Evening Star Newspaper, January 29, 1925, Page 28

SHARP ADVANGES HEAVY REALIZNG Distribution in Parts of List, While Other Shares Shoot Upward. BY STUART P. WEST, Dispatch to The Star. W YORK, January 20.—In spite of the impression of strength created by the continued advance in the oil shares and in the rise in motors, the #tock market today was highly ir- regular. There were a number of rather violent advances among in- dustrial specialti but Jjust as many weak spots among recent favorites. One of the important contributing factors in this connection was the heaviness of Steel common, the less favorable news regarding the steel fndustry. Under cover of another up- ward movement in the oils profit-tak- Ing went on actively and distribution was made easier in certain directions. The taking up of the moters in the afternoon coincided with a check to the upturn in the oils, and it appeared that traders were shifting from the Jatter into the automobile and acces- pory group. Anothem Advance in Oil. An advance of nts a !HII‘TC‘ in Gulf Coast Crude fitted' in with Wall Street’s view that oll prices Rkre on the upgrade. The announce- sent stimulated speculation in the oll group, and nearly al ptocks made new highs. Yepresenting the company w be one of the chief beneficiaries, ran wup very sharply. Large stop orders ffor short account were in the mer. et for Pan-American B above 70, ®mnd the execution of these carried the stock up a point further. Texas Company, Standard Oil of New Jer- wev, Barnsdall A, California_ Pe- troleum, Phillips Petroleum, Inde- pendent Oil and Gas, Pure Ofl, Asso- ciated Oil and Louisiana Oil and Re- fining were all in demand. Pacific ©il, the leader on the previous days, ran into heavy profit-taking around 64, Mack Trucks Jump. It was Mack Trucks comm & rather sensational jump, which re- aroused interest in the motor section. Those usually well informed on Mack Truck: affairs were not in sympathy with such a violent rise, ying that there was no immediate rea n so far as dividend prospects were concerned But the way the stock went in a brief space from around 122 to above 130 {ndicated that there could not have been much, if any, distribution of Yhe big holdings of the stock into the hands of the public. White Motor, moving with Mack Trucks, cr ed 75 again. The buying spread to Stude- baker, which sudden moved forward over a point. It also took in the Max- well Motors shares, Jordan Motor and Stewart Warner. Stock Jumps 50 Points. The spectacular features among Bpecialties imcluded S. S. Kresge, which jumped 50 points on the news of the 50 per cent stock dividend de- clared. The astonishing rise in the Commercial Solvents shares continued. There were definite rumors that Corn Products Refining was after the Com- anercial solvents because the business of the two companies along certain lines would work in very well to- gether. ome Missour, New Hav subsided later. further buying occurred in Kansas and Texas and in n early in the day, but it Colorado and South- ern = a new high above 49. The experts have figured that this road Is earning on its stock nearly as much as Southern Pacific, that is, between 10 and 11 per cent. COAL PRICES SHOW SLGHT REDUETIONS Fuel Demand Less Firm Dur- ing Week, Market Sum- mary Reveals. Bpecial Dispatch to The Star. NEW YORK, January 29.—Coal Age Feports the market today as follows: The expected sag in the bituminous coal business, with the moderation in weather conditions and continuation of heavy production, has appeared, as was inevitable. Domestic coal prices are in dificulties in the Middle Wes and even steam buyers are apathetic, which has caused screenings to slump elightly. Though a slight car short- age is developing in the Kentucky flelds, production is close to record figures, but as demand Is not keeping pace, the market is lacking in the strength that was in evidence not long ago. Eastern Trade Is Firmer, prices have been ad- England, but as there nd it is question- Smokeless vanced in New 8 no greater den able as to whether the increases will hold, though it is worthy of note that some of the mills are increasing op- erations. Activity ymewhat more brisk in the New York and Philadel- phia markets, prices sticking at pra tically the old levels, however. Bus fess at Baltimore continues to be a disappointment, even the export trade being dormant Without showing any particularly high spots, the anthracite market has been holding its recent gains, with occasional spurts. Egg is beginning to show some signs of life, though chestnut continues to lead in demand, followed by stove. Steam sizes show the biggest increase in demand, the supply having been curtailed by the strike. Prices Slightly Lower. Coal Age index of spot prices of bituminc coal registered another slight recession during the last week, standing on January 26 at $1.73 the rresponding price for which is $2.09, compared with $1.74 and $2.11, respectively, on January 19. There was a reaction in activity at Hampton Roads during the last week, dumpings of coal for all accounts during the period ended January 22 totaling 40 net tonms, compared with 421,057 tons dumped during the preceding week. MILLS VOTE DIVIDEND. NEW YORK, January 29.