Evening Star Newspaper, August 20, 1927, Page 12

2 e GENERAL MOTORS SCORES ADVANCE Prices Up Over 3 Points.| Chryslers Lead Independ- ents. Industrials Boosted. BY GEORGE T. HUGHES Special Dispatch to 1 NEW YORK, Stock Market started the influence of an in . Duran : enthusiasm the market a for Gen eral Motors With re gard to t predicted an other stock The im sult was a rosh to buy General Mot an ad vance of the price in that stock of over 3 points in the first half hour carrying the quotation up within measurable nee of ecord high. The new General ing on a when-issued basis and ot} automobile stocks participated improvement to a gyeater or les tent. The leader leper was Chrysler has so ofte: Motors. Afte the market fc down, but ( ahead. Trade Reviews Optimis There was no fmportar fect the market. T reviews were mildly haps developme the were more encou else. The statement on New Haven was time next vear cau jump of a point or so in but there was only a small turr over. Erie common did a little better following publication of the July earn- ings statement. Her#, ton ver, activity was restricted. The pric Erie stocks has already discoun Zood deal of favorable results. more & Ohio gained a point Delaware & Hudson was up frac tionally. The firmnass in the hmy | has brought a revival of interest in the expected distribution to share- | holders of an Interest in the coal prop- | erties. ‘! Du Pont Up Over 7 Points. In the industrials du Pont was the leader, running up over 7 points in sympathy with General Motors. Du | Pont's income from i of | General Motors is that | from any one other he talk | is that some part this _General | Motors prosperity will be passed on | to du Pont stockholders. Merchandis: ing and mail order stocks held their | new gains well, especially Oppenheim- Collins. Irregularity characterized the oils. Houston. which had bgen the object of a “bear” attack Friday, rallied, Barnsdall continued under pressure and there was no life to the demand for other stocks in the group. Market Holds Strong. The inarket for the leaders held strong up to the close. General Motor: and Chrysler were selling at the best of the day at the end. The steels did little, either United States Steel or the independents. General Electric w feature up a point or so, and Para- mount-Famous came to the front at a new high on the move. Pressed Steel Car stood out among the equipments and Goodrich Rubber in its group. Right at the end General Motors, touching 231, sold at the highest on | record under the present capitaliza- | tion. in today under erview with W, | in in parti ossip connected v ral the first upward General Mot rysler pus! railroad han anythin Balti of Markets at a Glance | | 20 new @ — | high. ag on steady . Cot: NEW - Stocks firm Bonds steady: French i realizing. Foreign exchange Portuguese rates at vear's ton steady weevil report. | Sugar and coffee: Holiday. CHICAGO.—Wheat firm; better ex- | port demand. Corn higher; smaller | receipts. Cattle irregulal steady. | CHICAT}B GBA;N MARKET. | CHICAGO, August 20 (#).—Wheat took an earl; wing upward toda due to surprising strength shown in | the Liverpool et. Selling in. creased on the bulges, however, and | checked the advance. Opening 1 up, Chicago wheat ~\lh~(‘q\ll"!‘(l\\ underwent a general decline. Cont ued cool weather over the belt gave firmness to corn, which started % to | % higher and later sagzed ound. | Oats sympathized with other grain | and provisions were steady. Strength in the cash position of wheat with advancing premiums West and at the gulf at s combined with reports of xport business | overnight did much to enco g { ers today. The sharply on early report that all offers abroad overr mecepted, indications pointing to up: ward of 1,000,000 hushels. Furopean | buyers are beginni i e seriousness of the \ditions abroad and are in market for American markets supply their needs. Much damage ha ly by the weathe unfavorable. iie reported in many Advices from the C: west were construed ; Saskakoon, Saskatche that the wheat crop slightly da ed by other ‘report told turity of wheai, the ac ha zolden colo ’ under way in come gener middie of the week un a \ther sots in. In some I - t on the lowlands w d by frost, while north an west of Saskatoon »od to have suffe iy fields not being worth luck rust is developin o may mater present prospects, YORK . August Ch; sler at it were to done recent hich eneral rain i continues vy From has been only frost, while an. the rapid ma iter part of a4 natura nd will be some sections sy . CHICAGO LIVE STOCK MARKET CHICAGO (P Depirt o Rece and pigs sl er; others average; meager pounds, 16.5 ing sows, to 240 pound to 320 butchers