Evening Star Newspaper, November 7, 1927, Page 10

10 # STOCKS DEVELOP IEHER PRICES Most of Groups Show Strength—Buying Motives Regarded as “Mixed.” BY GEORGE b to T TREET. NE moved Not_all T. HUGHES. Special i Star WALL vember 7 orously today. strongz, but leaders i dend-paying = stocks. the o motors. Undoubtedly buying were mixed fluence was probably ‘the demonstra tion the market itself had siven last week ' of its recuperative power Tradp erally were moderately op timist r the show of and the remnant of a short thought it wise to take in their tracts. Mo however, was the infl nvestment money that was rey 1 on every hand With Government financing be on favorable terms, wi sct of tax reduction brizht 1 ving attractive in_inve 1ble. oups were of them were, the includi the divi the merchandising and some of the Stocks mosf din rails, pers motives for the . The chief im e stocks interest nificant the is ne the i minent. of rail- ither ture, on- | FINANCIADS NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open AbItIb! Pow (5). 130% 130% | Abranm&straus 1124 114 | Adv Rumley pf. 25 26 Ahumada Lead. Air Reduectn(17) Ajax Rubber. Albany Papr(2). Atbny Pap pf (7) Allled Chem (6) Allts Chalm (6) Amal Leather pf Amerada (2) . Am Agricul Chm Am Agri Ch pf.. | Am Bank N(13). ! Am Bosch.. . Am Br Sh (j1.60) Am Brown Bov. Am Can (2) Am Cars Am Chicle (3).. Am Drug (80¢c). Am Express (6) Am & For Pow.. Am&Fo Po pf (T | Am Hide & Lea. Am Ho P (240). American lce(2) | Am La France.. Am Linseed. . 67 Am Locomot (8) 1u2% Am Loco pf(7).. 1 Am Machine (2) 1 | Am Metals (3). Am Prano (3) Am Piano pf (1) Am Po & Lt (11) ! Am Radiator (5) Am Ry Exp (6). ! Am Eepublic. SafetyR(3 Seating (14) Shipbldg (8) Am Smelting (8) AmS &R pf(1). Am Stl Fdys (3) ugar (5)... 129% 129! 1091 11 176 176% 1767 84 8 20 9814 Y8% 149% 1510 149 20 5 121 431 3 1 401 417 8% 8% 68l 6814 100 101 70 91 13% 14% 1 172 10412 12% 687% 6 67 100 101 71 W 14 250 25 1041 12% 10 10202 89% 9 6774 132 106 414 56% 421, 10614 169 128% 133 106 106 4% 421 106 106 at stock has ever | Am Sumatra.... cha no ze the m that the rate raised to S8 at the next meeting, or ¥ least early in Rock Islanc as bid up active ilthouzh the k s0 confid in at this and the - expecta will he | nes would bursement | Aside from these instances, standard shares like At y Coast Line, Baltimore & Ohio, Chesapeake & | Ohio, Delaware & Tudson, New York Central, Union Pacific and _others were in’demand from time to time. all | at higher prices. In_the Northwestern | croup, N Y s the leader. - didivend pay Western M na | ras among the most conspicuous, with | more interest taken-in Kansas City Southern and St. Louis Southwestern. | General Motors and United Steel responded to the bett and so did General Electric. a little slower getting under way t the others, hut it made a new on the recovery as it touched 137 The copners were consistently bought | under the leadership of Kenneeott, e a new high for all time, | Returns Far Above Average. | Calumet and Arizona, Cerro de | Pasco and Anaconda foliowed along. | The return on all these stocks is far | above the average, so that as long as the outlook for the copper metal reasonably good. the interest is read- | {ly understandable. As for the merchandising shares, the | stocks of both the mail order and the | department stores were in _favor. Macy, Best & Co., Kresge, Woolworth Montgomery Ward and Sears-Roebu Were among the