Evening Star Newspaper, November 11, 1927, Page 14

Tl\' ANCIAL. THE FVENING R. UL SDEHOLDS YAY ON EXCHANGE 2il Orcer and Merchandis- i:g Shares Are Strong Spots. American Can Leader. BY GEORGE T. HUGH \1 Dispateh to the close ye Motors dividend the most | e independent . wks were in demand t the shadow of Ford competition | Il hung over the warket and most | ders were willin ide *til the situation ° more | arly defined. Mail Order Shares Feature, rcal feature today was the| the mail order and mer- | American Ice(2) | Am Po & Lt (11) NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Lm\ lm Low. Close 130% 132'2 109 111% 111% l75"¢ h.n"n Open AbILIbI Pow (6). 131': Abrahmé&Straus 110 Abr&Stras 7%t 111% | Adams Exp (6). 175% Adv Rumley. Adv Rumiey pf. Ahumada Lead. Air Reductn(17) Allled Chem (6) Allied Cm pf (7) Allis Chalm (6) Amal Leather... Amal Leather pf Amerada (2).... Am Agricul Chm Am Agri Ch of.. Am Bank N(3). Am Bk N pf (3). Am Bosch Am Br Sh (11 60) | Am Brown Bov. Am Brown Bo pt { Am Can (2). | Am Can pt Am Car&l'dy « AmC& Fpf (7). Am Chicle (3).. Am Drug (80c).. Am Express (6) . Am & For Pow. . Am&Fo Po bf (7} Am Ho P (240). High 132ty 110% 111 Im‘A Close. | Pere Marg pf(5) ll)l I’ere M prior (5) 26% | Phi1aCo6 % pf(3) ' Hn‘\\ Rifth Ave (64c). 12 First N P 1st(8). irst NatS(134). 1715k Rubber... . Iisk 1st pfev(7) Fleischmann (3) Foundation Co. . Fox Fllm A (4). Freept-Tex 14% Gabriel Sn (3%) Gen Am Tnk(4). Gen Asphalt.... Gen Cigars (4).. Gen Eleo (16).. GenFlec spfuc) n Mot (17%). Gen Mot pf (7) Gen Outdr Ad(2) Gen Quidr A (4). Gen Ry Sig (5). Gen Refrac (3). Gillette SaR(15) Gimbel Brot Gimbl Br vt (7). Glidden Co..... Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodyear Tire. . Goodyr 1st pf(7) Gothm 8 H (21) Gotham H pf (7) Gould Coupler A Granby Con Min Grt North pt (5) Gt Nor pf cfs(6) Grt Nor O (1%). Grt Wes S(2.80) Green Canan.... Guantanamo. .. Gulf States Stee) Gulf Sta 18t(7) . Phillis-Jon (4).. Phillips Pet (3). Plerce-Arrow. .. Plerce Arrow pf. Pierce Oll.... Pierce Petrolm. Pllisbury ¢1.60). Pillsbry pf(6%) Pitts Coat Porto Rico Postum (6)..... Pressed Stl Car. PrStl Car pf (7) P'rod & ketiners. Producers&R pf. Pub Serv NJ (2) Pub Serv pt (6). Pub S NJ pf (8). Pullmn Corp(4). Punta Aleg Sug. j Pure Oil $1.8714 . Purity Bak B (2) PurityBak pf(7) Itadio Corpof A. Radio C pf (3%5) RS1ICels (4). Reading (15) teal Silk Ho: Real Silk pf (7). Retd Ico Crn(3). Rem-Rand 1 60. Rem-Rdlst (7). Rem-Rd 2d (8).. Rep Ir & Stl (4). Repl&Spf (7). Reynolds Spngs. Rey Tobac B (6) zcm £ ”6' 26‘& 31 3% 173% 176 148% 1505 122% 122% 112% 112% 'y 174% 1 1497 15074 122% 122% 12 1286 1314 24 1240 55-: li\tl Am Linseed. Am Linseed pf. Am Locomot (8 Am Loco pe(7).. Am Machine (2) Am Metals (3).. AmMetals p£(7) Am Plano (3)... Am Piano pf (1) 102h 4 12416 1244 151% 15614 388 387% 110% 110% 88 100% 6% = 100% 100% ocks. In this part of the | there was nothing doubtful about | movement. I the testimony of | anything, il trade 2ocbuck | th made records fi ar, in both s also_the hi nt shares. May Depart- s sold at the best for the <, and Woolworth, Oppen- Julius Kayser, Munsing- of other companies 1 similar lines went along. . Steel started in fractionally cher, and there a slight im- ovement in the market for stock the other steel companies. Activity Lwever, was on a small scale. More - less this was true of the general | :n of recent industrial favorites. wn Products and American Can were o real leader The _significant ing about the session was not so uch that new issues were taken up, it that there was no pressure on the which had been left to care for msely Professional ~ operators apparently very cautious about king the bear side. Southern Is Conspicuous. In the railroad division Southern ailway was again the most conspicu- Selling again today at 139, it 1 set up a new record for all time, sain giving color to the report that o dividend was to be raised. North- n Pa c improved on a small turh- | er and Chesapeake & Ohio was a sint higher. In the lower-priced ;-oup Erie was the feature. Jrie is expected to show over $5 or the common stock this year, a re- it which will, of course, not be af- ed by the decision on' the Chesa- ce & Ohio application to acquire mtrol. S l Wall Street Briefs PEERLESS MOTOR.