Evening Star Newspaper, August 31, 1928, Page 11

FINANCIAL. _a- L EIGHT FIRMS NOW IN'BILLION CLASS Seven Have Appeared Since Close of World War—More in Prospect. BY JOHN F. SINCLAIR. Special Dispaich to The Star and the North | American Newspaper Alliance 1 NEW YORK, August 31.—There were || {no billion-dollar corporations in the | world before the Great War. Only one, the United States Steel Corporation, ap- | proached this huge figure. Now there | are eight corporations with invested | | capital of more than a billion dollars | each. United States Steel Corporation, Am- |erican Telephone & Telepgraph Co., Southern Pacific Co., Pennsylvania Rail- road Co., New York Central Railroad aies. ETANDORE. O LIRS AND. pom- | 00 Standard OHBSE' (ot Jgrslegr. " 3 B8 fotks O | Canadian Pacific way Co. an e x;o\;:x“nm&fuasmmmssfl ST(,’RL;? 17 | Union Pacific are in this class, named 50 Cumberland P L' n.. 99 99 9 in the order of their financial strength. |2 100 Gat S8 O 2 v Other consolidations now in_process 30 6n 3 VP §2% 8% 204 | il bring three or four more into the 500 Humble O & R.. 7814 | billion-doliar class within the next 12 Wh e 28, | months. Two of these are the Standard 3000 Inter Pel Led.100 3114 Gas & Electric_and the Consolidated 500 Nat. Transit s Gas Co. of New York. " ” A6 O is | If we step down one peg and consider i i a0 Brainie B £ 14532 138 * | the_corporations with invested capital 200 South Pen b of from $500,000,000 to $999,000,000, we o SOt RE e I must list at least 21. Corporations in 3008 0 Ky I this class, in addition to the two men- o S Bt % | tioned above, are, in the order of their PR financial strength, Santa Fe Railroad, Baltimore & Ohio Railroad, General 9.+ | Motors Corporation, Northern Pacific 33 ° | Railvay Co.. Great Northern Railway 3a's | Co., Royal Dutch Co., Cities Service Co. Tilinots Central Raflroad Co., Bethlehem | Steel Corporation, Standard Oil Co. FINANCIAL, " BONDS ARE STRONG STAR. WASHINGTON, D. C. FRIDAY, AUGUST ‘31, 1928 ' . NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office THE EVENING N HEAVY TRADIG UNITED STATES. (Sales are in $1.000.) Bull Campaign Pushed Vig- orously—Illinois Pipe |Cl|l1\ll|5l"&l‘imfix7fi 101 Sales. High. Low, Close. Lib3ys H8 9918 9918 U918 Line Is Feature. MSP&Pacadt 65036 ht NW 4% s 2037, 3 o7 - S Libist4is 4 (01 10081 101 Lib 3d 41 6 99 331 9931 Chi & NW 6158 o ¥ Chi Rys bs. .. 3 BY WILLIAM F. Hi Special Dispatch to The Star b 4th 43 a8 th!fi 1013 1014 ChiR1&Pgnds.. 10 NEW YORK, August 31 3%43. 61 9831 JChIRI&Preas.. paign for higher prices was carried on | Broad Advance Occurs as . | ke > .n Buying Movement Develops. [ T8 SRVt 1 R1Pact ChiT H aggressively in today's curb market | session, Trading was again very ac- US4ysi2, 8 11130 111 U. S. Issues Firm. | Chi T H ! tive and there was every indication that | 2 ATt Metal Wks pfd FOREIGN. | Sales. High. | Argentine 6s Ju gy, ¥ 100 entine 63 Octs - 4 100 entine 63 A 904 495 1Cht Un St | chi Un | Thursday's total of more than 537.000 | 1 Asso Dye & Print § Lone Star & | shares would be exceeded | AamolChs R 160 Mex ON Stimulated by the comparatively | Auburn Auto_Co g 3 L Mount Guif small increase in brokers' loans, the | i Baboock & Wilcox... 13 27 Mount Prod | element favoring higher prices brought o about a number of new high records. Money to Loan Secured by first deed of trust on real estate, Prevailing interest and commission. Joseph 1. Weller [f5%35 ' § 3! High. Low. Close. R 3 New Cornelin 37 Newmont Minin 5 Nipissing 5 Ohio Cop 10 Parmac Por' M Lid 9 Roan_Antelope Cop Sales. Ches& Oov4les.. 8 9 Ches'& O gn 4%s.. 18 | Chi & Alton 314 1 B: : Chi B&Q gen 4s63. 11 CB&Q4%s77B.. 24 ChiB&Q1strf 1 ChI&E Ul gn 68 b1. 18 Chi Gt West 4s69. 81 CM&StPgn8d.. 8 ChIM&SUP416sC80. 53 CM&SLP ret 4% s89 45 Following is a list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIALS. o HED x 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. until Sept. 4th” Sales in hundreds 1 Acetol Prod A 1 Adams_Millis 1Acro Sup Mf A 1 Allied Pack 1 Allison Dr:A 2 Allison Dr B 4Alpha Port Cem 1 Alum Co Amer 34 Am & For Pow war 2 Amer_Arch Co 13 Am Cyanamid B 22 Amer Dept Stores Amer Gas & EI 19 Amer Rayon Frod 5 Amer Roll Mill 10 Amer 8 & C p pid 2 Amer States Sec A 1 Amer St Sec war 22 Amer Superp A 10 Amer Superp B 1 Amsterdem Trad 4 Anchor Post Fence 1 Apponaue Co 10 Tonopah Ext...... 4 Uni Verde Exi 25 Unity Gold... 1Utah 3 Yuk Alas T't ofs 1 Yukon Gold...... Sales in INDEPENDENT OIL STOCKS. hundreds. 