mated holdover Cattle—Receipts pare; o strict all weight grades unevenl tween h most decline; f off, native loss; cutter most 15 te 75 higher steer midweizht light ¥ (United steady 1o with wpl 10.65 10 8.85 000 head avies : heifers shoy steady, 13.75 1o 9.00 to 9.50; for 1 14 ad; 1 64 doubles 000 head di rect, steady shecp w fat range Jaml Jambs, cwes, ) mark. for . FINANCIAL. | abttins Pow (8. Abrahm&sStraus Adv Rumley.... Ah\lmada Lead. | Ar Reductn(16)’ Ajax Rubber.... Alaska Juneau. . { Albny Pap pf(7) | Allted Chem (6) | Allied Cm pt(7). | Allis Chalm (6). | Amerada (2).... Am Agrl Ch pf Am Bank N (2). Am Bosch | Am Brown Am Can (2 Am Caré ‘d\ (8) press (6) or Pow Am Hide & Lea. Am Ho P (240). | Americar | Am & | Am-nternati(2) Am La Am Linseed. ... Am Locomot (8) Am Machine (2) Am Piano (3). Am Po & Lt (11 Am Radiator() | Am SatetyR(33) Am Seating (14). Am Ship & Com. Am Smeiting (8) n Snuff (12).. St Fdys (3) Am Sugar (5)... | Am Sugar pt (7) | Am Tel & Tel(9) Am W W (m80c) Am Woolen. ... Am Writ Pa ctfs m Wr Pa pf efs | Anaconda (3) Arch-Dan pt( ArmourDel pf( Armourot H1(A) Armourof I1l (B | Asso Dry G215) | Asso D G 1st(6). 0 D G 2d (7). AtTE S F(18%). Atl Refining (4). | Baldwin L (7). Balto & O (6)... Baito & Oh pf(4) Bang & Ar (3%) Barnet Leather. BarnsdallA(2%) Beech-Nut (3). | Best & Co (3)... Bethiehem Steel Beth St1 pf (7). Bloomingdale Bomny C Mills Brlg;.s Mfg (3). Bkin-Edison (8) 181's lill—; 18115 181% Blkn-Mn Tr (4). Brown Shoe (2). Brunswick B(3) | Buft&Susq pf(4) | Burns Bro (10). | Burns Br B (2). Bush Term (b8) Bush Trm pf (7) | Butte Cop (50c). Byer & Co..u..0 Calif Packg(4). Calif Petm (1).. Callahan Zinc. .. Calumet & Ar(6) Calu & Hecla (2) Canada Dry (3). Open 108 7' 1 181 12313 10 'y 47 112 N 166 128 51% £9% 1138 1587 105 106% 106% 106% 1051 5 1247 1247% 121 | Atian Ref pf (7) 119 mrl !Allxl: Pow pf (6) 10 12 79% 4% 5614 237 115 56 4 51 9413 21% 59 117% 4 0 15 5844 High 108 €8 12 4% 181 107 o 1031, Am Chain pr(7). 100% 100% 100 100t 2% 1134 461 108 Boih 105 16 119 3 101% 1015 101% T9% T4% 56% 21 5414 504 621y 116 4% 51v it 941y 21 7% fl\h 790 ) Can Pacific (10). 186'% 186 Can Pacific rts. . | Case Threshgi6) 262 | Case Thr pf (7). Cent Alloy (2).. Cerro dePas(t5) Chand-Cleve. ... Chandler pf(234) Ches & Ohlo(10) C & O Corpn (3). Chi & Alton pf.. | Cht & East 1l pt Chi Great West. Chi Gt West pt. Chi Mil & St P.. Chi MII&StP of. CM&StPcfs.. | C M&StP pf cfs. Ch! & Nwn (4)., Chi Rock Is (5). 109% 109% 109 Childs (32.40) | Chile Cop (234). f‘hrysler Corp(3* City Stores (B). Cluett Peab (5). | Coca-Cola (5) Collins & Aik(n) Col Gas & E (5) {Com Crot (1%). Com Cr pf B (2). Com Inv (3.60).. | Com Powr (234) Cangoleum-Nair Cong Cigar (1).. Con Cigars (7).. % to | Con Cigars pf(7) 10; Consol Distribut | Consol Gas (5).. | Cons Gas ot (5). Consol Textlle. . Cont Bakg A(4), Cont Bak pf (8). Cont Can (5). Cont Mot (80c). Corn Prod (13) | Coty Inc (5).... r:ruclh!esr-elml (‘uh'l Cane Su pf Davison Chem. . Deere&Co nf (7). Del & Hud (9).., Del L& W (7). Dodge Bros Cl A Dodze pf (T)...., Dunhiil Int (4). Dupont (19%). astman (18, on Ax'e (2).. AutoLi(th14) ctric Boat. .. ec Power & Lt c P&LL pf(7) lec Refrigeratn nd John (5)... nzineers Pub S Epait Bldz(7).. Eris RR. . frie 1st pf. Erie Stm §(21%) Fureka Va f141% Fed Mot T(f80c) First Nat S(11g) Fisk Itubber.... Fisk 1st pf (7).. Kletschmann(3) Rox Film A (4). Freeport (t4%). Gabriel Sn(313). Gardner Motor.. Gen Am Tnk (3) en ATC pf (7). en Asphalt. ... en Asph pf (5) ten Elec (15)... entllec spiic) 1 Gas pPA(T). ienMotors(t10) en Mot uf (7). Stg (5). Gen Refrac (3). Gimbel Bros. 3imbl Br pf ( Dust..... Goodrich Ru (4) oodyear Tire. . Gothm S H (214) Gotham new 2% tham H pt(7) or bf ofs(5) NorOr1%). t WnSug(n) een Canan juantanamo | Gulf States (5. Hanna 1st pf... | Hrtn B blv % stk Hocking Val(10) Hoe & Co A | Houshld P(33). Houston Ofl. ... | Howe Sound(4) Hudson Mo(3%) | tup Mot (1.40). Indep O11 (1)... InterboroRapTr lat Com Eng (2) 4 121 29% 64 6 18% 1923 14 8% 15% 344 17 32% 15% 314 91% 61% 36% 56 bullish Government boll | Chrysler pf A(8) 111 49 5 117t €0l 90% 90 Hogs | | Collins&A pf (7) 104 | Col Fuel & Iron. 7 9614 21 204 6 56 24% 827, 1:3 K n 43 K9 4% 11 5 90% 40 35 116 203 1651 183 0% 0 2881 1664 26 91t 61% 64'% 110% 110% 110% 1107 59 112% 1120 11 128 11% 107% T4 231 227 124% 124% 124% 145 ¢ 46 106% 106% 106 BRx 50% 59 129% 41 ol 13 21% o % 64 Flly 368 581 13 49% 65 1181 104% 9% 8% 56% 24% 65 83 106 % o 113% 113 98% 4 £914 T4% 11 S0% 90 497 116 208 1654 18 70 166% 26 6l 6414 3% 9% 513 6974 129 11 107 " 591 59% w-;ls 21 40% 597 8% THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Low Close 107 12 1 181 Int Harv (§6)... Int Mer Mar pt int Nickel (2)... Intl Paper (240) Int Paper pf (7) Intl Shoe (7)... Int Tel & Tel (6) Int Tel & Tel rts Island Creelk (4) Jewel Tea. . . Jones Bros Tea.. #| Jordan Motor... Kan City South. | Kayser J (4). | Kelly-Spring. Kels-Haves (2). | Kennecott C (5). Kinney pf (8) Kresge (1.20)... Kress S H (1)... Lago ON (3).... Lambert Co (5). Lee Tire & Rub Lehn & Fink(3). 