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Half-Cent a Poimd Break in Cotton In Heavv Selling Pre-*8iirc Attributed to Dull Outlook for Goods Trade and Other Uttsettling Fac? tor?: SI3 a Bale Drop There was a further and scvcrc break in thc cotton market yesterday. "winj- to more aetive and peneral sell :rz. The price of May contracts was forced down tolfi.oT.or within 2 points of ti-.e low level touched on the de? cllne of last November, and more than *!3 a bale below the hij-h price of January ::. Closing prire* were lhe lowesl of the ilay. with thr market < a;-;.- i,t a net Heehne of 4'."? to 69 points, ? ore than half a cerA. ? - w?s v : ia trade buvtng ???. ex eea during the .??:, <r rar: of thr dav, but later tha little support ln evld nce waa attributed to :h<- profll taking of re. eenl aellera, and the market waa extreme ? nen '^ and unaettled during thi en *?-?? ?-??.?.-, Bt terated ra;. ??' un? favorable i-ail" at home and r.bva.i were " by talk of an caalng apot I ?? ' ln the South There vicrr nlao ? inn >ra thal the Genoa conference had been ralled off, and m fi \ .,v reports '- Bomb.iy were oftaet by the reporta rf r -?- ln Ejrj r *< th ng waa heard of any Improvement In the demnad for spot cotton In the South I weva and private advlcea created an li ;< lon here tha* holders wort !?? n ' - :? more anxloua lo Ilnd * market fur ?? owing to thi approachlng of planl ng aeaaon '? officlallj rep rtud, the Southe marketa were gcnerall; BO to 3 ; >inU lowr, with Houston reportlng eal< * 3 I l be ea ? ? .i de . ne of 75 !??? ? ? 18.85c foi - Idl ng Mlddling quotat oi Ir th ?;?' ? arketa now rw^c- from 16.25c to 1 7 3 ?? con pan I ?- I h 16 He, th ? ?? Mat h . itraeta ihfj ? '? ?? rork nw ?ri,,. ? . .. ..-. *, - ,.., ? Cotton ' ?? Q . ? nnd 65 poin Is lo\i v ' ? 7 No salea wer< rei>orl ? range of pr Op*i i*:er> 1 ??!. . ,se ? ' ?? ? y.r. 6.60 16.80 1 6" 16.31 f" "?>-.. 16.S3 16.90 16.36 H ' 38 3 7 16.50 3 " ' 6.1 " ' - ?? I 6.3 0 16.1 ? 3 ?. ? ? 16.03 18.07 13 7" 15 -<???? 15.72 :?'": " .?-??') 3 <;?-'?? ?.. Nov... , Ii'i . - 17,.-' r>? ' 10 13.42 1 13.03 53 Southern ->pot Murk?-t> ?,.,?.?? m qul " p ta lo-* ei at 16.20, ,.-i lea. 7r. bal- ?? '-' - i '?? ??.. na qulet. ?.i lo** ? at ' '?? ? ? ? ' ba lea M ib 3.ilel ! n low . r, *? 15.23c: aalea, 1" l..il^. N'orfoll qulel T- lowi r, at ' 7. .-;.'. ? ? ? Uemphls ?l?ady 3 lo ? - at 17.25. si ' ?> F.0() balea. Houaton al ndy 7 Iowpi at 15.S*>? aalea * - i h.iles I.lttle 73... k quiet. 3*% lower. ?? 17.26c; Bales, : 8 balea 1 inllaa (='? adv. , ''? ' ?????*?. at IS 45c; aales. 7.33 1 bab a ."?! ? ?? ;? - merj dul 60 lowei ;> ? 17 " *i. a? ? - nil Fort Worth qulet 6? lower ?t " "6i aalea. 2C bales. Cotton Statlstlca reater- Last Last Tr I receipts .. 23 107 ??-. na s 1 >' ? Exports 35.40' 23.578 ' 1 67 ' Kxnorta sa son 3,60' 524 3,7", '?,*t60 .'??'?'? ? V V atocka.... 80.949 K 636 58 'igs p ? . ? . , t>247 ........... (!-?? -:??--?. ;- ta. 3r ir'3' 17.4.-7 37fi.fi do a,.';..:-r'? 28,707 ? 260 . "I (25 Liverpool Cablea Spol - tl qulet ? II ? nta decllne. Mlddling '? 72 ! .-.<?-?? S.oeo l ali s Arnerli a n, ? ! 00 balea Ini l 900 ^ meri. an nona K-uuroa n: i ' " ly at 7 ' polnta d' eline. eloaed it 28 to 36 polnta de< :'r\> .Tanuai i ?"'?'' Mareh, 9 5Ed. Mr D 54d .Tuh 95*1 ' ? ' ibor 9.24r] ??.???'> . ,-. \-n ^i-v ' hol off ? il . . . ioo !?... ' fOlton^eetl Oil Siifiar and (!?)ffcc a\mn *-ngar Tittureh- Thc rangi- e! rn!'-.',a. '.' ed Op ti High. Lon .Cloa i los Fe b r u a i ... Mb: r-h ..'... 7i 7 : . l April . 2.314 2.1 Ma> . 2.6U 3 fi 7it r^ ::: . ???. .? .. ?. rangi of price ' ? -3 ? ' ] - 1 - 0 ?:?.. . '. Mi i ?*o;id? >'-r"" ? ?? ? ???.. - 1-. ? -.-. ? , n-, . ?% I - Ssl 101 ' r. '.i ' E l k ho r i ? - ?. <-. c, c ^ .'-, c, " " ?? ? 96 35 ;<3 . " ' ? '"-?'. 674 67*4 " '" ' ' 70 70 rj 100 l . I r. 1 - . . g j , . -, ' ' ' * V os ?? 78*4 . ? ', 75 . J000 V ?' A V ? ?- <>7 ? Boston Tuj-b Bld A?a. . ? Arh Kxttt ? ? v.. - i ? er.. 1 < : ? | ?,- - ? Arlts ripToi ' Me"! M, v~ I_l ' Hi.M -.-. -- ( Chief Coi ? , Mutua D T 'alavera (i 1>4|M narch tTyatal w.60 62 Vtl L 4 Z ' l-'li . 6 . Vixon '?"'? BI v, , Ran ,. C'ro : ? -? Metals ? 0! R, . | 10 Texana ; i v, ver ;-? Iron ^o^(o" Mining *?'''** . . Open High, Lot- Laat 1 V ' 3 1" :i 7 ..'* 13li ' ??"' Pf-1 , -? . -,-?.? - M-k fi 66 65 65 '?? Al "ir- . ? SSOAnacoi la o . .n., ,!? 4t.. 105 \rcadian '?' ' ' ? . "?' ?? , 0 Bingl ? ? 13*-- 13*-. 20 Butt 190 Cal / -. ..? ng 1 ' ' | ? 7 v n ;; fj - .- , Carsoi ? ?. - . " ? .. o pper 1 . 43 > ; 1 " 600 Davis Da -?', -.^ t ? *"' Baat 3 ' ', 17 -? ? 175 Island Creek 8614 -6 ?-, 1 * ? . ; 1 200 Iale B ? ., :?- :?=.-, 7 ? u '.s ' ..i La 7 ' '5 Mayflower O C 5 Moha a. S 55 4 ^ *0 7^'-^:i^;a - , : , l'n 151" ..:?? \-iv Cornelia ?' *-, 3 ? \ 1 ; ?. 1 v, ? 70N plss ng .6*4 ?', 6H 6H *?' * rtl Butti ? , 1 -. v i . ?., <** Old J?s4 as*, a 156 Oseeola . . 371 3514 ,'- reel 1474 i 4-, !4t; -, 100 C 111 . 4 6 46Vj 4?3 4-; ' v 65 Shannon 7 A, 1?? : 1 1 2"** Mary's Ld. 46' 4ri' 4 1A 1 J? ?*i 2-h 350 '! 250 Tuo:u::-.r.e . 67 ' 67 ' 66 170U S Smeltsn :,.'??- 75:, 7S* s$u, J;?_<IO PM ? -44 4V3 4-3 ?; 4-)'s !*-> C an Apex . . 7 \ 7 *.. 2 *% 2 *? U0 do Metals .. l& ]t. , J {J Railroads 10 Boat A Alb'y. 1S4 3*14 134 174 "Boat Malne . 15*4 16*4 15*4 15*4 j do pfd . . 20 7*n 20 20 I 7' "3 .. W El pfd . 3?i *', " :? ? . ' .?';-.?? Cent . . ?'? ' ' -.'? ? ? . ? ' VII & H. 3 1 3i-( 14 14 "' - 3 0 ''>:??: ('? .or.y . ,'??: .'. ... . , I '' '*? est 50 50*4 " 0 .. ' *> io pfd . : ?? - -j 53 " , : j Mlscellaneoaa 60 Arr. Agr ... 74 34 7.4 74,1 Jl do pfd ..... 684 BSV4 58*4 58' , l?Am B-sch ... 31V, *m, 364 38% I What Things Cost Quotatione are caeh pricea in primary markets, Commodity and unit. Preriotn 1920 range FOOl'8? V*?ter?Uy <?**? High. Low. Wheat (No. 2 hard) bu. $1.25', $l.23\, *3.60 S1-? Corn (No. 2 yellow) bu.67 .67'4 2.31% .04 j Oats (No. 2 white) bu.46'2 .48'; 1.60 60 Flonr (?prln? pat.) bhl. 7.25 7.25 18.26 9.00 B?f (f.mllT) bbl. 15.00 15.00 23.00 20.00 Pork (m<M) bbl. 22.60 22.50 47.00 29.50 Sugar (granulaled) lb.051 .051 .23 .08 ConVr (No. 7 Rio3 lb. .08 5-16 .08 5-16 .10% .08'2 Buttcr <crfaro*r>, Tirst) lb.33' 2?.38' 2 .33?.38' 3. 