Evening Star Newspaper, November 14, 1927, Page 11

~ TIRKEYSMOVIG WELLINMARKET ,Dealers Unable to Forecast Thanksgiving Bird Prices. Weather Factor. Turkey killing for the Thanksgiv- ing holiday season has begun in earnest by local dealers. Several sur- prise shipments were received Satur- day, and offrer heavy shipments are expected tomorrow, Monday being an off day with wholesalers. Shippers seldom do much shipping on Sundays, according to local merch- ants. Turkeys received Saturday were in the pink of condition, dealers reported, many of them being very large and fat. Dealers were unable this morn- ing to give a definite forecast of | prices that will prevail next week. Live turkeys sold at 40 and 42 cents this morning, while dressed stock brought 45 and 50. Prices next week will depend entirely upon the question of supply and demand and ‘weather conditions. 4 Buying of foodstuffs this morning was not especially active, dealers re- ported, representing only normal con- dition for the first market day of the week. Prices were substantially the same as those quoted Saturda Today’s Wholesale Prices. Butter—Fresh, 1-pound tub, Sia Eggs—F selected, y, 53a urrent receipts, 45. alive — Turkeys, Spring chicken > ducks, 18220; keats, young, 70a 75; old, 85. Dressed—Turkeys, 45a §0: Spring chickens, 30a32; roosters, 18a20; ducks, 18a20; capons, fancy, heavy, 40a45; ducks keats, 80a90. Meats, fresh killed—Beef, 18a20; veal, 25a27; lamb, 25a27; fresh ham, 21a22; loins, 24a25; shoulders, 18ald smoked hams, 24a25; smoked shou ders, 18; strip bacon, 25; lard, 1413a15; calves, 16; lambs, 13. Fruit and Vegelable Review. Today’s market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, say Apples—Supplies moderate; demand light, market steady; boxes, Wash- ington, medium to large size, extra fancy Delicious, 4.00ad.25; Romes and Staymans, 3.00a3.25; bushel baskets, Pennsylvania, unclassified Yor and Staymans and Black Twig: inches up, windfalls, mostly around 1.50; 2%- 215 inch windfalls, mostly around unclassified Grimes, 215 inches v but russeted, 2.25; Vir- ginia, U. S. 1, 215 inches up, Stay- mans, 2.25, few higher. Cahbbage—Supplies moderate; de- mand moderate, market steady; New York, sacked, per hundredweight, Danish type, 1.00a1.15, few 1.25 Celery—Supplies moderate; demand moderate, market slightly stronger: New York, 2-3 crates, 2.25a2.50. Grapes—Supplies of Eastern stock light; no early sales reported; supplies of Western stéck moderate; demand light, market dull; California. lugs. Flame Tokays, 1.25a1.50. few higher: 20-pound lugs, 1.15; luj Muscats. 75a1.00. Lettuce—Supplies of Western stock light; demand moderate, market about steady; California, crates, Iceherg type. 4-5 dozen, 4.50a5.00. Onlons—Supplies light; MHght, market dull; few sales; York, 100-pound sacks. No. 1, medium to large Michigan, 100-pound sac V. 8. No. 1, large size, 1.75al. State of Market Steady. Potatoes—Supplies moderate; mand moderate, market about steady; Jdaho, 110-pound sacks, Rurals, U. S. No. 1, 2.50: Pennsylvania, 150-pound macks, round whites, U. §. No. 1, 3.25a 3.35; Michigan, 150-pound sacks, Rus- - met Rurals, U. S. No. 1. 3.40; Minne- sota, 150-pound sacks, round whites, T. 8. No. 1, 3.25. Sweet Potatoes—Supplies moderate; demand light, market firm; North Carolina, cloth-top barrels, yellows, 1.75; Virginia. East Shore, cloth-top barrels, yellows, 2.00: few higher. String Beans—Supplies moderate; demand light, market steady: South Carolina, bushel hampers, green. 2.00a 2.50; few fancy high as 3.00; Florida. 