Evening Star Newspaper, October 17, 1927, Page 10

10 ¥ b'F.IN ‘BEARS GAIN EDGE = INSTOCK TRADING Selling Particularly Effective in Leaders—All Motors Are Heavy. Special Dispatch to The Star W YORK, October 17.—Reaction tendencies predominated in market. The selling was particu v effective in the leaders, in stocks tment rating hoth rails and s and it had least influence enewed at 414 per cent s the highest in over a week he £h Money which w o his served as an excuse for t sed offerings in stocks, althos v The market had not given a good ac- count of itself Saturday when, * day, the strong spots were pract v moved becau supply elsewhere had evidently 1 on the pre ion. the and tod that interpreta on the preceding s In Better Supply. i While there was no rush to sell, the supply was in excess of demand in| such industria General Motor , General nd Smeltir i and Refining. The 1 d in much | the same way. New York Central sold off over point on a turnover ||ul<l—J erate for that k. Atchison, Balti- more & Ohio, Delaware & Hudsol Norfolk & Western and Union Pacific | were all_d or less. When | comy d W h¢ of the year | some of the quite 1 Yor instanc Hudson be low 194 tod i toy t in the coal properties, ere has been no change in publicly known. 3 nspicuously firm in the fage of the selling of the other rails. All the motors were heav Motors showed the best re the pressure, but t Brothers preferred m : ' the year below 61, and so did Pierc Arrow peferred below 39. Studela had a setback and Hudson, in which there is supposed to be an ex d short intel fluctuated uncer from the motor trade cen- encouraging rather than otherwise, but there W still the doubt about the new Ford and its ef- fect on sales of the other companies. New York: Traction Strong. The stock the local tractions were very strong. Brooklyn Manhat- tan took the lead and interborough . followed closely. The Street believe: " the outcome of all various transit in- " quiries and rcadjustment plans will be favorable to outstanding securitie of the traction companies or at least ) that the market price of these securi- jes has more than discounted the difficulties of the situation. Indus‘rial specialties in which th bidding up process was still success ful included American Linseed, Col- ! lins and Aikman, Beechnut Packing, F. G. Shattuck and Rossia_Insurance All of these touched new 1927 highs. Philadelphia Co. jumped over 4 points as it crossed 107, a not unusual per- ,- formance for a utility stock with so 5= small public holding. ¢ Money Not Factor. That money was not a factor in the %" market was demonstrated when 'the rate was reduced in -the afternoon to 4 pe Prices hardened for a brief period and then the selling was _ resumed in larger volume and with lower prices for all kinds of stocks. & " The sugar shares were the objects of a particularly violent attack. Amer- jcan Sugar had been weak all day, off 5 points as it touched 80, and in the afternoon Cuba Cane preferred yield: ed until, dropping below 30, it was at __the lowest SITiCe 1922, “That the sugar stocks should prove so vulnerable was » something of a surprise, in view of .-} the firmness in the market for the { commodity. Steel, General Motors and General Electric extended their losses as the day went on. ' New York Central was the weakest of the high-grade divi- { dend-paying rails. Plainly, bear oper- | ators were taking advantage of an op- | portunity that has not presented it- | gelf for a long time. ntere General tance to Dodge new low for Wall Sireet Briefs JOHNS - MANVILLE. — Probability . that Johns.Manville Corporation will absorb Certainteed Products Corpora- ' tion is the latest talk in brokerage circles, thus forming a basis for a company that ultimately will be’ the ! Jargest of its kind in the building material industry. Certainteed has | been active in negotiatlons for ac- | quisition of other compantes. AMERICAN MACHINE.