Evening Star Newspaper, September 13, 1927, Page 10

FINANCIAL. INFINAL DEALINGS [Tarket Turns Aggressively Strong — Rails and 0ld Leadcrs Forge to Front. BY GEC cial Dispat NEW YORK £ day of Sep Is took t 43; per cent, Money was rene July which was the h A yet mo nervoust over t vement rican P the h for | er 10, as showed a ng week, any : decrease | but be of “opper stocks cott sold @ of the e 11e rest «iy. A br saoward the < onced by the st v Showi those e and 1 prominent of the stocks, sury blished Mon- the best since 1902.| ternation ephone and Te vaph, associated with the domes: mpany marketwise although there no corporate connection the 1 izhest for all time. Pacific Telephone ad Telegraph on sales of a few odd :s made a new high also on a re- +ort that the American ’l'vln‘;_\hunn nd “‘olegraph would make an offer for the minorit, tock. Steel Stucks Are Ragged. Steel stocks were more Tnited State$ Steel ran up a point or s> early in the day, but there was little animation 1n the trading. Cruci ble sold off as doubts were expressed as to any larger dividend. St a s-ock paying $6 and selling around 93 does not need hope of a larger dis- hursement to support it if other con- ditions are favorable. There w lit- ila enthusiasm about the buying of the motors either. General Motors | ained ground, but the movement in udebaker was interrupted. Irregularity prevailed among lhoi‘ general run of indu: General | 1tailway Signal was one of the stron spots, but United Fruit, General Elec trie, Postum Co. and stocks of that grade were unchanged or slightly low- er. Granby Mining weakened on the announcement that the dividend would be deferred. Pittsburgh Cc was in vigorous demand at an advance of riore than three points for the com- mon and a new 1927 top for the pre- ferred. phe 1s again the mo called investme: the new I Wall Street Briefs NEW YORK, September 13 (P).— s-Te: Southwestern, for formu- 1:ting a unification plan for L. F. ree’s Southwestern sy has tuken more time to than was expected and ¢ will not s ready before The port will be by Mr. Loree's lawyers going to the #necial committee cach of the roads involved. before of Pennsylvania Dixie Cement C. poration declared a dividend of & +«nts a share on the common stock, which previously had been 80 cents quarterly. It is payable October 1 > holders of record September 22. statement by the company said the present outlook for 1927 was that interest charges and all dividends on preferred and common Stocks would be earned and a reasonable profit carried to surplus, July operating income of the Wesi- ern Union Telegraph Co. declined to $1,077,133 from $1,242, in July lList year and for the 10nths of 14 515,385 in t July gross revenues were $644,816 les than a ye: Mexico City t say the dispatches to Wall red worm is doing e to cotton in the State “oahuila. Many plantations ¢ ed to yleld ol g f cot- ion, against norn tion of 100 kilos, while so icld even less. The two cent price for bars, and plates has disappeared Chi t, price cents bei v all. s been to test v lar in imm diate prospec teel Co., expected to ¢ sheet prices t nd fe months import store compa 7, an incre or 10.4 per cent d last year, whe 3,831, or 12.1 per cer in the The Sules for the year of 16 of the mail order and chain ed $ 7 er than of 1925. gain this ye 18 due to relatively por lower percent r over the period er show- | By Man T pf(6). | Butterick (g2). Open Abitibt Pow (5) 105% | Abr&Stras 7%pt 110 | Adv Rumle 1% | Adv Rumley pf.. 34l | Ahumada Lead. 4% Air Reductn(16) 184 | Ajax Rubber | Alask Albany Papr(2 Allied Chem (6) Aliis Chalm (6). Amal Leather. [ Amerada (2)..... Am Azricul Chm {am A Am Am Brown Bov. Am Brown Bo pf 0 Po pf ( 1 Hide & Lea. m Ho P (240). m Internat La Fran Am Linseed. Am Linseed p comot (3) 108 Am Piano pf Am Po & Lt (1) diator (5) Exp (6) . 