Evening Star Newspaper, November 1, 1927, Page 15

FIN * LIST GOES HIGHER Best Rails and Utilities Are Firm—Some Foreign Is- sues Lower. BY CHARLES F. SPEARE. 8pecial Dispatch to The Star. NEW YORK, November 1.—Contin- uation of the buying of United States Government bonds today carried all of the long-term Treasury issues to new high prices for the year. The market in them was active and in spite of the fact that the return is now under an average of 3%, per cent there was buying by institutions who expect to see even higher prices and possibly a 3 per cent basis during the period of low interest rates. The gains in this group were from % to 3, which brought the 43¢s up 10 114%, the 4s to 109%, the 3%s to 1063 and the 3%s to about 101%. At the same time the fourth 41;s sold at about 104, where they yield 33 per cent, or % more than the Treasury notes. Rails and Utilities Firm. 1ligh-grade rails and public utilities were also firm, but the fluctuations in them were moderate and transactions were limited by a small supply. The market for public utilities was somewhat better. There were active “movements in North American Edison 5=, International Telegraph and Tele- phone 41;s and Virginia Railway &s. Telephone 4l3s were up nearly a point. Another evidence of the easy money situation was the issue of a 41, per cent coupon by the Penn Cen- 1ral Light and Power Co., which, like many other corporations, is planning to retire its high-interest-bearing bonds. J Industrials wei@ heavy. This ap- plied to such issues as Bethlehem Steel 68 and the Purchase Money 5s, Goodyear 5s, Dodge 6s, Hudson Coal 5s and Armour b3s, the last named having been one of the most unsatis- factory of the widely distributetd in- dustrial issues and apparently in con- stant supply whenever it gets around 90. International Mercantile Marine s were steady at 103. that the company liquidates these In the event | I ANCIAD, Lib3ys... 109 Libist4l%s 21 Lib2d 4¥%s. 13 Lib3d 4%s. 31 Lib ath 4% 318 US33%48-47 1 US3%s... 145 U S 451944, 206 US4%s52, 141 Argentine bs...... Argentine 6s Oct59 Argentine 65 A.... Argentine 6s B Australia 53 . ; Australia 5s 1957. . {Austria 7s... . Bank of Chile 6%s. Belgium 6s. Bremen, State. 7s. Buenos Afres 7s 57 Buenos Aires 7s 58 Canada 6s 1931.. | Canada §s 195 Canada 6%s 1 Chile 78 1943, Danish Munic 8s A Danish Munic 8s B Denmark 6s DE15%s Mch 53, Dutch East 1 65 47. Dutch East I 6s 62, Finland s f 6s 45.,. Framerican 7%s. French 7s. French 7%s, French 8s. German EI Ger Gen Elec 7s. ... Greek 7s, bonds will be paid off at 110. Some Foreigns Lower. In the foreign group irregularity continued in German corporation and municipal bonds, lower prices were quoted for Belgians and French issues while the Italian city 6%s were down about 3 points from their recent high. Considerable activity occurred in Mexican government and railroad bonds at higher prices. Junior rails were irregular, includ- ing Erie Refunding Gs, Seal d Ad- justments, New Haven 6s and Chi cago & Eastern Illinois 5s. There has been good buying of Frisco Prior Lien 4s at 901, where the yield is 4.70 per cent. Consideration of a plan that wil! eventually improve the position of these bonds is being made. Today they they sold under Southern Railway 4s, which occupy a very much inferior po sition in the financial structure of the road than do the Frisco 4s. Wall Street Briefs TR AN SCONTINENTAL OIL.