Evening Star Newspaper, January 31, 1925, Page 18

18 NEW HGHRECORDS N STOCK MARSET Many Issues Advance Spite of Week End Profit Taking. in By the Associated Press. EW YORK, January 31.—Stock prices resumed their movement to higher ground in today's market despite the temporary check imparted by week end profit taking. The oils and the Southern and Southwestern rails were again in the vanguard, many new high records being record- ed in those groups. Mack Trucks dropped 3 points in further reflection of the ofMcial denial of rumors that the ‘General Motors interests were seeking control. Com- mercial Solvents B broke 11 points, United Fruit soared 7 points and Tidewater Oil while Worthing- ton Pump, which has been heavy recently, moved up 2% points. The closing was firm. Sales ap- proximated 900,000 shares. Markets at a Glance NEW YORK Southern rails stron, Stocks firm; oils and at new hig Bonds uthwestern rail liens touch new tops. Foreign exchanges steady; demand sterling again above $4 Cotton advanced; firmer spot marke Sugar featureless. Coffee higher; trade buying. Washington Stock Exchange | SALES. Potomac Electric 8s 1003—$1 Washington Rwy. & Electric 79, $3,000 at 79 ogton Kwy. & Elec. g. & r. 6s '83— 1001 ashington Rwy. & Elec. com.—5 at 100. Washington Rwy. & Elec. pfd.—10 at 81, 10 at S1, 2 at 81. Lanston Monotype—10 at 764, 10 at 76%, 80 at 7ok, 10 at T6Y. Mergentlialer Linotype 1704, 1 at 170, 10 at 170%. 10 171,710 at 171, 10 at 171, 10 at 171 AFTER CALL. & PIA—30 at 8%, 10 at 92%, 10 at 92%. 15, 100 at 9235, 300 at t 9213, 5 at 92 Linotype. at 1043, $1,000 at National Mtge. & Invest 80 a ( % 9234, 1 Mergentha 1. Washington Rwy. & Elec. pfd.—10 at 81 Washington Gas 8s '88—200 at 101%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. i Rt 100% iz w0 w " v b b+ o o it 10 at Askea. American Tel. & Telga. 4s.. . American Tel. & Telga. 4¥s. im & Telga. ctl. tr.. Am, Tel. & Tel. conv. Ga. Anscostia & Potomac w. Capital City & Subuibsn 5 Georgetown Poton Potomac Potomac Pot. Elec. = L Alex. & Mt CELLANEOUS r Mg G6...... Pot. 3. 8. L. Bk 0 Riggs Realty STOCKS. PUBLIC UTILITY. & Telga Traction...... & Elec Terminal Taxi com.. NATIONAL BANK Capital Columbia Commerch District Farmers ‘& Federal-Am Liverty i T R National Metropolitan Riggs : Rifond ci.oniiisine National Bank of Washington.. TRUST COMPANY. . 312 5 134 Mechanics Py 220 American Security & Trust Continental Trust Merchants' Ban National Savings & Trust.. Unlon Trust Wash. Loan & Trust.. SAWINGS BANK Commerce & Savings East Wa P Security Sa Seventh St United Stats Washington Mechanics'. FIRE INSURANCE. Natlonsl Union - % " TITLE INSURANCE. Columbla Title...ceoovennrnnss Real Estate Title MIS Merchants® Transter Mergenthaler Lisotpye Natl, Mige. & Tov. pfd ©l4 Dutch Market com 0Oid Dutch Market pfd. Lanston ~ Monotype.. urity Storage. sriveton ieriei. Yollow Cab.....c..... *Ex dividend. Storage. SHORT-TERM SECURITIES. (Quotations furnisied by Redmond & Co.) Bid. 107 10115 102 126 108 100, Aluainum Co. of Amer. 7g 1933. American Sugar 6s 1937 2 American Tel. & Tel. Anaconda Copper 68 1029, Anglo-American_Oil 7 ssociated Oil Ga 193 Baltimore & Onio 8 1630 Bell Tel. of Canada B3 1925 Central of Georgla 6s 1929 Central Lea. 5, Chi., Mil. & St IR 1 & Pa ity of Lyoos @ Columbla Gas & El lst Continental Gas & El Du Pont 7%s 1981.... .. . Federal Sugar Ref. 65 1933 Federated Metals 78 1939, ocodyear T. & R. 88 1831 Northern 78 1036, Gulf 0il Corp. of Pa. 5is 192 Humble Ofl 3ljs 1832 Lehigh Pow. S M., 8t P & 8. §. 3 Morris & Co. T%8 1980...... New York Central 6s 1833. .. | Briggs Mfx.... | Chic & Alton pf. | ChiMi1 &St P.. | Col G & E (2.60) | Cont Can (4) FINANCIAL. Adams Exp (6).. Adv Rumley. . Alr Reduct (15). Ajax Rubber. ... All Am Cable (7 Allied Chem (4). 83% 83% Allled Cm pf (7) 117% 11T% Allls Chalm (4). 774 77% Allis Chim of (7) 106% 106% Am Agricul Chm 18% 184 Am AgChmopt.. 53% b53% Am Bk N (1123%) 179 179 Am Beet Sug (4) 40% 40% Am Bosch . 43 43 Am Can (18).... 166% 165% Am Can pt (7),. 115% 115% Am Car & F (12) 200 200 AmChaln A (3). 24 24 Am Chicle. 38% 384 Am Drux . 6% 6% Am Express (6). 181 151' Am & I P 25% (7 123% 124% Am & For Pow.. 83% 34 Am&FrPpf(7) 9% 9% AmHide &Lpt. 71% 7% AmIce (7)...... 88 88 Am Intern; 86% 364 AmLa France 0 12% 12% Am Linseed..... 28% 28% Am Linseed pf.. 61 62% Am Locomo (6). 115% 118 Am Metal (3)... 50% B0% Am Radfacor (4) 100% 100% AmSafety R (5). 87% 37% Am Ship & Com. 11% 11% Am Sm & Ref (6) 100 100% AmS & R pf (7). 109% 109% Am St Fdys (3). 46% 46% Am Sugar...... 61% 62 Am Sugarpf (7) 98 98 Am Sumatra. ar 1 Am T & Tel (: 132% 183 Am Tobacco (B) 86% 86% Am WW&E130c. 36 86% Am Woolen..... 52 52 Am Wool ptd (1) 91 91 Am Writ Pappf. 4% 4% Anaconda (78¢). 45% 454 Armour Del (7). 92 924 Arn Cone & Co.. 11% 11% Ass0 Dry G (5).. 166% 156% Asso Oil (1% 39 89% AtT&SFe n7 1% AT&SFopf (5). 95% 95% Atl Const L (+8) 150% 150% AtGuif&WI... 25 25 AtGulf & WIpt 36% 3874 Atlantic Refiinin 116 118 Austin-Nichola. 28 28 Auto Knitter M 2% Raldwin L (7).. 133% 133% Bald Loco pf (7) 116% 116% Bal & Ohto (5).. 