Evening Star Newspaper, August 18, 1927, Page 15

INANCIAL.S CALL MONEY RATE AID T0 BOND SALES Privilege of Renewals at 3 1-2 Per Cent Figures in Trading. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YODK, August renewal rate of 31 per call mopey today and the e: In time rates kept the bond market on an even keel and strengthened the position of the United States Treasury :vm\ respect to its September financ- Ing. Quite a number of high grade in- vestment issues and others of a more speculative character moved upward Into new high ground. The improve- ment in legal class under renewed buy- ing by banks and insurance companies has stimulated the market for ta exempt iss and relleved the em-| barrassing c estion existing in it ever since the last New York City sale. Effect on Gilt-edged Bonds. | As an illustration of the effect of the declining money rates on prices of gilt-edged bonds, United States Steel | sinking fund 5s sold today at the new | high price of 109%, at which they vield 4.45 per cent. The bonds now are at approximately the figure at| which a certain number are drawn | ®ach year, so there is no further ad- vantage in buying these bonds for the substantial premium that was possible earlier to obtain over the purchase price. The United States Steel Corpo- ration has now taken up $42,500,000 of the 5s, which remain alive in its treas- ury and draw interest. The United States Government list was firm, with the new 3% per cent bonds at about 101. Practically all the new 413s and 4%s railroad bonds were at a premium over their original price. In the industrial department con- vertible bonds took the lead. J. Kay- ser 5l4s advanced to a new high record, 1% points over Wednesday's elosing. and about 6 points above the subscription figures. International Paper 6s gained %, and Chile Copper bs a substantial fraction. United States Rubber 5s were in good de- mand at 94, Dodge 6s held their recent gain, the packing house issues were steady, as were the new adn oils. Most of the independent iron and steel company bonds showed improve- ment. Railroad List Features. In the railroad list Eries, New Ha- vens, Friscos, St. Paul, Seaboard Air Line, and the new Western Maryland b§s were outstanding. Not a great deal of change took place in the foreign issues.. There ‘were slight declines during the day in the French and Belgian bonds as a re- sult of profit taking following their 1 ', steady rise, and some irregulari- ty in Argentine, Bolivian, Chilean, Neorwegian and Italian descriptions. Since the maturity of the Industrial Bank of Japan 6s, on August 15, there has been a good demand for the Tokyo Electric s, due August 1, 1928. As a one-year maturity, this bond around 993 yvields better than 6% per cent. Present indications point to a total of not over $125,000,000 in new issues in the first three weeks of August. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks old value, . today. 0848005 $4.95% 18.—The cent for ague. crown. arsaw. zloty. . Copenhagen. crow crown. ... R Btockholm. crown. .. . . NEW YORK, August 18 (A).—For- eign exchanges steady. Quotations (in cents): Great Britain, demand, 485%; cables, 486%: 60-day bills on banks, 481 1116. France, demand, 3.91 cables, 3.92 1-16. Italy, demand 5.44%; cables. 