Evening Star Newspaper, August 18, 1928, Page 20

0. . BUSINESS GAIN | Atr Reduetn(®). | Aivany Papre) | Allted Chem Ameradac?) Clearing House Figures Are Slightly Higher Than Year Ago. 190 120 0 " AdA 104 an (158 et Suzar. Am Br Shiil §0) Am Brown Rov [ Am Brown Bo pf Am Cant) ... .. AMCar&Fav8) Am Drug(§c).. Am & For | Am& For Pr Am&ForP pf Homa I’ Am deair2ia) Am Internatic? Am Linseed Am Locomot () Am Metais(3 Am Piano p Am P& L) Am Radiator(5) FDWARD €. STONT Washi BY E the n dur- HW M & B WW ISt pfe8) Wr P& plefs A 4) show Advocates Curtailing of Credit. arnsdall Heacon Otl..... nz-Hemwy & Co lenem Steel Because of his ws of the Chi- ed pertinent American avs ht money Booth Fisheries Brizgs MfgFCo. Brockwy Mot(4) BKlyn-Mant4).. swick B(3) inswick Ter. been using recentiy ing at more than | Burrow e last two and | Butie & Federal Re- | Butieric have up(2). e Co Callaban Zinc Calu & Hecla CanDryGAale(3) Can Pacifict 10, Cent Alioy(2) Cerro de Pasi3) riain-Teed (4) handler-Ci pf. hes & Ohlo(10) 183 &0 Corpn(3). hi & Alton. . 101 “hi & Alton pf.. 16 & East 1., sast 1 pf Chi Great West. Gt West pf. hi Mil & SUP.. hi Mil & StP pf e last ved st $500,000,000 in 14 Nation has baen mistaking the hness of selling and bond : 5.000.000.- ! must be paid. A da; There is plen- ess on sane lines, must be curtailed.” r bu A Geerease of $50,654.000 in brokers' e member banks of the system in New York, a n call money 1o 41, per cent her reduction of $38.151.000 in ounts in the system ss & whole Sh: & Bwacd).. were ihe particular financial develop- | ') [F&Pac ) This weok's decline in volume of dis- | CTaShE ).« Jowed a §24.481000 decrease | SIS AT $ the previous week. The reduction in | Cpiie (012 4)- member bank borrowing at New York | ClSISLtI0: w0 ot eru,ar large., amounting to | Clgott- fakbih); S Hiefiocting operations in Washington | Co¢a-Colai®) - e12a. rediscounts at the Pederal Reserve | ot G S0 Boank of Rihmond totaled 553.443.000, | o) £ AR Ted vith §54.136.000 a week Pre- | G0 Gy Eilvg) Th ! rve TAto WAS | Com Cred ist 6% nst 54.09 per cent. {CominyTrii.60) | Com Solvents:¥) Com Powr (13).. Cungoleum-Nair 441 a3 R6le vioual 823 Convention Pragram Announced. ARt 162% K0t rance men are plan- pinz 1o attend the annual convention of the National 1ife Underwriters Asso- n to be held in Detroit from Sep- 10 to 14, the program now being Many local i CongCErsie's) Consol Cgrsi?). Con Film pfiz). “0nsol Gasts). . spfi5) ba pf 6 onxol Textile ontainer A 1.20 Container B 6c. Zont Haking A.. ‘ont Baking B Cont Bak pl(3). Cont Cani5). Cont Insurt6 Sont Mont (8he) Corn Procidig). Crucibie St (3). 731 . be six sessions and the make their headquarters +ha Boo-Cadallac Hotel. The national usiees are (o hold an important meet- ing on Monday and the executive com- mittee on Tu y. 29% morning. September | n §. Myrick will de- and_tributes be » Orville Thorp by J of Denver and to Woods by Dr. John n of New York + afternoon the following “The Theme R0 e Vanie o Lifs | Surtiss Aerat1) n ing Poticyholder.” | ner of Philadelphia. dean | Davison ¢ an College of Life Under- | eeruac plane of Today and | Deia Hud(s)... Our Economical | el L& W(i7).. it MV | Dodge Bros A Rabbi | Dodge Bros pf 1 Drug inci4) minent spe will be Duponteii3.s0) Teday and Priday. Judge | Du Pont deb(§). chairman of the A. B ) trust committee. will be | Ernest J. Clark of Balti-| - on the list. Bruce Barton ' e Convention stman pf ton Axiec?). . 4o Lid), e Boat. waltcl) e &L pcT) Stor Batth) K Horn pt.... Em Brantzm(A) Enginvers Pub S United | Krie of this | Krie 18t pf. .. 4,692 Kureka V(ila). s N1 (h1.40) of upper | Fed LIZht p(6) P Kidetity-Phoenx First Nat$(1%) Fizk itubber. . Fisk 15t pf(7) mann3) toyes & | Foundation Co.. o ey | FOX Film A(4)., A mv;‘:fl Nel Freeport (16%). b Gabriel 8nub A, Gardner Motor. Am Tnki4) Gen Asphait Gen Cigarsi4).. Gen Klee(1h) ec wp(6ic) 0 GaxAiol ) Gen Motorsci%) drAdiz) Ry 81g15).. Gen Jiefracis) Gillette Raz(s) Gimbl Br pf(7). Glidden Co Gitdden pr pf(7) Gold Dust(3), Goodrieh(4). ... Goodyear Tire. . Goodyr istpf(7) Gotham(12%) 108 R0 14 k. aned in Financial District 5 is expected back at! now he- fram his me next week FedlL 103% a0 and Lo 61 Ti% ® s w4 ? the during the was greater than week or the cor- of Commerce ¢ according . education 341y 81, % 101 9815 101 e senjor high ing much WEAK Inited ham-Paige. . Granby Ming4) § Brores(l) Union npf (3) rih pfih) 94 ca od Biate demand Kansas Cobblers, 1. & o gener dirty. 