Evening Star Newspaper, January 31, 1926, Page 43

STOCKS IRREGULAR INBRIEF SESSION ST | Food, Oil, Public Utility and| Copper Shares Are Satur- day Leaders. © the Associated Press. EW YORK, January 30.—The usu week end readjustment of speculative accounts brought about irregularity towards the close of to- day's stock market after an early perfod of firmness, which was fea- tured by bullish demonstrations in selected list of food, ofl, public ility and copper sha Trading s conducted at a brisk pace. the s sales totaling 934,200 shares. fe traders conunued to ding, but commission S that the recent re- vival of activity in the ofl and rafl <hares had increased public interest. Operations on the long side have been encouraged by the prospect of easier money rates next month and rumors of f Jle dividend and merger de- velopments by some of the leading yailroad and industrial companies by the end of the first quarter. I"allure of the predicted increase in mideontinent erude prices to materfal: ize today brought about some selling of the ofl shares by traders who had ;zht those issues “for a turn but interests are looking for an pouncement early next \\'@e‘k_ eV L1 powerful pools in the oil shareg v ported to have been formed the last two weeks. Steel Up One Point. Standard Industrial shares moved | with rather narrow and irregular limits. U. 8. Steel common advanced nearly a point to 1337 despite re ports that some automobile manu faetures had succeeded in obtaining concessions on sheet prices. An\s“r" an Can closed a point lower at 288 and Baldwin yvielded fractionally to 1967. Abitibi Power advanced 2% points to 8315, the highest price since the old stock was split up on a -1 basis in 1920. L finl:h‘nr)‘mrong spots among the spe- cialties were Gold Dust, Gotham Ho- Jewel Tea, Mullins Body, adelphia and Reading Coal and h Motors, the last named points on two sales. ils quicted down changes of n ng mping Trading in the rai siderably with most { fractional nature. Brisk demand Cana Pacific carried that to . the highest price of but it forfeited half of its nts on realiz- n for tock the vear, etreme gain of two pol Foreign Exchange Steady. ed movements again charact sed the day's commodity matkets \wheat advanced a_ cent or mol puchel in sympathy with higher rices in the foreign markets. Cot- Ton was slightly firmer but raw sugar futures were easier in reflection of larger offerings in the spbt markets. Coffee prices also lost ground after arly period of firmness. ‘"r:rexgn'»mmnges held relatively cteady. Demand _sterling crossed £1.86 for the first time in about two heks. but French francs eased Qightly to 3.7714c WALL STREET BRIEFS NEW YORK, January 30 (P).—Di- rertors of the Celluloid Co. toda T itted the quarterly dividend of fer cent on the preferred stock due at Uhis time. Previous payment of 2 per tont was made September 1,1925. ‘'he quarterly dividend of 1 per cent on common stock was omitted Decem- ber 1, 1924. CH . M. Goss. president of the Elec- iy Pagrigeration Corporation, —an- Hounces oversubscription of an of- foring of 4,80,000 of 7 per cent pre- ferred stock of the Kelvinator of Can- ada, 1td., a subsidlary of Electric Re- frigeration. Kelvinator of Canada will handle all Canadian and export business of the Kelvinator, Nizer and Teonard units of the Electric Refrig. eration Corporation. The business of The corporation was showing a grati- fving expansion, Mr. Goss said. December surplus of the St Louis- Southwestern System was $441,283 acainst $389,744 a vear ago. Net op- erating income increased to $642,080 from $392.679, but gross revenue fell off $159,58 Reports that the Douglas-Pectin Corporation was Involved in a pending merger were denied today by the pres- ident of the corporation. Mexico is shipping $5,000,000 in gold for account of the current half vear's interest on the forelgn debt, it xs] stated, in private dispatches received | In Wall Street. Remittances aggre- gating about $800,000 have been made hus far this year on the Mexican debt, which requires about $11.000,000 for the half year under the modified agreement. Gus Light Co, for 192 1974 — $1,70,125 against This was equal after preferred divi- dends to §15.37 a share on the common. . Directors of the Studebaker Cor- poration were only in conference 15 minutes today on the quarterly divi- lend when