Evening Star Newspaper, September 14, 1928, Page 13

THE EVENING STAR, W. D. C. FRIDAY, SEPTEMBER 14, 1928.° ‘SPORTSY "13' — NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 24 11E Rond & Sn Co El B & Sh Co pfd G F Dhvest e, 1Em Pow Cor. BEans £ &0 Fub Ser. Tt 1 Glen. Alden "Con 25 Conel A new 8 Golden Sta Milk &P T | lw. nv. g 88 Lake Super C 29 Lakey Found &M M1, S Hud war oore Drop Forg A L 108 pi xd 5 Corp.. &M Pow xd P pfd xd. 1 219 16 Ep: 110 Jvfimuur Kelloge 34 s Sples 3 Slerty P L 11% mfl’ 9175 S sl ke 138% 1385 31 9612 106 ° 106 227 215 10802 110 Oilflds. Gunt Gulf ouny, Prod xd i ‘Bradfora andem Oil Me: M M Nat Fuel Gas.. N Pa .,IJZ':',_“,——J.wH:-d- R 1 Woodley Pet . Sales in units. 2100 Anglo Am Ol "M(‘mm Go... 19 1834 STANDARD OIL ISSUES AND FORMER SUBSIDIARIES—STOCKS. 182 19 “ 1812 o 150 2 1 2 21% 126% 126% 2 847 8010 EISEMAN’S i a1 §‘,? 8t 84 80%s Sales i thousan: 5 Adri Baden BONDS. - g0 P A. LRI FOREIGN BONDS. ic Elec 29, 1 991% 10045 203 2 Parana 7s.... ‘iEXCHANGE SEAT $415,000. NEW YORK, Septomber 14 (A).— 1e of New York Stock Exchange membership soared to another new high record of $415.000 today ing the recent peak by $5 identity of the purchaser closed, The former record price of for the seat of Hm’lwr‘m K. Bird. NEW YORK PRODUCE NEW YORK, September 14 (Special). _Prunes from the western part of the |state sold at 90a1.00 per one-half bushel basket. i les on upstate New York an"r‘fl from 1.00a2.00 per Dills realized 1.5022.50 200a2.50, n the rough sold within the price range of 1.00a2.00 per two-thirds Some extra fancy well balanced however, again commanded as 5 3.00. of two dozen heads of big Bu&lon lettue d as high ver, : tate white cabbage sold in_ the bulk the basis of principally 35.00 per f the sales, POTATO MARKET S’fEADY. September 14 (#) (United cpartment of Agriculture) “Receipts, 63 cars; on tra otal United States shipments, 723 trading fair, market steady for ood stock; Wisconsin sacked Irish cob- lors, 70a1:10, according to quality and PARIS fiofinsn PRICES. PARIS, September 14 (f).—Prices moved irregularly on the Bourse tods per cent rentes, 67 francs 40 cen- 5 per cent loan, 94 francs 15 centimes. Exchange on London, 124 francs 19 centimes. The dollar was quoted at 25 francs 60% centime; Power Output Report. NEW YORK, Sc‘p!(‘mhl‘\ 14 (P) | Power output of Engineers’ Public Serv- ice group for August was 14 per cent more than in August, 1927, reaching 668,000 kilowatt hours. Subsidiary companies in Virginia and Texas pro- duced the nn_ym pulllun of the increase. New Orga mzanon Formed. NEW YORK, September 14 (#).— Penick & Ford, Ltd., and American Mo- lasses Co. have formed a new organiza- tion to be known as Pan-American Molasses Co., which will buy molasses in its territory and scll for export. The new company has plants and facilities in Cuba and offices in New York, Lon- don and Havana. C. W. Taj dent of American Molasses, will be pres- ident. Steel Outlook Bnght NEW YORK, September 14 (4). enter the fourth quarter with larger un- filled tonnages than at the start of the third quarter, Youngstown dispatches say. A firmer price situation is develop- ing affecting a range of products in semi-finished and finished lines. Seventh and F Streets | 1ation for the ri: 5410.000 was paid by Adrian Ettinger | wholesaled as low as 25 | ac steel industry of the Middle West wm. I'serve balances, CURB PRICES SOAR INHEAVY TRADING _— [ Spectilative Element Renews | Operations for Rise in l\lhny Groups. BY WILLIAM F. HEFFERN Special D ch to The Star. NEW YORK, September 14.