Evening Star Newspaper, September 12, 1928, Page 13

AY,” SEPTEMBER 12, 1928 | 421,402, from $7,824,667 in the same peds. RB I 4 e S B B U. S. TREASURY RECEIPTS. Southern Grocery Stores Sales. | e Frank; Blax ... s b __(riod of 1927, up 204 per cent. Loft, L derpii B g l Treasury receipts for September 10| NEW YORK, September 12 P.—|y 0 " oioved 4,582,200 o6 eight’ were $0.775,964.03; expenditures. $18.- | Sales of Southern Grocery Stores fof | months. Against $4.855.413, a decline of NEW YORK, September 12 (Spe- | 059.695.65: balance, $127,446,73 eight months this year moved up to $9.- 7.5 per cent. K b3 BEC Goms Mun 66 a0 2 ; ote 0. | cial) —The report of American Tele- | = — e — — = = 7 Timk D21 21t 21 Ww % | phone & Telegraph, as submitted to | 3 : 2 834 | the Interstate Commerce Commission. Market today: | o o o o 3 p xd 4 & 1 | Sales INDUSTRIALS. r! .. < - Y v 19 shows July gross of $7.949.241, com- ! dred; High. Pi L 2 3% | d 28 51 [ ) .. - o | ¥ Heavy Volume of Sales Re- | B Reeral Prod A . L ¢ tl LA Uima"Geradt #lis L 3 B B | pared with $7.904.194 in July. 1027, and | ; ecu rl le s ul ln 1 AN ] P Mt T B Nor B Botona " A1 AL 01 operating income $2.695.067, against | '+ Aeollan Ca ptd o 8 n Can.... q | Mor Bk Bokota s | $3.191.932. For the seven months ended | y ~90 15 7 corded as Market Holds iAerosup M A 3 B g 3 e i ?ifi%"&fifi'“‘m L 188 10" 103" | Juiy 31 gross amounted to 856.444.77 | -2 e 729 15th St. N.W. 3 5 B a 8! e 1 e e e G contrasted with 442,845 in the same Bullish Tone. LA Co Amer T 1 gn 8 goalste: s e 2k 7 Muni Medelitn 8125 23'4 034 93 ' period of 1927, and operating income o X i Lt & P A % 8% 2 1 Par 7 e 3'2 53': | was $21,619.837. against $23,359,356. + gl B In the Heart of \Vashlngton s Milk 11 Santiazo 7 10 o | ) - | i p [ hiy :e g ;(;'ln-”m. A s 1 . 1_Y i New Bond Issues | : s 3 Wall Street 1 Ed il Plec Shoe NEW YORK. September 12 (Spe- A I cial).—Publie offering is being made | y ¢ ° today of the new issue of $4,500.000 | B R A Dye Wks.. M C A0 . BY WILLIAM F. HEFFERNAN. p-cial Dispatch 16 The Star. | NEW YORK, September 12.—Another | 21 Amer Raron demonstration on the side of advance| *3Amer Roll carried today’s leaders on the Curb Ex- | change up sharply to new high prices. | T, 555 3 What was more impressive than the ex- tent of the price appreciation was the volume which accompanied the upturn. | 222 2oggagadacaadag: Department of Cauca Valiey (Republic of Colombia) external secured 7 per cent sinking fund gold bonds maturing A limited amount of office space It indicated that the buying power back | 19 APSio, 5 | = o B Togg & Co., of the market was still enormous. 1 1Asso Dye & Print 7] 18 Walgreen war ., 35 3 {FEDERAL LAND BANK ;':2 ply;q:iggio?: &aésr. l‘;;t’ugnds are Public utilities, mining issues, shares| 13Asso Gas & El - 1 Atlas Piywood 1 wamsutta Mill® i | Special Dispatch to The Star. priced at 96 to yield over 7.38 per cent. mn tl\lS desxrable new bu:ldlng is now of amusement companies, Industrial| 14 Atsarn Aute Co Tl 8g" LTI g 291, 3 | NEW YORK September 12.