Evening Star Newspaper, November 22, 1927, Page 16

1 6 1927, " SECOND NORFOLK BROKER FIRM IS IN BANKRUPTCY NORFOLK, Va,, November 22 (#).— Receivers appointed for J.| Leon Wood the second Nor- ————e - folk broker firm to he thrown into bankruptey in two month SHIP SERVICE TO MIAML Valuntary petitions were file BALTIMOR Novemh r 2 | 1 Wood and Charles C. an | clal).—A new express and as J. Leon Wood & Co. and duration B R as individ No estimate of the st nger service between F amount of failure could be ob- and Miami started with the tained. today of the Merchants & nsportation Co's new steamer In addition indard Ol cuum Oil Co - of the Standar anged t Russian vear pure to the purchases of New York, of New York, & mem- | Oil_group. has huy about 225000 tons of rly for fating for a STRIP PRICE SHADED. NEW YORK. November 22 (#) —The price of $2.10 for steel strips in tk tisburgh district. 6 to 12 inches wi shaded $2 a ton. Strip mills ire operating at 60 per cent of c October shipments are ahend ptember. WILL BUILD RCFINERY. Union of South Africa (#).—The Durban Oil Refining Co. announces the beginnin« of operations immediately A re finery costing £ 750,000 (33.750,000) and X 2,000,000 gallon tanks will be ected e m W nd s ne {onat 400 Af1 Lobos pf ... 1100 Cont il 1 | 1400 Himble 6i1°& & oo B L 100 Imp O Ca oo i 0 Liter 1 00 Nat Transit 6300 Ohio 01 200 Pragric 0 & G0 Following Is the list of bonds and stocks traded in on the New York Curb Market tod by Sales on Cole INDUSTRIALS n hundr H NEW YORK, Novembe () ~The Mmm A into a contry wt for the pur- "hiz will bring the impany's total Rise Resumed When Bears T o Ve e i THE EVENING STAR, WASHINGTON, D C., TTTT?QD \Y. \OVT'\[T‘TT’ Dfss STANDARD OIL CO'U JERNS R[A“ZWG ISFEL] | NEW YORK CURB MARKET {[}[]fl[]N RALLIES *Contr-~r russian Fuec Received by Private Wire Direct to The Star Office | : ; < November m ~The chase of 360000 tons of Russian oil o perfod of six yvears. purchases of I:H:\i.’v" .hH )n' J|l'lnul Fail to Get Following. "I.:r”,!.rv"\,."']“‘\“;;;'!..,-:u.n;\-‘,'.‘..:.‘n‘.» i ovember Features in Bonds. NIl theee contracts [ sitee tast December over the protest | T of the Duteh Shell group of Fu T Price-Fixing by Trade and ) Lot Re Covering Tend to Offset 100 Son Penn i B | Liquidation. 1 Amn Bk B ElF Vi “vanamid ATl parents believe in heredity nuntil * children begin acting like idiots llIIIIII|IIIIIIIIIIIl|!I|IIIIIllllIlIIIl|!IIIIIIIIIIIIIIIIIIIIIIII||IIWIIIIIHlIlIIIlIIIIIlIl i 2003 0 Ohia'n ONDS By the Ass ]' NEW YORK Mton market op | dectine of 13 to 1 months showing net los points in carly trading under | tion by some of vesterday's and Southern selling sold off to 1999, and May L hut there was some price by the trade well as coverine these fignres, and a good part of § Am Amn DS Am Gas & Am G & Am Am 1, & Tia A Amn NG Am Pow & 3 Am Raven Drod Am Rolling M i Am v oid o Am Am R Am r1onhd on Ark L& B opfd 10614 At Corp. e 5O 3 Aes0 Gas & EI Plywood B BY WILLIAM F. HE Spegal Dispateh to The Star, NEW YORK, November 22.—Recent industrial favorites on the Curb Ex- change were called upen to absorb | rather heavy realizing sales at wvals today. There were hrief per when the selling side appeared to be getting the upper hand, but when it alized that no liquidation of pee was coming upon the market. operations for the rise were e wed i The oil stocks were not as promi | rent as on previous days. but they | i::’ I Loy | showed their ability to maintain their | LA = BOMESI | improvement. In_several instances| MBI 0 el | | ERNAN. ovember 22— easy today points, active 16 1o 22 liguida buyers 1 Am e & L 1oy S0 am Pow & 1 T Am 1 Al Kl Ba a8 : ) 2 ATk D L i B v 138 Sim i 60 5 0 AU Front S o Tabeock & i L |0 italy Corp. . 