Evening Star Newspaper, November 7, 1928, Page 15

BONDS AR STRONG N RISING MARKET Hoover Victory and Decline in Call Money Increase Trading. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 7.—The com- | 3 bined effect of the Republican victory | and a decline in call money rates to 6 per cent was to produce @ strong market today for a considerable group of speculative bonds and to bring about firmness in numerous high grade foreign and domestic issues. The convertibles were all influenced by the buoyancy of the stock market. This was reflected in a rise of over 4 points in Andes Copper 7s, which sold at about 161; of 214 points in Barndall 6s, 3! points in Public Service of New Jersey 4155, a rise of 2 points in Ten- nessee Copper 6s and of over a point in Anaconda Copper 7s. The inactive oil convertibles joined this group, among them California Petroleum 5!2s and Pan-American Petroleum 6s. ‘There were a number of other in- dustrials that exhibited strength, such as American Cyanamid 5s, Internas tional Cement 5s, Cuba Cane Sugar 8s and U. S. Rubber 5s. ‘The rail group was not affected so much to stocks as by money conditions. These made an impression on most of the better grade 4 and 4!, per cent is- sues, with a long list of fractional gains in the latter. The public utilities show- ed the same trend and as a group were in favor because of-the friendly atti- tude which the Republican candidate is believed to hold toward the public utility industry. United States Government issues were quiet but steady. Interest was centered in French bonds owing to the political crisis in France. This, however, did not provoke any seiling in either the Gov- ernment, municipal or railroad issues, which was an evidence of their strong market position, inasmuch as French international government bonds had a bad break on the resignation of the Poincare ministry. . Italian convertibles were ~mostly higher. Japanese descriptions were in- clined to sag. Germans were steadier. It is expected that with the ‘election over there will very quickly be im- portant developments not only in the matter of negotiating new foreign loans but in determining the American atti- tude toward the reparations question. GOLD IMPORTS GAIN. NEW YORK, November 7 (#).—Gold imports from London, which have been increasing steadily for a month, will be augmented by $1,000,000 when the Ma- Jjestic docks here November 13, it was learned today. That amount has been purchased by Heidelback, Ickelheimer & Co., a brokerage house. Real Estate Loans Prevailing interest rates and com- missions. Prompt replies to all ap- plications. We can assist you in refinancing Thos. E. Jlarrell Co. tors 321 10th St. Let us have your applications “LOANS ON REAL ESTATE "'Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. DOWNTOWN 2nd COMMERCIAL At a Bargain Price A home for your business in the heart the city. Ideal for garage. warehouse, inting establishment o laundry ree-story building. side and rear alley, electric elevator, oil heat. Thos. E. Jarrell Co. Realtors 721 10th St. N. ) & SEIBERLING ALLTREADS LEHMAN’S TIRE SHOP 12th & K N.W. Main 480 Main 1470 First Mortgage Loans Lowest Rates of Interest and Commission FINANCIAL [ BONDS s ] ATLANTI SHPPING Received by Private Wire Direct to The Star Office ED STATES. s are in $1.000.) High. Low. UNIT I 8 25 3%s... US4ds 1944 US4yss2 FOR! Argentine s : Argentine 6s Ju 59. Argentine 63 Oct 59 Argentine 6s A Argentine 63 B Australia 5s 19 Austria 7 Bank of Chile 61z, Belgium 6s Belgium 7s 1 Relgium 7s Belgium 77 Belgium 8s Bolivia 8. Bordea Brazil 61 B | Copenhag Copenh, Czecho 851 Denmark 6s Finland inland 7 Framer: French 7s. French 73:s. German 7 A Ger Am Bank 7: Greek Haiti6s. .. Japanese 4s.. Japanese 61;s. Lyon 6s..... Mexico 4s 04 asntd. Mexico 4’10 asnt. . Mexico Milan 6 Montevideo Netherlands 6s Netherlands 6s i’m So Wales 57s.. Orient Dev deb 6s. . Paris-Ly-Med 6s. Peru 7 Peru7i Poland 65 40. Poland 7s (rets). Poland 8s Queensland 7s. Rhinelbe Un 7 Rio de Janeiro 61;s. Rome 6%s..... Sao Paulo 8s 1936 Seine 7s 42. Serbs Crot S| Soissons 6. Sweden 5%s Swiss 5145 1946 Swiss Confed 8s Toho El Pow 7s. . Tokio bs. . Tokio 5% 1961, Yokohama 6s w 1. Am Sugar Ref 6s... Am T & Tl tr 4s. AmT&Tcl tr5s. AmT&Tsf5s Am Tel & Tel 5%s. Am Water Wks 55. Anacgnda 1st 6s. . Andes Copper 7s...9’ Armour&Co43:s 39, Armour Del 53%s.., Atlantic Refin 5s... Barnsdall 6s 1940 Beth Steel rf 5s Beth Steel 5145 Bethlehem Steel 6s. Certain-Td5% srcts. Chile Copper 5s.... Colon Ol 65’38 Col Gas&El deb Con Gas N Y 5% Cuba Cane 8s. . Cuban Am Sug 8s DetroitEdison5s40. Detroit Edison 6s. . Dodge 6s. ..... Goodrich 6. Goodyear 5 rots. Humblie Oil 5s. Humble O & ¥ Illinois Bell 1st 5 Illinois Steel 41%s. Indiana Steel 55, Intl Cement 5s 48 Intl Match 5s 47. Int Mer Marine 6 Int Paperiss 47.., Inter Paper 6: Int Tel&Teleg Sales. 