Evening Star Newspaper, November 5, 1927, Page 24

o - T FINANCIAL ALLIST LS| - RSE ONEXCHANGE Aichison Favorite—General Motors Gains. but Steel Sells Lower. BY GEORGE T. HUGHES. Special Dispateh to The Star NEW YORK. November 5.--Rail way shares assumed leadership of the upward movement on the Stock change at the week end. Yesterds market having been able to move for- ward in face of the unexpecied in-| erease in brokers' loans speculative santiment continued to favor the buy- inz side, Abitib! Pow (5). | Abranm&sStraus Abré&Stras 7%t Adams Exp (K1 Adv Rumley v?. | Ahumada Lead . | Alr Reductn(i7) | Alax Rubber... | Albany Papr(2). | Atbay Pap bt Allted Chem (6) | Allls Chaim (6), | Amerada (2). | Am Agr) Ch of. | Am Bank N(i3). Am Beel Sug ... Am Bosch... Am Br Sh (i1 Am Brown Bov. AmCan (2).... Am Car&Fdy (8 Am Chicle (3).. Am Drug (8ie). Am Express (6). Am & For Pow.. There was no part reason for ! Am&Fo Po pf (1 taking up the rails toc Pxcept 1hat {'am Hide & Lea. thev had lagged hehind the industrials | Am Ho P (240) . in the recent recovery. Moreover, the | ymerican lce(?2) Fhstn ercesrlons e high. © | Am Internati(2) dividend-paving issues from theit | am Linseed. ... highs of the vews had carried them | Am Linseed pf.. the vields, althouzh | am Locomot (8) numerous instances, | AmMa&Fy pf7) mare attractive basis. | Am Metals (3).. wns favorite and was up | amMetals pf(7) from where it left off | Am Plano (3)... ne. at 189, 1 At Piano pf (1) wnadian Pacific | am Po & Lt (1) & Am Radiator (5) epublie.... The | am SafetyR(13) g (14) ng (8) & Rpf(]). nutt (12).. Am i pf (8). Am St Fdys (3) Am Sugar (5)... Am Sumatra. ... Am Tel & Tel (9 Am Tobacco (8). AmTobaccoB(8) Am Type Foi8). Am Type pf (7). vere on Atchi: some 4 points Friday. Atlan was 3 points higher. us almost 4 points Hudson almost 3 soints. Contral contint demand Northwester like Iy Northwes Northern preferred and North fic, hore their «§ v in the imp while Southe:n Railwav. still influenced by the pros. pect of ease in the dividend to | 2n §8 . vht around est prices for i For a time neglected. hut t gressed the price worked slightly above the previc closing he drop in | White Motors from the high of the wear of 8% 10 the current quotation | Am W W (m80¢) around 33 ha ne a long wav to- Am Woolen..... wvard discounting the reduction in | Am Writ Pa etfs the dividend effecied after the cluse | Am Wr Pa ofcfs vesterday and the stock was little | Anaconda (3). changed following the auncement. | Archer-Dan (3). What was of more significance con-| Armourofill(A) cerning the future affairs of the com- | Armouroflll(E) pany was the nsion among the | Arnold Con&Co. divectors as a resuit of the action 4 Ariloom pf (7). the resignation of the chairm Art Metl (113) Am Am 1si Motors session was as pro 'l or ). ar Ha most o her ) 10St 071 | atchison of (3). AUCL(181) | At Gult e Wi | AU Retining ( | Baldwin L (7) ~d 20! the hoard and the \sso Dry G (2 Mack Trucks and T 550 Oil (1.2 motors held firm. Kenneeott Copper 11 ths contin Crossing 78, it sold at its T p mince trading started on the Stock can Smelting & Refinine ~were up | Bang & Ar (313) ®harply. The better outiook for the | Banz & Ar pf(7) must have its effe*t upon «carnings {ann.l Leather. ecpecially for the ‘cw cost producers. | Barnsdl A¢ two points and there was a good de. | Beech-Nut (13). mand for Magma around its previous | Best&Co (3)... | Beth Sti pt (7) United States Steel fell the <ffect of | io0Mmingdale. short covering and wa St son Ami C1L A (1) | Brizgs Mfg Co.. independents did liti12 one O et other, but the teniency \\"a‘:nlm\\\ilr:‘(liRLI)n—Man(U into new high ground for the present | grondna2 T whares, reflecting the better arnings | gurns Bros (B). Shares of food and distributing com- | Butte Cop (5v¢). panies were among the favorites. ! Byer & Co... for the present share capitalization. | e e . alif Packg (4). Loose” Wiles Biscuit and Beechnut G2l PASkE (8 tically. Crossing 200, United Drug | o . y. Cr 2 Can Dry (f3%). 