Evening Star Newspaper, December 18, 1929, Page 15

iy CURB ISSUES SAG IN'SELLING DRIVE Bear Pressure and Tax Sell- ing Cause Drops in Pivotal Shares. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 18 —Revers- ing an upward trend at the opening, the curb market today moved lower as professionals put pressure against pi otal issues or traders sold stocks to es. tablished tax losses. Electric bond and share opened at ll'/., then promptly sli ‘down to 82% before meeting resistance Cities Service opened at 26%. off % in & block of 4,600 shares. Within two hours it hit 251;, its action, according to traders, beln' due to tax selling. American Superpower, after opening with a 4,800-share lot at 245, off 3, moved fractionally higher, only to en- counter selling which brought it back to its initial level. Associated Gas at 40 was off !5, while United Light & Power A at 26'; was unchanged. Involuntary petitions in bankruptcy filed in the Federal courts here against Sonora Products of America and its prineipal subsidiary, Sonora Phono- graph, Inc., was the sequel to Monday's action by Arrow Hart & Hegeman Elec- tric Corporation of Hartford, Conn., asking for appolntment of an equity receiver. The present petitions allege that an attachment was issued for $100,000 against each of the companies in Mich- igan and that on December 4 the pho- nograph company was made subject of s judgment filed In the Supreme Court of New York. Sonora immediately de- clined, following this announcement. Some of the other radio issues moved higher. This was true of Pilot Tube and Radio, Hazeltine and De Forest. Pox Theaters A, in sympathy with the weakness of Fox Film A on the big board, moved downward. Hudson Bay Mining & Smelting was again one of the most active copj u & block of 5,000 shares a) J‘“ 8%. Formation of a subsidiary of Eagle Pitcher Lead to acquire all of the company's properties in the tri- State area, and to include all of the Dmpertkl of the Consolidated Lead & Zinc Co., was not reflected by either of these stocks. A Dblock of 9,800 shares of North American_Cement_appeared at 35, or up Y. Crocker Wheeler rallied after an early loss. Commodity’ Notes Special Dispatch to The Star. oil. CHICAGO, Decémber 18.—Gasoline prices continue rether weak, with price- shading still a threat, Evidence, how- ever, indicates that some of the larger refiners are heeding the suggestion that runs of crude to stills be curtailed, in order to prevent a burdensome over- production. If production is held down, th?krllrlee situation could right itself quickly. —It is reported that nearly every stalk of sugar eane stand- ing was killed by the recent frost, but the planters will save most of the re- maining crop if weather conditions are favorable. The sirup yield for Louisi- a, however, will be reduced. lee Machinery. CANTON, Ohjo.—York Ice Machinery Corporation’ announces that an emn- sive production expansion program under way. A large structure, to be uud purposes for the of produt is under way. ‘The oomp-ny also manufactures ice cream machinery. Rt GRAIN MARKET. CHICAGO, December 18 ().