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Evening star. [volume] (Washington, D.C.) 1854-1972, December 21, 1921, Image 26

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1921-12-21/ed-1/seq-26/

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i PAINT
?the home now while the winter
? pis "open." Consult Ferguson
| about it. Interior and exterior
i paintinjr.
i?. k. FERGUSON
j 1114 ?th S?. K.W. Ph. N. 231-233.
I < PAINTING BY EXPKBW
YOUR $
Invested in Our
/0
First Mortgage Notes
Is Always Worth a $
$100, $250, $500, $1,000
GEO. W. LINKINS
1719 K Street
win Banlnriii Since 1S86**
Let us manage
your Rental Prop
erty. Over a Quar
ter of a Century
Experience.
B. F. SAUL CO.
1412 Eye St. N.W.
Main 2100*
*4Washington?The Most Livable
City in America"
y OUR IDEAS
AND OUR
FACILITIES
for carrying them out
will form a perfect com
bination for gratifying
success.
Consult us about
. Home and Investment
propositions that are
just in prime condition
for acceptance now.
1405-Eye StreetJOt
Main 4752
LOOSE TEETH"
.CAN BE MADE FIEfMi
bptfTHAVE
Vextk
:RACTEL
ROOFLTESSAfleHOR
BAR PErATES
PYORRHEA
?ccczmrnxT treated ?'
TEETH WITHOUT PLATES
CiBftlDQEWORK
DR. LEHMAN
307 7th St. ?Opp. Saks
OPEN EVENINGS?CUBED SUNDAYS
frlATFS rupaikkd ei cn
TLA1U WHILE WAITING
PAYMENTS ARRANGED
Baltimore
& Ohio
Service
to
Toledo
and
Detroit
Through drawing
room sleeping
cars.
Lv. Washington. .1:22 p.m.
Arv. Toledo 5:10 a.m.
Arv. Detroit 7:15 a.m.
I
%
These ears are carried
on the "Chicago Lim
ited," which is a high
f
class train in every
respect.
Passengers Have the Use of
the Observation Car
The Dining Car Service
is particularly commended
to you.
J
Telephone Main 556
And yott will receive im
mediate and personal attention.
W. V. SHIPLEY
DMiln PuHB|?r Afaat.
Ticket Ofiler, 13th 4k F Streets
and Union Station
BETTER TRADE PREDICTIONS
SEEM TO bE COMING TRUE
Buying Side of Markets, However, Still
Show Conservatism, But Confidence
Grows?Reports From Sections.
BY A. D. HELTON.
Special Dispatch to The Stor.
CHICAGO. December 21.?The pre
dictions which pointed toward better,
business conditions last summer seem
to be coming: true. liower railroad
rates, decreasing: wage scales, easier
c^dlt conditions and smaller interest
rates are on the way as part of the
readjustment process. Retail trade is
up to expectations, but in production
; and the jobbing trades tliere is the
j customary seasonal dullness.
1 The end of price and wage reduc
Daddy
What about next
Christmas? Where will
the goodies come from if
you aren't here?
Accumulated savings,
plus insurance protection,
will make secure the
Christmas Days to come.
Our Bank and the Con
tinental Assurance Com-*
panv have arranged the
INSURED SAVINGS
PLAN through which, while
you are saving SI,000 you ar^
insured for $1,000. At the av-"
erage age, the monthly deposit
is $8.20, and the plan provides
$1,000 in cash for you, if you
live to complete 120 deposits.
If you do not live, $1,000 plus
the amount to your credit in
bank goes to your loved ones.
Act this Christmas?details
gladly furnished.
CAPITAL, SURPLUS AND
UNDIVIDED PROFITS
OVER $1,400,000.00
RESOURCES OVER
*15,000,000.00
Commercial
National
Bank
14th ai G
tions has not come as yet, and buyers
are resisting present prices in a most
determined way. The buying side of
the market, even in the holiday lines,
shows conservatism. There is more
confidence, however, and dealers and
consumers alike feel that conditions
will not change for the worse be
tween the time goods are bought and
the time they are used.
Increase in the number of idle
freight cars shows the resistance of
the farmer /to prices which are high
in comparison with the sums he gets
for his crops. Employment condi
tions, which showed improvement a
? short time earlier, are off again here,
with about'seven applicants for each
two openings. ?
; Building prospects are better and
there is a fair Amount of winter con
struction, as labor is yielding to the
demand for lower costs and easier
money has helped the constructor.
Material men are sticking to high
prices, l>u* plans and preparations in
dicate great activity in the spring.
New Orleans Holiday Trade
Is Exceeding Expectations
BY I. V. SHANNON.
Special Dispatch to The Star.
NEW ORLEANS. December 21.?The
holiday trade this week is exceeding ex
pec;ations and In most lines promises to
approach closely that of last year,
which was the largest ever known here.
Retail merchants this year will close
their books with a showing which in
ordinary years would be eminently sat
i isfactory. Many are complaining, how
| ever, because the profits were not so
heavy as in 1920. Stocks have been re
duced, and no one will carry over any!
burdensome merchandise, with the pos
sible exception of the retail clothiers.
Wholesalers are marking time until
the spring trade opens. Spot business
'with them Is light, although dry goods
orders for future delivery are coming in
in good volume. In general, however.
I the retail merchants are disinclined to
\ place orders for next year until they
know definitely how they came out this
year. . v
Lumber orders for domestic consump
tion have been on a steady decline since
early In October. Production, however,
has been maintained. Saw mill men at
tribute this slump to refusal of the
north to buy pending a possible reduc
tion In freight rates."
Big Trade at Philadelphia;
Building Revival at Hand
BY FRANK D. Me LA IX.
\
Special Dispatch to The Star. *?
PHILADELPHIA, December 21. ?
There is a wide demand for office
space here and construction has been
begun on office buildings which have
been held up for t#o or thrae years
by the high cost of materials and
labor. One of the latest planned will
cost, with the real estate involved, in
the neighborhood of $4,000,000. This
revival of building will mean much to
mechanics and supply men, and is the
nfost welcome indication of returning
business prosperity.
