Evening Star Newspaper, August 16, 1927, Page 10

e PUBLIC UTILITIES wowwede FIN MARKET FEATURE Recovery in U. S. Steel and Motors Strengthens Gen- eral Industrial Group. BY GEORGE T. HUGHES. Special Disnatch to The Star. YORK, August 16.—The re continued on the \|r;nk Ex change as the market opened today. The filrmml ont industrials like United States Steel and General Motors were 1aken at or above where they left oft yesterday, and their strength Sentimental influence upon the indus trial group generally. Public utilities stood out prominent- 1y under leadership of North Ameri- can and Peoples Gas, the former re- sponding to the highly favorable re- port for the 12 months ending June 30. Among the rails the leaders were Union Pacific and Atchison. Western Maryland continued to improve, and at 471; was a half point higher. Pennsylvania was another in_this group that attracted attention at high. er prices. Other Specialties Move Upward. The special operation kept on in TRadio Corporation and Electric Boat Otner specialties that worked higher included General Railway Signal. Westinghouse Electric, International | Harvester and Montgomery Ward. Shares of companies doing business | with the farmer wers among the Jeaders. Sears-Roebuck went to a new high under the present share capitalization when it crossed 71'; At the same time a block of 3,800 shares opened at improved prices on the Chicago Exchange, indicating that much of the demand was for Western account. Montgomery Ward was an- other in this group, as was Interna- tional Harvester, Shorts in Baldwin Locomotive were again hard pressed and the price was carried to the highest in history when it crossed 235, Kxpress stocks stood | out strongly under leadership of | American Express at its best prices. Buying Shows Confidence. The stock market was very strons. In fact, the buying appeared more confident that at any time sice Presi- dent Coolidge announced his inten- tions as to renomination. It differed in one respect from other recent ses- sions of rising prices, and that was in the character of the stocks involved. The pool specialties, the collapse of which was responsible for last week’s violent reaction, were neglected. In- deed it was shares more nearly ap- proaching investment status that were the leaders. In this particular the proceedings were more reassuring. The motive, however, was the same, namely, speculation and not invest- ment. If there was any connection between the news and the market it did not appear on the surface. The strength in the motor stocks would seem to in- dicate prosperity sufficient for all. Call money again renewed at 3% per cent. The market turned more irregular as the afternoon went on, when early purchasers attempted to take profits. Before this had happened, however, a number of specialties had been ta en up and advanced in price. —_— PROBE IS EXTENDED. NEW YORK, August 16 (#).—The {nvestigation into the manipulation of Manhattan Electrical Supply common, which resulted in a 70-point drop in the price of the stock in two days and the suspension of A. L. Fuller & Co. from the New York Stock Exchange, has been extended to Chicago, Deputy Attorney General Keyes Winter, in charge of prevention of fraud, states. Washington -Stock Exchange SALES. Washi Gas 65 A—$100 at 1 TP aninEron Gan 08 B3100 at m: g0y 5l Traction Co.—3"at 104 Potom:c Elec. pfd. 5%3s—10 at 102%, 5 at 10235 ational Bank—10 at 500. 20 at lmz 15 at soflo"'w at 501, 10 at 501%. 10 3 at 421, . Bank—10 at 40 at 50. mwm:.m & Lothrop pfd.—5 at 100. . AFTER CALL. Georgetown Gas 5s—S500 at 102 Washington Gas 5e—$500 at 1023 P. Tel. 5 000 at 100 “\Wuhm‘l;mn Gas 63 A—$500 at 103. Money~—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY, FEFITS . B 3 a 232 S222323333 s Pot Potomac Con Potomac Elec. 63 10 h.. Al 5552555223 P PO 32522 e . 103% MISCELLANEOU Rarber & Ross. Ine.. Bemnut. Farmia Dairy 8% Chase ¢ I""li‘ » Soninern Bldx.