Evening Star Newspaper, October 30, 1928, Page 15

FINANCIAE™® ‘Consult Us First If you need money for your Real Estate financing let us have your application today. ; b Prompt Service “No Appraisal Fee . The Commercial National ¥ Company Incorporated Paid up Cash Cavital. $900.000 Commercial National Bank Blds. 1ith and G First and Second Trust Money . Available “On %omes. Apartments and “Business Properties Prevailing, Interest Rates ‘Moderate Charges i No Appraisal Fees District National - Securities Corporation “Main 2994. 1406 G St. N LOANS On Imgroved Property Yun Maryland and District ; of Columbia v 6% - . Interest + :Nb Commission Charges AWEAVER BRO Tt REALTORS 809 15th Street, N.W. K% Main 9486 T “Mort Loan ! C ndent ® ‘Zflg;oum nLIIz mnce Company Continental: Triist Co. < . 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits ime Deposits Foreign Exchanges _Commercial Credits Travelers’ Credits Travelers’ Checques Collections ' Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts . ‘Administrator, Executor " Safe Deposit Boxes Continental Trust Co. 14th and H Streets /WADE H. COOPER, President . Capital, $1,000,000.00 6% Guaranteed " Right Here at ‘Home | Potomac HIGH-GRADE BONDS IN AGTIVE DEMAND Call Money Rate of 7 1-2 Per Cent Fails to Check - Trading. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, October 30.—The third | day of call money renewals at 7!2 per | cent again failed to disturb the market for high-grade bond issucs. There was | some_accumulation in them at prices | | that have not prevailed for months. United Statcs Liberty first 3!2s sold | a full point above the recent low. Such high-grade bonds as Union Pacific first !4s, Northern Pacific 3s, Philadelphia Electric 41:s, Columbia Gas 5s and Bal- | timore & Ohio 6s were fractionally | higher. Frisco prior lien 4s wuched’ 90 and were within a quarter point of 4, per cent bonds of this road. Speculative issues did not do so well and were influenced by the uncertain trend of stocks. During the greater part of the session the normally active mining and oil convertibles were quiet at_prices only slightly above those at yesterday’s closing. Dodge 6s sold back to the level at which the big movement in them began a few weeks ago, and which carried them to 109%. Cuba Cane Sugar 8s were off 1 point. There was some heaviness on moderate sales in industrial specialties such as Na- tional Dairy Products 5%s and Reming- ton Rand 5Y5s. The foreign department contained a number of interesting movements. Some of these were due to competition with ‘the $19,900,000 offered for Oriental De- velopment Co. 5s at 90. This price and the yield of 6.24 per cent caused a further decline in the old 6s, which are still selling' on’' a lower basis than the 5l25. Both bonds are non-callable and are guaranteed by the Japanese govern- ment.. The 6s were brought out in 1923 at 92, and this year have sold’as high as 105. They are now below 98. City of Tokio 515s, also guaranteéd by Japan, declined half, and the government 61%s were slightly lower,. The Italian -industrial. convertibles The newl._ylisted Rhine- Westphalia Electric Power 6s were attiye 8t:a. half point ‘advance. inese road ' 5s showed some-life around the high:pricé of the.year. - i g0 M interest: was shown in' the $50,000,000 issue of first preferred:stock of Uni States and' International Securities tion. Just four years ago the United States ‘and - Foreign Securities Corporation sold a 6-per Cent preferred stock at par. ' Tt was an~ nounced . that' $15,000,000 ; of 414 per cent Federal Land Bank bonds will.be Jffered. on. Priday. 4 o Washington Stock Exchange SALES. Washingten Gas 6s_ “A"-$1,000 at 10575, $1,000 at 1053, $100 at 10415, W?‘s)l‘"lgljlgwn Gas Light—2 at 101%, 3 at 1%. Wfiginmn Rwy. & Elec. pfd—10 at American Security & Trust Co—5 at 455, 1 at 455. National Mtge. & Inv. pfd.—25 at 53. Sanitary Grocery Co. pfd.—10 at 153. AFTER CALL. 