—An fnitial quarterly dividend of $1 a share on the class A stock of the Botany Consolidated Mills was de- clared today, payable February 15, to stock of record February b. EUROPE BUYS OIL STOCKS. NEW YORK, January 29.—Broker- kgo houses with international con- nections report extensive European buying of oll stocks in the New York market, orders coming from London, ‘Amsterdam and Zurich. One large | Crucible pt (7).. FINANCIAL THE EVENING STAR, WASHINGTO NEW YORK STOCK EXCHANGE | | MEXICAN BONDS Received by Private Wire Direct to The Star Office Alr Reduct (16). Ajax Rubber.... Alaska Juneau. . Allied Chem (4). Allis Chalm (4). Am Agricul Chm Am Ag Chm pf.. Am Beet Sug (4) Am Bosch. Am Can (18) 8% 1% 1 83% 1% 16% 1% a1 37 Am Chatn A (2). Am Drug Snyd.. 6% Am & F P 25% (7 123 Am & For Pow.. 33 Am&FrPpt(l) 9% Am Hide & Lpf. 71 Am Internatl... B84% Am La France 0 12% Am Linseed 25% Am Linseed pf.. 67% Am Metal (3)... 50% Am Radlacor (4) 100 AmSafety R (5). Am Ship & Com. Am Sm & Ref (6) 1% 994 Am Stl Fdys (3). Am Sugar. ..... Am Sugar pf (1) Am Sumatra. ... Am T & Tel (9). Am Tobacco. Am Tobacco (B) 46% 63 98 10% 132% 87 86% Am WW&EI 30c. Am Woolen..... Am Wool ptd (7) Am Zinc... Am Zincpt..... Anaconda (75c). Arn Cons & Co. Art Metal (1) 35 52% 92 10% 827% 444 12% 15 Asso D G 1st (6) Asso D 2d (7) Asso Oil (1%). AtT & SFe (7). AT&SF pt (5). atl Birm & At... 95 38% 93 8% AtGulf & WI... AtGulf & WIpf 86% Atlantic Reflinin 111 Austin-Nichola. 28% Baldwin L (7).. Bal & Ohio (5).. Bal & Oh pt (4). Bang & Ar (3).. Barnsdall A.... Barnsdall B.... Bayuk Clgar. Bayuk 1st pf (7) Beech-Nut (3).. Bethlehem Steel Beth Stl pf (7).. Booth Fish 1st. . Briggs Mfg........ British Empire. Bkl Edison (8).. Brk-Man Tran.. 38 Bklyn Man pf (8 75! BrkIyn Un G (4) 80 Brown Shoe (4). 71 Brunswick-Blke Bur Add Ma (3). Butte Cop (50c). Butte & Superior Caddo Central. . 79 651 40 25% 21% 46% 98 67% 51% 97% 30 37% 31 7% el 1% CalPete (1%).. 28% Callahan Zinc... 3% Calu & Ariz (2). 54% Calumet & H (1) 17% Can Pacific (10). 150% Case Threshing. 30 Cent Leather. 19% Cent Leather pf. 56% CRRNJ (112). 309 Cero d Pasco (4) 53 Chand Mot (3).. 30 Ches & Ohio /4). Chi & EINpL... Chic Gr West. Chic Gr West pf. Chi Mil & St P... Chi Mil &SP pf. Chi & Nwn (4).. 52 10% 27 14% 28% 71 86 46 8415 Chi Pneu T (5).. Chi R1& Pac... CRI&PDS(6). Chile Cop (2%). Coca-Cola (7)... 88 Colo Fuel & Iron 44 Colo Southern.. 49 Colo Sou 1st (4). 63 Colo Sou 2d (4).. 56 Col G & E (2.60). Col Carbon (4).. Com Solv A (4).. 179% 179% 41 15% 31% 86% % 6% Congol-Nairn (3 Conley Tin Foil. Consol Cigar. ... Con Cigar pf (7) Con Distributrs. Consol Gas (5).. Consol Textile.. 4% Cont Can (4).... 67% Cont Insur (6).. 114% Cont Mot (80c).. 9 Corn Prod (2) 39 CosdenCo...... 32% Cosden pf (7)... 874 Crucible Stl (4). 75% 94% 30% 13 57% 5% b52% 614 46% 874 139% 141 46% 97% Cub Am Sug (3). Cuban Cane Sug Cub Cane Su pf. Cuba Dominican Cuyamel Fr (4). Daniel Boon Davison Chem Deere pf (3) Del & Huad (9) Del L& W (6) D& RGWstpf. Devoe 1st (7)... Du Pont (8). 142% Duguesne pf (7) 106 Eastman (18)... 113% Eaton Axle 12% Elec St Bat (16). 65% Emmerson Brnt 2% End-John (5)... 68 Endicott pf (7). 114 . 82 4% 4% 337% 93% 106 1347% Erle 1st pf Erie 2d pf. Fairbks (2.60).. Famous Pl (8).. Famous pf (8). Fed Lt & T (*7). Federal Mines. . Fifth Ave (64c) Fisher Body (5). Fusk Rubber. ... Fish Rubber pf. Fieischman (14) Foundation (6). Freeport-Texas- Gardner Motor.. Gen Asphalt. ... Gen Asph pf (5) . Gen Baking (6). Gen Clgar (8)... Gen Electric (8) Gen El spl (60¢) Gen Motors (5). Gen Mot pf (7).. Gen Petrol (2).. Gimbel Bros. ... Gimbel Br pf (7) Gliaden Co Gold Dust. . Goodrich Goodrich pt (7). Goodyear pf. ... Granby Consol. . 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) Hayes W pf (7% 101 Hoe & Co A (4). 484 Househ P’ (13%) 86% Houston Ofl. 83% Hudson Man.... 25% Hud Man pf (5). 65% Hudson Mot (3). 854 Hupp Mot (1)...- 15% Hydraullc Stpf. 7% Independ Ol (1) Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr.. Internat Agri... 8% T% 46% 29% 30 11% house is said to nave bought more than 25,000 shares recently, chiefly those of Pacific Oll, Shell "'nion and Cosden. 53% 32% int Cement (4). Int Com Eng (2) Open. High. 8% 1% 1 84 7% 17% 54 41% 38% 6% 123 334 9% 72 36% 12% 26% 57% 50% 100% 11% 99% 47 63 98 10% 133 87% 87% 95% 39 94 3% 364 115 28% 79% 65% 40% 26 21% 45% 98 69% 517% 97% 30 714 3% 38% 5% 80% 72 7% % 2 29 3% 56% 17% 151 30 19% 56% 809 B53% 30% 524 10% 27 14% 23% 72 86 48 85% 88 44% 49% 63 56 190 189 41 15% 32 86% % 6% 4% 68% 115 9% 39 33% 87% 5% 94% 31% 13% 57 5% 52% 6% 47% 874 1393 141 0% 3914 92 17% 5% 87% 32 38% 101 48% 36% 85 26% 66% 85% 16 % 20% T% 46% 29% 30% 11% bak 32% Low. 8% 11% 1 83% 75% 16% 51% 41 36% Am Car & F (12) 198% 199% 198% 244 24% 24 6% Am Express (6). 162% 152% 151 128 32% 1% T 34% 12% 26% 57% Am Locomo (6). 116% 117% 116 50 100 87% 38Th 3T 11% 98% Am S & R pf (7). 109% 109% 109% 46% 61 98 10% 1327% 86l 86% Am Tobac pf (6) 104% 104% 104% Am Typ Fdrs (7) 107% 107% 107% 85 50% 88% 10% 82% 444 10% 15 Asso Dry G (5).. 160% 155% 150 95 104% 104% 104% 38% 119% 119% 118% 93 3% Atl Coast L (18) 151% 151% 151% 24% 24% 24% 36 11 2% 131% 131% 130% 78 65% 404 25% 21% 454 98 TV 50% 97% 30 87 34 128% 128% 128 38% 75 79% 71 47% 4TH 4TH kid % 20% 20% 19% 1% Cal Packing (6). 