Evening Star Newspaper, August 25, 1928, Page 24

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CIAL. FOREIGN GOLD IMPORTS TO U. S.TO BE CURBED Special Dispatch to The Star NEW YORK, August 25.-Evidence that the Bank of Prance and the Bank of England authorities are ro-operating with the Federal Reserve in preventing imports of gold into this country and thereby reducing the credit straid was given today in the action of the French bank in establishing exchange rates that make gold shipments from France prohibitive. This i a reciprocal movement in which the foreign banks that were sisted last year by low interest rates in this country and the subsequent ship- ments of gold to build up their bale ances are now helping the Federal Re- serve by imposing restrictions on the return_of this gold at a time when New York banking interests are - tempting to reduce rather than tc in- crease the facilities for speculation in securities. ‘The high rates for call loans in New York have been attracting funds from European centers. These have been a part of the item of “loans of others” with which it has been so difficult for the Pederal Reserve to deal. The pro- gram of the Bank of France is to ra its rates on exchange so that th will be no profit to the private banks in trading francs against dollars and placing them in the New York market. Reports from London are that French and English bankers are now conferring there on plans to protect their gold ‘holdings. ELECTRIC TRADE GAINS. NEW YORK, August 25 (P)— electrical manufacturing industry is passing through a Summer period with a rate of productive operations that is approximately 5 per cent greater than in the same time last year, based on the consumption of elcctrical energy, Electrical World reports. The demand for equipment continues fairly active, AUGUST 1928. FIN/ REGEIPTS OF FRUIT TOUCH HIGH MARK Meat Prices Soar During the FINANCIAL. STAR., WASHINGTON, D. €., SATURDAY, b ADVANCE IN STOCK MARKET CONTINUES Industrials Go to New Highs as Activity of Yesterday Week—rFruit and Vege- Granim Eain Resumes. table Quotations. Granby Min(4 5 . Ty el Boonsiee S, Grand Union. B - Shattuck FG(2 BY GEORGE T. HUGHES. Srangitininc (3) Shell Un(1.40) irt North pf(5) Shubert The(5). o o *1 Gt Nor pt efs(5) Simmons Co(3). fl";{é’&,"‘?’ék}"’:",}.gz"zs —_The ad- | chants with supplies of fruits to keep | pected that Florida shippers soon will ? in the stock market was carried \ over for market next week. Some of | increase their shipments to the local vance in s gy the more perishable fruits will find their | market. Because heavy receipts from Sor &h 40% 4 0% 400 “'{ «;‘;flg‘" ;6 Simms Pete. ... over the eor- | Am Can(2) . 1074 108% 106% 1061, | Grt Wn Sug 2 Sinelalr Ofl i further todey. Activity was again o | yy'to storage plants, while other sur- | other sections and the hot weather, it e d gl gl is stated, Florida shippers have been ago. This in- 'Am Can pt(7 141t 141% 141% 141% Gr?;?«“{”";‘::" Skelly Oil(2). .. sur [AmCar&Fay(6) 92 92 92 92 |Gulf StatesStl. R Inrge seale, O nd anything ssen on | PIus stock will elther decay or he dis- AmChiole(d)... 87% 874 86, Hacknsk W (114) Snider Packg Co any recent, Saturday. A number of pop- | posed of during the last hours of mar- | sending very few ::ln.‘th)e‘e::;unry el gy S b E SRR s a0 TL South Por pt(8) e dustrials et to mew nighs and | ket ab prices which will mean losscs | _Inoreased prices in the poultry mar; Dbl Bl e B Sl Bouth Datr realizing was absorbed wtihout making | for growers and handlers | ket this week res se Am Express(6). 218 218 218 Hershey pr(4).. Soush RIS - Serlous jmpression on prices, although it | _Fruit receipts during the week have | receipts, It is reported that many S AtTIe heavier toward the close. | been heavy, while most vegetables | chickens were lost during the heavy ; storm two weeks ago, but their loss Am & For Pow.. 37% 86 R Hoe & CoA..... Sm"lh :Ml!;lfi"fi B. - Am Home Pr(3) 76 76W 76 76l | Hollander & Son South Pac v were recelved in quantities mucl A e i ) A emerl Motore s e o004 1o | smaller than fhe average. There has | probably dld not have much efect upon 103 { Houston Oll.. 19415, the high of the movement, and | been but liftle change in_prices of | the local market. . LLAE [Eioal = unaL) - extended this gain in the later trading. | fruits, but vegetable prices have fluc-| Butter and eggs have held firm, with 96l 94% 964 | Hud Man(234).. At ‘196 today it was up more than 6 | tuated, up one day and down another. |slight advances during the week, and 116 RT6 215 iy HIME 0 AL Aiints from the 1ow of the day before. | Tomatocs, high