The Omaha morning bee. (Omaha [Neb.]) 1922-1927, December 30, 1922, Page 12, Image 12

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Market, Financial and Industrial News of the Day
Omaha Grain
Total receipts at Omaha'were 228
cars, the bulk of which being wheat
and corn as compared with 63 cars
Inst year. Total shipments were 113
t ars against 119 cars a year ago.
Cash demand for wheat on the
Omaha market was slow and prices
generally 2 to 3 cents low’er. Corn
was quiet and unchanged to 1 cent
lower. Oats w'ere 1 cent lower. Rye
was quoted 1 cent lower and barley
unchanged. *
Continued liquidation of long wheat
caused further weakness in that grain
roday. Coarse grains, while some
what lower in sympathy, showed a
much better tone due to lighter re
ceipts and a better call for export.
Long wheat came out freely, being In
fluenced largely by bearish foreign
news und the only support uccorded
this grain was buying on resting or
ders.
WHEAT.
No. 2 dark hard: 1 car, $1.20: 1 car,
$1.1$, smutty, special billing: 1 car, $1.17;
1 car, $1.18, shipper’s weights; 1 car, $1.17,
special billing
No. 3 dark hard: 1 car $1.10.
No. 2 hard winter: 1 car, $1.17. special
hilling; 10 earn, 91.137 l car, $1.13, live
weevil; 1 car, $1.14; 1 car, $1.15.
No. 3 hard winter: 1 car, $1.14; 6 cars,
$1.12; 2 cars, $1.12, live weeeil; l car,
$1.12, 0.1 per cent heat damaged.
No. 4 hard winter: l car, $1.10, 0.8 per
tent heat damaged; 1 car, 91.11, 0.7 per
tent heat damaged.
No. 3 hard winter: 1 car, $1.06, 1.5 per
cent heat damaged
Sample hard winter: l car, 98c, 6 per
cent heat damaged.
No. 2 yellow hard: 1 car, $1.13.
No. 1 mixed: l cur, $1.16Vj. special bill
ing; 1 car, $1.07, 42 pt*r cent durum; 1
t ar. $1.14, 86 per cent spring.
No. 2 mixed: 1 car, $1.13, 86 per cent
hard winter: 1 car, 99He. durum.
No. 3 mixed; 1 car, $1.12, smutty.
No. 4 mixed: 1 car. $1.00, durum.
No. 3 durum: 1 car, $1.00.
No. 6 durum: 1 car, $1.00.
CORN.
No. 1 white: 1 car, 65r.
No. 2 white: 2 cars, 65c.
No. I white; 3 care. 64V*e.
Sample white: 1 car, 60c (fire burnt).
No. 2 yellow: 1 car, 68c (special bill
ing); 3 care, 66tyc.
No. .1 yellow: 1 car. 66c (special bill
ing); 1 car, 66o (shipper's weights); 2
cars, 66r.
No. 2 mixed: 3 cars, 65c (shipper's
weights); 4 cars, 64Vic; 1 car, 65c.
No. 3 mixed: 1 car. 66c (special bill
ing); 1 car, 64Vic (shipper's weights); 4
i ars, 6 4c.
No. 4 mixed: 1 car, 64c; 1 car, 63c; 1
car, 63Vic.
OATS.
No. 2 white: 1 car, 42V«c (shipper's
weights); 1 car, 42V4c.
No. 8 white: 5 cars, 41-ic.
No. 4 white: 1 car, 41 Vic.
RYE.
No. 2: 3 cars, 84c.
No. 2 white; 1 car, 83Vic.
BARLEY.
No. 4: 1 car. 63c; 1 car. 62c.
OMAHA RECEIPTS AND SHIPMENTS.
(Cariots.)
Receipts: Today. W'k Ago. Y’r Ago.
Wheat . 104 136 8
('orn . 93 67 33
Oat* . 23 20 10
Tire . 6 5 2
Barley . 2 2
Shipments:
Wheat . 45 116 6
Corn . 67 34 106
Qatt . 27 21 6
Rye . 2 11
Barley .. 1 2
PRIMARY RECEIPTS AND SHIPMENTS.
(Bushels.)
Receipts: Today. Week Ago. Year Ago.
Wheat .1,812,000 1,707,000 482.000
Cqrn .1,759,000 3,440.000 729.000
Oats . 683,000 638,000 333,000
Shipments:
Whe .ta. B62>00 697.000 286,000
Corn . 761.000 422.000 1,158.000
EXPORT CLEARANCES.
(Bushels.))
Today. Year Ago.
Wheat and flour. 636.000 687.000
Corn . 210.000 236.000
Oata . 40,000 .
CHICAGO RECEIPTS.
* Week Year
Carlota— Today. Ago. Ago.
Wheat . DR 20 8
Corn .545 467 341
Oats . 97 92 61
KANSAS CITY RECEIPTS.
Week Year
Carlots— Today. Ago. Ago.
Wheat .237 .. 62
Corn . 44 .. 15
Oata . 14 5
ST. LOUIS RECEIPTS
Week Year
Carlota— Today. Ago. Ago.
Wheat . 78 in? 44
Corn . 81 *75 54
Oata . 28 34 14
NORTHWESTERN WHEAT RECEIPTS.
"Week Year
Carlots— Today. Ago. Ago.
Minneapolis ...... 609 529 1 10
Duluth . 96 1 32 38
Winnipeg .1.187 684 141
Kansan City Grain.
Kansan City. Mo, Dec. 29.—Wheat—
Cash. No. 2 hard, $1.14(01.20; No. 2 red.
$1.3701. SO.
Corn—No. 3 white, 68068’ic; No. 3
yellow, 69®'6$%c.
Hay—Unchanged.
Kansas City. Mo.. Dec. 29.—Wheat—De
cember. $1.01% asked; May, $1.25% bid;
July, $1.05% asked
Corn—December, 68\c bid; May, 69%c
aplit asked; July, 69 %c.
Mlnenapollii <>rain.
Minneapolis, Minn., Dec. 28.—Wheat —
Cash, No. 1 northern. $1.18% @1.28%;
December. $1.18%; May, $1.20%; July,
$1.16%.
Corn—-No. J yellow, 63%@fi4c.
Oata—No. 3 white, 28%@40%c.
Harley—60 @ 61 c.
aye_No. 2. 82H@82%c.
Flax—NO. 1. 62. 57 ® 2. 36.
St. Lout, Groin.
St. Louis. Mo.. Dec. 29.—Wheat—De
cember. *1.221,; May. 61.20H
Torn—December, 73c; May. 7194c.
Oats—December. 46c: May, 46c.
Minneapolis Flour.
Minneapolis, Minn., Dec. 29.—Flour—
Unchanged.
Bran—126.00. _,
Turpentine and Roain.
Savannah. Oa , Dec. 29.—Turpentine
Firm. I1.38V4; aalcs. 113 bbls.: recelpta,
176 bbla.; ehlpments, 112 bbls.; stock.
14.667 bbls.
Roain—Firm; sales, 544 casks: receipts.
1,721 casks; shipments, 4,485 casks; stock,
• 6.129 caaka
Quote; B. D. E. F, Q. H. I. 65.0": K.
*5.10: M. 66.40; N, *6.65®5.70; W. O,
*6.00; TV. W. 66.75._
St. Joseph Live Stock.
St. Joseph. Mo.. Dec. 29.—(United States
Department of Agriculture.)—Cattle—Re
. elpte. 600 head; not enough here to teit
market; market, all claeaea nominally
ateady; one load medium to good weighty
steera. 66.50: other ateer, and yearling,
around 67.0007.25; odd head desirable
beef cow,. 84.6006.50; veal elves, top,
16 00.
Hog,—Receipt,. 16.000 head: market
•lew; ahlpper, and packer, buying: a few
good butchers, 10®15c lower: 18 16 paid:
Jacking hsi weak to 10c lower; mootly
7.9607.5".
Sheep—Receipt,. *00 head: receipts
practically all In through billing,; noth
ing aold early. /
1_
Chicago Grain
Chicago, Deo. 29.—There was no let
up in the pressure on the wheat mar
ket, which still showed an overbought
condition, and prices drooped sharply
to a new low on the present down
turn, the inside figure on May being
5o under the high of the previous
day, with the finish at a loss of 2',4
cents. July was off 2 l-8c, and De
cember 3-4c. Corn showed stubborn
resistance to pressure. December act
' cd tight and closed lc higher and
the deferred deliveries l-8c higher,
while outs were l-2@7-8c lower, and
rye i 3-8c lower.
Political news from abroad is hav
ing considerable influence on local
sentiment, which has become strong
ly bearish. Houses with New York
connections were persistent sellers of
May, and while there was steady buy
ing on resting orders, the decline un
covered stops and the drop was very
sharp at times. The trade had an im
pression that a good part of the sell
ing represented profit-taking for Wall
street operators, who were evening up
for income tax purposes over the year
end.
Hull Influence* Ignored.
