Evening Star Newspaper, December 22, 1930, Page 15

FINANCIAL FINANCIAL - STAR, WASHINGTO D. C., MONDAY, DECEMBER 2 *¥% A_LS (CURBISSUESMOVE || NEW YORK CURB MARKET %=z | ISEEK ADJUSTMENT | [CORPORATION || [Cmatimore maricw | |INCREASE IN STEEL Direct to The Star Office REPO ol e RTS Special Dispatch to The Star. o g BALTIMORE, Md., December 22.— ® —prev.1om.~ _ Stock an e . 44 A ek et I fhe e ooy gy [y 20w, owfiena®ile Raligonen men zow. cloe R G e e B o e 2 4 Lakey Foundry..... 13 1% 3, 1% 3 l, 2. .50 , _pyhich shows those stocks to be sold in odd lots only. N eEans Contirionita . B IESTENEE O R SHAENREIRAS barrel, 2.50a3.00; beans, bushel, 2.008 r High. Low. Dividend Rate. ~ Add 00. Oven. High. Low. Close i 111 ' 111 3.50; beets, crate, 3.00a3.50; cabbage, " B e e T T I 105, | e s e o oy b e Rasiptics). - .5 |Millers Reported Ready to| NEW YORK, December 22—The fol- | yon, 19.00821.00; carrots, 100, 2.0084.00; Producers Believe Bottom of X > 9% % Alrinvestors vto. T 211 Leb C& Nn (140).4 24 8 1 today's summary of ImPOr-|eqyyfiower, crate, 15042.00; celery. X but List Holds Fairly 24 4 Alrinvestorsevof.l. 1 4 4 LeonardOli. Buy Farm Board Surplus tant corporation news prepared bY|crare, 150a275; eggplant, crate, 1.50a Price Level Has Now 1324 79% Ala GreatSou (113). 4 794 79%5 Lerner S : Standard Statistics Co.. Inc., New York, | 350" kale. bushel, 50a65; Jettuce, ham- Fi 104% 100 Alabama Pwr pf (6). 50s 100 100 Ley (F T) & Co (3).. . L I for the Associated Press: per, 1.75a2.75; peppers, crate, 1.0082.50; B R irm. 23% 10% All AmGen Corp. 2 104 10% Ty Tuitp Cun (134) at Foreign Levels. Wewis Sl i Il 76 W HO0L. mottime een Reached. 3 1 Allled Aviation. 3 g g 3 bushel, 60a90; tomatoes, crate, 1.00a B AN ATk S00 R Les i18E i Dividend announcements continue to | bushel, : , crate, 1. 111% 104 AluCoof Am bf (6). 1 106% 106'5 19% Lone Star Gasn (1), Shecial Dispatch to The Stat. ggfn‘lxs‘nczl;;onr:':mn?’twgukg;ngu’:gv;fig; :fl?fielfu&gfin?‘gfi&zi::mbbx,wflfi Special Dispateh to The Star. 244 13 Alum Goods (1.20) 5 30 Long Isld Lt (55¢).. e e 3.75; grapefruit, box, 1.5083.00; oranges,| PITTSBURGH, Decem! BY JOHN A. CRONE. CHICAGO, December 22.—Prices of Special Dispatch to The Star. T% 1% Amwmer Austin Car, 100 Long Isl cu pf B (6). 5 NEW YORK, December 22.—Early _ frregularity and activity on the Curb " Exchange today were replaced by de- * clining quotations and relative in- activity as the session progressed. In the power and light division Elec- tric Bond & Share sold off about 1% points before showing signs of resist- ance. Citles Service, after stubbornly holding around Saturday’s close, re- acted fractionally. Standard Oil of Indiana opened up 34 at 35, but lost all of that gain dur- ing the first two hours of trading. This was true also of Standard Oil of Ken- tucky, but Humble Oil and Interna- tional Petroleum during the same period_retained their initial advances, while Vacuum, after opening lower, re- covered and registered a slight rise. Cleveland Tractor moved lower fol- lowing the announcement that it had halved its quarterly dividend with the payment of 20 cents at this time. The fresh decline in farm commodities brought short selling into Deere & Co. The third successive quarterly com- mon dividend readjustment made by Knott Corporation caused it to sell at a new low for the year. A decline of one point followed declaration of 25 _cents quarterly instead of 40 and 60 cents quarterly declared in the two pre- vious periods. Stocks not only responded to unfavor- able dividend actions, but to favorable ones as well. Swift International, for Instance, increased its yearly rate from $250 to $3, which action today was somewhat discounted by the 3-point rise in the shares Saturday. The stock, however, was slightly firmer today. in the forenoon amounted to 210,400 shares, the slowest two-hour period since December 4, when 172,600 shares were turned over. There was a notable absence of big blocks, the only one noted early being 4,100 shares