Evening Star Newspaper, September 15, 1928, Page 15

FTINANC AT, ‘THE EVENING STAR. WASHINGTONXN, " BONDPRICES FIRN | Lz omx_BONDS s v Received by Private Wire Direct to The Star Ofice IN QUIET MARKET St. Paul Adjustments in De- mand—High-Grade Rails Featured. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, September 15.—Al- though the market was quiet, as it gen- (Sales Sales. Lib3%s... 10 Lib 1st 4 ‘Ll 47 Lib ¢th 4% US3%s 43 2 Sales. Argentine 6s Ju 69. 10 Argentine 6s Oct39 10 Argentine 63 A. Argentine 6s B.... Australia 4% 56.. Australia 63 1955.. Australia 55 1957 4 Bank otChlle 63s. Belgium 68 Belgium 6345. .. is 148 1016 Loy 1014 UNITED STATES, re in $1.000.) High. Close. 9828 9820 YR 28 10030 10030 100 30 1016 9826 9826 9526 FOREIGN. High. Low. Close. 9% 105% H8ly 96% 97 974y 1004 105 103% Sales. Den & Rio G cn ¢s.. D R10 G West 5 Erie 1st cons 4s ErieGend4s.... Erie conv 43 A. s rie conv 4s B. Eriecvt 5867 wi,, ]m. East 814, Gt Nor 4%s 76 D. Grt Northn 4%4s Great North 5s. . Great North 5%s.. Great Nor gen 7s. Hud & Man aj 58. Hud & Man ref bs. . 111 Cent 4s 53 111 Cent 4% 5 66. .. int Rapid Tran b8, Int Rap Tr 5s stpd. High._Low. Closs. 90% ” 9015 9 | Activity Is Continued as Nu- D. PRICES IRREGULAR | § INCURB DEALINGS Sal merous Advances Are Scored for the Week End. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK,. September 15.—The week ended on the Curb Exchange with hundreds. C. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is a list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIALS. tarey Hish. Low. Close. 1 Acetol Prod A. 2 Adams_Millis 1Acro Sup M 3 Allison Dr B.. 2 3Am & For Pow war. 1Am Colortype : 1Amer Gas & FI 3 Amer Hawailan 8 §. 15 Amer Laund Mach. 20 Amer Rayon Prod . 3 Amer S & C p pfd... 3 8 Amer States Sec A.. 9 Amer Sta Sec war. 5 2 Anchor_Post Fence. 6 Anglo Chil Nitra, 3 Apponaug Co. 3y Armstrong Cork."" |Sales STANDARD OI1, 18SUES AND FOR- inunits. = MER SUBSIDIARIES—STOCK. 2000 Anglo_ Am OIl.. = 100 A A O non vt 200 Atl Lobos . 100 Buckeye P L 4400 Cont'l Oil ... 900 Humble O & R’ 700 Imp O Can’ 3700 Inter Pet Ltd 300 Nat Transit . 200 Ohio Oil . 600 Penn Mex Fisel 2100 Prairie O & G. 550 Prairie P L 100 South Penn 100 Southern P L 23008 O Ind ... 5008 O Kansas. 1008 O Ky.... 1008 O Ohio 500 Vacuum Of ! Sales in thousands, 41 Abitibi BONDS. FTNANCTAT. Commodity News Fruit. PORTLAND, Ore., September 15— With an aggregate drop greater than during any other season, Oregon and Washington apple markets are quict. Of special notice in the crop situation is the almost general absence of extra fancy grades and large sizes. Steel. » CLEVELAND.—Steel production in northern Ohio is stepping along at a lively clip this month. The Cleveland steel companies, including Otis Steel Co., Bourne-Fuller and Corrigan, Mc- Kinney Steel Co.. are enjoying a con- tinued run of good business. Leather. BOSTON.—Production of sheepskins tisplin 1. DISCOUNT RATE RAISE CHECKS BANKS’ LOANS By the Associated Press. NEW YORK, September 15.—Totn! loans and investments of reporting Fec - eral Reserve member banks have ris-n to unprecedented heights during te | past two years and seem to have bc'n checked in their advance chiefly by in- crease in the rediscount rate. Ti total remains above $22,000,000,000, an ! early in July of this year approached : record, $23,000,000,000. In 1925 an increase in the rate to 3' per cent from 3 per cent early in 1" year seemingly had little effect, but tir- increase to 4 per cent in January, 19° produced a sudden drop in the total o loans and investments. The rate ws reduced to 3'> per cent in midyes and again Hfll‘d to 4 per cent in ear Fall, with resulting decline in the tota’ Belgium 7s 1956 PLPSA. Beigium 7348, Belgium Botivia Sl Bordeaux 6 Brazil 6148 19 trading again active, but with the move- ment of prices irregular. One of the outstanding incidents was the break of some six points in Banc- Inalv Corporation shares. The selling, 3 hnd | however, appeared to represent nothing Brazil 6148 192 96 | Kan City Ft S 4s | more than profit-taking. Longs based Brazil 108% | Kan City Term 42 their calculations on the idea that with | & 2 102 1 1 3 4 the future dividend policy now known, 101 there was thing in the immediate 1041 outlook to bring about a higher market 1004 