leaders. Expectation of a prosperous holiday season was, of cour the ready explanation. The oils were laggar Thi no actual weakness, but pric fractionally lower as a rule. Evidently it will take more convincing evidence than has yet heen given to persuade £ Wall Street that the turn in the oil trade has come. Hold Firm in Afternoon. Activity fell off in the afternoon, but | most stocks held firm around or just below the highs of the d The tend- | ency was to take up issues which had | not enjoved their proportion of the general recovery. Corn Products v strong, up two polnts, and specialties | like Lehn & Fink, New York Dock, | Congoleum and Gold Dust pushed ahead. Houston Oil gained over points, while among the rails Minne- St. Paul & Sault Ste. Marie of 3 points. Copper shares held their forenoon gains. American | Woolen common and preferred ranged | * higher. | SHORT-TERM SECURITIES. | (Reported bs J. & W. Seligman & Co.) | No0h—— “Arked. | To1 % | 1 Alum_ Co. of Amer. & T i Am. Tel. & Tel. Co. i3 s, Gopper 05 10207 1013 1 | ssociated Oif 63 19; : dtimore & Ohio Gs 192 3 { Batavian Pet. Co b Cant. Pet, Corr, 5 1001 | « . 10015 | 100 1001 01~ | Dela. & Hud ! Edicon El rie Rws. en. Mot Accent. € I Fet. Cor oodrich ¢ 10113 1001, o r 10034 Hershey Chic Humble Oil Mass. Gas Ce Oregon St o 9l of > I Mt Swift & Co. Tnion il of ¢ Tnion Pac. R TS Rubber 7 1 Whe FEDERAL LAND BANK BONDS. c e 1835 105% 3 by Alex. Brown & Sons Bid. A FOREIGN EXCHANGE. (Quotatic 14 i GERMAVNrBE)i‘!BS AND STOCKS. ok YORK, Nove S 100 R el o ! Balto& O (6).. | Bethlehem Steel | Calumet & Ar (6) | Caiu & Hecla (2) Am Tel & Tel (9° Am Tobacco (8). AmTobaccoB(8) Am Tobac nf (6) Am Type Fo(8). Am Type pt (7). Am W W (m80e) AmW Wks pf(6) Am Whise pt (7) Am Woolen..... Am Woolen pf.. Am Writ Pa ctfs 110 63% 64 63 63% 1000 1001 100% 100% 108 108 108 108 5l 0% | Am Wr Pa pf efs Am Zinc pf. 4 58 Anaconda (3)... 48% 49 Armouroflll(A) 9% 10 ArmourofIll(B) 6 & Arnold Con&Co. Art Metl (1%).. Asso Dry G (2% Atchison (110).. Atchison pf (5). AtICL (8%) Atl Gulf & W1 At Gulf&W1 pf. Atl Refining (4). 117 16' 47% 46% 18913 1907 189 103 103 103 8814 190" e 347 3219 17 19 103 u7 Austin-Nichols Autostrap A (3) Baldwin L (7).. 253 253 253 5 18% 119'% 118% 11 Balto & Oh pf (41 X0k 80% 80% 80% Bambgr pf(613). 109% 109% 109% 109% Bang & Ar (3%). T4 714 70% 70% Bk Comerce t18. 580 580 Barnsdl A(b2%) 2374 Bayuk Cigars. .. Bayuk 1st pf (7) Beech-Nut (13). Best & Co (3)... 107 6674 51 Beth Stl pf (7)., 114'% 115 Eloomingdale... 40 Blmingdle pf (7) 113 Blumenthal pf.. 88 Bon AmICI A (4) 64 Booth Fisheries. 5 Booth Fish 1st 40 Botany C MillsA Briggs Mfg Co.. British Empire. . Bkln-Edison (8) Bkiyn-Man (4). 2 5 Bkin-Man pf(6). 80% 807 Bklyn Un Gas(5) 134 134 Brown Shoe (214 o 44% Brunswick B (3) 327% Brunswick Ter.. 84 81 Buff Roch&P (4) 721 721y Burns BrosA(8). 102% 1 Burroughs Ad 14 i3 Bush Term (b8). Bush Ter de (7). 1( Bush Trm pt (7) 116 Butte&Super (2) 8% Butterick ( 46 Byer & Co.... 84 Byer & Co pf (7) 110 Calit Packg (4). 673 Calif Petm (1) 237 Callahan Zine... 1Y 931y 16% 17 16 CanDry (+3%).. 49 49% 47% Can Pacifie (10). 194% 197 193t 196% 113 895 641 112' 112% 88 64 b e 2 1785 176% 176% s 56Y 56la w80l 807 134 4315 32 B4 7218 i34 44y 324 81y 7214 % 105% 105 116 116 116 8% 8% s 462 46% 463 85% B34 N4 110 110 110 67% 67 67 W 23% 1% 947 | Can Pac 1st pd.. 190'2 191% 190 191 Car CI&O sta (5) 104, 104 104 CaseThreshg(6) Y 2774 212% 21T% Case Thr pf (7). 