Evening Star Newspaper, October 8, 1927, Page 15

FINANCIAL BONDSTRADE OFF | (oo BONDS e Raceived by Private Wire Direct to The Star Office, " ON PROFIT-TAKING Moderate Revision Down- ward in Security Market. New Erie 5s Show Gains. | BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, October 8.—Moderate changes occurred in the bond market today, with some profit-taking at the end of a week that had established high averages for both domestic and foreign issues. The effect on the foreign list of re- ports from Berlin that the Prussian loan would be denied and from War- saw that there had been another hitch in the loan to Poland was nom- inal. Polish bonds reacted slightly. A few German issues like Berlin Elevated 614s advanced quite sharply. If it is to be the policy of Germany from now on to restrict borrowing in the United States the outstanding German loans should improve their market position. U. 8. Rubber 5s and Goodyear bs reflected the poor statement yester- day of the U. S. Rubber Co. Local tractions were easier. Considerable strength was exhibited in the listed public _utilities, including Interna- tional Telephone 43s, New Orleans Public Service 5s, North American Edison 58 and Utah Power bs. The feature of the rail market was the activity and strength in the new Erie 5s, which advanced % of 8 point to well above 97. They are now up 6 points from the low of last Summer. Fractional gains were ade in Chicago & Eastern Illinois 58 nd Great Western &. . U. 8. Governme@t bonds were Bteady. This week’s offerings of new issues amounted to $76,000,000. It is ificant of the change in condi- ions that all of the new public utility 43 per cent bonds that have been ‘ered recently have already gone a premium of 1 to 2 points. e BUTTER IS LOWER. CHICAGO, October 8 (#).—Butter— Lower; receipts, 5,448 tubs; creamery extras, 45%; standards, 48l3; extra firsts, 43%add4; firsts. 39a401%; seconds, 86238. Eges—Higher; receipts, 3,488 ?'::;: firsts, 35a39; ordinary firsts, ——— GOLD FOR ARGENTINA. NEW YORK, October 8 (P.—A $hipment of $2,000,000 in gold is being made today to the Buenos Alres branch of Louis Dreyfus & Co. One million dollars was shipped on September 17 by the same firm. _ Washington Stock Exchange. sALES. ‘Washington 6s “B’'—$500 at 105 .wfiimn 05" &Peiee . 48—$1.000' at Capital Traction Co.—10 at 106%. otomac Electric pfd. 53 s—10 at 105%. ‘ashington 08 L EELDs BTy & 0By oD si oag g ar 10 & " o ao'?‘"a"""io- AB of Weshibtione-10 ‘at 310, American_Seenrity & Trust Co—10 at n 10 at 4653, 20 at 465. fergenthaler ot 5plee Drus - "lnlhn Grocery Co. pfd.—30 at 101%. APTER CALL. Peovles Drux Stores pfd.—10 at 119, Potor Elt c 18t 51 $1.000 at 101% Potomac ~Electric — 65 1053—$5.000 * Mergenthaler Linof at 115. o Rl o National Co. pfd.—2 at 103. BONDS. Bid and Asked Prices. Asked. at B eatne siass¥eey o 2R2BIJR2: " " £ o 2o Tt D, ‘Wash, Steamboat, a§§ Siomac Elec. DIA 68, - 110 NATIONAL 1} TRUST COMPANY. . Securty & Trust Co...*165 tal Trust.. . 130 TITLE INSURANCE. lumbia Title. | Estate tate Ti tle Tav, Co. of Parber & Ross, Inc. com 'y Chase: Dairy pid.: o o Y o sand & Gravel bid ‘ederal-American com. ledes merican ofd. %«ru« pid. otype. 108 Trans. & Storage. 