—Net income .l Peerless Motor Car Co. for nine ionths of 1927 dropped to $180,713, ~qual to 69 cents a share, from $1.- 330 in the corresponding 1926 | iod, or §4.40 a share. ORTHERN PACIFIC. — Howard .lliott, chairman of the Northern Pa- fic, is quoted in Duluth dispatches 3 expressing optimism on the busi- :2ss outlook in the Northwest for | and Winter. Abput half of the ain on the east end of the line has cen carried to termin&l points, he 1id, and there would still be much mre to_move before the end of the With a satisfactory grain !Up. the buying power of the grain ountry would begin to be felt in astern markets, he asserted, indi- ations already pointing to improved onditions in general business in com- ing months. UNDERWOOD TYPEWRITER.— t'nderwood Typewriter Co. earned | 5.91 a share on the common in the rst nine months this year, against 3.25 a share a year ago. Net profit ose to $1,741,465 from §1,491,840, tegular quarterly dividends on com- aon and preferred were declared. INGOT OUTPUT.—Stee] ingot pro- luction of all leading companies has wcreased slightly in the last week. nited States Steel is at nearly 69 er cent of capacity, and independent ompanies are running at 64 per cent. he entire industry shows activitles fraction above 66 per cent, agalnst 5% per cent the week before and .5 per cent two weeks ago. NEW DRILLING GAINS.—Fleld eports show an increase in drilling ~f new wells begun in the last month Oklahoma and Kansas, 128 having cen started in those tes in the week ended November 3. CENTRAL & SOUTHWEST UTIL- BES.—Central & Southwest Utilittes had net earnings of $11,754,193, r taxes, for the year ended Sep- nber . 30, against” $5,737,974 the ureceding 12 months, BARS MOVI cations for del t cold finished teel bars have heen stimulated in ne Pittsburgh district by increased | 1 from automobile manufac- | arers. Mills operating between | '3 and 60 per Agricultural im- | slement makers also are taking good | onnages. A. ML BYERS. Byers C et income of A. for the year ended Sep- 012 as Somp iled Sales of Mel- rnr 10 months of 1927 019 from $11,3 in the same period of 19: 3.9 per cent el «iys the Am ion Journs t harvests and vorable factors ,. mportant part, remain ingc u,\HuUhm md @ have offsct to con: rarked decline in tion impet: jle degree the e tomobile produe- Expansion of Fall trade adds to busir —— — | ESTATE WORTH $2,148,996. BALTIMORE,; November 11.—R. Brent Kevser, member of the bank- ng and brokerage tirm bearing his name, who died in March, left $2,148,- . it was re by the admin- strators of the in Orphans’ co ed personal 291 and real at §600.604. In the 535,000 divided equally among his three children, MERGER RATIFIED. NEW YORK, November 11 (#).—— ockholders of Dudlo Manufacturing and Wire Mills of © have ratified the proposed merger into the General, Cabie. Corporation,, _ T__, | Am SatetyR( | Am Smeiting (8) | Balawin L (7). | Cuba Company Hrtn Bb10%stk. HockingVal(10) Hoe&CoaA..... Housh!d P (314) Houston Ofl..... 161% 1654 Howe Sound (4). 984 U8% Hud Man (2%).. 54 Hudson Aot (5) 66ty Hupp Mot(1.40). 22 Llinots Cen (7).. Indep O11 (1)... Indian Mot pf(7) Indian Refining. Inland St (23%).. Inspiration Copr. Intcontl Rub(1). Int Bus Ma (4), Int Cement (4 Int Com Eng (2) Int Comb pt (7). Int Harv (§6)... IntMtch pf(3.20) Int Mer Mar pf. Int Nickel (2)... Intl Paper (2.40) Int Paper pf (7). Intl Shoe (7).... Int) Stiver. Int Tel & Tel (6) [ntertype(tiiz). Jewel Tea. Jordan Mo . KCP & L 1st (1) Kan City South.. 