Evening Star Newspaper, September 23, 1927, Page 14

THE EVENING “we STAR. WASHINGTON, D. C. FRIDAY. SEPTEMBER 99 20, 1927. FINANCTATL, LISTONBIG BOARD - RALLIES BRISKLY %MW YORK STOCK' EXCHANGE Received by Private Wire Direct to The Star Office. Open. High, Low. Close. Open. High. Low. Close. Open. High. Low. Close Abiest Pow (5). 1074 1104 1074 109 | Eureka Va £t 70w 7% 71 71 | Penna RR (a3) 1?3" (0 oo oty | rahme traus ‘eoples Gas . AdvRumiey.... 11% 11% 11% 11k |Fed Listien). 42 ‘:g,‘f 1:3% 1433 | Pere M prior (5). 97 97 o7 Alr Reductn(17) 178% 180% 178% 179% First N P 1st(8 100 |EhilaCo (k4)... ]ch‘fi 106% 106% 10674 Coppers, Rubbers, ~Some|Aax Rubber.... 8% 8% 8% 8% | Fisk Rubber. B Tt i a ih L T e ! . Aios Pan seaTy 98 0 9% w% et o Aol e Al SRLRE N Motors, Steels and Rails | Aitiel Ghom <), 188% 1603 158% 158% | Eisk st pe ey (1) 100 100 190% 100% | Phutp Morris... 20w 21 20k 20M Allled Cm pf (1) 122% 122% 122% 1224 | poundation (5).. 47 8o 47" 60 Phillips Pet (3). 42% 42% 420 42% Have Good Recovery. [Allischalm(e). iis 112k 1t Uik | roxmiima 0" asw o son etm | BOreCATOTLe doh (0% 100 o 91 | FTSOUERTINN - Plerce Petrolm.. 4 4 4 4 t 18% 14%|Gabriel Sn (3%) 40% 41 40 40%|Pillsbury (1.60). 34 35% 34 84% " BY GEORGE T. HUGHES. 46w 45w |GardnerMotor.. B4 B4 8 84| Pillsbry pri64) 108% 106% 1084 106 3 i s Coal...... 61 % 63% 64% ,M;‘ml‘; The Btar, 64 64 |GenBakspt (). 134 14 13 1:;% PittsStipf (1).. 97 97 97 97 |~ ORK, September 23.—The 20 20 |Gen Cigars (4).. % PittsTerm Coal. stock market rallied briskly today.| Am Bosch...... 28% 23% 23% 23% |Gen Eleo (15)... 134' 136% 134% 136% | PorRICOTobA (7) | “|Am BrSh (ji.60) 41% 41% 41 41%|GenBlecsp(60e) 1% 11% 11% 11k | Porto Rico To B. [The opening was hesitant and frregu- |y gL o tn 07 %9 %" 9" "9 [GenGasA(01%) 40 40 40 40 |Postum (5). !lar, but when it was seen that the|Am Brown Bopf 49% 49% 49% 49% (GenMotors(t10) 264 266% 263% 264% | Pressed Stl |selling which made such an impres-|AmCan (2)..... 62% 63% 62% 62% |GenlMotors (n). 132% 133% 131% 132% | Pr Stl Car pt (7) . o list Thuredsy had ceased. | A Car&Fdy (63101 101 101 101 |Gen Motpt (7)., 124% 1244 124% 124% | Prod & Refiners. sion on the list Thursday had ceased, | J7% FAR Y 0 1510 10134 101% 101 | Gen Outdr Ad(3) 51% 52t 5% 52| Producers&R pf. operations for the rise were resumed, | Am Ghiole (3)... 63% 64% 63% 64% |GenOutdrA (4). 57% 68 67% 56 | Pub Serv NJ (2) Bt first cautiously and then con-|AmDrug(80c).. 14% 14% 14 14% | Gen Ry Sig (5). 139. 1414 138% 141% | Pub Serv pf (6). fidently. Am & For Pow.. 27/ 28% 27% 284 |G 3% 34 3% | PubS NJpf(7).. # i Am&Fo Popt (7) 106 1063 106 106% % % | PubSE&G pt(6) Copperbsh'u'u were prominent on|'sm po P (240).. 51% b61% b1% b1% 66! 67 | Pullman, Inc.... the recovery. For one reason there|.m Homes rts. 1% 1% 1% 1% 53% b53% | Punta Aleg Sug. s still room for improvement in the | Amaritan 1o o8 284 27% 28% 15 15 | PureOll (12)... price level of this group on a yield|am m“m‘"(,) 52 624 b62% 524 56% 56% | Purity BakA(3). basis, and for another the extrava- ™ TH Th % 83 83 84% | Purity Bak B (2) ng-up process in so many industrials 7 78% 78% 78% | Goodyear Tire. o . have not been indulged in here. A e s 107 107 107 1074 go::msfl(z’x{.‘) Te ex T6% 64| RadloCpt (3%) % 114% 115% | Gotham new % N c . Most of Coppers Participate. | A Nachne, (1) 15304 1Gk 13k 145k | GouldCouplerd. 6 & 6 6| Reading (15) Calumet & Arizona and Greene|‘am Piano (8)..., 341 35% 3415 35%|Granby ConMin. 36% 36% 36% 36% | Real Silk Ho iCananea were the features, although | Am Piano pt (1) 96 96 96 96 |Grt Northpf (5) 100% 101% 100% 101 | Reid Ice Crm(3). all the copper stocks participated | AmPo& Lt (f1) 68% 68% 67% 68% |GtNorpfcfs(5) 98% 99% 98% 99% |Rem-Rnd(f160). fmore or less. ~ Greene Cananea made a | Am Radiator (5) 140 140% 140 140% | GrtNor O (13). 27 = 27l 26% 274 Rem-Rdist (7).. new high for all time and Calumet & | Am Republic.... 46% 461 46% 46% |Grt WesS(2.80) 421 44 424 43% | RepIr & Stl (4). Arizona sold at the best since 1919.|Am SafetyR(13) i son 4w 0 Gt West Spf (7) 121 121% 120 120 | Reynolds Spngs. There was no improvement in the|Am Seating (14) 43 43 43 |GreenCanan.... Rey Tobac B (5) market for copper metal, but that was | Am Shipbldg (8) m“, 105 104 105 |Guantanamo.... Robt Reis & Co. . nulaconslderallnm Mining shares in| Am Ship& Com. 3% 8% 3% 3% | Gulf Mo & Nor.. Rossla [ns (6)... 1 ubber shares were favored also, | Am DE(T). 