Evening Star Newspaper, December 21, 1928, Page 15

FIN FOREIGN BOND LIST SHOWS WEAKNESS German and Latin American Issues Being Sold for Tax Purposes. BY CHARLES F. SPEARE, Special Dispatch Lo The Star NEW YORK, December 21.—The sit- uation in bonds at the end of the year is; in many individual issues, the reverse of that in stocks. Bonds are well below the price of a year ago, while stocks are much above the level of that period. “This difference plays an important part in the current movements of bonds. For this reason, the holder of bonds representing rather unpromising situ tions is inclined to sell them and take | his loss for income tax purposes. On the other hand the holder of the average active stock when he sells today has to pay a tax on the profit realized. Not a little of the heaviness of the bond mar- ket this month is due to this kind of liquidation, and with money rates grow- ing firmer, additional pressure is exerted against the bond list, The selling for income tax purposes has been conspicuous in various foreign issues, notably Germans, Which were weak again today. and in about a score of this year's new South and Central American offerings. In the domestic list it has appeared in half a dozen in- dustrials affected by poor carnings and in the rails conspiculously in the Sea- board Air Line and Florida East Coast point further to 77. At that compared with a high of the ¥ i 91', and were on a 6.65 per cent in- come ba: The outstanding amount is $45,000,000 issued in series between September, 1924, and March, 1926, at prices from 943, to 98. The proceeds of the issues were used for additional track and equipment facilities. Bankers faentified with the road today expressed complete confidence in the bonds, which are subject to only $12,000,000 of first 4158, Prices for convertible issues were Jower most of the session. Andes Cop- per s lost 3': points, International Telephone 4! came down 2 points from yesterday's high record and Ana- conda Copper 7s were fractionally low er, as were Dodge 6s and International Cement 5s. ‘The 8 per cent rate for call money, together with the withdrawal of the largest buyers from the market, influ- enced slightly lower prices in high- grade corporation bonds, United States Liberty first 41.s sold close to par and then rallied. Treasury certificates were heavy. In the foreign list, in addition to declines in German descriptions, there were substantial losses in some of the bonds of smaller South and Cen- tral American states and provinces and a somewhat ragged price list through- out the active European group. Washington Stock Exchange SALES. ‘Washington Gas 6s B—$100 at 1063, ‘Washington Gas 5s—$1,000 at 103 Capital Traction 5s—$1,000 at 103, $3.000 at 103! ‘Washington Rwy. & Electric 4s—8$1,000 at 915, $1.000 at 915. Capital Traction Co.—3 at 105'% 10515, 20 at 105" }gs?i, 10 at 10572, 20 at 105 512. Potomac Electric 5127 pfd.—5 at 10835, 15 at 10835, 5 at 10835, 5 at 10835, Washington Gas Light—10 at 104%;. ‘Washington Rwy. & Elec. pfd—30 at 9974, 10 at 9914, 10 at 9914, Riggs National Bank—I10 at 547, 2 at 54815, National Union Fire Insurance—50 at 286. 'I‘!r.l"é & Tovestment Co. Md. com—10 at 52. u]nluston Monotype—30 at 11813, 20 at 1o Mergenthaler Linotype—10 at 104, 5 at 104, 10 at 1041, National Mtge. & Inv. pfd.—16 at 5. AFTER CALL. Potomac Electric 6% pfd—10 at 1172, 4 at 112, W;il;flntton Rwy. & Elec. 45—$2,000 at 5. Washington Gas 6s “A"—8$1,600 at 105. Chestnut Farms Dairy pfd.—7 ai 106 Ter. & Ref. Whrs. Corp.—50 at 50+, 50 at 501 0 at 50! Pol?mlc Joint Stock L'd 55—8$1,000 at 0. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid Amer. Tol, & Teiss. 4% ....... oy, M Potomac Elec Co: Potomac Elec. 6s Wash., Alex. & Mt es A Gns 6s series B h! Ry. & Elec. 4s . Rwy. & Eiec 6 1SCELLANEOU! Barber & Ross Inc Chevy Chase Club 5 if2 104% STOCKS. PUBLIO UTILITY. Tel. & Telga Capital Tract'on Co. . Washington Norfolk & Western Potomac Elec. 6 Potomac Elec. 5 Wash. Rwy. & Wash. Rwy. & E i06 104% i12iy 1087 90% Nationa 1 Capital Columbia . 