Evening Star Newspaper, August 10, 1927, Page 10

1o ~+= -_IiI_N_A_N CIAL., NEW HIGH RECORDS SCORED BY STOCKS Open With Wide Advances. Trading Slows, but Prices | {ified chem 6" 1 | Amal Leather Hold Firmly. | Amerada (2). | Am Agricvl Chm Am Agri Ch pf.. Am Bosch...... | Am Br Sh(j1.60) | Am Rrown Bov. <tocks | Am Brown Bo pt SHECLS | SmMCABAR). on | Am Can pf (7). Evidently the ac-| I 2 Vesterday, when | Am Car&Fdy (&) 103 « imy as it had Monday, had removed | ubt still existed ts technical pos to cover and all the fa-| 1 Open 77 153 12'% Adams xp (6). Adv Rumley.... Alr Reductn(16) Ajax Rubber. | Alaska Juneau.. ' Abrahm&Strans SORGE T. HUGHES, e Star August 10 with wide BY G Dispatch to T YORK, the day along the line. of market advances i all 3 tion 3t vecon gone ¢ what tion new by vorite ¥ Kened 1l the Am Chain pr(7). ed Am Chicle (3).. Y Am Drug (80¢) | Am Express (6). Am & For Pow. . Am o Po pf(7) 100 Am HIde & L pf. 61 an hour | Am HOP (2.40). 5 Hobiiy .“\"\..».‘.:-‘“x' | Am 1ce t110), Am Jee (n). held it not | (1S W IER FSROTD | i TanARRALS by Dalawin. 10 oo am Gmsesaintic oy B “\H‘\.:,‘-: Am Machine Jovl Am Metals (3).. 45% 1| Am Plano (3)... 85% | Am Po& Lt (11) 60%5 1319 145 serambled % ors appeared for % 120 30 but far were est row whi plled to pa Yidison (he present company inn Gas the best i the blist 1 short se £l v pre ich sold at the ¥ by Brooklyr n the histc 23, {Am Ry Exp (6). Demonstration Against ris. Ad éfwtt'-bll,c'-‘-’- The in Baldwin was probably | {0 SHARELT)- a demonstration against the d"‘:"'}::\msmel”nz'fi‘l That in the two utilities was described | 470G E, 78 ) an investment movement. Rethle- | (p g0 tgy” iy “was still_discounting the | Am Sugar pt ( proba v of a dividend on its com-| gp gumaers mon stock, it not this year, early inAm Tel & Tel(s 1998 Am Tobacco (8). 1id% 1 e Am TobaccoB(8) 144 1 was the most significont Am Typ Fdrs(8) 129 a splitup in Brooklyn m have | Am WW (c1.60) 98 veen officially denied and the stock | Am W W (m8oc) had nothing on which to base an ad-| Am Woolen..... vance except its established earning | Am Woolen pf power and vet ¥ sold today on an ap-| Am Writ Pa ctfs proximats 4.4 basis. Earnings in 1 Am Wr Pa pf efs xere $1213 a share and since that|Am Zine pf ma $15.000,000 of new stock has been | Anaconda (3). sold. 1 hows how highly the | Archer-Dan (3). market capitalizes income of an elec- | Arch-Dan pf(7). aric ht and power comp ArmourDel pf(7) 84 U. 8. Steel opened unchanged, but Armourof I1l(A) 9% san up a point or so before the un-| Armourof Tl (B! 5% illed tonnage statement figunes came | Arnold Con&Co. sut at noon. These showed an increase | Artloom pf (7).. 113 »f some 58,000 tons against the Wall| AssoDry G(21) 454 Street guess of 100,000 tons. Republic | Asso D G 2d (7). 1075 1 fron and Steel was the strongest of | AtT& SF(19% he independents, Crucible lagging he-[AtICL (18%). aind. General Railway Signal distin- | Atl Gulf & W1 suished itself by a run-up of over five | Atl GuIf&WI pf. Soints. Timken Rolled Bearing gained | Atl Reflning (4). most as much. Atlas Powder (4) General Motors was strong right | Austin-Nichols.. ‘rom the start. The short interest | Austin-Nich pf.. 1ad apparently eliminated itself pend- g tomotrow’s dividend meeting. Du | Baldwin L (7). & < | Balto & O (6).. >ont went along with both General | pay oo o p)rm Motors and Steel. | Bang & Ar (3).. R More Irregular. | Bangor & Ar rts. Raflway shares were more irregular. | go% f The weekly statement of car loadings | gaTnsdallA2H) xas interpreted favorably or unfavor- | gatttddil B2 1bly, according to the viewpoint. The otal was up from the previous week, | gaacon Oil, st was down from the same week a | pest g o o " cear azo. This is the twelfth week in| petniehem Steel vhich loadings have shown a decrease | Bloomingdale, .. :ompared with the same periods in|Ben AmiCl A(4) 926. Atlantic Coast Line was strong, | Botany C Mills A 25% xith a gain of over 3 points at 196, | Briggs Mfg (3). 274 >ut most of the seasoned dividend|Bkin-Edison (8) 178 »avers were unchanged or fractionally | Rlkn.Mn Tr (4). 54% ower. Chicago Great Western pre:| By Man T pf(6). 821 ‘erred stood out among the low-priced | Bklyn UnGas(5) 141 ssues. Brown Shoe (2). 