1351 100 5ty 2419 602 19 Am Woolen Am Woole: Am Writ F | Am wr inc pf.. conda (3) er-Dan (3). 43 -Dan pf (7) 108 uroflll(A) 9% ourof11(B) Armour 111 pf Artloom (2). Baldwin L (7).. 259% Balto & Oh pf (4) Bamber pf(618). 1 Barnet Leather. BarnsdallA(2 BarnsdallB(21z) 2 Bayuk Cigars... 95 Bayuk 1st pf (7) 109 Beacon Oil...... 15 Belding Bros (2) 21% Best & Co (3)... 52% Bethlehem Steel 63% Beth Stl pt (7).. 116 Bloomingdale. 39% Blmingdle pf (7) 111 Blumenthal pf.. 86 Bon AmiClA (4) 62 Booth Fisheries. 54 Briggs Mfg (3). 21% Bkin-Edison (8) 178% Blkn-Mn Tr (4). 55 84 Bklyn Un Gas(5) 146 Brown Shoe (2). Brunswick B (3) Brunswick Ter. . Burns Bro (10) Burns Br B (2).. BurnsBros pf(7) Burros Add (4) Bush Term (b8). Bush Ter de (7 33 11% . 105 95 121 62% 105 Butte Cop (50¢). Butte&Super (2) 4 8% 52% 80 111 3 64% 234 70 16 54% BYer & C0..s00sss Byer & Co pf (7) By-Products (2). Calif Packg (4). Calif Petm (1). Calumet & Ar (6) Calu & Hecla (2) Canada Dry (3). Can Pacific rts. 4 CaseThreshg(6) 268% Cent Alloy (2 Cen Ry NJ (1 Cerro dePas ( Certain-Teed (4) Certo Corpn 3% 31 6 51 % 75 Chandlerpt(zl) 22 Ches & Ohio (10) 195} C& O Corpn (2). 173 Chi & Alton. . 815 Chi& East1ll. . 46 Chi & East Il pf 78 Chi Great West. Chi Gt West pf.. Chi Mil & St P C M § Chi Mil > P pf ofs. Chi & Nwn (4).. 927% Chi Pne Tool (6) 127 Cii Rock Is (5). CRI&Ppt (6). 102 Chilas ( Chile Co (2 er Cor (3) City Stores (B). Cluett Peab ( Coca-Cola (5).. Collins & Alk(4) Colli A pf (7) Col Fuel & Iron. Col Gas & El (5). Col G& Col Carbon (4) Com Cred (1). Com Cr pf (1%). Com Cred pf 6% . Com Crpt B (2). 22% Com In Trpf(7). 95 Com Solvents(8) 187% Com Powr (23%). 59 Conde Nast (2).. 41 Congoleum 23% rs(14%) 67 ars (7) 81% “onsol Gas ( onsolG: ConRRC 62 35% 59'% 49% 72 £9ly 104 84 94% pt A (6) 107 80% 18% 21% 82% Cong C 100 68 4% 49% 6% 94% 2% 199 10% 57% 0% ing B.. Cont Bak pf (8). it Can (5).... ont Insur (6).. “ont Mont (80c) . Corn Prod (13). Crucible AmS (1). Pkg (4). n's (§4). nann pf (8) 112 nel Fruit.. 47% Davison Chem.. 36 24% 48% Del & Hud (9).. Del L & W (17). DRG Wst pf. Detroit Ed (8).. Devoe & R(2.40) Devoe, Diamd Mtch(8). 60 3% 134 . THE EVENING STAR, WASHINGTON, D. C., TUESDAY, SEPTEMBER .13, 1927 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Low Close. 1057 108 134 103 59 106 10% 5019 112 41 3612 04 6514 135% 100 49 136 2 1021 108 261 & 95% 109 15 21% 6474 116% 39% 111 86 5 23Y% 180 55 84 146Y% 33 11% 105 95 53 a0 1444 116 1925, 1954 ¢ 103 19415 120% 1024 8l 6 25913 1203 1215% 120 T9% 108% 56% 23 23 95 109 62% 116 39% 111 86 62 5% 21% 178% 55 84 146 33 11% 105 95 1111 134 103 106 10% 113% 41 3674 94 13504 100 494 50 145! 116 1 19 122 1 6% 261 121% 9% 10: 56% 3t 23 95% 109 15 20% 534 6474 116'% 39% 111 86 62% 5% 22% 180 55 84 146% 43% 44 437 44% 33 11% 105 24% 24% 24% 24% 95 123% 120% 123% 63% 106'% 41 8% 52% 80 111 3 65% 23% 1% 16% 544 4% 274 621 105 4 8% 52 80 111 3 64% 22y 70 16 52% 4 268% 281 281 28% 6344 105 Bush Trm pf (7) 118% 118% 118% 118% 4% 874 52% 80 111 3 65% Y T1% 16 53 Can Pacific (10). 184% 186% 184% 186% 4% 274 28% 319 319 319 66% 514 T5'% 22 6415 51 75 21% 66% 51 5% 21% 197% 195 196% T4% ‘84 46 T9% 157 34% 19% 18% 34y 127 1021 6214 36% 60% 49% 5% 8% 84 46 127 102 62 35% 59 49% T1% 3% % 127 108% 109% 107% 109% 102% CRI&P pf (7). 108% 108% 108% 10; 35% 60 49% 5% . 122% 123% 122% 123% 89% 89l 89% 104% 85% 94% 107 81 18% 22 82% 224 95 194 60 41 24 63 824 100 68 4% 50% 6% 95 2% 202 10%, 58% 90% 93% 24% 48% 112 48% 104 84 94% 107 80% 184% 21% 2 22% 95 187% 58% 41 23% 67% 81% . 116% 119% 116 99% 68 4% 49% 6 9445 2% 199 10% 5% 90% 924 24% 48% 112 4% 104% 85% 94% 107 81 16% 22 2% 22% 95 192% 60 41 23% 68 8214 117% 99% 68 4% 50 6% 95 72% 202% 10% 577% 90% 9 24% 48% 121% 125% 121% 125% 112 48% 36'% 35% 36 60 3% 137% 60 134 157% 157% 157% 157% 374 R 1st(7). 