560" TRUST COMPANY. American Security & Trust Co 4 . hyech 368 Wash. Loan & Trust o 550 AVINGS BANK. e 80 4" 350 530 Amarican ... Corcoran Firemen's National Union TITLE Columbia Tie INSURANCE. Co. of Md. com Title pfd MISCELLANEOUS. Barber & Ross. Inc.. com... Chevy Chase Dairy pfd Chestnut Farm Dairy com .. Chestnut Farms Dairy pfd Sand & Gravel pid Natl. Co. pfd 5. pid. s pid. . i T Wash. Cons. e 1181 Storaze 0 tStoraze pid 1 Linoty 4 nv B5ia 63 & Stores 3507 extra. g Bwansea, Wales, is to spend $5,000,- $00 on its new electric light planty ! | East Cuba Sug 7%s - | Humble O & R 51%s. i | - | Midvale Steel 5s - | Pacific Gas & El bs. ANCIAL. # THE EVENING STAR, WASHINGTON, UNITED STATES, (Sales Lib3%s.... 1 Lib1st4s 16 1002 Lib 4th 435 355 101 US4Kss2. 50 111 FOREIGN. 1002 1005 11 100 2 1005 111 Argentine 5s...... 5 91 Argentine 65 Ju 9. 7 100 Acgentine 6s Oct 59 29 99% Argentine 6s A. 5 100 Argentine 6s B. 11 Australia 58 19 Australia 4%s 56... 15 Australia 58 1957 Austria Ts Bank of Chile 6%s. Belgium 63, Belgium 6% Belgium 7s 1 Belgium 7s 1936, . Belginm 71 a1 91 995, 99% 100 95% 88 6 9n 943, 95% 8 97 97 97 14 1001 100% 100" 108 21 1 10 115 10 10915 9414 102'5 101% 1 a1, o) 29 914 937 4 94 941 941 19 101 14 10715 107 109'% 109 I Brazil 6155 1926 | Brazil 6148 1927 I Brazil Is. "Hl‘.izw\x.‘! . Bremen State s |Canada 5s1931.,. Canada 5s 1952 107 1100 100 100 | Canada 53 19 | Chile 65 '60. Chile 65 '61. Chile 7s 1943 Colombla 6s Jan'61, Con Pow Japan 7s.. Copenhagen 41 s 53 | Copenhagen 5s ct. | Cuba 51s.. | Czecho 8s 1951 Czecho 8s 195 | Danish Munic 8s B. Denmark 6s. s D1152%s Mch Dutch East 1 6s47. inland 5%s Finland 7s.. Framerican 7 French 7s | French 734s. German Ts. Haltl 63...00000 Iolland-Amer 65 Hungary 7%s. Irish Free State 5s. Italy 7s. Italian Japanese 4s. Japanese 615 Lyon 6s. . | Marseille s Mexico 45 04 as | Mexico 4s°10 asnt. | Milan 614, Netherlands s 5 Netherlands 6s 7 New So Wales 57s. New So Wales 585, Nord 67 | Norway 5s 196: {Norway 534 Norway 651943, 19 100'4 12 92% 17 92 1101 1 88% 6 98 n 3 8814 88% B8R 4 95 95 95 3 101%5 101% 101% 5110 109% 110 1 109% 10915 1091 10 110% 108% 108% 10476 104% 1024 1028 ‘2 104 103'y 90ty 901y 90 4 100% 100 1001y 5 104% 104% 104% 14 107 106% 106% 19 1125 112 112 4106 105 108 3 100% 100 100%% 1 1017 1015 101% 997% 997 997y 95 97 i 95 26 91% 911y 91 25 100% 100' 100% 9915 9915 9914 997 100 8915 893 0% 100% 100ty 5105 105 96% 96% 6100 100 100 2 10244 102% 102! Norway 68 1944. ... 20 1023 102'4 102% Norway 635 1962,. 4 102% 102% 102% Orient Devdeb 6s.. 7 97 96 96% Paris-Ly-Med 6s... 28 100 995 9915 Paris-Ly-Med 7s... 18 103% 103% 103n Peru 85 67 w 1. 24 901, 89% 901, Peruts.. 2 101 101 101 : 2 1074 1074 Poland s (rota)sss 55 88 e 'orts Poland 8s.. T 974 96 9Tn Queensland gs. 3 104% 103% 103% Queensland 7s. 4 110% 110% 110% Rhinelbe Un 7. 1102 102 102 RhineWst EP 68'53 90 90 RhineWst EP 6553 92 Riode Janeiro ¢t4s. 10 93 9314 iode Jan 8s1946.. 5 1055 105% 105 Rio Gr Do Sul 85+ 17 10315 1050 10use Sum;s;rs.c.m!, 12 91 90% 907 San Paulo City 8s.. 1 113 1131 1151 Sao Paulo 195 1106 108 30 Saxon (PW) 78 99T 991 991, Seina 73 42, 05% 105 105 Serbs Cr Slay 82 ‘BI% 81w Shinyetsu 6135 52 905 901 Soissons 65.., . 98 o8 Sweden 6s. . 101% 102 . 12103t 103 103 1 109% 109% 10! . 331 4 Swiss Confed 8s. Tokio 5% 1961 894 88% 89w Utd Kingm 5%s29. 2 1184 118% 118% Utd Kingm 53%s37. 31 104 103% 104 Uruguay 8s.... 3 108% 108 108 Yokohama 6s w 4 95% 95% 954 MISCELLANEOUS. Ajax Rubber 8s.... 1 103 103% 103'« AmAgriChem Tls, 2 104% 104% 1014 AnSmit& R1stbs. 11 100% 100% 100% m Sugar Ref 6s... 26 1037 108% 103% 27 99% 994 991, 3 104% 104% 104% 38 105% 104% 1043 36 107 106% 106% 18T $0T 07 . 11 A Al % Am Water Wks 85, Anaconda 1st6s... 35 105% 105 105 Anaconda cvdb 7s. 122 182 175% 182 Andes Copper 7s... 82 218 212 218 Armour&Co4%s39. 4 921 9% 921 Armour Del 5%s... 35 908 90% 904 Associated Oil 6s.., 1 10215 102'% 10214 Barnsdall 6s1940., 33 132 I Beil Tel Pa 5s B, 5 105 {gz ¢ izl Bell Tel Pa5s C.... 3 107% 107% 1071 Beth Steel 53%s53.. 8 101k 10114 1011, Bethlehem Steel 65. 