Newspaper Page Text
sw - " " fl--;1,'
THE WASHINGTON HERAIJ) WEDDAY: JANUARY i. 491$.
MARKETS-FINANCE-COMMERCE 1 - f ; "
. : - . -- ? - v -'
- ; . : j V' vf -' .; '- '?' -"v "
i i Ittt sr t nmnnnm nnnnTn II" cant This lncreaie Is due to' the ''. i i; -'" . J ,J-'vl" f 4''l -'' - ''
UnLL blKljul U UuDll iMteatTnd will rawn'a Mrrewndtae '. '' & ' ' - JM' 1 '' -1l5 "&
I Increase In earnings of the company. , '', Jar-4.. , " "" ' , 1S-J&V- . j A' Jbc" s5V
The best hid on the curb for Interna- $? '3m s V f t "T ' ' 'TrPs-? .'-' "?.-' V"B""
tlonal Itubber'lsS, and UJs offered at 9. , ,y ., i A ' j&ts M&J !?-" -,,S -1 "-. -. '.- ir'A.. W.;- v
There Is a very small market for the 'v , (fT X-wSSSst ' ' '""' " -' , "v
'TUESDAY'S GAINS. ' '!: ' -i4r' "? - ,.
K ' L". , "
Local Financial Matters
By- I. A. Ft.nMI'a'G.
Wall Street did f. rcallj- first-class job
ot "window dressing" yesterday In the
hope of Riling the market such a strong
showing; on 'the last day of the year
that there would be a rush of Invest
ment orders returning dividend and In
terest distributions lth the advent of
the new scar.
Whether the effort was a success or
not rcmalns to be seen, but the fact
remains that on a very limited business
the market was given the strongest kind
ot support, and excellent advances were
scored, 'w ith few recessions.
At that the trades for the day made
but a small aggregate, and there was
nmple time to fend all quantities over
the ticker, largo or small.
As far as a legitimate renson for the
advance was concerned. It would be diffi
cult to find one. Money Is still tight
and HKelj to remain so. After the ad
journment for the holiday, within the
next few days. come, tin Supremo Court
decision on the Minnesota rate cac.
Much reformation of the stock exchange
is promised, the Cabinet of President
elect Wilson will be named, or at least
hinted at. and the Individual effort theo
ries ot the Presldi-nt-elect enlarged upon
to the disturbance of Wall Street's eicn
tenor of mind.
The one bright spot thai the street is
failug li found In the railroad earnln
that are more encouraging, despite its
continued and persistent regulation of
rates Hnd setback to Advances by the
Interstate Commerce Commission.
And in the last few minutes of the scs
slon some of the wise ones started in to
take rtrotits chopping fractions of the
gains and preciitng a close at the top.
It is announced that the meeting of
stock brokers has been called for New
York City, February 20. for the purpose
of forming an organization for protec
tion of common Interests.
The Stock Exchange governors will un
dertake to reform that organization. No
one knows Just vhat kind of reforma
tion will bo advanced, but the theory la
that limitations as to trading on mar
gins may be made and that margins
may bo so Increased as to protect tho
speculatively Inclined who are not able
to protect themselves. This could be ac
complished by a IJ to D) per cent rule,
that would take away much of the spec
ulative features and might further be
accelerated In the good work by a rule
that would prevent ten or twenty-share
buying In margins at all, necessitating
the purchase by customers of odd lots
It is evident that some kind of an
effort must be made to protect the stock
list, to prevent the listing of stocks that
do not represent much real value and to
advance publicity of the fullest character
concerning corporators whose securities
are admitted to the trading list.
Unless the exchange Itself Inaugurates
reforms the State of New Tork will very
likely take up the matter and push It
to a conclusion.
The sooner these reforms are put in
force the sooner the public Investment
demand will Improve. Surely the public
that has scarcely met with success in
its efforts should be considered, must
be considered, if Wall street is to thrive.
The New Yjrk Commercial charges the
net loss account of the abrogation of
the treaty with Russia at J13.000.00ca The
same paper sas that the rail tonnage
for 1315 breaks the record.
The New York Times Is authority for
the declaration that James J. Hill, the
Northwestern Railroad magnate, may go
Into the Wilson Cabinet.
Jlr Wilson could not obtain a more
astute, farseeing business man, but the
chances would seem to be against the
probability of Mr. Hill becoming a Sec
retary, despite his broad knowledge and
the wisdom that he would brine to the
At noon jesterday the officers and dl-
reciors of the Washington Loan and
Trust Company visited the John Dickson
Home for the Aged, in Fourteenth
This most W'orthy charity Is In charge
oi me wasmngton Loan and Trust Conv
panj. was built under its care and direc
i on. and is liberally endowed, nearly
4-.w,wu naving oeen made available,
with a large amount coming later on
The building, pure colonial in design,
with a magnificent site and ample room
for out-of-doors exercise and with beau
tiful pines and other shade trees, really
is one oi me snow places ot Washing
ton. Inside it Is comfort itself, with much
more ornate equipment than one might
expect to Hnd in an institution of Its
cnaracter. L.iery room Is large and
light, with excellent ventilation, -furnished
in mahogany, with brass beds
mrougnout. The hospital section Is neat,
clean, cozy, and attractive for the aged
invalids who may be patients.
