 16% 64 Ti% % 424 9% 5 10 13% 21% 12% b1% 44% 5815 767 484 874 114% 20% a8 181% 1 7 25% 100% 83 23% 18% 874 26% 83% 104% 804 8% 94 43% 624 1% 118 16% 64 2% 1% 4316 9% b 10 13% 21% 12% Tennessee Coppr 8% 8% ‘m Sliggividends are not iacl INBOND HARKET Mexican Loans Improve. Rails in Better Demand. Losses Among Industrials. BY GEORGE T. HUGHES. Special Dispateh to The Star, NEW YORK, January 21.—Specula- tive bonds were again the leaders in to- day’e market. Oue of the most prom- Inent was Imptre Gas and Fuel 748, which made a new high record ubove 99. Buring appeared to be basad on favorable earning statements and the attractiveness of the yield. American Agricultural Chemical 7%s and Inter- natlonal Mercantile Marine 6s also were very strong today. Virginia Carolina Chemical 7s ran up & point and a half, but here the in- fluence was' the improved outlook for the agricultural districts and the pros- | pects of a successtul reorganization. Brooklyn Manhattan Transit 6s were the feature of the tractions around thelr recent new high. Speculative Ralls Active. Among speculative rails, St. Louis- an Franclsco incomes were the leaders p, at one time, a full point. The re- cent weakness in St. Louls-San Fran- cisco fssues was doubtless due to the Interstate Commerce Commission's low aluation figures. This has no effect upon earning power, and fixed con- tingent charges are being covered by a wide margin. Missourl, Kansas and Texas adjustments und Seaboard Alr Line 65 were other strong spots. United States Government loans vere mostly higher. There scems to 4 pecial nd for the tax- exempt 343 The high-grade rails were without fmportant change Forelgn Bonds Steady. Forelgn bonds were steady, the German is being especially firm, sell- Ing at 95. Investment buying went on in United Kingdom 5%s of 1937 above 106. Brazil 8s were the lead- ers of the Souti American group. Some further advance was made by the Mexican honds. Under small sales City of Copenhagen 335 moved ahead substantially. Offering was made today of $1,500,- 000 Scuthern Pacific s of 1944 at a price to yield 3.97 per cent. This s not new financing, but represents a block of bonds taken over from a corporation, NEW YORK EGG PRICES. NEW YOR b unsettled; receipts, 8,853 cases. gathered, extra firsts firsts, 59a60; do., seconds, by hennery, closely extras, 68; and nearby West- ern hennery whites, firsts to average extras, nearby hennery browns, extras, 66a68; Pacific coast whites, extras. 66; do., firets to extra firsts, 6346515 refrigerator, firsts, bliza 5215 January GERMAN BONDS AND STOCKS. (Quoted 1n dollars per miliion ma Rid Ger Gt (war In) Hamburg 1is 1910 German Gt 458 _(fore 158 1028 (amall pleces) 50 ed 16 _dollars per thousand marks) 4158 pre-war 4ign 1010, North German Lioyd Prusstan G Fias Krupp 5e 1821 .......... Dusseldort 45 pre-war. Frankfort 8-M 4s pre-war.. Munich 4s pre-war Badische Anilin AE G (German G Commern. Disconto Dresdner Baok Deutsche Ra - Darmstacdter Bauk Mercar Bank Vienna - s STOCKS EX-DIVIDEND. Corporation —Clvett. Peabody & Cortinental Mot. Cor, p rmers' Loan & Trust Co. Wheel Co., Inc., pf.. Postum Ceresl Co., Inc. Do. ptd ey 22_Cerro de Paseo Cop. Corp Fisher Body Cor. (325 par) Do. (no par).... A Harb Waiker Bef. Per shara. 