1'3| Lehtgh Val(314) 74| Lia Carb (3.60).. 47 3% Lig&MyrsB(r4). 111% 1i1% | Lima Loco (4).. 98 98 | Loew's Ine (2).. Long Bell A (4). Toose-Wil(2.60) Loose-W 1st (7) Lorillard Co Lorillard pf (7). TLouls & Nash (7} Ludlum Steel (2) MecCrory (1.60). 89 891 | McCrory pf (6). 1131 1131 | Mack Trucks (6) 1681 169 | MacY R H (5).. 3 143 | Madison Sq Gar. .| Magma Cop (3). "‘ Mallison & Co... Mandel (2%4)... Man EI Sup (5). Maracaiho OIl. Market St prior. Marland Ol Marlin-Rek +33% | Mathieson pf(7) May Dept S (4), Maytag (2%)... MidContinent(3) Middle States. . . Midland pe(+12) Miller Rub (2).. | Mo Kan & Tex.. Missour! Pacific. Missour! Pac pf. Montgmry W(4) Montana Pow (5) Moon Motor. ..... Mother L (50e). Motor Met(3.60) Motor Whi (2).. Mullins Body. Munsingwr (3).. Murray Corpn.. Nash Mot (t4%) Nat Biscult 1514 Nat Cash R(A)3 Nat] Dairy (3).. t Dept Store at D St 1st (7). at Distlllers. .. Nat Enamel & 8. | Nat Lead (5)... Vat Pw&Lt(80c) | Nat Supply (4). 108 2314 10 30 ult Sily | a6 108 105 105 192% 193 124% 119 119 794, 9% 4% o6l % 541 54's 50% 504 624 24 115% 116 4l 4l 21 ' 275% 56 56 1y 51 91 1% 59 7% 117% | N T 1T | Nevada C(1%).. o INYAIrBr (). 8% T9% | N ¥ Cent (8). 64 61% | N Y Central rta, 2245 29% | NY C&SHL (5) i5% 1% | NY Dock. . . 70 70 |NYNH& Hart.. 16 16 NY NH&Har rts 56% 56 NYOnt & W (1) 186% 186' | NY Steam pf(6) 4 4% | Norfolk South 262 262 | Norf& W (8)... 121 121 |NorAm b10% stk 2920 |North Pac (5)... §% €33 | Nor Pacefa(s). 6 . 1814 18 | Ol Well Sup. Omnibus. . Opnhm Col (4).. Orpheum Cir (2) Otls Elevator (6 Otia Steel....... Otis St1 prior(7) Owens Rot((+5) Owens B pf (7). | Pactfle Gas (2).. Packard (12.90). Paize Motor. Pan-Am (6).. Pan-Am B (6).. Pan-Am West B Panhandle...... Parmt-Fam (j8) Park & Tiiford. . Park 1tah(R00), Pathe Ex A (4). Patino(1.21 2-3) Peerless Motor. . Penick&Ford(1) Pa Dix1eCt(3.20) Penna RR (31) Pere Mara (18) . Pere M prior (5) PhilaCof % pf (3) Phila& RC& 1. Phillips Pet (3), Plerce-Arrow. .. Plerce-Ar pf(8). Plerce Oil....., 113% | Plerce Petrolm.. 98% | Pitts Coal... . 5% | PittsTerm Coal. 4% 43 | Postum (5)..... 89 8y | Pressed Stl Car. 74% T74% | PrStl Car pt(7). 1t Prod & Refiners. 55 Prophy Br (13). 90% | Pub Serv NJ (2) 90 Pullman, Ine. ... 7 Punta Aleg Sug. ! Pure Ol (+2). ! Purity Bak A(3) i Purity Rak B(2) Purity Bak pf(7) Radio Corp of A. Reading (t5). Real Silk Hos(4) Rem-Rand '21:60 Rem-Rd 1st(7). Rep I & Spf (7). Reynolds Spnas. Reyv Tobac B (5) Robt Rels & Co.. Ross!a Ins (6).. Safety Cable (4) St L Southwest, Savage Arms. Schulte (3% 2% 14 32 16% 315 91% 109 61% 611 36% 364 56 57% | u3 13 49 49y € 65 1715 118 9015 104 104% 8% 79 9% 964 o1 ) 20% 46 56 66 8215 1057 106 L 98 % 90% 90 49'% 314 343 116 116 208 208 165% 165% | 18% 18% 0% T0% 50 Sears-R (n214). Seneca Copper. . attuck F G (2) Shell Un (1.40). hubert The (5). fmmons (2).... Simms Pet Sinclalr OfI. Skelly O11 (2). Snider Packz Co So Porto Rt Sug. . South Calif Ed.. Sou Dalries B. South Pac (8) G+, | Southern Ry ( 14 1120 | Spaulding pe(7). 128 1291, | Splcer Mfg. 1% 11.|SAG&E ISV)L 1074 1071 | Std G & E pt(4). 31 | Std Mill (5) 1174 | Std0iICal(12%). 1241 | Std OUNI(+1%) 144% 1454 | Std Ol NY(1.60) 67% 6a7e | Sterling Pro(16) 4674 457a | Stewart-War (8) 10613 | Studebaker (5) 5874 | Submarine Boat. 6914 | Supertor O1)..... Symington Cl A. | Tenn Copper (1) Texas Corpn (3) Tex Gulf S t4%. Tex & Pacific. .. Tex Land Trst n | Thatehr p£(3.60) | Tidew Aso (60e) deWat O(808) . de W O1l pf(5) Tobac Prod (7). Transcont Of1 | Underwa pt (7). Union Carb (). Unton Oil (1215) Un. Pacific (10). Union Tank (5). Utd Cigar Stores S| UnCigStpe(T). 181 | United Drug (9) * ! UtdDrg 1st(3%) 21% Utd Dyewood. .. 36% USCIP&F(10) 53% U S Distributing 6114 A4 73 9% 57% . 8% 9 £R7 65% 87 ,Uh| 59 404 Open. 191% 401 6674 5614 10214 199% 140% 4% 61 61% 267k 17% 6114 High. 191% 161 40% 40 67 66% bH% 56% 1024 1024 199% 199% 140% 140% EL 61 61 61's 61'% 267, 26 18 17% 61% 60% 5714 57 24w 23% 24 24 FBY 684 98 48! 657 81 3% 10% 678 109 50% 50 118% 118 664 66'% 5519 34's 5l 1034 5 109 50 118% 66'% 2414 51t 3419 5lia 1071 101 1071% 100 107% 100 209% 21% 50 107 a1 1274 264 16 > 128 274 61 12 46 5214 102% 2% 102 6% 2% 301 2514 50 484 23% T84 134 44 66% 234 90 4l 284 115'% 21% 5 102 7 2% 0% &% 2% 304 25% 26% 50 50 4814 48 234 23 9% 781 134 1337 Nat Surety (10). 