Evening Star Newspaper, October 25, 1927, Page 10

" FURTHER ADVANGES * INSTOCK MARKET !E Good Deal of Irregularity 's ? Noted—Seasonal Rail List Is Strong. BY GEORGE T. HUGHES. 1 Dispatch to The Star ! W YORK, October provement in the stock m ! earried further For the mo- H ion appeared to who had put short contracts made haste to take f . A long list of s eordingaiy n substantial i Whether or not the day’s relative strength indicated anything more than a temporary change was a matter of After the recent sharp break was in order on technical | &rounds. it on no other. The test will come when newly created short § nterest n eliminated & Some Irregularity in Market. weWhile the trend was upward, there ¥ was still a good deal of irregularity, § Particularly in stocks which had stood up during the recent weakness. l Abitibi Power sold off sharply, show- ing that the news of the split-up in § the ratio of two for one and the con- § Bolidation with Spanish River Pulp i s be and Paper had been discounted. The § Pool in International Paper was not ive and for a time Greene d hehind ailroad list Wabash was un- e. losing "grownd easily. of “Wabash has as a Cananea In the der presst ; The market price never been explainable on an ings basis, the d being the ben fi xpected to accrue to sharehold- ers from an affiliation ve&th the Lack- ! awanna or some other road. Some selling came into Seaboard on the an- nouncement of the death of Pres ‘Warfield, but it was not in any Folume or did it have any important @ffect on the price ~ On the other hand, dividend ? strong. Ne the seasoned ayers were practically all York Central was the leader, crossing 160. where it was up over 2 points. Southern Pacific and Union Pa were in_active demand at hi prics. Rock Island started in over a : point higher, responding to forecasts of a favorable September statement. fi strong, so was ed. In the non- St Louis . Southwe swift recovery 1 from yester Motors Nearly All Rise. s advanced all the motd Hudson, Packard, s in the general s included a new adio around 75, the 1925, Lambert at a new listing and sterling pro- ducts at a new high for all time. { Special buying came into Columbia | Carbon_ putting that stock up sharply. Union Carbon and Carbide went along. | Houston Oil went through one of its | characteristic preformances, gaining { over six points in the first two hours of trading with some reaction after- | wards ' . Buying in the steel shares was not | so confident. United States Steel ran ! up from 1 to 2 points but seemed to be meeting stock on the advance. General Electric acted similarly. In this part of the list some stimulus i from trade reports seemed to be | needed . since H . i | Wall Street Briefs . By the Associated Press. STANDARD OF JERSEY.—Large |conuacts for bunker oil have been placed with the Standard Oil Co. of j New Jersey. The International Mer- ! cantile Marine €o. has taken about half of its requirements for 1928 at the port of New York, and the Cunard 'Line at ports in the United States, Canada and the United Kingdom, also for the year. 1| ZINZ PRICE DOWN.—The price of lzinc has fallen below the 6-cent-a- pound level. Sales of 5.97% cents. St. Louis, have been made on prime Western brand and as low as 5.95 was ’reported in isolated instances on at- tractiv~ tonnages. 5 L OTIS STEEL CO.—Net profit of ~Otis Steel Co. for nine months of 1927 wwas §1,902,694, before depreciation and ! Federal taxes, against $2,149,131 in the | eorresponding 1926 period. Third- ‘quarter profit was $468,076, against 1$683,482 the preceding quarter and | $735.491 in the third quarter last year. ADVANCE RUMELY.—Chicago dis- patches say the executive committee lof Advance Rumely Co. will recom- {imend to directors next Thursday a {plan to provide a_revolving loan of from $3,000,000 to $5,000,000, enabling the company to clear up bank loans before the year ends and set the stage or a return to an operating basis of * increased earnings. PIGGLY-WIGGLY.