21 fem. 1 Plpe & R. 23 Burns Bros. prior pf. Cigar Co., Tac. 2332323 T233LR3UIY: 44 4 ) 102' 104 Texas Co (3) Tex G Sul (' Tex & Pacific... 43% 43% Tex&PacC&0 14% 14% *Tex PacLd Tr.. 300 301 Tide Wat Oil (4) 182'5 183 Timken ¢({3%).. 39 89 Tobac Prod (5). Téi 768 Tobac Prod A (T 96% 974 Transcont Oll... & 5 Twin City pf (1) 94% 9444 Underwood (3). 3% 38% Un Bag & Paper 42 4z Union Ofl (1.80) 884 884 Un Pacific (10). 1485 149% Un Pacpf (4)... T4% 74% Un Tak Car pf (7 115% 1156% Utd Alloy Steel. 824 8214 Utd Clgar (133%) 64 65% Utd Drug 1st 3% 524 b52% United Drug (6) 116% 116% Utd Fruit (10).. 2121 212% Utd Ry Inves pf. 66 56 U S Cast Iron P. 168 165 U § Distributing 37% 37% U S Hoff (50c).. 244 244 U S Ind Alcohol. 81% 82% S Realty (8).. 125% 1256% Rubber..... 424 424 Rub 1st (8). 964 985% Smelting... 36% 87 U S Smpf (3 46 48 U 8 Steel (17) 126% 126% U S Bteel pf (7). 124% 124% Universal Plpe.. 41% 41% Univer P pf (). 78% 78% Utah Securities. 50 50% dium. . 28% 28% ValliroChemo 2% 2% Va-Caro Chem B 1% 1% Va-CaroChpf.. 9% 9% Va Ry & Power. 674 68 Vivadou. .. 8% 8% 20% Wabash. . 21 wWabasnpfA... 06% G&% abash pf B.... 88% 38% Waldorf (1%).. 18 = 18 Webber & H (1) 17% 174 West Pen (4)... 116 116 West Pen pf ( 95% 954 West Ele pf (7). 115 ~ 115 West Maryland. 15% 164 West Md 2d pf.. 23% 23% Western Pacific. 85% 86% West Pacpf (8). 91% 91% West Union (7). 120% 121% West Alr Br (6). 106% 106% Westinghse (4). 76 T6% Westhse 1st (4). 84 8¢ Wheel & LErie. 15 15% Wheel &LEDf. 28% 29 White Eagle (23 20 29 White Mot (4).. 3% 74 wickwire Bpenc i) % Wickwire Spris. 1% 1% Wickwire pfris. 13% 13% Wilson & Co. % % Willys-Overlan¢ 10 10 Wills-Over pf.. 74% 78 Woolworth /31. 120% 121% Worthington 6T% 684 Worthington A: 88 88 Worthington B{ 72 72 Wright Aero (1) 19% 19% Wrigley (3).. 48 48% Yellow Cab. 39% 397 Youngst'n S 734 134 $Payable in preferred stock. given o 'e above table sh parments based on the belf-yearly declarstions. oted,” extra er special u u u u s s s 674 20% 56 8% 18 17% 1156 95% 115 14% 28% 86% 914% 1204 108% 8% 84 15 28% 28% 3% % 1% 10% % 9% 73% 120% 5% 88 7z 16% 48 67% 88 72 181 48% 89% 3914 8 73 Taless ‘otberwise UNITED STATES BONDS. (Bales are in §1,000.) Bale Lib 3%5s. 586 Lib st 4143 44 Lib2d 4%s. 122 Lib3d 44s. 252 Lib44%s.. 254 US 451944, 181 US4%s's2. 26 High 0117 101 30 100 80 101 14 101 27 100 20 104 29 FOREIGN. Eales. 22 <14 104 82 10 46 Argentine 6s A. Argentine 6s B. Argentine 7s Austria 7s. Bank of Japan 6s. Belgium ¢y wi Belgium Belgium 8s. Berne 8 Bolivia 8 Bordeaux Brazil 7s Brazil 8s Canada 55 193 Canada 5s 195! Canada 54s 1829 Chile 75 1942 Chile 85 1926, Chile 85 1941 Chile 85 1946, Con Pow Copenha, Cuba 5% Czecho 8s 1951, Czecho 85 1952 o Danish Munic 8 Danish Munic §s B Denmark 8s Denmark 8s : DEI65%s Mch'53. DE15%s Nov '53. Dutch East I 65 '47 Dutch East I s '62 El Salvador 8s 48. . Finland s ¢ 65 1945 Framerican 7% French 7s w { French Govt 71is. French Govet §s.. Germany Tsw | 1. Holland-Amer 6s. Hungary 63s Japanese 4s Japanese 618 Jergens U M 6s Lyons és. .. Marsellle 63 Mexico 5s ass Montevideo Ts. Netherlands 63 °54. Netherlands Gs '72 Norway 6s 1943 Norway 6s 1944 Norway 6s 1952 v 8. . Paris-Ly's Paris-Ly’s-Med Parts Orleans 7 Prague 7. Queensland 6a. Queensland Ts. Rio de Jan 83 1945, Rio de Jan $n 194 Sao Paulo City Sao Paulo State 3a Seine Dept of 7s. Serbs Cr'tes Slo 8s Sweden 5%s ¢ Sweden 65 . .. Swiss 5128 1945 Swiss Confed & Toklo Gs... : Ud Kingin 8%s '29. Ud Kingm 54837 Ud Steam Copen 65 6 High. 95% 5% 1024 917 o9 754 94 110% 107% 111 98'% 85 > 109% 2 101% 110% 6% a7t Low. 101 12 101 28 100 27 101 10 101 24 100 17 104 27 Low. Close. 95 95 102 96% 98%4 874 8% 109 107% 1i1 93Y% 8415 84U 96% 102 10016100 100% 10314 56! 10315 109+ 97 044 100 : 103 0% 86's 99t 2 104 1017 116% T 17 106% 55 100 105% 106 9412 MISCELLANEOUS. Atax Rubber 8s... 28 Am Agr Chem 7 Am Chaln s f 6833 Am Repub deb 6= Am Smit & R 1st 5¢ Am Smit & R 63 Am Sugref 6s.... AmT&Tcltrds.. Am T& T cl tr 6 Am Tel & Tel 5s wi..161 AmT & Tdeb5%s 51 AmT& Tcyés 3 Am Water Wks Am Writ Paper Anaconda 1st 6 Ande; 5% pd. . Armour & Co 4%, Armour of Del 5% Atlantic Refin 5& Bell Tel Pa 5s. Beth Steel pm b Beth Steel rf Beth Steelg f 6s. . Brier H St 18t 5%s Bklyn Ed gen bs.. Bklyn Unjon G 5s. Central Leather 58 Chile Copper 68 Col Gas & F1 55 Col Ga & ¥l 5s at. Commonwih P 63 Con Coal Md 15t 63 Consumers Pow bs Cuba Cane ev T Cuba Cane o Denver Gas 5s.. Dery (D G) 7s..... Det Edison bs '40.. Donner Steel Du Pont de N 7 Duquesne Light Est Cuba Sug %8 Empirs G&F 7% Fedor Motls 78°39. Fisk Rubber 8s... Gen Elec dab 6s. Goodrich 6%s. Goodyear 8s 1931.. Goodyear 8s 1941.. Hershey 05 1942. Humble O&R 63s. Illinols Bell 1st 58. Illinois Steel 4%s. Indtana Steel 55. Int Mer Marine 6s. Inter Paper 53 47 KCP & L1 bs A '52. Kan G & E1 6 Keyser (J) 7s.... Kelly-Spring 8s Lackawa 8 63 '50 Liggett & Myrs os. Liggett & Myrs Ts. Lorillard (P) 5s. Lorfllard (P) is... Magma Cop ¢V 78.. Manati Sug sf 748 Marland O11 8s '31. Midvale Steel b Montana Pow bs Mor's&Co 1st 4%8. New Eng Tel 58.... N ¥ Eden 1st 6%58. NYG EL H&F 48 N ¥ Tol 432, ne s aBate = TPt [P s vanCrnamBan anda o - 0 N, @B B cavalanmn-wiE N Y Tel North Am North Am Ed 6% Nor States Pow 58 Nor States Pow 68 Otis Steel 745 Otis Steel 8. Pacific Gux&t ElGs Pac T & T 1st 58 Pacific T & T 53 52 pan-American 6 People’s Gas 3. Phila Co 5%s'38 Phila Co ref 88 A Phil & Rdg C Service 6 B... Eb Serv Ble 85.. Punta AlegTe 78.. Saks & Cosf7 Sinclair Ofl 6s. Sinclatr Oll 6%3. Stnclatr OH1 7 Sin Crude Of1 §in Crude Oil 68 Sinc Crude 65 W Sin Pipe Line 5: Bouth Bell Tel & 8o Por Rico Sug 78 Southwest Bell 58, Steel & Tube 7 Sug Est Orient Tenn Elec Pow Toledo Edn 1st 7s. United Drug 6s. U S Rub 18t rf o8.. U S Rubber 7%s U S Smelter 6s U SSteels t 6 Utah Pow & Lt Va-Car Chem 7 Va-Car Ch 7%s 5w Vertientes Sug 7s. Warner Sug 7833, 15 e - e = ANNTN AN —ORRRE R~ e - 95 29 7% 96y 97 106 101% 96% 1004 954 24 100% 91% 94 95 981y 991y 101% 100 1094 100% Close. 