14 at its highest for all time. et Pt ol ng made itself felt in the oil shares but this failed to check the upward | car CigOnin 3y, best prices of the day were reached | Case Thr pf (7). 8= the session drew to a close. - ertain-Teed (4) Certo Corpn 13% i Wall Street Features | | chandclevs. ... C & O Corpn (3). ~The stock of the Foundation Co.| Chi& Alton pf. has 30 a series of violent move.| Chi& East1il. vear so far it has covered a range ChiGreat West, of over 50 points and under steady-| Ch1GtL Westpt,, where it vielde 131, per cent. The hiMil& StP pf 5 per cent dividend does not look M&StPecfs.. ‘amount of business on hand hixt the | [t & JwB (4).o profits apparently are unsatisfactory. | ! % Nwn pt(7) | o1 Rock 18 (5). Since the denial of the report that | G R1&DPpt(6). States Rubber Co. the stocks have N Yellow Cig), dropped sharply. Chilas (32.40 vester were higher fmprovement in the metal grou ehange. Cerro de Paseo and Amer market for the conper metal nzturally | Bk Comerce 718, A Calumet and Arizona ran up some | Bayuk Clgars.. high. | Bathiehem Steel Steel Sells Hizher. Blumenthal pf $wo points higher at 5 v or 1he | gyin Bdison (8) improvement. Ameri-an it ©outlook. | Bush Term (b3). notably Nationa! Biscuit, at 2 new top | By.Products (2). Packing were carried forward svimpa- | G3[\E Pet 1) o In the last half hour renewed buy- movement in other directions. The uleThreshg ) | Cerro dePas (15) Chand-Cleve NEW YORK, November 5 (Special). | Ch! & Alton. ments in the past two vears. This| bl & kastli pf ing liquida‘ion has dropped to a basis | Chi Mil & St P. .mecure . The companv has a large M&SLE pfcte. s | Chi Pne Tool (6) United States Rubber Co. the duPonts were buying into United | ©R1&P ot (7). The selling has heen eccentuated by the statement for 10 months, which shows less than $1] a share earncd on the common, com-| pared with $3.65 a share in the same period of 1326 Gross sales to Oc- 1oher 31 were off 10 per cent. Bank | Joans have increased $3.250.000 since | June 30. The investment position of the % per cent preferred is again! under question. | COTTON GOODS QUIET. NEW YORK. November 5 (Special) - Cotton goods markets closed week quietly with prices generally un changed. Print cloths were steady at for 64x60s, and % aw smilks sold off 10 cents 1sionaliy more in a dull mar hrysler pfA(8)., ity Stores (B)., luett Peab (5). Cluett Pea pf (1) oca-Cola (5)... oliins & Alk(4) ol Fuel & iron. Gas & Bl (5) Carbon (4).. m inv (3.60). . | Com Soivents(8) | Com Powr 1234). nde Nast(2),, teuni-Na ng Cgrset4i) nsol Distribut 50! Gas (5).. i nsolGas ) | ConRKCuba pt 6 { onxol Textije. . nt Baks A (4) ut Baking B.. nt Bak pf (8). out Can (5) nt Insur (6),, nt Mont (s¢) | orn ExBnk(20) SILVER GUOTATIONS. W YORK. November 5 (#).-—-Bar r, 57, Mexican dollars, 43%. GERMAN BONDS AND STOCKS. . B Special Trased Wire 1o The Star. NEW YORK, November 5. o Avked B30 BROD ba Cane Sugar ha Compary. . ba R R bt An 5 ban Am pf(7) Sudany kg (4). yamel Fruit.. 0| Davison Chem. . w0 | Deere&Co pf (1) )| el & Hud (3).. V| Del L& W (17). DRG Wst pf... Detroit Ko (8).. )| Devoe & 1242.40) o | Diamid Mich(¥). ! Dodge Bros Cl A | Dodge uf (7). | Dunnili It (4), Dupont (13%).. Kastman (18) y Axie (). senionr & Hro. AULOLE (1635 ) w00 w100 oo i, .00 1200 110 T 50 1o EEO e S e BOSTON STOCK MARKET. 