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14 i ADVANCING WASHING TON’S INTERESTS WCOMPANY JYS SAVINGS BANK /I- ■ i Guaranty Savings Bank Is > Bought by Continental Trust Company. r By HARRY GUSACK. Purchase of the Guaranty Savings Bank, 1121 Fourteenth street, by the Continental Trust Company was an nounced last night. The trust com pany, it was stated, purchased the assets of the savings bank, has taken over its liabilities, and assumes its deposit liabilities. By agreement between the officers and directors of the two institutions, the deposits of the Guaranty Savings Bank have - been transferred to the books of the Continental Trust Com pany, and beginning today, the busi ness of the savings bank will be con ducted at the trust company. Four teenth and H streets northwest. The savings bank will not be used, be cause both buildings are in the same neighborhood. The Guaranty Savings Bank was opened in April, 1922, and its assets amounted to about $300,000. The ; Continental Trust Company has a surplus of $140,000 and a capital of $1,000,000. Bank Clearings Gain. For the first time annual clear ings of Washington banks will ex ceed the $1,000,000,000 mark. The total for the year up to and in cluding Saturday was $1,098,787,871, and, with $3,500,000 estimated for the closing business day of the year, the final figure will approxi mate $1,102,200,000. This is far in excess of the clearings for any prev ious year. The rapid strides made by local business in the last few years are indicated by the following figures, showing clearing house re ceipts in the District since 1918. 1922, $980,491,620; 1921, $76,405,- f 0«; 1920, $897,109,844; 1919, $814,- 462,041; 1918, $714,890,179. Banks Have Good Year. The closing year was marked by several important financial trans actions which further attest the growing importance of Washington as a banking and investment center. Outstanding among these was the Increase of the capital of Riggs National Bank from $1,000,000 to $2,500,000; the completion of altera tions to its main office at a cost of approximately $500,000, and the opening of its new Park road and Dupont circle bank buildings. In the last year, also, the Ameri can Security and Trust Company opened a new branch at 1140 Fif teenth street northwest, while the Second National and the Franklin National each acquired an outside office. Two other branches, one of * the District National and the other of the Lincoln National are in the process of being equipped. The year stands out as a "branch banking” year as distinguished from a new Lank organizing year, which was characteristic of 1921 and 1920. With the exception of the. Prudential Savings, no new banks were formed in 1923. There has been a disposition in recent months for larger banks to absorb smaller ones, while the smaller ones have manifested a willingness to be absorbed. This tendency in banking activity locally is looked upon as distinctly in favor of the general stability of the banking business. Oil Stocks. | Bid. | Ask. Anglo-Am. Oil Co. new.. 16% 17 Borne-Scrymser Co. ... 145 155 Buckeye Pipe Line Co.. 74 76 . Cheseborough Mfg. Co. .-235 240 Continental Oil Co 42 43 Crescent Pipe Line Co.. 15 17 Cumberland Pipe Line.. 105 107 Eureka Pipe Line 99 100 Galena-Sig. Oil Co. com.. 65% 66% Galena-Sig. Oil Co. pfd.. 107 112 Illinois Pipe Line C 0.... 139 140 Indiana Pipe Line C0....' 86 87 National Transit Co. ... 21 22 N. Y. Transportation Co. 76 78 Northern Pine Line Co.. 90 92 Ohio Oil Co 71 71% Prairie Oil & Gas C 0.... 252 254 Prairie Pipe Line C 0.... 104 106 Solar Refining Co 167 172 Southern Pipe Line Co.. 89 91 South Penn. Oil Co. ... 160 165 S.W. Penn. Pipe Line Co. 80 85 Stand. Oil Co. (1nd.).... 66% 67 Stand. Oil Co. (Kan.).... 45% 46 Stand. Oil Co. (Ky.) 108 110 Stand. Oil Co. (Neb.).... 230 240 Stand. ‘Oil Co. (N. Y.)... 47% 47% Stand. Oil Co. (0hi0).... 308 310 Swan & Finch Co 36 38 Vacuum Oil Co 57% 57% Washington Oil Co 20 22 Penn.-Mex. Fuel 43 | 44 W. B. HIBBS & CO. MEMBERS Uli NEW YORK STOCK EXCHANGE BOSTON STOCK EXCHANGE PHILADELPHIA STOCK EXCHANGE - WASHINGTON STOCK EXCHANGE NEW YORK COTTON EXCHANGE CHICAGO BOARD OF TRADE NEW YORK CURB MARKET I HIBBS BUILDING Illi 725 15th Street Washington, D. C. BUSINESS AND FI N ANGE Local Stocks. * _ SALES. > Lanston Monotype, 5 ©72. Money—Call loans, 5@6 per cent. Public Utility Bonds. | | Am. Tel. & Tel. 4’s 92 %| 92% Am. Tel. & Tel. 4%’5... 