Evening Star Newspaper, October 29, 1927, Page 14

14 ¥ FIN, ANCIAL, THE EV. NING STAR. WASHINGTON, DG SATURDAY. OCTOBER 29 SELLING RENEWED INSTOCK MARKET Steels and Rails Under Heavy Pressure—Motors Resist Trend Better. BY GEORGE T. HU! ecial Dispatch to The Star. W YORK, October renewed in the today’s short <ession market, and prices was 29.—Selling second hour of of the stock in gave way. ccted chiefl 1 the rails s showed better resistance. it there was no_little upward n was a_surprise to nost ers. Normall market which had had so drastic a break as one invites new = and this nerally early selling used by \wrgins s out of the way kind happen- od today. The opening was a shade h It there was selling of a ous cha did not make much impres On the other hand, evident lack of buyin also, and so stocks churned about without much | change for the first half of the tradir an tions. at the end| tors for the | ortu re: Because scnsi fforts «n that Huge e market anc 130 f 2 Renew Ope ty ended x!l o newed thei t Predic- d cross opped below the moveme Motovs w up to meet Steel | < down, and coming | ister than Motors., he acute | 3 1d its effect on Colorado 70 it was down 9 of Frid zave way industrials. This true of the better h_as Atchison, Chesapeake & ading, Union Central. In | rie and Mis- el | > sharply. At from the 1 nad shares the almost g of stock: Atlantic Coast_Line, ©Ohio, Lehigh Valley, Pacific and New York the lower-priced group E souri Pacific were wek. General Motors Weakens. al Motors started in a point and scemed farly good in the early transaction: kened, however, when the re: of the market was breaking, but wa ever under such heavy pressure & teel. Curiously enough, the inde- pendent motors received scant atten- tion. For some reason, cfferings in of the list were moderate. .1 run of industrials were ithout exception dcwn Houston Oil, General Rail- 1 and Westinghouse Elec- tr down with the rest. Rossia_Insurance performed also as spectacularly as on_ F . but this time all in_one direction. Around 150 it was off over 22 points from the preceding close. The sclling grew in volume and| effectiveness as the end drew near. Steel lost another point. The rail- road shares were still under pressure while Houston Oil extended its loss until at 138 it was down cver 5 points. The ene almost harply. way S| Markets at a Glance N Ros: Bonds Stocks irregula 27 point; new issues, exchanges ers touch another Cotton highe Sugar featur ; restricted Santos rece W YORK (@), Wall Street Features EW YORK, October 29 cial)—In view of the sharp in prices Friday, not a few stock market commentators today re ommended purchase of the better grade issues on any further decline. These same authorities a week ago were emphatic in their advice to liqui- date accounts on technical rallies. 1t was contended, however, that a break of from 5 to as much as 40 points had gone a long way toward correcting n unfavorable technical market con- dition and had placed the first-class vidend paying common stocks at a level where the yields were more at- tractiv ance, h is being rzin besides, 515 per s$ than 5 ing around | (Spe- break per cent 160. Reo Motor. One of the low-priced motor stocks has commanded considerable attention during the past week is Reo Motor. Preparation for transferring 4 curb issue to the big board usual is preceded by an upward movement ock concerned, but in th appearance on the Stock near future, the demand been for o otor in A ust 0 per cent h in 19 nge in ppears r reasons. Reo reported shipmen r than those for the September schedul been well maintained, and b e of the high 1 of operatior Reo is expected 1o show net for the | full year equal to approximately 1.75 | common are. Of this amount more than 1.50 is expected to be de- | rived from latter ar operations. | FOREIGN EXCHANGE. W. B8 Hibbs & Co.) | i Selling hecie wdav. | $1.86% i | 001414 | bills ..3nd, taly—De Denmark, Spain, Poland, 11.25 Jugoslavia v 62 Japa 11.98; COTTON GOODS SLOW. YORIK, October kets closed th un d. Print at 85 for G4x60s Raw silks were week quoted RUBBER ADVANCES. YORK 29 (Speclal), I of & eent to with Oct ed a quart ay to a | Am Hide & L pf. | AmWWks pf(6). | Am Woolen. | ConsolG Open Hizh Low Close Abitibl Pow (5). 