77 ?r'1'** Eggs (irwh, flrst) doz. 50 @,53 .521?.53 .Pl .42'; TEXTIJ.ES? Cotton <middling-pland) lb.167 .1735 43% .141, Print cloth T38-iW. 84x60).08 ? .08'4 26 -07' 4 Silk (raw, No. 1 Sin.) lb. 7.40? 7.46 7.40? 7.45 37.45 5 00 Wool tfin* Monlana ecoorHi lb. .90? .95 .90^ .95 2.00 .80 METALS? Stc*l hill*t.s (PitUburgh) ton... 28.0O@30.OO 2?.0O?30.00 65.00 43.00 Iron (No. 2 fdrja, Phila.) ton... 20.34?21.20 20.34@21 20 6.?.50 33.10 I.*aH (spot) lb.048 .048 .09' t .04'j, foppor cpot) lb.14 .14 .19'.- .12' 3 Tin (Straits) lb.31% .30'/2 .65'.. .32 RIBBER, H1DES, ETC? Rnbbfr irib-smoked shr*t?) lb... .'6;4 .16 4, .64 ?-a .13!'?. Hidw (ralfskin*, city) 9 to 12 lbs 2.60 2.60 10.50 2.1" < rndf oil (PrnnKTlvanU) bbl... 3.25 3.25 6.10 5.00 ' oal, (fumarri ton . 12.85 12.85 15.75 14.50 \\a lnrsdnv's Open. Hlcli I.ow ciost cloaa i l, tobf r -8.24 8 22 November 8 22 S 21 !>"?? mb< - . ?32 !> 22 S 22 8 20 5 20 Butter, ( heese and Egga Buttor?Recelpts w?r? 8.91B paekages. Creamory, hlgber than extras, 39%@40r; extras 92 score 39c: firsts, 33% @38%c; see onds, il iwer grades, 30c: central izo.l c-a.rn. 90 acoro. 24%@.3,6c; 89 score ' '.. a..'.. . v. ;,. .,.,. ; / a. .,;? ?;-,? . 85 (? S7 score, \'? I2i . unaalted, higher than ex? tra 10% <S !!? extras, 92 score, 39@40i . .-.??- 38%?3S%c: sercorrds,' 31@**3e; low ?? grades. 30c; held or storage, high sror ing, l.-i '."..- . a.-as 33@34c; firsts 11% 5?S2%c; (.ridi "a??-,;-; st'ate dalr; Hibs, finest, 17 " 'c; good to prime, 33<(t'36c ? - a lo fair. 27?31c; ladies, current extras, 29 @ 31c; firsts, 2515127c; - onds 7' ower grades, '.'1 v l'.'%??. ? ?? king siock, curr?n( makciXo 1 ?' i :- v> . 22%c; N ? 2, 21; lower grades, IT -, .r<. i lieese Rec?dpts were 722 boxes New Voi - Stati flals, held speclale ''.''?.? a ::. %c: fresh -;?? als '.'-7'- average run, fresh .'''? ??:.'; twins, held special 22% fresh specials 20%e; average run. Wi on* n double Paislcs, colored, : | ??,- -as'. 1 aa ? ,? roloi'-d ? outrg A merli as 21 U ? 22c; I -?/ 1 7c I gg>. Recelpts ?.. <-r.- 15.024 u?" Fresh gaihered, extras dozen, .-'.-?. ;.;, . <-xtra ? b l(i :-??; flrsts, 50? 53c; seeonda, 49 77 ? rtles, regular packed, Nn. 1, 94 ft ."? . , No . nnd poorei 29@ ? ? . rh?rks. fair to ? h.a .-. dry, 7'9'a lic; refrigerator rgj-?. firsts, 31?33c; seconds. 28@30e; whlto rzuc refrigerator, 25@S5c; sterillzod whltes, J. '"'.'.a, brown and mixed colors, 26@o3c; fr*sh, nearby and nearb; Western, hennery whltes, extras, 64c; .aar;, firsts, 62@63c, llrsta, 5S?60c: nearby gathered whites, flrsts tn ^a,i firsts, . 8@63i . under grudes, 57c; pullet . ers. graded, "mallest out, 1- 1 ..?. unassorted, 4457'" 46c. Paclfie Coast, 1 hltes extras, M, , 1 .tra flrsts. 63@64r, ls, graded, smallesl out, 48@60c; un? assorted 44S5 46c; other Western and Southern, gathered whites, 52@60c; nearby and nearby Western hennerj' browns, extra, 6S@60c: nearby brown ar,i mixed colors, gathered pxtras, 5G@57c; rlrste to extra firsts, i~'[i 55c Potatoes Matne, 180 lbs., $4.2D@$4.60, :-.. lbs $3.75?*4.1S mt?. 180 lbs.. $3.90 ?54.40; 165 lbs., $3.50@$4; 159 lhs . ;3.25@ J . ?? Long Island, bt.' . 85 250 $6 75: Bcr mudn, No 1, bbl., $12; Danish No 2. bag, $3.35 sweets, Jersey, basket, $1.75@$2.50; Drlawan and Maryland. $t G5@$] 75; am: Virginia, bbl., $3.25@$4.50; anise, J a.. a bbl . $2.60@$3. Livestock, Mcata, Provisiona Yesterday. Year ag.-a ' ec s. fair fo prin ' 100 lbs $6 25 f S 35 $?.!10g ,9.00 1 > 1 ? s s e d be<-f, - Ics, lb .11? ,1j .14? .17 Live \ > a 1. com n nn to prime. 1?0 lb?.10.16? 15.60 12.00@18.50 :.. ? - s B e d ?? ea',, city, lb.14? .23 .20^ .26 L i . . ewes, 100 lbs . 3.50? 5.00 1.00? o.76 1 ? sd a-.ut ton ? ity lb.10? .14 .10? ,14 r.lvr> lambs, fa'i to prime, 100 bs .13.00@14.50 !0 60@3 17*. Pressed iatnba, ' ity lh .: 4 '..1 .:% .20? .26 Hogs, I'.n'b- 9.00@10.25 3050013.C0 Urmefl hot?, bacon, lb .14%@ .16 .15%@.16% Tork. bbl . '.',;.50!./- 80.00@3100 Mess beef, bbl.. 13.00@15.O0 16.00@i8.00 Lard. M 1 d d 1 0 West 100 lbs.. 10.30@10.30 13.60? 1 3.75 Financial Items G?ors< B Woods yesterday was ap? pointed chief <:ncine?r of the. Oonsotiria tcd flat ? ompan: to succecd tla- late William >?'. Bradley, and William Cullen Morris waj ?' a inted assistant chief engineer and en plueet of construction, nt a Tneet|us ,,f illre- tors. William 1' Wlloon. Pau! K. Tost and ',. Hopkins yesterday wero appointed '??? vice-presld nts of thc Irving Na? tional Banli J'lniu* Sprn.-et- ?>lorgan has be?>n elected to memberehip 111 thc New Vork stock 1. ? ?ange irkets in Other Otj ?"-.' " f'pen. High Low. l^ast 65 \mos.Keag . .717 117 136%1'fiu 0 'lo pfd . ii'-; 83% SjI- v 3 : - ' Am Pneu .... 414 4% 4% 4 ?', RO do pfd ...16 36 16 16 '.Aii Sugar 60V, 65% 04'- i,<u 40 do pfd .... 93%i 93^ 91% 91H ' ?- ?*> m Tel .ll7?sll7%l16%ill8Hi ?A K'i' %V?S] ??? S4 84 ?1'* S1S? < do pfd .. .104% 104', 1043i 104% 19 Pootb ... 7 7 7 - 3 00 I-* Bo: Land. . 3% '". 3 , ;a 855 Eastern S S. ., 46 16 45 tr, 183 V dison .16i 10! 160 160?3 " '' Ider . i\ 4?; il 4 u 1 ..trdncr . 13*, 13% 13^. 131' : '-"ii Elei.143% 143% 143 7 4'; .''"' !;rav . 17% 19 17% IS 0 Greenfielct . ... 19 19 io 19 1 Ia* Cot Mills 3! "" 31 a 10 'Io pf . 7- ;-, 7g ':\ 15 Inl Cement .. 27 ", ? ?<; a. "gi ' n Int Prod? . .. . I i ' .1 ' ,. ' ?" Island pll . : \ -_ .-4 - ? ? ? 3 t Connot . iai. 1914 i? i"j 1 ;4:' Llbby . . . 51; 5 ? "-... iV> 130Loews . . 10=i 1*% in " inu li Maes Gaj .64 6^ ^4 ci " ? ?- ,,di, p! '" ';';'?-, 66<s 6S4 66% McElw lst pf $3 gs 83 " S3 58 Mergenthaler. 14" 140 ^^r, 14o * 20 Mex Im "7% 35 1 " -? ' 670 Miss Riv Pow 17V 1= 171; i ?, ? 5 do pf . 75 7- ;. * i ' : A Mulllns Bod; 24?i 24% "i.s '-\k. 6 Nai i.tgi-r-'r 11 n ,;, {{ -,/ New Eng Tel 115 116 " 134': 114* 10 Nt-... Lng OU. * .1 4 ( * 27 Pac Mills ..169% 170 169% 170 150 Punta ^"c*! . SS ' > 37% S7'i laReece But Hol 13% 73'- 13% 13U "0 Southern Pho. 5 5 $ s 222 Swlft .309 390*., 99.V100% 3 Swlft In; . . . 