Evening star. [volume], December 26, 1918, Page 17, Image 17

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
TURKISH DEPUTIES'
BODY IS DISSOLVED
i j
Interior Minister Declares
Nation Was Led to War by
-is... Personal Aims.
Dissolution of the Turkish parliament
was proclaimed yesterday by the minister
of the interior, according to a dispatch
from Constantinople to the Petit
Parisien, reported to Washington today
1 hrftnch ftffintol r?V*o nnolc
, ?
It had been expected that the Turkish
cabinet would fall, according to this re,
port, but instead the house of deputies
i was dissolved by proclamation.
' Following this action, the minister
read a long declaration in reply to
' interpellation from the deputies of
the opposition in which he outlined
. the history of the war and pointed out
the fact that Turkey was led into the
war through no necessity, but to content
the ambitions of some high officials.
The Unionist organ, it is reported,
appears to be well pleased with the
dissolution of the chamber of deputies.
The Monitor Oriental said deputies
appointed by Enver Pasha should not
remain in office "when their master,
traitor to his country, had taken flight
' and was the object of pursuit." The
paper also called to mind that some
It-Duties have nubliclv confessed to
exactions.
It is also reported to the Petit Parisien
from Constantinople that the
ottoman government has just decided
10 create a special court-martial for
Hie trial of all functionaries responsible
for the recent massacres of
Armenians, although most of them
rave fled the country with Enver
Pasha and Djemal.
The dispatch notes that Marshal Lilian
von Sanders, formerly head of the
tierman military mission to Turkey
and one of those primarily responsible
for the massacres, was allowed to
leave Constantinople freely.
SHIPS AND MIR COST
Ml BEFORE SENATE
Formulation of Policy Relative to
Construction Discussed, in Connection
With Merchant Marine.
Formulation of a definite policy
relative to the further construction
of ships and their cost in order to
Increase the American merchant marine
to meet our needs after the
war was urged during a discussion
of the ship question today in the
Senate.
Senator Vardaman of Mississippi
and Senator Weeks of Massachusetts
both favored a readjustment being
made in the cost of construction now,
declaring unless this was done it
would mean the "writing off" of millions
of dollars after peace has been
concluded, due to the building of carriers
at war prices to be used in peace
times.
Present Cost of Construction.
Ships now being constructed for the
government cost about $225 a ton,
Senator Vardaman declared, while in
Kngland the cost is only about $140.
Senator Weeks declared that the shipping
board recently told him the cost
of constructing steel boats was about
SvlSO, but he added the official of a Pacific
coast shipyard had told him that
his concern had offered to construct
ships for the French government at
$115 a ton, the organization using
yards in Oregon and Washington,
where work practically has been suspended
and near which are between
25,000 and 50,000 men out of employment.
While declaring no intention to
criticise the Emergency Fleet Corporation,
Senator Weeks said it
seemed to him there ought to be
some definite idea as to what the
future is going to bring to this country
relative to ships for our future
needs.
Shipping Board Defended.
Senator Fletcher, chairman of the
r->e ii*n.c wiuiuciic twuuiiuirc, uciwmcu
the shipping board, declaring it has
been doing everything possible to
meet the emergency during the war.
and that because of the big demand
for tonnage, speed has been placed
ahead of everything.
The discussion was precipitated by
Senator Fletcher, who, in a prepared
speech, defended the Lafollette seamen's
act, which, he said, has brought
about, as originally intended, an
equalization in the cost of operating
foreign as well as American ships entering
our ports. Charges that the
act has driven the American flag from
ihe Pacific ocean were branded as
' utterly absurd" by Senator Fletcher,
who said it is difficult to see how it
could hinder the building up of our
American merchant marine, as not all
f the act had yet been placed in operation.
WHEAT PRICE SAFEGUARD
IS URGED ON CONGRESS
Legislation to make effective the
Wheat price guarantee for the 1919
p-rop, and at the same time to safeguard
the government against losses,
,.\vas recommended to Congress today
Vy the Department of Agriculture and
ihe food administration.
A memorandum sent to Representaive
Lever of South Carolina, chairnan
of the House agriculture commitee.
made the following recommendaions:
First?Kxtension by Congress beond
June 1. 192'V of the date for the
.rovernnient purchase of the 19.20 crop,
jj Second ?Continuance of the food administration's
grain corporation, or
& reation of a new agency to buy. store
1 nd sell 1919 wheat that may be officred
to the government.
^ Third?Possible legislative provil
:ona to protect the government
'. gainst wheat or flour brought in
from other countries during the period
"f effectiveness of the guaranteed
jiorioe and also to protect buyers of
' in*V? aa lnnc ac th.> wkant in
iu this country and not consumed.
* FOOD FOE 100 FAMILIES
;Hr. and Mrs. Robrt I. Miller Distribute
Christmas Baskets.
* Mr. and Mrs. Robert I. Miller, cele*
rated Christmas yesterday by a quiet
j. -itdibution from their home, at 1314
J-th street northwest, of 100 baskets
jof provisions and good things to
t eedy families.
1 Among the things distributed were
5 no small turkeys. 100 pounds of coffee.
100 pounds of sugar. 100 cans of
baked beans. 100 small poundcakes,
loo cans of syrup. 100 cans tomatoes.
100 heads of cabbage, 50 bushels of
potatoes, 50 bushels of turnips. 100
pounds of candy. 300 oranges. 300
apples, 100 2-pound loaves of bread
and 100 bunches of celery. Each basket
contained a Christmas card with
greetings.
POWDER STOCKS.
Quotations furnished by YV. B. liibbe & Co.
! Bid. Asked.
Atlas com 148 153
Arias pfd 89 90}$
t>u Pont com 247 252
,K i Pont pfd 91 92*4
*>rruies com........... 197 IMS
Hercules pfd. 196 109 i
SEVERE LOSSES SHOWN
IN THE STOCK MARKET
NEW YORK, December 2G.?There
wasn't much hesitation about the
stock market this morning. The absence
of anything like the usual window
dressing at the Christmastide
was so evident that the public noticed
it and kept away from brokers*
offices, while the professional trader
found very little in the way of encouragement
to do anything but take
the bear side.
