Evening Star Newspaper, November 8, 1928, Page 15

FINANCIAL. FINANCI CURB SHARES GAIN THE EVENING STAR, WASHINGTON, CONVERTIBLE BOND | D. C., THURSDAY, NOVEMBER 8, 1928.° @:BONDS STOCK EX mcr.l YORK Received by Private Wire Direct to The Star Office UNITED STATES. i RAILROAD. i Oy ‘Glese: | Atohlson gen'ta, < 110 .96% NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is a list of stocks and 1 Rich © Oal pf ww bonds traded in on the New York Curb Low. . ; yan Con metals IN UPWARD SWING Buying. ‘Market Continues. 0ils, Utilitias and ‘Motors "'in Advance. BY WILLIAM F. HEFFERNAN, Special Dispatch 1o The Near: NEW YORK, November .8.—Appar- ently unlimited buying power with speculative enthusiasm keyed to a high pitch resulted in another session of pronounced activity and strength on the curb exchange today. Prices were bid up sharply with dn uttér’ disregard to ylelds and current' dividend' rates. | Many of the favorites went- to their highest prices on record -with. previous buyers showing little or no dispostion to take down profits already accrued. Olls, utilities, motors, mining issues and a host of specialty favorites shared in the upturn. In the case of the first named group the demand was influenced by the steady change for the better in the industry, prospects of favorable dividend action by companies credited with large cash surpluses and the out- look for increased earnings in the com- ing months. Standard of Kentucky, Ohio and Vacuum went forwsrd into new high ground while Cities Service common, Ryan Consolidated and Barns- dall warrants reached their best among the independents. Power companies and shares of stocks representing holding companies were favorites among the utilities. Electrification programs of the various rallroads through which these organizations stand to benefit materially provided an incentive for operations for the rise while at the same time many were inclined to attribute their strength to the political developments. American Superpower issues responded to the favorable dividend action taken by directors, American Light & Traction moved upward several points, while m)r‘:henstem Power at 43 reached a new igh. Stutz Motor. Henney Motor and Mar- mon came in for attention in their group, with the first named two at fresh highs for the year. Their strength was part of the general upward move- ment in motor shares on the Stock Ex- change. Attention was attracted to the mar- ket for both Anchor Cap and Anchor Post Fence. The former went to a new high for the year, while the latter was in demand around 37. Although there was apparently no connection between the two stocks the latter was influenced by the rumors that it was soon to go on a regular annual $3 dividend basis with the. possibility of an extra being declared in stock. Earnings for 1928 :vhere estimated at the rate of $6 a are. New high records were too numerous for. explanation, but they included a rise of more than 9 points in Neisner Brothers, a further upturn in Rainbow Luminous, which has been among the favorites recently, a gain of 5 points in the new Safeway Stores, a several point rise in the comparatively new Keystone :{‘l;flll:]n and a like gain in Newmont PEOPLES DRUG SALES UP. October and Ten-Month Returns Show Large Increases. Sales of Peoples Drug Stores, Inc., Teported today, totaled $974,626 in Oc- tober, compared with $731,436 in the same month last year, a gain of $243,190, or 33 per cent. (Lt . Sales for the past 10 months reached $8,991,031, in comparidon with $6,499,576 in the first 10 months of 1927, a gain this year of $2,491,455, or 38.3 per cent. Washinaon Stock Exchange SALES. Washington Gas 6s B—8$1,000 at 107, Chestnut, Farms Dairy pfd.