99 8 10 99 13 99 20 EIGN. 3 9% 6 9! 21 9 10 100 9 99% 0 56 96 11 96 29 103% 7 .9T% 2 101 " 20 108% 108 18 106 15 115% 3110 ° 8 105% 7 100% 58 962 24 96% 6 100% 3 109 5 102% 17 101% 6 104% 9 100' 31 1110 11 105 5 1041 6 104 1 90% . 13 1001 17 107% 38 114% 3 1067 4 99 3103 - 1 98 4 100" 97 .16 96% 964 1 92 10 102 7 100% 17 23% 55 24 10 341 6 -91% 2 101% 12 100% 2 104% 32 941 2 94 25. 974 13 101% 1 102% 6 1025% 1103 17 98% 29 99% 2 10414 17 91k 5 1024 59 107% 1 841 12 87% 17 99% 5 105% 3 111% 42 103% 15 96 .19 92% 92y 5 106% 2 107% 11 99% 16 1043 4 98% 33 99% 98 o9gy | N Y Cengen ks 7104 3 104% « 6 110% 110% 110% | N Y Centr £ 5 10 99% 99 1 79 21 90% 90 Utd Kingm 5%s37. 67 105 Uruguay 88...c..v. 5' 108 108 -408 20 .95% 95% 95% I'NY NH&H clt 6 MISCELLANEOUS. Ah Smlt & R1st 5s. 21 101 4 106 .77 105% Anaconda cv db 7s. 324 158 77 165% 11 93 23 92% 1 101% 54 144% 10 102% 24 105 7 90 24 96% 7 105 4104 1 108% 38 104 Gen Mot Ac Cor 6s.. 26 102% 10214 14 100% 68, 19 102% 102% - 13 104% 104% 20 98% 2 103% 63 101% 51 6 9 7 995, 10 96% Thomas J. Fisher & Company, Inc.|Kayser J & Co 5335, 20 116 FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. Investment Suggestions Each month The Equitable pre- pares a list of bond suggestions suitable for business and per- sonal investment needs. This monthly publication sup- plements a Bond List with several features devoted to the interests of Bond buyers. Send for a copy THE EQUITABLE SECURITIES COMPANY INC. A subsidiary of The Equitable Trust Company of New York 917 Fifteenth Street, N. W. WASHINGTON, D. C, Kan City P & L 5s.., Kelly-Spring 8s. Laclede 5s.... Laclede G 5335 52 Liggett & Myers 7s. Lorillard 5. .. Lorillard (P) 7s. ManatiSug st 74s. Mid-Con 65 40.... Midvale Steel 5 Mont Power deb is. Mor's&Co 1st 4%s. N Y Edison 6% NYGELH&P 4s NY Tel 4%s N Y Tel 6s 41 Y Tel 65 E or Ohio Tr & L 6s. North Am Edis 5s., Nor States Pow 5s.. Pacific Gas & El 5 Pan-Amer Pete 65. Paramount 65 1947, Pathe Exchange 7s. People s Gas bs, Phila Co 53 67 w Phila&ReadC&I 5 Philips Retro 5% Pierce-Arrow 8 Por Ric Am Tob 68 Postal Tel & C RemingtonAr 6s 32, Rem Rnd 518 war, Sinclair Oil 6s. Smclair Cruds Sin Pipe Line 55 Skelly Of1 5%s..... Southwest Bell 5&. Stand Oil N J 55 46. TennElecPow 65 47. United Drug 5s 53 U S Rub 18t rf 58 U S Rub 7%s. U S Steel s f 55. Utah Pow & Lt 58. Vertientes Sug 7s.. Warner West El Westn U tn T tinghouse WinRepeatAr 7 Yngstn S&T 5s wi. 1 104% 9 110 3 102 6.104% 5121 1 86% 2 104% 5 101% 4 105 2 115% 1 95 - 52 101% 100% 5 1074 3 110% 1103 3 101 2 101% .+ 31 103% 102% 12 107% 15 100% 7 80% 1 993 9 93% 7 99% 8 101% 11 1034 10 97% 14 95% 6 94% 5 1041 5 1027 6 106% 7 102 994 22 10129 10029 10129 | 23 1014 9913 9913 9920 9920 55 10428 104 26 10427 51 107 23 107 22 10722 . 250 11225 11224 11225 883 ‘THE EVENING ‘STAR, WASHINGTON, D. O. WEDNESDAY, NOVEMBER 7, 1928 Bales, High. Low. Atchison gen'dh.... 41 941; 94 Atlantic € L el k. . Atlantic C L 1st 4s, B & O Gold 4s. B& Ocv 4%, B & O ref 5s. B & O 55 2000 D. B&O 1sthsct.. B&Orfimpés.... B & O Toledo 4s.. .. Bang & Aroos 45 51, Brdway&7th Av Brooklyn Elec 6% Brooklyn Elev 613s. 15 Bklyn Manhat 6s... 25 Can Nat 414230, Cam Nat 41428 5 Can Nat4¥s 5 Can Nor 41,5 14 Canad North 7s,... Canad Pac deb 4., Can Pac 43 4 Central of G Central Paci| Cent Pac 1 Chesa Corp s w i. 2 9y 3 94% 12 95 20 99 Close 998 11 1011 102% 102% 103 103 110 86% 85% 110 86% 854% 9115 99%, 99% 9% 99% 881 9513 1% 99% 99%, 99% 998, 8814 9 95% 1022 102% 9Tl 9TH 100% 100% 1081 105% 106 115% 116% 110 110 105% 105% 100% 100% 961 96 6% 969 1001 1€ 1083 109 102 102 100% 100% 1042 104 100 100 92 112% 112% 880 88Ty 100!z 100% 1034 103! 923 103% 991 111 12 8K'y 5 100t 1 103% b 93% 7 104 48 99% 106 100% 23 93 5.144 803,177 Chi & NW ref 5s Chi & NW 7 Ch 1004 100% 117 117 B8 88Y 100% 100% 99%5 9TH 9T 10718 107% 90% 983 8 110 110 10415 1045 104 1041 103% 104 90% 90% 100 100 105% 105% 107 107 14 114 106% 10674 99 99 102% 102% 98 Cuba R 1 Del & Hud 1st rf 4 Den & Rio G cn 4; Den&RioG 41,5 36. D & Rio G imp DRG & Wst bi Det United 41;s. B 102% 102 82% 831 106 106 112% 112% 106% 106% % 1125 112% 8815~ 89 98% 98% 931a 934 100% 100% 98 98 107% 107% 72 98 100 96% Gr Trunk stdb 6s. Grand Trunk 7s.... Great North'5s Great Nor gen 75 Hud & Man aj 55 Hud & Man ref 5s.. 15 98% Tll Cent ret 4s. .. 