The result was a weak opening:
and for the next three hours it was
a sagging market, with recessions in
order.
Investors Are Backward.
Traders who hold that prices should
remain more steady have not the
courage to back their opinions, while
investors looking over the situation
can find little hope of immediate recoveries.
Steel prices are being reduced more
or less freely, without tempting the
, orders that were confidently expected;
| the copper companies, continuously
i objecting to 26 cents a pound copper
l under government control, are now
freely offering the red metal at 23
cents, with no inquiries being reI
ceived for beyond March deliveries.
| One order for 1,000,000 pounds has
been booked.
Plight of the Utilities.
The plight of the public utilities is
one of the weak features of the entire
situation. Disgusted holders, belated
also, are beginning to get out of gas
and traction shares. Losses in Manhattan
and Brooklyn Elevated averaged
2 points.
Pounding of Steel common continued
from the opening for a drop of 2%
points to a new low on this movement
of 32%, while Bethlehem B, was
low. at 71%; Crucible, at 56; Industrial
Alcohol, at 100%; Mercantile Marino,
at 1.10%, and Mexican Petroleum
| at 166. the latter recovering to 16S,
i Doing aoout viie oiuj cw
Car Foundry was rather firm.
Coppers Show a Loss.
Utah Copper lost *4 and other coppers
a like amount. Smelter, Baldwin,
Brooklyn Rapid Transit and most of
the industrials shared in the depression.
Oils, leathers and food issues featured
the specialties, and here a fair
decree of strength was shown. Liberty
bonds were active, but somewhat
irregular.
Small trading and fractional recessions
were the order of the day in the
rails. There seemed to be some support
in the group earlier in the day,
but the pressure elsewhere was sufficient
to weaken this group, as weil as
industrials.
Weakness Becomes Widespread.
Weakness became widespread later,
industrials, equipments, shippings and
rails sharing alike in the more extensive
offerings.
The selling halted, however, on unexpected
declaration of the regular dividend
on Inspiration Copper, which rallied
, 3 points.
I
i W/ochinnlnn Qtnnl/ PYl>hanno
uoilill^iun vivvn kiAviiMii\jvi
SALES.
Washington Railway and Electric general 6a,
Sl.fKV) ;it 96%.
Washington Railway and Electric pfd., 10 at
70%.
Washington Gas. 10 at 55, 5 at 55, 10 at 55.
Tatnston- 10 at 65%. 20 at 65.
Mergent iialer, 10 at 134.
After call:
Lanston. 10 at 65%, 10 at 65%.
Washington Railway and Electric com., 5 at
51. 1 at 51.
Washington Gas 5s, $500 at 98%.
Bid and Asked Prices.
GAS BONDS.
Bid. Asked.
Washington Gas 5s 98% 99%
RAILROAD BONDS.
Capital Traction 5s 97%
City and Suburban 5s 88
Metropolitan 5s 96
i Washington Rwy. and Elec. 4s.. 72 73
Wash. Rwy. and Elec. gen. 6s... 96% 97
MISCELLANEOUS BONDS.
Potomac Electric cons. 5s 94% 95%
Potomac Electric Light 5s 96% ....
Potomac Electric Power 6s 96 99
Potomac Electric gen. 6s. . 97% 97%
Chesapeake and Potomac Tel. 5s. 26 97
American Tel. and Telga. 4s.? 85% 86%
American Tel. and Telga. 4%s.. 87 89
Am. Tel. and Tel. Ctl. Tr. 5s.... 94% 95
Am. Tel. and Tel. cons. 6s 101 101%
American Graphophone 1st 6s 96 100
D. C. Paper Mfg. 6s 100
Washington Market 5s, 1927 95
Washington Market 5s, 1947.... 95
W. M. Cold Storage 3s 94
Sec. Storage and Safe Dep. 6s 101
Norfolk and Wash. Steamboat 5s. 104%
Riggs Realty 5s (long) 9.3 100
xuggs iwtr<ut> os L? ........ oo xuu
PUBLIC UTILITY STOCKS.
Capital Traction *87 87%
Washington Rwy. and Elec. com. 50
Washington Rwy. and Elec. pfd. 70 71
Norfolk and Wash. Steam boat.. *185 200
Washington Gas 54% 55
American Tel. and Telga *98 ....
TYPE MACHINE STOCKS.
Mergenthaler * 132 134%
I^anston 65 66
Lanston Scrip 99% 100
NATIONAL BANK STOCKS.
j American 150 157%
Capital 224
j Columbia 200 225
j Commercial 185 190
j District 152
i Farmers and Mechanics' 220 240
| Federal ISO
i Lincoln *160
National Metropolitan 200
i Ttiggs 410
Second 1.3d 143
! National Bank of Washington... 210 230
i TRUST COMPAjNY STOCKS.
j American Security and TVust 222 225
j National Savings and Trust..... 265
I Union Trust 125
Washington Loan and Trust 240 246
Continental Trust ..*115 120
SAVINGS BANK STOCKS.
Home 420
Bank of Commerce and Savings.. 12 .....
East Washington ? 11
Security Savings and Com *180
Liberty H5 118
FIRE INSURANCE STOCKS.
Arlington 8 10
Corcoran 90
Firemen's *19 .....
German-American 225 .....
National Union 5% .....
TITLE INSURANCE ST0CK8.
Columbia *4 .....
Real Estate ' *72 77
xfTsrP.LLANEOUS STOCKS.
Chapin-Sacks 180
Merchants* Trans: and Storage.. 100
Security *185
Security Storage and Safe Dep... 110
Washington Market . 16%
Ex dividend.
Oil- STOCKS.
Quotations furnished by W. B. Hibba & Co.
Bid. Asked.