111% 111% 111% 111% 3714 136% ’ Em-Brantgm (A) End John (5). .. Engineers Pub 8 Engnrs PS pf(7) Equit Bldg (7). | Erio 15t pf Erle Stm S change (113). Fed Lt (h2.40).. Fed MotT (f80c) Fid Phoenix(4). First NatS(13). Fisk Rubber. ... Fisk 1st pf (7).. Fleischmann (3) Fox Film A (4). Freeport (1414). Gabriel Sn (315) Gen Am Tnk(4). Gen Asphalt. ... Gen Cigars (4).. Gen Elec (15).. GenElec sp(60c) Gen GasA(ol12) GenMotors(t10) GenMotors(w.1.) Gen Mot pf (7). Gen Outdr Ad(2) Gen Ry Sig (5). Gen Ry Sigrts.. Gen Refrac (3). Gimbel Bros | Glidden Co. . Glidden pr pf(7) Gold Dust Goodrich Ru (4) Goodrich pf (7). Goodyes Gothm S H ( Gotham new 214 Gotham H pt (7) Granby (4). Gt Nor pf cfs( Grt Nor O (1%4). Grt Wes $(2.80) Green Canan. Guantanamo ntan pf (8 Mo & Nor e GW pf(7) Hoe & Co A. Hollander & Houshld P (31%) Houston 0il Howe Sound (4). Hud Man (23). Hudson Mot (5) . Hupp Mot (1.40). Illinois Cen (7). Indep Oil (1)... Indian Mot (11%) Indian Refining. Indian Refg ctfs Ind Ref pf(7)... Inland St (2 Inspiration. .... Intcontl Rub(1). Internat Agri. Int Agricul prior Int Bus Ma (4).. Int Cement pf(7) Int Com Eng (2) Int Combus rts. . | Int Harv (6)... Inter Har pf (7). IntMtch pf(3.20) Int Mer Marine. Int Mer Mar pf. Int Nickel (2)... Intl Paper (2.40) Int Paper pf (7). Int Ry Cent Am. Int Ry CA pf(5) Int Tel & Tel (6) Int Tel & Tel rts Intertype(t11). Island Creek (4) Jewel Tea. . . Jordan Motor... Kan City South. Kan C So pf (4). KayserJ (4).... Kelly-Spring. Kennecott C (5). Keystone T & R. Kinney (G R)... Kraft Ch (11%) Kresge (1.20)... Kresge SS pt(8) KressSH (1).. Lago Oil (3).... Lambert Co (5). Leo Tire & Rub. i LehighVal(3%). Lehn & Fink (3) Life Sav (1.60).. Lig & Myrs(ft4) Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60). Loew's Inc (2).. Loft i Loose-Wil(2.60) Loose-W 1st (7) Lorillard Co .. Loulsiana Oil. .. LoulsGasA (1.75) Louis & Nash(7) McCrory (1,60) Melntyre P (1).. Mack Truck (6) Madison Sq Gar. Magma Cop (3).. Mallison pf (7). Mandel (235). .. Man El Sup (5). Man El m g (d5) Man Elev gtd(7) Man Shirt (2)... Market St prior. Marland Oil. . Marlin-Rek 3% Mathieson (4)... May Dept S (47, { Maytag (2%)... Mexican Seab Miami Cop (1).. MidContinent(3) Mid-Cont pf (7). Mid States Oil ct Middle States. .. Midland pf (+12) Miller Rub (2).. MStP&SSM 1i(4) Mo Kan & Tex. . Mo K & T pt (6). Missouri Pacific. Missourl Pac pf. Montana Pow (5) Montgmry W (4). Mother L (50c).. Motion Pie (1).. Motor Met (3.60) Motor Wh (2).. Mullins Body. .. Mullins B pf (8) Munsingwr (3). Murray Corpn. .. Nash Mot (t4%) Nash & Chat (7). Nat Bellas Hess Nat Biscuit t5% . Nat Cash R (A)3 Natl Dairy (3).. Nat D St 1st (7). Nat Distillers. .. at Distillers pt at Enamel & S. at Led pf B (6) at Pw&Lt (80c) at Surety (10). Nevada C(1%) .. O Tex & M (7) N Y Air Br (3).. N Y Cent (8).... N Y Central rts. NY C&StL (6)... Y Dock. ... Y NH & Hart NY NH&Har rts. NY Ont& W (1). NY Steam pf (6) NY Stm pf A (7) Niag Lock pf.... Norfolk South. .. Norf & W (8)... NorAm b10%stk North Am pf (3) NorAm Ed pf(7) North Pac (5)... Nor Pac cfs(5) Northwn Tel (3) Norwalk Tire. .. Open. High. 5% 5% 7% 8% 347% 3 104% 10 87 87 6014 607 5l T4 34 104% 86% 60 4 17% 94% 9 62% 66 74 6714 - 138% 14074 138 1w 1% 11% a1 a1 @ 248Y 2541 248% 116 116 116 36 BTU B4% 100% 1017% 100% 99 99% 99% 104 104 82% 83% 19% 19% 133 13 20% 207 284 284 11 1% 10% 11% 110 110 21, 18% 133 2014 28t 11 10% 110 52 17 1% 105 92 109 109 51% 52% ) 215 134 76 109 T 230 134 813 5% 5% 38 39 64% 65% 53% 103% 10 3T 3T% 2% T2% 2% 1563 151 7 6% 34 34 34 65 65 65 641%° 67% 64% 19% 20 19% 65% 641 71 ks 59% 4 3% T4% T3 115% 115% 115% 100% 100% 100% 31% 31% 31% 76 7 %6 13 18% 13 108 109 108 381 383 384 21% 21% 21% 122% 123% 122% 1221 122% 122 64% 64%% 6414 48 48 48 54°% 55% 54% 4 6% 6 52% 53% 52 121 121 121 39% 39% 394 1% 11% 11% 26% 2 267% 151% 9% 26% 26% 102% 104% 102% 24% 24% 24y 37% 38 37% 80 80 - 80 44% 44% 44 54 55 54 46% 47 46% 8514 87 851 29% 30 29% 55 b5% 55 4 8T 36% 45 46 44y 116 116% 116 817% 81% 81% 82% 32% 32% 4 4% 4 4% 15 14% 30% 31 301 104 104 104 2 2 2 2% 2% 2% 135 137% 134% 26% 26% 26% 63 63. 