A local professional who was credited
with having been a good seller of wheat
for several days Issued a bearish summary
on the world’s supply and demand situa
tion which had some effect on the mar
ket. Bullish Influences were ignored, and
export sales of over 500,000 bushels with
reports of large orders under considera
tion failed to bring about a rally. There
was some buying on the Introduction of a
$100,000,000 credit bill for Germany Into
the senate. Rally from the inside figures
at the last was due to local short cover
ing. Forecast for rain or snow over the
winter wheat belt led to selling of the
July. December went to 4c over May
at one time o« short covering.
December corn was wanted by' shorts
and the undertone was strong Resting
orders at 71c for May checked the early
break, but there was less pressure than
of late and the market gave an excellent
account of itself. Purt of the buying was
to remove hedges against export salea,
which aggregated 800,000 bushels. The
gulf outbid Chicago materially for cash
corn down state and offerings to arrive
were limited. Receipts, 279 cars.
Southern demand for cash oats in cen
tral Illinois was much better, with bids
as much as 4c higher than Chicago, but
this failed to have any effect on futures,
which were weaker and lower with wheat.
Receipts. 73 cars. *
Tiie northwest and the seuboard were
free buyers of rye on seflle orders re
flecting sales of over 1,000,000 bushels to
Germany. Local longs sold freely and
numerous stop orders were caught on the
way down. The two northwestern mar
kets had 138 cars.
Pit Notea.
Wheat traders were mostly bearish {.l
the close, owing to the break in prices,
which aggregated 5r, from the recent
high on futures. The point was made
that the market has not lully digested
the many millions of bushels long and
short wheat put on It the past few days
and thnt It may take a few days for it
to b© absorbed.
The big selling of wheat has been by
the eastern anti a number of the local
longs who have been active for several
days. There has also been a. lot of
selling by a local bear party, which has
forced out millions of bushels held by
small holders.
Long corn has been on the market in j
well absorbed, despite the break In wheat, j
well absorbed, despite the break in heat. .
The trade is mixed as to the future. The j
big primary reocelpts of wheat and corn
tends to create bearishness on both
gratns, hut reports from the southwest
and west are of lighter country offerings,
while in the northwest and in the Cana
dian provinces the movement continues
heavy.
F. 3. Lewis, who was in New York,
wired that Germany had bought a big
lot of rye. The United Kingdom bought
Manitoba wheat and that corn business
was heavy. Kxporters he said were all
bullish. A message from a Now York
trader expressed bullish views on wheat.
There has been 8.000.000 to 10.000.000
bushels of wheat put on this market since
last Saturday that appeared to come from
the same aource. said a Winnipeg mes
sage. “Our market has stood the selling
remarkably well until the last hour when
probably 3.000.000 bushels were sold,’*
said the message. “The buying has been
of a pretty good character, which Is
shown on our market maintaining its
difference with Chicago."
Arthur W. Cutten was out with a
long summary of the world's wheat situa
tion in which he took a very bearish
view of tho supply and demand. He
figures that on the basis of the actual
world's shipments of tho first five months
of the present crop year there is a
world's surplus of 200.000.000 to 250 000.
000 bushels instead of a practical exhaus
tion at the end of the season as many
have been expecting.
CHICAGO CLOSING PRICES.
__
By Updike Grain J'o DP. 2627._Dec. 29.
Art. I Op«n. | High. I Low. | Chm. I Tel, j
Iw1 I t.2S»i^ 1.27 * 1.25*31 1.26*41 127 j
May 1.24% 1.84*1 1.21*1 1.22*1 1-24*4
’ 1.24%' I I 1.22 *i I 1.24%
July I 1.14 ' 1.14*4 112*| 112* j J 14 •% |
! l.l4*i| ! I 1.12k l-14k
s? !.1..!..!.. ...
May ;»1*| -91k •«* :»SSS! •9‘H|
Com i I I
Dec. .7 3 ! .73 \ •"'Hi •'- * 1
.73 H
May .71% -«*j
July •«* •'<’*«' -j$| -l\«
Oat* I J
Dec. i .43 I .42*4 .42'.; .43 V -4 • .
May .46*41 .43% .44% • 14 .46%
. 4 5 S I I • * * v*
July .42%' .43% .41%| -42 .42%
Lard I I I I
Jan. 110.SO |10.SO 110.65 110.75 ,10.82
May 111.00 1 1.05 110.97 111.00 U 1.07
fan* uo.so 110.80 110.72 110.72 110.87
May 110.6 5 llQ.70 110.62 110.62 10.3 |
Kanua City Live Stuck.
Kanaas City. Ho, Dec. 29.—<L. S. De
partment of Agriculture.)—Cattle—Re
lelpts 13,000 head; beef steers, steady to
strong to 16.65W8.10; few better grades,
cows $3.25®6.00; other mostly. S4.00W
4 73- few choice helfera, 16 50®8.25; some
common kinds.- $4.25®4_75; caners and
cutters generaly $1!.60©3.50; good bologna
bulls. $4.00© 4.25; few voalers up to
110.00; strictly good 350-pound calves,
17 50.
Hogs—Receipts. 7,000 head; 5c to 15c
lower; mostly 10c lower; packers, top,
‘ $6.30; shipper top, $8.25; 130 to 160
pound. $S.2008.25: bulk, desirable liO to
270-pound. $8.1508.25; bulk of sales.
$8.00 08.25; packing sows steady. $7,60 0
7.60; stock pig*, strong, $7.6007.80; few
at Sheep and T*mbs—Receipts. 1.000
head; lambs, slow; heavy natives. $13.00;
fat lambs, due to arrive still back: sheep
strong; wethers. $8.50; ewes. $7.50.
New York Dried Fruit*.
New York, Dec. 29 —Evaporated Ap- I
pies—Dull.
I’ runes—Steady.
Apricots—Firm.
Peaches—Quiet.
Raisins—fessy.
*
Live Stock
Omaha, Dec. 29.
Receipts were— Cattle. Hogs. Sheep.
Official Tuesday _ 7.481 8,680 11.467
Official Wednesday.. 6,388 13.632 10,185
Official Thursday_ 4.371 16.S62 10.515
Estimate Friday .... 1,100 12.200 3,500
Five days this week.19,346 51.374 35,667
Suine days last week.28,169 63,155 44,948
Same days 2 w's a’o. 37.955 61.504 52,304
Same days 3 w’s a'o. 32,772 53,566 34.252
Same days year ago. 12.816 49.788 33,628
Receipts and disposition of livestock at
the Union stockyards, Omaha, Neb., for 24
hours ending at 3 p. m., Dec. 29, 1922.
RECEIPTS—CARLOT.
Horses,
Cattle Hogs S'p. Mules
C . M. & St. P. Ry. 4 21 .
Mo. Pacific Ry.. 1 2 .
Union Pacific R. R. 13 49 4 1
C. & N. W. Ry., east. 1 ... 1
C. & N. W. Ry.. west.. 13 71 2 ...
C# St. P, M. & O. Ry.. 1 13 3 ...
C. B. & Q. Ry.. east ... 2 6 .
C\, B. & Q Ry.. west.. 3 20 4 ...
C. R. I. * P., east .... 4 .
C., K. I. &. P., west. 3 .
Illinois Central Ry. 2 .
Total receipts . 43 184 13 2
DISPOSITION—HEAD.
Cattle Hogs Sheep
Armour & Co. 445 3343 1137
Cudahy Packing Co. ... 221 2178 974
Hold Packing Co. 19 1355 *....
Morris parkin# Co. 1 22 2058 251
Swift A Co. 345 3282 1119
J. W. Murphy . 597 _
Swartz & Co. 10 ....
Armour, S. D. 1418 ....
Elncoln Packing Co. 9 .
Higgins Packing Co. 37 86 ....
Eongrnun Bros. 8 ..
Lubberger . 3 28 .... ....
W. H. Cheek . o .
Dennis & Francis ....... 26 .... ....
John Harvey . 4 ..
T. J. Inghrain . 7 .
Mo.-Kan. C. & O. Co. ... 2 .
J. B. Root & Co. 77 .
Other buyers . 86 .... 219
Totals . 1523 14322 3700
Cattle—Receipts, 1.100 head. Though cat
tle supplies were light trade on both steers
and cows was draggy and prices no more
than steady. Choice steers brought $10.00,
but most of the offerings were grades
selling at $7.0008.50. The week’s market
is generally 25 0 50c lower on steers, but
cows l»a\o advanced 25c or more. Feeders
were nominal today at the week's 26c ad
vance.
Quotations on cattle: Choice to prime
beeves, $10.75012.50; good to choice
beeves. $8.75 010.60; fair to good beeves.