the regular disbursement i of $1.25 a share on the common and $1.75 on the preferred were declared, ble March 1 to stock of record fchruary 10. An extra dividend of 1 was declared in the preceding quar: ter; then the quarterly rate also was increased from $1 to Net loss of $96.433 for the first 10| months of 1925 after interest, depre- ciatfon and taxes, is reported by thef Beacon Oil Co., including its_subsid- jary. Net sales were $13,021.587. ings throughont the - the week are calculated R by the Commercialg nd_Financ hronicle, an_ine f 12.5 per cent over the $8.6 Yor the sume period last vear. York Clty gained 13.3 per cent. Johns Mansville, Inc., reported net profit of $2,245 61 after Federal taxes, For 1925 equal to $9.72 n share. agains $2,223,047 in 1924, or $8.89 a share. NAPOLEON PLAN REVIVED. Comedie Francaise Adopts Govern- ment System He Founded. PARIS, January 30 (#).—The Com- rdie Francaise is going back to the stem of government chosen for it : Napoleon during the disastrous Russian campaign of 1812, when he | has been active, vanced from 1 to found time to sign a decree instituting a committee of six to oversee the af- airs of the House of Moliere. This committee was increased in 1819 to nine members, with three substitutes, by the minister of public works, M. aferre. The present minister of pub- lic works, M. Daladier, has decided to revert to the Napoleonic committee of si Oneargument in favor of the change that the 32 members of the Com- ie Francaise do not need 12 repre- entatives. The opposition says that he change is undemocratic and wil result in the repression of new ideals. —— The greatest secret of popularity i W mecy yuur Uviides Lo yoursell. THE SUNDAY WASHINGTON BANK STOCKS ARE POPULAR FORM OF INVESTMENT Possess Every Merit for Long Carry—New Federal- American Bank to Open Dodrs Soon—Other Financial BY CHAS. P. SHAEFFER. | At a time when investment prob- | lems are becoming more and more | jintricate, due to the pethora of un-| tried ventures, real estate booms, ever increasing construction loans and the thousand and one unmentioned chan- nels (some good—some bad), which at- tractively invite support, Washington investors are increasingly trodding the familiar path of home-grown-and- operated investments, and with more than passing economic success. The District of Columbfa, once a haven for every scheme under the sun that offered a return of more than 7 per cent, {s now fairly well educated in the great financial danger that lies in_every unfamiliar “security,” Much’ of this education is attribut- able to the relentless school of ex- perience, the balance to a systematized | and concerted effort by the District Bankers' Association in conjunction with varfous other civic organizations, including the Better Business Bureau, and in collaboration with local news: papers. Certainly no soldier, going | into the thick of battle, was ever made more fully aware of the dangers of unfamiliar territory than the Wash- ington investor has been during the last few years. Steady Advances Noted. A popular form of investment here Washington and one which s | v growing. is that in stock g banking institutions. Bank of healthy Institutions are really one of the best forms of invest ment that can be selected for a long time carry. They offer a security of ready marketability, do not suffer from seasonal lapses as do the ma jority of other issues, und can most always be depended upon for consider- able and successive appreciations from year to year. KEvidence of this state- ment can be gained from a perusal of the Washington Stock Exchange dur- ing the first month of 1926, which shows an appreciation of $2,668,600 in 14 listed banks, both national and trust companles, over the market level on December 31 last. From a selected list. which includes efght national institutions whose &tock the market has ad ¢ points during the month, invelving an augmentation of $1.679.600, while the six trust com- panfes listed have gained anywhere from 6 to 20 points, for an aggregate increase of $989.000. It is singular that there have been no declines in either class of security during the month; the national banks not in- cluded in this list have either been inactive or unchanged, while the six trust companles comprise the entire roster of this class of institution, with the single