Evening Star Newspaper, February 17, 1928, Page 15

FINANCIAL, ST REACTION " NOTED IN BONDS Market Affected by Liquida- tion in Stocks—Industrials, Public Utilities Inactive. (Salrs ar Si Lib3%s... Libistays Lib3deus Lib ath 4% US3Yys... US4s1944 1031 USIyss: 1191 BY CHARLES F. SPEARE. Special Lispatch to The St NEW YORK. Februa 17.—Bonds were to some extent today affected by the hiquidation in stocks. The specul tive members of the domestic list re- acted moderately as stocks declined and as they were affected by con- vertible privileges. There was another wave of liquidation in the issues of two ©of th: Southern roads, whic» had a somewhat disturbing e“ect. In this movement Seaboard An ‘.ne adjustments declined 3 points. seling 2 points under last week's low level. ‘The refunding 4s broke 1'2 points and the various issues of 6 per cent bonds were off a point. This depression ap- parsntly took no account of the official | Brazii 8s . statement that the outlook for the road | Bremen State 7s, . was improving., that expenses Wwere | Buenos Ares s 57 under_control and traffic prospects bet- | Buenos Aires 7s 58 ter. Florida East Coast refunding 58| .. .4, s8¢ us continued to react in spite of the fact | < nu ot Ll 5 that they are now on a 6 per cent basis | ~op. y, 105 (929, and ofl 15 points from the high of last | Sy 2e ey year. Chile 8s 1941, | Chile 8s 1946 Chinese Gov Ry 5s. Con Pow Japan Ts Argentine 5s. Argentine 6s & | Argentine 6s Octs! | Argentine 6s A. Argentine 6: Australia 5s 195, { Austraiia 551957 |austria s .. | Bank of Chile & | Belgium 6s | Belg:um 6148, | Belgtum 7s 1955, | Belgtum 78 1956. Belgium 7igs. Belgium 8s %S Drop in Industrials. usuch md“s‘ml:&aifi’é Kgg:er 51 juid Carbonic les pper ol Bethlehem Steel 6s. Marine 6s, Pathe | CobehiIReh o7 3s. Dodge 6s and U. S. Rubber §s were | cyposug .., all lower. The trade situation in the | Gaf S8 00 ol rubber and tire industry iS UNSAtisfac- ! zecno gs 1u31. lory and prices of the bonds of the | ;ccho g - companies are feeling the effect of the | [anish Munic 8s B gevete readjustment in the level of | henmurk 6s. . .... stocks to which they are related. Dutch East | s 47. Public utilities were not S0 active S| pyich kst 1 6s on the day previous. although they held | ki Saivador &= 13 most of their gains. Rails were irTegu- | Finlund s f 6s 40. Jar. Frisco prior lien 4s advanced ': | finiand 7s in anticipation of the new financing. | Framerican Union Pacific 41-s sold below par for the | French 7s. first time 1n some weeks. | French 7. In the foreign department Lhe‘p-,,,,m 8s. strength in Belgian government issues ' German EIP 6%s was the outstanding feature. The 7S German1s moved up to 1081:, where they were a | Greek 7s point above German is and one-half | Hait6s. rflnt higher than Prench 7s. French | Hunzary 7%s, 1is touched 116%. which duplicated ltaly7s.... their previous high price. Japanese ! italv Pub7s.. municipals, Argentine Peruvian. Bra- |, ... .. zilian and Scandinavian fssues Were | ja..ueqe 514s strong. | Jergens U M 6s 47 U. S. Treasury Issue a Featare. | Lyon 65, The demand for United States Treas- | \a Selie €5 . | Milan 6% AMontevideo 5 ‘ A\thherlamhfi 4 New So Wales prices of January. So fa® I New Se ment bas had no effect on either the | ;:::&\\-ms = first or fourth Liberty 4%,s, which are | Ty the only remaining bonds of this group with any considerable length of life. | ;xs? rea:gn::- issues m\fl»gu:llsl“j; Norway 6s 1952, .. 