- 615 joir; Wash' Market 5a 10 Wardman Park Hotel 5%¥ STOCKS. PUBLIC UTILITY. Wiehington Nortolk & Wash. se. com & e o NATION tional Capital. lumbia Commercial Wash. Rwy. Wash, Rwy. nd’ Navional’ Babk’ ot ¥ TRUST COMPANY Framt Loan &' SAV of Bethesd Vhion Wash. Rank Xiional * Trion:” TITLE 1) Colymbia Title . Real ‘Eatate, Titi Title Ivv. Co. of M1 Rarber & Ross. 1 Chevy Cha Commercial i A Monotype . . Merchants' Trans. & St V-Ythivl‘:ll T)nl!l ‘(("’ Nergenthater Linotsoe . " iz & inv e ANCIAL: had a | | Am Po& Lt (11) Calit Packg(4).. Low. Close | b Open. High. 1000 10201 Abitibl Pow (8). 101% 10z Abrahma&Straus Slly Sliy Abr&Stras7%pt 111% 111% Adams Exp (6). 165 Adv Rumley. ... 12 Adv Rumley pf.. 35 | Ahumada Lead. . 4y . ;AerOduanSl l‘u . 151 . | Ajax Rubber. .. | | Allted Chem (6) . ; 5 | Allis Chalm (6)., | Amal Leather, .. Amerada (2).... Am Agricul Ch: 3 v Am Agri Ch pt.. ) | Am Bk Not pf(3) Am Beet Sugar. . Am Beet Sug pf. Am Bosch...... 2 Am BrSh(j1.60) 4% Am Brown Bo pf 47 AmCan (2)..... by Am Car&Fdy(6) 102 AmChicle (3).. 6% Am Drug (8vc). 131 Am Encau (2.40) 42 Am Express (6). 1611 ibi 161'% 162% Am & For Pow.. :3's z3'y 3% 3% Am&Fo Po pf47) 100 100% 100 100 Am Hide & Lea. . 10 s Am Hide & L pt. [ Am Ho P (2.40).. mn Am Ice (n) - Am Ice pf (6). Am Internati(z) Am La Franc Am LaFra pf(7 Am Linseed,.... 37 Am Linseed pf.. 72 7 7 Am Locomot (8) 106'% 106% 106% 10 Am Machine 3 93 Am Metals (3).. 454 Am Piano (3)... 36 86 B9% 60% B¥ 60 Am Radiator(5). 131 131% 130 130% Am SafetyR(33) 4s% i | Am Seating(14). 47 4 Am Smeiting (8) 1 Y ies Am S & RpL(7). 12613 1270 12ois 1270 | Am Snuff pt (6). 100 100 160 100 Am Stl Fdys (3). 53'a 03% Am Sugar (5) i Am Sumatra. 59% b Am Tel & Tel(9) 169% 169 1595 Am Tobaceo (8). 1434 145% 143' 145 Am TobaccoB(8) 142 143!y 1421 14315 Am Tobac pf (6) 115% 115% 115% 115% Am Typ Fdrs(8) 132 132 132 1324 Am Type pf (7). 110% 110% 110% 110% AmW W (m80c) 49% 49 494 4% AmWW (c1.60) 101 101 100 101 | Am Woolen..... 2 Am Woolen pf. . Am Writ Pa ctfs Am Wr Pa pfcfs Am Zine pf..... Anaconda (3) 46l Archer-Dan (3).. 45 Arch-Dan pf(7). 108 Armourot [II(A) 9% Armourof Ill (B; 5% Armour Il p£(7) 53' Arnold Con&Co. Art Metl(133). A350 Dry G(2% AtT& S F(193%). 1931 19¢% 199 194% Atchison pf (5). 102% 1024 102% 102% AUCL (18%).. 195 197 194 194 AtUGUIL& WI.. B4% 36 3% 35 AtlGult&WIDf. 33t 33' 3313 331y Atl Refining (4). 128% 124% 121% 1220 Baldwin L (7).. 254% 253 254 57 Bald Loco pf (7) 120% 120% 120% 1: Balto& O (6)... 119 120% 1194 120%5 Bang & Ar (3).. 75 % 3% T4 Bangor & Arrte. 214 28 213 2y Bang & Ar pf(7) 110% 110% 110% 110% Barnet Leather. 3 83 bl BarnsdallA(2%) 24% 24 % 24% 24% Barnsdall B(2%, 24 24 2 Bayuk Cigars. 884 8343 Beacon Oll. 16 16 15 Beech-Nut (13). 54% b54% b5 Best & Co (3) 50 49% B0% ethlehem St 61% 61% 60% 61 loomingdale. 39 40% 29'% 334 Blumenthal pf.. 85 85 85 &5 Bon AmiCl A(4) 57% 57'/. 57'i 57‘:5 Booth Fisher| 7 7 Briggs Mfg (3). 27' 281 27‘i Bkin-Edison (8) 183!5 1847% 183 183 Blkn-Mn Tr (4). 064% 554 b4% 54% Bklyn UnGas(5) 149% 149'% 149% 149's Brown Shoe (2). 41% 41% 41% 41% Brunswick B(3) 324 52% 32 Burns Bro (10).. 93 93 93 Burros Add(14). 109 114% 109 114% Bulh Term (b3) 67% 567 57% 5T% Terde (7). 104 104 104 104 Bulh Trmpf (7) 117 117 117 117 Butte&Super(2). 8% 8% 8% 8% Butterick (g2).. 54% lfli gl‘i Blh Byer £Co0...... 77 Byer & Co p£(7). 110% llO'ri 110% 110‘/1 63% 63% 63% 63 22% 2% 22% 22T 1 1% 1 1% 0 70 70 70 Calu & Hecla(2) 16 16 15% 13% Canada Dry (3).. 57% b58% 57% 57% Can Pacific (10). 183 189% 188 188 CanPacificrts... 3% 4% 3% 44 Case Threshg(6) 265 255 254% 255 Cent Alloy (2).. 29 29 29 29 Cent Leath. 17% 18% 17% 18% Century Rib ll.. 11'a 11's 11% Cerro dePas(t5) 6t 64% Certain-Teed{4) 50% 504 Certo (12%). 7 8 Chand-Cleve A 5 3 Chandler pf(2%) 18'a 18% 19 Ches & Ohlo(10) |92'fi 1967% 19 95! Ches Corpn. % Chi & Alto Chi & Alton pf.. Chi{ & East 1il pt Chl Great West.. Chi Gt West pf. . Chl Ind&L pt (4) Chi M1 & StP., Chi MII&StP pf.. CM&StPef C M&StP pf cf Cht & Nwn (4). um'- 101 13% 13% a4k 47T 00 102 bole W18 101% by " 481 4».‘ 84 % 18% 45% 40ie 46 45 108 9% 5% 53, 631y 63y 3 188 4bl 40t 194 | 46% | 40'y 40 46% 45 108 yih bty 6313 34 "sh Calif Petm (1).. Callahan Zine... Calumet & Ar(6) Chi Rock Is (5). 110% 111% 110'% 111% Childs (32.40)... 60's 61% 60% 61 ChileCop (2%). 