41% The feature in the oil list was the | Brunswick B(3) 2914 weakness in California Petroleum con- | Burns Bros pf(7) 9214 tequent upon the halving of the divi-| Burros Add(t4). 106 fend. Although this was tangible evi- | Bush Term (b8) 58% fence of the difficulties under which | Bush Terde (7). 1027 1 .he industry is operating, other oil | itocks were not much disturbed. | Butte Cop (50c). | Butte&Super(2) | Byer & Co... 5078 437 1 BR 113 61% haps the str i 4 ports of 45 42 46 44 25 0 T84 9y 34 2413 88 161y 507k 61'y 40 57 4 9% 815 5 . Wall Street Briefs | Canit Packg ). Calit Petroi(2). 2114 10 (. |CallahanZine... 13 ands in no urgent need of | CAIUMELE Ar(6) 69 foreign capital, and will not borrow | 4 & Fleclacd) 164 heavily in the New York market in|cinaca Bey (Do 55 the coming months, because French | Cah PACHC (10). 187 1 thrift has raised post-war savings to| 2% (A et i) an amount sufficient to meet a large | c Tyl (o) o0 part of the demand of business and | gane Threshx! industry, the Bank of America Says|Cent Leather pt, n its monthly review. | Century Rib M. Cerro dePas(15) Certain-Teed.4) | Certo (t25%)..... | Chandler vt(213) 66 NEW YORK, August France Other European nations, however. will soon turn to the international | market for credits and loans, the re- view continues, and adds: “We ap- parently are able to supply foreign horrowers at the rate of well over $1,500,000.000 a year, and as long as these requirements are kept within! 3 this figure no great drafts on pi:her‘g::élflaf:!{":’t aur gold reserves or capital appear to | cii St Vest pf. . be impending.” Lot oA Corporation | CM & St P cf; ¢ dividend of | C M&StP pf ¢ Chi & Nwn (4). 18% | Ches Corpn..... Ch1 & Alton pf. | Chi & East 111, 70% A% 04 151 291y The American Electri has omitted the quarter 43% cents on its class A stock, due at | this time. |CRI1&PDL (6). 101 Best & Co. has declared an dnitial | CRI& P pf (7). 108% quarterly dividend on capital stock. | Childs (32.40)... 60 payable September 15 to stockholders Chile Cop (215). 6 phs e (e | Chrysler Corp(3) 5 | Chrysler pf A(8) 111% 1 The Pacific Coast Co. had net profit | City Stores (B). 5014 for the first half of $54.162, against | Coca-Cola (5)... 117 L3 41 in the f months of | Collins & Atk(4) 115 but for the quarter | Collins & Aik(n) 94% Jun a loss of $44,164, | Collins&A pf (7) 105 against profit of $98,326 for the pre- |Col Fuel & Iron. 84 seding quarter and profit of $38,995 | Col & Southn (3) 126 for the second quarter of 1926 | Col Gas & El (5) 95% Net profit for the six months ended June 30 011 is rep: Timken Detroit Axle ¢ cents a s n 2ommo; | Co ted by the | o g:':t““)w‘ squal 10 65 | Com fnv (3.60).. 30 F | Com Solv B (8). : | Com Powr (234) 574 | Congoleum-Nair 231, increase in British | Cong Cigar (4).. 6415 trade in artificial silk is shown in re- | Con Clgars (7). 82 ports for the first half of reach- | Consol Distribut Ing the Bankers' Trust Co., imports | Consol Gas (5)., 10! of artificial silk varn heing 1.154.300 | Cons Gas pf (5). 98% Shan. 100 pounds dur- | ConRRCuba pt 6 7% ing the first half of 1926, and exports | Consol Textil totali 650 pounds, as compzred, | Cont Bakg A(4) » with 3, 600 for the first half of last | Cont Baki: vear. | Cont Can Cont Mot (80¢). . | Corn Prod (13).. Coty Ine (5).. CrucibleSteel(8) 9215 | Cuba Cane Suzar i Cuba CaneSu pf %5 | Cuba Compy (3) 2314 {Cuban Am S (1). 21, Cuban Am pf(7). 10 uban Dom Sug. 14 udahy Pke (4). 47% Cuyamel Fruit.. 46% Davison Chem.. 31 Det & Hud (9).. 20815 Del L& W (7). 161% DRG Wstpt... I8l Detroit Ed () 1| Devoe& R 18t(7). 110 | Diama Mtch(8). 132 Dodie Bros CLA 174 Dodge pt (7).... Ston. lown, and | Dome Mines (1) 7 Tewion: Jowa. A0d | Dushit Jot (0}, SM0% <, headed by Ham- | Dupont (+314).. X6 Tortly will offer n | v Pont deb(6). 112 lien collategal | i 1634 r 6 per cent honds 26t per cent notes. 13y 91 59 17 2014 450 367 A considerable 1% 545 92in Net earnin the National R ways of Mexico for the vear e June 30, 1926, were 6,213 Mexicin gold pesos compared with 2,475, ican gold pesos for the previ ous year. The American 13 Corporation fix eaci ticipa d common stock investment trust, | representing a 1-1000 par voting _ownership in ek of 30 leading Amer including eight raii prine il Standard Oil com important mannfacturir corporations. share non the ex ne fon » Cen elephor s wcquired three indep Connersville, wdent impanies Ind and Fairfield an djacent territor New York ba on & stman (18). aton Axle (2).. Elsenlohr & Bro. = . iiisenlohr pt (7) The Western Power, Light & Tele. ?r-.li\’.iwuum/n phone Co.. having holdings worth $ ol L 000 and main office at Ing, f e e s as Irl"')\ formed Iv‘\ 1'07\\1‘;!1] | Kleo P&LY peCT) 10 e e o e "% moe | mbiRatrgeratn 1 ‘ s o Stge Bat (16) 711 B8 CLA B e & 00 lasnauonnilk).;. 