125 §zrlfnlh<l ler Lmo%}'lhe ational Mige & v eobles Drug Smni scurity Storage.. nitary Grocery Co ‘ashington Market * Warn: Sediral Bk Cory as v o ondwa) Tothron ptd . *Ex Jl‘:ld.eud. 2% Unlisted Department. Theso securities ot lsted under Exchange Tules. Asked. Ins, in_ National Banl, cain_Control UNITED STATES. (Sales are i $1.000 Sales. High Low. Lib 3% Lib 1st 44 Lib2d 4%s. Lib3a4ys. Libath 4%s US 3% 43-47 US4e¥%sb2. 41036 1035 27 1002 FOREIGN. Sales. High. Low. Close | i Un Sta 4% 4 9% 9% 9! 107 9 103'5 1034 2 102% 2 106 5 100% 25 109% 1 109' 29 99 21 100% 9 10374 Finland s £ 68 45. Finland 7 Framerican 7%: German Agr Bak 78 21 10% Greek7s...... 197 Holland-Amer 6s. eees DO 96% 9 101% 2 99% 2 99% 2 248 Norway 68 Norway 63 1944 Norway 6s 1952 Prague 7%s. Queensland 6: Queensland 7; Rhinelbe Un 7s. ‘Toklo 5s... Utd Kingm 5%s 87 Utd Steam Corp 6s. Uruguay 8s. Yokohama 83 MISCELLANEOUS. Ajax Rubber 8s.... 1 109% 109% Am AgriChem 7%s 2 104% 104 Am Cotton Oil bs. 40 100 100 Am Repub deb 6s. 3 99% 99% AmSmit& R1stbs 7 102% 102% - 5109 108% 4 104% 104% 6 99% 99% 1 104% 104% 7 105% 105% 2109 1084 Am Writing Pap6és 4 93% 93% Anaconda 15t 63... 42 104% 104% Anaconda cv db 7s. 28 109% 109 AndesCop deb 78 43 64 108 107 Armour&Co 4%839 9 90% 90% Armour Del §% 6 90 89% Barnsdall 631940.. 6 97% 974 Bell Tel Pa 51 9 105% 105% Beth Steel rf . 1102 102 Beth Steel 5%4853. 10 102 Beth Steel 6s. 23 104% 104% Bklyn Ed gen 5 4 106 - 105% klynUnion 5%s.. 25 223 222 Bush T Bldg 5s60. 5 103 103 Chile Copper 68 5 95% 95% . 11 83l 83% . 61074 107 . 1108% 103% 7 109% 1084 45 86% 86! 11 106 105 3 119% 119% 7 103% 103 3 99y 99% 18 100 99% 1 105% 105% 1 100% 100% 1105 105 11 103% 103 2 101% 101% Illinois Bell 1st 5. Lllinois Steel 4% 8.0 Indiana Steel 5: Int Mer Marine Int Paper bs 47 Int Paper cv 6s.... 31 106% 106% Inter Paper fd 6s. 5 104% 104% Int Tel&Teleg 4%s 34 96% 96 J Kayser & Co 6%8. 18 103% 103% Kan CP&L 58 A 6 2 105% 105% Kelly-Spring 8s.... 3 108% 108% Laclede G 5%s52.. 1105 105 Liggett & Myers 2 105% 105 Lorillard (P) bt 6 97% 9T% 1 105% 105% 1 104% 104% 6 104% 104% 1 101% 101% 2 109% 109% 2 110% 110 . 27 101% 101% 5101 101 2 102% 102% 1 105% 105% 2 108% 103% 4 104% 104% 3 100% 100% 2 95 95 1 107% 107% 5 105% 1056% 1 94% 94% 19 99%% 99% 1 100% 100% 3 94% 94 16 95% 95 5 105% 105% 5 103% 103% 10 107% 107% 6 108% 108% 51 94% 94% « 10 104% 104% « 2109 108% + 4 100% 100% 3 89% 89% 1 112% 112Y% 3 104% 104% 4 145% 1454 1103 103 4 101% 101% Pan-Amer Pete 7: Peoples Gas 5s. PhilaCorfés A... Phila& RAC& 168 Pierce-Arrow 8s... Public Service 6s. P SerGas 68 59., Sinclalr O1l 6348, Sinclair Ol 78... Sin Crude O11 Standard OI N J Tenn Elec Pow Toledo Edn 1st Warner Sug 78 39.. Westn Union 6% Westinghouse 6, Wilson & Co 1st Winchester A 74s. 1 106 106 Youngstn S&T « 3105 106 RAILROAD. 97% 9% 98 98 82 82 97 98% 100% 100 105% 105 105% 106% 109 109 103 103 1124 112% 87% BT% 97 96% 1% 71 9% 98 98% 98% 118% 1187 T%h BT% 102% 102% 104% 104% 4 100 997% 100% 100% 101% 101% Atchison gen Brdwy & 7th Av Bult R & Pitt 4% Can Nat 4%854.... 9 Canad North 6 % Canad Pac deb 48.. 