Evening Star Newspaper, February 6, 1928, Page 13

“RISE IS RENEWED ONCURB EXCHANGE ‘Specialty Favorites Bid Up ' Actively—Utility Shares Draw Attention. BY WILLIAM F. HEFFERNAN. Rpecial Dispatch to The St NEW YORK, February 6.—The un- @erlying strength of the Curb Market at the current price levels and the knowledge that notwithstanding last week's developments in the credit situa- | tion there was still an abundant supply of funds available for speculative put-| poses, were the incentives for renewed | operations for the rise today o Specialty favorites, which felt the effect Bf profit-taking last week, were actively bid up again. some of them into new high ground under the same | sort of buving that has (*!\:\r.nr(n“?l"k‘ market operations for the past several| months. %1 Utilities Draw Attention. he public utilities attracted atten- (1.3.; und continued activity at better Tices cause for considerable com- &ém in speculative quarters. Plans for | 5 appear to be the chief factor peculative calculations, and the for numerous x\ :u-sa n\m‘; (:I’::“ anting what this will me; 1 Electric Bond and Share. Lehigh Porer. American Gas & Electric. Elcetric (02 vestors and Commonwealth Edison wer !h;nhx;‘:ngg:e of the oils there was “,‘"‘3 prospect of additional :nl‘lhl‘:rfile ":;‘a; earnings_statements stll o B¢ TC0 public and there WAas g e ublication befo § :;Q;xm‘:(;: -pl-rgf way in the ma%‘:“ nies sur- pluses nnrgpl;‘l(' prnbn:]i(my gg mug‘\"; ::x‘yrc‘: distributions were taken Lo of these was Standal l:::xckoyn:nd another Standard of In- = Celluloid Common SI;onbg. ey s were featured by pro- nounr::“s‘l;eng:h in Celluloid mnk:m‘(m At 122 the price compared mtm b previous final of 114%;. The ‘rm“ ! over 20 points in mtle‘x_nure e S Seck indicated the scarcity of the press ent fioating supply. It rrh:eivuhn_ Celanize common and preferred. SN stec] Products was an exception nq'fl neral trend. still feeling the &f of the recent unfavorable dividend ac- Uo: new high record for the vear in itary Groceries followed publication g!m.hni.\nry sales figures. which dis- closed an in of almost 30 per cent over those of the month last ynrd ‘Mavis Bottling. Sheaffer Pen (new) an Seaman Bros. went to their best prices. COTTON SCORES GAIN ON LIVERPOOL NEWS Reports of Rains in West Texas Restrict Buying on the New York Exchange. marke By the Associated Press. ’;\'EW YORK. February 6.—The cot-| ton market opened steady today at an advance of 7 to 14 ;;zlnms in response relatively firm cabies. wB ng ‘yu restricted by reports of Hght rains at points in west Texas. however, and after selling up 17.28 for May and 17.14 for October, or about Y net higher, the market realizing or liquidation to be for The y dropped back to 17.19 with the general list ruling about 2 to 11 points net higher at the end| o©f the first hour. { Private cables said Liverpool had been | 4nfiuenced by covering and calling with london and continental buying, and that the market for Egyptian cotton had advanced owing to the low Nile snd a threatened shortage of water Manchester veported a limited turnover n cloth and yarn and that manufac- turers were Josing ground ‘The offerings attracted by the open- 4ng advance were soon absorbed, and| the market became firmer on covering end trade buying inspired by reports| of increased spot demand in Eastern | 1t markets. Some buying on the fore- cast for fair weather in West Texas was evident. | 12y sold up 17.48 and October to 17.36, making net advances of about B0 1o 35 points. | — WHEAT VALUES DROP | ON WEATHER REPORT Lower Cables Also Bearish Fi tor—Corn Scores Moderate Advance. By the Associsued Press { CHICAGO, FPebruary 6.