Evening Star Newspaper, November 3, 1927, Page 15

FIN FOREIGN BOND LIST DISPLAYSSTRENGTH Symptoms of Congestion Are Shown by Some of the New Issues. BY CHARLES F. SPEARE. ®pecial Dispatch to The Star. NEW YORK, November 3.—Sub- stantial advances occurred in a num- ber of foreign bonds today, and there was a good demand for high-grade domestic issues. Symptoms of mar- ket congestion were apparent in some of the new bonds which is to be ex- pected after a month when over $900,- 000,000 of mnew securities were created. There. were a few bonds that moved up along with the recovery in stocks. For instance, Brooklyn Union Gas 5%s had an early njse of 41: points, but lost half of this. Both American Sugar 6s and Cuba Cane Sugar 8s were fractionally higher. The local tractions improved slightly, and in the rallroad list advances of 13 to 2 points In Seaboard Air Line refunding 4s rnd adjustment 5s contrasted with a heavy tone in the company’s 6 per vent bonds. Trade Conditions Shown. ttered through the industrial list w?:: bonds which reflected unfavor- able trade conditions. Armour of Dela- ware 51%s were in liberal supply at the lowest price in months. The Sinclair group acted in a way to suggest that the scandal in which the head of the ‘ompany Is involved is doing the credit >t the concern no good. United States Rubber 5s were soft in sympathy with the most recent break in United States Rubber stocks. Marine 6s con- kL heir advance :::.lg‘:u'olaum 6s, which have rallied & points. Continental Bag and Paper i%s were helped by the rellef measure st the International Paper Co. which will give the bondholders an op- sortunity to take International Paper T per cent preferred stock for their nortgage. ! Th? gihu in the French group were eneral and lifted prices of the Gove rrnment issues, as well as the French wails, from % to %. Japanese munici- »als were up % to %. The market fmr Serman city, state and public utility yonds was steady. Mexicans improved 1 little more and =o did Brazilian, Pe- :uvian and Chilean securities. Good Ralls in Demand. While the market for high-grade mils on the board was not so active, there was a strong demand over the sounter for all that could be accumu- ated, United States Government long- jerm maturities declined an average .51';1‘!‘-!"! issues of new securities imounted to $68,000,000 Wl‘:fi ovetll'“g(l cent representing public utllity h":ncln:. ‘The sale of 545.000.000 Cities 3ervice Power and Light 5% per cent told debentures is the beginning of 1 plan to refund all of the underlying asues of Citles Service Co., along the jnes adopted by the Associated Gas ind Electric Co. last year. .. NHEAT HAS SETBACK IN TODAY’S DEALINGS Jelling by Northwest Leads to Downturn—Corn Also Has De- A:l.inj5 at Chulgo By the Associated Press. CHICAGO, November 3.—Selling on the part of houses with connections an did Pan-Ameri- | ANCIAD, UNITED STATES, ‘Sales are 'n $1 000 ssnn ml'h la'l i Closa 0 101 18 101 4 10116 103 14 100 100 30 1041 101 28 106 19 9 10919 11418 11418 1035 US 3% 43-47 352 US3%s, 9 362 US4%sb2, 331 11426 FOREIGN. Sales High Low Close Argentine 6sJu69. 4 99% Y9y 99 Argentine 6sOct59 11 99% 98% 994 Argentine 63 A. 21 100% 1004 100% Argentine 6s 10 99% 99 99 Australia 58 1 6 97% 9TH 9TH 41 97« 97 97 8 105% 105% 108% 33 08% 981 98% 5 102% 102% 102% 80 107 106% 106% 106 1047% 104% 104% 1 114% 1144 1144 15 104% 104% 104% 58 994 99w 994 48 92% 924 92% 8 96 95% 95%% 12 108 105% 108 Bremen, State. 7s.. 24 101% 101% 101% Buenos Alres 7s 57 4 95'% 95% 95% Buenos Alres 78 68 31 95% 94% 056% Canada 63 1931.... 3 102% 102 102% Canada 6s 1952 « 10 107 106% 107 Canada 5%8 1929., 26 102% 101% 102% 7102 101% 102 2 109% 109 109 2 109% 109% 109% 10 99 984 99 3 95% 95% 95% 11 100% 100 100% 2 101% 101% 101% 5 105% 105 105% 2 108% 108 108 4 108% 108 108% 1 111% 111% 111% 7 104% 104% 10414 3 103% 103's 1037 12 104% 104% 1040 8 108 103 108 27 95% 95% 98k 2 100% 100% 100 1 10 104 104 | i 3 % 105% 105% « 19 114% 114% 1144% « 17 110% 110% 110% 2 985 94% 95 German 7s........ 32 106% 106% 106% Ger Am Bank 7s... 7 100% 100 100% 2 103% 103% 103% 7100 100 100 « 12 101% 101'% 101i4 .99 9T% 9TW ggh o 3 01% 91% 914 - 59 101! 