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RANGE OF /MARKET AVERAGES. u The following '.chart".jihows graphically the action of forty repre ??Utative stocks' dealt in 'l>n the Nfcw York Stock Exchange. The period comiretf Is the past month, up to and including: the close of the market December 23. The lower section of the chart indicates the relative activity, of the market. DECEMBER, ?NOV.? 4 is ltijBioaga w, (Copyright, 1921, by W. F. Meyer.) High 1020 Industrials 109.83, January 3 Rails 85.37, November 3 . v Low 1920 Industrials 66 75, December 21 Hails ............ 67.83, February 11 Am Can Car A Fdy An I??>omotiva Am Smelting High 1021 to Date Industrials 81.60, December 15 Rails 77.56, January 15 Atahison Baltimore A Ohio Canadian Pacific Cbea A Ohio Nartmber 25, Friday 77.03 Jfereaxber 26, Saturday ?.M.t 77.85 U S Steel Utah Copper WestinKhou?e Western Union Reading Southern Pacific November 28, Monday November 29, Tuesday .. November 30, Wednesday Dacamber 1, Thursday .. December 2, Friday .... December 8, Saturday .. December ft, Monday ... December 6, Tuesday December/ 7, Wednesday ..., 70.10 December 8, Thursday 78.80 mber 9, Friday 79.53 Low 1921 to Date Industrials 63.90, August 24 Rails 6.5.52, June 20 Twenty Industrial Common Stocks Used Are: Am Sugar Central Leather Rep Iron A Steel Am Tel A Tel Corn Products Studebaker Anaconda lien Electric Texas Company Baldwin Loco Goodrich U S Rubber Twenty Railroad Common Stocks Ised Are* O M A st Paul K C Southern Northern Pacific Del & Hudson Lehigh Valley New Haven .r Erie Louis A Nash Norfolk A Western Southern Rwy Illinois Central N Y Central Pennsylvania Union Pacific Daily Movement of Averages! Industrials. Rails. December lO, Saturday December 12, Monday Dei-ember 13, Tuesday December 14, Wednesday December 15, Thursday 81,50 December 16, Friday ? 81.1." December 17, Saturday 80.57 December 19, Monday 80.31 December 20, Tuesday 80.30 December 21, Wednesday .... 79.0"J December 22, Thursday ...... 78.76 December 23, Friday 79.30 78.01 .. 77.76 77.30 .. 78.12 .. 78.85 .. 79.IH* .. 78.93 79.36 *75.23 75.60 76.06 76.66 76.38 76.22 75.78 75.50 75.01 75.24 74.60 74.22 74.34 Industrials. ... 80.16 ... 80.63 ... 80.69 81.04 Baila. 74.48 74.38 74.21 74.08 74.20 74.61 74.83 74.95 74.f?7 73.95 73.47 73.26 LIBERTY BONDS AT A GLANCE. 1920. Maturity 1921. Close High- Low. Date. High. Low. Yesterday. Liberty 3y2s ..v., 100:40 '89.30 6-15-47 96.70 86.00 94.30 Libertv 1st 4s .......... 93.48 83.00 6-15-47 97.60 85.24 96.30 Liberty 2d 4s 92.90 81.40 11-15-42 97.58 85.34 95.70 Liberty 1st 4J4s ........ 94.00 84.00 6-15-47 98.00 85.40 96.32 Liberty 2d 4?s. ........ 92.84 81.10 11-15-42 97.80 85.30 95.98 Liberty 3d 4J4s .1 95.00 85.60 9-15-28 9824 88.00 97.36 Liberty 4th 4J:Js 93.00 82.00 10-15-38 98.14 85.74 96.34 Victory 3?4s 99.40 94.60 5-20-23 100.06 95.80 100.04 Victory 4^s 99.40 94.70 5-20-23 100.08 95.86 100.04 Yield. 3.86 4.24 4.32 4.50 4.55 4.71 4.57 3.68 4.68 THE WEEKS BOND MARKET. Below is a summary of the fluctuations of active bonds on the New York Stock Exchange tor the week ended yesterday, December 24. 1921: Previous week's elose. V. 8. Liberty 3Us ... 94.90 V. S. Liberty 1st 4s 96.90 V. S. Liberty 2d 4s 96.70 1". S. Liberty 1st 4Vis 97.20 1*. S. Liberty 2d 4%s .. 96.82 U. S. Liberty 3d 4Vis .... 97.8S XJ. S. Liberty 4th 4Vis 97.26 IT. 8. Victory 4%s 100.02 TJ. S. Victory 3%s . 100.04 French Government 8s 100% Government of Switzerland 8s - 113*4 Kingdom of Belgium 7%s - 104% French Government 7%s 95% 1'. K. of G. B. and Ireland 5%s 1922. I'. K. of G. B. and Ireland 5%&&1929 99% IT. K. of G. B. and Ireland 5%s 1937 95% Amer. Tel and Tel. conv. 6s 109 Armour & Co. 4%s - 86%. A. T. and S. Fe general 4s 1995 85% Atlantic Coast Line 7s 105V* Atlantic Refining Co. 6%s 1931 104% Atlas Powder 7%s 1936 103 Baltimore and Ohio conv. 4Vis 75*4 Baltimore and Ohio 6s 95% Baltimore and Ohio S. W. Div. 3 %s 86-* Bethlehem Steel ref. 5s 901 tj Burlington (N. P.-G. N. joint) 6%s 106% Canadian Northern 7s 1940 .. 110 Central Leather 5s 93 Central Pacific 4s 1949 82*4 Chesapeake and Ohio conv. 4%s 84% Chesapeake and Ohio gen. 4%s 83% Chesapeake and Ohio conv. 5s 85 Chi., Mil. and St. Paul ref. 4%s A 57% Chi., Mil and St. Paul conv. 4 %s 61% Chicago Northwestern 7s 1930 106% Chi., R. I. and Pacific ref. 4s 76% Chicago Union Station 6%s Ill Consolidated Gas 7s 104 % Delaware and Hudson 7s 1930 107 IKrie general lien 4s 41* General Electric 6s 105 Goodyear Tire and Rubber Ss 1941 110*4 Grand Trunk 7s, ret 109% Great Northern 78 1936 108%. High. 94.90 96.60 96.64 97.1S 96.90 9S.06 97.2S 100.05 100.06 100% 113ft 105 95 % .99 13-16 100 9!>% 95% 109 87% 86 105% 104% 103% Illinois Central 5%s 97 International Mercantile Marine 6s 90 Inter. Rapid Transit 1st ref. 5s ...?? 53% Louisville and Nashville 7s 106% Mo.. Kan. and Texas 1st Cs 74Va Missouri Pac'.fic gen. 4s 61 ii'ew Vork Central 7s 1939 105% New York Central deb. 6s 99 New York Telephone 6s 103% Norfolk and Western cons. 4s 86% Norfolk and Western conv. 6s 105% Northern Pacific 4s 84% [Packard Motor Car 8s 1931 100% Pennsylvania 5s 1968 94% Pennsylvania 6%s 1936 .. .A> 105 Pennsylvania 7s 1930 106% Pennsylvania gen. mort. 4%s 86% Reading general 4s 82% St. Louis and San Francisco 4s A ..*.... 68% St. Louis and San Francisco 6s 1929.......... 96 St. Louis and San Francisco inc. 6s ,55% Seaboard Air Line ref. 4s 32 Seaboard Air Line adj. 5s 15% Sinclair Cons. Oil 7%s 19 99 Southern Pacific 1st ref. 4s ......... 