Evening Star Newspaper, October 29, 1927, Page 15

SATURDAY., OCTOBER_29. 1927. FINANCIAL. / /BUSINESS VOLUME AND STOCKS DROP High Wage Scales and For- eign Competition Factors in Trade Situation. When You Need a Loan Joseph I. Weller 50, Vith & § W'l W BL ae A'108 and Tnvest 1 NY G used against the stock market, which, | Bordeaux 6s. after an average decline of 15 points | Brazil 63s. since early October, rallied 3 Brazil 7s. Erle conv 4s A ] well ¢ a firm tendency in Apastarént ; E‘fla car:\g{z_lfl 7 United e vernments. The E q ! T g L and then lost ground rapidly Bremen, Stat: Ll fourth 4%s touched 104 for the first ¥ n.. . 1 g var Br Pio | ‘ Home Two very significant trends may bhe | Buenos Alres7s 57 5 A 1054 1B rlleélncrsey olx.s.. i A 3 | time in several woeks. I i ! o abserved in the week's resume of busi- | Buenos Aires 7s 58. 9 5 bl R L o & 114 The losses were chiefly in issues ness conditions during the Summer | Canada 531931.. NG 93" | that have ) i the week months. The firs i Canada 55 1952 RS LA ¢ steady stocks and the manufacturer to Canada 5% 1929 L4 Hud & Man ref bs. business with profit, as prices decline | Con Pow Japan 7s. A ML e En under the urge of domestic competi- | Copenhagen 5sct.. tion for such business as is afloat, [ Copenhagen 5%s 111 Cent ret 4s. . s while wages are maintained at the [Chile7s1943.... 4 Vi same level as when volume was high [ Chile 8s 1941. 5 9 A st 5s 5 4 fan 6 6 rma Ya T 1“1;3;[" s d there was no o n for price- | Czecho 8s 1951 Int & G Nor ad 6s 7 ew Haven convertibles were strong ; cutting in order to stimulate it. Czecho 1%s rets. Int Rapid Tran 5s. as the situation of the road more and The second and increasingly im- | Czecho 85 Int Rap Tr 65 stpd. 105 more fmpresses investor portant factor is one to which the Int Rap Tran 6s 9 ng in the prices of dent of tha Bethlehen Int Rap Tran 7s 2 g ssues was notice wtion referred on Thurs IntRysCA5872.. 6 3% 85 lined 1 point and have now lost plaining the qu DE15%s Nov b: 3% 103'% IntRy C A 6%s rct 3 about half of their recent recovery had ju: Dutch Tast 168 47. 104% Kansas City S 3s. . 67 from In spite of the settlement Grace: “Bus is pei i Finland s £6s45... 3 95% 95% Kan City Ft S 4s... ; B%. 95% 10> ihe Sbuth Amerioan tuide Jargely b d cledits, or Install- | Finland 7s. .. 2 100% e there was no recovery in Armour 5 ment bu If we have to reduce | Framerican 7% 104 I ehlenValcon4iss \ohiiah 010 AEathiae 8 the purchising power OF the wotkdug Jenthis, . Louis&Nash uni 43 The effect of constant large addi- J man it will have serious conse- | French T%s... Louls & Nash 7s... tichis {6 f1o munket for mew issven 1 ot M having a tendency to hold up financ- ow bid | Wage Scale Stays High. oo i g ing that had been arranged for the Gl Ko Cont There is little doubt that the re- o~ = early part of November. lf!_\(ll)\l!ll(‘l”)' markable prosperity enjoved by this BUIET A Lipsiol 4 |the market for many old issues has country sinco 1924 and reflected in sl D | heen cramped by the flood of new age price for indus- MSt P& SSMen 48 908 ¢ wnds, of which the largest proportion Leen due - Mo 9514 weel was in the interest of in- v dau development, in contrast {o Ttaly Pub 7 Ml ST other weeks when it been in be sy o 1 YR haif o the public util | Japanese 45 g1 91y [MK&T prinssA. L R ON CURD HARKET orders secured through easy credit 5 Mo Pac 5s F 77. facilities. The high-wage schedule has | Mexico 4s 10 asntd. 