2464 1415 155% xw 5l 1‘_‘ 5t l‘i 57% 56 an 48Y% 139" 91y 731y 78 116% 7313 7 23 1 10 10 10115 10249 10115 39% 39 244 244 26 97 52% 42h 43 12% 5815 A 1 1 61% 6014 4% 4 1145 113% 65 6214 88U 8714 25 6314 4 624 42% 42 5% 15 474 871 2% 2T% B 6% 9% 107 52% 41% 44y 12 ( (t 1i3% 107 138 6% 137 6 199% 681 6R15 681y 82 81y 48 48 3 120 134 108 5 62! G631 9% 247k EEA 31 130 150 64% 63% 54% 5i% % 5% 4 dn 170% 1308 8 i5 194 Low Close. 191 5 40 66 109% 109% 1 STAR, WASHINGTON, D. Open US Ind Al pf(7) 116% US Leather A. .. USLeat pr pf(7). U S Realty (4) U S Rubber..... U S Rub st (8). U S Smelt (315). U S Steel (1).... Uni Pipe (1215). Uni Pipe pf(7) Utl P&LE A (2) Vanadium (3)... Vick Chem (4).., Victor Tik Mch. Victor ev pt (6). Va-Caro Chem.. Va-Car Ch 6% py Va-CarCh pf (7) &8 Vivadou (3). 274 Vule Det pf (7). 114% Wabash.. 66 Waiworth (1.20) 17% Ward Bak pf (7) 591y Warner Plo A... 24 Warren Bros(4). 10 Web&Heil pt(7) 1024 W Penn E1 A(7). 107% W Penn El pt(7) 111 West Maryland. West Md 24 pf.. WesthseAirB(7) Westinghse (4). Weston A (2). White Mot (4) White Rock (2). White Sew M (4) White Sew Mach Willys-Overland Willys Od pf (1) Woolworth (5).. Worth Pump (A) Wright Aero (1) Wrigley (13%4). Yellow Truck. .. 33 Yel Tr&Co pt(7) 92 90 60 Dividend rates as eiven in the above table are the annual ed on the tost quarterly or half vearly declarations. nlesa otherwise noted axtrr or svecial divi- are not included, Unit of trading lese than 100 shares 1 Partly extra 3 Plus 4% 10 stock ¥ Pay- ahle in common ock Y Plus 2/50 in stock A Faid th vear=—no regular rate. bTen per cent in common atock oavabl 215 % quarterly ¢ Plus 5% In stock. d Py able “when earned, o Pavable In_cash or stock ' {Plus 10% In stock.’ e Plus 1/50 share in umrk h Plus $1 a sebare in an-l stock 1 Plus 6% in stock. |Plus 24 in flock, k Pavable 1/40 of o sharo auarterly in’Cinss A" stock 8% in_stock. Ipariy stk o Plus 83 i otoferted stock a Plus one-hal? of common stock. . FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.) Nominal Selling checks ®old value. today SH8005 84 a4 83 12 10% e London. pound. ... Montreal. dollar .. Paris, franc. . Brijedels. 1n “00001 rown zloty en. Oslo. crown . Stockholm. crown’. NEW YORK, Augus TFor- eign exchanges steady. Quotations (in cents): Great Britain, demand, 485 13-16: eables, 486 3-16; 60-day bills on banks, 481%. France, demand, ; cables, 3.921¢. Italy, demand, bles, 5.44%. Demand—Belgium, 13.91 Holland, 40.05; Norway, 26.01 Denmark, 26.78: Swit: 7%: Spain, 16.88; Greece, { 11.20; Czechoslovakia, | ugoslavia, 1 Austria, 14.08; \n:emmu, 42.68%; Toki ; Shang: | Germa SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) G Closerm bid, " Offer! i 1016 { Canad; & O. Rw hi.. Mil. & St CR.T &P Ry Continental G Cunard 8. S. Co. cla. & iud. Rw 3 Yo, . B 1928 " York Tel zon_Short Lij fl’.‘n 1933, €. 65 1928 ‘0. 43 10% V. 858 195 J. 5 1946 3 Std. Oil of Std. 01l of SULLTr Mt Swift & Co. 5 irnion Ol Tnion Pac, ol T & 5tk 1o S. Rubber 7148 1030, " T8 Smelting Co. r.!.. 935 Wheeling Steel C. 53 i 1948 e e FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Approx. i Asked.vield ', ¢ TREASURY CERTIFICATES. (Revorted by J. & W. Seligman & Co.) Bid. 7.. 100 D100 COTTONSEED OIL PRICES. g August 20 (P).—Cot- tonseed oil closed strong: Prime Sum- vellow, 10.00a10.50; prime crude, §.75; August, 10.00; September ]ll 08; October, 10. ovember, 10.: December, 10.49; January, 10.54; Feb- ruary, 10.58; nm-h, 10.73.’ sales, 8,500. GERMAN BONDS AND STOCKS. 1 Wire to The Star. i August 2 {Quoted in doliars per mi B ket Gt (w In) s 1914-18. 925.00 X mbure 4138 1019 63.00 §0.00 (Quoted_in ‘dollars ner” {Housand marks.) Elec 4148 pre-war. 00 200 Ger Gen Elec 4118 1019, X on marks.) Prussian Consols 31580 Krupn de 1921 . cldort 45 pre-w ort a-M 48 br Ge Elec) ptd: ! and” Privat Bank. Disconto Y Berlin Dresd Merenr Bank Vienna. Heyden “Chemical . Austrian A E G (Gen Elec) New York Stock and Bond Averages. SATURDAY, AUGUST 20. ST"( KS. Wigih, 1927, 149.50; Tow, 125.58. BONDS. bond sales walue), averaged (par 00. firt-xrade rails d average, 98.08; net gain, avernge month ago, ear ago. 95.0 | improvement, C., SATURDAY, SLIGHT DROP HERE INBANK CLEARINGS Richmond and Atlanta Also Lag, but Baltimore Gains. Financial Notes. BY EDWARD C. STONE. Washington bank clearings for the week ending August 18 were lower than for the week of August 11 and also below the figure for the corre- sponding week in 1926, Checks can- celed by the local clearing house to- taled $23,240,000, compared with $23,- 364,000 during the previous week and a decline of 5.3 over the same week last year. Richmond also reported a decline In clearings over the week of August 11 and quite a marked