Evening Star Newspaper, October 3, 1928, Page 13

CIRBISSUES 4G INBEARSH DRVE Heavy Liguidation Forces Prices Down—Utilities and Motors Hit. BY WILLIAM F. HEFFERNAN, Dispatch to The Star, NEW, YORK, October uidation occurred on the Curb E: change today. following publication of | the unexpectedly huge total of stnrk: Exchange brokers' loans. It was natural that the curb should not suffer to the extent of the leading market. Nevertheless the fact that dis- tribution had been carried on on a large scale was cause for alarm. In the public utility section American Light & Traction, American Gas & Electric, United Gas & Improvement and Electric Bonds & Share serurmcs[ were down 1 to 5 points before support was encountered. In the motor group Auburn Auto dropped 4 points, but rallied back across the previous final, while Durant lost more than a point and Firestone Tire some 3 points. The oils lost a good deal of their buoyancy, although Stand- ard of Ohio continued to improve. In the independent issues Lion Oil and Re- fining and Darby Petroleum resisied the pressure, while Magdalena syndicate, which had the backing of the Cosden interests, featured the low-priced issues, advancing some 20 points. Among specialty favorites was the | new Filene common stock, which | reached its highest, since listed. around 64, where it was up almost 5 points. Trading started in the new Acoustic Products common shares of no par value. Opening on a block of 8.700 shares at 18's, the stock sold at a pre- mium of 315 points from the subscrip- tion figure. Allied Packers' 8s and Hygrade Food Products common stock were bid up to new high prices following announce- ment that control of the former com- pany was to go to Hygrade. | New high records also were estab- lished in National Rubber Machinery issues, Bendix common up 15 points to 188 and Piggly Wiggly up a point or so. pecial COTTON IS STEADY IN INITIAL TRADING! Market Shows Slight Gain on 0vcr-; night Buying Orders—Relly Follows Drop. Br the Associated Press NEW YORK. October 3.—The cot- ton market opened steady at an ad- vance of 2 to 5 points cn some over- night buying orders, which were prob- ably attracted by the rather steadier | tone of late vesterday. but very soon weakened under a renewal of liquida- tion ccmbined with locel and South- | ern selling. A favorable interpretation of the weekly report of the Weather Bureau | sgeemed to stimulate the offerings and | the market soon showed net losses of 16 to 22 points, with December selling off to 18.93 and March to 18.80. There was enough covering to check the de- cline at these figures and prices show- ed rallies of a few points at the end of the first half hour. Two private re- i . one of them making 8 and the indicated 2,000, while the other esti- mated the condition in the 12 leading States at 53.6 and the yield at 14,751,- 000 bales. WHEAT PRICES GAIN; CORN ALSO HIGHER| Mecrket Imrroves on Reports of Export Buying—Oats Are Firm. Br the Associated Press. CHICAGO, October 3—Lively trading | and higher prices today in future de- liveries of