Evening Star Newspaper, November 12, 1927, Page 27

"FINANCIAL. e BEST RAILS REACT IN BOND MARKET Overflow of Money Goes Into Better-Grade Industrials and Utilities. . BY CHARLES F. SPEARE. Special Digpateh to The Star. NEW YORK, November 12.—Dur- ing the short session in bonds today there was a slight reaction in some of the' high-grade rails, which had heen bid up vigorously yesterday when the market was suddenly found to be almost bare of this type of securil The reaction was from % to 1 point where the largest gains had prev ously occurred. Other issues, how- ever, showed considerable strensth. with Union Pacific 4s at par and ~ Northern Pacific 4s up % to Y8, so that the average of this group re- mained at its highest for the vear. There was an overflow into the bettergrade industrials and _public utilities. Western Union 5, West Electric s, American -Smelters New York Telephone 41:s and Inte national Telephone 41:s were well ab- S, scond-grade industr a active trading in J 5 around 10 German public utilities advanced % | Yialin government is. French | Chile 8, | the Ka$ ipanese 618, constituted group. Government bonds 1 ended the week with I« maturities at app! imately 5| st of the vear. This weeck’s new is-| sues amounted to $110,000,000. Most of this was represented in_two ol three fairly la nzs. There is not a great deal of new financing in sight. ‘CHANGES ON CURB O BULLISH SIDE Vacuum Oil Again Feature. Pipe Line Shares Also in Demand. strongest 1| held wel BY WILLIAM F. HE Bpecial Dispatch to The Star. NEW YORK, November the important changes on the Exchange todiy were on :he side of advance, Soma of {hem were large and strikinz. chicf amonz which was the rise In Vacuum Ol ~ < rossing 145, @ mew high recorl for the present shares was set up. Five years ¢80/ Vacuum paid 1 300 per cent stock dividend, and ‘ths report today was the Curb et Gnother stork distribution, prob- | Toklo 515 1961 ably of 100 per cant, was in prospect. At any rate the stock was bought regardiess of the condition of the oil industry. Pipe Line stocks were also in de- mand. Indiana Pipe recovered the loss of the previous day and equaled jts old high, while Prairie Pipe ran up 3 points. Pipe Line companies are, of course, helped rather than hindered by the eurrent-heavy. Live “1n the general industrial list, Deere & Co. added 3 points to its §15-point gain of Friday. Reports as to Deere’s Volume of business are highly en- courazing and dividend action 13 ex- pected now that accumulations on the preferred have been cleared up. - An- other feature was the Kemsts bourn stock and bonds, both of which went to new highs. Gold Seal Electric “ made further response to the increase in the dividend rate. Newmont Mines reached a mnew high, reflecting the increase in the ‘market value in its holdings of Kennecott. \. General Baking was actively bought, " maintaining its leadership of the shares of baking companies. The “A” stock, paying $5 and returning over 6 per cent at the market, is certainly attractive on a yield basis. The feature of the utilites was again Southeastern Power & Light. | Czecho 'Yokohama s w1.. Am T & Teol tr4s, A Am T & Tdeb5%s 45 109 Am Writing Pap 6s 12 | Beth Steel fs. .. r_ ON NEW YORK Received by Private Wire WUNITED STATES. (Sates arw 'n 81000 Salee High Low. Close 10 101 14 101 14 10114 6 10315 10312 10312 Lib3d 4%s 18 10031 10029 10031 fib4th a%s 17 1042 10331 10331 US 3% 43-47 610 102 10150 102 US3%s.:. 12 10630 10626 106 26 US4s 1944, 22 10930 109 24 105 24 US4yss2. 1152 11426 11426 FOREIGN. Sales. Hizh Low Close Lib3%s... Libist4%s Argentine 6s Oct59 Argentine 6s A . Argentine 6s B. Australia 58 1 Australia 58 19 Austria7s..... . Bank of Chile 613 | Belgtum 6s.. Belgium #%s. Belgium 7s 1 Belzium 7s 1 Bordeaux 6is Brazii 6%s Brazil 7s. Brazil 8s Bremen. State. 7s. Buenos Aires 7s 57 Buenos Aires 7s 58 Canada 5s 1931 Canada 5s 1 Canada 558 1929, Chile 7s 1943 Chile 8s 1941 Christiania 6: Con Pow Japan 7s. Copenhagsn Copenhasen 5 Czecho 1t 1071 10 | 104% 1044 107 02 102 102U 10.% 109 10112 1014 9 981 | [t} 1004 1004 105% 105 109 zecho 8s 105 Denn Duteh Duteh East | 6s 62 Finland s f 6s 45 Finland 7s. . 