79% T79% Bal & Oh pf (4). 65% 65% Bang & Ar (3).. 404 40% Barnsdall A. 26% 25% Barnsdall B..... 21% 21% Beech-Nut (3).. 68% 6414 Bethlehem Steel 51% 51% Beth Stl pf (7 99 102 114 116 6 6 39% 40t British Emp 1st. 33% 3881 British Emp 2d. 11% 114 Bkl Edison (8).. 127% 127% Brk-Man Tran.. 88% 39% Bklyn Man pf (§ 75% 75% Rrklyn UnG (4) 80% 81'% Brown Shoe (4). 2% 7% Brown &h pf (7). 100 100 Buff & Sus (19%" 96 96 Burns Bro (10). 981 98% Burns Brof (7). 944 94 Bur Add Ma (3). T3% Brunswick-Blke 48 Butte Cop (500). 8% Butte & Superior 21% 21% Caddo Central.. 2 2 Cal Packing (8). 102% 1027% Cal Pete (1%).. 28% 28% Callahan Zinc... 3% 3% Can Paclfic (10). 149% 150% Case Threshing. 30 80 Cent Leather... 18% 18% Cent Leather pt. b55% 56 CRRNJ (#12). 309 809 Centurv Rib (2) 87 38 Cero d Pasco (4) 54 54 Certain-Teed 43 43 Chand Mot (3).. 30% 30% Ches & Ohio /4). 96% 96% Ches & O pf (6% log& 10::: o 1ton Chicaco & Al Hen 9% 10% 264 27% 13% 13% 28k 23% 1% 1% 87 87 46 46 97 97 148% 14% 87% 8% 11% 11% 4 8% Chic Gr Want... Chic Gr West pf. Chi Mil &8P pf. Chi & Nwn (4).. Chi Pneu T () ChiR1& Pac. .. CRI&PPDL (7). 94 94 ChiStPM&O.. B3% 53% ChStPM&Opf(5) 108 103 Chile Cop (2%). 86% 87 Chino Copper. ... 5 251 Cluett Peab (5). Coca-Cola (7)... Colo Fuel & Iron Colo Southern. 4).. B6% b56% Colo Sou 2d ( e l:“‘ Col G & E pf (7). 107 107 Com Solv A (4)..173 17 Congol-Nairn (3 404 40% Consol Cligar. ... !;": 31% Con Distributrs. 7% 7% Consol Gas (17) 7::: .2:. tf % St 671 674 Cont Insur (6).. 113 118 Cont Mot (80c) 9 9% Corn Prod (2)... 38% 38% CosdenCo...... 34 30 Crucible Stl (4). 747 74% Cub Am Sug (8). 81 81 Cuban Cane Sug 13 13 Cub Cane Supf. 57 67 Cuban Dom pf.. 40% 41 Cuyamel Fr (4). Bl B1% niel Boone... 6 6 Davison Chem.. 48 46% Del L& W (6).. 140% 141 D& RGWstpf.. 45% 46% Detroit Ed (8).. 114% 114% Dome Mines (2). 154 15% Doug Pectin (1). 156 15 DulSS & Atlan. 3% 3% Du Pont (8)..... 148 146 DuPont deb (6). 95% 954 Durham Hose. g Eastman (18)... 114% 115% n Axle. 13 13 gl..:st Bat II;B). (g% sgv‘ erson Brht g::er.on Bpf. 11% 11% End-John (8) 68% 68% Endicott pf (7). 118% 113% Erie 1% 31% Erie 1at pf. 43% 434 Erie 24 pf . Al% A% Exchanks Bt (2) 18% 18% ks (2.60).. 344 B4 g‘:‘r;:u- Pl(8).. 94% 84% Fed Mines pf (1) 60% 60% Fia Phoenix (6) 158% 188% Fisher Body (5). 66% 65% Fak Rubber. Rubber pf. g!::‘tehmln (14) 834 834 Foundation (6). 108% 106% Frank-Si pf (7). 104% 104% Freeport-Texas. 10% 10% dner, Motor.. 8 8 g::\ Asphalt. 1% 61% Gen Cigar (8). 95% 95% Gen Electric (8) 808% 809% o7 14% 87% 11% 82% 117% % 106% 17% 53 179 40% 40% 164% 115% 200 24 38'% 64 150 1284% 33% Com Solv B..... 176% 176% 1 13 €6 2 11% 68% 113% % 434% 1% 18% 2414 941 60% 151 66% 11% 9% 831 106 104% 10% 8 60 95%% 807 Opea. High. Low. Close. 97 14% 87% 1% ) 122% 122% 1224 1224 | Internat Agri... 82% 117% 7% 106% 18% 53 179 40% 40% 164% 116% 200 24 38% 6% 150 124% 34 % 1% 88 86% 12% 281 624 115% 50% 100% 37w 11% 100 109% 46% 61 98 10% 133 86% 364 116% 79% 65% 40% 25% 21% 69% 51 25% 86% 87% 45% 650 56'% 48% 107 161% 167 40 31% % 6% 4 674 113 8% 38% 85 74 30% 13 67 41 b1% 5% 45% 141 45 114% 16% 15 3% 142 95U 9 115 13 66% 2 11% 684 113% 81% 434 41y 18% 4% 94% 60% 151 65% 1% 79% 83% 106 104% 10% 8 60k 953 808 THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. % ™% 9 4 30% 30% 80 30 124 12% Int Bus Mac (8). 113 113 Int Cement (4).. 56% 67 IntCom Eng (2) 32% 36% Internat Har (5) 108 108 Inter Har pf (7). 114% 114% Int Mer Marine. 13% 18% [nt Mer Mar pf.. 47% 47% Internat Nickel. 28% 28% [nternat-Paper. 56% 56% Int Tel & Tel (§) 93 98 Jones Bros Tea. 19% 19% Jordon Mot (3).. 4d% 44% Kansas & Guit.. 1 ) Kan City South. 37 37% Kayser (Jullus). 284 23% Helly-Sprgfield. 15% 15% Kelly Spring pf. 48 48 Kelly Spring 1st 61 51 Kennecott (3).. 55% b5% KeystoneT&R. 1% 1% Kresge Dep 8tr. 33 33 Kresge SSpf (8) 93 93 Lehigh Val (3%) 76% 176% Lig & Myrsrgts. 7% 7% Loews Inc (2). 23 23 TiotE. . v 6 6 Long Bell....... 49 51 Loose-Wiles Bls 79 79% Lorrillard (3) 84% 34% Louisiana Oil. 21% 21% Louls & Nash (8 106% 107% Ludlum (2)..... 3% 3Tk Mclntyre (1).... 16% 17 Maci Trucks (6) 132 133% Mack Trk 2d pd. 130 130 Macy HR & Co.. 76% 76% Magma Copper.. 42 42 Mallinson & Co.. 82% 32% Manatipf (7)..." 79 179 Man E'Sup (4).. 456 47% Man El md g (5) 47% 47% Manhat Shirt (3) 2710 27 Maracaibo Oll... 86% 35% Market St prior. 50% 50l Marland Ofl..... 46 46% Mathieson Alka. 57 67% Mathieson rts. .. 2% 2% Maxwell Mot B.. 85 35% May Dept 8t (5). 107% 107% Mexican Seabd. 1% 17% Miami Cop (3).., 23% 28% Middle States... 11 1% Mis Kan & Tex. 34 86% MK&TDpf (5).. 854 88 uri Pacific 86% 87% our! Pac pf. 79% 804 Montgom Ward. 524 52 Mother Lode 750 84 8i 0% Nat Biscult (14) 70% Nat Cloak & Sut 72% 72% Nat Dairy (3)... 484 484 Nat Enamel &S 85 385 Nat Ry Mex 2d.. 2% 2% Nat Supply (3).. 69 . 63% Nevada Copper. . 16% NOT&M 123%.. 115 NY Air Br (4).. Bl% NYAIrBrA (4) b6 N Y Canners (2) 83% N ¥ Central (7). 1234 NYCBtL(6)... 128 N Y Dock... 26 N Y & Harl (3).. 178 NY NH & Hart.. 80% NYO& Wst (1) 2214 Niagar Fpf 1%. 