Evening Star Newspaper, August 9, 1927, Page 15

AUGUST 9, 1927." NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office THE EVENING STAR, WASHINGTON, D. ©C., TUESDAY, Money Available fox. PIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Repliesto Applications JAMES F. SHEA 643 Louisiana Ave. N.W. | e LOANS Ve will gladly receive and give prompt attention FINANCIAL. Received by Private Wirs Direct to The Star Office. n I»l“(s Following 18 the list of bonds and 8r e lN I l N MARK' | stocks traded In on the New York Nnss Snms N A Curb Market today: 1005 00 UNITED STATES. es. High. Low. Close. TERNAN. Baneitaly Corp. . Rohn Alum . FINANCIAL. |N BUND MARKE‘I‘I (Sales are (n $17)0.) Y9k y9W U | Sales. Higt. Low Close 6 3% 3 34 5L Lib3%s... 25 10030 10030 100 30 173 100% 108K | SR . it 8 . SEEHSE | Liblst4%e 41037 1037 1037 3 ¢ 107 107 ‘ flasein ~— TIDUBTREAS. . | Laolas Gp D06 DON . = Demand Flattens—Specula-| Livzdsus 75 10010 1009 1m0 | ~(m o s 0ot | Prices Hold Fairly Firm, With| ™ 1k Sup Mee b I : Pal Te B adisr v ving Bullish Excitement Increased Gs. 46 1015 1012 I 0 2 Ala Gt South .. 140 4 Cone I’,\xh B pR1 CoR i 8 B Libeth ¢%s 236 1014 10330 10 O SW bs 6. 9 % 104% TAla Gt Squih it 140 35 3, 96ly tive List Has Biggest L0SSeS| Uss% 43-47 29 10021 10015 100 18 | B& O Toledo 4s... = 86 " 8it Little Initiative Shown 1AW BB e sa% . 800 by Further Sharp Advance || UB3% 30 20 10513 105 18 | Bang & Aroosd4s51 6 87 87 el i A '1':'.‘1'12 w““. H ’ H US4s1 2 108 81 10818 10818 | Bk!yn Manhat 6s.. 96 EQ 7A 2 2 Dot Inl 7s 014 10074 i n Today s Dealings. US4y e Sl e by Traders. =§;"; B 1% "8 ) Det k“"l”“{_m 10058 1003 at Liverpool. tu a7 ain 411 4 m 01l Biseie FOREIGN Inqn-u North 6. 18% —— ”,\\fli Gk B ) S o5 2 atad No s. Am Hawanan S8 BY CHARLES F. SPEARE. MR Sales. Hich. | ol BY WILLIAM F. HEF 1 Am BET i ) Spectal Dispatch to The Sta Argentine 63 Ju 59. 45 100 “| Can Pac 1% 8 46 1 to The Star. 10 Am Rayon r f P o Al e sl i NEW YORK. Augt Argentine 63 Octsd 6 100 Car Clinch&O 6s 52 ¢ W YORK, August 9.—The pro- Am S8 D pr ! > ! 0% 101% | ment : ‘ : ln-\'wr ad- | disappointment et Arger .| Centof GasVvs. 3106 '5 4 | fessional element which had been re & El 4 3 Gen Invest 3317 134 - b market dealers ay wh : g 3 ) Central Pacific 4. | sponsible for most of the operations 3 Gen Pet G 101 to applications for mand for bonds flattened 3 . 5590, i 103% 103% | on the Curb Exchange during the past - many lesues declined ’ 3 el , A “ 231 £84w G8% 95| week assumed a cautious attitude in e o 34 Loans on Washington ant sessions of ln k of Chile 8 3. . 94 o3 [Ches& 2 100 |making . new commitments today. » Bl Corp ALLLL 1 g aneil 1003 mn-» “The effect of o e s & 1 10t 100% | While almost every one was agreed 3 Brokw I 2 & i & s%s 035 3% b iyl e s Real Estate 5 s has been more ol R ) » £ < § 5 | th: t the market had been vulnerable to | } Bueyrus Vi o 2 2% . 10714 ; : X L o rrent rates of inter- #tocks has Dbeen 1 im 6148, 1 7 . | ) | i 1 021 4 : bonds this week tha Belgium 7s.... & 1050 ; s 16 ¢ 99 | selling operations, doubt’prevailed as 7} T ¢ 3 1 P A 44 b bt N act ‘:v! vou. h money conditions | Re 78 ot &0 58 51 183 4 80% 90% | to what portion of the recent selling C 13 | 3 1oty . 1 v The reactions w E 1 74, est 4859, . ¢ 724 | represented real liquidation Money to Invest tve bonds and in Reletum 8s. ... en89.. 115 87 7. 