121% 121% 121% 1213 Cent Alloy (2) 25% 2514 25% Cent Leath..... 24 2415 241 Cerro dePas (15) 64 64 624 Certain-Teed (4) 51% 51% 51% Chand-Cleve.... 5% 5% 53 Chandlerpf(23) 17% 173 Chase Nat B(18) 587 587 Ches & Ohlo (10) 211% 212 C & O Corpn (3). Chi & Alton.... Cht & Alton pf. . Chi & East 111 pt Chi Great West. Chi Gt West pf.. Chi Mil & St P.. Ch1 Mil & StP pi 104 Chi& Nwn pt(7) 1 Chi Rock Is (5). 106 CRI&Ppt(6). 103 CRI&P pt (7). 109 Chti Yellow C(4). 107 103 103 110 4 Chile Co (2%).. Christ! B (1.20). ! | Chrysler Cor (3) Chrysler pfA(8). 113 City Stor A (3%5) City Stores (B) | Cluett Peab (5). Cluett Pea pf (7) 1 | Coca-Cola (5)... 1 Collins & Aik(4) Collins&A pf (1) 1 Col Fuel & Iron., ol Gas & El (5) 112% 11 | Carbon (4).. m Cred (1)... m Crpt (1%). | Com Cred pf 63 Com Solvents(8) | Com Powr (234). nde Nast(2).., | Congoleum-Nair 227 Cong Cgrs(t4l4) 68% Con Cigars (7).. 78% 8% n Clzars pt (1) 102 102 usol Gas (5).. 114% i1 ;Vfollv\fl!(};\! pf(5) .Cnnl(l:\:uha 1243 (8% 674 T 102 102 | Cont Bakg A (4) Cont Baking B.. Cont Bak pf (8). Cont Can (5). Cont Insur (6)., 2 Cont Mont (80c). ¢ Corn ExBnk(20) 610 Corn P’rod (13).. 60% Coty Inc (5).... 106% 106G « < 610 ihan Dom Sug. udahy Pkg (4). Curtiss Aero.... Cuyamel Fruit. Davison Chem. . 110 6% a6y 51 51 33% 3214 12 185 Deere&Co pt (7) 123 1 Del & Hud (9).. 188% 185 Del L& W (17). 134 138% 134 1 Detroit Ed (8).. 157 15 voe & R(2.40) 14 Mtch (8) i 14 60 1M 1% 11 11 5% 58% GR AR 09t 2117 3095 311V 116% 116% 116% 116 166% 167 N 22% 1% 1% 14 0% 60% 607 ue Mines (1), il Int (4).. Dupont (19%) Duquesne pf (7) 22% 1% 22V 11y High Low. Close. 11105 111% 111% 111t s 170% 171% 2514 104% 104% 12 1023 68 117 5612 867 | T 187H 166% 166% THE EVENING STAR, WASHINGTON, D. C. MONDAY, Open El AutoLt (16%) 91'a Electric Boat. 17 | Elec Power & 2 “{ EP&LDL 40%(7) 118 « | Elec Refrigeratn 8% El Stge Bat (16) 70% Em-Brantgm(A) 4 End John (5)... T4 Engineers Pub S Equit Blde (7).. 83 EquitableTr(12) 415 Brie RR..... 6 Erle 1st pf.. Erie 2d pf. Erfe Stm S (21) ErieStmS cfs 23 Bureka Va f14% Fed Ligt(h1.40). Fed L&T pf (6). Fed Min&S(10). Fed Min pf (7).. Fid Phoenix(4) . First N P 1st(8). Kirst NatS(1%) Fisk Rubber. . Fleischmann (3) Foundation (5). Fox Kllm A (4). Freept-Tex 14% Gabriel Sn (31) Gardner Motor.. Gen Am Tnk(4). Gen Asphalt. . Gen Cigars (4) .. Gen Cizar pf (7) Gen Elec (15).. GenElec sp(6ve) Gen GasA (0113) Gen Motors. . Gen Mot pf (7) Gen Outdr Ad(2) Gen Outdr A (4) Gen Ry Siz (5). Gen Ry S f (6). Gen Retrac (3). Gillette SaR(15) Gimbel Bros.... Gimbl Br pf (7). Glidden Co Glidden pr pf(7) Gold Dust (3)... | Goodrich Ru (4) Goodrich pt (7). Goodyear Tire Goodyr 1st Gothm S H Gotham new 2% Gotham H pf (7) Granby Con Min Grt North pf (5) Gt Nor pf efs(5) Grt Nor O (1%). ! Grt Wes S(2.80) Green Canan, Guantanam Gulf Mo & Noi Gulf States Ste Hanna 1st pt HanovrNatF Hrtn B bl0%stk. HavEI Ry pf(6). Hoe& Co A. Hollander Homestake (17). Houshld P (3%) Houston Oil.... Howe Sound (4). Hud Man (2%). Hud Man pf (5). | Hudson Mot (5) Hupp Mot(1.40). 1llinots Cen (7). 111 Cent pf (6). Indep O11 (1) Indian Refining. Indian Refs ctfs Ingersoll Rd(15) Inland St (2%). Inspiration Copr. InterboroRapTr Intcontl Rub(1). | Internat Agri... Int Bus Ma (4) Int Cement (4) Int Cement pf(7) Int Com Eng (2) Int Comb pf (7). Int Harv (j§) IntMtch pf(3.20) Int Mer Marine. Int Mer Mar pf. Int Nickel (2)... 