28% Norfolk South Norf & W (18).. North Am (3.40) North Am pf (3) North Pac (6).. Nunnally (1)... Orphetim (1.80). Otis Elev (15%) Otis Steel. . Otis Steel ptf. Owens Bot (3) PacifioGas (8).. Pacific O11 (2).. Packard (11.50). Pan-Amer (4).. Pan-Amer B (4) Panhandl 2 Pennsy R R (: Penn Seab Steel. Peoples Gas (8). Pere Marg (4).. Pere Mar pf (5). Pere M prior (5) Phila Co (4).... Phila&RC&I. Phillips Pet (2). Plerce-Arrow. Pierce Oil. Pierce Ofl pf Pierce Petrol. Pitts Coal.... Pitts Term Coal. Pitts Ut pt (1. Pltts & West Va Postum-Cer (4) Preas Steel Car. Pr 8t Car pf (7). Prod & Refiners Pro & R pf (3%) Pub Ser N J (5). Punta Al Su (5). Pure Ol (1%). Pure Ofl pf (8).. Radto Corp of A Radio-C pf (3%) Ry St Sppt (7). Ray Cons Cop... Reading (4 Reading rts Read 2d pf (2) Remington Type Replogle Steel Rep Ir & Steel Reynolds Sp Rey Tob B (3)... Roy Duth 4.42% St Josepn Ld (2) StL & San F (5) StLSanF pf (6).. St L Southwest. Savage Arms Seaboard Alr L. Seabd Air L pf. . Sears-Roebk (6) 161 Seneca Copper Shattuck-Ariz Shell Trad (2.06) Shell Union (1). Simmon Co (2).. Simms Pet (50¢) Sinclair Ofl Sinclair pf (8)... Skelly Ofl..« Sloss-Sheff (6).. South Pas (6).. Southern Ry (5) 85 South Ry pt (5). 85 Spicer Mfg..... 17% Std Gas & E1 (3) 48% St Ofl Calif (2).. 68% 66% StOINJ (1)... 46 47 St Ofl N J pt (7). 116% 116% Std Plate Glass. 14% 14% Sterling Prd 5% 64 64 Stew Warner (5 73 78% Studebaker (4). 45% 45 Submearine Boat 9% 10 Supertor Oil. 5% 5% Sweets (new)... 10 10 Symington 13% 187% Symington (A).. 22 22% Telautograph.. 13% 13% Tennessee Coppe 9% 9% Texas Co (3).... 481 48% Tex G Sul (17%) 106 105 Tex & Pacific... 43% d46% Tex&PacC&O0 17% 17% Indian Refining. Inland Stl (2%). Inspiration Cop. Interb Rap Tr. 51 56 337% 28 49 46 18% 2% 834% 6% 51% 59% 14 694 96% 65% 89% 3% 47 704 4319 3214 106 67% 51% 119% 15% 783 22% 4l 47% 19% 57l 164% 73 664 43% 6214 8% 48% 87% 414 47% 19% 57% 16% 3% 57% 48% 62% ks 48% 87% 22% 40% 4 161% Yo . m 6% 4 27% 36% 28% 24% 98 29% §6% 105% 106% 85% 854 17% 43% Low. Close. % % 48% 487 30% 30% 20% 29% 11% 12 18 113 56% 56% 321% 354 108 108 114% 114% 134 13% 47 4T 28 28% b6% 56% 93 3 19% 19% 44% dn 1 1 37 8T% 23% 28% 15 15 48 48 13 51 b4% b5% 1% 1% 83 33 93 93 6% T6% % ™% 23 23 6 6 49 51 79 9% 341 344 21% 21% 106% 107% 37% 3% 164 17 131% 132% 130 130 76 76% 42 42 32% 82% 79 79 45 47% 475 47% 26% 26% 341 35 60% 50% 45% 45% 56% 56% 2% 2% 85 864 107% 107% 17 17 28% 28% 1% 1% 3% 85% 85 B854 86% 36% 79% 80U 624 b2 8 70 72 35 2% 697y 16% 51 STAR, WASHINGTON, D. C., SATURDAY, JANUARY 31, 1925. BONDS CLOSE WEEK | Coxxev vor BONDS srocksxcuancr] AT STRONG PRICES Rails and Industrials Are Leaders—New Offerings Reach Big Total. BY GEORGE T. HUGHES. Special Dispatch to The St NEW YORK, January 31.—The speculative rails and Industrials were the leaders in the bond trading at the close of the week. International Great Northern ad- justments, leaders of the speculative rails, ran up three-eighths of a point to 76 in the first half hour today, a gain for the week of over 3 and a balf points. The gains in the Hud- son and Manhattan {ssues were not as rapid but both the adjustments and re- funding bonds were in vigorous demand. Another speculative favorite, M. K. & T. adjustments, made another new high today, more than 5 points up on the week. Rail Issues Improve. Missouri Pacific issues have all done better this week, the 58 of 1965 being up nearly 3 points. This is an in- stance primarily of investment rather than speculative accumulation. Mis- sourl Pacific's recovery in earnings has been one of the notable features of the raflroad year and the pre- ferred stock has been a speculative favorite, but the bonds until recently have been comparatively neglected. Chicago and Eastern Illinols 85 crossed 77 today for the first on this movement. Forelgn Group Stroms. In the forelgn group selected issues were strong, but the general average was little changed. Some of the French raflway issues recovered to- day on the announcement that a new offering was scheduled for next week. This seemed to indicgte that the bankers believe the market is again favorably disposed toward French bonds. French $s were fractionally higher today, but the 7s and the Tis were inclined to heaviness. Week's New Offerings. Taking both speculative and invest- ment {ssues the average for the entire domestic bond list stands today at the high, not only of 1925, but above the best price of 1924, and of any previ- ous vear back to and Including 1819 New offerings this week have been heavy, the total being over $120,000,- 000, against $117,000,000 in the previ- ous week. The largest individual is- sue was 325,000,000 Bell Telephone of Canada 5. NEW YORK BANKS REPORT BIG YEAR Earnings From 10 to 109 Per Cent, With Many Incomes Double Figures of Last Year. By the Associated Press. NEW YORK, January 31—The 1924 was one of the most profitabl in the history of the large New York banks. Earnings on capital of 31 in- stitutions ranged from 10 to 109 per cent, with income in some cases more than double that of 1923. Among the best known banks, the First National led with earnings of $12,241,023, equivalent to a return to 122.4 per