Evening Star Newspaper, November 5, 1928, Page 15

.. FINANCIAD:® FINANCIAL™ INDUSTRALBONDS | (== o=_BONDS s e who have within the last year made substantial investment in the Texas corporation. OIL CONSOLIDATION | i sans gy (g A |the ‘movement toward _bringing BUYING IS LIGHT STOCK PRICE INDEX Special Dispatch to The Btar. FEATURE MARKET seveetes™. ™y Barnsdall 6 Per Cent Con- vertibles Advance—Paper Group Weak. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 5.—On the eve of election the bond market slowed down considerably in spite of the de- cline in the call money rate to 7 per cent after ruling at 7!z per cent for the past 10 days. It was among the industrial issues that the most apparent changes oc- curred. In response to the rise in Barnsdall stock, the 6 per cent con- vertibles had an early advance of over four points, which carried them above 140, to a new high price level. The bonds ex-warrants were also firm. Other oil issues did little either way. The copper convertible issues were quiet with a sagging tendency in Andes Cop- per 7s, which are now off about 13 points from the recent high. A weak spot both on the exchange and in the curb market was found in the paper group. International Paper 6s declined further in carly sales, and at 99 were off 6 points from the high of the year. The first mortgage 5s were down the same amount. The Abitibi Power 5s, which were brought out carly last Summer around 95, have de- clined to 85. At the same time the preferred stock of the company has dropped from 102': to 76. This has been one of the most unfortunate pieces of financing of the year, especially as it involves a very large amount of capital. High-grade issues were steady but quiet. There were advances in the United States Government group and in the better types of railroad bonds. The most interesting announcement of the day was that of the application of the Atchison to issue $30,204,000 of 4> per cent convertible debentures. Those are to be offered to Atchison stockhold- ers at par and are convertible after De- cember 1, 1930, into common stock in the ratio of six shares of common for a $1,000 bond. This is the third piece of financing the Atchison has done in about a year and it resumes the early policy of the road in obtaining new capital through the medium of a con. vertible bond. Seaboard Air Line issues were stead- fer after the sharp reaction in all of them last week, during which they ex- perienced an average decline of over 3 points. 1t Prominent among the strong issues in | UNITED STATES. (Sales are 1n $1.000.) Lib3%s... Lib1st4%s Lib 4th4ys U S 3347, US 451944, US4yss2. 1 Argentine 6s Ju 59, Argentine 6s A Argentine 6s B Australia 4%4s 56 Brazil %3 1926. Braszil 618 1927, Canada 58 1952 Canada Chile Chile 75 1943. Chinese Gov Ry bs. Colombia 6s Jan 61. Copenhagen 414 '53 Copenhagen 5s ct. Czecho 88 195 Czecho 85 19 Denmark 63 DE15%s Novsi., Dutch East 165 47. Dutch East 1 68 62. El Salvador 8s 48 Finland 5%s....... iinland s £ 6s45... Fintund 1 German 78...... Ger Am Bank 7s. Haitl 6s.. Holland-An Hungary 7 Irish Free State b Italy 7s. Italian Pub S 7s Japanese 4s Mexico 4s 04 asntd. Mexico 4s 10 asntd. Milan 6%s. Montevideo 7s Netherlands 6s 54 New So Wales 685 Nord 6%, Norway b3 1 Norway 6%s. Norway 6s 1943 Norway 6s 1944 Norway 6%s 1952 Orlent Dev deb the foreign group were Japanese gov- ernment and municipals, French and Belgian government and German cor- poration bonds. Washington Stock Exchange SALES. Ca‘pniéal Traction Co.—10 at 106, 16 at Chestnut Farms Dairy com—5 at 175. Potomac Electric 5% % pfd—2 at 109. Washington Rwy. & Electric pfd.