—Await- Ing the Government final estimates on United States 1929 crops, the wheat marke. ‘ocday slipped downward in price during the late dealings. Owing to some uneasiness, however, regarding how the cold wave will' affect domestic Winter wheat, July delivery represent- ing the 1930 crop showed relative strength as compared with nearby de- Hveries. Export demand today for North American wheat was slow, influ- enced apparently hy approach of the Christmas holidays. ‘Wheat closed unsettied, 1aal a bushel lower than yesterday's finish. Corn closed unchanged to Yiad off, oats a shade to 3 down and provisions unchanged to a rise of 5. MONEY MARKET. NEW YORK, December 18 (#)— There appeared to be & plentiful supply of funds on hand in the call money market today and although the demand was light the official renewal rate of 4% per_cent was maintained all day. ‘The time money market was dull and featureless, with the quoted rates un- changed at 434 o 5 per cent. NEW YORK BANK STOCKS. Special Dispatch to The Star. NEW YORK, December 18.— ., Asked America ... i 14 Amer Union 0.0 i S : ith Avenue i st Natl, xth Ave Sterling _Nati.. Straus Natl Textile Irade l'lnk Y . Worla “Bxch Yorkville ... .01 TRUST Ci Banca Comm Ita FINANCIAL/ NEW-YORK CURB MARKET. . 1938~ Low. 1% Aeronautie Ind war. 18 Aero Supply A( 5% Aero Sup Mfg. 3 CIS-TR- T EE Y Air Investors v t 1L Airinv. Incev pr. 40% Airstocks v.t.e. (1).. 2 Alexander Ind 1 10% Allied Ilfll Allison Drug StA... Aluminum Co of Am., Alu Coof Am pf(§) Am Arch Co (3) 146 wume 29% AmCit P&L A 10 AmCP&LB 16 Am Colortype (13).. 18 Am Com P A (330c). 22 AmCom P B (330¢).. 3% Am Cmwlith Po war. Am 8t Pub S(A)1.60 Am Superpower (1) 82 Am Superpow pf (§) ;gh‘t Am Super 1st pf ( 20% Amster Trad (13%).. 14 Anglo-Am vot (73¢). 615 Arkansas Nat Gas A. 4 Ark NG em pf (60c) 90 Ark Po& Ltpf(7)... 528 61 Armstrong Cork (2). 50s 5'% Asso-Elec Ind Lid., 80 35! Asso GREI A (12.40). 35 3% Asso GEE A deb rts. 1 215 Asso Laundrs(320e). 1 3 Aeso Rayon........ 1 30% Asso Rayon pf (6)... 14 24% Atl Coast Fish (1.40) 15 & Atlant Fruit & Sug.. 7 24% Atlas Plywood n.. 2 30% Atlas Port Cem (2).. 7% Auto Veting Mach. .. 15% Aut V Mev prot (2) 12 Aviatien Credit..... 1% Bahia Corp. 5 Bellanea Alrcraft. 20 Rlaw-Knox Co (1) 10 SlissCo (E W) (1).. 3% Blus Ridge Corp.... 231 Blue RCerpev pf 13, 25 Blums, Inc. 29 Blumenthal (S). 13% Brazil Tr& Lt (2)... 1% Bridgeport Machin 1 Brill Corp B. 7% Burce, Ine. ... 3% Burce, Ine (war).... 88 Burco, Inccv pf (3). 14% Butler Bros (2)... 4 Bwana M Kubwa, 4 Cable Radio T vis 8 o 0 RBondSwamr PO 2315 Carman & Co A (2) 20 Celanese Corp... 634 Cent Atlantic States. 20 CentPSv A (a1.75). 12 Cen States £l (340e). 40% Cent Sta El cv pf(6). 414 Centrifug Pipe (§0¢c) 9 Chain Stores Stk(b6) 44 Ches & Ohio (new).. 1% Chief Consolidated.. 2 20 Cities Service (130¢c) uo 84 Citles Serv pf () 1 Clark Lighter A. 10 Clev Tracotr (1.40) 3% Club Alum, Uten... 4 ColonOil.... 25 ColtsPatFire A (2). % Columbia Syndicate. 1% Comwlith & Sou war. 13% Consolidat Alreraft.. 4 Conselidated Copper 1215 Con Dairy Prod (33) 71 Con Gas, Balto(3.60) 83s 20% Con Gas Ut A (2.20), 21 Cons Instrument. ... - 30% Cooper Bessemer(2). 5% Copeland Prod Ine A 10 CoriCorp... . 12 Corroon & Reynold 30 Crowley Miiner (2).. % Crown Cent Petrol. 6 Curtiss Flying Serv.. 2% Curtiss Wright war.. 1% Cusi Mex Mini 614 Darby Pet (1). 4% Dayton Alr & Eng... 763 B 390000 B0 IS s 0 B THE EVENING STAR, WASHINGTON, —Prev. High. uu MO% 25% 9% 9% 21% 78 3% 27% 68% 19% 13 2 15 166% b 6% 2% % o Co (6). « 50s 390 no Detroft Alreraft Cor. Dix Gas & Utilities. . Doehler Die Casting. Dolores Esperanza. » % Douglas Aireraft.... ‘Praper Corp (15). ... Driver Harris(new). Dubelier Cond&Ra % Durant Motors. Dus Co, Ine A cfts. Fl Sharehold pf (.). Emp G F cum pf(7).. Em G&F cum pf (8). Empire Pwr Corp(2) Em.p Pub 8.A(1.30).. Employ Reinsur 1%. Engineers Gold.... . Evans Wallow Lead. Fairchild Aviation Fajardo Sugar Faicon Lead “ansteel Prod Fedders Mg A (2) Fed Screw (t » anBoarsarcnoe~d Foremont Dairy Pr.. Foundation For Shs. a5 Franklin Mfg (2). ' Garloek Pkg (1.30).. BormrnuSormu=-=BaleBe = M Gen Rity & Uttii11es, Gen R& Util p1 6),. Gen W WEE A (2).. Glen Alden Coal 110) 14 Gllbert (AC) (1).... 