52 Am Con Oilfids 2 Am Maracatbo Co 3 Barnsd_deb rts | 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 I Low. Close 99% 100 Q01 958 991 N. The broad- arket The cam- | | | Empire G_& F 85 pf 12 Gulf Ol in sev- oped today under the ing by dealers who 2 anticipation of a infiuence 6 Intercontl Pet Birencs . 4 Leonard Ofl were 106 3 Lone Star G Del 1147 105% sto i\‘uha Nor dlset 3 [ Det & Hud 51gs.. L K10 G West b Erie Gen 45. Erieconv 4sB..... Briecvt 567 wi.. 5 Gr Trunk stdb 6s Gt Nor 4%s 76 D Grt Northn 4 s k. Great North 514s. . Great Nor gen 7s.. Green B & W deb B Hud & Man aj bs | Hud & Man ref bs 111 Cent ret 4s. 111 Cent 45 63. ata vic o8 23 Pantepec 13 Reiter-Foster 01l 1Rich O Cal pf war ¢ 16 Sait. Ck_Prod 8Teson ONl & 1Tids Os O no 95% 95 1001 100! 1084 108 1011 101% 89t istra 9T Aus: M 9 R B 1001 100% 1004 Belgium 614 10512 104% 1051y Belgium Ts 1935, Belgium 7s 1956, 118 Baneitaly One of the outstanding features w 3 the, spectacular rise in Illinois Pipe IRl oo Bos Line. The demand had as its incentive §Belvm City R R the prospect of a recapitalization plan H -+ 4 3 to be cffected later in the year which would result in a stock split-up and a substantially higher rate on the new better lic demand after the first of | Belslum 7l Boiivia §s. 8Buf Niag & EP A 2 Butler Bros . shares. At 225 the price compared with the previous final of 210. Olls generally the month. September is usually a X good period for mvestment, as it marks | BOrASauE 55, the end of t acat eason and the Brazil 6gs 19 2 Buzza Clark . 1 Campbell Wyant . 307 Can Marconi W gave a better account of themselves than at any time this week. Intern: [ tional Petroleum, Imperial Oil of Can- ber of potential | grazy) 7 25 Caterpll Tract ada and Standard of Ohio were fa- f Brazi 8s. .. | Bremen State 7s the strength issues that | a 4 Caterpil Tract 8 30 'd 1Celan Cor Am . vorils but gains were moderate. Evidently there was some special rea- ‘ ada bs 1Y expected 10 be most affected | Canana oo 155 h money rates. Al ‘elan C Am n pfd an C Am 1 pfd | son for the active demand for American | Superpower although there was | This was prom- | Canada 6 1 numerols low coupon Tails ANd | Chyle 7s 1943. . 2 Gelotex. Co Cent & Southw UL ! nothing in the form of new develop- | | ments to account for their strength. | ies well as in foreign ' Chinese Gov Ry it Pip Cor . In&GtNoradi s 52 American & Electric resumed its | hort-term notes PAr- | Calumbia s 1961. . 1 the movement gt nt Put S A 00 3 Cent States El . | Int Ry C Am 6s 41 upward movement and Middle W lnt As E £ 974 | Utilities gained a point further The wide fluctuations were again i | Copenhugen 4% They were not con- | Copenhagen 5s ct 1 Charls Corp Cab Mfg arbon was a feature among surpassing its previous high to those of the con-|Cuba 534s... Half a dozen or more | Czecho 8s 1951. Nip 41,. Short covering again resulted in _higher prices for Cel provement in| Dutch East 1 68 4 | Duteh East 1 656 0@ s 48. | Crovsing 138 Bancitaly shares were > | points higher. Columbia Graphophene | i Gurtlss Aero Exp | made further upward progress and Na- | 3 Daveza Inc | tional Rubber Machinery bonds and | 33 Beere & Co. | stocks reached the highest since lhc( 33 Dubtlier C & R 4s B ] issues were offered for public subscrip- ‘ :g(:;-g:, .\:m MESTprinsea. 7% 1007 | Tt was a market. which needed lttle et Mo Pacific gen 4s. . TR {or no incentive in the form of de- El Bond & Sh Cor Mo Pac 58 F 77... . 99 velopments in individual companies. e Mont Trm ref 55 41 9. il The line of least resistance still lay on SRR, : ' | the side of advance and little resistance vans E 8 B assau El 4551, 59 59 | was offered to operations for the rise. e teel Brod N Y Cent deb 4s. 9614 | ansteel, Brod . ... N Y Centas9s.. .. 