level. % New high records were not as nu- merous as on previous days, although there were a number of noteworthy ad- vances. One of these was a rise of 15 points in Ford Motor of Canada. Con-{ 11 solidated Dairy Products was actively bought at an advance of more than a point, and the new Curtiss Flying Serv- ice was actively turned over slightly above Friday's final. The new McKesson & Robbins issues was among the most active and inclined to better. indicating that those who had subscribed to origi- nal offering had not received their full subscriptions, and were ~seeking the same in the open market. The oils were in favor, reflecting im- | proved conditions in the industry and the tendency of price schedules to ad- vance. Prairie Oil and Gas, the largest of the mid-continent units, was up al- most a point, Prarie Pipe Line 2 points, and Standard of Indiana almost a point. In the mining division Golden Cen- ter was active, advancing to its former high record on reports of the acquisi- tion of three mew properties. Hudson Bay Mining gained almost a point and Newmont was in demand. COTTON MARKET WEAK. Prices Drop to New Low Levels After Selling. NEW YORK, September 15 (#).— Renewed weakness marked the Cotton Market today, prices making new low ground for the movement under further Southern selling and liquidation. December sold off to 17.34 and closed at that figure. The general market closed easy at net declines of 12 to 16_points. Futures closed easy. 12al6 points lower: October 17, 41a43:' December 17, 34a36; January 17, 30a34; March 17, 32a35; May 17, 25a28. Spot, quict; mid- dling, 17.65. WHEAT PRICES HIGHER. Market Is Stronger, Reflecting Conditions at Liverpool. CHICAGO; September 15 (#).—Sur- prising strength of wheat prices at Liverpool did much today to lift wheat values here, and so, too, did assertions that the Chicago market had been seri- ously oversold by adventurous specula- tors who appeared to have overreached themselves counting on burdensome pressure of newly harvested wheat Northwest. Another bullish factor as to all grain was aggressive buying in the corn market. With corn shorts in a| flurry to extricate themselves from danger of an end-of-the-month pinch, September delivery of the corn finished at the day's tiptop point, 1.30% a bushel. Wheat closed firm, 5 to 1 net to 315 advance, hlghcr, corn showing oats 1, to 12 up, and provisions vary- ing from 5 decline to a rise of 20. WHEAT— High, September . 110% December . March . May .. CORN-— September December . March . May OATI September December March ..... May, RYE-— September December | March May . TREASURY CERTE‘ICATES (Reported by J & W. Seligman & Co.) Rate_—Maturity Bid Offer ) . 1928, Dec. 1928 Mar. 15. 1920 Mar. 15, 1920 . 1032 . 193 for fancy leather up to August 1 was 27 per cent ahead of last year and the output of shearings for coats, collars and linings was 20 per cent ahead. | Glove leather output for the first seven | months of the year was 11 per cent above the same period of 1927. 1 Allied Pk 8s 5Alum Co Amer 5 6 Alum_Ltd 55 32Am Com Ale 6< 25Am Gas & El 5s... §Am Pow Lt 6s.. .. 7 Am Roll Mill 5¢..0. 3 Anaconda 65 A 8Appal El Pow 55 10Ark P & L 5 LAs Sim Hard 61,5 11 Assoc Gas & EI 5105 13 Assoc Gax & Bl 4l 4 AUl Fruit gs 20 Atlas Plyk 515/ 5 Bates Valve Big 6. 26 Beacon Ol 6s..... 7 Boston & Me 5% l«cX 3'Asso Dye & Print . 7 Asso Gas & El 2 2Asso G & Fl 30 da: 12 Atl Pruit & She. 2 Balab & Katz vic 121 Bancitaly 2 Bastian Blessing 5 Bird Grocery Sirs 49 Bliss E W. 10 Blum § 1 Brist_Myers 1 Brit-Celanese Lm Int Rapid Tran 6s.. Int Rap Trans 7s.. Int & G Nor 1st 6s. Int&GtNoradij6s 52 Int Ry CA 6%sret 115 110% 105% 100 115 110% 1054 100 96 erally is at the end of the week, bond prices were decidedly firm today. There was good buying, not alone of the convertible issues, which have featured trading of late, but of speculative and | of investment obligations as well. The feature was the demand for St. Paul adjustments, putting them to a new " 1952 high on the movement and only 2 points ;g:md’: “/:‘ssu 9.0 under the extreme high recorded incolombia 6 April. Present estimates are that earn- | Copenhiagen 41553 ings available for adjustment bond in- | Cobenhaxen bs ct. . terest at the end of the year will be Cubadls... 