Evening Star Newspaper, January 24, 1925, Page 14

14 * MOVES AREMAED N STOCK MARKE Oils and Southwestern Rails in Brisk Demand—Close Is Irregular. hie Associated Pross W YORK, January 24- isplaved considerable irregu- today's brief session of the With the opening delayed 45 to give members and em- the exchange an opportu- to view the eclipse of the sun many operators absented themselves altogether. 2 ofls and Southwestern rails re in brisk demand, several of them alning their highest prices in a ar or more. Weakness developed, ywever, in the textile and motor groug American Woolen common and preferred each dropped about 2 points in anticipation of a poor show- ing in the 1924 reports, soon to be ished, and Mack Truck, Nash Mo- pandler sold a point or so erday’s final quotations snts presented several strong eflection of the annou dditional large orders Iroads, Americ jumping 3% was Irregular. Total oximated 450,000 shares. Stock YORK.—Stocks irregular; oil gain in demand. Bonds firm; lead advance in rail exchanges ea sterling reacts on profit taking. Cotton highe > buying. Sugar featureless. Cof- fee lower; selling by importers ADVANCES IN PRICES OF OIL HELP STOCKS Br the Assoclated Press. W YORK, January 24.—From the k market standpoint during the past week one of the most significant developments of the week was the eral advance in crude and gaso- following the apparent tablishment of peak production in the Wortham field, in Texas. This in- in prices was reflected in the accumulation of the petroleum Marland And a few others at their highest prices in over ssues elgn genthaler Lin AFTER ( Washington Gas apital Traction Co At 91% a 3 and Invest 150 at 8%, 100 at 9% BONDS. Bid and Asked Prices. PUBLIC UTILITY Bid Prd.—40 at 9%, Asked. ga. d6..... 96% 438,00 110 103 12805 a & Potoma 4 & Potomac guar. ou. 80 e .. o100 971 w. & ref. 7 Alex. & Mt. Ver. bs.... Ralt. & Mt. Ver. ctfs.. Halt. & Annap. 5s...... Wash., Wash Wash., Wash. Rwy Paper Mfg. B« L. BK. Bs.. 1ty 5s (look) Realty 3s (sho: lern Bldg. 6138 B b Mkt. Cold Storage 5y Wardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY. n & Telga.. Capital e Washingte Norfolk & Wash W Rwy. & Wash, Rwy. & E Terminal Taxi com...... NATIONAL BANK. Steamboat.... National Bank of Washington . TRUST COMPANY. urity & Trust TSt o s oo sen Bank 5 avings & Trust.. Union Tr St Wash. Loan & Trust... SAVINGS BANK. Natiynal Union 2 TITLE INSURANCE. ia Title state Title. MISCELLA Merchants® Transfer & Nitfual Mige Old Duteb Market com. - Ol Dugeh Market bed..... Security St Ak Waslington Marke Yellow Cab. “Ex. dividend SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Close— Bid. Offer Alumioum Co. of Amer. wiainum Co. of Ame American Sugar American Tel. & T Anacondn Ce entral i, il i, R, 100% 100 101% 100! Continental Gas & El 10045 t 74w 1031 T 1083, Federal Sugar Ref. s 108300 4 (73 Goodyear T. & K. By 1851.. 100 Great Northern 7s 193 11015 Guif 0fi Corp. of 1 Hunble Ol 51 101 101% 1084, 100:5 1168, yregon Short Line " 967 071 Pennsylvania R. R 10813 101 104 108 10815 11y 1081 nion Tank Ca; . Rubber 7 Western Unlon Westinghouse E. Wheeling Steel ts 10: Fisher Body Corh. s 19: ment February 1, 1 Fisher Body Corp. went Febroary 1, pay- ‘alled for pay- Many a person has built up a pala- tial estate upon the ruins of their own manheod and womanhood. FINANCIAL. NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JANUARY 24, 1925. PRIGES HOLD FIRM | [Cox-xew vore BONDS sroc xciancr] « Received by Private Wire Direct to The Star Office Adams Exp (6). Ajax Rubber. ... Allled Chem (4). Allis Chaim (4). Am Agricul Chm Am Ag Chm pf.. Am Bk N (1123) Am Beet Sug (4) Am Bosch. Am Can (18) AmCar & F (12) 2 Am Chain A (2). Am Chicle. Am Drux Snyd. . Am Express (6). Am & F P 25% (1 Am & For Pow.. Am & Fr P pf(7) Am Hide & Lea. Am Hide & L pf. Am Internatl. Am La France (1 Am Linseed pf.. Am Locomo (6). Am Metal (3)... Am Radlacor (4) Am Ship & Com. Am Sm & Ref (6) AmS & R pf (7). Am Stl Fdys (3) Am Stl Fy pf (7) Am Sugar.... Am Sumatra.... Am T & Tel (3. Am Tobacco. Am Tobacco Am Tobac pf (6) Am Wir W (13%) Am Woolen Am Wool pfd (7) AmzZine ....... Am Zinc pf Anaconda (75¢). Ann Arbor pf. Armour Del (7). Arn Cons & Co Asso Oil (1%) AtT&SFe ( atl Birm & At... Atl Const L (18) AtGuIf& WI... At Gulf & W I pt Atlantic Refilnin Austin-Nichola. Baldwin L (7) Bal & Ohto (5) Barnett L pf (7) Barnsdall A.. Barnsdall B.. Beech-Nut (3).. Bethlehem Steel Beth Stl pf (7).. Beth Stl pf (8).. Booth Fisherles. Bkl Edison (8).. Brk-Man Tran. . Brklyn Un G (4) Brunswick-Blke Burns Br B (2). Butte Cop (50c). Butte & Superior Butterick Ca. Caddo Central Cal Packing (6). Cal Pete (1%) Callahan Zifk. .. *Canada Sou (5) Can Pacific (10). Cent Leather. .. Cent Leather pf. CRRNJ (+12). Cero d Pasro (4) Certaln-Teed. .. Chand Mot (3).. Ches & Dhio /4). Ches & O pf (6% Chicago & Alton Chic & Alton pf. Chic & East Il1.. Chic Gr West. Chic Gr West pf. Chi Ml &St P.. Chi Mil & SP pf. Chi & Nwn (4)... Chi & Nw pf (7). Chi PneuT (5).. ChiR1& Pac. Chile Cop (2%). Cluett Peab (5). Zoca-Colo (7). Colo Fuel & Iron Colo Southern. . Col G & E (2.60) Col G & E pf (7). Col Carbon (4).. Com Inv (2.50). . Congol-Nairn (3 Conley Tin Foil. Consol Cigar. ... Con Cigar pt Con Distributrs. Consol Gas (5).. Consol Textile Cont Can (4) Cont Insur (6).. Cont Mot (80¢).. Corn Prod (2) Cosden Co. Cosden pt (7). .. Crucible Stl (4). Crucible pf (7).. Cub Am Sug (2). Cuban Cane Sug Cub Cane Su pt. Cuban Dom pf. Cuyamel Fr (4). Daniel Boone. Davison Chem Del & Hud (8) D&RG Wstpf.. Dome Mines (2). Du Pont (8).... Dugquesns pf (7) Eastman (18) Eaton Axle..... Elec St Bat (15) End-Jobn (3)... Fed Lt & T (°7). Federal Mines. . Fed Mines pf () Fisher Body (n) Fisk Rubber. ... Foundation (6). Freeport-Texas. Gardner Motor. . Gen Asphalt.... Gen Electric (8) Gen El 8pl (60c) Gen Motors (5). Gen Mot pf (7). Gen Petrol (2).. Gimbel Bros. ... Ginter Co (1%). Glidden Co..... Gold Dust...... Goodrich Goodyear pf.... Granby Consol. . Gray & Davis. .. Grt North pf (5) Grt Nor Ors (4). Grt Wstn Su (8) Greene Canan Guantanamo. Gulf St Steel (5) Hartman Co (4). Hayes Wheel (3) | Helme Geo H. Househ P (f3%) Houston Of1 Hudson Man. ... Hudson Mot (3). Tllinois Cant (7) Independ Ol1 (1) Indian Refining. Inland Stl (23). Inspiration Cop. Internat Agri. .. Int Com Eng (2) Internat Har (5) Int Mer Mar pf. . Internat Nickel. Inter Nick pf (6) Internat-Paper. Int Pap pf st (6) Int Ry Cent Am. Inter Shoe (5). . Int Tel & Tel (§) Jewel Te: 5 Jordon Mot (3). Kansas & Gulf.. Kan City South. Kan C 8o pf (4). Kelly-Sprigfield. Kelsey Whi (6). Kennecott (3). . Keystone T & R. Kinney GR. Kresge Dep Laclede Gas (8). Lehigh Val (3%) Lig & Myrs B (3) Lima Loca (4).. Loews Inc (2).. Loft. Open. High. 98 1% 83% 79% 16% 507 176 42 42 165% 4 201% 25 384 6% 4 153% Lorrillard (3) Louisiana Oil. Ludlum 2). Melntyre (1).... Mackay (7) Mack Trucks (6) Macy HR & Co. Magma Copper. . Mallinson & Co. . Man El md g (6) Manhat Shirt (3) Manila Electric. Maracaibo OIl. . Market St prior. Marland Oil. ..., Martin-Parry 4. Mathleson Alka. Mathieson rts... Maxwell Mot A. . Maxwell Mot B. May Dept St (5) . Metro G pf (1.89) Mexican Seahd. Miami Cop (2).. Middle States. .. Mis Kan & Tex. MK & Tpf (5).. Missouri Paclfic Missouri Pac pf. Montgom Ward. Moon Mot (3)... Mother Lode 76¢ Nash Mot (111). Nash pf (7).... Nat Biscult (14) Nat Cloak & Sut Nat C1 & S pt (7) Nat Datry (3) Nat Dept Story Nat Dp St 1st (7 Nat Enamel & 8 Nat Enam pt (7) Nat Lead (8). Nat Supply (3). Nevada Copper. N Y Alr Br (4).. N Y Canners (2) N Y Central (7). NYCStL(6)... NYC&SUL pf (6) N Y Dock. N Y Dock p L NY NH & Hart.. Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (5).. Onyx Hos pt (7) Otis Elev (15%) Otis Steel. . Owens Bot ( Pacific Coast. .. Pacifio Gas (8 Pacific O11 (2).. Pac Tel & Tel Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Panhandle. ... Penn C&C (4).. Pennsy RR (3). Penn Seab Steel. Peoples Gas (8). Peoria & East.. Phila Co (4).... Phila @ RC&1. Philllp Morris. . Phillips Pet (2). Plerce-Arrow. . Plerce-Arrow pt Plerce Ofl. ..... Plerce Ofl pf. Plerce Petrol. .. Pitts Stl pf (1) Pitt Tr<Coal pr. Pitts Ut pf (1.20° Pitts Ut ctfs 1.20 Postum-Cer (4) Press Steel Car. Prod & Refiners Pub Ser NJ (5). Public Serv rts. Pullman Co (8). Punta AlSu (5). Pure Oil (1%). Pure Oil pf (8).. Radlo Corp of A Radio-C pf (3%) Ry Stl Spg (8).. Ray Cons (Jop. Reading (4) Reading rts. ... Reading 18t (2). Read 2d pf (2).. Remington Type Replogle Steel. . Rep I & Steel. . Reynolds Sp (1) Rey Tob B (3)... Roy Duth 4.42% St Josepn Ld (2) StL & San F (5) StLSanF pf (8) St L Southwest. Savage Arms. .. Schulte (8)..... Seaboard Afr L. Seabd Alr Lpf. . Sears-Roebk (6) Seneca Copper. . Shell Trad (2.08) Shell Union (1). Shell Un pf (6). Stmmons (1). Stmms Pet (50¢) Sinclair Of}. Skelly Oil...... Sloss-Sheft (6).. South Port § (6) South Pac (6).. Southern Ry (5) Spicer Mfg Std Gas & El (3) St Ofl Calif (2).. StOfINJ (1)... StOILN J pf (7). Std Plate Glass. Sterling Prd 6% Stew Warner (5 Studebaker (4). Submarine Boat Superior Ofl.... Symington... .. Symington (A). Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & PacC& O Timken (13%).. Tobac Prod (6). Tobac Prod A (7 Transcont Oil. .. Transu & W (3) Twin City (4)... Underwood (3). Union Ol (1.80). Un Pacific (10). Un Pac pf (4)... Utd Clgar (13%) United Drug (8) Utd Ry Inves pf. U 'S Cast Iaon P. U S Distributing U S Hoff (50c). . U S Ind Alcohol. U S Realty (8). U S Rubber U S Rub st (8). U S Smelting. ... U SSm pf (3%) U SSteel (17)... U S Steel pf (7). Universal Pipe.. Unlver P pf (7). Utah Securities. Vanadium Va-Caro Chem Va-Caro Ch pf. Va-Caro Chem Wabash pf A Waldorf (1%). West Ele pf (7). Wast Maryland. West Md 2d pf. Western Paclfic. West Pac pf (6). West Union (7). Westinghse (4). Wheel & L Erle. Wheel & L E pf. White Eagle (2) White Mot (4).. Wickwire Spenc Wickwire Sp rts. Willys-Overlan¢ Wills-Over pf... Woolworth /37, tPartly extra. Dividend rates ‘as gl are the annual ca: latest querte Usless otherwise Open. 32 20% 38% 16% . 117% 121% 9% 42% 87 48 26% 294% 29% 504 4% 82% 53% 1% 79% 854 106t 19 16% 23% 1% 31% 81 87 8% 534 244 8% 246% 10414 70% 704 “ 3 1 9% 78% 119% 17% 115 15% 24 88 91 121% T5% 1515 2914 T4 ] 1% 1 9% 78% 118% 69% 48% 9% T4% 119% 70 494 39% e above extra o dividends are mot included. 94% 36 46 128% 125 42 78 50% 29% 2% 1% 1% 8 21% 68 17% 115 15% 24 86 91 121% T6% 15% 29% 29% T4% % 1% 9% T4% 118% 694 49% 39% tPayabie in prererred stock. en in t] table payments based on the or balf-yearly declaratic noted, N BOND HARKET “Katy” Adjustments Lead Rail Group—O0il Liens Are - More Prominent. BY GEORGE T. HUGHES, Spectal Dispateh to The Star. NEW YORK, January 24.—In to- day’'s short session, abbreviated as it was by the delay in opening on wc- count of the eclipse, the bond market showed the same characteristics as it had all week, namely, the generally firm tone for the purely Investment list and activity in the speculative descriptions corresponding to devel- opments In their respective stocks. Among the rails the leaders all the week have been the Seaboard Ailr Lines, all of which have made new high records. “Katy” Adjustments Riwe. Missouri, Kansas and Texas adjust- ments rose over a point on large transactions, accompfnying the rise in the stocks. These bonds have been helped by reports tha the Missouri, Kansas and Texas is shortly to go into combination in the Southwest. Great Western 4s were off fractlon- ally. Among the transactions there was unusual activity in Brooklyn-Man- hattan Transit 6s, which have been the leaders all week. They made a record high of 87, at which figure they were up a half a point from Fri- da Responding to suggestions that the dividend on New York Central will be raised. partly with a view to ac- celorating the retirement of the de- benture 6s, which are convertible into the stock, buying continued In these bonds. There were realizing sales in the Seaboard issues and the Missourl Pactfic is. Sympathizing with the activity in the oll stocks, oll bonds were more prominent. The Skelley 6%s were up fractionally, and Sinclair Collateral 7s changed hands at 92, American Agri- cultural 7i%s sold at par this week for the first time since the recent de- pression fn the fertilizer trade. STEEL OUTLOOK NEVER BETTER, SCHWAB SAYS Prices Should Increase $10 Per Ton, He Declares on Departure for Europe. By the Associated Press NEW YORK, January 24.—The steel outlook never was better, and all'stee! companies should show improved earnings this year over 1924, Charles M. Schwab, chairman of the Bethle- hem sel Corporation, sald today on nis departure for Europe Prices, he asserted, should Increase at least $10 a ton because of the cost of raw materials, as present levels are $10 a ton lower than a year ago. The general business outlook could not be better, America {s growing all the time, and there is no occasion for alarm, he sald. ——— e GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Asked r Gt (war loan) Gs 191418 2050.00 umburg 438 1919 500.00 438 (forced loan). . 