01, cderal Water A NYCrfimdlgs... 994 | N Y CentLS ¢l 3%3s . 790 | NYC & StL deb 4s. | 103 NYC&StLESA. 1 90% 904 90w | N Y NH&H4is. 105% 105% NY NH&H cv db 6s 53% 83 B Y NH&H clt 6s. K93, 89 89 ¥ Rys 6s 6 a9n ¥ State Ry 09 1 Y W&B4k%s. 106 106 orfolk & W cn 4s. 96 Nor Pac 38 2047... 108 108 Northern Paoific 45 P | Ore Wash Ist 4s. .. 1075 107 Pennsyl gen 4%s | 1904 100 Pennsy 55 64... % 107 i 1045 10474 Pennsy| 9815 984, Penns 92! Port RL&P 713 46 RIo G West cl 4s... StL 1 M&S g b8 31 StL&SFplisA. StL&SFre%si8s StL&SFincés... StLS W con 4s 32. StP & KCShL 4%s San A & Arn P ds.. Seaboard AL 4s sta Seab A L ref ds.... SeabAL adj 5s 1949 Seab A L con 6s... SB Al Fla6s35A. Sou Pac 4s 2. Sou Pacific ref 4 Sou Pac 43%s rets. . Sou Ry gen 4 Sou Ry Con 5s. Sou Ry 6%s....... ‘Term Asso S L 4s.. Tex & Pac bs B 1971 Third Ave ref 4s 60 Third Ave adj 5 Tol Tr L&P 5%s Union Pac 1st 4s... Union Pacific 48 68. UnPac4'%s67.... Virginia Ry 1st bs. Wbash 414878 rets Wabash ba 76 B. West Maryland 4 Western Md 5145.. | Western Pacific bs. 16 ficant feature of the mar- WE WILL SELL $5,000 Fairfax Apt. 6'4s Gen. Mtg. Gold Coupon Bonds, Due 1943, at $800.00 per $1,000 Bond. MEHLMAN & COMPANY 1319 F St. N.W. Phone Main 8817 LOAN: Let us have your applications “LOANS ON REAL ESTATE Immediate Action { Courteous Treatment Our record of 35 years speaks | for itself. | Percy H. Russell Co. | 1731 K St NW. | LOANS On Centrally Located Business Property 5% Interest 1033 108% e 105 10478 o 109% 109%, L 9ty 1001 nufacturing da_Copper D MIE for ghter A {all Marx aph ia'Balim 6¢ tnt Raptd Tran 5s. | Int Rap Tr bs stpd. | Int Rap Trans 7s. Int & G Nor Ist 65, i Finland s points. _Other Strong | prame, Remington Rand 5'>s. Old | g in-Terd Product s bR eum 6s and Pathe |, ° e Bt '3 ponts, | German i P'6 points. [German 1s... 10 Cons | Kansas City 1 Courta 1 City Term 4s hore 4s | Louis % Nash 7 | Man Ry ties, los BONDS thonsands 10 Abitin) P & P 55 A 40 Ala Pow 4'ss 1 Allied Pk 63 3 Allied Pk 35 Alum Co A ‘of New York, Southern Railway Co., Chicago & Northwestern Railway, Chi- cago, Milwaukee, St. Paul & Pacific. Standard Oil Co. of California, Public Servige Corporation of New Jersey, Mis- souri Pacific Railroad Co., New York Telephone Co., and New York, New | Haven & Hartford Railroad. | 1f we step down another peg and list {the corporations in the United States having invested capital of from $250.- 000,000 to $499,000,000 we find 43. These are too numerous to list, but |among those of greatest financial im- portance are Anaconda Copper Mining , {Co., Armour & Co., General Electric Co., E. I. du Pont de Nemours, Shell Union_Oil Corporation, Standard Oil Co. of Indiana, Sinclair Consolidated Corporation, Chesapeake & Ohio Rail- am, | way Co., American Power & Light, ani! | Southeastern Power & Light and such railroads as Chicago, Rock Island & Pacific, Louisville & Nashville, Nor- folk & Western and St. Louis-San Francisco. Go down another peg and consider {the corporations with invested capital of from $100,000,000 to $249.000,000. In this list there are nearly 100 American corporations. Some of the important ones in this classification would in- clude Youngstown Sheet & Tube, United Light & Power, Northern States Power. Detroit Edison Co., Western Pennsyl- vania Electric, International Telephone & Telegraph Co., Chrysler Corporation and Westinghouse Corporation. Corporations having an invested capi- tal below $100,000,000 are so numerous as scarcely to be “news” any more. No such formidable business struc- || tures were ever built up in the whole history of civilization. Dr. C. C. Georgeson. plant wizard of Alaska, says the agricultural possi- bilities of Alaska—a country 13 times | larger than the State of New York and | three times the size of the German ‘mpire—are of far more intrinsic value | than all of its mineral wealth. The Government of the United States | appropriates $15,000 a year toward agricultural experiments in that coun- try. There are 42 native kinds of grasses grown in Alaska, 16 varieties of | wild berries and 270 species of wild | flowers. Cabbages weighing from 15 to | .