Evening Star Newspaper, November 25, 1927, Page 14

14 ® TOCKS IRREGULAR INTRADING TODAY IMotors in Supply—D0il Losses Only Fractional—Utilities Are Strong. BY GEORGE T. HUGHES. The Star. . Epecial Dispatch to November NEW YORK, suming business stock market course. others were depressed and there Wi Jittle consistenc: ! movements. {"'The only important news v announcement that the new F would be on display a week from to A pudl 0 ‘company earnings in the third q Jter attracted attention. It cont nothing new, but it did present ,£raphic form the unfavor {ihat have attended operations of the ‘oil producers. Each of these develop- {ments, it they may be called such, some effect on the market. Motors In Supply. Motor stocks were in supply from the start. General Motors w affected the most, but the independ- ents weakened at intervals. Hupp. Hudson, Nash SRe perused an has General Motors dipped below 127 as it did toda cept 1 one or two i Jnsses in the oils were only fr Jiouston went off easily. but that not a typical case. made a new low on the reaction. but | Jiere, too, there was evidently some epecial reason for the selling. It was the heaviness in such stocks as Stand ard Oil of New Jersey and Phillips which was significant of the day’s at- titude toward the oil stocks. Texas Corporation seemed to be better sup- | ported than the rest. i | | nees. is The one strong group was the utili the trend i In this part of the li Edison. was still upward. ahove 200 for the firs was the feature. Brooklyn Union Gas, Consolidated Gas, Detroit Edison and Peoples’ Gas of Chicago were also in demand. In the lower-priced shares Public Service of New Jersey stood out. Dividend Boost Tallied. Reports, said to originate in Phila- | delphia, had it that the dividends on Public Service were to be raised, and although there was no confirmation f this story, it did bring buying into the stock. Abitibi Power went along with the rest. Among the specialties International Mercantile Marine preferred, Congo: leum, Corn Products and International Paper were the favorit They did not retain all their gain, but were conspicuous for their strength in an otherwise depressed market. Wall Street Briefs PERUVIAN LOAN.—An agreement has been made by J. & W. Seligman & Co. and the National City Co. with the President of Peru to purchase the first series of $50,000,000 of the Pe- ruvian national loan. A public offer- ing is expected soon. GULF OIL.—Gulf Oil, shares of which are traded in on the New York Curb Market, has 4,414,716 shares out- standing, the majority of which is controlled by the Mellon family. Some reports say the Mellon holdings amount to as much as 85 or 90 per eent. The stock sells around $104 a =hare, which gives it a market value of more than $400,000,000. SAN FRANCISCO BAY BRIDGE.— A new issue of $£2,000,000 of 15-year participating sinking fund 7 per cent debentures of the San Francisco Bay Toll-Bridge Co. has been underwritten for dater public offering by a group | headed by Paine, Webber & Co. The company has been organized to erect. operate and maintain a toll-bridge across San Francisco Bay, connecting two main highways on the east and west sides of the ba: NEW YORK TRACTIONS.—Rapid transit and street railway lines op- erating in New York City carried a total of 2,844,500,000 passengers dur- ing the fiscal vear ending June 30 per cent over transit comm he previous year, the on disclosed today. fiscal year amounted to $153,177.000, or $3,403,000 more than the preceding wyear. The subways and elevated lines reported operating revenues of $97.- 246,000, an increase of §: ,000, while surface lines fell off $1. . HIGH-GRADE BGNDS WELL TAKEN BY INVESTORS Special Dispatch to The Star. BALTIMORE, November 25.—Local | brokers report an almost unprecedent- ed demand for bonds at present and say that any high-grade security is £napped up, no matter how low the interest rate. They point out, as an example, the | offering Wednesday of $45,000.000 of | new 413 per cent bonds by the Public | Service Electric & Gas Co., which will | wipe out securities now bearing 5 per cent interest. This issue was heavily oversubscribed in a brief pe- riod, showing the tremendous invest- ment demand. even for securities bear- | ing a lower rate of interest. i The bonds, which are due in 19 were priced at 98 and interest, to yield 4.60 per cent. CHICAGO LIVE STOCK MARKET CHICAGO, November 25 () (United States Department of Agriculture).