Evening Star Newspaper, January 25, 1928, Page 12

32 . SPECIALTIES RISE IN CURB TRADING Bull Operations Elsewhere Checked, but Many Shares Resist Selling. BY WILLIAM F. HEFFERNAN. Special Dispateh to The Star. THE_EVENING STAR. WASHING _TANUARY 25, 1 928, ,NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of stocks and bonds traded in on the New York Curb Market today: Sales in INDUSTRIALS, i igh. P etol Prod A.. 30 % o Py Aer 4 Low 30 | 1 Darby Pet E Salesin. STANDARD 11 1881 A ¥ umits, \ PRICES G0 HICHER Market Rallies From Early Sag on Covering and Trade Buying. By the Associ Presa, NEW YORK, January The cot- | ton _market opcned steady today at a N COTTONHARKEY RE ANALYSIS. What Ts Buck of Euch Share. ror share LLS116.0% | Weakness in Stock Market Also | By the Associated Press, WHEAT HAS SETBACK | ON LIVERPOOL NEWS Has Bearish Effect on Grain at Chicago. CHICAGO, January 25.-—-Something of a sctback in wheat values resulted early today from weakness of the New York Stock Market and unexpected de- clines of wheat quotations at Liverpool. Corn declined with wheat and on ac- count of favorable weather. Starting at | 'ac to e off wheat later held near | o y ‘,h/“’?uw&w'«?‘w e Yos) i | AR The Ambassador of Good to the initial range. Corn opened U4 to %alyc lower and subsequently de- clined a little more. Oats were easy. Provisions likewise fended downward. FAIR PROFIT IN CATTLE | SEEN DURING PAST YEAR i* | decline of 4 points to an advance of | | 3 points. Recent selling was continued, ad Am ROl M ¢ 4 probably promoted by the relatively 1A S gt TRt e 2} easy showing of Liverpool and some | AAm Suvernow A X 0 Ind 1T 11 | January liquidation, owing to the circu- Iation of a few notices. Active months sold about | points net lower after the call, but the | | decline to 18.06 for March and 18.14 | for May, brought in covering and trade A on P Am Relline M1 Am ROTN m M rts wi NAW YORK, January 25.—Opera- tions for the rise received an abrupt | check on the curb exchange today This was the natural sequel to the| Chicago Federal Reserve Bank's action | in advancing its re-discount rate to ¢ per cent. However, the significent/ incident of the entire proceedings was 6261 | - =1 i Am el cam- \ 3 a0 Frut i catendar Thywoad | Auto Report Octaber 18, 1007 in first hall of sear not up to the indifference of certain ppols to this warning signal. While the reserve bank's actio found its reflection in rather heavy liquidation in most of the list. a num- | ber of speculative favorites were pushea sggressively into new high ground. he outstanding feature was the un- precedented demand at new high prices for Lehigh Power securites. | Word was passed around of a forma-| tion of a powerful pool for the purnose | of exploiting the possibilities of this stock marketwise. There was lh?lr highly favorable report recently pub- lished on 1 earnings. and the rumor gained headway today that plans for| expansion call for the absorption in the of another important | cks Newmont, after 1o the previ-| ie metals was pushed | forward to & new high, while Golden | r feit the effect of heavy profit-| kin Sn(‘:h issues as Kroger Stores, Johns- Manville. Bohn Aluminum and Ameri- can Rolling Mill were under pressure, ut recovered from the early lows. Considerable significance attached to the further rise in Royal Baking Pow- der. At 270 the price compared with the last previous sale of 261. Accumu- lation of the stock over the past month or so has been carried on by those who anticipate a recapitalization of the financial structure which will call for 8 split up of the present shares into smaller units, and