| 20 pounds are not unusual. Rasp- | berries grow as large as walnuts 1 2 Am Alc 6% 6Am Gas & EI 58 9Am Pow & Li 65 . 1 Am Seatine 6 33 Apoal EI Pou Black pld 5 104 98% 98 3 967 903, | 0" | 10075 9T 102 1017 1005 1003 1005 100 243 24% 924 924 101% 1013 107% 1074 94 94k 945 94 1014 101 9Tl 96 100+, 100% Union_Pacific 41 2 Northern 4!:is, St. Paul 4! : Rock Island and Frisco 41a: sfactory improvement and were | Mar: more active than for some time. Among | Mexico . the short-time issues that recovered a ! Milan 6348.......q portion of recent losses' were Baltimore | Netherlands 6s 54. & Ohio 41:s, Chesapeake & Ohio 413s, | Netheriands 6s Southern Pacific_ 4s and_ Colorado | New So Walas 67s. Southern 4l>s. Duquesne Light New So Wales 58s. touched 101. compared with their low | Nord 65s. of 98 Norway 5s 1963. In the foreign group Australian 4! Norway blgs led with a rise of 3;,. The German |Norway 6s 1943 government and mortgage banks lssues | Norway 63 144 were strong. ench, Italian, Belgian, ; p, . .. Chilean, Brazilian and Bolivian desrip- | bario- by sica 1o . tions were in fair demand. Peru 6567 wi..... The market for United States Gov-| Peru7igs ernment bonds and certificates Was | Potand 6s 40 quiet and steady. Poland Ts (rets, — Poland 8s. .. Washington Stock Exchange |erasue ras. .. SALES. Rio de Janeiro 6 l4s - Rio de Jan 8s 19 Capital Traction 55—82.000 Rome 63 $3.000 at 101 Washington Gas 6s B—$500 at 107 | Sao Paulo 1950 azon (PW) 78,400 Mergenthaler Linotype—5 at 1007, ’ at 10075, Seine Ts 42 Serbs Crot Slo < Shinyetsu 6348 52 AFRER CALL. Soissons 6s..... Washington Rwy. & Elec. 45—$3.000 at | S.vegen 5%s n & 923, $2,000 at 923, Swiss 543 1946, Anaogsna & Potomac R. R. 55—$5,000 at 97% . Georgetown Gas 55—$1.000 at 103%. Siviss Confed 8s. Toho El Pow 7s. Federal-American National Bank—10 at 336, 20 at 326%%. | Tokio 5%s 1961... Utd Kingm 5%8 29. UtdKingdm 6%s37 5 104% 104% UNLISTED DEPT. ‘Washington Base Ball Club—50 at 50. Money—Call Joans, 5 and 6 per cent. | UtdSteamCopen 65 10 97 97 Bid and Asked Prices. Uruguay 8s. . 3109 109 Yokohams éswl.. 6 96 96 BONDS. PUBLIC UTILITY. MISCELLANEOUS. = | AmAgriChem 7% 05% 105% Am Smit & R 15t 102 101W Am Smeit & R 6: 107% 107% Am Sugar Ref 6s.. 1 103% 103% Amer Tel & Telga 4%. AmT& Tol tr ¢ M 99 Amer_ Tel. & Telga 41os.. AmT& Tl trbs. 104% 1043 :Tum{.“&fi;mwn"n 555‘ - AmT& T st 51 1043 104 Py g . Am Tel & Tel b 106% 106% € & P Telephone 55 Am Water W 999 € & P_Telephone af Va 55 Capital Traction R. R. 55 Gity & Suburban 55 eorgetown Gas st 55 Atk P & L 55 2 Assoc Gas & El Bias 93 Assoc Gas & El 4728 1 Atl Fruit 8s 38 Atlas Plyw Bias 5 Bell T Can 55 A 40 Roston & Me 55 A C 1Caro P & L 58 1 9 Cent States Fl 58 1Cent Sta P & T, 515 2Chi Pneu Tool 55 15Cinn G & E 43 A 5Cinein St R 5%s A 21 Cit. Serv 58 19 Git_Sery Pow 5ias 3Cl Term Blde 6s 1Cons Pub 6%s Cons Tex. 1¥Cont1 G & E 5s A 5 Contl Ol 5'4s 2 Cudahy A< 13 Gudahy_5'%5 200en & R G & W5 B 5 Denv_& Salt Lake 65 5 Dot Tntl flos 3TDet Tntl Ts 100% 103 16 L1081 10214 8% o1 3 921, ' pid Ee lorsh Shoe A h_Shoe pfd rd Mot Co Can orhan Co A Theaters A H H Mix Co Freed Eisem R C Freshman Chas Fulton Syl 3 Gialesbura Bk 100 580 24 Markets at a Glance ) NEW YORK, August 31 ().—Stock strong; radio and General Motors lead | upward trend. Bonds firm; Anaconda 7s again at new high. Foreign ex-| 59Gen Ba changes steady; yen up 10 points.| '1lGen Bek pid 8 | Cotton easy: bearish private crop ad- | BT Vices. Sugar lower: bearish European ien Mils | beet estimate. Coffee declinad; foreign | £ Gibery : selling. 1 Glen Alden’ Coal: . 1 Gobel A | CHICAGO. August 31 (®).—Whe s3Gobel A new firm: better ~xport business. Corn firm: 1 Gosard Go xa frost damag. Northwest. Cattle steady | to lower. Hogs highel WHEAT CLOSES FIRM. 43 Grasselii_ Chem 1 7 Happin C St A « Hercules Powder 1 Hires Ch 31 Hollend F: 1 Huylers - 1 Inafhe TR CHICAGO, August 31 (P).