7,-bushel hampers, green, good qual- ity and condition, 2.50. Cucumbers—Supplies light; demand fight, market dull; Florida. square bushel crates, No. 1, 4.0025.00; mostly around 4.50. Eggplant—Supplies light; demand Night, market dull; Florida, pepper crates, ordinar: 50; few best, 3.00: bushel hampers, fancy, 2.50. Squash—Supplies light; ¢ demand Jight, market firm for good stock: Florida. pepper crates, fancy wrapped, holdovers. 50. light; demand New demand moderate, market slightly stronger: California, lugs, ri wrapped. 2 3 90; Ohio, 10-pound baskets, hothonse ;{:;k, medium size, 2.00; small, 1 Public Utilities NEW YORK, November 14 (Special). —Great Western Power in its report for the 12 months ended September 20 shows gross of $18.886,089, compared with $18.488,100 in the previous vear, and surplus after preferred dividends, taxes, charges, depreciation was $1,239,261, against $1,180,789. ‘The statement for the ended September 30 of Laclede Gas & FElectric and subsidiaries shows net in- come of £1.206 after all charges, hut before depreciation and Federal taxes, 12 months For the 12 months ended September 30, Utilities Power & Light Corpora- tion, including subsidiaries, reports net income ~after depreciation. interest, Federal taxes and all other .charges of £3,004915. ‘WOOL PRICES FIRM. BOSTON, November 14 (Special).— Prices were firm in the Boston wool market at the start of the week though trading was not eign cables ting hi values are helping to i tone here. Australian clips mated at 15 per cent under and the weight ine territory was quoted to- 1.12a1.15, clean basis: French combing at 1.07a1.08, half bl 1.02a1.05, three-eighths blood 7, and quarter blood : Ohio fieeces were quo grease basis: half blood and thre eighths biood at 47ai7y, and quarter blood at .4 HECLA MINING PROFIT. NEW YORK, November 14 (A).— Third quarter of net profit of Iecla Mining Co. declined to $231,021 from $416,933 in_the second quarter and from $496.838 in the third quarter last year. issue of $1.135,000 City Vancouver 413 per cent non debentures is heing marketed tod by Dillon. Read & Co. The debenture are dated August 1, 1927, $500,000 of them mafuring August 1. 1942, and are priced at 98.93, and $635,000 are priced at 9819 and due August 1, 1987, both maturities yielding 4.60 per cent. of ahle A new FINANCIAL THE EVENING STAR. WASHINGTO! _NEW YORK CURB MARKET , Received by Private Wire Direct to The Star Ofice Following is the list of bonds and stocks traded in on the New York Curb Market today: Sales in INDUSTRIALS H Hawariar Pow & 1 Rolling, M Sl & €1 Superpow A T ot c Davega T Derra & De For R Doehler Die € € Dubilier € & R.. Dirant Mot . Bond & Sh pf 110 B&Sh n Corp 763 & a1 \ Bak B Gen Tee Cream Glen “Alden Coal 1 BGobel A....... Flec. i 8015 10 Gold Seal 2 Grant Co 1 Grand 1 Habir E K Hannines 2 Hazeltine Corp i Hellman R.. SR 19D=aRo RRRRRR AR ERE IR P 23 Cho nfd wi 1 Hers n vfd wi.. 2 Hires Ch A..... 13 Holland Fuinace, &1 Tntern Tl B.. 70 Johns-Manv 1 Ineka Bros vie.! 5 Romsley Millh. | Val C Salee 5 Lib Owens Sh GI 116 4 Maenin & Co. .. 4 2 Mare Wire Lon. s 12 Mav Druz Stors, 1 Mav Hosiers pf 2 MeCall Corp n. .. 2 MeCall Cor e wi ad _Tohnson.. . 4 Velv_Shoe I Mel Shoe pf f Meten Ch 1Met 5 & 500 St B 2 Midl &t Prod. .. 3 Mid W THI ot 7 Mohowk Hud Pw 9 Nat Fl Pow A, .. 12 Nat Foad Prod.. 1 Nor Sta P € nfd 10914 2 Northe Pow_n. sa 1, Ohio Rrass B 5 Pac G & En 1 pfd 14 Pac 84 Boiler. . . 1 Paimolive Co. . 1 Ponder D Groc A 1 Pender D Groe B 1Penney A, ... 2 1Penn Gas & E A 2015 1 Penn Ohio See.. 12 3 Penn Salf. ..o . 1 1 Pheln Todza’ Cor 171 BRI, 2610 1 Pittsh & 2 Pratt & Lamb C 3. Proct ‘& Gamble 2P SP & L... 2 Pyrene Mfg 14 Ren Mot 4 Rich Rad. 7 Selfr Prov Stor TEF € N vte WU 1 Sieberling R € 3 Siliea Gl vie. 3 Singer M Singer Mfe Ttd, ESou Cal E 4 Sou 58 Son P& 1. 2 Sou 6Sou P B LEBalnZ 0 Ty Wall Street Briefs UNITED STATES STEEL.