Arrangements are made for the accom
modation of 100 men. and applications
have bce-i made for sixty rooms. Some
or the rooms are double.
Many of the wives and daughters of
tiio directors of the trustee institution
graced the reception yesterday. Com
missioners Itudo'ph and Johnston and
Secretary Orme, of the Washington Gas
company, were about the onlv euests.
the latter being related to the donor of
There was no speaking, nothing but
an Informal luncheon and an Inspection
of the premises.
Washington has no more worthy char
ity in Its borders than the John Dick
son Home for Aged Men.
Money was 5 to $ per cent yesterday on
Wall street, closing at S per cent.
The Continental Oil Company made
the sensational gain yesterday, ISO points
to 1.SO0. while the Standard Oil of New
Jersey advanced but 4 points.
The bank clearings of the year 1312 ex
ceeds 123,000,000 the totals of a year ago,
and" by nearly C04,000,OOt the clearings of
The total figures as prepared by Man
ager J. Gales Moore were 331,777,691, the
largest In the city's history.
During the year 1312 the International
Banking Corporation sold its Washington
business, the Merchants and Manufactur
ers' was taken over, as well as the
Fourteenth Street Savings by the United
States Trust Company. The Mercantile
Bank was also merged with the Union
Savings and the Continental Trust Com
pany, a million capital started a suc
The Commercial National absorbed the
National City, and the Washington and
Souebern Bank, the Seventh Street Sav
ings, and the North Capital Savings came
Into existence. ,
Washington needs during the present
year a few mergers, a few stronger In
stitutions to aid in the developing of the
city. There's rich pickings In this city
for trust companies big enough to handle
large projects, as evidenced by the heavy
loans on Washington property by trust
companies here and elsewhere.
Washington stock brokers did a little
"window dressing" on their own account.
They were successful in giving tho clos
ing day of the old year a better record
than they had any single day Tor some
time not In volume, but In the number
of stocks and bonds that' showed 'on the
Bonds to the face value of 13,1100 were
traded In. Railway 4s furnishing the bulk
of the business, and the price was S33-S.
Gas Ss. 109 5-S to 110: Potomac consoli
dated 5s. 100: Steamboat Es. 104 1-2; Trac
tion Ss. 110.
A quotation lot of Gas shares brought
SC Railway common, SS. Mergenthalcr
was active In a small way at 2171-1
Indications point more strongly than
ever to a contest In the election of presi
dent of the Washington Gas Company,
and, of course, this must come through
a light on directors favorable to the re
election of Sir. Loiter.
It Is understood that a concentrated
effort will be made to secure proxies.
Many prominent' shareholders believe
that It is time for tho gas companies ot
Washington to come together. In the In
terest of better service for a large part
of the city. Increasing earnings, and a
harmonious understanding within the
The matter of salary has also excited
more or Ices comment, and a cut may
be made from tho JlS.000, tho present
stipend, which Is said to be much too
high for the office.
The AVashington L'tllltlcs Company
seems to be resting on Its oars, trans
ferring Washington-Virginia stock, and
considering the next movement
Tho facilities have arrived. If there Is
any desire on the part of the three out
side utilities Capital Traction and the
two gas companies to take advantage of
the opportunity for financing through the
Washington L tllltles Company.
Financial interests believe that after
the settlement of the utilities commis
sion matter It will be possible to bring
about a general amalgamation of nil
utilities, but only on tho basis of cash
for the corporations now on the out
side. Congress will probably act on the utili
ties commission during the current
month. The bill now before, the House
will probably bo accepted, making tho
Commissioners of the District the com
mission. There Is some opposition on
the theory that the Commissioners now
have their hands full. It Is expected
that the utilities would pay the expenses
of a commission.
The new year s still jomic. may It
be Uie most prosperous to Washington
as a city, to the financial and security
interests especially, and to each reader
of this column In particular.
May it also be the happiest of years; may
jours be happiness that comes from
well-directed energy, from satisfaction
with work well done, a year well lived,
with "charity to all and malice to
"A Happy New Year."
WASHINGTON STOCK EXCHANGE.
tVuhmctcm Gu Ss. C000 at MBS.
Uxhingtim ;u. 6 it g3j: S at SB.
LacJtoo. 5 at X.
Union Sariasa Bank. 7 at 36
Potomac Insurant. 1 it 30.