—Spec continued unabated throughout today’s curb market session. Once more the speculative element completely ignored the sizable increa in the latest weekly brokers’ loans state- ment and bid prices up with the abandon that has been characteristic of the operations for the rise for more than a mont tecent buying in several high-priced speclaliics had decreased the floating supply to such an extent that prices rose spectacularly when buying crders came upon _the market. One of these was Royal Baking Powder, which at 209 vas up 39 points on the day and a total gain of 73 points during the past . Today's improvement also took into consideration the 2 per cent dividend deducted _from the price. Rumors were curreht of the possible ion of the company by Postum Co. Safeway Stores moved forward to a new top and the new Melville shares reached their best at 6812, Enormous Turnover. Aluminum Co. of America at 150 compared with the previous final of 148, while A. G. Spaulding reached its best at 219, a gain of 4 points. There was another enormous turn- over in E. W. Bl arrying it to a new high around 45 as against the previous close of 39'.. The demand had as its incensive the entrance of the company into the airplane industry. A newcomer which attracted consides able attention was McKesson & Robbins preferred and common stock. A block of 193,907 shares of the preference 1ssue was offered for public subscription | terday at, $51 a share. The stock sold in 4he open market above 54 and the common went along sympathetical There appeared to be little or no stock for sale of Sydney Blumenthal. Under an urgent demand the price reached a new top of 49, a gain of 3 points. Golden Center Mines again featured the low-priced members of its group, advancing to within a fraction of its former high record. Announcement was made of the acquisition of three new propertics, two of which are located in the Sturgeon Lake district, eastern Ontari Lake rict. It was also reported that its 50,000 acres adjoining St. Joe Lead holdings in eastern Missouri a3> on a joint account with Anaconda Copper, Wwhich is undertaking the management and prospecting the property. The oils were helped by the advance of 5 to cents in Pennsylvania crude prices. Gulf Oil of Pennsylvania, Barnsdall warrants, Standard of In- diana and Humble were the favorites Afternoon Trading. Trading started in the afternoon on the 750.000 shares of common stock of Curtis Flying Service, Inc. The is- sue, while not publicly offered, was widely advertised and an urgent demand immediately came into the market. The first sale involved a block of 10,000 ares at 19, after which it was turned in heavy volume between this fig- and 2 . NEW YORK BANK CLEAB:INGS NEW YORK, September 14 (Special). _New York bank clearings, $1.216, 000,000: New York bank balances, $137,000,000; New York Federal re- $125,000,000. smartnes showing is complete. lent day to make your selection. —will be satisfactorily arranged. Dress Up This Fall on Our Liberal Credit Plan Small Weckly or Monthly Payments Hundreds of New Fall UITS TOPCOATS 25 30 ON LIBERAL TERMS Come and inspect the beautiful Fall suits and topcoats we are showing at these popular prices. Txamine the fine woolens and notice the excellent tailoring. Yeu will be impressed with their , and agreeably surprised that clothes which really appeal to you cost so little. The Fall Saturday will be an excel- LIBERAL CREDIT TERMS or monthly payments will do: ask for credit. '35 Small weekly Don’t hesitate to and the third in the Kirkland | { LEAD STOCKS DECREASE. NEW YORK, September 14 (#).— Stocks of refined lead in the United States and Mexico on August 31 were 52,381 short tons, against 53,868 on July 31, the American Bureau of Metal Statistics reports. Production in both countries was 75,285 short tons of | crude, 73,220 tons of refined and 1,620 of antimonial. July output was 68,790 tons of crude, 71.185 of refined and 52 of antimonial. I T & T. Earnings. NEW YORK. September 14 (P).