'ji i, 23% l 1 10 1 n T'rg lrt j.f 46 46 u 4^ 1 ni FVu't ... 128% 138si 31*! ;?* 1270 Unl fb.oe . . 38 w, 39 ?4 74... 33 ' ' ' do rf .26% "6*, 26'- 265: 37 Ventura ..... 72 H 22% 22* 2? 1260Waldorf . ... :*i, 30% "?>*. ">qs 15 Waltham _ 7 * 7 7 "7 do pf . 37 37 "7 "'i *7.i *c; >,\ worth ... ' :7 s'._ s j., 2"0 Warren . .7? 22 21*1 29 do !=-t pf.. 70 \ :;ii.% ;.!,?, -os 0 \1 .-? laston Ld 1 % 1 '-, 1 ij 11* Bond* $5000 Am Tel <=?. .110 :J- 110 im 1000 .', t; W 6s .... 6 4 ' 54 54 1000C J S Ss.S9S4 S.*. 89<U S9"ii 3000 Int Cem 8s. . . 101 % 101 % 101 % 101 % 50 10 '..'?. Bg t?; 5S 9j ,, , ?5 * pi 4 Chicago 0 Vrmour pf 93% '.".-.. <>3Si n-icj 50 do Leather. 12% 12% 12% 13? 200 Beaver Board. 7% 7 a. 7 v 71 100 Ch 4 Conn R-. s % u. i, IOO do pf ..... 6 6 ' * fi '?' .. 1 -t Motors ?? 6 s K . ' gia, V,''-h 10T1' 107,i J?V!- 107% 1 F.a- Motors 3% 3U 1 v 5r' Hupr Motors. . 12 v 12*4 12? 1'?* v li i 1 Ibby McNell ;.'* >, ? ..* 'r> - r' w.^M'"' !"' pf MTl' S<H :i-i% *4% ; ? Mld \\s. ut Pf 59% 59% 59 t9 6DOWest Knitt'ing'. 6% 6% 6% lu, ^v'^Vv100 103% 100 ' 10?%i 300 Tellow Taxi .. 60% 60% 60% 60% Bonds <sn II Ch Ry ser B Ss 39'. .79'., ??"'- 391- I Cleveland Bid Ask Bt<J ,. -lev Ry.. si 90 Goodyear ii ? ' ? Irestone.. 50 55 ri0 pf "7 -,Z do *% Pf 76 82 Peerless 36 37 fl?'*.P'72 77 jP.-o&Agpf 6 6 ' .,% . i'f '*" 58 ?Shwr-W.. 30 2: ,UJ{?"n, ', M* 10 ? ao pf... ?| *| ?Lx diytjftw, I ? "? ^ Decline in Wheal On Free Selling In Other Markels Increased Offerings in So. American a*n<1 Liverpool Briiifi!-. Srtba<*k in Prices; Corn Value* Are Lcnvcr CHICAGO, Jan. 26.?Enlarged movc tnent of thr new wheat cron in Arpen t.ina had a tendency lo n3ake (ho price of wheat ayerajre a little lower to-day. | Closing quotations were unsettled at | \c net decline to 'gc advance, with May Sl.Mv to $1.15 and .luly $1.02 lo i 3*1.02'"8. Corn finished '? to '.' ?< ! c I down and oats off 'b'o '., to Vjc. In ' provisioiiR tlie ontcome was unchenged j to 25 cents lower. "With advlcea .it hand tb.it Argentino | farmers wore offering ivhrai freeij and ' that prirea both at Hurnoa Ayres and Llv I erpool showed a setbaek, tho wh?Hl mar? ket liorc- k?v" evidence from lhe outset that buycrs wrri> ,,t a dlsadvanlagc. Lack of demand waa nollceable al limea, an much so that a reduction of 30.000.000 buahela in estlmatoa of lhe Canadia whenl crop falb-d entirely to have anj apparent effect on the market. Word that 50.000 barrels of flour had Deen sold for rxport from the t'nited Slnt.i led afterward, however, lo something of a rally. Besides, St. Lnuls reported li'h-ral **!*? of whent to miliers. Nevortheless. buying orders for future deliverles of wheat con | tltiu",! to lack volume. and upturna In I prlee ?-prt> not well maintaincd ;.:- the j session drow to an end. i \ii!ur? of rorti ami oats worked down i ward n little. in line with wheal but ae I tivity of exporl rail t'or rorn was n cheek j against. anv material flrop ln prices. j Free selling of ljrd by rsrrlers nm) ; pnekers gave a downward alant to 'h? , provision market, deaplte an atlvaneo tn I ?hr prlee of hogp. Grain Prices Wool Slronf; ar London Sale LONDON", Jan. 26.?There was a strong demand for all cla-ses at thc wool auction sales to-day. Full recent rater. wore paid and most of the 11,813 balrS offered were sold. tes Oetroil Balea i ?-*?"? Am Light 3Cin Cbarcoal Iron 200 do pf . . 1 ioo Columbia Motr " 100 Columbia Sugar \ 275 C.,nt Motor; ., IJO'Det B'lison 104 104 ??}>>* 20 Ford of I'aii ?>?" .7" ?,-?. 650 Lincoln Slotrs " 3*7 " * - "'": 650 Paekard ... .. 7 ',' s b," 4? <lo pf . ..'? Kfi (.1 ' 200 Beo "p?n. High. Lov 35 >j 135 ?4 3 34 - 11 Last 114 6*4 ; 103 '3 j 27 2 6 7* gij ]i 1 6 I 5 I 1 47 60 - 0 230 650 finnn 6000 2000 1.300 9000 10000 Philadelphia Arr.n Stores. . . S5 ', ' flO lEt pf....ll5 11. Am Gas. -.? ? . 3 Bk of N A wta 51 ' '. Con Tractlon.. 44 1 Elec Stg Batty 1 i! 14 Ins Co N \. . 3 0'-', 7 Pa Cent Lt pf. 4'i\ 4; Pa Salt. * 0'-, 7. Phil Co. ss 3 t'o 01.11! pf. . 37 Phil Blec.eH% ; do tvai ram? . 1 > do rf . 27T4 ? PUT. . Phil G & N. . Tono Belmont Tor.o 7v3inmg. . 1 Union Traction 35 Ln Gas Imp- ? 3? flo pf. 51: Wm Cramp. . . 4.-1 York Ry. .... ',. Bondi B'win L l?t :^s ion L V 6s 1923 . ..lor. PM! Co con oa SS Phil FI 3sr 5E i,:,: do 6s.101' Vi dr-bs'-h 6e .. 98 1 IN 1] 37 \ 14 .1?' Pittbtirgh ' 1175 Ark *\*_. 10 Am tt G Mach 69 i 10 Guffey . 12 a; 1 15 Lcne Star Gas. 24 '. "n Mfrs J.t & Hi <o, '0 Ohio Fuel rup 17 25 Ohio Fuel Oil 17 I 320 Okia Nat Gas "1 25 Pitts Brew-ing, 60 Pitta Pl Glas3.L 1 ?000 Pitts Mt Shta '",. 160 Whouse Aii B 94 - 20 Pittsburgh Cl 60 * 1 100 Carnegie l.^ad ? ?: -0 Whouse E71ec *,1 1 ???" Montreal Abltibi P * p. . . 30t4 . Asbestoa Corp ... 50K Brazil T L & P. .. . v, :" British Fmp. Steel.. 10U j Brompton Paper.. isu Can .-ar & Fdry. . .. 20u < anada Cement . . 64 ''"anadu Gen Eleo ''anala S S Lines . 15 Cons Min A- Smell. . if. ii Dominion I3ridge . 60 " Laurentirie. 73? Montl L 11 i p cons 8S"i >at Brewei ies ... . 66? . Que Ry L H 4 p... ;-. * ; Svonlsh River . 53 j Steel Oo. 0f Canada. 67 Riordan P & P old Po new com Do old pref. 3-'o r.ew pref Adanae . ...? Apex.? I Atlaa . . ' in Ba:.- . ;;_*" Chmbrs Fr!.. 1 5 C mlagas ... 3 t Crown Rsv.,10 1 % Dome Lake. 3 0 Grt Xrthn. . .? 3 Gold Reef...? 3 Hargravea .._ 3 'Hellinger. . . 714 % P*?n LakV.: 2 g Porc Crown.13 ,8 Porc Taril...- 3 ^r'!'e Imp . . ? ?> Pi" E liome ?. t Tck Ht5ha...26 ' Tmakmng.. 25 Thinp Kriat. 