14 104% 104% 1013 Bush Term Bldg 5s. 9 103% 1021y 1037 Certain-Td5%srcts 9 84l3 84 84 Chile Copper 5s.... 7 95 9415 95 Colon Oil 6s'38..., 7 112 1n0s 1110 Col Gas&Eldeb5s.. 11 99% 991, 991} Con Coal Md 1st 55, 1 75 ConGasN Y 5%s., 7 105 05! Cuba Canecv 7s. 2 76w Thy Tfi" % «es 8 T8 78 8 Cuban Am Sug 8s., 21 104'% 103% 103% Dery (DG) 7 0% T0% | Detroit Edison 107 1074 Dodge 6s. 101% 102 g Donner & 983 98y Duquesne 43 99% 994, 2 94 935 931 1112 112 112 1 1081 10815 108% 18 1027 102% 102% 9 106% 106 106 37 93 92'% 93 93 100'% 100 100 6 101% 10i'% 101% 106 104 9815 984 104% 104% 9214 9 4 104% 105'% 973 97% 97 5101 101 % " 105% 1 8 7s. 6 99 s67.. 7 99% Fisk Rubber 8s. ... | Gen Asphalt 6s 36. | Gen Mot Ac Cor 6s. Goodrich 6148, Goodyear 55 rets Humble Ol 58..... { Illtnois Bell 1st 5., { Illinois Steel 45, | Indiana Steel 5 Inland Stl 4%s Intl Cement 5s 48.. | Intl Match s 47 | Int Mer Marine 6s Inter Paper 6s. 9 97 96y | int Tel&Telez 4148, 48 9% 9414 | Int Tel&Tel 4155 widl15 112% 110% 110% |KanCity P& L5s.. 1104 104 104 | KKelly-Spring 8 2110 110 110 ackawanna Stl 58, 1 10015 100'5 100% 2 10413 104% 10415 | 4 101% 101% 101% Lorillard 5 2 91 90% 907 Lorfilard (P) 7s... 1 112% 1124 112% ManatiSug st 7%s.. 1 97 97% 97w 2 99% 99% 093 1103 108 10 12 99% 99% 9! 10 87% 87% 87 1 103% 103% 103% 10 106% 106% 106% 3104 104 104 2115 114% 114% 3 94 94 o4 11074 107% 10714 2 100% 99% 1001 2 107 106% 107 18 101 100% 100% 20 101% 101% 101% T 102 102% 102% 2 100's 100'% 1003 2 105% 105 105 9 101% 101% 101% 9104 104 104 3 994 99% 99y 6 801 80 80 6 98% 90 | Mont Pow 55 43.... Mont Power deb | Mor's&Co 1st 4%s. Nat Tub 1st .e ndTel 5s. on 53 44... ison 614s..., LH&P 4s LH&Pbs Nor Ohlo Nor Nor States Pow 68. Pan-Amer Pete 6s.. Paramount 6s 1947, | Pathe Exchange 7s. Phila Co 5867 w § Phila&ReadC&l 51 | Philips Petro 5%s. . Por Ric Am Tob 6s. Posta)l Tel & C5%s. | Public Service 43s. | Punta Alegre 7s.... | RemingtonAr 6s 32, | Rem tnd 5 %s war., | Sinclair O11 68 4 99% | Sinclair 011 75 81024 102 Sinelair Crude 5% 97 Pipe Line 58... 91% | Skeliy Ol 545, ...\ 9314 | Stand Ol N J 55 46. 10215 103 Tenn Copper 6541, TennElecPow 68 47 Transcontl Oil 6148 United Drug 58 63 WS Rub 1st 5 b 90 90 9y 92 101 101 9314 Ny 27 94% 94 99'% 102 97 4% 46 103 23 103 16 96l 214 90 102 96 8% 103 Sales. High. Low. Close, 9 a9+ 99%, 99y 1 102% 102% 102% 4 106% 105'% 105% 1074 107% % 10519 105% 114% 114% 991y 1001 100% 3100 100% 100t 9 103% 103% 103% 974 984 11 100% 100% 100% 9y 9914 100 100% 100% 931y 110% 110% 110% 12 1067 106% 1067 9614 80h it 31 [ovorevon_BONDS o ] Received by Private Wire Direct to The Star Bales. High. Low, Ciose. 13 101% 101 101 107 107% 107% 100 100 100 97 27 102 102% 102% 102% 110 110 103% 103% 103 103 Willys-Ov 6% 102 102 WinRepeatAr 7%s. 7% 107% 107% Yngstn S&T 5s wi. 38 100% 100 100% RAILROAD. Atchison adj 4s. 4 88 Atchison gen 4 29 Atlantic C L 1st 4s. Atlantic C L 4%s64 7 6% B & O Gold 4s. 7 92 IB&Ocviks 13 98 60 1007 3 102 4 103% 120 109% 50 98 US Rub 7%s U 8 Steel s £ 5 Utah Pow & Lt Vertientes Sug 7s.. West Elec 53.....0 4 Westn Union 6s 51. Westn Union 6%8.. 87% 92's 9214 96! 92 98 100% 101'% 108% 10819 97 87N 928 92% 2% Brooklvn Bklyn Mannat 6s. . Buff R & Pitt4%s.. Can Nat 4%s30. Can Nat 4%s 57 Canad North 7s. Canad Pac deb 4s.. CanPac4%s46.... Car Clinch&O 6s 52, Central of Ga 6s. Central Pacific 4s Cent Pac 1st 5s 9 Chesa Corp 58 w Ches & Ocv4%s 1 11074 2 100 12 91 1| Chi & Alton 3% s Chi B&Q gen 4s 53 CB&Q4%4s77B.. 3 98% CB&QIII3%s.... 23 864 CB&QIIdiv4es.. 11 93% Chi&E 111 gn 5s51.. 5 84 ChiGt West 4s50.. 5 69 ChIM&StP4%sC89. 1 95% ChiMilSP&PacisTs. 20 94l CMSP&Pacadjss03 Chi NW 4145 2037 Chi& NW Ts. Chi Rys 5s. ChiR1&Prf4s... CRIPac4%swi,, 11 Chi Union Sta 58,,. 1 102 C&WIb%s62 4 104 CCC & StL 58 D.... 16 1047 CCC&StLrfésA. 6 100'% Colo & Sou 4148 Cuba RR5s... Cuba Nor 5 %8¢ Del & Hud 1st rf 4s. Den & Rio G cn 4 Den&R10G 438 36. D & Rio G imp bs. 97 101% 81 Erie conv 103% 111% 100% k( 105% 11% 108% 112% 26'% 84 9614 Erie & Jersey 6s. Erie (Pa) clt tr 4 | Fla East Cs 74 3r Trunk stdb 6s Grand Trunk 7s. Great North 5%s. | Great Nor gen s, Green B & W deb B Hud & Man aj 6s... 12 Hud & Manref 58.. 8 M1 Cent ds 5 . HiCent 4%s866.... 5 99% 111-C-C-StL&NO bs. 2 102 Int Rapid Tran 5s.. 40 78' Int Rap Tr 5s stpd. 22 78 Int Rapid Tran 6s., 11 79 Int Rap Trans 7s... 2 100 Int&GtNor adj 68 52 56 Iowa Centrf4s.... 16 Iowa Cent 1st 58... 