Evening Star Newspaper, October 26, 1928, Page 15

THE EVENINE} STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 26, 1928. NEW YORK CURB MARKET ADVANEIBND | = BONDS = s (10 SIS S | [y _YoR, s e FINANCIAL. FIRM: MONEY RATES PREDICTIONS MADE 51/2% | Frodential | Loans Special Dispatch to The Star. NEW YORK, October 26.—Just as it ||| Commonwealth Investment Co. is the popular feeling that there will be | [ 917 15tb St. N.W. Phone Main 2623 no important disturbance in the stock market until after the election, so it is|=———————— - the belief in banking circles that money rates will maintain & fairly stable posi- Money to Loan tion throughout the first half of NO- |secured by first deed of trust om real estate. vember, though with the prospect of higher rates at the end of t month and in December. The falling rate this week for call loans was looked upon as a temporary incident and not representative of the general demand. This was verified yes- 5% | terday in a rise in the rate to 7 per| In Nearby Virginia UNITED STATES. RAILROAD (Sales are 1 $1.000.) Sales. H! Sales. High. Low. Close | Atchison gen 4s. .. 102 Lib3%s... 104 (9825 9824 9824 Market today: 17101 101 Sale INDUSTRIA! o ! 84 1014 1013 o Bina Hin. Low. Nogn. Railroad Issues Show Im- 8 o4 e 992 Market Apparently Unaffect- | 3 Aeams g ....... 46> "5 ™ i %s... 20 104 10830 10830 : T Agta" A i provement—Utilities Also 51944, 248 10630 10623 106 30 ed by Increase in Weekly e Register Gains. Loans Statement. ESEE %s52. 11 1125 11131 1126 FOREIGN. Sales. High. Low. Close. Argentine 6s Ju sy 11 100 99% 9% | gronoy & Ith AV 0 Argentine 63 Octs9 2 100% 1004 100% | procklyn Eiey 6 1as Argentine 68 A.... 4 100% 100 100 | proon'yh Biev 8 Argentine6sB.... 8100 99% 99% | gy R & Pitt 4345, i otizRa it T, BB, 28 B B T P - BY WILLIAM F. HEFFERNAN. BY CHARLES F. SPEARE. =8l classes of income-producing oroperty Special Dispatch to The Star. NEW YORK, October 26.—The bond market has become so accustomed to high rates for money in recent months and to wide fluctuations in the quota- tion on call loans that it is nearly as indifferent to them as are stcoks. In spite of the renewal rate of 7'z per cent today there were numerous ad- vances in the prices of first mortgage 4 per cent railroad bonds and in the refunding 4'2s. The department of the market most sensitive to the changes in rates was that of the U. S. Govern- ment issues, which had a substantial rally early in the week, when money Australia 4% 56. . Australia 58 1955. . Australia 5s 195' Belgium 6s. Belgium 6%, Belgium 7s 1955 Belgium 7s 1956 Beigium 7% Belgium 8 Boilvia 8 Bordeaus 65 Brasil 618 1926 Brasil 6%8 1927 7 88% 88K B88% 19 96 95% 96 |CanNat4%sbs 10 965 9612 964 | Can Nut 44s57... 6 102% 1e 102% | Can Nor 43s 1935, 8 9T 14 1001% 15 106% 6 108% 108% 1085 . . 136‘; 1o8% 196 | Car Clinch & O 5s.. 115% 116% Central of 110% 1109 | Cent Pao L 105% 1054 Chesa Cor 100% 100% 4 108% 108% | Ch! B & Q 1st rf bs. NEW YORK, October 26—Despite the huge increase in the latest weekly brokers’ loans statement of the Federal Reserve Bank, the line of least resistance again lay on the buying side of curb stocks. Sharp movement occurred on {|both sides of the market at intervals, but the urgent demand for recent spec- ulative favorites was impressive from a bull standpoint. Checker Cab Manufacturing was one of the most noteworthy performers. After having broken 13 points yesterday the stock came back readily today and t one stage of the proceedings was