—10 at 10914 Washington Gas. Light—4 at 103%, Riggs Natlonal Bank warrants—1 at 305, 1 at 305, 1 at 305, 175265 at 305, 264-265 at 305, 185-265 at 305, 210-265 at 305, 10-265 at 305, 85-265 at 305, 85-265 at 305, 35-265 at 305, Riggs National Bank—11 at 560, American Security & Trust—S at 456, 5 al 3 National Mtge. & Inv. pfd.—300 at 51, 100 at 575 s 2 " AFTER CALL. Potomac Elsctric 6% pfd.—5 at 113%,. Chapin-Sacks 8% pfd.—19 at 107. Bid and Asked Prices. BONDS. PUBLIC UTILITIES. American Tel Amer. Tel, & L. Ver, ‘ctfs. Balto,_& Annso. 5s on Gas Ss.. . Gas 68, geries A . Gas Bs. series B ! Ry. oG . RWwy. & Elec. gen. 63...] MISCELLANEOUS. ut Farms ry Cheyy Chase Club $14s. ., Paper 8. 6s... . Pot, Joint Stock Land Bank 5s. 1 {"/'fl . gckt. cfll{fl Bct:l’l‘{Q 5s.. i Wardman Park Hotel 5as. STOCKS. i PUBLIC UTILITY. American Tel. & Tel 4 Capital Traction Co... Washington * Ga: Norfolk & Waghil Potamac Electric 6% pfd. Potomac Elec. $12% pfd. Wash. Rwy. & Elec. ‘com. Wash! Rwy. & Elec. pfd.. NATIONAL BANK. National Capital Columbia . National Riges ... : Riggs warrants. cond .. Natlonal Bai American Security Continenta e Nt Union Trust. . ., Washington Loan & T SAVINGS BANK. Bank of Bethesds. Commg vings. st W ashington American Corcoran ... Firemen s Ss National Union..... " TITLE INSU Columbia Title, " . Real Estate Tille. Title & Inv. Co.of Md. com.. Wash. Cons. Title pfd......... MISCELLANEOUS. Barber & Ross, Tnc.. com. Ghevy Chage Datry’ ofd. Ghestnut Farma Dairy & estput Parms Dairy pfd...... o B B R Coml' Nat’] Bank pfd . C. Paper Mfg. pfd... .. ... Dist. Natl. Sccurities pfd. ... jeral Storage ofd. ... eraj-American Co. com eral-American pfd Lanston Monotype Merch. Transfer & Storage.. Merch. T{r. & Stze. pfd Mergenthaler Linotype Natl Mice & Inv. pf F s 3 . Hall pfd. Wash Medica) Bidx. Cave M | 5 Woadward & Lothiop Sie- Market today: Sales INDUSTRIALS. figh. Low. Noon. . .";2 23 22 22200 g gy gn 8 - e o abSes et i e o b eing Airpidne wi rillo My rist Myers rit-Celanese iy City 18 Bur N1 14 Bur 28 Can Marconi W . 1 Caterpil Tract 1Cons Auto Mer pfd 2 Consol Dairy .. 5 Copel Prod 1 Courtaulds % Curtis Pub or & 2 Doehler Die C C 2 Dubiller C & R 7 Durant Motor vans Well Lead 1 Fairchild Aviatn A.. § Fansteel Prod WS W s PR S 288, S 2:.’;’_’23‘.2'“ 213 Nelsner Br-pid 3 Neve 5 Drug s Bej 1 Noma Elec . 181 North Eastern bow 60 Paramount Cab . Mis 1 Parke Devis Co . 1Penn G & El 3Penn Ohio Ed . 7Beop Drug Store ' y Wiggly 11l 4 3 Pitney Bowes B M.. 1Prott & Lamb C . 10 Prop Silk Hos Mil SPub S P & L . 22 Rainbow ~ Luminous 7 tos Roval Bak Pow uberoid e ‘i SI}:-T Stat Sewny % é;’“& Ot 8 few Strs wa 10V 20 8% Keais Pager T 8802 ulte o 3 hulte Unite Tl 08 46 0 o Fowan oo Ewe BESS. 532 FEET tores n'. . 164 160 Biork B i 184, IR el 0V wi 27% : 89" B 1074 18, 211, 20 SUNi Milk...... 12 Uni Plece Dye Wks 4 Uni_ Shoe M G 5! oo T s B o, ggsgaaqcu & Wendon Cop .. les ‘hundreds, f) 1% INDEPENDENT OIL STOCKS. 28 FE BEns e sas FRFSSSES, Lo avrubEeatt d8u 8055 So! $7% | ushel, 50a60; lettuce, bush 432 | onlons, 100 S S8R 2 e & St FESESE Yo S IE RS S iah S les in _ STANDARD 188 its. FORMER SUBSIDIAR! TOCKS. 