00,000 last week and $208.000.000 two | Or'ent Dev deb€s. weeks ago. ’ Paris- Ly-Med 6 Paris-Ly-Med 1 ———— Washington Stock Exchange Sales. | 'eru 6s 67 w. | Peruls... | Peru 7351356, | Peru 8s. 2,000 at 94. 04 Mot Metvopoiitan Bk—5 at 405, 5 at | POrto Alegress. ‘ | Prague 71 ) & Gravel pfd.—10 at 105%, | Queensianad 7s 10 at 1053, Rhinelbe Un 7s Merch. Tir. & Stge. pfd.—20 at 110. | Riode Janss iy Mergenthaler Lin- at 107 2 at 1071, 10 at 10715 10 at 107l 10 at 1075, 10 at 107%., 10 8t 1071, Peoples Drug Str. pfd.—20 at 126%. After Call. Pot. Elec. 5lzs pfd.—5 at 107} Drug Str. pfd.—20 at 126%;. & E “—‘:‘l,m at 93%. $1,000 9. . Tract. Co.—10 at 116%:. . cons 55—$1,000 at 10334, Gas 5581000 st 10s%. Co. pfd.—2 at 1067:. PR SE 683,000 at 104, Money—Call loans, 5 and 6 wtu’nl.g Bid and Asked Prices. Toho i Pow 7 Tokio 5%s 196 Utd Kingm 5% 29 Utd Kingm $%s 37 Uruguay 8 Yokohama €s w i.. Ajax Rubber 8s... Am AgriChem 1% Am Cotton Oil 5t Am Repub deb 6 AmSmit& K 15t b8 Am Smit & R Am Sugar Ref 6; AmT&Tcitrés.. AmT&Tecltrbs.. AmT& T st b Am Tel & Tel b%s. Am Water Wks b Am Writ Paper i Anaconda 1st ex & MtV 7 Anaconda ev d 5 Witk Alex & MLV Andes Copper 1s. .. Wars Rwy. Wan Ewy & MISCELLANEOUS Barter & Rose. Inc. 6% Cresinsy ¥arm_ Daicy 6lae Cuevy Chase C”"m’“ ¥ 9 Wardman Park Howl 5%e PUELIC Amer Tel & Telgs. .. Cavital Traction ... Waeningun Gi v X W ruamboat romar Elwe, pia 67 Fieo. B pto & ¥ om & Blec ]y SATIONAL BANK via Humble O11 5 e Humble Q& H §%» 11iino1s Bell 18t b; int Mer Marine 6 8 & Mernanics sAmerican . MetiGpoiiten.. o Bank of Wasi TRUST COMPANIES KanCity P& L bs. | Kelly-Spring 8s Lackawanus St b Laciedeis. ...... Liggett & Myers Ts Mid Con 6%m 40, Midvaie Steel 08, .. Mont Power bs ‘43, Mont Power deb bs Mor's&Co st 4140, Newlugiand Tel by New Yotk K4 6% Savinke & Trust b Wart o Lann & Trust SAVINGS 1iANK of Betests W astington Natisns Ty savioke & Com |5 ¥ GE L H&r on, N Y Tel6n 4y | Nortn Aw Kais te tior Ohio Tr & 1. 68 For Siates Pow Ly Nor States Power 6 acific Gas & 11 b8 Vae T &V I8t bs. .. Vaa W &V bR bZ. .. Pan-Amer lete b, Pan Amer Peteis | i7athe Krchange is | Fevples Gos bn Phile Cobs 61 wi. ¥hils Cort 6s A 1)1l I ean C Fieice Ar Por e Am Tob Fublic Bervie Pubiic Bervie HemingtonAr Snaren $11 H 8 Colors of Firn Forcing E lalr Crude L'; Fiecrackers are used in Ching 80 8- | ) 1218 11 o and military TuncUOLs | Kyelly Onf i 8nd 8! birthe wnd funersls Hed Bire- | 5o vur jtce Sug 78 Cricrers gre for the common people, | s hwest el bo yelow for the aristocrecy 8id green for IR T e offioere of the o IO RTRY seligious Tenik 28 10123 41038 48 10016 92 10324 US 33 43-4 110 10231 6 107 2! m 31 00 High 1 11 103 100 108 102 107 110 15 1022 1 FOREIGN Sales Hheh 100 4 100 5 100% 100 98 55 9TH 6 104 6 9T 27 1004 43 106 1 109 108t 108% 30 1064 19 115% 12 110% L0 105 10 101 83 97 110% 2 10219 797101 20 100% 10 102 31078 11 101% 5 102% 16 111w 10 110% 12 29 17 99% 19 9T o1 104'% 105% 1104 110% 111 1054 104% 104% 109 o9 1 1074 108 116% oW 107% 9% 100 102% 49 % Y34 102% 105% 5 101% 101% 26 Y5h 103 108% 95y 15% 1024 101% 102 102% 102% 981y 99% 104 104 Y23 103% 1064 1104 54 9N 100% 106% 105% 1135 11 106% 1 10% 108, YPanlEmaStnnunmuumncon vauZaniiceg - [ 3% 101% 101% 100% 106% 10% 100% 100% 99% 10415 1024 1v84 11 7 13 97 MISCELLANEOUS. 