Evening Star Newspaper, October 31, 1928, Page 15

TINANCTARL.” “ NEW BOND ISSUES SELL AT PREMIUM Peru 6s, American Thread and Others Change Hands Above Syndicate Price. BY CHARLES F. SPEARE, Special Dispatch to The Star. NEW YORK, October 31.—Of greater significance than the day's movements in listed bonds was the reception given today to new issues and the fact that they sold at a premium over ihe sub- scription price. e Sitution now contrasts with that of last Spring, when most of the new ~fferings went lo a discount. Among tne bonds that have recently been of- fered, the Peru 6s, Rhine Westplialia Electric 6, Oriental Developmant 6s and the Iiseder Steel Corporation 6s, offered today, are all nbove their syndi- cate prices, The American Thread com- pany first mortgage 5!2 per cent bonds were heavily oversubscribed, with the bid side of the market thi afternoon very strong. Two of the day funding operatio eder Steel 6s the $10,000,000 cflering is to be used, in part, to retire approx- imately $7.000,000 of 7s at 103. These were brought out in 1926, at 94. The American Thread 5':s, amounting to f $4,000,000, help to retire $5752,000 6 per cent bonds due December 1. In both cases this is constructive financ- ing. The other large issue today was that of the City of New Orleans, whose 415 per cent bonds were offered. and weil sold on a 4.35. basis. ‘ Starting at a lower level, the copper | convertibles subsequently _improved with Anaconda Copper 7s up 3% points and Andes Coppes 7s about a point. The oil convertibles did not do so well. There were declines ranging from 3| to 1 points in Barnsdall 6s, Trans- continental 6':s and Colon 6s. Other industrials were firmer, notably Botony Mills 6!5s, which gained about 4 points and have risen nearly 13 points in the past week; Eastern Cuba Sugar 715s, Cuba Cane Sugar 8s and Bethlehem s and 6s. The rubber and tire bos issues represented re- s were fractionally better in spite of the cut in prices of tires an- nounced yesterday. High-grade bonds were held back by the continued rate of 71, per cent for call money, although time loans and acceptances show an easier trend.| Among the junior rails the strength of Denver & Rio Grande Western 5is Was a feature, these bonds selling at approximately their high for the year. Italian industrials and municipals, Japanese municipals and industrials, French _government and _municipals and rails, and German issues were moderately strong. There was a higher price level for nearly all United | States Government securities. except the first Liberty 3!is. Baltimore Markets Special Dispatch to The Ster. BALTIMORE, Md., October 31.— Potatoes, white, 100 pounds, 1.00a1.10; sweet potatoes, barrel, 1.50a2.75; bushel, 75a1.00; yams, barrel, 1.75a2.25; beéts, 100, 4.00a5.00; broccoli, bushel, 60a75; cabbage, 100, 3.00a6.00; carrots, 100, 4.00a6.00; celery, crate, 1.50a2.75; cauli- flower, crate, 1.75a2.50; kale, bushel, 50a60; lettuce, bushel, 75a1.25; .lima beans, bushel, 300a5.00; onions, 100 pounds, 2.00a3.50; oysterplants, 6.00a7.00; parsnips, basket, 50a70; pep- | pers, basket, 30a40; pumpkins, 100, 8.00a20.00; spinach, bushel, 40a70; to- matoes, basket, 50a1.25; turnips, bas- ket,:25a40. A) , bushel, 75a2.00; crabapples, bushel, 2.00a2.50; cranberries, box, 3.50a4.25; damsons, bushel, 1.50a2.00; grapes, basket, 60a65; pears, bushel, 1.2523.00; grapefruit, box, 3.5025.00; oranges, box, 3.50a6.00; plums, bushel, 1.5022.00; quinces, bushel, 50a1.50. Hay and Grain Prices. ‘Wheat—No. 2 fed Winter, export, no quotations; No. 2 red Winter, garlicky, spot, 1.3¢%; November delivery, 1.343%; cargoes on grade, no sales; bag lots, no sales. Corn—No: 2, domestic, 1.15; cob corn, new, 4.0024.25. Oats—No. 2 white, 5212a53!