early in the week, be- | dealers are not in a position to predict 8 Hupp Mot (f: Probably the short interest in General | came more plentiful and much cheap- | lower prices in the near future. [linots Cen(7). Motors Is larger than that in any other | er, other small vegetables, not so plen-| Due to continued hot weather and Indep O11(1).... mportant stock, but today's advance | tiful the past two or three days, bring- | decreased numbers of consumers during Indian Refining. was made by new buying for long ac- | ing higher prices i vacation period, there has been no count as well as the closing out of con- Nidat Dige: heavy demand for meats. Best quality Indian Refg ctfs | tracts for the decline. | | meats have been scarce, dealers report, 1 Meat prices soared early in the week, Ind Ref pf(7).. Inland S(kt63) 3 . and higher prices have ruled. xln.v‘m;nno‘n C(::]p. Steel Goes Higher. followed by higher prices Inrfl poultry. - . nterboroRapTr United States Steel did not go up | Dealers reported a continued firm con- InterconRubber as rapidly as Motors, but it worked | dition of x:g'_ butter and egg markets INCREASE IN EARNINGS. | Internat Agri... higher right from the start. The open- | throughout the week, with slight ad- BALTIMORE, August 25 (Special.)— Int Cement(4) ing was almost a point higher and in | vances in prices. No suggestion has|New England interests are reported to Int Com Eng(2) the second hour it sold above 152, of | been offered as to the possibility of | have resumed buying the common less than 2 points under the year's|lower prices in the near future. shares of the Consolidated Gas Elec- best. Allied Chemical rose spectacu- | A generally slow to draggy condition | tric Light and Power Company and THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 24 BANK CLEARANCES INCREASE IN D.. Weekly Figures Show 16 Per Cent Gain Over 1927 the latter at $2.50 a bushel. Yellow squash, fairly plentiful, sold at $2 a bushel the past few days. Light sup- plies of eggplants, and moderate sup- plies of onions and lettuce were re- ported during the week. Crabs Plentiful. Hard crdbs became more plentiful this week than at any time this season, the price dropping to $3.50 a barrel, enabling retailers to sell as low as 50 cents a _dozen. Soft crabs also became more plentiful and cheaper. Fairly heavy receipts of several va- rieties of fish were reported for yester- day's and the week end trade. Large shipments of small trout were included in the week's receipts, the fish selling as low as 5 cents a pound. Dealers had Increased receipts of It is probable that closing of the|rockfish this week from the lower Po- week's market will find many mer- | tomac, lower prices ruling. It is ex- Onen. Royal D(a3.2 58% Rutland pf 69 StJos Lead(13). 43% 43% “| StL & SanF(18). 117% 1171 StL 103 3 age Arms Schulte (33%) Seab Alr Line. Open. High Low. Close. | Gillette Raz(5). 10615 1069 105 10 Gimbel Bros.... 6d4 5% Han Gimbl Brpf(7). 9% a8 Glidden Co ‘ Glidden pr pf(7) 101 Gold Dust(3)... 1007 Goodrich(4). ; Goodyear Tire, . Gotham(12%). . Low Close 52 52 High Abitibl Power(4 52 Abrahma&Straus 101 101 101 Adams Exp (6).. 328 328 328 Rumley.... 414 41 41% Rumley pf. 53 531 58 umada Lead. 3 3 539 Atr Reductn(2). TR 6% Ajax Rubber. .. S Albany Papr(2) 26 Allied Chem. ... 197% Allied Cm pf(7). 1228 Allis-Chalm (7). 131% 133 Ameradac2).... 4m Agricul Chm i Am AgriCh pf.. hington during am Beet Sugar. 2.000. which | Am Br Sh(i1.60) 25% 2 101 101 3 1014 99 6N 0% 8te 261 Bank cl the past week tof was a gain of 16 per c¢ g week Am Linseed Am Locomot(8) 94% 116 : 645 65 Am P& L(11).. 0% 140% Am Po&L pf(6). o ' e { Am Radiator(5) Am Ry EX(6)... 1 Am Republie Std G & B pf4). Std O Cal(2%). StdOIINJI (1114 ) 3 StdOINY (1.60) . 240 Std Pla [ Seeretary Mellon. Strom Car(2). .. ndebaker(5). bmarine Boat n Oil(n1).... Superior Oil. more, another city s rict. feil | An ) 110% 110% 110% 110% ugs oL R E Am Sumatra. week. a drop ; Am Tel & Tel(9) 1 der a vear ago. Am Tobacco(§) int Harv(j6). . Int Mteh pf 3.20 106% 107 the United Stat reported to Brads! 23.231.000. ag: 3 Superior Steel. . 4% 4% Sweets of Amer. 348 54% 5 Int Mer Marine. Int Mer Mar pf. Int Nickel (3)... 1041 104% mington. larly to the highest at which the has ever sold. A block of 1,700 shares 204, in contrast ock | of the market has prevaiied through- out the week, according to dealers, and much not_ expected Pennsylvania Water and Power Com- pany on the Baltimore exchange. Earning of both companies are in- with the call for apparatus from utili- ties higher than earlier in the Summer. - | AmMWW&EI(cl) and | Am Zine....... 00 in the same week last|Anaconda (4)... an increase of 2.7 per cent er-Dan(3). er Dan rts nourDel pf(7 changed hands at with the previous close of 197'5. Sears- Tenn Copper(1). improvement is lexas Corpn(3). Texas Gulf Sul (¢ Texas & Pac(5). Tex Pac £ & Oil. Tex Ld Tr(new) 5T k. 40). 