28 Centof Ga6s...... Cent Pac 1st 63 90, 2 1 CB&Q4%s871B.. ChiB & Q 1strf 5s. C B & Q-Ill a1 4 1 Chi&EIllgnbsbl 25 ChiGt W ¢s 59 102 102 107% 107% 9% % 93% « 8 T W% 37 10115 101 14 10115 1036 1002 1002 46 100 27 100 25 100 27 81 108 28 103 26 103 26 26 10118 10116 101 16 41 1141 11831 11331 7% 97% 103% 99% 105% 107% 105% 114 1044 99% 93 97% 107% 103% 102% 1061 100% 109 109% 93 100% 108% 108% 111% 105 1047 1047k 7% 100 1054 106% 114% 1107 1067, 10*. 1)0% V95 1075 95% 1193 108% 99% 99% 105% 100% 105 103% 1013 105% 1045 96t 108% 105% 108% 105 105% 971 165% 99% 104% 104% 101% 1094 110 101% 101 102% 105% 108% 104% 100% 93 107% 105% 997 100% 94% 95% 105% 103% 107% 108% 94% 104% 109 100% 89% 112% 104% 145% 103 ;| Nor & S gen 5854, x Sales High, Low. Close. .6”67‘4 67w 67% 68 67'% 68 99 99 99 68% 68% 103% CM&StP deb 4scfs CM&SPev4 Yy 832cfs 44 105% 82% 954 4 100% 95% 1007 105% 100 102% 99% 99 97% 108% 956% 92% 85 954% 8% Chi T H inc 68 60.. CCC&StLrfésA. C&Sistds20.... Colo & Sou 4% Cuba R R 68 Cuba RR 7Y% Del & Hud 1strf 48 15 Den & Rlo G en ¢s.. 51 D Rlo G West 68, 3 Det United 4%s Erleconv 4s A Erfe gen ds. Erie cvt 58 67 w! FlaBCb5s74. Grand Trunk 7t Gt Nor 418 76 D, Great North 5%s.. T T 111 Cent 48 53. 111 Cent 4%s 66. Int & G Nor ad 6 Int Rap!d Tran 5s. . It Rap Tr 5s stpd. Int Rapid Tran 6s.. Int Rap Tran 7s.... Int RysC A 58 72.. Int RysC Am 6s 41 Kansas City S 68, Kan City Term 4s.. Lake Shore 45 28.., Lake Shore 45 31... Lehigh Valen 4s. . Lehigh Val 5s 2003, Louis&Nash uni 4s L &N 41382003, Man Ry 1st 90 Market St 7s 40. Mil El Ry & L 58 61 MStP&SSMcnds M St P & SSM 53, MK & T 1st 48 Mo Pacific gen Mo Pac 58 F 77 ssau El 4s°51... NOTex&MbsA., NOTex & MbsB., N Y Cen gen 314s.. N Y Cent deb 4s... N Y Centr 1 68, N Y Cent deb 6s. NYChI&StL 6%8A. NYChi&StL 5%48B. NYC&StL6sA.. NY NH&H cv db 6s N Y Rys 6s 65, .1 N YRys6s A65... N Y State Ry 43s. N Y W& Bos 4%8s. Nor Pac 38 2047, Northern Pao 4! Northern Pacr{ Ore Wash 1st 48 Pennsylania gen 5s Pennsyl 68 64...... Pennsy! gold 7 Peo & E 1st 48 40. Pere Marq 1st bs PCC&StL5sA.. Port RL &P 5s 42 Port RL P 68 47 Reading J C 45 51. RioG W 1st 4s. Rio G West cl ¢s. St L IM&S 48 29, StLIM&SR&GH StL&SF pl4s StL&SF prinbs. Fb5% - » BHEBRHIE ERORRRNNRAD HATANCARNBEIRNRN StLS W ocon 48 33. 52 StP & KCShL 4%s l; 8 SB All Fla 6s35A.. 16 Sou Paciflccit 4s., 2 Sou Pac 4s 29, 19 Union Pac 1st Virginia Ry 1st 6s. P 6 Wabash 1st 5s. Wabash 55 76 Whel & LErf 43 Wis Cen gn 45 49 WHEAT GOES HIGHER " ON WEATHER REPORT Corn Opens Lower, but Recovers on Fairly Good Buying by Commission Houses. BY GEORGE C SCHNACKEL. Special Dispatch to The Star. CHICAGO, October 8.—Wheat open- ed a shade higher today on commis- sion house buying prompted by the advance in Winnipeg. Weather over Canada was still unfavorable. After 30 minutes of trading December sold at 1.31%; March, 1.34%; May, 1.36%. Corn was glightly lower, but covered on fairly good commission- house buying. December, 93%; March, 963%; May, 99. Oats were quiet and steady. Decem- ber, 48%; March, 50%; May, 51%. Provisions were slightly higher. CHANGES IN 'I:ELEGRAPH PREDICTED BY CARLTON | petiiver Special Dispatch to The Star, BALTIMORE, October 8.