85 Southern Pacific conv. 4s 87% Southern Railway gen. 4a ..*..????? 62 Southern Railway 5s 89 Unioft Pacific 1st 4s ...*? 87% Unipn Pacific conv. 4s 90% Vnion Pacific 4>s 1928 102% United States Rubber 5s 87 "United States Rubber 7%s 105 United States Steel s. f. 5s v.99% IT. S. Realty and Investment 5s 93 Va.-Car. Chemical 7%s 132 94% Wilson & Co. 1st 6s 95% 95 % 87 91 107 110% 94 82% 84 % 84 85% 5 7 62% 107 76% 112 104% 107% 4 3% 104 111 110 % 108% 98% 90 54 106%. 75 61% 105% 99% 101 86 105% 84% 101 95 105% 107 87 8 2 % 69 96 55% 33% 15% 99% 85% 87% 62 89% 87% 90% 102% 87 105% 100 93% 94% 96% Low. 93.00 96.30 94.78 95.70 94.92 96.30 95.64 100.00 100.00 99% 111%* 104 94% 99% 9S% 95 107% 86 % 84% 103% 103% 103 73% 94% 86 90% 105% 109 93% 81% 82% 82% 83% 54% 59% 105% 111% 103 % 107 42 103 109% 108% 106% 96% 88 106 73% 60% 105% 97% 101% 85% 103% 83 % 99% 93% 103% 105% 85 81 68% 95% 54% 31% 14% 97 % S3% 86% 60 % 87% 86% 89 102 86% 103% 99 92% 93 94 Close. 94.30 96.30 95.70 96.32 95.98 97.36 96.34 100.04 100.04 99% 112% 104 95 iao 99 95 107% 87% 84% 104% 103% 103% 73% 94% 86 90% 106 109% 93 % 81 % 84 % 82% 84% 54% 59% 105% 75 112 103% 107 42% 103 110% 108% 106% 96% 89% 52% 106% 74 60% 105% 97% 101% 85% 104 83% 100 93% 103% 106 85% 81% 68% 94% 54% 32 15 97% 84% 86 61 87% 86% 89 102% 86% 104 99% 93 93% 94% TEXAS LEADS IN OIL. DALLAS, Tex.. December 24.?With mora than one-half of the oil of. the United States now. bejng produced within ov&WMf?ht travel of Dallas, merchants here are reporting a stim ulus to business, particularly in the Mexia region. Texas is now leading the r>?tto?<1n oil production. At the beginning of November the Mexia field? were producing little more than :I5,00<? barrels a day, while last week the daily production was 95,000 bar rels, as compared with 54,775 for Stephens county and 4",750 for Burk lmrnett, other leading Texas fleldg. The Mexia Held is unique in that ap proximately 90 per cent of the de velopment is being carried on by Standard Oil subsidiaries and other rompanies numbered among the big ? est in the country. BIG POWER CONTRACTS. CHARLOTTE. N. C. December 24.? Southern Power Company hae let con tracts for the new hydro-electric sta tion at Mountain Island, N. C? and for the new power house at Great. Pans, S. C. It is estimated the work at Mountain-Island would cost around J3.MO.O0O. LAUNCHING S LOW RECORD. J>?EW YORK, December 24. ? A low reoord for the year in ships launched by 'Shipbuilders on the Clyde, in Eng land Is reported. Figures Issued show that only seven vessels, aggre gating 10,000 tons, were sent down [ha ways. For eleven months the lauttchings have amounted to 202 ves sels of 462.000 tons,, or 433,000 tons below the output duriifg the correspond .ng period of last year. Idle British shipping at home ports luring November is estimated at ?50 v?SMI? ?* Ujimtons. - OUTLOOK FOE WHEAT. CHICAGO, December 24.?According to the Modern Miller, "there is still great deficiency of moisture in Kansas ! and Oklahoma, although certain parts of those states received precipitation this week, in portions of that terri tory -the crop ha* freshened. Winter wheat in the southwest will go into ,the .winter looking- poor, but there is still opportunity for the crop to re cuperate, and actual condition cannot be ascertained until next spring. The acreage will be smaller. Nothing has occurred to mar the prospects in the soft winter wheat states. Generally favorable conditions prevail. There is plenty of moisture in practically all sections and the stand is good." PLAN GIANT SHOE FACTOEY. NKW YORK. December 24.?Endi cott-Johnson, the largest manufactur ers of shoes in the world, are planning >l new giant shoe factory. Ground has been broken at West Endicott, N. Y., near the present factories at Eivdfcott and Johnson City. The plans for this factory call for a -structure four stories high, 380 feet long by -SO feet wide, capable of producing from 6,000 to tf.000 pairs of shoes in a full day's operation. COAL meegee appeoved. NEW YORK, December 24.?Directors of Burns Bros, and William Farrell A Sons Coal Company have accepted re : ports from the recent stockholders' | meetings, at which the merger of the two companies was approved. Officials of the two companies are now perfect ing the consolidation. Announcement of directorate of the ne^r company, as well as tei^s regarding exchange of secuii i is expected soon. GRAIN AND PROVISIONS. CHICAGO, December 24.? the double holiday in prospect itrices continued their upward movement on the Chicago Board of Trade today. Wheat finished with net gains of % to 1; corn advanced % to %, and oat* 14 jo %. Provisions were practically unchanged except "in ribs, which reg istered net gains of 12 to 17 points. Sentiment for higher prices was marked fr.om the start in wheat. Holi days abroad and resulting absence of export demand, turned the traders to the study of domestic conditions and most of the news from this coun try was negative. The opinion was ad vanced that the coming government report would show decreased farm stocks. Reports from the dry portions of the winter wheat belt had it that only light snows had fallen there and these had been swept away, by winds, leaving the plantings unpro tected from cold waves predicted for tonight. Oklahoma's state record of 47 per cent condition strengthened this argument. The bears tried a raid late in the session, but met stiff opposition and the final rally was marked. Corn was influenced, by wheat and also by the sale of five cargoes for Russian relief. Predictions were made that this would lessen seaboard stocks and result in buying here later. Oats were % bit more active than usual and followed corn. Provisions were as dull as the holi day season demanded, but somewhat firmer with live hogs and grain. WHEAT? Open. 