Evening Star Newspaper, January 5, 1926, Page 23

BUTTER DECLINES THE EVE Received by Private Wire Direct to The Star Office NAN. —The up. 1 Monday bruptiy INLOCAL MARKET =2 o | ward tendency %o pronosne {on the Curh Exchange was |V checkea 1n the & 1ding tod: EQQS HOld Yestprday § | The oil stocks, despite the further y ’ |veduction of almost 2500 barrels Prlces, Whlle POl‘k LOInS daily in domestic crude output during | Advance Slightly. the week ended January 2, were of- d_freely at declining prices, The action, however, was not pro unced The oils. hore their {decline as they had e recent rise dropped share in the heen prominent Standard of In below the 70 level the upward movement in Hum halted and Sogth American und, at Center | iSSues were disposed to reach lower after suffering ! Prices, with Carib Syndicate down 2 10242, held their | POInts at one time, The adverse court holding a as ks, te day variety 4 cents g day. Kggs S cents to stead K sudde and_today, tuh |t to 52 and the 25 dropping from | e was D of today ruling against dvanced = 32 k1 nd te There ra’in otiier vemriGatties is an official list Wholesule < today were as|stocks traded in on & Curb Market today Today's Wholes: BONDS 30 cents was little trom NEW YORK, Janum “ollow- and York of the bong New e Prices ound H0ad top, 4 fowls e Atl (-.\\\ | the Doheny Oil Reserve | account damper c: oils. Other interests in unit suit le to some industrials did Heavy tr: | for Tran | vatling pri following company’s movie | throushout the country | buving today wa Union. | Foundation Company, fc | exceptionally weak and sold low when it chunged where it Baking stocks went | others, B0t Tl 201 Colu ol ol m Mex Par Mount _ Prod wdford Oil the said to be aceount of interests close to Western NEW YORK CURB MARKET the Naval probably was extent for the st over the market for the not suffer to | the extemt_of the cils in the selling. ling came into the market round previously pre- report that the Western Union service on the tickers now extends Some of the for eign, t 2 new | hands was off more than 4 points. lower with the at ENING STAR, WAS MUCH REALIZING INCOTTON MARKET Yesterday’s Advance Causes ‘Selling—Board May Urge Less Acreage. By the Associated Press. | NEW YORK, January 5. futures opened barely 'y, 20.15; March, 19.95; May, 19.56; 19.08; October, 18.40. The | market opened at a decline of 4 to 11 points. Realizing by recent buyers after the advance yesterday was pro- moted by relatively easy Liverpool and the largest spot sales reported in Southern markets yesterday were j followed by a little more hedge sell- ing this morning. FFurther buying developed on the optimistic view of general trade i rospects which absorbed early offer- ings, but the market cased off to 19.88 for March and 19.00 for Jjuly, { prices showing net losses of about 1 points by the end of the iirst ~Cotton steady. Jan- hour. UESDAY, {New Cash Register Issue Is All Sold In Five Minutes| oJ 4 By the Associated Press. NEW YORK, January $55,000,000 offering of National Cash Register _common stock, made through Dillon, Read & Co., today was oversubscribed within five minutes after the books were opened. This is one of the quick- st sales of a stock issue on vecord. Unofficial estimates indicated that total applications for the stock exceeded $250,000,000, or al- most five times the amount of the offering. The bankers themselves snid that no effort had yet been made to check up on the pur- chases, but that thesdeluge of orders indicated the entire issue had been absorbed before the formal opening of the books. 