Evening Star Newspaper, December 30, 1926, Page 12

FINANCIAL. e s OYSTERS SCARGER IN GENTER MARKET BY WILLIAM F. ing that today’s se: HEFFERNAN. sion NEW YORK, December 30.—Realiz offered the THE EVENING STAR, WASHINGTON, D. 0, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Tubacco merger and the expected an- nouncement today as to how United Cigar Stores is to figure in the com-| bination caused an active demand for | COTTON ADVANCES ON FOREIGN NEWS ant MEN AND MONEY v M. S. Rukeyser. (Covyright. 1926.) Business is largely an organized at icipate the demands THURSDAY, . DECEMBER 30, 1926. velopment will be heightened by the disposition of European investors to buy back their own dollar bonds is- sued in the market. The long term outleok is for a gradual return of Kurope's ability to finance its own needs to a larger extent. Prospects of Reaction. ourthly, with speculative security of | prices on’the average at or near the FINANC are like- al during campaign for the presidenc: 1y to become Increasingly voc the year. In general, present conditions fore shadow widespread business activity in 1927, but exceptionally keen compe- | tition in the struggle for profits. THE BUSINESS OF GETTING AHEAD. TAL. to those desirous of keeping down imposts. The alleged profits from speculations lin undeveloped land are frequentls more apparent than real. Suppose a man bought a_corner lot in 1514 for | $1,000 and sold it for $2,000 in 1926, e would probably be thrilled with the idea that he had made 100 per { cent profit, forgetting that he had lost the earning power of his money for | | tempt to best 1 counts people for merchandise and services, As the nmew year approaches the business men of the country habitu ally take inventory of their opinions and expectations, The Nation is deluged with the ad- ce of shopkeepers, acturers and bankers. who temporarily essay the role of fortune teller. It would be cruel to look back and check forecasts with subsequent events. Actual de velopments are rarely wholly bereft of opportunity prepartory with boc element gaged for evening up ac to beginning the | clean, the speculative on the Curb Market was en in the taking down of profit which had accrued during the past | few months. At the same time it was noticeable that a good deal of selling | for the purpose os cstablishing tax [ Tosses was in 1 s in issues which ure of ovstermen and fishermer 5 . Faitur | were down considerably from their kin at work during the Christ- | Lo e O sutted In a | Bigh prices, established earlier in the 3 products at Mu- | vea Oysters were| The result Y e higher | movement of o e g iplentital ter part of the dealings, with of e ngs_aquite persistent i the fir BHman 08 or . L S OF MBS S it Erf e Rl The anar ket yesterday mads fts appear- ance and servec check to any ma- terial decling night have re sulted, Overnight publicatic under which Seb ulte {10 be included in the Union and United shares, which were | 1 up a half point to' 8915, Large | Phillip Morris changed | hands at rising prices. It is generally lieved that this company will | \v @ prominent part in the proposed ombinatio With t! 12 ars. If in 1914 he had bough: x securities returning 6 per cent and Undeveloped Real Kistate. |had had reinvested his income he Astor family's successful in | wwould huve beer equally well off, lea New York estate | ing out the additional expense of taxes classic example of the |1 real estate buying patch of the 1 holding on to it as alue as the country peak for all time, the prospects of sharp reactions during 1927 must be recognized by every prudent observer. | . When and if after renewed periods. of | " widespread _speculation by the un-|vestments in tutored public the stock market ulti- | constitute