Evening Star Newspaper, October 25, 1926, Page 23

FIN COTTON DECLINES INTRADING TODAY Southern Selling, Big Esti- mate and Liverpool Weak- ness All Have Effect. By the Assoclated Press NEW YORK, October futures opened barely —Cotton The market vy today, at a de- cline of $ to 15 points, selling off to 12 making pew low ground for the move- ment ¥ s 1 under Southern sell- tng and renewed iiquidation promoted by relatively nd 1 » positions were comy howev ing pro few points in the north helt, and a disposition to even up in advance of the (Guvernment report. January rallied to 12.33 on demand of this character and was holding around 12.30 at the end of the fir hour, when the general market was about 12 to 14 points net lower. New Or NEW ORLI Cotton future rn part of the ns Marke and to last moment lquidation and selling in ance of the Government report is ed this morning F trades showed losses of 13 points s and al- hour the market ‘he lows. D) CROP SEEN. Estimate £27,000 Over October 1 Figure, Yield Jumps Bales largest Department of Agri- pliced the indicated 17.434.000 bales of 500 weisht more than in 1 and exceeds the previous record crop by more than a million and a guarter bhales Repor 10 all parts of the cotton Jowed that production this year i had been expected and + vield of ling eotton per uld he approximately 176.7 more than indicated on Oecte heavy vicld produ intion of the cotton worm. coupled with wirm advanced the maturing of - Bolls and per mitted? rapid to October 1% mning | hales, G bales to that d: STEEL SCRAP ADVANCES. tober 25 (P) Corpora- redemption 1o vrent on January 1, at 103 and interest. Th which ma- ture in 194 1 emed at the | Internation Co.. Denver, the Bankers' Trust Co. of New York BANK CLEARINGS SAT Bid and Asked Pnces. k BONDS. PUBLIC UTILITY cotton crop | The | - | hundreds, I tncome ANCIAL Following is a stoc Curb list traded in on Market tod INDUSTR Sales in hundreds Gt_ South. 15 Ala Gt South pr 12 Alb Bar vie Ao 05 new 'y Ama ‘ons G Balt new R R Cuba p C ulds, Ltd s E'bta B | | Sales Anando Con new wi B Mines Sales in hundreds. 11 Am Con Oilfids A o | | ‘wn STANDARD OIL inunits 1300 Anelo Am 01 1300 Ang 500 An, BY GEORGE Income S the NDENT OIL atements. statements Vi NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office of bonds and | New York | STOCKS. 1 1 4 1 I1SSUES Some of b of detail; others summ only. Some merc { companies, insuince yamount of s 102 {koods sold, 7 | two heing the i0i"" |y tel 5 100" ] 2 th STOCKS. | der is net pro PUBLIC UTILITY. {content themselves ! net profit without bot 10i% | how it was arrived at. 0% NATIONAL B2 Cavital Amertean Se ntinental mmerce & Fanmwamn frrents i ‘Washington FIRE INSURAN American . : Corcoran colymbta )}m »lue 1 % tie Inv. of MISCE] . C. Paper T raderal Stora ohe T 5 | Lt | first-named method {uable to the inve: here is no set ru 1 companies which they s income account the accountin; roads are p terstate Comme full inform or le as to e ug h the fact ate as di I rezulation n practice. while it is all pe fullnes cone it Now { data cover iis not the is o the i 11y condensed | be placed alongside the volume of or decreasing often_ highly ¢ be par whethe In the next article the points to be ne of the simplest form: and then the with mak rves for preceding period: is given, for example, is nue, it can at least be 1 down of income s ments will be indicated. herin Obviously the among the 1 put other publi that the) sished es for busine Th illur ‘d from stu uo-‘ | | { Downturn in Liverpool Quo- | nead ¢ 000,000 bushels this > B up by imports Ul‘ Meanwhile, it is pointed | |out. the French rye crop this year is | \WHEAT SCORES GAINS ON TRADE OUTLOOK| Market Firmer in Face of Sharp tations Today. By the Assoclated Press. CHICAGO, October Prices here | develoned notable firmness early to- n the face of o sharp downturn seculative o surplus ra 1y run into decres » for 1927. Opening % cent t off. the Chicazo wheat mar- i Cor firm, corn nt off. but then turday’s finish. in Liverpool wheat seribed to difficulty | al shipments b ce, although ive to wheat ed as a bull-| at Liverpool w: ish factor on this side of the Atlantic. | The T 1t crop was officially estimated 18,6/ i ray o requirements 2,000,000 Dushe According to imates her « would indicate smaller than usu R RUBBER UNCHANGED. EW YORK, October 25 (Special).