Evening Star Newspaper, November 21, 1927, Page 12

[ g BUYING BROADER ON CURB MARKET Many Issues Go to New Highs—Hygrade Food Prod- | ucts Bonds Are Feature. BY WILLIAM F. HEF ch to The Sta November An swept through | al Disy NEW YORK, other wave of buyi the curb market at*the outset of the | week, carrving many issues to ne h records What was of more than the new peak pri however, was the tendency of buying to broaden out and extend to upw h the entire proceedin $1.000.000 1 ts Corporation fi cent gold b admitted sor the today. issues which nent in th most wement inciden red vod Prod- | per | to tradi The issue 9912 and , and bankers repc subseription. The vrice opened at and soared to 122 hefore the de- applied. At th the company into W the bonds convertible at § share, was ed in the ove counter ma it bid, offere reby th Tywood Rises. W in the new high rece Reports that was planning to dis gubstantial extra stock div followed by a rise to a ne these shares. Deere & Co. with prospects for ¢ inau of common dividend now that cumulation on the preferred have been cleared up, extended last week's gain of 13 points some 10 points when it changed hands around 250 | Others that sold at their highest for the year, and in several instanc highest for the present forms ¢ jtalization, included Fansteel Products, Safeway Stores, Newmont Mining Maryland Casualty and Midland Stee! products. In each instance earnings prospects appeared to be the incentive for the buying. T Expectations that dividend distribu- tion of the Standard Oil units for the year 1927 will establish a mew high record accompanied the heavy demand for such issues as Vacuum Oil, Ohio 0il at a new high for the year, Stand- ard of Indiana and Humble. Northern Pipe Line featured the pipe-line com- pany shares, making a new top at 93 Lone Star Gas Feature. The star performers among the ues were Lone Star Gas. tts Gas and Southeastern of which went to their or wnoth lend were high for common iration 1 ac-| Power, best. It was a market in which operations for the rise predominated the greater part of the session, and one in which little attempts were put forth to check the improvement. The element favor: ing further price appreciation had everything in its favor, and was in- clined to press its recent advantage. Baltimore Markets BALTIMORE, November 21 (Spe- cfal). — White potatoe: 100 pounds, 1.00a1.75; barrel, 1. 5a3.00: sweet po- tatoes, barrel 1.50a2.75; yams, barrel, 2.00a2.25; beans, bushel, _2.50a3. beets, 100, 3.0024,00; Brussels sprouts. quart; '10a15; cabbage, 100, 2,0024.00; cauliflower, crate, 1.00a3.23; carrots, 100, 3.00a4.00; celery, c 5a2.00; kale, bushel, 25a30; lettuce, hamper, 1.0022.00; onions, 100 pounds, 1.00a 1 peppers, crate, 1.50a3.50; pump- kins 100, 10.00a20.00; parsnips, basket, 40a50: Savoy cahbage, bushel, 30; spinach. bushel, 35a60. tomatoe: 2.00a4.00; turnips, ba t, 25a30. vy Apples, basket, 35a7 barrel, 2.50a 6.00; grapefruit, box, 3. 0a4.50; grapes, basket, 15a20; oranges, box, 4.0026.00; pears, bushel, 50a1.00. Hay and Grain Prices. . 2 red Winter, export, 3 red Winter, export, red Winter, garlicky export, 1.36%: No. 3 red Winter, gar- licky, export, 1.33%. Corn—No. 2 yellow, cob gorn, old, 4.50a5.00 per 59 nominal. . 2 white, domestic, F white, domestic, 38122 v, 90a1.00. . none. New hay is| arriving in only limited quantity. It I, therefore, not being officially graded and sells strictly on its merits. with- In range of 14.00a16.00 a ton, timothy d clover grades. '"-m'“_\-f; 1 wheat, 10.00a14.00 per No. 2 oat, 13.00a14.00. Live Stock Market. Cattle—Receipts, 800 head: ch weight cattle attracting steady pri cows and bulls slow and ea . choice, 1450 to ; good, to 14.25; medium, 11.75 to 12.7 common, 10.00 to 11 feeders and stockers, to 11.00. Heifers, choice, 11.00 to 12.00; good, 9.75 to 10.50: me- 5 to 9.50: common, 650 to Bulls, choice, stable, 8.00 to fair and good, 6.25 to 7.73; com- mon to medium, 6.00 to 7.00. Cows, choige, stable, 7.50 to r z00d, 6.50 to 7.25; common to medium, c domestic, 1.02: barrel, tor tamb—Rec mal Sheep and head; good supply sheep, 2.00 to 6 ‘mbs, 7 Hogs—Receipts, 400 head; f ply: market lower; lights, 9 9.80; medium, 9.70; roughs, 6. zht pigs. 9.00 to n hogs, 10 to sher 00 to 14.50. ir sup- heavie: to 8 9 9.15 9. than Western 10 to 15 h quotations Calv ply, m 15,50 light 6.50 to head: calves pducts. pound and_ croo chickens, poor _and “arm Pl ive—Turk: 40; poor pring 43 2, thin, Leghor THE_EVENING STAR. WASHINGTON., D. €. MONDAY. NOV ,NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of bonds and | stocks traded in on the New York Curb Market tod: Tes in hundreds TAlb P B Allixon Drug B Alum Co 5Am Arch Co BB ELF e Cie : L Am el * WPl i Co 01 pf nt' Pine Cor! G Sne & Bump T M&S P 0 winf it S P&L As pf Se P&L Ts vl 1 melav Millh crocer G &, o T aoknean 5] Toh Pow 7Teh Val € 1 Temur Co.. .. 11ih Owens §'G 1Tit Bros. . i Marvl V Aass Gas Cn. . Mavis Bottlin, Mav Drus Store. Mecall Corn n MeCall C R 58 wi 2% Vel Shae €67 pld 10413 s Am Cid e Co pla: & Nieh & Shen e 15 Nifew em P’ a 20 North 0 p €. " Sor B B G4 Nor Sta P b 13 Noriin "Pow 5 Trace 4 Pa GRE m 1 bt 20 i Pae Si° Hoiter 't 13 Paimolive Co - am FL ris i der D Groc A 11 Pender D 2 Penn Ohio” B 3% B0 B 6 pf % Penn’ 0 1 pld 10 i Penn Pl % % Phein Dodze 1 Philin Morris - - 1 Phill “Morr's A 2 Pirzly Wizely o A Pitney Boews PM 10 Petero Sug wi. o % Proct & Gamble. 2 1Puz S P& L % Pug § Patp 10'R S Music! 1] Ren Mot " 3 Ren Mot Trk v 1 Rich Rad ... oo T Rich Rai o s Roval Bk Po ! Satewar L samt ot 0 <5 Grocery Wall Street Briefs STERLING CHANGE.—Despite the recent advance in sterling, the highest level since 1914, and close to the point at which gold exports to England would prove profitable, inter- national bankers do not look for any shipments of the precious metal, ex- cept possibl~ a small amount for sen- timental reasons. Bankers point out that any large influx of gold into Great Britain would lead to a lower- ing of the discount rate there and a subsequent withdrawal of larse Ameri- can balances kept in London to take advantage of those higher rates. The withdrawals which will accom- plished by selling sterling and buying dollars would force the sterling rate down below the point at which gold could be shipped with a profit. GOLD SHIPPING COST. parity is $4.86 Sterling rity the “gold_export point” in the neighborhood of $4.88, the difference Dbeing accounted for the Cost of freight, cooperage, insur- ance and loss of interest while the! gold i~ in transit, Demand sterling | sold last weck as high as 4.87 2532, RAILROAD EQUIPMEN' ailroads are reported in financial circles to be figuring active on cquipment requirements, and e likely to hegin distributing in- | quiries and orders within a week or |s0. Recent months have produced lit tle equinment business, and uny spurt in railroad buving would create in- creased interest in the equipment Leghorns, ducks geese, Guin 20; old hens. old roosters, small and poor, 17als: pigeons, pair, 20a30; each, 40a40. Dressed 43445; old breasts, 25 fowls, pound, poultry—Turke crooked 240. poor and chickens cises; native receipts in free y fresh, dozen, and nearby current ey _creamery ; I 51a53; blocks, ladles, 37a38 34a36; store dairy prints, 33a36; process, STANDARD OF INDIANA. NEW YORK, November 21 (P).