Evening star. [volume], January 13, 1923, Page 18, Image 18

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

Image provided by: Library of Congress, Washington, DC

                
18
FURTHER STRENGTH
IN STOCK MARKET
Industrials Go Higher Until
Profit Taking Slows Up
• Whole List.
IIV STI AHT I*. WKST.
Spwial 1 t«» Tin* Sfyr.
NEW YORK, January 13.—There
was continued strength shown in
today’s stink exchange dealing*: up
to williin thirty minutes of the close
there was no sign of an interruption
to the upward tendency in the in
dustrial section.
There was the usual week-end
realizing to contend with and this
had sotm effect upon the speculative
leaders, hut no real signs of reaction
appeared. Un the contrary, where old
favorites fell behind, new ones were
taken up and in a word interest com
mitted to the side of advance again
demonstrated that they had full con
trol of the market situation.
Two Strongest Group*.
The two strongest groups were the
rubber and lire shares and the can
Stocks. There was little to be ■raid
about the strength in these two quar
ters that has not been said already.
With Hie price of crude rubber around
33 cents a pound, whereas less than
a year ago it was under to. a very
handsome addition has been made to
the inventory values of the rubber
companies. Must of them have
enough of the raw material, on hand
purchased at comparatively low
prices to give them full advantage
•>f the leeent increase in tire prices.
Both American <’an and Continental
fan surpassed their previous high
points.
Stocks of companies producing lead
were most of them helped by the
further increase in lead prices an
nounced today. /
American I.inseed stocks were
taken up alter a long period of in
activity. t'osden and Skelly. in which
there were rumors of closer relations
impending, were both actively bought
and sulphur stocks were again in de
mand.
Most Hail Shares Heavy,
The railway list was Inclined to
be heavy. Then were one or two
exceptions, notably Delaware and
Hudson and tvmtnern Railway com
mon, in,- buying in the latter based
upon tin- favorable earnings position
of tin company.
The continued heavy selling in Now
Haven was hard to explain except
that Wall street periodically has to
listen to unfavorable rumors regard
ing this road, which so far have never
materialized. With the extension of
the European loan until 11133, New
Haven has no pressing liabilities. It
owes the government $71,500,000. but
there is no idea that serious pressure
would ever he brought to bear from
this direction.
The foreign exchanges were gener
ally lower, with francs under the
aeven-eent level again.
Realizing gale* at Close.
Realizing sales were heavier in the
last quarter of an hour than at any
previous stage of the day, but while
they produced much irregularity they
were not pressed to the extent of
causing any weakness. Steel common
was notably heavy and then was a
sharp break in the Mercantile Ma
rines. Sludebaker came down over a
point from its early high, but as a
rule the specialty favorite* of the
day left off well up to their best.
The current earnings of the United
States Industrial Alcohol Company
are believed to be at the rate of 18
or $lO a year, and all parts of the
company's business are understood
To Ije improving steadily. Whatever
net income Industrial Alcohol will
report for 1922 was earned practically
in the second six months, and the
amount probably was around $5 a
share on the common stock. The
chemical subsidiary of the company
has been doing especially well. If a
quantity output of aleo gas. one of
Alcohol’s products, is attained, more
attention may be paid to reports that
Atlantic Refining Company is plan
ning to contract for it.
Skelly Oil Goes Higher.
Skelly Oil continued its advance
into new high ground today on the
same sort of buying that made its
appearance in Friday's market. This
buying, or at least part of It, repre
sented profits made in Cosden Oil.
Skelly is one of the smaller oil com
panies which have high-grade produc
tion and this is the kind of oil which
Is now in most demand, ft is well
known that high gravity crude com
mands a better price than the low
gravity, and Skelly is collecting
premiums for its product.
A factor in the Skelly situation is
that*a change in par value of the stock
from $lO to $25 a share has been voted
by the directors. This would decrease
the number of shares from 1,952,048 to
780,819.
Review and Outlook.
A mixed, but in the main strong,
■took market, new high records for the
season in cotton prices and lower quo
tations for the foreign exchanges made
up the principal features in the finan
cial situation today.
Such irregularity as developed on
the stock exchange was mainly due
to selling by speculators anxious to
be as clear as possible over the week
end. tt had. therefore, no significance
for conditions in general.
Tn the Wall street view, the optimis
tic tone of the weekly trade reviews j
w-as of more consequence than the
uncertainty over affairs In Europe.
The renewed decline in the French
tranc was apparently duo to misgiv
ings as to how the efforts of German
industrial lists to curtail production
in the Ruhr will affect the collection
of the indemnity. Rut in the other
markets no concern was displayed.
(Copyright, 1923)
TODAY’S COTTON PRICES.
Heavy Overnight Buying Orders
Cause Good Advance.
NEW YORK, January 13.—An open
ing advance of 8 to 17 points in the cot
ton market today was the result of over
night buying orders, and fresh buying
was promoted by bullish Manchester
trade advices, favorable week end re
views of the domestic cotton goods
marlfels, and reports of an increased
spot kbusiness in the south yesterday.
Thei# was a good deal of realizing for
over the week end, however, while the
«asi€ ■ ruling of foreign exchange rates
empl apized the uncertainties which still
exist m the Furopean political situation
and he market was rather nervous or
unse t|cd during the early trading.
Th ce teas New Orleans and scatter
ed southern selling on setbacks,
whiqji carried May contracts off from
ST.TaPto 27.55. or back about to yester
day’s closing quotation.
Cotton futures closed firm; January
27.53; March, 27.73; May, 27.89; July,
27.64; October, 25.93.
NEW ORLEANS, January 13.—Cot
ton futures closed very steady at net
advance of 22 to 31 points. Closing
bid: January, 27.15; March, 27.25: May,
27.32; July, 27.16; October, 25.46.
Spot cotton, quiet, 10 points lower.
Sales on the spot, 100 bales; to arrive
none. Low middling. 26.50; middling,
27.25; good middling. 27.75.
DRY GOODS PRICES FIRM.
NEW YORK, January 13 (Special).
—-The market in cotton cloths con
solidated its gains throughout the
week in today’s trading. The trend
of print cloths, sheetings, drills, twills
and sateens was very firm, and it was
undoubtedly a sellers’ market, with
, buyers apparently willing to make
commitments at prevailing prices and
sellers not pressing goods for sale at
this time. ’There was a decidedly bet
ter feeling manifested in the raw silk
market both here and at Yokohama,
although th(* did not materialise Into
• - price change*
FINAMCIAL.
NEW YORK STOCK EXCHANGE
Received by Private Wire Direct to The Star Office 1
Oppn. High. Faow. Clom.
Air Reduction 68% B9H 58*4 69%
Ajax Rubber is 7 /* 14% 13% 14%
> All Am fable 105 106 1 6 108 • ;
Allied Chemical... 7>s» 76% 74% 76%
Allis Chalmers.... 4*% 46% 46% 46%’
Allied Chem pf.... 11l 111 111 HI
Am Bank Note 77% 77% 77% 77% j
Am Beet Sugar... 39% 89% 89% 89%:
Am Bosch 41% 41% 41% 41%.
jAm Brake Shoe 72% 78 72% 75
jAm Can 82% 84% 82% 84
Am Car & Fdy 18’. 183 183 183 1
Am Cotton Oil IT 18 17 H®*
| Ain Cot ton Oil pf.. 35% 86% 84 84
! Ani Druggist 6% 6% 6% 6% 1
lAm International. 26% 26% 25% 28%
jAm La France.... 11% 11% H% H%
i| Am Linseed 81 33 31 32%
JAm Linseed 0f.... 69 64% 60 64%
,Am Locomotive. .. 125% 125% 124% 124%
lAmLocopf 120% 120% 120% 120%
jAm Metals 6 % 63% fit 63
:Am Radiator 80% 80% 80 80%
jAm Safety Razor.. 8% 8% 8% 8%
iA in Ship * Com. .. 20 20 20 20
iAm Smelting 66% f 6% f 6% 86%
'1 Am Smelting pf. .. 9% 99% 99% 59%
iAm Sugar 794* 79% 79-% 79%
lAm Tel * Teleg... 123 123% 122% 122%
lAm Tobacco 153% 163% 163% 168%
Am Tobacco (B) .. 150 160% 150 16 %
jAm Water Wks. .. 28% 28% 28% 28%
(Am W Wks G% pf. 52% 62% 52 52
Am Wholesale pf.. 95% 96 95% 96
Am Woolen 96% 96% 96 26
Am Woolen pf.... HI 111 111 *HI
Am Writing Pr pf. 28 29 28 29
Am Zink &Ld pf.. 60% 60% 60% 60%
• Anaconda 49% 49'* 48% 48%
i Asso Dry Goods. .. 70% 70% €B% 69%
1 Associated Oil 129% 129% 129 129
(Atchison 100% 100% 1004 s 100%
iAtchison nf 89% 89% 89% 88%
Atlantic Culf 22 22 22 £2
Atlantic Gulf pf.,. 16% 15% 15% l5Va .