of Blue Ridge Convertible preferred at 30%, off %. The announcement that Morris planned a car that would sell in Eng- land for $500 had little effect on Ford Motor, Ltd., shares, though both Ford Motor of Canada A and B eased. Alabama Great Southern common hit a new low, and Pennroad Corporation tapered, but Pittsburgh & Lake Erie was a shade higher. Glen Alden Coal rose 2 points on the first few trades. Preferred shares met a slightly im- proved demand in the third hour. Elec- iric Bond & Share preferred was up 1, Northern Indiana Public Service pre- ferred up 3 and Starrett Corporation preferred up 2%. Aviation Securities was an outstand- ing leader in point of gain in the air division as it rose 1!2. Western Air Express was up a point. Arcturus Radio ‘again led the radios in point of volume and fluctuation. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.s Bid. Offer. Byt ofer 10734 100 | e 3 5 Northwestern R. R. 5s 1933 . hicago Rock Island ds 1934... Chile Copper Co. 55 1947..... . Cudany Packing Co. 51z ' idd] . 58 19: Humble Ol 8%s 1632. 1 ternat. Match Corp. 85 i947. Marland Oil 55 1932... .. 2 3 New York. Chi. & Si. L 88 - Co_ 514z 1939 Corp. 5125 1937 nion . 55 1947000 Sinciair Crude Oil 5%s _1938.: 1 Standard Ol N. Jerse s Ir. Mt. & 80. Ry. s 19: 8t. L., Southwestern Ry. 4s 1! Union Oil Co. of Calif. 55 19: United 1953 & Co. U. S. Rubber 55 1947, Western Electric Co. 551944 i ling Steel Corp. 5las 1948 9734 Steel Corp. 4%:s 1953 86% TREASURY CERTIFICATES. L4 rted by J. & W. 5 i Bales in DOMESTIC BONDS. thousands. High. Low. Noon. 8 Alabama Pw 4%:s '67 96 Am Cmwih Pw 65 '40 7875 19 1053 105% 100% 100% 33" 83 9% 9T B s Ty De! De Det East Utlit_Iny 5s '54 5 jec P&L & 3% Am Br B fd shars. 5 AmCapital (B) . 27 AmCP&L (A) (a3 4% Am C P&L B (10%). 28% 10 AmCom P A (b10%) 37 6% Am Cyanamid (B) 6 1% Am Dept Stores. ... 22 4 Am Equities 76% 11 Am For Pow (war). 6% 3% Am Founders(bi-70) 157 T4 AmGas& Ei(1l1)... 14 804 80y 109% 104 AmGas&Elpf (6).. 1 104's 104", 4 16's 3% Am Invest Inc (B).. 4 75 40 Am Laund Mach (4). 89y Am Lt & Trac (2% % Am Maricabo. . 19% 2% Am Natural Gas. 4 9 Am Superpowr (40c) 109 8 Am Thread pf (25c). 5% Am Ut&G (B) (35¢). 7% Angio Chil Nitrat 5% Appalachian Gas. ... 3 Arcturus Rad Tube.. 4% Arkansas Nat Ga 4% Ark Nat Gas (A) 3% Art Metal Works 137 ASso G&RE A (at2. 1's Asso G&E (A) dbrts 71 AssoG & El cifs (8). 75 1'% Asso G&EI pur rt: 31% Asso Rayon pf (6)... 6% Atlantic Coast Fish.. 8 Atlas Plywood (2)... 3% Atlas Util Corp. . 1 Atlas Utilities war. 1% Auto Voting Mach. 5% Auto Vot M cv pf pt. T4 Aviation Securities 105% Babcox & WIl (19).. 755 105 1% Bahia COrppfe..eess 2 1% 1% Benson & Hedges. 13% Bliss Co (EW) (nl).. 3 Blue Ridge Cp(p20c) 30 Blue Ridge cvpf(a3) 10% Blumenthal (S) 19% Brazil Tr&Lt(b! 23 BriATcouB1.17 24% Buff N&EP pf (1.80). 20 Bulovacvpf (3%). 1% Burma Corp (t31¢) 5 Butler Bros (30c) 1% Bwana M Kubwa. ' Cable & Wire B rcts. 2 Canada Marconl.... 27% Carrier Eng nv A (1) 70 Celanese Cor pt (7 48 Celanctlstpf (17% 8 Celluloid Corp 18 CentHG&E B 90% Cent 11l Pub S pf(6). 10; 11% Cent Pub Svc A al.75 7% Cent St El (k40c). .. 4% Centrifug Pipe (60c) 13% Chat Ph Aln.v, (1).. 39 Chicago Cp cv pf (3) # Ch Nipple Mfg (A).. 134 Citles Serv (g30c)... 192 79 Clties Serv pf (6)... 93 44% Clev El Illum (1.60). 85% 5% Clev Tractor (1.60).. 4 Colombia Syndicate. 1 Colon Ofl..eu.uesess 20% Colts Pat Fire A (2). P 3% Col Oil & Gas vtc. ... 54% 16 Col Pict vtc (f13%).. 17% 335'3 217% Com Edison (8) 6% 1% Com & Sou war. 7% Com Wat Bv ( J» Cons Auto M cu p! 8% 2 Consol Copper..... 2% 13674 78 ConsGas Balt (3.60). 12 82% 82% 30% 15 ConsGas Util A 2.20. 10 Consol Laundries(1) 140 ConsM &S (t12%).. 314 Consol Retail Stores 40 Cont Shares pf B (6) 4255 45 Contl Share cv pf (6) 758 19 Cooper Bessemer (2) 1 33 CooperBesspfA(3) 2 12% . 3% Copeland PrincA... 1 17% 3% Cord Corp.......... 27% 14% CorpSec Ch (b6%).. 20% 3% Corroon & Reynolds.. 