26.00 s 1823 (am pieces) £ 3 2514 Ger Gen Elec 4355 1919 Berlin 4 pre-war...... Hambg 85, 3'as & Hamburz Amer Line 435 North German Liosd 4% North German Liosd, Prusslan Consols 8%4s. Krupp 58 1921... Dusseldort Js pre-war. Frankfort a-M ds pre-wsr... Munich 4s prewar S Disconto Dresdner Bank Deutsche Bank Darmstaedter Bank . Mercur Bank Vienns COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MILWAUKEE, January 24.—Stor- age stocks of cheese are a quarter of a million pounds lower than a year ago. Wisconsin recelpts for the past week decreased 261,000 pounds, current trading stocks decreased 350,981 pounds, while the apparent Wisconsin trade out- put was 4,129,000 pounds, an increase of 251,329 pounds for the week. BILOXI, Miss., January 24.—Missis- sippi oysters have been given a clean bill of health as a result of a rigid investigation made by the Mississippi oyster commission, which found the bivalves free from contamination or disease germs found to exist in some other oyster shipping sections. ST, PAUL, January 24.—Flour stocks and orders for future delivery at Twin Cities flour mills are both large at present. Miilers anticipate a sag in wheat prices. ENID, Okla., January 24.—Members of the Oklahoma and Texas Wheat Growers' Assoclation will feceive shortly payment of about $2,000,000 for wheat marketed through the or- ganization. This is the third pay- ment on tre 1924 crop, bringing the total so far received to $8,500,000. DETROIT, January 24—The 1924 sales of the Ford Motor Co. of Canada comprised 71,726 cars and trucks, of which 37,822 were for ex- port. These figures. compared with sales of 79,115 and exports of 37,353 for 1923. T FOREIGN EXCHANGE. (Quotations turnished by W. B. Hibbe & Co.) Nominal Selling checks gold value. today. pound dollar . Athens, drachma . Madrid, peseta Vienna, crown Budapest, crown Prague, crown Warsaw, zloty Copenhagen, ¢ Christiania, crown Stockholm, = TREASURY CERTIFICATES. (Quotations furnished by Redmona & Co.) ———Close. Bld. . 1003 L 1004 - 100% 1007358 99 15-16 100 1-82 101 7-32 101 5-16 101% 101 1007% 100 21-82 - 101 2 101 31-82 - 101 27-82 101 8132 crown ch 15, March 15, June 15,1025 September 15, December 15, 1625, March 15, 3 ils September 15, 1 4305 Maren 15, 1627. 438 December 15, 192 [S——— CHICAGO STOCK MARKET. CHICAGO, January 24—Following is a report of today's sales, high, low and closing quotations at the Chicago Stock Exchange: S High. 150 Montgome 160 Switt & 3 Low. Closs. Ward. 53 528, 7 118 185 Wrigley 200 Yellow Cab . oo Yeilow Mg B 40 | Total sales, 25,000 shares. | Det Edison &s "40 Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are in $1.000.) Sales. High. Low. Close. 102 101 18 10117 101 17 14 101 24 101 23 101 28 157 100 81 100 29 100 29 88 101 16 101 15 101 15 242 101 29 10127 10128 185 100 20 100 18 100 20 11 104 30 104 27 104 27 FOREIGN. Sales. High. Lib3%s Lib 1st 4 Lib2d 4%s. Lib 3d 4%s. Lib44ys.. UBS4ds1944. US4%s 62, Low. Close. Argentine bs...... 1 ¥3% 83% 83% Argentine 6s © 16 954k 9b% 95% Argentine 6s B.... . 95 95 o5 Argentine 7s 102% 102% 102% Austria 7 Eore 97 96% 96% Bank of Japan 6s. 991 99% 9% Belgium fs wi.... 87% 87% BT% Belgium 6% w 1. 94y 94 94 Belglum 7is. 110 110 110 Belglum 8s..... 107% 107% 107% Bolivia 88 93w 93% 934 B4% BAY Ba% 97% 9T% 9T% 1024 102% 102% 102% 102 102% 102% 1024 102% 100% 100% 100% 43% 48% 43% 114 111% 111% 90y 90% 90% oTh 9% 9Th 98 98 68 99% 99% 99% 100 99% 100 101% 101% 101% 110% 110% 210% 963 96% 96% 96% 9614 964 100% 100% 100% 100% 100% 94% 944 92 92 100 100 102% 102% 95% 95% 844 Bdly 89% B9I% 9% 911 50 90 #5% 85% B4% B4% 23 23 37% 38 102 1024 105% 106% $9% 100 99% 99% 99% 99% 12% 86 79% 9214 4% 264 80t 66 99% 1037% 101% 1164 117% 1064% Ruarm 12 ® E == E O SISO PP L Ty Canada 5s 1931. Canada 5s 1952, Chile 7a 1942 Chinese Gov Ry Christiania $s Con Pow Japan 7 Copenhagen 5% Cuba 5%s. Czecho 88 1951. Czecho 8s 1952 ct Denmark 6s Denmark 8s . DET5%s Mch ‘53. DEI5%8Nov '53. Dutch East I 63 '47 Dutch East I 65 '62 Framerfcan 7% French s wi ... French Govt T%s. French Govet 8 Germany Ts wl... Holland-Amer 6s. Hungary 6%s Japanese 634s. ... Jergens U M 61 47 Lyons 6s. . Marsellle 6 . Mexico 4s '04 asntc Mexico 6s assented Netherlands 68 '54. Netherlands 6s '72. Norway 65 1943 Norway 65 1944 Norway s 1962 Norway ... Orfent Dev deb Paris-Ly's-Med 6s. Prague 7% . Rio de Jan 88 1947, ot e Sonwl @ L = O N T Serbs Cr'tes Slo 88 Sweden 5%sct.. Sweden 61 Swiss 5% Swiss Confed 8 Ud Kingm 6% La Kingm . 