—With de- 3Ind Ray Gor livery o~ September contracts com- 13 Insut Co N | menging tomorrow there was little dis-| 12Intl P#int Ink | position on the part of wheat traders | o ;;gg i to take a decided stand today and con- TRt siderable evening up in evidence 31ntl Shoe Transactions were small and pric Sintern ULl AL averaged a little higher, the steadier G Interst_Dep Strs undertone being attributed to Livel S Ren g e | pool's reaction to scanty Australian 1 Kemberly Clatk. .. shipments and poor collections in Ru. | sia. Scattered local and commission house buying. with tightness in the nearby month, lifted corn to firmer territory. | Wheat closed firm, ' to % up, and L { corn firm at ' to 1. advance, Sep- tember gaining the greater margin. Oats were unchanged to % higher and provisions irregular, lard down 7 to 15, ribs unchanged to 12 lower and bellies unchanged. 1 Knott Co 1 Kobacker Siores ot EQ Cn t G WHEAT September 108 2 b AFad Wat Serv 5iks 1 Pivest Cot_Mil &s 8 Firestone T & R 5% A Fa P& T St SEGmsamane at 101, 14 Gen VenA s 78 Cieormia Pow 85 10 5 G AN oA te l;;l Pa 'i;[ 4 1035 ticon Rub e 104 104 1 Hood Rub 7 3 110% 111% 6 98% 9BY 9013 0% 1184 118% & | Aris i ; | 27 Tndianap P & T. 55 A 10Tntl Sac Amer As 12 Tnterstate Pow S 1A Tnterstote Pow 65 ! Tnvest Carn Am 5¢ A 1N Towa Nzb L & P 55 A T walvin Corp e 14 Kon Gas & Coke 55 b Pow 65 A Consult \WEAVER BRO Y REALTORS 809 15th Street N.W. Main 9486 1 Lake Super C ¥ ok 3 20 Lakey Found & M 20! i 3 Lefcourt Renl 1Leh Coal & Nav Leh Val C cfs Leh Val C Sales Libb Owens Sh Gl Lit Bros 1Loews deb ris 26 Marc Wire Lond B 24 Ma Mo, Y AN 20 Mont War B € 55 A 1 Morris & Co 7138, 1R Narrag Co 55 A 18Nat P & T 68 A 17 Nat Puh Serv 55 57Nat Rub M 6s & Nev Cons Cop B Fne G & E 55 STN Y P & L 4lis 5 Nichols & Shep &5 8 Ohio Pow 4loc D. 35Pac G & E 8% E Invest 5s 5 1 1004 1 679 65 993 Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Anaconda ist 6s... 59 Anaconda cv db 7s. 403 Andes Copper 7s.. 111 Armour&Co4 %4839 1 . | Armour Del 5%s.. 36 Associated Oil 6s., 3 Atlantic Refin §s... 13 Barnsdall 6s 1940.. 18 | Bell Tel Pa 58 B Bethiehm Sti pm 68 Beth Steel rf 6 | Beth Steel 5148 53. Bethlebem Steel 65 Bklyn Edison 63 Bkiyn Union 5% Certain-Td5 Y srcts 41 | Chile Copper b 14 | Col Gas&E deb 6. 5 | ConGasN ¥ 514s.. 14 Cuba Cane cv 7s 1 | Cuba Cane 15 | Cuban Am Sug 8 L § | Dery (DG) 75 4| Detroit Edison €3 4 o | 12 Mavis Bottling 198 Tay Hosiery bid 1 Mead Johnson 5o 6 MelvShoe 107 fetro Chain Strs 1 fot 5 & S0c S A 4 Midl St Prod 1 Midvale Co 4Mid West ULl TN WOT o den 2 Mohawk Hud Pow 13 Municipal Sarv 3 Murphy G € xd 1 Nat 1 Nat 2 Nat 3 Nat 2 Nat 53 Nat tomac Elec lIst 5 Potomac Elec. cons_S5s . Po: 6s 1953 MLV 5s Mt V. ctfs reade 6ias to_& Annap. 5s eton Gas 35 1 Gas fis. series A Gas 65 series B Rwy. & Eiec. 45 Rwy. & Eiec. gen. 65 MISCELLANEOUS Ross. Inc. 6i4s P: CID;J; 628 ub_3%ks. D C Paver . Pot. Joint Stock L'd Bk. 5% Cold Storaze 5s .. il b n Park Hotel 5'.s STOCKS. PUBLIC UTILITY & Teiga Traction Hien 1108 1.16% 2074 23% 10 1043 | Qars | 9 ‘| December | March versen § May Sy CORN | September December | Mazeh | May ’ OATS September | December Morch 280 | 91% g RYE i | September | December 9% 9 Special Dispatch to The Star. oo x 1> Newb J J pfd i NEW YORK, August 31.— e o iN°OnGr No i R 5 Construction Planned. Ny S0 & vid NEW YORK, August 31 (#).—Con- X 5 21 Nichols & Shep e aNichols & Sheo war 70 | templated construction operations an- nounced in the past week in the United The International Institute for Cine- matographic Education is a new or- ganization created by the League of | Nations to parallel in its particular field | | the kind of work the International In- ! | stitute of Agriculture has been doing in the agricultural field. Its work will be to compile all im- portant data in the motion picture field. | It will concentrate its activities par- | ticularly upon the questions of the best | way the motion picture can be used in the educational development of youth. Its financial support will come from the League of Nations. The Villa Falconierie, near Rome, | which has been donated for this work, | was formerly owned by the Kaiser and | 300 10515 10: 1291 .0l 9) B0 80 9K 97 99 9% 1004 1044 105 99% 100% 102 104 104 Low. @ i i Potomac Fd 5s E 1Pub Serv B & G 4'ss 7 Rem _Arms 8155 20 Rickfld Ol 65 A 1 Richfid Ol 5! 