10015 10412 106 1165 it 95 10615 99 French Is French 71s French & German German 7s.. . Ger Am Rank 7s. Ger Gen Elee 7 Italy 7s Italy Pub 7s Iapanese fles .., Jerzens U M 6s 47. Lyon s. B Marsetlle 6s. ... Mexico 4% 01 asntd Milan 6izs. Montevideo 7s. . Nerheriands 6s & Vetherlands 6s T ord fles orway 648 Norway s 1944 Norway s 195 Orient Dev deb 6s. Paris-Ly-Med 6s.. Paris-ly Med 7s Paris Orleans 7s. PeruTis..... Peru 8s Poland 6s 40, Potand Xs Queensland 7s..... Rio de Jan 85 47, Rome 6155, Sao Paulo 1950. Saxon P\W) T8 Seine 7s 42 Serbs Crot Slo 8s Soissons s Sweden 5%s Sweden s Swiss flgs 1946 Toho Klec Pow I8 Toklo hs 10 116 Hl]‘-‘ 076 1104 1056 106 99 4 100s 100% 100's 98% (8l U8 95h ¢o 95 G 101% 101% 101% | 105 105 'y 106% 1064 100% 100% | 1005 10U | 103 103 | 103 1 106% 100% 101 103 102 6% 96 102 100 95 10115 101 1001 1001y 1917 1034 108103 8214 9914 52 10% 106% 994 99% 103% 1031 99 994 9T4H 9T 104% 1048 103% 103% 1057% 10854 987 98| 6 6% 8 89 | 106% 106% 5 94% 9an um: MISCELLANEOUS. Am AgriChem 7%: 3 10d% 104' 104% Am Cotton Oil 6 1 1004 100% 100'% AmSmit & R 1si 51024 102 1024 Am Sugar ref 6s.. 17 105% 105% 105% L 99 994 994 | AmT&Teltrbs.. 2 104% 104% 104% | ™ T &Tat6s.... 10 105% 1054 105k | 1085% 108% ! 3 100% 100% 1004 § 9416 94% 94| 25 105% 105 105% 7109 109 109 891 Upa Kingm bles Am Waters\Wks 5s. Anaconda 1st 6s. Anaconda cv db 7s. Andes Cop Tsrets. 6 107% 107% 107% | Armour&Co 4%8 39 36 90« 90% 90% | Armour Del 5%s.. 18 73 BT 8T ! Barnsdall 65 1940.. 72 100 100 100 | Bell Tel Pa 58 B 6 106 105% 105 Bell Tel Pa 58 C... 27 108 1078 107% | Beth Steel pm 6s.. 5 101 100% 101 Beth Steef rf 6s... 1 10U% 101 101% Beth Steel 642 63. 19 102 101% 101% | 10 104% 104 1040 | 1 105% 105% 105% | Bkiyn id gen 53 3 103% 103% 103% | Bush T Bldg 5s 60. BONDS | Del & Hud 5% . § e [intitysCassiz.. ! Kansus | Lounis&Nash uni 4s | Man ity 1st90. .. i MSUPESS | wabash 68 76 B THE EVENING STAR, WASHINGTON, DWE STOCK ' EXCHANGE | Direct to The Star Office Sales High Low Close 15 724 724 T2 5 1025 102% 102% 8 108'% 1081 10 20 Jcnia antonss. ... CB&Q1%sTTB. ChiB& QIstrf5s CB&Q-1I3%s... Chi & & 1l gn 68 61 Cht (Gt West 4s 5 1C M&StP 4s 25 cfs. {CM&StPdbis. ! StP deb 4s cfs St Pev 4%s. &Sl'evatesirels SPrf4tgsce. Pcv bsefs.. cCM&StP . Chi NW 41s 203 Cht & NW 6%s. Cht Ry4 5s.. ChiRI1&Prl . CRPac4laswi. ChMTH&S 568 . Chi & \WV Indcn 4s. C & St Lrffs A Clev Term 5s. Clev Term 51gs. Colo & Sou 4%S Cuba R R 74s . Cuba Nor 5lpscts. . Del & Hua Istrt 48 101 104 104 104 7. 2310 964 961y 1017 1017 s .8 106 103 109% 109% 991 99k 1081 108% 964 97 97 97% 1045 104% 924 83 Den & Itio G en 48. 10 zen 48 . e conv 48 A 1econv 4s B ie eVt 5s 67 wi. s 14 . Gr Trunk stdb 6 Great North 4128w Great North 5. . Great North 5% Nor wen I8 Green BB & W Hav 31 Ry Hud & A HHCent ref 4s. ¢ 1085 1087 w 100% U8 LY 103 i8 84 | 97k 41 91 T84 | 997 91ty 98k 084 70'% 994 1025 | 9l 98 994 10 1013 103 i3 11-C-C Stl. it Rapud Tran Int Rap 11 b stnd It & G Nor ad fs.. 2 Int Ry C 99« 91ta 984 1084 1 70 Y9 102 91 93 EEE 107 104% 104% 9% 794 1015 101% 934 98% 56 614 9 9815 * 981 105 10 Lo 110% 848U 107 107 [} 2% 1054 10504 63 63% A K8 Y6y 96Y% 9T 18 109% 100% I15% 116§ YO Y 1131 1045 1947k 124 112% 105% 106 102% 102% ¥sly B8' 95% 95% 920 92l 104 104 101% 101% 984 987 101 101 93 94 97% 9615 81 83 Xl'h’ 965% 93m 97 9T 103% 103% 97y Y2l 1124 112% 1264 126% 10341034 U 99Y 9% 99l 100% 100% | 104% 1044 | Lenigh Valen 4s.. Louis & Nash 5s B. Market SUTs 40 . L 58 61 )en 4y MK&T X MK&TprinssA. Mo Pacific zen 4 Mo Pac 58 F 17, Mob & Ohio 47 Nassau 1514851, N Y Cen gen 3l N Y Cent 4s 9% ¥ Cent deb & N Y Crf im 4%s. N Y Centriss Y Cent LS cl 3% ' Chi&StL 5l 9A NHE&H cv db 63 N Hav&H clt fs 2 612s 62 N Y W & Box dlgs. Nor & S gen 58 54. nheru Pac 48 orthern Pac 5s D. orthern I’ac t 1 6 Ore Short L rfs 4s. Pennsyl gen 55 Penusyl bs 6. PPennsyl #ls Pennayi gold 78... Reading wen 4% 210 G West cl 48 L IM&S R&G 48 Y ¥ 19 110% Bl 16 105 10 1124 3 106 4 102 12 38 5 L5% 80 92w 5 101 5 101% Y 99 1101 5 93 SUL S W con 4832, StP & KCShL 4%s Seaboard A L 48 Seaboard AL 4s st Seab A Lad) bs. Seab A L.con fs. SB Al Fla 6335 A. Sou Pacitic rer 4s.. Sou Pac 4 %54 7. Sou Ity gen 4s. Sou Ry Con 5= 94.. Southern Ry 6% Tex & Pac 58 77 rts Third Ave 1st 58 37 Uniton Pac 18t 4s.. Un Pac 4%s 67 Wabash 15t 58 . West Marylaud West Md 5%s 77 Western Pacific bs West Shore 4s 2361 Wheel & L Ben 48 2 1025 10245 102% | 6 100% 99%, 100 9214 920 105 105 105 T 95% Y5U 95U 2 B4% BAu 844 | 3 104 104% 1041 | 3 931y 9t 93| Cuba Canecv8s... 12 965 96 96 | Central Leather 6s. Chtle Copper 5s. . Con Coal Md 1st b8 Consumers Pow 58 Cuba Canecv 7s. , « Selling at 45 today it was at a new top for the vear. Other utilities in | favor included American Gas & Elec- tric and Massachusetts Gas. i ——— | SILVER QUOTATIONS. | NEW YORK. | ovember 12 (A).— | Bar silver, 5T%; Mexican dollars, | 44%. SURPLUS DECLINES. | NEW YORK, November 12 (A).— | Profit and loss surplus of the New York, Ontario & Western Railway on September 30, declined to $7,736.585 from $8,344,247 a vear ago. Total * assets were $100.527,283 against $101.- | 404,643, Current nssets were $2.947,- | \ . 