Evening Star Newspaper, August 27, 1927, Page 10

]0_:!d FIN ANCIAL HIGH MARK SCORED BY OLD FAVORITES Market Also Registers Se- vere Onslaught on OQils. Rails Dull and Irregular. | Open. Abitib! Pow (). 104% 104'x 104 7 81 Abrahm&Straus &7 87 Adv Rumley pf. 37 37 Ahumada Lead.. 5'% 5% Ajax Rubber. ] N Alaska Juneau 1'% AL Allted Chem (6). 155% 1573 1551 155 10915 109%y Allis Chalm (6). | Amerada (2). | Am Agricul CI Am Bank N (2). { Am Bosch...... | Am Br Sh(41.60) " 43'% T. HUGHES. 'Am Brown Bov. 6'a Speelal Dispatch to The Star. Am Brown Bo pf 40% 5 et o |AmCan2)..... 61% NEW YORK. C'C | Am Can pf (7).. 133 were two fe on } Am Car&Fdy(6) 1 Stock 1 v. One was|AmC& F pf (7). 130 1350 hide up to new high points | AmChicle (3).. 581z 5813 58% the old favorites, General Am Drug (80¢). 13% 13's 13% 1 and General Electric, | Am Encau (2.40) 454 45k 45% was i Savage i es, carr) some of new lows the year weakening the entire list h in the leaders was | nspicuous in the first hour k the oils came in the half of the session. Thel 1 so severe | % market. | ak spot was Delaware & that it W which was dswn more than at' 2 Motors at 250 Mark wched 1l L point 6 showed me of way a response new pents. The stocks were run- on the momentum gained in previous s e time e e W it must so con- | recent Chrysler wa dependent motor ¢ at the highest since th ing appeared in some of also sciling | lit-up. Buy, 5 cessory shares. Eaton American _Bosch M Rubber, It would seem that these motor car equipment con- cerns should shave the prospe v of the industry. but so far their stocks have done little The rails were dull and irregularly lower. Atchison was not disturbed by the unfavorable July earnings state- nt. which came out today, and | ruled unc . but Atchison can af- nt _income re- and, Baltimore ford to to the demand for the | of the railroad stocks, either the divi dend pavers or the low-priced ones. New Haven came nearer to hel exception than any of the rest. Oil shares acted badly. Pan: fcan Petroleum “B” went to 1 low. Phillips was heavil and Producers & Refiners’ was low. er. So was Standard Oil of California. Of the independent steel stocks Beth- lehem was heavy, reflecting the opinion that dividend resumption was likely to be postponed pending recov- ery in the steel trade. The spectacular performer of ¥ Vulcan Detin- ning, seemed to have lost its attrac: tion following a statement that there was no good reason for the violent fluctuatio) Unsettled at Close. The was unsettled, General Electric maintained its early gain, but General Motors/ did not. There was no rally in the oils, which were selling around the lows at the end. The spec- | tacular break in Delaware & Hudson | was without explanation in the news. There were only a few trades in the stocks, but the market was very thin ¢ down. Steel was up close to its high and there was a slight rally in Bethlehem. On the cther hand, 2aldwin was lower and the mysterious | Vulcan Detinning came down over 10 pdints. on the wi Markets at a Glance ] NEW Stock ir Moto and General Electric at record | highs, | Bends quiet: convertible issues é: | ; Italian lira | under pressure. tton® strong; trade alarmed over | D prospects. i Sugan id coffee, holiday. i CHICAGO—\Wheat, ez sed | foreign b Corn, small | h demand. Cattle, st Hosgs, | higher. | | Am Express (6). 1 | Am&Fo Po pf(7) | Arnold Con&Co. | Atl Gulf&WI pf. | Best & Co (3). 24t 2% 24% 104% 10 Am & For Pow.. Am Hide & L pf. Am Ho P (2.40). American Ice. .. Am Internatl(2) Am La France.. 1 High. Low Close 04 87 87 297 1 30 581y )t 160% 1607 160% 2418 Am Linseed 50t B0 4% Am Linseed pf.. Ti% T T4l Am Locomot (8) 111 111t 110% 110% Am Machine (2) 106 103 Am Metals (3).. Am Piano (3)... Am Po & Lt (1) Am Radiator(5) Am Ry Exp (6). Am Seating(14). 103 66 136 100% 100 4519 45 Am Smelting (8) 170% 1 Am Stl Fdys (3) 57 56% Am Sugar (5)... 90'a 914 907 €0 Am Sumatra. 594 Am Tel & Tel(9 Am Tobacco (8). Am TobaccoB (8) Am W W (m80c) Am WW (c1.60) Am Woolen. Am Woolen pt.. Am Writ Pa ctfs Am Wr Pa pf cfs Anaconda (3)... Armourof I11(A) Armourof 11l (B; 144 14 144 14 Asso Dry G(2%) AtT& SF(19%). AUCL (i8%) AUGuIf & WI., Atl Refining (4). Atlas Powder(4) 65 65 Atlas Pow pf (6) 102 102 Baldwin L (7)., 258 2 Balito & O (6). 120 Barnet Leather. 56 BarnsdallA (23%) Barnsdall B(2%° Beacon Oil 5 228, Bethlehem Ste Beth St1 pf (7).. 115% 115% 115% Bon AmiCl A(4) 64'a 66'2 6413 Booth Fisherfes. 6% 6% 6% Briggs Mfz (3).. 27 28 27% RIkn-Mn Tr (4). 55! 551 55'% | Brown Shoe (2). 4413 441 41% Brunswick B(3) 33% 337 387% Bush Term (b§) 594 591y 59 Butte&Super(2) 8% 8% 8% Butterick (g2).. [3l b3 52% Byer & Co. T5% 6% 75l Byer & Copf(7). 111 111 111 By-Products (2) 75 75 15 Calif Packg(4).. 63 63 63 Calif Petm (1).. 