35% 36% 35% 36% Christie B (1.20) 59 59 59 59 Chrysler Corp(3) 54% b57% B54% 56% Chryslerpf A(8) 112 112 112 112 City Stores (B). 494 4915 49 49 Coca-Cola (5)... 117 119 1i17 118 90% 92% 90% 92 Col Fuel & Iron. 78 9% TT% T3% ColGas & Kl (5) 95% 95% 95'% 95% Col GEE pf A(%) 105 I'l5'§ 105 105% Com Cred pt 64 77 7 ComCrptB(2). 20 Com Solv B (%), Com Powr (215) Congoleum-Nair Consol Distribut Cong Clgar (4)., 65'a 5% 65y Con Cigars (7)., 8L 8l% 81 81 Consol Gas (5).. 112% 113'5 112% 1124 Cons Gaspf (5). 98'3 987 9xl; OR74 ConRRCubapt 6 67 “ 67 6Tw Consol Textil 5% B% bW “ 3 3 5 5 Eriny 2 187% 189 1s7A. 189% 1 10% 10% 10% Bdiy 5d's 9% 90% 4 353% 55% B B5Y 2% 25% 24% N % M 6513 5 89 Can (8. 73 Cont Insur CructhleSteel(8) Cuba Cane Suger Cuba Cane Su pf Cuba Compy (3) Cuban Am S (1) Cuyamel Fruit Davison Chem. Del & Hud (9). Del L & W (7). Detrolt Ed (8) 204 20515 203 16315 166 163 151% 151% 1511 134 134% 134 134% 20% 20% 19% 1914 % 2% s TN T O 7 Dunhill Int (4).. 50 50% 501 504 Dupent (+9%).. 285 287 2K4% 285 Du Pontdeb(6). 112 112% 112 112% Duquesne pf (7) 116% 116% 1165 116' Eastman (18)... 166 166 165 166 ton Axle (2).. 26 28% 28 Etsenlohr & Bro. 12% 13 12% 12% El AutoLt(16%) £9' 91 89% 90% Electrio Boat... 217% 21% 21% Eles Pow.rlll;t) 1;1‘2" ‘;“‘i l'r;v lé;fi 5 &Lt pL( % 'a PisoRetuierstn 17 170 16t 69% 71% 694 71 10 10% 10 704 205 165% 1511 £nd John Engineers Pub Epait BlAg(T). . 63 1 204 ho31% 68% 67 19 19 Fed Lt (h2.40).. 42 414 Fed L&T of (6). 98% 97 Fed Mot T(2h00) 20 30 19% - e Erie Stm 8(2%) Eureka Va f14% Exchange (1%). SR ARy | Gen Asphalt.... | Hrtn B b1V, | Havana Kl Ry | Kan C So pf (4). . | Nat Supply (4). « THT EVENING Fid Phoenix (4) | Foundation (5). Fox Film A (4). Gabriel Sn(3%). Gen Am Tnk (3) 51% 680 Gen Asph pf (5), 110"y Gen Clgars (4).. 67 Gen Eleo (16)... 124% ;.nx-,loc ap(6Uc) 11'4 39% 10815 . 124 GenOutdr A (4) o7 Gen Outdr Ad(2) 4% n Ry SIg (5).. 147 Gen Refrac (3).. Gimbel Bro: Glidden Co. Gltdden pr pe(7) Gold Dust...... Goodrich Ru (4) Goodyear Tire. . Goodyr pr pr(8). 111% Gothm 8 H (2%) Gotham new 23%. 694 Gotham H pf(7) 109's Granby (4).e.... 39% Grt North pf (5) 997a Gt Nor pfofs(5) 97% Grt NorO(1%). 19 Great WnSug(m) 37% Gt West S pf (7) 121 Green Canan. 60 Guantanamo. 8t Gulf Mo & Nor.. 70's GuM &N pf (6) 109 Gulf States (5). 50% Hacknsk W(14) stk 1091 3919 1004 1% 60 8a 70's 109'y 50t 109 Helme Geo (4).. HOe & Co A..... Hollander & Son Houshld P(3%). Houston Ofl.... 127 Howe Sound(4). 40 Hudson Mo(3%4) R8i% Hup Mot (1.40).. 18'a Ulinots Cen (7). 131's Indep Oil (1). Ingersoll-R(t4). Inland St (23%).. Inspiration..... InterboroRapTr. Internat Agri... Int Bus Ma (4 Int Cement (4). 35 63 | Int Com Eng (2) 4yn Int Harv (J6)... 188% Inter Har pf (7). 131 Int Mtch pf(3.20, 72 Int Mer Mar!n Int Mer Mar pt. Int Nickel (2)... 65% Intl Paper (240). 57% Int Paper pt (7). 102 Int Ry Cent Am. 85 Int Ry CA pf(5) 71 Intl Silver. 167 Int Tel & T HR) 141 Int Tel & Tel rts Intertye (t1%). Jones Bros Tea., Jordan Motor. .. Kan City South. 188% 131 % 6 O 39% 4% 31 25 17 6214 70 KayserJ (4) Kelly-Spring. Kelly Tire 6% pt 6! Kelly Tire 8% pt 67%% Kennecott C (5). 67% Keystone T & R. L Kinney pf (8)... 81 l\ aft Ch (113%). 56% g0 (1.20)... 64% mroon (3).... 30% Lambert Co (5).. 77% Les Tire & Rub.. 10% Lehigh Val(3%) 106 Lehn & Fink(3). 36% Lig&MyrsB(£4). 117% Lhn(l:Loco(l) Lorillard pf (7). llx'i Loutsiana Oll... 11% LaOilpf (6%3).. 90% LouisGasA(1.76) 27 Louls & Nash(7) 146% Mack Trucll ) 97 Man EIl Sup (5).. Man El m g (45) Man Shirt (1%). ® | Manila EI (234). Maracalbo Oil... Mathteson (4).. May Dept S (4).. MaytagCo(12%) Mexican Seab. .. Miami Cop (1).. MidContinent(3) » | Middle States. .. Mid StatesOflct 1% Midland p£(t12) 124 Miller Rub (2). "D'A Min St P & SSM. MStP&SSM 11(4) 62% Mo Kan & Tex.. 46 MoK & T pt (6). 105 Missour] Pacific. 534 Missour! Pac pf. 103'% Montana Pow(5) 103 Montgmry W(4). 0% Mother L (50e) 25 Motion Ple ( Motor Met(3.1 50) Mullins Body. Munsingwr (3) Murray Corpn ™. 2214 Nash Mot (14%) 777 Nat Bellas Hess 34% NatB Hess pf(7) 90 N 9 30% Nat Enamel & 8. t Enam pt (7) Nat Lead (5)... Nat Pw&Lt(80¢) 2774 9l 108% 215 ‘Nth Nat Surety (10). 233 N Y Alr Br (I).- 45% N Y Cent (8). lS’flt N Y Central rts. NY Chi&StL(11) 12'!