Evening Star Newspaper, November 2, 1928, Page 15

HEH-GRADE BONDS MARKET IS AGTIVE in Traders Show Interest Rails and Public Util- ity Issues. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 2.—For the first time in several months there was spirited bidding today for high-grade bonds. This came mainly from dealers and traders who have long been inactive and who felt that the technical posi- tion of the market warranted more at- tention than had been given to it. They were not inclined to take a per- manent position, but to get in and out as opportunity afforded. This resulted in some sharp advances in rails and public utilties. West Penn Power 5s were bid up a point. Illinois Central 4s of 1953, which were 891 at the end of last week, sold around 92. Northern Pacific 41.s went above 101. Pennsylvania 5s were in good de- mand. In the junior grades of rails substantial fractions were added to the ~ices of such bonds as St. Paul gold 5s. Wabash 4lss, Missouri Pacific 5s, Frisco 41 Erie refunding 5s, Norfolk Southern 5s and_ Wisconsin Central 4s. The same conditions were present in the semi-speculative rails, such as st. Paul adjustments, Denver 58 and Great Western 4s. Other strong bonds in the rail group were Western Maryland 4s, Chicago, Terre Haute & Southern income 5s and Chicago & Eastern mi- nois 5s, and Norfolk Southern refund- 55 were up 1% points. mg’rhp convertible industrials and pub- 1ic utilities were in comparative neglect, with trading in them on a smaller scale than for some time, The oils were heavy, with Barnsdall 6s off a point, but the bonds Pxflr’nggan;& \K‘ce;e more in demand at a slight advance. The rubber and tire bonds and Dodge 6s showed ' fractional gains. Chile Cop- per 5s were quite active, as were Inter- national Cement 5s. Kelly Springfield 8s touched 110, the redemption figure. A weak feature among the industrials was American Chain. first. 6s, which were off 1% points, selling below 98, as against the high for the year D( about 105, as a result of the company’s poor earnings. ;- United States Government issues were irregular, More of the Treasury certifi- cates were down than up, which was to be expected in view of the rise that they have had this week. The new 4% per cent notes were quoted on about a 41, per cent basis. Among the foreign issues French municipals and rails stood out promi- nently in an advance that included the bonds of Belgium, Italy, Germany, Japan and Argentina. CHICAGO DAIRY MARKET. CHICAGO, November 2 (A .—But- ter higher; receipts, 6,489 tubs; cream- ery, extras, 47% ; standards, 4 firsts, 46a47; fir}s!‘\s'h“”.fii i 1a42%5. gher; receipts, 6, :m?e)fl?g“fi—rsm. 41; #rsts, 37a40; ordinary firsts, 28a31; refrigerator ex- tras, 31%; refrigerator firsts, 30%5. Poultry—Alive, steady; receipts, 2 cars; fowls, 26l2; ings, 25a26; roosfers, 20; turkeys, §0a35; ducks, 17a 23; geese, 21. 0 SRS " .COMMERCIAL FAILURES. YORK, November 2 (#).—In keeping with the normal seasonal trend the number of commercial failures in the United States increased in October, totaling 2,023, R. G. Dunn & Co. re-| ports. The liabilities also were higher than in the preceding month, amount- ing, to $34990474. g Washington. Stock Exchange SALES. ‘Washington Gas 6s “B"—400 at 105%. Cnpfl#l Traction Co.—5 at 1057, 10 at 1057 105%. Chestnut Farms Dairy pfd—10 at 109, 1 at 109, 10 at 109. ; Mergenthaler Linotype—5 at 1003, 5 at 5 5 at 10035, 200 at 10015, 2 at 5. Sanitary Grocery Co. pfd—10 at 150, 10 at 151, 5 at 151. AFTER CALL. Potomac Electric 513% pfd—1 at 109, 1 at 109, 5 at 109. ; Washington Gas 6s A—$300 at 10413, $700 at 10415, Sanitary Grocery Co. pfd.—5 at 151. Federal-American Co. com.—58 at 5512, 20 at 5512, 2 at 5515, 5 at 553. Washington Gas 6s B—$200 at 105%, $500 at 107. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. &. Tels: . Amer. Telg: Am. Te ‘Anacosti Ana & C &P C. & P Tel Cap. Traction R. R. 5 City & Suburban 55. Georgetown Gas _1st Potomac Elec. lst Potomac Elec. 9 Potomac_ Elec. 65 1953 Wash., Al V. 03 Wash. Rwy. & Elec. gen. 85 MISCELLANEOUS, Barher & Ross, Inc., 8% Chamberlin Vanderbilt Gs Chestnut Farms Dairy 6 £ UAite 65, 108 ‘Wardman Park Hotel 5'u 104% STOCKS. PUBLIC UTILITY. Amer Tel. & Telga Capital Traction Washington _Gas Was Norfolk 5 Steamboat : Potomac Elec. 8 pfd 1 Potomac Elec, 513% pid. . 