5.45%. Demand: Bel- gium, 13.91; Germany, 23.78; Holland, 40.04%,; Norway, 25.95; Sweden, 26.82%; Denmark, 26.77%: Switzer- land, 19.27%; Spain, 16.91; Greece 1.30%: Poland, 11.20; Czechoslovakia, | 2.96%; Jugoslavia, 1.76; Austria, 14.081; Rumania, .61 Argentina, 42.62%; Brazil, 11.81; Tokio, 47.37%; Shanghai, 60.50; Montreal, 99.93%. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co Am. Tel. & Tel. Co. 4r 1 Américan Thresd Co. 63 naconda, Cop atea O 920, 1628 Ruy. Co. 78’1 Gen'l Petroleum C. Goodyear T. & R. bs Co. Hlss » 19 ear T. orshey Choc umble Oil 5% ase. G 5 ow 0il Co. 6 Oil P. Bou. Pac. B, U’ 8. Smelting Wheeling Steel TREASURY CERTIFICATES. (Reported by J. & W. Seligna1 & Co.) oy Commodity News BOSTON, August 18.—It is under- stood here that the American Wool- | en Co. contemplates the sale of the| oag, R. I, mill known as the | Swiss 5351946, Swiss Confed 8 ‘Toklo 6s. Utd Kingm 6% Utd Kingm 5%s 37 Utd Steam Corp 6s. Yokohama 6S...... 16 94% 94% Yd% Am Agri Chem T%: Am Repub deb 6s.. AmSmit& R 1st6s 5 103% 103 Am T & T deb 5 Am Water Wki Am Writing Associated Oil Bell Tel Pa6sC.... {Pac T&T6852... | Peoples Gas 5: Received by Private Wirs UNITED STATES. (Sales are tn $1900.) Sales. Higk. Low Lib3%s... 4 71018 1011 Ciblst4%a 31037 1037 | Lib2a¢ks. 741005 1009 | Lib3asis. 22 1013 1ol2 ; Libeth 4is 29 1042 104 ! US3% 43-47 7 10031 10031 US3%s... 285 1063 1061 FOREIGN. Sales. Hizh. Low. Close. 1 91y 9% 91l 100 100 99% 994 100% 100% 99 99% 98 98% 102% 1027 4% 94% £9% 99% 103 103 106% 106% 105 105 109% 109% 103% 1034 100ta 100t 921 92% 96% 106 Argentin Argentine 6s Oct59 Argentine 6s A. Argentine 8s B, Australian bs. . Austria 7s. . Bank of Chile 8% Bolivia 8s. 3ordeaux 68 Brazil 63s... Brazil 7s Brazi] 8s. 8% Canada 6s 1931, 1017 Canada 63 1952. 9 105 Canada 5%= 1929, Chile 7s 1943 Chile 83 1941. Chile 83 1946 Con Pow Jap: Copenhagen 6% Czecho 7%s rets. Czecho 8s 1951. Czecho 8s 52 Danish Munic 88 A Danish Munic 8s B. 9 1064 L. ity 105% 105% 101% 1017 101 101 10 98t 101 105% 105% 108 108 107% 107% 1% 1% 111% 111% 1047 10°% 103 103 104% 104% 104% 104% 969 96% 100% 100% 105 105 105% 105% 118% 111% 1114 1114 1074 107% 101% 101 96% 9% 100% 100% 1024 102% 95% 954 % 905 S0% 90% 100% 100% 103 1034 100% 100% 1004 100's 4 Dutch East 1 6 47. Dutch East | 6s 63 Framerican 7% French 7 Fronch 7% French 8s. German 7s.. . German Agr Bnk 7 Greek 7s. Halti 6s. Japanese Japanese 6% . Jergens U M 6s 47, Lyon Marse! . Mexico 4s 04 Norway 6s 1943, Norway 6s 1952. Paris-Ly-Med Paris-Ly-Med 95% 95% 101'% 102 101% 1013% 10115 101t 105% 105% -82W 834 $T% 9TH 105 105 104% 104% 105% 105% 112% 112% 116% 116% 105 105 104% 104% 106% 105% 90°% 91 113% 113% 106 106 106% 106% 102% 102% 103% 103% 100% 100% % 104% 104% 104 104% 104% 104w 113% 1% % 1% 117% 117% 104% 104% 94 94 Poland 6s 40.. Poland 8a Porto Alegre Prague 7% Queensland 6 Queensland 7s.. Rhinelbe Un 7s.... Rio de Jan 8s 1946. RiodeJan 23 47... y Paulo 8s 1936, Serbs Crot Slo 8s., Sweden 5% Sweden 6S.....000 9 3 117% 185 105 1 94 MISCELLANEOUS. 4 102% 102% 102% 1 90% 99l Y9 103 THE EVENING STAR, WASHINGTON, D. €. THURSDAY. NEW YORK CURB MARKET , Received by Private Wire Direct to The Star Office (e e BONDS o] Disect to The Star Offica Sales. High. 2 I 13 104 107% 103w Close. 