Evening Star Newspaper, August 24, 1927, Page 14

& 14 “FIN PRICE ADVANGES - AGAIN AFEATUE Market Notes Fourth Consec- utive Session Marked by Higher Quotations. BY GEORGE T. HUGHES. Special Dispatch to The 'RE YORK, August et contin- n today not- eonsecutive ses: ancing prices. The cur The Durant interview on Saturday, and although leadership has varied from day to day it has at no time been in- terrupted. Today it was the uti res of independent and the sk motor _com panies that assumed leadership direct- | 1y at the start. Baldwin Locomotive responded to the announcement that operations during September would be from 10 to 1 city by soaring to a new h all time at 261, but speculators in Baldwin have long since ceased to pay any at-| tention to anything but the pom estimate of the value of its real tate. Market Not Uniformly Strong. The market was not uniformly strong. There were weak spots con- fidentially among the but selling in one part did mnot affect tl All a stock had to do was to an upward movement to bring plenty of help in the way of outsic buying, and all it had to do to invite selling was to display weakness. Rea- sons were discovercd for most of the ups and downs of the day, but gen- erally after the event ar performer in the automo- at the highest | vious da bursements to these two were General Mot ss than 2 points below d high. Hud- son was slower in getting under way. ‘There was nothing new to 4 for the strength in the utilities. a case of casting about for a new group with spepulative poss bilities on the up side. The lower priced stocks were relatively more prominent than the seasoned dividend payers. Electric Power & Light went to a new high for the year, with a gain of from 1 to 2 points. North Amer- jcan was very strong and so was Stan- dard Gas & Elec. The shares of the latter’s subsidiary, Philadelphia Co., ran up easily as might have been ex pected from the small floating suppl: American Power & Light, American & Foreign Power, Public Service of New Jersey, Commonwealth Power and P cific Gas & Electric were others in de- mand from time to time. { 0il Selling Concentrated. The selling in the oils concentrated on Pan-American Petroleum “B” still reflecting doubt about the dividend. Other oils were lower, including Stan- dard Oil of California and Producers & Refiners. With new cuts in crude prices income statements of the oil producers are likely to make a sorry showing if they have to take into ac- count inventory losses. Colorado Fuel | & Iron was the weak member in the n and steel class. mRailrond shares came to the front around midday. Rock Island was un- disturbed by declaration of only the regular dividend. Chesapeake & Ohio. Was taken in volume at rapidly rising quotations, notwithstanding the July report, made public today, showed falling off in both gross and net over the same month a year ago. But that was not deemed important. New York Central was in demand and the quiet accumulation in Delaware & Hudson kept up. Prices Firm in Afternoon. Prices were firm in the afternoon. TUnited States Steel was steady around 140, but_not very active. ~Instead General Electric was taken up, chang- ing hands only a point or so under the best for the present shares. In ex- planation for the strength in Packard a consolidation with Chrysler was sug- gested. Wright Aeronautical stond out among the specialties at a new top. FREIGHT LOI-(DlNGS GAIN. Total for Past Week 1,040,280 Cars, Association Reports. By the Associated Press. Revenue freight car loading for the week ending August 13 _was reported today by the American Railway Asso- ciation as totaling 1,049,280 cars, an increase of 25,062 cars above the pre- ceding week, but a decrease of 53,380 cars below the corresponding week st year. hl:oa}dlngn for the week and compar- isons. for the same period last year were given as follows: Miscellaneous freight totaled 400,148 cars, a decrease of 1,511 cars; coal, 171,294, decrease, 21,574; merchandise and less than car- i 59.357, Increase, 1- 508; grain and grain products, 53,489, Gecrense, 3.650; Iive stock, 27,402 de- crease, 3,077; forest products, 68,345, decrease, 3,694; ore, 59,497, decrease, 19,804; coke, 9,748, decrease, 1,548. COMPANY WINS FIGHT. Bpecial Dispatch to The Star. BALTIMORE, August 24.