—Piggly-Wiggly Corporation is negotiating to sell the igreater part of its stores, 400 of its 550 stores throughout the country having been disposed of in recent months. The directors are said to | contemplate keeping only one or two feoncentrated units. It is likely all stores to be disposed of, will be ac- counted for shortly. The company | collects a royalty of one-half of 1 per lkent on all sales of Piggly-Wiggly stores. FLEISCHMAN CO.—Fleischman Co. + earned $3.20 a share on the common | stock in nine months this year, against $2.98 a share in the same period last year, net income rising to $14,467,358, from $13,476,591. RICHFIELD OIL.—Richfield Ol Co. has brought in a well in the Long Beach field, California, with initial flow of 4,500 barrels, believed to be the Jargest in the State at present, and the deepest ever drilled in that field, 5,960 feet, NEW HAVEN RAILROAD.—Net in- eome of the New York, New Haven & Hartford Railroad for September was $307,139 ahead of September last year, totaling $1.626,818 and for the nine months of 1927, a gain of $266,368 over the first nine months of 1926, reaching $6,528,346. September railway operat- ing revenue however, were $244,423 Jess than r ago, but gross income gained $350,866. RADIO CORPORATION. — Wall 't may be signed rporation of America Union Telegraph for handling the Radio Corporation’s pick- up and delivery business in various parts of the country. Officials of both ‘companies could not be induced to dis- cuss the subject. A similar contract between the Postal Telegraph and the Radio Corporation expires in a few fnonths. N. & W. VOTES EXTRA. NEW YORK, October 25 (#).—Di- rectors of the Norfolk & Western Rail- road today declared an extra dividend ' of $2 a share on the common stock. This is in addition to the regular quar- terly payment of $2 a s and makes a total of $10 for the current Oven. High. Low. Close. Abitibt Pow (5). 1324 132ls 125 120% Abrahm&Straus 1057 109 105% 108 | Adams Exp (6). 160 160% 160} 160% Adv Rumley.... 9% 8k 9 Adv Rumley pf. 2815 264 28% Ahumada Lead. 3% % 3% Alr Reductn(t7) 173% 175 178% 175 Albny Pap pf (1) 99 99 99 99 Allied Chem (6) 147 149 147 149 Allls Chalm (8). 111% 142% 111% 112% Amal Leather... 12 13 124 13 Amerada (2). 30% 304 304 Am Agricul Chm 11% 11% Am AgriChpf.. 4l% 4l1% Am Bank N (2). 0% 0% Am Bosch. . 2% 22% | Am Brsh (j1.60) 395 40 AmCan (2)..... 624 64l AmCanpf (7).. 134 134 134 Am Car&Fdy (6" 98 987 98 Am Chain pr (7) 100% 100% 100% 100% AmChicle (3).. 71 Tl% 71 T4 AmChic pr pf(7) 104 104% 103% 104% Am Drug (80c). 13% 14% 13% 142 Am Encau (2.40) 42 42 42 42 Am Express (6). 157 159 157 159! Am & For Pow.. 25 5 Am&Fo Po pf (7" 105 Am Hide & Lea. Am Ho P (240). American Ice(2) Am Ice pf (6)... 89 Am Internatl(2) 501 Am La France.. 7 Am Linseed. . 597 60% Am Linseed pf.. 8 854 Am Locomot (8) 101 104% 101 Am Locopf(7).. 124 124 124 Am Machine (2) 146 161 146 AmMa&Fy pt(7) 19 100 Am Piano (3)... 34 3d% |AmPo& Lt (11) 66% 6812 66t Am Radiator (5) 130 1314 130 | Am Republic.... 44 431 | Am SafetyR(13) 57's | Am Seating (t4) 39 3 | Am Shipbidg (8) 105% 105% 105% 1051 |AmShip&Com. 3% 3w 3 3 Am Smelting (8) 1613 164t 16115 1643, Am Snuff (12).. 136 136 136 Am Snuff pf (6). 1034 1034 102 Am Stl Fdys (3) 46 47 4 Am St Fy pf(7). 113% 113% 11 Am Sugar (5)... 80% 81 809 81 Am Sugar pf (7) 108% 108% 108% 108% Am Sumatra.... 6213 631s 6214 63y Am Tel & Tel (9° 176 177 175 177 Am Tobacco (8). 1611 164 161% 162 AmTobaccoB(8) 162 164 1613 162 Am Tobac pf (6) 115% 116% 115% 115% Am Typepf (7). 113 113 118 113 Am W W (m80c) 64k 60% 64% Am Woolen..... 224 21% . 2: Am Woolen pf 54 Am Writ Pa otfs Am Wr Pa pf cfs Am Zinc pf. Anaconda (3)... Archer-Dan (3). ArmourofI11(A) Armourof111(B) Arnold Con&Co. . Artioom (3). Art Metl (1%) Asso Dry G (23 Atchison (110).. Atchison pf (5). AtICL (18%).. AtGuIt& WI.. 34 3¢ 34 Atl Refining (4). 117% 1184 117 Atlas Pow pf (6) 104% 104'c 104% 1041 Atlas Tack T TR TR TR Austin-Nichols 5% 5% 6% 5w Autostrap A (3) 43% 44 43% 44 Baldwin L (7).. 