18% 18% 18% 197 18% 19 un} 2s So0REREEE e s i g 20001 999, 28 Fdag TRADING 1S ACTIVE Andes Copper 7s Registers Gain—Anaconda Issue Is Forced Down. BY CHARLES G. SPEARE. Special Dispatch to The Star. NEW YORK, November 8 —The most interesting incidents in today's bond market were the further rise of 4 points in Andes Copper convertible 7s and the immediate sale and listing of the $50,000,000 issue of Penns&vlnh Co. 4% per cent secured gold bonds. . The Andes convertibles followed ‘,‘E yesterday’s rise of over 10 points wi an opening gain of 3 points and a sub- sequent advance of 1'4 points, which carried them above 170. The stock into which they are convertible was an active feature in the speculatve market, Selling at the highest price since it was offered last month. In contrast with this movement was the decline of 3% points in Anaconda Copper convertibl 7s, which had risen yesterday from 14 to 158. This was due to profit-taking in Anaconda stock, which automatically affected the price of the bonds. There were two significant elements in the Pennsylvania financing. One was the size of the issue, which indicated that bankers are no loj timid about nger 3, | bringing out large blocks of h-grade securities, and the other the price of 99, at_which the bonds were offered. This was considered to be somewhat under the market for bonds of this character and rate. That this was the interpretation of the street was indi- cated in the avidity with which the bonds were absorbed. They sold at a small premium after being listed. They had the effect of dépressing quotations of some of the 4!, per cent issues that have been selling in the neighborhood of 99, notably Union Pacific 4lzs. ‘There was also evidence of some switch- ing out of old bonds into the new Pennsylvania 4%s for the higher return T 5552 eoeseStooe 838! F and for the anticipated appreciation. Other issues advertised today brought the total up to above $65,000,000. Again the ofl group was strong. The important members of it showing Jlln! of 1!, to 2%, points were Barnsdall 6s, Simms 6s and White Eagle 5158, In- ternational Paper 6s was heavy under 99. There was a fair sized turnover in Dodge 6s at 103}3, a raise of % in Hud- son Coal 5s, a point advance in Denver 58 of 1955 and fractional gains in New Haven, Frisco, Wabash and Rock Island wi. 1Narrag Co 55 A 1002 1 8 Nathan Strauss 6s wi 124%, 12 P&L6s A 106 1 106 159% F13Y e 94T 105% 102% 108 100 98, [ 10! 1% 101% 102 102's 92 92% 4 96% SatsonenamasnsSwosumanmnom.mSSo £ scada i 911 9715 e 105341053 4 1091000 00t ' 100% £33 g5 .. T B 99V 9914 102% 10242 110 110 cag S5 5 A 10: 943 95 114% 118 102% 103%% Y 89% 5 K H w 5ias A 1 127 Western g A 6 Wheel Stl 4% Ve 98% Yy 99 gz&i 102% 102% 90 96% !: . i E‘gv. 8915 2Berlin C nos “Alres Tias & Buenos "Atres s : ik % ba 101% 108% 36% 4lps. Foreign issues were quiet and steady. In the afternocon the public utilities became strong not only on the exchange but in the unlisted market at the highest since last Spring. WHEAT IS LOWER ON INITIAL SALES Chicago Market Reacts on Reports of Drop in Liverpool Prices. By the Assoclated Press. CHICAGO, November 8.—Sympathiz- ing with more of a down turn in Liver- pool quotations mnndeépected.l valufit averaged lower today during early deal- ings here. Declines were assoclated with favorable crop prospects for new Southern Hemisphere wheat and to con- tinued large offerings of old crop wheat from Argentina. Opening % to % off, Chicago wheat later held near. to initial figures. Corn and oats were relatively firm, corn starting at ¥ to %% sethack, but afterward scoring gains. Provisions inclined downward. With Argentina reported today as of~ fering old wheat for November ship- ment at a discount under the new crop, Indicating that old crop supplies in Ar- gentina are still