'Htfli. l?w. CTose. May 1.17 1.17*4 July 1.04% 1.05% 1.0*?% 1.06% CORN? May .55 ??!***$? July .57to .00*4 .*>0?? OATS? May 383* .30% .58% .JM?4 July 39% .40 .39** .30% BALTIMORE PRODUCE. BALTIMORE, December 4 (Special). ?While practically all turkeys shipped here for the Christmas mar ket cleaned up even at the high prices prevailing, the demand eased off in the evening and the market closed easy at 43 to 4S for live choice hens and gobblers and 48 to 50 for dressed; old toms. 35, and poorly dressed and thin, 30 to 35, with prospects of fur ther declines next week. The demand for chickens usually improves for the New Year market, and shipments of choice fat young fowl and small hen turkeys are advisable. The market for live young chickens rules steady at 23 and 24 cents a pound, and rough, poor and thin and white Leghorns, 18 to- 22. Old hens will also be in de mand next week, and the market is firm at 23 and 24 for large fat stock, csl and 22 for medium and 18 to 20 for small and white Leghorns. Ducks and nearby geese of desirable size find" ready sale at 22 to 28, but small and poor are slow sale even at sharp discounts. Dressed chickens, ducks and geese will bring but 1 or 2 eents a pound more than live, and if the warm weather prevailing today con tinues next week shipments of live stock will be more desirable than dressed, as well as avoiding the risk of spoilage in transit. Receipts of strictly fresh native and nearby eggs fell off this week and with the price of fresh and cold stor age eggs getting closer together an improved demand for the former is noted and the market is firmer in tone, with values ruling steady at 52 cents a dozen. Prompt shipments are advisable to bring top prices, as eggs showing they have been held have to be sold at a discount. I The white potato market is a shade firmer, with values higher under & fair movement and receipts running lighter. Maryland and Virginia Mo Cormicks will bring 1.65 to 1.85 per 100 pounds and other varieties 2.00 to 2.25. No. 2 stock of all sections are not active at 1.00 and 1.25 and No. 3s hard to move and of uncertain value. Sweets and yams are also running lighter and the market rules firmer, with demand fair on top grade stock at 3 75 to 4.50 per barrel for the for mer and 2.50 to 3.00 for the latter. Sweets and yams in bushel hampers selling better at 1.00 to? l.<50 and 50 to 75 for No. 2s. Seasonable native and nearby gar den truck in only moderate supply, and under a fair depiapd the market generally rules firm at the following quotations: Beets, 50 to 75 bushel; broc coli 35 and 40 bushel*, carrots, 1.001 bushel; Maryland and Virginia cauli-1 flower, in good depiand at 2.o0 to 4.i?0 I per barrel ; Norfolk kale. 1.00 per bar- \ rel* oyster plants, 5 and 7 bunch;! parsnips, 70 to DO bushel; savoy cab-1 bage, 35 and 50 bushel; native spin ach, 60 to 75 bushel, and Norfolk. 1.50 per barrel; turnips. 25 and 35 per 8-8 basket. Onionsj continue in good de mand at 5.00 to 5.50 per hundred pounds, arid 2.00 to 3.00 for No, 2s. Receipts of Maryland and nearby rabbits are fair, but ynder a good de mand the market is a shade firmer. Choice, freshly killed being quoted at 3.00 to 3.50 per dozen, and fair to good, 2.00 to 2.50. While there has not been much in quiry this week for dressed hogs, the demand should be more active next week and the market is firm. Mary land and Virginia lightweights are selling at 10 and 11 cents a pound; mediujn, 8 and 9, and heavy, 6 and 7. Boars and rough stock slow at 4 and 5. Country lard in better demand at 10 to 12 cents a pound. STRAWBERRIES $2.50 QUART. PHILADELPHIA, December 24.? j The first Florida strawberries arrived' i in small shipments on the Philadel- , phia market this week, and sold at $2.25 to $2.50 per quart. Business was ! not very active on many lines of | wholesale produce. The Christmas trade apparently did not come up to expectations, particularly on such acknowledged holiday commodities as apples, celery and lettuce. The apple market opened firm for good stock, but the moderate movement soon slowed up ahd conditions were dull on all stock. ENJOYING A RESTFUL (?) CHRISTMAS JOHN B. I-AJtNKIl. P1SASOKR. AROUND THE CITY THE Christmas tree of today is twin to every other tree, for the reason that the Yule tide spirit has gone into trade. Each child's tree is exactly like the next child's tree, which la exact ly like the ship-display trees trimmed by window dressers?allowing: for varia tions in cash values. This is about a tree that was different: It was at a club meeting: that turned Into a Christmas party. And it was all over silver and shiny red balls, with , candy canes growing on the limbs?and if you don't know about ca;.dy canes you Iiave missed a whole lot, poor dear! Some of the club members are long time travelers on the great road, and all of them live th;s side the garden of youth with a high wall between. And when they had motioned and rcsoluted j and voted to where they concluded to conclude, out flashed fifty billion jewelei sparks on the trt*e and in bounced a| really truly red-cotton Santa Clausj wit.i a treasure pack?and you couldn't ask for a better beginning' for a Christ maw party, could you? Unanimous I answer is, K>! So it was a treasure' pack that bold a special gift for every member, with a tree favor for Just plain I guests?which explains the candy canes, j It was a different sort of tree in that! ;t was a shrine to friendliness, and as! each member answered Santa's ioll call' with humorous pretense of an eagerness | that was real, you could tell that for1 each the tree was memory-laden with I (the goodies and sn;pped-out ornaments that mother used to make; and that |piled under it, with ecstatic uncertainty,' were wrapper-hidden bundles that might I be red-topped boots, or a drum, or a wax doll, and, anyhow. If it was rag. it | would be dressed in a ball gown liks i the painted fashion ladies *n Godey's j Book?tarlatan, flounced up to the waist ??