1a Nassau Fl 4s 51 Swift International Goes Forward to New High in \ maintained industry at a swift pace | Milan 63;s. New Or Term 4s Trading Today. Sales FOREIGN BONI T homander o BONDS, FINANCIAL. i'ON, D. C. ‘ Money to Loan Argenti 99 99 Chi Union Sta 6% Rpecial Dispatch to The Star. Australia 58 1957.. 11 97% Clev Term 6%s 15 e earn. | Belgium 638, .. ments published this week of the earn- | Belglum £3 Del & Hud 1strfds 1 95% ¢ mestic bonds. This was accompanied i and Nearby Suburbs in Montgomery County, h ¢ 8- willdEnoe Hng Belgium 8s ng profits. This evidence has been Erie gen 4s... E Y 4 higher grades of bonds holding up RANDALL He HAGNER & COMPANY [ovrew vorx BONDS stock excuanc | NEW YORK CURB MARKET (Sales are in $1 000 FRED T. NESBIT At 51,9 & 6% Interest Lib1st4%s 67 10318 10311 10318 (CM &St Pgn4ls Low. Close e i K AR S F .S Lib4th 4%s 523 1041 10331 104 1 CM&SP cv 58 cfs. 1 Aero Sup Mfz B Money to Loan GET WELCW'S RES Cht & NW 7 L3 105% 105% 105% . Allson Deug, £ Sales. High. Low Closs. 18 95 9 947 Argentl| 2 100% 100% 100 | Ghy & W Ind & I pr P o L & | 4 . as 108 nd cn 48 Am PSS B Shubert, Theat i3 v i Offers to- Make (T . § jolvay aRY 0Nt 0Ky | W YORK, October 20.—With one | Austria 7s... 23 1056% Clev C C & StL bs 104% NEW YORK, October 29.—There ings of American industrics and rail- | Belgium7s19 106% Dol B TG, by a moderate amount of selling in NSl oe X8 o0Vl 0 eddtesmeionyons in Germs Today Italian & ey 5 B s Incorporat ol § A e 3 Received by Private Wire Direct to The Star Ofice. Received by Private Wire Direct to The Star Office Consult. WELCH Realtor 1010 Vermont Ave. Main 002 il Firisrmaps i Lib2d4%s. 18 1003 100 1003 CM&StPrf4y%s, M Sales efore e en :‘mt our US 3% 43-47 5 10120 10120 10120 [ChiNW 4% 3 AlbBucic_Bar vie Secured by first desd of trust on real estate Reasonable Charges (No Extras) cnrtarends. 4 sis ovs svs| and U. S. Government Obli- 3 ARG B Argentine 5s. 1 90% 90's 90% swd. 95 6% 4 A .I;} o S F R e C&WIE%862... BY CHARLES F. SPEARE. ” : striking exception—that of the Gen-|Bank of Chile 6%s. 3; 95% Colo & Sou 4138 99 99 9 were fractional declines today Flrst Mortgage Iloans roads tell a very clear story of re-|Belgium7s 1956, Berle Biolo s 1 Office Building 2 0 Bisiiness: Property t and ¢ were re- MORTGAGE LOAN L()RRESPQNDFN. L —————————— | REAL ESTATE LOANS LOAN SPECIALIS UNITED STATES. i Sales High Low Close lowing el . lomastpanso.. 55" gba bon oo oliowing fs a list of honds and < iz . = A4 stocks traded in on the New Yorl Sales. High Low. Closs |C M&StP 4s 25 cfs. st st s bt MaThor today: INDUSTRIALS. o u piz ISt or nd T Lib3d 4%s. 26 10030 10029 10030 |CM&SP rf4lzsct. h Hold Fi in hundreds High : 4 | High-Grade Issues Hold Firm : H i oz oz 1ot | 110 B A pid 3 Dt ekt Prev .m... wierest and commissian p & N. Y. Ave. Main 43164317 FOREIGN. Argentine6sJu 59. 10 99 99 99 Be 413 100% 100% gations Keep Gains. 7 The New York Life Insurance Company BY CHARLES F. SPEARE. s < 9T 97% Clov Tettn e, .. . Special Dispatch to The Star. S| it ition Stha® At S 93 9 e erai Motors Corporation—the state- | Belgium 6s. ngI‘t i o1, | Cuba RR5s...... % 9T% 9 throughout of list of foreign and do- On Improved Real Estate in the District of Colun.bis duced volume of business and declin- | Belglum 73%s D Rio G West 5s. ¥ some speculative issues, with the Apply - in a mode and there Ji : governn 1321 Connecticut Ave. Telephone Main 9700 DEI5%s Mch 53. 