exception of -the Munsey Trust Co., which is not listed locally. Stocks Showing Gains. ! Those institutions participating in the advance, with their respective ad- vance and appreciation in market- | ability, follow: NATIONAL BANKS Commercial District Columbia " Federal-American Liberty . Metropolitan $110.000 a0 10:000 | 500 American Tontinental Coion . e 140000 Washington Loan & Tr. 10 100.000 The careful and discriminating in- | vestor in Washington today applies; certain tests in passing upon the merits of any security he may have under consideration. These determine the stability of the borrowing busi- ness; its record of earnings: taki into consideration the management, laying particular stress on its capa- bility and experience; value of the collateral in relation to the loan: t market value of the security; f marketability, and also determines the character of the bankers behind the issue. If satisfactory answers can be had to the above-mentioned querles, the investor need have little worry as to the merits of his in- volvemen New Bank Nearly Reads. Within a few weeks another of Washington's _handsome banking | quarters—the Federal-American Na- | tional Bank, at Fourteenth and G | streets—will be thrown open to the | public. In process of construction for more than 18 months, this new bank building. costing close to $1 000,000, is considered one of the most artistic of Its kind in the country. Besides being an architectural gem. both within and without, the building embodies several unique and progres- sive features in bank arrangement. The elevated banking room. de- | inches wide, | tomers 1 Notes. dgned and decorated along medieval dpanish and Itallan themes, is su assed for beauty and artistic effect arobably by none in Washington. Che lobby measures o4 feet by 45 eet, surrounded on three sides by iandsomely hand-carved counters of iwalian walnut. The cefling is ot Spanish design. hand-painted. from #hose center Is suspended a large chandeller in artistic keeping with (he general beauty of the entire room. A balcony covers three sldes of the building, while over the stiir- way leading to the lobby Is a carved stone arch. The back wall of the lobby is con- structed of Aquia Creek quarries stone, known as George Washingion randstone, of which Washington con- structed a mill at Great Falls, V. the walls of which are still stnling. The exterior of the building is of Indfana limestone and granite. Aside from the artistic features of the new building, probably one .of the most striking innovations, and one that may revolutionize existing bank quarters, is the new type ol counter, originated by John Poole. president of the bank. and worked out in detail by Alfred C. Bossom, bank engineer and architect. Con- trary to the usual type of construc- tion, the new bank will have mno tellers’ cages, no wickets and no high grille work, or glass inclosure. New Type of Counter. This new type of counter has two levels. The first level, 3 feet and § inches from the floor, is a ledge §i: which fs used by cu: tomers for counting and writing. Over the glass surface of the second level, a few inches higher, the money | is passed. On this level, also, is a slight rail consisting of three metal | rods, 4 inches apart, supported by ornate stanchions. Under the top on the inside of the counter is a recess lighted by electric lamps having pow- ertul reflectors, in which recess the teller may keep papers and such specie as he desires. The bulk of the funds in his charge is in @ counter drawer in front of him. The new arrangement is said to have many advantages, besides acting as a deterrent to thieves and bandits. Svery clerk in the bank can see every visitor and also all his fellow workers. ‘The arraungement also insures greater service to the public. It i3 estimated 27 tellers can work during rush hours at the east counter in the bank, whereas under the old system less than half that number could work in the same space. Modern bank equipment and im- provements characterize the building throughout. The door to the safe de- posit vault, perhaps the largest in the city, welghs 30 tons. The vault is equipped with 2500 boxes. while its total cupacity will be 8000 boxes. The money vault in the rear of the main lobby has a door weighing 13 toms. Another feature of the new build- ing will be the night