3 2 under the leadership of Goodyear and | Am Snuff (12)... 130 132 130 132 | Hareean A e Pl Goodrich, with somewhat higher prices | Am Sti Fdys (3). 52% b3 b52% 53 Havel Ry pt (6) e A for United States Rubber. With the | Am Sugar (5). 92l 92% 92 92 {Hoe&CoA.. mLsDu'm", 24 Fubbers, as with the coppers. there | Am Sugarpf (7) 115 116 116 118 Hollander & Son. i i Todany s ousht agamn: refecting | Am Tor& Tel (3) 150% 1164 19% 1740 | Hrovand 2, (%) Sehulte (3%).. xha reported betterment in the pack-| Am Tobacco (8). 149 149% 149 149% HZ:'.'%'Suna ). g::gdiu?r‘il;:?' v Sng trade.- The stock made & new | AmTobaccoB(8) 148% 149% 148 149 |Hud Man (23).. SearsB (815 high on the movement today, which | Am Type Fo(8). 138 139% 137% 137% | Hudson Mot (5). Seneca Coper. . .. Jras also the highest for the present |Am W W (msic) §lt 64 €lta 63% | Hupp Mot1.40). | Shattuck F G (2) 50 par shares. m Woolen..... . 23k 23% The motor shares did better, but| Am WrPa picre 40h 49 4o 43% PR L QT (A there were exceptions, one of em | Am ZinC....ceaue . - 4 % e being WillysOverland,” which dipped | Anaconda (3)... 48% 48% 48 48y | Indian Refining. 10% 11 10% 11 gf‘,}:}’;{,"fi",‘;,‘"" o0 a new low for the year on concen-| ArmourofIll(A) 11% 11w 10% 10% | nEersel pe Si ‘ rated selling directly after the open-| Armouroflli(B) 6% 6% 6 6y |InlandSt(2%).. 50k 50w 50 50 | FmmePete- ... ng. There was no explanation for |Armour Ilpf(7) 65% 65% 6% 65% | [nepiration. il <l e S Ihe weakness. As of August 31, Wil- | Arnold Con&Co.. 35% 35% 35 35 | laterboroRa Byl SE SETH SN 5 ¢ JysOverland reported cash and cash | Artloom (3)..... 46% 46% 6% 6% |IntcontiRub(1). 124 12 124 121, §:,';':,g','cf’c bquivalents more than double all cur-| Asso Dry G (23) 50% 50% a9% 49y |InternatAgri... 9% 10 9% 10 | QR & vent liabilities, Nash motors was the | AssoD G Ist (6) 110% 110 110% 110 | 0t Agriculprior 50 = 50 = 50 50 | Shuder Pr pf., strongest of the independents, up 3 |AtT&SF (19%) 19135 1921 191k 1923 | IntBusMa (4).. 90% 907 90% 90% |3 . points or thereabouts, responding to|AtlCL (183).. 192% 192 1913 192 |10t Cement pf(7) 110k 112 110 112 | South Calif Ed the declaration of the extra 50-cent|AtlGuit& WI... 35 35 35 35 |IntComKng(2) 48% 0504 48 48y |South Dairles dividend. General Motors, new and | Atl Refining (4). 118% 119% 118 119 |IntHarv (J6)... 2218 224% 221% 223 | Sou Dairies B.. i & WELH e et Atla Inter Har pf (7). 132% 1327 132% 132% | South Pac (6).." pid, came back with the rest of the | Atlan Refpf (7). 118 118 118 118 3 market. AtlasPowder(4). 63% 63 63 3y [INtMichpf(3.20) 77 77% 76% 774 |Jouthern Ry (1). & . Atlas Pow pf (8) 1021 102% 1021 1023 | IntMer Marine.. 5 5 5 5 jSouRwyM&o, New Nork Oomiral Newr Bewk. | oo tawia k1), . ‘28h 260% 248 “SI |0 Nicket (31, o Ton o 6o Shicer MEgr 1) The buying in steel represented in | pi137 oco'pe (7) 124 126 124 126 | Intl Paper (240 08 ton oo% o3 |StAO&E (3%, art at least covering of short con: pe ) 2 ts Dut out on the previous day, but | Balto &0 (§)... 120% 121% 120% 120% | Int Paper pt (7). 103% 103% 1035 103% | Std G & E pt (4, the strength of the rest of the market | Balto&OhDf (4) 80 80 80 80 |Int!Silver...... 175% 183% 175% 182 | Std Mill (5)..... had something to do with it. The in. | BAMDET PE(§%). 109 109 109 109 | IntTel & Tel (6) 152 152% 160% 1501 | Std Millg pf (6). Hependent stecls registered moderate | BANE& AT (33). 72 78 72 78 |IntTel&Teirts. 6w 6% 6w 6w |StdOiCal(t2), gains, with the widest price swing in | BANE & Ar pfi7) 1081 1084 1084 lom Intertype(t13). 33 33 23 33 |Std OiLNJt1%) Colorado Fuel & Iron. PEnARTLeLIS); U0 %00 Sy eor.|IMneCrebyn) 4. 64 €. 6 | EOINTLSON 26 12 “In the railroad group New York %) %1 ik o1 siw|JonesBrosTes.. 234 20 284 20% | Stewari-wer (6 o% ook o 125 Central still absorbed most of the in- 5 14% 14% 141 |Jordan Motor... 18% 18% 18% 18%|Strom Car (2).n, 38 98 81 811 “":}o;'o,’fin'-“'g::gfl‘c:,;"m:r‘.":g‘; Beechnt pf B (7) 116% 116% 116% 116%| Kan City South.. 63% 64% 63% 64% | Studebaker (5).. 57% 5815 574 58 B o ey ‘Thnore ihan | Belding Bros (2) 20% 20% 20% | Kayser J (4).... 60% 613 60% 604 | Studebakpf (7). 123 123 128 123 yesterday New York Central was well | BOILIGOEIci 60 01ip abve 61% | Kolly Tire 05 v 76 80% 87 8| SunOM (1hs 204 20 305 24 ethlehem Steel elly Tire 6% p! % 89% % 89% (Sun .. 1% 3% 314 31% e I a meen Toteworthy | Beth Stipf (7).. 117 1174 117 117 | Kelly Tire8% pt 90 921 90 92 |SunOflpf (6)... 