corn accompanied reports cf export buying and of abnormally scant stocks on farms. Wheat also displayed an upward trend, sympathizing with ad- vances in wheat quotations at Liverpool. Opening 138 to 114 up, corn later | held neer to initial figures. Wheat | started unchanned to slightly higher, | then rsceded somewhat, but later ral lied. Osts wer» firm. Provisions in- | clined downwar Besides talk which was current that United States corn in Europe is under- selling Argentine corn as much as 9 cents a bushel, estimates were out to- day from a leading authority here that total stocks of old corn in this country at present emount to only 90,000.000 bushels, against 165.000.000 bushels a vear ago. This relation, it was predicted, would mean a carry-over on November 1 of but 60.000.000 buchels, compared with 111.000,000 buchels last year and 183,- ( 000,000 bushels two years ago. Towa farm holdings of corn at this | ttme are figured at only 10,000,000 | bushels, against 26,000.000 bushels a year eogo; Tllinois. 8.000.000 bushels, | compared with 37.000.000 hels: | Miscouri, respectively, 6.000.000 and nd Indiana. 3,000.- bushels now in contrast with 15.000.000 bushels. On the other hand, | Nebraska and Kansas farmers are bet- | ter supplicd than was the case 2t this time in 1927. Plans Capital Stock Increase. | NEW YORK, October 3 (#).—The Murray Corporation, whose stock has | been making spectacular gains on the| arket, has called a special meeting of | stockholders for Novermber 15 to vote on an increase in authorized capital | stock to 900.000 shares of no par value from 300.000. Tho plan is to issue 269, 0 shares of additional stock at $15 a | skare in ratio of one new share for each hare held Proceeds will be used to retire about | 24.000.000 of funded debt, Harold O Barker, ¢ nan of the board said 1 jeave 530.666 shares of stock | he sole outstanding capital liability. POTATO MARKET Di!I.L. CHICAGO. October 3 (#) (United| t Department of Agriculture). »s—Receipts. 152 cars: on track. : total United States shipments, trading fair, market dull. Wis- consin sacked round whites, 85a90; Minnesota sacked Irish cobbiers, 80a 90; Minnesota and North Dakota sacked Red River Ohio's, 90a1.00; South Da- kota sacked Early Ohio's, 85a80; Idaho sacked rurals. 1.00a1.10; sacked rus- sets. 150a1.65: Western sacked Bliss Triumps, 75290, according to quality. G e Sl Film Firm Purchase 0. K.'d. NEW YORK, October 3 (4#).—De- forest Corporation directors approved acquisition by the General Talking Pic- tures Corporation of the entire assets of the Deforest Phonofilm Corporation, which made films of Lindbergh’s and Byrd's return from transatlantic fiights. Increases Refining Capacity. NEW YORK. Octobsr 3 (P)—The Lion O} Refining Co. has increasad ity refining capacity from 12.000 to 18,000 barre's” daily, President E. C. Winters ——— NEW Following is a list <of stocks and bonds traded in on the New York Curb Market toda. Sales in hundreds. 44 Actol Prod A .. 