— Hogs—Receipts, 30,000 head; better grade hogs pounds down, active: general ma higher; weight 160 pounds down 25 to 50 higher; top, 9.45: bulk desirable 210 to 300 pounds, 9.00 29.40; 170 to 200 pounds, 8.5029.15; 130 104160 pounds, most pigs | 7 7 : bulk light packing best weights, Cattl merci uneven nating; 8.65 or better. —Receipts, 9,000 com- steers very scarce; strong to zher; throw-outs predomi lower grade cows in liberal dy with fat offe s shade shipper bulls 10 to 15 up; veal quality less desirable; best commercial steers, 15.2 few pack- s of throw-outs, show steers, 17,2 al19.00; cutter cows, 00a5.10; mostly ya tsiders, 14.00a 15,000 head; fairly classes steady with Wed bulk, good wooled lamb: shippers active for, better asking 14.25 and bet- ter for choice lambs; bulk of culls a11.00. bulk better grades fat ; vearling., wethers, in 10.00a11 feeding_ I active; all 214.00. grades of Jambs: Jimited supj weight, above 11.00 light supply; bulk, 1 VOTE ON STOCK BOOST. NEW YORK, November 23 (P).— Stockholders of Beacon Oil will vote December 5 on a proposed increase in common capital stock by shares, also on a plan to permit officers of the company and employes to sub scribe to stoc PUNTA ALEGRE NEW YORK, Tunta Aleg mbs in SUGAR. P).— rned November 2 Sugar Co. ~"FINANCIAL, Oven AbItibl Pow(5). 137 8 Abrahm&Straus 117% 117% 117% 1174 | Abr&Stras 7%pt 111% 111% 111 111} Adams E oo 193 198 ‘f Adams I | Adv Rumley.... Adv Rumley of. Ahumada Lead. Air Reductn(17) Ajax Rubber.... i Allled Chem (6) 152 Allts Chalm (6). 1147 Amerada (2).... 29% Am Agricul Chm 14'x 178 atter the holiday the |‘am Bosch., . uneven | am Br Sh (§ Some groups were strong and | am B'Shoe pf(7) 123 as | about any of the|am Brown Bo pt | Am Car&Fdy (8 hed compilation of oil | AmChic pr pf(1) 105+ ar-| Am Drug (80c). d | Am Express (6). 174 in | Am & For Pow. . ble results | Am&Fo Po pt (7 | Am Hide & Lea. had | am Ho P (240). CtV | Am LaFra pf (1) 7> i | | Am Linseed.... 3 | Am Linseed of.. Packard and Dodge | \m\eh&Fy(13) 1 Svere all down at one time or another. | yn ' Netals (3).. Not since the first week of November | Xy Nietals pf(7) 110 | Am Piano pf (7) ional. " Am Radtator (5) Atlantic Refining | am | Christt B (1.20). | only handy | 500,000 | Burns Bros (B). Burroughs Ad 14 133% 131% Byer & Copf (7) 111 Calif Packg (4). Calif Petm (1).. last, representing an increase of 2.7|Callahan Zinc.. Calumet & Ar (6 Calu & Hecla (2) The total operation of all lines for the (Can Dry (13%). Can Pacitic (10). Can Pac 1st pd.. 5 CaseThreshg(6) i | Cent Leath.. : Century Rib M. . : | Century R pt (7) &2 2 e | Cong Cgrs(ta%) | Cont Bak pf (8). Am AgriChpf.. 49x Am Bank N(13). 831 Am Beet Sug ... Am Brown Bov. AmCan (2)..... T2 1043 10019 T Am Chain pr (7) Am Chicle (3).. 15 1061 12 Am Hide& L pf. 5 American Ice(2) Am Internati(2) 5 H Am La France. . i 5 Am Locomot (8) 1074 108 ) | 410 Am P1ano (3)... 86 6613 Am Po & Lt (1) 13 1 0% 6l 120% 3 ! Am Rad pf (7).. tepublic. Am Saf Raz 74 Am Shipbidg (3) Am Ship & Com. Am Smelting (8) 1 Am Stl Fdys ( Am Sugar (5)... 7 Am Sugar pf (7) 108 103 Am Sumatra.... 63 64 Am Tel & Tel (9 1501 JS0', Am Tobacco (8). L AmTobaccoB(8) 1 Am Type Fo(8). 12 Am Type pf (7). 1 Am W W (m80c) AmW Wks pf(6) Am Woolen pf.. 5 Am Zine pf.. e, Anaconda (3)... ! Archer-Dan (3). 60% ArmourDel pf(7) 88l ArmourofliitA) 1l% Armouroflll(B) 6x Armour 111 pf(7) % Arnold Con&Co Asso Dry G (2% Atchison (110). AtlCoast L(10) 1 N AUGUIT& WI.. 3 3 g i Atl Refining (4). 1141 1147 113% 114% | Auto Sales... ® Bte 7 W Autostrap A (3) 46'2 467w 46 Baldwin L (7).. 253 253 251 Balto &0 (6)... 117% 118% 117l 118 Bambgr pfi6%). il0 110 110 110 Bk Comerce 118. 572 B Bang & Ar(3%) Tl's 7l Bang & Ar pf(7) 113% 114 Barnsdl A(b233) 24 zd% Barnsdl B(b2lg) 24's 24 Bayuk Cigars.. 106 106 Bayuk 1St pf (7) 108 105 103 Beacon Ofl...... 15 15 15 15 Beechnut(+3.