Evening Star Newspaper, May 24, 1928, Page 14

74 *» THE EVENING STAR, HAZEN RE-ELECTED TOMILLER BOARD Reservations for Bankers’ Convention Above Total for 1927, Slaughter Says. BY EDWARD C. STONE. Melvin C. Hazen of Washington was re-elected a member of the board of directors of the Miller Train Control Corporation at the nineteenth annual meeting of the stockholders held at the head offices of the company in Staun- | terday. William M. du | Pont. jr. s made chairman of the executive board to fill the vacancy caused by the death of his father last January Miller Train Control stock is largely held in Washington and many local sharcholders attended the meeting. Most of the remaining stock is held in Virginia, Maryland, New York and Delaware. An unusually large percent- age of the stock was represented at the meeting The officials reported the company to be in excellent financial condition and declared that prospects for future busi- ness are bright. Mr. Hazen, the Wash- ington director, is city surveyor and has served the company cpnbly for some years. Convention Outlook Bright. Lawrence A. Slaughter, vice president of the Commercial National Bank. and chairman of the transportation com- mittee for the District Bankers' Asso- ciation convention at Montauk Beach, reported today that reservations for the annual meeting are now ahead of the number received at the same time last year This indicates that the attend- ance will break all former records as last year's turnout at Hot Springs made a new record. As oniy about two weeks remain be- fore W. W. Spaid will call the con- vention to order, the remaining reser- vation requests must come in rapidly or the most desirable accommodations will be taken. A special attempt has been made this year to get more bank directors to attend the sessions and the drive is reported to be bearing fruit. Every one of the special committees have their work practically completed and the annual reports are almost ready. ton, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Oven High 23 23 10% 10% 64% 65 139 148% Cushmann pf(8) ey Cutler-Hammer. 57% Cuvamel Fruit.. bl Davison Chem. . 52% Debenhms(2.18) Deere&Co pf(7). Del & Hud (9).. Del L& W (17), Detroft td (8).. Devoe (12 89). .. Diamond M (19) Dodze Bros A... Dodze Bros vf 7. Dome Mines(1). Drug Inc (4)... Dul S S & Atlan. Du Pont dab (6) Durham Hos.... Kastman (18)... Katon Axle (2). Eisenlohr & Bro Eitingon Schild. Elec Auto Li6). Klectric Hoat. .. islecPow& 1) Slec P&LL LI Elec Stor Bat(b) Knod.John ()., Endicott pf(7).. Engineers Pub 8§ Equit Bldg (8).. Low. Close 41 a4 85 85 dht SB% 10174 i‘. Low Close 28 28% Oven Hish Abitibl Power(4) 73 74Tk 3% 744 Abrahm&Straus 104 104 1034 103% i Abr&Stras7%pf 1124 1124 1114 1114 Adams Kxp (6). 338 3491y 338 Adv Rumley. 34 36 344 Acme Coal pf... 54 b4 B4 Ahumada Lead. 4% an 4's Alr Reductn (2). 68% 65% Afax Rubber., % 9 Alaska Juneau.. 4 4 Albany Papri2). 284 204 :Sw 29 AllianceRIty(13) %0 30 80 80 Allled Chem (6) " 163% 165% 1634 164 Allted Cm pt(7). Allis Chalm «6). Amal Leather 3 3y Amerada (2 Am Agricul Chm Arg Agri CHpf.. Am Bank N(13). Am Bk N of (3), Am Beet Sug... Am Beet Sug pf. Am Bosch.. Am Bra Sh 1 Am Brown Bov. Am Can (2). AmCar&Fdy (6) Am Chatn ot (7) 103 Am Drug (80c). 13 Am Express (6) Am & For Pow. . AmFPowzdpt(? 93 Am&Fo Po pf(7) 10 Am Home Pra3). sy 8 2 Am lce (1214) .u« 398 3 9 Amlceof (6)... 97 97 97 97 Nat Tea (4)... Am Internatl(2) 114% 114% nn\-. 114 7 Nevada C (1%). Am LaFr&Foam 7 T4 T . b6 U 56% | N O Tex & M(1 Am Linseed.... 103 1044 mm 102 3 [N Y A Br (3) Am Linsd pf(7). 109t 109% 109% 109% N ¥ Central (8). Am Locomot(8) 1074 107% 106 108 ; Ca uu.-l‘n. Am Ms&Fy t2% 158 162 161 5 C StL of(6) CFy pt(7) 220 220 : :u;l:(ls) letals (3).. 46% 460 46 A ;(; Am Metals pf(7) lt SRR LT Am Piano. .V Y State R ). Am Piano pt(7). fi . NS AmP& Li¥l).. 