6 per cent, against the 5 per cent res | Denmark fs..... quirements. Net operating income for| Dutch East | 6s :Z August, it is stated, was double that!Dutch Bast | 6s of August, 1927. {DE15%s Mch 53.. The leader of the convertibles v\u“‘lnlnlm Sls . the Barnsdall 6s with warrants. At 112| Finland 7s. ... they were at a new high since issue, | Framerican? s, Higher prices were recorded for Andes | ::“flc: s Copper 7s and Anaconda 7s. rench 7% Demand for investment issues cen- Gmnng s. tered about the high grade rails. At- | Greek is. lantic Coast Line first 4s advanced a|ltaly 7s point, and interest was shown In North- | !talian Pub S 7s. ern Pacific prior lien 4s, New York Cen- | Japanese 4s. tral 4i.s, Southern Pacific refunding | Japanese iy 4s, Union Pacific first 4s and others of | Marselile 6s. this type. ‘Mllnnfi‘/gs.. Investment bankers were much en-| Netheriands 6 couraged by the firm tone of the mar-| Netheriands ket. notwithstanding the stringency in | New So Wales 67s. money. The averages have held their | New So Wales 58s. own for a month or more now. It re-| Nord 63s. mains to be seen what effect an in-|Norway 5s1963.... crease in new offerings will have, but | Norway 51s the underwriters are hopeful. | Norway 6s 1943 AT Norway 6s 1944 . POTATO MARKET FIRM. | Som oot Orient Dev deb 6: CHICAGO. September 15 () (United | Paris-Ly-Med §s. States Department of Agriculture).— | Paris-Ly-Med 7s.. Potatoes—Recelpts, 41 cars; on track 11 | Peru 6567 wi..... cars; total United States shipments, 778 | Peru 7s. cars: trading light; market firm, good | Peru 7% stocks; Wisconsin, ‘sacked, Irish Cob- | Poland is (rcts)... blers, '75a1.00 according to condition, | Poland 8s Nebraska, sacked, Irish Cobbiers, mostly Queenslan 140: Minnesota, sacked, early Ohio's, | Wueensiand 7s. $0a1.00. INVESTMENT TRUSTS Ri0 de Janeiro 6%s Rio Gr Do Sul 8s Bpecial Dispatch to The Star. N_!w YORK. September 15.— Rome 6% San Paulo City 8s.. & Brit Co & Brit cor:’ flcgmnf Sao Paulo 1950 {eu Financial Tr Markets at a Glance NEW YORK, September 15 (#). Stocks, strong: motor products soa: over 30 points to record high. Bonds firm: rails steady: industrials improve Foreign exchanges, steady; Spanish pesetas up 6 points. Cotton, lower. increased hedge selling. Sugar, coffec, holiday. CHICAGO. —- Wheat — Steady; proved flour demand. Corn—Firm; bullish Nebrazka re« port. Cattle—Irreguler Hogs—Steady to FEDERAL LAND BANK BONDS Spectal Dispatch to The Star. NEW YORK., September 15.— | Land Bank 4s May 1958-38. Land A Land B: 4s Jan. 1957-37 and is May 1957-37 and ‘and Land Land Land Land Land Electrical Equipment. PHILADELPHIA.—Manufacturers of ctrical fixtures in the Philadelphia rict report a gain of 5 per cent in sales for the first eight months of 1923, compared to the same period in 1927. 4| Louis & Nash 5 Man Ry 1st 90 Market St 75 40. ... Minn & StL ref 48. MStP. M58382td M StF & SSM 6143 M & T Ist4s... MK&T4sB...... MK&TprinssA. Mo Pac 55 A 65.. Mo Pac s F 77, Mob & Ohio 418 77 Nassau El 4s51... NOTex&M5sB.. NOT&MbY%s. N Y Cent 4s 48 N Y Cent deb 4s. NYCrrim4% NYChI&SUL 5% NYChi&StL 5% sB, NYNU&Uans, NY NH&I v db 63 N Y Iys 65 6. Nor & S gen 5s 5 Nortolk & W cn 4 Nor Pac 3s 2047 Northern Pacific 45 Nor Pac 4138 2047. Northern Pacr i 6s Ors Wash Ist 4s. Pennsyivania Pennsyi gen 43 Penusyl gen 5. Pennsyl 65 64. 99 | Pennsyl6%s.... 99% | Pennsyl gold 7s. ... 103% | Pere Mar 1st 4s 56. 90 | PCC&StL 53 B 7 1025 | Portland EI P L 6s. 1065 | R1AIk & L 4%s.. 88% | StL 1 M&S gn 6s 31 100 | St L IM&S R&G 4s. StL&SFpl4sA. StL&S Fr4t4s 78 StL&SFprinbs., StL S W con 4s 32, St P& KCShL 4%s Seab A Liref 4s.. SeabA L ad) bs 1949 Seab A L con 6s... SB All Fla 6335 A, Sou Pac 48 29..... Sou Pac clt 4s.. Sou Pacific ref 4s.. Sou Ry gen 4s... Sou Ry 6%s. Tex & Pac 5s B 1971 Third Ave ref 4s 60 Third Ave adj bs. . Tol Tr L&P 5%4s 30 Union Pac 1st 4s Union Puc 1strf 48 3 Gnion Pacitic 45 68, 2 Un Pac 4%s 67, 1 virginia Ry ist Whash 414578 rcts Wabash 1st 5s Wabash 2d bs.. Wabash 6s 76 B West Marylan West Md 5%s 9 Camphell ~ Wyant. .. - 90 C: i W 1‘ g Cor Am 2 Celan C Am n n{d xd 9 1 Celluloid Co n. & 5 Cent Pip Cor 42 Check Cab Mfg 4City Ice & Fuel 3 Clark Lighter A 1 Club Alum Uten A Cohn-Hall Marx 40 Col Graph 1Celumbus Al Pm\ xd 8 Cons Auto Mer n!d 36 Consol Dairy P 11 Consol Film 12 Cc n““l’lplm\dmg . ul.l‘ll.hl" Ld... ‘urtiss Flye 8 wi ! ,\nu*\ Aero Exp ... Ine 4Can Nat Ry 12 Cent_States El 2 Chi Enen Tool § 100% im- 871y R6'a 1007w 100% 991 84t B. & 0. BOARD MEETING. BALTIMORE, September 15 (Spe- cial).