abundant, wheat trad- ers here were also confronted with reports of auspicious weather for the Argentine wheat harvest. Spread- ing operations here, in which wheat was sold and corn bought, tended likewise 1% | to depress wheat values. i lz%‘lll: <act'flll $ias t(fl n 15, 76 Russ Gov 8%as cfs n 14% n—New ww—With warrants. Special Dispatch to The Star. BALTIMORE, lg.. chde;mb:é“ll.; , white, 100 pounds, ,10; o weet poou;wes. barrel, 1.50 bag 100, 4.00a6.00; 21225; oelery, crate, pounds, 2.00a3. lants, 100, 6.00a7.00; pepper: 5a40; parsnips, basket, 50a60. Pumpkins, 100, 8.00a20.00; spinach, bushel, 50a75; savoy cabbage, b\uhel., 3 | 90a1.10; lomatoss, crate, 2.5023.00; turnips, basket, 3 Apg.ua, bushel, 75a2.00; cranberries, box, 3.00a4.00; grapes, basket, 40a50; grapefruit, box, 2.50a4.00; oranges, box, 3.50a5.50; pears, bushel, 1.25a3.00. Dairy Market. 5 Poultry, alive—Young turkeys, pound, 45; ola.n.:muo: Spring chickens, 20a35; leghorns, 20a27; old hens, 25a30; leg- horns, 23a24; small and poor, 20; old roosters, 18a20; ducks, 22a25; small, 18a20; guinea fowls, each, 40a85; pigeons, pair, 30; geese, 20a25. Eggs—Receipts, 1403 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, 69. a51; ladles, 35a38; store packed, 33; process butter, 42a43. Hay and Grain Prices, heat—No. 2 red Winter, export, no llm;w'.ltlon!; No. 2 red Winter, garlicky, spot, 1.33%,; October delivery, 1.33%; November delivery, 1.34%; es ‘on grade, no sales; bag lots, no rales. 2|" Corn—No. 2, domestic, 1.05: cob corn, x .25. ‘lg:‘h—flo. 2 white, 52'2a53; No. 3, 5 0a51. Rye—Nearby, 1.10a1.20. Hay—Receipts, none; New hay is ar- riving io only limited quantity. It is, therefore, not being officially graded and sells strictly on its merits, within renge of 16.00a18.00 a ton, timothy and clover grades, Straw—No. 1 wheat, 11.00a12.00 ton; No. 2 oat, 12.00a13.00. POTATO MARKET STEADY. CHICAGO, November 8 () (United States Department of Agriculture).— Potatoes—Receipts, 137 cars; on track, 487 cars; total United States ship- ments, 638 cars; trading slow, market steady; Wisconsin sacked round whites, sota and North Dakota whites, 75a85; sacked Red River Ohio’s, mostly 90; South Dakota sacked early Ohios, 80a85; Idaho sacked russets, 1.53a1.75; few fancy, 1.80. ‘Third-class rallway sleeping cars have just been introduced into Ireland. Notable falling-off in the volume of corn receipts helped at times today to give firmness to the corn market. Ar- \rivals of corn in Chieago today amount- ed to but 164 cars, against 348 cars a week ago. Kansas City, St. Louls and Omaha receipts were also meager. Furthermore, advices were at hand that United States corn is underselling Ar- gentine corn in Europe by as much as 9 cents a bushel. COTTON IS STEADY IN EARLY DEALINGS Market Registers Advance of Five Points to Decline of One. BY the Assoclated Press. NEW YORK, November 8.—The cot- ton market opened steady at an advance of 5 points to a decline of 1 point. There was some buying on stes Liverpool cables and reports of further rains in the belt, but 1t was supplied by South- ern selling and liquidation. Trading was fairly active preceding ‘the Govern- ment report, with much of it attributed to further evening-up of outstanding accounts, and with orders well enough divided to cause rather narrow and ir- regular fluctuations. After selling off to 18.80 December rallled to 18.84, while March worked up from 18.70 to 18.75, but the improvement was . not maintained and the market. was within a point or two of the lowest at the end of the first half