Norfolk & Waihinftoa SUamloat 5a. 140 at IMS
Potomac Cona, 5a. J1.000 at 100: COCO at KD-
CaMUl Traction Si. 120 at 110H
M'aihirston Gai &. $509 at 110. S1.00D at 110
M uhington Ballvax & Hectric Companr. 20 at Si.
Mfrjmtnalcr. 1 at 37H: 2 at aJH: 2 at 217H: 5
Waablncton JtiUwir Kcctno 4a. 11.000 at Krl
SLooo at tp: 11.003 at SM: Ji.oro at cs: Ji.ooo
at 83,; JI.OOO at S3V. $1,000 at SF; 11.003 at SS:
11.030 at G: $1,000 at 3V
U R rtr 2i 10CPSN. lOJH
V. S coupon 2i 10m IMS
U S rtfc I02S
V S coupon 2a iOJS
IT. S. res. 4 lm,
U S coupon is. IUS
Washlnston Gaa 5a. 109S
Capital Traction lUilrold Ss. 110
City ft beburban 5a 1(0
Columbia 5s 100
Columbia ft 101
MetropUitau Sa 103
Waahinfton RaiWajr &. Qretno is . .. S7
Washington. Aln. i. t Vrmon Sa
Potomac 3eetnc cutis. 2a 100
Potomac Electric Light Sa. MO"!
Chetapcake Ac Potomac Trlephoaa Se.. 101
American Telephone & Telegraph 4j 108
Norfolk & Washington Steamboat & . . 1M
Bias Bealtr Ss (long)
PUBLIC CTIL1TT STOCKS.
Capital Ttacticn K2
Washington P.jilw.r & Llectnc dan.. Eg
Washington Railway k Electric pfd... 90
Washington Gas , SJS
Eastern Licit k Fuel. U0
American Telephone & Telegraph...... 137
TTPE MACHINE STOCKS.
Mergrnthaler Linotype 26
Lanston Monotype VPh
NATTO.-.AL BANK STOCKS.
Commercial ...................... .........2D5
District - - 'lU
National Bank of Washington ."Jso
TRUST COMPANT STOCKS.
American Sorunty & Trust. 202
National Savings & Tnzsf.... SO
Union Trust- 12S'2
Washington Loan & Trnst. 310
United Statea Trust .'110
EATINGS BANK STOCKS.
Bank of Com. it. Bar lzi
East Washington.. ..................... 1S
FIKE INSURANCE STOCKS.
Corcoran ................. ......... 80
Firemen's ... ............. 19
German-American .. 30
National Union 7
TITLB INSURANCE STOCKS.
Heal Estate. "35
District of Columbia Paper Mfg. Co.... 1M
Graphophrce cum.. cz
Grapbophone pfl T5
Security Storage "2
Washington Market IT
BOSTON COPPER STOCKS.
Adrenuin S 6
Bohemia - Z 214
Calumet & Arlloca..... 70 TDK
Calumet & Bed. C2 555
Copper Range SI S1K
East Butte. Htt H'i
Franklin - h 9
Indiana . 15"i It
Lake 21 CH
La Ealla . 15, S
Uaaon Valley 10 10
May4oer - US 14
Mergentnaler 215 28
Michigan 1 n
Mohak S04 (1
North Butte SH 23
North Lake 2H Vi
Old Colony.......... .........-....... 8VI
Old Dominion M 6(4
Oncco . li Z
Osceola 103 135
Quincy T! 71
Shannon n 1 13U
South Lake CM H
Swift .. lOUi 105
Tamarack H .'.................. 23 33
Trinity 4K S
United Fruit ............ ISO 181
Utah Con. KM 10
MctorU IK Z
WolTerine 631 78
Largest Homing Circulation.
The buying of Amalgamated Copper Is
said to be of exceptionally high grade
Commission houses ot the first grade
are expecting a much better market next
month. They seem to .anticipate Irregu
lar Improvement, but with large activity.
L TVtlson'8 speeches are being very close
ly watched now by Important financial
Interests to get a line on his crystallizing
Ideas toward capital.
A substantial borrowing demand Is
noted privately, with specialists declaring
liquidation to have ceased.
Business men generally arc talking ot
taking a middle court-e In their activi
ties until the various Legislatures. State
and national, shall have defined further
their attitude toward commercial and
Members of the floor professional crowd
are reported as expecting a drive against
Steel shorts in tho near future.
That the management of the Baltimore
and Oiiio Rallrgad does not subscribe to
tno view mat uie year iiio win ma uiaincu
by a decided falling off In business, is
Indicated by tho advices from New York
that it has Just closed a contract for tho
purchase of 1,000 steel gondola cars.
K. X CL tlandolnli The market opened
quiet but firm, and soon began to Im
prove, and beforo noon advances ot 1
per cent or moro were common among
thA active Issues. A long period of dull
nes ensued, with some Fagging off In
prices, but In the last hour a fresh buy
ing movement carried stocks to the nign
est level of the day.
