Evening Star Newspaper, January 2, 1927, Page 38

WHEAT AND CORN PRICES ARE DOWN Oats Trifle Higher on Aver- age, But Still at Low * Level in 26. BY GEORGE C. SCHNACKEL. CHICAGO, January 1.—Generally lower prices characterized the wh and corn markets during the past year. Oats prices were a trifle higher on the average, but still at a low Te: “his situatior ban noi mnece salised farmers as a whole to earn ss than in 1925 ecavse of tha ynueR larger Win- tar wheat crop, which produced Jerger returns in the aggregate and because s0f the rofits to be had Fitougn © feeding cheap corn to live stock. In fact, the De- partment of Agri- criyre, in sum- macizing the posi- tien of agricuiture duylng the year, says thet there has been marked but not uniform i improvement as compared with 1925. Despite low grain prices, the Sec tary of Agriculture regards the pos tion of the farmer as better than in any year since 1920. He estimates the net income of the industry as unit at $2,757,000,000, or 4 per cent more than the crop year 192 3. g “‘Since the depression period of 1 every agricultural section of the coun- try and every important branch of agriculture has made progress.” says SCHNACKEL By the Associated Press. all stocks and bonds traded: INDUSTRIALS. High, Actna Ins. 635 Ala"Gt S0 134% Ala Gt 80 Ry Bf. 188 Allied " Pac 3% Allied Pack pr pf..] 29 Alpha Port Cem pren Aluminum Co 76 Alum Co Ampf, 108 L0 Am Zine, Lead” &' $in a8l A Arch. . . 138 Am Hr Bov F. 221y Am Cyan A agiy Am 47 Am ¢ K] m 4 m 1 Am 203 m Tas Am 03 m 354 Am ] Am n Am 56 m 5 5 Am Suberpow’ A B Am Superpow B. 9 Am Superpow pt b 7 Am Superpow 'ls Am WP Bf vie, i Anglo-Chil’ Con’ N 7 Anz Pow.. .. 5 Awso Gne & 8 Al Fruit & Sug.. . Atlas Port ‘Cem new Auburn Auto. Hahcocke & Balaban Katz' ctr Baneltaly 1.0 .o Beaver Bd pt cif Bell Tel Penn pf... Bigelow Hartford Carpet . Blackstone Val G & EI Blaw Knox ctf Bliss Co Blyn Shoe Bohn Alum Borden new ... prasilian Tv Gt & ¥ ort Mach". . Brill koo Brill B 0 Brillo Mig : Br Am Tob ioup Br Am_Tob reg. Brock Mot .. B R R W 'd ag Butler Bros o C G Spring & Bump new. Carnegie Metals .. - . Celluloid .. Celluloid pf " Celotex Cen Ag Sig. Con Lea A"Si: ‘entrifugal Chi Nip'A. L Chi Nip “BT Secretary Jardine. ‘‘Recovery has not been uninterrupted, nor, as I have {ndicated, have all groups of producers #hared in it equally. Nevertheless, the gain has been substantial.” Speculative Grain Prices Down. So far as the speculative grain mar- kets are concerned, the trend decid- edly has been down. In wheat prices are off about 40 cents a bushel com- pared with a vear ago. Corn has made new low records for the past three years, but net changes as compared with a vear ago were not so great, since May corn is only about 4 cents & bushel lower than in January. Oats| showe( little fluctuation during the entire year, but prices were slightly above the cheap values of 1925. Pro- visions trade was quiet, with prices lower. The speculative market has been slower than for many years. There has been so much condemnation of speculation in grain that outside of the professional traders very little in- terest was taken in the grain deal- ings. A year ago prices for wheat were relatively high. During December, 1925, much bullish feeling had been aroused by figures of statisticians and others tending to show that there was mot enough wheat in the world to matisfy all requirements before the mew crop was raised. ‘World Surplus of Wheat. However, after the turn of the year these figures failed of realization. The - world not only had enough wheat but had a carry-over of close to 100,000,- 