up from the previous final of 51 to 581%. Special Dispatch to The Star. e & 44 3 Vehezueta . % '35 | Gent. with the banks calling loans again 5 A s Soc Sales In STANDARD OIL ISSUES AND FOR- units. MER SUBSIDIAI Sas oo s3Euees and brokers scurrying around to find funds. There was no change in the market for time loans, which are nomi- nally 6% per cent, compared with the geub rate of 7!, per cent in Septem- T, ‘The policy of the Federal Reserve in buying acceptances on a large scale is likely to continue. Through this me- dium there has been a certain amount of easement in the money situation. It has had the effect of limiting imports of gold and although $2,000,000 has arranged for to be shipped from England on Saturday the total receipts have been and are likely to be small in Large Loans a Specialty Current interest rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. Buck & Company BROKERS Established 1016 Stocks Bonds Grain Cotton comparison with the estimates made a month ago. Considerable interest was taken yes- terday in the analysis of the money market by President Mitchell of the National City Bank, and eapechug to his references to the volume of brokers’ 98 * ‘98 © |loans made by “others” and commonly 107% 107% | described in Wall Street as ‘“bootleg- 3 7 jers’ loans.” These were over $2,000,- 4 00,000 last week and double the 9 1y amount of similar loans a year ago. It; EXCLUSIVE 35§43 |1s from this source that most trouble is " 91 7'* | expected should there be a sharp de- 102 102 |cline in the stock market which would .HGGD 9 lgnz: ‘g’:z& depreciate the value of the collateral 0 108 was more abundant and rates 1l per CB&QIll3%s,.. i The subsequent drop to practically cent on call lower than they were to- i 100k 100w | Chia 111 go 6 61. where it left off Thursday indicated day. et 10015 "9a1s | Chi Gt Weat 43 69. Y 68%ythat the technical position of the A the start nearly all of the convert- $0is o[ CMES PRI 8ot} maricet was wholly responsible for the e issues reac L s was a ol rot ¢4s rations. tion of the movemient, in Progress at the o - e ot GutiSPePacssts 71 95%) . Ooumbla Graphophone, after gpen: closing yesterday tha affec ¢ acadi 6803115 copper mining convertibles especially. | So» Pow Japan 110% ; point higher at 58%, subsequently pushed 5 av points, making a total decline of 5 points | GetHC3EYET 1094 1003 | S gn 45.. 4 (Closer affilliations with related issues rom yesterday's high, and Andes CoDPer | Gzecho gs 1952 ChiR1& Prr4s.. 5 94% 94% rwmch have moved forward spectac- 7 were % point lower. By miday the for- | PR {0 TS - GRLPaci%awi. ; 9454 B g 1 &otints, The oll con. | Deamark 6 Toas 1045 | G GR O ES vertibles wepe irregular, though some of | Dutch East 1 6s 41. 108% 103% | Gy Union Sta 63%s. 116% ;.’le::“gt‘::;kxetralggeé:glenor debenture is- | Duteh Bast 1 65 62 108% 103% | Cg W 1 5%gn 62,1 . 4 104% e Bl Salvador 8s48.. 12 110% 110% 110% | CCCRSLL deb 4%s. 9" 100 & Write or call for weekly market letter. No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 }(éem E'Ilbcg A 74% | ing on a block of 4,300 shares almost & | 177 Ghobk Gar 1 BannEa0> EEEE] E ularly on the big board was the basis 100% lgfor its strength, although developments 103% Falong this line appear only in the talk- ing stage. The demand which carried Blumen- hal common up sharply to a new high ollowed announcement that directors ‘have voted to take up the matters of liquidating preferred _accumulations, ‘which now amount to $24.50 a share. iThis is thought to foreshadow retire- ment of the preferred. Royal Baking T 5 Crosse & Black ‘B 1 Crowley M] . 