—The sharp rise in shares of American Machine & Foundry Co. is assoctated with the , work of the company’s engineers ona new alloy as a substitute for solder. known as amaloy, which can be sold ! at one-quarter the cost of solder. Ne- gotiations with several can manufac- turing companies are reported to be under way. The low price of the com- mon stock this year was around and it has risen almost to $150 re cently. The preferred has risen above $180. COPPER sumption of copper has bes ahead of production, which the trade constders is a sound condition. Another drop in surplus stocks in North and | month to the low- nber indicates only 172,986,000 pounds of the metal avail- able for market, little more than three weeks' consumption. Due largely to electrical opment, consumption of copper has tended upward in the last 50 years or more. SOVIET T.—Soviet sugar production this r will reach a post-war record volume of 1,400,000 metric tons, equajing the E. V. CONSUMPTION.—Con een running heads a_delegation now in whatever is new in sugar mill construction. The prop- erties he represénts are valued a $600,000,000, he says, comprising 2,500, 000 acres. Sugar beet seeds grown there have been brought to America and are being t a ral Amer- ican experimen BROKERS' LOA ~—The financial | aistrict is beginning to look upon the 4 anges in brokers’ with almost tive a large decre but the de e turned out to be less than a million dollars. Then the | York Federal Reserve Bank's ment as of October 12 showe secured by stocks and bonds of $2,. 257,000,000, a decrease of $112,000,000 from the week b PIG IRON production in Fra 773,483 metric tons | the Street last i —Pig iron nce in August was s, against 769,095 in ase, 694,029 tons Pig iron output eight months of tons and Bankers’ Jul 140,545 tons, the reports, > Massachusetts automobile license | Am Po & Lt (11) | Am Shipbldg (8) 106 | AmS & R pf(7). | Am Sugar (5)... Blmingdle pf (7) 111% Bush Trm pf (7) 118 Butterick (g2) Byer & Co... Byer & Co pf (7 Calif Packg (4). Calif Petm (1).. Calumet & Ar (6) 86 Caiu & Hecla (2) Can Dry (+3%). Century Rib M.. Certain-Teed (4) Certain-T 1st(7) Certo Corpn 13% Chandler pf( Chase Nat B(18) 576 ANCIAL. High Low Cl 136% 132 102% 100 100 110% 109% 110% 9ty 29% Open o Abitibt Pow (5) 136 Abrahm&Straus 102% Abr&Stras 7%pf 109% Adv Rumley.... Adv Rumley pf. Ahumada Lead. Air Reduetn(17) 1797 Ajax Rubber... B Albny Pap pf (7) 99 Allied Chem (8) 155% Allis Chalm (6) Am Agri Ch pf.. { Am Bank N (2). m Beet Su | 4= Beet | Am Bosch z Am Br Sh (J1.60) 1% Am B Shoe pf(7) 123 | Am Brown Bov. ~ 91 | Am Brown Bopt 43 ‘ Am Can (2) 6614 91y N 46 67 43 65% 65 100% 100%, 125 126 q Am Car&Fdy (6 101 AmC & F pf (7). 125 | ‘Am Chicle (3).. 171 | AmChic pr p£(7) 104 Am Drug (8ic). [ Am Express (6) Am & For Pow.. Amé&Fo Po pf (7 Am Hide & Lea. Am Ho P (240). American Ice(2) Am Internati(2) Am La France. . Am Linseed. 5 Am Linseed pf.. 837 Am Locomot (8) 101 Am Loco pf(7).. 124% Am Machine (2) 142 AmMa&Fy pf(7) 190 AmMetals pf(7) 110% Am Plano (3)... 3 Am Piano pf (7) 9 T4 Am Radiator (5) 136% Am Republic.... 46% Am SafetyR(13) 574 Am Seating (14) 40% 1 3. 26% 105% 1 11% 6 2! 106 117% 111 34 933 93% 691 69% 1354 135! 441 444 674 56' 56! 401y 3¢ 397 106 10! Am Ship & Com. i Am Smel 8) 167% 1673 164% 1 n 129% 129 49 494 494 84 80 1124 112% 112 112 Am Sumatra.... 67% 67% 66 66 Am Tel & Tel (9" 18 2% 180% 180% Am Tobacco (8). 150% 150% 14815 149% AmTobaccoB(8) 150% 150% 148% 1484 Am Type Fo(8). 139% 139% 136 Am W W (m80c) 64 Am Woolen..... 22 Am Woolen pf.. Am Writ Pa ctfs Am Wr Pa pf cfs Am Zine.... Am Zine pf. Anaconda (3). Archer-Dan (3). ArmourDel pf(7) Armouroflll(A) Armourof111(B) Armour I11 pf(7) Arnold Con&Co. Asso Dry G (2%) 49% Asso DG 1st (6) 109% Asso DG 2d (7). 108% Atchison (110).. 190% AtICL (18%) 94 AtlGulf & WI.. 33% At) Refining (4). 116 Atlas Pow pf (6) 104 Autostrap A (3). 44% BaldwinL (T).. 250 Balto & O (6)... 120% Bang & Ar (3%) 70 Bang & Ar pf(7) 112% Bk Comerce 118. 532 BankofMan(16). 590 Barnsdl A(b2%) 21% Bayuk Cigars.. 85% Bayuk 1st pf (1) 108 Beech-Nut (13). 704 Belding Bros (2) 22% Best&Co (3)... 5a% Bethlehem Steel 56 Beth Stl pf (7).. 116% Bloomingdale. .. 404 64 4915 80% Am Stl Fdys (3) Am Sugar pf ( 35% 9% 109% 109% 109% 108% 108% 108% | 190% 188% 188% 194 1914 191% 33% 334 334 116 113% 1134 | 104 104 104 445 44 4dn 250% 249 249 120% 119 119% 0% 68% 68% 112% 112% 112% 532 532 532 590 590 590 21% 21% 21% 85% 85 85 108 108 108 0% 67% 67% 22% 22 22 b4 53% 53% 56 54% 54% 117% 116% 117 40% 39% 39% 111% 111% 111% Blumenthal pf.. 85% 85% 85% 854 4« | Dupont (19151 THE EVENING STAR, WASHINGTON. D. 0. MONDAY. _OCTOBER 17, 1994, NEW YORK STOCK EXCHANGE [l Open High Low Close. 