101% 101% Belgium 7s 1955 Belgium 7s 1956 Belglum 73 Bolivia 8s Bordeaux s, Denmark 6s....... DEI5%s Mch53. Duteh East | fis 47, El Salvador 88 48. . Finland s f 8s 45.. Finland 7s.. [ BOND Racelved by Private Wire Disect 3 THE EVENING STAR, WASHINGTON, D. ¢, THURSDAY, NOVEMBER 3, 14#%. Sales. Hirh Low Close. 87w 87 87 106 106 106 103% 103% 103% 112% 111% 111% 103% 103% 103% 102% 102% 102% 101% 101% 101% 106 1068 106 Youngstn S&T 6s. 106 105 105 RAILROAD. At&SFevt 4505-85 1 91% Atchison gen 4s. | warner Sug 78 30 Warner Sug 7s 41 6 1043 1043 104% « 15 104% 104% 104% 10 109% 109% 109'4 15 102% 102% 102% 16 1117% 111% 111% 3L 98% 96 964 5850.... 16 105% 105'% 105% B & O Toledo 4s 8 88% 88% 834 1 88% 884 88% 29 96 96% 96 Buff R& Pitt 4%, 19 97% 97% 97% Can Nat43%880... 1 100% 100% 100% Can Nat 438 54 8 98% 98% 98% Can Nor 4148 19. 10 99% 99% 99% Canad North 634s.. 2 119% 119% 119% Canad North 7 10 115 116 115 Can Pac ¢%s 9 99% 99% 99% Centof Ga 5% 6 107% 107% 1073% Cent of Ga 6 1 lll;’/l 101% 101% 8. 1 95 95 95 Cent Pac 1st 68 90. 5 1044 104% 104% Chesa Corp 6s wi., 29 99% 99% 99% Ch 1 100% 100% 100%4 12 101% 101% 101% 28 98 9Tu 9Th 5 101% 101% 101% 26 92% 92% 92% 2% 124 637 63% 8415 64% 64'a 64t 64% 6% 98% 98% 64% 64 got 8 C M&StP 4s 25 ofs. 41 CM&StP deb 4scfs 10 CM&SPcv4 832cfs 10 CM&StPgn4é%s 15 CM&StPevis 3 64% CM&SPevbscfs.. 11 64 vees 36 104 104 Chi& NWgends.., 1 97'% 974 Chi NW 435 2037,. 10 102% 102'a 102% Chi & NW ref 5s. 23 110% 110's 110% Chi & NW 6138, 1 112% 112% 112% 1 82% 82% 824 2 9% 9% 9% 25 95 947 95 1. 96 95% 954w 95% + 20 100% 100% 100% 2 94% 94% 94% 5 91 91 91 6 105 104% 105 1 104'% 104% 104% 1 109% 109% 109% 1 99% 99% 99% 984 Pgnds.. 10 104 104 104 994 99 99t 25 24'% 35% 9% %5 92 2 102% 102% 102% Montevideo Netheriand: b4, Netherlands 6s 72. 2 106% 106% 106% 17 99% 99% 99% 100% 101% 102 102 102 16 964 96 96% 8L 96 95% 95% 10 101% 101% 101% + 10 100% 100% 100% 5 83 82% &3 22 99% 99 99 1 105% 105% 1053 1 106% 106% 106% 5 114% 114% 114% 1105 105 105 1105 105 105 3 105% 105% 105% Rome 6%s. . 83 92% 91% 9% 820 Paulo 8s 1936.. 8 105% 105% 105%; 1106 106 106 « 25 100% 99% 100 13 102% 102% 1024 Norway 6s 1943. Norway €3 1952... Orlent Dev deb 6s. Paris-Ly-Med 6s. Rio Riode Jan 8s 47. Rio Gr Do Sul 8 6 104% 104% 104% 4 104% 104% 104% 3 108% 103% 108% 44184 112% 1134% o : .. 7 Ton Utd Kingm 51829 2 117% 117% 117% Utd Kingm §%837 15 105% 105% 105% Swiss 5%s 1946, Swiss Confed 83, ‘Toho Elec Pow 78, n the Northwest led to early down- urns today in wheat prices here. Meanwhile reports ot(eoml:uefl r'y{ne; ferings to Europe from Argen rere current. Opening unchanged to % cent lower. Chicago wheat soon inderwent a generul sag. Corn also vas easier, starting unchanged to % sent off and llubc:qh‘ue:uy sh?wlnc r: ilight general setbac ats we: lfl Provisions tended to advance. Associated with northwest selling which was evident at times bere today In wheat, considerable talk was heard that before the close of lake naviga- tion large shipments from Spring wheat territory except Chicago are probable, and that Chicago will sccummulate liberal stocks which will remain here all Winter. The predic- tions of good-sized Winter stocks here were based on assumed likelihood that Canada will supply foreign buyers with low-priceds wheat and that the tine crop will begin to move sbout January 1. Sales of 250,000 bushels of wheat to g0 ‘nto store here were announced to- In this connection, assertions price of Chicago December de- . Another bearish factor was an 1 estimate that domestic wheat acreage is 11 per cent larger than last year. —_— CHICAGO LIVE STOCK MARKET CHICAGO, November 3.—United jtates Department of Agriculture: Hogs—Receipts, 28,000; uneven; steady 10 15¢ higher early; most advance on inished hogs, 200 pounds up and pack- Ing sows; weight averages under 180 pounds i liberal suppl around steady; big packers inactive, talking steady; top, 10.50; bulk desirable, 210 ‘o 300 pounds, 9.85 to 10.40; 0 to 100 pounds, 9.25 to 10.00: 130 to 160 sounds, 8.00 to 9.25; most pigs, 8.00 to 1.25; selected kinds up to 8.50; most packing sows, 8.50; few selected light- weights, .60 to £.75. Cattle — Receipts, 11,000: better rade fed steers scarce, steady;: others ind she stock steady to weak: bulls slow; vealers steady: best fed long vearlings, 17.50 early; weighty steers , teld around 17.75; in between grades sredominating; steer run; fairly active rade desirable, light heifers to pack- srs and outsiders; weighty sausage sulls, 7.00 to 7.25; few 7.35: big pack- getting light, vealers at 11.00 to Sheep—Receipts, 10,000; fat lambs spening fairly active; fully steady; ask- ng 13 to 25 higher: best early sales 5 native lambs to outsiders, 14.15: ew sales and numerous bids to pack- »ru. 13.75; scatteripg around 13.50 and «low; best lambs, 110 to 130 pounds, 11.00 to 11.50; few 100-pounders, 12.00; most culls, 10.25 to 10.75; sheep steady: {at ewes, 6.00 to 6.50; top 6.75. —_— SHOE TRADE BETTER. NEW YORK, November 3 (#).— Bhioe manufacturers who have suffered heavily because of the tremendous di- versity of styles demanded of them | p, by retallers, are mnow experiencing relief, says John C. McGeon of Phila delphia, a leading maufacturer. He is chairman of the national conference, which determines styles for each sea son in advance. Excessive demand for unnecessary styles has been the difficult problem of the builder of whoes, he declares, but wise shoe deal- ers are seeing the light and others are tollowing. The retaller in the small town was the most grievous offender, be asserted. CENTURY TRUST CO.—~Douglas 7Thomas, president of the Century *rrust Co. of Baltimore, announces the acquisition of the Securities Storage & Trust Co.. which gives the Century “Trust assets of $12,000,000. The stor- s heen sold to a corporation formed C. J. Hamilton, gl 112 Utd Steam Copen 6 5 944 94% 944 Uruguay 88 s 2 109% 109% 109% Yokohama 6swi.. 20 947 94% 9% MISCELLANEOUS. Am AgriChem 7%» 1 104% 104% 104% Am Cotton Ofl 5s.. 35 100% 100% 100% AmSmit &R 1st 5 102% 102 102 AmSmit& R és 1 108% 108% 108% Am Sugar ref 5 105% 106 105 99% W 99N 995 104% 104% 6 105% 106% 105% AmT&Tdeb§ 69 108% 108' 108% Am Water Wks §s. 10 100% 100% 100% Am Writing Pap 65 93% 93 93 104% 104Y% 104% 108% 108'% 108% 107 107 107 0% 90% 88% 88 88% 108 103 108 100 99% 100 107% 107% 107% 100% 100% 100% 102 101% 102 101% 101 101 108% 108% 103" Armou Armour Del 5% Atisotic Refin 5s.. Barnsdall 6s 1940, Bell Tel Pa 63 C. Beth Steel pm Beth Steel rf 6 Beth Steel 5% Beth Steel 104% 104% 104% . 23 226 222% 2! 106 105 105 95 94% 96 2 83 82y 83 20 106% 106 106% 1 2 104% 104% 104% . 44 96% 963 96 1 107% 107% 107% 11 108% 108% 108% g0 14 84w 84 B4 Donner Steel 7s... 1 9% 954 95% East Cuba 8ug 7% 10 108% 103% 103% Fisk Rubber 8 1 118% 118% 118% Goodrich 6%s. 13 107% 107% 107% Goodyear Gsrets.. 60 94% 94% 94 11 103 103 103 8 98% 98 98 Humble O11 55, 66 99% 99 99% Humble O & R5%s 20 102% 102% 1024 1llinots Bell 1st 55. 13 105% 105% 105% llinots Stee) 4%5s. 5 100% 100 100 Int Mer Marin 58 104% 103% 103% Int Paper §s 47. 1 100% 100% 100% Int Paper ¢v 6 18 108% 108% 108% Int Papercv 6ssta 14 108% 108% 108Y% Inter Paper fd 6s.. 15 104'% 104% 104% Int Tel&Teleg 4%8 27 95% 95% 95% J Kayser & Co 5%8 19 103 102% 102% KanG& E)6s52., 1 106% 106% 1064 5 108% 108% 108% 3 101% 101% 191% 7 105 104% 104% 2 9BY% 98% 98' 10 103% 103% 103% 1105 106 165 Chile Copper §: Con Coal Md 1st Con Gas N Y 6% Consumers Pow Loriliard (P) bs. .. LouisvG & BEs 62 Manatf Sug sf 7%s Midvale Steel 2 100% 100% 100% Montana Pow &8 1 104% 104% 104% Mors&Colst 4%s 23 87 86% 86! New Eng Tel 8s. 1 106% 106% 106% 4 1 104% 104% 104% 1 116% 116% 116% 11 109 109 109 20 101% 101 101 4100 109 109 1 110% 110% 110% 77 101% 101% 101% 2 100% 100% 100% 4 101% 101% 101% 5 105% 105% 105% 4 102% 102% 102% 3 104 103% 103% 1 105% 105% 105% 7108 - 103 103 1 105% 105% 105% 9105 104% 105 2 104% \104% 104% 4 9% 93y 93% 15 105% 105 105% 1 105% 105'% 106% 2 105% 105% 106% 107 107 97% 98 9314 94 98% 98% 100% 100% 9% 9% i 105 105 So Por Rico Sug 110 Southwest Bell 5s. 105 Standard Ol N J 103 Bug East Orlent 7, 100% 100% Tenn Elec Pow 8s. 107 107% Toledo Edn 1st 108% 108% U 8 Rub 1t rf 6 North Am Edis 5. Nor Ohio T & L 6s. Nor States Pow Ss. Nor States Pow 6s. Pac T & T 1st Pac T & T 6862 4 102% 102% 1025 | 6 97w 9TV 9% 1°108% 108's 108% Cuba Nor 51 sc! 28 97 95% 97 Del & Hud 1strt4s 16 95% 954 956% Del & Hud 78 30... 3 1062 106 106% Den& RioGends. 