130% 1304 129% 129% Abrabm&Straus 104 1041 103 Adams Exp (6). 163 163 163 Adv Rumley.... Ahumada Lead. Afr Reductn(17) 1 Ajax Rubber. .. Alaska Juneau.. 1% 1% Allied Chem (8) 144% 144% 14 Allied Cm pf (7) 1224 122% 2 Allts Chalm (6). 110% 110% 110% 110% Amal Leather, 1% 12 Amerada (2). Am Agricul Chm Am Agri Ch pf.. Am Bank N(13). Am BK N pf (3). Am Beet Sug pt. Am Bosch...... Am Br Sh (§1.60) AmCan (2)..... Am Car&Fdy (6" AmC & F pf (7). Am Chain pr (7) 101 Am Chicle (3).. 70% AmChic pr pf(7) 103 Am Drug (8ie). 14% Am Express (6). 170 Am & For Pow.. 25 Am&Fo Po pf (73 105 Am Hide & Lea. 11 57 ™ 7 101 T0% 103 14% 17; | 14 23% 10102 11 571 58 105 1% Am Ho P (240). American Ice(2) Am Internatl(2) Am La France. . Am Linseed. Am Linseed pf.. 56% 5 Am Locomot (8) 101% 101% 100 Am Machine (2) 155'% 155% 1 AmMa&Fy pf(7) 1 1954 Am Metals (3).. 40% 40% 40% AmPo& Lt (11) 67% 67 66 Am Radiator (5) 129~ 129 127 Am Ry Exp (6). 98% 9 Am Republic.... 41 41% Am SafetyR(38) 62 5 Am Ship & Com. Am Smelting (8) 1 Am S & R pf(7). 1 Am Stl Fdys (3) Am Sugar (5)... Am Sumatra Am Tel & Ca (5). Am Tel & Tel (9" 1 Am Tobacco (8). 160 1603 16 AmTobaccoB(8) 160% 160% 1 Am Tobac pf (6) 1157 11 Am Type Fo(8). 126 Am W W (m80c) 61% 100 21% 534 22 50% 6 u 195% 401 6 127 99 RIS 56 1601 1 1305 1 4ity T8 613 13 781y 604 [ 100 211 100 Am Woolen pf Am Writ Pa ctfs Am Wr Pa pf cfs Am Zine... Anaconda (3). 45'% Archer-Dan (3). 7 ArmourDel pf(7) 83% Armouroflil(A) 10 ArmourofIll(B) 5% Armour 111 pf(7) Arnold Con&Co.. 26% Art Metl (132).. 25% Asso Dry G (214) 46l Atchison (110).. 183 AtCL (18%).. 183 At Gulf & W/ 334 AtlGulf&WIpt. 83!% 33% 33% Atl Refining (4). 114% 114% 114 Atlas Pow pt (6) 103 Atlas Tack..... 7 Autostrap A (3). 4. Baldwin L (7) Balto & O (6)... 116% 11 Balto & Oh pf (4] 79% 79% Bambear pf(63%). 109% 109% 109% BankofMan(16). 556 Bang & Ar (3%) 68% 681 Bang & Ar pf(7) 110% 1 Barnsdl A(b233) 223 Bayuk Cigars... 90 Beech-Nut (13). 6314 Belding Bros (2) 21% Best&Co (3)... 51% b: Bethlehem Steel 49% 493 Beth Stl pt (7).. 115% 116 Bon AmiCl A (4) 64 64 63 Booth Fisherfes. 4 4% 4w Briggs Mfg Co. 2; 21% 20% Bkin-Edison (8) 175% 175% 173% Lklyn-Man (4).. 54% 55 54lp Bkin-Man pf(6). T8% 784 T8 Bklyn Un Gas(5) 124 124% 123Y 123y Brown Shoe (2). 46 46% 46 Brunswick B (3) 33% 38% & Brunswick Ter.. % 7% T Buff Roch&P (4) 81 81 81 Burns BrosA (8). 103% 103% 10314 Burns Bros (B). 18% 18% 18l Bush Term (b8). 64 64 63% Bush Ter de (7). 106 106% 1 Butte&Super (2) 8% Butterick (g2) 45 Byer & Co. . . Bl 82 By-Products (2). 71 T1% 7l Calif Packg (4). 63% 63% 63y Calif Petm (1).. 21% 1% 21% Calumel & Ar (6) 1% ¥2y% 0% Caiu & Hecla (2) 16% 16w 16% -an Dry (13%). 4Th 474 Can Pacific (10). 1874 187% 1845 CaseThreshg(6) 164 P Cent Alloy (2)... 25% Century Rib M.. 13 Cerro dePas (15) 62 Gertain-Teed (4) 51 Certo Corpn 13% 65 Chand-Cieve. 5% Chase Nat B( Ches & Ohio (10) 205 C& O Corpn (3). 0% Chi & Alton. T Chi & Alton pt. 10% Cii & Last 1l.,. 41 Chi & Bast 11} Chi Great West., Chl Gt West pt. . Shi Mil & St P.. Chi Mil & StP pg CM&SLP efs. C M&SLP pf cfs 8 28ly Chi & Nwn (4).. 88 Chi Pne Tool (6) 126 Chi Reck Is (5). 103% 103% 101% CRI&EPPL(6). 102 102 1oz Chi Yellow C(4). 45% 4 Childs (32.40).. 53%a 55 Chile Co (2%).. 50 6 45 47 83% 10 6% 62 3 47 83% 97 674 110% 90 63% 214 51 48Y% 116 Y 48% 115% 205% 202! 8l 80 T T 10% 10% 41 40 73 12% 123 2T 28% 15 15% 28 28w 147 14% | Chrisu B (1.20)., Chrysier Cor (3) City Stor A (33%) City Stores (B).. Ciuett Peab (5). oca-Cola (5). oilins & Atk(4) Col Fuel & iron. Col Gas & L1 (6). 5014 b3 B3l 121 93 50% | Col G&E pf A (6) 1075, 107 1077 Col Carbou (4) 95% 19 Y6 9dy Com Cr pf (f%). Com Solvents(¥) 161 Com Powr (2%). 