900 bushels. When the trade realized that its theory of a shortage was erroneous then there occurred a gradual dumping of holdings. The effect of this liquidation was most severe during the first months. To emphasize the situation at that time the Government on March 1 reported 99,000,000 bushels on farms and 75 000,000 bushels in mills and country elevators. The new-crop year was distinctly the reverse of the old-crop season. The United States in 1926 raised a big crop of Winter wheat and a slightly below average crop of Spring wheat, making a total yleld of $840,- 000,000 bushels of all wheat, compared with 666,000,000 bushels grown in 1925 and 802,000,000 bushels the five-year average. This was one of the reasons for the price decline, which is so marked now compared with a year ago. Right at present there are two| views of the future situation. The bulls are arguing that the world again is short of wheat. They are predic- theory is this: Europe's crop was practically a failure and we already have exported our surplus. There- ting that May wheat will sell at $2 a bushel before April. In short, their fore we now are on a domestic basis and wheat is worth $2 a bushel to the domestic consumer. ‘This opinion is scoffed at by bear traders. They point to the situation in the last two or three years in which the same cry of a world's in the last two or three years, in higher prices. Each time the predic- tions failed to come true. A Neutral View. A neutral view of the situation is afforded by Broomhall, who is well regarded as a statistician on the in- ternational grain situation. He figures that from August 1, 1926 to July 31, the world import requirements will be 704,000,000 bushels, while sur- plus countries have 816,000,000 bushels to sell for export. North America alone has a surplus, or did have at the start of the seasun, of 300,000,000 bushels, The United States has the best quality wheat of any country, and for this reason our hard Winter wheat is favored by Furopean buyers when- ever the price difference is not too great. This is demonstrated by the fact that the United States exported 109,000,000 bushels during the first four months of the crop season, com- pared with 106,000,000 bushels during the entire crop season of 1925-26. The world situation is somewhat bearish S0 far as other surplus producing countries are concerned. Canada raised a big crop of nearly 400,000, 000 bushels. Argentina last year failed to dump her wheat as expected, and as a result is carrying over this seuson grain variously estimated at from 40,000,000 to 50.000,000 bushels. This wheat, though, is mostly of poor quality. The new’ Argentina wheat crop is of good quality generally in the north, but there are provinces in the center where frost and drought wayve shriveled the berry. is estimated that Argentina and Australia will have a surplus 60,000, 000 in excess of last year. Argentina is expected to have 150,000,000 bushels for export, and Australia nearly 100,- 000,000 bushels. Russia is an unknown quantity, but it is evident that exports from that country will equal, if not surpass, the 22,000,000 bushels exported to Euro- pean consumers last season. France mnd Ttaly, because of their financlal condition, are making efforts to hold down imports by mixing wheat with cheaper giains. Corn Farmers Complain. Corn farmers, who have been get- ting around cents a bushel for their product, are continuing to com- plain over the poor price. This com- plaint is warranted to some extent, but some growers managed to make good profits this year by marketing their corn on the hoof. How exten: sive this feeding to live stock has heen is illustrated by the fact that the Childs_pfd . Cohn Hall Marx... Comwealth "Edison Comwealth Pow Comwealth Pow_pi Cons Gas & El Balt Copeland Prod A ww Courtatlds . Cuban Tob ctf Cuneo Press Curtis Pub Curtis Curtiss Aero . Davis, WA Dickler Hotel & Dixon Crucible . Dochler Die-Cast Dominion Stores xd Bk Berlin Am Dubilier new .. 