Evening Star Newspaper, October 19, 1927, Page 12

INVESTMENTS BY GEORGE T. HUGHES. ~ HITBY WEATHER Rain Hampers Work of Near- by Farmers in Gathering Their Produce. Federal Reserve Bank Rates. II. The general banking policy under the Federal Reserve system is_deter mined by the ¥Federal Reserve Board. This policy, however, is based on the composite opinion of the members nf the 1% regional banks, who are ex pected to be in close touch with their local conditions and to interpret these to the central body. The cond the industrial may be difterent from al West or Si 1 nce with those on t nd as the whole purpose { | o4 wet weather has hamper- ) nearby farmers and | it practically im-| potatoes and other 1 R of e 1 by s = ot I-w"_‘ has ot | banking reserves of the hawever, liberal | employ them speedily s from other | Where most needed, it : also that there should han ample 10|, ;ose and general agreement s { the pol benefits a a he largest Pacific t of the Fed- the and when i necessary erve act was to mobilifie countr s 1o of potatoes trom the great Minnesota are product of 4 and sold number of g king function nks are of England and German due to the much Wwh different 0-ponnd morning at afier the rop hrought ¥ H Kk rance | | However | in sup- orn | 101y they oy Narth Carolina 1 at §2.15 and $2 ted: at i slig local they rounding them must have r eiasticity in their rate-making than their European mode] discount rate of the Bank of or that of the Bank of France affects A comparatively few institutions whereas that of the Federal Ranks regulate the actions of sands. There is no p: why the rate in San ¥ or Minneapolis should be the in New York may tive demand for money in one sections and a moderate demand in the others. Furthermore, the le of interest varies greatly in different of tomatoes re at 60 cents nd receipts 1, prices | s a erate of the »ndition to $1 for eserve thot tic reason Dailas anciseo, srning was not as there ding, according | and husiness was | yained unchanged. of these States effort woday's Wholesale Prices. Fres d prints, scope count rate 4 points of view then will ar discussion what s country as a whole. It was on this | that the Chicago Reserve Rank ernors split with some of their ciates Federal Reserve Toosters, 19 of best for the young, 775 40a45: Spring 212%3; ducks. heavy, 38ad0 eats, 80890, eef, 15220 23228 fresh ham, | rkeys, rosters DIVIDEND NOT PLANNED, shoulders, NEW YORK, Octoher 19 (f).- smoked Howard Coffin, president of the Na- 6; lard, 15a |tional Air Transport Co.. today denied | recent Detroit advices that a quarter ly dividend of 2 per cent had been |declared on the company's “No dividend has been paid and none is in prospect,” he said i EARNINGS ARE LARGER. NEW YORK, October 19 (#).—Chi vania, unclassified Grimes, 213 inches | cago Pneumatic Tool earned $7.20 a up, russeted, 5.30; boxes, Washing-| share in the nine months of 1927, ton, medium to large size, extra fancy | against $6.82 in the corresponding | Delicious, 4.00, few higher; fancy De- | 1926 period. Jicious, 3.65a extra fancy Jnr;a { - P ans, 3.15a3.25; bushel baskets, Dela- ::‘&ru, Delaware grade No. 1, 215| COMMERCIAL SOLVENTS. 15; lambs, 13, Fhait and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market | News Service Bureau of Agricultural | Economics, says: Apples—Supplies moderate; demand good, market steady: barrels, Pennsyl | Prices Move Within Short | president, | Coffee & Sugar inches up. russeted, 2.00; New Jersey, | NEW YORK, October 19 (#).— RANGE IS NARROW IN COTTON MARKET Space—Weather Prin- cipal Factor. [ S | NEW YORK 19.