Evening Star Newspaper, August 1, 1928, Page 13

SELECTIVE SHARES RISE ON CURB MART Dnstrlbutnve and Chain Storei Stocks and Oils Have | Good Gains. { NY WILLIAM F. HEFFTRNAN, @recial Dispateh 1o The Star EW YORK. August 1.—Sharp ad- individual specialties selected r<hip of the upward movement the outstanding incidents in y ed in today res of companies with of them Sanitar points at’ one time ich was carried for- to & new high record Stores u, almost 10 ¢ of the high selling ee issues there was the ial structures which many tiough 1d eventually materialize and re- n special distributions to present | affliations with the and the growing ap- the rapid strides now commerciz] aviation will ned. E W Borg-Warner was another favorite also selling into new airplane i precation of wh beint made mea The oils were moved interest ed by Vacuum which ard more than a point. but ed to center in Prairie * following ite sharp break of ous day. The market received better suppori. however. around the 185 Jevel and unessiness over growing eom- if ith another leading pipe line company because of reeent expansion ©of operations was not as acute. Buffalo, Niagara and Eastern Power fssues were features in the utility group. refiected belief that bscause of rategical position in western New York prospects for increased earnings through expansion of operations are more promising than ther have besn in_the pas The volume of business was again | comparatively small and there were in- tervzis in the afternoon when trading ceme to a standstill Company Reports NEW YORK. August 1 () —Ameri- ean Railway Express Co. reports net incoms of $397.315 for the firss five | monthe of 1928, against $920.919 in the us corresponding d. Gross Tevenues_declined to $111.501 433 from | $114.505364. Total income was $113.- against $116.449,813 a year ago. | income was 3186549 Net profit of $"78 325 before depre- | ciation and interest and final profit of $162.744 after all charges are reported br Servel Inc. relrigerators, for the first half of 1928. The old aflinted 8ervel companies were organized Jan- | uary 1. after a preparation period of | 80 days was taken (o bring the new onmr into production. Sales for the half were $4.550.987 and £3.307.145 were in the sacond quarter, afte fhe new business started. Cash; on hand June 30 was $1.152.768: cur- 55. and current lia- | ) k Traction Co. earned $13.28 a s!nre on the common stock in the vear ended June 30, against $11.95 the vear before. Grost and net earnings. including subsidiaries, were ! new high records. i Operating revenues of subsidiaries | ‘were $38.656.763, an increase of $2,576.- 443. while balance applicable to Amer- fean Light & Traction was $6.328, H gain of $1.135381 after setting aside | $2.091.288 for depreciation and Tetire- | ments. The Bigelow-Hartford Carpet Co. re- ports net profit of $383.595 for the half year, equei tn $3.76 a share on the com- mon. afte preferred dividends. This compares with $878.664, or $3 a share. on the common a year ago. Cash and Liberty bonds on June 30 afounted to $2565321. Inventories were reduced to $5.937.920 from $7.151,355 a year ago. Ellery W. Mann, president of Zonite | Products Corporation, reports net earn- | ings for the year ended June 30 in-| ereased about 80 per cent. The regular | cuarterly dividend of cents a share was deelared, pavable August 15 Divi- dends are now being paid on 176000 £hares of common compared with 144.