9 92l 92% 924 Den&RioG 414836, 1 96% 96% 964 D & R0 G Imp 6: 2 100 100 100 38 B84% ¥4 84% 1 96% 96% 96% 7 88% 884 #8% 50 82% 82 824% Erie conv 1 87% B87% 87% Erfe cvt 58 67 100 97% 97% 974 7 114% 114% 114% 39 93% 934 93% 2 108% 108% 108% 2115 115 115 3 107% 107 107% 20 115% 1156 115% 1 106% 106% 106% 11 102% 102 102 26 92% 92% 924 4 97T% 9T% 972 3 9% 9% 9% 15 101% 101% 101% 27 99% 99% 9% 1 107% 107% 107% 111 Cent 4s 63. 111 Cent 4%8 6 TIC-C-8t L jt 4%s 111-C-C StL&NO bs. int Rapid Tran §: Int Rap Tran Int & G Nor 18 Int & G Nor ad 6 Int RysC A 6s73.. Int Rep C Am 6s 41 Int Ry CA C%: ret e 84% 5 .95% 95% 95% 2 9% 91% 9k 1 4l% 41% 41% 5 95% 95k 95% 8 T% 4 1 7 78 9 M’)l% 101% 101% 14 98% 98% 984 Louls&Nash uni 43 12 109 108% 108% Louls & Nash 5%s. Mil El Ry & L 68 51 1 10 102% 102% 102% MBtP&SSM5838gtd M StP & SSM 5% t P& SSM 6%s 4 99% 99% 99% 1 95 95 95 2102 101% 101% 2 91% 91% 9% 1 106% 106% 106' .- 2 ngV. 191::2 lgg‘a Mo Pacific gen 4s.. 8L 79% Mo Pac on A 85.... 20 102% 102 102% Mo Pac 58 F' 77....135 100% 100% 100% Mont Trmref 5841 5 99% 99% 99% Nassau El14851... 13 56% b56% 56 100 91% 91% 9l% 4 101% 101% 101% 15 956% 96% 95% 5 98% 98% 98% 13 109% 109% 109% 39 107 106% 107 B. 1 106% 106% 106% NYC&StL6sA. 3 103% 108% 103% NYNHav& H3%s 1 76% 176% 76% NY N Hav&H cit 63 10 105% 108% 105% 2 80% 80% 80% 1 19 5 2 21 29 96% 96% 1115 115 Ore Wash 1st ¢s. 10 92 91% 9l% Pennsyl gen 4% 7 104% 104% 104% 7 112% 112% 112% 11 106% 106 106 3 111% 111% 111% 3112 111% 112 2 96% 96 96% 3 101% 101% 101% 4 96% 96% 96% 8T% 87 StL1M&Sgnbs31 1 101% 101% 101% St L IM&S R&G 48 10 96 9A% 96 StL&SPplsA. 21 91 90% 90% . 2 103% 103% 103% 1 102% 102% 102% 17 101% 101% 101% StP Un Dep bs.... 15| San A & Arn P 434 % 82 97 9% 9% 93 19 9% 9TH 22 102% 1027 102% 14 9% 91 9% 1112 112 112 1119 119 119 9 126% 126 1264 1 95% 95% 95% 5 106% 106% 106% 76 1027 102% 102% 5 1021 102% 102% 4 99% 99% 99% 5 100% 100% -100% 41 98% 984 98% Unton Pac Istrf4s 7 97 96% 96% Un Pac 4%s867.... 37 99% 99% 99w UnlonPac istref 58 5 118 1131 1131 Unton Pas ev 9 101 101 Virginia Ry 1 11 109 109 10! Va Ry & P bs. 6 100% 100% 100% Seaboard AL 4s sta : Sou Ry Mo & O 4 TexArk FS 6% 60 Texas & Pacific 1st Tex & Pac 58 77 rts Third Ave 1st 5s 37 Tol Tr L&P 6% 330 Union Pagc 1st 4s.. Wabash 1 4 104% 104% 104% Wi 4 103% 108% 103% 6107 107 107 L 86 85% 857 2 101% 101% 101% 1 100% 100% 100% WisCengnds49... 2 86% B86% 86% e The Japanese government has been 15 asked by chiefs of leper hospitals to prosecute those who are helping lep- ers to visit churches and other public ' U places S ] 'Y1S” CONFDENT ON CURB EXCHANGE 0il Groups Strong—Utilities Are Only Moderately Changed.: BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star, NEW YORK, November 3.—The ele- ment favoring further recovery in the curb market displayed no reluctance about comipg in on the buying side again today. Prices worked higher in most groups and it took little in the form of outside developments to influ- ence speculative sentiment. A case in point was the oil group. Seminole output, which has been one of the chief factors responsible for the unfavorable statistical position of the industry, is gradually being cur- talled, but not to the extent to war- rant speculation for the rise in ofl stocks or to materially change the ofl outlook. Nevertheless, the demand for this class of stocks was even more pronounced than on the day preced- ing, when first signs of recovery were apparent. Indiana Pipe Line Up. Indiana Pipe Line sold at a new high for the year at 8615, a gain of almost 6 points. Illinols Plpe, Prairle Pipe and others In this category were actively taken. The ability of pipe line companie to show good earnings in the period of overproduction was taken by many to'foreshadow favora- ble dividend action at the coming meetings. This belief was strength- ened by declaration of a. $2 dividend ‘Wedn v by Southern Pipe Line, the distribution since March, 1926. Shares of producing and refining 1 103% 108% 103 | 11 104% 104% 104% ?l 10 112% 1124 112Y% | i units with large cash surpluses were taken_up, notably Standard of Indi- ana, Humble, Vacuum and Standard of Kentucky. Formal announcement of plans to acquire Reid Ice Cream by Bordsn & Co. was responsible for the continued demand for the latter shares, which were