| 73 3% T1% Tl | Beechnt pf B (7) 115% 115% 115% 115% Belding Bros (2) zl% Zi% % b Best & Co (3)... e 0Tl " Bethlehem Steel 54la 554 54w 55h Beth St pf (7).. 116'; 116" 116% 1165 Bloomingdale... 4th 50% 497 Blumenthal pf.. 56 86 86 Bon AmiClA (4) 644 657 6415 Briggs Mtg Co.. 24 23% British Emp 2d.. 23 4 2 Bkin-Edison (3) 2034 1974 201% Bklyn-Man (4). o7 b5 56% | Bkin-Man pf(6). 8 " B2t B3 Bklyn Un Gas(5)" i50% 152% 150% 152 Brown Shoe (2% 44's 462 44%y Brunswick B (3) 343 343 53 Brunswick Ter. . Buff Roch&P (4) Buff & Susq..... 52 52 2 5 Burns BrosA(8). 102% 102% 1024 102 B ag a8 g 133% 134% Sl 6ol 109 10y 115 115 4% 4w 9 Y 831 834 L1 68% 69 | 2% 224 | T | 93 i 185 Slis Al | { | 1 101 101 51% 51! 38ty 38 ETEN o0 8814 w101 TN 105 104 108 14 145 145 Bush Term (L8) . Bush Ter de (7). 109 Bush Trm pf (7) 115 Butte Cop (50c). 4} 4% Butte&Super (2) 10 10 Byer&Co....... ¥3% 111 69% 2% 1y 984 19% Lig W 6ok 109 115 69 180 515 197% ent Alloy (2) Cerro dePas (15) Certain-Teed (4) Chandler pf(2%) i Chat-Ph Bk(16). 538 542 Ches & Ohlo (10) 208% 209 C&OCorpn (3). 34 Chi & East 11l pt 73 Chi Great West. Chi Gt West pf. Chi Mil & St P.. s Chi Mil & StP pf CM&StPefs.. C M&SLP pf cfs- Chi & Nwn (4).. Cht Pne Tool (6) 131 131 Ch1 Rock 18 (5). 107's 107% 107 CRIL&PDI (6). 1034 1037 1 CRI&PDL (7). 110% 110%: 110 Chi Yellow C(4). 431 Childs (32.40).. 55 ChileCo (2%).. 17% | 542 I w209 14% 2814 90 3015 918 132 10734 1037% 110 90 Chrysler Cor (3) Cinn Sandusky p City Stor A (%) City Stores (B). Cluett Peab (5). Cluett Pea pf (7) 1 Coca-Cola (5)... 1 Collins & Alk(4) 93 u3 Collins&A pf (7) 107 107 Col Fuel & Iron. 754 78 7 Col & Southn (3) 1 122 Col Gas & E1 (5) 4. 93% 93 93w | Col GRE pf A (6) 1084 1081 108% 1085 | Col Carbon (4).. Y63 Com Crpf (1%). 23 Com Cred pf 635. 1% Com Cr pt B (2). 23% Com InTrpf 6% 40 Com In Tr pt(7). 49 Com Solvents(8) 1| Com Powr (2%). Com Power rts. Conde Nast(2). Congoleum-Nair g BL 9% 80% | 1023 1024 102 121 119% 1214 | W1 101 101 | Con Cigars (7). . i) Con Cigars pt (7) 10: Consol Gas (5).. 11 ConsolGas pf(5) 101 ConRRCuba pf 8 71% | Consol Textile.. 3'u 3a | Cont Bakg A (4) 5%y 5 ¢ Cont Baking B.. 6% 1 | i' ol Cont Can (5). 7 7 | Cont Insur () Cont Mont (80c Corn Prod (13) Corn Prod pt (7) | Coty Inc (6)... CrownWP1stpf7 CrucibleSteel (6) Crucible pf(7). . Cuba Cane Sugar Cuba Cane Su pf Cuba Company .. Cuban Am S (1). Cudahy Pkz (4) Curtis A pf (7). Cushman’s (84) Cuyamel Fruit.. Davison Chem. . Deere&Co pf (7) Del & Hud (9). Del L& W (17) Detroit Ed (8).. 9l B8l | 1124 1125 | The Us | 3315 331 1A% 1141 184 139 1665 ended Sep e the e in the vea inst 11 ce cents a sh tember 3¢ preceding s« sh 3914 e 1334 1354 Devoe & R(2 40) Devoe& R 1st(7) Diamdg Mich(8) THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. | Dodge Bros C1 A Dodge pr(7).... Domie Mines (1). Dul SS & Atlan. Dul S S & Atl pf. Dunhill Int (4).. Du Pont (1141) DuPont deb (6) . Duguesne pf (7) stman (18)... Lpf 40% (7) tilec Kefrigeratn Stre Bat (16) KiHorn ..., n-Brantgm(A) John (6). S o 1stpf.. trie 2d pf rie Stn S rieStmS efs 2% ireka(fr41g). armrsL&T (16) ed Lizt(hl 40) tea L&t pr 16). Ked MotT(f80c) €10 Phoenix(4) Fifth Ave (84¢) Eirst NatSi1ty) ©isk Rubber. . leischmann indation Co. . ox Kl A (4). Kreept-Tes 14% jabriel Sn (3 Gen Am Luk4) Gen Asphalt 1l Cable A Gen GasA(ol ) Gen Mot (1713). | ien Mot pt (i) Gen Outdr Ad(2 Gen Ry Sig (5). ien Refrac (3). Gen Ry S pf (6). iiette SakR(15) Gimbel Bros. ... Gimbl Br pf (7). Glidden Co Glidden pr pf(7) told Dust (3)... ioodrich Ru (4) Goodrich pt (7). Goodyear Tit Goodyr 1st pf(7) Gothm S H (214) Gotham new | a Gotham H pt (7) Gould Coupler A Granby Con Min Grt North pt (5) 1 Gt Nor pfefs(5) | GriNor O (1%). Grt Wes S(2.80) Gt West S pt (7) Green Canan. Gulf Mo & Nor. Gu M & N pf (6) Gulf States Stes) | Hanna 1st p, Hartman A (2).. HrLn B b1V % SIK. Hollander & Son Household (7). Houston Vll.... Howe Sound (4). Hud Man (23%). { Hud Man pf (5). { Hudson Mot (5) Hupp Mot(1.40). Illinois Cen (7). Lit Cent pt (6). . Ll Cen Isd It (4). Indep Oil (1)... indian Mot (1% ) i Indian Mot pf(7) indian Refining . ingersoll Rd(15) Inland St (2%).. Inland Stl pf (7) Inspiration Copr LaterboroRap’'r intcontl Rub(1). Internat Agri Int Agricui prior ot Bus Ma (4).. Int Cement (4).. int Com Eng (2) Int Comb pt (7). | Int Harv (J6)... 