1 Intl Paper (2.40) Int Paper pf (7). Int Ry Cent Am. Inter Salt (6) Intl Silver... Int Tel & Tel (6) Intertype(11%). Iowa Central Island Creek (4) Jewel Tea...... Jones Bros Tea. | Jones & Lau (7). Jordan Motor. 70 344 1% 11% 93 552 11 43% 2514 120 13% Kelly Tire 6% pf 9 Kelly Tire 8% pt 96 Kennecott C (5)., Keystone T & R. Kraft Ch (11%) Kresge (1.20)... Kresge SS pf(8) Kresge Dept S. Kresge DS pf. KressS H (h1). Lago O1l (75e).. Lambert Co ({6) Lee Tire & Rub. LehighVal(33%). Lehn & Fink (3) Life Sav (1.60).. Lig & Myrs(f14) Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60). Loew’s Inc (2).. R Ot Long Bell A (4). Loose-Wil(1.60) Lorillard Co . La O1l pf (6%). LouisGasA(1.(5) Louis & Nash(7) Ludlum Steel(2) McCrory (1.60).., Mclntyre P (1).. Mack Truck (6) Mack Trk 2d (7) Mackay (7)... Macy R H (5). Mad Sp Gar (1). Magma Cop (3). Mallison & Co. Mandel (2% ) Man £l Sup (5).. Man Elev gtd(7) Man El m g (d5) Market St prior. Marland Ol..... Mar Rock(13%) Mathieson (4). May Dept S (4). Maytag (12%).. MetroG pt (1.89) Mexican Seab. Miami Cop (1) Mid-Continent. Mid-Cont pt ( Middle States. .. Mid States Oil ct Midland pf (112) Miller Rub (2).. Minn & St Louis. Min St P & SSM. Mo Kan & Tex... Mo K & T pt (6). Missourl Pacific. 54 Missour! Pac pt. 110% Montana Pow (5) i04 MontgmryW(4). ¥2% Moon Motor..... &7 Mother L (50c). Motion Pic Corp. Motor Met (3.60) Motor Whi (2).. Mullins Body., Munsingwr (3).. Murray Corpn... Vash Motor(t5). Nat Bellas Hess. Nat Biscult(17). Nat Cash R (A)3 at City Bk (20) Natl Dairy (3).. Nat Dept Stores. at Distiller Nat Lead (5).... Nat Park Bk(24) Nat Pw&Lt (80¢) Nat Ry Mex 2d.. | Nat Supply (4). 90 Nat Surety (10). 276% Nat Tea (4). . 164 Nevada C(1%).. 17 N ¥ AlrBr (3).. 41 N Y Cent (8) NY C&StL (8).. 129 NYC&SLL pt(8). 107 NY Dock. .. 614 NY Dock pf ( 92 4« NY & Harlem(6) % N¥ NH & Hart., 116% 12% 15 100% 33 81 14% 49% 15% 41% . 116% 6% 31 4% 1% 180% 23'% 3 44 42% 106% 610 22% 214 v2% High. Low. Close 9ty 17 27 118 6414 T0% 153 45'a 1017% 101%% 25'% 120% 14 116 45 101 3314 S41h i4% 9514 50% 15 42'a 116% 180% 2315 3 45% 43 W% 54% 110% 104 84 9% 620 17 41 129% 107% 6313 92% 2% 9k 167 26% 118 8l 120% 13% 61 57% 3 a4 12 106% 40% .+ 164% 165% 163% 129 10714 6019 92 167% 167% 167% 51% 9k 17 118 914 0% 4 475 3T 88 420 6% NY NH&H pf(7) 112% NY Ont& W (1), NY State Rys... NY Steam pt (6) NY Stm pt A (7) Norfolk South Norf & Wn($10) orAm b10%stk NorAm £d pf{7) North Pac (6)... Nor Pac cfs(5). Norwalk Tire 011 Well Sup. Oil Well S pe. Omnibus. .. Opnhm Col ( Orpheum Clr (2) ouis Elevator (6) | Otis Steel. . Outlet Co (4)... Owens Bot (Ct5) Pac Coast 1st... pacific Gas (2). Pac Oil Stubs. .. ! Pac Tel & Tel (7) Packard (12.90). Paige Motor.... Pan-Am Pet (4) Pan-AmPetB(4) Pan-Am West B. Panhandle. ..... Parmt-Fam (j8) Park & Tilford. . Park Utah (S0c) Pathe Exchange Pathe XX A (4). Patino (a2.10).. Peerless Motor { Penick & Ford. . Penn C & Coke. . { Penna R R (3% ) Peoples Gas (8). Peoria & Bast Pere Marg pt (¢ PhilaCot % pt(8) Phila& RC1. Philip Morris Phillips Pet (3). Phoenix Hosiery Phoenix pf (7).. Plerce-Ariow. . . | Pierce Arrow pf. Pierce Petroim. . pillsbury (1.60). Pitts Ce : Porto Ric Postum (5).. Producers&R p | Prophylac B(4) Pub Serv NJ (2) | Pub Serv pt (6). Pub Pullmn Corp(4). Punta Ales Sug. Pure Oil 11.87% . Purity BakA (3). Purity Bak B (2) PurityBak pf(7) | Radlo Corp of A. Radio C pf (3%) Reading (16)... Reading 1st (2). Real Silk Hos. 215 a8 11814 620 107! 