5.—The COMMODITY NEWS i1 WIRED STAR FROM \ ENTIRE COUNTRY ‘ DETROIT, January 5.—Employment by the Ford Motor Co. at fts plants throughout the U'nited States at the Deginninz of the yvear was 191,000, & UARY 5, 1926. RUBBER INDUSTRY - GROWTH AMAZING U. S. Uses Two-Thirds of World Supply—Goods Sent All Over Globe. Special Dispateh to The Star NEW YORK, January lion dollars’ 'wo mil worth of rubber a day is the record which the people’ of the United States are making in the im- portation and consumption of that ar- ticle, grown chiefly on the other side of the globe. The latest report of the Department of Commerce shows the | value of rubber imported into the | United States last October at $50.- 000,000, or an average of $2,000,000 a day for each business day of the month, savs the Trade Record of the National City-Bank, and probably a full $2,000,000 a day by the factories which pay the cost of transportation from the plantations on the other side of the globe to the factories in Cen. tral United States Rapid Price Moves. which we have imported in the year just_ended? Over 200 million dollars worth of it from the British East Indles which term presumably in- cludes India, Ceylon, Burma, the Ma- layan Peninsula, Borneo, Hongkong, Singapore, Australia and New Zea- land. Nearly all of the rubber produc- tion of this area is of the type now classed as ‘“plantation rubber” in which there has been an enormous in- crease of production in recent years. Plantation productlon of rubber has advanced from a little over 8,000 tons in 1910 to 320,000 tons in 1820, ac- cording to that acepted authority, the Encyclopedia. Britannica, while the production of “wild rubber” fell from 42,300 tons in 1910 to 40,000 tons in . The same authority states that the United States consumed in 1920 260,000 tons of rubber out of a world production of 364,000 tons. The value of our total imports in the calendar year 1925 will consider- ably exceed 400 million dollars against 243 million dollars in 1920, 110 million dollars in 1910 and 33 million dollars in 1900. Great Advances in Values. tubber manufacturers in the United States in 1921 were valued at over 700 million dollars as against a little over 300 milllons in 1914, A consid- erable part of the large sums which we send abroad for rubber comes back to us in the form of sums paid by people of other countries for manu- factures of rubber exported from the United States. The total value of our rubber exports in the calendar vear 1925 will approximate 50 million 14 millions in ALL CLEARING HOUSE RECORDS EXCEEDED Special Dispatch to The Star. BALTIMORE, Januar vious records were broken clearings at Baltimore Total for the year w: representing an increase 108, or 15.8 per cent, previous banner year. preceding five year: were as follows: 192 1923, $4,838,190,185; 19: 1921, $4.896,046,381. Local clearings for creaged to the extent or 18.2 per cent, over ing month last year. NEW YEAR STARTS WITH $2 RISE IN COTTON NEW YORK, January 5 (@) Tk new year started with an advance of between $1.50 and $2 per cotton market vester an optimistic view of the gener ness outlook was evidently aged by relatively firm Liver bles. Near months also were enced by rumors that shipm pending out of the local stock. contracts sold up to 20.12, « vance of 36 i nt nd closed at TOBACCO RECEIPTS OFF. 23 —All pre in bank during 18 $5,832,303.540 $807,05° er 1924, the During the December of § the correspon Uollars against 1913, | 11 millions in millions | Maryland Sales Heavy During Past in 1900, Quite naturally the growth in