546 and current liabilities, $1,149,007. TEXAS WOOLS MOVING. BOSTON. November 12 (Special). | —Texas wools continue to move in fair weights to mills and dealers have | bids for all grades of domestic comb- | ing wools. Fine territory combing. | clean basis, was quoted today at 1.12 1.15; French combing at 1.05a1.0: half’ blood, 1.02a1.05; three-eighths | blood, 93297, and quarter blood, 83a | 87. Ohio zrade fleece, grease basis. | was quoted at 47a48. | PLANS YOKOHAMA PLANT. NEW YORK, November 12 (P).— | The Ford Motor | contract to H. K., Cleveland to build an assembly plant in Yokohama, Japan, costing $1,000,- 000.. The new plant is expected to | be ready for use by August, 1928. It | will have ty of 200 cars a day. | NEW STEAMER SERVICE. | SA*T FRANCISCO, November 12| (Special). Jus steamer American por ~h will earry agnounts of coffee and The comy expects to st m; <ets for those prod- L e of Cali- fornian canncd goods in South Amer- jea. . R T PR RUBBER DECLINES. NEW_YORK cember 12 (Spe- cial).—Crude v smoked ribbed Sheets, declined #% of a cent at today quotation of 3G%. This compares ith 34 a month ago and 41% a year go. EXTRA DIVIDEND VOTED. NEW YORK, November 12 (#).— Pennsylvania Gas & Electric declared an extra dividend of 3% cents and the Fegular quarterly of 37% cents on the class “A” stock, payable Decem- ber 1, to holders of record November 21, Similar extras were paid in previ- ©ous quarters. | Int Mer Marine 6s. 12 104% 104%; 104'% | Int Paper v 65 | vertientes Sug 7s. | warner Sug 18 3 Denver Gas'hs..... 4101 101, 101 | Det kdison 5340... 11 104 103% 103% Dodge 6 31" 85 4% 85 Fisk Rubber 5119 119 11Y Goudyear 5srets.. 3 94% 91 94% Humble Ol 55. 3100 997 100 L1linots Bell 1st 2 105% 105% 105% Illinols Steel 43ps. -2 101 101 101 Indiana Steel 53, B 104% 104% 104% 3 109% 109% 109% | 4 1095 109% 109 inter Paper fd 6s 104% 10432 | Int Tel&Teleg 4%s 96 961 | J Kayser & Co 5%8 87 105% 105% 105% | KanG & B16s52.. 1106 106 106 Lacl G ref 34, 2102 102 192 | Laclede G 5%s52. 10 105% 105% 105% ! Lorillard (P) 6s... 10 9 93w 99 Louisv G & 55 52 Mor's & Co 1st 4 158 N Y Edison 6%s... Int Paper cv 68 5 B 8% 86 1 116% 116% 116 6101 101 100 1 110% 110% 110% 12 1010 101% 101% ¥ Tel 63 49 orth Am [dis 5s. or Ohio T & L 6s. Nor States 'ow 58, Pac T & T 5552 Pan-Amer Pete 63, Peoples Gas 5s P’hila Co5%s38. Pierce-Arruw 8s. .. Public Service fs. . P Serv Gas 5%s 59 Iemington Arms 68 110 2103 1103 1 104" 9474 103 103 103 103 104% 104 94% 91 | Sinclair 01 68 Sinclair Ol 6% s Sinclair Ol 8. Sin Crude U1l 6s... Sin Pipe Line 5s... 20 94 Skelly Oil 5% 7 95 e4u 94y Southwest Bell bs. 2 105% 1050 1054 Standard Oil N J 58 5 103% 103% 103% Sug EastOrlent7s 1 100 100 100 Tenn Elec Pow 68, 3 107% 107w 107% | United Drug 6s. 1 107% 1075 107% | US Rub Istrfbs.. 11 927 921, US Rub %8s 7 1033 103% 103% | U S Steel sf 51 7 1087 108% 1084 Utah Pow & Lt 58. 3 101% 101% 101'% 2 99% 99% 99% | 93% 94 | e 10 1 | Westinghouse 5s. . IRcae Willys-Ov 6%s 33. Wilson & Co 1st 68 Winchester A 7%s. 1 106 106 106 Youngstn S&T 6s.. 3 105 105 105 | RAILROAD | Atchison adj 4s. 1 Atchison gen 4. AtlanticC L el Atlantic CL 1st4s. Atlan C L 438 64.. Atl & Dan 1st 48 48 At & Dan 2d 48 48. B&OGoldds...,. B&Ocvily B&Oretss.... & O 5s 2000 D... & & 4 102'% 2 1017 101% 1017% 92 98 Y8 96 93 L8454 944 1028 1y 2 98 06 98H 10234 oves i N P =PI Olstésct.... 06s. &0 PLEWY 4s. B&OSW 6550, Brdwy & Tth Av bs Bkivn Manhat 6 Buff R & Pitt 4%s Can Nat 4%%s54. .. Can Nor 4%s 1935, Canad North 6%s. Canad North 7s. . Canad l'ac deb 4s. Can Pac 41458 46.., B B B 1025 B 97 |CentofGasls... | Central Pacific 4s. Cent Pac 15t 58 90, Chesa Corp 53 w Ches & Ocvils EEarSafemom 100% e 4| Dentsche Wilks-B & E st 5 7% 76 90% | Y | he added, i stomach,” EGETABLE GLUT KEEPS PRICES LOW | Fish Scarcity Partly Offset by Plentiful Supoly of Oysters. winds and rough seas thi ffected the fishing indust along the Iast coast to the extent of 5 | upsetting all calculations of dealers at cipal Ifish Market. ‘There was a sty of fish throughout the week, .peciaily about the time for the Fri- day and week end trade, and dealers found it dificult to supply the trade at other than greatiy advanced prices. Fortunately for dealers and con- sumers, inland waters were not so seriously affected, and oystermen were able to send immense quantities of pivalves to dealers to help them out. is deemed highly probable, how- that oyster prices soon w 11 ad- vance. It was reported by dealers that the oyster supply for the week end trade about equal to the demand at $2.: for standards, nd §1.50 a_bushel for received during splendid quality, ac- ind gave full