101% 101% 101% 28% Cluet Pea pf (7) 107% 107% 107 3% 54% 17% 150% 30 19 56% 309 53 30 97% 9T% 96% 52 10% 26% 14 23% 71 Chi & Nw pf (7). 115% 115% 115% 86% 45% 841s 356% 35% 35% 87% 43% 49 63 56 49% 49% 49% 49% 50% 49% 179% 179% 40% 15% 31% 86% % 6% 4% 674 114% 9 38% 825 874 4% 94w 30% 13 57% 5% 62% 6 45% 874 31% 36% 101 48% 36% 83% 25% 65% 84% 15% % Illinots Cent (7) 116% 116% 115% 18% % 46% 29% 30 10% 53% 32% Internat Har (5) 108% 108% 108 Int Mer Marine. 12% 18% 12% 1:30, 8% 1% 1 83% 77 17% 62% 41% 384 .. 165% 169% 165% 169% 199% 24 6% 151% 123 334 91% 72 35% 12% 254 57% 117% 50 100% 37w 1% 99 9415 18% 70 39 92% 17% 5% 87 31% 37 101 48% 30% 83% 26 65% 35 16 % 116 19% % 46% 29% 30 11% 544 | U S Ind Alcohol. 32% | U S Realty (8) 108 13% | US Smelting.,. 34% 385 34% 36 | Std Gas & El1 (3) | StoiNJ )... | Std Plate Glass. | Open. 45% WY, b6% 73% 19% 20% 86 19 4“4 1 87% 67% 22% 15 48 95 544 High. 46% 26% 56% 78% 19% 93 86 19 5% 1% 38% 57% 22% 15% 48 981% b4% 2 8% 510 134 8% 6416 63% 7% 69% 28% 6 Int Mer Mar pt.. Internat Nickel, Internat-Paper. Int Pap pf st (6) Int Ry Cent Am. Int Tel & Tel (6) Iron Prod (n)... Jones Bros Tea. Jordon Mot (3). Kansas & Guif.. Kan City South. Kan C So pt (4). Kayser (Julius). elly-Sprgfeld. Kelly Spring pf. Kelsey Wh (6). Kennecott (3).. Reystone T& R. 2 Kinney GR..... 78% Kresge S S (8).. 470 Laclede Gas (8). 134 Lehigh Val (3%) 77% Lig & Myrs (3). 6414 Lig & Myrs B (3) 63% Lig & Myrs rgts. 7% Lima Loca (4).. 68% voews Inc (2).. 23 Loft. .. 6 Long Bell < D Loose-Wiles Bis 79 Loulsiana Oll... 20% Ludlum (2). 38 Mack Trucks (6) 121% 1 Mack T 1st (7). 105 Mack Trk 2d (7) 100% Mack Trk 2d pd. 124% Macy HR & Co.. 177 Magma Copper.. 41% Mallinson & Co.. 83% Mallinson pf (7) 84 Man El md g (5) 47% Manhat Shirt (3) 28% Manila Electric. 29% Maracaibg Oll... 30% Marland . 45% Martin-Parry 4. 83% Mathieson Alka. 53 Mathieson rts... 1% Maxwell Mot A.. 17 Maxwell Mot B.. 34% May Dept St (5). 107 Mexican Seabd... 17% Miami Cop (2) 23% Middle States... 1% Midlnd Pr pf (8) 101% Mis Kan & Tex. 383 MK&TDpf (5).. 824 Missourl Paclfic 87 Missouri Pac pf. 79% Mont Power (4). 68 Montgom Ward. 51% Mother Lode 750 8% Nash Mot (t11).. 268 at Biscuit (14) 68% Nat Cloak & Sut 73% Nat Cl & S pt (7) 103 Nat Dairy (3)... 48 Nat Dept Stores 40 Nat Dp St 1st (7} 1003 Nat Distillers pf 61% at Enamel &S 85% at Lead (8).... 157% Nat Ry Mex 1st. 5 Nat Ry Mex2d.. 2% Nat Supply (3).. 71 Nevada Copper.. 15 NOT&M 123%.. 115 NYAirBr (4).. 51% N Y Canners (2) 84 N Y Central (7). 123% NYCStL(6)...128 NYC&StLpf (6) 90% N Y Dock pf (5). b5% NY NH & Hart.. 31% NYO& Wst (1) 23% Norf & W (18).. 129% Norf & W pf (4). 77% North Am (3.40) 42% North Am pf (3) 47 North Pac (5)... 70 Nunnally (1) 9% Orpheum (1.80). 26 Ots Steel. . 10% Otis Steel pf. 624 Owens Bot (3., 47% Pacific O11 (2)... 64% Packard (11.50). 16% Pan-Amer (4).. 0% Pan-Amer B (4) 70 Panhandle. . 4% Park & Tilford.. 83 Penna C & Coke. 19% Pennsy R R (3). 484 Penn Seab Steel. 2% Penny JC pf (7). 105 Peopies Gas (8). 114 Peoria & East.. 18 Pere Marg (4).. 68 Phila Co (4). 54% Phila& RC&I. 48% Phillip Morris.. 14 Phillips Pet (2). Plerce-Arrow.. % Plerce-Arrow pf 464 Plerce Ol. . Plerce Oll pf. Pierce Petrol Pitts Coal...... Pitts Coal pf (8) 97% Pitts Term Coal. 58% Pitts & West Va 69% Postum-Cer (4) 94% Press Steel Car. 64% PrStCarpf (7). 90 Prod & Refiners 31% 324 Pro & Rpf (3%) 47 47 Pullman Co (8). 1424 143 Punta AlSu (5). 44 44y Pure Oil (1%). 824 32% Radio Corp of A. 664 66% Radio-C pf (3%) 51 61 Ry Stl Spg (8).. 183 133 Ray Cons Cop... 14% 14% Reading (4). 8% 9% Reading rts 22% 22% Reading 1st (2). 87% 387% Read 2d pf (2).. 42 42 Remington Type 48 48 Replogle Steel.. 20 20% Rep Ir & Steel.. 58% 58% Reynolds Sp (1) 16% 16% Rey Tob B (3)... 2% 72% Roy Duth 4.42% b54% 54% StJosepnLd (2) 44 44 StL&SanF (5) 60% 60% StLSanF pf (6).. T7% 77% St L Southwest. 48% 48% StLSwnpf (5). 70% 170% Savage Arms... 86 864 Schulte (8). 114% 114% Schulte pf (8)... 112% 112% Seaboard Air L. 224 224 Seabd AIr Lpf.. 39% 40 Sears-Roebk (8) 164% Seneca Copper. . % Shell Trad (2.0 4315 Shell Union (1). 27% Simmon Co (2) .. 33 Simmons pf (7). 100% Simms 1'et (50¢) 28% Sinclair Ofl. 23% Sinclair pf (8). oLy Skelly Oil...... 29 Sloss-Sheft (6). §5% South Port S (6) 67 South Por pf (8) 101% South Pac (6). . 105% Southern Ry (5) 81% South Ry pf (5). 84% Spicer Mtg 18% 43% 68% 667% 46% 17% 14% 64% 7845 4% 5% 10 14% 22% 13% 8% 48% 106% 45 17% 1% 141 88% 4% 97% 5% 62 39% 41% 621% 4% 65 15% 0% n 5% 83 19% 48% 2% 105 1 14 1 18 68 544 48% 14 45% 13% 491 244 34 6% 524 9714 58% 69% 96% 66% 20 1 1 Stand Mill (5).. St 0il Calif (2) St Ol N J pf (7). Sterling Prd 5% Stew Warner (5 Studebaker,(4). Superior Oil..... Sweets (new) Symington. . Symington (A). Telautograph. . Tennessee Coppe Texas Co (3)... Tex G Sul (17%) Tex & Pacific. ... Tex & Pac C & O Third Avenue... Tide Wat Oll (4) Timken (13%).. Tobac Prod (6). Tobac Prod A (7 Transcont O1l. Twin City (4). Underwood (3). Union Oil (1.80). Un Pacific (10). Un Pac pf (4). Un Tank Car (5 Utd Cigar (13%) 64 United Drug (6) 114% 114% Utd Ry Inves pf. 54 54 USCastIronP. 181 181 U S Distributing 35% 36% U S Hoff (50c).. 