21t 401 28 6614 165% Rossla Ins (8).. Rossta Ins Co rte Safety Cable (4) St Jos Lead (13) St L & San Ft8). St L Southwest, Schulte (3% ) | Schulte pf (8) Seabd Alr Line. | Seab Afr L pf... eagrave (el.20) ears-R (n2%). Shattuck F G (2) Shell Un (1.40).. Shuber The (5) Simmons (2) 201 20% | 400 400 28 28 8 66 132% 132% 105 105% 463 50 67% 424 107 168% 172% 1d4% 144% 47 47 0% 0% 1074 ll)/'A 1074 107% 643 64% 623 324 33 176% 176% L 4 1841 181'% 182% 1834 184'y 182 182% 126 126 126 126 110% 111 110% 111 2 6315 613 631 100% 1007 100% 100% 22! Am Radiator (5) Am Ry Exp (6). Am Republic. 09 Tdt 518 L RIUN Am Seating (14) Am Shipbldg (8) Am Snuff (12).. Am Stl Fdys (3). Am Sugar (6)... Am Sugar pf (7) Am Sumatra.... Am Tel & Ca (5). Arn Tel & Tel (9 Am Tobacco (8). AmTobaccoB(8) Am Type Fo(8). Am Type pf (7). Am W W (m80¢) AmWWks pf(6) Am Woolen..... Am Writ Pa ctfs Anaconda (3)... Arinouroflll(A) ArmourofIll(B) Armour 111 pf(7) Arnold Con&Co.. Artloom (3)..... Asso Dry G (2%) Asso D G 1st (6) Atchison (110).. AtICL (183%). AtlGulr & Wl.. Atl Gulf&W1 pf. Atl Refining (4). Atlas Tack. Austin-Nich i Austin-Nich pf.. 27% 27% 27% Autostrap A (3) 43 43 43 250 251 250 122 122 122 2 117% 118% 117% 118% B8l% 4 564 132% 26% 96% 9 o2 18% 124 4 100 Sinclair Oll..... Sinclair pf (8).. Skelly Oil (2)... Sloss-Shef (6).. Snider Packg Co Snider Pkg pf... So Por Ric S(f2) 634 691 | South Por pf(8). 104% 104% | South Calif Ed.. 230 230 | Sou Dafrles B... 4 1931 193y | South Pac (6)... 1 14814 1501 | Southern Ry (7) 29 29 | South Ry pf(5). Spaulding pf (7) Spicer Mfg. Spicer pf (8). StdG&E 3%). StdG & Epf (4). Std MIll (5)..... Std Millg pf (6). StdO11Cal(t28). Std OILNJ t1%) Std O1INY(1.60) Sterling Prod (16 Stewart-War (6) Strom Car (2)... Studebaker (5) Studebak pf (7). Submarine Boat. Supertor Ofl..... Symington Cl A.. Telautogra (60¢) Tenn Copper (1) ‘Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. Tex PC&O(60¢ Tex Land Trst o The Falr (2.40). Third Avenue... Thompson(3.60) Tidswatr As Oil. TidWASOIDS(6) Tide W O1l pf (5) Timken (16).... Tobae Prod (7).. ‘Tobac Prod A (7) { Transcont OIl. . . Transue & W (1) Underwood (4).. Un Bag &Paper. Union Carb (6).. Unilon O11 (1233) Union Pac (10). Union Tank (5). UtdCgrSt(C80c) United Drug (9) Utd Drg 1st (3% Utd Frult(16%). USCI1P&F (10) 2 U 8 Distributing U S Hoftman (4) S Aleohol (5). IndAlf pf(7) Leather w 1. Realty (4) Rubber, Rub 18t (8).. Smelt (3%). Sm pf (3%). Steel (7)... U S Steel pf (7). U S Tobacco(3). Univ Leaf Tob. . Uni Pic 1st pf(8) Univ Plpe(t2%) | Ut PELt A (e2) Vanadlum (14).. Vick Chem (4).. Victor Tlk Mch. . Victor cv pf (6). Victor pr pf (7). Va-Caro Chem. . i Va-Car Ch 6% pt \ a Iron Coal & C Vivadou (3).... Vulcan Detin,... Wabash. . Waldorf (1%4)... Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Pic A... Warner-Quin(2) Warren Bros (4) Warrenlst pf(3) WarF&Pipe Cor. Web & Hell..... ! W Penn El pt (1) \Vest P Po (6).. West P Po p2(7). West Maryland. West Md 2d pf.. West Pacific. Westn Pacific pf. West Union (8) Westhse A B(2 Westinghse (4). Weston Electric. Weston A ( Wheel & LE pf. White Mot (2) White Rock (2). White Sew Mach Willys-Overland Willys Od pt (7) Wilson & Co. Wilson Co pf Wilson & Co pf Woolworth (5). . worthn Pump. . | Worth Pump (B) Wright Aero (1) Wrigley (13%).. Yellow Truck... Yel Tr&Co pf (7) Youngstn Sh(b). 101% 101% 2230 236 8 921 364 37 6474 66% | 47',) 10 6 65 43% 41 4! 45% 45 47% 487 474 109 109 109 188% 189'5 188'; 189 187% 192 187% 191 34% 34% 34 34 347 34 117‘- 1177 uz T % 54 54 4T 10 72 14% 115 115 62 Kelly Tire 6% pf Kelly Tire 8% pt Kennecott C (5). Kinney pt (8)... Kresge (1.20)... Kresge SS pf(8) Kresge DS pf... Kress S H (h1) Laclede G pt (5) Lago O1l (75e). . Lambert Co (16) Lee Tire & Rub. LehighVai(3%). Lehn & Fink (3) Life Sav (1.60).. Lig & Myrs(ft4) Lig &M pf (7)... Bald Loco pf (7) Balto & O (6) Balto & Oh pf Bk Comerce t18. Bang & Ar (3%) Bang & Ar pf(7) Barnsdl A(b23%) Bayuk Cigar: Beacon Oil. Beech-Nut (H). Best & Co (3)... Bethlehem Steel Beth Stl pf (7). 