—10 at 100%. Riggs National Bank warrants—185-265 at 295, 195-265 at 205; 163-265 at 205 90-265 at 205, 190-265 at 295, 95-265 ot 295, 230-265 at 295, 95-265 at 295; 115-265 at 295, 2,016-265 at 295, 20- 265 at 295, 7 at 295, 12 at 205, 7 at 205, Washington Loan & Trust—3 at 511%. Merchants' Transfer & Storage pfd.—3 S at107l, Mergenthaler Linotype—10 at 1001, 3 at 100%:. Sanitary Grocery Co. pfd—10 at 151, 50 at 151 AFTER CALL. ‘Americin' Security & Trust Co—1 at 454, 4 at 454. Lanston Monotype—15 at 1147, 20 at 11 5. Federal Americah National Bank—S5 at 336. NOTICE—This exchange will close tomorrow, “Election Day.” Bid and Asked Prices. BONDS. TLITY. PUBLIC UTILITY. Byg, Asked. : » C. & P Te Cap. Traction R. R. City & Suburban 5§ Georsetown Gas 1st 55 Potomac Elec. 1st 5s. Potomac Elec. cons. Potcmac Elec. 6s 1953 Wash., Alex. & Mt. V. Wash, Ballo. & Annap w Gas_5s. i MISCELLANEOUS. Barber & Ross, Inc.. 6%a8 D. C. Paper Mig 6s Pot. Joint Stock L'd_Bk. Wash, Market Cold Storass Wash_ Cons. Title 85.. Wardman Park Hotel 5'a8 STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga Capital Traction Washington Gas Norfolk & Wash c. & 02, 104% 103" i 108% 0% 515% pid wy. & Elec. com ¢. & Elec. pfd NATIONAL BANK. onal Capitel 5 25 bia ... 362" mbi : Commercial ] i 242 icoin onal " Metrope s warrants Second % National Bank ‘of Washington TRUST COMPANY. American Security & Trust Co. Continental Trust.......... .. Merchants. Bank .l nal Savings ‘& Trusi jon Trust 9% ashington Loan & Trust SAVINGS BANK. Bank of Bethesda. shington Street feks bl FIRE INSURANCE. | ie. of Md' com te pfd MISCELLANEOUS. e. p: Liptoype Tav. pld Stores pfd genthaler A Mtz & Peoples Druz Security SLOTAge........... Sanitary Grocery Co. pfd. . vash Medical B Woodward & Lothrap b, CHICAGO DAIRY MARKET. CHICAGO, November 5 (#).—Butter unchanged: receipts, 9.714 tubs; cream- ery, extras, 477, : standards, 467 extra firsts, 46a47; firsts, 4317a45; seconds. 4124215, Eggs, cases; ordinary extras, 3115; receipts, 4982 extra firsts, 41: firsts, 37a40; firsts, 28a31; refrigerator refrigerator firsts, 3015, unchanged; Sweden 6s. . Swiss 5% 1946. Swiss Confed 8s. Tokia bs. Tokio 6%s 1961.. UtdKingdm 5%s 37 31 105 Uruguay 8 Yokohama Paris-Ly-Med 6s.. Paris-Ly-Med 35 Peru 7% Poland 6s 40. Poland 7s (rets) Poland 8s. Prague T%s. Queensiand 7s. Rhineibe Un 7s... Rio de Janeiro 6%s RiodeJan 8s 1946. Rome 6%s..... San Paulo City 8s. Sao Paulo 8s 1936, Saxon (PW) 7. ne 7s 42 Soissons 6s Sweden 5 %. ceeed Sy .11 96% 964 0! 1012 1014 20 99 22 6 107,19 107 10 1223 11219 11219 FOREIGN. 16 99% 15 100 5 190 9 R84 4 106% 106 10 108% 107% 108 4 1064 105% 106% 5 115% 115% 115% 6110 110 110 3 105% 106% 105% 2 101 100k 100% 9614 96 96l 963 96 96U 8 100' 100 100 4 10815 10815 10815 2 102% 102 102 11 104% 104% 104 5 100% 1004 100 9. 9: 3 93ta 925 923 102% 101% 102% 34 34 Bl 91 90% 91 883 BNla 88Y 95 95% 95% 5 109% 109% 1093 20 109% 109% 109% 7105 104% 10415 1 4 10315 103t 1034 | 104 104 104 103% 103% 103% 4110 110 110 5 91 90% 90% 1 9 96 961x 2 100% 1004 10012 107 107 107 19 114% 1144 114% 4 96 96 96 " 71 106% 106% 106% 10 99 99 99 99% 997 997 1 105% 105% 105% 3 101% 101% 101% 96% 96 96 97 96% 96% 96% 4 52 92 92 25 102 101% 101% 2 100% 100% 100% 6 100% 100% 100% 11 23 2. 33 23 2o 8 91% Ol 9% 1 101% 101% 101% 15 100% 100% 100% 2 94 934 94 12 102% 102% 102% 6 9% 97 9T 36 22 101% 100% 101% 1 102% 102% 1024 6 103 102% 102% 6 102% 102% 102% 2 98% 98% 98% 6 9915 99y 99y 11 104% 104 104% 91t 91 1 4102 101% 102% 4 107% 107w 107% 7 811 831 84l 10 88 8T% 87% 23 99% 995 99% 6 106 105% 108 1 112% 112% 112% 1 103% 103% 103% 4 96 95% 96 6 107 106% 107 48 924 92% 92% 1 115% 115% 115% 3106 105% 106 50 99% 99% 99% 4 10435 104% 104% oo e 9 104 103% 104 1 102t 1021 10: 3 1041 103% 103% 4 110% 110% 110% 6 T9% 794 4 3 90% 90% 90% 104% 105 4 108% 