25 25 814 814 123 12564 U S Rubber. . 41% 42% LY Low. 46% 26 56 73% 19% 90% 86 19 44 1 37% 57% 22% 15 48 95 54% 2 78% 470 130 76% 64% 63% T% 68% 22% 6 49% 9 20% 38 21% 105 4 100% 124% 77 41 38 84 27 05 14 18 68 54 4815 14 44% 58% 69% 94% 64 90 31% 47 42% 43% 824 63% 50% 33 14% 8% 22% 874 42 48 19% 58 16% 41% 1:30, 46 26% 56% 73% 19% 93 86 19 1 AND OILS RALLY Semi-Speculative Rail Issues Also Work Toward Higher Ground. BY GEORGE T. HUGHES. NEW YORK, January 29 (Special).— Prices ruled firm throughout the bond list again today. ‘While trading interest w: centered on speculative descriptions, caere was a good demand for investment issues as well. For the most part this in- quiry was for bonds just below the so- called gilt-edge class. New York Cen- tral 5s crossed par and were the lead- ers in this group. Southern Railway general 4s, at 76, were higher than at any time in the past year. The re- turn of more than 5% per cent, with the established earning power of the Southern Railway, has attracted in- vestment accumulation. Other rallroad bonds in the same general grade, such as Kansas City Southern refunding Gs, Baltimore and Ohio convertible 4%s and St. Louls- Southwestern consolidated 4s were all well taken. Hudson and Manhattan income 58 were the most prominent among the tractions, running up above 71 for the first time. The report that the Pennsylvania railroad might be in- terested in acquiring control helped along the movement. The convertible ofl bonds agaln went along with their respective stocks. - Skelly Oil 63%s and Sinclair 6s were conspicu- ous for their gains. Among the rails International Great Northern adjustments continued their advance, selling above 71 and at a new high. Earnings are now at the rate of 9 per cent on these bonds, and when the directors meet next month it is expected that not less than 5 per cent will be paid. Thers has been some talk that the Gulf Coast lines were interested In acquiring these bonds. Foreign bonds were fairly firm. The Mexican issues moved up on renewed hopes of the resumption of debt service. City of Montevideo 7s gained on small transactions. Day's New Issues. New offerings included $3,000,000 Dierks Lumber and Coal of Kansas City 5% per cent serial notes to yield from 5.50 to 6 per cent; $5,000,000 Pacific Steamship Marine equipment 6145 to vield from 5 to 6.75 per cent. and $1,600,000 United States Cold Stor- age Co. of Chicago first mortgage 6s at par. CRUDE OIL OUTPUT DROPS DURING WEEK By the Associated Press. NEW YORK, January 29.—The daily average gross crude oil production in the United States decreased 20,450 barrels for the week ending January 24, totaling 2,003,200, according to the weekly summary of the American Petroleum Institute. The daily aver- age production east of California was 1,404,300 barrels, a decrease of 16,150. California _production was 598,900 barrels, a decrease of 4,300. Daily average imports of petroleum at principal ports for the week end- ing January 24 were 221,429 barrels, compared with 192,571 for the previ- ous week. Daily average receipts of California oil at Atlantic and Gulf Coast ports for the week ending Jan- uary 24 were 51,429 barrels, compared with 60,71% for the previous week. OIL RUMOR REVIVED. NEW YORK, January 29.—The turnover of more than 200,000 shares of Pacific Oil in the last two days has revived rumors in the financial district that the company was being acquired by the Standard Oil Com- pany of California, which owns about 20 per cent of its outstanding capi- tal stock. Another version was that Pan-American Petroleum was about to acquire the company. None of the reports, however, had official substantiation. DIVIDENDS. Pay- Stock of ord. b 1 Corporation. Asbestos Corp. Am Multi C Am Tobac Amparo Min Chi M & T Cons Cig pf. Del & Hudson. Harmony M pf.. Int Harv pf.. Int Mh part pf.. Int 8 Ir & § pf. oecoico| | boccccocoo| n e B, Fae RRE & BZARER | s Standard Mill. Do. pfd rn_Bros pfd. Van Raalte pfd Will & Baumer. 2 colocorlo 3 45% 45% 45% 45% 127% 127% 126% 126% 125 125 125 125 89 4014 40% 77 8% 8% 90 20 90 49% 50% 50% 28% 28% 28 12% 12% 124 9 79 79 8% 11% 1% 21% 224 21% 68% 57% 41 41 18 543 96 114 16% 28% 35% 121% 105 4% 84% 134 22% 30% 5% % % 8% 7% 21% 10 744 113% 63% 0% 17 4 39% U.SSm nf (3%). U 8 Steel (17).. U S Steel pf (7). Universal Pipe. . Univer P pf (7). Utah Copper (4) Utah Securities. Vanadium...... Va-Caro Ch pf.. Va Ir C&C pf (5) Vivadou. Wabash. Wabash pf A Wabash pt B. Webber & H ( Webber (new).... West Pen pf (7). West Ele pt (7). West Maryland. West Md 2d pf. . Western Pacific. West Union (7). West Alr Br (6). Westinghse (4). Westhse 1st (4). Weston Elec. Weston Elec White Bagle () White Mot (4). . Wickwire Speni ‘Wickwire Sp rts. Wickwire pf rts. Wilson & Co.... wilson & Co pf. Willys-Overlan¢ Wills-Over pf. . Woolworth /31, Worthington. ... Worthington B { Wright Aero (1) Wrigley (3).... Yellow Cab..... 39% 39% 39% Youngstn S&T. T2% 2% 72 72 Partly extra. $Payable in Dittdend rates s giren a" the: whors "tovis are the annual cash payments based on the latest quarterly or half-yearly declara Unless lotherwise " noted, extra or - speciei dividends are not included. 