The season of holiday trade la near
ly over and has been all that retail m r
chants could wish. On some days the
volume of business exceeded that
piled up last year, whlch^was a rec
ord-breaker. Banks and other cred
itors have been offering every pos
sible aid to some of the large man
ufacturing concerns which have been
embarrassed by accumulation of high
priced Inventories and slow collec
tions. Some have been granted ex
tensions of two years or more on
their notes.
Private investors, banks and lnstl
| tutions appear to have an abundance
Sectional Bookcases
Price* Astonishingly Low
Start a library for your children?teach them
to keep their books in place?in a Globe
Wernicke Sectional Bookcase.
Begin with a few sections and, as the books
increase, add more sections.
Dust-proof glass receding doors protect the books
in every section and the cases are beautifully fin
ished in oak or imitation mahogany to match
roundings. I
sur
SlfKSi CHAIRS. SECTIONAL FIUNO CABINETS. WOOD AND I
qiOBEBAFES. OFFICE SUPPLIES. SECTIONAL BOOKCASES I
MAIN 7604T
1218-1220 F St. N.W.
of monej which they wish to keep
| temporarily employed. The local cap
j ltalists have l>een heavy purchasers of
the late Issues of Treasury certificates
I or indebtedness. Stocks of groods in
many cases are Insured at high val
uation and some recent fires have
aroused the suspicion of the national
board of fire underwriters.
Commodity Reports
From Various Sections
i
Furs.
, *^^E CITY, Minn., December 21
(Special).?The Rest Island fox farm,
"*?r here, has started a shipment of
200 silver fox pelts to London, which
Is expected to, bring at least $50,000
1 English market. This la one
, of the largest shipments ever sent
| from this state.
Skoes.
; SAN FRANCISCO. December 21
(Special).?The volume of shoes dls
posed of throughout this section dur
! !!!* th? ,ast year has been far below
? that of 1920 and the demand has
been largely for the cheaper grades.
Coal Md Coke.
. CONNELLSVILLE. Pa., December I
-1 (Special).?Coal continues quiet
and the coke market Is soft. The
mild weather up to date has resulted
In the loss of some winter tonnage.
I Non-union mines are continuing to
' under bid those operating at the
union scale.
PITTSBURGH. Pa., December 21
(Special).?Prices of local coal are as
follows: Voughlogheny gas lump,
*2.75; run-of-mlne, 12.26; slack, *1.75:
Panhandle, lump, $2.50; run-of-mlne,
$2.25; slack, $1.50; Bessemer, lump,
$2.25; run-of-mlne. $1.90; slack, $1.85;
Monongahela, lump, $2; run-of-mlne,
$1.70, and slack, $1.50. _
OIL
NEW YORK, December 21 (Spe
cial).?There has beeik. some price
shading; in the market for fuel oil
and offerings of bunker oil have been
made as low as $1 a barrel at g"ulf
ports.
Cltrna Fruits.
JACKSONVILLE, Fla., December 21
(Special).?More grapefruit will' be
shipped from Florida this year than
last, but there probably will be some
falling off in the orange-shipments.
Rabbits.
ALLENTOWN, Pa., December 21
(Special).?It Is estimated that at
least 60,000 rabbits were killed by
hunters in Lehigh county in the opep
season .ust closed, which lasted for
six weeks. This would, amount to
about 180,000 pounds of meat.
Steel.
PHILADELPHIA. December 21 (Spe
cial).?A contract for the erection of
a bridge over the Schuylkill river at
South street has been let to the Dravo
Construction Company of Pittsburgh
for $644,000. It was estimated before
the fall in the cost of materials that
the bridge would cost nearly a mil
lion dollars.
PITTSBURGH. Pa.. December 21
(Special).?Bars, plates and shapes I
continue within a range of $1.50 to
$1.60. Sheets are strong, black at $3
and galvanized at $4. Foundry pig
Iron Is quoted at $19.50. vallev;* Bes
semer at $20 and basic as low at
Grmlm.
MINNEAPOLIS, December 21 (Spe
cial).?Farmers who have been hold
ing their grain are expected to begin
shipments shortly after the first of
the year. They are now making
preparation for hauling their crops to
elevators in the belief that hifcher
prices are in sight.
Cottoa.
BOSTON, December *21 (Special )!?
Amory Brown & Co., which was the
first house to open Its line of spring
ginghams for 1922. has sold the entire
production ofTered and has scaled
down orders in many cases.
Hay.
FORT WORTH, Tex., December 21
(Special).?Farmers are holding their
hay, although the crop this year was
exceedingly heavy. Other forage
crops, including sorghums, kafflr and
milo maize, also are being stored.
Machinery.
SHARON. Pa., December 21 (Spe
cial).?An order for twelve engines to j
be ahipped to South America has been
received by the Bessemer Gas Engine I
Company of Grove City. The plant!
will soon be operating in full. '
i
Wo?L
SAN FRANCISCO. December 21'
(Special). ? Wool prices show little
change, but the movement of wool Is
steady. Stocks of growers are still
heavy and they are watching eagerly
for a tariff increase.
Fertilisers.
IQUIQUE, Chile. December 21 (Spe
cial).?The Chilean government is In
vestigating the reports that a new ni
trate field has been discovered here,
which has a deposit of nitrate of soda
two to three feet thick extending over
an area of 2,000 square kilometers.
2Vo>-Ferrou Metals.
MEXICO CITY, December 21 (Spe
cial).?Silver mines of Mexico are In
creasing their activity, and it is esti
mated that the output of the white
A New
Business Year
will soon begin
for most firms
/ OOK over your pres
ent set of books?
do they enable you to
tell at a glance what
t every department of
your business is doing?
QQNT!!
?waste hundreds of dol
lars in bookkeeper-time
% and unnecessary audit
ing because the ruling
or arrangement of your
present set of books
WAS NOT RIGHT 1
INVEST!!
