Evening Star Newspaper, January 27, 1925, Page 22

FINAN CIAT THE STOCKS SELL OFF IN FINAL TRAI]ING Selling in Woolworth Causes Cancelling of Early Gains in Many Issues. BY STUART P, Rpecial Dispateh to The NEW , Y price WEST. nuary change th individuai alive inte uncertain way in rmed appe quarterly of the \fter known right Stocks Go Lower. quiec stocks firm u highly f B0 bout split up quite a reacted Steel hanging than a Betllele Monday thought nt Stro i Oilx. The ostly the oils. up over ner Sinel 1d at whicl which a and Assoc New Jorsey fornia_either ps. On t orts were powerful ¢ high figure Standard Oil of andard Oil of Cal or made hand, no made by the pool in Marland supposedly put t rary and Refin tinued outside hoping tha cents, the Anacond: 14, and below 54, point, New port stocks would better was freely suppl Ke \tt was he whe was down nearly York ran into as it re a r But the littl » continue nior rails. Weak rise 1.‘ the ju No. the spots cropped out specialty group. American Bosch Magneto below 40 was down nearl 15 points from its recent high r- sistent pressure was directed against Woolworth th was active selling of United Industrial Aleohol. American en failed to show any si The mo- tors were gen of increased earnings dividends nued an infl- the mar ) al Mo- and forward or- g to Wall Stree at General Motors will more cars than were sold ¥ On this basis a balance of more than $10 a share for the com- mon stock is anticipated for 1 1924 the corporation had boc ings of more than $7 a share interesting point in the ons in the foreign s was the further recover lira, which gave an effectiv to the charges of an organ- mpaign of depression under with the object of undermining Musgolini government in the day's ex- way the MARKET CLOSES STEADY. Extensive Short Covering Is Tonic | Com Solv B. to Closing Prices. By the Associated Pross v YORK f the nuary une Taking nd action Corporation in in tod: bear about early suceeeded further reaction trading. Persistent buying of lifted five of st prices in and eventually in the Ximated 1,400,000 brought the list shares The « short sharply Motors jump. and Western advance Woolen 2% and Pacific appr Extensive up prices ur. Nash | Norfolk | American in the Markets at a Glance NEW oils price changes— higher spot Coffec kets. eign ex rderately improved CHICAGO strong favo wei fair shippir heavy eipt Whe bles Athe demand nerally high- teady; v Cattle—Higher; Hogs—Slow STAT PLANTS IN WEST. N FRANCISCO si ave been purch: plans completed for the construction of a textile r ing center here to cost $3 which will have an annual pay roll of $1,500,000 to turn Califor cotton nd wool into finished products. Four arge New England milis said to identified with the project January factur- 000,000 and GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. Asked Bign & ds pre Hamburg Amer Line 41gx North German Lloy North German L Prussian Consols 3% Krupp 58 1921 H Tusseldorf 15 pro-war Frankford a-M Munich 4s pre Badische Anilin A E G (Gor Ge Commerz and Privat Disconto Gellschuft Dresdoer Bank TDeutache Nank Durmstaedter Dank .. Morcur Baok Vienna.., bringing | rours | Butte & Superior 209 { Chic Gr West pf. EVENING _STAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley. ... Alr Reduct (15). ,\s.n Rubber All Am Cable (7 | Antied Chem (4). ‘ Allis Chalm (4). Am Agricul Chmn ‘ Am Ag Chm pt.. ‘ Am Beet Sug (4) | | | Am Bosch. .. Am Brk Shoe (5) Am Can (18) Am Can pt press (6) 25% (7 or Pow & Fr P pl(7) Am Hide & Lea. | Am lce (7) Am Ice pf (5. Am Internatl Am La Franc Am Linseed | Am Linseed pf. | Am Locomo (6) Am Metal ( Am Pig Am Radia.or Am Safety Raz [ [} | Am Ship & Com. S & Ref (6) Am'S & R pt (1) | Am Stl Fays (3) | Am pretty | Am Stl Fy pt (1) Am Tobac Am Typ Am Wtr W (112) W W pf (6) Am Woolen. . Am Wool pfd (7) Am Zin 2 An: Zine pf Anaconda (T | Archer-Dar -Dan pi n Cons & C 1550 Dry G (5). 