181 r cenue. . Thomp J R(3.60) Tidewater AsO1l Tid WASO1IDE(6) Timken(i5).... Tobac Prod(m). Transcont Oll. . Trico Prod(214) Twin City R(4). Udwd EL £(4).. Union Carb(6). creasing at a satisfactory rate. Dur- Roebuck made a new high. Montgom- | thousands of vacationists will be back |ing the last few weeks the two issues ery Ward opened down 5 points, but | and thousands of children are at home | have advanced 5 and 6 points, respec- most of the loss was made up subse- | preparing to return to their studies. | tively. quently. | T ‘American Smelting & Refining moved Today's Wholesale Prices. e up above 240 to a new top, but was not | Bytter—One-pound prints, 49%:a50; as conspicuous. Greene Cananea Was | b, 471,a48':; store packed, 30. | Eggs—Fresh, selected, 34a35: the real leader of the mining group, up 6 points at 119.° All the other copper | nery : current receipts, 32. tional Railway says the road is con- Issues were in good demand. Other . alive—Turkeys, fowls, | templating & substantial equipment features were Kroger Grocery, Electric | 26a27; Spring chickens, large, | order, which is ‘estimated at between Auto Lite, both classes of Warner |37,38; medium, 34a35; small, 32; Leg- |$10.000,000 and $15,000,000. Brothers' Pictures and Loft Candy. horns, 30a32; roosters, 18al9; keats, young, 50a60; old, 30. Dressed—Tur- Atlantic Refining, above 171, was keys, 30; fowls, large, 30a32; small, higher than any time since the 900 per cent stock dividend in 1922. Houston | a7a0g. Spring chickens, large, 43a45; Un Ol Cal(2) | Oil moved up for reasons not connected | medium. 40a mall, 38a40; Leghorns, Union Pac(10) .. 19614 | with conditions in the ofl industry. | 38: capons, large, 44a45: small, 30a35; Union Tank(5). 116% 1164 116% Rails Are Quiet. | ducks, 20a35; Keats, young, Soargo. Utd Car Bt phd) 1064 There were many other features on | vel 2jazs: lamb, 25a28; shoulders, e F:mlv"fx\-l b the side of advance, but more or less | 50231~ smoked hams, 28a20; smoked | Beachnut(13) U'SC1P&F(10) they all reflected the change in public | fhouiders, 19a20; bacon, 24a26; lard, 14. | 1 July 16| paiging-Hemwy Kresge (11.60). US Distributing sentiment toward the matket 83 & | Live stock—Calves, 15%4a16; lambs, | Ogde: Best & Co(3) Kroger Gro(c1) U S Leather. g A S Melon Shipments. Bethlehem Steel 61% Lago Oil a1% 31 Leather A Comparatively few of the rails par | | Beth Steel pt(7) 120 Lambert Co (16) 116% 116% eyt ticipated in the proceedings. The| Huge watermelons from the East| 2 et el gl A ESel o) Missouri Pacifics, however, were bid up | Shore of Maryland and East Shore of re & Rub. 20 20% $ - sharply, and so for a time was New | Virginia this week were show products || Haven. |in the fruit market. It is reported | The market held firm right up to the | that melons in one shipment averaged lend. Woolworth was a feature at the | more than 40 pounds, one big one | close, selling fractionally above the rec- | picked at random tipping the scales at ord for the present $25 par shares. |62z pounds, and it Was not the largest | Other_strong stocks toward the end | melon in the lot. These exceptionally were Schulte and Postum. | fine melons were quoted at $1 each. There were plenty other melons on | the market that were not so large and less expensive. Growers along Coan Iand Rappahannock Rivers sent fairly heavy shipments of melons here, first pick of the season, and dealers con- tinued to receive shipments from other places far distant. Prices for average stock ranged from 20 fo 50 cents, many of the smaller melons being | Inter Nick pf(6) 123% 123% Int Paper(240). 69 69 IntPap cfs(2.40) 68 6% InPap pfefs(7) 985 987 Int Ry Cent Am. 4613 Int Ry CA pf(5) Intl Salt(5).... § 574 Int Tel & Tel(6) 181% 1817 Jewel Tea(4)... 130 131 130 BROKER SUSPENDED. NEW YORK, August 25 (#).—Suspen- | sion of Walter F. Griffin of the firm of Cooper & Griffin of Greenshoro, N. C., Ry ' who has given notice he is unable o Expects Equipment Order. | meet his obligations, was announced by NEW YORK, August 25 (#).—Presi- |the New York Cotton Exchange yester- dent Thornton of the Canadian Na-|d until the middle of September, when a4l 2! 218 Armour. IN(B). 11 Armour. 111 pf(7) ]7h Arnold Con & Co 39% 39 e notice of this plan having been | Asso Dry G(2i 48w a8 o the Federal re: The | A 193in 194% 198% 193y | Jewel Tea pf(7). 