Evening Star Newspaper, November 10, 1927, Page 15

FINANCIA THE EVENING STAR, WASHINGTON, TRAI]ING IS SLOWER | Coxew vor_BONDS sroce sxcmascs "IN BOND MARKET Big Blocks of High-Grade Is- sues Scarce—Treasury Of- fering Goes Well. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK. November 10.—Hav- Ing reached a new high .« erage price for the year, bonds halted for a while today with trading .lover. Dealers find it difficult to abtain sood-sized blocks of highgraie ‘ssues. There are. however. plenty of new domestic and foreign bonds ble ut prices under the subscr The success of the Trea: offering 7 months' 3% per cent certificates of Indebtedness wi shown in the sub seriptions of over $1,600,000.000 for the $400.000,000 amount offcred great bulk of the itica vas taken by institutions ard indiviaunis who wanted them as a shori-term in. vestment. Not Inclined to Excnange. Holders of second Liberty 41 per eent bonds were not mclined to nccept | the offer of exchange, und will wait until November 15 to receive the cash to which they ars entitled, and which they will reinvest in higher vielding seturities or spend. All of the long: term Treasury bonds were strong around the highest of the yvea Among the best grade of rails New York Central 5s at 110, Great Northern | 63:s at 113, West Shore 4s at 92, Atchi- ®on adjustments up nearly a point and Frisco prior liens, for w hich there was aclarge order at stood out promi- | nently. The long ties on the term debenture public utili xchange and in the | e been moving up steadily toward their redemption price 1t is believed that some of the 6 per cent debentures will be replaced during the next year with 5 per cent bonds. Weriting Paper 6s Feature. The largest gain today in the indus triai list was in American Writing Pa- per 6s, which advanced 1% points to 95. West Virginia Coal and Coke 0s | ate off 5 points this week and below 45 compared with the high of 80 for the year. Gulf States Steel 5les, Pan American Petroleum 6s, Dodge s, Ma- | rine 63, American Sugar 6s and Cuba Cane 7s were all strong. ] Pressure against the German list continued. There were declines of 1% to % in the Berlin Public Utilities and in some of the German industrial bonds. German Central Bank old 6s sold 1% points under the new 6s and the 7s,dropped to 991, Italian, Chil- ®an and French rails were heavy. Jap- anese descriptions were benefited by the prospective financing in favor of Japanese properties. Washington S{ock Exchange SALES. otomac Elec. 8 pfd-—5 3 Potoma 5 Washinkton Gas 1113 ¥ at 10 at 82 DI~ Jehi—10 Elec. cony, 1 & E 15 at & Tnior gtombia Sand & Gravel pid 19 at 102 ergenthaler Linotype—1 at 112, AFTER CALL. St Co.—8 at Truet 0% at Plectrie O vf Money—Cali loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. . Tel. & Telga. 2!!!!!. ‘el & 'K‘eln (”,’ Ao b nacostia, & Pui,“cuar & Teloonon . Asked. anllll Traction K & 'iuhur hll | AnGes Cop s rets. k. La. Bk & Cold §Ilnr ’y! L St Wardman' Pack Hotel 5 STOCKS PUBLIC UTILITY - & Fiee! oid: ATIONAL BANK National Capital. unitna - reial s & N Federal- Amerh Liberty The | -Di-‘l5%s.\ov | E1 Salvador 8s 48.. -Porto Alegre 8s. Sao Paulo City 83. Sao Paulo 1950 Sazon «PW) 7 Seine 7= 42 Swiss 5les 19 Swiss Confed 8 Toho Elec Pow 1 Tokio bs ... (3ates are in les B 20 Libzd 4ls. 16 Lib3dsys. 27 Lib 4th 4% e 123 US 3% 43-47 20 US3%s... 160 US 481944, 248 US4%s52. 