1 ?eet Dome. S 40 35 6 9 Federal Reserve's Bill Holdings Are Lower for ilie Week Drop Below $1.000.000,000 Mark as Reserves Coiilmuc to Increase: Similar Ten dencies in IN. Y. Dislrirl Total bill holdings of thc Kcdernl Reserve system nre now well below thc $1,000,0011.00(1 mark, whilo reserves con (inuo | i increase above the $3,000,000, 000 level, the consolidated slntement of condition :is of Jnnunry 25, issued yci tcrdny, disclosos. Discount** uf bills sccurcd by govcrnnienl obligations fi ll during thc week from $388,672,000 lo $357,921,000; all olhur bills diseountcd from $525,150,000 lo $-192,252,000, and bills purchnsod in lhe open market from $94,944,000 to $82,709,000. Tlie totnl stands at $932,882,000, compared with $l,00?v,7l"t>,000. Th"- increase in reserves was roughly $7,000,000. Thc reserve accounl of mcmboi h.'ink:' drclineil from $1,073,824.00(1 lo $1,052,304,000, Circulalion showed n further slight contrnclinn, droppine; from $2,220,(177,000 lo $2,184,001,000. A* n result largely of these chanj?;es the ratio climbed lo a now high on tln current movement al 77.377 per cont, an advancc of 1.2 points during thc week Similar tendencies were operativi- in tho Xew York district as in thc coun? try at large. Thc increase in reserves ol" the local bank was somewhat prealer. this item rising from $1,103, 279,000 to $1,180,867,000,' n.- the conse? quence of larger crodils in tho gold settlement, fund. All cnlogorios of bills held declined, di icounts . ' bills sccurcd by govcrnnienl obliirntions go? ing below $100,000,000 and of other hill- ln $35,217,113, less than $ ",000,000 abo\ c lhe biils purchused in open nn ket, The reserve account of member banks increased slightly, while circula tion declined aboul $6,500,000. 1 iv gain in the ratio was from S7.6 lo 89.6 per cent. Bank ol England Stalcmcnl LONDON", .lan. 26.- The weekly state? ment of the Rank of England follows: Gold .i l'.'Vt 17,000 |u< Iteserve . 25.1 17.000 ln< m . N*Otes ri>". . 22 ''?? * .I ' . Ollfl Circulatlon I 22.20S.OOO I ??' - ? < t I'i Public dep . '.'?'?< I.O'iO ' lei ..... .... n i ither dep . . . ? 122,so: .000 lm . :? ? . Gov. aecui ...... 46.067.000 Dec. 2 06 i,. i ithor sccur . S 3 66 >.00<J I >rc. ' " . ,000 The proportion of the bank's reserve to liability this week is 18.23 per cent; last week it was 17.67. Rate of discount, 5 per cent. Delay of Ten Years For Germany Urged H\ Duteli Banker Acfmils Proposal Would Nol Solve lirpnrations Prob? lem, Inil Believes It Wouhl Help Economic Silualion Postponcment fnr ten years of thc final settlement of reparations obliga lions by Germany, giving tlie German gove rn nioiii :iii opportunity to make both ends iiM'ct, was proposed yester? day by William Wcstcrman, president c!' the Rotterdnmschc Bthikvereciniging of llollnnd, in an address at a luncheon piven in his honor nt the Bankers' Club by tlie Nctherlands Chamber of Com incrcc in New York. Mr. Wcstcrman ndmittcd thal this suggestion did not providc a solution of current interns tiniial difliculties, but contended that it would help. "Thcrc never can bc a stabilization of i a hnngc as I0117 as ihe question of the rcpnrntinn to bc paid by Germany nnd tlio rcj'tilni ion of tbe intor-Alliod debts are not scttlcd," said Mr. Wcster innii, "This will for the greater part depend upon thc attitude of thc United States. It is <|iiitc clcar that payment by .11 parties concerned i1-' nn impossi bility, .and we hnvc seen how even pat lial payments made by Germany have br.alil fn rt her disasti r. "I (irmly believe that all such meas? ures as have been proposed by Mr. Vanderlip nnd Senator Hitchcock, or even thc Termeulen scheme, can be waived. Thc sound cotintries of Europe will then (in thc event of reparation'* postponcment) certainly bc able to jret credits in thc ordinary way. Even now we ic how English banks, and even a few American institutions, are jrrnntinc credits, either directly or indirectly, in favor of such cotintries, nnd n further development along economic lines will hrinir also votir country into close i.Ii with Europe." Mr. Westcrmnn, commenting upon thc Dutch East indies dollar loan sold in this country, urjrod investments by Americans in guilders. T Bunk ?>f France Statement PARIS, Jan, 21.?The wcekly state ment of tho Bank of Erance shows the following changes in franc?: 1 :..;?' i ? hand.Inc loO 000 Silver ln hand.Inc. 263.Ooo ??-?' ? in circulation.1 >ec. 352.S81.non Treasnrj rle|>o?ltH.Dec. 13,333,000 1,. n.a.,1 deposltfl.Dec. 79.092.00n Hilli dlscountod.Dec. 84,674,000 Advanees .Dec. 4.3::."., 000 The state rcpaid r?.">0,000,000 franc.* to thc bank. Federal Reserve Ranks WASHINGTON. .Tnn. 26.- Tho condition of the twelve Federal Reserve banks at lhe close ol" businesf* .Tanunry 25 was as follows: RESOURCES Jan 7 . Ten 1? Jan. 2S. 3073 C,o|o and gold e*rtlfir-ar?B. $383,543,000 $3182. 4>".0.000 $100 860 0.10 Gold settlement furd?F 17. Board.... 183.222,000 469.367,009 461,523,000 Gold with foreign agcncles. . - - 31,300.000 Total sold held by '...inks. $866.763.000 $851,827,000 J664.602.0OO f?old w'th Feleral Reserve ngents. 1,030 7112,000 ! fl48.657.000 3.2S8.450.000 Gold rodompllon Eund. 97.6333,000 0v ?_.,?,; 000 152,905,000 Total srol f reserves. $2,904 IS.000 $2,898,692,000 $2,1 ?6 1 "7,000 Legal tender noteB, allvcr, ete. 151.007.000 152.811,000 ' 2 n,S37.'ooo Total reservea. $3,058,855,000 $3,051,503,000 $2,319,974,000 Bills dlacounted: Socured by L*. S government obligations 3367.921,000 388.672,000 1,04S.76S,000 All other. 192.252,000 526,150,000 1,407^707 000 Bllls boughi ln opon market..,. . . -..700.000 94,944,000 165.'o5s!ooo Total bllls oti hand.v 2.SS2.000 $1,008,766,000 $2,621,533 000 r H. bonds and notes. 65.761,000 00,128,000 2o!s68 000 C. S. eertifi-.-ate? ot Indebtednesc: One-year certlflcates (.Piltman act) 11:7,000.000 117.000.000 259 375 000 All other. 71,278.000 53,847!oOO "2!o77.00o WuritcipaJ Fsiraim. ;.'..;.,,00 716.000 _? Total csrning assets . $1.1831 127.000 $1,236,957,000 $2,908 853 000 Bank premises. 399,000 35,720,000 is 228 000 Flvo p"r cent redemptlon fund .Tgaln"'. Federal Reserve Bank notes. 7.870.000 7,871,000 12 746 000 ?'ncolloetsd itens. 181,754,000 554,R62!oOO uOs'silOOO All other reaources. I2.T10.000 17.677.000 7,'626!ooO Total reaources. $1.7.80.524,000 $1,898,090,000 $5,861 338 000 I.IAIULII iKS Capital v*"l "*. $103,067,000 $103,020,000 $100,147 000 burp.us . . . 215.398.000 215,398.0'^O ??n* 076 000 Reserved foi government frane.hlse tui . 1 332.0O0 996 000 l_ll-___ Dr-rvoaits: Government.,,.. 9*>,H1*i,000 77.734.000 5213800-1 Member banks?reserve account... 