drop of 40.3 per cent over the similar period last year. Atlanta clearings were not up to last vear, but substantially ahead of the previous week. Baltimore, however, reported clear- ings of $106,610,000 against the Au- gust 11 total of $100,384,000° and a very slight increase over last year. Clearings in the United States, as a whole, according to Bradstreet’s, made a small gain over both the previous week and the like period a year ago. New York and the larger cities in the ‘West made the best showing. Sees “Bull Market for Yea An Associated Press dispatch quotes W. C. Durant, salling today for irope, as s believe we are drifting into a so called bull market unprecedented in magnitude which will extend over a period of many Good securi- tles would sell higher than ever be- fore, he asserted, and money was so plentiful it was almost a drug on the market, with prospects that in the near future the present rate for time money would be considerably reduced. “Calvin Coolidge may not choose to run for the presidency, but the peo- ple may choose to nominate and elect him. Coolidge is a good President and has made a wonderful record.” Credit Situation Declared Sound. “A combination of circumstanc: says Moody’s Review, “including the liquidation of a weak pool, the in- cidental failure of a stock house and the illness 'and death of Judge Gary, | produced a 10-point reaction; but mor than 70 per cent thereof has already been recovered. The time does not seem ripe for any real break in the market.” ional earning power and & power have within the past two years s0 enlarged our total supply of loan- able funds or liquid capital that brok- ers’ loans, even now, are not at all overextended as compared with the lending ability of bankers and capi- talists. In brief, the credit situation appears entirely ‘sound.” Bradstreet Reports on Trade. Bradstreet's report for the week on trade conditions in this territory say: Wholesale and jobbing trade g | erally continue fair, although improv ment is noted in some line: Crops generally in this on show particularly in the .‘\lou(h, with cotton and tobacco lead- ng. Retail trade is below normal. al- though mark-down sales have acted as a stimulant. Dry goods and notions are bett and prices are rather firm, while the: exists a quite hopeful feeling that the “all months will bring about much im proved conditions. Trade in electrical and plumbing supplies shows a slight | improvement. Dividends and Other Notes. The fact that during the first halt of | this year gross earnings of the Balti-| more and Ohio increased approximately $3,000,000 and net earnings approxi- mately $2,000,000, setting a new high for the period, seems to lead to the be- lief that last year's record earnings of $17.20 will be exceeded by a comfort- able margin during the current year. The Federal-American Co. soon wili | offér a firet mortgage note issue of | $325,000. secured by the recently com- pleted Hill Building, Seventeenth and O streets northwest. The notes, bear- ing 6 per cent interest, are dated Sep- tember 1, 1927, and will be amortized | over a period of five vears until ma- turity, September 1, 18 Loew’s, Inc., has declared a regular quarterly dividend of 50 cents, pay. able September 30 to stock of record September 10. Negotfations are in tween American Ice Co. & Fuel Co. of Cleveland, ward a merger. “There is no apparent evidence of either a deperssion or a boom,” states the Kardex Institute, in reviewing the general business situation. Bankers' Committee to Meet. Thomas W. Brahany, chairman of | the committee on publicity of the Dis- trict Bankers’ Association, has called the first meeting of the year, the date being next Thursday afternoon at headquarters. P. H. Siddons, who W chairman of the committee I year, made several recommendations at the Hot Springs convention which will be considered at this meeting. Cities Service Earnings Gain. The statement of earnings for the | Cities Service Co. for the month of July shows an improvement over those of the previous month. Gross earn- ings for the same month last year were $1,897,312.77, compared to $2,700, 20445 this year. For the twelve months ended July 31 this year gross revenue of the company was $30,078, 734.07, an increase of $8,000,000 over the 1926 earnings, Bank Ready for Flower Show. The arrangements have been com- pleted for the annual flower show given by the Federal-American ) tional Bank on August and 30. v progress be- | and City Ice| looking to- In the Spring the bank gave away more | ¢ than 10,000 sééds, so that the coming exhibition is likely to be a record- breaker. As already anmounced, two experts, George W. Hess and David Lumsden, will be the judges and award the prizes. BUTTER SHOWS LOWER, BUT QUICKLY RALLIES Easy Tone at Opening of Week Followed by Prices at Higher Levels. By the Associated Press. CHICAGO, August 20.