?a little more money
in a set that will be
ruled and printed to
your order?the added
cost will more than re
pay you in the form of
a bookkeeping system
that will be 100% effi
cient, and one that
exactly fits your busi
ness.
Call or Our
Representative Will
Store Open Until 6 O'clock
metil for. the year will equal that of
itao.
I ? Rubber.
, TOLEDO, Ohio, December 21 (Spe
cial).?-Negotiations have been com
p ie5 throiigh which the Andes Tire
ana Rubber Company becomes a sub
sidiary of the Consolidated mills of
, Toledo, ana a new plant will be hur
ried to completion for manufacture of
cord tires.
Jewelry.
FORT WORTH. Tex.. December 21
(Special). ? The Christmas Jewelry
trade In this section has shown some
f'.'l" ?f activity, but still Is far be
hind that of last year. Staple goods I
are In greater demand than novelties.
Small-town dealers are ordering mod
erate consignments, but diamond or
ders have been light. ?
Notes.
ST. THOMAS, Ontario, December 21
(Special).?The freight business has
been so light in this section of Canada
that railroads centering h'ere are
planning to make a drastic cut In the
number of men employedlin the ma
chine shops. ?
CHICAGO. December 21 (Special).?
Over 12,000 men In seven of the ma
chine shops of the Chicago, Milwaukee
and St Paul road have been laid oft
and roundhouse crews have been re
duced 10 per cent. Some reduction
also has been made in the clerical
forces.
, PITTSBURGH, Pa., December 21
(Special).?The living cost commit
tee of the Pittsburgh Chamber of
Commerce has started an investiga
tion of the extent to which costs of
necessities have come down. Large
employers declare that the cost of liv
ing has not fallen In proportion to the
wage cuts.
Washington Stock Exchange
_ SALSfi.
?" *500 at 104 M, *1,000 at
?1-000 ?' *1.000
5i niS"4- fA-.f w.ooirat loty,.
(?apical Traction fis?*500 at 'M'A.
at WVi.'-HoS aR.*?T *?*1000 " ?? *?>
Wa?iiingion Gaa?10 at 50.
20^? V?20 Til?*"10 " " 72?.
AFTER CALL.
10 at"710% Mon0,>'<*?10 at 71%. 10 at 71%,
?tPlwS*C Blec,ric *' m- *nd ?*'? 7a?*1.000
5 ? 7*1%? Mono,yi>e?? " 71*. 20 at 7114.
Money?Call loam, 3Ka6 per cent.
BONDS.
Bid and Asked Price*.
PUBLIC UTILITY.
American Tel. and Telji. 4a.... B87 A*87tL
American Tel. nail Tel**. 4Wa... I?i4 #6
??ni" J!*!' *U(' Tel' c"- tr. 5a.. 01%,
Am. Tej. and Tel. coot. 6a 108 108&
Anacostia and Potomac 5s 7# go
Anacostia and Potomac guar. 5a. 76 80
C. and P. Telephone 5s 92
?' *ed. Te,ePboi?e of Va. 5s.. 88 eo"
Capital Traction R. B. 5a 94% i?i/
tuj and Suburban 5a 79 mi
Georgetown Gaa 1st 5a 81%
Metropolitan It. R. 5a 94%
Potomac Electric Light 5a 91
Potomac Electric cona. 5a 89
Potomac Electric Power 6a.. 97
Potomac Elec. Power g. m. 6a. 98%
Pot. Blec Pow. g. m. I ret. 7a. lot it
Waah., A lax. and lit. Ver. 5a.. 22
Waah., Balto. and An. 5a 77&/ 7X1
Jaahinfton Gaa 5. do ^2
tVaahlngcon Gaa 7Vi? 104*4 Nis
Waahln^n Rwjr. and Elec. 4a.. 64% 65v!
Waah. ttwy. and Elec. g. m. ?a. us
n. ? , miscellaneous.
P.lg?K Beaity 5a (loaf) go
ttigg* Kealtj 5a (abort) 87
Washington Market 5?. 1W7... no
Washington Market 5a. 1947... 87
Wa M. Cold Storage 5a 83
stocks.
PUBLIC UTILITIES.
American Tel. and Telga *114U
Capital Traction *9*v
Waahingion Gaa 491*
Norfolk and Waah. Steamboat.'! 186*
^ a ah. Bwy. and Elec. coin.... 35
Wash. Hwj. and Elec. pfd.... 63%
NATIONAL BANKS.
American *....
Capital '/{ok
Columbia
104%
96
50
40
65
180
Commercial
District
Farmera and Mechanics' 220
Federal - -
128 150
174 180
105
271
liberty ] 107
Lincoln *165
National Metropolitan ' 210
Ri?*a ; ; S2
Second
Waahington J^O
TBDST COMPANY
American Security and Truat.. 220
Continental Truat jqq
National Savings and Truat..."! 276
Union Truat .....*117%
Washington Loan and Truat..!! 265 &
SAVINGS BANK
Commerce and Savings ?im
East Washington "* ?141/
Merchants .* wj*1
Security Savinga and Com. 207 ?>%,
Seventh Street Si
Union Savings **114
U. S. Savings * o?J
Waahington Mechanics' " 25
FIBB INSURANCE.
American ?sn
Arlington !!! j
Corcoran ti*
Firemen's " jo
National Union !! 7^
TITLE insurance
Columbia Title ?41/
Beal Estate .gj
miscellaneous.
Columbia Graphophone com 3
D. C. Paper Mfg. Co 75 3*
Merchanta' Transfer and Storage .. iiV
Mergenthaler Linotype *12711 1001.
Old Dutch Market com & 122^
Old Dutch Market pfd........ 8 S
Lanston Monotvpe 71 m/
Security Storage ' 210
Washington Market 26
* Ex-dividend. 0
COTTON MARKETS.
NEW YORK, December 21.?The
cotton market was very quiet during
today's early trading, and most of
the small business reported consisted
of switching from January to later
months, or further 'evening up of
commitments for over the holidays.