cap- | Week, Reports Show ital invested in the rubber manufac- | Special Dispatch turing industry, meantime, has 1 BALTIMORE, Januir very great. The official figures of [of Maryvland leaf tol the census of 1919 show the capital | week totaled only 131 invested in the rubber manufacturing | with sales ri industry at 960 million dollars as against 268 fllions in 1914 and 162 | houses | millions in 1 | heads There are still great possibilitics of | he rubber producton by the “plantation nd leaf tobacco per 100 pounds bits Bl Part of the early buying was I "5 o § g g supposed to be due to expectations | chicke | hat the cotton conference at Atlanta | 2,200,000 square feet of additional aring something, has, in fact, 0 e p b | today would recommend a redu floor space to plants, makig cular” in the average 41l Roval Cor lin acreage. ves under roof. | movements of rubber in the past few i { Sait Croek Prod, g New Orleans Quotations. NEW ORLEANS, January 5.—Auto. | montlis. - The October importations e, Shieven D b 1. EW ORLEA January 5. Cot-| mobile dealers here report their busi- | ‘I‘mm;:;"' apy Gants in Segtember Hoh Wy et g n futures opened steady. January,|ness was excellent in the last month | ent ugnst, 46 cents in July, B 4.95 bid: March, 19.38: May, 18.99;|and the number of inquiries on hand |3 Cents In AUEUSL 47 cents in Jul INDUSTRIALS | July, 18.637 October, 17.85. Liverpool | indicates the firsts quarter will show {11 an @ el ettt lower than due, and first | record breaking sales. \ in the calendar year 1924 i | And these figures of import prices 2 Showed logses OF § 10 101 GIMBERLANDI M., Js | must be understood as representing ices continued to ease off | . PNt the call until January traded | {41 production of u those paid for the rubber in the |Tubber producton by the “PiaK el Aoe : 1 | Vir 1 1 p s rincipal markets ¢ the countries | % 1, notabl i ! nterior ancd rosted, firm Cown o 19.41, March fo 19.38 and May | I fn the last ! 1 or 13 to 14 nts unde: - | ¥ it {5 trom which they are imported. and |1slands. Liber d other sections of | to 9.00; sou mmon and g | the largest amount e e eallss that 'the countries | West Africa and in the Latin Ameri-|10.00 to 1 yod, commor The market showed | (e Turgest e e ubher ot the | ¢an countries which lle near to our | to 25.00; meum, 26.00 to oo than prevailed yesterday, 2 ® " » site 3 great rubber consuming market i f. 24,00 - : ; orld e on the opposite side of the | : Jargely 1o tiie diminshed demand Ganiarvl ook e e e e . common to'medium spota and e liclof spsculative re here for | consumption occurs lie in the seconds, good to fine Ports. The main sustaining influence e S T e e EXTRA BONUS AWARDED. R SR continued to be the stréhgth of the will | seems not unrea 0 BLOOMSEURG, Pa.. January & (Spe- | EApto <iin, seonndieavies position, of the | cial).—The Magee Carpet Co. on April | that the cost “tor: 15.00 to 26.50 th ap-[1 will pay its emploves a 3 per cent gain of 49.000 as compared with Jan-| The price advance in rubber, ads ary 1, 1925. The company adde ? le Record, of which we have | LR ing orns, dueks. stock 15 9450 HEEN s 5104 72 Sehild Gs 0815 100 o The Sta hogsh 1% State tob was reduced to 12 and ground léuves Quotations yesterd: i mtely G6 cents per dressed pork Westert veal < loins Ve Frait zetable Review. € on fruits and Market Agricultural | and n West has been 100,000 tons. uced in at No States P No S PN g 1 of 4.0 ish 1600 1 Am Pow & 1 Am Riyon Prod Am Sta Se et wi smand ve 2%, inches 21 inches | 4 and | i o i 1 Am Threw ¢ BAS0 G e A erday stam PARKERSBURG, W. Va., ———— 5. —Ground has been broken new $3,000,000 rayon plant Viscose (Co. The new factory | employ 3.000 persons ks, stripes W ured, (new), Tt assume De. faney fan. Spitzen extra | able rubber imported in that mo; ato | proximated 60 million d Noon Cotton Values ORL 5 Y 3 ires. noon n J reh, Ay, sher Junuary Cotton i steady; Jun May, 1435 \‘ PORTLAND. January 5.