3867 337% 330 430 114% 115! 116% 11 167%% 1 241 13 DuPont deb (6) Duquesne pf (7) 4 166 Eastman (18)... Eaton Axle (2).. Eisenlohr & Bro. El AutoLt (16%) Electric Boat. .. Elec Power & Lt Elec Refrigeratn El Stze Bat (16) Em-Brantgm(A) End John (5).. . Engineers Pub § EquitableTr(12) 405 o 671 166 241 g " 1% 704 % Eureka Va ft4% Fed Ligt(h1.40) 40% Fed f 9815 Fid P . 15 First NatS(1%). 2 Fisk Rubber.... Fleischmann (3) Foundation (5). Fox Film A (4). Freept-Tex t43% Gabriel Sn (3%5) 36% Gardner Motor. . Blg Gen Am Tnke4). 57 Gen ATC pt (7). Gen Asphalt. . Gen Asph pf (5). Gen Cigars (4).. 6 Gen Elec (15).. 135 GenElecsp(6be) 11% 11% 11% 114 Gen GasA(o1%) 38 38 38 38 Gen Motors..... 1381 138% 135 135 Gen Mot pf (7).. 123% 124% 123% 12 Gen Outdr Ad(2) B Gen Outdr A (4) S8l Gen Ry Sig (5). 138% 135! Gen Refrac (3). 67 67 66 Gillette (t41%) 102% 100% 101 Gimbel Bros. 51'a 49's 492 Glidden Co 15% 13 15% Glidden pr pf(7) 89 Gold Dust (3)... 66 Goodrich Ru (4) 8174 Goodrich pt (7). 105 Goodyear Tire. 61% Goodyear 1st pf. % Gothm S H (2%) 79% Gotham new 214 80 Granby Con Min 34% Grt North pf (6) 9974 99 Gt Nor pf cfs(5) 98% 984 Grt NorO (135). 254k 254 24 Grt WesS(2.80) 40% 41% 39% Gt West Spf (7) 121% 122 121% T 40% 40 9812 - 9814 154 1511 27 26 153 156% 630 62 49 49 70 69Y 9% 894 36% 364 8la 8% 68% 57 574 110% 110's 110% 110 Baly Bt 8O3 K1 125 124 124% % 68 67% 68 135 131 131 15% 625 49 691 89% B6W 631 49 69 919 79 105 60 951 4 105 61% 951 T9% 80 4 105 60 80 34 98% 64% 41 103 62 21% Gulf States Steel Gulf Sta 1st(7). Hanna 1st pt. . Hrtn B b10%st] HockingVal(10) Hollander & Son Houshld P (3%) Houston Oil.... Howe Sound (4). Hud Man (2%). Hud Man pf (5). Hudson Mot (5) Hupp Mot(1.40). Illinots Cen (7). Indep Oil (1)... Indian Mot (1%) Indian Refining. 103% 103% 103 61 62% 61 21% 21% 21% 880 380 4 391 6614 65% 170% 166 38% 3 55% 867% 61 170 38% 543 8674 4 86% 867 72 3 70 70 18% 18% 18 134% 134% 132% 1323, 21% 21w 20% 20% 30 30 30 30 8% 8% 8 8 Indian Refgctfs 8 8 ™% ™% Inland St (23%). 51 51%¢ 51 51 Inland Stlpf (7) 118 118 118 1187 Inspiration..... % 1T% 17T% 1% InterboroRapTr 36 38% 36 36 Internat Agri... 9% 9% 9 9u Int Bus Ma (4).. 92% 92% 91% 91% Int Cement (4).. 5744 57% 57% 57% IntCom Eng (2) 48 48 46% 46% Int Comb pf (7). 101% 101% 1013 101% Int Harv (§6) 221% 222 215 215 Inter Har pf (7). 134% 134% 134% 134% IntMtch pf(3.20) 89% 90% 884 88% Int Mer Mar pf. 37% 37% 364 36% Int Nickel (2)... 67% 68 66% 66% 66% 631 63% 23 23 23 22% 22 22 181 180 180 60% 57% 60 84 84 84 133% 127 127 46% 45% 45% 33% 32% 32% 9% 8% 8% 52 52 52 101% 101% 101% 8181 21 131% 131 131 68% 66% 66% 107 107 107 118 118 118 4% 4 4% 50 47% 82% 80% 110 110 65% 65% 20% 20% 87 84% 86 16% 16% 16% 54% 52% 53% 195% 192% 193 192 191 191 104% 104% 104% 265 259 269% 26% 26% 26% 805 305 305 12% 12 12 64 62% 62% 52% 51% 51% 113% 113% 113% 72 0% 72 5% 5% 5% 19% 18% 19% 576 572 572 250 520 520 213 207% 208% 857% 84 % 12% 45% 81 15 33% 17 30% 16 30 Bon AmiCl A (4) 66% Botany C MillsA 23 Briggs Mfg Co.. 22% Bkin-Edison (8) 181 Bklyn-Man (4).. 57% Bkin-Man pf(6). 84 Bklyn Un Gas(5) 133% Brown Shoe (2). 46% Brunswick B (3) 33% Brunswick Ter.. 9% Buft&Susq pf (4) 52 Burns Bro (10). 101% Burns Br B (2).. 21~ Burros Add (t4) 131% Bush Term (b8). 68% Bush Ter de (7). 107 Butte Cop (50c). 4 48% .. B2% ) 110 65% 20% 110 65% 20% 167% 54 Can Pacific (10). 195% Can Pac 1st pd.. 192 Car CI&O sta (5) 104% CaseThreshg(6) 265 Cent Alloy (2).. 26% Cen Ry NJ (112) 305 12% 64 52% 113% 0% 5l Cerro dePas (15) Chand-Cleve Chat-Ph Bk(16). 520 Ches & Ohio (10) 213 C & O Corpn (3). 3 Chi & Alton.... Chi & Alton pf. Chi & East Ill... Chi & East 111 pf Chi Great West. Chi Gt West pf.. Chi Mil & St P. . Chi Mil & StP pf CM&StPefs.. C M&StP pf cf: Chi & Nwn (4).. Chi Pne Tool (6) 127 Chi Rock Is (5). 106% CRI&Ppf(6). 102 Chi Yellow C(4). 44% Childs (32.40).. 63% ChileCo (23).. 35% Christl B (1.20). 64% Chrysler Cor (3) 56% Chrysler pfA(8). 1134 Cluett Peab (5). 74% Cluett Pea pf (7) 124 Coca-Cola (5)... 125 Collins & Alk(4) 984 Collins&A pf (7) 104% Col Fuel & [ron. 82% Col Gas & El (5) 90 Col G&E pf A (6) 107% Col Carbon (4).. 