--Good rains | Sn par's of Oklahoma, Kansas ana Nebrarka and lower Liverpool quota- bt than expected gave an early set- beck totay 1 wheat prices here. Carn wes infiuenced by unfavorable weather for the crop movement and by per- Eistent talk of export business. Open- ing Y 0 1 cent off, Chicago wheal efterward sagged a 1 Corn | started L up and | sumequently held near ne i venge. Oals were eary. P Cowngrade. —e e SILVER QUOTATIONS. | NEW YORK, Pebruary 6 A —Bar| siver, U0Y, Mexican dullars, 43% 1 avom [ e L B : ][iimuu ICECO! WACATEG i TE WA W R R ) cde t 4 por cent tur Duee Turm 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. hundivids. Hi Alles & B Alm Ndum Co wid 0L co Cranamid B, Cranamd vt Dbt Sores Gas & Hawanan 85 21 "Weam Campbell Wyan Can Mazoont W & L il e Jominion Mot. 1on For A ox Theaters A. The Rts ‘wi Freshman Chas.. on Sylphon . . 3 Cault rod Corn .. Am In will RGN s Grana’ Stores MFagen Dredee. i Land 3 Lefeor 3YLeh € 133 Leh Pow R Leh Val € otn 9 Lemur Co 20 Engin Novadel Pre: 1 Ohio Jiel T 7wvi 114 Pac Gas & Elr €11 Ho Penn Obi Penn W I W Rad : » Royee ptd win 1 Rierra B 1 Pow & 1A Pl C A, Bioch g Int I st ot B pf ot den ) i i xh. Low. WEOCKS STANDARD OIL 1SSUES AND FOR- AR Ol SRR AN 20ty Ty Sales 0 units, 1000 2700 O o OSG r, Retin 100 Southe 200080 1008 0 K 1200 < S 10 Wi n & Fincl 100 Vacuum 01l Salesin BONDS, Pow ’ | Allied Pl Alum Co S Beaver bl Nu 11 10 st & Mo Gs N 104 aq Ry 7a.. 1140 1ceont B2 CM&SP 175 CM&ST B81, &R B8 07 % sk Tire Bigs.. O8% A P & L 08 ... 07 air_Robt | Sig P 7 P R T R b y A N8Y, W ol de 103 1 s Cox Ba 1005 Po o X1n7d alley 4n 121 N'a'Y, 58 03 op g 48 W & F Ba 0NN YNHEH 4y 030 P &L d'as H5% chols ln‘l‘:ll"- I A & Sales in thousands. 10 Adriatie ¥ 4 Ak M R 6 Agri M B8 7a 47 1 Batuvin Pt 430 155 Braz)) Bian 57 Buenow A " 1 Hambur Tu 1014 2 Hamburg State B 151, (30 Ge.. 03 inteviden Gn A Bogotn 7a K Rio Grandn T4 R e Jan 00 1 180 1 1 Tn K1 Ser 74 A “ ; Ger ToA ww AL Wi 1A 0 001, [UEHTIEN *Ex dividend . CHICAGO LIVE STOCK MARKET CHICAGO, February 6 (United Btates Department of Agriculture),— Hogs— Teceipts, 95,000 head; generally 15 o 25 lower; less decline on desirahle light lights; top, 820 for several loads of cholce hogs, 160 to 200 pounds; bulk of good and cholee, 170 16 210 pound ave- rages, B.05a8.15, 220 to 300 pounds, 7.85a B.05; blg welght butchiers, 776 and un- der; light lghts, uneven, largely 7508 8.10; bulk of early sales on pigs, 6.75 125, most pucking sows, 7.00a7 28, Cattle —Recelpts, 18000 head; fed steers wnd yearlings alow, steady 1o weak, mostly steady early, she stock very slow, poor prospect lower on better 1 grades; bulls strong, idding 100 lower on vesler and feeders, best fed steers early 16.50; beveral louds, 15 6001615 welghty ausuge bulls, B 16nd 2t 5. lght vewlers carrying bids of 130081350, odd lots of selected kinds up o 1600 Fneep Teceitps, 18000 bLena; fat lsnhs metlve, better grsdes Jargely to aitsiders, 25 1 4% Digher, packers pro- creding cantionsly mud minhmam up 1 better grade Jambs 87 pounds down largely 16 0061650 seattering plain wnd welghty Kinds, 145081495, good (o chodee 110 -pound kinds, 14 00, good 90- pound yearlings, 1360, sheep scarce, strong; tresh feeding lnmbs scarce; de- wand good, few good T0-pound replace- wwent lambs, 1375 TRUMBULL MEETING. NEW YORK, Februny 6 (). Bockholders of Trumbull - Bleel will huld n spectal meeting Febiuary 18 1o approve the sale of the company Hepublic lron & Bleel on or before May ) . Newrly 85,500,000 was spent In new Fullway llaes In New Zealund lust yeor, EGGS ARE LOWER INLOCAL MARKET Butter Is Firm—Trade Is Not Brisk, According to Wholesalers. A further decrease in price of eggs reported today, dealers quoting a price of 36 and 37 cents for current