Evening Star Newspaper, August 22, 1927, Page 14

14 * FINANCIAL, THE EVENING STAR, WASHINGTON. D. € AT JGUST 22 FINANC 1AL NEW HEH GROUND | NOTED N STOCKS | | | | | All Old Favorites, Including General Motors and U. S. Steel, Boosted. BY GEORGE T HUGHES. W YORK, August 22.—The stock market pushed gain to day into new high ground. All the old favorites, General Motors, U. S. Steel, American Smelting and Refin- i nd duPont were active at g prices. General Motors went up four points almost d ectly at the start to ! 1he highest on record, under the pres- | ent capitalization. The copper stocks were prominent under leadership of Kennecott at the highest in its history and the utilities were not neglected. Electric Power and Light*in the low priced, and In- ternational Telephone —in the higher ced group setting the pace. s hesitated at times during session and profit-taking made jtself felt just before the close, but for nine-tenths of the day the buy- ing predominated. 0il Shares at Lower The however, v Standar lifornia was at_ I Jevels and so were Atlantic Refining and Barnsdall Corporation. Baldwin Locomotive was selling within a frac- tion of its high record. The upward movement suddenly be- came pronounced in General Motors and within 10 minutes the gain was extended almost § poin: For the third succe head oc evels. oil shaves, a d “sale lower ive day this fixed at 313 per cent. General Motors encountered profit taking, which carried the price down well over a point from its hu:)_l. estab- tished shortly after the opening. Rally in City Stores. Renewed operations for the rise in City Stores “B” followed publication of the report for the three months ended July 30, which disclosed a net | profit of $143.809 after all charges, | 4 but before Federal charges, compared | with a net loss of $44.866 for the |t corresponding period in 1 The net for the first half of 1927 siven as 1,780, 2 1 A irther selling made itself felt in | B Houston Oil. Gothem Hosiery issues | Bs were bid up sharply into new high | Bi ground and Bethlehem Steel was sell- | B: fhg within a fraction of its best for |B: the year. Pressed Steel Car rallied | B over 2 points were neglected. Strong Throughout Afternoon. B The market continued strong (B throughout the afternoon. United | B States Steel sold at the highest since | B the stock dividend, and if that be|B) A Al A taken into account, at the highest for | Bon Ami Cl A(4) all time, while Youngstown Sheet and | B Tube and Crucible were conspicuous | B among the independents. American B Smelting and Refining crossing 170 | B! was up between three and four points | Bklyn UnGas(5) 145 on the day. International Tel. 5 and Tel. and American Locomo- tive were other strong stocks. Against these advances there were only a point drop in United States Rubber and heaviness in some of oils in the | Bt way of weakness. ; Trading was more orderly during | B the second half of the session, a fact 2-| B B account. STEEL FINANCE BODY Committee Likely to Consider Elec- | c tion of Successor to Late Elbert H. Gary. August 22 NEW TYORK, the United States Steel Corporation |C vi ft n for the | C M&StP pf cfs. will meet tomorrow afternoos At rar ined. it | Chi & Nwn pe(7 St aeuovum Soari be Ghis I L OOLIIR) 128% 106% 1o0% Joow Chi Rock Is (5). 109 CRI&PoE(6). 