74% 1% Cosden Oll.. seeee 70 10% Cosden Oll pf (7).4.e 7% 3 Creole Petroleu: 1 #& Cuban Cane pr opt 4% % Curtiss Wright war. $% 1% Dayton Alr & Eng. 162% 29% Deere & Co (81.20).. Yly 24% 11% Diamond Match new. 274 28% Dia Match cu pf (n). 23 6 Doehler Die Casting. 567 28% DressSR (A) (3%). 18% Dresser Mfg (B) (2) 108% 14 Driver Harris new.. 13 2 Dubilier Cond & Rad 1% Durant Motors. .. 10 Durh Duplex pr pf. Edison El, Bos 13., 3% kisler Electric Corp. 17 4% 108 247 2. 117% 3874 Elec Bond & Sh (b6). 365 42in 42% 7 103% 10313 109% 100% El Bond & Sh pt (6). 98% 88 KElBond&Shcupfb. 4 91 11 Elec Pow As80 (1)... 27 13% 104 Elec Pow Asso A (1) 30 12 8% Elec Shareholdg (1). 1 9% 84 % Empire Corporation. 1 1% 15% 4% Empire FireIns..... 3 4% 30 20w Employ Reins (1%). 1 20% 20% % Evans Wallow Lead. % Favrics Finisning. % Fairchild Aviation. 2 Fairey Av Ltd (12¢). 3% Fansteel Products. .. 4% Fedders Mfg Co (A). 10% Kiatrets (1.25) # Fiat Stock deb rf 18 6 Fischman & Sons 641s 7 Flintkote Co (A). 1 100 Florida P&L pf (7).. 2 100 1% Foltis Fischer Corp. 3 1% b Foremost Dairy Pr..53208 1 184 Ford Mot,CanAt2.10. 6 26% FordMot, CanB12.10.300s 10% Ford Mot Litd 37%c¢. 9 214 Fox Theater Cl (A) 13 4 Franklin Mfg Co. 14% Garlock PKg (1.20) 4% General Aviation. 25 Gen Baking pf ( ¥ Mavis Botuing. % Memphis N G (+70¢) s Miller & Sons (2). 4 2 # Nipissing (30¢)..... 2 0 7 8 9 e T TR PSS EASEE TOTY ) Louisiana Lan & Ex. » Marconi br Mayflow Asso (32).. Mer Ch & S (1.60)... Mesabi Iro; Mid St Pet Mid St P Mid West 3 Mid West Ut A war. . 0 1 8 1 1 Mo Kan P L (b10%). MoKanPLvtc..... 5 Aount Prod (1.60). 10 Municipal Serviice. 1 at American Co 28 at Aviation. 9 atl Banksve at Bond & Sh - 2 Nat Food Prod (A).. Nat Fuel Gas (1). Nat Investors . Nat Pow & Lt pf (6). Nat Sh T Sec A $50¢. Nat Sugar NJ (2)... Nat Trade Journal. . Nat Transit (1)..... Neisner Bros pt (7). 1008 New Brad O1l (40¢ New Jersey Zinc ) 3 Newmont Min (f4).. 5 NY &Hond Ros 11%. 1 N Y Pet Royalty.... 1 NySteamCpnwdi. 1 Niag-Hud Pow (40c) 8 Niag-Hud Pow Aw.. 8 Niag-Hud Pow Bw.. 1 Niagara Sh, Md(40c, les-Bem-Pd (13).4 Noranda Mines. ..... Nordon Corp Litd.... 1 2 No Am Aviat A war. Nor Europ Oii Corp... Nor Ind Pub S pf (6) 200s NorPL (15)...c000e 2 Nor St Pow A (8). 2 Onhio Copper........ 6 Ohfo Oilneu pf(6).. 3 Okla Gas&ELpf (7).. 508 rac G&E 1st pt (1%4) Pac Western Oil. ... Pandem O11. . Pantepee Ol . Pender DGr A (3%). Pennroad Cp (20¢). . Penn Wat & Pow (3) Peop L& P Aaz.40.. Philip Morris Ine. ... Pie Bak of Am A (2). Pilot Rad Tube (A).. Pitney B P n (20¢c).. Pitts Plate Gl (2)... Pitts & L B (110). Plymouth Oil (2). Pratt & Lamb (t5). ) @ 4 Prince & Whit (25¢). Prince & Whitely pf. Prod Royalty (f1) Prudential Invest. Pub Sve. Nor I11(8 Pub Ut Hold (50c).. Public Utli Hold war Pub Ut Hold xw 50c. Puget S P & Lt p£(6) Pyrene Mfg (80c)... Rainbow Lum Pr A. Rainbow Lum Pr B.. Reiter-Foster. ... Rellance Int (A) Reliance Manag. Rike Kumbler (2.20). Rock Lt & P (30c)... 4 SafeCar H& L (8).. 258 Safeway S w(2d)(C)340s St Anthony Gold.... St Regis Paper (1).. Salt Creek Con (40c) Salt Creek Prod (2).. Saxet Co....... Schulte Un 5c-31 St. Seaboard Util (50¢) . Sec Corp Gen (40c).. Seg Lock & H (50¢).. Selected Industries. SelecInd all cfs 4% Select Ind pr (5% Sentry Safety Con Seton Leather (1) Shattuck Den Min. .. Shawingan W (23%4). Shenandoah Corp. .. Shenan Corp pf (a3). Smith (A O) (2) Solar Refining...... 5 SoCal Ed pf B (1%). 25% Southern Corp. . 1 2% So Pipe Line (12).... 1 9l SouthldRoyalty (60c) T SW Dairy Products. 1% 4 SW Penn P&L (1)...100s 33% Spanish & Gen rets. . % Stahl-Myer (1.20)... 5 154 Stand Invest cum pf. 60s 38 Standard Motors. o Stand Of) Ind (23%). 1 Stand Oil of KY (12) 15 19% Stand O Ohlo pf (7). 20s 115% Stand Public Srv A..2208 5 Starrett Corp....... 6 9 Starret: Corppf (3). 6 19% Stein Cosmetlc 3% Strauss Roth. Stromberg-C (11%). Strook & Co (1)....e Stutz Motor Car n Sun Inv pf (3) Sunray Oil (b5%) ..