—The release of the Amgust 1 storage report for the United States on Friday, August 12, caused the development of an easier tone on the butter markets at the opening of the week of August 15, prices declining 1 cent on Eastern markets and 1!3 cents at Chicago. The weakness was short lived, as re- ceipts were rather light and buyers began showing more interest. Deal- ers, sensing the development of a firm position, began holding goods more closely and prices gradually worked to higher levels. At the close all markets were firm, with fancy butter scarce and in active demand. The into storage movement at the four and six markets is slowing down somewhat. The net increase for the first four days of the week under re- view was 184,949 pounds, as com-| pared with 1,970,870 pounds for a like period of the previous week and 661,643 all the grain counties. | dealers jand vicinity sold as low | the lower Potoma | ping to pounds for the corresponding days of 1926. Production continues to de- cline. f AUGUST 20, 1927. Commodity News ’ FORT WORTH, August 20.—Texas | farmers are preparing to plant the largest acreage of small grains, wheat, oats, rye and barley ever known in this State, according to reports from The ‘gain for each of the grains is expected to be to 20 per cent. SLAND, August 20.—Many of ading northern Ohio steel manu- acturers anticipate a sharp pick-up | in demand after Lebor day. Cleve- land will be among the first to fee the impetus to trade of quantity pro- duction of Fords NEW ORLEANS Board of Port Commissioners has started work on a warehouse on the public docks to hold coffee. It will cost $1,900,000 and have all ences for handling and storing beas LIVINGSTON, Mont., An addition of icre Yellowstone Valley h the hogs of the Hill which Walter J. Hill, road pioneer, is chie Hill holdings exceed 9,000 . TORT August 20.— Sharply increased demand for lumber is shown in the weekly report of the West Coast Lumbermen'’ with orders of 123,994, duction of 115,15 of 114,684,083, Thirt pine mills fn the past week sold 29 t, shipped 28,375,000 and produced 34,787,000, denoting a gain in all lines of the business August —The the August 20.— in the upper bren made to Cattle Co., of son of the rail- stockholder 9 feet, pro- nd shipments ven Western CHOCE FISH LEAD IN LOCAL MARKET Vegetable Supplies During Week Show Increase—Fruits and Melons Plentiful. Solomons Island fishermen made it | possible for dealers at Municipal Fish Market to have an unusually attrac- tive display of offerings of choicest fish this week. There was a time when fishermen in the vicinity of that popular section confined their efforts chiefly to hook and line fishing, but since the World War, it is stated, the number of netter to make it p aught fish to th two or three hour caught. During the past few days the local received large shipments cof big trout from Solomons Island, much larger fish than came from Chesa- peake Bay points in other sections, as well as from the big nets along the New Jersey coast. Many of the trout weighed as much as 5 and 6 pounds and found ready le at 18 cents a pound, while large shipments of smaller trout from Buckroe Beach s 6 cents. hip fresh- et within they are Spots of Large Size. Not only were the Solomons Island fishermen able to send supplies of the big trout to this city, but they a shipped spots 1s the largest fish of that species caught in the vi- cinity of Norfolk, Va., where so much is heard of the celebrated Norfolk spots. Because of receipts of the spots from the vicinity of Norfolk and it was reported, price of the Solomons Island catches was kept dow nto about 10 cents a pound. Another fish received from Solo- mons Island netters was the bluefish, s in demand at fairly good prices, cording to dealers, and a fish that seldom gluts the market. Dealers found it an easy matter to dispose of them at 22 cents. Rockfish from the same shippers sold at 20 cents yester- day. Crabs Range at $7 a Barrel. Buyers are still deeply interested in the question of catches of crabs and the quantity of crab meat reccived for le in the loc: ket, more particu- arly the It'is not believed cheap pri o in pre- vail. A price of $7 a b for the yesterday, about the 5 iled this port a fairly good demand for soft crabs this week. Prices were quoted at $1 and $1.50 a dozen the past few days, and, according to deal- ers, some of them were of lange size and in the best possible Crab meat found re 2 to §3 a_gallon. Price of Boston mackerel to 10 cents a