—Directors of the Baltimore & Ohio Railroad will resume their month- Iy meetings on September 26. The board did not meet in July or August At the meeting this month the directors will declare quarterly dividends on the preferred and common stocks, payable December 1. It is not expected they will change the rate en the common stock from the present 6 per cent an- COMMERCIAL FAILURES. NEW YORK, September 15 (#). R. G. Dun & Co., reports 405 commer- cial failures in the United States this|Land week, against 321 the week before and|Land 406 a year ago. Eand Gav i Pow 5158 10 Cons_ Tex 8s 4Cont'l GAE 5¢ Al 5Contl Oil 54 dahs 55 env & RG&W 55 B. 5Denv & Salt Lake 6s 2Det Intl 7s.. 2 Dix Gulf Gas 2Fed Wat Serv 5 Firest Cot Mil 5s. 1Fia P & L 5. er. Bid. Asked o 9575 96! 101 1061 106'% 16 Gt Olf Fews b 41" 4 Houston Gull G 6.5 # Houston Gult G 491nd OIl & G § Indianap PLL 5 10 Interstats Pow 6: 8Int’l Pow Sec 3 Intersta Pow_ 5s 15 Iowa Neb L & P iKelvin Corp 6s... 1Kop Gas & Coke 5s.. 9 2 Lehigh Pow fs A..... 103 Libby McN & L 58 Lons Star Gas 55 Mass_Gas 5 ; Met Ed Co Pa D. Midwest Gas 75 A Milwaukee Gas 4'2s.. Narraz Co 55 A...... Nai P & L 65 A Nat Pub Serv 5 3New Eng G & 1 Ney Cons Cop 5s. SNYP & Bank Bank Bank Bank 41.s - Bank 4%is J.&J 19530p33. Bank 47.s Jan 19540p34. Bank 4%is July 19540034 Bank s Nov. 19410p31 Bank 5 19410031 102 100" 1004 93 101 104% 9% 9413 101% 97h 1007 10315 103% 103 99% 99% 103% 907 102% 106' B8% 100 106 112 105 964 106! 93% 116 108 100 1054 10015 921 101 1043 9414 941y 101% 97 100% 10315 103 102% 99 994 103% 90% 102% 106 88% 100 106 112% 105 96% 106! 93 116 107! 100t 105 99% 10312 1024, 103% 91 118% 104 @ Dubjlier C & R "2 Duplan Silk 9 I"mraul Mot 11, Educat Pict_pfd ... 21 EI Bond & Sh Cor . Flflksh(‘flvfdv Elec Shovel C pt pf Evans E § 1 Evans Wall Lend 5 Fageol Mot Co . 13 Fajardo Sug Co 1 Forhan Co I Fox Theaters 113 Freshman Chas 1 Fulton Sylphon 82 Gen Bak 5 Gen Bak pfd n'. 1Gen Cable war 2 Gen Firepr! 10 Gen Laund Ma 1 Gen Mills 4 Gilbert .. 12 Gobel A 4 Golden Sta Milk. 25 Hall Printing . 4 Happin C St A.. 1 Hazeltine Corp 1 Hires Ch A. 2 Huylers ... 1 Hygrade Food . H 21Ind Ray Cor.. 1Insur Co N A. 1Insur Co N A rts 11Insur_Secur .. 11Intl Prod pfd 11Intl Rwy vic 3 Intl Saf Raz B.. 10 Intern Util B. 5 Ital Supcrpew A 3 Ital Sup deb ris 2 Kauf Dept Stores 1 Kaynee . 16 Kemsley Mil 27 Kimberly Clark . 90 Kinnenr Stores.. 1 Kobacker Stores 3 Lakey Found & M 8 Lefcourt Real.... 2 Leh Coal & Nav 2Leh Val C cfs 15Leh Val C Sale: 2 Libb Owens Sh Gl.. 2 Loews deh rts.. Wire Lond B 10 Marion Steam Shov 1 Massey Harris, 17 Mavis Bottlin: 15 McKesson & Rol 50 McKes & Robb pf wi 5 2 Mead. _Johnson 4 Melv Shoe n 63 Mesabl _Iron 6 Metro Chain St 1 Midvale Cn 7 Mid West Util 2 Mohawk Hud 4 Moore Drop Forg A 20 Municipal Serv.... 2 Nat Food Prod B. 1Nat Ruh Mach. 1Nat Tile....... 2 Newton Steel 6N Y Hamburg.. 31 Niles Bem Pnd 1Noma Elec. . 2 North Am Utility. 1Nor Am Ut 1 pfd. 14 Northe Pow.. ... 8 North O Pow C. 2 Nouh\x‘rsl Engre. 101 91ty 100 112% 89% 971y 100y 10715 103% 110% 103 1% 107 102 95 100 943, BTy 891y 100% APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery eand Prince Georges Counties, Md. 5%2% INTEREST Apply to H.L.RUST COMPANY LOAN CORRESPONDENT 5 The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th Street N.W. 2 H 2 15 EI 3 i 1 1 [ 1 1 1 7 Nor Amer Ed 5':s wi. 10hio Pow 4125 D. 2 Qhio Riv Ed 5s. 1 5Pac G & E 412, 8Phila E P 5155 '72. ... 104% 3 Phila_Suburban 4155 100" 1 6 Potomac Ed 5 E ... 98% 5 Proctor & Gamb 414s. 9734 2 Queens B GAE 51as A 10114 44 Richd Oil 65 A 140 2 Richfld Oil 51zs 1 Rochester C P 1San Anton P S 8s B. 6 Shawin W & P 4125 A 5 Snider_Pack 6s....... 1 10 Sloss Sheff_6s 5 Southeast P & L 18ou Cal Ed 55 B 4 Sou Cal Fd 53 '62, 2 South Cal G 55 '37... 5 Southw G & E 5s A. 5 Southw P & L 65 A.. 12 §tand P & L 6 o1 2 Sun Maid_ Rai 24 Swift & Co 1Texas P & L Saxon (PW) 78 Seine 73 Soisson: Sweden 51 Sweden 6s. Swiss 5143 1946 Tokio 5%s 1961, Utd Kingm 6%s 29, UtdKingdm 5%s 37 Uruguay 8s . 