— Prospects of a stock distribution by the Standard Oil Co. of Indiana are being discussed in the financial dis trict, although official confirmation is lacking. At the close of 1 ned and surplus capital was the equivalent on_ the capital stoc S25 par value time. A stock divid was paid at the An- other report is that more stock will be offered to stockholders carrying at- tractive rights. e The blues seldom come to one who s “in the pink.” Aot cent of that nd of 1 . cent group listed on the Stock Exchange which has been more or less dormant in recent sessions. | GENER'T, MOTOI {of motor cars by General Motors de fers in October totaled 3833, This i 2 —Retail s 1 increase of about 55 per cent nver the total sales for Octaber o7 L1st year. when 99,073 General Motors cars were sold to users, SHE! of She | third I. UNION OIL. Union Oil Corpor q eclined to 1rm;\ 1. in the | g7 1926, Net income wase$3.814.274, Wl ainat $13.953 060 Tt e Stirplas as of September 30 stood at $35,806. 529, compared with $14,727,374 a year before. i DETROIT-WINDSOR TUNNEL.— Financing for the construction of a |new vehicular tunnel connecting De- troit with Windsor, Ontario, will be | done by New York banke ADE FOOD PRODL - 24000 share f common 0,000 6 per cent honds Food Products Cor York bankers re 1 the first consolidation of deliea n sunply propertics ever effected Hygrade Corporation will acquire the Hygrade Provis | Standard Provision Co., Liberty vision Co., Roval Provision Co., United r tion f¢ $12.4 me quarter 083 Heegr poration New income | tie | 16 801 P 14 Sou P I, South P 1% Sparks IR SY Bl Ao Tntl & St Swift L Timicen A6 X Trieo Prod 43 Trans Lux 16 Trumbuii Trus A Tubize Cui’ Bis Uni I Coal v 19 Um Pro Am wi AApLwil 3 T 1 &P oA Shoe M ( Pict. st Exnlar » Chil ¢ nker Hill n Cop Mines N 1 1 Taw thorne Wmant Minin 2 Maunt 7 New Mex tom O 01 01 12 Riehfield 0l Cal i Rich Oil Cal pfd Ck P Tand. | 300 AU Tahos. .. 100 o Ol 000 Humble i1 200 Imn O € i G'n > 1 100 Sonthern P L0 100 Sou W Penn P L 0S 0 Tnd 600 S 0 Kansas. | 4008 0 Kv 150 % 0 Ohio 1 4000 Vacuum ' 0il | thousands. 10 Allied 2 Allied Pk @s... Pk N Am El s P&l ates Valve B s 1 Beacon & 2 Be I Bell T 19 Bos & M Can ‘N nowi Anwi atinean P'5s ¥ cn 1 Crm 6345 1 5 & 1 3 A r 5is 51 3 Tente "6 125 1 188 BTS2 Ind Ol & Gas O & Al Pub S 0 Eng_G& South s s outhe A or' B, Bogot i nd uss Gov 5l4s. use Gov 81430 s G 638 n ofs X9 M 178" NEW YORK. States in Octoher truck: inst Beef Provision Co., Blue Ribbon Provision Co. and Bernard S. Pincus, as well as other similar properties. Automobile production 164 and 329,142 in October, for 10 months of 1927 £ 14 N 11 11 oe Sar a0 9113 613 903 95 % 659 5 { 055 853 00 % 098 1 63108 971} - 10dx mher in th 221 in 1 26. 190 5 | dealers as be s | AUTO OUTPUT DROPS. ) — United cars and eptember Output cars and trucks, against 3,805,068 in the same period of 1. 926, | CHICAGO LIVE STOCK MARKET TURKEY RECEIPTS INMARKET LIGHT {Some Dressed Stock Arriv- ‘ ing—Good Pork Trade ‘ Is Expected. Reccipts of turkeys for the ¢ trade reported by iving holida x only Live maoderate. o been reaching hel but it was not until y¢ hants received dressed [ turkevs ha ‘|>.|\( few ¢ Jterday that merc | stock. It is reported that many turk lin the best condition are bein | eaived here, the result ytinued warm weather during { period when the birds should have h: { the benefit of cold weather to fatte | them [ Word 1 | eral turkey raisers that they cull their flocks to zet suppl | the Thanksgiving holiday trade | ing the poorer birds to be fattencd | time for the Christmas holiday son. Pork dealer: trading in fr not e, the i y from sev had to 8 for | leav- | in s heen received re exp h hams for the Thanks- giving trade, many consumers, it is be- lieved, intending to substitute them | nuaty i the | operating loss of 11 it is stated, of | Hudson for turkey, being unwilling to pay the | {igh prices for the king bird. Slow trading in the market in gen: eral s expeeted until the Thanksgiv rush for turkeys is on and the er part of the week trade hably will be slow, when consun themselves with left-overs dinner. mornin ‘3 Great Special Values in Bed Davenport Suites this 18 prices quoted Sat for the