cent on its capital of $10,000,000. The National City Bank, America's larg- est commercial banking house, reported earnings of $9,794.932, or 24.4 per cent on its capltal of $40,090,000. . RUSH TO BUY STOCK. Simmons Company’s Offer Gets Many Subscriptions. NEW YORK, January than half of the employes of the Sim- mons Co. have subscribed so far this year for 83,000 shares of its common stock at $32.50 & share on the install- ment plan somewhat similar to the plan operated by the United States Steel Corporation. Officials of the company expressed surprise that so large a percentage of their workers had availed themselves of this latest offer, because a year ago they held more than 75 per cent of the common stock outstanding. AUSTRALIAN WHEAT MARKET IS AROUSED By the Assoclated Press. MELBOURNE, January 31.—Wheat circles of the rest of the world have stirred considerable excitement and activity in the grain markcts here. It was estimated today that $25,000,- 000 worth of wheat was sold last week. The Victoria wheat yield is esti- mated at 42,000,000 bushels, valued at $75,000,000. GERMAN BO]H)S AND STOCKS. (Quoted in dollars per milllon marks.) 2 Ger Gt (war loan) 5s 1 Hamburg 438 1919...... Ger Gvt 4-36 (forced ioan). Ger Gt 8-10s 1923 (sm pieces) g (Quoted in dollars per thousand mark: Ger Gen Elec 43s pre-war.. 25.50 Ger Gen Elec 4148 1019, 50 Berlin 48 pre-wa; Hambg 8, 8% & 48 pre-wa; Hamburg Amer Line 4% North German Lioyd 4% North German Lloyd. Prussian Consols 3% Krupp 5s 192 Dusseidor{ 48 Frankfort a-M Munich 48 pre. Badische Anilin... AE G (Ger Ge Commers and Privat Bank. Disconto Gellschaft. Dresdner Bank. Deutsche Ban! Darmstaedter Bank Mercur Bank Vienns woRElabal pre-w 4 oo 23, -228 Va-Caro Ch pf.. Va Ry & Power. Vivadou..eseea Wabash. . ven 10% 28 Received by Private Wire Direct to The Star Office. UNITED STATES BONDS. Sales. High. Lib3%s.... 162 10119 10115 101 16 Lib 1st 4%s 17 101 81 101 28 101 31 Lib2d 4%s. 34 1014 1012 1013 Lib3d 4%s. 25 10118 10115 10115 Lib44%s.. 138 102 10130 102 US4s1944. 1 10026 100 26 10028 US4%s'62. 2105 10428 1005 FOREIGN. Open. High. 6 95% 39 96'% 17 102% 97 87% 93% 109% 93% 84% 83% 97 101 102 102% 102% 101 1028 107% 424 1% Low. Close. 954 9% o5 €5k 102 102% 96% 97 £7% 87% 93% 93% 109 109 2% 93% sa% 4% 83 8a% o6% 97 100% 100% 102 102 1027 102% 102% 102% 100% 100% 102% 102% 107% 107% a2v 42 1% 1% 90% 90% 9615 96 o8 8% 100 100% 100% 100% 102 102 110% 110% 95% 95% 9B% 96 100 100 100 100 1024 108% 91k 9% 100 1004 103% 103% 954 95t 987 93% 8 85 20k BIN 99% 99% 821 82% o1 50% 24% 40 90% 102% 1 105% 9974 99% 29% 79% £64 £7 92% 98 914 103 w04 ob% 994 104 101% 116% 6744 106% Argentine 6s A. Argentine 6 .. Argentine 7i Austria 7s Belgium €5 wi.. Belgium 6%awi.. Belglum T%s Bolivia 8a Bordeaux Brazil 7s Bra: : Canada bs 1936 Canada 5s 1931 Canada bs 1952 Canada §%s 19 Chile 75 1942, Chile 851926, . Chile 851941, ..... Chiness Gov Ry 53 Christiania 8s..... Con Pow Japan 7s. 0% Copenhagen 53s. . 97 Cuba5%s......... 9R% Czacho 88 1951. 100% Czecho 851952 ct.. 41 100% Denmark 6s 102 Denmark 8s. ... 110% DEI15%s Mch'53. 954 DEI5%sNov '53. 9.6 Dutch East I 6s'47 5 100% Dutch East 1 6s°62 2 100 ElSalvador 85 45.. 10 103% French7swi ..... ik French Govt 7%s. 10 100% French Govet 8. 104 Germany 7a w 1. 95% Ger Gen Elec Ts. 53% Holland-Amer 6 85 Hungary 6% 89% Italy 6145 192 Japanese 4s Japanese 6% Jergens U M 68 "47 Mexico 4 04 asnt¢ 2 Mexico 5s assented b Montevideo 7s. Netherlands 6s '54. Netherlands 6s '73. Norway 6s 1942, Rio de Jan 85 1946. Rio de Jan $» 1947, Sao Paulo State 8s Seine Dept of 7 Serbs Cr'tes Slo Sweden 5%s .. Sweden 6s........ Swiss 5%s 1046, Swiss Confed 8 Toklo Bs. ... Ud Kingm 5% 5 Ud Steam Copen 68 4% Uruguay 8s 108 108 MISCELLANEOUS. Am Agr Chem T%s 12 1004% 100 AmChainsf6s'33 6 93 97% Am Cotton Ofl 5s.. 1 924 92% Am Repub deb 1 96 96 AmSmit& R1st6s 7 96 AmT&Tcltrés.. b 96% Am T& Tcltrbs.. 12 Am. T. & T. SF 63. 46 AmT & Tdeb 5%s 11 AmT&Tcvés.... b Am Writ Paper 63. 5 Anaconda 1st 6 33 Anaconda cv db 78 63 Armour & Co 43%s. 42 Armour of Del 5%+ 94 Associated Ol 6s.. Barnsdall s £ Bell Tel Pa 58 Beth Steel pm Beth Steel rf Beth Steel 535 ‘53 Beth Steel s f 6s... Brier H St 1st 548 Bklyn Ed gen 58 Callf Pate 618, Central Leather 96 967 96% 1004 95% 10114 128 48 101 103% 8713 924 10245 105 101 924 95% 87% 95% 99 99% 103 100% 109% 100% 9914 92% 95% 100% 107% 93 1005 1074 90% 108 105% 104% 100% 110 102 101% 10244 1084 120 1037% 1007 4 9% 9314 1021 914 88% 7% 100 102% 99 965 126% 100 130 20 28y 81 100% 114% 102 965 5 106% i 108y 9914 1027% 93 944 103% 100 94% 9314 % 109% 954 94y 103 100% 4% 964 106y 118 90 954 995 B4y, 1167% 10215 971 106% 97% 96% Commonwth P Consumers Pow bs Cuba Cane cv 7t "84 Cuba Cane cvd 8s. Cuban-Am Sug 8s. Denver Gas 68 Det Edison 58 "40.. Det Elison ref 6s.. Donner Steel 7s... Du Pont de N T4%s. Duquesne Light s Est Cuba Sug T3s Empire G&F 7% Fisk Rubber 8s Gen Elec deb bs. .. Gen Refractres és Goodrich 6%s. ... Goodyear 8s 1931.. Goodyear 8s 1941.. Hershey 6s 1942 Humble O&R G %s. Illinols Bell 1st bs. Illinois Steel 4% Indiana Steel 6s... Int