124 5 : | the loss was recovered by the end of | the first hour. The early selling wag promoted by relatively easy Liverpool cables which were probably rezarded | indicating that the hullish view of inn [ had heen dis- nted by the vesterday fvate eables said yesterdav's ad | var had attracted izin Jiquidation in the Liverpool n hut reported a larger cloth busines than recently, although at poor prices. | Trading was quict later, with the tone about steady, although bulkes trom the opening decline were fully maintaine Trade buyine evidence at (b it tape the advanees which appeared to wrther liguidation 1w, Liguidation of De. ued, but was mostly in withont much chang between months. holding are 10 to 12 points 111 to 1 deb 115 12 Bohn Alum den_ Co o Boct &N 5¢an Nat § Caro T & prices were carried up substantially, | 1 i S Ry Jdvinees the cont 1 demand beinz b 20 Serd the much-talked-of special 18It Sery s tinns to be paid out of cash surpluse lineis Pipe Line, at a new around 179, was a case in poir Ohio Oil at its previous top was & other. S Stan “elluloid elotex “elotex Co, ent_Pip ¢ D100t s AT Con G Balt i Cons Tex ard of Kentucky 15 Contl Oil rd of Kentucky. which not shared proportionately with others in a stronz cash position. was carried some 2 points above vesterday’s final, | Nx G ; |0 while Indiana continued in demand| "3 (m P& 4 : : . |s ahove 80 H 1 Consol Laund N “Whim Tlen 1 Chie ‘b ithern iber con switche S [in e differenee day Jannar | 19.87 and May | net lower. TRADEINTURKEYS SLOW I MARSET Offerings of Retail Chain Store at 49 Cents Big Sur- | prise to Wholesalers. oring continued | appreciation in special issue ' numerons reasons for their side, but in mand was based , vresent and | price Advane ac ities on the buyi most instances the d upon improved ear: prospective. As bad heen the case on days. there were several noteworth: incidents in the bond division The new Hygrade Food Products 6s con- tinzed the outstanding feature ad- vancing sharply into new high ground around 126 against the previous clos- ing of 1201 and the subscription price of 991, Their strength, of course, was due to the conversion privilege and consequent upon the high selling xvrk‘e of the stock. Such spectacular price appreciation naturally eliminated the necessity of banking support and it was reported that the syndicate had been dissolved vesterday, the bonds were dealt in in the open market Allied Packers 6s Weak Fvidently there was some special | reason for the wes Alled Packers 6s, but no information was | obtainable to account for the con-! tinued liquidation. Nichols & Shepard 6s, also carrving a_conversion priv flege, continued higher. Shubert 6s were moving forward in sympathy | ith strength in the stock. Public_utilities were for the most part higher, with special strength in American Gas & Electric. at a_new high for the vear, and Electric Bond & Share, up more than 2 points. Houston Gulf Gas stood out nently among the low-priced gas com- pany stocks, rising more than a point to 11 Profit-taking sales held the market for Atlas Plywood in check, but most of the recent improvement was main- tained. According to official estimates. earnings for the latter half vear will | equal those of the corresponding period of 1926, when $i.11 a share was reported. was 0.21, or ibilicr rart 10 Mot R & Shon 1B & Shon Cof Invest Ine PEI ontl War VP 't W £ Hood Rub 01 lverade ¥ Sld Ol & 1 Firestone 16 India P&L 1, Flor Po rhan Co ‘AL .. 