54 114 Argentine5s...... Argentine s Ju 59 | Arzentine 6s Oct59 | Arzentine 6s A Arzentine fs B Australia 55 19 Australia 58 195' | Austria 7s..... Bank of Chile 638 | Belgium 6s.. | Belztum 158 Belgium 78 19! | Belgium 78 19 | Beigtum 735, Belgium 8s. 1 8 9 22 1 27 57 4 col 12 11 14 11 5 17 3 2 6 4 ; § 21 Buenos Alres 7s 57 Buenos Aires 7s 58 Canada 68 1931 Chile $s 1941 Chile 8s 1946 Copenhagen 5s ct Copenhagen 51 Cuba 5%ks. . Czecho Xs 1951 Czecho 8s Denmark &: a7 8 5 50 4 a ] 3 173 30 118 Duteh Kaat | 6547, Duteh East | 6s 62 Finland s f s 45, Finland 7s s Framerican 7%s. . French Is. French 7% French 8s. 10 64 Ger Gen Elec 7s... Italy 7s... Ttaly Pub7s Japanese flox Jergens U M 6; Lyon #s. .. Marsetlle fs Mexico 4s 04 asntd Mexico 4s 10 asntd 21 Milan 6%s........ 24 Montevideo 7s.... 8 Netherlands fshs. 17 Netherlands 6s 72, 1 Saees 9 16 7 9 6 22 14 14 1n 1 1 ees 23 1 10 6 20 3 5 .21 7 14 4 3 " 10 Poland 8s... Prazne 7%s. . Queensland 7s. Rhinelbe Un 7 Rio de Jan 85 47..., Rio Gr Do Sul 8s. . Rome 6%s. . 5 Tokio 538 1961, B Utd Kingm 6%s37 32 Utd Steam Copen 6: 4 Uruguay 8s Yokohama fswi.. 3! MISCELLAN Am AgriChem 7% 5 Am Repub deb 6s.. 10 Am Smit & R 1st 88 27 Am Smit & R8s... 15 Am Sugar ref fs. . Am T & Tel tr 4 AmT& Tcltrb AmT& T sf 63 AmT & T deb 51,8 Am Water Wks 5s. Am Writing Pap s Anaconda Ist 6s. Anaconda cv db 7s. 45 25 1 23 21 10 9 6 3L Armour&Co 4%s 39 Armour Del 5ls. . Atiantic Refin 5s.. Barnsdall 6s 1940 Bell Tel Pa s B Bell Tel Pa 5s C. Beth Steel pm 58 Beth Steel rf 58 Beth Steel s 53, Beth Steel fs. Bklyn Ed gen Bklyn Union 5 Central Leather §s. Chile Copper 5s. .. Con Coal Md 1st 58 Con Gas N Y flgs. Consumers Pow 58 Cuba Canecv 7s. Lincoin e et . Xaticual { ‘ Bank ot Wishington. . 5 "\ TRUST COMPANY i American Security & Trust. 4 5% | Continental _Trust. 3 T bt i34 o e ol savings & it 540 gmoll Trust .. ash. Loan & Tris SAVINGS BA\k l:nk «of Bethesdn. . » mudgrce & Sa ings. l’ 5t Washm:lun . Potomac Sevarity’ Kav. | 5. Coimmeréial Corcor Firemen National® Uniicii TITLE INSURANCE Columbia Title .. Real Estate Title, Title Ins. Co. of Md. co . MIS 1 oss. Inc.. a5 BALbeE b ot e 1% a 110 ioz " 115 Security Storaze nfuu‘r‘; L SrogrTy "o pid Market, Mize. om edical Bldz. Corn. ard & Lothrop o dividend —_—— SHORT-TERM SECURITIES. (Revorted by J. & W. Seligman & Co.) Goods ey Choc Co Bl 1040 G oy "Ah 1;"1 ine 42 1§ rexon Short, 1 e Coon BTC B 1 | Int Paper cv fs i Nor States Pow 5. Nor States Pow 6s. Cuba Cane cv 8s. Davison Chem 615 . Denver Gas fis. Dery (D G) 7s Det Edison 63 40. Det Edison ref fis | Dodge 6s.... | East Cuba Sug 7i4s Fisk Rubber 8s. Goodrich 6ls Goodyear 5 ret: Hershey 5%s Hoe & Co 655, "6 | Humble Ol 5s. Humble O & R 5158 tllinots Bell 1st 5s. 1llinols Steel 4%5s. Indiana Steel bs. .. int Mer Marine fs. Int Paper 5s 47 2 38 9 0 Int Paper cv 6s sta inter Paper fd 6s.. 13 Int Tel&Teleg 418113 | J Kayser & Co 6%s 47 103 Kan CP&L 5s A 52. Kan G & El 6= 52 Keliy-Spring 8s. Lackawa S 5s 50 Laclede G 5 6 9 Louisv G & I 55 52 Midvale Steel b Montana Pow b Mor's & Co 18t Nat Tube 1st bs. New Eng Tel b3 N Y Edison 6l%s 16 34 1 9 1 INYGELH&P4 NYGELH&P 5. N Y Tel 4%s. N Y Telfs4l... 1 E 14 <15 3 1 10 6 2 21 2 1 ¢ 3 5 1 1 | Phila Go 5%s3 Plerce-Arrow §s Public Service 5% l Publ PServGas bl Sinciatr O1) 6. i Sinclair O1l 6%4s. So Por Rico Sug 7s 1 Southwest Bell 6s. 9 Standard Oil N J 68 31 Sug East Orlent 18 Tenn Elec Pow fs. 12 Tolrdo Ednist7s, 4 &: Sm " 03 Whreline Steet 104 U S ®ub ist rrh .23 US b 7%s Uun Tow & Lt 6s.. 2 109 $1 000 ¥ igh Low 6 101 14 103 10 100 100 28 103 31 101 28 106 19 10918 26 11417 Close 101 16 103 14 100 100 28 10331 102 106 27 106 28 114 26 FOREIGN. Sales Hizh Low Close. 