21% 1% 21% Calumet & Ar(6) 7213 T2 72l Calu & Heela(2) 16% 16% 16% Canada Dry (3).. 5613 57'a 56! Can Pacifle (10). 186% 186% 185 Can Pacific rts. 4% % 4% Cent Alloy (2) 28 28k 28 Century Rib M., 11l 11'3 11's Cerro dePas(t5 6174 617 4% Certain-Teed '4) 49% 49% 49% Certo Cor (13%) 76 1764 75 Chandler pf(i3%) 20% 20% 20% Ches & Ohio(10) WOOL IN FAIR DEMAND. | t ne | BOSTON, Augu (Special).—F and fine medium wools of both fle and territory sorts were in better in- «quiry today in the Boston wool mar-| ket.” Low-grade fleece wools also showed improvement. Strength in foreign markets is sustaining domestic | wool prices. Fir ritory was quoted | t 1.16al.12 clean basis, French combi 1.oba half blood at 1.09, three-cighths blood at 90292, and S0a82. Ohio | Guot 45a46 blo thre hths blood 5, and quarter blood at 4iaid CHICAGO STOCK MARK! ET. By Special Leased Wire to The CHICAGO, August 27 i a report of today's sale 0 Narl R o Nt st 100 X'V 1N W 0 Pine 00 RS M 100 Reo Mot 3000 Sang K00 Seare-R Sh W Swift & Co S0 Swift Thtl 0 Un Lt & ¥ 1 1 Wintert Oats 2! a3 TN | Elec Power & Lt s 26 + | Klec P&LE pP(T) 104% 104% Clec Refrigeratn 11 14% F) Stze Bat (18) 69% 69°% 51k Horn....... 10% 1 | Fureka Va f+4% C&OCorpn (3). 6% 76% T75% Chi& Alton..... &4 Rk 8% Chi& Altonpf.. 14 14 14 Chi& EastIlipf. 79% 79% 79% Chi Great West., 15% 15% 15% Chi Gt West pf.. 33% 33% 32 ChiMII&StP.. 16% 16% 16% Chi MIRSIP pf.. 31% 32% 31% CM&StPefs.., 16% 16% 16% CM&StPpfefs. 31% 31% 31% Ch!& Nwn (4).. 90% 90% 90% Chi Rock Is (5). 110 110 109% CRI&Popf (6). 101% 101% 101% CRI&PDE (7). 108% 108% 105% Childs (32.40)... 61% 6l% 61% ChileCop (23%). 36% 36% 36% Christie B (1.20) 56% 564 56% Chrysler Corp(3' 60% 61% 60% Chrysler pf A(8) 114% 114% 1143 City Stores (B) 49% 49t Collins & Aik(r) 87 88 Col Fuel & Iron. 77% 7% CQlGas & E (5) 95 954 Com Cred (1)... 17% 17% *om Credpf6% 76 76 Com Solv n(8).. 190t 192 Com Solv B (8). 37-% 379 Com Powr (214) 58% fRig Conde Nast (2). 40% 40'% Congoleum-Nair 24% 24% Cong Clgar (4).. 68 68 Con Clgars (7)., 81% 8% Consol Gas (5).. 1124 112% | Cons Gas of (5). 99 9% Consol Texttle.. 5% 5% Cont Bakg A(4). 43's 431 Cont Bak pf (8). K915 8915 Cont Can (5).... T4 71 Cont Mot (80¢).. 10% 11 Corn Prod (t3).. 54%x 5% Coty Ine (5).... 91 91% Crex Carpet. . - CrucihleSteel(§) 89% 89% 89 | Cuba Company.. 204 201, 20% Cuban Dom Suge 14% 14% 14% Cudahy Pkg (4). 48% 48% 48% Davison Chem.. 7 aT% 36'% Deere&Copf(7). 116 116 116 Del & Hud (9).. 206 20611 205 DRG Wstpf... 59% 59% 59% Dodze BrosCI A 17% 17% Dodge pf (7).... €9 €9 Dome Mines (1). 7 % o Th Dunhill Int (4). 49% 49% 49% Dupont (t9%).. 303% 206% 303% Fastman (8)... 168 168 163 Saton Axle (2).. 267 26% Fl AutoLt(t8%) 94% Slectric Boat... 2K k Horn pf. ‘0 d John (5)... Engineers Pub S Engnrs PS pf(7) Erie R R Srie 1st pf... Erfe Stm S(21) Fed Lt (h2.40).. Fed Min pf (7).. Fed Mot T(f80c) Flelschmann(3) Foundation (5). Fox Film A (4). Freeport (14%). Gabriel Sn(3%). (3ardner Motor.. Geri Am Tok (3) ien Asphalt. ... Gen Asph pf (5) rien Elec (15)... nilec sp(60c) n GasA(ol%) 424 424 nMotors(t10) 249% 2504 Motors(w.1.) 126% Gen Mot pf (7). 1243 124's Gen Outdr Ad(2) 49% 49% GenOutdr A (4) 574 I8 107 ¢ 1075 131138 1% 1% | Gliaden Co. | 3oodrich Ru (4) Goodrich pf (7). Goodyear Tire. . Sothm S H (214) Jotham new 2% jould Coupler A Granby (4). irt North pf (5) Gt Nor pf cfs(5) Grt Nor O(1%). | Grt Wes S(2.80) | sreen Canan.. | fuantanamo. firtn B b10%stk " | Hoe & CoA..... 87 toilander & Son 35 5 Houshld P(3%). 62 62 - VHouston O1l.... 133% 1334 130 Howe Sound(4). 40% 40% 40 106 43 136 001y 10 9'a 16878 16874 144 41 2 5 25 119% 119% 6 50% 637 11 6 2 5! 4 3 5% 6 6% T 415 3% 59 5 11 8% ik il 1 % 6. 3 214% 7 1 24 % 7 1857 4 284 1% 64% 4 9% 5 2 195% 195% 195% 195! 1 015 5% 8% 4 9% 1 5% 321 1 6% 32 1 6y 3% 9 1 0% 0 101% 10 6 3 8% 1% 6% 56% [ 1 4 3 £8 0% 1% 914 6% 168 29y 39% 99% | Supertor Ol 074 25 40 56 84 22 40 4| Mother L (50e) THE EVENING Hudson Mot (3). Hup Mot (1.40). Itlinots Cen (7). Ingersoll-R(14). Inspliration..... Int Agricul prior Int Bus Ma (4). Int Cement (4).. Int Com Eng (2) Int Harv (§6). [nt Mteh pf(3 20 Int Mer Mar pf.. int Nickel (2)... Intl Paper (240) Ing Paper pf (7) Int Ry CA pf(5) Int Tel & Tel (6) Int Tel & Tel rts Intertye (11%). [sland Creek (4) Jewel Tea. .. Jordan Motor. Kan City South. Kayser J (4). Kelly-Spring... Keily Tire 6% pf Kelly Tire 8% pf Kennecott C (5)., Keystone T & R. Kinney pf (8)... KraftCh (11%). Kresge (1.20). KressS H (1), Lacede G pf(5). Lago 01l (3). Lambert Co (5). Lee Tire & Rub. Lehtgh Val(31) Lehn & Fink(3). L1g&MyrsB(f4). Lima Loco (4).. Liq Carb (3.60).. Loew's Inc (2). Loft. . Long Bell A (4). Loose-Wil(2.60) Lorillard Co. ... Louisiana 011 LoulsGasA (1.75) Louts & Nash(7) Mack Trucks (6) Macy R H (5)... Madison Sq Gar. Magma Cop (3). { Mallison