63 46% 46% 45% 107% 107% 107% 53% b55% 53% 103% 105% 1034 102% 102% 101% 5% TT% T5% 2% 2% 2% T 4 T 29% 29% 29y 26% 267 26% 621 64 62y 105% 106 1054 45% 45% 45 24 24 23% 90% 92 90% 185 185 185 6% 36% 36 140 142% 139 46 46 46 61 62 61 91% 91% 91y 43% 43% 43% 56 56 56 26% 26% 26% 111 111 110% 24 24% 24% 256'% 262 256 15% 15% 15% 144% 144% 1443 45% 46% 45Y 160% 164% 160% 5% 6% 5% 128 133 128 62 63 62 50% 514 50% 1% 1% 14 33% B4% Buny 101% 101% 98% 110% 110% 110% 116 116 116 b4% 55 bd% 186% 187 186% 55% 56 554 52% 52% 521 102% 1 95% 931 53% 2% Low. Close 513 8 3 Pa P P Pa Pa Pa Pa Pa Pa Open. High. Low. Close n-AmB (6)... 49% n-Am West B, 20 nhandle 9% rmt-Fam (j8) 1041 rk & Tilford. . rk Utah (80¢). the Iixchange the Ex A (4). tino (1.21 2-3 104 1063 28 193 People Pe Pe Ph Ph Ph Phoenix Ho Pil Pil Pit Pit Pit Pit PorRico Porto Pro Pu Pu re Marq (18).. re M prior (5). ila& RC, il-Jones pf(7) illips Pet (3) 102 43% 41 Petroim. . bury. .. Isbry pt ts Coal tsTerm Coal. WV Va(6). obA(7) o To B s ) tl C einer phy Br (13). b Serv NJ 14 1001, L 114% NJ pf (8). 138 liman, Inc i ¢ 1000 14 30 1% Pure Oil (2 Pu Ra. RSIIC 1 Re | Re Ttes rity Buk B (2) dlo Corpof A. fs (4). 81 i1k pt (7). id Iee Crm (3) m-Rand 1 60. m-Rdl1st (7). emin Re Rey D Ir 1 & Reynold Re: Robt Re Sav Sch he Shi Sim Sim in in, celly Ofl (2 SPe South C: South y Tok [ns (6)... 117% alD(al.33%) 464 fety Cable (4) 64% t Jos Lead (+3) 40% G 111% 1 ce Ar hulte (3 ell Un (1.40)., iber The (3) . nmons (2).... 58% nmons pf (7). 1107 ms Pete., 16 clair Ol 17 clair pf 99%, 5974 58% 111 1104 516 17 9% orto R Sug(2) alif Ed ries A. Sou Dairies B. South Pac (6). Sou South Ry pf (5). Spear&Co pe(7). thern Ry (7) 9914 78 picer M i sta Std Std Stay Sta Std cer pf (8). G&B Mill : Millg pf ( 0ilCal(t2 oil OfINY(1.60). Sterling Pro(16) Ste: Strom C: Sty Sub wart-War (6) (2). debaker (5 hmarine Boat. Sun Oil (i 1). Superior Ofl. Tenn Copper (1) Texas Corpn (3) 8% 50% Tex Gulf Sul (4) Tex Tha x Land Trst n cher M Thatehrpf(3.60) The Fair (2.40). ‘Thi 3314 rd Avenue. 32 Thompson (3.60) Tid Tid Tid ew Aso (60c) WASOIIDf(6) & W Oil pf ( 167% 8610 Timken (15). | Tot Tob hac Prod (7 9 bac Prod A (7) 11 Transcont Ofl I Tra Un Un nsue & Wil derwood (1) . Bag &Paper. Union Carb (6) Un ion Of1 (127, Union Pac (10). Utd Cigar Stores Utd Cig St pf (1) 1054 Uni ted Drug (9) 170 Utd Drg 1st (3% Utd Fruft(+5%). 1 uUs us Us U S Hoffman (1) Us us CIP&F (10) 19 Distributing 18% Distr pf(7).. 9 ] 18 Alcohol (5). Leather w i, U S Leather A.. uUs Leatprpf(7) U S Realty (4).. us U S Rub 1s us US Sm pf (3 U S Steel (7)... Us U S Tobacco(3). Uni Pipe (12% Utah Copper (6) Ut Rubber 5012 154 135% 86 2T% 150 80% Smelt (34). ). Steel pf (7). P&Lt A (e2) Vanadium (3)... Vic Vie Vie Vie Vivadou (3). Vulean Detin.... Wabash. % Waldorf (1%) Ward Baking B. Wa Wa Waj Wel W Penn Bl A (7) W Penn EI pf (7) We: We: We: We: We: We: Wh lwn Wh k Chem (4) tor Tlk Mch. . tor cv pf (6). tor pr pf (7). Saro Chem. . rCh6% pf r Ch pt (7) 974 14% 43% 873 27 1% 0% 20 30% 22% 110 24 102% 109% 111 108 rner Pic A... rren Bros (4) rF&Pipe Cor. h&Heil pf(7). 102% 1097 110% 107 2 114 tP Po (6).. t P Popf(7). st Pacific. st Pac pf (6). st Unlon (8). sthseAirB (7) stinghse (4). ston A (2) ite Mot (4) ite Rock (2). ite Sew M (4) Wickwire eft.. . Wi Wi Wi wi Wils Woolworth (5).. Worthn Pump. . Wo! Wright Aero (1) Yellow Truck. .. Yel Tr&Co pt (1) Yui llys-Overland 1lys Od pt (T) on & Co. . on CopfA.. on & Copt.. T0% 186 35 45 51% 341 94% ngstnS&T(5). 