9% 100 9% 100 the other rafls weve givins way. On |Blmingdlef (1) 111 111 111 111 |KennecottC(5). 7i% 75% 74% 74% | SuperlorOll.. 4 4 3% m Wirect earnings per share New York BonAmiCIA (4) 6l 614 614 6lw|KevstoneT&R. % & % 3| SuperiorSteel.. 21 21 21 21 Central does not look as cheap as Bflt‘ll‘-fl.o:.‘ 20% 2:" z:‘/: ! Texas Corpn (3) 51 BOY% 5O fhe majority of the seasoned high- | pyincaisen (8) 180 180 180 K TexGulf Sul (4) 64 T77% T6W 6% karnings of subsidiaries. Texas &|DmriOiod) 10 Laow 1 Lo |LAEOONGEe)... 34 34% 33% 34 | TexLandTratn b8% 20 3;:_ 2, cific rallied easily and most of the | Baews Snee (). a0 st oy 42| LambertCo(5). 78 80% 78 79%|mnatcher Mfg... 211 22 201 55 jower priced ralls were firm, but 1ot | Brunswick B (1) 33 381 8o% son | L@ TIre&Rub. 14% 15 14% 14% | The Fair (2.40). 331 33% 334 3% particularly active. Business as 2 | prunswiok T 06 Jon Jo IoWiLenn&Fink (3) 37% 37% 3Th 3T4|Thompson(2.80) 57% B8l 57 58Y Whole fell off from the total of the an‘;cu;{b- 91 80 ;m g%1uhanv-1um. 103% 108% 103% 103% | midew Aso (60¢) 17 17 167 16% ¥ before. B REPDf (8). 110 110 110 110 | LSasrorre (sa) oa 124 124% 1244 | Timkcen (#5).... 1144 1175 1144 115% Irregular in Afternoon. e R e L D o s g G U s D S A L A The market was more irregular in | puciog G0 (IR 1096 118 198% 11844 | Lig Carb (3.60). d6% 484 46% 48% | mranacont oI TN T T fhe afternoon when the recovery - 106% 106% 106% Loswalno (2).. 53 &1s 63 646 T Boome 1 e Toos Tt vior. Preey | ButteCop (S0). ~ 4% 4% 4% 4% 3 B4 BT 64| Transue& WIL 20w 21% 21n 214 Arrow preferred developed weakness| B R Coniiss 95 514 80 S04 Loossiiwii(iass siis siu sin 9w | Underwoot (4).. 57 50 574 g &nd there was more selling of Willys-| -7 G Lorfllard Co .. 39% 30% 39% 39l UnBag&Paper. 47 47 46% 46% Drerland. The Industrial joaders hosl.| Calf Packs (4). 65% 65% 65% 65 | Lout (175) 26% 264 26% 264 | Unlon Carb (6).. 135% 138 1354 1374 tatod, including both Steel and Gen- | Callahan Zinc. 1% 1% 1% 13| LoulsianaOil... 11 11 11 11 ‘!;'n"ongl"m) 424 d4pu 42y 42y eral htotors. Smet& Ar(®) T8, b T8 80 |Mack Truck ) 104 108 100 toa| GReiiao (0, 15 100 18, g mment waa et ot Beutmon Pariae,| CAnMa Dy (%) B4 4% 4. i | MATem AL ()re 2004 201 2016 2014 | vacersiicaney a5 3 a3 a5 Which showed a gain of $44,649 in gross | Can Paclfic (10). 183% 1841 183% 183% | M, Sp Gar (1), 28% 23% 23 28% |11¢q Cer St pf(6) 108% 108% 108 108% fluring August, but a loss of $665,802 | CanPaciflorts.. 3% 3% 34 3 | Manison & Corr o is o i |United Drue (9) 173" 17w 173 174 In net. *Atchison was lower and there | Car CI&0 sta (5} 103% 103% 103% 103% | Mandel (2% )., 43 43 43 43 |ULADrElst dd 60y 60% 61 60 was liitlo life (o the market for most | CeseThreshe(§) 262 264% 262 264% | Man £1 Sup (6).. 4ok Son 9% e BR TR T Bt the dividend payers. On the other | CentAlloy (2).. 21w 2T 21 274 | Man Eimg (d5) 46% 46 46u 463 4 s gl v and New Haver advaneed over s | Cent Alloy pf (1) 109 109~ 109 Man Shirt (rerr 20 205 So Se|USCIPDRS (D). 114w 114% 113 114% point._‘The street still talked about a | CerrodePas (15) 654 65% 64% ok | e e Yol 10 Saiie| D DIEINLRR LW . 204 1AM ew Haven dividend next year mow |Certain-Teed (4) 48% 48% 4815 48% | Market Stprior. 52% 52w 52% 52% Tee y s 521 that the caplital structure has been im- | Corto Corpn{3% 7L 72 71 7L |Marland Oll. ... uW 5% 36w 36m| 1S meonos) ok 1B 114 T s ] % g . & “ v 4 proved by the issue of preferred stock. | GRanG.Cleve, .0 B TH 20 200 :“:tmr'y'g; i :g% 44 43, |USLeathera. a7 d0u a7 404 ChaseNatBk(14) 5890 618 590 610 |Mathieson (4)... 113 116 113% 115 | U RLeatPERe() 96% 97 963 97 T R l cn-uomuo) 195 196% 194% 195% | May Dept S (4).. 79% 79% 79% 79% | 0 STealty (4).. 625 fom 62 62 N E C&O 3). 8% T4 "“ 4 | Maytag (12 31% 31% 317 a1s| U S Rubher. F4Y% BRY BAu BRY Chi & Alton pf.. 13% 13% T e s o e v St 141U S Rub 1st {83 100% 100% 100% 100% AGAIN IS AT PARITY| S &2t e T e Miamt Copth e 1o 100 (b BAIUSSmelt (). 43u 43u Al 424 Chi Great West.. 15% 15% ;,5”‘: 16% | Mid-Continent., 28'% 29% 28% 28% ‘,’,2’;‘,’;}’.’,’,‘,""- lE,‘,., é;u &,‘u‘ 1?}.,, . AT ofs.. 1% 17% 17% 17% niv Pipe 2 25 35 28 Recovery Aided by Decline in GuinasErt 3w 3w MinSeEasor. s aon 27, 24IUnPAltA e A% 31k 0% 81w ! i n M&StP pf cfs. 31% 32 |MStP&SSMII(4) 644 644 64% 64y | Vanadium (3)... 53% K% 53% Kan . oKan&Tex.. 45 454 444 45 |VanRaalte..... 11 11 11 11 Money Rates in U. S.—Guilders 8{.";,’!"