depository on Fourteenth street for use of cus of the bank after banking hours. The officers of the institution will be on the north side of the lobby, while tellers will be on the east and south sides. The hookkeeping. transit and other clerical departments will be on the upper floors. Banquet Toastmaster Named. Willlam W. Spaid, possessor of “‘on of the clearest and fastest sets of thinking machinery in and around Washington,” according to the Wall Street Journal, will act as toastmster at the annual banquet of the \Wash {ngton Chapter, Institute of Banking, at the Willard on February 20. This announcement by T. Hunton Leith, in charge of the dinner, fur- nishes the dinner's best selling talk as “Bill's” wholesome wit and infe tious humor are well worth the price of admission alone. Bank Clearings Grow. Clearings of the Washington bank- Ing {nstitutions for the banking month which ended yesterday amounted to ! $112,853,441, a gain of more than $3 000,000 over the corresponding montk of last year, but a decline of approx- imately "$11,000,000 over the previous month of December, when usual holi- day requirements resulted in excessive spending. ANOTHER mGEB.WNEABA NEW YORK. June 30 UP). nouncement s expected shortly of the | acquisition of the Western United Gas | Fitkin & | & Electric Co., by A. E Co., and E. H. Rollins & Sons, nego- tiations for which began in Chicago recently and are said to be continu- ing here. The Western United Cor- poration controls the property which is' operated by the General Engineer- ing and Management Corporation, Fitkin organization. HOW IS BUSINESS? Showing Current Business-Activity Compared With Same Week a Year Ago GENERAL BUSINESS ACTIVITY for the country . oumside New York, comparsd with the seme wesk of last yuae. ACTIVITY BY FEDERAL RESERVE DISTRICTS Check Transactions compered with the corresponding wesk of lest pear Business in Dollars [Cuuds Gubed] Employment (Dwe. of Labor] . _ . ‘Wages [Depe. of Labor] . . Cost of Living [lad. Coaf. Beard] . Wholesale Prices [Faber's lsdes] . Agricultural Prices [Depe. of Agri.] Movement of Goods [Cer Lesding] Retail Trade [Fed Res. Beent] . Wholesale Trade [Fed Res. Board] Failures (Dwm4) Bond Prices (Asaiia] Stock Prices [Anni] 5 Stock Mkt. Vol. [Skure Treded] Compiled and Copyrighted by Combridge Asocistes, Beston Au-} STAR, WASHINGTON ‘GlEN ALDEN COAL IS CURB FEATURE 1 | :Jumps 6 Points in Short Ses- | sion—Bonds Prove Week’s i Surprise. By the Ascociated Press. NEW YORK, January 30.—While the market on the Curb Exchange to- day lacked the aggressive demand that developed in the closing period Fri- day, the tone continued strong and prices were well held around the lev- els reached on the recent advance. The outstanding movements were @ 6-point rise in Glen Alden Coal and a 3-point upturn in Nizer Corporation. Rubber shares were in demand at mod- erate gains. Public utilities were qulet in the opening period, but developed decided strength as the session progressed. United Light {mproved 2% points on the day, and gains of more than a point occurred in Power Corporation of New York and United Gas Im- provement. Trading in the oll shares was in re- duced volume, but the improvement made on yesterday's sharp upturn was maintained in almost all in- stances. Selling pressure, however, appeared in some of the speculative issues, which, observers said, appar- ently was due to disappointment of traders, who expected an advance in crude ofl prices in the midcontinental district. 5 Trading during the week included | many important movements and fea- tures. The greatest Interest was at- tached to the record-breaking busi- ness in the bond department, over 100 |issues being traded in Thursday. | Prices for many of those issues were at the highest levels of the vear. Movements in the various stock is- sues were irregular. Wheat Prices Advance in Late Sat- urday Trading. CHICAGO, January 30 (P).—Wheat prices developed greater strength to- day, espectally in the last part of the Board of Trade session. Indications of larger export sales North Amer. ican wheat stimulated buying of fu- ture dellveries here despite increased selling pressure when the market bulged. [nseasonable warm weather. leaving the domestic wheat area posed to any sudden cold, tended also to lift price. Wheat closed firm, 3 {to 13 net higher; corn, 1 to fy off, and oats a shade lower to % advance. Wheat: Open ) i May. new 1 w4 May. old: 1% Tuly' 0 FEes s i 7 33 3n2 @22 sowd BUTTER PRICES LOWEB CHICAGO, January | ter lower; receipts, 11,843 tub: . 