—FPc lars when |bonus on the amount they earned in rowers in the Yakima district we realize that the cost of the same | the first 49 weeks of 1923, This is in Washington, ldaho Falls, and in Ore- material in the markets on the | addition to the 7 per cent Christmas on, are holding stock tightly owing | posite side of the globe was over us. The April 1 payment is being o the shortage of the crop. alifc millions ered to cut down labor turnover, now is bidding as high as $2.40 0 Where does it ¢ since any emplove leaving before hundred pounds. odd million dollars April 1 will lose the bonus. Cot Janu 15,86 STRAWBERRIES BIT HIGH PHILADELPHIA, Januar cial)—A new high price f herries of $4 a quart has Le lished here on sh quarts from Plant nes 30 | bos straw n estat O YORK 11:45 am 4.88: March 13.90: October, | TRAFFIC IS IMPROVING i OVER ST. PAUL R. R. YORK. January 5 (#).—De flic on the Chicago, Milwau Paul exceeded that of De 424, 161,899 revenue handled. 1 1061, 104 4, this 400 of rubber e from worth wiies de New typ FOREIGN BONDS per und ene 0 » Clinchfield Co 18.14, wogia Te A B4 om BT ey i P el G Bal new ey Prod Bak A Bk B 6 Cortl Bak tlaulds Lad a T C vic riiss Avro M. For R € vu Dixon Cricible Dubilier € & Rad Mot nted INQUIRE ABOUT OUR DEFERRED FREE AUTOMOBILE PARKING W, M. FMoses & Sons Established 1861 PAYMENT PLAN Bit Supplies High mic rket sl Celery ele erate wlera m: pidt NEW cember t Lee and § cember thaving been | The vear's | pared with 1 heavier traffic crates, 5.7 dozen, most-| 7.00. ani Medellin: 8s etiuce —Supp! fauta Fe es moderate: =htly Valley demand K 2 com he Chi- ha 153.703 and perial month ate; demand Indiana _and ind vellows, sacks Furniture Carpets Linens Upholstery Russet Michi A Am Oy Rural: Tonos 7.00a7.25; some ps_nfd nd W United ertand P i1 wrge size, ordinary 0 Gal S O nid old showing | STOCK TO BE REDEEMED. NEW YORK. January 5 (®).—U Hoffman Machinery Co. has called for redemption on March 1 its 7 per convertible preferred stock at share and has fixed March the last dav for conversion into stock the rate of 3 preferre ; ) T o i 13 Fagenl Mt Co L Fall Riv Gas W 1 F&W G 510 Z6ne < Fisk T e o111 i Forhay (0 & Ford Mot ¢ Van Foun For & wi 10 61 ites 100 Humbie O & R some 0 Imp O of Can n VI as 430 oder sady pe. oo Prank HH Y1 ( : Freshman (s at 00 Ohio 0 “‘(“ e . Gamewell Co r one of Gon Tl LEAVES RESERVE BANK. i SAN FRANCISCO, January 5 OP) The resignation of John Perrin as: chairman of the board and Federal | F Street and Eleventh | reserve agent of the San Francisco 65th ANNIVERSARY SALE 1861 1926 L e "Combining the January Linen and White Sale And the demand | Texas, bush- | 1.55a th e Gi) 108 O Kar ! aria 0089 Other Prices Today. iflower —Supplies moderate mand moderate, market steady <.mi Goodyear = formia.cra 2.00a2.25; few fancy ] : ‘”'.m‘mjuuf_g(.‘fl»(\ light .1»nmu\‘ S pt slow for o : Ohio. hot- medium | Cuba, &s | fuir quality eholce. count, | iWashlngton Stock Exchange SALES 10503 T TO8 I 15 IR0k d0/at fable 160 180 pound kind, 11.90a o Lot ¢ Power ptd.—5 at 1087 8 #14]12.10: best 160 pound weight, 12.20 > Washington Gas Light— i, | Choice 200 pound averages up to 1 !'“"Kl."r:":u?“l.:h‘( a : bulk, good and choice 100 to 150 : = averages. 