Mer Marine 6s. Inter Paper 5s '47. KCP & Lt 58 A '52. Kan G & El 68'52.. Keyser (J) T8 Liggett & Myrs Lorillard (P) bt Magma Cop eV Manati Sug st %8 Marland Oil 85 w.. Midvale Steel 58 Montana Pow 6. Mor's&Co 1st 4%8. New Eng Tel b N Y Eden 1st § NYG EL H&P 5s N Y Tel 4%s. N Y Tel 6841 N Y Tel 6549 North Am Ed Gs. ... North Am Ed 6 %s. Nor Ohio T&L 6. . Nor States Pow 5s Nor States Pow 6s Otis Steel 8s... Pacific Gas & E1 53 Pacific T & T bs 52 n-American 6s. People's Gas 5s. Phila Co 5%s'38 Phila Co ref 68 A Phil & Rdg C&L Pierce-Arrow 88.. Public Service 6 §... o AR e o ~naBi PR A B AR b9es o b n S-ed B2 5a. 100% 114% 102 26% 106% 108% 991y 102% 93 941, 108% 100 84% 9344 110 95% 94% 103 100% 95 954 106% 118% 80% 9514 99% 844 1167 1021 % 1064 7% P N pamm s SR sataraannE~Rroet-ela 2 8 Skelly Oil 6% 8o Por Rico Sug 78 1 Southwest Bell 58. 40 Steel & Tube 2i Sug Est Orfent 7 RAILROADS. Sales. 14 1 12 10 10 Ann Arbor 4s. Atchrson adj 4 Atchison Gen 45 Atlantic C Lcl 4 Atlantic C L 1st B&Ogold 4 B&Ocvils Baoretis alto & O 1st Bs ot. B&O§6s. 3 B&Orfimp 2 Canad North 64, Canada North 7s.. 19 Canada Pac deb 4s 26 Centof Ga 6%s... 18 Central Paciflc 45. 18 Ches &Ocv4l4s.. & Ches O gn 4148 2 Ches & Ohlo cv 5s. 43 Chl & Alton 334, . 207 Chi& Alt 3148 ctfs 19 Chi B&Q gn 4s 68, Chi B&Q Ist rt CB&Q-1div4¢ Chi& ETgns....255 Chi Great West 4a. 7 CM& Puget Sd 4s. | ChiM& St P4s'25114 Cni M&St Pov 414, 8 CM&StPgn4te b5 Chi M&St P rf 414a 15 ChiM&StP g C&ENW gends. .. Chi & N W ref 5s. Chi& N W 61 Chi & NW7s Chi Rys ba.. ChiRT&Prr ChITH&SE Chi Unjon Sta Chi Un Sta 634s. .. Chi & W Inc cn 4a, CCC&StLbs..... CCC&StLrfn A, Cleve Tarm 68 w {. Colo & Sou 4%4s. .. Del & Ha 1at rf 4 Del-Hud cv 6535, Del & Hudson 5148 Den & Rio G cn 4s. D & Rio G Imp . . D & Rio G Wat bs. Erle conv 4s A Erle conv 45 B Erie conv 4s D Erie con ext 7s. .., Gr Truni sf db 6s. Grand Trunk 7s Great North 58 Gr North 534s. . Gr North gen 7s... 1 GreenB& WdbB g 6 Hud & Man ref 5s. Hud & Man aj 5s.. 111 Central ref 4 1l Central 5%s... 2 Tl C-C St L&NO 53 81 Int Rap Tran 5s... & 2 @ o Sresanat~Boad-Sihe [nt Rap Tran 7s... Int & G Nor 1st 6s. 5 Int & G Nor aj 8s..339 lowa Cent Ist5s.. 1 Kan City Ft 8 . 164 CitySss.. 9 City Sbs.. 76 Kan Cy Term 48 4 Lake Shore 4s'28. 34 Lake Shore 48°31. Lehigh Val cn 4s. . Louls & Nash 5%s. Manhut Ry cn 4. . Man Ry 2d 4s 2013. Market St Ry 7, MIIElRy & L 3s.. M StP & SSM 5i28. K&Tlst4s.... Mo Pacific gen 4i Mo Pacific 58'65. .. Mo Pacific 68 New Or Term 4s. NO Tex & M 5s B. NO Tex & M 5%a.. NY Cen gen 334s.. N Y Centcn 48'98. N Y Cent ri 5 N Y Cent del N Y CenLScl3 NY Chi & St L5%s New Hav d 48 '67.. New Havcdés.... New Haven T New Haven 7s fr. . NY Ry rf 4a ctfs NY Rys adj 5s ct.. N Y State Ry 4%4s. NY W & Bos 4%s. Norfolk & W cn 4a Northern Pac 3s... Northern Pac 4s. Northern Pac 6s D Northern Pacr 16 Ore Short Liref 4s. 2 Ore ShtLcn 3’46, 8 Ore-Wash 1strfds 4 Pennsyl con 41s.. 10 Pennsyl gen 4%4s. 26 Pennsyl gen bs 3 Penn. 58, 64 it Pennsyl 634s. 3 Pennsylgold 7s... 2 Pere Marag ist 5s.. 13 PorRL&EPGs'47. 7 Reading gn §%s... 3 Rio G West Ist 4s. Rio G Westcl 4s.. St L IM&S 4s°29 St LIM&S R&G 4s. 11 StL&SFpl4sA.. 73 StL&SF prin 5s.122 SLL&ESFb54%s StL &S Fadjés.. S(L&SFincés. StL&SFplésC. StLSWlst4s St LS W con 4 St P Un Dep 634as. . San 4 & Arn P 4 Seab'd A Liref Seab'd A L adj Seab'd A L con 6 Sou Pacific ctl 4 Sou Pacific ref 4 Southern Ry gn 48 14 Southern Ry lst 68 2 Southern Ry 6s ct. 12 Southern Ry 6% 9 Texas & Pac 1st s 3 Third Averef4s.. 1 Third Ave adj bs.. i4 TolStL& W 4s... Union Pac 1st 4s.. 27 Union Pac 1st rf 48 Union Pac 4s '27 Un Pclstrfbs.... Union Pacev 6s... virginia Ry st b Wabash 1st § Wabash 2d bi West Shore 1st 4s. PRINT CLOT . High. 65 82% 89 87% 89% 86% 0% 9% 100% 103% 102 88 87% 101 117% 116% 79% 100% 88% 96% 8844 107% 49 Low. Close. 645 66 8% B2% 83% 89 86Y 874 89% B9 86% 86% 90% 90% 89% 89% 100% 100% 103% 103% 101% 87 874% 101 117% 116% 9% 100% 87% 964 88% 106% 46% 46% 89 101% 90% 7 624 b4 52 56% 80% 601 99% 84% 101% 12 108% 84% £5% 7% 101 116% 78 95% 103% 99% 92% 88% 105% 101% 84 96% 58% 401 70% 64% 654 654 73% 107% 107% 116% 931 101% 110% 15 £7% 72'% 88% 874 874 101 117% 1164% 79% 100% B8% 864 28l 107% 48% 48 89 101% 90% 78 62 b4 80% 3 99% 4 102% 7% 69% 5% 92% 101% 3% 584 82% 1% 8% 85% 984 964 804 106% 634 54t 9545 8545 88 82% 44 87% 99% 65 86% 100% 84% 81 814 9914 76 83% 100 115% T4% 944 564 884 9845 493, 5 61 HIGHER. 101% | - FINANCIAL:- WHEAT ENDS WEK AT FAVINE PRES Total Transactions Largest on Record—World Short- age Considered Real. By the Associated Press CHICAGO, January 31.