86 Com Cred (1)... 17% Com Cred pf 6%. 83 Com Crpt B (2). 22% Com In Tr pf(7). .97 Com Solvents(8) 180 " 1 Com Powr (2%). " 72% Conde Nast (2). 413 Congoleum-Nalr Cong Cgrs(t4%) Con Cigars (7).. Con Cigars pf (1) 103 Consol Gas (5).. 116 ConsolGas pf(5) 99% ConRRCuba pt6 69% Consol Textile,. 4% Cont Bakg A (4) Cont Baking B.. Cont Bak pf (8). Cont Can (5).... Cont Insur (6).. Cont Mont (80¢) Corn ExBnk(20) Corn Prod (13) “orn Prod pt (7) Coty Inc (5).... CrucibleSteel (6) Cuba Cane Sugar Cuba Cane Su pf Cuba Company . Cuban Am 8 (1) Cudahy Pkg (4) Cushman’s (§4) Cuyamel Fruit. . Davison Chem. Deere&Co pf (1) Del & FHud (9). [ Del L& W (17). |DRG Wstpf... | Detroit Ed (8). . Devoe&R 18t(7) Diamd Mtch(8) { Dodge Bros Cl A 16% 30% 16 30 92% 92% 127 127 127 106% 104% 104% 102% 102 102% 45% 44% 45 63% 62% 62% 85% 35 35 641 64 64 564 54% 54% 113% 113% 113% % 4% 176 124 124 124 125 123% 123% 99 96 96% 105% 104% 105% 83% T9% 80 90% 89% 90U 107% 107% 107% 88% 85% 86 18 17% 1% 824 82Y% 22% 22% 97 97 97 80 172% 173 T2% 67% 69% 415% 41% 41% 2% 22 22 68% 6T 68 9% 19 kel 103 108 103 116 114% 114% 99% 99% 69% 69% % 4% b5% 54 6 5% 94% 924 1% T6% 207% 209 207 10 10 10 593 593 593 58 58 574 133% 133% 133% 105% 107% 104 85 85 84 4 6% 6 31% 22% 593 5T 133% 106% B4l 6 31% 9% 22% 21% 21% 537 53% 52% 149% 152 148 52% 2% b52% 62% 38% 38% 3T% 3% 119 119% 119 119% 193 194% 191% 191% 132 131 181 55% b5% 55% 155 155 165 12 143 M 140 140 139% 140 15% 16% 14% 14% 21 2 11 tags for 1 re to carry a small pic- ture of a codfish, as a kind of State trade mark, Dodge pt (7).... Dome Mines (1). Dunhill Int (4).s 62% 62% 60% 61% 9% 9% 9% 9% 9% 60% 9% b69% Intl Paper (2.40) 64 65% 6315 64 Int Paper pf (7). 102% 102% 102% 102% Intl Shoe (7).... 230 230 222 222 Intl Silver pf(7) 128 128 128 128 Int Tel & Tel (6) 152% 152% 149 149 Island Creek (4) 61 61 61 61 Jewel Tea...... 78% 78% 71 n Jones Bros Tea. 28% 28% 28 28 Jones & Lau (7). 121 121 120% 120% Jordan Motor. 15% 15% 15 15 KCP&L1st(7). 115 115 115 115 Kan City South.. 64 64 62% 62% KanCSopf (4). T2% T72% 72% 72% KayserJ (4).. 60% 60% b58% 58% Kelly-Spring 2% 27% 26% 27 Kelly Tire 8% 93 93 92% 92% Kennecott C (5). 75 5 Kinney pf (8)... Kraft Ch (11%) Kresge SS t1.20 71% 71% Kresge SS pf(8) 113% 113% 113% 113% Kress S H (h1).. 91 91 91 91 Lago Ol (75¢).. 32% 382% 32% 32v% Lambert Co (5). 84% 847 83% 84% Lee Tire & Rub. 12% 12% 12% 12% LehighVal(33%). 104% 104% 103 103 Lehn & Fink (3) 3T 374 36% 37 LifeSav (1.60).. 22 22% 22 22 Lig&MyrsB (f4) 123 123% 1221 122% Lima Loco (4).. 61% 61% 61 61 Liq Carb (3.60). 52% 52% 52 52% Loew'sInc (2).. 60% 60% 58 58% Loft..cscececse 5% 5% 5 Long Bell A (4). 30% 301 30% Loose-Wil(1.60) 48 49 48 48 LorillardCo .. 36% 36% 36 6% Lorillard pf (7). 113% 113% 113% 113% Louisiana Oll... 10% 10% 10% 10% LouisGasA(1.75) 26% 26% 26% 26% Louis & Nash(7) 152% 152% 152 152 Ludlum Steel(2) 22% 22% 22 22 MclIntyre P(1).. 28% 28% 28y 28% McCrory pf (6). 110 110 110 110 Mack Truck (6) 107% 108 105% 106 Mack T 1st (7)., 112 112 112 112 Mackay (7) 116 116 115 115, Mackay pt 691 69% 69% Mad Sp Gar (1). 27% 27% 26% Magma Cop (3). 447 Mallison & Co... 16% Mallison pf (7).. 7 Manati Sugar pt. 54% Mandel (2%)... 42% Man El m g (d5) Man El Sup (5). Man Shirt (2)... Market St prio: Marland O1l.... Mar Rock(13%). 45 Mathieson (4)... 116 May Dept S (4). Maytag (12%).. MetroG pf (1.89) Mexican Seab... Miami Cop (1).. Mid-Continent. Middle States. Mid StatesOilet 1% Midland pf (112) 173 Miller Rub (2).., Minn & St Louis, Mo Kan & Tex. . Mo K & T pf (6). Missourt Pacific. 0% 70% 30 31 49% 49% 3 33 8% BTH 32% 33 24% 25 176% 25% 25% 3% 45 105% 106 55% b65% 107% 107% 105% 105% 80'% 6% 2 20% 25% 5> 48 19 86% 5% 38 38 144% 144% 45% 45% " Tl 62% 624 49 a9% 61 621 118 119 136'% 136% 24 24% 87% BTl 118% 118% 268 271% 163% 163% 16% 16% 40% 40% 1624 162% 6% bl 107% 107% 58% 58w 523 b2% 1% 111% Montana Pow (5) 106% 107% MontgmryW(4). 81% Moon Motor. 6% Mother L (50¢). Motor Met (3.60) Motor Whi (2).. Mullins Body. .. Munsingwr (3). Murray Corpn. . Nash Motor(15). Nat Acme (sta). Nat Bellas Hess. 39 39 Nat Biscuit(17). 145% 146% NatCash R (A)3 45% d5% Nat City Bk (20) 716, 716 Natl Dairy (3).. 62% ‘63% Nat Distiilers 515 52% Nat Distillers pf 624 624 at Lead (5)... 