12% Globe Underwriters. .16 Goldfield Consol. 82 Goldman Sachs (BI) 3 GoldSealEin...... 20 Gorham IncA...... 26 Gorham Inc pf (3).. 40 Gorham Mfg vtc (32) 1% Goth Knitbac Mach. 16% Gram'ph'ne rets 2.91 28 Graymur Corp. . 162 GrA&PTnv(5) 114 Gr A& PTeapf (1), 50s 117 10 Groe Stors Prod vte. 3 14 ul Ground Gripr(t1%). Guardn Fi sn(2) llB Guit Otl of Jip (1%). - wa SomwemiEs 9674 209 13 142 uav. 22% 53% 3% 6% 97% 63 33% 46% 46% 38% 24 100 4% 637 3¢ 4% 524 12 3 39 60% 142 140 140 1 55O 1929~ Stock and + Low. Dividend Rate. IK Happiness Cllll Hydro El fervice 10 Hygrade Food Prod. 260 Illinois P L (20 22 ImpOilCann 1llt). 6% lmn‘l‘nh GB&I(1.25). 5 Indiau Terr lllum... 26 Ind P Lnew (12%).. 17 ind Fincfts (b10%). 69% Indus Fin cv pf (7).. 26 Insull UtiL Inv.... 80 TInsull Utilpf5% 70 insull Ut In 2d pf 17 Insurance See (1. % Intercontinent Petn Int’l Power, Ltd 5 Internat Products. . ZB% ln!l !upalrno'ur ltl) U % Inter Hos M (1.80).. 143 Irving Afr Ch (1.50). 5 1tallan Superp war.. 6% Itallan Superpow A.. 2% Jonas & Naumburg.. # Kerr Lake . 237 Kleinert Co (23) 17 Klein, D. Emil... 1% Kolster-Br (Am Sh). 9 Lake Superior Corp.. 8% Lakey F & M (12.40. 23 Lefcour Real pf (3) 12% Lily T Cup 2% Loews Inc war. 40 Long Island Lt (40c) 3% Louisiana Lan & Ex. @ 23 &3 18 Middle WstUt( 99 Mid WUtcvpfxwé 266 Mid West Ut A war.. 4 Mid West Ut B war.. 8 Mo-KanPL (b6%). 45 Mohawk Mining (12) 1% Montecatinidebrts.. 35 Morison Elec (11) 7 Mount Prod (1.60).. 5% Municipal Service... 25 Nachman Spring (3) ol anBanmmnm » Be N e - EUEUETTEA-F P PRV Nat Fam Strs (1.60 "'4 Nat Fuel Gas (1 NewErg T&T (8). 18 New Hav Clock '1“ 2% New Mex & Ariz Ld N Y Invest (1.20 N Y Invest (war) pt (1) NYTel at (%) Newmont Min ( Newport Co (2). Niagara Hud P( 2% Niag Hud Pw A war. 2 Niag Hud Pw B war. 21% Niles Bement Pond.. 1% Nipissing (30¢)..... 8 Noma El Cor (1.60).. 10 Noranda Mines (3).. 4% North Am Aviation.. 2 North Am Cement 5 North Am Utll See.. 115% North St Pow A (3). 17% N W Engineer (3) 20 Novadel Agene (2).. 1% Ohlo Copper. 20% Orange Crush (1 .). 66 Otis Elevator new. .. 10% Outbd Mot A ¢ 4 Outboard Moto: 20 Overseas Sec (1 24% Pae G&El 1% 124 Pac Western % Pandem O)l. 2% Pantepec Oil 6 ParsmCMfx 16% Penn Gas&El A 86% Penn Ohio Ed pf ( 13% Pennroad Corp. 45 Peop Drug Strs 85 Pepperell Mfg (3) 17 Petrol Corp(1%). % Philip Morris ine. 2% Philip Morris (A) ox Ebt PR T T AT Y- 1T » 3 5 100% Pitts& L E (5) 50 Pittsbgh Plate G 13 22 Plymouth O1l (2). 60% Powdrell&Alex t4%. 1% Premier Gold (24¢) 6% Prince & Whitely.... 1 29 Prince&Whitely pf 8 5% Prudential Inv. 16% Pub Utll Hold war .. 55 Rwy & LtSec (14).. 16 Rolis-Roy of Am Df. 3% Rooseveit Field,Inc.. 10 Root Refining. 45 ' Ruvberold Co (4) 14% St Regis Paper (1).. 9 Salt Creek Prod (2).. 87 fihvlm\lh Sugar (§). 15 Savoy 2% flchulu Un e-31 8t.. 15% Schulte-Utd Sts pf.. 38% Se 4 Selected industrie 4945 Select Ind pr (5%).. 50% Sel Ind allot ofs 6% .. 6% Shndoah Con(b.%) 14% Shenan Corp pf (3) 11% Southland Roy 1u Smllh (A 0) (2) ish & Gen 18" S5 Beni ol pE (7, 4% S W Gas Util... 26% Stahl Meyer, Ine. 243% Std Dredg cv pf (2) .. % Standard Motors. ... 