109 Wash. Rwy. & Efec. com e Wesh Rwy. & Elec. p'd. 100 100%2 NATIONAL BANK. National Capltal 250 218 Columbia .. 400 e Commercial 258 363 District 231 24 33 255 a0 Metropolitan Warranis Rizes B Second . 3a National “Bank ‘of "Washington 300 TRUST COMPANY. Amer. Sec. & Trust Co Continental “Trust... BAVINGS BANK. Bank of Bethesda Commerce & Saving FINANCIAL, e: New So Wales Nord 6%8s. Norway 59 1963, Norway 6%=. Norway 6s 1943.... Norway 6s 1944.... Norway 6%s 195: Orient Dev deb Paris-Ly-Med 6s. Peru 6567 w1, Poland 7s (rets) Poland 8s. Prague 7% Rhinelbe-Un 7s.... Rio de Janeiro 6%s Riode Jan 8s 1946. Rio Gr Do Sul 8s. Rome 6%s........ Sao Paulo 8s 1196, . Serbs Crot Slo 8s. Shinyetsu 635 52. . Sweden 5% Swiss 538 1946. Swiss Confed Tokio 6% 19 i Utd Kingmo 53829, UtdKingdm 5%s 37 Uruguay Yokohama 6s wi.. MISCELL. AmAgriChem Tis. Am Smit & R 1st bs Am Sugar Ref 6s. Am Tel & Tel 5%48. Am Water Wks 6. Barnsdall 6s 1940. . Bethlebm 8t pm 58 rfbs... eth Steel 5%s 53. ethlehem Stee) 65 B B Bklyn Union 63s. Bush Term Bldg 5s Certain-Td5%srcts Chile Copper Colon Oil Con GesN ¥ 56%s. . Consumers Pow 68, Cuba Canecv 7. iast Cuba Sug 1% Fisk Rubber Humble O & R %8 1llinois Bell 1st 58, Indiana Steel 6s... Intl Cement 63 4 Intl Match 68 47, Int Paper 6 47.... Inter Paper 6s, ‘el&Teleg 4 %8 J Kayser & Co 5348 Kelly-Spring 8 rd (P) 78, .. Loulsv G & E 6s 63. ManatiSug sf 7348, M1d-Con 6348 40 Midvale Steel lg s Mont Po g Y Edison 6%s. . YGELH&P4s N Y Tels4gs.. . N Y Telts4l.,,.,, N Y Tel s 49, North Am Edis bs. Nor Ohlo Tr & L 6s Nor States Pow s, Nor States Pow 68, Pacitic Gas & E by Pac'T & T Lst b 3 % 135 isih Sty Save &k Trast 08 a3 *|PacT & T 6sbz, Lown' & Trusi. ) 520 830 | pan-Auier Lete 6s. Pan-Anier Pete s, Paramount 6s 1847 People’s Gas s, ... Phila Co 55 67 w 1. Phila& ReadC&1 b8 Philips Letro 5% s Plerce-Arrow 8s. ., Por Kic Am Tob 68 [} lel& Cots -+ o | Pressd Steel C: orbaran ..., % 407 | Public Service 4 e National Uiion 2 26 - | Pynta Alegre 18 TITLE INSURANCE. | Remingtonar s 32 Columbia Title Insurance 13 Hem tnd 6ty s war Real Estate .. . 225 230 > i £ Title ‘& Tnv of ‘Md. ‘com.. 50 . 52 |Sinclair Ol 6s Wash. Cons’ Title pfd L5082 |Sinciair i 63s MISCELLANEOUS, Sinclatr O1l 7s. Barber & Ross. Inc.. com 22 23 |Sinciair Crude § Chevy Chase Dair 107% Ghew < 18" 195" | 1o Pie Line 68 Chestnut, Farms, Dairy bic 108, 109 Skelly Oli 543, ommercial Nai'l Co pid.. 034 ... | Southwest Bell Pape: fa. 3 g,“cs,:;;j’ :R,,( % " 4d “ Stand UIl N J b8 ol Band & Grave] b v 1327 | PennElecrow 6s 47 n'Co. com 53 | Unitea Drug os b3 193 1 US Ruo 1strt be. 120 |USRub 1., 1084 | U S S Mereh. Mergenthale Natl. Mtge. Peoples Druz ecurity Storage. . ;vulnr\; Grocery Co. pfd e x er. R Whrs Corp. 55 Wash. Conv. Hall pid i1 Wash, Mecn. Mtze com.. 14 ash. Medical Bidz. Corp 130 war Wosdward & Lothios vid. | Utan 1839 1 Blec b8 ... - Westn Union 5% 61. Wesin (Inton 6 Westinghouse 6. . Willys-Ov 6248 33, (Sales are tn $1.000.) Sales. High, Low. Close 62 997 998 993 4 101 10028 101 94 1014 1012 1012 US3%s'43. 11 9918 9914 9914 US3%s'47. 119 9920 9919 9919 US3Xs. 9 104 30 104 20 104 20 U S4s1944, 688 10726 107 18 107 20 US4¢Ks52. 11 11224 11218 11218 FOREIGN. Sales. High, Low. Close. Juby. 7 99% 994 Octsd 1 99% 99 A.... 17 100% 99 Argentine€sB.... 14 99% 99 Australia 4%856.. 22 88% 884 Australia 581956.. 39 96'% 95% Australia 53 1957 7 96 96 1 10215 1024 3 95 9% 65 101 100% 4 106% 106 8 108% 108 Belgium 7s 1956. 5 106 105% Beigium 738, 1 115% 115% Belgium 8; 9 110 0 105% 8 1003 G 964 6 964 6 100 6 108% 6 101% 3 , 101 1014 4 104% 104'% 7 100% 100% 3 934 93% Chile 6s 61. 3 93 93% Chile 7s 1943. 8 101% 102% Chinese Gov Ry 6s. 11 34 34 Christiania 6s. 100% 100% Colombia 6s J. . 90% Con Pow Japan 7s. 3 99 Copenhagen 4% '53 10 884 Copenhagen bs ct.. 1: 96% Czecho 8s 195 3 109% Czecho 8s 19 S 109% Danish Munic8s A, 1 110% 110% Danish Munic8sB. 3 110' 110 Denmark 6s. . 4 104% 1043 DE15%s Mch63.. 