Evening Star Newspaper, March 19, 1928, Page 11

FIN ANCIAL. SPECULATIVELIST OF BONDS IS ACTIVE High-Grade Issues Dull but| Firm—Utilities Qyiet and Irregular. BY CHARLES F. SPEARE. rial Diepatch to The Star t | Belgtum 73 1956, COTTON GOES LOWER ON WEATHER NEWS ZFailure of Liverpool Prices to Im- prove Also Factor in To- days Decline, Sales. High. 10 10110 102 24 2 100 12 10; 102 10729 Lib3d a%s. Lib ath 43¢ 143 US 3% 43-4 36 US3%s. 85 US4s1944. 111021 USeuss: 11521 FOREIGN. Argentine5s...... 3 913, Argentine 6sJub9. 3 1004 Argentine 63 A.... 13 1004 Argentine 6s B. 100% Australia 68 1955 al ustralia §s 1957 9 Austria 78 | Bank of Chile 63 | Belgium 6 19 98y 1014 1084 10 1084 1063 115% J3EEN i Belnum 78 195 Belgium 73 Beigtum 8s, Bolivia 8s, | Bordeaux 6s 101% Buenos Alres Canada $s 1931, 102 1011 6 103 111 2 110% | Chflede 1902 | Chile 85 1946. { Chinese Gov Ry | Con Pow Japan 7 | Copennagen §s ct. | Copennagen 5% Dutch East 1 6s 62, E! Salvador 8s48. | Finland s f 63 45. F Framerican1%s. French T | French 743, | German 7s. Ger Am Bank | Ger Gen Elec T | Hungary T4%s. ltaly 1s. | ltaly Pub Ts. | Japanese 4 | Japanese 6348, | Marsellle 6s « 100% 1043 103 957y 9Tl °3% 103 101 - e PANToR Y i OO o o 9314 1024 954 “5 102w 160% 102 102% 102 10i% 99% 104y | Norway 6s 195 | Orieat Dev deb 6: , Paris-Ly-Med 6., 28 | Paris-Ly-Med 7 107% 107w m.~.‘ lowa Cent rf 4, 107% Bi | Poland 7s (rcts) Sl Pnhnd L 106 1084 109 108% 110 93% 105 10 1 101 9874 1045 112% 80% Riode Jan &8 19 RiodeJan 83 47 Rome 6%s.. Sao Pauio 1550. Sazon (PW) 7s. ‘olmi‘all"l. g Utd Kingm $ %8 31 1063 Utd SteamCopen s 1 981y 109 % MISCELLANEOUS. ! | Anaconda ev ab Un.llsted Stockx & Bonds SMITH-HENDERSON & CO. 418 Sowthers Bidr ____Muin_eurs 1st Trust Loam Any Amount D. C. 2nd Momigomery County Largze Construction Projects FRED T. NESBIT 1016 Vermont Ave 0 #2902 We Will Purchase WALKER HOTEL CORP. 87 BONDS International Bank Bond Dept. %47 15th St. 1 Morigeges Investments | | JAMESY. PENNEBAKER Mrescber Weshinglon Baal Er ';‘lil i w0y ELY VRO koY Govy o AV e Bosnries Buck & Company PO e Stocks Bhndn. (.'rbm Cotton Write PL(K A'\!) (')MPAN | Andes Copper 7s. Armour&Co 4 %835 Armour Del §% | Atiastie Refin 51 Barnsdall 63 1540, EeliTel PaSsB... Eell Tei Pa §3C... EetblenemSu pmSs Beth Steel rf 53, ... Eelh Eteel 53%5 53. Eeth Steel 63. nile Copver is... Col Ges&El deb S8, | Con Coal 314 18t b8 | Lon Gas N Y b%s Detroitkdison Detroit Edison Dodz: Fixk Rubber 48 en Yot Ac Cor 6 Govdyear Garcts. . Hoe £Co 6l H 0 U1 §3.... O&R u‘fil int Ster Marine int Paper bu a7, Inter Psper 24 6 vt TelaTelen ¢ e ls (thnts. prett & Mye l7 | i | ! | | Har Bisres Fower § ab kit tatz er et bn o 1447 2 1 z 2 pur ftie aw Ton 6 ton by 6a 12 = fu 1et el b8 8 Kb 1., . Ereel of O8 uh Fow & LA be, ner Bug 1889, . VR Kin6 U8 ssise Sales. High, Low. 2 % 105% 105 285, 10224 110 21 11521 5. 