10117 101 26 100 80 10112 101 25 100 20 104 27 TAR, WASHINGTON, D. C, WEDNESDAY, JANUARY 21, INDERTONEFRN | (e v BONDS o e Recelved by Private Wire Direct to The Star Office. 95 95 102% 964 99 87% 93% 110% 107% 111 105% aus | oot | 90%; | 12% | 86 | |D&RGistrros. . { Chi B&Q gn 45 | Erie gen 4s -1925. Tow. Close. 92% 92% 98l 98% 111% 111% 108 108 86% 8h% 4 100% 924 63 61% 96% Sales. High. ‘41,18 93 20 98% 5 111% b 108% 8 86% 7 100% 13 10 Warner Sug 7 West Elec bs. West'n Union 6% Westinghouse 7 Wickwire Spen 7s. Willys-Ov 6%s'33. Wilson & Co 1st 6s Wilson & Co cv 6a. Wilson&Ccv T%s. 16 Youngstn 8&T 6s. 35 RAILROADS. Ann Arbor 4s. . Atchison adj 1= Atchison Gen . Atlantic C L el 4s Atlantic C L1st 4a B&Ovprin s B& Ogold 4 B&Ocv4 B&Oretbs..... Balto & O 1st s ct B&O 6s. B&Orf in 5 B4 O PLEWYV 43 B & O Toledo 48 Bklyn-Manhat 65. Buff R & Pitt 4158, Canad North 6%s, Canada North 7 Canada Pac deb 4s Cent of Ga 5% Cent of Ga 6s. ... Central Pacific 4s. Ches & O cv 4145, Ches O gn 4145, , Ches & Ohfo cv Chi & Alton Chi & Alton ¢ 64'% 827 884 86' 90 100 8T 897 38'% 100% 1034 101% 84% 69'% 8% 87ts n7 1164 o e welzand=aleiS8vonn~a 3 HOPS -SSP 58, Chi B&Q 1st rf 58 CB&Q-Ill 3%s, CB&Q-11l div 4s. 3% 100% 107% 84% 8314 B4L: 844 101 108 85 Cuba R R 53 CubaRR 71 Del & Ha 1st Del-Hud cv 5s " Dei & Hudsor D & Rio G i D & Rlo G Wst 5s. 101 Des M& Ft D 4s.., United 418 Erio 1st cons 4s Erle conv4sD. . Erie e Erie & Jersey 63 Gr Trunk Gr North 5 Gr North gen 7s. .. Green B& W db B Havana ERL&P 53 Hud & Man ref Gs. Hud & Man a 5 111 Central ref 4s 111 Central 5%s T C-C St L&NO b8 Int Rap Tran is Int Rap tpd Int Rap Tran 6s.. Int Rap Ti Int & C Imt&a Towa Louts & Louts &2 Louls & Nash 5 Louis & Nash 7s.. Manhat Ry cn 4s.. Market Mil El R M & St L Ist ref 4a. M StP & SSM cn 48 10214 iy 10015 8415 P 100% 941y 615 9015 99 101% 6% 84 9415 . 88 100 182 1167 T 7% 100% 84 100 914 608, 928y Mo Pacific 68 Montrl Tin 1st Nassan U R N O Tex & M in os. N O Tex & M 5s B.. NO Tex & M 54s.. N O, Tex, Mex 6s.. NYCengendh Y Cent cn 48 '98. Y Cent deb 4s. Y Cent ri 68 N Y Cent deb 6 N Y Cen LS cl 3448 ¥ Chi & St LGl%s ew Hav cd6s... w Haven 7s.... New Haven 7s fr. Y. Ont, Ws 1st 43 Ry rf 4s ctfs w York Ry aj o8 adj bs ct.. A ate Ry 4148, Y W & Bos 4148, Norfolk & W cn 48 Northern Pac 83 Northern Pac 43 Northern Pac r 1 6s B8Ry, el | 245 | 1063 | 1015 | Ore-Wash 1st rf ds 82 | 024 1021 | 110% | 1085 a5 Pennsyl zen 5s nns Peoria & I Pere Mara ist 5a.. Reading gn 4. . 1 Rio G West 1st 4s. RIATK&L 4 St L IM&S 45 °20 St LIM&S R&G 4s. 10 StL&SFpldsA.. 7 St L & S F pr In 5s. StL&SF5%sD. StL & S Fadj6s.. 101 23% 83 5% | StL&SF pl 6sC, StLSW lst 4s. St LS W con 4532 St P & KCShL 4%8 San A & Arn P 4 Seab'd A Li4s Seab'd A L 4s st; Seab'd A Ladj 6i Seab'd A L con 68 Sou Pacific 4s'29. Southern Ry gn 48 Southern Ry 1st 53 Southern Ry 6s ct. Southern Ry 6%s. Texas & Pac 1st bs Third Ave ref 4s.. Third Ave adj b Tol StL & W ds Union Pac 1st 4 Union Pac 48 '27... Union Paccy és Wabash 2d b Western Md Western Paclfic 68 — YARN MARKET QUIET. | PHILADELPHIA, January 21 (Spe- | cial) —The worsted yarn market