§£ NYC&StL pt(6). lOB NY Dock..o.sus NY & Harl (5).. 169% NY NH & Hart.. 484 NYOnt& W (1). 35% Norfolk South.., 56 Norf & W (8) 187% NorAm b10% stk 4915 Nor Am Ed pf(7) 10115 North Pac (5)... % Nor Pac ofs(5) . Norwalk Tire pt. Ofl Well Sup. Omnibus.... Opnhm Col (4 Orpheum Cir Otis Elevator (6: 14 Otis Elev pf (6). 119 Otls Steel....... Otis St1 prior(7) Owens Bot(Ct5) Pacific Co Pac Coast Pacific Gas (2) Pac Tel & Tel (7 137 Packard (12.90). 36% Paige Motor, 11% Pan-Am (6). 544 Pan-Am B (6).. 55% Pan-Am West B A 3% 7 Paramt-F pt (8) 117's Park & Tliford.. 40 Park Utah(80c). 7 Pathe Ex A (4). 3@ Patino(1.212-3) 20 Peerless Motor.. 24 Penick&Ford(1) Penn C & Coke. . Pa DixfeCt(3.20) Penna RR (3%) Peoples Gas (8) Peoris & East. Pere Marq (18). lfl la 13l' l'l P"*p!‘m(l) " mllnlflv D. ¢, TUESDAY, "\ STAR. WASHINGTON. Pet-Mull 15t(7). Phila& RC& 1. Philip Morris. .. Phillips Pet (3). Phoenix Hoslery Thoenix pt (7)., Plerce-Arrow. -Ar pf(8). Plerce Ofl...... Plerce il pf.... Pierce Patrolm Pit Cin Chig&StL, Pitts Coal.., PittsTerm Coal. Pitts & W Va(6) Postum (5). Prod & Refiners *{ Pub Serv N. }l'ureon (+2). | Purity Bak pf I'Radto Corp ot A. Radio C pf (3%) Reading (15). .. Real Silk Hos(4) ' Reid lce Crm(3) Rem-Rand 31.60 Rem-Rd 18¢(7). Reynolds Spngs. Rey Tobac B (5) Robt Rels & C: Rossta Ins (6).. RoyalD(al.33%) Safety Cable (4) StJoseph L(13). St L&San F(18). St L Southwest. Savage Arms. .. Schulte (3%) Seabd Alr Lini Seab Alr L pt... | Sears-R (n214). Seneca Copper. . Shattuck F G (2) Shell Un (1.40). Shubert The (5) Simmons (2) . Simmons of (7). ‘Slm.‘lnerH. Sinelalr pf (8).. Skelly Ofl (2 Snider Packg Co Snider Pkg pf... SPortoR Sug(n) South Calif Ed.. South rles A. Sou Dairies B... South Pac (6).. 7| Southern Ry (7) Spicer Mfg..... StdG & B(3%). StdG & E pf(4). Std Mill (5).... Std Millg pf (6). | StdOlICal(t28%). Std OILNJ(t1%) Std Oil NY(1.60) Std Plate Glas: Sterling Pro(16) Stewart-War (8) Studebaker (5). Submarine Boat. Superior Ol Sweets of A Symington, Tenn Copper (1) Texas Corpn (3) Tex Gulf S H4¥. Tex & Paciflc. PC&O(60c). Tex Land Trstn Thatcher Mfg. .. Thatchr pf(3.60) The Fair (2.40). Third Avenue. .. Thompson (3.60) Tidew Aso (60s) Tide W Oll pf(5) Timken R(5% t) Tobac Prod (7). Tobac Prod A (7 Transcont Ofl... Underwood (4) Un Bag & Paper. Union Carb (6). Un Pacific (10). Un Pacific pf(4). Utd Cigar St w.L. Un Cig St pf(7). United Drug (9) UtdDrg 1st(314) Utd Frult(15%) USCIP&F(10) U S Dist cfs new U S Distr pf(7). U 8 Aleohol (5). U S Leat! wi, US Leather A.. USLeat pr pf(7). US Realty (4).. U S Rubber. ! U S Tobacco(3). Unl Pie 1st pf(8) Unv P&R($2%). Utl PELt A (e2) Vanadium (3) Vick Chem (4).. Victor Tlk Mch. Victor cv of (). Vietor pr pf (7). Va-Caro Chem. . Va-Car Ch 6% p1 Va-Car Ch pt (7) Vivadou (3).... Vivaudou of (' Vulcan Detin... Wabash.. Wabash pf A(B). Ward Baking B. Warner Pic A... WarF&Pipe Cer. Warren Bros(4). Weher (4) & ‘Weber & Hofl{’l) W Penn El pt(7) West P Po (6).. West P Po pf(7) West Maryland. West Md 24 pf.. West Pacific.... West Pac pt (6). West Unlon (8). WesthseAirB(7) Westinghse (4). Weston Electrie White Fagle (2) White Mot (4).. White Roek (2). White Sew M(4) Willys-Overland Worthn Pump. . Wright Aero (1) Yellow Truck. .. Yel Tr&Co nf(7) YungstnS&T(5) 1lam.. 1p.m, Dividend rates are the annual Unless otherwiss noted. * Unit of # Partly extra . 0 Partly stk London. ponnd. . Covenhagen. Oslo. crown. Stockholm, N eign exchanges NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. ¥ 100 19 1064 106t 108 143 uy X 137 [ 107 1 e 70 a1y 1" 8103 19 1n, 69°0 1 N 14 Studebak pf (7). 118 6'5 8h 48% 65% 89's 14's 3% 18 4“ 32 36% 53% 17% 88 129% 99% 114% 8 56 a7 137 188% 833 354 1054 172 59% 136 218 18% a1y T8% 17% 40 93 63% 8 100 2813 80% na% 6% 34 88 96% 127 3914 89 2714 99% 40 66 94% % 2: 2 9]"- 41 l(n 110% 107 114% 4T 49% 38 68 162'4 150 40% 38% 6% 00 2 p. Low Close i s TN 1igh, 42 1w A 99 4 136% 6 Bl 1 107 45 45 70 417 1o 15 RS I 21 | R 44 12y K 2o . | 9715 854 Hourly Sales on N. Y. Market. 550.100 12 noon, 1,344,800 sed on th latest_auarterly or b.u carty Guciarationt, . extrz or special divi: dends are not included. tradine lese ¢ ommon vavable u" Flua B 15 sfock. 