2 4 1034 1034 Dutch East 16847, 6 104% 104% - 4 90% 90% 5 97 97 17 100 100 37 107% 107% 6 114% 114% 5 106'% 106% 0 9% 99 2 103% 103% 101 101% 96% 96% 101% 100% 100% 100% 100% 9% 100% 105% 934 93% 101% 9T 101 103 2 1028 2 102% 8 97 23 9% 59 91 |\ 91 5 101% 101% 10 1074 107 107% 2 83w 83k 83% 1 874 87% 10 99% 99, 3 106 106 2 10334 103% 103% 17 9515 95% 106% 106% 107 107 1 925 93 106 106% 99% 994 104% 104% 98l 984 9% 9% 103% 103% 2 102% 1021 103% 103 110% 110% 90% 90!y 118% 1184 104% 104% 1 108t% 108% 108% 6 95% 95% 95% ANEOUS. 3 104% 104% 104% 7 102% 101% 102% 4 1037% 103% 108% 34 99% 99 994 10 104% 104'% 1047 25 105% 105% 105% 108 107% 107% 6 99% 99% 99 5 884 88% 884 24 105% -105% 105% 13 144% 144 144 69 159% 159 159 P C T e ey 1184, 32°104% 43 137 135% 187 6 101% 101% 101% 2102 102 102 9 103 1024 103 16 105 104% 104% 5 308% 308% 308l 1 102% 102% 102% 22 90% 894 90% 44 963 965 96% 56 106 1054 106 80 101% 100% 1014 6 79 8% 79 8 106 105% 105% 1 104% 104% 104% 2 2% 72 T2% 1 103% 103% 103% 33 104 103% 103% 13 93 92% 924 1 112% 112% 11 23 102% 102% 102% 11 107% 107% 107% 76 93% 93% 93N 9 100% 100% 100% 3102 102 102 8 104% 104% 104% 5104 104 104 1004 100% 23 98% 9R% 98K 11 9% 97 97 99% 94 19 97 96% 97 10 114 114 114 42 110 109% 110 2 1024 102'% 102% 4 104% 104'% 104% 5102 102 102 1121 121 121 10 104 104 104 3 104 108% 104 2 102% 102% 102 8 105% 105% 105% 12 100 100 100 3 101% 101% 101% 15 115% 115% 115% 16 95 94% 94k 2101 101 101 6 107 106% 106% 1 110% 110% 110% 6 101 100% 100% 9 102% 1024 102'% 6 101% 101% 101% 2 106% 105 106 41025 102% 102% Y 105% 105% 105 105 5 105 1 104% 104% 104% 37 100% 99% 100 1 105's 105% 105% 59 Y9% 99 994 2 9% 9% 9% 15 94 93% 93 1 106% 106% 106 7 99 08 98 4 9Bl 96% 96 21 98 97 97 25 148% 147% 148% 4 98 98 98 42 98Y% 98% 98% 4 934 93h 93U New Bond Issues 5 994 99% 99k 23 101% 100% 101% 23 103 102% 103 | Spectal Dispatch to The Star. 19 97% 9T 9T NEW YORK, November 2.—A new is- 29 5% 95 95%|sue of $5,000,000 Joseph T. Ryerson & 20 94% 94 944 | Son, Inc., 15-year 5 per cent sinking 1105 105 105 |fund gold debentures due November 1, 40 108% 102% 102% | 1943, priced at 96 to yleld 5% per cent, 6 106 104 1061, | is being marketed today by Lee, Higgin- 24 98 9T Wi |son & Co, S 28 90 B9y 3 101 100% 101 A syndicate madz2 up of A. E. Fiikin 23 108 107% 107+ | & Co., Hemphill, Noyes & Co.; Dean 1 100% 1003 100% | Witier & wo. and Lond & Goodw: 1 1 9 91 91 | & Tucker offers $3,400,000 Pacific | 10 103% 103% 103y | Public Scrvice Co, to bear 5l per cent 10 103% 103 1031 | secured consertible gold hotes maturinyg 1 110% 110% 110% | November 1, 1930. ~The bonds are 11 10445 104 1108 103 103 THE EVENING STAR, WASHINGTON, D. €, FRIDAY, NOVEMBER 2, 1928.' (v _BONDS o s Received by Private Wire Direct to ' UNITED STATES. Sales. High, Low. Close. Wilson & Co 1st 6s. 5 101% 101% 101% WinRepeatAr 73%s. 2 107 107 107 ¥ngstn S&T 6s w 1. 33 101 100% 101 RAILROAD. Ann Arbor ¢s. 1 79% Brooklyn Elev 6148 Bkivn Manhat 6 Buff R & Pitt 4%s.. Can Nat ¢ Can Nat 4 48 67 Canad North 17 Canad Pac deb 48 Can Pac 4%3 46... Central of Ga 6%s. Central Pacific 4s. . Cent Pac 1st 65 90, Chesa Corp 63 w 1. Ches & O ov ¢ Chi B&Q gen 4. NEW HIGH RECORDS ARE MADE ON CURB 0il Shares Prominent in Early Dealings—Loans Statement Discounted. BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star. NEW YORK, November 2.—New high records were marked up in numerous issues on the curb market today. Trad- ers were little concerned over the un- expectedly large increase in the latest Federal Reserve brokers’loan statement, and continued to bid up their favorites 14 | With abandon. Olls as a group were prominent, with Humble, International Petroleum and Tlinois Pipe Line up sharply to new high records. The market for the last named indicated that yesterday's ad- vance of 26% points had by no means discounted the placing of the stock on 1, |an annual $20 dividend basis, as against the previous $12 rate. Persistent talk SH g i of plans for capitalization of cash sur- ChiaB Ul gn 6s 1. 20 88 874 87l [Pluses was the basis for the buying of Chi Gt West 4859, 24 69% 69 69% [many of the high-grade standard is- CM&StPgn89.. 