864 83k N Stmpelt) Am Radiator (6) 141 1411 138% 141% N Town g Am Rad pf (7). 145% 145 A .o A o7 Norf & Wnurio) AmSafRaz 4%, 66% NorAm kd pt(7) North Puc (6).. e sf,:;';"c‘:,,“' i Nor Pag efs (8, Am Shipbldg (8) 102 Norwatiswe) Am Smelung(8) 19 X Am Stl Fdys (3) 6l% 68% Am Stl Fy pt (7) 112% 113 AmSugar...... 734 5% 1%h Am Sugar pECT). 109% 110 109% 110 Am Sumatra.... bd% 54% B5iw bdik Am Tel & Tel(9) 202 20344 202 202 Am Tobacco(8). 1674 158 157% 158k Am TobaccoB(8) 15T 159% 16T 159 AmType Fod). 113 11w 118 115 Am WW&El(el) 21 Low Close Open a4 xfi Min St P&SSM.. M St P&SSM pf. Mo Kun & Tex.. Mo K&Tex pft7) Missonri Pacifio. Missourt Pac pf. Montana Pow6) Montemry W16 Moon Motor Mother L (50c). Motion Plo Corp. Motor Meter A.. Motor Whi (2).. Mullins Mfg. ... Munsingwre3*,, Murrav Corp. Nash Motrs(16). Cuban Am 8 (1) Cuban Dom Sug Cudahv Pkg (4) 4w b1 N b2% 3% h‘.m 124% 123% 1 134 340 20ty Nat Biscuit (17) Nat Cash R A(3) Nat Dairy (3).. Nat Dept Stores Nat Listiliers. . Nat Distillers pt Nat Knamel & 8 103t 1031 1035 1031 Nat 15 103 103 108 18 13 14 109% 801y Y 1254 a2 134 Nat Pow& Lt (1) Nut Rudiatori8) Nat Ity Mex 2d.. Nat Supply (16) NatSuvply pf(7) Nat Surety (10). 93 110 S04 1094 1094 6% FedLizht(n1 40) Fed MotT(180c) Fidelity-Phoenx Fifth Ave (84c). : 3 Y Y Eirst Nats11 %) & k R . N N chmann(3) dation Co. . Fox Film A (4). Freeport (15% ), Fuller pr pf(6). tiabriel Snub A.. Gardner Motor.. Gen Am Tnk(4). Gen Asphalt Gen Cable. ... Gen Cable A (4 Gen Cigars (4) GenCigars pf(7 Gen Elec (15)... GenElec sp(60c) Gen GasB(el %) Gen Motors (17) Gen Mot pf (7). Gen Outdr Ad(2) Gen Ry Sig (5). Gen Refrac (3). Kol 0w 1084 106'% b 204 404 bl 102 To'x v 66% 404 0% bl 102 Unpm(.olllnli “) Otis Elev (17). "lu 21 Ample Credit in Fifth District. At the Richmond Federal Reserve Bank money mndmon.s 'r;:" lll::e changed from a e report- ing members ot lhe fl?tglg district show Joans and investments of $694,130,000, an increase in.a year of $35,074,000. ‘Their commercial loans show a of $16,963,000 f.om May 11, m;ln lfllns corporate issues an increase of $25951000, and their own invest- “ment _hol an increase of $28,318,- 000. The Ri ond banks are borrow- ing $21.532,000 at the Federal comparéd ‘with only $7,000,000 a year ago. Prices Firm on Local Board. Security prices were firm on_the; local Stock Exchange today, with Lan- ston Mon?lype n;l:urm‘m the largest amount of trad! m""fifi hands ex-dividend at 115. Capit Traction sold at 1082, Potomac Elec- tric 51, per cent preferred, at 107, Peoples D'rux‘n mz and Sanitary Grocery at 116’ Thzrewlstmshmnko!w-flx- ‘ashington Gas lnd 000 1053 in 31.000 $2. B 55,000 sale at 103%. cwn.u Tru:fion .'ouuld h :t“ln,onl mlnnw Hotel 5125 at 98%. American Ice Profits Increase. Arrfl fllo{Ameflnn!ceoo.'u fl interest -ma uu'lu in April, Ameflun Ice Co.; through its sub- the Knickerbocker Beeniing 15 piromae of & e oo finzmwmun«n«my this plant is acquired, the company will have manufacturing facilities for the first time in this territory. of 75 cents on Aprfl S vate Basivg becn 81, Waddil moxm \dman Sachs & Co. was | Enta‘ahu Local Bankers. ‘William C. Johnson, assistant to John | Poole, president of the Federal-Ameri- | can National Bank, entertained the offi- elals of the bank and their wives yester- day at the estate of E. J. Stellwagon, known as the Oaks, on West River. ‘There wege about 20 in the party, and several remained at the handsome old homestead until today, returning Washington this afternoon. Financial District Notes. “The Washington Bank Women's Club mmldiumymeelmgumefw rington Hote] tomorrow evening, with Miss Lois E. White presiding. Follow- ing the dinner there are several busi- Boss matters Lo come up. J. Gockeler, vice prnldent of the Dmnc! National