Evening Star Newspaper, April 23, 1928, Page 11

FINANCIAT., HIGHGRADE BOND LIST SLOUGHS OF Convertible Issues and New! York Tractions Active in Rising Market. RY CHARLES F SPE.‘RF. &Sproial Dispateh 1o Tha Star. EW YORK, April 23.—The tend- encies of the bond market today were about as they have been since it be- |4 came apparent that higher money rates were inevitable in order to check the | speculation in stocks. There was an active market for a number of the industrial convertible bonds, higher prices for the local trac- tions. & contraction in the trading of the St. Paul adjustments and only moderate changes in the foreign dollar &roup. The most significant develop- ‘ment Was ‘the gradual sipping off in | the prices for high-grade railroad and Ppublie utility issues. he first mortgage 4 per cent bonds of the standard raiiroads have re- fiected firmer money rates more than any others. At today's low quota- tions most of them were from 2 to 3 points below the high range of the year. Instead of selling between a 4.10 and 4 per cent basis they are now yielding about one-eighth more than they did in January. The 4%y per cent and 43, per cent second mortgage rails have also lost ground. though not quite 20 much as the 4 per cent issues The public utility and the industrial 4'; per cent securities are 1 to 2 points lower. with a larger supply in the market at present than the trad- ing element has been willing to take w A number of the 41, per cent public | utilities that fafled to meet the New York State legal requirements have re- mcted quite sharply. among them those of the Alabama Power and New York Power & Light compa In anticipation of decision this week in the local traction fave case, all of the Interborough. New, York Raii- ways and Third Avenue issues advanced today. Anaconda and Andes Copper 7s Were each up about a point. U. S. Rub ber 5s and 7',s gained fractionally Hudson Coal 5s Tose % and there were | other industrials in which fractional gains took place Speculative rails were quieter and rather heavy. Seaboard Air Line ad- Justments were at one time off 1' points. St. Paul adjustments had to rcontend with considérable profit-taking. Since they were listed they moved up from 6§17, to about 80 in transactions ©f approximately $50.000,000. The amount of the gain im them i proving tempting to some of the original buy- ers The Prench elections had little effect on French securities, although they were highly satisfactory to bankers here. The new Great Britain 4s were Theavy, selling below 90. Italian indus- trials with warrants attached and Ital- jan_government and municipal bonds moved up early in the day. Greek, Bra- gilian and some of the German issues were Jower. | Washington Stock Exchange SALES. Washington Gas 6s “A”—$100 at 104',, $200 At 104, $500 at 1057, Potomac_Electri¢ 6 pfd.<-10 at 113'3. Potomar Blectric 5'5% pfd.—1 at 1081, 10 at 1087-, 30 at 1087, 10 at 1085 ashington Gas Light—5 at 9135, 5 at 91%.5at91%. 10at 9 , 10 at 917%. ashington Rwy. & Elec. pfd.—10 at 102% National Bank—10 at 511, 5 at| 511. { SMerchants’ Transfer & Storage pfd.—5 | at 108 Mergenthaler Linotype—10 at 101%, 10| at 1017, 10 at 101% Banitary Grocery Co. pfd.—30 at 110. AFTER CALL. Potomac Electric GA;' pfd.~°\4l—!