104 Am. T. & T. col. tr. s’B. 99 99% . Am. T. &T. conv. 6’5... 118 119 Anacostia & Potomac s’s 86 90 Ana. Pot. guar. 5’5..*.. 86 90 C. & P. Tel. 5’5....—96 97 C. & P. Tel. of Va..„ 93%| 95 Cap. Trac. R. R. s’B 93% 94% City & Suburban..—79% Georgetown Gas Ist s’s. 85 90 Metropolitan R. R. s’s.. 99 100 Potomac Elec. Ist 5’5... 97 Potomac Elec. cons. s’s. 97 Potomac Elec. deb. 6’s.. 99% Potomac Elec. 6’s, ’53... 101%j101% Pot. El. p. gm. & rs. 7’s 106% 107% Wash., Alex. & Mt. V. s’s 35 W., A. & Mt. V. ctf.... 30 W., B. & A. s’s 70 71% Wash. Gas s’s 93% 94% Wash. Gas 6’s 100 100% Wash. Ry. & Elec. 4’s.. 70 70% Miscellaneous Bonds. D. C. Paper Mfg. 6’5.... 80 ...... Riggs Realty s’s (long). 92 Riggs Realty s’s (short) 97 . —.. W. M. Cold Storage s’s. [93 95 Wardman Park Hotel 6’s; 99 %| Public Utility Stocks. | | ♦Am. Tel. & Tel 125 •Capital Traction 95 95% Washington Gas 49 50 •N. & W. Steamboat... 214 220 Wash. Ry. & Elec. Com. 69% Wash. Ry.. & Elec. Pref. 72% 72% Terminal Taxi Com 80 |125 National Bank Stocks. | •Capital Nat. Bank [225 <238 Columbia ■ Nat. Bank.... 230 •Commercial Nat. Bank. 140 150 •District Nat. Bank.... 160 180 •Far. & Meeh. Nat. Bank. . 239 •Federal-Am. Nat. Bank. 193 •Liberty Nat. 8ank,.... 140 •Lincoln Nat. Bank 260 tNat. Metropolitan Bank. 253 Riggs Nat. Bank 293 300 •Second Nat. Bank 158 •Nat. Bank of Wash... 200 |220 Trust Company Stocks. •Am. Security & Trust. .|295 |3lO Continental Trust ...... 86 90 •Merchants* Bank 128 ..... Nat. Savings & Trust.. 365 •Union Trust 158 Wash. Loan & Trust.... 350 Savings Bank Stocks. Commerce & Sav. Bank. 1190 1..... •East Wash. Sav. Bank. 20 •Sec. Sav. & Com. Bank. 275 Seventh St. Sav. Bank.. 175 U. S. Savings Bank.... 300 •Wash. Mechanics’ Bank. 30 [■*... Fire Insurance Stocks. American Fire Ins [2lO Corcoran Fire Ins 120 •Firemen’s Fire 1n5.... 18 Nat. Union Fire Ins.. .| 9 Title Insurance Stocks. | •Columbia Title Ins 7 ; •Real Estate Title 1n5..|125 : Miscellaneous Stocks. | D. C. Paper pfd “75 •Merch. Trans. & Storage. 105 ..... •Mergenthaler Linotype. 150 153 Old Dutch Market com.. 1% 4 OM Dutch Market pfd.., 5 Lanston Mopotype 72 73 •Security Storage 255 • i •Washington Market ... 42 , Yellow Cab 8% ‘Ex. div. tl per cent ex. div. : t 2 per cent ex. div. x 6 per cent ex. div. Oil Stocks. (Purtiiahed by W. B. Hibbn A Co.) Alu. Co. A 7s, 1 1925.... 101% 102 Alum. Co. A, 7s, 1933... 105% 106 Am. Cot. Oil 6s, 1924... 99% 101% A. Su. Tob. Con. 7s, '25. 96% 97 Am. T. &T. 6s, 1924.... 100 100% Am. T. & T. col. 4s, '2B. 92% 92% Am. Thread 6s, ’28..... ,|JOI 102 Anaconda 6s, 1929....... 101% 101% Ana. Copper 6s, 1953... 95% 96 Ana. Copper 7s, ’3B. 97% 98 Ang.-Am. Oil 7%5, ’25.. 101% 101% Armour & Co. 5%s ’25.. 88 88% B. & O. Ry. col. 6s, ’24. .|lOO%lOl B. & O. P. L. 3%5, ’25..1 96% 97 B.&O. S.W. div. 3%5, ’2s| 96% 96% Bell T. of Can. ss, ’25.. 96% 97% Bell T. of Can. 7s, ’25.. 101% 101% Bell T. of Pa. ss, ’48... 98% 98% Beth. Steel 6s, '4B 97% 97% B. C. M. col. tr. 6s, ’31.. 100% 101 Can Nor. Ry. ss, ’25.... 99% 99% Can. Nor. Ry. 5%5, ’24. 100 100% Can. Nor. Ry. 6s, ’24.... 100% 100% Cen. Lea. Ist lien ss, ’25. 94% 94% Cud. Pack. Co. 5%5, ’37. 85% 87 Fed. Sug. ref. 6s, '33... 97% 98 Hock Valley 6s, '24 99% 100% K. C. Term. 6s, '23 99% 100 Kenn. 7s, '3O 103% 104 L. S. & M. S. 4s ’31.... 92%1 92% Nat. Lea. Bs. ’25 97% 98% Oreg. S. L. ref. col. 45... 92% 92% Phila. Co. 6s, ’44........ 99% 99% Sin. Co. pur. s%’s, ’25... 97% 97% Sin. CO. 6s ’26 96% 97% Sloss Sheffield 6s ’29... 96% 97% Solvay B’B, ’27 104 104% So. Pac. con. 4s ’29 92% 92% S. O. N. Y 7s, ’3l 107 108 S. O. N. Y. 6%’s '33.... 105% 106 Swift & Co. s’s ’32 91 91% Un. Pac. con. 4’s ’27 95 96% U. S. Rub. s’s, '47 84% 85 1 Vacuum Oil 7s, ’36..... 10576 106% Westinghouse El. 7s "31. 106% 106% THE WASHINGTON TIMES * * TAe National Daily • • MONDAY, DECEMBER 31, 1923. Today’s Bond Market. Rep. of Argentine 7s, 1927... 100% Austrian Govt. 7s, 1943....—, 86 City of Bordeaux 6s, 1934.... 74 Belgium Govt. 6s, 1925 96% ■ Belgium Govt. 7%5, 1945 97% Belgium Govt. Bs, 1941 97% Rep. of Bolivia Bs, 1947 85% Rep. of Brazil Bs, 1941 « 94% Canadian Railway ss, 1952... 99% Canadian Railway 5%5, 1929.. 100% i Rep. of Cuba ctfs. 5%5, 1953. 91 Czechoslovakia Bs, 1951 94 Dutch East Indies 5%5, 1953 90 Dutch East Indies 6s, 1962... 