95% Stand Oil Expt pf (5) 45 Stand Oflof Ind 3% 18 Stand Ofl, Kan $2% .. 29 Stand Oil, Ky(12.20). 13 Starrett Corp....... 15 Stein(A)& Co(1.60). 10% Stein Cosmetics Ine. 75 Stetson (J B) (6%).. 9 StraussRoth....... 28 Stroock & Co (3)... uts Motor Car. 9% Sun Inv. 324 Sun Invof (3) 4 Sunray Ol (40c). 18 Taggart Corp (1) 40% Tampa Electrio (13) . 4 Teck Hughes (60c). . 10 Tennesses Products. 7% Texon Ofl & Land. .. 26% Third Nat Inv (1) Tobacco & All Stks. . % Tobaceo Pr Exports. 404 Todd Bhipyard (4).. 204 Transamer (11.60).. 7% Tran Con Alr Tran.. 4% Trans Air Trans cfs. 3 Tr-Lux D.L.P.8.(A) 46% Tri-Cont Aliied (3).. 10 Trl»-Columnulcor. 76 Tri-Ce D pf (8) % Trivles Safery Glass 16 Trunz Pork Stores. . 111 Tub ArtSilk B (10). 70 9 = - e o (L PR TOE < T T o T L T TP T S T Ty 254 159 Received by Private Wire Direct te The Star Office 5 5% Bbain 14% 8y 7 25 159 D. C, WEDNESDAY, DECEMBER 18 9. INSURANCE TOTAL | INCREASE IN BON MOUNTS STEADILY |Investment of Premiums Is Aid to Industry of the Nation. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 18.—Safety first is more than a mere motto to the people of the United States. Protec- s | tlon in the next year is involving the ex- penditure of more than $500,000,000. Business is insured against future dis- aster to the extent of $100,000,000,000, according to authentic sources. In other words, if every insured life were lost and if every insured building burned to the ground, the American people would be reimbursed to the ex- tent of $100,000,000,000. Among the nations of the world America is credited with recklessness and lack of business caution, yet this nation will spend more than 5 per cent of its national annual income for protection against the future. Group Insurance, Of the huge sum involved in this pro- tection, life insurance accounts for about $60,000,000,000 and premiums on life insurance policies now in existence necessitate plyment of $300,000,000 & % | year. Other forms of insurance, includ- #|ing fire, theft, casualty and marine policies, afford protection to the extent of $40,000,000,000 provided at the ex- penditure of $200,000,000 2 year. Busi- ness in the last year has run at the rate of about 5 per cent in excess of new business in life insurance written in 1928. The greatest factor in this improve- ment has been the increase of the number of group insurance policies. One concern alone has $37,500,000 cov- ering the lives of 23,000,000 wage earn- ers and their families. It is expected by life insurance concerns that the 5 per cent increase shown in 1920 will be continued in 1930. The gain in other forms of insur- ance has not been so marked, although it has ded at an even and healthy rate. 1t is believed that the building 8% | programs, which for the last three years have exceeded $6,000,000,000 annually, have involved the placing of a tre- mendous amount of new fire insurance business. is true that in practically every case the new structures have either been insured with exhnng com- panies or have been protected by the owners, who have virtullly written their own insurance. Fire Rates Decreased. While the total of protection against fire has increased in dollar values, the rate accruing to the fire insurance com- panies has shown a corresponding de- crease. The fire insurance companies have obtained almost as much profit insuring & 6-story building of