'n Gas 6s “B”"—$500 at 107%5. Potomac Railroad 55— $1,000 at 96. Capital Traction 5s—$500 at 101%, $1,000-at 102. Potomac Electric Cons. 55—$3,000 at 101. Mergenthaler: Linotype—100 at, 101, 100 at 101, 100 at 100, 100 at 101. Chesapeake & Potomac Tel. 55—$3,000 at 997, : . /Bid -and Asked Prices, : BONDS. ;PUBLIC UTILITY. Bid. Askld el: & Telea. 4% : 3 Amer. el ‘el & Telga. Amer. Georgetown Gas_1st Elec. 1st 55, ¢ 19! Wash., Alex & Mt. V. Washs Bt 4™ hnnip, Wlsmnlwnufiu 5s. { Wash. G Wosh. Rwy. & Biec." MISCELLANEOUS. Ross, Inc., 6%2s. B emmpertin-vandervile. 8% Chestnyt Farms Dairy Chevy Chase D5.C Paper Amer. Tel. & T Capital Traction .. Washington Gas. . Wash. Elec. 6! Ele National iggs joondl <= ZLHRaE { Naiicnal ‘Bark'of Wa TRUST COMPANY. Sec. & ‘Trust Co Merchants' Bank. National Savings & Trust. Union Trust .. Washington Loan & Tru: SAVINGS BANK. Bank of Bethesda. Commerce & Savi; East Washinston. ree | U's. Savings Bank. Washington Mechasics g FIRE INSURANCE. 2 American Corcoran ... Fircmen's | National Uioh . TITLE INSURANCE. | colmbia Title Insurance Real Estate ......... | Title & Inv." Co. of Md. | Wash. Cons. Title ofd . | MISCELLANEOUS. Barber & Ross, Inc.. com.. Chevy Chase Dairy pfd. Chestnut Farms Dairy com Chestnut Farms Dairy Commerclal Nat'l G | Saxon.(PW) 8.4+ i |J Kayser & Co6%s i Mont Power deb 63 ‘l ON NEW ‘YORK Received by Private Wire UNITED STATES. . ° (Sales are in $1.000.) Sales. High. Low. Close Lib3%s... 110 99138 991 491 Lib 1st 4% 100 22,100 22 Lib 4th 4%'s w011 1013 US3%s'43. 993 993 US3%847. 993 993 US4Ks52, 15 1122 11126 1122 FOREIGN. Argentine 5s. 191 Argentine 65 Ju 9. Argentine 6s Oct59 Argentine 63 A Argentine 6s B. Australia 4%8 5 Australia 6s 195 Australia-5s 195 100 100 8814 95% Belgium 7s 1955 Belgium 7s 1956 2 Brasil 6145 192 Brazil 78 6 Toee 100% 108% 101 5 1014 100% 8 195200 Canada 5%s 1929, . Chile 65 '60. Chile 6s 61. .. Chile 75 1943. . Chinese Gov Ry 5s. Colombla 6s Jan 61. Copenhagen 43 ‘53 Copenhagen bs ct. . Cuba 5%5...... Czecho 8s 1951 Csecho 8s 1952 Denmark 6s. . Dutch East I 68 47 Dutch East 1 68 62. El Salvador 85 48.. Finland 5%s. iinland s £ 65 109% 104% 108% 103% n 109% -Finland Framerican 7%. French 7s. French 7% German 17s. Milan 6%s. Netherlands 6s 5 New So Wales 5 New So Wales 58 Nord 6% Norway 65 1943.... Norway 6%s 1952.. Ortent Dev deb 6s. . Paris-Ly-Med Paris-Ly-Med 7s Peru 6s 67 wi. % Poland 7s (rots) Poland 8 Rhinelbe Un 7s.... Riode Janeiro 6%s Rio de Jan 8s 1946. Rio Gr Do Sul §s.... Rome 6%s.. San Paulo City Sao Paulo 85 193 9: 1074 107l 924, 924 “ 115;:‘115% 106Y% 106% 99% .99 104% 104% 97% 98 924%. 92% 99 99y 103% 103% 102% 102% 103% 103% 109% 109% 99% 953 90% . 90% e 1184 118% UtdKingdm 64837 5 104% 104% UtdSteamCopen 63 2 96 -~ 98 .98 Yokohama s wi.. 7 '95% ° 09I 5% - .-MISCELLANEOUS: ... AmAgriChem 7%s. 5 104 104% 104% Am Smit& R 1st6a 13 101 1@0% 100% Am Sugar Ref 6 103% 103% Am T & Tl tr . % 99 99 Am T & Teltrbs., 18 104% 104% 104% AmT&Tsfbs. 18 105% 106% 105% Am Tel & Tel 6%s. 6 108 '107% 107% 100 100% 5 100% . 16 88% 88% 88l . 55 106% 105% 105% Anacondacvdb 7s. 80 144% 142 142 Andes Copper 181 161% 160 - 160 Armour&Co4 %839 16 92% 92% 92% Armour Del 5%s 27 92% 92% 92% Barnsdall 6s 1940.. 88 134%. 133% 134% Bell Tel Pa6s B... 1 106%_106% 106% Bethlehm Stl pmbs 2 101% 101% 101% Beth Steelrf 6s.... 5 102% 102 102% Beth Steel 63%s63. 12 103 1025 103 BethlehemSteel 65 2 105 104% 104% _Bklyn Union 6%s.. 22 307 304 307 Certain-Tdb ¥%srots 20 90 21 96% 96% 106'% 1061 100% 101 8% . 8% 105% - 105% 104 104% % 1% % T4 103% 103% 104% 104% 108% 110 103% 103% 1124% 112% 102% 102% 107 107% 92% 92% 100 - 100% SRt Setne 78 42. . Serbs Crot Slo 8s Shinyetsu 6%s §. Solssons 6s. » SornaBannmanme ® Consumers Pow Cuba Canecv 7s, Cuba Cane 8s. .. Cuban Am Sug 8; Detroit £dison 5s 40 Detroit Edison 6: Dodge Fisk Rubber Gen Mot Ac Cor 6s. Goodrich 6%48..... ‘Goodyear s rots. . Humble Ol1 68 1.103% 5 1047 4 110 49 104 8 116% 19 102% 4 107% 56 92% 13 100% THE_EVENING STAR. “WASHINGTON, D. . TUESDAY, OCTOBER 301028 “FINANCIALY Direct to The Star Office RAILROAD. Sales. High. Ann Arbor 4 Atchison gen At) & Dan 1sf Brdway & 7th Av'5: Brooklyn Elec 6%s Brooklyn Elev 68 Bkiyn Manhat'6 Canada South 5s. Can Nat 4%s 30 Can Nat 4%s 64 Can Nat 4 %867 Car Clinch & O 5s.. Canad Pac deb 4 Can Pac 415 46 Central of Ga §%s. Central of Ga 6s. Central Pacific 4 Cent Pac 1st 68 Chesa Corp 53 w i Ches & O cv 4 % Ches & O gn 4% Chi & Alton 3s... Chi&B tll gn 65 61, ™| Chi Gt West 4 69. 