Evening Star Newspaper, June 20, 1928, Page 13

THE EVENING STAR, New_vork_curs WARKET | TREND S UPWARD | WASHINGTON : 20, 1928. [ Reccived by Private Wire Direct Ofice i Following s & Ist of stocks and | j3Chier cons Min .. AU AN 4% Borids tradet in on the New York Curb | 0 Gom Tin & Dreis.: .28 a8 © .98 ¢ Market today: 20 Cortes Silver 30 .39 .30 | Aceiol Prod A . 2 32 Golden Conter Nt B 8% § Aluss FS Pty i+ 4% tures—Bancitaly Another 1E Gold M Ltd 1 3% 3% 3% ungreds. High Low Close. | 180 Flor Goldfid M L U U} i ’ §M,m, i 1 36t 43 Htoa Bay Mun' & S 1% 185 | Gaiena Signal Oil Issues Fea- A P mkn pid. ... 20 2 1 Mason_ Val 1 | Alphs Port Com . .10 Prominent Share. les in INDUSTRIALS 210 Falcon Lead Min 08 " 00 .00 —— Alb Pick Bar yic ... 9 21ron Cap Copper.... T T Rmer Amer B Bov £l 3 e rmac Por BY WILLIAM F. HEFFERNAN, | Special Dispateh to The Star NEW YORK, June 20.—Upward tend- | | encles predominated in the curb mar- STOCKS, | ket today, but chief interest centered in the movement of a few selected issues 83 .85 .83 The most noteworthy incident was faracaibo €' " 4% 4% *d% | the sudden sharp upturn in all classes N Eend 10 10, 10 |of Galena Signal issues. The new pre- | Serv 3% #'s | ferred at 70 had almost doubled its 3 66 { market value overnight. The old pre- ferred at 66 compared with the previous : | final of 487.. while the common shot forward from 83 to 11 before the de- mand was supplied. Shorts Hurry to Cover. There was nothing jn the outside news to account for fhis spectacular | strength. However, it had been known | , | that a large short interest had existed | 113 | in the market for the stock for more & |than a year. Once the upward move- 1 | | | { I - e, -2 IR DD DY DB ; ] 11, | ment got under way, shorts hurried to | Srastora SO | cover in their contracts and had to bid O Tauds | tha price up sharply in order to obtain | ntepec OM 1. | their requiremen T O T » 8 Bancitaly Corporation stock con- | icino® R | tinued to absorb speculative attention eek Cans *'3, | Opening on a block of 1990 shares at s 3% | 1175, the price compared with yester- it day's final of 113', and continued to g ove forward But in the afternoon it ANDARD OIL 1SSUES AND FoR- | Ror i Ot Ji e ‘gronnd. gaine 3'« | greatly exaggerated and that nothing B S, 2 GRAHAM BROTHERS TRUCK LINE the report of the company issued to stockholders. Puget Sound Power Feature. Puget Sound Power & Light again 1 3190 1 n o 61 6y 381, 3ms featured the utilities, advancing to a 20 2014 204 | new high for year at 88 from the y fex Fin 21 £2% | previous final Rumors of a| ¢ T % 431> 49 |merger of this company with other o0 Prairie P 1 208 * 210 ‘<l 200 Soth Penn 8 .. | prominent utility interests wore GRE 0 2% 42 | vague, but speculative Wall Street con- 2008 O Kansas' ' v 20 tinued to place credence in them. A 3 e O no : 2313 1301 | American Gas & Electric was almost IN ALL SIZES AND TYPES 1308 O Ohie 111l 5 points higher and United Gas & . ; : 1800 Vactum On |71 : Improvement gained more than a point, N 1 | mates BONDS while others were little changed § Bet Motornas ' i 1 1 B Sousands As & group the oil shares worked e D u e e 321 Aln Pow ¢ % .. | slightly higher, with noteworthy buying 1 Duy z 3 3 Alfled Pk 8¢ 3 in such high-grade issues as Vacuum o v Oil & Gas and International Petroleum. i Aswre Gor 6 . i Placing of Phelps-Dodge on an $8 | 5 Co e 6s A annual dividend basis against the $6 ON ALL SIZES AND TYPES Sa kB s previously priced appeared to have Bow 206", 912 91| been discounted at the current level i Efiéfiy : s ¥ 3 ! and the price was x.xr:r‘h—a_ng.hi at 138, M fii e o e i EXPORT TRADE NEWS ECONOMY LOW PRICES DEPENDABILITY e BoBauBBlinus. DB e 2528 §333383 X fot Co : Fajardo Suzar Go 1§ Fansteel Prod . § Fedders 1 Pederal W > Lt i R LIFTS WHEAT PRICES| as always as always as always { Crop Damage Reports From Kan- sas Have Additiona] Bullish %65 Effect Toda; MERCHANTS EXPRESS —110" wheelbase | CHICAGO. June 20.