the older type as they now get from the of a 30-story building on the same site of the modern type. The placing of all forms of insurance has of necessity made available for in- vestment a huge sum in the last year. The distribution of these funds tor uumpin: by the insurance com| has become one of the greatest newrl in the world of finance. To all ini and p they are the llnut ln- vestment trusts now in existence, for under Federal and State regulation they segregate their security holdlnu and investments in almost exactly the same way that the modern investment trust operates, b-.llm:lnl one type of investment with ‘wutlhu 30 as not to e United States expect to place in in- vestments approximately $800,000,000 within the next six months. The in- vestments for the year of 1930 will probably be more than double that sum, about $1, uoooom ‘The fire insurance com- p-nles 'hll:g accounts for the larger part of the business probably will have ‘more thln $300,000,000 to invest in the first half of 1930. It is worthy of notice that default of premiums has been remarkable for its absence during the last two months, & reflod when decided uncertainty was felt by as to the future course of business. Collections Excellent. Premium collections in general are excellent. Among the insurance com- panies, however, compeuunn is ex- tremely keen and insurance men are likely to have to do more “leg work” to pile ‘:Eom same volume of business they wed in 1920. The importance of insurance from an investment and financial standpoint has been decidedly augmented as a result of the recent up- heaval in the stock market. Insurance companies are one of the main supports of the State, county and municipal g:u;:lnl done throughout the United ates, ‘The volume of this financing is likely to be increased tremendously in the next three months, owing to the extraordinary programs for public works construction. One company alone has outstanding loans totaling $557,620,000, covered by 30,504 mortgages on real estate. These loans are distributed throughout nearly 300 cities in 39 States. These figures give some idea of the wide distribution of insurance funds through- out the Nation and their importance in the programs now being carried out for business and industrial improvement. (Coprright, 1929.) Clearing House Statement. NEW YORK, December 18 (#).— Cleart House statement. Exchanges, $1,224,000,000; balances, $210,000,000. GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, December 18.— Bid. Asked. Gex Gov Red Loan with drawing cits attached ‘per 100 B M . 59.00 6100 Ger Govt Red Loan without dl’l'llll tlllm 000 R M.. 24.00 ’1 00 ra per miliion marks.) 35.00 4! ssel Prankfors. a-At s | Munich 48 pri & (Quoted in dollars per AES & Commerz anc v Disconto Geli eriiner. Hand Bank 2| §352sa35232 ercur_Ban! North German Austrian A E G (General —Prev. 1929 Lo Stock and High. Dividend Rate. 8! 2% Unmfl Prol Slllr f. % United Ret Chem A.. 34 Utd Ret Chem B fllf. U 8 Rubb: Rlclllm. Unit Verde Ext (4) Unity Gold.. Utah Apex (SM) Utility & Ind. ... Util & Ind pf (1%).. 7 ?;EE 335532 *0 P 33355 22! F 5355 20 S x 2 99999 M9 00 5 e e e T ORAS s O WA B 01 e R 00 s S S5a 22 2o, al o 3 3 o >wg 832332398223 % T 309900000 2883309900 b ZErede ot 3 e 5 d 3 2 550 ..-.m, LR R ol A DR AN e S e "‘ 5. ul'uu s x Ut 88 A Fggcade » 2 aw azes Selkicteen. - e e D Ghc o0 9001 a0 ! & ©33838, & 55 Sante tinnes 7 tinnes 7 ww—With w 332338888282 = R Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 18.