60a70 gnostly 65 ok pment trad- and Wn Sug 2 80 renne Cana4) £ Mo & IM&EN CLEARINGS & 81 NEW YORK BANK ORK. A rk bank cle bank Federa ng balances, Reserve NEY pecial) 142,000,600 shey Corp $97,000,009. | Houston 031 ... balances, | Hud Man(2%) Hudson Mot (5). Hupp Mot (£2).. New 89,000, Grocery Stores Bought. J Gampiini s A Kroger | indian Refg eifa acquired fhe | intand S(k16%) Madison. Wiz, | inapiration Cop ) stores, for ap- ! InterbnroRapTr InterconRubber NEW YORY 18 10 10 261y Mengzel Co | Miller Ru o 9hty | % S 9n | ftep L & S(4) 364 | Reynolds Spng { Internat Agri | nt Bus Mats {Int Com kinz () [ Int Harvie). .. | Int Mteh pf 3.20 {Int Mer Marine. Int Mer Mar pf. | Int Niekelc2). .. Int Paper(240). It Pap cfsc2 a0 {1 Pap pfersct) {int Ry Cent Am. Int Ry CA pf(3) LInt el & Telc6) Liewel Teact) Tohns-Many ( Tones Tea. . Jordan Motor Kan City South. Kayser.1(3). | Keith-Albes ly-Sprinz < Hayes(: Kelvinator Corp R e Dapt .. | Kroger Grotel) { Lambert Co (16) | ire & Rub Valtily) Fink(3). Afa Savel g0 & Myrs R b L0058 W (1.60) Loose-W st .oviilard Co. . Lonisiana O LOuISGAsA (1 | Ludlum Stiez) .. McAndrews 60 | Mack Truck(8). 1 Mad Sq Gar ( Man Sh Murtand 01l Matnieson(6) May Dept S(4).. Maytagt7i). Maytax 1St pf(8) ami Cop Mich Cent20)o1 1 Mid-Continent. . itddle State Midland pterl ber. Minn Min Mo Kan & Tex.. io K&Tex pf(7) Missour) Pac pt. | MohawkMillsine Montgmry W(d Moon Motor Mother Lot3oc) Motion Pie Corp Motor Prod (2). Motor Whic2 Mullins Mfg Murray Corp. Nash & Chut(7). | Nusn Motesti6) Nal Acime (sta). Nat Beliax Hess Nat Cash R A(3) Nal Dairy(3)... Nat Disullers. . Nut Enamel & S tLeadid). ... | Nat Pow&Lt(1) Nat Radiator. .. Nevada Ctl iz NO Tex & M(7) | N ¥ Centran$). IN Y Cent t1ts).. IN Y C&SUab). NYNH&H() | N Y NH&H ol 7 | N ¥ Ont&Westn | NorAm b10% st} | North Pac (»).. Nor Pacefs(3). | Otia Steel... | Pacitic ¢ | bacine | Pac LIl Stubs. .. !Packara Mo(14) | Pan Amer Pet B fParmt-Fmos) .. Park & Til (13). rark Utah(80c). | Pathe la.... Pathe Kx(A). . | Patine M(2.82). Peeriess Motor. | Penick & Ford. . { enn Dix Cm2) | venn R K (3%3). { Phila Co pf( {Phita Copt (3). | Phil Morriscl). Phillips-fon(i). PhilipsPetiits) Plerca-Arrow. .. | Prerce-Arrow pf Prerce O1L Pliisbury (1.60) PILis&WVaih). . PortoR ‘ortoRicoTobR . Postum (3) | Prophylact Pub Serv NJ () Puliman Cot4). Pure 01l (a0e) .. Pure O1l pte8) .. urity Bak(3).. adio Corp. eading Ry (4). aal Silk Hos eal SUK pf7). Kemingin-Rand Reo Mot(71.20). | ReynldsTobB(3) Richfield O1l2). Rossia Ins(a). . toyal fos Lead(13) Stl & Sank(18) L&SK 20 pd (8) | Shattuek KG( { Shell Un(1.40).. | simmons Co(3). ! Sinelair Ol wuth Dairies B ih Pacth) [ South Ry pfh). SouRyM&Oers 4 Chatfnt. ., " Mfx a6 &K Std Milting (h) S1a 0 Cal2) SWONNI(11% ) SAOINY (1.60), ISt Plate Glass | Sta8ankro1.68) Rtanidy Co. ... ewart-War (6) Siudebaker(6).. Sun Oitini) Superior Oil L relaniogzh ko). | Tenn Cappercl) Taxax Corpntd) exan Gulf Bul(e Texan & P Tex Pac ClC Spans Thatcher MIg. Tidewster 011 K0 | Tidawater AsOl Tide W Ol pf(5) Tnken(vb). ... ‘obac Prod(m) Tobac Prod A(7) “Transcont Oil. . Trieo Prod(2%) Twin City R(4). Unton Carb(8).. Union Pae(10) Utd Biseult 1,60 Ui Riseutt pfo U1ACRYS1CR00) U 8 Distributing Onen 15 124 A0ty 38 1014, [N RO 100 461y |0 1740 124 1 1081y 19 m J06% PN 24 i 13 9l 600 1 291 Ity 13% 50 ax A9l 42 1688, 194%, 161y 121 231y 17 Rizh 15 1081 19 101 B0 22 H00 291, i 215 18% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. TLow. Close. 15 124 1010 PN ROW 100 161y &0 124 1280 0o 108 X0 1600 A9ty 42 1A% 195 [t 4 1624 1 15 260, 1600 1931, 16y 17 ) 1 1 1 i 4% T4 a4 76 a6 150 R ki Bty | 42 A FUIN 63 15% 2008 15 0 a2z 10 26ia sl 6y s 2% 2 % By 36 1834, | 931y 7% 21 2y 17 ;*| SHORT.TERM SECURITIES. Qnen | | Aty 11315 LN l v 8 Hotmanco). U S Alcohol(5).. ather. US Leather A.. 6l 1S Rubher. . 317 Kub 18t pf.. 61 82 | Smelt (313). 48 5 cel(7) 17 U S Steal pf(7). 140% Univ Pipe & Rad 19 Ut P&L Acel). Vanadinm(i4). . Vietor Tathe4) | Va-Car Ch pf(3) | Vivaudon Co. ... | Vivaudon pfii) 8 S | wabash........ Waldorf(11g).. | Ward ciac) Ward Bakinz B, Warner P'ic A W Penn Kl A West Dt vA(4) West Maryland. | West Md 2d pf.. | West Pacitic | Westhse A B(2) Westinghse(4). Weston 2 | White 2 Y 2 ! White Motoracl 3 v B6Y | | White Sew Mach S 3 | Willys-Ov(1.20) . Wilson Copf A, 29 w | Wilson & Co pf. ; | Woolworthis) A IR | Worthn Pump. ) 3 Wright Aero 15 YalekTwna( yellow Trick. . Youngstn Sh5 6R14 . 