— Transcontinental Oil Co. shortly is expected to announce plans for con- struction of a 425-mile, 10-inch trunk line from Pecos County, west Texas, to the ship canal at Houston, which will be built by a subsidiary, United Producers Pipe Line Co., having a n 1c0 48 04 asntd. Mexico 4s 10 asntd. Mexico 5s asntd Milan 6%s Montevideo Netherland: Netherlands 6s 72, Nord 6% Norway 6% Norway 65 1943 d 63 4 Poland 8s. Prague 7%s. Queenslang Rhinelbe Un 7s.... Rio de Jan 85 1946. Riode Jan 8s 47, Rio Gr Do Sul 8, Rome 6%s. Sao Paulo Ci Sao Paulo 8s Saxon (PW) 7: Seine 7s 42.. Serbs Crot Slo 8s., Solssons 6s. Sweden 53, Sweden 6s. . veses daily capacity of between 30,000 and |Swiss 5%s 19 50,000 barrels. The project will in- volve about $12,500,000, including ter- minal storage, and will connect with the topping plant at the coast. The outlet to the coast would afford a world market, with a wider range of prices. FARMERS' LOAN & TRUST.— James E. Perkins, president of the Farmers’ Loan & Trust Co., New York, has been elected a director of | AT SMIt&R1stse 9 1024 102 the Studebaker Corporation, in place of N. R. Feltes, resigned. Toho Elec Pow Tokio 5s...... MISCELLANEOUS. Am Agri Chem 7%s Am Cotton O 6s.. Am Repub deb 6s. . Am Sugar ref Am T & Tl tr 4 AmT& Tel tr 6 FOREIGN. Argentine 6s Ju 6. 7 +.145 105 103 974 THE_EVENING STAR, WASHINGTON, D. ©, TUES'DAY‘,'NOVEM'BE;R Py A Low 101 15 10312 2931 100 29 104 101 238 106 19 109 19 11419 Toledo Edn 1st 7s. Sug East Orient 7s Tenn Elee Pow 6s. United Drug 6s... U S Rub 1st rf bs.. U S Rub 7%s U 8 Steel sf 6s. Utah Pow & Lt 5s. Vertientes Sug 7s. West Elec 5s...... Westn Unton 6 15s. Westinghouse 5s Willys-Ov 6%s 33, Wiison & Co 1st 6s Close. 10115 103 12 11426 1420 Sales Hieh Low Close 5 90% 90% 90% 99 987 99 99 991, 991 22 100% 100% 100% { 14 992 99 99y 3 9T 9T eTu % Atchison gen 4s... AtlanticC L cl 4s.. Atlantic C L 1st 4s. Atl & Dan 1st 4s 48 43 9Ty 15 106 105'3 4 9% 95 4 g, 9814 " 102% 102 102% 5 106% 106% 106% 8 104% 104 104% 12 114% 1134 114% 12 109% 109% 109's 11 104% 1041 104% 2 9R1 98t 98 26 92% 9215 9214 7 96 9% 954 14 105% 10515 105% 5102 1010 101% 95% 95 95 95t 954 95% 1102 102 1 3 5 106% 1oass 192, | Canad Nortn 634s.. 102 1017 107 | Canad Nortn 7s 105% 959 BKlyn Manhat Buff R& Pitt41; )} 2 98w 12 951% 9515 951 6 100% 100% 100 3 106% 105 105 3108 108 108 1 1081 1084 1081 1 111 7 111 24 104% 10433 14 4% 3105 103 23 3 104% 104% 104% 1 1043 104% 104% 3 95 954 5 1081 10: 104% 106 35 113% 118% 113% 15 110% 110% 110% 6 954 95 95 73 1084 106 106 28100 99% 99 4108 103 103 4 96% 961 964 15 100k 99% 100% 10 101% 1013 1014y Central Pacific 4s. . Cent Pac 1st 58 90. Chesa Corp bs wi.. Ches & O gn 4%s, Ches&Ocv4%s.. Chi B & Q gen 4s 58 CB&Q4%s77B.. Chi Gt West 4s 64, CM&StPov4is, CM&SPev4 e s3zefs CM&StPgn4s CM&SPre 4145 o, CM&StP6s.. Chi & NW gn 33s.. Chi & NW gen 4s., Chi & NW ret Gs. Chi NW 435 2037.. ChiRI&F gn 4s. ChiRI&Preds.. CR1Pac 4%swii. ChiTH&SEbs. g7 1917 | Chl T H ino 6s 60, n Sta 4%s. 39 96k 9an saw |G GR SIS T 9% 914 911 Chi& W Ind cn 4s. 43 101% 101 1014 |C& W 15348 62.. . 1 98% 98% 98%|CCC&StLrf6sA. 28 243 24% | Clev Term 5s. ... 22 244 24 | Clev Term 5% 35| Colo & Sou 434s 91% | Cuba R R 58. . Det United 43 Eriegen 4s. E - rle conv 45 B ol B e g 100% 100 100% 7104 108% 103% | Brie conv ext 7 3 107% 107w 1073 | Erle Geness 6 Erie & Jersey 6s... 4 Il Cent 4% 8.66 1, | Int Raptd Tran bs. 27 9% 99% 101% 101% 101 | fnt Rap e 68 stpd. 24 100 99% 99 In( p Tran €s. 3 961 nt Rap Tran 7s... 1 100 1008 1958 | Int Gt Nor 5a 1956, Int &G Nor 1st 6s. Kansas City 8 6 94% | Kan City Term 4s. Lake Shore 45 28.. Lake Shore 43 31. . 1 104% 104% 104% | L ehigh Val 58 2003 5 9% 99% L &N 41552003. .. 