1.652,304,000 1,673,824,000 1 731 s'I'oon AU ?thcr. 0,57S,000 33.337,000 2l!o54,'oO0 Total deposits. ... .... $1,778,797,000 $1,784,895,000 $1,808,015 000 I R. notes in actual elrcula.tion. 2,181,001,000 2.273. 677 000 3 090 74s nnn F R. Bank notes ln circulatlon?net Ua- ' ' "on)'' 4Son? bility-.... .... . S4.S76.00fl 84,878,000 20*" 276 000 JT-eterrcrl a\ ailahility items. 797.7H3.000 463 -n* onn i,"'"'j?;? Allotherliabillt.es..., . ;..:,o.ooo Tsjoo? "SIlMOO Ratil0^ ^"re/erveVto deposit and ^'^''^ 54,898,090.000 15.Stl.338.0M r R. note liabilitlea comliined.t, 77.2*",, 760'" ,., , ?Calculated on bas-i? of net deposits hh.i i.>ri,,rai na...--,,. ,,?!- '?, _ ?"" i^'Jirai ueseive notes tn circulatlon. Federal Reserve Bank eof New York RESOURCl Gold and gold ce.rtlflcates i.old settlement fund- F. R. Board Gold with forelfrn agenclea. Total gold held by bank. .... Gold "-.ith Federal Reoerv* agent., Go'.d redemptlon fund. Total gold reserves. Legal tender not.;... sllvev, etc, . . Total reserves. Bills discounted: Secured by L" 7- government .' II other. Bi3!s boush! iu open mark"' .Tan 25 5 ... 706,S99 1 1 1.618, 107 $403,355,306 712.130,078 16 000,000 $1,139,1S5,SS4 50 381,689 ?lan. is $288,749,000 8 7.116.000 $375,865,000 VI 2.41 3,000 15,000,000 $1.10.7.2733.00,1 52.573,000 Jan. 2-S. 1371 $96,363,000 45.026.000 1.211,000 $391,635,000 3 53.303.000 abligatlon Sl 1-0.-.67.073 $1,155,802,000 $544,933,000 Total bills 011 hand . 1 S bonds and uotc . . '7. S certtficat? o( Indebtedness One-year certiflcate- (Pl'.tman act).. All othcr. Total earning assets. Bank premises..'.. Five per ccnl redemptlon fund'ag'a'lna F. R Bank notes. Uncollected Item:';. All other rc-source:.,..!!!'!! Total resourcea. LIABII Capital paid tn . SurplUS .* '- ' ] Reserved for government franchl-A i>, Deposits: Governmen! . Member banks?reeerv? ar^ount All other. . . ; v.-,'.' Total . F. R. notes ln actual circulatlon!!.!".'!."' F. R Bank notes in circulatlon?net "lla billtv . Deferred availablllty items. .'.'.*.'.. All other liabilities.!!!!'!! Tota! liabilities. Ratio of (otal reservea ??? dep'o'sit'and F. R. note liabilities combined.. Conung-nt liablllty 011 blila purchased for foreign correspondents. MM 30-day commercial paper rediscou'iil '?-'?'' SUinding of Reserve Banks ?1 Bank. Boston . New York . . . Philadelphia . f'leveland Richmond . . . Atlanta . r'hlcago .... St. 1.0UI6 . Minneapolls . Kansas Citv , Dallaa _ San Francisco Boston ., New Tork . . . . PhiladMphla. Cleveland _ Richmond Atlanta. Chicago . St. I.oufs . . Mlnneapolie . Kansaa City Dallaa _..! Sau Francisco. FOR THE Ratio re ?erves to notes and Gold depo,lta reserves ? ? ? 76.8 $202,475,000 ? ? ? 89.6 3.130,485,000 .... 77.3 j 99,946 ono ? ?? ? VS 7 251,582 000 ;.?? ? 46.7 65,583,000 ? Jjl-S 76,168,000 ??? '2.0 422,377.000 304,476,01.10 61,808,000 79,580,000 31,036,000 278,733,000 FOR THE W .7 $217,710,000 ?"" 1.103,279.000 '< 270,899,000 ,; 240.337,000 ?9 64.291,000 7 72,848,000 EEK ENDED JAN*. 16 c----Rfdiscounts.-N U. S. Commercial paper. paper. $17,440,000 $20,950,000 ?3.078,000 735,217,000 57,416,000 3 4.900.000 64.4 48.1 80.7 32 761,000 39,263,000 18, 119,000 4s., 643,000 i 7,17)7,000 6,525,000 3 1,644,000 ""."88,000 17,697,000 46.699,000 46,419,000 52,336,000 88,045,001) 29.510,000 35,773,000 41.967,000 38,039,000 42,397.000 F R. notea ln circulatlon. $171,760,000 606,082,000 179,666,000 195,471,000 97,113,000 112,356,000 368,667,000 86,026,000 53,254,000 63,837,000 31,669.000 219.201,000 ?EEK ENDED JAN. 18 loiHHSS *.7','???'0?(1 $179,840,000 73. ?; 64.2 59.2 ,001 103 351,000 62 790,000 74,893 000 31,065,000 288,848,1. 304,74H.O 57,73 1,000 36,946,000 48,378,000 19,815.000 49,187,000 17,820,. 6,546,000 14,330,OiiO 35,510,000 12.707,000 53,443.0(10 47,436,000 56,387,000 96,717,000 32,367,000 37,074,000 45,699,000 38,315,000 11.101.000 611.792,000 183,823,000 198,948,000 99,206,000 133.883,000 377,233.000 88,645,000 64,377,000 65,383,000 33,1432,000 223.627,000 Due rnemVar reaerva accounts. $112,908,090 652,341,000 99.591,000 129,081,000 64,492,000 42,516.000 223,781,000 66,176,000 41,837,000 69,393.000 42,169,000 119,019,000 $121,953,000 651,480,000 102,515,000 127,763,000 63,739,000 43.864,000 330.459,000 66,297,000 42,147.000 69,512,000 42,414.000 131,681,00? F. T. Chandler Is Expelled Exchange Acls on Finn's Fail ure nf I,nst Year Thc exnulsion from the Stock Ex? change of Frederick T. Chandler jr., member of the brokenige firm of Chandler Brothers (v. Co., which failed on July 25,. 1021, was announced from the rostrum of thc exchange yester? day by Seymour L. Cromwell, presi? dent. Mr. Cromwell said that Mr. Chandler was expelled under section 5, article II, of the constitution, which eontains that penalt.y if the member is found guilty of conduct "inconsistent with just and cquitablo principles of trade." Mr. Cromwell continued: "At, a meeting of the governlng com? mittee yesterday said committee de? termined that the failure of Chandler Brothers & Co. on July 2.r., 1921, of which firm Frederick T. Chandlei jr. was a nieinher, was caused by reckless and unbusinesslike dealing, and thr* said Frederick T. Chandler jr. was expelled under section 5, article I'i, of the constitution; also, thc governing committee dlrccted thc committee on iidinissions, under section K, article 15 of the constitution, to dispose of thc memhership of Ihe said Frederick 'I ? Clmndler jr. forthwith." The delay in taklng action regard? ing Mr. Chandler is understood to ' have been due to the desire of tii" \ exchange authorities to facilitatc thc j work of liquidating thc firm. I Anaconda Had $8,656,547 Deficit for 9 MonlliH. J921 | Thc fmancial statement of thc Ana? conda Copper Mining Company for thc : nine months ended September 30, 1921, I in connection with thc listing of nddi ! tional stock, showed a delicit. of $8, 666,647, after charges and Federal taxos. Gross earnings for thc period amountcd to $49,582,446. Expcnses totaled $51,055,419, leaving nn operat? ing loss of $1,472,973. Operating income