; Austin Nichole.... 85% 85% 85 88
1 Bald win Loco 136 136 136 136%
; Balto A Ohio 41 41% 40% 40%
jßalto & Ohio nf... 69% 59% 69% 59%
Burnesdall (A) 81% 31% 81% 81%
Rayukßros 61 il 61 61
1 Barnet Leather... 47 47 47 47
ißeechnut, Packing 60% 6U 11 * 60 60
|Beth Steel (B» 63% 63% 62% 62%
• ißeth Stl 7% (n>... 96% 95% «6% 98%
• Beth Steel 871 pf. . 10.% 109% 109% 109%
<’Bklvn Rapid Tran. 11% 11% H*« H%
’ (Bklyn Rap Tr ctfa 9% I>% 9% 9%
I Brown Shoe 60% 60% 60V* 60%
Burns Bros (A)... 142% 142% 142% 142%
(Burns Bros (8)... 40 40 40 40
i Butte Copper 10 10 10 10
1 Butte & Superior.. 80% SO 71 * SO I '* 80*4
Caddo Oil 8% 8% 8% 8%
1 (California Petrol. 82% Bz% 79% 80%
California Pete pf. 98 98% 97% 88 s
1 Callahan Zinc 10% 11 HA4 10“*
■(Calumet & Arizona 57 57 57 67
1 j Canadian Pacific. . 143% 143% 143% 143%
iCase Plow Works. 3 3 3 3
. Central Leather... 83% 84% 83% 34%
(Central Leath pf.. *9 69% «9 69%
, ICerro de Pasco. ... 45 46 43% 43%
. {Chandler Motor... 69 69%. 68 s * *B%
• IChes & Ohio pf w 1 102% 102% 102% 102%.
: Chi & Alton pf -8% 3% £*» 3%
(Cbl Great W pf.... 8% 8% 8 8 * (•%
- |Chi Mil &St P 21% 21% 20"* If 1 *
|Chi Mil &St P pf..i 32 s * 82% 32% 5.%
' Chi & Northwn.... 79 s * 79% 79 79
1 Chi Pheumat Tool. 83% 87 83% 87
Chi RI & Pacific.. 82 82% 81% 31%
j Am W Wks 764 pf.. 90% 90% £O% 99%
Chile Copper 29% 39% 28% 29
Chino Copper 26% 26% V 6% 26%
Cluett Peabody... 67% 68% 67% 68%
‘ Cluett Peabody pf. 102V* 102% 102% 102%
Coca-Cola 78% 78% 78% 78%
; Coca-Cola pf 94 £4 94 94
Columbia Gas 107 107% 106% 106%
, Columbia Graph... 2% 2% 2% 2%
. Comp Tabulator.. 71% 73% 71% 73
Com Solvents 8... 30 30 30 SO
i!Cons Gas of N Y... 124% 125 124% 126
1 (Consol Gas new... 62% 63 62% 62%
j Cons Textile 12% 12% 11% 12%
IContCan 124 124% 124 124%
| Cent Can w i 45% 47% 45% 47
Continental Motors 11% 11% 11% 11%
! (Corn Products.... 126 126 126 126
I J Corn Products pf.. 120% 120% 120% 120%
- Cosden &Co 56 66% 65% 56%
1 Cosden pf 103'% 103% 108%, 103%
Crucible Steel..... 71 72% 71 71%
■ Cuban-Am Sugar.. 25% 25% 24% 24%
l Cuban Am Sug pf. 101 101 101 101
■ Cuba Cane Sugar.. 13% 13% 13V* 13%
Cuba Cane Spf.... 89% 89% 89% 39%
' Davidson Chera... 82% 82% 82% 33%
Del & Hudson 115 116 114 116%
Del Lack & Wstn. 127 127% 127 127%
Dome Mines 43 43 48 43
Dupont (El) IE H 2% 112 112%
J Eastman Kodak.. 96% 96% 16% 96’ a
I Electric Stor Bat.. 65% 68% 66% 65%
’Endlcott-Johnson. 92% 92% 91% 91%
j Endicott-Johu pf.. 117% 117% 117% 117%
j Erie 10% 10% 10% 10%
j Erie Ist pf 15% 16% 15% 16%
.Erie 2d pf H a s 11% IPs 11%
j Exchange Buffet.. 30% 31 30% 30%
j Famous Players.. 89V* 89% 89 89
. Fed Mines & S pf. . 47% 47% 47% 47%
■ Fidelity Fire Insur. 103 103 102 102
i Fifth Ave Bus w 1.. 8% 8% 8% 8%
Fisher Body 20s 208 208 208
Fisk Rubber 15% 15% 16% 16%
Freeport Texas... 21% 22 21% 21%
Gen Am Tank Car. 68 69% 68 68%
Gen Asphalt 47 47% 46% 46%
Gen Electric 183 184 183 184
den Elec spl w 1... 11% 11% 11% li%
Gen Motors 14% 14% 14% 14%
Gen Mot 6% deb... 84 84 64 84
Glidden H 11 H 11
Goodrich...... .*» 86% 88% 86% 88
Goodrich pf....... 86% 89% 86% 89%
Goldwln C0rp..... 6% 6% 6% 6%
Great Northern pf. 74 74% 74 74%
Great Nor Ore 81% 81% 81% 81%
Guantanamo pf... 100% 100% 100% 100%
Gulf Mo & Nor 12% 12% 12% 12%
Gulf Mo & Nor pf.. 474* 48% 47% 48
Gulf States Steel.. 80% 81 80% 81
Harblshaw Cable.. 1% 1% 1% 1%
Hartman Corp 90V* 90% 89% 89%
jHendeo Mfg 19% 19% 19% 19%
Houston 0i1....... 74% 75% 74 s * 75%
Hudson Motors.... 26% 2744 26% 26%
Hupp Motors* 24 24 24 24
Interborough 16% 16% 16% 16%
Inti Agri Chem pf. 83 33 33 33
Int Cement 39 39 38% 88%
lut Combustion E. 25 2S 24% 24%
int Harvester pf... 116 116 116 116
Int Mer Marine.... 10 10
Int Mcr Marine pf. 44 44 41%' 42%
Inti Paper 68% 66% 63% 66%
Inti Paper (sta)... 72 73 72 72
1 Invincible Oil 16% 15% 15% 16%
Iron Products 44% 46 44% 4fi
Island Oil % % % %
Jones & L’ghlin pf 107% 107% 107% 107%
Jones Tea 60% 60% 604* 604*
Kansas & Gulf Co. 8 3 2% S
KansasC Sou pf... 62% 62% 62% 62%
r Kayser (Julius).. 43% 43% 4244 42%
Kelly-Spring Tire. 61 61% 60% 61%
Kennecott 86% 8644 86% 86%
1 Keystone Tire.... 9% 10% 9% 10%
Kresge (S S) 185 186 186 186
Lee Tire & Rubber 29% 29% 29% 29%
Lehigh Valley 68% 68% 68% 68%
i Lima Locomotive. 6044 604* 60 60
I Loews Inc 19V* 19% 19 19%
Loft Inc 11 11 , 10% 10%
■ Loose-Wiles 69% 61% 694* 01%
■ Hack Truck 6744 67% 6644 6644
> Mack Truck Ist... 94% 94% 94% 94%
1 Mack Truck 2d.... 87 87 87 87
’ Macy Co 62% 68 62% 68
MacyCopf 113% 11344 113% 113%
’ Magma Copper.... 81% 8144 31% 31%
’ Mallison &Co 88 88% 87% 87%
Manatl Sugar..... 44% 46% 44% 46%
Marland Oil 80% 8044 29% 29%
Martin-Parry 29 29 29 29
Mathlson A1k111... 63 63% 63 63%
’ Maxwell (A) 6144 6144 6144 61%
Maxwell (B) 17 17 1644 16%
May Dept Stores.. 76 7844 76 7844
Mclntyre Porcu... 18% 18% 18% 18%
Mexican Seaboard. 16% 16% 16% 16%
Mexican Sbd ctfs.-. 15% 16% 16% 16%
Miami Copper 27% 27% 27% 27%
Middle States Oil.. 12% 12% 12 12
Midvale Steel 28% 28% 28% 28%
Minn & StL (n)... 6 6 6 s
■ MInnStP&SSM. 61 61 61 61
Mo Kan & Texas.. 1344 13% 1344 13%
Mo Kan & Tex pf.. 87% 87% 87% 87%
> Mo Pacific pf 43 43 43 43
Moon Motors 1844 1844 1844 1844
j Mother Lode Cits. 1144 11% 114* 11%
; Nash M0t0r5...... 109% 109% 109% 109%
’ Natl Biscuit wt.... 41% 41% 40% 40%
Natl Conduit 1% 1% 1% 1%
Natl Enameling.. i 6244 60 6844 6844
j Natl Lead ...Hi 126 126 128
THE EVENING STAR, WASHINGTON. D. C. SATURDAY. JANUARY 13. 1923.
Open. High. Low. Close.
