Evening Star Newspaper, August 16, 1928, Page 14

FINANCIAL. CAPITAL TRACTION LEADS N TRADIG FINANCIAL WHEAT GOES HIGHER IN FINAL TRADING Market Turns Upward on Reports of Grain Storing Plans by THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. STAR, WASHINGTON, D. C, THURSDAY, AUGUST 16, 1928. | STOCKS ARE ACTIVE NI MARKE Weston Electrical Corporation. NEW YORK. August 16 (#).—Weston Electrical Instrument Corporation haq net profit of $246,611 for the half vear, against $239.894 a year ago. This is equal to $1.43 a share on the A share- and 93 cents on the common, againzt l“ 32 on the A and 82 cents on the | ' Baltimore Markets BALTIMORE, Md., August 16 (Spe- cial).—Potatoes, white, bushel, 75a80; | new potatoes, barrel, 125a2.10; sweet potatoes, barrel, 1.50a5.50; yams, bar- | rel, 4.00a5.00; beans, bushel, 1.25a140; Onen. Hieh £01y 801y 8% 9% 1om 201 201 Righ 301y 100 82 Low 381y Onen. SR Open 4214 17t 133, | Abttivt Power (4 Abitibi Po pf(6) Abrahm&Strans Adams Exp (6). Pan-Amer Pet B Pan-Am Wn B Panhandle. .. .. Parmt-Fm(j8) 2'a | First NatS(1%) 891 | Fisk Rubber. 101t | Fisk 1st pf( 201 | Kisk 18t pf ev(7) common in the previous corresponding period. 201 ST - o W. R. & E. and Merchants’ Transfer and Storage Appear on Exchange. BY EDWARD C. STONE. on led the Washington today_in volt 120 shares _c! The osed at 1033, | A onally yesterday's ston Rai Electr inter 20 and | on ¢ Powel 08 ed at tock and 104 came out. § nging hands | n. Potomac 108, the best hington Gas 58 Adv Rumley | Adv Rumie; Ahumada Lea Air Reductng( lower | Am 2) Fdy (6) Am Chicle(3). | Am Drug(8oc) came | Am Express(f). est. | Am & For Pow AM&Folo pf(§) Am Hide & L Phldg(8) iting (§) pIT). Am S Am § lam Am Am 1{Am Type p received a letter Seay, this area and obacco(8). 1 AmWW& reviewing | Am Woolen. Am Woolen pf.. edit ex- | Am Zinc note of © borrowin shows that on Am Zinc pf. | Anaconda (4) y | Archer-Dan(3). pf. a. Home Pre3) 424 424 42 424 ) Fleischmann(3) 5 53 | Foundation Co.. «| Fox Film A(4).. 70% | Freeport (161 ). i, | Gabriel Snub A, 25| Gardner Moror.. | Gen Am Tnk(4). Asphait.... Cable ec(16)... sA(o14) v lce Crm (3). Motors(17). Mot pfe7).. Gen Outdr Ad(4) GenOutdrad(2). n Ry Sig().. Y2 Gen Refrac(3)., t | Gillette Raz(5 M § Gimbel Bros 194% 1 Gimbl Br pf (7 + 34 1 Ghdden Co ~ 100 { Gald Dusty Goodrichi4). ... Goodyear Tire. . Goodyr 1st pf( Gotham(32 Gotham n( iraham-Pa irhmeT Granby Minc4) and Stores(1) W0 40 38 1 10 12 1005 0ty N ay 84 11 194 © North pf(s t Nor Ot1 t Wn Su M &N pfi6 Guif States Stl, Hacknsk W (1) Hack W pli14,) | Hanna 1stpt... | Hartman At Hartmn B(1 Hershey Corp. Hershey pf(4) 7 D 110 '{ Houston Ol Howe S Hud Man Hudson Mot(5). Hupp Mot (£2)., 1llinots Cen(7). Indep Oil(1).... Indian Refining. 134 160 Ind { Pub s fPub s Park & Til (13). Park Utah(80c). Pathe Ex. . Pathe Ex(A) Patino M (2 Penick & For Penieh& I pf (i) Penn Dix Cm(2 Penn R R ( Peoria & Fast Peeriess Motor Phila Co pf(2} Phila & RC& 1., . Phil Morris(1) 16 Phillips-Jon(3). 5215 53 o 53 PhillipsPet(1%) 40 Pierce-Arrow... 13 13 Pierce-Arrow pf 5 Pierce OiL Pierce Ol pf.. Plerce Petrolm. Pllisbury (1.60) Pitts Coal .. PItts& WV PortoRie Porto} Postal T tum (3) Pressed Stl Car Produ & Refinrs Pub Serv NJ(2) v pE(B). J pris). pe(6) Puliman Cot4). Pure O1l ¢ " 1394 18 3xt 6 9ty N 6 34 PI6). Radio Corp RadioCo pf(3 Reading Ry4). Reading 2d( Lieal Silk Hos. Reis (1) & Co. . Kemingin-Rand Rem-Rd 1st(7). Reo Mot( 1. Rep 1 & S4) Richfield O11(2). Rossia Ins(5). . Royal D(a3 St Jos L.ead(13). Sth & Sank'(18). SE 20 pd () vage Arms(2) hulte (83%).. ab Alr Line. .. 