Bank and secretary of the Weshington Stock Exchange, vlu g0 o Margate City, N. J., Saturddy to Yemain untl after Memomal day. While there he I‘:ll select a cottage for his August vacation. J. William Harrington has returned to his post at W. B. Hibbs & Co. after an operation for the removal of his tonsils at Garfield Hospital, Joseph Bchiavone, former president of the International Exchange Bank, was sccorded & complimentary dinner at his old home in Trenton, N. J., last night, The last bankers’ luncheon before the eonvention will take place next Tuesday instead of Wednesday on account of Memorial day. SHORT-TERM SECURITIES. (Revorted by § & W Seilgman & Co.) lyBarnsdall A. " | Coi Bou 1s104).. Am Woolen. 21 | Gliletve Raz (5 Pac Coast 2d pt. Am Woolen pf. 58 | Gimbel Bros ‘ g L'acitic Ga Am Writ Pa cufs 14% | Gimbi Br pt(7). Am Zinc. 28% | Gitdden Co..... Am Zinc p 8% | Glidden pr pE(T) Aueonau T0% 704 | Goid Dust (3)... Archer-Dap (3). S0% 73% ArcheDanpr ) 144 104 114" 114 b I ArmourDeipf(7) 93% u3' Y34 93% | Goodyr 1st pr(7) Armour. Il (A). 164 16% 15% 16| Gotham (323). Armour. 11l (B). 1l& 1z 1w 11%|Gothamn (3215) Armour,Lllpt(1). 8% B4% 844 5% | Gotnam pt (1), Arnold Con &Co 451 45% 454 45% | Gouid Coupler A Artioum (3). 40 404 404 40% | iPonamoPaig . 82% 3824 324 | Granby Min (4). Asso Dry G(2%) 45% 464 44% 44% | Gre Nortn pt (6) Asso Ol (2). 43% 43% 434 434 | Ge Nor pf ofs(5) Atchison (10)... 193% 193% 191% 192% | Grt Nor O (13 ). Atchison pf (5). 106k 106% 106% 106% [Gre wWn Sug 280 AtlCoast L(110) 182 182% 182 IB2 | Green Canan. ... AUGUIL& Wi.. 59% 594 584 58% | Guantanamo Su. AUGUITpf (3).. 5% 53% 534 54| Guan Sug pf(8 Atl Refining (4). 126% 125 126% 1265 | Gulr Mo & Nor Atlan Ref pf (7) 113 118 Gu M & N pf(6). Atlas Pow pf(6) 109 109 Guif States Stl.. Atlas Tack 14 Hack pf A(1%). Austin-Nich 8 Hartmn B(1.20) artmn Be Austrian Cr 4.52 63 Havana El Ry. . Auto Sales. 14 ! AutoSales pf(3) 35 Nl Autostrap A (3) 454 LI LU Balto &0 (6)... I14% 114% lu» 14y Baito&Opf(3). 82 82 82 Bang & Arpf(7) 111 111 ||1 111 Bank ofMan(16) 800 815 800 802 23 24 23% 23% | Houston Oil rts. . 124 124 124 124 | Howe Sound (4) 15% 16% 15% 16% | Hud Man (23). 69 69 67k 67 Hudson Mot (§) s 5:'. g;: 624 | Hupp (£1.40).... loomingdale. 3 3 36% | 11non X Bimingdle pf(1) 110% 110% 1104 110% ‘:,.1.::):'.".’,;" Bon Ami A (4).. 68's 9% 68 69% | indian Mot(l Booth Fisheries. 7 7 64 6% | indlan Ketinin Borden Miik (6) 166 165% 165% | indian Refg ctfs Boston & Mamne. 81 Bl L 5L |ind Ref pf(7)... 1 Briggs Mfg FCo 34 34% 33% 33% | Ingersoll R(16). British Empire. 6% T4 M. 7% | Inland S(P16%) British Emp2d. 9% Y% 9 | Inspiration Copr Brockwy Mot(4) 55 56 65% 56 | InterboroRap Tr Bkiyn Edisn(8). 2504 266 250% 263 | intcontl Rub(1) Bkiyn-Man 65w 55% 6i's 64% | Internat Agri. BkiyoUnGas(6) 149% 150% 149% 150'% | Int Agri pr pf. BrownShoetz%) 49 49 48 45% | Int Bus Ma (5) Brunswick B (3) 46% 48 46 47% | int Cement (4). U84 40 36% 37% | Int Com king (2) 44k d4% 434 44% | Lot Comb pf(1). Bucyrusev(2l%) 51 Bl% 60% 51| ot Harv (36)... Buff R&P pf(6). 101 101 101 101 | in Hury pf (1).. Burns BrosA(8) 118% 118% 118 118 | int Mtch pf 3.20. Burns Bros (B). 34% 35% 34% 35 | Int Mer Marine.. Burns Bros pf 7. 104% 105 - 104% 105 | int Mer Mar pt. Bush Term (§2) 60 60 | int Nickel (2). 2 B T 1 15 Wa 15 55 b6% 57 [ 104 106% 103% 104% B0k B0% 7Y T 6% 6% 5% 751, Calif Petn (1),. 82% 32% 324 32 Callahau Zinc... #% 3% 8w 31 Calumet&Ar(8). 105% 106% 103 1044 Calu & Hecla (2) z4% 24 24 76 1% 5% 10). 214% 214k 213 2 Car Ci&O sta(b) 106 106 105 Case Tnresng(6) 294 296% 204 Cent Alloy (2).. 40% 38 Century Rib M., 4% 144 Cerode Pas (4). 734 734 Certain-Teed(4) 44 45 Certn-teed prpf. 99 ¥9 Chandjer-Ciev 1% 12 Chandler-Cl pf.. 21% 1% 20% Ches & Oblo(10) 198% 198n 198 C& O Corpn (3). 