170% and Porter Fox Co. of | yngineers Pub8 28 gnrs PS of (7) ng tu £700,000 Uil vith thi York ) 625 61 62 20'% DIVIDEND BOOSTED. YORK. August 10 (#) Great Atlantic & Pacific Tea Co. declared a quarterly dividend of cente on common, placing the st | Euraks Va ft43, a $3 annual basis. Quarterly divi-" Fed Lt (h2.40).. have Leen 60 gents. Fed L&T pt (8). 99 e | Erte Stm S(23%) T6'% 102% 102 Hig 163 124 132 103 101 56 h 1901 1917 13% B4% 121 304 485 74 1 36k 62 chem Steel, at the hizhest| am Radiator(5). 1323 133% 132 100% 100's 100% 507 487 4% 51 8914 13 16 45 129 441 84 9 5% 324 113 0 81 Bang & Ar pf(1) 114's 114 834 164 50% 544 824 41y g 0= 597 « 193% 1940 THE NEW YORK STOCK EXCHANGE EVENING - STAR, Received by Private Wire Direct to The Star Office. Low Close ' | ABItIbI Pow (5). 1021 10 10 121 54 59 181 102% 100 13 143 100 643 Aty 120 ™| Am Locomot (8) 107's 107% 107 a9 45% 354 6013 13 6lly ) 171N (71 16915 L% 144 4415 107'5 1074 1071y 84 9'a B 3Ly 113 45 118% 119t 118 T84 9% 3 11415 24% 24'9 83 | Bayuk 1st pf(7). 109% 109% 1094 1615 % 2 184 1 54% 821 154' 140+ ETEN 2 106 58% 2% 1023 4 9 34 66 1% 69 167% 601 L 19 T 14% 46 80 15% 20% 60 % 10 Ches & Ohfo(10) 191' 191% 191 R9% 0% | Chi Roek Is (5). 110% 112 101 108% 105% A » 117 514 943, 84 128 967 17 Bush Trm pf (7) 117% 117% 117'% 4 9% 8414 | Byer & Co pf(7). 110% 110'2 110t 2% 18% 13% 45 101 60 « 1115 49 1% 17 115 115 9 105% 105 93¢ [ Col GRE pf A(6) 106% 106% 106% 17 20% 204 36 231 224 106 14 47: 48 31 299% 163 152 110 133 170 49 a0 112 168 “ 6814 68 264 1 a1 0 105 17 iy 62 62 301 751 29 " Q o i A% 427 106 14 47w 4iily 3074 205 1o L 4 166 13 91 104 10415 10475 Srie Stm S pf(7) 107!y 10715 1071y 29 114 109's | Fed Min pf (T).. | Fed Mot T(f80¢) ¥i1d Phoenix (4). k Hubber Fisk 1st pf (7) | Flerschmann (3) N i 564 | | 1305 | | Found ton (5). Fox FIim A (4). Freeport (14%). | Gabriel Sn(3%4). Gardner Motor Gen Am Tnk (3) Gen ATC pf (7). ien Asphalt.... Gen Bakg pf (8) . en Clgars (4).. c sp(6ic SA(01%5) Gen G & I A(8) enMotors(t10) en Outdr Ad en Ry Sig (5) en Refrac (3). imbel Bros. iden Co...... ilidden pr pf(7) iold Dust...... Goodrich 1tu (4) { Goodyear Tir ) | 45% 3614 | 6115 | | ll\tml 507 ‘1?\' { <‘,~A oy Gotham new 214 iould Coupler A. Granby (4)..... Grt North pf (5) | Gt Nor pf efs(5) Grt NorO(1%). Great WnSug(n) Gt West S pt (7) Green Canan. Gulf Mo & Nor. {Gulf States (5). Hacknsk A(1%) Hanna Istpt. . toe & Co A | Hollander & Son 1705 1451 | 115 129 | 1001 | 48t | i 5414 Homestake (17). Houshld P(3'%). Houston O1.. Howe Sound(4). | Hud Man (2%). Hudson Mo(314) Hup Mot (1.40).. [llinots Cen (7). Indep O11 (1). Indian Refining. (nland St (214) [nspiration. | Internat Agri... 9% | 3ty 243 | 241 | K81 1614 | 50% | 61l i e «! Int Agricul prior Int Bus Ma (4) Int Cement (4). Int Com Eng (2) Int Harv (§6)... Int Mtch pf(3.20 Int Mer Maring [nt Mer Mar pt. tnt Nickel (2)... [ntl Paper (240) Int Paper pf (7). Inter Salt (6)... int Tel & Tel (6) { Int Tel & Tel rts Island Creek (4) Jewel Tea. Jones Bros Tea. Jordan Motor... Kan City South. KayserJ (4). Kelly-Spring. Kelsey-Hayes Kennecott C (5). Kinney pt (8)... Kresge (1.20) Kress S H (1)... Lago Ol (3).... Lambert Co (5). Lee Tire & Rub.. Lehigh Val(314) Lehn & Fink(3), Life Sav (1.60).. Lig&MyrsB(f4). Lima Loco (4).. Liq Carb (3.60).. Loew's In¢ (2).. | Loose-w:1 69 | 16% | 97 | i | Loose-W 1st (7) Lorillard Co.... Loutsiana Oil. .. La Oil pt (6%).. ouisGasA(1.75) Louts & Nash(7) Ludlum Steel(2) McCrory (1.60). “rory B(1.60) ¥ DL (6). Mack Trucks (6) Mackay (7).. Macy R H (5) Madison Sq Gar. Magma Cop (3). Mallison & Co... Mallison pf (7)., Mandel (2%)..,. Man E1Sup (5). Man El m g (d5) Man Shirt (1%4). larket Street Market St prior. Marland Oll..... Marlin-Rek 133 9% | 15% | 30 | 29'% X% 111% 101 % | W | , il 106" 17 201 MaytagCo(t2%) Mexlcan Seab... Miamt Cop (1).. MidContinent(3) Middle States... Mid States O1l ct Minn & St Louts. Min St P & SSM. MStP&SSM li(4) Mo Kan & Tex. . Mo K & T pt (6). Missourt Pacitic. Montana Pow(5) Montgmry W(4). Motion Pie (1).. Motor Met(3.60) Mullins Body... Mullins B pf (8) Munsingwr (3).. Murray Corpn... Nash Mot (14 t Beilas He: tB Hess pf(7) Nat Biscuit t5% Nat Cash R(A)3 Natl Dairy (3).. at Dept Stores. Nat Disttllers. .. Nat Enamel & S. at Ry Mex 2d-., | Nat Supply (4).. Nat Surety (10), Nevada C(1%).. INOTex &M (7) 42 5k { T34 | 11 54 92% 0% T N Y Alr Br (3).. N ¥ Cent (8). N Y Centralrts. | NY Chi&StL(11) NY DocKessasus NY & Harl (5).. NY NH & Hart. NY Ont& W (1). NY Steam pf(6). NY Stm pf A (7) Norfolk South, . ;Norl& W (8)... 