2| there w | Advances Scored at Lively, Session—Can and Motor Issues in Demand. BY GEORGE T. ecial Dispateh 0 T NEW YORK, August 16.—Stimulated by a further drop in call money, the | Stock Market moved ahead vigorously | today. The renewal rate for call money was 6 per cent. Before noon it had | dropped to 51, per cent. In the after- | noon it went {0 5 and then to 4%, per | cent. Only last ed at & per cent This apparent reversal in the credit situation, combined with the advertis- | ing the market had received on the day | before, brought buying orders in ail along the line. Profit-taking, which < heavy at intervals, was well ab- | orbed, and the whole list exhibited a | ident tone. i e in the 1, Beth- | at the | close 4 HUGHE day call money loan- | Crucible sold he session toward th Refining v up between nts and Kroger Grocery gain In other stocks. there was a good deal of profit-taking t cet turned dull on every t left off firm, and 5 p tended Time Money Eas I easier tone in time money fur- gement to the bulls, al- insisted that funda- | lly credit conditions had not °d. Wall Street, however, was inced for the moment at least that | view was the correct one, namely moncy was not going to obstruet dvance in stocks | were numerous. American 2 carly leader, selling at | first time in history. | Can was carried along | new high. Both of them | been favorites for a long time and nothing new in their affairs | account for the enthusiasm. | On the other hand, the rise in Amer- jcan Smelting & Refining to 208, still another record high for all time, An | though the to 140° tomatoes, bushel, I poor and thin, boets, 100, 2.0003.00: cabbage, 100, 3.00 26.00; carrots, 100, 1.0024.00: corn. do: en, 10al15; cucumbers, basket, 25a65; cel- crate, 250a3.50; lima beans, bushel, 1.25a1.75: lettuce, crate, bushel, 40: onions, bushel ’ 1.00a1.50; basket 30a60. Apples, bushel, quart, 10a12} 58150 blackberries, . cantaloupes, basket, 30 a60; crate, 60al.50: huckleberries, quart, 10a15: peaches, bushel 1.75: pears. bushel, 2.00a2.25; watermelons, 100, 15.00240.00. Dairy Market. Poultry—Spring chickens, pound. 32a Leghorns. 25a32: old hens, 19a28 17a28; old roosters, 14a 36 117: ducks, 21a23: poor and thin, 17a 18 old. 15a18: pigeons, fowl, each 90a1.00. Eggs—Receipts, 435 cases; native and nearby current receipts, free cases, 29; firsts, dozen, 31: butter, good to fancy creamery. pound. 45',a48; prints, 48a . blacks. 47a49: ladles. 35a3 packed, process, 41a411%. Hay and Grain Price Wheat—No. 2 red Winter, domestic no quotations: No. 2 red Winter. gar- licky, domestic, August delivery, 1.28%;: S(‘rle‘ombrr delivery, 1.30'; bid: spot 1.28%, Bag lots of nearby, at wharf, no sales Cargoes on grade-—No. 2 red Winter. licky, 1.28; No. 3, No. 4. No. 5, 1.19. Corn—No. 2°yellow, domestic, 1.17: No. 2 contract, export, no quotations corn on cob, new, 5.75a6.00, nominal, per_barrel Oats—No. 2 white, new. 51a52, nomi- nal; No. 3, new, domestic, old, 50a51 nominal Hay Rye Straw ton: No. 25a30; guinea 1:25¢ 1.22: No receipts. Nearby, 1.05a1.20. No. 1 1 oat, 12.00a13.00. Lake Superior Corporation. NEW YORK. August 16 (). —Profit of Lake Superior Corporation for the half vear fell to $5.031 from $205221 in the first half of 1927. GERMAN BONDS AND STOCKS. wheat, 11.00a12.00 per | | | 1 | net | than Northwest Farmers. By the Associated Press | CHICAGO, August 16.—Wheat turned upward in price today toward the last influenced by reports that Northwestern farmers are planning to hold or store their wheat wherever possible. It was also asserted that Spring wheat growers are buying future delivery contracts when selling their cash grain. On the other hand, Kansas City stocks of Win- ter wheat were estimated today at 22.