$7.25 0 8.60; common to fair beeves, $6.00
0 7.75; choice to prime yearlings, $10.75
012.50; good to choice yearlings. $8,500
10.75; fair to good yearlings, $7.2508.50;
common to fair yearlings. $6.0007.25;
good to choice heifers. $6.7508.10;; fair
to good heifers. $4.5006.75; good to choice
cows, $5.25 06.50; fair to good cows, $4.00
05.25; common to fair cows. $2.2503.50;
cows. $5.00 06.40; fair to good cows, $3.75
05.00; common to fair cows. $2.0003.40;
good to choice feeders. $7.0007.90; fair
to good feeders, $5.5007.00; common to
fair feeders. $4.2505.50; good to choice
stockers. $7.00 07.75; fair to good Stock
ers. S3.5007.00; common to fair stockers.
$4.2505.50; trashy stockers. $3.0004.00;'
stock cows, $2.5003.50; stock heifers, $3.50
0 5.00; stock calves, $3.0007.50; veal
calves. $3.0007.50; veal calves, $4,500
10.50; bulls, stugs, etc., $2.5004.50.
BEEF STEERS.
No. Av. Pr. No. Av. Pr.
26.1074 $ 6 25 9. 291 $ 6 50
13 . 873 7 25 24.1004 7 50
24 .1015 7 75 20.1332 8 25
20.1337 8 CO 10.1262 10 00
STEERS AND HEIFERS.
No. Av. Pr. No. Av. Pr.
8 . 640 6 25 12. 845 6 30
14 . 789 6 75 15. 816 7 00
COWS.
No. Av. Pr. No. Av. Pr.
7 . 915 3 ".0 6.1 168 3 50
8 .1006 3 75 12.1017 4 00
23-942 4 25 6. 983 4 W)
14.1020 4 73 6.1201 5 00
5.1232 5 25 14.1023 5 60
17 . 800 6 75 8. 927 6 00
HKIFER8.
No. Av. Pr. No. Av. Pr.
4 . 700 6 75 8. 783 6 10
5 . 718 7 60
STOCKERS AND FEEDERS.
No. Av. Pr. No. Av. Pr.
6 . 692 6 00 6. 860 6 30
BULLS.
No. Av. Pr. No. Av. Pr.
1.1310 3 G5 1 .1360 3 75
t.1310 4 00 1 1820 4 25
1 . 1440 4 60
CALVES.
No. Av. Pr. No. Av. Pr.
3. 240 4 00 6. 446 6 00
«. 420 6 75 2. 220 7 00
1. 100 8 25 1 l. 100 9 25
Hogs—Receipts, 12,200 head. There was
a fairly liberal run on hand today and
with lower reports from other principal
tnarkprs trading was slow at prices most
ly 10@15c lower. Good light hogs and
butchers sold largely at $7.90®8.10, the
latter top price. Mixed loads sold at $7.40
@7.80 and packing grades at $7.00@7.4U.
Bulk of sales was $7.75@8.10.
HOGS.
♦To. Av. Sh. Pr. No. Av. Sh. Pr.
47.. 275 ... 7 50 65..301 ... 7 00
Cl..250 ... 7 75 7#..190 ... 7
36.. 213 ... 7 90 62..214 . . 7 95
45.. 285 ... 8 00 74..229 ... 8 05
Sheep rnd Lambs—Receipts, 3,800 head.
Fat lambs were In good demand today and
the light i un moved readily at steady
prices. Bulk selling at $14.00® 14.40 with
a top price of $14.50. Feeders were steady,
noo lot going out at $14.30. Sheep were
10®15c higher, good quality ewes selling
at $8.00.
Quotations on sheep: Fat lambs, good to
choice, $ I 4.00@ 14.40; fat lambs, fair to
gO'*d, $12.50® 14.00; fed clipped lambs,
$1 2.00@ 12.75 ; feeder lambs, $13.25® 14.60;
yearlings, $10.50® 12.00; wethers. $7.60®
*•50; fat cwch, light. $7.00®8.00; fat ewes,
heavy, $5.00@7.00.
Chicago Livestock.
Chicago. I)ec. 29.—Cattle—Receipts,
•».000; beef_ steers and yearlings, unevenly
weak to 25c lower; plainer kind showing
least decline; quality mostly plain; best
matured steers, $10.25; weight. 1.330
pounds; banners and cutters. Stockers
and feeders, steady; bologna bulls, mostly
10c to 1 Do higher; few weighty kinds,
up to $4.90: beef rows, unevenly weak to
15o lower; veal calves, mostly 26c to 60c
higher; packers taking best kind up to
1,150 pounds.
Hogs—Receipts, 51,000; market. 15o to
25c lower; closing strong; bulk 200 to
200-pound butchers, $8.2508.30; few,
$8.35, late: 14 Oto 170-pound averages,
strong, mostly $8.3508.40. few $8.45;
hulk packing sows, $7.5007.75; desirable
tigs, mostly $7.5008.00; plain pigs down
to $7.00; estimated holdover, 12,000.
Sheep and Lambs—Receipts. 8,000; fat
lambs, slow, fully steady; top to shippers,
$15.30; packer top. $15.00; several loads
to shippers. $16.10# 15.20; less desirable
v.ooled lambs, $14.60014.75; some heavy,
$13.60 down; most clipped lambs, $12.40#
1 2 90 ; heavy clipped. $11.00; heavy year
lings, weak; several strings. 99 to 104
pound kinds, $11.00; fat sheep, strong to
25c higher; best light few ewes, $8.60;
several strings less desirable kind, $8.25;
feeders scarce, three decks 55-pound
lambs on country account, $14.65.
Moux City Live Stock.
Sioux City, la.. Dec. 29.—-Cattle—Re
ceipts. 1,300 head; market, strong; short
fed steers and yearlings, $8.00010.00;
warmed up steers and yearlings, $5,500
7.50; fat cows and heifers, $4.0007.50;
earners, $2.2502.50; veals. $4.00010.00;
feeders, $5.0006.60; calves, $3.5006.75;
feeding cows and heifers, $2.7504.50;
Stockers, $1.0006.60.
Hogs—Receipts, 10,000 head; market
5c lower; butchers, $8.0508.10; top,
$8.10| mixed. $7.7508.00; packers, $7.25#
market steady; sheep, $14.50; ewes, $7.75.
Sheep and Lambs—Receipts,1,000 fetad;
7.60; bulk,^$7.8608.10 {
Financial
New York, Dee. 29.—The move
ment on the Stock Exchange today
was as active as the day before, but
the course of prices was directly op
posite. Industrial shares and par
ticularly railway stocks, advanced on
the whole more rapidly than they had
declined on Thursday. This recovery
was possibly more noteworthy from
the fact, first that a fairly large num
ber of "cash sales" were made for the
obvious purpose of establishing nom
inal losses in the income tax returns:
second, the call money rates went to
6 per cent, the highest since No
vember S.
But the market undoubtedly reas
oned that these belated sales for cash
—made in that way Jn order to close
the transaction during 1922, were a
reminder that whatever depressing in
fluence has been exerted by this
absured machinery was necessarily
behind us. Taken as a whole, the
day’s stock market ended at the day's
best prices.
Bond Price* Stronger.
Tn the bond market, also, there was a
distinct upward tendency of prices, a
rather striking instance of which was
the movement of Chicago. Milwaukee &
St. Paul r.ecuritles. Theso bonds, after
declining In some cases 10 points or more
since early autumn, have risen 2 to 4
points in ihe past two days, under heavy
buying.
Whether the reversal of attitude was
to he ascribed to the completion of "sales
to establish losses" and the usual subse
quent repurchases, or to the excellent
statement of earnings by the company for
November, it attracted natural attention
on the market. Liberty bonds moved up
gradually along with the rest, but did
not reach the recent high figures of its
recovery.
In tho foreign exchange market, ster
ling went slightly lower, francs advanced
and rates on other European countries
moved uncertainly. The delegates to next
Tuesday’s conference of the European
premiers have certainly brought forward
a variety of hints and forecasts and con
jectures bewildering enough to give no
cue whatever to tho speculator In ex
change.
When, furthermore, the contradictions
from Europe are supplemented by the
sudden debate at Washington over the
entry of the United States into European
conferences, it fa hardly to be wondered
at that the foreign exchange market
does not know which way to move.
M all Ntreet Topic*.
The announcement of the details of the
1 plan for the consolidation of the Van
j Sworlngen railroads—the New York. Chi
cago & St. Louts, Toledo, St. Louis &
i Western and Lake Erie & Western—prac
t tieally marked the final step in the mer
1 g*»r of these properties. Based on 1922
operations, it was estimated in transporta
tion quarter* that these roads would show
a combined net revenue, after all charges,
amounting to $fi.33f».000, which would be
3-72 times the requirements of the new
preferred stock to be issued by the con
solidated company. After deducting these
preferred dividends, It was estimated that
earnings would be equal to more than
$14 a share on the proposed common
stock. The capital stock of the new cor
poration. to he issued at once, provides
for $^2,720,000, 6 per cent cumulative pre
ferred stock and *40.247.900 common.
In view of the fact that Thursday was
the last day on which a holder of stock
could dispose of h!s securities for tax
purposes in the usual way, a large amount
of cash transactions were reported on the
tape tadnv. This was due to4he fact that
stocks sold in the regular way would not
he cleared until next Tuesday. Such
transactions were unusually large and at
times during the day almost every other
transaction was for cash.