2% curtl:yPub"“" under these loans. They have been 1?av made by corporations and individuals }‘g% who have little experience in this kind 102 | of banking and who might be expected 98% [ to run to cover and call their loans | 1%3,, | suddenly should stocks break violently. | 937" ‘The Bank of France today showed a ; . | small increase in gold, while the Bank | of England experienced a moderate re- duction in its bullion account. In the exchange market the feature was the rise in Spanish currency, which is be- ing supported by the government against speculative movement in it. Jt..rowm exchange was also very strong. > DISTRIBUTOR TIRES “Popularity is Proof of Quality” MARTIN J. BARRY 1636 Conn. Ave. Pot. 3501 Prompt Service—We Hurry The Italian convertibles made a frac- | Finland 5is. . 1 90% 907 “|CCC&StLrf6sA. 100% tional improvement with Fiat 75 again |Kinland s £6s45... 3 97% 974 974 |C&S1st4s29..... 1 995 99% 995 around 140. A feature of the foreign | Finland 7a.... 8 100% 100 100 | Cuba Nor 53s ots. market was the premium of a half point | Framerican 73s 7 105% 105% 106% | o) o o) 4 10t rt 48 on the new Peru 6s, which were surpris- | French 7s. 28 1075 1074 1075 | De1 & Hud 1 ingly well placed. The various members | French 73 11 1144 114% 114% D::f“:: 1:&:_ of the'German agricultural bank group ( German 1s. . Powder old stock was a feature among showed strength. “mmmmu“o(vfl:: 3 3 h-priced issues, advancing impres- steady. A $20,000,000 loan °ln° is sively. Stockholders today approved j:?“‘“fi :;‘vzl‘::ment companies is un- 1 4 the change in the old stock to new More than ordinary activity, along 96% 983 P T, A e Lo L I ma okt &5 urred i1’ Atohl 96 umber of shares outstanding to 800, | 7 Fafreniid kvic A with higher prices, occ n - 200 from 100,000 and to exchange R e son, 48, Prisco 8, Northern Facifo 4s 92 92 ¢ight new shares for each of the pres- and Union Pacific 4s, while Union Paci- 102 102 | Gr meunk stab fic 434s, Missouri-Kansas-Texas 414s, 100 160 Lo No AT Frisco 414s and Rock Island 4%s were 1001 D0 | rcae Nt e e either at or above the previous day’s | Mexico 45 04 asntd, 1 Hae s Jorth 5s. ... closing, and from 3 to 412 points above g Sn AR : Great North 6% the lower range of last Summer. e il e | et e, b : 4 reen eb B This week's total of new securitles, in | Notperiands 6s 64.. 100% 100% | Hud & Man aj bs. . which two large foreign issues and two 9 3 by Substantial municipal loans figure, | Nocberiands 6s 72. 104% 104% | Hud & Man ref 5 amounted to $74,000,000, compared : 244 St imicentretas with $52,000,000 the week previous. 101% 1013 111 Cent 4% s . s 1 103 108 Il Central rf 5s 55. WHEAT IS HIGHER IN EARLY DEALINGS g 108 Corn Values Also Show Gain, Fol- 107 107 | Int Ry CA 6%s ret Ba B lowing Firm Liverpool B34 caei | Ran Olty Br&n..s Quotations. B 1 Dominion St 2 Dubilier C & Brrmommosna-BS8snseawn-Smwe: ot Bases! 858 S2exy, Eufus! LOANS 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. N.W. 528, 2 FETEFESISEESS PRI TR EARNINGS REPORTED BY MANY U. S. FIRMS | By the Associated Press. NEW YORK, October 26.