- 000.000 bushels, the largest total on rec- ord | Wheat closed strong. 1!} to 1%; cents higher: corn. 'g to 175 up: oats 15 to 13 off, and provisions unchanged to a rise of 25.00 Opening ¢ to 1':c off, Chicago wheat later recovered somewhat. Corn and oats were likewise easier, with corn starting 3.c to 1'4c down, but subse- quently developing strength in the September delivery. Provisions showed gains. | With warmer weather dispelling still more any liklihood of frost damage to the wheat crop in Canada, and with Liverpool quotations a good deal lower due, traders -looking for lower prices had a material advantage much of the time today. Meanwhile, harvest- ing was reported as becoming general south of the Canadian border with the greater part of the crop ripe and qual- ity as a rule good | Rain in Nebraska.and South Dako where more moisture has been needed for the new corn crop, was a factor in turning the corn market down today at first. Hog prices at $13.00 a hun- dredweight today, however, a new top record since 1926, indicated probable increased feeding demand for old corn, and previous speculative sellezs of the September corn delivery made haste t7 buy WHEAT — Sentember December March May CORN September December Maich OATS September (new) December (new) Maren RYE September December July Copper Production. NEW YORK. August 16 (P\. — production of copper by countries that furnish about 98 per cent of the world output amounted to 153,190 short to against 156.474 in June, 152 414 in M. and 132186 in_ April. the American Bureau of Metal Statistics reports WILL SELL & Finanee G. M. 6%, 1018 I $1.000 Arlinzton Apartments. @ 9% Units Real Guaranty @ Morteage Real FEstate ants common 7% 6dc. National Morteage National M common @ F. H. Smith 3%:% pfd. Bid, F. W. Smith 3% pfd. Bid National Capital Morteage 133 Estate R34, 60 Mortzaze & 100 & Guar- 300 & Inv. ofd age & Investment 190 3 Units @ A0 3 Units 50 Areade Market pfd. 125 Arcade Market com. Bid. 200 Miller Train Control. Bid. THOMAS L. HUME 1412 G St.—Main 1346 American Bond Co. #n, Rid JUST ROLLING ALONG? 1= business just barels rolling along: withaut mueh speed” Then it's a good time now. when sou have time. to re- arrange sour office. A few h-Dan pf( an Refy ctfs Inland S(kT6%). Inspiration Cop. InterboroRapTr | InterconRubber Internat Agri. .. { Int Cement(4).. Int Com Enz(2) Int Comb pf(7). Int Harv(j6). .. Int Mtch pf 3.20 Int Mer Marine. Int Mer Mar pf. Int Nickel(2). .. Inter Nick pf(6) Int Paper(240). int Paper pf(7) IntPap cfs(2.40) in Pap pf efs(7) Int Ry Cent Am. Int Silver...... 141 141 Int Tel & Tel(6) 170% 170% Island Creek(4). 481 48k Jewel Tea(4)... 2 2 Johns-Manv (3). 1 124 KCP&L 1st(7).. 112 Kan City South, 50 Kan C S0 pf(4).. 67 Kayser J ( 0% Keith-Albe 204 < 80y borrowings were | 4 than at the | ArmourDel pf(7 Loans to local | Armour, £il(A). 00, | Arimour, 111(B) 0.- | Armour, 11 pf(7) on | Arnold Con & Cy reserve de- | Artloom( | March . 1o RAIL STRIKE FEARED. CLEVELAND, Ohio, August 16 (Spe- ial).—Railroad brotherhood officials ex- pect that at least 93 per cent of the trainmen and conductors on Western railroads will have voted to strike for higher wages when ballots are counted at_Chicago September 2 | Then, unless a basis of settlement is found, 70,000 men on 80 roads operat- ing west of the Mississippi will be or- dered out, with a consequent serious tie- up in traffic. new pieces of OFFICE FURNITURE o faster. Nothinz sueeeeds like the appeatance of success. Seab Air L pf... agrave(el.2o) ars Roe(i21;) neca Copp attuck FG(2) Shell Unt1.40). hubert The(d). mmons Co(3). Simms Pete Sinciair O1 Skelly Oil(2). o, | Snider Packs 106w taty| S0 ERB DL South Calif Ed.. South Dairtes A. South Dairies B. South Pac(6)... South Ry (8). SouRyM&OCTs 4 1 Spang Chalifnt.. Spear & Co..... Spicer Mfx..... Std Com Toh (3). SAG&E (3%). connected with the evidence of prosper- ity in the coppe raising of the Special Dispatch to The Star. 94!y NEW YORK, August 16.