67 Congoleum-Nair 1313 Cong Cgrs(1414) Con Cigars (1).. 75 1801 Gas (5).. 110% 1107 110% 5 pE5) 99N it Bakg A (4) it Baking B. . Cont Bak pt (8). Sont Can (5).... T4k Cont Can pt(7).. 124 Cont insur (6) 17 Cont Mont (sv¢). Corn P'rod (1), Coty Inc (5).... ucibleSteel (6) ba Cane Sugar Cuba Cane Su pf Cuba Company.. 9% 92 744 124 124 L2T% 224% & | Cuban Am S (1). Cudany Pkg (4). rtiss Aero. ... Davison Chem. . Del & Hud (9).. Devoe & R(2.40) Jodse Bros Cl A Dodge pf (1).... Dunhili Int (4).. Dupont (1934). . Duguesne pt (7) [Eastman (18)... 1 Liaton Axle (2).. tisenlohr & Bro. AuloLt (16%) | istectric Boat. .. Elee Power & Lt tilec Refrigeratn L1 Stge Bat (16) 1snd John (5). 2% Iingineers Pub 8 38 Engnrs PS pf(7) 106% 106 uit Bldg (7).. s8% 89y e RR... 6l Gl 60 60 58% 5 311 31 8% 38% 1804 180% 1774 BT BT BTh 14 14t 145 60% 6L GO 9 59 06 106 0% 59 = 591 ErieStms cfs 2% Bureka Va f14% Fed Ligt(h1.40). Fed Min pf (7).. | Fed MotT(f80c). Fid Phoenix(4). First NatS(1%). &5k Rubber, 18% 170 2 | Gen Ciga o H 63% | | Flelschmann (3) Fox Film A (4). Freept-Tex t4% Gabriel Sn (334) Gen Am Tnk(4). Gen ATC pt (7). Gen Asphalt. (4) n Elec (15).. enlilec sp(60c) Gen GasA(01%) Gen Motors. Gen Outdr Ad(2) | Gen Ry Sig (5). Gen Refrac (3). Gillette SaR(15) Gimbel Bros. ... Gimbl Br pt (7). dden Co. . ilidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) | Goodyear Tire. . Goodyr 1st pf(7) 1 Gothm S H (215) Gotham H pf (7) otham new 2% Granby Con Min irt North pt (5) Gt Nor pf efs(5) GrtNorO (1%). Grt \Wes S(2.80) | Green Canan. { Guantanam Gu M & N pf (6) | Gulf States Stes HacknskW(114) { Hanna 1st p 1 Hrtn B b10% stk. | HavEl Ry pf(6 {Hoe & CoA..... | Hollander & Son ilomestake (7). | Houshld P (33) | Houston 01l Howe Sound { Hud Man (235). 1 Mot (5) : Hupp Mot(1.40). | Lilinots Cen (7). { Indep Ol (1)... ! Indian Mot (1%) n Mot pf(7) n Reflning. indian Refg ctfs | Ind Ref pf(7). .. { Ingersoll R(4). Inland St (2%).. | Inzersoll pf (6). Inspiration Copr. InterboroRapTr Int Bus Ma (4).., Int Cement (4).. { Int Com Eng (2) Int Comb pf (7). | Int Harv (56) IntMtch pf(3.20) Int Mer Mar pf. Int Nickel (2)... Intl Paper (2.40) Int Paper pf (7). Int Ry Cent Am. | Int Tel & Tel (6) Intertypeit11s), Island Creek (4) Jewel Tea...... Jones Bros Tea . % | Jbnes & Lan (7). Jordan Motor... Kan City South.. Kayser J (4). Kelly-Spring.... Kelly Tire 8% pf Kennecott C (5), | Keystone T & R. | Kinney pf (8) | Kresge (1.20)... | KressS H (h1).. | Laclede Gas (12) Lago Ofl (75¢).. | Lambert Co (5). | Lee Tire & Rub. i LehighVal(3%). Lehn & Fink (3) Life Sav (1.60).. Liz&MyrsB (£4) Lima Loco (4).. Lig Carb (3.60). Loew's Inc (2). Loft. . Long Bell A (4). 2 | Loose-Wil(1.60) Loose-W 1st (7) Lorillard Co Louisiana Oil La Oil pf (6%). LouisGasA(1.i5) Mack Truck (6) Mack T 1st (7).. Mad Sp Gar (1), Mallison & Co... Magma Cop (3). andel (23). Man Bl Sup (5). an Elev gtd(7) arket St prior. land Oil. .... Mar Rock(1314). May Dept S (4). Maytag (+2%).. MetroG pf (1.89) Miami Cop (1).. Mid-Continent. . Middle States. .. Midland pt (112) Miller Rub (2).. Minn & St Loufs, Min St P & SSM, Mo Kan & Tex. . Missouri Pacific. Missour! Pac pf. i Montana Pow (5) Mor®gmry W (4), Mother L' (50¢). Motor Met (3.60) Motor Whi « Mullins Body | Munsingwr (3). Murray Corpn. . Nash Motor(15). at Acme (sta). Nat Rellas Hess. Nat Biscuit(17). Nat Cash R (A)3 t City Bk (20) Natl Dairy (3).. at Dept Stores. at D St 1st (7). at Distillers. .. at Distillers nt at Pw&Lt (80c) at Surety (10). Tea (4).. Nevada C(1%) ¥ Air Br (3). Y Cent (8). ‘entral rts. L(6).. NY Dock.... VH & Hart. cH pt(7) t& W (1), | Norfolk South. . | Norf & W (8)... { Noram b10%stk North Am pf (3) North Pae (5). Nor Pac cfs(5) Norwalk Tire. .. Ol Well Sup.. Oil Well S pt. Omnibus. .. .oree Omnibus pt (8). Orpheum Cir (2) 1 Ouis Elevator (6) Otis Llev pf (6). OUis Steel., | Outlet Co (4) Owens Bot (C15) Pacitic Gas (2). PPac