— g ey nr X B : e 3 . S. W. Straus & Co. offer issue ] 1 1 Land Bank s May 1958-38. e e = 2 available to tenants requiring at wpecialties and practically every group | 2 Axton Fisher A ... 20 ' 25 29 A e in the improvement. Gains ranged| 310 Bancitaly ’ § | 1 b anywhere from 1 to 5 points, with the| 1Bastian Blessing .. 30s '3 N St 137 112 My 193 | trust 6 per cent sinking fund gold LR least 1,400 square feet_ W e 11 Woodworth Ine....... 3 3 " ) Jan 1041007 priced at 99 to yield about 6.10 per | There were two outstanding excep- 30 Zonite . - 3 CALL MONEY FIRM. y O : 1 gl e o ker HII # One or two tenants to the floor only. & concerning the future dividend policy ! 2 Cons Cop_Mines 71,: time loans firm; mixed collateral | £ 4 EB ores ‘Eaper (11193 98 102 | peperted by J & W Sel & Coy rime mercantile paper. 5'4a5'5. clined to take profits. ! S Wyam 20 340 TRaU B Ui bl 4 2| pat Rt il Lt Fote unchasg 1, 7 Ci con % P oA 5 9 . ) final of 1411, to around 127. Dropping oo i B 5 2 g E E 23233 | Postum Firm Seeks Expansion. »nd mew earller in the year had been | ' Cen Aguirre Sif: i 53 * 153 R 130" 200 a9 | Baking Powder Co.. Chicago, confirmed 1 Nipissing 3% 3% Mfx 13000 with the exception of the oils shared e . 1 Wheelirg Stl pr A 'xd 12612 Balab & Katz vie . 82 82 3 Whi Sew M deb ris.. 1112 2 | fand k 9 ham, N. C.) first mortgage collateral 389, 3 3 Winter B J.... 123 13 R o volume of business indicating that total % Bt Cncery Bl . - 30 CR N 3 9 Wire Wheel Cor e 3 o 94 00'% | bonds maturing August 1. 1943, and sales would be well in excess of 600,000 | N : 3" 4 Worth Ine A . 2 b . : shares. | 3 L T2 0% 8 Younk Spr & Wire.. 3% 78319 35 i cent. » | 10 e B | K 41 ? 1 : tlons to the general trend, Bancitaly 1 » 0% | Salesin MINING STOCKS. jand BaDk 400 &1 i Corporation and Gobel new. Wall| 4 Brist Myers. - 18 b hundreds. 126 Bank & Juiy 19540054 Street had the announcement, by Presi- 1Brit-Am Tob B 3 1 Bunker Seiler % Davs 125 125 125 ank 33 Moy 104103 NEW YORK. September 12 ().—Call | dent. Glannini of the former company | 11 Brit-Celanese 'Lid’.. : Bt Am Minen o R .la_‘n“"“ Bl b I 1et ol | money firm; all loans. 7'a: closing bid. | of the company, and with the news out | LY Y 30 Bieide Extens (11108 08 TREASURY CERTIFICATES. | 60’90 days, 67a7: 4-6 months, 6% 4 . of the way speculative holders were in- 1Dal i Offer. | * Bankers' acceptances unchanged. The price broke from the previous' 12 ¢ fRicy 4 7 Golden_Center M e e il | - ok A to a new low since listed. the new & Gaterpil Tract 10 8 ° 80" BN 830 8% 8% |3 £ e 3 a0 i 5 R Gobel shares were reflecting the | 1 gy e 36 od Bas Min & S H 3has Mar. 15 1037, e NEW YORK, September 13 u@.—| §i 4 B it . easona e enta S opiniop that the upturn in the old| j = 4. s HitroafORbROTpper % 7|30 i 2 Warren Wright! president of Calumet | A carried too far in discounting improved | 3 Sent Eip Cor ... AL 13 Newmont Mining ... 