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 A fifily to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 ok Hers O 3§ N Holland-Amer 6. 14 Hers € br \..n \.\1 trial sha Hungary 7138 to our wage scale, mained well above the e« average and advanced ing the two years in v declined, American industry has been stimulated by a great new volume of SILVER QUOTATION S. NEW ‘ORI\. October 29 (P) silver, 5614; .\lf'xm.m dollar: TRUCK SHIPMENTS GAIN. NEW YORK, October 29 (#).—Dodz: Bros. shipped 2,969 Graham Bro: trucks to deale ended October period this year. Orders on h’xnd ex ceed 2,500, ke an 1t had taken the better part of | Netherlands 65 54. 1 4 102 { N Y Cent 4s 98 this year for the momentum of this | Norway 6%s. 6 { to slow down. Norway 6s 194 No one wishes to see wages reduced. | Norway 6s 1944 It is doubtful if they will within the |Norway 6s1952... 10 | present generation return to anything | Paris-Ly-Med 6s.. 24 like the level that existed before the | Paris-Ly-Med 7s., 29 { War, ana especially in the latter part | Paris Orleans 7s... i of the lastcentury. One of the adjust- | Peru 7% { ments, however, that must be made | Peru 8 very soon is that of balancing produc- | Poland 8s. ! tion costs and market prices, for the | Prague 7% | factor of foreign competition will be| ppineibe Un 7s.. ! coming into play more and more as|Rio de Jan 8s 47 { time goes on. It is even now exerting | Rio Gr Do Sul 85. ; an influence in numerous trades which | Rome 63;s. fear to raise their prices because of 1 the ability of European manufacturers ! to put goods down in the American |gejne 7s 42. | market at advantageous terms to the |Serbs Crot Slo Ore Short L rfs 4s. { buyer. Meanwhile, the United States Oreg Short L ¢n 5s. N YCentLS clK’/&u NYChi&StL 5% sA. NYC&StL6ésA. WILL REDEEM NOTES. NEW YORK, October 29 (#).—A. T Baker Co., subsidiary of Collins & '"‘A" s shen o 2 4 gan | Alkman, will redeem on February 1 R TFERNAN. r AmTUL Lt D 28, all its oustanding 15-year se- BY WILLIAM F. HEFFER: G Powe G, 10 cured 61 per cent sinking fund notes rth Pow n.. Special Dispatch to The Star. at 1061z and accrued interest. )KI]\I' }hmr M. 3 NEW YORK, October Lt 1t g L R o) Bt Washington Stock Exchange . sive price Muciuations el ! is continuing to lend large sums to 1045 e the trading on the Curb Exc L 14 Europe to foster industries that event- T it e 1% the clogo Ot the weck. 1t was signit Fen'onln » i S Quallv wil be sharp competitors of | Swiss Confed 8s 112% 112% | Pennsyl 58 64+ . ... % | cant. however, that the principa s R R - SR 2 "l(ll\ Wiggly n. ) ‘Oi .!l Uflll at hH 14 Pittah & I Erie % | Barber & Ross 6 $2.000 at 9614, 3 TRt Nor & Sgen 5s 54., Nor Pac 4%3 2047, Northern Pacri 6s FIRST MORTGAGES others in the United States. Pennsyl 6%8. ... The position of the iron nnd steel | Utd Steam Copen 68 1 941 94% 941 | Pere Marq 1st 5s. ! companies is more visibly unsatis-|Yokohamaéswi.. 3 94% 94% 94} PCC&StL 6s B 75. factory than that of other industrials. Rio G Westecl 4s... They have been fighting each other MISCELLANEOUS. Reading gen 4348.. for some time. What is now required | Am AgriChem 73%s 3 104% 104% 104% IRIArk &L 4%s. { js some statesmanship in the trade|AmSmit&R1st5s 4 102 102 102 |g y 1ngs4s29 that will bring about a stabilization of | Am Smlt & R 6s. 2 108% 108% SILY MeHon bo prices. Neither the United States|Am Sugarref§s.. 12 105 104% St L IM&S R&G 48 Steel Corporation nor the indepen- 72 99% 99% StL&SFpldsA. dents can live on present earnings, 7106 104% StL&SF prIn bs. The market group in the stock market 14 106% 105% changes again were upward. The speculative element. obviously was it ashingion Gas more disposed to come in on the bus e e e N e o National Mtge. & Inv. pfd.