2 1073 9 105% 52 102 6 102% 9 102m 2 108% 12 104% 54 100 8 105% 10 107% BT 9B 4 100% 18 b 1055 1 101% 1 1044 49 9b% J Kaymer & Co6%8114 113 1 106% 1106 5 107% 1 103% 1 102% 11 122% 4 106% 2 101% 106 n 102% 1 Bl 3 110% 11165 6 110% 1410 1 J0isn 5 108 PR U 4104 1504 1oty 5 10i8% i 105% 31 66Y R 1y v 2 1080 100 ; 1025 106 107% 4 IR 20w, Wity 100 9 1o i SUFEN PRI T THE EVENING | NEW YORK BONDS STOCK EXCBA;VGE Raceivad by Private Wire Direct to The Star Ofse Quotations to 2:35 p.m.—Final Quotations in 5:30 Edition. UNITED STATES. Toledo I5dn 1st Ts. United Drug 6: US Rubistrr 0 w208, 21 10121 1 1031 14 10015 24 10324 26 10231 23 10725 16 11016 18 11522 Warner Sug 78 39 Warner Sug 7s 41 West Klec b Westn Union 6% \Westinghouse 5 Willys-Ov 6lgs Wilson & Co 1st 6s. WinRepeat Ar Tiss Yngstn S&T 5s wi. W Low. 924y 9% 9974 100% 997 974 974 1037 9T's 100% 105 ko { Ann Arbor 4s. 5 Atchison adj 4s. Atchison gen 4s AtlanticC L 1st 4s AtlanC L 4%s 64.. B & O Gold 4 B&Ocvakhs. 106 115 1% 10545 101 964 §8 2000 D... et 5sct. £fimp 6s B&DSW 58560... R & O Toledods. .. Bang & Aroos 4s 51 { Brooklyn Elec 615 | BklyniSlevated 6 4 BKivn Manhat 6 by | BUff R&Pitt 4158 1051, | Can Natates 54 Lots | Cun Nat ates 57 ! Can Nor 4tes 1 Canad Pac deb Can Pac41%s46... 29 | Chesa Corp 5s wi.. | Ches & Ocv 41ss u7iy |Ches & O gn 4igs.. 101 |ChI& Alton 3s.... 1041 | CNY B&Q zen 4853, CB&QI%STTH.. 1CB& Q-1 3Yys... HonicB& Q-1 aiv s, 110 | Gh&E 1 en 58 51. 1051 | CN1GT West 4859, C M&SIP 4s 25 ofs. 1o | CM&SUP deb ascfs 10915 | CM&SPevetgaszers o W (CM&SIPgnates 1007 | CM&SP rf 4igscr. l0%s, | CM&StP v sscfs. I iCM&StPas.. ... 1161 | Cht & NW gn 313s. 1101 | Chi & NW gen 4s.. | Cht NW 4155 2037 10 1021 100t 100t 102 1074 1015 102% i 110% 281 994 9T 101 104% 1054 1105 10 111 105% 104ty 1045 109 98% 100t 107% 107% 1161 10w 98 1073 99 100 10; 1073% JChIRI& Preds.. e (CRIPac4Lswi. ‘3;‘“ Chi TH&SE5s.. "7‘” ChITHInc6s60.. | Cht Un Sta 4345, 934 | Chi Union Sta 5. . 102% | Chi Union Sta s 44 105% | Cht Union Sta 618 101 | Chi& W ind cn 4s. 101 {C&WIsys6z 8% vl 93% 102y 105% 101 101 26 43 103% 108% w54 Y54 1024 101% 1024 1024 102% st 994 103% 104 1% 1034 1064 110% 24 1% 1004 106% 1054 113 111 1u6' 1o 934 108% 9% Del & Hud 7s 30 1024 | hren & 110 G cn 4s. 18_1"‘; D & Rio G imp 55, 2% | Den&R10G 4 %5 36. 102% | D Ri0 G West 5s.. lgé::l Erie 1stcons 4s... | Brie zen 4s. . 99% | Erleconv 4s B 1031 | Erie cvt 55 67 wi. | 104 | Erieconvexr7s.., : 921 | Erie Genessee R 63 25 103% | Fia 15C 5374, 121 106% | Gr Trunk stdb 6 1104 | Grt Northn 418 E. 43 84 [ Great North 5s.. 10 91% | Great Nor gen7s.. 14 100% | Hav E1 Ry 515 51. o4 | Hud & Mun ref 53 105% | Hud & Man ay 5s. . { 111 Cent ref s, 11 Cent 45 53 111 Cent 4 %8 11l Cent Chi 4 %s. ., Int Rapid Tran 5s. int Rap Tr 5» stpd. int Rap Tran 1 Int & G Norad s.. Int Ry C Am 6s 41. Int Ry C A 6%s rct lowa Cent rf 4 Iowa Cent 18t 5 15 1 1044 104% Y9N 99% B9 8Y 118% 118% 106 106 | Kansas City S 5s. . Ken City Term 4s. Lake-Shore ¢s 2 Lenigh val s 2003 zh Val 58 2003 lgz:: 199% ! Cong Isrrassy... | Long Island 5s37.. Louts&Nash uni 43 Louts & Nash 53%s. Man Ry 151 90..... MStP&SSMislsgtd e EX0R = E GRS aemes a@am 107% 1073, | 105% 105 101% 102% 2 102 108 108 104% 104% 9% 100 1055 105% | 105% 106 109 109 " 1 1l 118 | O Tex & M Sn AL 122 122 | N O Tex & M 63 15 yas WIAINYCengen3y D% S0%|NYCendndz 101% 101% | X y Cent 48 48 99% 99% | NYCrfims 105% 108% | N ¥ Cent ¢ 1 6 111% 112 | NYChI&SIL 5% 103% 103% | NYChI&StL 51588, 106 105 |{NYC&BILEsA. 