9% 9lis 100t 100% 100 100% 100 100 98w 98 1005 1014 108's 1083 108 108 10615 1061 115% 115% 111 105% 105% 100% 101 1010 1014} 1021 102% 101% 1011 103 110% 111 1104 110% | | 10% 111 110% 110% | « 1035 | F 108 108 1170 1174 | 1074 1073 § 100% 100% 1031 1044 102% 1027 | 9T 933, 93% 103 103 100% 101 23 93ia 934 1021 1024 9% 95 e4% 94m 1024 102 100% 100% | ¢ 102i2 1023 | 102% 102t | 162 102 100% 109% 99y 99% 106 10| 107 107 | 4N Bau 91 9l 100% 100% 100% | Kan City Term 4 106 106 108% 10R4 1 108 105% 108% | 119 110 93% 93% 108% 108% | 162 102i { i 101 101 | 99% 955 104% 104% 1120 1120 50 804 9% 92 105 106 9514 98y 109 109 BN ysk { | 1 107% 107 103% 105% | 1084 10 1024 102 109 109 1064 1064 09% 109 10013 190% | 1053 1053 1% 11l 127 JZH‘ 92 92 S0% 90% 10z 102 9% 100 " 103 | 9z u-.‘ 108% 1064 104% 104% | 108% 1084 PP 103 103 6% 116 2% 103 2 9 ’)1 1004 2% A’:(".I S 105% 1004 300% | 105 195 105 105 100% 191 | 108% 163% | 96 97 1128 11 195% 105 196 106 1994 10k 105 192 S04 198% THE EVENING .STAR, WASHINGTON, [ovsew von_BONDS o swcran] Raceived by Private Wire Direct to The Star Ofica Quotations to 2:55 p.m.—Final Quotations in 5:30 Edition. UNITED STATES, (Sales are In $1.000.) Low. 10110 101 10 10224 10012 100 12 9 10816 10317 102 26 102 26 10728 10729 110 21 11521 . High. Low, 255, sal 6 112% 8 104 2 102ty Westn Unlon 6%, Westinghou: Willys-Ov. : Wilson & Co lsl 6s. 1 103'% WinRepeat Ar 7%s 1 106% Yngstn S&T s w.i. 78 100 RAILROAD. Atchisongends... 4 98 Atl & Dan2d 4s48. 5 74 6 97 16 100 18 104 108% 12 Can Nat 413s 54 Can Nat 4%s 67 Canad Pac deb 4 Can Pac 4%5 46. .. Centof Ga §s.... Central Pacifie ¢ Chesa Corp 63 wi. Ches & Ocv 4% Ches & O gn 414 Chi & Alton 3% Chi B&Q gen 45 CB&Q4%SITB ChiB&Q letres Chkh 11 gn hi “'est 4l59 Cht Cht Rl&Pgnl!. Prf4s... ‘s w CCC&StLrfésA, Clev Term 58 Cuba R R §s. Cuba Nor 6%s cts., CubaRR 7%s.... Del & Hud 1st rf 48 2 Del & Hud 7s 30, i 108% 108% | D R0 G West s, Det United 4% Eriegen 4s.. Erieconvis B Erieconv 4sD. riecvt 5867 wi,, Erie conv ext 7s... Erie Genessee R 63 Fla EC5: Gr Trunk stdb Sl.. Grand Trunk 7s. GtNor4%s76D., Grt Northn 4248 I, Great Nor gen 7s.. Green B& W db B, Hud & Man ref 5s. Hud & Mana o o ~ nl Cent Chi 4348 11i-C-C StL&NO 5 int Rapid Tran 5. Int Rap Tr bs stpd. Int Raptd T 8 | Int Rap Tran 7, Int & G Nor 1st Cl. int & G Nor ad 6 Int Ry C Am 63 41, _;..Z:,.-..-a.ve‘.w mlawnalanalrnmn Kan City Ft S 4s, KansasCity S 2s., KansasCity S §s 0 or e 010 00 e Lake Shore 4s 31., t':’rz Vaicn4s.. ehig] con . Long Is rtuu.‘.‘. | Long Isiand 55 37., | Louis&Nash uni L &N 43382003, Louis & Nash 5% Louis & Nash 7s. Man Ry 1st 30, Market St 78 40. MilEl Ry & L 55 51 MU EIRy & L5s61 MS:P&BSMend¢s MStP&SSM5s38ztd | MStP&SSM 5y MStP&SSMel,s MEK&T 1st 48 M M 1 P a8 10 10 s o Pacific zen 43, M0 Pac s A §5.... Mo Pacss ¥17...0 Nassau E14s 51, N OTQ!EH&.B L1 NYSate I'y(%n. NY W &Bos4igs. orthern Pacri6s Ore Snort L rts ¢s. Ore Wash 18t 48 Pennsylicon 4., Pennsyl gen 43 | Pennsyl gen Ss. | Pennsyi gs 64. ingJ C4as o1, BIArk & Lays,, vy 16174 ¥2% 104 102% 101% i 102 4b0ard AL 4sata Heab A Liref ¢n. £ {soa 12 6825 A, All ¥la 6536 B, Bou Py Bou P £ou Ry Con 68 9. Southern Ry 6% | TexArk 5 t800 Tex & a0 68 71 s Thira Ave ref 4s 60 2 Third Aveiads 6u.. 7 Tol Tr L&P 64830 ‘uton Pac 1ut es,, nion Pac ixt 1t 48 UnPacst%uer,,,, v 1y ist om ussh b8 8., Wext Maryianag