18612 18472 1837 ; ici rts that Postum Co. was negotiatin : earnings and_expanding operations. poent mb AL L0 mel el el | LpNeRman SO it ol " it | Consumption of Electricity. fo acquire. the company. i 2 & Cohn-Hall-Marx was one of the 1C G Spring & Bump. % 8 o e 5378 NEW YORK, September 12 (#). o * strong spots. advancing some 5 points | 18§ Ghe Mfe . G 3 G Mlg i S : 2 oo Cop, 23" 3 a0 | consumption of electricity by manufac WORLD ZINC OUTPUT. i 1Git S P& P to 60, following resumption of divi-| 30 Cohn-Hsll Marx 60" 4 20 Parmac Por M Lid 2., %, | turing plants in_major industries in dends. Ravbestos also responded with| 122 Col Graph ... 3 7 N 2's ,2' August was 7.6 per cent greater than| NEw YORK, September 12 (P).— 2 new high to the favorable report of | ;i3 Gomats, Fal e ¢ De v lectrical World | i ; 41 4 z h Ed..... 1 138 3 L in August last year, Electrical World | world output of zinc by leading pro- first half-year carnings. Others that 1 Eommonw B pfd - S B Am Gold & B 3 '3 '3 | roports. Statistics were received from | quoers i puly. was 124,405 prieth o « went to their best prices included E.| 7 Commonw P ris. 4 Tech Hughes ..... a a . han 3:800 plants. The rats of | oorirs 24, i | W. Bliss. Sidney Blu thal. St 24 Cons Auto Mer vtc 212 30 Tonopah Ext . 8 2 s 0N et o1 | against 123,922 in June. the American | 4 : 3 ss. ) menthal, Stutz 414 | general production was materially above | Bureau of Metal Statistics reports. The | E % ol Motor, International Printing Ink, Uni- Eonsol Biry B ] b i Eane Miin 1437 K St. N.W. Main 3830 2 Consol D ) 3 10 Uni East Min o | - | S versal * Plctures, Curtiss Publishing, | Consol Fim 5, 31 Uni Verde Eet 3 15" | the hveree el the Summer period of |only countries reporting August produc | Curtiss ~ Aero Rights. Ph: i 3 Consol . 1Utah Apex .. 4 4 | previous years. tion so far were the United State: . ights. elps-Dodge, | 12 Consol L. 6 8 Wendon Cop 21 , . — 52,157 tons, against 50,890 jin Jul algreen and Electric Bond and Share, | 1 Cons Ref Stores ; 28 33 Yukon Geld Cans X iinst 5,510 i The last named was turned over in' S mers 'Co . 6 2 Yukon Gold § i Ttaly expects large olive and fig crops | Canada %13‘15 mnxsé 71:29|ns: S/ “‘mn heavy volume, 1 Eohrtauigs 1od" 3 312 | Saler INDEPENDENT OIL STOCKS. s ye A% July, eud Belgiunt 161148608 Other features “included Dominion | Crocker, Wi 21" 21'* | in hundreds Stores, up some 5 points, and many of o 5 b B 17Am Con Oilfids...... T4 1 ine mining 1ssues. the latter influenced & i o I L bt y A NERERY AT E51 by the pronounced strength in this| 1'j Gurtis Bub -1 b’ iis! 7 ol - » < SR VEL J 170154 cinss-of shores on the Stock Exchange.| 33 guriee A% oris wi 4 Curtiss Aero Exp. . 17 Davesa I GERMANS DISCUSS | 5 | ot, & 8h Cor REPARATIONS PLAN| : El ers - Consider Ways and| 1s1El incest e Axminster and' Velvet Rugs Terms as Low as 50c Weekly! | Room Size Axminster Rugs Room Size Seamless Axminster Rugs 9x12 feet and 814x1015 feet. An ex $ 85 9x12 feet and 8/1x1014 feet. A good $ sellent wearing and beautiful rug for the = quality rug in a handsome variety of 33&5. price: wuy - colors:andd pattErnSt ... co0's dnnivmni e : 3 0 Mex Ol Meéans of Meeting War 1 Evans E 8.0 s s 35 Mouni. Brod 2 A lt' N K 7 4 Nat. Fuel Gas i nauities. 1Fedders Mig A 1. 2 Ry ez A 1] Federal V-ats e = 3 Eiitn Thavee M 3Y JOHN F. SINCLAIR. i h to The Star and the North | ce. R “erican Newepaper Allian: , 3 NEW YORK. September 12.