pf (7). Mullins B pf (8) Mandel (234).... Man EIlSup (6). Man Shirt (2)... Market St prior. Marland Otl Marlin-Rek 3% Mathieson pf{7) May Dept S (4) Maytag (2%) Miami Cop (1).. MidContinent(3) Middle States. .. Midland pf(t12) Miller Rub (2).. Minn & St Louls. Mo Kan& Tex.. MoK & T pf (6). Missouri Pacific. Missour! Pac pf. Montgmry W(4), Moon Motor..... Motor Met(3.60) Motor Whi (2).. Mullins Body. Munsingwr (3) Murray Corpn Nash Mot (t4%) Nat Biscult 1513 Nat Cash R(A)3 Natl Dairy (3).. Nat Dept Stores. Nat D St 1st (7). Nat Distillers. .. Nat Enamel & S. Nat Enam pf (7) Nat Lead (5)... Nat Pw&Lt(80c) Nat Surety (10). Nat Tea (4) Nevada C(1% N Y Cent (8). N Y Central rts. NY C&StL (6).. NY Dock. NY NH & Hart. NY NH&Har rs. NY Ont & W (1) Norf & W (8)... NorAm b10% stk North Pac (5) Nor Pac efs(5). Northwn Tel (3) Ol1 Well Sup. Omnibus Opnhm Co . Otis Elev pf (6). Otis Steel....... Otis Stl prior(7) Packard (12.90). Paige Motor.... Pan-Am (6).... Pan-Am B (6).. Pan-Am West B Parmt-Fam (§8) Park & Ti1ford Pathe Exchange Pathe Ex A (4).. Patino(1.21 2-3) Peerless Motor. . Penick&Ford(1) Pa DixieCt(3.20) Penna RR (3%) Peoples Gas (8). Pere Marq (18). Pere M prior (5) PhilaCo5%pf215 Phlla& RC&1. entlip Morris. .. Phillips Pet (3). Phoenix pf (7). Plerce-Arrow. Plerce-Ar pf(8). Plerce Oll..... Pierce Oil pt. Pierce Petrolm Pillsbury. . Pillsbry pf( Pitts Coal PittsTerm Coal. Pitts & W Va(6) Porto Rico To B Postum (5). Pressed Stl Car. Pr Stl Car pf(7). Prod & Refiners. Producers&R pf. Pub Serv NJ (2) Pub SE&G pf(6) Pullman, Ine. ... Pullman Co (8). Pure Oll (12)... Purity Bak pf(7) Radlo Corp of A. ReadIng (15)... Real Silk Hos(4) | Real Silk pf (7). Rem-Rand $1 Rep Ir & Sti (4). Reynolds Spngs. Rey Tobac B (5) Rossla Ins (6).. Safety Cable (4) StL&SanFr 18% Schulte (314) Seabd Alr Line Seagrave(el.20) rs-R (n2%) . Shattuck F G (2) Shell Un (1.40). Shubert The (5) Simmons (2) . Stmmons pt ( Simms Pete Sinclair 01l Skelly O11 (2) Sloss-Shef (6) . Snider Packg Co | Snider Pkg pf. So Porto R Sug.. South Calif Ed South Dairles A. South Pac (6)... Southern Ry (7) South Ry pf (5). Spear & Co p£(7) Spicer Mfg....o SHAG&E3%). Std Mill (5).... StdolICal (t2%). Std OILNJ(11%) Std Ofl NY(1.60) Stewart-War (6) Stromb Car (2). Studebaker (5). Submarine Boat. Superior Steel. Sweets of Amer. Texas Corpn (3) Tex Gulf S t4% . Tex Land Trust. Tex Land Trstn Thatcher Mfg. .. Thatchr pf(3.60) The Fair (2.40). Tidew Aso (60e) Symington Cl A. 913 191 378N 1 11 109 109 55l 110% 15 16% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 103 30 78 1 1 ' 114 4914 56 6% v 83 16% +| Walworth (1.20) s 1L STAR. WASHINGTON, Open. High, Tide WOl pf(5) =8 8 Timken (t5).... 1247 125 Tobac Prod (7). 101 101 Transcont Ofl... | Unton Carb (6). Unlon Ofl ($215) Tn Paclfic (10). Union Tank (5). Utd Clgar Stor l;nned Drug (9 Usc1P&F(10) U S Distributing | US Distr pf(7). | US Hoffman (4) | U'S Alcohol (5). US Leather A S Realty (4) U S Rubber, . U 'S Rub 1st (8), U S Smelt (31), U S Steal (7).... U S Steel pf (7). Unl Pic 1st pf(8) Unl Pipe (12%). UL PELE A (e2) Vanadtum (3)... Van Raalt 1st(7) Vick Chem {4).. Victor Tik Mch. Victor cv pf (8), Victor pr pf (7). | vivadou (3 | Vulean Det | Vulean De pf(7) | Vulcan Detln(a) Wabasn.. 1371 | Ward Baking B. | Ward Bak pf (7) i Warner Plc ... | Warren 1st pf(3) | WarF&Pipe Cor. { W Penn I pt(7) | West P Po (6).. | West P Po pf(7) | West Maryland. West Md 2d pf West Paclfic. ... | West Union (8). WesthseAirB(7) Westinghse (). Weston A (2), | White Mot (4) White Rock (2). White Sew M(4) | Willys-Overlana Wison & Co pt.. Woolworth (5., Worthn Pump. .. Wright Aero (1) Wrigley (13%). Yellow Truck... 317 3 21% Yel Tr&Co pf(7) 88 89% 87 89% i YungstnS&T(5). S6a 861 86'% 86'a Dividend rates &iven in the al ll?‘t,t;gl,ullllar(erlv or ‘hélf vearly decl ions. dend'ssm;o g;ll‘lm;llvmedi ".h Rl * Unif rading lese than 100 shi . * Partly extra 3 Plus 4% stonk? " 5’:“- able in common ock. Y Plus 2/50 1o stock. aFaid thls. vear—no_ rogular rate. bTen per cent in common Wtock 215 % quarterly. abl stock. share in ¢ Plus 5% In stock. d when earned, o Payable in_cash of £Plus 10% in stock. e Plus 1/50 stock. h Plus $1 a share in special stock. {Plus 8% in stock 1Plus 2% in stock. k Pavable 1/40 of a share auarterly in_Class A stock = mPlus 8% in stock. D Partly stock. pPlus $3 in preferred stock a Plus one-half of common stock. *\BUTTER DEALINGS ACTIVE AND FIRM Week's Review Shows Prices Grad- ually Rise to Higher Levels on Choice Grades. i By the Associated Press, CHICAGO, August © firmness and active trade on butter noted last week continued during the week ending August 27. Prices gradu- ally worked to higher levels with the most rapid advance effective at Chica- g0, where fancy butter was in excep- illy light supply and other grades were none too plentiful. Business in general on all markets was quite sat- isfactory to both the receivers and the (#).