~”‘fll‘§,so Merehants ‘Bapk & Trust 3 50. Anacostia & Potomac R. R. 55—$1.000 at 100. i Barber & Ross 67,5—81.000 at 96, National Bank of Washington—20 a 310, 2 at 309, | Norway 6s 1952. .., Sales. Migh, Lib 3%, 81017 Liblst4ls 3% 1028 Lib3d alis Lib athalys 2 US 3% 4l US3Ns... US 4x 1944, US4Ksb2. ‘t\ 114 27 FOREIGN. Argentine Argentine Argentine s Octbd Argentine 6s A. | Argentine 6s B, 104 1 17 § 103 Bank of Ch Beigium 6s... Beigium 6% ! Belgium 7s 1 Belgium 7s 1956 | Belgtum 714 | Belgtum 8s... Bolivia 8s. | Bordeaux 6s 8 10 8 106 | Brazil 61gs 1 | Brazi | Brazil 7s | Brazil 8 | Bremen State s Buenos Afres Ts | Buenos Alres 7538 | Canada §s 1931 | Canada 55 195 Canada blps 1939, Chile 7s 1943 | Chile 85 1941 | Chite 8 1946 Chinese Gov R: Con Pow Japan 78, | Covennazen 53 ct. Copenhagen 51 Cuecho 8s 1 Danish Mu Denmark 63 5 100 17 100 17 101 2 110 1 10 1 2 100 95 DEI5%s Novs Dutch East § fs nlahd s f 6s 4 and 7s | Framerie: | French s. French Tiks German 7s 5 100 107 101 105 9Tk 101 103 102 Y 100! 94 104 2 101 Marseille 6s. Mexico 4s 04 asntd, 2 Mexico 4s 10 asntd | Milan 63 fontevideo 7s. Netherlands 6s Netherlands 6s New So Wales 57s. New So Wales 58s. Nord 63s. Norway 6438 : rway 63 1943, Norway 6s 1944. 1 1 14 24 13 14 15 13 2 Oglent Dev deb 6 Paris-Ly-Med 6s. . | Paris-Ly-Med 7s. . | Paris-Orleans 7s. , | Peru6s 67 wi. | Peruts.... | Peru s, | Peru 733519 Paland 65 40. 'Poiand Poland 8s. Porto Aleg Queensiand 6 Queensland 7 | Bhinebe Un 7s. ... Rio de Jan ¥x 1946. Rio Gr Do Sul'ss. . Home 61 City of SanPaulo! Sao Paulo 1960, Saxon (PW) 18 Seiue 18 42. . Serbs Crot Sio 83 Soissons 6: Sweden 5% Sweden 6x. Swiss 51gs 1946, Swiss Confed 83, | Tono Ei Pow 17 Tokio bs. c Electric 67 pfd.—5 at 1131, 10 at 11315, 1 az 1137, | Wardman Park Hotel 5';5—$2000 at| 9715, Washington Ry, & Eleotric 45—$1,500 | at 93% Washinglon Gas Light—40 at 92 Chevy Chase Dairy pfd.—8 at 106. UNLISTED DEPT. Chapin Backs 87 pfd.—10 at 108 | Money—Call loans, 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC CTILITY s pist1 evmges > Wl MISCELLAKEOOS Foarter & Rome Joe . e e 1 A i 974 Am AgriChew 14 Tokio 5148 Yokohama 6swi.. 1004 1001y 9 98%, 981y 40 107 15 108% 3 116N 4111 40 106% 6 1019 61 102 102 10814 3 1081y 119 Low. 101 6 102 1008 1026 1 g 91 ™ 100 98 3™ 29ty 1 10 108 11 100 9874 al 1024 1021 Ol N 100 100 101 1074 101 102 1104 I 1 TN 4 28 0% 100t 891 1004 100% 105% 1154 106% HdSid . THE EVENTNG STAR. WASHINGTON, D. €. MONDAY, 268 1017 1021 100 & 10287 101 31 107 109 27 T 11427 Sales. High, Low. 288 924 100% 1001 100% 100 98 o8m 1033, #oly 100% 107% 108 " ) ' % 1 1063 100% 987 98Th e D 102 100 100 1014% W07 10 10; 110% 10 ' “ 100t " Y 1003, ut 1t 1028 1031 1034 112y 100 101t 1084 108 119 107 100 104* 981 101 1031 ™ W o e ~ 94 % 1004 100 1014 1024 102 102 1084 100 L08% 103 93 104% 1078, 107 267 FIEN 1014 109 1074 115% 2 1100 108 103 54 1154 103ty 102 106% 100 100 10414 4 102% 102% 103, 10 ey 100 v y 4 s 108 1081 119 107 101 105 L] 1018, 1031y 1021 99° 100 94 4 " 100k 1001, ) . 1030 1021 106% 95y 957 loza 1011y 1028y 10. ‘02 103% 100% lodty 103 3% 4% 107% 107 S 4 1013 109 1085 1 110% o8 108 9514 | 116 Toddy oz 105% . . 0% 1 103 12 100 MISCELLANEOUS. 4 1w Am Si0it & K I8t bs Am Smelt & K 6s. . Am Sukar Ret AmT&Tcluras. . Am &l AmT& Am Tel & Am W % Am Writ Paper bs. Anacouds Ist 6s. ., Anacunda cv db 78 Audes Cupper 78 Armour&lo 4y e3y | Armour el s iz, . L Aiantic 1tenin b, 1 10¢ 1 104 20wy % 101 5 Barusaaii os 1940, Heli TelPabs 8 Geil Tel Pabo C. .. | BecnlehemsStl pmis | Beth Steel b s us 411 5 1n . L U7 12kiyn Eis : }Uu)h'lm " s v wi B 102 5 105 12 1os's 5 lovi 1025 {1047 6 tust 38 10ah . 10 105 106 1015 108Y a Y v e 104 108 oy 100% s 10ak 121" 12) .Y 10z 104 e LLLY e 104 100 1o 100% Conpupien Cuoa Cubsan Al 5o enver Gas o» ! Dery (DG) 1o etrostid inon Jnbiie in ontier Steel 18, . L Cuba Sug 1% i1k Hubber § Gen Mot Ac Cor Govdrich 6% s Hoe & Co 6 %w. . | Humble VIl ox Humule O & 6% s 1inois 15611 Ant ba. Leel 4 4yn. Indisns Buee) ix. .. 