Evening Star Newspaper, October 24, 1927, Page 11

FINANCIAL. ; am“ufl’uuanp; [ BONDS | | | \ | STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. UNITED STATES. Sales. High, Low. Close. AL 7 82% 82w 82M Saies. High Low_ Close. 22 97 96% 96 Lib3%s.... 67 10116 10115 10115 | B&Ocv4les 30 100 99% 99% Lib 1st 4 21039 1039 1039 |BROref5s.....00 66 1047 104% 10434 Lt 4%s. 12 1001 1001 1001 B&O6852000 D.... 15 105% 105 106% Lib3d4%s. 20 10027 10025 10025 [B&O 1st680t..es: 1 110 110 110 Libath 4%s 66 10330 10327 108 28 g 28 1027 102% 102% 5110118 10115 10115 'B&OTrfimp6s.... 6 112w 1124 11214 1062 1062 1062 EVWY 48.. 14 964 9615 96% 105% 105% 105% &8 5 At & Dan 1st 48 48 B &0 Gold 48, ~ WARKET FEATURE - Sugars Are Heawy and Inde- pendent Steel Obligations Are Unsteady. FOREIGN. Sales. High. T 491 Bklvn Manhat 6s Juft R & Pitt 41 BY CHARLES F. SPEAR Bpecial Dispaten NEW YORK 88" thore was market it had 1 in German g and continued pi ous other meml " Municipal and cc These bonds h recently, o at the lowe that they of the s 8 to 4 points man indus bly those steel, off 1o Ahe Star i rnmer & O gn 115 1013 617k 102 108% 73 hi Reaction in German Stocks Some of reaction ever, the dividend-making pay Teparations plan 1 after has disturhed wecurities and hr amount of lic tion of othe fected by gencies. The effe #tocks and Bome of th visible in sugar-prod were the low was also bonds of companies tries in whic not satis however, cent decline over was in Money Rate Helps. in o 96% 1025 11214 & 5 100% 96% 1014 1 105 105 a6 108 IC&S1st 4 4 11014 | Colo & Sou 415 97 |Cuba RR 5 106% | Dol & Hud 1st rt 4a 100% § Dol & Hud R 1oy | Dol & Hud 75 30" ‘”‘V’ Den & Rio G on 4s.. O1% ! Den& RioG 414 36. 1| D& Rio G im *! D RIo G West 5s. Det United 4358 Erie 1st cons 4s ie gen 4s. . ieconv s B..... le cvt 53 67 Irie conv ext 7. ie Genessee 1t 5 & Jersey 6s FlaECHsT4. Gr Trunk stdb 6 Gt Nor 435 76 D.. Great North Great North 5 Nor gen 7 Hud & Man ref Hud & Ma Til Cent ref 4 111 Cent 4s & 111 Cent 4% 5 66. Int Rapid Tran 5s. Int Rap Tr 58 stpd. Int Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor ad 6: Int RysC A 58 72. Int Rep C Am 6s 41 {Int Ry C A 618 ret Towa Cent rf 4s Towa Cent 1st is. Kansas City S 3s. . Kansas City S 5s. ., Kan City Term 4s. Lake Shore 45 28, , Lake Shore 45 31.. LehighVal con 4348 1 Nash unf 4s L&N4 Louis & 114 106% 1057 4 100% 105 100 100 101 3 enew The h money was helnfu another today. at 99 and the Fe at par went high-gra thouzh week's proximately United States Gov heavy side fr issues th ed little and rai Ttalian municipals and up %, with ssues off #ome reaction in Scandinavian bonds. There was pra ly no chan the secondary r prices ing steady, b D inac TOBACCO SALES GAIN. Maryland Leaf Receipts Heavier in Past Week. BALTIMORE. Oct —Receipts of Maryland last week showed a over the previous wee hogsheads, while sale lar; leaving-a sto most closi 103% 103 3 100 100 100% 1604 102% 102% 103% 96 rom the we s in German | Norway 6s 19 nent exhibit- | Norway 6s 1 Orjent Dev deb | Parf | Paris-1 Paris Orleans 7s. Peru 73%s. ‘“;I'HUXS . main- | Poland 6s 40. | Poland &s, Porto Alegr | Prague Ties Queensland 6s. | Queensiand 7s. | Rio Gr Do Sul 8s. . | Rio de Jan 8= 1946. mally bian bon 3 and 102 102% 101 101 104 104 108 106% 10 115% 11 104% 104% 105% 10 105% 104% 92% 92 106 106 & 106 Also ober 24 (Spec af tobacco “hise on (PW) 7 Seine 7s 42 | Serbs Crot § | Sweden Sweden 6s were 84 hosshen % tobacco ware: houses of 17,284 heads. Very f better grades now are being received and consequently prices are slightly higher on some Jow grades. tation today for Mar, 103% 103% 100% 100 1045 104% 104 104% 1083% 1032 Confed 8s. 118% 113 | Toho Elec Pow 7s.. 6 981 984 land leaf | U {ingm 514829 22 118 118 tobacoes P 100 pounds: Inferior, | Utd Kingm 618 37. 