—The recent price advance brought price level to a point where some hort held, as well as early stored, low- butter could be moved at a Users of fancy butter were ng on their storage stocks to supplement their current arrivals and some zed lots of fancy storage butter were sold to go directly into consumptive channels. The firmne nd price advance was confined principally to the better erades of “whole milk” butte the price o centralized cars in sympathy. Trading in centralized however, was not altogether atisfactory. At Chicago trade - pecially slow,Awith liberal offerings re- sulting in a slight price decline on Thursday. In spite of the light supplies avail- able on the various markets the | receipts at the four markets were practically the same as for the previ- ous week. Although conditions throughout the producing area were ome sections are too dry ures in good condition. have been below normal advanced to keep Temperatures D and growth of crops has been retard. ed. Recel of butter report a fairly sharp shrink in almost all factories lin the larger “whole milk” butter producing States. The Southern ter- { ritory, which manufactures the large pvercentage of the tralized butter, reports a falling off in the “make,” but not sharp as in the *whole milk™ area. 0. K.’D BY ARBITRATORS. Reorganization Plan for Great Western Coal Co. Approved. BALTIMORE, August 27 (Special). The plan of reorganization of the | Great Western Coal Co. has been unanimously approved by the board of arbitrators, composed of John J. Nelligan, Morfon M. Prentis and { Austin McLanahan, to whom it was | submitted by the organization com- mittee, composed of J. H. Ober, Henry Duer and Samuel S. Du_ Bois. The briefly outlined is as follows he pr of the Great | Western « by a holding company from the re- ceivership in the District Court of the United of Kentucky. The properti operated by Norton Coal Mining Co., a Delaware corporation, which has a coal operating company in_ territory adjacent to that of the Great Western Coal Co, holding company, to he known as Securities, Inc., will be formed of approximately §2,- Co, { with 000,000, PRIORITY RIGHTS ISSUE. Financial Circles Discussing Poto- mac River Electrical Project. BALTIMORE, August 27 (Special). Official and financial circles are d cussing significance of efforts to obtain for certain interests priovity rights for development of hydro- clectric power on the Potomac Rivi Whether the Potomac River Cor: tion is controlied by the same adelphia inte which control the Conowingo water-power project in Mar: land is a secret which is being fully kept under cover. Powerful opposition. headed by the Potomac Electric Power Co. of Wash. ington and the public service commis- sions of bordering States, already has developed. The proposed electrification of the Pennsylvania Railroad lines in this section_of the country and the pro- posed development of industrial con- cerns in western Maryland have a ct relation to the campaign now heing waged for water-power develop- ment on the Potomac, it is sald. although | ! | | ports of dealer: | advanced. D. C. SATURDAY, POULTRY DEALERS SILENT ON QUTLOOK Too Early for Sellers to Forecast Holiday Supplies. Local Market Features. It is vet too early for poultry dealers to start giving much attention to the question of turkey supplies for the Thanksgiving holiday season, Thanks- giving being nearly three months off. Some of them are giving some thought to the question, however, and are making inquirles of raisers as to pros- < the same old story,” re- marked u dealer. “‘Prospective short- ages of turkeys because of weather and other conditions.” Weather conditions this season have been favorable to turkey raising, said a dealer, and it is believed there will be no scarcity of the king fowl when the 'hanksgiving holiday season opens. Turkeys continued close of the last Chri season, according to reports, and re have been fairly liberal supplies of them during the Summer season, few live ones and others from storage plants Spring Chickens Plentiful. Heavy receipts of Spring chickens this week gave dealers about as much as they could handle, with the market slow. Buying was a trifle inactive, dealers report, and it is possible that the week's market will close with much stock to be carried over until next wee! plentiful after tmas holi- Even heavier receipts are expected the coming week, when the Labor day loliday season is expected to result in largely increased demands. Dealers hey think prices will not incre: cause of the extra heavy ant demand. Colored chickens thi ing were offered at from cents, while