mately gets into a weakened position, of as it may during the forthcoming # : 12 months, the price structure will [earth’s surface wo doubt once more hecome subject to sudden raids, superinduced by panicky | grows. selling and excitement. As long as| Many of the silent rich, with widely credit conditions remain unchanged | diversified holdings, watch the fam there are likely to be rallies from |fortune grow as rapidiv as the famil sharp declines. This probability sug-|itself. The net resuit in such gests the danger of trading with pri | that each descendant is as wealthy near top levels thus far thin mar-| the der of the fortune. provided | gins, which can readily be effaced mu,,m ratly doesinot multiply 160l sudden short-term shifts. On the [papidly. This result was the effect other hand, there is nothing on the |a rising value of res (@ Dicne economic horizon to indicate that the | tionate to an increase in tha popu! recent rise is merely the prelude to a | tion nearby protracted bear cycle of major| peter Minuet is generally credited proportion: with having made an astute deal in The stock market likely to be-|having bought Manhattan lsland from come increasingly selective during the | (he Indians for $24 forthcoming months, with investment | rmhegs general statements are all | stocks, in_ which the dividend is trie; et they: ore frequsntiy used by sured in favor. Moreover, securities | vayjers of undeveloped real estate companies that can continue to | g0 M0 T LIECNE TR make high profits in spite of Browing | inwise rommitments. | competition are likel favored. | 2 : g Depression-proof indus like the | Fraught With Risk. | The pure of undevel tobacco, 5 and 10 cent store, ice and heap shoe, are likely to receive spe-|egiate is always fraught with business risk. Christmas Holiday Cuts Work i of Tongers and Supplies Bring Good Prices. Cold Weather in South Also Has Bullish Effect on Prices Today. ve also real a NEW FIRM WILL GUIDE FINANCE COMPANIES o | American Rediscount Corporation Patterned After Federal Reserve System—DNot Connected. s out in the form | wisdom a extradividend art, selling_came et for the stock. Lower established by ny of affered good ed to work Horn into the x prices | the oil resistance and we | higher in the late ding. This was true Humble, International e tro! Ohio Oil, Carib Syndicate an ma the lower priced independents rv-El Corporation 6s, after chang at 80, broke to T New had 4 sharp run-up, while of high-priced industrial were selliy to s for (he year was t shig Progress L it appreciates in 0gT By the Aseociated Press NEW YORK, December ~30.—The | r i o o oy | the element 6f surprise. And cotton market opened steady today at | gynamic man of business cannot advance of 7 to 10 points in ford to sit back and wait for events to relatively firm Liverpool | to pass by. He must take a position cables and reports that while the |Being on the fence involves stagna- weather was clear in the South, it |tion. was too cold for much progress in| American business men in the last picking. seven years through better manage- ‘dditional Junuary notices were is. |ment have learned how to reduce the od. pausing a litie lquidation and | Sheculative element in business. They Slight widening of the differences |have to a degree cut down their de-| ciween Jantary and later months, | Pedence on soothsayers. The methiod | 4 e ot ava TARRIEL DSl kient wen the widespread adoption o B e Seera ) market held steady. o |bandto-mouth ‘buying. This system buving here for vontine: rccount. | of buying for near term requirements | et e S instead of far in advance has the ef IiET mall ol 95 and July | fact of keeping the astute business to 13.27 and prices held within 2 or 3|, ready to meet any