live and 50 for dressed stock Today's Wholesale P IPresh, 1-pound tore packed, 30a31 <h selected, H0a Th5ab0; current receipts Poultry, alive — Turkevs, fowls, small and mediur 3. Sprin 7: duc Turkey prices t the same 10 to 4 ones prints, 54 hen 40442 . voung Dressed—Turke 32a33; roosters, 18a pons, fancy, heavy, keats, 80290, Killed —Beef, 20; duc 10245 Mey veal | 20a21: loins, | smoked_ hams. | Qers, 17a18; strip bacon, 24 calve lambs, 13. Fruit and Vegetable Review. Foday’s market report on fruit iy compiled by the Mar e of the Department of Ays: ducks, 18220 smoked shoul lard, 14; Agriculture, y abbage—Supplies _moderate: mand light, market dull; New ‘ dhed, per 100 weight, Danish type. | 1.00a1.15 ‘Apples—Supplies moder moderate, market stead) ington, medium to large fancy Delicious, 4.00a | and Jonathans size, Staymans Romes, 2 . round 3.00; fancy Rome : bushel baskets, V' fa. un- inches up. 1 >enn: % inches up, unciass P Siaymans and Black Twigs, 1.7 11.75. Celery—Supplies Tiberal moderate, market stead: 3 erat 2.00a2.25; Cé tes, 6-7 dozen, best. 4 lity and_condition. 4 uce—Supplies moder market firr and ik full ; fair der a Tett moderate, dozen, hest most Onions—Supplies moder moderate, market steady: 100-pound sacks vello medium to large size. 1.60a1.’ gan, 150-pound sacks, vellows, 0. 1. large size, 1.75a1.80; ound 1.85. Potato Market Dull. Potatoes—Supplics limited light, market dull; Penv ylvar pound No, 1, 3 sacks, 3.25a3.40; mostly 3.40. weet potatoes—Supplies lig] mand light, market dull; t Shore, cloth-top barrels, lows, No. 1, String hean: te: demand vew York No. 1, Michi- U. 8 mostly demand | Supplies liberal; de- and moderate, market weak: Ilor- | el hampers, green. < 00a . practically no demand: no sales: South Carolina, green. wide ra 2.00, few high- 2.50 practically hushel hampers, condition, hest mostly er. poorer low as 1.50 Tomatoes light; demand moderate, market slightly stror Coalifornia, ues. 1 wrapped. 3.75: 10-pound hoxes, hothouse stock no les reported. Tant—Suppli mand moderate, market st ida. pepner crates, fancy chaice, 2.50. Squash—Supplies limited: demand moderate, market steady; Flovida nepner crates aney whites, 3 00a3.50; hushel crates, vellow, 2.00a2 Cucumhers—Supnlies verv light: de- | mand light, market dull; Florida sanare bushel crates, No. 1, 4.00; culls, | 2.00. | ae. | Flor 3.50; moderate: a 21.—United CHICAGO. November Agriculture: States Department of Receipts, 47,000 head, slow: | les, steady to some weak to 10 lower than Sat- bulk sorted 200 to 9.00a9.20; top. 9 desirable. to 190 pound weight, 8. ; bulk better packing sows, 7.75a8.: practically nothing done on pigs early. Cattle—Receip! 22,000 head: fed steers weak to 25 lower; very slow at decline; in-between grades showing most declin quality con- sidered. stead strong: | vealers steady: 't on | stockers and Intter mostly steers of value to it standing. 9 rlinges mostly 12.00a 270 pound mo: to zood feedeor: natives: ell at pound supply most fec 13.001 heifer ve 5.00a5.15, kers 12 00, mostly 1 Sheep—Receints, mbs opening slow. fair to zood natives and Westerns weak to 15 lower: 13 13.85; asking steady prices, 14.00 and better for choice offerings: J dy: good and choice ewes, mostly: feeding lambs, unchang- 20,000 head | The Julius Lansburgh Furniture Co. ed: good ranze feeders, 13, me-hacks. 12.00a13 good feeding | vearlings, 10.50. | Commodity News ‘ | | Special Dispateh to The Star | PORTLAND, Oreg., November 21.— | | There has heen a_sharp decline in business at West Coast lumber mills in the last 10 da ew ordens for the week totaled 98535000 feet as compared with 126,000,000 for the week previous. Production was slight- 1y over 126,000,000 feet. DETROIT.