—Specula- tive buying stampedes in the Chicago wheat market this week have in- volved total transactions the largest on record, as well as lifted prices to a famine level. Compared with a week ago, wheat this morning showed advances ranging from 1% to 10% | a bushel, with corn 2% to 27 up,| oats at 1% to 3% gain, and provisious 5 to 20 down Big Day on' Record. It was on the day when wheat prices reached a maximum of 2.05% a bushel, May delivery, that, ac- cording to the Government supervisor, 111,827,000 bushels changed hands here in a single period of & hours and 45 minutes. Next day, prices in Win- nipeg suddenly collapsed 10 a bushel, and the following day commission houses in Chicago took protective measures against untoward conse- quences likely to result from smaller traders being swamped by quick wild changes in value. To insure rela- tive safety all around as far as prac- ticable, deposit of margins of as much &3 35 cents a bushel was required. whereas the usual deposit seldom ex- ceeds 5 cents. Real Shortage Exists. Back of the preceding big rushes to acquire ownership of wheat was a generally admitted world shortage of 760,000,000 bushels of bread grain, as compared with last year. Further- more, it was apparent that many countries which ordinarily export wheat had become importers to a greater or lesser degree. Whether the needs resulting from the short- age could be tided over until at least July 1, next, the advent of a new wheat harvest In the United States, was the issue on which traders d vided. Provisions Turn Weak. Corn and oats shared in the flurried buying, purchasers taking the ground that the usual ratios of value had been disturbed as a result of the soaring of the price of wheat. Piling up of stocks of lard weaken. ed the provision market. COTTON QUOTATIONS GO LOWER TODAY Early Offerings, However, Are Well Absorbed—Cables Disappointing. By the Associated Preas. NEW YORK, January 31.—The cot- ton market opened steady at a de- cline of 2 to 4 points under a little selling for local and southern ac- count and in sympathy with rather disappointing Liverpool cables. May sold off to 23.93 and July to 24.18 on the call, but offerings were readily absorbed by covering and some trade buying promoted by re- ports of continued firmness in the southern spot market. more favorable reports from the cotton goods trade and expectations of heavy exports over the week end. Manchester cable advices stated large yarn orders had been placed with Lancashire mills by Russia, and there were reports from the. iocal goods market that printers had been heavy buvers of cloths in the past three days New York—Cotton futures closed steady at net advance of 5 to 14 points. Marcn M July October December Opening: “March, ; May, 2 24.18; October, 24.00; December, 24.04 ' _New Orleans Quotations. NEW ORLEANS, January Cotton futures opened steady. March, 23.68; May, 23.92; July, 24.08; October, 23.69; December, 23.71. New Orleans cotton futures closed very steady at net advance of 7 to 15 points: — NEW RULING ON BONDS. NEW YORK, January 31.—The New York Stock Exchunge has received notice that interest due February 1 on the 10-year convertible sinking fund 7'z per cent bonds of Wilson & Chicago packers, due 1921, will not be paid, and has ruled that begin- ning February 2 the bonds and cer- tificates of deposit must be dealt in “hatr EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. “Taking a Loss.” A woman wrote me the other day asking advice about two speculative stocks which had been left to her by her deceased husband. Both were selling below the price at which they were originally purchased. Like other investors In that position she did not “want to take a loss” as she put it. Would these stocks “come back’ was what she wanted to know. Of course I could not tell her nor could anybody else. The factors which govern the move- ment of stock prices are too diverse and their operation too complex to permit of analysis even by the ex- perienced. All I could do was to give my Inquirer the facts about the finan- cial condition of the two companies she named and tell her she must either make up her mind to continue her speculation (for that Is what it amounted to) or to accept the situ- ation, sell her stock and reinvest in good bonds. She probably considered my advice useless, but it was the best {Teported for the correspon IBANK CLEARINGS TOTAL$109.562616 January Figures $10,000,- " 000 in Excess of Same Month Last Year. BY CHAS. P. SHAEFFER. Bank clearings of local institu- tions during the month ending today amounted to $109,562,616, Charles E Bright, manager of the Clearing House Association, announced this morning. This sum s almost ten million excess of the $99,845,145 & month of last year, and is only two million in arrears of the monthly peak, reached December last, when clear- ings reached the huge sum of $111,- 728,231 The figures testify to the tone of confidence and prosperity prevalent throughout the country and show g gradual increase ‘n all lines of locaf business rather than flashes in a feu particular lines, The Washi in on Clearing Housy Association was organized in 151a, In that year clearings for Januars totaled but $32,645,806. Two yearq ago they amounted to $94, 03. Fewer Business Failure: Commercial failures in the United tes this week totaled 525, or 11 below last week and 36 above tha corresponding week of 1924, accord- ing to R. G. Dun & Co. Although the South, West and Pacific Coast had more defaults this week, these wers offset by a reduction of 31 in the East. Railroad earnings in December