%; No. 3, 50a51. Rye—Nearby, 1,10a1.20. rg% Receipts, none. Neéw Hhay is al g in only limited quantity. It is, therefore, not being officially graded and sells strictly on its merits, within range of 16.00218.00 a 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, 20a32; leghorns, 20a28; old hens, 24a32; 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—Receipts, 2,903 cases; native and ‘nearby selected whites, free cases, dozen, 47248, firsts, 42; current receipts, 40. : Butter—Good and fancy creamery, pound, 46a491:; prints, 49'5a51%5; Blocks, 47'5a491 ladles, 35a38; store packed, 33; process butter, 41a42. DECREPIT MOTOR CARS VANISH FROM CAMPUS “Roll Worses” Give Way to Neat Autos at Northwestern University. EVANSTON, Il (#)—The decrepit old automobile, plastered with collegiate wisecracks, has seen its day. Instead of the “tin cans” and “rolls worses” that cluttered up the North- western University campus, there now are smart little roadsters and trim, shiny closed cars for those who can afford to drive a car. Raymond Kraft has an explanation. “When the high school students went in for eccentric cars the collegian turned to the severe and dignified,” he said. “The co-ed tired of the rattle traps, They had exhausted their laugh: ‘Fhe number of Northwestern Uni- versity students driving cars to classes has increased more than 100 per cent since last year, according to school statistics. “Tim Cans” and NEW YORK PRODUCE MARKET NEW YORK, October 31 (Special).— Upstate New York celery in the rough, packed . in two-thirds, wholesaled at 2.50a3.25 on the good to fancy, 1.75a2.25 on fair quality and 1.00a1.50 on_poor. The top price obtained on 100-pound sacks of yellow onions from the Middle Western States, 4.25. Imported yellow onions from Holland sold at principally 3.65 per sack. Concord grapes from Western and Central New York in 12-quart baskets sold at 55a621.. California juice grapes sold at 60: per lug. Upstate New York round white po- tatoes in bulk peddled out at 1.90a2.00 per 180 pounds, while Maine Green Mountains realized 2.10a2.25, rarely higher. Report on Lead Supplies. NEW YORK, October 31 (#).—Sep- tember exports of lead in unmanufac- tured form totaled 10,685 metric tons, against 8,532 tons in August. Unman- ufactured copper exporis in September were 30987 metric tons, against 36,205 tons in August, the American Bureau of tal Statistics reports, In the case of the | THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, OCTOBER 31, 1928 1 ANCIAL,” UNITED (Sales a 262 1 Argentine 6s Ju by. Argentine 6s Oct59 Argentine 6s A. Brazil 648 Brasil 645 1927, Brasil Braxil 8 Bremen State 7s. Canada 55 1931, Canada 5s 1952. Canada 5%% 1929 Chile 65 '60. Chile 6s 61. Chile 73 1943. Chinese Gov Ry Christiania 6s. . Colombia Cobenhagen 58 ct. . Cuba 5%s Danish Munic 83 A. Denmark 68....... Dutch East 168 47. Dutch East 1 6s 62, El Salvador 8s 48 Finland 6%s. Winland s £ 65 45. Finland 7s.. | French 7%s....0 German 7s Ger Am Bai Hungary T%s. Irish Free State b: italy 7s.... Italian Pub S 7s. Mexico 4s 10 asntd. Milan 6%s. Montevideo Netherlands 6s 54 New So Wales 57s. Nord 614s.... orway 58 1963. . Norway 514s. Norway 65 1943... Norway 6s 194 Norway 6%s 1952.. Orient Dev deb 6 Paris-Ly-Med 6s.. Paris-Ly-Med 7 Peru6s 67 wi. Rome 6% Saxon (PW) 7 Seine 78 42... Serbs Crot Slo 8 Utd Kingm 5%829. Yokohama 6a wi.. AmAgriChem 7%s. Am Smit & R 1st 68 Am Sugar Ref 6s. AmT&Teltr & AmT&Tcltr AmT&Tsfbs Am Tel & Tel 6% Am Water Wks bs, Am Writ Paper 6s. Anaconda 1st 635 Anaconda cv db 7s. Armour&Co4%s39 Bethlehm Sti pm b8 Beth Steel rt b Bklyn Union 6%s. Bush Term Bldg §s Chile Copper &3 Colon Oil 65’38, Col Gas&E] deb b: Cen Coal Md 1t 5 Con Gas Detroit £dison Detroit Edison Dodge 6s.. HumbleO & R5%s Illinols Bell 1st 6 i Steel ¢ Indiana Steel Intl Cement bs Int Paper 6s 47 lLoter Paper 6s., J Kayser & Co6%a Liggett & Myers 1s Loulsv G & E 58 52. 