9314 11l Cent 4% s 66 111 Cent Chi 435 111- Int Rap| Int Rapid Tran 6; Int Rap Trans IntRys CAB5s72... Int Ry CA 6lisret. lowa Cent rf 4. Kansas City S 8s Kansas City S 5s. .. Kan City Term 4s. . Lake Shore 4s 2 Lehigh Val cn 4s. .. LehighVal con 4%s Long Isrf4s49.... Long Is deb 58 34.., Louis & Nash 7s... Man Ry 1st 45 90 Market St 7s 40. ... Mil El Ry & L 58 61. 2 1024 M St P&SSMcnds. 10 09% MStP&SSMisisgtd. 17 99% 3 86 8 95% 1104 9% IMK&Tprinss A. 15 102 4 92'%| Mo Pacific gen 4s... 30 78% 106% 106% | Mo Pac 58 F 77 5 99% 85 107% 1075 | NOT&MBYs.... 10 103% 0 M INOTex& MonA. S 108 104 |NOTexaMssB.: 100 97 96'% 92 92 101% 102 100 100% 23 23% 4 24 3418 3% 9% 91% 101% 101% 100% 100% 104% 104% 94 945 94 94 97 97y 100% 100% 102% 102% 102% 1021 103 103 9% 9% 99% 995 104% 10414 91 9. 101% 102% 107% 107% 84% 841y 87% 87% 9915 99% 105% 105% 111% 5% 101 9% 9% 98% 98% 88% 89 99 99% 90 90 98 98 100% 100% 68 684 97% 9Ty 102 102 891 89% 99% 997 864 864 95% 973 104 104 101% 101% 8% 8% 99% 99% 103% 103% 9% 99% 99% 997, 82% 82% 92 92 821 82% 107% 107% 107 107 106% 106% 102%: 102% 76 76 9% 91% 114% 114% 2 100% 5 68% 8 97, 103% 1035 | N Y Cent 4x 98.... 104% 1045 | N Y CentLS cl 3%s 79 New Haven 338 %INYNH & Hé%s, NY NH&H cv db 1045 N Y Rys 68 65 N Y Rys 65 A 65, N Y State Ry 4% NYWé&Biks Nor Pac 3s 2047 % | Northern Pacific 4. 1 92 . 106% | Nor Pac 4145 2047.. 1 100% 107% 107% | Northern Pacr i 6s. 26 114 9% 99% | Ore Short Lirfs 4s.. 6 98% 105% 105% 145% 158 | Pennsylcon 4%s... 10 102% 155% 165% | Pennsyl gen 4145, .. 11 101% 92 93 | Pennsylgensa..... 10 108% 92 g2 |Pennsyl bs 64 101% 131* Pennsyl 638 142 143 | Pennsyl gold 7s. 109% 1095 | Pere Marg 1st 5s. . 101% 102 | Portland E1P L 6s.. 102 102y | Port RL&P 7348 46. i |RIOG Wistds..... 192% | Rio G West ol 45. .« RIArk&L4%s E St L IM&S 45 29. 100X | S1r. 1M gn 53 31 101% | St L IM&S R&G 4s. 6 9414 79 |StL&SFplisA.. 8 90% 106 |StL&SFri%sis. 72 91% 74% | StL & S ¥ prIn bs. 103y, |8t LS W con 42 32 StP Un Dep bs. . {gg% San A & Arn P 4s.. 10314 | Seab A L ref 4s.... Seab A L con 65.... }35'/‘ Sou Pac 45 29. ., camiaas | SO Tace ref i 100 100% | Sou Pac 4%s rots. . 102% | Sou Ry gen 4s. 104% | Sou Ry Con b 98% | Sou Ry 614, 5 103% | Sou Ry Mo & O 4s.. 101 “| Texas & Pacific 1st. 99% | Tex & Pac 58 B 1977 103% | Third Ave ref 4s 60. 957% | Third Ave adj 5s.. . 64 99% | Tol Tr L&P 5%830. 36 100 Union Pac 1st 4s.... 9 95% Union Pac 1strf 4s. 2 92 Union Pac 4125 67.. 17 99 Virginia Ry 1st 5s.. 5 106% VaRy &P58,...... 1100% Whash 4%s 78 rets, 4 93% Wabash 55 76 B, 3 101% 18 103% 1105 16 83 36 100 1 99% 82 100% 101 104" 104 99 ™ 104% 104% byt 100% 100% 113% 114 98% 98% 1021 1021 101% 101% 108% 108% 104 104 110%,110% 10274 103% 1047 104% 101% 102 107 107 92 92 86% 86 9T 97y 99 99 100 b5 86% 9 9% 8 99 2 100% 90% 90% 9% 9% 102% 102% 94 04 108% 9% 91% 108%, - 60 T8% T8% 9% 995 111% 111% 122% 122% 92% 93 4 111% 111% 102% 102% 66% 56 6213 64 99% 9% 95% 95% 9% 91% 98% 99 105% 105% 100% 100% 934 93% 101% 101% 108 108% 98% 103% 101 &l 99 96% 114% 104% 110 101% 104% 121 86% 104% 101 104% i21 82 Western Md 5138 9% 99% Western Pacifie 5s. Wis Cen gn 45 49 100 101% 8% 115Y 95 Crude 0il Output Drops. 10mi| NEW YORK, November 7 (#).—The 1101, | daily average crude ofl production in 103 |the United States decreased 26550 100% | parrels for the week ended November T0me13, totaling 2497150 barrels, says the 10715 | weekly summary of the American 100 | petroleum Institute. The daily average 80% | production east of California was 1,866, 105% 1150 barrels, a decrease of 22,350 82 82 115% 9414 v 1067 110% 103 100% 101% 107 997% 80% M. & M. BUYS STEAMER, 105! 105% | LINE FIGHT LOOMS U. S., England, Germany, Italy and France Involved in Trade War. By the Associated Press. LONDON, November 7.