in- dicate a new record for that month, reports of 69 carrlers showing ag gregate net operating incoms of 378,227,000, an increase of 22.4 per cent. Should the roads still to re- port maintain about the same per cent of gain, the net total for the month will reach $86,000,000 against $63,694,000 in 1923. This would bring the year's net for class one roads to around $985,000,000, representing a return of 4.99 per cent on property valuation of $19,745,000,000 taken at the end of 1923, Fifth District Prospering. Business conditions generally ex ceeded expectations throughout the fifth federal reserve district, the month review of the Richmond Fed- eral Reserve Bank states. “A decided feeling of optimism has ccently developed In the business world, and on the whole the fifth district appears to be in a position that justifies this feeling,” the review declared. “While Fall trade slow in opening up in 1924, and September. October and November were all some- what disappointing, distinct signs of fmprovement became visible in No- vember as soon as the slection was out of the way,” it was pointed out “No boom in trade seems to be ex- pected.” the review continued, “but virtually all of our correspondents profess to believe that the next few months will witness enough trade to keep every one busy and return reasonable profits to manufacturers, wholesalers and retailers. There are a few weak spots in the except in the lower Carolina, where there crop failure in 1924, none of them are serious in comparison with average conditions over a term of years “Lower yields were seen during 1924 in nearly all the g crops in comparison with 19 ds, but it should be remembered that agricul- tural returns in the fifth district w exceptionally high in 1923 and decrease in 1924 prob appe: more serious than it really is bec the comparison is with 1923, an ceptionally good year." Local Market Lively. Relative heavy seiling in popular stock issues, accompanicd by & new ar's high by Mergenthaler Linc type, featured the closing session of the month on the Washington Stock Exchange this morning The typesetter opened at 170, a net gain of 1% points over the previous peak, and increased gradually on ten-share sales to 171%. A total of 101 shares were disposed of during the session. Capital Traction stock made a val- fant effort to regain its recently lost prestige due to a falling off in earne ings during 1924, a total of 575 shares selling at 9233 Rallway preferred was unchanged at 81, as was Lanston at 761. National Mortgage and In- vestment preferred was pcgged at 9%, and five shares of Railway com- mon sold at 100. Bonds were listless and unchanged as to price. TODAY'S GRAIN PRICES. CHICAGO, January 31—Wheat took an early downward swing in price today, with numerous traders acting on an opinion that for at least the time being the market had dis- counted factors tending to lift values A decline in Liverpool quotations gave a further advantage to sellers here, and so too did expectation of heavy world shipments. On the set backs in price, however, buyers be- came more aggressive, and succeeded In rallving the market to nearls vesterday's latest figures. The open- ing, which ranged from % to 2% lower, with May 2.02% to 2.03 and July 1.69% to 1.70%, was followed by a moderate additional decline and then by rapid changes In which re- turns predominated. Corn and oats were relatively firm Buyers ocontinued to show a prefer- ence for them on account of less severe margin requirements than in wheat. After opening unchanged to % off, May 1.34% to 135, corn sagged a little further and then scored gains all around. Oats started at 3% to % off, May 63 to 633%, but soon showed a nearly general advance. Lower quotations on hogs made the provision market easy Open 20214 1evs AR 1341 1333 the us September RYE— NEW YORK, January 31.—An ad- vance of a haif cent a yard on all lines of printed percales has been made by the Windsor Print Works division of the Consolidated Textile Corporation. The plant is running full time, with many weeks' orders ahead. The Union Division at La Fayette, Ga., with 23,152 spindles, is running night and day on sheeti rel 101 109% 101 86 1064 2% 82% 434 848 95'% Third Avenue... 18% 13% Tide Wat Ol (4) 144 148% Timken (13%).. 38% 88% Tobac Prod (6). 74% 4% Tobac Prod A (7 98 984 Transcont Oil... 6% &% Transu & W (3) 81% 31% TwinCity (4)... 62 62 Un Bag & Paper 39 39 €044 445 19 19% 13 96% 15 344w 92 121% 1% T4% 1083 4% b8 b4le 14% 41% 43% 95 101 109y 101 86 1034% 02y 823 48 844 95% Wabasn pfA... ‘Wabash pf B.. Waldorf (1%).. Webber & H (1) Wells-Fargo. ... West Pen pf (7). West Maryland. Western Pactfic. ‘West Pacpf (6). West Unlon (7). 1% T4% 108% 47% b5 baw 14% 41% 43% 95 May . July © September Tenn Elec Pow 6 Toledo Edn 1st 78. United Drus § 1.80 13681 135 ©Oregon Short Line 4s 1929 Peekar RIK. s 1930.- Pure Ol 5l3s, August, Ewirea Cobe 1hen "l:hlnil_[l‘ll' kfl("‘ aioa Tank Ca DS Rupber Tigs 1030, Weaters Union 6lys 1936 ‘Westioghouse E. & M. Fisber Body Cor ment Febroary 1. Fisher Body Corj n Elepl (60c). 114 1% g:ll Motors (8). 