Evening Star Newspaper, October 15, 1927, Page 14

FINANCTALD SILVER QUOTATIONS. NEW YORK, October 15 (#).—Bar silver, 56; Mexican dollars, 42 | ATURDAY. OCTOBER 1927, ‘sAm, OVER 196 INCLEARINGS HERE Holiday Cuts Week’s Check Totals—Mellon Offers Premium on Bonds. BY EDWARD C. STO! St Jos Lead (13) 37% Bank clearings in this city for the | St L. Southwest. 81 8 week ending on October 13 totaled Schulte (3 %) Al g 37 | 528,074,000, un increase of 4.4 per & FINANCIAL] 15, TREND S UPWARD ON STOCK MARKET Pools Again Active in Some Specialties—Several New Highs Are Recorded. THE EVENING STAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. WASHINGTON, REAL ESTATE LOANS 512 % FRED T. NESBIT Vermont Ave. Maln 0392 New York Stock and Bond Averages. SATURDAY. OCTOBER 15. STOCKS, R 139.06; low, nlilondl veraged 14853 Twe llllh 1923, 152.05: low, 125.58. Prompt Action First Mortgage Loans Thomas J. Fisher & Company, Inc. | Open Hizh. Low Close 70 69 69% & 110% 110% 110% 9 9% 91% 86" Low. Close B0 - K1y 14t 45 2443 Open High 1341 135 102% 102% Open. RS I1Cefs (4). Reading (16). Reading 2d (). Real Silk Hos. .. IReld Ice Crm(3). Rem-Rand t1 60. Lem-Rdlst (7). Remingtnlst(7). 100 Reynolds Spngs. 6% Rey Tobac B (6) 1481, Rossla Ins (6).. 146'% Rossia Ins Corts 12% | Royal Das 13%. 46% Safety Cable (4) (9% Low Close High. 93 1 Fox Film A (4). Frank-§ pt (7). Freept-Tex t4% Gabrlel Sn (315) Gardner Motor. . sen Am Tnk4). Gen Asphalt. ... Gen Asph pf (5). AbItibI Pow (5) Abrahm&Straus Adams Bxp (8). Adv Rumley.... Adv Rumley pf. Ahumada Lead . Air Reductn(t7) AJax Rubber... Atbuy Pap pf (7) Allled Chein (6) Allls Chalm (6). Amerada (2) | Am Arricyl Chm By the ated Prees. | Am Bank N (2). NEW YORK, October 15.—Stock [Am Beet Sug ... prices continued to point upward at ::':' ngv:::,fln (24 the opening of today's market. Mid- | am Ghicle (3). . land Steel Products preferred showed In Nearby Virginia Imunnel:“C: Commnwnllll Investment Co. 017 16th ¥t N.W Phone Main 2023 36\6 661y 23 94 BONDS. Total bond wales (par value). $6.- Ten first-grade ral unchunged, Ten secondary rails averaged 98.70; lnrhnn:t‘ Ten p-biu utilities averaged 07.37: wirlals averaged 101.92: u Combincd wveraged. 98.19; net Toss, J 185% 134' 135 1% 1% 1Y% 139% 138 138% 124 123% 124 549 B3w 54 140" 139 139 Gen ltefrac (3). 68 6Tl 6% Glllette (1433).. 103 103% 102% 103% Gimbel Bros. ... 51 51% Gimbl Br pf (7) 104 niilec sp(6ue) n Motors Mot pf (7 54 57 116% 116% 29% 13 Mortnae Money Loaned at Low Interest Rates Eeonomie_ Conditions Tyler & Rutherford Loan Carresvondent Mataal Henellt Life s n Ry Sig (h). WE FINANCE “iasses 01 ncome nroducine Large Loans a Specialty Seabd Air Line.. Current nt rate and commission ago, an initial gain of 2% points and May Department Stores opened point Tigher at 88, a new high record. Amer- ican Linseed common and Union Car- bide also showed initial gains of al point each. ) Operations for the advance were ! resumed on the theory that the tech- nical position of the market had been strengthened by the recent reaction, hat the 413 per cent call money rate, (ablished yesterday, was only tem- porary and that the distribution of more than $300,000,000 in dividend and interest payments today would create a new investment demand. Pools again were active in a numhor additional new 1927 high blished by Midland preferred, Lambert, Fidelity-Phoenix and Reud | is ranging from | fructions to 4 points. There were & | ¢ soft spots, Commercial Solvents | standing out with an 58 of | snore than 2 ponts. Rails advanced with the industrials under the leader- ship of Chesapeake & Ohio, Wabash v Foreign exchanges opene demand sterling rul- ing eround. 