6 Ch' & Alton. ... in Chi & Alwon pf.. 16 Chi Grest West, 12% Chi Gt West pf. 27 Chi Ml & BLP.. B4% Chi Mil & SLF pf 464 Cint & Nwn (4).. 834 Chi & Nwopt(7) 147 147% 147 Chi Poe Tool(8). 127% 1274 127% 12T% Chi RI&Puc (6), 118% L9 117% 117% CRI&P I, 104% 104% 104k 104% ICRI&PDIT). 110% 110% 110% 110t Chi Yel Cab(3), 34 38k 34 Chickasha (3)... 50 50 Childs (2.40) . 474 Chite 43h 43 4Bn 434 ) 102 102% 1020 102% 9 WA Tah Tan 9% Yl B9 91 Bl BN KG% BGY 169 1690 160 169 76 BON T8 1Ty T 1% T8 16 W2 w2 k2 B2 Cot Gue & K1 46) 113% 11 " Col G&IS of AV6) 107% 10T 10T, 10T | Col Carbon (4).. 0% 91 | 830 884 94 2b% 2b%y 53 14% 534 4% 28% 88% Pac Tel & T (7). Packard Mot (3) Pan-Am Petrolm Pan-Amer Pet B Pan-Am Wn B, Parmt-Fam(J8). Park & Til($3) Park Utah (80« Art Metal (1 824 Penn K R (3%). Penna R Rrts.. People's Gas (8) PhilaCos Phila& RC& 1. Phil Morris(1).. PhillipsPetyi %) Pierce-Arrow. .. Pierce-Arrow pt Plerce Oil. Hershey pr pf(6’ Hollander & Son Household (14). Houston Oil.... Pitts Ftw DN'I) Pitts&W va(s). Porto Rico To B. Postum-(6)... Pressed Sti Car. Prod & Refiner: Producers&R pf. Pub Serv NJ(2). Pub Serv pf (6). Pub 8 NJ.pf(7) Pub SE&G pf(8) Puliman Co (4). Punta Aleg Sug. Pure Oll (6ve).. Pure O1l pf(8).. Purity Bak (3).. Radid Corp..... Radio Co pf (3% RSIICecls (4). Reading Ry (4). Real Silk Hos... Remingtn-Rand Rem-Rd 1st(7). Reo Mot (11.20). Rej :ll ). pngs Ron’dl‘l‘ob!(l) Richfield Oil(ql) Reis Robt & Co. Robt pf(7). int Ky Cent Am. ot intlel & « Island Creek (4) Jewel Tea (4)..0 Jonas-Maran(3) Jones Tea. Janel’luulll.. Jordun Motor. Kan City South. Kln C 8o pfd). St Jos Lead (13) StL & SunF (18 SUL&SF pf 1st p. StL&Southw Savage Arn Schulte (J3% ) Schulte pf «8 Seab Air Line. .. Sears-R (nil). Seneca Copper.. Shattuck ¥ G (2) Shell Un (1.40). Shubert The (§) Simmons Co (3), Simmons Co rt; Simms Pet Sinelair O11. By-Prod(12.75). Cailf Packg 14). lU’i'h mm. Keith-Al pt (7).. Kelly-Spring. Kels-Hayes (). Kels Wh pt (7). elvinator Corp, Kennecott C(b). Kinuey pf (8 Krafu(gis) T160) .. 88 pr(s) Kreske Dept 8. . Kroger Gro (¢l). 20% y g Suider Puck Co Snider Pkg .. 8o Por Rie 8(12) South Calif Kd.. South Dairtes A, South Dairies B. South Pae (6)... Southern Ry (8) South Ry pf(6). SouRyM&O ‘ Spear & Co. Spioer MIg. S0 &K(3W Sid U & 1 pf (4) Bud Milling (6). . 8Ld O Cal (2%). Std QINJ(114) 81d OLINY(1.60) Std Plate Glass, Std PGlass f. . Std San Pro 1.68 Slewnrt: Wi Stram Car (3 %) Les Tire & Rub. Lehigh P Cmt. . Lebigh PC (1) LehighVali3is) Leho & ¥ink(3), Life Sav (1.60). Lig & Myers(16) & Myrn B 16, & M pt7) 18 1000 14). . Lig Curb (3.60). Loew's (13), LOftissuaases Loose: W (160), Loose W 1st(7). Loriiard Co.. .. Lorillard pf(7). 3:::::::“1)“ ) Lo | Bweets of Amer. LouiskNesn(T), Symington C) A, Ludlum 80 (2).. utogh (Bve). MeAndrews 2,60 » MoCall Corp (3), MeCrory A (2).. Melleenpt Tin Mack Truck (8). Chrysler (8).... City Stores (B), | Clustt-Peabib) . | Cocon Cola (6). . Collins & Alkn Lol Fuel & liun., 16% 1% 2014 1% Oia T 116 16 2004 L5 BN T 136 16 Cor % Com Crufil%). v 2% | Com Cr vt B(2), 26Y% v 204 26% Cow Iny X1 8.60. 69% 69% 690 694 Com Bolvents8) 166 168 1665 L6h ‘ox Guif But (4) oxum & 1'ne(f). Tex Pan C & U, T e % RO o ey TRECE e FEDHML LAHD BANK BONDS Hov. 1987 87 Com Vowr (Y8), Bhis Bi's Bin B4% | Conae nastiz),. 62 631 62 2w | Congoleumn Nule 2T% 28 294 214 Cers 4%, 13% 8% 124 724 aley Tinfoll. . 1 1w Consl Cginid). nl B L) | ConCig uruf b 9 VT ¥ Consol Listriby 2% 2w 2% 24 Consol Gas (6). 168% 160 1574 160 | CopmoiGam pE(6) 1024 102 1020s 1020 ConKiCube pf 8 76% T84 75y Tav Consol Textile.. 4% 4h 44 4w Coutainer A )20 34 34 4% 3414 | Market Bt 2d pf, Container 18666, 16% 17% 164 17s | Meriand Ol ... Cont Baking A, W2h B 2w | MariineIt(12%) Cont Baking B, b4 b Marun Parry, ., ]u..n a4 o1 19) #b 79 Mathieson (6).. 