90% Dividend cales as ziven In the above Ladie | are the aunuai cash payments based on (he | Iatest auarterty or half-vearly deciarations *Unit of trading 'ess than 100 shares | t Pactly extra -t Plus 4% in stock & Plus | oreferred stock % Plus 1/25 10 stock wid this vear—no teguiar rate b Pay | able in stock ¢ Plus 8% tn stock d Pav. anie when earped e Pavable in_cash or Stock ( Plus 10% 10 stock. & Plus 60 n siock. h Partly stock ' Plus 2o in | stock. k Plus 1/120 share guarterls in | stock m Payabie 1/10 share auarterly in United Cigar Stores common stock. n Plus | | 1la® in stoek LINDBERGH RUMORS | ARE PUT TO REST Reports of Flyer's Death Sweep Country—Papers Deluged | With Queries. By the Associated Press NEW YORK, August 18-—Although { more than a year has passed since Col.| | Charles A. Lindbergh gained world-wice | | fame by his flight to Paris, he continues | today to be possibly the biggest single | figure in new: This was vividly demonstrated fo newspapers throughout the country the |Iast few days when successive rumors !swept the country that he had been | killed or had met with serious injury. Newspaper offices from the Pacific to [ the Atlantic Coast and in Cuba were deluged with telephone calls from per- sons seeking confirmation of the reports. Col. Lindbergh, meanwhile, was in San | Francisco on business and yesterdav, { when the rumors were at their height had not even left the ground The Star received its share of the | deluge of telephone calls for informa- | !tion concerning Col. Lindbergh's ru- mored death or infury, and its night staff was kept busy for a considerabl: period denying that any reliable news bulletins had reported the tragedy. The flood of calls to this office was in- | ereased when a radio broadcast denial {of the rumors from station WRC was | misinterpreted as a_verification of the | | rumors concerning the fiying colonel. | 'PLANNED T0 ROB BANK 'AND ESCAPE BY PLANE Soldier, Held on Another Charge, Confesses Scheme to Flee i Into Mexico. i By the Associated Press ! SAN ANTONITO, Tex.. August 18.--A | plot to hold up the Fort Sam Houston | Bank, steal an Army airplane and escape info Mexico was confessed here vesterday by Pvt. Robert Carl Ellis of { Rockwell Field, Calif. The soldier's plans for the daring coup went awry witn his arrest on a | | charge of robbing a grocery store in California. | Ellis was taken into custody when he stepped from an Army plane at| | Dodd Field. He flew here as a- passen- ger with Lieut. J. A. Mollison of the! 12d Division, He told arresting officers he planned ‘after holding up the bank te steal a military plane at Dndd Field and fiy into Mexico. He said he had had enough fiying experience to get a plane off the ground and land it % Army officers said Ellis would be re- turned to Rockwell Field to face the | grocery store robbery charge FREIGHT TRAFFIC GAINS. The volume of freight trafic handled by the class 1 rallroads during the first {six months this year amounted (o 223,- | 845,340,000 net ton miles, the Bureau of Railway Economics announced taday This was a decrease of 10.158,687,000 | net ton miles. or 4.3 per cent. under the | corresponding period in 1927 as well as | a decrease of 3,289,873.000 net ton miles, | lor 1.4 per cent, under the same period in 1926 In the Eastern district there was a decrease of 8.1 per cent for the first six months in 1926, compared with the | same period last year, in the volume | of freight traffic. while the Southern | district_reported a decrease of 8.5 per {cent. The Western district reported an increase of 3.1 per cent. | CHICAGO DAIRY MARKET. | CHICAGO, August 18 (®).-Butter, | lunchanged; receipts, 12,523 tubs, | | Eges unchanged. receipts, . 10,368 | | cases Poultry, alive, steady, receipts, 2 cars prices unchanged : ) | | | Milling Company Profit. | W YORK, August 18 (). -Stand- ard Milling Co. and subsidiaries, with {plants at Minneapolts, Kansas City !Buffalo and other cities, reports net profit available for. dividends for the | sear ending June 3¢ as §1,698.808, com- pared to $772,752 in the preceding year | (Reported by 3 & W, Selikman & Co) | Bid Offer | o of Am. s 1982 100 1000 Redjator 41 1017 91Le 081 & Tl 4s 102 e . 0 10008 1000 | 9A, 987 | 09%, a3l | 02 ey 101 101 o, 97 M, ann Amer. Tel Anwconda Copper e 1030 Ralto. & Ohin 418 1994 ! Pt Gorp, 41as 1042 Tel of Canadn 55 1988 Galifornia Pt Gorn 8'0x 1934 nadian Nxt Ry Go 413 1030 nadian Noi Ry 40+ 1938 Ohesapeake & Ohin 475 1030 Oolumbhia Cias & Blec. 51 1982 Qudahy Packing o, Alus 1937 Duauesne Tighting 4'ox 1987 ) [ Edixon F1. 