94% Denmark 6s? 1942 93 < Denmark Bs, 1945 108% 1 French Govt. 7%5, 1941...... 91% : French Govt. Bs, 1945 94% ‘ Japanese 4%5, 1925 93% | U. S. of Mexico 5s sin., 1945.. 45 i Norway ctfs. 1952 92% i City of Prague 7%5, 1952 76% i P.-Lyons-Medit. ctfs. 6s, 1958.. 06% i i Queenland 6s, 1947 100% Dept, of Seine 7s, 1942 80 Kingdom of Serbia Bs, 1962.... 64 Un. K. og Gr. Br. 5%5, 1937.. 99%, Am. Ag. Chem. 7%’s, 1941 .. 97% Am. Smelters s’s, 1947 92 Bky. Edison Co. s’s, 1949... 98 Bush Terminal s’s, 1960 92% Brair Hill Steel s%’s, 1942... 93% Beil Tel of Pa. s’s, 1948 98 Balto- Ohio cv. 4%’s, 1933... 82% Balto-Ohio ss, 1995 . 83% Balto-Ohio 6s, 1929 101% Bethlehem Steel ss, 1936 89% Bethlehem Steel 5%5, 1953*... 88% Balto-Ohio S. W. D. 3%5, ’25. 96% Chic. E. 111. Ry. ss, ’sl 96 Ana. Cop. Min. Co. 6s, ’53.... 95% Rep. of Colombia 6%5, '27.... 94% Sudan Cane cv 7s, 1940 91 Cuban Cane Bs, 1930 97% Chesapeake & Ohio cv 4%, '3O 88% Chesa. & Ohio cv. ss, '46.... 89 Colo. & So. Ry. 4%, 1935 80% Den. & Rio G. R. R. fd. ’55. 39% Donner Steel 7%5, 1942 96% United Drugs 11l Detroit Edison 6s, 1933 104 Empire Gas & Fuel 7%5, '37 90% Eastern Cuba Sugar 7%5, ’37 106 Gr. Bay & West. RR 7s, '36 .106% . Gr. Bay & West. RR 5%5, ’52 96% Central of Ga. Ist ss, ’45... 100% Good Year T. & R. Co. Bs, '4l 114% Goodrich, B. F. 6%5, 1947... 97% 'Hershey Choc. Co. 6s, 1942... 101% Hudson Manhattan ss, 1357. 57% Humble Oil Co. 5%5, 1932.... 98 Uli Cent. Ry. ref 4s, 1955 85 Illinois Bell Tsl. ss, 1936 94% - Inter. Paper Co. Ass, 1947.... 83 Inter. Paper Co. B ss, 1947..-. 83 Inter. R. T. Co. fd ss, 1966... 58jfe Inter. R. T. Co. 6s, 1932 55% Inter. Gt. North, ad 6s, 1952.. 40% : Ajax Rubber Co. Bs, 1935 86% : Julius Kayser 7s, 1942 104% K. Spring. T. &R. Co. Bs, 1931 102 [ K. C. & S. R. R. fd ss, 1950.. 86% ‘ Lack. Steel Co. ss, 1950 96% Leigh Valley 6s, ’29 102% : Manh. Elev. D 4s, 2013 54% Marland Oil Bs, warrants.... 134 Market St. Ry. ss, ’24 94 Mo. K. & Tex. Ry. aj. ss, ’67 52 Mont. Power Co. ss, '43 95% i Mo. Pac. Ry. 4s, '75 51 ] Mo. Pac. 6s, ’49 87% N. & W. Ry. 6s, cv 1929 106% North Amer. Edison 6s, 1952. 91% N. Y., N. H. & H. Ry. 7s. 1945 20% < Northwest Bell Tel. ss, 1952.. 97 i Northern Pacific Ry. 6s, 2047. 102% ( North. States Pow. Co. ss, ’44. 89% N. Y. Tel. 6s, 1941 103% 1 N. Y. Tel. 6s, 1949 106% 1 National Tube Co. ss. 1952... 99% N. Y. Central ss, 2013 95% N. Y. Central 6s, 1935 103% Oregon Washington 4s, 1961.. 79% Otis Steel 7%5, 1947 93 Pennsylvania Ry. 4%5, ’45... 90% Pennsylvania Ry. ss. '6B 99% «i Pennsylvania Ry. 6%5, ’36... 107% Pennsylvania Ry. 7s, ’3O 101% Pac. Gas & Elec. Co. ss, ’42.. 91% 1 Pere Marquette Ry. ss, ’56... 91% Reading Co. 4s, '27 87% ( Chi., R. I. & Pac. ref. 4s, ’34. 73% Rio de Janeiro Bs, 1947 88 Rapid Transit 6s, '6B 70% U. S. Rubber 7%5, '2O 104% Am. Sugar Co. 6s, 1937...... 101 Sea. Airline Co. 6s, 1945 67% Sinclair 7s. 1937 93% St. L. & San F. 5%5, 1945.. 87% St. L. & San F. 4s, 1950.... 65% St. L. & San F. ss, 1938 99% St. L. & San F. Ist 6s, 1960.. 58 St. L. & San F. adj. 6s, 1955. 71% Sinclair P. L. Ctfs. 6s, 1942.. 81% Sou. Rwy. gen. ref. 4s, ’56.. 69% Sou. Rwy. Ist ss, 1994 95% Sou. Rwy. 6%5, 1956 101% St. L. & S. W. R. R. ss, ’52. 76% C., M & St. P. DB 4s, '25.. 68 C., M. & St. P. gen. 4s. 1989.. 69% C., M. & St. P. cv 4%5, ’32.. 55% C„ M. & St. P. fd. 4%5, 2014. 51 C., M. & St. P. cv. ss, 2410.. 56 Steel & Tube of Am. 7s, ’51.. 103% Third Ave. aj. ss, 1960 43% Tenn Power 1947 93% Tidewater Oil 6%5, 1931 102% Utah Power 5s 1944 87% Union Tank Car 7s. 1930.... 92% Western Union 6s 1938 109 Wickwire Spencer 7s ’35.... 74 Western- Pac. ss, 1946 79% Western Shore 6s, 2361 78% Chicago Grain Market. CHICAGO, Dec. 31 .—Grains started higher today. Wheat started % to % cent higher, with offerings limited and scattered buying. Demand led by a house with seaboard connections. Corn started % cent higher for December, despite the big deliveries, and there was commission house buy ing of the deferred futures, which were unchanged to % cent higher. Light receipts, 240 cars, induced scattered buying. Oats started lunchanged to % cent up, with commission house buying and limited offerings. Provisions inactive, with few orders in sight. Opening prices were: Wheat —December $1.02%; May, $1.07%@1.08; July $1.06%©’/,. Corn December, 71 cents; May, 74%©% cents; July, 75%@% cents. i Oats—December, 43%<®% cents; , May, 45% cents; July, 43% cents. Rye—December, 68% cents; May, 1 74% cents. 