—When| 677 Fo; ‘ 1% 30 ° 30% 1 Ve lan Pet the 1,700 bankers of Germany met this | 1 . h & h Wileox 0% & week ‘at_Cologne, one subject occupied | % o 1 Woodies Pet . :hm “{1,","":;,(,‘;’.{.!',,},’.,' cryenh e om0 — e R R snun:ufi OIL ISSUES AND_FOR- o pay $600.000, reparations 3 Ges - oo, ES- & g Which, under the Dawes plan she will | B by 8 lnage] ol it MR ASIRIDINRIRS S CIOORE. be required to forward to the allies this S ANl At o T 18w vear? 3% 2L 2% Herr Hagen. a leading Rhenish banker,| 12 Gen bon ser’ Sy 8, says: “An honest attempt must be made | 3 Gilbert ... 7% in meet the Dawes standard annuity.” . 8 o He declares that Germany’s most saluab'e assct is renewed international| J Goiden Sua Milk confidence in Germany’s power and el Nk 2 credit, and that everything must be| ket l B pd X.. done to maintain that through the .. world. E S 200 B 1 30 prairie Dr. Schacht, the unusually able head | ; : 30 Solar Ren '; 600 South Pen: of the German government bank, and 1 : 3 I mg%xna' O MCH SR N G R e e e e ST T Y oN High-pile Axminster and Fringed Velvet Rugs : Room Size Wool Brussels Rugs Room sizes 9x12 feet and 814x101% $ 85 9x12 feet and 814x10% feet. All the s feet rugs of enduring charm in Oriental, 3 —_ latest designs and color combinations. 18& conventional and all-over patterns...... Speciallys priced.. .ot cni s in the man whose influence in German H > 3 1, 4 00 8 O Kansas | government banking eircles is compar- c ; A L able to that of Benjamin Strong, gov- . % 8% | 300 Vacuom ” Gil ernor of the Federal Reserve Bank of o male 3 New York, in the United States, like- 3 ] T housangs. BONDS: wise spoke. But discreetly he haa 9% 9 i 13 Abitibi P & P 5s A.. 90'c 90's 90 | nothing to say about Germany's ca- a g> N e A B B pacity to pay reparations. Among s 9 8 ‘i . 102% 1029 thoss “in the know,” Dr. Schacht ix r 18 4n e 1o 193 10 considercd one of the strongest central | 53% 5 s & EI 5 967 N e 7 bank executives in the world. Intl Froa pri i 3 Am Ro sat 100, 108 10 0 27x54-Inch 36x63 3% Tapestry Carpet 36x63-Inch int] German bankers were in agreement 7 e r i 9t . s & {hat 50 far s the Dawes plan i con- g ar 14T 1Am Thread G 6a: 1100 * 100 100 Axminster Rugs Axminster Rugs Hall and Stair Runner Mottled Axminster Rugs o 9 19 cerned: the critical test year had ar- A 004s 1000 100% P b g rived, and that a sincere effort must 1 8uper “hrts 6% 6 6 A & L 8500l 9T 97la @ J : ! atterns and colors to match < AnvalEoyer desion -excell be made by the banking and business 1K C (A" s s 4 A & LS 0l 00 101" Assorted patterns and colors. large rugs. Attractive patterns. qislic cllent interests of the nation fully to meet the ; : M 5% 151, 15 7 Atins Blyw 5ias. . . 10815 10815 10815 ¥ Lest, 38 Kimberley 5 1 ag 106% 106% 1083, :‘lkt:h :lfl"‘s gr!l 340 340, 340 . RQ 9 93 The 0 industry, growing rapidly | 17 Lackawan Sec . 17 Boston & Me 5s AC.. 98' and as 1ing 2 large place in the life § Boston Cona gas v 102 of the American people, is not yet o through with the Government. Or put it the other way around. For the Unit- rd States Department of Justice is : = about to file other suits against several .. 