2urich 8s. .. o R Am Agr Chem Tis 12 Am Chainsf6s'33 3 Am Repub deb 6s. Am Smlt & R 1st 52 Am Sug ref 6s. . AmT& Tcltrds Am T& Tl trbs.. Am Tel & Tel 5s wi.. Am T & T deb 5%s Am Water Wks b1 Anaconda 1st 6s. . Anaconda cv db 78 Andes 7s 25% pd. . Armour of Del 5% Associated Ol 6; Atlantic Refin 58 Bell Tel Pa b8 Beth Steel pm 5 Beth Steel rf bs... Beth Steel 5%s '53 Beth Steelsa f 6s. .. Brier H St 1st 5%3 Bklyn Ed gen & Callf Pate 6%s. . Can Gen El leb 6s Central Leather & Chile Copper 68 Cin G E5%s " Con Coal Md 1st 58 Consumers Pow b8 Cuba Cane cv 7t '3t Cuba Cane cvd 2s. Denver Gas 5 » » © B g N O O P I I T ST POR TSP PE S YO © Det Elison ref 6s Donner Steel 7s Du Pont de N 7% Dugquesne Light fs Est Cuba Suk T8 Emplire G&F 7 Feder Metls 78'39. Francls Sug 718 Goodrich 63%s. .. Goodyear 8s 1941 Hershey 63 1942. Illinofs Bell 1st 5 Int Mer Marine 6s. Inter Paper 58 '47. Kan G & E1 6552 Kelly-Spring 8s. Liggett & Myrs bi Liggett & Myrs T Lorillard (P) 68 Magma Cop ¢ Marland Oil 8s Midvale St Mor's&Co 1st 4% New Eng Tel 68 NYG EL H&P NYG EL H&P & N Y Tel 43%s. N Y Tel 68 '41 North Am Ed 6s. North Am Ed 6% Nor Ohio T&L 6 Nor States Pow 5: Nor States Pow 6 Northwst B Tel 7s. Pacific Gas & E1 53 PacT & T 1stbs.. Pacific T & T 6362 Pan-American 6s People's Gas bs. .. Phila Co ref 68 A. Phil & Rdg C&I 8. Public Service 5s Public Service 6 S. Pub Serv Elec 63 Punta Alegre Saks & Cos 78, Sharon Stl H §s. Sinclair O1l 6s..... Sinclair Oil 6%s... Sinclalr Of17s. ... Sinc Crude 63 W 8in Pipe Line b South Bell Tel 5 So Por Rico Sug Southwest Bell 6 Steel & Tube Ts. Sug Est Orient 7: Tenn Elec_Pow 6s. Tide Wat Oll 63 Toledo Edn st 7 U S Rub 1st rf 5. U S Rubber 7%s... U SSteels f5s. Utah Pow & Lt b: Va-Car Chem 7; . Va-Car Ch 7%s sw Vertientes Sug 7s. Warner Sug 78 '39. Warner Sug 78 '41. West Elec 6 West'n Unlo Westinghouse 7 Willys-Ov 638’ Wilson & Co 1st Wilson & Co cv 6s. Wilson&C cv 7% Youngstn S&T —_— BOSTON STOCK MARKET. BOSTON, January 24.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: High, a8 1 - = 103% 4 100% 102% 95% 104% 105 106 106% 109 86 91 99 83% 99% 102% 961 106 7% 99% 103 109 8A74 106% @ @ L TTTTIOF U S U - > PP O b S N OP S SRS - o 106% 105 104% 924 925 84 B2W 48% 47 925 024 84 84 94 943 98% 98% 1114% 111% 108% 108 100% 100 93% 93% 65 62% 66 641 97% 97 1o Low. Close. 333 1igy Bingham . Calu & Hecia Copper Range . H C Quincy Swite & Co Ttab Metal Ventura 01l | RATES ON BAR SILVER. LONDON, January 24.—Bar silver, 321-16d per ounce. Money, 2% per cent. Discount rates—Short bills, 311-16a3% per cent; three months' bills, 313-16a3% per cent. RAILROADS. Sales. High. Atcnison adf4s... 10 83 Atchison Gends... 7 89 AtlanticCL1st4s 5 90% B&Ocv 4%s.. 90 B&Oret b 9% Balto & O 1si 100% B&O . 103% B&Ort imp 6 102 B&OPLEWYV 43 84% B&OBW div3 160% B & O Toledo 69% Bklyn-Manhat 6s. 148 87% Canad North 6% 17% Canada North 7 116% Canada Pac deb 4 79% Car Clinch & O bs 101% Cent of Ga 5%s... 3 100 Cent of Ga 6s. 108% Central Pacific 4s 874% Ches & O cv 4% 96 Ches & Ohlo cv 107% Chi & Alton 38 62% Chi B&Q 1st rf 58 Chi & E1gn b Chi Great Weat 4 C M & Puget Sd 4 Chi M & St P 48 '26 CM&StPdb4 Chl M&St Pev 4 Chi M&St P rf 4%s Chi M & St P v b Chi M&SLP 68 Chi & N W ret 6 Chi & NW T Chi Rye bs Chi RI1& P gn 4 ChHRI&Prfds... Chi Un Sta 4%s Chi & W Inc cn 4 Chi W Ind T%s CCC & St L 58 Cleve Term 5%s. Del & Ha 1st rf ds. Del-Hud cv 55 '35. Del & Hudson 6%s D& RG 1strf bs D & Rio G Wst Erfe 1st cons 48 Erfe conv 4s A. ErieconvidsD.. Erie & Jersey 6 Erie Genessee R 63 Gr Trunk sf db 6s Great North 53 Gr North 5%s Gr North gen Havana ERL&P s Hud & Man ref bs Hud & Man aj 5 Int Rap Tran & Int Rap Tr 6s stpd. Int Rap Tran 6s Int & G Nor 1st fs. Int & G Nor aj 6s Kan City Ft S 4s Kansas City S 3s.. Kansas City S bs Kan Cy Term 4 . Lake Shore 45 '23. Lake Shore 4s°31. Manhat Ry cn 4s Market St Ry 7s. Mil EI Ry & L 6 M & St L 1st ref s MStP & SSM 6% MK & T adj 6 MK&T6sC.. Mo Pacific gen 4s.. Mo Pac 58 1926. . Mo Pacific 58'65 Mo Pacific 6 NOTex &M5sB.. NO Tex & M 5%s. N Y Cent ri b N Y Centdeb 6s. .. NY Chi & St L5%s NYC&StLG6sA.. New Hav d 48 '57 New Havcd 6s New Haven 7s NY Ry rf 4s ctf, NY Rys adj 5a ct N Y State Ry 4 Northern Pac 3 Northern Pac 4 Northern Pac 6s Northern Pacr i 68 Ore Short Liref 4 Ore Sht Licn 5s '46. Pennsyl gen 4%s. Pennsyl gen 5s.... Pennsyl 6% Pennsyl gol Pere Mara ist 5 Por RL & P 68'47. Rio G West 1st 4, St L IM&S 45°29. StL&SF pl4s A StL&S Fprin b StL&SF5%sD StL & S Fadjés StL&SFincs... StL&SFplésC.. St LS W con 4s'32 St P & KCShL 4%s St P Un Dep 5% San 4 & Arn P ds.. Seab'd A L 