5117, CMSP&Pacad) 6803161 Chi&NW gen4s.. 2 20 ChiR1&Pgn ChiR1&Prf . CR1Paca¥%swi. Chi Union Sta 6% Chi & W Ind en 4s. C& W 16%s62.... CCC&StLrf6sA. C&Sl1st4s29 Cuba Nor §%s cts. Del & Hud 1st rf.4s Den & Rio G cn ¢s. D Rio G West bs -| Erie (Pa) elt tr o DX RSO NARRNEARE0 NN NTI G B0 NN S Erie & Jersey Fla Bast C6s 74... Gr Trunk stdb 6 | Gt Nor 4%s 76 D Grt Northn 4%s E. Great North 5%s.. Great Nor gen 7s. . Hav El Ry 6%s 51, Hud & Man aj 58 Hud & Man ref 5 11 Cent ref 4s 83% 8 s Int Rapid Tran bs. Int Rap Tr 6s stpd. Int Rap Trans 7s. . Int&GtNoradjés 52 Int Rys C A 68 72.. Int Ry C Am 6s 41. Int Ry CA 6%sret Kan City F't S 4s... Kan City Term 4s. Lake Shore 48 31. . LehiVgen 43%s 2003 Long Is rf 45 49... Louis&Nash uni Louis & Nash 7s Man Ry 15t 90..... | Mil E1 Ry & L 65 61 Minn&StL 1d 55 62. M St P&SSM cn 4s, M StP&SSM cn §s. . MStP&SSM5s385td M St P & SSM 5%s. MK &Tlst4s.... MK &Tadj 68.... MK&TprinbsA. Mo Pacific gen ¢s.. Mo Pac 53 A 65 Mo PacbsF 77 © aRmGcmann - o EANa® B& NYNH&H4% NY NH&H cv db NY NH&H clt 6s. . NY O&W gen 48 655. NYRys6s65..... N Y 'State Ry 4348, NYW&B4%s. Nor Pac 38 2047... Northern Pacific 48 Northern Pacr 1 6s Ore Short L rfs 4s. A e anone SranleBaSe nEEnalnrERatnarns Pennsy| gold 7s.. Pere Marq 1st 63.. . Port R L& P b8 42, Rlo G West cl 4s. RIArk&L ¢%s.. St L IM&S 4829... Stl 1 M&S gn 68 31 St L IM&S R&G 4s. StL&SFpl4sA. StL&SFr4%s78 StL&SFprin6s. St L S Wcon 4832, San-A & Arn P 4s.. 1llinois Bell 1st 6s. Indiana Steel 5! Intl Cement 68 Intl Match 68 47 Int Mer Marine 6 Int Paper 68 47 Inter Paper 6s Int Tel&Teleg 2 104% 104% 104% 10874 103% 100 100 9R% 98K, 103 103 98 98 101% 101% 96% 96% 116% 116% 104% 104% 104% 104% 4 109% 109% 104% 104% 102 102 108% 103% 4 102 10245 100 100%; 103% 103% 101 101 86% 8Th 108 103 10674 106% 104% 1047% 116% 115% 107 107 1104 110% 100% 100% 102 102% 101%. 101% 1054 105% 105% 106% Kan City P & L 6s. KanG&E6 Kelly-Spring 8 Laclede G 6% 52. . Ligget&Myers5s51 ‘Louisv G & B 58 52 ManatiSug sf 7%; Midvale Steel 63 Mont Power 6 43. Mor's&Co 18t 4 18, SeabA L adj 58 1949 Seab A Lcon 6s.. SB All Fla 6336 A Sou Pac4829..... Sou Pacifig ref 4 Sou Pac 4%s reis. Sou Ry gen 4s Sou Ry Con bs. Sou Ry 6s 66 Sou Ry 6%8..., TexArk FS 6%s 60, Texas & Pacific 1st Tex & Pac bs 18 1977 Third Ave ref 4s 60 Third Ave adj UnionPaclst ref 5s Virginia Ry 1st b8, Va Ry & P B .. Whash 434578 rets Wabash 18 1 Wheel & L E cn ¢s. Wilks-B & El 18t 5s - 614 102% 5 110% 110% 100% 100% ONDS o i) 92'% 87 936 4. 8%, 69 8474 84tz -96% 102% 83% 106 New Bond Issues - | Epecial Dispatch to The Star. NEW YORK, October 30.—A new is+ i | ing ‘| morning at.2 cents a bunch. 4| were quoted at 2 and beets at 4 and. 5 ARE LOWER HERE Dealers Beligve Heavy Fros Last Night May Have Damaged Crops. Heavy. frost last night was mentioned by dealers in fruits and vegetables ‘along the wholesale line this morning as possibly having caused additionak damage to crops. It apparently had /|.no bearing upon market conditions this morning, supplies of fruits. and. brisk, however, according to. dealers, al- though prices were reported low. . Homegrown tomatoes are almost-off the market. There were few to be had $2.50 and $3 a 2-peck basket. Green ones, large enough for ripening indoors, were offered at 75 cents and $1 a bas- ket. Country apples were offered at 99% | from 50 cents to $1 a bushel. Prices Quoted. Pumpkins were by no means plenti- ful, most of the stock suitable for H: Jloween celebrations having n cleaned up prior to this morning. The\ smallest of such varieties this morn- /ing