8 Pat: o Pay n s 51 Plu In“stock k Pavable 1740 af & ehare S warterly 'm Pl Nomii old val, 1813 Y erown. ! firm: stock able in_ cash or « Plus 1/60 ' aharein goecial 1 Plus um B7% In_stock 'n'Plus 8 In proferred stock a Plus one-halt of common atock FOREIGN EXCHANGE. (Quotations furnished by W quotaticns Great Britain demmd 485 13 4 Denmark, 26. 281, Spain, 16.8415 l'nland Jugoslavia, 'okle, 11.20; Czechoslovakia, Austria, ”V, Argemml 42,683 47.371;; lo 25‘ uontnu, 99.90%. nd—Bel: 3 Hol- Sweden, “Switzerland, reece, 1.30%; a6 Ru: 14.01 TRANCONTROLCO. EXPANDS FIELD I Miller Gives Railway Group ! Linall foreis | ot | another Bra- Shanshal. Right to Sell Throughout World. BY EDWARD ( o Aier, Milley i wired T that undey General Railway tained fro wporition the sl exelusivel STON viee e ntoof the Contral vt v Vor to ma the Miller ll‘\|l4\ i countries Al tem of train co has not up to this time heen any mreat extent i other so that this new agreement opens up practically a world-wide ontlet for the sile of these device: H. B, Mi LI TE ates are greatly pleased over the signing of the contract. They claim that the system ix cspecially adaptable to the require ments of foreign railronds and that Railway Signal's experience and in fluence woad will r It in a con stantly increasing demand for Miller's outpnt il 1in Contro! held in Washington ot the company is at Booklet Covers 1 Inforn Qe widely The head offic value for individual edition of Washington ded in on the Washington Stock ixchange, together with the pride range for {he year ended June 30, 192 It describes in detail the v of stocks and bonds of the W public utility companies ends and intercst dates, callable - ws the stocks and | tabulation and undi Vided y-n»mx of every bank in the Di triet of Columbia, 7 the dividends b and the high those stoek months ions past for operating in Washington a honds of the varlous clubs, office build ings and miscellaneous companies, An explanation of the effect of the District intangible property tax on rious securities is given and it is stated that stocks of Washington corpor: tions heing exempt from this tax give the investor approximately 10 per cent greater net income than similar stocks of out-of-town corporati Local Bank Stocks Riggs National climbed two points to a new high of 502 today, while Union Trust stock gained a scoring a new 1927 peak at 281, ican Security & Trust ite high of Washington Mechan jcs' Savings Bank appeared on the board at 50. Amer The first sale recorded on the ex-|3%a change in Woodward & Lothrop pre- ferred stock since its listing many when Trac- and 104, per-cent preferred at 10/ v & Electric pre. ferred was strong at 92 Bonds were active, recent strong levels. New Rediscount Rate in Effect. tion tomac The Federal Reserve Bank at Rich- | mond today reduced the rediscount rate from 4 to 31, per cent, such ac tion having been approved late yes. terday by the Federal Reserve Board in session here. This move in the fifth district follows similar action t en a few days ago in Boston, New York, Cleveland, Atlanta, St. Louis, Kansas City and Dallas. For some time rediscounts in thi. district have heen showing losses in ymparison with previous weeks. The rate reduetion, it believed, will stimulate the business of the hank, which, ing week had total resources of $195,- 913,000, North American’s E: The report of the Co. for the 12 months ended_ shows net income of $17.50: taxes and deprec which ual after preferred dividends to earned on the | | outstanding common shares his compares with $15,026,077 or $3.40 a share on 3,8 common shares in the previous 12 months. Heard in Financial District. William M. Seay, assistant_cashier’ of the Kederal-American National Bank, and office manager of the Fed ral-American Co., is motoring to Vir h, where he will spend part ation. Villiam Roberts, manager of the S vings & Commercial Bk Dnohion Wouzleeriiiatoci: has returned from his vacation, passed at Blue Ridge Summit and at Cape ]'rtwulun' Vietor B. Deyber of the Second ional Bank is planning a three-week motor trip through New England. vice