— 1891 100 industry given by. the | nnecoft dividend on the day before. Kennecott itself did | Ger Govt Red Loan little, but Greene Cananea, Cerro’ de | Ger'ahvs "hod pomn . | cer \aconda were actively | I was | K ‘ Govt Red Loan - wiiout draw ctfs per 1.000 R (Quoted in dollars per mflHl\g» z;'ar}:\v 2200 225 o0 3000 3000 13 1 g bor-saving. in of the steel up five point nce the stock was listed. ports were given in explana- United States S but touching it was at group was | g, at 66. and | Ger Gen Elec 4'.s pre-xar | Ger Gen Elec 4'us 1919 Berlin 45 pre-war | Hamburg 3s. 3'2¢ & & pre-war teel moved more | Hamburg American Line 4.5 146 during the | North German Llosd 4725 Krupp 55 1921 the best of the | Busteidort 45 pre-war Prankfort a-M 4s pre-war 100 Minich 4s' pre-war 100 (Quoted In doliars per share | A EG (Ger Ge Elec) “2.00 AE G (Ger Ge Biee) pfd B0 900 Commerz and Privat Ban % s the ToWEE { Atchisca(10)... 1881, 190 n S 5 ulf & WI.. 49w 495 D loans | At Gulf pf(3).. 64' Atl Refining (4). 1637 AtlasPowder(4) 80 AusCred(4.48). 604 Auto Sales. . 8 8 Autostrap A(G). 4% 484 Balto& O(6)... 105% 107 Bang & Ar(3%3). T2 T4% Barker Bros(2). Barnsdall A. ... Bayuk 15t pf(7) Beacon Oil..... increase in bank loans | very largely confined to | Such is not the case. he outside loans being nearly dou- | in Wall Street on a recent | eserve bank head says that | ansion of loans cannot 16 15 43 46 34 14 119 147 1494 123% 124 81 tion sedately ! forenoon ! movement There was no abatement of the in- terest in the motor stocks. Chrysler reacted. but not more than was natural |in view of the excited speculation in | Commerz an 3500 | this stock of late. General Motors, on | bisconto Geilschaft 2 | the other hand, moved up briskly, still | g::l’flnr:err Ié::zrh |against an overextended short interest. . | Packard followed closely along, to the | Dasmcisedter Bark accompaniment of report® of increased | earnings and plans for expansion of Std Milling(5).. its interest in the airplane field. After- StdOCal2lz).. B B ward Hupp and Hudson swung into line. RN L S Rails Are Active. Std Plate Glass. of new StdSanProt1.68) trade Stanley Co..... the street one Stewart-War(6) confirmed. but they Strom Car(2 the speculative fi udebaker (5). The rails were more active today than | Submarine Boat. at any time recently. Of the lower Sun Oil(n1) priced sto Kansas City Southern | iperior Of was first respond, running up 3 Symington C1 A. points at 51. Missouri Pacific rlrr\mmnn imdEi and preferred went higher. and at one | Suh Cupa L) time ‘or ofher Peoria & Eastern, New | Ta8 GUIEBAIl Haven, Wabash. Ontario & Western | Texas & Pac(5). and Missouri, Kansas & Texas were T P Ga ol strong. St. Louis Southwestern started Fye it bl up again, and buying came into Rock The Fair(3.40) Island, New York Central and Southern Third A\enue.: Pacific. St Louis-San Francisco went T ewater OIS0 along with Rock Island dewater AsOll Tide W Oil pf(3) Timken(15). ... obac Prod(m). Tobac Prod A(7) ‘Transcont Oil. .. Transue & W (1) Trico Prod(2s) Twin City pf(7) Udwd EI #(4).. Un Bag&Paper Union Carb(6) Un 01l Cal(2) Union Pac(10). Un Pacific pf(4) Utd Biscait 1.60. UtdCgrst(Cue) Utd Fruit(rs i) U S Distributing U S Hoftman4). U S Alcohol(5).. USIndAlco pf (g U'S Leather..., US Leather A. US Really(4).. U S Rubber. ..., i : U S Kub 1st pf. y \ 61 U S Smelt (3%). ta 461y 47 U S Steel(7). [EERN R T U S Steel pf(7). 