« Swift & Conew (2).. Swift Internatl (3).. Syracuse W Mch(B). Taggart Corp (1).... Tampa Electric (32). Technicolor Inc. ..., Teck Hughes (60¢).. Texon Oil&Land (15) Thatcher Sec Corp. . Tobacco Pr Exports. Tran Con Air Tran.. TransLux DLFS.. e - 34% 100% 11 35% (" 143 4 wheat and all other grains are the lowest in a quarter to about a half century. The season’s Crop reports are all in, with the world yield of wheat for the 3,344,000,000 bushels, compared with 3,167,000,000 in 38 countries last year, an increase of 177,000,000 bushels, or 56 per cent. There is enough wheat in the world for ail requirements up to the end of this harvest year, with a ible reduction in the ¢ The Federal Farm Loan agencies continue to maintain wheat prices in Chicago at around 81 to 81}, cents for May, while December moves on_the basis of around 76 cents. With July wheat 102 cents under Decem= ber in Chicago and Winnipeg Decem- ber almost 24 cents under Chicago De- cember at close to 52 cents, with May there 56 cents, or 15 cents under Chi- cago and Liverpool 111> to 13!s cents under Chicago, there is a situation that is in favor of Winnipeg. Argentina and Australia as against the United States. Last Week’s Sales. Chicago’s trading is small, with sales of wheat futures of 97,148,000 bushels last week. This was an increase of around 19,344,000 over the previous week, and compared with a total of 292,000 bushels last year, showing between an open and et. The open interest at the clese was 157,011,000 bushels, compared with 153,747,000 a week ago, and 187,312,000 bushels a year ago. Closing trades for the week were 3 cent lower to cent on old-crop fu- tures, and 2% cents lower on July, as compared with a week ago. December closed at 76% to 76% cents, March 79% to 791 cents, May 81 to 81’5 cents 4 | 3nd July 67%% to 67 cents. ‘Winnipeg is off 214 to 3% cents from a week ago, with December 52% cents and May 56 cents. G Primary receipts for week this year, 5,354,000 bushels; previous week, 5. 067,000 bushels; last year, 5,307,000 bushels. Shipments for week this year, 2450,000 bushels; previous week, 3,- 102,006 bushels; last year, 2,979,000 bushels. Corn traders are witnessing a pecul- iar situation. The crop was the smallest since 1901, yet prices are the lowest in recent years, setting a new low level for the scason, finishing at almost the bot- tom with losses of 2% to 3 cents, as compared with a week ago, and practi- cally 63 cents from the high of around August 1 on December and 32 cents from May. Last trading on December was at 667¢ to 67 cents; March, 697 to 70 cents; May, 72 to 72} cents, and July, 73% to 73% cents. Sales of futures for the week were 152,335,000 bushels, as compared with 97,148,000 bushels wheat. There was an increase of around 14,000,000 bush- els for the week, as compared with 38,- 288,000 bushels last year. Primary receipts for the week this year, 9,000 bushels; previous week, 8,252,000 bushels; last vear, 5,756,000 bushels. Shipments for week this year, 2,769,000 bushels; previous week, 2,854,000 bushels; last year, 3,498,000 bushels. Speculators Sell Out. Speculators who recently bought oats around 31 to 33 cents and upward have unloaded, and in some instances taken advantage of price recessions to rein- state part of their lines. Local indus- tries and Northwestern elevator inter- ests bought December on all weak Spots. Liquidation has been heavy, and prices finished the week unchanged to 2% cents net lower, with December 32% cents, March 33 cents, May 34 to 337 cents and July 32% cents. Marketing of oats has fallen off and | pol is less than last year. Shorts in December rye have main- tained values at a higher level with a net gain of 1 _cent for the week, the close being 457 cents, while other months were off % cents, with March 451 cents, May 45% and July 44%. The problem of the grain trade is to bring about a readjustment of values in consuming countries, as compared with those in surplus-producing sec- tions. In Canada the government is to take care of the banks that have heavy loans on the 1929 crop, while the 1930 crop has been marketed more freely than ever and is being