--and a sled, for sqre. .You could read) It in their .faces as plain as if it were printed in a book. And seeing these club members bub- j being over with funny trifles, presented \ in rhyme by Santa's pretty secretary, j all of them forgetful of their civic arid I social importance in the everyday world, i you would know that when it tomes to I genuine all-gold splendor, there is noth- j ing in this world to equal an honest-to- | goodness man?unless it be an honest- j to-goodness woman! j * * * * 'pHERE is another tree?such a fool- j ish little tree that' it would have1 no r^STbt in a nice, conventional place like this, except that it is different. And it is the difference that counts. It is a greeny-green bush hung with acorns, sycamore balls and pine cones. And it grows into being each year?this is-the seventeenth?for a small, wooden mannikin that once be longed to an artist who walks the. world no more. The little figure was identified with so many years of the. artist's struggle for a recognition that never came, that it somehow gained a personal valuation in %tyer lonely life. And when she gained'en trance to that hall of fame th&t swings wide its portal for all noble endeavor, the forlorn brown atom was adopted by another lonely woman be cause of?but that isn't in the frtory. So every year L.ove puts holly around a picture and Memory dresses a bush for a wooden thing that will never, never know, unless?unless it be true that' all things that have died shall live again and rcsurrect Ata lanta into the branch of a Black Forest tree! It may be. And you might as well hope for the best. Also, there was another woman. And she didn't think it right to waste a tree on a senseless doll that had only one arm and both fee? gone. The Year 1921 to Date on the Washington Stock Exchange.; Up to and including FT-id*#,Deccmber 23,1ft3J. . Finlutd by W. B. Hlbba A CU, Hlbb?Bulldln*. Sales. BONDS.' -[ ? : 'Open. Hfgli.' Low-- Clofiet $18,000?Ana. and Pot. River R. R. 5s.i-.,.., .62 73 62 ? 115,000?C. & P. Telephone 1st 5s..... J,.... ... 90 92 -$9 ? 312,000?Capital Traction 1st 5s.....,.....'.., 86%A .95% < 86% ? 8,000?City and Suburban Ry. 1st 5s. 62' 70 '- '.62 r:i 100,000?Georgetown Gas Lt. 1st 5s... 70 81% 70... 37,000?Metropolitan R. R. 1st 5s 92 94% 91%- . 59.000?Pot. Elec. I'ower 1st 5s 88 92 87 158,000?Pqt. Elec. Power Cons. 5s 79 90 79 35,500? Pt*t. Klec. Power deb. 6s... 91 97% 91 243,BOO?Pot. Elec. Power gen. 6s 91 98% 91 243,700?Pot. Klec. Power gen. mort, 7s....... 100 104% 100 2,000?Wash. Alex, and Mt. Ver. 5s 40 40 40 1,000?Wash. Bait, and Anap. 1st 5s 79 79 79 195.200?Wash. Gas. Light gen. 5s 73 91% 73 436.000?Wash. Ry. and Elec. cons. 4s 57% 67 67% 115,500?Wash. Rry. and Eiec. gen. 6s ..... 80 95 90 200.400?Wash. Gas 7%s 100% 105 100 12,000?Riggs Realty (.long) 5s. 88 90% 88 1,000?Riggs Realty (short) 5s 94 94 14 100?D. C. 3.65s 90 90 10 Shares. STOCKS. 5,301?Capital Traction ........... 82% 94% 82% 94% 2,834?Washington Gas .. 38 50 37% 50 2?N. and W. Steamboat 180 180 180 180 2,269?Wash. Ry. and Elec. com........ 21% 40 21% 35% 3,022?Wash. Ry. and Elec. pfd 01 67% 50% 64 226?Wash. Va. Ry. com 1111 30?Wash.-Va. Ry. pfd 56 59 56 59 10?American Nat. Bank 157 157 157 157 llfl?Commercial Nat. Bank 167% 167% 125 130 42?District Nat. Bank 169 170 168 168 87?Farmers and Mechanics' Nat. Bank... 240 240 240 240 97?Federal National Bank '166% 175 166 174 9?Liberty National Bank 121 121% 121 121% 130?Nat. Bank of Wash 180 180 180 . 180 30?Nat. Metropolitan Bank 220 220 220 220 32?Riggs National Bank................ 480 > 475 460 - 470 28?Second Nat. Bank 145 150 145 148 185?Amer. Sec. and Trust 225 226 215 223% 631?Continental Trust 109 109 89% 99% 160?National Sav. & Trust 260 280 260 276, 200?Union Trust '.t..wr. 130% 123 118% 118% 100?Wash. Loan and Trust 265 270 250 270 235?East Wash. Sav. Bank.......... 12% 12% 12% 12% 10?Merchants' Bank 152 162 162 162 60?See. Sav. and Com. Bank 198 206 198 20f 32?Union Savings 112 112 112 112 6?Wash. Mechanics' 26 25 26 26 40?Corcoran Fire Insurance 96 95 95 *6 250?Firemen's Fire Insurance 89 20 18 18 6?National Union Fire Insurance 7 7 7 7 460?Columbia Title Insurance 5 5 5 S 23?Real Estate Title Insurance 77 90 77 90 66 10-20?Columbia Graphophone com 9 13% 8%. 12 1,130?C01. Grapho. pfd. 60 60 16 15 1,661?Mergenthaler Linotype 120 136 117 128% .100?Old Dutch Market pfd.... 7 7 7 7 1.986?Laaston Monotype ... 