—Negotiations are re- ported in progress for the acqu'sition of the Detroit plant of the American Blower Co. by the American Radiatc Co. The blower company manufac tures fans, blowers and heating ap aratus LIVEPOOL, Ohio, production in this section | new hizh point th's wee | the Christmas demand holi shipments will be an their | way hy Decqnber 1. Plants here are | running 70 per cent capadity Pottery reached a owing to Virtually all was 3,072,915 |+ What we call confidence in our- selves we call conceit in others, EMBER 21, 1927. harmessing Mua White Falls on the\ INSULL INTERESTS BUY | LESS TOBACCO MOVING. | CONTROL OF BIG UTILITY! Flin Flon and other areas, Erection of pulp and paper mills in Northern Manitoba also is seen as a probability. | CHICAGO, November 21 (®).—The | Both. Sales and Receipts of Mary- amuel Insull interests have pur-| land Leaf Are Smaller. hased a controlling interest in the | SPecial Dispateh to The Star. Western United Gas and Electric Co..| BALTIMORE 000,000 public utility in the Fox | receipts and Valley centering in Aurora and showed WHITNEYS WILL DEVELOP CANADA FLIN FLON ARE Building of Ralroad Into Copper Zinc Mining Country Is Part of Big Project. STEEL SCHEDULES. NEW YORK, November 21 () Steel schedule in the Mahoning | ley this week show 3 of the 53 i ! pendent open-hearth fur ing, 12 of the 20 pipe mil and from 65 to 70 of the mills active. A. M. Byars Co three dav-a-weck Steel is averng Younzs 1 November 21.—Both Maryland | last we les of River tobaceo a Bl At ha Copley By the Associated Press. WINNIE Manitoba —Development of the copper and zine minin v capital investment of 000, by the Whitney E to be started next month, Premier P John Bracken announces e Construction of a railroad into th clds will be begun this W he said, adding (hat the provinc rnment’s offer to pay $100,000 an | for five vears nst possibl road had been Covember rmer 7 in Klon iy entailing t least $3 interests ugh details of the een revealed ey the dir <h trans is op sched leavir wareho: is lear Ira former il orth o is| T wtions today cent 60 per ce ane jos i ek h isition of 1 intere holdings an estimated total of more than 8§750.000.000 il extend far Tuhe m dds anoth re capitalizat » T OIL OUTPUT GAINS. NEW. YORK, Crude oil production in (- week aver 3,200 ininerease of 4 the preceding In utility November lit Lecepted. in The road, to be built by the Cana dian National Railway at an approxi s cost of $3.500,000 he said, will A point near the pass on the tay road into the Flin Flon By tie end of the Winter, it | KINGSTON, most of the right of way |21 (P).—With OF 100,000 stems of this is expected S. 72 D. & H. INCOME DROP: NEW YORK, N WILL OFFER NEW Y Ne JAMAICA BAVANA EXPORTS STOCK. district i emt equivalent 3,297 will have heen cloared in prepaation for the laving of rails next Spring e development project will brinz activity to the district, it is he One project planned is that of prospect maintained 1l 1 avera: : thrt sreat nst lieved ports 1 er o in the third quarter 00008000 P e ntrance 909 F Street—al Ninth 3-Piece Jacquard Velour Bed-Davenport Suite 129 50 a Week Bed-davenport which opens into full size bed, club chair and wing chair, beautifuliy upholstered in jacquard velour. An ideal suite at this price! Deferred Payments i Lt i e a2 (1 bou0m on = % i "m . \ W‘Jlmfl!]W’W!l‘fi]l)fl)”fl’)l.'{llll," 7 = ETEEE 3-Pc. Jacquard Velour Bed-Davenport Suite Chair is covered with fine Fay $8.00 a Month It hard to describe the beauty of this suite. Settee and Club Chair are covered in handsome Jacquard Velour with sides and backs in self- tone Velour. The Cogswell gl R i Mohair Frame Davenport Suite ‘198 Pay $10.00 « Month TaTaraT Ihe cfalius Lanshurgh SFurniture G Entrance 909 1Y Street—at Ninth The beautiful Mohair cover- ing of this lovely Bed Daven port Suite is smartly set off by the Mahogany-fr: 1 top ind base of the lons Settee, Wing Chair and Armchair, Sides and backs self-tone Velour. in