disposed of as|A fast as possible. In the United States there is a pros- pect of a carry-over of 125,000,000 to 150,000,000 bushels. The Department of Agriculture has issued its estimate of acreage seeded for the 1931 crop of 42,042,000 acres, as compared With 42,- 513,000 acres seeded last year with an estimated condition of 86.3, the highest in recent years. A harvest from 42,000,- 000 acres next Summer on the basis of 15 bushels an acre would produce 630,- 000,000 bushels of Winter wheat. Unless there is an exceptionally heavy cut in area there will remain only poor growing conditions to reduce yields. Latest statistics show that while we harvested a smaller acreage of all wheat than last year, the total yield was prac- tically 851,000,000 bushels, compared cl with 809,000,000 bushels in 1929, due to an increase of 1.2 bushels an acre in the average yield. Argentine Crop. Last news on the Argentine crop is a disappointment as compared With earlier predictions. The yield of 271,- 000,000 bushels as given by the govern- ment is 143,000,000 more than last ar. Y uistralia has a larger crop than last year. World's available supply on De- cember 1 of 541,000,000 was only 13, tion of a full year's preferred dividend by United Cigar Stores of America after a lapse of more than a year and the announcement of 1931 dividends by United Piece Dye Works. National Cash Register omitted extra disburse- ments on their class A and B shares and also reduced dividend on the lat- ter class of stock. Other unfavorable actions included the passing of dividend by National Rubber Machinery and the reduction in payment by Eaton Axle & Spring and Pittsburgh Steel Foundry. Higher earnings statements were issued by Arundel Corporation and American Ice Agriculture—World wheat crop, ex- cepting Russia and China, estimated by Department of Agriculture at 3,784,- 000,000 bushels, against 3.495,000,000 in 1929. Russian crop placed at 1,154,400~ 000 bushels, against 702.851,000. Agricultural machinery.—Reduced ag- ricultural purchasing power and con- tinued holding of grain by many farm- ers hoping for higher prices are re- stricting farm equipment purchases. With the fundamental situation ad- verse, the current quarter will likely be one of small profits, if not actual losses, for most producers of agricultural ma- chinery. Lack of demand and increased operating and selling expenses will be responsible for a sharp reduction in full year 1930 income of these concerns, which probably will end period bur- dened with unusually large inventories and receivables. Paper.—Production of paper in 1930 estimated at 9,962,488 tons, against 10,- 984,000 tons for 1929, decrease of about 9 per cent, according to reports American Paper & Pulp Association. It is estimated consumption of paper made in United States will probably be approximately 10 per cent below the level of 1929. Shipping—Principal transatlantic steamship companies reduce better class passenger rates 10 to 50 per cent. ‘Wool and woolens—despite prospects of a smaller total clip for 1930 the world statistical position of raw wool is still weak, Surpluses have been argumented as a result of curtailed consumptive demand and evidence is lacking that stocks will be reduced much during the near term. Thus, despite the relative stability of wool prices in recent months, some liquidation is probable in the early future. Domestic woolen mill activity has recently been increased to around 45 per cent of capacity, as compared with 40 per cent in October, but no further increases are likely be- fore mnext Spring. Furthermore, while producers’ stocks have been reduced to some extent, carryovers will, neverthe- less, be substantial, thereby necessitat- ing inventory adjustments. In view of this prospect as well as low profit mar- gins prevailing, little or no earnings will be reported by most manufacturers for the current year. The Companies. Allegheny Gas October Natural gas sales up 101 per cent. American Ice net before depreciation