0..." Dunhill Tnternatl . Durant Mot .... Duz A . Eitingon Sci Elec Bond & Sh: Elec Bond & Sh El Invest ... Elec Ry Sec " Empire_Pow Estey Wel A. Estey Wel B. Fageol Motor Fajardo Sug_ . Fan Farm C: Federal Purch A Federal Purch B Federated Metals .. Feltman & Curme A .. Film Insp Mach. Ford Motor Canad: Forban ........ Foundation” Foreign Fox Theater A ..... Franklin Mfg Co. Franklin 7 pf. Freed-Eiseman Freshman Galv Hous Garod .. 3tism 43¢ BB R SO IS D AS I B e T NP lopeey = s maSH PEEt P CE ot FER L o3 DeBaeSS S o P T 29; Gen Gen Gen Gen Gen Gen Pub Se Georgia L P Gillette Saf Raz Gleasonite Prod . Glen Alden Coal Gobel Adolf . ear Tire St R ) 1 ey B e 1 an & Grand_Stores Gt Am Ins. Gt Al & Pac 1st pf. Habirshaw Cable ctf ... Happiness Candy St A.. Happiness C; Finois Hart. Fire Ins Havana El Hazeltine Hellman Hellman pf Hercules Powder Heyden Ch Hires Co . Hollander Home Ins Horn & Hardart. Hunt_Bros Pack. Imp Tob G B & I I Tob Can. P e 5o Int Coner Inter Utilities A. Inter Utilities B. Johns Manville . Kawner Co, Keiner-wil Statip Florida. Kruskal, & Land Co Landover Holding Landover Hold A st. oy o e o San, pEmy R Rt e o o] 1509 RS0 RS R AR @ 0Bl u il iangeensl PR 2 i S X L2 K = H 8! ® S » = = NEW YORK, January 1.—Following is the official list of transactions on the New York Curb Exchange, giving THE SUNDAY Lehigh Val Coal Sale: Libby McN & Libby. tmbey (i:ds ¢ Net | HRerogidio Qarc Wirgless Marmon Mot McCall Corp McCord Rad B. Mengle .. Mercantile Mesaby Metro b & 1 Metro 5 & Metro Low. Close. 500 iy wi ;¢ Middle Wee Bid West Util pr In. Mid West Uil pf: Midland - Steel Midvale Steel Dl Miller Rub pf... Mohawk Val new. Moore. Drp - Forgin Municipal Service. Nat' Bakiog ... Nat Casket . ... Nat Elec @ow A Nat St Mateh at Sug_Re( sner Bros ... o Corp () eptune Meters Nevada Cal Elec w Eng Pow new . . N ng Tel & Tel. New Jersey Zinc .. New Orl Gt Nor KR Y Mdse Niles Bem Pond No Am Cem Northeast Pow zl'ur Ohio_Pow r States Pow pf. .’ Ohio Bell Tel 7". »f Ohio Fuel . B Ohio Fuel Corp cfs ton, Broa’ pe”pt i & EI Pender G | Pender_Groc B Penn Gas & EI Penn Ohio Secur Peon Pow & L, pt. Penn Wat & Pow Peoples Drug Store Bhelps_Dodge Phila Elec ... Philip Morria Philip Morris A Pick ‘Barth vie. Eillsbury Flour PBitts Lake Erie Ry. . Pitts Pl Glass Pratt & Lam.... Procter & Gamble. Erophslac Brush ug 8d P & Tene Mig . Hand Kard_ Bureai. Realty_As Bkiyp Rem Noisele Rem Noiseless D! Reo Motor 3 Rep Mot Tru Richmond Radiator et et 3 Ty N T oty B SR e R o PR IR R 8 Rickenbacker Mot . . R 5o T B S DO D@10 FEEIEE T Su‘lelf r Scovill Mfg Seeman Bros Selberling Rubl Sorvel Del .. ...%. Sharon St1 Hoop. Sherwin Williams . Shredded Wheat new Sierra Pac Elec. Silica Gel Corp Singer thif nger TAd . Suia Viscos . Suia Viscosa rets. . Southeast Pow & Southeast P & Lt Southeast P & South Cal South Cal Ed B South Cal Ed ! So Citles L'til . So Cities Tul ctt §o Cities Ut pf S0 Colo Pow A S0 Gas & Pow A So lce & Util A SW Bell Tel pf. parks \Withing . Shifidort. Bethlene Stand Gas & EI pf. Standard Motors Stand Pow & Lt nw. Stand Pub A .l..... Stand Tank Car Steel Co Capada Stromberg Carl Stroock & Co Stutz Motor gwmrt & Co nt . fos 33 36 04 e ; H . i \ a 10 3 4 1 % 1219 s 1omis 2 ons W F3 A SEgs R LiL | ohw-onsenoNns A R D RD B A ABORIID RO - RRRREF B OPRCEE SR > 2 S oo mE S o 34 113 e 0B & - Ty BRioizom Swift £ B oy o) [t Tob Todd Shipyards . Trans Lux Da: Trav Ins ... Trumbull_ Steel Truseon Steel . Tubize Art Silk Tung Sol Lamp . Tung Sol Lamp A Union Stl Casting Un Artiss Thes cti. nf 5 i Unit_Bis B. I CEM TP S PR 2 P = - e EBLnIaanoin: WOEE (] % 131900 P BEIRGE El Bait. i et B EHEE o8 oy FE S 11 UniVersal Pionires T Pow & Lt B cit. litg, Sharss. 