1 lllh 111% 111% 111% 243 24% 24} 24% 94k 9dla 9213 9215 14 14 14 14 66% 664 66% 66% 655% 56 55% 55% 52% - 527k 51% 52% 115% 115% 115% 115% 42 43% 42 434 . . 88 66% 5% U9 40% 22y, 22y 123 123 13214 132% ; 123 Bon Ami Cl A (4) Booth Fisherles, Briggs Mfg Co.. British Emp 2d.. UBklyn-Man (4).. Bklyn Un Gas(5) Brown Shoe (2% Brunswick B (3) Brunswick Ter. . Burns BrosA(8). Burns Bros (B). Burroughs Ad t4 Bush Term (b8). Bush Trm pf (7) Butte Cop (50¢). Byer & Co. . By-Products (2). Calif Packg (4). Calif Petm (1).. Calumet & Ar (6) Can Dry (13%).. Can Pacifio (10). Can Pac 1st pd.. CaseThreshg(6) Century Rib M. .. Century R pt (7) Cerro dePas (15) Certain-Teed (4) Chanad-Clev Chandlerpfi Chase Nat B(18) Ches & Ohlo (10) C & O Corpn (3) Chi Great We: 5% 21 21% 2% 2% 56% 56 B6% 135 ° 185% 135 135% 44% 4% 44N 4du 33% 33 33w 33w 8l a8 17% 874 K6 112 100% 11342 93 3 50% 40% 10% 10% 26% 26% 151 153 24 24 83% 8T% 81 85% 100 101% 110 110 118% 120% 229% 230 25% 25% 49% 49% 15% 16+ 8 27 47 454 45% 31% 31% u'/a 12% u u u u u u u u u nLRRRRRR 30% 25 4% 29% 2% 2w 178 179% | 20% 21 44 44 684 68% 4% 42% 106 1064 4 53 53u 110 110% | 103% 1044 ¢ 291y Chi Rock 18 (5). CRI&PDL(6). Childs (32.40).. Chile Co (2%). Christ! B (1.20). Chrysler Cor (3) City Stor A (3%) City Stores (B).. Cluett Peab (5).. Coca-Cola (5)... Collins & Atk(4) Col Fuel & Iron.. Col Gas & El (5). Col G&E pf A (6) Col Carbon (4) Com Cred p? 6 2% T0% 71% 89l 88!y BIY 107% 107% 107% 107% 98 101% 98 100 - 8213 821 82 82 Com Inv (3.60).. 51% 53% b51% 533 ComInTrpf6l; 88% 88ly S88ia 88% Com Solvents(8) 171% 173% 170% 173% Com Powr (2%). 67% 68% 66% Gl Conde Nast(2).. 46% 46% 46 Jongoleum-Nair 24% 4% Cong Cgrs(14%) 68% 69'a ConClgars (7).. 79% T79's Consol Distribut 14 15 15 Consol Gas (5).. 114 116% 114 ConsolGas pf(5) 99% 100 997 ConRRCuba pt6 6 7L 69% Consol Text!l 3ia 3 Cont Bakg A ( bB’h bl% 53 Cont Baking B.. 5% 5'%4 Cont Bak pf (8).. 93% 939 Cont Can (5). 6. 7 Cont Insur (8) 215 Cont Mont (80c). 9% Corn Prod (13).. 621 6d% Corn Prod pf (7) h 135% 135% 135% Coty Inc (16)... 103% 104t 103% 104} CrucibleSteel (8) 50% 80 Cuba Cane Supt 293, 24% wv Nl 72! 148% 1503 140 140 431 716 7 5 637% 116% 99% 0% 3% 1894 139% | 3 13 113 A 22% 23% 36% BT 2% 913 923, 3 o84k : 16% 1624 1274 | 62 62 | 91 91 1675 165 Slin b2y 1120 112% | 8504 188 87 5BY, 964 94 231, Cuban Am 8 (1 19% Cudahy Pkg Ins | Cushman's (§4). Curtiss Aero. 46 | Curtis A pt (7)., 112 { Davison Chem.. 3314 Deere&Copt (7). 123 123 Del & Hud (9).. 184% 184% 184% 184% Del L& W (7). 138% 138% 138% 138% DRG Wstpf.,, 524 53% 52% 53} Detroit £4 (8).. 158 160' 158 Devoe & R(2.40) 38% 38k 88!5 DodgeBros ClA 144 1a% 1di Dodge pf (7).... €0 6€0% 59% 60 Dome Mines (1), 11 11 10% 10% DunhillInt (4).. 57 57% 56% 57 Dupont (19%).. #09% 315% 306 315% i 166% 171'% 166 169% 126 126 125 125 22% 22% 21% 21% 95k 97 94w 97 16% 18 16% 17% 26% 28% 26% 27% 105% 106' 1057 106 117% 118% 117'% 118% 8% 9 192 55 bdly 141 144 464 45% 1z 12 194 Lig Carb (3.60). Lorllard Co. Louls & Nash(7) 1% mm 139 McCrory B (1.60) Mackay (7).. 825 831 8% 83l R H Magma Cop (3) 231 28y 23 23% = Manat! Sugar... 1931 1955 193 196% Man £1 Sup (5) 12% 13 . 12% 13 Market §t prior.. Bl 5lk 507 bL % | Mathieson (4), 584 084 580 208% 1 Maytag (13). ... 1343 13 29% 9% Mia-Continent. - 106% 1064 108% 1054 | piiang bt (13 3% 55% | Mo Kan & Tex. . 51 | Missourt Pac pe. Moon Motor... Motor Whi (2).. Murray Corpn. NatBHess pt(7). Nat Cash R (A)3 Nat Dept Store: Nat Enam pt (7) Nat Led pt B (6) Nat Rad pf (7) Nat Surety (10). 2 NY C&StL (6). H4'% , NY & Harlem(b) NY Ont& W (1), NorAm b10 %8stk Lig&MyrsB (f4 Lima Loco (4).. Loew's Ing (2).. Loose-Wil(1.60) Loulstana Oil. . LoulsGasA(1.75) Ludlum Steel(2) McCrory (1.60).. 64% 634 64% 64%] Mack Truck (6) 117 117 117 117%{ Mack T 1st (7)., s 8 Macy R H (5)..0 74 76 74 T4% | Mad Sp Gar (1). 