—100 at 6%. ing side than to work for a reaction, }s | despite all that had taken place on the 2 ion b e 3 Scoman, B 5 | oI, Grocery Co, p1d—20 at 1023, TO BE LIMITED IN ¢ INCOME Switt International, the company ale bin formed to take over the foreign busi- T R Po(u}r:}iufl Electric pfd. B‘»‘;—lo at 106% —is not a bar to investment. It is the more important, however, ness of Swift & Co., went forward to a 1 siiver 1 "Bros: % Hicos new high for the year under an urgent : b L;ln‘l;:’(;‘n‘éinnahnej—-dhin 100.5 3¢ 100, demand. The more optimistic outloo ; ; W on Gas Light=—10 at 8% for packing companies and the feeling R s SR Nlccs Tr LU § P& & : Ciital Traction Co—10 at 109%. 10 that culmination of the price-cut war : ! Varl 10 LoGibial Traction Co—10 at 100%. 10 at is that composed of iron and steel ehares, which are off all the way from 20 to nearly 30 points from a high of a few weeks ago. However, there are Am Water Wks 6s. Am Writing Pap 68 10 92% . 16 108% 1 100 41 104% 108% 100 9264 104% 108% StL S Wcon 4s32. StLSWilst4s... in South America will mean greatly improved earnings, was responsible for the buying. Northeastern Power featured the public utilities in_point of activity % P & Eppii1lin 09 1. Columbia Sand & Washing as 3 Capital Traction 5s—s3: Chevy Chase Dairy DId.—10 at Money—Call loans, 5 and 6 ver cent. that the surplus funds of the small investor should be safe- guarded against all risk of loss and against all disappointment of income expectations. Our 6% FIRST MORTGAGES conditions in half a dozen other im- San A & Arn P 4 portant lines of business which re.|AndesCop7srcts. 1T | Seab A Lret 4 ect either overproduction or the | AFmOUr&Co 434839 2 0% S97; |Seab A Liadj 5 7 distribution of goods at close-to-cost | Armour Del 8% A 108 {SeabA Licon és.... rices and where the effects will shox | Assoclated Oll & SB All Fla 6835 A.. September 30, disclosing net profit of | 1 'Trico Frod 2 2 i G ter on in smaller dividends. Barnsdall 6s1940.. 3 98 % 97% | Sou Pac 4829..... > $1,035,208 after taxes and charges, § Trumbull $ 0% 09 4 g Ak < Turning to the field of transporta- 107% | Sou Pacific clt 4s.. was in line with expectations and had ' T Over a Third tion we find that gross earnings very 101% | Sou Pacifio ref 4 no effect upon the market for the Tung. § % ; 1 generally are under those of last year 102 | Sou Ry gen 48 stock. This compared with $960,831 gok; Bl 51% b7 K a % oW 1 of a and that due to this same high-wage 101% 101% | Sou Ry Con 58 94.. in_the corresponding period in 1926. a Anacosti; 8 1 scale, the percentage of net profits is 103% 103% | Sou Ry 6856.....+ 119% [ Reo Motor, which is being groomed | running off more rapidly than that of 105 105 | Southern Ry 6%s8.. 126 | for admission to trading on the stock gross earnings. There is nothing | Bklyn Unlon 5%s. 215 215 |merArk FS 51860, 106% | exchange, felt the effect of profit-tak- serious in this, however, for the rea- | Central Leather 6s. 24105 105 105 | Texas & Pacitio st 102% | ing, but the price was well main- son that the railroads have unques- | Chile Copper 58 94% 95 |Third Avead)bs.. 58% | tained. The new Hershey issues con- tionably put back a larger proportion vs 83 83% | Union Pac 1st 4 981 | tinued in demand, the preferred equal- of earnings into maintenance of equip- 106% 106% | Un Pac 4%s 67. 