1101 101 101 |pouisg Nashos 102% 19 106 104% 104% | Lov!s & Nash 7s 21 99% 99% 99 | Man Ry 1st 90 20 94% 94 1034 107 107'% 107% 1 103 1067 sroox xennce] | MOVE UPWARD Received by Private Wire Direct to T | UNITED STATES. (Sales are m $1 000 ) Sales Hich Sales. Hizh Low Close Standard Oil N J 58 58 3. 102 2 108% 108% 10! 1001 100's 100's | 10675 071 94 100% 100% 100% 100 10315 112% 103% Youngstn S&T fs.. 17 105% RAILROAD. 9T 100 993 120% 943 1044 99 101% 100% 973 1013 4 10214 101% 79 7 i 101% 101% 92! 913 947, 95 100 95 101% 10415 % % 99%, 4 1041 T1t 99 T4 92% 99% 9% 104% T4 99% * | the COTTONADVANGES ON CURB MARKET i Rallying Tendencies Predom- inate Fise'vhere in List i Today. [ HEFFERNAN. | BY WILLIAM F. Special Dispatch to The Star. NEW YORK, November 1.—Rally {ing tendencies predominated on the Curb Exchange today, but it was the |issues which have been the main | objects of speculative attention that | staod out. It was evident from the action of the main body of stocks that ! speculative opinton as to the future course of the market was considerably | divided The oil shares were by mo means | neglected, and their action during the | | past week or so has left the impres- sion that those who were reluctant heretofore to come in on the buying de were now taking a more opti- ! mistic attitude toward the group as a whole. The outstandng feature was | persistent .demand for Indiana it new high prices for the | vear. Indiana Pipe Line deliveries in | 1 first halt amounted to 4 ha 1. with | Pipe Line 3 earn- - 1927 510 a whicih would compare with have in the nrevious ye For the September quarter directors | maintained the polivy of distributing | the usual $1 a s in addition to the | regular quarte! §1, but the currem! action of the stock re cts the opinion that something additional might be forthcoming at the next imee run I NEW YORK CURB MARKET Received by Private Wire ‘Following is the list of bonds and stocks traded in on the New York Curb Market today: Sales INDUSTDIAL in hundreds, y T'Alb Pick Bar vte 10§ 18 Alb P Bar A * Alliance Ins Alum Co n_pi 1Am Arch Co. JLAm Bak A Gas & 10 110 Gas & El pfd 105 m Hawatian 'SS 14 Pw & L pfd 106 Ravon Prod. 14% Rofling M 791 T Atlas Plyw ) 46 Bancitaly Corp. 1 2 Bohn Alum & Borden Bucyrus 15 Bucyrus Hueyrus 1 Budd n 8 st pid 1 d Co n. n Ist nid 1 Pip Cor cers & 0. L De F R C vie'ef d 1 Dinkl v S n Co Invest Ine. . & L optl war L2 ptd A1 n Pow (o 11 00% B2 Illinois Pipe. Standard of 1Ind Vacuum and Humble were higher Consol ed Gas of the utilitie responding some 3 points to th ; dividend rate from $ annually | by declaration of a quarterly distribu- | tion of 75 cents a share, ~American | Gas & Electric shot forward almost 3 points, and the action of most others left the impression that the public utilities were still attractive as earn- ings and assets propositions. A new high record for American | Rolting Mills common followed declara- | {tion of its regular quarterly dividend, | and best prices for the were | established in Celluloid common and the new Hershey pfd., which Kemsl Millbourn continued in demand at i previous top. INQUIET TRADING Some Reaction Follows Early | Bulge, but Prices Hold Higher. By the Associated Press, | NEW YORK, November 1.