1014 101% 101" Chile hrysler Corp(3' e “Boara ot | ChEysler pEAGS) 114 transaction of regular business, pro- was announced at the steel corpora- tion's offices today. No one would venture an opinion, however, as to whether the committee would elect a chairman to succeed the late Elbert H. Gary, who was chairman of both the committee and directors, There are seven surviving members of the committe Two of them, J. P. Morgan and Myron C. Taylor, are | & in Europe. The others are James A. Farrell, president of the corporation; Nathan I. Miller, general counsel: William Filbert, controller; Percival | g, Roberts, jr., and George F. Baker. Messrs. Farrell, Miller and Taylor have been prominently mentioned as possible successors to Mr. Gary as chairman of the board of directors. The next meeting of the board will be held August 30. Ce POBEIGN_EXCKANGE. C (Quotations furnished by W.B. Hibbs & Co.) | C Nominal Selling checks | C loh{l A d. | Congoleum-Nair C don treal fran cels. franc Berlin. mark. . Rome. lira Zurich Athens, Madrid, peseta. . Vienna. crown Rudanest vound dollar 00014 15 A Conenhagen. Oslo. c1own Stockholm crown crown Quotations demand, 60-day bills demand Italy, de : Germanv, 3: | witzerland Greece, 1.301 slovakia T 52 Brazil, Shanghai, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) = —NOun —= Bid. i Cunard s 0. e Deli. & Hud. Rws. 7 Yrie: Ry, Co 3 Swift & Tnion Tnion Pac. United Lt & P, T8, Rubber 7% 1. 8. Smelung C Wheeling Steel C. 5 « 1030, 5 . Blaw 1036 1 S 1918 100 % Amerada (2). Am Agricul CI 3 3 3 i Am Agri Ch pf.. | Am Bosch...... Am Brown Bov. Am Brown Bo pf Am Can (2)..... Am Can pf (7).. Am Car&Fdy(6) Am Chain pr(7). 100% 100 100's 100% Am Chicle (3) 5 Am Drug (80c) . Am Express (6). 168 Am & For Pow.. Am&Fo Po pf(7) 100 Am Ho P (2:40). American Ice. Am Ice pf (6)... Am Internatl(2) Am La France. Am Linseed. Am Linseed pf.. 7 Am Loconiot (8) 11:4 115 AmMa&Fy pf(7) 16! 6 Am Metals (3).. Am Piano (3)... Am Po & Lt (11) Am Radiator(s) | Am SafetyR(13) | Am Seating(14). Am Smelting (8) 167!, Am Stl Fdys (3) Am Sugar (5)... Am Sumatra. Am Tel & Ca(5). Am Tel & Tel(9) Am TobaccoB(8) 142 Am Typ Fdrs(8) 131 Am Type pf (7). 111 111% 1115 11115 Am :v W (m80c) year the call loan renewal rate was oo ‘3‘,’&"3" Am Wr Pa pf cfs Am Zinc.... Anaconda (3). ArmourDel pt(7) Armourot I11(A) Armour 111 pf(7) Arnold Con&Co. Asso Dry G(2%) 46% Atl GuIf&WI pf. but other equipments !BarnsdallA(234) 23% Bayuk Cigars... Bayuk 1st pf(7 Brunswick Ter. ., Butte&Super (2) Byer & Co.. svhich went far to-reassure doubters. | Calif Packg(4) The advance was attended by none of | Calif Petm (1) the excitement of the morning and|Callahan Zine... was all the more impressive on that|Calumet & Ar(6) Canada Dry (3). Can Pacific (10). 187 Can Pacific rts. .. Case Threshg(6) 261's 264 Cent Alloy (2).. Cent Le: TO MEET TOMORROW | creo cereiiiis Chand-Cleve.... Ches & Ohlo(10) 19274 193 hi & Alton. . Chi & Alton pf. Chi & East 111 Chi & East 111 Chi Grea Chi Gt West pf.. (#).— | ChiMII &St P., Members of the finance committee of | Chi MI&StPpf.. 32'4 32! 3215 32% Cluett Peab (5) Col Col Fuel & Iron. Col Gas & EI (5) Com Cred (1)... Com Powr (2%) Conde Nast (2). Cong Cigar (4).. Con Cigars (7).. Con Cigars pf(7) 106 Cont Bakg A(4). Cont Baking B.. Cont Bak pf (8). Cont Can (5).. Cont Mot (80c).. Corn Prod (13).. 018 Coty Inc (5).... 480141, | CructbleSteel(s) Cudahy Pkg (4 Cuyamel Fruit., Davison Chem., 3 Deere&Co pf(7). 11 Del & Hud (9) Del L& W (17 DRG Wst pf. Detroit Ed (8) Diamd Mtch(8). Dod; Dodge pf (7).... Dome Mines (1) Dunhill Int (4). Dupont (1974, Du Pont deb(6). 112 Eastman (18 Eaton Axle (2).. 2 Efsenlohr & Bro, 12% El AutoLt(16%) Electric Boat. .. Elec Power & Lt End John (6)... E Engnrs PS pf(7) 105 Epqit BIAg(T)... 8T ErfeRR.. Erte 18t pf. Erle Stm S(2% Eureka Va ft4% | Fed Min&S(10). NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. Hich. Low Close Abitib! Pow (B). 107'% 10i% 1059 107 Abrahm&Straus 90 3 Abr&stras 7 %pf 112 1L Adams Exp (6). 166 166 Adv Rumley. 12 | Ahumada Lead.. 4 | Air Reductn(16) 181 18 Ajax Rubber.... % | Alaska Juneau.. 1% I | Albany Papr (2) 23% s 28y | Allled Chem (6). 