as. | West MaGye 1., | % y V3% Y] 1% 19T 102% 102 #7 )1 108% 104 ern Pacinc s, RUBBER PRICES SOAR { Big Credit Irr ‘Pm:l ' Hag Bullish Effect on Market, NEW YORK, March 19 Fubias prices rose ahout 3 cents a pound | | nte ew York Rubber Exchange v | WInWer etraghts, trade apparently je announcement thet a credit | arrsnged for ol $60,000,000 had been e American @ e gh record. July contracts opened st {nearly & {Chusing prices, o U 2680 cents on profit-tak sed W 2180 cents mall recessions on Lsh rubler sentimen {the 150ck Exchange, where . Gooayear and Goodric & points n1eed by rew office bullding J-'m, will cost nearly § 2 101 “rubber pool. during the first hour Wialed 2,117 Wns, [ 1w pound above Balurday's d Lo 2880 cents, felf | Prices for May | Ve frum 2630 cents o 2810 and for | 10U, | Beptember,” trom 2110 w2680, with profit-taking Bull- wppeared also in q smeller galis were re- V»,y Bpringheld, Fisk and | UTILITIES lEAI]ERS ON CURB EXCHANGE Marconi of Canada Again Is Active—High-Priced Fa- vorites Are Sold. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star, NEW YORK, March 19.—Leadership in the Curb Market today was assumed by shares of utility companies. The procedure in the past has been to bring these shares into lline when operations for the rise in other industrials. after pfolonged advance, shows signs of abatement. Blackstone Valley Gas and Electric, offering favorable prospects to share owners because of pending affiliations with other prominent uiility properties, was carried forward some 3 points to its previous high for the year. Com- | monwealth Edison was another favorite, although the improvement here was not as pronounced. Electric investors and United Light and Power class “A" were in demand among lower-priced issues. Middlewest Utilities Up. The upturn in Middlewest Utilitles | was part of the generad rally, but it also reflected publication of the North- | west Utilities Co.'s favorable earnings statement for 1927. The former com- pany is owner of all the common stock of the latter. The record-breaking turnover last 105% | week in Marconi Co. of Canada, 100 | amounting to more than 1,750,000 1011, | shares, was followed by continued ac- 106'5 | tivity in the issue today. Realizing 95 | made fiself felt at the close last week 97 | and the tendency was to take down 109 Hunher profits today. ‘The price { 3 | opened at 675 on a block of 18000 shares and subscquently receded further, but the manner in which offerings were | absorbed was noteworthy. | Favorites Under Pressure. | ‘The unusual speculation in this issue | .| has been coincident with like develop- | * | ments in related issues on the London . | Exchange and has caused considerable | 99% | comment both here and abroad. A 105% | fysion of radio and cable interests, plac- 113% | ing companies involved in a dominating 812 | ctrategical position in this field, has | been the prime reason for the activity. 15% | High-priced favorites of last week | l”‘] were under more or less pressurs at ntervals, but these offerings repre- 112% 112% 104% 104% 1024% 102% 10315 103% 106% 106% 100% 10074 9N . 