907 90% 991 99 994 99% 9% 8 9’ 90% 993 99y 100 991 82 9714 10674 106% 104% 1041 1du 114 1097 109'% 1041y uw 106 101% 954 5% 102% 1065 4 105% 106% 101% 101% 95% 954 95% 95% 1025 102 106% 1063 1017 1017 102% 102% 109% 109% 109's 109% 98'% 984 957 9514 100% 100% 1011 101's 109 108'% 108% 108% 105 104% 103% 103'y 104 10415 1045 10414 198 108 96 96 100t 100 104% 10419 106% 106 116'% 116 110% 110% 0: 109% 109' 9814 954 100% 101% 108% 1084 1047 103% 1041 10415 108 96 1001 104% 106 116% 110% 106 99 99y 10 % mm LYy 1015 mll, 10/ 104 101 9ty 59 Yuig 9 v 241 2415 914 1027 102% 106% 994 100% 102 102% 96% 957 24% 24 91u 9L 102% 10214 102% 102% 106% 106% 100 99% 100% 100%% 1024 102 102% 102% 964 96Y% 96 54 101°% 101y 100% 100 104% 104% 107% 1073 8215 8215 99%, 98% 106 106 105 105% 115 114% 107% 107% 105% 105% 10%5 105% 9% 9% 3% 113 105% 105% 100 991 102% 102% 97TH 9Th 100% 104« 821 105% 105% 13 1044 104% 4 104% 104w 7 1037 103% . 14 112% 1121 112% 99 . 983 99 6% 764 T6% B8 B8Y% 88W 106% 106 106% 9% MU MUY 109 107 MY 4% 94y EOuS. 104% 104% 104% 101% 101% 101% 102% 101% 102% ll0fl‘- lnR'«. IOS‘I l05 £ l()o‘l lOH'/. 108% 108% 100% 100% 100% 5 93% 94% 105 104% 104% 109% 108% 109 107 106% 107 904 90% 90% *84 8TW 8Ty 103 103 103 100 9% 99 105% 105'% 105% 108 107% 10734 5 100% 100% 100% 102 101% 102 101% 101% 101% 104 103% 103% 105% 105% 105% 225% 222% 225% 105% 105 105 5 95 95 8% 83 106'% 106% 106% 104% 104% 104% 93 934 93 96% 96% 96U 1015% 101% 101% 101% 101% 101% 50 50 50 103% 103% 103% 107% 107% 107% 85 841y 84% 102% 102% 102% 119% 119% 119% 103 107% 108 94 9% 94% 103 103 99 9% 1025 4 105% 105'% 0L 101 104% 104% 104% 104% 104% 1042 | 100% 100% 100% 1o 105 110 110% 109% 110 104% 104% 104% 6% 95% 96% 102% 103 104% 104% 104% 106% 1057 1064 1054 104% 105% | .| Liggett & Myers 7s 4 122 104 1004 100 100 103% 103% 103% 864 B6% 86% 105 105 105 106%; 106% 106% Hh'm 116% 116% 95% 95" 4 109% 109% 101 101 109 109 109 111 110% 110% 10115 101% 101% 100 100 100 102% 102% 102% 105% 105'% 105% 10215 102% 102% 1024 103% 103% 105% 105% 105% 103% 103% 103% 105% 105% 105% 104% 104% 104% 94% B4 94% 105 105 105 106% 106% 106% 105 105% 105% 98 YTH Y8 931 93% 9TH 9T 93% 93% 4% 94 |0 101 110 105% 105 10312 103% uw/, 107% 107 10814 108t ¢ 3 107% 1084 9: 93 103% 103% 108% 108% Vertientes Sug 7s. Warner Sug 7539 West tlec 5. Westn Unlon 6%s. Youngstn S& RAIL| Ann Arbor 4s.. . At&S ¥ cvt 4s 05-58 Atchison gen 4s. .. AtlanticC Lcl 4s.. Atlantic C L 1st ds. Atchison ad) 4s.... Atlan C L 4%864.. At] & Dan 2d 4s 48. e Bang & Aroos 48 51 Brdwy & 7th Av bs Bkiyn Manhat 6 Can Nat 4%s54.., Canad North 6%s.., Canad North 7s. Canad Pac deb Can Pac 4% 46. Cent of Ga 6s. Central Pactfl Cent Pac 1st bs Ches & Ocv 4%s Ches & O gn 4%s.. CB&Q4%s77B. Chi B& Qistrtbs C B & Q-111 div {s. Chi & IS 111 gn 5851 Chi Gt West 43 69 C M&StP 4s 25 cfs. CM&StPdb4s... CM&S!P deb 4s cfs CM&StPgnsy.. [CM&StPev4 fCM&SI'eve CM&StPgn4ls CM&SP rf 4lgsct. CM&SPev 5scfs. . Chi NW 4155 2037, C& W 1515862, . ! CCC & St L 5s. CCC& St LrfésA Clev Term bs | Clev Term 5 | Cuba R R 68 Cuba Nor 5%sets. . { Del & Hud 5% L 110 G West o Det United 4 3. Krie Ist cons 4s. tirie gen 4. Eriecvt 53 67 wi Erfe conv ext 7s. Erie & Jersey 6 Fla ECb8 74 Grand Trunk 7s. Gt Nor 4%s 76 L Great North bs. ... Gr Nor gen 7s..... Hud & Man al5s... 111 Cent 45 53.. HIC-C-St L jt 4% 8 1 11-C-C StL&NO 58 int Rapid Tran 5s. Int Rap I 58 stpd Int Rap Tran7s... Int Gt Nor 58 1956. Int & G Nor 1st 6s. Int & G Nor ad 6s.. IntRys C A 63 72.. Lot Rep C Am 6s 41 Int Ry C A 6%s ret Kan City Ft 8 43, MD{: City 8 as, Kandas City S 5s. . Kan City Term 4s. Lake Shore 48 31.. Lehigh Valcn 4s.. Long Isrf 4s49. L&N4w Louls & Nash 5 %s. Man Ry 1st90.... Market St 7s 40. Mil Bl Ry & L 55 51 Mil El Ry & L 5s 61 M St P& SSM cn 4s MStP&SSM5s38g1d MK&T 1st 4s, MK&T4sB Mo Pacific zen 4a.. Mo Pac 5s F 77. Mont Trm ref 55 41 assau E1 48 51, %% YC& St Ldb 4s.. NYChi&StL 6% sA. NYC&StL6sA. A\ew Haven 4s55.. Y N Hav& H 3%s NY N Hav&H 4s 56 NY NH&H db 48 57 i NY NH&H cv db 63 NYOnt Wist4s.. NY O&\W gen 4s 65 N ¥ State Ry 43s. N Y W& Bos 448, Nor & S gen 5s 54, | Nor Pac 35 2047... Northern Pac 4s... Nor Pac 