1 5 3l Am Bank N (2). Am Br Sh(j1.60) W 40 18% 19 aUn 4 i 158 156 15 244 3% 1014 100 511 52 32 Am Encau (2.40) 23 My 53w | 52 30 314 3 9ty 51% Th a7 | 73 118% | Gen Retrac (3).. | Open. Low Close [ GenMotorart10) Gen Motors(w.i.) { Gen Mot vt (7). Gen Outdr Ad(2 | Gen Outdr A (4) Gen Ry Sig (5).. High. 119 12 Glidden C Gold Dust. Goodrich Ru (4) €94 70 Goodyear Tire... 533 5% Goodyr pr pf(8). 111% 111% Gothm S H (24) 765 78% Gotham new 2% 76% Granby (4)..... 39% Grt North pf (5) 494 Gt Nor pfefs(5) 96's Grt Nor O(13). 20% Great \WnSug(n) 39% Green Canan.... 59 Guantanamo..., 8% 8t Gulf Mo & Nor.. 70 70 Gulf States (5). 50% 00 Hrtn B b10%stk Hoe & COA..... Homestake (17). Houshld P(31). Houston Ol Howe Sound (4). Hud Man (215). Hudson Mot (3). 86l Hup Mot (1.40). 18% Illtnots Cen (7). 132 Indian Mot (1%) 23% Indian Refining. 8 Indian Refgetfs 8 Ingersoll-R(t4). 90's 614 997 59 617 61% 4 1327 1 410 56t 61% at 56% 85'% 181 13214 4l 407 56% Bl S6ls 85U 18% 18% 4 0 W 624 34% 1 4 136 | 46 7 46 CREIR 6 ab'h dnia My 1670 149% | 53 a1ty 0 S0y | s 169 9 » : { 131 130 52ty 524 46 457 86 9% 5% 66 46 194 194 19 19315 195% 46% 46% 86 99 5% 66 374 46% 194 rcher-Dan (3). rmourof Il (B; tUCL (18%) tT& S F(19%). 193% tchison pf (5). 102t tIGult & W I.. 361 194 tl Refining (4). 1 aldwin L (7)., 2587% 25! alto & O (6)... 12115 122 alto & Oh pf(4) 791 79 ang & Ar (31%2) 74% ang & Ar pf(7) 109'% 110 arnet Leather. 554 55% % 4 9's 9% 4% T8 109's 110 55 57 95 9 95 9 109t 109% 109 109% 16 16 16 16 est & Co (3).... 50'% 50% 50% ethlehem Steel 62'% 64's 624 64 loomingdale... 41 41 41 41 lmingdle pf(7) 110% 111 110% 111 58 59 658'3 59 244 24% 24 27% 273 57 57 83% 83% 145 145 43% 42 33 334 334 9y 9% 9 2% 21'% 21 59 59 59 eacon Oll. ... otany C Mills A riggs Mfg (3). 1kn-Mn Tr (4). 'y Man T pf(6). rown Shoe (2). runswick B(3) 42 urns Br B (2).. ush Term (b3) ush Ter de (7). 103% 103% 103% 103% Bt 5 B4 53 5 % 9% TN 64 645 641 22% 2 15 0% b5% 59 utterick (g2).. & 8% 641 22% 4 4 4 % 264 264 29 29 181 18% 64 G313 50'3 50's 6% 64 1 29 18% 64 50'% 6% 1810 64 50t 6% 15) & O Corpn (3). 73 s 14 4515 9 15%, 34 17 I 14 4549 454 454 | 9 79 West.. 17% M&StPefs.. 16% 313 914 138 16% 31% 92!3 138 16% 138 110 108'; i10 LAY (32.40). 6 Cop (213) 61 36’3 5814 617 36'y 584 113 51% 'a 61, 1 ity Stores (B). 50'3 503 66 66 oca-Cola (5)... 117% 118 (17 117 Ilins & Aik(n) 9015 90's 90 90! ollins&A pf (7) 104 104% 1037% 10: 7% B0 8% 79V 96% 97 96 967 1% 1% 17 17 354 354 350 350 _ 56% 57 b66'% 57 40% 40% 40% 40% 24% 24's 23% 237 66 67'4 €6 67% 83% 831y 82% 82 106 1 % 'om Solv B (8). ‘onsol Distribut 'onsol Gas (5).. 113 ‘ons Gas pf (5). ‘onRRCuba pf 6 67's onsol Textlle. . uba Company 116 116 209 209 208 208% 167 167% 167 167% 58t% 5814 584 581y I51% 152 151% 152 181 131 131 131 18% 18'; 184 18% 0% 0% 69 70 T Th T 50 60 5i) 300w 295% 248" 1z n2 157 116 BrosCl A 91'a 204 24% 147 0% l's 32 3% 105 ngineers Pub 8 82% 105 BT4 874 62 9 Fairbanks (3)... Fed Lt (h2.40).. 151 200 19% | 13111 111 24 16 Fed Mot T(f80c) 147x id Phoenix (4). 141 First Nat S(11) 24 isk Rubber.... 16 Fisk 1st pf (7)., 83y Fletschmann(3) 61' Foundation (6). 53 Fox Film A (4). 644 Freeport (14%). 787 Gabriel Sn(3%). Gardner Motor.. 1Jevel Tea......, | KressSH (1)... Middle States... | Mo Kan & Tex. . AMontgmry W (4) | Montana Pow(5) 102 | Panhandle, * | Park Utah(80e). | PittsTerm Coal.. | Pr Stl Car pt(7). Inland St (215). Inspiration. .. .. Intcontl Rub(1) Internat Agrl... Int Agricul prior Int Cement (4).. Int Bus Ma (4). Int Com Eng (2) int Harv (36). Int Mteh of(3 Int Mer Marine. Int Mer Mar pf int Nickel (2)... Intl Paper (240) Int Paper pf (7). 10: Int Ry Cent Am. 3614 Int Tel & Tel (6) 141 Int Tel & Telrts 4% Island Creek (4) 611 62 26 6115 19'% 138 10% 1024 102% 367 364 B6% 146 141 U6 5% 4 bW 61 6lla 64 62 62 62 26 26 26 6214 61% 610 5% 56% 5T 24 23 23 24 24 0% 68% L) % Jories Bros Tea., Kels-Haves (2). 