White Leghorns sold at 24 and 25 cents. Fowls sually in demand for ste: ing, baking and making salad, h heen falrly plentiful this week. Price have undergone slight changes during the week, the market closing at 23 and 24 cents. There is no demand for ducks and geese at this season, according to r¢ but a fairly good d mand for keats is developing. Price of keats depends upon size and condi- tion of the birds. Slight Change in Butter and Eggs. Dealers report a continued firm con- dition of the butter and egg market. Slight changes in butter prices, usu a fraction of a cent, have been reported in the heavier butter centers, but prices here haye not materially The market continues very firm, however, with no sign of cheaper prices in the near future, it is stated. Egg prices took a decided advance this week, the advance, it is stated, resulting from lighter receipts. Hen are now shedding their feathers isers report, and during such period they do but little laying. Top quality hennery stock went up to 41 cents this morning, 38 and 41 cents being the quotation, Current receipts were offered at 31 d 32 cents, while candled stock brought 35 and 36 cents. More active buying in the meat mar- ket was reported the past few days, inere es at this season being expect- ed. Sales of meat invariably incr as soon as the weather takes on an aspect of the coming of the Fall sea- son, dealers report. and with the in- creased business, it is stated, prices may go either up or down. Fish in Fair Supply. High winds the past few days played havoe with fishermen along the At- lantic Coast and resulted in largely de- creased receipts of marine products in the local market. Week-end specials in Municipal Fish Market were not re- ceived in anything like large quanti- ties, according to dealers, and prices were considerably in advance of those a week ago. Dealers had ample supplies of most varieties of fish to meet demands, how- ever, some of the fish from the West, especially salmon and halibut, selling at about their normal price, 25 cents a pound. Pollock, also known as Bos- ton bluefish, was offered the week-end trade, a price of 10 cents being quoted on them. Rockfish, considered one of the choicest of the finny tribe, were among the fish reported scarce and higher. Yesterday's price was 25 cents. A 10-cent week-end market was quoted on spots, croakers, small trout and butterfish, while haddock, cheap- est fish in the market for the week- end trade, was quoted at 6 cents. Bluefish from North Carolina nets were offered at 20 cents and Boston mackerel sold at 1212 cents. Filet of haddock proved a good seller at 15 cents. There were scarcely any perch to be had. Stogms along the coast did not seem to have hit the crab industry in time to affect the local week-end trade. hard crabs selling at $7 a barrel, the price of last week, while soft crabs and crabmeat were received in large quantitie: Soft crabs,, none real small, were offered as low as 50 cents a dozen, the choicest stock selling $1. Crab- meat sold as low as 40 cents, the best of it selling at 50. Oyster Season Soon to_Open. Local dealers” are looking forward to the opening of the oyster season, September 1, in anticipation of another successful season. Last year, it is ated, was one of the most success- ful oyster seasons experienced in a number of years. Oystermen made good catches and got good prices for their supplies. It is expected that the first oysters of the season will be offered at Mun cipal Fish Market the opening day. Thursday of next week, and that prices will be substantially the same as those reported at the beginning of the season a_year ago. Liberal supplies of apples and peaches are being offered in the local market, and dealers are saying that it is a good time to make purchases for preserving and canning purposes. ‘Watermelons and cantaloupes are still being received in liberal quanti- ties and there also is a fair supply of honeydews on hand. All three fruits are good sellers, dealers say, and fairly cheap prices ruled this week. Virginia growers are furnishing most of the watermelons. while the canta- loupes are coming from nearby Mary land and Virginia. The honeyde are from California. Showing in Vegetables. Tomatoes are still leading receipts in_ the vegetable market. Reports this morning stated that the supply was not quite so large as it was a few days ago and that the market was a trifle stronger. reen peas are becoming scarce. Colorado growers have been shipping Jarge quantities of them to this city since the crop of nearby growers be- came exhausted, and New York grow- ers also sent contributions. A local dealer received a carload from New York shippers Thursday and offered them at §3 a bushel. Light supplies of potatoes, Mary- land and New Jersey, the past few days met a moderate demand that was great enough to continue the market steady. Liberal supplies of sweet potatoes from North Carolina and Virginia slightly weakened the market. Corn is being received in small quan- tities, the homegrown product selling 40 and 50 cents a dozen in five- dozen lots, ‘Dealers were on{hand early this AUGUST 217, Commodity News YOUNGSTOWN, Ohio, August 2 The Truscon Steel Co. will start its new fabricating plant at Los Angeles about September 15, according to President Julius Kahn. SACRAMENTO, Calif., August 27.