1 ■ ■ I Liberty Bonds. (Furnished by W. B. Hibbs & Co.) i First 3%5. due 1947 $99.05 First 4%5, 1947 9’8.10 Second 4%5, 1942 98.08 11 Third 4%5, 1928 99.10 1 Fourth 4%5, 1938 98.12 i U. 8. Treas. Certiorates, 1952 99.10 MT ~ =1 HOME FURNITURE j. LOANS REAL ESTATE From SSO to S3OO COMMERCIAL LOAN AND FINANCE CORP. Room 211, 921 15th St. N.W. NEW YORK STOCK EXCHANGE Quotations Received by W. B. Hibbs & Co/ 1:00 Sat. High Low p. m. Close Adv. Rumley. .. 11% 10% 11% 10% Adv. Rumleypf 35% 34% 35% 33% Air Reduction.. 67 67 67 67%' Ajax Rubber... 6% 6% 6% 6% A. Chem & Dye. 71% 69% 71% 70% A.Agr. Chem.. 15% 14%~1b% 13% ! Am.Ag.Ch.pf... 45%£45 45% 44% Am. Bosh 36 36 36 36 i Can 104% 104% 104% 104% i Am. Can pf 109% 1C9% 109% IA. Car&Fdy... 163 163 163 l Am. C. 6p. ct. 10% 10% 10% 10% Am. Chain A... 22% 22% 22% 23% Am. Chicle 17% 17 17% 17% Am. Drug Syn.. 5% 5% 5% Am, H. 4L. pf.. 51% 51 51% 51 Am. In? Corp... 24% 23 24 23% Am. La. F. C 0... 11 iq% h Am. Linseed... 19% 17 19% 17 Am. Loco 75 74% 74% 75 Am. Rad. C 0.... £4 94 94 Am. Sfy Razor. 6% 6% 6% 6% Am. S. & Com... 11% 11 n% 10% Am. Smelting.. 58% 58% 58% 58% Am. Smelt, pf.. 95% 95% Am. Steel Fdy.. 38% 38% 38% 38 Am. Sugar 55% 55% 55% 55% Am. Sug. pfd... 94% 94% 94% 96% Am. Su. T. pf... 14 54 £4 T. 4 T 120% 125 125% 125 Am. Tobac. 8.. 147% 147% 147% 147% Am. Wat. W. 68 65% 65% 65% 66 Am. W001..73% 72 % 73% Am. Wr. P. pf. .2 2 2 2% Am -Zinc z B% 8% 8% 8% Am. Zinc pf..... 27 26 g7 29 Anaconda 36% 35% &% 36 Asso. D. Goods. 79% 79% 79% 78% Assoc. Oil New. 28% 28% 28% 28% Atchison 96% c 6% 96% A.G.&W.I 17% 17 17% 16% Atlantic Fruit. 1% 1% 'l% !% Atl. Coast Line. 114% 114% 114% 112% Atlantic Refg.. 133% 132% 133 131% Auto-K. H 05.... 8% 8% 8% 7 Baldwin Loco.. 125% 124% 124% 124% Balt. & 0hi0.... 59 58% 5t% 58% Barnsdale "A”. 15% 15 15 15% Beechnut 55% 55% 55% 65% Beth. Steel 53% 53% 53% 53% Beth. Steel 75.. 90% 90% £O% 90% Brooklyn Edi... 110 110 110 109% Brook. Marsh. 14% 14% 14% 14 Brook. Man. pf. 48% 4f% 9% 49% BklynUn. Gas. 116% 116% 116% 116 Burns Bros. A.. 103% 101 103 102% Burns Bros. B 24% 24% 24% 23% Butterlck 18% 18% 12% 18% Butte Copper... 5 5 5 5 Butte 4 Sup... 15% 14% 14% 14% Caddo Oil 2 1% 1% ]% Calif Packing.. 82 82 82 80% Calif. Petrol.... 26% 26% 26% 16 Callahan 4% 4% 4% 4% Canadian Pac.. 146% 146% 146% 147 CaseP. Wks... % % % % Cent. Leather.. 12% 12% 12% 12% Cent. Lea. pf.. 38% 37% 37% 37 Cerro de Pasco. 45% 4b% 45% 45% Chandler Motor 66% 65% 66% 67 Ches. 4 0hi0... 71 71 71 70 •Chi. 4 A1t0n.... 3% S% 3% 3% Chi. 4 Alt. pf. 10 10 10 10 C. 4E. 111. R.R. 26 26 26 25% C.4E. Ill2dpf. 48% 48% 48% 49% Chicago Gt. W.. 4 4 4 4 Chi. G. W. pfd.. 10% 10% 10% 10 C., M. 4 St. P... 14 13% 14 13% C..M.45.P. pf.. I 24% 23% 24 23% Chi. 4 N.W...? 51 50% 50% 40% C. 4N. W. pf. IDO 100 100 99% C., R. 1.4 P.... 22% 22% 22% 22 C., R. I. 4P. 6s. 65 64% 65 64% Chile Copper... 27% 27% 27% Chino Copper.. 17% 17% 17% 17% Cluett Peabody 72% 72% '72% 72% Coco Cola .... 77 76% 6% 75 Col. Carbon... 50% 49% 49% 50% Col. Fuel 4 1..., 26% 26 26% 26% Comput. Tab... 95% 94% 94% 96 Congoleum Inc. 45 44% .45 44% Con.Canw. i... 56% 56 56% 56% Con. Gas. new.. 61% 61% 61% 61% Con. Gas. w. 1. 35% 35% 35% 35 Cont. Motors... 6% 6% 6% 6% Con. Tex. Cor.* 6% 6% c% 6% Corn Products.. 155% 154% 154% .55% CosdenCorp.... 36 35% 35% 36 Cosden Co.pf... 92% 92% 92% 92% C. Cigar Corp.. 21 19% 20% 19% Con. Cigar pf... 70 70 70 Crucible Steel.. 67% 67% 67% 67 Cuba Am. Sug.. 33% 33% 33% 33% Cuba C. Sug.... 15 14% 15 15% Cuba C. S. pf... 62% 61 62% 62 Dav’n C’l C 0.... 71% 65% 66% 71 Del. L. & W.... 112 111% 112% 112 Detriot Edison. 105 105 105 Dome Mines.... 19% 19% 19% 19% D. Pdd. Wks.... 131 130 130% 129% Douglas Pectin. 11% 11% 11% 11% Eagle Oil 26% 26% 26% 27 Eastm. Kodak 109 109 109 End. John 65 64% 65 64% Elec. Storage... 60% 60% 60% 60% Emer. Brant... % % % 1 Erie 21% 21% 21% 21% Erie Ist pf 30% 29% 30,% 29% Fam. Players... 71% 70% 71% 70% Fisk Rubber.... 8% 7% 8% 8% Fleish. Y. C 0... 44% 44% 44% 44% Foundation Co. 67% 67% 67% Fre. Tex. Co.. 11% 11% 11% 12 Gen. Asphalt... 41 40% 41 40%' Gen. Asph. pf.. 71% 71% 71% G. A. Tk. Car... 44 44 44 43 Gen. Elec.Spec. 10% 10% 10% 10 Gen. Motors.... 15 14 15 14% Gen. M. db. 6s . 