108 108% 8 95% 95% 95% MISCELLANEOUS. Am Cotton Oil 5s.. Am Smit & R 1st 58 18 101% Am Sugar Ref 6. Am T & Teltr 4 Am T & T cl tr b AmT&Ts 15 Am Tel & Tel 5%, Am Water Wks is. Am Writ Paper 6s. Anaconda 1st Anaconda cv db Andes Copper 17s. . Armour&Co ¢ %839 Armour Del 5%s.. Associated Ol 6s.. Barnsdall 6s 1940, 3 Bell Tel Pa 58 B. Bell Tel Pa5sC Bethlehm Sti pm 58 Bklyn Union 5%s.. Certain-Td5 % srcts 3; Chile Copper b Colon Oil 6538 Col Gas&E| deb 68. Cen Coal Md 1st bs. Con GasN Y 534s.. Consumers Pow bs. Cuba Cane 8. Cuban Am S Denver Gas 5s. Detroi Dodge LSast Cuba Sug T%s Fisk Rubber 8 Gen Mot Ac Cor Humble Oil bs Humble O & R 5%s 1llinois Bell 1st 55, 11linots Steel 4%s. Indiana Steel 53 ntl Cement s 4 Intl Match bs 47 Int Mer Marine Int Paper 68 47. Ioter Paper 6s. Int Tel&Teleg 4%s Kan City P & L b Kelly-Spring 8s Laclede 5s... Laclede G b%3 52 Lorillard 6s. Lorillard (P Louisv G & I 58 b; .| ManatiSug sf 7%s. M1d-Con 6143 40. Midvale Steel 5 Mor's&Co Ist 444, Nat Tub 1 £ New Kngianad ‘Tel 6 N ¥ Edison 63 44... N Y KEdison 6%s. [ Nor States Pow 6s. Pacific Gas & K bs PacT & T 53 52 Pan-Amer Pete 6s. Pan-Amer Pele 7s. Paramount 6s 1947 Pathe lxchange 78 PhilaCo b5 61 wi.. Philips Petro 5% Pierce-Arrow 8s. .. Por Kic Am Tob 68 Postal Tel & € 6%, Pressd Steel Car Public Service 4 s Punta Alegre 18. Rem Rnd 5%s war. nclair O1l 6s. Sinclair Ul 6345, Sinclutr Oil 7s. Sinclatr Crude 5%s Sin Pipe Line 5s. Skelly Oll 6% Southwest Bell 5s. Stand OIL N J 68 46 rennElecPow 6s 47 United Drug s 63 LS Ruo Istrt US Rub 748 U S Steel s { 58 Utah Pow & Lt b Vertientes Sug 7 warner Sug 18 39.. Warner Sug 7s 41.. 25 NYGELH&Pbs 4 .12 1084 1 98% 08% 98% 101 101 103% 103% 99% 99 104% 104 106 106% 107% 107% 99% 99% 88 88 105% 105% 5 104% 994 104% 10635 108 3 00 137 142 106% 106% 109% 109% 101% 101% 1014 1014 4 1025 102% 104% 105 309 315 89 904 96% 96% 10415 1043 | 1001% 101% | 7814 6 1055 1041 Tdly 103% 100 1084 103% 90 1 2 102 108 93% 100% 101% 104% 981y 10354 101% 987k 103 b 96 99% 97 104% 110 1011 ‘s f 78% 8% 105% 105% 104% 104% 4% T4l 103% 103% 100 100 108% 108% 1034 1034 90 90 112 112% 1024 1025 107% 107% 93% 934 100% 100% 1015 101% 104% 104% 98'% 981y 103% 10 100% 100% 9K 987 103 103 96 96 99 9u% 96% 967 104% 104 110 110 101% 101% 10452 104% 871y 874 10445 104 103% 103% 1015 101% 106 106 100 100% 8T% BTW 105% 105% 108 108 104% 105 1154% 115% 107 107 101 101 106% 107 4 110% 110% 100% 100% 101% 101% 1024 104 105% 105% 105 108 104% 997y B0t 99% Y1 994, 94 X i 1015, 10345 ‘ y % 94k 104% 104% | 1024 1027 106%% 106 )7 9T% B9 B 100% 1004 108 108% 101% 101% 9Tl 9L 91 1 105% 105% 105% 3 102% 103 108% y 9 11 101 1101t 3 98 3 9 064 1061y 1"; 106% 1 Sales. High. WinRepeatAr 73s. 12 107 Tngstn S&T 6s w1, 46 101 RAILROAD. At&SF cvt 4s 05 ‘ Atchison ad) 4s. Atchison gen 4 Atlantic C L cl 4s. Atlan C L 4%s64. B&Ooviy B&O ref bs. B & O 58 2000 D B&Ort imp 6 B&OPLEWY Brooklyn Elec 64 Brooklyn Elev 6148 15 Bkivn Manhat 6s.. 3 BUft R & Pitt 4345, Can Nat 4% 30, Can Nat 44867, Canad North 6% Canad Pac deb Can Pac ¢ Central of . Pac 1st 63 90. C Corp s w Ches & Ocv 448, Ches & O gn 4%s.. CB&Q4%s17B. Chi&E 111 gn 68 51, Chi Gt West 4s 59 CM&StPgn8y.. CM&SLP ret 4% 589 ChiMiISP&Pac5s 15 CMSP&Pacadi 6s03 67 Chi NW 4%s 2037.. Chi & NW 6%s.... Chi R 1& Prf4s.., CRIPac4kswi. 52 C& W 15%4862.... CCC&StLbsD... CCC&StLrf6sA. Clev Term 548, Colo & Sou 41 Cuba R R 5s.. Cuba RR 71, Cuba Nor 5%s ¢ Del & Hud 1st rf 48 Det & Hud 6343, ... Den & Rio G cn ¢ D & Rio G imp bs. . DR G & Wst 5578 Erie 15t cons 4 Erle conv 45 B Eriecvt 5867 wi.. 26 Fla East Cbs 74... Gr Trunk stdb 6 Gt Nor 4% 76 D. Grt Northn 4%s Great North os. Great North 5 Great Nor gen 7s. . Green B & W deb B Hav El Ry 6%s 51 Hud & Man a) 58 Hud & Man ret 5 Ill Cent ref 4s. 100% 109 9% 111-C-C- StL&NO bs Int Rapid Tran 6 Int Rap Trans 7s. Int & G Nor 1st 6: Int&GtNoradj 68 52 Int Rys C A 68 72.. Iowa Cent rf Iowa Cent 1s Kansas City S 3s. KKansas City S bs. Kan City Term 4s. Lake Shore 4s 31 Lehigh Val cn 48, LehighVal con 4%s Louis & Nash 5%s. Man Ry 1st 90. Market St 75 40.... Mil EI Ry & L 58 61 M St P&SSM cn 4; M StP&SSM cn 6s. . MStP&SSM5s38gtd M StP & SSM 6%s. MK&T4sB. 106% 6814 994 102 8914 955 99% 1004 86% 103% 103% 102 1902 915 8% 101% 101% 99% 995 5714 MK&TprinbsA, Mo PacHic gen 4s. Mo Pac bs A 65 Mo Pac bs F' 77 Nassau El 48 61... NRM 4l%s’51asst NOTex&M 435 56. NOTex&M5sA.. e s O L b L =TT NYC&StL6sA. New Haven 314s 56 New Haven 4s 55.. NYNH&H4%as. NY NH&H cv db 6s N Y Rys 68 65... N Y State Ry 4%s. 1 NYW&B4Y% 2 Nor & S gen 58 Nor Pac 3s 2047, Northern Pacific 43 Nor Pac 4%s 2047, Northern Pac 5s Northern Pacr i 6s Ore Short L rfs 4s. Ora Wash 1st 4 9 s 100% 106% 113 9b% 904 101% 1084 1041 1105 Pennsyl 68 64 Pennsyl 6%s. Pennsyl gold 7 Mar 1st 48 56. Pere Marg st bs. . Portland EI P L 6s. Reading gen 4% Reading J C 485 10 G West cl 4s R1Ark & L4'4s, St L IM&S 4829... St 1 M&S gn 68 31 StL&SEFpl4sA. StL&SFr4%sis St L&S Fprin bs. St LS W con 4332, St P Un Dep s Seaboard AL 4 Seab A L ret . SeabAL ad) 65 1949 SB All Fla 6335 A. Seab A L con Sou Pac 4s 29 Sou Pac clt 4s. Sou Pacific ref ¢s. Sou Ry gen 4 | Sou Ry Con & Sou Ry 68 56 Son Ry Mo & ‘Term Asso S L 4 Tex & Pac bs B 1977 Tol Tr L&P 5%s 30 Union Pac 1st 4s.. Union Pac 1st rf 48 Union Pacific 43 68. Un Pac ¢%s 6 Virginia Ry 18 Va Ry & P 51 Whbash 414’78 rets Wabash 1st b Wabash 2d 58.... Wabash 6s 76 B. West Maryland 4s. Western Md 5%s. . West Shore 4s 2361 Wheel&LE rf 4%s. Wilks-B & El 1st 68 | | Spectal Dispatch to The Star. NEW YORK, November 5.— Bid. 55.00 i | Ger Govt Red Loan with draw draw ctfs per (Quoted in do | Hamburg 4%2s 1919. ‘Quoted in dollar: Ger Gen Elec 4'as 1919, Ger Ge El o (Ger Ge Elec) pfd B Commerz and Privat Bank G Farben. ... i Berliner Handels Dresdner Bank. Deutsche Bank Darmstagdter Bi Heyden Chem ... Mercur Bank Vienna North German Lloyd Austrian A E G (Gen Rudolph Karstadt..... AEG ( AE Elec) . GERMAN BONDS AND STOCKS. 1.0 4 housand ‘mark: liars per U d me 4 s ‘per ‘miilion marks,) Ger Gen Elect 4128 pre-war... 22.00 NEW Y&Rk BANK CLEARINGS. NEW YORK, November 5 (Special).— 94% 10419 | 921y w4ty 861 851y 97 B4 106+ | 98 | 106% | 971y 102 89 955 993 100% 86% 108% 1025 9% 101% 99% 58 21% 9% 9% 103% 824 96'% 924 100% 108% 1005 90% 91y 102% 955 5% 78 9 1% 1 1014% 1014 82 Asked. 60.00 40.00 5.} 30.00 2333 3333333333 233333 " time to cast their ballots.” | other comm | shoulders, , | York, Long Island, crates, 2.50a2.75. #13.75; some green, turning, Oranges—Supplies moderate; demand | 0 Shell Union Ofl West Elec 58 Pouitry—Alive, steady; receipts, cars; fowls, 23a27; Springs, 25! Toosters, 20: turkeys, 30a35; ducks, 17a geese, 20, o westn Union s § 3 103% 103% 103 Westinghonse 5., 10 104% 10 Willys-Ov 6148 3 2108 10 Wiison & Co 1st 65, 12 1084 ! 1 Y 101'% New York bank clearings, $618,000,000; ATD. C. MARKET Commodity Receipts Small. Dealers Expect Better Busi- ness After Election. Receipts of commodities from nearby Maryland and Virginia this morning were about as light as usual for the first market day of the week. Buyers also were few, according to dealers, who an- ticipate heavier trading when the elec- tion is over. Just what is expected tomorrow is problematical. During the years before motor trucks became so numerous among farmers, it 1s stated, election day was really a holiday about the market lines and in the markets. “Now, however, with so many of the farmers doing their hauling in motor trucks,” observed a dealer