4s. ab'd A L 4s sta Seab’d A Liref 45 Seab'd A Ladj 5s.. Seab'd A L con 6s.. Southern Ry gn Southern Ry 1st 53 Southern Ry 6s Southern Ry 6 Third Ave adj Union Pac 1st 4s.., Union Pac 1st rf 48 Un Pe 1st rf 5 Union Pac cv Virginia Ry st Va Ry & P 1st s Wabash 1st . Wabash 2d 68 Western Md 4s.... Western Pacific 58 West Shore 1st 4 Whel & LE rf 4%, P e IS Y ® R = T O o O T i o S SR PP O~ JOT PP TY . Y 82 NP ) o BamomapBaaice wan 69°% NEW ZEALAND BUTTER LOWERS PRICES HERE Heavy Receipts of Domestic Stocks Also Weaken Market During Week. By the Associated Press CHICAGO, January 24, Excessive supplies of top grades and a lack of confidence resulted fn declines in prices in the principal butter markets during the week. Receipts were un- usually heavy and buying demand was too Hght to effect a clearance of stocks. Decrease in production was indi- cated In reports of co-operative man- ufactures, those of the American Creamery Butter Association showing a decrease of 5.7 per cent from the corresponding week of last year and a decrease of 6.2 per cent from the pre- vious week. Movement out of storage was slightly lighter than during pre- vious weeks. Arrival of 4,000 boxes of New Zea- land and reports of consignments of 23,500,000 pounds from New Zea- land to England, some of which may be landed in New York, were weaken- ing factors at that market. Closing wholesale prices, 92 score, and price range, follow Chicago, 2% less at 37; New York, 2 less at 37%; Boston, 2 less at 3 and Philadelphia, 23 less at 383 SN SR MARKET VALUES GROW. OTTAWA, Ontario, January 24.—The report of the bureau of statistics fix- ing the value of Canadian crops in 1924 shows that, while crops were much reduced In,bulk from the pro- ductlon of 1923, the aggregate value of all fleld crops {n 1924 is $396,257,- 900, an increase of $97,091,700 over the market value of the whole crop of 1923, T aiala = SEEKS $10,000,000 LOAN. NEW YORK, January 24—The Ger- man-General Electric Co. has been added to the growing list of foreign industrial corporations turning to the American market for new ‘financing. Negotiations are about completed for flotation of a $10,000,000 loan through the Natlonal City Co. next week. - — \ Ninety-seven women employed in the Government Printing Office in Wash- tagton are listed as skilled laborers. FINANCTYAL.' TRADING IN WHEAT SMASHES RECORDS Week Sees Heaviest Buying in World’s History—Corn and Oats Off. By thie Associated Press. CHICAGO, January 24.— Extraor- dinary urgency of buying demand for bread grain is sald by competent ob- servers to have resuited in probably the largest world trade fn wheat this week ever known. Prices have made a corresponding big advance. As against a week ago the Chlcago wheat market this morning was 8% to 10% a bushel higher, with corn ranging from 1 decline to % galn, oats unchanged to % off and pro- visions 20 to 72 up. New Record Every Day. With foreign purchase of future de- liveries of wheat here much in evi- dence and with the Liverpool market at a new peak for the season, wheat smashed high price records here cvery successlve 24 hours, excepting only one single day. That exception was followed by the sharpest upturn of the week. The im- mediate occasion for this particular upturn was an explicit statement from a leading exporter in this coun- try that he and others prominent in the foreign trade were disposing of breadstuffs in Europe as fast as pur- chased In the United States. One of the many factors which gave over- whelming impetus to the upward swing of the wheat market was an officlal anfouncement that almost twice as much wheat, including flour, had been shipped out of the United States during the last six months as was the case a year ago. Sterling Another Factor. The rise of sterling exchange to the highest point in more than 10 years, together with likelihood that the Brit- ish pound would soon be at a gold parity, was also a notable stimulating influence. Possibility that a crop scare would develop later regarding domestic Winter wheat recefved spe- clal attention, too, in some quarters. Corn and oats were weakened by lack of demand for low-grade corn and by indicatlons of larger receipts. Some tapering off in the movement of hogs to market gave a lift to pro- vislons. COTTON QUOTATIONS "~ MOVE BUT LITTLE Early Decline Largely Made Up in Later Trading as Week Closes. ed Press YORK, January 24—An ac- cumulation of overnight