—Wall Street has recelved the good news contained in | favorable earnings reports or more Armerican ‘They Denv & Salt 1 2Det Intl 6las 1Dix Gulf Gas 6'a: ent, lFllt dcbentur;l rights, w}l‘flch entitle i folders to purchase one share of the onse Be sjock at $25 until July 1, 1931, were | 3 bou Thesiars’a turned over actively at a new high above 11. Stutz Motors shot forward t¢ a new high on reports that it was n?o\n to bring out a new model. S b o, s al 8ig Pet 7s jen Am Inv 5s A n Ma 6% 1 Gen Bal 3 Gen 2 3 Gen Miig. % 1 % = : i Gilbert ... T T 1i 5 # Baltimore Markets g R T 6 e 2% 4 Ol & Gas & 1l La) 23 2 it *fl' 65 % Sphetal Dispateh to The Star. BALTIMORE, Md., October 26—FPo- [' n C 8t A i | oes, white, 100 pounds, 1.00al.10;| 3 Houfehold Finance wi 3 els, 1.25a1.90. Sweet potatoes, bar-| 77 Hysrade Foo rel 1.00a250; bushel, 75a90. Yams,| 3 Insur Secur ! bairel, 2.00a2.50. nBenn.l, bust;el, 1.50a Wt 13 Cor 6s 100 % indust , many rewmnxw Lhuemm‘!{ , 4.0085.00. 7 ; 5 o gfiooeol,ngfx:'fi-l,l oao of’“%‘.mgg,“ 5133, 1610t Shioe: ® = simfia L °'°x"n‘$ y:n.e 3.0086.00. Carrots, 100, 5.0087.00. Cauli- t Alfred P. Sloan of General flower, crate, 2.00a3.00. Celery, crate, Motors announced net nrninss for the 1.7723.00. Corn, dozen, 15a35. Kale, first nine months totaling $240,534,613, bu*xel, 35a40. Lettuce, bushel, 90a1.26. equal after dividends on preferred and Lirga beans, bushel, 3.0025.00. Onions, debenture stock to $13.42 per share on 10 pzom;gs_ 2.5023.50. bl:egperslsom- mgn &%_"lw et o:‘g llbl'.l- ket 25a40. Parsnips, basket, 0. ,302, . mmon, both for wheat and corn de! 1 o MS:PaSSMcn'ds. 1 8 * Puipkins, 100, 5003000, Spinach, in_the first nine months of 1927. early today. Unexpected firmness of ‘ 5 51 | buspel, 35a60. Tomatoes, basket, 402 Du Pont net income for nine months | L wheat quotations, together !. 124 packing stock, bushel, 65a75. Tur- was $52,278,679, yielding $18.16 per | with absence of selling pressure here, ! ; " nips, basket, 25835, share on common s compared strengthened wheat, and there was talk 3 5 Avples, bushel, 75a2.50; damsons, with $12.30 per share in that further export business in corn had 9% 97 | M 1 basket, 2.00a2.50; grapes, basket, 35a50; sponding period of 1927. been done overnight. - Opening 3 to % [ Ser (% 9T | MIC& T pr i 58 A. 18 101 1011 graghfruit, box, 4.0085.00; oranges, box, s S o cegis; higher, O e e = {Bwiss Confed 110 110 | Mo Pacitic gen 4s.. 3.50#5.50; pears, bushel, 1.00a2.50; B T e little and then rose higher than before. 991 993 | Mo Pac 58 A 65.... plums, bushel, 2.00a2.50; quinces, bushel, net income for a Corn started ¥ to 9 cent up and held | Toho Ei Pow i 9% 99% | 340 Bas e@ B 1T one D 008200, $4,273,528, against ~$4,520,32 near to the initial figures. Oats were [T 9 79 ST second quarter and $2,788,053 in the 1 99% 99% | [nt Rap Tr bs stpd. 994 99% | Int Rapld Tran 6; 103% 103% | Int Rap Trans than for the entire year 1927; E. 1. du Pont de Nemours & Co., Bethlehem SESFEREE FEFIESS =3 = Kansas City S 58, 1084 1oom | Lake Shore 45 31 106% 106% | Lehizh Valcn 4s 104% 104% L& N 4%s2003 Louis & Nash 7 113% 113% 3 Man Ry 1st 9 122;‘: ‘35“ Market St 7s 40. Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Mortgages 3 Sesea By the Associated Press. CHICAGO, October 26 —Higher prices Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and SESTSISE SIST SERRE S FEREEEE & 228N E2ETERANBBLRLES: steady. E’mvi.