} “ 9% 95% 94 | Mo Kaa & % b ur o, 4 63 g4 | Victor ch.. 35% 86 354 36 Childs (32.40).. 60% 60% 60% 60% ::I.-ourlll:u:p‘%.) }gzv. 103 102% 103 ;Vllctorevnflln. 89 89 89 89 ontana Pow 1108 1015 101 | Vietorpro€ (7). 974 974 g1 91 Py the Associated Press. o MontgmryW(4). 8% 79 18 arn Chem.. 13% 13% 13% 13% JeSEW, YORK, September 23.—ster- Moon Motor...... 6% 6% 6% T | VaiCaren s bt Al din Aj s Market today for the first time sl'r'.‘ce Cluett Peab ()." 78% 78% 73 T34 | Motor Whi (23~ 25% 256 2% oon 69 :;u. Gune 30, 1926. Sterling cables changed | Soca-Cola (8). .. 1244 126% 124 120% | Mullins Body,.. 66l 66% 85% 66% | WabashpfA (5) 95 954 95 95% hands as high as $4.86 21-32. gg”;_';ef:lrz“) ’{.f)‘: %‘zfi u Mullins Bpf (8). 106 106 106 106 | Ward Baking B. 25% 26% 25% 26% Sterling exchange has been rising [ COLOYSI & Tron, B0 824 0% Munsingwr (3). 44% 44% 44% 44% | warner Plc A... 25% 926% 25% 964 Blowly. but steadily since the Spring ol Gar Ry (o, Yo 1 sa 133 Murray Corpn... 22 22 19% 21 |warren Rros (4) 115 128 115 123 pf the year, having reached its 1927 | G0l GAT pf A (8) 106% 106% 106% 1065 | Nash Mot (143%) 98 wa 91% 923% | Weh&Heil nf(7). 108 103 103 108 Bow level in Kebruary. The recovery | Goi Garbon (4).. 181 8% 18v4 ot Bellas He: 8 32 32 |WPennEIA(7) 107 107 107 107 :fi‘ebeer:l:!lde;d tby the decline in | Gom Cred (1) m,, ,,,,, 19% lm NatBHess pf( 87% s1v. 86% 86y | W Penn BInf (7) 111 111 1104 1104 y n the United States. |Gom Gred of s Nat Blacult 153" 144 148 144 148 West P Po (6).. 107% 108% 107t 107% Ahich has led to the transfer of hUgs | Gom Gr ot (1%}, o9% 5o% oo% ooy |NatCash R (A)S 478 46% West PPopf(1) 114% 115 114% 115 mounts of capital to London, where | ComCrpf B (2). 23 23% 23 23y | NatCityBk(t20) '109 'lzo 109 712 West Maryland. 61% 62% 61% 61% igher interest rates are available. | Com Solvents(8) 190 193% 180 1921 | Natl Dairy (3) 60% 61y |WestMd2dpf.. 62 62 62 62 This transfer of funds, which has | Com Powr (2%). 62 63% 62 63y | Nat Dept Store S S 5% 14| went Pacine 41 41 41 4l [peen_accomplished by the purchase |CondeNast (2).. 40% 41 40% 41 |NatDStist(7). 92 92 92 g2 |WestPacpf(f). 68 68 68 68 lf sterling and the sale of dollars, has | Congoleum-Nair 24 241 24 24%|NatDistillers... 47% 504 47% 40% | West Unlon (8). 160 1604 159% 159% pnaterially assisted foreign buyers in Nat Distillerspf 60 61% 60 61 |Westhse AB(2) 46% 47 46% 47 Thaking thelr Autumn purchases of |COnE CETs(144) 5% 5% 65% 65% |NatEnamel& 8. 26 26 5§ b |Westinghue(d). A Rwi Ad% A grain, cotton and other American | ConCigars (7).. 80% 81% 80% 81% NatLead (5)....124 124 124 124 |Westhselst(4). 921 92% 92% 92 farm products. Ordinarily, such pur- | Con Cigars pf (7) 101% 102 mm mz Nat Pw&Lt (80c) 24% 264 24% 26 |WestonElectric. 11 11% 11 11% (chases have been financed abroad, but | Consol Distribut % % NatRy Mex1st.. 4% 5 4y 5 |WestonA(2)... 31 31 31 81 this year British importers have found | COnsol Gas (5).. 117% 119 um mv. NatRy Mex2d.. 2% 2w 2 2 |WhiteFagle(2) 23% 23% 234 284 it profitable to make their arrange- | CONsolGaspf(5) 100 100 100 100 |NatSupply (4). 844 Bd% 844 B4% Mot (4).. 39 39% 39 39% ments in this country, which has re. | Consol Textile. . Nat Suply p£(7). 116% 116% 115% 115% | White Rock (2). 40 ~ 40% 40 40 lieved the pressure for funds on for. | COt Bake A (4). 4 Surety (10). 268 265 252 254 |WhiteSew Mach 48 49% 484 49% lelzn hanks, and exerted a favorable | CORtBakingB.. 5% 5% 5% 5 |NevadaCi1%).. 16% 16% 16% 16y |WhiteSMof(4). 56% 56% 56% 563 Unfluence on the international financial | COPt BakDE (8). 92 92 o1y, 91%(NYAIrBr(3).. 4o% d5% 45% 45| Wickwireoft... % &% ‘% % Bifiiation. Cont Can (5) 78 73 72% 72%|N¥Cent(8).... 165 168% 165 1 Willys-Overland 16% 15% 14% 15% New peak prices for the year|COPtCANDE(T).. 124% 124% 124% 124% | N ¥ Central 6% 6% 6| WillysOapf (1) 90% 90% 90 90 #'50 were established by Dutch guild. | COnt MRt (80c). 10% 10% 10% 10% | NY-C&StL (6).. 128% 131 1284 131 | Wilson&Co.... 124 13 = 12% 12% ereTiat. $0.07% conts and Gaas | Cova Pred 113y s'm 58% 57% 58Y% ) NYC&StL pf(6). 107% 107% 107% 107% | WisonCopfA.. 24 25% 24 24% 5 e rie R S Coty Inc (5). 94 94 94 |NYDock....... 60 60 60 6 |Wison&Copt.. 73 73 7iM 7% % 3 CrucibleSteel (6) 9o 90% 89% 89% |NY NH& Hart.. 49% b51% 49% b0% | Woolworth (5).. 1854 186% 184% 1864 Cliba Company. 213 30w o0 Sum|NY OB W b s by g |Wrikley (10K0.. ov. bow B Bow ' e 5% n (1). 38% 39% 38% 39 . WOOL PRICES STRONG. CubanAmS (1). 