124 124 ase of the new he re- | Atl Coast Lit10) 168 168 168 168 |Johns-Manv(3) 127 126t nt of the residue of the $4 AUGUIf& WI.. 49% 49% 49% 49% | Jordan Motor. 000 war-time third Liberty AUGUIfpf(3).. 54w B54% 53l 53':|Kan City South. Atl Refining(4). 169% 171 1661 166' | Kan C So pf(4) 15% 15% 15% 15% | KayserJ(5). B 5% 5“| Keith-Albee. Bald Loco pf(7) 117 117 117 117 |Kelly Tire 8%p: Balto & O(6). 111% 111% 110% 111 | Keis Hayes(2).. 8 tic debt | gans & Ar(3%) 6 16 B Kelvinator Corp 8% 8% INto ACUON | porier Bros(2). 29% 20% Kennecott (6).. 97% 9% Barnet Leather. 25 Kinney (GR)... 40 40 BarnsdailA. - . Kinney pf(8) 92 Beacon Oil Kolster Radio.. 617 Kraft(glis). 67% 9L 218 114 874 hen- | ay. Suspension was made automatically upon Mr. Griffin’s notification to the secretary, and members are allowed 30 days in which to file claims. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. Per 5011(15 lz Cent 3 Years or Longer H.L.RUST COMPANY 1001 15% Street NW. Main 8100 B2% 670 Blly 000.000 through gold bonds and a large Ted a 15% 861s 5% 623 6l U 120 120 120 Us Bon AmiA(4).. 73w 73% 73% 3% U Booth Fisheries 8 8 8 8 Advettising Committee Reports. B I e The District Bankers' Association 2d- | pritjsh Empire. 5 4% wvertising committee. Eliot H. Thon isi g oy ap chairman, held its first meeting of 'he | grockwy Mot(4) 63% 637 year vesterday at headquarters. The|gkiyn.Man(4).. 67% 68° chairman reported that a host of in-| pkiyn.Manpf(6) 92 92 92 92 quiries had been sent here regarding | RklynUnGas(5) 144k 144k 1444 144% the association’s recent ciary ad-| Brunswick B(3) 45% 457 44% 45 vertising campeign, several cities ask-| Brunswick Ter. 42% 42% 42% 42% tng for all the material presented in the | Bucyrus(1). 35 35% 35% 85% newspapers at that time. Bucyruscv(2}%) 45 45 45 45 The expense connected with the Te-| Burroughs(i4). 154% 155% 154 154 cent co-operative campaign was also re-! Butte Cop & Z.. 9% 9% 9 9 at the meeting. It is stated | Butte& Sup(2). 11% 11% 10% 10% fhat the fiduciary drive made a very fa- Butterick Co... 44 43 44 44 vorable public impression and brouffihit Byer & Co 105% 106% 1044 106% generous share of new buginess of this| E ek - T Eind to the banks The local banks | CUTIAEELD T T ol Ty which now are featuring their trust de-| o\ umergAr6). 1034 103% 102% 1025 pariments, report marked expansion. | ca), & Hecla(2) 274 27% 27 274 Plans were discussed at the meeling | CanDryGale(3) T84 78% 78 78% for the annual Christmas Savings Club | c,p pacific(10). 212ia 213% 212% 212% campaign, which will start around De-|cannon Mills... 478 4TH 4T 47% cember 1. In connection with this dis- | ;50 Threshg(6) 3375 3374 3374 3374 cussion & novel plan aimed at rxlendx_ng Cent Alloy(2). 397% 39% 39% 38% savings through the whole year Wascang alloy pf(7) 110% 110% 110% 110% ted. The details for Such & MOVE | Cerro de Pas(5) 78% 8% 78 78 will be worked out and the whole Mat- | Geriain-Teed(4) 431 43% 43% 43% ter be presented later to the president|CertoCorpnité) 79 79 179 79 of the association, Robert V. Fleming. | Chandler-Clev.. 19 10 10 10 In addition to Chairman Thomson|Chandler-Clpf. 21% 21% 21% 21% the advertising committee is composed ' Ches & Ohio(10) 184% 184% 183% 184 of the following: Claude H. Woodward, | G & O Corpn(3). 66 66% 65% 65% Jobn Poole, George O. Vass, Thomas J.| Chj & Alton pf.. 16% 16% 16% 164 Groom, Thomas W. Brahany, C. W.|ChiGreat West. 13% 14 134 Bhoemaker, J. Frank Rice. T. Hunton | Chi Gt Westpf. 30% 31 29% Leith and Robert L. Flather. |ChiMi&StP.. 37% 38 51% Institute Plans Being Pushed. Chi Mil & StPpf 51% 52 {Chi& Nwn(a).. 841 84% Bd% A E Henze, chairman of the in-|Chi RI&Pac(6). 123% 124 123% 123% stitute’s educational committee, reports |CR 1 & Ppf(6). 102 102 “ 102 102 that it is now intended to expand the |CR1& P pf(7). 108% 1085% 108% 108% courses until the studies will require a | Chi Yel Cab(3). 31% 32 31% 32 four-year period for completion. Work | Chickasha (3).. 50% 50% 50% aiready taken will, of course, count to- | Childs(2.40).... 9% 4Bl 9% ®ard obtaining the four-year certifi- | Chile Co(2%). 45% 45% 454 cates. Courses in commercial banking. | Christi B(1.20). 85% BB ROl investment banking and trust banking | Chrysler(3). .. 98y 97 9TH will be important in securing the|CityStB5% stk 86 87 86 87 higher grade certificates. | Cluett-Peab(s). 70 70% 70 70% Details of the institute’s campaign Coca-Cola()... 163% 164’ 163% 164% for 1.000 members were outlined at @ | Collins& Afkmn 564 56 564 56% | Nat Bellas Hess meeting of the membership commitiee | Col Fuel & Iron. 62% 624 62 62 | Natl Bisc(16%). 