4| 46 | 307 1 6 Norf & W pf (4). NorAm b10% stk Nor Am Ed pf(7) North Pae (5)... Nor Pac cfs(b). Northwn Tel (3) OIl Well Sup.... Omnibus....... Opnhm Col (4). Orpheum Cir (2 1 Otis Klevator (6, OUs Steel. . Outlet Co (4). Owens Bot(Ct5) Owens B pf (7). Pacific Coast. | vacinc Gas (2), | tac 01 Stubs | Packara (12.90). Paige Motor.... Pan-Am (6).... Pan-Am B (6).. | Pan-Am West B Panhandle. . Parmt-Fam (§8) Park & Tilford.. Park Utah 80c). Pathe 5x A (4). Patino(1.21 2-3) Peerless Motor. . Penick&Ford(1) Penick&F pt(7). Penn C & Coke. . 101 1070, 5 2% 99 Pa Dix1eCt(3.20) Panna R R (3%) Peoples Gas (8). Peorla & Fast.., Pere Marg (18). Open. High. Low. 95 [ 20 140 1% 111 "1 17 N1 61 103% 68% 9 304 49'% 102 236 14% 145% 2415 2 1025 102 145 14% 8 28 5% 65% 150 153 150 87 85. 35 131 131¥ 181 Close 95 20% 140 17 631y 64 104 | Spicer Mfg.. Pere Mara pf(5) Phila Co (k4) Phila& RC& ). Phil-lones pf(7) Phillips Pet (3). “hoenix Hoslery ) Prerce-Arrow. .. Plerce-Ar pf(8). Plerce Oil. . Plerce Petrolm. ., Pitts Coal... PittsTerm Coal. Pitts & W Va(8) Postum (5). . Pressed Sti Car. PrStl Car pf(7). Prod & Refiners. Producers&R pt. Pub Serv NJ (2) Pub Serv pf (6). Pub SE&G pf(6) Pullman Co (8). Pullman ctfs(8) Pure Oil (12)... Purity Bak B(2) tadlo Corp Qf A. | Radio C pf (314) HiCefs (4). g (15). .. | izeal Silk Hos (1) i Reid lce Crm(3) Reid IceCr pt (1) Rem-Rand 11.60 Rep Ir & Sti (4). Reynolds Spngs. Rey Tobac B (5) Robt Rels & Co. . sia Ins (8) RoyalD(al.33%) Safety Cable (4) tJoseph Li(t3). t L&Sun F(18). t L&Sank pt(6) St L Southwest. Schulte (31). eabd Air Line.. Seab Alr L pf. agrave(el.20) ears-R (n2%). | Seneca Copper. . Shattuck F' G (2) hell Tra(a2.41) Shell Un (1.40).. Sher-Wil pt (7). Shubert The (5). Simmons (2).... Stmmons pt (7). Simms Pefe..... Sinclalr Oil. .. Skelly Of1 (2). Snider PKg pt... SPortoR Sug(n) South Calif Ed.. South Dairtes A. Sou Dairies B. South Pac (6)... Southern Ry (7) outh Ry pf (5). Std G & 1(3%). Std G & E pf(4). Std Mill (5) . StdOilCal(12%). Std OILNJ (11%) | Std Oil NY(1.60) terling Pro(t6) Stewart-War (8) Stromb Car (2). Studebaker (5).. Submarine Boat. Sun Oll (11). Superior Oil. Telautogra (60¢) Cenn Copper (1) Texas Corpn (3) Tex Gulf 8 t43%. Tex & Pacific... Tex PC&O160c). Tex Land Trst n Thatcher Mfg. .. Thatchr pf(3.60) Che Fair (2.40). Thompson (3.60) Tidew Aso (60e) Tid WASOilpt(6) TideWat O(80e) . Timken R(5%1) Transcont Oil. .. Twin City pf (7) Underwood (4).. Un Bag & Paper. Unlon Carb (6). Union Oil (12%) Un Pacific (10).. Un Pacific pt(4). Utd Cigar S(c2). ~ | UnCig St p(7). lus U United Drug (9) UtdDrg 1st(313) | Utd Fruft(15%) USC1P&F(10) {USCIPDL (7). | US Distefs new U'S Alcohol (5). U S Leather w 1. S Leather A. . USLeat pr pf(7) U S Realty (4) U S Rubber... U S Rub 1st (8), u melt (3%). USSmpt(313). Steel (7).... Steel pf (7). Unv P&R(12%). Utl P&LL A (e2) { Vanadium (3)... |-Vick Chem (4) Victor Tlk Mch. Victor cv pt (6). Caro Chem, . -CarCh 6% m Car Ch pf (7) ; Va Ir C&C pf (5) | Vivadou (3)....” Vulcan Detin Wabasn Wabash pf A(5). Walworth (1.20) ?1 Warad Baking B. 85% 493 131 | Warner Plo A. Warner-Quin(2) Weber (4) ... Weber & Heil(T) W Penn El A(7). | W Penn I pf(7) | West PPo (6).. West P Po pf(7) West Maryland. West Md 2d pt | West Pacific. West Pac pf (6). WesthseAirB(7) | Westinghse (4). Weston Electrie | White Mot (4).. White Rock (2). White Sew M(4) White Sew Mach | Wickwire ctf: Willys-Overlan Willys Od pt (1) Wilson & Co.... Wilson Co pf A.. | Woolworth (5).. Worthn Pump. .. | Wright Aero (1) Wrigley (13%). Yale&Towne(5). | Yellow Truck. .. Yel Tr&Co pf(7) YungstnS&T(5) Hourly Sales am., 579 | are the | latest aquar Unl nual erly “or ds are not Unit_ of t artly extra able W _common stock, aF pTen per cent in % _quarterly. share in stock. stock. kP in Class A stock n Partly stock. © . 