davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-01-14
NEW HIGH PRICES
SCORED BY BONDS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 1.-THE same
general characteristics-sl de-
clines in liberties with the rest OF
the list strong-wbich appeared in
yesterday bond dealings marked the
two-hour session this morning.
Numerous new high prices We're
made
French bonds continued firm, while
Belgian TVS, republic of Chile S's and
Canadian issues rose about point
Dominion of Canada 6's of 1881
struck fresh top, a point above
their close of last night. Inter
went still higher. Other fractions
were steady. American Telephone
and Telegraph 6's, Chile Copper 6's.
New York Telephone 6's of 1871, New
York Edison 61s's. Steel sinking FUND
SIS and Sinclair Oil 7a's all reached
their best prices in over a year.
Rails Advance.
Railway bonds advanced on the
average more than a half point
Atchison As were among the leaders
to get to high levels and Oregon
Washington Railway and Navigation
Company refunding As gained two
points to their record of 81.
Dealers here in Canadian provincial
bonds had no trouble this week IN
selling this class of securities The
market, due partly to higher levels of
Canadian exchange and stimula ted
partly by successful sale of new
offerings, was strong.
Prices rose substantially above the
quotations of the previous week or
50. There was an exceptionally good
demand for per. cents and snort
term Ontario issues sold around Il
go basis, which reflected increased
inquiry for bonds of the provinces.
Evening star., 1922-01-14
THE WEATHER

District Of Columbia Generally
cloudy tonight and tomorrow: warm
er tonight; lowest temperature about
25; increasing southerly winds.
Maryland-Unsettled weather, pos
sibly light snow tonight or tomor-
row: warmer tonight; increasing
southerly winds.
Virginia = Mostly cloudy tonight
and tomorrow; warmer tonight; in
creasing southerly winds.
West Virginia-Cloudy tonight and
tomorrow, probably light snow in
north portion; warmer tonight.
Records for Twenty-FOur Hours.
Thermometer4 pm, 80; s pm,
80; IL midnight, 81; am. 10; 8 am,
10: noon, 80.
Barometer pm. 2s.sS: s pm,
1904: IL midnight, 30.09; 4 am, 3O.17;
s am, 1890; noon, 1896.
Highest temperature, 80, occurred
at 4 pm. yesterday; lowest temper
ature, II, occurred at 4:30 am. today.
Temperature same date last year
Highest, So: lowest. 81.
Condition Of the Water.
Temperature and condition of the
water at am: Great Falls-Tem-
perature, 80; condition, slightly
muddy.
Weather In Various Cities.
Evening star., 1922-01-14
DECLINE IN sHIPBUILDING.

NEW YORK, January IA. - So
marked has been the shrinkage in
shipbuilding that this country today
actually has a smaller percentage of
the total construction of the world
than 1t had before the war, says
Lloyd's Register, covering returns for
quarter ended December 81.
Three months ago France, Holland
and Italy were all constructing less
tonnage than this country. Today
each is building more than American
yards have under way. No returns
are available for Germany, but the
total of construction there is prob
ably second only to that of the United
Kingdom.
AS compared with the preceding
quarter, 1t is stated, the total ship
building throughout the world at
p1 esent shows a decline of more than
million tons gross, of which the
British decrease represents about 640,-
900 tons, the American about 215,O0O
tons and that Of the other countries
combined about 225.ooo tons
Evening star., 1922-01-14
FINANCE AND TRADE NOTES.

Jewel Tea Co.'S report is expect
ed to be ready for issuance to
stockholders next month and will
show a moderate profit for 1921. COM
pared with heavy deficits in the two
preceding years.
Gillette Safety Razor has declared
stock dividend of 2h per cent, pay
able June 1 to holders of record May
1, in addition to the usual quarterly
cash dividend of SO a share, payable
March L to holders of record jan
uary 81.
An order for 1000 freight cars has
been placed by the Illinois Central.
Haskell & Barker Company will build
700, American Car and Foundry 500.
Western Steel 400, and Standard Steel
400.
Western Maryland road announces
that it's local shops and roundhouses
at Hillen Station and Port Coving-
ton, Md, have been leased by a con-
tractor and will be operated by him
beginning midnight Sunday.
Evening star., 1922-01-14
RIBBON DEALERS CHEERED.