1) of Bost “41ox 1940 s Erie Rws. o 15 1030 31 | Gen. Mol Accen Oorp 8 1047 3 Gen. Prirglsum Corp. s 1940 Goodyenr 1. & R 8n 1087 Grand_Trank’ of Can 63 1936 Gulf Oil of Pa. b3 1947 ble OIl 814s 1032 Southern Ol of New Jersey 8s 1046 Lo, Ir Mt & 8o Ry, 48 1020 Buifi & On be 1032 Unign ‘o1 €0 of Calif ‘58 1933 U8 mmelting 5120 1888 Westarn Flar €6 s 1944 Westinghouse I &4 Mt 3: 1048 Whealing Steel Cerp 8lss 1348 | e mery | $37.860,000 against | Salea AUGUST 18, FINANCIAL STOCK LIST STRON AT BREF SESSION 'Week End Finds Market Re- taining Confident Tone. i Motors Are Exception. i | RY GEORGFE T. HUGHES. Special Dispateh tn The Star NEW YORK, August 18.—Except for the motors, today’s stock market was a strong affair. Buying went on confi- dently in the rails, both the low-priced | and seasoned dividend payers. and some | of them made sharp gains. Twa popu- | lar industrials, Allied Chemical and | American Can, sold at the highest prices in their history, and one utility, Co-, lumbia Gas, did the same. i The anxiety that was in evidence | at the close on Friday, aroused by | the advance in call money to 7 per cent, | disappeared completely. The street in- | terpreted favorably the interview with | President Mitchell of the National City Bank expressing the opinion that money rates would not be allowed to go so high as to interfere with buziness. The market opened higher and held most of the gain up (o the close Strength in Rails, Strength in the rafls was especially encenraging to those committed to the so-called constructive side. It inspired confidence in the market as a whole The features in the lower-priced group were the St. Paul and the Missouri Pacific stocks. Buying in both of these was ageressive in anticipation of a fa- vorable July earnings statement. West- | ern Maryland, Wabash, Missouri-Kan- | | sas-Texas and Guif, Mobile and Northern | moved up. Texas & Pacific. touching 180, | was higher than ever before n the his- tory of the road. Probably this helped | Missouri Pacific. which owns control Canadian Pacific, above 310, was up nearly four points. Chesapeake & Ohio, | Rock Island, St. Louis-San Francisco and Baltimore & Ohio went along more or less Allied Chemical made its new high in the first hour and American Can came | to the front in the second half of the session. The former sold above 188 and the latter above 1003, both in volume. | Columbia’ Gas. above 121, was up over 3 points and the demand seemed as good at the high price as at the start. | U. S. Steel went above 149 to approx- imately the high of the movement. but without any fireworks. Otier strong | industrials included Westinghouse Elec- | tric and Union Carbide & Carbon. | Heaviness in Malors. The heaviness in the motors was | all the more noticeable because of the | strength clsewhere. Losses were not | large, but there was no life to the de- mand. Chrysler, below 93, was down more than five points from its recent | high. General Motors fluctuated un- | certainly around the previous close, bui | most of the lime lower. Packard and | Hudson sagged in sympathy with the leaders The feature at the close was St. Louis & Southwestern, which was rushed up to 98 to a new record high. There | a fiurry of buying in New Haven. In-| ternational Telephone & Telegraph at | 177 was over 4 points. American Lin- | seed was strong toward the end and | Packard did a shade better, but the| Ward_and American Interna- | tional sold off. | Markets at a Glance || NEW YORK, August 18 (). —~Stnfks! strong: Southwestern | demand | Foreign | Cotton Bonds dull: prices easier. exchanges mixed: trading dull declined; week end liquidation. Sugar and coffee. holiday. CHICAGO.—Wheat easy: bearish | anadian reports Corn steady: Nebras- Cattle irregular. C ka damage reports. Hogs lower. Wall Street Briefs | their early D.C. MEAT MARKET GAIN 1S REPORTE Improvement During Last Few Days Noted by Deal- ers—Weekly Review. A decided improvement in the condi- tion of the meat market was reporfe by dealers the past few days. said by them tn be an apparent direct result of high prices and vacationists returning to the city. ‘It usually is the case that high prices bring greater demands for meats especially the best quality,” suggested a wholesaler. “When the meat is cheap he added. “consumers do not register great demands Park Prices Increase. It was reported by dealers t the greatest demand is for meat of the dry- fed fancy vearlings, they never having been turned out on the grass Increased prices of pork and pork produets also were reported the past few days, the butter and egg market con- tinuing firm. Most fruits and vegetables have been cheap. although last week’s | storm played havoe with growing vege- | tables especially tomatoes and lima beans Retailers were out early this morning to get first pick of commodities for week end trade, and whole- salers were able to supply demands at prevailing prices, most prices being the same as those quoted yesterday Today's Wholesale Prices. Butter—One-pound prints, 49!5: b, 47'5a485: store-packed. 