104 104% 107% 103% 112 Low. 04 Bklyn Manhat Buff R & Pltt ¢ Canada South §s Can Nat 4%830. .4 Can Nat 435 54. Canad Pac deb 4 Can Paoc 48 46. Cent Pac 1st 63 90. Car Clinch&O 6s 53 ChesaCorp 58 wi Ches & O cv 4348, CB&Q4%s71B.. CB&Q-TI3Ys.... Chl & K I11 gn 68 51 Chi Gt West 4569, CM&StP4s25... C M &St Pgn 89 CM&StPcviks CM&SPcv4lss32cts CM&StPri4ls. CM&SP rf 4%act CM&StPev b CM&StP6s. Chi & NW gen 4s Chi NW 41%s 2037.. Chi & NW 7s. ChiR1&Prf Chi T H {no és 6 Chi Un Sta 4%s. Chi Unlon Sta 6% s. C&W15%s862... CCC&StLrf6sA. Clev Term 6a. . C&Si1stds29. Cuba R R bs. Cuba Nor 513sct Del & Hud 1st rf 48 Del & Hud cv 6s 35 Del & Hud 7s 30. Den & Rio G cn Den&R1i0G 4145 36. D Rio G West bs. .. DesM & Ft D 4s. Det United 4%s. Erle 1st cons 48 Erfe gen 4s. Erleconv 4s A. Erfeconv 4s B. Frieconv 4s D. Erfecvt 68 67 wi o EP TIPS Hocking Val 4%s.. Hud & Man ref5s.. 11 i Hud & Man aj §s.. 373 111 Cent 4%s 66.... 23 T C-CStLjt4%s, 20 111-C-C StL&NO 6s. 1 Int Rapid Tran 6s. 77 Int Rap Tr 6s stpd.21 Int Rap Tran 6 Int Rap Tran 7 Int & G Nor 1st 6s. Int & G Nor ad 6s.. Int RysCA 68 73.. Int RysC Am 6s 41 Int Ry C A 61srct Kan City Ft S 4s... Kansas City 8 6s. Kan City Term Lake Shore 4s 38 Lake Shore 43 31 Lehigh Valen 4s Long Isrf 45 49. Loujs&Nash uni 48 L &N 4%s 2003. Louls & Nash 5% Louls & Nash 7 Man Ry 1st 90. Man Ry 2d 4s 20 Market St 78 40.... Mich Cen deb 45 29. MIIEIRy & L 568 61 M&StLlistrf 4s. MStP&SSM5s38gtd MStP&SSMb6%s M St P& SSM 6%s 4 3 B wHr AN D BB ow » S 7 104% 104% 104% 22 99% 992 99% 4 104% 104% 104% 8 104% 104 104 8 108'% 108% 108i% 2 100% 100% 100% 17 92% 92% 924 20 104% 104% 104% 5 10812 108's 108l 11 106% 106% 106% 46 9uls 90% 90% 10 90% 90% 90% 3 102% 102% 102% 4101 101 101 39 100% 100 100% 21 105% 105 105% 17 106% 106% 106% 3 100% 100% 100% 2102 101% 101% 17 102 101% 101% 25 104 103% 104 1 105% 105% 105% 89 224 222% 223 7 81 81 8L 3 103% 103% 103% 21 98% 98% 98% 1 108% 108% 108% ¥ Anaconda 1st Anaconda cv db 7s. AndesCop deb 78 43 Armour&Co 4%8 39 Armour Del 638, Atlantio Refin 6s.. Barnsdall 6s 1940, Bell Tel Pa 68 B... Beth Steel pm b h Steel rt 68. .. Beth Steel 5348 53. Beth Steel 63 Bklyn Ed gen 58 Bklyn Unton 6% Con Coal Md 18t Consumers Pow 58 Cuba Canecv £a Cuban Am Sug 8s.. Denver Gas bs. 99% 9913 99% Dodge 6s.... . 34 BN 88 88W Bast Cuba Sug 7%e 7 105% 105% 105% Empire G & F 7%8.134 110% 110 110% Goodrich 6% 2 107% 107 107 Goodyear 8s 1 20 120% 120% 120% Hershey 5% 2 1025 102 102% Hoe & Co 8345..... 4 10215 102% 102l Humble O & R b8 4 102% 102% 102% 1llinots Steel 4%8. 3 99% 99 99% Indiana Steel 5s... 16 104} 104% 104 Int Mer Marine 6s. 34 100% 100% 100% Int Paper bs 47. 3100 99% 9S% Inter Paper cv 6 7 104% 104 104% Inter Paper fd 6s.. 12 103% 102% 103 Int Tel&Teleg 4158 115 94% 9dla 94% IntT&T6%s..... 27 112 111 111% KanCP&LESA62. 2105 105 105 Kan G & Bl 6852.. 12 106% 106 106% Kelly-Spring 8s 2108 108 108 1101 101 101 5 104% 104% 104% 9 1024 1024 102% Liggett & Myers bs LoulsvG & EG68b2 4 103 102% 103 Midvale Steel 68... 3 99 9% 99% Montana Pow 5 3 103'% 103 ,108% New Eng Tel bs... 11 105 105 7105 N Y Edison 6s 44.. 