sudden cha phmt o s e the end of | in economic conditions. Unfortunately g e Lo this system keeping production New Orleans M closer 1o the time of consumption can- | 0 Obio NEW ORLEANS Vacuum . Ot The cotton market opened firm here not be universally applied. It has no | aning at all for the most important | BONDS today, with first trade showing gains of 6 to 10 points o cconomic activity carried on in |cial considoration. On the other hand, | the country, namely, farmin | there will be an increasing sea It Prices continued up |te 3 opening until January tr Sta | vulnerabic Stand Out. 7 to become | 1 March at 12.86 and May | "Firthly, busine lincreasingly competitive, with the do- (“g; ) 12 points above vesterday's close nn»\m‘ -kljl'\w le hvml}l"';"*y!‘"l“' {18 a luxury, which those without his advance led to profit-taking b reased foreign manufac s Ibacklog of income producing secu recent buyers, and safling unl,‘-l.-‘\;»..v.’{‘c This situation may increase the num- | jec eannot aftord. " b for continued good weather. At the | ber of business tailures and stimulate | "t quveloped end of the first half hour prices had | the tendency toward mergers. It will |0 '6¢ 1 hings, affords no curren P b e b e also encou the development of | ooma™ 110 act! it is an ex 3 R ientific management and the elimi- | oW it ohitlaye Tor Liverpool Quotations, tion of waste. THe iotid b b RP( ecember . . prides 4 e Readjustments Likely. the expectation that the 1 Cotton, spot, hetter demand; fmp years will bring substantial incre Jusiness; _prices steady; ~ Amer be in price. That these expectations are middling, 7.90: good mid- not universally fullfiied was demon. ; strict middling, 7.25; mid 0 strict low 6.40 strated to the country recently in dra- P o |m(1xl]mt‘ ! Sl o | matic manner by the collapse c middiing, 5.85; strict goos ordi-{able In abundant supply to meet al Florida lu xw boor A\ ‘: pvér : good ordinary, 4.85. Sales, | the legitimate needs of industry and a here American, | commerce. From a technical bank- woom conditions individuals b | Receipts, 45,000 merican, 20, |ing standpoint, there is still far more [y past records, which set a breakneck | jp. profit instead of SRHAS Tor da 100, Fu December, | danger of inflation resulting from an excessive supply of credit than of a speed for sales manage i | velopment or for a long-pull specula o h, 6.81; May, Seventhly, wage levels are likely 0 | tion, you mmy be sure that unhealthy | 6.9, ,97.07. development of money stringency. This statement fs made in spite of remain staple, with little chance of | conditions exist, . T the fact that the country can no| | Washington Stock Exchange general further wage increases, al-| though some groups which are longer confidently count on further SALES artificial easement through continuous p—s Mar It was a very irregular an sl o boe prices throughout the frozen meet Vish arly but to nicipal part today, enough food. Dealers said the supply of oysters was scarvely large enough to meet demands 5 and $2.50 a gallon The holid. oysteriien, cording 1o reports, week it is expected there will be cided increase in receipts January 1 will mark the opening of the season for shad and herring, and local dealers have arranged to have supplies of both fish on hand from Flovida. It is said the of other | sgres in fes do not prevent sale and posses- | hundre. n of the two ish before | Al Pos pid.. January 1, and that such fish ure now T on sale. un ny of the Jersey Zinc the tendency | specialties wh 1 of the terms - hest pric Retail Stoves is further Union and United ady which B JeoRs By the Associated Press. NEW YORK, December 30.