Anglo-American Oil Co. (new).. 17 17%
Atlantic Refining Co. 1010 1030
Borne-Scrymser Co 450 480
Buckeye Pipe I-ine Co 90 95
Cheseborough Mfg. Co 300 320
Colonial Oil Co 10 40
Continental Oil Co 465 500
Crescent Pipe Line Co 36 40
Cumberland Pipe Line 155 170
j Eureka Pipe Line 180 190
J < alt'iia-Sigual Oil Co. common... 92 95
I Caiena-Signal Oil Co. pfd 115 130
I Illinois Pipe IJne Co 150 155
} Indiana Pipe Line Co 100 104
National Transit Co 14% 15%
New York Transportation Co... 190 200
Northern Pipe Line Co 105 115
Ohio Oil C ) 315 320
Pennsylvania-Mexican Fuel .... 58 80
Prairie Oil and Gas Co 593 598
Prairie Pipe Line Co 266 270
Solar Kedning Co 330 350
Southern Pipe Line Co ^75 is2
South Penn. Oil Oo .. -33 298
Southwest. Penn. Pipe Line Co. luO 105
Standard Oil Co. California 230 235
Standard Oil Co. Indiana 725 750
Standard Oil Co. Kansas 500 535
Standard Oil Co. Kentucky 340 800
staudard Oil Co. Nebraska 460 480
Standard Oil Co. New Jersey.. 640 645
Standard Oil Co. New York.... 298 300
Standard Oil Co. Ohio 460 490
Swan & Finch Co 95 102
Union Tank Line Co. 104 106
Vacuum Oil Co 390 895
Washington Oil Co 36 40
COTTON MARKET. *
Quotations furnished by W. B. Hibba 4k Co.
Open. High. IjOw. 1 p.m.
January 29.80 30.13 29.70 30.10
March 28.60 29.19 28.55 28.90
May 27.80 2Sjfe 27.76 28U6
[NEW YORK STC
Received By Private Wire
HBESSfinESBEEx&sisEEssiiiissssEissisi
Open. High. Low. Close.
Aflame Express. 45)4 46)4 45 46)4
Adv Rumiey .... 23)4 2354 23>4 23)4
AJax Rubbet.... 65 67)4 65 67)4
Alaska Juneau.. 1)4 114 1% 1)4
Alska Gold 4 4 3)4 3)4
AUis-Cbalmers.. 30)4 30)4 30 30
Am Ag Chem pr. 96)4 96)4 96)4 96)4
Am Beet Sugar.. 62)4 62)4 60)4 61)4
American Can... 45)4 46)4 45)4 46)4
Amer Can pr.... 97)4 97)4 97)4 97)4
? - ??. y ?tl OA7/
Am Car & Fdry. 8<%. ol
Am Cotton Oil... 39 39 3S% 38%
Am Express 8434 8434 8434 8434
Am Hide & Lea. 13 1334 13 1334
Am Hide & He pi 87% 70 6634 69
American Ioe.... 41 41 40 40
American Ice pr. 56 56 56 56
Am Intern&tl.... 5434 55 94 54J4
Amer Unseed.. 44% 46% 44%, 46
Am Linseed pr.. 87% 8934 87% 8934
Am Maltg st pr.. 45 45 45 45
Am Locomotive. 60% 6034 6034 6034
Am Smelt & Ref. 75 75% 74% 75%
Am Steel Fdry... 8434 85 83% 85
Amer Sugar Ill HI HO 110
Amer Sugar pr.. 112 112 112 112
Am Sumatra.... 9434 94% 9434 94%
Am Tel A Teles. 93% 9834 9734 98
Amer Tobacco... 191% 191% 18934 18934
... . sn 50 50 50
Araer v> ouxeu... w
Amor Woolen pr. 95 95 95 95
Am Writg Pa pr. 27J4 27J^ ZJ'A 27A
Am Zinc & Lead. 12H 12V6 12 12
Am Zinc & Ld pr 45 45 45 45
Anaconda 60J4 W4 59? 60H
Assets Realiz'n.. % V% V*
Asso Dry Goods. 18 185^ 18 18/$
Atchison 90^ mi 90 90
Atchison pr 8854 88% 88/4
Atlantic CL.... 100 100 100 100
A G & W Indies. 108 10S54 108 108)4
Baldwin Loco... 73)4 73)4 71)4 72
Balto& Ohio.... 5234 ?2)4 52 52)4
Balto & Ohio pr. 56 56 55)4 55)4
Barrett Co 102 102 102 102
Batoplis Mining. 1)4 1)4 1)4 1)4
Bethlehem Steel. 60)4 61 60)4 61
Beth Stl Class B 61)4 61)4 60)4 61
Beth Stl 8 % pr.. 104)4 104)4 104)4 104)4
Booth Fisheries. 21)4 21)4 21)4 21)4
Brooklyn Bap Tr 26 26)4 25)4 26)4
Brunswick Ter.. 8)4 8)4 8)4 8)4
Burns Brothers. 152 152 152 152
Butte Cop &Z.. 634 6)4 6)4 6)4
Butte Superior.. 19)4 19)4 10)4 10)4
California Pkg.. 47)4 47)4 47)4 47)4
Calumet & Ariz. 62)4 62)4 61)4 61)4
California Pet... 20)4 20)4 20)4 20)4
Canadian Pac... 155 155)4 155 155)4
Case (J I) pr 91)4 91)4 91)4 91)4
Central Leather. 56)4 56)4 54)4 54)4
Cent Leather pr. 101)4 101)4 101)4 101)4
Cere de Pasco... 33)4 33)4 33)4 3334
Chandler Motor. 104 104 103 103
CheB & Ohio 55)4 55)4 54)4 54)4
ChlGrWestn.... 8 8)4 8 8)4
ChiGrWnpr... 24)4 24)4 24 24
Chi Mil & stP... 40)4 40)4 38)4 39)4
ChiM&StPpr.. 74 74 71 71
Chi & Northwn.. 96)4 16)4 96)4 96)4
Chi RI & Pac... 25)4 25)4 25 25)4
CRI&Pac 6%pr.. 64)4 6434 6234 62)4
CHRI&Pac7*pr 79 79 78)4 78)4
Chi StP M & O.. 77 77 77 77
Chile Copper.... 18)4 1834 17)4 17)4
oo 99 915/: 9T3/T
Chino Copper.... oo ?w ?" ?