140 1400 U S Tobaceo(d) . B8 N8 Uni Leat Tob(3) W0 70 Uni Pic 1st pf (8) 9615 9 Univ Pipe & Rad 195 Utah Copper(6). 165 Ul P&L Ace2). S8 Vanadium(i4) Vick Chem(4), . Vicior Talky(4) Vietor pr pf(7). Va-Caro Chem. . ar Ch pf(3) Va-Car Ch pf(7) Va Iron Coal&C, Va Ir C&C pf(5) Vulcan Detin Wabash. .. Waldorf (1% Walworth(1.2 Ward CLA(B). .. Ward Buking B, Warner Plo A. Warner-Qui2) Warren Bros(4) 160 W Penn Kl pf(6) 1004 West P o pf(7) 1161 | West Dalrya (1) | West Dairy B... | West Maryland. Wext Md 2d pf.. i West Pacifie pf. J West Union(¥), 14d'y 144y Westhse A B(2) 41 db Westinghse(4). 95% Weston Electric White lagle(2) White Motors(1 White Rock (). White Sew Mach Willys-Ov( Wilson & Co. Wilson Co pf Wilson & Co pf, Woolworth(h).. Worthn Pumyp. . 166 80, 60t 80 601a 8 5 440 44n 2 1063 | » 0 6078 i TREASURY CERTIFIEATES. (Reported by J & W Seligman & Co) | Rate—Maturity 3iys Dec. 15. 1928 Dec. 15. 1928 Mar. 1929 Mar. 9 Mar Sept. THE W. D. CAMPBELL COMPANY 9915 991, 4Ty 481 | in_interest and discount rates. | That is not an artificial situation by any means is another assertion by Gov. | B It is the natural result of acts| which have preceded it and led up to | Belding-Hemwy it. he declares. His letter also discusses Best& Co(3)... the result of the diminished gold sup-‘ Bethlehem Steel ply on the present situation. Blumenthal pf.. i Booth Fisheries. Sugzests Place for Convention. Borden Milk(6) . ‘Clarence F. Norment, chariman o 24% 106 16% 3% 2414 106 161 13% 0% 106 167% 13% 7l 13% 71 101 Hevden Chem Mercur Bank Vienna North German_Llovd 5 Austrian A E G (Gen Elec) .. . 573 100 112 100 |1 100 834 alignments In the were heard all over of them could be all added fuel to! Boston & Maine. the board of directors of the National | Botany Mills(A) Bank of Washingion, recently home | Brigss MfgFCo. x weeks' vacation at the | Brockwy Mot(4) -Vanderbilt, at Ol Point | Brockway pf(7) Va., suggests that the new | Bklyn-Man(4).. would be an ideal place fop: the ; Bkivn-Manpf(6) nvention of the District Bank- | Brunswick B(3) 1 ot 2 | Brunswick Ter. While he was there a wnwmmflks“finu!”? ¥ having 700 delegates met there and | jue¥Eus evotii) bad ample room. An upper ballroom | guff Roch&P(4) was used for the business sessions and | jun & EbAd Lo B0 A8 the lower ballroom as & dining room | BUrDs BrosAts) 1107 1195 for the exclusive use of the delegates | guiteRrosPeuT) 105 106 and their friends | Bush Ter de(1). 106% 107 - Mr. Norment adds that from & his-| guSi Ter pecr). 1194 119% toric standpoint the place could hardly | puyie & Sup(2). = 8 be surpassed. Fortress Monroe, Hamp- | gy terick Co. ton Roads, Yorktown and Jamestown | Byer & Co add special interest. The banker feels | gy_prod(; sure the convention committee could | mal satisfactory arrangements with | . l‘lf Packg(4). the management and insists that the | Ca:f Petml).. fact he is president of the Norfolk & |Ualiahan Zinc.. Washington Steamboat Co. has noth- Calumeifidr(6). ng i s 1t 5] ) . ¥ Xi’;"’n do with his enthusiasm for Old CanDryGAle(3) Prices of commodities during the | Sa7 Famfic(10:. week ended August 11 showed a decline | Cant Alioo oy 0 of cne-Aifth of 1 per cent, according | Genrury it Al to the wholesale price index compiled | conyury i pr(7) by the National Fertilizer Association | Cerrode pasis) lere. This is the fifth successive Week | Coriain Teed £) of decline, the total decline for the Ve | Corin-tees pr o weeks 2 ing to 14 per cent. The | p o et br] shown in the index were | Cpanaicr CI% - n and foods. Advances | ) Ches & Ohio(10 ed in butter, metals and petro- | g o (,'l,rx):h'l)? : Chi & Alton. . Bankers' Bulletin Out Today. Chi& Alton pf.. The July-August number of the Dis- | Chi Great West, trict Bankers Association Builetin came | Chi Gt West pt. out The publication contains | ChiMil& St P., the f the officers elected at the | Ch! Mil & StPpf 4 jon and the recently | Sh: & Nwnt4).. 