7 1064 106 5002800 : 00; sound | Uruguay 8s..... 1 108% 10 cor m 9.00216.00; | Yokohama §swi.. 5 9% el i MISCELLANEOUS. e el 5 Tog to fine, 1 s 108%% o 104 99% 1045 105% 1084 100 hy 1081 e 107% 4 MilEl Ry & L MStP& MStP&SSM 63 MK&T Ist4s MK&T4sB, MK &Tad . MK&TprinssA. b MK&TEsC...... 3 Mo Pacific zen ¢s..144 MoPac 58 F 77.... 53 Nassau El4s51.... 13 New Or Term 4s NOTex&Mis A NOT & M5k VY Cen gen 1082 | N Y Cent 4s 98. 107% | N Y Cent deb 4s N Y Centri5s. iN Y Cent deb 6 IN Y Cent LS cl NYCh1&StL 5 NYChI&StL 515 5B, New Haven 4s 65.. NY NH&H 4 NY NH&H db 45 57 104% { NY NH&H cv db 6s 217 | NY N Hav&H clt 6¢ 104% | N Y Ont W 1st 4 103% | NY O&W gen 45 1041 | N Y State Ry 434s. 95 |NYW &Bos 433, 833 | Nor & S gen 55 54, { Nor Pac 3s 2047. | Northern Pac 45 | Northern Pac 55 D. { Northern Pacri 6s Ore Short L rfs 4s. Ore Short L cn 5s. Ore Wash 1st 4s 5 103% | Pennsy! gen 118% | Pennsyl gen 4% 108 | Pennsyl s 64. 95% | Pennsyl 61 Pennsyl gold 7: PCC&StLsA. PCC&StL 58 B T Port RL & P 6s 42 Port RL P 6s 47 Reading gen 4143, Rio G West cl 4s, 100% | Rio G W 1st 4s.... 1077% | R T Ark & L 4%s. 104% | St L IM&S 45 29... 96% | St L IM&S R&G 4s 102% {StL & SF pl4sA. tL &S F prinbs. tL&SF6%sD tL &S Fadj6s.. tL&SF inc6. StL&SF pl6sC StLS W con 4s 32 StLS W 1st 4s. San A& Arn P 4 1033 | Seaboard AL 4s 1047s | Seab A Lref 4s. 116% | Seab A L adj 5 101 108% 110% 1013 101 101% st nd n 50022400 00; upper countr: N0 ground enish 10230.00: ceconds, s seconds, 101 102 1084 104% 993 104% 105% 108%% 100 | 10414 Am Repub deb 6s.. 45 |AmSmit&R1stss 5 | Am Smit& R6s... { Am Sugar ref 6s... |AmT&Teltrds., |AmT & Tel trbs.. | Am T & T sf 5s |AmT& Tdebs | Am Water Wks | Anaconda 1st 6s. | Anaconda ev db | Andes Cop 7s ret Armour&Co 43 Armour Del & Associated Of1 6 Barnsdall 6s 1940. . | Bell Te1 Pa 5 | Bell Tel Pa 5s C Beth Steel pm Beth Stee] Beth Steel 6. . Bklyn Unfon 51 | Brier H St 1st Bush T BId entral Leather 6s. | Chile Copper 5s. | Con Coal Md 1st 5. | Con Gas N Y 5% | Cuba Canecv 7s. Cuba Cane cv 8s... .| Cuban Am Sug $s.. | Denver Gas 5s. Det Edison ref 6s. . | Dodge 65 { East Cuba Sug 7% : | Fisk Rubber 8s. . | Goodrich 6 | Goodyear Washington Stock Exchange 100,10 4 109% 107 83% 1067« 1067 841 Rily 7814 11215 104% R0 9% 54% 2874 96 704 9613 AFTER C Rwy & Co.—18, £1.000 at 10 10° 101 101 104 217 104% 1031 5 1041 108 At 108, 000 at unital Tractio 10 at 108 Bid and Asked Prices. PUBLIC UTILITY 106% 9le 91K 95% 107% 100% 108 817% 103 1184 107% 95 103 9% % % 1001 108 Telea, 4s & 3 3 & “Telga 107% 1001 . Alex. H e Ofl 5= .| Humble O & RS 102 101% Wash Wash 102 | i i | 105% : 9814 103% 100 5852 e Steel 5s... ana Pow 5. Third Ave adj . Jnjon Pac 1st 4s. . | Un Pac 435 Union Pac Virginia R; VaRy& P35 Wabas sT6 B Wabash 5 West Mar: 109 100% 1027% 107 8614 102%% 91n 9% 36% 101 1061, 26 56 102% 911 91% 85% 91u 91 z Fast Orlent 78 864 edo Edn 1st ed Drug 6s. Wis Cen gn 4s 49.. 