Evening Star Newspaper, May 28, 1928, Page 12

L) CURB SHARES SAG ONMONEY ADVANCE Marking Up of Call Funds Rate Brings Heavy Sell- ing Into Market. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star, NEW YORK, May 28.—Marking up of the call loan renewal to 6'2 per cent, the highest in almost seven years, took speculative Wall Street by surprise in the late afternoon today. Specula- tive commitments were thrown upon the Curb Market in rather large volume but the effect here was not as pro- nounced as on the Stock Exchange. The fact that the majority of Curb fssues are not carried in margiaal ac- counts explained to some degree why prices did not fall away as readily as they did on the big board. The list, however, was not without feature on the side of advancing prices, many recently favored specialties reach: ing new highs. The situation in th rayon industry was reflected in active | buying at new high prices in American i Rayon Products and a further upturm in Tubize Artificial Silk. Both ‘com- | panies are said to be strongly in- | trenched and are benefiting materially | by the steady increase in the demand | for rayon and related products. Improvement Short-lived. For a brief interval the copper and metal issues were taken in hand, but the improvement was short-lived, and prices subsequently dropped back to or slightly below Friday's finals. The new Transcontinental Air Trans- port was called upon to absorb heavy profit-taking when weakness developed in related issues on the Stock Exchange. These offerings were absorbed only at the expense of prices, and at one time the loss extended to almost 3 points. New tops were reached in Bahia pre- ferred, Anglo-Chilean Nitrate, Evans | jssues, Safe-T-Stat, up 5 points: Bris- | tol-Myers, Doehler Die and Lehigh Coal | and Navigation. | Utilities Are Quieter. The action of the oil stocks indicated | that there is still prospect for public participation on the buying side until the situation in the industry is rem- edied and supply and demand are drawn closer. About the only issues which held speculative interest were those with huge cash surpluses and thereby in a position to reward share owners distributions. moment and recent favorites were lefi to drift for themselyes. COTTON HAS UPTURN AFTER EARLY DROP| Offerings Are Light and Market | Rallies on Covering—Liver- pool Mart Closed. WHEAT GOES LOWER ON WEATHER NEWS Showers in Canads and Rain Ex- pected South of Boundary Are Bearish Factors. i By the Associsted Press iyt CHICAGO LIVE STOCK MARKET CHICAGO, May 28 #) (United States Department of Agriculture) — | Hogs—] A { mostly 10 0 25 lower average, 21l interests buying: paid for choloe around Butthers, 200 pounds, 8.508 120-160 pounds, 74089.60. Pack- ing sows, $40a9.00. Pigs, medium W cholce, 96-130 pounds, 7.00a8.25, Cattie—Receipts, 16000 head; calves, $.000; steer and yearling trade 15 10 25 igher; cows siow; most Tat steers, 11.75 21350, best sround 1450, Slsugnter classer, ¥4 and cholce, 1,800 | 1500 pounds. 13.00a14.50; 1100-1,300 pounds. 12.00a14.50; 950-1,100 pounds. 1290814.90, common snd medium, 850 pounds up. 190081300, fed yeariugs, | 8008 and choice, 159950 pounds, 1215 1850, heiters. good end choice, 850 pounds down, 125081490, common and | i 250, Cows, good and om common snd me- 8990, Jow cutter and cutler, Bulls, good snd cholce (beef), eutter v medium, 1158885, v (milk-ted), gl snd choice, 120081690, medium, 115081200, culi | snd common, 80081150, Busker and Tenhier wwwrs, god and coolce (sll weighte), 117581200, oommon and | xowdiugn, 9481175 Breep—Feceipis, 12000 twesd; fat| lemstn and Byringers Tairly active, steady | 1 15 higher. initis] oomsignment, seven | Sonidiex oy Ldsh Byringers, 1999, fat Bghiwegn, sheep swsdy, others | Duly 25 lower, Blaughier classes, Bpring | wh and cooloe, 117151925, | 162681775, cull and commmon, | Lemin g8 wnd choice | 92 pounds down). 