24 Kennecott C (5). 6815 KeystoneT& R. ' Kinney pf (8)... 178 Kraft Ch (11%). 57 Kresge (1.20)... Laclede Gas(12) 2 Lago Ofl (3).... . 324 Lambert Co (5). 78'% 79 784 8% Lehigh Val(3%) 109% 109'% :08% 108% Lehn & Fink(3). 36% 36% 36% 36 Life Sav (1.60) 21% 21% 21% Lig&MyrsB(f4). 118 1184 118 Lima Loco (4).. 668 68 66 Lig Carb (3.60).. 49 49% 49 Loew’s Inc (2). 57k 55% bb% 5% 5' 34% 34w 50% 51 39% 39% 15 115 1114 91 146 27'% 23% 234% 25% 25% 874 86 T.oose-Wil(2.60) 51% 5% Lorillard Co.... 39'5 394 Lorillard pf (7). 115 115 Loutsiana O11 11% 92 146 LouisGasA (1.75) 274 Ludlum Steel(2) Mcintyre P (1). McCrory B(1.60) 86 McCrory pf (6). 108 108 103 108 Mack Trucks (6) 100 100 99 99 Mackay (7).. 129 1317% 1208 131 Mackay pf (4).. l's T71% 7l 7% Macy RH (5)... Madison Sq Gar. Magma Cop (3). Mallison & Co. Mandel (234) Man El Sup ( Man Shirt (2). Maracaibo Oil. Market St prior. Marland Oll..... Marlin-Rek 13% Mathieson (4).. 23% 23% 251 87w 48% 48l 519 54 30 30 16 58 377 37% 50% 50% 50 50tx 116'9 1167 116' 1167 231' | Reading (15). Mathieson pf(7) 110t 111 May Dept S (4).. 80'3 804 Taytag (2%)... MetroG pf (1.89) 110% 111 80t 82 Miami Cop (1).. MidContinent(3) 32 2% Mid States Oflct 1% Midland pf(112) 128% 1 Miller Rub (2).. Minn & St Lct.. Min St P & SSM. 1% 31 28 4% N 1IN 128% 131 46% 45 4 4 105% 106'% 105% 5 2 52%41 % 101% % T 102 104 % T4 2% 2% 30 304 248 24% 50 60 48'% 481 23 23 78 ki) Mo K & T pf (6)., 1 Missouri Pacific. 53 ! Missour! Pac pf. 1027 102% 101 3% 3% 104 T 2% Moon Motor-....., Mother L (50e).. Motor Met(3.60) Motor Whi (2).. Mullins Body. Munsingwr (3) Murray Corpn. Nash Mot (t43%) 9% 9% Nat Acme (sta). 5 5% Nat Biscuit 151 13714 134 133% Nat Cash R(A)3 44% 44% 44w 4 Natl Dairy (8).. 66% 67« 66'% 66% Nat Dept Stores 23% 23'% 23 23% Nat Disttllers... 41 41 41 41 Nat Enamel & S. 285 28% 234k 28Y% Nat Lead (6)... 115% 115% 113 1!3% Nat Lead pfA(7) 132 132 132 132 Nat Pw&Lt(80c) 22% 224 22 2 Nat Supply (4).. S84’ 85 847 Nat Surety (10). 246% % 246'% 247% Nat Tea (4). 155 155 N 14% 147 44 44 e 1556% 156V NY C&StL (6). NY Dock. ... NY NH & Hart.. NY NH&Har rts NY Ont & W (1) Y Rallways pf NY Steam pt(6) Norf & W (8) NorAm b10% . Nor Am Ed pf(7) 101 101% 101% North Pac (5)... a 95'9 95 Nor Pac efs(5).. . 34% 12% 894 Opnhm Col (4).. 73'% Orpheum Cir (2) 284 283 Otis Elevator (6) 141'% 141'c 141 Otis Steel....... 9% 9% 9% Owens Bot(Ct5) 78% 79 734 Pac Coast 2d (4) 27 27 Pacific Gas (2).. #8% 39% Pac Tel & Tel (7! 137 Pac Oll Stubs... 1'4 Packard (2.90). 30% Palige Motor... Pan-Am (6). Pan-Am B (8) 92 4 141 9% 79 10 10515 10, Parmt-Fam (§8) 193 ark & Tliford., 39 T 34 07 Pathe Ex A (4).. Patino(1.21 2-3) Peerless Motor. . Penick&Ford(1) Pa DixteCt(3.20) Pa Dix Ct pf(7). Penna RR (3%) Pere Marq (18). Pere Marq pf(5) PhilaCo6%Dpf(3) Phila& RC&1.. Phillp Morrls. .. Phillips Pet (3). Phoenix Hoslery. Pitts Coal.... 25% 9%% 68 134 94'5 52% " 857 134 9415 524 1% 26% 4% 50 604 60% 41 457 1515 1514 i 114 64% 695 AT 88% 13 945 153 115% 0 8814 Pitts& W Va(6) 15 s 64w 87'% Prod & Refiners. .4’y Prophy Br (13). 6% Pub Serv pf (6). 100 Pub Serv NJ (2) 4 Pullman, Ine 7 Pullman Co (8). Pullman ctfs(8) Punta Aleg Sug. Postum (5). Pressed Stl Car. 100 100 100 2 420 4% 4l 5'a 8% 75'5 76 15213 152' 152'4 151% 189% (89% 189% 189% 37% 37% 37% 3T% Gen Am Tnk (3) Gen Asphalt. Gen Asph pf (5). Gen Cigars (4).. Elec (15). .. Elec sp(80c, 12 68% 128% Gen| 1 10T Pure Ol (12).. Purity Bak A(3) Purity Bak B(2). Radlo Corpof A. Radie Cpt (3%) 27 27% 27 27 56% 56% 56% 564 80 8l% 80 84 66 [T 65 65% 53 lgfi' 53 53 Open. High. Uain Reading Ist (2). 