—The price at which employes of the United States Steel Corporation will be offered common stock next year under the profit-sharing plan is arousing interest in the financial district. This year employes paid a record price of §122 a share and the stock is selling about 15 points above the price at which it was last offered. The corporation takes 100,000 shares or more each year for distribution to its employes. Stock market “bulls” view the corporation’s gain in tonnage last month with satis- faction, regarding it as a turning point, and should a further increase be shown this month, higher prices for steel products are anticipated. OVERPRODUCTION MENACE.— Many industries are now alive to the menace of over-production and are trying ihrough co-operation to chieve gzreater stability and more normal con- ditions in industry. Lessons learned in this respect recall the demoraliza- tion of the oil industry through ov production and the experience of the cotton industry last year. From time to time the bituminous coal, rubber, | copper, tire, textile and automobile in- dustries have felt its effects, with the resultant prices for products that can- not guarantee a fair wage or a fair return on capital invested. AMERICAN of American Can stoc h touched a new high, is said to be based on expectation of lwer cost nexs year, because of prospects that tir plate quotations may be reduced 28 cents a box to 3 reflecting the low selling price of tin metal. Ameri- can Can Co. is the largest individual consumer of tin plate and usually gets quotations below the regular market. Accumulation which has additional 10,000 1 stock, procecds to finance the to sell privately an shares of its capit from which will be use construction of a mill to recover waste | ore known as “tailings.” which re- arch has shown are worth $1,500,000. COMPETITION.—J. G. president of the Union rust Co. veland, just back from study of Juropean conditions, sa smpetition fron Furopean industrie which are snowing signs of activity after the long period of depression caused by the war, will not affect the American manufacturer seriou Many lines of American g00ds ar strongly entrenched and so fairly priced we should be able to hold our markets abroad. ULSTER & DELAWARE RAIL- ROAD.—Holders of the Ulster & Dela- ware Railroad Co. first consolidated mortgage 5 per cent gold bonds, out- standing in the amount of $2,000,000, are asked in a notice from a commit- tee of which . J. Lisman is chair- man. to make prompt deposit of their bonds with the Central Union Co. of New York, as depositary, for the proper protection of their Interests, The committes stated: “It is antic- ipated that the railroad company will not te able to make payment of said bonds at maturity.” The bonds ma- ture June 1, 1928, F AR ORE! cddes, vic 1Stand Mot 1 Stinnes 1 Stroock & Co. 40 Stutz Mot 11, Swift & Co BToh Prod 1 Todd Ship . 3% Tubize A § T % Tni Biscuit A .. 1Tt EI Coal vte! m}n G Tmp C.. 26 ¥ni Tt & P n AL Freight rt Grpsum. . 1 West Pow nfd. ,. 2 Whi Sew Salos in hund cor Hill. Cop Mines Cornilia ewmont Mining. N:JZinc. ..ot Nipiseing Noranda Ohio_Cop Red” Warrior. . Tech -Hughes Tni Verde Rxt Sajes in hundreds. A Infercont’l Pet. @ Kirhy Pet Teonard Lion Oil ... TLone St G n Del. Magdal Synd. . Margay Oil ol ! Reiter-Foster ‘01l - Rich Oil Cal pfd. Salt Ck Prod. Orage. o Venezuclan Pet XZON .. STANDARD OIL IS in nnite. 700 Anglo Am Oil. .. 100 Arg A" O non vte 350 Buckeve P L 100 Chesehrgh M 4100 Contl OIl ) Imp O Can’ ¥ pInd P L. Inter Pet "L hio O . | 00 Penn Mex F 400 Prairie 0 & G 100 South 100 Sou W Penn P L 60008 0 Ind ... 