456 1116, while Spanish pesetas riade further recovery to 17 20 cents. Products Bakery. ¥ Steel tushman's NEW YORK (#).—Stocks irregular; Midland Steel products preferred at record high. Bonds ‘mixed; week's new issues exceed $220,000,000. For- sign exchanges steady: German and Dutch rates at new 1927 highs, Cot- v Orleans buying. buying. Coffee | Srazilian market. Washington Stock Exchange. | SALES on Co—1 at_108% . e i das ar 113 Shss at 105% & 10 igh —10 at 81, 20 at By & Biod Rwy, & Elec. B0t B85, 50 ‘at 98 % Commercial National Bank- Auercan Qev_i\nl\ & ’I'n:vd C om0 fatll pIL—10 at —20 at 4 ll|al105V~ 10"at 103% { Am Linseed pt.. | Baldwin L (7).. Am Drug (80c).. Am Express (6). Am & For Po Am&Fo Po pf Am Hide & Lea. Am Hide & L pf. Am Ho P (240). American Ice(2) Am Internati(2) Am Linseed. . 105% 12 61 5874 28 Bl bay 84 105 NG'. Am Locomot (8) Am Machine (2) Am Plano (3)... Am Po & Lt (11) Am Radlator (5) Am Ry Ezp (6). Am Republic.... Am SafetyR(13) Am Seating (t4) Am Ship & Com. Am Smelting (8) Am Stl Fdys (3) Am Sugar (5).., Am Sumatra... Am Te) & Ca (5). Am Tel & Tel (9° Am Tobacco (8). AmTobaccoB(8) Am Type [Fo(8). Am W W (m80c) Am Woolen..... Am Woolen pf.. Am Writ Pa ctfs Am Wr Pa pfefs Am Zinc pf. . Anaconda (3)... Armouroflll(A) Armourof1ll(B) Armour 111 pf(7) Arnold Con&Co.. 36% Asso Dry G (2%5) 49% Atchison (10).. 191 Atchison pf (5). 102% AUICL (18%).. 195% AtIGulf & WI.. 33% AU GUIt&WI pf. 23% Atl Refining (4). 116% Atlas Pow nf (6) Autostrap Razor 136‘4 1504 151 1364 251% 121 79"4 lll 675 51% 2113 89 1084 65 22% 54t 56 1164 41% 88 667 Balto & O (6) Balto & Ob pf (4 Bang & Ar (315) Bang & Ar pf(7) Bank of N Y (18) Barnet Leather. Barnsdl A(b215) Bayuk Clgars. .. Bayuk 1st pf (7) Beech-Nut (13). Belding Bros (2) Best & Co (3)... Bethlehem Steel Beth St pf (7)., Bloomingdale. Blumenthal pf.. Bon Ami Cl A (4) Botany C MillsA DId—15 at TH. Security’ Storaze Co.—10 at 120% AFTER CALL. o5 aghineton Gas 8s D—S100 at 103%. S Ciomar Eisctrie pl T, oloe- Washiteton Gas 65 B—s8.000 at’106 seboiomac Eloctric cons. 35289860 %% 103 tare Co. ntd.—S5 at 101 onal Mige. & Tnvest. pid.—-35 & BONDS. Bid and Asked Prices. PL'BLIC UTILITY. 04 97 a7 101 102 102 97 102 102 103 e 4 i Wamh, S % g wab Bwy: & Bt T MISCELLANEOUS. Barber & Ror-. B RS2 ) Coid Wardman Park Hn»l (0 STOCKS. PUBL]C UTILITY. Amer. Tel. & Telga. Capital Traction.. Washington' Gas Norfolk & Wash, Potomac Elec. pid. fotomac ¥ SAVINGS BANE Jlank of Betheada. erce vi Sventhy S {oyenth, Street.. 'nited State American oreoran KNationsi" Gnion. TITLE INSURANCE. Columbla Title. e B e om. . MISCELLANEOUS Barber & Ross, Inc.. com Bt Chevy Chase D-m nm u,,;,m?mn Natl. Trans & Storuge ts' Tran. & Stor. pfd, Merventhaler Linotrpe National Mtge. & Inv. Peoples Drug Stores 5% i Security Storag 3 Sanitary Groces ol Washington Market . Wash. Mech. Mige. co; (as: Medica Bide. Cor Wopdward & Lothrop ofd . *Ex_dividend. Unluted Department. (These securities not Ilnefl under Exchange Fule BONT lnfl Navy Club El .e b 4‘. Asie Army Departmental B District Title Ins. Franklin National International Miller Train Munsey Trust Cc Jorth Capito! S ank Towton. Saties Bank \ashinton Title Ins. Co.. Washington B: cluy odridge & EARNINGS AR‘E—LA_BGER. NEW YORK, October 15 (#).