1 hm-»(?:ucn . Util Shares 4§ P ) SRE a3 SaIBLIN=SS 203 W OF R A S e o & & % AeaDo Jiss Power pi' 4 Mobawk & Hud Pow.. Mohawk & Hud 1 & Lt il t & Pow A 57000 o 5 o Saring STAR, WASHINGTO Net . Close. change. iy Tt 137&—134 8 —3 26% . 106 9y She 5SS = E R - o 2= C2ESES: 0 1 0 3 8§ 1 o 1 1 CRSPESEE R uE 2322 T FEES F @ e - T Ry ey Epora TS RS Richmord Radiator pf .. EOSESEE [ i BAoaa D 13 Stk IERE F S PSS o G e Om SusOr N g b R ] B 9 . » & 9 T ) o Sis & 2o = Fer s S50 ES P SNEE sopizbn S SrSei et N S ettt PRI et oty g ] [ onsmoemaia o Eatea: Lpstons mme ot o 1z R @255 EERE: REAE e BIERI-SEIGE. e | o | (luies Service Birs ‘Shares . | 5 High. Seiaedoeyen & FFEF *® Winnipeg ates Al 1 el ARARRE & =8 Jere Atlantic Lobos ...... Borno & Scrymeer new . Juckere Fipe' Lide. .. ! Chesebro Mg Continental Oil Creacent Pipe Lin Cumberland Pipe Eureka Pipe . Galena Stenal e Galena Sig ptd ‘01d" . Galena Sig pfd new | Humble Gil & Het Lilinois Pipe Line Imp Ol Canada - Indiana Pipe' Liny ! hio Ofl . rie Ol & Gay' . iris Pipe Line Solar Ref .. South Pen ‘Gil Southern Pipe L Southw h Am Contin Oilfields. ............... A Am Maracaio ... 1443 Arkansas Nat Gas . Fee | Baruwdall ‘Corp war.. | Beacon . .- ! Brit-Amer 0i Carib Synd Cities Service new Cities Service pfd .. Colomblan Syndicats Consul Royalty . Ureole Syndicate Crown Centr: Gibson 01l Gulf Ol Corp Pa’ | Kirby Pet 7 Leonard 0il Lion Ol Lone Star’ Gas' Magdalena, Syndicte Marland Ofl Mex wi Mex Panuco . ouzr Mountain "Prod *1 Nat Fuel & Gas New. Bradford ©. .. New Mex & Ariz'id’ Pandem Oil . Pantegec ot Véier' 1111 nno Ll Red B an) Reiter-Foster Ryan Con . Salt Creek Cons . Salt Creek Prod Shreve El Dorado’ . Tidal 5% WO Aswoi Gil » cemomm Siabn o BT R R R Rt PA ot SR N e Tide Vener Pet ... Wamner Quinlan’ . Wilcox Ol & Gas Woodley Petrol Y Oil & Gas . 2 coes Y MINING. American. Commander . Am Tin & Tung .. Arizona Commercial - Arizonsa, Globe ... aver Cons . Bingham Mine. Calaveras Mining Chief Cons Cons Cop Min ... Cons Min & Smelt . Copper Range . Cresson Gol vide Exten . Dolores Esperan: Dundee Arizona Eng Gold Min Eurela Croesus .. Falcon Lead Min Firat Nat Copper First Thought Gol Forty-nine Min olden. Center olden Cycls . Goldfield Cons . Hawthorne Min .. Hecla Min . Hollinger Gold 3 Jerome Verde Dev Jumbo Exten . Kay Coppe: Kerr Lake i Mason Vallev Mines - New Cornelia Cop Newmont Mining Nivissing Mines Norandx Mines North_Butte Minis Ohio Copver .. Parmac Porcuping Premier Gold ... Red Warrior . 0. 80 Am Gold & P Southwest Metals tandard Silv-Lead Teck Hughes Gold Tonopah Belmont Dev " Tonopah . Extension Tonovah Mining. . . Tri Bull Sm & Dev United Eastern .. :Vm;fdA""d’xF“ Yah Apes Mining . Walker Min ... Wenden Con Min' . Weat End Cons . White Kno Cop pid Tukon Alas tr etf Yukon Gold .... I3 % 1 1 a 3 K 5: 4 3 3 2 o 7 i 0 ] & i 0 0 9 3 4 2 S d "Min " o Foaakticy B > 1Bioris B S Fs S ool 2ot 1 us Y ) ) i a RS R Dol mabi FEEZmn 200 . EEY DOMESTIC BONDS. AIl Pack 8s 39 . 