21 Leased Wire to The Sta, STON of toda B spe 2% iz a ) cloging riocks Eiee Power & Lt Filec Refrizeratn ik Horn pt ovember s hizhe prices for the dealt in here Hizh Following ext ani active most fauil Binz: SanitableTr( o 1t 1t ) % : Last Steamanin Kuteka Va f147, Ied Ligten1.40). e L&T DL 18). ed Min pf (7)., Fid Phoenix(4). Firat NatSc114) . isk Rubber. 13a | Kieischmann 11% | Foundation (5). 10 Fox Klim A (4), Freept-Tex t4% Gabriel Sn (3%4) et Leuther Cornclia & % s 430, Gen ATCpf (7). 18% Gen Asphait.... - 219 | Balto& 0 (6)... 117! 109 Gardner Motor. . L% [ Gen Am Tnk(4). Open M 128Y 1 109 1 T 11 Low 128 109 1 1 9RI. BN 1467 149% 14 12 112 301, 30 100 6% 100 100 691 691 1 1 103! 12 0l 8o 102% 102" 13 39 9 1104 1104 110% 80" 8 28% a1 BTly 1 42 42 168% 166 28% 1284 1 138 198 10075 100 100 110 61 6 17 480 491 10 ax 4”1y, 494 10 49'% 10 6 3 5674 114 114 114 464 4 41 41 41 Atchison (710).. 18; 103 187! 105 1 189 e 1175 » 118 110% 1100 110' 546 546 44 4% 901 66 546 51 114% 1145 114% Sty 381y BB 381a 87 H4in 6dla 820 0% 675 “ 4900 63 | Can Pacitic (10), 191 14 Cun Pac 1st pd.. 1874 19 934y 3 118' 11 628 5 5 210% 209% - B4 B2i O 1k 100 430 64 28% 89 145 1 127 iz 104% 105 104, 103 103 104 4 102 109 44 w9% 100 49 165 o5 42 29ty 100% 100 49 4y 169 165 68 113% 114% 113 99 600 600 oY 0% 105% 106 B0 Bl 111 »0 1 £ 200 20% 59 4100 410', 410% 62 64t b2 59% ETTN T 40 W w01, iy Yhl, 1650 16; 40 PN 96y 163", Zht 15% b8 “8 4% 0% 2 8 57 3 110% 110 110% 824 83 82 10 15% 63 15% 5% A9% © 8 Slose 129 111% i 'y | Gold Dust ( 10 Nik 68| 100 1ot% L3} | Int Mer Mar pt. { Int Nickel | Intl Paper ( | lowa Centrai. | Keystone T & R. {Loft... Man Shire (2) Marland Oil.... | M | Mo K & T pf (6) | Motion Pic Corp. THE EVENING NEW YORK STOCK EXCHANGE | Received by Private Wire Direct to The Sta Hizh I8 Low ¢ 138 ) pen ! D (8). 138 1 H ars9).. 71 e s | il |:-:~41 1 ien Gas pra (7) 109t Gen Motors. . 11 ien Mot pt (7). 124 en Outdr Ad(2) B | 10915 109° i 120' 1810 i efrac (2) iette SaR(i5) imbel Bros. ... { Gimbl Br pt (7). Glidden Co. | Glidden pr pf bes | Goodrich lu (4) | Goodyear Tiry 5 53 | Goodyr 1st pf(7) ! Gotham new 215 { Granby Con Min Grt North pf Gt Nor pf efs Nor O (1} { Gt Wes S(2 | Gireen Canan.. | Guantanamo. { Gul? Mo & Nor. ulf States Stee) stk. 991 6l 100 {Hoe & CoA..... Houshid P (3%) Houston ¢ 2 ! Howe Sound (4). Hud Man (273). | Hudson 3ot (5) Hupp Mat(1.40). i [ i Lilinols Cen (7). indep O1l (1)... Indian Refining. | Inland St ¢ s Inspiration Copr Inteont! Rub(1). Internat Agrt. .. Int Agricni prior | Int Bu | int Com king ¢ Int Comb pf (7). int Harv (%) IntMich pf( Int Mer Marine. pins 1015 1015 217 ° 21b% 2 40) 66 661 6 | er pf (5. 100 100 i 104 104 1911, 1917 ' 12513 1474 1467 P! %24 2% 134 601, 60 30 92 Int Pap 191% ¢ 70 2 241 el & Tel () Jones Br lordan Motor Kan City South. Kelly Kelly Tire Keily Tire 87 pf ennecott C (5), 681y 116% 116 994 97 Kresze (1.20) Kresge SS pfe8) Krese S H (hi). Lago Ol (T5e).. Lambert Co (76) Lee Tire & Rub. highVaiiiig) n & Fink (3) & Myrsifi4) &MyTsSB (f1) Lima Loco (4).. Lig Carb (3.60). Loew's Inc (2).. L L 6 e 301y a1 Long Bell A (). Loose-W1l(1.60) L.orilard Co + Lorillard pf (7). | Louis & Nash(7) MacAndrws 214 24% 6 | n pf (7) May Dept S (4), Maytag (12%).. 3 -8t | Mexican Seab, | Miam1 Cop ()., Mid-Continent. ., Middie States Iiller Rub (2)., Minn & St Louls M St P&SSM pf. Mo Kan & Tex.. 74 42 a0 Wkt 106 540 110 A24 0 T sour: Pacitic. Missour! Pac pf. Montgmry W(4). Moon Motor. 1097, Elw A T 21 Motor Met (3.60) Motor Whi (2).., Muitins Body. .. Mullins B pf (8) Munsingwr (3). Murray Corpn.. Nash Motor(15). Acme (sta), Nat Bellas iless. Nat Biseuit(17). Nat Cash 1t (A)3 Nat City Bk (20) Natl Dairy (2).. Nat Distiilers. .. ! Nat Pw&Lt (sue: Nat Ry Mex 2d. i Nat pply 14). Nat Surety (10). atTea (4)... evada C(1%5) .. NOTex &M (1) NYAirBre3).. N ¥ Cent (8)..., ¥ C&SLL (6).. Y Dock. . SY Dock pf (5). NY NH & Hart.. NY NH&H pf(7) NY Ont& W (1), NY State Rys pf NY Steam pf (8) NY Stm pf A (1) Norfolk South Norf & Wnii10) NorAm b1n7 stk North Am pf «3) i NorAm 14 pf7) orth Pac (5). Nor Paccf=i5) | Norwaik Tire... 011 Well Sup. 1 | Oil Well S f.. 5 | Omnibus. 