16 Fox Theaters ‘A 2 Freed Eisem R € 4 Freshman Chas 1 Fulton SvIpho sarad Corp 8 Gen Ba 5 Manito P 3 Mass Gas and Stores a pid. 1 "1 i 1 in & Die Jf several thousand turkeys NEW MAIN OFFICE houses of a_chain stors concern yesterd. it 49 cents a pound vetail, came as a complete surprise to \lers and consumers, the price bei several cents cheaper than whol prices in most quarters. | It had been stated that this particu wonld lowest prices for nksgiving holiday trade, and ted. many of the patrone al W bought from other dealers es as high as 60 and 65 cents a Offer| busine BUILDING The Washington Loan and Trust Company cordially invites customers and the general public to visit and inspect the new offices of the TRUST REAL ESTATE SAFE DEPOSIT AND FOREIGN DEPARTMENTS in 24 Nieh & Shhep s INS DM G 5 0hi Pow 41 Tntern 11 B Thiern Tl ot o Tohna-Man n e Bros v adles Mill eat Stores | Kruckas & Kru . promi- A I ia% | pound. ]xv;i‘ l;”? ‘n 3 1 :‘\A Ot Co b 2% \ 1 Manv ] + EE VIR A 8 Bem oy from the country. the latter on the so- 3 e ca = called_country line at Center Marke were holding their prices at 60 and 65 but trading, it was poultry dealers and haulers Arms ofs L 170" Sales! R L Schuite RE Gs X ShOW&P dlys A 41 Snu j Leon F P Muel 4 MeX & L 1, Libbey Ow Sh’G1 3 Lone 1l Lt v Magnin & € Marmon “Mot 1 Mass Gas Co 10 Mavis Bottling 3 Mend, Johnson. | I M Anoa e 7 Mesahi Tron 2 Metro_ Chain Stor 5 L 5 B Mot Stores A . i S i, B« TRV repor | Warmer weather today may have fts effect upon the turkey market in the matter of reducing prices tomorrow, Wholesale dealers reported no change in prices this morning. quoting prices quoted the past few days, 35 cents be ing the top wholess Live turkeys we 42 cents, and dress 50 cents, very few de going as high as 55 cents. Toda Wholesale Butter 1-pound s packed, lected, ent receipts, PR A S .lvlm L1068 Wall Street Briefs REPORT. loans ordi by the Fed- WILL DEFER LOANS' —The report on broker: narily issued on Thursday eral Reserve Bank, will not be made public on Thanksviging day, but on Friday afternoon. | ERIE RAILROAD.—October sur- plus of the Erie Railroad system dropped to $930.338 from $3.770.2 in October, 1926. Gross income was $2,129,199. against the 10 months th 2 against $19.981,910 in the same period Surplus for 10 months was 12, compared with $6, 90 a r ago. AMERICAN BRASS. — American Brass Co. has advanced prices one- quarter of a cent a pound on nickeled silver materials, including seamless tubes and serap, and copper products, except copper wire and cable. An ad- vance of three-quarters of a cent a pound was made on yellow brass pipe. YOUNGSTOWN SHEET.—Youngs- town dispatches say absorption of trumbull steel may be the next step in the expansion program of Youngstown Sheet & Tube Co. Such a step, it is said, will give Youngstown Sheet & Tube the strip steel capacity it lacks, especially in high-speed roiling proc: 01 Wi 1001 nd 6 tee o ZUn Bisam T Prices. prints, —in the addition to the Main Office Building on F Street at Ninth, which has been under construction during the year. g Rub 63 <ner Br_nfd Rub 1) ng P Ser nf. 100 a g P Ser'pIn 1031 and mediu 3 chickens 18 These departments will remain open from 5 P.M. until 9 P.M. today and Wednesday to give all an opportunity to view the new and beautiful quarters provided for the transaction of business. T i ducks T Sta P ¢ TSt R 100 rthe Pow n.. chickens, 10007 18 Spring 20; ducks, eapons, Keats, 80a90. kille IIAH»(‘ shoul- 14 smoked 17a18: strip hacon, 24; lard, ; lambs, 13, and Vegetable Revie Today's market reporg on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economi Appl upplies moderate; moderate, market | ington, medium fancy, Delicious, B s, 3.00a3 round 3.00; bushel baskets. classified Grimes, 2'4 inches up, 1.60° Pennsylvania, 2% inches up, un \mm] Staymans and Black Twigs, 5 inches up, 1.23a1.50; O'F 65 nid N 1% Penn O E p_pfd 10015 1 Pean Drug Store 3 ° E 1 T 1 Philin Morris ... 