Tel & Tel (T) | Packard « 90). Paige Motor. Pan.Am Pet (4). Pan-AmPetB(4) *an-Am West B, anhandle. .. Parmt-Fam (38) Park & Tilford.. Pathe Exchange. Pathe I5x A (4).. Patino (a2.10). Peerless Motor. . | PennDix Cmt(z) Penna R R (3%) Peoples Gas (8). Peoples Gas rts. Peoria & East. Pere Mara (18). PhilaCob % pf(3) Phila& RC1 Philip Morris Phiilips Pet (3).. Plerce-Arrow, Dierce Oil.. Pierce Petrom., Pillsbury (1.60). Pillsbry pf(6%) PitsCoal.... ... Pitts Ter pf (6). Litts &W va(6). Open 65 71 89% 38% 561, 110 844 67t $3% 43 84 29% 25 14% 26% 2 168 24% 5 43 42% 53 108 102% 81 1% 19% 25 57 4 18% 82% % 37% 144 427% 6 6 2. 90 217 163 15% 01% 111 3 184% 32 106 12% 87 254 136 119Y 75 4% 8% 4134 150 45% 10 a6%% a7 19% 10 106% 131 2514 20% 40'% 95 Y% By 3244 106% 51 80 ldln High. Low Close. 66% 65% 65% 71 ki 9014 88% 38% 57 110% 84 120% 144 24% 3 43 4z 517 107% 102 80% 12% 87 B2% 1064 5l 50% 5115 a0 80 80 lalfs 141 14l 106 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. High. Low Close. 113 1% 1% Open 112% 63 "% ¥ % Postum (5)..... Pressed Sti Car. Prod & Refiners. Producers&R pf. Pub Serv NJ (2) Pullmn Corp(4). Punta Aleg Sug. Puge Oil (72). Purity Bak B (2) PurityBak pf(7) Radlo Corp of A. Reading (15)... Reading 1st (2). Real Silk Hos. .. Iteld Ice Crm(3). Rem-Rand 11 60. Rem-Rdlst (7). Rem-Rd 2d (8).. Rep Ir & 3t (4). Rep1& S pf (7). Reynolds Spngs. Rey Tobac B (5) Robt Rels & Co.. Rossla [ns (6).. Rossta Ins Co rts Royal Da3.13%. Satety Cable (4) St Jos Lead (13) St L & San Ft8). St L Southwest. Schulte (3%). Seabd Alr Line.. Sears-R (n214). Seneca Coper. Shattuck I G (2) Shell Tra (a2.41) Shell Un (1.40).. uber The (5). Simmons Simms Pete. Sinclair Ofl, Skelly Oil (2). Sloss-Shef (8).. Snider Packg Co. So Por Ric S(£2) South Por pf(8). South Calif Ed.. outh Dairies A. Sou Dairies B... South Pac (6)... outhern Ry (7) Spear&Co pf(7). |SUG&E (3%). Std G & Ep¥ (4). Std Mill (5).. StdOiICal(128). Std OILNT t1%) Std OFINY (1.60). terlingP’ro(i7) Stewart-War (6) Strom Car (2)... Studebaker (5).. Submarine Boat. Sun Oil (11) Superdor Oll. Superior Steel. .. Symington Cl AL, Tenn Copper (1) Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. ... The Fair (2.40). Tex PC&O(60c). Tex Land Trst n Thompson (3.60) Tidewatr As Oil. TidWASOLpf (6) Tide W Ofl pf (5) Timken (15) Tobac Prod ( . Tobac Prod A (7) Transcont Oil... Transue & Wil. . Twin City R (4). Underwood (4). Un Bag &Paper. Union Carb (6).. Unlon O11 (12%) Union Pac (10). Un Pacific pf(4). Unfon Tank (5). UtdCgrsSt(C8ee) United Drug (9) Utd Frult(15%). | USCIP&F (10) U S Distributing US Dist pt n(7). S Alcohol (5). S IndAlf p£(7) Hoffman (4) Leather w 1. Leather A Realty (4).. Rubber..... Rub 1st (8). 6 u U u u U U u u S s s S s S U S Steel pt (7). Uni Pic 1st pf(8) Univ Pipe(t23%) Uni Pipe pf (7).. Utl P&Lt A (e2) Vanadium (t4).. Van Raalte Victor Tik Mch.. Victor cv pt (6). Vietor pr pf (7). Va-Caro Chem. . Va Iron Coal & C Vivadou (8).... Vulcan Detin.... Vule Det pf (7). Wabash. Waldorf ( ; Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Pic A... Warren Bros (4) WarF&Pipe Cor. Web&Hell p£(7). W Penn El pt (7) West P Po (6)... West P Po pf(7). West Maryland. West Md 2d pt. West Paciflc. ... West Pac pf (6) . Westhse A B Westinghse (4). Westhse 1st (4). White Eagle (2). White Mot (4).. White Sew Mach Wickwire cft... Willys-Overland Wiilys 0d pf (7) Wilson & Co. Wilson & Co pf.. Woolworth (5).. Wright Aero (1) Wrigley (13%).. Yellow Truck. .. Yel Tr&Co pt (7) Youngstn S&T rates as given &h payments b or rali yearly declarations, herwise notea. extra or special divic latest quar Culess s than 100 sharcs. % i stock. ¥ Pay. 3 Plus 2/50 1o per’ cent ip common quarterly. e Plus when - carne 1 spc 0 of a ehare quarierly m Plus 8% in - stock, D Plus 33 in preferred siock alt of common stock. ci h 163 A tly stoek. one- CONSOLIDATED TEXTILE. NEW YORK, October 29 (A).