0 OIl (1%) S Fe (7)... t L (18) A1f & W I pf | Atlantic Refiinin among | oil on | an Ref pf (7) Auto 1dwin L (7).. | Bal & Ohio (5). Buang & Ar (3). Barnsdall A Rarnsdall B Beech-Nut (3). Bethlehem | Beth Stl pf (7) yoth Fisheries. Edison (8).. Bric-Man Tran. . Bklyn Man pf (6 | Brklyn Un G (4) Brown Sh pf «7) | Brun Buff & Burns Bro (10). Burns Br pf (7) Bur Add Ma (3). | Butte Cop (50¢). sup- | | | Butterick Co Caddo Central. Cal Packing (6). Pete (1%). Cluet Pea pf (1) Callahan Zine. . Calumet & H (1) Open 14% 884 1% 100 37% 11t 1100 474 109' 149 3% 107% 1 113% [ 126% T4% 81 100 o 101 274 10: an Pacific (10). 14! Cent Leather. . Cent Leather pf. Century Rib (2) Cero d Pasco (4) | Certain-Teed. Chand Mot (3). . Ches & Ohlo 74) “hes & O pf (6% Chicago & Alton Chic & Alton pf. Chic Gr West. Chi Mil & St P. . Chi Mil & S P pt. Nwn (4) CRI&PpL (7). ChiStPM&O hStPM&ODPL(5) uett Peab (5). *ola (7) Cola pf (7 1o Fue Colo Southern Colo Sou 2d (4).. Col G & E (2.60) | Co1 G & E pt | Col Carbon (4).. { Com Inv (2.50).. Com Solv A (4). Congol-Nalirn (3 | Conley Tin Foll. | Consol Cigar.... regard- | | Gen Motpt (7) Con Cigar pf (7) Con Distributrs. Cohsol Gas (5).. Consol Textile. . Cont Can (4). “ont Insur (6 ? | Cont Mot (80c) Corn Prod (2).. Cosden Co. . Crex Carpet..... Crucible St (4). Crucible pf (7). Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuban Dom pf.. Cuyamel Fr (4). Daniel Boone. ... Davison Chem. . Del L & W (6).. D & RG Wst pt. | Detroit Ed (8).. Dome Mines (2). Doug Pectin (1) DulS S & Atlan. Du Pont (8).... Duquesne pf (7) Eastman (18). Eaton Axle. Elec St Bat (15). End-John (3) Erle. ... Erle st of. Erie 2d pf Exchang® Falrbks {2.60). Famous Fl1 (8). Famous pf (8). | Federal Mines. . 108 815 1512 10 27% 14% 24 1% . 116 887% 4 54 102 35% 24% 69% 41 15% 30% 8 5% 6% 4ty 67 118 a 39 454% 138 46 114% 15% 15 3% 141% 1057 113% 12% 65% 6874 807 42 40 18% 344 94y 106 201 Fed Mines pf (1) 61 a Phoenix (6) 159 Fisher Body (n). Kk Rubber. .. Fieischman (14) Foundation (6). Freeport-Texas. Gardner Motor... Gen Am Tnk (3) Gen Asphalt. Gen Asph pf (5) Gen Baking (6). Gen Cigar (8)... Gen Electric (8) Gen Elspl (60¢). Gen Motors (5) , Gen Mot pt (6) Gen Mot db (6) Gen Petrol (2). Gen Refrac (2).. Gimbel Bros. Gimbel Br pf (7) Glidden Co..... Gold Dust Goodrich. 3 Goodrich Dt (7). Goodyear pf.... Gdyear prior (8) Granby Consol. . Gray & Davis. Grt North pf (5) Grt Nor Ore (4). Grt Wstn Su (8) Greene Canan. .. Gu Mo & N pf 6% Gult St Steel (5) 83% 101 10 6% 54 574 80 1% 73% 94 94 J 107 43% b5 52 103% 13% 40% 40% 95 88 106 18% 5 69% 3934 92% 17% 94 85% High. 14% 8814 1% 122 18% 5 69% 39% 925% 17% 94 86% Low. 14% 8% 11% 122 2% 18% 5 68% 387 91% 17% 94 Bo% 14% | Hanna 1st (7) | Hartman Co (4). Hayes Wheel (3) Hayes W pf (T3 Helme Ger H. .. | Hoe & Co A (4). 