41's Real Silk Hos(4) Real Silk pf (7). d Ice Crm(3) Rem-Rand $1.60 Rem-Rd 1st(7). Rep Ir & St (4). Rep1& S pt (7). Reynolds Spngs. Rey Tobac B (5) Robt Rets & Co.. RoyalD(a1.33%) Rossla Ins (6).. Safety Cable (4) St Joseph L(13), St L&San F(18). St L Southwest. 69' 105 7 137% 6% 467 110% 6874 136 64 46'% 109% 1 684 Seab Alr L pf. Seagrave(el.20) Sears-R (n2i4). Seneca Copper. . Shattuck F' G (2) Shell Un (1.40).. Sher-Wil pf (7). Shubert The (5). ). Sloss-Shef (6).. Snider Packg Co Sou Dairles B... So Porto R Sug. . South Por pf(8). South Calif Ed South Dairfes A. South Pac (6)... Southern Ry (7) South Ry pf (5). Spicer Mg, . .0 St G & E(3%). Std G & B pf(4). Std Mill (5)..... Std Millg pt (6). StdOilCal(12% ). Std OILNJ (11%) Std Oil NY(1.60) Std Plate Glass. Sterling Pro(16) Stewart-War (6) Studebaker (5).. Submarine Boat. Superior Oll. Symington. Symington Cl A. Telautogra (60c) Tenn Copper (1) Tex PC&0(60c). Texas Corpn (3) Tex Gulf S t4%. Tex & Pacific, Texas Co (3) Tex Land Trs| Thompson(3.60) Tidew Aso (60e) Timken (15).... Tobac Prod (7). Tobac Prod A (7 Transcont Oil... Un Bag & Paper. Unton Carb (6).% Unlon Oil (12%) Un Pacific (10).. Un Pacific pf(4). Union Tank (5). Utd Cigar Stéres Un Cig St pf(7). United Drug (9) Utd Frult(5%) USCIP&F(10) : U 8 Distributing US Dist pf n(7).. U S Alcohol (5). U'S Leather w 1., U S Leather A. 100 115% 9% 474 1391, 444 189% 83% 110% 35% 83 110t 35% 1047 171 135% 216 19% 9274 65'9 50% S Rub 1st (8). 9 S Smelt (3%). SSmpf (335). SSteel (7).... U S Steel pf (7). Unf Pie 1st pf(8) Uni Pipe (12%). Utl P&Lt A (e2) Vanadium (3)... Vick Chem {4) Victor Tlk Mch. Victor pr pf (7). Va-Caro Chem. . Va-Car Ch 6% p Va-Car Ch pf (7) Va Ir C&C pt(5). Vivadou (3). Vulcan Detin Wabash . Walwor .20) Ward Baking B.. Warner Pic A... Warren Bros(4). Web&Heil pf(7) W Penn El pf(7) West P Po (6).. West P Po pf(7) West Maryland. West Md 2d pf. West Pacific.... WesthseAirB(7) Westinghse (4). Weston Electris Weston A (2) White Mot (4).. White Rock (2). White Sew M(4) White Sew Mach Willys-Overland Willys Od pf (7) Wilson & Co. Wison & Co pf. Woolworth (5) Worthn Pump. Wright Aero (1) Yellow Truck... Yel Tr&Co pf(7) 92 92 85 YungstnS&T(5). 8% “89% 884 Hourly Sales on N. Y. Market. 1lam 592,300 12 noon, 906,300 1p.m.. 1269700 2p.m.. 1,415,080 Dividend rates as given in the above table are the annual cash payments based on latest_quarterly or half yearly declarations. Unless otherwiss nots tra or special divi- dends ars not included. * Unit of tradin fese than 100 shares. + Partly extra 3 Plus 4% o etock. § Pay: able in common stock. 1 Plue 2/60 in ck. aPaid this Vear—no reular rate. b Ten per cent in common atock. paval 214 % quarterly. o Plus 5% 10 stock. d Pi anle “when earned, e Payable in_cash or stock. fPlis 10% in stock. € Plus 1/50 shars (n stock b Plus $1 a share in special Stock 1 Plus 6% in stock. | Plus 24 in y avable’ 1740 of a share quarterly Ciass A stocl %' “mPlus 8% in stock. n Partly stock, o Plus $3 in Oreferred stock stoc} a Plus one-half of common NEW YORK PRODUCE MARKET. NEW YORK, August 22.—State big Boston lettuce sold at 50a75 per crate, and occasionally extra fancy reached 100, while some inferlor stock sold lower. Western iceberg lettuce sold at 0a4.50 per crate. Celery in the rough from Oswego County peddled out at 1.73a2.25 per two-third crate. Orange County of- ferings ranged from 1.75a Mich- igan celery realized from 1.00a1.23. Bushel baskets of cucumbers jobbed t 1.25a2.00 and dills brought 1.30 172 34 439 i 34 3% .75, rious green beans changed 0 per bushel basket. commanded from rom upstate sold chiefly a3.00 per bushel basket. Some ney large, however, realized while poor sold down to 1.50. Western peas worked out from 4.00a 6.00 per crate, . FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Rato—Maturlts y General Electric Co. has distributed supplementary compensation of $1.