of the Gulf States Steel Company for the quartcr ended D(.mber 31 was $74,610. After deduc tions for taxes, depreciation and other charges there waa a delicit of $11,937. Tho delicit, for the full year was $467,662. S Icrt Tea Standards for Year 1 Final selection of the eight standards i oi teas, which measure the purity, I quality and litncss of all teas entering thc United Stat.es for consumption, yesterday was made by thc Cnitcd i States Board of Tea Experts, for the approval of the Secretary of Agricul ! tui*e. These standards are close to a ! parity with the standards selected la^t year, which proved highly satisfactory to the trade. The board also voted not '?? to recommend changes in the regula : tions to the Secretary of AgricuKure. New York Mclal iMurkrt On thc New Vork Metal Exchange | tin was quiet, with Straits quoted at 80.50@31.75c; Straits shipments, 30.50 ' fa 31.50c; standard, 30?31c, and 99 per I cent at 29.50@30.50c. Copper, dull; I standard spot, January and February. 12.50@13c, and electrolytic spot, Janu? ary and February, 13 </!:'.Tlie. Lead, dull; N'ew Vork spot. l.70@4.S0c, and I Eest St. Louis spot, 4.35'o 1.12'ic. Zinc. dull; New York spot, 4.95c, and ' East St. Louis spot, 4.55(S 4.65c. ! B I I'etilions in Bankruptcy Tbe followlng petltionn in bankruptcj were flied yesterday In lhc I'nited States I District flourl : TASTEWELL BUFFET LUNCH, IN1 - I InvolUntary. Restaurant 71 l'eari st RELIABLB ?UPPLY CO., INC?Invol untary Tai^r and supplies. hardware 1 and housefurnlslilnKE, CHI 10t3-i av. ARNOLD I.. FALK?Voluntary. Sa es i man. 415 Wesl 115th al. Liabllitie; $28, ! 4'.;' ; assets, $700. SPEARE CHEMICAL PRODUCTS CO. IN*i'*.?Involuntary. i h mical products, 30 Cliff st. . . , GENERAL SILK * WOOLEN CO.?In \ olur ? ary, 203 Sta.nton st. ; ABRAHAM KULOK Voluntary Tailor, I? Baot 7tb st. Liabilities, 54,992; n? ! atsets. ' SAMUEL SINGER?Voluntary. Mana ; p.-r. inoi East 16Tth st., Bronx Liabill ! tief. $3,032; no assets. SIMMONS & CO.?Invohmtary. Invest i m?nt Becuritlee and fn'api currency. 41 ; Pine st. Liabilities. about $10,000; .a >t 1 not. given. \ K BARCLAY A CO.?Voluntary 9 i Church st.. living al 18 West 25th sl. Liabilities $15,638: assets. $.>,503. BRONX BARGAIN BAZAAR?Involun tary. 36115 Bathgate av., Bronx. Reeelvers ln Bankruptcy The followlng reeelvers in bankruptcy were appointed yesterday in the United ' Sltatos District Court : I Susan Brandeis. for "irger & Horwien, i haberdasher, T0 Trinity Place, with a bond | of 12,000. Loula 5. Welss, for Harry 3. Pell, men s i fumishii.gs, 1550 Broadway. with branches i at 212 and 13S7 Broadway, wllh n bond i of $',,000. Allen R. Memhsrd, for Henry Sachs & I Bro., Inc, shirts, etc... 112 Franklin Street, i with a bond of $5,000. I Carol Weiss King, for Harry Brauiv-tcln, 1 groceries. SIT Ninth Avenue. with a bond i of $250. leonard B. 7eisler. for General Silk and ' Woolen Co., silk and woolen goods, 203 Stanton Street. with a bond of $1,000. i Schedules In Bankruptcy i The followlng schedules in bankruptcy : were filed yesterday in the United States i ' District Court: ' R. A. VOGEL * CO. AND LONDON COAT HOUSE?108 West Twenty-ftfth Street. Ltabllltlee. J34.163; assets. $8,861. EDWARD KARPEL & CO.?12 West Thlrty-seventh Street. Liabilities. ?40.6t-t. assets. $23,630. SEIDMAN &? CO?520 Broad?ay. Lia- . billties. $S4.2?3. assets, $15,145. MKHAEL L. STITCH?Men's elothing. 621 Broadway. Ulabllltics, ?10.00?; assets, | $3,446. STONE BROS?12 West Thlrty-seventh Street. Liabilities, $25,068; assots, $16,104. 6TEVEN SAWLING?Grocer, 500 Ninth Avenue. Liabilities. $8,762: assets, $1,522. ! PHOENIX COSTUME CO.?147 West Twenty-slxth Street. Liabilities, :nn"lT,' assets, $4,281. j Asbignments Abraham Halpern, manufacturlng leather goods, at 3:2 Canal Street. asslgned to : Emanuel Halpern. of 116 Nassau Street. Harry Llfshlts'. dealer tn drer.s trim- | minge. at 1625 Bathgate Avenue, tlie j Bronx. to David Sllverstone. Judgments Filed ln New Tork County Tha following judgments were filed yes? terday; the flrst. name being that of the debtor: Autoprees Co.?City of New York $146.58 Allman Gas Engine and Machine Co. ? Same . 3 46.,'.? Automobile Owners' Ass'n?Same 146.53 Automatlc Woven Wire Supply Co.?Same . 116,58 Amagansett Hotel Co., Inc. Same . 116. bS Baltimore Cut Flower Co., Inc? Same . 146.5S Barber Trading Co., Inc.?Same. 146.5S Bishop Clendon, Inc.?Same. 146.58 Bontempl Rust Proonug Co.? Same . 146.58 Burr & Co.?Same . ] 46.58 Business Economy Engineer?. Inc. ?Same . 146.58 Capitol Mortgage Co.?Same .... 146.08 Comet Construction Co.. Inc.? 146.68 Same . 140.58 European Feature Film Corp.? _ Same . 146.58 t'-xcelslor Repair and Supply Co. ?Same . 146 S8 I'.mme Young & Co.. Inc.?Same. . 146 5$ Eagle Export Co., Inc?Same ... 146 68 Efficiency Film Service. Inc? ' Same . 14658 50 Broad St. Co.?Same. ......'. . ' 146C.S F. William Stocker, Inc.?Sarne. 146 5S G. M. Ahrona Co., Inc?Same... 146 5s Hotel Arllngton Co.?Samo. 346 5S Haughey & Ivlns, Inc?Same. .. . 14658 John H. Barwell, Inc.?Same. 14658 Knlckerbocker Silk Co.?Sarau... 14668 Latham Operating Co.?Same_ 146'r)S Mackelvey & Co.?Same. 146 58 MaiBel SUbcrman Co.. Inc?Same 146.68 Master Press?Samo . 146 kb Meanj' Printlng Co., Inc?City of Mer'c'edes Dlamle'r SelilngCorp'? 146'58 Samo . 