5 3 Mont Power deb bs Mor's&Co 1st 4% New England Tel 61 Nor Ohio Tr & L Nor States Pow b Nor Stat Pacifio Gas & El Pan-Amer Pete 7 Paramount 6s 1947 Pathe Iixchange 78 People's Gas 5s. ... Phila Co 65 67 w 1., Phila&ReadC&l bs. Philips Petro 6% Pressd Steel Car Public Service 4%s RemingtonAr 6s 32 Rem Rnd 6%8s war. Sin Pipe Line Skelly O1l 6%s. So Por Rico Bug Southwest Bell b * Stand OIl.N J 68 46 SugarEstOrienteTs. Sales. High. Low. 159 997 99 26 101 49 1014 200 9912 993 154 9914 130 10414 104 . 226 1078 Jan 61, 2 UtdKingdm 645 37 17 MISCELLANEOUS. 51 33 104% 10 105% 23 108 26 105% 51 145% Andes Copper 7s.. 285 161% Int Tel&Teleg 4%4s 19 Laclede G 5%1 52.. 10 104% ManatiSug st 73%s. STATES. in $1.000.0 Close 995 10026 100 26 1011 1011 99 12 9910 9910 104 14 106 27 107 8 1211 1124 11210 FOREIGN. Sales. High. Low. Close. 10 18 100 9% 90% 100 99% 100 100% 100% 100% 994 99% 8R% BBl 957 95%4 96 96 102% 102% 98 98 4 10115 101% 4 106 106% 1084 108's 105% 106% 116 115% 110% 110% 105 105 100% 101 961 964 96% 96l 100 100 108% 1084 101% 101% 102 102 § 104% 104'% 100 100'% 93% 933 954 93 102% v 34% 344 100% 100% 901 90% 96k 96 1024 102'% 111% 1% 105 106 104 104 103% 103% 110 110% 90% 91 9715 97k 100'2 100% 105 105 107% 10 114% 114% 106'% 106% 99% 99% 103 103 974 97% 101% 101% 96 96% 96% 96% 957 96 92 924 101% 101% 100% 100% 2% 22% 9t 91k 101% 101% 100% 100% 93% 93% oo BONDS o s Reccived by Private Wire Direct to The Sales. High. Low. Close. TennElecPow §s 47 8 106% 1064 106% United Drug 68 63. 12 97% 96% 97% USRublstrfbs.. 51 891 88% 89% U S Rub 748 9 101% 100% U S Steel s t 5 107% 1074 Utah Pow & Lt 5u. 101% v Vertientes Sug 7s., 10 98 92 103% 103% 104 1024% 102 Yngstn S&T 6s w1 111 100% RAILROAD. 90 90t 9= 91k 944 9814 102 105% 109% 94 % 945 98%% 99 17 i1 Atlantic C L 1st Atlantie C L ol 4 B&OGold ¢s..... B&Oov ¢4 B & O ref bi B&O1stbs B&Orfimp B & O PLEWY 4 Brdway & Tth Av b¢ Brookiyn Blec $ %48 Bklyn Manhat 6s.. 57 Can Nat 4%s30... 10 Canad North 6% - Cent Pac 1st b8 Chesa Corp 68 w 1 Ches& O cv 4 %s, Ch, Chi B&Q gen 4s 63 ChiB&Q istrfbs CB&QIl3%s, Chi&E 111 gn bs 51, Chi Gt West 48 69, CM&StPgn8)..." ChiM&StP415sC89. 25 ChiMIISP&Pacts 76 121 CMSP&Pacad] 5803 59 ChiNW 4%s 2037, Chi& W Ind en ¢s.. C& W15%s62. CCC&StLrfésA. Clev Term bs. Cuba Nor 5¥s c Del & Hud 5%s.... Den & Rio G en 4 Den&RioG 4%s 36. D Rio G West bs DRG & Wst 5578 Det United 4%s Lrie 1st cons 4s. Erieconv 4sB..... Eriecvt 5367 wi.. 101% 101% 97 97 100% 101 102% 102% 102% 103 10215 102% T 9T% 991 99% 103% 103% 91 9% 1014 101% 107 107 83 834 8744 87% 99% 99% 104% 104% % 112% 112% 103% 103% 951 95% 107% 107% 1065 106% 92% 92% 99% 99% 104% 104% 97% 97w 9% 99y 102% 102% 103% 103% 110 110% 99% 99y 90% - 90% 118% 118% 104% 1056 95% 95% 105 T 9% 2 106 3 101 2 104 9914 104% 105 101 101 103% 104 99 99% 104% 104 105% 106% 107% 108 99% 100 88 88 105 106% 142% 142% 159 159 92 923 924 92 1014 1014 13341384 106% 1064 109 109 101% 1014 1011 1013 10245 103 2 100 8 88% 3 101% 7 102 104% 104% 303 303 1 102% 102% 102% Certain-Td5%srets 17 90% 105% 106 104% 104% TI% 724 T4 Tin 103% 103% 0% 70% 1054 105% 108% 1084 103% 103% 92 " 93 1z 1124 10744 107% 102% 102% 1074 107% 92% 93 100 100 101% 102 1044 104% Y8l 9814 3 108% 103% & 100 100% 98 9814 103% 103'% 97 9T%H 100% 100% 961 96l 114% 114% 104' 104% 105 105 . 