22 87% 87 877 |sues. Gulf Oil, Crystal and Carib Syn- CM&StP ret4%s83 4 98y 984 98y | dicate were among the prominent inde- ChiMIISP&Pachs 76110 96% 95% 95% | Pendents. CMSP&Pacadi 6803424 75% 75% 75% | In the utility group, Northeastern Chi NW 4%s 2037 98% 98 98% | Power & Light and Eastern States Pow- 3 1 1 Cht& W indcnds. 3 89% B9% 89% CCC&StLrf6sA. 3 100% 100% 100% C&S1stes29..... 2 99% 99% 99% Colo & Sou 43s.... 1 97 97 97 Cuba Nor6%scts. 3 94% 94% 94y Cuba RR T%s. 5107 107 107 Del & Hud 1strf 4s 41 94 94 99 D& Hud ev 5s 35.. 1 102'% 1021 102% Dei & Hud 5%s. 1 104% 104% 104% Den & RioGen 4s.. 43 92% 92 92% D & Rio G imp DRG & Wst 5s'78 3 Erie 1st cons 4 Briecvt 6867 wi. Erle Genessee R 638 Erie (Pa) elt tr ds. er “B” were the favorites, both estab- lishing new highs. Issues in a position to benefit by the Pennsylvania Railroad electrification plans came in for more attention. United Gas & Improvement was turned over between 147!, and 1481 in large volume. Others that reached their best prices included Libbey-Owens company up some two points, Royal Baking Powder old up from 400 to 430, Follansbee, mo; than a point higher, responding to the recent favorable dividend action; Na- tional Sugar of New Jersey and St. Re- gis Paper. In the case of the last named there was every indication of a technical corner. Marmon Motors led its group, reach- ing a new high of 69. International ;s)o'ffig Razor was bid up more than two The new Nathan Strauss common stock of no par value was admitted to trading and changed hands actively be- tween 3073 and 31%2. Coincident with the offering of $1,000,000 6 per cent con- vertible bonds was the announcement Fin Bast C68 74... 16 Gr Trunk stab 6; 1106 106 106 Gt Nor 4%s 76 D. 3 99 99 99 Grt Northn 4%s 5 95k Y8u 984 7s.. 18 113 112% 112% . 180 89u 89 89 7 98% 98 98% 4 931 931 93 5 92 9z 92 4 90% 90 90% | 8 101 100% 100% 111 Cent Chi 4 2 98K 98K 98K 11-C-C- StL&NOQ 58 23 105 105 105 Int Rapid Tranbs. 6 7% 17 17 IntRap Trbastpd. 17 7% 177 17 Int Rapid Tran & W n Int Rap Trans 7 99 98K 98y (n&GtNoradj6s53 7 904 90 90 Int RysCAG872.. 5 84 85% B88% Int RyCAGlsrot 8 97% 97k 9T Iowa Cent rf 4; 11 114 10% 10% Kan City Ft S 4 5 934 934 934 36 T4 T4% Ta%n 5 101% 101 101% 1 9lls 9l 9l Lake Shore 4s31.. 12 981 98 98% Lehigh Val en 4 6 881 88% 88%h Lehigh Val 532003, 3 106'% 106% 106% Louis&Nash unid4s 8 95% 954 95% Louls & Nash 53s. 10 106% 106% 106% Louls & Nash 7s 1 102% 102% 102% Man Ry 1st 90 13 69% 69 69% MO EIRy&LGSs61 1102 102 102 Minn & StLref4s, 5 14% 14% 144 MStP&SSMcnds. 3 90 89% 89% MStP&SSMbs38xtd 6 99% 99 99% MStP&SSMbs. 15 91} 91% 91k M K& T 18t & 2 90 90 5 86% 867 86% Mo Kan&T 4%8'T8 2 95% 95% 95% M K & Tadj bs 21 104 103% 103% MK&Torin 1 1013 101% 101% Mo Pacific gen ¢ 94 T8% 8% TB% Mo Pac 58 A 65. 2 100% 100% 100% MoPac5sF 77.... 30 99% 99l 99% Mob & Ohlo 4%877 3 96 964 964 au K1 48 61 3 6T 5T% BT NatRyofMex 4877, 2 13% 13% 13% 22821 181 39 6 1 3 e P P = Y 'w Haven 314s 64 ew Haven 3348 66 N H & H 45 56. Y NH&H db 48 67 =@ o RoawSeax Nor Pac 3s 2047. Northern Pacific 4s 3 Nor Pac 4%s 2047, Northern Pacr 1 63 Ore Short L rfs 4 Orae Wash 1st 4 Pennsyl gen 4%8. Pennsyl gen 58. Penusyl 58 64 Pennsyl 6% Pennsyi gold 78 P J Port R L & P bs 42, Port R 1. P 63 47. Port RL&P 745 46 teading nen 4%s.. Iteading J C 48 61.. StL&SFrihs StL &S F orin bs. StL S Wcon 4s 32, San A & Arn P 4s.. Seaboard A L 4s. Seab A L ret 48 SeabAL ad) 5s 1949 Seab A L con 6 Son Ry Mo & O 4s.. Term Asso St L 6s. TexArk 'S 6% 50. Tex & Pac bs B 1971 Third Ave ref 48 60 Third Ave ad) 68 Union Pac 1st 4s Union Pac 1st rf 43 Un Pac 4%s 67 Virginia ity Lst b8 Va Ry & P bs. \\ bash 4 %578 rets Wabash 58 76 B, 10413 priced at 98% to yield about 6.17 per ' amounts to cutting a melbn b g S M 214 | sclected. 