1 Kan City Ft S 4 Kansas City S 35 Kansas City 8 s, Lake Shore 45 3 Lehigh Val cn 4 Lehigh Val 58 200; Long Isrf4s49.... Louis&Nash uni 4s. Mich Cen deb 4s 29, Mill El Ry&Lt 47 Mil 1 Ry & L 58 61 6 105 1 111% 8 108% 105'% 111% 108 1124 26% 84 98% 88 99% 1 1 95% 15 99% 907 1 100% 1 88 « 1301 eess 10 84T 8 86w 2 934 MK&T4sB...... Mo Kan&T 414518 2 MK & Tadj 5s.... 11 103, MK & T prin§s As . Mo Pacific gen 4s.. Mo Pac 5s F 117, Mo Pacific 5s G '78. Mont Trm ref 5s 41. Nassau El 48 51.... NOTex &M 5s B.. 2 8% 3, 58 NYNH&H4% NY NH&H cv db 68, NY NH&H clt 6 NY Rys 6s65. N Y State Ry 4% Nor Pac 38 2047 Northern Pacific4s. 1 90's Nor Pac 4%s 2047.. 3 99% Northern Pacri6s. 12 113 OreShort Lrfs4s.. 7 98% Ore Wash 1st 4s. 89% Pennsyl con 41s... 27 101 Pennsyl gen 4%48... 43 100 Penna R R 4%3'63. 57 99% Pennsyl &8 64 Pennsyl 6s Pennsyl gold Pere Mar 1st 4856, Pere Marq 1st 55 | PcCastL 58 B 75 Port RL P 68 47... Reading gen 4148 A RioG W 1st 4s..... Rio G West ¢l 45, R1Ark& L 4%s. St L IM&S 48 2 StL IM&S gn 5831, StL&SFpl4sA.. 15 87% StL&SFr4%s8, 68 90% SiL&SKFs%sD.. 3 100% SUL & Sown bs SUP & KCShL 4%s Seab A L ret 4s. SeabAL ad) 55 1949. 9 Seab A L con 68. ... 30 SBAIIFla6s35A, 17 SB All Fla 63 35 B., 12 Sou Pac 45 29 Sou Pac clt 4s, Sou Pacific ref 4s. . Sou l'ac 4}gsrets.. Sou Ry gen 4s. 5 117 3 104% 40 2% . 9B 46 « 10 674% 98Y% 1134 98% 89% 100% 8% 89 100% 881 10935 12214 B3 9141y 90 B8% Sou Ry 6%s. Term Asso S L Union Pac 1st 4s... | Union Pac 1st rf 48, Union Pacific 4s 68. Union Pac 4145 67. Virginia Ry 18t & Wabash 15t 5 Wabash 55 76 West Maryland 4s, Western Pacific 5s. West Shore 45 2361, BANK STOCKS FEATURE DAY ON PRODUCE "CHANGE Special Dispatch to The Star. NEW YORK, December 21.—Bank stocks featured the trading in the new securities department of the produce exchange today. Trading was active with interest centering in Chase Na- tional, which rose 25 points with the course of the first half session. Inter- state Trust gained 30 points. There were good-sized orders in a number of issues. National Aviation was one of the most prominent issues, and changed hands between 51!, and 52. 944 901y 88% 36 97 5 104%m 104% 1011 874 Educator Leaps to Death. PROVIDENCE, R. I, December 21 (). —Albert, C. Swenson, associate head- master of Huntington School for Boys, Boston, jumped to his death from a window on the ninth story of the new Industrial Trust Co. Building here last night. He had been visiting his brother, Dr. Oscar E. Swenson, a dentist, with offices on the ninth floor. He was sald to have been despondent because of ill health, Manchester, s to anchester, EDgNd, i o elitaty ! breasts, 2! CURB ISSUES RISE; FORD STOCK LEADS Celanese Common Also Shows Gain on Merseles Announcement. BY WILLIAM F. HEFFERNAN., Special Dispatch to The Star. NEW YORK, December 21.—Higher prices were the rule on the Curb Ex- change today, with the new Ford Mctor Co., Ltd., the outstanding feature. There was every indication that the demand for the stotk had by no means heen satisfied and that much of the buying was for the account of a short interest. The stock opened on a block of 50,0 sheres at a new high of 14%, compared with the previous final of 137, and continued to gain ground. Firestone Tire was in demand again. ‘The sudden run-up in Celanese Cor- poration common followed announce- ment that Theodore F. Merseles, presi- dent of the Johns-Manville Corpora- tion and former president of Mont- gomery Ward, had been elected a di- rector of the company. Hiram Walker responded to the pub- lication of earnings estimates whieh placed the net for the stock at ap- melmate]y $8 a share for 1928. For ovember alone earnings were over $450,000 after all charges or nearly ?g;;le those for the same month in Gleaner Combine Harvester was a feature among specialties making a new high at 106, up 3 points. Activity in Marconi International Marine followed pulication of estimate that the company will earn in 1928 $1,175,000, compared with $895.650 in 1927, $630,660 in 1926 and $504,895 in 1925. Among the oils, Standard of Indiana, Standard of Kentucky and Vacuum were the favorites. Alrplane issues made new gains. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 21— Potatoes, white, 100 pounds, 90a1.25; sweet potatoes, barrel, 2.25a2.80; bushel, 5081.50; yams, barrel, 1.00a2.75; beans, bushel, 2.50a4.50; beets, 100, 4.00a5.00; broccoli, bushel, 65a90; Brussels sprouts, quart, 121%a25; cabbage, ton, 35.00a 38.00; carrots, 100, 4.00a5.00; celery, crate, 1.50a3.50; cauliflower, crate, 1.50a 3.00; kale, bushel, 50a60; lettuce, ham- per, 75a1.50; onions, 100 pounds, 1.25a 4.50; oyster plants, 100, 6.00a8.00; pars- nips, basket, 50a60; peas, bushel, 3.00a 4.00; peppers, crate, 6.00a10.00; spinach, bushel, 50a75; tomatoes, crate, 1.50a4.0 turnips, basket, 25a35; Savoy cabbage, bushel, 50a80; apples, bushel, 75a2.00; cranberries, box, 4.25a5.50; grapefruit, box, 2.00a3.75; oranges, box, 2.50a4.50; tangerines, per half strap, 1.75a2.50. Dairy Market. Poultry, alive—Young turkeys, pound, 38a40; old, 35a36; crooked breasts, 25; Spring chickens, 20a28; Leghorns, 20a 25; old hens, 20a27: Leghorns, 20; small and poor, 18; old roosters, 17a18; ducks, 22a25; small and poor, 18a20; geese, 20a25; guinea fowls, each, 40a80; pigeons, pair, 30. | Dressed poultry—Turkeys, choice to fancy, pound, 40a42; fair to good, 37a 38; old toms, 34a35; poor and crocked chickens, young, 27a28; old nd mixed, 24a27; old roosters, 17al8; ucks, 25a28; geese, 22a28. gs—Receipts, 722 cases; native and nearby selected whites, free cases, dozen, 44a46; firsts, 40a42; current re- ceipts, 35a38. Butter—Good and fancy creamery, pound, 48a53; prints, 53a55: blocks, 51a 53; ladles, 38a40; store packed, 34; process butter, 43a44. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, spot, 1.30 December delivery, 1.303 Co December d livery, 97'4; No. 2 yellow, 99a1.00; cob corn, 4.75a4.85. ts—No. 2 white, domestic, 85a581%; 56a57. Rye—Nearby, 1.10a1.20. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, few carloads being received. There is not enough business passing to establish prices on the various kinds on merit at a range of 16.00a18.50 per ton of timothy and clover hay. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. spot, No. 3 white, domestic, spot, New Bond Issues Special Dispatch to The Star. NEW YORK, December 21.—A bank- ing group made up of F. S. Mosely & Co, Old Colony Corporation and Harriss, Forbes & Co. offer today an issue of $3,500,000 North Boston Light- ing Properties three-year 5 per cent gold notes maturing January 2, 1932, priced at 99, to yield 5.27 per cent. Public offering is being made today by George H. Burr & Co. of an issue of $3,000,000 F. & W. Grand Properties Corporation 6 per cent convertible sink- ing fund gold debentures, convertible into common stock of F. & W. Grand 5-10-25 Cent Stores, Inc., due Decem- ber 15, 1948, at 107 NEW YORK BANK CLEARINGS. NEW YORK, December 21 (Special). —New York bank clearings, $1,611,00 000; New York bank balances, $163,000,. 000; New York Federal Reserve credit balances, $129,000,000. Trap Shooting at Night. Golf, bass ball and foot ball have been very successfully played at night in the glow of a modern outdoor lighting sys- tem, and now trap shooting has been 97%% | added to the list. Under midnight skies and 2,000,000 candlepower in electric floodlights, three veteran trap shooters, the oldest of whom was 81, broke any- where from 19 to 23 clay pigeons out of a possible 25. This happened at the first night-time trap shoot meet ever held, a gallery of 400 spectators looking on. The night shoot took place this Fall on the range of the Lynn Fish and Game Association of Lynn, Mass. Subse- quently the range was thrown open to others, and William Hill of Bridgeport, Conn.,, made a perfect score of 25 hits out of 25 birds. ‘Welding Process. ‘The welding process as applied to the construction of buildings has many advantages. It not only eliminates the nolsy rat-tat-tat of the riveter, always a source of disturbance to the sur- rounding district, but is said to be cheaper, quicker and more reliable. One ‘electric welding outfit can do the work of four men using the riveting- gun method. Fewer tools are required and no rivets are used in the welding process, both items representing another saving. The only tool used in the process is a welding machine. Before actually welding together two girders they are first bolted together in order to fix them in a secure and accurate position. This is done usually by means of angle iron supports and clamping plates. ‘With the girders in position, the welder 1s started. Steel is fused with steel and becomes a solid mass which hardens almost instantly, after which the bolts and angle irons are removed. Careful tests have shown that welded :‘l:;lers will stand up etter than those ted 1OROtREN) vy i et NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following 1s & list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIA! in hundreds. High, 13 Acoustic Prod . 