— Potatoes, white, barrel, 1.5024.00; sweet potatoes, barrel, 1.5082.75; yun:, barrel, 175 22.50; beets, crate, '3.50; sprouts, q\urt. 10a25; "beans hnmper, 1.50a3.00; cabbage, hnmper 30a50; car- rots, 100, 2.00a3.00: caulifiower, crate, ymand isofa lenenl T PINANCIAL ™ joee? 15 FINANGING IS DUE Large Number of New Issues Are Expected After Jan- uary 1. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, December 18.—The sag | in the listed bond market the past week has been due to the expectation of & large number of new issues to be brought out in competition witn old issues after the turn of the year. These will represent financing by railroads, public utilities and indus- trial corporations, with the prospect of a considerable amount of borrow- ing by municipalities. It is still open to question how far these new offerings will be absorbed. Much depends on their quality and on the prices which the syndicates place on them. During the panic dealers in bonds were able to buy up round amounts at_very attractive prices as they were being sacrificed in order to protecy speculative commitments or exchanged common stocks at bargain levels. Gradually these bonds have been re- inves and private Large amounts of bonds X ten them, showed substantial losses, have been going out under the influence of easy money and & diversion of funds from the call money market into the obliga- gom of corporations and municipali- es. Short-term Notes. ‘The strongest inquiry still is for short-term notes, which are scarce and | which command high premiums and ive a low return. - Railroad Equlvmem ‘rust certificates maturing in the firs half of 1930 have been selling on ‘ 4% per cent basis. Omernment paper has been quoted below a 3 per cent basis. Substantial amounts ol the new Treasury discount bills have been mi keted w yield 3% per cent. the coming year a great deal of mu will undoubtedly be refunded with lonl-lerm obligations. pecialists in preferred stocks, and upecillly those ot the public utilities, i e o e, e, O of secur wo years. De- ter, although insurance have taken large blocks of tnem in !erenee o buying bonds at & mn;l lower yield. It is expeem present popularity of pretund Alum some of the new financing wi m G e 0 g % e ay block of 100,000 shares f lt.lnfln‘d Gas & Electric preferred a mately d?: market level for uu stock outstanding. Naw corporation issues with a 5 per 2.00a2.50; celery, crate, 1.75a3.75; egg- plants, crtw 1.50a3.50; Lettuce bl.!ket. 2.0082.75; klle. bueh!l 35!40 lmlonl, turnips, 25!16 p) les, bullul 7582.75; rries, box, 3.0084.75; gnpe!mm box. 3.0084.75; oranges, box, 2.10a4.00; tangerines, box, 1.75a3.00. Dairy Mhrket. Poultry, alive—Turkeys, pound, 28a 30; old toms, 22a23; Spring chickens, 20a24; Leghorns, 19a20; old hens, 18a 25; Leghorns, 18a20; poor and thin, 17a 18, old roosters, 18; ducks, 16a23; geese, guinea fowl, each 40a60; pige- ons, pntr 25. Receipts, 1403 cases; native and nearby firsts, 54; pullets, 45a48; hennery whites, firsts, dozen, 56a58; currmztsr;zelpu, 43a45; culls and dirty a. ter—Good to fancy creamery, pound, 41a46; ladles, 35a36; store packed, 21; rolls, 31a32; process, 38a39. Live Stock Market. Cattle—Receipts, 50 head; light sup- ply; market steady. Steers, u{mloe to rime, none; good to choice, 12.00 to to good, 11.00 w 12 00‘ none, good to choice, 8.50 to 9.00; me- dium to good, 7.70 to 8.50; fair to me- dium, 7.00 to 7.50; Dllln '0 flu’. ‘00 to 7.00; common to 5.00 to Cows, choice to choice, 8.80 to DAM 750 to IIB fair to 7.25; plain to mon plain, 4.00 to 5.00. Heifers, choice to prime, none; good to choice, 10.00 to 10.50; medium wpoa 00 to 10.00; fair to medium, 8.00 to fair, 7.00 to 8.00; oommon to plain, 6.00 to 7.00. Presh cows and Spring- ers, 60.00 to 150.00. Sheep and lambs—Receipts, 100 head: light supply, market ste sheep, 2.00 to HOO lambs, 6.50 to 14. ogs—Receipts, 150 h light yl!. nnrkes Md, Il‘hu 9.80 00; heavi 10.15; medium, 9.90 to 10.20; lvn‘nl. 715 to 9.10; light pl& 9.25 to 9.50. pigs, 9.50 to 9.75. Ives—Receipts, 50 head: light sup- ply; market lower; calves, 7.00 to 15.50. Hay and Grain Prices. ‘Wheat—No. 2 red Water spot, 1.25; No. 2 red Wlnur, garlicky, s?o 1.23% December, 1.23%; January, 3 No. garlicky, no quotations, Corn—No. 2 domestic, yellow, new, 1.06; cob corn, new, 4.60a4.75. Oats—No. 2 white aomemc, spot, 56; No. 3 white domestic, spot, 5 nyb—Nnrby, 90a1.00 . Hay—Recel] none. Season for ?.ld n-¥ vl’; -bo‘;xt.tm;ler A little nfiw crop arriving, ardly enough upon which to establish quotations by grades. Where in good order new hay sells at from 14.00 to 17.00 per ton, according to its quality and condition, receipts by trucks taking care of most require- ments, Straw—Little demand for ltrlw Re- ceipts generally ample. Wh No. 1, per ton, '0& 10. No. 1, per ton, 9. FREIGHT LOADINGS. onr loadings of revenue freight on 1 raliroads of the country, as re- porud by the American Rallway Asso- ciation, were bly ur dur- ing the first week of December than the g week, due largely to effects of iving holiday. Figures for the lmdlnn‘ of f.he and comparative low. eek ending December 7.. 936,825 cars Preceding weel 837,107 cars Same week last ye sup- . 984,352 cars o i W. S. Pardonner, president of the Savannah Su Refining Corporation, :u’rulmedmmmnmnttmhhublgfl B. - gue, ‘president, has been ap- polng; to the office. t coupon oflend n p‘r have been ekl absorbed rece! in contrasy o ’vary ited nk of such issues unz‘mnnanl '.I\M Canadian Paci In the same are $15,000,000 5 per cent bonds of a St. Louis public utility which n- L offered tomorrow at Awnuuom in advance for of this character have been relativeiy popular Not much is in the way of foreign issu f-0) City of Berlin one-year note :'l’l/,peruntbuuhuumlhn- doned, owing to the objections to It by the German government. German Loan. Rumors of a loan by by cables stating mc ichsbank Dr. Hjslmar Bchnnt. haa wved an $80,000,000 w‘;"“.;vun b Wi during mlmlu month of No- $68, no 000 for the same in 15}!]:: l; monmell‘:’l e al rupm ith b nnlnce ‘compa! bx}:oulht out -ppmnmnely u 325,000, 000 of investment trust and trading corporation _shares between January and ihe end of October, of which 6u per cent was crowded into the months to | 5 Juy, Auxun. September and Octo- ber, the indicate that only $3,435,000 stocks of this character were floated during November. Promoters of this type of security are now turning their attention in other directions. METAL MARKET. : NEW YORK, December 18 (#).—Cop- per quiet; electrolytic, spot and future, 18. Iron quiet; unchanged. Tin easy; spot and m"b‘a }:0 16; fi;'uln!'s fl‘:& s ew York, 6.25; u.d study u?o Zinc quiet; East St. lnuu !ml and future, 5.50. Antimony, 8.37. e Yesterday’s New York Stock and Bond Avenges. )s $11,m - 1030 UtP UHlity Equitie: Vacuum OIl (14%).. Van Camp Packing. . Van Camp P pf(1%). Venezuela Mex Oll. . 