921, 1674 o2 { Rutland pt. 21 wa Reid Ice Crm(3). ReidlceCr pf(7). :| Rem-Rand 11,60, Rem-Rd1st (7). Rep Ir & 511 (4). Reynolds Spngs. Rey Tobac B (5) Rossia Ins (6).. Rossia Ins Co rta Royal Da3.13%. Safety Cable (4) St Jos Lead (13) St L & San F18). St L Southwest. St L Swn pf (5) Savage Arms. Schulte (3%)... Seabd Air Line. . Seab Air L pf... Seagrave (el.20) Sears-R (n2%).. Seneca Coper. Shattuck F G (2) Shell Un (1.40).. Shuber The (5) Simmons (2). Simms Pete, Sinclair Oil..... Skelly Oil (2)... Sloss-Shet (6).. Snider Packg Co. Snider PKg pf. .. So Por Ric S(f2) South Calif Ed.. South Dairfes A. Sou Dairies B South Pac (6) Southern Ry (7) South Ry pf (5). Spicer Mfg..... SG&R (3%). Std G & Ept (4). Std Mill (5)..... Std Millg pf (6). StdoiiCal (128 ). Std OILNJ t1%) Std OIINY(1.60) Sterling Prod (16 Stewart-War (6) Strom Car (2) Studebaker (6).. Studebak pf (7). Submarine Boat. Sun Ol (11).... Superior Oil Telautogra (60c) ‘Tenn Copper (1) Texas Corpn (3) Tex Guif Sul (4) Tex & Pacific. .. Tex PC&O(60c). Tex Land Trst n Thatchrp?(3.60) The Fair (2.40). Thompson (3.60) Tidewatr As Oil. TidWASOIIDf (6) Tide W Ofl pt (5) Timken (15).... Tobac Prod (7). Tobac Prod A (7) Transcont Ofl. . . Transue & W (1) Twin City pf (7) Underwood (4).. Un Bag &Paper. Union Carb (6).. Unlon Of1 (1212) Unlon Pac (10). UtdCgrSt(C8oc) Utd Cgr St pf(6) United Drug (9) Utd Drg 1st (3% Utd Frult(t53). USCIP&F (10) USCIPDE (7). S Hoffman (4) S Aleohol (5). S IndAlf pf(7) S Leather w 1, ]S Leather A. U S Realty (4). U S Rubber..... US Rub Ist (8). | USSmelt (33). U S Steel (7)... U S Steel pf (7). Uni Pic 1st pf(8) Univ Pipe(t214) Utl P&LE A (e2 Vanadium (t4). Vick Chem (4).. Victor Tik Mch. . Victor cv pf (6). Victor pr ot (7). Va-Caro Chem. . Va-Car Ch 6% pt Vivadou (3).... Vivaudou pf (7). Vulcan Detin. Wabash..... Wabash B (5) A ClA (). Ward Baking B. Ward Bak pf (7) Warner Pic A... Warner-Quin(2) Warren Bros (4) Warrenlst pf(3) WarF&Plpe Cor. W Penn El pt (7) West P Po (6)... West P Po pf(7). | West Maryland. West Md 2d pf.. West Paclfic. ... West Union (8). Westhse A B(2) Westinghse (4). Westhse 1st (4). Wheel & L E pf. Whire Eagle (2) White Mot (2).. White Rock (2). White Sew Mach Wickwire eft... Willys-Overland Willys Od pf (7) 3 Wilson CopfA.. 21% Wilson & Co pf.. 67% Wonlworth (5).., 184% 10 100% 110% 4874 100% 110% 4 1894 587k 1081y 961y 95 2% 33 27 113% 113% 18 18 4T 47 18 18 T T 120% 120% 156% 1381 100 100 26% 21 €0t 60 23 100 30 100 30 19% __193 1095 10 1057, 1154 115% 48 49% 49 51 35 351 161 161 44 44y 81 811 29 89 107% 115% 50 % 52y 3514 161 4474 821 184'% 185% VW HGH LEVELS ONLOGAL BOAR | Pepco and Washington Gas Issues Gain—Treasury Financing Announced. BY EDWARD C. STONE. Stocks and bonds were strong in trading on the Washington Exchange tod: Potomac Power per cent preferred ne whigh when it sold ashington Gas also_entered h ground, opening at $2% and to §213, the day's turnover t 1071%. ' new h advancing being Capital Traction opened the week at 107 rveached 10834 and cl 108 flat. C Sand & Gra ctive, selling at %, 102%, 1 closing at 102. Grocery | preferred came out at 10215 and Mer chants’ Transfer & Storage preferred | 1t 103%. closing at 104. i Woodward & Lothrop, losely held that it rarel the local board, sold tod: t 106 on nsfer of shares. Two bank changed hands—Unjon Trust, selling at 300, and two shares of Riggs National at 494. There s amount of t | i | | | which Is so \ppears on an unusually large \ding in the Washington Gas bond