193 d_Pay ul 1 Auburn Auto Co liss E W.... For R C 37 Dougla 5 Dubill: 19 Freshman_Chas 7 Gen Am Inv. SSREISATL R, 225 ramopl Qo 20 Granite City 8tl. 70 Hahn Dept Btore 12 Hahn Dej Sa, I3 gegzsusausa, 8 innear_Stores . 2 Lefcou Real pfd TLit Bros ... 3 Loews deb rts PERTTY 10 Mavis _Bottling 1 Mercantile 8t C on Rex 4 Mond Nickel rets xd M A or Sta Pa L4 or Sta P pfd ris wi. 2 Northwest Energ. Mfe. 14 Prudence Co pfd 1Pyrene M(g... ... 10 Rainbow _Luminous. 5 . Rich Rad 1 10 Roer Cent Pow 8% pf. 5 Safe-T-Stat . g8 gery t u EoRe Fel Sl 4 Spanish & 1 Stani Mever tand Mot 11 Swift Intl 11 Thomps Prod A'. 2Thomp Starrett 3 Timken Det Axle 3 Tishman Realty Lux Plct . . raer Coal mp € . Lt & PA . ni Piece Dye Preight ...... niversal Avisifor 1 P & L vtc B o MINING STOCKS. hundreds. 10 Ariz Globe C 67Con Tun & Drail 8 Cons Cop_Mines 2 Gresson Gold 10 Dundee Arizona 30 Falcon Lead M t 3 Hollinger 3H ay Min & ‘Sm al 37 Ohio Cop . 10 Roan Antelope 9 Shattuck Denn 10 Unity Gold 3 Wendon Cop jit 12 18 Barnsd deb war. 12 Carib Synd .. 8 Citi n olon Ofl ... 5 Columbia Synd . 13 Creole Pete . 3Gulf oil Pa 1Woodley Pet. Sales in units. 1100 Contl o1l 20 kL 300 Ohio O} A 200 Prairie Pipe Line 78008 O Ind 300 Ky.. 108 O Ohlo " 2100 Vacuum Oil "/ Sales BONDS. in thousand: 5. 11 Abitibi P & P 53 A 4 Ala Fow 4lie a § CERtran chy ‘tep Bs s_c 3 Glncliy 8¢ Ry Btés 2Cincin Serv 8s 5 Commonw Ed 4! s ¢ Intl 8. 10 Dix Gulf Gas 6% 3 Fairbanks Morse 3 Eed Wat Serv Sigs 10 Pirestone T &t R W% 1L 30 Gatlnesu w. Noon. 19% 1 e 8S: Sk s f T T FEEE N Ei 'w O i Sales in INDEPENDENT OIL STOCKS. undreds. .60 7 TANDARD OIL ISSUES AND AR RS BTDIARTES S TOCKS: 228552252228 & F RRES 0Ses, g3ssEsssssszs 11 Gatineau Gen Am 1 gen Veny eorgis Gult Oil Hou ul 7 Houston Gulf 52 Ind Ofl & 1Interstate Pow 5s.... 9 5 Interstate Pow 55 D. 96 132 Kendall 5tzg o 1Kop Ga 5 88t 1 28 15 ] o s 1071 957 Gas Slas ... 104 iphis Nat Gas s 9 Strauss Inc 65 Serv 55. oA A BA L D e B Rog Ryeso] ervel Co Del 3 hawin W & P 47 ioss Sheft 6s. nider T 2223 1 Texas 5. 23 Truax Traer Coal Ulen & a8, 14 Uni R of 1U 8 Rad 65 A 0 50U 8 Sm & Ref 5ias. 1023 1023 5 Western Pow 5'as A. 11074 11 11 Wheel Stl 4125 B, 882 8 8alesin FOREIGN BONDS. thousands. 3 Agri Mor Ba T . 35 Bolivia 7 i 92 84 8935 2 89% 10074 100%% 115% 115% 8 10014 1188, n—New. ww—With warrants. DIVIDENDS. Stock of Corporaticn. - Per. Rate. Pavable. record. Am Sum, Tob co... Q" 18 15 Jan. 10 A A k] Brkivn Tront .. @ 4408 et e 355855557 554 TEREInY . & s Magma Copper Midwest Rf Co McAd'ds & RE8% Do. Mid-Cont Petro. .. Rys . sl 55 Montreal Meg-B, Nm| R Pa_Ohlo .0 36 7 - s Edison prf D pRu ol FEERsEEsEEy 130 hta an y & T 4333838258838385 35 SouE 8858 5855238588y OZRZZOL SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 5s 1987 Aluminum Co. of Amer. 5s 1943 American Tel. & Tel. 43 1920, Anaconda Cobper 6 1930 & ohio TR . Cor} 11 Tel. Canada 8s 1955.... ‘alifornia Pet. Corp. 5125 193 . B8 1087, ... Canada 6s 1936 . 88 1937 100 1932, u. Pac. R R. Co. 4s Standard Oii- N. Jersey 8s 1 8t. L. Mt. &S0 Ry. ds 19 46 9. 3 1. '35 18 U. 8. Smelting Co. 5'2s 1935.. Electric Co. 55 1944. . Westinghouse El. & M. 55 1946 Wheeling Steel Corp. 5'us 1948. TREASURY CERTIFICATES. (Reported by J. & W. Selisman & Co.) FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) zloty Copenhagen, Oslo, crown’ Stockholm, crown GERMAN BONDS AND STOCKS. Spectal Dispateh to The St NEW YORK, December 21.— Bid. 55.00 Asked. 60.00 00 00 sand marks.) 2200 25 Ger Govt Red Loan with draw ctfs att per 100 R M. ....... er Gt Loan without draw ctfs per 1.000 R M.... 36.00 40. (Quoted in flg“lffi per million marks.) Hamburg 4's 1 20.00 30 (Quof in doll Qer n Elec 4! er Gen Elec 1919, . !"E 48 ;ll-'lr g . Hamburg 3s. 3158 & 4s pre-war Hlmh\lrl American Line 4'zs. jorth loyd 4'28. BiseRaore r nll:‘ fort Munich 4s 2.25 i 43 ‘pre-war. A-M 45 pre-war. z 233 8333333333 SRS e 3 A8RTL2! S 3 eoncaca. 