109% 109% 102 102 101 101 104 104% 121 124 864 861 108% 103% 102 102 100 100% 103% 1034 101 101 87 87 106% 106% 104% 104% 115% 115% 100% 100% 106% 107 110% 110% 100% 100% 10244 1024 101% 1014 105% 105% 102% 102% 1041 10414 12 100% 100% 100% 3 8la B0 B0% 1 105% 105% 105% 14 99% 99% 995 2 9% 9l 91k 9 93% 934 93% 7 106% 106% 106% 26 99% 98% 99 39 96% 95% 96% 82 97w 96 96% 30 145%3148% 143% 2 99 99 9 113 2 107% 9 102% 12 101 967 5 114% 8 104% 1105 2 109% 2 121 7 87 2 103% 11 102% 14 101 8 87. 16 106% 4 100% 1102 1 106% 5 102% 3 10413 32 9% 9TH TN 4 93% 93% 93% 1105 105 105 2 104% 104% 1044 14 103% 103 103 3 98, 08 98 Erie conv ext 7 Fla East C 58 7 Gr Trunk stdb Gt Nor 4%s 76 D Great North 6%s. . Great Nor gen 7s.. Green B& W deb B Hav El Ry 63%s 61, Hud & Man a) §s. Hud & Man ref 5s. I11 Cent 4s 52 111 Cent 4s 53 111 Cent 4% 5 66. 111 Cent Chi 4 145, I1-C-C- StL&NO 58 Int Rapid Tran 6s. Int Rap Tr bs stpd Int Rapld Tran 6 Int Rap Trans 78 Int&GtNoradjés 52 Int RysCA 68 72.. Int Ry CA 6%sret Lehigh Val 58 2003, Long Island 68 37.. Louis & Nash 5%s. Louls & Nash 7s... Man Ry 18t 90..... Market St 78 40.... Mil EI Ry & L 53 61 M St P&SSM cn 4s. MStP&SSM58385td M StP & SSM 6%8. MK&T4sB.. MK & T adj 6s... MK&TprinbsA. Mo Pacific gen 48 Mo Pac 58 Mo Pac 58 F 77 Mont Trm ref b Nassau El 48 51. .. NR M 4%s 51 asst NOTex & M6sB.. NOT&M5%S ¥ Cent deb 4; Cent 45 42, Centr £ 68 Cent deb 6; hI&StL 5% 8A. C&StL6sA. Haven 43 55., NH&H db 48 67 NH&H 4}4s. NH&H cv db 68 e e R RPN R SO S b h e b i o o HEHKeH B e CURB PRICES DROP AFTER EARLY GAIN Market Apparently Affected by Downward Trend on Stock Exchange. BY WILLIAM F. HEFFERNAN, Bpecial Dispatch to The Star. NEW YORK, October 31.—Through- out the first half session today the curb market displayed a strong tone, many favorites being carried to new high prices. Sentiment was influenced by optimistic statements coming from leaders of basic industries concerning future industrial activity, and the pros- pect that numerous companies which have plowed huge earnings into sur- plus accounts would in the near future do something in the form of special distributions for share owners. When prices turned downward on the stock exchange shortly after midday, how- ever, the leaders on the curb were sympathetically affected and a good part of the early improvement was los In the oil group International P troleum was the day’s favorite, and on the heavy turnover was bid into new high ground. Prairie Pipe Line, on the other hand, felt the effect of urgent profit taking and at 220 was almost 10 points under Tuesday’s final. Gulf Oil was in active demand at intervals and Crystal Oil & Refining went to a new top on intimations that October earnings soon to be mdde public would show even greater improvement than those of recent months. Propper Silk Hosiery responded with a new high to the placing of the stock on a regular annual $2 dividend basls by declaration of a quarterly 50-cent distribution. Contrary to the general trend of paper issues on the big board, St. Regis Paper was carrled forward to a new high, where it was up more than 3 points. Operations for the rise were again renewed in Acoustic Products, the price reaching the best since listed. Among thé motor issues Marmon was a favorite, establishing a new high, up more than 3 points. Merger rumors ap- peared to be the incentive for the de- mand. Ford Motor of Canada, at 585, lost 25 points. Interest centered in the initial trad- ing in Radio-Keith-Albee no par stock to be issuzd in accordance with the plan set forth in the letter to holders of Keith-Albee common stock. Sales oc- curred at and just above 34!, Rain- bow Luminous held around its peak at 41, with the turnover again large. COTTON IS STEADY ON INITIAL TRADES Slight Advance Scored by Market on Reports of Southern Rains, By the Associated Press. NEW YORK, October 31.