418 2047. Northern Pac 5s D. Northern Pacr 1 6s Ore Short L ris 48 Ore Wash 1s! Pennsyl con 4%s. . Pennsyl gen 4%3.. Pennsyl gen 5 Pennsyl bs 6 Pennsyl 6%s Pennsy! gold . vere Marg 1st 5s.. {PCC&StLbsA.. PCC&StL bs B 75, | Port R L P 6847 Reading gen 4 %s. Reading J C 4s51.. Rio G W lst 4s Rio G West cl 45. RIATk & L 4% St L IM&S 48 29, StL 1 M&S gn 63 31 St L IM&S R&G 48 StL&SFDI4sA. StL&SK prinbs. StL&SF6%sD.. "ad) 6s.. St P Un Dep 5s. San A & Arn P s Seaboard AL 4s sta Seab A L ref ¢s. Seab A L ad) Gs. . Seab A Lconés... ISB Al Fla6s35 A, I SB All Fla 6; B. Sou 1'40 45 Sou lacific clt Sou Pacitic ref Sou Ry gen 4s. Sou Ry Con 58 9 Southern Ry 6%s TexArk F'S 6% 60 Lexas & Pacific 18t Tex & Pac 6877 rts Third Ave ref 48 60 Third Ave adj 6s.. Tol StL& W 4s... Tol Tr L&P 5% 30 Union Pac 1st 4 Union Pac 1st rf 48 Un Pac 4% 67, | Union Pac cv 68 Virginia Ry 18t 6 Va Ry & P 6t Wabash Lst 6 100 99% 99y | West Maryland ¢ West Md 5%s77... Waestern Pacific 6s. ‘West Shore 4s 2361 Wheel & I, Ecn 4s. Wilks-B & E 1st 58, 5 10012 1004 100% Wis Cen gn s 49, Chesa Corp 5s wi., 109 .54 B3 .98 9Th Received by Private Wire Direct to The Star Office UNITED STATES. Sales. High. Low. 6100 99%5 18 86% 104 112% 112 104% 104t 102 1017% 2 105% 105 ROAD. 7 84% 8 24 1 1 410215 102 3% 3% 97U 9TH 100 99% 104%% 1043 104% 104% 109% 109% 1025% 102% 12 s 96% 96% 106t 106% 8815 B8 8% 8T T Tl at G 99 % 119% 115 5 99! 2 119 1115 14 8813 10 100 21 102% 102 7 95% 954 28 104% 104% 99% 20 100% 12 1021 102! 15 1025 1024 13 108% 108% 1 98% 98% 86 Y3y 20 2% 2 65% 2 647 8 64% 9l 1047% 10 1027 102% 20 105% 106% 1 10 109% 2 ¥4 97 4 96% 963 3 104% 104% Y ¥4l BA% 1 Y6% Y6l 35 9 8% 82% 974 2107 1064 2 114% 114% 50 w3k val L 115% 1156% 101% | Great North 4145w 107 100% 997 5 100% 100% 25 109 109 21 U3 12w 7 1% 1156 17 928 92% 3 93 u2y 2 W1k 101b 1111 111 L 100% 100t 4108 10T 2 T84 T8 8% T8 5 9sin 98W 4 101% 1015 10107 107 13 97 97 7 84 4 9% 33 02 91n 13 5k 95 10 77% 77 10 10z% 1020 2 93u 93% 13 99% 99% 82 92 9n 5 91k 91 3 104% 104% 1 109% 109% 9 0% 0% 9 99% 99y 5 103% 1033 6 102% 102 5 90% 90 10 99y 99 2 91% 91% 934 931 1064 106% 4 T9% 9% -154 101% 101 10 994 99% & 56% 56% 5 100% 1004 5 100's 100 6 86k 5% 4 9T% 96% 9 98% 98% 22 104% 104% 37 110% 109% 6 109 108% 13 84w 84 1 984 984 8 106% 106% 8 103% 103% 1 B4 B4% 177 7 14 85% 85 2 8% 8% 2 112% 112% B8y 96 % 97 5 103% IOSA 8 109% 109% 9 1154 115% 1 99% Y9% 92% 92% 4 108% 106% 50 6l% 105 3 113% 113% 15 105 104% 8 112% 112% 12 106% 106 3 104% 10. 4115 113 17 115% 113 1 102% 102% 2 102% 102 19 97 964 94 94 Bl% BT% 9% 9% 16 99% 99% 6 101% 101% 2L 96 95N 60 924 91% 9 104% 103% 7 102% 102% 13 101% 101 34 9% 98’4 1 1 StLS W con 483z, 2 a Roalnedo~ge 9 112% 1124 7127 126% 20 106% 106% 9 111 1104 5103 102% 5 100% 100% 7 98% Ydl 12 97% 97 1 103% 103% 1 106% 106% 62 86! 85% 9 102Y% 10; i 1100 18 924 3 92 92% 4 Thw TH4 7 8T 87, Close. 9% 86 1037% 112% 1041 102 105 R4y 92 9T% 951 984 925 102% 3% 9TH 100 104% 104% 10! 1% 96% 10614 B3ty BT Tl 954 119% 115 88% 9% 102 9514 104% 99% 100 1 1 " 108% 9814 V3% 724 654 647 100% 100% 109 113 Sl 112% 126% 106% 11 (GYPSUM'SBREAK 1S CURB FEATURE Selected Specialties and Pool Favorites Continue Mov- ing Upward. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, November 10.