— Exten- lines of the Consoli- tric Co. of Baltimore already tock bsorbing attention dated Gas & El vre de C supplied by another electr was approved by the Public Commission yeste! The Northern Maryland Power Co., which is linked with the Philadelph Electric Co. and the Conowingo inter- ests and has been in Havre de : since 1899, fought for three weeks fore the commission to prevent ap proval of the extension into its ter rito In its order the commission declared that exercise of the franchise granted by Havre de Grace to the pany “is nec and convenient for the public ser ) A suit is now pending in the Har- ford County courts in which the Northern Maryland company is at- tempting to upset the ouster order of the Havre de Grace council. FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.) Nominal Selling checks ol value. Todav. London. pound .....33X665 S48 2 Montrea) - dollar, .10 10 % Berlin Rome. 7 168514 00013 1% 00014 Yy e Wi Stockholm crown NEW YORK eign exchang 24 (®).—For- Quotations Britain—Demand, 485% i 60-day Dbills on nce—Demand, 3.91 Italy—Demand, anks, 13-16; 5.4474; elgium, 13.91 Holland, 3 Swede Sty ; Germany, Norway, ark, 19.27%; Poland, Jugoslavia 1% 1.81%; Mon- 2.96%; Austria, Rumania, Argentina, 42 g Tokio, 47.43%; 100,00, began with | | Am Ship & Com. | Am Typ Fdrs(8) 131t 13 | Chi Gt West pt.. mpany, | Service | | CructhleSteel(6) .{ Cuba Company. , % | Eureka Va ft4% ANCIAL. Open. High. Low Close. AbItIb Pow (5). 106 106% 105% 106% Abrahm&Straus 88'a RS N3l FB4 Abr&Stras7%pf 1134 1134 118% 113% Adams 5xp (6). 168 168 167 167 Adv Rumley. 13% 13% 13w 13% Ahumada Lead.. 4% 5% 4% 4% Air Reductn(16) 1854 191 188 190 Ajax Rubber. X 8 8 8% Albany Papr (2) 22 Allted Chem (6) Allied Cm pf(7). 1 Amerada (2). Am Agricu! C | Am AgriCh pf.. | Am Bank N (2). | Am Bk Not pf(3) {Am Bosch...... Am Br Sh(§1.60) Am Brown Bov. | Am Brown Bo bf AmCan (2)..... 62 | Am Car&Fdy(6) 104 Am Chicle (3).. 6% Am Drug (80c). 13 Am Express (6). 1 Am & For Pow.. 24% 5 4% Am&Fo Po pf(7) 101's 1013 101% 1 Am Hide & Lea. 010 Am Ho P (2.40). American Ice. .. Am Internatl(2) 51% Am Linseed.... 46% Am Locomot (8) 113 Am Loco pf (7). Am Machine (2, Am Metals (3).. Am Piano (3);.. | Am Po & Lt (1) Am Radiator(5) Am Ry Exp (6). Am Seating(14). 1 2415 123% 123% 12 30 30 2% 20% 43% 434 6Ula €0 4 13 24t | 01ty 10 112% 1124 125 126 985 100% | 627 136 46% 45% 46wl 3% 3% 3w 3w Am Smelting (8) 170 171t 169's 170% AmS & R pf(7). 1274 127% 12T% 127% Am Snuff (12).. 128' 1280 128' 128% Am Stl Fdys ( 554 « b5 ¥ | Am Sugar (6)... 91% 924 9lk 9%/ Am Sugar pf (7) 113% 113% 113% 113+ Am Sumatra.... 59'x 60 59% 60 AmTel & Ca(5). 36 36% 3ot 36h | Am Tel & Tel(4) 1694 i69% 1631 169% | Am Tobacco (8). 142t 143% 1421 143 | Am TobaccoB(8) 143 14313 143 1434 Am Tobae pf (6) 1154 1154 115% 115% | 4 131 1314 W 51% 524 2213 214 54 Am W W (m80c) Am Woolen. Am Writ Pactfs Am Wr Pa pfcfs A Z2iC..00uees Anaconda (3 Archer-Dan (3) . Armourot 111(A) Armourof L1l (B, Arnold Con&Co. Art Metl(1%) AsSso Dry Gi23g) 45l 4T% d6's 47w | Asso D G 1st(6). 105 105 105 105 so D G 2d (7). 106'% 106's 106'% 106% AtT& S F(19%). 195 1967 195 196 Atchison pf (5). 103 103 103 103 AUCL (18%).. 196 197' 196 197% At Guif& Wl.. 36% 37% 36% B87% Atl Guif&WI pf. 351y 36l 361 364 Atl Refining (4). 124128 123 Atlas Powder(4) €3 63 Atlas Tack T4 T Austin-Nic 6 %6 g Baldwin L (7)., 261 261 259'¢ 25: Balto & O (6)... 120% 121% 120% 12 Balto& Oh pf(4) 793 391 79'3 79y Bang & Ar (313) 80 80 79% 79% Barnet Leather. 57% 59 574 bi% BarnsdallA(2%) 23% 3% zaw 134 Bayuk Cigars... 95% 96's 954 96% Bayuk 1st pf(7). 109% 109% 109% 109% Beacon Oll:..... 16 16 15% 156% Best&Co (3).... 