receipts. The drop in prices resulted from increased receipts, and further de- B es are expected before the end of the weck. Dealers reported a continued firm con- dition of the butter market this morn- ing, prices of most other commodities remaining unchanged. Meat and poul- try wholesalers had attractive displays to_offer the trade this morning. Fruits and vegetables also presented an attractive appearance this morning. Vegetables from the South were not plentiful, however, and last week’s prices prevailed. Early morning business was not espe- cially brisk, according to reports, but was about normal for the first market day of the week. Today's Wholesale Prices. Butter—One-pound prints, 50a51; tub, 48n49;" store packed, 32. Eg; Fresh, seclected, 40a42; nery, 43; current receipts, 37a38. Poultry—Turkeys, alive, 35a36. Spring chickens, 30a32; fowls, 27a28; roosters, 18; ducks, 18a20: keats, Young, 70a75; old, 35. Dressed turkeys, 40a45; Spring chickens, 32a34; roosters, 20, capons, fancy, heavy, 38a40; small, 30a32; ducks, 2530 keats, 30a90. Meats, fresh killed—Beef, 20a25: veal, 24a28; lamb, 26a27: fresh ham, 19a20; loins, 19a20; fresh shoulders, 15; smoked hams, 20a22; smoked shoulders, 14a15; strip bacon, 22a23; lard, 12!2; calves, alive, 16; lambs, alive, 13, Fruit and Vegetable Review. ‘Today's market report on fruits and vegetables, complled by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies moderate; demand moderate, market steady; barrels, Vir- ginia U. 8. No. 1, 215 inches up Sta: mans, fine quality and condition, 9.0 L 8. No. 2 Staymans. 2!, inches up. good quality and condition, 650; U. S. No. 1, 2% inches up Yorks, 6.50; black twigs, 7.50; boxes, Washington medium to large size extra fancy Deliclous, 4.25; few higher, Staymans, 3.5023.75; mostly 3.50: Winesaps, 3.75; bushel baskets, Virginia U. 8. No. 1, 2%-inch Paradise Sweets, 2.25a2.50; U. S. No. 1 Staymans, 2% inches, 2.75; Pennsylvania U. 8. No. 2 Stayman and U. 8. Commercial Stay- mans, 2'% inches up, 2.25; few higher. Cabbage—Supplies moderate; demand moderate, market about steady: new stock Texas, barrel crates approximate- Iy 100 pounds net. round type, 3.00a 3.25; Florida, 17;-bushel ‘hampers, pointed type best, mostly 1.75; ordinary g&i‘fl'yn‘fidymfld"m?' low as 1.25: old , New York, sacked chnllah type, 1.00. e ot n ‘elery—Supplies moderate; deman fair. market about steady; Ca]l{amlf crates, 5.5085.75: stripped fine quality and condition, 6.00: few higher: Flori- da, 10-Inch creates, fair quality and condition, 2000250; few 275; few fancy individually washed, 3.00, . Lettuce Market Weaker. etluce—Supplies heavy; d Tioderate. market slightly Weaker: Galt a, crates, - St Iceberg type, 4-5 dozen, Onifons—Supplies light; deman market dull: Michigan and Ohig, jio pound sacks, yellows, U. 8. No, 1 medium to large size, 2.75. e Potatoes—Supplies moderate: demand modciate, market steady: Michigan, 150-pound sacks, Russet Rurals, U, §. No, n'{n:é?:’;s;o: few sales 3150325, Pplies liberal; dem: moderate, market firm: Texas, bu:}:‘ndl baskets, Savoy type, 1.75; few higher. ‘Tomatoes—Supplies moderate; de- mand moderate, market steady: un- known origin, repacked in New' York City, threes, ripes, wrapped, fancy count, 2.50a3 00; choice count, 2.00a2.50; sixes, ripes, wrapped, fancy count, 4.75a5.00; choice count, 4.00: originals, Florida, sixes, ripes and turning, wrapped, good quality and condition, fancy count, :.“,I:l,"nlxm, !&lmlng"’.’u’nwrlpwd. ordina; y and condition, sor l.