4| Homestake (i7) | Househ I (13%) & | Houston OI1.... Hudson Man. ! Hud Man pt (5). Hudson Mot (3). Hupp Mot (1)... Independ 011 (1) | Indian Refining. Inland Sti (214). Int Bus Mac (8). Int Cement (4). Int Com Eng (2) Internat Har (5) Inter Har f (7) Int Me Int Mer Ma Internat Nickel. Internat-F Int Ry Cent Am. Int Ry CA pf (5) Inter ). . Int Tel & Tel (6) Intertvpe (i1%) Iron Prod (n). Jones Bros Tea. Jordon Mot (2). Kan sulf. n C So pf (4). yser (Julius) Kelly-Sprgfield Kelsey WhI (6). Sels Whpf (7). necott (3) stone T & R. Kinney GR..... Kresge Dep Str. Laclede Gas (8). Lehigh Val (3%} Lizz & Myrs (3). Lig & Myrs B (3) Lig & Myrs rgts Lig & My pf (7). sima (@ ews Inc (2) Loose-Wiles Bis Lorrillard (3)... Loulsiana Oll. Louis & Nash (6 Ludlum (2)..... MclIntyre (1). lack Trucks (6) ck T 1st (7).. Macy H R & Co. Magma Copper-.. Mallinson & Co.. Manati (5). \lun El Sup (4). n El md g (5) Manh.ll Shirt (3) acaibo Oll. | Market St Fr(oh Marjand Ofl. Martin-Parry 4. Mathieson Alka. Mathieson rts... Maxwell Mot A. Maxwell Mot | May Dept St ( | Metro G pf (1.89) Mexican Seabd Miami Cop (2).. Middle State. . MidlInd Pr pt (8) Minn & St Louis Mis Kan & Tex. MK & Tpf (5).. Missouri Pacific Missouri Pac pf. Mont Power (4) Montgom Ward. Moon Mot (3) Mother Loae Mullins Body. . Munsingwr (3 sh Mot (t11). Nash pf (7). Nat Acme. Nat Blscuit (14) Nat Cloak & Sut Nat C1& S pt (7) Nat Dairy (3).. Nat Dept Stores | Nat Dp St 1st (7 Nat Distillers pf Nat Enamel &S Nat Lead (8) . t Lead pt (7). t Ry Mex lst. Nat Ry Mex 2d.. t Supply (3).. vada Copper. N Y Air Br (4).. ¥ Y Canners (2) \ Y Central (7). &StL pf (8) N Y Dock. - Y NH & Hart. . VY O & Wst (1) agar Fpf1%. Norfolk South Norf & W (18).. North Am (3.40) North Am pf (3) vorth Pac (5) Nunnally (1). Orpheum (1.80). Orpheum pf (8). Otis Elev (i5%) Otis Steel. Otis Steel pf. Owens Bot (V.. Pacific Gas (8).. Pacific O11 (2). . rd (+1.50) ckard pf (7).. Pan-Amer (4).. Pan-Amer B (4) Panhandle Park & Tilford.. Penn C&C (4).. Pennsy R R (3). Penn Seab Steel. oples Gas \fi) Peoria & Phila Co (4 Phila Co pf (3). Phila & RC & 1. Phillip Morris Phillips Pet (2). Phoenix pf (7) Pierce-Arrow.. Plerce-Arrow pf Pierce Oil. Pierce Oil pi Pierce Petrol. Pitts Coal. .. Pitt Tr Coal pr.. Pitts Stl pt (7) pitts Ut pf (1.20° Pitts & West Va Postum-Cer (4) Press Steel Car. Press Steel C pf. Prod & Refiners Pro & R pf (3%) Pub Ser NJ (5). Public Serv rts. ub S NJ pf (8). Pullman Co (8). Punta Al Su (3). Pure Oil (1%). Radio Corp of A Radio-C pf (3%) Ry Stl Spg (8).. Ry St8p pf (7). Ray Cons Cop... Reading (4) Reading rts. . Reading 1st (2). Read 2d pf (2).. Remington Type Replogle Steel Rep Ir & Steel Rep I & Spt (7). Reynolds Sp (1) Rey Tob B (3).. Rey Tob pf (7).. Roy Dutn 4.42% 94 | St Josepn Ld (2) 94 | StL & San F (5) 107% | St L Southwest. 44 St L Swn pf (5). 54% | Savage Arms. 525! Schulte (8)..... 108% | Seaboard Air L 134 | Seabd Alr Lipf.. 40% | Sears-Roebk (8) 42 | Seneca Copper... 96 | Shattuck-Ariz. . 88 | Shell Trad (2.06) 106_| Shell Union (1). 18% | Simmons (1).... 5 | Simms Pet (50¢) 69 | Sinclair Ofl..... 39% | Sinclair pf (8! 92 | Skelly Oil...... 171 | Sloss-Sheft (6). 94 | South Port S (6) 85% | South Pac (6).. 74 Open. 87 82% 37% 102 a7 4l 34 51 44 47w 25% 28% 50% 44 83% 52 1% 754 31 . 1053 18% 16% 234 1% 102 103% 597 15% 105 66% 667 5 33 20 8% 2% 115% 18% 54% 46% 49 145 42% 85 13 o 2%, 33% 6% 3 8’ . 101 14% 69% 96% 64'% 88% 29% 46 70% 26% 110 143 43 20% 65% 50% 133 119% 14% 76% 22% 38% 41% 475 20% 59 93 16% 74 120% 53 43% 59% 43 T0% 85% 14 21% 39% 160% 161% % % LT 4% 42% 26 264 33% 33% 23 23 20% 21 89% 90 27% 28% 8 854 65 65 1043 10a% 120% 53% 43% 61 48% 0% 854 114 2244 40% A Honly | raitroaa b | the | securities will | Spicer pf (8).... WASHINGT OIL BONDS AGAIN FEATURE MARKET Trend of Rail Liens Down- ward in Trading Today. New Issues Quickly Taken. BY GEORC Special Disp: W YORK, J teresting feature today the for new Issues B T, e Star. HUGHES, h to 1 nuary 27.