96's 1008 103% 100% 104 1081 1005 101 100'% 1014 9519 99% 100% 1064 26% 101% 9214 10143 101% | of such issues as Tubize Artificial Silk, | 9244 | Melville Shoe, Bancitaly t:o—poranon 101's | an@ Safeway Stores. xom.t 106% 9% | 79 | '6 1,,, *a| BALTIMORE. March 19 (Special)— m\e poultry—Turkevs, po %6 lold, 35 poor and crookid breasts, 3 11' | Winter chickens, 40a45: young chickens, 15 |33a35; Leghorns, 28a30; poor and thin, |23224: old hens, 24a28; poor and thin, 120a22; capons, 30a40; old roosters, 15a 18; ducks, 30a32; poor and thin, 23a . |24; guinea fowl, ‘each, 40a85; pigeons, | 592 | pair, 45a50. 101% | Dressed poultry—Turkeys. pound, 3/ 921, 845: old. 35236: poor and crooked 100 | breasts, 25; young chickens, 33a35: old, | a7 30; roosters, 17al8; ducks, 25a30; | 104 | capons, 32a42 | 10415 | Eggs—Receipts, 1.624 cases; native | 1034 8nd nearby current receipts, in free | | cases, 22a2515; strictly fresh, dozen, 27 71% | 2271 2: duck eggs, dozen, 39a40; goose | 994 | eggs, dozen, 75a1.00. i | 105 | "Butter—Good to fancy creamery, 103% I pound, 48a527,; prints, 53a55: blocks, 91's | 52a54; ladles. 35a37; rolls, 30a35; store- 100's ' packed, 29a30; dairy prints, 30a35; 94 process, 30a35; process, 41a42. N Live Stock Market. 4 Cattle—Receipts, 107 {dull on_steers; other grades y. | | Steers—Choice, 1300 to 14.00: ood 1150 0 12.00: medium, 10.00 t 13.00; | common, 9.00 to 10.00: feeders and, | stockers, 8.50 10 11.00. Helfers—Choice, | 11.00 to 11.50; good, 9.50 to 10.50; me- | ““dmm 800 to 9.00. common, 6.50 to 61, | 1.50: feeders and stockers, 6.25 o 8.50. | . Bm.s—c‘wlce stable. 8.50 to 9.00; fair | w0 good, 6.75 to 7.75: common to me- | |dfum, 500 to 645 Cows—Choice stable, 7.00 t 9.00; fair to good, 6.00 to 750; common to medium, 3.00 to 5.50. Sheep and lamb—Receipts, 600 head; light supply; market higher: sheep, 13.00 to 850: lamb, 1000 to 17.40. | Hogs—Receipts, 3.600 head: moderate market lower; lights, 890; s, 890, medium, 9.35; roughs, o' 7.50; light pigs, 6.75 to 17.25; 8.00. Western hogs, 10 to 20| igher than quotations Calves—Receipts, 450 head: light supply; market steady; calves, 5.00 to 15.00. i lu. 3 | 1024 10 !73’% 1054 103% 112 | 105 | i Hay and Grain Prices. Wheat—-No. 2 red Winter, export, | 3 red Winter. export, no quo- No. 3 red Winter, garlick: 1.14; corn | 105% 1.6 Corn—No. 2 yellow, domestic, 2 contract. export. 1.11%;] 5.0025.50 per barrel, o. 2, white, domestic, 67a68; | No. 3, 66a67. | Rye—Nearby, Hay—Receipts, nome. Hay is arriv- ing here in fair quantity, but the de- mand for hay locally is very limited | and not enough actual business is pass- | ing to establish quotations on the vari- | ous kinds of grades. Range of prices is about 14.00 to 17.00 per ton for good hav in timothy and clover mixed. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 2, 13.00a14.00 Country Produce. Potatoes, white, 100 pounds, 1.25a2.25; | new potatoes, bushel, 1.75a3.25; sweet potatoes, barrel, 3.0024 00; yams. barrel, 3.00a4.00; beans, bushel, 200a4.50; | beets, crate, 1.7523.00; cabbage, hamper, | 1.7582.25; caulifower, crate, 2.00a2.2 carrots, crate, 3.00a3.50; celery, crat % | 2500350, eggplants, crate, 250a4.50; 126% | kale, barrel, 1.75a2.25; lettuce, hamper, mmz 75; onions, 100 pounds, 3.00a4.00; bushel, 00a3.50; peppers, crate, 3u<m 00: parsnips, basket, 25a35; rad- | ishes, bushel, 350a4.00; Spring_onions, 1007 | 100, 1.50a1.75; spinach, bushel, 7531.00; tomatoes, crate, 250a750; turnips, basket, 20840 100% bushel, 1.2563.00; barrel, 3.50 108% pefruit, hox, 4 00a550; oranges, 108% strawberries, quart, | | | MILLS SPEED OPERATIONS. W YORK, March 19 (4).—Forty of the American Sheet & Tin !;.1: Co. In the Shenango Valley, Penn- sylvania. will go into full operation on Mlnh 26 for the first time In months. | This action 15 regarded as a boom for the distriet NEW YORK MARKETS. NEW YORK, March 19 (®) —Flour, | sready; Bpring” patents, 7454790, soft 7104730, hard Win- 1 i‘\'|7 #0. 135% £. 0, b | | | ). ~Cruge . Tlter straights, e a e 4t | No. 2 Western, and 134%, ¢, 1 { export, Pork, frm; mess, 3100, family, 3250434 50 Lard, {firmer; Middle West, 11.85a1195, Tal: low, steady, special loose, 8y, extrs, | “Trading 26 B0 cents EAB.NI.NHB LARGER. NEW YORK, March 19 (4 —'The Bt Hocky Mountaln & Pacific carned $257 u share on the common stock 1n 1927 after preferred dividends, agalnst $190 a share the year before TREAQUBY CERTIFICATES. CReonted by 3 & W Selismin & Cod Ing und re- U 8. Rub- b advanced | ln ‘Tokin, 500,000, C.. MONDAY, MARCH 19, 1928. 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: Salen INDUSTRIALS hundy 07 Creoln Synd 4 § Crown Cent Peie 1 Emo G&F ui ot 1 Mexico Ohio § Mopnt Prod Y. salt Ck l'wrl v 4 Tidal i e 7 Yeneruelan Prt. A6 1 Wite = 0 & G 101, Salesin NDARD OTT, 18 UF e TPORAER S BEIDTART 600 Anzlo Am Ol G 213 Am Pow & 1 pt 8 am Rotling Mill. DAm Soi & Ch vie i Am Sal & € p'ne Amer Sitpern” A $Amer Superp pid | firmer, corn starting %, to 7 i FINANCIAT. WHEAT PRICES RISE | s 3 stocks of wheat on ocean passage, world shipments of wheat for the week ws small, only 14.969.000 bushels, comparsd ON llvERPool NEws with 21526000 a year ago. On the other hand, Nebrasca official reports . sald the condition of Winter wheat has i |r:;nrr ed 2ince February 15, and private adv today indicated that. Larger Domestic Harvest Outlook damage. Gl Indiana and i K have 2 fl"f cent larger acreage for r- in Some Districts Reported Yest (han ladt yeor i Talk of big export business in eom at Chicago. overnight gave independent strength to the ecorn market. It was current 208sip also that corn movement from central is is practically were good buye By the Assoriated Pre CHICAGO, March 19.—Helped up-, ward by an unexpected advance in| f wheat quotations at Liverpool, the wheat | market here scored early gains today. | FEDERAL I.AND BANK BONDS rpool reported better demand for| . wheat and there was also a decided fall- | prs s ing off in the amount of wheat afloat for Europe. Opening at 35 to 1 ad- vance, Chicago wheat later scorcd addi- tlonal gains. Corn and oats were also up, but subsequently reacting somewhat. Pro- visions tended to sag. | In addition to uniooked-for upturns in Liverpool wheat prices today and more than 2,000,000 bushels decrease in FAm Saoer o i $ w0 Gae & EL. Atlas Piswood . 