—An Atlantic Ocean - passenger steamship line . war looms between the United States, Eng- land, Germany, Italy and France as a result of big shipping mergers, unless the- companies can “get together,” in the belief of British financial experts. Developments leading toward _the greatest consolidation of world shipping now are proceeding rapidly. Merger of the big North German Lioyd, whose two new luxury liners, Bremen and Europa, are to compete for the Atlantic speed ribbon, and its equally powerful | American, is considered virtually certain in well informed ship- | rival, Hambur; ping circles. Merger Believed Likely. Negotiations long have been under way, with frequent interruptions and disagreements, kut it is believed both now are anxious for a merger, especially since both expect to receive substan- tial compensation from the United States Government for German ships sequestrated during the war. 7 Use of such funds .for competitive purposes, it is pointed out, would make both suffer heavily, while a joint addi- tion to thelr combined resources would 2nable them to become formidable rivals of the big British companies. First steps in the formation of a huge Italian shipping trust recent- ly have been taken through discussion of a working agreement between the Cosulich group, Lloyd Sabaudo group and the Navigazione Generale Italiana. Tentative plans provide for co-opera- tion and pooling of earnings, which would be apportioned among the three lines. In effect, they would operate 106% 1061 | Potomac as one combine in the North Atlantic trade, where the most spectacular fight between shipping companies likely will take place, and later would seek closer merging of their interests. 3 Watching Developments. British, French and American steam- ship companies are watching such de- velopments closely, apparently believ- ing they presage further serious com- petition, with lower passenger rates and increasingly low attractive schemes to augment the volume of tourist trade a oractical certainty. It has been sug- gested, however, that the Atlantic pas- senger (rade already is growing so rapidly, owing to favorable holiday rates offered by the various companies, that it is entirely possible it may be more than sufficient for all countries. Washington Stock Exchange SALES.’ Cap. Tract 55—$1,000 at 102%. oegmmvm Gas 55—$2,500 at 10212, $2,500 at 10275, Pot. Elec. cons. 55—8$1,000 at 101%. Pot. Elec. 6s 1953—$1,000 at 108, $1,000 at 108. Wash. R. & E. genl. 6s—$1,000 at 10212, $1,000 at 102%. Cap. Tract. Co—10 at 106%, 10 at 1061, 25 at 106. Wash. Gas Lt.—10 at 103. Wash. R. & E. pfd.—15 at 100%. Dist. Natl. Bk.—20 at 239. Riggs Natl. Bank warrants—4 wts. at 300, 10-265 at 300, 210-265 at 300, 230-265 at 300. Riggs Natl. Bk.—10 at 550. Natl. Secur. & Inv. Co.—20 at 505, Barber & Ross com.—50 at 22. Natl. M. & Inv, pfd—100 at 6%, 50 at 5%, Peoples Drug Stores pfd.—5 at 120. AFTER CALL. gs' Natl. Bk, warrants—175-265 at 00, 105-265 at 300, 210-265 at 300, 90-265 at_300. Dist. Natl. Bk.—8 at 239, 2 at 239, Merch. Bk. & Tr. Co.—10 at 158, Pot. Elec. 5}2% pfd.—5 at 109. Pot. Elec. 6s 1953—$3,000 at 109, Mergenthaler Linotype—10 at 1003, 10 at 10015, Fed.-Amer. Co. com.—10 at 57. Pot. Elec. 6% pfd.—2 at 113%%, Cap. Tract. Co.—5 at 106. Sanitary Gro. Co. pfd.—39 at 152. Fed.-Amer. Nat. Bk.—10 at 336, 20 at 336, 20 at 3! Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Telga. 4% Amer, Tel. 100% | An 94% 943 | & . & P Tel. of Gap. Traction R City & Suburban 55 Georgetown Gas st lec. 15t 55. cons, 5 c, 6s 1953 & Mt. V. o & Wash. Rwy. & Elec, 4 Wash. Rwy. & Elec. gen. 6s.... MISCELLANEOUS. Barber & Ross, Inc.. 6% Chamberlin-Vanderbilt 6Yas. Chestnut Parms Dairy Chevy Chase Club 55 Bot S0t Srotk rd Bic w-&g, Market Gold Siors Wash. ns. Title 6s.. Wardman Park Hotel 5% STOCKS. PUBLIC UTILITY. Amer. Tel. & Te P Wash, Rwy. & Flec, 0 Wash. Rwy. & Elec. pfd. 99% 997 | Libert: Second . National Bank of Washington. TRUST COMPANY. American Security & Trust Co. Continental Trust.. Merchants' Bank . National Savings & Union “Trus Washington Loan' & Tiist SAVINGS BANK. B.nkfll & é“ A ommerce st Washington Potomac c. & Comnm Seventp Street. .. U. 8. Savings Bank, Washington Mechan! FIRE INSURANCE. Firemen BALTIMORE, November 7 (Special). ~—The Merchants & Miners Transporta- i tion Co. has acquired the steamer 96% 97 |Veramar and will add her to its fleet. 99%: 99% | The Veramar originally was the 9315, 93 | Suwanee, built by the New York Ship- 991 991 | building Co., at Camden, N. J., for the 101%°101% | Merchants & Miners, in d911. 102% 1034 | With the addition of the steamer the 97% 97% | Mefchants & Miners will have a fleet | Co 95 95 |of 20 steamers, 14 of which are for 94% 943 [the passenger business and six for 104% 1041 | freight. They represent 65,122 reg- 102% 102% | istered tonnage. 106% 106% 97% 98 89 89 100% 100% 107% 107% | production is estimated to be at a rate STEEL PRODUCTION. 