74% 76 Gon Mot pf (1).. 108% 108% Geon Petrol (3).. 41% 4Th Gen Refrac (2).. 53% 554 Gimbel Bros. b4% B4% - lors_ losq | Glidden Co- 166 10 927, e - |d Dust s, ot it P | Goodrioh - 43y 43 1 could give. Strange to say, she had added to her letter an inquiry about another stock of even less investment merit than the two she already held. The new speculation she had under considera- tion was the stock of a railroad in the hands of a receiver, and selling at a very low price in dollars. She 177 154 134° 131 105% 92% 82% 48 By 954 FOREIGN EXCHANGE. (Quotations furnjshed by W. B. Hibos & ( Nominal Selling checks goid valye. day +.$4.5685 1.00 . e U S St - Utah Pow & Lt 68. Va-Car Chem 73 Va-Car Ch 7% Warner Sug 7339 ‘Warner Sug 7s "41. London, pound Montrea!,” dollar Paris, frane. st 42% b0 1028, Called for pay- 5 95 wment February 1. 1625, at 102, CHICAGO STOCK CHICAGO, January is a report of toda and closing quotation: Stock Exchang: Eales. 7030 All Amer Rad.... 220 Armour of Il pfd.. 850 Cudahy .. " 675 Libby MeNeal, MARKET. 31.—Following ales, high, low at the Chicago High 358 8 106 Close. ¥ 8717 105% Low. it B1%y 108 x 52 21, 1171 3313 13 ¥ 01 Gab.oe : 200 Yellow Mfg B...... Total eales, 82,000 shares Lord Balniel, 2 new member of Brit- ain’s Parliames is only 24. Goodrich ot (7). Goodyear pf. Granby Cons Grt North pf (5) Grt Nor Ore (4). 39% Grt Wstn Su (8) 924 Gt West Spf (7). 110 Greene Canan... 18 Guantanamo.... 5% Gulf Mo & Nor.. 24% Gu Mo & Npf69 856 Gult St Steel (5) 88% Hartman Co (4). 31% Hayes Wheel (3) 37k Helme Geo H. 6% Hoe & Co A (4).. 48 Househ P (13%) 36% Houston Oll. 8874 Hudson Man. . 26% Hudson Mot (3). 85% Hupp Mot (1)... 15% 9 90 20 9% 90% 20 69% 39% 92% 110% 18% 5% 25 96 89% 32 37% 76% 48 36% 84% 26% 6% 16 Illinols Cant (7) 116% 116% 116% 116% | Vanadium Independ Oil (1) 23 . 23% 224 -22%| Va-Caro Chem.. 89% 20 69% 38% 92 110 18 5% 24% 95 88% 81% 8% 6% 48 36% 82% 26 85% 15% 804 20 69% 8% 924 110% 18% 5% 25 26 89% 32 3% 76% 48 36% 831 26 857% Union Oll (1.80). 42 Un Pacific (10). 149% Un Tank Car (5) 121 Un Tak Car pf (7 116 United Drug (6) 113% Utd Fruit (10).. 214% Utd Ry Invest 20% Utd Ry Inves pf. 53% U SCastIron P. 179% U S Distributing 38% U S Hoft (50¢) 24% U SInd Alcohol. 81% 81% U 8 Realty (8).. 127% 128 USRubber..... 41% 414 USRub 1st (8). 94% 94% U S Smelting... 36% 386% USSmpf (3%).. 45% 45% U SSteel (17)... 126% 126% Universal Pipe.. 41 41 7% 1% 149% 121 116 114 218 20% 53% 179% 36% 24% 15% 50% 50% 28% 284% 2% .24 106 T4% 184% 22% 16 27% It “ % % 8% 10% 76 18 9% 85% West Alr Br (6). Westinghse (4). Weston Ele Weston Elec A. Wheel & L Erie Wheel & L E pf. ‘White Eagle (7) ‘White Mot (4).. Wickwire Spent Wickwire Sp rts. ‘Wickwire pf rts. Willys-Overlanc ‘Wills-Over pf.. Woolworth /3:. 116% Worthington... 67 Worthington A 85% Wright Aero (1) 17 Youngstn S&T. 1% {Partly extra. {Payabi Dividend rates ive: payments 10% T4% in preterred in " the -:.v.'::: or_half-yearly on the 98% 108% 100% 28% 9814 108 1004 934 654% 101% 9% 9814 108 100% 934 66 101% 97% West Elec 58 ‘Westinghouse 7 Willys-Ov 33. Wilson & Co 1st 6 Wilson&C ev 7% 86 Winchester A 7%s 2 101% Youngstn S&T 6s. 12 97% HIGHEST PRICE REACHED. NEW YORK, January 31—The highest price ever reached for Panu- co crude, Mexican heavy oil, was r ported today at $1.30 a barrel, f. o. b. tanker, in Mexico. Gl Soing B 5L RATES ON BAR SILVER. LONDON, January 31.—Bar silver, 32334 per ounce. Money, 314 per cent. Discount rates, short bilis, 3%a3 11-16 per cent; three-month bills, 313-16 Dper cent. and drills. . BOSTON STOCK MARKET. BOSTON, January 31.—Following is a list of today's highest, lowest and closing prices for stocks dealt in here: t Mass son _Elec Mass Gax Mass Gas pfd 1 Mergenthaler Mobawk . Pacific _Miils Swift Internat .. .. United ~ Bhoe Mach. Tnited Shoe Mach pf the most High % 301 86 active UNITED FRUIT'S NET. l NEW YORK, January 31.—: Net in- come of the United Fruit Co. declined to 317,394,307 in 1924, compared with 922,097,396 the year fore. had seen in the newspapers stories of spectacular advances in railroad stocks, 80 she thought this one “ought to go up, t00." As a matter of fact this particular road for a long time did not earn even operating charges, to say nothing of interest on its bonds.” It appeared to be as near worthless as any stock could well be, but speculators had been buying It on the theory that some other road was going to take it over at a fancy price. A merger story will cover a multi- tude of deficits in Wall street some- times, but widows cannot live upon the Income from merger stories. I do not know whether or not my cor- respondent was persuaded to leave Brussels, franc. i Berlin, mark. 2 ‘238 193 198 193 arsaw, tioty. Copenhagen, crown ristiania,” crown. Stockholm,’ crown TREASURY CERTIFICATES. (Quotations turnisted by Regmond & Co) 1925. 1 192: this stock alone. I can only hope for the best, and I repeat her story here to illustrate the foolishness of speculation by the ill informed. (Copyright, 1925, by Consolidated Press.) s 192 isls Maron 1%, 1047, 4igs December 15 1927...