4 | greening apples peddled out at 1.75a that a limited number of the common shares had also been privately sold at $24.50 a share. Among the issues included to work toward levels were Tubize Artificial Silk, down 10 points at 570, and Checker Cab Manufacturing. which was freely sup- plied from 48 to 45%. GRAIN PRICES GAIN ON INITIAL TRADING Wheat—Corn Market Bullish. By the Associated Press. CHICAGO, November 2—Grain prices showed an early upward trend today. Some of the buying of wheat was associated with talk that Hoover's speech at St. Louis tonight would deal with plans of farm relief. Unfavorable weather had a bullish effect on corn. Opening Y to % higher, wheat after- ward held near to initial figures. Corn started s to 1'% up and subsequently reacted a little. Oats were firm. Pro- visions likewise slanted upgrade. Houses with foreign connections led the buying in the wheat market today, but advances brought out profit-taking sales. In addition to purchases based on gossip about possible farm relief de- velopments, reports were at hand con- tinuing to stress likelihood of reduced official crop estimates in Canada. It was pointed out that the Dominion government’ reports are made in ces operation with those by provincial offi- cials and that the Dominion estimate would therefore probably make use of recent pullish figures from the Province of Alberta, as well as making modifica- tions in regard to other provinces. Widespread rain or snow in the greater part of the corn belt counted in favor of buyers in the corn market. Besides, exporters continued to outbid Chicago for corn at interior points in Tilinois. On the other hand, analysis of latest - unoflicial crop estimates in- dicated that the crop is heaviest in commercial corn sections and lightest in less important commercial corn areas. e i decy COTTON IS STEADY AT OPENING PRICES Southern Selling Causes Declines After Gain on First Deals. By the Assoclated Press. NEW YORK, November 2.—The cot- ton market opened steady at an ad- vance of 1 point to a decline of 3 points. Most of the active months sold a point or two above yesterday's clos- ing prices during the first 10 minutes on buying promoted by reports of freez- ing temperatures in the Western belt, but the failure of these unfavorable weather advices to stimulate a more active demand was evidently a dis- appointment to holders of contracts. At any rate, the bulge met considerable realizing and Southern selling, with the result that after advancing to 19.34, January eased off to 19.25, and the gen- eral market showed net declines of about 4 to 9 points by the end of the first half hour. Private cables said there had been trade calling and cov- ering in Liverpool on the reports of cold weather in the South and also reports of improved cloth sales for South America and the Continent. NEW YORK PRODUCE MARKET NEW YORK, November 2 (Special). —Jobbing sales on Upstate New York round white potatoes in bulk were made at 1.80a2.15 per 180 pounds. Maine, Green Mountains, realized from 2.15a2.25, occasionally higher on fancy Western New York, United States, grade No, 1, 2!3-inch Rhode Island 2.00 a bushel basket. Barreled stock of the same grade and size commanded 4.50a7.00. Wholesale business on white Danish cabbage in bulk was reported on the basis of 35a38 per ton. Western New York celery in the rough, packed in two thirds crate, brought 2.50a3.00, occasionally 3.25 on the best, 2.00a2.25 on fair quality and 1.00a1.75 on poor. Domestic yellow onions held steady, with 4.25 the top price obtained on the very best consignments from the Middle Western States. Oronge County, N. Y., vellow onions of small size changed hands at 2.50a3.25 per 100-pound sack. Purity Bakeries Stock Offer. NEW YORK, November 2 (#).—Purity ries Corporation of Chicago, today 2red common stock holders the rigat ) subscribe to additional shares for a share at the rate, 1 share for each 0 now held. There are approximately 1 470,000 shares outstanding, and current Forecast of Hoover Speech Affects | NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIALS. in hundreds. High. Low. Noon. | ¥ 59 Acoustic Prod 21% 21 31 |Sales 'BONDS. 6 A s in thousands. 7 A%Te"’u’pfi‘c"k“'. ’i % 30AbER & Stra Sias willl 110% 110% Altison Br 8 H s"‘ 5Ala Pow 415 96% 96% 98% 39 13745 1 1 98 3 g 5 v 34 01 B H ik 1 1 i | #o 89i 2y 3 2 1 3% 3% 16 12% 12!2 I ’: 108 14 a1 20 i 5% 5 . 43 H - v { o 8 ‘Valve Bag 65 109% 108 ' 1087a 14 10 O1l 6s. 1103 110%3 110% 49 s 03 " 103 11 99 99 2 2 5 2 % 1 22 11 10 1 3 h ;i 3E 2§ Gan Marconi W = o 1 GaimneEn om0 10 Pirest ' Cot Firestone T, Fisk Tire 5% Fla P&L 9 Curtiss Flying Serv. 1 Curtiss Flg Sve s 7 d 7Davega Inc. ... 