332 Acoustic Prod 4 Adams Millis 3 Afea Arisco ... Allied Pack Allied Pk pr pfd :I\l“fl Pk pr 8 pfd A INDUSTRIALS. Hish. Low. 18 3 0 0 1 1Allison Dr A.. 1 Aliison Dr B g 2 Alum Co Amer:. 8 5 Dept Stores Gas & EI Gas & E pid Hawaiian § § Lt & Trac.. Mg Nat Gas Ravon Prod Roil_Miil Sol & Chem 8 & C p pd States Sec A Sta Sec war Superp A Superp B 5 Super 1 pfd 2 Anchor Cap 1 Anchor _Cap_'pfd 3 Anglo Chil Nitra.... 17 Apponaus Ce, . 20 Assoc Dye & Prini 22 Atl Fruit & Bug 4 Atlas Plywood .. 15 Auburn_Auto Co. 3 Axton Fisher A 1% Babeock & Wilcox 1Bahia Corp " 116 Balab & Katz vic... 25 Bancitaly . 10 Bastian Blossing 7 Bendix Corp B 1Bird Groc 2Bliss E W 2Bohn Al & Br 5Brillo Mfg... 1Brillo Mfz A. t_Myers 1878 18 1031a 10112 21" 20 3234 300 307 29% 1 5 Bi 4 Bu 5 4 Buf Niag & 4Buf Niag & F 2 Bullard ‘Ma_ T, 4 Camphell Wyani 21 Can Merconi W 2 Cavanah Dobb 2Celan Cor Am % 1Celan C Am 'n pfd. 2 Celan C Am 1 pfd 5 Cent Pip Cor..... 3Cent Pub 8 A 3 Charis Corp 82 Check Cob Mfg 1Cit S P&L 6 pid 1Cit 8 P&L 7' pld.. 1City Ice & Fuel & Cohn-Hall Marx 21 Colz _Palmol P 286 Col Graph z 12 Cons Auto Mer vic.. 2 Cons Auto Mer pfd. .. 22 Consol Dairy P. . 1 Consol Film.. 0. 00 3 Consol G Balt. 46 Consol_Laund 1Cons Rei Strs. 2 Copel Prod A 2 Courtaulds Ltd. 13 Croker Whaeler 2 Crosse & Black pfd.. i brin an 927 1212 Eren 1 Crowley Miiner. 41 Cuneo ~ Press... . 1, Curtis Pub.. .. 7 130 Curtiss Flving ‘Serv.. 4 Daveea Inc : 3iDe For R C ! 3Det Ed rts wi 13 Doebler Die C €. 1 Dominion St ‘Ltd " 23 Dubilier € & R . » 1 Duplex ik 3Du_ Pont Mot Xr D #0 Durant Mot : A 49 El Bond_& Sh' Col 13¢EI B & 8h Cor ris wi 9% 5] B & 8h Co pid .. 10814 103 Invest Inc ... 877 61'4 P & L opil war. . 19 ec Shovel C pt pid. 1 Fandango_Corp A 8 Fansteel Prod ...... 3 Fedders Mfa A 1Fed Metals ctf 7 Federal Water A 53 Filen Sons wi rilen pfd 5%, Firestone Tire . 1) Flor Pow 177 pfd S Ce A . 7 Fox Theaters A '.i.. 3Frank H H Mfg Co §3Freed Flsem R C ... 1 Fulton Svlphon 1, Galesburg C & D iGen Alloys 1Gen Am Inv .. 28 Gen Bak ... 3Gen Bak pid n 1Gen Fireprfz . 1Gen Lavnd Ma Il 1Gen Mills . 11 Gan Pub Sir! 5Gilbert ... 1 Glen Alden Coal 17 Gobel A 0 4 Goldbeig_Son: : 4 Gotham Knit M 65 wi 4 Hall Lamp . G 23 Hall Printing . 3 Hact Parr e 81 Happin C St A i, Hartford EI Lt 10 Hazeltine_Corp 1 Holland Furn . 1Hom A € 1Horn & Hard 5 Huyle : 141 Hygrad: Food 11Ind Ray Cor . 1Insur Co N A 3 Insur_ Becur. 2Intl Prod 21Intl Prod pfd . 8Intl Saf Ras B. 1Intl Snoe 5 Intern Ut B... 13 Intsr ULl B pfd i Joske Bros vie 8 Kemsley Mild .. 1 Kevstone Arcraft s acscnisnsesSu1esmapaB Ao EEEEE SR e e E et Lackava Lake Super C. Lakey Found =3 Leh Val i Leon E'P Muel . arc Wire Lon ion Steam Shovel 5 mon Motors ¥ Harris Bottiing AMay Drug Stri.lll 2 McKesson & Robb Wi b McKess & Robb pfd ¢ Mead Johnson....... 3 Mesabt Iron s 1 Metro Chain’ Sirs.. 2Mid W UL 67 pfd 30 Mohawk Hud _Pow 3 Mohawk Hud war. Serv is od Prod Al.l. Tood Prod Bl . Stores. . id S y 11314 113 20 Nicaols & S 8l 1v Nichol & She 19 Niles Bem Pud 7 Noma Elec 2 Nortn Amer’ Com or Am UL lst pfd 41 Noitae Pow ....... 3 Nor bua P A Noctawest ENEre L. 1a Onio Bel 't s pid 113 Penney A pid 5 vean Ohio Ed 113 kenn O kd 65 pid 25 Penn O Ed 1is . 