6 105 104% 105 NYGELH&P4s. 1 944 91% 94% NY Tel4¥s. 2 99% Y9% 9% N Y Tel6s 41. « 2109 108% 109 Nor Ohio T & L 68, 1 9%% 98% 98% Nor States Pow b 1102 102 102 Pac Gas & El §s 11 103% 103 103% 5 1031 103% 103% 85 103w 10: 1 1027 102% 19 102% 102% 101% 101% 97% 97 24 106% 106% 9 105% 105% 9 Yl's 96 Pan-Amer Pete 6s. Phila Co 5%s 38 Phila& RAC& 168 Plerce-Arrow 8 Public Service 6 P BervGas 5%859. Remington Arms 6t 10615 105% T ‘Anchor Mill, a 100-loom worsted fac- tory, which has been idie for some| time. The buyer is not named NEW ORLEANS, August Sales of wholesale dry goods for Fall | have been heavy OWing to the pres- | ence here of a buyers convention The rise in cotton prics has stimu Jated business in all lines of dry | goods, merchants anticipating a rise | in govds prices. ATLANTA, August tobacco at 43 Geors : st two weeks have 3 pounds, which brought average pree of cents & pound The Georga crop s estmated at 60,000, 000 pounds and is expected to ne growers $15,000,000. YOUNGSTOWN, Oho, August 18 —Steel fabricators seem to be hold- ng a commanding position in. the stesl industry, with no slackenng of the volume of orders. ‘Truscon| Steel, Youngstown Boler & Tank| and General Fireproofing are at| capaclty. FORT WORTH, August 18.—Pea- | nut acreage in southern Oklahoma in 100 per cent larger this year than | jast and yields will be 50 to 50| bushels per acre. Prices last ri ranged from § to $1.50 a bushel, but it is expected this year's prices will he eansiderably less. 18.— | Toledo Edn 1st 78 | C 8 Steel sf b 100% 96% 100 100% 93 109% 103% 100 107 108% 107% 91 105 109% 100% 91% 106% 10314 112 103% 131 102 101% 106 104% 38 100% 100% 45 Y6 3 100% 100 26 100% 100% 59 93 92k 1 109% 109% 15 103% 1034 1100 100 17 107 107 3 108% 108 Inited Drug 63 3 107% 107% U S Rub st rf6s.. 145 94% 93% U S Rub 7%s.. 36 105 104% 5 109% 109% Utah Pow & Lt 6s.. 5 100% 100 Warner 8ng7839,. 1 9% 91% Warner Su~ 78 41.. 1 L06% 106% West Elec os. . 5 103% 103% Westn Union 6% 5112 111% Westinghousa 5s.. 9 103% 103 White Sew Mch 6s. 2 131 131 Willys-Ov 658 33. 28 102% 102 Wilson & Co 1st 6s. 8 101% 101 Winchester A 7%8. 7 106% 106 Youngstn S&T fs.. 37 104% 104% RAILROAD. Atchison adj 4s.... 89% Atchison gen 97 atlantic C L 1st Atlanuc C L cl Atlan C L 48 64.. Atl & Dan 1st 48 47 Atl & Dan 2d 43 48. B & 0Gold ¢s. 1 BEOCVI%S Stnelair Of1 8s.... Stnclair O1l $% Sinclair Uil 18 Sin Crude Ofl 8s... Stin Pipe Line &s. .. So Por Rico Sug 78 tandard Ol N J 68 Sug East Orlent 7 Tenn Elec Pow 6 89% 964 56% 9214 9% Bl 0% 89% 6l 96 92y 99% 95" V5% 100 100 O T&M 68 C 1956. N Y Cent 4s 98. N Y Cent deb 4 o NYCrfim4%si13 N Y Centr 1 6 N Y Cent deb 6s.... NYChi&StL 6%sA. NYC&StLésA New Hav New Ha b 4 New Havencd N Y Rys 6s 65, N Y State Ry 4% NYW&Bos 4%s. Nor & S gen 58 54., Nor Pac 3s 2047 P CRetR ey SmSBemarie ats 7S Northern Pac 68 Northern Paer1 Ore Short Lirfs Ore Short Licn bs.. Ore Wash 1st 4i Pennsyl gen 4%s.. Pennsyl 53 64. 116% 9% 108% 90% 4 102% 104% Pere Marq 1st PCC&StL5s Rio G Weat cl ¢n. RIArk& L 4%s St L IM&S 43 29... StL 1 M&S gn 68 31 St L IM&S R&G 48 StL&SFpl4sA. St L&SF prinbs. StL&SF6%sD.. 964+ 96% 99 99 100% 100% “ %, 94% Seaboard AL 4s... 1 Seaboard A L 45 sts101 Seab A L ref 4s. 5 Seab A L adj 6 Seab A L con SBAII Fla 6s: SB All Fla 68 36B. . Sou Pac 48 29. 1 Sou Pacific elt Sou Pacific ref ¢s.. SouPac 4%8A 77 Sou Ry gen 4s..... Sou Ry Con 68 94.. Sou Ry 63 6 Southern R: Term AssoS Li¢s.. TexArk 'S 5148 60. ‘Texas & Pacific 1st Tex & Pac 68 77 rts Third Av ref 4s 60. Third Ave ad) bs. . Tol Tr L&P 6%s 30 Unton Pac 1st 4s.. Unlon Pac 1st rf 48 Un Pac 4%8 67.... Virginia Ry 1st §s. Wabash 6s 76 B. Wabash 5%8 76... West Maryland West Md 538 77 Western Pacific - e E - Y 101% 100% 100 100 SUGAR MARKET STEADY. NEW YORK, August 18 (#).