874 | Prices held fairly firm today with : B ;‘Ate\\m'w bid up shar v Bolvis &s : T Y cfs 9 65 65 i Ittlcinitiative being taken in the op 1 8 5 ; r cor sold_up to also take care of Peduction in the Fed pserve dardeaux 6 >M&StPgn4 9% eratlons on either side. The tendency i Qo bed: 1 | 1 MeN & e i y \ 3 e Fates a few ¢ & Braztl 814 2 Wav 1.8 5% | was to let the market drift for itself | p Cor € ias i X 1 « Erie general & Bragil T8, «ouse 9 15 b4 6 65% {until a definite course had been es- | top, Chesapeake Brazil 8s. . 1 1064 .. i blished. « | “nion P M&SP cv ba.cfs 14 1 B Sont Canadn 58 1931.... M& St P s Colluloids Are Lower. F “anada bs 18 Maryland I iaged & NW : prices were the rule for Cel- | 991;. The new . Yo S g ) 91y . d nd Celanez new ter, with the exce Tt lines were unimport 58, which bnik eting ot stockholders of | registered a L"‘P;‘;v‘r\“;‘“v‘\fi = company has h[un « '”'{"i the syndicate price of “hinese Gov Rv 5s. 29 to vote on the consoli- | X Con Pow Japan 7s. 4 5 o O Rt Gl Coe. e e | Copennagen 6i4s.. < 2 101% 1014 i ik e 8 98 ith tha EateiyCaIal] Cor were heavy 7 > subs h anez Men 4s, which 2 - - : ¢ a2 “orporat According to the plan. best of the year. S - Mot S & : 2 1 105 of Celluloid company’s 8 per point lower than on Dise 4 6 10, 3 nt pr fen;wl m{x recsive share for and Missouri Pa Sesiite o, one share of $7 preferred of the B e Do Tor tho. e N 1S, olidated company and in addition | Summer. sl et I : T R | either one-half share common of the The etion of high coupon do- | D% : 3 Cuba 1 new company or one-fourth share of - r the uht iy such common stock and §12 in cash, i the option of the holder. Celluloid ¥ & i 4 ! 0. common stockholders will receive made this n t ¥ ke Yoot i o 9% | v N - < ‘ m(,n!lg.h ',‘I.L ‘-‘:::“!\5‘,‘: wil :’:;.p:ri',:mf inland 7 4 iilure of new developments to quiry for shor 2 5 | Det United 4135 @ to hand in the proposed consoli- < gl : 1| B 3 e e e BrhsG m of a number of chain store sold at the { re A il v in which the Metropolitan 88 held their R iy Stores is thought to figure | corgi: yry 5 39 e g though they may he febanvasD; tly. way respon ibl for_the L i Matd B 625 % g ; A Z s . n that stock. At 5214 it com- | 0 7 1 § p of ¢ £ bify: :g'e. Raval § gt v th 5434 at yesterday's close. A . 88 3 ol 21 3 . 7 i £ o of 1941 and 1946 have the first time this v they ma) redee five vears. The Be points over the limit after 1931 Again Chilean new § and Brazilians were str was a broader mar pavian issues. Germa with the new German premium New offerings this week have gated only £11,000,000. A fair size industrial issue is expected morrow. ve can Percy H. Russell Co. 926 15th St. N.W 1943 soeve 9 8 1 8 1941.... 1 Wty 109 1 & 3 1A spec he former August The Way to Save Money FIRST TRUST Note secured well located property in D. can be purchased in two ways. IRST — by a nominal de- posit and then making monthly or semi-monthly payments — each payment earning interest at 6% as it is made. ECOND — hy Ger Gen Elec T Greek 7s. Halti 68 Italy 7s | Italy Pu Other Changes Advances. Most other changes, however, were f advance. General Bak- ssed 68% for a gain I fo 55 B 50 ; more than 2 points. Johns-Man- i et . ol 1 was bid up a like amount, Cuneo & Q,”; at 61 compared with the pre- | T Mana) 5 final of 5 and Hunker Hill| i n stood out prominently in the | it North 5s..., the si eat North 53s.. class * Indus 1Int Ci 3 Intern 2 Webster T West P GWh S M 3WE ! hll') After Mexico 45 04 as | Montevideo 7 Netherla Nord 6343 Norway 5% Norwa Norway 68 1944 111 Cent ref ¢s. A ng section. lH\enliksHh 9974 14 % Oils and public utilities did little | tLjta 3 98 97 better, but there was a n.»umm»} -C