1ng Mer Marine by, Inter Paper 10 6a. . Int Tel&leies $ 4 13 Kayser & Cobign TR T Kelly Buring be. ., liks & Myers bb. . OF 1 11ard bw. ortliara () 18 urey G & I ba b2 Mar sunt Power G B et A w44 Mont Vower deb bs Moy med o 151 4 e, ew s iang Vel by VX b imon 6 Yn VUG kb H Y NV lel s VY Tel ba sy Y e a4 Nt An ks be . St i T & 1 b . alew Vow be 4 o, 6 10 311 Ry i1y 19 1o 4 1y Ly 10 1y 110 YRt 12 6 [ Facihe tiae & Kl e ’ Pan Ames vele bx Vs hier Vele s, Varamont bs 1947 Viila Coof 6 A b bea Al e Pierce Arrow es Por e Am L oh fe Funte Aleg s s HeminktmAr ke 33 12§y SRR T 7 . 1014, 15 1028 Yl wi wy 10 1w 2 196% Binciolr Crune bi%e #) £ Fiue Line by ] | Shmlly 1 6Hpn. . 14 #0 ot Rieo Sox Te Fouthwes! Heil ba “w 10, [ b Pre 104 1005 (e ik 109 i e o 19 9 U ‘ A% T 4L i 1 1% 04 e 0y " 104 o 61 1oy i yh wl i 1 o 105 [T Pl "1 102 uhy 116 [ 101% P e wh Yo 1, 2% n ek L9m v " 108 i 1017, it 10.% | 10ily o 1004 Wwoly 10, 1osy Bty b 104% iy 108t [ v bir wi 1oz U ol 10 100 104% Yom 115% 1050w | 1055 104 I 18 ot 109 04 102n " 19 i un oim s s 10 197 0. s 107 N 104% 100% 0l 10uis wh A % 10 101 " 11 W2 Wi 4 h % Ltk 10115 | 1040 | Ylte | 104t | 0w | Vs | Sales, High. Low, 8 Stand Ol N J 5n 46 Sug Bast Orfent ‘TennjilecPow 68 47 United Drug s 83, U S Rub Ist rf 6 US Rub 7%n U S Steel sf bs.... Utah Pow & Lt 5a. Warner Sug 7s 3! Warner Sug 7s 41, West Eleo bs... Wastinghouse bs. . Willya-Ov 6148 33. Wilson & Co 18t 68 Yngstn S&T 6s wi. < i Ann Arbor ds... Atchison ad) 4 Atchison gen Atlantic C L 18t 45, AtlanticC Lel 4s.. B&OGold & B&O 632000 D... B&O1stbsot B&OSW bas b0, B & O Toledo 4 Bkiyn Manhat 6s.. Buff R & Pitt 448, Can Nat 4%s Canad North 6% Canad Pac deb 4s. Car Clinch&O 6s b2 Central Pacific 4s. . Cent Pao 15t 68 90, Chesa Corp 58 w 1. Ches & O gn 4% Ches & Ocv 41ax. . Chi B&Q xen 4s & CB& Q11 $%s. ., CB & Q-1 div4s. Chi&E 111 g0 5361, Chi Gt West 48 69, CM&StPgn4iles UM&StP 58 (new) CA&SUP adf (new) [Co&StPen... Cht Itys b ChiR 1 Chi RI1&Prfds C I Pacateswi, ChTH&SEbs.. Chi 't H 0o 6% 66 Chi Un Sta 444m, Chi Union Sta bs.. Ch: Union Sta bx 44 Chi& W ind cn 48, C& W iblas62,.. CCC & StL 4358, .. & St'Lrf 6s Cuba R R b3... Cuba Nor 6%scrs. Del & Hud 18Ure 48 2 D & Hud cv 0% 33.., Dei & Hud 533 % Del & Hud 7«30, Den & k1o G on 4 D Rio G West b3 Det United 4 Krie 18t cons krie Gen 4s. . Hriecviox 67 wi.. Fla BastCon 74, Ge Trunk stdb 6s.. Grand Trunk 7s. Gt Nor 4143 16 D. . Grt Northn 4%s £, Great North 55. ... Great North 538, Great Nor gen 7s.. Hav El Ry 5138 51, Hud & Mun ref 53, Hud & M 111 Cent 4s 5 3 50 4 17 3 Int Rapid T IntiupTr b8 stpd. . Int Kapid Tran 6 ot lp Trans 7s.. Lt & G Nor 18t 6s. Inte Norad6s.... int Ry C Am 6s 41. Int Ry C A 6338 ret lowa Cent rf Kau City Term 4s. Liake Shore 4. Lake Shore 43 31 Lenieh Valon ¢ LenighVal con Louis&Nash uni 48 Man Ky 1st 0. Sarket St 78 40. M 1 Ry & L 68 61 MSLP&SSMis3sgtd M StP & SSM 618, MK&T4sb MK &dad) bn. ... MK&Tprinbsd. | Mo Pacific sen 4s. . MO Pacbs A 6h.... Mo Pac bs K 17.... Mont Trm ref 68 41 Nussau EI 4551 .. Haven 2149 b4 New Haven 31y b8 New tiaven 45 65, . NY NHEH 45 66 ... | NY NH&H ab 48 67 NYNH&H s NY NH&H ov 4b 6 NY NH&H el by NY Kyshshb, NY KystsA® N Y State Ry 4 NYStateRy 64%s NYWa&Bys Nor e b 2041, North | ru Pacific 48 Ute BOUIL L £Ix 4% Venusyl geu be Wenusyl on 64 Vennsyl 6 Fentinyl ko Peo & K 1LAn 40, Pero Mara |atbs Port 1 Los 1* bu 43. Port 3t L1 6w 47 Portland ¥l &L 6x Reading sen 4 Yin, . ATk & LY, . Rio G West el 45, B L MK 45 29, ., BUL IM&S REG 43 BLL&BK ul4sA, BUL&BEbYAD,. SUL& S K ad) bx, BUL & B F inc 6y, HLL® Weob dnidz S0P & KCBhL 4% | Seaboura AL anuia b | Hoab A Lirefd.... 10 Heub A Lowo) ®... 117 Huab A L con 6n. .. 