— e rubber, smoked rit . were unchanged at today! of 43 1.00 1050 115 1.00 11600 1.2 12100 First English Coach in 1555 It was the tom of the London- | . to take a boat on the | order to get from one part nother. Most of the ! t feet wide and traffic and pack » only modes of trans. the Market for E eve horses w ition, says er Ripon made a coach of Rutland—the first made in England. The| n he made one for Queen Mary: and in 1564 Queen Elizabeth in- lzed a fat little Dutchman 1 When in 1613 the num- ased that endangered the busi itermen on the Tham ested to Parliament th be ted to 430; re were 2,490 hack. London plying fur 1tmen on the Thames be- frantic in their efforts to ent to suppress or limit ches. Pepys, was de ted when he could buy a second- coach, and it was said he was | i with a new toy as he sat | ‘s in Long Acre and painted from 3 o'clock until 8 at night. But v when his coach knocked two of meat off a butcher’s stall and noon d to illing to compen- | for the loas of the me his | | thrifty soul was most perturbed. He forsook his coach and thereafter went more often by water, { Private dispatches from Chic | POEPEP 0000000000000 000000 SHIPS ARE NEEDED INCOTTON TRADE Shipping Board Actmg to Re- lieve Situation Caused by British Coal Strike. BY J. C. ROYLE. al Dispateh to TR Star YORK, October ard has promised to send to the Gulf ports within | the next 10 days to relieve in part | the congestion of cotton and grain for | Europe which has piled up. Full re- lief is not promised until some time in November, when additional shi now undergoing repairs, will be able. Fifty ships are promised before the cotton movement reaches its pea This scarcity of shipping is part responsible -for the recent rise in wheat prices which has taken place | in Liverpool. Great Britain is un- able to move wheat effectively in her own vessels owing to the coal strike, which has left merchantmen with empty bunkers. Montreal is chock- ablock with grain, which is’ piling up faster than it can be moved. Many Vessels Laid Up. { In the meantime the Shipping Board has a large number of vessels | laid up and unable to take advantage of this situation. Yet the board is holding meetings at Charleston and otker Southern ports to inquire why American shippers are not using Ship- ping Boar Vi Anything which affects the speedy movement of cotton is of the utmo: importance right now, for the drop in | value of that staple has not only cut off profits from the South but cut off Southern trade from the remainder of of the count Great Britain is showing no hesitancy about buying cotton, although her mills are closed or slowed down owing to the coal strike. Cotton experts this attitude is based on belief in the growing demand for manufactured goods throughout the world. They say this same de- mand is the brightest spot in the cot- ton outlook. { Althos the decline equaled 3335 per cent since August, according Hester, secretary of the Cotton Exchange, the cotton was without rhyme or reason, e supply is large,” he said. 5.—The “1¢ to be the atest cotton »wn. It comes on the liberal carry-over, but the | supply not unwield| needed to meet the grow: for manufactured goods over. and it is g demand the world Consumption Gain Shown. The inereased consumption 'n_in the automobile tire ng to production present output, the tire manufactur- i 1000,000 L000,000 mor cotton high s, for the ex- me on top of n fabric and In the last e months the aggregate output ot Akron factories alone approxi- 130,000 tires daily. Original equipment demand h: dropped off slightly with the slacken- g of automol outturn, and manu- were forced to cut e of business about spelled rubb F) vl cut, \\h h \\lH .IHN‘L n placement business also, but uch move is meeting with on the part of the mak ment trade is likel, sinea the trade - nnouncement of the 1921 policy for ing dating Lusin abric manufactur- | profited. Some have found ! too much for them. wnufacturing Co. voted s at Ro'linstor t week and dispose of (he prope. which has been run fos 83 e it could not « - Southern 5 per cent loan, 1 25 centimes. The dolls was quoted at 32 francs 81 centimes. EARNINGS ARE LARGER XTI ;\\\\\(\\\t%\\\ ‘W YORK, October 25 (#).—Net earnings of the Southwestern Bell Telephone system for the nine months this vear increased to $11,456 597 from $9.2 in the correspond inz period of 19 Gross _revenu jumped to $43, from §36,182, TUBES ARE REDUCED NEW YORK, October 2 ] i port a reduction of 2 to 3 cents foot for boiler tubes h\ Western steel rehouse deale | | | CONSULT US | afe investment ot Look { ¥ investing 6%% Percy H. Russell Co. Get in touch with ow 727~15# St.NW. | Loan Department. | WashingtonDC. C| | Without Loss Tc M K;Evsgaancs | TV favestor |14 Bonds 0dd Lots Carried on Margin Buck & Company —BROKERS— Estaliished 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. 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