NEW YORK, January 14.-Out-of-
town buyers are giving considerable
manufacturers by placing many ad-
yanced orders for ribbon in spite Of
high costs. Orders are said to have
been placed much more freely in the
last few days and stocks on jobbers'
shelves are reported as small. Retail
ers likewise have small stocks on hand,
and, although out-of-town demand is
strongly favoring narrows. fancies
and broads are receiving much more
attention than for some time.
Evening star., 1922-01-14
STOCK MOVEMENTS REFLECTING
TRADE TREND, NOT MONEY RATE
Weeks Advances Tantamount to Vote of
Confidence for Those Who Have Opti-
mistic Forecast of Years Possibilities.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 14.-Market
movements during the past week
have not thrown much new light
upon the outlook for the new year,
any hesitation that might have
been felt because of the disappoint-
ing prices in the opening days of
1922. The opinion expressed a week
ago has been fully borne out. namely,
that the sagging then in the stock
market was partly the natural reac-
ton after month or more of ad-
vance, and partly an expression of
rather of unreasoning disappoint-
ment in speculative quarters, because
the new year did not begin immedi-
ately with revival on and off the
stock exchange.
The week has seen the balance re-
stored. Professional traders had sold
out their stocks by the beginning of
the period and many of them had
gone short. The talk of further re-
action was so in the air that the pub
lie was frightened off from the buy
ing side, but the more important
Stock-oWning interests We're not SELL
ing. in fact, one the part Of this ele-
nent there was considerable buying
back OF holdings on which profits had
temporarily been taken in December
Thus the inside position of the
market became very strong again and
this was clearly enough revealed in
the price movement during the latter
half of the week.
Inventories "a Trade Check.
The first ten days or two weeks of
January is always the inventory taxi
ing interval. 1t is not time when
normally business operations are
starting up. The fact. therefore. that
50 far the new year has brought no
indication of further trade recovery
is not in the least surprising. Steel
and iron authorities have said that
the mills are running on d somewhat
less percentage of active capacity
than they were last month. But they
still believe that after the inventory
period is over orders will commence
TO pick up. What is true of steel is
true of many other lines.
In past years January has more
often than not been month of ris-
ing prices. both in stocks and
bonds. This was the rule when
money rates were the paramount
influence. Money flowing back from
the interior to swell the Wall
street supply was stimulus to
investment and an Encouragement
Evening star., 1922-01-14
CLOTHING PRICES REDUCED.

NEW YORK, January 14.-In clear
ance sales here retailers quote values
offered at large reductions. Increas-
ing competition is given as the prin-
cipal reason for the low values offer
ed, but it is well known that stocks
are heavy and must be moved for in
coming spring lines. Woolen men are
watching the progress of the sales
with much interest. The average
trend of prices in larger stores circu-
late around the $50 and S35 offerings,
but stores in less favorable locations
are displaying merchandise priced as
low as SIS and $40.
Evening star., 1922-01-14
NOVEL ELECTRIC CLOCK.

NEW YORK, January IA novel
electric clock for use in homes, Of
fees and automobiles is now being
put on the market. 1t is operated by
a self-contained battery, and no wir
ing or winding is required. The bat
terry runs the clock for a year with
out renewing. The movement is jew
eled, and the clock is guaranteed to
keep satisfactory time. So much faith
has the manufacturer in its ability
to give satisfaction in this respect
that a bond of well known casualty
company is given with each clock
sold to cover any possible dissatisfac
ton on the part of the customer
Evening star., 1922-01-14