2 intMtch pf(3.20) Lnt Mer Martne. | Int Mer Mar pt. int Nickel (2). intl Paper (2. int Paper pt (1) Lut Tel & Tel (6) Island Creek (4) Jewel Tea...... Jones Bros Tea. Jones & Lau (7) Jordan Motor. .. Kan City South. Kan C So pt (4). Kayser J (4).... Kelly-Spring.... Kelly Tire 6% pt Kels-Hayes (2 iKennecott C (5) KraftCh (1 1%) Kresge (1.20) Kupenhm pf(7). Lago O1l (75e). . Lambert Co (16) Lee Tire & Rub. LehighVal(3%) Lehn & Fink (3) Life Sav (1.60). . Lig & Myrs(ft4) Lig&MyrsB (f4) Lima Loco (4).. ! Lig Carb (3.60). Loew’s Inc (2) Loft..... . Long Bell A (4). Loose-Wil(1.60) Lorillard Co .. Lorillard pf (7). Loutsiana Oll. ... | LoutsGasA (1.75) Louis & Nash(7) Ludlum Steel(2) MacAndrws 2.60 MeCrory (1.60). McCrory B (1.60) McCrory pf (6). Melntyre P (1).. Mack Truck (8) Mack Trk 2d (7) Macy R H (5)... Mad Sp Gar (1). Magma Cop (3). Mahoning Coal.. Mallison & Co. Mallison pf (7).. Manat! Sugar. | Mandel (2%) Man El Sup (5). Man El m g (d5) Man Shirt (2)... Maracaibo Oil. .. Market St prior. Marland Oil. | Mar Rock(13%) Martin-Pary (2) Mathieson (4)... May Dept S (4). Maytag (13) | MetroG pt (1. Mexican Seab. .. Miami Cop (1).. AMid-Continent. . Middle States. .. Midland pt (+12) Miller Rub (2).. Milwauke Min St P & MStF 3 M 1H(4) Mo Kan & Tex.. Mo K & T pf (6) Missourt Pacific. Missouri Pac pf. Montana Pow (5 Montgmry W (4). Moon Motor. . Mors&Esk(3%). Mother L (5Vc). Motion Pie Corp. Motor Met (3.60) Motor Whi (2).. Mullins Body... Munsingwr (3 Murray Corpn.. Nash Motor(t5) NatBHess pf(7) Nat Biscuit(17) Nat Cash R (A)3 Nat City Bk (20) Natl Datry (3).. Nat Distiilers Nat Distiliers pf 10013 98l Low. Close 18% 697 13% 3 STAR, at Enamel & S. Nat Enam pt Nat Lead (5). Nat Park BK(24) Nat Pw&Lt (sve at Radiator (3) at Rad pf (7)., at Ry Mex 2d. Nat Supply (4). Nat Surety (10). Nevada Cil%a). N Y Atr Br (§).. N Y Cent (8).... NY C&StL (6).. NY NH & Hart, NY NH&H pf(7) NY OntE W (). NY Steam pr (6) NY Stm pr A7) Norfolk South. . Nort & Wn(i10) Norf & W pf (4). NOrAW b1V % SIK North Am pf (3) North 1" Nor Pac ef Norwalk Tire. VIl Well Sup.... Ol Well S pt. Umnibus. . | Umnibus pt (¥). Opubm Col (1) Orpheum Cir (2) Ous Elevator (6) Utis Steel....... Vs St prior(7) swens Bot (CT6) wwens B pf (7). | Pacific Gas (2). 1'ag VIl Stubs. .. rackard (3). ... Laige MOLL. ... van-Am Pet (4) Lan AmPetis(4) Can-Am West B, Canhandie. ..... n (%) Parami-i pt (8) Cark & Liltord. . vark Utah (3ve) 7 xchanse Patlie X A (4).. ratne (az.10).. Ceeriess Motor. Cenick & Kord. . | Cenick&r pt (7) 206 21 1004 anla (1 100% ARG kG T | a2% 107 5314 501 24% | 90 911y 158 4614 7 7 32 w64 490 Bl% rennbix Cuit ) Uenna R IR (3'9) Ceoples Gas (5). Leoria & Last. ... ere Marg pid) vere M brior (5) Lilacob % pEis) Cnila& RCL... { “ninip Morris. .. | vnillps Pet ( ©hoenix Hoslery L1ErCe-ALIOW, .. lerce Arrow pf. Plerce Petrolm. . Cuisbury (1.60). Pillsbry pfi6) rius Coat. . pittsTerm Coal. LOrRICOLODA(7) rorto Kico To B. LOSIUM (0) .aues ressed Su Car. | PrSucarpt (1) | Prod & Renners. | roducers&R pt. Lrophylac B(14) Lub Serv NJ (2) Pub Serv pr (6). Pub SE&G pr(s) Pullmn Corp(4) . Lure Oil T1.37%. Purily BakA(s). Purity Bak B (2) PurityBak pf(7) Radio Corp of A. RReading (15) Reading 2d (2). eal Silk Hos. .. Leid Lo Crm(3) . LeidlceCr pr(7). Kemingtn-Rand. iem-RdIst (7). Kep Ir & Stl (4,. Reynolds Spn; Reynlds Tob(3). Rey Tobac B (b) obt Rels & Co. . Kossla Lns (6).. Rossla Ins Co rta Royal D as.is%. Kutland pf...... St Jos Lead (13) St L& Sankr(¥) . St L&Sank' pr(s) StL Southwest, StL Swn pt (5) Savage Arms. | Scnulte (3%)... Schulte pt (8)... Seabd Air Line. . Seab Air L pf... Seagrave (el.z0) sears-R (nzly) Seneca Coper. Shatiuck I G (2) Shell Un (1.40), Shuber The (5) Simmons (2). Simms Pete. Sinclair Vi, Sinelair pt (8). Skelly 011 (2)... Snider Packg Co. Snider Pkg pt... So Por Rie S(£2) South Calif Ed.., South Dairfes 4. Sou Dairies B South Pac (6) Southern Ry (1) Spear & Co, | Svicer Mrg {SWG&E 3 k1 Std Mill (5). . Std Millg pf (6). 