Evening Star Newspaper, November 12, 1926, Page 14

FINANCIAL. FINANCIAL. STEEL AND MOTORS 2w vore STock Excrance LD STOOK LT s - 5 e 5 Two Big Firms’ Shares at Top of Bull Movement on Latter’s Extra. ' BY STUART P. WES Srecial Dispateh to The Star ‘NEW YORK. Novembe: 1wo big stocks which have been the front in all the upward swings for he fxo} e he't:YLx ited States AmCam @), ast. six months—United States | oni G (Ghesee D Steel ahd General Motors—took the Am Car&Fdy (8; 100 1ead again today. Am Cham A7 (2). 2%'s The most inportant single infl : which was feit throughout i n Drug....... Fhare list, was {he simnie Stutemént | Am Express (8) A the president of General Motors. in Am & For Pow announcing the extra 84 dividend. tiat Am & Fo P pt(1) This action wae the best pos Am Hide & Lea. dence of the present Am Ho © (2.40). company and the co CAn ice pf (8) garding the future. Ar s General Motors staried fn almost An; LaFr(l)... 2 point higher and quickly increased Am Linseed. its gain. er on the market for &m Iocomot (3) the stock indicated more uncertainty ' Am Po&Lt (g1). as to whetler the good news had not Am Ry Exp (8) heen discour United States Steel Am Safety R (3) FRIDAY, NOVEMBER 12, 1926. CAPITAL TRACTION IS LEADER.__ [ v o BONDS o] HEHHGRADE BNDS | © ONLOCAL STOCK EXCHANGE Received by Private Wire Direct to The Star Ofice Newly Listed Federal-American Co.|,,,, il om | mimasiis i i it Shares Also Are- Active, Selling Un- o e Lib 24 4%s. 319 100 20 100 18 100 20 RAILROAD. changed at 30—Washington Gas Firm. Open. High. Low. Close Slla 814 . A o 91'a 91'a; Gen Outdr Ad(2) 54'3 | Gen Outdr A (4) 15 | Gen Ry 8ig (15). { Gimbel Bros | Gltdden (2)... Gold Dust. . Goodrich Ru (4) Goodrich pf (7) Goodyear pf (7). Goodyr pr pf(8) Gothm S H (213) Gotham new 215 Abitibi Pow (4). AbrahmaStraus Adv Rumley.... Ad Rumiey 5f(3 Ahumada (+1).. _AfaxRubber.... 84 84 Al Am Cable(7) 135% 135% o Allied Chem (4). 1 Alits Chalm (6). Allls Chal uf (7) Armal Leather. .. Amal Lthr pf(7) Amerada (2).... Am Agricul Chm Am Agri Ch pf. . Am Bank N 1.60 ® Am Bosel & at A Brake Sh(§) Am Br Bov Ei(2 U. S. Government Issues Lead Investment List to New Top Marks. BY GEORGE T. HUGHES Spectal Dispatch to The Star. NEW YORK, November 12.-—High grade bonds forged ahead again toda: under, the leadership of United States | Government obligations. For the sec ¥ in succession the three Treas ury issues, the 4!;s. the 4s and the !33(s, sold at the highest prices n 1047 | their history. At the same time the 98 |fourth 4% Liberties touched 103 117% | Where they were above anything wit 116% | nessed in months. #5%| Today. too, more than vesterday prime corporate bonds participated in the buying movement: lllinois _joint 6» duplicated the high of the vear a! 108%3. American Smelting and refin ing s, Consolidated Gas 5135, Amer ican Telephone and Telegraph 6i3s and bonds of this grade were In vigorous demand. All this was continued vesponse o the money situation. After the re duction in the quotation for bankers 79% 8T 92% 4% I 79 $T% lu-liltall‘l 54 108 102 24 103 Atchison adj 45. 2% « 87 10210 1022 1022 US4s 4. 453 104 30 104 25 104 30 US4Knb3. 8 10829 10825 10828 FOREIGN. = Sales. High. Low. Close. Argentine6s Tu59 7 98 98 98k Libsd 4% 84 1014 1018 1013 A A 1 Gotha BY EDWARD C. STONE. ranby Consol. . Stock of the Capital Traction Co. 3 N Grt North pt (5) {1ed broad trading on the Washington | H. Tawrence Choate. president of | Argentine §s Octs9 15 { Gt Nor Ore (17;) 1915 Exchange foday. when 85 shares |the Underwriters' Assoclation. Dreé-iarcentine 6s A 35 Gre Wsin 8u (3) 2 101% ! changed hands_ during separate | 5ided at the dinner and forum. Frank | arzencine ¢aB. Green Canan. ..t 2613 | (ransactions at 104. There was further ( G Stratton directed the presenation | argentine 7s... Gulf Mo & No trading in the newly listed Federal- | of a play which added much to the gystralian 58 Gu M &N pf (6) merican Co. common, 32 shares sell. | evening's entertaipment, as did an ex- | Gulf States (5). ing at 30, this price being unchanged | cellent guartet. ~Almost every bank Lt ania ). . from tne last sale. Nine shares of |in the city that has a trust de Hayes \Wh(13%) Washington Gas were firm at | ment was represented ai the meeting. Hoed Cor ectric preferied <aM®! End of Building Boom Nearer. e or wemt &t v%sant 50| While noiing several changes in the Howe Sound (4) €< of Tanston Monotype sold at: ness. e American TiudsonMan(2% Tiud Man pf (5). Hudson Mo(3%) Hup Mot (1.40). Tlitnols Cen (7. 