81% 81% 81% Gimbel 8r05... 49% 48% 49 48% Gimbel Bros, pf 99% 99% 99% Glidden C0*..... 8% 8% 8% 8% Goldw.P. cash.. 8% 8 8% 8% Goodrich B. F... 22% 22% 22% 22 Good. F. pf 73 73 73 Goodyear T. pf. 39% 39% 39% 39% Gray & Davis 7% 7% 7% 7% Gt. Nor. Ore... 29 29 29 28% Gt. North, pf... 54% 53% 54% 63% Greene Copper.. 14 14 14 14% Guanto. Sugar.- 77 7 G. M. &N. Ry.. 14 14 14 Gulf State Stl.. 83 83% 83% Hartman new.. 41% 41 41% 40% Hayes Wheel.. 40% 40% 40% 40 Houston Oil. ... 71 79 70 71 Household Pro. 34% 34% 34% 34% Hupp Motor* • 17 15 16%. 15% 1:00 Sat. High Low p. m. Clom Hydraulic S. pf. % X % in. Central... lOIX lOOX lOlJi 101 111. Pr. F. Pd... 103 M 103 M 103 X Ind. Refining.. 5M <X <X Indiaho Rfg.Co, 1X 1X 1X 1X Insp. Copper... 25 24X 25 24 Inland Steel.... 35X 34X 35X 35X Inland Stl. pf... 100 93X 99X Int. R. T. Cqt.. 12 12 12 12 Inter. Agri. pf. 6X 6X 6X 6X In. Co. of Eng.. 24X 24% 24X 24M Inter. Harvest. 77X 77 77% 77% Inter. Nickle... 13X 13X 13X 13X Inter. Paper.. 39 37X 39 J 37% Inv. Oil. 17% 17% 16% 17% Iron Products. 51 50% 51 EC% Iron Prod. ctfs. 49% 49% 49% /49% J. Kayser C 0... 34% 34% 34% 34% Jewel Tea 22% 22% 22% 21% Jones Tea 23% 22% 22% 22% Kan. City 50... 18% 18 18% 17% Kan. & Gulf. % % % Keystone Tire.. 3 -2% 2X 2% Kelly Spg. Tire. 32% 32% 32% 32 Kelly Spg. 83.. 75% 75% 75% Kennecott • 34% 34 35% 33% Lee-Rub. &T... 14 14 14 14 Lehigh Valley.. 59% 59% 59% 59% Lima Loco 67% 66% 66% 66% Loew's (1nc.)... 17% 16% 17% 17% Loft (Inc.) 6% 6% 6% 6% Mclntyre 17% 17% 17% 17% Mach Truck.... 91 90% 90% 90% Magma 0i1.... 31% 30% 31% Mann M. G 30% £0 30 29% Marine 6% 6% 6% 6% Marine pfd 30% 29% 30 29% Market St. Ry.. 10% 10% 10% 12% Mkt.priv.pf... 68% 68% 68% Mart. Par. Co.. 35% 35% 35% 35% Marland 0i1.... 39 37% 37% 38% Max. Mot. A.... 49% 48% 49 49 Max. Mot. C. 8.. 13 13 13 13 May Dept. St... 90% 90% £O% 9C% Mex. Miami Copper.. 21% 21% 21% 21% Midvale Steel.. 28% 28%. 28% 28% Mid States Oil.. 6% 6% 6% 6 M. S. P. &M... 44 44 44 42 Mother Lode... 8 7% 8 8 Mo. Kan & Tex. 12% 12 12% u% M. K.&T. pf. A. 30% 30% 30% 30 Mo. Pacific 10 9% 9% 9Jl| Mo. Pacific pf... 29% £B% 29% 28 Moon Motors... 25% 25% 25% 25% Mont'y Ward... £♦% ; 4>< i4X £4 Mont. Power... 62 61% 62 Munsing-wear.. 35% 35% 35% 35% Nat. Acme 7% 7* 7% Nat. Biscuit.... 51% 51% tl% 52 Na. Cloak & Sul 67% 67% 67% N. &S. pf.. 96% 96% N. Dept. Stores. 40% 40% 40% 41 Nat. En. & St... 40% 39% 39% 40 Nat. Lead 142 142 142 143 Nl. Sup. Del... 68% 66% 68 N. Y.Canners... 25 25 25 Nev. Con. Cop. 11% 11% n% NO.T.&Mex... c 6x c 6¥ N. Y. Airbrake. <O% 40% 40% 41 N. Y. Air Br. A. 4 7 4 7 47 N.Y..NJH.&H.. j 4% 14 % 4M 4 N.Y..0.&W.. 17 17 17 16 * N. Y. 4 St. L.pr 86% £6 £6% 86 North Amer... 22% 22% 22% 22% North Pacific.. 52% 51% 51% 52% Nor. & West... 103% 103% 103% 104 Onyx Hos. pf.. 87 87 87 OrpheumClr... 19 18% 19 18 % tlßSteel 9% 9% 9% 9% Pac. G. &L.... 91% 91% 91 % 33 Pacific Oil Co.. 51 50% 51 51 Packard Moton 12% 12% 12% 12% Pack. Motor, pr 92% 92% 92% Pan. Am. Pet.. 61% 61% 61% 64 Pan.Am.Pet. B. to 59% 59% 61% Par. & Bing 12% 12% Penn.R.R 41 % 41% 41% 42 Pa. Sea. Steel.. 3% 3% 3% 3% Peo. Gas. Chi.. 98 97% 98 97>< PereMarquet.. 41% 41% 41% 4 n% Phil. Mor. Inc.. 21% 20% 21% 20% Philips Pet.... 36% 24% 36% 34% Pierce Arrow.. 9% 9% 9% 8 % Pierce-Ar. pf... 27 27 27 27 PlerceOl l 2% 2% 2% 2% Pitts. W.Va.... 38% 37% 38% 37% PostumCereal. 56% 56% 56% 56% Prod. & Ref.... 41% 38% P.Ser.Cor.N.J.. 42 42 42 41% Pullman P. Cal. 122% 122% 122% 123* Punta Al. Sug.. 57 57 57 57 p u re o*l 24% 23% 24% 24 Ray Con. C. Co. 11 11 u Reading 78 77% 78 77% Read. 2d pf 62% 52% 52% 52% Rep. I. & S 51% 51 51% 51 Rep. I. &S. pf.. 89 88% 88% Replogle Steel.. 11% n n% 10 % R. Dutch N.Y.. 47% 47% 47% 48 Reynolds Spr.., 20% 20% 20% 20% Reyn. Spg.cash. £O% 20% 20% Reynolds Tob.. 73% 73% 73% 73% Sea. A. L 6% 6% 6% Sea. A. L. pf.... 13% 13% 13% 13% St. L. &S. F..., 19% 18% 19% 18% St.L. & S.F. pf.. 43 42% 43 St. L. S. W 33% 32% 33% 32% St.L.&S.W. pf.. 57% 57% 57% 57% Shat. Ariz. Con. 6% 6% 6% 6% Shell T.&T.... 34 34 34 32% Schulte R. 5... 103% 108 108% 107 Seneca Copper. 5% 5% 5% 5% Shell Un. O 17% 36% 17% 17% St. Jos. Lead.,. 22% 22% 22% 23 Simms Pet 11% 11% 11% 11% Simms Co 23% 23% 23% 23% Sinclair 0i1.... 27% 26% 27% 27 Skelly Oil , 25% 25% 25% 25% Sloss Sheffield. 