\mn;l mdmmw'h-em. .Upturns today. _yalues .here were helped by decide@ falllig off in arrivals of domestic wheat Northwest, as well as by the fact that the Liver- pool wheat market was mhnna firm. Minneapolis, Duluth ~and wheat recepits today amounted to but 614 cars, against 989 cars a week ago. Advices were also at hand that decreased Canadian crop estimates were attracting increased notice abroad and that Canadian frosts had done more damage to wheat quality than has gen- erally been supposed. Demand from house' with foreign connections, gave noticeable firmness here at times today to prices of corn future deliveries. Besides, indications pointed to unsettled weather over the corn belt tonight and tomorrow, a circumstance adverse to hastening of the movement of new corn. On the otier hand, receipts of corn in Chicago today, 151 cars, were of much more | liberal volume than has been the rule of late, td Kingm 6% . 4L tdiKingdni 5%8 87 10 105 104% 105 1 108% 108% 1084 1 98% 95% 9% MISCELLANEOUS. Am Smit & R 1 100% 100% Am Bugar Ref 0: 104 AmT& Toltrdés.. 20 994 Am Tel & Tel 6% Anaconda ov db 78.106 146 Andes Copper 8., 266 1644 Armour&Co4 %839 22 934 Armour Del 6%s. 26 02 Associated Ofl 6s.. 8 102% Barnsdall { Hay ana Grain Prices. Whaeat—No. 2 red Winter, export, no quotition: No. 2 red Winter, garlicky, ?ot.? 1.38%; October delivery, 1.33%: loveinber delivery, 1.33% bid. Cargoes on_giade, no sales; bag lots, no sales. 0. 2 domestic, 1.15; cob corn, 5.50. Oajs—No. 2 white, 521853%; No. 3, Ryc—Nearby, 1.10a1.20. Hav—Recelpts, 13 tons. New hay is 91 |arriviag in only limited quantity. It 113% |18, thirefore, not being officially graded 1031, | and tells strictly on its merits, within 764 | rangejof 16.00a18.00 & ton, timothy and 683 | clover grad Straw—No. 1 wheat, 11.00a12.00 ton; No. 2loat, 12.00a13.00. Y Dairy Market. Pouliry, alive—Turkeys, pound, 30a40; N ¥ Cent deb NYCrfim¢% NYC & StL deb NYChI&StL 614 8A, NYChi&StL 634 sB. NYC&St LCIA‘.‘ porey e aSRa~® oo Nat Sug R N J 5 Nat Trade Journal .. ehi Corp W ehi Corp pfd eve Drug . Pa 58 Bethlehm Stl Beth Steel rf Beth Steel b u;o. 147 135 128% 130 1 106% 105% 106% | Norfolk & W cn 4s.- 5100 109 109 | Nor Pac 3s 2047, 4 101% 101% 101% | Northern Pacific 48 3 101% 101% 101% | Nor Pac 43%8 2047 11 102% 102% 102% | Northern Paor i 19 105 104% 104% | org mnort L rta 48, Spring chickens, 22a32; Leghorns, 22a 30; oldl hens, 26a32; Leghorns, 23a25; wnd poor, 20a22; old roosters, 16a 18; ducks, 24a26; small, 18a20; old, 15a 20; gu'nea fowls, each, 50a85; pigeons, s LT 2, Sk third quarter of 1927, equal after divi- dends and charges to $1.43 per share on common stock, as compared with $1.87 for the nd quarter and 61 cents per share in the of 1927. The regular quarterly dividend of 1% gcrkeent was declared on pre~ ferred st , but no action on resump- tion of common dividends was an- nounced, nor would President Grace disclose when or if any was contem- Current operations were said to be at the rate of 94 per cent of capacity, record, and averaged 82.3 per m’l?zo nm income of the Southern ef e O c p‘mm for the last nine months was $39,156,044, an increase of g.m,m over corresponding period 1927, Chicago, St. Paul, Minneapolls & ha Rallroad reports net operating | for Construction Use Reasonable Interest and Commission Rates Jf\N{ES F. SHEA COMPLETE FINANCING 1st & 2nd TRUST MONEY On homes, apartment pair, $a35. Eggs:—Receipts, 1,776 cases; native And nqarby selected, white, free cases, ‘dozen, #8; firsts, 42; current receipts, 40. Butt4r—Good to fancy creamery, und,; 44a48%; prints, 4815a501%; locks, | 461:a48; ladles, 35a38; store packed,; 33; process butter, 41a42. Omal income of $1,473,650 for the first nine | s i Thoatne of e 'year, Against $1.996,390 | properties. No apprai a year ago. | sal fee. Prompt service. Studebaker Corp. of South Bend, Ind., | Real Estate Mortgage .earned $6.58 a common share in first nine months of 1928, against $3.99 in | & Guaranty Corp. kson Place Main 1403 Bklyn Edison « 1 104% 104% 104% | 5.0 wash 15t 48, DN ey Certain Tdb%srcts 7 90% 90 90 | Pennsylcon 4}s.. Chile Capper 15 96k 96 COTTON I STEADY Colon O1] 6s°38.... 