today, “there is no reason why many of the haulers should not make trips to market early tomorrow morning and return home in Displays Attractive. Dealers feel reasonably certain, how- ever, that many persons who enjoy the right to vote will remain in the vicinity of the voting places tomorrow, where they will meet friends from all sections of the respective countles and discuss politics, crops and other matters of mu- tual interest. Wednesday morning's receipts are ex- | pected to be fairly heavy, merchants be- lieving most of the haulers will have re- covered from the excitement incident to the election and will again get down 0 business. 1t also is expected that demands for foodstuffs will be greater before the end of the week, when many of those who went away to cast their ballots and otherwise participate in the campaign are expected home. ‘Wholesalers had their usual attractive displays of frults and vegetables to offer the retail trade, and dealers in odities also had attractive greater than the de- | bstantially the e of supplies that were mand. Prices were sul same.as those reported at the clos Saturday’s market. Today's: Wholesale Market. Butter—One pound prints, 50a51; tub, 49a50; store packed, 30a32. FEggs—Fresh, selected, 45a48; nery, 53a55; receipts, storage, 33. Poultry, alive—Turkeys, 35840; chickens, 30a32; Leghorns, 27a28; fowls, 23a30; Leghorns, 22a23; roosters, 19a20; keats, young, 60a80; old, 30. Dressed, turkeys, 40a45. Spring chickens, 38a40; Leghorns, 27a28; capons, large, 42a45; small, 30a35; ducks, 28a30; keats, young, 80a1.00. Meats, fresh killed—Beef, 18a27; veal, 22a27; lamb, 20a25: pork loins, 25a26; fresh hams, 22a23; fresh shoulders, 19a20; smoked hams, 25a27; 21a22; hacon, 22; 14a141% Live stock—Calves, 15%; lambs, 13. Fruit and Vegetable Review. ‘The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) sa; Apples—Supplies liberal; demand moderate, market steady; boxes, Wash- ington, medium to large size, extra fancy Jonathans, 2.25a2.50; extra fancy Delicious, 3.00a3.25; mostly 3.25; large to very large size, extra fancy Romes, 2.50a2.75; bushel baskets, Maryland, Virginia and Pennsylvania, U. S, No. 1, 215 inches up, Grimes, 1.2581.50; 2% inches up, 1.50a1.60; Pennsylvania, U. S. No. 1, 2% inches up, Romes, Staymans, ]Bhlckz Twigs, McAfees, 1.50; U. §., No. Cabbage—Supplies moderate; demand light, market about steady; New York, 90-100-pound sacks, domestic, round type, 2.00a2.25, Celery—Supplies moderate; demand | light, market steady; New York, 2 crates, 2.75a3.00; mostly 3.00; California, crates, mostly 5.50; few high as 6.00. Grapes—Supplies moderate; demand light, market about steady; California, lugs, Flame Tokays, 1.50a1.65; fair con- dition, 1.25; lugs, Muscats, mostly 1.00; New York, 2-quart climax baskets, Concords, 14a15; moldy, low as 12. Lettuce—Supplies moderate; demand moderate, market steady; California, crates, Iceberg type, 4-5 dozen, 4.26a 5.00; mostly around 4.50. Onions—Supplies light; demand light, market firm; Michigan, Ohio and New York, 100-pound sacks, yellows, U. S., No. 1, 4.00a4.25. Potatoes—Supplies moderate; demand moderate, market steady; Pennsylvania, 150-pound sacks, round whites, U. 8., 1. 1, 1.90a2.10; mostly around 2.00; New York, 150-pound sacks, round whites, U. S, No. 1, 2.00a2.10. Sweet Potatoes—Supplies light; de- mand slow, market steady; Eastern Slore, Virginia, cloth-top barrels, yel- lows, No. 1, mostly around 2.75. Cucumbers—Supplies light; demand light, market steady; Florida, square bushel crates, No. 1, 5.00. Squash—Supplies moderate; demand light, market steady; Florida, pepper | crates, white, wrapped, 5.00a5.50. | . String Beans—Supplies light: demand ‘%!