While all hearings before the Inter
state Commerce commission on the prob
lem of railway consolidations ar« admit
tedly tentative in character, the next
hearing on the application of the Bur
lington, Northern Pacific and Great
Northern to merge into one company is
creating special interest. This hearing,
which is scheduled to be held in Wash
ington January 17. will consider not only
the original application of these three Hill
carriers to merge, but the petition of the
Great Northern to be placed with the
Burlington, In case the first plan is
turned down. The Great Northern made
this move, after the combined applica
tion of the three companies was filed
and it is understood that the hearing on
January 17 will probably be devoted
largely to this phase of the proposed
consolidation.
New York Quotations
Range of prices of the leading storks
furnished by Logan & Bryan, 248 Peters
Trust building:
RAILROADS.
Thursday
High. Low. Close. Close.
A. T. & S. F-101% 101 101% 100%
B. & O. .u/.. 4 1 % 40% 4 1 41 %
Canadian Pacific. .143% 143 143% 143
N. Y. Central. 94% 93% 94% 94 %
Ches. & Ohio. 70% 70% 70% 70
Great Northern... 75 73% 74% 76%
Illinois Central... .110% 112 112% 111%
K. C. Southern... 18% 18% 18% 18%
Lehigh Valley .... 70% 69 70% 68 %
Mo. Pacific . 16% 15% 16 16
N. Y. & N. H. 20% 19% 20% 20%
Chicago & N. W.. 79 76% 79 77 %
Penn. R. It. 46% 46% 46% 46%
Reading . 79% 78% 79% 7 9
C. . R. T. & P. 32 31% 32 31 %
Southern Pacific.. 88% 87% .88 % 88%
Southern Railway. 25% 24% 25% 24%
C.. M. & St. P- 22% 21% 22% 21%
Union Pacific ...138 136 138 136 %
STEELS.
Am. Car Foundry.. ISO % 180% 180% IS 1
Allis-Chalmers ... 44% 41% 44% 43%
Am. Locomotive. .127% 126% 127% 127%
Baldwin Loco_138% 136% 137% 137
Beth. Steel . 62% 59% 62% 60%
Colo. F. & Iron.. 26 26 26 24%
'"rucible . 71% 68% 69% 68%
Am. Steel Foundry 37% 36% 37% 37%
Mid. Steel. 28% 26% 28% 26%
P’ressed Steel Car 60% 79% 80% 81%
Rep. Stl. Hz Iron.. 48% 45% 48% 45%
Ry. Steel Springs.116
Slo^s-Scheffield .. 39 39 39 39
U. S. Steel.107% 105% 107% 105%
Vanadium . 24% 33% 34% 33%
Mex. Seaboard... 16% 16% 16% 16%
COPPERS
Anaconda . 48% 48 48% 48%
Am. S. & Ref. Co 55 64 % 54% 54
Ccrro De Fusco. . 4 4 43% 43% 41
Chili . 27 Vi 26% 27% 26%
Chino . 25% 25% 26% 26%
Green Cananea . 27 %
Inspiration . 35 34 % 34% 33%
Kennecott . 36% 35% 36% 36
Miami . 27% 27% 27% 27%
Nev. Con. ..•••••• 15% 15% 15% . ...
Ray Con. 14% 14% 14% 14%
Seneca . 8 7 % 7% 7%
Utah . 64% 63% 64 63%
OILS.
General Asphalt.. 49 46% 49 46%
Cosden . 53% 62*4 65% 63
Cal. Peierol . 68% 64% 67*% 65%
Invincible Oil - 14% 14% 11% 14%
Met Peterol .220 220 220 -
Middle Stutes - 11% 11% 11% 11%
Pacific Oil . 46 44 % 45% 44%
Pan-American ... 91% 90 91% 92%
Phillips . 48% 45% 46% 46%
Pierce Oil . 4 3% 3% 3%
Pure Oil . 27% 27 27 % 27 %
Royal Dutch .... 62% 52% 52% 62%
Sinclair Oil . 33% 32% 33% 32%
Stand. Oil, N. J... 39% 38% 39% 38%
Texas Co.. 49 «7% 48% 47%
Union Oil .. 12% 12% 12% ....
Whit© Oil . 3% 2% 1% 2%
MOTORS.
Chandler . 66% 65% 66% 66%
General Motors .. 14% 14% 14% 14%
Wlllys-Overland .. 6% 6% 6% 6%
Pierce Arrow. 13% 12% 12% 12%
White Motor. 48 48 48 48
Studebakcr .114% 110% 114% 139%
RUBBER AND TIRES .
Fisk . 13% 12% 13 12%
Goodrich . 35% 34 35% 33%
Kelley-Spritigfield. 46% 44% 46% 45
Keystone Tire.,... 9 8% 9 8%
Ajax . 12% 11% 12% 12
U- S. Rubber. 55% 53% 65% 63%
INDUSTRIALS.
At.. G. & W. I_ 21% 20% 20% 20%
Am. lnt’l Corp.... 26% 25 26% 26%
Am. Sumatra. 28 26% 26% 27%
Am. Telephone_123 122% 122% 122%
American Can.... 73% 72% 73 72%
Centra! Leather... 31% 30% 31% 30%
Cuba Cane . 13% 13% 13% 13%
Cuban-Am. Sugar. 25% 25% 25% 25%
Corn Products ...132% 130 132% 131
Famous Players .. 91 % 90 f 1 % 90%
General Electric ..181% 181 181% 180
Grt North Ore .. 31% 29% 30% 29%
Inter Harvester .. 88% 87% 88%
Am H fr L pfd .... 62%
IT S Ind Alcohol.. 67% 67 67 % 66%
Tnter Paper . 51% 5t 61% 61
Inter M M pfd ..44% 42% 43% 41%
Am Sugar Ref_ 79% 79 79% 78%
Sears-Roebut k .... 87% 87 87 86%
Stromsburg . 6 4 63% 64 65
Tob Products .... 57% 56% 67% 66%
Worthing Pump .... .. 29%
Wilson Co . 36% 35% 36% 36
Western Union_ltl% 111 111% 111
Westing Elec .... 59% 59% 59% 60%
American Woolen.. 95 94 94% 94
MISCELLANEOUS.
Amer Cot Oil _ 17 17 17 16%
Am Agri Chemical 30% 30% 30% 31%
Amer Linseed .... 31 29% 31 29%
Union Bag pfd .. 67 66% 67 66
Bosch Magneto .. 42 40 40% 42 |
Brooklyn R T _ 16% 15 15% 14%
Continental Can ..111 109% 111 109%
Calif Pack . 82% 82% 82% 82%
Col G & El .104% 103% 104% 103
I Colum Graph .... 2% 2 2% 2
United Drug...,. .. 78
Nat Enamel . 67% 65% 67%
Unite.1 Fruit.153 152% 153 152
Lorillard Tob. . . 162
Nat. Lead .127% 125% 127% 125
Philadelphia Co .. . . .. 80%
Pullman .129% 128% 129% 129%
Punta Alegre Sug. ... 47
Retail Stores .74% 73 74% 73%
Superior Steel ...... .. 29%
St L ft 8 F . 21% 21% 21% 21%
Va Car Chem - 24% 24% 24% 24%
Total sales. 971,700 ©hares
Thurs.
Close. Close.
Money .04% .05%
Marks .. .000134
Francs ...... 0724 .0723
Sterling .4.63% 4.63%
New York Bonds
New York, Deo. 29.—Prices in today's
bond market displayed a decidedly strong
tone with the active demand for St Paul
and New Haven railroad mortgages as
the day's feature. Cash sales were not
as extensive as in the stock market, al
though it was curious to note that the
largest volume of these was in the United
States government Issues, which are sell
ing near their high levels of the year
making tax losses in those kinds virtually
negligible.
The sharp upturn in St. Paul and New
Haven bonds seemed to lend confirmation
to the belief that the recent weakness
grew out of selling to establish tax losses.
St. Paul convertible 5s and New Haven
6s and the so-called French 7s of that
road each moved up more than 3 points
while St. Paul, Puget Sound 4s afid the
4s of 1922. the convertible 4a and the re
funding 4 s were all 1 to 2 points higher;
Denver, Rio Grande & Western bonds also
showed marked improvements, the 4s, the
consolidated 4s and refunding 5s and the
refunding 5s, stamped, each advancing
2 to 3*4 points Some of the other strong
spots in the railroad group were Baltimore
A- Ohio refunding 5s, up 3 points; Western
Maryland 4s, up 1?*. and Erie consolidated
4s. up 1 Bg.
Foreign bonds were virtually neglected ,
although Mexican government 4s and
Cuba railroad 5s, moved to slightly higher
grounds while Colombian 6Vis dropped
sharply. Except for losses of 8 and 10
cent8 on *100 respectively in Victory 41i"
and the first 4Vis. all the United States
government securities moved to higher
ground. Liberty 3Vis touched $101 for the
first time in two months and closed 18c
higher, the second 4'iS advanced 26c; the
third, 20c; the fourth, 28c, and the new
2c.