5388 B 833323333333337833413323! rms leyden Chem ercur_Bank Vienna. forth German_Lioyd. ustrian A E G (G udolph Karstadt BBt The devastated district of the North | g - of France is now almost entirely re- built. Of the 000 farms and dwell- ings destroyed, {440,000 have been re- e s FINANCIAC. |COTTON UNCHANGED ON INITIAL DEALS Market Encounters Selling Shortly After Opening and Regis- ters Decline. By the Associated Press. NEW YORK, December cotton market opened today unchanged to a decline of 11 points, under liquida- tion or realizing and Southern selling. The offerings were attributed partly to the relatively easy ruling of Liverpool, while there were reports of an easier spot basis in some sections of Texas. After selling off to 20.03 for January and 20.02 for May, or about 11 to 13 points net lower, however, the market steadied on covering. The decline also seemed to have brought in a little buy- ing on trade limits. Prices steadied up a few points from the lowest, and the market was fairly active, with the tone steadier at the end of the first half hour. : Private cables reported hedging and liquidation in Liverpool, and said there was a fair inquiry for cotton cloths from Bida, but that many offers were unworkable. CORN PRICES FIRM IN EARLY TRADING Wheat and Oats Also Steady. Country Offerings Are Light. 21.—The | By the Associated Press. CHICAGO, December 21.—Reports that farmers are selling only enough corn to supply Christmas money helped give firmness to corn prices today and to steady wheat and oats. Country offer- ings of corn to arrive today continued light and cash houses here were buyers of future aeliveries, A sl Opening *at a shade decline fo el advance, corn later showed all around gains. Wheat started a shade lower to 3 up and held near to the initial range. Provisions were easy. Despite favorable weather for move- ment of the corn crop, receipts of corn in Chicago today totaled just 120 cars, and at Kansas City the arrivals fell b low 100 cars, hardly a third as much as on the corresponding day last year. Under such circumstances, previous speculative sellers of corn switched rather generally to the purchase side of the market, and a house with foreign connectlons also was conspicuous as a buyer. Upturns here in wheat prices were in- fluenced somewhat by Liverpool reports of absence of selling pressure abroad. Large shipments of wheat from Aus- tralia to non-European countries, India in particular, was a feature. Besides, Italy was reported to be in the market today for the Durum variety of wheat. CHICAGO LIVE STOCK MARKET | | CHICAGO, December 21 () (United States Department of Agriculture).— Hogs—Receipts, 50,000 head; market steady to 10 lower; active at decline; top, 8.50; largely an 8.35a8.45 market on better grades 180-200 pounds: butchers, medium to choice, 250-300 | pounds, 8.25a8.50; 200-250 pounds, 8.25a 8.50; 160-200 pounds, 8.10a8.45; 130-160 pounds, 7.40a8.40; packing sows, 7.60a 8.00; pigs, medium to choice, 90-130 pounds, 6.75a7.85. Cattle—Receipts, 2,000 head: calves, 1,000; market fairly active and fully steady; trade on all killing classes; stockers and feeders slow; few steers and yearlings closing the week about in line with a week earlier; early advance. 50 to 1.00, having been lost; light mixed and heifer yearlings, 50 to 1.00 under last week. Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.75a16.25; 1,100-1,300 pounds, 12.75a16.25; 950- 1,100 pounds, 12.50a16.75; common and medium, 850 pounds up, 8.75a12.50; fed vearlings, good and choice, 750-950 pounds, 12.00a16.25; heifers, good and choice, 850 pounds down, 10.50a13.25; common and medium, 7.50210.50; cows, good and choice, 9.00a10.50; common and medium, 6.60a8.00; low cutter and cutter, 5.50a6.60: bulls, good and choice | (beef), 9.25a11.25; cutter to medium. | 7.00a9.25; vealers (milk fed), good and hoice, 13.0015.00; medium, 11.50a13.00; cull and common, 7.50a11.50; stockers and feeder steers, good and choice (all weights), 10.50a12,00; common and me- dium, 8.25210.50. . Sheep—Receipts, 10,000 head: a few early sales steady; best kinds held higher; few moderately sorted lambs, 14.25; choice closely sorted kind held toward 14.75; little done on sheep and feeding lambs. Lambs, good and choice 92 pounds down, 13.85a14.85; medium, 12.25a13.85; cull and common, 8.75a 12.25: ewes, medium to choice, 150 pounds down. 5.50a8.00: cull and com- | mon, 2.25a6.00. Feeder lambs, good and choice, 13.00a14.00. PARIS BOURSE PRICES. PARIS, December 21 (#).