443: standards, 44%: ex- sts, 4314ads; firsts, 411,842 econds, 3%41. Eggs lower: receints 534 cases: firsts, 32; ordinary firsts, WEEKLY BANK REPORT. NEW YORK, January 30 (#).—The actual condition of clearing house {banks and trust companies for the | weelc shows excess reserve of $5,280.- 1180. This is a decrease in reserve of | $20.841.750, compared with last week, wgcn excess reserve totaled $26.121, 930. FLOUR UNCHANGED. EAPOLIS, Minn., January 30 our unchanged; shipments, barrels. Bran, 26.00a25.50. POTATO MARKET WEAK. CHICAGO, January 30.—Potatoes— Recelpts, 70 cars: total United States shipments. 369 ‘cars: trading very | slow, market weak: Wisconsin sacked round whites, .95: Minnesota sacked round white, 3.65a3.80: Idaho {sacked russets, 3.50a4.00, according to | quality. ‘Three Significant i Factors Noted in | Week in Finance Bs the Associated Press. NEW YORK, January 30.—Re- sumption of the upward movement of stock prices, establishment of the highest level in several years by bond prices and the easing of time money rates to the lowest levels since last October were the most significant developments in this week's financial markets. The resumed movement of sterling and yen exchanges toward gold parity also aroused considerable inter- est D 1 Report on Brokers’ Loans May Reach Enormous Totals By the Associasted Press. NEW YORK, January 30.—Wall Street {5 awaiting eagerly the first official figures on brokers' loans which it is expected will be an- nounced by the Federal Reserve Bank next Wednesday or Thurs- day as of December 30. The com- pilation by the New York Stock Exchange {8 not looked for before the end of the week. The Street is guessing that official figures will put borrowings on Stock Ex- change collateral at about $2,000.- 000,000 based on stock market liquidation since the first of the vear unofficially estimated at $300,- 000,000. COTTON MARKET STEADY. Gains From 3 to 7 Points Made on Saturday. NEW YORK, January 30 (®.— Trading in the cotton market today meemed chiefly confined to the usual week-end evening up of accounts and prices fluctuated within a range of & or 10 points. After selling off to 19.58 May rallied to 19.65 and closed at 19 64, the general markst closing steady at net advances of 3 to 7 points Fall River cloth sales for the week were estimated at 100,000 pieces, or about half the estimated business for the previous week and the falling off in the export movement was empha- e last awaiting clearance, comp 213,000 at the same time board with vear. March, but there was little change in diffarences between monthg. Local brokers sald one of the features of the market was its apparent ability to ab. sorb spurts of selling, or to supply spurts in the demand without much change in the general level of prices. - TAPE TO DROP REPORT. Exchange Will Omit Clearing House Data in Future. NEW YORK, January 30 (®).—The New York Stock Exchange today de- clded to discontinue the sending of the New York Clearing House state. ment over the official ticker at the close of the market. The custom ‘originated vears ago when the state. ment was made public at 10:30 a.m., and had a market influence. Later, when the publication of the statement | was deferred until the market closed, the Stock Exchange continued the old custom. Tn recent years the statement been made public by news agencies and financial tickers as quickly as it was available on the ticker, and the tupc was criticized, because it slowed up the final bid and asked quotations. OWNS NOTED LIBRARY. of Emperor Maximilian. BERKELEY, Calif., January 30 () —The library of the University of Cali- fornia contains 5,000 volumes once the property of Empsror Maximiiian, Archduke of Austria, who ruled in Mexico City from 1864 to 1867. Students are permitted to take these rare books out of the buflding, and the general public has the privilege of reading them on the campus. After Maximilian's death the Hibrary reached the hands of Don Jose Maria Andrade, a famous collector. At an suction in Liepzig, Germany. in 1888, Hubert Howe Bancroft, the historian, purchased them, and in 1901 the entire Bancroft library came into the possession of the university. FOREIGN EXCHANGE. NEW YORK, January 30 (@) — Foreign exchanges steady; quotations (in cents). Great Britain, demand. 