Nevada Copper... 15% 16% 15% 15%
NV & Harlem Ry ..15 126* 125 125
N Y Air Brake.... 29 29% 29 29%
N Y Air Brake (A) 49% 50% 49% 6’»%
N Y Centra! 9t 94% »4 9 %
IN YChi *St L 2d.. 84 81 84 84 j
(N yN H & Hartfd. 19% 19% 17% 18 j
.■Norfolk Southern. 15 15 1> 15 j
I Norfolk & Western 110% 110% !»%■ 110%
North American... 104 % 104% 10* 104 j
Northern Pacific.. 73% 74 73 ;1 i 74 j
Ohio Body & Blw.. 8% 9% 8% 9%
Oklahoma Prod... 1% 1% 1% 1%
Otpjheum Circuit.. 19 19 I s * 18% j
Owens Bottle 42’% 42V* 41% 41%'
Pacific Gas & E1... 80% 80% 80% 80%
Pacific Oil 47% 47% 47 47
PackarjJ Motor 10% H% 10% H% j
Pan-Amer Pete... 89 s * 91% «*** 90”*
Pan-Am £ete (B). 8% 83% 82% 82%
Pennsylvania 46% 46% 46“* 46%
People’s Gas 91% 91% 91%' 9% j
Pere Marq pf 70% 70% 70% 70% [
Philadelphia C 0... 4”4 41 42% 43 |
Phillips Pete 61% 51»* 51 M’% |
Pierce-Arrow 14% 14% 14% 14% j
Pierce-Arrow pf.. 31 34 84 84
Pierce Oil.. 4% 4% 4% 4 s * j
Piggly-Wiggly... 66% 67 6 * 67
Pitts AW Va 86% 35 s * 35% 85% !
Pond C/eek Coal.. 40% 40% 40% 40%
Postum Cereal.... 124 129% 124 128 j
Producers & Bes., 49% i9'4 48% 48% '
Public Servos NJ. 97 97% 96% 97V4 i
Pullman Co 130 ISO 129% 129%.
Punta Alegro 46% 46% 46% 46%'
Pure Oil 28% 28% 28% 25% 1
Pure Oil 8% pf.... 99% 99% 99% 99% j
Ray Con Copper... 14% 14% 14% 14% !
Reading 78 78 77% 77% '
.Rels Robert 16 16% 16 16% j
Remington Typr.. 36 36% 26 £6% i
Heplogle Steel.... fS 28 17% 27% j
Rep Iron & Steel.. 50 50% 61 BOV* ,
Rep Iron & Stl pf. .89 89% 89 89”* j
Reynolds Springs. 2>% 20V* 20 20 1
Reynolds Tob (B). 49% 49% 49 4%
Royal Dutch 6.% f 2% 62% 62% 1
St Joseph Lead.. .. 18% 18% 18% 18% |
8t L & San Fran.. 21 21 21 21 j
St L & San Fr pf. . 38 38 38 28 j
St Louis Southwn. 29 30 29 29% j
St Louis Sown pf. . £6% 56% 56% f 6% j
Savage Anns 20% *O% 20% 20%.
Seaboard A L pf... 9% 9% 9% 9%'
Sears Roebuck.... 86% ..86% 86% 86% I
Seneca Copper.... 7% 7% 7% 7% |
Shattuck-Arizona. 9 9 9 9
Shell Trad & Tran. 88% 38V* 38 88 ‘
Shell Union 13 13% 13 13%'
Shell Union pf.... 93 93 £3 98 j
Sinclair OH 84 £4% 34 34% j
Sinclair pf 98% 98% 98% 98%
Skelly Oil 11% 12 11% 11% J
Sloss-Sheflleld.. . . 44% 45 44% 45 j
Sloss-Shetfield pf. . 68 70 68 70 j
Southern Pacific.. 88% 88% 88% 88 s * ,
Southern Railway 26 26% 26 20% j
Southern Ry pf... 65% • 66% 66% 66% j
Spicer Mfg C 0.... 20% £t»% 20% 20% 1
Standard Milling. . 86”* 86% 868* 86% ;
Stand Oil of Calif. 60% 62”* 60 62 j
Stand Oil of NJ wi 42 * 42% 42% 42%
Stand Oil of NJ pf 116% III* llh% 117 j
Steel & Tube pf... 108% 106 s * 105-% 105% j
Sterling Prod 63 t 3 63 63
Stewart-Warner. . 86% *16% 85% 85% j
Stromberg Carb.., 67 68 66% 68 |
Studebaaer 117%. 117% 116% lit 1 * J
Submarine 80at... 8 8% 7% 8% j
Superior Steel 30% 30% 80% 30%
Sweets Co of Am.. 2% 2% 2% 2%
Tenn Copper 12 12% 12 12%
Texas Company.., 48% 48% 48% 48%
Texas Gulf Sulphur 62% 64% 62 64
Texas & Pacific... 21% 21% 21% 21%
Texas &PC & Oil. 21% 21% 20% 21%
Tide Water 0H.... 1304* 130% 180% 130%
Timken Bearing.. So 1 * 86% *5% 86%
Tobacco Prod A... 82% 82% 62Vi 82%
Trans Conti 0i1... 11% 11% 11% 11%
Underwood....... 140 140 140 140
Union Pacific 137% 137% 137 187
Union Tank Car. . 83 83 83 83
United Retail Strs 73 7 3 72*4 72%
U S Cast Ir Pipe.. 32% 32% 32% 82%
U S Cast IrPpf... 71 71 71 71
U S Hoffman Mch. 20% 21 Vi 20 s * 21%
U S Indus Alcohol. 67% 67% 67% 67%
US Realty 95V* 96V* 94% 94%
US Rubber •. 60 61% 699* 69%
U S Rubber Ist pf. 104% 105 104V4 106
US Steel. 106‘f 107% 106% 105%
US Steel pf. 123% 123% 123% 123%
Utah Copper 65% 65% 64% 61%
Utah Securities.... 16% 16% 16% 16%1
Vanadium Corp.. 37% 87% 87% 87%
Van Raalte 60% 61% 60% 61%
Va-Car Chem J pf. 63V4 68V* 62V* 62%
Vivadou 16% 16Vi 16% 16%
Wabasb Pf (A)... 24 24 24 24
Webber & Heilbrn 12% 12 s * 12% 12%
Western Elec pf.. 113% 113% 113% 113%
Western Md 10** 11 10** 11 j
Western Pacific... 17 17 17 17
Western Union... 111% 111% 111% 111% j
Westhse Elea & M 60 s * 60% 60 60
Wheeling & L E.. 8% 8 5 * 8% 8%.
White Eagle Oil.. 25% 25% s» 25 |
White Motor 51 61 61 61
1 White Oil 3% 8% 3 s * 8%
Wick wire 11% 11% 11% UVa j
Wlllys-Overld 7% 7 s , 7% 7% 1
Willys-Overld pf. 47% 47% 46V* 46% j
Wisconsin CentT. 28% 28% 28% 2814 ’
Wool worth 20% 220% £20% 820%
Woolworth pf. ... 125 125 125 125
HOURLY SALES OF STOCKS.
11a.m 298 600 1 2 M.... 484 700
""dividends.
Stock of
. Record Payable
Alliance Ins. Co., e-t., 75c. .Jan. 16 Jan. 18
Alliance In*. Co., ex., 23c Jan. 15 Jan. 16
Borne-Scrymser, ex. 400%
Daniels Motor Car Q,‘,
$2 pf Dee. SO Jan. 15
Durham Hoalery and Mills,
q.. 1%% pf Jan. 20 Feb. 1
Detroit Brass * Malleable
Wks., mth. %% Jan. 26 Feb. 1
Dallas Power-Light Cor, q.,
1%% Jan. 20 Feb. 1
■ Elec. Bond & Share Co., 4.,
1%«, pf Jan. 13 Feb. 1
H. H. I’ranklln Mfg. Co.,
1%% pf Jan. 20 Feb. 1
International Comb. Engi
neering, q.. 50c Jan. 22 Jan. 31
8. H. Kress Co., q., 1% Jan. 20 Feb. 1
K. H. Macy. ex.. 1% pf
Michigan Drop Forge Co..
mth.. 25c Jan. #5 Feb. 1
Producer* A Refiner* Corp..
a.. 1%% pf Jan. 23 Feb. 5
Standard Oil Co. of Ohio, q.,
$1.75 pf Jan. 26 Mch. 1
Texas Light * Power, a.,
1%7l pf Jan. 17 Feb. 1
White Motor Co., q„ $1 Mch. 20 Mch. 81
EX-DIVIDEND TABLE.
January 13—
Allied Chemical and Dye, q..... 1.00
Atlantic Refining pf., 1.75
Austin Nichols pf., q 1.75
Chicago Pneu. Tool, q 1.00
Eureka Pipe Line, q 3.00
Famous Players-Lasky pf.. q........... 2.00
Gimbel Bros. pf.. q 1.75
Indiana Pipe Line, q 2.00
Louisville and Nashville, e.-« 8.50
Moon Motor Car, .37%
Moon Motor Car, extra 12%
Moon Motor Car pf 1.75
Pere Marquette 0% pf., 1.25
Pere Marquette 0% pr. pf., q 1.23
Pere Marquette 6*9 pf., extra 2.00
January 16—
Associated Dry Goods, q 1.00
Consolidated Coal, q 1.50
International Mercant. Marine pf., a.-a. 1.50
Reading Co., 1.00
Januaey 18-
Internatlonal Nickel pf., q............. 1.50
January 19—
Atlas Powder pf., 1.50
Brown Shoo pf., q 1.75
Burns Bros. pr. pf., j. 75
Cluett Peabody, q 1.25
Exchange Buffet, q .00
Fisher Body, q 250
Fisher Body pf., q 1.75
Loosa Wiles Biscuit 2d pf., accum 7.00
Hupp Motor Car, q .25
Nash Motors, initia1.,,,..,.,,.,,.,,,, 2.50
Nash Motors pf. s-a... 1.75
Nash Motors pf.. 1.75
BOSTON STOCK MARKET.
BOSTON. January 13.—Following ,1b
a list of today's highest lowest and
closing prices for the most active
stocks dealt in here: Mich. Low. Close.