75 78% 7J, 71 5?Security Storage Co............ 812 "2X2 112 tit 142?Washington Market 18 28 17 28 when so many live children needed love and money?so: While it isn't likely any truly child would stand for a bush with acorns on it Instead of shiny balls, still: The woman accepted the criticism so far as to earn the right to her whim. Which is why the small, rlcKety, wooden thing whose name is Ata lanta, adopted a French orphan, and why she gives to every playground and nursery tag that comes along. Just that she may sit in a l'ttle white chair all the year round and have a tree-bush when Christmas comefe. Without being fussed at. * * * * ?"pHIS is about a. wonder tree that was differentest of all. as long as it lasted, and it lasted for years, though Washington's only share In it was to help out with, the expense. Once a hunter was making a cross cut through the way-down Maryland pines, when he came to a sapling loaded with the queerest ornaments he had ever seen or heard tell of. and nearby to the sapling was a. cabin, and in the cabin was an oldish col ored man, .who told him all about it. He had studied it out that it wasn't right that. tlie Savior L?ord. who gave Christmas trees to everybody around, white and colored, should have, to die. on the cross without ev?r having had a Christmas tree of His own. So he fixed Htm one. Some of the things had been begged, but most of them were picked from trash heaps, one treasure being a broken plate that had a ffllt rim to it, and his chlefest one, a thrown away sled, that he had nailed together and painted with polkberry Juice, he had been saving up since summer, and he sholy hoped the "Lord riavior liked the looks of . That htm.tcr-rnan interested his sis ter; who Was a Washington woman, and frbm that Christmas oh the tree in the piwps became a shrine for chil dren and'a feast for birds. Guarding his treasures by day and taking them in at night, to hang back in the morning, the oldish man picked out a larger tree each year, and. at last, in a glory of electric colors that brought the neighbors from far and near, the tree and Its owner went out of exist ence forever. Which Hh'ows what curious things you think tip when you live alone, whether in the pines or along the king's highway, no matter what color you be. * * * * T^OTjLiOWINCr the example of tire' song gentleman who requested his lady to drink to him with her eyes, here's quaffing a toast to. dear Dickens, who gave ue for Christmas company .Scrooge and Marley's ghost and Caleb Plummer and . his blind Bertha, and Gabriel Grub, who drank schnapps alone in a churchyard on I Christmas eve, and to Dryden, who did the appropriate thing with the wassail cups. Including, likewise, the jovial landlord who filled the flow ing bowl, and Washington Irving, dear writer of Christmas tales, and to all tiWYuletide friends who went their way leaving behind a progress that takes small time for carols and waits and poems and tales of Christ mas day. in the morning, and to you ?and you?and everybody! God bless yon. merry gentlemen; may nothing you dismay. ? . For Christ, our lord and Savior, waa. born on Christina* day. NANNIE LANCASTER. NEW YORK BOM) LIST. NEW YORK. December 24.? V. S. 2a registered *101% V. is. coupon ...M01V& TT. ii. 4s registered ? ?U. S. 4? coupon <,..*104% Panama 3s registered *80 Panama 3a coupon *80 ' American Smelting and Refining 3? ? ? CT American tel. and Tel. cv. 6a 107 Armour.& Co. 4%s gj,. fen. 4* W's ?AtyCKtfo Coast Line 1st 4s *83% 'Baltimore and Ohio ev. 4%s 74 i Bethlehem Steel ref. 5s 92 kOwvtral of Georgia Consolidated 5s...... *89 ^Orotral leather 5s .... *98% Central Pacific 1st 81 % Chesapeake and Ohio cv. 5s .'... 8* Chicago, Mil. and fit. P. cv. 4%s 01% Chicago, K. I. and Pac. lty. ref. 4a.;.. 74% Chicago fnd Northwestern gen. 5s...... 99% Chile Copper, Colorado Trust 6s 84% Colorado and Southern ref. 4%s 82 Denver and Rio Grande consol. 4s...... 72% Dominion of Canada 5s (1931) 95 Erie gen. 4s 42 General Electric 5s *93% Great Northern 1st 4%s *86 Illinois Central ref. 4s 82 I Interborough Rapid Transit 5s ?.. 52% 'International Merchant Marine 6s...... 88% Kansas City and Southern ref. 5>..v... 85 Liggett & Myers 5s *91 Louisville and Nashville un. 4s *87% Missouri, Kansas and Texas lat 4s..... 74% Missouri Pacific ren. 4s <50% Montana Power-5s .*... 93 New York Central deb. 6> 98 Norfolk and Western cv. 6s *108% Northern -Pacific 4s. 84 Northern Pacific' 8s 59% Northern Pac.-Great Northern jt. 6%s.. 105% Oregon Short Line ref 4s ;.. *87 Pacific Tel and Tel. 5s 91% Pennsylvania .Consolidated 4%s.......... *93 Pennsylvania gen. 5s 94 Reading gen. 4s ?... 81% Republic Iron and Steel 5s (1940)...... *91 St. Louis fnd San. Fran. R.R. adj. 6s.. 71% Seaboard Mr Line gdj. 5s 15 Southern Bell Tel. 5s ? ?'??? 93% Southern Pacific cj. 5s.. *95% Southern Railway. 5s...; 88% Southern Railway gen. 4* 60% Texaa and Pacific 1st..* ??**. *89 ?Union Pacific 4s.... *88% United King, of G. B. and I. 5%s (1967) 95 U. fl. Rubber 5s 88% IT. 8. Steel 5s 99% Virginia-Carolina Chemical 5s *92 Wabash 1st *92% Wilson & Co. ct. is .