—Form tion of the American Rediscount ( ation, patterned after the Feder Reserte System, but having no cor tion with it, was announced yester safeguard and guide ~credi finance companies in financing ma chinery, automobile and other equ | ment sold on the installment plan. The corporation has been chartered ander the laws of Maryland, with s thorized capitalization of $31,500.001 and its operations. starting Janu 5, will be conducted through the Cry ration of America ganized under the State of New York At the head of the tion will be Lawrence at present er of Reser Bar of New will have an dvisory bankers in various par try Morgan J. O'Brien wiil be ch: man of the advisory committee The corporation was formed after s survey in 34 industries during the last vear by the advisory commi on finance and industrial ecredi which found, it was s ed, that stallment les in many indust re advisable and necessary and that “it was vital to increase don tic sales in such industries in order to n T tain the present status of nationa prosperity.” It has also found evidence of abusa | 1'? uh» method of deferred sales, whick b 2 Rl akn allowed to continue, will res Examine Offerings Carefully. | losses to the public, banks and The great real estate development|credit finance — companies - which, in this country in recent yvears—with | eventually may undermine the presar the marked rise in values—has en-|system of mass production and q couraged various shyster Jand selling | tity sales schemes in the vicinities of great cit Land offered in high-pressure selfing campaigns should be carefully examined and checked by rigorous in w the a de to Following is i | | stocks traded in on | Curb Market today { NDUSTRIALS bonds New the L dist 4 u ¥ > to Y at of of to make | et December 30 (). O Nebh n l QNJT pecies of Am Arch Co Am Cizar Am Cyanamid Am Cyanamid Am Elee 17 Am 16 am 1am 7 An is never a safe investment s potentially a hazardous specula- W 1050 & Ei s 104 Lt a5, 101 103 4 Shad Appear Soon. Both shad and herring that wiil be offered Suturday will be fresh caught and not zen, and it is expected that roe shad will bring about cents and bucks about a pound at the opening of season Herring will sell at cents a pound Municipal Market will remain Saturday, making it possible for sumers to get the two species of the fi Y of the seas ! Rockfish from Chesapeake Bay, and vellow perch from the vicinity of Quantico, Va., were offered this morn ing at 25 cents a pound., and dealers are expecting shipments of white fish and yellow pike from the Great Lakes. Frozen halibut and salmc quoted at 25 cents, trout, s croakers at 15 and butterfish cents a_pound. Price$ of mo: commodities this morning were same as prices quoted yesterday. Today's Wholesale Prices, Butter—Fancy, one-pound prints, B9a60: tub, 58a59: store packed, 38. | “resh, selected, 48: hennery,, current receipts, 45a43; storage. ard after tha | ded at 12 13.04, or 11 Signposts As we enter 1927 stand out as a guide to business ex ecutives and investors, | The extraordinary productive power of the Nation's plants assures an ade- quate supply of merchandise, and isiness men in general will do well continue ent policies of buy- ing for short term needs, relying on an_unprecedented it transpor tation system for qu liveries. The idea of keeping large cash reserves | also seems the part of wisdom Secondly, there is every evidence that money and credit will be avail 1051 1013 10074 103 101 % recently banking act of the n 3 certain signposts 10Am Po & Gam Sea » Am Threa asing undeveloped real estate new " 2 organiza endricks. ederu and hoard s of the ¢ to 40 cents the 10 1 Av i Apa al estate, in the na P in Rotina 3 Seat vic Superp A oper ge 1 to b sish et LIV Cotton, | i | P v 30 d verbo vic pf, i ks Va G & E 10415 Borde: 2 Botany Con some Many mod- ding Sixthly, there is likely