Liverpool was Just about as due, and
the local market opened steady at a
decline of one to six points under
scattered realizing and a little
southern selling, with January
fluctuating between 18.18 and 18.20
right after the call.
Futures opened steady: January
18.20; March, 18.08; May, 17.67; July
17.20; October, 16.62. *
The demand from December shorts
tapered oft during the early afternoon
and after selling at 18.87 the price
eased off a few points from the best
General business remained quiet, but
offerings were relatively light, with
January and later deliveries ruling
about six to eighteen points net high
er or around 18.22 for March.
LIVERPOOL, December 21.?Cotton,
spot, quiet. Prioes steady. Good
middling. 11.70; fully middling, 11.10;
middling, 10.95; low middling, 9.75;
good ordinary, 8.20; ordinary, 7.45.
Sales, 5,000 bales, including 3,600
American. Receipts, 300 bales, all
American.
Futures closed quiet: December,
10.89; January, 10.86; March. 10.80;
May, 10.71; July, 10.55; September,
10.26; Ootober, 10.10.
NEW ORLEANS. December 21.
Realising by,longs caused a drop of
8 to 12 points In the price of cotton
today around the opening, but reports
that any January notices issued here
Friday, flrst notice day for that month,
would promptly be stopped by large
spot interests, caused new buying. At
the end of the first half hour of the
session prices were 1 to 5 points
higher than the close of yesterday.
January flrst fell off to 17.24 and then
rose to 17.39.
Futures opened steady. 'January.'
17.35; March. 17.38; May, 17.14; July,
16.77; October, 16.01.
LINCOLN MOTOR ASSETS.
DETROIT. December 21.?Appraisal
of Lincoln Motor shows totdl assets
of $9,410,411, the company's estimate
being ?16,061,492. Liabilities are
given as 19,073,105, which does not
Include federal claim for Income and
excess profits of $4,600,000. The com
pany's class A stock outstanding to
the. amount of <7,323.600 and liability'
for uncompleted contracts, estimated
at $1,600,000, brings the total to $22,
804.411. The liabilities Include ac
counts payable. $1,276,470; notes pay
able, $4,930,476; first mortgage bonds,
$1,862,000, and accrued pay rolls, un
claimed wages and other Items, $9,
073.155.
BOND AND CURB MARKETS.
| v Bonds.
(Fumlibed bj Itedmond * Co.)
C. 8. UUKItTY UONUS.
2:55 p.m.
U. 8. Liberty 8^? 83.80
U. 8. Liberty 1st 4s 96.00
U. 8. Liberty 2d 4a 98.40
U. 8. Liberty 1st 96.36
U. 8. Liberty 2d 4%? 95.72
U. 8. Liberty 8d 4)4* 97.12
U. 8. Liberty 4th 4*4? 96.18
U. 8. Victory 4*s 100.02
U. 8. Victory 8%? 100.02
OTHER BONDS. Noon.
Trench government 8s. 1945 88%
French Government 7^s? 1941
Government of Switzerland 8a 112Va
Kingdom of Belgium 7Vfea 104 )*
United Kingdom 5ft? 1922
United Kingdom 5%a, 1929 90Vi
United Kingdom 5 Va?, 1937 OoVfe
American Tel. and Tel. con*. 6? 10b
Armour & Co. 4Via &6
Atchison, Topeka and Santi Fe gen. 4s.. 85V*
Allan tic Coast Line 7a 10o%
Atlantic Refining Co. Ofts 1931 104^
Atlaa Powder Co. 7%s, 1936 103V*
Baltimore and Ohio conv. 4V4? 74V4
Baltimore and Ohio 95
Baltimore and Ohio 8. W. Div. 3%s..... 86%
Bethlehem Steel refd. 5s 90^i
Burlington (N. P.-G. N. Jt.) 6%s 106V,
Canadian NU.?Can. Nor. 6V4?. 1946 lOSVfc
CaitHdian Nor. 7a 1940 110
Central Leather 93%
Central Pn?-ittc 4s. 1949 Jg}?
Cliesaupeakc and Ohio conv. 4%?
Chesapeake and Ohio gen. 4%? ??J*
Chesapeake and Ohio conv. 5a 84%
Chi.. Mil. and St. Paul refd. 4%s 57V4
Chi.. Mil. and 8t. Paul conv. 4ft* *1%
Chicago Northweatern 7s 1930 106Va
Chi., Rock Island and Pacific refdg. 4a. JJ%
Chicago Union 8tation 6Vfc? llfVa
Consolidated Gas 104
Cuba Cane Sugar 5?
Delaware and Hudson 7s. 1930 107 Vi
Du Pont 7%?. 1931 IM*
Erie. General Lien 4s ,48.,
General Electric 6? 103%
Goodyear Tire and Rubber Co. 8s, 1941.. 110%
Grand Trunk 7s, Ret 10?^
Grtat Northern 7a. 1936 107V4
Illinois Central 5%s 97)^
International Mercantile Marine 6a
Inter. Rapid Transit 1st and ref. 5s 58%
Louisville and Naalirille 7s. 1930 106
Missouri, Kansas and Texas ljt 4s 74%
Missouri Pacific general 4s 61
New York Central 7s, 1930 1J!?^'
New York Central deb. 6s 99
New York Telephone 6s. 1941 102
Norfolk and Western conv. 4s 86
Norfolk and Western conv. 6s 105V*
Northern Pacific 4s 84% ,
Packard M>*?r Car Co. 8s, 1931 101
Pennsylvania 5s. 1908 94% I
Pennsylvania R. R. 6%s, 1936 105 I
Pennsylvania 7? of 1980 105%
Pennsylvania gen. mortgage 4V4? 86Vi j
Reacim^- general 4a 81%
8t. IiCMls and San Francisco 4s. series A 68% ;
St. Louis and San Francisco 6s, 1929.. 96 i
St. Los'.s aud Sati Franciaco Inc. 6s 55 j
Seaboarl Air Line 6s 45 \
Seaboard Air Line refdg. 4a 33
Seaboard Air Line 5s 15% :
Sinclair Conn. *771 Corp. 7%a. 1925 99% l
Southern Pacific lat ref. 4s 84%
Southern Parofle conv. 4s 87%
Southern Railway gen. 4s 61%'
Southern Railway 5a 89 I
Union Pacific 1st 4s 87% i
Union Pacific conv. 4s 90%
Union Pacific Os. 1928 102 !