88% rth Pump (B) lalso s | based on ro: {sold and_bought 1n at a nominal fic LANSTON LEADER ON EXCHANGE HERE | Scores New Top for Year, With Railway Common Also Reaching 1927 Peak. BY EDWARD C. STO! ! Lanston Monotype climbed to a | new Ligh for the year on the Wash- | in Stoc | . clos inz @ 1031, aft up last week at 101, The totaled 80 shaves. 2 Washin dealt in, The stoc heavily hands. on Gas T 245 shaves chan opened at 76% at 77, very close to the 1927 hi mark. Ten shares of Railway com- mon came out at 280, 10 points above previous sale this pital Traction was active, open- ing at 1057 and climbing to 10614 at the close, transactions amounting to 70 shares. Federal-American Bank stock sold _at and two shares of Ris t Only two bond sale Washington and Washington 4s at 86 Local Business Improving. There are ms indications that business conditions have been improv- ing rapidly in Washington and vicin- ity since the arrival of September, and 5 bor day. Bank yments and the of rediscount 1 Reserve Bank so far in Sep- show a decided upward swing ntile activity. Local bankers they can sce a marked qif 2in_ traflic in the business sec- Washington, ) forwar to li 335 were recorded, in merc ne of past two wer Rediscoun t the Federal Reserve Bank of Richmond last week gained $2,228,000 over the previous week, but were considerably below the same period last year and the year before. Coal Company Directors Named. Bondholders of Big Vein Colleries, Inc., held a mecting in this city last night and reor; ed by electing thes offic Harper, presiden Clyde D. and Charles A. Douglas In addition to these hoard of directors o include Lester Jones, J. B eming. Wilson T. Compton, Thomas .. Hume, Benjimin Berkowich, Leon and Jo V. Mor company’s mines at Me- Coy. on the Virgin ¢. They have been 1 operation since 1923, but were recently closed pending reorgan- ization. The bondholders appointed v committee to secure a fee simple title to the properties instead of a title altics. The property was ure D. bein! in by President Harper and Clyde arrett, the intent of this move to make possible the $750,00¢ bonds in two classes under one morts $250,000 class A and $500,- 000 class B The old mortgage has been canceled and each bondholder will now be given a new bond for the one formerly held. Mining operations are to be resumed at once and_shipments brought up to capacity. Geologists have estimated very large coal deposits on the prop- erties. New I. A. B. Faculty Members. In addition to the faculty members alreac announced at W Chapter, A. B., Edward Quade, vice president of the National Bank, will conduct the class in credits; Walter D. Dunlap, former instructor in the University of lowa, 8 ting, and rust officer at the Bark & Trust Co., will guide the young bankers through the course in trust functions. The complete list of instructors wi announced at the consuls’ dinner at the Hamilton last evening. Mess L. J. Roberts and James A. Soper feel that they have an unusually strong teaching personne President W. W. Spaid of the Dis- trict Bankers’ Association stresed the great value to the junior bankers of taking cour at the institute. He said the extensive knowledge of the theories of banking was a tremendous advantage to all who are actually en- ed in the practical work of bank- Mr. Spaid also touched on the alue of the associations developed at » institute. M. Perley, chief consul, pre- d at the dinner and reviewed the hods being employed to get a rd envoliment for this year. Riggs Bank Declares Dividend. The directors of the Riggs National Bank late yesterday declared the reg- ular semi-annual idend of $7.50 per share, payable October 15 to stock- holders of record on September 30, according