‘»sflnflo. me decayed, weet potatoes—Supplies light; de- mand light, market dull; Nn‘rlh and South Carolina, bushel crates, Porto Ricans, 1.35; barrels, no sales reported. String beans—Supplies light; demand light, market slightly weaker; Florida, 7y-bushel hampers, green, ordinary quality and condition, best, 6.50a7.0 poorer, low as 5.00. Peppers Are Steady. Peppers—Supplies light; demand moderate, market steady; Florida, pep- per crates fancy, small to medium pize, 4.0084.50; Cuba, pepper crates fancy, few sales 5.00. Eggplant—Supplies moderate; de- mand u‘luwi mnrk;t dull; Florida, pey per crates fancy, 3.00a3.50, cholce, 225a2.50. et Squash—Practically no nn y supplies on Cucumbers—Supplles light; demand ——— VARG hen- Thin-Blooded People To Eat More Liver Hundreds of Thousands Eating Liver to Get Rich Red Blood Physicians in New York and other clties who have tested and pro- seribed w diet of beofs lver In cusen of poverty of the blood or wnemin are now ‘prescribing a preparation called Hemo-Liver, which ls made | by a sclentific process from fresh | beefs livers, . By this process the “Mysterous Bubstance” or vital elements that nre_obluined by eating liver nre ex- | tracted wnd put up i the form of an elixir which 15 very palatable and pleasant to taste, | Hemo-Liver s full of the vital ele ments or “Mysterlous Bubstance' that 18 one of the great discoveries of recent yewrs and’ by taking n tablespoonful three Umes w day you'll get more and quicker benenit thin by enting pounds of liver Kvery progressive drugeist sells Hemo-Liver in w bl 12 ounce bottle thint will st elght. days “Men and women who are suffer- g from lowe vitahity, wenkness, overwork, nervon down il can put I -Lver ror hle ol people, glels 18 o 18 and I con valescence 1L won't fall n strongthens the nerves, icreases the ved blood cells, promotes health and rehullds energy so quickly that often pliysiclans are astonished,” Why not get & bottle of Homo- Liver today - elght daya’ treatment wnd If after ‘)'uu have taken one bottle you don't say Hemo-Liver s the greateat health bullder you ever heard of - gal your money hack, Not w patent medicline; mind you it the “Myntertous Substanes or vitamines extracted from freah beels liver, et Homno-Liver at Peoples Drug Htoves. Advortisement, STOCK TRADE INDEX UP DURING WEEK Four Groups Weak, However. Food -and .Copper Shares Advance. Two industrial groups showed greab strength in last week's market. Com- mon Issues of the foods and sugar group and of the coppers and metals group made conspicuous advances. Cushman's was up 15 points. Loose- Wiles and National Biscuit each gained 5 points dnd Standard Milling 7. Although advances predominated suf- ficlently in the more active issues to send up the traders’ index, considerable weakness showed in four groups— stores, steels, olls and miscellaneous. Woolworth, § s Roebuck, Schulte and May Department Stores all eagged in the stores group. The statement of the United States Steel Corporation is considered to have been a main cause of the three-point drop in this venerable market leader Inland, Crucible and American Stcel Foundry accompanied with two-point losses credited with being largely re- action in accord with movement of the United States Steel. Losses in the quot: tions in the ofls groups were not heavy. In the miscellaneous group National Surety dropped six points, Collins & Aikman four, International Harvester and Philadelphia & Reading Coal & Iron three each. A compact survey of stock exchange movements is furnished by the indices and per cent of return yielded by the level of prices of common industrials during each indicated period below: Stockn Stocks Rate of traded. held. . return 1090 averam High ('26.