21 BB AL Flatsidb A, B4 AL Kia 68 30 B Hou Pac 4s 2y | | Bou Pacine Buu Fac 4 lan Bou Ity ken 4 Hou My C Hou Ry | Hou iy Bign. | Texark ¥ b1y bo. | Third Ave el 4n 60 L Un 1me ¢ 40 61, iPacinl ref b8 Umion PPuc ev iy Virginie iy Ini by Wahusn b 18 15 Wabish bn 1o Wt Mty luni 4n Western Md bh. Western Kael | | I Win Cen un 4 45, . | new lwsue of guaranteed 20-year 6 6,60 per cent, is belny e hy A Harrimen tuble Trus. Co. 1 1 1 1 1 1 1 1 1 1 I 1 4 % [==-==BONDS == ===3 Received by Private Wire Direct to The Star Ocs Quotations to 2:55 p.m.—Final Quotations in 5:30 Edition. UNITED STATES. (Sales nre (n $1.000.) 031 v 100% RAILROAD. 00k 00 954y 73 104 00 <15 102% 00 98 R 96 KTl 70 024 97 1504 79 15 108 86 00% 01t 00 ¥id 0thy N Ydin o (e bty Yehe [ OBl Lot 6% b [T 6100 t w2 0% nh New Bond Issues NEW YORK, April 23 (8peclal) —A #5,000,000 Agriculturel Mortgege Bank (Republic of Colombia) r cent sinking fund gold bonds, maturing April 15, 1048 and priced at 93',, o yield sbout, marketed today | ing an Co 2:58. 103% 1004 107% 904 a2ty 108 108% 101% 1% 1067% 104% 104% 102% 108 100% 103% 107% 9% 1004 100 9Tt 103% 1054 104 92 105 1003 101% 1004 101% 9 10 104% 104 54 98 v 1084 115 100 99 107 % 110% 103% 1 100 99% 1078 110% 110% 7 101% 106 Yl'y i bt 17 W5l 12 il i 95N Wits 1014 e Y 1IN s EUEN 1w EREN 10475 1086 0% 102 101 100 Hé it 100 A0 *bla s Wo'la 1oy i 103 0% 1% 1011 w7 ul'y iy 1020 101 101% Gd4 il 100 105 H51y val 96 109 Wity 103 7y ql 6 10074 1ds nl bit " e B [N 9l why wi 9l 1% e 126% 106 S vin Yl Whn YW 1124 100 10% 1921 1064 101 1004 7] Y, an | Haly o 94 wh'y ys 1 LAk 1o 10074 vz e w | house stock, 3.00. | boxes, ATTRACIVEFO0 SIPPLY INMARSE Weather Hurts Trade. Prices of Some Grades of Butter Advance. Business, usually dull the first shop- ping day of helped by the rain this morning, sloppy weather usually reducing the number of patrons of both wholesalers and re- tatlers. Dealers had attractive supplies of y practically every variety of foodstuffs this morning, prices of most commodi- tles being the same as prices that pre- vailed at the close of last week's | market. This morning's reports from the larger butter centers showed a firmer condition of the butter market, with prices slightly higher. Prices of print butter advanced to 47' and 48, while tub butter was quoted at 46 and 47 cents. Today's Wholesale Prices. Butter—One-pound prints, 47!2a48; tub, 46a47: store packed, 30. Eggs—Fresh selected, 28a29; hennery, 20a30; current receipts, 27. Poultry, alive—Turkeys, 30a35; Win- ter chickens, 35a40; fowls, 30: roosters, 17a18; ducks, 15a20; keats, young, 70a | 75; old, 30. Dressed—Turkeys, 40ad5; roasting chickens, 38a40; fowls, large, 32; small, 28; broilers, 55 capons, large, 44a small, 30a35; ducks, 20a25; keats, 1.00a1.10. Meats, fresh killed—Beef, 20a22; veal, 20a24; lamb, 30a35; pork loins, 26a27; hams, 19a20; shoulders, 13a14: smoked hams, 20a22; smoked shoulders, 13al4; bacon, 20a22; lard, 12!y calves, 15; Spring lambs, 18a20. Fruit and Vegetable Review. | Today's market report on fruits and | vegetables, compiled by the Market | News Service, Bureau of Agricultural Economics, says ‘Apples—Supplies light; too few sales reported to quote. Asparagus—Supplies liberal; demand moderate, market slightly weaker; South Carolina, dozen - bunch crates green, very large size, 3.50a4.00; few low as 3.00: large size, 2.75a3. small to me- dium size, 1.50a2.00; crooks, 1.00a2.00; | California, dozen-bunch crates green, | very large size, few sales 4.00. Cabbage — Supplies moderate; d mand morerate, market about stead: Florida, 1}3-bushel hampers pointed and round type. 2.65a3.00. Celery—Supplies moderate; demand | light, market firm; Florida, 10-inch | crates, 4-6 dozen, 4.50, 8-10 dozen, 4.00; 3 dozen, mostly 4.25. Lettuce—Supplies of Western stock | moderate; demand light, market steady; | Arizona, crates, Iceberg type, 4-5 dozen, 3.50a3.75; supplies of Southern stock light; demand light, market