found ready sale at 25 ¢ents, show pumpkins from county fairs, still be- eld as high as $10. < Spinach and kale brought 75 cents a bushel basket, parsnips sold at $1.50 and. $2, while turnips, were offered at $1 and $1.25. -Onions of the. Spring va- riety and radishes were plentiful thtl: ‘arTo cents, extra quality beets selling at.8 cents. . ; e Cauliflower and celery were amang the shipped-in. vegetables . that ere. plentiful and offered at lower prices. Dealers also Had string beans and ‘cel” ery to offer the retail trade, the former’ from Florida and the latter from- the: West. Butter prices were' slightly nd-‘ vanced, while the butter market con- tinued firm. o ) Not many changes in prices since yes- terday were reported. % Today's Wholesale Market. Butter—One-pound prints, - 50a51; tub, 49a50; store packed, 30a32. Eggs—Fresh, selected, 45a48; hen- nery, 53a55; current receipts, 45; stor- e, 35. B'Poultry, allve—Turkeys, 35a40; Spring chickens, 30232; Leghorns, 27a28; fowls,. 23a30; Leghorns, 22a23; roosters, 19a2 keats, young, 60a80; old, 30. Dressed,: turkeys, 40a45. Spring chickens; 38a40; Leghorns, 27a28; capons, large, 42a45; small, 30a35; ducks, 28a30; keats; young, 80a1.00. y | Meats, fresh killed—Beef, 20a25; veal,| 20a25; lamb, 25a28; pork loin, 28; fresh-! hams, 24a25;° fresh shoulders, * 25a28; " smoked hams, 27; smoked shoulders, 22; bacon, 20a22; lard, 14al6. 4 Live stock—Calves, 15; lambs, 13. Fruit and Vegetable Review. Thie daily market report on ' fruits and vegetables '(compiled by the Mar+ ket News Service, Bureau of Agricul+ tural Ecopomics) says: g Applesgsupplles liberal; = demand ‘moderate, market steady; boxes, Wash- ington, meédium to large size, extra fanéy Delicious, 3.25; extra fancy Jonas thans, 2.50a2.73; extra fancy Romes, large to very large size, 2.75; ‘bushel baskets, Virginia, U. S No. 1, 2}, inches up, Grimes and Staymans, 1.25a1.50. Cabl upplies, moderate type, 2.15a2.25 hundredweight, Danish type,” 2.25. Celery—Supplies moderate; demahd light, miarket steady, New York thirds crates, 2.75a3.00; same ordinary quality and conlglpnbdz.oogfls. 2 Grapes—Supplles moderate; moderate, . market steady; ,Califofnia, lugs Flame Tokays, 1.25a1.50. . Lettuce—Supplies light; demand mod- erate, market about steady; California, crates, Iceberg type, 4-5 dozens, 5.25a 5.50. Onions—Supplies light; demand light, market steady; -Michigan and Indiana, 100-pound sacks, yellows, U. 8. No. 1, 3.7524.00. Potatoes—Supplies moderate; demand light, market steady; Pennsylvania, 150 pound sacks, round whites, U. S. No. 1, 2.00a2.15; Michigan, 150-pound sacks, Russet Rjrals, U. 8. No. 1, 2.15a2.25, New York, 150-pound sacks, round whites, U. 8. No. 1, 2.10. Sweet potatoes—Supplies moderate; demand light, market dul nearby Maryland, bushel baskets, Nancy Halls, No. 1, 1.00a1.25, Pears—Supplies light; deménd light, market dull; few sales. New York, bushel baskets Bartletts, No. 1, 3.00a 3.2! .25, Caulifiower—Supplies - moderate; de- mand light, market ' slightly -weaker. .50. Carrots—Supplies light; - demand| light, market dull. California, West- ern lettuce crates, bunched, 3.00. Tomatoes—Supplies moderate; - de- mand light, t steady. California, lugs, ripes, wrapped, best mostly 3.00; few poor condition lower. . TIRE PRICES REDUCED. NEW YORK, October 30 (@) .— 'Major tire companies have reduced prices on their entire lines. B..F.. Goodrich Co. has cut its first-grade tire prices from 2% to 5 per cent, .and its second grade from 17% to 20.per lcent. All reductions are affective Octo- ber, 26. . United States Rubher Co., Goodyear ‘Tire & Rubber Co., Firestone Tire -& . Rubber Co. and .other major companies have either made corre- sponding reductions or are expected to follow suit within the next 48 hours. PARIS BOURSE PRICES. PARIS, October 30 (#).—Prices were easy on the Bourse today. cent rentes, 64 francs 95 centimet; 5 per cent loan, 93 francs 90 centimes. Exchange on London, 124 francs 143 centimes. The dollar was quoted at.25 francs 60%; centimes, Italian Firm Increases Capital. NEW YORK, October 30 (P).