—The | cotton market opened steady today at an advance of 9 to 11 points on buying promoted by relatively steady Liver- pool cables. and apprehensions of cold weather in the Southwest. December sold up to 20.40 and March to 20.64, or about 20 points above yesterday's closing quotations, but this bulge was checked by South- ern selling or realizing and the market reached 9 or 10 points from the best by the end of the first hour. Trading was comparatively quiet, being re- stricted probably by the holiday in New Orleans, Liverpool cables said Continental and Bombay buying with trade calling had checked an early decline in the Liverpool market and reported a slight improvement in demapd for cotton cloths from India. The market eased after the initial buying had been supplied, with prices 1 Gobel I Gold Cho Cho pf wi Cho b pf Wi 100 id Furnac lers pid s v Cor rCo N A FIntern Ltil A Intern Util B. 2 Intern Uil pfd.. 13 Johne-Many 1 Kemsley Kroge hain_ Sire et 5&50¢ S “pid 1dl St Prod. . id WUl Mid W Mid W 1T t Rad .. 10 38l el Co % holn” & ‘Sep, 5 2o O P P pid I % Roval Bak 1 Royal Bak & gubhomm 1 Stromb 3 Stutz Mo Direct to The Star Office 2E T of Bldg 6%s va %y 1 Refrig 6s .. 67 I 0, & R 5% 2 061 oxil | 05% Gatineau Pow atineau P 58 N atineau Pow s 1 28 Gen Invest bs A 131 5Gen La Ma_6%s100 7 Geor Pow s, 9K R 100 hm\ 3 100 E‘%! G 4710015 Mmd 0 &G 6 .. UL Ind P & L 58 A Interst Pow 5s.. 96 6 Interst Pow ©s. 98 5 'nvest v 55100 ! g P N 1 Toddo High ¢ 6ot 16 3 Kems & Mills 63146 B Coke bs N Be A & L b 8 3 Leh Pow 5 Lib MeN 0dTg | e | 09 1; 1007 40100 2 0hio P 5s @ Ohio_Pow 16 Pac_G& 20Pa C LP. Ran Tr lips P 515 otomac E B G&E em Ran Richfld 1Schulte R Es 63 961) ) Schul R Est Us x ) SWEP a8 A wi Sales in thousands. { £ Buenos A 4 Buenos A 5 Buenos A * 1C B Ger St s A 6C B Ger St 6 T 1 Danish Con: 24 Dan: Deutsche Ban rst Boh W Pr 635 Cons Mun 5s G ox1f Hambiire a1y a8 1001, i 1001 o4 8% 5Teo 17 10 L Tie b 40 Lomb EI 5M M&S 7s ww 4 Mend ‘7145 51 Merid E 7 BT A 54 Montevideo 03" X i g 4 Rio Grande 7 166 2 Rio Grande 7s '67 5 Rus Gov 614s cfs 1Sanda Falls 5s A 1 45 5" Huo 70748 wa Dot 35 Hugo 7s 46 w P 2 Swise Gt 5lga. - 1013 3Ty Hyd_Elec 7a FINANCIAL. DIVIDENDS. Rata. Fiod. abl d able. (0 31 NYC &S LRI Do. of. o1 3 Pittsbargh St of.1 Studebaker Corp. Ao e Wheatsworth.” Tiic. 8% f (In.)... Pe. Pay. Hidre. of Record. 1 Nov15 2 15 to Loan Secured by first deed of trust on rea) estate.. Prevailing_interest an Joseph I. Weller 30, LOANS We wiil gladly receive and give prompt attention Mortgage Money Loaned at Low Interest Rates Economic Conditions Tyler & Rutherford Loav Correspondent Mutua) Benefiy 1520 K Street Main 475 to applications for Loans on Washington Real Estate Current rates of. inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- MONEY for SECOND MORTGAGE LOANS fomes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 tending over a period of I Thirty-five Years | —insures your protection. ' Percy H. Russell Co. | 926 15th St. N.W. Money Available for FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. [nvesTmenT Banker: Woodward Building Washington, D. C. in 2000 i | Can You Meet | that Mortgage? 7 Maturing Mortgages can be advantageously refinanced through us. 9 Loans made on Real Estate in District of Columbia and vicinity. Ample funds available. Lowest Interest and Com- mission. Prompt Service THE COMMERCIAL | NATIONAL COMPANY (INC.) | Paid-Up Cash Capital, $700,000 Commercial ) nal Bank Bldg. 1th & G Sts. FIRST ) MORTGAGE REAL ESTATE LOANS 5%2% FRED T. NESBIT 1010 Vermont Ave. Main 9302 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 1;‘:‘ 3 4Un Bl Ser 7a A, phir SUn BT Te A ww 021} n S v 48 A 93% *Ex-dividend. = i WHEAT HAS SETBACK AFTER EARLY RISE Increase in Available Supply Fig- ures Has Bearish Effect in Late Dealings. L. E. Breuninger, President ) reinvestment LOANS 5Y2%—6% plication for first mortgage loans omptly acted upon by our Loan vestment Department. Low Commission W. H. WEST COMPANY Fo ded 1894 \ 216 15th St." Main 9900 Heat Your Car With Hot Water As Comfortable as Your Home Odorless—Inexpensive Watson Stabilator Co. 2018 14th St. North 3349 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 of Liberty Bond working back to about the closing quotations of yesterday under realizing by some of the early buyers and a 9 106% 1047 105% | Market St 7s 40. 