105% 105% | New Haven 355 54 270 270 | New Haven 48 65. 103% 1094 | NY NHAH 4088 NY NH&H db 48 87 1007 (o0 I NY H HavaH cit 4 |~ TOntWiste s | 108% 1061, | N Y Rys e 105 N LK @ —tots cni¥aanmmnPasnnaSamaan 101% 101'% Su% 624 1 100, | Nor Pac 3a 2047 118 11a: | Northern Pac 4n Yo 1bge | Northern PPac 68 D, | Northern Pao r 1 | Ure Short Lirfs s Ore Short L 53 gtd. 106% 105% 1014 101% 1040 104 YOk Yo% 1% 111 104% 104% 106 108 107 107% 108% 1045 | 102 102y, ‘en { Pennsyl 614 PPennsy) gold 7s. Pere Mar st 4 bl PCC&SLLONA Port It L& P 68 42, | Fort RLEP 1%8 46 Reading gen 4% 110 G Went ¢l 4i R Ar ‘ 122% 122% S 106% 1055 | 51 L IM&S 48 20 101% Jo1y | 105 105 | 102% 102y | BT% W% 110% 1104 1165 116% | 4 Frre 110% oz | Y 1oy 110 1o 1oz duzhe | S SLL&SFb%eD.. S L&KFad) 6., Bt L& 8 ¥ Inc 6. . B8 Wconds 32, eabonrd A L 4s Loard AL s ata K BAL el s, .. 123 LALS e bal Wase 1oy, | BEab A L con 6n. .. 284 1At Joae | W18 A1 Wie 6o BB AL 130 106 ou | BB AN FIs 6836 B Hou 1ac 4n 29 103 1035 | Hou I'acing ref 4 104 | Sou Ity gen 4s. . o Ity Con bs 94 4 ity fis 06 Bouthern Ity A% s 10 Term Anso 8 1 48 Tex & 1vac b 17110 8 Inira Ave ref 48 60 [ Thid Aversd) te Tol Te L& 6% s 30 Calon 1'as 181 4 L Un s 44 67 | Union 146 ev 6 Virginia ity o W, 1 100 Wiy 106 107 et 107 ks Wi 1005 yn'y 95 4% 4% 1090, Joiy 166 107 w 1% I:::'v:l Wa e | wan Loirer | Wert Buryiana o s | Western Ma 43w Wentern § West Shor WinCen ki i duetriel projeets, Iy 108t [UTENRUIEN Sales. Hixh Low. 1 83 107 103'% 1124% 104% 1024 1034 106 1007% RAILROAD. 81% 99ty 100% 103% 6 1051 1001 1024 1004 1005 1080 Hhn 1024 e i Kty fNshing 18 one of Florida's in- STAR, WASHINGTON, PRICES IRREGULAR INCURB DEALINGS List. Fluctuates Noticeably, With Main Changes on Upward Grade. 2:55. e 1071 107 95 % 104 108'% 100 85 106% 1021 4 112% BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, February 17.—Ignoring favorable developments in the over- night news, operations for the rise in the curb market today were carried on . only in issues where there were special incentives. The list as a whole fluctu- ated irregularly, but with the main price changes on the side of advance. There appeared to be no top for the spectacular Bancitaly shares, which were carried up more than 6 points further. Repeated warning of exces- sive speculation by officials of the ccm- pany went unheeded and there was rea- son to believe that a technical corner had been brought about. The president of the Bank of Italy was credited witl" the statement today that “there is no assurance, whatever negotiations may .. | be in progress, that they willsbe con- cluded.” This was in reference to the proposed merger with Eastern banking interests, Pipe Line issues were carried into new high ground, with Prairie Pipe still responding to the estimate that 1927 earnings would be around $27 & share. At 216 the price was up 6 points. Illinois Pipe Line crossed 187 after leaving off Thursday at 180. Northern Pipe Line advanced another point to a new top at 105. In the case of this class cf oil ~ompanies hecavy production of the past year apparently has worked out favorably because of in- creased pipeline runs, whereas it has acted adversely against the producers and refiners. Vacuum Ol felt the ef- fect of the first cut in crude oil prices since last Spring more than most others. | The new Drug Products, Inc.. capital stock of no par value, was admitted to trading. The price fluctuated actively between 8035 and 80 most of the session Donler Die Casting made a new high, as did Sparks Withington, which was| reflecting prospects of increased dls-l tributions | 104 104% 100% 10814 3% o7y 101% 0ty Wall Street Features ¢! NEW YORK. February 17 P).