Amalie 50 42 60
Amoskeag 94% 94 94%
Boston and Maine 17V* 17% 17%
Boston Elevated 84 84 84
Calumet and Arizona 56% 66 58
Carton Hill Mining 7% 7% 7%
Copper Range 87% 87' 37%
East Butte 9 p 9*
Eastern S. S 82 82 82
Island Creek 102% 102% 102%
Isle Royale 21% 21% 21%
Mass Gas 87 % 86% 86%
New Cornelia 16% 16% 16%
Old Dominion.. 19% 19% id*,
Osceola 81 81 81
Bt. Maryland 48 42% 42M
Swift & Co 109% 108% 109
Shoe Machine...... 50% 50% 60%
Trinity 1% I 1
D. B. Smelt pfff. 46% 48% 46%
Utah Con 1% 1% 1%
Ventura Oil *.... 38% 28% 28%
Waldorf 88% 38%
Walworth U% ufi 11%
PRICES HD FIRM
l|f BONOMARKET
I Heavy New Financing Next
Week —High-Grade Issues
in Demand Today.
BV UKOHIiK T. ill
] Special Blips ti ll lo The Star.
NEW YORK, January 1J. —Rond |
prices were fairly ilrni during the j
two hours of trading today, laying a 1
good foundation for next week’s ex- j
, ported large new financing,
j Incidentally, government offerings i
I aside, this w r eek lias witnessed the j
) largest amount of new bond issues in j
| tlie history of the market. The total
j was $24(1,021.000 par value. Next week
; the new Cuban loan and possibly the
' Anaconda financing are to come.
! , I’ he outstanding feature of the trad-
I inn in listed issues today was the Domin
ion Republics 5%s of 1942 The bonds
I sold up four points to 90. The high for
i the year was 93 I .j. Among other foreign
I issues French bonds were firm around
! yesterday’s high. While the selling
; which carried these bonds* down nearly
i to the November low is no longer in
j evidence, there seems no inclination on
I the part of investors to pay more than
j the price represented by the current re
■ co/ery until more light is available on
| the foreign situation.
High-tirade Issues Active.
. There was considerable activity today
jin strictly investment issues. Canadian
j Northern ti'-s and Canadian Northern
ilf were both dealt in fairly heavily,
j These bonds, guaranteed as they are.
1 principal and interest, by the Dominion
i of Canada, are really a government obli
| gallon and not a railroad issue. North
i ern Pacific tis was another active bond,
i This is one of the highest yielding
iof those bonds legal investments for
savings banks in this state. The fact
j that it sells at a prem'ium is un
i douhtedly responsible for the high
j return as premier bonds are not in
the same demand as those selling un
der par. even when the security is
the same. Rake Shore 4s of 1931, an
other high-grade issue, was up frac
tionally.
Baltimore and Ohio 4s gained a lit
tle. Considering it’s undoubted high
investment'status this bond has been
! selling very low. probably a reflec
i tion of the fact that Baltimore and
! Ohio issues are no longer legal,
j West Shore 4s showed continued
] strength. Cndcr the guarantee of'the
\ New York Central as well as secured by
j first lien on extremely valuable mile
age, this-, too. may be considered a very!
j high-grade issue.
Liberty Price* Steady.
Liberties were steady, prices fluctu- !
i aling over a "very narrow range. The
! weekly statement of the *B3 member i
hanks of the federal reserve system
! shows an increase in loans secured
' by stocks and bonds of $134,000,000
and international loans for commer
cial purposes of $111,000,000. while the
total investments dropped $83,000,000.
This does not. look as if support for
the bond market could be expected
from the banks.
WEEKSEESMANY
NEW HIGH MARKS
• _______________
; Stock Trading Restricted by
Ruhr Invasion, But Parts of
List Jump Upward.
I By the Associated Press
NEW YORK, January 13.—The dis
turbing German reparations situation
I had a restraining effect on the vol
ume of trading in this week's stock
market, with the result that the aver
age prices of standard stocks show
ed few material changes. Pool opera
| tions were aggressively conducted.
I however, in a number of special
j shares, some of which were pushed
i up to their highest prices in two years j
jor more. Low call money rates and i
! the vast supply of funds available for
j loaning purposes materially assisted
! speculators for the advance in boost
ing the prices for their favorites.
The definite announcement tiiat the
French would invade the Ruhr caused
a flurry of speculative selling in the
middle of the week, but these offer
ings were well absorbed and the up
ward movement was resumed. Trad
ers generally derived a feeling of con
fidence from the strength of the for
eign exchanges, which are widely re
garded as a fairly accurate barometer
of European banking opinion on con
ditions abroad.
Stocks Score Big Galas.
California Petroleum was one of the
most popular stocks this week, reach
ing the highest price ever recorded
In the history of the company on ru
mors of buying by new interests and
its possible acquisition by another of
the large companies. Other shares
which moved Into new high ground
on the present bull movement were
Postum Cereal, Hartmann Corpora
tion. Cosden, Nash Motors, Beechnut
Packing and Owens Bottle.
Reduction of 84,539 tons in the un
filled orders of the United States
Steel Corporation on December 31
was not wholly unexpected, because
December is normally a dull month
in the industry and consumers seldom ]
care to add lo their inventories |
toward the end of the year. Copper !
shares were inclined to weakness on the
theory that the French occupation of
the German industrial centers would
further restrict European demand for
the product, the price of which has
recently become stabilized Just below
15 cents a pound.
November export figures, * which
were published during the week, re
flected the crop shortage in Europe
And revealed possible reasons for the
depreciation in some of the European
exchanges. Ordinarily Europe's crop
requirements in the United States are
filled before November, the exports
for that month in 1921 being $43,000,-
000 less than the month before.
November, however, they increased
$9,700,000 over the previous month’s
total and $62,400,000 over November,
1921.
Shipments to Prance last November
were the largest of any month since
January, 1921, and $12,600,000 over No
vember, 1921, a percentage increase
of approximately 65 per cent. Heavy
sales of FYench exchange through
drafts on Paris to pay for goods pur
chased here undoubtedly were a con
tributing factor to the weakness dis
played In recent weeks by French
remittances, which also have been
heavily sold by speculators on the
unfavorable reparations develop
ments
Debt Progress Factor.
German exchange dropped so low
that marks were quoted at 92-lOOths
of a cent a hundred. French ex
change got down slightly below 6.70
cents, but rallied later to more than
7 cents. Demand sterling came within
a small fraction/ of $4.68, or almost
within a cent of its .recent top price.
Satisfactory progress of the British
war dtbt-refundlng negotiations was
a sentimental factor, as was the Brit
ish foreign trade statement for De
cember. showing a heavy increase in
exports, which was construed as in
dicating a revival of .trade conditions.
BAR SILVER PRICES.
LONDON. January 13;—Bar silver,
sl% pence per ounce. Money, 1(4 per I
cent. Discount rates —Short bills, 2%
a2 (4 per cent; three-mo nth bills. 2
5-16 per cent.
NEW YORK, January 12.—Foreign
bar silver, «(4; Mexican dollars..
60%.
| ON NEW YORK BONDS STOCK EXCHANGE]
Received by Private Wire Direct to The Star Office.
UNITED STATES BONDS.
Sale*
($1,000). High. Row. Cloae.
Liberty 8(45... 186 101 ll 10106 10112
Liberty 2d 4s. .. I 98 36 98 36 98 36
Liberty Ist 414■ 62 98 84 98 70 98 10
Liberty 2d 4(4*. 150 88 38 98 20 88 82
Liberty 3d 4%a. 902 9H 94 988! i‘B9!
Liberty 4th 4(4* 3.3 9886 98 54 98*6
Victory 4% S’2B 45 100 24 100 20 100 20
US 4(4s 19 53. .. 276 90 93 9992 9996
FOREIGN GOVERNMENT, STATE
AND MUNICIPAL,
sale*
(SI.OOOI. High. Low. Clo*«.