15 5081700 medium 140081855, cull and common, 11768 140 W chole (92 - 100 pounds), 122561675 Ewes, medium v wivion (186 pounds Gown). 5258900, | eul and vommon, 29087 4 . { GASOLINE IS STEADY i WEW YORK, May 28 R) A seads market for gesoline ruled throughout | v weer movn gasoline sl four prin- | apel refinery pointe i raging 8813 | oents & gallon, egeinst £06 cents lest | year, Gil, Peint snd Drug Reporier says | Bervice siation prices st 10 prineipal | rerkes wyeraged 19587 cen's, sgeinst | 1917 last yewr Crude ol st the welid nversged $1 AL & berrel, sgainst §1 427 o year sgo AP, | A promise i but o smell outley | Bom whickh Wwige revurns Me CEpACL THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales in hundreds. ez s SRI3SaEL L3-ZER0E inha P lum Co Am lum Co, Am bid e 7 S B Tt >>355 35332 ¥ 20 o s oS e o3 SEC e, 2o s onr Cigar...... Colortype. id ‘B yanami Dent~ Stores ) e o 5 3 »' rd o 3L e 3333333338 Oy~ WA OTOT, 9 St T S S ey mer. m 8 PpEErbEEEER o N o FEEPETEPEPE T8 2 m Anglo Chil Nitra 3 + Avizona Power. . SArt Met A K wi s & Fl.. et re et g oy 10 2 3 B sisises Sosaieisg 90 oSelemaDaongs: Bancitaly Barker B r B d ian Blessing Elec. . n . heon & H pid Bl e F FEESE 7 s L34 5 Brillo Mfg .. .. 30 Bristol Mvers. || 1 Brit-Am Tob B A ~igizha " fos (P 3 . R PN HPETt o IS 2 o TRty 358003 P Setuy ¥ 33 (33 aut R SR BN B R NN 2SS RSB feed i ey S AL Cent Sta El ofd € G Spr & Bump k Cab M. - Eiontob: ® e St 1 BE308e55%353 Eawuse i P23 st D RS 19 Sismmen: TIBREZ Col Grap rcts XD ‘ommonwith Ed. PESTEE i3 D - i it e EE 1 Guneo Pr ptd Curtis _Pub 33 o RRREG @ u..a__.-u aneutns . fAtter i o R SR e s o SR FEEE RRSES TR forty Bl e o =) 82w S S ou aiea B30 PR ATl PR -t et 4t I T vz l‘i L) PRSI N | Lot S BBZ X o g 1 & 34 B4 31 Bn £} @ IE 2 £ ot F R R i i 1 SRS FE R et Y H CH BuBan i o 8 ) il :33::.%;::.»:&2" 238 ST ARTE R RSP 3l +-+ s‘iizsgi;;:"« 14 . B2 e i { EER S eges Eerrey th *, S e TR S Fa BE Tt e & CS el o 3 2 LY u>§ SENR TRL o S e RESTRES 53 L W R SRR " SSAReSAT 2N S0P e Sa BRaw S5 e SRR E AT R e 22 2 aisais R @ 28 ERPREA 3 . S N~ TS SN Do MBS AL e At 1o aulensas > @ S & FISEENRRGSS IR SRR & R JUSAN: SERPERRE W P = - & = euaalw S Sl e - Su3ai 22ua- e IRTERNESISNILAITEAT . e FRE AR N ;‘.‘.?.':33.‘;.':.".2;&» 2 < 1 g o i P i Owens 8h G1153 % 5 U Seen ' o i Toews e rt 2 Ly 1m v 110 1 Mg ot % 08 14 Manon Bt Rhov 73". Mo, .. BBY 29 i o H R T - ha. Dros® ) = F333 : ) ety il b o 1 t LA ) 1 M oA 7% > sa-apelineaas S2RRRINIITas ) Wit » hawi s ‘Po 1 "”1:;:" Hyd war Y Maton” wit wth Met Prod Municios) Serv. o C; R IR P Trade Jon Nauohsr wi ptd Betwl Ogenr ou 0 2 SUANIREENI BN RERRASY 1 (IRT. T BT ] ?l’ 55 % 7] 14114 1;7'2 n;z o (17403 P 19 Puimalive Peet .1 et @) Groc & B 1 s b Gros B B4 4 ey A "fl llz % 108K ? A, 2 24 zg O ¥ b vid H9% s i Ol e, v ¢ siors B ?fl/. M Wil ‘Morrie 3 Er Bak A W% By Levi g W, 08 % Dy ernir % # 28 Serv 1 Serv 101% 101% oh ' Flnvte... Eln vie pfd 43 n 1. E 36 CEA i D) Cit Ut ptd. 5 Sou 4 San 1 Sot pan o) parks Withing. n 5 o Coast. . . Grocery ‘Al uthe 1 & Sou I & U 3 Southern Southw A B 36 Stor A 34% Bell pfd 119 * Chalfant, 30% Gen 5 F bl W Mach B B Timken Det Axle 1 5 Tishman ity 1 Tob Prod Export 4 Todd Ship..... § 268 Tran_Tr wi 3 Tripl 3 Truse 17 Tub Went West Point MfE. Wheel & ex S G. . con St ! A S Bt Auto Sin’A 8014 13074 %4 Zellerbach Cor. .. el | 1 Zonit 35~ 23,588 28 Sales JN] n hundreds, SisiemaieBeos s Bris S8 ™ =066 Bales in usands, 25 Al 3 Ailisd bk A 20 Alum Co A 0 Am Age C _— S e e 322 3 acanw o3 2500 33 » T=auleiRans o~ s Gon 1 Gen G i Gogr 3G 1 Guit 44 Gult 2 Gulf 48 Berv "ty MINING STOCKS. EPENDENT OIL STOCKS. 