—The raw sugar market was steady and un- changed early today. The only sale reported was 7,000 bags of Philippines, due the end of this month, to a local refiner at 4.46, delivered, but there was further buying at this level, with most holders asking fractionally higher prices. ‘hanges in raw sugar futures were narrow, but the undertone was steady, with the market at midday net un- changed to 1 point higher. Steadiness was due to covering, which was be- lieved to be the taking in of hedges against sales in the spot market, but trading on the whole was of small pro- portions. Reflned sugar was unchanged at 5.70 to 5.80 for fine granulated, with business light and of a hand-to-mouth character. ' , occurs in Xenon, a vary rare g extent of the atmosphere to th. AL00009 ger cent. TREND IS UPWARD IN'STOCKS ON CURB Industrial Favorites, How- ever, Neglected—Rayon Corporation at New High. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, August 18.-—After a briet interval, in which the market hesitated in its upward movement, operations for the rise made further headway in certain directions on the Curb Exchange today. The recently prominent industrial favorites, how- ever, were neglected for others that had not been bid up so sharply. Industrial Rayon Corporation shares were brought to the front and bid up to new high prices. The demand was accompanied by the announcement that the corporation is planning con- struction of a new plant, which is to double the company's output. Tubize Artificlal Silk was taken at 225, but Celanez new felt the effect of profit- taking. Another incident which it was contended would work out profitably for the Rayon manufacturers was the rise in cotton prices following the un- expected’ disclosures in the Goyern- ment crop estimate. The favorable report of the Cities Service Co. for the 12 months ended July 31 was followed by a better de- mand for the common stock above 48, but improvement was limited. The ofl shares did better despite the be- lief that another cut in crude ofl price schedules was impending and likely to be announced next week. Pipe line issues were favorites, possi- bly because of the belief that in view of the huge output from the major fields this class of company was in better position to disclose larger earn- ings than the producers and refiners. Tllinois Pipe, Buckeye and Prairie Pipe were favorites. Such issues as Johns-Manville, Cu- neo Press and Gobel common were held in check by profit taking, but no weakness was apparent. The new F. N. Burt Co. common stock of $25 par value was admitted to trading and ran up from 6114 to above 62. American Heating 6s, which were un- der pressure on the preceding day were in demand above 10313, Servel Cor- poration 6s and Electrle Refrigera- tion 6s felt the effect of further sell- ing pressure. . RAW SILK PRICES. NEW YORK, August 18 ().—Raw silk—Steadier prices per pound. Jap- anese — Extras, 4.95a5.05; Japanese crack double extra, 5.30; Jap- anese grand double extra, 5.7525.85; Japanese double extra, 5.0525.15. Ital- jan—Extra_classical, 6.15. _Shanghai —Steams three dancers, 5.45. Canton —Double extra A, 14-16S, 395. New Bond Issues NEW YORK, August 18 (special).