—The cot- ton market opened steady at an ad- vance of 8 to 12 points on reports of cold rains in the South and a late rally in Liverpool. January contracts sold up to 19.46 shortly after the opening, or about 16 points net higher, but this advance seemed to meet considerable Southern selling, as well as realizing, and some local selling on a favorable view of the weekly. weather report. January eased off to 10.33, and May to 19.20 under these «fferings, with the market ruling within 3 or 4 points of 4 | yesterday’s closing quotations at the end of the first nalf hour. Private ca- bles said that therc had been hedging and liquidation in the Liverpool mar- ket, but reported a broadening cloth demand from Egypi and the Near East and said that the improved position of Lancashire spinners was maintained. Failure of bullish features in the weather news to create a more active demand probably led to liquidation, .while there was further Southern sell- ing. The market lacked support except for covering and some trade buying on the declines. Prices worked off to 19.24 for December and 19.12 for May, with the general market showing net declines of about 3 to 6 points at midday. WHEAT PRICES GAIN IN EARLY DEALINGS Report of Threatened Crop Damage o tate Ry StateRy 6%s NYW&B4é4s... Nor & S gen 68 5 Norfolk & W cn ¢s. Nor Pac 3s 2047. Northern Pacific 48 Northern Pac s D. Northern Pacr16s Ore Short L rfs ¢s. Ores Wash 1st 4 Pénnsyl gen 4%48.. Pennsyl gen 22222225222222 2 ¥ Y Y Y NH&H clt 6s. ¥ Ry 65. Y S Y State ceatrrnlosnSmaanatis o e roaxRet®e & Port RL&P 7%3 46, Reading gen 4%s.. Reading J C 48561, R1Ark& L 4%s.. St L IM&S 4829, St L IM&S R&G 4 StLS Wconds St P Un Dep bs. San A & Arn P 4 Seaboard A L 4s Seaboard AL 48 sta SeabAL adj 68 1949 Seab A L con 6s.... SB All Fla 63 35 A, Sou Pac 45 29... Sou Pacific ref 4s, Sou Pac 4% Sou Ry gen 4 Sou Ry Con 5. SouRy 6%, TexArk FS 6%s 60. Tex & Pac bs B 1977 Third Ave ref 4s 60 Third Ave adj b Tol St L& W 4 . Tol Tr L&P 5%4s 30 t Virginia Ry Whash 4% 878 rcts 17 Wabash 2d 6s. Wabash 6%8 75. . 29 88% FOREIGN EXCHANGE. Quotations furnished by W. B, Hibbs & Co.) Nominal gold Selling checks Value (or pan); ay. London, pound, 4. Paris, franc 1 Vienn: Budapest, pengo. P crown Copenhagen 3slo, crown Btockholm, crown. 12672 —_——. All directors and officers of the Pitts- burgh Steel Co. have been re-elected. in Argentina Aids Chicago Prices. By the Assoclated Press. CHICAGO, October 31.—Wheat prices turned upward early today, notwith- standing declines at the outset. Talk of likelthood of crop damage by rust in Argentina was a bullish factor. Opening unchanged to 3 off, wheat sagged a little all round and then scor- ed general gains. Corn also advanc- ed, starting 4a% down to 3 up and subsequently showing a rise for all fu- ture deliveries. Oats were steady. Pro- visions went downgrade. References to possible damage to wheat in Argentina as a result of rust acted as more than a counterbalance at times today for bearish effects of word that Argentine wheat territory had been visited by further rains. Per- sistent mention of decreasing stocks of wheat at Liverpool also was more or less a strengthening influence, and so, too, was news that crop prospects in Western Australia had been reduced, owing to dryness, although estimates are yet for a bigger harvest than last ear. i A forecast of wet weather in the corn belt tended to lift corn prices. Be- sides, country offerings of corn to ar- rive were smaller, and Eastern demand There were likewise indications that, on account of better bids than from Chicago, & large amount of Illi- nois corn 1s going direct from interior points to the seaboard for export. SCHOOL OPENS FOR YOUNG Chicago Chinese Youths to Have Homeland Education. CHICAGO (#).