—Sever- al sharp declines intermingled with further price appreciation in the se- lected specialties and pool favorites made up the outstanding incidents in today's curb market trading. The movement of particular In- terest was the abrupt break in U S, Gypsum common. Dropping below 90, it established a new low for the year around 88, where the price compared with Wednesday’s final of 99. Heavy selling followed the action of directors in declaring an extra dividend of $1 a share on the common and the regu- lar quarterly 40 cents. This was taken as distinctly disappointing in view of the past liberal dividend policy of the directorate. A year ago, in_addition to declaring an extra dividend of $1.40 in cash, an extra of 35 per cent was declared in stock. Gold Seal Electric was another special object of attack, breaking from 21% to 17 on a heavy turnover. Inasmuch as dividends are paid at the annual rate of only 15 cents a share, the fact that the stock had a market value practically twice what it was early in the year was taken as indicating that speculation for the rise had overdiscounted what im- provement might have taken place in earnings. But while these issues were under pronounced pressure new high rec- ords were being established else where cuum Oil was i point, reaching a new top above 138. Those usually conservative in their calculations concerning market val- ues expressed the opinion that even if the much talked of 100 per cent stock dividend is declared and the new shares are placed on a $3 divi- dend basis, Vacuum stock at current prices was high enough. This would mean approximately $69 a share for a $3 dividend payer. Others pointed out that Standard Oil stocks and | bank stocks usually sell on a basis to vield from 2 to 3 per cent. This wollld mean a yield of more than 4 per cent for vicuum share owners. lllinois Pipe Line, another issue offering prospects for special stock distributions, went forward into new high ground. Alabama and Great Southern sold at its highest in re- sponse to declaration of an extra dividend of $1.50 a share in addition to the regular semi-annual $1.75 on the preferred and common. The mar- ket for Kemsley-Millbourn stock and bonds continued strong at new high prices, reflecting the improved earn- ings outlook. New Bond Issues NEW YORK, November 10 (Specal). —Public offering is being made today of the $20000,000 issue of North G man Lloyd 20-year 6 per cent sinki fund gold bonds at 94, to yield about 6.55 per cent, by Kuhn, Lieb & Co., Guaranty Co. of New York and Lee. Higginson & Co. An issue of $5,000,000 Aldred Invest- ment Trust (a Ma chusetts trust) shareholders’ 4% per cent debentures due December 1, . is being market- ed today by the d Colony Corpo- ration and Minsch, Monell & Co., Inc., at par. A. G. Becker & Co., Mark C. Stein- berg & Co. and the Lafayette South Side Bank (St. Louis) offer today a new issue of $2,000,000 Monsanto Chemical Works first (closed) mortgage 51 per cent sinking fund gold bonds maturing November 1, 1942. The bonds are priced at 99, 0] ield 5.60 per cent. BUTTER ’UNSETTLED. CHICAGO, November 10 (#).—But- ter unsettled: receipts, 3,7 creamery extras, 46%; extra firsts, 441 to 45 42; seconds, 36a38% changed; receipts 2,3: SOUTHERN PACIFIC DI_VIDEND. NEW YORK, November 10 (#).— Directors of the Southern Pacific de- clared the regular quarterly dividend of $1.50 a share, payable January 2 to stock of record November 25. Direc- tors of the Union Pacific also declared the regular quarterly of $2.50 on the common, payable January 3 to holders of record Deceml FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons Closing.) Avprox. Rate—Maturity. A asted Vicld: A v OI04] - § : 408 Eggs cases. TREASURY CERTIFICATES. (.tevorted by J. & W. Seligman & Co.) Noon.: FOREIGN EXCHANGE. tQuotations urnished by W. B, Hibbs & Coc) minal Sellink chec 0 erown Oslo, crown Stockholm crown DIVIDENDS. Company Av}l) Sug Ret.. 102% | A0S 6748 58 92% 100% 87% SRR EEEE 122 66 f N | e1d °s'u $1 it B R ey AADND SO D DB O SPRRRITRG: 225% 283 # o & £ 2 7 5 Sy 32333 e = 5 ¥ D. C., THURSDAY, NOVEMBER 10, 1927.