Col Fuel & Iron.. 38)4 38)4 38)4 38)4
Columbia Gas.... 3834 38)4 38)4 38)4
Con Gas of NT.. 95 95)4 94 95)4
Continental Can. 67)4 67)4 67)4 67)4
Cont Insurance.. 59 59 59 59
Corn Products... 4654 48 46 47)4
Crucible Steel... 56)4 56)4 56 56
Cuban Cane Sug. 30)4 3034 29)4 29)4
Cuban Cane S pr 79)4 79)4 79)4 79)4
Del & Hudson... 105)4 105)4 105 105
Del Lack & Wn. 180 180 180 180
Den & Rio Gr pr. 6)4 6)4 5 6
Distillers" Secur. 50)4 50)4 49 49)4
Dome Mining.... 1234 1234 12 12
Erie Railroad... 17 17)4 16)4 16)4
Erie 1st pr 27)4 28)4 27)4 2734
FedM&Smpr.. 38 38 38 38
Gaston W & W.. 29)4 2934 29 29)4
Gen Cigars 4534 4534 45)4 4534
General Electric. 145 145)4 142)4 145)4
General Motors.. 128)4 129)4 128 129)4
Gen Motors pr... 81)4 81)4 81 81
_ .. ? roi * re coi / re
Goodrich (is r ).. aoyt uu ou
Granby Con M... 79% 79% 79 79
Great Nor pr.... 94% 94% 94 ?4%
Great Nor Ore... 31% 31% 31% 31%
GreeneCananea. 45% 45% 44% 44%
Gull States Stl.. 60% 61 60% 61
Illinois Central.. 97 97 97 97
Inspiration 42% 44% 41% 44%
inter borough.... 5 5 4% 5
tnterborough pr. 19 20% 18% 20%
Int Agr Corp'n.. 12% 12% 12% 12%
Int Agr Cor pr... 49% 49% 49% 49%
Int Harv (new).. 109% 109% 109% 109%
Int Mer Marine.. 26% 26% 25% 25%
Int Mer Ma pr... 112% 112% 110% 111%
Int Nickel 32% 32% 31% 31%
mtPaner 30% 30-% 29% 23%
Int Pa pr (sta).. 62)4 62)4 62)4 62)4
Jewel Tea 30 31 29)4 29)4
Kan CUj So 18)4 18)4 18)4 18)4
Kan City So pr.. 53)4 53)4 53)4 53)4
J|fg?=a= . 5BB
I Grain, Produce
1 and Live Stock.
GRAIN AND PROVISIONS.
CHICAGO. December 26.?Seasonable
weather conditions likely to enlarge
the crop movement and to promote the
welfare of winter wheat brought about
a moderate downturn today in the price
of corn. The market showed no well
defined general effect from the government
notice that all quantity restrictions
as to trading in coarse grain
would be removed January 1. Deferred
deliveries were relatively a little
firm as compared with those nearer
at hand. Opening prices, which ranged
from the same as Tuesday's finish to
%c lower, with January, 1.33% to
1.39% and May 1.35% to 1.35%, w?re
followed by setbacks all around.
Oats weakened with corn. After
opening %c off to %a%c advance, the
market underwent a material sag.
Provisions were dull and heavy. The
outlook was that arrivals of hogs
would continue to equal, if not exceed,
the slaughtering capacity of packing
houses here and at other centers.
NEW YORK, December 26.?Lard
easier; middle west, 24.35a24.45. Other
articles unchanged.
Special Dispatch to The Star.
BALTIMORE, Md., December 26 ?
Wheat?Spot No. 2 red winter, garlicky.
2.33% and 2.34%; spot No. 2 red
winter! 2.35%; receipts, 150,841 bushels:
exports, 122.812 bushels.
Corn?Receipts, 5,624 bushels.
Oats?Easier; standard white, 79
asked; No. 3 white, 78% asked; receipts.
123.439 bushels; exports, 200,381
bushels.
Rye?Quiet; No. 2 western export
not quotable; receipts, 20,846 bushels.
Hay?Quiet; No. 1 clover mixed unchanged.
CHICAGO LITE STOCK MARKET.
CHICAGO. December 26.?Hogs?Receipts,
28,000 head; early trade steady
to 10c higher; advance now lost. Bulk
I
)CK EXCHANGE
Direct to The Star Office.
Open. High. Low. Close.
Kelly Tire Co.... 67% 68 67% 68
Kelly Tire pr.... 90% 90% 93% 90.%
Kennecott 33% 33% 32% 32%
Lackawanna Stl. 67% 67% 67% 67%
Laclede Gas 84 84 84 84
Lake Erie & Wn. 8% 8% 8% 8%
Lake E & W Dr.. 18 18 18 18
Lee Rubber Co.. 2154 215* 2154 2154
Lehigh Valley... 5454 54)4 53)4 5354
Liggitt & Myrs.. 205 205 205 205
Lorrillard P 150 150 150 150
Loo?e-9VIlesCo. 44)4 44)4 44)4 44)4
Louisville & N... 118)4 H8J4 11S)4 118)4
Manhattan Elev. 8054 8054 80)4 80)4
Maxwell Motor.. 27)4 2754 27)4 2754
Maxwell 1st pr.. 5054 51)4 50)4 51)4
Maxwell 2d 19)4 20)4 19)4 2054
May Dept Stor. 60 60 GO 60
Mexican Petr'm. 166 168,4 166 167)4
Miami Copper... 2254 2254 2254 224
Midvale Steel.... 43 4354 42)4 4254
Mo Kan & Tex.. 54 54 5 5
Missouri Pac.... 244 244 24 244
Missouri Pac pr. 524 524 514 514
Montana Power. 72 72 72 72
Nat Conduit & C 15)4 15)4 15 15
Nat Enam & Stp 45 455* 45 455*
National Lead... 64 64 63 63
Nevada Copper.. 17 174 164 17
New Or T & M.. 304 304 304 304
NY Air Brake... 100 100 93 ?9
N Y Central 7454 75 74 7454
NY NH & Hart.. 31 314 3054 314
_ w v-v 9*7Z 9*7 ' 9nT? 9n7A
ftew zoruiAivii. ?..-a ?..-a ?- <?