—Prices moved irregularly on the Bourse today. | Three per cent rentes, 66 francs 90| centimes; five per cent loan, 94 francs 90 centimes; exchange on Lon- don, 124 francs 2 centimes. The dollar was quoted at 25 francs 54!> centimes. | The Bourse will be closed until next Wednesday. CHICAGO DAIRY MARKET. CHICAGO, December 21 (#).—But- ter, unchanged; receipts, 6,111 tubs. Fggs, unchanged; receipts, 4,650 cases. Poultry—Alive, firm: receipts, 6 cars; fowls, 26; Springs, 29: roosters, 20; turkeys, 20a36; ducks, 24; geese, 22!3. New Life for an 0ld Tree. The September hurricane blew over an old tree which has stood for 125 years in Miramer Hill, San Juan, Porto Rico, and which has long been regnrd-| ed as a landmark. The tree is an In- dian laurel, a member of the fig family, and withstood the gale for a long time, but finally it toppled over. The fate of the tree concerned so many persons that the United States forestry officials on duty in the vicinity set the tree up again, and it seems to have taken on a new life so that in the course of a few years it will be in better condition than ever before. Girls Appropriated Tuxedo. One of the recent social functions of fashionable London was a ball called “The Dream of Fair Women,” in which the feminine part of the gathering exer- cised the widest originality in the de- lsigning of their garments, which were meant to_anticipate the styles of the future. One of the most pronounced “hits” was the adoption of the Tuxedo by two girls, whose plain black and white stood out in strong contrast with the other costumes, many of which were very brilliant. The result was that the idea was immediately taken up and women appeared at other functions in the masculine Tuxedo. The fad is likely to spread around the world. Great American. Elihu Burritt, born in Connecticut In 1810, became known as “the learned blacksmit! He visited England and founded a soclety for the suppression of warfare and was an advocate of a high court of nations. Difference in Elephants. ‘The African elephant has very large ears, a convex forehead and tusks, in both sexes. The Asiatic or Indian ele- phant has small or moderate sized ears, A Charming Estate On a splendidly paved broad boulevard, a most charming gentleman’s estate is offered for sale. It lies hetween - Connecticut and Massachusetts Avenues, just over Western Avenue in Maryland with all of the cit improvements avail- able just across the District Line, This wonderful tract contains more than 360,000 square feet of land, over cight acres. It will also Iend itself most beautifully to a lot or villa site sub- division. Can be sold at less than half of asking price of property on the other side of the Boulevard For full particulars call Adams 1514, LOAN Iet us have your applications “LOANS ON REAL ESTATE Immediate Action Courteous Treatment i Our record of 35 years speaks 1 for itself. | Percy H. Russell Co. | | 1731 K St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. 69 ~otes Secured by First Mortgages Safe—Conservative Make your savings 41 '\Yearsl and surplus funds Experience work for you at the highest inter- est rate consistent with absolute safety. Wm. H. Saunders Co., Inc. REALTORS Main 1016 1433 K in financing homes and in the sale of these curities. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street 478 Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 B REAL ESTATE LOANS Apartments and District of Columbia and Nearby Maryland-Virginia 3.5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. @ REAL ESTATE NOTES | Secured by First Trusts Conservative Appraisals Chosen Locations 6% Interest ' WER BR! WES o a concave forehead and tusks only on male. Laws to ban strike making them Wmhmmuuw in India, W 809 15th Street N.W. Main 9486