2 H hm Col (4) evator (6) ev pf (6). QutletCo (4)... | Owens Bot (C15) | | Pacine Gas 2 TR 164% 161 17 15 140 140 4% 40 164 30 | 1004 110 e 100% 100 1o 110 AR 497 934 i | 142 | 121% =0 148 45 | P . Pan-AmPetB(4) Pan-Am West B. 1"anhandie Parmt-Fam (§%) Paramt-F pt (8) K & Tiliord. . | Park Utah (8be) atne 15X A (4). ino (a®10).. enick & Ford. . Penick&F pt (7) | Penna R R (3'%) i Peoples G 5 AL 6| 49% 200y 1! 10K' 1075 108% | 120 | 45 40 hilip Morris. 1ips Pet (3), Piere Iierce Arrow of. 1erce 01l STAR. W | Schulte (3%4). v 1, Tenn Copper (1) | Tid WASOLIDE(6) | va-Car Ch 6% pt | Warner Pic A... ! West P Po pf(7). | West Pa I White Ea XGTON r Office. Close B4 66 21 Bxi 56 99 Onen 81 65ty Hizh Bl 66 21 8B Bty a9 Real Silk pf (7). teid 1ee Crm (3 ftem-Rand 11 60. Rem-Rdlst (7)., tep Ir & St (4). Rep 1 &S pt Iteynolds Spnzs. Rey Tobac R (5) tossia Ins (8).. sia Ins Co rta tland pt g fety Cable (4) St Jos Lead (3) 109 T8 43 t L Southwest. avage Arms. ... 51 1 Shattuck I G (2) 2 Shell Un (1.40), Simms Pete. nclair O elly Oil ( 'y { Southern Ry (1) South Ry pf 264 60 60°n GBI 61 td Mill (5)..... i Millg pf (6). tdO1ICa 1 ( td Q1IN Y (Lh0) teriing Prod (6 Stewari-War (6) Studebaker (5).. Submarine Boat. n Oil (11) B un Oil pt (6). 1003 100 Superior O1l 3 87 i Telautogra (60c) 14 o 23 rexas Corpn (3) rex Gulf Sul (4) rex & Pacific. .. lex PC&OBIC). ‘Tex Land Trst n idewatr As Ol), 98 Liis 87 ' 10% 10015 13 St Cimken (i5).... robac Prod (7). obac Prod A (1) ranscont Ofl. .. ransue & W(1) Underwood (4). Bag &Paper. 1on Carb (6).. ion Ol ( nion Pac (10). cific pf(4). rStCsoc) nited Drug (4) td Drg 1St (3% SC 1 P&F (10) Distributing 5 Alcobol (5). IndAif pt(7) U'S Leather w1, IS Leather A.. eatprpf(7) U S Realty (4).. U S Rubber... U'S Rub ISt (8). IS Smelt (37 Steel pf (7). Tobacco(3) niv PPipe(iz ULt A e nadium (14).. ‘ick Chem (4) ‘ictor Tk Mch. . Vietor v pt (6). ctor pr pf (7). aro Chem. . ) ) 42% 91 YTk 1it 40%5 va-Car Ch pt (7) Vulcan Detin | Wabash.... Waldorf (1%) Ward ClLA (8)... Ward Baking B, 24 17 19 Warren Bros (4) WarF&Pipe Cor, West P Po (6). il West Maryland. 48! West M 34 440 S0in Westinzhse (4). sle (2) White Mot (2)., White Sew Mach White SM pt(4). Wickwire cft Willys-Overi. Wilson & Co.... | Wilson Co pf A.. Woolworth (5).. Worthn Pump. . Worth Pump (B) Wright Aero (1) Truck. Youngstn 827y As ziven o the above tarie the are oL Incliuded * Uit of tradi artly axtra. earned. a Pavanio o cagh o " 10% 0 ata Plus 1/50 ok h Plus $1 a share in epecial Tlus 8% in ook ) 2lus s Payabie 1740 of 4 share ou A stock. 'm Plus 8% in stock. stoc, p PIus $3 in ureferred stock al? of common stock. BALDWIN LOCOMOTIVE, hotders of Baldwin Locomotive Wor 1t a4 special meeling next will amend the by-laws to incre; directors from month Fred J. Fisher and Clarence | Eitting will be elected to the bo: The semi-annual dividends will be a ed upon this month, provision which was made in a reserve set up out of umulated surplus, Gross sales for 1927 ave estimated at sbous S83,000.000, szainst $47.891.668 in 1925, Operations will be at per cent this month and December to fill schedules calling for shipments of locomotives before the end of the year. UNITED STATES RUBRER €O.