steady:; North Carolina, 5-peck hampers, bl Boston type, ordinary quality, 2.00a2.50; few best, 3.50. Onfons—Supplies light; demand light, market dull; old stock no sales reported; | its own motor EVERYMAN’S INVESTMENTS RY GEORGE T. HUGHES. Important to Railroad Investors. The annual report of the Southern Pacific Co. stresses a subject of great interest to investors in railroad stocks. That is the steady decline in passenger revenue. The figures of the Southern Pacific are more or less typical. Passenger re- celpts in 1923 were $62,168,876. In 1927 this amount had fallen to $53,240,928. This is an average annual decrease of $2.220,487. The losses are due, the re- port says, “to the more extensive use of private automobiles for travel, and to motor coach and other automobile competition which, with better equip- ment and by the improvement of sery- ice through consolidation and co-ordi- nation, is becoming each year & greater mpetitive factor.” COTXKI’: Southern Pacific s combatini this difficulty through organization ol transportation company. will help, but it remains {lroads will have 1? l.o‘;; just themselves to the permanen 3:( short-haul pasesnger traffic, making it up on business over longer distances and on increases in freight revenue. As long as net income shows & satis- factory margin for dividends the holder of raiiroad stocks need not be alarmed. Nevertheless he wil. do well to consider whether he might not with advantage dlversify his risk by adding & propors tion of automobile stocks. This is not an argument against buying railroad stocks, which rank high in the invest- ment world. It is intended to emphasize the permanent importance of the auto- mohfle. ‘The prob] cult with a mof Probably that true that the ral of selection is more diffi- e motor. car security than with a railroad obligation, but it can be Solved and it is one way of insuring ones self against these social and eco- nomic changes which affect invest- ments as they do every other phase of life. AUTO OUTPUT GAINS. March Production in U. 8. Tops Same Period Last Year. rch production of automobiles in Ih]rwtlnheg States exceeded that of the same month last year. Cars manufac- tured numbered 412,825, while in March, 1927, the output was 394.443. The month was the second this year in which last year's output figures were €x- ceeded, the Commerce Department re- ports noted. February motor production was 323,514 cars. Canadian production failed to come up to the progress on this side the bor- der. The Dominion reported completion of 7,418 passenger cars and 2,246 trucks in March, as against 19,723 passenger cars and 3,527 trucks in March, 1927, POTATO MARKET DULL. Department of Agriculture).-—~Potatoes— Receipts, 201 cars; on track, 317: total United States _shipments Saturda 1,039, Canada, 17; Sunday, 45; Canad: 27 cars; demand and movement slow, market dull on new and old stock. New new stock, Texas, standard crates, Yel- low Bermudas, mixed, No. 1 and No. 2, few sales, 2.75. Crystal White Wax, mixed. No. 1 and No. 2, mostly 2.75, few higher. Potato Market Steady. Potatoes—Supplies of old stock mod- | erate; demand moderate, market about steady; Michigan, 150-pound sack Russet Rurals, U. 8. No. 1, mostly 4.0 Minnesota, 150-pound sacks, round whites, U. 8. No. 1, mostly 3.75. Maine, | 120-pound ~sacks. Green Mountains, U. 8. No. 1. few sales, 3.25; new stock, | supplies moderate. demand moderate, | market weaker: new stock, Florida, double-head barrels, Spaulding Rose, U. 8. No. 1, 11.00a11.25; few late sales, | 10.50. 2 Spinach — Supplies light: demand | light, market steady: South Carolina, | bushel baskets, Savoy type, 90a1.00. Strawberries—Supplies moderate: de- mand light, market steady: Florida, pony refrigerators Missionarys, best, mostly, 45; 32-quart crates Missionary, some ordinary condition, 15a42'; per quart; North Carolina. 