sat- was k were « to athler z Demand Greater. ers have an idea that prices will In the near future because of oh of the Thanksgiving hol . when, it is stated, the sually is three times greater than ecarlier in the m. Between siving and Christmas oysters promise to be less plentiful and higher, it is stated, for the reason that with \ greater demand comes a decrease in shipments. )ystermen are like other: labor,” commented a dealer, must have a breathing spell during their working season, and the Thanks- wiving and Christmas holiday season appeal to them as the best time te have enjovment “And when the holiday 1is over,” the men return to dredging and Increased shipments hould resu or tonging, and cheaper oyster: An idea of the ty and higher price of fish this week W mentioned by a dealer calling attention to fresh- saught haddock prices. A week ago the fish went begging at 2 and 2% sents a pound, while the past few days vetailers gladly took them at 10 cents. Shipment of trout from netters in the vicinity of Exmore, Northumber- land_Couniy nd in the vicinity of Chincoteague Island, were more than welcome by local dealers. Last week the trout, especially the small ones, were so plentiful that they could be bought for a song, but the Friday and week end dealers were taxed 123 cents for the small and 22 cents for the larger " fish. The small trout brought $25 by the barrel. Boston Mackerel Scarce. Boston mackerel, cheaper this sea- son than usual, were scarcely to be had in the local market the past few days. Tley brought 27 cents a pound in Boston two days ago, a price that did not promise much remuneration if . shipped here. Filet of haddock. product of waters in the vicinity of Boston, found ready salg at 22 cents. Fresh cod sold at 20 and flounders at 18 cents.. Rockfish, quoted as low as 20 cents a week ago, brought from 25 to 35 cents this week end. What few the dealers had to offer came from the Rappahannock River and North Car- alina water; from North Carolina in fairly plentiful supplies and readily sold at 18 cents a pound, red snappers from Florida bringing 25 cents, while black sea’ bass sold at 15 cents. North Carolina green shrimp brought 25 cents, the cooked shrimp selling for 50 cents a pound. Clams were scarce at a 100. There were plenty frozen fish to be had, dealers reported, but there was no demand for them. Crabmeat was plentiful, but with no demand, the best of the | meat selling as low as 50 cents, while 25 cents was the price of the ordinary n of the meat. “Like the boy with a pain in his observed a dealer on the condition of the vegetabie market. FOREIGN EXCHANGE. | tQuotations furnished by W. B, Hibbs & Co.) Nominal Selling checks + gold valite, toduy. | London, 48005 $4.87 5 i Monted { 5. 1) pound. 1 dollar ra 2 | Madrid 1700 | f crown . own." erown Warsaw. 710ty Conenbagen. * o 3 | Oslo, crow, g Stockholm, o NEW YORK, November 12 (A),— Foreizn exchanges firm. Quotations | (in at _Britain, demand, | s, 48715; 60-day bills on | 483" 116, rance, demand, | s cables, 3.927%. Italy, demand, ables, 5.43%. | hand-—Belgium, 13.93% Ger- 23.84; Holland, 40.32%; Nor Sweden, 26.90 Switzerland, 19.28%; Spain, Poland, 11.25; Greece, 1.3 hosiova 96%; Jugoslavia Rumania, 6: i Japan, Montreal, erown bank: 3.925 hanghai, 16. SHORT-TERM SECURITIES. (Reported by'J & V7. Sel Ca C ¢ Chi., D & Hud v. C Eitsonel 1 Boe 317 o Co. 7 1030 Herskay Choe, Co. B Humble Ol 315¢" 1 = CoBYau 1 New York Tef. s 194 | Orezon ‘Snort Line 45 1 P. C. ¢ sed § | St Ol of N {0 g Swift' & Co ot Puc 'R, R 10 918 1005 GERMAN BONDS AND STOCKS. | al Leased Wire to The Sta W YORK, November 1° Bid, 53.00 Asked. 58.00 27.00 Red Loan with et att per 100 R M drav ctfs b ot il amburg 4 o8 19 (Quoted in dol Se! 4128 1 n Elec 48 w i L Berlin 4s"py 00 100 | 300 3.00 38.00 1100 | 1921 ) DL Frankfort a- Munich 4s pre-war (Quoted in_doilars ver share.) i Vooina <8300 Slec) pid B 0.00 Bank.. 21.00 110:00 50200 G. i Disconto ¢ Ferliner H Banlk " ter Bank 500 4R.00 000 50’00 11.00 a0 Darmsta Hewden” Chem . | cheap, | marked. [er come in e | ves Denmark, | | nies throughout the | Sugar pumpkins, | ot the Californi | were quoted at from § “Worse and worse,” was his expla- nation. Everything in the vegetable line is the dealer stated, with ap- parently no chance for advancement. Prices the past few @#ys, he said, have been lower than prices a week ago. Cabbage 75 Cents a Barrel. “Just think of getting a whole harrel of ‘cabbage for 75 cents, cither the hard heads or the Savoy,” he re- Where does the poor farm- Bushel baskets sold at 35 and 40 cents Spinach was quoted at 50 and 75 cents this morning, a drop of 50 cents or more a barrel. Purple-top turnips, sold last week at 75 cents and $1 a bhushel, were to he had the past few days for 50 and 75 cents. Beets and carrots continue to be sold at cheap Summer prices, 3 and 4 cents a bunch, the cheapest they have been at this season in a number of rs. according to dealers. I’.