91 Am Con Oilfids. . 27 Am Maracaib Co WA i3 Bl S Eo ol ES: wapZan R bt P~ R S oo T D 2 et R 1 e NS L) D B e £ ER P PR o elais aau Ex Dt % 19 19 b bulers 201 > GOBDBR- s Rl S R % PIRR W S i & 3 WL R Fo (] 92D Be-R = 2 »s A S 2530 5 FEEET 2D 2 2ITTERRE WESREIN o A s s s aBanaartanatnsesie [55 SRR ERR RS TEATREESEASE Bl o o e @R B ZEAHTIIRR! ¥ AR Pow 4%8 9% Sere o35 2822235 2 3338323833288388 BERR R R S 33 23388 P = S3033TEEEEEE 53382 SR ¥ I 3355 VRARIRIRE PR R 35 i3] 100 94 # 0 o am it % 079 SeSerieni: ®3=p3ee3ed 001y T 1667 ARG “wa a Lar g i Lar avest Ba. i P8 D100, 5 Balt e A 1071 Tex W # Toa A ww B2 024 win M 65 108 1 Yena s # fl € Pow b, 1064, 106 4B by 7 b G Pa O Pa 47 e 0 r,; A uh B8 ; A 1 100 4 60 407, i o ises R 2 e e iy ST EA=Ban Rl T ST 3 FC 23 238233 323333335532 B RERE SO 1067, 04 0| % 10 100, o8 * iy 92 ik | years, | practically worthless. | immediate value lies in the manufac- NEWMETAL NEEDS SPEED UP MINING Black Hillsv Finding Place in Sun as Result of Devel- opments in Industry. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 28.—Unprece- dented activity in the mining districts of the country already has made its appearance this Spring. For some years the heavy increase in mining and production costs of the non-fer- rous metals has had a depressing ef- fect on activity. This year this has been counteracted sharply by the de- velopments in the chemical and metallurgical research fleld and in the development of manufacturing produc- tion. prospector went out with a pick, a shovel, a gold pan and perhaps a mag- nifying x?us and a simple assaying outfit. Then the search was all for gold, silver, lead, copper and zinc, with, in fact, the latter three metals re- garded in the light of labilities rather than assets. Today the old-time prospector is gone and the chemist and metallurgist search for new and obscure metals never heard of by the sourdoughs of Death Valley, the Panamint and the oeur d'Alenes. cThe Black Hills, once a great gold- producing_district, are finding a new place in the sun as a result of demand for new metals, according to Dr. A. T. Roos, who has just completed a sui vey of the district. Some of the for- mer boom towns, virtually deserted for have taken on new life. De- velopments in radio, aviation and the | chemical industry have created a mar- ket for metals heretofore considered Tantalum Being Used. i Tantalum is being found at n, Keystone and Pringle, in the Blln: Hills. This metal is used in mhz processes for hardening steel, in t’ production of trickle chargers or Tadio batteries and as a substitute for gold and platinum. In many cases the ore containing this metal has been returning producers $600 to $1,000 a ton. jum has been discovered in Cus- Le\F'Ceo'untY. 8. D. This is used in la! manufacture of radio tubes and while it was regarded as merely & curlosity up to 1926, the ore is now worth from to $2,000 a ton. ”m\xm.’