80l standing _committees by | SN} Kl&Pact6). 1174 Fleming. Other matters of |C.J L& P pf(6). 10115 10 Benkers are also | i3 YeiCabky; B0 o e Chickasha (3).. 50% Childs(2.40). 47 O; 1< 43 6% Stories | motor car Real Estate Loans on improved properts Prevailing in- terest rates and commissions. = Prompt replies to applications. Good ser Refinancing done. THOS. E. JARRELL CO. Realtors 721 10th Street NNW. Main 766 13 1 36% 364 S1% 614 Kels Hayes(2).. Kelvinator Corp | Kennecott (6) Kinney pf(8)... Kolster Radio. | Kraft(g11g) Kresge(71.60) Kresge Dept S Kress (S H)(1). Kroger Gro(el). Laclede Gas(10) Lago Uil Lambert Co (16) LehighVal(3%) Lehn & Fink(3). Life Sav(1.60).. Lig & Myrs B 15 Lig Carb(3.60).. 901 441; 427y 01 454 AST year Nova Pictoris, a star, was ob- served to split apart and become two stars. Although this astral phenomenon was scen only last year, and although light travels at 186,000 miles a second, astronomers estimate that it occurred about 500 years ago. The intere vening time was spent in light traveling from Nova Pictoris to the E: 2 22% o 103% 104 o 110 112% s 119 1047 104 134 1 9% 15 9678 101 5074 281y 87w 1 51% 100 101 51 2849 873 of 1 Per Cent That's the loss on Real Estate Mortgages total- ing $1,100,000,000, ac- cording to a recent na- tional survey. Figures | like those clearly prove First Mortgage Notes to be among the safest of all investments for sur- plus funds. We special- ize on Eirst Mortgage Notes on owner - occu- pied homes in nearby Maryland. Principal and interest are uncon- ditionally guaranteed. Full information by telephone or mail. 55 arkets at a Glance ' 10% Ay 541y |M By way of analogy, if you were to spend your days watching ticker tape on the fluct ating issues you are interested in, you might stand a fair chance to pit your judgment against that of the market. But meri who have other business to attend to are, to all practical purposes, no closer to the situation than the astronomers are to Nova Pictoris. Bes fore light reaches them, disaster has overtaken them. i 39 102 681y Loose-W (1.60). Loose-W 15t(7). Lorillard Co. . Louisiana O1 LouisGasA (1 Louis & Nash (7) Ludlum St { McCrory B(2) Mclntyre P(1).. McKeespt Tin Pl | Mack Truck(6). Macy (R H) (¢ Mad Sq Gar (2), Magma Cop(3).. Mallison & Co. Mandel(213) Man El Sup(5).. Man Elev gtd(7) Man El m2g(d5) Man Shirt(2)... Mariand Oil. Mar-Rock 12 Martin-Parry. Mathieson(§). Mathieson pf(7) May Dept S(4).. Maytag(i3) Maytag 1st pf(6) Mengel Co. N| strong points trading more active mixed; Japanese ven drop 32 points to new 1928 low. Cotton higher. unfavor- | | able crop advices. Sugar easv: Cuban | hedge se Coffee higher; steadier | | W YORK, August 16 (¥ American Smelting rises 7 to record high. Bonds firmer Foreign exchanges Stoc! 23 9 102 70 36! 161 51 5 142 58la 107 a6ty 107 214 Brazilian markets. CHICAGO LIVE STOCK MARKET CHICAGO. August 16 (® (United States Department of Agriculture) Hogs—Recey 16.000 head; market opened mostly 10 to 20 higher," later trade slow, mostly steady. packing sows at advance top, 13.00 paid for two loads of choice 190 to 210 pounds. This 15 the highest price paig for hogs since October, 1926. Butchérs, medium to choice, 250 to 330 pounds, 11.85a12.60, ! 