—Predic- tion that Western Union Telegraph Co. eventually will employ certain de- Ger Gov velopments in methods of transmis- slon first demonstrated on the lines of the American Telephone & Tele- graph Co. between Baltimore and Pittsburgh in 1918, was made, by New- comb_Carlton, president of the West- ern Union. Mr. Carlton was another of the ex- ecutives, interested in transportation and its allled services, to visit the Baltimore_& Ohlo Ralilroad's Fair of the Iron Horse at Halethorpe. The president of the Western Union 10114 | declared that there had been more 106 105 9TH 98 82 97 100% 106 105% 109 102 112% 874 96% 1 98% 98% 118% 87% 102% 104% 99% 10074 101% 102 107% 9% 93% 3 progress made in the processes of transmission in the last decade than in the 40 years preceding The patents which the telephone company holds in connection with those developments, the president of the Western Union explained, would permit his company to increase the present capacity of its lines several times. GIVES RAIL ORDERS. NEW YORK, October 8 (P).—The |G Atchison, Topeka & Santa Fe has distributed orders for 121,300 tons of rails, giving 85,000 to Colorade Fuel 102% | re- | Be: TREND DOWNWARD ON CURB EXCHANGE Evening Up of Accounts Brings Fair-Sized Decline in Shares Today. BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star. NEW YORK, October 8.—Week end avening up of accounts resulted in fair sized declines in many of the recent industrials favorites on the Curb Ex- change today. The offerings reflected no change in speculative sentiment toward the future price movement, but merely a desire to place accounts in a more liquid position. Deere common, Tubize Artificial Silk and Great Lakes Dredge and Dock, three recent high priced favorites, dropped 2 to more than 8 ‘points, but the declines were not out of propor- tion with the recent sharp advances. Because of the fact that several low- priced mining shares moved against the general trend, their action was noteworthy. This was true of Engi- neers Gold and Golden Center Mines, It was also significant that interes assoclated with both companies were the same. Public utilties shared in the general reaction, and the same was true of the high-grade standard oils. Weak- ness cropped out in Power Corporation of New York 5%s and Phillips Petro- leum 5%s. . COTTON ADVANGES IN SHORT SESSION Early Trade Nervous and Ir- regular, but Most News Is Bullish. By the Associated Press. NEW YORK, October 8.—The cot- ton market opened steady today at unchanged prices to an advance of 16 points on buying promoted by rela- tively steady Liverpool cables and reports of more rain in the South- west. Early fluctuations were nervous and irregular with business attrib- uted largely to further evening up of accounts in preparation for the Gov- ernment crop report. There was covering and probably fresh buying on expectation of comparatively smail crop figures, and early realizing or hedge selling appeared to be readily absorbed, December selling up to 21.15, and March to 21.46, by the end of the first hour, or 23 to 27 points net higher. Private cables sald there had been calling covering with continental and Bombay buying in Liverpool. The Government crop estimate of cotton, placing the indicated yleld at 12,678,000 bales, was somewhat smaller than generally expected and sent prices up $2 to $3 a bale. The esti- mate, however, was not as small as some had predicted and there was quite active selling, which held the market within moderate limits. FORECAST 12,678,000 BALES, Estimate Slightly Smaller Than That