101% 101% | about 1 per cent below that of a week |, 1 974 974 97% | ago, with average ingot output at slight- 3 106% 7 103% 103% 103% | 87 per cent last week. 105% 105% r cent of capacity, against 5% 105% | ly above 86 pe it Dtetos 1 103% 103% 103% | Steel Corporation production rate i 2°111 111 111 |about 85 per cent, while independent 18 104% 103% 104% | companies are placed at 87 per cent. 3 107 30 101 RAILROAD. . 1. 94% 94% 941 highest amounts ever given in London 8045 89% a dog. & Ala Gt Sou 45 1943, -Atchison adj 4i N 107 - 107 100% 101 o Nearly $5,000 was paid recently by an Amerlclyn‘lor a Scalyham, one of the 89% for NEW YORK, November 7 (#).—Steel | p cur} Columbia_ Title. Bl B hhe. Boc ot hid o o ‘¢ Tov, ! Gomi. Wash. Cony. Titie DLd-r. v . C. Paper Mfg. pfd. Dist.” Natl. Breurities pid. gol, Sand & Gravel pfd r & 3 R W S Wain: Cottv. Hall 514 Wash M:falbl?n filcm i ard & Lothios wido::: 16hn . NEW YORK BANK CLEARINGS. NEW YORK, November 7 (Special). —New York bank clearings, $1,560,000,~ 000; New York bank balances, $193,- 000,000; New York Federal Reserve eredit balances, $167,000,000, 4 4 | Busseldort 4s pre-wi | ~ Baltimere:Markets . | ESpectal Dispatch to The Star. BALTIMORE, Md., November 7.— Potatoes, white, 100 pounds, 90al1.10; reds, 75a90; sweet potatoes, barrel, 1.50a 3.00; ‘bushel, 75a1.00; yams, barrel, 2.00a2.50; bedns, bushel, . 3.00a4.50; beets, 100, 4.00a5.00; broccoli, bushel, 60a75; cabbage, 100, 3.00a6.00; carrots, 100. 4.00a6.00; caulifiower, crate, 1.50a 2.50; celery, crate, 1.00a2.50; kale, bushel, 50a60; lettuce, bushel, 75a1.25 onions, 100 pounds, 2.00a3.75; oyster plants, 100, 6.00a7.00; peppers, basket, 35a40; parsnips, basket, 50a60. Pumpkins, 100, 8.00a20.00; spinach, bushel, 50a75; savoy cabbage, bushel, 90al.15; tomatoes, crate, 2.50a3.00; turnips, basket, 25a40. | Apples, bushel, 75a2.00; cranberries, { box, 3.00a4.00; grapes, basket, 40a50 | grapefruit, bo: box, 3.50a5.50; peat 1.2583.00; kief- fer, pears, bas 3 Hay and Grain Prices. Wheat—No. 2 red Winter, export, no quotations; No. 2 red Winter, garlicky, spot, 1.32'2; November delivery. 1.321;; calr:mes on grade, no sales; bag lots, no sales. Corn—No. 2 domestic, yeliow, 0ld,1.05; cob corn, new, 4.00a4.25. Oats—No. 2 white, 52!2a531%; No. 3, 50a51. Rye—Nearby, 1.10a1.20. Hay—Receipts, 23 tons. New hay is arriving in only limited quantity. It is, :herefore, not being officially graded and sells strictly om its merits, within range of 16.00a18.00 a ton, timothy and clover grades. Straw—No. 1 wheat, 11.00a12.00 ton; No. 2-oat, 12.00a13.00. Dairy Market. . , Poultry, alive—Young turkeys, pound, 45; old, 35a40; Spring chickens, 20a35; Leghorns, 20a27; old hens, 25a30; Leg- horns, 23a24; small and poor, 20; old roosters, 18a2f ducks, 18a20; guinea fowls, pigeons, pair, 30; geese, 20a25. Eggs—Receipts, 1,141 cases; native and nearby selected white, free cases, dozen, 50; firsts, 45; current receipts, 43. Butter—Good to fancy creamery, pound, 46a51; prints, 51a53; blocks, 49a51; ladles, 35a38; store packed, 33; process butter, 42a43. INDUSTRY T0 TAKE UP NORMAL STRIDE Business Men Are Apparently Glad That Election Is Over. 40a85; BY J. C. ROYLE. Special Dispatch to The Star. NEW_YORK, November 7.—Business today was rapidly getting the taste of campaign cigars out of its mouth. In- dustry and commerce were swinging into normal stride, and are likely to gain a swifter gait in the near future than at any similar period in years. Business men were relieved that the uncertainty regarding the election was over. They realized that the factors which have made for unexampled pros- perity and industrial activity were still in existence, and that, indeed, they had not been in real danger no matter which candidate was elected. But these factors were free for the first time in months to exercise their full force. Even the movement of the stock market, whether it be upward or downward in the next few days, will not serve to alter basic conditions. The reason for this is that the “orders are on the books” in sufficient volume to keep plants " and ' distributing forces active far beyond the turn of the year. This is a sharply different situation from that which existed four years ago, when orders had been held up for months pending the election out- come and then were released in a flood. They have not been held back this year, and a marked speeding up, even if it could be depended upon, would find a good many plants unable to_shove output much higher. The railroads and steamship