- | 000 shares outstanding before th> recent ecquisition of the Agme! Corporation. Commercial Credit Co. and subsidiaries increased net income for the half year 1o $1.602.395 from $660,299 in the first half of 1927. equivalent to $1.54 a share on the common. after preferred ai dends. against 15 cenis a share a year L Consolidzted Cigar Corporation in-| ereased its net profit for the half vear | 10 $1.642.503 from $1.280,614 in the first helf of 1923 i Consolidated Electric Light & ore earned $2.97 a the common. after preferred n the first half of 1928, the first half moved up 1o against 8243 a share in Net income 42845 f-om $2.819.179 The McCall Corps s share in the i n the first h rose 1o §930 tion earned 8352 year. against $3.03 1 Net income 500,683 Novadel Process Corporation. Buffaio, | profit of '$226559 for the $180 on the com- 4 dividends, against ear 2go, and $1.54 on the fus Kayser share on ! ended June 20 dividends. sgai year Kk tired $2 100 & & Co_earned $307 » common stock in the year alter »s’ preferred hare th AOCK a8 re- income was the Wabash Rallwas a1 advanced 1o 81921584 preferred dividends o 19 are on the common This h $1409810 in the or 3203 & share on the Bezgar Given Six Months H”LXW! "/ liam Hert The Star Md, August 1. W beggar. blind in one deal In and speechless sentenced e 6 months in jail yes terdey [olloving his eonvietion on charges of swearing and vagrancy Harten samited thet he successtully soliciten Washington. Balti more and phis. When arrested he hed of money in his pocket Factory PREDERICK. Md., August | —FEarls this morning fire destroyed the candy snd polelo chip factory of George L Walker. The fire started in the center of the bullding benegth the stairway leading 1o the second floor. The Joss s about $25.0000 partly covered by in- wurance Fire Loss $25,000 Alesker cenners report an exeeption ally hesvy cairh of saimon this year. Following is & list of stocks and bonds traded in on the New York Curb erke\ today . Sales INDUSTRIALS 1 hundred: Hign 2 Aero Alles { Alnna “rort 3Alum Co Amer 1 Alum Ttd 1 Alum Lid Fs W &Am & For Paw war 3 Am Cvanamia B 24 Am Cyanamid rts 8 Amer Dept bioves 1 Awmer Sup M1 A 15 Cen Marconi W 3 Cannon Milie 3 Carnstion Milk 1Casile A M 4 Caternil Traet 1 Gavan Dobb p 2Gean € Am Pl B "3 pte A 1 Elec sheve g $Evans £ 8 7 Evans Wall Lead 3 Fageol Mot Co A 1 Biroman Fung ps’ 3¢ Ford Mot Co Can 333 Fox Theaters 1Gea Am Inv 33 Gen Bak 1Gen Milis TEEEEIE ntl Shoe | Intern Gt A 10 3 Intern Il B v f, Dept Siaies | Superpo. We i g N vnel 86 Froa "0 1 on Res Con 4« Vol et dei ipal “gerv 1 Semang E fump " b Sy ter Sup | _nzazxzzlz': e Nauheim Priarm 12 Neisner Br of i Newp Co LRV S % North © 1Nor B8ta Northwest Bn i benn Qoo 14” war 2 Penn Wt L itars Grogery ulte Rea! ult On Oni. » n 2 ?. mwz'erz ERE Pen lics Gel vie ilver T & Bros ; st 101 1 Southern Stores A 21 8pan & Gen reg DD 1074 13panish & Gen B DD 101, £ Soarks Withing 1027 4 gunn Pow & Lt 1 Bunres’ Hugo naeen AlL T 4 Trans Lux Pic > first | _ 3 Wegien 12 Mount 4 Fendem Ol n® .. b u' 1w, SSUES AND PORMER TES - STOCK! STANDARD oIl SUBSIDIA 900 Humble O & 7 100 Tilinots P 1 400 Imp O Can 100 Indiana P L 1600 Inter_Pet Ltd 100 Nat Transit 300 Ohio Oil 300 Penn Mex “Fuel 300 Prairie Q & © 1330 Prairie P 1 300 South Penn O 4300 8 O Indiana § O Kansas Kentucky 1008 6 Omy 3300 Vaenum Of Assoe Gas & El 5las10 Assoc Gus & EI 4135 g8 MILLIONS IN SPORT - READY FOR TAKING ‘Retlrement of Tunney Opens | Big Field for Eliminatiens to Choose Successor. | BY 1. C. ROYLE. i Special Dispatch to The Star. NEW YORK, August 1.—Develop- ments in the world of sport in the last iew das have tossed mulions of dollars | into the arena for big business to sc.am- | ble for. The entry of sports into big business enterprise can no longer be | doubted or nverlooked and a score of in- | dustries will be affected by the recent changes in the sport situation. The retirement of Gene Tunney, | heavyweight champion of the world, | naturally is the oulsianding feature. His | | renunciation of his titie means the turn- irg_of the tarnstiles to the tune of a million or more dollars at the lowest es- timate. The latest battle participated | in by ths former champion left the pro- moters holding the bag to the tune of well over $100,000, but the filling of the Tunney shoes is sure to enrich some im- | presarios to the extent of 10 times that sum. Process of Elimination. | Tunney has not attempted to name {his successor. That means that the holder of the title must be selected by the process of elimination, which wiil o1:7 | nvolve bouts in which Uzcudun, Heeney, 43 Commerce [ntesi 6¢ {Gons'G Ball 6n A 1 Cons P WCan 1 G AF A 3Contl Oil s 9 Hood Pub 7s o3 Houston guit & 6a ousten Gult G, 8 A d O mn-'A arrax Co 32 38t L Gas & Coke 61 10 Sehults R Esc b 3 Schulte R Est 6 X Slas o Sloss Sh 6 § Shorin 1 5on C 13 South 2322332332 3 ns-m & o 51‘ W do s @ Rall bias * | be staged, with a top 2% A 100 A8, 88 BONDA 1 Western Pow 8ia 17 West Tex Util 88 A Sales in FORRIGN thousends e Blee T s Alershus o8 12 Berlin 8¢ 3 Buenos Aires T 52 2 Buenos ~Aires A 1 Cuban Tel T'os A Pv elsen Min 8 r Cons Mun 8 177 Ger Provacom Al A AN 0 Hambure € A1 9 4Indt M Bk and 7 90k 13 Ital Supernow 0 ¥ Tonteo Hod Elec % 3413 S Lson Tie © 7' ww 104 % Mendots 7'.x ‘81 iy 4 Mor Rk Bogate T3 0. 971, i Ohile 81 1 Munt Medellin Ax 2 Muni Medellin T 1 Muni Medellin 8158 14 Natherland 6s B io mnm- W ow ntiage Tr auda Falls b A A fl *| Because A Eos a8 a0 Rl Ex-dividens w{_Whan Insued New ~With warrants Associated Gas & Electrie reports net, 4 {earnings of $18,167,902. after taxes, for 3| the year ended May 31 | 667.808 the vear against §14, before, Balance for | dividends and surplus was $8.101,802 | an increase of $1,376,731 under which you set come~—for your the future, effective plan, and 92, | moters. , | cession was also A Living Trust property interests, will provide assured in- If and whomsoever you may designate — however your business There is no surer means of safeguarding Let us explain thi particular qualifications for serving under UNION TRUST I:flMPAIIY OF THE DISTRICT OF COLUMBIA B Y | Sharkey, Risko. Tommy Loughran, Han-~ sen ana a dozen others musc take part funney did not make the error of Jim Jetities. the only other heavyweight | champion who revired undefeatzd, and attempt 1o dictate the fstic dynasty. Jettries' naming of Tommy Burns nnaly torced the ex-champion again into the ring and into ignominjous aefeat | There is small indication that the scale of prices for the elimination bouts | will be lower than the average of the last year. which means a top of a least $23 a_seat. Certainly the contenders. with Tunney out of the way, will be anything but modest in their demands. All of this will run into “important | money." Have Many Ramifications. These insvitable bouts will have a bearing on the earnings of the paper and printing industry, on the mosies, the radio and the sporting goods deal- ers. In his moans over recent losses, Rickard has blamed the radio vigorous- | ly and the fact remains that the sales of radio dealers have increased in exact | proportion as the boxing bouts have de- clined in drawing powe One famous boxingz fan said todey. | however, that he beiieved the radio had don® mora than all the ballyhooing press agents and hired sports writers 0 popuiarize boxing The big returns irom athletic events ! will not be confined to the prize ring. When the teams which will parnstorm the United States on the tennis courts arrive from England and France to meet an American aggregation of rack- | { et wielders, the admitttance fees will | | commence to flow in rivers at Boston, | Philadelphia and Forest Hills. The | hold big business has on tennis has been clearly shown when the backers of the Davis Cup matches at the Roland Garros Stadium in Paris were able to | bring such pressure to bear to bolster | gate receipts that the Amsrican Am- | bassador entered a plea for the rein- statement of Tilden. In sporting and business circles today | the appointment of the British and & French teams to tour this country is re- garded as a return for the favor then | aranted calculated to boost receipts at | Longwood, Merion And Forest Hills. Foreigners Coming Over. ‘There is small doubt that many of the foreign victors in the Olympic games will be induced by sport promoters to come to America and take part in meets against the American athletes, to the benefit of the pocketbooks of the pro- | ‘The national amateur golf championship will be followed by =a | series of match games which will make | heavy returns to the country clubs stag- |ing them The International