to readjustment within industries b ver aticipate at least a erate slowing down in the bu trades, which for several vears has been abnormally active he auto- motive trade will be challel £ood M i i Com Jaom A g Cont Lea n p Wi 13 Cont Pip "ol Comw B C 1. “oheol Dairy 7 Cons G Bali 1 5 Cons G Balt ris! 3 Coneol. Laitd 3 Courtlaufis 1 13 Clrtise Aero 3 3 Curtia. Pub, i Curtis Pab wid G be For R ¢ Ve 1 De For 24 Dabilier 3 Dunhi Durant Mot 3 Dliz "o " Ao 3Duz Co JE'Bond & Sh i 10 DEI B & Sh n eor. 7 3 El Invest Ine. “ P&LA2d i AL Est Welta Cor ‘A 7 Estey Welte C B, Fageol Mot Co.. Fajardo Suz Co.. % Fed Metals T © pns Pub 6% < ont Cor Ani duhv G Det City G ¢ A Det City G B Duke Pr P 63 A were ts and at 18 other the {106 ba 100 | 106 % | 10014 ! 1041 B ut of line are likely to be raised. Eighthly, Ruropean demand for gold imports. Many specialists be- lieve that there is more likely to be Georgotown Gas American_ cotton, copper, wheat and net exports of the precious metal dur- | Capital Tract. 3s 100, $1.000 at 100, Wash. R. & $2.000 at 831, Capital Trac 1047010 at 000 at 0815 30 at 100, 000 000 8314, | 20 atl 10 at s at 5155°B Ina’ Limaston s Ind O & G 65 Ind P & L 6 A -10 at 10 “at e SILVER QUOTATIONS. 1047 NEW YORK, December 30 . Bar siiver, 54%; Mexican dollars. 4 alive—Turkeys, 40; : White Leghorns, rooster: old, 30. fancy, chickens, old, 35a40; « 101 | G L1 oung, | Dressed, turkeys, | heavy, 47a48:] 7a28; kea rabbits, No. Young, 50a60 45a48; smaller, 4 L 10 at old. b0 capons, 2 FEPE OIN THE CHRISTMAS SAVINGS CLUB OF THE | FEDERAL-AMERICAN “Everybody’s Doing It” :"f\ ';»‘ffif ’:‘ a6 at' 110 AFTER CALL Wash, Gas, Lt 10,01 Waeh, B o Wash. Gaz 6 000 at 103%. Money—Call loans, nd 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. ople’s Drug s other foodstuffs is likely to rise with improving economic conditions ov ing the next six years or so. | Thirdly, the outlook for an abun-| Ninthly, France and Ttaly are likely | during gests no substantial check in the|movembent toward hard money basis | dependent investigation by ¢xperts. strength of high-grade investment {and to formally bilize their curren After the rise in recent years bu | been steadily declining in recent y {even chance of French ratification of | challenge toward present prices, which and capital in search of *high interest | the debt agreements with the United | in somte districts seem inflated. - the foreign field. Unless some unfore- | Tenthly, business faces no prospects iy selected and risks are thoroughly 15 Ford Mot co Cain 4 seen political incident develops, loans | of serious interference in the matter | diversified, are primarily suitable for 3 Free Fisem B C: 9 Freshman Chas. 10 Fulton' Sy1 wi.. 18 Gen Bak A 36 Gen Bak B 14 Gillette § R 3 Gleagon Prod € % Gobdl A Nar Pns 1%, Pow 114s D Ohio Po 5s Ohio Riv P 19 —$200 at 7% at’ B3y, veal, 22a23; Jamb, 25a27; fresh hams, 24a26; shoul: 21a23; loins, moked hams, moked shoulders Live stock-—Calves, choice, dium, 23; thin, 6a7; lamb, 13. Fruit and Vegetable Review. Today’s market report on fruits and vegotables, compiled by the Market New Service, Bureau of Agricultural Economics, sa: Apples—Supplies liberal; demand light, market steady; barrels, no sales reported; boxes, Washington, medium to large sizes Delicious, extra fancy, 2.00a2.25; bushel baskets, Maryland and Virgin 1, me- dium to large s Cabbage—Supplies _moderate; de- mand moderate; market steady; old stock, New York, bulk, per ton, Dan- ish ‘type, 35.00; mew stock, Florida, 13 -bushel hampers, pointed tvpe, 2.50; South Carolina, barrel crates, ap- roximately 100-pound, round type, at eas. dant supply of capital and credit sug- 1927, to follow the general sues. The wages of capi {cies. There seems to be a better