37 2 ' erv 5s 95 94t 94t of the larger film producers. i 1Cit Berv 03% 1037 1037 Intimations f{rom Washington _arz armon Mot . 9% 4 11 Git Ser Gas Pip 8. that the new suits will be far reaching . g 1 S i erviraw Blas. .o in their efforts—“comprehensive” is the » Besae il 3 A T word—dealing_ with the whole matter elv Shoe n. 3% 6" e 5 Com &”'Balt 65 A of the regulation of this new industrial 2% 2 Y n s giant—film production and distribution. Basically. it all turns on the point - whether the movies are or are not 2 - 1Benv & RGLW 638 ;1 63, 52 T & > = - Q luxury. The Government conten Modine Mfx ... 5 5 . 2 Dix Guif Gas 8125 A. 94 = 9314 93 > 2 = ~ — Al they are not, but that they are an e M L 97, 38% 3 8 Empire O & R sential in the education and spiritual | 3 o oh 68 T S il 58 9614 = 2 1 Gevelopment of the people. and thereby | 33 Monte g 0 i B Rl T S t “ubjcet to regulation. Undoubtedly the ; H = 2 0 e e a e 9 r‘r:u;vg will bf called upon to determine H - ik gige s - D e # ep m r O all e S a e Weal finally just what place the movies legal- Rt R i 2 8 o Iv occuny in the life of the peorle. : : “ad, "3, “af . e T e ¢ 64-72-Inch 64x76-Inch 66x80-Inch 66x80-inch Cotton- Copyright. 1928. by North American News- T e T s 1027 103 98 ' 98 o . 5 v 58 98 8 4 B er Alliance.) ko J 1 0 10 10 3 - 3 ? Baoer Al te Jou % 1 1g o4 1o 108 = Single Double Part Wool Part Wool Filled PLANS TO BE REVIVED | 1% ¥uffibe i " hahiry i B2 HG § , | 101 ] — . which has kung fire for several months, N e D en el Lehigh Valley and Wabash and pu 3 O Sl e 2 Lone Ster Gas 55 "QE‘:j 2 toree fpme pat- | ers. Special f-ue again shertly one another across the table since last §NaL nub B a5 9x12 Foot Felt-Base ENYP&LA4: 300 Wabash at a cost of 8106592757 | § B0t "athet B it U ol idpguen th Tson : 2 %0 4 ; EASTERN RAIL MERGER i, 8 SHSEL | r Blank Single ‘ o ; ond Fub sl L8 ; —— 3 Blankets Blankets ankets i s E Blankets Comforts Special Dispatch to The Star. | 2 Nic) var.. 52 52 52 11 5 — NEW YORK, September 12.—The Sl 3 ifatmasiey segl 15 100 00 i & = $.49 Fastern railroad consolidation plan o Uiy E $ia 10, [ 5lnvest Corp Am ¥ 9t 4 = ~ : 28 I 64 4 it 4 ) or since the Pennsylvania Railroad se- Mide ofé vot= O s c e r ] i . % : Yy &ra olorful cov- cured contral of the Loree holdings of 2 Lone Star Gas 7! ton in plaid ef- Of cotton, in forfull-size handsome pat- hased additional Wabash stock in ¢ A prd g ; S 302 103 e f L % Spen market, promises to become & live i Ed £ N E [ fects. plaid designs. beds. size beds. value! The executives of the four xyx{lem; n Salt . N B% A 9 9 1 o nsolted in the merser have not faced | 3 Ri0% Y, 3w amd 3 15 RaL Rl STl : ! Tapestry Armure Carpet 5 i Sbring. when negotiations were Suc- I R A g = 25x50-Inch Hit-and- GUARANTEED denly brok\n off following the an-| 18 Bk B 0 10, 351, 3 (LR TR P R I IERE Sweeper Miss Rag Rugs . nouncement that the Pennsgl\';‘nln h‘ad W:;'fl,w“:v:,;;yA 4o & A 2 102 3 | F lt B i H 4 hio Pow 4! 312 03'2 93 acquired control of the Lehigl LA T S UNERE T Y 1%1(:)“‘3;;: i s 10 e - ase ugs The prices paid by the company ir 1Pittsh_ & S e umd . oo TR o .98 oraer to sccute the holdings of thess | 2V Pitts Pl Glass. ... 