— Manila Electric Corporation $2.62 a share on the common stock in the year ended June 30, against earned | Briggs Mfg Co.. Bkin-Edison (8) Bklyn-Man (4).. Bklyn Un G Brown Shoe (2). Brunswick B (3) Burns Bro (10).. Burns BrB (2).. Bush Term (bS). B Ter de (7). Bush Trm pf (7) Butterick (g2).. Butte Cop (50c). Butte&Super (2) Byer & Co. .. . By-Produets (2). Calif Packg (4). Calif Petm (1 182h 133& 46% 2% 101 umet & Ar (6) Can Dry (+3%). Canada Sou (3).. 624 Can Pacific (10). 196% CaseThreshg(6) 170% Cent Alloy (2).. 26% Century R pf (7) 81 Cerro dePas (15) 64 Certain-Teed (4) 53 Certo Corpn 3% 67% Ches & Ohio (10) 212 C&OCorpn (3). 85% Chi & Alton.... e Chi & East [ll... 45% Chi & East 111 pt 83 Chi Great West.. 15% Chi Gt West pf.. 33% ChiMil&StP.. 17% Chi Mil & StPp? 20% CM&StPefs.. 17 C M&StP pfote. 31 Chi & Nwn (4).s 94 Chi Rock Is (5). 107% CRI&PpL(6). 102% CRI&PDL (7). 108 Chi Yellow C(4). 44% Childs ($2.40),. 64 ChileCo (2%).. 35% Christ B (1.20). 63% Chrysler Cor (3) 55% ChryslerpfA(8). 112% City Stor A (3%) 50 Cluett Peab (5). 74% Coca-Cola (5)... 124 Collins & Alk(4) 92 Col Fuel & Iron.. 83 ColGas & El (5). 90% Col GEE pf A (6) 107% Col Carbon (4)., 85% Com Cred (1)... 17% ComCrpf (1%). 22% Com Solvents(8$ .Com Powr (2%3), ‘Conde Nast (2).. Congoleum-Nair Conn Ry&Lt 4% 77 Cong Cgrs(14%) 66 Con Cigars (7)., 79% Consol Gas (5).. 115% ConsolGas pt(6) 99% ConRRCuba pf 6 6914 Congol Textile. . 4% Cont Bakg A (4) 54% Cont Baking B.. 5% Cont Bak pf (8). 93 Cont Can (5). Cont Insur (6). Cont Mont (80c). Corn Prod (13) Coty Inc (5). CrucibleSteel (6) Cuba Cane Sugar Cuba Cane Su pf Cuba Company. . Cuba R R (4.80). Cuban Am 8 (1). Cudahy Pkg (4). 5315 Cushman's (§4). 147 Cushmann pt (8) 115 Davison Chem.. 38% Deere&Co pf (7) 118 Del & Elud (9).. 197 . Del L& W (17). 133 Detroit Ed (8).. 155 Det & Mack pf.. 172 Devoe&R 18t(7). 111 Diamd Mtch(8). 140 Dodge BrosCl A 16% Dodge pf (7).... 65 Dome Mines (1), 10 Dunhfll Int (4).. 59 | Dupont (1913 ) 338 DuPont deb (6). 114% Eastman (18 Eaton Axle (2) Eisenlohr & Bro. £l AutoLt (1614) Electric Boat, .. Ele¢ Power & Lt Elee Refrigeratn 131 Stge Bat (16) Em-Brantgm(A) End John (5). Engineers Pub S 3 Enlsnl_r‘s PS pf(7) 10.9 3215 Kt 405 130" 94y 14974 12% | Bureka Va rr41g Fed Ligt(h1.40), | Fed MIn&S(10). | Fed Min pf (7).. Fid Phoenix(4). Fifth Ave (64c). First NatS(1%). $1.59 a share the vear before. Net ‘ income of £1,050,°74 w an increase ¥ oL §410,586. e Fisk Rubber. Fletschm; Foundation . 15% 19 105% 12 61 58% 28 52 5h% 84m 105'% 60 7 1364 150" 151 137 1027 195% 33% 33% 1161 261% 121 9% 70 111 675 51 21% 89 108% 68 224 54% 5618 1164 41ty 88 6674 182y 58% 133% 46% 101 86% 624 196% Z70% 26 81 64 53% 7 JIZA 1074 IS’ 12 28 15% 6314 63% 49 198% 84% 33m 2514 2 120t 9% 70 111 665 32% 1 86 51% 5:5 | 624 6! 1954 l!sb 67 267 261 26Y; 81 81 64 61 53 53 67% 70 Chat-Ph Bk(16) 520 520 520 520 209% 203\& A‘/a 45% 83 15% 33% 17% 31 16% 31% 93 106% 102 108 Glidden Co. ... Gold Dust (3 Goodrich Ru (4) Goodrich pt (7). Goodyear Tire. . Goodyear 1st pt. |n)(llm SH tham new Granby Con Min Grt North pf (6) Gt Nor pf cfs(5) GreNorO (1), Grt Wes S(2.80) Gt West 8 pf (7) reen Canan. Guantanamo... Gulf Mo & No Gulf States St Hanna 15t p Hartman A (2). Hrtn B b1 %stk. Hoe & Co A Hollander & Homestake (7). Houshid I’ (35) Houston Oil.... Howe Sound (4). Hudson Mot (5) Hupp Mot(1.40). Hlinots Cen (7). | Indep 01l (1)... Indian Retiuing. Indfan Refy ctrs jInland St (235).. InterboroRapTr Intcontl Rub(1). Int