7008 O Kansae 3008 0 Kentucky 4100 Vacuum Oil Sales BOND in thousands 5 Abhott Dairies. Am Seating Appal EI Pw Atk P & T Bs.. s Sim H 6% s Val Bag 65 Dixie G G 6313 1 Eitingon Schild 68 e N 3 MINING & EY X 11 TOCKS. 3 3 110% 100% 184 181l % a% 10% o e 2 iz ona et RO I WOV O i » asis B TR PREEER T 19 i 1 a8 At DR it en lce Cr Bi38. 140 1 Invest 54 A, 131% 10 Gen Laun 14 Geor & Fla 6 42 Georgia Pow 5 8. 1005 s 31 100 s 37 100% it St Ut bs A. 3Ind O & Gas 6128 1iInd O '& Gas 63 51nl Match ba w 5 Int 5 Int e 3 Jowa N L&P s A Kems & Hillb Gs. 179 Kop G & Coke 55 Lehigh Pow 6s A 105 Lib McN 5 N & Ls 3 FYFELE 7 P & L 418 i Niag Falls P s 18 Nich_& Shep 63, Potomac, v 0« 3986 & huite R 30 Burm & Wain | 63 B Ger St ieA 3 Leo Tietz C 7, 51, Tietz 7 Lombard El 7s A 2 Mor Bk Dnmk 65 Rio Grand 7s ‘68 e Gov 51w, . R R R 1 1Sun H'Z R Stin H 7% 98 0514 18013 98 104 % 9614 99 99 [N 104 1 1005 09k 1001 a1 % o Three wooden coffins found in the | improvement CURB SHARES RIS INTODAY'S TRADING Recovery Continues—Some Sharp Advances—Deere Common Is Feature. BY WILLIAM F. HEFFERNAN., Special Dispatch to The Star. NEW YORK, November 14.—Con- tinuing the recovery that has char- acterized trading in the Curb Market during the past two weeks, new high records were marked up today in the ssues in good position to discount im- provement in earnings and future operations. In several instances the was sharp, while in others gains were limited to within a point of Saturday’s final prices. The rise of approximately 7 points in Deere common foreshadowed fa- vorable dividend action when directors again meet, now that preferred ac- cumulations have been cleared up. Because of the high selling price of the issue some were anticipating a recapitalization involving a split up of the common and inauguration of a substantial dividend on the new shares. Nothing official, however, has been mentioned along this line. The market for the metal shares on the Stock Exchange failed to have a ‘mpathetic influence on the group in this market. Newmont Mining, after reaching a new high record, dropped back to where it closed last week. Bun Hill and Sullivan at 130% lost almost five points. Of most significance was the persist- ent demand for shares of pipe line companies. KEureka Pipe, Northern Pipe and Tndiana Pipe all reached new tops. The last named issue had the $15 special cash distribution, which is to be paid out of surplus, to take into consideration, while others of the group were discounting the possibility of increased earnings and special dis- bursements to share owners because of large cash resources. National Transit reached its best for the year and the oils generally were giving a good account of themselves. Tubize Artificial Silk, one of the high-priced specialties, easy to move because of their limited floating sup- ply, gained 14 points to 375, a new top for the issuc. General Baking issues sold higher, but interest today cen- tered in the “B" stock, which was thought to be out of line with the clas: Y Crossing 171 Maryland Casualty reached its best, but improvement was limited. changed hands at improved prices. DELIVERIES— LARGER. NEW YORK, November 14 (A).— Deliveries of American cotton to Brit- ish spinners in the four weeks ended October 28 amounted to 161,000 bales, 2ompared with 153,000 bales in the pre- ceding four weeks, the Liverpool Cot- ton Association reports. Total deliv- eries for the present season to that date were 469,000 bales, against 372,. 000 hales in the same period last season, Commodity News FORT WORTH, November 14 (Spe- cial).—In the first 10 months of this vear stock growers who shipped to Fort Worth received a sum estimated at $67,279,542, With two months still to be counted, the live stock trade of | this _ci $80,735,450. ATLANTA.