° .NEW YORK CURB MARKET , Recsived by Private Wire Direct to The Star Ofilce Curb Market today: Sal INDUSTRIALS. ales in 1NDU o > PP EBEEE>>0 3533535532 G S ey i 2 Clib “Alum Uten: 1 Cone G, Bait,n 5 Copel 7 film\rlln\lhll Lid Py of. L "5 Famied Fircst 11 Ford Mot Co Can 1 Forhan®Co A. 48 Fox Theaters ‘A shman : Flulton’ Sylnhor 11 Cor ia P 1 @len Alden Co 12 Hellman i Hersmey Ch n wi Ei 3 B 1] Jokrs My 1 1 Joske Bros vtc 1 Kinnear Stores 8 Lackawan 1 Land Co F i Lemur Co 1 Leon Fitz P \(uc| Owe il T Wb “bra 117 0,08 vt T Mol S’ P 1 Mohawk Yal 18 1 Palmolive Co pfd. 2 pender D Groc A 50 4 Pender D Groe B 1% 2 Penn Ohio Ed N. 34 2P Oh Ed p pfd.. 3P Wat'Pow 6 Peon Drug_Stor 11 Bnilip Morrls att_& B 5Pug S P & L... 361 WP S P &L D P10y 13 Reo Mot 38 u el 233225323573, S oo 19 P=3RRSEE, FF AR R o Cop Premier Gold M. Red Warrior & = un“n. I TR A “con_ o acail m ) Ark ‘Nat Ga iritAm Oil ynd ynd % E! b GaE By pid 108 iheon Oil cor..” 1% 7 Venezuelan iWileox 0 & G n Sales 1o STANDARD OIL 18SUES i imite 1100 Atl Lobos ... Buckeve 300 Imp O Can n’ .. 100 Ind P L : 1300 Inter bt C le ON Y Transit mm Ohio il 8§ 0 Neb 7000 Vacuumr O B, | sows =2 255 233z:zistsenestint, 3952 ey ona ~SThEa3 > 35 3 3 [y oow=05555, SRR R w FRE R RN (o REEES %, 5L, SEer ngq £ ... 8533 O oo o SRR SR FEEEEE 2233 A 13051 Bo2 & (i o - s =pSazitoue eltiamm S5t SERSER3EW BFEF PR e Dy 3'31: @IS E R FFE AR R BT 20 = ‘!n. Following is the list ot bonds and stocks traded in on the New York se'-——:fl ¥ FR FIEE SRR SRR SE 8 v opete R334 23553 SstneeenraSEatste ER @ B ST W EEE R 19 2 o B I B BB e = mSosose s e S2353RESE! FISE FREE S S ™ 2% 253833538 oeeoe 3% ce S o e 13 cheoes: %t ST Swms o 10 X &' e 107 * e T i s e [y RoToosSt: SEENERCE < 2523 PR BFESTEE TR 3! ] 03 = gm_ 1252 e yoosen > FEEERS =SSes o SES322II2RRGSEL o SRAGES a2 TR g 22 2358 32333 SRR it b bt MU==== 25 R BSR5 ks A 99 5 Westv C B%s '37 102 | Salesin FOREIGN BONDS. { thousands. . 931 TR 233338 w& * 3533 46 WA ghm (‘m\(". s ]r':"xu. *Ex-dividend. JERSEY ZINC INCOME. NEW YORK, November 10 (#).— Net income of New Jersey Zinc Co. for nine months this year rose to $5,- 355,100, equal to $10.91 a share, from $4,965,257, or $100.11 a share, in the corresponding 1926 period. WOOL MARKET QUIET. BOSTON, November 10 (Special).— The Boston wool market was quiet to- day, but some improvement in de- mand for territory combing wools was developing. Purchases of new clip Fall Texas wool at 32a34 have at- tracted atlention here. Some 12 months’ wool has moved here at 1.10 clean basis and at 1.05a1.08 for average growth. Fine territory was quoted to- day at 1.12al.15 clean basis; French ‘combing at 1.05a1.08, half blood at 1.02a1.05, three-eights blood at 93a96 and quarter blood at 82a87. Fine Ohio fleeces were quoted at 47a48 grease basis, half blood and three-eights blood :; 1&01% and quarter blood at ad e COTTON GOODS QUIET. NEW YORK, November 10 (Special). —~Cotton goods markets were again quiet today. Print cloth quotations slipped off 15 cent, at 93 cents for 68x72s, and remain unchanged at 815 for 64xd0s. Raw silks gained 5 points in an active market. STEEL ORDERS GAIN. NEW YORK, November 10 (#).—Un- filled orders of the United States Steel Corporation on Ostober 31 amounted to 3,341,040 tons, an increase of 192,927 tons compared with the month before. AGAIN FAVOR NORMAN. LONDON, November 10 (#).—The directors of the Bank of England, meeting today, agreed to recommend that Montagu Norman, noted British financier, be re-elected as governor of the bank for the ensuing year. . RUBBER DECLINES. NEW YORK, November 10 (Spe- clal).—Crude rubber, smoked ribbed sheets, declined 1; cent at today's noon quotation of 361z. This compares with 34 a month ago and 41% a year ago. SILVER QUOTATIONS. NEW YORK. November 10 (#).