— Softwood lumber mills of the country had orders for 58.000,000 feet in the | week ended Pebruary 11, or 30 per cent {1arger than a year ago, the National} Lumber Manufacturers' Association re- | ports. Shipments and production in- creased in much the same proportion. | Compared with the preceding week, the | volume of buying was about the same, with little or no change in production, but shipments fell off noticeably. Un- filled orders of 217 Southern pine and =, | West Coast mills were 541,055,849 feet, | 374 | against 608,644,241 feet for 215 mills| b3l the week before 105t 113 | EARNINGS SHOW INCREASE—In | contrast to loss of $155690 in 1926, {Century Ribbon Mills, Inc. earned s $68,384 in 1927, equal to $442 a share jon the 7 per cent preferred stock. | METAL CO SHOWING.—American Mstal Co. Ltd.. earned $363 a share on the common in 1927. after preferred | 7u | C.vidends, against $3.88 a share 441, 1926, Net profit declined to $2.513,764 1011, | from $2.657.309. | NOTES ON LEAD PRODUCTION.— | ¥ | Production of crude lead in the United ™| States and Mexico in January was! 76.861 short tons, against 79,073 in De- | cember, and 79593 in November, the | | American_Bureau of Metal Statistics “ | reports. Refined lead was 77.316 tons. *!against 77.217 the month before and 74,801 1n November. Stocks of refined |lead in the United States and Mexico |on January 31 were 36,418 tons, against | 32,365 a month previous and 30,016 at the close of November. sl 85 COTTON SHOWS GAINS| IN EARLY TRADING | Advance of 16 to 20 Points Noted.: . | But Sag Follows Early i Buying. | i NEW YORK, February 17 (#).—The 584 | cotton market opened steady today at | 92% | an advance of 10 to 15 points on rela- 102 |me|y firm Liverpool cables and belief 100% | that rains in west Texas had been in- #6'x | sucient to relieve droughty conditions. 95 | The advance met realizing, but offerings | 6% | were comparatively light and buying 103% | continued. May contracts advanced to | 109% | 1578 and October to 18.16 by the end | 107% | 6¢“the first hour, or about 16 to 20 | 1074 | points net higher. | Private cabies reported hedging. and | Manchester liquidation had been ab- sorbed by calling and local buying m{ Liverpool, but that the cloth turnover with India had been disappointing, al- 24+ | though China advices were encouraging | T’ | with improved sales | Lis.| There were comparatively few buying | paie lorders in evidence after the carly de- s | mand had been supplied and prices sag. s, | ged off under realizing by recent bt i and local and commission house sell- ¥i'% g AL midday prices were Within 4 iy |OF 5 points of yesterday's closing quo 1084 | tations with May sel lling around 1813 | 116+ | and October 18.03 9% | | [VERPOOL, February 17 (7). - Cot- | 1 ion spot in moderate demand; prices Y| pipher, Ametican strict good middlng, | 106 10:80; good middling, 10.60. strict mid- 1044 | giing’ 10.35; middling, 1025; strict low 104% | byiddisng. 10 15; low middiing, 10.10: 112 {ivict good ordinary, 9.8, gvod crdinary. 5% | 965 ‘Sales, 6,000 bales, including 4,400 955 | Amertcan. Recefpts, 23,000 ° bales; American, 14,200 bales. Futures clrcd Steady. March, 972, May, 968, July,| 9.65, October, 9.49) December, 9437 | January, 9.46. RAW SUGAR STEADY. | NEW YORK, February 17 (#).