—Although operating on a slender margin of profit, cotton mills in the Southeast are in a generally healthy condition, with ordérs well ahead, and as good demand as can be expected. Many plants are on a 24- hour daily basis. AKRON.—After a temporary slump which came later this year than usual, a pick-up in the rubber industry now is expected. Firestone is reported to have received an order from Ford for 1,000,000 tires. Firestone executives refuse to confirm this. BATON ROUGE.—It here that Standard Oil of Louisiana has laid off 1,000 men at its refinery. The large stocks in storage are in- stanced as the reason. CHICAGO.—Imports of cheese from Canada have been having an adverse effect on American markets. The Ca- nadian supply is larger than can be absorbed by England and the conti- nent, and prices have dropped to a point where quantities are being brought into this country. probably will total about HE CIVIL WAR brought great fortunes to many men, but it unmade many great for- tunes that other men had accumulated. The Northern victory destroyed the old agricultural policy of our country and established an industrial one. Old-school merchants found that their eco- nomic usefulness and their old sources of profit had Larke blocks of Stutz Motor | is_reported | D. €, MONDAY, NOVEMBER 14, 1927 WHEAT GOES LOWER ON ARGENTINE NEWS Word of Harvest's Progress Has Bearish Effect—Corn Also Heads Downward. By the Associated Pres: CHICAGO, November 14 —With the Argentine harvest reported progress- ing under favorable conditions, the wheat market hers showed an early downward trend today. An increase in the amount of wheat on ocean pas- sage was also a bearish factor. Start- ing % to 1 lower, Chicago wheat later declined a little more. Corn also was easier, opening unchanged to 5% off and subsequently declining all around. Oats were steady. Provisions headed downgrade. Despite sharp rallies at times, wheat traders gave much of their attention today to the fact that not only was the harvest outlook in Argentina re- ported as auspicious, but crop condi- tions for the Southern Hemisphere, as a whole, was commented upon as gen- erally satisfactory with probable vields such that North America can with ease take care of any shortage. In this connection, it was pointed out that although the Canadian govern- ment crop estimate shows a reduction instead of an increase from last month, the Canadian yield indicated, is the second largest on record. Corn prices today continued large- ly to reflect the sensationally bearish showing of the latest officfal crop fig- ures. On the other hand, prevalent moist weather unfavorable for curing corn, had steadying influences and so likewise did persistent adverse husk- ing returns. . PENNSY PLAN DENIED. ¢ YORK, November 14 (#).— Reports from Pittsburgh that the Pennsylvania Railroad had completed plans to electrify its lines between that city and Altoona were denied by ‘W. W. Atterbury, president, who said fo such plans were under considera- PRICES GO LOWER IN COTTON MARKET Rallies Following Opening De- cline Meet Increased Offerings Today. By tha Associated Pre NEW YORK. November 14.