5414 541 96 114 16% 23% 854 120% 105 73% 84 13% 224 29% 2% % (A 8l % 21% 9% 72% 112% 6214 70% 17 ) 120% 121% 105 105 T4W Ta% 84 Biw 13% 14 224% 23 30 30% 2% 76 % % % % 8% 8% % 7% 21% 21% 9% 10 T2% T4% 114 114 66 66 0% 70% 17 17 49 49 TICKER DELAY. Stock quotations are de- layed today because of ‘wire troubles between New York and Washington, occa- sioned by storm. Complete table will be found in the 5:30 edition of The Star. D. 'C, THURSDAY, JANUARY [oxsew vorx BONDS sroxcun] || LENT SETBACK Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales Lib3%s. . Sales. High. . 268 101 18 10115 10117 in $1,000.) Low. 2:30. Liblst4%s 20 1021 10129 10125 1013 Lib 2d 4% Lib 3d 4%s. Lib 4 4%s.. 367 102 US4%s'62. 58 105 107 1018 101 56 101 17 10115 10118 10180 101 30 US4s1944. 133 100 256 100 24 100 25 104 31 10432 FOREIGN. . High. Argentine 6s A. Argehtine 6s B. Argentine Ts pan 6s. Belgium fs wi. ... Belglum 6%a wi., Belgium 7%s. Belgium 83 Bolivia 8s Brazi] 7 Brazil 8s. . Canada 5s 1931, Canada 6s 1952, Canada 5%s 1929, Chile 7s 1942 Chile 8s 1941 Chile 8s 1946 Chinese Gov Ry 53 Christiania 8s Con Pow Japan 7s Copenhagen 53%s. Cuba 5%s . Czacho 8s 195 Cz cho 8s 1952 ct. . Danish Munic 8s A Danish Munic 8s B Denmark 6s. . . Denmark 8s. . . DEIS5%s Mch'63. DEI6%s Nov '63. Dutch East I 6s°47 Dutch East I 6s '62 Fl Salvador 8s 48. . Finland s f 6s 1945 Framerican 7%s. . French 7swi . French Govt 7%s. French Govet 8s. . Germany Ts w 1. Ger Gen Elec 7. Greek T8 w1, Hait! 68 Hungary 6% Japanese 4s. Japanese 6% Jergens U M 6s "47 Lyons 6s. Marseille . . Mexico 4504 asnte Mexico 5s assented Montevideo 7s.... Netherlands 6s°54. Netherlands 6s '72. Norway 6s 1943... Norway 6s 1944, Norway 6s 1952, Norway 8s. . Parls-Ly's-Med 6: Paris-Ly's-Med 78 Paris Orleans 7s.. Porto Algere 8 Prague 74s. Queensland 6s Queensland 7s Rio de Jan 8s 1946. Rio de Jan 8a 1947. Rio Gr Do Sul 8s Sao Paulo State §s Seine Dept of 7s... Serbs Cr'tes Slo 8s. Solssons 6s. .. Sweden 5%s ct. Sweden 6s. Swiss 5%s 1 Swiss Confed 8s Toklo bs.... . Ud Kingm 5%s"29. Ud Kingm 5%s'37. Ud Steam Copen 68 Uruguay 8s. .22 Zurich 8 5 1 Afax Rubber3s... 3 Am AgrChem 5s.. 1 Am Agr Chem T%s 9 Am Chain s f 65°33 Am Smit & R 1st 52 AmSmit & R 6s... Am Sug ref 6s. AmT & Teltr 4 Am T& TeltrSs.. Am. T. & T. S 3 Am T & T deb 5%s AmT & Tev 6s Am Water Wks 58 Am Writ Paper 6s. Anaconda 1st 6s Anaconda cv db Ts Armour & Co 4%s. Armour of Del 5%: Associated Ol 6s.. Bell Tel Pa bs. . Beth Steel pm 5s.. Beth Steel rf 6s... Beth Steel 535 '53 Beth Steel s 68 Bklyn Ed gen 58 Bklyn Union G 5s. Bush T Bldg 68 '60. Canf Pete 635.... Can Gen Elleb 6s. Central Leather o3 Chile Copper 6s. .. Col Gas & El 6s. Col Gs & El 5s sta. Commonwth P 6s. Con Coal Md 1st 58 Consumers Pow bs Cuba Cane cv 7t ‘3¢ Cuba Cane cv d 8s. Denver Gas 5s.... Det Edison 5s 40.. Det Elison ref 6s.. Donner Steel 7s. Du Pont de N 714 Duquesne Light és Est Cuba Sug 7T¥4s Empire G&F T%s. Feder Metls 78 '39. Fisk Rubber Gen Refractres 6s. Goodrich 6% . Goodyear 8s 1931.. Goodyear 8s 1941.. Humble O&R 5%s. Illinols Bell 1st 5s. Illinois Steel 4%s. Indiana Steel 58 Int Mer Marine 6s. Inter Paper 58 '47. a oy " e e - Sulnonnantla-adrieeabindcunnondanakr PR R PRI KCP & Lt 58 A '52. Kan G & El 65'52... Keyser (3) 7 Kelly-Spring 8s... Lackawa S 55 '60. . Liggett & Myrs b8 Liggett & Myrs 78 Lorillard (P) 5s... Magma Cop eV Manati Sug st 7%s Marland Oil 88 '31. Midvale Steel bs. Montana Pow 5s.. New Eng Tel bs... N Y Eden 1st 8%8. N Y Tel 4%s. N Y Tel 68 '41. N Y Tel 6549 North Am Ed 6 North Am Ed 6% Nor Ohio T&L 6s. . Nor States Fow 68 Otis Steel 7% Otis Steel 8s. . Pacific Gas & Pac T & T 1s! 5 Pacific T & T 63 '62 Pan-American 6 Phila Co 5%s'38. .. Phila Coref 68 A.. Phil & Rdg C&I 5, Plerce-Arrow 88 Public Service 8 8. Pub Serv Elec 6s.. Punta Alegre 78 Sinclair Oil 6s.. Sinclair Ol 6% Sinclair O 78 Sin Crude Oil 6 Sinc Crude 6s wi.. 87 Sin Pipe Line b Skelly Oil 6%s. South Bell Tel 5s. . So Por Rico Sug 7s 2 Southwest Bell 55. 16 Steel & Tube 78 1 Sug Est Orlent Tenn Elec Pow Tide Wat Oll 6% Toledo Edn 1st 7 Union Bag & P 6s. United Drug U S Rub lst i U S Rubber 7% U S Smelter 6 USSteelsf5s.... 28 Utah Pow & Lt 68. 16 - o) © P R POTPINS: Rl P R o= L P - PTOT~ ' ) 5% 95% 102% 91 99% 7% 93% 169% 107% 93% 85 41 90% Tow. 2:30. 95 95 102 97 99% 87% 93% 109 106% 93% 844 82% 106% 96% 102 102% 1034 100% 107% 108 42% 110% 90% 96% 98% 100 100 109% 110% 101% 110% 95% 95% 100 99% 103% 86% 94% 91% 100 102% 954 937% 88 93% 90 8244 1% 86% 85 28% 102% 1 105 100 100 100 112% 79% 88 88 954 92% 103% 110 96 94 97 101% 90% 86 844 99% 2 103% 101% 116% 674 17 106% 54% 108 111 MISCELLANEOUS. 94% 9944 100% 98 9614 105% 102 96% 100% 954 101% 128% 94% 47T% 100% 103% 8Tl 91 102'% 101% 93 954 8% 95% 99% 101 91% 102% 107% 100% 109% 100% 1004 9914 884 824 95% 100% 93 100% 107% 9014 108 106% 104% 101 104% 110% 101% 102% 108% 120 101 97% 93% 101% 89% 88% 967 99% 103 984% 91 98% 117% 96% 1224% 100% 106% 90 98% 100% 114 965% 1063 108% 291 102% 92% 103% 934 99% 94% 100 9334 109 95 103% 100% 95% 95%% 104 104% 116% 90 95% 101 99% 844 116 99% 102% 97 106% 97% 101 103! 