37 105% 105% 105% | M & Bt L 1st rf 4s. 12 108% 108% 108% | M St P & SSM cn 43 Real Estate Loans Collateral Loans 17% 90% 174 | By the Associa 909 by the Associated Press, MERCANTILE MARINE. — Wall | Am T & T of 63. Street hears there is likelihood of a|AmT& Tdebs ) new proposal being made to stock-|Am Writing Papés 15 93 holders of International Mercantile Marine Co., probably involving liqui- dation, in view of the permanent in- junction granted against the proposed { ATmour&Co %839 28 90% 90'% recapitalization plan. The company will not file an appeal, it is said. P. A. 8. Franklin, president, will sail for Europe on Friday, and it is thought he may negotiate for disposing of the balance of the transatlantic fleet, in- cluding the Atlantic Transport and Leland Lines, which would leave only the intercoastal lines. The company Is understood to have $20,000,000 in cash in its treasury. ‘WRIGHT AERO.— Wright Aero Corporation earned $2.59 a share in nine months of 1927, against $1.82 in the same period of 1926. Net profit rose to $648,616 from $454,924. Third- quarter earnings were equal to $1.17 a share, against 52 cents a share in the third quarter last year, INDEPENDENT OIL AND GAS.— Stockholders of Independent Oil and Gas are being given subscription rights to 150,000 shares of new stock at $28 a share, equal to 30 per cent of their present holdings. Rights ex- pire November 29, A. O. SMITH CORPORATION.— Stockholders of A. O. Smith Corpora- tion approved an increase in mo par common stock from 100,000 shares to 500,000 and an exchange of five shares of v stock for one of old, effective November 16. A dividend of $1.50 a share was declared on the old common, payable November 15 to holders of record November 1. SOUTH PORTO RICO SUGAR.— Net profit of South Porto Rico Sugar Co. for the vear ended September 30 was $3118,430, against $1,581,185 the year before. This is equal to $4.01 a whare on the no par stock, against $10.54 a share on a much larger num- ber of $100 par shares the preceding year. GOLD RESERVES.—Much of the | €old in the United tes is owned by | 1 n countries and their power to withdraw mits this country’s ex- is pointed out b; Chandler, economist, Bank of Commerce in York. In the form of balances and short-term investments the out- side world has a huge claim against in excess of our claim against the of the world on the same account says, ATLANTIC REFI nine months of 1927 were unprofitable ic Refining Co.. net loss of eported for the period in contrast to net profit of $6,066 236 in the first nine months of 19 $10.08 a share on the common. quarter net profit was §1 3. 1o $1.96 a share on the common, sgainst $2,818,123, or $4.93 a share, in the third quarter of 1926, ING.—The first 3,000, equal Grass Reclaims Land. A rice grass that appeared In Es. sex. England, about 60 yeurs ago, is being used to reclaim land from the sea and also to guard sea walls. It is a rushlike growth that has the peculiar property of collecting mud thus raising the shore level inch by inch and adding shore land that can Anaconda 1st 6s. Anacondacv db 7 Andes Cop 7s rets. Armour Del 5%s.. Associated Oll 6s. Atlantic Refin 5s.. Barnsdall s 1940, yn Ed gen § Bklyn Union 6%s. Centrz] Leather 6s. Davison Chem 61 Denver Gas 5s Dery (DG) 7s. Det Edison ref 6s, Dodge 6. Donner S . East Cuba Sug 7%s Fisk Rubber 8=, Goodrich 6%s Goodyear s rcts,. 