10 ; : s 11 Picely Wigely 1 N : 1 101 1Pitney Boe P M 61 B i 3 Pitts &_Lake }un 3 Potero Sugar wi mb C_55% iamble T, o ofd mburg St demand to times as big as SAN FRANCISCO Rome Virginia c.. 2 Silica Gel vie .. 7 Singer Mf Ltd 1sou Cal E A pf *Sou Cal E B pf. 1 gou Gt Tl A p ot — Congress| a share in 10 pinst $4.98 corresponding 1 Cigar Co. earned $6. months this ¥ ghare in the period. ben York Danish pplies moderat moderate, market dull: New. 181 ‘i wcked, per_hundi CURB SEAT.—The New York Curb Market membership of the I Tlogers was sold for §34,500 veste to Robert E. Horton, an incre: $300 over the previous, tran 1 Stem Bloch. Bloch pid.. 4 o, Mot v 1 Tampa 2 Tob Prod Expt.. i @ Stin B 10 Swiss G 5 Tyrol Hivd 1 ln Bl Ser 7e A0 Tni St W 61,8 A dividend 1.00a1.15; South Car vointed type, fow ery—Supplies libe market slt“u]\" 002,95 ¢ . best, 4.7 and condition Supplies mode market steady crates, Teel 4-5 dozen, 4.5( : Arizon s, Teeherg type, 4 r quality and condition, 4.2 s 4.00. Supplies moder moderate, market stead 100-pound s; Mlows, o Mol iGmin Keeps Within Range—Argentina Situation nw!m‘l::nil\- It L .:!i.-m Is Watched Sharply. 1. large mos! | around 1.55, Potatoes U Potatoes—Supplies limited | mode; market unsettled : Iy r; Pennsylva ] roand whites, U. Michigan, 150-pound s, 17 No. rers-— Suppl mand moderate, lorida, pepper o String beans--Suppiie mand moderate, market dull and weak | Florida, i -bushel hampers green, | hest, 2.00; fair quality and condi | tion, 1 South Carolina, bushel hampers green, ordi Al ity and condition, 73a1.50, few hizhe Tomatoes—Supplies light; demand zood for good stock, market firm; Cal iforn ripes and tur wrapped, A3.75. few higher: 10-pound baskets hothouse s sales, 3.00, plant—Supplics ite, market at INTERNATIONAL PAPER.—Inter- ans Liix Pict. | national Paper Co. has bought 1,000 square miles of timber lands along the basin of the Restigouche River, chiefly in Quebec, and part in New Bi i nd a new mill to have initial capacity of 200 tons of news- print daily, will be built in New Brunswick Tidewater. The mill site permits nsportation of raw materials_entirely by water for nine months of the year. SOUTH PORTO RICO SUGAR.— About $£3,000,000 of the total $4,000, 009 South Porto Rico Sugar Co. firs coliateral mortgage 7 per cent bonds originaily issued have been hought by the company for redemption. Lettue moderate PRICES HOLD STEADY IN WHEAT DEALINGS Californi; ok Ehe - Found Bis Ama wi. i mp willoi den Narrow | w York %« DUNLOP CITY x Throughout the world the productive Dunlop properties cover so vast an area that—if combined into one place— they wonld form a“Dunlop City” of over 100,000 acres. at tr: By the Associated Press. CHICAGO. November 22.—Unusual ireta Rt it steadiness showed itself in the whes HELLAC MARKET.—Virtually all o0 & § V1 market early today, price variati Shllae e W ioitia ket e | T et A keeping within 15 of yesterday's fin- | been put under contract, says the Oil, | MINING STOCKS ish. Traders were watching Argentine | Paint & Drug R : crop developments sharpest and in | xplora. ... 3 particular reports that weather in hehalf of the li o Chiy &N g el : market, since the short crop suggested | er B 0 1 j 3 parts of northern Argentina is unsui- | Opening at 1% the probability of rp advances in Cop Mines able for the harvest pri in London e down decline to i advance, wheat con to about 9,000 packages, of which a tinued inside the initial range. Corn Jarwer part is owned in this country: and oats were also steady, corn start- pments to the United States from ing at off to 1% up, and fuctu tta continue to dwindle. Prices ating but litile. Provisions tended to are strong in all markets. advance Tending to wh alues| GENERAL BRONZE CORPORA. today were Arge vices cold | TION.