109 96 101 86 107 101% 1055 2% 110 9E% 92% 06% 101 20% 85% 84% 994 103% 101% 116% 67% 17 106% 94% 108 111 94% 59% 100 97T% 96 105% 101% 96% 100% 95 101% 128% 94% 47 100% 102% 86% 91% 1024 101 93 954 87% 95% 99% 101 94 101% 107% 100% 109% 100% 100% 991, 884 92 95% 100% 93 100% 107 90% 108 1054 104% 100% 104% 110 101% 102% 108% 119% 100% 7% 93% 101% 89% 88% 964 99% 103 98 91 98% 117% 963 1221 100% 106 90 98% 1004 113% 96% 106% 108% 9814 1024% 9215 103% 93% 99% 94 100 93 108% 94% 103 100% 94% 95% 104 104% 113% 881 934 101 99% 84% 114% 99% 102 96% 1067% 97% 100% 103% 109% 96% 100% 8514 106% 101% 105 95 95% Bales. High. 42 8Z% 8 43% 5 84% 9 95 Va-Car Chem 7s. Va-Car Ch 7% Warner Sug 7 Warner Sug 7s "41. West Elec bs. 21 98% West'n Union 6%s 4 111% Westinghouse 7s.. 13 108% Wickwire Spen 7s. 2 85 Willys-Ov 6%s'33. 2 100 Wilson & Co 1st 68 13 94 Wilson & Co cv 4 69 Wilson&Ccv 734s. 17 66% Winchester A 7%s 2 101% Youngstn S&T 6s. 7 974 RAILROADS. 5 64% 76 89 90 107% 87 904 394 100% 103% 102 84% 99% 867% 87% 116% 9% 107 101 103% 87% Ann Arbor 4 Atchison Gen Atlantic C L 1st 4, Atlantic C. L. 78 D B& O PLEWYV 4s B & O SW div 33 Bklyn-Manhat 6s. Buff R & Pitt 43 Canada North 7, Canada Pac del Car Clinch & O Cent of Ga 5%s Cent of Ga 6. . entral Pacific Ches & O cv 4358 Ches O gn 414, Ches & Ohio o Chi & Alton 3 3 Chi B&Q gn 45 '58. Chi B&Q 1st rf bs. CB& Q-Ill 3% Chi & E I gn b Chi Great West 43. C M & Puget Sd 4s. Chi M & St P 4525 CM&StPdb4s.. Chi M&St P ey 414 CM&StPgn4iys Chi M&St P rf 4345 Chi M & St P cv 5 ChiM&StP 6s Chi & N W ref 5 C&NW gen 4s Chi &N W 7s. g:l gyl bs. . .. {R1&Pgn 4 ChiRI& P rf s, Chi Un Sta 4345 Chi& W Inc cn Chi W Ind 7%s CCC & St L 58 CCC&StLrfés A, Cleve Term bs w {. C. & S. 1st 4s, '29. Colo & Sou 4%s Cuba R R bs Del & Hd 1st rf 4s. Del-Hud cv 5 '35. Del & Hudson 5%s Den & Rio G cn 4s. D & Rio G imp 58 D & Rio G Wst 6s. Det United 4% s Erle 1st cons 4s Erie gen 4: Erfe conv 4s A. Erle conv 4s B. Erfe conv 4s D. Erfe & Jersey 6s. . Erie Genessee R 63 Erle (Pa)clt tr 4s. Gr Trunk sf db Grand Trunk 7s Great North 5s. . Gr North 53s Gr North gen 7s. Green B& W db B Hud & Man ref s Hud & Man aj 5s.. 11l Central ref 4s. 11l Central 5%s. .. 111 C-C St L&NO bs Int Rap Tran 5s... Int Rap Tr 55 stpd. Int Rap Tran 6s.. int & G Nor 1st 6s. Int & G Nor aj 6s.. Towa Centrf ds. .. Kan City Ft S 4 Kansas City S 3, Kansas City S 5 Kan Cy Term 4 Lake Shore 4s'28. Lake Shore 4s°31 Lehigh Val cn 4; Louis & Nash 5% TprinbsA. 47 Mo Pac 5s 1926. Mo Pacific 5s'65 Mo Pacific 6. N O Tex & M in 5s. N O Tex & M 5s B.. NO Tex & M 5%s. N O, Tex, Mex 6s. . N Y Cen gen 3%s N Y Cent cn 4598 N Y Cent rl 58 N Y Cent deb 6 NYCenLScl3% NY Chi & St L 5% NYC&StL6sA. New Hav d 48 '57. New Hav c d 6 New Haven 7s.... New Haven 7s fr. New York Ry fr 4s NY Ry rf 4s ctfs NY Rys adj bs c NY State Ry 4 NY W & Bos 4%s Norfolk & W cn 48 Northern Pac 3s. Northern Pac 4s.. Northern Pac 58 D Northern Pac r 1 6 Ore & Calif 1st 5 Ore Short Liref 48 Ore-Wash 1st rf 43 Pennsyl gen 4%s. Pennsyl gen bs. Penn. s, 64 Pennsyl 6%s. Pennsyl gold T8 Peoria & E Inc Pere Mrq 1st 45’56 Pere Mara ist 6 Reading gn 4%s. . Rio G West st 4s. Rio G West cl 4 RIArk & L4% St L IM&S 4s°29 St LIM&S R&G 4 StL&SFpl4sA. StL&SFprinb o L L L et T P R P ST T BEERGannls » S St P & KCShL 4%8 St P Un Dep 6% San 4 & Arn P 4s.. Seab’d A Liref 4 Seab'd A L ad] b Seab’d A L con 61 Sou Pacific4s'29.. Sou Pacific ctl 4 Sou Pacific ref 48 Southern Ry gn 48 Southern Ry 1st bs Southern Ry 68 ct. Southern Ry 6%8 Term Asso St L 4 Texas & Pac 1st 63 Third Ave ref 4s.. Third Ave adj 5s. . Union Pac 1st 4s.. Union Pac 48 °27. Un Pe lstrf e EXT T Western Md 4 Western Pacfic 5 West Shore 1st 48 Wheel & LE cn Wisconsin Cent 4s. 1 7 97 9344 102 98 110% 108% 35% 81% 98 93 84% 3 864 9314 84% 71% 864 94% 86% 78% 10244 8044 86 8214 100% 83 64 7% 20 96% 84% 88% 5% 100% 104% 107% 83 100% 56 46% 91 99% 104% 104 96% 94 100% 95 64% 91y 82 3% 9% PIG IRON IS HIGHER. NEW YORK, January 29.—The Iron Age composite price for pig iron this week is $22.50 a ton, compared with $22.17 for the week ended December Finished steel was unchanged £-om last week at.2.560,cents a pound. 29. 1:30. 81% 48 84% 95 98% 111% 108% 85 100 = 94 69 66% 101% 9% 64% 88% 20 107 87 90% £9% 100% 103% 102 84% 99% 867 8% 116% 9% 106% 100% 103% 87% 96 £8% 106% 62 45 89 101% 82 6% 62 545 73% 524 FINANCIAL INWHEAT PRICES Quick Rebound Follows Sell- ing Wave on Reports of Winnipeg Smash. By the Associated Press. CHICAGO, January 29.—Influenced by a 10-cent smash in wheat prices at Winnipeg, a result of heavy sell- ing out on the part of holders, the market here underwent a violent set- back today in the early dealings. The feverish buying which has been the rule in Chicago of late continued, however, to be of such extraordinary volume that the extreme break here limited to about 4 cents a bushel, with quick rebounds of more than 2 cents in some cases. The fact that prior to the weakness at Winnipeg the Liverpool market today was un- responsive to yesterday's advance here counted as a decided handicap to proponents of higher prices in Chi- cago. Opening figures, which ranged from 1 to 3% lower, with May 2.02 to 2.03% and July 169 to 1.71, were fol- lowed by further losses in the de- ferred deliveries, and then by raliies all around. Corn and oats were governed chiefly by the action of wheat. Speculators, though, were aggressive buyers of corn on the downturns in price. After opening at % to 1% lower, May 1.31% to 1.32%, corn fluctuated rapidly, but kept near to the initial range. Oats started at a shade to 1 down, May 59% to 60%, and later held rela- tively steady. COTTON QUOTATIONS MOVE BUT LITTLE Early Advance Later Offset by Considerable Selling of July Contracts. By the Associated Press. NEW YORK, January 20.