polo matches will rice of $11.11 eat per game. and the matches will | probably be followed by a sale of nolo ponies, the total of which will run above 18150,000. No small number of polo en- | thusiasts combine the playing of the |game with breeding, training and deal- | ing in ponies. | _Therefore the ghost writers who do the actual work for the sporting celebri- ties who are supposed to reveal the in- side of sporting events from the expert's | angle are putting new ribbons into their | typewriters and sharpening up,the old blue peneil Flying Dining Car Busy. Cold meals and drinks are being served on the airplanes flying between | Berlin and Vienna, and a steward in a | small kitchen In the machine is usually busy serving food and refreshments | The new plane having the service was named the Hermann Koehl, in honor of the transatlantic flyer, but it has | been nicknamed “The Flying Dining Car.” The concern which has the con- fven rights to serve on other planes, It has been operatin, rallway dining and sleeping cars n, raflways of Central Europe, Wor Id Monkey Shortage. of the great number of | monkeys needed for gland operations. there is a shortage in the supply of animals. ‘This has just been disclosed At Matlock Bath, the Derbyshire, Eng- land, spa. This year the annual exhi- bitlon of monkeys provided for visitors has been abandoned because the cages | are empty. According to M, Flint, the town manager, he has been Informed {that 70 monkeys were being shipped | | from England to France each week for Voronoff monkey gland operations, and | that the supply had not proved equal ta the demand | apart certain of your simple and the “Unien Trust’s” D. €. WEDNESDAY, Commodity News 4 PHILADELPHIA, August 1 (Spe- clal).—Production of huun in local plants is down from its peak of the year, but cancellations mva mlen off as compared with last year, and the back Jog of orders is satisfactory. LANSING.—Mchnn potate grow- ert will ask a considerable reduction in freight rates to meet an advantage which they allege is enjoyed by grow- | ers of Wisconsin and other nearby | States. CLEVELAND. — Manufacturers en- gaged in the production of airplane ac- | cessories are inereasing pay rolls. These include producers of landing wheels, tires, shock absorbers, engine s, banana ofl to harden wing sur- paints. ofls and varnishes serews, bolts and nuts, NEW ORLEANS.—Voters are already discusaing vigorously the proposal which | must be ratified at the November elec- tlons to increase the State tax on gaso- line from 2 to 4 cents a gallon and to devote 1 cent of the new tax to the re- tirement of a $30.000.000 bond issue which will be used for paving highways of the sm- QILVER QUOTATIONS NEW YORK. August 1 IM —Blr sil- | ver, 59'4; Mexican dollars, | of bringing about a me AUGUST 1, 1928 ,LAN TO0 ACQUIRE FIRM. NEW YORK, August 1 (P).—Acqui- sition of Helens Gas & Electric Co. is contemplated by American Power & Light Co., it was revealed today in a letter to stockholders of Helena Gas & Electric from J. H. Pardee, presi- dcnt, advising them that steps are be- ing taken to dissolve the company. American Light & Power, he said, would assume all obligations, including the 6 per cent bonds. U dissolu- tion of Helena Gas & Electric, pre- terred stockholders will be paid ac- | crued dividends and common stock- | holders will receive one share of Amer- | | iean Power & Light common stock for | | esch share of Helena Gas & Electric common. MERGE ON PROXIES. NEW YORK, August 1 (#). —Proxies, | and not deposit of stock. are the melm er of Pler Arrow Moter Car Co. and the Stude- baker Corporatien, said M. E. Forbes, president of Plerce-Arrow. A situation | could not arise where stock for which no proxies had been given would sell at a higher price than stock for which proxies had heen given. he said, and that purchases of stock in the open | market necessarily would be precluded, as any stock so bought might have al- ready assented to the plan. 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