12 50: packing | sows larg heavy-weight i hogs, 11.00 medium. 11.40a11.90. light, : light light, 11.15a SOW 9.00410.00, 12.00a212.50. 14.000 head: fairly steers and auality con supply weighty 10 Ton 1toes—Supplies L JNDEPENDENT OIL 5 Am Contr i Am ) dinal s STOCKS stock Oilftds acaiho Pete i house stock. ripes wrapped, : count, repacked, Pro) ern Tt ntern Ul B 1 e 5 (United States —Hogs- mostly 10 cents inactive: bulk, to 300 pound | majority desir T 55007 Department of Agriculture). Receipts, 43.000 head higher: big packers ! zood and choice utchers, 11.40a11.80 Carrots—Sup moderate, hushel bi : leets—Supplies light; erate. market steady; 5a3.00. Peppers—Supplies market . most choie Squash, very es moderate: demand Tex: Fiorida vie Coal demand mod- xas, bushel to light steady demand Florida, few fine| . 3.25a3.50. Cuctimbers, Peas light; no sales re- | poun 12600 al Mige Eeaplant & Tnvest —Supplies Dld—30 at 91y, AFTER CALL Washington Gas Light—20 at 10 at Tala 10 at T4y, 10 at i, 05 Dital Traction o0 4t 10310 2h at slaught Cattie ‘tive trade gene she stock steady to sidered: she stock in itending lower: carly isteers. 11.40: scme yvearlings yaround 11.00: wost fai steers, 110.00; thin kina suitable for feeders, searce: better grades firm; bulls, weak | to 25 cents lower; vealers steady to b 00a12.50 mostly; outsiders sparing 1 v upward to 13.50. & Ga i~ Sheep—Receipts. 13,000 head: lambs, active; early sales mostly 25 | cents to 35 cents higher; bulk desir- able medium and handyweight, 15. 1 |a16.25; one load to shippers earlv at 16.35; feeding lambs, fairly active: fully steady; few choice kind, upward to 16.00; fat sheep, slow, weak; few early sales of desirable fat ewes, 8.00a8.75. 19 Mo I Natl E 1on Nt P ag1 3 at 99 $1.000 Bl - + Nentine Metor 10 at T Nehiune, River. C DAIRY PRODUCTS. Dispateh to The BALTIMORE poul Sprin 32 Leghorns, “da roosters, 18 old Les Aucks, 25a30: geese, 15a50; old. 40a42; poor breasts, 30al5; pigeons zuinea fowls, each, try— Turkeys, ital Tract; — 1000 asy. Tibe top Light—20 Ty war chickens 28 old pound hens, 1orns 30 and pat 35a85. Dressed voung, pound. 50a | old, 40a42; chickens, voung, 28a32 oid, 25230 ducks, 25a30; geese, 25a30. Eggs teceipts, 378 cases; native nearby, fresh, dozen, can Washingt Washinit turkeys. { apn o ooked | ‘\m.m.,x- Transfer & Storage Co.—10 at Mones—Cail loans, 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY 1 Pty fat § Purity Rand ¢ 10 Rutter yund, 4¢ store packed, process butter, 4 fancy ereamer: les, 3 e ey . ephon: prints, 30a | & & g P Va rolls, 30a35. | Capitai Traction R. R, ¥ & suburhan b dairy 43 REDUCTION IN STEEL ! TONNAGE IS EXPECTED NEW YORK, January 5 (#).—The unfilled tonnage statement of the United States Steel Corporation for December, to be made public in a few days, is expected to reveal a smaller increase than the gain of 472,500 tons | ported for November, some _es mates of the trade placing the figure at between 200,000 and 300,000 tons. Despite the holidays in December the month is consldered to have been a favorable one for the industry - STOCK ON $4 BASIS. NEW YORK. January 5 (P)—ap! tal stock the Postum Ce Co. today was placed on an annual div dend of $4.40 a share with a quarterly disbursement of £1 | share, ayable February 1 to holders of record January 21. The company has outstanding 1.370.000 shares of | po, capital ast November the | stock w up two for one, and the Jel recently was acquired for shares Postum stock DIVIDENDS. Potomac | Potomae of Sou Dariee Sou Dairies B Sparks Withiig Spitd Beth EI Cd S St Reg 1 Stand ¥ 14 Stutz Mot 30 Swift Intl 1y Swift & Co 6 Thermiod Rad 7 Thomp R ¢ hompson ans Lux Pic | Trascon Steel " hize A S B Vi STOCKS. "\l"- ol Lamp. PUBLIC UTILITY n Curtide American Tel. & Telza o142 Sin % LN Capital Traction.. . ih | 4 Washington Gas — G & Norfollc & Wash. . Balt. & Annap. 