2 ' u | Ingep 011 @1)..". i € Indian Reflning. 10712 108% Ingersoll-R(t5). 6415 6 4 ;| Insptration (23. Interbor Rap T'r. fnteort! Rubi1) Internat A< | making rapid stridgs in tncreasing the | trust business in vashington. 12 O SwDiv bs cfs B & O Toledo 4 BXiyn Manhat 6s. . Buff R& Pitt 4%, 15 Canada South §s... 10 Can Nor 4158 1935. 2 Canad North 6% Canad North 7s ‘anad Pac del Car Clinch&0O . Central Pacific 4s. . Cent Pao 1st §s 90. Ches & Ocv 4%4s. . Ches & O zn 4% . 55 Belgium 7, Belginm T« ct RBelglum 7%s. Belgium 8a. building construction we are > & | Boltvia 88 Vo bank siocks appeaved on the 0ard, five shares of Second National suvely coming closer and closer to ing a1 261%, and 45 shaves of Fed- | the time when the people aho huve lAmerican Nationa! ai 3 e | been predicting the end of its boom lsted department, five or %0 long will have their prophecies apin Sacks T _per ceni ulfilled by facts and figures; never- recorded a transfer st 7 theless. the effect on other industries Tn the bond market D. C. Paper 68 !supplving building materials will be sold at 75, Georgetown Gas 53 at 9%. ' gradual because of the completion of Capital Traction 5= at 101, and Wash-; already in process. {ngton Gasigat 1001,. \e automobile indus s preferred Canade 5% s 1929 Chile 70 1948, 2 Chile 8s 1941, s. CRIB&Q Istrf5: Chi&ETgn s try continues ‘ Chl Great West 4s. 0od account of itself and ~pened up u half point a* 1491 n. Am Ship & Com ouging through 15¢, continued to ad- | Am Stelting (3) Wwdnce sharply. It was evident that | Am Stl Fays (3) A ghort interes: in the steel shares ' Am bugar (5)... was being punished, and the further | Am Sugar pf (7) yise in Baldwin Locomotive on top | Am Sumatra.... of vesterday's spectacular fump was | Am Tel & Tel(8) also set down as a bad squeeze for Am Tobacco (8). 1485, 148% 19 119 119% 119% AL Cur pf(7) Int Bus Ma (3).. Int Cement (4). fnt Gement pf(7} Int Com Eng (2) Int Harvate(8).. tMteh pt(3.20) Int Mateh rta Able Address on Wills and Trusts. John 4 Reynolds. aasisiant vice president of the Union Trust to. o Detroit, made a fine address before; Washington insurance men and many bankers last evening at the Raleigh.! a1 the monthly meeting of the Dis- st Lite Underwrit Assoclation apparently is too busy o listen to all the untavorable things that are being aid about it by outside bankers and economists who for vears have warned the industry that it was ‘ex- panding at too fast n rate and that the growth of Instaliment would eventually cause ils collapse. Danish Munie s B. 2 Denmark & . CM&StPengs.. CM&StPdbds CM&SPov4 4 sdZots CM&StPovés... CM&SP cvEscfn 14 CAaastp Clit & NW gn 31§ acceptances vesterduy the showing of the Federal Reserve Bank statemen' with its rise in the reserve ratio was very significant. The prompt. aule of new offerings was another indication of the abund capital seeking employment. All the new bonds were Kt " operators on the short“side Am Tobac B (8) i 10854 Independen followed | Am Typ Fars(3) 12 the laad of T Re- Am Wa Wo c1.20 hmlic e Ari Woolen. 1 ance of jnvestment int Mer Marpf.. 36 0 3 5| itie mibject was “Wills and fosur tnt Nicke} (2).. ‘i ancs Tiusrs.” of which he Lias made a it Paper /2) specia; woudy « offals of his i Sta and Colo- Am WritPapf.. Tnt Ry CA company claim ar the insULILON edited by R. Jesss Chaney and 12 as- ade Tuel were in demand. Wall AmZine.. . Int Fel & 1 { now bas the largest trust business of; sistants. at the Commercial National S e s I e S b Intertype " ik in the Unied States. so (hAt: Banl. has just made its third appear- N Vinacico sntich e | AARESVRARYS - el . i were absorbed with EIeat ance.’ Most of its news is for the em- anrance over tha outlook, there was Archer-Daniels. Jewel Tea p 1274 | SABernses by local financiers who ave ploves' consumption only. bug it con-| pyengh 7a Jets cause fo ba uneasy over the cut- Lrmour of TII(A! 15 Jones Bros 4 Y 11 | e TRN8 2 strong appeal to bank clerks | wegngh 7358 or sleel | Armour of TU(B} $ 1m0 {to attend the Institute of Banking and | meench f3 3ni e i i Art Metal (1). > Rep Ir & BU (). 66 {get (he hest possible business back- | Garman 1 P €15 n CCCBSET A lities stocks continued to AT50Dry G(23%) 424} Reynolds Spngs. 5 ! ground in order to be reudy {o Win|German 7a g COC & StT, ... .. 2 = and in some instances Atchizon (7) 3% | Rey Tobac B(5). 5 and hold promotions when they come. | Ger Ay Bank 7 4 CCCEBLLT 6 A A dovat Litht and |AtIBIrM&A _*+{ Robt Rels & Co. . ' The writer. . F. English. calls atten-{ Gar Gen Else 7 Clave Torm 5. 2 e P iha | AtIC Line(3935) 2134 6% | onsia Ins 0). ijon fo the Tact that of the prosi:| Greekre. ... Co.i & Sou 4t " b et by AUGUILR WI.. 37% 37% 2% by dents o ashington banks are grad- 3 Cuba R R b vear. Standard Gas and Bleetric at| {3 SWIRI - 30 00 iy, | Safely Cable (4) f th i 10 graa-| pa or. Cuba NR6xss.. . one stage was up over a point. Frac-| .. 'poe . 21% | 3t Joseph (12) o~ ! ] Sl ReC pf (T) 1164 115% . 4 are cash- anal advances occurred for a while | & , StL & SanFr (7) . ; : - .| Del & Fnd 18t rras kS | Austin-Nichol 8 8 5 . 20 are assistant cashiers or as. . | Brooklyn Manhattan Transit. In- o T | §eL&Ban ¥ pL(6) H Sl an d | Den & Rio G en 4s. cristtonal Melephions and Melepraph, | oo MOBER) U8 Be 39% | savage Arms sistant treasuers and 21 are holding D& RioG imp Sorth American Power and Light and | Balwin L, (T).. 131 138l “4' | Kehute Stor §3) josheriomeialintaitionn D Rio G West 6 American and Foreign Power. ,gflig l:g)h\lvf f'TI 1168 116% 20 ssphu]!ep’ (8) Railroads Are Booming. Ene wen 4x. .. i e ano alto o (8) Seaboard Alr L. " e ORaE oF | rle cony Oil stocks wer n'(vf\m‘. b 3 e e TISEMB (14), iy I : vevenues for October of the ::av;-ll"n 2 v ::: »hich 3 s ELUB R ORI i g e | Pennsylvania Railroad are expected | Mexico 4x 04 asntd [ErteconvisD. ... higher ground cve und there | Barnddall . g 2 vl i . o establish a new high record. Sep-| Mexico ¢a 10 asnta 1 | onv s .. some increase. Pl « I’:\E'olfl\x‘m Ty S ‘;r-o:u-)» {icewiaTno (13, g C ember grosa was more than $63,000.-| Mexico m‘""""" -:5::: f-",”n‘;::.‘.’; The leader. goiug thrensh s where = S fien ontevideo 7s. .. .. 15; | Erte G s 23 L 5 1ere lv | Bethlehem Steel gfmone ol FlaEConTd.. 17 T o Wit huar abeie | BSRSGE). Lors s Gt Nor 41w 76 D.. 185 0. Marlane went higher at the start, ' Bloomingdale.... I-oBRENIIRE: . .. 5 148 Great North bs. bl = S Booth Fisheries [ Eortuacs) (&) . 294 i Great North 614s.. e i i Botany A (4). -ouisiana - % | 8imms Pet (1).. 4 L} Gr N 7 2 o . o b 5 1 i or gen 7u..... sha e rsme thne Doty | Briggs Mfg (3. LioulsGasA (L76) ! 74 | Sinclair Oll... s« Rt 3 | Green B & W ab B, w reacted. Further buving ecour: | gritiah Bmp 2a ou’ (16%) ’ 224 | Skerly Ol (2) 2! Presi ;. 1) Loyall of the Nor zed for u time in Shel on and | giingaison (%) Ladlum Bueel (3: ., 25 25 < | South Port § () R e mvs i earnliiNars | Susiit e & Sreilx Ol ; SRR H ogartn S dl oy 4| running ahead of Jart yvear and the! Sl _Smeciting and cobper issues wexe 10| pi-rjan T pf(s) ey .| Soutn Por pt(3) . 107 Ainal vesults of 1926 should show Parfs-T.y-Med Tn cuned to do Leiter. especiall Amer | gin'h 6oy, T L S Gt Fd (2) 304, | marked gains over 1 Norfolk | nd Kennecolt. There | goyy shoe (2). B | Siast ke | Sou Dairies A(4) 46y | Southern's gross revenue in Octohe: pturn in e L (g % 231, {amowited to $900.000 as compared | Macy H R & Co 107t | with $869.000 last quickly |. heet and Jogr, | chinge above the offering price of the ot { aaditional issue T4l Next to the high-grade domestic | loans. foreign bonds were thea mon 1 conspicuons. Japanese 614 sold at pa: and above for the firet time on record and the Japanese sterling - 43 weni slong. Part of the buying was said 1 he coming from Japan. but part a | 1east was easily explained by the vield {the bonds offer at the market price They were selling today at the same price they will become