7 4 667 1 67w 6ot co| Masma Cop (3 91 92 901 917 | Mallison pe (7, e ¥ st ae, $2m | Manati Sugar pf. 1911 1913 191% 191% | Mandel (23).... 35 <11 210w 216" | Han B Sup & Sis B4 B4ss B4 | MaracaidoOll ool ol o T 5 5 5 Martin-Pary (2). b ooi oo ooy | Mathieson pr (7 209 20915 208% May Dept S (4). % 4% B3 B4 | MetroG pt (189 N Mexican Seab 15 15 16 15 B8 83w sgw Bk | idledietes... 1035 204 1085 108% | iLoF U0 L) o S, 5. 55 | Msipassy i) 704 | MoK &T bt (6). Missourt Pacific. Montana Pow (5) Montgmry W (4). Mother L (60¢) Motor Met (3.60) Mullins Body. .. Munsingwr (3).. Nash Motor(t5). Nat Bellas Hess. Nat Biscult(17). Nat Bisc pt (7). Nat City Bk (20) Natl Dairy (3). Nat Distillers. ... Nat Enamel & . Nat Lead (5).... Nat Lead pfA(7) Nat Pw&Lt (80¢) Nat Radiator. Nat Ry Mex 2d.. Nat Supply (4) Nevada C(1%) N ¥ Cent (8) NY Dock.. NY Dock pf (5). NY NH & Hart. . NY NH&H pt(1) Norf & Wn(+10) Norf & W pf (4). North Pac (6)+es Nor Pac c£5(5).. 32% 105 Digidend rutee a siven o O o the lmlunl cash Otls Elev pt (6). Otis Steel......o Qutlet Co (4).. OQutlet Co pf (7). Owens Bot (Ct5) Pac Coast 2d pf.. Pacific Gas (2). Pao Tel & Tel (7) Packard (3) . Palge Motor. ‘l'y 1"1‘ 114' .K 2 14 | * Partly sxtra. 1gzn 13u | el o Ve ¥ h’l Pm‘llo R ] 2he Yo 9. Eaton Axle (2).. El AutoLt (16%) Electrio Boat... | Elec Power & Lt KSlec P&LE pf (7) EP&LDS 40% (7) Eleo mg—mc 8% 9 2] Stge Bat 69'a 0% 69% 70%| pan-Am Pet (4). Engineers PubS 37% 374 37% 87% | pan.AmPetB(4) Plus one-hait of common st Engnrs PSBET) 1074 107 1075 1074 | Pan Am West B, PR i Bquit BlAz (T).. 89% 89% 89 89 | pannandle, - EquitableTr(12) 412 415 Panhandle pf. ErfeR R . 6 Parmt-Fam Erie 18t pf. Park & Tilford. ., Erle E!ms(z’b’ Park Utah (80c). ErleStmScfs 274 Pathe Ex A (4).. Eureka Va ft4% Peerless Motor. . Fed Ligt(h1.40). Penick & Ford. .. Fed LET pt (6).. 99 99 PennDix Cmt(2) "&’ Minpf (7)., 95% 96% penm RGR (3%) Kid Phoggiz(4)., 166 156 les Gaa (8). 166+ 13 YOSBIR(). 106 Lo i w» oo by earned: 107 s 15 ' in et P k Payabl: i Cinss A NEW Y¥ORK, November Coal Age ture over a 9% 40% 4 99 96% ] g 'i Z % 157% Lulgncing supply. LY ews says lower wirly wide arca has been productive of a more hopeful feeling in the bituminous coal trade, though little actual progress has been made in G5w the effort to stabilize prices through WASHINGTON, D. .. T'RIDA v. Close. 110% 1e 1004 U3le 8ty 26 6214 1164 115% 48 50 Hh‘ les on N. Y. Market. 778,200 1.317,700 above tavle payments based on thie clud 1 lumnf “lcka_ than 100 shares clock. m Elu n partly stock: b Blns $3 in n:wre;emd siouls’ COAL TONE BETTER. 1 P)— temper: C.. T'RIDAY. NOV CAPTAL TRAGTION SCORES ADVANCE Feature of Local Trading.| Sanitary Grocery Leader in Dealings Volume. | { | | | BY EDWARD C. sital Traction continued trend toda; t interesting g gton Stock I < opened at 1081 m the last sale. a STONE. its up- | and furnished the ature of trading on | hange. The | up a half point our more sules at 108% and in- Trading was he t in Sanitary | Grucery preferred, the stock opening at 1023% for a 1t-share lot and clos- ing at 10 are transfer. Po- tomac Electric Power ¢ per cent stock moved at 1113, while one share of the 1. issue sold Both type st thaler Linotyps nston Mono Corimbi; nd and tered 102, hty shares of National Mortgage | nd Investment preferred changed | 6 Washington Railway ~General sold at 104, Washnigton Gas 6s, series A, at 103. and Potomac Electric Con- s at 1021;. The day’s mar- ket elosed with 430 bid on Washing- ton Railway & Electric common and | 410 asked. But there were no trans- | ctions in this or the preferred. Finds St. Loui George B. Chipman of Harriman & Co., has returned from a business trip to St. Louis, | where he found the present busines: cituation decidedly spotty. The whole- sale house complaining bitterly about the hand-lo-mouth buying policy which has become so popular with re- tail merchants during the past two or U resident part- | ms are kept con- arding the prob.xble vize of