lines on the inland waterways were among the first to speed up today, to keep pace with the flood of grain, ore and coal awaiting transportation. The steel mills went back on a. basis approxi- mating 90 per cent of capacity, which in reality means capacity since some mius always must be “down” for-re- pairs. The automobile industry is not at as high a rate of production as earlier this Fall, but this is due to changes for new models in most cases. Those man- ufacturers who are making no changes —notably the second largest producer— are at nearly top speed. ‘The airplane and accessory manufac- turers are running full day shifts, al- though some of them who have n working night forces have cut off the latter., There are reperts that the largest automobile manufacturing con- cern is about to go into aircraft man- ufacture on a big scale, with airports tegic points. ‘The farmers are rapidly disposing of those portions of their crops which they have not determined either to hold or to use as feed, and with the ready money in their pockets are sending up sales at retail in the agricultural dis- tricts, with their annual buying splurge. The oil industry is rapidly regaining grit lost in the last 18 months and building activity is in evidence in sec- tions where the weather is favorable. NEW YORK PRODUCE MARKET NEW YORK, November T (Special). —Celery was in moderate receipt today and the undertone of the market ruled steady. Offerings in the rough from ‘Western New York'sold at mainly 2.50- 3.00 per two-thirds crate. Pacific Coast celery in large crates brought from 3:50-6.50. Ordinary medium to small yellow onions sold at 3.00-3.75. Middle West- ern onions reached as high as 4.25. Western New York kieffer pears in bushel baskets brought from 1.25-1.75 on No. 1 fruit. ‘Western New York Concorn grapes in 12-quart climax baskets moved at 45« 50 cents. Cold storage Rhode Island greening apples, U. S. grade No. 1, 2% inch, peddled out at 1.75-2.00. Upstate Danish white cabbage in bulk was slow at 30.00-38.00 per ton. ‘Western New York round white po- tatoes in bulk jobbed out at chiefly 2.00 per 180 pounds. Maine Green Mountain stock realized 2.20-2.35. GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, November 7.— Bld. Ger Govt Red Loan with draw ctfs att per 100 R M........ ed “Loan withoit s per. 1,000 R M oted In dollars per mar Hamburg 4'2s R Dt 4 abhiars et thicusang marke) lect 4las prewar... 230025, ec L 36.00 40, ilon marks.) rupp bs 1921 VEaniER 46 Dre-war s HRER Buoted in dollars pe A E G (Ger Ge Elec) .. A% G (Gor Gowiee) Commerz and Privat Bank bistonto " Getlic Berfier Hordles. SEE2B2ECR renllawBt S ‘| nips and apples, mostly stock held over scattered through the country at stra- |9 - | $100 par value, BUSINESS 1S SLOW AT D..MARKET Fruit and Vegetable Supplies Are Plentiful Along Whole- sale Row. Conditions - along - the country line | this morning. suggested the probability {of haulers from nearby Maryland and Virginia remaining at home to talk| over the surprising resuits of yester- day’'s election in their home States. There was not a corporal’s guard on hand this morning with fruits and | vegetables to offer the retail trade, but there were others whose supplies were | great enough to more than supply de- | mands. 4 Dealers had heavy receipts of tur- from Monday, and they also had large supplies of kale, spinach, carrots, beets and other vegetables to offer at prices they termed reasonable to cheap. Toinato Receipts. Tomatoes, ripened under glass, were received from nearby growers, some of them being especially attractive. The best of them found slow sale at $5 a bushel, some not quite so good selling as low as $3.50 and $4. On wholesale row, dealers had their usual attractive supplies of fruits and vegetables from various sections of the country, new crops of honeydews from Turlock County, Calif., attracting much attention. It is helieved by dealers that they represent a second crop. They are not very large, but, accord- ing to dealers, possess a splendid flavor. Dealers quoted them at $3 and $3.50 a crate, California casabas, of all sizes, from 5 to 10 to a crate, also attracted at- tention, but demand for them was not great. They were offered at $1.50 and $1.7 Apples, oranges, pears and ba- nanas werg among other fruits offered. Peas, from the Norfolk, Va., section, found ready sale at $4.50 a bushel bas- ket, and string beans from South Caro- lina, also in good condition and at- tractive, were