presi- |3 is back at his desk of most suee Point on the Po Thomas P. Hickman, vice president the Franklin fonal Bank, is banker making some h angling records while he is the guest of W. H. H. Allen Hillside, Me. -. Hickman is expected here tomor- 0! Charles J. Deinalt and Harry W. Gauss, connected with the trust de- partment of the Washington Loan & Trust Co., are on vacations. Mr, Deinelt is at Orkney Springs, while his banking associate is on a motor 1”Pn‘!l(‘lent Floyd E T)avl! of the Lincoln National Ban spending a v & Mechanies' National ank has returned from a short va- cation spent at Atlantic City. GERMAN BONDS AND STOCKS. I apecial Leased Wire to The Star. EW YORK, August 16.— (Quoted in dollars per million marke) fe 01418, 023 [ Bank . o Bank edter R Bank b A contract with a controlling inter- est in Richard Hellman, Inc., manu- facturers of sauces and relishes, has been obtained by Postum Co., whereby Postum will buy its entire business and assets. The preferred stock of the Hellman Co.mwill be reured as soon as practicable. Lo Device | i Fparation the | point, | agzain sold at | - [ smoke the | at the close of the last bank-| ful | Tr.r SR 16y 1997 = iy '.‘ VR @ - . |ONE-DAY TOBACCO SALES | NEAR A MILLION POUNDS | Three North Counties Get Average Price of $22 Per Hundrec Growers |n Culnlvnn‘ Augnst 16 abacen three the | =tate went 1927 connties of the e +million ponne | for an vage price of around §2° | per hundred. | While theve was a lot of upstalk | yaccn offered which brought hand- | there were thousands of or first leaves the | | hundred pounds. Despite threatening clonds showers the v the greatest ever pwn in this section of the State went to their ve marke and received in return profits which | ocea d no dissatisfaction, ac ; ing (o those visiting the the markets. and oc of | casiona ] owners tobaceo erop | resp HIGHER IN MARKET | Improvement in Conditions Noted by Local Dealers. | Poultry in Demand. | | e | Deaters this morning re condition of the egg m | week's advance still dealers are anticipating _additional |advances before the close of the week | A slightly weakened condition of the | butter market was reported, but pric .u‘ | remained about the same. A Steady improvement in the condi- | tion of was reported | thix morning ~ to the cool | | weather and of the | turn of who spent the Sutmer season at distant places, Pork 1 ‘ Pork loins, were high, ind 36 cents, rted a firm ns Higher. usually in good demand. | hest stock selling at Fresh hams were quot snts, while fresh shou 18 cents. Smoked hams 26 and smoked shoulders 18 | Only slight changes in the {of Jamb and veal were reported, the price of beef remained unc! Poultry, in fairly offer at pric price | whflp‘ anged. good demand. was s quoted the past few Today's Wholesale Prices. rIMIr pr-—Fresh 411%a42; store packed, . sh selected, A current recei alive—Turke fowls, 24a 4 medium, 16; ducks Spring chickens, | ; small, Spring | heavy, keats young, Meats, 60a70; fresh killod-— lamb: ; shoulder: ef, 18a20; | fresh hams i smoked shoul. | | ders, 18, | | Live stock—calves, chal ! I medium, thin, lambs, | ruits and Vegetables. market report of fruits and ables, compiled by the Mark t ce Bureau of Agricultu . Sales to jobbers !‘\c‘-lll where mhflr\\ e noted, Cantaloupes—Supplies liberal: de- -| mand moderate, market about steady. | North Carolina, Ridgeway section salmon tints, standards 36s and 45s and 27¢, wide range in ]lru‘fl : mostly soft, ripe, 1.00 * Y\nnhni 3.00: standards, wdard flats, Jumho i all Dews— arlot rrivals; supplies | | demand moderate, ma steady; California, standard crate dium 2.00a large large sizes, 1.50 5 | Lettuce—Supplies liberal; demand | moderate, market ahout steady; New | F type, | ali- 5-doz., all sizes, mostly ates, Iceburg type, | Supplies limited; | rket dull; Ma sacks Yellows, U demand “husetts, 100- | 1, 2.60a i light, m 1b. Jepand | ork, | Colo- 5.00a Supplies Timited: te, market stead: Ne °1 haskets, fair qual 45-Ib. crates, fair quality demand | California, irge size, gk : lan.