fulurf' or S Manufactur in the St. Louis are: are meeting the same difficulty. | they run full time, they have no w of knowing whether there will be a de- mand for all their goods or whether they will become greatly overstocked. The business men with whom Mr. Chipman talked could offer no solu- tion to clear up this condition of com- mercial uneasiness. Sanitary Bond Issue Sold. tloward Duckett, chairman of the | Washington Suburban Sanitary Com-| mission, reports the sale of $250,000 | 415 per cent, series Q, sanitary bonds to the firm of Wheddee, Jenkins & Poe | of Baltimore, their bid being 105.619. The bonds are dated November 1, 1927, to run for b vears. The new issue is to be marketed by the above firm associated with Frank, Rosenburg & Co., also of Baltimore. [ The bonds are guaranteed by Mont- gomery-and Prince Georges Counties in Maryland.” The funds derived from the bond sale will be used by the com- mission in the construction of water mains and sewers Klein Reports Trade Expansion. | rowth of transpacific traffic is; the outstanding feature of our post- war commerce,” said Julius Klein, di- rector of the United States Bureau of Foreign Commerce, at Seattle yester- day. “Before the World War our com- merce, both export and import, with these lands from New Zealand to Ja- pan and westward to India totaled $462,000,000. This represented slight- ly less than 12 per cent of our total imperts and little less than 7 per cent of our total exports. Last year we did a business of $2,215,000,000 with the Orient, of which 31,443,000,000 rep-| resented imports and $772,000,000 ex-| rts. “In no other part of the world h:.\‘e- we made such rapid advances in de-| velopment of both import and export | trade as we have with countries of the! Far East.” Company Expands Service. T.ocal stockholders in the Merchants | and Miners’ Transportation Co. will be interested in today's announcement that the concern is to start a new passenger service between Baltimore and Miami on November 22. Every Tuesday one of the company’s steam- ers will sail from Baltimore to Jack- sonville and after discharging freight and passengers go on to Miami. Hitherto the only passenger service ! to Miami has been from Philadelphia. Note Circulation Shows Gains. An increase in currency demand in the fifth district was shown by a rise in Federal Reserve notes in circulation on November 9 to $75,517,000 from $72,753,000 the week before. Member ank reserve deposits at the same time decreased $1,093,000 to $74,918,000. There was but little variation from the previous week in volume of kill holdings. Rediscounts stood at $23,. 301,000, a decline of $658,000. Accept- ances bought in the open market amounted to $47, ,000, a high figure compared with previous years, but | only a slight increase over the pre- vious week. The reserve ratio was 51.32 per cent, an increase of 1.18 per cent in a week. The ratio of the system as a whole was 73.1 per cent. Convention Ends This Evening. The convention of Assoclated Stock Exchanges in Cincinnati will close to- night with a banguet. Officers are to be elected late this afternoon. The routine work of the convention has centered in committee reports on taxation, membership, changes in the constitution and uniform listing re- quirements. One of the most impor- tant addresses was on “The Prepara- tion and Issuance of Financial State- ments.” Another important address was by William J. Donovan of Wash- ington, Assistant Attorney General. Issue Three Times Oversubscribed. The latest Treasury offering of seven-month certificates at 3% per cent has been oversubscribed nearly ! three times, it was announced last | night by Secretary Mellon. | Reports received from the 12 Fed- eral Reserve panks show that for the oftering, which was for $400,00¢,000 or thereabouts, total subscriptions aggre- ate some $1,100,000,000. Of these subscriptions, about $2,300,- 000 repres riptions