1 Argentine 7s 51 101% 101 V» 101%
| Belgium 7(4s 8 99% 99% f9(i
| Belgium 6s 4 96% 86% 965*
j Belgium 8s 27 98% 98% 98%
i Bern 8s 1 Hl% 111% 111(4
I Bolivia 8s I 93% 93% '-3'4
j Bordeaux 6s ll 77 76'/i 76%
j Brazil 7s 21 85 £4 "i *4%
I Brazil 8s 26 98% 984# 9*%
j Brazil 7(Ba t 97% P7»s
i Canada Ss 1926 2 100% 100(4 I'•’%
{ Canada 6(4s 1929... 20 102*4 F’2 WJ%
j Canada 5s 1931 9 109% iCO !00
; <'a nada 5s 1952 211 99% ®9Vii ®®%
Chile 83 1948 2 403 103 103
Chile 8s 19 2 6 1 102 10’ 102
Chile 8s 1941 7 103 MfcH 1(8*6
Chinese Govt Ry ss. 1 61% 61% 61(4
Christiania 8s 1 109 109 109
Copenhagen 5(45... 5 91(4 91(4 91%
Czechoslovakia Bs.. "6 88 87 87
Denmark 85.... f ... 29 109(4 109 109
Denmark 65....... . 3 98% 98(4 ®B%
Dutch East I 65’47.. 16 93% 9*% 9**4
Dutch East I6s ’62.. ;« 93(4 03
French Govt 8* 44 96 95% ®5%
French Govt 7V4S. . .147 S 3 92% 52%
Haiti 6s ctfs 20 96(4 96 96%
Japanese Ist 4(45. .. 8 93% 93% 93%
Japanese 2d 4Va8.... 1 93(4 93% 93(4
Japanese 4s 2 81% 81% 81%
Lyons «s 10 77% 77% 77%
Marseilles 6e 8 77 77 77
Mexico 5a 12 5!'4 61% 51%
Mexico 4 s 3 86% 25% 35%
Monlevideo 7s 6 91% 91% 91%
i Netherlands 6s 61 99 98% 9t"4
Norway 8s 4 111(4 111 11,1/4
Norway 6s Ctfs 5 99% 99% 90%
Prague 7 (4s 14 72% 72% 72%
Queensland 7s * 4 108% 108% 108%
Rio de Jan 8s 1946.. 7 96% 96% 96%
Rio de Jan 8s 1947.. 2 96% 98% 96%
Rio Grde Do Sul Bs.. 3 98% 98% 98%
Hao Paulo, City, Bs. .. 10 99 99 99
Sao Paulo, State. 8«.. 8 99 98% 99
Seine, Dept of. 7s 10 86% 84% 84%
Serbs Crotes Slov Bs.. 40 64 63 63%
Swiss Confed s f 85... 4 118% lIBH 118%
Ud Kingdom 5%5’29. f 6 116 115 115
Ud Kingdom s (*s *37 .83 103% 108(4 103%
Uruguay Ss 1946 6 106% 1054* 105%
MISCELLANEOUS.
Ajax Rubber 8a 6 96% 96% 96%
Am Agri Chem 7 %e.. 8 103% 103% 102%
Am Smelt * R Ist ss. 11 92% 92 92%
Atn Sugar Ref 6s. ... 17 IDS'* 103% 103%
Am Tel & Tel cv 65... 4 116 116 116
IAmT&TcI tr 5s 21 91% 98% 99%
I Arn T& Tel tr 4s 16 92 % 92% 92'*
| Anton Jergens cv 65.. 1 80% 80% 80%
! Armour &Co 4 (38.... 9 88% 88% (8%
! Atlantic Refining 55.. 1 98% OS"* 99%
i Bell Tele Pa 7s 64 107% 107% 107%
Bethlehem Steel rs 5s 1 96 16% 95(4
Beth’em Steel pm ss. 14 93% 93 93
•Beth’em Steel s f 65.. 9 99* i 99% 99%
Brier Hill St Ist 5%5. 6 96% S€% 96%
Bklyn Edison 7s D... 4 108% 108 108
Bklyn Edison gen 6a. 3 97% 96% 96%
Central Leather 55... 2 99 98% 99
Cerro de Pasco 85.... 14 135% 138% 133%
Chile Copper 6s 83 98% 98% 98(4
Chile Copper 7s 2i6. 119 116% 116%
Comp-Tab-Rec 6s ’4l 6 98 97% 67%
Con Coal Md Ist 55... 3 89% 89% 89%
Cuba Cane Scv d Bs.. 12 92% 92 92%
Det Edison ref 65.... 3 103(4 103% 103%
Du Pont de Nem 7 (is I 108(4 108% 108(4
Duquesne Light 7 (is. 1 107 107 107
Duquesne Light 6s. .. 1 103% 1C3% 103%
East Cuba Sug 7 (is.. 2 96(4 96 % 96%
Empire F& O 7(i5... 6 94% 94% 94%
Fisk Rubber 8s 7 108% 108% 108%
Gen Electric deb 65.. 6 105% 105 105
Gen Electric deb 5a.. 2 102% 101% 101%
Gen Refractories 65.. I 101 101 101
Goodrich (B F) 6 Vis. 23 101% 101% 101%
Goodyear Tire Ss’3l. 14 100% ICO 100%
1 Goodyear Tire Bs’4l. 5 115% 115 116
Holland-Amer s f Ss. 24 01% 91% 91%
Humble Oil & R 5%5. 21 99 98% 99
Indiana Steel 5s 15 101% 100% ICO%
Inter Mer Maxine 65., 4 90% 90 90%
Inter Paper Ist 5s 8.. 14 86% 86% 86%
Julius Kayser s f 75.. 4 106 106 106
Kelly-Sprlngfleld Ss.. 10 108% 108% 108%
Liggett & Myers 55... 4 97% 97% 07%
Liggett & Myers 75... 2 116 116 116
Lori I lard (P) Bs X 96% 96% 964*
Magma Copper cv 7s. 2 116% 116% 115%
Manatl Sugar ef7(4« S 98% 98% 98%
Marland Oil 7%s 2 103 ICS 103
Midvale Steel 5s U 89% 89% 89H
Montana Power 55... 10 98% 98% 98%
j Morris &Co Ist 4 %s. 1 86% 86% 86%
! National Tube Ist ss. 2 100% 100% 100’’*
New England Tel ss. 27 99% 99% 99%
N T Edison Ist 6(is.. 3 110% 110% 110%
New York Tel 65’41.. 7 106% 106% 106%
New York Tel 4%5. .. 1 98% 93% 9ST4
North Am Edison 6s. 21 96 95% 95%
North States Pow ss. 1 92% 92% 92%
Northwst Bell Tel 7s. 29 108 107% 108
Otis Steel 7%s 2 93 93. 93
Pacific Gas &El 55.. 7 02% 92V4 92%
Pac Tel & Tel 5s ’52.. 12 9144 91% 91%
Packard Motor 85.... 2 108 107% 107%
Phila Co ref 6s A...., 2 101 100% 101
Producers* Ref Bs.. 6 108(4 10TH 107%
Producers *Rf 8s w., 1 125 126 126
Public Service 6s 1 84% B*% £4%
Sinclair Oil 7s 9 101(4 161 101(4
Sin Crude Oil 5 (is... 9 98% 964* 98%
Sinclair Pipe Line ss. SO 88% 88 83
Steel* Tube 7s. ..... 8 106 105 105
Tide Water Oil 6 %s.. 8 103(4 103 103(4
Tobacco Prod s f 75.. I 104 104 104
Toledo Edison Ist 7s. 6 107% 107% 107%
Union Bag &P 65,... 2 99 96% 98%
Union Tank Car 7a... 8 104 104 104
United Drug cv 85.... 7 118% 112% 113(4
U S Rubber Ist rs 55.. 41 88% 88% 68%
US Rubber 7(48 3 108% 108 108
US Steel sfßs 81 1034* 103% 108%
Utah Power &Lt 55.. X 91% 91% 91%
Va-Car Chemical Js.. 2 97% 97% 97%
Va-CarChem 7%s w. 1 98% 93% 93%
Warner Sugar 7s. ... 2 106 106% 108
j Western Union 6(is.. 14 110% 110(4 110%
i Wickwire Spencer 7b. 4 98 97% 98
Wilson &Co Ist 65... 8 102 101% 102
Wilson &Cocv 7 %s.. 7 103% 103 103%
Winchester Anis 7 (is 7 103% 102 103(4
EXPORTSOFCORN GAIN
40 PER CENT IN YEAR
Shipments to Enrope Greater Than
for Any Twelve Months
Since 1006.
Exports of corn from the United
States during the cereal year ending
November 1. 1922, were 40 per cent
greater than for the twelve months
preceding, according to returns to the
Department of Commerce. Shipments
to Europe were greater than for any
twelve months since 1906.
Shipments to the United Kingdom.
Germany, the Netherlands and Bel
gium all showed sharp increases over
the previous year.
Prance, which In 1920-21 took only
406,000 bushels, re-entered the Amer
ican corn market in 1921-22 and pur
chased 3,632,000 bushels.
The shipments in bushels to the
othdr countries Ift 1931-22, as com
pared with the last preceding cereal
year. Included United Kingdom. 27,-
873.000, against 13,493,000; Germany,
30,530,000* against 12,560,000; the
Netherlands, 5,032,000, against i,753,-
.000; Belgium. 5,122.000, against 1,-
193,000; Italy, 9,260,000. against 28,-
000; Spain. 2,426.000, agglnpt 12,000;
Denmark, 6,316,000, against- 5,539,000;
Norway. 1,247,000, against 93,000.
Decreases were shown, In the ex
ports to Canada and Mex 100, bat the
figures were not sufficiently complete
to nermlt an analysis of the cause.
RAILROADS. i
Hale* ’• 1
($1,000). High. D>w Clow
Ann Arbor 4s j 65 . 6.(4 65% j
Atchison gen 4s 1 89% 83% 89%
Atchison adj 4s 7 82% 82% 82%
Atlantic C L Ist 45.. 3 99% 9 % w>% |
Atlantic C Lcol 45.. I 82% 82% 62(4 |
B* O t»r In 3%5.... 19 94% 94% ‘4%
B& O gold 48.. v .. ,• 14 78% 7914, 78% I
B&O 6s 6 101 % 101% 101%
B*O CV 4 (£.B 23 79% 79%
B& O ref 5s ii 84% >4 94%
B&OPLESWVii, 7 76% 76% 76%
B*OSW di v 3 (£s.. 9 <2 92 f-2
[ Bhiyn KT 7a ’21.... is 91 90% 91
Bklyn D T 7s’2l ctfs 19 91% 9:)% 91%
Bkl It T 7’21 ct sta.. |0 68 97% 99
, Buff R & Pitta 4 (£B. 5 9!% 91% 91%
< j Canadian North 75... 13 113% nx% 113%
> Canadian North 6% s, 12 111 '■■■', 111% 111%
1 Canadian Pac deb 4a. 22 79*% 79^
1 Car Clinch & Ohio i#H. ft 9p..‘ 91*
1 Central Pacific 4s 14 66% >6% m% j
t lies & Ohio cv 5p... . m 9514 941% 94** j
’ %J>es * Onio <iv 4 %s, .11 t-9-% 96’ -j *B% !