30 pounds, 12.00a13.00; 160 to pounds, 11.75a13.00; 130 to 160 1 1280. Packing sows, medium to choice, 10.75a12.25 head; calv steers’ and on shipping 00a16.65 inbetween tocks and bulls mostly rong to 50 higher. ers, good and pounds, 14 pounds, 14 i B If your investments are made in the First Mort- gages through Swartzell, Rheem & Hensey Come pany, there is no worry over fluctuations, and vou receive a steady return, year in and year ou, which comes to you on the day you expect it, Isn't this peace of mind worth something to you? 120% 120 5% 46 6l 62 42 87 48 46 117 120 101% 101% 30 30 0% 51 47 47 43% 43 94 95 74 5 160% 161 60 60 109% 110 114 114% | 87 appeinted 51 475 44 50a11.75. 90 to 130 pounds. Cattle-—7,000 ch scarce; strong bu! 16 slow ¥ ady Swartzell, Rheem &Hensey Co,, Mortgage Barkers T2T151h. Street, X W, Waskinglon.DC. rge t and cashier of as chairman of and Frederick | 500 vearlings account grades e prese hrysler(3).... eit-Peabts), T4 a-Cola(6)... 160 | ollins & Aikmn 5 > &lron, 60 61 Col & So n(3) 109% 116 CC8 | Col Gas & KL 6) 115% 116 . & I 4 Oth Notes ‘ol Carbon(4).. 87% kil ersonal an er Notes. ComInvTr(3.60) 74 74 . ce President John M.|Com Solvents(8) 151% 156 4‘,‘.‘,’,‘,’,‘5‘1?3?21&" Bank of Commerce & | Com Powr(13).. 177 78% % | MSLPESSM I (4) e last of the week | Congoleum-Nair 23% 233 231 Mo Kan & Tex. | three-week vacation. which he | CongCgrs(14%) 7l% Mo K&Tex pf(7) spend in North Carolina. He will Consol Cgrst7). 21+ Missour! Pacific motor and pass most of the time | Con Film pfz). 23% 1 4| Missouri Pac pf. Consol Gas(5).. 1464 1477 146/, 147.x | MohawkMillsin ConsoiGaspf(h) 89% 003, Mont Power . ConRRCuba pf6 74 4 Montgmry W (jb Consol Textile.. 2~ 2% Moon Motor. ... Container A 1.20 Mother Lo(30e). Coutainer B §oc. Motor Prod (2). Cont Baking A.. Motor Whi “ont Baking B. . 4% | Mullins MIg. ... ont Bak pf(8). 78% | Munsingwr(3).. it Can(d). Murray Corp. dend of | Cont Insur(6).. 4 i declared on | Cont Mont (80c) S Matrel i) Telephon ee ; 59 Years Without Loss to An Investor vealers, cla 1.300 1.100 Middie State Mid States ctfs. Midland pf(i12) Miller Rubber ta 1,500 16.60 to 1,300 16.75; 950 to 1,100 pounds, 14.50a16.90; | common and_medium, 850 pounds up, 9.00a14.50. Fed yearlings, good and choice, 750 to 950 pounds, 14.30a16.85 | Heifers, good and choice 850 pounds down, 14.10a16 common and me- | dium, 850a1435. Cows, good and | choice, 950a13.00; common and me- | dium, 9.50: low cutter and cutter, | Bulls, * good and choice | 9.75a11.00; cutter to medium, | 5. Vealers (milk-fed), good and | 16.50a18 50, medium, 13.50a | cull and -common, 8.00a13.50. and fecder steers, good and all weights), 11.75a13.75; com- | nd medium, 9.50a11.75 | Receipts, 17,000; fat lambs, ly to 15¢ lower; most natives show- ing little change: quality range lambs improved; yearlings slow aged sheep | | steady; light and handy weight feeding +{lambs “firm at Wednesday's advance. | | Some slowness on medium to good of teri Lambs, good and choice (9 pounds down), 14.00a15.15; medium, | 12.00a14 00, cull and common, 8.25a 1200, Ewes, medium to choice (150 pounds down), 4.50a7.50; cull and com- | mon, 1.75a5 50, Feeder lambs, good and | choice, 13.65214.25 che 497 [ e 214 1% 91 1% B RLN director in the t Co, will at- conven- Assoc! Tonight enth annual e American Dental nneapolis on A 20 to 24. goes as a delegate, is chair- one of the standing committees member of | 160 160 1015 100% 116ty 1150 160 1015 1162 | Stock: choice mon been As the Cfeature of Tonight’s HALSEY-STUART Radio Program MR. SILAS H. STRAWN Retiring President, 86 T B | 1650 K4 1 1% | Corn Froti | Coty Ineigi) | Crucibie $u (). 