carried almost 3 points higher. F. W. Grand Stores common made further response to the rumor of a recapitalization plan which is expected to result in retirement of the preferred and a split-up of the present common. The gain during the past two days was extended to 7 points when the stock changed hands at 98. The upward movement in the metal shares was led by New- mont Mines. Utilities Moderately Changed. Public utilities were only moder- ately changed, and motors did little that was not worthy, but the usual number of industrial specialties were bid up substantially. Included among these were Cellulold common up more than 6 points to a new high, United Biscuit “A” up 2 to its former top, Johns-Manville 2 points higher on re- ports that it is soon to be transf:rred to the Stock Exchange, and St. Regis Paper, about a point higher. Free State of Prussia 6128 rallied sharply from the low for the year. The new Cities Service Power and Light 515 per cent debentures, offered for subscription at 98. were admitted to. trading and sold at a slight pre- mium. Subscriptions received were said to have been largely in excess of the total issue of $45,000,000. p———, o Washington Stock Exchange G 500 at 105 36 ; Capital Tractlon Co.—10 at ‘1081 . eralAmerican Bacomiazh ot J0% - * Saniiary Grocesy Co. pIA—10 at 10%%. AFTER CALL. Washington, Ale; . Ver. ctfs.— 91000031 %, 1&-1‘:'""":' x; & c‘: anitary Grocery Co. pid.— at 105 40 at 305" 5 gi 0% 10 at 102. 10 2 n Gas Light—10 at 82. 20 at ‘ashingtol 82,40 3t 85, 180 &4 i ”J’m{! o uburban s—$1,000 at 0. A | Traction 5s—$500 at 102% gaalional Mige. & lnvest. %50 at ;hfi,mu Electric cons. 5+—81.000 at Potomas Electric pfd. 6s—2 at 1123 b4 at 16 at Washington Gas Light—25 at 82. 82,7 at 82,3 at 82. 5 at 82. Potomac Electric cons. 53—$1.000 at 103. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. B Amer. Tel. & Telga, 4u. Amer, Tel AR el *d ol et Anacostia & FPor. R, & Anac Barber & Row. Inc. 83 arm FReV Cnace i B ot Joine: Stoek” Lt " Joint: Stock. L1, Mt & Wardman Park Hotel b 1is o, STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. * | Capital “Traction ashington Gas Norfolk & Wash, Botomac Elec. ni Elec. b R ah B & n Trust, h. Loan &' Trast. . SAVINGS BANE Bank of Bethesda. Commerce & Savingi st Wash * Giloi." TITLE ‘ul,”mhl:. ‘Title. Estate Tiif tle Tnv. Co. of A Barber arbor & Ross, Tnc.. & Chase Dairy e ihaler Linoty rgenthaler Linotyne. Nat'l Mtge & Inv. pfd. onles Truk Sturos O nrity Storage . : nitary Grocery Co. bl Washington Market | WAh Mciira) Bide %','2' A TIRES ARE REDUCED. NEW YORK, November 8 (P).— Prices of their leadnig lihes of tires have been reduced § per cent by all of the principal tire and rubber manu- facturing companies to meet the re- cent cut by Firestone Tire & Rubber. Prices of secondary or third lines of tires and tubes are not changed. Drised M“‘E&;‘”fig‘b"‘ oar, Goodrich, Kelly-Spri and Ajaz. Following is the list of bonds and stocks traded In on the New York Curb Market today: Following is a list of bonds and stocks traded In on the New York Curb Market today: Sales i INDU! a n I DLS?I:LS ‘hundreds. igh. A}. t South ptd lx‘ Ab B B W 0% n. . 97 12 gg 4 il & \! m_Co'n. " a n'{a’llg i | 238E % 2 ! 7 3 R 1 LR S 530551 33833 [y S DR G-I AR 3 1 caman S Attt =3588 @3 S, T, 3] o TR R AR e prooey 20 SE o B S s SSSEERGR5SS 3 el EEE g T - R R & o N . oo > ... oz o care=dus oSueaBue BeSaan S 253 -SSR 28 2R IR nu 3R opo0n pogeeeee R Sz B R ORRRYSNR R PR R O FER e 2 1 B » » e SRR S B SR IE S S - 2 2 T 510 s 3 S o - " = - somn oo eSO, - &R ORSRE R - FROBRRNERRE & O RRPE R FRUPHI oS ot 2> e BB R I3 i DA O OB RO IR e PR R o e & £ creshman | Chas. ulton Sylphon alv Houston El Cor, 20’ L = o tmalstmasm ST 20000008, 88 b F&E FE 5 Pow pfd. 9 fon Alden Coal 186% - = phoeRome whoua® NS ® - ER g = - R IR Bt A1 5 RS 8 DT 2~ I A o3 ¥ Ch fhend " Erne : lirnace. 