—The in- of the bond market unappeased appetite It showed itself not in the high yielding foreign such as the new ( dustrial financing, but in the type of the American Bee 6 per cent debentu offered this morning at to about 6.55 cent Not only were the bonds oversub- scribed, but a premium of a point was bid in the outside market. Deal ers agreed that the demand for rea- sonably £00d and fair yielding bonds had surpassed their expectations. High-grade Issues Firm, Quotations for the high-grade in- vestment issu luding United es Government and savings bank wed no effect of quoted for call firm, although small seale. It! of experienced was group, yield high, money. Pric dealings were is still the belief bankers that nothing more than a slight hardening in money is in the immediate prospect | One other evidence of the strength | of the inve ttion is in the | support ae reh bonds at | present levels the debt con-| troversy not to be expected that pric dvance held on a While ol B In speculative rails today there was | w good deal of irregularity. Among the rails S d Air Li s were down frac Iy, which, however, s not surprising in v of th snt rapid- advance. The sam of the Brooklyn-Manhattan transit mong the tractions, which fell back below 87, This reaction profit-taking. Convertible Oil bonds displayed great strength, one of the leaders being Skelly Oll 6is at one time up a point and a half. clair Oil, 7s also did better., per bonds, on the other hand, mostly a little lower Day's New Offering. Among the day's new offerings were $10,000,000 divided half and half between three year 7 per cent and . bonds the obli Stemens groups of (¢ Manufacturing Co. lds for the three year bond | per cent, and for the 10 year of 7.64 per largest of the 5,000,000 Telephone maturing in NEW BOND ISSUES | EXCEED $58.000,000, By the Associated Py NEW YOR {offerings led by $25 % Very Strong. as due irely to of 95, 19 | - | January 27.—New bond | today exceeded $ 000 Bell Telep of Canada first mortgax gold bonds, serfes A. of which $15 000,000 will be placed in Canada an the balance in the United States bonds are priced at 98, to yield than per cent issue was $19.555,000 Detroit and 41 r cent bonds, at prices 50 to 4.20 per cent oun at $3.-| t Sugar Co. 10| per ! tures and : | Lambert, stock cent convertible de I.:n 50,000 shares of Platt Inc., no par value, 4u|n\‘(|l und $38 a share. Southern Ry (5) South Ry pf (5). Spicer MIg. . Std Gas & E1 (3) St Oil Calif (2).. StONNJ (1)... StOI N J pf (T). Std Plate Glass. Sterling Prd 6% Stew Warner (5 Stromberg (6). . Studebaker (4). Submarine Boat Superior Ol Sweets (new). Symington. Symington (A). Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & Pacific. .. Tex & Pac C & O Tide Wat Ol (4) Timken (13%).. Tobac Prod (6). 74 Tobac Prod A (7 97% Transcont Oil... 5 Transu & W (3) 31% Twin City (4)... 60% Underwood (3). 39% Union Oil (1.80). 39 Un Pacific (10). 149% Un Tak Car pf (7 116 Utd Cigar (13%) 63% United Drug (6) 115 Utd Drug 1st 3% 52% Utd Ry Invest.. 19 Utd Ry Inves pf. 55 U S Cast Iron P. 176% USCIPPS(7)..109 U S Distributing 86% U S Ind Alcohol. B80% U S Ind Al pf (7) 106 U S Realty (8).. 121% U S Rubber. . 41% U u 22 13% 8% 45 105 44% 16%, 137% 39 180 109 36% 81 106 122% 41% 94% 35% 46 127% 125% 89 6% 8935 50 28% 6% 34 12% 1% 8% 21% 5% 18 18 118% 105 114% 15% 23% 35 90% 1205 106% 5 151 29 S Rub 1st (8). 94% S Smelting... 35% USSmbpt (3%). 46 U S Steel (17)... 126% U S Steel pt (7). 125% Universal Pipe.. 87% Univer P pf (7). 