1021 | ROADS BURNING COAL THEY HAVE Anthracite Again Is Being Used by Carriers of That Fuel. | BY | Spocial Dispateh to NEW YORK \etaphorical was depicted costume mirch anthricite 1s ma appeara The chief riers have decid once As a m | the Delaw ern, b . RO Th Oc Star toher That ars | 24 with w apon a road of L figurative re inthracite car they must | own ¢ my, wnna re group of not_only West- antt substi as fuel spotless adver there irplus of th sted rend in boilers. n and marine Some Sizes Go Bel Sizes which the tors used to be able to to [2 householders now g 1 into the flercest of com- m the soft steam coal pro- non-union mines The failura of t ds to use hard coal yutory cause for the pili | this surplus, and also created | ment which smen had In overcomin anthrac v ging. hracite op R the the Centy Delaware and about to try to They again will such nna the Hudson, now a undo this mistake. use hard coal in the omotives, and this is ex 0 n important step toward aiding or anthraclte operations he roads no lon have the In- centive to use this fuel they once had, | since they no longer owners of the mines. ederal Government | enfor 1 of the holdings | of the raflroads in mines and collieries, | | but the ronds still acquire freight| | revenue fror e handling of profits f this source n falling off as a result of la aand for anthrac in Nc lastern markets ot the sentiment in a racite mar is expected to immediate and valual his is in- | | dicated by the vells of joy which went | up from the oil men recently when was announced that one of the main | bituminous coal producers of western | Pennsylvania had hought an oil-burn- | ing towboat to h < conl | down the Monongahela River. Some Making Fine Profits, The anthracite companies are in | much the same situation as the auto- mobile concerns. making fine profits and w : at a fine rate of output. Others finding restrict- ed markets and extremely narrow margins of profit. T seems to lie almost equipment and methods, The pros- perous companies have their tippl and breakers and mines full of new up-to-date equipment. Me b are taking the place of wood matfc loaders are replacing the swea ing shovelers. Electrical are replacing hand power. favorably situated comp cases have failed to | of their previous prof w machinery. ng with the new equipment, the hracite companies have had to | a new type salesmanship | which took into” consideration compe tition from oil, now at a low price and from soft coal produ it lower | labor costs than tho ined in | the anthracite companies. edu- | cational efforts of the anthracite men in teaching the public the v various fuels and to use vari res of coal with best results are having a | most encouraging effect The competition, espec the railroads, is going to be height- ened by the latest move of the hard coal roads in returning to hard coz fuel. This same policy was a bitter bone of contention in the past. | GERMAN COAL OPERATORS MUST PAY WAGE BOOST | By Radio Daily | W ul and | up in t machines The un- nies in most back some form | The Star and_Chicazo News, Copyright, 1927, | SRLIN, October 24.—Workers in | { all middle German coal distriet r | | resumed work today, after the mini try of labor announced that the de- | cisien of the arbitration board. grant. {ing the miners an increase was com- pulsory The employers protested unable to prevent the men fr back to work. The decision of the arbitration board gives the men an iner of 1132 per cent. The work ers had demanded only an increa of 9 per cent. Parliament will dis- cuss the case, 1se no party will | agree to the stand of the ministry of | | 1abor. | hut were m gotr [ POTATO MARKET STEADY. CHICAGO, 24 (P).