to announcement by Presi- dent Robert V. Fleming. Sales of the 449 Liggett Drug Stores in the first eight months this yi ached $38,007,587, an increase of over the same period last August sales were $241,6 larger than a year ago. The stores are operated by the Louis K. Liggett Co., subsidiary of the United Drug Co. of Boston. _The International Finance Corpora- tion announces the removal of its offices from the Commercial National Bank Building to room 800 in the In- vestment Building. The Federal Reserve Board an- nounces it has approved reduction of the Minneapolis discount rate from 4 per cent to 315 per cent. The Min- neapolis bank is the last of the 12 to establish a lower rate, Personal and Other Notes. Arthur N. Mitchell, cashier of the Colum? is passing two we ation at Atlantic City. Thomas J. Groom, vice president ashier of the Washington Me- chanics Savings Bank, is spending a month's vacation at his home in Mo- bile, A and other points along the Gulf Coast. I. J. Roberts, secretary to the pres- ident of the Riggs National Bank, has returned to his desk from a motor tri to Maine and other parts of New Eng- G. Meem, vice president of shington Loan & Trust Co., is back at the bank after a month's va- cation. rancis G. Addison, jr., is receiving at praise from other bankers for the time and energy he spent in try- ing to bring about permanent Satur- day night closing among the banks on Ninth and Seventh streets. It is pre- dicted that this will successfully he accomplished by another yvear, as only one institution blocked the move this year. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) 00N ——— Rat.—Maturity 4158 Dec. 15 1927 3l Mar. 15, 1998 the Richmond | BUTTER S HIGHER IN GENTER MARKET Vegetables Are Cheaper. Other Prices Wholesalers Quote Are Unchanged. Decided reductions in several grades | of vegetables and increases in the vari ous grades of butter are noted in the wholesale market quotations today. Shelled lima beans, which sold at 5a30 a quart yesterday, are bringing top price toc 0 cents and selling as low 5 cents a quart. The old style spinach is selling generally at 50 cents a crate, or about half the usual price, while New Zealand iiach is quoted at only nts a te. Good tomatoes are to be had at 5 cents to 75 cents a half bushel. _ima_beans in the pod are selling at | from 1.00 to 1.50 a bushel. Other vegetable prices remain the same generallv as they were yester- ay, with quotations as follow: Apples, 1.00 and 1.25 a_ bushel; string beans, 50 and 75 a bushel; egg- plant, 50 a crate; radishes, 1.00 a hun- dred bunches Fresh butter, one-pound prints, are bringing 4615247, in place of vester- day's price of 43ad6; tubs, 45246, in place of vesterday’'s price of 43add, while store packed is selling at 30, 2 cents higher than yesterday's prices. Today’s Wholesale Prices. Other prices are quoted generally same as they were yesterday: gs—Fresh, selected, 38a3 current receipts, alive—Turkeys, s, small to medium, 23a Spring chickens, 28; ducks, 18a20; Keats, er youns. Dressed hickens 9240; smaller, 80290, Veal, dressed, 22a24 a_pound; lamb, 24a27; fresh hams, 23a25; live lambs, 13al14: live calves, 14; smoked shoulder, 18; pork loins, 35a36; fresh hams, 24n smoked hams, 26; fresh-killed beef, 1 18a20. Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural says: Supplies moderate; demand dull; bushel baskets, No. 1, Northwestern inches up, mostly 1.75 Delaware and Maryland, 0. 1, Grimes, 2% inches up, 2.00a2.25, most- Delaware and Mary- rieties, ungraded, 1.00 s, Washington, combination fancy and fancy, Winter Ba large size. B hage—Homegrown supplies lib- ral and supplying the market. Cantaloupes — Supplies moderate; demand _moderate, market about y; Colorado, salmon tints, jum- . 