5 Washington Gas 5 Washington G; Wash. Rw 2 Wash! Rwy, & Eicc. ge. 65, MISCELLANEOUS. Joint Stk L'd Blc. be..... 10114 Rigics Realty (1onx) o . 99 Rikgs Realty ‘(short) 530 & Southein Blde. 6las.. . 102 Wash. Mkt, Cold Storake 5s.. 93 Wardinan Park Hotel ts 101 basis Furniture Sale 18 split O Co. tn wi E new. Imp ( e i & B i [ TRUSCON STEEL MAY e INCREASE COMMON| Cet. til_Sh P way > RO .o n Shoe Mach ( e, nid fi oH00 Mueh ' g B N A ] i & Ht pf YORK, January 5 (P)—A copy 3 Nhtional a o Talk Mach | proposal to increase the $10 par valus Columbia common stock of the Truscon Steel Gontmercinl { Co. from $4,500,000 to $7,000,000, to be | ollowed by a 6 per cent dividend in common stock, payable to holders of { record January 30, will be considered t a special stockholders’ meeting on anuary 21. The regular quarterly ! cash dividend of per cent, payable e March 15, on the common stock would " J‘A & apply to the new stoc! CLOTH PBICES STEADY NEW YORK, January 5 (Special).— {Cotton goods, markets were a trifle slower today. but prices were gener- ally steady. with print cloths quoted at 8% cents for 64x60 and 10% for 68x72. Raw silks were quoted around Monday's prices. the top being $7.05 for XXA 2022 denier. WOOL INQUIRY IMPROVES. BOSTON, January 5 (Speclal).— Zarly cables from Melbourne indicated a firm market as was expected, with England and America buying. Lo- cally a fair inquiry for Australian me- dium and fine wool developed, though without price changes of any impor- tance. P Eat | Pot. Elce. Pow Wash. Rwy N NEW St Dpt Ste yionn 2 Altlo' S i &Cnwi. Wils & C A n 1 Taxi C N ¥ M S100 pa S s} e L Prod v Bank ‘ot Washifigton.. . 380 COMPANY. 10 Enrek Eavanh Sug Tig B0 First Do, i Eears Roehuick Ehelly 011 Vick Chemical STOCKS EX»DIVIb}END. Corporation. Amer Do pl = Rl Man 5. 5_Cudahy_Packing ¢o —Howe_Sound Co, vot ir New York Dock Co pf New York Airbrake Co eneral Refractories Co S Smelt, Ref & Min Co 7— Do pf S American Beet Sugar € © B—American lce col 8 Do 1 Brigge Mfz Co. : R_Central R R of N1 5D L& WR R Co 5130 & 5100 ex Din Pont. £ 1 e N_deb atlonal A Pitls. ( A—Pittshu Continental Trust.. Merchants Bank_ . National Sav. & Trust.] Union Trust.. | Wash. Loan & Trist.. SAVINGS BANK e & Savinge.. Washinston The prices in effect are of course the usual low prices prevailing for these two sales. Other Departments offer many attractive pricings during the 65th Anmversary Sale. Date Per share. T in Type Founders C0.$2.00 hio Copper. . 30 Parmac Por M Lt 0 Red W ot FIRE INSURA. American Sorcoran : = : H iremen's : : Nitional Union. s | TITLE INSURANCE. | Columbia Title 8% foal Ertate Titie.. 168 MISCELLANEOUS b. ¢ Paper pfd... : Pederal Storage Co 00 rehants. Trans. & Storage.t114 athaler Linotype. .. 1031 Wiee & vt fiid putch Mari vid Wend e i Wenden Cqnpe: Yu Gold.. ... RUBBER DOWN 4 CENTS. 3W YORK, January 5 (Special)— . | Crude rubber continued to drop today, selling at §5 cents a pound, 4 cents un- | der yesterday. A month azo the price and w year ago 39 cents. INQUIRE ABOUT OUR DEFERRED PAYMENT PLAN Me Nat ol Lanstos Sheurit — PURCHASES FORWARDED PREPAID TO ANY SHIPPING POINT IN THE UNITED STATES Tt doesn’t pay to go entirely on the theory that it is the unexpected that always happens, Patroleum Rumania tion in ok div, was F1.0