2 Pean Ohio S peop Drux diore 4, Peppercil 818 % keniect Circie 12 Pnep Dous: 1s Pnulip_ Mo : 2 pick Bar & Co wid . 41 Bialy Wiely - 43 pitaey Bowes P i . 1 Pow Co Cda xd.... 1s it w be riov G Vrus S EEL Yo bub S P & Lopid 4 KAIDOOW LUMNOUS eatos e MOL 11K ViC!! e,noid Meial 110ss tores S w0sal Dak LOW 1 Kosal bak P pia 1, aie C H &L 16 Seie-s-dlat .. 1 Sa.cway ouor 1y Saleway otrs nd Wis U oL negis Fap . 174 Sandaiy Grocel 3 semn L0 piu 1ot seau:te. Real Est o Scau, Lal pid £ 5eiir P.Ov Ow0res b oely Li b Vec.. §oc.on Leatnes I bueaues €. L oitl.a PAC E 1o Liver & Bros 2 Siaser Mig Lia 19 ooutneas. P & L { Soutne £ & L war © 504U ASLES.05. B o0uin COBSL... ..o 1 Sousiern ice & U B. 1, outnw Bell pid 11 Soutaw BUs... 13 Spanian & Geh ies 10 Sparks Witaing 3 Spies M otern Pia.. 25tand Pow & Li... 2 Sunnes Hugen 5wtz Mot ... 10 Bwed Am Iav pid 6 swut ntl 5rampa ki n 1 1nomps Prod A l... 65 ‘Lumken et Axie.. hman -~ Reaity. ‘b Pyod EpOri... 4Todd Saiw ... 10 Teanscon Alr Tsp 6 Teans Lug Pict.. 3 A S BV S0l Lamp. T 410 b Uni Biscuit B Uni El Coal 6 Uni lmg c sP A & P A pid. It i L Uni Atk i1 2100 2l YORK CURB MARKET Received by Private Wire Direct to The Star Office | sates | & it | in thousands f% 1§ Asbestos i A iv = iv < i1 P & L'vte B 1] Shar aitt & Bond A ait & Bond B Walgreen 55 1; zogggadaaaaag Z2% 2 3 1 1 4 1 ] 5 1 2 2 1 4 3 2 H 3 1 Winter B J . 13 Wire Wheel Corp 8 Woodworth Ine ... 3374 13 3 1 werth Ine A | 4 Young Spr & Wire 3 Salesin MINING STOCKS | inncreds. 40'Ar7_Globe C 0 3 Carnegie Metals 19% 1Cent Am Mines . B Com Tun & Drain.. .48 Cons Cop_Mines 32 Cresson Gold S Eng Gold M Ltd T 120 Falcon Lead Min 18 Golden Center M 8 Hecla Min . W 3 Hollinzer | ' i 83 Hud Bay Min 24 Iron Cap Copper .. 7 Mason Val - 3 New Cornelia 11 19 Newmont Mining 2 Nipissing : 100 Noranda 23 Ohio Cop o 4 11 Roan Anielope Cop .. hattuck Dean 19" 34 St Anthony Gold 2 Tech Hughes 9 Uni Verde Est 6 Unity Gold .. 16 Wendon Cop ... Sales i1 INDEPENDENT OIL STOCKS. hungr’r\‘flx oil 20 Allen e 14 Am Con Oiifids 111l ! 12 Am Maracaibo Co ... 465 Barnsd_deb rts "2 Cfrm g,n-fl 192 Cities Serv n 11 Cities Serv 8 78 D 1Cit gel\‘gnld 161t e 1Cit Ser B B pfd 11 Columbia 8nyd 79 Creole Synd 2 Crown Cent TN 4 Gul Pa 12 Houston Gulf Gas 39 Intercontl Pet . 5 Leonard Oil . 38 Lion Oil . Od Del Peie . 4 Lone Sta, 168 NMagdal Synd $ Mount Prod. .. 1 New Bradford O. 1 Pandem Oil ... 44 Pantepec Oil. . 7 Reiter Foster 'Ol 28alc Creek Cons... §3Sait_Creek Prod. 1 Savory Oil 3 2i Texon Cll & Land 2°Tidal Osage O.... 3Tid Os O non Vi 133 Venezuelan ret 1Wilcox O & G n.... STANDARD OIL ISSUES AND MER SUBSIDIARIES —STO 900 Anglo Am OIl... 18 100A A O non vic 200 Atl_Lobos 100 Buckele P L 1500 Cont'l OfL ... 200 Gal Ste_Oil. 120 Gal § O pfd old. 170 Gal 8 O pfd n 1200 Humble O & R 600 Imp O Can 600Ind P L ... 1200 Inter_Pet Lid 400 Nat Transit . 300 Ohio Ol . d 2000 PenMex ‘Fueli... 900 Prairie O & G..... 150 Prairie P L . 0l... 7600 South Penn O.. 19008 O Ind . 3008 O Kansas . 12008 O Ky ... 