- 403,723 to 31,436 factory and office em- ployes, who have been with the com- pany five years or more. Payments represent 5 per cent of the employes’ carnings for the first half of 1927 and were made in General Electric Em- ployes Securities Corporation bonds or in cash. & |in | dent AGTIVITY MARKS EXCHANGE TRADING Washington Gas 6s “A” Up to 103 7-8—Bond Trans- actions, Other Features. Trading resumed its activity on the | Washington Stock Exchange today | after a slowing'up late last week, sev- eral blocks of public utilities stocks changing hands at steady prices. Washington Gas 6s A were up to 1037, slightly ever the last prior sale, turning over in the sum of $2,000. The 1 st bond transaction was C. & P. Telephone 5s, $3,000 at 1001; Capital Traction, which was active, sold at from 103% to 104. Potomac Electric preferred 51is went at 102 and 101%. Federal American Co. common sold two Dblocks of 25 shares each at 3415 and 3415, Banliers to Be Represented. Several bankers planning to convention tisers’ Assoc 15, at West B Although th plete, among Washington list is not as vet com those who expect to | make the trip are John Poole, presi- of the Federal-American Na- tional Bank: Robert L. Flather, man ager of the husiness extension depart- ment, American Security & Trust Co.; T. Hunton Leith of Security Savings & Commerce Bank and Eliot Thomson of Washington L Public buying has been generally gatisfactory so far this year, accord- ing to Brookmire Economic Service, Inc. In July the sales of the 14 lead- ing chain stores amounted to $48,784, 000, which represented an increase of 11.5 per cent over July last year. For the year to date the gross sales of these same comjiniek totaled $332,699,- 000, or a gain of 15 per cent over last ¥ These figures, Brookmire points out, seem to indicate that trade is only now beginning to feel the effects of ‘the curtailment in general busi- ness which hegan last March. Sales of the two leading mail order houses held up well in July, showing a gain of 3 per cent over last y against an increase of 3.3 per cent in June, and actus 1ses in the first two months of 1927. This increase is a reflection of the recent improvement in the purchasing position of the farmers. Ordinary Life Insurance Figures. The sales of ordinary life insurance in the United i v of this year totaled $680, figures just issued by the Life In- surance Sales Research Bureau at Hartford, Conn. This is $22,053 lower than sales in Iast July. There have only been two months in the last six s have decreassd October, 192 sales indicate a 3 per cent loss over last July's records. The report in- cludes the production of new paid-for insurance exclusive of re- dividend additions, rom other companie: group insurance, as reported I companies having in force 88 per cent of the total life insurance ontstanding in the United States legal reserve com- panies. July sales of ordinary life insurance in the South Atlantic States are prac- tically identical with those made in the corresponding month of Jast year. Heard in Financial Circles, Elmore P. Burdette, assistant cash ier of the Potomac Savings Bank, has returned from vacation at Blue Ridge Summitt and Braddock Heights. al American National Bank, has re- al American turned from a vacatlon at Mere, Pa., where he spent weeks, . COTTON TRADE UNEASY. Pessimistic Reports From U. S. Reach Manchester. MANCHESTER, England, August 22 (A).