Bus Ma (4).. Int Cement (4).. nt Com Eng (2) Int Comb pf (7). Int Harv (J6)... IntMteh pf( Int Mer Mar Int Nickel (2 Intl Paper (2.40 Int Paper pf (7) Intl Shoe (7)... Int Tel & Tel (8) Island Creek (4) Jewel Tea...... Jones Bros Tea. Jones & Lau (7). Jordan Motor... Kayser J (4). Kelly-Spring Kelly Tire 8% Kels-Hayes (2 Kennecott C (5). Kinney pf (8). KraftCh (1 14) K S S 11.20 Kresge SS pf(8) Laclede G pf (5) Lago Uil (75¢).. Lambert Co (5). | Lee Tire & Rub. LehighVal(3%). Lehn & Fink (3) Life Sav (1.60).. | Lig&MyrsB (£4) | LigCarb (3.60). Loew's inc (2). LouisGasA(1.¢5) Louts & Nash(7) Mcintyre P(1).. McCrory (1.60). Mack Truck (§) 108% Mack T Ist (7).. 112 § Mack Trk 2d (7) 106 Mackay pf (4).. 69% iMad Sp Gar (1). :8 Magma Cop (3. | Mailison & Co. ... Mailison pf (7) Manati Suga Man Elev gtd(1) Man Ei m g «d5) Maracaibo Oil... Market St prior. Marland Oil. Mar Rock(1315). Mathieson (4). May Dept S (4). Maytag (12%).. Mexican Seab. .. Miami Cop (1).. Mid-Continent. Middle States. .. Mid States O1f ¢t 14 Midland pun") 171% Miller Rub (2)., 26 Minn & St Loulu. Mo Kan & Tex. . Mo K& T pf (6). 106% Missour) Pacific. 56% Missour! Pac pf. 109% Montana Pow (5) 106 MontgmryW(4). 82 Motor Met (3.60) 2315 Mullins Body... 63% Munsingwr (3). 484 Murray Corpn... 18% l\ash Motor(15). 87% sh & Chat (1) 200 r«.: Bellas Hess. 3914 NatBHess pf(7), Nat Biscuit(17). NatCash IR (A)3 Nat City Bk (20) Natl Dairy (3).. 4% 17 474 13% 0 | Nat Distiiters Nat Distillers pf Nat Lead (5).... 12 Nat Park Bk("‘) 605 Nat Pw&Lt (80c) Nat Supply (4). Nat Surety (10), Nevada Ci113).. NOTex &M (7) NYAIrBr(3).. N Y Cent (8).... N Y Centrai rts, NY C&StL (6).. k\:YC&Sfl_ oo Doc! . NYNH& Hart.. NY NH&H pf(7) NY Ont& W (1). NY Steam pt (6) NY Stm pf A (T) Niag Fpd (1%). Norfolk South, Norf & W (8).. NorAm b10%stk North Am pf (3) NorAm Ed pf(7) | North Pac (5).,. Nor Pac efs(5).. 5| Omnibus. Orpheum Cir (2) Otis Elevator (6) Otis Elev pf (6). Otis Steel....... Owens Bot (C15) Pac Coast 1st. .. Pacific Gas (2).. Pac Oil Stubs. .. Pac Tel & Tel (7) Packard (12.90). Paige Motor.... Pan-Am Pet (4). Pan-AmPetB(4) Parmt-Fam (j8) Park & Tilford Pathe Fx A (1). Patino (a2.10). . Peerless Motor. . . | Penick & Ford. . 124 27% 15% 6% 49 PennDix Cmt(2) Penna R R (3%) Peoples (Gas (8). Peoples Gas Pere Mara (18) Phila Co (k#)... 1 PhtlaCo5% pf2% Phila& RC1 Phillips Pet (3 Plerce-Arrow Plerce Petrol! Pillsbury (1.60). Pitts Coal . . Pitts St pf (7). Porto Rico To B. Postum (5)..... Pr Stl Car pf (7) Prod & Itefiners. Pub Serv NJ (2) Pub Serv pf (6). PullmanCor(14) . Pure Ofl (1213). Purity BakA(3). PurityBak nf(7) Hadio Corpol A, 69 66!y 8la 9% 80 34% 100% 984 25% 41 'l'u 121% 121% 01 x 6T 4% 61 23% 22 B9% 66y 66 3t 18'% 4ty l'ws 1341 7 48 l(}l‘c 3 102 1024 102t 152t 1517 152% 61 121 16% 103 15% 65, 81'% 106 61% 954 9% 80 84% 997 98!y 25 40' 189'1 8874 % 18% b4 47 101 8814 B6% 67% 64 2121 61 120% 164 9 113 113% 113's 103 o 16% 657 Bl% 105 61% L5 i1 '11 4 67' aln lGJu 387 TN 184 "l\. bT% 474 $T% 68 64% 212% 121 16% 103 1085 1084 1080 603y 5% 3l 51 367 10% 26% 152 28% 118% 45% 45% 4B 106% 16 1064 ll!9'h 109% 109% 106 82 23% 63% 48 19 88% 200 146 45% 45% 46% 715 63% 61% 62% 53% 62% 121 605 BT% BTh 87T% 272% 270% 270% 4 13115 181% 131% 107% 107% 107% 60% hath 1% 111% 111% 100 110% 110% 110% 29Y% 62% 53 104% o 148 u9v 8% 9% 47% 10% 48% 49% 109% P 22 20% 224 19% 25% 66% 156 5% 36" 21% 123 53 60 5% 30% 497 35% 10% 26% 152 28% 118 87 56% 106 81 23 60% 47% 18% 87% 200 39% 38% 39 92 93% 92% 145% 710 51% 594 121 605 24% 16% 143 40% 40% ! N, 166% 164% 164% 6% 61 6015 53% 29% 49% 189% 620 53 104% ‘148 119'% 8ih 9% 1 lfish 157% 158% 4% 10% 48 49 108 43'% 21 20 5 19% 155 5% 374 2% 123 534 60% 5% 30% 49T 36% 10% 26% Sears-R (n2%). 