StLENO 5s 1 ibsence of offerings around the cur- | | int Rapid Tran 5 2 els. United Gas & Improve- Int Raj P nd Standard of Indiana still | Int Rap Tran 6; 1 their places of prominence. Orlent Dev deb 6s « | Int Rap Tran rvice common was somewhat Paris-Ly-Med 6s 94ty 9 94%s | Int Gt Nor active at improved price Paris-Ly-Med 7s... 5 1 1% | Int & G Nor ad 6s. —— Paris Orleans 7s Y { Int RysC A 6s 4 Kruskal & Krus 227, 4 ales in L Washin'gtofi St;)bk E;change arber & ‘apital Tt otomac 1.000 at AFTER CALL 10 at 112 0 $1.0 | PeruT%s Peru 8s. | Poland 65 40. " | Poland 8s.. | Porto Alegre 8s.. Prague T4s.. | Rhineive Un 7s.. | Rio de Jan 85 1548.. Rio Gr Do Sul 8s. ) 3t | Rome 645. ... 1000 103% | Sao Paulo 1950, 0315 Money—Call Joane. & an BONDS. Bid and Asked Prices. PUBLIC UTILITY American Tel. Iga. 4s.. ¢ Amer_ Tel & T i 100 6 per cent Asked. | td Ringm 5%3 37, | Saxon (PW) 7s. Seine 75 42... Serbs Crot Slo 8s.. Solssons 6s. g Sweden 6s. 104 Swiss 535819 3 § 104% ] Swiss Confed 8s Tok!o58....... “ 1041 104 Utd Steam Corp6s. 5 9444 94' | IntRys C Am 6s 41 | lowa Centrt 4s | Kansas City 8 | Kansas City S 5s. . Kan City Term 4s. Lake Shore 48 28 | Lake Shore 43 31 bigh Val cn 4s Louis & Nash 7s... Man Ry 2d 4s 2018, Market Stis 40, 100 2 100's {MStP& 85 MStP& S % 100% MEK&TI1st4s.. MK&T4es B | MK &Tads5s earstiend MK&TS6sC. . 1044 | Mo Pacitic gen 4. . i Mo Pac 5s 1965 WEEVIL BIG FACTOR IN COTTON THIS YEAR| Infestation Heaviest Since 1923,’ Says U. S. Report—Hot, Dry Weather Now Is Needed. Associated Pr Il weevil menace is the out-| factor in the cotton situation | the Department of Agri-| says in In'\r\v"fl‘ ng that in-| at present point to a pro-| 000 “bales. This to be smaller than a Oh'Ed p & L Pow Elec 31 Philip Mor Philip Ma purchase out- right for cash. In either case, your money is safe. MCKEEVERM REALTORS 1415 K St. Mai The New York Life Insurance Company Offers to Make First Mortoage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md.,, for 3, 5 or 10 year terms on your 5%% Apply RANDALL H. HAGNER & COMPANY Am. Tel & Tel. Uruguay 8s....... 3 1114 111 | Mo Pac 55 71 ret crop Yokohama 6s...... 13 94% ~94% 94 sy i c and 4.500,000 bales less 1 83% W | th par's record crop. | MISCELLANEOUS. [ 10343 | ather during the remain- | Ajax Rubber 8s.... 1 107 107 {NOT& 5 106 month and the first half | Am Asri Chem 7341 25 102 { Cen gen Sha. 3 83 of September will depend whether the Am Smit & R 1stbe 13 1024 Y Cent deb 4s. 4 9T 9 op will be larger or smaller than s lAmSmI‘&RSq 109 Y Crfim 4% 9 02 1 now indicated, the department feway ) | new Am Sugar ref 6s. 104% Y Centri 32 107 107 Hot, dry weather would tend to| 2% $ Gro 4 1 | span AmT&Tecltras.. g Y Cen 3 81w 8 3 the weevil hazard and_ corre- Seeman Bros. . | AmT& Tl tr§s. : o | NY 106% 106 spondingly enhance the AmT& T sf5s.. New Haven ¢ d 6. 110Y | outlook, but cloudy ~nd rainy davs| T |Am T & T deb 5%s Hav&H clt 65 40. 101 would tend to make 1“2 menace in- iica Gel vic % 10% | hou ing e wer; Efrc Am Water Wks 5s. ¥ Rys 6865..... 3 isingly serious, its experts safd. r 1 & B » Am Writing Pap s 9 9 OI'W I N Y State Ry 4%s. Infestation of weevils is the heavi- 04 AT Pillsh FI M Pitiah & Lale NEW YORK, (#).