146 rS N. Y. Lackawanna Securities Co' ?Same . ... .. Palace Casino Co? rnc?SameT 146-5S Press Kriulpment Co.?Same mp.'rs I'rogrosslve Wine a Liquor Co' i,u*s Inc.?Same 146. Pildoras Naclonalle Corp',?Same' 146 Radlum Washlng Compound Products Co., Inc?Same.. we rs Sttnd'ir-1- ^^y- Inc-Same'. \ l\$.H Standard Ralncoat Co.?Same. iir s? fc??rSi0t ^"x0 Shoe Corpa-la,n. ulAl Wourlty A - Improvement Co.? Bus ine January Cotton Disappointin* Dry Goods Jobbrrs Fail to Place Expected Orders; Kaw Cotton F)rop Affrcts Pri mary Fabrics Market The cotton goods trade in general i has passed into another era of un , rortainty, in whieh the outlook seems ? to be more obscurcd liian it, was a 'few irionths ago. Tho JaYiuary busi? ness done by the mills has been dis i appointing, with few exccptions. Some good??', notably cotton blankets, ging 1 hains aiid percales, have ?ol-l well for i future delivcry. ln the bleached goods I diviaion future orders have become ; more scarce, and although many mills I have orders that. will k.vp them fairly busy for another month or tv.u, the period beyond that does not look par? ticularly encouraging at prfeaent. ( on vertera of "wash" goods have not ' booked as large a business for spring as they expected in most, cases. The decHne in raw cotton yester i day rcflectod to a great extent tho j situation in cotton goods and scrved to further unsettle the pricea on primary or gray good11. I'rint cloth prices were off an eighth of a cenl for [most eonstructions, the standard 64-60, ::-;!z inth print clothes dropping from H'/i to 8% cents b yard, and in some : sales to 8 cents, with buyers extremely hard to fmd at those figures. Thc raw cotton situation is bother inj,' the mill men considerably. Reports thal large shipments of cotton have been rejected bv thc mills as unusable have given rise to tho opinion in some quarters that. thc actual supply of cot? ton suitable for spinning and we'aving purposes i smaller than thc figurc . indicatc. 1 The biggesl disappointment this month i.as l>eon the failure of dry . goods jobbers to place large orders. A mitldle Western jobber in the market I this week said that hc was not buying now because he had fully a month'f requirements for normal times on his 1 shclves, and at the present pace of business his stocks of cotton goods , are sufficieHt to run him for three : months. Commercial Credit Thc commercial money markets show little change. Prime commercial paper discounted yesterday at i% and 5 per cent, with trading only moderate y aetive. Tho American Acceptance Council quoted thc following discount rate ["?prime bankers' acceptances eligib " . purhase by Federei Reserve banks: Bid. Aaked. Thirty days.i% i Sixtj days . -I1* 1 Ninetj davs . 4Vg -i 120 days !. 4', -1 Call loans against acceptances, 1:3 per cont. usiness Troub All ili i erea : Co.- -Same. ber-Wagner Co., Inc. -Same.. Vmuserr.ent 13orp -Sami ? ' Ayer & Co. ?Sami. cl r-Ross Co . Inc ?Sami I.. Syndlcat. Press, Inc.?Sama ?n, Franklin \V.?J. M. Gard ?itz, RCf a'. -Mi Abran Flat ?''-?: James -M Baron Burneide, Anna J. I lasfc. Brainard Commission Co.?N. V C< itral R. R. Co . Bolton, Gcorgi?Lord & Taylor. Blum, Abraham?Jamea McCreei (b Co. Bergi -. Harrj - A Troy. au - R-. ttl r, Jacob- -S. A. Ja. obs u Brinl man. William?Howella Cine Equlpmi nt i o. Inc. Chayes & Co., Inc. ?Hasbruck, Sni i t h .S Co Inc.. . Curley, Thomas J. ? Shantop Re ?i Ity Corp. Condy, Saul .i. (Acnit Sponge Sup? ply Co.) ? Lamport Mtg Su] pl Co., Inc. Church Cason Corp.-?X. Wa * i vi b'. Cohen- Julius ? L. Zwilling r e t o I. Conlon, Robert L.?W. J. Bowles Carukin, John A., and Ed>t. A. Freed ? A. Ferrend. Cohn. Frank?K. Konishi. De Lov ne. John F.?J. t7. Orr.. Davlaon, Katherine?C. F. r.ii?<>;' Dn Roy, Frank?Fred W. L. Ful lerton, Inc. D'Aquilla, Frank?C. J. Dalton.. C lestial Restaurant, Irrc.?Peo P' cu Sa me?.Sa me . Ceely, Frank II.. et al?Morris Plan Co., 77. Y. Cantiero, Fnsquale, et al?Same. Dahlquist, C. C.?A. P. Srri-rture Dreifuss, W. P.?J. Silverman Jr. Downlng, P. H. ? Brooks Broe... Fagv Drled Fruit Co. ?I. Feinberg Ehrlicli. Bernard ? C. Podolskv -tc al. Esposlto, Mary?M. Go'.dstein et al Earl C. Smith. Inc.?Ins. Pub. Co. Fred G. Cole Jr.. Inc.?Metro? politan Body ot N. V. Inc... Federal Steamship Corp.?Selson Engineering Co.. Ltd. Gross, Morris?D. Frledfeld . . . . Greenspan, William?Rottenberg Sons Co., Inc. Goodman, Samuel?M. We!; et ai Goldstein, Joe?B. Plnes. Goldblatt, Jos. H.?I. Schwartt;. Goldman, Jacob L., and Nat. Sure? ty Co.?People, etc. Garden, Murray L.?D. Machson. Genthner, Joseph J.?Dodd. Mead ? Co., Inc. GSsman, John H.. and L. I Food Products Co.. Inc.?M. Simons et al. George S. Hall Co.?John Lucan <?? Co. Hadden, Wessinger Corp.?Wil? liam H. Lenneri & Co.. Inc... Haut, Paul?H. Meyerowitz et al. Helm, Carl?Reisenwebers. Inc . Haymaii, Dav.. Sam Levy and Joseph Levy?Glasser Mercantile Credit Union. Inc. Inter City Riidio Co . Inc.?C. II Grasser . Industriai Paper Co., Inc.?Paper Service Co., Inc. John o. Devlln Construction Co.. Inc?Black &? Creaner, Inc . Jess Cloak Co., Inc. ? M. Jafte rp.-. al.?Morris 1 ?Saijie -Same. . Sertter. . Imoii B. rp. Johensen, Jacob. ct i Plan Co., N. T. Koeriigsberg, Jack. e' Lichtenstein, Alfred. et Orlcchia, Alfred. et a Lovaeh, Eugene, jr.?D Kohn, Samuel. and Hamburger tEss Kav Motor Co.)?TMorth Siue News, Inc... Kraft, Wm. D?Lord <Kr Taylor... Lewltte, Ieldore tst. Nicholas Sllk a.- Dress Goods Store)?E, Jacobs kane, Frank ? Broadway-Park Place Co. Lo une, Lillian?Relsenwebers, Ine. Lansone, Louis?P. j.' BiiVli...'.' Lawson, Arthur M?R. W. Law runce . La France Embroidery Studio? M, Seidenberg . Llchterman, Lillian?J. Kirschen baum . Letkowlta, Prederlck, and Anthony Taddenl ? Earlington Realtv 1 orp. Le.fkowitz, Frederick, and An' H^ity rjoardp*0nS ~ ?""?&? ^IjouV^r^ M?.s;-i-?c. s??*jss ^ssss Motley Kathryn' L.?V.' P.' Gilnev Mousaa i ij0uls (French Babv Inc?P od & Ke??P'er, Messner" Vlati'lda?L." h.' Cooper ' .' berg ** ??klyn?B. H. Blia.s Mahtkoff Jacob S.?S. Sonn et al Moss Harry M.?L. f. Adelson. \?it,:il?. Anthony?S. Kaufma.i.. TvlacKown, Harry B.--Vau.ials Ar countlng Institute, ine.. McCoy. Currie M.?B. priC6 . m &m2-tr<*am Plnance Corp. M. K. Sohwalbe * Co... Dsborn, Auto Trucking Co? L Loewonthal .. JP^?.aii*i Jtl8,'?*h ' W.?vaunal. Acoountlnt IaatituU, Ino. 3 S75.20 246.70 2 } 8 6 0 163.45 77*.77 188.20 100 00 37300.00 116.0 0 319.eO 900.70 137.SU 13S.97 ?726.25 634.92 2.556!si S04 433 8.55S.96 221 96 7<74.07 S.430.T0 '"75.6* 952.41 7,500.00 123.90 123.30 815.00 12iv45 302 70 401.70 152 15 1,102.90 3,0 13 07 52S.90 336.00 26S 90 3371.90 473.37, 665.99 7.SS.04 339.51 740.36 372.90 500.00 1,457.06 162.30 776.70 387.78 3.0S3.31 320.91 ,256.58 465.63 140.12 1,303.65 3 52.37 3 57.27 10,142.00 170.20 162.83 $??8.41 334.20 115.70 127.7* ss News Goods Trade 5 to Sellers Hero Next CoUotTcre^p Cost Morc^, 8(mt T"? ""' 1 P'oducli? ., "?::::.;;; .