redeemable at in 1939 French bonds were strong so. especially French government s and some of the railway loans 90% | Both issues of Belglan 7s crossed 9% i |approaching their previous high Comonwealth of Australia s railied trom thelr recent low. Railway bonde were the most ac !tive In the speculative and semi-specu » | lative group. St. lLouis-San Francisce incomes and adjustments wers noia i [ bly strong. while Chicago and East i}ern [lnois is and the Eries were tractionally higher. taken and the Youngstown DETSY 2. Tube 6% sold on the g DEIn St Nov 53 Dutch East 1 6562, W1 Salvador 85 48 Finland n £ 6545 .. Finland 7s..... Framerican 7% 5120% 21! Young Bankers Urged to Study. ChIBNW 4% 1937 The Cumimercial National News, | Chl& NW 8%s. Chi & NW Ts 2 L 9 — CEWIEKae. i % 9 KayserJ (3)... 3 I £ 14 | INennecott (4).. hold their ga 1583 | Koystone T & R. increase e Kraft Cheess. .. Kresge §S(1.20) Lago Oll & Tram Tambert (3%).. Y.ee Tire&k Rub. . Lehigh Val(3) Leh&Fink stf(3) e Savrs(1.60) Liggett & M (t4 ]x‘;ev while October, 1925, was $62,- S 1 600,963, officials stating that both of | ::vmu'h::'t“’l;!'-; ;:: (these fotals will he substantially 0.\-! - ceeded when the October figures a ~e¢ Shell Un pf (6). New Bond Issues | Ftud & Man ref 5a. Hud & Man 2 53 Ti1 Cen 45 53.. | Orfent Dev deb 83 ! NEW YORK. No\'ell;bel" ;‘! ('Bfe(’:;xh. i 117 Con { _The $15,000,000 Berlin lectric Ele iy :” r::a::::;:;'s - ivated and (mderground Railways Co 111-C-C S{L&NO 83, * ' 30-year first morigage 628 re of ! int Rap Tran bs... 3% Yered today ai 941 (o vield abow | Int Rap Tr 5= stpa. 1411 16.95 per cent.. The bonds are callable Tnt Rap Tran 6s. .. T4eial 10217 up to and including October Int Rap Tran7a... 20 foell. 19810 and theveafter {o maturity Int & G Nor 1st 63. 31 10614 | October 12, 1956, at par. The sinking {Int&G Norad#s.. 11 35| fund operates (o purchase the bonds Int Rys CA 8872, 81§ {1, the open marekt at par, or. if not Town Cent 15t 55 "7 g0 obtainsble, to call by iot at par | KKan City Ft S 4s The bankers are Speyer & Co., {he Kansas City § 2s. . l-‘.q:{:'uble Trust Co. and Blyth, Witter Kansas City § §n. . Kan City Term 4s. Lake Shore 49 28.. Lake Shore 4= 11 T.ehigh Valen 4x. . T.ehigh Val 5 2003 | L& N 44 2008. Loy {Louis& N ts B Loy !Lonin & Nash 78 11td Kingm 514 1178, Man Ry 1st 8o, Utd Kingm 5% 1047 104% Market St 75 40. .. MISCELLANEOUS. = Afax Rubber¥s. ... 10 104% 1045 L L Am AgriChem T4 4 103% 103% LA L AmEmlt & R 15t 53732 101% 101 ity el Am Smit& Res. .. 2 1085 1081, 108 | M P ASSUS%e | Am Sugarref ... 5 1047 104% P AmT&Tel frdn]] 3 98, 9 o (MK &Taa)sn AmT&T el trhe.. 8 1020 1026 1000 MK &T {AmT&Tatse.. 117 101 1008 [ 'Am T & T deh 5i6n 25 106 10504 | Am Water Whn5y. 15 98 9174 | Anaconda 1st ... 21 104 1034 ! Anaconds cv db 7s. 106% 10675 | Andes Cup Ts reta. G5 107 106 | Armour&Co 474ar? 13 81 aln, 13 50 a3 109 Poland 6s 40 Poland #s. | Porto Alegre | Prague 7% | Queensland 7. outh Pac (6). .. ~IR : 1y | Southern Ry (T) 1354 204 31 10015 100's 14 114 26 26 LSO 134 1385 8’ 28 o 0 3w Tt 189 17 36 36 164'3 164'y 98 { Manati Sugar. . " | Manati Sugar pt Man E1Sup (8). Man El m g (D§) Man Shirt (1%). Maracaibo Of).. Market Street . . Market St prior. Marland Oll (4). Marland Otl rta. Marlin Rock (2). Mathteson (4).. Martin-Pary(2). May Dept St (8) i Maytag Co (2).. Mexican Seabd. Miami Cop (1).. Mid-Continent. . Middle States Miller Rub (2).. Mis Kan & Tex. . MoK & T pt (6) | Missour! Pacific | Missourt Pac pf. i | Montana Pow (5) Montgmry W(4) Moon Mot (1%). Mothr Lode(75a) Mo Ploture(1%) ") 56 2% A syndicate headed by the Bankers' Trust Co. Is offering additional issne of $10,000.000 Youngstown Sheet and Tube 6 per cent debentures. dua 11943, at 10313, to yield over ve redeemable at 31t 70 ‘The bonds are and interes' cent 195 The Missouri Railroad through Kuhn, Loeb & Co., offers to- day $13,156.000 in 5%¢ per cent cured bonds, maturing _serially 1831 fo 1936, at an approximate vield of 5.30 per cent. 'The security is stack of New Orleans, Texas and Mexico 2 i4 L Raflway, and the proceeds are to he 68 used to retire_the company’s T per i 3 cent uotes now outstanding against the deposit of this same stock. { Toho Elec Pow Tn Telautogra(60c) ‘Lenn Copper (1) | Texas Co (3) Texas Coct (3). 