118 119 at Lead pfA(7) 136% 136% Nat Pw&Lt (80c; 24% 23% Nat Supply (4). 8T% 87% Nat Suply pf(7). 118% 118% Nat Surety (10). 272 272 Nat Tea (4)..... 163% 1631y Nevada C(1%).. 16%° 16% NYAIrBr(s).. 41 4l N ¥ Cent (8).... 164% N ¥ Central rts. 6% NYC&StL pf(6). 107% 107% NY Dock....... 59% 59% NY NH & Hart. 54% 5% NY NH&H pt(7) 111% 111% NY Ont& W (1). 40% 40% 39 NY Stm pf A (7) 110% 110% 110% 110% Norf & W (8).. 188% 189% 187% 187% NorAm b10%stk 62% 62 60% 61 North Ampf (3) 53 53 53 53 NorAm Ed pf(7) 104% 104% 104% 104% North Pac (5)... 96 96 954 954 Nor Paccfs(6),, 94% 94% 93% 93% Al 4 114% 115% | Opnnm Col (4). . n 116% 116% | Orpheum Cir (2) Received by Private Wire Direct to The Star Office. Open. 18% 5% 254 Otis Elevator (6) 148 Otis Steel. 8% Outlet Co (4). 73 Owens Bot (Ct5) T9% Pacific Gas (2). 42% Pac Tel & Tel (7) 157% Packard (12.90). Palge Motor. ... Pan-Am Pet (4) Pan-AmPetB(4) Pan-Am West B. Panhandle Parmt-Fam (§8) Park & Tilford.. Pathe Ex A (4). Peerless Motor.. Penick & Ford. . PennDix Cmt(2) Penna R R (315) Peoples Gas (8). Peoples Gas :ts. Peoria & [ast. .. Pere Marq (18). Phila Co (k4). PhilaCo6 % pt ( Phila& RC 1. Philip Morris. Philip Morris rts Phillips Pet (3). Phoenix Hoslery Phoenix pf (7) Pierce- Arrow . Plerce Arrow pf. Pierce Petroim. . Pillsbury (1.60). Omnibus....... ‘er pf (6). Pitts &W Va(6). PorRIcoTobA (7) Porto Rico To B. Postum (5) Pressed Stl Car. Pr Stl Car pf (7) Prod & Refiners. | ProducersR pf. Pub Serv NJ (2) Pub Dt (8). Pub SE&G pf(6) PullmanCor (f4) Pullman Co (8). Punta Aleg Pure Ol ( g Purity BakA(3). Purity Bak B (2) PurityBak pf(7) Radlo Corpof A. Radio C pf (3%4) RS Cefs (4). Reading (15) Reading 1st (2). Real Silk Hos Reid Ice Crm(3). ReldIceCr pf(7). i Rem-Rand 11 60. Rem-Rd1st (7). Rep Ir & 3l (4). Reynolds Spngs. Rey Tobac B (5) Rossia [ns (6).. Rossia Ins Co rte Royal D a3.13% . Safety Cable (4) St Jos Lead (13) St L & San F18). St L Southwest. St L Swn pf (5). Schulte (3%5)... Seabd Alr Line. Seab Air L pf Seagrave (el.20 Sears-R (n2%). Shattuck F G (2) Shell Tra (a2.41) Shell Un (1.40).. Shuber The (5). Simmons (2) . Simmons pf ( Simms Pete. .. Sinclair Ofl Sinclair pf (8)... Skelly Oil (2). Sloss-Shef (6) Snider Packg Co. So Por Ric S(f2) South Por pf(8). South CAif Ed.. South Dairfes Sou Dairles B. South Pac (6)... Southern Ry (1) Spicer Mfg..... SG&E (3%). Std G & E pf (4). Std Mill (5)... Std Millg pf (6). StdOJICal(t28). Std OILNJ t1%) Std OIINY(1.60). Std Plate Glass. Sterling Pro(16) Stewart-War (6) 'Studebaker (5). . Studebak pf (7). Submarine Boat. SunOil (1), Superior Oil..... Sweets of Amer. Telautogra (60c) Tenn Copper (1) Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. ... Tex PC&O(60c). Tex Land Trst n Thatchrp?(3.60) The Fair (2.40). Third Avenue. .. Thompson (3.60) Tidewatr As Oil. Tide W Ol pt (5) Timken (15).... Tobac Prod (7). . Tobac Prod A (7) Transcont Ofl. Transue & Wil Underwood (4).. Un Bag &Paper. Union Carb (6).. Union O1] (12%) Union Pae (10). Un Pacific pf(4). UtdCgrsSt(C80c) United Drug (9) Utd Drg 1st (3% Utd Fruit(16%). USCIP&F (10) USCIPDf (7). S Distributing S Hoffman (4) Alcohol (5). Leather w 1. Leather A.. Leatprpf(7) U S Realty (4).. U S Rubber. U S Rub Ist (8). U S Smelt (3%). U S Steel (7)... U S Steel pt (7). Unt Pic 1st pf(8) Univ Pipe(t2%) Utl P&LL A (e2) Vanadium (3)... U u us uUs us us Victor Tlk Mch. . Victor v pf (6). Victor pr pf (7). Vivadou (3). Vivaudou pf (7). Vulcan Detin.... Wabash. ... Waldorf (1%) Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Pic A... Warner-Quin(2) Warren Bros (4) WarF&Plpe Cor. | Web&Hell pf(7). W Penn El A (7) W Penn El pf (7) West P Po pf(7). West Maryland. West Md 2d pf. West Pacific. West Pac pf . West Union (8). Westhse A B(2) Westinghse (4). White Eagle (2) White Mot (4).. White Rock (12) White Sew Mach White SM pf(4). Wickwire cft. .. Willys-Overland Wilson & Co Wilson & Co pf. . Woolworth (5) . Worth Pump (B) Wright Aero (1) Wrigley (13%). vellow Truck. .. Youngstn S&T 5 Low. Close. 18% High. 14% 5% 25% 60 94% 931 107% 66% 107% 6914 544 824 114% 42 24 69 15% 100 25% 121 14% 39 130% 32% 85 324 _8in Hourly Sales on N. Y. Market. 11a.m, 574,800 12 m. 911,600 1pm.. 1,208,500 2p.m... 1,618,500 Dividend rates as given In the above table CAPTAL TRAGTON ATNEW TOPPRE Reaches 111—Gas Light Leaderin Trade Volume. Railway Preferred Strong. BY EDWARD C. STON] Capital Traction scered a ‘‘double top" the Washington Stock Ex- change when the week's trading opened today. The stock opened at 110, which was a new high mark for the year, and later in the session climbed still further to 111. The day’'s turnover was only 20 shares. Washington Gas Light stock was the market leader, opening at 81%. The next sale included 100 shares at 81 flat, the stock afterward selling at 81% nd closing at 81, the session's turnover being 150 share: Potomac Electric 6 per cent prefe d sold at 112. ‘Washington v and Electric preferred w E ng, opening at 99, advancing to 99% and then hit- ting a new high for 7 at 99%. Another stock to reach new high ground was Columbia Sand and Gravel preferred. The stock registered three 10-share sales, the first at 1023, the next at % and the close at 103. Amer n Security and Trust Co. was the only bank stock to appear on the board, 20 shares changing hands at There was one bond sale, a $2,000 transaction in Potomac Electric consolidated &s at 103. Bankers Leave Here Thursday. Washington delegation to the an Bankers' Association's an- nual convention Houston av here next Thursday, October Among those planning to attend arve: Francis G. Add vice president of the Sccurity vings & Commercial Bank; Harry V. Haynes, president of the Farmers & Mechanics' National Jank; Robert N. Harper, president District National; Howard Moran, vice president American Security & Trust Co.; A. M. Nevius, vice president Riggs National; Victor B. Deyber, president Second National; Maurice Otterback, president Anacostia Bank, and F. deputy .ontroller of the 2. . Mountjoy, Washing- presentative of the national asso- ciation, is also a regular attendant at all conventions. The Atlanta and New Orleans bankers have made elaborate plans for entertaining the local delegates during stop-overs in those two cities. New Broker Offices Opened. The new brokerage offices of G. M. P. Murphy & Co. were thrown open to the public today, one being located at 1508 I street and the other at the corner of Connecticut avenue and K street. Both offices were elaborately decorated with flowers sent by in- dividuals and various firms in the financial district. Each office has com- plete market facilities and neither one is considered a branch of the other. G. M. P. Murphy, head of the firm, Edward O. McDonnell, another mem- ber, and Otis Glazebrook, came over from New York to see the offices get under way, being the guests of the manager, Oscar Collican. The bond department under C. C. Morgan, is in the H street office. The stock department in this office is under Robert C. Jones, assisted by John E. Parker and E. A. Poe, jr. A C. Flather is in charge of the uptown office and with him are associated E. R. Finkenstaedt and J. N. Thompson. Securities Salesmen Visit City. H. G. Thyson, resident manager of Harris-Mooney & Co., is today enter- taining the members of the staffs of the Boston, New York and Baltimore offices who are celebrating a recent successful stock selling campaign. The party came cver from Baltimore and had luncheon at the Mayflower at 1 o'clock. Later in the day they were to enjoy a sightseeing trip throughout the Capital. Tomorrow and Wednesday will be given over to business conferences in Baltimore and to further entertain- ment. A dinner attended by Gov. Ritchie and the mayor of Baltimore is on the schedule. The visitors were joined at the luncheon here today by several prominent local financiers. A. T. & T. Dividend Checks Mailed The American Telephone & Tele- graph Co. mailed 421,982 stockholders dividend checks. This is the largest number to whom the corporation has ever paid a dividend and exceeds by 1,691 the number for the preceding quarter. There were no important changes during the quarter in the distribu- tion of stock. Only 4 per cent is held by brokers, balance being owned by investors throughout the country and 5,000 in foreign countries. Average number of shares held per shareholder is 26. More than one- half the stockholders own 10 shares or less and more than three.quarters own 25 shares or less. The number of stockholders owning 5 shares or less exceeds the total number in any other American corporation. Mellon Makes Offer on Bonds. Secretary Mellon, in again calling attention to the fact that Second Liberty loan bonds have been called for redemption on November 15, and will cease to bear interest after that date, announces that for the conven- ience of holders he has authorized the Federal Reserve Banks to pur- chase, at the option of holders, Sec- ond Liberty Loan 4% per cent bonds at 1008-32 and accrued interest to date of such optional purchase. The offer will remain open during the present week only, terminating on October 22. The Second Liberty loan, 4 per cent bonds are not in- cluded. on Heard in Financial District. The Treasury paid out approximate- ly- $146,000,000 Saturday in interest due on warious Government obliga- tions. An important Fall meeting of the District Bankers' Association will take place at 4 y'clock tomorrow afternoon. The Federal Reserve Board reports that at the end of June, 1927, all banks in the United States, including both members of the Federal Reserve system and non-members, had loans and investments aggregating about $53,930,000,000, or about $1,270,000,000 more than at the end of the first quar- ter of the year. “Our net earnings this year will at least equal those of last year, and may be slightly better,” said Ernest Wil- liams, chairman of the board of the Norfolk Southern Railroad. “North Carolina will have the greatest tobacco crop in its history this year. It is estimated at around 400,000,000 pounds. While Virginia's cotton crop will not be as good as it was in 1926, which was an extraordinary year, it should be around normal.” o TREASURY CERTIFICATES. (Revorted by J & W. Seligman & Co.) ate—Maturity. T T Dec. 15,1927 ](:l} 6-32 r. 15 100 r. 15 99 31-32 1002 100 1 include TOBACCO RECEIPTS DROP. September Conditions Reported Ideal for Maryland Crop. BALTIMORE, October 17 (Special) —Receipts of Maryland leaf tobacco last week again showed a decline, totaling only 339 hogsheads, while sales of 1,320 hogsheads were reported. leaving a stock in State tobacco ware- houses of 17,156 hogsheads. September weather conditions in Maryland were reported ideal and fairly favorable for late crops. The best prospects are in the flue-cured district, where the crop promises an excellent quality of cigarette tobacco. Demand continues good for all tobacco showing quality at the following quotations per 100 pounds: Inferior, 5.00a8.00; frosted, 3.00a4.00; sound common and greenish, 9.00a16.00; good common, 17.00a30.00: medium, 31.00a40.00; good to fine red. 41.00a55.00; fancy, 56.00; seconds, com- mon to medium, 5.00a24.00; seconds, good to fine, 25.00a45.00; upper coun- try, air cured, 3.00a25.00; ground leaves, nominal. WHEAT HAS SETBACK; CORN PRICE RALLIES Better Weather in Canada Cause of Small Grain’s Decline After Strong Start. By the Associated Press. CHICAGO, October prices averaged largely to 4, 17.—Wheat lower today owing 229,000 bushels increase of the United States visible supply, as well as better weather in Canag Export demand was only fair, total sales of North American wheat to Fu- rope today being estimated at 500,000 h rallied on buying wheat sales and as a result s that 35 cents decline of late in corn has discounted all bearish conditions. Selling pressure on wheat from houses with connections in the North- west pecame much in evidence at times today., emphasizing news that Canadian thrashing conditions were improved. Advices received here said thrashing had been resumed in all provinces. On the other hand, world exports for the week were announced as only 14,567,000 bushels compared with 16,953,000 bushels the week pre- vious, Disregard of frost developments continued to be shown today by corn traders. Much more notice was taken of ‘reports of increased yield. Some reports sald that as much as 10 bushels more an acre was now prob- able in contrast with what had been expected. Low 32 SLBET RR 14 0074 40 4R UL o7 1.00% 1.01% 971 1003 1.01% 8 LONDON TRADE EXCITED. LONDON, October 17 (#).—Excited dealings took place in the foreign sec- tion of the stock exchange when business opened today in the new Brazilian 3% per cent loan. which was issued Thursday at 913 and was heavily oversubscribed. = The price started this morning at a 11 premium, dropped to %, but soon re- covered to 1% premium after large dealings. NEW YORK MARKETS. NEW YORK, October 17 (#).—Flour steady; spring patents, 7.00a7.25; soft Winter straights, 6.00a6.25; hard Win- ter straights, 6.75a7.25. R stead; No. 2 Western, 1.07% f.0.b, New Yori and 1.06 c.if. export. Barley steady: malting, 89% c.i.f. New York. Pork quiet; mess, 33.00; family, 37.00a41.00. Lard steady; Middle West, 13.10a13.20. Tallow firm: special loose, 8%: extra, 8%. Wheat futures opened steady; do- mestic, December, 1.32% asked. AMERICAN CHICLE PROFITS. NEW YORK, October 17 (#).— American Chicle Co. earned $5.43 a share in the first nine months this vear, against $4.12 in the correspond- ing 1926 period. Offices for Rnt Saul Building 925 15th St. N.W. Several desirable rooms at very r?a:;nable rents. Inspection in- vited. B. F. SAUL Co. ain 2100 925 15th .St. N.W. Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Mortgage Money Loaned at Low Interest Rates Eeonamie_ Conditions Tyler & Rutherford Loan Correspondent Mutua) Benmefit Lite 1520 K Street Main 475 We Will Finance « Your First Trust Loans To Run 5 Years No Curtail 5%% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 1433 K Loans Money to loan on Im- proved Real Estate in the National Capital. Appli- cations confidential. Promgt Service Interest Rates Jd . Unit’ of trading i + Pardy oxtra 1 Blus 3% 'h a ble In common stock aPaid this vear—no regul el 21 % quarterly able "when earned, e stock fPlus 10% 1n s share in stock b ck [ Plus 6% in stock stock. k Pavable 1/40 of a "P.crlx'l;' st o brus 53 1 on FPlus one-halt of common m& 100 shares s Pay. 51 & 6 Mortgage Department PINANCIAL. G. N. PLANS EXTENSION. NEW YORK, October 17 (#).—Sub | PARIS, October 17 (®). -Ptichd wete ject to approval of the Interstats Com G & merce Commission and the Mon‘imn\"rm ol (heTERuY Sy 2 EITIa Y Commission. the Great Northern will | Cent rentes, 55 francs 60 centimiesy build an 80-mile extension next Sum.|cxchange on London, 124 francs 10 mer to open an important Spring | centimes: 5 per cent loan, 76 francs. wheat section in the Turner region dollar wa: uotes 1 Montana, costing $2,000,000. FE ;r)x“!: r‘!:r]xllll'mrfi e “. i PRICES ON PARIS BOURSE. The New York Life Insurance Company Offers to Make First Morigage Loans On Improved Real Estate in the District ot Colun.bin and Nearhy Suburbs in Montgomery County, Md.. for 3.5 or 10 year terms on your 5%% Apply ANID I INE B Y R ALL He HIAGNER & CoOMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Apartment Office Building Home Business Property | The Sun Life Insurance Company of America Will Finance MORTGAGES ON RESIDENTIAL PROPERTY (In D. C. and Immediate Suburbs in Montgomery County) Without Commission or Bonus At 5% Interest _ Under our plan Life Insurance for the is required to be taken with tie Company at the time granted. The net cost of such Insurance is extremely event of death the insurance pays the morteage . Leave Your Family a Home—Not a Morigage YOUNG & SIMON Authorities on Insurance LEOPOLD V. FREUDBERG. Srd Floor. Woodward Genéral Agzents for SUN LIFE INSURANCE COMPANY OF AMERICA Incorporated 1850 tull the lo loan low mount_of SPECIAL DEPT. 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Not only have you the Federal Security and Mortgage Company’s unconditional guaran- tee as to payment of principal and interest, but the additional guarantee of the Equitable Surety Company of New York under the supervision of the New York State Insurance Department. De- ferred payments conveniently arranged. In de- nominations of $500 and $1,000 Insured Mort- gage Bonds yield INTEREST 6]/2% NET DISTRICT NATIONAL BANK Trustees Under This Bond Issue ¥ These bonds are being bought by experienced in- vestors whose keen business judgment in selecting them establishes a dependable precedent for the investors of more moderate means. Federal Security & Mortgage Co. Capital and Surplus Over $750,000,000 1412 K Street N.W. TEAR OUT—MAIL NOW Federal Security & Mort, N HIE K 86 NW., oo O Washington, D. C. Please send me further information regarding the Series GA Insured Mortgage Bonds. HANNON 1435 K Street Main 2345 ADDRESS