-—The cot- ton market opened steady today at an advance of 2 to 9 points in re- sponse to steady Liverpool cables and bullish overnight Southern advices. Failure of the weather map to show any rain or give promise of immediate precipitation in the Southwest also was a factor which probably led to some buying of new crop positions. The advance to 24.05 for May and 24.25 for July met considerable realiz- ing, however. There also seemed to be a little hedge selling with the re- sult that prices soon reacted to about yesterday's closing quotations. This carried May off to 23.95 and the mar- ket was about net unchanged to 3 points higher at the end of the first hour. New Orleans Quotations NEW ORLEANS, January 29.—Cot- ton futures opencd steady. March, 23.69; May, 23.91; July, 24.08 bid; October, 23.80; December, 23.77 bid. GRAIN AND. PROVISIONS. BALTIMORE, Md., January 29 clal).—Potatoes, per 100 pounds, 1. 1.50; sweet potatoes, barrel, 2.50a5.0! yams, barrel, 3.0024.00. Beans, 1. 3.25. Beets, crate, 2.00a2.25. Broccoli and kale, bushel, 5026 Brussels sprouts, quart, 15a! Cabbage, ton, 20.00225.00. Savoy, bushel, 60a80. Carrots, 100, 5.00a7.00. Caulifiower, p lery, crate, 2.00a 2.00a2.25. Egg- Lettuce, bas- 100 pounds, ¥ Oyster plants, 100 pounds, 8.00a10.00. Parsnips, basket, 60a85. Peas, hamper, 4.00a5.00. Peppers, orate, 4.00a6.00, Spinach, bushel, 2.00a 2. Squash, crate, 5.00a7.00. Toma- Turnips, basket, Onions, 25. toes, crate, 3.00a7.00. 65a85. Apples, bushel, 1.00a2.25. 5.00a6.00. Grapefruit, Oranges, box,, 3.75. quart, 40ads. Selling Prices at Noon. Wheat—No. 2 red Winter, spot, ex- port, no quotation: No. 2 red Winter, spot, domestic, 2.161; No. 2 red Win- ter, garlicky, domestic, 2.16%; No. 3 red Winter, no quotations. Sales—None. Corn—Cob, ne 5 per barrel; No. 2, 1.43al.44. Salrs—None. Oats—No. 2, 68a68% per bushel; No. 3, 67a67%. “Rye—Nearby, 1.30a1.50; No. 2 rye, spot, 1L.79%. Ha.—Receipts, 25 tons. The local hay market is firm on the better grades on timothy and choice light clover mixed hay, of which the offer- ings are limited, while demand is good. Low grades and inferlor hay is dull and of irregular value. Quotations today—No. 2 timothy, 20.50a21.50; No. 3 timothy, 17.00a19.00; No. 1 light clover, mixed, 19.50a20.00; No. 2 clover, mixed, 17.00a18.00. Straw—No. 1 wheat, 16.00a17.00 per ton; No. 1 oat, 16.00a17.00. packed, barrels, 3.00a7.00; Cranberries, box, box, 1.75a2. Strawberries, 6.50a 1low, , vellow, spot, track corn, DAIRY PRODUCTS. BALTIMORE, Md,, January 29 (Spe- cial) —Live poultry—Young chickens, Ib., 26a31; Leghorns, 22a26; Winter chickens, 32a33; old hens, 24a31; old roosters, 17a18; capons, 30a38; voung turkeys, 42a47; old, 35a38; poor and crooked breasts, 25; ducks, 22a30; geese, 23a26; pigeons, palr, 35a40; guinea fowls, each, 40a85. Dressed poultry—Turkeys, 1b., 35a47; poor and crooked breasts, 25; chickens, 26 a32; old roosters, 18; ducks, 25a30; geese, 22a25; capons, 30a42. Eggs—Receipts, 400 cases; mnative and nearby firsts, doz., offered at 60; bid, 59. Butter—Creamery, 1b., 36a40; prints, 40a42; ladles, 27a 29; store-packed, 21; process butter, 3‘::;\3:; dairy prints, 21a24; rolls, 21a24. g0od to fancy, CHICAGO LIVE STOCK MARKET CHICAGO, January 29 (United States Department of Agriculture).— Hogs—Receipts, 41,000 head; butchers mostly 15 to 25 higher; light lights and pigs, 25 to 50 up; big packers holding back; early top, 11.10, some held higher; bulk desirable weighty butchers, 10.90a11.05; most 200 to 230 pound kind, 10.65a10.85; bulk 160 to 190 pound kind, 10.25a10.60; desirable 140 to 150 pound averages, 9.90a10.15; bulk strong-weight slaughter pigs, 9.2529.75; packing sows, mostly 10.15a 10.40; heavyweight hogs, 10.50a11.10. Cattle—Receipts, 16,000 head; large- ly steers run; liberal supply of good to choice heavies; very slow; bidding 25 to 50 lower; yearlings scarce; best youngsters early at 11.00; practically no heavies sold; she stock in light supply; canners and cutters steady; fat cows and heifers steady to weak early; spots shade lower; bulls fully steady; welghty bolognas upward to 4:35; vealers 25 higher: spots 50 up; bulk to packers, 11.50a12.00; light kind downward to 10.50a10.75; se- lected offerings, 160 to 190 pounds to outsiders upward to 14.50; stockers and feedérs nominally steady. Sheep—Recelipts, 10,000 head; active fat lambs, 25 to 50 higher; bulk fat natives and fed Westerns, 18.00a18.56; early top to shippers, 18.75; fat sheep and feeding lambs steady; bulk de- sirable weighty ewes, 9.75a10.50; feed- & lambs, 17.50a18.00, .o BANKERS TO GV TALKS VER RADID New Move in Educational Campaign—Today’s Trad- ing on Local Exchange. BY CHAS. P. The educational program of the American Bankers' Association will evolve the most extensive proportions ever conceived locally if the plans of ‘W. J. Waller, supervisor of education for this