50% 50% 50% b0% Bethlehem Steel 64% 65 643 65 Beth St1 pf (7).. 115% 115% 115% 115% BonAmiClA(4) 60's 60% 59'a 60% Briggs Mfg (3). 27% T% zTw 274 Bkin-Edison (8) 181 182 181 182 Blkn-Mn Tr (4). 55% 56% 55% b6l By Man T pf(6). 84 84's 84 B4l Bklyn UnGas(5) 145 147% 145 147%! Brown Shoe (2). 44% 45 44 44y Brown Sh pf (7) 120 120% 120% 120% Brunswick B(3) 33% 34 331 33% Buff&Susqa pf(4) 51 61 51 51 Bush Term (b8) 59 59 659 59 Bush Terde (7). 103% 104 104% 104 Butte Cop (50c). 4% 4% 4w 4% Butterick (g2).. 54w 54% 53% 53% Byer&Co...... 73% 179 78% 179 Byer & Copf(7). 111 111 11l 111 Callf Packg(4).. 637 64% 634% 644 Calif Petm (1).. 224 224 21% 21% Calumet & Ar(6) 71% T1% 71 7Ti% Calu & Hecla(2) 16% 164 16 16 Canada Dry (3).. 56's 564 55% 56% Can Pacific (10). 187% 187% 186% 186% Can Pacific rts. . 4 4 4 4 Case Threshg(6) 267% 267% 264 264 Cent Alloy (2).. 29% 29m 29 29 CerrodePas(t5) 66 66' ol 66% Certain-Teed 1) 494 49% 49% 49% Certo Cor (13%) 177% 178 7% 18 Chandler pfis3%) 18% 19% 18% 19% Ches & Ohio(10) 192% 194% 19215 193% C&OCorpn (3). 74 75 4% Ta% Chi & Alton..... 8% 8k 84 Chi & East I11... 45% 45 45 Chi & East 11l pf 9% 8% 79% Chi Great West.. 16% 16 16 “5% 84% 34% 184 18% 18 33 321 32% 17 17w 52 45% I Sl bl 36 261y 26% T Chi Mil & St P.., Chi MII&StP pf. CM&StPecfs C M&StP pt cf; 34 324 Chi & Nwn (4).. 91% % 9% 9% Chi Rock Is (5). 109% 112% 109% 110% Chi Yellow C(4). 384 384 38% 38% Childs ($2.40)... 63 . 6% 63 64% Chile Cop (23%). 36/ 36% 26% 36% Chrysler Corp(3® 59'x 59% 5814 59 Chrysler pf A(8) 113 113' 113 113 Cluett Peab (5). 65% 67'5 65% 67'% Coca-Cola (5)... 11735 118 117% 117% Collins & Atk(n) 90 90 89y 891 Collins&A pf (7) 103% 103% 103 103 Col Fuel & Iron. 77% 178% 76% 77% Col Gas & El (5) 96'; 96% 96 96 Com Cred (1)... 1% 1% Com In Tr pf 6% 89 Com Powr (2%) 59% Conde Nast (2). a1 Congoleum-Nair 28% 23% 23% Cong Cigar (4)., 68'% 68% 68% 68% Con Cigars (7).. 82« 82% 81% 82% Consol Distribut % S TR Consol Gas (5).. 112% 113% 112 112% Cons Gas pf (5). 99 ¢ 98% 98% Consol Textile.. 5% 5% 5% Cont Bakg A(4). 44 44 Cont Baking B.. 5 Cont Can (5). 75'% Cont Insur (6).. 187 Cont Mot (80c).. 11 Corn Prod (13).. 54% Coty Inc (5) X Crex Carpet, 1814 33 23% 554 b4l 54% 9% 9% 9% 18 92 Crucible pf(7).. Cuba Cane Sugar Cuba Cane Su pf 38% 20% Cuban Am S (1), 2 Cuban Dom Sug. Cudahy Pkg (4). 481 “ushman's (84). 118 Cuyamel Fruit., 43 Davison Chem.. 31 Deere&Co pf( 116 Del & Hud (9).. 214% Del L& W (17). 167 Detrott Ed (8).. 151% Devoe & R(2.40) 9% | Devoe&R 15t(7). 109% | Dodze Bros C1a" 1s | Dodge pf (7).... 69% Dome Mines (1). 9 Dunhill Int (4).. 491 Dupont (+3%).., 20815 | Durham Hose | Eastman (18) | Eaton Axle (2). Eisenlohr & Bro. £l AutoLt(16%) Electric Boat. .. Elec Power & Lt 48% 48y 36% 31% 35% 116 116 116 216% 214 215% 168 167 167% 151% 151% 151% 40% 39 394 109% 109% 1091 18% 13 18 70 69% 70 Y 8% 8Y% 49% 49 491 301% 293 300 8% 84 8y 168 163 168 26% 26 264 12% 9414 20% 26% 105 14% T% 10% 2% 920 20% 25% E 105% 105 | 15 14% | 0% T1% 100 10% 72 2% 43 33 K BT% 8% {Erle R R. 614 62% Gl% 61% |Erie1stpf. ..., 61% 62% 62 Erie Stm S(2%) 30% 30% 30% 651 69% 69% | Fairbanks (3)... 39 8% | FairMorse pf(7) 110 4% 99 20% 39 110 Fed Lt (h2.40).. 43% Fed L&T pf (6). | Fed Mot T(f80c) | F1sk Rubber. | Fletschmann " | Foundatlon (5). | Fox Film A (4). | Freeport (1414). Gabriel Sn(3%). Gardner Motor. . Gen Am Tnk (3) 67 4% 55% 10 57% 55% sy 67 THE EVENING STAR. WASHINGTON, D. C. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Gen Asphalt Gen Bakg pf tien Clgurs (4).. Gen Elec (15)... GenkElec sp(6ic) Gen GasA (o1%) Gen G & EI A(8) Gen Gas (B).... GenMotors(t10) Gen Motors(w.1.) Gen Mot vf (7).. Gen Out's 5d(2) Gen Outdr & (4) Gen Ry Sig (5) Gen Refrac (3) Gimbel Bros Glidden Co...... Glidden pr pf(7) Gold Dust...... Goodrich Ru (4) Goodrich pf (7). Goodyear Tire. . Gothin S H (21%) Gotham new 214 Gotham H pf(7) Gould Coupler A Granby (4)..... Grt North pf (5) Gt Nor pf cfs(5) Grt NorO(1%). Great WnSug(n) Green Canan. ... Guantan pf (8).. Gulf Mo & Nor.. Gulf States (5). Hanna 1st pf.... Hrtn B b10% stk Helme Geo (4) .. Hocking Val(10) Hoe & CoA..... Hollander & Son Homestake (17). Houshld P(3%). Houston Oll,... Howe Sound(4). Hud Man (23%). Hudson Mot (5). Hup Mot (1.40). | Illinots Cen (7) Indep O11 (1)... Indian Mot (1%) Indian Refining. Inland St (2%).. Inspiration. ..., InterboroRapTr Intcontl Rub(1) Internat Agri... Int Agricul prior Int Bus Ma (4). Int Cement (4).. Int Cement pf(7) Int Com Eng (2) Int Harv (§6)... Int Mtch pf(3.20 Int Mer Marlne. . Int Mer Mar pf. int Nickel (2).. Inter Nick pf (6) Intl Paper (240) Int Paper pf (7). Int Ry Cent Am. Int Ry CA pf(5) Int Tel & Tel (6) Int Tel & Tel rts Island Creek (4) Jewel Tea...... Jones Bros Tea. Jordan Motor... Kan City South. KayserJ (4) Kelly-Spring. . Kennecott C (). Keystone T & R. Kinney pf (8)... Kraft Ch (113%). Kresge (1.20). Kress S H (1). Lago O11 (3).... Lambert Co (5), Lee Tire & Rub.. Lehn & Fink(3), Life Sav (1.60).. Lig & Myrs(ft4) Lig&MyrsB(f4). Lima Loco (4). Loew's Ino (2) Long Bell A (4). Loose- Wil(2.60) Loose-W 1st (7) Lorillard Co.... Louisiana Ofl LoulsGasA(1.76) Ludlum Steel(2) MeCrory (1.60). McCrory B(1.60) McCrory pf (6). Mack Trucks (8) Mack Trk 2d (7) Mackay (7)..... Mackay pf (4). Madison Sq Gar. gma Cop (3). allison & Co... Mallison pf (7).. Mandel (2%).... Man El Sup (5). Man El m g (45) Man Shirt (2)... Marland Ofl.... Marlin-Rek t3% Martin-Pary(2) Mathieson (4).. May Dept S (4). Maytag (2%)... MetroG pf (1.89) Mexican Seab. .. Miami Cop (1).. MidContinent(3) Middle States. .. Mid States Ofl ct Midland pf(+12) Miller Rub (2) Minn & St L ct.. Min St P & SSM. MStP&SSM 11(4) Mo Kan & Tex. . Mo K & T pt (6). Missour! Pacific. Missour! Pac pf. Montana Pow(5) Montgmzy W(4) Moon Motor. Mother L (50 Motor Met(3.60) Motor Whi (2).., Mullins Body... Mullins B pf (8) Munsingwr (3).. Murray Corpn.. Nash Mot (t4%) NatB Hess pf(7) Nat Biscuit 515 Nat Cash R(A)3 Natl Dairy (3).. Nat Dept Stores Nat Distlllers. .. Nat Distillers pf Nat Lead (5)... Nat Pw&Lt(80c) Nat Supply (4). Nat Surety (10, T NY Docl . NY NH & Hart.. NY NH&Har ris NY Ont& W (1) N Y Rallways pt NY Steam pt(6) NY Stm pf A (1) Norfolk South. . Norf & W (8)... NorAm b10% stk North Am pf(3). Nor Am Ed pf(7) North Pac (§)... Nor Pac cfs(5). Norwalk Tir Of1 Well Sup Omnibus.... Opnhm Col (4).. Otis Elevator (8) Otls Steel. Outlet Co (- Pacific Coast Pac Coast 1st. Pan-Am West B Parmt-Fam (§8) Paramt-F pf (8) Park & Tilford.. Park Utah(80c). Pathe Exchange Pathe Ex A ( Patino(1.21 2-3) Peerl Motor.. Penick&Ford(1) Pa Dix1eCt(3.20) Penna RR (3%) Peoples Gas (8). Pere Mara (18). Phila Co (k4)..0 Phila& RC&1.. £nillp Morr! Open. 129 674 127 High. 68 129 084 130 1% 41 104% 53% 9% 00l 59 231 1014 283 335 841 61% 63l 4 135 65% 151% 135 105 41 27 41% 57 864 181 Low. Close. 67 6T 62% 264 18% 641 59% 22% % % 8 59% 65% 8% 30% 8% 105 36% 214 1184 A 118% 66% 56 34% 51% 119 417% 11% 274 23% Bi% 85 110 101% 105% 119t 8y T8 T 3% 20% 23% 251 65% Low. Close 43 43% 48 48 124 Phillips Pet (3). Phoenix Hoslery. Plerce-Arrow Plerce Oil pf. Pierce Petrolm Pitts Coal...... PittsTerm Coal. Pitts & WV Va(6) PorRicoTobA (7) Porto Rico To B Postum (5)..... Pressed Stl Car. Pr Stl Car pf(7). Prod & Refiners. Pub Serv NJ (2) Pub S NJ pf(8). Pullman, Ine. ... PullmanCo (8). Pullman ctfs(8) Punta Aleg Sug. Pure 01l (12).., Purity Bak A(3) Pyrity Bak B(2) Radto Corpof A. Radlo C pf (315) Reading (15)... Reading 2d (2).. Real Silk Hos(4) Real Silk pf (7). Reld Ice Crm(3) Rem-Rand 11.60 Rem-Rd 1st(7). Rep Ir & Stl (4). Reynolds Spngs. Rey Tobac B (5) Rossla Ins (6).. RoyalD(a1.33%) Safety Cable (4) St Joseph L(13). St L&San F(18), St L Southwest. Schulte (3%) Seab Alr L pf Seagrave(e Sears-R (n2% Seneca Copper. . Shattuck F G (2) Shell Un (1.40).. Shubert The (5. Simmons (2). Simmons pf (7). Simms Pete. Sinclair Ofl Stnclair pf (8).. Skelly O1l (2) Sloss-Shef (6). . Snider Packg Co Snider Pkg pf. .. So Porto R Sug South Por pf(8) South Calif Ed. South Dairfes A. Sou Dairles B South Pac (6)... Southern Ry (1) South Ry pf (5). Splicer Mfg..... StdG&E(3%). Std G & E pf(4). Std Mill (5).. Std Millg pt (6). StdOlICal(t28). Std OILNJ (11%) Std O NY(1.60) Sterling Pro(16) Stewart-War (6) Studebaker (5).. Submarine Boat. SunOfl (11).... Superior Oll.... Telautogra (60c) Tenn Copper (1) Texas Corpn (3) TexGultSt4%. 