&t‘, 1m-;kcz :Qfindy: Norfolk section, rginia, 5-peck hampers, green, string- le;‘l. 6.15:18400. il eon ‘ggplant—Supplies very light; too few sales reported to quote.ry , Peppers—Trucked in stock supplying market; no Florida stock on market. Cauliflower—Supplies moderate; de- | mand _moderate, market steady: New hen- current 45; Spring smoked lard, Carrots—Supplies light; demand light, market steady; California, Western let- tuce crates, bunched, mostly 3.00; few fancy as high as 3.50. ‘Tomatoes—Supplies light; demand moderate, market firm for good stock; California, lugs, ripes, wrapped, 3.50a .00a3.35. moderate, market steady; Florida, boxes, Grapefruit—Supplies moderate; de- mand moderate. market steady; Florida, boxes, No. 1, 3.75a4.00; No. 2, 3.25a3.50. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Allis-Chalmers Co. 58 1 Alumingm Co. af A 55 19: California Pet Corp 81ss 1938 Canadian Nat. Ry. 4155 1930, Canadian Nor. Ry. 4148 1 Ches. & Ohio Ry. 4138 19: Chicago Rock Island 4s 1934 Colorado & Sou. Ry. 4s 1929, Cudahy Packing Co. Edison El. 1Ii. Bost. Gen. Mot. Accep, Cori Gen. Petrolenm Corp, s R. 5 A& 55 199 Humble O1l 8':s 1932 Michisan Cent. Ry. 4s 1829 Oregon Short Line 4s 1929, > 1937 5 5/ S0 85 Sinclair Crude Oil 8. R. v 55 194 1 8. Ry. 45 1629, 99 1982, Cailf. 55 1935.. 35. 1047, s 1038 < 197 58 of J. . Smelting Co. 548 19: Western Elactric s 1044 Westinghouse E. & M ., 55 194 1 Wheeling Steel Corp. 5i.s 19 101% FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or par), today. 34.8685 $4.84% 03903 .1300 i 19247 . pound Londen, Pari; ne. | Zurich, Atliens, adri New York bank balances, $130,000,000; New York Feceral Reserve credit bal- ances, $115,0004000, 1355 [;ngglum size, 5.50a6.00; small size, 4.75a |1 NEW HAVEN, Conn. November 5.— The fall of the wholesale price index of last week brought the figure down ! point to 979, and, consonant with this decline, the dollar increased in pur- chasing power by 25 of a cent to 102.1. The wholesale price index fs the lowest since June, 1928. The doliar's purchasing power rate of change within the past 21 weeks has never amounted to more than 8-10 of 1 per cent in a week. Its whole fluctua- tion this year has ranged between 105.1 (January) and 99.7 (September), the latter being the only time it has been less than 100 since mid-June, 1926. This relative stability near no however, cannot be considered perm: nent while the gold standard is allowed to work at cross-purposes with credit control. Scarcity in gold, bringing the reserve down to, or near, the legal min- imum ratio, will automatically limit further credit extension, thus radically affecting the purchasing power of the dollar. Fluctuations in the general whole- sale price level and in the pyrchasing power of the dollar are given below for various periods. The average for the year. 1926, is the base used. Whole- Purchasing sale power: Cts. departure Week ended— from 1926. November October 26 October 19 October 12 JURSH R SR P S RS RN RnaeoaRalaalnt er ary average Janu; 192° s 5 ! average Foreign Prices. Cables from Europe report foreign wholesale commodity prices as follows: (1026100) England, France, Italy. e 2 o 322885882 b i SSeoEist: 1926 avel (Copyrizh! rving Fisher.) 1 t, 1928, by 1 —_—— FARM BUYING POWER. Cotton, Corn, Oats, Hogs and Wool Show Declines. NEW HAVEN, Conn., November 5 (Special). —Again farm buying power fell, practically as much as last week. This week, however, cotton, corn, oats, hogs and wool declined, especially the first, and gains in wheat, beef steers and potatoes failed to balance them. Farm purchasing power has declined each week since the last week in Au- gust, with one exception, and the de- clines of the past two weeks have been the greatest this year. Index numbers of farm purchasing power and of agriculture and non-ag- ricultural ‘prices for various periods are given in the following table in which the average for 1926 represents 1 arm _Agricul- Non P purchasing tural power. prices. Week ended— Rt = SNmmwnaasabIanRen 3 e onone 1926 (Copyright, by Irving Fisher.) CHICAGO LIVE STOCK MARKET CHICAGO, November 5 (#).