256 2584 256 256 30%m 115 41 80% 21% 393 62% 85 186 187 102t 1021 1 185 188 1 Elec Refrigeratn El Stge Bat (16) End John (5)... Engineers Pub § Equit Blag (7).. EquitableTr(12) ErleRR.. Erfe1stpf...... Erle Stm S (2%) ErieStms cfs 2% Erie Stm S pf(7) Eureka Va f14% Fed Ligt(h1.40). Fed Min pf (7). F1d Phoenix(4). Fifth Ave (64c). First N B 1st(8). First NatS(1%). Fisk Rubber.... Fleischmann (3) Foundation (5). Fox Film A (4). Freept-Tex t43% Gabriel Sn (3%) Garduer Motor.. Gen Am Tnk(4). Gen ATC pf (7). Gen Asphalt.... Gen Bakg pf (8). Gen\igars (4).. Gen Elec (15)... GenElec sp(6ue) Gen GasA (01%) Gen Motors. ... Gen Mot pf (7).. Gen Outdr Ad(2) Gen Qutdr A (4). Gen Ry Sig (5). Gen Refrac (3). 3 | Gillette SaR (15) Gimbel Bros. ... Gimbl Br pf (7). Glidden Co. . Gold Dust (3)... Goodrich Ru (4) Goodyear Tire. Goodyear 1st pf. Gotham new 1y Granby Con Min Grt North pt (5) Gt Nor pf efs(5) Grt Nor O (1%). Grt Wes S(2.80) Gt West S pf (7) Green Canan..., Guantan pf (8).. Gulf Mo & Nor. Gulf States Stes) Hack W pf(1%) Hartman A (2) Hrtn B b10%stl Helme Geo (4).. Hocking Val(10) Hoe& CoA..... Hollander & Son Homestake (17). Houshld * (314) Houston Oil..... Howe Sound (4). Hud Man ( Hudson Mot (§ Hupp Mot(1.40). 1llinots Cen (7). Indep Ol (1)... Indian Mot (13%) Indian Refining. Indian Refsg ctfs Ind Ref pf(7)... Iniand St (2%).. Inspiration. . Intcont! Rub(1). Int Bus Ma (4).. Int Cement (4).. Int Com Eng (2) Int Comb pf (7). Balto & O (6). 117% 117% 117% 118 Balto&Oh pf (4> 80 80 80 8 Bang & Ar (3%) 70% TI% 70% 7T1% Bang & Ar pf(7) 110% 110% 110% 110% Bk Comerce t18. 505 505 505 505 BankofMan(16). 560 560 560 560 Barnsdl A(b2%) 22% 22% 223 22% Barnsdl B(b2%3) 22% Bayuk Cigars. .. Beech-Nut (13). Belding Bros (2) Best & Co (3)... Bethlehem Steel Beth Sti pf (7) Bloomingdale. Blumenthal p! Bon AmiCl A (4) Booth Fisheries. 52% 52% 52% 52% 53l 52 il 116% 116% 116% 116% 374 38% 3Th 384 84 8 84 85 64% 65% 64% 65% A% 4% 4% 4% Botany C MillsA 23 23 23 23 Briggs Mfg Co.. 20% 20% 20% 20% Bkin-Edison (8) 177% 178 177w 178 Bklyn-Man (4).. 57 57 57 57 Bkin-Man pf(6). 82% 82% 821 821 Bklyn Un Gas(6) 129% 129% 1291, 129 Brown Shoe (2). 44% 44%n 4d's 44% Brunswick Ter.. T4 8 T% 8 Buft&Susq pf (4) 524 53 52% 53 Burns Bros (B). 19 19 19 19 Burros Add (14) . 128 29 1284 Bush Term (b8). 65 67 65 67 Bush Ter de (7). 106% 106% 106% 106% Bush Trm pf (7) 116 116 116 116 Butte Cop (50c). 4 4 4 4 Butte&Super (2) 8% 8% 815 8y Byer&Co....... 79 8L 79 81 6415 63U 64% Calif Packg (4). 63% Calif Petm (1)., 224 22% 22 22% Callahan Zinc... 1w 1% 1% 1y Calumet & Ar (6) 854 854 841 85 Calu & Hecla (2) 16% 16% 16% 16% Can Dry (+3%). 47% 49 4% 48% Can Pac 1st pd.. 1843 184% 184% 18415 Can Pacific (10). 188 188% 187 = 188 CaseThreshg(6) 261 262% .61 262% Cent Alloy (2).. 25% 26 25% 26 Cent Leath 22% 24 22% 24 Century RibM.. 12% 12% 12% 12% CerrodePas (t5) 62% 62 624 624 Certain-Teed (4) 50% 50% 50% 50% CertoCorpn t3% 68 68 67 67% Chand-Cleve.... 5 5 Chase Nat B(18) 557 Chat-Ph Bk(16). 495 498 495 498 Ches & Ohlo (10) 206% 207% 205 207% C&OCorpn (3). 82 82% 8l1% 82% Cht & Alton pf. 1% 11% 11% 11%: Chi & East 111, 42% 42% 42% 42% Chi & EastIll pf 76% 77% 76 6% Chi Great West., 12% 121% 11% 124 ChiGt Westpf.. 29% 29% 281% 29% ChiMII&StP.. 15% 6% 15% 15% Chi Mil & StPpf 28% 28% 28% 28% CM&St Pef: 1 % C M&StP pf ¢ Chi & Nwn (4] 8 Chi Rock Is (5). 1054 105% 104 104% CRI&PDL (7). 108% 108% 108% 108% Chi Yellow C(4). % 47 45% 46 Childs (12.40). 61 62 Chile Co (233). 33% 34% Christl B (1.20). 69 69% Chrysler Cor (3) 52% 534 Cluett Peab (5) 75 8 5 7 Coca-Cola (5)... 122% 122% 121% 122 Collins & Alk(4) 92% 96% Col Fuel & Iron. 79 80% 79 Col & Southn (3) 118 118% 118% 118% Col Gas & El (5). ¥9 89% 89 89% Col GEE pf A (6) 107% 1073 107% 107% Col Carbon (4).. 91 943 31 94 Com Cred (1)... 18 18 Com Cred pf 615. 82 82 Com In Tr pf(7). 97 97 Com Solvents(8) 166 168 Com Powr (2%). 65% 68% Conde Nast(2%) 42 42 Congoleum-Nair 22% 23% 22% 22% 68% 67 68 Cong Cgrs(t4%) 67 Con Cigars (7).. 177 % 6% 7% Consol Distribut % % % 8 Consol Gas (5).. 111% 112% 110% 111% ConsolGas pf(5) 99% 99% 99% 99% ConRRCuba pf 6 69% 69% 68% 69 Consol Textile. . 