Evening Star Newspaper, January 31, 1928, Page 13

THE EVENING STAR, WASHINGTON, D. . TUESDAY, JA NUARY 31, 1928. SPECULATIVE LIST - ON CURB ADVANCES' Smaller Mart Takes Cue From Big Board—Nichols and Shepherd Feature. BY WILLIAM F. HEFFERNAN. Specal Dispatch to The Star, NEW YORK. January 31.—T: cue from the movement of the board. t rl there had ngs when the | downward. atures were | BAO A AT AN A g - unless soms ramnings Meiville BUTTER IS KIGHER. 31 (P).—Butter | L creamery 3 COTTON GOODS ACTIVE. ¥ 31 (Special) — were moderately loths were marked 68x72s and remained | anged at 734 for 64x60s. The raw silk market was closed tod l . . ] Washington Stock Exchange | Sales. H Wash. Rwy. & E‘:c. pfd—>5 at 103, m{ 10 at 264. Bank—10 i 1 pfd—10 at| Lanston Mo Woodward & —10 at 1057 at 34 0 at 499 $1.000 at 104 B"—$1.000 at 1 s “A"—$500 At 1057 sy —Ca. 5 and 6 per cent. Bid and Asked Prices. Followin: bonds Mat o e e 17 g i & 5 & Pt s MINING BTOCKS C A VERLENT O1L NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office is the list of stocks and i>d in on the New York Curb BEOCKR . |CORN STAGES EARLY | ADVANCE AT CHICAGO > start. f 1 Mexten Ohio .. 20 Mex O oLl # Mount ro STANDARD OIL ISSUES _AND FORMER AR T P AT Y Nety L&F 20 Kop G & Cok Laclede Gas 53gs 10114 101 high Po 6s A.107% 1 al 4s Nat P Ser 63624 1 v ‘Con Cop 51 Zy : n & « 7 Ohio Po 4%8 D 0 Par Fam Las ts 2 Park Av(6i0B 6 las Ran Tr_6: 51 Shawap 42 Bii 2 & Cride Bis A _BR% 5 €nider Pack 6s.. 111 Cent 5s - 4 FOREIGN BONDS B Denmk tie 100 1 X | Wheat Holds Around Initial De-| cline—0ats and Provisions Tend Upward, CHICAGO, Jsnuary 31 buying I corn prices todiay despite Aggressive | iy upturn | a hesttant imulating the demand was the fact thut wrrlonie of corn In Chicago Woday and In other maln centers were relatively small Opening 'y off o Yup, corn scored an all-uround udy which, however, was not well Marted ut Yy o % d ater held pear to the inftial Outs were fim. Provisions Dkewiwe tended upward brought about an RUBBER DECLINES, NEW YORK, Junuary 31 (Speclal) Crude rubber, smoked ribbed sheets, declined 4y sl Loday's noon quotation of 38", This compares with 41%; 8 month ugo and 38 a year ago. Fourteen Dukes of York. Bince the title of Duke of York was created by Edward 111 for one of his sons, Wiere have been 14 holders of the tithe French to Develop Rhine The waterpower pesources of the Jtie are o be developed by French Interests and spph o the electiifying of yailiusds o Alsace-Loriaine, | for 131 steamships of 598.000 gross tons | “Bounties are established for building | a ITALY ESTABLISHES NEW MARINE POLICY Government Completely Separated From Ownership or Opera- tion of Trade Ships. Associated Press. s new marine police will become fully effective this year, the Department of Commerce Is informed. This policy provides for complete ation of the government from ownership and operation of the mer- chant marine, but is designed to pro- mote national welfare through develop- ment of communication with Italian colonies and expansion of foreign trade. While the government will relinquish control even of the shipping lines it has operated in conjunction with state- owned raflroads, subsidies will be con- tinued on about one-fourth of the Italian merchant fleet of 3.400.000 gross tons. The subsidized portion w dwided into “indispensable” and ful” classes he “indispensable” lines must main- tain ships of given tonnage, speeds and schedules on routes mainland with islands of the Mediter -anean and Italian possessions border- | ing it. The “useful” lines will connect | Lialy with ports bevond the Suez Canal and the Straits of Gibraltar. Contracts for the “indispensable” lines call for 102 steamships of 171.00¢ gross tons, for which annual subsidies | of about $7.000.000 are provided. The subsidies for “useful” lines total about 4,000,000 vearly and the contracts call of increased size and speed to | Ity out the 20-year contracts, and {pecial arrangements may be made by “hich subsidized lines may use the con- tracts as security for loans by banks for the construction of the new vessels | CONSOLIDATED GAS. PALTIMORE, Januarv 31 (Special) The