3 n & Hardart FEF (ot 1 sogs 2 T P TE TN SO Lot ri I Johne-Many. emsloy Mill ckawan Sec . W .. n..l b > STTEE: 4 FRFIEES 3222 sem aor s " ¥ :zzg:x:zzz 3 ‘ 3 won o 51t 0 s 83 DA DO 2913 B DA e h I El_Po 2 Nat P&l Nat Pub w A 78 pld 1 Ser A. t Mo 1 Rev. Ganit F1 Co B ¥ion & Do s oo 1509 ™ AR IR R BEE R BRS E 21 B D 19 DB B BRI R D Dk OB - EREE RAE PR S Sl e 1909 3 B8 BRI DN pld1 I RO ] - o sloms g - F I SRR % & ORRERSRR (o RBLARE -, S RC - Fe S o S FEFE R D iomzson! Z ey 53 100120 o 191 S s 03 g S i " BB Ronn Bcs ReaRE 23RS RERSREEERSEY o e 019 B SIS TN BRD N 3 AW DD SIS0 23 SN S - Soante * &R o) Py P esaed forre) B SO MR B B a0t Orouscy ™ 2 PR st s SRR S ] R ORRe R o S5555 = o S=s oD o@amSmmt PietEr Pt s Bt o -Zrad o SRR PO = - . R RIA S D s R 25108 b o T FEsaq4sd= i1 i o8 Bg’ 21 3 lflg 21 18 25 20 [ 3 it il 2l 3 " o g oy o g ORI e R R L o SESELEL o 20 F=5: bR 1D miziomiee =533 8uiis! Sales in hundreds. 15 23 0 i~ 2 t1 % P 1o @O PR BOP IR AIBD ® R n. Newmont M 3 Zine. 2ot &R 15 Yikon' Gold: Sales INDEPENDENT OIL STOCKS, in _hundreds, 145 Am _Con Oilfids .95 5 Sz Serv n 5 Columbia Synd. 39 Creole Synd. 1 Crown Cent b8 G & F 78 pfd 100 F 8s ptd 108 0il_co; 2 ot 30 Iareont] Pet cot . % i OBt T on Oil . ne - FIoti s SSiom om Bome SRGSRRRSRE o 2380 I s, 23 oy ot 1 1E G Eigon ) o ° S W @rision o ons @sizmond oloon SRLSERESIE e s eoumB A, Woodtos et n.: 4 STANDARD OIL 188UES. 3 [ 18 3!’1 Mo i 10% ckeve P L [2 SRR NSRE 10 19 10 1 mae 2 ) e Boa-n & 2 - o - FEER I 223 = IR Fa EREE R t-an A dy poy ey oo CERE L=t - 2B & R R T Srbt SRR e - & & - B 8 1 Hotsana. 22 T & Soer ba 187 % v 8 na Dac, oy 2o5Soon 2835823025 FRTRRRRE = SRRRR R Buot >5>2>5>! 5388 TE>: 22 ErElat e :nn-'-ge a Botion [ 223 s R HET, Lot e 225, 2 o= 285 1 - aGe o B 1038 ey D111 D st 20 BDCRD! et RSB 22 » & ooe: S VAR RIS & - ooToToRDTID! B! ot 230323 23ERRRI0RS! =3 s e —— ooceooso000was o e [0 523 &8 vaseet . *2 EH <5 RN & 3 P NEGHAAS SRRSO SS®' o 2 > Eoo; 13 So> g - - DC DO EOPOSODO: aTer> POV, 5 mmfi%’-’:&s&a«rw aomaa a 234 TR i GO CA D TS D St = 134 GO 00 %3, 9 - 5 S - 8. - % A 3 Toef Taa ¥, a 3 3 S5 sesteetehstesmnestiontiy “ Eoor 3 reran bt o }" 228! 3528 g3 e, 2 [ [ ..5:9* 5, ) Fo2 5 = g O HogSe o2 EE 2S2S2R2882 ey ase e 2232325882 FRERRE R s g B 00% 7y 97 % 29 101 x FOREIGN BONDS. thousands. 5 Adriatic Elec 7s 4% 14'Ag Mor B 78 '48 97 10 Ae Mor B 75 '47 Baden 7s. reo St Prus s oo §'FTus 8 00 Con M 7s. 36 F) Ger 15 ~ £33 S8 b S s % 8747 W) 92 78 187 965 N cfs107% City 78 93 - o533 » 87% 87 91 20 Fid 91 pe é 101 101 99% 99 923 92 93 9% et w8 |3 MELLON HAS NOT ASKED OPINION ON RATE CUT By the Associated Press. Secretary Mellon declared today that he had refrained from asking the Attorney General for an opinion on the authority of the Federal Reserve Board to reduce the Chicago redis- count rate from 4 to 3% per cent, which was oposed by the bank. Although the Chicago Reserve Bank has not withdrawn its request for auch an opinion, the Secretary said he understood that it had agreed ot let the case be held in abeyance. Under 1the law, the Chicago bank cannot ask the Attorney General direct for an opinion, because such a request must come through an executive depart- ment. Secretary Mellon added that so far the conferences between Federal re- serve governors and agents and the reserve board had not touched on the Chicago rediscount rates. Baltimore Markets BALTIMORE, November 3. potatoes, 100 pounds, 75a1.90; barrel, 1.25a8.00; sweet potatoes, barrel, 1.25a 2.00: yams, barrel, 1.50a2.00; beans, bushel, 1.5022.00; beets, 100, 2.00a4.00; brussels sprouts, quart, 10a20; cab- bage, 100, 2.00a3.00; cauliflower, crate, 1.00a2.75; carrots, 100, 2.0024.00; celery, crate, 1.50a2.50; kale, bushel, 25330; lettuce, crate, 1.50a2.75; lima beans, basket, 90al1.25; onions, 100 pounds, 1.00a1.75; peppers, basket, 15a30; pump- kins, 100, 5.00a10.00; parsnips, basket, 40a5 savoy bushel, 25a30; tomatoes, basket, 40a1.00; green, 25a40. A basket, 25a ; oranges, box, 3.00a5.5 bushel, 3.00; Keiffer , 40260; quinces, bushel, 1.25a Dairy Farm Products. Live poultry—~Turkeys, pound, 35a 40; Spring chickens, 24a28; Leghorn: 22a23; poor and thin, 17a. ; guinea fowl, each, 40a90. Eggs—Receipts, 673 cases; native and nearby current receipts in free cases, dozen, 40a42; stricily fresh, dozen, 45a47. Butter—Good to fancy creamery, und, 45a49%; prints, 4914a51%; locks, 48a50; ladles, 37a38; rolls, 331 a36; store packed, 33%; ddiry prints, 333a36; process butter, 4lud2, Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, 1.34%; No. 8 red Winter, export, 1.81%; No. 2 red Winter, garlicky, ex- rt, 1.325; No. 3 red Winter, gar. mky, export, 2.295. Corn—No. 2 yellow domestic, 98; cob corn, old, 4.90a5.00 per barrel, nomi. 1 mOl'.l—No. 2 white, new, 5715 asked; No. 3 white, new, 56% asked. Old oats selling 3 and 3% bushel over new oats. Rye~=Nearby, 90a1.00. H:;:B«:‘ipu, 24 tons. New hay is arriving in only limited quantity. It is, therefore, not being officlally graded and sells strictly on its merits, within ‘MINANCIAL. . PRICES GO LOWER IN COTTON MARKET Trend Irregular and Demand Is Lacking—Realizing Is Reported. By the Associated Press. NEW YORK, November 3.