9 s of the organization yesterday in the|ColGas& EI(5) 119% 119% 118% 119% | Nat Cash R A(3) Faid this vear—no chapter rooms. Chairman Frank M.|ColCarbon(4).. 89 89 89 89 able 1 stock. ¢ Plus 5% 1n stogk : Periey i being assisted in the enter-|ComCred1)... 314 31% 3l 314 Sble, when CArned, e Faven ¢ el o0 prise by Miss Ruth H. Gochenour, Miss | CominvTr(3.60) 21 86 8l 86 bt 5 | in siock. b P | elus 70 Rose Rovee, O. Lenmann, Raymond D, | Com Solvents(8) 173 174% 173 1734 | Nat Pow&Lt(1) stock. k Plus auarterly I Lewis, G. Harry Morris. Richard A | COm Powr(13).. 85 85% 8% 4% |Nat Supply(16). O e 0 A e D Pius Norris, Stuart 5. Ogilvie, Edwin Steffe | Consoleum-Nair 24% 25% 24% i % In stoek A and Robert G. Whitton Consol Cgra(7). 95 95 93% 93w | Nevada C(1%). Consol Gas(5).. 149 149% 148 149% N Y AIr Br(3).. 42 = 42 Seaboard Seeks 1. C. C. Bond Authority. | connoicitiedes 90, 901t "oor '991s 170% 172 The Beaboard Air Line Raflway has 7 ConRRCuba pf 6 6% 1 asked Interstate Commerce Commis- | Consol Textile. . 126% 126% ion to have authenti- | Container A 1.20 106% 1055 d to its treasury Container B 60c. 265% 266% and_consolidated | Cont Baking B 59% 60% gold bonds duc | Cont Can(§).... 118% 117% 118% | N Y NH&H pf(7 114 114 1945 10 reimburse it for expenditures | Cont Insur(8). . #3% B2 84w | N Y Ont&Westn 28% 2 made from November 1, 1927, 1o J ont Mont (80¢) 12 12 12 12 (N Y StmpfA(7) 113 20 ns and betterme ornFixBank(20 704 704 704 702 | NorAm bl0% sti Road also asked for av orn Pro(13%). #3% B4% 3% 54% | North Am pf(3) the bonds as oty Inc(gh) 189% 191% 189% 190 | North Pac (6).. | Crucible 8t ¢ 79% 9% 9% 719% | Nor Paccfs(5). | CubaCaneSugar 4% 4% 4% 4% | Norwalk Tire. .. 5 |Cuban Am 8(1). 181 18% 18 18|01l Well Supply. | Cudany Pkg(4). T4k T4% T4% Tdw | Omnibu | Curtiss Aero(1) 112% 114% 112 112% | OppmCol Cutir-Ham(3%) b% 58 68 ba |Otis Elev(17). |Coysmel Brute.. 50 60 B0 50 |OusStesl..... 2 The passenger | Davison Chem.. 52% B4 B2k DRREIOTS) Bireet Journal, | Desre&Co pf(7) 125'% 126% 126 Pactfic Light (3) 79 rc- | Dol & Hud(9)... 198 199 198 198 | Pac Oll Stubs 4 | Detrott £4(8).. 204 210 204 210 |PacTel &T(7). 161% Ibl% | Devoe&l C1A 13 51 51 61 51 |Packard Mo(t4). 83% Kik | Diamond M(19). 168 166 168 162/ | Pan-Am Petrolm Dodge Bros A.. 19% 19% 19% 19% | Pan-Amer Pet B Dodge Bros pf 7, 99% 100 99% 100 | Pan-Am Wn B.. Dome Mines(1).” ®% B4 8 Hi| Parmt-Fm(is)y.. | Drug Inc(4). ... 102% 106% 102% 106% | Park & Til (33). | Dunbill Int#).. BT% 58 67 58 | Park Utah(80c). Dupont(13.60) 381% 381% 381% 381% | Pathe BX....... | Du Pont deb(6). 115 116 116 115 [Pathe Bx(A). .. Patino M(2.92). 185% 186% 186% 155% | peorieus Motor. 130 130 130 130 | peniok & Ford. . 4% aman | ot 20% 20% 20% | penn R R (3%). #9% | people'n Gan(%). 10% | pere Marq(18) do% | Phila & RCA L. I+ | Phil Morris(1).. 4% | pniliipsPet(1%) PPlerce-Arrow. . . S Rubber. . 34% S Kub 18t pf.. 6 6 S Smelt (3%) A0 U S Steel(7).... 151% U S Steel pf(7). 1405 Uni Pic 1st pf(8) 9 Univ Pipe & Rad Uti] P&L Ace2). Vanadium(T4). Van Raalte Van Raalte pf.. Vick Chem(4).. Victor Talkg (4) Va-Caro Chem.. Va-Car Ch pf(3) Vivaudou Co.... Vulcan Detin... Lehn & Fink(3). 4 u 1664 | Lig Myers(t5). . g 144 38% | Lig & Myrs B 15 u 5% | Loew's(¥3).... 7 | Loew's pt(634). 101 (Bt an Loose-W(1.60). 598 Lorillard Co. 91y 29% Louisiana Ofl... 1415 1413 LoulsGasA (175 36% 36% Louis & Nash (7) 1494 149% Ludlum Sti(2).. 61% 6l McCrory A(2).. 104% 105 1044 McCrory B(2).. 106% 106% 106% McKeespt Tin P) 69 691 69 Mack Truck(6). 90% 91 Macy (R H)(c5) 376 377 Mad Sq Gar (2). 23% 24% Wabash. .. 52 Wabash pf A(5) 'ma Cop(3). 52 2 5 21% 2 2 Waldorf(1%).. 166% 165 % 101 1714 60% | | | Wall Street Briefs The insolvency record as reported to R. G. Dun & Co. this week shows 377 failures in the United States, 27 less than last week and 93 under the total two weeks ago, but 8 more than for | offered for 25 cents. 5 the week a year ago. The total for the | Cantaloupes from the two Virginia |}l ison & Co... 21% latest month, however, is 1,723, or 33 | river sections also reached the local EISup(5).. 34k 344 Iworth(1.20) less than for the corresponding period | market in fairly large quantities, deal- | Man Shirt(2)... 34 -’“I Ward Cl A(8)... 9 9 last year. ers reporting them as having their :HI:‘M:’""--" ‘:2. 