—United States Department of Agriculture— Hogs receipts—30,000 heads ‘mostly 10a15 higher than Saturday; top, $9.75 paid for choice 200-250 pound; butchers, medium to choice, 250-350 pounds, 9.1089.75, 200-250 pounds, 9.1529.75, 160-200 pounds, 9.00a9.75, 130-160 pounds, 8.60a9.60; packing sows, 8.40a 8.85; pigs, medium to choice, 90-130 pounds, 8.4029.25. Cattle reciepts—20,000 heads; calves 3,000; general trade rather slow; mostly steady; large steer run; in between grades not getting much action; some strength in she stock and bulls; best heavies steers early $17.60. Slaughter classes, steers, good and cholce, 1,3300-1,500 pounds, 14.00a 17.75; 1,100-1,300 pounds, 14.00a17.75; 950-1,100 pounds, 14.00a18.00; common and medium, 850 pounds up, 8.50a14.00. Fed yearlings, good and choice, 750-950 pounds, 13.75a17.25. Heflers, good and choice, 850 pounds down, 13.00a14.00; common and medium, 7.75213.00. Cows, ood and choice, 8.75a12.00; common and medium, 6.50a8.75; low cutter and cutter, 5.5026.50. Bulls, good and choice (beef), 9.50a11.00; cutter to medium, 6.75a9.50. Vealers (milk-fed), and choice, 13.00215.00; medium, 12.00213.00; cull and common, 8.00a 12.00. Stocker and feeder steers, good and choice, (all weights), 10.50a12.50; common, and medium, 8.50a10.50. Sheep receipts—13,000 heads; run largely natives and ‘“comeback” lambs: early trade active unevenly strong to 25¢ higher; sheep steady, active demand for feeding lambs at steady to strong prices. Lambs, good and choice, (92 pounds down), 12.40a13.35; medium. 11.40212.40; cull and common, . 7.25a 11.40. Ewes, medium to choice, (150 pounds down), 4.25a6.50: cull and com- mon, 1.75a5.00. Feeder lambs, good and choice, 12.25a13.25. TREASURY CERTIFICATES. (Reported by J. & W. Seligman 1928, SILVER QUOTATIONS. NEW YORK, November 5 (#).—Bar lllye}' 58; Mex an dolllrf, 137!’. i "WILL BUY tion ~ First GAINS DURING WEEK Slight Advance Noted Over Previous Six Days—Cop- pers Are Feature. Special Dispatch to The Star. NEW HAVEN, Conn. November 5.— Prices on the New York Stock Exchange registered a slight increase over those fo- last week. Increases in the price indices of oils, coppers and public util- ities somewhat overbalanced falls_in auto accessories, motor and steels. The greatest group rise was registered by the olls with a 3-point index gain, whereas auto accessorles showed an index drop of 8 points, the largest price fall. Ofl price increases were noted espe- clally in Maryland Sinclair Consoli- dated and Atlantic Refining issues, while Kennecott Copper, Granby Mine and Vapadium were price leaders ar-ong the coppers. 'Western Union, American Telephone and Telegraph and Pacific Telephone and Telegraph featured Public Utilities price rises. Major auto accessory price falls were registered by Briggs Manufacturing, Goodyear Tire, and Murray Corpora- tion. Chrysler, Studebaker and Hupp Motors declines forced down the motor price index, while lower prices among Sloss Sheffield Steel and Iron, Bethle- | hem Steel. and Philadelphia Reading f%fll and Iron depressed the steels price ndex. The highest grade industrial stocks showed a very slight index rise: second grade issues netted a 1';-point fall, {and the third grade industrials showed a 3-point decline. The price index of 50 most actively traded stock on the market showed a A compact survey of stock exchange movements is given below by Indexes and per cent of return: Stocks traded. Stocks Rate of held. sreturn. 