— A new issue of $2,500,000 Southern Kansas Gas Co. first mortgage 6% per cent sinking fund gold bonds, series of 1937, with stock purchase 'privilege maturing August 1, 1937, is being of- fered today by G. L. Ohstrom & Co., at 9814 to yield over 6.70 per cent. ‘Wells-Dickey Co. (Minneapolis), Mer- chants Trust Co. (St. Paul), and Shields & Co. of New York offer today $2,700,- 000 Dispatch-Pioneer Press Co. 6 per eent 15-year sinking fund gold deben- tures. The company publishes the St. Paul Pioneer Press and the St. Paul Dispatch. Offering is announced of an issue of $500,000 City of Asheville, N. C.. 4% per cent notes, due May 10, 1929, by Eyer & Co. It is understood the State of Ala- bama will market an issue of $5,000,000 highway bonds in September, bearing a 4% per cent coupon. The issue of $1,300,000 City of Fort ‘Worth, Tex., bonds was awarded to W. A. Harriman & Co. and assoclates a par and interest. Washington Stock Exchange SALES. Washington Gas 68 A— Capital %rlclmn Co.—] 104. 4 at 104. AFTER CALL. lectric pfd. 5 10 101%. S e 1.000 at 103%. 0 at 104, 5 at Potomac El 10 at 101%. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid, Amer. TV & Telga. 4 4 mer. L & Felpa, 48 29 Aslced. Capital R City uburban Geor-atown Gas 1st Potomac Elec 8! Potomac Ele Potomac_ Elec. 08 A Wash,, Alex & Mt.. flex. & MUVt alt. Annap. bs. b8.. . Wash. U8, seri Wash., Rwy. & Elec. 4 i Wash. Rwy. & Elec. gen. 6a. MISCELLANEOUS. Barber & Ro Chestaut d Souther B4 Wash.Market, 55 10 Wardman Park Hotel 8%8." STOCKS. PUBLIC UTILITY. American Tel. & Telga Capital Traction Washington_ Gas. i Norfolk. & Wash. $igamboat. Potomac Elec. 534, Potomac Biec, s Ry "l com. ! Wash. Rwy. & Eiec. pfd... NATIONAL BANI Natlonal Capital Columbia JST COMPAN American Se.urity & Trust.. 43 Continental Trust... .. Merchants’ Bank. National Savings infon Trust .. ‘Washington Loan & Trust. . SAVINGS BANK. Bank of Bethesda & Savil ates. . . n Mechanics Washingtor : FIRE INSURANCE. American (gorcflnn iremen ational Union TITLE INSURANCE. Columbia Title, eal Estate Ti itle Inv. Co. 52 NMISCELLANEOUS. Mergenthaler Lino e &ty Bia. soples Drig Stores pid. .. ety Storage L+ A ol e Following is the list of bonds and stocks traded in on the New York Curb Market today: Sales in INDUSTRIALS. hungreds. 1 Aeolian Co 78 pf. 0! Aero Sup Mg A Sup Mfg B 880 g ancitaly ~Corp arnsdall deb ris il Corp p B o Mfg.. Celan Cor ? Celluloid 7 Nip A. 126 Nin W Tl 6l P& L g8 Dt 0010 Grant Co . > Grand Stores % Habir El n v 1 Hapniness C St 1 Intern _Util 72 Johna-Manv %5 Leh Val C Sales.. Magnin & Co. 1, Mass Light 68 % Mavis Co avie B 1 McCall Corp n Mead Johs 1 Miller Rub fd. . 4 Mohawk Hu Pow 4 Mohawk "Val n 2 Municipal_Serv 3 Murphy G e Food Prod. "3 p 0 L 3 s pid 108 A 21t h Am orth ‘0" Pow '€ A G &E 1 Penn Ohi 4 Penn O Ed 68 pfd 8¢ Q E p ptd 103 war. 17 2 Pillsb F1 n. 3015 1 Pillsb FI M n ptd 10115 ¥ Brov Gan...... 1081 ) L3 %s Beal Asan orv_ El 3 4 Sherwin Wms "Co 10 Sieberling R C.. 2 Snia Viscosa ... B ptd Pw A 1 1107° 1 &L ppfd Ry E Dbl 108 Tampa El n 2 Timken “Axle Tub Art 8 B Ve 2 Tung Sol Lamp A U nI G Imp C... A 4 A g 2B BI04 Sal MININ O g P et e 10A Co M & 9B 3 Ce °3 18 Nowmont” Mining Newmont Mining % N J'&lfll‘ Riplesing 11 Noranda 4 North Butte 23 Ohio Cop.. 10 Parmac 9 Tech Hughet Y 2 Tono_ Min 2 T 0 verde Ext” 24 1 Utah Apex..... B 2 Wright" Harsr o Sales INDEPENDENT OIL STOCKS. in hundreds. 