66 Tex & Pacific... »7 Tex PC&O160c). 14 Tex Land Trust. 300 Tex Land Trst n The Falir (2.40). Third Avenue Tidew Aso (60e) Timken (15).... Tobac Prod (7). Tobac Prod A ( Transcont Oil Underwood (4). Un Bag & Paper. Union Carb (6).. Union Oil (t214) Un Pacific (10). Un Pacific pf(4) Utd Cigar Stores 1Un Cig St pt(7). UtdDrg 1st(3%) Utd Fruit(5%) USC1P&F(10) 2 USCIPDf (7). U § Distributing US Dist pfn(7). S Hoftman (4) S Alcohol (5). s s 0) ). 3ty 131 664 52% 5% 324 4 14'5 9 49% 67% 8Tl 14% 49% 13% 000 3000 29% 30% 33 Leather w1 S Leather A 674 8 9% 8 951 8 43 50% 139% 1394 13515 135% 28 4 Rub 1st Smelt (3% USSmpf(3%). 50% U S Steel (7).... 139% U S Steel pf (7). 135% Uni Pipe (123%). 25% Utah Copper (6) 124 Ut P&Lt A (e2) 31 Vanadium (3)... 54% Van Raalt 1st(7) 49% Vick Chem i4).. Victor Tlk Mch. Victor cv pf (6). Victor pr pf (7). Va-Caro Chem. . Va-Car Ch 6% p3 Vivadou (3).... Vivaudou pf (7) 101 Vulean Detin... 47 Vulc Det pf (7). 114% Vulcan Detin(A) 28 Vulcan Det pfA. 83% Wabash........ 66% | Wabash pf A(5). Waldorf (1%).. Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner-Quin(2) Warner Pic A. .. WarF&Pipe Cor. Warren Bros(4). Web & Heil..... Web&Hell pf(7) W Penn 131 pf(7) West Maryland. West Md 2d pf. ., West Pacific. ... West Pac pf (6). West Unlon (8). WesthseAIrB(7) Westinghse (4). Weston Electrie Weston A (2)... White Eagle (2) White Mot (4).. White Roek (2). White Sew M(4) White Sew Mach Willys-Overland Willys Od pf (1) Wilson & Co. Wison & Co pf.. Wilson Co pf A.. Woolworth (5) Worthn Purap. .. Wright Aero (1) Wrigley (13%). Yale&Towne(5). Yellow Truck. .. Yel Tr&Co pf(7) B88% 86l YungstnS&T(5) . 89 8% Hourly Sales on N. Y. Market. .m.. 512,800 12 noon. 929,500 1p.m.. 1212900 2p.m.. 1,494,500 Dividend rates as given In the above table are the annual cash vavments based on the latest auarterly or half vearlv declaration Unless otherwiss noted extre or svecial divi- dends are not included, ! trading fese than 100 ehares. tra & Plus 4% 1 stock. § Pay- in common stock ~ ¥ Plus 2 aPaid thie vear—no reeui o u u u u U u u u ). a 53% 494 564 3419 88 96'4 13'% 4l 291 101 101 42 464 114% 114% 28 304 88% 90 6514 Y3k 20 19% % 2% 1024% 110% 54% 55 364 66 16415 186 B3% 13 s T2 T2l 10235 1023 110% 111 52% 53 55 654 3% 36% 65 66 164 164 185% 1864 4 32% 83% 31% Ten per cent in cor 2% % auarterly able when earned tPlus | € Plus lus $1 a ahare (n special 1 Plus 6% in stock. | Plus 2% in |k Pavable 1740 of a share auarterly in_Class A stock, m Plus in_stock. a0 Partly stock. p Plus $3 in preferred stock’ a Plus ona-hal? of common stock. . METAL QUOTATIONS. LONDON, August 24 (®).—Stand; copper, spof, £54 17s 6d; futures, 5s; electrolytic copper, spot, £61 futures, £62 5s; tin, spot, £392 2s 6 futures, £286 12s 6d; lead, spot, 15s; futures, £23 2s 6d; zinc, spot, £ 178 6d; futures, £27 158. ER—— Trade Balance Favors Canada. OTTAWA, Ontario, August 24 (P).— 151% 1511 1511 | Authough not as higin as in ths three 135% 108'% 105 414 27 1 135 40% 27 414 27 + vreceding years, a favorable “visible" 1081 balance of trade for the 12 months | NEW HIGH SCORED ON LOGAL CHANGE American Security & Trust Reaches 450, First Time in Its History. American Security & Trust Co. stock soared to a new high today on| the Washington Stock Exchange, providing the feature by reaching 450 for the first time in its history. This was a gain of 7 points over yesterday's sale at 443, and con- Stituted an increase of 54 points over the first sale this month, which was on August 5. Officials of the trust company professed