district, do not go awry. According to tentative arrange- ments, made public this morning, Mr Waller plans to have a series of lec- tures broadcast from local stations the lectures being by Washington bankers of acknowledged repute on the subjects assigned them. Thes addresses will be supplemented by publicity and lectures befors civic trade and business organizations in o The series Is arranged in eight lec- tures, prepared by the national body, each clarifying banking topics, which are more or less vague in the minds of the general public. The first of the series will probably take place within the next 10 days. Local Bankers Visit South. R. E. Claughton, vice president of the Washington Stock Exchange, leaves tomorrow morning for a two- month sojourn in Florida climes. Ha sails from Baltimore to Jac! onville, whence, by automobile, he will visit successively St. Petersburg, Orlando, Miami and Tampa. Florida is proving a mecca for Washington financiers. W. P. Lips comb, vice president of the District :\an(_-nal Bank, with Mrs. Lipscomb is wintering in Jacksonville and Or. la‘ndu, while Mr. and Mrs. Georgs O. Walson are also taking advantage of the State’s popular resorts Trading on Local Board. Recent market favorites wers neglected in a strong market on the Washington Stock Exchange this morning. Riggs National Bank stock, which has assumed market leaders this week, was inactive, easing off in bid and asked prices to 325 and 327 respectively. It would appear that the excellent statement submitted at the regular call of the controller of the currency enti warrants the present level. Railway common also was inactive, the bid and asked spread being lessened to a quarter point, 100% and 101% respectively. Capital Traction stock was un- changed on sales of 20 shares at 92, while National Mortgage and Invest ment, preferred, equalled its highest Iev"el. 932, ®n sales of 50 shares. Pre- viously a total of 590 sh s changed hands at $%. Ten shares of Conti- nental Trust Company sold at 6. On the investment side of the mar- ket Capital Traction 5s sold upward to 99% on sales of $5,000, while C. & P. Telephone 5s brought $9%. Southern Railway Increases Net. The Southern Railway increased its net operating Income in $30,442,719, compared with § in 1923, despite a drop in gross nues of nearly $5,000,000 to § 719. December gross showed a slig! gain over Decembe 1923, operating income _incr $490,000 to $3,404,749. year-end accounting adjustments, is not yet possible to determine the road's net income for the year. Railroad Earnings Grow, Net operating income of the first 43 cla 1 railroads to report Decem- ber earnings approximate in compariso December, 19 an increase per cent. Gross revenues increased 31 per cent to $339,933,000, against $329,654,000. VIRGINIA FARMING _ NOW AT STANDSTILL Rain, Snow and Cold Weather Halt Work—Farmers Must Buy Feed. SHAEFFER. Special Dispatch to The Star. RICHMOND, January 29.—The State crop statisticlian today declared that rains, snow and cold weather virtual- ly have halted farming in Virginia since January 1. The greater part of last year's corn crqp has been ex- hausted. Hundreds of farmers will have to buy feed. The snow which covered the wheat fields, however doubtless will be beneficial. Much of the tobacco crop still 1s on the farms, as farmers have been un- able to get it to market. Two-thirds of the peanut crop has been marketed Both yield and quantity were disap- pointing. BANK MOVE APPROVED. Conversion of the Metropolitan Trust Company of New York City into the Metropolitan National Bani and Trust Company has been ap- proved by the controller of the cur- rency. The authorized capital of the new institution will be $2,000,000. . BUTTER HIGHER TODAY. CHICAGO, January 29.—Butter higher, creamery extras, 37%; stand- 37%; extra firsts, 36a37; firsts, seconds, 32a34; eggs, lower; , 6,078 cases; firsts, 50%a51; ordinary firsts, 47a48; refrigerator firsts, 4lad2. PARIS MARKET FIRM. PARIS, January 29.—Prices were firm on the bourse today. Thres per cent rentes, 48 francs 45 centimes. Exchange on London, $8 francs 60 centimes. Five per cent loan, 58 francs 70 centimes. The doliar was quoted at 18 francs 45 centimes. APPi.ES E}IADE HIGi{EB. NEW YORK, January 29 (Special) —The light supply of good quality barreled apples sold promptly today at prices that averaged a shade higher. Greenings ranged from 6.00 to 17.25 per barrel, Baldwins from 6.00 to 6.50 and other varieties from 5.00 to 6.00. Fancy McIntoshes reach- DIVIDEND INCREASED. NEW YORK, January 29.—Deere & Co., manufacturers of farming im- plements, today declared a quarterly dividend of $1 on the preferred stock payable March 2 to holders of record February 14. The previous distribu- tion had been 75 cents quarterly. LIV: POULTRY HIGHER. CHICAGO, January 29.—Poultry, alive higher;: fowls, 23a28; springs, 23; roosters, 16%; ducks, 30; geese, 22a23. RATES ON BAR SILVER. NEW YORK, January 20.—Bar sil- ver, 69; Mexican dollars, §3%. In an open competition, in which French, Belgian, Swiss and English typists met, Miss Odette Piau, a French girl, was declared the champion typist ot Burope when she struck the keys of her ¢ v riier 10,493 times in 30 minutes, wia Gy 21 mistakes,