61% 61% 61% 61% Southern Ry... 39 37% 39 37% South. Ry pf... 67% 67 67% 66% South. Pac £7% 87% 67% 67% Spicer Mfg. Co. 16% 16% 16% 15% St. Oil of N.J... 40% 40% 40% 40 St. Oil N. J. pf.. 117 117 117 116% St. Oil of Cal... 64 6:% 64 63% Studebaker.... 106% 106% 106% 107% Sterling Prod.. 60% 60% 60% 61% Stew. Warner.. 90% £O% 90% 90% Stromb- Corp.. 80 80 80 79% Superior 0i1... 2% 2% 2% Submar. Beat.. 11% n% n% 12 Sweets Co 2% 2% 2% 2% Jenn. Cop 9% 9% 9% 9 Texas C 0.44%.44% .43% 44 43% GOOD BUSINESS FOR NEW YEAR FORECAST Financial Editors of U. S. Are Optimistic As They View Trade Conditions. Sound, prosperous conditions, no : boom or inflation, but Increasing ox -1 pansicn in trade and industry, are . among the features expesto! during - 1924 by merchants, manufacturers and heads of financial institutions. This was made clear in an au ’ thoritative survey of the state of opinion concerning the outlook for ; next year wired today to The Wash ington Times by U.e financial editors of lending afternoon newspapers of the country. New York reports sentiment is soEuified for facing the New Year without fear of depresauai, though business men are stih inclined to be cautious. The Pacific coa.,t expects prosper ous months to come, for at Holly wood, near Los Angeles, plans are being made to spend $100,090,000 in 1924 for promoting the moving pic ture industry. San Francisco re ports the oil, lumbtr and agricultural conditions faqt geti i<g-on their feet. Bolton reports New England manufacturers hopeful for the future. Washington, neither an in dustrial nor manufacturing city, is optimistic as surrounding prosperity will be reflected there. By Merryle Stanley Rukeyser, financial editor New York Evening Journal: New Yorkers face the New Year unafraid, foreseeing no depression. Expectations of a rea sonably prosperous year are based on the belief that America is to a large extent self-contained. The standard of living at home is on a higher -plane, making the domes tic market enormous. Prospects for export trade to non-European coun tries seem bettet and experts to Eu rope are believed to be near the bottom. Banking conditions here are sound and the supply of credit is abundant. Business men are still inclined to proceed cautiously. By Frank H. Meloon, financial editor Boston American: Manufac turers in New England are very nearly unanimous in forecasting a good year ahead. None of them looks for a great business boom, however, and the feeling is that we will do well if we run around the figures of prosperity for the last half of the current year. President Howard Coonley, of Woolworth Man ufacturing, head of the Boston chamber of Commerce, thinks the new year will repeat 1923 with greatest activity in the spring. By Stephen P. Toadvine, finan cial editor, Syracuse Telegram: Bus iness in Syracuse and Central New York, as a whole has enjoyed its best year since 1919, while many lines have had the biggest year in history. There is every reason to believe that this prosperity will ex tend into the New Year,” Hurlbut W. Smith, treasurer of the L. S. Smith Typewriter Company, de clared today. Merchants, builders, manufactur ers and bankers expect a continu ance of the good times which have marked 1923 as a. banner year. Many go so far as to predict still better business, while the more con servative except a continuance of the trade which has set many rec ords during the past year. By W. W. Norton, financial edi tor, Detroit Times: Business out look for 1924 unusually bright. Banks have plenty of money. Manu facturers preparing for great ex pansion programs in New Year. Construction broke all records. Motor car makers looking forward to a record year. Commercial and Tex. & Pac 19% 19% 19% 19 Tex.P.Co.&O. 10% 10% 10% 10% Tex. Gul. Sul... 61% 61% 61% 61% Tobacco Prod.. 70 69% 6£% 69% Tob.pf.A SO 89% 89% 89 Third Ave 9% 9% 9% 8% Tidewater Oil.. 122% 122% 122% 122 Timken Rol. B. 39% 39% 3£% 39% Transcon. Oil.. 3% 3% 3% 3% Under’dType.. 40% 39% 40% 39% U. Realty 1m... 103 101% 102% 101% United A110y... 32 30% 32 30% United F00d..., 3% 3% 3% 3% United Fruit... 181 181 181 .LL Bag & Pap. ~65 63 65 62% Union Pacific.. 129% 129 129 129% Union Pac. pf.. 71 71 71 71 U. S. C. I.P 67% 67 67% 67% U.S.C.IJP.pfd.. 85% 65 65% 84% U. S. R.lm. pf.. 105% 105 105% 104 U. R. & In. pf.... 37% 37% 37% U. S. Ind. Alco. 72% 71 72 71% U.S. Rubber... 37% 36% 36% 37% U.S.Rub.lstpf. 