also to speculative activities. Fre-
quently these January booms would
last over into February, to he fol-
lowed by reaction extending through
the month of March.
This week has seen United States
war loans. some of them, at the best
prices ever reached others at the
highest level since the turn in the
investment situation came seven
months ago.
The stock market is not concerned
as it used to be with the money mar
ket. but rather with the course Of
trade. Its advance this week is tam
tamount to a vote of confidence that
those are right who think that 1922
viii be "A year of slow. gradual i'm
provement that competition for new
business will be sharp enough to keep
down prices so that there VIII be no
very large profits. but that for man
ufacturing and mercantile establish
mentS, which have written off their
losses and are in good shape at the
banks, it will be favorable year.
French Crisis Has Small Effect.
The change in the French govern
ment from a group disposed to work
disintereStedly for economic restora-
tion in Europe to a group which has
a much narrower and more selfish
view is certainly not pleasing de-
velopment 1t has had no more ef-
feet in the markets generally, only
because financial circles have never
allowed themselves to become too
enthusiastic about what would be ac-
complished at Cannes. or at the still
more important conference which lS
to meet in Genoa the month after
next. The party--and this includes
the commercial and financial inter
ests of the whole world-that would
like to see the German reparauons
modified. SO that the German mar
ketS could he opened up, have re-
ceived a setback. The decline in
German exchange during the week is.
Of course. one symptom which car
ries its own Interpretation. ON the
other hand. the strength Of sterling
and the way in which the French
francs have stood up in the face of
the political crisis are suggestive of
hope that the plans to bring about q
general commercial reconciliation
throughout Europe viii not be Sc
riously interfered with.
The federal reserve banks did not
mark down their discount rates AZ
this weeks meeting, AS anticipated.
But action of the sort can hardly b.
delayed with the reserve perccntag"
up to nearly I5 per cent, as againsi
II per cent n week ago and As per
cent last year at this time.
copyright. 1922
Evening star., 1922-01-14
COTTON MARKETS.

NEW YORK, January 1.-THE cot
ton market opened steady at an ad
vance of to 16 points on the more
optimistic tone of European political
news. firm foreign exchange rates
and the census report showing do
mestic consumption of 511.S00 bales
for the month of December, against
295.292 last year. There was con-
siderable realizing and scattered
southern selling at the advance to
1904 for March and 17.65 for May.
however, and prices eased off several
points after the call in a compare
lively narrow market. Sales of print
cloths in the Fall river market for
the week were only 10000 pieces, but
London cables said there was a de-
cidedly optimistic feeling in the
Lancashire goods trade.
Futures opened steady; January un-
quoted; March. 1901; May, 1850; July.
l7.15; October, 1850.
Evening star., 1922-01-14
CRABS AND TURTLES SEEN.

WILMINGTON. Del, January IL
For the first time in several decades
crabs and turtles have appeared in
the Delaware river in January, which.
fishermen say. presages an early
break in the wintry season A fish
erman who accidentally broke the ice
in a little estuary of Delaware river
below here was amazed to find crabs
squirming on the bottom. Turtles
were seen crawling on the banks
Crabs and turtles appear only as the
worst of winter has passed. the river
folks traditions record, and it is said
by them the advent of spring is close
at hand
Evening star., 1922-01-14
NOVEL TRADE METHOD.

NEW YORK. January IA unique
method of merchandising is being
used successfully by local furniture
dealer. His scheme is to cut down
overhead expenses by engaging a
small store for display of a sample OF all
his products. He carries no stock for
direct purchases. The wouldbe pur-
chaser selects the furniture desired
from the samples displayed and the
order is sent by the dealer direct to
tho factory. which sends the article
direct to the purchasers home. In
most instances the consumer is saved
anywhere from 15 to As per cent of
the retail price.
Evening star., 1922-01-14
BERLIN BANK STATEMENT.

BERLIN, January 14.-The state-
ment of the Imperial Bank of Ger
many, as of January Z, shows the
following changes:
Total coin and bullion increased
100000 marks. Gold increased 5000
marks. Treasury notes decreased g.
O6O, ,551 900 marks. Notes of other
banks increased 1,514,00O marks. Bills
discounted decreased 14,3S2,576, 900
marks. Advances increased 1881 900
marks. Investments decreased 1884,
900 marks. Other securities decreased
934,912,000 marks. Notes in circula-
ton decreased 4s9.5s2,Q 900 marks. De-
posits decreased 16.0S2,903.000 marks.
marks. Total gold holdings, 9s5. 1885,
900 marks
Evening star., 1922-01-14
GRAIN AND PROVISIONS.