issues, recent price levels prevailing. As the New York Stock Exchange will be closed tomorrow on account of the election, it was voted not to open the doors of the Wash ington Exchange. Fifty Years With Same Firm. Henry H. Bergmann, the American Fire Insurance Co Seventh street northwest, has rounded out half a century of tinuons service with that For 45 years he has held position’ as secretary. A = ago his associates took official notice of his unusual contribution to the suc- cess of the company. Mr. Bergmann was born in Wasl ington in 1854, so that he is now ars old. He looks much young ng in excellent health and rema bly active. He attended school at imerson Institute under tutorship of Prof. Charles B. Young, founder and principal of the school for over 30 vears. As a young man Mr. Berg mann <0 studied in Germany - first position in Washington wa an architect's office and on Nov ber 1, 1877, he entered the employ the German-Amarican Insurance Co., which took its present name in 1595, Quiet, refined and retiring in man- ner, it is difficult to get Mr. Bergmann to dwell on the high spots in his long carcer. 1is ay he i brilliant stands high in the Masonic fraternity and had always taken special interest in the work of several civic associations. When congratulated on his splendid record, his only reply was t he hoped he would continue to merit the great confidence nlaced in him. ancing Plans Out. Mellon has announced the Treasur; ovember financing pro- gram in the form of an offering of seven-month 314 per cent certificates of indebtedness in the amount of $400,000,000. The certificates will be dated November 15, and mature on June The Treas 4 pel the called next. The rate on the new Treasury cer- tificates represents a slight stiffening from the last previous short-term financing by the Government. The months’ certificates issued in September carried a flat 3 per cent rate. The March issues of certificates carried 34 per cent for the six months issue and 31; per cent for the one-year issue. The odd-month maturity of the new issue is necessitated by the fact that the second Liberty loan matures in November rather than on a regular quarterly income tax installment date at which time Treasury usually finances. The amount of the new offering in- dicates that relatively small redemp- tion of Second Liberties at maturity is expected by the Treasury. There are now outstanding approximately $700,000,000 of Second Liberty bonds. both 4 and 4% per cent. Life Insurance Offices Unharmed. General Manager William C. Worth- ington of the Washington office of the National Life Insurance Co., which has jts headquarters in Montpelier, Vt., received advices today stating that all the officers and employes of the company are safe and that no damage to the home office building was done by the flood. This was the first news received here from the head office since the flood shut Montpelier off from the outside world. Considerable anxiety had been felt in Washington over conditions in the Vermont capital. The company ha policyholders here, and several Wash- ingtonians are personally acquainted wn]xh the officials who live in Mont- pelie secretary of by Treasury Secreta will accept in payment cent and 414 per cent bonds of econd Liberty loan, which are for redemption November 15 Peoples Drug Sales Increasing. Sales of Peoples Drug Store, Inc., have just been reported for October, when they totaled $731,436, compared