—Influenced | | Jargely by assertions that new export | $ | dealings today and last night amount to Ed 45 D.. . 8 f | the huge aggregate of 4.000,000 bushels, § Sommerce Invest " 96 ° | wheat values took a decided upward COMMERCIAL TRUCK iGoms Tex 8311 #ring toda —120" wheelbase 7Contl G & E 855 A, 9 { a21;| Crop damage reports from Kansas J3oL,0n Ss 962 9% | were an additional bullish factor, and n Gk w3 there were fears of black rust in the 3 ake 65 83 % | Boring wheat belt. Previous sellers ber came active buyers of wheat future de- " | liveries, and so likewise did commission 1% -TON—130" wheelbase houses and foreigners as well. ‘Wheat closed unsettled 1% to 215 net s 3 4 fa 7 | higher; corn, 7 te 1'5 up: oats show- SPirestone T & R 8 ing '> to 1 advance, and provisions 58 Bk prire St .. 933 | varying from 5 decline to an equal gain. S5 Tak bt i o B S o I eyl R s OU may now have 1%-TON—140" whoelbase See these trucks today. > TNOPRER 8~ e EH M Freed Eise 1 Prench L 31 Preshm 5 ¥ SahLERReas. Q 88 Eauyesas: EEHEO00Q SRR YS (e FE NESEEE 8 i 3 i H 4 4 3 H 3 3 H H 6 4 H Gateway 7e '35 3 | July woosunda ot al 1363, 1373 21 Gantinesn Pow $s | September 401, 1.3R%, 1.39%, 33 Gearela Pow 5 ;, 288 ‘%En.tbez;)rgt;'or S e A W C 1 all the performce 51345 Let us tell you of the 13 Gulf Ol Pen §s "47 > 109 | July ceessie 0% S8 99% B . 3 Kinnear Stores "Il 4lake ¥ Tel & Mach 3hLen Val Clets ... Val C Saies A BN B s . b 20 N3RIBFREEHERY T gme mipdt o R g BRI D A0 a3 advantages of 6 cylinder 1% -TON—150" wheelbase many additional ad- 38 He '1:"\ ";‘; 3 s A 4 2 | July 4')“! ey 4 . . 50 Inland Steel 415 A : 911, comber .. R B . S i fn s s fres T G ki, brakes on any size or 13%.TON—165" wheelbase have the exact size and nterstate Pow s 98'5 4| 'r;f;;' e o i > . R ORI R G o S type of GrahamBrothers sg type for your business. R sp L B B 2 COTTON 600DS QUIET. Trucks ob Bommetcial : 5’5 Drive one. Compare o) [ciede Gas $12s. 7 100 ' 100 ‘| NEW YORK, June 20 (Special) — 21%.TON—150" wheelbase i e h 1 0 18 18, | cottan gooas markets were quiet todiy Gars. Y them —for price, for F ko o i B 0y S BT H R QU PO Rl Tor tne0s and 85 3 lue, f "1 Mohatt Fia it LI e 60 10h's | for exas, !hrl;:nrrlknn adsance ‘of I“s value, for appearance, 6 Mohawk Val .o 1 'z fidwest Gas 7 2 0 of a t w silks were slow 3 . 2 3 Jaisier b B8 | ST B e . | uhehanged price i Six cylinder power . . . 214 TON—165" wheelbase for their ability to do §Murphy GO ... arraz Co 88 A . 9933 9974 — — e | % & . 3 3 Nat Ei Pow A D BELGA 108" xfi’ BUTTER IS STEADY. Six cylmder speed Sidie your job and make you E:’gq - LR e T B 5 % 8 CHICAGO. June 28 (P).—Butter un- . . a1 o1s Chassis f. 0. b. Detroit money—with any truck G E AL 0% B et T Y | changed: recelpls, 6070 tubs, Eag Six cylinder flexibility Y y & 27acG & F 4l §1 3% | Gigher: recelpts, 818 cases: firsts . ou ever considered 18 Biin GhoEa 4w 10111 16 101'” a2815: ordinary’ firsts, 261502715 stor- and operating ease :2 sdival : u 2Pen P& L & 1017 1013, | age packed e: s, 3014: firsts, 3014, gk L e o o i | e T The snap of 6 cylinder all 1%, 1% and 2%-ton of the rugged depend- ey Biclol iRt o B St 0t 2 { DIVIDEND RATE UP. del bili d i T : w B'0%G %iis 32 Mis 443 | NEW YORK, June 20 (#).