108% | Yokohama 6s wi.. 1 96% 96% MISCELLANEOUS. AmSmit&R1st5s 6 101 101 AmSmelt& R6s.. 4 107% 107% AmT& Teltrés.. 99 987 Am T & Tel trb: 105 104% AmT& Tstos. 105 104% Am Tel & Tel 5%s. 3 107 107 Am Water Wks 55, 998 99% Anaconda 1st 6 10542 105 Anaconda cvdb7s. 24 134 133 Andes Copper 7s.. 296 Armour&Co4%s39 12 Armour Del 5% 6 Associated Ofl 6s.. 10 Atlantic Refin bs... 3 Barnsdall Bel’ Tel Pa 58 B... Bethiehm Sti pm bs Beth Steel 5138 53. Bethlehem Steel 63 Bkiyn Edison b: Bklyn Union 5% Bush Term Bldg 58 Certain-Td5 3 srcts Chile Copper bs. Col Gas&E| deb 63, Con Gas N ¥ 534s.. Consumers Pow 53. Cuba Cane 8s 5 Dodge 6s. 13ast Cuba Sug 1%s Gen Mot Ac Cor 6s. Goodyear 58 rcts.. Humble Vil 5s..... 11 : ’ Humble O & R 5%s ! 1liinois Bell 1st bs. tllinois Steel 4% intl Match 65 47... int Tel&Teleg 4%8 | Kan City P& L s J Kayser & Co 5%8 | Lackawanna St1 65 Louisv G & B 58 52 ManatiSug sf 7%s. Midvale Steel b: Mout Power 65 4 Mor's&Co Ist 4158, N Y Edison 58 44 N Y kdison 6%s... N Y Tel 438 : 3 [N YTelésal.o.es lagera, . Soehe N ¥ Tel 65 43 i eih s mer. i %2 | Norih Am Edis bs. ublic Pire ... | Nor States Pow 58, elincEi e N . | Nor States Pow 6s. uvywnnl o od Pacific Gas & EI 6s. Pac T & T 15t b3 | Paramount 6s 1947 | Pathe IExchange 78 Phila Co 55 67 w 1., Philips Petro b %8, Por Ric Am Tob | Postal Tel & C6 Public Service 4148 Punta Alegre 7s. .. Rem Itnd 518 war. | Sinclair Ol 8. Sinelair V11 6 Sinelatr Oil 7s, Sinclair Crude 8348 Sin Pipe Line bs. Skelly Ol 5148 SuzarEsiOrient | United Lrug 58 53. U S Ruo Istrf 6s.. US RubT%s. . U SSteelsths.... Utah Pow & Lt 5s. Vertlentes Sug 7s. Warner Sug 78 41. West Eiec5s...... Westn Union b3 51, Westn Union 6145, | Westinghouse 5s. ., | Willys-Ov 6las 33. | Yngstn S&T 58 w1 RAILROAD. Atchison gen 4s... 3 15| Atlantic C L 15t 48 15 | Atl & Dan st 4543 s B&OGV K. B & Orer b B & 05 2000 D... B& O Isthset &0 PLIEWY 4 B& OSWhHshD . Brooklyn Elev 6% tkivn Manhat fa. Buff 11& Pitrates, Can Nat 4%s30.., Canad Pac deb 4., Can Pac 4%s 46. .. | Chesa Corp bs w i Chex & Ocv 4%5. . Ches & O gn 4 '48.. Chi & Alton 31; Chi & Alt 3%s ctfs. CB&Q4%s11B.. Chi Gt West 4859 CM&SLP ret 4% 889 12 ChiMIISP&Pacss 76 79 CMSP&Pacadi 503508 ChiRI1&Prf4s.. 16 CRIPac4%swi, 2 Chi Un Sta 4%s. Chi Union Sta 6343. Chi & W Ind cn 4s. C& W I15%S62..., C&S1stds2y Cuba R R s Cuba R R 7%s.. Cuba Nor 5%s cts. Del & Hud 15t 1l &a A Continental_Securitie: iversified Trustee Shares iversified Trustee Share: East Bankers' com East Bankers' unis, Flru Invest A pf.. Pixed Trust Shares . Greenway Corp. Greenway Corp pid ntercont lrv 6 uni In Sec Corp Am 6% D( p i"&ccor’A"IA . 101% 68% 665 995 Y8 913 B8 98 105% 9L 102% 100 991 80 98 &2 2 99% u6 “0'a a8 u8 W5% 91 102% 100 99% 80 98 S Rub 61 '36..0 170Ul P & L 5'8 9 Westorn Pow 4 Westv Chlor 5':5 5 Wheel St 4'2s B. Sales FOREIGN BONDS. in thensands. D Asri Mor Ba Ts '46 . 1Berlin 6s ... 5 Buenos Aires 7s '52'. 10 Burmeis & Wain 6s.. 5 Danish Cons 5ias ... 13 Denmark 51as 38 Denmark 4135 | 10 Bur Mtg & Inv 7s €. 18 Free St Prus 6s 5 5 Gelsen Min 6s .00 8Ger Cons Mun 7°!.! 8Ger Cons Mun 6s... 4 Ger Pr & Com 6} 2 Hamburz El 7s 3Ind M Bk Finl , § fucosl Sta Mo, Bk 7 4 Mendoza 7'2s s 7 Mines Geraes 6hys 10 3 Mor Bk Bogota 7s .. 2 Mor Bk Borota 7s n 6§ Mor Pk Chile 6s '31. 26 Mor Bk Denm 5s 1 4 Muni Medellin Ts ... 1 Newfoundland 5s 10 Rus Gov 6! 2 Russ Gov_5 7Serba 7s B 5 Silesia 75 5 Stinnes Hu s "46 20 Swiss Govt 5'z5 xd—Ex_dividend. Wi When issued. W With w mnu Main 8100 102% 106 9914 80 93 SAFE F-1RS T MORTGAGES n Sec Corp Am B. Invest Trust N Y Joint Sec Corp B unis. goint Invest Inc units. ass_ Investors acific Investing acifi Investing pf. 9’ Financial i1 Invest. ex div . Becond Tht See ‘o n Shawmut Bank Inv. CHICAGO LIVE STOCK MARKET CHICAGO, Ill, September 15 (#) (United States Department of Agricul- ture) —Hogs—Receipts, 3,000 head; market steady to 1Gc lower on hogs scaling up to 250 pounds heavier | weights, including packing sows, steady; top, $13.35 paid for a load of choice around 185-pound weights; shippers took 500; estimated holdover, 2,000 head; butchers, medium to choice, 250- 350 pounds, 12.30a13.25; 200-250 pounds, 12.50a13.35; 160-200 pounds, 11.85a13.35: 130-160 pounds, 11.50a 13.20; packing sows, 11:50a12:35; pigs, medium to choice, 20-130 pounds, 10.25 al12.25. Cattle—Receipts 1,000 head: com- pared to a week ago choice fat steers and yearlings mostly 25a40 higher, o | weighty kinds continuing to outsell | yearlings; inbetween grades on short fed steers and heifers on an undepend- able basis, 50a75 lower; week’s top on medium-weight steers, 8.60; yearlings, 18.50, the highest since January; choice grain-fed heifers scarce, few above 17.00; bulk on short fed orders and in over supply closing on a catch as catch can basis;” fat cows, bulls, vealers and stockers and feeders strong to 25 102 | higher, lU'.Z'h Sheep—Receipts, 5,000 head; very few 4 {on sale today; for the week, 301 doub'c from feeding stations, 13,200 direct; fat lambs closing 1.25a1.50 lower under the season’s largest supply; sheep, 15a25 down; feeding lambs, 25a35 or more higher; top prices for week: Fat range 4 100 |lambs, 15.35; natives, 15.10; Yearlings, 1065 | 12.00; fat ewes, 7.00; range feeding llu‘ {lambs, 14.75. The bulk prices for tho 943, i week range: Slaughter lambs, 14.00a 101 |15.25; natives, 13.75a14.75; throwouts, 105% | 10.00a11.00; yearlings, 11.00a11.75; fat 101 |ewes, 6.00a6.75; feeding lambs, 13.50a 103 |14.40. 100 9 98Y% RE-INVEST the Proceeds From Your Redemption of Third Liberty Loan Bonds in Our Safe 69, FIRST MORTGAGES + We will be glad to put our services at your disposal ia the matter of redemption details. Qur 6% First Mortgages we recom- mend because of their unques- tioned safety and their depend- able, satisfactory, regular interest yield. 114% 106 100 1025 10413 105 303 101 9316 95 99% 106 103 8% 98% 102% 104 105 Standard Inv Corp. TS Eect L& P, v i Shares A us Rhnu Al § § Shves & e § Shares C 2 U 8 Shares C 3 U § Shares Cana HOLDING AND FINANCE B05% Amer Foundcrs Trust. 10 Amer Founders Trust 6% . 44 Amzanflnundél: Tfl.r‘l‘ 7% pl 49y Con: rp units. CIM" Alliance A 155 & T 118 108 125 INSURANCE COMPANIES. Aetna Pire . 840 Aetna Life . 890 Am Ins Newark | 29 Am _Alliance. Re‘nsur . | Automobile Bllllmnre-An\nlun . Ghmden Fire : Sl . ity of N Y. Colonial 8t . CGommercial Essie. . 2% i 1 Fid & Dep . Plremcnx lnx . Franklin Gen RP“'A!'JY ohe +American Hanover Eartford Plrl} Home " mp & Fxp | Liova's 2% aryland C: s 108 Ower a Third of a Century Without a Loss 23 Penn OMio Ed 1Penn O Ed 67 pfd. 1Penn Ohio Ed war. 2Penn Ohin Sec..... 5 Ciigd 1 Philip_Morri | 1Pick Barth & O e 3 Pick Bar & Co pf 2 Pierce Governor. 39 Picgly Wiggly 16 Pigs Wigg W A 1 pratt & Labm 2P SEET 1;Pug 8 P & L 'pid 3 Rainbow Luminous 23 Ray Bestos... 5 Reynolds Met Pill. 2 Riverside F & M. 1Ross Gear & Tool CHICAGO STDCK MARZXET. Special Dispatch to The Star. CHICAGO, Septen:ber 15. —Fol]oumq, is a report of today's sales, high, low | and closing quotations, on the Chicago Stock Exchange: Sales in STOCKS. hundreds 5 Acme Sterl..... |3 Al Amer Mohawk.. Am 'Pub Ser otd. Am States A.. m States B 3 Armour A... 513 Asso Aopatel # Atlas 'S 2 12 Armous of ‘Tii nm. 703 Art Metal. ... 2 Auburn_ Motor.. ') Balaban & Ketz. 51, Bastian _Bless, 39 Baxter Laun 43 Borg Warner. 1312 Butler Bros. stle A M. i &liotex Avier 1iCent G & E pid 1l 1% Cent T P 'S pfd.. 11 Cent Tnd Pow pfd.. Cent & S W U p. City & C R of 1. Chi N & & M RR. 128h Yellow Cab. .0 1 Chickasha Cotton O Qb Aluminum . Coleman Lams & Sh “ommonwealth Fd 11 Consumers Co... 1 Consumers Co 'btd.. » Davis_Tndast.... 2, Davis Tndust Wwar.. iDecker & Cohr 20, Erla . ) 2 Foote "G Great L Grigshy 13 Hart Carter pfd. P Hart 8 & M... 5 Hennev Mator. 1; Hennev Motor pid 11lls Brick... 10! Inland Wire & '€ 17 Kalamazoo_Stove. 71 Kelloea~ Swireh.. 1 Kimberley _Clarl 14 Kevstone. Stl ! 2Leath & Co 13! Libby McNeiil. "} 103 Lion OIl Ref Co.”, 21, Meadows Mfg Co . 1 Meadows Mfe Co pi 1y Metro Indust. ... 24 Midl Ut 67, bid Al 14 Midl Uil 74 "pr In... 415 Mid West Utl.... Mid West Util br Tn. 34 Mid Wes) Tt 1 Minn-Honey 3'2 Modine Mfx. 2'5 Monighan Mfg Corp... 3 21, Morzan Litho... 2 Mohawk Rub, .. 115 Nachman Spring.. 315 Nat Elec Pow A ANat Leathe 3Nat Standar 12 Neve Drug 3 Noblitt Sparks.. ,2North Am_ Cai Northwest Engri Novadel 91~ Qakes Pro 6 Oakes Prod 8 Ontarig Mfs.. 1, Perfect 18 Pines Winterir . 1, Public Serv N P. 1: Pub Serv rts 1Q R S Musi 1 Rich Prod A 1 Ross Gear . 1 8anzamo Eie 1, Sheffleld _Steel. 1180 Colo Pow A 4 Sonatron Tube .’ 2 Spiegal May Stern pi 18tand Dreds Co pfd 8 Super Maid Corp. 1; Swift & Co 7 Swift Intl 113 Thompson J R..... 1 Twellth st'str A 1 Twelfth St Str 102 Unit Corp pfd. U 8 Gypsum. 2812 U 8 _Gypsum . 33 Un Producers wi. . 43"; Utah Radio Prod. 5 Vor Clone pfd 4415 Wanl . 113 Walgree '4 Walgreen 6 8 Wayne Pump ... 1 Wayne Pump pid. 12!; Wint Eng . 23 Wis Parls W 5%, Yates Machine 41, Zenith ~ Radlo. Total sales, 88.000 Sales in BONDS. thousands, 2Chi Rys 1st 53 1Chi Rys s cfs. 260 910 31 High. Low. Close. 2 10315 . 110% Available in Amounts of $250 and Upward B. F. SAUL CO. Main 2100 925 15th St. N.W. 9724:32 FOREIGN EXCHANGE. (Quotations furnishea by W B Hibbs & Co.) Nominai gold Selling checks value (oroar) _todav .54.8665 s4.84l | 193 039014 1138913 12382 052234 3 Stnuite Real Est 2 Schulte United 3 Seeman Bros 2 Seiberling R C. 78erv El n vt 1Seton_ Leather 1Sheaffer Pen ... 18 Southeast P & L 5Southe P & L war 2 South Asbestos. .. 2 Southern Groe . 20 Spanish & Gen ‘Feg .. (S Sparks Withing Kellogz 1 1 W11 London, pound. Paris, franc. .. Brussels, beiga.. Berlin, mark. Rome. 'lira. ... Zurich, franc Athens, ‘drachma Madrid, peseta Vieara. schiling Budapest, pengo. Warsaw. ‘zloty : Copenhagen. crown . 9slo, crown Stockholm, crown.. SHORT-TERM SECURITIES. (Reported by 1 & W Seligman & Co.) Bid. ~ Offer Aluminum Co. of Amer. 5s 1952 102'4 1023 American Rodiator 41,5 194 612 American Tel 4 Tel Go. 45 130 9 Anaconda Copwer 6s 1920....... 100 Baito. & ONhio 4155 1933, . Batavian Pet. Corp 413§ mz Bell Tel. of Canada 5s 1 Sallrorniapei’ Corp “31ie 1 Canadian Nat Rwy 415 1930, Canadian Nor. Rwy. 4.5 193: Chesa. & Ohio Rwy. 4125 1930, Columbia Gas & Flec 5s 1052 Cudahy Packing Co. 5'as 1937 Duquesne Lighting 41 Edison El 11 of Bos Erie Rwy. Co 7s 1930. Gen. Mot. Accep. Corp. 65 m't Gen. Pet’ Corp. 55 1940 Goodyesr T & R. 55 195 Grand_Trunk Canada Gulf Oil of Penn. 55 193 Humble Oil 5125 1932 Mass. Gas _Co 5128 1946] New York Tel_6s 1941 Oregon Short Line 45 1929, Pure Oil Corp. 5ius 1937 | Shell Union Oil Co. 5s 1917". ! Sou. Pac. R R Co 45 1920 .} Standerd Ol N _Jersey St L. Ir. Mt_& So Rwy. 45 Swift' & Co. 55 1932... ¢ Unign OIf Go. of Calir. b 1938 Smaltinz Co. 51 Western Electric Co. 1043 55 1946, | Westingho, M Wheeling mn “cor 5 8 1048, 100% THERE IS NO SUBSTITUTE FOR SAFETY Favelers FIRMS TRADE SHARES. NEW YORK, September 15 (A).— London dispatches to Wall Street say Rio Tinto Co. Ltd., has concluded an agreement with Davison Chemical Co. for an exchange of shares, by which Rio Tinto has taken 90,000 Davison Chem- ical shares and has been given the right | to subscribe to shares of Silica Gel Cor- poration. The Earl of Denbigh, repre- senting Rio Tinto, has joined the Davi- son Chemical board. SILVER QUOTATIONS. NEW YORK, September 15 (#).— Bar Silver, 57!4; Mexican dollars, 43%. BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE, September 15.— 314 | Sales. STOCKS. 17 Baltimore Trust 100 Black & Decker M 10 Pirst National Ba 25 Commercial Credi 48 Consolidation _Coal com. 53 Eastern Roll Mill 3 New Amsterdam Cis 100 Sillca Qe com vie 180 U. 8. Fidelity & Guaranty. 50 United Porto Rican Sugar ¢ol 8 United Porio Rican Suzar pfd. GEBMAN BONDS AND STOCKS. Special Dispatch 1o The Star. NEW YORK, September 15.— Bid. Swed Am Inv pfd. w ‘o 318 1300 30e |, 1Thomps Prod 35 38 N 1 2 Timken Det Axie 1 Tishmen Realty. 2 Transcon Alr Trsp 6 Trans Lux Piet.... . 1 Tri lpl!x Safe Glls( . Tubi Att 8 B v 1 Tung Sol ann 2 Tung Sol L A 1Uni Biscuit B 1 Uni Elec bond rts 3Uni G Imp C 24Uni Lt & P A, 2 Uni Milig 2 i 15 1 4s 3 28 DIVIDENDS. Regular. 5w T D T X E S 1S TS T D1 1S 9180 50 8 DS e S e S 51 e B0 23 00 LE B 4 441,000,000,000,000,000,000 Molecules Pay- Hidrs.of riod. able. Record. CUBIC inch of air at sea level pressure contains a good many il molecules, in fact as many as represented by the figures at the head of this advertisement. But you have not the time to be bothered by a few quintillion molecules, or by am‘mp.tmg to estimate the number in a given amount of air. 92 98 97 89 4 L01% 1074 100% hi Towel h 3 ¥ "Btores onn ‘Gen Life Tns " ont_Sec Corp. B,CG O Am A Rt Tce Cream. uardian Iy lnves(nrn ¥ 1st pf Do 56 1st ‘pi. Do 53 2d pf iberty Bak pf. cCord Miz deb Do pr pf A cCord Radiator A ek Corp pf.. Do ! = &' i Trang. mkeag Steam Cot or Am Investors. iverside Fze & M chiessinger (B F) & Sons A 7 Do pf reas Hold Twist Dr! n Prof ‘Shar pf. n Verde Ex Min est, Jor & Seashors e b6e Extra. Conn Gen Life Ins. Hampton Sec.. or Am Intes 50 iverside Fge & M. 60c Tnitial. Mlied Refrigeration Ind DrS..... lianee 1oy poneug Co p hicago_ Towel rown_Zellerbach Do $5 pf ... ast Hampion Sec. Ty Register A ndian Ref ref pf. Hamburg Corp. tles Bement P pf. 1} orrington Co nes Aceumuly e Ref Df.... 134785 AccOct 1 Sep 35 Hitw ‘Bemen P pi. .| 3% Ace Sep 20 Bep 19 Interim, 5 i i an vaitt_ & Bond A Walgreen 5 4 Walereen war - JW . Wesson O & ?wm Auto Sup A 2 West Auto Sup war iwinter BJ 3 Wire Wheel Corp ... 2 Worth Inc A..... 2Younz Spr & Wir 1 Zonite . S andreds hndr i nekie Metals 11 Gons Cop Mines 3 Grerson Gold 40 Divide Extens ' 10 Flor Goldfid M . H i 111 Golden Center M. 280 Hud Bay Min & S 4 Iron Cap Copper 5 Newmont Mining TN Zine 5% Noranda .. oito, Con .. 50 8 1 Shattuc 1Tech 1 ¥ 1 Tonopah Min 1Uni East Min 7 Uni Verde Est. 4 Unity Geld | Sales in INDEPENDENT OIL STOCKS. Bundreds, 11 Am Con Oilfids. . 9 Am Maracaibo Co. 90 Barnsd_deb rts 5 Carib Synd 3 Cllles SetV n Cit Serv pfd... 2 Columbin Synd . 19 Creole Syn 2 Crown Cent Pete 1 Derby O & R pl 18 Gulf Oil Pa 16 Intercont]l Pet 11 Leonard B 33 Lion O1l. 23 Magdal SY 7 Mount G 6 Mount Prod .. 3 Nat Fuel Gas 2 New Bradford 0.1 4 New Mex Ariz Land.. 2 idem OIl . s 24 Pantepec Oil.. ...... 14 Reiter-Foster Oil. 1 Rich O Cal pf ww 6 Sait Ok Prod 6 Texon Oil & Lai 3 Tianl Gsage O 1 Transe Oil pfd 12 Venesuelan Pet H Pet ... £22gccccaad 2 1 2 1 12 1 2 1 4 3 8 4 2 2 102 100% Nor should you be bothered in attempt- ing to figure out how much you can make by speculating in the stock market. Such figures are useless as a basis of estimating your income, for you can never be sure whether they will represent a profit or a loss. 1 1 1 1 1 2 2 BO?TO\' iTO(‘K MARKET. { Special Dispatch to The Star. BOSTON, September 15.—Following is a list of teday's highest, lowest and closing pri: for the most active stocks dealt in here: Sules. 500 Amer Pneu pfd. 100 Bingham_Mines B Eley 170 Calu & Hecla 130 East Stew 50¢c Those investors who have purchased First Mortgage Notes through Swart- zell, Rheem and Hensey Company need never be bothered about anything. These notes are safe; the interest check is mailed to you automatically so that yon will receive it on the day it is due; and your principal is avail- able intact at stated periods. You may well profit by this peace of mind. Swartzell, Rbeem §Hensey Co, Mortgage Bankers T27-151h. Street, NV, WashinglonDC. 1:2' 0200000 ©DI0ODODODOOD DDOOOOOOOOOHOO0OTOZ T Veston i Tnki A High 3 Low. 15 424 Asked. Ger Govt Red Loan with draw ctfs att per 100 R M....... 5500 60.00 *|Ger Govt Red Loan withoui <draw cifs per OO R M. .. 4000 4200 (Quoted In doliars per miition marks,) Hambhre 4435 3019 5:00 35.00| 100 Economy Grocers . (Quoicd in doilars per thousand ‘mark; o Ger Gen Elec 41.s pre-war. Ger Gen Elec 47us 1919 .. 5 3 as! Berlin 4s pre-w G 10 i e o aERas ietle cenfield Tap !l 15 Hood Rubber 15 Island Creek 1130 Isle Royale 545 Keweenaw | 223 Mass Gas E Gl Gr Hemburg: 3s. 31,5 & 45 pr H Hamburg' American' Line ‘415, North German Liovd 41as.. Krupp 58 1921 Dusseldor{ 4s pre-war Frankfort a-M 4s pre-w Munich 4s pre-war (Quoted in_d A E G (Ger Ge Elee) A E G (Ger Ge Elec) pfd B. Commerz and Privat Bank 1 G Farben . Disconto Gelischati Berliner Handels. . Dresdner Bank. Deutsche Bank Darmstaedter Bank Heyden Chem. . North German Lloyd. . Austrian A E G (Gen Eiéc) . 95 Germany is buying more American 92 yubber shoes than any other country. 2 i 0 5 5 0 PR Tt =T SOOI | 00 B 100 Mavfower O 510 Mohawk : 150 New Cornelia " 20 New Eng T & T. 4710 North Butte .. 50 Old Dominion 15 Pacific Mills . 550 Quiney ... 715 St Mary's Land 11 Sterling Secur . 30 Swedish Amcrican pra 15 10 Swift Internat . ,Dd 5“ 50 Tower Mlg . 1400 Travelers Shoe 180 United Fruit . 195 United Shoe M 25 Uni Shoe M pfd 490 United Twist Drill, 200 Utah Apex 50 Utah Metal 2800 Waldor! 12 232233 33333 288338333 3333 Hambs Am Ins. Mills. ation, 5 Lia Sep 20 ..... Decrease. Lenigh Valley Coal Q Oct 1Sep 17 Tk months of Juls an AL i vering period. from Dec. 16, 1021, 30 1028, sy Lyman s cossasBasa 833! 59 Years Without Loss to An Invests A movement has been started to com- plete the afd’:mnrlnl Church of Ypres. 95 22 ol )