4.86; cables, 4.85 7-16: 60.day bills on banks, 4.81%. France, demand. A cables, 3.78. Italy, demand, v, 23.80; Holland, 20.35; Sweden, 26.75% Switzerland, 19.28, Greece. 1.42; Poland. .96: Jugoslav! Denmark, 24. 8pain, 14.13% 14.00; Czechoslovakia, 1.76%; Austria, Rumania, 45; Argentine, 41.37; , 14.80; Tokvo. 45; Shanghai, 75%: Montreal, 99 13-16. LEATHER PROFITS TUMBLE. NEW YORK, January 30 (®).—Tha Ohio Leither Co. reports net profit of $77.237 for 1925 in contrast to $128.889 the vear before. Current | assets were $2, ,162, which in- cludes $41,291 cash and $336,500 Gov- ernment securities. Current liabil- ities were $91,278. DIVIDENDS. Banketcka Corn A Butler Bros: .. Q $0.6! Con. R R, X7 Q 82 Colorado Frei & Tron pf... Gulf Coast Lines | Int. Comb. Ene. | Kennecott Cop.. 85,23 wpPes3%2, 2 MEFIRR e THE YEAR 1926 TO DATE ON THE WASH- INGTON STOCK EXCHANGE. Furnished by W. B. Hibbs & Co. Up to and Including, Saturday, January 30, 1926. Bales. 'BONDS. $3,000—C. & P. Telephone 1st bs. 2,000—C. & P. Tel. of Va. bs. 58,000—Capltal Traction 1st Gs.... 2,000—City & Suburban Ry. 1st 5s. 11,500—Georgetown Gas Lt. 1st Bs. 9,000—Pot. Elec. Power 1st Gs. 23,000—Pot. Elec. Power Cons. 5s. 1,000—Pot. Elec Power Gen. & Ref 700—Pot. Elec. Power Ref. 7s.. 32,600—Wash. Gas Light Gen'l 5s. 20,900—Wash. Gas Light 6s.. 30,600—Wash. Ry. & Elec. Cons. 4s. 4,000—Wash. Ry. & Elec. Gen. & Ref. 3,800—Wardman Park Hotel 6s..... STOCKS. 578—Capital Uraction 1,292—Washington Gas 50—Wash. Ry. & Elec. Com 866—Wash. Ry & Elec. pfd. 401—Pot. Elec, Power pfd I 100—Pot. Elec. Power int. recelpt: $6—Commerclal National Bank 53—District National Bank... 196—Federal-American National Bank 10—Liberty National Bank 10—Lincoln National Bank. 10—Metropolitan National Ban 10—Riggs National Bank .... 6—Washington National Bank . 98—Amer. Security & Trust 35—Continental Trust .. b 30—Merchants Bank & Trust . 35—National Savings & Trust . 304—Unlon Trust .... 20—Federal Storage .. 888—Lanston Monotype 277 2-3—Merchant Tfr & Storage. 1561—Merchants Tfr. & Storage pf 669—Mergenthaler Linotype ... 1,790—National Mtg. & Inv. pfd. 1—Security Storage .. 40—Washington Market Low. 100 97% 981, 8 9514 100 997, 1074 Open. 100%% 973 99 £ 514 100 997, 107% 106 100 . 103 . 80 1028 102% High. 1004 981 100 86 96 100% 1001 1075 1061 100% 104 80% 108 105% 1045 73% 225 905 108% 105% 208 233 352 209 300 385 a2 285 390 105 1856 460 223% 101 8434 116 101 194- 9% 400 52 106% 74% 228 91% 1093, 108% 215 238% 390 209 300 385 432 285 403 105 160 480 230 102 25 126 104 218 9%y 400 52 'd UNLISTED DEPARTMENT. 53—Chapin-Sacks 8% pfd... §—Raleigh Hotel 10—Northeast Savings Bank .... 100 102 1003 102 16 % a6 sized by the private figures showing only 152.000 bales of cotton on ship | The late advance here was led by | | practice of printing it on the ticker University of California Has Books Demand—Bel- { cows, choice to fancy, pound. 4 to 6: (., JANUARY 31, 1926—PART 1. MANY FARM CROP | PRICES UNDER 1925 Potatoes, However, Are Three Times as High—Corn, Oats, Rye Cheaper. By the Associated Press. Farm prices of all crops, with the excaption of hay and potatoes, were lower on January 15 than for the corresponding date last year, accord- ing to the Department of Agricul- ture. Corn prices were 38 per cent below last year; rye, 30 per cent; barley, 28 per cent; oats, 27 per cent; cotton and cotton seed, each 24 per cent, and wheat, 2 per cent. Potatoes were more than three times as high as last year and hay prices showed a gain of 5 per cent. Live stock prices were higher than last year, hogs showing an increase of 18 per cent; milch cows, 13 per cent, and beef cattle, 12 per cent. The farm price of corn continued downward in January, the department sald, while wheat, rye, oats and bar- ley were slightly higher, as were ltve stock prices generally. Eggs | were much cheaper than in Decem- ber, and butter showed a slight decline. ADVANCE DURING YEAR| Agriculture Department Report Shows Steady Gains in Worth of Farm Animals. Live stock on farms and ranges in the United States had a total value| of $5.001,297,000 on Januarr 1, this| year, compared with $4,685,021,000 on that date a year ago, the Department of Agriculture announced yesterday | in fts annual estimate. | Horses and colts numbered 15,778, 000 and were valued at $1,026,905,000. | Mules and mule colts numbered Wolo.ooo and were valued at 3469,357.