—The | 1 market opened steady today at October of 6 points to an advance of 1 1 most months heing lower | rther liquidation and South- | ern sellir | Better demand around 2050 for| Dece was supposed to inclnde yme huving nd the market | itial selling had December working up | the end of the first| allied to 2 sing reports were re- | traders as indicating | were too low for late cofton, but fo cause serious conflicting views as to the show report. of the under mher quotation. rided Iy It temperatures development of wardly low enough damage. Rather (g0 were expressed ing of the weekl Weather Rureau, Private ecables trade call together with on reports of reported and local buying, ng in Liverpool 1 the Sou PLANS EXPANSIOfi. YORK, er NEW Ohio Pow (). Ameri Octaber diary tric is understood rdditions 1o its gener a Ohio, involv- o of §17.000.000. Tnstal 65,000-kilowatt honr gen iriple capacity of the to be planned 19 of lation of a that w plant, is said REPORTED BUYING RUBBER. NEW YORK 19 (#), Wall Street hears that members of the du Pont, family recently have hought avily on United States Rubber com- stock, estimated holdings being | t approximately 200,000 shaves ave 800,000 shares of common stock outstanding PATHE EXCHANGE. NEW YORK, October 19 (). | Pathe Exchange. Inc., has made atisfactory head in effecting re- organization afte: he recent expan- sion_of its activities. J. J. Murdock, reports, and the manage- | ment is gratified with the quality of | the new pictures being produced. October LOWRY NOMINATED. JW YORK, October 19 (#). Franck €. Lowry, widely known in | the sugar indusiry, has been nomi nated for president of the New York Exchange, to suc ceed Leopold Bache, who died recent- | year | short of being a third of the tota | Corporation have dropped nearly | Commonwealth UNITED RAILWAYS GROSS BUYS FIBER FIRM. RECEIPTS DECREASE International Paper Acquires Mill e TN ah G Holdings at Midland, Ontario. BALTIMO] October 19.—A de- crease of a little more than 2 per| NEW YORK, October 19 W).—'rhe] cent in gross receipts of the United| rnternational Paper Co. has purchased Railways, which controls the trolley|ihe Fiber Board Mill (0. of Midland. system of Baltimore, so far this year,| ontario, A. R. Graustein, president of as compared with the same period of | Intarnational last vear, is shown in the company's| A G veport filed with the Public Service (ha In Commission. intended. to purcha Revenues thus nett interest in the been $12,518.256. For the correspond- | fjyil, Quebec ing period of last they | Work has been started $12,881.447, showing ‘a decrease mill at Midland, .which w of $273,191 pacity tons of fihe The Public Service Commission soon ! Ay Gray s to begin its hearing on the United's | formerly petition for a 10-cent fare IRV —_— —- old CHECK PAYMENTS GAIN. | 2 = BALTIMO! October NEW YORK MARKETS. —So far in October check payments AW YOR otober by Raltimore banks are running ahead |, \"" YOI Octoher 10 (8). 1 of the comparative period last year. | {ier SULIDE Paterts, S In the week ended October 12 ‘they | T §.7507.15 LR b amounted fo $102,099,999, against |, 1.08 T.0.b. # $87,808,000 in 1926, a gain of $i4 }nu-' r Farl B 291000, In the previous the 1 cd.f. export. Rarley easy were $115.733,000, against $106,399,000, | i"% clf, New Yor 1. an increase of £.000. Check trans- | Middle West, 13.15a13 fons at Baltimore do fall far |ures opened steady; r this year have this vear and the new 1 19 (Special). | Rye easy New York AT malt L 0 vd easy Wheat fu not ! I domest em the and mond, all 23 centers included Federal than seat in Reserve trebla 1hose of the Reser distric of R e Bank. ¢ § OPERATIONS SLOWER. ? YORK, October 19 (#). rations of the United Siates Steel per cent in the last week, ingot production now heing around 653 per cent. This rate is only 1'; per cent ahove the low record of 64 per cent a month ago. Independent companies show a decrease of more than 1 per cent, he- | ing at a fraction under 62 per cent The season's low point was 60 cent. The average for the entire in dustry is put at about 4 per cen drop of 2 per cent from the week fore, and compares with a low per cent a month ago, A laxative today saves a sick child tomorrow. Children simply will not | take the tima from play to empty their bowels, which become clogged up with waste, oets sluggish, stomach sour. Look at the tongue, mother! If coated, or your child is listless, cross. feverish, breath bad, restless, doesn’t sat heartily, full of cold or has sore throat or any other children's ailment, iva a_teaspoonful of “California Fig Syrup.” then don't worry, bacause it is perfectly harmless, and in a few hours all this constipation poison, sour bile and fermenting waste will | gently move out of the bowals, and you have a well, playful child again. A thorough “inside cleansing” is oftimes all that is necessary. It should be the first treatment given in any sickness. per | liver PRICES ON PARIS BOURSE. PARIS, October 19 (). —I'rices moved irregularly on the Bours day. Three per cent rentes, 30 centimes; exchange on London, 124 francs 815 centimes: five per cent loan, 76 francs 10 centimes. The dal lar was quoted at 253 francs 4713 centimes. POWER EARNINGS. NEW YORK, October 19 (#).