284 Ward Baking B. e = usual good flavor and as sweet as any “:r;‘ o; % 4 g 6-;- Ward Bak pf(7) The plan for the exchange of the | received here the past few days. ”.:h ‘r:-'o :r’?) ”:Ih 1"‘(-1 ol Warner Bros Pie preferred stocks of the Erie Railroad | Crates of various sizes of the fruit were MEu :sui 3RY% 134 Warner Plc A | for a new issué of 6 per cent cumula- | offered at prices covering a wide range, e l(i") . ner-Qu(¥). tive preferred had not been completed | some not so good selling as low as 50 ytag Warren Bros(4 | by the lawyers in time for presentation | cents, while the best quality sold around . Warren F&Pipe. to the directors. at their meeting yes- | §1.50. W Penn El A(7) terday. € West P Po pf(7) West Dairy B.. West Maryland. West Pacific. ... West Pacific pf. West Union(¥). Westhse A B(2) Westinghse(4). Westhse 15t(4). White Eagle(2) White Motors(1 Willys-Ov(1.20) Wilson & Co... .. Wiison Co pf A. Woolworth (5).. Worthn Pump. . Wright Aero(2) 172 Wrigley (15%).. 13 Who Knocks at YOUR Door? “When HERE is an old saying: Poverty comes in at the door, Love flies out of the window.” In this day and age, young men have come to realize that the question of fi- nances is a most important one in contem- plating marriage. Sagacious ones have saved some of their earnings and invested them safely, before taking the momentous step, so that when there is a knock on the door, they may feel sure that POVERTY is not the one who is trying to get in. Grapes from nearby states were of- fered the trade this week, the Con- cords being large and in splendid con- cago is understood to be negotiating to | dition. Shipments also were received acquire another important chain of | from Delaware, not large ones, and Vir- bakerfes. Details of the acquisition have | ginia growers also contributed light not yet been completed. shipments. Other varieties of grapes 3 were received from California, receipts Pillsbury Flour Mills, Inc, of Min- | from the several sections being more | neapolis and subsidiaries in the year | than ample to supply demands at pre- ;!.‘\d‘e_,dS 1.;|2me 3ose:med net income of | vailing prices. ,475,112, or $5.21 per no par share, Other Fruit Shipments. ainst $3,604,048 in vious year, s % L the previous year, | yyuue jocal dealers continue to re- for $5.76 per re. $5.76 per sha ceive fairly large shipments of peaches from North Carolina, Virginia and other states, receipts the past few days were not especially heavy. Prices ranged from $1.50 to $2 a bushel the past few days, some small stock selling as low as $1. Many shipments of the fruit from nearby farms were received the past few days, and yesterday grow- ers iw the Shenandoah Valley con- | tributed attractive fruit supplies for | the local market trade. Apples from nearby and distant places have not been in great demand | during the week, due, it is reported, to the plentiful supplies and cheap | prices of other fruits. Much good | quality fruit has been received from Maryland and Virginia, best stock sell- | ing at $1.50 and $175, few higher, while poor stock sold as low as 60 and | 75_cents. Pears have not vet become plentiful. Supplies are equal to the demand, how- ever, a light demand that continued the market steady being reported. Cali- fornia Bartletts, fancy stock, have brought $3.75 and $4 the past few days, small sizes selling at $3.25 and $3.50. Few pears are being received from nearby Maryland and Virginia, receipts being so light that prices are not quoted. Blackberries and huckleberries are still being offered the trade, the season extending over a longer period than usual. Dealers the past few days have received some fine quality blackberries from New Jersey and the nearby coun- try. Berries yesterday brought $4 and a crate of 32 quarts. Huckleberries, not so plentiful, brought $7. 3 Bananas continue plentiful. Prices advanced slightly this week, dealers re- ported, an advance that usually comes at this season of the year when other fruits start getting scarce. i Effects of Storm. Full recovery from the effects of the storm two weeks ago has not been realized by farmers and truckers in nearby Maryland and Virginia. It is true that some vegetables have become more plentiful and cheaper, more par- ticularly tomatoes, but prices of most vegetables, according to dealers, con- tinue higher than seasons when condi- Purity Bakeries Corporation of Chi- Miam! Cop(1).. Mid-Continent. Middle States. Mid States ctfs. Midland pf(t12) Miller Rubber. . Mo Kan & Tex.. 40 40% Mo K&Tex pf(7) 10415 104% Missouri Pacific 66 68 Missouri Pac pf. 119% 121 Mohawk C 621zc 40% 407, MontgmryW (16 214 218% 2 Moon Motor.... ™ % Mother Lo(30¢) 2% 2% Motor Meter A.. 15 15% Motor Whi(2).. 5 nm‘l’::;.n:lfm ;3“ 3;' | Yellow Truck... 