371% 283, 21 i 100 i ; .98 fwo stocks were considerably above RO T i T &5 - 3 . Pair == ——— 95 those now ruling in the market. They | Vi Proct & et am 2m R TR 25x36-Inch Hit-and- a ks f . that they blocked 4 Prop Silk 5 38 3 Eotom . o e 3 6 T oropotal by which the Wabash was | 1 Ribnt Dh 28 Richid SN St 10s. 1o, ¢ : Hygeno make, A Miss Rag Rugs 1o pass {nto the hands of the Baltimore | R . s | 168an Anton P 855 B. 97 . 96%a 962, 3 ) 1 lot of new patterns and colors, 3 A St L Gas & Coke 65. 941, 042 44 Sa §3.69 a pair. 3 b dependable sweeper First quality (no seconds). Made withoy & 'Ohio, though it is understood that | 4 G, &0 @) S Gas core 6 o ¥ L 2 de without { b borders. {entative arrangements have been made : 2 Ll B TR i Fringed: Winidovw for gencral house ? < a and the 1 0 1 3hawsheen Gs ....... 9812 981 981 3 » = : between the Pennsylvani 2 wsheen (80 sm g6 . Yotk GoldiStalandiSIsaness s ing to the ceeee Ve 4T85 AT% 5 Sloss Shefl 65 Nickel Plate interests, looking 2 " 51 i b o T Panels by the fe to the latter of | 1 8afew 8tre Opt war. . 58 3 Y ¥ | i e o o the et o % S R v S £ i | 98c cucn Felt-Base Floor Covering ¢ % X | eac Bantiers ane ) ; Intistent demands on the part of the| ' SONR"T e e &0l Cal B & Cal G 58 '37. 5 Interstate Commerce Commission that srsa i S108 : X \ e % the Eastern railroad men come to an| 38eman Beas . ... Mt % § 1dou Gas @as 0 e Of lace In & variety of 84 (2 Yards Wide) ogreement and formulate &_conctete| 12 8ery Bi'n wie. .l g alen Mg B e . patterns. Deep frings S d plan for consolidation |(nsshran r:a‘wv; b i 3 PaL 6 A o C q- y . put forward the date of the meeting = o ! : d Rais i g o 3 a1 which the whole situation may be | . : 1 UROR Gose 00 100 aana tadr Fringed . Cut from full rolls—every yard perfect. ditscusse rior to the Pennsylvania | 3 - ranse 1103 ) . pirchaces a' deinle scheme had been LA I i e | Window 6x9-Foot Felt-Base Bordered rurlned for dniding up the sk e | 4 it n BT - B 2 4 Coig i g Panels e Rug territory between the Big Four. This involved the purchase of a controlling | (Perfect) aaaace: Eman=2 3 k & L 5 3 301, 3a1, 3 Va El & P 51 9 99 99 interest in the Delaware, Lackawanna ; ‘:. 3v'.""" Fow 8t A | $ 1 2 9 8 s | and Western, as well as the Wabash " ; rner Quinian 1h% 1z 14 and Lehigh Valles. The activity ol G sounwE & Lo 108t 108 8 | 18 Western Pow S¥s AL 101% 100% 100% . | il Excellent quality —and 7th an D Sts the Taplin interests in connection Wi outhw Strs 12 2 4 newest patterns. b pittsburgh and West Virginia and Soald A G & 1 ieaihis aBl et Sl b b L & G Wheeling and Lake Erie and their plan - . 1 AN Mor B 7 s gate g for an cxtension of the former to a 31, a1 ST Tleel connection with the Western Maryland. | ° 9 . 9 , iy now under way, has stimulated the s Tnv : oo 3 21 w2 S = oS heads of all of the competing lines. | 4 are It s l = E — . S — T i 1 Southerlang Fapes ' 20 28 2 05 _Aires 7' 1004 100 : — - &ilk clothes for men are being advo- ! 2 : 3 Qubas LA 1k 100 I Ol 0 e e YAD NATEVYARY ¥ & B 11 Denmark :ITge0r 109 283 < N’W&A\« R ;‘T‘\‘}“"P‘I VIR VAR AR AP TR A W B Engieno 1R At 00 W7 bt dy DD Ak b i 1Y