— Power Corporation and subsidiaries earned $4.62 a share on the common stock in the vear ended September 30, against $3.40 a | shave the vear hefore. Net income was $8.365.278, against $6.814.0 Beware of counterfsit fig syrups. Ask your d ruggist for a_ bottle of “Califarnia Fig Syrup.” which has full | BIG WAGE INCREASES. NEW' YORK, Telegraph Co., of about workers in t equal to abov company’s stock last BURNS BROS." DIVIDENDS. R Coa W YORK s of Burns F ON'’T Hesitate to Ask for an Estimate We will gladly give it* fo ¥ nd it not obligate you any way. Our figures will be based on work—and written into the specifications. A Phone Call Will Bring Us, R. K. Ferguson, Inc. best safisf: the your October October 19 (#).—| byt authorized the disbursement of $2 ‘Wage increases by the Western Union | on the Class “A” common. An extra | effective January 1,| will aggregate about §1.500,600, a total | ,500,000 granted two vears, 4.50 a share on the sting Denartment 212 B St. N.W MOTHER! A Child Doesn’t Laugh and Play if Constipated directions for babies, children of all ages and for grown-ups plainly print- | ed on the bottle. Look carefully and | see that it is made by the “California | Syrup Company.” share on the Class “B" common stock, |ously had been paid mon. on the preferred was declared. to omitted the dividend of 50 cents aldividend of 50 cents qd:cmy previ. on “A" eom. The regular quarterly of $1.75 & its | - 500 o). 1 now installed in ing designs--modern and efficient. can afford one of these moderately priced Oil Heaters. PHONE MAIN 183 with 298 SUPER O1L HEATORS for an estimate and let us tell you % Washington and Vicinity They are years in advance in eéngineer- YOoU the name of your neighbor who has a SUPER 0Oil Heator. WALLACE ENGINEERING CO, 923 12th Street N. W, AUTOMATIC OIL HEATOR FOR HOME HEATING HARTFORD, CONNECTICUT Taaee, 923 Twelfth Street NW. Washington, D. C.—Phone Main 183 WALLACE ENGINEERING COMPANY unclassified Delicious, 213 inches up, fair quality, 2.00a2.25; West Virginia, 21 inches up, Spyvs, windfalls, fair | profits of Commercial Solvents Cor-|ly. The election will he held on Octo- | poration for nine months this year ber | was $1,161,503, equal to $7.58 a share, condition, 1.25a1.50. |against $1,164,643 or $10 a share on Cabbage—Supplies moderate; de- |a smaller amount of stock outstand- mand good, market steady; New York, | ing in the same period of 1926, gacked, per hundredweight, domestic | round type, 1.25; Danish-type, 1.35a 1.50. Celery—Supplies moderate; demand © light, market about steady; New York, 83 crates, 2.00a2.25, mostly 2.00: +* ordinary quality and condition, 1.50 ‘L5, Special Prices on COAL GRATES FIRE SETS ANDIRONS “Dress up your Fireplace” & MUDDIMAN 5 709 13th St. N.W. Main 140—6436 Rrpl i 3.50: few fancy, 4.50 bushel baskets, rtletts, best, mostly 3.00; ordinary to fair quality and condition, 2.0022.50 Washington ‘and Oregon, boxes Bart. letts, extra fancy, 3.75a4.00; Bosc, ex- tra fancy mostly, 4.00. Sweet potatoes—Supplies light; de- mand light, market dull; Maryland, East Shore, cloth top barrel vellows, | No. 1, 2.15a2.25; North Carolina, cloth top barrel yellows, No. 1, 2.00. Tomatoes—Supplies light; demand light, market slightly stronger: home- Supplies of Fastern stock demand light, partly ac- count weather; market steady: Mich- igan, 12-quart climax basket Concords, 50460: best, mostly 60a6215; New York, 12.quart climax basket Concords, best mostly 70, ordinary quality and condi- tion low as 50: 2-quart climax basket Concords, 16a18, grown, one-half bushel hampers, vari- | Lettuce—Supplies of Eastern stock | ous varieties, 