BALTIMORE. January IA Especial
Potatoes. new, l50-pound, 3.40a3.sn.
No. .. 2.o0a2-25; 100 pounds. 1.15a2 10,
No. ,. 1.00aI25; sweets and yams
hushel. 1.oOal.60: No. ,. 5Oa75; beans.
hamper. l.60a3.50: beets. buShel. 15a
50: broccoli, %; cabbage, ton, 30. .0Ua
5000; carrots, bushel. S5a1.0O; cauii-
flower, barrel, 2.O0a 100: celery. dozen.
a5al.5o; cucumbers. crate, 6.o0aS.o0:
ish bushel. i.00a4.25; kale. barrel, LILO
ALPS.
Lettuce. basket. I25a2 so; onions. 100
pounds. 6.00a7.50: No. ,, 3.00a4.0o;
oyster plants, bunch. 7as; parsnips.
bushel. 15aso; peas. hamper, 4.o0a
ishes. bunch. 4a5: savoy cabbage,
bushel 15aS0: spinach, l.50al-15.
squash, crate. 4.00a4.5o: tomatoes,
crate. 3.o0a60o; turnips, basket.
50a60.
Apples. packed. barrel. 450as.O0:
No. ., 3.50a500: bushel. 1.25a2.50; box
apples. 2.00a4.0O: cranberries, barrel.
300oa35.00; grapefruit. box, 2.0oa
400: oranges 25Oa4 90: tangerines.
strap. 5-00a7.5O: strawberries, quart,
a5a45.
Closing Prices at Noon.
Wheat-No. / red winter. spot, no
quotations; No. > red winter spot,
LIE; No. , red winter, garlicky.
spot, l.15l2.
Corn-cob, old, yellow, quoted at
2.90a2.95 per bbl.; No. 3, spot. SO y
No. 4. spot, 5S1s per bu.; yellow, No.
2 domestic or better. 81 per bu.
Sales-2.200 bus. Of No. ., white,
at sos per bu.; 2,200 bus. of No. .,
white, at 4s7s per bu.
Oats-White. No. .. 46a46l2 per bu.:
No. 3. 43 y ali Il per bu.
Rye-Nearby. s5a96 per bu.; No. ;.
western export, spot, 81; No. ), no
quotations.
Hay-Receipts, is tons; range is
100 70 2l.00 for fair TO choice inothy
and mixed hay.
Straw-No. / rye, nominal, 1880:
No ! wheat. tangled. 1l.00; No. ]
oats, nominal, ll.0oall.5O.
CHICAGO, January il.
Toward the close the trade livencd
up a bit on rumors of export demand
in sight for next week. Final wheat
prices were: May. l.11as to LII Is,
and July, 1.00h to LOOK.
There was little doing after the
initial setback and trade died down
to a minimum. Final corn prices were
52A to 527s for May and 81 q bid for
Evening star., 1922-01-14
REPEAT GIRDLEs FOR SPRING.

NEW YORK. January IL From
nresent indications. fancy girdles will
reneat for spring a great deal of the
nonularity they enjoyed during the
faII season. These articles, in fact,
together with bead necklaces and ear
rings, are expected to top the seasons
damand for popular-priced dress ac-
cessories, Among the things now be-
Ing shown are a variety of importa-
lions which arc priced very low.
Evening star., 1922-01-14
VICTORY BONDS POPULAR.
MONTREAL, January a.. - I'll

MUNTREAL, january II. = IHeFe
continues an unabated demand for
Canadian victory loan bonds at firm
prices All over the country people
are putting their money into the long
term issues. In the rural districts
mortgages are becoming less popular
and government bonds are taking
their place.
This is regarded as indicating a
generally improved economic situa-
tion on this continent before long.
Optimism seems rife. although no inn
provement in conditions Is expected
before early spring, nor is it even
hoped that this Improvement will be
rapid.
Evening star., 1922-01-14
BUYING PROGRAMS OF RAILS
4 SPREAD TO ARTERIES OF TRADE
Prospective Plans for Outlay of Millions
:::Set Every Business Nerve Tingling With
i Activity-Competition Keen.