4% 4 Cont Bakg A (4) 53ls Cont Baking B.. 5% 93% 94 93% 52% 5% 5% Int Harv (J6). IntMtch pf(3.20) Int Mer Marine. . Int Mer Mar pf. Int Nickel (2)... Intl Paper (2.40) Int Paper pf (7). Int Paper pf (6). Intl Shoe (7) Intl Silver. .. Int Tel & Tel (6) Intertype(t13). Jewel Tea...... Jones Bros Tea. Jones & Lau (7). Jordan Motor... KCP & L 1st (7). Kan City South. . Kayser J (4) Kelly-Spring. ... Kels-Hayes (2). Keystone T & R. Kennecott C (5). KraftCh (11%) Kresge S § 11.20 Kresge SS pf(8) Kress S H (h1).. Lago Oil (75¢). . Lambert Co (5). Lee Tire & Rub. LehighVal(3%). Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60). Loew’s Inc (2). Eoft........ Loose-Wil(1.60) Loose-W 1st (7) LorillardCo .. Lorillard pf (7) Louistana Oil. La Ofl pf (63). LoulsGasA(1.¢5) Louls & Nash(7) Ludlum Steel(2) McCrory (1.60). McCrory B (1.60) Mack Truck (6) Mackay (7)..... Mad Sp Gar (1). Magma Cop (3). Mallison & Co. .. Mallison pf (7)., Manat! Sugar Mandel (23) Man El Sup (5).. Man El m g (d5) Man Shirt (2)..., Manilla El (2%). Maracaibo Oil. .. Market St prior. Marland Oil. ..., Mar Rock(13%). Mathieson (4)... May Dept S (4).. Maytag (12%) Mexican Seab. Mid States Oll ct Midland pf (t12) Miller Rub (2).., Minn & St Louis. Min St P & SSM. Mo Kan & Tex. . MoK & T pf (6). Missour! Pacific. | Missourt Pac pt. Montana Pow (5) MontgmryW(4). Moon Motor..... Mother L (50c).. Motor Met (3.60) Motor Whi (2).. Mullins Bedy. .. Mullins B pf (8). Munsingwr (3).. Murray Corpn... Nash Motor(16). NatBHess pf(7). Nat Biscult(t7). Nat Bise pf (7). . Nat Cash R (A)3 Nat City Bk (20) Cont Bak pt (8). Cont Can (6).... Td% 74% T4 Cont Insur (6).. 205 208 205 Cont Mont (80¢). 10 10 9% Corn Prod (13).. 56% 57% b56% Coty Inc (5).. 104 106% 104 CrucibleSteel (6) 81% 82 81 Crucible pf(7).. 111 111 111 111 Cuba Cane Sugar 5% 5% 6% &% Cuba CaneSupf 29% 29% 29% 29% Cuba Company.. 20% 20% 20w 20l Cuban Am S8 (1). 20 20% 20 20% Cuban Am pf(7) 101 101 100% 100% Cuban Dom Sug. 13 13 12% 12% Cudahy Pkg (4). 52% b54% b52% 54 Cushman's (§4). 141% 141% 141% 141% Cuyamel Fruit.. 52% b52% 52W 52% Davison Chem.. 32% 33% 31% 33% Deere&Co pf (7) 119% 120 119% 119% Del & Hud (9).. 183% 186 183% 188 Del L & W (17). 133% 133% 132 DRG Wstpf... b5l% 51% b51% Devoe & R(2.40) 38 384 38 Devoe&R 1st(7) 111 111 111 Diamd Mtch(8). 136 136 135 Dodge BrosClA 15 15% 15 207% 9% 57% 105% 82 Natl Dairy (3).. Nat Dept Stores. Nat Distillers. .. Nat Distillers pf Nat Enamel & S. Nat Lead (5).... Nat Lead pfa(7) Nat Park Bk(24) Nat Pw&Lt (80c) Nat Ry Mex 1st.. Nat Ry Mex 2d.. Nat Suply pf(7). Nat Surety (10) Open, High. 10 10% 0% 1% 73 3% 364 36% 851 88 391 391 634 644 60% 61% o 324 32 32 112 112% 70 Tim 381 391 94 94 1591 164 121 12% 100% 100% 27 27 16% 635 869 89% 8k 587 110% 1101 80'y 824 139% 140 6719 681 124 127% 1% 11% 374 120% 120% 261 234 21% 22 114% 114% 8T8 31 5314 69 13 9% 106> 106% 60 51 19 194 1% 119 91% 9l 6 56 443 101t 101% 2057 20878 84ls 861y 45 4 34 341 63 65% 68 68 103 103% 931 93Y - 225 225% 190 194y 145% 1474 30 30 91 s 26% 26% 121% 121% 154 15 115% _115% 593 6 113% 113% 85% 86k 32% 33 85% 874 1% 124 4 95 52% b54% % 60% 5% 113% 113% 107 88 26Y% 148 21Y% 75 81 102 114 114 4% 25 46% 483 15% 212 6 8ly% 102 34% 43 115% 116% 3 3 45% 45% 42 42% 86% 88 390% 390 6314 60% 31% 32 112 901 401 9 58 11014 teel....... Otis Stl prior(7). Owens Bot (Ct5) Pacific Gas (2).. Si ) Packard (12.90). Paige Motor-.... Pan-Am Pet (4). Pan-AmPetB(4) Pan-Am West B. Panhandle. ..... Parmt-Fam (§8) Park & Tilford. . Park Utah (80c) Pathe Ex A (4). Peerless Motor. . Penick & Ford., PennDix Cmt(2) Penna R R (3%) Peoples Gas (8). Peoples Gas -t | Peoria & East. .. Pere Marg (18). Phila Co (k4)... PhilaCo5% pf2 PhilaCo6 %pf(3) Phila& RC ... Philip Morris. .. Philip Morris rts | Phillis-Jon (4). | Phil-Jones pf(7) Phitllips Pet (3). Phoenix Hosiery Plerce-Arrow. .. Pierce Arrow pf. Pierce Oll....... Pierce Petrolm. . Pillsbury (1.60). Pillsbry pf(635) Pitts Coal 5% | Pitts Ter pf (6). 37 19% 81 101 8% 119% 1 80% 101 57 41% 26'% 28 21% 114 8578 31 58 7 65% 1463, 9 1064 501y 19% L1ty 9llg Y 106% 50 19 11% 9l 6 43 101% 2055 841y 143% 30 71 26% 121% 14% 115% 2T% 27T% 2% 2% 1% 1% 165'% 165'% 26 26 3 3 45 45 41%_ 42 105% 105% T105% T05% 56% 55% 109% 110% 104% 104% 9% 81% 6% 6% 1% 1% 21% 21% 26% 25% 57% 5% 102 102 46 46% 18% 20% 83% B4Y 90 90 144% 139% 139% 43% 44 685 688 60% 61% 22% 22% 4Th 49% 58 58 24% 24% 116 116 137 137 595 595 23% 24 5% 6 2% 3 1184% 118% 270 275 158 160% 16 16 140% 140% N Y AirBr (3).. N Y Cent (8) N Y Central NY C&StL (8) NY Dock....... NY & Harlem(5) NY NH & Hart. . NY NH&H pt(7) NY Ont& W (1). 