—The succession of pessimistic cables which have been coming from the United States regarding the cot- ton crop are making the Lancashire cotton trade somewhat uneasy regard- ing the future outlook. Cotton advanced a farthing (about one-half a cent),a pound toc neces- sitating the adjustment by salesmen on the exchange of their quotations for yarn and cloth accordingly. This caused buyers to exercise the greatest caution and further checked business. o RAW SILK IRREGULAR. NEW YORK, August 22 () silk irregular; prices per pound: 5.15; do. crack double 50; do. grand double 5.70a6.00; do. double extra, 5 Ttalian _ex-classical, 6. Shanghai steams three dancer. ) Canton, double extra A 14-16s, 4.00. several The following table shows the aver- age movement from to week (1) of the wholesale pr 200 rep- resentative commodities (from Dun’s teview) and (2) of the purchasing power of the dollar: Index No. of in ber Purchasing power. of the 1 First_quarter Second quarter . hil | order {and Febr March _average. . Fitst quarter.. Avril_average. el . Se nd week Third week. Foreign Weekly Index. Crump’'s (London Financial Times) index number for England: Tndex No. o f prices in per cent PRES RRECULAR N COTTON AR Steady at Opening, Most| Positions Going Upward. Reaction Follows. NEW YORK, August 22 ().—The cotton market opened steady toda decline of 8 points to an advan, 5 points, most positions being higher nuation of the buying move- h developed last week on overnment's report on boll wee- and other insects in the South. Iarly cables from Liverpool did not fully meet Satur big_advance here, but the n there firmed up as the local market opened, and after the somewhat irregular start Decem- her sold up to 2 higher. Most of the active months showed net advance of 10 to 18 points, making new highs for the season on a sitions except March. further advance was checked by heavy rea and there were re- actions of 25 to 30 points by the end of the first hour. ctions from the early ad- > carried the market off to 20.81 December and 21.00 for Marc ut 25 to 35 points net lowes were uncovered on this by er their executi steadied on cover line of ahout 4 ment th v ve for ak ts from the hi seemed to in some fresh trs house buying. Fluctuations w egular later in the morning, but the | volume of business was smaller and the tone somewhat steadier, with De- cember around 21.04 at midday, within § points of Saturday quotation. LIVERPOOL, August 22 (P).— ton—Spot, moderate demand; prices steady. American strict good middling, 12.07: good middling, 11.75; dling, 10.32: stri good ordin: s, including 3,300 American. No receipts. Futures closed quiet but s 3 tober, 10, December, 10.96; January, 11.00; March, 11.02; May, 11.03; July, 10.96. i NEW ORLEANS NOTES ACTIVITY IN COTTON Record of Past Week Shows Reces- sion, Then Recovery to New High Peak. By the Associated Press, NEW ORLEANS, Augnst 22— Great activity has featured the cot- | ton market during the past week, and | prices, after having dropped to 18.82 | for December at the close just a | v points from the high point of 20.5 eached on Tuesday, August 9, recor ed all the loss during the current week and established a new high rec- ord for the seasor as the week closed at 21.03, or 221 points, above the close of the preceding Saturday. The sharp upturn of the week was due mainly to alarm over the many reports of the spread and activity of the boll weevil. The initial improv ment came with reports of rapid de- terioration in Texas. from which State the reports had until quite re- cently been favorable. Later there were many reports of serious weevil damage in the southern half of the central and eastern portions of the belt. This fear of weevil activity | was added to by the daily siowers reported from the Eastern and Cen- tral belts. The final spurt to the market be- gan Friday, when it was announced that the Government would release another boll weevil report Saturday morning., and prices advanced prac- tically 70 points on that day. . CHICAGO LIVE STOCK MARKET CHICAGO, August 22 (). (United States Department of Agriculture.