1dOUCal(T2% ) . | StdOIL,NJ (1115 ) Std OIINY (1.60) Sterling Prod(16 Stewart-War (6) Strom Car (2) Studebaker (5). Studebak pf (7). Submarine Boat. Superior Oil. ... Superior Steel. .. Sweels of Amer. Symington Symington Cl A, | Pelautogra (sue) Tenn Copper (1) vexas Corpn (3) Lex Guif Sul (4) Lex & Pacific.. . Lex PC&U(60C). Tex Land Trstn Thatcher Mfg “Thatchrp?(3.60) Lidewatr As Oll. TIdWASOLIDE(6) Tlidewatr Oil 80¢ Tide W Ol pf (5) Limken (75).... ‘Tobac Prod (7) Tobac Prod A (7) Transcont O1l. .. Transue & W (1) Twin City R (4). Underwood (4). | Union Carb (6).. | Union Ol (r234) ! Union Pac (10). Un Pacitic pf(4) UtdCgrSt(Csue) United Drug (9) Utd Drg 1st (314 Utd Frult(16%). USCI1P&F (10) USCLPpL (). U S Distributing US Dist pf n(7). U S Hoftman (4) Alconol (5). Leather w 1. Leuther A.. Leatprpf(7) S Realty (4).. S Rubber..... S Rub 1st (8). S Smelt (3%). USSmpt(3%). U S Steel (7).. us us us us u u u u | Un Leaf Tob (3) Unt Pic Lst pf(¥) Univ Pipe(t2%4) Uni Pipe pf (7). Utl P&LE A (e2) Vanadium (f4).. Van Raalte. .. Van Raalte pf. Vick Chem (4).. Victor Tlk Mch. . Victor cv pf (6). Victor pr pf (7). Va-Caro Chem.. va-Car Ch 6% of va-Car Ch pf (7) Vivadou (3).... Vulean Dotin Vulcan Detin(A) Oven 2% 91 130 [i High 4 91y 316 17% 16313 23 56 116 10874 1167 45 61% 464 1000 imita 101 WASHINGTON, D. C. Low. Close 10002 57 45 €0 464 10045 | mi | veally org | he | of intense inter | in Octobes | vear was reported as $2 | operations of | 10 months in 1926, an increase this FRIDAY. IONES ADDRESSES TISTRICT BOND MEN Stocks Strong on Local Ex-, ‘ change—Pepca Preferred i Shares Hold Firm. BY EDWARD C. CGirosvenor M. Jones, chief of the | finance and investment division of | ‘he Bureau of I and_Domestic | Commerce, Department of Commerce. spoke on “Dollar Loans to_ Rurope | and Thei on the Iuropean Situation, ing of the vear of shington Bond Club 1t the Iotel La Fayette toda Mr. Jones cited the larze volume of loans made in this country to pean governments ind_then reviewed briefly the sub- stantial progress made in the stabili tion of foreign budgets and restoration | of currencies. How long this flow of American capital toward Europe may last was touched upon and the eco- | nomic consequences involved —were | brouzht clearly to the attention of | the hond men The speaker ha joner for the e ed in internat STONE. been a trade com- | Government, h nal banking and | nized the division of which is now the head. His experience made his brief, extemporaneous talk | st to his hearers. The | {uncheon meeting was presided over | hy Winslow B. Van Devanter, pre dent of the club, and the arrange-, ments were le by the secretary I nklin H. The club’s monthly | \therings started oft with marked | Local Sccurities Strong Today. Following the holiday both stocks ind honds were strong on the Wash- ton Stock Fxchange tod First | rading s in hand a bhab; ¥ - neton 6, series A, selling at was followed by a $400 es B issue at 1061, R honds sold up to! s came out | Th in the s - the series Barber & Ross 6 tomac RBlectric Power 6 per cent d stock o) ed at 111 and to The same corpora- nt stock was strong at | There was a 20-share turnov shington Rail preferred at 993, Columbia S: Gravel was strong at 103; 10 shares of Washington Gas moved at 14 ind 1 share of Mergenthaler Lino- type appeared on the hoard at 105. Federal-American tional Bank stock sold at 5. In the unlisted department 23 shares of Raleigh Hotel Co. changed hands at 100. Sani- tary Grocery, Lanston and Chevy *hse Dairy preferred have been add ed to the local issucs quoted ex- dividend. Pepeo Files October Report. The net income of the Potomac Eleetrie Power Co. for the month of October was $240,293.64, compared | with )38.74 for the same month | a year ago, according to the monthly statement filed today with the Public s Commission. climbed 78,747.88 . an increase of $21,206.33. | Operating expenses amounted to $32: 193.69, in comparison with $298,56 howing an increase over last y 0.89. After deducting the operating ex- penses for the month the company’s | net earnings from operations amount- ed to $370,760.52, as against $380,185.08 1926, or a decrease of more than $9,000. Ten Months' Net. $2,357,144.65. The power company’s net income for the first 10 months of the present | 57,144.65, in omparison with $2,030,193.06 for the | similar period last year, or a gain of $276,951 Gross earnings from operations for | 42. 