9313 | Texas Guif Sul.. 39 | Tex & Pacific.. i| Tex& PacC&O Texas Ld Tr(%). The Fair (2.40). Third Avenu i Inc.. reports that since the new man- agement took hold eariv this vear ! finyler's wholesale business shows an increase of 30 per cent over 1925 eptember and October showed a Inrger. wholesale and retall volume than at any period in the pasi six According fo the announce- t{uyler's, which has thres es- ftoblishments in Washington, will Thompson( 47§ within a few weeks he operating a Tide Water(11;) 28% | total of 63 new candy. toda and lunch ‘Tide W O1l pf(5) !1‘7“« eon stoves in various cities. 3 1 Timken (45).... 79% 7 T8 | 21, | Tobac Prod (7). Jow | Meard in Financial District. W. Spaid of W. B. Hibbs & Co. | Tob Prod A (7). 1145 W, Bg‘- { Transcont Ofl. 4% is in Pilisburgh today aitending a - = o 46" ecial meeting of the executive Nat Biscuit t5% 281 ;:",‘:::‘{f.,‘.’,. caunell of the out-of-town section of Nat Cash R(A)3. 13| un Cardide (8) the Association of New York Stock “.,{ Cnofl (2). Exchange Firms. le {8 chairman of 301 | Un Pacifio (10).. this committee. Matters of special | ois | Tn Pactfie pf(4). Interest to the Pittsburgh group of | 29| Gn Tank Car(6). 113% ! weire houses will come up at the ses- 7 | Utd Cigar S (c2) 954z | slons. [ Com Cred (2). NatEnamel &£8. o 1 10 Drog (8. 166 1 During November (o the 9th the! | Com: Inv (8.60). Nat Lead ( ’“ 3 5113 | UtdDrz 1st3%) 68 i Treasury has purchased in the open Coin InTr pt 615 t PwaLL(30) 2 513 | United Fruit (4) 115 | market $5.609,000 of Third Liberty Com Solv B (8). t Ry ”‘“‘ |usciprarae) 216% | bonds. for the sinking fund and re- Congoleum-N Rax St 157 | US Distributing 527 | tired them. The amount of this issue Y AL BEEe (D) 2% | U S Hoftn(13%). 544 | purchased and retired (his fiscal year | fommonwlth T 6 N ¥ canners(es) $21, | U8 Ind Alcohol. 79% { o date aggregales $185,739,200. { Con Con Md 18t 55 S NT Centeal (1), 136% | U S Ina Al pf(1) | 111 1 “Total sales of Schulte Retail Stores | Con Gas N ¥ 5%s 5 | NYState Ry 4% 5 NY Chig8tL(11) 192 | U8 Realty (4) 88l | Corporation for three months ended | Consum % ) 4 | NYStateRy 614x 82 of all graius have beei ! ConRRCubapfé NYC&StL p? (8) 108 | U S Rubber.. “ ]g;: October 31, 1926, were $8,259,307. | Cuba Canecv 8 Nor & 8 gen Bs 54 shipped through this pori. while in |Consol Texttle Ny & Harl (5). . 175 |USRub lat(3). OTiafagainst §7.438.430 in same period of | Deaver Gas by .. NY W & Bon 4%a. the firsl 10 months of 1925 grain ex- ' Cont Bakg A (3) NY NH & Hart, 43y | U S Smelt (3%). (36411925, an_ fncrease of $760.827. Def Edtson ref 6s. . Norfolk & W cn ports were 26 1 s NY On & West. . 24% | U8 Steel (T) i President Lanler P. Mclachlen of | Dodge wi 6 Northern Pac 33 < ont Bak pf (3. 3 NY Steam pfi7). 105Y | U'S Steel pf (7). 128 |he McLachien Banking Corporation | Donner Stael 7s. Northern Pac 4s Cont Can (16).. KR Norf & W (110). 165 | Universal Pipe 23 | has veturned from a short {rip to New | Duquesne Lizht és. Nor Pac 4133 2047 Cont Insur (6) 134 | Norf & W pf (4) 837 | Univ Pipe pf (7) DY g | Eat Cuba Sug 7%s. 28 Northern Pac 53 D Cont Mot (80¢).. N AmM(10% stk) . 5075 | Utl PELL A (o2). %, The Riggs Bank Club will hold its | gmpire G & F T3%s. 12 Northern Pacr 1 6s | Corn Prod(13%) North Pae (5) 79 | vanadtum (14).. 40% jannual oyater roast tomorrow after-| g svesrss1981.. 1| OreShort I.rfs 4s. 10 | Corn Prod (7). Norwalk Tire. .. 4% vick Chemical. . 48 {hoon at Great Weck on the Potomac.|Goo9%elt o g4y " § Ore Short L an bs.. 10 218, | Va-Caro Chem. . 10% | . Edward C. Steffe of the Federal- | pa®iidlindy """ 5 1 3 £ ' ol xR a 35 nhan Offering is being made of $11,500,000 Northern Indiana Public Service o first .and refunding morigage 5 per . | cont bonds, series “C." by a banking Nassau F Ry 4x 67. 391, | group headed by Ha Stuart. & Co New Or Term 4+ 42" | The bonds mature Novémber 1. 1986 {Armour Del E%im.. ¢ ai% aan NO Tex & M in 35 106% ! The price is 98%. 