<f? 85 ?Bid. EYES TOWARD LONDON. NEW YORK, December 24.?Canadian bankers are hoping that It will soon be possible to float Canadian loans 'in Lon don again as a result of the improve ment in sterling exchange. A .further improvement of 30 cents in the value of the pound ip. Canadian dollar*'would place BrttMh capital tin the same footing with the United States in regard to Canadian financing. There have been no Canadian lofuia in England of tuiy con sequence since 19 m, when practically all large financing was done in London. Musical Mention From time immemorial music has Played an important part in the cele bration of the Christmas festival. Aa Jong- ago as 137 A. D.. Tele sphorus, bishop of Ramie, ordered that December twenty-fifth be kept as a solemn feast in the churches, two specific injunctions being "that in the holy night of the Nativity of our Lord and. Saviour, they do celebrate public church services and in them solemnly sing" . the? angelsf hmyn becauso also that, same night He was declared unto the shepherds by an angel as the truth itself doth wit ness:." Accordingly all througrh the ages has the Angel's Hymn been heard on Christmas day in the churches. Each nation has its own method of celebrating' this festival and. its own special music, the Christmas carols, however, being the favorites in most countries. The carol at first signified a peculiar kind of ring dance ac companied by singing. The dance gave the name, to the song by whicty was accompanied and gradually the word in one or both of these senses came Into most of the languages of western Europe. In France and England carol singing has always had an important place in the Christmas celebration. Home of these carols are said to be fragments of old mystery or miracle plays that were performed during the Yuletide. They are very quaint and give evi dence of their early origin and the melodies to which they are wedded are the old traditional airs. The ma jority of those we know in English were translated from the Latin. One of the very early carols is known as "The First Nojvell." Noel, or as it is spelled in old English, Nowell, is the term used in France to ex press Christmas songs or carols, as well as Christmas itself. The word was first used in England about the i time of the Norman invasion, and it is supposed to be derived from the Latin "Natalis." A few of the most famous old English carols are *1 Saw j Three Ships Come Sailing In," "As Joseph Was a Walking," "God Rest You, Merry Gentlemen,*' "The Cherry l Tree Carol," "Three Kings of Orient" | and "Good King Wenceslaus," all of them beihg sung to the traditional air9. A Christmas pageant, "The Word and the Way," arranged from Biblical texts by Bess Davis Schreiner, as sisted by Marie Mtfore Forrest, was given this week at Luther Place Memorial Church. The characters were portrayed by Rev. G. M. Diffen derfer, pastor of the church, who read the prologue; Rev. Earle Wilfley, pas tor of the Vermont Avenue Christian Church, as "The Voice of Isaiah"; Ar thur White, as Abraham; Dennis E. Connell, Uoaz; Maurice Jarvis, King David; Mrs. Maude Howell Smith, the Angel Gabriel; Misses Florence Thompson, Marian Chase, Mary Trigg and Elizabeth Quigley, as gleaners, ceremonial celebrants and shepherds, under the direction of Miss Caroline McKinley. Fourteen tableaux were presented, with an elaborate program , of incidental music, furnished by Paul (Whitney Fishbaugh, guest organist; I Miss Helen Gerrer, violinist; Miss Katherine Riggs, harpist; Miss Annie| iAnstadt, organist: Miss Marion Greene, i soprano: Miss Marie Koontz. contralto; j | Martin Richardson, tenor; Robert Da vidson. bass, and Ervine Stenson,; baritone. Members of the Arts Club were de- j tightfully entertained last Sunday: evening by Col. C. L. Frailev, violin ist. who played "Amaryliss," old1 French: "Berceuse Slave" (Neruda).i "Chanson Polonaise" < Wieniawski), J "Bourre" (Handel). "Berceuse" (Town send) and "Gavotte" (Qossec), and' by Mme. Y\'onne Daloz. pianist, of! Paris. France, who played "Etude"' (Liszt). "Berceuse" (Chopin), "Spin ning Song" (Wagner-Liszt). "Ara besque" (Debussy). "Nocturne" (Chop in), Paderewski's "Minuet" and "Mo ment Musicale" (Schubert),. A recent reeital of unusual inter est was given by Adolph Torovsky organist, assisted by Nancy St ill well, contralto, at the Installation cere monies of the new organ at the Church of the Advent, when Mr. Torovsky was heard in "Toccata and Fugue in D Minor" (Bach). "Priere a Natre Dame." from Gothic Suite (Boellman), "Largo" from New World Symphony (Dvorak). "Will-o-the Wisp" (Nevin). "Andante" (Gritton). "Allegretto Grazioso" (Tours), and "Toccata in G" (Dubois), and Miss Still well sang "Eye Hath Not Seen From Gaul's Holy City" and "HoW Lovely Are Thy Dwellings," by Liddle. No program was given at the Fri day Morning Music Club last week, but the club will hold its usual meet ing next Friday morning, when the program will be given by Minna Niemann, pianist; Lieut. Horace Al vin Lake, baritone; Miss Katherine Lee Jones, contralto, with Christmas carols by a double quartet led bv Mr?. Miriam Hilton. Sometime ago the famous French organist and composer, Charles Marie Widor, remarked to a well known Bach student and editor that the older he grew the more difficult he found it to discover the truly spirit ual in music other than the Gregor ian Chant and the Bach Choral. When one hears the average prelude, offer toire and postlude, one is led to won der whether tbe musical public even begins to realize the legacy which it j?w?Fe,Vod t1 l?e hands of Johann Sebastian Bach. So often thought of by the popular mind as a learned writer of tedious and scholastic counterpoint. Bach in the field of choral music and especially in the choral prelude, is one of the most dramatic composers of all time Kor the purpose of bringing home to organists, as well as musicians generally the spirituality, mvstical fervor and especially the dramatic no we r of this great master, Carl K Pfatteicher, director of music at Phil lips' Academy, Andover, Mass., will give an organ lecture recital on the Christian church year in choral pre? ludes by Bach at the Lutheran Me morial Church at 8:15 next Thursday ticket"8 Admission will be without The program of the Arts Club for the