47 1064 106% 106% IN OPENING DEALS it sionmi: & 6 i K Con Gas N Y 6% 4 106% 106 108 1 72 71 71%|Portland EI P L Market Shows Slight Declines Un-| 7 7 74% T4%|PortRL P s “41 G 2 99% 99% 99% | Port RL&P * der Southern Selling Pres- e 104 104 |Rjo .. .5 108% 108% 108% | Rio G West ol sure. Dodge 138 104% 104 104% | ¢l o M&S go 68 81 astCuba Sug 7%e 4 91 94 94 |StL IM&S RAG ¢s. p — Fisk Rubber 88.... 1118 113 113 s By the Associated Press. Gen Mot Ac Cor 6s. 44 102% 102% 102% NEW YORK, October 26.—The cot- | Goodrich 6%s. . 2 107% 1074 107% ton market opened berely steady at a | Goodyear 5s rets.. 51 93 decline of 6 to 8 points under renewed | gumble O1l 58 Southern selling and liquidation, ac- R companied by reports of continued good weather for picking and of a con- tinued easy spot basis in the South. R i FEEEIEE 2 a5 SlaroS aueonanE e =S anawm— [ S e e the 1927 &eriod | Union Carbide & Carbon cur&'nmed | Pared'ia 4004 m 1081 periade T o | Net profit of ‘Hercules Powder Co. of || 24 ‘Wilmington, Del., was $2,820,112 in the nine months ended September 30, u:ll;:c $2,376,366 in corresponding 1927 period. American Republic Corp. of New o—— York, holding company for oil and oil supply concerns, earned 79 cents & pre- ferred share U. S. INCREASES EXPORT in the last nine months, OF RAW MATERIALS| "Beil Teephone. dooi Fennsyivana ports earnings of $45.51 on each 83 | By the Associated Press. per cent preferred in first nine months, | A heavy increase of American ex-|against $37.68 in 1927 period. 1 ot raw materials for use in manu-| Atlas Tack Corp., which operates acturing constituted the chief change gl:unu Fairhaven, Mass, and St. —Baw—SwSa 3 = ® LOS ANGELES, October 26.—It is re- ported from Kern County that cattle, hogs an sheep are being fanien‘elds on 927 927 s e %% | raisins. { Raisins are selling af to 9 100 10 1000 | SLEEKCBRL %5 15 95 93 9% 317 o tin this year. Owing (o heavy %8 11 101% 101% 101% | SeabAL adj 5 19 fcks, Ml Erovens e e KA 1 103% 103% 1037 | Seab A . ¥ i COrn growers % 286 1004 98K 9 ‘ it 29 981 9% 98 |8 E.ecf;‘fie ru:cggr n&emeulfibl.'o?rze'gmfif'?; 1 ‘gg': =5 “;:“ guv;!ugn.—m:en}c’ repor'é mk?x- & ints net lower, H e . cat ¢ the M. A. Hanna Co. has ;Bcofi;elizg :»;e‘?l’clexti a‘t\em:s:less:?:st:; int Tel&Teleg 4%s l: lgoé-l\- lg;?- lgm Sou Pao 4% 0 & 4 :un enk yl;:fi A‘m.rk;d :\crc'”teh in ?:mrln‘m!wm unfh‘x’fwun Bep- wn.h"': Mp :x::a.:llu’ l?umn nmes tm:n’g;: s i 4 usiness.. 'Net for the firsi ree s 3 ,205, again: | gfmfi) ?)I:yl;;gp:&dtsp;‘r%e; at‘l‘a%wfiw:u‘tm:; J Kayser & Cob%s 27 117 115% 116 quarters 5f this year was nearly $400,- 5 - y :at year, as Eu::l today by the Com- | of ‘}‘3‘4'2:; 11n uu“;.m Oo"’;,n 5“‘[:.""“, At the same time the country de-|first nine months reports net profit of the end of the first half hour. ~Liver- | Lackawanna Stios 2 1024 10215 1024 1o 115i4 115% 1000 heavier than in 1927. B ey e vl o 1oz 01 - e creased its Tmports of like material, but | 839,939, equal to $4.95 & share on 80.