1o vield over B.0% Atlantle Refin6s.. 1 100% 100"y 5, {NOTex & MEs B. 1001 a per tenl,u On,e l:m?;‘efl .l;lad“';h’ltlf:l\ NYOT&EMEBYS. . 1. | communities in Northern Indlana, in Lt L ams vgnt N9 TR WS '05's ! eluding such citles as Haramond 1 N Y Cent deb 4: South Bend. Fort Wayne, Elkhart and § a6t [NYCrfimatsis 71, | East Chicago, are served by the com pany 108% | 104% | agior. Ewart & Co,, Inc., and the Detroit Inc., are offering a_new tasue of $800,000 Harris County. Tex 4% per cent direct obligation bonds due serially April 10. 1927 to 1956 inclusive, at prices to vield from 428 10 4.50 per cent . WHEAT HAS SETBACK ' ON CANADIAN REPORT European Buyers Holding Off i Mo Pac 63 1985.... 0 9 .| Mo Pac 8549 D 106% Woolworih. gy peick Balk ation above 60 - o : : International Harvester. like that in | giti% BrO 0N e Calls Cofton Outisok Brighter atronage had pretty well adjusted g,gh Tarminal Std G & Bl pr(4) 5614%on the part of every one concerned— ; RNinalbeUn7a. ... . Ryer & Co. §ta 011 NJ pf(7) 116% ! culture in the South as is yow under | Ri0 Gr DaSul ga Cait el . | Stromberg (8) diverstfied crops will accomplish per-{ $80 Panlo 1950 86% | : ! = W eolal).—One of the first of the rail- CanDry (c215). UL nance corporations operating under | Serbs Crot Slo 82 ; Swine Confed 35 L Cent Leather Swel < ern Maryland peiing Irvin Fuerst. president of Huyler's. make the 51 per cent increase in this | (6770 DO P (8. Gross for last ronth totaled $2.608.- | oR €08 (Y In the final week of the month there | (ni W& StP, e Mg - gt was wore than double (: \MES(P pf ofs. the vear shons es'imated ross earr 1 i1 Mo Pacesss ®. 107 vear Move than half of the was up g, ey more than p point. The advance in | pronamcs iar.. the fertilizer stocks, suggested that | gUine Br B ie) 201 o . i ) ; e fer > 8 u: ol (T 2 201 Secreiary Jardine says there never industries depending upon agricultural gyurrc, o SRS ¢ 5 5 5 | befora hax heen such defermination T -e'msfl\ss to the depressed state of | gutrq CopperaZ Std Oil Cal 2% . 60% | bankers. farmers and others—(o put| Riode Tan 8 1946 eotton. BRtte&Super(2) Sta Ol NJ (1).. 42% {across a program of constructive agri-| 110 46 Jan &x47... BY-Products (2) (gtzxstuflin:l"ro(n. 8% i way. 1l believes that cc-operative ) SA® Pauin City 3a ESTERN MARYLAN Caiif Packg(4).. { Btewart War ( i | marketing on a larger scale and more ; 320 Paulo g« 1956, OF W RN B udebaker (5).. ! " : § Sax0n (PW) 7a TRinn S BATCS 281 | Stu manent resulis. The first step in relief | BALTIMORE. November 1:°(Spe- | Calumet&H(1%) Submarine Boat. will be {hrough money furnished by | Seine 7x 42 oy o 5% 4 20' | gy 2 ; ) perior Oil. ncdlate credl = { Sotssons 6. .. . roads to make public an estimate of , ! nP;cl'h: €10). o ihe intermediate credit bank: | Swinn 5% 1946 October gross earnings is the West- hreshing. 2% Huyler's Business Picks Up. from {he tush of coul shipments | (entlsatherpf- snstance probably a good deal bett _ than the a\erage vailioad will show. | Chang@eprid) 984, Coal and coke freight alone . ans Great oot Jeaped ahead 103 per cent Chi Gr West pf.. was no let-up in the big gains Ye- ' (pisiaSep o poried weel by weak over last vear. ! T period and total £ross 55 PEF Chis Nown (4) cent hetter. The first 16 reonths of | oy R 14 Pae. 35, compared iie same period ‘otal cousisied of £arnings from coal and coke trafilc Coca-Cola (7)... Collins & Aik(4) Col Fuel & Iron. Colo Southern . . Col Gas & ElI (5) Coi GAEi cfs (5) 01 G & E pf (1) Col Carbon (4).. 2 45 94t A% 164 GRAIN EXPORTS INCREASE. RALTIMORE. November 13 (Spe- clali.—Despite the space shorlage &rain eaports in October trom Balti- more showed a slight gain over those of a vear ago. lLast month's grai shipments from the port totaled 1617378 bushels. most of it wheal. while in Octubey last ports were 1,419 8! eiports were 37.778 barrels i 39 barrels in October of | Consi far this vear 19.074 Consol Gas (5). . Beth Steel 6s... ... Brier H St 1st 5148 Bkiyn Fd gen 5v... Bkiyn Union 61 CYChI&B(L 61 aB. YC&StLSsA. New Hav deb és 57 Rash T Bldg § Not Haven cd ¢ Chils Copper E N PO N Y Ont W 1at 4s. Col Gas & EI N o 0% o'y LUMBER TRADE DROPS. NEW YORK. November 12 (#).