— I 5,000; uneven, 10 to drag around bulk, desirable, 160 pound averages, 10.. SO ARCUIIIE WAl 60 to 300 pound: & weight butchers, downward to and under; bulk pa 5a8.25; light weights, most pigs, 9.00a9 Cattle—Receipt 's and she common and medium showing maximum decline; kinds both classes scarce; bulls pots higher; vealers, 50c to 1.00 lowe strictly _choice weighty fed 14.65; long yearlings up to 14. alue to sell ; weighty grass westerns up to tockers and feeders steady, up to S§.40; head;” fat at s 13.00 lambs around close; increased sorting consideres fairly active at decline; no range lambs sold; asking 25c lower prices above 14.10 for choi ; good westerns _eligible around 13.75: bulk native lambs with moderate top heavy sorts, 13.35a13.50: tions, 13 ; most out: heavy buck lambs, 11.50a12, weak to 25 lower; fat ewe fow | shee | 6.00a7.00. Crude .0il production in Californi: last week averaged 500 barre; increase of 3,000 barrels over the week before REAL ESTATE LOANS 5, % FRED T. NESBIT 1010 Vermont A: Salo 0392 Dependable Protection By Experts Geo. H. Price Co., Inc. E. H. Deland, Pres. 815 15th St. Main 4793 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and | Trust Company 900 F Street week ago, representing a loss of 164 1‘. 620 17th Street 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 vp. B. F. Saul Co. Main 2100 925 15th St. NW. Money to Loan Secured by first deed of trust on real estate Prevailing _interest and commission. Joseph 1. Weller ‘52,0 E8 1o €. M.-P. MURPHY & CO. Mewmbers New York Steck Ezxchange Sucvessors to JOHN L. EDWARDS & COMPANY A copy of our Fortnightly Review sent on request 1416 1 Street Northwest 52 Broadway, New York Richmond, Va. Buck & Company BROKERS Established 19168 Stocks Bonds Grain Cotton Write or call for weekly mar- ket letter. No Obligations BUCK AND COMPANY Evans_Bldg. 1420 New York Ave. Franklln 7300 Mortgage Money Loaned at Low Interest Rates Feonomie_Conditlons Tyler & Rutherford Loan Correspondent Mutnal Benefit Life 1520 K Street — Main 475 LOANS on RESIDENCES APARTMENT HOUSES BUSINESS PROPERTIES In Washington or Nearby 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 Promot Action First Mortgage Loans Lowest Bates of Interest and Commission Thomas isher & Company, Inc. ot | Funds Available —for— First and Second Trust Mortgages Prompt Attention to All Applications THE COMMERCIAL ATIONAL COMPANY Incorporated N Paid Up Capital, $700,000 Commercial National Bank Bldg. 14th and G Sts. Over a Third of a Century’s Experience Main 2100 B. F. SAUL CO. No Rental Detail —is overlooked in our management of apartments or other property. Our long experience tells us that economies are to be encouraged and even small wastes cut out. Right here, very often, is the secret of satisfactory manage- ment. Let our experience serve YOU. 925 15th St. N.W. for LOANS on INTE App H. L. RUST 1001 15th Street N. APPLICATIONS INVITED IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgom- ery and Prince Georges Count 3% , Md. REST ly to COMPAN LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA Ww. Main 6888 The High Costof Folly T may be a great thrill to spend all of your salary to gratify your passing whims; but when adversity knocks at your door you will find out the high cost of folly. DON'T SPEND IT ALL! And invest a part of your savings in sound securities. In fifty-eight years no investor in the First Mortgage Note offerings of this time- tested organization has ever suffered loss. Our First Mortgages are issued in con- venient denominations of $100 and up- wards. Swartzell, Rheem § Hensey Co. Mortgage Bankers' - T97:15h. Street, LW, WashingtoriDC. 68 Years Without Loss to An Investor