for which second Liberty Loan 4s and 41(s were tendered in payment, all of which were allotted in full. Heard in Financial District, William W, Keck, assistant treas- urer of the American Security & Trust Co., and Elmer F. Sauter of Eastment, | ¢ Dillon & Co.’s local office will enjoy a week end hunting trip on the large es- tate, at Hancock, Md., of Mrs. Rhine- hart Cohill. Frederick P. II. Siddons, secretary of the American®Security & Trust Co., will leave here Sund: on a lD-day business trip to Chicago. Members of the District Life Under- writers' Association report that last night's forum dinner was one of the most _interesting affairs of the kind held in many months. The American Railway Express Co. has declared the regular quarterly dh‘ld;lnd of $1.50, payable on Decem- ber 31. The Childs Restaurant Co. reports October sales of $2,378,175, agalnst 1,300,291 a year ago. Ten months’ ales show an increase of more than 11 per cent. RUTLAND R. BR. EARNINGS. NEW YORK, November 11 (#)— The Rutland Railroad earned $4.30 a share on the preferred stock in nine 6s | | =008 2003 SMBER 11, 1927 FiNaNC « NEW YORK CURB MARKET , Recsived by Private Wire Direct to The Star Office Following is the list of bonds and York tocks traded in on the Curb Market today: INDUSTRIALS. miA al Granamid uf fr DS 1 Ra Rnhlm{ A ot Sol &Ch vie $ & C ommonw P n pf 10115 onsol Laand... o pubilier C & K. nrant L B&S| + Eajardo Suz Co. 55 Fonsteel Prod 1 Equeral Water 1 Flor Pw 1 Foote Br GEM. I-nnh Mat, €6, Cari 5 i 1 Gen Puh ‘nr 1 Glen Al 415 Gold Seal 4 Grand Store % Grand Stores Her, Choe DI Wi 6 I Choc p DId wi 465 nd erv imer Wma St. mmmnhy il Stores Mary] Marvel Carb. 2 1 ¥ “all Corp n. Jolinigon. 0 Chain M g P 7MId West ‘(‘u}l il pfd . d W U s pid. Mitror Hu 1'Nat Candy n. El Pow 3 1i41y i K pmi 1Buz s P &1L o R Reo Motor . o B i 13 TI:l xw’ US' frelgnt B Freight rt3, 4 Ve Wi aik S i Sales MINING STOCKS in hundreds. HRITOCK 1 Am Explora . a6 Cons,_Co Insing 7 Noranda w Qhio, Cop Met; 11 W enden Lou . Sales I in hundred: 3 Am Con_Oilfids. iracaibo ¢ FAm X 3 Brit-Am® onh 1 Carib_Synd . v n nd.. 40 Columbla"s¥nd 18 Creoln Synd” -« 3 Gult Oil of ‘Pa 67 Intercantl Pet 1 Lion Oil_. 1 Relter-Foster Oil. 1 Rich o1l Cal ptd- alt Ck C 0 An 00 “uzlo Am 0ii lel'rurle ol-(, 0l RESI 2008 0 14100V lLuIIm Sulesin n. “off: months of 1927, against $4.72 a share in the same ot 1926, AP g PR A FErES New TEEGE 2 el 12 ’xgt: Ger Gt Red Loan with draw o0 89 7 Ol Pow 4% 5 Ohio Pow 1 0hio Riv E P A o sl!ll}‘xlA 984 5 PEEEEE,_S 1} Buenos A1 i 4 Denmiaks 3 O Fme S Pru 61 x,m- Cons Mu (A m deo 65 ‘l!\inr Bk lln ot 78 9. Yog, Bk chlle 0 Ui, H°E Bomic 0s Wi 20 ini Bledellm dsl(lifi 1 |rAmliert Gs.. IJ 3 a7 1 }l‘ l.ruade 75:1‘&60 uss Gov Sanda Falls By A 106 Fe City 78 VJ': M 1745 0015 — e STEEL PRICES RAISED. Advances by Carnegie and Illinois Firms Arouse Trade. NEW YORK, November 11 (#).— Higher prices for steel announced by Carnegie Steel Co. and Illinois Steel Co., subsidiaries of the United States Steel Corporation, aroused keen in- terest in the trade today. An advance of $1 a ton In prices of bars, shapes and plates by Car- negie Steel, follows an increase of about $2 a ton two months ago, which is regarded a9 a reflection of a better feeling in the trade. Leading independent steel com- panies are expected to meet the ad- vance. Chicago dispatches to the financial district sald Inland Steel has< done so, after Tllinols Steel increased prices 31 a ton. SUGAR IS UNCHANGED. Little Liquidation and Cuban Sell- ing Ease Futures Prices. NEW YORK, November 11 (®).