11 Davenport Hos 46 De For P 6s. ;818 B 1g Nor States P s E 6Pac G & E 4 23 N h ww 101% 101% 1B Eol 1Penn P& L 55 B 52103 103~ 103 (33 ¥ 5Phila Suburban 4%4s. 100 100 100 3 i nc Ed_ 55 E 9 99 22 Freshman Chas 8 fi 8 ] jGaleshurg C'& D0 940 94 94%) 3 93 93 H 4 Gears & Forgings B 3 12'2 li 1 9512 9515 SGen Am Inviriew L 15 180 18 H 00%% 10080 3 Gen Bak pid'n’ 6% 16% ] 08% 108% 13 Gen Bionsa® o H 03 1037 16Ga e a1 a1 H %, 155 3 Glen 23% 231, 38 i i %Glrn Alden Coal 148 48 Stan 100% i Gobel A n 10 4 38 813 7815 9 Gold Seal Eiée : 9% 9 10 8un 1014 § Gotham Teniha Wfich 147 88w 1004 56 Habpin © 81 A i B1; £ 5o % 5 H RN 11 - 3un i1 Wor 5U 98 e .. 501 59 6 134 i v 94 25 b IHV Int Shoe ¥ 1001 1 Intern Ut 2 Intern Oili B H L 3 Intern Util war 1 Keyst Sales FOREI e i ousands, TOREION BONDS. akey Found & M 2 Larrowe Mill, 4 Boenos Alre 2; ;f!{‘b COOA_I 5 Buenos Alres 7'2s 5LI‘L X wel 31 Danish_Cons 5%s i 08 32 Denmark_4las 4 Long Isl 12 Pree St 12 Marc Wire Lond B. 1Gelsen Mi 3 28 Mariman SGer Sons Mun o 3 18 Massey. Haeris 54 Ger Br'e Sy ] 21 Mavis_Bottling 1 Hambur Tt 1014 r 22 Indt M sl Finlan 100 al Supe 11 Lombard z‘ 131 9 Mendoza 96 5 Montevideo 95 95 38 Mor Bk E1 12 Muni Medellin 7 98% 98 5 1Muni Medellin 83 90 2 S Patana Ts 922 1Minne Hon Reg . k! 2“Mtrmr pid Y Mohawk Hud 'Pow.. 2 Mohawk Hud war.. 8 Mond Nickel Ltd rts 11 Montecat "deb rts .. { Municipal Spgfia INat Mfz & Stores 1Nat Pub Ser A . 2Nat Rub Mach 2% Nat 8 20 Nath i o ug R N J ! Strauss inc Corp n—New. ww—With warrants. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., November 2.— Potatoes, white, 100 pounds, 1.00a1.10; Nor St 2Pac G & E 1 pf 11 Parke Davis do 3 Pend o A 1 Peop Drug_ Stor Pet Milk wi . 1, Pitts Pl Glass sweet potatoes, barrel, 1.50a2.75; bushel, ,2 Botrero Sug 75a1.00; yams, barrel, 1,75a2. beets, 13 progt & Gamble 100, 4.0035.00; brocolll, -bushel, 65a7: ub § P Brussel sprouts, quart, 15a20; cabbags o gfiffi':'zgw“ljmméu 100, 3.00a6.00; carrots, 100, 3.50a5.50; o BRThentoh celery, crate, 1.50a2.50; Caulifiower, crate, 1.50a2.50; kale, bushel, 50a60; lettuce, bushel, 75a1.25; lima beans, bushel, 3.00a5.00; onions, 100 : pounds, 2.00a3.50; oyster plants, 100, 6.00a7.00; parsnips, basket, 50a70; peppers, basket, 30240; pumpkins, 100, 10.00a20. spinach, bushel, 40a70; tomatoes, bask 50a1.25; turnips, basket, 25a40. Apples, bushel, 75a2.00; crabapples, bushel, 2.00a2.50; cranberries, box, 3.50a 4.25; damsons, bushel, 1.50a2.00; grapes, basket, 60a65; pears, bushel, 1.25a3.00; grapefruit, box, 3.25a4.25; oranges, box, 3.25a6.00; plums, bushel, 1.5082.00; quinces, bushel, 50a1.50. Hay and Grain Prices. ‘Wheat—No, 2 red Winter, export, no quotations; No. 2 red Winter, garlicky, spot, 1,341 18parks Withing. 6 Spencer_Kellogg 28tand Inv......... 3 Stern Bros B vt 3 Stutz Mot Y4; November delivery, LMH: cllrgoes on grade, no sales; bag lots, no sales. Corn—No. 2, domestic, 1.10; cob corn, new, 4.00a4.25 per barrel. Oats—No. 2 white, 5212a5312; No. 3, 50a51. Rye—Nearby, 1.10a1.20. Hay—Receipts, 11 tons. New hay is arriving in only limited quantity. It is, therefore, not belnf officially graded and sells strictly on its merits, within range of 16.00a18.50 a ton, timothy and clover grades. Straw—No. 1 wheat, 11.00a12.00 ton: No. 2 oat, 12.00a13.00. Dairy Market, Live poult.y—Young turkeys, pound, 1 45; old, 35a40; Spring chickens, 20a32 | Leghorns, 20a28; old hens, 24a32; Leg- il Tex Corp ris wi...\. 7Timken Det Axle.... b Prod Export 1 Woodworth Ine ..... Salesin MINING STOCKS. hundreds, 4 Cent Am Mines. roosters, 18a20; guinea fowls, each, 40a 85; ducks, 24a26; small and old ducks, 18a20; pigeons, pair, 30. Eggs—Receipts, 1,141 cases; native and nearby selected whites, free cases, * | horns, 24a25: small and poor, 20a32; old | 3} FINANCIAE." BUSINESS OUTLOOK | DECLARED BRIGHT Rise in Copper Prices and Other Developments Point to Production Gain. BY J. C. ROYLE Special Dispatch to The Star. week in the business and industrial world. The red metal has now risen in price to a level where production is possible even by high-cost