2508 O Ohia 2100 Vacuum Ofl Sales in BONDS. thoysands 23 Ahitibi P & P 85 A.. 48 Allied Pk (s 2 7R Allisd Pk 88 .l 5 Alum Co Amer 55 38 Alum Ltd B8 ... 5 Am Gas & Roll Ml Sesting 08 Asso Dye & Pr 6 Asso Ges & Assoc Gas & Bates Valve Bag 68 Beacon Oil 6 .. Bosaton & Me 5s AC 1 Buf Gen El 55 A Chi Paeu Tool 5'as Cinn G & E43 A ... Cincin 8t Ry 5'a8 A.. 3 CitL Ber 38 . . 14 Cit Serv Pow 3'z8 1 go!nnoollil |I“6 e 16Cont]l G & E 58 A 15 Det Intl 628 ... . 5 Empire O & R 5!z 3 Fed Wat Serv 3%as.. 2 Fisk Tire 5.8 . 12 Gatineau Pow 53 6 Gen Rayon 65 5 Gen Vend 8 8 Georgla_Pow . 7 Grand_Trunk 6'ss 1 Gulf Oil Penn 85, 2 Gulf Oil Pen 58 '47. . 6 Houston Gulf G 828 3 Houston Gulf G 6s A 81Ind Oil & Gas 6s... 6 Int's Sec_Amer 53 10 Intersta Pow 5s. .. 5 Interstate Pow 8s.... 3 Invest Corp Am 5s A 10 Kendall 5'-s . 5 Kop Gas & Coke 55, 12 Lehigh Pow 6s A 4 Manitoba_Pow §' 5 McCord Rad 6s . Met Ed Co Pa_4l2s D 99 Mont War P C 55 A. 1014 P&L6sA. ... 06" NYP&L 4l Nor Am Ed 558 Ohio Pow_5s ‘53 1 Qswego, Falls 63 ZPac G & E 4133 B 9 Pac Tnvest 3s. .. 2 10 Penn On Ed 65 A ww 1007 4 Penn P& L 55 B 5. 101% | 10Penn P &L 55 D 53 102t § Phila E P 838 '12... 103 | 1 Potomac Ed 35 E 9 | 1RichAd Oil_6s A 4300 Anton P S 55 B 10 Schulte & Est 68 4 Schulte R Est 68 % Shawin W & P 4128 A Snider Pack 63 Solvay Amer 55 A Southeast P & L 65 430u Cal Ed 53 51,0 South Cal O 58 '37.. 350U Asnestos 65 1Sounw R & L 68 A Staley' Mta 6 8 | 077 | 10014 1001, 943 | 103% | 90 19 18 13 15 it 6128 3§ n Camp Pack 85 . D T Western Pow 5.8 A FOREIGN BONDI Elec Ts Ba 8 Sales 2 Adriatic 3 Asri Mor 2 Berlin 63........ 28 Bolivia 75 Wi, A 10 Buenos Aires Ts '52 1 Cauca Valler 78 wi | 3Con & Pri Bk 3'as.. | 1 Danieh Cons 58 95 95 5 1 Danish Cons 312 6§ Denmark 3':§ 27 DenmaArk 4728, 2 Estonia 78 * 13 Eur Mtg & In' 18 'C 5Fin Res Mg Wi 2 First Bohem Whks 12 Free St Prus 6s 3 Pree St Prus 8ias 89 Gelsen Min_ 6s. 3 Ger Cons Mun 27 Gien Cons Mun 8s...: 1Ger Pr & Com 625 A 1 Hamburg E 78....... 2 Leon Tietz G 1138 2 Leon Tiets C T'3s 5 Manstd M & 8 7s ‘41 € Minas_Geraes 6153, .. 6§ Mor Bk Chile 3i 2] Muni Medellin 3 Nippon Elec 6! 4 Rio e 63, 1Rlo Grande 7s ‘8% 1 18ax B Mort Inst 6:§ 31Serba 78 Bo......... 12] Silesia 75 A 5 Swiss Govt Aiig 11l 3 Uni Elec Serv 18 A BUnl El Ser 75 A ww 2% 4 Uni 8t Wks 6%8 A.. 91 11 Unl El RY 75 41y 3 Warsaw 78 87% xd--Ex-dividend T Pavable in stock. s g130 93% | 8414 | 91 §—Partly extra. J—Partly stock T—Dividend passed &—Change in dividend rate. When issued. n—New Ww—With warrants. | NEW YORK PRODUCE MARKET. NEW YORK, October 3.—Western | New York Elberta peaches sold at1.25a 11.75 per bushel basket. The very finest Big Boston lettuce sold as high as 2.00 per crate. Most of the sales, however, were réported at 1.00a 1.50. Concord grapes from the Hudson | Valley, in 12-quart climax baskets, ped- dled out at 52':a57'4, mainly 55. 