—The vaw sugar market was steadier in tone carly today, but no sales were reported and prices were unchanged at 4.14 for Cuban duty paid More favorable udvices from London and lighter offerings in the spol mar- ket had & strengthening influence in the raw sugar futures market, After jing unchanged to 3 points higher, prices continued firm throughout the remainder of the forenoon and at mid day were 2 to 3 poits net high Trading, however, wis less nctive and prices responded o moderate covering from houses with European nnections and fresh outside buylng for invest- ¥ ment The decline to the 560 level for fine granulated by local refiners falled to create increased buying and the de- ' | mand was again light 10 * BAR SILVER PRICES. Bl on 10i% | LONDON, February 17 (A%~ Bar 98 | sllver, 261, per ounce; money, 31 per 100% | cent;” discount ‘rates, short bills, 41.a 49 per cent; three-month bills, 4% per cent. 0 NEW YORK, February 17 (4% sllver, 67", Mexican dollars, 437, Whales in Hard Luck. One hundred and Afty whales chis- g shonls of herving plunged mto shal- low water, became frightened, and lashed themselves to death W Moray | and Dornoch Fitls, Scotland, 95 1024 100% »6 “ o2y, 101 10074 1 1021 101 1007, WY Bar 1064, Has 102t 102 100 10ty [T BEn Wty D. C, NEW YORK CURB MARKET Received by Private Wire Direct to The Sgar Office’ Following s the list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIALS, High. Sales hundreds. ol Prod it South Low. A.. 3t Did 16 « her . m- Drug A Bk nt oo Wi 5704 > L 14 ELF 7 in iz S o 262290 0508 5 2 17 ¢ i Cons Film . . 14 Cons Film pie or 34 Doehler D C €. 3 ominion §°Ltd . 1 Drag_ Prod wi.. . B & l(;!"‘: B &S Cor Sh pfd. P& Lop wa 2 E F Fanny Far Inc. . Fansteel ‘Prod. Fed Metais T iInsur Co N AD Rt 0t Cig Mach Co 102 Tl A 9 1 Kawneer &0’ il 105 Tibbey Ow ShGI*] it Vel a 1 Marmon Mot S Marvel Carb Casualty. Bottling casport Tin P 3 106 3 L1y i ¥ 0y Tel Co pta 1113 < & Shep Shen' nr sem Prdl. X rih O Pow ¢ 2 131, w: 401 104 i pt 04 VAL Ed E: Lty 4 war re < S P & L Al Asen BRIV en Mot Trk vic 1o Grocery Span * Suarks Withing Tob Sarit Mfe 106 an Co e 11 I+ Paper. . 50 n 1 1 Stute 40 Swift 1 Swift 1 Syeae [ Ma B & A ¢ bW Ol W WP Shar whd <ol Auto Np pl e S Wi " [ ol M (it Ry e Wuwhes s A0 Touopali Eat | fan i, FRIDAY, FEBRUARY 17, FINANCI |BOSTON WOOL PRICES | STILL TEND UPWARD. 1928. | . |Fine Products Offer Greatest 0p- | - portunity for Business—Foreign | Markets Report Good Clearances. | £ er 2i Wenden 10 West. Sales INDE in hundreds. 113 Am Con_Oilfids bAm Maracai # Ark Nat DR X Vi ELY e BOSTON, February 17 (#).—The | AL. LOANS ANY A estats 10 D C Md and Va Prevailing Interest and Commi KENNETH M. LIVING 503 American Ridg.. 1 Main 700 and MORTGAG ouse 2, Secured by re: . nearl LIFE $5,000 INSURANCE Protect your family—Send d: hirth for a Low Cost Hinst; LE ROY GOFF $14.65 Insurance in All 1 Branches 610 Woodward Bldg. i Main 310 Commercial Bulletin tomorrow will say: “The wool market is still rising. Both in the local market and in the foreign ' markets prices are against the buyer by | par to 5 per cent for the week. Fine wools in the market offer the greatest opportunity for business, medium wools being well nigh exhausted. H il cor. BGull Oil of Pa. . Houston ‘Gulf 0 U Pet Oil. . | able