‘ Ghes & Ohio gn 4 . 5
Chi * Alton 3%s 6 27 *6% ■6% I
rhl a £ <: V; B i t . rfr,s ••• 2 m ' /a
Chi & Ehst Hi gn ss;. 11 go 79% 80
*/» at WeS * <a -•• 10 fO% !0% 50%
IGh 155 f Prf 4> ' jS - 14 57 '“
> Chi M*St Pcv ss. ~ 9 *514 fg .5
. Chi A D <S ,925 ‘ ' 761/ * 761/4 7G '= !
p Mt f: Bcv4%s. T 63% 83% 63% I
ChJM * fct P4sl9 34 . 5 72% 72 72
£« 3 ?£ etP « n4 * B - 10 81 81 81
1 6314 f3 ’' « 3 ’ 4
. , f .U-D N ] V6%S 10 110% 110% 110%
i ChißysSs 1 78 ro 7g
‘ Chi C 1 £ P h C rs 4H ’ ’' 26 82 4 81,1 81N I
, roll Vr o tat 0,1 4iS - ■ 1 m '* 9,,/ « nV *
1 Chi * wfr ta V° n 61/4 ■' 1 ,IS 115 U 5
. rr'A\ l ? d ™ n 4 * - 20 75 ' 4 ‘* v * 76%
8 k'l% 101 % 101%
Cleveland Term 5%5. D 106% 105% 106%
, Colo & Southern 4%s 6 87 87 87
Den & Rio G con 45... 4 75 7g 75
' ** G lßt rs •?6 56% . 66% 66%
Erie m con 4s 3 M 561 <, £6
1 Pr ! 2°" ? Xt 78 2! «M% 104% 104%
1 £ r ! e FPnts 5 44 43H m
‘ Erie con v4s A 5 44 41 44
; G *; T ™lllksfdeb6s.. 6 104% 104% 104%
orth Ben 7s -•• 9 110 % U‘% 110%
t Great North gen 5 %s. 4 102% 102% 102%
’ Ls,a ana r R w L&PSS 1 83% 83% 83%
It H=° n t« anrefs8 ’ 4 >,4,, ’ 84% £4%
111 <S 3 871/4 87 87%
Trt..o " S 6 102 i» 102 '“ 102%
1 J ! Rap Transit ss. 8 70% 70% 70%
1 Inter R Transit 75.., 5 93 }2 t. -»
> Int&GrNoraJ 65.... is 44% 44% 44%
lowa Centra! ref 45... 8 38 :s sg
1 Kansas City Ft S 45.. I 79% 79% 79%
i Kansas City Sou 35... 1 691% fgi, ggij
Kansas City Sou 55.. is 87% g?% 87’i
Kansas City Term 4s. 5 82% avii
1 K l \” r^ 4slr ’ 31 ’ 16 93 93
i a , cn * a 2003 4 81% 81% 81%
. Bohigh Vailey 6s 33 104% 104% 104%
Louis * Nash 5 (is... io 104% 104% 104%
> -Manhattan Ry cn 4s. 5 61 ro*:> 1
: iSEteS::; 7 8 St Z" SSI
1 T,'* 'Zi T
• MK*TprlnssA... 3 82 lv\
• Mo K ptcTfi ad fia sß 3J 6tf * 4 6s ' V * 69%
.Mo Pacific gn 45.. is f. *
1 ** !U
Mich C Ce n nDi, d d e ebL:;l
N T Central r 1 5a.... *2 97%
New Haven cv deb «».u tT tou V?
I New Haven 7a 4 78 n
1 V C V«f a ?’ e c Tß / rarlC8 ’ 10 6664 66(4 66%
1 NVW«rfl*D 454 f 3 66 4 66 66%
®st & Boe 4 21 48 47 47
1 Norfolk & West cv 6s 1 11214 11214 11214
- Northern Pacific 35.. } «% "f%
1 Northern Pacific 4s. „ a geu tlv
North p ac ref lm 65.. 7 109 108% icg^g
Northern Pacific 55.. 30 99% 99% m>4
1 Ore* Calif Ist 5s s 99% «i‘ w!
1 re re * ... 24 92* § r 2*i
- Ore-Wash Ist ref 45.. 26 «% H%
Pans-Lyons-Med 65.. 23 71% ivl -,r
' Pennsylvania gen ss. 16 101% 10 % 10 %
. Benns-v gen 4%s 6 92% 92% 92%
J enns.vlvania - nm
‘ Pere n M ,Van i a^° ,d ?S - 3 110% RO%
Pere Marq Ist os. . i 971,. c 6 4 t l7^
1 Bere Marq Ist 45’56.. 2 82 g>
Reading gen 4s J 5 M .is gg
. Pi°Swu t<B '' 7 66,4 6614
1 RlArk &L4(aS...... 9 80% 80 go
•StL*SFpr In 4s A. 7 70 69(4 70U
StL&SFprlnos... 2 m%
StL&SFlncSs 2 69% 59% f9 i 4
■ StL&SF 5(i5D.... 2 gtj ”2
StL&SFadJ6B 6 77% 76% 7 7
1 St L&BFprln 6s C. 9 99% 9«% 99*4
• St LS Wirt 4s 17 771. ™
1 San A & Ark Pass 4s. 1 75 75 75 *
Seaboard AL 4s sta.. 3 62% 62% 5014
' Seaboard A L ref 4 s.. 56 40% 39", 40
1 Seaboard A L adj 55.. 5 25 ;e 6
’ Seaboard A Leon 65.. 5 60 69G ruj* !
1 Sou Pacific cv 4s g 92 s<1 t , j
' Sou Pacific ref 4 s 20 88 87% *7%
' Sou Pacific clt 4s 2 84'/, 841* 841.4
' Southern Ry Irt 5s ... 19 47% . 6 . t< 9 -i^
’ Southern Ry gen 45., 47 68% 68% «%
1 Southern Ry dev 6(is 14 101% 101% 101%
1 Sou Ry Mobile &O 4s 8 77% 77% 77%
Third Ave ref 4s 1 60 % gQi^
Third Ave adj 5s 12 68% 68% ;8%
' Union Pacific Ist 45.. 9 92 9194 9J&4
1 Un Pacific Ist ref 45.. 2 85% 86% 86%
Union Pacific cv 4s. 8 96% 96% 95%
Un Jon Pacific cv 65... 8 |04% 101% 104%
1 Wabash Ist 5s 1 gg 98 9g
Wabash 2d 5s i 39% g9ii g9H
' Western Pacific as... 7 88 82% g 3
i West Shore Ist 4« 28 88% 82% 83%
Wheel* LE con 45.. 3 64 68% 63%
Wheel &L E ref 4%s 10 62 62 6°
Wisconsin Ct gen 4s. 16 80 80 go
i •
SHOKT-TEEM SECURITIES.
1 (Quotations fornished by Redmond * Co.)
1 I—Cloae1—Cloae
k Aluminum Co. of Amer. 7* 1923. l«i% 1*03%
. Aluminum Co. of Amer. 7* 1933. 105% lOfit.
American Cotton Oil 6s 1924.... »6% 97^
American Sugar 6« 1937 103 10«%
1 American Tel. & Tel. 6* 1924.. 101 101%
! American Tel. & Tel. 6« 1925.. 116 n»u i
, Anaconda Copper 6* 1929 101% 101% I
Anaconda Copper 7» 1929 li>3% 104% i
1 Anglo-American Oil 7%s 1925... K>3% 10314 i
Armour * Co. 7a 1930 106A 105% !
k Bethlehem Steel 7s 1923 105% 105% i
Canadian Pacific 6s 1924 101% 101%
Central Leather 5« 1925 99% 901* !
C., C.. C. A Bt. L. tis 1929 101% J 01.! 1
! I>n Pont <%s 1931 108% 108%
i Goodyear T. AK. 8s 1931 99s’ 100%
Great Northern 7a 1936 110% 110**
Hocking Valley 8s 1924 100% inoii
Humble Oil 5%s 1932 99% 90'*
Kansas City Term. 6a 1923 100% 101
Kennecott Copper 7* 1980 106% 105%
Libby, McNeil A Libby 7s 1931.. 99% 100%
M , Bt. P. AS.S. M. 6%a 1931. 104% 106%
Morris A Co. 7%s 1930 106% 106%
1 Penns. R. R. 7s 1930 110% 110%
St. Paul Union Depot 5%s 1923.. 100% 100%
Sears, Roebuck A Co. 7s 1923.. 101% 101%
1 Southwestern Bell 7s 1925 102% 102*1
Standard Oil of Calif. 7s 1881.. 105 106%
Tidewater Oil 6%s 1931 102% 103%
Union Tank Car 7s 1930 103% 104
Vacuum Oil 7s 1936 107% 107%
Western Union 6%s 1938 ... no 110%
Westlnghouse E. AM. 7s 1931.. 107% 108%
Copper Export “A” 8s 1924, called for pay
ment at 101, February 15.