—Pot toes—Receipts, ; on track, 565 total U. Sunday, 49 steady: Wisc whites, 1.4 Minnesota, round white River Oh rurals, 1 1.85; few COAL PRICES EASY. NEW YORK, October 24 (#) Octobe round nsin sacked 6 higher; few shade Dakot h 1.4021.50; k 1.35a1.45; Tdaho s 0n1.68; sacked russets, 1 00. | —The ce trend in bituminous coal for eral weeks st continues, es. pecially in the territory east of the Mississippi, Coal Age News re The prevalence of mild tempe; has had a deterrent effect on den for domestic grades. Large consumers | | of steam coal, with reserves well in excess of requirements, are disposed | to await developments, meanti ing up occasional lots of distress to: EARNINGS SMALL}{R. VEW YORK () —Twin | A ansit had net earning $838,058 for the nine months th ifter taxes and fixed charges $879 n the same period | Gro enues were slightl against $10.370,890. October 2 10274 | Money to loan on Im- proved Real Estate in the National Capital. Appli- cations confidential. | tw lly among ||| o 45 997. Avx.i\r.'. . Mortgage Money Loaned at Low Interest Rates Economle Conditions Tyler & Rutherford Loan Corres it Matual Benefit 1520 K Street ~Main 475 Money to SUPERIOR STEEL LOSES. NEW YORK, October 24 (#).==Bupe. rvior Bteel Corporation had net loss of $116,623 for the nine months this year, against net income of $276,365 in the same period of 1026. Third quarter net loss was $32,608. —————; RUBBER ADVANCES, NEW YORK, October 24 (Special). —Crude ruzb-r. um?,kad ribbed sheets, n advanced 14 at today's noon quota: i tion of 34%. This compares with | "l deed of tryst oo, raa), eeta #mmiron. 33% a month ago and 42% a vear ago. | Joseph I, Weller 50, Vath- £ & Tryst ago. s W REAL ESTATE LOANS 51,9, - FRED T. NESBIT 1010 Vermont Ase. Main 302 ‘Real Estate Security wE shall be glad to immediately inves- tigate all applications for loans on First Trust Security submitted to us. EHER_E will be no delay either in get- ting our reply—or in the money being advanced. aximu KEE and| 1415 K Street Main 4752 COTTON GOODS QUIET. NEW YORK, October 24 (Special). Cotton goods markets were very quict at the start of the week and vrices were easier. Print cloth quota- | tions were off 14 at 815 for Gixfis,| d at 9% for 68x72 wera active at un | ervice Over a Third of a Century's Your Property Experience Investments —must be considered with increasing atten- tion to the development of income - producing powers. Collections must be made prompt- ly, upkeep and operat- ing expense minimized, vacancies lessened. Such attention our management gives. B. F. SAUL CO. Main 2100 925 15th St. N.W. h\ WY e g-4 Tve : < Building Ass’ Equitable Co-Operative Building Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Organized 18’ 1ith YEAR COMPLETED Assets. vee..$5,228,031.94 Surplus. ..$1,169,9i Sul:scfiptiom for the 93rd Issue of Stock Being Received SAVE SYSTEMATICALLY IN- THE EQUITABLE Star! the ¥ Oldest National Bank in the District of Columbia Trust Dept. Foreign Exchange. 