than should maintain an attitude of rates has been going increasingly into | States and Great Britain. Undeveloped real estate, when wise ‘ : abroad should continue on a large |of national legislation during 1927 |individuals and families of means scale in 1927. As Kurope gets on its feet, however, the wide disparity be tween the vield on foreign and domes- tic bonds will be narrowed. This de- Political risks are not causing husiness leaders much concern, in spite of the fact that the criticisms of the admin istration, as a forerunner to the 1 which can afford to forego present in- | {come in the hope of future profits. | When income taxes are high, such a | use of surplus funds seems attractive | $2 14; me- . Grand Store 4 Hazeltine Cor .| 4 Hevden Chem 5 Hires Ch A 5 Horn & Hardari pal To Can or Silver " 10 Intern_Utit B 1 Johns. 15 Johns-Manv n’ wi § Johne-Mar, of wi 1 Land Co Fla .. 68 Leh Pow n 7 Leh Yal ¢ % Leh Yal C 1Lib McN & 2 Marmon Mot SON Yok ¢ Sun Ol Blge. BSwilt & Co 55 . Transcont Ol 74 Ulen & Co 61 Ol Prod #e i R of H 738 i Ind 61 59 116 &P, Tel, of Va. [ Cap. Traction R. City’ & Suburban Georzetown Gas Botomar E Potoma b . St Union T 58101 1 Salesin FOREIGN BONDS thousands ~6 Baden Te . 4 Buenos 1007 Mesabi Iron ... Mohawk Hud Po Mohawk Val n. Murray Bdy n wi A A Diversified List For January Investment WE offer for January investment a"widely diversified list of sound first mort- gage bonds yielding 5.75 to 6.50%. We suggest immediate selection and prompt purchase or reservation, as in many of the following issues we have only limited blocks and the demand is heavy: LEGAL FOR TRUST FUNDS IN NEW YORK Wash TWBEEUR G it 1 Burm & Wain 65 5 Coata Kica 7n wi 3 Danisn Cone 11 Denmark 15 e St Pras 15 10 Ger Cona B 166 1 b 13 e Cone Hin LA L 78 pt1 s Nat Pub Sor A Nat Pub Ser B! Neisner Bios . ‘\elmpr Br pf . Tel Co pf. . |'-« Bem °nd n orih O Po v C MIS Chevy Chase Club | Chestnut Farms I 1D, Supplies moderate; demand market firm; California, some fair condition Supplies liberal; de Jight, market dull: California, o Iceberg type, 4-5 dozen, 2.502 zona, crates, Tceberg type, 4-5 dozen, 3.00a3.50; Florida, 11;-bushel hampers, Big Boston type, 1.50a2.00. Onions—Supplies light; light, market steady; Michigan, pound sacks, vellows, U. S. Ne. Inrge size, 3.0023.10; few high as 3. (hm, 100-pound ‘sacks, vellows, U. Na. 1, medium to large size, 2.75. Potato Market Steady. Potatoes—Supplies moderat roand moderate, market stead; gan, 150-pound sacks, U. No. 1, 4.50a475; pound, sacks, Green Mountains, U. No. 1, 4.90a5.00; 120-pound Green Mountains, U. S. No. 84.00. Strawberries—Supplies 1 mand ht, market steady: pony reffigerator, Missi Per quart. Pepperg—Sunplies light: demand slow, market slichtly weaker: Florida, pepper crates, fancy, 4.00a4.50; choice, 3.50. tring Beans—Supplies light: de- mand good and market firm for good stock; Florida, 7%-bushel hampers, green, mostly 3.00; considerable or- dinary quality, mostly around 2.00. Spinach—Supplies ~ moderate: de mand_light, market dy bushel basket avoy type, 1.00a1.10. Sweet Potatoes—Homegrown sup- plying the market: shipped-in stock, 100 few sales to establish market. moderate, . crates, 5.50; Southern BIdK. Wit Mk, Cold Storage Wardman Pak Hotel 5 Rrups Fried b STGCKS. Tietz S 7V, - by L " S &) 108 . PUBLIC UTILITY i gl & Telia Dot 06 : Penn Gas & Penn Oh Sec 3 Pean On Sec Philip Mor Pillsb FI M Ti Pittsh & Lake Pratt & Lamb C 53 Porct & “Gamble 173 P Rud Co pid. . 