NYOnt&Wn.. 29% 20 A 20 A 20%
North America.. 49% 40A 40A 49%
Norfolk Southn.. ISA 18)^3 18 18
Norfolk &.West. 105 105 103 105>3
Northern Pac.... 93% 93A 63 93
Nova Scotia Stl.i 55 55 54 54
Ohio Cities Gas.. 42% 42% 42% 42%;
Ontario Mining.. 7% 7A 7% 7%
Owens Bottle.... 46% 47 40% 47
Pacific Mai SS... 38 38 33 38
Pan-Am Fetrm.? 65% 65J-8 64% 64%
Pennsylvania.... 44% 44% 44% 44%
Peoples' uas.... 49>6 40% 40% 40%
Peoria & East'n. 5% 5% 5% 5% |
Pere Marquette.. 14 14 14 14
Pierce-Arrow... 41% 42% 41 42% j
Pierce Arrow pr. 10131 }01% 101% 10131 I
Piere Oil Corp'n. 15% 15% 15% 15% j
Pittsburgh Coal. 46 46 46 46
Pitts & \V Va.... 345-s 25% 34% 35% 1
Pressed Stl Car.. 62% 63 62]3 63 j
Pullman Co 115 115% li4% 115% i
Ry Steel Springs 73% 74% 72 74%
Ray Copper 20 20 19% 19]1 I
Reading Railway 70% 79% 7s% 7&% I
Rep Iron & Stl... 73% 74 7313 73
Rep Ir & Stl pr.. 98% 98% 93% 98%
Royal Dutch 101% 101% 101 101
StlL & San Fran 13 13 13 13
Saxon Motor.... 8% 8% 8% 8%
Seaboard pr 19% 19% 19% lo%
Sears-Roebuck.. 161 169% 161 161%
? -=- u nix ir lru
bnattUCii-AI U.. ., x-x a.
Sinclair Oil & R. 32% 32% 32} a 323-j j
Sloss-Sheffield... 50 50 43 43
Southern Pac 68% 99 'Js 98}^ 1
Southern Rwy... 29>i 2J% 28J-2 28?-6
Sout.'iern Ky pr. 68 08 68 Co
Studebaker.... 48'' i 80% 4882 50;4
Stutz Motor 43 49 43 4J
TennCop&Ch.. 13^j 13% 13% 13%.
Texas Cos 186,12 iS6% 18 9 ISO %
| Texas & Pacific.. 24% 24j% 24 24% |
i Third Avenue... 12% 12>2 1282 12% .
[Tobacco Prod.... 81 81 S'JJi 80>2
I Tobacco Prod pr 100J2 100% 100% 10032 j
Transue & Wil.. 39 39 33 33 j
Twin City RT... 47 47% 47 47%
Union Pacific.... 126>? 126?i 123% 126
Union Pacific pr. 70% 71 70% 71
Utd Alloy SU 3SJi 38% 38 38
United Fruit.... 154 155 154 156
Utd Cigar Stor.. 107% 108 1C6 106%
United Drug.... 88 88 88 88
UtdRy lnves.... 8 8 7% 7%
Utd Ry Inves pr. 15% 15% 15)4 15)4
USCastlrPpr. 44)4 44)g 44)g 44)4
US Alcohol 101 101|>4 100)4 10154
U S Rubber 76 76)4 75)g 76)4
USSm&Ref... 45 45% 44 44
U S Steel 94)4 94)4 62% 63%
US Steel pr 113 113 112% 112%
Utah Copper.... 72 73 71)4 72)4
Utah Securities. 13 13 12% 12% |
Wabash 8)4 8)4 8 t 8
Wabash pr A.... 33 33 31% , 31)4 1
Wabash pr B 20>4 20% 20 20% !
Wells Fargo 68)4 68)4 05% 65%
Western Md 12% 12% 12% 12%
Western Pacific. 20 20% 20 20)4
Western Union.. 85)4 85)4 85 So
Westinghouse... 42)4 42>| 42% 42%
Wheeling & L> E. 9 9 8)4 8)4
Wheel &LEpr. 17)4 17% 17% 17%
. Wilson & Co 70)4 71% 70% 71%
Willys-Overid... 24)4 , 25 24% 24%
Wisconsin Cent. 30 30 30 30
Worthington P.. 53 53 53 53
Wor Pump pr B. 67 67 67 67
High Low
Call Money 6 6 j
HOURLY SALES OF STOCKS.
XI am.... 193,800 12 m 281,300
lp.m.... 360,800 2 p.m 422,600
I
of sales, 17.36al7.75; butchers, 17.50a '
17.80; light, 16.75al7.60; packing, 16.65 i
al7.55; throwouts, 15.50al6.75; pigs, j
good to choice, 13.50al5.00.
Cattle?Receipts, 6,000 head: beef |
steers, 25 to 50c higher. Butcher cat- ;
;tle and feeders mostly 25c higher. I
' Calves steady. Beef cattle, good, choice !
and prime, 15.75al9.75; common and !
prime, 9.50al5.75. Butcher stock, cows J
and heifers, 7.75al4.50. Canners and j
cutters, 6.75a7.75. Stockers and feed- :
ers, good, choice and fancy, 10.50a i
13.75; inferior, common and medium, j
7.50al0.50; veal calves, good and choice, j
13.75al4.50.