—“On Leong Chinese School” has been opened in Chicago’s Chinatown to teach young Chinese of the land their fathers left for the United States. The school is the first in Chicago and one of the few in the United States. It supplements the work of the American schools, the young Chinese attending Oriental classes after the public schools’ workday is over. It is sponsored by the On Leong Chinese Merchants’ Association. Chicago's Chinatown lies along Twen- ty-second street. . How Do Shears and Scissors Differ? From the Pathfinder. ‘The terms “shears” and “scissors” are used more or less interchangeably in many sections of the United States. As a rule, however, “shears” is employed when the implement is large and “scissors” when it is small. All such in- struments having a total length of 6 inches or less are called scissors in the hardware trade, and those exceeding that length are called shears. In Scot- land all sizes are called shears, the word “scissors” being seldom used. The Oxford dictionary says: “The larger in- struments of this kind, especially those which are too large to be m-mEuuwd with one hand, are called shears. 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: Sales INDUSTRIALS. in hundreds. 221 Acoustic Prod 20 Allied Pack . 2 1 Alpha Po; 16 Apponaug Co 4 Asso_Gas & raph. . . 1Colts Pat Fire .!! i 3Cons Auto Mer vic' 14 5Cons Auto Mer pfd 43'4 8 Consol Dairy P. 4730 1 Consol G Balt. . Forhan Co_A. Fallansbee Bros Fox Theaters 5 Freed Eisem R 18 Freshman Chas i 13 35 S Huylers ... Gk 12 Imperial ‘Ghem’ Trd: Inwur Co N A 1 & Rov ‘wi 4318 Robb pfd 533 on . 6434 50 Montecat deb rts 6 Municipal Serv. T . 1 Nor A: 1st_pi 38 Northeastern ~ Pow. 2 Nor Sta P A. iPratt & Lamb C. 34 Prop _Silk Hos Mil. §Pug 8 P & L. 3 70 Rainbow Liminous 35 Radio Keith Co A 1 Assn Bklvn. 0 1% 5 3 Ruberoid 208afe T S 35 St _Regis Paper. Schiff Co.. 3 Schutter Jnsen 58ec G Am Inv 1 5 South _ Ashestos. 1 c Sou A Dl 1 Southern Ice & U B. 2 Southern_Stores A . 9 Southw St 14 Spanish & 23 Spencer Kellogg n Prod 42 Tex Corp rts Wi 8 Timken Det Axle . &P A 2Uni Pt Shar | 4U S Dairy A 5U 8 For & Se 4UUl P & L vc 13Van C Pde pf ctf. Pump . n O & 2 West Auto Sup A. 1Wms Ollo Mat H 7Winter B J . 4 Wire Wheel Corp- . 4 Young Spr & Wi 1Zonite . Sales in MINING STOCKS, hundreds. § Carnegle Motals 343, By 12 Newmont Mining 181% ng & Wendon Cop . 6 Yukon Gold . Sales INDEPENDENT OIL STOCKS, in hundreds. 29 Am Con Ollfids Mount~ Gul} Venezuelan 4 Woodiey "Bt o-. B> K RO IRRIER ROERE: Norch, AR B e L RS pem meZS o awa S53588,58; ittt R SR g, N 8412 ble O & R. JRIYL u) 9300 Lnter, et e 200 Nat Transit 700 Ohio Ol 800 Prairie G- 800 Prairie 300 Southern Penn O 100 Southern P L 100080 In LS g .. acuum Off " Sales BONDS. in thousands. 10A s wi...... U 15 Abitibt P & P 55 A 2 28 Ala Pow 4ias 10 Allied Pk 6 8 Al m Rad. 4748, ... Am Seating 05 10Am Sol 6lus. . 2 Andconda 65 Al 25 Appal EI Pow 55 4Ark P & L 5s_.. 1As Sim Hard 6 5Bates Valve Bag 11 peacon UL Bs 3Bell T Can 55 A.... 11 Boston_& Me 53 A C 8 & 1 19 Cit Serv_Gas 51 1Cit Ser Gas Pip 3 5 2 Fairbanks Morse 55 .. 16 Fed Wat Serv bias . 3 wirestone T & R Fla P 5 1Georgia & Fa 4 Georgia Pow s . Sec_Amer_5s. 50 lnversta Nab G 68 Wi 103 11Intersta Pow 58 95% 8Intersta Pow 6s ... 98 101% A A . 87 ni 4%s.... 93 1Mont War P 8 53 A 10 3 Narrag Co 85 A . L 6s AL Ind P S bs 1012 1 2Nor States P M 615 102% 3 Oswego Riv Pow 6s.. 99 5Pac G & E 4'ss E.. 98% 1 Penn Ol Bd 6°A Wy 10144 101 5t 910, i B A 9 Yas 1 6s. . 