—Con solidated Textile Corporation had net profit of $280,395 for nine months this ar, equal to 20 cents a share. SHORT-TERM SECURITIES. (Reported by J. & W. Sel & Co.) ~—Noon Tia Asked. 52,1008 1011, acon Associated 01l g Baltimore & Ohio ¢ Pet. Cor. 474 t 1 Pot. Corp. Hershey ¢ Humble G N Short, Lin air C. Oil P Pac R R_Co. O of N.Y. 615 192 Ol of N© J' Bs 1016 5. Ry TREASURY_CEETIFICATES. (Reported by J. & W. Sclig Rate—M: i 59T S 5 | IDL. BANKERS KNOW NEW A. B. A. CHIEF Preston Started Career as| Bank Runner—McCrory Profits Increase. BY EDWARD C. STONE. Several Washington bankers already know Thomas R. Preston of | tanooga, who has just been aent of the American Bankers' ation. He has been attending 1l conventions faithfully for years, was vice president last year {and had previously served as president of the national bank division. Mr. Preston began his | carcer at Tullahoma, Tenn. iner. Later he went to Chatt: and joined the Hamilton Trust & Sa ings Bank as a runner, becoming in turn, bookkeeper, cushier and finally, ident. 05 Mr. Pres s brother and associates d the Tlamilton National Banl nooga, becoming president of this institution also. The success of this banlk is evidenced by the fact that it has increased its capital several since its foundation, | Mr. Preston is active in 2 number of | impo 1t enterpr s in ttanoog: | Inpolitics he is an independent Demo- |erat, and he has twice served as dele- ite at large from Tennessee to the itional convention of his party. He i member of the Mountain City Club, Chattanooga Golf and Country b and the Bankers' Club of New York, and is a thirty-second degree Mason. He is married and has two ildren. His home is Missionary | Ridge, Chattanooga. banking as a run- In Schwab Starts Car By Wave of Hand Over Silver Globe ! By the Associated Press. W YORK, October a wave of his hand over sphere, Charles M. Schwab yester- day started and stoppec auto- mobile at the automobile meeting of the Iron & Steel Institute, of which he is the new president. Tho secming miracle was ac- complished in connection with an address by S. M. Kintner, man- ager of the research department of the Westinghouse Electric and Manufacturing C; chwab looked quiz: automobile as it el forward when he waved his over the globe and stopped at his se ond wave. “If only this company would in- vent somethin ise the price of steel,” he WHEAT HAS UPTURN IN TODAY’S DEALINGS | Prices Go Higher After Wavering Start—Weather in Northwest Bullish Factor. By ilvered ally at the By the Associated F b CHICAGO, Octobe ed upward in pric wavering start, ed with unloo verpool, but we: orthwest w 1| onditions e less favorable, about advers developments in Argentina. Opening unchanged to 1; off, wheat soon scored advances all around. Corn started at % decline to 1 gain and later showed | Lower Insurance Costs Urged. Tn making a plea for a reduction in insurance costs, William_Mont- head of the Acacia Mutual tion, said at the Dallas “In the early days of life insurance when the business was small and little | understood, when the country new and was subject to epidemics, | such as smallpox, vellow fever and others, when property values and in- terest earnings were mot stabilized, when mortality tables to prove their suffi- ciency, it was fitting and proper t the companies should charge a prem j um large enough to provide against unforeseen cotningencies. But in this day and_generation, with the mortality tables having been proved more than sufficient, and that notwithstanding the greatest war of all time and the flu simultaneously; with property values stabilized, and the possibility of epidemic removed, there would seem to be no good rea- son for the system of continuing to | collect from the public a larger pre- mium than is necessary to guarantee stability and perpetuity, vet s is just the system being pursued v _the mutual companies toda Montgomery declared that it is that an endeavor is made h dividends to return this ov t a future