- the predominance of finished manufac- hares. res to $222,007 ESTATE LOANS 519 Homes, Apartments and Business Properties wl n—New. wW—With warran District of Columbia Ppool absorbed by trade calling and con- | Li8set&Myersss51 2 101 101 101 |Term AssoS L 4 881 8elh Cotton. and Nearby tinental buying of recent months in | Lorillard 65 « 1 B6% 86% 86%|TexArk FSBk%s p 104% 3 | i i the mirket there ' They ale said fhers | s1a-0va 834 G 100% 108 105 |T8n&Eadoslk vt ; piciers, l}mc‘:g;r T it I Beath| oy i %m:::?-‘m ':mnuubu . Twin Cit : l!”wn;l' Maryland-Virginia was a_fair demand for cotton cl Midvale Steel 26 100% 99% 100 A | figures the month's r de- 4 103W 103% 103% Texss, have logged the roads into West | 20 un, 783 St Ao TR m"”"m‘“m’“n with the | cline 3-5-10-Year Terms from South America and a fair turn- Bl e s " . e fanlastured. koo, $100,- Prompt Replies ,645,000; partly 50,994,000, against | months 1 0, 55 Goodyear Plant in South. Cocddaag: 5 e 855 S5LRESEZ 80 S ES 1108 105" 108 | Aerican dyes are few. Co TREASURY CERTIFICATES. 1105 105 106 |ing“the forelgn fleld, Gordon Btewar ) G ol Nipissing .. (Beported by J. & W. Selicman & 00.) 11 108% 108 xgm vice president of Park & Tilford, says Declares 500 Per Cent Dividend. Rate—Maturity, Bid SugarBstOr 1 98% 98K 908K |in reporting that the British Tin NEW YOBK, October 26 (P).—The Poc. 15 e 3 2 106% 106% 106% | Dye ucts, Ltd., stock subscription | Mohawk Rubper Co. of Akron, Ohio, to- 52t ‘ 11 97% 97 97 |has been oversubscribed. day declared a 300 per cent stock divi- 10 Yukon Gold 88% lgs'/. —_— flmd‘nubjnct!wdnfnpmvnl 'S,' sufilkhnld. 101 1 3 ers of a propuses crease authorized i 107% 108 Lead Production. common "stock. Sales INDEPENDENT OIL —_—— Utah Pow & Lt NEW YORK, October 26 (#).—Pro- — - In hundreds. NEW YORK BANK CLEARINGS. | Werner Sur 1s b O N Y e b Stock Shares Increased. 28 Am con olifids,.. e honnds ot O $1088( Canadian Mineral Produotion, 100'5 101 Westn Union 6s 61, 10 103 102% 102 |[nish about 90 per cent of the world heas ¥ b hun NEW YORK, October 26 (Special).— | Westn Unton 614s. 18 110% 110% 110% | supply totaled 135355 short tons in| NEW YORX, October 26 (#).—The Barnsd deh T8, m week by §1.63 than the a of| NEW YORK, October 26 (#).—Min- New York bank clearings, $1413,000.- | Westinghouse bs.. 6 103% 108% 103% | September, against 136,066 tons in Au- | Long Island lighting Co. of New York A the previous week, A total of 965,604 | eral production will add $260,000,000 to 000; New York balances, $133,000.000; | Willys-Ov 6%s33. 2 103 103 103 |gust and 134,260 tons in September, | has filed notite with the secretary of pounds of tobacco more than the pre- | Canada's wealth this { New York Federal Bank balances, $118,- Wilson & Co 1st 6s. 1 10j% 101% 101% 1927 the American Bureau of Metal'Btate of an inorease in no-par common 3 %" vious week was offered on ihe markét ral ] here. 000,000, Tngstn S&T 6s w 1. 20 100% 100% 100% Statistics announces. %0 3,000,000 frdm 1,000,000 shares, o R 2 BB 1B en 555 average is dominance of on the market. Figures on sale for the stand at 8,490,358 = Bz TR EFR IS T = s WSNEFE F s ey Nortl:wes! over in cotion yarms 3 1 100% 100t 100% | o0 E8G L 43 i o the plokiri of the cfop betore freezing % Onl Sierhan - o o el 4 weather cef g e Worl 18 G : Mani PARIS BOURSE PRICES. |NYEdionsts... 2 1iow tiss Houl pRBa 105" 13 practically, conclided in Central Texas B 521000, aguinat Randall H. Hagner & Co. PARIS, October 26 (P).—Price|N ¥ Te 3 oo 1oom 100m | Untonpacist ref 65 13 s 108 | today. o i "““m.,“’.o“m"“‘?