concerns, and properties which have been closed for a year or more are opening up. This is providing work for thousands of men in the mining and affiliated in- dustries. ‘The decision of the Pennsylvania Railroad to electrify its lines will mean of thousands of pounds of copper dur- ing the next three years. Both domes- tic and foreign demand is now heavy. Production is increasing, but has not yet reached a stage where it is likely zinc remain steady. Miners Wages Increased. in many of the copper properties and fllrodumnn is now running at a rate excess of 5500 tons of copper a month. and manufacturers are pressing pro- duction. The Christmas demand for household electric devices undoubtedly will be very heavy. The automobile factories are now actively engaged in reparation of the new models for 929, but output of present models continues at a very high rate. Out- put of parts and accessories for the new models is keeping the accessory ghnu well engaged. Tire production dropping. ‘The cement outturn is still very high and competition is keen, since the frosts have served slightly to check building activity. Although lumber pro- duction is over 25 per cent higher than & year ago, stocks are not piling up, while unfilled orders are ‘high. The combinations effected in the aviation industry have given a decided stimulus not only to airplane and engine output, but to the machine equipment trade. The airplane factories are retooling for an active season in 1929. The pros- ct of a merger of important factors g the nickel production line has stimu- lated interest and buying by consumers, although the main users will not begin buying for 1929 in real earnest for some weeks yet. Prices are steady and seem likely to remain so, in the opinion of metallurgists. Cotton Mill Operations. Industrial activity is pointing toward a drop next week because of election day. Some workers will take the entire day off to vote, and it is noticeable that this will be done mostly in trades such overmanne an W] - ers need the work and its attendant badly. va lyh.:; been some expansion of cotton mill operations, but a condition of normaley not been re: , as is shown by the failure of the trade to absorb m;fl u:ua} o.mm:x&)t of chemll;:‘:lla and dyes. ces for cotton goods have heendglem, and the weather has stimu- lated apparel sales. NEW GOLD SHIPMENT. NEW YORK, November 2 (#).—The American Exchange Irving Trust Co. announced today that it had arranged another shipment of _ap tely $5,000,000 in gold from England. This the total movement to more than $22,000,000 since the return of the flow of the fcunw metal in this direction this Fall. Speyer & Co. announced a shipment of about $2,500,000 this week, and about two weeks ago the American Exchange Irving announced a previous shipment of $5,000,000. The movement is at- tributed to-the recent sagging of sterling exchange below the gold import point. Option Is Extended. NEW YORK, November 2 (#).—Option given by the American Brown Boveri Electric Corporation of New York to Laurence R. Wilder, a director, to buy Boverl’s shipbuilding plant at Camden, N. J, has been extended to January 1, 1929. The option was granted last June. ‘The price put on the plant is $8,000,000. If the sale is consummated it is proposed to use the proceeds to retire bonded debt of $5,100,000 of first mortgage 5 per cent bonds of its predecessor, the New York Shipbuilding Corporation, and liquidate bank loans. EXCHANGE SEAT SOLD. NEW YORK, November 2 (#).—The seat of Henry R. Monroe, who recently was expelled from membership on the New York Stock Exchange on a charge of planning to defraud the United States and New York State Govern- ments of income taxes, has been sold to John A. Maler for $460,000, it was learned today. Mr. Maier is connected with the stock exchange firm of De Copper & Doremus. Monroe bought the seat on February 14, 1924. The prices that vear ranged from §76,000 to $101,000. U. S. TREASURY RECEIPTS. Treasury receipts October 31 were $4,- 847,258.95; expenditures, $6,116,956.64; balance, $210,237,265.34. TREASURY CERTIFICATES. & Co. (Reported by J. & W. Seligman % 18 DIVIDENDS. Regular. Pe- Pay. Hdrs. of Company. Rate. riod. able. Tecord m. Tobacco 33 c. i Nov. 1or Do B .. 