Marland 011 8s and Chile Copper 7s,
each up 2 points, led the advance in ac
tive industrial mortgages. Other strong
spots in that group were Atlantic Fruit.
7s certificates. Republic Steel 5s, U. S.
Steel 5s, American Smelting f»s and Lig
gett and Myers 7 Vis, all up 1 to 1 Vi points.
Total sales (par value) were J14.662.000.
I’. S. Bonds.
High. Low. Close.
$48 Liberty 3%s.101.04 100.80 101.00
96 Liberty 1st 4%s.. 98.90 98.88 98.90
1014 Liberty 2d 4*is... 98.42 98.18 98.42
1OJ 7 Liberty 3d 4%s... 98.98 98.80 98.98
1841 Liberty 4th 4'4b.. 98.74 98 48 98.74
1.50 Victory 4%s. unc.,100.40 100.32 100.34
1001 New 4s. 99.92 99.88 .
Foreign.
14 Argentine 7s.100% 100% 100%
31 City of Bord 6s_ 78% 77% -
30 City of Chris 8s...107 106% 101
8 City of Cop 5%s. . . 90% 90% 90%
l City of Gt Pr 7%z 75 .
21 City of Lyons 6s... 78% 78% 78%
22 City of Mar 6s.... 78% 78 78%
4 City of R de J 88.. 9 7 .
10 City of Tokio 5s.. 72% 72% 72%
10 Czech Rep 8s ctfs.. 86 85% 85%
11 Dept of Seine 7s.. 86% .
16 D of C 5% p n *29 101% 101% 101%
63 Dorn Can 5s 52 ... 99 % 99 99 %
49 Dtcn K Ind 6s 47.. 93 % 92% 93%
63 Dtch K Ind 6s 62.. 93 % 92% 93%
46 French Rep 8s .... 98 Vi 98 98%
44 French RppoHs .. 94% 94%
9 Holl-Am l.ine 6s .. 87% 87% 87%
10 Japanese 1st 4%s .. 93% ..
52 Japanese 4s . 81*4
43 Belgium 7%s .....101% 101% 1**1
4 Belgium 6s . 97% 97% 97%
It Denmark 6s . 98 97% 98
12 Netherlands 6s .... 98% 98% 98%
7 Norway 8s .112 111% 111
18 Sweden bs .105 104% 105
107 Parla-Ly-Med 6s .. 71% 71 71%
20 Bolivia 8s . 92% 92% 92%
10 Queensland (is ....103 102% 103 I
5 San Paulo sf 8s .. 98% 98%
37 Swiss Con 8s .118% 117% 118%;
44 K G H & 15%s 29.113% 113 113%
76 K G B & 1 5%s 37.103% 103%
18 U S Brazil 8s - 98% 98% 98%
15 U 8 Brazil 7%s .. 97 96% 96%
14 U 8 Braz C R E 7s. 85% 85 85 Vi
1 U S Mexico 5s .... 51%
5 U 8 Mexico 4s .... 36
Railway and Miscellaneous.
17 Am A Ch 7%s_103 102% 103
DO Am Smelt 6s. 92% 91% 92%
39 Am Sugar 6s.104 103% 104
16 Am T A T cv 6s..ll7% 116% 117%
21 Am T A. T c tr 6s.. 98% 98% 98%
17 Am T A- T col 4s.. 91% 91% -
3 Am Writ Paper 6a 84 83 % 84
37 An J M WkH 6s_ 83% 83 83%
47 Arm & Co 4%s_ 89 88% ....
24 A T A* S F gen 4s.. 89 88% 89
3 A C I* 1st con 4s.. 87% .
36 Balt A Ohio 6s_100% 100% 100%
95 Balt A Ohio cv 4%s 81% 80% Si%
12 Bell T of P 7s_108% 108 ....
6 Beth Steel ref 5s.. 95% .
2 Beth Sleel p m 6s.. 92 .
1 Bklyn Ed g 7s D..108% .
1 Cal G A El 6s. 98 .
6 Can Northern 7s... 112% 112% 112%
3 Bk Bap Tr 7s c.. 8«% .
40 Can Pac deb 4a ..112% 112% 112%
46 Can Pac deb 48 ... 80 79 % 79%
7 Central Leather 6s 99 98% 99
13 Cen Pac gtd 4s.... 80% 86% 86%
32 <Vrro de Pasco 8s..133% 132% 132%
61 Che-H A Ohio cv 5s 93% 94% 95%
7 Ches A Ohio cv 4% 88% 8 8 % 88%
69 Chi A Alton 3%s... 24% 23% -
II Chi A Alton 3s. 62‘4 .
42 C B A W ref la At.r0l% 100% 101%
28 C A E HI Da. 80% 79%
22 Chi Gt West 4s.... 52 51% 51%
74 CM&StP cvt 5s B. . 69 66 69
106 CMAStP CV 44s. .. 664 64% 664
122 CM&fltP ref 44a... 60 694 60
10 Chicago Rys 5s.... 77% 77% ...
67 C R 1 * P ref 4a.. 83 4 *2 4 83
3 C & Vi’ Ind 4s. 76 74 % 76
90 Chile Copper 7a_113 110% 113
36 Chile Copper 6s.... 96% 964 9*
16 C A 8 ref 4 4*_ 87 4 86% 87%
' .12 Con Cl of Md 5*_ 88% 88 4 **4
16 Cuba C S deb 8s... 914 91 9*4
| 88 D & R G ref 6k. 49% 47 4 48
659 BARG con 4s_ 75 72% 75
7 Bet Ed ref 6s.104% 103% 104
4 Bonner Steel ref 7s. 89 4 89 89**
29 Duqucsne Bight 6s.104 .
2 4 Emp G A P 7 %s ct. 93 4 93 93 4
6 Erie pr lien 4* 6s. . 67 6578 67
34 Erie gen lien 4s .. 43% 43% 43%
20 Gramer I D 74s .. 90** 894 90
6 Gen Elec d 5s . .101 % 101 4 . .
23 Goodrich 6%e _101% 101% 101%
20 Goodyear T 8s 31. 99% 99 99 %
18 Goodyear T 8s 41.116 114% 115
43 Gnd Tnk Ry C 7s.112% 112 112%
9 Gnd Tnk Ry C 6s. 104 103% ..
26 Grt North 7k A.. 110% 110% 110%
18 Grt Noth 5 4s B..102% 102 Vi ..
14 Hud A M ref 5« A.. 84% 84 4 84%
8 Hud A M ad inc 5a. 61 4 61%
9 Humble Oil 5 4s .. 98% 98 4 98%
10 111 Cent 6 4s .101 4
4 111 St d 4 4s . 93 92 % ..
3 lnd Steel 5s .101 100% 101
71 Int R T 7® . 94 4 93% 94%
167 Int It T ref 5s . . 71 % 71
25 Jnt It T ref 5s ct. 72
13 Int A G N ad 6s wj 90% 90% ..
28 Int M M sf 6s. 88% 87% 88%
1 la Cent ref 4s .... 37
127 K C Ft S A M 4a. 7 9 78 % 79
4 K C South 5s .. S9% 884 89%
3 K C Term 4s .... 83 82%
14 Kelly-Spring T 8.. 107% 107% 107%
6 Back'a Stl 6s i960.. 91 »* 90% 91%
6 Bac G of S L 1st 5s 92*4 92 4 _
15 1. S & M S d 4s *31 92 4 92% 92%
21 Llg A Myers 6s.... 98 96% 98
2 Borillard 6s. 97 96 ....
6 B A N uni 4s. 90 4 .
1 Magma Copper 7s.. 114% .
11 Manati Sugar 7 4s 97% 96% 97 Vi
8 Mt St Ry con 6s.. 92% 92% 92%
15 Midvale Steel cv 5s 88% 884 _
1 Minn A St B ref 6s 35 .
7 M8PASSM 6 4 a... 104% 104 104%
5 MKAT pr lien 6s C 964 .. .
17 MKAT n p 1 6s A 83% 82%
146 M K A T n a 6s A 604 .
47 M Pac con 6s. 98% 98 98 %
86 Mo Pac gen 4s... 62% Cl % 62%
1 Mont Power 5s A. . 98% .
3 Nass Elec Ry 4s. . 59%
5 NKTAT 1st 5s ctfs 99 4 99 ....
1 N OTA M inc 6s 79 .\
197 NY C rfg A imp 5s 97 4 97 4 97%
13 N Y Ed r 64*-110% 1104 110%
17 NYNIIAH cv 6s ’48. 70% 68 70%
43 N Y Tel ref 6s ’41.. 1064 106% 106 4
5 N Y Tel gen 4%s... 94% .
28 N Y W A B 4 'is. . 48% 48% 48%
15 N & S 6s A. 64% 62% 64%
3 No Am Ed s f 6a.. 94% ..
65 No Pac ref 6s B..109 1084 109
12 No Pac pr lien 4s.. 86 85% 86
7 N W Bell Tel 7s... 107% ..
2 Ore S B gtd 5*_102% .
17 Ore S 1, ref 4s.... 92% 91 4 92 4
22 O-W R R A N 4s.. 81% 81** _
18 Pac G A E 6s. 92% 91% ....
16 Pac TAT 6s *52 ctfs 914 91 914
1 Pckd Mot Car 8s... 107 4 .
6 Pan-Am PAT 7s..103% 1034 .. .
52 Penn _R R 64s-1104 110‘* 1104
9 Penn R R gen 5s... 101 4 101% ....
33 Penn It R gen 4 4s. 92% 92 92 %
1 P A E Inc 4s. 264 ... _
2 Per© Marq ref 5s.. 97% 97 ....
14 Phlla Co col tr 6s.. 99% 99% 99%
8 Ptlr'H L & V 5a. .. 84% 84% _
9 Pub Service 5s. 84% 84% ....
19 Reading gen 4s.... 85% .
f* Rem Arms a t 6s.. 90% .