—The Itallan Gas Co..of Turin, Italy, which was financed in. the American market,. has increased its capital from 146,000,000, to 260,000,000 lire by issuing shares of 100 lire par. The.lira is equal to about 5% cents. —_————— Motor Gasoline Prices. NEW YORK, October 30 (#).—In Chicago refinery market United States %_ and 9% cents VEGETABLE PRICES: apples being heavy.. -Business was.not.| this' morning, dealers quoting them. at | New 'York, Long Island, crates, mostly | gin: 2.5 h : Three per 9 11,140,000 , G K% \ommddity: Notes 5 Turkeys. FORT WORTH, October 30.—The Texas turkey orop will be 7 per cent smaller than that of last year, accord- ing to the Department of Agriculture figures. - The condition of the birds is only rated as fair. * Knit Geods. UTICA, N.' Y.—Color is the thing which is being emphisized today in the operations of members of ‘the Asso- clated Knit Urderwear Association of colorings is counted on to sell garments sils and stockings. Dairy Products. butter market has been due to reparts jof curtailed praduction, aecording -to dealers, Creamery buttermakers report | & curtailment of, 1.7 per-cent as .com~ pared with-last year. Retail Trade. ATLANTA.—The Southern Grocery | Stores, Inc. 'operating 558 grocery | stores in the Southeast, report sales for the first three quarters of 1928 $1/762,705 higher than for the corre- | sponding period of 1927. . B g ol NORTH AMERICAN NET UP. icufiplny Reports $4.40 Per Share, Against $3.86 Last Year. | Special Dispatch to The Star. solidated income statement the North American Co. and subsidiary companies for the 12 months ended September 30, 1928, shows $20,668,~ 750.23 for common stock after all oper~ ating expenses, interest charges, pre- ferred dividends and depreciation and all other reserves. 2 ‘These earnings are an increase of 25,98 per cent over those for the 12 months ended September 30, 1927, andy| are equal to $4.40 per share on the aver- age number of shares of North Amer~ dcan common stock outstanding during the 12 months ended September 30, 11928, compared with $3.86 per share on the average number of shares outstand- dng during the preceding 12 months' period. £ Gross earnings were $130,668,369.41. Operating expenses, including mai tenance, taxes and’ all reserves except mnet income from operation was ‘$62,- 945,278.28. ! CHICAGO LIVE STOCK MARKET CHICAGO, Qctober 30. (#).—(U. 8. Department of = Agriculture)—Hogs— | Receipts, 36,000 head; market opened 10a15 lower; later trade, 10a25 lower; top, 9.25 paid for cheice 200-250 pound wejghts; butchers, medi 250-350 pounds, 8.75a9.25; pounds, 8.75a9.25; 160-200 . 29.25; 130-160- pounds, ' 8,15a9.15; pack- ing sows, 8.00a8.50; pigs, meditm to choice, 90-130: pounds, 8.00a8.75. ° Cattle—Receipts, 8,000 head; calves, 3,000 head; fed steers, steady to 25 higher; weighty kinds up most; in-be- tween grade light heifer and mixed yearlings, slow, weak; general she stock market draggy; best heavy steors, 17. slaughter ' classes, :steers, good . and choice, 1,300-1,500 pounds, 14.00a17.5( 1,100-1,300 pounds, 13.75a17.50; 950- 3,100 pounds, 13.75a17.75; common and medium, 850 pounds’ up, 8.25al3. | fed yearlings, good and choice, 750-950 lmundx, 14.00a17.25; heifers, good and choice, 850 pounds down, 13,50a16 50; common and medium, 7.75a13.50; cows, good and choice, 9.25a11.75; common and medium, 7.25a9.25; low cutter and cutter, 5.50a7.25; bulls, good and choice (beef), 9.50a10.75; cutter to medium, 6.7589.50; . vealers (milk fec), good and choice, 13.50a15.00; medium, °12.50: ; cull and common, 7.50412. choice (all weights), 10.50a12.50; com-, mon and medium, 8.50a10.50. ° Sheep—Receipts, 14,000 head; fat lambs opening slow account of stronger asking prices; early. bids and sales in instances lower on paper actually, about steady quality considered; nct much change on sheep and feeding lambs, good and choice (92 pounds down), 13.00a14.00; medium, 12.00a13.00; cull and common, 8,00212,00; <wes. medium to choicé (150 pounds down), 4.25a6.75; cull and common, 1.75a5.00; feeder lambs, good and choice, 12,25a13.30. ey g cdcec DANVILLE TOBACCO SALES. DANVILLE, Va, October 30 (#).