17. S. Rubber 5s 86%
U. 8. Rubber 7%s 105%
U. S. Realty 5s. 1924 92%
United Statea Steel S. F. 5s 99% i
Vacuum Oil Corp. 7s. 1936 107 j
Virginia-Carolina Chemical 7%a, 1932.... 94%
Western Union 6%s. 1936 107%
Wilson * Co. lat 6a 95%
SHORT-TERM SECURITIES. .
, Noon 1
BM
American Tel. * Tel. 6a 1922.. 100% 100%
American Tel. * Tel. 6a 1924.. 100 100%
American Thread Co. 6s 1928.. 100 100%
American Tobacco Co. 7s 1922.. 101 101%
American Tobacco Co. 7s 1923.. 101% 102i4
Anaconda Copper 6s 1929 97% 97%
Anglo-American Oil 7%s 1925.. 302% 103%
Armour & Co. 7s 1930 101% 102%
Bethlehem Steel 7s 1922 100 100%
Rethlehem Steel 7h 1923 100% 100%
Bethlehem 8teel 7s 1935 100% 100%
Canadian Pacific 6h 1927 99% 100%
Central Argentine 6s 1927 90V4 91V?
Chicago. R. I. ft Pacific 6m 1922. 99% 100
C.. C.. C. ft St. L. 6s 1929 96 96%
Copper Export "A" 8s 1922 100% 100%
Copper Export "A" 8s 1923 101% 102
Copper Export "A" 8s 1924 102% 103
Copper Export "A" 8s 1925 103% 104 ?
Cudahv Pa. king Co 7s 1923 100% 101%
B. F. Goodrich 7a 1925 97% 98
Gulf Oil Corporation 7s 1923 103% 103%
H. J. Heinz 7* 1930 103% 104%
Hooking Valley 6? 1924 97 ?7%
Humble Oil 7s 1923 100 100%
Kennecott Copper 7s 1930 101 101%
Procter ft Gamble 7s 1922 100% 100%
Procter ft Gamble 7s 1923 101% 101%
R. J. Reynolds 6s 1922 100% 100%
Sears. Roebuck ft Co. 7s 1922.. 99% 100
Sears. Roebuck ft Co. 7s 1923.. 99 % 99 u
Southern Railway 6s 1922 99% 991/,
Southwestern Roll 7s 1925 100% 100%
Swift ft Co. 7s 1925 100 looi
Swift ft Co. 7s 1931 101% 102
Texas Co. 7s 1923 100% 101
Union Tank Car 7s 1930 103% 108%
Western Electric 7a 1925 108%. 103%
Westinghouse E. ft If. 7s 1931.. 105 105 2 I
105% |
U. 8. TREASURY CERTIFICATES.
i" Noon.- ,
Rate?Maturity. Bid. Offer.
5'.4 8 February IB. 1022 100 0-32 lOoi.
5a March 15. 1922 1U0 5-32 1001,
S1..* March 13. 1922 100 3-16 100 H-32
March 15. 1922 10011-32 100 7-in
4 April 1. 1922 100 100 1-18
.>%? June 15, 1922 100S 100*1
5%a AuguM 1. 1922 100 11-16 100 13-16
September 15. 1922.... 100V 100&
4 14b September 15. 1922 100 f-32 100V.
5%aJune 15. 1924 102 7-16 102 916
5H? September 15. 1924.... 105 10"U
4^1 June 15, 1922 100 loo2
4>*a December 15. 1922 100 100^
Grain, Produce
GRAIN AND PROVISIONS.
BALTIMORE, December 21 (Special).
?Potatoes?N'ewa, 150 lbs., 2.75a3 25
No. 2. 1 50al.75: 100 lbs., 1.50a2.00; No!
2. 75al.00; sweets and yams, bbl., 2.50
a3.75; No. 2, 1.50al.75: bushel. 1.00a
1.25; No. 2, 40a60. Beans, hamper,
3.00a5.00. Beets, bushel, 50a76. Broc
coli, bushel, 25a30. Brussells, qt, 20a
25. Cabbage, ton. 46.00a50.00. Car
rots. bushel, 1.00. Cauliflowec. bbl.,
3.50a5.00. Celery, doz., 50*80; crate,
2.25a5.00. Cucumbers, crate, 5.00a
7.00. Eggplants, crate, 2.00a4.00.
Horseradish, bushel, 3.60&4.00. Kale,
bbl., 76al.00.
Lettuce, basket, 1.00a3.00. Onions,
100 lbs., 5.00a5.75; No. 2, 2.00a3.i,u.
Oyster plants, bunch, 5a7. Parsnips,
bushel. 50a75. Peas, hamper, 4.00&5.00.
Peppers, crate, 5.00a6.00. Pumpkins,
each. 8al6 Savoy cabbage, bushel,
25a35. Spinach, bbl., 1.50. Squash,
crate. 3.50a4.00. Tomatoes, crate, 4.00
a7.00. Turnips, basket, 26a35.
Apples, packed, bbl., 5.00a8.00; No.
2, 4.00a6.00; bushel, 1.25a2.50; box>
apples, 2.00a3.75 Cranberries, bbl.,
20.00a28.00. Grapefruit, box, 3.00a
4.25. Oranges, box, 3.50aS.00. Tan
gerines, strap, 7.00a9.00.
Selling Prices at Noon.
Wheat?No. 1 red winter, spot, no
quotations; No. 2 red winter, spot,
1.20%; No. Z red winter, garlicky, spot,
1.17: December, 1.17; January, no
quotation.
Cora?Cob aorn, old. yellow, quoted
at 2.70 per barrel; contract corn, spot,
57%; track corn, yellow. No. 2, old,
domestic, 64 asked.