Sheep?Receipts, 4.000 head; market |
' unevenly, 25c to 50c higher; lambs,
choice and prime, 15.10al5.25: medium j
and good, 13.75al5.10; culls, 10.00a !
12.50; ewes, choice and prime. 9.50a j
10.00; medium and good, S.50a9.50;
culls, 4.00a7.00.
DAIRY A>D PRODUCE.
CHICAGO, December 26.?Butter?j
Lower; creamery, 55a66.
Eggs?Higher; receipts, 1,126 cases;
firsts, 62a62*?; ordinary firsts, 59a60;
at mark, cases included, 60a62.
Poultry?Alive unsettled: fowls. 22a
| 28; springs, 27; turkeys, 32.
NEW YORK, December 26.?ButterFirmer;
receipts. 6,211 tubs; creamery,
higher than extras, 69a69H; extra (92
score), 68a68!i: firsts, 6314a6714: packing
stock, current make. No. 2, 41 a..
Eggs?Firmer; receipts, 6.614 cases;
fresh gathered extras, 66a67; fresh
gathered regular packed extra firsts.
64a65: do. firsts, 62a63; state. Pennsylvania
and nearby western hennery
white, fine to fancy, 82a85; state. Pennsylvania
and nearby hennery white,
ordinary to prime, 70aS0; do. brown. 70a
72; gathered brown and mixed colors,
62a67.
MBS. THOMAS PABBAN DIES.
Mrs. Thomas Parran, wife of former
Representative Parran of the fifth
Maryland congressional district, died
yesterday at her home, near StLeonards,
Md? of pneumonia following
influenza.
The funeral will be held from her late
home tomorrow morning at 11 o'clock, j
Services will be conducted by Rev.
Joseph E. Williams of Calvert oounty.1
COSI OF FLtlilING THE
IIBER7Y IMS HEAVY
BYLi FLEMING.
The aggregate cost of floating the
four liberty loans, with full returns
on the fourth loan cost not in, is
placed at about $30,000,000. This also
includes the cost 01 tne war sdviugo
campa'arn.
The first loan of $2,000,000,000 cost
$2,700,000; the fourth loan, the largest
ever contemplated in America, has
cost over $0,000,000, with chances for
an increase.
The second loan cost approximately
$3,539,062; the third. $8,777,658, while
the war savings stamps campaign expenditures
are given as $4,459,990.
That these flotations have been
costly ventures is not surprising
when the manner in. whijrh the nation
was circularized with impressive
and expensive folders; when the liberal
use of stickers, posters, etc., are
considered. Much of the advertising
was also contributed by public-spirited
firms and corporations.
The cost includes the engraving and
sale of interim Treasury certificates,
a large number of which were issued
in anticipation of taxes and liberty
bonds as well, although certificates
issued in anticipation of taxes should
not be charged to liberty bond account.
Engraving, salaries and paper used
for posters must have furnished a very
large part of the expense. "Publicity"
is one especially large item.
But $30,000,000 did not begin to cover
all the cost of floating the loans. Installment
buyers paid 4*4 per cent, 4
per cent and 316 per cent interest on all
the 'bonds they purchased; banks were
frequently forced to engage extra space
and engage extra help to push the sale
of the bonds. More than this all local
advertising, and there were scores of
pages of it in the larger towns and
cities, had to be paid for and the aggregate
cost would easily run into the millions.
^Copper Selling- at 23.
Copper is offered on the market at 23
cents as compared with 26, the contract
price paid by the government. The Anaconda
Copper Company has slashed its
dividend. r>avable February 24, from the
usual $2 a share to $1.50.
Personal Mention.
George O. Walson, president of the
Liberty Savings Bank, is making a
short trip through New York and the
New England states, investigating
bank buildings.
Joshua Evans, jr., cashier of the
Riggs National Bank, is an influenza
sufferer. Harry V. Haynes also is ill.
Orders Canceled.
The unfilled portion of the order
which the I*anston Monotype Company
had on its books, from the government,
for 100,000 automatic pistols
has been canceled.
Exit Capital Issues Committee.
December 31 will mark the elosf of
the activities of the capital issues
committee, an organization which,
for some months, has been in close
touch with promotion ventures, building
industry and all matters calling
for stock issues and capital assistance.
The conserving of capital for the
needs of the government' was one of
the main objects of this committee.
In preparing for retirement the
committee goes on record in a warning
of the enormous losses sustained
through fraudulent stock issues, and
pleads with Congress for "laws to protect
the community from sharks in
the guise of investment salesmen.
Bank Dividend Declared.
The Federal National Bank will pay
its shareholders 4 per cent January
1, 192 9, books closing December 2S.
This is the regular semi-annual distribution
on the S per cent annual
dividend basis, the directors increasing
the dividend from C to 8 per cent,
r>n.vn.ble semi-annually, last July.
On the Stock Exchange.
On today's session of the local stock
exchange a fair business was transacted
without any material change
in prices.
Bonds wore firm but rather slow at
96% for Potomac Electric General
C:s and 9514 for Washington Gas 5s.
Reports from Baltimore indicate more
than a 50 per cent distribution of the
Gas f?s recently purchased by lianibleton
& Co.
Washington Gas shares steady at
55. Eanston opened at 65%, sold to 6>?
and after call at 65%. Mergenthaier
steady at .134.
A few shares of Railway common
sold at 51, and of the preferred
70%.
U. S. TO AUCTION MULES
Army Also to Sell Surplus Supply
of Horses Four Days
Next Month.
Forty-five thousand mules and
horses, part of the Army's surplus
supply, will be sold at auction at
camps throughout the country next
month.
The sales will be held January 7.
14, 21 and 28, .and stock to be disposed
of includes cavalry, artillery
and draft horses, mules and pack
animals.
CLUB STOCKS.
Quotations furnished by W. B. Hibbs & Co.
Bid Asked.