28 FEggs—Fresh, selected, 33a34; hennery current receipts, 28a30. Poultry, alive—Turkeys, fowls large 25, small 23; Spring chickens large 3435, medium 32a33, small 30 Leghorns, 27a28; roosters, 16: keats young 75, old 30. Dressed—Turkeys, 30: Spring chickens, large 40a42: me- dium 3840, small 35a36; Leghorns, 35; fowls, large 27a28: small 25: capons. large 44a45, small, 30a35; ducks, 20a25; keats, 1.00a1.10 Meats, fresh killed—Beef, 22a26; veal, 2a25; lamb, 25a28: pork loins. 35a37; fresh hams, 26a27; fresh shoulders, 19a 20; smoked hams, 28a29; smoked shoul- ders, 19a20; lard, 14: bacon, 24 Live stock—Calves, 15':a16; 14al5 corn, tul lambs Effects of Storm. Recovery of the vegetable market from the effects of last week's storm did not come as quickly as dealers had anticipated. It is true that many of the small vegetables, such as bee carrots, squash, peppers and cucum- bers, not so hard hit, have continued to reach the market in fairly large quantities and with but very Httle change in prices, but tomatoes and corn, always in demand in season, did not fare so well 1nt view of reports from the surround- itg country telling of the flattening of s0 much corn, dealers today expressed surprise that receipts were as large as they were. Fairly large quantities of real sugar corn are being received prices depending entirely upon the size and sweetness of the vegetable Splendid quality corn, received in five-dozen sacks, sold as low as 75 cents and as high as §1.25 early in the week, | | other motors were under pressure. Mont- | prices the past two days going as high| as §2. Dealers believe prices will go lower the coming week Numerous grades and varieties of the corn have been offered this week, some being al- most worthless, Very little shipped-in stock is being received, most supplies coming from nearby farms and truck gardens. While tomatoes have been scarce and rails in brisk | higher since the storm, dealers report having received some especially fine specimens of the vegetable. The to- mato crop was especially hard hit by the storm, according to reports. Tomato Prices. In some sections of nearby Marviand and Virginia, according to reports of growers, hundreds of bushels of green tomatoes ware washed from vines, most of them not having been far enough advanced to ripen in the sun. In some instances, it is stated, efforts to save | some of the vegetables were made. while No. 2 foundry pig iron has been ad vanced from $16 o $16.50 a ton by two Buffalo manufacturers. which is ex- pected to be established as the minimum price shortly. Some interests are still taking business at $16 Members of the New York Stock Ex- change are circulating a petition to close the exchange on Saturday, Sep- tember 1, for a three-day recess over Labor day More liheral distribution than the regular quarterly dividend of 50 cents a share on the common swck of See- man Bros., Inc. is anticipated at a_di- rectors’ meeting next Thursday. The company earned $5.24 a share on the common in the year ended June 30, Thatcher Manufacturing Co.. which produces 166,000,000 milk bottles annt ally had net profit of $284.550 for the ! half year, equal, after dividend require- ments on its two classes of preferred stock, to 31 cents a share on the com- mon, against $223,567 in the first half of 1927, or 4 cents a share on the common. New bond offerings this week were slightly larger than the week before, $36,220.000. A year ago the total was $43.564.000 Preliminary estimates of the Pan- American_Petroleum & Transport Co earnings for the first half of 1028 dicate net profit of about $6.000.000 against $10.816.200 in the first hall of 1927, the decline being attributed. to the poor market for fuel ofl, the major part of the company's busin Sinclair Pipe Line Co., jointly owned by Sinclair Consolidated Ofl and Stan- dard Ofl of Indiana, plans to increase | its pipe line delivery capacity into Chicago by 25000 