34w Munsingwr 50 B0 5 Youngstn Sh(5) 90% 904 Murray Corp... 56% 55% Dividend rates as @ven in the above tabie ments based on the Nash Motrs(16) 89% 894 2394 239% 22y 2 Caterpillar Tractor Co.. which owns plants in California and Illinois, is said to be negotiating for the acquisition of another concern in the Middle West. Clarence A. Earl, president of Charles Freshman o, manufacturer of radio sets, confirms reports that he is to be- come a director of Loft, Inc., candy manufacturers, with chain stores in Eastern citles. Mr. Earl sald he had been invited to take an active part in the company's plans for expansion and expressed the opinion that the company will have great growth in chain store merchandising. It is understood that Louis B. Mayer, vice president of Metro- Goldwyn-Mayer Corporation, will also become a director of Loft. THIRD CROSS-COUNTRY - RAIL LINE IS PLANNED _ EARNINGS REPORTED. NEW YORK, August 25 (#).—Ameri- By the Associated Press can Cyanamid Co., manufacturer of a DENVER, August 25-Another step | nitrogenous fertilizer material, with Inoking toward establishment of a third | plants at Niagara Falls, Ontario, War- transcontinental rail line through the | ners, N. J., and mines at Brewster, Fla., newly completed Moffat Tunnel under | reports net profit of $3.67 per share of the Continental Divide has been taken | combined class A and B common stock by the Denver & Salt Lake Western |in the year ending June 30, against Rallroad in requesting a heflr‘m of t“f $2.91 per share in the previous year Interstate Commerce Commission on 1ts — %o bulld the| Western Auto Supply Co., which Shiukn G ety maintains a chain of 36 stores retall- "This was disclosed here with an-|ing automobile parts and accessories, nouncement, by the State Public Utili- | earned $1.65 a share on the combined Hes Commission that it had agreed to | class A and B stock in the first half holding the hearing for the Interstate of 1928, against $1.80 a share in the Commerce Commission, tentatively set- | same period last year. ting September 18 as the date. The Interstate Commerce Commist asked the State Commission to officlate in the taking of testimony, following receipt of a request from W. R. Free- wan, president of the Denver & Salt Lake Western, that the application be given consideration on September 17 or s00n thereafter. The Dotsero cut-off, linking the Den- ver & Salt Lake Western rails with those of the Denver & Rio Grande Western Rallway, is necessary to place | the six-mile tunnel under James Peak on a transcontinental route. ‘That done, the distance between Denver and the Pacific Const would be reduced by 173 miles under the present mileage over the divide, The Denver & Salt Lake Western (the Mqffat rond) s negotiating with other stern roads for the subleasing of the tunnel and the construction of the cut-off. The Moffat road leases the If they have invested their savings in the First Mortgage Notes through Swartzell, Rheem and Hensey Company, they will be getting a regular check for interest at 67 and be able to laugh at the strugglinz phantom clamoring to enter. Will you? Swartzell, Rheem & Hensey Co., Morigage Bankers TE7-15th. Street, \.W,, WashingtonD.C. 50 Years Without Loss To An Investor. % 10 stock lu: Plus 1/35 In stock. regular rate. b Pay- N Y Central(8). 2 106 144 | N ¥ & Harlm(5) 265 Pty 4w |NYNH&H(1) mortgage € per cent 9814 95% 4 28% 10% . 89Y% 212 cate 1! h athern ; vevenues for July were about $20 below the $11,904,055 of a y 53t 128 Warren Foundry & Pipe Corporation of Wharton, N. J., reports a net loss of $45,664 In the first half of 1928, against a net profit of $217,790 in the like perfod of last year. traffic, sa2ys WORTHY EXAMPLES If you are only an occasional investor, you will do well to take note of what experi- enced, conservative investors are doing. You will find that they are building their in- vestment programs upon the cautious principle that rec ommends non-fluctuating first mortgage real estate securities, such, for example, 401,088, or 1095 per cent, for the stx months American Agricultural Chemical Co. and subsidiaries, manufacturing chem- ical fertilizer and related products, with 28 plants located in the East, Middle West and South, report net profit of $2,237,650 for the year ending June 30, against net loss of $1,924,134 in the previous year. The net profit ex- cludes $1,020,963 realized on the sale of raflroad property, which was cred- ited to reserve for contingencles and Federal taxes . tions were normal | Tomatoes this morning were offere FIRMS PLAN MERGER. I at 50 ana 75 cents for good stock, ('ull(: NEW YORK, August 25 (#).