80% fi{l Pil"‘k O 3" = uminim e i 204 Am B &1, 882010 Am Seating 8s '38 Am Thread 6s "28 Am Water Works 0s ‘Anaconda Cop 08 A Appalachian Pow 3s ‘56 Assoc Gas & E 08 '55 Amsac Sim Hardware 6 PIESSRELS e s 23333352332 1927—PART 1 Net Ia Pow & Galr Robt 78 ‘37 Gatineau Pow 58 ‘50 atineau Povw, s ‘60 Govayear T Go i ult Ofl ulf St . Hood RUNer oo Independent OI1°6, Indlana Lime 63 ° Indianapolls P & L Inter, Int Paper 6s wi nter 3 oo Ten 1 98 Gas a8 MUidwest Gas. 70 '3 Mont Montreal I, Nat Dist 638 '35, Nat Pow & Lt 69 2026 Nev Con Cop b8 ‘41 - 2 N0, T & Mex 5450 Nog Falls Pow G ‘50 08 " Sor stat Pow 6he 0 A Nor Stat Pow, cvi 6% s ‘33 12 fo Pow 78 '51 108 06 i B 101 14 97 i Ohio Pow 4%s D 93 %0 ; Ed b 03I 863, [ it 0934 "Amer Pat 6 103 995 a2 enii Ohio 1id 6s 118k 118 ¢ on Tow & T4 b L1077 95 n P’& L 88 T i0s 107 - & 15w D 101 3oeh Ton s i 4 2 1038 . £, ¢ {8 1 10 lg‘h 100% 99}: 100% 7% 104 7 1024 19 N ity 12814 1014 1 g 141 ~'8 a9 9115 9! 26 + 8 90 81 848 fr O 108 G0 79 { el 1031 o6 101% A 20 .. 1038 101% 1024 e &L 88 ww 20 971 881 061} Sa, 136 | South Cal Ed'oe 44 - D102” p&id 100 % T13% | South Cal Ed 52 ‘51 ohy, 971 o8 1 80 Gas 6328 '35 . 10343 10: G 1 Bouthwest Pow & o0 W g tandard O1) N 1, 1077 104 8, 2 1207 941 3% 3 08 § 03" 28 1w 4 181t 1 Ulen & Co 6% new . 101 9 4 | United Ol Prod Rs '3i 00 0% -5+ | Unit Rys Hav 7358 36 uz 1088 3771 US Rabver 8 1023 100% 3 | U S Rubber 6 108 * 101 U 8 Rubber ¢ 1103 101% T § Rubber 633 10%% 101 7 S Rubber 6 1028 100 U § Rubper 8 1959 100 1 § Rubber 6138 11087 Jo0 Rubber 6145 103 100 § Rubber 6158 D 10%% 1000 § Bubber 81 10235 100 0 § Rubber 64 1027 100 [ § Rubber 61 10245 100% 8 Rubber 04 1024 100 7 S Rubber & 103 * 100 U8 Smelt 103% 100 Yalvoline 7o ‘37 1057 1081, Wabash Ry 5o B % BT Warner Bros Pic 6% 1225 108° 103 Webster Mil 63y ¢ 101 “90% "ok 5 Western P"‘E!I w9 o8 99 * Youngstown Sh & Tube 82743 1110 104 1031 103% FOREIGN BONDS. i Baden Con Mun 7e ‘51 . 100 993 Berlin EI 658 '28 ... 1004 93% 100 Berlin EI 60ve "0 100 * : 3 v & Un * Burmeis & Wain 6s 40 . 3% vl ; Buenos Aires Prov 7te *47 02 i 3§ uenos Aires Prov 7. 36 ... . 20 3 3 1% 091 1 % (i " Fiat 78 ‘4 Finn Ind Bk 78 'i4 Ger Con_Mun Gt Con ELP 6is Hamburg El 7s '35 Hamburg State Ge =522 PR .. 32252332322 SN 2 & L Qalena Signal Oil 74 Great Nor 5s '60. W nllt’rolrsfll 46 . Morris & Co 7%8 ‘30 . Review of Stocks and Bonds on Curb Exchange for Past Year I%'#gfi%m ' Many Believe Staple Picked Now Is Necessarily of Very Low Grade. High. Low. Pt 09, D4 o o crcrSexacorocoste PEBEREFERERE R SN T = Sesseenss ST eea: SSZTEE X 1 ERRSSRERE! - s o L L R32333225255358 SIRESGS e . oy Es FESRI TR A R T FERETREIEENE FROR T e s SRR R S AR St Srens e [ gt o gRg0ss: SRARRAR # FRRRETESOr TEE & e e 97 09 201 99 91} 9o 110 8 80 wald 198 T ‘% 1024 96 ° 1 3 marked by the large number of heavy cattle marketed. At present there is a tendency to- ward a better balance between corn and hog production, and therefore between corn and hog prices. No un- due surplus of corn exists this year such as existed last year. The crop is set at 2,694,000,000 bushels, against 2,905,000,000 bushels produced fn 1925. The carryover, however, was 180,000, 000 bushels, or one of the largest on record. This resulted, in part, from the general movement to have the farm- er hold his corn for better prices. The result is that he is taking less for it now than he could have had a year ago. There are prospects that more corn will be needed to feed the larger hog crop, but these requirements are cut somewhat by the epidemic of hog cholera, which caused considerable loss to hogs this Fall. Keen Argentine Competition. The export situation in corn is not so favorable. Early this year Argen- tine corn competed strongly with American for the Canadian trade, and at the close of the year this