28% 23% 23 23% |NY Steampf (6) 99% 100 991 100 | Yale&Towne(5). 81% 81% 81% 81% BOSTON, September 23 (Special)— | Cuban Am pf(7)_ 105% 106 105% 106 |NY StmpfA (7) 110 110 110 110 | Vellow Truck. 33% 34 Trices were stron in the Boston wool | Cudahy kg (4). '66% 584 864 67 NorAmbloetk 574 58 574 082 TunestnSeT(s 85% B5% . and low grade : ? ) wools were most eagerly sought. Mills| DAYISOD Chem. - 8% 404 6% 40 |NorthPao(6)... 954 954 95 95 | yiwer) Smenon N. V. Market are taking a fair volume of wool and | D&l f NG (3}, 2034 208k 203 Nor Pacofs(5).. 94 94 94 94 | 13m7" 1001200 2 pm... 1.191.200 pEtpuative busing i 81a o SactotlinsvalSRITAS) S3T TR i TVl S o ITelIE), B B BB ] iy St v ) ave (e Yine territory was quoted today af | D0dSeBrosClA 18 18% 17 ~18|OIl Well§ pr. ,...,‘{‘!.,.,':‘,’{;’:,‘,°""..",','"'="" et aratians, 7.1081.15, clean basis: French combing | 008 Pf (T).... T0% 70% 6% 69% | Omnibus, .. Tinl o Xira o svecial dIvie 10581.08, half biood % | Dome Mines (1). 10% 11% 10% 10%|OpnhmCol (4).. 75 e eighina blood at 30052 and quar: DUSSEAUST @ o0 ek e ot Blovator (&) i3 B, o b o un nt (4).. 8 57% B! s Elev p! . et ol ) f“""u"i‘s‘fl &rade | Dupont (193 )-. 3381 330% 308 35216 | Otla Steel ToBias wete Quoied Bt 4YAMS, wrense | DuavemepE(T) 116 116 116 - 100k |00 o5 half blood at 45. three-eighths blood | Eastman ( . 169 169 169 169 |PacOflStubs... 1% tock. { P} 0% 4t 44%ads and quarter blood at Eaton Axle(2).| 26% 27 26 27 |PacTel&Tol (1) 148% 149 " 148 ' 148 | Tt in Whotk hl’luu!ll ihafe I snccial 4434045 Eisenlohr & Bro. 11% 11% 11% 11% | Pac Tel & Tel pf 114% 114% 114% 114% | Mock. " Plus 0% in ‘stock. i Plu lectric Boat... h h Yo 'alge Motor.... 1% tly stock. lus $3 i lrrdmcl COTTON GOODS ACTIVE. | GieoomeraLi 284 2t 264 27w OO Blk S BL B PP & 7 Clec P&LL D 106 106 106 % 652 5l 51% £V JORK, September 23 (Spe-| gjeq Refrige: 13% 13 1sn 3% 19% 19% 19% 19% TING il —Cotton koods markets were| p\o pofrig I SUB CURB LISTING. ' gt boosisi g b eagmiE‘s'“""” S 10 12% 0h 70 . 60% 69% 69% 69%| NEW YORK, September 23 (R).— D Ginbtn and it 10 ton G8x7os. | Em-Brantgm(A) 4% 4% 4% 4% | Parmi-Fam () 106% 108% 1054 106% Recent active dealings in Bancitaly ot ol bt . t End John (5)... 74 76% 74 75% |Park & Tilford.. 38% 39% 3814 38l | Corporation stock on the New Ycrk Raw silks were strong but not Very |y, ineers PubS 33 4 33 33%| Pa 4% 4% 4 4 | curb market is believed to have moved active. Engnrs PS pf(7) 105% 105% 105% 105% 20% 21% 20% 21% weveral other California corporations . Equit Bidg (7)., 84% B84% 84% B41 20 20 20 20 |to negotiate with its officials to have Directors of the Federal Reserve z’ér:-RR' sveen gt’l‘a :5“ :gz: gn ;‘ x;l-kl;l'l'o::r.. 22‘#9 234 g.nzlt: %:: :helr fiufl&l:ll I{;led '3:‘:;":?"# i N k de no change in | Erle 1st p! . ‘enicl ord. . 2 here. neitaly, said, has dra illzu:m(rz{au?v?v‘1‘:d|<:‘r:>aum"mte of 3% | ErleStmS (23%) 32% 33 31% 32% Penick&F pf (1) 1013 102% 101% 102% attention of Eastern investors to per cent at their weekly meeting yes-' Erie St Shovefsf’ 323 33% 32% 33% PennDixCmt(2) 25 25 25 some of the better grade securities of Lrie Stm Spf(1)L109 109% 109 109% PaDIxCtpf (7). 94 91 94 Far Western companies. terday. SECURITY STORAGE SPLIT-UP IS 0.KD Stock to Be Reduced to 325 Par and New Shares Issued on Four-for-One Basis. BY EDWARD C. STONE. The stockholders of the Security Storage Co., at a special meeting vesterday, voted unanimously to ap- prove the ommendation of the board of directors to reduce the pa: value of the stock from $100 to $: per share, and to issue to the stockholders four shares of the new stock for each share of the present stock. This company was established in 1906 and succeeded the storage de- partment of the American Security & Trust Co., the trust company still being largely interested in the stor- age company. The capital stock is $500,000, but it is understood that the value of the company's ware- houses and property is several times its capitalization. The stock of the storage company has always been very closely held and shares only infrequently come on the market. It has recently been quot- el on the Washington Stock Ix- change at 476 and has sold during the year.as high as 485. Under the new plan it will probably be quoted at first around 125. Clarence A. Aspinwall, who has been with the company since its early years, is president of Security Storage and the other officers, who have also grown