Issued Month Ago. This year's cotton crop was fore- cast at 12,678,000 equivalent 600- pound bales by the Department of Agriculture today. The forecast was based on the con- dition of the crop on October 1, which was 54.2 per cent of a normal, in- dicating a yield of 149.3 lint cotton per acre. A month ago, 12,602,000 bales were forecast, the condition on September 1 being 66.1 per cent and the indicated yfeld 149.3 pounds per acre. Last year's crop totaled 17,977,- 374 bales and the October 1 condition, 61.8 per cent. The forecast was based on the con- dition of the crop on October 1, which was 54.2 per cent of normal, indicating a yield of 149.3 lint cotton per acre. A month ago 12,692,000 bales were fore- cast, the condition on September 1 being 56.1 per cent and the indicated yleld 149.3 pounds per acre, ‘Last year’s crop totaled 17,977,374 bales and the October 1 condition 61.3 per cent. COTTON GOODS ACTIVE. NEW YORK, October 8 (Special).— Cottoh goods markets closed the week with a fair spurt of activity but with print cloth prices unchanged at 8%c for 64x60s and 10c for 68x72s. Raw silks were irregularly lower, the de- clines ranging from 5 to 25c a pound. — GERMAN BONDS AND STOCKS. By Speclal Leased Wire 10 The Star. NEW YORK, October 8.— (Quoted 1n dollars ver million marks) g, Auiced. Hamburg 434s 1910...... 60.00 70.00 (Quoted in dollare per thoussnd marks.) 00" 3700 Ger Gen Elec 4 3 . Gor Gen Ele 448 000 300 850 re-war Muni h 4s pre-war.... . A E g (3516 [, dptiare ver ABG (Ger Go Elec) btd'B ommera and Privat Bank. . Farben. . b S FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. _ Closing.) Rate—Moturity d. e s, Nov. 3 43 2 S SRR K 03 0, 0: 0! 03 o i 0] 0; 0] e bbb =3 °23; i e FREFEFE 1 1 1 SHORT-TERM SECURITIES. (Reported by J. & W. Sellgman & Co.) Bid. Alum, Co. of Amer. 5s 1052 10 A8 bl £ (PR Américan Throsy €5, Gu 1928 Anaconda Copper 2 T ose. Offer. it & Iron, 17,000 each to Illinois Steel | 3¢ and Inland Steel, and 2,300 to Bethle- hem Steel. NEW YORK MARKETS. NEW YORK, October 8 (#).—Rye steady; No. 2 Western, 1.07% f.0.b. New York and 1.05% c.l. export. | S Barley. easy; malting, 80% c.Lf. New |{ York. Lard firmer; Middle West, 13.20a13.30. Wheat futures opened steady; domestic December, 1.32% bld. Other articles unchanged, A . 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 in !XGDUSTBIA‘!#. , ) t3 Q A uth. ... 1 Alb . 2 Alb Pick B A pfd Alum Co n... ... lum Co n pfd. Arch Co. ... 05 FEESR "o D0 S D 3 S Dag 5! SB35 I3 >> 8 o 'S H H 23 & - Ee oS OS] & > 5355385088 3 $ 3 oo e aratng e FETEE R S SRR F ERE R OO E BaBRES & S D o o (o 25338 e S e T 33 S Sano s S ReS SRR N R F - ...... 2 et S SeesPEERY $58555 o et LB et L O e o gaaacmie un gisetstia .. ganinie ey e SEBBLEIL220 S0 SR Ses 2 Consol Laund 8 Courtlaulds, L 1 Cuneo Press . B Curtiss Davega » Sowawma EE S I = =S ® 9 Durant Mot 1 Durh Duplex n - -~ 23 Seamesomn T e CNER e ¥t Saatauoms - 1 Estoy Welta' EE e - STy D I DR D SR S DD D AB gy Bug A 3 20200 R AT Store 2 i S o2 S58 3 i1 o 610 Chaih, Sirs; 't 5.50c Strs B idl 8tl Pro [ [y * 2 St b i 2905 O 20 D 20O R s AR FRERE L s on a1 - RS0 OHD OD D AOuRL FES e Mt e R ey s Jemzmias: R E RSB, 32 FES SRR R R b oy 2at38 1 B3 OO DS DO BRI BB D O L A FRRE R R om e e~ Lyt S et E B OER ORRRr R DD RSN 8o RGO IO 20BN DI 19 RN R R R e R e e Truscon § Tubize A 8 B vic 2 Tune S0l Lamp: nk Sol Tam A 23 nion Nat Imp © 20 e ¥ astiaciotn oroion o3 e o ed e S L 9 Biocs Lionorimcagal RS BN e R 2R3B! & n 1020 - Do rasaar Seoes -, o3 <qaaccae = > - e DI S i FEF FE AR RS s SBREREE. sazasz s oo Salg TOC! ml f-‘nndred-, MINING 8 KS, 11 Am Explora. 