—| 1, | The raw sugar market was quieter 13 early today. No sales were reported ' AR 150a pelcen weie unchanged at 4.86 for Cuban duty paid. A little liquidation and Cuban sell- ing probably promoted by the dis-| appointing London market were re- sponsible for the slight setback in raw sugar futures, prices at midday being about 1 point net lower. Trading was light, with operators inclined to limit operations pending developments abroad, where a conference has been called for Monday between the Cuban representative and European beet sugar producers to consider the plan of world wide sugar restriction. The Government report placing the do- mestic heet sugar production to No- vember 1 at 915,178 long tons, against their indication of 783,928 long tons on October 1, had no effect, as recent private estimates had been around 924,000 long tons. The refined sugar market was un- settled, with prices ranging from 5.65 moderate inquiry. reported. — FAIRBANKS PROFIT DOWN. NEW YORK, November 11 (#).— Net profit of Falrbanks Co. and sub- sidiaries for nine months this vear dropped to $72,583, equal to $7. share on the first preferred from $206,136, or $20.61 a share, on the first preferred in the corresponding 1926 period. NEW YORK MARKETS. NEW YORK, November 11 (P). to 5.70 for fine granulated, with only | PAL. w, M to Loan ”"'P.".mu..?‘u?““ 'y 'Jq"'é‘"‘..':‘.:.'a?“" Joseph 1. Wi Mo Money l.uned at Low Interest Rates Economle Conditior Tyler & Rutherford Loan Con‘uyundpnt Elllhul Beneft fe ins. Co. 1520 K Street Main 475 REAL ESTATE LONS 5129 FRED T. NESBIT 1010 Vermont Ave. SECO! MORTGAGE LOANS Business Properties PHILIP MILSTONE 1101 Vermont Ave. Decatur 1681 In Nearby Virginia 5 1 / 7 :’rudentinlc nsurance Co. 2 0 Loans Commonwealth Investment Co. 917 15th St. NW. Phone Maln 2628 WE FINANCE —aif classes of income-producing y Large Loans a Specialty Current Interest rate and comm‘ssion, Higbie & Richardson, Inc. 816 15th St. N.W. Offices Saul Building 925 15th St. N Several desirable very reasonable rents. tion invited. B. F. SAUL Co. Main2100 92515th ST.N. rooms at Inspec- We Will Finance Your First Trust Loans To Run § Years No Curtail | 5%% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 1433 K ! i FIRST | MORTGAGE | SECURITIES ; Secured on | Improved Real | Estate in the | D. C.—assured | annual return HANNON - & LUCH 5 5 Investment Dept. 1435 K Street - LOANS We will gladly receive and give prompt attention to applications for Loans on Washington | Real Estate i Current rates of inter- est, Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Co. 926 15th St. N.W. Rye firm; No. 2 Western, 1.143 f.0.b. New York and 1.12% Barley firm; malting, 93% ci.if. York. Lard firm: Middle West, 12.80. Wheat futures opered steady; domestic December, 1.27!§. Other articles unchanged. EXTRA DIVIDEND VOTED. NEW YORK. November 11 (#).— Directors of Ohio Oil Co. declared an extra dividend of 25 cents a share and the regular quarterly of 50 cents, pa able December 15 to holders of record November 21, same amount were preceding quarters. SILVER QUOTATIONS. authorized in two Bar silver, 571; Mexican dollars, 44 o By Special Leased Wire to The Star. NEW YORK, November 11. Bid. 53.00 Asked. otfs att R i X er 23" Loan withon - SGran ctls per 1000 A uoted in dollars per thousand ks o Gen Ele n- ‘xur. Eg00™ " El-e 4 s Hi Norih Grman Lion Krupp Gs 1921 Dusseldort 45 b Erankfort aM ds m—- -war. . Munich 4s pre-war. ¢ g}lu) B i vat Bank Bisconta - etiee s.'é?‘n".r Handel o Dresdner Dontecho - Banis Extra dividends of the | NEW YORK, November 11 (®).—|| 5. | sources. GERMAN BONDS AND STOCKS. || INSURED Mortgage Bonds “Insured with the Equi table Surety Compan (under supervision of the | New York State Insurance | Department), which | pledges its two millicn dollars of resources to the payment of principal and | nterest. Unconditionally guaran- teed by the Federal Se- curity and Mortgage Com- pany with $1,000000 re- {Secured by trusts on con- servatively appraised, owner-occupied property in the District. Maturities 1 10 years. to $1,000. Deferred pay- | ments. B —— FEDERAL ! Security & Mortgage Co. i 1412 K Street N.W. { Washington, D, C. it i) Wi B Horore information Name Darmstaedter Bank Heyden ¢ o140 Aufluln A'E G (Geu Blec) .50