3% Paid on Savings National Metropolitan 113 Bank 13 Years Years 15th St. opp. U. 8. Treasury o1d Oud 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, 5 or 10 year terms on your 5%% - Apply RANDALL H. HAGNER & CoOMPANY Incotpotated MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 a systematic savings a juitable and provide the way Financial independence. Our plan saving encourages thrift in a manner and helps you accumulate mon count at Apartment Office Building Start now. Home usiness Property I 915 F STREET APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgomery and Prince Georges Counties, Md. 5%2% INTEREST \\477 Loans on Real Estate for Periods of 3,5 or 10 Years WE HAVE UNLIMITED FUNDS TO LEND ON Residences, Apartments and Business Properties in Apply to X H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 Co., Md. BOSSZPHE| PS Loan Correspondent of John Hancock Mutual Life Insurance Co. the District and mearby Montgomery Founded 1907 Main 9300 NEW ISSUE Exempt from Federal, State, Municipal and Local Taxation $29,000,000 Ten-Thirty Year Federal Land Bank 4% Bonds Dated November 1, 1927 NOT REDEEMABLE BEFORE NOVEMBER 1, 1937 Interest payable May 1and November 1at any Federal Land Bank or Federal Reserve Bank. Principal pavable at the Bank of Issue. Coupon and registered bonds (interchangeable) in denominations of $10,000, $5,000, $1,000, $500, $100 and $40. Redeemable at 100% and interest at any time on or after November 1,1937. Due November 1, 1957 The Supreme Court of the United States has upheld the constitutionality of the Act creating the Banks and exempting these Bonds from Federal, State, municipal and local taxation. ACCEPTABLE BY TREASURY: : These Bonds are acceptable by the United States Treasury as secur- ity for Government deposits, including Postal Savings Funds. LEGAL FOR TRUST FUNDS: The Federal Farm Loan Act provides that the Bonds shall be lawful investments for all fiduciary and trust funds under the jurisdiction of the United States Govern- ment. They are eligible under the laws of many of the States for investment of all public and private funds and have been held eligible for investment by savings banks in 37 States. While these Bonds are not Government obligations, and are not guaranteed by the Government, they are the secured obligations of Banks operating under Federal charter with Governmental supervision, on whose boards of direction the Government is represented. At the request of the Federal Farm Loan Board in co-operation with and on behalf of the Federal Land Banks, we offer these Bonds: Price 100% and interest, to yield 4% EXPECT DIVIDEND EARNINGS. | NEW YORK, October 24 (#).—Earn- ings of American Car & Foundry for | the six months ended October 31 are | expected to cover dividend require- | ments of $3 a share on the common for that period. In addition to earn | ings from its production of railroad | equipment, the company owns stocks and bonds carried at $6, 5 on its books from which it receives a liberal return and on April 30 its holdings of vernment securities were $13,399. 1, hesides $8,067,432 in cash and | $7.807,780 in accounts receivable. It | Ry also has a controlling interest in Brill 101% Corporation, Rub 1st rf §s.. S Rub 7igs teel sf 58 ah Pow & Lt 53, Vertientes Sug T Prompt Service Interest Rates 5l & 6 Mortgage Department (SHANNGI & LUCKY) 1435 K Street Main 2345 Alex. Brown & Sons Harris, Forbes & Co. Brown Brothers & Co. Lee, Higginson & Co. The National City Company Guaranty Company of New York The statements contained herein, while not cuaranteed, are based upon information and adsice which we believe to he accurate. All of the Above Bonds Having Been Sold This Advertisement Appears as a Matter of Record Only 102% 101%, 106 105 f1son & Co 15t 63 Winchester A T1gs. 2 S&T 6s.. 13 105 RAILROAD. fsonadj4s.... 5 93% Atchisongend4s... 4 974 974 Atla CL 1stds, 6 98y 98 Atlan CL4%s 64.. 1 101% 101% e, 9314 M al Blig. ( ward & Lothiop b “Ex dividend. 2