barrels daily at a cost_of $8.000,000. Including additions to the 19 stations between points in | Oklahoma and Chicago. The company | has $9.500.000 cash in its treasury ! | North Carolina The Murray Corporation of America | reports net profit of $843.491 for the | hall vear, equal fter preferred_divi- dends of J. W. Manufacturing Co. to $2.38 a share on the common Profit of $571.041 was reported for the first haif of 1927 General business conditions appear to be round and promising, sald Alvan MacCauley. president of Packard Motor | Car Co., leaving for Europe. He believed | the country's prosperity would continue | for & considerable time. Packard's busi- | ness was excellgnt, he said ! Manhattan Electrical Supply. | NEW YORK, August 18 (. —Man- | hattan Electrical Supply Co.. Ind. and subsidiaries report a profit for the six months ended June 30 of 871809, against $377,550 in the frst hall of last year | ROSTON STOCK MARKET. Soecial Dispateh o The Star BOSTON. August 18 —Following is a | lat of today's highest, lowest and clos- | Ing_prices for the most active stocks dealt in here Low Close 28 Amoskeas ! 1 498 Mingham - Mines | 400 Roston ' Eiev a 138 Calu & Hecln n ‘opper Range 2 1| on Elec 218 Pub Ser ¥ 1350, 1 B4 | W e | 20 318 North Butie 18 PRciRe PNt 50 Quiney 108 Marys fand 71 Stariing Aacir 1 ), [ ntsrrat wil 38 Bwite fo 3 nwer MIs 1 15 Baiten "Hhtoe n . ' in other cases the washed-off tomatoes were fed to hogs Growers not so hard hit reapéd a harvest. Price of tomatoes last week | dropped as low as 50 cents a two-peck basket. the price just a week later going as high as $2. It is probable that the late crop will be all that growers and consumers can reasonably expect | dealers state. and prices probably will drop back to normal Lima beans, although seriously af- fected by the storm, are gradually be- coming more plentiful and cheaper some of the shipped-in stock. possibly | not so good as the home-grown vartety being cheap enough to keep down prices of the latter variety. Early in the week the home-grown beans were in demand at $2.50 a bushel, later the price drop- ping. and the shelled stock. also in demand. became cheaper. While the | output of the nearby growers is not so heavy. it is stafed. the increased price probably means as much in the long run, Only moderate supplies of potatoes were reported the past few days, much of them coming from the Eastern Shore ‘of Maryland and the Eastern Shore of Virginia. There was only a moderate demand for the vegetable. Sales the past few days were made mostly at §2.25 Light receipts of sweet potatoss from this week met a light demand that made the market dull the demand for such potatoes seldom becoming heavy until the Fall and Winter seasons. Yellows, No. 1. this week sold at 85 and $550 a barrel, poarly graded stock bringing 4 and Onions and Lettuce, Iowa and Massachusetts shippers are furnishing socal merchants supplies of onfons, chiefly yellows, that have been selling at $235 and $250 most of the week. Spring onions are too scarce to quote prices, small sales being chiefl; to_consumers More plentiful supplies have been received this week mand has been slow ing to reports, and the market weak Beets, carrots and squash continued plentiful most of the week Displays of fruits throughout the week have been espocially attractive Fancy box stock of grapes, pears plums from California have been more plentiful than usual, aceording to de: ers, and the banana supply has con tinued large enough to affect the mar ket on other fruits Receipts of cantaloupes continued heavy throughout the week. Some of the siock came all the way from Cali- fornia and other States in the West, while Marvland and Virginia growers contributed very heavy shipments Many of the cantaloupes from Mary- land this week came from the Faderal: burg and Salisbury sections. Such sup- ! plies were crated and brought hore in trucks, crossing Chasepeake Bay from iborne to Annapolis. while much of the Virginia stock, unerated, also came in motor trucks. Prices, according to size and condition, covered A wide range Watermelon supplies were reported only moderate the past few days, the fruit meeting & moderate demand and steady market Gicorgia. North Caro lina and South Carolina growers fur- nished most of the melons recetved here. Melons averaging 30 to 35 pounds | were quoted at 50 and 60 cents the past few days, smaller ones selling much | cheaper, some bringing no more than f lettuce The de- however, accord- 20 cents Peach Supplies Liberal. ‘ Liberal supplies of peaches {rom North Carolina, Maryland and Vi ginia continued to reach here all the | week, Bushel bac of praches in 125 high as $1.75 a bushel. Dealers this { morning had some nearby peaches in gplenid condition thet. were oftered at | $1.50. 