and Federal taxes, 11 months to No- vember 30, $5,609,002, against $5,528, 475 in 1929 period. Arundel Corporation share earnings, 11 months to November 31, $5.20, against $4.53. Eaton Axle & Spring cuts quarterly dividend to 40 cents from 75 cents; 1930 indicated share earnings $2. F. & W. Grand-Silver Stores—$6,- 000,000 debentures with common stock purchase warrants, sold to bankers Oc- tober 7; $3,100,000 of proceeds used to purchase Canadian properties of Metro- politan Chain Stores, remainder for working capital. Subsidiary Metro- litan Stores, Ltd., also sold $2,000,000 debentures to same bankers, using pro- ceeds to pay off bank loans of about same amount. Lake Superior Corporation reorgan- ization plan proposes new holding com- pany and share exchange, $5 new cumulative preferred stock and one new cfimmon share for each Lake Superior share. INVESTMEP.IT TRUSTS NEW YORK, December 22 (#).— Over-the-counter market: Am & Cont Corp. ?|carrots, per 100 bunches, 6.00a7.00; Founders conv pf ctfs. B & British Type Invest. hain & Gen Equiti & Gen Equit Store Invest... Store Invest P Ghain, Stores Share O st . Cumulative Tr Shares. Deposited Bank S| 5 Eauities Investors Corp Com. jcommon to p! 0| ate supply, market box, 1.75a3.25; tangerines, box, 1.00a 1.75. Dairy Market, Poultry, alive—Turkeys, pound, 32a 35; old, 20a28; chickens, springers, 20a24; Leghorns, 15a18; bareback, 12a13; old hens, 18a23; Leghorns, 12a16; roost- ers, 18a23; ducks, 12a20; geese,.giena fowls, each, 30a60; pigeons, pair, 20. Eggs—Recelpts, 297 cases; nearby firsts, 32; hennery, whites, firsts, 34a35; Southern firsts, 30; current receipts, 30. Butter—Good to fancy creamery, pound, 30a33; ladles, 23a25; rolls, 18a20; process, 28a29; store packed, 14al5. Live Stock Market. Cattle—Receipts, 500 head: moderate supply, market weak; steers, choice to prime, none; good to choice, 8.5089.50; medium to good, 7.50a8.50; fair to m dium, 6.50a7.50; plain to fair, 5.50a6.50; 4.50a5.25. Bulls, choice to prime, none; good to chcice, 5.50a 6.00; medium to 3ood, 5.25a5.50; fair to medium, 4.75a5.25; plain to fair, 4.25a 4.75; common to plain, 3.7584.25. Cows, choice to prime, none; g 5.5026.00; medium to fair to medium, 4.00a4.50; 3.00a4.00; common to plal Helfers, choice to prime, none; good to choice, 6.75a7.75; medium to good, 6.25a6.75; fair to medium, 5.50a6.00; plain to fair 5.00a5.50; common to plain 4.50a5.00. Fresh cows and Springers 20.00280.00. Sheep and lambs—Receipts 75 head: Sheep and lambs — Receipts, 800 head; light supply, market higher; sheep, 1.50 to 4. ibs, 4.50 Hogs—Receipts, 2,500 head; moder: her; lights, 8.90 to 9.15; heavies, 8.25 to 8.75; medium, 8.90 to 9.15; roughs, 6.75 to 7.70; light .75 to 9.00; pigs, 8.90 to 9.15. Calves—Receipts, 400 head; light :\lpply, market higher; calves, 5.00 to 2.00. Hay and Grain. Wheat—No. 2 red Winter, export, 178; No. 2 red Winter, garlicky, spot, 78; December, 78. Corn—No. 2 domestic, yellow, old, 84a85; cob corn, new, 4.35. Rye—Nearby, 55a60. Oats—White, No. 2, new, 44a45; No. 3, 43a44. Hay—Receipts, none. General hay market strengthening. Drought has seriously curtailed nearby crops, chang- ing the entire situation. Sections heretofore shipping are now asking for offers of hay. Good clover mixed and timothy new hay will bring from 24.00 to_28.00 per ton. Wheat straw, No. 1, per ton, 9.00a }g.gg; oat straw, No. 1, per ton, 9.00a Butter—One-pound prints, 3712a38%; tub, 36a37. Eggs—Hennery, 33a35; current re- ceipts, 28a30. Poultry, alive—Turkeys, young, 33a is 35; old, 28a30; chickens, 17al8, - horns, 16; fowls, heavy, 15a16; small, 14al15; Leghorn fowls, 12; roosters, 13; ducks, 15; keats, large and young, producers do not regard fact that the stoek about a dozen fresh low last 10 weeks. They bel been responsible for part of crease in the demand for steel, another provement. always has begun its increase in Janu- ary. Farm lement manufacture does not always increase promptly after January 1, but it has been at such a low rate that early im 'ment is ex- practi- ted. Line pipe eal tations are that no cally nil, but little business will be closed before the end of January, ments may not be ical in also now in ht in lucynrm?mnflwm T in the two o B (S e and INCREASE IN ELECTRICAL POWER USE REPORTED By the Associated Press. 