336.26, as ag: i vance of in 1927, Deduction expenses leaves the company a net operating ineome from | 798,006.57, This com- pares with $3,556,400.09 for the first vear of $38,447.41. Heard in Financial District. Charles C. Glover, chairman of the vd of directors of the Risgs Na- | onai Bank, had a big Thanksgiving, | spending the greater part of the day eiving felicitations on his eighty birthday anniversary. president of | ociated Stock Exchanges, will n address before the New Or- | xchange and other Southern financiers next Tuesday night. Walter C. Case of Case, Pomeroy & Co., has been a recent visitor in the financial district, the guest of George Chipman of Harriman & Co. Mr. Case has just returned with the Southern Railway directors from their annual tour of the system. Sales of ordinary life insurance in | Atlantic States showed a iin in October compared with the imo month a_year ago. West Vir- and the District of Columbia led tion with gains of 27 per cent per cent for the month. C. & 0. October Surplus Of. peake & Ohio had surplus 2 for October after charges, 249,694 in October, 1926, but 1 was 7,690, he ahead of inst 65 93t 19% 18% 116% 31% 100 23'% 30% 170 | 20% 2 4% 102% 64 9314 19% 18% 1164 64 9315 19% 18% 116% 31% Wabash........ Wabash pf A (5) Waldorf (1%).. Walworth (1.20) Ward Cl1 A (8)... Ward Baking B. Ward Bak pf (7) Warner Plc A. .. Warner-Quin(2) Warren Bros (4) WarF&Pipe Cor. Web & Hall.. Web&Heil pf(7). W Penn EI A (1) W Penn El pt (7) West P Po (6).. West P Po pf(7) Westn Dairy A.. Western Dair West Maryland. West Md 2d of. Westn Pacific p /est Union (8). Westhse A B(2) Westinghse (4). Westhse 1st (4). Weston Electric. Wheel & L £ pf. White Eagle (2) White Mot (2) White Rock(i3). White SM pf(4). Willys-Overland Willys 0d pt (7) Wilson & Co. Wilson Co pf A Wilson & Co pf Woolworth (5) Worthn Pump. . Wright Aero (1) Wrizley (13%). Yale&Town(75). Yellow Truck. 30% Youngstn Sh(5). 874 87% Hourly Sales on N. ¥. Market. 585,700 12 m. 1,060,000 1,872,200 al cash puyment art-riy or nalf vear! Unlesa « therwise noted. extra or special di Jends are not_ineluded *'Unit of trads ¢ Partly axtra ble in _common stgek a Pail this e hien oer cent ‘n common stock. nagable 3 % quarterly o Plus £% n stock | Pay: abfe” shen “earncd, » Pavanle in caeh or stock. [ Plug 10% m stock - Plus /60 Shara in stock I 2lus 1 a share i speeial stock + Plus 6% in stock i Plus 2% °u Stock Kk Pavahle 1740 of a share anarferly in_Class A stock mflus 8% in “stock. 0 Partly stock b Plus ~:\in prafacred stock. o Plus vue halt ol comaion stock. Pay. Y Plus 2760 in —nireznlar rate. | NOVEMBER [AUTO TELLS OWN smmr.; 25, 1927. PRICES GO HIGHER IN COTTON MARKET Relatively Firm Cables and, Notice Expectations Have Bullish Effect. EW YORK, November 25.—The cotton market opened firm today at | n advance of 12 to 19 points, active months selling about 2 29 points ‘et higher in early trading in re- to relatively firm Liverpocl and tations that wtices i st December con ts in the ma wonld sromptly stopped. the notices placed in cented hetween 17 of 30 repre- 000 and 195,060 the | be | FINANCIAL. Commodity News Mo, November 25 (Spe- ial).—The entry of the American \fetal Co. into the tri-State zinc mar- ket has resulted in an upturn of price I'he company is taking a large quan- tity of both coarse and float concen- trat _JOPT. The Monarch Mills 1,000,000 in preferred k January 1 and put the outstand common on 4 per cent basis. he company operates 160,000 spindles wnd 4,000 loom: HELENA, wool from M n totaled crease of 71 espondi e sales Mont nt Shipments th of past sea an cents L pot New b [ i W i eoming pin. but it i< believed the | peint iy | Mahoning Valley steel st FORT WORT production in hales, but large spot inter=sts w redited with buying December freely | 1t about the recent di s, com- pared with later deliveries and the near-month liquidation