with $584.481 in October, 1926, an in- of $146,955, or 25.1 per cent. v the first 10 months of 1927 sales hed $6,493,151, against $4,974 during the same period of 1926. This is an increase of §1,518,390, or a gain of 30.5 per cent. September operating income of the American Telephone & Telegraph Co. dvanced to $3,421,865, from $3,151,578 in September t year, and for nine months of 1927 to $30,102,360, from 097. September gross revenues 8,416,868, against $7,692, a Sajes of . W. Woolworth Co. for October crossed the $23,000,000 mark the first time for that month, reach- ing 26,031,7: compared with $24. 802,195 in October last year. The total for 10 months of 1927 rose to $205,- 118,179, from 5 in the cor. responding 1 od. October sales were $3,201,438 greater than in Sep- tember. STEEL LEVELS UNCHANGED. NEW YORK, November 7 (#)— Steel mill schedules in the Young; town area are mostly at levels of the week befor ak spots ap- pear in current operating rates with Trumbull Steel dropping to 66 per cent of capacity from per cent. Of 53 independent open hearth furn- aces, n, a loss of two, sheet mills rt the week. Sha Steel Hoop Co. finishing mills are acity, 26 52 77 Worthn Pump... Wright Aero (1) Yale&Town(15). Yellow Truck. 284 28% 28 Youngstn Sh(5). 82% 82l 82 Hourly Sales on N. Y. Market. 11 a.m, 507,100 12 m...e 924,500 1pm.. 1,290,500 2p.m... 1522300 Dividend rates as given n the above fable ars the annual eash pavments based on the latest_quarterly or talf searly declarations. niiss ‘Gtherwise noted, exira ot special divh dends are not_tncluded. *Cnit of tradinz less than 100 shares Partly sxtra. 1 Pius 4% I stock. § Pay- able_in “comimon steck. ¥ Plus "2/50 1n )k aPaid thie year—no rezular rate. bifen per cent in common etock. pasable 2%, % quarlerly. ¢ Plus 5% In stock. d Pay- able “when ‘earned, e Pavablo in cash or stock. fPlus 10% in stock. = Plus 1 51 @ 1 a large number of | /5 shara in stocl h'Pl share in lbtfllq SRk Raatier 1o 5 alare auacierty Si66k of s in’<Cines A" rlock.” m BE® i etook. Pl 0 Pactly stock D Blns 3 b preferrcd siock. | o Rus oneshait lof Srommaon i steck. . NOVEMBER 7, 1927. With Firm 50 Years CUNEDINXT i HENRY H. BERGMANN | cretary of the American Insurance | Co., honered by associates for re markably long term of service. At he is still very active, DECLINE IN PRICES ON BERLIN BOERSE Quotations Drop 30 Per Cent Due to Report on Reparations and Government's Reply. | | | | By the Associated Press, BERLIN, November 7.—The Boerse promptly reacted today to publi of the recent memorandum of S, Park er Gilbert reparations agent, and the zovernment's reply, as well as an un report of the German . which showed its strained financial position Quotations after Satur ness dropped further < res losing 30 points. Vereini zstoff fell 38 points and the dye about 14, hear speculators making the most of the situation. In Boerse circles it is feared that the bi-monthly settlement day ma disclose losses possibly reaching those | of the “Black Friday” of some months | ago, when it hecame known that the Reichshank was strongly in favor of | vetrenchment. CHICAGO GRAIN MARKET. CHICAGO. November 7 (P).