76% Utah Copper (4) 89% Utah Securities. 49% Vanadium. 28% Van Ralte Ist (1 4% Va-Caro Chem.. 3 Va-Caro Chpf.. 124 Va-Caro Chem B 1% Vivadou . 8% Wabash. .. 20% Wabusn pt A .. 56% wWaldorf (1%).. 17% Webber & H (1) 17% west Pen (4)... 111% W Pa Pow pf (7) 105 West Elc pf (7). 114% West Maryland. 15% West Md 2d pf.. 23% Western Pacific. 34% West Pac Df (6). 90% West Union (7). 120 West Alr Br (6). 106% Westinghse (4). T4% Wheel & L Erie. 14% Wheel & L Epf. 29 White Eagle (7) 29% 20% White Mot (4).. 3% 3% 2% 734 Wickwire Spen. [ % £y 4 Wickwire Sprts. % 1 gt Wickwire pLrts. 8% 8% 84 8% Wilson & Copf. 21% 214 21k 21% Willys-Overlan¢ 9% 9% 914 9y Wills-Over pf... 73% 74% 78 73% Woolworth 13i. 116% 117 118 115% Worthington... 64% 66% 64 661 Worthington A 86% 86% 86% 861 Wright Aero (1) 17 17 17 17 Wrigley (3) - 48% 43% 48w 48y YoungstnS&T. 78 18 718 13 tPartly e $Payabi i precerred stock. Dividend given ln 1] table are the cash payments based on the @ividends are vot included. 12% 1% 8% 20% 56% 1% 17% 111% 104 114% 14% 23 34% 90 119% 106 4% 14% 29 57% 18 17% 113% 105 114% 145 23 35 90 120% 106%; T4% 15% 29 29% 29% Over- | 4 [ Du Pont de N 73, D. C, TUESDAY, JANUARY 27, 1925 l N NEW YORK BONDS STOCK EXCHANGEI Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are in SL. Sales. High. Lib3%s.... 69 10117 Lib2d4s... 110026 LibIst 4%s 65 10128 Lib 2d 43s. 807 101 Lib 3d 4 4. 101 16 Lib4 4%s. . 101 30 TS 45 18 100 24 5 4% 52 104 50 FOREIGN. Opun. High Argentine 65 A..... 42 Argentine Gs B..... 1 Argentine 7s 11 Austria 7s. 36 Bank of Japan 6s. 50 Belgium s wi.... 38 Belglum 6% wi.. 15 Belgium 71 ! Belgium 8s. .18 Berne §s..... 6 Bollvia 8s Blie Bordeaux 11 Low. 101 14 100 25 101 25 100 26 101 14 101 100 01 104 25 Low. 9 95 “ 1024 A ang Docu-kofenanaloaS~3 Brazil u. Canada Gs Canada 5% 1931. Canada bs 1952. Canada 5%s 1929 Chile 7s 1942 Chile 85 1926 Chile 85 1941 Chile 85 1046 . Chinese Gov Ry 58 Con Pow Japan Copenhagen 514s. Cuba 5%s Czecho 8 951. Czecho Ss 1953 ct. . Danish Munio s A Denmark 6s. 192 0 e —aw Dutch East I 6s 62 El Sa s Finland s f 6s 1945 | Framerican 73 French 7s w { French Govt 7 | French Govet a. . Germany s w i Gen Elec 7 T8 W1 Hatti8e.......... Holland-Amer 6s. Hungary 63%s. ... Japanese 61s.... Jergens U M 6s 47 Lyons 6s Marseille 6s Mexico 55 assented : Netherlands 6s'54 Netherlands 68 Norway 6s 1952 Norway 8s Paris-Ly" Paris-Ly Queensland 6s. Queensland Rio de Jan 8s 1946. Rio de Jan Ss 1947. Rio Gr Do Sul §s.. Sao Paulo City 8s. a0 Paulo Stata 83 Seine Dept of 7s... Serbs Cr'tes Slo 8s oissons fs Sweden 534s ct. Sweden fs. . Swiss 5% s 1946. .. Swiss Confed Ss. Tokio be. g Ud Kingm *29. 61 Ud Kingm 5%s°37. 84 Ud Steam Copen 65 8 543 Uruguay 8s 3 1073 MISCELLANEOUS. Ajax Rubber8s... 9 Am AgrChem5s.. 2 Am Agr Chem T%s 20 Am Chain s f 63 Am Repub deb 6s. Am Smlt & R 1st 58 2 Smit & R 63 6714 7% 106% as1y 100 100 100% 100 |AmT & Teltr 4s Am T& T cl tr 58 Am. T. & T. 8 Am T & T deb 5%s AmT& Tev fs. Am Writ Paper 63 Anaconda 1st 6s | Anaconda cv db 78 Andes 7a od. Armour of Del 5% Associated Ol 6s Atlantic Refin 55. Barnsdall s 8s Bell Tel Pa 5s. .. Beth Steel pm 5s. . Beth Steel rf 5s | Beth Steel 5%s '53 Beth Steel s f 68. Brier H St 1st 5%s Bklyn Ed gen 58 Bklyn Union G Bush T Bldg 68’60 Callf I'ete 6128, Chile Copper 6s Col Gas & E15s. .. Col Gs & El s sta. | Commonwth P 6s. Con Coal Md 1st 53 | Consumers Pow 58 Cuba Cane cv 7t '3¢ Cuba Cane cv d 8s. Cuban-Am Sug 8s. Denver Gas 5s. Det Edison 53 '40 e S Dugquesne me [ Est Cuba Sug @ R Feder Metls Fisk Rubbes 