32-quart crates, varicus varieties, some ordinary quality. 25845 per quart | Tomatoes—Supplies moderate; de- mand light, market dull; Florida, sixes, turning. wrapped, fancy count, 5.008 5.50: choice count, 4.00a4.50; fair qual- ity and condition, fancy count, 4.00a 4.50: choice count, 3.00a3.50. Btring beans—Supplies moderate; de- mand moderate, market about steady; Florida, 7s-bushel hampers, green, best, mostly 4 00; fair to ordinary quality and condition, 2.00a3 50, Cucumbers—8upplies light: demand slow, market steady: Florida, squas bushel crates, No 1, 4.25a4.50: No. 2, 3.00a3.50; Ohvo, 2-dozen baskets hot- Peppers—Supplies moderate; demand | light, market steady. Florida. pepper | crates; fancy medium size, 4.00; large size, 4.50. Eggplants Steady. Eggplant — Supplies moderate; de- | mand moderate, market steady; Florida, pepper crates, fancy, small to mediun slze, 2.50a3.50; tew lurge size, higher. Squash—8upplies light; demand light, market about steady: Florida, pepper Fr;lr.k fancy white, 2.00a2.50, few Kl’. 3 auliflower ~Supplies light; demand light, market steady; California, crates, 3.00a3.25. Beets—Supplies 1ight erate. market steady lettuce crates, bunched, 4.00. Carrots—8upplies light; demand light, | market steady: ‘Texas, Western lettuce crates, 3.25a3.75 Peas—8uppiics liberal; demand mod- erate, market slightly weaker; South Carolina, bushel-baskets Laxtons, mostly 250, few fair quality low as 2.50. Mi: !I,\\Muy w=bushel hampers Telephones, 3.00a3.25. Grapes—First solld grapes ever recelved in demand moderate, market steady; Ar- gentine, 20-pound boxes, Almerias, 5.00; Emperiors, 5.50a6.00. Oranges—8upplies light; demand mod- erate, market firm; Florida, boxes medi- i slze, 7.50, large size discounted, | California, boxes, medium size, 6.50a | 7.00, large size discounted. Grapefruit—8upplies very light; de- mand moderate, market steady; Florida, | medium size, 6.25; some late bloom, fair quality, 4.50 demand mod- WASHING BY MACHINE. About 75 per cent of the $1,343,000 worth of domestic washing machines ex- ported from the United BStates last year found use In Canada. The 10,618 machines exported rrI)rrM'm only about 2 per cent of production, but shipments are sajd to be steadily Increasing, with Africa and Asla the only markets show- ing no improvement NO PEANUTS, NO PAY. DAKAR (#).—8hortage of the peanut crop in Bengalese Africa is expected to | aftect adversely the country’s purchas- ing power this year. Excessive rains caused extensive losses in the crop through mold and the shortage In entl- mated at 300,000 tons. MORE HARMONICAS SOLD VL UTTGART (A%, - Qermany export- ed more harmonicas last year than in 19 ut they brought less money, The HBlack Forest region, center of the indus- lr( shipped oul 50,661,400 as compared with 1‘,‘;“,000 in 1026, but recelved only 14,613,000 marks as sagainst 16, 801,000, The accordion export busi ness fell off. . and Kqui- Many children have succumbed dur- mic of meningitis of the hrain tha prevalled in the Yallourn distriet of Australia, stock, Texas sacked Bliss triumphs, 4.50 25.00. Old stock Wisconsin sacked round whites, 1.90a2.00: Minnesota sacked round whites, 1.50a1.75; Idaho sacked russet Burbanks, 1.85a2.05; com~ mercial, 1.55a1.70. Money and Prices The commodity price level again ad- vanced substantially last week and is now at the highest point touched since e in November, 1926. A slow but steady advance has taken place since last July when the low point of the year was reached. Since then the rise in the price level has amounted to almost 