89% 88% 89% 88% U.S. Steel 99% 99 99% 99 Utah Sec 16% 16% 16% 16% Vanadium, Inc. 30% 3U% 30% 30% Va.-Car. Chem. 9% 9% 9% 9% Va.-Car. Ch. pf. 33 32% 33 31% Wabash R.R... 10% 10% 10% 10% Wabash pf A... 35% 34% 35% 34% Wald. Sys. new. 15% 15 15% Web. Heilbron.. 16% 16% 16% 15% Wh.&LE 7% 7% 7% 7% Westinghouse.. 60% 60% 60% 62 West. Air Brk.. 83% 83 83 West. Union... 107 107 107 107% Western Md... 9% 9% 9% 9% West. Md. 2d... 17% 16% 17% 16% West. Pacific... 14% 14% 14% 14% White Motor... 55% 55% 55% 55% Willys-Over.... 10% 10% 10% 10% Willys-Over, pf. 83 81% 82% 80% Wilson Co 25% 25% 25% 25% Woolworth..... 782 282 282 Wrigley’s 38% 38% 39% Wright Aero... 13% 13% 13% 13% Youngs. S.&T. 70 68 70 Open How Low Close Money on call.. 6 Stocks sold to — 11a.m. 12 noon. Ip.m. 2 p.m. 277,000 452,200 ~.. Bonds sold to — 11 a. m. 12 noon. Ip. m. 2p. m. 2,279,000 3,924,000 > Curb Stocks. | (Furniahed by W; B. Hibbs » Co.) I Prices at noon: jßid. Ask. 9 Acme Coal 1 I*4 Arkansas Nat. Gas...'.. 4% 5% Borden Co. . 121 % 124 Butte and Western..... 25 30 Candelaria 2 3 Cartb Syndicate .‘ 5% 5% Car Light & Pow f. 2 4 Centrifugal Cast 1r0n... 31 32 Cities Serv. New.. 14% 15 Cities Service Old 141 • 142 i Cities Service pfd 67% 68 | Davis Daly 3% 4 BDubilier 11% 11% I Durant of Del 30% 30% Durant of Indiana 8% 8% Engineers Petroleum... 5 6 Eureka Croesus 11 13 Federal Oil 57 60 > Fortuna Mining 7 8 . Gillette Saf. Razor 278 280 , (lien Alden C0a1....... 76% 77% ' Glen Rock Oil 30 40 f! Goldfield Deep Mines.. 6 7 1 Goldfield Florence 42 44 Goodyear T. & R 18% 9 Gulf Oil of Pa... 60% 60% Heyden Chemical ...... 1% .1 % f Hudson Oil * 5 6 7 Independence Lead .. * . 15 16 Inter. Rubber 3% 3% ; Inter. Pet. New 21 21% . Jerome Verde '... 1% 2 Lyons Pet -.. 38 45 , Mammoth Oil 41 ..... ! Marland Oil of Mex.... 4% 4%- Mason Valley 1% 1% ‘ Mesabi 7si 8% ' Mexico Oil ...;.. 30 35 Mountain Producers.... 18< 18% ' Mutual Oil 13 13% ’ National Tin 12 14 r _New Fiction Pub 1 2 1 Nevada Ophir 7 10 ’ New Cornelia 15% 16*4 : Nipissing Mines 6 6% 1 Ohio Copper 78 81 ; Omar Oil 76 78 1 Pennock Dil . 13 13% ’ Pyrene Mfg. Co 10% 11% ’ Radio Common 4% 4% 1 Radio Preferred 4 ' Reo Motors 17% 17% Salt Creek New 22 22% Sapulpa Common 80 90 » Southern Coal & Iron.. 14 16 5 Stutz Motors 3 9 ! Tidal Osage 7% 9 5 Tonopah Divide 37 40 ' Tonopah Extension..... 1% -1% * United Eastern .... 91- 94 > United Profit Sharing.. 7% 7% 8 United Shoe Mach 33 34% 1 Un. Shoe Mach. pfd.... 2i\ 27 - United Verde 27 27% " United Retail Candy... 5 5% ' Wayne Coal 50 60 * West End C0n5.......... 57 60 8 Wilcox Oil & Gas 6% 6% 8 Yellow Taxi of N. Y...v-36% 37% t u— s savings accounts established new high marks. I By E. L? Roney, financial editor, - Minneapolis Evening Tribune: While r trade prospects for 1924 are fairly 1 promising, no one is counting on 1 pronounced revival in general. , Farm conditions appear to be Im i proving slowly and the extent of b this improvement will govern busi t ness activity. Industries centered t here and prepared for expansion. - during the year if present business 1 prospects prove well founded. The j federal reserve bank review, out 1 this week, forecasts a healthy win ter trade in this territory. By Earl R. Obem, financial editor - Los Angeles Evening Herald. Los r Angeles has probably the best busi-. s ness outlook for 1924 of any city tn r the country. 1 The motion picture industry an -1 nounces that they will spend - $100,000,000 in their enterprises for t 1924. Value of manufactured ar . tides for Los Angeles for 1923 will !- be about $1,200,000,000, and 1924 will probably total $1,500,000,000. The * oil situation is rapidly stabilizing it- * self and with higher prices on crude ’ oil ih sight, everything points to * a better year for this industry. The 1 building is again reaching high fig ■ ures after a temporary dedine dur ' ing one month, indications are that ’ 1924 will run far above 1923. By Thomas M. Dargie, financial ‘ city editor San Francisco Call and, ’ Post: California banking and indus ’ trial leaders are unanimous in voicing optimism over the 1924 out look. The “handwriting on the ' wall” spells prosperity.. - The pe : troleum, lumber and agricultural industries in the Pacific coast are fast getting on their feet. Bank clearings dally reflect large gains. Another year of enormous building development is in sight. Everything ' pertains to prosperity in 1924. jr.