pound the past two days, while croakers, the most plentiful fish {in the market, were to he had at the Jow price of ents. Swordfish, re- puted the most delicate of all the products of the water, sold at a price of 30 cents a pound. Halibut w: cheaper. dealers quoting a price of 19 and 23 cen > of the fish regu- lating the price. Salmon and filet usually in demand, ful the past few days. The former were quoted at 22 cents, while the lat- ter sold at 15 cents a pound. Vegetables More Plentiful. cheap- sales at from of haddock, also were more plenti- ve served to in- ve tables in the rding to reports of dealers, and additional increases are anticipated in the nest fe prices being so low that grow plain they are not making ends meet on the growing proposition, Two-péck | ¢ tomatoes ity as good as that of any died by local dealers, at 50 cents, while No. 2 stocl good but smaller than the ch sold as low as 25 cents. Reports fre nearby country places tell of the start- X nning industr up of th : swives in the city al- canning. morning beans for below fonal rains h supplies of al market, acc qual- L 1 v ave doiy Dealers this whole bushel of string cents, a price that is offered n 50 the drop the pas incres rea Price of corn took two days, due, it is state receipts and possibly a de mand. Early in the week ¢ perienced no_ difficulty in getting rid of supplies of sugar corn at 50 and 60 cents, the price for the week end drop- and 40 cents. Y CGireen peppers are very plentiful. Farly in the week they sold at $1 and §1.25 a bushel bas price drop- ping to 65 and s vesterday. Cucumbers also werd plentiful this morning, selling at 75 cents and $1 a bushel basket, Potatoes in Moderate Quantity. Potatoes are being received only in moderate quantitic morning quoted a price of $§3 $4 a barrel for the product of nearby farmers. Lima beans continue in small supplies, prices holding up. Tre shelled product sold at 50 and 60 cents a quart the past fe vs, beans in the ped selling at 0 and §3.50 a bushel. ] Beets and carrots continue plenti- ful, prices being about as low as local dealers have evr known then moderate supplies of homegrown let- e are reported, pr wide range according to quality VPeaches, regarded by dealers leader in the fruit market season, are being received in liber quantities, chiefly from New Jer and Virginia growers, although West Virginia and Maryland gro end some of the fruit to the local mar- ket. Prices covered a wide range this morning, $1.50 being the cheap- est, the best stock selling as high as receiving fairly orchard-packed alers also large quantities are of conveni- | Association, | has increased jo as | s auoted | condition. | dropped | * | 1 | were plentiful | Only | FINANCIA COTTONNERVOUS BUT FAIRLY STEADY Weekly Review Shows Mar- ket Affected by Reports of | | Boll Weevil Weather. ¢ the Assoc WV YORK, fluctuations have and irregular, held pretty well up to the for Deccmber past week. Above ings have shown a wse, but the declines ing ng to “boll weevil” weather and jus complaints of Insect dam- cept for these complaint chiefly to the increased in | tion and damage by boll weevil, the crop would not appea have beer | suffering ur 1al deter ion f | this season of the y | been complaints of sl £ the opinion of some traders the not reflected anything much | than the normal, except for some sec- | tions of Texas and Mississippi. Crop Hit by Worms. There Iso been repo damage by leaf or boll worm army worms from scattering loc but the chief factor in the tendency iated Press, Aug 19.—W been rather | nervous the cotton market contracts that offer e attrac ov tinuance of e South, mere undoubtedly been the boll weevil and the inc reported over important {belt. The private mid-August tion figures issued up t this week have all sho in prospects as compared with the re ports of the same authorities toward the end of last month, with the aver age of four reports pointing to a crop | indication of about 13,659,000 bales, or | nearly a million bales below the aver- | age of the same reporis two weeks | z0. These reports have had littls ap- parent effect on the immediate market, but have doubtless contributed to the nervousness of tho trade over the crop outlook, and toward the end of this week it was said that some of the local traders were looking for a crop indication of not over and probably under 13,000,000 bales at the begin- ning of next month. Firm Tone in Dry Goods. | Reports from the dr; pre re: e of ing off | goods warkeis with reference to prices, which have been advanced in most instances owing | ) the firmness of raw material, but a | ymparatively small volume of busi- ness so far as forward deliveries concerned, and compa has been heard of trade b forward shigment of new crop cotton, ‘Trade interests have heen buyers on the decline in the futures market, however, and there has been con | able transferring of short hedges from near to late month: WOOL MARKET DULL. Special Dispateh to The S BOSTON, August 20, wool market was dull & week. What little ported centered lary territory lines. Pr ne combing tér | today at 1.10a1.12 combing at B 1.0021.03, three-eighths blood at 90a92 and one-fourth blood at $0a82. Fine Ohio grade combigg flecces were quoted at 45246 grease basis, half blood | it 45, three-eighths blood at 44a45 and‘ one-fourth blood at 44. RUBBER QUOTATIONS. ‘\ W YOR August 20 (#).