up with the company, include Charles W. Pimper, vice president and treasurer; Charles P. Ravenburg, sec- retary; F. A. Ray, superintendent; H. L. Clayton, manager of the cold stor- age department; Paul Alvey, assistant secretary, and Miss Helen Howison, assistant treasurer. Mr. Aspinwall states that the com- pany has one of the largest storage depositories anywhere in the country, and was a pioneer in developing effl cient methods for the care and hand- ling of household goods and personal effects. He says it was the first com- pany in this city to use padded moving | al vans and the first in the world to ap- ply cold storage to the protection of furs and other articles subject to in- sect depreciation. Railway Common Is Feature. ‘Washington Railway & Electric common featured the Washington Stock Exchange today when it opened at a new high, 300, climbed to 325 and closed at 310. The day's trans- actions totaled 45 shares. The stock closed last week at 280, making a|am. jump of 30 points in less than half that number of days. Potomac Electric Power 6 per cent preferred was strong today at 110, 110% and 110%, and there was ond sale in the 5% per cent preferred at 103%. Sanitary Grocery preferred again sold at 102 and the only bank stock out, Commercial National, closed at 270%. On the bond side Washington Gas 6s Series B, sold at 105 and Gas 58 at 102. Market Company Changes Name. .8tockholders of the Washington Mar- ket Co. yesterday ratified the proposal of the board of directors to form a third company to be known as the Terminal Refrigerating & Warehousing Corporation. The plan was outlined by the directors several weeks ago. The new company will have an author- ized capital of $1,000,000, to be divided into 20,000 shares with a par value of $60, the same as the present stock of the Washington Market Co. The new ‘company will exchange the stock share for share with the market com- pany and also hold in trust for the Washington Market Co. all the stock of the subsidiary Terminal Refrigerat- ing & Warehousing Co. ‘When the new rprporfl.lion acquires ownership of all the stock of the mar- ket company, it will take over the d!- | F\ rect ownership of all the assets and liabilities of the market company and its subsidiary, and the two then will 5 be dissolved. And in due time appli- cation will be made to list the new stock on the local exchange. Reports show that the Washington Market Co. is in excellent financial condition. It has, however, outgrown its charter and the present steps are being taken to remove these limita- tions, thus permitting it to conduct business on broader lines as well as more efficiently and economically. The reorganization committee was composed of Charles J. Bell, Wris- ley Brown and Eugene E. Thompson. The directors of the old company, as well as of the new company, are Charles J. Bell, chairman; Wrisley Brown, Clarence A. Aspinwall, Apple- ton P. Clarke, jr.; Gustave F. Fors- berg, William M. Hannay, James B. Lambie, Ralph W. Lee, Robert D. Marshall, Clarence F. Norment, Sim- eon T. Price, Willlam P. Reeves and Eugene E. Thompson. Two Dividends Declared. At its last monthly meeting the | board of directors of the National Cap- ital Mortgage Co. voted the payment of the fourteenth quarterly dividend on the preferred stock at the rate of 8 per cent per annum, and an extra quarterly dividend of 1 per cent in ad- dition to the originally established an- nual dividend of 8 per cent on the com- mon, payable October 1, 1927, to all stockholders of record September 20. ! waq) Fifth District Ratio Drops. A sharp increase in use of Reserve Bank credits in the local fifth district is made evident by the weekly state- ment of Federal Reserve Bank of Richmond, released today. This re- veals a drop in the reserve ratio to 4 new low for the year at 46.81 per cent, from 53.98 per cent the week before. Rediscounts jumped to $29,557,000 from $£5,085,000, and_bills bought in the open market to $23,557,000 from |C] $19,694,000. Member bank reserve de- posits also showed a decline during the week, totaling $71,760,000 on Sep- tember 21, compared with $74,130,000 the week before. The reserve ratio of the 12 Federal Reserve Banks combined was 30 per cent higher than the Richmond ratio, standing at 77.10 per cent. Hotel Company Votes Dividend. The board of directors of the Fed- eral Capital Hotel Co., at a recent meeting, voted a quarterly 2 per cent