5 Rep 1 & Stl co! 63.. 93% 93% 93%
10 R 1 A k L 4%s_ 80% 80% 80%
62 SLI&S 4s R&G div 84% 84% 84%
102 S L & 8 F p 1 4s A 70% 69% 70%
36 S L & 8 F adj 6s.. 76% 75% 76%
69 S L Sc S F Inc 6s.. 59% 58% 59%
47 8 I. S W con 4s. . . . 78 77% 77%
6 S P & Iv S 1< 4% 80% .
23 S A L con 6m. 68% 58 58%
21 Sea A Line adj 5b 22 21 % 22
34 Sea A 1, ref 4s. S9% 39 39%
1 Sharon Steel H 8 A 99 .
23 Sin Con O col 7s..100% 100% ....
22 Sin Crude Oil 5%s 98% 98% _
5 South Jiell Tel 6s. . 95% .
» 25 South Pac cv 4s... 92% 91 % 92%
31 South Pac ref 4s... 87% 87% _
6 South Pac eol tr 4s 8 4 .
20 S Ry gen 6%s... 101% 100% 101
30 S Ry con 5s. 97% 97% . ..
24 S Ry gen 4s. 68% 68% 68%
6 S P Rico Sugar 7s.. 101 100% 101
33 S O of C deb 7s . 106% 105 _
2 Third Ave r 4.... 60 .
25 Third Ave adj 6s.. 67 56 % 67
4 Tldewat Oil 6%*..103% 100 100%
7 Tol S L & W 4s. .. 73 .
1 Union H & P 6s A c 97% .
20 Union Pacific 1st 4a 91% 90% 91%
10 Union Pacific cv 4s 94% .
5 Union Pacific ref 4s 86% 85% ....
2 Union Tank Car 7s 103** .
3 United Drug 8s ...112% 112% .
5 Unit R I 1st 6s P 88 .
21 U S Realty 6s ..99% .
2U S Rub 7%s ...108% .
20 U S Rub 5s _ 88 Va 88% 88%
29 U S Steel a f 5s .. 103% 103% 103%
14 Utah P & L 6s ... 92 91 % 92
1 Va.-Oa C 7% w w . 91% .
13 Va.-C C 7s c .... 97 96 % 97
3 Virginian Ry 5s ... 97% 96% 97%
16 Western Pacific 5s 81% 91% 91%
5 Western Union 6%s 111% .
17 Westing Electric 7b 107 Va .
13 Wick-Hpen S 7s . . 98 96 98
33 Wil Sc Co s f 7%s 102% 101% 102%
6 Wilson Sc Co c 6a 93% 92% _
1 WIs On gen 4s .82 .
Total sales of bonds today were $14.
662,000 compared with $16,041,000 pravloua
day and $15,510,000 a year ago.
New York Cotton.
New York, Lee. 29.—The cotton mar
ket's final session of 1922 presented little
of feature to the trade and the list held
steady in narrow limits. There was the
customary uncertainty of movement of a
yearend market, although the volume of
business in the ring at times was moder
ately broad, a good deal of switching be
ing noticeable. The opening was steady
at 2 to 11 points net gain, due to belated
short covering and a little demand from
spot houses. Wall street and local traders.
Liverpool bought and sold, and there was
scattered long liquidation, New Orleans
and southern interests doing some selling
also. The afternoon market was stag
nant and prices moved in a 10-point
range, about a level with Thursday's close.
Final bids were about unchanged to fi
points lower.
Spot, quiet, 10 points decline, 26.60c
for middling upland.
Southern spot markets: Galveston,
26.45c, unchanged; New Orleans. 26.50c,
unchanged; Savannah, 26.80c. unchanged;
Norfolk. 26.69c, unchanged; Memphis.
26.7Gc, unchanged; Houston, 26.55c, tin
changed; Little Rock, 26.50c, unchanged.
New York Sugar.
New York, I>ec. 29.—The raw sugar
market was unchanged for spot and
nearby Cuban, which are quoted at 3%e,
cost and freight., equal to 6.65o for cen- J
trifugai. although Porto Ricos sold at
5.53c for centrifugal. There were sales of
7,000 bags of Cubas and 6,000 Porto Ricos
for early January shipment at quoted
prices and 10,000 bags of Cubas for Feb
ruary shipment at 3Vae, cost and freight,
equal to 5.28c for centrifugal. Raw sugar
futures were firmer on covering and buy
ing by trade Interests, with closing prices
2 to 8 points net higher. Closing: Janu
ary, 3.82c; March, 3.51c; May, 3.62c;
July, 3.73c.
There was only a moderate Inquiry for
refined sugar and prices were unchanged
at 7«- for fine granulated.
Refined sugar futures were steady and
closed unchanged to 5 points net highor,
with sales for May delivery at 7.10c and
June at 7.100)7.15c.
New* York Dry Goods.
New York, Dec. 29.—Cotton goods were
firm with the demand scattered for small
lots. Sales for export to Red sea porta
tills week were about 1.500 bales. Yarn
markets displayed an advancing tendency.
Wool goodie were not expected to be much
higher next year. Advances were an
nounced In aonie carnet arid rug lines, ef
fective January 3. Silks and burlaps wero
steady.
y
N. Y. Curb Bonds
Now York, Deo. 29 —Transaction* on the
New York curb market today wera as lut
lowa;
1 tomcat 1c.
1 Allied Packer .80 80 60
2 Aluminum 7a. 25 103% 103% 103%
10 Atu Cotton Ol! be 96% 96% 96%
20 Am G & K Os ...97% 1*7% 9 7%
VO A L At T 6s w w 100% 100% 10n%
23 Am S Ar K 5a, W i 91** 91 91%
b A T A- T. 6s, 24 ..101% 100% 101%
10 Ana Copper 6s .101% 101% l"l%
7 Ana Copper 7s, 29 103% 103% 1'13%
21 An* Am Oil 7 %s .103% 103% 103%
11 Armour At Co. 7a 105 •** 105 105
11 All G A O 1 6s ... . 52 52 52
3 Bet hi St 7s, Vi .104% 104 % 104%
9 Bet hi Ft 7s, 35 ..102% 102% 102%
6 Can N It e*| 7s ..110% 110 110%
3 Can N It 5a _ 99% 99% 99%
5 Can Par 6 . 101% 101% 101%
1 On Steel 6s ... .106% 106% 106%
1 Cities Serv 7s, “I' 9«»% 90% 90%
12 Col Graph 8s, ctfs 20 21 26
3 Cou G B 5%s . 99% 99% 99%
25 Con Gas Bull 6s . .10$% 103% 103%
3 Cudahy 7s.101 lot 101
3 Deere & Co 7%s . H'l % 101 101%
22 Detroit V G 6s ...lOl 100% 101
20 Detroit HU I ba w t 102% 102 102%
4 Galena S Oil 7s ...1"4% 104 1U4%
7 Grand Trunk 6%a 1<»4% 1'>4% 104’*
15 Gulf 011 7a -103% lu3% 103%
lb llood Rubber 7s ..100 09% 99%
35 Int It T 8s. 23 ..97 9U% 96%
1 Int H T 8.s. ctC ...96 96 9«
1 Kan G A: E ts, A 86% 86% 86%
6 Kan C P At L 6s ...90% 90% 90%
2 Kcnn Cupper 7s ..105% 105% 106%
13 l.uclede G .101% 101 101
1 Libby, McN As L 7» 99% 99% 99%
4 Louisv G At E 6* . 90% 90% 90%
13 Manitoba 7s.97% 96 97 %
1 Morris Ae Co 7%s .106% 106% 10G%
1 Nat Acme 7%s . .95% 95% 9^%
i Nat C Ar. » as ..106 106 106
1 Nat Leather 8s 101% 101 lol%
13 Ohio Power Os .. 90% 90% 90%
2 Phil El 6s .104% 104% 104%
5 Phil El 5%s .102% 102 102 %
8 Pb Sv Crp N J 7s 103 102% 103
2 Robert Gair 7s .. 98% 98% 98%
1 Sears Rbuck 7s 23 101% 101% 101'*
2 Sheff Farms 6%s 100% 100% 100%
22 S W Bell Tel ?h..102% 102% 102%
6 St Oil N Y 7s 25 104% 104 104
1 St Oil N Y 7h 26 104 % 104% 104%
7 St OH N V 7s 27 106% 105 105%
20 St Ol! N Y 7s 2S 107% 106% 107%
1 St OH N Y 6 % a 107 107 107
32 Swift Ar Co 6h.. 93% 93% 93%
6 Tidal Os a Re 7s... 102 % 102 % 102 %
9 tin Oil Prod 8s.. ion 99 loo
1 Wayne Coal 6s... 73 73 73
Foreign.
T 4 Argentine 7s 23...ino% 1<>o% H>n%
25 King NMands lie . 9*-\ 98% 98%
30 Kg Serb f'roats 8s.5H% 65% *>t*%
1 Russian 6%s otft* 9% 9% •%
21 Swiss 5%s .108% 103% 103%
60 U S Mexico 4s .. 40% 39% 39%
llun’a Trade Review.
New York. Dec. 29.—Dun’s, Saturday,
will aav:
“With hardly an exception, commercial
reports are of an increasing favorable
tenor and business will enter into the new
year in a strong position International
trade substantiates the recovery from busi
ness depression that has occurred in most
markets, and the results of 1922. in varl
ouse respects, were better than bad been
generally anticipated. Despite the con
traction in export trade, the point lias
been reached In different basic industries
where production is at a high level, while
orders already booked insure active op
erations for some time ahend. Kven at
this holiday season, which traditionally
is a gulet period, new' demand has been i
of a ataeaht* dimension In certain Im
portant in-tan.-os, and shut ‘lownn «t
many pfants wero of much shorter dura
tion than usually. ^Mating, conditions hi
Iron and steel Mfford convincing evidence
of tin- dedalve character of the buslnee*
revival end more frequently report* are
heard of a shortage of workers In that
f.uarter and sAine other branches of manu
facture. With the fuller employment of
available labor, tho public purfhailnff
capacity naturally lias been appreciably
augmented and tlda phase of the market,
found reflection m the heavy Christmas
turnover. "
Weekly bank clearings $5,768,645,*100.
notion \\ ool.
Boston. I*e«- —Tho Commercial Bul
letin will say Saturday:
“The demand for wool has been slightly
less this, week, manufacturers being mors
concerned with ln\ontorles than tho pur
chasing of new stock, although dealeta
have had opportunities to sell at prices
which they would not consider. What
bUHlncss has been done was at prices
whi'h showed no real weakness in tho
market. The reports from tho goods mar
ket also Indicated a healthy condition of
business although current sales have been
meager."
The Commercial Bulletin will publish
wool quotations as follows;
Michigan and New York fleeces: T>c
Ialn«', unwashed, 54 955c; fine unwashed.
48940c; half blood unwashed, 629frt< ;
three-eights blood unwashed, 61{j6l' ;
quarter blood unwashed, 50c. ,
Scoured basil: Texas fine 12 months,
$1,35 9 140
Fine eight months, $1.30 91.25; fine fall.
)] 15 ft 1.20
California: Northern $1.3091.26; mid
dle county, $1.1591.20; southern, $6c9
$1.00.
Oregon: Kaatcrn No. 1 staple, $1 3n*0
1 3.1; fine and F M. combing. $1.20fte
1 25; eastern clothing. $1.1691.20; valley
No. 1. $1.15 91.20.
Tei ritory: Fine staple choice, $1.38*1*
1 42; on" half blood combing. $1.25 91.30;
three eighths blood combing. 03 91.03;
one-quarter blood combing. 88ft 08c.
Pulled: Delaine, $1309 138; AA. $1,109
1.30; A supers. $ 1.1591.20.
Mohairs: Beat combing. 78 983u8 beat
carding, 70975c.
Kt. 1a>ui» IJvNtofk.
ICast St. Louis, 111., Dec. 29.—Cattle—
Receipt*. 1.000 head; about steady
with light yearlings alow and light veal
era higher at $12.00# 12 50; few steer*
broguht $♦'. 40 6*. '.80; yearlings, 15 r.n#> 7 25;
rows. $4 00iix6.00; canners, $2.3502.60;
bologna bull-. $1.76# 4 05
I logs—-Receipt*, 18.500 head; opened
mostly 10e lower; later 15€?20e lower; one
• hoice load light hog*. $8.60; practical top,
$8.56; bulk 140 to 170 pound average-.
$8.50; I na pounds and up. $8 4008.60:
pigs active; steady to strong, bulk 100
to 150 pound average*, $8 0008.35; lighter
kinds. $7 2507.75; packers sow* weak
to 26c lower; $7.00 07.25.
Sheep and Lambs—Receipts. 800 head;
nominally steady: $14.60 paid for load
good quality natives; balance of lamb*
unsold; nothing choice on sale.
Chicago blocks.
Range of price* of the leading Chicago
stock* furnished by Logan & liryan, 248
Fetera Trust building;
Close.
Armour <K- Co. pfd. 9* _
Armour Leather com. 976
l.dlson com.. 1 30
Diamond Match .. ..117
Libby (new) . 6^
Montgomery-Ward . 23V»
National Leather (new) . 6 T«
Piggley Wiggly . 68 U
Quaker <>at* . 98
Stewart-Warner . 74«4
Swift Co.107 ’4
Swift lilt. 19 M
Wrigiey .103
OMAHA PRODUCE MARKET _
(Wholesale.)
By Sikte Department of Agriculture
Bureau of Market* am] Marketing:
BUTTER.
Local Jobbing price to retailors ia as
follow*: Extras, 63c: extras, in 60-lb. tubs,
62c; standards, 60c; firsts, 45c.
Dairy—Local buyers are paying around
37c for best table butter (wrapped roll)
and 27c for packing stock of beet quality.
BUTTI2RFAT.
Most of the Omaha creameries and buy
ers of butterfat are quoting 45c at thrlr
country stations, and 60c to direct ship
pers, delivered Omaha
EGGS.
On the basis of case count, quotations
run from fin.oo to $]o.f>0 for fresh eggs,
delivered, Omaha. On selected jotH of
extra quality buyers arc paying around
•»0c per dozen, and for No. 2, held eggs
and small eggs, the price being paid
around 26c; cracks, 20c.
Jobbing prices to retailers: Fresh,
fancy, 50c; selects. 45c; storage, selects,
32c; trade, 27c; cracks, 24c.
POULTRY.
Live—Broilers. 22c; heavy liens and
pullets, 16c; light hens and pullets, 12c;
spring roosters, all sizes, 14c; leghorn
poultry about 3n less; old cox. 10c; ducks,
fat, full feathered. 12c; geese, fat, full
feathered. 12c; turkeys, fat, nine lbs.
and up, 30c; no sick or crippled poultry
wanted, nor culls.
Dressed—No. 1 dry picked turkeys,
hens and young toms. 35c; old tom turks,
30c; No. 2 turks, not culls, 20c; ducks,
fat. No. 1, 16c; geese, fat. No. 1, 16c;
country shippers should leave heads and
feet on dressed poultry.
Some local buyers and dealers are ac
cepting shipments of dressed poultry
from country dealers and producers and
re-aelling same on 10 per cent commis
sion
Jobbing price to retailers:—Dressed
Broilers, 34c; springs. 22c; heavy hens,
24c; light h<*ns. 21c; roosters, 16c; ducks,
23c; g"ese, 23c; turkeys. 46c.
RABBITS.
Buyers are quoting the fonow!ng prices:
Cottontails, per doz., $2.00; jacks, per
l doz , $2.00.
BEEF CUTS.
The wholesale prices of beef cuts In ef
fect today are as follow*.
Ribs—No, 1. 2«‘>c; No. 2. 24c; No. ?., Kc.
Loins—No. 1, 32c: No. 2. 29c; No. 3. 18c.
Rounds—No. 1, 15c; No. 2, 14H<-; No. 3.
lie.
Chucks—No. 1, 12c; No. 2, 11 He; No. 3,
19«\
Plates—No. 1. Sc; No. 2, 7 He; No. 3,
6 H c. v
CHEESE.
Local Jobbers are selling American
cheese, fancy grade, at about tho follow
ing prices; Twins, 29 He; single daisies.
30c; double daisies, 29Hc; Young Americas.
30He; longhorn, 30c; square prints, 31c;
brick. 29c
FRUITS.
Strawberries—Florida, p^r quart, $1.00.
Bananas—Based op selling price of 9
per lb.. $4.00®7.50.
Oranges--Extra fancy California navels,
per box. according to size, $4.00®6.60;
choice. 60c less; Mississippi Satsutnas. U
box, $3.60.