(\l'slc_v also fs plentiful and cheap. selling at $3 and $4 a hundred bunches, or 50 cents a dozen. ' lalloween demands for pumpkins, although great, failed to materially affect the market, dealers continuing ne large supplies of them to mar- . The crop this season is particu- Jarly large, farmers say, and there is no danger of a shortage in supplies for Winter season. 12 to 15 to the bushel, were offered this morning at cents, while the ger variety sold at from 25 to 40 cents each. Tomato Season Closing. Season for tomatoes is fast drawing to a close. There are some good ripe tomatoes to be had, most of them ripened indoors or under glass, and the best of them today were quoted at $1.50 for a 2-veck hasket, <tock selling @ 5 cents. Green to- matoes brought 35 and 50 cents. Potatoes continue at about prices quoted a week ago. The white ones were quoted today at $1 a bushel while the red stock sold at $1. Sweet potatoes continue cheap, gelling at 75 cents and $1 a bushel. Moderate supplies of string beans from California and the Norfolk, Va.. 4 | section this week met a light demand the market continuine steady. Fiv peck hampers from the Norfolk sec- tioh sold at from $1.50 for some in ordinary condition to S: ey etock, while bushel hamvers stock sold at from $1 1o $1.75 Moderate supplies of squash and light sunplies of cucumbers, products of Florida growers, were reported the nast few and receipts of onions from New York, Ohio and Michigan nfet light demands that made the mar- ket dull. Onions, 100-pound sacks, to $1.85. Liberal supplies of celery and mod- erate supnlies of lettuce were reported yast £ dacs. Apples Are High. Apples from nearby Maryland and Virginia, sold last season as low as 50 cents a bushel, were quoted at $1.50 and $2 today. Agricultural Depart ment reports of the condition of the apple market jn the West. box stock, the past few days, were as follows: Boxes—Washington, medium - to large size extra fancy Delicious, most- 1y 4.00, few higher; extra fancy Stay- mans, 3.00a3.15; Jonathans, 3.00a3.25. Bushel baskets—Pennsylvania, un- 70 14200 &7 ur Bank Nor_Ger Lioyd Au S 16.00 triaw A £ G EX (Gen Elec) 00 classified Yorks and Staymans and Black Twigs, 2% inches up, windfalls, Jumping mullets came | 50 for the | FINANCIAL.' . NEW YORK CURB MARKET Received by Private Wire Following s the list of bonds and stocks traded In on the New York Curb Market today: Salea INDUSTRIALS, in hundreds. « 1AIb P Bar A pfd 10 Allison Dr B wi 21 Am Am T Am Close. 20% Low. M o ot o Banotion Gasn & EI it & win; 5 Corn deb rte wi, o Shoes " ric " 1CItS P e 2CItS P&l 11 Club Alim ‘Ute core & Co 1 Dochler Di Dominton_ § Diirint Mot. ) o & Sh b R & Shon 12 Rl Tnvest 1 E P& ontl war 5 Em Pow Cor n i Fazaieni Prod FrHH M 3 Freshma 1 Gamewell Co.. tGarod Corn., Rek A nak 1 en Tee Cream. . Gen Pub Ser Gobel A, 0L 1 Seal Biee! | Pmp 2-3 emzem 2 FEE I 1Imn Tob s 75 Tnd Ray Cor AL 1 Tnsur (o N AL 2 Ul B Manv .. es Millb i Drug 1 McC Cor n rts wi Shoe. .. .. 1 1 Midvale Co ... Mohawk H Pow. Nat Food_Prod . 1 Nat Pub Ser A.. % Newberry J J 1 Newport’ Co B Nichols & Shep rth O Pow ta P C A h Pow n... ngton Bros.’, Pac Stl Boiler.. Penn Ohio Bd N 1Penn O E Os pfd E p otd 105 war 13% 1 Salt. . 80 Philip Morris. . *1 Pittsh & Lake 'E 18 SPur S P &L... Q Reo Mot P Rep Mot B N 0 P 1 1 i 3 1 5 1 1, Penn O iPen O E Roval S z Pap ... 4 P & L p1d 1025 Sanit Mz 101 romb_Carls Tel 35 Stutz Mot ... 18 Tamoa El nl@.. Timken Axle ... @ Trico Prod. 2 Trans “LuxPict S B AUni EI Coal S0n G Imp SULCE PnAll 2 US Freight n.. Freieht rta. . 1% US _Gypsum fU s Tun .l LUul P & L vie'B & Waruer Bros Pic 1 1wateon J W, ... 23% 1Watt & Bond B JWest DP A.... Swost D P vic B 15 Wes.0 & Sn vie SERBHERRY @ o ool 1ommmi S Somnte S8R EREERREY Dol smameS S 2-235% 22 © e 5 205% 71o 18y SSASEEEE! FES eSS oot 1.50; 2%-21 inches, windfalls, 1.25; un- classified Grimes, 2% inches up, good quality but russeted, 2.25. Supplies of Western stock grapes have been only moderate the past few days, with a moderate demand that kegr the market steady. 