Sales?Bag lot of new yellow, at
wharf, at 56, 58 and 60 per bu. ..
Oats?White, No. 2, 44 per bu. asked;
No. 3, 41%a42% per bu.
Rye?Nearby, 90al,00 per bu.; No. 2
western export, spot, 94% per bu.;
No. 3, no quotations.
Hay?Receipts, 34 ton?: range from
16.00a21.00 per ton. with a fair de
mand for fair to good quality of tim
othy and mixed hay.
Straw?No. 1 rye, nominal, 15.50;
No. 1 wheat, tangled, 11.00; No. 1 oat,
nominal, ll.00all.50.
CHICAGO. December 21. ? Cold
weather helped to stimulate an ad- j
vance in the wheat market todayI
after a sag at the opening. The
July delivery in particular developed I
firmness owing to fears that lack of j
snow protection In the southwest 1
combined with low temperatures I
might bring about crop damage.
Buying, however, was only of a scat
tering kind. Initial quotations, which
varied from % off to % advance,
with May 1:14 to 1.14>4 and July
1.03%, were followed by a slight
further decline and then by a mod
erate general advanoe.
Corn and oats paralleled the
changes in wheat. After opening un
changed to % lower. May 61, the
corn market hardened a little all
around. * '
Oats started % to %a% off. May,
S8. and then-recovered.
Provision* were firmer with hogs.
uS^z... ss*
JSr" 1.0814 106% 1-06 2 10614
Ma^r...... .63 .64* .61 .64%
JX,::::: mh ???% .64% m i
S8 88* -*7%
.?% .S9? .3#%
NET EARNINGS DOUBLED.
NEW YORK, December 21.?The real
estate subsidiary of the United Cigar
Stores Company for-November reports
net earnings of $154,961, as compared
with $74,478 in the same month last
year. E?r the first eleven months of
the current, year net earnings amount
ed to 61,591,755, as against $664,139
in 1920.
18
MO
234
870
81
215
Curb.
(Furnished by W. B. Hlbba St Co.)^
STOCKS. Bid. Atkcd.
Aetna Explotlres 12 IB
Allied Oil S 4
Arkansas Natural Gas 10% 11.,
Atlantic Lobos ?
Big Ledge 28 29
Boom Oil 25 27
Boston and Montana 1 1 l-l?
Boston and Wyoming..... 78 79
Caledonia 5 7
California Crushed Fruit
Calumet and Jerome 13 18
Carbon Steel 13 15
Carib Syndicate ? 4% 4%
Car Light and Power 85 90
Cities Service (new) 22*4 22%
i Cities Service (old) 201 208
Cities Service pfd 57% 58%
Commonwealth Finance 35 50
Consolidated Copper 1% 1%
Continental Motors 8% 6%
Tresson Gold 2% 2 11-18
Davis-Daly 8% 8%
Dominion Oil 8%'
Durant Motors 25 28
Elk Basin ; 8% 8%
Engineers' Petroleum 81 82
Eureka Croesus 27 28
Fsrrell Coal 19 20
Federal Oil 1% 17-18
Fensland Oil 9% 9%
Gillette Safety Raior 169 170
Gillfland Oil 4% 4*
Glen Alden Coal 42V* 43%
Glenrock Oil 11-18 1 8-18
Guff ey-Gillespie 12% 13%
Indian Packing 70 75
Intercontinental Rubber 8% 7
International Petroleum (new).. 17 18%
Jerome Verde 28 81
Kay County Gas 1 1%
Lake Torpedo 50
Lincoln Motors 1% 2
Lone 8tar Gas 23 25
! Magma Copper 24% 25%
> Muracalbo Oil 24 24%
Mason Valley 111-18 1%
Merrit Oil 9% 9%
Midwest Oil com 2** 3
Midwest Oil pfd 3% 4
Mid went Refining 170 180
Mountain Producers 10% 10%
Nevada Opbir 47 49
New Cornelia 18% 17%
Nlplsstng Mines Co 7
North American P. and P 2% 2%
Northwestern Oil 25 30
Omar Oil (new) 71 75
Pennok Oil 5% 5%
Perfection Tire 3% 4
Producers and Refiners 8 6%
Radio com 2% 2,i
Radio pfd 2 2%
Ray Hercules 18 19
R. J. Reynolds "B" 25 38%
Ryan Consolidated 5 8
Salt Creek Producing 81 ....
Salt Creek (new) 13% 13%
I Sapulpa com 3% 4
I Siinms Petrol 11% ll?
18kelly Oil 5% 5%
; Southern Coal and Iron 1% 2
I Sweets Co. of America 3 3U
1 Swift International 20% 21
Tonopah Divide 81 63
Tonopah Extension 1 9-18 1%
United Eastern 2 5-18 2 7-18
U. 8. Light and Heat com 90 95
U. 8. Light and Heat pfd 1 1%
| United Profit Sharing 2 2 1-18
U. 8. 8hip Corporation 13 14
I U. S. Steamship 13 18
i United Retail Candy 5 5%
I Wayne Coal 1 l i-i6
1 West End Cons 77 82
Wright Aero 2 5
CHICAGO?
Armour Leather com 12% 12%
Armour Leather pfd..' 83 84
Armour pfd 92% 92%
Cudahy Packing 50% 52
Libby 6^ 5%
National Leather 2% 2%
Swift & Co 97% 98
Union Carbide 44% 44%
OIL STOCKS.
| / Noon
. , Bid. Asked.