— Rar sjlver, 57%; Mexican dollars, We Have Been Lending Money Low Interest Rates and Commission B..F. SAUL CO. Main 2100 FINANCIAL Baltimore Markets BALTIMORE, November 10 (Spe- cial).—White potatoes, 100 pounds, 75a | 90; barrel, 1.25a3.00; sweet Dotatces, barrel, 1.50a2.00; yams, barrel, 130a .00; bum bushel. 1.50a2.00; beets, 00a4.00; Brussels sprouts, qu.rll cauli- ; peppe! basket, 15a30; pumpiins, 100, 10.00a 20.00; parsnips, basket, 40a50; spinach, bushel, 35a65; Savoy cabbage, bushel. tomatoes, ~basket, 40a1.00; green, 25a35. Apples, basket, 25a75; barrel, :smn ; grapes, basket, 12a18; grapef: , 3.0024.25; oranges, box, 3. pears, bushel, 1.00a3.00; bushel, 40a65. Dairy Farm Products. Live poultry—Turkeys, pound, 35a 40; Spring chickens, 25a27; 23a26; poor and thin, 20a22; old hens. 22a25; Leghorns, 18a20; roosters. 14a ducks, 22a24; small and poor, 17a ; geese, 20a24; pigeons, pair. 20a30; guinea fow], each, 40a90. Eggs—Raceipts, 731 cases; native and nearby. current receipts, in free cases, dozen, 45; strictly fresh, dozen. 8. Butter—Good to fancy creamery, pound, 45a49; prints. 49ajl. blocks, 48a50; ladles, 38; rolls, 34a36: store packed, 34; dairy prints, 34a36; process butter, 41a42. * Hay and Grain Prices. Wheat—No. 2 red Winter, export, 1.35; No. 3 red Winter. export, 1.32; No. 2 red Winter, garlicky, export, 1.3413: No. 3 red Winter. garlicky, ex- port, 1.31%3. Corn—No. 2 yellow, domestic, 1.00; cob corn, old, 4.90a5.00 per barrel, new, 5813a59; nominal. Oats—No. 2 white, No. 3 white, new, 5714a58. Old oats selling at 2 and 2% bushel over new oats. Rye—Nearby, 9021.00. Hay—Receipts, 23 tons. New hay is arriving in only limitedl quantity. It is, theretore, mot being officially graded and sells strictly on its merits, within range of 14.00a16.00 a ton, tim- othy and clover grades. Straw—No. 1 wheat, 10.00a11.00 per ton; No. 1 oat, 13.00a14.00. WHEAT GOES LOWER ON ARGENTINE NEWS Reports of Actual Harvesting of Crop in South America Has Bearish Effect. By the Associated Press. CHICAGO, November 10.—Announce- ment that actual harvesting of wheat has begun in Argentina tended early today to ease the wheat market here. Argentine weather was reported to be gradually warming, the first samples of the newly cut wheat being of good —on First Mortgage for over a Third-of-a- Century. We have developed policies that speed up the handling of applications. We have funds equal to demands both large and small. us first, especially if you want quick action. quality. Starting unchanged to % .off, Chicago wheat later showed a sag all around. Corn and oats were likewise easy, corn opening unchanged to % down and later declining a little more. Provisions underwent a material set- back. ‘Word from Argentina that the first cutting of wheat this season had taken place in the extreme northern part of the country and that harvest condi- tions were favorable was given bear- ish emphasis today by news that Liverpool quotations were responsible for the fact that latest figures on the world's available supply are larger than we- looked for. Predictions also were current that the official estimate tomorrow of the 1927 Canadian wheat vield would show a decided increase and there was talk, too, that a greater amount of acreage than usual has been prepared for next year’s Canadian crop. Although the corn merket today started easy. sympathizing with wheat. unfavorable weather led later to up- turns at times. The fact that the Government crop report from Wash- ington was due after the close today tended also to promote evening up of accounts and to hold fresh speculative selling in check. - 6%9% 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 L. E. Breu: Open and Lighted Daily Until 9 P. M. ‘Preston Homes $5,990 Including Bailt-In Glll(l 1600 to 1636 Eames PI. N. E. Your Rent Money Will Buy This Home These homes contain living room. dining room, complete kitchen and coat closst on first floor, and two linen closet and ME 1602 Eames Pl N. E. (At Sixteenth -n‘ E Streets N. E.) Always Open for Inspection Winfield Preston 1010 Vermont Ave. Main 6307 See Immediate Answers on Applications Leghorns, | COTTONISLOWER INTODAY'S TRADING Decline Is Small and Fluctua- tions Are Narrow—Start Is Higher. By the Associated Press. NEW YORK, November 10.