in other sections. Reopening of the
west, scheduled to take place in the
next fortnight. will mean hundreds
of thousands Of dollars distributed to
merchants throughout the mining
sections who depend on the mine pay
rolls for much of their custom.
In every section of the United
States breakfasts are costing less, for
there has been a universal drop in
the price of eggs. Prices have fallen
sharply as a result of mild weather
and increasing shipments. Butter
also has been similarly affected.
Unemployment is decreasing and is
expected to continue to do so until
the advent of spring absorbs the idle
farm hands and other outdoor
workers,
Evening star., 1922-01-14
Washington Stock Exchange.

Capital Traction $500 at 95, 81 900 at
95h.
City and Suburban 5s-S1 900 at 7S.
Washington Railway and Electric 4s-$1 600
at 671..
Potomac Electric cons 5s-s1 900 at 80.
Potomac Electric g. m ISL 600 at 80,
81 900 at 81. So. go at 90.
Capital Traction at 81. at 97A, 5 at
G71,. at g1h.
at 4o4, 10 a, 4o1i. s at 4Oi.
Lansron Monotype-1O at -. 20 at 71A.
% at 713s, at 71R, 20 at 71E.
Mersenthaler Linotype at 129 ) at 129
AFTER CALL.
Capital Traction os-S1 900 at 95h, $500
at 95h.
Washington Gas 71as-SJ00 at 1854
Washington Railway and Electric pfd-5
a
Evening star., 1922-01-14
MORE IDLE FREIGHT CARS.

NEW YORK, January IA. - Idle
freight cars totaled on December 81
618,675 cars. an increase of 66,302,
compared with those Of the preceding
week, according to official report. The
decline was ascribed, in part. to less
ened demand for cars during the holi-
days. OF the total, 470.516 were sur
plus cars in good repair, and the re-
mainder, 1850. were in bad order.
Evening star., 1922-01-14
CLOSING IS STRONG;
TRADING IS BROAD
Market Is Altogether the
Most Active in Nearly
a Month.
by STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, January IA. The
stock market again today was the
only quarter of the financial situa-
tion which developed anything Of
Importance. Nothing of consequence
happened in foreign exchange. in
grain or in cotton. The advance In
victory and liberty bonds. which has
been such feature all week, was
checked. and there was little change
in bond prices generally. but in
stocks 1t was the most interesting
and important market of the year.
The upward movement. which be-
gan wednesday and gained force dur
into a really lively advance. which
included the majority of the indus
trial list and quite a number of the
rails
Most Active in Months.
1t was altogether the most active
trading that has been seen in nearly
month. Motor stocks and related
issues, such as the shares of motor
accessories companies, took the lead
ut the start, but the buying quickly
reached out in other directions as
well.
Stocks of food producers, wooden
and leather stocks and number of
iuouStrlii SpeClaltleS OF the type OF
the National Lead came in for at
tention. There was heavy buying OF
Steel common and Midvale with SYM
pathetic advances in the other mem
berS OF the steel group.
Traders who had sold these stocks s
short anticipating very poor earning
statements for the last quarter OF
1921 awoke to the realization that it
is not what happened last year, but
what is going to happen this year
that the market is Interested in.
Motors the Feature.
The motor stocks started off with
rush, partly continuing the movement
begun yesterday and partly respond
ing to the accounts of what these
companies expect to do this year III
the way of new business. Chandler
Motor was notably scarce on the W.
up. but the buying in Studebaker, If
not as urgent, WAS none ll,. 49, gu
fident. There was little to be added
to the information given yesterday
regarding these two companies.
Studebaker had record last year in
point of production, yet expects to far
surpaSS this record in 1922, the calcu-
lations being based on the business
already booked. From orders on
hand. Chandler expects to turn out
during the first quarter this year 5000
cars, which is as much as it did in
the last three quarters of 1921.
Evening star., 1922-01-14
CUT FARES. MORE BUSINESS.