—-Stock- | selling slightly cheaper. Dealers re- holders of the Wilcox Products Corpo- | port that most of the crop received ration and the Rich Products Corpora- | here the past few days was of splendid | tunnel from a district created by the 'tion will act September 18 on a plan | quality. Sugar corn prices have fluc- | | | State Legislature to finance the bore. | of consolidating the two companies, | tuated this week. Early in the week . manufacturers of automotive parts, into | it was possible to get the vegetable | the Wilcox-Rich Corporation of Detroit. | low as 15 cents a dozen, but yesterday's | FOOD STORES INCORPORATED. - lowest price was 20 cents, BALTIMORE, August 256 (Special.) . Stringless beans. very scarce last | Continental Food Stores, Inc., has been Baltimore Bank Splits Stock. week, are more plentiful at $2 and incorporated under the Iaws of Mary-| BALTIMORE, August 25 (Special) 225 a bushel. Carrots and beets, Jand. ‘This enterprise will acquire the | At a meeting of stockholders of the |5lghtly more plentiful, were quoted at outstanding stock of the Piggly- | Farmers & Merchants' National Bank | $3 and $4 per 100 bunches, and cucum- Wiggly Grimes Company of Denver, |of Baltimore, par value of stock, which | bers are selling at $1 and $1.25 a basket which operates a chain of 78 groc s $40, was reduced to par $10, and | containing two pecks. Lima beans this stores in Colorado and New Mexico. stockholders were notified to surrender | morning sold at 30 and 35 cents a Capltalization of (he company con- |their certificates so that exchanges | quart, the unshelled beans bringing | sists of $1,600,000 authorlzed 7 per | could be made in the ratio of 4 to 1 $2.35 a bushel < cent cumulative preferred stock, of [ Capitalization now stands at 65,000 [ Bhipped-in potatoes, supplies and de- | which $600,000 will be outstand- | shares. With the new shares goes a [ mand light, were quoted at $1.75 and | ing; 160,000 shares of Class A pre- | heneficlal Interest of one-tenth share | $2, mostly $2, the home-grown product | terred of no par value, of which 80,000 | for each share of the bank stock in what | seiling around $225 a barrel Only | will be known as the Farmers & Mer | | | { i Heard in Financial District. } gton today where he will at- on Mon- | artman(18). . Kastman pf(7). Faton Axle(2). . Cisenlohr&Bro, Elec Auto L(4). Klectric Boat, .. slecPow&Li(1) Liee Btor Bat(s) smmerson B pf. | Kmp Capwell(2) kEnd - John(b) | Kngineers Pub 8 Faquit BEldg (2) LRSS Krie 15t pf .e b1 Kureka V(1%). 67 o MotT(f80c) 19% 1RO1%) 41% 1wk RRubber 10 st pf(7) 5 o hmann(3) 7 4 % Stores Co. report ¥ Film A(4). 70 the current year H Freeport (161). 6 L 56,514 after charges, | ¢ nds, equal o 05,131 common This compare 1 exclus) er, has de- | nds of 1 ) stock of rec- | 16% 39% 15% 654 o 42% 214 | als and genera (% annual fen this B arOnte- Over a Third of a Century Without a Loss Pillsbury (12.10) Pitts&WVa(6). PortoRicoTobA . PortoRicoTobB. Postum (3) Produ & Refinr Producers& It pf Pub Berv NJ(2) Pub SE&G pt(6) Puliman Co(4). Punta Aleg Bug. Pure Of) (h0e).. 23 Purity Bak(3).. 100% 109% Purity Ba pf(6). 131 131 Radlo Corp..... 1904 194% Reading Ry (4). 104 104% 108% Iteal Bilk Hos... #6% 2604 Tteal Bilk pf (7). 94 93 Iemingtn-Rand 26% Rem-Ra 15t(7) oo Mot(11.20) . Hep 1 & B(4), as our 6% FIRST MORTGAGES Available in Amounts of $250 and Upward B. F. SAUL CO. Main 2100 925 15th St. G214 62 61% 1085 1085 108% Bl Bl% BO% 26 26 24% % o 23 106% United Cigar Stores Report for ger profi tanes and preferred 4 §1 cents a share o shares of $10 par value with net profits of $2,601 uriel Hnub A . Gardner Motor. Gen Am Tnk(4) Gien Asphalt. ... 1058 131 193 2% % 2% 1% 624 2(15),.. 158 Alo1%) b6 Gen Gar pf A7) 110 eCrm(3). 9% en Motors(17) 191 6 Mot pf(7).. 12» Jen Outdy Ad(4) OuidrAdi2) year. or 49 cents a shares will be issued, and 300,000 moderate supplies of sweet potatoes “hares of common without par value, | chants’ National Corporation are being received from the Maryland %1 of which 80,000 shares will be out- dain | standing | Ttep 1 & Bpf(7). 107 107 107 . . o v : SILVER QUOTATIONS. o ONe3y, AT A1 AT { NEW YORK, August 1 1ie e silver, b8%. Mexican dolla and Virginia counties across Ohesa- peake Bay Bushel hampers were sold ihis morning at $1.75 and $1.85, bar- rels bringing $5. Moderate supplies of kale and spin- ach are being recelved (rom nearby farms, the rl‘mvl selling at $1 and N.W. Ethyl Gasoline Sale Allowed. NEW YORK, August 25 () -Pro | hibition of the sale of Ethyl gasolin lin New York City has been lifted b, the city health department. 64 66 NO noldn Spngs. 115 114 ||u1 4% THERE 1S B § oo Iichfield O11(2) 0 Hossia 1nati) .., [Z I SUBSTITU LLIN - " FOR SAFETY i Melroe(d)., ob - i - S

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