Sunday evenings in January will he grvien by the following artists January 8. Miss Grace Nelson, so prano; Miss Miriam Larking, cellist Miss Mina Niemann, pianist: January la, Charles Trowbridge Tittmann bass, accompanied by Miss Lucy Brickenstein; January 22, Lieut Horace Alvin Lake, baritone, with Mrs. Howard Blandy at the piano and January 29, a progTam of com positions by Carita von Horst, ar ranged by the composer, will be given. No progTam will be Riven on New Tear's day. Miss Prisollla Slaughter, meuo soprano, will bo the soloist at this morning's service at the Sixth Presby terian Church, when sho will be heard in "Oh. Holy Night" by Adams. Gurle Louise Corey entertained a large number of friends at her home Friday evening with the second of her series or monoperalognes, the opera selected for this occasion being La Traviata by Verdi. Miss Corey was assisted by Mrs, Elizabeth Qdrdner Coombs, accompanist. Mary Allaband was soloist last Sun day at the Chevy Chase Presbyterian Church, giving Scott's "Repent Ye" at the offertory. Marguerite Wickersfoam was enthu siastically received last week at the Y. M. C. A. when she crave a short program of songs, Including "Caro Nome" from "Rigoletto," "Vous dan ses. Marquire" (Dalcrose), "Wind's In the South" (Scott) and "Bonnie Sweet Bessie" (Scotch). Marion lAwson as sisted at the piano. Katherine Simmerman, pianist, a member of the faculty of the Peabody Conservatory in Baltimore, gave the following exacting program before an enthusiastic audience at the George town Visitation Convent last week: "Gigue," (Loeilly), "Gavotte, (Bee thoven),, "Le Concon" (Daauln), "Des Abends" and "Aufsohwung" (Schu mann). "Walts In C sharp minor." "Nocturne In E" and "Etude In C minor," all by Chopin; "May Night" and "The Sea." by Palgren; "Sposa- | lizio (Liszt). She closed the program [ with a brilliant rendition of Liszt's "Paraphrase of Rigoletto." Miss Isabel Sacller.ta student at the Georgetown Visitation Academy, is spending the holidays with her par ents at Kearsdale, N. Y. She will sing the Bach-Gounod "Ave Maria" at mid night mass on Christmas at the Church of the Immaculate Conception. Miss Sadler has a soprano voice of much promise. Mrs. Edith Marmion Brossius, harp ist, has just returned from a most successful concert tour through the middle and far west. Her itinerary i included Cleveland, Ohio; Kansas City. | Kas., where she gave a second recital ; by special request upon her return J trip to the east; Paola and ' Fort J Leavenworth, Kas.; Butte. Mont.; San Antonio, Tex., and Louisville, Ky. So j enthusiastic were her audiences that 1 arrangements have already been made j for a tour to these cities next season. Following the business meeting of the Cincinnati Chapter, D. A. R., held Monday evening at the home of Miss Lillian Chenowith, the members of the chapter were entertained with a musical program by Miss Chenowith, u no sang the contralto solos "One Fleeting Hour," by Lee, and "To You." by Speaks. William Braithawaite. tenor, sang "Give a Man a Horse He Can Ride," "Sylvia," "Why" and "Morning." George Dawson con tributed several violin numbers and Mrs. Dorothy Baxter assisted at the piano. NEW YOKE BANK STATEMENT. NEW YORK, December 24.?The actual condition of the clearing house I banks and trust companies for the week shows that they hold $28,383,690 reserve in excess of legal require iments. This is a decrease of $8,0ou, 710 from last week. The statement follows: Actual condition: Ix>ans. discounts, etc., $4,453,415,000; decrease, $14,255,000. Cash in own vaults, members fed eral reserve bank, $79,271,000; in crease $2,759,000. Reserve in federal reserve banlc.s of member banks, $521,653,000; decrease, $12,470,000. Reserve in own vaults, state banks and trust companies, $9,227,000; in crease, $276,000. Reserve in depositaries, state banks and trust companies, $9,242,000; in crease, $551,000. Net demand deposits. $3,870,021, 000: decrease, $23,584,000. United States deposits deducted, $99,469,000. Time deposits, $218,294,000; in crease, $472,000. ? Circulation, $33,262,000; increase, $13, 000. Aggregate reserve, $540,122,000. Excess reserve, $28,383,690; de crease, $8,655,710. Summary of state banks and trust companies in greater New York not included in clearing house statement: Loans, discounts, etc., $642,621,70u; in crease, $2,182,900. Gold. $4,989,200; increase. $2,400. Currency and bank notes, $17,151, 600; decrease. $S32,900. Deposits with federal reserve bank of New York, $53,724,800; decrease, $2,993,600. Total deposits, $673,181,000; de crease, $2,031,200. Total deposits, eliminating amounts due from reserve depositaries and other banks and trust companies of New York and United States: Deposits, $628,058,800; decrease, $4,756,400. Banks: Cash in vault, $25,793,800. Trust companies: Cash in vaults, $50,081,800. LIGHT TRADE IN DRY GOODS NEW YORK. December 24.?Cotton goods markets were partly closed today and trade was light. Prices were steady, especially on sheeting*?. Yarns were quiet. Raw silk was dull and un changed. Burlaps were inactive. Wool goods showed no change. EDUCATIONAL. " COLUMBIA UNIVERSITY SCHOOL ? W. Thomas Shepherd. Ph. D., pres., 806^i Eye n.w. Indir. instruction; college preparatory; !*n>f napes, mathematics, physics, chemistry, psychology; day. night: co-ed: moderate. ? K. of C. EVENING SCHOOL 600 G Street N.W. All Courses IS Wks., Start Jan. 2. Auto-Mechanics Electric W iring Radio Mechanical Drawing j Shop Mathematics and Slide Itule { Register now, 9 A.M. to 5 P.M. I'aily Mon.. Wed., Fri. from 7 to 9 P.M. | Free to Great War Veterans i national! SCHOOL FINE & APPLIED ART FELIX MAHOWT, Director. Ibis 17M. New Location: Conn. Ave. & M St New Classes Begin Jan. 4 Day and Evening Classes Children's Saturday Class Interior Decoration. Costume De sign, Textile Design, Color, Com mercial Drawing, Life, Sketch, Painting and Modeling Classes, (-?lividual Instruction. Catalogue. COLUMBIA SCHOOL OF DRAFTING Roy C Clafiin, Pres. 14th & T Sts. Phone N. 272 Learn Drafting and enter this profession of good pay and congenial work. DAY OR NIGHT SESSIONS INDIVIDUAL INSTRUCTION COURSE IN 3 TO ? MONTHS Full Information on Request Get Latest Catalogue ENROLL THIS WEEK LINOTYPE OPERATORS receive f1,000 yearly. Idea) employment. U?ed every eity and town Day, even ioc. Cost 1200. Prospectus. 2478 Stuyvesant. EMPIRE SCHOOL. 1? East Kth Street.. New York City. Calculating:, Bookkeep ing: and Adding: Machine School Competent Operators Are la Demaad DAY AND EVENING CLASSES BURROUGHS ADDING MACHINE SCHOOL 724 17th St. N.W. Telephone Mala 3TSO HALL-NOYES SCHOOL Opens Sept. 29th. Fall graded and High School Classes; also private coaching to joutbs and adulta. Cjvil Service prep, by ex-examiner D. 8. Catalogue. Frances Mans Hall, A. M. If. 8877. 221 E St. N.W. ACCOUNTANCY ** Offers exoevtional opportunity Offers exceptional opportunities te ambitious nan and woman. EEGISTE* VOW FOB Day and Evening Classes .PACE INSTITUTE 1U ft 81. M.W.. Center 1th and Q Sts. MUSICAL INSTRUCTION Mandolin, Guitar, Banjo By Experienced Teacher?Col. 12^4-W. G. B. Thomas. 1231 Girard St. MISS jEanETTE M. HOWARD (Pupil of S. M. l-abian) PIANIST AM) TEACHER Ktudln: 41^3 7th ?t. (1'KTWORTH). * - ASSOCIATED STUDIOS AN AFFILIATION FOR MUSICAL ART OTTOT. SIMON*?Voice culture. Pupil of Behnke of London. collaborated with Marches! of I'aris and Italian nia*t<?ri ? of Milan. Studio. 1807 II tot. n.w. I'ele* lihnue Franklin 78J1. LA SAI.LK S1MMK -riano. Pupil of Rafael Joaeffy of N-w York. 1010 1913; Ri- hard Burtneister of Berlin. 1013 1W1??. Studio. 1409 Mass. ave. n.w. Telephone Franklin 7171?. llHMtl SOKOLOV?Violin. Graduate of Brussels Conservatory. Pupil of Caesar Thomson. Studio, 1107 11th at. n.w. Telephone Franklin 3594-W. Frequent pupils' reiitals and concert!. BESSIE N. WILD Voice Culture. Piano and Harmony. Studio. 73 R. I. Awe. N.W. Phone North 2711. MISS AMY C. LEAVITT, PIANO. VOICE AND HARMONY. Couching and Accompanying 706 11th ht. n.w. Main 6640. WALTER T. HOLT ~~ Established 1^04. Phone Franklin 4115. STUDIO, 1219 CONN. AVE. School of Mandolin. Gu.tar and Banjo. Hawaiian Hte#l Guitar I'laying and the Ukulele STUDIO HALL FOR RENT. RESORTS. ATLANTIC CITY. It. J. S2ar t boioug fiBknheim AUantic City, N. J. WINTER RATES (November to January inclusive) On American Plan, with Bath Two People, $*<5, $95, $115, and up One Person, $60, $70, and up Ownership Management JOS!AH WHITE & SONS COMPANY 77it3a//?rvdfh of tfie sea brings Aea/t6 Galtero Hall ATLANTIC CITY. N.J. q/S PARTICULARLY attractive, modern hotel with all the usual, and some unique features. Offers hospitality and comfort, excellent cuisine, good music, golf privileges Extensive system of tonic and curative baths. May we send you illustrated booklet? THE CALVERT Va. ave. Mod. rates. GBG. PBITCHABOj Pup. HOTEL CONTINENTAL Always open, always ready: t*rm?? moderate. Write or phone M WAT/?H nrvp^v PALM BEACH. FLORIDA. Pilm Beach Hotel golf. I-ess formal, more moderate rates. Warm wea baths. Rv rail rwiir*: n^v?-r<>oId: rost ful. gay. FLORIDA. r A DELIGHTFUL, modern, Jr*\ Hotel, on the shore of Lake Worth, and over looking the Ocean. Attractive Moorish design. All outside rooms. Wonderful roof garden with dining room looking down on magnificent Tropical scenery. Terms?$5 to ?8 daily. BOATING, BATHING, GOLF, FISHING, ETC. Write for information Ownership Management by FRED. G. SCHWARZ Kenilworth LODGE At Sebring, Florida A Pictnre.-que and Knchanting Spat On Beautiful Lak* Jark*<*n, IX CKXTRAL FLORIDA Every Boom with Bath. New and Modem Throughout Reason January to April. Golf for the Most Critical HUGH J. FLYNN, Mgr. New York Office: TYtrn <* Country, ft Weit 40th 8t. Tel Vanderhllt 2290 ill.I K it:lit;K SUMMIT. PA. CHAPMAN MANOR. Steam-heated and comfortable. Good meals. Air dry and invigorating Hunting and Moun tain Pa Mimes. 80 miles from Washington road, 10? railroad. Booklet. MOVING, PACKING & STORAGE | WILL SHAKE I'AIIT OF KKKI*HT C4R ?JO ing to Boston first week January. Address Box [ 21-H. Star ottce. IP CLEAN, DUT STORAGE KIK FUItMTORB and pianos. Estimates cheerfully give.i. ?Vu venlent local .on. WFSCHLEK'S. B20 Fa. are. n.w. Phone Main 3282. SEPARATE ROOMS, $1 ?;H Local and Long Distance M0VIVO. By Careful Men. Rates Reasonable. PACKING BY EXPERTS. Oooda insured *2.000 while in our long-distanoe vans. V. B. MOSES A :SONS, Ilth AND F N.W.? Modern fireproof storage. Safety, Service and Saving We can store and insure your furniture for less than nny other high-grade warebouae in the city. R00 ROOMS. Expert Packers, Craters & Shippers City. Suburban and Long Distance Moving. WINTER BUILDING STORAGE, Tel. N. 8S45. Free Estimate*. 143ft V at. n.w. MODERN FIREPROOF STORAGE PRONE. North 3343 S344 , CRATING PACKING SHIPPING IONO-DISTANCE MOVING No Charge for Estimates The Big 4 Transfer Co., Inc., 1125 14th St N.W. Phone Maim 30M Specialists n Long-Distance Moving "UNITED STATES? v STORAGE CO. urep roof Warehouses ESTIMATES OHAKK?wi!ffit>Sf!5o,Na PHQNESJ5Ste?ir