1014 1 Solvay Amer 53 A. 21 Southeast P & L n 6s.. 115 1 s '37.,102% as Al'100%% 11 Wheel Stl 4%s B.... 89'a Sales in FOREIGN BONDS. thousands. 1 Berlin + Sassse saa‘.*# SWES X FERERE A &' POTATO MARKET STEADY. CHICAGO, October 31 (#).—U. S. Department of Agriculture—Potatoes— Receipts, 145 cars; on track, 553 cars; total U. S. shipments, 996 cars; trad- ing fair, market steady; Wisconsin, sacked, round whites, 65a90, mostly around 75a85; Minnesota and North Dakota, sacked, round whites, 75a85; sacked, Red River Ohio's, 90a95; South Dakota, sacked, early Ohio's, 85a90; Idaho, sacked Russets, 1.55a1.65. $12,000,000 MERGER. NEW YORK, October 31 (#)—A merger of V. Vivaudou, Inc., of New York, American Druggists’ Syndicate, of Long Island City, and Scheerer poration of America, under the name of Vadsco Sales Corporation, has been proposed to stockholders of the com- panies, it was learned today. The com- panies are engaged in the sale and manufacture of drug and toilet prepa- rations. ‘The new company will have an au- thorized capital of 125,000 shares of 7 per cent cumulative preferred and 2,000,000 shares of no par common stock. Assets will be approximately $12,000,000. RS I S MATCH MONOPOLY GRANTED. NEW YORK, October 31 (#).—The Swedish Match Co. has signed an agree- ment with the Jugoslavia government, giving the company sole right to manu- facture and sell matches in Jugoslavia for 30 years. The agreement provides for a loan to Jugoslavia of $22,000,000 at 674 per cent interest. ikt DECLARE EXTRA DIVIDEND. NEW YORK, October 31 (#).—Di- rectors of Beechnut Packing Co. of Canajoharie, N. Y., have declared an extra dividend of 60 cents on the com- mon stock, payable December 10 to stockholders of record November 24. With the January 10 payment the com- any announces the common stock will Ee laced on & $3 annual basis, against $2.40 as at present. —_— GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, October 31.— * Bid. 00 R M. ithi + 1800 RN, 36.00 40 Der million marks dollars’ per ' thousand G5 pre-war - 22.00 Elec 4'2s 1919 lorf Y re. ud (geras Bectr and 'Privat Bank’ SITEISAEEL L slBauBTE 3333338388 83888838333~8 evdgn ! |gradeFood Products Corporation of CHECK ON RUBBER -EXPORTS REMOVED | Prices to Be Regulated by| Laws of Supply and Demand. BY J. C. ROYLE. | Special Dispatch toThe Star. NEW YORK, October 31.—Prices of rubber will become subject to the normal regulation of the laws of supply and | demand at midnight tonight with the removal of the restrictions on exports of crude rubber fro mthe Straits Set- ||| tlements, the main source of supply, imposed by the British government under the Stevenson plan. An impression exists among some rubber men that prices in consequence can be counted on to remain at a com- | paratively low level. This explains in | some part the announcement of a cut in tire prices by all the principal man- | ufacturers, which ranges from 2% to 5 per cent on first grades and 175 to 20 per cent on second grades. | There is every indication that a rec- ! ord amount of rubber will be used in the United States, the principal con- | suming nation, in the next six months. | Total consumption for 1928 wiil exceed | 430,000 tons. Unless there is a starthng | drop in automobile production this rec- l ord will be exceeded next year. | How much this rubber will cost man- ufacturers remains to be seen. No| @ extraordinary flurry is expected as a result of the removal of the restriction. Comparatively steady prices are antici- pated by rubber men, but these same men have frequently been wrong about the course of rubber. While government restriction is no longer feared, other factors may affect rubber prices. No one will know for | some weeks just how much rubber has been produced in Malaya and stored awaiting the end of restriction. A large volume coming on the market might | break prices, but planters are scarcely likely to allow this to happen, b4 - 3 < BANKER ISSUES WARNING | AGAINST SPECULATION' By -the Assoclated Press. CLEVELAND, October 31.