(- few fancy arge to very bushel baskets large size, to poor q to ver high Reeves, I 4.00; Belles, as 4.0 {and Champions, | 2.25a2.75; £ very 3 New | medium to large moderate: de market about stead -ponnd sacks cobblers, | few low 2 | cloth- 'n]’\ ave mand moderate, New Jersey . cobblers, around 3.2 Melon Market Firm. Watermelons—Supplies light: de- mand moderate, market firm; no ca lot sales reported. Tomatoes—Supplies liberal; de mand moderate, market about steady homegrown, !;-bushel hampers Bon- nys, best, .40a.50, Supplies liberal; demand rket slizhtly weaker: hel baskets Rambos, best. Avious varieties, wide ranze ves, 1.00a2.00; few higher, } Supplies liberal: | ket slightly weak- | ates Black | s—Supplies demandiITIETE mR ket Carolina, cloth top ba mostly around 4.00; Geogria, cloth top hest stly 4.50; bushel reds, 1.50. | liberal: hampers | RAW SUGAR UNCHANGED. NEW YORK, August 16 (#).—The | v market was unchanged with sales of 35,000 bags | of Cuban for prompt shipment wnd | of Philippines in port to a Im 1 refiner at 4.4 futures were quiet and | r e T iquidation f the near positions caused a slight reaction, but otherwise the market held steady on covering and some huyving for trade and commission 1o’ account, which was probably promoted by favorable European ad- vices, Prices at midday were net unchanged to 1 point lower. In refined sugar the demand con- tinued of a small routine character MEAT PRIEESfiH[lWr“ | of workers in the Am | building {and communities are making prepara- !ings, No. 1, mostly i | pleted. | ment during {to be good. caused prices in Oregon and Washing- 1.5, ROAD BUILDING SOONINFULL SWING Operations Proposed in Fall | to Absorb Large Percentage | of Itinerant Labor. ROVLE. BY 1. €. —Producer and mate itions for the which is ap NEW YORK of road-building machin are rushing preia harvest is over it will e ind will absorh o leased itinerant . The operations will amount to about one ixth of the public hudget, rdin to a survey just completed. Payments | for 1 only by expen- nd protection of the public peac | In 1906 local governments supplicd | f the funds for roads. To- | ate governments upnh 1 cent, the Federal Govern- | ment 10 per cent and the local Rovern- I ments 53 per cent. The annual activ. | 1l for rehabilitation of old ng of new ones is one vs of several industries, | pt and other building | ty in the I oads and bu of the mains including cen materials, Benefits Cement Indust The cement fudis in 15ed tremendons| The demand for a time was i1 to the shortag> | fter the wa while the program showed no sizns of slackening, the extreme short aze of buildings and the pres- ent equipment in the cement indust should be able to handle 1 vl“n ands for a half dozen years to further increase in productive capao | ity. | In view of these facts, industry is extremely worried the inroads which somie of the foreizn ¢ Portland cement have n i s has heen especially noti in New land, where large quantities of cement are | stored awaiting tests for use in a pumber of larze public improvements. | Belgium as Competi i um has inereased ments of cement and other to the United State: e cent since | ile American exports to Bel- | fallen off 11 per cent. ln‘ it is Belgium which now \1flld~ role of ecreditor, according ',.\ American C‘onsul ral Messer- | smith, at Antwerp. He adds that if all the interest due on war debts and | post-war debts were added to the sum of Belgium's purchases in Amer- there still would be a ;u!«l..nnfll\ s xeess of supply owin s over, the cement over | her ship- products | g6 the i t cement 1\"'!\14( between The Relgian increased its output 70 per cent since the war, of about half is exported. Warkers in | |the industry receive the same wage| as hefore the w ican mllvlsh\ amounts ‘m abou! Total l' The Amer: 000,000 barrels barrels under n this it can be he Fall road means to this seen r industry. The building of high rlmn"s-d the trend of many other in- It has been responsible, in or the dev pment of the auto- mobile trade. It has altered the ma | keting of live stock and farm produc and the delivery of steel and other manufactured goods. The comin, Winter is expected to see more higl way traffic than ever before, and States has tions to keep the main roads open, feeling they cannot have them (‘lflfi!dl by snow or other ca s without suf-| fering serious financial loss. NEW YORK PRODUCE. NEW YORK, August 16 (Special).