1.75; falr quality and condition, 1.25. Supplies of Eastern stock limited; de- mand moderate, market ddll; few sales, New York, 2-quart Climax bas- kets Catawbas, 15 12-quart Climax basket Concords, 75280, Poultry dealers are giving much thought to the prospects for the Thanksgiving turkev market. Tt is yet too early to forecast probable prices, according to the statements of dealers this morning. Some dealers be- lieve there will be a 55 or 60 cent re- tail market, while others think the price may hold below the G5-cent mark. Only a few turkeys are reaching the market, and most of them are finding ready sale at prevailing prices, the live ones this morning selling at 40 and 42 cents._It is expected that much heavier receipts will be in evidence early next week, when, it is stated, dealers may be in a position to fore- cast holiday prices. Weather Conditions Factor. Prices will depend wholly upon the question of supplies and weather con- ditions, according to dealers, making it impossible at this time for them to give any definite idea as what the market will be during Thanksgiving week. e Heavy recipts of chickens last week resulted in decreased prices. This week, however, receipts have not been s0 heavy and market prices stiffened, but not to any great extent. Receipts of rabbits have been fairly large. Many of the rabbits are not of best quality, however, and a wide range of prices is reported. . There has been no change of any consequence in the egg market this week, dealers reported, but a tendency to an easier market was hinted. A firmer condition of the butter market was reported the past few days, denlers in the larger butter centers advancing prices a fraction of a cent. No advances were reported here. Retallers were out early this morn- ing to get first pick of foodstuffs in time for their breakfast trade. Today's Wholesale Prices. Butter—Fresh, 1-pound prints, 54; tub, 51a52; store packed, 30a3l. Eggs—Fresh selected, 47a48; hen- nery, 55a60; current receipts, 45. Poultry alive—Turkeys, ~ 40a42; fowls, small and medium, 22a23; large, ~4a25; Spring chickens, 25a226; roosters, 16a17; ducks, 18a20; keats, young, 70a 75; old, 35. Dressed—Turkeys, 453 50; Spring chickens, 30a32; roosters, 18a20; ducks, 18a20; capons, fancy, heavy, 40a45; ducks, 25; keats, 80a90. Meats, fresh killed—Beef, 18a20; veal, 25a27; lamb, 25a27; fresh ham, 21a22; loins, 24a25; shoulders, 18a19; smoked hams, 24a25; smoked shoul- ders, 18; strip bacon, 25; lard, 14%a15" calves, 16; lambs, 13. Today’s market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Iconomics) says: . i lifornia, lugs Flame Tokay, 1.50a Direct to The Star Ofice 0 & S 111017 10115 oo e 10878 108% NYn I8% MINING STC N 0 Zine iiss g Noran: 16 Qg Cop S0 Am_Gol § Tech 1Uni b 3 We ¢ B X ENT OIL STOCKS, m Con Oilflds.. .99 s L 31 1y Crie Prod i Ouage 0.0 6 Venezuelan Mex.. Sales STANDARD OIL 1881 " B0 % 11600 O 500 Son 100 Soith 4500 870 T TO0 S 0 Koirixie 1008 0 Gentnoky 200 Vim0 BINDS, Bhott Daitiea G5 100 % Ala" Pow .. 9 Allied P Ku Tum Co Amer 5 Am' Cyanamid Ga 4% 6 Am &F) s 101 54 10Am N G 6las.. 007 I8 Am i 30 Avpal E) LAk P & L 5 19.A% 8im Har 6% Beaverh'd ke PLoa P ‘ol GEE Ry P&L1Y ns Tex He. Eairbka ) 10 Firestone T&R 58 1 Fisk_Tire 5% 20 Fla P&L Be. 5 Gal Six Pet a1, 98 SO0D » TP PR ERN P SUPSTR (UPSotott - Rttt o 1 Ger L 68 wi. or Ind 'PS 5 kla N Gas 61 hio Pw 41 o 1047 Phillips Pet 5. 043 5 Potera Sug 78 wi 00 Edbe B 087 =3 0 RO~ 5 Solyay Am 5 8 376 A A o R L0 3 Son AROTY Pk A & Tex P & L Ba Transeont 011 T G i ni Ind 635" B A S s Rub Gls Sales in ! thousands. Bank Prus i {3 Mt Per'd T e 13 Brazil 635" | 1 Brisbane B8 5 Buenos A 7s 2 Buenos A s 5 14 Buenos A 78, 1005 3Cen B G S 6 B 918 13 Denmark 545, . 101 14 LA Flrst Bo Wks 78 91 ..9"_!‘"! St_Prus 6s 961 4 Free St Prus 619s 064 15 Ger Cons Mun 78 9844 & Hamburg E'7s. . 1001 3 Hamburg St 6s . 03 2Ind M B Fin 78101 Btaar Hy 1 0214 SJugo § M B 8510 # Lombard EI 78 & 6114 1M M &S 78 41108 12 Mor Bk Bog 7s. 03 ?i""“l“:"nk ey i fl%l Peru 7 Foip o114 001 H071 93" 93 BOSTON STOCK MARKET. By Svecial Leased W tar. BOSTON, November 12.—Following 18 a list of ‘today’s highest, lowest and closing prices for the most activo stocks dealt in here: S5 Amosk 5 Amoske 245 Arl‘fldll:‘ 270 Arizona Cor 74 Blxelow Haritor , Boston & Maine. (3G Rerld 5 Co) aAnKe 58 Eap Butte . 70 East Stenme 130 Edinon Eiee 28 Gilchrist 85 Hood Rubb 70 Imand Creek 80 Mass Gas . 10 Monawic ", 125 New Eng T & T.. 137 (F; Pacific Mills 140 8N 4 Torrington 640 Tower Mfg . United S 193 United 140 Venez Ho 50 Waldorf AUTO STEEL ORDERS GROW. NEW YORK, November 12 (#).— Automobile manufacturers are in- creasing orders in the Pittsburgh dis- trict for steel strips. Price conces- sions of $2 a ton have been made on some cold rolled strip tonnages, prices ranging from 2.90 cents to 3 cents on large orde: Strip mills are operat- ing between §0 and 65 per cent of capacity, FIRST NATIONAL PICTURES. NEW YORK, November 12 (P).