— International Telephone & Telegraph Corporation earned $5.02 a share in the first half of 1928 on 1314998 shares outstanding on June 30, against $: a share on 962,966 shares outstandi in the first half of 1927. Net income rose to $6,600,354 from $5,736.349. The figures do not include resuls of op- erations of the Mackay system, as the stock issue in connection with the mer- ger became effective July 1. FARE INCREASE SEEN. 10-Cent Charge Is Predicted in Baltimore by December. BALTIMORE, September 14 (Spe- cial).—An increase in carfare, possibly to 10 cents, will go into effect at least | by December, it is believed here, fol- lowing the refusal of Justice Louis D. Brandeis of the Supreme Court to grant the Public Service Commission a stay in the hearing of the depreciation al- lowance issue in the carefare case. The commission, in fixing an annual | depreciation allowance of $883,000, | bases its conclusions on the cost of | the company’s property, rather than its | present value of $2,200,000. The latter | method was held correct by the Ap- | pellate Court. Officials of the United Railways, | ¥hich controls the trolley systems of Baitimore, have cxpressed the belief | that the increase in the depreciation allowance will be sufficient to raise the fares to 10 cents. It was testified dure ing the first hearing of the case Pegbry the Public Service Commission that; ¢ 10-cent fare is the economie limit o1 a trolley ride today. CLH L Market for Steel Bars. NEW YORK, September 14 (#)— The Midwestern market for steel bars shapes and plates will range from 1.9¢ to 2 cents a pound for fourth quai delivery, against the asking price 2.10, cents in Chicago. Producers enter the fourth quarter operating al 180 to 85 per cent of capacity. Glass. Firms Consolidated. | NEW YORK, September 14 (#). Acme Glass Co.. makers of glass bottle and East Glass Co., distributors of the product, have been consolidated into the Acme Glass Co. 40,000 shares of the new company per cent cumulative participating clasé “A" stock will be made shortly. The Store for Thrifty + People The school suits that every mother wants and every boy likes, Tans, grays, browns, blues and so on in the newest models and weaves. herringbones knickers suits, g and golf suits. in golf and Sizes 28 to 36. FAL R LR Children’s Scheol Hose for boys and girls. and jacquard designs large range of new colors. Sizes 6 to 1174, 9 Children’s Derby * Ribbed Hose These are in all the new Fall colors and black. Sizes 6 to 914 Boys’ School Knickers Golf styles; sturdy fabrics; well made. Sale! School Prints and ginghams in a wide se- lection of styles suitable for school and playtime. real value. New 50c Fancy Golf Hose Fancy in a Fall 25¢ Continuing Washington’s Greatest Sale of Men’s Woolen Suits ($17.50 to $39.50 Values) RRY KAUFMAN 1316 -1326 Seventh StNW. SCHOOL DAYS HERE Our Opening Special Boys’ 4-Pc. Suits 7 95 Unusual Values Included are popular hard-wearing plentiful array. Two- knickers and longie Boys’ Fine “Tomm’y Tucker” Blouses & Plain and fancy colors, full-cut and fast color. ery blouse guaranteed. Sizes 8 to 16, 85¢ Boys’ $2.50 Sport Sweaters Beautiful, fancy Pull-over V-neck Sweaters. $l 95 e Girls’ with collar These dresses are a white Girls’ Pleated Skirts and Middies § Smartly pleated; sizes 6 to 16. S bodies; blouses 6 to 20. Choice of @ who go in for school activities. Girls’ Felt Hats and Novelty Tams, $1 Have You Gotten Your Boys’ & Girls’ School Shoes? High or Low Shoes 1.95 $2.45 85 to 2 45 ideal styles of strong, sturdy high and low footwear, Real service shoes for rough wear. pair made with guaranteed all-leather soles and rubber heels. O RTOTTON Your Charge Account Is Invited . Sizes 8 to 18 middies | each | tailored 3 rows white braid on and cuffs. Skirts deeply rts with or blue. Extra wear for girls 2V, t05 made in black and brown. Every 10 & 15 Look for this package It contains the origmal ~~If not from this package it is not the ‘ORIGINAL WHEAT As Made in Shredded Wheat Factories for 34 Years The whole wheat, nothing added, nothing taken away—made digestible and ready-to- eat with milk or fruits. 12 ounces 12 full-size biscuits