Lemons—Extra California. 300, 360
sizes, per box. $10.00; choiof*. 300 to 360
sines, $9 00; Limes.. 100, $3.00.
Grapefruit—Florida, fancy, all sixes, per
bor $5.00; choice. 36-size. $3.76; 46-sizs,
$4.tf; other sizes, $4 75
Cranberries—Bbl . lOu tbs., $13 50®17.00
box, 60 lbs , $8.50; Jersey Howes, $17.00.
Apples—Delicious, according to size and
quality, per box, $2.00®4.25; Washington
Jonathans, per box, $l.66®2.50; Iowa
Jonathans, per bbl., $6.50; bu. basket,
$1.85; fancy Grimes Golden, per bbl.. $5.60;
choice, per bbl.. $3 50; Missouri Pippins,
fancy, per bbl., $1.25; Northern Spies,
per box, $1.90®2 26; choice Hood River
Banana, per box, $2.00; Spitzenberger,
fancy, per box, $2.75; Oano, rancy, per
fchJ.. $4.50.
Quinces—California, fancy, per box, $100.
Pears—Lawrence and Wln#r Nells,
fancy, per box, $3.50; Hood River De
Anjou, per box, $4.00.
Grapes—Red Emperor, per keg, $5.50;
AJmerla (white), per keg. $9 00.
Figs—California, 24 8-oz. carton box,
$2.75; 50-carton box, 13.75.
Dates — Hollowl. 70-Ib. butts, 11c;
Dromedary, case, 36-oz., $6.76.
Avocados—Alligator pers, per dozen,
$12.00
VEGETABLES.
rotaioes—Minnesota ued Illver Ohlos
No. 1. 11.25 per cwt.: Nebraska Early
Ohio?, No. 1. $1.10 per cwt.; No. 2, 75c to
IJ.flO per cwt.
Sweet Potatoes—Bushel basket, $1.75:
ubl.. $5.00.
Old Beets. Carrots. Turnips. Parsnips,
Rutabagas—Per lb.. 2a*c; in sacks, per
lb.. 2Vic.
Artichokes—Dozen. $2.50.
Lettuce—Idaho head. 4-dozen crate
$6.50; per dozen. $1.60; California crate*
$5.60; hothouse leaf, per dozen bunches.
60c.
Peppers—Green, market basket, per lb.,
25c.
Egg Plant—Selected, dozen, $2.75©3.50.
Tomatoes—California, per case, $4.00;
Florida, 6-basket crate, $9.00.
Beans—Southern, wax, hamper, $5.00©
7.00.
Onions—Southern, per dozen bunches,
60c; Ohio Whites $3.0o per cwt; Imported
Spanish, crate, $2.50; Red Globes, per lb.,
2 Vic.
Parsley—Dozen bunches. 90c.
Spinach—Per bushel. $1.26.
Cauliflower—California, crates, $2.76.
Cabbage—Crates, per lb.. 2Vic; sacked,
2c; red. per lb., 3c; celery cabbage, per
lb., 15c; Bruss..ll sprouts, per lb., 20c.
Celery—Michigan, per dozen. 60©75e
Idaho, per dozen, $1.35® 1.60® 1 .SB; Cali
fornia (not trimmed), per crate. $7.00.
Cucurhbers—Hot house, per dozen, $3.60.
Garlic—Per lb.. 25c.
FEED.
Omaha mills and Jobbers are soiling
their products In round lots at the foliow
‘or prices, f. o. b. Omaha:
Bran, $26.00; brown shorts, $26.00; gray
shorts, $28.50; middlings. $29 f‘0: reddog,
$32.00; alfalfa meal, choice. $29.00; No. 1,
$37.00; No. 2. $24.00; linseed meal, $56.00;
cottonseed meal, 43 per cent, $53.60; hom
iny feed, white, $29.50; yellow. $29.60; but
termilk, condensed. 5 to 9 barrels, 3.1c
per lb.; flake buttermilk, 500 to 1,500 lbs.,
7He per lb.; egg shells, dried and ground,
lUO-lb. bags., $25.00 per ton.
HAY.
Prices at which Omaha dealers ar#
selling In carload lots follow:
Upland Prairie-—No. 1, f 16.50@16.00; No.
2, t13.50@14.&0.
Midland Prairie—No. 1, $14,000 1 5.50;
-No. 2, $12.00@13.00; No. 3. $H.0ft@ 10,00.
I.owlnnd Prairie—No. 1, 110.00012.00;
No. 2. $8.00@9.00.
Alfalfa—Choice. $22.00 @ 23.00; No. 1,
$19.60031.00. standard, fl7.60@19.00; No.
2, $ 1 4.50 @ 1 H.50; No. 3. $12.00014 00.
Straw—Oat, $8.00(010.00; wheat, $7.00@
9.00.
FLOUR.
First patent. Ha, I7.3u; fancy, clear,U».
$G.15. Quotationa are f. o. b. Omaha.
SEED.
Omaha buyers are paving the following
prices for field seed, thresher run. de
livered Omaha. Quotatons are on ths
basis of hundredweight measure:
Sued—Alfalfa. $12 00 to $18.00; red
clover. $10.00 to $17.60; alsyke. $8.00 to
116.00; timothy, $4.00 to $6.25; Sudan
grass. $8.00 to $10.50; white blossom
sweet clover, $6 00 to fll.OO; millet, high
: grade German. $2.26 to $2 76; common
millet, *1.50 to $2.00; atnber sorghum
cane, $2.26 to $3.00,
HIDES. FURS. WOOL.
Price* printed below are on the bast* of
buyers’ weights and selections, for goods
delivered at Omaha: •
Current receipt hides. Ho and 10c; green
hides. 9o and 8c; bulls. 8c and 7c; brand
ed. 8c; glue bides. 6c; kip, 12@10%c;
calf. 13@lltyc; deacons. 80c each;
glue calf and kip, 6c; horse hides, §4.60
and $2.50 each; ponies.$J.75 each; colt*.
25c each; hog skins, I5c each; dry hide?.
No. l, 16c per lb.; dry salted, 12o lb.; dry
glue, Cc lb.
Wool pella. $1.25 to $2 00 for full woolerl
aktns; spring lambs. 76e to 90c f>r late
take off; clhw, no value; wool, 30o to *6o.
Tallow. No. 1, 7c; B tallow, 6c; No. 2,
6He; A grease, 7c; B grease, 6c; yellow
grease. 6c; brown grease, btyc; pork
cracklings, $80 per ton; beef crackliigs.
$60 per t-»n; beeswax. $20 per ton.
Fura—Skunk, central stales, ns* row
stripe, N’o 1 large, $3.00; No. 1 njedt im.
$2.00: No. 1 small, $1 60; No. 2 good un
prime, $1.°0. Muskrat, western, fait ;a -g*.
$1.75; medium. $1.00; small. 76c. Race* on,
central, ordinary, large, $5.00; med! im,
$3.60; email, $2.25; No. 2, $2.25. M/nk,
central, ordinary, large, $5 60; medl im,
$3 75; small, $2.25; No .*1. $1.60. Wylf,
northwestern, soft, large, $12.00; medium,
$9.00; small, $6.60; No. 2. $3.60. Fox. cen
tral. grey, large. $2.00; medium. $1 60;
small, 75c; No. 2. 75c. Civet, prime, €0
@25c. Lynx cat. $8.00@1 00. Beaver, le
gally caught. $30.00@5 00. Fisher, $76.00
@10.00 House cat. 50@10c. Lynx, $16.00
@5.00. Otter, $30.00@5 0o. Weasel, white,
$ 1.00(ft?25c. Wild cat. *1.600250. Bidder.
$1.60@ 10c. Marten, $40.00 06.00. Btar.
$26 00 @1.09.
This simple treatment
clears the head.loosens irritating
phlegm, cools inflamed, stinging
tissues and breaks the cold.
See bottle for simple directions.
Go to your druggist—spars
yourself serious trouble — start
now to taka
DR. KING’S
-asyrup for coughs &cvidt J
On Hands, Elbows, Limbs and
Chest. Cuticura Healed.
"For nearly four years I was
troubled with eczema on ray bands,
elbows, lower limbs, and portions
of my chest. It broke out in s rash
and the skin was very sore and red.
The itching was intense causing me
to scratch. The itching was worse at
night, and the resultant lose of sleep
rendered me incapable of performing
my work.
"I tried Cuticura Soap and Oint
ment. The first three applications
allayed the itching, and in less than
two months I was healed.” (Signed)
W. C. Tanner, 105 W. Columbia
St., Springfield, Ohio, Feb. 27,1922.
Cuticura Soap, Ointment and Tal
cum are all you need for every-day
toilet and nursery purposes.
R-npl- lech Pr-.br M-U A.idrrm: "OlSnrtUk.
•rMartaa. D-pt S. Ifufe. «l. Sw," Sold r—rr
whwrjv^Soap 26c. Ointment 2S and 60c. Talcum a*.
■V"Cuticura Soap iIuvm without mat.