the possible listing of the new stock on the Stock Ex- change. Le:lgh Coal & Navigation showed its ability to resist the selling pressure and went forward to a new top at 123. The oils were activelv dealt at slightly lower prices. Atlas Plywood sold at its high- est on record. reflecting prospects of increased earninzs as a result of the present plans for expansion of plant activity. ‘WOOL MARKET FIRM. BOSTON. January 25 (Special The wool market remained firm toda: although the volume of business was somewhat diminished Medium and fine fleeces were having a good call, with all territories in strong demand. Pine territory was quoted at 1.15a1.20 clean basis, French combing at 1.10a 1.15, half blood at 108a-.12, three- eighths blood at 98 to 1.00 and quarter blood at 90a94. Fine Ohio fleeces were quoted at 50 grease basis, and half blood, three-eighths blood and quarter biocod at 50a51. COAL OUTPUT DOWN. NEW YORK, January 25 (#).—Pro- duction of bituminous coal in the United States during the week ended January 21 is estimated at about 10~ 100,000 net tons by the National Coal | Association, a decrease of about three- Quarters of a million tons from the output of the week before. Car load- ings totals on every day last week wers considerably lower, compared with the week before. | WESTERN ELECTRIC. NEW YORK., January 25 (@) .—| Western Electric Co. reporis sales billed for 1927 amounted 1o !'.'53,- 924,013, against $263,105,194 in 1926. B F _GOOBBICH PROFITS. NEW YORK, January 25 OP).— Net profit of approximately $11,700,000 is shown in the preliminary statement of B. P. Goodrich Co. for 1927, and & reserve of $1.000,000 for general con tingencies. Sales for the year exceed- ed $151,000,000, largest on record, com- paring with $148.391 478 in 1!20, Cur- Tent assets approximated $71.000,000, and current liabilities, $12,200,000. PREFERRED IS CALLED. 25 P).—| NEW YORK, January Directors of Kansas City Power & Light have calied for redemption on April 1 all of its preferred stock. series | A. st $115 & share and accrued divi- dends. A sidend of $1.75 a share on this stock will be paid April 1 o hold- | ers of record March 14. SHORT-TERM SECURITIES. o Chaimers s ot A TOCKS By Suvecia) Leswss Wire 1o The Star. NEW YORK, Janusry 25 Bin 00 8200 4¥00 4700 INCOME SHOWS GAIN NEW YORK 2 (A% Pubiie Bervie Corporation of New Jersey i ite Jutiuary ninary slatement tor 1929 ehows ot of $16.594, 815, syguwinst §12 w Juzh pre et 18,905 . TREASURY CERTIFICATES. & Selnnnn &lo) Weworted by J Otter | nid G & i 100 a4 134 % 10 1 A Det Motor Bus . @ Doehler Die € ¢ R Domimion $t Ltd 4 Durant Mot 1 Grant Co . 6 Grand Stores heur Co X AL i1 Tevthook a fcourt Rty pf oh Coal & Nav 1 Met Stores pfd. Mid West Ui | ene Mix : uaker Oats pid’ 1 Mot Tric vu Ra Pow Cal'F Bt B Sou P& L0 andworth MINING STOCKS trwis e ) i BONDS, 1100 Vacuum' Oil 1 <aien i thonsande. A Al Pow 4154, k tis. . |a decrease of 622 cars: 28 Gair Robt 51pe 21 Gatinean Pow’ 3¢ 101 2 Gatinean Pos 15 Gen Am Inv a Hood Roh 51, Hyerade Food e A1y 1 Phila Suburh 61 Phillips Pe 'a Po () v a1 100 i 7 n Ashes flo " " " 4 Stand Tnveet Se e 0Ny 8 o 100 1 West Pow 901} FOR [ BONDS, A Sales In A Aaden 7 1 Bank Prosis FOREIGN (Quotations furnisted by W B Hilhs & Co ) N Atheon drahimy Vesela vty “ruwn Y A Stokhoim NEW YORK, January 25 (8- For- elgn exchanges, easy Quotations (in cents): Oreat Britain, demand, 487's; cables, 487),; 60-duy bills_on banks, aB3%, Jeance, demand, 392 13-16; cables, 303 1-16. Jlaly, demand, 6264 cables, 520V Demand Hel- @um, 1392, Germany, 2381; Holland 4030% ; Norway, 20.60; Bweden, 46482, Denmurk, 267615; Bwilzerland, 