is | quiet, but prices are strictly main- tained. The trade s waiting for the woolen openings before arranging for requirements. FHoslery and un- derwear yarns are in good demand, | { July | under FINANCIAL. WHEAT DECLINES AFTER ADVANING Fails to Pass Yesterday’s Top Price Record—Corn and Oats Also Sell Off. By tho Associated Pross, CHICAGO, January wheat advanced at the ou —Although had equaled the season's top price record. TInitial uptarns were ascribed to higher guations at Liverpool and to reports that Russlan agents were | Selling here, however, | buying there to realize profi scale, und a The opentng higher, with May 1.67% to 1.68. May went down to 1.89. Corn and oats gave w: of reports that one of the largest in- dustrial consumers of corn had re- duced the price of gluten meal $2 a ton. After opening unchanged to 1 lower, May 1.35% to 14, the corn market underwent a decided general setback. Oats started at % to % decline, May 62% to 63, and later suffered an additional drop. terfal decli ranged from % to 1 as a result Provisions were responsive to corn | COTTON QUOTATIONS ARE BARELY STSEADY | Foreign Cables Unsettle Prices in Local Markets—Good Ex- rpool cables a hester by a the cotton market todas were 3 to 12 sliowed ng i First prices lower and & net losses selling off of & o to j2 to 15 poin to 5 and M liquidation and lo d Southern selling. stricted, however, owing of {gn exchange. wi large esports market wa te, pool & were P talk of cor cotton, and the steady at the decline. Manchester cable advices the suggestion of increased tailment In Lancashire was accumulating varn stocks. New Orleans Quotations. v ORL . Janu market opened ing in m ades show 11 points and pr! further on more favorable d said due b lo a ces e hoped would for the next crop. | Washington Stock Exchange ot today, a reactlon set in as soon as the market took place on alarge | o ensued. | 1.81 to 1913 and | On the remction | points | ve months soon showed | | 3.95 cer- Offerings 1o s ot | falrly 21.—The due to r than losses of sed off weather | conditions in the belt, which it was facilitate preparations ! BUS COMPANY NETS - - §1040088 IN 1904 Added Revenues and Pared Expenses Result in $19.- 927 Gain in Year. BY CH P. SHAEFFER. The Washington TRapid Transit Co W&s operated at a net profit of $1 400.88 during the year ending Da- cember , 1924, uccording to state- ment by Leon Arnold, president, filed with the Public Utilities Commission thie afternoon. These figures rep: | sents an increase in net of §10,927 over 1923, a deficit of $4,52 was repc Motor car revenue improved during the year to tent of $14,145 t ring 1924. Total expenses administration, declined nistration expenses 7 additiona! income. $17.455, however, during which of $7.560 ll:f":h:r; rsed itself to the right edger in 1924 and profit of §7,063 it The staten 246,349.96. 