Tradinir was dull at all times, but sen
llnient was Influenced by the fact that
the money market was hound to rule
easier within a few das: that the pros
pects were for a settlement of the Bal
kan differences and the possibility of a
favorable decision In the Minnesota rate
case on Monday.
The result of all these factors was
to give a strong tone to tho market In
the late dealings with Amalgamated
Copper leading. Call money opened at 6
and renewals were made at that figure,
but In the afternoon an easier tone pre
vailed. There were some fractional re
cessions from the best prlees, due to
profit-taking In the last fifteen minutes,
but the market closed strong.
New Orleans Reprcsentatlt e Pujo,
chairman of the' House Committee on
Banking and Currency, Investigating the
Money Trust, who was In New Orleans
on his way to Washington, said tna com
mlttee expected to close the investiga
tion by January 13 and Immediately be
gin preparation of the report so that It
cculd be presented to Congress not later
than February 1.
Seattle The worst blizzard In twenty
years Is paralyzing railroad trafflo on
Northern transcontinental lines. In some
places eleven feet of snow has fallen,
and high wind Is piling drifts twice that
high. It probably will take several days
to clear the tracks of the C, M. and
Puget Sound. Meanwhile all schedules
The break in Intercontinental Rubber
common was due to selling by stock
holders who have become convinced that
an early resumption of common stock
dividends Is improbable because of tho
recent unsettled conditions prevailing In
Mexico, where the company's plant Is
located. The company has had a great
deal of trouble throughout the fall and
early winter In making shipments from
Its Torreon plant.
The market to-day gets Its buoyancy
from the European buying.
Leon F. Fentsman, vice president and
general manager of the International
Steam Pump Company, says: "Annual
report recently Issued reflects largely the
depressed conditions which existed a
year ago. Since September 30. 131. the
close of the fiscal ear, there has been
steady and encouraging improvement,
both as to volume and prices obtained.
The unfinished orders on hand are 0 per
cent In excess of a year ago and book
ings for the first three months of the
new fiscal year are 30 per cent In excess
of the same period of the preceding
Officers of the company could offer no
other explanation of the set ere break.
It was stated there Is no new financing
In contemplation. The directors meet for
the dividend action on the preferred
dividend shortly after the first of the
year, but rumors that preferred rate
would be reduced received no official
Evidence is coming to hand pointing
strongly to the buying of Amalgamated
Copper by Standard OH Interests or fol
lowers, ine Dig purchase of copper
metal seems to be looked upon as In
dicating a radical reduction of stocks by
targe consumers Duymg.
With the exchanges closed to-day and
the money market likely to continue In
a very uncertain condition the balance
of the week, the tendency undoubtedly
wm De to await the decisions which are
expected from the Supreme Court In the
big railroad rate cases, and on th terms
for dissolving the Union Pacific merger
wnen it reconvenes on Mondav.
Thus there Is no prospect of anything
better than the continuance of a nar
row and irregular traders market until
those decisions are announced.
The quantity of copper purchased by
the United States Corporation, reported
to be 35.000,000 pounds. Is exaggerated.
Tho corporation bought several million
pounds of the metal, and it Is probable
that this was due to the low stocks In
Europe and also In this country. There
has been such a small amount of copper
obtainable under 17 that It Is possible
that the corporation paid the top price
for the amount It purchased.
Jersey Central's November gross In
crease was J70.711; net Increase, 17,312.
The subtreasury lost $303,000 from the
banks yesterday, and since Frldnv has
Missouri. Kansas and Texas's operating
revenue for November Increased $001,435:
total net Increase. $327.23; operating In
come Increase, $317,26L
.The American Ice Comnanv nn ,nh.
sldlaries report for the fiscal year ended
October 31 last a decrease In gross earn
ings oi j.i.v,u: operating expenses de
creased $233,218; net decrease, $15?,0S; sur-
Although the transfer books rlns to.
day for General Electric Company's divi
dend of SO per cent, sales made In tho
regular way, instead of belnsr ex-dlvl-
dend, carry due bills for the new stock.
The committee on securities of the Stock
Exchange took this action because of the
ract tnat the new certificates are nnt
ready for delivery, but It has been In-
iormea mat mese certificates win h
ready on January IS, and that date prob
ably will be the time for ex-stock divi
The Price schedule of the American Can
Company for 1913, which -win be Issued
shortly, Trurincreawj prices for the can
companrs product from V cents to 75
cents per 1,000, according to the size ot
Topper 2ViInlrrboro ....
"mriiinn; a a tc w. .......1
Cotton Oil 1 Lehigh Valley. .1H
Anaconda 34C A O Va
Atchison Mpprr ...,'.... H
B. A O st. Paul 1
o. Purine ltltradlne , 1
Brooklyn II. T.. VjMlrel yn
Union Paclne...lX,S(rrl pfd 1
Canadian Pacific ltah Copper.... 1
Central Leather. V-ltock Island prd.l4
Colorado Fuel... y.V. . Itralty i
Krlr lllarlllt 1,
CJrn. Klsx-trle.... Thlrd Alf
ttrent JVnrlbrrn.l We 4 7
Ut. N'orlb. Ore..