1 Assoe. G Do 1% o Eitingon Schild’ " 62 Hackensack Water. . Do 1% pt ......81 Horn & Ha (N. 1 Kroger Groc. ‘& 3 Middie West ‘Giitties il Sebmicer m} Southern Citles Ut the consumption of additional hundreds | Roval Dutch ‘Wages of miners have been increased | centimes. The high rate of industrial activity | fiom " Fieer has stimulated electric equipment sales, f 29-32 29-32 s [ 1933 97 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) dozen, 47a48; firsts, 42; current re- ceipts, 40. pound, 46a49! blocks, 47524915 ts, 4912a51%3; ladles, 35a38: store- packed, 33; process butter, 41a42. SHORT-TERM SECURITIES. | mavket quotations have boen aroun 5130 per share so thaf the offar| of about $1,800,000, (Reported hy J. & W. Selisman & Co.) g’:;::;_»‘::;nv-m“ Sales INDEPENDENT OIL STOCKS. Bid Offer |50, crown. b in hindreds. 100 ok o 3'Am Con Oflfields .. 102 = a Ibo l”‘ . SRR 3t's| GERMAN BONDS AND STOCKS. 103V, | Special Dispatch to The Star. adian’ Nat. Rwy, 1%4,,| NEW YORK, November 2.— Ganadian Nor. Ry. & 9 i dray - Asked. e o '3 Red t] raw X 8 u'c'u?"-'z'fi Be 18 RME I ss.00 s000 Ger Govt Red n"mmut Tt il o g, o0 Hpmbirg 1&'- @20.' i %5":%9 2 Hec'd B fir Gen Elec 4. : Tin 4s pre.wa px e mburg 3s. 3 r g . ambure American Line 10 52 o i, L i &g 1 ds P ] 1.00 Sinclair Crude Ol Co. 51-8 R ey T dal PR B FIL R A E G (Ger Ge Elec 44.00 Salesin ST 5 ST Bt AES & oEiec b 5110 900 1o units. MER SUBSIDIAR St v, 1992 ommer7 an 3 go0 awoe 100 At} Lobos. . e Union Oil Co. of Cailf. 55 1035 | o8's 991} onto Gellse 3800 600 500 Atl Lobos Bid U”S. Smeltins Co. i3 1933.... 10212 103 | Bisconto Gellacha 90 4000 2600 Contl ' Oil rn Electric 03 ' 103% | BeTiner, HANS 3000 4100 100 Homole Westinghouse 03, 104 s B 39 % fson Tl P L Wheeling 5t 01 101% | Deviastnedtor 3500 33: 3700 tmp O Can *-— eyden Chem fo00 1300 i e Eel fid i e i o 1| e BARE i 48 800 Ohio O} .. mouth’s oldest living gradual of rman ('de vk ¥ 2600 Prairie O & G James W, Perkins, 64, [ e Lfngd'm af! : d Butter—Good and fancy creamery, | Audepest, pengo. Pregue, crown o S 8 pr_lien.. Do %6 bt - S0c tes 1% B 5508 Spalding, (A. 3 Bros, 1st pf. ties Ty Do 3d pf Stand Royal Wewoka D! Assoc. Gas & Sauibb (E. R 36 1st pf . $150 Q Nov. 1 Oct.28 . Increased. Brit. Type Iny. A..40c B.M.Dec. 1 Nov.1 Tifinots *Bipe "Line. . Dec. N Blinols Fipe Line, 1084 Dec. 13 Nov. I Bros. ..........5150 Q Jan.15 Jan. § Stock. Sun Ol ... 6% .. Dec.15 Nov Zenith Radio 00% 1 Nov.1s Nov. 13 Interim. 10% PARIS BOURSE PRICES. PARIS, November 2 (#).—Prices were firm on the Bourse today. Three per to cause a drop in prices, Lead and cent rentes, 65 francs 15 centimes; 5 per cent loan, 92 francs Lol 40 centimes, !:xchxnxeTf;In x:tllldon‘ 124 francs 13 e dollar was 25 francs 60 centimes. N WILL BUY Consolidated Granite Corpora- Mortgage 6'4% Sinking Fund Bonds, Series A and B. if ent ok S0 C. lar, Omee"*" e Cotton Write letioite or call for weekly market No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 WE FINANCE el classes ot tncome-productng Large Loans a Specialty Ourrent interest rate and commissior Higbie & Ri In Nearby Virginia Prudential 5]/2% lm::l:::l::o. Loans | Commonwealth Investment Co." 917 15th 8. N.W. Phone Main Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Mortgages ortgage Money Loaned 2 : At Low ‘Interest Rates Tyler & Rutherford ;| Representing Mutual Benefit Life Ins. Col | 1520 K Street Main 475 » The Mutual Serial Building : Association Organized October, 1592 Under Government Supervisiom _ Subscribe NOW for stock in the 37th Series Shares $1 Each, Payable Monthly 5% Interest paid on your savings John Finn President Thomas E. Petty Secretary 1421 You Street N.W. J. Walter Stephenson Treasurer 7th Street S.W. Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 IDSOSDD DALY REAL ESTATE LOANS 5%9% Homes, Apartment Business Properties In District of Columbia and Nearby Maryland-Virginia 3.5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incororated) Decatur 3600 1321 Connecticut Avenue + Mortgage Loan Correspondent New York Life Insurance Co.