19257, Bpain, 1686; Creece, 1321, Poland, 1126, Coechoslovakiu, 2061, ; Jugo- sinvia, 17605 Austria, 1410, Rumania, 61% ; Argenting, 4270, Braz, 110K, Toklo, 4600, Bhanghal, 63.62'5; Mon- Urenl, 99847, DIAMOND MATCH DIVIDEND. NEW YORK, January 35 (A - Dia mond Muteh Co. declared an dividend of | per cent and the regular quarterly of 2 per cent, hoth payahle . | 1823, | U | buying, which steadied the market. Prices” rallied, March sclling around | and active months generally | showing net advances of 9 to 13 points by the end of the first hour. Transactions in January reflected the | final evening up of tho interest as| trading in that position ended at | midday. | CARLOADINGS GAIN. | . i - | Week's Total Still Below That for Period Last Year. Toadings of freight for the w Same ¢ cars under the ssifications were as follows. Miscellaneous, 314,635 ca crease of 659 cars as com; the corresponding year in 191,242 cars, a decrease of and grain products, 48.6: crease of 4.560; hve stoc of last year. an in- ared with 1927; coal .216: grain | cars, an in- . 32.386 cars, | merchandise and less than carload lots, 239,940 cars. an increase of 2,122 cars: forest prod- ucts, 59.839 cars, a decrease of 5,181 cars; ore, 9.008 cars. an Increase of 454 cars: coke, 11,069 cars, a decrease * lof 863 carn Princess Ileana has decided to become < 2 professional sculptress 'o==n==0=The HUB—Sev i ‘ 3 thee information <tk ) Seraphook this far futare reference, LA PLAN l';RIGIBLE PLANT. | Live Stock Association Head Finds Present Supply of Animals Enough for Needs of United States. By the Aswociated Press, EL PASO," Tex, January 25.—The Goodyear Co. Inspects Los Angeles | liquidation program to which cattle- for Possible Site. L.OS ANGE January 25 (P).—P. Litchfield, president of the Good- “Tire & Rubber Co.. and Karl Arn- stein, vice president of the Goodyear- Zeppelin - Co., announced today that they were here from their Akron, Ohio. headquarters to invest ecting a dirigible plant in w. v officials of the two companies <aid the proposed plant would cost $3.000.000 and would employ 2.000 work- ers. They declared scientific tests cov- ering about three months would be men have been subjected for six years nas ended, L. C. Brite, president of the ate the possi- Natlonal Live Stock Association, told stockmen at the opening of the annual convention of his org here today. Mr. Brite declared that cattlemen re- ceived a fair profit in 19; time in six years. He found the present supply of cattle sufficient for domestic needs. He urged the associ- ation to combat any -Toris to remove the embargo on stock ‘rorm coustries in which the hoof and n prevalent. He also wa: | against at- tempts to lower the tarilf on South necessary before deciding on the site for American meat. such a plant. POST NOT FILLED. NEW YORK, January 25 (#)--The chairmanship of the board of the Pitts- burgh & Lake Erie Raflroad, the post held by the late J. M. Schoonmaker, re- mained vacant yesterday, although all directors of the road were re-elected Financial circles erroneously reported that Jackson E. Reynolds, one of the re- clected directors, " had been named chairman m o fll o] m 5] m 5] | C fl I | o] a DR this price! ANMINSTERS, designs, size 629 feet. i Tuke your choice! Single Cotton 64372 Inches. In plaid cficets Double Cotton Very good values at g In all color Size 66AK0 inches Krinkled Bed Plain rose and blue excellent quality, | | | | H New Axminster and Brussels Rugs 18 Any One of These Rugs, 50c a Week! value in floral WORSTED-FA SSE in two popular room sizes—9x12 feet and 8! 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