— Net profit of First Nailonal Pictures, Inc., for the first nine months of the year increased to $844,233 from $707,- 847 in the same period last year. S T T R Y NATIONAL TEA PROFIT. NEW YORK, November 12 (#),— National Tea Co. earned $7.37 a share on the common in the first nine months this year against $6.42 in the Borflmlldlnx 1926 period. High a0 Low. . Close. 81 BR L & e 2 1 @ Sa! 3 3| marketed in 19; . ; faces a hard Winter, during which its & [pu 4| Railr 1001 1004 | BY TRADE EVENTS | Contrasts Seen in Prospects of Prosperity for Some, , Lean Times for Others. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 12.—The complexion of business and of the| security markets has been clearer this | week. Events in the one have assisted in strengthening the other. Trade developments that have tended to restore some of the lost confidence | were the unexpectedly large increase in the unfilled tonnage of the United States Steel Corporation on November I and the extra dividend of $2.50 de-| clared by the General Motors Corpora- | tion of its common shares. Prices for iron and steel products have stiffened | a little. The report of the Government indicated an increase of 150,000.000 bushels during October in this year's crop of corn and a moderate gain in| the promised yicld of cotton brings it | {up to about 13,000,000 bales. These facts have proyided encourage ment in quarters where there has been | a spirit of pessimism over the outlook for trade and for industrial profits during the coming six months. This has, in turn, been translated into hv:h-‘ er prices for stocks. The movement | in them had gone to the point where | something more than short covering | was required in order to keep it quiet. | There had been the normal rebou that follows a long ction and the market on gain was wavering when the United | States Steel tonnage figures were re- | ported. Contrary Conditions. The situation is one distinguished by an unusual number of contrary con- | ditions. This is evident from the oppo- | site tendencies that have been d played for months in different groups of stocks. There have been many new prices quoted at the same time that high record levels were being estab- | lished in other parts of the list. This | week has not been without its evi-| dence of distress in the affairs of a| number of concerns whose dividends have been reduced or passed while the | earnings of competitors have been suf- | ficient to justify increased disburse- | ments to shareholders. This holds true in practically every tine of comercial activity, though it is not present in such a marked degree | in the field of transportation or that | of the distribution of electric power. | It is the effect of a steady integration of industry into larger units as well as | the spread of the same tendency throughout the merchandising world. The steady increase in the number of commercial failures does not mean that business is poor and the public a tardy buyer. What it reveals is the pressure of highly equipped and ef- ficient modern plant on the under- equipped one and the selling ad- vantage that the national distributor has over one confined to a local ter- | ritory. This is one of the economic changes of the age that has many col- | lateral effects. Large Crops Help West. Owing to the large crops that have developed from the remarkable weath- er in the last three months, it may be found that the territory of great- est promise for a while will be the section between the Mississippi River | and the Rocky Mountains ,as far | South as the Gulf. The Southern| States that have raised a fair crop| of cotton are able to sell it at a sub-| stantial profit, even after the break | of 5 cents per pound. | The position of the Northwest since the Spring wheatr and small grain| conspicuously better. The credit of | all concerns in that region has auto- | matically improved. When it was| evident there would be a good harvest | of wheat in the Northwest, it was | equally ceriain that the yield of corn would be low and probably the small- est in 25 years. But monthsby month, with ideal conditions 6f temperature and moisture, the crop developed and | actually turns out to be 100,000,000 | bushels greater than a year ago, and nearly 500,000,000 bushels in excess of- July predictions. Corn has de- clined about 35 cents a bushel during the, progress of the crop, but it is still well above the price at which it was . With high returns on /live stock the Middle Western | farmers ought to be able to show a oy balance sheet for | New England Faces Tasks. The coal trade is in the doldrum Various