365, 2.2322.50; standards, 36s and mostly 2.00; jumbo 1.00a1.15; standard s, 125 and 15s, 90a1.00; pink meats, jumbos, 36s, mostly standard, 36, . 85a1.00; stand- Hearts of Gold, standard flats, 75a85; honey dews, supplies moderate, de- mand good for good stock, market v; California, Turlock section, 1 and jumbo crates, 6s and Ss, 38a40; Spring | ancy, heavy, 23; keats, 32a33; capons, 35; ducks, Greenings, 21 ard flats, 12s, demand New York, 25a2.50; full Supplies liberal moderate, market stea 2.3 crates, in the rough, hed, 4.00a4.50. Supplies moderate; de mand light, market dull: Colorado, 45- pound crates, fair to ordinary quality and condition, 3.00a: few fancy high as 5.00. Lettuce Market Weaker. Lettuce—Supplies liberal; demand slow, market weaker; Colorado, crates, Iceberg type, 4-5 dozen, best, mostly around 3.00; generally good quality fair condition, some dirty, 2.00a2.50; New York, 2-dozen crates, big Boston type, best, 60a75; ordinary quality and condition low as 25. Onions—Supplies moderate; demand slow, market dull; Ohio, Indiana and New York, 100-pound sacks, yellows, J. 8. No. 1, 2.00a2.25; Ohio, 100-pound sacks, whites, U. S. No. 1, mostly 2.75. Peaches—Supplies heavy; demand slow, market slightly weaker; Pennsyl- vania, bushel baskets, Elbertas, large ze, 2.00a2.25; medium size, 1.50a1.75: New Jersey, bushel baskets, Elbertas, medium to large size, 1.50a1.75; fair to | ordinary condition, low as 1.00; bushel baskets, Belles, medium to large size, 1.50a1.75. Pears—Supplies light; demand light, market slightly stronger; California, boxes, Bartletts, No. 1, green, 3.50a 3 few fancy, 4.00; ripes, 3.00a3.50; les reported. Potatoes—Supplies liberal; demand moderate, market steady; U. 8. No. 1, New Jersey, 150-pound sacks, Cobblers, mostly 4.00; Pennsyl- 150-pound sacks, round whites, 120-pound sacks, round whites, 3.00; East Shore Virginia and East Shore Maryland, cloth-top stave barrel, Cobblers, few sales, mostly 4.00. Sweet potatoes—Supplies moderate; demand slow, market dull; Virginia, cloth-top barrel, yellows, No. 1, 2.50a 3.00; New Jersey, bushel hampers, big- ;';[r)n Jerseys, No. 1, 1.25a1.50; mostly Grapes—Supplies of Western stock moderate; demand moderate, market about steady; California, lugs, Thomp- son Seedless, 1.50a1.75; Malagas, 1.75a 00; Flame Tokays, 2.25a2.75; Eastern supplies light; demand slow, market dull; Delaware and Maryland, 12-quart climax baskets, Concords, 50a64; Vir- gilnjrsl, 6-basket crates, Concords, 1.50 a1.75. Tomatoes—Supplies liberal; 1-bushel hampers, 25a40. Corn—Supplies moderate; sacks, 5- dozen, 75al.00. GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, September 13.— (Quoted in dollars per million marks.) Bid, * Asked Ger Gt (w In) 5s 1014-18 .00 850.00 Hamburg 4158 1019, . 00 7500 (Quoted in “dollars per thot Ger Gen Elec 4lgs prewar Gen Elec 4158 1919. s, 313 & ds pre. 1burg’ Anier Line 4348 th German Lloyd 4 orth nan Llovd. Prussian Consols 48 pre-war nich 48 pre-war . G (Ger Ge Flec A E G (Ger Ge Elec) He emical. : Austrian A E G (Gen Ele DIVIDENDS. Pe- any. Rate. rind. Automobile. . $1 -Balke Col.1% Y Loc. pf. 1% % avenport Hy. f $1.76 G0c $1.5 Hdre. of Record. Sep. 20 Sen. 3 Sep. Sep. §en. FINANCIAL. BANK STOCKS FRACTIONAL SHARES The ten leading Washington banks included in our Series have averaged, during the past 3 years, Over 20% Gain Per Year including extra dividends, stock dividends rights, and increase in market price. The average investor should buy Bank Stock Trust Shares, for w:l:: the FRANKLIN NATIONAL BANK is Trustee, because they affo Safety Diversification Profit EQUITABLE INVESTMENT TRUST, Inc. Suite 216, Transportation Building, Washington, D. C., Main 5641 Why Wait to Answer a Later Advertisement? Mail the Coupon NOW! Ty s wrm o ey — Without obligation please send me