Beef Nuarar SKChlno Conner. .1
Trxna Oil mullein. Strrl Ti
Mexican Oil IVsL & M. Tub. ...3
California OII...1Ani. Tobacco.. ..2J4
NEW YORK STOCK MARKET.
New Vortc, lire. 2L
ST. Hurt. Lost. Cbw.
203 AllutChahnrrs pfA. 2d ... 8's 5 S
1U) AUVChalnwTi 3d fid Pi !a Vi
J0.2MI Amalgamate Cct.. ...... 78', 77 S
T.tOO Am. licet bugw..... S0' O O'j
ICO Am. Boot, Shoe A P. S3 Oi
30 A. Bra. S. A P. rfd 13Vj 13! IJMi
2.TWJ Am Can..: 30. 29S J4
SKI Am. Car A fbundry H" S3, KM.
A(B. rlUcs. , 4Viw 74
133 Am. IIIK-S 11 78'i 73j li't
1W Am. Cuttoii Oil V 67 SI
TM Am. Ice N-rurltha. 1H 10" UH
100 Am. Malt laVl rO CO 00
2.7C0 Am Smelling J3 TTi TJS
33 Am. Hugsr i 116 ll IK
410 Am Tel A Tel 130S 1WS U3H
l&A m. Tohactt ZJ 2-$ 20
103 Am Uudm K". TO IS".
1" Aiu. Murilrn ,l 7J "S ;j
2.0 Am Urtlng PatT !.... 31 21 31
4.103 Anaconda aja. 30Ta 0H
001 Atchfira 105. 10A, la
Ml Atlantu Coart Line-. 131 131 lit
in) llaldaln IoranUirr Cu ... SI SI M
1(0 HaldBin Lffumotire rtd.. 101 101 lot
930 Baltimore A- Ohio 105'i 1US 104S
1.300 Bethlehem Hterl 20'a SI 33a
"3J II. K tli.jdriA
2.60O Bnklyu Uartl Traii.it...
24S CaH'cmia IVIrol ......
400 California I'etnl t'd
.. r? r; re-a
flO ClicMl.ikr & Ohio "J
S00 Chicago Great Western H's
1.S00 CM.. M. A ft V 1U
ICO flit. .f A Bt ! 'd HI
161 Chicago A Northwrelem.. IX".
20) C C V A fet U S3
5JTO Chlno Con Co.fT.. ... i,
3.0 Colorado Purl A Iron M
COO IVnaoliualM Gas 39".
200 Com Product 1IU
3J I). L. A W 570
ISO Detroit United Itallroad.. i
TOO DisUUert tecurtUea IPj
100 Brl 33
300 Erl, 1 r-d...v ,
SCO General Ucctrle Company.. 1S7
100 General Motors Jl's
20 GoldUdd Cona. 2,
1.0J0 Great Northern M W,
SCO Great Northern Ore suba. 41
172 Hemr-aaU 11!
3 Illinois Central 12J
lit Int. AgricuL pfd.. 30
ItOO lnsp. t'oiiw U
1.0(0 Inter Met. 18
1.630 Inter. MO. Kd (4
30 Inter Harvester lll'a
30 Int. Paper 12
TOO Inter Paper pfd
SCO Int. I"ump 13
COO Int. I'umii id 65,
SO Kansas City & Southern... 37a
2,700 Lrldgh alley !:,
Bl L I M. TV 513
10) Lotic-Wtln 1st isTd. lO!.
203 LuuisTtlla A N'asbTllIe Ill
503 Manhattan Eleiated 13
B0 Meicantllr Marino S
3C5 Mexican Petroleum 71',
30 Miami Cucur 3.
30 Mir, Kana. A Tm 57 X
3t) Miauxiri Pacific 41 41
3D National Biscuit 125$ 1J5
30 Nat. En. t St. pfd IS 15
103 National Lead S91 55'J
1J0O Neiada Con. Copper MS 194
TOO Ne Yoik Central 10SV. KS
400 X Y. Out. A West. 3IS 21
33) Norfolk A VeUrn 11.
1.80J Northern Pacific Cl,
2,100 rrnsylrasia Railroad. I"
3)0 reo. Gaa A Coal 1144.
200 rntaburg CU1 pfd J1H
1C4 Pub. S. C. cf N. J 1U'
100 By. Steel Spring 33. 23V
2J30 Ray Con. Copper. 21. 2P-
12.SOT Reading l7, ifei.