1 8an Anton P'S 8t L Gat & Ci hiitte R Fst rvel Co Dl & Shawin W & P 4l.s A oss 8h 65 P Snider Checking Accounts Savings Accounts \cceptance Credits Time Deposits Foreign Exchange. Commercial Credits Travelers’ Credits Travelers’ Checques 103 ins L 107 9234 103 941y Wash (new) Barber 94 106 101 % & Rub Mich 12 Nat Thenter Sup i Nat Trade Journal 1 Nebel Oscar 98" 067 9 0814 99 28ou Cal Ed 5 8Sou Cal G 39 Sou Ashestos G 3 South Dairies 65 o Staley Mfx 68 sStand P & L fis ASwift & Co 5t 11 Taxas P & T 1Ulen & Co 6! Am & Brit Con_com.. i Am & Brit Con 50% pr pf units. Am & Brit Con 6% ’ Bankers' Financial Tr. 7 Niles Bem Pnd Bankers' Inv of Am. 5 Noma Elec : Washington_Gas No-folk & W Bteamboat Potomac Eiec. 6% pfd | Potomac 51.% ptd | prd ' NATIONAL BANK. | Cepital Bank | of Beth iwrce & Sn Washington ae .o ty Savings & Com i _Btreet 3 | Btates 5 Mechanics FIRE INSURANCE " wnion e | TITLE INSURANCE e ns Co of Md. com & Ross. Inc. com 7 Ciase Dairy fd Bt Farms Desry com But Pu airy pld Unlisted Department. (These sec ted under Exchange Asked 5 Hote, Co wton Bavings ton Title Insy ton Buse Ba Langd'n Bav B Dodge 6s.......... 69 Donner Steel 7s.... 19 iSast Cuba Sug 7%s 6 Gen Asphait 65 36.. 7 Gen Mot Ac Cor 63, 16 Goodrich 6% S Goodyear 5s rets., 22 Hoe & Co 6% 6 Humble VIl b Humbie O & R 5% s 1ilinots Bell 15t 55. intl Cement 55 48. Intl Match 58 47 inter Paper 65 int Tel&Teleg 4% 10 J Kayser & Co 5%s Kan G & K 68 5 y-Spring ¥ Laclede G 5%8 b2 Liggei&Myersisb Liggetl & Myers is Mid-Con 615 40, Midvale Steel bs Mont Power 63 43, Mout Power deb bs 40 Mor's&Co 15t 4148, 6 N Y Kdison 5p 44.. 23 NY Telstgn 42 NYTelostl...... 16 N Y Tel 6849, North Am Kdis b8, Pac’l & T 6w 62. Paramount 6s 1547 Pathe Exchange 18 Phila Co 63 67 wi.. B PhilatiteadCal b8, Phillps Fetro bis. Pierce-Arrow 8s... 10 Postali Tel & Co¥%e 45 Public Service 4 4% s 277 item Knd 6%s war. % Sinclair O1f 6s. ., \eialr Ol 6 lair Ol s tair Crude b4s outhwest Bell bs. ana OU N J arlstOrientels 4 Tennk 24 United Drug bm b3, 0 S Ruo Ist ol bn. . 4K b 148 U S Steel st Uran Pow & L eci’ow #a 47 Jnion s ngnouse hs. RepealAr 1%s Yngetn SET ba w i 2 107 104 102 120 105 1001 i 104 100 Ed 104 100 1074 110% 100 1084 1004 50 e 94 917 108 Y4 14 957 108 98Y% 9% 96 108 102 3 o 104% 190 10718 110% n 100% 103% 100 4w 16w v8Y B 10 i 1007 10 191 103 107 100 RAILROAD. Atchitson gen 48 Atiantic C L 1 & O Gold 4 B&Oavin 1 & Oref bo. . 1 & O bs 2000 D, | 8 & O imp s B&EOPLEWY 4 & OBWbe by | Brookiyn Klec 6% 1 lirookiyn Elev 6458 Ekivn Myeanat s Ulf 1t & PIE A Vs 1 4% BT Cannd North 6%4s. . | Canan Pac deb 4n Pac 4% 46 3 110% % 1074 1015, 101 109 't 978 e 1001 9Bl 1024 94k 14 1054 1078 104% 102 120 105 1004, 104 100 87 1044 | Y 109 1075 | 110Y 100% 108% 1007 9% 98 | 91 91% | 1038 94 140% 95% 9% 99% 102 1 eia & Den | Bankers' Inv of Am’ deb. | Canadian_Bankstocks Inc | Colonial Invest Shares | Continental Securities Diversified Trustee Shares Diversified Trustee Shares B... East Bankers' com 5 East Bankers units First Trivest A_pf. Fixed ‘Trust Shares Greenway Corp. | Greenway Corp pfd | Intercont 1nv 6% units | Insur_ Shares A 1927, In Bec Corp Am 67 {In 8ec Corp Am 6% bt | In 8¢ Corn Am A In Bec Corp Am B | Invest Trust N'v. | Joint Bec Cop 1 units | Joint Invest Tnc Mass Investors | Pacific Tnvesting | Pacific Investing pf | Second Fin Second Secand | 8hawmu of. dian Bk D. HOLDING AND FINANCI Amer Founders Trust | Amer Founders ‘Trust 6% pf Amer Founders Trust 7% pt Contin Fin Corp units | Credit. Allia oX Tt Fin & Ind ur | #in & Indus Becur of 5 !¥in & Indus Secur warranis. . 