circular .5 Name Address First Trust Notes With Interest at 62% —For Sale-- In Convenient Denominations of $250 and Up Hedges & Middleton. Ine. REALTORS 1412 Eye St. N.W. Franklin 9503 INSIST THAT YOU INVEST YOUR MONEY Be sure that the medium securing the contemplated investment is profitable. Choose brokerage connections with a house whose reputation is absolutely frse of “doubtful deals"—And above all be s- tisfied with a stipulated annual return ont your investment rather than a possible vaheard- of profit. There is satisfaction in the ¢ wnership of our proven dependable First Mortgage Noes SHANNON8; LUCHS 1435 K STREET N.W. MSPHERSON SQUARE, NORTH Lowest Rates Satisfactory Terms No Renewal Cha’rges As Mortgage Loan Correspondent for the Metropolitan Life Insurance Company (the World's Largest) we always have funds to loan to the Home Owner. - e INC.—— REALTORS 809 15th St. N.W. Main 9486 Martg_age L'aan Correspondent Metropolitan Life Insurance Company MORTGAGES IT IS NOT ENOUGH TO SAY that the element of risk is mini- mized in our 6% FIRST MORTGAGES Over a Third of a Century Without a Loss The more significant fact is that all risk is absolukely eliminated, not only as to the funds invest- ed, but as to regularity of income as well. Dodge Bros Cl A | Dodge pf (7).... Dome Mines (1). ‘n the price of | Dunhill Int (4), Srthern of North. | Dupont (19%).". ern Pacif i their respective | Bastman (+8) certificates of deposit, not only con- | Eaton Axle (2).. 28% 29% 28% 29% tinues, but has widenéd rec The enlohr & Bro. 124 12 12% 124 difference with Great Northern utoLt (16%) 97% 974 97% 97% ranges between 3 and 4 points and | Electric Boat... 19% 204 19% 20 with Northern Pacific, bet a o Power &Lt 26 26% 2 6% 8 points. Huch 1d, ec P&LE pf (7) 106% 106% 106% 106% statisticians e, implies at cc Refrigeratn 14 14 14 14 |PacTel & Tel (7) 146 160 146 speculative 10 ty of greater | Elec Refrigrts. % 15 15| PacTel & Tel pt 113 113% 113 le in mino: stocks of the ex- Stze Bat (16) 69 68% | Packard (12.90). 424 4214 41 z companies in stock of the new ' Elk Horn.".. 121 1214 Paige Motor. T as e companyg, 25 25 Pan-Am (6)..... 49% 624 49% ~ & ¢ 18% 19% 18% 19 0% T0% 69% 70 10% 104 9% 10 51% 51% 651 51% 311% 318% 311% 318% 167 167 166% 167 Hourly Sales on N. Y. Market. B34s Mar. 15, 1932 00 1pam.. 792,000 Y. 1,092,900 2 p.m... 1,368,000 +Dividend rutes #s given In the Ahove table are the annual cash payments vased on the nst ouarterly or half vearly declarations Cnicss"other-visa noted extra or special divi- nds’ aro not . nelude Init of trading iess than 100 shares. 3 Plus 1% in etock. § Pay common stock Plus 2/50 APaid this’ year—no_cegular’ ro per cent ctock, % quarterly in stock when ‘carned, e Pavanle " in 1Plus 10% in etock. g Plu B Plus $1 a share in 1 £Plis 6% in stock 1 Plus 2% 10 .k Payaple 1° 0" 0f & ehare auarterly, iny,Class A stock, m Llus Hep in stock. iy stock. b Plus 33 i preforred slock, 9 Plus one-hai? of common slock, ing of Sears, Rocbuck & Co. and Montgomery Ward & Co. The spread & share of ( 01l Well Sup. Omnibus. .. Opnhm Col (4) T6% Orpheum Cir (2) 26% Otis Elevator (6) 142% 142% 142% Otis Elev pf (6). 121 121 120 Otis Steel. . 9% M W% Outlet Co (4) 68 68 68 Owens Bot (Ct5) 78% 78% 78% Pacific Gas (2).. 41% 41% 41% PacOfl Stubs... 1% 1% 14 356 12% N (Quoted by Alex. Brown & Sons. Cloging.) 2 Abpro Asked. yield. Do.. pf. 0c & Penn.‘Dixie Cément.50c Q Oct. B. F. SAUL CO. in PREFERRED IS CALLED. NEW_ YORK, September 13 (#).— Spicer Manufacturing Co. has calied for redemption $1,000,000 par value of its 8 per cent preferred stock at $110 a share. At the close of 1926 the total preferred stock outstanding was $2,000,000, Main 2100 925 15th St. N.W. O SUBSTITUTE OR SAFETY | o Pay h o Wall PR E253zEEIRENIER obisi: FESESRPRRESE