5060; old, 25a30. Dressed—Turkeys, | tricf young, 40a42; old, 35a36; chickens, 20a 22; Leghorns, 18; fowls, heavy, 17a18; small, 17; capons, large, 37a38; small, 32a35; ducks, 24a25; roosters, 15; keats, young, 70a80; old, 40a45. Meats—Beef, 18a23; veal, 18a23; lamb, 20a23; pork, loin, 24; fresh hams, 24; fresh shoulders, 20. Smoked—Hams, 25; shoulders, 18; bacon, 27. Game—Rabbits 20a30. Lard—In bulk, 1212; in packages, 15. Live stock—Calves, 10; lambs, 8. Fruits—Strawberries, per quart, 1.00; oranges, California, 3.50a5.00; Florida, 2.50a3.50; grapefruit, 2.50a3.00; tan- gerines, 1.50a2.25; kumquats, per quart, 20; grapes, Belgian, hothouse, per pound, 85; Emperors, 1.50a2.00; cran- berries, 3.75; apples, bushel baskets, 75a2.00; box stock, 3.25a3.75; lemons, 3.00a4.00; pears, box stock, 3.25a3.75; pineapples, 5.50. Vegetables—Potatoes, 150-pound sacks, 3.00a3.50; sweet potatoes, per bushel, 1.5022.00; celery, California, large crates, 5.00; New York, small crates, 3.00a3.50; cabbage, new, per hamper, 2.0‘0; old, blO(;;l}minzds s‘nbc‘l’u, 1.50; par- snips, per bushel, 1.25a1.50; peppers, per crate, 2.50a3.00; broccoli, 3.50&43;: beets, per 100 bunches, 6.00a7.00; peas, Mexico, 45-pound _crates, 5.75a6.00; mushrooms, 1.00a1.25; caulifiower, 2.00a 2.25; tomatoes, repacks, 2.00a3.00; hot- house, 8-pound baskets, 1.35a1.75; cu- cumbers, fancy, per dozen, 1.8082.50; French endive, 10-pound box, 2.50; string beans, 4.00a5.00; kale, 75a1.00 spinach, 1.00a1.25. Last Minu Quandary nt e Sergy gonirited energy in the United States in IDWM 98,582, 000,000 kilowatt hours. The gross ratio of quantities e.mmd across State lines to quantit generated during 1920 was 15.18 per cent. The gross ratio of quantities to quanti- ties consumed was 19.64 per cent. The report lists 448 corporate and other senders or receivers of electric el across interstate boundaries, including some in Canada and Mexico. CHECK TOTAL GAINS. By the Assoclated Press. comparable Week ended December 17, $13, 054,000; previous week; $10,t same week last year, $17,080,090,000. 25 Gen Capital Corp. 14% Gen Empire Cor ¢ Tri-Cont Corp (war) 23% Gen Firepr (1234 ) 12 5% Triplex Safety Glass 37% Gen G&E cv pf B (8) 21258 4474 6 12% Trunz Pork S (1.60). % Gen Laundry Mach.. 9 3 Tubize Chatel (B) 25% GenThevpf w.l(3). 4 2T 27 6 Tung Sol Lamp (1 100 Gen Tire& Rub (16) 10s 100 25% Tung-Sol L pt (3) 36 5 GleanerC Harvnew. 6 5 13 Ungerlelder ¥ Corp. 121% 50 Glen Alden Coal (3). 3548 13% Un N G of Can 11.60. 16% 6% Globe Undwritrs30c. 4 % 20 Union Oil A€80 (§2). 6 % Gold Seal £lec new 2 g 1 3 Unlon Tobaceo. 46% 5 GoldmanSachTC.. 138 7 14 Golden Center. 2 39% 19% Gorham Inc pf (3)... 508 3's % Goth Knitback Meh. 3 W & 4 14 Utd El SV pr war.... 21% Graymur Corp (1)... 217 22 ; 614 Utd Found b2-35 sh» 1156% Gr A& P T pf (7) 1 116% 116% 4 6/ 6% Utd Gas Corpn tAt&Pac nv 15.25. 208 165 165 16 : 21, Utd Gas (war) ef & Br pf X (7).. 258 96% 96 ' 81 Utd Gas pf (1) 3 2% Groc Strs Prod v.t. 19% Utd Lt & Pow A (1). 4 Ground Gripper. 4 87 Utd Lt & Pow pf (6). 166% 68% Gulf ULl of ia (1 6 Ctd Milk Products % Happiness Candy U S Dairy (A) (5) 1 Hartman Tobacco. 2 U S Elec Pow ww. 13% Hageltine Corp (2). .2 U S Foll Co B (50¢ 5 Hollinger Gold 165c. U S & Int Secur. 314 Hudson Bay M & 8 U S & Int Sec 18t 8% Humble Oil (12% U S Lines of (1).... 50 Huyler Strs cu pt(7) U S & Overseas war. 22 Hvdro Elec Sec (2)..3508 U S& Over ctfs 28 % ¢ 2% Hygrade Food Prod. Utd verde Bxt (2)... 15 Lmp Ot of Can (60¢c) Jtd Wall Paper..... 15 Ind Pipe L new(t3).. Util Pow & Lt (al).. 13 Ind Ter 1llu Ol (A).. Utllity & Ind. . 13% Ind Ter Illu O1l (B).. Ut & Ind pf (1%).. 