9943 | ing its high of 68% and the prior pre- ment in recent years than was neces- | Cuba Cane cv 78 93% | Va Ry & P b 101% | ferred reaching 100 again. St. Regls sary in order to keep their properties|CubaCanecv8s... 5 97 97 97 |virginia Ry 1st s, 109 | Paper went into new high ground. in good standard condition. They have | Det Edison 5s 40 2 103% 103% 103% 107y | Because of the price appreciation of much more fat to live on than have | Dodge 6s. 38 8414 84 84 |Wabash5%s75... “& shares of other companies in its cate- the industrials. East Cuba Sug 7748 4 102% 102% 102y | West Maryland 4s 155% | gory. it was thought to be selling out - Public’s Attitude Changes. Goodrich 6%s 18 107% 107% 107% w::::;:g.:lflflygz. N ;f-o;l)’o"s?fi:; an earnings and assets|SMt .o 5 10A C Technically the stock market has|GoodyearSsrcts... 14 94% 943 4% | Lifaon nlisdy.), 1 86w 864 864 % RAIL INCOMES DROP. strengthened itself by the decline of 3103 103 103 - CHICAGO LIVE STOCK MARKET Ll NEW YORK, October 20 (P.—A . the past three weeks. Whether it is 5 yot adjusted to the obviously unfay. }gg: | ‘orable facts of business is a question. ICAGO, October 29 (®), (By the ' Having refused to listen to evidence | Illinois Steel 43| 997 LEnC ), By . | decrease of 8.59 per cent is shown . ‘that earnings were not good and that | Int Paper cv 6 107 | United States Department of Agricul- | in aggregate net operating income of ° therefore, the rise in stocks had not | Int Papercvéssta. 2 1074% | ture).—Hogs—Receipts, 4,000 head; :'w bflflt 50 l?fltoadn oto rem:irt ‘:veifl; ptuh’::'emii-e et bén"éf.‘,'fi s?gl;altiosnta‘; :"K-;-erncs 538 packing sows; top, 10.25; bulk better | 35,216. On this basis net for ail ; was bullish. There is certainly not | Kelly-Spring 8s grade, 210 to 300 pound, 9.60 to 10.70; class one carries for the month is Imuch left on which to force prices up. | Lackawa S 58 50. 130 to 200, mostly 8.00 to 9.75; few i:‘:fl:éedsugtx uzggutm ség:),:)&%ggg, WelrdenO805. We “onde;esomethln:; ::wmn‘::cks E::}!Gd:g::‘- pigs, 7.75 to 8.00; selected lots, 10.00 | 1926, e 4 ::‘lglm YVDEPENDEhT OIL STOCKS. I R y® Phen we read that it was | Liggett & Myers to 11.80; most packing sows, 7.75 to > u'yé.'x'fu’.}“ncn Columbia the surplus cash of one group of |Lorillard (P) 5 8.25; light weights, 8.35 or better; CHICAGO STOCK MARKET. 20 Tntercontl Pet 4 Commercial wealthy automobile manufacturers | Lorillard (P) packers, 15.00; estimated holdover, | By Special Leased Wire to The Star. % Leonard oil ot T T § | District that was placed in Baldwin Locomo- | Loulsv G & E 6352 1033 203% 4,000. CHICAGO, October 20.—Following I | 13 RelierFoster' 0/f 104% 104% | Cattle—Receipts, 600 head; com:|qa report of today's sales, high, low| 10 Roval Co tive as an outlet for this capital. | Mid-Con 6%s40. When E. H. ""‘",’,‘,’“,;’",,"’"{ the }xl*m Midvale Steel 5: 0% 9% K;“;;:gr* !):“;L"‘m‘;fi;’vu'f;“’;‘f;’fl mpers 35 |ana closing quotations, on the Chicago | Sales sTA\nAlm om 1SSUES. § d stock: the Union Pa- ’ 6% s p, 17.75, k chang i unita, Rixks Pralin sefppine: o o 1085 up: in-between grades fed steers closed | Bepc’ X ratks 100 Unosebr Mt ... 