was readily ahsorbed. The firmness of Liverpool over the tacal holiday was attributed to con tinental and Bombay buying, bined with trade calling. F said there was a cloth demand although impracticable he market subsequently ed off | a few points and trading became quiet 1s the liquidation of December con- tracts subsided and January sold down from 19.84 to 19.74, under compara- tively small offerings. At midday. the | market was quiet and steady at net advances of 15 to 19 points. New Bond Issues NEW YORK, November 25 (Special). —Offering is being made todav of an sie of £4.000,000 Department of An tioquia (RRepublic of Colombia) 7 pe: vent external secured sinking fun zold bonds, second series, dne Octobe 1, 1957, by the Guaranty Co. of York and International Acceptance Rank, Inc. The bonds are priced at 94 J. & W. Seligman & Co. and the National City Co. have agreed with | the President of Peru to purchase first | series of $50,000,000 of Peruvian na tional loan. Public offering will take place withia the next few days. | Public offering iz expected in the near future of an issue of $4,500,000 10-year 515 per cent sinking fund gold | debentures of Crowley, Milner & Co. by a banking group made up of the | Detroit Co., Inc.; First National Co., | of Detroit, Inc.: Guardian-Detroit Co., | Ine.; Merril, 3 3 Highie & Co. and Nicol-Ford & Co. The bonds mature November 1, 1937. Award of the $1,658,000 in 3% cent Dorchester Rapid Transit honds, | payabie December 1, 1972, and §: 000 in 315 per cent serial bonds 1928 to 1947, was made to a ing group made up of Stone & Web- ster and_ Blodget, Brown Bros., im.mn & Sanger, Eldredze & Co., F. S. Moseley & Co. and . H. Rollins & Sons. STATUE OF CHARLES | Official Inscription Placed on Me- morial at Charing Cross After 250 Years. Correspondence of the Assoclated P: LONDON.—For 250 years Charles I has sat on his great bronze | charger at Charing Cross gazing down | Whitehall at the spot, where he lost || his head, and unidentified so far as inscriptions are concerned But at last, on initiative of the Royal Martyr Society, the office of works has consented to the fixing of a tablet, with names and dates officially approved. This was agreed upon chiefly for the benefit of the increased | number of tourists, from the prov- inces and abroad. who pass the statue every day and who, from their guide books or otherwise, may not be able | to identify the unhappy monarch as | he sits majesically with bared head. Charles' statue was cast in 1633, but | the Civil War broke out before it had | heen erected. By order of the Crom- | wellian Parliament it was disposed of at *junk” and stood in a shopkeeper’s | zarden in Holborn until the Restora- | tion when Charles II ordered its erec- | tion near the site of the old Charing | Cross in Trafalgar Square, where it | stands today at the head of the fa-| mous thoroughfare flanked by the ! principal buildings of the government. | | | Machine Shown in Paris Equipped | for Selling Talk. Correspondence of the Associated Press. | PARIS.—An automobile that talks is the latest boulevard sensation. Strollers ‘admiring a chassis in the showrooms of one of France's most popular makes were startled to hear a hollow, grating voice coming from the entrails of the machine. “Before you, you have the famous Bl4 1928 model,” it said, and proceeded to reel oft a fine line of selling talk. The management claims that the phonographic salesman is bringing more business than any two living ex- perts. It has the additional advantage of costing nothing, for the makers of the phonograph are only too glad to provide it free for the sake of the pub- licity. e MAKES DANCE POPULAR. | Prince of Wales Introduced Yale| Steps in London. Correspondence of the Associated Press. LONDON.