—The cotton market opened easy today at a decline of 5 to 15 points under selling promoted by reports of warmer weather in the South and relatively easy Liverpool cables. There were rallies of 8 or 10 points after the call on buying, encouraged by the re- port of the Census Bureau showing consumption of 612,935 hales of cot- ton in thls country during October, compared with 568,361 for the same month last year. Thoe bulges met increased offerings, however, and the market was barely steady at the end of the first Hour, January selling around 19.85 and May 20.16, or about eight to 14 points net lower. Private cables reported hedge sell- ing and liquidation with a poor off-take in_the Liverpool market. The market eased later under liqui- dation by recent buyers, who seemed to be influenced by the faflure of the consumption figures to bring in more buying. There also was some con- tinued near-month liquidation. The business included considerable switch- ing from December to later months December sold off to 19.67, and March to 19.92. making net declines of 20 to | 21 points, and prices were within 3 or 4 points of the lowest at midday. RUBBER ADVANCES NEW YORK, November 14 (Special). —Crude rubber, smoked rib sheets ad vanced I3 at today's noon quotation of 36%. This compares with 34% a month ago and 41% a year ago. Harriman & Company TRINITY BUILDING 111 Broadway, NEW YORK MEMBERS NEW YORK STOCK EXCHANGE TRANSACT A GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street N. W. Telephone: Main 1603 INVESTMENT SUGGESTIONS FOR NOVEMBER FUNDS Bonds Penn Central Pw. & Lt. Utilities Pw. & Lt. North German Lioyd to to to yield 4.70 yield 6.00 yield 6.50 Preferred Stocks Columbia Sand & Gravel Consolidated Cigar and other securities to to yield 6.80 yield 6.50 ielding from 4Y,% to 7% WAGGAMAN & BRAWNER, INC. 1700 EYE ST. N.W. Franklin 7485 Main 4804 A complete investment and statistical service is available without obligation s P norreery N somehow vanished in the smoke of battle. But other merchants, recognizing that times had changed, adapted themselves and their affairs. John A. Hambleton was one of these. He saw that the once thriving trade of the house of Hambleton 1831 had been laid waste. He scratched Goods” from the signboard of the house and wrote in “Bankers.” This was in 1865, when the great coalition of the capitalist, the inventor and the pioneer was preparing to conquer a continent. HAMBLETON é&° CO. begun out SOUTHERN BUILDING - - WASHINGTON, D. C. BALTIMORE - NEW YORK - PHILADELPHIA - CHICAGO ruins of an English abbey that was destroyed in the early sixteenth cen- tury thow that wooden coffins were used in I‘;uand at this early date. Established 1865 "FINANCIAT The New York Life Insurance Com, Offers to Make o First Mortgage Loans On Improved Res! Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your 514,67 e, Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Apartment Home APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgomery and Prince Georges Counties, Md. 5%2% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 Caprtal & Surplus, $3,000,000.00 About One Washingtonian In Every Ten Banks Here f[Convincing evidence that this bank affords service and protection of exceptional type. {Join our family of over 50,000 patrons This Payday—practi- cally any amount will make you a depositor. fSame Rate of Interest Paid on small and large accounts. Safe Deposit Boxes at Nominal Annual Rentals Travele: Checks and Letters of Credit for Tourists OPEN UNTIL 5:30 P.M. Tomorrow and Wednesday, Nov. 16 OFFICERS: WILLIAM D. HOOVER, President. WOODBURY BL. FRANK W. STON] FRANK CHAS. IRECTORS: FRANK R. ULLMER. Asst. Treas. BRUCE BAIRD, Asst. Tr. Officer. DAVID BORNET, Asst. Tr. Officer. W. CALY Mt L TP 53 2 3 2233553 J0HN M. BOTELE) Asst. See. AUDLEY A. P. SAVAGE. Auditor. National Savings & Trust Co. 61st Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. The Complete Line of Office Equipment Filing Cabinets RAWERS that operate at a touch. Great filing capacity per unit. Oven- baked enamel finish—green or mahogany. ‘Welded construction throughout—com- pletely enclosed sides — no wearing out. the Walcott-Taylor Company, ine. Suite 201 Mills Building Franklin 2204 Washington, D. C.