120 INSURANCE COMPANIES. | Aetna Fire 815 { Aetna Life 875 ! Am Ins Newark a8 | Am Alliance 550 | Am Reinsur 05 { Altomo Bulto-An H 8 J 8 8 &) K 8 | City of N ¥ Colonisl 8t Commercial C Caale | Fid & C; | Piremen’s Ins Franklin Gen Relnsur | Giobe | Hanover Hartfora | Home INY G [N ¥ Fire | Ningara North A Public Reliance Cas N J Springfeld Bluyvesant Life STOCK CONTROL RUMORED. NEW VORK, August 31 (#) It was w |reported in Wal' Btreet banking eivcles 10y 99 by Arthuy W. Cutten of Chicago, had the Loose-Wiles Biscuit Co, of Kansas City . Ohjo has 1,248 public high schools more than any other Stlale, | rectors of the Missouri Pacific Railroad |today that « group of financlers, headed | obtained in the open market control of | States total $84,250,000, compared to only $43,950,000 in the same week last year, McGraw-Hill Construction Daily reports. Public works, including street land road improvemen unt for $54,250,000 of the heavy week’s total The largest item was the elevated high- | way project along the Hudson River in New York City, for which plans were | | approved. MAY RESfiME DIVIDENDS. NEW YORK. August 31 (®.Di- | dividends on the rate of $5 | are expected to resume | the preferred stock at annually after the first of the vear. | No plan has yet been worked out for the payment of accumulated dividends on | that issue, which now amount to $50 a | share t is understood that the road's | charter and the, laws of Missouri pro- | hibit the payment of these back divi- dends through an issue of new stock. The problem may eventually be solved by a merger or @ recapitaliza- tion under a new charter | NEW YORK BANK CLEARINGS. | NEW YORK, August 31 (Speclal) | New York bank clearings, $1,115,000 | 000; New York bank balanc $1 000,000; New York Federal Reserve balences, §88.000,000. fFEDERAL LAND BANK BONDS,{ | peciai Dispateh (o The Star NEW YORK. August 31 15 Bid. Asked. | Muy 108838 o it | I ey o8 Shat BB [P T e 997 10000 100 " 100% | 100 100% | 100, 101 " | 100 $ 1001 W dan 1004 ] % iy fons; : Nav' i1 10000 100 Muy 1041 Woss 101 | GERMAN BONDS AND STOCKS 1942002 10430p33 Special Dispateh to The / YORK, Aug vt Red Loan with U per 100 1 M aer Govt "Red Loan wiihout Graw oifs per 1.000 1 M (Quoted lies e Hambri anoted 1 Ger Gen Elee a5 DI Ger Gen Elect 4% 1010 Berlin 45 pro-war Hamburg 36 3'.6 & 48 pre-w Hamburg A fcan Line 4lis North German Lloyd 4's Krupp ba 1021 | Dusseldort 45 yire-war Frankfo A-M 45 pre-war 50 Municl 5 pro-war b (Quoted tn_doliars per share ) A B G (Ger Ge Eiec 1200 A K G (Ger de Elee) ptd B .00 Commers and Privat Bank 43.00 |1 G Farben 120 00 Disconto Gellsehaft 47.00 Berliner Hand, a4.00 Beitiiche Bk per ioo ] utsche Rank per Darmstuedter Bank 63 00 Heyden Chem 11.00 Mereur Bank Vienna ¢ 0 North German Llovd 1400 Austrian A E G (Gen BIet).., 18 | ‘ ‘ | | d draw 35,00 Asked a0.00 | 4000 43.00 million marks.) 25,00 35.00 thousand murks.) ar 230072600 235 3.00 400 8.00 30 100 1.0 3L 128 50 8 Northe Pow.. ... 4 North O Pow C 6 Nor Sta P A 15 Northwest 1 Novadel Proce: 10hio Brass B. 1 Ontarlo Mfg I Pac G&E 1 pid 1Penn G & 5 Penn Ohlo Ed war 10 Peop Drug Store 2 Perfect Circle 2Pick Bar & Co pfd 33 Plerce Governor 111 Pigely Wigsly 5Pieg Wigg W A 1Pratt_& Lamb C 1 Pub Ser N Tl ris 1Puk S P & 1 1% Pue 8 P & L pfd 1QR S Co 15 Rainbow Luminous i Ray Bestoy ts Real Assn Bilyn 4 Rep Mol Trk_ vic 1 Rien R Con pfd toss Gear & Tool ', Sanitary Grocery 3y Semift Co ptd xd nited Behulte Un 2pd B Seeman Bros’ xd . i Shea e 7 8illca Gel vic ta NmT‘r Mg . 6 Southeast P & L n 38outhe P & L p ptd 7 Southe P & L war 14 South As 3 ou ¢ 15 South 1 8out 4800 G 3 Houthe 2 South d 0 Groc Ty 8tor i3 fould A G ro 563 Spanich & CGon rex 2 Bparks Withing 3 pencer Kelloge 3 8tand Inv 18 Btand Pow & Li 2 Btinnes Huko 10 Blute Motor ' Bwed Am Inv pid G 8wite Inul 1 Bwift & Co 18wiss Am Kl pid 38¥ra W Mach B 2 Thomps Prod A hman Realty on Al Trsp ns Lux Pict 1 Tilplex 5 Trilscon & Frubi A 8 R vie i Uni’ ¢ 20 Unt 5 Ui 26 Uni 13 Ui 1 Gypaum Ins xd rod & L vte' B an O B phd it & Hond' B Atson T Vi o580 eat Auto Bup A nter 1 dorp! ort, oodworth né 3 Young Spr & 18 Zonite ... Aales in hundreds 1 Hunk: 3 Cent 3 @resson Cald 20 Flov Goldfld oiden Wik MINING STOOKS, Hill Mines onter 26 Uni Lt & Reil 5iix 2Uni Lt & Rall 65 A 1U S Rub 6lan 40U P & L 8l 26 Warner Quinlan 85 8 Wheel 8tl ilas B Sales FOREIGN BONDS in thousands. 1'Adriatic Elec 7 o 3'Agri Mor Ba Ts ' 19 Akershus 5s 13 Derlin 65 1 Buenos Alres 7' 21 Com & Pr Bank 1 Cuban Tel 1.5 22 Denmark $1%s nmark 4! 