— | Additional refrigerator cars have been | provided by railroads to handle the juice grape crop shipments to the Zast. Indications are that the car supply will be sufficient, The South- ern Pacific has spent $1,000,000 to ex- pedite the handling of this perishable crop, chiefly for spur tracks. STROIT, August demands pea Because the = : of Fennville, v coloring 1 and sul- till have hes Mich., s To 3 peaches by means of arseni phur dust. The exper ments a month to run PHILADELPHIA, August Heavy sales have been reported of art and gift goods designed for the holiday trade. Lamps, picture frames and statuary have moved exceptionally well. UP TREND NOTED INCOTTON MARKET New High Record Prices Es- tablished—Market Opens Firm—Futures Strong. NEW YORK, August 27 (P).—The cotton market opened firm today at an advance of 24 to 48 points, establish- ing new high record prices for «lil po- sitions, Buying on the bullish vi crop outlook was stimulated by sharp advances in Liverpool, eomplaints of cold rains in the Eastern belt and con- tinuation of very bullish private re- of the ports on Texas crop prospecis. December contracts sold up to 22.37 and March to 22.30. active months showing net gains of 3t to 45 points before the initial demand }ad heen supplied. _Realizing caused reacticns of 6 or 7 points from these figus, but buying orders continued'to come The market was Lolding around 30 for December at the end of the t hour. Futures closed higher; October, ember, 22.62 to to 22.67; March, Spot, steady middling, NEW YORK— October . strong; to 75 December January March May ¢ NEW ORLEANS, August 27 (#).— Higher Liverpool cables and unfavor- able crop reports sent the price of cot- ton early today 46 to 52 points above 's In response to the opening was t trades showed gains of 32 to 35 points. Profit taking then caused the market to ease off several points, but persistent buying caused by crop reports again sent prices on the upward trend, and October sold December, 0, and Janu- vesterday close. Liverpool _cabl strong and f Close, October 21 Decembe January LIVERPOOL, August 27 (P).—Cot- ton spot, fair demand; prices stead: American_strict zood middling, 12 good middling, ; strict middling, 11.90; middling, 11.60; strict low mid- dling, 11.20; low middling, 10.85; strict good ordinary, 10.50; good ordinary, 10.05. Sales, 6,000 bales, including 3,200 American. Receipts, 5,000 bales; no American. Futures closed firm. October, 11.47: December, 11.57; Ja uary, 11.60; March, 11.62; May, 11.65. PLANT FORGING AHEAD. BALTIMOR! The Sparrows , August 27 (Special).— Point plant of the Bethiehem Steel Corporation is oper- ating at_approximately 80 per cent apacity. The plants of the cor- ration as a whole are running at about 74 per cent of capacity. -This compared with 61 per cent a month ago. The Sparrows Point plant is one of the cheapest to operate in the United States, statistics show. The Baltimore district is steadily forging ahead as a steelmaking center, and there is reason to believe that some of the husiness Pittsburgh is losing is coming here. P —— — CHICAGO LIVE STOCK. CHICAGO, August (United States Department of Agriculture).— Hogs—Receipts, 35,000 head; few sales of good and choice 160 to 225 pounds average, 10.50a10.75; steady; top, 10.80; butchers, 230 pounds up and packing sows generall 50 pounds, few big weights, 8.90 to 9.1 packing sows. 8.00a8.50; lightweights upward to 8. estimated holdover, 5,000 head. Cattle—Receipt pared with week & 400 head; com- go, price of choice steers and Western g to strong: she stock, to 50 lower; best heifers and me- dium-weight fed steers 5; light cearling, best Montana and 12.00; most fed Western grs native grasser: s heifers, T Sheep—Receipt: tically none on sa 211 doubled from and 8,000 head closed 1.00a1.25 severe) sheep, ; for weelk, feeding stations divect; fat lambs lower; sorting more round 50 lower; feed- ing lambs strong; week's top fat Western lambs, 14.00; fat native lambs, 13.75; slaughter yearli wethers, ing lambs lambs, 1 native: i culls 50; yearlings, 10.00 fat 7527.25, range morning _ getting supplies for the week end trade, the half-holiday re- quiring supplies in the retail stores