—1 All cattle and calves numbered 59.. | g:g,oon and were valued at $2, 97,510.-“ 00, Cows and heifers, 2 years old and | over, kept for milk, numbered 000 and were valued at $1,278, o Heifers, 1 to 2 vears old, being kep for milk, numbered 3,861,000, valu not_given. Sheep and lambs numbered 40 000 and were valued Swine and pigs numbered and were valued at $779,348.00¢ STEEL DEMAND SLOW. Weekly Review of Sales Is Consid- ered Disappointing. NEW YORK, January 30 UP).—The demand for steel during the past week was moderate compared with the vol- ume of business at the close of the | old year, and the rate of sales during January, as a whole. was disappoint ing. Buyers seemed to be walting developments relative to prices, but| efforts to secure concessions met with: little success. Production was large. | however, and shipping instructions during the week showed Improve ment, while prospects for new busi ness continue bright. Pig iron was quiet. awaiting fuel developments. but prices were firmly held. German iron was offered more freely at the seaboard. . Copper was qulet, with continued| absence of export interest, which en- | couraged a very conservative policy among domestic buyers and recent purchases appeared to have supplied immediate requirements. BALTIMORE LIVE STOCK. BALTIMORE, January 30 (Spe- cfal) —With the exception of Spring:| lambs, which are in light receipt and in good demand, the live cattle mar- ket rules easy under generally fai receipts and demand easily satisfled and centered on first-grade stock. common to ordinary as well as rough cattle, slow sale at the lower values quoted. Receipts generally light, both on the wharves and at the stock vards. Quotations today at Light Street Wharf: Beef—Cattle, first quality, 9 to 10: common to medium, pound. bulls, as to quality, pound. common to fair, pound, 2 to 3; oxen. | as to quality, pound, 4 to 6: milk| cows, cholce to fancy, head 50.00 to 75.00; common to fair, head, 30.00 to | 50.00: calves, veal, choice, pound, 14: | ordinary to medium, pound, 11 to 13 rough and common, pound, 8 to 10; | small culls, pound, 8 to 10. Sheep—Choice. 6 to 7; old bucks, pound, 4 to 6; common, pound, 2 to 3; lambs, Spring, choice, 18: fair to good, pound, 13 to 15: common, thin, pound, 8 to 10. Hogs—Straight, pound, 12 to 13: sows, pound, 8 to 10; stags and boars, Tb. 6 to 7; live pigs, pound. shoats, 12 to 13. NEW YORK FLOUR PRICES. NEW YORK, January 30 (P).— Flour steady; Spring patents and hard | Winter straights, 9.10a9.50. Rye easy: | No. 2 Western, 1.18 f.o.b. New York, | and 1.16% c.if. export. Barley steady: malting, 88%as9% cif. New York Buckwheat unsettled; Japanese, 1. American, 1.85; Canadian, 1.67%al. Ritz-Cariton Cloister at Boca Raton (Florida) invites guests this February. Exotic in beauty; luxurious in appointments. At the water’s edge under Southern skies. Send for illustrated booklet ™izner Development Corporation M BEACH, FLA. SEY BLDG. GENUINE SHUR-ON FRAME AND FINEST QUALITY TORIC BPHERICAL LENSES FITTED COMPLETE EXAMI FREE BY OUR REGISTERED OPTOMETRISTS Genuine Toric KRYPTOK Invisible Bifocal Lenses First and best quality, Toric KRYPTOK Bpherical Bifocal Lenses— (one pair to see near s 7 50 and far). Best lenses made. Sold regularly, s $15 to $22. . = EYES EXAMINED FREE 617 Seventh Street N. W. SPECIAL PRICE—Monday and Tuesday MOTHER :~Fletcher's Castoria is especially relieve Infants in arms and Children all ages of Constipation Wind Colic To Sweeten St Flatulency Diarrhea Smach Regulate Bowels prcpercd to Aids in the assimilation of Food, promoting Cheerfulness, Rest, and Natural Sleep without Opiates To avoid imitations, always look for the signature of ZotS Tt Proven directions on cach package. Physicians everywhere recommend it. R Y L 2 R 27 272 B P 2T T2 Rosslyn, Va. T I LI L IO I I P TI I T rrr2s Insure Your Home Against Both Heat and Cold Enables you to do it at practically no extra cost. Celotex Insulating Lumber in walls and roofs makes the home uniformly comfortable from the ground floor to the attic in all seasons of the year. JOSEPH L. CRUPPER CORPORATION LUMBER West 2529 e 2 L L2 T 22 22 T2 7