Copper Export "A” 8s 1925, called for pay
ment at 102, February 15.
FOREIGN EXCHANGE.
(Quotations furnished by W. B. Hibbs A Co.)
Nominal Selling cheeks,
gold value. today,l2;oom.
I London, pound 4.8665 4.67%
Montreal, d011ar...... 1.00 .9950
1 Brussels, franc 103 .0635
I Berlin, mark .238 .00095
, Rome, 1ira.....,, .193 .0495
Zurich, franc i,... .193 .1892
Athens, drachma 193 .0125
Madrid, pe5eta....,,.. .193 .1575
' Vienna, crown....*•••• .2026 . .000015
Budapest, crown .2020 .0004%
. Prague, crown. 2026 . 0290
Warsaw, mark... -. >. .238 . 000050
Copenhagen, crown 268 .2026
. Christiania, crown 268 .1870
Stockholm, crown .268 . 2693
Paris, franc -193 . 0695
By the Associated Press.
NEW YORK. January 13.—Foreign
_ exchanges easier. Great Britain, dc
| mand, 4.67(4: cables, 4.67; sixty
day bills on. banks, 4.65(*. France,
demand, .0694; cables, .0695. Italy,
[ demand, .0494; cables, .0494 (£. Bel
gium, demand, .08*3; cables, .0633(£.
Germany, demand, .000095; cables,
000096. Holland, demand, .3960; ca
• bles, .3963. Norway, demand, .1865.
; Sweden, demand. .2689., Denmark, de
-1 mand, .1997. Switzerland, demand,
1867. Spain, demand, .1570. Greece,
demand. .0125. Poland, demand,
i .000049. Czechoslovakia, demand,
.0299. Argentine, demand. .8776. Bra
ail, demand, .1162. Montreal. .99 (fa.
FINAN C T A L.
! Grain, Produce and|
Live Slock
| LOCAL WHOLESALE MARKET, j
j I'lggs—Strictly fresh, selected candled, j
i P f *r dozen. 42; average receipts. 49; j
I southern. 40. Cold storage eggs. 2S. j
. Civ« poultry—Roosters, per lb.. 15: |
1 turkeys, per lb.. 35a40; spring chlck
; ciik. per lb.. 20; keats, young, each,
i 60: fowls, each. 25.
Dressed poultry—Fresh-killed spring
chickens. p,. r lb.. 35a38; hens, per lb..
2ia2S; roosters, per lb., lit; turkeys,
per lb., 40a45; keats, young, each,
70080.
Live slock—Calves, choice, per lb..
14; medium, per lb., ISaISVi; thin, per
b. Ca!t. l.ambs, choice, per lb., 18:
live pigs, s.OOaS.OO each: live hogs,
per lb., 9%.
_Green fruits—Apples, per bbl.. 1-75
VrT' No. t, p.r bbl.. 6.00a
I J'?* California oranges, per crate.
j.OOaS.OO; Florida. 4.00a5.00. Lemons,
pgr box. 3.5(Ja4.50. Grapefruit. 3.00a
4.00. Tangerines. 3.50a4.50.
Vegetables—Potatoes, per bbl.. So.
!. 1.50a2.00; per sack. 2.00a2.25; No.
2. OOaI.OO. Sweet potatoes. North
Carolina. 7,5a1.50; nearby, 2.00a2.50.
Lettuce, per crate, southern, 2.00a
! 3.00. Homalne lettuce, per crate, 50a
: 1.25. Iceberg lettuce, per crate. 4.25a
1 4.50. Cabbage, northern. 1.75a2.00 per
I 100 lbs.; nearby cabbage, per bbl.,
i 1.25a".25; southern, 2.00a2.25 per basket,
I Eggplants, per crate, 2.50a5.00. Toma
| toes, per box. Florida. 2.50a5.00. Beans.
. 2.00a4.00 per basket. Peas, 3.00a5.00 per
basket. Peppers, pe r crate, Florida,
2.50a3.50. Kale, per barrel. 1.25a1.75.
Spinach, per barrel, 2.09a2.75. Celery,
per dozen, 1.0Qa1.25; California, per
crate, 8.00a8.50. California grapes, per
crate, 3.00a4.00.
GRAIN AM) PROVISIONS.
BALTIMORE, January 13 (Special).
—Potatoes, white, 150 pounds. 90a2.15;
sweets, barrel. 75a2.00; bushel, 25a65;
jams, barrel. I.OOal.OO; bushel, 40a60.
Beans, bushel. 3.00a4.50. Beets, bushel.
75a85. Broccoli, bushel, 20a25. Brussels
sproutes. quart. 20a25. Cabbage, ton.
20.00a25.00; Savoy, bushel. 75a1.00,
Carrots, basket, 54a65. Cauliflower,
crate. 1.50a2.00. Celery, 100, 6.00a8.00.
Cucumbers, crate, 3.00a6.00. Egg
plants, crate. 4.00a6.00. Horseradish,
bushel, 3.00a1.00. Kale, bushel, 20a25. )
Lettuce, basket. 2.50a3.75. Onions, 100 |
pounds. 1.50a3.25. Oyster plants. 100, j
4.00a8.00. I’arsnips. bushel, 1.20a1.25.
Peas, bushel. 3.00a4.00. Peppers,
crate, 1.5rta3.00. Spinach, bushel, 60a
90 Squash, crate, 3.00a4.00. Tomatoes,
crate, 2.50a5.00. Turnips, bushel,
60a70.
Apples, packed, barrel, 2.00a5.00;
bushel. 50a1.50; loose. 100 pounds. 1.25
a1.50; basket. 50a60. Cranberries, bar
rel. 10.00a12.00. Grapefruit. box,
2.75a4,00. Oranges, box. 3.25a4,50.
Strawberries, quart, 40a50. Tanger
ines, one-half strap. 2.00a3.0<*.
Celling Prices at 12:30.
Wheat —No. 1 red winter, spot, no
quotations: No. 2 red winter, spot,
1.34; No. 3 red winter, 'spot, no quota-
I tions; No. 2 red winter, garlicky, 1.33;
No. 3 red winter, garlicky, no quota
tions; January, 1.33.
Sales —None.
Corn—Cob corn. new. 4.00 per bar
rel; contract, spot, 83% per bushel;
No. 2 corn, spot, 85% : No. 4. no quota
tions; track corn, yellow. No. 3, new
or better. 87 per bushel.
Sales —None.
Oats—White, No. 2, 54*» per bushel
asked; No. 3. 54.
Rye—Nearby. 55a95 per bushel; No.
2 western export, spot, 99% per
bushel: No. 3. no quotations.
Hay—Receipts. 13 tons; market for
top grade of timothy and light clover
mixed, 16.00a20.00 per ton, and for
good mixed, 16.00a17.50.
Straw—No. 1 tangled rye, 15.00a
36.00; No. 1 wheat, ll.00al2.00; No. 1
oat. nominal, 12.00a13.00.
TODAY’S CHICAGO PRICES.
CHICAGO, January 13.—General
commission house selling carried the
wheat market downward today dur
ing the early dealings. Buying lacked
volume until prices had fallen 1 cent
or more a bushel. Bears put stress
on an opinion from a leading au-.
thorlty that the world's visible supply
of wheat at the present time is very
large and that supplies exceed re
quirements by a safe margin. The
opening, which ranged from % to %
lower, with May 1.18% to 1.18% and
July 1.1% to 1.12%. was followed by
further setbacks and then a slight
rally.
Corn and oats were easier with
wheat. After opening unchanged to
% off. May 71% to 72, the corn market
continued to sag.
Oats started at a shade to % de
cline, May 44%a44% to 44%. Addi
tional weakness ensued.
Lower quotations oh hogs had a
bearish effect on provisions.
WHEAT— Open. High. Lew. Close.
May 1,18% 119% 1.17% 1.19
i July 1.12% i.i3% iu% i.i3 <
I September I.oß>i 1.09** 1.05% 1 09%
1 CORN—
May 71*4 .73% ,71*4 .73 i
July 71% .72% .71% .72% i
September 71 % .72% .71% .72% 1
• l ATS—
May 44% ,45% 44% .45%
July 42 .42*3 ,41% .42%
PORK—Nominal.
LARD—
January 11.07 11.12 11.07 11.12
May 11,32 11.40 11 32 11.40
Klßfi
January .... ..... ..... 1097
May .’ 10.80
CHICAGO LIVE STOCK MARKET.
CHICAGO, January 13. —Hogs—Re-
ceipts, 15,000 head; 25 to S 5 lower;
bulk. 140 to 275 pound averages. 8.40
a8.50; top, 8.53; bulk, 225 to 275 pound
butchers, 7.90a8.00; packing sows
mostly around 7.25; desirable pigs.
7.75a8.25; estimated holdover, 16,000.
Heavy hogs, 7.80a8.00; medium, 7.90a
8.25; lights, 8.15&8.55; light lights,
8.15a8.50; packing sows, smooth, 7.25a
7.65; packing sows, rough, 6.90a7.25:
j killing pigs, 7.75a8.25.
Cattle —Receipts, 1.500 head; com
!pared week ago. beef steers, year
j lings. Stockers and feeders, 25 to 50
! higher: mostly 50 up; extreme top ma
; tured steers, 11.85; best loig year
! lings, 11.75: beef cows mostly 26 up;
beef heifers, 50 to 75 higher; spots
more canners, cutters and veal calves
largely steary; bulls, 50 to 75 higher;
week's bulk prices beef steers, 8.25a
10.25; stockers and feeders, 6.50a7.25;
beef cows and heifers. 4.75a7.15; can
ners and cutlers, 2.90a3.65; veal
calves. 10.25a1L00.