—Wheat scored an early Y setba Fresh reports of frost and ru rgentina_wer current, more than off-setting relative weakness of quotations at Liverpool Opening 1% to 5% down, Chicago wheat sagged a little further and then rose to well above Saturday’s finish. Corn | was strong, s ng unchanged to 5 higher and subsequently climbing all around. Oats were firm. Provisions tilted upward. According to advices at hand, fr showed itself a; ht in parts of Argentina, this time over a section of the Western Argentine wheat belt. In addition, reports said t it is generally too cold in Argentina for the development of wheat, and that damage from the frost of October 31 is appearing. ‘There was also re- iterated mention of rust in north Ar- gentina, Notable strength which was mani- fest much of the time in the corn market today appeared to he due largely to speculative buying. Future delivery offerings were light, and price advances were easily atfained. Talk was current that New England States had become active purchasers of corn at New York, available for immediate delivery. At noon wheat was unchanged to 14 off and corn at 7 to 1% advance. FINANCIADY MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 REAL ESTATE LOANS 5129, FRED T. NESBIT 0 Vermont Ave. Main 9308 Capital, Surplus & Undivided Profits, Over $2,000,000.00 In Action Ever Since 1814 fIThe Metropolitan is the Dean of local National Banks, having been “in ac- tion” continuously, ever since 1814. 1 n g L1 1] i1 1l fMetropolitan facilities thus represent the refinement of over a century's experience, and assure service at once, broad-gauge and efficient, National Metropolitan 113 Ba 113 OLDEST NATIONAL BANK Years Years 15th St. opp. U. S. Treasury IN DISTRICT OF COLUMBIA old oud 4 ) 3% Paid on Savings Loans on Real Estate for Periods of 3, 5 or 10 Years WE HAVE UNLIMITED FUNDS TO LEND ON Residences, Apartments and Business Properties in the District and nearby Montgomery Co., Md. ROSSEPHE(PS Founded 1907 Loan Correspondent John Hancock Mutual Lifs Insurance Co. 1417 K St. Main 9300 Equitable Co-Operative Building Ass’n. JOHN JOY EDSON, President WALTER S. PRAYT, Jr., Secretary Organized 1879 4ith YEAR COMPLETED Assets. .. .$5,202,042.70 Surplus ..$1,469,905.78 Subscriptions for the 94th Issue of Stock Being Received Save Systematically in The Equitable Start a systematic savings account at the Equitable and provide the way for Financial independence. Our plan ef saving encourages thrift in a regular manner and helps you accumulate money. Start now. S 915 F STREET w ::.\"' P S SN TREASURY CERTIFICATES. (Reported by J & W. Seligman & Co.) Rate—Maturity, Mortgage Money Loaned at Low Interest Rates Economic_Conditions Tyler & Rutherford Loan Correspondent Mutual Reneth 1520 K Street Main 275 MORTGAGE LOANS 5% %—6% Application for first mortzage loans romptly: acted upon by our Loan and Investment Department. Low Cemmission W. H. WEST COMPANY Founded 1893 216 15th St. #Main ssoo/‘ We Buy and Sell Liberty Bonds Treasury Notes Etc. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs ir Montgomery and Prince Georges Counties, Md. 52% INTEREST App 7y to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 FIR'ST MORTGAGES Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —uwe can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. YOU EXPECT MUCH OF YOUR MONEY —when you send it out to work for you, as you do when you in- vest your surplus funds. More- over, you expect it to remain safe and intact. We direct your atten- Ocer a Third tion to our o 6% FIRST MORTGAGES Century 8 «Without a The principal is safe. And inter- Loss est is paid regularly, invariably when due. B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY