Evening Star Newspaper, November 15, 1927, Page 13

FTINANCIAD, "TURKEY RECEIPTS CONTINUE LIGHT Prices of Most Commodities in Wholesale Market Unchanged. Early morning receipts kevs for the Thankseiving holiday trade were not very heavy, according to re ports of merchants, but increased re ceipts are expected later in the week. Dealers are anxious for information g the outlook for the next few f It o advance information tell- Ing of probable conditions has been received. Market conditions as to oth modities were satisfactory th Ing, dealers stated, hut bu not particularly brisk. Prices of most morning were ahout the s quoted yesterday Today's Whole: Butter . 1-pound tuh 51a52: store packed Fresh sclected 60; current rec - com- s morne 1ess was nmodities this 1me as prices ale Prices, nery, Poultry small and mediun Spring chickens ducks, 1 keats Spring a 4vai 3; roaster: chick duc smoked ders, 18; Fruit and Vegeta Review. report on fruits and by the Market of Agricu al Today's mail vegetables, compiled News Service DBureau Economics Apples—! jes moderate; demand light, market ste Washing- ton, medium to I H'l‘ k17f\ extra faney Delicious. 4.0024.25; Romes and Sta mans, 3.0023.25; bushel baskets, Penn- sylvania, unclassified Yor Stay- windfalls, mostly around 1 | Mostly around 1.25; Grimes, 23; inches up, but russeted, 2.25: Vir- o. 1, 213 inches up. St mans, 2.25; windfalls, 1.50a1 U S . 1, 233 inches up, Gri classified, 1.75; 215 inches up. 1 : Delicious, U. S. No. 1, 212 in up. 2.50a3.00. Cabbage—Supplies light. market steady; sacked. per 100 weight, 1.00a1.15; few 1.25 Celery—Supplies _libera moderate, market steady unclassified good quality hes | light; demand New York, | Danish type, demand New York, fair qual- Lettuce—Supplies light; demand #low. market about steady: California erates, Iceberg type, 4-5 dozen, 4.50a 4.75: fow 5.00. Onions—Western supplies light; de- mand moderate, market ahout steady: California, crates Iceberg tvpe, 4-5 dozen, 4.50. Potato Market Steady. Potatoes—Supplies moderate; de- mand moderate, market steady; Penn- #ylvania, 150-Ih. sacks round whites, Tnited States No. 1, 3.2523.35; Minne. sota, 150-pound sacks, round whites, United States No. 1, 3.25. String beans—Supplies very light; demand slow, market steady: Florida, 7:-bushel hampers, green, few sales, 2.50. Cucumbers—Supplies very light; de- mand_ slow, market dull; Florida, bushel hampers and square bushel crates No. 1. 4.00a4.50. sggplant—Supplies very mand moderate, market dull; Flerida, Ppepper crates hest, 3.00, ordinary quality, 2.50; bushel hampers best, 2.50; poor quality, 2.00. quash—Supplies _very light; de- mand slow, market dull; Florida, hold- overs pepper crates fancy, 2.25a2.50. Tomatoes—Suppiies light; demand moderate, market slightly stronger; California, lugs ripes, wrapped, 2.75a 3.00: Ohio, 10-pound baskets, hothouse stock, medium size, 2.00; small size, 1.7522.00. Sweet potatoes—Supplies moderate; demand light, market steady: Virginia. East Shore, cloth-top barrels yellows No. 1, 2.00a Grapes—Supplies of Western stock moderate; demand light, market dull; California, lugs Flame Tokays, 1 1.50; few higher: 20-pound lugs, 1. lugs Muscats, 7521.00. light; de- NEW YORK MARKETS. NEW YORK, November 15 UP).— Flour, firm; Spring patents, 6.95a7.35; soft Winter straights, 6.10a6. hard Winter straights, 6.70a7.10. Rye, firm; No. 2 Western, 1.18% f. o. h. New York and 1.17 c. i. f. export. Barley, steady; malting. 94%; c. i. £. New York. Lard, firm; Middle West, 12.85a12.9 Tallow, easier; special loose, 83; ex- tra, §%. Wheat futures were nominal at the opening. with no sales. Other articles unchanged. HUPP ACTIVE ON RUMOR. NEW YORK. November 15 Reports in Wall Str i Durant, pres of Durant was hack of a $100.000,000 autom combination with Hupp Motors nueleus, were accompanicd by hes transactions in the shares of that company on the Stock Exchange to- day. A block of 30 000 shares of Hupp changed hands at a share, a rise of 115 points, followed by continued heavy dealings. . Other companies mentioned in_ the merger included | Moon, Chandler, Gardner, Jordan, Peerless and Star. Durant was larg 1v responsible for the organi General Motors. COTTON GOODS EASIER. NEW YORK, November 15 efal.—Cotton goods markets quict and a shade easier toda cloth quotations slipped oft 1 at 81 for 64x60s and at 91, for 6Rx72s, R gilks were qt nged prices. DIVIDEND DECLARED. NEW YORK. November 15 (P) Etardard Oil Co. of New Jersev clared the us tra dividend of 1 cents a sk nd the Iy of 25 cents on the pavable Decembe record No were }‘EDERAL LAND BANK BONDS. Quoted by Alex. Brown & Sons. Closinz.) eranannasAaLs FOREIGN EXCHANGE. . B Hibhe & 1otations furniched . e 100 frown’ w. 7lots Sag0 Conenhagen. c10% 2638 B eh. - =4 $tockbolm. crown. 260 pest 1 Ai00 ion of | pe- | Print | Received by Private Wire Following is the list of bonds and stocks traded in on the New York Curb Market toda s, INDUSTRIAT. in hundreds, Hiz * Aero Snp Mz B LAlb P Bar A fd 35 Alb Pow ofd. .. ison” Drug A nm Co n.. by SANm Co n bl 104 % 7 Am' Arch Co. IAm Hak 1Am B G Am Cyan 1Am D S...... 1AM Gas & FI 3Am Hawaian § VAm L & Tra 2 Am P& L A Am Ravon’ Prad. 1 Am Rolling M 10 Auto (6 Corp 5 Bamnsdall deb its B Rivn Shoes Ine,, 14 Bohn Al 1 Borden ¢ 3, Brazid Lt i Biivn City Al Tion, 5ol Graph.. 4 Comman T Consol G B | | on Taund Mac 1 Georgia P pfd. . 1 Glen Alden Coal’ . 183 10 Gobel A 6% 10 Gold Seal Chon nf n ot Here Ch Jierch Ch Huyl Tmie Toh Ray Cor Co X “Hred Tieh Pow Teh Yal C Teh val ¢ Comur Co B e i 61111 Wire Lon 6% Lt 6s pfd. 113 1 Mavia Carp. .. ord 9 Mead Johnson. 25 Meiv_ Shoe. 4 Vesabi Tro ) Chain’ Sire 5&a00 St B Midi_Stl Prod.. 14 Mid West Util % Mid WU pr lien 1172 : P & T, pfd mm. & I 75 0fd 10 Pt S A0 1 at Pub Ser. ? Nat Sne 2 New York 3 15N X Tel Co pf. chols & Shen! North Am Ttil Par Lt rie wi Paimolive Co. rke Davie €0 n F L ris wi w O Ed ge ol Pe Ohio Ed war. e P& T, 78 f. . Pen Salt ; Phelp Dodea’ Cor 12214 103 1% 0015 T Pow sy 30 Prudence Co prd. 1011 AP S P& 1,0 p100% 10 hee Mor®, % Richn i Rich 4 Rich Tinto T4 1s Rovee nid 2 Rubberoid T Sare C°H & 14 war. Withing = Pan. 1" Com “Toh’ 1 Pow & Lt 2F 1P & Lonfd 102 Sanit” Mfg 10315 Stz Mot 4 Swhit Tnt] ke Axie b Prod ihize A € i, Biseuit P A &P At ht'n it cash L vte B apti W Warmner Kros Pic Watson. JJ W, .0 Watt & Bond’ . 5 West Daire Pr A W Dare P vie B &t Alitn Shp B Weeson 0&Sn vi- 1 Whi S Ma deb rts | 1 | Wall Street Briefs STANDARD OF NEW JERSEY— Standard Oil Co. of New Jersey has reduced bunker fuel oil 5 cents a bar- to $1.25 at Baytown, Tex., and | $1.30 at Texas City. Similar reduc- tions were made Friday at New Or- { leans and Baton Rouge to §$1.30 and | $1.25 respectively. The price at the Panama Canal was cut 1 cents to, $1.40 F. & W. GRAND STORES—F. & | W. Grand 5-10-25 Cent Stores, Inc, hos called for redemption on Decem- ber 20 its 7 per cent enmulative con- [ vertible preferred stock at $115 a Tolders may convert their shares into no par common stock on the basis of one and one-third shares of common for- each share of pre- ferred by serving notice before De- cmber 10, Preferred stock outstand- ing amounts to $1,150,800, Nash Motors had its biggest export month in October, shipments having been §: per cent more than October last year. share, NASIL MOTORS COLUMBIA GAS—Supject to ap- proval of the Public Ulilities Com- mission of Ohio an agreement has been reached by which Columbia Gas & FEleetric will acquire the Cities Service Gas Properties in Ohio, in- cluding the distribution em Which supplies gas to variou ons in the north central part of Ulnu Cities Service Electric properties are not involved, First mortgnge 6 per cent honds of Ohio Electric and of lopment & Gas Co. 33,700, have been called redemption Novem- |ber 1 and December 1, respectively. Gross earnings of the Columbia sys- tem for the vear ended September 30 rose to $96,746,521 from $91,464,131 the year before. Surplus after charges and preferred_dividends of subsidiaries. was $23,772,506 agalinst §25,951,322, the THE EVENING STAR, WASHINGTON, . NEW YORK CURB MARKET Direct to The Star Office 2w 2 Zel Sales in hundreds, Oil-0-Mat Ht 7 Yo R aiu MINING STOCRS. 3814 10 D 1'1” Thoueht & M 3 I Thoneht 6 on Center 31 m\imul Siato Hecla 1 Hollinge Tonopah Tni Verde 2 Utah Apex Ttah Metals 5 Wenden Cop Salos INDEPENDENT in_hundreds 219 Am Con 0ilflds 14 Am Maracaiho C 5 Ark Nat Gas ZhntAm o1 0 10 Cardinal Pate 1 carib Synd 100 1084 o100 “100 £ G & F vV G & T e pid S Ginson Oil chr. 2 13 EniioBin ot Fa ping 26 Intercont * Pet. 105 * Rirhy | Pet 10 Magdal Send 1 Mexico Oh 20 Mex Oil, .- oo 10 Mount iod 33 Nat Fuel Gas 0l 1 8w Mex Land. 1 Nar Cent i 00! 1¥ Pinden 01l Kol Cord Fos Ol - ORI 10 &R TWiliox O & G n Salesin STANDARD OIL ISSUES, Eingle shates. 300 Anilo 400 Angio 500 Bickeye P 1 5000 Contl Ot n 100 Eqreka P L, 100 Gal Sig Oif 7500 Humble O1l SO P s oooae 300 Imp- Qif” Cain "n: 700 Ind L. 1900 Inter Yoot id 8%00 Nat_ Traneit 500 XY 1] 1500 Ohio Oi 200 Penn Mex Fliel! 1400 Prairie O & G 'n 800 Prairie P L Solar Refin S0 Ind 108 0 Kansas Ro0S O Ky. 100 Swan & 8400 Varuum Sales in Am Oil.. A0 n vte 6 Ay 508 oil BON s 6 1001 10 100 1001 i 43 Alum. Co- Am' b, 10 Am Cyanamid ox. B0Am Gas & El 6 § W 68 10N Am Roil Mili 65, 1054 Am Seating e 1030 S Am Thre 510100 Appal El Pow bs. 9K7¢ Ark P& I 0813 Ax'S Hard 63 108 10515 10 1011, a0, 1035 9374 6115 (A P 5&n wi fommand Lar Cons Tex ®s.. Cuba Co 6s Cuban T, 2 cudahy 3 Det Cty Det Cty 50 Det Intl 54 Det Inti Dix G Cs 615 mgon Schil Kefrig x, o &g Tire P& L 8 Gair _Kobt 1Gal Six P au Pow By Pos N Pow fis 10 ive Cr tiax 10 aun Ma 6135 100 & ¥ 95 083 Pw as'n Wil O8RS Trunk 6l )iy G Ol Pa Bs 136G Ol Pa b 2 Hood Ru 2% Ind Oil 4Ind P& 3Int Pw See 7 ) Inteixta Pw intersta P Inv'h & Sh N i) 10 Gen 16 104 L lout SA duiy 6% 130 3 98 S 1015, w s AL [ib MeN & L Lone Star ¢ Manito P Mont Pow 52 A ML H & P oy U.m prris & Co 7 061y rrag Co 58 A. 1007 Ny £°L50. % 10 Nat £ S Ulys 2 Nev Con New Eng G Y P & L odgs Nich & Shep ts 114 Nor Ind I 3 5s C 99 NS P M G5 C1: Okla Nat 6 638101+ Onio P 4%s D. 4 Ohio P 58 52 B10L Pac 43 7 1014 fIIEN 170 e 101 5 Gk Pire 01l 6 Qu B G&E Rem: Arme 5 lys Kem Ran 57.n servel Dol b, Serv' Del ok 0 wi 6 Sehulte R ESt s Sehulle K E_(5) 5 Shawsheen Shw WaP 4 i dheat Gs Sou Cal ¥ South Datries ne P&l P&L 68 Stand_ Invest 50N Y iy S LG & 3 Maid Swiit ey Uni Ind e Ui Lt & R 5% US Riib 6lys BUS Kub Gi3s BUS Kub 6138 US-Rub 618 US Rub 30 101 US Sm & R 5 Col P & Warn Br 100 53 Xy 011y T 25 10054 100 by 41006 R 1005 100 55 98 e hiE 100 4 100 1; 1005 100 74 100143 FOREIGN BONDS. in tnousands. 1 Adriaic 1Aen M B 2 Aen My 47 2 Baden & Bt Brishane it B G S G Nt G st s B vtk b las e St Prus Tam bt 17 Hambrs 4 Hun 1 Hung 5 nd B Mor B Chile 6k, 4 Mor Bk Denmic 68 1001, Muni Medell; G lhen nta Fo City s ax 8 M 178 4 18ax S M I 6%w 8 Serbm 7n e H % rol 1y Tlng BLS Te AL 100 10U S W oy ‘AL 03 *Ex divident, E 5. Offering is expected tomorrow by Bonbright & Co. of an issue of $10,000,000" Electrlc Bond & Share Co. -6 per cent preferred stock at 109 #and accrued dividends. |an lis better than at any | Indiana. | best for the ye was noted in | RISE GAINS SPEED ON GURB EXCHANGE 0il Stocks Among Bullish| Features—Sugar Shares in Better Demand. BY WILLIAM F. HEFFERNAN, Special Digpatch to The Star. NEW YORK, November 15.—The upward movement gained momentum in the Curb Market today, practically classes of stock sharing in the improvement, Because of the absence of Important outside developments, it was logical to concinde that much of the demand was coming from a short interest which had become uneasy in view of the ability of the market to move forward for almost two weeks with only minor interruption. There was every reason to belleve that the outlook for the oil industry time during the Oil stocks were among the features of the rise, numerous issues establishing new highs. But in al- most_every in.\(uu«n the demand was based on prospects of special dividend action By directorates whose com- panies are in a position to pay out to share owners part of their huge ash surpluses. Included among these were Prairie Pipe Line, Vacuum Oil, Eureka Pipe, and Standard of National Transit reached its v and special strength llinois Pipe Line, Praivie Oil and Gas and lumble Oil. Latest developments at the conference working toward the regu- tion of world sugar output were re. flected in a better demand for sugar stocks hoth heye and on the Stock Ixchange. Central Aguirre and Fa o Sugar were especially use of the fact that they benefit duty-free produce: Widely circulated rumors to the ef- fect that conferences are being held with a view toward merging a num- ber of independent automobile manu- facturers into one huge combine, to be built up by W. C. Durant, were re- sponsible for the activity at rising prices in Durant Motors. While these reports were not new to speculative Wall Street, they apparently carried more weight than heretofore. Stutz Motor, although not mentioned in the merger gossip, went along. New high records for the year were more numerous than on any day in the past month, and in several in- stances represented new tops for the present forms of eapitalization. They included a 16-point rise in Tubize Arti- ficial, which carried with it Industrial R issues, Richa Hellman warrants, Newmont Mining and American Roll- ing Mills, while Kemsley Millbourn stock and honds changed hands at thelr previous best. past year, GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, November 15. Bid, 55.00 Asked Ger Gt Red Loan with draw ctfs att per 100 R M 60.00 Ger Gt Red Loan withont draw cifs per 1.000 R M. 29.00 3200 (Quoted in_dollars per millian marke | mibii 00 4500 (Quoted Ger Gen E Ger Gen Berlin Hamh & Hambire Anier | North G LR lorf 4s pre.war 4158 1010, in"doliars’ her s e itos 1018 {Housan Commerz an G. Farben s Disconto Gellsehaft.', Berliner Handels. . . Dresdner Ban Deutsche Bank Darmstaedter Bank Hevden Chem erenr Rank Vienna or Ger Llo; Austrian A E G (Gen El Privat Ban R. W. Pressprich & Co, 0. R. Red mond & Co. and Roger: Caldwell & Co. offer today £1,000,000 C of Mont- gomery, Ala., 5 per cent coupon or registered honds, due July 1, 1957. The | bonds are priced to vield 4.25 per cent. Paris | attractive | von: both classes of General Baking | D TUESDAY, Commodity News CHICOPEE, Mass,, November 15 (Spbeial).—The Dwight Manufacturing Co. plant here is operating 95,000 spin- dles out of a total of 110,000 and has 1,000 hands on a 48-hour-a-week basis. SHREVEPORT.—There has been a sharp drop of production of crude oil in Louisiana and Arkansas. Only seven new wells were brought in com- pared with double that number a week ago. A well producing several million feet of natural gas has been brought in at Huma. It will supply homes and sugar plantations with light and power. SAN FRANCISCO. — Demand for good top cattle is particularly strong in the Western States today. The de- mand from small country killers and packers indicates the supply of avail- able California grass cattle has been pretty well cleaned up. ST. PAUL—The State commis- sioner of agriculture estimates the Minnesota dairy product output for the year to be approximately $200,000,- 000 in value. This is more than the returns from the combined Minnesota corn, wheat and oats crop. DETROIT.—The now is engaged aige Detroit Co. in constructing a | 1,000-f00t ~ covered loading platform | costing §100,000. This will bring the available floor &pace of the main Paige Detroit plant to about 1,000,000 square feet. PRICES SCORE GAINS IN WHEAT DEALINGS Crop Damage Reports From Ar- gentina Accompany Upturns in Chicago Trading. | By the Associated Press, CHICAGO, November 15.—TFresh crop damage advices from Argentina, together with word of buying for con tinental Europe, led to an early brick upturn today In wheat values here. Hot winds were reported in parts of Argentina_and the crop 10 days late. Opening at % cent to 1% cents higher, Chicago wheat held near to the initial range. Corn and oats were also firmer, corn starting % cent to % cent up and subsequently showing addi- tional gains. Provisions were easy. According to dispatches today from a Chicago crop expert at Rafaela, Santa Fe Province, Argentina, hot winds are doing great damage to wheat. He adds that there has also heen serious frost damage, that rust is very gener: and that vields per acre will aver but 10 bushels, On the other hand, advices today from a different source said early threshing returns in North Argentina are sat factory and that reports of rust damage are emphatically denied. Upturns in wheat prices here today were checked to some extent by heneficial rains in Buenos Afres Prov. ince, Argentina. lowever, it was stated that in South Argentina rains are generally needed, and it is feared the yield will be below average. TORONTO TRADE HEAVY. Volume on Standard Mining Ex- change Reaches 3,686,638 Shares. TORONTO. November 15 (#).—All records on the Standard Mining F change azain were broken vesterday when the stupendous volume of 3,686,638 shares was turned over dur- ing the day, nearly half a million shares more than the previous high record achieved last Friday, Potterdoal was the dominating leader in a wide list of feature stocks, closing three points higher at 26 after touching 30 on a turnover of virtual- Iy half a million shares. The Kirk- land Lake and Quebec stocks also were featured. Most of the others climbed higher. RAIL MILLS REOP{NED. NEW YORK, November 15.—Rail mills oi Colorado Fuel & Iron at Pueblo rcsumed operations today at hout normal eapacity. Fuel that answers “YES” everythingyou and your motor ask it PENN OIL Co. OFFICE--133 PENNA. ME. Franklin 391 ,centimes, NXOVEMBER 15, 1927. RANGE IS NARROW INCOTTON TRADE Market Holds Fairly Steady, | With Fluctuations Some- what Irregular. By the Ascociated Pres: NEW YORK, November 15.—The cotton market opened steady today at unchanged prices to an advance of 7 points on buying influenced by rela- tively steady Liverpool cables, and re- ports ot colder weather in the South | west, Ihe upturn was checked by a con- tinuance of December liquidation, which was again largely in the way of switching to later months. The mar- ket held fairly steady during the first hour, with fluctuations rather narrow and irregular. Private cables sald there had been Indian buying in Liverpool on the avy rains in India, which have been accorapanied by reports of damage to the crop in that country. But the ad- vance had encountered hedge selling | and lquidation. The market was steadier later on some New Orleans and Liverpool buy- ing, but general business remained quiet, January sold up to 19.81 and May to 20.15, making net advances of \hout 10 to 15 points and the market was within 3 or 4 points of these figures at midday. Traders appeared to find nothing of a particularly stim- ulating character in the day's news and to be awaiting further develop- ments or perhaps the ginning report which scheduled for publication <t week. MARYLAND CORN, HAY AND POTATOES GOOD Poor Yields of Wheat and Orohard Fruits Reported—Tobacco Crop Favorable. Special Dispatch to The Star. BALTIMORE, November 15.—Crops of corn, hay, white potatoes and to- baceo f¢ 27 are reported favorable a bulletin just issued by John § Dennee, United States agricultural statistician for Maryland. Mr. Dennee also reported poor yields of wheat and of erchard fruits. Unexpected acreage yield of corn raised the total Maryland crop of this grain to a figure nearly equdl to the 1926 yield, although the corn acreage this year was considerable less than it was last year. Mr. Dennee declared the average corn yield was approxi- mately 41 bushels an acre, compared with the yield of 39.8 bushels per acre I: year. and a 10-year average vield of 3) bushels per acre. Because of the heavy yield the Maryland corn crop for 1927 was estimated at 21,566,- 900 bushels, as compared with the 1926 harvest of 22,049,000 bushels. 'he 1927 potato crop, according to report, will total about 5,490,000 bush- els, compared with last year’s yield of 3,690,000 bushels. The hay production for this year was given as 431 000 tons, compared with 516,000 tons in 1926. Although the unexpected yield in corn raised the total production in Maryland, only 76 per cent of the crop is marketable, Mr. Dennee reported ‘The- 10-year average for merchanta bility of corn is 2 per cent. The sur. plus stocks of corn left over from last vear also are less than the average, according to the report, it being est mated that only about 661,000 bushels of the 1926 crop are left unconsumed. PRICES ON PARIS B.O_URSE. PARIS, November 15 (#).—Prices were firm on the Bourse today. Three per cent rentes, 56 francs 5 centimes: exchange on London, 124 franes 513 | centimes; 5 per cent loan, 75 franc The dollar was quoted at 25 francs 45 FINANCIAL. VIRGINIA CULL OYSTERS BANNED BY MARYLAND Spectal Dispatch to The Star, BALTTMORE, November 15.—Oys- ter under three inches in size cannot be brought into Maryland from Vir- ginia under an order just issued by Swepson FEarle, State conservation commissioner. The cull law, he pointed out, could not be enforced if oystermen were permitted to bring Virginia oy Smart Ulsters Tube Coats Specially Priced In This Event this event. { 737€ JULIAN = MEN—This is Overcoat WEEK at the Julian Goldman Store A Julian Goldman Charge Account Is at Your Service under the required three inches into Maryland. For a whiie this season, Mr. Earle sald, planters were allowed to bring Virginia oysters into the State for planting purposes, but it was found that instead of being planted the bivalves were being lhlxtkt'! SRR Of 22 inmates recently admitted to a public institution at Hornchurch, Eng- land, the youngest was 80, and the total ages were 1,892 y Town Ulsters Box Coats Raglan Coats szfiso Made up of the finest coatings obtainable, many of which were imported from the looms of Scotland, Ireland and England. Every coat has been tailored to our spec- ifications which represents the highest standard of tailor-craft. dollars on your overcoat by buying it in You save many ] 1315-1317 ¥ St. N.W