39% 39% 53%, 108% 103% T9% 6% 1% 21% 26% 57% 102 46 18% 83 90 143 139% 43% 683 60% 2215 4T 58 24% 116 137 595 23% 5% 2% 547% 110 103% 81 6% 1% 21% 25% 59% 102 46% 20% 84 90 143'% 139% 44 683 61'% 22% 49 58 Pitts &W Va6). | Ditts Y&ADE(T). Postum (5)..... Pressed Stl Car. Pr Stl Car pf (7) Prod & Refiners. Prophylac B(t4) Pub Serv NJ (2) Pub Serv pt (8). Pullmn Corp(4). Punta Aleg Sug. Pure Oil (12). Purity BakA(3). Purity Bak B (2) PurityBak pf(7) Radio Corpof A. Reading (16). Reading 1st (2). Real Silk Hos. eid Ice Crm(3). | Rem-Rand 11,60, Rem-Rdlst (). Rep Lr & St (4). Reynolds Spngs. Liey Tobac B (5) Rossia Ins (6).. Rossia Ins Co rte | Royal D ag.1s%. Safety Cable (4) St Jos Lead (13) St L & San F18). St L Southwest. St L Swn pf (5). Savage Armns Schulte (313). Seabd Air Line. Seab Air L pt. Seagrave (el.20) Sears-R (n2yg).. Seneca Coper.. .. Shattuck ¥ G (2) Shell Un (1.40).. Shuber The (5). | Simmons (2).... Simmons pt (7). | Simms Pete, Sinclair Ol Skelly Oll (2), So Por Ric $(£2) South Cant £d. . South Dairies A. Sou Dairtes B. South Pac (6). Southern Ry (1) South Ry pf (5). Spicer Mfg..... SWG&E (3%). StdG & Ept (4). Std Mill (5)... Sud Millg pf (6). | StdOiICal(123). 1Std O1LNJ 113%) Std OUNY (L6v). Sterling Pro(16) Stewart-War (6) Strom Studebaker (5) Studebak pf (7). Submarine Boat. Superior Oil..... Telautogra (60¢) Tenn Copper (1) Texas Corpn (3). Tex Gulf Sul (4) Tex & Pacific. ... Tex PC&O(60c). Tex Land Trst n Tidewatr As Ofl. TidWASOLIpS(6) Tidewatr Oil 80¢ Timken (15).... Tobac Prod (7).. Tobac Prod A (7) Transcont Ol .. Transue & Wil. Underwood (4) Un Bag &Paper. Union Carb (6).. Union O1l (123%) Union Pae (10). Union Tank (5). UtdCgrst(Csuc) Utd Cgr St pt(6) United Drug (%) Utd Dyew pf (7) Utd Fruit(16%). USC1P&F (10) U S Distributing US Dist pf n(7). U S Alcohol (5). U S Leather w 1. US Leather A... US Leatprpf(7) U S Realty (4).. U S Rubber,.... U S Rub 1st (8). U S Smelt (3%). U 8 Steel pt (7). Univ Pipe(t2%). Utl P&Lt A (e2) Vanadium (14).. Victor TIk Mch. . Victor cv pf (6). Va Iron Coal & C Vivadou (3).... Vivaudou pf (7). Vulcan Detin. ... Vule Det pf (7).. Wabash........ Wabash pf A*(5) Walworth (1.20) Ward C1A (8)... Ward Baking B. Ward Bak pf (7) Warner Plc A. .. Warner-Quin(2) Warren Bros (4) WarF&Pipe Cor. Web & Halil..... Web&Hell pf(7). W Penn 1 A (1) W Penn El pf (7) West P Po (6)... 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). Weston Electric, White Eagle (2). White Mot (4).. White Sew Mach White SM pf(4). Wickwire cft. . . Willys-Overland Willys Od pt (7) Wilson & Co. WilsonCopf A.. Woolworth (5) .. Worth Pump (B) Wright Aero (1) Wrigley (13%). Yale&Towne(4). Yellow Truck. Yel Tr&Co pf ( NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Open. High. Low_Closs 12% 137 12% 12% 140 119% 120 8 8 67% T9% a1 4 1% 152% 45% 10 AT 484 18% 10% 107% 67% 80 1% 1% PEPCO PFD. 512 REACH NEW PEAK Advance to 106 1-2 in Trad- ing on Local Exchange. Bank Shares Move. BY EDWARD C. STON Potomac Electric Power 51; per cent preferred proved the most inter- esting stock on the Washington Ex- change today when it reached a new closing at 106% The stock opened at 106%, the next ales taking place at 106%. The turn-over was 45 share: pital Traction cs ek a quarter of a point from rday’s close, 13 shaves selling at 10815, Mergenthaler was strong today, 22 shares changing hands at 113 Federal-American Co. preferred scored a new high, on a transfer of 10 shares at 101 Woodward & Lothrop preferred, in which there had been but five shaves sold since the stock was listed on the local board, appeared today, two sales totaling 55 shares taking place at 109, the same as the last quotation. Washington Railway & Electric pre- ferred led the market in volume of sales, 100 shares figuring in one trans- actfon at 100. Commercial National sold at 269, while American Security & Trust moved at 463 and 462. Columbia Sand & Gravel registered 1021, 50 shares of vestment pi came out Sonds sold_at recent