ignorance as to the reasons for the rapid increase in the stock, which has been in demand on a climbing market. The demand, they said, coming from sources outside the organization, of which officials had no knowledge. Sold in Four Blocks. Sales today of American Security & Trust were in four blocks, starting at 10 shares at 4471;. The second lot of 10 shares went at 448, the third of 10, at 448% and the last sale, of five, jumped the price to the new high of 450. On August 1 the stock was listed on the local exchange as 394 bid and 396 asked, but the first sale of the month came on Friday, August 5, with two blocks, of 10 and 20 shares, going at 396. Other Issues in Demand. Barber & Ross 61:s were in demand again today on the exchange, $2,000 ict N ares at 240, and Continental Trust Co. in 10 shares at 117. Public utlities were steady. Australian Loan Snapped Up. The eagerness with which the $40,- 000,000 Commonwealth of Australia external loan of 1027 80-year 5 per cent ‘gold bonds was snapped up on the market this morning was charac- terized by local investment houses as indicative of easy money conditions generally prevailing at the present time. The Australia 5s of 1955 have been a favorite with investors, espe- cially banks and corporations, on ac- count of the excellent market, and the early and heavy oversubscription to- day proved no surprise. Among the houses participating in the syndicate offering the issue were the local branch of the National City Co. and Crane, Parris & Co. C. & 0. Showing Discussed. Gross revenues of the Chesapeake & Ohio Railway Co., including the Sewell Valley Railway, for the month of July, it was announced toda; were $10,996,032, a decrease of $825, 010 over July of last year. Operat- ing expenses were $7,362,335, a de- crease of $300,330 as compared with July of last year; met railway oper- ating income, $3,095,914, a decrease of $502,458 over July of last year. The net income after all charges for the month of July, 1927, was $2,462,- 29, a decrease of $419,592 over July of last year. The operating ratio was 67 per cent, compared with 64.8 per cent for July of last year, or an increase of 2.2 per cent. For the seven months ended July 31, 1927, the Chesapeake & Ohio Rail- way Co. shows gross revenues of $77,975,329, an increase of $3,900,795. Outlook Considered Bright. Barron's Iinancial Weekly con- siders the outlook for the railroads still bright, despite recent slumps in gross income. “If railroad mnet is not to equal 1926,” predicts the business weekly, “it at least is not likely to fall below the figures of 1925, the first year after the war in ich they equaled the best pre-war record. Just as ex- traordinary Midsummer activity last §ear was followed by a marked in- dustrial slump in November and De- cember, so is it entirely reasonable to expect a strong last quarter to succeed the considerable depression of this month and last. Personal Notes. Frederick P. H. Siddons of the American Security & Trust Co. left today for an automobile tour in New Jerse: O. H. P. Johnson, vice president of the National Metropolitan Bank, is on vacation at his Summer home at Port Hope, Ont. Francis G. Addison, jr., of the Se- curity Savings & Commercial Bank has returned from vacation at Cape May, N. J. Oscar Coolican, manager of G. M. P. Murphy & Co., will return Friday from the Province of Quebec, where he has been on two weeks' vacation. Richard W. Hinson, manager of the National City Co. house in this city, is a vacation visitor of the Aev. Ze Barney T. Phillips, rector of Epiphany Episcopal Church, at the latter’s Sum- mer home on Cape Cod. CHICAGO GRAIN MARKET. CHICAGO, August 24 (#).