,-12:15 p.m.?,
Aetna Explosives 5% OVs
American Writing Paper com... 2 3
Atlantic Petroleum l\-> 2^a
Barnett Oil 3 5
Big Lodge 7/$
Boston and Montana 54 56
Caledonia Mining 29 34
Calumet and Jerome %
Canada Copper 2% 2%
Carbon Steel 90 100
Car Eight and Power 2 2\i
Charcoal Iron ,... 7 ^7^
Chevrolet 145 155
Cities Service 86 89
Cities Service pfd 79 81
Consolidated .Arizona 19-16 1^?
Consolidated Copper 6 6Vi
CoSdeu Co 6~4
OX/. A
Cosden pi a ?7? *
Cramps
Cresson Gold 4,^ y
Crystal Copper }% J%
Curtiss Aero 11 1*
I)avis-l)aly 4 > ^ A
Denbeigh Silver Vi J**
Elk Basin f% 8
Emma Copper...?. 3 4
Federal Oil %
Glen Kock 3% 3%
: Goldfield Consolidated -3 2o
! Green Monster 5-16 7jl
Holly Sugar 38 45
Holly Sugar pfd Ski 100
Houston Oil 71 75 f
Howe Sound 4 4%
i Hull Copper 35 45
! International Petroleum lju 1<-^
I Island Oil 5^*, ? 6*
\ Jerome Verde 7-16 ts
Jim butler 34 36
[Keystone lire - 40% 40%
I I.ake Torpedo 2 2%
Magma Copper 23 26
Maxim Munitions * 5-16 7-16
Merritt Oil 23 24
| Metropolitan Petroleum ........ 1% 2
Midwest Oil com 124 126
I Midwest Oil pfd 1% 1%
Midwest Refining 122 124
Motherlode 33_ 35
Nipissing Mines Co 8% 9%
North Amer. P. & P 2% 2%
[ Northwestern Oil 40 48
Ohio Copper % 11-16
Okla. Oil Co 1 2
Okla. Prod. & Refg. Co 9% 9%
Okmulgee Oil 2% 2%
Ray Hercules 3% 3%
: Relc Equipment 12 14
St. Joseph Lead 6% 7%
| Sapulpa com 6% 7%
; Sinclair Gulf 19% po
j Standard Motors 8 9
I Submarine Corporation 11 12*
i Success Mining 9 10
Tonopah Extension 2 21-16
! United Eastern 4% 4%
U. S. Light and Heat com 1% 1%
fT. S. Lieht and Heat pid.... 2 3
United Motors 34 34%
United Profit Sharing 5 7
U. S. Steamship 4% 5
! United Verde 34% 36
United Western Oil 1?-16 %
United Zinc .. 1
Victoria Oil 2% 2%
j Wayland Oil 3 3%
[ West End Cons 13-16 1%
1 Wright-Martin Aero 4% ?3*
FINANCIAL. I
(
DEPOSIT T1
i U 1
Banking Hours:
S:30 a.m. to 3 p.m. (daily except
Saturday).
Saturdays, 8:30 a.m. to 12 m.
(noon).
On the 1st, 2d. 15th, 16th
nnd last day of the month
(Saturdays excepted) the
banks will be open for the
convenience of our patrons
from 4 p.m. to 5:30 p.m.
s
Home
Ur
7th S
Tcmpoi
714 14th Street N.W.
1
1
I JOHN L. EDWARDS & CO.
!
MEMBERS
New York Stock Exchange
Washington Stock Exchange
OUR SUPERIOR
SERVICE
offered trader s, for
prompt executions, of
orders in Stocks and
Bonds?excel any other
in town. Your account
invited to test this assertion.
Private Wires to All
the Leading Markets
| 1426 N. Y. Ave. j
PLANS THE PROMOTION !
I 1
| OF BUILDING IN 0. S.
i
j A new division for the encourage!
ment and .amplification of building
! operations in the United States, with
| headquarters on Jackson placV, in ttfe
rooms formerly occupied by the committee
on public information, has
been created by the Department of
1 Labor, and will soon be in operation
Suggestions to organize such a division,
which it is believed will have
a great, effect on the after-the-war
j prosperity of the country, have been
pouring into the department, and following
on the lines of these suggestions
the new division has been plan- j
ned. .
The administration is behind the !
plan of mobilizing experts to carry !
out the proposed program of the di- !
vision, which will bring every effort j
to bear that will help building oper- j
ations and seek whatever legislation \
is needed to bring about financial aid j
for those interests which seek to '
build. j
Frank Morrison, secretary of the j
American Federation of Labor, in dis- ;
cussing the plan today, said: "Unless the j
p *>ple of the United States awake to I
the necessity of at once encourag- |
j ing building operations we will have !
many idle hands in our industrial i
centers before spring."
THE WEATHER.
The District of Columbia, fair and !
colder tonight, temperature about 26
degrees; tomorrow fair and cool; |
gentle westerly winds.
Maryland, fair tonight, except snow j
in the mountains; colder in east por- j
tion; tomorrow fair; gentle westerly i
winds.
Virginia, fair tonight, except snow ;
in northwest portion, colder in east j
portion: tomorrow fair; moderate west- j
erly winds.
Records for Twenty-Four Hours. ;
The following were the readings ot j
the thermometer and barometer at i
the weather bureau for the twentyfour
hours beginning at 2 p.m. jesterday:
Thermometer?Yesterday, 4 p.m.,
42; 8 p.m., 39; 12 midnight, 37; today,
4 a.m., 36; S a.m., 33; 12 noon, 36; 2 p.m.,
36. Maximum, 48. at 1 p.m. yesterday;
minimum, 33, at 8 a.m. today.
Temperature same date last year?
Maximum, 32; minimum, 22.
Barometer?Yesterday, 4 p.m., 29.80;
8 p.m., 29.S5; 12 midnight, 29.89. Today,
4 a.m., 29.90; 8 a.m., 29.96; 12 noon,
30.00; 2 p.m., 30.01.
Tide Tables.
i
(Compiled by United States coast !