1 outstanding Ad too the ecor: year. ed a loss of Gas Stock Highest in Years. The highest level in years wo corded by stock of tha ght toda net " gain of t 1ual meeting of stockholders of this company will be held February 2, and except for « of progrees for 1 £ beyo matters The com preterrod ally above opened at Open Local Offices. Bro; Co., Nes American Security Eleets that| 1 nill cur- | to w directo for the Corcor: Reesid dents | tar: .3 w613, 5 | So Washinz Washingt W Money - Bid and Asked Prices. BONDS. PUBLIG UTILITY, Call Toans, 5 ’ Bid. Auke & Talga. 6 . & Telga. 43, & Tel. o American Te 4 Amer. Tel Am. Tel S10 1005 D1 w0 90 100 C°& P. Telephone Ss.. @. & P_ Telaphooe of Va. Capital Traction R. R. * & Sgburban Georgetown Gas Setrapotitan R Potom Potom Potomac Elec. s 1853, Por. Flec. Pow. §. m. & Alex. & Mt Ver. Bn Alex. & Mt Ver ctfs. Balto, & Annap. bs.. hington Gas 55 ......... Washington Gas oo . & Rl D. C. Papdr Mfg. 6 Pot. Bk. o.. Riggs Realty 3s (long) . Wtigs Realty Gs (short) Southern Bldg. 8ios . Wash. Mkt (nla Rtorage Wardman Park Hotel 6s . STOCKS. PUBLIC DTILITY. Ameriean Tel Capital Tractlon ... Wa X I wa Wash Rwy - ptd Termioal Taxl com............ NATIONAL BAN Capital Columbis Commes District ....... Farmers & Mechanic: Federal-Americ | Liberty TRUST COMPANY. American Securits and Trust.. Continental Trust Merchant National nion Trust ....... Wash. Loan and Trost SAVINGS BANK Commerce & Savings Fast Washiogton . Security Bavings & Seventh Stre: United States Savings. Washington Mechanics FIRE INSURANCE, Amerfcen Corcoran Fireme National Unlon. TITLE INSURANCE. Calumbia Title.. Real Estate Title. MISCELLANEOUS. Merchanty: Transter & Storage. 110 fergenihaler Linotype . 16735 Nath Mtge: & Tnvest. prd.. s 014 Duteh Market com. 013 Dutch Market pfd. Lanston Mouotype Security Storage Washiogton Market. Yellow Cab.. *Ex dividend. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———Noon.. Bid. 45 March 13, 43,8 Mareh 15, 438 June 15, 258 September 4% s December 1 4%s March 15, 19: 32 100% 16 100 132 1014 82 100 $1-02 JER - | Capital ofter. | 101 1152 | Jersey Harris, Jan assistant assistant Northeast off savings i Bank. o Northeas -elected I 1t The | savings B: in v d. North Capitol Savings. s of the Nor have been re Theod . Grove, Clagett, ie, vice president cretary Henr he 7 cted F es, Rover, attorr The directorate was als as follows: Pa Hen s Clagett barle , Bdward F. Hail, Jos Allen Holla ore Mi W H. Winslow Irkle rd, one of the 1 America roptimist Club luncheon Visit Out-of-Town Banks. Joseph D. Yerk nd W. M son of the ¥\ | Bank, are | tour with the latest ideas equipment which savings departme 1 be used in t DIVIDENDS. ey 4 | consor.” Tt i & B ‘olumbia G, Do. Knoxs! ille. Stewart-Warner Speedometer .. United Rss. & Elrc Wolverine Port Ce R s ] FOREIGN EXCHAN (Quotations furnished by W. B Nomi Hibbe & Co) 1 Selling checks today. Loodon, pound $1.785 Montreal, dollar Parls, franc ... Brussols, frane Berlin, mark. . Rowe," lira Zurich, franc .....0 Athens, drachma . Madrid, peses > Yienna, crow: Budapet, crown a0 % | Copenhugen Chvwtiania. crown | | Stockholm, crown - INCREASE IN SURPLUS. NEW YORK : | Public Service Corpora reports increas plus for 1934 to $5,013,115 af . and charges, compared with $5,667,38 in 1928 | Jan 1