—The cotton market opened steady today at an advance of 2 points to a decline of 8 points. Buying was reported on unfavorable weather in the South- west and relatively steady Liverpool cables, but the volume of demand seemed to disappoint holders of con- tracts and there was considerable realizing. Prices eased off, December selling down to 20.67 and March to 20.88, or about 19 to 20 points net lower, and the market was rather irregular in early trading. Private cables said there had been local and continental buying in the SUGAR FUTURES STEADY. * Price Changes Are Narrow and Trading Is Moderate. NEW YORK, November 3 (#).—The. raw sugar market today was establish ed on the basis of 4.58 for Cuban, duty paid, with a sale confirmed. of 30,600, bags of Cuban afloat at that price. It was believed that additional quantiti could be obtained at the same level but buyers showed no further inters, est. Price changes in raw sugar futures’ were narrow and trading was of mod- erate proportions. The undertone was steady on covering by December shorts. but after advancing 1 to 2 points, there was enough liquidation to supply the demand and prices re- acted partially, at midday standing 1 point higher to 1 point net lower. No improvement was reported in the demand for reflned sugar, which is of a handto-mouth character and from nearby territory only. Prices were unchanged at 5.70 for fine gran- ulated. . NEW YORK MARKETS. NEW YORK, November 3 (#).—Rye * firm; No. 2 Western, 1.10%, f. o. b. New York, and 1.081;, ¢. 1. f. export. Barley quiet; malting, 8%, c. 1. f. ew York. Lard firmer; Middle West, Liverpool market, with the advance checked by Manchester selling. ‘The market became quiet later. The disposition to take profits on recent purchases was probably increased to some extent by unfavorable trade re- ports from Manchester and the easier ruling of the later Liverpool cables. Offerings were comparatively light, however, and were well enough ab- sorbed, on declines of some 18 to 22 points, to give the market a fairly steady undertone. At midday Decem- ber was selling around 20.73 and March 21.95 or 7 to 8 points up from the lowest and about 12 to 14 points below yesterday's closing quotations. Wall Street Briefs GENERAL MOTORS.—The finan- cial district is looking for an extra dividend of $2 or $2.50 a share on General Motors common stock when directors meet November 10, which will be paid early in 1928. Action also is scheduled on initial dividends on the new $25 par value stock, which it is expected will be put on a $5 annual basis, with a quarterly dividend of $1.25. Thus would be equivalent to $10 a share on the old stock. which paid $8. COPPER EXPORTERS, INC.—Cop- per Exporters, Inc., has advanced the price of copper abroad 10 points to 13.70, c.if. Prime Western zinc is at a new low for the year, ranging from 5.57 cents to 5.80 cents a pound, East St. Louis. PERE MARQUETTE.—Frank H. Alfred, president of the Pere Marquette expects the road’s earmings for ihe last two months this year to hold up to last year's leval. Gross revenues for October were about 7 per cent less than a year ago aud surplus after charges was down about $250,000. Directors declared regular quarterly dividends on common and preterred' stocks. GLEN ALDEN COAL.—A proposal to split up capital stock of Glen Alden 4 for 1 or 2 for 1, first considered two years ago by the directors but tabled because of labor uncertainty in the in- dustry, 1s expected to be approved at their meeting in December. The 4 for 1 split-up is belleved lkely, as it brings the company’s stock more 4 | easily within the reach of the miners. Its supporters favor a $3 annual divi- dend, equal to $12 a share on the present stock, which sells at $184 a share. TIN PLATE PRICES.