— Lumber mills of ithe country for the weel ended November 6 how the nor- Pending Settlement of British 5 Coty, Inc (¥5). mal seasonal decline in the industry, | ¢! ; 11 Well Sup (2) i i D i “ ba Cane Si Ofl Wel P 37% | American National Bank has been 3 10 oal Strike. vhe Natlonal Lumber Manufacturers’ | Subs Cane Jugs: Omnibus. . $7%3 | added to the commities in charge of | Hone i amske 1 1 5 g R oy cncaoolb Qo Hos (320) 59 | the institute’s coming theater DArtY. | Hinote Bell 18t 58, 35 35 , ! e fn production. shipments and new bu Orpheum Clr(2). 3214} Tllinols Steel 13 Lo 3 Press nes! re sh by Eoftw 1 % - inols Steel ¢14s.. By the Amsociated Pres fbEy ane et M e e | Guban-Am pt(7) " s% | Vivadou pf (1) 102% | | Indiana StealBr.. - 1 CHICAGO. November 12 -Whaat co L B U | Cuban- Dot Su aul Tnt M ! prices went downward early today. creased production and nex 1 oy 8% 81 82 | waldorf 1K) 21 21 |Chairman of Armour Grain Co. tol [SEERBSE S PortRL&PEx4L. 6 : 'S6s | ment crop report pafnting to larger B 5 iy .. 4 vield than recently had been fore but shipments fell of!. 130 180 130 e (1) 80, Travel and Live on Ranch. Ken CP&L 58 A 61. Reading J C4s51.. 92 [cast. Besides, talk was current thal Jills amounted T atm g6u| Warner Bro.... 4% GHICAGO. November 12 (P | KanG&ELERE RloG W lat 4s.... o1's| European buvers were halding off ; §2%| George E. Marcy, chairman of the | yeid SIS, Rio G West el 23, | expecting settlement of the British board of the Armour Grain Co., is i Bros (4) A 11% | eber ¢ i Lacknwa 8 53 & coal strile. Starting % t0.1 cent off 3 c ; v b the wheat market here underwent a B8 a3, 38 l:,:é)fl:—yind. rellEing g‘”m ‘1}{"8",‘;:","",‘“;’4" Laclede G 5% 63. . i I material further seiback. Corn, eats il e {yvest Pacific. | ey anit ik | NG BNy 101% | 84% fand provisions were nlso weakes 3 3 B ) westPacpf () LRI LA LB e i S A I T LSt corn opening % 10 % down and %6i “ow “eulWwPennmia " sy fima mow. on ‘nis - California ',‘,';"",',2..‘:.'-,’:2’.' 1 subsequently showing & (irther sag 7 nion (8). { Vi % In addition 1o a bigger wheat $ie 31 81 | Restmsean () T e A L varan o e s o ey St & vielt ‘aifclany reported for Canada, (0% 40% 40v | Westinghse (4). B e e il Rl (Lo estimates were al hand today, putting 9% 291 2914 | Weston Blec. 1% tve Lor Ihe F e e v ataGit ot | ke, 1st Bs. StL S Wistds. the Australian wheat surplus at 112 0 i6ls 56| Wheel & LEr 263 tive, who is 63. Te was president o StP&KCSKL 4%s & 000,000 bushels as compared with A e Wheel &L E D o] Armone GRaln for (18 38 yeste pERT| T i wey.- 1 previous estimate of 104,000,000 bush 125% 126 White Eagle (2) 28| to itag revrganimtion HAt sencyono ¢ ols. Generally favorable weather, too. s 24 2% White Mot (4) . S8 BRgibeen s eianer oG iy QR was noted as prevailing both in Aus 111t 111% ‘White Rock (12) 25 |change for 37 years. tralia and Argentina, although some H 4y L e e R dispatches from Argentina referred to 2(4). b ‘White SM p2( 1% CHRISTMAS DIVIDEND. Bz chilly temperatures, kwire otf Wiklyr-overiand 3% NEW YORK. November 12 (M) | North AmEd ¢ According to one leading authority Butte Copper and Zinc declared a | Nor Ohto T &L 6s. 'y ‘e baen % | va Iron Coal & C 12614 | Vivadou (8). MARCY IS RETIRING. Pennsyl gold 7a... 16 8% Peorla& Elecds.. 10 65 65 €5 102% 10244 10245 8l Outlet Co pf (7). | Owens Bot (t4). Davison Cnem. . De! & Hud (9).. Del L& Wn (! ORG Wst pf. Deireit Ed (8) ' s Deuioit Ed rts.. NEW YORK MARKETS. reroedRa(z 40) ¥ YORK. November 12 o) .. U-dseBrosClA Rye--Steady: No. 2 western. 1.07 . o, DoIEe B (D) /- h. New York and 1.05% c. i. f. export, | Dome 3nes (2) TWheat futures opened easy: dolne: Dupont de . December, 1.44%. Other articles un changed. PRICES ON PARIS BOURSE. ' [ ocyower & Li PARIS. November 12 (.—Prices ElecP&Lpt(1) were heavy on the Bourse today. Three | EP&LYE 40% (1) 3 per cent rentes, 30 francs; exchange! Elec Refrig (c8) 85| Pere Mara ot (8) o London. 143 francs o0 centimes. | Elec Sto Bat(*6) “”‘ Phila Co (4).... Five per cent loan, 39 francs, 30 cen- | Eik Horn. . 14 Eais &R OAT times. The dollar was quot ‘Esndvlohn (l)'-,s = > pring PhiladR CAI cfs francs 16 centimes. Kngineers Pu 2 = : g8 PS PIT) 984 | enillipa Bet (3) STEEL BOOKS OPENED. 