29 Ariz G 310 Golden Cent 1 n suu;‘.'.’f 8§ ota 1 Baon’ Of1 Cor fion.f&no&i}?& ntercont] bet Leonard Oil o' St & G on 4 Woodley Sales STANDARD in hundreds. S 0 Ang A O non 0 Atl Lo 1300 Asndegte 1 100 Cumber! 3000 Humble Ofl 00 [ 2 b R BeG wD - ® - I3 2 131 190N0B 88T - ERARRI A Basrags v e SIRRSITNBERITIRE R LS S s RS R R R SRR - Bants. o SRS EREITRRE & 8 - 14 Allts Al 4 Am Gas Am Pow Am Am T Bt sy 38 §u gor, Gas. 8E°h " 4 Comm 4 SEeme go=gssnores ceoncanac: R RSB SR (e o (oo 2one It 29 w BB B onaasrnon BRE T A P g g Y wiwoose ooty DS S DIo00055: asa0cs SRR AR D DG et ;s = 23 a2 St 2 Lolm - 23 = i " 2353 Scetmetes SR R 2 m—x‘m*mww*w;;mmm&:;#&#s ER 5 5 2P goa ) > u C South Dair 5 Sou Gus 63 South &] % 100 ranscon len & Co Ol4s, 057 CEEEET ) gaciac 2Egges i S555555E 230023008 32 935 WA, Bfl‘l FOREIGN BONDS. in thousands. tic E1 7s.. 9 gt i 3 Batavia 14 Brisban 5?‘ 04 2 Bue Alres 7s T ) SO B " S ones B S UNDERLYING BUSINESS CONDITIONS ARE STRONG NEW YORK, October 8.—Dun’s s: The maintenance of strong un- rlying commercial conditions is shown in various ways, although the broadening of Autumn activities con tinues to be retarded in different chan- nels. Several factors have combined to delay the expected expansion, with unseasonably warm weather over a wide area militating against the best results in retail distribution, and some important manufacturing {industries are slow to experience the upturn which normally comes at this period. Some modification of earlier estimates of fourth-quarter business has result- ed, but there are a number of en- couraging indications now, with more hopeful signs in the steel trade aris. ing from the beginning of a purchas. ing movement by railroads, and con- spicuous weakness in commodity prices is the exception. In certain instances, as in hides and leather, the trend has favored holders, and there is an excess of advances this week in both foodstuffs and other ar- ticles. Weekly bank clearings, $11,648,- 032,000, Markets at a Glance NEW YORK (#).—Stocks heavy; sugars and oils at new lows. Bonds irregular; rail liens sag on profit taking. Forelgn exchanges firm; ster ling crosses $4.87, Cotton firm, fol- lowing bureau report. Sugar steady; commissifon _house buying. Coffee firm; better Brazillan market. CHICAGO. — Wheat steady; sym- pathy with firmness Winnipeg. Corn steady; unfavorable quality report. Cattle steady. Hogs dull. —_— CHICAGO STOCK MARKET CHICAGO, October 8 (United States Department_of Agriculture).