1" Moderate supplies of apples the past ew davs met only a light demand. | which lowered prices and weakened the | market. Earlier picking of certain va- | rieties of the fruit Postum Co. Expansion, NEW YORK, August 18 (/). — Hutton, chatrman. of the board of the Postum Co.. said on sailing for Europe that he had completed negotiations for the acquisition of another nationaily | known company which does a husine: in nearby sections | 0f about $4,000,000 annually. He sald | was reported, it is believed. because|his concern, which has recently ac- | better prices were cxpected. Prices [ quired the Cheek-Neel Cinffee Co., will this morning ranged from 75 cents to| continue the policy of acquiring other £1.50 a bushel, some nearby fruit. large | COMpANies cize and in spiendid condition, selling | at 81 | Hucklcberries and blackberries. zome from nearby and some from within a' radius of 200 miles, continue in quanti- ties sufficiently large to fill demant! | The former were quoted at $5.50 and $6 |a crate this morning. Elderberries and | wild cherries also are being received from nearby, but in limited quantities Butter prices took another advance | 321 this week, making the market much firmer, while egg prices remained prac- tically stationar Heavy losses in candiing of egas continue, and many consumers are more than willing to pay more than the market. price for choicest | products of the hennery. Dealers this morning quoted a price gf 35 cents for hennery stock, bul many sales at 40 cents are reported to have been made Business at Municipal Fish Market | the past day or two had not fully covered from the effects of the storm a week ago. Most varieties of fish were carce, prices being several cents in advance of prices usually prevailing at | this season. | Crab Supplies. | Plentiful supplies of crabmeat were reported, and hard crabs were plentiful | enough for dealers to offer them at $5 | and $7 a_barrel, some retailers offering them as low as 75 cents a dozen yester- | day. Soft crabs were not so plentiful | this week, prices for the Friday trade ranging from 75 cents to $2 a dozen. | Very little change in poultry prices | was reported this week. Business con- | tinued draggy most of the week, dealers reported. Shipments were delayed early | in the week as a result of the storm the ! last week end, but the market quick!ly recovered. ‘ Prevailing Interest commission. 'PROGRESS IN TRADE || ol SEEEiii NOTEP DURING WEEK; Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 “We close at 4:30 p.m. I Sept. 4th™ Real Estate Loans on imoraved pronerty. Precailing in terest rates and commissions Prompr replie Gond ser. Refi THOS. E. JARRELL CO. 10th Street N.W. tn applications cing done Main 766 First Mortgage Loans Lowest Rates of Interest and Commission Thom. J. Fisher & Company, Inc. In Nearby Virginia Prudential 5 /2% Insurance Co. Loans Commonwealth Investment Co. 17 I5th St N.W. Phone Main 2623, —all classes ot income-productng property Large Loans a Specialty Current interest rate and commission Higbie & Richardson, Inc. 816 15th St. Money to Loan | secured by first deea of trast Bradstreet's Comments on Increase in Retail Clearance Sales. By the Associated Press. NEW YORK, August 18.—Bradstreet’s today will say: Accentuation of the activities in Fall | trade hitherto noted; further slight gains in industrial lines; continuance of the remarkable progress by the cereal crops, which first became markedly vis- thle in July and, aided by high tempera- tures, the pushing of sales of seasonal || goods at retail through the medium of | | clearance sales, constitute the high | lights of the weeks reports. The one | |l| notable exception to this slow, but | steady, progress toward improvement ! over the reactionary trends present a year ago is found in the Southeastern | quarter of the country, where tropical | storms, accompanied by high winds and | || very heavy rainfall, have checked busi- | | ness progress, damaged the corn, cot- ton and fruit craps, flooded wide are: and interfered with highways and rail- | way operations | In the industries, the big features | have been a slight speeding up of | operations at fron and steel mills. with | accompanying announcements of higher | prices among finished lines for fourth | quarter delivery of steel sheets. Not | less important seems to have been the | heavier volume of pig iron buying at a few large centers and a very general advance in steel scrap prices. In the | automoble trade. a new peak point has reached in employment at the largest manufacturing center. Weekly bank clearings. $9.266.599.000. | A decrease of 7 per cent from a vear | ago, | BIGGEST BANK IN U. S. " PLANNED IN NEW YORK FIRST & SECOND, TRUST MONEY Complete Financing —of both FIRST and SECOND trusts on —HOMES —APARTMENTS —BUSINESS PROPERTY No Appraisal Fee Prompt Service Real Estate Mortgage & Guaranty Corporation Main 1403 26 Jackson Place Consult Us First If vou need money for vour Real Estate financing let us have your application today Prompt Ser No Appraisal Fee The Commercial National Company Incarparated Pald Tp Cash Capital. 5900,000 Commereial National Bank Bids. 1th and G FIRST MORTGAGE MONEY Your mortgage loan needs are best served when you can com- mand adequate financ- ing in quickest time and lowest cost. That's why we advise you to see us first. Raskob, Fishers and du Ponts R--! | ported Organizing With $30,- ' | 000,000 Capital, By ‘he Associated Press. | NEW YORK, August 18.--The Sun | satld Thursday that plans have been completed for the organization in New York of a $50.000,000 bank, sponsored by men prominent in business and banking. It will be the largest bank in the United States. Among those mentioned as probable members of the first board of directors, the newspaper reported. are John J Raskob, chairman of the Democratic national committee: the Pisher Bros | of the Pisher Body Corporation and other industries. members of the du | Pone family: Willlam A. Keeney, a close friend of Gov. Smith: A. F. C.| Piske, Ralph Jonas. chairman of the| Financial & Industrial Securities | Corporation. and Fred Hasler, once prominent as a director of the Bank of | America. | Low Interest Rates and Commission B. F. SAUL CO. Main 2100——— 925 15th St. DURANT AND.MITCHELL i TALKS CAUSE COMMENT +l Dispateh to The Star | YORK, August 18.—The inter- today by Charles E t of the National City Durant, as {hey sailed the subject of much Spee NEW views given out Mitcheli side Bank. and W. € for ape EXPERIENCE in || CONSTRUCTION LOANS Mortgage Loan Department SHANNON & LLUCHS, inc 1435 K St. NW Phone- Main 2345 wer comment in W Tn speculative ers Mr. Mitcheil's statement was ned as favorable inasmuch as he indicated that the Fed- oral Reserve authorities would not per- mit commercial paper to advance above 1 3%, per cent, which means that it would ease the situation if credit conditions showed indications of tnjuring business. | Mr however, predicted a aver 6!, per cent mon some time. This is high strict speculative opera- tions in stocks. Litgle attention was paid to this partion ol his statement The Durant interview dealt more with the Stock Market than with the market | for money. Mr_ Durant is still bullish but not positively as he was last ! S) when he stated that prices wers {ill reasonable and that brokers' loan of $10.000.000,000 were posstble and not injuric It was after the interview i which he was quoted to this that the had its heavi of the vea Over a Third UNITED CARBON CO Experience NEW YORK. August 18 (" —United Carbon Co., which has plants and gas properties in West Virginia, Kent Loutsfana, Montana and Utah, net carnings for the six months e June 30 of $330587 compared w deficit of $36.202 in the first hall of last year ROLLED STEEL REPORT. NEW YORK. August 18 (M Flat Rolled Steel Manufacturers weiation reported unfilled tonnage a of August 1 as 330,468 tons. amounting to 169 per eent of monthly capacity Production for July was 267883 tons or 822 1t of capacity The So eonduct your apartment in all details of managament that your won't want to look elsewhere. 1f you need help—either of time or of experience—call Don't wait until the situation gets out of hand. B, F. SAUL CO. Main 2100 925 15th St. CALL MONEY PREDICTION. ' NEW YORK, August 18 (#) —Charles E. Mitchell, president of the National | City Bank, said before salling for Europe that he expected call maoney to average 815 per cent during the Fall but that commeretal paper would prob- ably rule about 1 per cent lowsr, He sald the recent rise In the Federal | reaserve tate was fustified as the logical on us. + good condition sold as low as $1 and curb to erédit inflation.