1i- fornia juice grapes, in lugs of about 24 pounds, ranged from 42'> to 1.55, de- pending upon variety, pack, quality and condition. The fanciest well blanched celery in the rough, from the western part of the State, jobbed out at 2.25a2.50, rarely 2.75. Ordinary and green celery ! ranged from 125 to 1.75. Quinces of | the No. 1 stock changed hands at 2.00 per bushel basket. Jobbing business on muckland washed carrots was consum- mated at 2.00a2.25 per bushel basket; unwashed stock brought 1.50a1.85. | likely to reach 3,150,000,000 pounds this | the last 26 years. {in the fact that productive capacity of | far In excess of | Hussing giving the play-by-play re?o&'ta. oday | KVOO, WFAA, KPRC, WOAI, KOA, | steady increase in brokers' loans, it is OUTPUT OF COPPER| EXCEEDS DEMAND Mines Declared Operating at High Point With Mar- kets Lagging. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October 3.—The threat of overproduction which always menaces the non-ferrous metals still is visible faintly on the horizon despite the fair winds and clear skies which today favor the mining industry. Far-sighted copper producers are watching this black cloud closely, although there is only about two weeks' supply of copper now on hand at the current rate of consumption. Production so far has failed to ad- vance as sharply as has the rate of consumption, but high-cost producers are swinging into action with a vim which threatens to disrupt the care- fully worked out policy of the low-cost concerns. The latter have held down production successfully through re- markable co-operation during the time when copper prices were low. This h: stimulated ore output following the high-cost producers. Stocks are nearly 60 per cent lower than at this time last year. Consump- tion is decidedly higher and promises to continue at a rate which will sus- tain prices adequately for the remainder of this year. Shipments by North and South American producers, however, are year or the largest total since the war vears. Production is likely to reach an en larger amount. John D. Ryan, chairman of the board of the Anaconda Copper Mining Co.. has stated that the grade of ore now being mined in the Butte and adjoin- ing districts is the highest known in In the Southwest, United Verde extension near Jerome, Arizo., is turning out copper at the rate of over 4,000,000 pounds a month, Utah Copper is shipping approximately 45,000 tons of ore a day to its mills in Garfield. The copper and nickle prop- erties in the Sudbury, Ontario, district and elsewhere in that province are being actively prospected. All this activity is giving work teo thousands of additional workers and for the present prospects are ve: bright, but cool-headed mining merx{ are wondering today how long this can last. They point out that danger lies the copper prorertlea of the world is consumptive demand. WORLD SERIES GAMES ON TWO HOOK-UPS Stations Will Come on Air at 1:10 P.M. for New York Contest and at 2:10 for St. Louis. By the Astociated Press. NEW YORK, October 3.