selling orders weakened the opening of the cottor | market today. First prices were steady at a decline of 2 points to an {advance of 2 points, but active months soon showed et losses of § to 7 point March selling off to 23.13 and May to 23.45. or into new low ground for the movement Considerable trade buying was ported on this decline, and, after in tlal offerings had been absorbed, the market steadied on covering for over the week end, May selling up to 23.57 by the end of the first hour, Liver- Pool cables reporting a quiet market and a little trade selling. Cotton on shipboard awalting clear- ance was estimated at 146,000 bales against 98,000 last year New York cotton futures closed steady at net advance of 10 to 13 points. High Low ) 13 o v i:T December ... 84 2353 Opening: March, 23.20: Ma; 23.75; October, 23.55; December, 23.33. New Orleans Quotations. . NEW ORLEANS, La., January The cotton market opened easier to- day despite Liverpool was about as due and first trades showed losses of 1 to 4 points. The undertone contin- ued bearish under the influence of the large ginning figures of yesterday. One of the unfavorable developments was the announcement of the largest New England mills going on a five- | day weekly schedule. New Orleans cotton futures closed steady at net advance of 5 to 12 points. October . December S CHICAGO GRAIN PRICES. CHICAGO, January 24.—Although wheat underwent a material setback in price soon after the opening to- day, the market quickly rallied and scored a sharp advance. The down- turn was largely due to an overnight accumulaticn of selling orders, but a house which yesterday led the sell- ing took a reversed position today and energetically helped to lift the market. Canadian crop estimates were construed as bullish, and so, too, were latest est!mates on the export- able surplus in Argentina. The open- mg here, which varied from un- changed figures to li-cent higher, with May 1.93% to 1841 add July 1.69% to 1.70, was followed by a drop to 1.921 for May and then by a rise to 1.95% for the same month. Corn and oats were governed chief- Iy by the action of wheat. After opening unchanged to %! off, May 1.33% to 1.33%, corn underwent a further sag and then made a decided advance. Oats started at 2 cents jawer to a shade up, May 613 to 61%. Later there were moderate general gains. Higher quotations on hogs gave a little firmness to provisions. WHEAT— Close. 1.95% 1.70 1.56% 132% Low. September DRY GOODS UNCHANGED. NEW YORK, January 24 (Special). Cotton goods and raw silk markets were more than usually dull at the week end today, with many factors concentrating their attention on the eclipse. Cotton print cloth quotations wera unchanged at 9% cents for 64 by 60,and 11 cents for 68 by 72. B GOLD FOR AUSTRALIA. NEW YORK, January 24.—The gold export movement switched to Aus- tralia yesterday with two shipments, aggregating $1,050,000, which Wall street bankers are inclined to believe will reach large proportion. The movement to the Antipodes, the first in years, was due solely to the ex- change situation between New York, Australia and London. WARNING 15 ISSUED ON INCOME TAXES Revenue Bureau Advises Public Not to Pay More Than Actually Qwed to U. S. BY CHAS. P. SCHAEFFER. The Internal Revenue Bureau is to- day broadcasting a warning to ths 3 tax-paying public, a contrite mes. sage: “Do not pay more incoma ta than vou owe." Thousands of dollars are p into offices of collectors of int revenue in excess of the shown to be due on the face returns. This is due, it is misunderstanding or lzck of kr edge of the provisions of last y amendment, which provide: duction of 25 per cent of the earned income. Inciuded income is “wages, salaries, sional fees and other amounts celved as compensation for service actually rendered.” The credit is de- termined by computing the tax the earned income in excess of t personal exemption and credit dependents and taking 25 per oft such tax ‘acts to Be Noted. It is alto suggested that taxpavers note the following facts All net income for the vear 1824 up to 35,000 is considered to be “ea ed net income” for the purpose this 25 per cent credit. or examp! a taxpaver wh net income f salary was $2,000, and who made profit of $3,000 in a real estate trar action, his total net fncome amount- . ing te the whole as earned net income computing this credit. In no the earned net income consider: be in excess of $10,000. For examp a taxpayer whose net income for 1924 from salary was $15,000, can consider only $10,000 as earned net in applying the 25 per cent cre Rules in Business Cases. In the case of a taxpayer who is operating a business in which I personal service and capltal are terfal income producing factors, the taxpayer {s entitled to & reasonable allowance as compensation for per- sonal services actually rendered by the taxpayer, not to exceed 20 per cent of his share of the net profits of such trade or business, which amount shall be considered as earned net i come. If 20 per cent of such amounts to $10,000 or less he 1 consider the entire amount as ear net income. But in no case may consider any amount in ex $10,000 as earned net Income. Taxpayers seeking information or the subject of earned net income ma obtain it at offices of collectors of i ternal revenue or branch offices FURTHER GASOLINE - ADVANCES REPORTED = ) Higher Prices Applied to New York and New England by Stand- ard 0il Company. cent By the Associated Press and crude oil price adva general today in practically tricts east of the Missi PP The advance in gasol 1 to 3 cents a gallon, while erw was marked up from 15 to 35 cents a barrel. Although the American Institute published figures showing an increase of 18,6 in the daily average pro ction of crude ofl for the week ended January 17, the subsequent sharp drop | output of the new Wortham field, Texas, and the steady drain on cr and gasoline stocks undoubtedly y moted the general advance in pri for the raw and refined products. The Standard Oil Company of In- diana's advance of 1 cent a gall effective yesterday, brought the tank wagon price in Chicago to 15 cents. The Standard Oil Company of New Jersey has advanced gasolin 1% cents a gallon in New Jer cents a gallon in the rest of its ter- ritory. The Standard Oil Compa: of New York raised the price of gaso- line in New England and New York today, the wholesale price being vanced 1% cents to 18% cents a the retail price 2 cents a gallon, 22 cents. Petroleum rels GRAIN AND PROVISIONS. BALTIMORE, Md., January 24 (Sp cial).—White potatoes, per 100 pounds, 1 al.50; sweet potatoes. barrel, 2.50a6.00. Yams, barrel, 3.00 24.00. Beans, hamper, 1.25a2.50. Bee orate, 1.50. 00. Broccoli and kale bushel, 50a60. Brussels sprouts quart, 5 9. Cabbage, ton, 23.00a 28.00, Savoy, bushel, §0a80. 100, 5.00a7.00. Cauliflower, a3.00. Celery, crate, 2.5024.50. plants, crate, 4.00a6.00. Lettuce, bas ket, 1.00a2.00. Onions, 100 pounds. 3.00a3. Oyster plants, 100, 7.00a9.00. Parsnips, basket, 50a60. Peas, ham per, 4.00a5.00. Peppers, crate, 4.00a 6.00. Spinach, bushel, 1.50a2.00 Squash, crate, 3.5024.50. Tomato crate, 2.00a6.50. Turnips, basket, a7s. Apples—Packed, barrel, 3.00a7.00 bushel, 1.00a2.25. Cranberries, ho: 5.00a6.00. Grapefruit, box, 1.76aZ Oranges, box, 3.0024.00. Strawberries quart, 35a45. Selling Prices at Noon. ‘Wheat—No. red Winter, port, 2.00 0. 2 red Winter, spot domestic, No. 2 red Winter, gar- licky, domestic, 2 0. 3 red Winter garlicky, no quotations. Sales—None. Corn—Cob, new, yellow, spot, 6 6.75 per barrel; track corn, yellow No. 2, 1.44. Sales—None. Oats—No. 2, 69%a70 per bushel; No 3, 6812269, Rye—Nearby, spot, 1.72%. Hay—Receipts, 32 tons. The loca hay market Is firm on the bette grades of timothy and cholce light clover mixed hay, of which the offer ings are limited, while demand good. Low grade and inferior hay i« dull and of irregular value. Quotations today—No. 2 timoth 20.50a21.50; No. 8 timothy, 17.00219.00 No. 1 light clover, mixed, 19.50a20.00 No. 2 clover, mixed, 17.00a18.00. Straw—No. 1 wheat, 16.00217.00 5+ ton; No. 1 oat, 16.00a17.00. spot, ex 1.30a1.50; No. 2 re e DAIRY PRODUCTS. BALTIMORE, January 24 (Spec —Live poultry—Young chickens, 25a30; leghorns, 20a26; Winte chickens, 32; old hens, 20a30; leghorns. 22a24; old roosters, 17a18; capons, 30 38; young turkeys, 40a45; old, 35; poor and crooked breasts, 2; ducks, 20a30 geese, 22a26; plgeons, palr, 35all. guinea fowl, each 40ass. Dressed poultry—Turkeys, 1b., iz 45; poor and crooked breast chickens, 25a30; old roosters, 17al$ capons, $0a42; ducks, 25a30; geese, %i a25. Eggs—Receip and nearby first quotations, 53%. Butter—Creamery, good to fan 1b., 36a40; prints, 40a42; ladles, 27a2 store packed, 21; process butter, 38 34; rolls, 21a24; dairy prints, $1a84. 702 cases; native doz., no offerings; / $5,000—is entitled to consider '