106 1ug Maytag (18) . “ Muytag (new) 91 Maying pf (6) 18 My gt prs s i Mexican Keab, ., \ Miami Cop (1), Mid-Continent, . Mid Cont pf(7), i le Bal [ Mid Siutenctfn, 4% 29 | Miller fubber, . 214 27 Midwaukes B1(6) 110 Bois Mink & Bl bous in X Ld Trinew) The Walr (2 flH. Third Aven Ehomp J i3 26% I i Gty 18 (] 1204 Lo W ank 46 724 (L1 Muckay pri4). .. Mad Ba Gn (1 %) Magma Cop (3), Mallison & Co.,. Maliison pf (1), Manati Sugar. .. Manati Buser pt Man bt Bup (6), Man Kl mzk(d6) Man Bhirt (4),.. Maracaibo OV Market Bt prior, fobio 1'rod (m) nacont O, Trico Produets. Fwin City 1R (4), Uawa- i1 . Union Pao (10), Un Paoifie pf (4) Utd Bisouit 1.60, UtdCRr8H(LUB00) Froinothy) rarany UGN UBCLPefatln) u 8 Distributing usni oren, 8 Hoftman (4) 8 Alnohol (8), 8 Leather, . 8 [ L] Laather A [ Hubbes . whih 9% 19 28 127 AT ueY Wi Hilg 12 150 [T B 1044 " v 14 i 4% LY 124 o o0 1rof (13) [ Coty Ine i1gb). .. Cruaihieieel (6 Mnmm- prit).. ne Buges) it 4N [ L) Lo 1204 120 | ™% T 2 29' - wh W onlly 14) u u U u u v WASHINGTON, CLIMB MAINTAINED | ON STOCK MARKET D. ¢, THURSDAY, Rise More Irregular—Trade Heavier—Rails Meet Bet- ter Demand. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 24. — Broadening out to include representatives of prac- tically every group, the upward move- ment on the Stock Exchange initiated Wednesday was carried further today. The high prices were reached in the last hour. The steel stocks were strong, which followers of the market interpreted favorably. Studebaker stood out among the independent motors, Radio and International Nickel among the special- ties, Consolidated Gas among the util- ities and General Electric among stand- ard industrials. Trading was more acttve than the day before. Opening prices were higher all around, outside buying orders hav- ing accumulated overnight. Profes- sional Wall Street was inclined to be skeptical about the advance going further immediately in view of the rapidity of the recovery, but the public | s was not so timid. Money Slightly Easier. Money renewed at 6 per cent un- changed. On the ontside, however, loans could be arranged at 5% per cent. Time funds were slightly casier in that the supply was more abuudant. This afternoon the weekly report on brokers’ loans will be given out by the Federal Reserve and the weekly bank statement will be available. The speculative com- munity was seemingly not concerned about these matters today. It was more interested in debating to what ex- tent the short interest had been reduced by the vigorous upswing wiich followed the break earlier in the week. Railroad stocks did better today. New York Central, after fluctuating un- certainly in the early trading, moved up briskly. Rock Islani was strong again and this time St. Louis-San Fran- cisco went along. Missouri-Pacific pre- ferred, Texas & Pacific and Kansas City Southern vere uthers more or less higher. In connection with the buying of New York Central it was reported that the expected new financing, sup- posedly ‘in the form of stock, would be announced next week. Studebaker was the leader of the in- dependent motors. It opened on a block of 15,000 shares at 80 up a point and 2 hall. Generz! Motors had to absorb heavy realizing after its spectac- ular run-up at the close Wednesday. In consequence the rrice sagged. United States Steel Taken Up. United States Steel, which had also failed to display early strength, was taken up around ncon and touching 146 was higher than at any time since last week. Bethlehem Stce' was next given attention, and Colorado Fuel, Ludlum and Central 'Allay, in both of which there was special buying, were strong all day. For a time the sugar stocks were in ac- tive demand under leadership of Ameri- can Sugar, which ran up over 2 points. Most of the Cuban sugar shares were higher, notably Cuban American. Im- provement in the market for raw sugar has been only moderate, but the sugar stocks are thoroughly deflated. Special moves were those in Collins and Alkman, due to short covering; In International Marcantile Marine pre- ferred, favorably influenced by the President signing the shipping bill, and in the International Telephone & Telegraph, A discordant roté was an- other new low for Western Union. Leadership sLifted about in the after- noon. Studebaker was still very strong, large blocks changing hi1is at the high of the day, but the real feature was In- ternational Nickel, which was at 97, up nearly five points on the day. Meanwhile adio forged lhe-d for a in of over six points, crossing 192. Inland Steel joined the other steel stocks in an upward move. General Electric and Consolidated Gas repre- sented the standard stocks in the spec- ulation for the rise. FREIGHT TBAFFIC HEAVIER. NEW YORK, May 24 (#).—Freight traffic picked up on the Chicago, Bur- lington & Quincy in the first 21 days of May, reaching 105,207 carloads, against 98,223 in the same period last year. BUTTER IS STEADY. CHICAGO, May 24 (#).—Butter un- changed: receipts, 11,859 tubs. Eggs unchanged; receipts, 27,056 cases. BRASS PRODUCTS UP. NEW YORK, May 24 (#).—American Brass Co. has advanced prices on cop-~ per and brass products ', cent a pound. ki EL 64 HG 2 BT 43 o4 145 TRY 484 54 ILI0Y 143 US Rubbr 1st pt 8% USSmeit (3%). USSmpt (3%). U 8 Steel (7) U 8 Steel of (7). Uni Leaf Tob(3) Un: Pilc 1st pf(8) Uni Pipe & R(2) Utah Copper (8) UL P&L Ate2), vanadium (14).. Vick Chem (4)., Viotor Talkgi4). Va-Caro Chem. . Va-CarCh 6% pt Vivaudou (b10 Vulean Detin... Wabash. .. ..iee Wabash of A (6) Wabash B (8)... Waldorf (1), . Walworth (1.20) ward Haking B. Warner PloA. .. Warner-Qu (¥). Warren Bros(4) Warren &Py W Penn ki pf Kl pf(7) P o). .. West DairyAid) Went Dairy B. .. Murytand., t Md 2d pf., Weat Pacifio. .. West Pagitio pf. Union (¥). o A B (2) nunse (4). Weston ileatrio Whitq Motora(1) White ltook (¥), White Sew Mach Willys-Overiund Willys-Ovd pt 7, Wilson & Co. ..o Wilwan Co uf A, Wilsun & Co of,. Woulworth (6), Worthn Fump. . Worth PumptA) Worth Purmp i) Wrikht Aero (¥) Wrigley (16%)., YalesTwne(18) Yellow Lruok... 47w doky Younetn ShiB) Bun S8l 8NN Nl Hourly Sales on N, ¥, Market, Madin,, HOLH00 18 m 1,484,000 1 21,700 Digtdena o it ol “T v parily oxtea 1 M o in o ‘lmu« atock A lai year-cio i 1664 A 104w 17 #6 LRy B Lty Tt oW 3id IIMU Twteat [t It l r [ ulm M ol cug | Europe overnight counted also as )n ok ot v ook uhu' 3000 MAY: 24, 1928, COM.8TK. 1,188,400 Sn. | PPO STK. 19 inn . 1 NO BONDS ! PER SHARE ANALYSIS. Property Dec. Total property per’ ! $53.64 ims s r'mwwu value of common stock. ... No dividends have ever been paid on rnyxmvm —Dow.ones report that earnins O e iorwodones renort_delivery ot photophone devices by subsidiary heing rush- ed to theaters throughout the country. Summary. 7.4 times the value of its age stock on the exchange Radio sells for roperties: the aver for, 1.66 times, Radio sells for 33 times its annual earn- the average stock on the exchance for 20 times. (Consult your banker or broker for fur- ther,information as o values back of this stocl Seripbook his for fature reference. WHEAT AGAIN RISES ON WEATHER NEWS| Hot, Dry Condition in Parts of Northwest Have Bullish Effect on Chicago Market. By the Assoclated Pre CHICAGO, May ~—Influenced by | persistent hot, dry weather In the Northwest, wheat values scored early new upturns today. Announcement of exceptionally good flour business with bullish factor Opening % to higher, wheat afterward showed mate- rial further gains. Corn, oats and pro- visions were likewise stronger, with corn starting s off to !2 up and sub- sequently establishing l general ad- vance. i CHICAGO STOCK MARKET. By Special Leased Wire to 'rn:l 41.:1' > ICAGO, May 24 —Following a rq‘):o}l!tcol today's sales, high, low and closing quotations on the Chicago 8tock Exchange: Sales. 3 ‘Auburn Bastian Blessing Boxter Laund A Beatrice Cr Dendlx, Corn ‘A Bendix’ Corp B t & S it SOW 4 10 r&v I 50 I"L‘n "l“ % s Ot R T i3 Chi Yellow “Cab Club Aluminum. Deckes + Biee “Trhueho Emp G&F of 770 + Emp G&F nf 8o "4 Evans Auto L A ¥ Evana Auto L B & Galeabe Cltr Dic. i3 D 3 2582523 S8R ®F PERE z - aome R Nnv--la| -I‘lm A Pines Winterte. er ? Qaeker rquaker O N Van Car 1 \'(.nuunmfivn.\ s oebuc imllh “?‘ oy DAL Stew A 3 fluum-ukn -AII A Swilt & Co oL 1 ™ nmn] ntl A bW humnun\ JR ' ln A Vah! ale SV i wae Valgrean 04 it In arner Geay Caulieshia Motor COTTON GOODS QUIET. NEW YORK, May 24 (Speolal) - Cotton goods markels were very quiet today and alightly easier. Print oloths were quoted at 7 h\r 64x80s and H. for @8x73s, the a decline of w th. Ray silks wn ouhL but lmm. . RUBBER ADVANCES. NEW YORK, 24 (8peolal) —~ Orude rubber, smoked ribbed sheeta ad- vanced an eighth of a cent at todav's noon quotation of 19. This com with 16% & month ago and 41 year ago, | Favorable View of Weather Out-| ' market opened steady today at an ad- | but eased in early trading, October sell- | and | lower. | lambs very scarce. Slaughter classes. FORD OUTI‘U'I‘ 'lhn hIM mator lant at Kearnes J. Ndlw! 150 to 375 ears d-tly mllul 50 to l a month apo. The plant employs abou workers, FINANCIAT." COTTON EASES OFF IN TODAY’S TRADING look Outweighs Relative Steadi- ness at Liverpool. By the Associated Press. NEW YORK, May 24.—The cotton vance of 1 point to a deciine of 6 points, | ing off to 20.73, or about 5 to 8 points | below yesterday's closing quotations on | the aciive positions. Some buying at the start on the rela- tively steady showing of Liverpool ap- peared to be outweighed by liquidation and selling for local or Southwestern ac- count, attributed to a favorable view of the weather outlook. Private cables said continental buying and trade calling had absorbed local liquidation in Liverpool and that a further fair business in cotton cloths was pending for China, but offers for India were impossible. Final liquidation of the May position sent the price about 12 points under July, but there was little business and trading in the current May contract ended at midday. July and later de- liveries eased off under a comparatively small volume of offerings prompted by the outlook for fair weather over the greater part of the South. July de- clined to 20.65, making a net loss of about 10 points. Prices were within 3 or 4 points of the lowest at midday. CHICAGO LIVE STOCK MARKET CHICAGO, May 24 (#) (United States Department of ~Agriculture).—Hogs— Receipts, 24,000 head; active; mostly 20 to 30 cents higher on better grade hogs scaling 180 pounds and up; light lights pigs 15 to 25 cents higher; top 10.10 paid for choice around 210 pounds. Butchers, medium to choice, 250-350 pounds, 9.35a10.00; 200-250 pounds, 9.50 a10.10; 160-200 pounds, 8.60a10.10; 130~ 160 pounds, 7.50a9.65; packing sows, 8.40a9.10; pigs, medium to choice, 90- 130 pounds, 7.00a8.00. Cattle—Receipts, 7,500 head; calves, 4,000 head; dull trade on weighty steers at recent decline; late kinds, especially light yearlings, moderately active; heavy steers, 50 cents to $1 lower for the weck; light steers steady to 25 cents Slaughter classes, steers, good and _choice, 1,300-1,500 pounds, 12.75a 14.25; 1,100-1,300 pounds, 12.75a14.25: 950-1,100 pounds, 12.75a14.50; common and medium, 850 pounds up, 10.00a12.75. Fed yearlings, good and choice, 750-950 pounds, 12.75a14.50. Heifers, good and | choice, 850 pounds down, 12.50a14.0 common and medium, 8.75a12.50. Cows, good and choice, 9.00a11.75; common | and medium, 7.75a9.00; low cutter and cutter, 6.00a7.75. Bulls, good and choice (beef), 9.00a10.50; cutter to medium, 7.75a9.00. Vealers (milk-fed), good and choice, 13.50a16.00: medium, 11.50a 13.50; cull and common, 8.00a11.50. Stocker and feeder steers, good and | choice (all weights). 11.50a12.75; com- mon and medium, 9.50a11.50. Sheep—Receipts, 7.000 head: fat lambs active, 10 to 25 cents higher: mostly 25 cents up: lights sorts con- sidered: springers sharing part of ad- vance: sheep unchanged: feeding Spring Soring lambs, good and choice, 17.65a 19.00; medium, 16.25a17.65: cull and common, 13.75a16.25. Lambs. good and choice (92 pounds down). 15.50a16.85: medijum, 14.00a15.75: cull and common. 11.75a14.00: medium to choice (92-100 | pounds), 13.25a16.75. Ewes, medium to | choice (150 pounds down), 6.25a9.00: cull and common, 2.00a7.25. ‘ FOREIGN EXCHANGE. 1Quotations furnished by W. B Ribhe & Co ) Nominal eold Selline checks value for nac London. pound """ $3.8805 84 --\ Montreal doll: 1.0 Vienn: Rudapest Warsaw. Conenhagen Orio, - erown . Stockholm crown NEW YORK. May 24 (#).—Foreign exchanges mixed: quotations in cents: Great Britain, demand, 4877,: cables, 488 5-16; 60-day bills on banks, 484%: Prance, demand, 393 9-1 cable: 393 13-16. Italy, demand, 526 5-! cables, 5. Demand—Belgium, 13.95: German 23.92'3: Holland, 40.32: Norway, 26. Sweden, 26'1‘1 Denmark. 26.82: S zerland, 19.26':: Spain, 16.75: Greece, 130; Poland, 11.25: Czechoslovakia, 2.9614; Jugoslavia, 1.76: Austris, 14.08; Rumania, .6214; Argentina. 42.70: Bra- | zil, 12.02; Tokio, 46.40; Shanghal, 69.75; Montreal, 99.87 TREASURY CERTIFICATES. (Reparten by J & W Seitzman & Co ) Sate—Mriucity wid Ofter July q Dec Money to Loan Sscured by first deed Of trust ob real estaiy Provailing interest and commission 2 3] 420 Wash. L. & Trow Jozzph I Weller 500 M0 & 2 e Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford | Renresentine Mutual Benefit Lite ina. 1 | 1520 K Street Main 07',‘ FIRST TRUST LOANS Home financing our speciaity. Funds now available through a new loan connection permit us to place First Trust Loans on completed dwellings at reason- able rates. Prompt attention given appli- cations. W. H. WEST COMPANY 916 15th St. Main 9900 WRIGHT, SLADE & CO. Members New York Stock Exchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or CARRIED ON 1ARGIN THE MAYFLOWER HOTEL Connecticut Avenne at De Sales St Telephone Main 370 Resident Partner Over a Third a Century’s Features of our Property Manage- ment Service is the care we take to keep owners ad- vised of the details of all matters of management i i they B. F. SAUL CO. Main2100 92515th St. 6% INCOME Safety Guaranteed FIRSI‘ mortgages on completed properties in and near Wash- ington are behind the Guaranty Securities which we now offer to vield 6%. In addition, this Corporation places its own capital resources of more than $3.400.000 at stake i~ an unequiv-cal guarantee of full paymeont of yo.r prind pal and interest. Denominations: $1,000, §500, $250. Maturities: 3 to 10 years. Illustrated book- let, “Guaranty Bonds,” mailed upon request. REALESTATE | MORTGAGE & GUARANTY CoRPORATION Capital Resources $ 3,400,000 26 JACKSON PLACE 1508 H Street WASHIN New York LDEST NATIONAL BANK IN DISTRI Complete Investment and Brokerage Service Copy ol v-r “Fortnightly Review™ ished on request G.M..P. MURPHY & CO. Members of New York Stock Erchange Connecticut at K GTON, D. C. Telephone Main 9600 Richmond Private Wire and Telephone to New York OF CoLUMBIA Your Own Standing —in the business community will gain through a connection with this century-old bank. have banked here Travelers' ] I \Washington's substantial for generations, Checks and Letters of Credit people National Metropolitan 114 Years ou 15th St, 114 Years Bank Opposite U. S. Treasury