—All games of the world series, siarting Thursday, will be broadcast by two radio chains. Stations will come on the air at 1:10 p.m., Eastern time, for the New York games, and at 2:10 Eastern time for the St. Louls contests. Graham McNamee and Phillips Car- lin will be at the microphone for the National Broadcasting Co., while the Columbia Broadeasting System will have Maj. . J. Andrew White and Ted The list of stations, anncunced participating in each broadcast, follows: National Broadcasting Co.: WEAF, WJZ, WEEI, WTIC, WJAR, WTAG. WCSH, WRC. WGY, WTAM, WWJ, WGN, KSD. WOC. WHO, WOW, WBAF, WTMJ, WCCO, WHAS, WMC, WSB. WBAL. WJR. KYW, KWK, WGR, WBZ, WBZA, KPO, KGO, KOMO, KFI, KHO, KGW. Columbia System: WBAC, WOR, WBBM, WMAO, WCAU, WNAC, WEAN, WFBL. WMAK, WJAS, WADC, WKRC, &?&P, WOWO, KMOY, KMBC, WICC, BROKERS’ LOANS TOTAL CHECKS SPECULATION Special Dispatch to The Star. NEW YORK, October 3.—While Wall Strest professes to see no danger in the significant that in the present confused state of the market, figures showing such a large expansion as took place in September have a pronounced effect on_speculative sentiment. Closely analyzed today, the compila- tion of the New York Stock Exchange of loans on collateral security last month irdicates a startling trend since last May, when they reached the previous high record figure of $5,274,000,000. Since then time loans have decreased nearly $380,000,000, or over 30 per cent. while demand loans have increased $611,000,000, or more than 15 per cent. ‘The present total is $239,000,000 greater than it was when the Spring rise in stocks culminated. This is in line with the expansion that has occurred meanwhile in the loans on collateral security made by corporations in this country and by foreign lenders, which now for the first time exceed $2,000,000,000. DIVIDENDS. REGULAR. Pe- Pay- Compans. Rate. riod. abie, Am.Com Alcl pf. $175 Q Nov. 1 Am. Smite. & Ref... $2 Q Nov Do pf........407 Q Dec. Angus Co. pf. ‘A N Brown Shos of. . 114% AR R Cop. .- a8 Chatterton ‘& Son’.20¢ Com'wealth 'Edison .$2 Credit Alliance, A..75¢c Davega. Inc.. 25 Elec. Hose & Rub. 1127 Exchange _Buffet..371 Fajardo Suar....$250 Fenton Union Ciean- ing & Dyeing.. 1% DOIDC: ..o L Figestone T &R, Ham'nL'nSoc. (Pa.) 20¢ Horn & Hardart (N. Y. Induat. Fin. 6 Kress (8.H,) & Co.. Do special pf... Oppenheim Colifns. $1 Postum Co... 5 Prudence Co. pf. 3'2"% So. Can, Pow, Lid. $1 Stinus (8. W.) & Co. 80 Do pf. i EXTI Burroughs Add. Mch . $1 Credit “Alliance...$1.28 Davega, Inc....... 28c Elec. Hose & Rub. 1'% Fenton Urion Ciean- ing & Dyeing.. 1% am'nL.So. (PA.}.. 7150 orn & Hardart, NE Y, % Hldrs. of record get. 18 000 320 15 350 1l >0050%000000 82 02 HODPVOOD LLO, k] 1 1 1 1 1 1 1 H 1 3 1 i 5 5 5 1] 1 1 1 1 1] i o 1 1 | o e, 3 oY Fau 280 INITIAL. 18¢ Angus Co. . e Q Coon (W.B.}" Ce Shusta Water, A. Kaufmann Dot 8 3556 @ N ufmann Dpt. Bt..37'5¢ ov. TOCK. *Kress (8.H.) & Cp_i0c Stk Nov. INTERIM. Anglo-American Tel.. Ltd.. Hanover Mtge. Harris (B. T.) Co. Oyerman ' Cush. Tire. A, Do.m. *Payable in BORDEN C0. EXPANDS. NEW YORK, October 3 (#).—The Borden Co., one of “the world's largest dairy concerns, has bought the Thomp- son's Malted Milk Co. of Wisconsin, capitalized at $1,375000, it was an- nounced today. Borden Co. has also ac- 375 % cial preterred. SILVER QUOTATIONS. NEW YORK, October 3 (#)—Bar quired the Kennedy Dairy Co. of Madi- son, Wik, and the Clover Leaf Milk Co. D. C, APPLE SHIPMENTS. West Virginia Packers Increase Output as Fruit Ripens. MARTINSBURG, W. Va,, October 3 (8pecial).