Happy New Year
The Commercial Fire Insurance Company wishes it$:'
present and prospective policyholders a happy and a
prosperous New Year. May they be as prosperous as the
Commercial itself, in spite of unjustifiable attacks, and
as happy as its officers and directors are in the con
sciousness of having built up a large and successful fire
The company's annual statement, verified by the
leading actuaries of the United States, will be published .
within a few days, showing splendid increases over its -last
statement of October 31.
ROBERT R. TUTTLE, President.
H3 Reading 31 rfd
3"0 Ren. Iron A Steel jy.
700 Roi Island -ja,
3D Rork Island pfd It
3)0 Rumely yja
100 Rumely pfd 100
110 Seabnard Air Lin pfd.... Gi
1M lit. U 1 Ban F li
104 St L. A Ran F. 2d !.. SS
10) Hcirs-Kucbwk -. -fli.
II COO Southern Pacific I0P
2)) Vnilliern Railvay ... . ?3
100 Nuilhrm Railway ifd. .... S3
200 Standard Mill 23.
100 Standard Mill, pfd S3
250 Stndebakcr x
310 Studebakcr pfd 92
400 Tennessee Copper S
500 Texas Co Ill
2.309 Third Atrnue Railroad.... 41
23 Twin aty R T 103
20) United Big & Paper 7S
100 United Bag A Paper pfd . 'U,
10.700 Union Pacific Itl
100 Union Pacific pfd S144
30 United Cigar SOS
10) United Cigar Pfd 101
10) United Railway I:
100 U S. R. ft Imp 75
ilOO U S. Rubber (3
103 U S Rubber 1st Hd .. . 107
23.3U U 8. Steel C3'.
310 V S. Steel pfd 110
3.100 Utah Ccppr SOS
100 Virginia-Carolina Chan.... 43"
100 Wabash 4
203 WeBtinghonM Mfg W I 7JS
1.023 Woolvortb in lnr; )ios
100 Wisconsin Cent. SO M 50
Total wt . 13S.S3 shares, against 173.712 yesterday;
113.433 a wtek ago, and 461.663 a year ago. From
January 1 to date, 135.4S.33. against ,853.3)7 a
1C3S I Milwaukee ret 4S, W
Kxchangsj Mia. 120. 50
IMUUc Improvement 3s. 1940 -
GAS AND ELECTRIC.
731 7tS Baltimore Electric Sa tttamil) 96a
2S. ZKt Consolidated (.. G . C. M. Ss, 1333 lOTla
"7 27 O. G.. E. L. & P. C. 31. 4"s, 115 17
41 41 I C .. E. L. k V. com. 100
IS 125", O. G.. E. L. A I. 1st rfd.. 100 111S
IS I U. E. L. A P. 1st O. M. 4Vs. 19C SP
S3S; BANK AND TRUST COMPANIES.
US' American Bonding, 23 71
10SS Continental Trust, 1C3 ..2U
31 Fidelity A Trust, 30
1!2 Mariland National. 20 21
121S . National Trust ijd . 101 1I7S
171S IBS National Mechanlaa. 10 lex dirt 25S
HIS 1U1I RAILROID STOCKS.
SIS J1S Atlantic Coast Line cf Conn.. 100. 3B0
118S 11JS ilarylacd A Pcnnsjlranla . 37H
Si". Northern CvntraL 50 (ex dit ) ......
Jl United Railways & Electric, 33 .. 3IS
IGT&i Waaliitigtuu. Baltimore A Annapolis pfd .....
02 RAILROAD BONDS.
23" (Atlantic Croat lane rights (W. LI 3
23S Cool A Cote Railway 3a. 94S
41 1 Coal A Iron RailwaT 1st 5s. 1X9. 100
KS Columbia A Grcenrille 1st 6s. 1516. 101
100 I Georgia, Carolina & Northern It 5s. D2J IBS'
43's ! Maryland A Pennsylvania Inc. Is. 1361..
IS I New Orleans & Great Northern 5s 654
New Orleans. Mobile A Chicago 5a E6S
Seabnard 4s ftamped . S3
f harl-aton City Railway 1st S. 1323 1C3S
City A Suburban (Wash.) lat H IMS.... 103
Fairmont A Clarksburg Traction 5s 100
KnoxTitle Traction Ut 5a, 1338. 104S
Maryland Electric Railway 5s - 37S
Metropolitan (nasn.) 1st 5s, 1923 lSs
United Railways A Electric fdg. 5a. !S2S
United Railways A Electric M ts, 194J . II
United Railways A Electric inc. 4s, DO
United Railways 5f. notes HCS
Washington. Baltimore A Annapolis 5s.. S7S
Canton Company, 103 133
Cotton lhn 5a. 73S
Ccanojldatlon Coal. 10) S9S
llarison Chemical 6a. .....