—Phel acceleration and the e abllty and operating e g U S WL S| Dodge: Corporation foday declared economy the world has Come to our salesroom B Ruor b o 51 5 %" ' | quarterly dividend of $2. placing the gafety of 4-wheel brake All th f i PR BT e Bt ook on'ay 88 e, T v thess ‘oacares at leasiied to assasiati - SENNE and ses S PR S X R H B B0y ke 0 e deceleration Four extremely low cost— with everything Dodge trucks or phone us for speed transmission on and without sacrifice Brothers builds. a demonstration. 3 i VOTE ON STOCK BOOST. 011 1011, | NEW YORK, June 20 (P).—Stock- . £ . 3 3 13 - . ;"v’!’ "‘V}’: humunx{;( United Business Publishers. r gt t 1\ " " | Inc., W vote July 2 on a proposed 13 @uske 5 H d P s 99% 100 | increase in 7 per cent preferred stock i, s Mo . TR 180 | Sl e, ot 45,000 mbaces 10100500 Graham Brothers Trucks are built in the chassis sizes that meet 95% of all hauling needs 1 Rea Z - 4 1 i 4 1041, 1041, | Shares. The present 200,000 shares of SRien 1 4 3 (4% 3% | no par common will be unchanged. "3 Rowe g 01 4 102 * oz * | S e AR e "3 Rone ¢ ‘ o 18 2 sb 68 '3 9 ¢4 *| GERMAN BONDS AND STOCKS. ‘ o 35, | By Special Leased Wire to The Star. My 9 NEW YORK, June 20— " 95 0 Bld. Asked % 1074, 1025 10215 | Ger Govt Red Loan with draw e on] Cits att per 100 & M 5500 60.00 RODle ek 1 13 Ger Govt "Red Loun - withiout ; . e 80 4 1980 Toate 1% | drawing cify pe Lo R ML 4000 4200 B . (Quoted i1y doliars per mililon murks) PHAEL S 55, Presi B m g 422 115" " 50’00 40,00 RAPHAEL SEMMES, President & % 5 | ""Quoted 1n doliars per thousand marks ) . 72 . REIGN BOND Ger Glen Elect A'ss pre-war... 2200 2300 60— P SN 9 FOREIGN BONDS, Ger Gen Bl 127 794 n 6660—Night Phone, Main 1943 in 48 pre-war i : 3 Adriatte Blee 7 . Hamburg dn. 30n & 4% pro-war 78 Qe N W v e £ | HARBUTE Abmaricns (haf 4ivee 2008 3 613 G St. N.W. 15 Akershun by North Germar Lioyd 4743 3000 3 | Krupp bs 192 ey Disseldort 4 pre-war.". . : Frankfort a-M 45 pre-war. ... Associate Dealers } Biienon Aires 1 ich 4a Brewar S : tienos Alres 7 1 (Quoted b dollars Der share) 2 o . ? Bormels & s 195 A E G (Qer Ge Eieo) G0 4600 o oS i Birmels o i, 82 LB e Sl iy 4R 1R - Edward B. Semmes, Inc., Alexandria, Va. Copentagen 4155 : 3 | Comniers and Privat Bank.... 2800 700 3 Derma ) 16 Farben 118000 14000 SR o~ Y . b o | biShonts M atachasi: 1ot 1L 14000 . C. Fleming Motor Co., Hyattsville, Md. 2 ] Berliner Handels, ..... » 12500 13500 Breaiey "t oo e o Drstanr Feod 0o B | Beiiache ik 0o e e g 4 o 100 1300 | Mierter SoARvienny. % Y North German Lloyd 1500 16.00 | Austrian A E O (General Elec) [ 100 0! hi s RIS TEEA-SURY CERTIFIéATES. | (Reportea by J. & W. Beltgman & Co. P $Van Dec 15, » . 9920-32 1 358 Dec 18, 09 20-92 § ! d et 100 1252 100 33 4 H i 3108 Dee. | 69 6.32 : 117 %, |FEDERAL LAND BANK BONDS. 141 1§ 18 i3 13 | Speont Dispateh 1o The star, We; ¥ :Tam: 10ats | NEW YORK, June 20 . 37 3 11 Mo b, [ Land Bank 41 Mav 105030 071, "o S ’ . 7 705 a1} | Land 93737 ¢ o2 e a4 § ; 3 8 8 | fand Tan 108131 Sold and Serviced by West Point Miy 1% 4 46 we 95 04, 98 | land ] May 1087-37 i Uit e ‘Goro 3 ] st shve 18012 1h | Land b o Dodge Brothers y pr & Wire iy 02 91, A3y Land v lun 19430p33 Youre 2% & o1 . ahm &y 83 fair 22 |kand &5 10aRonst Dealers Everywhere : Sgri FUOE VIO TTOR T J4J. 19850p8H ol 1 g Nis, B3, R, §,nml Jui, 195638 P MINING ST0C 3 9o 89, 90 | Land 3 &d {amun 4 5 T3nd Rank 410% Uun 10540044 j00t 4y ¢ A § Buiiker Hu:n i an -l:miu July 10bdapit o regie &) z ¢ H& ‘ .:av, opdl Cont - ,‘ & ol Furg 288383333¢ SR =