levels, and two shares of Departmental Bank std sold in the unlisted department at 6 Loans and Discounts Increase. ederal Reserve Board's condi-| tion statement of 660 reporting banks in leading cities as of October 19 shows increases of $17,000,000 in Joan nd discounts, $16,000,000 in invest- ments and $40,000.000 in net demand deposits and declines of $85,000,000 in government deposits and_$16,000.000 in borrowings from the Federal Re- serve banks. Loans on stocks and bonds, includ- ing United States Government obliza tions, ,were $28,000,000 above the pre- ceding week’s total, the principal in creases being $16,000.000 in the New York district and $14,000,000 in the Chlcago district. While net demand deposits were $40,000,000 above the previous week, they w lower at Richmond. lanta and several other reserve banks. C. & 0. Earnings Above Last Year. September earnings of the Chesa- peake & Ohio were larger than a year r charges rising to ) 969,888, and for the months of 1927 to $23,32,097 $20,494,057. September gross revenues were $§12,146,068 against $11,903,165 in September, 1926. The report filed with the Interstate Commerce Commission today showed net income for the nine months after all charges of $23.032,097, an increase 38,040 compared with the cor- responding period in 1926. Burbank Joins Maryland Firm. Robert D. Burbank of Washington is one of the incorporators of the Marylgnd Paper Mills, Inc., which has been organized under the laws of Maryland for the manufacture of wood fiber paper and paper bags. The plant will be located at Glenburnie, where a tract of 38 acres has been acquired. The company will have an authorized capital of $2,000,000. The company will be headed by William W. Ormsbee, formerly general man- ager of the Continental Bag & Paper Co., Ltd., of Canada. Piggly May Sell More Stores. The New York Herald-Tribune says today that the Piggly Wiggly Cor- poration is negotiating to sell the greater part of its stores, 400 of its 550 stores throughout the country having been disposed of in recent months. The directorstAte’ said to contemplate keeping only one or two concentrated units. It is lkely all stores to be disposed of will be accounted for shortly. The company collects a royal- ty of 3% of 1 per cent on all sales of Piggly Wiggly stores, It will be recalled that 49 of these stores in Washington and vicinity were sold a few weeks ago to the Sanitary Grocery Co., and are being operated as auxiliaries to that com- pany. Banker to Talk Over Radio. M. D. Rosenberg, president of the Bank of Commerce & Savings, will give a series of three talks on the radio from station WMAL, commenc- ing tonight at 9 o'clock. The others will follow on Wednesday and Thurs- day nights at the same hour. It is expected that Mr. Rosenberg's talk will embrace the history and theory of banking in general, the loaning ele- ments of banking institutions. and probably particularize upon commer- cial and savings accounts. The fact that Mr. Rosenberg has been a practicing lawyer as well as banker for many years promises both an in- teresitng and instructive talk. Heard in Financial District. J. Frank White, cashier of the National Bank of Washington, has been back at his desk several days after a vacation trip to Atlantic City. Vice President C. W, Warden of the Continental Trust Co. has returned from 10 days’ outing spent in the mountains in Virginia. The offering of $29,000,000 10.80- year Federal Land Bank 4 per cent bonds has been sold and the subscrip- tion books closed. Clarence W. Scully, local represent- ative of Lord & Thomas, experts about 400 members at the convention of the American Association of Adver- tising Agencies, which opens at the Mayflower tomorrow. On the New York market yesterday heavy offerings of Western Maryland stock brought the pri down 6 points, It closed at 45, which was points under the top of last June whe! merger talk forced it upward. Nunnally Reports Profits. Nunnally Co. reports for quarter ended September 39, 1927, profit of $10,890 after charges but iefore Fed- eral taxes, comparing with 245,406 in preceding quarter and $31,303 in third quarter of 1926, For first nine months of this year profit totaled $63,237 before Federal taxes, against $154,466 in same period of 1926. Special Feature at Party. One of the features of the Hallow- een dance to be given by the women’s committee of Washington Chahzer, American Institute of Banking, at L’Aiglon on Saturday evening, Octo- ber 29, is prizes for the best man’s and woman'’s costumes. nine from & n POTATO MARKET WEAKER. CHICAGO, October 25 (#).