—Tin plate contracts usually released by can manufacturing companies at this time will be held up until next month, as large tin plate producers have mnot named the for the coming year. The 1928 quotation is expected to be lower than $5.50 a 100-pound box, pre- vailing for years. HOUSTON GULF GAS.—Houston Gulf Gas Co. has made & contract to buy the entire output of gas on the acreage of Coast Gas Co. New Bond Issues NEW YORK, November 3 (Spe- clal).—Public offering is being made today of the new issue of $45,000,000 Cities Service Power & Light Co. 5% per cent gold debentures due in 1952 by Harrls, Forbes & Co., National City Co., and Guaranty Co. of New York. The bonds are priced at 98 to yield 5.65 per cent. An additional issue of $10,000,000 Philadelphla Suburban Counties Gas & Electric Co. first and refunding mortgage gold bonds, 43 per cent series, maturing May 1, 1927, and priced at 98 to yield about 4% per cent is being marketed today by Drexel & Co., Stroud & Co., Inc., and Bloren & Co. G. E. Barrett & Co. and Frederick Peirce Co. offer today a new issue of $3,000,00" Union Gas Utilities, Inc., 10-year 632 per cent secured gold bonds, series “A’,” priced at 98, to yield over 6% per cent, A new ssue of $2,600,000 Federated Utilities, Inc., three-year 53 per cent gold notes, priced at 987 to yleld over 5.90 per cent is being offered today by a banking group including Federal Securities Corporation, H. M. Byllesly & Co., Inc.; West & Co., Hambleton & Co., and Thompson Ross & Co. PROFIT DECLINES. NEW YORK, November 3 (4#).—Net profit of American Steel Foundries for nine months this year declined to $3,. 503,551 after charges and Federal taxes, from $3,965,962 in the same period of 1926. Third quarter net profit was $942,311, against $1,275,792 in the preceding quarter and $1,040, 571 in the third quarter of 1926. 12.50a12.60, Tallow easier; speciai extra, 9. Wheat futures opened barely steady: domestic, De- . cember, 1.26 bid. Other articles un-~ changed. BUCYRUS-ERIE FORMED. NEW YORK, November 3 (#).— ! Bucyrus-Erfe Co. formed through the * merger of Bucyrus Co. and Erie Steam Shovel Co., has been incorporated in Delaware with capitalization of $32,- 500,000, divided into 100,000 shares of : preferred, $100 par: 500,000 shares of $5 par convertible preference stock and 2,000,000 shares of common, $10 ® par. Money to Loan Secured by first deed of trust on real estal Prevalling_interest and commission. 3 Joseph 1. Welle Wash. L § Trast ; MONEY for SECOND MORTGAGE LOANS flomes and Business Properties PHILIP MILSTON! 1104 Vermont Ave. Decatur 1681 REAL ESTATE LOANS 59, FRED T. NESBIT 1010 Vermont Ave. Mortgage Money l.ocll at Low Interest Rates Economie Conditions Tyler & Rutherford 1520 K Sicest E‘Mlip 18 | [uvestmenr Bawnxea: Woodward Building Washington, D. C. Main 2000 Money Available for FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Offices Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inspec- tion invited. B. F. SAUL CO. Main2100 92515th ST.N. NOTICE URANCE BROKERS AND SALESMEN Our Preferred, Whole Life Policy just out. Net cost end of first year, age 35, for $5,000, is $97.55. Sold only to Super- standard or Preferred Risks. A Whole Life Policy with values o of secan Sear. Gof Tepm Mo Brokerage business accepted. g H. R. BRYARLY & BRO., Managers Home Life Insurance Company of New York 1001 15th St. N.W. (Rust Bullding). Phone Main 5391. To holders of Second Liberty Loan Bonds called for redemption November 15, 1927. We offer and Recommend for Investment FEDERAL LAND BANK 4% Bonds Dated Nov. 1, 1927 Due Nov. 1, 1957 Not redeemable before Nov. 1, 1937 Denominations $40, $100, $500, $1,000, $5.000, $10,000 EXEMFT from Federal, State, Municipal and Local Taxation Price 100% and Interest range of 14.00a16.00 a ton, timothy and clover grades. Straw—No. 1 wheat, 10.00a11.00 per ton; No. 1 oat, 13.00a14.00. Russia is again taking her place in gn: w&fl a butter vmdu‘mr, hav- pounds past 13 months, — ALEX. BFOWN & SoNs Baltimore Oldest Banking House Washington Office: 737 15th Street N.W. in the United States N - Telephone Main 1055