— Over a million pounds of tobacco were sold ‘on the Danville tobacco market yesterday, according to H. W. Stigall, supervisor of sales on the market. While onfcinl figures wene not available, the average was estimated at over $18 per 100 pounds. * diesp The better grades of tobacco are be- ‘ginning to come in on the Danville market, while the lower grades have predominated so. far this season. The sales lasted until late in the afternoon and about 80,000 pounds were left on the floors of the warehouses and wil be disposed of today. ’ Rail Revenue Decreases. =~ WILMINGTON, N. C., October 30 (#). —Atlantic Coast Line Railroad officials announced from the general offices here a decrease of $1,042831 -in railway operating revenue during September over the amount for the same month t year. ]“A }:lecrense of $184,704 is also shown in the net railway operating income for September, as_compared with the total for the same month of 1927. . GERMAN BONDS AND STOCKS.. SF;!ull Dispatch to The Star. NEW YORK, October 30.— Bid. 55.00 Asked. d Loan with draw SN er J60°R ML . 60,00, Govt Red, Loa: B SR ARG Be3meEES L 88,00l & Bafats Austrlan A E G Rudolph Karstadt SHORT-TERM SECURITIES. America. ' The ’artistic combindtion of | just.as it has sold sheets, kitchen uteh- |’ CHICAGO.—Recent strength’ in _fhe | NEW YORK, October 30.—The con- |_ depreciation, were $67/723,091.13, and | 88833333383853 5333383333 PRODUCERS STRVE TO REDUCE WASTE U.;e of Byjproducts. Is Also Extended in Economy Campaign. BY J. C. ROYCE. Special Dispatch to The Star. NEW YORK, October 30.—Profit margins must be widened, and it does not matter on which side of the busi- ‘ness fabric the widening takes place: That is the. conclusion ‘ that “big pro- ‘ducers ‘have reached all over the country. One of the three largest corporations in the world—the United States Steel Corporation—-and its subsidiaries, have just concluded a' period devoted to an attempt to “keap the waste basket of the industry emipty.” - The : results; will add hundreds of thousands_of dollars annually to the net income of the: eorporation. It will ‘'permit the sale of goods at figures ad- 'vantageous to the ‘consumer and will Istimulate. consumption and activity in a s of supplemental lines. The largest- saving- made in this period was in time, and time is money, not- fige uratively but actually. + With wages high and selling prices low, waste has been the deciding factor between profit and loss in many con- cerns. The margin has been widened by efficiency of machinery and equip- ment, by increase in personal effective- ness of employes and by utilization of by-products. B . The meat packers, for example, are utilizing every by-product, down to the long hairs in calves’ ears. Waste has .been turned into profit by the use of gases from cement kilns and blast Jfurnaces. These are utilized to produce heat, light and power, and the 25 per .cent of . the coal which went up in ,smoke in. the old beehive coke ovens now is turned into by-products almost .as valuable as the coal itself, including tar, ammonia sulphate, liquid ammonia and. benzol, About half the gas is used -to heat the new by-product coke, ovens Athenrlnsech;es‘ i last furnace , once a problem. for disposal, is used in the manufacture of e e e effo) owever, have been directed at the oflfie and executive side of the business. Wdstes have been traced o traditional methods of management, surplus of labor, ‘lack of labor-saving .devices, lack of standardization of forms -and spoilage of materials. It has been found that elimination of waste in offices does not' consist in using short fiencfls and saving paper eand ink. It wasted time that counts. 