—Negotiations have been com | weather and rain were acting as a pleted for a merger of the John Pol § - i hindrance to the cutting of wheat in chek Bronze & Iron ( and the i Vass 2% Y the North. There were also reports | tenaissance Bronze & Iron Works, current that the crop in Central Ar and a new company, General Bronze | gentina ix backward and that pro-| Corporation, will take over the com- | duction in the South depends on the | bined business as of October The | extent of henefit by re ains. consolidated company, it is said, will fancy, 3.0 Meanwhile, Washington n su- | Ly be the largest concern in archi gested that Furopean wheat imports | quash — Supplies 1 tectural bronze industry, with two nt; demand | this seasan are likely to appratch | mederate, market about steady; Flor. large plants in Lons Island City. ancy white, 3,00 ¢ vellows, 2.00, t lnst ve record dfiguves, it wheat [0, TERNCE KR en fncy continues ble at no great ad-| bushel cra an PRESSED STEEL CAR—The quar- aiiiely e M ehul i T Cucumbers—Supplies very light; de terly dividend of 1% per cent on the | “Unfavorable husking conditions in| mand it market dull; Florida, | preferred stock of Pressed Steel Car ! the corn belt did a good deal today to | sauare bushel crates, fair Co. was declared yesterday, payable 1keep corn values relatively ,i,.,“{ yndition, 4.00; choice, December 31, but to holders of record Some Towa dispatches sald corn was| 2.00. November 22, instead of to holders of not turning out well, and would m] record December 1, as hooks close No- vember 22 for a special stockholders’ | hardly enough for local needs, Parts of M uri 'nt word likewise that | meeting December 12, and do not re. open until December 13. husking returns were 10 to 20 per | NICKEL PLATE cent less than expected of the New York, Chica RUBBER UNCHANGED. (Nickel Plate) fell to $330,004, from : o% » 116,483 in October, ‘And for 10 h'h--)lvalkrl‘o i nths_this vear to $5,017,880 from | sheets, remaincd unchanged at to- in the same period of 1926 ¥'s moon quotation of 38 This e e compares with 31% a month ago and demand | nd slight pound Great size brings great responsibili- ties. To protect the good name of “Dunlop City,” every set of Dunlop Tires must be uniformly supreme. ITH all its greatness, San Fran- cisco occupiesbut 26,880 acres. “Dunlop City”—with over 100,000 acres—is more than four times as big! hundreds hout ey, libe 3.00. The manufacturing advantages which Dunlop’s great size have brought, make this quality possible— at lower prices than ever. And Dunlop City has grown for just one reason—the uniformly supreme quality of Dunlop Tires. in Ohio. . few IR light; dem You can expect more of Dunlops. Sales in INDEPENDENT 011, ut steady 1% con oun | A S e ) Creole 'S Oil of Pa.. i1 fiston Gulr & Intercontl Pet, DUNLOP TIRE AND RUBBER COMPANY Warebhouse, B & 0 LOADINGS DROP. MORE fuced November ctivity in the along with the ich to do with the | of the Balti | —October surplus 0 & St. Louis sssion decline in more Ohio. aperating revenues w than last year, the Baltimore & Ohio Jonded 43.450 fewer cars with freight in the four weeks ended October 29, a decicase of 13.5 per cent. deps (Spe- ribhed 1307 L Street Northwest ~ Washington, D. G, TELEPHONE MAIN 500 . 15 nelin o 5 5 ANDARD OIL 1SSUES, 200 Anglo Am 01} 3200 ALl Lobos bl 4, | \ | 105 100, 39 & pear ago. & »