°% '26.'27. " Low o 1.6 k n "28) (S, Th.0 HE pr.26) (Mar."26) (Oct. There was about one-eighth of a bil- 1ton dollars less trading in common in- dustrial shares on the New York Stock Exchange last week than the week be- fore, the average daily value of trad- ings falling to $123,700,000. The turnover was heavier in ofls than the week before, Pure Ofl scoring the largest increase, total of $2,500.000 more in the week’s total trading. Store and steel stocks showed drops in value of turnover, Woolworth a drop of nearly $4,000,000 and U. 8. Steel a drop of over $14,700,000 for the week. ‘The average daily volume of trading for the preceding week was $146,900,000 and for the corresponding week a year ago was $70,500,000. ‘These figures present the actual value of the average daily stock exchange tradings in common industrial stocks, computed from the prices and the num- ber of shares traded in each stock. (Copyricht. 1098.) —eeeeee e moderate, market about steady; Florida, square bushel crates culls 3.50; Indlana, hothouse stock, 2 dozen cartons fancy, 5.00; extra fancy, 5.50; double extra fancy, 6.00 per carton. Carrots—Supplies light; demand mod- erate, market steady; Texas, Western lettuce crates bunched, 2.75a3.00. Beets—Supplies light; demand light, market steady; Texas, Western lettuce crates bunched, 3.50a3.75. Carrots—Supplies limited; demand moderate, market about steady; Cali- fornia, pony crates, 1.90a2.25, mostly around 2.00. Strawberries—Supplies light; demand light, market steady: Florida, pony re- frigerator Missionarys mostly around | 1.00 per quart. T i Money and Prices ‘The purchasing power of the dollar declined slightly last week due to strength In commodity prices. While the change is not enough to maxe a great general change in business con- ditions .or sentiment at the moment, it ralses the question whethe: the ad- vance 1s likely to continue more cr less steadily fo. some months, as some ob- servers have been more or less con- fidently prophesying. Fluctuations In the general wholesale price level for several weeks past and during recent years are given below with 1926 as a base, or 100. The changes in the purchasing power of the dollar for the same periods are also given: Who! e rico 06.0 05 Foreign Prices. Cable advices from London report that the index of wholesale commodity prices in England, as computed by Crump fell to 93.6 last week, as com- pared with 94.4 a week ago and 965 a year ago. Italian prices advanced slightly to 75.0 as compared with 74.9 a week ago gnd 91.6 a year ago. (Copyright. 1928.) TOBACCO TRADE LIGHT. Both Receipts and Sales of Mary- land Leaf Are Small. Special Dispatch to The Star. BALTIMORE, February 6.—Both re- ceipts and sales of Maryland leaf to- bacco continued light the past week, the former totaling only 35 hogsheads, while the latter amounted to 94 hogs- heads, leaving a stock in State tobacco warehouses of 9,647 hogsheads and 640 hogsheads of ground leaves. The mar- ket holds firm, however, with values well maintained at the following quota- tions per 100 pounds: Inferior, 5.00a 8.00; frosted, 3.00a4.00; sound common and greenish, 9.00a16.00; good common, 17.00230.00; medium, 31.00a40.00; good to fine red, 41.00a55.50; fancy, 56.00a 58.80; seconds, common to medium, 5.00a24.00; seconds, good to fine, 25.00 845.00; upper country, air cured, 3.00a 25.00; ground leaves nominal. OIL OUTPUT DROPS. NEW YORK, February 6 (#).