90 9610 T 93 a0 9345 8945 9811 801 0 a8 101 7 Eur Mt & Inv 75 24 Frankfort 8'us 3 Free St Pru 1 Free 8t Pru 6':s 9 Gelsen Min 6 ons Mu P&t & West M Bk Finld o Hyd Elec tal Superpow fs ombard Elec 4 Mans{ M&S s 41 ww 4 Minas Geraes 61.s 1 Mor Bk Hokota 7 & Mor Bk Boko! 8 Mor Bk Chile 4 Mor Rk Denmk 5 Mor Bk Venetian 75 4 Munt Medellin 78 1 Muni_Medellin 6%as 5 Rio Grande 6 8 Rio Grande s ‘67 12 Rus Gov 8las ofs n e Fe City Ts a9 131, 13 901 9 8T 48 wa 7s A 6los A 12 Stin_Hu 16 Unt Elac 1Uni St W 17 Warsaw Ts xd—Ex dividend wi- When lsstied N Nes ww—With warrants COTTON IS QUIET. NEW YORK, August 31 (#).—Larger private estimates of the size of the cotton crop caused liguidation on the 201 % together with local and southern offer- iy caused an easing off after net advances of 15 to 18 points. ‘The private indication figures ranged from $13,900,000 up to 15,000,000 bales, reflecting wide difference of opinion The market, however, remained quiet, with active months holding fairly steady at net declines of about 6 to 10 points. Futures closed steady, 3 to 7 points lower; October, 18.78a18.80; December, 18.58a18.62; January, 18.58: March, 6 | 18.50a18.61;: May, 18.62 64. Spot 4, | quiet; middling, 19.05. I iz b DIVIDENDS. Pe- 0 o | B outler Hame N i ol 8] New York Cotton Market today, which, | | New Is one of the handsomest villas in the | Alban hills. Tt would be difficult to con- ceive of a more suitable and artistic setting for carrying on this important work. It was a famous Englishman who, when asked in the presence of a Scotch- | man what oatmeal was, said it was a 1111 | and to men in Scotland. The Scotch- | man_ replied: | “Yes, and England is noted for its horses, and Scotland for its men.” ~ Now comes the report that Scotland is deserting her oatmeal and is taking to widely advertised American break- fast food products. | (Copyright. 1928. by Noi per Allta ican News BROKERS' LOANS REPORT | By the Associated Press Loans to brokers and dealers held by York Federal Reserve member banks for the week ending August 29 were announced by the Federal Re- serve Board as $4,235,148,000, repr senting an increase of $34,017,000, compared with the preceding week. The brokers' loans total for the week ;g\:l;lo% August 31, 1027, was $3,184,- The detailed distribution of the loans for three weeks dealt with in the board’s report was: Aug. 20,1920 Aug. 22, 1028 For own account— $702,706,000 $808,873,000 $1,045,669,000 For account of out-of-town bank: $1,535,163,000 $1,512,603,000 $1,22: For aceount of others. $1,907,219,000 $1,879,688,000 Aug. 31, 1927 $915.478,000 3 shipra L IR New Radio Cirouit Opened. NEW YORK. August 31 (#)—The Radio Corporation of America an- nounces the opening of & direct radio clreuit from Los Angeles to Tokio. SHORT-TERM SECURITIES. (Reported by J. & W. Sellsmgn & Co) Aluminum Co. of Amer. 8s 1882 100% 1011 American. Radjator § 1,# B 9 Amor. %18 ol Co."ds 1930, ata 900 Anaconda Copper 10 1001 10008 Hlluo'l ‘:‘I‘l é‘l);! I?’ e g’ i 00 83 P bit oot s B l'iI‘l“' 1 Pt Corp, Cudahy \ b i SF SILITELTY o Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 Public Service Corporation of New Jersey Dividend No. 85 on Com- mon Stock Dividend No. 39 on 8% Dividend No. 23 en 7% Cumulative Preferred Stock Dividend No. 1 on $5.00 Cumulative Preferred Stock | The Board of Directors of Public Service 2 ‘D“-.O‘ N&'.{QMY has declared dive- at the rate of 8% per ansum on the & Clomuiative Freforred Siock. beine £2.08 pos ahare; at the rate of 7% per annum on the % Cumulative Preferred Stock, being $1.75 per | share; at the rate of $5.00 per anaum oa the non v valie Cumulative Preferred Stock, bewg fi 25 per share; and 50 cents per share on the noa L:! value Common Stock for the quarter ending September 30, 1928, Dividends are payable September 29, 1928, to stockholders of record at the close of business September 1. 1938, Dividends a0 6% Cumulative Pheferred Stock ‘are payable oa the last day of sach manth. T.W. Van Middicsworth, Treasures. Public Service Electrie and Gas Company Dividend No. 17 on 7% Cumulative Preferred Stock Dividend No. 15 on 6% Cumulative Preferred Stock The Board of Directors of Public Servi 1ot Stock of that € pany. Dividends ay Mayable September 2, 193 Focund oL he clowe o bininaes Sepuember 1. 020 T.W. Van Middiesworth, Treasurer,