6% NEW YORK, 1.08% c. i. malting, 94 c. 1. steady; Middle Wheat futui { domestic, unchanged. NEW YORK, gainst $4i 14 $92 300 1 p.m.. 1,163,500 Disidend ratcs as eiven in the above table 8l s otherwiso tioted. extra or special divi clu ding ese than 100 shares. 3 Plus 4% id this year—no re o Plus 5% 1 stock. d Pay- h Plus $1 4 share in ble 1/40°0f & sh Plus $:3 1n o -half of common stock. flour, steady; fancy patents, new, last | | half "August’ shipments | 140-pound jute bags. f. export. s opened barely s September, profit of the Western poration for the first half was $239,89 501 in the first half of [nxchange on London, and for the second quarter was A% as compared with $190,142 for The dollar was quoted at 25 francs WASHINGTON, High. Low Close | 91 94 105% 102 Y Open 41 102 43 9, 435 | | | 2915 1331y f 834 102 56% i | 89'% 3 1 el 39 877 6014 23 | 55 | 824 | 484 9% 97 9Tl 85 861 Bl | on N. Y. Market. 3 10 2 p.m.. 1,381,500 h payments based on the half vearly declarations. ed, ) stock § Pay- 3 Plue 2/60 10 ular rate common atock vavable stock. ble 10 cash ot stock. 2 Phs 1750 ial | 0 stoek i Plus re aua in atock Terred stock m Plus R NEW YORK MARKETS. i August 10 (#).—Rye | 5.85a6.10, in | Barley, eas New Yorl i West, 12, £ 1.43%. Other PROFIT IS SMALLER. August 10 (#). Electric: Net Cor- | the second quarter last year. | will be several new ones on the list. | spoke highly of the { ued | the | board tods | Po | which will interfere with its business, D. C., WEDNESDAY, NEW COURSES PLAN OF BANK INSTITUTE Business Forecasting and Analyzing Statements Two Added to School. L week ol shipped AUGUST 10, 1927. Commodity News l | JOPLIN, Mo., August 10.—The bet ter demand for lead and zinc has| strengthened ore prices in the trir| ate field. Lead ore has gone up to $85 a ton, while zinc sales have been | made at $44 for ore. NEW ORLEA Mills of the Southern Pine Association in the last 26,206,000 feet of lumber, 000 and produced 48 000,000 feet. 1'nfilled orders now total | 166,963,000 feet. | | SAN FRANCISCO.—Disorganization l of the prune market is forecast from BY EDWARD C. STONE, Tt is expected that two new courses | will be added to the classwork of | Washington Chapter. American Insti- | tute of Banking, when the Fall term | The courses will be on how | ilyze financial statements and forecasting. | ached at a meet committee last | evening, pr over by the institute | president, 1 J. Roberts. The plan to extend the courses offered last year will he presented for ratification by | James A, & chairman of the edu- cation comm at a meeting of the | hoard of governors to he held at his | home, in Clarendon, this evening 1 he other courses probably will he W the same as last year. They 50 comprehensive that Washing. | ton’s junior hankers are offered an | opportunity to get unusually thorough | training in their chosen profession. President Roberts now is engaged in | obtaining a corps of teachers as strong as that condueting the worl last year. 1 of las s instructors ha to serve again, and there ing of the Sev 1gree ircctor’s Death Deeply Regretted. | The death of Sidney West was deep- | Iy regretted in the financial district | today. He was one of the organizers | of the District National Bank and had | served on the hoard of directors ever | since. President Robert N. Harper long and efficient service that Mr. West had rendered the bank. His advice while the insti- tution was getting established was conservative, sound and greatly val-| The fact that his death had been | expected, hecause of tha weakened | condition of his heart, made his pass- | ing none the less mourned. Trade Board Plans Stock Probes. The Federal Trade Commission s | planning an investigation into. sales | of fraudulent securities. A so-called | “blue sky” investigation ig to be con- ducted under the general powers of | commission relative to interstate commerce. The commission has ready Investigated operations of sev- eral companies selling securities de- livered in different States, Orders as result of these inquiries are in prep- ation. Announcement of a general blue sky” investigation probably will be made simultaneously with issuance of orders relative to these specific | companies, C. & 0. Stock Move