earlier than before and after the early elosing. Fairly good demand for most foodstuffs gave wholesalers an idea that the week's business would have an active closing. Today’s Wholesale Prices. Butter—Fresh, one-pound prints, 44 tub, 43a44; store packed Eggs—Fresh, selected, 34a3: nery, 38a41; current receipts, Poultry, alive—Turkeys, hens, toms, 25; fowls, 23a24; Spring chick- ens, large, 30; medium, 26a27; small, 26; roosters, 15a16; ducks, 16; keats, young, 50a60;: old, 35. Dressed—Turkeys, 28a30; Spring chickens, 35a38; capons, fancy, heavy, 39a40; smaller, 35; ducks, 30a33; keats, young, 80a90. - Meats, fresh killed—Beef, 18a20; veal, 26a28; lambs, 28a30; fresh hams, 24al shoulders, 17a18;loins, 33a35; smoked hams, 26; smoked shoulders, 18. Live stock—Calves, choice, 15; me- dium, 12a13; thin, 8a9; Spring lambs, 13a13%. FINANCIAL." TREND UNCERTAIN IN'STOCK MARKET Conditions Indicate - Less Strength Than Is Shown on Surface. BY CHARLES F. SPEARE. 1 Special D atch to The Star. NEW YORK, August —A per- pendicular decline of 11 points in the half of August has been followed by a rise of similar proportions in the second portion. A careful analysis of the movements of both speculative and investment shares, however, re- veals the fact that the market is not as strong as it seems. A great many issues that took part in the early Summer rise have been abandoned. Others work back and forth languidly from day to day. he found in the bond market, where there has been constant improvement during the month and where a strong hnical position has replaced an un- althy one. So, while stocks appear stronger than they r ¢y are, bonds are actually firmer than they seem to be. Public Shows Caution. Tho public’s interest in the stock market has become a concentrated one. It has picked out a few of the outstanding shares where th risk attached to the purcha even should the course of the market eventually be downward. In some of this week’s sessions the trading in Gen- eral Motor new and old stocks has been 30 per cent of the total turn- over. This is a good sign. It does not, however, make for the sort of sit ion that those who live on com- missions would like to ses The facts concerning the status of | the stock market m: 1so be applied to business. This is not so satis |tory around and about the cou |as it has been made to appear. re a number of signs that b come more o picuous latel: gesting a contraction in the produc- tion and distribution of goods and commodities of fairly large propor- tion in some sections of the United States. Steel Recovery Delayed. There seems to be a tendency to postpone new enterprises and the purchase of materials to a date in the Fall which runs beyond the normal Itime of seasonal recovery. is is . | particularly true in the iron and steel |trade. It has been anticipated that the end of August would witness free ying on the part of large users of teel products. However, the rail- roads, the automobile manufacturers and the builders have all been delay ing their orders, possibly in the ex- pectation that lower prices would fol- low absence of demand. By far the most serious of all of the trade conditions is that surround- ing the production of crude oli, the storing of the surplus product and the marketing of the refined oils. Almost no progress has been made in correcting the conditions which have caused a decrease of about 45 per cent in the aggregate earnings of the companies that have reported for the’ first half of the vear and which at the present rate I show a net decrease for 1927 of nearly $100,000,- 000. This will mean not only that more oil company dividends must be reduced or passed but that there will have to be a large amount of borrow- ing in order to store excess supplies. There have been a number of efforts to start mavements in the stocks of the stronger oil companies, but no encouragement for a continuation of such operations can be found either among producers or their bankers. Barometer in Bank Clearings. A fair measure of dislocation of business is to be had in the record of bank clearings throughout the coun- try. Except in the centers influenced by the demands of speculation, these are off materially. The reaction start- ed in the South. In the first six months of 1927 the bank exchanges of leading Florida cities shrank from 35 per cent to 60 per cent compared In the third week of Au- ngs in the Boston Federal eserve district were off 5 per cent, but in the New York and Chicago dis- tricts they were 11 and 5.4 per cent greater, respectively, than last vear. However, in the remaining districts, which are affected chiefly by indus- trial or agricultural conditions, the following losses occurred: Cleveland, 91, per cent; Richmond, 81 per cent; Atlanta and