13 Zonite Prod (1.60).. 46 RIGHTS. % & Newport Co. Corp % & Trai w. Divihend Rate. lah Utll Power&Lt($1).. 18 &LB berry oun. High. Low. 16% 15% 39% 1% 995, 15 16% % 2% ™ 57% 28 1% 10 % 5% 3% 20% U o e M AcomBen BB NN Eapire Dec 20 * Jan. ¢ 10! J0 .1 Dividend rates tn dollars based on last annus! payment. caad ;iridend tParily extra. tPlus extse inptack e Pazeble in distributed among institutions, estates | s’ STOCKS DEPOSITED FOR B. &'0. MERGER —_—r—— Special Dispatch to The Star. NEW YORK, December 18.—The proposal of the Baltimore & Ohio Rail- road to acquire the Buffalo & Susque- hanna Railroad for its proposed $2.- 000,000,000 merged system was shown yesterday to have advanced substan- tially, in an announcement that prac- uuny all B. & S. preferred and com- mon stock had been deposited under a purchase offer made by the B. & O. m Girard Trust Co. of Philadelphia as depository under the offer, which cllled for the payment of $90 a share by the B. & O. for both classes of tock. ‘The Girard Trust Co. announced in October that 70 per cent of B. & 8. preferred and 56 per cent of its com- mon had been deposited under the of- fers It was then announced that the time for deposit had been extended to December 14. The offer was made conditional on the deposit of more than two-thirds of each class of stock and the plan becomes void if it is not ap- proved by the Interstate Commerce Commission by June 15. ‘The B. & 8. is one of the roads named in the merger petition filed by the B. & O. with the commission early this year. Announcement of a plan for general raiiroad consolidation is expect- ed daily from the ccmmission. NEW YORK COTTON. NEW YORK, December 18 (#).— Cotton opened auldy at an advance of on covering and buying which was prohbly influenced Y | by the relatively steady Liverpool cables and reports of a somewhat better busi- ness in the goods market. ‘There was some Southern selling, but it was in comparatively small volume and the active months sold about 14 to 15 points net higher before the end of the first half hour, with January ad- vancing to 17.02 and )‘ly to 1755. Houses with foreign trade connections were sald to be among the buyers on milm“ncl.' bl ported verpool cables e, covering, together with Manchester and conti- nental buying, with a cessation of liqui- dation in that market and said there were moderate cloth sales for India and South America with more inquiry from China. POTATO MARKET. CHICAGO, December 18 (#)— (United partment of Agriculture) — ts, 61 cars; on track, 218 States shipments, 531 clrl. trading very slow, market barely teady. sacked round whites, 2 26!2 40; sacked ‘Wisconsin Minnesota and North Da- round whites, 2.1082. m-hu sacked russets, 2.6542.00; fancy shade higher. m.m QUOTATIONS. RK, Deceml| 18 (#).—Bar NEW Y ber silver, “%. Mexican_dollars, 36. FIRST MORTGAGE NOTES —in convenient denomina- tions, secured by earefully selected, conservatively appraised residental and - business properties in the District of Columbia and nearby Maryland. We offer the facilities of a competent organiz- tion eager to counsel you in the profitable placing of your investment funds. * H. L. Rust Company 1001 15th Street N. W. National 8100 Eetablished 1889 ‘Shell covet this negligee A royal gift— black chiffon and exquisite lace Flowing sleeves add to its grace. little as you desire for ban- d d Give her three pairs nuum-my gitt- As low as 8195, " Sketched—K. T. C. Hoslery of » special weave.