0| The greatest effort at present 60 | plan the work of each cflk‘g 50 flm‘cstht: ‘most may be accomplish g, plished in the least ned with time salvage in mind ‘and between departments are being to down to obviate duplication of egflm.m Brass Products Advanced. NEW YORK, October 30 (#). American Brass Co. of Boston has ad- vanced brass préducts 1/, cent a pound, copper products' 3 cent and copper.| ‘wire Y; cent. NEW. YORK BANK.CLEARINGS. NEW YORK, October 30 (Special) .— glnew York bank clearings, 31,629,01!0.- 000,00 New York Federal credit balances, slos,ow,ofm, New York Stock Exchange Washingto: Curb Market New York Coffee and Sugar Exchange New York ¥ Peaaduay Baltimore Boston Telephone Main 245-6-7 Not Always Clear limited. Many Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., October 30.— Potatoes, white, 100 pounds, 1.00a1.10; sweet potatoes, barrel, 1.50a2.75; bushel, 75a1.00; yams, barrel, 2.00a2.50; beans; bushel, 1.5002.75; beets, 100, 3.50a5.00; broccoli, bushel, 50a75; cabbage, 100, © 3.00a6.00; carrots, 100, 4.00a6.00; cel- ery, crate, 1.50a2.75; cauliflower, crate, 1.75a2.50; kale, bushel, 50a60;- lettuce, - bushel, 75a1.25; lima beans, bushel 3.0026.00; onions, 100 pounds, 2:00a3.50;; oysterplants, 100, 5.00a7.00; parsnips basket, 40a60: peppers, basket, 25a4 pumpkins, 100, 8.00a20.00; spinaci bushel, 40a75; tomatoes, basket, 35a1.00;" packing stock, bushel, 75a1.00; turnips, basket, 25a35. Apples, bushel, 75a2.00; crabapples, bushel, 200a2.50; cranberries, . box, 3.40a4.00; damsons, bushel, 1.50a2.50; grapes, basket, 50a60; pears, bush: 1.25a3.00; grapefruit, box, 3.5025.00; oranges, box, 3.5025.50: plums, bushel, 1.50a2.00; quinces, bushel, 1.25a2.25. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, no, quotations: No. 2 red Winter, garlicky, spot, 1.343;; October delivery, 1343;; November delivery, 1.347;; cargoes on grade, no sales; bag lots, no sales. Corn—No. 2, domestic, 1.20; cob corn, 5.0085.50. . Oats—No. 2 white, 5212a53'2; No. 8, 50a51.. Rye—Nearby, 1.10a}.20. Hay—Recelpts, 16 tons. New hay Is arriving in only limited quantity. It is, therefore, not being officially graded and sells strictly: on its merits, within range of 16:00218.00 & ton, timothy and clover grades. Straw—No. 1 wheat, 11.00a12.00 ton; No. 2 oat, 12.00a13.00. Dairy Market. Live poultry—Young turkeys, pound, 45; old, 35a40; Spring chickens, 20a33; Leghorns, 20a28; old hens, 24a33; Leg- horns, 24a25; ‘small' and" poor, 20a22; old roosters, 18a20; guinea fowls, each, 40a85; ducks, 24a26; small and old ducks, 18a20; pigeons, pair, 30. Eggs—Receips, 1,200 cas and nearby ‘selected whites, free cases, dozen, ' 47a48; firéts, 42; cufrent re- ceipts, 40. i Butter—Good and fancy creamery, ° pound, 45a49; prints, 49a51; blocks, 47a 49; ladles, 35a3i store packed, 33, process butter, 41242 s CHICAGO DAIRY MARKET. CHICAGO, October 30 (#).—Butter lower; receipts, 9,996 tubs; creamery, extras, 471:; standards, 45%; extra firsts, 46a47; firsts, 4312a45; seconds, 41242, Eggs unchanged; receipts, 6,497 cases. ~ Poultry, alive, steady; receipts, 13 ! cars; fowls, 26;' Springs, 25%a26';: roosters, 20; turkeys, 30a35; ducks, 17a ¢ 23; geese, 23. TREASURY CERTIFICATES. st e 5 & v sy S Toas 3 en’s routes are being plan- | 43 many barriers which have been erected | 3125 Mar- /4 Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. L. Weller &, Wosh L. & Trust & F NW. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. Joseph New York bank balances, $133,- || Philadelphia The Ritz-Carlton Chicago 231 So.. La Salle St. Private Wires to 1520 K Street Main 475 'F. B. KEECH & COMPANY Members New York Rubber Exchange Chicago Board of Trade New York Cotton New Orleans Cotten Exchange Liverpool Cotton Exchange, Ltd. (Associate mémbers) 1510 H STREET N.W., WASHINGTON, D. C. Providence Grosvenor Building o Providence Richmond Cable “Keechco” HE many factors relat- 1ng to the selection otan investment are not always cléar to the man or woman whose investment experienge and whose time for the study of investments