8s Goodrich 6%s. .. Goodyear 8s 1931 Goodyear 8s 1941 Hershey 6s 1942 Humble O&R 5% Illinois Bell 1st 5t Illinois Steel 4%s. Indiana Steel 63 Int Mer Marine 6s. Inter Paper 5s'47. KCP & Lt 6s A '52. Kan G & El 6552 Keyser (J) 7s. Kelly-Spring Lackawa S 5550 Liggett & Myrs bs. Liggett & Myrs 7, Lorillard (P) 5s. Magma Cop cv 7 Marland Ol T%s. Marland Oil 8s '51. Midvale Steel bs. . Montana Pow 5s. . Mor's&Co st 4148, New Eng Tel 58 N Y Eden 1st 6%s NYG EL H&P 5s. N Y Tel 4%s NY Tel 68'41..... NY Tel 68'49..... North Am Ed 6s. North Am d 6%s. Nor Ohio T&L 6 Northwst B Tel 7 Otis Steel T%s. Otis Steel 8s. . Paclfic Gas & E16s PacT & T 1st58. .. Pacific T & T 3’62 9 Pan-American 6s. 152 People’s Gas 58 Phila Co 5%5'38. Phila Co ret 68 A Phil & Rdg C&I & Pierce-Arrow 8 Pierce Oil deb 8s. . Producers & Rf 8s. Public Service 8 8. Pub Serv Elec 63 Punta Alegre 7 Saks & Cos Sharon Stl H 8s Sinclair Oil 6 Sinclalr Oil 6%s. . Sinclair Oil 7s Sin Crude Oil Sinc Crude 65 wi.. 29 Sin Pipe Line 5s... 12 South Bell Tel 5s.. 1 Southwest Bell 58.127 Steel & Tube 7s... 7 Sug Est Orfent7s. 2 Tenn Elec Pow 6s. 12 Tide Wat Oil 6%s. 10 Toledo Edn 1st 2 Union Bag & P 6s. 2 United Drug 6s. 6 USRub 1stribs.. 22 oS © © BoramuSotircsunbn=Ctlarntamue w8rohiGanwlan D 110 .10 Close. 101 15 100 25 101 27 100 31 101 15 101 29 100 23 104 30 Close, 95 a5 102% 9674 99% 87% 93% 109% 107 110% 93% 100% 100 109% 101% 110% 961 a6 100% 100% 103 100 | De1 & 1d 1st re 4s. { Penn Sales. High. 106% 105% 92% 82% U S Rubber 7% U S Steel s £ 5: Utah Pow & Lt 5 Va-Car Chem T Va-Car Ch 7% Warner Sug 7. Warner Sug 7s '41. West Elec b West'n Union 6%s Westinghouse 7s Wickwire Spen 7 Willys-Ov 61833, Wilson & Co 1st 68 Wilson & Co cv 6 Wilson&C cv 74 Youngstn S&T 6s. 11 RAILROADS, Ann Arbor 4s. 14 6 Atcnison adj 4s Atchison Gen 4s. Atlantic C Lcl 4s.. Atlantic C L 1st 48 Atlan C L $145'64. Atlantic C. L. B & O gold 4s B&Ocviy B & O ref 5s. Balto & O 1at 55 ct B&O6s. B&Orf imp 8s. B & O PLEWYV 4s.. B & OSW div 31 B & O Toledo 4s Bklyn-Manhat 6s. Buff R & Pitt 4%s. Canada South b= Canad North 6%s Canada North 7 nada Pac deb 43 2 Car Clinch & O 53 Car Clinch & O Cent of Ga bis Cent of Ga 6s. Central Pacific 4s. Ches & O cv 4348 Ches O gn 4%s. Ches & Ohio cv Chi & Alton 38 Chi & Alton 3 Chi B&Q gn 45 '35. ke L Chi B&Q 15t 68 12 M&SE P ov 436y Chi M&St P rf 434s ChIM& St P ov b t P 6s. Chi RT& P gn 43 ChiRI& Prfds. ChTH&SE5s.. Chi Un Stadlss. .. ChiUn Sta 6%s. .. & W Inc o) & St L 6s &StLrfenA. Cleve Term 5s w i. | Colo & Sou 43%s. Cuba RRBs.... Cuba RR 41 Del-Hud cv 5s°35. 20 Del & Hudson 5333 4 Den & Rio Gen 4s. 1 D & Rio G imp 5s.. 27 D&RGlstriss.. 1 D & Rio G Wst 5s. 121 Des M&FtD4s... 10 t United 4128, 1 ie 1st cons 4s... 10 1 gen 4s. 1 ieconv4sA.. 2 te conv 4s B. 12 rie conv 4s D 4 rie Genessee R 6s ie & Jersey 6s.. ie (Pa)clt tr 4s. Gr Trunk sf db 6s. Grand Trunk 7s. Great North 5 Gr North 5%s Gr North gen 7s. Green B& W db B. Havana ERL&P 58 THud & Man ref 5s. Hud & Man aj 5s. . 111 Central ref 4s 111 Cent ref § 111 Central 5% 11 C-C St L& Int Rap Tran 5s... Int Rap Tr 58 stpd Int Rap Tran 6s.. Int & G Nor 1st 6s. Int & G Nor aj 6s.. in Cr T i Lake Shore 4s '28. Lake Shore 48 '21. Louls & N uni 43 Louls & N5s B Manhat Ry cn 4s arket St Ry 7 il Ry & L 58 A L. istref 4s. M StP & SSM cn 48 M StP & SSM M StP & SSM 6 MK & T Ist4s. MK&T4sB MK & Tadj 5 g MK&TprinssA MK&T6sC. - Mo Facific gen 4s.. Mo Pac os 1926. Mo Pacific 5365, Mo Pacific 6 - Montrl Tm 1st 5s.. Nassau E Ry 4s '57 N O Tex & M 58 B.. NO Tex & M 5%s. N Y Cen gen 3%s.. N Y