7 Cuba Cane Su pf 1% Cuba Compin 24 | Cubia g2 Jeca 80y, w9 i | Nt Distitiern. . ZBORS A B(1). : 18U 18% | Nat Distillers pf udany Pkg(4). 73 7% 73 ) Nat Bnamel & 8 tiss Aero(1). 104 1 104 l“"?A\Kll'ah&L“lP Cutir-H o4%% 55% | Nat Supply(16). Nat Surety(10). Nat Teatd). . 124% Nevada C(1%)., Del & HuA) .. 130 N Y Central(d). L& W), 2 32 ¥ Cent (1t8).. | Wright Aero(z). 164 1670 143 1854 jond M(19). 1534 1 534 153 ¥ C& StL(6). Wrigley(16%).. 60 69 69 69 | odge Bros A Y C StL pf(6) 5™ | Yellow 1 32 a2 8 on |} | Dodge Eros pf 7 Y & Harlm(h) 13 AU Ry B8 ARV N S50 | Dome Mines(1). Y NH&H(1) oungstn 8h(5). 8Hk 89 Drug Inccd) o ¥ NHAH pt(1 Hourly Sales on N. ¥. Ma Dui S 6 & Atian, N Y Onta Westn 11w, 0 oon 1 ont(114.60) NorAm b10% b L. 1942600 ban. Lu Pont deb(6) orth Am pf(d) Dividend rutes us given In the above (b NorAm kd pt7) are the annunl cash payments based on lutest quarterly ‘or hall-vearls declrations * Unit of trading less than 100 shares, t Partly extra, 1t Plux 4% in stock. $3 i preferred stock Y Plus | & Fald this ver b Paye Able I slock stock d P able ‘Whiy arned e I cush stock 1 Plus 10% . _g Pl ock 1 pl Thare aunrterly in in slock b Partly atock. k Plus 17130 10 whare auaitetly in ommon stock, b Pl a4ty 1 “ (Nt 45 tCash R A(3) At Dairy (3 Nat Dept 185 » 105 40 Wil STORM DAMAGE REPORT. BALTIMORE, August 16 (Special).— R. Powell, jr, president of the Sea- board Alr Line Ratlway Co, who s in lorida making a tour of inspection of | the orm area, has advised the Balti- more that while the road has suf- fered minor damages from high water and some interruptions to train guest speaker more than 000 s He also says that the damage to citrus , . A Lawyer's Views on Sound Irvestment American Bar Association FIIN 8Y et 11,000 exident Pelfield irer 114 141 114 154 183 1830 4% VRN LIPS UUY Eastman(18)... ' Faton Axie(Z).. $480,000 | wlohr pf(7), board declared | Llec Auto L(4). &l onty Glectric Boat,., 4 ecPowsLi(1) 24 P&LL BT 10 emer bon v Plus #o' | 101 Well Supply. 01l Well 8 pf. Omnibus fruits and growing crops is not nearly 0 heavy In the territory served by the Seaboard as reported, 24 e 1 : Btor Eat(s) OppmcCotii o8 $500 000 [ s Brantem(A) Orphenn pris). By | Hock ayanle | ght by th " | kind-John(h). ¢ 7% 1 evill)... 2 2 M 1% in ook, eers Pub 8 | Otin Steel., > PARIS BOURSE PRICES. 97 { Otls 8t pr pf(7) Owens Bot(cid) Pac Coast 1st PARIS, August 16 (). —Price PaoifNG Gasis) .. firm on the bourse today 57% | pacific Light (3) cent rentes, 68 francs 50 rie 24 Df..,,00 DAY DAY DA B4 1) Bibe. s » Five per cent loan, 93 franc Fureka V(1%), 66 67% 6b 67 | e 1(T), 149 151 | times. Exchange on London, 124 francs #1 &1 127 centimes. The dollar was quoted at 44 dlw 35 francs 61 centimes, i POTATO MARKET WEAKER. CHICAGO, August 16 () —(United States Department of Agriculture)—Po- tatoes - Recelpts, 143 cars, on track 214, total United States shipments, 632 cars; supplies moderate; demand, slow, mar- kel slightly weaker, Kansas and Mis- sourl sacked Irish cobblers, U 8. No. 1, generally slightly dirty, 70a80, mostly T5480; Virginla, barrl. Irish cobblers, —————————— . i sitableTr(12) 490 190 1 eRR.. L b3 I8ty bT4% ing Coal Railroad. August 16 i Railroad, contr k Central, earned § tock in tF 1 35 & share first half of 1927, Net income de- slned w $7864,176 from $837,209, 91 18 16 A% % 1 Maho! YORK e 9 P.M.—W-R-C | ntime 8% 7% 1% 151 #3 “wi Fed Light pf(8) 1034 103% 1034 103% | Packard Mo(14) Fidelity-Phoengg 0% 80% 19 704 Pan Am Petolr