!wnfl in ore containing 4 "Sf 8 per cent of this metal, is bringing “l to $50 a ton, as are deposits of beryl, mica, bentonite, ul{. tl’rypcm u;:e. | te and certain types o mfi the production of mineral paints. Remarkable development in nitrates are anticipated within the next few months. It already is known by insiders that some of the great explosive m:nu; facturers have developed of hetic nitrate production which are o "2 retire the new Muscles ;hofl.l plant to the discard as obsolete ind make the United States independent of the Chilean production. The secrets of these are closely guarded. Naturally they were first submitted to | the ordnance department of the United tes Army. u:vhlle, of ioum. these processes would be of intense value in time of war, their ture of fertilizer. Sessese \ L FEEESEE I23EVT2232]3 33 23 1 Stores 9815 ichfld Ol 6 A 138 n An PS be B 047 1 Bike A 102 26 Wheel St 4748 B 01, & Wisc Cent By, .. 98 . FOREIGN BONDS, st Airiatic Plec 70 26 Ac Mg Bk 7» b Ak Mg Bk 78 190 7100 W ih con b { Dandle Fort 41 Denmirk 5. b Danmerk §%a K Katonia 7e STV & 10 Fiee o Ger iu st Pru ¥ Pr - 10 t 6. 0B a MIs ¥nid 7a. 101 0 Taarco Hyd VI 7s 04 sotva Frascn 7u 1044 Mendorn 7148 ‘51 1 Bk Bowol 7s g Chila mk Wi Venet ippon E) 6% or Ger Dl s Gov paar Basin 7a In the early days of the West a D. C., MONDAY, .APPLE DROP HEAVY. Western Maryland Likely to Have Bhort Crop, It Is Predicted. Special Dispatch to The Star. BALTIMORE, May 28.—An unprec- edented fall of apples during the June drop perifod in the western Maryland apple region, has led to predictions of a short crop. QGrowers say they have never seen the drop so heavy this early In the year, and they attribute it to the blizzard during April and cold weathet during that month, when trees were coming into bloom. Castillo Graham, assistant entomolo- gist of the University of Maryland ex- tention ~service, who Inspected the orchards recently, reported the drop the heaviest he had seen at this season, but declined to make any estimates. Peaches in the western Maryland belt nprlrently are in good condition, there being only a normal drop. —_— Jamalca entertained more tourists during the past season than in several years. I;\Y 28, ,1928. NET INCOME GAINS. CHICAGO, May 28 (#).—Despite a decrease fn total operating revenue of about 1, per cent, the Illinols Central Rallway System showed an increase of net income during April over the same month in 1927. The revenue statement of the road, 1ssued today, showed the total operating income for April was $14,608,292, a de- crease of $203,589. The net income was $2,253,972, an increase over April, 1927, of $398,726. Both operating and net revenues for the first four months of 1928 slumped. The total of operating revenues was $59,394,053, showing a decrease of gg?]mo from the first four months of Net income for the perlod was $9,439,- 408, a decrease of $41,474. —_— INCOME SHOWS GAIN. NEW YORK, May 28 (#).—April net operating income of the Chicago Great Western rose to $70,986 from $41,588 in April last year and for four months | to of 1928 to $472,621 from $457,359 in the same period last year. TOBACCO RECEIPTS UP. | Sales of Maryland Leaf, Ro'ever,‘ Show Decline. €pecia) Dispatch to The Star. SALE OF GOVERNMENT SHIP LINES FORECAST NEW YORK, May 28 (#).—The New York Herald Tribune says that it has learned authoritatively that the Gov- BALTIMORE, May 28.