Cent cn 48 '98. N Y Cent deb 4s. N Y Centri5s.... N Y Cent deb 6s... 238 NYCenLScl3%s. 3 NY Chi & St L53%s 15 NYC&StL6sA.. 41 New Havcd6s.... 8 New Haven 7s. 83 New Haven 78 fr..168 N Y,Ont, Ws 1st 48 42 ew York Ry fr4s & Y Ry rf 4s ctfs... N Y State Ry 414s. New York Ryajss 5 NY Rys adj s ct.. NY W & Bos 4% Norfolk & W cn 4s Norfolk & W cv 68 Northern Pac 4 Northern Pacr 19 56 29 10 5 Ore She 10 Ore-Wash st reds 2 Pennsyl con 4%s.. 2 Pennsyl gen 4%s. 25 Pennsyl gen bs L 64.. Pennsyl 6% Pennsyl gold Peoria & E inc 4s. . Pere Mara ist 5 Por RL & P 68°47. Reading gn 4%s Rio G West 1st 4 Rio G West cl 4s. RIATk & L4%s St L IM&S 4s '29 St LIM&S R&G 4s. StL&SFpldsA.. StL &S Fprln §s. StL&SF5%sD.. StL& S Fadj6s. StL&SFinc6s... StL&SFplesC.. StLSW Ist4s.... St LS W con 4s'32 St P & KCShL 4%s St P Un Dep 5% San A & Arn P 4s.. Seab’d A Lids sta.. Seab’d A Liref 4s.. Seab'd A L adj 6s.. Seab’d A L con 6 Sou Pacific 43 '29. . Sou Pagific ctl 4 Sou Pacific ref Southern Ry gn Southern Ry 1st 6s 12 Southern Ry 6s ct. 2§ Southern Ry 6%s. 13 Term Asso St L 4s. 3 Third Ave ref 4s... 10 Third Ave adj 5s.. 25 Union Pac 1st 4 80 Union Pac 1st rf 48 10 Union Pac 4s '27...168 Un Pc 1st r{ 5s. 8 Virginia Ry st bs.. 51 Low. 106 104% 92% 81% 48% 8314 941 98% 111 108 83% Close. 106% 104% 02% 82's 46 83% 94% 98% 1% 108 8444 100% | 108% 87% 96 923 103% 88 847y 884 102t | 6415 100% 8iig 100% 945, 62 Q0% 99% 5% 3% 941 4 100 % 115% 75 947, 1025 89% 99% 98% 68 50 50 667 5% 5% 59% £81g 130% 847 10655 101% 97 82 99% 9314 102% 9844 110 108% 85% 9718 95 93 84% 2% 85% 93% 84y 72 86% 947 861 781 4 102% 80% 864 B1% 100% 83 8% 6474 8% 90 96% 854 88% T5% 1014 104% 107% 834 56% 46% 92% 847 99t 1041 95% FINANCIAL NEW HIGH LEVELS INWHEAT MARKET Turndown Quickly Follows Early Rise—Corn and Oats Again Weak. By the Associuted Press CHICAGO, January 2 quickly ascended today bushel, May delivery ord, but heavy soon led to a well below Wheat to 198 a new high rec profit-taking - sales downturn, which W Seaterday's’ fpish. The rise was largely due to advices that Hungary, ust an exporting coun- had made big purchases of whea rgentina. Liberal buying in the United States fc e shipment to was o be in pre Openin nged from 1% de with May 1.971% 0% to 3 arp general which carried May down to 1 Large stocks of corn and her with slackness of akened the market for both After opening at % decline ¥ 1.30% to 1.31, corn decided drop all around % off to % gain Later all months naterial decline. Provisions eased down, ing with the a of corn WHEAT High May 1.99% July 7 September CORN rope sald gress pric to 198 sympathiz- 1 169 1 September ityvE Ma September COTTON QUOTATIONS ARE LOWER TODAY Disappointment Over Trade " ports Weakens Market Value. Disap- { pointment 4 | chiefly ldecline of 6 to 13 points in the co today. Not only ' w or reduced h spinnin from the goods nsatisfactory and t worsted- operations ir largest mi the coun- declined to per cent over t responsible reports was for an opening market brospe hours in the but reports : were trade market ntracts drog the first t the d supplied by spot houses hedge selling, so that vol October, (Unit Departmen Iture).