quoted at $4 and $5. Business was reported draggy, prices quoted being about the same as yes- terday's prices. Today’s Wholesale Market. ‘Butter—One-pound prints, 51a52; tub, 50a51; store packed, 30a32. Eggs—Fresh, selected, 45a48; hen- nery, 53a55; current receipts, 45; stor- age, 33. Poultry, alive—Turkeys, 35a40; Spring chickens, 30} Leghorns, 27a28; fowls, 27a28; Leghorns, 22a23; roosters, 19a20; keats, young, 60280; old, 30. Dressed— ‘Turkeys, 40a45; Spring chickens, 38a 40; Leghorns, 27a28; capons, large, 42a 45; small, 30a35; ducks, 28a30; keats, young, 80a1.00. Meats, fresh killed—Beef, 18a27; veal, 22a27; lamb, 20a25; pork loins, 26a27; fresh lambs, 22a23; fresh shoulders, 18a20; smoked hams, 25a27; smoked shoulders, 21a22; bacon, 22; lard, l4a14%, Live stock—Calves, 15a16; lambs, 13. Fruit and Vegetable Review. The daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies liberal; demand light, market steady; boxes, Washington me- dium to large size, extra fancy Jona- thans, 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, Maryiand, Virginia and Pennsylvania, U. S. No. 1, 2!5 inches up, Grimes, 1.25a1.50; 2% inches up, 1.50a1.60; Pennsylvania, U. S. No. 1, 2% inches up, Romes, Staymans, Black Twigs, McAfees, 1.50; U. S. No. 2, 2% inches up, 1.25. Cabbage—Supplies moderate; demand {ight, market steady; New . York, 90-| 100-pound sacks, Danish type, 1.75a 2.00; few higher. Celery—Supplies moderate; demand light, market dull; New York, 2-3 crates, 2.50a3.00; mostly 2.75; Califor- nia, crates, 5.005.50; few high as 6.00. Lettuce—Supplies moderate; demand moderate, mraket steady; ' Western stock, California, crates, Iceberg type, 4.00a5.00 doz; best, 4.75a5.00; fair qual- ity, 4.2524.50. yOmons—-Supplles light; demand light, market dull; Michigan, Ohio and New York, 100-pound sacks, Yellows, U. S. No. 1, 4.00a4.25; mostly 4.00; fair qual- ty, 3.75. : yPotatoes—Supplles moderate; demand moderate, market steady; Pennsylva- nia, 150-potnd sacks, Round Whites, U. 8. No. 1, 1.85a2.00; few higher; New York, 150-pound sacks, Round ‘Whites, U. S. No. 1, 1.90a2.10; mostly 2.00; Michigan, 150-pound sacks, Russet Ru- rals, U. S. No. 1, 2.00a2.25. ‘Sweet potatoes—Supplies moderate: demand light, market steady; East Shore Virginia, cloth-top barrels, yel- Jows, No. 1, 2.65a2.75; East Shore Mary- land, bushel hampers, yellows, No. 1, 1.25. “"'Cucumbers—Supplies very light; de- mand light, market steady; Florida, 7 _bushel hampers, choice, 4.00. uote. String beans—Supplies light; demand | light, market steady; Norfolk sections Virginia, 5-peck hampers, freen srting- less, best, 5.50; few poorer, lower; South Carolina, bushel hampers, green, string- Jess, 4.50. Eggplant—Supplies very light; sales reported. Peppers—Trucked-in stock supplying ‘market; no Florida stock on market. Cauliflower—Supplies moderate; de- mand moderate, market steady; New | York, Long Island crates, 250a2.75 Carrots—Supplies light; demand light, market steady; California, Western let- tuce. crates, bunched, 3.25. ‘Tomatoes—Supplies light; demand moderate, market steady; California, lugs, ripes, wrapped, 3.50a3.75; most- 1y 3.75. no CHICAGO DAIRY MARKET. CHICAGO, November 7 (#).—But- ter—Higher; receipts, 16,242 tubs; creamery extras, 48; standards, 47; extra firsts, 46a47; firsts, 43!ca45% Eggs—Higher; receipts, 6,472 cases; extra firsts, 42; firsts, 37a41; ordinary firsts, 28a31; refrigerator extras, 3112; refrigerator firsts, 30, Poultry—Alive, weaker; receipts, 11 cars; fowls, 23a25; Springs, 25':a26': roosters, 20; turkeys, 30a35; ducks, 17 a23; geese, 22. STOCK INCREASE PLANNED. NEW YORK, November 7 (#).—Stock- | holders of the National Sugar Refining attend a special meeting November 20| to vote on recommendations of direc- tors for increasing authorized and out- standing capital stock to 600,000 shares of no par value from 150,000 shares of In a letter to stockholders, it was ex- plained, the directors voted this action October 31 and had provided for ar exchange of stock on the basis of four shares of new stock for each share of old stock held. POTATO MARKET DULL. CHICAGO, November 7 (#) (United States Department of Agriculture).— Potatoes—Receipts, 161 cars; on track, 470; total U. 8. shipments, 718 cars; trading slow, market dull; Wisconsin, sacked round whites, 70a90; Minnesota, North Dakota sacked round whites, 70 a85; sacked Red River Ohios, 90; South passaos—a N ¥ Austrian A E G (Ge $33333333883838 8338833333 Babal: Rudolph Karstadt. ‘Teleph booths are bel insireets n Treland Squash—Too few sales reported to | FINANC IAL. . 