Sheep—Receipts, 4,000 head; mostly
direct today. Compared week ago,
bulk wooled lambs, steady to shade
lower; clipped lambs off more; fed
yearling wethers, mostly steady; fat
sheep, 25 to 50 lower; spots, 1.00 low
er: heavy ewes off most; feeders,
strong to 10 higher; week’s extreme
top fat lambs. 15.15 to city butchers;
closing top. 15.00. to packers; bulk
desirable, wooled kind. 14.50 to 14.90;
clipped lambs, 12.25aX2.75; choice 90-
pound fed yearling wethers, 12.75;
heavy fat ewes, 5.50a6.50 mostly;
lightweights up t0_8.50; w-eek’s top
feeding lambs, 14.85.
DAIRY PRODUCTS.
BALTIMORE, January 13 (Special).
Live poultry —Turkeys, pound; 35a
40- old toms, 30; poor and crooked
breasts, 25; spring chickens. 25a26;
poor and leghorns. 20a22; old hens.
23a25; small and leghorns. 20a22; old
roosters. 15; ducks. 23a27; poor and
thin. 20; geese. 21a27; poor and thin,
20; pigeons, pair, 30a38; gulneafowl,
each, 40a70. Dressed poultry—Tur
keys, pound. 35a40; old toms, 30a32;
poor and crooked breasts, 25; chick
ens, 24a27; old roosters, 16; ducks. 25a
30; geese. 24a28; capons, 36a42; small
slips. 30a32. >
Eggs (loss off), native and nearby,
firsts, dozen, 40; southern, 38.
Butter —Creamery, fancy, pound, 55
a56: prints. 55a5-7; nearby creamery,
4riaso; ladles. 35a36; rolls, 33a35; store
packed. 31»32; dairy prints, 34a35; !
process butter. 42a43.
TREASURY CERTIFICATES,
(Quotations furnished by Redmond ACo ) |
R a te— Maturity— Bid- Offer!
s%s March 15. 1923 99 13-16 100
4 U| March 15, 1923 100 100%
3%» June 15. 1923
3%s September 13, 1923... 99% 100
4a December 18, 1923.... 99 15-18 100 1-3 L
6%a June 15,
6%» September 15., 1934... 1019-18 1011*19
4%t March IS. 1925
4%a June 19, 1925 * 100 100 1-18
4%a December 15, 1928.... 99H 00 18-18
♦3i March 16. «S«- —-• 100 13-1*
4*2. S«»U»b»r 15. 1998... 99 99%
, RECORD SHOE YEAR
NOWIN PROSPECT.
1
1
'Four Pairs Planned for '
ery Person in U. S. in
- 1923.
IM .1. If. K0V1.1..
S|h-i in) HispaPh to The Stir . s
NEW YORK. January 13.—The fact
that the ultimate • onsutner contain- ,
plates buying- a now pair of jshni>‘ f
may bo deeply locked in his own .
breast, but ’the retailer knows it, th. •
jobber knows it. the mannfaeturor
knows it. and all are preparing nc-, <
cordlngly.
Everybody in the shoe business,:-
feels better because the range be- „
tween raw hide price and finished' '
leather prices has disappeared.
Packer hides have receded 2'3 to
3Ms cents per pound, or about 12 pet,
cent from their recent high. Texas,-. ■,
steers, native cows, branded cows
country hides have dropped accord,
ingly. The reason is clear.
Tanners have shown that hides
at their recent highs have been '
quoted 60 per cent above the figure*. -
for last March. Since leather price*
have not advanced at a like pace th...
leather consumers have refused t..’ •
follow the market upward The hide
market, therefore, has broken and lias "
revised its subject downward.
Heavy Production Ahead.
The hide and leather markets _
therefore, are now in closer ac res *
than for many months and shoe fa
lories both in New England and " , i
the middle west are working not on
at capacity, but are employing nip Vrc
J. shifts to meet their requirements,.
• The stabilization in the leather trad- _
j has removed the last remaining oh-’"
staele to capacity production in th- .
shoe factories. I
Production figures show that three'
pairs of shoes were made for ever.'.," ■
man. woman and child in the United
States in 1922. They may squeak, bub.
the buyers are not squealing, and four,';..,
pairs are forecast for 1923. -
Never have road building operations
been so heavy in any winter as ai
present. Money in plenty is available
in dozens of states and machinery -
and supplies are in acute demand
this purpose. One of the big ste. !*
companies of Youngstown has he- -*
informed that steel requirements ftc = ■
this purpose will total a greater ton
nage than ever before. i .
Press War on 801 l Weevil.
Under the urge of Dr. Miller Rees
Hutchison, heao of the Cotton (iro'i .
ers - Association, a bill has been ice
troduced into Congress urging lint -r
calcium arsenate. . the main ...
against the boll weevil, be placed on
the free list. The main dependence oil ■
the cotton growers, however, is out.
the increased activities of the smelt tt.
ers of the west, which produce whitec.
arsenic as a by-product, and on th.-fy.
arsenical ores of Utah, which, it iso .
hoped, may he brought to the rescue
of the cotton growers.
OH production has increased in the i
last week in every field in the Unitedr <
States. Experts, in view of the rle
crease of Mexican production and the'
other conditions of the petroleum in*
dustry, predict an immediate ris*e iiC’’
the price of crude oil, led by the ligh
oils of high gasoline content in ever
section except California, xvherc off
set wells have raised production I • ’
a point where further increases arc"
not regarded as likely.
Electrical Concerns Busy. .
The electrical equipment concfp.v. .: r
cannot at present k< ep pace wir;, c«
orders. The Western Electric Cou.-i •'
pany. recognizing that fact. In hr
bought nexv factory sites in the east ‘
but the announcement that the Ncx •
Y’ork Telephone Company alone *
prepared to st»end $55,000,000 dur;n " ’
the current year for extensions art
that the Illinois Telephone Compan;
may duplicate those improvement ,»
have made it doubtful if the elect r;,.- i
cal concerns can fulfill orders will,-VlC
out at least some <i lay. i,
(C’opjrieii'. 19231 *
WALL STREET NOTES. -
Special Dispute), to 3 lie Star. xf
NEW YORK. January 13.—1ie,-.
[bookings at mills are expected x •
| shortly to result in cast-iron pipe pi
{ advances. It i--- expected Hie new lex ■ t’-
I will be $! liirher than the cun* -IT
j Birmingham quotations, which are 1 1 '
a $43 base. **t'*
Stockholders of the Alurttimim Mar
ufacturers’ Corporation will vote shot '.*’-
ly on decreasing the capital stock t »'• v
$4,000,000 preferred and 325,860 share '
no par common stock, by retiring the -
shares owned by the corporation.
For the week ending January 13 there' - '
was shipped from Chicago 38,641.00 c
pounds of fresh and cured meats, com
pared with 03,377,000 pounds a year * .
ago. ** ,
Pierce. Butler & Pierce has declared - '
a dividend of $1 a share on
payable January 10 to stockholders of.;:,
record on that date.
Chicago and Northwestern will spend
$7,000,000 to buy 3,000 freight car
from the American Car and Foundrv„-«-
Company, the General American (Vi 6 * -
Company and the Western Steel Car
Foundry Company. This brings total
expenditures by that company up
$22,000,0tJV) in thirteen months.
» - >
WOOL TREND UPWARD
BOSTON. January 13 (Special t ’
The firm, upward price trend of tie’'
wool market was plainly in evidence
as the week ended. Trading was imt
heavy, but prices were very firm ami ‘
all advances made in various grad*,*
during the week were fully maintain
ed. Carpet wools were especially . .
strong. Half-blood combing was*::,
quoted at $1.25 to $1.30. clean basis '~ .
NEW YORK EGG PRICES.
NEW YORK. January 13. —Eggs!*.* >
unsettled. receipts, 18.264 crates.”..-.-
fresh gathered, extra firsts. 43a46; do. f
first, 42a44; state, nearby and nearby
western henery whites, first to extras,”; ‘
4Sau3; state and nearby gathered"
browns, extras, 50a52. Pacific coast,,-,.,
whites, extras. 62a53; do. firsts to.
extra firsts, 4Saol; refrigerator first.--. ‘
31a32.
CLEARING HOUSE REPORT. £
NEW YORK. January 13.—Ti e •
actual conditions of clearing house
banks and trust companies for th*-
week shows that they hold $5.093.64i> -
in excess of legal requirements. Tlh«v ,
is an increase of $42,106,580.
Istt*
PARIS BOURSE UNSETTLED.
PARIS. January 13.—Prices moved
irregularly on tho bourse today
Three per cent rentes. 58 francs I ,v ; *
centimes. Exchange on London. 6-6i, t V
francs 95 centimea Five per cen<£’ A
loan. 76 francs 20 centimes. The dol v ., .
lar was quoted at 14 francs 27 ccn-~ . ..
times. .a .-7-
LOANS If
If you have money to
invest, we can safely . ;
i place it on gilt-edge first '
D. C. Mortgages. Our ’ .
record of 30 years insures
your protection. Courte-
ous treatment. i
Percy H. Russell Co. :
S.W. Cor. 15th & “K” St*.
** %