8 per cent. Fluctuations in the general wholesale price level and in the purchasing power of the dollar are given below for vari- ous periods. The average for the y 4926 is the base used. nverage Average averag: avorage. .. Cable advices from London report that the index of wholesale commodity prices in England as computed by Crump followed the movement of American prices by advancing to 95.6 last week, as compared with 94.7 a week ago and 948 a year ago. Italjan prices weakened fractionally to 75.1, as compared with 752 the week preceding and 85.9 a year ago (Convright 1928 ) Company Earnings NEW YORK. April 23 (#).—Earnings per share of leading corporations re- porting during the week were American Osnamid Co M i Texas, Western | ¥ e Ohio ¥ Philadeinhin Co Plymouth_ il € Sa Stares T wer heh) 2064 & Light Canada, T lenhone & Tele Ratiway *Tierensed danitatization N TEAMS oF nEw ‘I Ui MONTHLY HIGH § LOW 1! €OM §TH 648 184 5 PFD.ATH 59308 I ST Y Vulue of Kach Shure, i D “H 1y Per share TR Tatmn ahud t von e vt wio Totnl prof « ot liiations, ete 1797 A0 o L Moy % Dividends W st winve 10 nly Witk conti the vaiie e e o1 its e welly for 141 e Average seile for INT, Gimew WLt v Mhe aver ot il e ex e Al NI Mok on fur or oy Hhis Weoanhook (ks far Tiubie welerence CHICAGO, April 23 (#) (United States | APRIT; 23, 1998, LATE BREAK HITS STOCK FAVORITES Advance on Week Shown by Most Common Industrial Share Groups. | New York Stock FExchange prices climbed higher last week until Friday afternoon’s break, presumably induced by the raising of the rediscount rates in Boston and Chicago. Gains had been mixed with losses earlier in the week. Popular favor had gone markedly to the oils, which as a group had not participated propor- tionately in the market's previous re- cent advances. The rises in oil shares last week were fairly well distributed, and trading in the group was nearly twice as heavy as in the preceding week. Friday's break cut most heavily into the recent favorites, losses being spread through nearly all the industrial groups. Motor shares reacted rather sharply, but General Motors and Chrys- ler held well. Up to Friday each common industrial group except the coppers had shown net price gains, although that of motors was very slight. The miscellaneous group had made the biggest advance, due to sharp rises in General Electric, Fidelity-Phoenix Insurance, Otis Ele- vator, Liggett & Myers, Union Carbon & Carbide and others. Much of these advances was canceled in Friday after- noon's reaction. The preferred stocks and railroad common stocks had shown no net ad- vance for the week before the break, but were less affected by it. The util- itfes group had gone up sharply during the week, but were rather hard hit by Priday's setback. A compact survey of Stock Exchange movements is given below by indexes and per cent of return: Stocks t | Stocks Rate of Weelk ending— 1. re | Avril 2 Avril Avnil Year M { ago Ma a Febriary January > w8 26) (Apr ‘The volume of trading in common industrials last week totaled nearly $1,300,000,000, though less than during either of the two preceding weeks. The average daily value of trading was $235,100,000. The average daily volume of trading for the preceding week was $256,700.000, and for the corresponding week a year | ago was $116,500,000. ; (Capyright BUYIP;G POWER GAINS. | Value of Farmer's Dollar Again Shows an Increase. | | | | | The purchasing power of farm prod- | ucts advanced again. thus carrying for- | ward steady increase of several months’ duration. | Hogs, lambs, beef and corn made sub- | stantial gains in price in the agricul- | tural group. While these important items produced by the farms advanced, there was only a small