15 ELECTRIFIED RAILROAD -FOLLOWS TRADE. TREND By the Associated Press. NEW YORK, November 7.—Speed | and vegetables, mixed with a little eco- nomics, have enabled electric power to win a $100,000,000 victory over steam. Announcement of the Pennsylvania Railroad that its lines between New York and Wilmington, Del., would be electrified and that eventually it may abandon steam entirely in favor of elec~ tricity, disclosed the decision of the road's engineers that only in this way would it be possible to meet the grow- ing demand for added speed and capac- ity not only in conveying passengers, but in rushing to market the fruits and vegetables of the South and West. The $100,000,000 project, which will take seven years to complete, will, it is believed, assure greater economy of op- | eration, especially in dense traffic terri- tories; ‘meet future as well as present demands for expansion of freight and passenger capacity: simplify terminal | construction at Philadelphia and Néw- ark, N. J,, and accelerate service gen- erally. Passenger business, not only in the confmuting service, but on long runs, has grown enormously, it was said, while a change in the public appetite to fruits and vegetables from the former heavy meat diet, has created a demand for fast shipment of fqod products to market and table. It is estimated that freight capacity will be increased 100 | per cent and speed 20 to 30 per cent, While double-heading, and most, 1f nof all, second sections of passenger trains will ‘be eliminated. © o S it HARDWARE TRADE GAINS. | Volume Slightly Exceeds That of Same Period Last Year. NEW YORK, November 7 (Spc cial) ——An improvement that is not | entirely attributable to holiday demanc | is noted in the general hardware situa- tion this week, Hardware Age will say tomorrow in its genmeral market sum- {mary.- While dealers are buying in preparation for the Christmas rush, | staples are also in good demand by the | consumer, and in most market centers |the volume is at present running ‘Rl!ghuy ahead of this period last year. Seasonable merchandise has been stimulated by the snappier tempera- tures of the advancing season. ‘The outlook for Christmas trade this {year is most encouraging, and it is | noted that there are many more hard- | ware stores giving attention to toys and other gift merchandise this year |than in the past. Good crops in the farming sections and generally satis- factory conditions elsewhere point to a profitable holiday - business for the | hardware trade. Prices show very few- important, changes and prices are steady. _ Collections are somewhat backward in most instances. but improvement is looked for with the pick-up in sales. Buys Water Company. NEW YORK, November 7 (#).—W. B. Foshay Co. of Minneapolis has pur- chased the Russion River Water Co. of Sonoma County, Calif., which serves 20 communities in the Russion River Valley, 75 miles north of San Fran- cisco. e T Equitable Co-Operative Building Ass'n JOHN JOY _EDSON, President Organized 1879 Assets $5,449,244.49 WALTER 8. PRATT, Jr., 48th YEAR COMPLETED Surplus & Profits......$1,578,070.05 Subscription for the 95th Issue of Stock Being Received Save Systematically in the Equitable Your ings will ac- cumulate more rapidly if deposited in the Equi- table’s systematic plan of savings. 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FOR SAFETY Co. of New Jersey have been asked tc | | of ime and Money How rapidly money grews when invested regularly under a systematic plan of investment is clearly imdi- eated here. Investors Symdi- cate will unconditionally guar- antee to you, a cash payment of $10,000 on monthly investments of $63 for 120 menths. You eam use this plan to advantage whether your earnings are large or small. Un- der the same terms, you can obtain a guarantee of $1,500 on monthly investments of only $9.45. Set a god! for yourself today and start on the road to financial indepen- dence—NOW. Investors Syndicate offers you—the guarenteed way. Meil coupon for booklet NT-6, also ask for our financial showing our resources of over $22,000,000. INVESTORS Dakota, sacked early Ohios, ;'l?ms; Idaho sacked Russets, 1.55a1.75; miostly around 1.65. . Because English drivers are develop- ing their “road sense” the number of automobile accldents in their country s decreasing. SYNDICATE ed 1894 ‘Washington Telephone Franklin 1879