Defended. The acquisition by the Chesapeake & Ohio Railway of stock control of | the Erfe and Pere Marquette will not be a bad bargain for C. & O stock- holders, says the briet prepared by counsel for the railway in its appli- cation before the Interstate Commerce Commission. The brief insists that the new plan for C. & O. expansion in the Middle West has heen approved | by a majority of stockholders exclu- sive of the “Van Sweringen stock” and that the special committee of the | Chesapeake & Ohio appointed to con- | sider the associatlon of the system with other lines approved the plan | “independently and in the best inter- ests of the property Year Book Reveals U. S. Prosperity. Another record year for American | business is reported by the Depart- | ment of Commerce in_the Commerce Year Book for 1926, Business expan- sion beyond the high points of 1925 is disclosed in compilation of all the im- portant industrial and commercial Statistical data for past calendar year The Year Book discloses [;-‘nel‘al satisfactory trends in major lines "’i commerce and industry, although no | attempt is made to forecast future de- velopments. Financial District Notes. ocal bankers who are especially in- {erested in the South called attention this morning to the fact (ha! up to to- dny cotton had advanced $15 per bale since last turday. The € rhh'w declared a quarterly d|\'ld?n(| n the common, placing the stock on a $3 annual bas ® regular quarterly dividend of 1% per cent was declared on preferred, all o ot payable September 1 to stock of rec-| ord August 1 ":ie\‘n‘ 1 Washington bankers con- sider the new plan of the Bureau n}(‘ Internal Revenue to mnotify by mail | all taxpay when their tax returns | have heen approved as entirel un- necessary and a waste of money. Un- | less the taxpayers receive requests for | additional funds, they kn:':w their re- rns have heen approved. | e "Auguat lssus of the Security | News, published by the staff of the | American Security & Trust Co., has ppeared. It is edited hy Robert L. Flather, isted by Misses Eva M. | Johnson, Mae Gordon, Anna John-| largaret J. Buckle; sek, Tsabel Booth and Mrs. Mar | jorie Plumpton. | Local Securities Again Strong. Merchants’ Transfer & Storage com- | mon reached a new peak on the local | ¢ when it sold at 132, Po- | tomac Electric 5% per cent preferred | climbed _to 1 nd then closed 1021;. Lanston hit 100 on the sale| of one share, and Peoples Drug Stores preferred sold at 110, On the hond side Chestnut Farms | Dairy 61s sold at 1053, Gas bonds, | series B, moved to 105 on a $1,500 | | and | Dressed beef has moved a little better, at Atlantic & Pacific Tea | Mildred | 1 failure to organize about 50 per cent | of the growers now members of the Growes Co-operative Association Market agreements hetween packers growers depended for effective- ness on about 90 per cent of the acre- | \ge being signed up. i CHICAGO.—Business in packing house products livened up somewhat | during the t week, under continued | leadership of ham and bacon. Fresh pork also showed good demand. PRICES TEND LOWER IN WHEAT DEALINGS | Government Crop Report on Spring | Yield Expected by Traders to Make Bearish Showing. By the Associated Press CHICAGO, August 10.—With the Government crop report on Spring wheat th fternoon expected to | make a bearish showing, wheat prices | early averaged lower todav. Gossip was current that a present less prom- ising condition than on July 1 would not be reflected until the next re- port. Opening % to 3 lower, wheat underwent a slight further drop and then scored rallies. Corn was easy, starting unchanged oft but | later firming up. developed strength. Provisions tended (o sag Government figures on Spi ng | wheat yleld were rather generally ex pected today to conform to datest pri- vate estimates, which indicated 290.