NEW YORK, January 14.-An in
statesmen on the road will follow
decreased passenger fares and Pull
man rates, according to replies re-
ceived to a questionnaire sent out
. few days ago by the National Coun-
Oh Of Travelling Statesmen. The coun-
oi1 II backing the movement for the
Issuance of interchangeable mileage
books and the repeal of Pullman sur
pAArEeA
Evening star., 1922-01-14
FOREIGN EXCHANGE.
NEW YORK BANK STATEMENT,

NEW YORK, January 1.-THE
actual condition of the clearing house.
hanks and trust companies for the
week shows that they hold $16,15S,3O0
in excess of legal requirements. This
n ;S q decrease Of s4O,5S5,s70 from last
week.
Evening star., 1922-01-14
DAIRY MARKETS.
CHICAGO LIVE STOCK MARKET.

CHICAGO. January IA Omitted States
bureau of markets). - Cattle - Re
ceiptS, 1000 head; compared with
week ago. beef steers and fat she
stock, 15a25 lower; bulls steady to
Is lower: Gamers and cutters about
steady; veal calves steady to 25
higher; stockers and feeders, 25a35
higher.
Hogs-Receipts. 5000 head: largely
15a25 lower; holdover, moderate. most
ly lighter weights; market closing 25a
30 lower than Fridays average; top,
S1Oa1O00: bulk, 7.50a7 So: pigs, 25 lower;
bulk desirable. S.00aS.25.
Sheep-Receipts 1000 head; today's
receipts nearly all packers direct;
compared with week ago, all classes
5OaI5 higher.
Evening star., 1922-01-14
Lumber.

PHILADELPHIA, January ii (Spe-
ciaD There is demand here for
10000 moderate priced dwellings and
lumber men are preparing to pro-
mote building by sweeping cuts in
lumber prices and the encouragement
of quantity purchases by builders.
Evening star., 1922-01-14
FurS,

KANSAS CITY, January ii (Spe-
ciaD.-The demand for furs continues
steady with prices firm. Oppossum
pelts are especially strong. More raw
skins are being marketed here than
for many years, as farmers. who
formerly did not take the time. are
not ayerse this winter to picking up
a few dollars with trap and gun.
Evening star., 1922-01-14
Commodity Reports
From Various Sections
Steel.

PITTSBURGH, January Ii (Spe-
ciaD.--Mill operations are expanding.
After being closed nearly a year. No.
l department of the Allegheny Steel
Company, is expected to resume Jan
uary 16. Ten mills are working at
the Breckenridge plant of the West
Penn Steel Company and its produc-
tion is expanding in the Allegheny
valley On Monday morning the plants
of the Pittsburgh Steel Company at
Monnessen will resume in part.
Evening star., 1922-01-14
EGGS.

ST. LOUIS. January IA (SpeciaD.-
The price Of eggs has declined here
to % cents a dozen wholesale, COM
pared with 81 cents last year They
are retailing at 35 to 40 cents, com
pared with 80 in 1921.
ATLANTA, January IA (SpeciaD.-
Eggs have dropped from 55 to As
cents a dozen here and yard eggs
are selling at 60 cents. compared
with 20 cents a week ago. This is
the lowest price touched in January
in a number of years.
Evening star., 1922-01-14
n Otes.

DENISON, Ohio. January IA (Spe-
ciaD Only a few of the women who
took jobs in the Pennsylvania rail-
road shops here during the war are
left on the payroll. OF the 200 en-
ployes just laid off. twelve were
women who had been in the plant
since the beginning of the war. only
two or three of the 200 who were
taken at that time remain.
NEW YORK, January IA Especially.
There are now ten ships loading at
American ports with seed grain for
Russian relief. OF these two are in
New York, four at Baltimore and four
at New Orleans. Bids for corn and
bv the purchasing commission next
Wednesday.