—Stoc many epec strong touch mnew record | rices. Bo “uban 4ls | peak or exchanges firm Apartment & poin Cotton eather and light commission Office Building Business Property Potomar Wash..: Alex. & Mt Wash! Alex. & Mt Wash Balt’ & Annap Washineton Gas b pese Home production Shifridge Prov St | pean sellin | Anaconda 1st 6s. Anaconda ev db 78 N Y W & Bos 4348, or & S gen 53 54. est sinece 1923 and is three times as heavy as at this time last year, with CHICAGO. reased foreig MORTGAGE LOAN: Corr 2 ARdesCor oot Yo dh cash house buyi Cattle irregular Ry Pot Sauthorn Blie. 0%« Wash. Market 5e 1938, Wardman Park Hotel 5%% STOCKE. PUBLIC UTILIT American Tel. & Telga Cabital Traction. Washmeton _Gas Norfolk & Wash Poton Porom Wash Wash ONAL BANE “American Bank ot Wa TRUST COMPAN} American Se & Trust Contiental sAV Ranic of Bethesd Commerre & Fast 12 \;OT}Z ON MERGER. 1 Corps Officers Here. Armour&Co 438 39 | Armour Del 54s. . Associated 01l 6s Atlantic Refin 58. . | Barnsdall 63 1940, | Bell Tel Pa 6s B Beth Steel p m 6s. Beth Steel rf 58 Beth Steel 5%s 53. | Beth Steel 6s. Brier H St st 5143 Bklyn Ed gen s, Bkiyn U ‘U’\ 5%s Con Gas N ¥ 5%4s. Consumers Pow 58 Cuba Canecv £s Cuban Am Sug 8s Dery (DG) 78 hber 8s.., teh 6% Hershey 5%s.. Pate 7s. Co5%s 38.. o rf 65 A. Rub 151 C S Steel sf bs fon 6 stinghousa ite Sew Mch 65, rATlgs. stn S&T 6s RAILROAD. 18 1017 1044 orthern Pac 4s. .. or Pac 43%s 2047, Northern Pac 5s D. 4 \ Northern Pacr 1 63 | Ore Short L rts 4a | Ore wash 1st4s... | Pennsyi zen 41z, . | Pennsy! gen 5s. Penusyl b3 64. \Pmnm L | Pennsyl gold 7s.. { Peo & 13 1st 45 40., Pere Marg 1st PCC&StL | pecastL 5s B | G West cl 48, |RIATK& Lss%s.. &S F pr In bs. L& SFos D, &S Fadjbs.. V con 4s DL 4la8 an A & Arn P 4s.. eaboard A L 4s sts A L ref ¢s. eab A L adj bs. bA Lco rd Av ref 45 60, 1 Ave ISt 55 37 rd Ave ad) bs. . Tr L&P 5%3 30 WTh 107% | 10352 103' 103% 10215 102 102%% 101 101 10U% 1047 104% 101% West Mary 83% B3% Western l'umc 5. 9% 99k 99% UTAH COPI’ER PROFIT. cond f rst $4.75 a share Product was ed the first quarter. PHILLIPS JONES EARNINGS. W YORK, August 9 (P).—The s-Jones Corporation had a net of £200,595, equal to $2.89 a of no-par com- st half of 1927, against 41 a share, for the first BEACON OIL PROTIT UP. NEW YORK, August 8 (#).—Net profit of $181,886 is roported by the | Georgia suffering most from the pest. | | net income of* $694,336 for the | the corporation the bond of which he | 83% | | trary happens he los PEERLESS HAS PROFIT. W YORK, August 9 (P).—The ss Motor Car Co. reports a net.| for the quarter ended June 30 06, against a net loss of S in the previous quarter and second | quarter of 1926, The net inc i the first half was 3, $900,138 for the first half of 1026 directors took no action on a dividend ing tod RUBBER ADVANCFS NEW YORK, August 9 (Special), Cruy rubber, smoked ri d sk rdvanc quarter cent at noon quotation of 3% pares with 34% a month ago ear ago. EVERYMAN’S VESTMENTS BY GEORGE T. HUGHES. Stockholder Is a Partner. With wcting o large proportion ment interest h they have bes in the past six | mont oc y ity 10 of the relr ntag s ‘and bonds for permanent stocks atty the status of the | first place nt from | r is radically dif the bondholder. T latter his money out at est and with the regular pay- ients of interest, the agreed upon vate and of the principal when it falls Any change in the outlook for owns is of importance only to the extent that it bears upon the certainty | of these payments Supposing the ! borrower enjoys excep pros: it means nothing to the bond | in the way of extra income. All he can heno for is some slight appre- | ciation in the market price of his bond | in recoguition of the increased secu-| | rity On the other hand, if hard times| and the business is conducted at | loss the hondholder must still be paid, otherwise he can force the com pat 1to bankruptey. The stock- holde has an en different stake in the enterprise. He did not loan his | money at all, he bought a partnership | interest. 