terms. applications. |W. H. WEST COMPANY 916 Second Trust Loans Second trust loans secured by D. C. real estate, made on very reason- Prompt attention gives Founded 1894 H 15th_St. Main 9900, “About 110,000,000 pounds of wool are } estimated to have been placed under | : contract in the range State of the West, || | prices are fully maintained throughout the West. | “Manufacturers are making slight | advances already on medium-wooled | goods, initial openings of which were | ‘made about three weeks ago. “Foreign markets this week are rising. | Good clearances are reported in all | primary markets. H “Mohair is firm but not very active here, there being little available in the market. Small lots have been taken on the goat's back in Texas. Foreign mar- kets are steady. “The rail and water shipments of wool from Boston from January 1, 1928 | |to Pebruary 16, 1928 inclusive, were 33.217,000 pounds, against 30,660,000 | period last year. 1 Reiter-Fos ~Oil. 1 Rich Ol Cal pfd 2 10 Royal Con O & R 1 Salt’ Ck € alt ( i 1% 3Tl O 1 Venezuelan Venezuelan e 1 Wileox 0 & G Sales in STANDARD OIL ISSUES g units. AND FORMER SUBSIDIARIES. 3400 Anglo Am Oil.. 20 10% 19% 300 Buckeye P L. w0 " G0 B5¥OO Contl_ OiL . % 16% 163 200 Cumbes 108" 104 W% 185 36 5 60% lar 0 Ind. . S O Kansas. S 0K i same period last year.” ! 50 Swan & 3600 Vacuum 01 DOMESTIC W | GOES TO LOWER LEVEL | . | Chicago Market Affected by Fa- ' vorable Crop Outlock—Grain and Provisions Easier. CHICAGO, February 17 (#).—Influ- | enced by snowstorms making crop con- o | ditions more | Winter wheat, values averaged lower ! 5% | in the wheat market early today. Be- sides, confirmation of reported big pur- | chases of Canadian wheat for Russia | remained lacking. After a start at| % decline to a shade advance wheat . BONDS housands. 8 Ala Pow 4lis 3 Alum Co Am Cyanamid Gas & EI 681001, Nal Gas Blas 04 & Lt ts 1051 1001 2 10in Corn, ocats and provisions were also! easier, corn opening unchanged to !;a 3 off, and subsequently keeping near | to the initial figures. | Skepticism about reports of big buy- | ing of wheat from Canada to be saip- | * ped to Russia showed itself quite pointedly at times today. Liverpool ad- vices were to the effect that no trace of any Russian buying was apparent, and it was pointed out here that the Baltic is usually icebound at this time, | remaining so until about the date that Spring pavigation is resumed on the American Great Lakes. . | The most definite fresh news avail- able today concerning breadstuff pur-| | chases for K Russia was that a little flour and wheat, both from North | America and Argentina, has been | bought by Russia. It also was stated that Russia will be in the market from {now on, but in a conservative way. | In some quarters it was surmised that | if Russia is deficient in her Winter | wheat acreage and desires to increase | her Spring wheat area seed wheat from Canada would be the natural method ! of acquiring necessary seed. and #f she is short of seed wheat she be in need of wheat for food. TREASURY CERTIFICATES. bee. Pub 6% Jcont G & A on G&E tizs A 10 ] otations fursished by W NEW YORK. February 17 . —For- !eign exchanges steady: quotations |cents)—Great Britain. domand. 437 | cabies, 487 15-32. 60-day bills on banks. 1483 3-16. France. demand. 392% . ca- bles, 3.93. Italy. demand. 5.29%y: ca- PO T IN TN 62 100 100 1 Glas 963 06l 5 76 Switzerland. 19.23: Spain, 16.93. Greece. 