~Receipts of | ernment-controlled United States lines Maryland leaf tobacco increased last week, totaling 246 hogsheads, compared with 189 the previous week, but sales | Board. and American Merchant Line will be d on sale soon by the Shipping The sale will involve the United declined to 206 hogsheads, against 338 | States liner Leviathan, flagship of hogsheads, leaving a stock in the State | fm;;‘gfor:f';;m;‘mfl:‘m j£nd ¢ public Roosevi residen tobacco warehouses of 3,482 hogsheads. ne President. elt, President Demand continues good for nearly all| Harding. Monticello and Mount Vernon grades and prices show little change ‘The first Ohlo tobacco arrived last week | and will be offered on the market this week. | Quotations today for Maryland leaf tobacco per 100 pounds: Inferior, 6.00 to 7.00; frosted, 3.00 to 4.00; sound com- | mon and greenish, 8.00 to 15.00; good | common, 16.00 to 25.00; medium, 26.00 to 40.00; good to fine red, 41.00 to 50.00 fancy, 50.00; seconds, common to good common, 6.00 to 15.00; medium, 16.00 23.00; seconds, to fine, 24.00 to 35.00; upper country, burley, nominal; ground leaves, 3.00 {0 25.00. DO YOU KNOW That you, too, can save money on nationally known new building materials here? 6”& C StaSW S*LFimbmNE Holiday Time Brings These Wardrobe Suggestions Welcome, we know, for a man’s needs are many, his time limited—and the success of a holiday calls for the full and proper wardrobe equipment. Not everything is listed here, but you can be sure that everything you could need or desire is here in our store. P-B 4-Pc. Golf Suits $40, $45, $50 The new models, the new fabrics, the new shades and patterns. And, as each suit has both trousers and knickers, it can con- veniently take a man from home or office to the fairway. P-B 3-Pc. Tropicals $35, $40, $45 Worsteds—tans, blues, greys and mixtures in the new pat- terns for this Summer. Also 3-piece twists at $35, flannels at $40 and 2-piece tropicals at $25 and $30. P-B Palm Beach Suits, $16.50 Presented in the new models, colors and patterns; tailored and finished with the same nicety as the higher-priced heavy-weight suits. sand and others. Blue Sport Coats. . $18 White Flannel Trousers. .. .$8.5() Striped Flannel Trousers. ..$9.00 Woolen Golf Knickers. ....$4.85 Duck Trousers .....$2.50 Khaki Trousers .....$2.50 Tans, light and dark greys, pin stripes, plaids, natural, Mohair Suits..$18 to $35 Linen Suits GolfKnickers,$2.85t0$6.50 $15 & $18 W Win wasaats, The New Shirts With the much favored John Barrymore collar $2.50 to $3.50 Popular with young men who like the graceful Barry- more collar. White and blue oxford and blue and green Irish poplin. g New Sport Shirts With the “Kay-Way” Shoulder $3 and $3.50 Collar attached and with a back pleat which gives fullest freedom for sport wear. White, blue, tan and grey heather shades. Union Suits, $1.95 Full cut, well tailored rayon suits in white, peach, Nile green, blue and orchid. Step-ins, $2.50 to $10 Rayon step-ins and silk step- ins in white, Nile green, orchid, peach and blue. . Pull-over Shirts, $1 Rayon pull-over shirts in all the colors to match your plain or fancy shorts. Panamas, Leghorns and Milans, $5.75 Soft hats preferred this sea- son, and we have prepared for the demand with a most attrac- tive selection. Other Panamas to $15; Leghorns and Milans to $10. Sennits, $2.25 Others to $5 Flat-foot Sennits, fine Sen- nits, Yacht Straws, etc. With plain and fancy bands. The New Ties With polka dots and plain colors to the fore $1.50 to $2.50 We emphasize the polka dots and solid color ties be- cause of their appropriateness at holiday time. Smart Golf Hose $1.15and $1.65 Wool hose, wool-and-cot- ton hose and cotton hose in plain colors, plaids, diamond patterns and others. Fancy Shorts, $1 to $6 Made of percale, madras, silk mixtures and silks, in plaids, blazer stripes, checked &gures and solid colors Beach Robes, $2.95 to $12 Terry cloth, oxford cloth, wool- cotton beach robes in wide, attractive assortment. New Jantzen Bathing Suits One and two piece styles in plain and fancy colors.