76% Shattuck F G (2) 94% Shell Un (1.40).. 2 Shuber The (5). Simmons (2).... 58 Simmons pf (7). 111 Sinclair Otl,.... 15% Skelly Ol (2)... 25% So Por Ric S(f2) 39% South Culif Ed.. 39% South Dairles A. 1% South Pac (6) Southern Ry ( South Ity pf (5). Spear & Co..... Splcer Mfg s SUG&E (3%). StdG & Epf (4), Std Millg pf (6). StdofICal (1284 ), Std OilL.NJ t1%) Std OIINY (1.60) Sterling Pro(6) Stewart-War (6) Studebaker (5). Y Studebak pf (7). 121 Submarine Boat. Sun Oil pf (6) Superior Oil.... Telautogra (60e) Tenn Copper (1) Texas Corpn (3) L 99 14 38 + 100% 3t " 8% | Tex'Guif Sul (4) Tex & Pacific. .. Tex Land Trst n Thatcher Mfg... Third Avenue. .. Thompson«3.60) Tidewatr As Oil. Tid WASOIIpf(6) Timken (t5).... Tobac Prod (7). Transcont Ofl... Transue & Wil.. Underwood (4). Un Bag &Paper. Union Carb (6).. 1 Unlon O1l (121 Union Union UtdCgrStiCsoc) United Drug (9) Utd Drg 1st (314 Utd Dyewood. .. Utd Fruit(t5ig), 142 USCIP&F (10) 211 U S Distributing 174 U S Hoffman (4) 48 U S Alcohol (5). 74 U S Leather w 1. US Leather A.. 46 U S Realty (4).. 624 U S Rubber..... 5l U S Rub I1st (8). 100% U S Smelt (315). 384 U S Steel (7)... U S Steel pf (7). Univ Pipe(t21%) Uni Pipe pf (7).. Utl P&Lt A (e2) Vanadtum (3) Vick Chem (4).. Vcksbg&Spf(5) Victor Tk Mch. . Victor ev pf (6). Victor pr pf (7). Va-Caro Chem.. Vivadou (3).... Vulcan Detin. Wabash....7... Waldorf (115).. Walworth (1.20) Ward Baking B. 28 Warner Plc A... 26% Warpen Bros (4) 124% Web&Heil pf(7). 102% 60 15% 85 118 (i 21% 49 1 109% 35 191 60'% 0 3l 53% 58 101 354 88% 96% 12 23% 38 e 20% 20'% § W Penn El pt (7) 111 | West Union (8). 57 106 Bl‘h 60‘,-’. 47y 19 87% 200 145% | 714 51% 62 121 605 2 16% 143 6% 60% 54 29Y% 49% 190 62% 53 0| 148 119% 874 T9% 654 427 1% 47% 10% 48% 49% 21 20 West Maryland. West Pac pf (6). 62 66% 162! 46 K3y Westhse A B(2) Westinghse (4). White Bagle (2) 22% White Rock (t2) 39% White Sew Mach 47 Wiliys-Overland 14% Willys Od pf (7) 93 Wilson Co pf 22! } Wilson & Co pf | Woolworth (5). Worthn Pump... Wright Aero (1) Wrigley (1313).. Yellow Truck. .. Youngstn S&T Dividend rates as pro the annusicash 51 3314 8% 2iven in t i SOnit o) mmm iess than 100 share sfartiviextra & Plus 4% i atock ¢ P able mon stock 9 Plus 2/60 Slaow ™" o BEThis" ek o TaRuiEe tath hTen ver cent in common stock vavable Sl % quarterly Pl 5% in stock. d Pay. m Plus s% in stock. O'Plus 'S4 in. ofeietred stock a Plus one-hal? of S ork GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, October 15.— Bid. Ger Gt Red Losn with draw u(- g atg.ver 100 B 60.00 Asked. 65.00 d raw ctfs per 1.000 R M .00 38.00 noted in dt-llnrl ver million _marks,) l'hm urg 43%s 5.00 8700 _(Quoted_in doun mark; Gen Ele: 4s ar mb 38 §ise & 45 Drewar Hambuse Avor Live 4148 North German Lioyd Krupp 62 10: Dusseldort Berliner Handels. Dresdner Bank 0 Deutsche B; a0.00 Ba.00 eyden Chem 3.0 { Mereur Bank v "vie Nor. AE u luen Elec) 50 16:00 Aditrinn & 0 1404 t} 1.00 FOREIGN EXCHAN GE. (Quotations furnished by W. B. Hibbs & Co.» . Nominat Selling checks eold valiie: toda B4 $4.87 o0 5 London, Montradil Paris, rid. peseta Vie:1na. crown . 000014 1% Vie:na. crown 0014 Oslo. crown., Stockholm. crowir. NEW YORK, October 15 (#).