‘,m'mw, g i (Incorvorated) e R A o 10207 oan lor Phy s 110 Wool. [ dlon 95,8070, agaioat $36,062,000; Decatur 3600 - - 2 | loods, $43,363,000, against $69,420,- Thi t tes, 65 francs 65 p MINNEAPOLIS —A survey just com-| raw J /449, . Sl g e i et bl el e gl 24 10 | leted by gne of the prominent Mimne- | 000; ow maierais for'use I mami- |, & 1321 Connecticut Avenue 5 times. o 4 | sota banl shows at wool prices in » » - . ” 85 contimes. o, 124 france 14| N0 Sthies Fow 6K. 4 1051 106k 106% 811 81% | Minnesota, North and South Dakota - 148,000, " 7. | 1508 Tire & Rubber Co, in & ¢ Mortgage Loan Correspondent centimes. The dollar was quoted at [[Pacific Gas& ElGs. 1 1025 10235 10214 | Western Pacific 99% 99% |and Monthna this year have been . Jniporia: Manufastufed goods, $34- | IEares arom, Cedar- (ANew York Life Insurance Co. 25 francs 60 centimes. PacT & T 68 62 1105 105 105 & Wheel& L Ecn 88% 88% | higher than in 1927 and that the num- on O & 8" 960,000, against $82,103,000; partly " S "hmmh‘m - w‘ ulh". U TR R Pan-Amer Pets 2 104% 104% 104% | Wis Cen gn 4s 4! 821 83! | ber of shegp on farms has increased manufactured goods, $63,366,000, against ‘z‘u‘;he & planning ’ es! h a T SRS S SRR DL Eathe Exchanae | B e mterials. | 08 o1 00, against $30.018,000; | Alabam. R NEW YORK, October 26° (#).—Bar Ehila Co 68 87w 1. 2 o Plans Record Steam Plant. e 4 Youns Sor ' raw’ foods, $36,870,000, against $33.-| Atlanta, Macon and Athens, Ga. and Th M silver, 58%; Mexican dollars, 44%;. Phila&ReadCeL 6 NEW YORK, October 26 (). —Plans| New Copstruction Announced. |guein aiNmNG 8TOCKS. 160.000; raw, materials for use in mari- L SO e lltll - ST ;g;“‘ml;";f?r:;“ for building what is designed to be the| NEW YORK, October 26 ().—New | hundreds. wturlnz. $110,240,000, against $130,- 3 2 o B CHICAGO DAIRY MARKET. |vosualldiecow largest high-pressure steam plant in BCRNES ("SI0 e emny conc |} BkeE ALY R Baltimors Gus o, Barnings. ||| Serial Bmldmg BB 00, Oitines 2508 Buiin | Er Steel Car ‘:- 1 98 1%« ‘:1“ the world at the Lockland, Ohio, works | struction fifld were numerous enough DANVILLE TOBACCO SALES. BALTIMORE, October 26 (Special) Unchanged; receipts, 8,866 tubs. it oy 1158 198" '98" | were announced today by Philip Carey | to maintain;operations on a high plane ARV VAl Betsber 99 R s, 2 aaeaiall, aiile Eggs— Higher: Teceipts, 4443 cases; | RomingtonAr 7 00 98 S TR ;{,f{:‘{,'d““s' e R e arosuas. e S e Dot sonacco. market | & Pover Go. of Baltimore in the Quar- ssoclation r r ApSEy ir O} reporis. Proposed construction X n mlggfit'f; firr;ff\ignémsy: receipts, six ::::::A: Sn 6%8...141 101% 101 1014 wo‘:lmmm “n':z::w’w{:k 1 wpe‘; was valued at $63,750,000, nding &° S17A8 ‘",m"”,l mm. mwmunm“a“'to: 'm‘.”e;'i? R GravnespsrSonanieiiy cars: fowls, 22027, Springs. atar; | Sinolis O3 tegins 13 ', o 'Sw IR TIPS e Y encme. nciading road oo responding period in 1921 Subscribe NOW for stock ;‘5‘?5‘;';‘,&"2';3‘?‘;"‘°“' o 2 94% 94% 94| Amerioan Dye Sales Abroad, ction, tonped the list, with a value i in the 37th Series i vy paias 2 108% 108% 1084 | Ngw YORK, October 28 (. |Of $18,00000). 8 New é’:?na'."" RAIL REVENUES REPORT. Shares $1 Each, Payabl successtully invad= —f— e 52 Newmont "Mining BALTIMORE, October 26 (Special) — Monthly oy Opoflu.nfl revenues of the Western - land Rallway in tember was $1,56! 390, against $1830.18 for the dorre 50/0 lntere:t Taaes Voo 894811, againtt 81,928 984 paid on your savings John Finn President Thomas E. Petty Secretary 1421 You Street N.W. J. Walter Stephe: Treasurer 306 7th Street S.W. - = F SO B 2558 . ago. Net revenue was .g’;.ll!, comparing with $607,131 in it 313 B 08 o3 i3z o8 amounted to 3,357,145 pounds sold 3, 3