dividend on the preferred stock. The dividend is payable October 1 to all stockholders of record September 20. Finds Country Prosperous. General. economic conditions over the country are good, and the volume of life insurance being written reach- es new high levels, with the outlook bright for still greater developments Canadit to come in the field, according to Wil- & liam Montgomery. president of the Acacia Mutual Life Association of this city. who has returned from a business trip which took him as far as the Pacific Coast branches of the | Gen. company. Large Enrollment Reported. Chairman ‘James A. Soper of the institute educational committee re- ported today that enroliment for the various classes came in rapidly last avening at the chapter rooms. Class- work starts next Monday in commer- cial law, Raymond B. Dickey, in- structor; standard economics, F. J. Donahoe, instrucfor, and investments, in charge of Y. E. Booker. KEROSENE ADVANCED. NEW YORK, September 23 (#).— Sinclair Oll has advanced the price of keresone 1; cent to 7 cents at Atlantic Coast !!rmln!lli Philadelphia and'} New York. GINNINGS REPORT SENDS COTTON UP Reactions Follow Excited Ad- vance and Market Be- comes Quieter. By the Associated Press. NEW YORK, Septembe: 3.—The cotton market opened easy today at a decline of 19 to 27 polnts, December selling off to 20.25 and March to 20.54. | while the prices of October broke to 19.94, or the lowest figure touched since last August. Selling was attributed to futher Southern hedging, combined with liguidation promoted by relatively easy Liverpool cables; a private crop indication report of 13,800,000 bales and cxpectations of large ginning figures. There was trade buying and cover- ing on the decline which cauged ral- lies of 9 or 10 points from the lowest, and the market was less active after early offerings had been absorbed. An excited advance immediately fol- lowed the publication of the census report. The ginnings of 3,505,552 bales reported prior to September 16 were evidently below recent expecta- tions, and December contracts promptly advanced from 20.23 to 21.24, or a cent from the low level of the morning, and 71 points above yester- day’s closing figures. Quick reactions of 45 to 55 points followad under heavy realizing, and the market was quieter around midday. A private crop report wae published pointing to a yield of 13,788,000 bales, which may have helped to check the advance on the ginning figures. Washington Stock Exchange SALES. Washington Gas 6s ! Washin $1.300 at 10! wien Bwg, ‘51} e, cong, f»—sgon T B — 500,10 at 505, 10 8¢ 310, 5 C refal N; —2 ® .;%m al National Bank—2 at 270, 10 at Sitary Grocery Co. pfd.—10 at 102, 1 AFTER CALL. l'ainmmslilcrtrlg“.nm 6s—5 at 110, 10 1107 Washirigton Gas 55—$1.000 at 102 Potomac Electric pfd. 5%s—b5 at 103%. Money—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC 'Jl'lLlTY. at Bid, Asked Amer. Tel, & Telga. 09 %, E Amer, Tol, ‘& mn 1003, 104 il 1009 & P Tel. 102 pital Trufllmn R. 102 City & Suburhan 5s. 96 Geurtflown Gas 1st 101 Fotomac Elec. st b 101 Botomac Elec cons. 10 = e SR tomac, Elec 63 ms’x h.. Alex. & Mt. Fy S5m °.£=». 5 Wash: Ry % Fioc 4a 88 Wash. Rwy. & Elec. gen. 6s. 103% MISCELLANEOUS. Barber & Ross. Inc.. 6} 7 Chestnut Farmis Diiry 1085 108 Cheyy Chase Club 5 1l D. € Faper Mig. os A 1 Joint Stock L'd 100 s-m“\.mn&m{ S5 198 o Wardman Park Hoter $7is.. 985 STOCKS. PUBLIC UTILITY, si7s ington _Gas Nortolke & v aeh: su--nml Botomac Elee, pfd, Potomac Elec: 1d, Wash. & Fiee Waon R & B LK NATIONAL lIAHl National Cavital = bia Nat. Bank of Wishington. TRUST COMPAN American Security & Tru a) - Merchants’ il Union Trust Washington SAVINGS BANK. Bank of Bethesda. Commerce & Sav ast_Washington, Botamat Security Raventh Walthoaton Stechaiivs FIRE INSURANCE. American orcorar iremen National Columbia Title al Estate Tit itle Inv. Co. of Md. com. MISCELLANEOUS. Barber & Ross. Ine.. Chevy Chase Dairy” pfd Col. Sand & Grayel Co. i ial Co. " o 1 100 48 101 108 110 8 130 100% 103 0% 1if b 11 R 1t 2 i85 80 Seo Washinton Masket. 50 58 ash. Medical Blds. 138 e rd & Lottrop i 111 *Ex dividend. Unlisted Department. (These securities not listed under Exchange rules.) BONDS. Army_an, Nevg Ciub Be. 87 osmos Club . City Club'7s. ;% Metropolitan Club 4% 00 STOCKS. Anacostia Bank Chapin-Sac) Chapin-Sacl Connecticut ~Pi ‘hristian Heu 2 =t oy & s —asa § frtam e S IR R B & & - & - S Dt SHOBT TERM SECURITIES. (Reported by J. & W - Seligman & Co.) Bid, Offer. Alum, Co. of Amer. Bs 1052 100 100% Am. Tel. & Tel. Co. 48 }%s 994 99 American Tarcaa Cy. 65 1078 1018 19315 Anaconda Copocr 43 To2o.. 1024 102 Aswociaied Oif s 103 10234 103 timore 102% 108 834 aaw 100 100% 991 99 1008 101 104" 104 iogy 19 108% 180w 1088 107 102 l% 102% 10 1067 1 gy 100% 100% 29 00 1088 1odn 1084 103% oD% 90 1004 - 100 08" 0 i"g 10 3 1035 0o% 101 TREASURY CERTIFICATES. (Reported by J. & W, Seligman & Co.t to—Matyel ar. 1 rfia B plF LUMBER TRADE BETTER. | NEW YORK, September 23 (P).— The lumber industry took a spurt in the week ended September 17, soft- wood mills showing a remarkable in- crease in new business over the weel before, about 18 per cent; shipments nearly as much and production about half as much, the National Lurhber Manufacturers’ Association reports. All the reporting mills had orders averaging 98 per cent of production, and in the case of the Southern pine this ratio went to 115. per cent. Seventeen fewer comparable mills re- corded a 5 per cent increase in pro- duction over a year ago, about the same decrease in shipments and a smaller relative decrease in orders. Hardwood mills reported increased production, shipments and _orders over the previous week. Unfilled orders of 223 Southern pine and West Coast mills were 610,007,055 feet, against 570,125,434 for 226 mills the week before. | All Surety Bonds Geo. H. Price Co., Inc. F. Harold Deland, Pres. 815 15th St. Main 4793 REAL ESTATE LOANS 53 % FRED T. NESBIT 1010 Vermont Ave. Malo 0392 IDEAS— are worth money BUILDING MATERIALS DOWN. NEW YORK, September 23 (®).— | The trend in construction materials prices is downward and particularly so in lumber and brick. The price de- pression in building materials, which started at the beginning of the year, has been slight and has been offset by rather steady labor rates. Compared with this time last year, the decline in costs, which includes labor as well as materials, is in the neighborhood of 2 per cent, Engineering News-Record re- ports. Pig iron prices continue to sag, with little prospects of early recovery. The Mutual Benefit Life man has them. See him when he calls. THE MUTUAL BE N EFIT LIFE OF ARK, 3 Mortgage Money Loaned at Low Interest Rates Economic_ Conditlons Tyler & Rutherford Loan Correspondeut Mutual Beuetit V.ife 1520 K S!reet Main 475 LOAN —on improved D. C. property at prevailing rates of interest. See Mr. Field Hedges & Middleton, !nc Realtors 1412 Eye St. N.W. Franklin 9503 In Nearby Virginia 5 l / rmdenti.lco nsurance Co. 2 /0 Loans Commonwealth Investment Co. P17 15th Nt. NW Phone Main 2623 'WE FINANCE ~—all siasses ncome nroducine DU Large Loans a Specialty Current int rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. Money to Loan R Continental Trust Co. Jos . Weller it Wty “ih &Y NW 14th and H Streets ital $1,000,000. Bll ck & Company Capital $1,000,000.00 BROKEKS Checking Accounts Established 1916 . Stocks Bonds oot s Grain Cotton F e s Write or call tor weekly mar- omn m’“ ot latier” e Commercial Credits Travelers' Credits BUCK AN"B (I:’QJAPANY | Travelers’ Cheques 1120 New York Ave. Acceptance Credits — Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Secured by Adminiomm.‘ Executor Improved Real Estate Safe Deposit Boxes in the D. C. Assured Continental Trust Co. Annual Return 14th and H Streets HANNON. & LUCH WADE B COOPEK. President 5 1435 K Street N.W. Ll e 4 %MW%%%%%%%%% Equitable Co-Operative Bailding Assn, JOHN JOY EDSOV. l’relldent WALTER 8. PRATT, Jr., Secretary Organized 1 47th YEAR COMPLETED Assets . 85.32&.03! 94 Surplus ........ ..$1,469,905.78 Subscriptions for the 93rd Issue of Stock Bem; Received LET THE EQUITABLE HELP YOU GET AHEAD ’lhe Equitable’s’ systematic sz\mgl plan provides the way for financial inde- pendence. It encourages savings in a § Per regular manner and helps you accumu- Share late money. Start today and learn of this wonderful systematic savings plan. kT 915 F_STREET %%%%%fi%%% FIR ST MORTGAGES A MAN AND HIS MONEY —cannot be parted when his investment funds are placed in our 6% FIRST MORTGAGES Over a- Third For the principal remains per- petually - safe and consistently of a regular in its semi-annually Century returns of interest earnings. It Without a will .pay you to inquire con- P cerning the convenient range of amounts covering these mort- gage offerings. B. F. SAUL CO. Main 2100 - 925 15th St. N.W.