201 Am Con Oilfids. . .67 ' Am Saracaino ¢ i 2 Cit Serv n z it Serv n pid B Creole Synd. Crown 2 M A L T R FSSRE RN eziots a1y PSSR, S SRR #3— Mo pecseen o O B waaSnn R RS e ] T ey ™ PRty iz S ) ‘19 o BaZnZ S cox O & G :azz STANDARD OIL ISSUES. 112 Venezuelan 1 Wil 328 P2 2 ¥ 858 3 2 BONDS. NIl 108% lflg% i =2 >;§' 4 4 > 0w B 'AUGUST 18, 1927. 11 Am Rad 4% 90 Am Seat AR e Avpal EI P 130 Bos Con 8. b5 Can Nat Ry 7s. . & S P o usP 5s'A n'wi G Bs B100% e, 1010 1 Gair. 5 Gatineau Pow 13 Ga 4G 3 RGT&R € 51 7 5 Gnd Tronk - 51 %Gt 0'Pa bs 147 100 16.GNIE O B3 BE 4710014 uit St Ut bn A 05 Hood Rub 5%s. 031 Ind Ol & Gas 63 0814 Tnd P a'Law A 077 Int Sec Amer 58 Interst Pow ba. S Interst Pow 6x. S invest Equity SKTO P blen BLib McN & L 781 2 Lig Win re est 78 10° Star Gas b3 04K Lorilla nito P ase Gas Blas.. 12 Mont Pow 5e A iMont WPC 58 A 09 IMLH&P Pen O Ed BsAww 100 328 102 53 101 % . 1023 (s Pitts Se & B 51an 10015 { Porto Ric Toh 64 0817 SRR RER ST S R o = FOREIGN BONDS. in thousands. Baden 7a . 08 Burm & Wain Copenhagen bs Pi Wi A 68 s, A A 4 'B1 1 Montevideo 68 A 5 Mo Bl Boxota 78 Chile 68 Serbs 2 » Stin Huzo 78 '3G 08 16951 s, PRICES IRREGULAR IN COTTON MARKET Frequent Reverses Seen in Quota- tions—December Selling Around 20.05 in Midafternoon. By the Aseociated Press, NEW YORK, August 18.—The cot- ton market showed continued nervous- ness and irregularity today. After ad- vancing to 20.28 at the opening on a private crop indication of 13,215,000 { bales, December eased off to 20.04 on another private report pointing to a yield of 14,435,000 bales, and subse- quent rallies on reports of rains in Central and Eastern belt sections were followed by reactions. December was selling around 20.05 in the midaft- ernoon market, with the general list about mnet unchanged to 6 points higher. The failure of the small cotton crop figures to bring in a more general or aggressive demand seemed rather a disappointment to holders of contracts. This setback was accompanfed by rumors of another and more favorable private report, which made its ap- pearance at midday, placing the con- dition at 67.4 and the indicated yield at 14,435,000 bales. The publication of the figures failed to inspire much additional selling, however, and the market was quiet at midday, Decem- ber ruling around 20.12 and the active positions showing net advances of about 6 to 12 points. LIVERPOOL, August 18 (#).—Cot- ton spot maderate business; prices steady. Amerfcan strict good mid- dlng, 11 good middling, 11.34; strict midd , 10.99; middling, 10.69; strict low middling, 10.29; low middling, 9.94; strict good ordinary, 9.59; good ordinary, 9.14. Sales 6,000 bales, includ- ing 3,700 American. Receipts 300 bales, all American. Futures closed quiet and steady. October, 10.52; December, 10.61; January, 10.67; March, 10.71; May, 10.74. — FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) DDroX. ity 3132. Asked. viold, 194181 % » RSN PR e n s mnsnn ERR223222282! . = = MORTGAGE LOANS 515%—6% Apvllnflo&, for -orlau-m . SN f W. H. WEST COMPANY S Hhain FINANCIAL.