1321:: Poland. 1135 Csechoslovakia. 12964 Jugoslavia, 1.36%: , [14100" Rumania, ' 6113 Arge 42 . 1200; “Tokio. : Montreal, 99.81%. Salesin FOREIGN Me SHORT-TTRM SECURITIES. (Reported by ) & W Selixman & Lo N Rk s BK Ts 4 & Ohio o3y an Pyt Cor. 413s 1 ate B4 C 39w 1D Nat Ry Nor Rv Danish Cong 1 Ak Aven € e 10 et As 1840 Je 10 1 Clswint & | Faton O ot Cal | o Bac ROR TS Rubher Tl 1 me o Aty By 1ass : PRI NRth 30 24k T ol Nt . 1A A DR ITER NN RIS L s RN DN | Il;xl 15\ SER N. Y. RESERVE BANK REPORT. NEW YORK, February 17 (A%~ The statement of the condition of the Fed- eral Reserve Bank of New York at the | close of business February 15 shows: | Total gold reserves, $994.996.000 IS el LINES INDICATE | AONTHLY NG AND Low ‘Total reserves, $1,027,157,000 i i | PO ST SO0 Bllls discounted secured by 3 BONDS § 48 226,900 ment war obligations, $11 Other bills discounted, $38.857.000 Bills bought in open market, ‘M.!DLI 0. Total United States Qovernment seourities, $80,618,000. “Total bills and securities, $330.824,000. Uncallected items, $233,797,000. Federal Reserve notes in actual elreu- lation, $347.293,000. Due (o members | 143,040,000 | Ned earnings for common Total deposits, $939,733,000 | jaarain Ratio of total reserves to deposit and | 33 Federal Reserve note labilitles com- bined, T8.8 per vent Qavern- 000, { PER SHARE ANALYSIS l What s Back of Kach Nhare | June 0, 1wt e shace. | Tofal wewas sasts Lo i o | Preformed siovk amt bonds . $101 08 | npaid vutevnt Nl R ! ve ‘aad suaseuse | ELU I Reserve account, iitad SHaase s LR s\pir gb v idond o 38 Rave been i o LMWL extepd 10 e vear st .- avgea, ek Tar Y voare et 93 04 A TMock yiekta 44y Lions are still a source of serlous (Cansult vour hauker o heoker for fur | trouble on the Cape to Oalro line, and | her IEmaien as e vaus bak R herds of elephanta tear up the valls. S0 0oen wi toe NN, s S pts [ February 16, 1928 inclusive were 32,165,- | 400 pounds, sgainst 40,165,600 pounds i for IMWHEAT\ | T LOANS | Let us have tions_for LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 926 15th St. N.W. your applica- Mortgages Investments JAMES Y. PENNEBAKER Member Washington Real Estate Soard Main 5328 1520 K St. N.W. favorable for domestic | K3 might easily i "Smart Sprinz Woolens from England and Scot- land are ready for gen- tlemen who appreciat quality fabrics and tail- oring. 2 underwent a moderate general setback. {¥ Moe ney Loaned At Low Interest Rates Tyler & Rutherford Representinz Mutual BeneSt Life Ins o 1520 K Street Main Secured by first Geed of trust on real estais Prevailing interest and commission {guph 1. Weller 420 Wash. L. & Trom Ridz. 9th & F \ W} Invest in Guaranteed €9 First Trus Notes Secured on Dist ik and ihia County. Md.. dwel Denominations of $250, $560 and $1,000 Title & Investment Co. of Maryland 1512 K St. NW. Phone Main 2676 FIRST Mortgage Notes Safe—Conservative consistent with absolute safety m i Sa:mdeirs Co nc! REALTORS Main 1016 1433 K with D. C. Taxes Refunded IRST National Bonds, legal for National Banks, pay 0 ¢ interest, provide for payment of the Federal income tax up to 1%, and for refund of the Dhs- ict of Cotumbia tax Behind each $LO00 bhoad are fiest mortgages on real estate val each hond, alsois the ® sponsibihity of The First Na- tional Company, of finoee, M., with capital and surplus of SIS, and total e sources of $7,088.333.71. ASt for Cuvulee X W THE First National Company B