commodities’ have declined this week after holding up during the earlier part of the season. The New England flgod has duplicated in minia- ture the losses of life and property that occurred this Spring in the Mis- sissippi Valley. The damage to rail- roads, power plants and textile com- panies has been considerable, and the work of yepair and reconstruction will be costly. Northern New gland ing power will be low. d traffic returns are unsati | tory and will be the remzinder of this year. The results for nine months to eptember 30 are a loss of $119,000,000. or 21 per cent in gross, and of $§: 000,000, or 9 per cent, in net operating income. These figures are likely to be worse rather than better when the additions of the last quarter are made. There are, however, a_number of roads that could well afford to arger dividends than they ar and still maintain a c It is doubtful if thdy will do so in view of the trend of carnings and the jealous eve which all rate-making hodies give to any suggestion of ab- normal profits. Railroads’ Burden Heavy. Their position would be stronger in respect to increased disbursements if the tax adjustments now proposed were put into effect. In connection with the suggestion that the corpora- tion tax be reduced by the next Con- gress, figures have been presented showing that the railroads in 19 paid to State and local governments $280,000,000, an increase of nearly 200 per cent in cars. At the rate of taxation in the.firsts eight wonths of 1927, the tax bill this year will be be- tween $325.000,000 and $350,000,000, not much below the amount di uted in dividends. - There is certainly cause for complaint on the part of the carriers over the burden of expense which they have to bear in order to promote the fortunes of some of their severest competitors in the transper- tation field. Attention hus been drawn to condi- tions abroad this week by the succes ful method which France has adopted in the refunding of her § per cent bonds and by the letter which Agent General S. Parker Gilbert wrote to the German government criticizing the ex- penditures of . the state and of the various communities as tending to handicap the country in making its proper reparations payments. French securities have advanced,, German bonds have slumped. In the near fu- ture we may expect to see the stabili- zation of the franc and efforts to bring about a fixed rate for Italian exchange, and possibly. higher dis- count rates in Berlin and London, A FAILURES DECREASE. NEW YORK, November 12 (#).— Commerelal failures in the United States this week declined to 430 from osl:hs::qc' week before, and compared wi 23 & year 0y o year ago, R, G. Dun & Co. TOCKS BOLSTERED . crops have been harvested has been |, Money to Lcan Seeured by fieet deed of trust uh fess estate Mortgage Money Loaned at Low Interest Rates Fronumie Conditions Tyler & Rutherford Loan Corresn i Beneth 1520 K S‘il:ee( y Main -.76 TS 51,9, FRED T. NESBIT 1010 Vermont Ave. Main 0302 MONEY for ECOND MORTGAGE LOANS Aomes and Bosiness Properties PHILIP MILSTONE 1101 Vermont Ave. Decatur 1681 In Nearby Virginia 1 Prudential / 2 Insurance Co. 0 Loans Commonwealth Investment Co. 917 15th St. NNW_ Phone Main 2623 WE FINANCE —all classes of income-producing nroperty Large Loans a Specialty Current interest rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. g T Promot Actio First Mortgage Loans Lowes Ratees of ntersst and Commission Thomas J. Fisher & Company, Ine. When You Need a Loan Consult WELCH Reattor LOAN SPECIALIST Money to Loan At 51,% & 6% Interest Before Placing or Renewing Your 1st ol Trust GET WELCH'S FIGURES Reasonable Charges (No Extras) & N. Y. Ave. Main 4316-4317 Investment for CONSERVATIVE INVESTORS Secured by high-class Washington real estate. Exempt normal income and all District taxes. Call and be convinced. Bankérs Bond and Investment Company Southern Building Ready to Refinance That Mortgage —for you. Come in and let us talk it over now. fWe make loans on Real Estate in District of Columbia and vicinity. Ample funds available. Lowest Interest and Com- mission. Prompt Service THE COMMERCIAL NATIONA!.. (;OMPANY ( 1 Paid-Up Cash Capital, $700,000.00 | | Commercial National Bank Bldg. 14th and G Sts. First Mortgage Loans ’ Applications Invited at 5%% On Improved Property Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. 6129 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. Breuninger, President . 6% First Mortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. We have specialized In the sale of uch securities for 40 years. Wm H: Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016