date, but, he aske . | why collect it in order to return i a matter of fact,” the Wash- ington life insurance man asserted, “it impossible for any company to all of it. The agent gets his share in commissions, the State gets its share of taxes, and there is the home office cost attendant upon col- lecting it, accounting for it and re- turning it to the policyholders.” McCrory Stores Profits Up. McCrory Stores Corporation reports nine months ended September 30, net profit of $1,396,610 after ex- “ederal taxes, etc., equivalent, after dividend requirements on pre- ferred stock, to $2.60 a share earned 55,899 shares of combined no par class B and common stocks. This | compares with $1,203,859, or $2.30 a share, on combined stocks in first nine months of 1926. Net profit for the September quar- ter was $452,492 after above charges, equal to 82 cents a share on combined stocks, as compared with $627,577, or $1.19 a share, in preceding quarter ind $436,684, or 83 cents a_share, in ptember quarter of previous year. Virginian’s Earnings Unchanged. The Virginian Railway reports for the nine months ended September 30, 1927, surplus of $5,087,550 after taxes ~ |and charges, equivalent after allow- ing for dividend requirements on 6 per cent preferred stock to $12.24 a share earned on outstanding 81 shares of common stock. This com- pares with $5,079,403 or $12.22 a share in same period of previous year. Norfolk Southern’s Earnings. The Norfolk Southern's latest re- port to the Interstate Commerce Commission gives the following com- parisons: 1927 $749,536 8,223 1926. $825,619 139,603 7194817 7441715 1,334,361 1,363,745 Bankers’ Council Has Meeting. The District Bankers' Associotion Council of Administration held a meet- yesterday afternoon at headquar- resident W. W, Spaid reported routine matters were di cussed although wide interest is being mani tivities of the organization which sre now un- der way. Porto Rico Bond Issue Awarded. Crane, Parris & Co., local investment bankers, and several other associated firms are awarded a $2,000,000 issue of Porton Rican bonds, bids for which were opened yesterday at the office he Bureau of Insular Af in the % rtment. The successful bid . The other firms partici- pating are White, Weld & Co., brook & Co., W. IL Newbold’s Son Co., Stein Bros. & Boyce, and the Fletcher Savings & Trust Co. Richmond Rediscounts Lower. Rediscounts of the Federal Resery Bank Richmc:d on October were 000 lower thi. a week pre- busly and $14,287,000 beiow the com- e week a year ago, aggregating 7,579,000. Bills bought in the open arket, however, made a new high for years at $43,247,000. A week ago bill purchases amounted to $38,053,000 and a year ago only $13 000, Other Financial Notes. Most of the delegates from Wash- inston to the A. B. A. convention at | Houston are expected home by Mon- . Bankers have already indicated t next year's convention at Phi delphia will draw a record delegation from here. For the first nine months of the year the Childs Restaurant Co, $2.01 on common, compared with §2.47 for the same period last year. The movement of holiday goods v has begun, according to the Kly review of R. G. Dun & Co. Sept. gross. | Net op. inc. 9 months gr« Net op. inc. . TONNAGE RATES DOWN. NEW YORK, October 29 (4).—Ton- n: e rates for puddlers and finish- ers in the Youngstown area for No- vember and December show a drop of rer cent from the September-Octo- ber New business in sheets and strips from the Ford Motor Co. ig still reported to be in unsatisfactory vol- ume, but requirements are expected to increase gradually. FAILURES INCREASE. _NEW YORK, October 29 (P).