CVamilidatlan Coal rrf 5s. 92
Fairmont Coal 5s
Houton Oil mm. (tr ctfs.) - ITS
Houston Oil die ctfe STi
Maryland Steel 1st 5s. 1331 M
Jlrrrhants A Minns Trans. IV. T.).... 73
lVnnsjIranU 1. cum 67
IVnntjlrania . r. 5s. 3)
Ca 63H 63S
NEW YORK CURB STOCKS.
Furnished by W. B. Bibbs A Company, Hfhbs
Birfldtnr. tTaahlnitCB, D. C.
AtlanU la IS
Bay Bute Gas i 4
Braden Copper 10"4 iou
Brltiab Colimbia Ccppcr. 4'i ft
Chicago Subway Vi t
Glroux Copper 3S 4
Goldneld Florence 60 63
Intercontinental Rubber ...
Jumbo Extension ............
Kerr Lai. ,
Mines Company of America 3
Neiada IIiUs p
N'eradarUtah 1L A S. Corporation. C2
Nlpisaiog MtoeJ Co. r
Ohio Copper 1
United Copp-r I
United Oopiier pfd 5
Yukon Gold J
1 MS 1 11 U
NEW ORLEANS COTTON.
Furnished by Jf. L. Carpenter k Co,
Open. nigh. Low. Bid. Asked.
January....-. 12.TS 12.81 12.75 I7 12.80
Mrch.. .. 12.7S 12.S 12.76 lift) En
May 1Z23 1190 12J1 12J5 12.86
July 12.90 1197 -BUS 12.92 194
October. 1L7 1LH U.7J IL77 1L79
NEW YORK C0FFEL
Furnlsbed by N. 1 Carpenter & Co.
August......... 11 01
October - H0S .
N'oiembcr........ ........... 11
New Tork. Dec. 3L ilosiiig quotations of mlaccl.
Allia-Chalmers s llmst comtwny otfa.) SB
American Trleplioiic A Telegraph coL 4a. es
Atchija, Toirka A Santa Fe est. 4a. 103
Brooklyn Rapid Tranrit 4s 92
Canadian Southern 2d 5s. 10O4
Central Leather 5s 94st
Central Pacific tot Is . 95
Chicago A Alton 34a. 6Pi
Chicago. Burlington k Quincy Joint 4sl. ......... 93H
Chicago, Milwaukee k SL J-aul Vas. V&i
Chicago k Northwestern gn. is... 93
Chicago, Rock Island k PartOc rfg. 4a 67H
Chicago, Rock Island k Padua col. 4a. (34
Erie est. Is. scries B .... 77t
Great Northern Cia 100H
IndUna Steel 5. 1001
Intertero-Mctrorolitan 4Sa. 80S
Intematlonat MrmnlUe. Marine lis ....'
Kansai City. Fort Scott k Memphis la...
Lackawanna Sleel 5s, 1930
Loulsrille A N'aahrillr unified 4s.
&Iissonrl. Ksnsaa k Texas 1st 4s ..,
Mobil k Ohio sew 6s. 1H
X. Y.. N. H. i 11 nt 6s K5S
New York Railways rfg. 4s 77i
Near York Hallways adj. 5s 57H
Ncrrora k Western con. 4s......................... 97
Northern I'adllc ta. 98S
Northern l'adflc 3a. , 63S
Oregon-Washington R. R. k N. 4 91
Pennaylranla ceo. 4a, 19(3. 10Z
Philadelpbia. Baltimore At Washington 4a. 994
Public Service of New Jersey fs 3S,
Reading gen. la.. ..............,... 97
fat. Louis k San Francisco gen, 5a. ........ S3
Southern Factfc rfg. is. 93A
Texan Company evt. 6a. 99
Third Avenue rfg. 4s. 11
Third Avenue adj. 5a. 75S
Union Tactile 1st Is. 9T,
United Statea Steel sinking fund 5s - 101S
Waba.h rfg. s... 644
NEW YORK PRODUCE,
New York. Dec. 2L-MLLFKED-Firm: ammlr
it emalL Spring bran, 74.10: standard middlings.
24.50; Western red dog. 27.50: winter wheat bran. la
100-pound sacks, to arrive, 2590; dtr bran, la bulk,
r.TE-Steadr: trade Is root. Western, to arrive.
Is valued at about 70. c i. f.; track and SUta
FLOUR Steady: business partly suspended. Kan
sas atralgtir, 4.15ai.30, In sacks: spring Patrols.
loai.99. In barrela; sraipg clears. iJOai.40; soft.
alralgtts, u arrive?, i.65aU0, In barrels.
BYE FLOUR Trada poor; prlcea ar steadj.
Good to cbedoo qnrjted at 2.60aL05 In barrels.
BUCKWHEAT FLOUR-SIow: anppcr Is limited.
Cbokw nomtnal at 7.11 for 100 poonda.
COIt-VMEAL-ateady: nVmand Is lifeless. KDn
dried. new. for expert. 3 Ta' X: ooarsa meaL In
baa. L25alJi for old.