competi- tion again is keen. This means that the domestic grower is going to have to depend on the American market for his grain rather than on. the foreign trade. Oats prices have not fluctuated very much and continue at low levels, around 40 cents. There is reason to wonder why farmers continue to pro- duce oats at such low prices, when the domestic demand as well as ex- port trade is belng reduced year after year. The dairy farmer, however, finds a ready market for the produc- tion on his place by grinding oats and barley as a good milk-producing feed during the time when silage is gone. The crop this season was set at 1,282,000,000 bushels, compared with 1,611,000,000 a year age The crop is of poor quality in parts, and this yield may not be realized. Prices for May oats are now about 2 cents above a year ago. Canadian oats crop was small, and this may improve the export demand. Germany also is ex- pected to be in the market. Provisions prices generally were lower than a year &g« Lard was off ubout. 2 cents a pound, ribs and bellies showing a similar reduction. In- creased production of hogs and also the cheaper and more plentiful supply of lard substitutes cut down prices. The large cotton crop, with the in- creased production of cottonseed oil, likewise increased the competition from this substitute. French Like Chewing Gum. An American company is building in France a factory to take care of the demand for chewing gum, which started during the war, says the Pathfinder Magazine. It took some time for the tobacco stores to sell out aversge weight of hogs received in ‘hicago & ving January was 21 younds heavier than the previous Jan- unry,‘ The season also has been the stock left by the American Army, but now most of the stores have new stocks and regular customers for the [ HOW IS B 5 | AT - | GENERAL BUSINESS Showing Current Business Activity compared with same week a year ago CTIVITY for the t aebiie outetdo Now Work, Somparcd mith ‘satno woek "ot ACTIVITY BY FEDERAL RESERVE DISTRICTS Check transactions compared with the corresponding week of last year: USINESS? a ABOVE A YEAR AGO A whole, indicated by bank Iast year. i Boston _|_New York | _Phil'phia | _Cleveland | _Richmond | Atianta | T 308% 1 +102% | +41% | +7.0% | +14% +-5.5' T Chicago _|__Bt. Louis | Minneapolis | Bansas (it San. ol T ¥a1% | —ii% | F35% 1 +13% T1.6% | —84% | Buslness in dollars (checks cashed) . Employment (Department of Labor) Wages (Derlnment of Labor) .... n, lovement of goods (car loldlngu) s Retail trade (Federal Reserve d) Wholesale trade (Federal Fallures (Dun’s) .. Bond prices (Annalist). . Stock prices (Annalist) ....... Stock market volume (shares Cost of Living (Industrial Conference ‘Wholesale Tlgccn (Fisher’s Index) ... .e';rlrultuu prices (Dept. of Agric Reserve Board). (Al rights reserved. Cambridge Associates. Boston.) LEADING BAROMETERS Showing trend of important factors. % Changes Present trend from year 8%0. & - o) o ... Steady Board). . iture) e LI+l 1+ +++ 44 Rooanameam: mkatno~ Undeclded SINGING SOLO IN PUBLIC ONLY THING WALES FEARS Prince Enjoys Share in Chorus, But Knows He Cannot Perform Alone. By the Associated Press. LONDON, January 1.