1f the busine prospers | the stockholders gain and if the con- | He gets divi- dends when there are profits to divide and when there are none he goes with- out. He has no moral nor legal claim | to the return of the money he paid for his stock. No one can promise the stockholder continuity of dividends. Moreover, the market price of his stock reflects in its wider range all these uncertainties as | Sales i compared with bonds. The only way | b he can realize on his investment is to sell his stock and take whatever the market is willing to pay at the time he has to sell. That is true of the bond- holder to a very limited extent and if he waits long enough his bond will be paid off in full as it matures. These fundamental distinctions are often lost sight of in times of great speculative activity in the stock mar- P m St Reg Pap 100 Ind P 3200 Int Pet C 100 Ohio 300 Penn Mex 2 00 Prairle 0, & G ! lower. and Com Tob BUTTER IS STEADY. ras (92 scor ts (88 to 91 score) i CH!CAGO LIVE STOCK MARKET August 9 (United Kirkland_Like G 40 Mason _Val spots more; 200 pound: to 250 pound | i g ¢ 60 to 300 pounds, 04 ; STOCKS. strong hoes, 7.00 13.000 head; rs and good to choice 3 cents lower; quality bulls plain on paper; vealers S high - choice weighty | bullocks bid 14 g vearlings up | to 14.00; heifer '\gfi 13.00 | fed stees a ) ‘nw 50; practical top 7.00. heavy 14,000 head; fairly active, generally steady with yester day: early sales good to choice range {lambs, 11.00; choice rangers held around 14.25; bulk moderately sorted natives, - 13.50a13 kind around 13.00 lections, 14.00; culls mostly sheep ste: better weight fat nati ly; few heavies, unchanged: | Sheep—Receipts, { ative se- 9.0009.50; E=S iesirable 00 most- feeding ible, 12.75a e 838 & lightweight: NEW YORK MARKETS. NEW YORK, August 9 (#).—Flour firm; Spring. patents, 7.40a7.75: Winter ‘straight, 6.20a6.60; hard Win- ter straights, 7.15a7.50. Rye, strong: No. 2 Western, 1.11% f.o.b., New York and 110 c.if. export. Bariey, strong; malting, 95% c.i.f. New: York. Lard, ‘middlewest, 12.70a12.80. Wheat, barely steady; domestic nber, 1.43%. Oats neglected. articles unchanged. S ERAEE ™ et wm_cm_,q 2 R BrazErience R 8.00 or | practi- | bulk | medium to good | soft | 1321 Connecticut Ave. Telepone Main 9700 Cor. 15t and \e“ York Ave. )0.000.( Over 50,000 Customers —are served by this bank. Co'xvmtmg evidence that we give protection and service of the right type. Deposits invited in y amount — Same Rate of Interest Paid on accounts, large and small. Safe Deposit Boxes At Nominal Rentals Natlonal Savmgs & Trust Co. Oldest Savings Insti 1 District of Columbia ORTGAGES: IT IS SIGNIFICANT —that many people who have pen der 69, (] Century W.ithout a Loss Main 2100 1 the long enjoyment of inde- 1t means are careful :h:tt well to see improved property is backbone of their in- This fact, in offering of FIRST MORTGAGES —should be of helpful guidance to you who may be secking safe and profitable placement for ims vestment or small. B. F. SAUL COQO. funds, either large 925 15th St. N.W, r | Atian C L $%8 64.. wn. Beacon 0il Co. for the quarter. ended [ Abi & Dan Int 48 4L 20 June 30, against $58,i ! for the pre- £ & OGol 3 Ve's ceding Quarters '« ket, but investors who do not keep them in mind are laying up trouble for the futurey IS NO SUBSTITUTE FOR SAFETY