1 Hershey 6%s. Hoe & Co 645 Humble Oil 58, Humble O & R5%s 1llinots Bell 1st 5s, [1linols Steel 4 %25, Indiana Steel 5s Int Mer Marine 6: Int Paper cv 68 8 Inter Paper fd 6s.. Int Tel&Teleg 4% J Kayser & Co 5%s Kan CP&L s A 52, Kan G & El 6s 52, Kelly-Spring 8s Lackawa 8 55 50... Laclede G 5%s 52. Ligzett & Myers 58 Lorillard (P) 5s... Lorillard (P) 7s... Loulsv G & E 53 52 Or. | Manati Sug sf 7%s 20 105% 105 Midvale Steel bs. .. Montana Pow §s... Mor's & Co 1st 4%s | New Eng Tel 5s., { N Y Edison 6s 44 | N Y Edison 6%s... YG L H&P 4s. | North Am Edis | Nor Ohto T & L 6 | Nor States Pow fs. Nor States Pow 63. Pac Gas & El b Third | Pac T & T istbs... 10 104 {Pac T & T 6862, | Pan-Amer Pete 7s. | PhilaCo6%s38. .. |Phila& ROC& I'bs | PhilaCortesa... Plerce-Arrow 8s. ., | Plerce Oildeb 8s. .. P 8erv Gas 6%8 53 | PServ Gas5%s 64 | Punta Alegre 7s. .. Remington Arms 6s . Sinclatr O11 6 | Sinclair Ol 6% Sinclair Ol 7s..... Sin Crude O1l 6s. .. be used for pasture or tillige. The grass is being exported to other coun- tries where it will be employed for the same purposcs. S Sin Pipe Line is. .. Skelly Ol 6%5. ... Southwest Bell bs. 8o Por Rico Sug 78, 92% 92% | MK&T4sB 24 104% 104% 104% | M K & T ad) & 7 108% 108% 108% |[ME & T prin s 32 107% 107 107% | Mo Pacific gen 4, 90% | Mo Pac 5s A 65.... 26 89% 89 89 MoPac6sF 77...4 10 103 102% 102% | Nassau El 48 51 20 102% 102% 102% | New Or Term 4s. 3. 1 9T% 8! NO Tex & Mbs A 3108 100 100 (NOTex&MsnD 07 8. 3 107% 107% 107% N ¥ Cen gen 3%, 3215 215 216 [NY . $8 105 105 105 |NYChIASLSY%sA. 13 '95% 95 |95 |NYCRI&SL5%sB. 3 83% 83 83 3106 106 106 1 104% 104% 104% 14 93 93 93 1108 108 108 4 101% 101% 101% 1 100% 100% 100% 4 53w 53% 53% 6 108% 108% 108% 32 84u B4 84 5 956% 954 9b% 3 103% 103% 103% 1119 119 119 7 108 107% 107% 16 94% 94 94% 13 103 103 103 12 98U 98% 98% 22 99% 99% 991 7 102% 102% 102% 10 105% 105% 105% 2100 100 100 1 104% 104% 104% 41 103 102% 103 52 100% 100% 100% 16 108% 107% 108% 12 108 107% 107% 24 103% 103% 108% 30 95% 95% 9% § 102% 101% 104% 104% 6 106% 106W 106% | St L 1M&S 4829, 1 103% 1084 108% | St L 1M&S R&G 43 17 102% 1023 102'3 |StL&SF pl4sA. 5105 104% 104% |St L&8S F pr In bs. 3105 105 105 |StL&SF6%sD.. 11 98% 98y 981 |StL &S Fad]6s. 1117 117 117 (StL&SFincé 10 103% 1034 103% |St L& S F pl 65 105 |StP& Kcs:l;w;l: 7 1004 100 100% | Seaponrd A5 11105 105 105 b >, | Seab A L adj bs 8 86% 86% 6% |go.pa [, con 6s. 7 106% 106% 106% | g A}) Fla 6835 A. 24 106 104% 104% 9 7 116% 116% 116% 10 951 95% 95% 2101 101 101 A. NY N Hav&'H 3%s NY NH&H 48 56. .. NY NH&H db 4s 57 NY NH&H cv db 6s NY N Hav&H clt 62 N Y Ont Wistds, N Y Rys 6s 65 NYRysés A 65 N YW & Bos 4%s. Nor & S gen 58 b4.. Nor Pac 38 2047 Northern Pac 4s. Nor Pac 4%8 2047, Northern Pac 58 D. Ore Short L rfs 4 Pennsyl con 4% Pennsyl gen 4%3. . Pennsy| gen bi sy! Pennsyl 6%s. Pennsyi gold 7s. Pere Marq 1st 5s.. PCC&StLbsA.. PCC&StL bs B 75.. Port RL P6s47... Reading gen 4%s. Reading J C 4s 51 Rio G Westcl 4 102% 104% RI1Ark& L 4%s. - 18 108% 108% 108% 1 110% 110% 110% | 5 42 101% 101% 101% 1101 101 1 2 20 102 101% 101% | TexArk FS5%s 50 6 1071 1075 10734 | Texas & Pacific 1st 5 103 102% 103 | Third Aveud]ss.. 104 10§ |Third Ave ref 4s 60 2 105% 106% 1051 | Third Ave 1st 65 37 3 105% 106% 105y | TolStL& W 4s... 35 104 103% 104 |Union Pac 11 1013% 101% 101% | Un Pac 4%8 1 104% 104% 1041, | Union Paccv 3 92% 024 9o | Virginia Ry 18t 6 3 1024 10215 10215 | Y8 RY & PGs. 5 105% 105% 105% | Wabash 55 76 B. Wabash §%8175... West Maryland 4s. West Md 5%877... Western Pacitic 5s. seen 5 106'5 106% 106% 3 97 97 97 105% 85% 964 102% 108% 99% 106% 101% 103% 1071 B85 9w 106% 104% 79 102% 100% 56% 91 100% 10 105% #5% 98% 95% 103% 109% 107% 102% 107% 99% 1054, 103% 112Y% 104% 1124 106 104% 112 112 1024% 101% 1031 102% 101 99 106% 102% 103% 107% 85Y% 9% 106% 104% 79 102% 100% 564 91% 100% 101% 105% 5l 8% 95% 103% 109% 107% 106 106% 103% 107% B5% 101% 101% 101% 100 100 100 TREASURY CERTIFICATES. 11 100% 100% 100% 93t 93% 93y 1 9 95 9 5105 105 105 1 110% 110% 110% (Reported by J & W Sel 'man & Co.) 00N e . 1‘?‘34‘1"54: mnf 2 031-82 108 3-82 or | the start little selling believed to be for South- ern account. The offerings were light, however, and trading was quiet late in the morning with prices at midday ranging about 5 to 8 points net higher. A good part of the trading was at- tributed to further evening up of ac- counts in preparation for the Novem- ber first crop figures. . SUGAR MARKET QUIET. NEW YORK, November 1 (#).—The raw sugar market was quiet today and in absence of business prices were nominally unchanged at 4.65 for Cuban, duty paid. The continued inactivity in the spot market and rather disappointing cables from London caused an easier undertone in the raw sugar futures market and at midday prices were 1 to 4 points net lower. The principal decline was in the near positions, especially December, which reflected of liquidation of that de- livery. Sellers of this position seemed to be buying the later deliveries, but on the whole business was again of moderate proportions, with the trade still awaiting news from Cuba relative to its proposed restriction plan. There were no changes in refined prices, which are quoted at 5.80 for fine granulated, but business continues light and from nearby territory only. TOOL INQUIRY BROADER. V YORK, November 1 (P).— seasonal gain in industrial ac- tivity resulted in a broader inguiry for machine tools in October. Sub- stantial orders and a_better inquiry featured operations in the Detroit market. Large industrials placed good orders in the Cincinnati district. The South is progressing under the stimulus of improved agricultural con- ditions and wider industrial activity. od demand for_ special equipment » from New England, American Machinist reports. N GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, November 1.— Bid. Asked. 52.00 58.00 28.00 32.00 marks.) 5.00 Ger Gt Red Loan with draw ctfs att per 100 R M. ... Gt Red Loan without W ctfs per 1.00 ioted in dol in 4s pro-war.. . amb 3¢ A58 & 48 pre-war Hamburg Amer Line 4128. .. North German Lioyd 4%s. Krupn 5s 1921 . Dusseldorf 4 Frankfort a- Munich ds pre.war. (Quoted in_dol A E G (Ger Ge Elec).. ... AEG (Ger Ge Eiec) pld B Commerz and Privat Bank oo 22 33 e =3 BoRSSaoeRs Nor Ger Llo Austrian A'E G Eldridge & Co. the Spokane & 8333333 832 o S: Sales 0 | Sales in 3 R R Sales in thousands. fales in INDEPENDENT OIL undreds. Gif Of & Intercont] 3 weonard Oil. Magdal Svid .2 Nex Bradford ' 0 il Reiter-Foster Oil Ricivield 0il Cal h 0§l Cal oid STANDARD OIL 1SSU n units. 500 Anglo Am Oil .. 187 200 Buckeye P L .. 2400 Contin Oil n . £00 Humble Oil & R 250011 P'L .. 600 Imp O Can 100Imn O Can reg 1100Ind PL ... . 2500 Inter, Pe ¢ ftd 800 Nat Transit 200N'Y 100 North P 100 Ohio 0il 1500 Prairie 0 d 100§ O Neb ' ! 508 O Ohio n’ . 1200 Vacuum Ol BONDS. ham 3 Gis & EI 65 108 Pow & Lt 65107 % NG 61y wi 991 Rad ghe. . 