—The Prince of Wales speakin, love singing In chorus, but I don’t think I could sing a solo before a crowd to save my life. It's the one thing I'm afraid of He was talking to a man he had met in the anteroom of the Free Trade have one, but I told him I was a tee- would have a cigar and I took it with the idea of Keeping it as a memento. But he produced a match and I couldn't very well refuse to light up, though when he left I put the cigar out, and I'm keeping the half that's left as a family heirloom.” ‘War Started on Wild Pigs. Because of the damage being done by droves of wild pigs in Australia, farmers are banding together to ex- terminate them. At a meeting of far- mers at Warwick it was reported that the pigs follow flocks of sheep and kill and eat the lambs soon after birth. In one part of Australia bounties were paid on’ 2,000 snouts that were turned in within the last year, and it is esti- mated that 5,000 lambs were sdved to totaler, and he sald he admired my the community throjigh this killing of principles. :ho-nm@m,ubm pigs. BALTIMORE MARKETS. BALTIMORE, January 1 (Special). —Considering the high prices prevail- ing for turkeys both live and dressed, the market held up exceptionally well and practically all salable cleaned up before the market closed. Young live turkeys closed at 48 to 50 a pound for choice, and 43 to 45 for fair and old stock, but poor and crooked breasts are slow sale at 30. Choice to fancy | dressed turkey sold as high as 52 and fair to good, 45 to 48. Geese were in good demand and brought from 28 to 30, with Kent Islarids selling best. Chickens held steady right up to the close at 28 to 30 for springers and 24 to 26 for Leghorns. Dressed stock cleaned up at 30 to 32 for choice young chickens, and 24 to 28 for old and mixed. Demand for poultry gen- erally will ease off next week and only moderate shipments of.choice fat stock are advisable. Receipts of native and nearby eggs have been running more liberal the past week and the market has an easier tone with a slight drop in values. Demand fairly good for fresh-laid stock and the market closed at 46 and 47 a dozen for near- by firsts in free cases. Produce Quotations. Market for white potatoes holds steady under moderate receipts and a fairly good demand for well graded No. 1 stock at 8.00 to 3.25 per hun- Written 2nd—Attractive N 5th—Freedom From All 6% Guaranteed First Mortgage Notes S d by Improved D. C. Real Estate . eltton Guarasine Buckud by: Mave Than $4,000,000.00 Resources as to: 1st—Security of Principal. i 3rd—Prompt Consecutive Interest Payments. m-s.:fi Return of Prigcipal When Due. dred_pounds, but run of the patch and No. 2 stock is slow sale at about half price. Sweet potatoes and yams in ample supply and it takes good dry stock to bring top values of 1.00 to 2.00 a barrel for the former, and 1.00 to 176 for the latter; bushel hampers of both sweets and yams selling better than barrel stock at 75a1.00 and 85a40 for No. 2. De- mand for native and nearby garden truck easing off as Southern vegetable lines increase, and it takes choice stock to bring top values at the fol- lowing quotations: Beets and carrots, 4.00 and 5.00 hundred; broccoli and kale, 35 and 40 bushel; onions, 1.75a 2.75 hundred pounds; oyster plants, 5.00a7.00 hundred; , parsnips, 50a60 basket: savoy cabbage, 50a75 bushel; spinach, 75a90 bushel, and turnips, 26a40 basket. Live Stock Quotations. ‘While the general live catle market has ruled easy the past two weeks and improved demand is looked for now that the holiday season is over, liberal . shipments of first quality stock are advisable. Common_ to ordinary cattle, how- ever, has been in ample supply and slow sale at inside prices. Choice spring lambs and handy-weight veal calves will be in good ‘demand the next few weeks. Quotations today at Light street wharf: Beef cattle— First quality, pound, 8 to9; common to medium, pound, 5 to 7; bulls, as to quality, pound, 4 to 6; cows, choice to fancy, 5 to 6; common to fair, pound, 3 to &; oxen, as to quality, pound, 3 to 5; milk cows, cholce to fancy, head, 50.00 to 76.00; common to fair, head, Care and Management. 