are somewhat investors, however, have found that this diffi- cuity may’ be casily ovércome by consulting this organiza- tion of bond specialists, whose daily business it is to simplify % Gt | & sue of $19,900,000 Oriental Development | oviously. — Several large Oklahoma Co., Ltd., external loan 30-year 5!z per To W9 vemie et et The aret fone | apts-cnaimere cor. ow asan... P 85" 1t bonds, maturing [to 9% cents. rst e | Allis-Chalmers Co: 8s 1987. .. a2 :;o':rim‘:el: ldeblesl-;:reis beud:z mfirkete: .any of the leading units have reduced: Aluminum 'S5 of Amer. 55 1933 1004 102 today by National City Co. at 90 to 1o the 9%-cent price in several months. 52{:.:{%’5 ?l&p‘.‘l.; T,'.L It‘o‘n““' 1 yleld 6.24 -per cent. Thc bonds are T AR t. Corp. 4 non-caliatje and are uncinditionlly New Firm Financed. I ot Gasadn n:lhu guaran! y the iper lapanese 3 % NEW YORK, October 30 (#).—New government as to interest. . fnancing foday Includes an_ oftering 30, common shares of Ch J. & W. Seligman & Co. and Graham, | 25 20000 10 Dar oo O ioago, priced Parsons’ & O0. are negotiating for Process at $28.50 & share. The company man- securities of Columbia River, Longview | ufactures and distributes direct to the Bridge Co., and are expected to offer- consumer stationery and greeting urdx Gen. this week: $3,000,000 of first mortgage. Sugar Prices: Reduced. L t sinking fund gold bonds o) fifeo?,goo u:fp:&};wm'ammm{"nng NEW YORE, October 30 (A).—Lead- (] cen! oxbgm oow hich has been l.nsn:dunr, have reduced the , W ore mmd to construct a toll bridge across ‘Longvie HY seek far afield, or your funds in fluctuating markets? Guaranty Securities, secured by fi mortgages on * completed properties right here in Washington, pay you 6%, sand give: you a guarantee of safety backed by this’ Corpora- I resources of ymore than £3,400,000. Philips Petro 6%s. Por Ric Am Tob 68 '‘Posta) Tel & C6%s Pressd Steel Car 5s Public Service 4 %8 RemingtorAr Rem Knd 6%s war. Sinclatr O11 Sinclair U11 6%, Sinclatr O1l 7s. Sinclair Crude 6%s Sin Pipe Line 68 the problems and to advance the interests of investors, (Reported by J. & W. Seligman & Co.) t'l Mtge. & I Bloples Drus Stores pld s"‘f{ézv Grosers’ Go. b o ; et & Whrn. Gorb. Wasn Cony. 'Hall ofd. § Mech. Mtge. co Writé to us, or come to see us, whenever investment problems arise. We shall be glad to help you. J-A.l. Iglehart & Co. : . Investment Banhers, . 719 FIFTEENTH ST., WASHINGTON, D. C. BALTIMORE, MD, WILKES-BARRE, FA. _CLARKSEURG, W. VA, _'ILII'NGNN. DEL. X zZ—23 22 99% 14 101% 0 & “Ex-dividend. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) g checks Writetoday for the 24-page illus-. * tratedl booklet whigh explains in {detail how thoroughly Guaranty Securities are safeguarded. REAL ESTATE MORTGAGE & GUARANTY " CDRPORATION Capital Resources §$3,100,000 24 Jackson Place Southwest Bell bs. Stand O1l N J 68 46 SugarEstOriente7s TennElecPow 88 47 23855558s55ese » & 6 101 3 101 2 98 98 8 106 106 100% 101 s 3 e ‘sugar price, to 5.10° cents a.’ ‘pound, off 15 points. B v Columbia River connecting w,'| ‘Wash., and Roinler, Oreg., midway be- 11 108% 103% tween Portland and the mouth of the 15 103% 1025% river.’ : (268514 pois 124 388 Plans Company Purchase. dent T Metbnermey of the. Rationdl | i & 18 1 110% 110% 110% —t———— * len ._H, Mclnnerhey of ational 3 . 10 104 103% 103% Dairy Products Corporations of 'New [ Westinghouse E. & M. 55 1946. 2103 1020 109 SILVER QUQTATIONS. York, adniitted today the company was |’ NEW_ YORK, October 30 (#).—Bar negnunln&w acquire the Arctic Dairy 6 1075 107 107% 19 100% 100% 100% silver, 58; Mexican dellars, 437%. Products of Detroit, 00 98% 9974 102% 103 103 103% Ofl Co. of Calif. 85 1935. Westn Unlon ng Co_ 518 1038.. W tn Unton & Westinghouse b Willys-Ov 64 33. WinRepeatAr 743, ¥ngstn S&T 6s w i, Treastry receipts October: 27 were $6.440,931.82; expenditures, $9,252,- 194.90; balance, $224;677,330.86. Loyola Univercity, Chicago, offers a course of 5% lectures in rural sociology.