—Wheat displayed a heavy undertone today and final prices were near the bottom for the day. More favorable weather conditions in the Canadian Northwest, with a further rise in temperatures predicted, was the chief bearish influ- ence. Little support was forthcoming at any time, while liquidation and loss selling was much in evidence. Corn also attained its lowest levels in the late trading. The close was ak, with wheat at a net loss of 3%c to 4ljc.; corn was 1%c to 2%c down; oats declined Sc to 1c and provisions varied from 7c to 15¢ gains. More favorable weather conditions in the Canadian Northwest has acted as an impetus to harvesting, which had become general in many sections. With about 10 days of good weather the crop will be larger than last year, regardless of frost, rust and other drawbacks, according to one author- ity. This is especially trie in the Saskatchewan district, where it is said that wheat has an extra heavy stand, although some fields in the northern secton have suffered from frost. Advices regarding the thgee prairie provinces were also more encourag- ing. After deducting present indica- tions of frost damage, it was said the vield will be 372,000,000 bushels. From Alberta came word that wheat is in perfect condition, the crop in south- ern Alberta being the best in years. Prospects for corn, especially east of the Mississippi River, appear to be growing worse rather than better, ac- cording to word from an expert in that territory. He said that with con- tinued cool weather it is becoming ap- parent that frosts on average dates will do an immense amount of dam- age. At noon wheat was 1% to 13 cents down, corn % to 1 cent off, oats 14 to 3% cent lower and provisions firm. WHEAT— Low. September 1 461 December . 4 Rute—Matu AUGUST 24, 1927. RECEIPTS MOUNT IN LOCAL MARKET Recent Rains Aid in Increas-v ing Products—Fruits and ] Vegetables Slightly Lower. Occasional rains the two weeks have been of much tance to growing crops of truckers f'md nearby farmers, increasing receipts in the local market and lowering prices of fruits and vegetables A bumper crop of tomatoes is one result of the improved iweather con- ditions, the crop being so large that prices have been forced to a point where growers, it is reported, have actually lost money. Canneries in Maryland and Vir- ginia are consuming much of the crops of tomatoes, prices, it is re- ported, being much lower than usual. Dealers are advising hou: es to do their canning and catsup making while the vegetable is cheap, not knowing what may happen to the late crop. Beets and carrots also are very plentiful at reduced prices, selling as low as 2 cents a bunch—less than what it costs to grow and gather them. New York, Colorado and Cali- fornia_growers are supplying liberal quantities of lettuce to local dealers. and a moderate demand has resulted in a weaker market. Today's Wholesale Prices. Butter—Fresh, 1-pound prints, 46;_tub, 43a4d; store packed, 29. Eggs—Fresh, selected, 34a3 nery, 38a40; current receipts, 30a3 Poultry, alive—Turkeys, hens, 25; toms, 25; fowls, 22a23; Spring chick: ens, large, 30; medium, 26a27; small, 26; roosters, 15a16; ducks, 16; keats, young, 50a60; old, 35: Dressed—Turkeys, 28a30; chickens, 35a38; capons, fane 39a40; smaller, 35; ducks, 30 young, 80a90. Meats, fresh killed—Beef, 18a20; | veal, 26a28; lambs, 28a30; fresh hams 24a25; shoulders, 17a18; loins, 35236 smoked hams, 36; smoked shoulders, 18. Live stock—Calvef, choice, ,15; me- | dium, 12a13; thin, 8a9; $pring lambs, 13a13%. Fruits and Vegetables. { Report on fruits and vegetables, | compiled by the Market News Service | Bureau of Agricultural Economics: | Cantaloupes—Supplies heavy; de- mand moderate, market weak; Dela- ware and Eastern Shore, Maryland, pink and green meats, standards, 36s. 1.00a1.25; mostly around 1.00; jumbos, 36s, 1.25a1.50; extra jumbos, 45s, 1.50a 1.75; few higher. Green peas—Supplies light; demand moderate, market firm; Colorado, 45-1b. crates, 5.50a6.00; poorer low as 4.50. Lettuce—Supplies of Eastern stock | liberal; demand moderate, market | weaker; New York, 2-dozen crates, Big | Boston type, 75a85; few higher; sup- plies of Western stock moderate; de- mand moderate; market slightly weak- er; Colorado, crates, iceberg type, 