16 }Pnoenh Hoslery 6 | Prerce-Avrow.... NEW YORK. November 12 (#) % Pierce-Ar pf (3). Yinois Steel o haw opened books on | 6% | Plerce Perolm. . f 25% | pitts Coa? sheets and tin plate for the first quar . ter of 1927 deliver 48% ' Pitts Cozl pf. prices. Inland Steel ings at curremt levels for the same Packard (12. | Palge Mot(1.30). | Pan-Am B (§). . against T80 week. L 1037 | 8¢ L, IM&S R&G 43. 16 StL.&BFpl4sA. 21T % | Park & Tliford. . » | Park Utah (80¢) z0t3 | Pathe Ex (o8) i ok e Penn C & C 1% Pe @ i | Penna R R (3%) Penn-Seab Steel. ;' | Peoples Gas (8). Logi; | Peoples Ge 167, | Pere Mara (10). NYGELH&P NYTelé% NY Tel 68 4 100 | 8ou Ry 6s 56 105% | Southern Ry $%1..135 101 | Term AssoStLGs. 1L 104% | Texas & Pacific 1st 10 108% | Third Ave ref 104 | Third Avesd] & 107 | Tol St L & W ds 105 | Union Pac 1st 4 104% | 1nion Pac 1t rf 43 1104 Union Pacific ev 25 | Virginia Ry 1st 5 924 | Wabash 1st5s. .. 97 | Wabaeh 2d 55, - i 100% | Wabash 5%s 9214 | West Maryland 4s. 108% | Western Pacifi¢ 5s ‘West Shore 1st 4 Wheel & L E cn 4 te2d pr..... Erie Stm S(2}4) Eureka \ac (4). Fairpanks (3) Famous P! (48 Famous pf ($). . FedLight(*1.40) Fed Min & Smeit 915 2% es likely to prolong a demand for United States and Canadian wheat WHEAT— December Public Service 6s.. Pub Serv Elec 6 P Serv Gas 5348 59. 3 sz Loy 33 10 a base box e mun waw: S8t 233 TR ToledoEdnist7s.. 7 108 United Drug . 2 1064 USRubistrfés.. 20° 96 USRub7%s...... 5 106% USSteelst bs..... 32 107k Utah Pow & Lt bi % Vertientes Su, . Warner Sug Ts 41.. West Blec s . Westn Unlen 8% 2323 3222288 RUBBER STEADY. 1065/ \EW YORK. November 12 (Spe. ‘:7“11:11!)4—01“110 rubber, smoked ribbed 353 974 sheets, maintained the price level of = \ the last three days at today's noon 1091 10915 | auotations of 41%c. This compared 118 115 with 4240 & month ago and $1.02 a year age wanmanssan LRl 33550 | Noveub T PLSERSETE 1 Gen Eiec (h3)... Gen Elec sp (60¢ Gen Motor(t11). | Gen Mot pf(7).. The San Francisco ¢ it 8 easy to recognize at'a bull-fight. bull. 11% 150 151% 147 119% 119% 119% umjm 1 - = ahaacmed 2 ' ual BB B A S e s o E S0 25! 833322333:12333383333835¢ 42! 42% 10515 104% % Willys-0d pf (7) - diverted from regular wh Christmas dividend of 50 cents a share, Nor States Pow §s. gular wheat trade mp . Worthn Pump urs X vessels can be put back again into Christmas eve las ea yale&Towne(t6) 68's 116 Pitts Term Coal. period. Independents in the Youngs- e ), e g1t 1 5 0 12 n.. 845.900 Fed Min pf ( 75:4! Producers&R pf. nam S0LEK i K : S i FEDERAL LAND BANK BONDS. | Fletschmn(tiX) {54 | Puncs Aleg Sur. ‘stock. Gabriel Snu (15) 29% | Radio Corp of A. SO i, A (6,6, %) »td B 53 | Reading rts. extri or special divi- toel. . 10% 10 Wilson & o . routes to carry coal to Euro that kit 134 186% | pavable December 24 (o Holders of rec| pac ans & 1§ en after the ending of the British 2 ord e ecoraber, - & previgus dis= strike it will take some time before Worthtn B (6) .. 3 bursement of 50 cents was paid on w:mnAm 1) 29% | Argentine and Australian service Wrig Wm (14).. 88 e e This circumstance was commenited on Tty (16c). 12T '-GERMAN BONDS AND STOCKS. 1210 | Pltts & W Va($) Toungstown (4 83% 85's | tQuoted in doliate ver millign marke) f A s In) 5e 1914-18 1925.00 1875.00 a - g | e Hourly Sales on N. Y. Market. jger Gt (w i) 2 s 192850 197855 town dis o '300 2 p.m. 1,862,100 R tin! it Fed Mot T (£80c) 41 | Publie Serv N J. 1p.m. 1,068, : i) Fifth Ave (54c) 15t | pub BE&G pf(8) 102 - —Faid this year—ng rerular Fisk Rubb { Pullman Co (8). ko % ) Foundation (8). Pure Ofl (1234). (Quoted by Alex. Browu & Sons. C v’::x) | Fox Film A (4). 69% | Purity Bak (A).. 1d. | Freeport-Texa: 30% | Purity Bak pf(7) us $1 3 in Muni o Aniiin Am Tnk (3 s o C pf (3% ) 4 Badische Gen Am @) o R-Clc..:' o) c‘!“};‘m T ok ABQ (G gekise).... 112 Reading (¢! Dividend Tates ‘st iven in the avove table X g Privat Bank: 3% | Real Sik Nos. o317 Tearlv dociarations. drer Bank lv.i m.:coCmT(;L cluged: |- o S ar: t 1484 | Reniington Type dfi;x !«r able | Merqur s logle 8 ook i AS PR | e A ‘§ Berl 102! s 12 £ Jiige w0t