— Net earnings of United States Rubber | . for 10 months th ted at ahout vear ave esti- 100,000, a decrease m the same period of s were about $19.000 f tires alone bheing Bank Joun, 800000, com 000 on June 30, 000 per cent unde on Ociober pared with $1 COPPER BUYINC OD. —Cons tinued good huying of copper on ign acount is reported, close t 000.000 pounds of the metal been sold abroad in the last two days. Domestic buying is in moderate vol ume. It is xaid a large tonnage could be sold at 131, cents a pound, but abricators are reluctant to pay more just yet, STATES CAST IRON of United States Pipe for nine months of - un 104ty | 150 | Thursday, | FINANCIAL. SATURDAY. NOVEMBER IPRICES GO HIGHER B € CAPITAL HAS GAIN | INBANK CLEARINGS IN COTTON NARKET 1Weekly Report Reveals Tr.ade Fluctuations .Narr.ow andl T TSP S— | Advance—Reserve Ratio ' Gain Small in. Brief Sat- ; Offers to Make Lowest in Country. urday Session. | 1| First Mortgage Loans REAL ESTATE LOANS 51,9, FRED T. NESBIT 1010 Verdont Ave. Main 9302 MONEY for SECOND MORTGAGE LOANS Fomes and Business Properties PHILIP MILSTONE 1101 Vermont Ave. Decatur 1681 | BY EDWARD C. STO | © in Washington dwr Novembher 3 Br the Associated Press. NEW YORK., November “The cotton market opened steady today at 1n advance of 3 points to a decline of 3 points. Prices improved somewhat , trading on moderate demand 5. On Improved Real Estate in the District ot Colun.bis and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your 5%% - Apply RANDALL He HAGNER & COMPANY incormorated MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Rank cleari ling the week ending | reiched the sum of $27.580,000, an ex collnt gain over the week endin ctoher 27, w e tots $ i steadine: e e Rrastrort s Lot | romoted hy the continued steadin i (e T gek of Liverpool, which helped to offs Moo et e [ untavorable irade advices from \f Toed 1ol ecte or reez wal clearings were, however, | chester, and prosp or e o the s eer: | tsmpeatures In parts of Arkansas and a ~ ago, being off 1.7 per cent. The | Oklahoma 4 (u:x; ]\\rn(h»‘r the past few days January <old up to and Mav to oepected to be reflected in next week's | 21.17. net advances of 6 to 7 points clenrings, when a_substantial gain |bY the end of the firat howr, = ov ot Tast vear may be expected. The| Private cables reported calling, cov- rl\.-n'm"n.(ru the whole year to date |€ring and continental hu_\mgflm |(|,g are still well ahead of the same period | I-iverpool market. hut |’iw offers for A vear ago. cotton eloths from Tndia were most iy Richmond reported clearings of 557 unworkable and that manufatcurers 2000 for the week, which was ahout | were losing groun e 500,000 ahead of {he previous week | The amount of cotton on shipbonrd i % t the end of the ‘nd 16 per cent ahove last year. The 2 ng clearance a 3 |y:~‘~|‘ ‘uli'!’t in this locality was made by | Week was estimated at 120.000 bales altimore, clearings being over $118,. | asainst 169,000 last vear. 000,000 compared with <omething over | (K“:I'\;:;Il‘/‘lrll‘fi for the week ending un’wHEA—_f_HAs UP?URN ON LIVERPOOL NEWS Fifth District Ratio Lowest. Small use of Reserve Bank credit i=I made hy banks in the fifth | Adverse Crop Reports From Argen- tina Also Factor in Price Advances at Chicago. Office Buildi usiness Property Apartment ies of H ome 20, MESSRS. STORY & COMPANY 812 SEVENTEENTH STREET N.W. Franklin 4100 - disirict mn the form v 1 he Richmond Bank | ras been putiinz, its zold reserve 1o work by making temporary inv ments in bills and Government securi- | ties. | These ANNOUNCE THE OPENING OF A | invesiments, which are en-| | tively in shovi-term s some of | !'which are iy maturing, and | By the Associated Py | which have a ready market, have re-| CHICAGO, :November Tnex- 43 cestral hank's resarves o pected strength of wheat quetatio the Richm ank's ratio was at Liverpool together with adver to 4211 per ont, a tew week: ‘ p reports