—The cotton market opened steady today at an advance of 2 to 8 points on trade buying and covering. or profit-taking by shorts after the declines yester- ry sold up to 19.91 and May but the bulge met renewed | commission house liquidation, while | there also was some Southern selling. Prices lost 8 or 10 points in early trad ing, January selling off to 19.81, or 8 points below yesterday's closing quo- tations. Early cables from Liverpool were - lower than due, but steadied up just before the local opening, as if the im- | mediate influence of yesterday's American crop figures had been f: y well discounted in the market there. Trading locally was comparatively quiet at the start, but became more active on the decline of 5 to 8 points trom yesterday's closing quotations. EXTRA DIVIDEND VOTED. Alabama Great Southern to Pay Additional $1.50 on Shares. NEW YORK, November 10 (#).— Directors o” the Alabama Great South- ern, which is controlled by the South- ern Railway, today declared an extra dividend of .1.50 a share on both pre- ferred and common stocks, in addition to the regular semi-annual dividend of $1.75 . share. Preferred dividends are payable February 13 to holders Jan: ary 13 and common dividends on De- cember 30 to stock of record Novem- ber 25. BIG MERGER FORECAST. NEW YORK, November 10 (#).— A merger of the Alabama Power Co. and the Gulf Electric Co. is predicted here in connection with the public offering soon of a $50,000,000 issue of 4 or 5 per cent bonds of the former concern. The Alabama Power Co. operates in Montgomery, Anniston, Roanoke and other Alabama town: while the Gulf Electric Co., controlled by the Southeastern Power & Light Co., supplies electric service to a population of about 175,000 in South- ern communities. The Gulf Co. also controls the Mobile Illuminating Co. —— GETS BIG RAIL ORDER. NEW YGRK, lovembol Tennessee Coal. Iron & 1 has an order from the St. LouisSan Francisco Railway for 33,000 tons of steel rails. P, COKE PRICES HIGHER. NEW YORK, November 10 (.- Brices of standard furnace coke in the Pittsburgh district are slightly higher. Sales at $2.85 and $2.90 are increasing. The price of $2.75 is available anly on single carlots, ovs ex widely scattered areas. O YOU NEED MONEY —to refinance maturing mort- ghees? We “make Lons on Real Estate in C. and Vicahity ui Lowest Hates. To- quiries invite THE COMMERCIAL NATIONAL COMPANY (Inc.) p Cash Capital. $700.000 Commereial Nat'l Bank Bldg.. Money to loan on Improved Real Estate in the National Capital. Applications confi- dential. Prompt Service. In- terest rates 514 % and 6% Mortgage Dept. HANNON 1435 K Street Main 2345 6% First Mortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. We have specinlized in the sale of such securities for 40 years. Wm H. Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016 INVESTORS A nationally known firm of investment counselors will have a representative in Washington in the near future. If you are now holding in excess of $50,000 listed stocks and bonds, we believe it will be to your advan- tage to have him call, without obligation on your part, and explain our plan whereby your income can be increased without sacrificing safety. Address Box 231.K 925 15th St. N.W. Star Office