Evening Star Newspaper, September 27, 1927, Page 15

FIN FEATURE OF BONDS Industrials Quiet and Irreg- ular—Small Manufacturers’ Securities Are Weak. BY CHARI Bpecial Dispatch to The Star. NEW YORK, September 27.—The Current preference for public utility stocks in the speculative market finds duplicate in the demand for publie utility bonds in the investmentt mar- ket. They were the features of to- day’s trading, both on the Stock Ex- , ¢hange and over the counter. ‘The two factors responsible for this are the increase in earning of power and light gompanies, in spite of the reaction in general business, and the higher average return available on these bonds in_competition with rail- road issues, Thé success shown by ANCIAL UNITED STATES. (Sales are n $].000.) Sales. High. Low. l0se. 9 101 18 101 14 101 18 10310 1036 10310 100 16 100 15 100 16 100 29 100 28 100 29 103 30 103 29 103 29 109 109 109 11331 11330 113 30 Lib 4th 4%s 63 US 4s1944 1 US4yss2. 7 Sales. High. Low. Close. 17 96% 96% 964 Argentine 6s Ju 59, Argentine 6s Oct59 Argentine 6s A, Argentine 6s B. Australla 68 1955, , Austria 7s Bank of Chile Brazil 8s Bremen, recent new public utility offerings has also contributed to the strength in this group. Utah Light Examplé. 'Avi“butetanding example today was | Copenhagen 5%8.. ' 2 101% ' Wtah Light & Tractlon 5s, which sold at a new high for the year and in the st two sessions have advanced 1% oints. For a long while there was a gpread of between 4 and 5 points be- veen these bonds and the Utah Power Light The North Amer- n 1dison 5s, Detroit Edison Gonsolidated Gas 5%s, Hudson-Man- Hattan 6s, It nal _Telephone €1%s and the West Penn Power hav all been gradually advancing recently. Although the local traction group was rather heavy, and Brooklyn-Manhat- thn Transit 6s below 96, there was a sharp rise in Brooklyn Union Elevated bs_on moderats trading. Industrials were quiet and irregu- r. Intérnational Paper 6s advanced # point, Humble Oil new 5s were ap- proximately back to their issue price, Rubber 65 sbld below 94 again, Dodge were in supply and there were several weak situations visible in the honds -of - small manufacturing con- derns. : { The decision of the Denver & Rio Grande Western directors to withhold Interest on their general mortgage 58 wnd apply the equivalent to upbuild- ihg the property had little effect on the price of the bonds. Erie con- vertible Ds were still strong in spite the approaching end of the con- rsion privilege. New Haven con- vertibles were firm. There was a very active market in Western Mary- lnd firsts at 86. Soo Line 5s ad- vanced to 92, compared with last week’s low of §8%. Rail List Changes Smal In the legal railroad list chanes ere small, but generally upward as 1 the casv of Atchison 4s and Union Pacific 4s. United States Government #34s continued to gain ground, selling today at 101%, and are now % higher than the fully tax-exempt 33gs. ' French issues exhibited more strength than for a week or so. De- pagtment of Seine 7s advanced % In" théfe were fractional gains: in theé French government 7s and in the French rails. Polish 8s advanced above par. Brazilian bonds were high- er. The German group was not af- fected by the Prussian loan incident, though this may prove to have an important bearing on future foreign borrowings. From present indica- tions the total of new issues in Sep- tember will not exceed $450,000,000. AP Washington Stock Exchange. SALES. i . & Elec. 48—$1.000 at 880 3 v..-f':'us L SHQ0 at 803, Potomac_ Electric pfd. 5%8—10 at 108%; 30 at 10ds. 5 at 1043010 at 104%; 10 04 %. 4 104, 10 at 104%. 10 045 Pactaci AFTER CALL. Washington Rwy. & Electric 4s—$1.500 .;‘.V‘g:l‘dqan Gas Light—10 at 78%. 3 at 7'3‘;:}09;“ Blectric pfd. 6s—35 at 110%. 8 st 110 fd. 51 5—10 at 1047, "R‘figfiifi Eeand i 58008 S infi'%fi":f'fm‘ Potomac Telephone 55— Washington Gas '—$100 at_103 Commerciar Netonal Bak: **crenthaler Linotype—20 at 112, Money—Cali loans. 5 and 6 per cent. BONDS. Bid and Askec ! Prices. er. Tel. & Am Asked., olga. Iga. Potomac Elec };unmlown Gas_ st otomac El stomac Elec ash.. Alex. & Mt Wash.! . MISCELLANEOQUS. arber & Ross. Ine.. ot Vash. Market bg 1 Wardinan Fark Hotel STOCKS. PUBLIC UTILITY. mer. Tel. & Telga. Soetan ™ Traction. NATIONAL BAN National Gavita chants' Bank ...’ 2 nion Trust ... vashington Loan & Trust SAVINGS BANK. Bethesda . Stingrce & Sav s t Washington. . avings Ba Lotants Sav. & Com. “nited States E Wathlneton Mechaiics FIRE INSURANCE. American . Lorcoran sen Navonat” vaios.. ol hl:l l'n"f]l'(h! 3 g MISCELLANEOUS. & Ross. Inc. com... *38% Zarve” Chase Dairy pid: . Col. Sand & Gravel Co. pfd Commercial Navl C ¥’ C. Paper ofd. Fudoral Star Federal-American Federal-American_pf ton Monotybe ts Tras W Wo ol rd & Ex #lidena BUTTER UNCHANGED. Canada 5s 1931, Canada 58 1952. . Canada 5%s 1929 Christiania 6s. . Con Pow Japan s, Cuba 5%s.... Czecho 7% rots, Czecho 851951, Czecho 8s 52 Denmark 6s. : Dutch East 1 65 47. El Salvador 85 48.. Finland s 63 45 Finland 7s French 71s. French 8s. .. German EI P 6%s, German 7s..... o German Agr Bnk 7s Ger Gen Elec 7s... Japanese 4s. Japanese 61 Lyon 6 Marsell| Montev s Netherlands 6s 54. Netherlands 6s 72. Nord 6%s... Norway 5%s. Norway 6s 1943, Norway fis 1944, Norway 6s 1952, Orilent Dev deb 6s. . Paris-Ly-Med 7s.. Paris Orleans 7s. .. Peru 8s. Poland 6s 40 Poland 8s. Prague 71 Rhinelbe Un 7 Rio de Jan 8s 1946. Riode Jan 8s47... Rio Gr Do Sul 8s... Rome 6%s.... Sao Paulo City 8s.. Sao Paulo 85 1936. ‘Toho Elec Pow 7 Tokio 5i Utd Kingm 5%s 29, Utd Steam Corp Uruguay 8s. Yokohama Am Smit& R 1 Am Sugar ref AmT&T cl tr 4 Am T & T ol tr 6 Am T & T sf bs. Am T & T deb 5% Am Water Wks 5s. Am Writing Pap 6s Anaconda 1st 6s. . Anaconda cv db AndesCop deb 75 4 Armour&Co 4 %s 39 Armour Del 6% Atlantic Refin §; Barnsdall 6s 1940 Beth Steel i Brier H St 1st 5% Bklyn Ed gen 6» Con Coal Md 1st Consumers Pow Cuba Cane cv 7s Cuba Cane cv 8s Cuban Am Sug 8 Denver Gas bs. Det Edison ref 6s. . Dodge 6s..... Donner Steel 7s. ., Fisk Rubber 8 Goodrich 6%s Goodyear 5s ref Goodyear 8s 1941, Indiana Steel 5s. KanG & El 65 5. Kelly-Spring 8s, Lackawa 8 58 50. Laclede G §5%s 52.. Liggelt & Myers s Liggett & Myers 7s LouisvG & E 58 62, Manati Sug st 7% Mid-Con 6148 40... Midvale Steel bs... Montana Pow 5s... Mor's & Co 1st 4148 Nat Tube 1st 5s.... NYGELH&P 4s N Y Tel 4%s.. . N Y TelGa41. N Y Tel 6s49. North Am Edis bs. Nor Ohio T & L 6s. Nor States Pow 5 Pac Gas & El s PacT & T 68 6. Pan-Amer Pete Phila Co rt 63 A Phila&RAC& i 6s Pierce-Arrow 8s... Public Service 6s. P Ser Gas 5'%s 64 Punta Alegre 7s. Remington Arms Sharon Stl H 8s., Sinclair Ol 63%s. Sinclair Oil 78 Sin Crude Oil 6s. Sin Pipe Line 58. Skelly Oll 5% Southwest Bell 5s. Sug East Orient 7 United Drug 6s.... U S Rub 1strt bs. US Rub 7%s Utah I'ow & Lt 5 Westn Union 61¢s. Westinghouse 5s. ., Ann Arbor 4s.. Atchison gen 4s. “EHICAGO, September 27 (#).—But ter unchanged; receipts, 8,081 tubs; ‘esgs unchanged; receipts, 6,394 cases. Au& Danlstdsds. 6 82 AtlanC L 4%s 64 FOREIGN. Paris-Ly-Med 6s.. 168 96% 12 95 MISCELLANEOUS. 12 108% 108 196 95% 100 105% 104% 105% | St L S W con 4s 32. Int Tel&Teleg 4148 321 Standard O11 N J 68 ‘Tenn Elec i'ow 6s.. Toledo Edn Ist1s.. 13 108 108% 108% U S Steel sf 61 o Vertientes Sug 7s.. Wilson & Co 1st 68. Winchester A 7%s. Youngstn S8&T 6s.. 29 105% 106 RAILROAD. Atlantic C L 1st 4s. Buff R& Pitt 4%s. Can Nat 4%s 30 Can Nat 415854 Cauad North 634 Canad North 7 Canad Pag Can Pac 4%846.. Cent of Ga 515, Central Pacific 4s. Cent Pao 1st 58 90. 18 99y 4 99y 16 99% 5 22 99% 104% 104% 107% 107% 104% 105 114% 114% 110 110 104t 104% 00% 09% Chi & Alt 31;s ctfs. Chi B& Qgen 4563 4 CB&Q4%s77B. 30 ChiB&Qistrfss., 1 CB&Q-Illdids... 3 Chi & E 111 gn 63 51 113 ChiGt W ¢s69.... 66 CM&StP 48 25cfs. 3 CM:S[ Pgngy.. 10 e CM&StPov4lgs. oiw 102, | CM&SPov Kssiers gz 9% (S 2 101% 101% 102 102 106 106 108 308 108 108% 105 105 1047 104% 1074 107 96% 96% 100% 1004 4 106% 105% 106 106% 114% 114% 1105% 110% 9T 9TH 106% 1081 1013 101% 104 1044 9615 964 100% 100% 108 103 1024 102% 96% 96% 95% 954 9% 91% 107 1023 103 102'4 102% 105% 106% 5 102'% 21 106% 19 102 1101% 9 984 5 102 1 106 14 108 21 108% 1 105 2 104% 8 107% ChiRys5s........ ChiRI1&Pgnds.. ChiRI1&Prfds... ChiTH&EESs... Chi T H inc 68 60.. Chi Un Sta 4}4s. ... Chi Union Sta 5s 44 Chi Unlon Sta 614s. Ch1 & W Inden 4s. . CCC&StL4Ys C& W 151862, Clev Term 3s Clev Term 5% Cuba R R 6s. De! & Hud 1st rf 45 Del & Hud cv 65 35. Del & Hud 5%s. ... Den & Rio G cn 4s. D Rio G West 5s 1014 1013 | B e Yo oom | Erloconv 4s'A 103" 103 | Erie conv 4s D, 103% 103y | Erie ovt 5s 67 106% 1063 | Erie con ext 7s 1004 100% | Erle Genessee % 101% 101% | Fla EC584...... 103 103y | GF Trunk stdb 6s.. 1031 1031 | Grand Trunk 7s. 1025 10314 | Gt Nor 416876 D... Great North s.... 95% 96 |Great North 5%s.. 98 96% | Gr Nor gen 7s. 102% 102% | Hud & Man ref 5 39 106% 14 101% 10 103% 13 96% 11 108 1 101% 5 108% 1 844 <195 100% 3 105% it 6 112% 112 1121 | Int Rapid Tran 6 7 105% 105 105% | Int Rap Tran 7s... 104% 104% | Int & G Nor 1st 6s. 106% 106% | Int RysC A Bs 72,, 91 91 |KanCity Ft S 4s. 111% 111% | Kansas City 8 bs 106% 106 | Kan City Term 4 Lake Sho 98% 98% | Lehigh Val 6s 2008. 104% 104% | Long Is rf 45 49, 104 104 |L &N 4%82003. 118% 114% | parket St 78 40.... 0% Jow|MstP&ssMends 1 117% Utd Kingm 5%s 37 119 105% 15 96% 5 110 94% 95 108% 12 103% 103% 108% 17100 99% 100 20 102% 102% 102% 1 104% 104% 104% Nassau E Ry 48 67, New Or Term 4s... N Y Cengen 3% 14 100% 100% 100% 49 93% 93 93% 28 104% 104% 104% 31 109% 109% 109% 8 107 106% 106% 14 90% 90 90 |NYOntWists L NY O&W gen 48 65. 14 %0 8yu som 4 101% 1014 101w | N T Ryegacs ... 97% 97% | NY StateRy 6%s 62 3 106% 106% 105% | N Y W & Bos 4 128, 2 107% 107% 107% | Norfolk & W ch 4s 8 102% 102" 102 | Nor Pac 38 2047, 12 102 101% 102 | Northern Pac 4s 9105 104% 105 | Nor Pac 438 2047 1105 105 105 |Northern Pacr! 68 5 105% 105% 105% | Ore Short L rfs Pennsyl con 4% Pennsylgen4 s Pennsylania gen 58 Pennsyl 68 64, New Haven 4s 55. , New Hav deb 4s 56. New Hav deb 4s 57. New Havad 6 - (=T - 10 96 96 19 98 98 98 7 108% 108 108 2 100% 100% 100% 2 108% 108% 28 87% 87 StL IM&S 4829, ., 951 St L IM&S gn 58 31 81 1204 1204 1204 | 5,7 ESREGHs . 3 102% 102% 102% | St L& S F pr In 2 99% 99% 99%|StL&SFEi4s 41064 105 105% |StL &S F adj 3 994 99 99%|StL&SK incés 13 102% 102% 102% | StLS W 1t 4. - 11 107% 107% 107% 2 s 23 104% 104% 104% | St P & KCShL 4148 95% 95 95% |San A & Arn P 4 6 106% 106% 106% | Seab A L ref 45. 1 103% 108% 108% | Seaboard A L 4s sts 1 101% 101% 101% | Seab A L adj b 6105 105 105 | Seab A L con 6s... 1 104% 104% 104% | SB All Fla 6835A. , 1 123% 123% 128% | Sou Pac 48 9. 7 103% 108% 103% | Sou Pacific ref 4 6107 106% 107 |Sou Ry gends 1 104% 104 1041 | Sou Ry Con 65 94, 27 100% 99% 100 | Southern Ry 638, 8104 104 104 [Sou Ry Mo&O 4 16 86% 86 86 | Third Avref 4s60. 1105 105 105 | Third Avead)j 6s. 3 105% 105% 105% | Tol Tr L&P 5} 5105 105 105 | Union Pac Ist 4s. 5 116% 116% 116% | Union Pac 1st rf 48 1 95% 5% 95% | Union Pac 1stret & 3 3 100% 100% 1004 | Union Paccv 6s... 1 3 109% 109% 109% | Virginia Ry 1st6s, 20 10 111 110% 111 | Wabash 6s 76 B... 11 65 101 100% 101 | Wabash 5%s76... 1 9 99% 99% 99% | West Maryland 4s. 175 6 102% 102 102% | Western Paclfic 68, 18 15 103% 103 103 - o 3 104% 104% 104% 5 102% 102% 1028 10 104% 104% 104% 2 100% 100% 190% 6 951 95 95k 9 106% 106% 106% 1 106% 106% 106% 1 106! 106% 104% 1 106% 106% 103% 3 9Th 9T 9TH% 1 108B% 108' 108% 16 Y6 95% 95% 7100 100 100 6 100% 100% 100% 13 937 93n 93% 7 954 95 954 8 106% 104% 104% 4 103% 103 1034 2 100% 100 100% 8 107% 107 107 RBeR e R rBucoaonbarrerrSoe®e wet e ool abela whites, 1.65. other nhesota North vurals, 1.50a1 ndon, pound. . E‘ontrnl. dollar 1 107% 107% 107% | Paris. franc 3L 94 93% 93% | BrY) 8 104% 104% 104% | Rom 42 1094 109 " 109 | 27 1 0% 100% 100% | e | 55 100% 100 100% | Vienna Prown. 1daewinan i | EEacee e, 5 103% 103% 103% 1 101% 101% 1015 5 106% 106% 106% 1054 Oslo, crown Stockholm, ‘crown 81% 8l1% years i prison, ¢ sacked round whites, Dakota NG STAR, WASHINGTON, D. C., TUESDAY SEPTEMBER 27, 1927. UTILITIES DEMAND | (oxew vom_ BONDS srooxmemavee] |TREND DOWNWARD Received by Private Wire Direct to The Star Offica 100% 106 106% 102% 112 106% 957 96t 9Th 100 104% 95 100 1047% 118% 891y POTATO MARKET FIRM. CHICAGO, Il1, September 27 (#).— Potatoes—Receipts, 156; on track, 422; total United States shipment, 938 cars; trading slow account Jewish holiday, market firm; Wisconsin sacked round 1.70a1.85; for Antigos, Wiseonsin, 1.50a1.65; FOREIGN EXCHANGE. « turalshed_bs W. B Hibbs & Co.) el ::{vozxnm Sebge thecks EN - .84 85 27100 Found guilty of forging public docu- 8 821% 82% 82| ments, a mayor of Alb: 19 97w Y6% YT | Biven one of the long: 1 97% 97% 97% tences ever imposed, lie being con- 6 100% 100% 100% victed on 217 counts ¢ iling -for 3,083 ON CURB EXCHANGE Royal Baking Powder Slumps Further—Utilities Resist. Selling Better. BY WILLIAM F. HEFFERNAN. Spectal Dispatch to The Star. NEW YORK, September 27.—The price trend of the main body of Curb Murket stocks today was definitely downward. There were exceptions, but the manner in which recently prominent industrials were being liquidated indicated that speculative sentiment was not as optimistic about future price movements as it had been. The market late yesterday proved itselt vulnerable to selling operations, and those who had good sized profits accumulated on the recent upward movement were dis- posed to even up accounts. That more attention was given words of warning by prominent indi- viduals was evident by the further sharp decline in Royal Baking Pow- der shareg, following the statement by the president vesterday. Yesterday's decline of 36 points was extended 12 points today. The rise from the vear's low of 161 to 339 had been accompanied by rumors of an im- portant corporate change to provide for a merger with another prominent food products company. These re- ports were emphatically denied in the statement of President Zeigler, The stock changed hands at 247 today. *Celanese Corporation, old, which hadgbeen one of the prime favorites folloWing it recapitalization, was In supply below 10612, where it was off more than 2 points. Among the low- priced issues American Rayon Prod- ucts was heavily offered at a decline of 113 points. Newmont Mining drop- ped almost 2 points, and there was plenty of Goodyear Tire for sale when- ever bids came into the market. Ford Motor of Canada retracted part of the 25-point loss of yesterday fol- lowing _publication of earnings for 1926. These disclosed net profit equal to §76.30 a share on the 70,000 shares outstanding. Public utilities resisted the selling better than most other groups, but their action was not as thepiring from a bull standpoint as it had been at the ontset of the week. American Gas & Electric, Electric Bond and Share and American Super Power issues con- tinued in demand at higher prices, but their strength failed to be com- municated to other groups. Baltimore Markets. BALTIMORE, September 27 (Spe- cial s«White potatoes, bushel, 1.25; barrel, 1.50a3.25; sweet potatoes, barrel, 1.76a2.50; yams, barrel, 2.00; beans, bushel, 50a75; beets, 100, 1.76a8 50; cabbage, 100, 2.00a4.00; car- rots, 100, 2.00a4.00; celery, crate, 1.25a 2.00; corn, dozen, 10a25: cucumbers, bushel, 1%50a2.25; egg nts, basket, 25a40; lettuce, crate, 1.5(:2.00; beans, basket, 50a85; onions, 100 pounds, 1.00a1.75; peppers, basket, 20a 30; spinach, bushel, 40a50; squash, bas- ket, 40a50; tomatoes, basket, 15a35; packing stock, bushel, 25a35. Apples, basket, 25a75; barrel, 550; cantaloupes, crate, 90a2.25; crab- apples, basket, 50a75; grapes, common, basket, 50a75; damsons, bushel, 2.00a 2.25; peach bushel, 1.00a2.50; pears, bushel, 1.25a3.00. Hay and Grain Prices. Wheat—No. 2 red Winter, export, L.38%: No. 3 red Winter, export, 1.35%; No. 2 red Winter, garlicky, export, 1.34%%; No. 8 red Winter, garlicky, ex- port, 1.31%. Corn—No. 2 yellow, domestic, 1.15; cob corn, old, 5.50 per barrel, nominal. Oats—No. 2 white, new, 57a58; No. 3 white, new, 56a57. Old oats selling 2 and 2% bushel over new oats. Rye—Nearby, 10.00a11.00, Hay—Receipts, 44 tons. New hay Is arriving in only limited quantity and in somewhat irrczular condition. It is, therefore, not leing officially graded and sells strictly on its merits, within range of 15.00 and 17.00 a ton, timothy and clover grades. Straw—No. 1 wheat, 10.00a11.00 per ton; No. 1 oat straw, 10000a11.00. Dairy Farm Products. Live poultry—Spring _chickens, pound, 25a29: Leghorns, 23a26; old hens, 22a29; Leghorns, 18a20; old roos. ters, 15a18; ducks, 22a24; small and poor, 16al8; pigeons, pair, 20a30; guinea fowl, each, 40a75. Eggs—Receipts, 793 cases; native and nearby current receipts, in free li‘g!el, dozen, 38; strictly fresh, dozen, Butter—Good to fancy creamery. pound, 45a50; prints, 50a52; blocks, 49 ab1; ladles, 36a38; rolls, 82a35; store packed, 32; dairy prints, 32a35; process butter, 40a4l. — RAW SUGAR QUIET. Minnesota sacked Red River Ohlos, 1.00a1.70; Idaho sacked 5 today, 84860 8pain, was prison sen- NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of bonds and stocks traded in on the New York Curb Market today: Sales INDUSTRIALS. in hundreds. High! 2 Alb Pick Bar vie 13 7 Alb_Pi vfd 21& 1 Alu Fie 1 =5z, 258 SEo0acEa00800a “nn:lhs‘lfls e £ FEER uf Niag & E. ullapd “Sach an_ Marconi W or Am”Tat £ Celluloid Co n 3 Cellulold ¢ 0500000200 I A rtis Pub pf L9 L1 vega Inc 56 - o orpaip A 77502 C For R C nkl Hot A wyw . bilier C & R. Mot. .. EEEs i Ba &S pra1gh® d & Sl bash n 'n'u-:. 77 n 0 RS s oSl NIt B P et i ar 11 n. 33 F oz ire S <25 ) 125 e o o 1om e L3 2 EEE e o 3 Beoees ~ 2 2ot S ,.___ sugnel sracSeoliZena 3 RS R ORAR SRSRR SRNSRRRERE TRE e SRR bR NS R RSNt ERNRERINE [ i Shoo. A eu'i Iron 3 Met B&BOC Stri'A 1. I Met 54800 Stre B ot » 58 EuESE F ¥ SRR -t L3 O Tien: 150 % r. lien. 12 k H Pow. 31 2 Mohawk Val n.: W 3 Na RS v 108 Nat s bid. 13 Nat Pub Ser A, 28 rry J 3 ptd 104 Ney Ene Co. .. 74 43N York Cen ' wi 166 30 i - e oS i Ht i e e - 20 3t 1d yal ow Safeway Stores. . Sanitary Grooery . 29000 22 e: 0SB0 TR 4 h § fthig. Papor 81 m - 1ob . ot. v = T CESE RS EE REELE £ » - — C izttt S o - R G GO T B S ARG o e A - D - cBotuort st | mamit) e cEE: FEFE FTEEEE i B e IGIEEGRE S 2k ousous i SERSES.! S Futures Lower on Foreign News. | ol Refined Prices Unchanged. NEW YORK, September 27 (#).— The raw sugar market was quiet early today and, in absence of any aggres- sive demand, prices were easier under increased offerings. No sales were re- ported, but both Cuban and duty free sugars were available at concessions of 132 cent, or on the basis of 4.77 for Cuban duty paid. Disappointing “London cables and the inactivity in the spot market led to renewed selling pressure in raw sugar futures and prices at one time showed net losses of 4 to 6 points. Stop-loss orders were encountered on the breal, but after their execution a steadier tcne developed and prices rallied a point or two on covering, with the market at midday 3 to 4 points net lower, In refined sugar prices were un- changed at 5.90 to 6.10 for fine gran- ulated, but demand was light. WOOLS ARE STRONG. BOSTON, September 27 (Special).— Medium fleece and territory wools were strong today in the Boston wool market. Spot foreign wools are slow despite cables indicating high prices at Bradfor i and incrased export busi- iness. Pulled wools are moving well. Fine territory was quoted today at 1.10a1.15 clean basis, French combing at 1.05a1.08, half-blood at 1.00a1.05, three-cighths-blood at 90a92, and quar- ter-blood at 82a85. Fine Ohio grades fleeces were quoted at 4515a46 grease basis half,-blood at 45, three-eighths blood at 44%a45 and quarter blood at 4413a45. Pulled wool was quoted as follows: fine A, 1.03a1.05; A super, 95a98; B super cholce, 88a02; B super, 85a87, and C super, 75a78. NEW YORK MARKETS. NEW YORK, September 27 (#).— Flour steady; Spring patents, 6.90a 7.25; soft Winter straights, 5.90a6.25; hard Winter straights, 6.76a7.25. Rye flour steady; fancy patents, 5.60a6,00. Barley easy; malting, 937% c. 1. f. New York. Lard firm; Middle West, 13.¢0a 13.10. Tallow easier; special loose, 8; extra, 8%. Wheat futures opened easy; domestic, December, 183%. Oats neglected. Other articles unchanged. DRY GO0ODS UNCHANGED. NEW YORK, September 27 (Special). Cotton goods markets were qulet again today at unchanged prices. Print cloths were quoted at 2% for 64x80s and at 10 for 68x72s. Raw silks were Quiet and unchanged. k3 = Eoo-Sudeud PR is = i G 55 P2 I & K& Warrior 10 Spearhead Gol 10 Stand Silv" Lead .1 #Tech Hughes... 10 tah Apex 20 Wenden Cop. Salesin INDEPENDENT OIL STOCKS. hundreds. 93 Am Con Oilflds. .08 2 Am %‘xrnum bo J 4-Arl at _ Gas. ok e o o ®m iy S SSEEEE g FEESEFSRR SSSeSee: e - 2 Enewie ®FFE AR AR SR ° ° uowESk ot s SPEEE Eoes s Enarmiices, o e FRERRE FF AR S e tepec Oii. . - elier Foater “Oil Ck _Prod 188UES. Buckeve, n:; sgog %‘fx’.’:‘xfi:"fifl o 11300 ‘l‘fldb g q" Can t O L n; td. SESRERRSIEINSIEL Ena@mesresanasme SENIRZESsEEE FREF RIGFEEIER O Bmamonsameazaoms e oy 8, Pk 8s .. 481, 4 2 s ‘i; () 108 =3 BEEn Son RS OB o oS5 coczscxasd SSIEESE2FITI2ER FFREEETITR TR BT PEFETN SFe P PSaSgeasheses SES ht o & L Bs. . 961 atineau Pow 65 100 Tnvest bs A 142 Fla 68 A 3% B Lot s 3 Grand Trk 64s. 109% 10 Guif St Ut 5s A. 97 1 Hood Ri 102 - g Hond Rab siga.: "8 43 Indian P&L B8 'A 981 14 Tnterstate Pow bs 9514 2 Jut Pub Ser 5s A 1013 Lel A 102 58. 97 A101 Pow 55 A. 09 rig & Co 7ias 083 Nat P & L 0s A. 1041, Nat P 8 0158 A 1047 Nat Rad Gihs.. . 100 Nev Cons Cop 5a 99 £F aescom B i 3 GECTH g si¥e; WF 3 g R, A3 5% O SreSsS55:55:1 =235 o SRIRRES222_ENISCE3ER PR 555555570 ! e EEEE SgsEssel et 3233322088, 335555 Eete s 5 Fo grommm - 9 FERESE ERR Sales is IGN BONDS. shois,, rou L N A& Mtg B 78 47 07 41 Dok Brionia, 4o .5 &3 Batavia Pet 4398 9 Al s 2 97 B Al 7 08 S e 2 ORI O v Soow! - 27%7 TR H RIS £ EHS ez 2250 unoSee 2232205535353, Ee ni_E s A n El S 78 A ww 02 Sti W 6ls A 98 ividend. New Bond Issues NEW YORK, September 27 (Special). —A banking group composed of Wood, Guudy & Co.; Dominion Securities Corporation, Ltd., and Ames & Co., Ltd.: Royal Bank of Canada, the Ca- nadian Bank of Commerce, McDougal & Cowans, Greenshields & Co. and Royal Securities Corporation, Ltd., of- fers today a new issue of $12,000,000 Massey-Harris Co., Ltd., 20-year, 5 per cent sinking fund gold ~debenture bonds. The debentures are priced at 95.75, to yield about 5.35 per cent. Eldridge & Co. offer today a new issue of $2,250,000 State of Michigan 4 per cent bonds maturing November 1, 1937, at 101, to yield 3.87% per cent. A new issue of .$1,700,000 Grove- Dowling Hardwood Co. first (closed) mortgage 614 per cent sinking fund serial gold bonds due from 1929 to 1942 is being marketed today by Peabody, Houghteling & Co. and A. G. Becker & Co. at prices to yleld from 6 to 63 per cent. An additional fssue of $1,650,000 6 per cent gold debenture series “A" of the Community Water Service Co. will be offered in the near future by P. W. Chapman & Co., Inc. Stranahan, Harris & Oatis, Inc., are offering $1,143,000 City of Toledo (Ohio) 43, per cent bonds, maturing serially in ying amounts from Sep- tember 1, 1928, to 1949, and yielding according to maturity. from 3.75 up to 4 per cent, It is understood the National City Co. is arranging a loan for offering in this market to the amount of $20,000,- 000 for a large fertilizer company of Oslo, Norway, known as the Nors] Hydro-Elektrisk Kvaelstof Aktiesels- *% | Anaconda Co ali Canadian sive m kab. Public Utilities NEW YORK, September 27 (Spe- cial.—Only routine business was transacted at the meeting of directors of the Philadelphia Electric Co., held at Philadelphia today. A special meet- ing will be held Wednesday at 2 p.m. to receive a report of the committee that has proposed the consolidation with United Gas & Improvement. The North American System re- DOFts electric output for the week end- ed September 22 of 101,299,000 kilo- watt hours, an increase of 6 per cent over the corresponding week in 1926. SHORT-TERM SECURITIES. (Raporied by 3. & W Sellgman & C : o - A Bid. Alum, Co. of Amer. 5s 1053 e o FINANCIAL." STATEMENTS DEFERRED. NEW YORK, September 27 (#).— Pennsyivania Coal & Coke will not issue its earnings-statement for Au- gust and September until further no- tice. The monthly figures usually are published the fourth TIuesday of the month. Efforts are being made to es- tablish the mine on a non-union basis, but no statistics on production, earn- ings or the number of miners employ- ed are available. OUTPUT IS HEAVIER. NEW YORK, September 27 (A). Operations of the United States Ste Corporation have increased about 1 per cent above the low average of 6 per cent the middle of last week, noy befnz between 65 and 66 per cenf Moderate increases are being recorde| by independent steel companies i1 ingot output. The average for the 11 dustry is now 2 per cent above thi low level of 62 per cent last week. The Bank of Personal Service Tue CommerciaL Nationar Bank Capital & Surplus, $1,100,000.00—Resources, Over $17.000,000.00 Corner Fourteenth and G Sts. ence in meeting the business man’s banking requirements, enables this in- stitution to provide service that is broad-gauge, efficient, notably prompt, SUCCESSFUL' experi- 7 Our facilities are freely at your command. Safe Deposit Bozes, Generous Sizes, $3.50 Up, Per Annum 3% Paid on Daily Savings Balances CITIES SERVI Dividends Are Free From earned over 375 times. Priced at Market B CITIZENS BANK BUILDING BALTIMORE, MD. Cities Service Company is one of the largest public service organizations in the country. Dividends are payable monthly and Traded in on the New York Curb [nvesTmenT Bankers CE COMPANY Preferred Stock Notmal Federal Income Tax are being to Yield Over 6%% - ‘WOODWARD BUILDING WASHINGTON, D. C. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate and Nearby Suburbs in the Distriet of Columbia in Montgomery County, Md, for 3, § or 10 year terms on your Apartment Home 5%2% Office Building Business Property Apply RANDALL H. HAGNER &. CoMPANY MORTGAGE LOAN CORRESPONDENT . 1321 Connecticut Ave. Telephone Main 9700 Company Real Est you 809 15th St. N.W. Mortgage Loan Your Real Estate Loan Problem Can best be worked out by inquiring how the Metropolitan Life Insurance ate Lo- 1 can serve Low Interest Rates—-—Long Term Consult \/EAVER BRO REALTORS . Main 9486 Correspondent Metropolitan Life Insurance Conipany N ), Tel. Co. 48 19} 09 Américan Thread Co. 6'-’;5&?& o1 Assoclated Og () Baltimore Batavian Pet C ornia, . ! 8 FIES F PIREERE SRERASRR 3523323 AR - £ 2 o o S e S ! ASSIRES83RRR33223383233 32 FERR ey BAESEE: ERRIEEERE 2 Although Brazil has an aréa as sreat as the United States, exclu- of Alaska, there are only 82,600 : vehicles there. FIRST ucts time pu Over a Third of a Century Without a Loss B F. Main 2100 THERE IS - NO “REPEAT” ORDERS The merit of commercial prod- is question by the return of first- it is with our 6% FIRST MORTGAGES Their highly satisfactory com- bination of safety with profit gives them a stability of value and a dependability of income yield that recommends reinvest- ment again and again. SAUL CO. SUBSTITUTE FOR SAFETY MORTGAGES established beyond irchasers for more. So 925 15th St. N.W.