- 000,000 to 305,000,000 bushels. Offi- cial July returns were 274,000,000 bushels and last year's crop 305,000, 000 bushels. On the other hand, unoffi- cial trade authorities looked for a reduction of 10,000,000 to 25,000,000 bushels in Winter wheat production compared with last month. { Some experts, however, said the Government figures on the condition of Spring_wheat were gathered two to three days later than the date at which prviate reports were compiled, and that the Government report might easily show below private re- ports. It was pointed out, neverthe- less, that black rust development did not get well under way until after August 1, and that the Government report could not well give an adequate idea of what has happened in the last 10 days. WHEAT- September December March to 1% Oats ) €O N September ... ol ua 231 2RRE AT December Mareh . . . RYE-— September . . o5 | Decamber A g | March 3 CHICAGO LIVE STOCK MARKET CHICAGO, August 10 (United States Department of Agriculture). —Hogs—Receipts, 19,000 head; trade generally 10 to 15 cents ; best light-weight packing sows early; strong to a shade higher; top, 10.90; bulk, 160 to 200 pounds, 10.50a10.85; small supply 220 to pound ‘averages sold early at 9.503 10.40 largely; heavier butchers ex- | tremely slow: big packers bearish; few sales 260 to 300 pound averages, | 8.7529.40; most packing sows, 7.35a .85; bulk slaughter p a10.00; heavyweight hogs, 8.4029.60; medium, 9.15a10.85; light, 9.50a10.90; light | light, 9.15a10.90; packing_sows, 7.00 | a8 slaughter pigs, 875a10.35. ! ttle—Receipts, 12,000 head; good | to choice fed steers and vearlings mostly steady, other grades slow, weak; vealers less active; steady to 25 lower; other classes mostly un- | chanuged; killing quality and sleer“ and yearling run less desirable; prospective top weighty steers, 14.25: | strictly choice 1,232-.pound average | up to that price; bulk fed steers, | 12.00a14.00; grassy and short fed | kinds, 1200 downward; first con- | signment Montana grassers comprised she stock: bulk vealers, 14.50a15.25. Sheep—Receipts, 17,000 head; fat lambs slow, mostly steady to weak; few early sales around 15 lower; carly top rangers, 14.10; bulk West- erns eligible, 13.75a14.00; bulk na- tive lambs, moderately sorted, 13.25 a13.75; culls, 9.00a9.50; sheep steady, desirable weight fat ewes, 6.00a7.00; few heavies, 5.00a5.50 feeding lambs, = unchanged; bulk eligible, | al2.25; asking upward to 13. for choice lightweight that price paid late Tuesday for choice 60~ pounder: !ton | ket. *INANCIAL. COTTON DECLINES AFTER EARLY RISE Renewal of Realizing Meets Bulge and Halts Upward Movement. 51, % 1010 Vermont Ave. MORTGAGE LOANS 512%—6% Application for first mortea cted upon by our 1 ant Department Low Commission W. H. WEST COMPAN Founded 1801 By tha Assnciated Press NEW YORK, August 10 market opened steady at a de cline of 5 points to an advance of 10 points. Most of the active months were slightly higher on covering by ome of yesterday's late sellers and | rebuying ‘promoted by relatively firm Liverpool cables and expectations of a bullish weekly weather report, with reference to holl weevil. Decembe sold up to 20.07 and March to 20.2 uring the first few minutes, making net advances of about 15 to 20 points, but the bulge met a renewal of realiz ing, and the market was unsettled toward the end of the first hour. | Decmber broke to 1% with the active mon showing declines of 20 to 25 points. Fluctuations were ind irregular later in the morning The weekly report of the Weather Bureau emphasized the holl weevil sit- uation, but on the whole seemed no more unfavorable than expected, and was without much effect on the mar- The cot Loans net rather nervous 5% On Imgproved: Property At midday December contracts were nolding around 19.87, with active months 2 to 3 points net lTower, New Orleans Market! NEW ORLEANS, August 10 () — After two days of sensational ac nees the cotton market today was erratic, with weather conditions the | principal influence. The market | opened at a decline of 7 to 10 points | Glover & Flath 1508 H St. N.W. REAL ESTATE LOANS FRED T. NESBIT Main 192 Y \y 916 15th St. Main 9900 First Mortgage Applications Invited at Construction Loans at Minimum Rates er on easier Liverpool cables than ex- | nected, but immediately rallied on short covering, October trading up to 1974 and December to 19.98, or 19 23 points above the opening and to 13 points ahove vesterday's slose. A reaction followed when the weather map showed less rain than pected, October dropping to 19.35 and December to 19.56, or 39 to 42 points down from the ealy highs, | This brought on fresh buying and prices soon railied 17 to points hove the Iows. Trading continued actively at the end of the first hour. TRANSFER DELAYED, | | 1 NEW YORK, August 10 (#).