5 Atias Port Cem 26 Auburn Auto i Babe & 200 Buckers P 3 104 % o ptd 54 Winter it "uunhn A| & 11 Borden ¢ i Bway I 86 Bklvn ity 1 Budd_ Mz rowley 2 Davexa 5 1 Davenport Hos. . 5 Debenmha see wi 5 Deere & P&L optl war Househ T S \\u-v,; 7 ishell Pi 2 Pender 1 I Penn Gae 2 Denn Gnt h el Chalfant i Spald A G & Reo 13 50 8 n FOREIGN EXCHANGE. tions fursished by W B My Nominal gold Seilts valus (or o andon 345 First Mortgage Loans In the District of Columbia and Nearby Maryland 3—5—10 Year Terms Special prepayment privileges Prompt Replies 572% Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Avenue Main 9700 Houses Office Buildings Apartments Stores Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary * Organized 1879 48th YEAR COMPLETED Assets ... «..$5,292,042.70 Surplus ...........$1,511,115.87 Subscriptions for the 94th Issue of Stock Being Received NEXT PAY DAY—Start Saving Systematically in the Equitable There are lots of ways to spend money, but only one way to SAVE it—and that’s the SYSTEMATIC way! Don’t just live for TODAY—start in now to build for the FUTURE! Start an account here. 915 F STREET APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. 5% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th Street N.W. Main 8100 What’s Your Average? URN back over the years you have' been making invest. ments and consider your average profit from specula- tions. Weigh your losses against your profits, add in your div dends, and compute your net return. Has it been more than 6% ? If it hasn't, you aren’t investing your money wisely. The time, thought and labor attached to buying and selling for a profit i worth money to you and it should shaw up in your return. Otherwise you st consider the advantages of buying l-.r*r. Mortgage Notes through Swartzell, Rheem & Hensey Company, where you are assured of a steady 6% return, year in and year out, without any personal attention on your part at all. And you potnd Ao & nfd W YORK, March 19 () exchanges firm. Quotations in nts Great Britaln - Demand. 4874, cables, | 4881,; 60-day bills on banks, 483 15-16 | France- Demand, 393%; cables, 'Hl‘l‘, H "Ttaly —Demand, 627%; cables, 5 ! Demand--Helglum, 1993 flrlu\mu,l 23.90; Holland, 40 Norway 68y Bueden, 20 Denmark, zerian, 4 98pain, 15 poland. * 11 45; 20614; Jugosiavia, 1.76: Austria, 14.10; Rumania, 062; Argentina, 42.75; Rra- ail, 13| Tokio, 4688 Shanghal, 634314, Montreal, 100.03%, NEW Forelgn | L NV Illun] m,- A Novaitin ) Ol Con 6 207714 Swit- 1683; Greece, AVl Verde Bx Crechoslovakia, 18 Wenden' Con INDEPENDENT 011, STOCKS fiK eube s "tw are also sure that the original amount of your investment will be returned to you intact at a specified time. Which do you prefer? We are here to serve you if you are looking for safety and peace of mind after your investment has been made. Swartzell, Rheem & Hensey Co,, NMortjage Bankers TTUSth. Street, N, WashinglonDC. 38 Years Without Loss to An Investor