St. Louis, 9.2 per cent; Minneapolis, about 7 pe cent; Kansas City, 10.6; Dallas and San Francisco, 7.2 per cent. even closer surve: reveals lai r- centages of loss in individual cities in each one of these districts and in not a few a smaller total of bank clearings than in 1925. This represents the quiet conditions in the areas of the country devoted to manufacturing, to mining, to farming, to lumbering and to the production of oil, as well as to building and road- making activities. Money Goes Into Stocks. The effect is to intensify the con- dition of ablundant money supplies in all of the Federal reserve districts of the United States and to urge those having idle funds to employ them in the market for securities. There seems to be no other explanation for th. s*eady advance in the prices of stocks, including those of compa whose business results so far this year have been unsatisfactory and whose future prospects are not nearly so good as they were when their secur- ities were selling many points lower. It remains with the crops to bal- ance some of the unfavorable effects of overproduction and a reduced pur- chasing power in parts of the South and West. The outlook for cotton was not o good this week as it was last As the season closes the crop ks in size instead of expanding it did last year. The trade settled down to the belief that corr will realize a smaller total at harvest than any crop in over 20 year: Whether the price to be eventually realized per pound of cotton or per bushel of corn will compensate grow- ers and merchants for the loss in quantity will only be determined months after the harvest has been gathered in. Certainly the railroads would be better off with a fair crop at a fair price than with a small crop at a high price. BOSTON STOCK MARKET. By Special Leased Wire to The Star. BOSTON, August 27.—Following Is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: lose. oskeag ... . low Hartio Island Creek . Mass Gas .. North Butte 0ld_Dominion Pacific Mills €o. Waldorf ... Warren Bros Wild Ass Born; Father Happy. In celebration of the birth of a son, ““Tomm: a Kiang, or Tibertan wild ass, at the London Zoo, celebrated by forgetting his vicious temper. The wild ass is noted for his bad temper, and is handled with difficulty, but “Tom- my,” who occupied a stall adjacent to the -mother, was so pleased that he beat a mefl tattoo on the partition. average price of stocks in the first | The opposite of this situation is to | e is no | T | | | i | | In Nearby Virgini 5129, Prudential Insurance Co. Loans Commonwealth Investment Co, 017 15th St. N.W Phone Main 2623 Mortgage Money Loaned at Low Interest Rates Economic_Conditions Tyler & Rutherford Loan Correspondent Matual Genefit Life Ins. Co. 1520 K Street Main 475 T _____] First Mortgage Loans Afslicationmtavitada 2% 5% O lnipraved Progerty Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. ! Money Available for | | FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Repliesto Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Real Estate Insurance Money to Loan N On First and Second Trust Notes Chamberlin Const. Co., Inc. Main 6317 212 Colorado Bldg. CONSULT US 6% g —for safs investment ot your surplus funds. ~Look to the future by (nvest- Fil’sl mng NOW. Mortgage :vm . sl::::dm = Notes o Waehingion. o & 90000000 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. Financial Independence i Is a I Result of i Regular Censistent | Investment ‘ First | Mortgage i Securities ‘ Assured l Mort-age Investment Dept. 4 [SHANNON_& LUCHS) | | 1435 K Street | Main 2345 ‘Public_:WService Corporati of New Jersey Dividend No. 81 on Com- mon Stock Dividend No. 35 on 8% Cumulative Preferred Stock Dividend No. 19 on 7% Cumulative Preferred Stock The Board of Directors of Public Servies Corporation of New Jersey has declared divi- dends at the rate of 8% per annum on the 8% Cumulative Preferred Stock, being $2.00 per share; at the rate of 7% per anaum on the 7% Cumulative Ppeferred Stock, being $1.75 per share; and nts per share on the non par value Common Stock for the quarter ending September 30, 1927. Dividends payable September 30, 1927, to Stockholders of recordat the close of business September 2. 1927. Dividends on 6% Cumulative Preferred Stoc)s are payable on the last day of each morap. T.W. Van Middlesworth, Tressuren Public Service Electric and Gas Company Dividend No. 13 on 7% Cumulative Preferred Stock Dividend No. 11 on 6% Cumulative Preferred Stock The Board of Directors of Public Service Electric and Gas Company has declared the regular quarterly dividend on the 7% and 6% Preferred Stock of that Company. Dividendp are payable September 30, 1927, to Stockholders of “fl’fih‘dbm&p&-&lfl.lflt v T.W. Van Middleswort. Tresowrer.