75a1.25, mostly around light; demand moderate, market steady; | 1.00. New Jersey, 2-dozen crates big Bostol Caulifiower—Supplies type, few sales, 1.25; New York, 2-d0oz- | mand slow, market firm; en crates, Boston type, | Long Island, crates, 1.50a1 ordinary _ quali and condition, | §026235; Western supplies moderate, market about steady: California, crates Jceberg type, 4-5-dozen, 3.0023.50, most- Iy 3. some poor condition low as liberal: de. New York, Onion Market Firm. ions—Supplies light; demand light market firm; Michigan and Ohio, 100- | pound sacks, vellows, U. S. No. 1, large 75 New York, 100-pound o No. 1, large‘ Thousands of peopls who bes z::du(w Colgate’s in child~ now have marvelous testh, 4 T'ypes and Styles for Supplies liberal; demand | moderate, market steady: Michigan, | 150-pound sacks, Russet Rurals, | » No. 1, mostly 0: Maine, 150-po | sacks, cobblers, 1. §. No. 1, 4.00a4.50; | Minnesota sacks, round | 8.5 1. 3.402350: 120- | pound sacks, round whites, U. 8. No. | 1, 2.85a2.00, | . Pears—Supplies light; demand light, | :‘ market steady New basket, geckel No. 1. * eondition Every Taste and Need No member of the family escapes the wide appeal of the La Salle. You have undoubtedly admired individual models as they flashed by. But step into the showroom and study the whole line. Note the varied body types, ranging from the same attractive smile York, bushel nd | Glowing with |‘ Healthy Lustrous Teeth two-passenger roadsters and coupes to spacious seven- passenger sedans—spirited models for individual use and distinguished sedans for the larger needs of the entire family. Yet each truly a La Salle, Cadillac designed and built and powered with the famous 90-degree, V-type, 8-cyl- inder engine and each a product of General Motors, which means that the value per dollarinvested is beyond compare. Priced from $2495 to $2895, f. 0. b. Detroit You may possess a LaSalle on the liberal term-payment plan of the General Motors Acceptance Corporation— the appraisal value of your used car acceptable as cash h———-———-———————————__“ The Washington-Cadillac Company RUDOLPH JOSE, President In yeurs to come, what kind of teeth will vour smile dis- close? Gleaming teeth, sound teeth,unspoiled, attractive teeth? = 2 In years to come will you have your tecth? St B it ot cleansing deniiric will make thom 1k year lomger, serve the flash and charm of your smile, to keep it bright and whole- some as long as you live, take this one simple precaution: Protect the health and sound- ness of your teeth by proven meth- ods only. 1110 G EST. 1879 are exceptionally sound and beau- tiful. In such a vital matter as the care of your teeth, could there be any §aler guide than the actual experiences of people like yourself? On the one hand you have Col- gate's, the chief and only feature of which is thorough cleansing. On the other you have the fact that countless people who have used Colgate’s for years now have ex- ceptionally fine teeth, So, for lovely teeth —for teeth that make your smile the social and business asset that it should be— Choose your d. basis of results, the lead of those who have already kept their teeth sound for years. Simply adopt for your own use the den- tifrice most popular among people with well-preserved teeth, In this country, and in foreign countries the world over, you will find thousands and thousands of A happsv >l’)abyr is a healthy one Don’t let baby fret and suffer | from an rash, eczema or chafing w! 12, healing Resinol Ointment will make him so comfort~ able, and probably heal the disorder completely. Your druggist can tell ou_about the unusual properties of esinol, It been prescribed by doctors for more than 30 years, Trial free—Write Resinol, Dept.i4,” Baltimore, Md,, and ask for a sample of ~ Resinol men aud women who began using Colgate’s ten, fifteen, even twenty years ago and whose teeth today Colgate olga | o : L oNew : & Please send me a sample of this cloanaing dentifrice. ask your druggist today for Col- gate's. Or, if you prefer, try the fres sample offered in the coupon. &C Yor Degt. U, 505 Fitth Ave., FREE 1138-1140 Connecticut Avenue Franklin 3900, 3901, 3902