45% 1nsCo N Am (13).... Utlifty Equitie: Sweringen 6s '35 80 5% Insurance Sec (10¢). Vacuum (14%). P Ber 515 '46 A 93% % Intercontinent Pet n Venezuela Petrol. Wor BorTor o a'%i M2 #% 8 IntHolding & Inv Co Vi Finan Cor (40c). 45% Intl Hydro cvpf 3%. Walgreen Co 11% int Petroleum (1)... Walgreen Co 20 IntSuperpwr (f1.10). Walker (H) (1). 30 Int Utilities A (3%). ‘Watson (J W) Co. West Alr Exp (60¢ Wil-Low Cafeterias. Wil-Low Cafeteria p! Winter (Benj) . 000,000 bushels more than on November | Eauities Investors Corp Unit 1 and 12,000,000 bushels short of a year | ESderaied, Cup br... ago, the loss being mainly in Canada. | Fixed Trust Sharcs A Millers have bought cash wheat more | Fixed Trust Shares B freely of late, but so far have been un- [ Seneral Eauity A, able to arrange with the Farm Board's | Fundemental Tr Shates B. companies for a price for wheat that = would_enable them to_enter the ex- port flour trade in competition with millers of other countries. NEW YORK COTTON NEW YORK, December 22 (Special). | favestment Trust of ¥ —_Cotton prices advanced 4 0 11 POINLS | Jackems & Giotie Tnvest at the opening of the market today.|Jackson & Curtis Sec Corp p! There was continued covering by shorts | Leaders of Tndustry.. in dt.sunlt p’osmons. 'L;rfic b;xying!hw?.s responsible for some of the strength in nvest.. . near months. Mutial Manase oo Opening prices were: December, old, 9.80, up 6; December, new, 9.76, up 5; January, old, 9.72, up 4: January, new, 979, up 4; March, 10.06, up 4; May, 10.33, up 4; July, 10.58, up 7; October, 10.78, up 11 GRAIN MARKET CHICAGO, December 22 (Special).— July wheat dropped to new low evels for the season today under selling in- fluenced by weakness in Liverpool and Buenos Aires. Old crop months held steady on Farm Board support. De- |S¢! _c,ember old opened 775% to 7612, new, May, old, 81 to 813 w, 81, to|S! 81%; July, 65% to 65l After the first half hour: December, old, 76l%; new, 767%; March, old, 79%; new, 79%; May, old, 81; new, 81%; July, 65%. | Tra: New lows for the season were made under selling caused by the break in July :he&}‘ti. lgecember. old, 66 to 657; v March, old, 6915 to 69 new, 69%; ukon Gold. .. . ;3 i Y nlon(l;'l?ld May, old, 71 to 707; new, 721 to re 10% Com Edison..Feb 2 61 1% 1w 1w |73 After the first half hour: De- 2" e bubsr NN Feb.2 17 10w 1ow 154 1o Gl S S SR LT ¢ GE BANKERS W, i May, old, 71; new, 71%. " : % | pambn B e FRarily ertre Tles aTh Sioet | Oats were lower. My, oid, 33%: 1Y 8 t & AR LA SREEEL. N Ws 10 | B¥a7able an chinor viock. b Eavebiein stock.” « Adlustmendivl: ' new, 8305, After the firs¢ half hour: WASHINGTON D.C. 15 v A X L4 alsh® un Siock: May, old and new, 3315, \ 3 Provisions were lower . ANY men right now are in a quandary about Christmas gifts for their family and friends. Gen- erally they end their difficulties by merely writing out generous checks. 1 1 3 1% General Baking 90 12 1 8 Soam-BuaaSEon S8 ewne 4 Utd Carr Fastener. 15 Utd Chein pf (3) 6 Utd Corp (war). I M AN R IR R DR NN A NGL B Buy why not give them something that you would like to receive yourself—a safe, profitable security such as the 6 per cent First Mortgage Notes offered through Swartzell, Rheem & Hensey Company "9 2! R ), " H 0L o A 3 FEERLE o Place these Notes in the Christmas stockings of the members of your family and you have given them pres- ents that keep on giving—twice a year, these Notes bring a reminder with their steady, substantial income yield. They can be purchased in de- nominations as low as $100. S S84 dosdgeds 158 3’ PO O P, - WO =0 L 225 dos? » *ope! € - £ ggu * Camp Pk 65 @ Rusts e oo B i M munwomarn ol arelonasSanaBues SwARTZELL, RHEEM & HENSEY CO. *F 55 22T 3IB3288228 quiti 28% Interstate Ecn pf(3) 83 Interst Pow pf (7).. 6% Irving Air Chute (1) 24 ltalian Superp (A).. [ ME 6428 A 53 ww 64 ‘Cons Mun 6s 47 DRSO T L Waop s o €00 00 6060060060600 06000°000 000000 w0 S POONOE R RS 14 & &I 7 Johnson Motor. % Jonas & Naumburg 9% Kleinert Co (1).. 16% Knott Corpn (al. % Kolster-Br (Am 28:32822383282288 *Ex divit 1y 18 e ‘with grain, S