—Pota- toes—Receipts, 175 cars: on track, 552; total United States shipments, 1,253 cars; demand and movement slow, market stightly weaker. Wisconsi sacked round whites, .1.45a1.60; Min- nesota, North Dakota, sacked round whites, 1.40a1.50; sacked Red River Ohios, 1.35a1.45; Idaho, sacked rurals, 1.50a1 sacked russets, 1.75al.85; few, 2. COTTON ADVANGES ON CENSUS REPORT Confirmation of Smaller Es- timates of Crop Seen in Ginning Figures. By the Associated Press. NEW YORK, October 25.—The census report, showing 8,118,978 bales of cotton ginned prior to October 18, compared with 8,727,709 last year and 9,518,946 two years ago, made a bull- ish impression on sentiment in the cot- ton market at the opening today. First prices were firm at an advance of 28 to 55 points and by the end of the first hour active months showed net advances of 60 to 65 points, De- cember selling at 20.07 and March at 20.36. The advance encountered a good deal of Southern selling and realizing, but offerings were absorbed by active covering and fresh buying, which was accompanied by comment on the gin- ning figures as tending to confirm the smaller estimates of the crop. The advance later extended to 20.28 for December and 20.55 for March, or about 80 to $3 points above vester- day’s closing quotations. In the case of December contracts this represent- ed a recovery of 86 points from the |low price touched vesterday afternoon. Realizing became a little more active t that level. At midday December was _selling around 20.13, active |months generally showing reactions K lof about 10 to 14 points from the best. | October advanced with the rest of the |list, selling up to 20.18, or 83 points net higher, with the last sale reported at 20.06, just before tr ng in that delivery ended at midday. I HAS BIG OIL CONTRACTS. NEW YORK, October 25 (#).—In addition to contracts for bunker oil from the Cunard, I. M. M. and French lines, the Standard Ofl Co. of New Jersey will supply oil to ships of the United States Steel Corporation for 1928, involving 1,500,000 barrels. The price is the same as the large steamship contracts, $1.50 a barrel, maximum, including delivery charges. WILL PAY DIVIDENDS. NEW YORK, October 25 ().—The New York, New Haven.& Hartford Railroad will pay quarterly dividends on the preferred stock, beginning Jan. uary 1. Directors transacted routine business today. PRICES ON PARIS BOURSE. PARIS, October 25 (#).—Prices were improving on the Bourse today. Three per cent rentes, 54 francs 25 centimes; exchange on London, 124 francs 6% centimes; 5 per cent loan, 74 franecs centimes. The dollar was quoted 5 francs 47 centim We'll Lend You the Money Needed —to refinance that maturing Mortgage. {Prompt loans on Real Estate located in the Dis- trict of Columbia and vicinity. Lowest Interest and Com- ion. Applications in- vited. THE COMMERCIAL NATIONAL COMPANY Ine. Paid-Up Cash Capital, $700,000 Commercial National Bank Bldg. 14th and G Sts. |WHEAT SCORES GAINS ON FOREIGN ADVICES | Upturns at Liverpool and Outlook for Liberal Export Trade Have Bullish Effect. | By the Associated Press | CHICAGO. October 25.—Wheat val- ues scored an early advance today in- fluenced by an upturn at Liverpool and by confirmation that European import requirements this year will be liberal. Besides, North American ex- port business overnight was said to be of good volume. Opening 3% to 5% higher, wheat subsequently showed ad- ditional gains. Corn, oats and provi- | sions were likewise firmer. Corn start ed at ‘% off to % up, sagged a little and then rose all around to above yes- terday’s finish. De considerable selling on nortawestern account, wheat dis- played a relatively strong tone much of the time today. In this connection special notice was taken of acknowl- edgement from a leading British au- thority that breadstuff needs abroad, Germany and Italy in particular, promised to be on a large scale., Es- timates were also at hand that Aus- tralia would furnish a surplus of only 50,000,000 bushels compared with 130,000,000 from the previous crop. It was pointed out today that the European rye crop was nearly 135, 000,000 under the five-year pre-war average and that the United States e crop is almost negligible in con- trast with the European shortage. According to current trade gossip, Germany alone may import an amount equal to the entire United States surplus of rye. SILVER QUOTATIONS. NEW YORK, October 25 (P).—Bar silver, 5614; Mexican, 42%. Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford Loan Correspondent.- Mutual -Beneflt “Main 475 REAL ESTATE LOANS 519 FRED T. NESBIT 1010 Vermont Ave. Main 9302 [nvesTmenr Bankers Woodward Building Washington, D. C. Heat Hot Water As Comfortable as Your Home Odorless—Inexpensive Watson Stabilator Co. 2018 14th St. North 3349 Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital $1,000,000.00 6%7% First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President —are secured on Improved Real Estate in the Nation’s Capital. The loans on these properties are made only after rigid analysis by our Ap. praisal Committee of special- ists. ACCRUED ANNUAL RETURN 1435 K Street N.W. TR We Will Finance | Your First Trust Loans To Run 5 Years No Curtail 5%% Interest Wm. H. Saunders Co., Inc. Founded 1 Main 1016 1433 K J Ascertaining the Facts No. 9. UR Mortgage In- vestment Depart- ment, before commit- ting itself to the amount to be loaned op First Trust Secu- rity on any residence in Washington, by virtue of its contact and co-operation with the Sales Department of this firm, is able to ascertain the exist- ing and probable market value of each property eubmitted as security. ~MPEERosS 1415 K St. Main 4752, years. is reduced. FIVE ADVANTAGES of the Metropolitan Life Insurance Co. Loan 1. Loans are made for a period of fifteen years. No renewal charges. Dwelling loans may be retired on any interest daie after the third year, without payment of bonus. Small installment payments of 3% of the principal are made semi-annually, eommencing either in six months or after three . Cash investment in home increases semi-annually as the loan We will be glad to discuss your problems with you. EAVER BRO HANC. ———— REALTORS ~ 809 15th Street N.W. Phone Main 9486 ) year, the same amount as +hat paid in | Youngstn S&T 5. 26, Both payments are due Decem | Dodgepf (7).... 62% 63% 62% der: record Novem | Dome Mines (1). 10% 10% 10% 10% | 103toWDoMIers ot ecordNovem- BOMUNCLIS 1) . DI FL0M SIS 10 . Dupont (19%).. 810% 321% 310% 320% /50 : : an (18)... 167% 158% 167% 158% e Tae 150 Mosquitoes for Paralysis. B ronAxis (37.: 22 23k 27% 233 | North Pao by . 9in 94% 964 | fitect Guarierly o ERIE Tenrly aeciaraticy e 8% in stocic. "y Blus 456 in I\ Beventy-four hospitals in England | El AutoLt (16%) 91 séz gg: :;;“ l:lor!l;“o"l"'llt)l.). ggw g:» ::;u. §nlese -cr'-m-";x"in:"-:faf‘ extra or special divi stocle, JFaabls 1/40 of & lgxinfllunryl&:ly n nt ! Electric Boat.... 16% 1 orthwn Tel (3), * Unit of trady than 100 shares. o Partly stock. " p Plus $3 in prefe Dl amaultoss for the trea et oo Power & 1A, 2% 27 26% 21 - Nunnaly (L60s 10 - 10 - 10 4 Parily extra. 3 Flus 1% o stat "THer 0 BRAaide 2 Plus 83 in proferred o i { |aan, : P T e T R e e ' " NY Steam pt (6) NY Stm pf A (7) Norfolk South Norf& W (8 NorAm b10%stk North Am pt (3) 63% common _stock. 9 Plus 2/50 fin 46 Hourly Sales on N. ¥. Market. 2. "™ o Ba his™ Sekt—no reguisk Fats 1lam... 516,500 12m. 979,800 per_cent in common etock. payable |gga Lpm.. 1.250.700 2p.m... 1,606.700 |34 % Quarierly. o Plus 5% in stock. d Pay: able “when earned, @ Payablo in or 574 |, Dividend rates as given n the above table | atock. f Plus 107% in stock. g Pl 3% | ars the annual cash d on the s Morlyugfi Loan Correspondent Metropolitan Life Insurance Company 18415 186% 1841 574 57% 53 53% e i s b 2 M RS L b LN, i 5