® PARLEY OFFICE PLANNED. Arrangements were begun today by Henry L. Etlenne, director of the In ternational Telegraph Bureau of Bern, for the establishment of the secretariat of the forthcoming inter- national radiotelegraphic conference, scheduled to open here October 4. The purpose of the conference is to bring up to date the previous radio- telegraphic convention negotiated “in London in 1912, and to make this har- monize_with the existing Paris tele- MERGENTHALER LINOTY 3 Brooklyn. N. . Auust 16, 1027. DIV NO. 127. Aa dividend of 25 cents upon each of 956,000 ehares of present outstanding stock Company will ba paid on September 30, 1927, at the close of husiness on September 6. 1927 closed. JOS. T. MACKEY, Treasurer. REAL ESTATE LOANS 5, % FRED T. NESBIT 1010 Vermont Ave. Main 9302 The Eagle on the Dollar HE eagl: is a bird - birds fly. There is no need, however, for dollars to fly. w HEN invested in First Trust Notes, Dollars are safer than at home —or in one’s pock- et—and are carn- ing interest all the time. 1415 K St. Main 4752 ) NO. 127. uarterly dividend of $1.25 and an extra | t of no par value of Mergenthaler Linotype | Office Space to tha stockholders of record ag they apveat The Transfer Books will not b graphic convention, whose practical application is handicapped by lack of suitable international agreements cov- Mortgage Money Loaned at Low Interest Rates Economie_Conditions Tyler & Rutherford Loan Correspondent Matusl Benetit Life 1520 K Street ~ Main 475 FOR RENT SAUL BUILDING 925 15th St. N.W. A few desirable offices avail- able. Plenty light and air. Convenient to all-day parking space. Good service. Rents from $17.50 per month and up. B. F. Saul Co. Main 2100 925 15th St. N.W. G. M.-P. MURPHY & CO. Members New York Stock Exchange Buccessors to JOHN L. EDWARDS & COMPANY A copy of our Forinightly Review sent on request 1416 H Street Northwest 52 Broadway, New York Richmond, Va. A Third of a Century's Experience Main 2100 B. F. SAUL CO. Property Management —concerns itself with many details that the own- er himself would find bur- densome. Obtaining ten- ants, holding them, mak- ing collections, fueling, planning and effecting eco- nomical upkeep and opera- tion: All these we attend to, matter of course. And on all these items we re- port to the owner, in detail, regularly. 925 15th St. N.W. 17th and Eye Sts. rooms—and 90% rented! $100 month ($1.56 per sq. f —124x52 {t—a mezzani same space in cellar; rear Moore & Profit If so, would it not one hundred cents on attractive return. N.W. Lowest Rentals of any new building—all outside spaces $50 each, increased space to suit. Office?” H friends, clients or both ask that question—can you give an address of which you are proud? You can—if your suite is in this fine building —centrally located. Available—17th St. front Rooms 23x31, t.). Ground Floor Shop left ne may be installed—also entrance—$200 monthly. Hill, Inc. 730 17th Street Taking TOCKS today are selling at high fig- ures. Are you one of those who have participated in this rise and are con- sidering taking profits? be wise to place those profits in securities which do not fluctuate and which will, therefore, protect the profits you have made? Our First Mortgage Notes are worth the dollar every hour of every day in the year, and yield an Swm"tzell.m:eem‘&fiensq(!o., Mortgage Bankers - 72715 Street LV, 3 8 Years Without Loss to An Investor