—N. gotiations for the transfer of the Phil- | ippine government sugar centrals to | New York syndicate have been de- | layed by the death of Gen. Leonard | Wood. The deal, which is understood | to involve about $25,000,000, had the | support of the governor general and | virtual completion of the details had been expected during his visit to this country. At the offices of Hallgarten & Co., members of the syndicate, it wa. said that the negotiations will not be abandoned, and that the situation was unchanged. . LOANS—— RESIDENC BUSINESS PROPERT In Washington or Nearb; Maryland, Amounts at 5Y5% 0., INC. Loan Correspondent Provident Mutual Life Insurance Company APARTMENT HOUSES IES v in Large or Small WM. H. SAUNDERS 1433 K St. N.W. Main 1016-17 DIVIDEND IS REDUCED. 10S ANGELES, August 10 () California Petroleum Corporation re- duced its quarterly dividend from 50 | cents to 25 cents a share following a meeting of the board of directors. Earnings for the' second quarter | showed loss of $91,512.04, compared | with a net profit of $1,032,626.75 for the first three months of this year. Abundant I cellent servic able rooms or celled location. tor building. ht and air. NORWALK TIRE EARNINGS. NEW YORK, August 10 (#).—The Norwalk Tire and Rubber Co. reports | the second quarter’s net profit $33.323, against net loss of $46,953. | Net loss for the first half was $13,630. JERSEY ZINC PROFIT. NEW YORK, August 10 (#).—Net | profit of the New Jersey Zinc C | the second quarter was $1,975,514, | against $1.6 8 for the second quar- | ter of 1926, et profit for the first | half was $3.744.994, as compared with | $3.201,434 for the first half of last ar. suites. * Adjusted Rental 925 15th St. N.W. Main 2100 The New York Life Insurance Company Offers to Make First Mortgage 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 MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telepone Main 9700 at ||| turnover, and the series A honds sold | || at 1031, The final bond sale was in | ymac Tlectric Consolidated 5s at | 102 in a $1.000 transaction. | Peoples Drug was quoted ex-dividend | | today, and the bid price on the newly | | listed Medical Building | vestorday, was Washington stock, which was 125 120 today. None w BANK MERGER OPFOSED. The First National Bank of Pasa- dena, Calif.,, yesterday obtained from Chief Justice” McCoy of the District of Columbia Supreme Court a rule on Joseph W. MelIntosh, controller of the currency, to show cause Septem- why he should not be enjoined pproving a proposed merger of irst National Bank of Los An- geles and the Pacific-Southwest Trust & Savings Bank of Pasadena. The plaintiff tells the court that it | has been known for 40 years by its sorporate name and much of its husi ness results therefrom. The defend- ants intend to locate in Pasadena and use the name of the First National, the plaintiff informs the court. Attor- neys, . W. Clements and Lawrence t1. Cake appear for the plaintiff. POTATO MARKET STEADY. CHICAGO. August 10 (#).—Pota- toes—Receipts, 47 cars; on track, 190: total United States shipments, 605 trading rather slow, market Virginia, barrel, Irish cobblers, Kansas and Missouri, sack- . cobblers, 1.65a1.90; according to quality and condition; few fancy shade higher. PRICES ON PARIS BOURSE. PARIS, August 10 (P).—Prices were steady on the Bourse today. Three Der cent rentes, 57 francs 40 centimes; 24 franes 3% centimes; 5 per cent loan, 76 francs. 52 centimes. Yielding District Intangible Tax Refunded SECURED BY: In- dividually owned homes in the District of Columbi VALUES BY: Ap- praisal committee of recognized authorities on real estate values. TRUSTEE: District National of Washing- ton Trust for this bond issue. GUARANTEED: Fed- eral Security & Mort- gage Company, with capital and surplus of over $750,000.00. FEDERAL SECURITY & MORTGAGE CO. Resources Over $1,000,000.00 1412K Street Main 1960 | [ | Bood Deoty Federad focurits and | | N 141 ] K St. N.W. | et me withast’ obitzstion | | information concerning your Guar- | | | Address .. | { e e e e e e s e e s e e e o] If You Want a Mortgage —to finance the purchase of a home—to replace your present mortgage—to build new property —come to us for prompt action and real service in the matter of loans either large or small. 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