—Rub- | ber opened barely steady: smoked rib- | bed sheets, Septemb Decent- | ber, 35.50; March, 36 The Boston the end of the business was r around finy unchanged. | peaches from nearby growers, prices | | of the nearby fruit being quoted this morning at from $2.50 to : Orchard-packed apples also are being received from nearby growers, but not in large quantities. Berries Still on Sale. Huckleberries and blackberries ary | still offered by local dealers, the for | mer not so plentiful and selling at | 88 a crate of 32 quarts. Blackberrie vated. have been more plentiful st few days and were quoted at | te. were limited quantities/of | offered by local dealers this | thorning, chiefly from California, box- of the large fruit selling at $3 and e selling at $3.50 light supplies of grapes were reported. Mortgage Money Loaned at I.ow Interest Rates Feonomic_Conditions Tyler & Rutherford toan vorresnondent Mutual Benet Lite 1520 K Sh-eet Main 475 Cromnt Action e N sl | First Mortgage Loans vomn Rates of Interest and Commisaton Funds Available e First and Second “rust Mortgages Prompe Attention to 11 Applications THE COMMERCIAL NATIONAL COMPANY Incorporated Paid Up Capital, $700,000 Commiercial National Bank Bld, Hih and G Sts. First Mortgage Loans Applications Invited at 5%% On Improved Property - Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. FOR RENT Office Space 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. 612% 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. _Delaware, ern Shore of Mar ion, growers are su ng most of the cantaloupes offe ed in the local market. California honeydews continue in plpmitul sup- pli but honeyballs are getting scarce. orth Carolina and Virginia grow- ers are supplying most of the water melons offered to the trade this morn- | ing. Light receipts have been re- ported the past few days, the demand 21%o being light and the market dull. | Poultry Supply Ample, Already increased receipts of chick- | lens and numerous inquiries from | North Carolina and Tennessee poultry | raisers suggested to local dealers the | possibility of a cheaper market the | coming week. | Ixtreme top quality, live Spring ens, were quoted at 31 cents this average run at 30, and small as > cents. Fowls were | quoted at 23 and 24 cents, the dre stock selling at 26 and 27 Dressed Spring chickens and 32 cent Increased receipts of keats were re- ported this morning and they were in demand, young stock selling at 65 and | old at 35 cen Very few ducks and geese in market this morning, other than Long Island ducks, and there | was no demand for them. The Long Island ducks, frozen, were in fairly | ood demand. | Egg prices are gradually soaring. Dealers predict the p! will con- | t e to advance, expecting the peak of the market to be reached about | December 1, when the storage product | will_appear’ in large quantities and | | | force prices downward. Henne ock went as high as 35 and 36 cents today, fresh selected to 1 and 33 and cu nt receipts to 29 and 30. A continued firm butter market was rep advances were made during the week, but dealers do not antici; e extreme- es in the near future. Today’s Wholesale Prices ‘resh, 1 pound prin ore packed, »sh selected, 27a2! ch morning, as low condition of the ed, Slight pring 30; small, 16; keats, imedium, ducks, young, Dresse | chickens, 30 ckeys, 28230; apons, fane: 39240; smaller, 35; ducks, 20 young, 40a’ fresh killed—Beef, 18a20; 28a30; fresh hams, ;' Joins, 35a36: Spring heavy ; keats, smoked hams, 18. Live stock—Calves, choice, 13a13%; medium, 10a11; thin, 7a8; Spring lambs, 132131, RESIDENCES APARTMENT HOUSES BUSINESS PROPERTIES In Washington or Neardy Maryland, in Large or Small Amounts at 5% WM. H. SAUNDERS CO., INC. 1433 K St. N.W. Main 1016-17 Loan Correspondent Provident Mutual Life Insurance Company I el e Financial Independence Is a Result of Regular Consistent Investment First Mortgage Securities A Ssured Mortgage Investment Dept. HANNON & LUCH 1435 K Street Main 2345