from Argentina gave an . This wns within nearly 2 per|early upward swing today to the cent of tha iex«l winimum, but later | wheat market here. Private advices | operations have hrought the ratio | from Arzentina complained of rust | kK to 50.1 per cent. lin the North and frost in the South. | The Richmonl Bank's reserve ratio | Opening unchanged to 1> cent high is still the lowest of any hank in the Chicago wheat soen advanced s <vstem. but earning asseis of the bank, around. Corn, eats and provisio, due to its investments in hills and | were likewise firmer. corn rti securit are constanily ahead of unchanged to s cent up and subse- last year. quently hardening a little more. . | ""An opening brisk advanca in v nsured by Groups. prices at Buenos Aires today tended | Information has just reached Wash- | io bear out reports of unfavorahle ington t three conferences of the crop conditions over parts of Argen Methodist opal Church uth | iina, especially talk of damage by rust have compl plans where the | in sections to the north. ils took | | ministers are to be insured under & note also of word that a heavy snow group plan. | had occurred in the anadian | he organiz orthwest, a ecircumstanes likely to | | ville, K souri and Southwest | hinder the movement of new wheat Missouri Conference. Three hundred there, ind fourteen ministers are insured - according to some authorities, prac under the plan for a total protection tically all overmigit offerings ot $i 00. F ited States Winter wheat a It is believed that this ix the firs! c;nag5an wheat to Liverpool s time that the group insurance plan | oG &P SRS TG e on adopted for the ben>fAt of the | imates of Au & ymen in any of the religious de- nations, MORTGAGE LOAN DEPARTMENT | that down L TNDER THE MANAG MR. ALTON L. WELLS Applications are invited for first trust loans of size. Special facilities tor handling construction financing. N any reat | ons include the Louis URELY no Investment ever more justly championed than First Mortgage Notes, secured by Improved Real Estate in the Nation's Capital. Tob haues thek praisayafl ousy saiiafiad clientele is to realize how thoroughly this medium of safety is holding the ceapeath bl oldesh I s entorad aidicond stantly winning the faith of people le: experienced in Financial Fields. " FIRST MORTGAGE SECURITIES SHANNON ‘8; LUCHS 1435 K STREET N.W. MSPHERSON SQUARE, NORTH was {ward revision of Aust tion figures was tion of news that fu ture had heen | where need~d. | TWO VICE PRESIDENTS ADDED BY NICKEL PLATE! CLEVELAND, Ohio, (A).—Announcenient of ! ment of twa new vice presidents of | the Nickel Plate Railroad is made here by W. L. Ross, president of the ! road. { The new vice presidents are H. J Klein, who will be in charge of opera- tions and maintenance, and J. W. G ham. who will be in control of traf: Mr. Klein hs been general manager {for the Western district of the Erie ! Railroad, with headquarters in Youngs- town, Ohio. Mr. Graham was form. zeneral traffic manager for the Clo: fmerce and ths National Tax Assacia- | leaf Road, but has been in Cicveland tion are to present a nation-w - | #ince early this vear in charge of traf-! | peal for the Federal estate tax hefore | fic for the Nickel Plate. [the next session of Congress. Many | S DENNY SUCCEEDS BALDWIN ‘n!]u\r national business associations e also to join in the demand. Such 1 ation will be opposed as an inva-| NEW YORK. Novemher 5 (#).