30.00 to 50.00; calves, veal, ch pound, 14; ordinary to medium, poung. 11 to 13; rough and common, pound, 8 to 10; small culls, pound, 7 to 8§ sheep, choice, pound, 6; old bucks, pound, 4 to 5; common, pound, 2 to 3: lambs, Spring, choice, pound, 1215 to 18; fair to good, pound, 10 to 12; com- mon thin, pound, 8 to 9; hogs, straight, pound, 12 to 12%; sows, pound, 9 to 10; stags, pound, 6 to old boars, pound, 3 to 4; live pigs, pound, 14 to 16; shoats, pound, 12 to 14. he Associated Press. NEW YORK, January 1.—The out standing feature of the between-holl- day market in the cotton trade here this week was the evening up of Jan uary commitments issuing and stopping of the first no- OUNT incident to the These notices, representing something over 100,000 bales of for delivery next Monday, appetred to be in ratier widespread demand. less than credited with stopping notices, and the January discount as compared with ’ March narrowed to about 16 points, but widened out again slightly toward the end of the week. Both the closing firmne: December contracts during the pre vious week, and the stopping of this week's January notices tended to em phasize the comparative absence of selling pressure in the Southern s markets so far as the tenderable grades are concerned. are supposed to be offering more free ly, but are also sald to be attracting a considerable trade or investment de mand, and as the movement of cotton from the flelds has been slowed down by recent unfavorable weather, thers has been some advance in the basis. On the whole, reaching here from the South have been considered rather more favorable to values than otherwise, and quite aside from ments here, the market has shown a generally steady undertone. cable advices claiming that the cotton crop in China was turning out very poorly, together with recent reports of reduced estimates for India, have en- couraged expectations of an increased demand from abroad for American low grades and some authorities are estimating this season’s probable con- sumption of American lint cotton from 16 t6 15% million bales. Improving weather conditions re- ported in the South toward the end of the week brought in a little selling, but many think that any cotton re- ceived from the flelds with a renewal of picking will be of very low grad Owing to the unfavorable weather re- ported since the middle of the month, there has been a growing inclination in some quarters to question whether final gainings will equal the Govern ment crop estimate. At the same time bullish features do not appear to have been strong enough to have brought in much fresh buying, and the trade would seem to have been working for early new year developments in the spot markets or for coming . T N ARC SC P No 24 firms or houses were | of the eid Lower grades therefore, reports the near-month develop- . Private . crop prospects to take Invest, Consult WELCH Real Estate Notes for Sale in Amounts from $250 up to $1,000 or more. Consuit WELCH Realtor 15th and N. Y. Ave. M. 4346 Reterence: or Title 5 foss 10 an Investor In 2 MORTGAGE vestment for your AVAILABLE JANU- ARY FUNDS. Annual Return, 615 % SAwNoN S TGy (HARRY 8. Extends the Greetings of the Season to His Clients and Friends Wishing Them a Prosperous New Year Loan Specialist Established 1309 6%2% and 7% 3 Trust Co. Co. the " % years. FIRST NOTES 00 A safe medmum of in- Mortgage Investment Department 713 14th St. Main 2345 Main.2100 : .. . 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