, Anglo-American Oil Co. (new).. 18% *19
I Bome-Scrytnser Co 320 340
! Buckeye Pipe Line Co 83 85
; Cluseborough Manufacturing Co. 180 190
Continental Oil Co 130 125
Crtscent Pipe Line Co 27 29
' Cumberland Pipe Line 120 180
, Eureka Pipe Line 80 82
{ Gaiena-S'gnal Oil Co. com 40 42
? (ialtra-Signal Oil Co. pfd 103 108
Illinois Pipe Line Co 164 168
India ha Pipe Line Co 81 83
National Transit Co 28% 29%
New York Transportation Co.... 145 150
Northern Pipe Line Co 90 94
Ohio Oil Co 272 276
P%nnsjlvania-Mexican Fuel 17
Prairie Oil and Gas Co 570
. Prairie Pipe Line Co 230
i Solar Refining Co 350
! Southern Pipe Lin*? Co 79
j South Penn. Oil Co 205
i Southwest. Penn. Pipe Line Co.. 50 54
i Standard Oil Co. California 94 94u
(Standard Oil Co. Indiana 88\ 89
I Standard Oil Co. Kansas 570 580
I Standard Oil Co. Kentucky 435 445
{ Standard Oil Co. Nebraska 160 170
? Stsndard Oil Co. New York 373 376
} Standard Oil Co. Ohio 390 400
j Swan & Finch Co 35 40
Union Tank Line Co 94 98
Vacuum Oil Co 315 320
Washingtyn Oil Co 83 38
MONTEVIDEO $6,000,000 LOAN.
MONTEVIDEO. Uruguay. December
21.?The loan of $6,000,000 which it
was announced had been accepted bv
the municipality of Montevideo la
understood to have been offered by
the local French bank of Supervielle
& Co. in conjunction with a North
American banking consortium formed
by the First National Corporation.
Harris, Forbes & Co.. and the Equi
table Trust Company, all of New York.
The loan bears 8 per cent interest
and will run for thirty years, with an
annual amortization of 1200,000.
and Live Stock
j LOCAL WHOLESALE PRICES.
Eggs?Strictly fresh, per dozen, 54;
1 average receipts. 53; southern. 52.
Live poultry?Roosters, per lb., 16;
turkeys, per lb.. 48a50; chickens,
spring, per Ib? 23; keats, young, each,
50a60.
Dressed poultry ? Fresh killed
spring chickens, per lb., 25a26; hens,,
per lb., 55a60; keats, young, each.'
60a70.
Pork?Dressed, small, per lb., lOall.i
Live stock?Calves, choice, per lb.,
12; lambs, choice, per lb., 8H; live!
hogs, per lb., 8. |
,?9?een trults?Apples, per bbl., 6.00a
10.50; per bu. basket. 2.50a3.25: west
ern, per box. 3.00a4.50. California1
lemons, per box. 3.00a3.50; California
oranges, per crate, 6.5Da7.50. Grane
3.75a4.50. Florida oranges, 4.50a
5.50. Tangerines, 4.00a5.00.
Vegetables?Potatoes. No. 1, per
bbl.. 3.00a3.75; per sack, 3.50a3.60
sweet potatoes, per bbl., 3.00a3.50.
Lettuce, nearby, per crate. l.OOal.SO-'
southern, per crate. 1.00a2 50 Cel
ery. per doz., SOal.OO. Romaine let
tuce. 1.25a2.00. Cymblings. per cate.
3-00a4.50. Spinach, per bbl., l.S0?!00.
Onions, per 100-lb. sack. 5.75a6.00.
Cabbage. 2.76a3.25 per cwL Cucum
E8gPlants, per crate.
4.00a5.00. California tomatoes, per box.
4.00a4.50. Florida, 5.00a7.00. Beans'
5.00a7.00 per basket. Sprouts. 15a22ti
P.er quart. Peppers, per crate, 3.50a
4.50.
DAIRY MARKETS.
BALTIMORE, December 21 (Spe
?L've Poultry?Turkeys, pound.
50; old toms, 45; poor and crooked
breasts. 40; young chickens, 20a22
poor and white Leghorns, 16a20- old
hens, 19a22; small and white Leg-'
16al8; old roosters, 14; ducks,
2fla26; geese. 23a28; pigeons, pair. 20a
25; guinea fowl, each, 25a50. Dressed
poultry?Turkeys, pound. 4?a52; old
47*48; poorly dressed and thin.
40a42; young chickens. 22a24; old and
mixed, 20a22; old roosters, 15al6
ducks, 26a30; geese. 25aS0.
Eggs?Loss off, native and nearby
firsts, dosen, 62; "Southern. 60.
Butter?Creamery, fancy, pound. 46
a<7; prints, 47a49; nearby creamery
42a4S; ladles. 30a32; rolls, 28a30:
store packed, 26a27; dairy prints, 28a
30; process butter, 35al6. j
CHICAGO UVB STOCK MARKET.
CHICAGO, December 21 (United
States bureau of markets).?Cattle?
Receipts, 5,000 bead; slow, mostly
steady; some sales beef steers and
she stock stronger; quality plain
bulk beef steers, 6.00a7.26; good many
cattle still held-off market.
Hogs?Receipts, 20,000 head; active. 15
to 25 higher than yesterday's aver
age; mostly 25 higher; some butchers
up more; shippers buying liberally;
top, 7.15 on 160-pound average' 710
for 180 to 110 pound average; balk,
6.75a7.05; pigs, 10al5 higher; bulk de
sirable. 7.10a7.25.
Sheep?Receipts, 7.00# head;, killing
classes steady to 25 higher; feeders
steady: fat lambs to packers early.
10.00al0.50; beat not sold; fat ewes
early. 4.75; no choice lights sold: choice
come-back feeder lambs early, 10.00.
. PARIS BOURSE HEAVY.
PARIS, December SI.?Prices were
heavy on the bourse today- Three per
cent rentes. 54 francs (5 centimes.
Exchange on London, 62 francs 37
centimes. Fire per oent loan, to
francs 20 centimes. The dollar was
quoted at 12 francs 43 centimes.
Three-Year Term, $400,000
at 7 Per Cent?Gas
Notes 104 1-2.
BY I. A. FLEMING.
The Union Trust Co., In connection
with Glover & Flather. investment
bankers, this morning' consumated a
loan to the owners 6f the Interstate
Commerce Commission building on
upper Pennsylvania avenue for 1400.
000. to run three years at 7 per cent.