„ ■ ijjggj Over 42,000 Depositors Capital and Surplus, $2,000,000 Unquestionably the Best New Year’s Resolution B Strictly adhered to, a determination to Save Systematically during 1924 and the years ahead will prove the wisest New Year’s reso lution you ever spon sored. fl Thrift sows seeds of opportunity multiplies r your chances of getting J ahead —rounds out yourl character as well as your pocketbook. We’re ready to serve you and all other earnest thrift workers. Deposits Invited in Any Amount; Same Rate of Interest Paid on Small and Large Accounts Open Until 5:30 P.M. Today and Wednesday OFFICERS DIRECTORS WILLIAM D. HOOVERPresident Woodbury Blair WlUlun D. Bwy WOODBURY BLAIRIst V. Pres. James A. Buchanan Repaid vrank w ATONE .2d V. Pres. William A. H. Church victor Kaufnnann frank STETSON . Trust Officer Walter C. Clephane Charles MlnabaH CHAS C LAMBORN.....77Treasurer H. Boiler Dulany. Jr. Edmund D. Rheem E. PERCIVAL WILSON Secretary Wm. E. Edmonston Frank Stotaon F R. ULLMER .. Asst. Sec. & Aaat Tr. Franklin H. Elite BRUCE BAIRD... .Asst. Trust Officer Frederick A. Penning William H. Walker DAVID BORNET.... Asst. Trust Officer H. Prescott Gatley Henry K. Willard National Savings & Trust Co. 56th Oldest Savings Depository in Washington YearCor. 15th and New York Avo. I LATEST NEWS OF FINANCIAL WORLD STOCKS STEADY ONLASTDAY OF KERR » Shipping and Railroad Stock* in Demand in Early Trading. By H. J. DUIZKND, (Copyright. 1925. by Cosmopolitan News Service.) 4 ,NEW YORK, Dec. 31.—Firstmesi prevailed in the first two hears trading on the stock exchange toda& The market presented a curious mix ture of price movement. w A heavy volume of “cash” salet representing belated establishmeni of losses against 1923 taxes placed a check on any forwatd tendency lx the issues concerned, while stocks in r which this form of liquidation ap peared to have been completed, es peeially the fertilizers, the shippingi and the northwestern rails, respond ed easily to new buying. Reporcbas ing of holdings previously sold foi taxation purposes was also a factoi making for swift rebounds. Business news over the week encl was constructive with further ad vances in crude oil, prices attract ing most attention. As a result, oil shares came again briskly to the fore. Producers and Refiners taking the lead with a rise of 3% pointi to 41%, seconded closely by Phillips Petroleum, which went above 36 for a gain of nearly 2 points. The brighter outlook for ths chemical industry converged specu lative attention on the shares ot these companies, Virginia-Carolina preferred being particularly promi nent. Little or any tax selling was seen in the steels, the equipments and the motors, but with the excep tion of Willys-Overland preferred, initiative in these groups was lack ing, and transactions represented principally final adjustments of ac counts in preparation for the holi day. Sugars were somewhat de pressed, but coppers showed up well, notably American Smelting and Refining, due to a further ad : vance in the quotation of lead. r The rally in the railroad list was not at all confined to issues which had emerged from the pressure of tax liquidation. A fresh demand ’ sprang up for some of the low ! priced carriers shares for which the coming year holds dividend pros pects in store, such as Southern Railway and St. Louis and San 1 Francisco preferred. Call money renewed at 6 per cent. Foreign Exchange. I NEW YORK," Dec. 31.—Foreign : exchange opening: Demand Cables Sterling $4.32% $4.33 Lira 0432 .0482% . Francs .0511% .0512 . Belgian francs .. .0449% .6460 . Czechoslovak ... .0291% .0292 4 , "Swiss francs 1746 .1748 Guilders 3798 .180 V Pesetas 1292 .1294 [ Sweden kronen . .2640 .2644 . Norway kronen. .1464 1468 Denmark kronen. .1769 .1773 'Marks, four trillion to a dollar. N. Y. Cotton Exchange. y NEW YORK, Dec. 3L—Cotton ‘ futures were reactionary _thq opening today, prices declining from 5 to 10 points. Business was light due to the closing of the Liverpool market. January opened at 34.85, off 10 points; March at 35.28. off 8 points; May at 35.40, off 10 points and July at 34.55, off 5 points. Foreign Bonds. French 4s 31 French 5s _ British Victory 4s 4M ' National War Loan 5s 471 War Loan 446 Italian Notes, 1925 4 6 Italian 5s ' : Belgian Res. ss. v J” Premium 5s W