164 2o 3 SEEE SRRBIBBEG Sanbaa A ARD50 February January 1927 1926 ayer: High (26, Low ('26,'27,°28).. FSE3EIREEETENNEE azanunLLsLLLONS piratetate et SERIRR KRR R 1000 552.8 (Oc.28) (Oc.28) (Jul. 5.6 i (Ap.'26) (AD.'26) (OC. Industrial Trading. The average daily value of industrial trading on the New York Stock Ex- change reflected a falling off of 16 per cent last week. The average amounts to $282,900,000 per day for last week, as against $336,600,000 for the previous week. Trading in all issues, industrials and others, also fell from its level of $368,700,000 a day the previous week to $314,200.000 last week. Trading fell off in every group, with the exception of motors and rails. The rise in motors was from $61,900,- 000 a day the previous week to $62,80¢ 000 a day last week. The rails ing increase was from $11,800,000 to $14,- 700,000. The increased motors activity was registered primarily in Jordon Motors, Mack Trucks and Continental Motors. Olls fell from an average daily value of $34,500,000 the previous week to $26,400,000 last week via activity drops in Atlantic Refining, Barnsdall A and Pan-American Petroleum B. The auto- mobile accessory decline from $17,300,- 000 to $10,700,000 was occasioned mainly by fewer Electric Auto_Lite, Stewart Warner and Timken Roller Bearing shares changing hands, while coppers turnover sagged from $55,100,- 000 to $37,800,000 through loss trading 8) Ore_and Greene Copper. Buck & Company Estabioned 1916 Stocks Bonds Grain Cotton Write or call for weekly market letter, No obligations BUCK AND COMPANY Evans Blds. 1420 New York Ave. Franklin 7300 We Will Loan You Money To Build Call on us if you con- template building. For fi- nancing construction or for refinancing completed buildings you will find here first mortgage money to meet your requirements. We would be pleased to go over the matter with you. No obligation on your part. - REALESTATE MORTGAGE & GUARANTY CoRPORATION Capital Resources $ 3,400,000 24 JACKSON PLACE Gola Bond: bt Rox_260. MR. THOMAS Investment 100 Broadway e own. .. Stockholm, crown We announce the opening of an office at 912 WOODWARD BUILDING Washington, D. C. (Telephone Metropolitan 5234) in charge of = HOPKINS, JR. COLSTON, HEALD & TRAIL Securities Keyser Bldg. Baltimore Activity of Cutten and Friends in Sinclair Issues Starts slight rise of four-tenths of 1 per cent. || in American Smelting, Great Northeml Merger Talk. Special Dispatch to The Star. NEW YORK, Novembe- 5.—The en- trance of some of the most powerful influences in this year's bull market in stocks into the oil industry has brought out a large crop of consolidation rumors Specifically, it is known that Arthur W. Cutten and his friends have pur- chased a large holding in the Sinclair Consolidated Ofl Corporation. Other ‘Western interests are believed to be dickering with him for the sale of pro- ducing and distributing properties. In the background are the Fisher brothers. appreciation of his in dition on your part. be served better. ME 3 gether some of the important oil comi panies as a means of protecting them. selves against small producers. The ofl trade, like the soft coal industry, has been suffering from overproduction and from too many unmanageable p: duction units. The turn in the trad from the standpoint of earnings cam during the Summer and it has permit- ted some of the companies that showed greatly reduced earnings in 1927 and in the first half of 1928 and poor balance sheets. to exhibit statements that are attracting not only speculative, but m- vestment Interests. 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