— uliflower from the Catskill moun- tain district sold at $3 per crate for the best and 2.00a3.50 for ordinary and poor. Bunched celer: per bunch of 12 rough realized 2 Big_Boston le occasionally $1.75. from $1 to $1.75, rarely higher. State peas, very finest, commanded $3 to $3.30 per bushel basket, and off- rade, $1.50 to §: Western peas in crates jobbed out $ Hudson Valley pears, hushel ha old at 2 peddled out 25 to 73 in the s favorite of No. 1 offer- 75, very rarely $3: No. s at 1.25a2.00. Approximately 49.000 bhoxes of California Bartlett pears sold at 3.0024.45 per box. Hudson Valley Duchess apples in baskets peddled out 1.00a2.00; bar- veled offerings at Cal fornia boxed Gravenstein sold 2.00a- 5.15 per box. NEW YORK GRAIN PRICES. NEW YORK. August 16 (#).—Rye, ! i No. 2 Western, 1.101¢, f.o.h. New export. Barle malting, 91% c.if. N, Lard, steady; Middle Wes: Wheat futures opened s tie, September, 1.451 Others unchanged. Oats nn"l(‘cled Commodity News DETROIT. August 16. “hevrolet production so far this year is well was broken 147th _unit was com. The Chevrolet plants are now working an a basis of 3,500 units a day. FORT \\(“’"I‘II AH;:lI'! 16.—Re- cent rains have henefited cotton in some parts of Te s, but insect dam- |age has been increased considerably. Cotton picking has been completed in the Southern sections with a smaller vield than expected. SAN FRAN August Work will begin immediately to t fer the California Wine Association at Wine Haven into an indust alcohol plant. The winery was the largest in the United States. About $400.000 | | worth of new equipment will be added. CHICAGO. August 16.—Packing- showed fair improve- he last week. Dressed lamb trade picked up somewhat, whils demand for smoked meats continued Fresh pork moved at steady to strong prices, but dressed heet was slowed up a little by high prices. YOUNGSTOWN, Ohlo, August 16.— The improvement anticipated in the independent steel industry in the Ma- honing Valley during the latter part | of August has as yet failed to ma- rialize and operations are around per cent of capacity. Thirty inde- pendent open hearths and 87 sheet wills are active this week in the v: PORTLAND, “Oreg., August 16.— The scramble for pears by canners has ton to advance. Bartletts are com- PINANCIAT. Mortgage Money Loaned at Low In!eren Rates Tyler & Rutherford Loan l‘mrnnumllinl :1,!:!!1-! Benetit Lite 1520 K Street Main 475 Ample Funds for Refinan Your \l'nurlnz irst Mortgaze T Prompt Answer. Cnrrent Interest Rate, THE COMM NATIONAL t.()‘vll’,\\\ Ineorporates PAID UP CAPITA d Commercial N 11th and G St £300.000 Bank Bldg N RESIDENC APARTMENT HOQUSES BUSINESS PROPERTIES Nearby &Emal In Washington or Maryland, in Large or Amounts at 9v5% WM. H. SAUNDERS Co., INC. 1433 K St. N.W. Main 1016-17 Loan Correspondent Provident Mutual Life Insurance Company OFFICE SPACE SAUL BUILDING 925 15th St. N.W. Abundant 1 air. Ex- cellent service. veral desir- able rooms or suites. Unex- celled location. Modern eleva- tor building. Adjusted Rental B. F. Saul Co. 925 15th St. N.W. Main 2100 FIRST DEED OF TRUST NOTES Let your money earn you a good income. Call Wm. S. Phillips & Co. Incorporated Main 4600 1516 K Street N.W., JUST ISSUED 1927 Edition Facts and Figures on Washington Securities Giving in condensed form valuable information re- garding capital structure, dividends, price range, taxable status, officers, ete,, of local companies. Furnished Fres Upon Request. Y. E. BOOKER & COMPANY Investment Bankers 1508 H Street We Specialize in Securities of Washington Corporations. Member Washington Stock Exchange. Direct Wire to New ¥ manding $60 to $70 a ton. There has been stagnation in the Oregon-Wash- ington prune markets since the Cali- at former prices, which ranged from fornia grqwers and packers failed to 5,70 to 5,80 for fine granulated. Sot togetiier. 3 et Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co.§ 14th and H Streets WADE H. COOPER. President Capital $1,000,000.00