—The election of C. K. Dennv as operating® president of the Erie Railroad to 1 of States’ righis and an unwar- ranted assumption of coercive power. | eed William A. Baldwin. was an- terday. He will assume Want New Fords on Sale. [ Esinceans Local dealers in low-priced automo: ' his new duties on November 1. Mr. will take a year's leave of | biles are anxious for the new Fords | Baldwin to appear in Washington. Manv | absence, | pects are staying out of the market P ILLINOIS PIPE LINE. until they e the new car, thus re- tarding purchases of other makes. Hundreds of orders for new low-priced | pINDLAY. Ohio, November 5 () machines are reads to be released as | pivectors of the Tliinois Pipe Line Co. soon as the new Ford product actually by o B 00 L " L ual dividend of arrives herc. The other companies|gg s share, payable December 15 to expect to get their share of the busi- | iockholders of record November 14. ness, but dealers say it is very diffi to get contracts signed under e e present conditions. ! PRICES ON PARIS BOURSE. Other Financial Notes. PARIS. November 5 (#).—Prices Case. Pomery & Co., using the Sonth. | [vére steady on_the Bourse today flrnnl .i‘»:\'m e r‘?mo mumhxn‘ earnings | Three per cent rentes, 54 francs, 60 and business conditions in the South (ehtimes: exchange on Lendon, 124 nems oot V| centimes: 5 per cent loan. as a basis, predict that the road will | Z13RCS, 872 oA Lmen: 5 DiC Sent loan. and the vear with earnings of approxi- | oy (rde% 2 CEON AR, (LR i Loe e mately $14 a share on common stock. EXTRA DIVIDEND VOTED. The Pennsvivania Railway has j | established a burean of new ideas to | which all employes In all departments |y vope Novantos & ey Pratt & Lambert, Inc., Buffalo, de- | elared an extra dividend of $1 a share |are urzed to send constructive sugges- | tions for bettering the road’s service. {on the common stock and the regular | quarter} s, hoth payable The Atlantic National Bank in Bos. on has adopted the chute idea for t deposits. the same arrangement | Jo>t! el 3 which the Federal-American National |panuary 3 to stack of record Decem. s used here ever since the new bank | 5 vear ago. $ constructed. ‘ vi & S. 8. Kresge reports October sales of | = 2.081.135, a_gain of 10 per cent over | WILL ENTER RETAIL TRADE. Ten months sales reached $93, e ” = 12k GOt Pale NEW YORK. November 5 (@), o et " were 13.¢ | The Petrolenm Securities Co.. owned b 36 by Edward L. Doheny. will enter the alia’s produc- | hed to confirma. | rer useful moi received in Australia Prospects for Winter Trade. Within the pust week the National Association of Manufacturers en out the result of its annual surve nditions. hased upon a canvas lines of industry. The summar indicates a slightly lower siate of a tivity than existed one year of the reports upon the pr | Winter trade & per cent rate them as excellent, 44 per cent'as good and 40 per cent as fair. Comparing business nqw with last 3 per cent of replies pronounce better, 27 per cent 2s unchanged and 40 per cent as lower. Reporting upon labor employment, 13 per cent mote an increase and 57 per cent a decrease, but in most cases wih inereases and decreases are re- | ported as small. ! Bankers to Demand Tax Repeal. The American Bankers' Ass the United States Chamber of NN\ SARNRNNNNNN November the appoint- 51 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs ir Montgomery and Prince Georges Counties, Md. 5%2% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 ahead of last vear. The 10 months | o ene . L ot 2 L ths | reail business in Northern California. oy menel 321 compared with 4" gigtributing plant will be esta §24,612,736 in 1926, an 18 per cent gain. | jigheq at Richmond, San Fran v g F i | Bay. CUT COTTON ACREAGE. | North Carolina Farmer Planted More Tobacco and Peanuts. FIR'ST "MORTGAGES Commodity News SAFE FOR US MEANS SAFE FOR YOU CHICAGO, November 5 (Special).