This loan was made to refund a
like loan the Fidelity Trust Co. of
Philadelphia, a corporation that has
advanced many millions for construc
tion purposes in the District, largely
through the Union Trust Co. and its
vice president, George E. Fleming.
Owing to a law enacted some time
ago by the state of Pennsylvania,
trust funds originating in that state
can no longer be loaned outside of
the state, the Idea being to build up
local improvements with local funds.
Whenever possible the company
has been calling in its invested funds
and nursing along hard cases.
Had this law been In force a few
years ago. it would have greatly re
tarded the development of Washing
ton.
Fortunately there are ample funds
available locally for development
at this time, and the city will not
| suffer.
Given Trust Privileges.
I The Federal Reserve Board has
granted to the Federal National Bank
right, under its laws, to do a trust
company business, to act as adminis
trator. trustees, executor, registrar of
stock and bonds, etc., the grant
bearing date of December 15.
Gas 7 1-2. 104 1-2.
Washington Gas 7H per cent notes
were In active demand today, on the
local stock exchange, $15,500 note*.
I par value, selling at 104% and 1041?,
i all but the *500 bond being sold at the
outside price.
Potomac General 7s were also
strong at 104 Capital Traction 6s
moved up to 95%, and the Railway 4s
were strong at 65 to 65%.
Gas shares were firm at 50.
Lanston opened strong at 72%, but
weakened under liquidation to 72. and.
after call, selling pressure contin
uing, to 71 %.
Bonus for Employes.
Directors of the American Security
and Trust Company, after votlntr
their regular dividend yesterday and
$68,000 extra to the shareholders,
considered their employes and vote<l
the regular Christmas festivities. 1"
per cent to all who have been in
the employ of the company for
years or over, with a shaded stale
for those whose connection has not
been that long.
Extra Dividends.
The board of directors of the Wash
ington Mechanics' Savings Bank hav
declared the regular 2 per cent Quar
terlv dividend and an extra distrtbi!
tion of 1 per cent, payable January
*1 1922
Connecticut Avenue Savings Bank.
This Is the title of the new institu
tion that will be temporarily hous<-?
In one of the new buildings on Coi.
necticut avenue near L street. It i ?
believed that some of the realty mi
engaged in development of propertj ir.
the immediate vicinity are intere.-i
in the venture.
Dividend Declared.
Director of the Merchants' B*
have declared the regular 3 per :?
quarterly dividend, payable Januar;
Personal Mention.
Joshua Ev?ns. jr.. and A. C. Flath
have returned from a short visit t
North Carolina, where they studi.
conditions. They were especially
terested in the good roads movem-i:
in that state.
MEXICAN COTTON SH0ET.
MEXICO CITY. Deceember 21.?
Mexico's cotton crop this year will not
be more than 80 000 bales, as com
pared with a normal annual crop of
125.000 bales, according to recent esti
mates. The decrease Is said to be the
result of the determination of grow
ers in the Laguna district, where the
bulk of the crop is produced, not to
cultivate their fields until market
prices are higher.
IDLE CAES INCREASE.
NEW YORK, December 21.?Freicht
cars idle on account of slack traffV
demands totaled 528,158 December S.
an increase of 72.782 within a w?ek.
according to rail reports. Of tJie
total, 368.042 were freight cars In
good repair and immediately avail
! able. That total was an increase
i within a week of 85,116 such cars.
The remaining 160.116 were idle and
in need of repairs over and above the
number normally in bad order. Sur
plus box cars totaled 129.995, which
was an increase of 16,1>1 over coal
cars on December 1, while surplus
coal cars numbered 166.063. an in
crease of 33,370 within the same
period. An increase within a week
of 2,412 was reported for stock cars,
but a reduction of 64 in the number
of surplus coke cars.
' PERSHING PRAISES LINER. v
I NEW YORK, December 21.?Gen.
"ershing. who returned from Europe
recently .on the George Washington.
1 finest of the Shipping Board's fleet
[in commission, has written a letter to
Kermit Roosevelt of the United
States Lines, which operates the
(Oforge Washington, In which he
says:
I "I am taking this, my first oppor
tunity. to express my compliments to
you and your organization on ttie
splendid services rendered on my re
| turn from France on the steamship
George Washington. The voyage was
most comfortable and enjoyable, and
II received from the officers and men
composing the crew every courtesy
and attention. Among the passengers
the expression of satisfaction was
general. I especially desire to con
gratulate the men on duty In the -
engine room for the successful effort
they made in bringing the ship in In
time for me to greet Marshal Foch on
his arrival in this country."
STANDARD TO ISSUE STOCK.
INDIANAPOLIS. December 21 ?
Permission to Issue $40,000,000 in
common stock was granted to the
Standard Oil Company of Indiana by
the Indiana securities commission.
The issue was allowed without a
hearing after Maurice Stendenhall.
administrator of the commission, had
i passed on the petition and recom
I mended its acceptance. The Issue will
jbe disposed of entirely among em
ployes of the company, if possible, It
Is said.
BERLIN BASK STATEMENT.
I BERLIN, December 21.?The state
ment of the Imperial Bank of Ger
many as of December 15 showed the,
following changes: Total coin and
bullion decreased 679,000 marks, gold
decreased 1,000 marks, treasury notes
I increased 501.052.000 marks, notes of
other banks increased 1,547,0*0 maiks.
bills discounted increased 8,200,48*,000
marks, advances decreased 62,116,000
marks, investments decreased 47,2*4.
000 marks, other securities in
1 creased 786,267,000 marks, notes in
circulation increased 1,778,217.000
Sarics. deposits increased 6.S72.SJ2.
000 marks, other liabilities Increased
5*9.992.000 marks. Total gold hold
ings 993,696.000 marks.
BAR SILVER WJJTATIONS.
NEW YORK, December 2L?-For
eign bar sliver. 66; Mexican dollars.
60%.
LONDON. Deoember 21.?
*8%d per ounce: money. 2* per c*<ht.
Discount rates?Short Wits. 3% P'
centi three-month bills, 2ft per Cv?.

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