—For- eign exchanges steady; quotations in cents: Great Britain, demand, 4863 cables, 487 1-32; 60-day bills on bank: 482 13-16. France, demand, 3.92%; cables, 3.92%. Italy, demand, 5.46%; cables, 5.46%. Demand: Belgium, 13.91%: Ger- 130% 130% 130% 104 44% 407 39% .)fi 103 44% 404 383 27% 103 44y 0% 38% 38, 88 o-p/, mt% 1024, mz'a 80 25V T9% 25 9% 25 ; Holland, 40.19%: Nor- weden, 26.92; Denmark, sw tzerland, 19.28%: Spain, 17.25; Greece, 13"»; Poland, 11.20; Czechoslovakia, 4; Jugoslavia, 1.76; Austria, .623; Argentina, 42.80; Brazil, 46.56%: Shanghai, 62.00; 100.09 7. P SELL THEIR ASSETS. NEW YORK, October 15 (#) — Stockholders of Canada Cement Co. have accepted the offer of Wood, Gundy & Co., Ltd., for the purchase of its assets. Each common share- holder will receive $250 a share and each preferred shareholder $125 a share, an aggregate payment of $46,- 875.000. The company is one of the largest cement manufacturers on the continent. “Montreul, T reported sold. 0 | to_yield over the corresponding week a year ago, but below the week of October 6, when clearings were. $30,- 790,000, the slight falling off being no doubt due to the fact that Columbus day was a partial holiday. The dollar volume of business for the country as a whole, figured from total canceled checke, was substan tially greater than the previous week orresponding week a year rding to the Department of Commerce. Wholesale prices during the week ended October 8 showed no change but are still below the prevail- ing level of the same week in 1926. The value of new building contracts awarded in 37 States, although lower than in the preceding week, was higher than in the corresponding week of last year. The cotton receipts were smaller t in either the previous week or a year ago. Business failures were more numerous in the country at large than in either prior compara- tive period. Premium Offercd on Liberties. A premium has been offered by Sec- retary of the Treasury Mellon for sec- ond Liberty loan 41, per cent bonds, which have been called for Novem- ber 15. During the week from October 17 to October 22 inclusive only, the Treas- ury has authorized Federal Reserve Banks to purchase at the option of holders, these bonds at 100 3-32 and ac- crued interest to date of such optional purchase. Second Liberty loan 4 per cent bonds are not included in the offer. Bank Ratio Lowest in Years. Another increase of $3,000,000 in purchases of bills in the open market, along with heavier note circulation and lower member bank deposits than the previous weck, vere chiefly re. a decline of Richmond 1 Reserve Bank's ratio on Octo- 6 per cent, the lowest figure in ye ‘This compared with atio of 46.72 the week before and cent a year ago. counts in the local fifth dis- trict amounted to $29,251,000, and were slightly lower than the previous A year ago rediscounts stood 5,733,000. Bills bought in the market totaled $33,251,000, against only $12,737,000 at this time last year, xlml holdings of Government securities 55,000, compared with only $7,- 000,1)"(‘ Pays 17 Per Cent Cash Dividend. Advices from Richmond state that a cash dividend of 17 per cent, the largest cash distribution ever made in the history of the company, has been declared by directors of the Life Insurance Co. of Virginia. This payment. on the $3,000,000 capital of the company involves a payment in cash of $510,000, and will be pald on October 21. ‘While several stock dividends of $500,000 have been declared by the company in the past, and thus made a_dividend of larger percentage, the dividend just declared is unique from two aspects. It is the largest single distribution ever made by the com- pany in either cash or stock and is the ‘largest percentage ever paid in cent over The last extra dividend was paid in February of this year and amount- ed to 7 per cent. Employment Outlook Bright. Outlook for industrial employment for the remainder of 1927 is highly favorable with an increase in the vol- ume of employment, except in a few instances, in the South Atlantic dis- tricts where seasonal declines in con- n on with agricultural activities will be effected, the Department of Labor reports in a special survey on employment prospects. In_discussing particular localities, the department says that employment will gain in Indlana and Michigan be- cause of an expected improvement in the automobile industry. Ohio con- ditions are expected to remain un- changed, Illinois to improve, Pennsyl- vania to be favorable, and an upward trend is predicted in the boot and shoe and textile industries in New England. Dividends and Other Notes. The board of directors of the Union Finance Co., 1410 H street northwest, yesterday declared the regular quar- terly dividend of 2 per cent on the preferred stock and 10 cents on the common stock. It was the twenty- ninth consecutive dividend disburse- ment on the preferred shares. Both dividends are pavable today. The $50,000,000 German Central Bank of Agriculture issue of 6 per cent gold sinking fund bonds offered at 95% and interest, by the National City Co., Harris, Forbes & Lee, Higginson, is The bonds are priced per cent. Frank O. Wetmore, widely known Chicago banker, was a visitor in Wash- ington during the week, stopping at the Mayflower. Mr. Wetmore is chair- )Iman of the board of directors of the First National Bank. Local banks were co-operating today with the Disabled American Veterans’ Assoclation in the drive for funds to carry on liaison service and emergency relief work. Liggett Drug Store Sales Up. Four hundred and fifty-three Liggett drug stores, operated by the Louis K. Liggett C subsidiary of the United Drug Co. of Boston, in the month of September did a volume of $4,841,649, an increase of $311,133, or 6.87 per cent, over September of 1926. The sales for the first nine months of 1927 were $41,849,236, comparing with $38,142,827 for the corresponding period of 1926, an increase of $4,706,- 409, or 12.33 per cent. The Western Union Telegraph Co. for nine months ended September 30, 1927, reports estimated net mcome of $11,251,769 after charges and Federal taxes, equivalent to $11.27 a share earned on 997,866 shares of capital stock. This compares with $11,305,676. or §11.32 a share, in the first nine months of 1926. Norfolk Extra Believed Likely. Advices from Philadelphia say an extra dividend this month on Norfolk & Western common is considered likely in the financial district there. It is expected that payments will be made equal to those of last year, which were $10 a share. It is com- varatively certain the road will earn about $21 a share on its common, or more than twice the amount of the $10_disbursements to holders. The dividend was increased last January to $8 annually. In October, 1926, in ddition to the then regular $1.75 quarterly rate, an extra of $5 was declar From 1922 to 1925 $8 annually, paid Local Market Strong 'Today. Today's Washington Stock Ex- change trading report shows strong prices and much activity. The gen- eral trend wes upward in both stocks and bonds. In_the unlisted | department the bid on Raleigh Hotel , Co. stock was raised from 95 to 100 | nd asked price of 10 is now being | auoted on Departmentaj Bank stock, with none offgred, £ month 0D. s Co A 1520 K Street Main 475 i REI fii? Dl" CO\DIT!O\ NORTH CAPITOL SAVINGS BANK At Washington, in the Disteict of Columbia. at the close of business on October 10, 1027 UNFAVORABLE CONDITION OF CORN CROP REMEDIED Better Weather and Delayed Ar- rival of Killing Frosts Partly Offset Poor Start. By the Associated Press. The reduced acreage and poor con- dition of corn resulting from unfa- vorable weather at planting time and early Summer has been partly remedied by favorable conditions later and delayed arrival of killing Autumn frosts, the Department of Agriculture announces. Fifty-eight per cent of the corn was matured in the corn belt on Oc- tober 1, and 20 per cent more was expected to mature if kiling frost held off as late as October 15, crop reporters advised the department. The cxpected percentage matured by October 15 was announced as: Illi- nois, 65 per cent: Indiana, 67 per Ohio, 78 per cent; South ta. 65 per cent; Missouri ani lowa, about 80 per cent; Nebraska. 88 per cent, and Kansas, 95 per cent. In these eight States only about 6 per cent of the crop had been dam- aged by frost up to October 1, the department said. WHEAT AND CORN SAG IN CHICAGO DEALINGS Earl}f Upturn in Small Grain Off- set When Commission Houses Sell Heavily. ES. 1. aLoane and discounie. in- cluding _ rediscounts. ceptances of other bank: cRange™ or' drafts sol Ban ndorsement of thite1.205.002.16 1.016.60 7.800.00 148.064.02 70.919.39 ul ‘e 'from national han! 745,120 97 Cherks on other banks in the same city or town as reporting hank . atals of items 10.063.72 . b Miscellanoois cash éme 103.00 Total .. - .31.748,080.86 TABILITIES. L Gavital stock pald"in Surplus fun $90.000.00 53.000.00 | $34.501.66 12.784.78 taxes, Fxpenses Daid - Reserved | for $4.834.96 deposits (other than bank deposits) sub- vrul to reserve (deposits bie Within 30 davs) - 3 lmlnllhlnl deposits sul ect to check . . Dividends unpaid . Total of demand ‘deporits than bank de- fubject’, fo re. 29 757 4md e Time " déposiis _subject to reserve (pavahle after 30 days, or subject to 30 R or more notice and _postal savings) - . Savings deposits (inelnd time * certificates of vosit “other mones harrowed ) . Other time deposits Total of time BY GEORGE C. SCHNACKEL. i Special Dispatch to The Star. CHICAGO, October 15.—Wheat open- ed steady today under scattered buy- ing because of unfavorable weather over Canada, but later Northwest and local commission houses sold heavily, forcing a setback. After 30 minutes B L4 e Cashier, P . v .3054: | | Subscribed and_sworn to befors me t A{:ar(t:;:dg‘,‘fi%:r)filc:;.lb;.gsq.a! i T o"ia"x-:v'.ufi'm ROBINSON. Liquidation based on the favorable Corrt—Atat: Notary Public. weather lowered corn levels. Decem- Ghas, W, Flosckher, ;;;e;‘.sold at 86%; March, 89%; May, .Sfl% ,'Jp;:::l::.u Rk H""_n iy, Oats were lower with other grains. | fed £1 girk B'eflvi?mber, 46%; March, 48%; May, | M. L. Mich oo "z':"v'fi.‘.‘n Provisions were lower with hogs. » d BUTTER HIGHER. CHICAGO, October 15 (#).—Butter higher: receipts, 6,869 tubs; creamery extras, 461%; standards, 43%; extra firsts, 43%ad4%s: firsts, 3915a41; sec- onds, 36a38. 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