' nnH fonrfptic otimrpv J 1
'i Today?I.o w tide, S:54 a.m. and 9:51
j p.m.: high tide. 2:19 a.m. and 2:49 p.m.
i Tomorrow?Low tide, 9:45 a.m. and ,
! 10:33 p.m.; high tide, 3:11 a.m. and :
! 3:40 p.m.
The Sun and Moon.
.
Today?Sun rose, 7:25 a.m.; sun
i sets, 4:51 p.m.
Tomorrow?Sun rises, 7:26 a.m.; sun i
>, sets, 4:52 p.m.
Moon rises, 1:10 p.m.; sets, 12:18 ;
p.m.
Automobile lamps to bo lighted >
one-half hour after sunset.
Condition of the Water.
Temperature and condition or j
> water at 8 a.m.: Great Falls?Tem- !
' perature, 42; condition, 12.00. Dale- i
carlia reservoir?Temperature, 42;
condition at north connection, 400; :
> condition at south connection. 100;!
i Georgetown distributing reservoir? j
Temperature, 42; condition at influ- i
ent gatehouse, 60; condition at effiu- !
ent gatehouse, 60.
! LONDON MONEY.
LONDON, December 26.?Money,' 3 i
per cent. Discount rates?-Short bills
and three-month bills. 3 17-32 per cent.
Exchanges to Close Till Dec. 30.
LONDON, December 26.?The stock
exchange here and the cotton exchange
in Liverpool will be closed until
Monday, December 3u.
FINANCIAL. | FINANCIAL.
HAT "GIFT OF MONEY"
?Here on your savings bank account
where it will grow and draw interest
" for vnu.
If you haven't a Savings Account,
* )
now is the most appropriate time for
you to open one with your Christmas
Gift Money.
One Single Dollar Will
Start Your Account
? ' We ^J) Compound } Interest
^ 1/
^ Pay Q j) on Savings Accounts
Savings Banks
ider U. S. Treasury Supervision.
treet and Mass. Ave. N.W.
-ary Entrance on Massachusetts Avenue
43^ /th Street S.W. 8th and H Streets N.E.
CAPS7A8.& \ Tt/XOM<?(fiRPLu#
O/* pound
$$,000,000, interest
LARGEST m PRIDONSAV.
10X the "threshold of 1919" lay aside that single
dollar with which to open your long-contemplated
Savings Bank Account. Let* this
oft-deferred action now become a reality. It is
II hardly needful to point out to a practical person
!thc benefits of saving, but it is needful to urge that
you promptly begin. Today is your best time to
make the start. Take the step and you'll have reason
to congratulate yourself for the next twelve
months.
American Security & Trust Co.
Pennsylvania Avenue at 15th Street N.W#
CHARLES J, BELL,
President.
Open Tour AcooutU During letneK Hour?>
Only a Few Steps from the Government Departments.
EjEj =?
II JT/ . A/IAKE Your Xmas g
ig | JO IV1 Checks and cash ||||
e= S Compound Interest giftfe the basis of a sav- =|
Paid on Savings ings account and you will ^
H OFFICERS derive lasting benefit g
=H abbert f. fox President from them. Si
CHARLES B. BAII.EX, Vice Pres. 3^
= CEARENCE CORSON'.. . .Cashier OUR SAVINGS DEPT. H
== ARTHUR X. MITCHELL, . - S
!=! Asst. Cashier pays or/c?gives depos- =
P , DIRE^TORS itors National Bank pro- ?|
Charles R. J'aih y, Benjamin . Guy, EE~
Joshua W. Carr, David J. Kaufman. ~ 1T^^-?]1? ?. />? W.
Clarence Duvall.Benjr.rnin F. Lcighton, tCCllOll. v^TlC i-ZOUST OT
John Joy Edson. James A. Mess or, .11 =
== e. whiting Estoa. timo.iore w. .\o<ies, more will open a savings ==
C. Fenton Fadoiey, Charles W. Ray, - .
== Albert 1'. Fox. B. Francis Saul. a^mint liere
(ieo. W. F. Swartzell. aCCOUm ?crc.
E=E Cur officers invite conference with those considering the formation =E
:= of new banking connections January 1. ==
| Columbia National Bank j
= Capital Q11 17 C|. 1 Surplus
m $250,000.00 "11 r otreei $250,000.00 ?
MONEY TO LOAN
On P- C. Real Estate.^ Lowest Rate*
JESSE L. HE1SKELL, The Safest Investments
1403 H IT. N.W.
are those that do not fluctuate dnr.
ing disturbed conditions of the
mi ii i _?i money or stock market. First deed
If- of trust notes (first mortgages).
^ man aw A a DS I Wf>1' secured on real estate in the
H" HH fa I S 3 MA. KI 1" I District of Columbia, constitute
Basket 1 8 f&Dlala "gilt-edge" investments and do not
_ depend upon the financial responsiCO-OPERATIVE
BUILDING
for their stability. We can* supply
AQQAPIATIAN *urh investments in amounts from
HjOUvIA i lUli $500 upward. Send for booklet. ,
"Concerning Loans and In restAssets,
$3,581,361 me,,ti
Save Systematically Swartzell, Rheem &
Through the Equitable Hensey Co.,
if you want to accomplish an,- 727 Fifteenth Street N W
thins in a financial way. you mint rilicenui direct r*.V?.
make up your mind to save systematically.
Join the Equitable now. I
Subscriptions for the ?
76th Issue of Stock -.
Being: Received I ;|
Shares, $2.50 Per MflNFYTAinAN
Month mviiui i vuviui i
4 Per Cent Interest on
EQUITABLE BUILDING, REAL ESTATE j
915 F St. N.W. 8 . I
JOITN JOY EDSON, PrnMnt II btraignt JLX>ans,
FRASK P- REESIDE, Secretary || Building Loans. *
Reasonable Charges.
Immediate Replies.
Money to Loan B. F. SAUL CO,
Secured by First Deed of Trust on Real Estate. ...
Prevailing interest and commission. 934 NCW York AvCIlUC N.W. j