—The apple movement from this heavy-producing belt swung into high speed this week, after a leisurely opening month. Cold, damp weather over the week end sped the maturing process and growers are ready to begin work on their Staymen, Ben Davis and York Imperial. A second grader at the State apple- packing plant at Inwood was put in operation today and a third scheduled %37 WEDNESDAY, OCTOBER 3. 1928. for later in the week, indicating the rapid increase in business. A branch office of the United States Market News Service has been opened here for the duration of the sea issuing dally reports on markets at loading and terminal points. both do- mestic and forelgn, and also giving weather conditions at the points. Petroleum Output Gains. ‘Total production of crude petroleum in the United States during August amounted to 77.829,000 barrels. The Federal Bureau of Mines. in announc- ing the figures. said that this was a daily average of 2.511.000 barrels, an increase of 78,000 barreis per day over July output. PLAN MOTOR MERGER. NEW YORK., October 3 (#).—Nego- tions for another large motor merger, . | involving Mack Trucks, Inc.. and Reo re said in Wall Street | banking circles to be under way. Mack has total assets of more than $40.000,000 and Reo of nearly $30,000,~ facturers of high-quality heavy-duty trucks, while Reo makes trucks and passenger cars in the medium-priced field and is one of the oldest firms in the motor industry. The Mack com- pany also makes fire apparatus, raii | cars and gas-electric busses. | The main plant of Mack Trucks is at Allentown, Pa. and the Reo plant is 2t Lansing. Mich. R N A A 000. Mack is one of the largest manu- ' 13 TOBACCO MARKETS OPEN. DANVILLE, Va. October 3 (Spee | clal).—With the tobacco markets in the Old Belt of Virginia and North Caro- lina opening yesterday under a bullish influence, farmers, it is believed, will | lose no time in disposing of their croo. Prices paid here for 173,347 pounds of leaf averaged nearly 16 cents per pound. The ruling prices were considerably higher than expected. The initial of« ferings show that the present crop, de= spite the gloomy reports heard cone cerning_it, has fair color and gcod body. It is particularly suited for cig- arettes and smoking tobacco for which there is the keenest demand. HECHT MONTH IN WASHINGTON ORNING, FAIR and COOLER FTERNOON, RAIN and SULTRY EVENING,CLEAR and COLD It’s all the same to Knit-tex! $30 HE marvelous thing about the Knit-tex Coat is its suitability for every weather and occa- sion. For mild days, for chilly days, for rainy days, for busi- ness, for evening wear, for vacations, for traveling, for motoring, for sport. In the new tweeds and herringbones— as smart as anything you see on Fifth Avenue or Michigan Boulevard. oL PR (e HECHT Co~Fst ) reparts. Uni Piece Dye Wk.. 85 B silver, 573; Mexican dollars, 437%. of Chicago, Fre e e e e e acga et aga s e 4