UAY-RcorfpU. L2U tons. Slctsy; buamaws ta-
The All-Important Question
FOR THE NEW YEAR IS:
How can I make the MOST of my money?
The answer is open a bank account with this young and
vigorous institution become a "charter member" and grow up
with a bank whose deposits at the end of eight months' business
amount to nearly FOUR TIMES its capital and surplus.
In addition to PAYING INTEREST we offer the advatage
of our wide experience in business and INVESTMENT
crCa and sec us. You will need no introduction.
3 ON SAVINGS ACCOUNTS
2i ON CHECKING ACCOUNTS
Washington & Southern Bank
1413 G ST. N. W.
Phone Main 1S03.
ONE OF THE FIRST
DUTIES OF THE
Have your will prepared
by a reliable trust company.
This company prepares
wills free of charge.
when appointed executor or
trustee under same. Confer
with our Trust Dept, on tho
subject or wills or other fiduci
stjrlntereat paid on deposlta
abject to check.
The Washington Loan
and Trust Company.
Cor. 9th and F Sts.
JOHN JOT EDSO.V. President.
active. Qootationa are: No. 1 timothy. l.OTiaUO;
standard. LOS: No. LOOaLtJ.,: No. 3. 90a93.
oTTtAW-Recelptj, 1 tons. Steady: dealings are
lueicas. uudb rye qucaeu at m vu wi n cu,w
and rained uncertain- masibl' 70.
POBK-Steady: buainew ta neglected. Mesa. 1S.0J
ajsjo: famuy. 22.00a22.s0.
BEEF Firm; offerings an small, and trada slow.
racket. 22.OOa23.00; family. 2J0CaSUB.
LAUD Flat; light dealings. .Prime Western.
U.1S; reflnrd continent, 14.43; South American.
11.70: reftned Brazilian, in kegs. 12.79: beef stearin.
9H; lard atcarlna dull; Ner York. Vfi.
Furnished by N. L. Carpester k Co.
New Tor. Dee. JL
Today. year. To-day. day.
NeaTork.i A U.3) li?D
New Orleans. 1LS2J W 1T4 ft
Ualreaton.......... 2LS2S 23.032 1T rTa
lioblle. 4 iOI 12H CS
Savannah........ 3.70J 14.KS 12S 12S -
Charlotca.......... 0 LKt l?i I2a
WIlmrngtOQ 1.75S 1.712
Norfolk 2L597 2 12 IMS 1213-li
Baltimore........ 13.00 U00
Bcston.T,....., 449 33 1X20 1129
Various. . ltSISS KSt
TotaL .... CA.0CS a.ee2
Uoostoo............. 13,0a XXi VTi 12
Angusta........ S3 2.021 13.09 13.00
Mcmptls....... 3JX U8 13H UV,
bt. Louis............ 1JS3 4,OM v 12 3i
Uttto Bock. 1,09 7.4-3 123, CA
Branch: Center Market.
J SEL.WLN TAIT. President.
W. B. Hibbs & Co.
f New Tork Stock Gxcharg.
... J Washington Stock Exchange.
Chicago Board of Trade.
LOCAL, SECURITIES bought
and sold on same favorable
terms as we offer for trading;
In New Tork stocks and bonds.
The Safest Investments
Are IhoM tHat do cot Cnctoat tfurtaf
tartxd crodltkca of thm mozter or stock m
kcU. Flnt Ctrl of treat sotet (&nt mert
ppi), well tccorcd on rtal estat In thm tha
trfct of Cohimat, eouUtnt "<-Z&r la
TcstmratJ. Thcr da sot derwnd opoa tfca
C&a&ciil rncxi&bU.t7 of iadtTidtulj or oor
pcrtUorLt for their ttabUltr. ao4 an exempt
frcm Uxitloo as penoaa property. Wa caa
upplj aach inTeitsicsts la amoonta froa 9S0t
upward. Bend for tooaJit. Cooccrclaf touu
Swaitzell, Rheem O
727 IStk Street jTortkweart.
NEW YORK MONEY.
New Tork. Dee. SL Call coney opened txr
cent: high. per cent; low, 3 per cent; renrwala,
0 per cent: closav 3 per cent: rullnc rata, per cent.
-Tone money market has an easier tow. with offer
ings appearing In larger volume. Buslseu is stl I
extremely doll, however, as the inrmjTT for fundi
Rataa are 3 per cent to $ per cent for sixty days;
d per cent to & per cent for ninety days: W
per cent to 6H per cent for four months, and frl
per cent for five and six months.
Cofflmfrrisl paper Is unchanged at . per cent foe
the beat names. London discounts 4H per cent off
HI per cent: Paris diacounta 3 per cent, en
changed. Berlin discounts 34 per cent off U per
Twenty million dollars will b spent In
the lmprovememnt ot the terminals ot
the State barjpj canal at Nsw Tork Cits.