07 Roll Ml 6a 1055 m Seating Gs.. 10314 nacondn s A S0, RS Dmo eSS Py BERRR3T3RE=3 oy oS xDzons: SR ZX22R5 o - ESe=3esPunisn e Eastern Trust Co. (Spokane) and Old National Bank & Union Trust Co. (Spokane) offer today a new issue of $1,600,000 City of Seattle, Wash., 4 v ’( water revenue gold bonds, pe 194788 yield 4.20 fer cent. S oo ameactiEuets ERSHEE S A0 -, EENRRR SRR F o5 385 <! S W R PEFRPIIEFENEERR 8853 and that notice was being taken of CHICAGO, November 1.— Wheat prices turned downward in the late dealings today, owing a great deal to announcement of 19,150,000 bushels® increase of the world’s avail- able supply. Besides, weather in Ar- gentina was fine, and the crop out- look throughout that country was re- ported as excellent. European demand today for North American wheat was slow, Suggestions of the approach of Win- ter conditions likely to interfere with the movement and quality of Cana- dian wheat were more than counter- balanced at times today for Liver- pool reports that estimates of the Canadian yield were being enlarged, reports of improved of re- ceipts in Canada. Wheat bulls de- rived some encouragement also from advices that the present indicated ex- portable surplus for Australia is only 48,000,000 bushels, an amount much smaller than recent predictions, Estimates on the corn crop by Chi. cago private statisticians today proved to be about as expected and were without any immediate influence on the market. The estimates averaged 2,646,000.000 bushels as the total pro- duction looked for, with farm reserve figures averaging 114,000, & WHEAT L 28INE 114,000,000 bushels. December March grading FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) Nominal Selling checks =old value, a; London. pound. $4.8665 Nontrea) doflar 100 Funds —ask us about First Trusts — on critically appraised residential properties in the best sections of Washington. Protected and prof- itable investment. 1415 K Street Main 4752 DM MKELVER=GOSG...vc Gohn T as @ssistant S@cmtary ,and«@l(amuju- sofithi Bhacicrn Aipustrmant Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE fl. COOPER. President Capital $1,000,000.00 3£ Rust Company ,announc@o,&ywmoocmhmb' i ,o{' Fonss Oslo. crown. .. Stockholm ¢ro) NEW YORK, November 1 (#).— Foreign exchange easy. Quotations in cents: Great Britain, demand, 486 7-16; cables, 4867%; 60-day bills on banks, 482 9-16. France, demand, 3.9214; cables, 3.921%. Italy, demand, 5.45%: cables, 5.46%. Demand—Belgium, 13.92; Germany, 23.87; Holland, 40.24; Norway, 26.39; Sweden, 26.90: Denmark, 26.78; Swit- [ zerland, 19.28; Spain, 17.07%; Greece, 1.321%: Poland, 11.25; Czechoslovakia, 2.96%; Jugoslavia, 1.76; Austria, 14.08; Rumania, 14.61; tina, 42.68; Bra- zil, 11.96; Japan, 46%; Shanghai, 62.87%; Montreal, 100.12%. —_— POTATO TRADE SLOW. CHICAGO, November 1 (#).—Pota- toes—Recelpts, 164 cars; on track, 535 cars; total Unitel States shipments, 887 cars; demand and trading slow, market dull; Wisconsin, sacked round whites, 1.4521.65; Minnesota and North Dakota, sacked Red River Ohios, 1.25a , 1.40; sacked round whites, 1.80a1.40; | Idaho, gacked russet Burbanks, 1.50a 1.76; ed rurals, 1.40a1.60, : The Bank of Personal Service You'll Keep Good Company —financially speaking, when you do business with this progressive bank. { Service of the effxciency‘ “Commercial National” facili- ties make possible appeals especially to the up-and-doing type of business man. 1 We Pay MORE INTEREST on Savings Accounts than any other lational Bank in Washis . Come in for particalars. The Commerciar. Namonar Bank Capital & Surplus, $1,400,000.00—Resources, Over $17,000,000.00 Corner Fourteenth and G Sts.