—Business | prosperity prevails in this country, but | 1t may be endangered if stock market | speculation absorbs more than its share of credit resources, George E. Roberts, | ¥ vice president of the National City|$] Bank, New York, asserted in an address prepared for delivery before the con- vention of Robert Morris, Associated, a banking organization, here today. Thus far industry has not been dis- turbed by the wave of speculation, the banker said. Pointing out that security prices have experienced great advances, Roberts de- | clared that diversion of so large a share of the country’s savings into speculation as to curtail the supply of capital for new enterprises would affect new busi- ness and the stock market would sufter. In another address prepared for de- livery, Dr. W. Randolph Burgess, as- sistant Federal reserve agent of the New York Federal Reserve Bank, stated that large exports of gold and present high -money rates constitute a warning that erican credit resources are not inexhaustible. EARNINGS REPORTED. NEW _YORK, October 31 (#)Hy- & b4 | B4 b4 < b4 < 9 net profit of $104,296, against $80,326 for the second quarter and $41,231 for the first quarter of 1928. Net sales for the quarter totaled $2,545,944, compared to_$1,710,016 in the preceding quarter. International Business Machines Cor- poration. of New York earned in the first nine months of the year $3,173,864, equal to $5.48 a share on 573,463 no par shares. This compares to $2,809,834, or ;:,lhs)dl share in the corresponding 1927 riod. Electrographic Corporation of New York reports for the past nine months net profit of $375,360, against $304,368 a year ago. Kansas City Southern Railroad re- ports net operating income of $3,436,797 in the past nine months, compared to $3,651,376 a year ago. Net operating income of the Colorado & Southern totaled $3,728,411 for the first nine months of the year, against $3,079,491 in the same 1927 period. Louisiana Oil Refining Corporation of Richmond, Va. and subsidiaries re- port profit of $1,137,133 in the first nine months, against $273,316 a year ago. Earnings of the American Ice Co. of Nev- York, before Federal taxes and de- preciation, for the past nine months were $4,616,106, an increase of 25 per cent over the same 1927 period. Net operating revenues of the ITew York, Chicago & St. Louis Railroad for the past nine months were $10,614,139, a decrease of $487,590 from the first nine months of 1927. Directors of the Propper Silk Hoslery Mills, Inc., of New® York have placed common stock .on annual $2 dividend basis, the first payment of 50 cents a quarter to be made December 1 to stockholders of record November 19. The company has no preferred stock. New York ended the third quarter with ‘ and Sold for CARRIED ON New York Warrenton, for LOANS on and Prince Georg W On Improved Property in Maryland and District of Columbia 6% Interest No Commission Charges EAVER B REA E’rfi%os 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance BERLING LEHMAN’S TIRE SHOP 12th & K NW. Main g4, 0800000900000000009: CAN’T FIND TIME? 00 busy to make pla: ime to v sun. Take time to inspect OFFICE FURNITURE —display. Tt will be time well invested for the good of your business. We have complete display in Was| ton of desks. office chairs, fil- ing equipment and other office supplies. THE W. D. 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