— RALEIC vember 5 (#). | Prices continue to sag in the Western : . i liron and steel market, with declines o Nouin ers. mindful of | ¢’ {050 cents a ton reported. Heavy the overburdened cotton market a Year | Smeiting steel has sold at $i1.75. A {azo, lopped almost & quarter of a mil- (drop of 25 cents. Other grades were Tion acres off of their production figure | off, some of them even more shm-ply.} during the past season. according to 5 = | remort of 1. 0. Sehaub, lean cf the | FORT WORTIL—Orderly gnthering | hool of viculture at’ North Caro-|and early marketing of the Texas | lina State Callege. cotton crop this vear has resulted in Mlthoush the cotton acreage showed '@ surplus of labor at this partienlar S J00 acres, the te-|time, when ordinarily there is a crop 4 neariy 8,000 Scarcity. Thousands of pickers are while anut acreage in- left without work when usually they rd 39 This latter in-|are the busiest. feared, will lead to over- | 5 | nroruction. and correxpondingls dow | SO ST ek onding coal (Rl el port stated: | ioday, after being shut down since e " | S April, 1924, The miners are working | § —we see that the mortgage is | DROPS STOCK CHANGE PLAN. | under an independent agreement with | Without a y g .g W Veiiinse don oae— |18 COTEIECORITET GokaC) | in all cases secured by desirable In selecting improved Washing- ton property to serve as the basis of investment values offered our clients in Ower a Third 07, of a 70 FIRST MORTGAGES he largest mine in | Century The orF rRiood o have heen mor £20 0 share. OWing to low prices L for pipe fourth-quarter profits are e | ed 1o be small, but best for th [ vear is estimated at $21 to $2 | <hare, against $33.68 a share in 1926 AMERADA it Corpor rned $3.00 tierce I'eirol 1*ilisbury (1.60). in1tts Coal. .. IPits Ter uf (6), Piits &W Vah). i’orto Rieo To B, [ Pastum (5) P'ressed Sti Car, 21 P’rod & Refiner Pub Serv NJ (2) Pub SI&G peis) Pulimn Cor| a Alei Sug. e Ol 11.87% . Purity BakA(3). PurityBak of(7) tadlo Corpof A. Radio C pf (3%4) Reading (15)... Reading Ist (2). Keal 811k Hos. PORATION.—Am i subsidiaries in the nin- rinst $4.58 & share | last year, net in $2,553,702 grom tion / a ‘ 108 Kl 108 108 come declining to FRUIT GROWERS EXPRESS. IPrult Growers' Kxpresa ta In the mar Lot for 600 steel underframes, and the Pennaylvania Raflroad wants 12 gax electrfc_motor cars. The Chicago North Western I inquiring for 1, hoppers and gondolas, 81 S 1041y 42 2 80 B0 » 545 5 1074 101 10T 28 42 42 TR 2 for SEAT BRINGS PEAK fRICE. EW YOR Novembher 5 (P).—A membership the San Francisco St and Bound Exchange has been sold for & new high rd price of $100,000 to George D. Roberts, an ad- vance of $10,000 algyve the prev transaction. . Tntern: Mereantile Marine o e s Téss in a letic stock holders need yesterd: at doned its plan readjustment and | cation of capital stoc | it of the recent injunction ob. tained by the owners of 1.680 shares | of preferred stock in the New Jersey | Court_pf Chancery. The letter ex iined’ that the company had heen viged hy eounsel that the injunction would be sustained on appeal. ttle and sheep are over for the | Receipts will diminish fvom now on. Hog receipts should show | 1 moderate increase in the next two It no heavy runs are ex ted hefore the middle of December Killers will not find live stock above urgent needs for some time, ! MANCHESTER, N. H.—Poor ship- ping facilities are assigned as the rea- son for the deciston to move the fac- iory of the Melville Shoe Co. from Nashua to Worcester, Mass. The plant has operated factories at Hoth Nashua, N. 11, and® Manchester, pro- ducing about 2,000 palra A day. Hosiery mils of central New Hamp- shire now ave operating at ahout 75 per cent of as against §0 per cent @ year improved property that is con- servatively appraised. SAUL CO. 925 15th St. N.W, . B. F. Main 2100