- Hogs—Receipts | uneven; butchers, i1y {lower than Monday's t time in broad steady: bulk bette 10.70a10.95; top, veral loads strictly cing 300 pounds and_che 200 to of Agrict | fully butchers, averages, ) pound ki cking sows, 1 5000 head to 25 higher: we howing most advance paid for pound some i hig bu §.00a10.50; numerous over last week's low tim shipping demand fairly broad. Ic !killers competing, no choic |in load lots here: sm {around 13.50; compara fed steers go z under 7.50; such kind showing liber 1dva week etween & fat cows 25 highe | better grades weighty offe rat he 5.5007.50; several loads 1 | day §3029.00; fairly well conditiox about 800-pound ages, today. most canners 00; cutters ward to and above; bulls strong: welghty bolo above; vealers uneven; ship- pers taking few choice handweight upward to 13.00; packers, 10.00a11.00 and bet emand narrow for light, medium choice offerings. heep—Receipts, 9,000 head; slow; early sales fat lambs uneven, steady to 25 lower; most early sales to pack- ers 18.00; two decks of choice lambs to shippers early at 18.50; fat ewes dull: 25 or more lower: bulk, 9.75 10.50; feeding lambs fully st bulk desirable kind, 17.50a18.00. ——— SHORT-TERM SECUR!TIES (Quotations furnisbed Ly Redmond & Co.) —-Noon.— Bid. Offer 10215 107 steers, or more | . some slown in scarce; nglo-American_0il ociated Ol 6s 1935. . Bell Tel. of entral of & St. Paul 6s 1 & Pacific 51as | Du Pont 7%s 1931.. Federal Sugar K | Great_Northern Gulf 0fl Corp. of Py 4% 1082, g Gorp 6 1027 Oregon Short Line $s 1920, Penna. R 1030. Pure Ol 3145, August. Switt & Co. bs Tidewater Oil 6 e Y baer it Western Union 6izs 1 Westinghouse E. & M. Wheeling Steel ts 102 Fisher Body Corp. ment February 1, 1925, Fisher Body Corp. Gs ment February 1, 1925, at 1 TREASURY CERTIFICATES, (Quotations furnished by Redmond & Co.) G5 1031, callea for X or pay- called for pay- 2 s September s December %5 Maren 15, 4iis September 4%s March 15, 134 December 15, 1027... 93% 94 100% 100% 95 95 65 €515 91K 914 3 3% VaRy&Plstbs.. 7 94 Wabash 1st 6s.... 10 1 Wabash 2d bt o 31 Western Md 4s. ... 32 Western Pacificbs 9 Wheel & LE on 4s. 12 9514 65'% 91% 8% Re- was | bulk | regely | up- DROP OF §4,048 806 INB. & 0. 1924 NET Improvement Noted in Last Month of Year—Other Financial Notes. railws Ne 3 101 operat and Ohlo r $4,04 ws a decrease to a total drop of § -1 of o ing | | 5,640 in reven cut to noted i come b Dece mber, Fewer Surplus Freight Cars. With loadin heavi r of revenue freigh this season of the a marked a number surplus good repair and reported by th Association uary 14 h accordin crease of 24,69 ported { totaled hin on record, creas. MeQuade to I McQuad 11.00 pair | GRAIN AND PROVISIONS BALTIMORE M | quart, Selling Prices at Wheat Gater poe 2 Wi domestic red | garticky Winte les~None. s rn—Cob, new, per barrel; 1.44 Noon. spot, ex Spot, Winte o quotatior How track ¢ spot rn : per bushel; No. 3, 1.30a1.50; No. 2 rye, —Receipts, market is fir les of timothy clover mixed hay ons. The local on the better and choice 1 of which th while de or hay nd of irregular value No. 2 timothy, othy, 17.00219.00° light clover. mixed, 19.50a20.00 clover, mixed, 17.00a15.00 Aw—No. 1 wheat, 16.00a17.00 No. 1 oat, 16.00a17.00. per ton; FOREIX (Quotations furn 1ling checks today. ST old value. Lon pound L $4.8665 Montreal. doliar 00014 Stoekhoim. ' crown By the Associated Pr NEW YORK exchanges firm States dollars 479%; cables banks, 4.763%. 05401 ; cables, .0541; Italy, 041835 cables, .0419 mand, 0518 cables, many, deman mand, .4029 in United tain, demand, bills on demand demand, Belgium, de- 0519, Ge : Holland, de- demand, .1528; : Denmark, de- 1786; Switzerland, demand, Spain, demand, .1 reece! demand, .0170; Poland, and 9% Czechoslovakia, demand, .02971: Jugoslavia, demand, .0164; Austria, de mand, 0000141 ; demand. .0052%:; Argentina. 4023; Bra- emand, 117 demand, ; Montreal, demand, 997%. Great B 1.80