-I.r " ' of ??? ? i ional Bar I . f , , . ?' ? ,. . "r' 6 in \j York, will dcter cotton i i I , ..,,., . pri<* of T?r ? -*'";:: will nol permit tha ? ?? *n^r ( ? utifc i r,e weevi t? j . him out of tl r cottor driTi Browingfc,,., n*88' -;'- ' '?'" bank, ,- , M ;' ence him to ereat>r a m" ^r -i *r diversif of crops '""at-ion r"Th" 1' ' ' by "?? belln^ I'/ *e A;-'?-.ttonbeV^ tne bank, > .?, ? *a* lVd.;: ??-"?'>-;?rs world. Th,- Brea ? Produ?d i.,t 56 pcrc.nt; "*s total cotton buddIv i *? uPP?y. Any iitir,. j which adds ereatlo *? ?. / production of a bs , ' ?' Amer-can ,.?.? w,,. * prod'ice cotton U?.. -OMOO. Hotv rauch hr wa produce dependa on the effect* 0f better method. in the faceof ^J'tion, Wha^ertteultimau : ' ' """*"? ?? the v,.4 R r?P ' By ' "-' c'op ?ffl ap.V :,;" " r ? -oduced atacoMJder- ' ?: - irh e r < st Trade Buying Up This W?*k ' '' li< Clearing House w??< report 01 merchandisingr actW ? - tnroug] out tl e coui trj sl owa a-". " ?'" tr?d" '?? ng last vretk ," ' ,' better ent n -> -.?., a?,j ??? a ! advance ii .- j< ? jdneas. " " ( ' Pared v ith Ian week, pordtaitt were 1.1 per cent heavier ard were * | per cent n advance of the same weeklt* ? ear, it 1.1 per cent under tho? ?' thc |,ke ,VPfK ... l920 The midd,e '? agi icultural Bection. were tl only ones nhowing a recession in bar ir.s; compared to last week. ?-?-____ Rail Inquiry Started W. J. W ( Imar and assor*?t? r"v " ' ' ' ' "" Stoekhofi ers ' "" *? ' "' : "?'?? 3tral Ra '--',,' '"."'?' rtak ' ^estigatios rf thi :< a - ? ' " ? - ? statuB withli? ???'??- f d ' ri ir : : -. resourw have ' er "undulj utilized in a nm ;' " ' ' their intereit* The . . ? ?.3 ua*,* to _ r' 5ent :;: ?" ' -" ' - ' r5 ?i the coi les _? ' - ?- ..- - -? ? - ." -.-. nroE Scnoel ? _? a ? . i 'oi jmbia Cas ualty . o ?P< pie. etc Sullivac *.: chael '1?J Baaike stacom, William?C A F-'. ?":yr*-???' . ^r" '? '?'? ': & fv'.in In . -.., '?' ? '?'' ? ' '?' '-' and "" ' John H. He.se E -,; P] . - ;,.;?? . p '' - ?: -*..? Powers Percy .: ' rnco'me " Corp. ...... ,,-. P;a ? --??. IS - n Ir. eara Co ;??; Pov ers ". . '." . ? -;: T L-. '" Cori i ???-? a': ' - .? " - '! wkurui! "-;'? Ros( nberg Morris - - * :S;-h (Rosenberg Bros I^Royal Ttt tlie Co ... .. i;|j|i Rlchter Martia. I an?3 ' ?rh iJ. Richter & Son i - .",: Wari Bank of N V :,???; Kub^:. Burnett?D ; idenbirj et al. "'SI' Rosen 1; .-- _z - . -- 't'ai 1 it" 2 - ??-? li ou ? md rge 5'- h ?G*?neral - ptaoc. ' ort -,|? Rube . Bur - -?? Biener " "" "*d Rapj . Ra:J si nn?I. ' ;-.??? : '"-.;' I ' - ' . >:t Jb ' o. Inc . ;tjj.r Smith*s Auto :?'??- .-- -? ; James ". i ?' ?,\ >- r ^- - ; tau : ? -? ? - . - : T Jt 7 Flel sch --- ;.' :?;. p m ;0 ci ,, N y ? ^:<: Sardella, Gal mte ?: r- Inc, and Lmberto :a I Ua?Silver Iron & Steel Co . ; SUU Shanflel 3 lose; ?T J Tobls . ' SJJJ fternb rg --.?..? - -"- man Brot 1!0.: Scnoel ? _? a ? . i 'olumbia C^j HH? :6t? 334 3. ?:^lnberg Jo.<=eph?A Zwerdlirp 1MJ' Smith, De '.. ncey T ? Cc .-? bia Tra.-t Co. 4.?S?! Bplegel, V.nx?A Gesunterman . .*"'' sapir .^ir-.on?Butler Bros . . Htli Temple of Music, Ir.- ? Norden Electric Slgn Co. Sftt' Torgoff. Elkie ar.d Shaye ? H Schoenzelt . 344!' Troh-ra Ab-ihan-.?Miller s Auction Rooms, Inc . tHU ; Underhi'il. Ralph?lord * Tayior J4J-3 Lknlty Underwear Co, Inc?Cop Pir.s Tr?.n?'?- Co . Stl.V Vergessllch J \--rt- A O B Cerp lt*-*' Vickers, John H. et aJ-Jforrit ? Plan Co of N T . J:'?'; Vatable. Auguste ??M.M?ard.. 1?J ' Weisner. Michael? MatawaBM* ?.?"' Wlir.er Ronberg <*?->.??>?H Ssarc-- -??? Wittemann, Lewis Aircraft Co, Inc?Lamson & Kubbard Co...l*.!>?>.'? : 'Wear TVell Cos'ume Co, Inc. Abra? ham Strause aa.J. Max StrMW ,,.,,. ?Progress Xational Bank ??-? *??***?* Wltkower. Samuel?Frank F ?? .?,. Co of X T. Inc w West Kendal! Cannlng Co, Inc? | Goldmeyer, Thlel & Arnold. Inc ?" ? In Bronx CooirtT : The first name :? that ef the <M>?:: : Art hei Realty Co ?H- T, F John- .. son .ji,i??-? Baker. Jacob and Abraham?S .,..,. ' Carell, August, and Alfr" P K,t.5 , Rice?j. Bergman.??:' 5"" Cooperson. Dora F? A Racn- ,..r ! man .,????? Cr' ErwiS. Ernest?Hamilton nw"- ?,, tute .'?:*'i' ?i'ii Fassler. Ella?^Second A-v. B? " . Goldberg. Morri^-Oarpoint Be- ^. ' HocMele0en!' Annle^B." H- Wl'lkins 5.??* Karpot-ky, Steve?BerasWre ln- ]g.? dustri:, i Farm. si.;' Morris. Fred L.?C. Morris... ... Markowltz, Milton?Hainnto*.' m- $Jf; stltute .?_ " .;. i Iloson. Abrah3m? Mar'.c? lag''1 .?4; Rlch'mond County' Advance Fub- ,B1J, Co.?L Wagner.? ? ? ? ? ;; ? * *' ,79.?* Sternberg Kurs Corp.?M. Animan ,, Schaeffe? Julia D.?M. B. Wc* Ullman, Julius, aml ?^*''r';;,; nl'' Music House. inc -Ricca & Son .: Iwartsky, Max?H- MlndlinlOtal. * ZIppert. Bernard?Read Machln- ^ ery Co . Satisfied Judgnicnt* ln New Vork County The first name ls that of **'*$&** sec-md that of the credltor, an'- a?i judgmeut was filed: Souers. John E?Alliance Press $3lJ,as Co; June 29. 3?0S.??? Brk-kel. Max?J J Cottsogen, AP- j4f5i 1?7. 1921 (vacated 3.,?".*.!?"? t'ristall. Benjamin?H H coSen. ^,-3 Nov 30. 1931.???.-. . Coubert, Auguste A. ?nJ^^ Surety Co?American BxctoJ?? n,.?? National Bank; March P. !?*?-. Grand Delancey Co?People. ei. ? joo.W Carroll," Cyrll A?Ryan & Hughes. ?J8|j Carroil. Cyrll A?OTooies Motor Inc: Oct 3. 1923 irroll. Cyrll A?O Rentlng Service, Inc; oct ??? j 0aj.|? J921 .i Same?Hudson Motor Car <~o ?' gjj.H N Y, Inc; Dec 12, 1921. . ??????* Coldberg. Louis?1 Unger; Oct ?. %i%%\ 1921 .-\','.L'T Carroll. Cyrll A?Hudson Motor Car Co of N Y. Inc; Dec 10- ,,,.41 J921 . Coluccl. ' Antonettn-C Wynre; , eJ, j ? Dec 20. 1919 (released). . ? ?? Lackawanna Iron & Steel L? American Enamellng Mfg Corp. 1<(>;0,4J Keogh'. 'Lawrence- V*' D? Monte- , n bello et al; Dec 13. 1918.... ? Atark. Nathan?H Smith et ?. ^m May 23, 1921 .?-? "' In Bronx County Hubbard. George M?Hpller ioo ,#1| Mfc Co. Inc; July S. 1918.... ? ?? Mann. Ralph H?M Shlnll*r; J*n -j.ji 30, 1931 .*?*