Consolidated Gas Electric Light and Power Co. of Baltimore in 1927 earned a surplus, after preferred divi- dends, equivalent to $4.62 a share cc 27 shares of no par value common ock outstanding. comparing with $5.64 vn share on 936,988 shares outstanding the end of 1926, according to pre- | connecting® the | |C. & 0. TO BUY RAILROAD. | Chesapeake & Ohio Railroad to buy iminary figures filed with the Public Service Commission of Maryland. Commencement 1028 This year's graduating class of the automobile in- dustry is now exhibiting at the Washington Auto- share 159,05 | Len-year annua Net earnings 19 0300 i ths | I. C. C. Grants Permission for Pur- chase of Greenbrier & Eastern. The Interstate Commerce Commis- | sion today granted permission to the | the Greenbrier & Eastern Railroad in West Virginia, paying approximately $1.400,000. At the same time the commission held that the price of $140 per share which the Chesapeake & Ohio will pay for the Greenbrier stock is higher | COTTON HAS RALLIES IN TODAY’S DEAlINGi Prices Come Back Some From!‘ Early Decline on Renewed | Covering by Shorts. | By the Associated Press. NEW YORK, January 31,—The ro!-‘ ton market opened barely steady to-| day at a decline of 2 to 10 points under selling promoted by lower Liver- ool cables than due on the New York close yesterday. | There was considerable realizing or | liquidation, but less southern selling than recently After easing off to 1756 for May, prices rallied 6 or 7| points from the lowest on renewed cov- | ering. Trade buying was also reported and the reactionary sentiment noted in yesterday’s market. following rec- | ent sharp declines, was in evidence again this morning, Private cables sald covering and Bombav buying in Livernool had boen | unnlied by hcdge selling, combined with London and continental licuida- tion They added that the Manchester | cloth market was unsettled with busi- ness restricted by fear of lower prices | and that stocks of yarns were accu- | mulating. | PRICES ON PARIS BOURSE. ‘ PARIS, January 31 (P).—Prices were | firm on the Bourse today. Three per | cent rentes, 67 francs 25 centimes: change on London. 124 francs 215 cen- | times: 5 per cent loan. 87 francs 85/ centmies The dollar was quoted at 25 | francs 46'2 centimes. NORTHERN PACIFIC. ‘ NEW YORK. January 31 (# —The than the physical value of the rail-4Northern Pacific earned $7.47 a shal'el road and ruled that the Chesapeake & | Ohio might charge only $125 per share to its own investment account. The balance will be charged to other Chesa- peake & Ohio resources. FANSTEEL PRODUCTS. NEW YORK, January 31 ().—Di- rectors of Fansteel Products Co., Chi- cago, have omitted the quarterly divi- in 1927. against $8.47 a share in 1926. The Chirago, Rock Island & Pacific | earned $12.08 a share on the common. against $10.67 the year before. SEEK DEPOSITARY RIGHTS. | A bill to permit State banks and trust companies which are Federal Reserve Bank members to become Government depositaries was introduced yesterday | dend of 75 cents a share on the com- mon stock due at this time. mobile Show. Beautiful in the perfection of their artistic designs, built to the latest accepted specifications—each car representing years of development—they are by Chairman McFadden of the House | banking committee. | now ready to become producers. How well they serve, and how long pend largely upon the treatment they reccive from the new owners. Since the days of the first automobile, “Standard” has provided the motor- they last, de- @he Foening FHtar ADVERTISENENT Boon o RECEIVED HERE Healy’s Drug Store 1907 Nichols Ave., Anacostia Is a Star Branch Office You'll find it so much handier to leave your Clasified Adver- otisements for The Star with a Branch Office—one of which is located in practically every neighborhood in and around Washington—than to take the time and the trouble of a jour- ney down town to the Main Office. Every advertisement left at any Branch will receive careful attention and appear in the first available issue. THE ABOVE SIGN No fees are charged for Branch Office Service; only reg- s ular rates. 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