110, 110 . | 3econd vific owned, he, too, was forced to re-| N Y Edison 68 National " fnvest and in doing so he bid up the | N Y Edison 6% 116% topheavy; very uncven and generally 1300 Humb)e Oil & R 621 ‘; prices of many railroad shares to a|NYGELH&P5 109 25 lower; Western grassers, 50 up; Am et A~ b i i 760 1l P 173 ll,g;;;« THUSE GOMPAN Javel which they have never since ap- % 100% fat cows and heifers, 25 to 50 lower: 8 ? °80 Ind 9, il Amal ey & Trus ¢ oached. 1t is this writer's belief that | 3 % 108% heifers mostly 50 off; bulls steady to | 1¢ tate, K 2% bt G Ld 43 Gl 413 derciinty, D those who sold Baldwin Locomotive to | North Am Edlis 58, 101% 101% | weak; vealers, 1.00 lower; fed year- A b . B 1 Savink; 6 gentlemen who had more money | Nor Ohio T & L 6s. 100%4 lings, weak, choice steers sell- r Pl Gk b Wash. Loan & Frist’... than business judgment will be the | Nor States Pow 5 % 101% lings, weak, hoice steers, all ity . i : ones to profit most from this bargain. | Pac Gas & El bs 102% weights, selling at 11.65 upward; steer SAVINGS BANK. This I8 not un isolated incident from | Phila Co5%s 38. 103'% 103% | market highest on record for peace 5! the stock market history of the past | Public Service s 107 time; most range steers, 10.00 to 12.50; year and a half. For this reason, and | P Serv Gas 5%s 69 105% b er:‘t{nr;l]nxn up to 11.00; heavier in spite of the improvement in inter- s 0 7t market conditions, there may have | Soarar ol so., Sheep—Recelpts, 3,000 head; several e a consideribly largec aifust:| G GOne loads of native lambs steady, 13.75 to ment in et prices to actual values. | Sinclair O117s. 3 5 e Bt B 2y Investment Trusts Are Factor. | SinCrude Oll 6s. e i s Sin Pipe Line 5s. e ey Another influence in the situation | $if P18 o1 range feeding lambs, 14.65; bulk prices, which 1 quite new and cannot yet be | SKelly Oll 6348, bulk Western lambs, 13.50 to 14 pe! i accurately diagnosed is that of the in. | 50 Por Rico Sug Ts. natives, 13.60 to 13.85; culls, 1025 to| 7 kmb GEE DIl 76 00 vestment trusts. Many of them have | Southwest Belf bs. 1 11.00; wooled comeback lambs 1V ERD Gih D 108 been formed in the past nine months, | Standard Oit N 3 be 1 to 14.00; fed, clipped lambs, e 2 g simply for the purpose of taking ad- | Su8 East OUents 12.00; fat ewe: 75 to 6.50. . vantage of the publics interest in Tenn Elee Pow £a. Stocks, and, nnder the gulse of a | roledo Edn latTs NEW YORK MARKETS. acientific dummumn of risk, to sell Tnits of bankers' shares” The occa-| S Rub I8t rts NEW YORK, October 29 (). —Flour slon for the sensational advances in | Yo pow & Lt ba. % 1007 | steady; Spring patents, 6.75a7.15; hard A i many instances and bank stocks, a5 | yetiantes Sug 7a, | Winter straights, 6.60a7.00. Rye eusy: s a1 i AOSEVE D s | Foderal-American oid well as in high-priced industrial, rail- No. 2 Western, 1.08% f. 0. b. New York Sithel 9i1h | Lanston Monotype. road and public utility shares which | Warner Sug 7s 41.. 106% and 1.00% o i f. export. Barley| 130 Litty MeNell Merchants) Tran. Jook good in an investment list, has | Westinghouse 6s.. 3 103% steady; malting, 89% c. i. f. New York. 10 Marvel Carby been the reckless buying by some of | Wilson & Co 1st 6s. 101% Lard firm; Middlewest, ~12.4012.50 these trusts which have built a|YoungstnS&T 8s.. 28 105% 105 No iBalés in domeatic ‘wheat at ithe m’a:lal’d‘k:';:‘:L:Yf';‘;l"'l'.;\d:‘at;): 33-‘;13'*. RAILROAD. opening. Other articles unchanged. tions these trusts have created in the | Atchison gen 4s 16 9% 97% market this year constitute its moxt [AtlantieCLel4s.. 10 94 dangerous feature. Ati&Danlst4s48 2 B2y 824 With the liquidation in stocks and |B & O Gold 4s. 96% 9 N, .