—Crude oll production in California last week averaged 614,500 barrels daily, a de- cline of 300 barrels daily from the week before. COMMODITY PRICES INDICES GO HIGHER Both Raw and Partly Finished Goods Advanced During the Past Week. Both raw materlals and partly fin- ished, or producers’, goods advanced last week, the former quite conspicu- ously for a single week’s movement Lambs, beet and silk were leaders in the advances. Increase in raw materials index number occurred despite drops in prices of wheat, tin and cotton. Consumers’ goods averaged lower with pork, lard and serge registering the biggest drops. Comparisons of these price indices ' are given below for various periods in which the average for 1926 represents 100. Raw Producers’ Consum- materials. koods. cra Koods 1006 91 0 Farm products and hides and leather are found by analysis of last week's commodity markets to have been the biggest factors in the net ad- van registered. Lambs, hogs and beef were the strongest spots in the farm products group. Hides and leather products scored more than two points rise, with shoe manufacturing for the Spring scason now getting rapidly under way. Below are price indexes showing the level and movement of wholesale prices for various groups of commodities for last week, the preceding week and a year ago. s Farm nroducts Foodstiffs Hides, lcathers Textilen ight " " Metal products RBuilding maters Chemicals PACIFIC COAST COMPANY. NEW YORK, February 6 (#).—Net earnings of the Pacific Coast Co. for 1927 declined to $215453 from $420.259 the year before. Fourth-quarter net was $106,139, against $55,152 in the third quarter. . PRICES ON PARIS BOURSE. PARIS, February 6 (#).—Price chang were {rregular on the Bourse today. Three per cent rentes, 69 francs 50 centimes: 5 per cent loan, 87 francs 15 centimes; exchange on London, 124 francs 2 centimes. The dollar was quoted at 25 francs 45'; centimes. r I 1f you have a swollen, inflamed or | pain tormented joint don’t keep on suffering agony day aiter day. For quick, comforting relief thou- Isands rub on Joint-Ease and for Rheumatic pain druggists will tell you that it is always in demand. Joint-Ease is a soothing, pene- trating emollient that you can rub on often to obtain speedy results. Its comforting influence and | speedy action indicate its use for |such ailments as chest colds, neu- ralgia, neuritis, lameness, sore, Try This for Rheumatic Agony | and Pain Tormented Joints 12 Days Trial Free—See Below aching muscles, lumbago and sciat- ica. For feet that are inflamed and burn and ache a good rubbing at night with Joint-Ease usually means foot comfort in the morning Ask for Joint-Ease at any drug store in America—60 cents a tube— rub it in—it penetrates. You can al- ways get Joint-Ease at Peoples Drug Stores. ddress for larze FREE fet o ot st e | 3 ow ! * 13 BUYING POWER GAINS. Farmers’ Dollars’ Purchasing Abil- ity Again Rises. The farmers’ dollar again galned slightly In purchasing power last week. Although non-agricuitural goor's, which the farmer buys, went up & bit, agri- cultural goods sold by the farmer ad- vanced enough to give the farmer a net gain. Butter and la ere im- portant items in price increases. Index numbers of farm purchasing power, and of agricultural and non-agri- cultural prices for various period: given In the foliowing table in the average for 1926 represents 10 vower. 10748 1087 1000 4 1015 04 0 1600 vl OTIS STEEL REPORT. NEW YORK, Fchruary 6 (#)—Ot! Steel Co. had $2.370,000 cash on hand rarth furnace een $450,000 Finds Relief in Two '[r_eatments | Through Internal Bathing with the J. B. L. Cascade It is a story of a wonderful re- lief from a condition all too com- mon among modern humarns that is told by M. L. Bebeau of Oak’s State Hospital, No. Grafton, Mass., to the Tyrrell Hygienic Institute: “Tonight,” says Mr. Bebean, “will be my third treatment with the J. B. L. Cascade. I feel a great relief. I can breathe now. That dry, burning feeling in my throat is greatly relieved. I can feel my courage coming back to me. I will be glad to lose that despondent | feeling I have had for the past | year. 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