increase in the price level of non-agricultural goods. ‘The farm dollar will now buy nearly 17 per cent more in non-agricultural products than it would average to pur- chase during the basic year, 1926. The dollar of the city dweiler and factory | worker, which is largely expended for farm products, has not had any such | rise. | Index numbers of farm purchasing | power and of agricultural and non-agri- | | cultural prices for various periods are | !given in the following table, in which | the average for 1926 represents 100: . Agricul- N PRICES ON PARIS BOURSE. PARIS, April 23 (#)—Prices were firm on the Bourse today. Three per cent rentes, 68 francs 30 centimes; 5 per_cent loan, 88 francs 50 centimes; exchange on London, 124 francs 2 cen- times. The dollar was quoted at 25 francs 40'; centimes. . LUDLUM EARNINGS UP. NEW YORK, April 23 (#)—Ludlum Steel Co. earned $1.03 a share in_ the first quarter, against 41 cents a share in the }I)revlmns corresponding period and $1.67 for the full year 1927. A FINANCIAL, o, % 11 CIGARETTES REDUCED. NEW YORK, April 23 (#).—The Hst of l.ldln1 brands of blem cigarettes has reduced to $6 a thousand, with usual discounts, by the three leading cigarette manufacturers. EXTRA DIVIDEND. NEW YORK, April 23 (#).—Club Aluminum Utensils Co. declared an ex- tra dividend of 25 cents, payable May 15, to stock of record May 5. Sales and profits for the first quarter were largest in the company’s history. e REAL ESTATE LOANS 6% First Mortgage Loans for 3 or 5 Years No Appraisal Fee No Curtail Construction Loans in Any Amount Bring us your real estate financing problems. Free consultation. mediately. REAL ESTATE Applications answered im- MORTGAGE GUARANTY CORPORATIO Main 1403 26 Jackson Place First Mortgage Loans In the District of Columbia and Nearby Maryland 3—5—10 Year Terms Special prepayment privileges Prompt Replies Houses Apartments 5%% Office Buildings Stores Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Avenue Main 9700 Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President Organized 1879 Assets Subscrip! WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Sarplus ....... «e...S151L115.87 tions for the 94th Issue of Stock Being Received Save Today—Have Tomorrow There are lots of ways to spend money, but only one way to SAVE it—and that’s the SYSTEMATIC way! start x Ap Avr. 6. Year sgo 100 0 Covvright 10281 PRODUCE EXCHANGE. NEW YORK, April 23 #.—Flour steady: Spring patents, 7.85a8.25: soft Winter straights, 7.85a8.35; hard Winter | straights, 7.65a8.00. Rye steady: No. 2| | Western, 14313 fob. New York and {1413 cif ‘export. Pork steady, | mess, 31.50: family, 32.50a34.50 Lard {easier; Middle West, 12.15a12.25. Tal- | low steady, special loose, 8'y: ira, 8. | | el | HIDE AND LEATHE! R LOSES. ! | NEW YORK, April 23 (®).—Ameri- | | can Hide & Leather ~o. reports total | net loss of §531,625 for the first quar- | ter, agatnst profit of $75.123 for the | first quarter last year. An operating | 1oss of $153.709 for the quarter resulted | largely from filling forward contracts made previous to the change in man- | | agement last January. | BIG SHEEP BUSINESS. | MAGALLANES (#).—The hills of Punta Arenas, Southern Chile, give | {)ulun to more than 60 sheep for every | . inhabitant of that region. The sheep | | number 2,311,000, while the population | | of this southernmost peopled country of the world is 38,000. Wool is the principal money crop, but lamb and | sheepskins are exported in quantities. LI¥ INSURANCE mily—sNend Age 35 $14.6. of v thon at All 1 tnwnrance in 10 Wondward Wide JAMES Y. PENNEBAKER Member Washington Real Estate Board Main 5328 1520 K St. N.W. 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