— xperience had not tested the| I ¥ | | upturn. Oats were firm. rovisions went higher. Word of excessively cool tempera- and light frosts in Argentina a decided advantage at times to- ends of higher prices for sides, in_the face of un- xpected setbacks of wheat values at Liverpool advices were at hand that arrivals of wheat in the principal Suropean countries are boing easily hsorbed and prediciions were reite ated that much overseas wheat and | ve woull be neaded this season in | rmany. Meanwhile, unsettled her hoth sides of the Canadi ne were threatening to hamper the movement of new Spring wheat. Corn prices were responsive today to indications of export demand as well as unsettled weather over the corn belt. Husking returns continued to prove disappointing. Illinois in- | stances were cited of 30-bushel vields | on land that has produced 7 | bushels, Baltimore Markets BALTIMORE, October 29 (Special). | —White barrel, 1.50a3.5! rel, 1.50a2.00; y beans, bushel, 1.00s beets, 2.00; brussels sprouts, quart, auliflower, crate, 1.00a2.75 100, 2.00a4.00; celery, ci kale, bushel, 5a30; 8, 2.00a3.00; lima beans, basket, 1.00a. weet potatoes, barrel, 1.50: 10a20; carrots, t pumpkins, parsnips, basket, 4025/ bushel, 25a50; ‘cabbage, bushel, tomatoes, basket, 40a90; green, 20a40. basket. 23a75; barrel, basket, 1 oranges, bo hel, 1.00a3.00; kieffers, bu- shel, 40a60; quinces, bushel, 1.25a2.50. -y Farm Products, Live poultry—Turkeys, pound, 35a Spring chickens, 2. 5; Leghorns, poor and thin, 17a18; old hens, Leghorns, 15a16; old roosters, ducks, 22a24; small and poor, pigeons, pair, 20a30; guinea | fowl, each, 40a90. Eggs—Receipts, 2,269 cases; native and nearby current receipts, in free cases, dozen, 40ad2; strictly fresh, dozen, 45. Butter—Good pound, 45a4 | to fancy creamery, prints, 4 blocks, 48a51; Iadle 38; rolls, 3332a36: store packed, 331; dairy prints, 33%a 36; process butter, 41ad2. Hay and Grain Prices. Wheat—No. 2 red Winter, export, 1.34%; No. 3 red Winter, export, 1.31%; No. 2 red Winter, garlicky, 1.33%; No. 3 red Winter, garlicky, export, 1.30%. Corn—No. 2 yellow cob corn, old, 5.00: nominal. Oats—No. 2 white, new, 67% asked; No. 3 white, new, 5 ed. Old oats selling 2 and bushel over new oats. Rye—Nearby, 95a1.00. v—Receipts, 18 tons. New hay is arriving in only limited quanti and in somewhat limited quantity. It is, therefore, not being officially graded nd sells strictly on its merits, within | ange of 14.00a16.00 a ton, timothy and grade: Str 0. 1 wh ton 1 oat, 13.00: 5 domestic, 98; per barrel, . 10.00a11.00 per 14.00. Have You Been Stung Yet? Some men have to get stung good and hard befcre they learn to be cau- tious in making investments. Before you i “est—investigate. GERMAN BONDS AND STOCKS. pecial Leased Wire to The Star. IW YORK, October 2 Bid. Asked. Red Loan with draw ctis att per'100 ROM..... 5500 60.00 3 Loan it draw etfs per 1.000 R M. Quoted "in’ do 4148 101 ed_in” dollar Elec 41, s Line 4158 Lioyd 4ys. 2000 30.00 (Quoted i (Ger 2000 | a0 Hewlen Chem 10.00 Mercur Banlc ) 14100 ) The Mutual Serial Building Association Organized October. 1892 Under Government Supervision Subscribe NOW for stock in ! the 36th Series | Shares $1 Each, Payable | Monthly 59, Interest paid on your savings John Finn President Thomas E. Petty Secretary 1421 You Street N.W. J. Walter Stephenson mmercial failures in the United ates this week are put at 461 by R. Dun Co., lealnni 410 the week be- e 1] Treasurer 806 7th Street S.W. | By the Associated Press | lated by prospects for a cold wave in | end of the first hour, or about 35 to | FINANCIAL. COTTON ADVANCES ON WEATHER NEWS] Week End Covering Is Fac-: tor—Selling Absorbed on | Moderate Setbacks. We Will Finance' Your First Trust Loans To Run 5 Years No Curtail 5%% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 | NEW YORK. October 29.—The cot- | ton market opened steady today at an | advance of 18 to 28 points and im-| proved during early trading on active covering for over the week end, stimu the South. Realizing, with further Wall Street and Southern selling on the opering advance, was readily absorbed on moderate setbacks, December selling up to 20.42 and March to 20.70 by the | F==————— 7] First Mortgage 10 points net higher, Loans Private cables from Liverpool re- ported continental buying with local | and London liquidation supplying the demand. | ‘Phe amount of cotton on shipboard | awaiting clearance at the end of t week was_estimated at 157,000 bal gainst 257,000 last year. B., C. & A. INCOME UP. September Results Better—Nine- Month Showing Worse. Spe Dispatch to The Star. BALTIMC i, October 29.