4-5 dozen, considerable ordinary quality and condition, leafy, 0a3.50; fornia, crates, iceberg type, 4-5 4.0024.50; few higher. Onions—Supplies light; demand mod- erate, market about steady; Massa- chusetts, 100-pound sacks Yellows, U. 8. No. 1, 2.50a2.65. Fruit Supplies. Peaches—Supplies liberal; demand moderate, market weaker; Virginia, bushel baskets, Elbertas, large to very large size, best, 5a2.50; some fair quality, some medium size, 1.50a2.00; sixes, Elbertas, large to very large size, best, 2.00a2.25; fair quality and condition, some medium size, 1.50a1.75; New Jersey, bushel baskets, Belles, large size, fair quality, 1.50a1.75; Dela- ware, bushel baskets, Belles, medium to large size, fair to ordinary quality, 1.00a1.25, Pears—Supplies light; demand light, market dull, few sales; California, boxes, Bartletts, medium to large size, 4.00a4.50, Potatoes—Supplies light; demand moderate, market about steady; New Jeresy, 150 pound sacks, cobbiers, U. 8. No. 1, 3.10a; few low as 3.00; Maryand, East Shore, cloth-top stave barrel, cobblers, U. S. No. 1, 3.25a3.50. Demand Light, Market Weaker. Sweet Potatoes—Supplies moderate; demand light, market weaker; North Carolina and Virginia Norfolk section, cloth-top barrel, yellows, 3.00a3.25, few 3.50; old stock, Tennessee, bushel hampers Naney Halls, No. 1, 1.25a1.50. Watermelons—Supplies light; de- mand moderate, market about steady. No carlot sales. No early jobbing sales reported. Tomatoes—Supplies moderate; de- mand moderate, market fir home- grown ;-bushel hampers, 50a60, few high as 75. Lima Beans—Supplies moderate; de- mand moderate, market about steady; East Shore Maryland, bushel hampers, 2.00a2 few 2.50. DROP IN NET REVENUE OF UNITED RAILWAYS Corporation Controlling Trolley System in Baltimore Reports Heavy July Decrease. Special Dispatch to The Star. BALTIMORE, August 24.— Con- tinued drop in hoth gross and net in. come of the United Railways & Elec- tric Co., which controls the trolley system of Baltimore, was shown in a statement filed with the Public Service Commission of Maryland yes. terday. The report shows a decrease in revenue passengers for July of 749,810 compared with the corresponding month last year. The decrease is at. tributed principally to the increasing use of automobiles, Gross revenue for the month de- creased $59,846.15, or 4.49 per cent, while net fell off $35,541.75, or 47.95 per cent. The statement brought out the fact that July was the sixth of the seven months to show a down- | ward trend in traffic. The shrinkage in revenue pas- sengers for the seven-month period compared with 1926 was 3,113,818, or 2.37 per cent. The United Railways is seeking per- mission of the Public Service Com. mission to charge a flat 10-cent fare in place of the 71 cent rate now in existence. The case will be heard by the com- mission next month, FREIGHT .!SSUE UP. Baltimore Shares in Fight Over Differentials Before I. C. C. Special Dispatch to The Star. BALTIMORE, August 24.—The com- mittee of eight which will direct the fight before the United States Ship- ping Board against attacks on freight differentials which favor Baltimore, Philadelphia and Norfolk and other ports over New York and Boston, has been appointed by G. H. Pouder, direc- tor of the export and import bureau of the Baltimore Association of Com- merce. Members of the committee include: G. Stewart Henderson, Baltimore Chamber of Commerce; W. A. Cox, director of the port of Norfolk: H. J. Wagner, Norfolk-Portsmouth Freight Traffic Commission; W. D. Dimmitt, Norfolk & Western; R. C. Creager, Chesopeake & Ohlo Railroad; W. S, Burton, Western Maryland Railroad, past 44a Spring Tt ¥, ; keats, D! ended July 1 has been reported for ifi Canada by the Bureau of Statistics. and G. 8. Wise, Canton Railroad. Pouder will serve as chairman of the committee. 1 FINANCIAL. Money to Loan Secured by first dued Prevailing interest. and ommi Joseph 1. 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