—The Yale Blues has| shoved the Heebie Jeebies and all other dances off the floors now that the Prince of Wales has taken it up. The Yale was introduced here months ago, but it did not exactly click in all society circles until the news got round that the prince liked the newest American step, and then it immediate- ly _became the rage. New dances for the Winter include what 1s known as “the rhythm,” a new kind of dance for the English public. Several of Its steps are marked by heel taps. Unlike some of the other modern dances, it Is considered to be graceful, TREASURY CERTIFICATES. (Reported by J & W. Sel Rate—Maturity, 5 Dec Mar, FEDERAL Lufi) BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) ‘Aprox. Rate—Maturit Bid. Vield e 3ay 10T 024 vield, No * S SRR Basalt, one of the common rocks of earth, is lacking on the moon. New | to yield over 7.48 per cent. i per | " King ||| week was 441085 bary the previous wee | barrels. | DECLARES TWO DIVIDENDS | NEW YORK. Novembher 23 (@) | imperial Tobaceo Co. of Canada, 1ia ondon. declaved a final dividend « and an 1 rim dividend cent, both payable Dec REAL ESTATE LOANS 5% FRED T. NESBIT 1010 Vermont Ave. Main 9302 | Money to Loan ‘ ~icured oy first deca of trust o rear eat | te Prevailing_intereet and comm Joseph | 0 Wash 1. & Tru e 91h & F AW Mortgage Money Loaned | at Low Interest Rates Economie Condittor.. /| Tyler & Rutherford Loan Corresp Henetts e Ina Co. 1520 K Street Main ~75 MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE | 1104 Vermant Ave. Decatur 1681 —— SAME SERVICES GIVEN —to large or small dealers: 100 share or odd lot units Let us aid sou in vour investment pians WRIGHT, SLADE & CO. MEMBE] 1 York Stock Erchange York Cotton Erchange Chicago Board of Trude 100 Share or Odd Lots Connecticut Ave. at De Sales St. Telephone Main 1581 Money Available for ' FIRST DEED OF | TRUST LOANS | | | Reasonable Commission | Prompt Replies to Apolications JAMES F. SHEA | |‘ 643 Louisiana Ave. N.W. 7 R R R R | We Will Finance Your First Trust Loans To Run 5 Years No Curtail 5%% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 1433 K We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- |, tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. For Investment— Buy and Keep Cities Service Common Stock In its 17 years of growth net earnings of Cities Ser- - ice Company have been over $200,000,000. In the same time the Company has paid dividends totaling more than $90,000,000 in cash and stock or the equivalent to owners of its Common stock, which at it present price gives you a net yield of over 8!4% on your money. Send for Annwal Report 501 Southerr Building Please send me. without obligation full_information Citiy v ice Common s!cck’:bm“ Ity e Name Address Washinetor D. 17210 LOANS | WE FINANCE —all *asses 01 income-oroductne nropurty Large Loans a Specialty Current interest rate and commission Higbie & Richard: I 816 15th St. .\:‘v,.n’ T In Nearby Virginia 5 l /2 % Prudential Insurance Co. Loans Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 Buck & Company BROKERS Established 1916 Stocks Bonds Grain Cotton Write or cali tor weekiy m ket letter SR No Obhgations BUCK AND COMPANY Evans Blde 1120 New York Ave. Eranklin 3300 APPLICATIONS iNVITED Firs: Mortgage Loans On Improved Real Estate —for three or five vear terms at prevailing interes Washington, D. C. Character Loans The Services of “Your Bank” Are_Available to All Federal Empioyes. Gives o $1 £92.00 S138.00 S184.00 $230.00 6.00 $368.00 $460.00 When you repay the loan you will find a substantial sum’!o your credit at “Your Bank.” Departmental Bank “Your Bank” Under U S. Government Supervision 1714 PA. AVE. N And When Loan is Paid You Also Have $25.44 A Monthiy Pays 4% on Savings Accounts Cofitinental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER. President Capital $1,000,000.00 MORTGAGE BONDS Il 1 Insured Investments! { and 62% Here is your opportunity to invest in Mortgage Bonds, the safety of whose principal and interest is guaranteed by a strong surety company. Safety of funds invested in these bonds also guaran- teed by the Federal Secur- ity and Mortgage Com- pany, and adequately se- cured by real estate trusts. Deferred ranged. 6% Please send me more information about Insured Mortgage Bonds. payments ar- Available in $500 and $1,000 denom- inations. Maturi- ties 1 to 10 years. Name .. Address FEDERAL Security & Mortgage Co. MORRIS CAFRITZ. President Capital and Surplus $750,000.00 1412 K Street N.W. Washington, D. C.