—Improv- re shown in the September atement of the Baltimore, | & Atlantic Railway, a | subsic of the Pennsylvania Bail-| 1508 H St. N.W. road, although the showing for the | nine months of this year is not so |l favorable, ' Railway oper: September was 5,085 over September, 19 railway operating income w: an_increase of § For the nine months, net railway | erating income showed a deficit of 528, despite the fact that railway operating revenues were $1,117,163, a figure $31,335 above that of the cor »onding period last y . BRAKE INTRODUCED. W YORK, October 29 (8).—Mid- land Steel Products Co. announces in treduction of its new mechanical four- wheel brake. The progrdm calls for | pansion of capacity to provide for | daily output of 4000 brakes at the | Cleveland plant and 8,000 daily at the | Detroit plant. Applications Invited at 5%% On Improved Property Construction Loans at Minimum Rates Glover & Flather | | | | | FIRST DEED OF TRUST NOTES On Hand Bearing 613% and 7% Interest In Amounts of $250.00 up See WELCH, Realtor i 15th St. and New York Ave. | 3316 istablished 1899 No loss to an investor in 27 years | I WE FINANCE —all cla!se!‘gg’g:‘?;me—nmd\ldfli Large Loans a Specialty Current interest rate and commission, Higbie & Richardson, Inc. 816 15th St. N.V Mortgage Money Loaned at Low Interest Rates Economie_Conditions Tyler & Rutherford Loan Correspondent Mutual Beneth Life Ins. Co. 1520 K Street Main 475 ;d:thn;lixt Church & Jocelyn St. se, D. C. modern —are secured on Improved Real Estate in the Nation's Capital. The loans on these properties are made only after ) i analysis by our Ap- al Committee of special- ACCRUED UAL S_HANNON -& LUCH S] 1435 K Street N.W. Main 2345 Wesley Conn. Ave. In Nearby Virginia 5 1/2 % Prudential Insurance Co. || Commonwealth Investment Co. 917 15th St. NNW. Phone Main 2623 evy A well-officered, School each Sunday at am. Excellent corps of ~teachers. Send your children—better vet. come your- self. and bring your chiliiren. MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 Sunday 5 Prompt Action | First Mortgage Loans Lowes' Ratees of 'nterest and Commissic Thomas J. Fisher & Company, Inc. e — Don’t Worry About | | That Mortgage —that’s about due, but see us about refinancing it. it fWe make loans on Real Estate in District | of Columbia and vicinity. | 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 | | Ample funds availabie. Lowest Interest and Com- mission. Prompt Service THE COMMERCIAL NATIONAL COMPANY INC. | Paid-Up Cash Capital, $700,000.00 '} Commercial National Bank Bldg. " 14th and G Sts. eals ad acts 3) CAPTAIN BARCLAY made a wager that he would walk one 4 B mile an ‘hour for 1,000 hours. Three weeks passed, then four, then five, without an hour of consecutive sleep, and during the sixth week his strength and nerve were almost gone. Through driving rain, through all sorts of handicaps, he walked on, stiff kreed and sore, but his ;ndltx;ance brought him through to win is bet. In making your investment plans, it :: essential to select a house whose endur- ance has stood the test of time. Thus, the fact that Swartzell, Rheem & Hensey Co. has never lost a dollar for an investor for over fifty-eight years in the First Mortgage business should be ample proof of the soundness and integrity in its methods of conducting its business. This fact is a feat which should be sig- nificant to you when you are about to make your next investment. Swartzell, Rheem & Hensey Co., Mortgage Bankers 72Z151h. M)L\!.W Fifty-Eight Years Without Loss To An Im:'eatbr