—H Receipts, 1,500 head';‘ r:o ho]s to fairly test market value transactions around steady; good to choice 225 to 240 pound weight absent. Top, 11.75 paid for hogs scaling 280 to 245 pounds; 160 to 200 pound averages, 10.85a11.50; 210-pound weight up to 11.65; butchers, 250 to 300 pounds, 11.35a11.65; few big welght butchers under 11.00; most packing sows, 9.76a 10.16; choice slaughter pigs, 9.75210.25; estimated holdover, 2,000. Cattle—Receipts, 1,600 head; com- pared week ago, strictly choice fed steers strong; others 50 to 75 off; West. ern grassers mostly steady; fat cows and heifers, 50 to 75 lower; vealers, 250 down; heavy fed steers reached 16.90; highest in seven years; all killing steers bringing new time prices; top yearlings, 16.45; medium weights, 16.50; welghty Montana grass steers up to 13.60; bulk, better grades, 10.50a 12.00; most fed steers, 13.00a15.50; best grass cows, 10.00; heavy heifers, 11.60; ‘Western cows and heifers, 7.00a9.00, and 850 and 11:).05:. respectively; veal- ers closed at 14.00. Sheep—Receipts, 1,000 head for week; fat lambs closing 16_to 26 lower; sheep strong; feeding lambs, 25 to 60 higher; week’s top prices; fat, range lambs, 14.15; fat native lambs, 14.00; slayghter yearlings, 10.75; fat ewes, 6.75; range feeding lambs, 14.00. — UNIVERSAL PICTURES. NEW YORK, October 8 (#).—Uni- versal Pictures Co. earned $1.46 a share on the common in the six o S onaing. 1635, poriod. ot e corresponding profit declined to $543,814. from $725,843. ———— BOSTON STOCK MARKET. By Special Leased Wire to The Star. BOSTON, October 8.—Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here. FTINANCIAL) REAL ESTATE LOANS 51, % FRED T. NESBIT 1010 Vermoos Ave. Mals 030% Mo Money Loaned py peag e Tyler & Ratherford Loas Correspondsnt Matead Benelt Lite 1520 K Street ~ Main 475 | Your Need of Mortgage Money —is our opportunity to supply financing service. Our funds available for loans are not limited and our methods eliminate delay. Immediate Answers on Applications B. F. SAUL CO. Main 2100 925 15th St. NW. Low Interest Rates and Commission The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Colun.bia and Nearby Suburbs in Montgomery County, Md, for 3, § or 10 year terms on your 51(%% e RANDALL H.-“AGNIP & COMPANY ncorporate: MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Apartment Home Over a Third In Your Apartment— —no matter how few— are an annoying drain on income. There is, how- ever, a safeguard against all such worry. Our Third-of-a-Century spe- cialized attention to apartment rental prob- lems serves to increase income by reducing va- cancies. SAUL CO. Main 2100 25 15th St. N\W. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Disteict of Columbia and adjscent Suburbs in Montgom- ory and Prince Georges Counties, Md. o App l y te H.L.RUST COMPANY LOAN CORRESPONDENT &he PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 How Would You Invest $1,0002 In securities, most likely, which offer the soundest protection for your principal— yet offer an attractive rate of interest. On the list of a few securities that you would have under consideration, the First Mortgage Notes offered by Swartzell, Rheem & Hensey Company would suvely appear. For these notes represent a conservative percentage of the value of new, improved Washington properties, and behind them is an organization whose reputation for integrity and service is of the highest. This safety of principal and the high yield of 6% should place them high on your list, These First Mortgages may be purchased in - denominations of $100, $250, $500 and $1,000. Swarizell Rheem & HensewCo, msmm!! W, WashinglonDC. - 58 Years Without Loss to an Inmvestor