10 id K Bur n Rem Noisel TCA Reo Mok, . Rep Mot Tr vie Rickenhack Mot. Serv El Corp. Siliea Gel v demand | 100- 1, war 1 Riss Gove 1 IRLG G N 5 Sanag A 26 Sax Pub W 61, 168 & H 8igs 1 I Sol & C l," ‘341 450 Hambite 20 (Hn Huu. e 4 5 T I& f &'k & Elec. NATION | cational_Capital. Conimby Cour AL BANK Rwy Wash. Rwy Priced to Yield % 575 575 3.75 610 Park Ave. Bldg. (Mayfair House) 1st Sinking Fund 6's 1088 Park Ave. Apts. 1st Serial 6's Weylin Apt. Hotel 1st Serial 6's LEGAL FOR NATIONAL BANKS Eastern Terminal Off. Bldg. (Graybar Bldg.) 1st Sinking Fund 61's Leasehold The Chicago Builders’ Bldg. 1st Serial 6's Leasehold Edw. Langer Printing Co., Inc. 1st Serial 615’s Fee New York New York New York 601 s Mechanics ican RS 3 Libert: Lincoln Fepts P&Lu. . ] Second Nat. Bank of Washington. TRUST COMPANY Com P Sud Pub € Mot wift Intl mken Ax Frod Export Ship, fl’l‘mn! Lu Pict A Tub A S B vtc. 16 " 1 Lamp. Uni Biscuit B Tni G Tmn C. 127Uni L & P n'Al 38U & U Tob. . Ul P& L vie B 5 Vic Talk Mach 29 Warner Brox Pic 1 W Dairy P_vte B 3 Wes O & Sn nfd 1, West Pow pfd 1 White Sew Mach 2Yel Taxi CNYN Sales MINING STOCKS. in hundreds. 10 Ariz Globe C... .06 1 Calaveras Con.. 5 4 Con Cop_ Mines 60 Cortez Sitver. . . 1 Cresson _Gold! 10En Gl M Ltd 1 10 Fure' Croesgs alcon in 60 Pt Thoient Golden o 10 Golden State 1 Hollinger 10 Jerame ¥ Teve Copper Cor. . NEW YORK PRODUCE. BW YORK, December 30 (Special), i trading was more active un. der light receipts. New ¥ork State golden self blanching in the wholesaled $1.50 to $3 per 1\ur<)md crate. California, large ()"IV(“* $5 and as high Florida, 6575 Amierica Continental Merchants, Lank National, Savings & Trist. Union Trust. Washington Loan & Tris New York Chicago New York SEASONED ISSUES REDIjCED BY SERIAL PAYMENTS Westinghouse Bldg. 1st Serial 6’s (Fee and Leasehold) New York Hotel St, George 1st Serial—(graduated coupon) Brooklyn Bu Bldg. 1st Serial 614’s Chicago Schenley Apts. 1st Serial 614's Pittsburgh COMPLETED PROPERTIES Court & Remsen Sts. Off. Bldg. 1st Sinking Fund 6’s 60 Park Place Off. Bldg. 1st Sinking Fund 6's (Fee and Leasehold) 65 West 39th St. Bldg. 1st Sinking Fund 6’s One Park Ave. Bldg. 1st Serial 6's Kansas City Athletic Club 1st Serial 615's Pittsburgh Webster Hall 1st Sinking Fund 6" Point Bldg. 1st Serial 6 1% 4K SRARS R T e mmerce & Savings. shington ¢ S & Co s ¢ Savings Seventh Street od Stateh, By ashington Mechanics FIRE INSURANCE 200 Dite the light arrivals of bar- reled apples, the market closed rather dull as a result of the limited demand. At the Barclay street pier western New York grade A 21, R. I. CGireen- ings jobbed out at §: to $4 per bar- rel; McIntoshes, $6.50 to $8.50; Hud: on River A 2%-inch dwins, $3 to $4, and Northern Spys from $4 to $7. Western New York cut carrots, $1.50 per 100 pounds. Bulk Texa new crop bunched commanded $1 per bushel basket. Onion supplies e FISR American Firemen's National 3 2535 5 TITLE | colmbia Ti . Real Estate Title.. Title Inv. of Md MISC Paper pld -Americ merican ¢ INSURANCE. *10% o180 53 o 6.00 6.00 6.00 6.00 6.25 5.90 5.90 Brooklyn Newark New York New York Kansas City Pittsburgh Pittsburgh BUTTER IS HIGHER. CHICAGO, December 30 (#).—But- ter—Higher; re 4,651 creamery, ext standards, extra firsts, 48 ] 4415046 2 Eggs—Unchanged; | have been rather abundant, and in consequence the market ruled more in the buyers' favor. One hundred-pound sacks yel low onions from Orange County peddled out around $3. Western New York offerings seldom showed quality attractive enough to exceed § The demand for State cabbage was | again_only moderate. Jobbing bust ness from cars on bul white was transacted chiefly around $30 per ton. Price changes on upstate white po- tatoes were small and unimportant, Receipts were limited, but demand was extremely slow. Round whites in bulk jobbed at $4.75 to $5 per 150 pounds and sacked offerings $4 to $§4,10 per 150 pounds. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs &40 i i Nominal Sclling checks gold valne ipts, 0; nts’ Tran. & Stor. pid haler Tinotype e, & fov. pid. Drine Stores” pti. Storage 0 Mariet : oo Mtee: €0 coni’? A & Lothrop n *Ex dividend SHORT-T TEBM SECURITIES. Y (Reported by J. & W. Seligman & Co.) —Noon.——, Bia Offor, Norands . 10 Ohio Cop mo Mines mouth . M 10 Reorgan West . 70 Stand Sily Lead. 2 Tech Hughes . ]uTuuux‘:nh Fxt 14 Utah Apex Sales INDEPENDEN | in hunareds 0 Am Con Oilfids. 13 Am Maracaibo € 3 Argo Ol 116 Beacon Ol 1 Brit-Am Oil 20 Cand 37 Carib Sy 10 Cit Serv n 1 Cit Ser RUBBER UNCHAN GED. NEW YORK, December 30 (Special). —Crude rubber was unchanged at noon today with quotations at 39 as compared with 37 last month and 93 last year. BONDS TO YIELD 6.25 TO 6.50% Thornycroft Apt. Bldg. 1st Sinking Fund 6Y,’s Lincoln Hotel Properties 1st Sinking Fund 61's 616 Madison Ave. Apt. Hotel Bldg. (The Madison) 1st Serial 615" Shelton Apt. Hotel Bldg. 1st Serial 6%4's i Adirond. P. & Lt. Co. 05 4 Alum. o of Amer. 7 Am. el & Tel, Co da Copper Ge Scarsdale New York New York New York 6.50 6.25 6.25 6.25 SRE3% P Ail, & St Paul 08 1 M Lyon Gs 1934 Columb. G. & E Continent s Goodyear FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Bid Call at our office and discuss January investments with one of our officers or, if you prefer, write or wire us at our expense. Mention which class of securmes most interests you and specify Closing.) Approx. forahey Chie. S umble O/l s Gae Co. orris & Co T Alrbraie’ 160 65 1075, New York Tel. 6s 1041 Oregon Short Line 4x Fenna. R K. 35 103 London, pound S 8365 Montreal. ol Paris, franc.. s franc Berlir ‘mark | Rome R i Jumbia Syna g s Royal BE ) T « Ci Crown Cent Pel 1 Dert « « i BOOKLET 445-G S.W.STRAUS & CO INVESTMENT BONDS INCORPORATED 929 F IFTEENTH STREET Telephone Main 5847 WASHINGTON b 4 R i 1l Gibson_ Oil - Cor 1f 0l of P rov Pet ... Leonard Ol Lion 0il Magdal 100 Mex 01l 1 Mex Panice . ount Prod pescta. Crown: | Budnost. | Prague, ert Warsaw, *zlot Copenhigen, cro; Oslo, crow Stockholm, Special Dispatcl to Tre Star, BALTIMORE, | Bastern Shore G | Laurel, Del, advised | servic commission that aflter { January 1 it would begin construction ¢ )0 | of a $2,000,000 power plant at Vienna, 0 Caimberls ) Gal ik O 113 5 { Ma £,0 vid oid a0 607 1" The plant will replace the plant of ls OuTe B 61 % | the company at Laurel, Del. Its lo T00 11 P 1. 1 cation Vienna, which is halfway | between Cambridge and Salisbury, | Dro 300 Iy 0 of "Gan n R e e will enabie it to serve practically the | g whole Eastern dhe Nat Trassit ) XY anat The company is centrolicd by New | York financial interests, A W Union 0il Co. € Union Pac. KR Thited Lt. & P. U.s. U8 Seitimeco Wisconsns Gen, 7. 5 mvrm:ims.u Tiod, oods. . Synd crown GERMAN BONDS AND STOCKS (Quoted in dollars per million, marks,) | Gt (w ) Gy 1914-18 182800 183800 60.00 ' 100:00 tnousnt masks) 0 200 500 1.50 2000 5500 25 ESTABLISHED 1882 v . v v Ger Hambur (Quoted in_ dollars b B on Elec 4348 prew Elee 4345 1619 or-Fos Ck Corp. Aseo iy Do Do uatin )mmm Gobel cone B Horrn & Ha ml.Art Int Paper Co &w { December 30.—The of public Water Wat O Venezuelan Pet STANDARD OIL ISSUES has the s soon in units 1000 AUl Lohos 4200 Contl” o1 Prissian Krupp Dusseldor| . Frankiort a-M 4s pre-war Munich 43 pre-war. ... . Do Anilin 1% < Feb. 414 Eeb 210 Feb 50 Feb. $1.00 Feb, , Feb. $1.50 Jan Pathe Exchange Q Plym Cordage Co Q TREASURY CERTIFICATES. (Revorted by J. & W. Seligman & Co.) ate. Maturity offer. March 15, 1001l s June 15, 1 100 7-32° Dec, 15, 1 101833 « lec' i I3 Commerz, and Privat Bank Dicconto’ Gellsehaft mer Bank tsehe Banl mataedte: Heyden Chemical Austrian A.E.G. \ben Elee) Berliner e devereves 128 44 YEARS WITHOUT LOSS TO 66.00 #4.00 16,00 64.00 Ton 13, 30 | ANY INVESTOR Yiewna' 3 400 Omo il e )0 Penn_Mex ¥Fuel 4000 Prairie 0 & G o R i 4 § & b