—Following is the slow march of business there is| B&Ocvdks. 100 ¥ E hig , lowest and no prospect other than that of con.|B&Oref5s. 104y slosing most active tinual easy money. This must eventu- 105 ally work its way into investment 109% gnarkets. 102% The only offsetting element. is that of too great a supply of new securities [ B & O Toledo 8. gor the market to absorb. Just at|Brdwy&7th Av5s sent it looks as though the lssuing Bklyn Manhat 8s.. 3; the same sort of jam that they did last | Canad North 78 June after six months of the largest | Canad Pac deb flotations of domestic stocks and bonds | Can Pac 4% 46. .. on record. Cent of Ga 6s. e Cent Pac 1st 58 90. WILL REDEEM BONDS. Chesa Corp 58 wi.. Ches & O gn 4 %s. NEW YORK, October 29 (8).— Chi & Alton 3%s tional Acme Co. will redeem on De- | C B & Q-111dlv 48. O cember 1 all its outstanding first [Ch1 & E 1l gn 53 51 szh 92% mortgage 7% per cent sinking fund ' Chl Gt West4s 69, vonds, due 1931, at 104%nd interest, £ M & Puget§4s.. 6 H nnd established a new 1927 top at 25. The report of Consolidated Gas of Tampa El n Baltimore for the quarter ended H‘,’,{‘,}';"L‘,:‘P,oh BONDS. Bid and Asked Prices. o Century —stand for absolute safety. In- : Without a :(c:rest is paid yegula_rly when due. b They are available in amounts as Loss 4 low as $250 and may be pur- e chased on the Partial Payment THl Sh it " 4 Y atson J W 3 oDy Prod o Bou LWl BV & ket e 0 0w Plan. Barber & Ross Inc 6% o orh Chestnut, Farm Dairy o w106 S U C O L/h ey l/h ] asen o Btk Hotel 5 s.s & STOCKS. Amer. Tel. & Tel, Capital Traction. E v _THERE IS NO SUBSTITUTE FOR SAFETY P N * ommand 333 Yh 8 M deb s nl. MINING STOCKS. MISCELLANEOUS. Mkt, & lfnm smr % Main 2100 925 15th St. N.W. PUBLIC UTILITY. Washington Gas. Norfolk & Wash. Steamboat. Elec. pfd, Boocw - LA'noVAL BANK National Cavital. 5 Capital & Surplus, $3.000,000.00 Open Until 5:30 P.M. Monday, Oct. 31 and November 1 and 2 A Bank in Which More Than 50,000 Depositors Have Confidence Real Estate Titie, s privilege o Bl Vo i o d every depositor to ask Bartr & o if his bank is Safe, Strong and Well Managed. q The fact that this bank satisfies the require- ments of over 50,000 depositors confirms its reputa!ion for solidity, conservatism and capable direction. EE TR E FNCEICE 500 Vacuum 01l Sales BONDS. in thousands. L Allied Pl f. . P ;"‘i TITLE INSURANC Mfz. pfd. avel id. Szt ?é‘; udah Bet "ty G"*&- B 1(»1% ot Inil 63 ix GG AL \iingon. Sehil 7 m Oll & R 6% ‘airbanks M ‘Tr Tito 5 s -Jneau in i tinean Pow mm-l Invest Gs A Mg- passa BOSTON STOCK MARKET. *Ex dividend. Unlisted Department. (These securities not lisied under Exchange BONDS ) % ALTER HOW l?epo:iu Welcomed Cofx‘nn-l'“s:m'g"if e s AN in Any Amount— Metropolitas ‘Club Same Rate Interest Paid on Large and Small Accounts mumafa S e gosoocTmny ? =2 =“':-==— SE2EES = n en 100 rgia Pow | b 9 1 Bs 197 14 1803 t £ [ eooccecs: 2 >TriT Ss2sessssseres W B SRR 0 ok Biomoh SEEARRES Al stia Bank ChapinSacke oy e S 21 120% 114% 88 100 101% 104% 104% 99% 99%, 101% IOI%- 62 2 Zreo SEEEEC00 <555esd SESSSEE! Safe Deposit Boxes at Moderate Rentals i National Savings & Trust Co. : a8 61st Cor. 15th and New York Ave. Bt Year Oldest Savings Institution in the District of Columbia l.v. Fk, 12 % s = 40 Waukesha, M 130 Yates )(En(-hine . teaB oot - b RO O i REEERRR IR REEL R TR & SR | 10000 cnt Citgcon R 5s m su00 Hougt, Gult, 640107 03 b bt 8847 By » Bo © B = 2 S 2