hour. . The market was quite active toward the middle of the morning, with prices advancing on covering and trade b and with the active months showing net gains of about 18 to 20 points “before business was suspended to receive the Government report. The latter, placing the indicated yleld at 14,133,000 bales and the ginnings prior to November 1 at 10,160,997 bales, was not far out: of line with expectations, but if anything was a shade lower than looked for, and when business was resumed December sold up to 18.27 and May to 18.92, or 25 to 44 points net higher. This advance was checked by izing, and the vol- ume of business tapered off somewhat with the market holding about steady at reactions of 3 or 4 points from the best around midday. Packard Extra Dividend DETROIT, November 8 (#).—The board of directors of the Packard Motor Co. today declared an extra cash divi- dend of 5 per cent. The dividend wil be payable December 31, 1928, to stock=- holders of record December 12, out of earnings of the current quarter. At a meeting of the stockholders here today all members of the board of directors were re-elected. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) ndon, pout AR rne : hade higher; Minne- | Bru: 75a90; few fancy si hl.l. ked Tound | pert Zurich, ' fran ric i thens, drachi a,’ schilling judapest, pengo. ragus, crown (noj arsaw, zloty. ... Copenhagen, crown Oslo, crown. . Stockholm, crowa. Nominal gold checks n"n‘?.‘e“@:"‘m.‘"“?.'« | El Salvador 8s'48. . | with prices in a number of instances | Lib3%s.... 517999 996 997 5 100 31 10029 10031 20 1013 1011 1011 47 9916 9914 9914 15 9922 9920 9920 50 10424 10424 10424 1 10718 10718 10718 FOREIGN. Saies. High. Low. Close. s 47, He. ... 81944, Argentine 5s Argentine 6 476 3 9a% 16 99% 22 94% 18 99 Atl & Dan 1st 4s 43. Atlantic C L 1st 4s. AtlantlcC L 4% 64 Brdway&7th A . Brooklyn Elec 6%s. Brooklyn Elev.$ 1 99% | Bklyn Manhat Belgium 7s 1955. Belgium 7s 1956. Belgium 7%s Belgium 8s. Bolivia 8s. ‘Bordeaux 6s. Brazil 614s 1926, Brazil 6%s 1927. Brazil 8s. . Bremen State 7s. Canada 58 1931 Canada 5s 1952 Czecho 85 1952. .. .. Danish Munic 8s B. Denmark 6s. .. DEI6%s Nov &3 Dutch East I 68 47. . Dutch East I 6s 62. 110% 110% 104% 106 108% 103% 104% - 104% 104 104 110 110 91 91 100 100 105%° 105% 107 107% 114 114 106% 106% 99% 99% 100% 100% 96'%. 96% 9% 97 9% 96% 92% 9214 101% 102 100% 100% 100% 100% 24% . 24% 26 26 91% 91% 100%- 100% 104% 104% 94% 94% 102% 102% 97 97 101 101% 102% 102% 102% 102% 102%° 102% 97% . 98% 99% 99% 104% 104% 91 91 102 102% Finland 5%s. Finland 7s. Eramerican 7 % French 7s French 7%s German 7s. Haitl 6s. . Holland-Amer 6= Japanese Japanese § Lyon 6s Marseille 6s. Mexico 4s 04 Mexico 4s Milan 61 Netherlands . Netherlands 6s 72. . New So Wales b7s. . Nord 6%s. . Norway 58 1963 Norway 5%s. Norway 68 1943 o BRVAB DD I D WO O 1000 B Orient Dev deb 6s Paris-Ly-Med 6 Paris-Ly-Med 7s. Peru 6567 w § PeruTs. . PeruTiis Poland 65 40....", Poland 7s (rets) . Poland 8s. ... Queensland 7s. Rhinelbe Un 7 N 110% 111% 104 104 91 91 94 4% 95% 96 92% 92% 116% 116% 106% 106% 107% 107% 107% 99% 99% 99% 104% 104% 104% 98% 981 98% 92 92 99 99% 104 104 110% 109% 109% 90%° 90 90 118% 118% 118% 1047 104% - 9T 9T 108 108 954 95% MISCELLANEOUS. Ajax Rubber 8s. ... 106% 108% 108% Ah Smit & R 1st.5s. 0% % Am Sugar Ref 6s. .. San Paulo City 8s Sao Paulo 88 1936 Sao Paulo 1950. Saxon (PW) 7s. Seine 78 42. Serbs Crot Slo 8s. ., Shinyetsu 6148 52. . Solssons 6s. Swiss 538 1946. ... Swiss Conted 8s. ... Tokio 5% s 1961 Utd Kingm 5%s 2 Utd Kingm 5353 Utd SteamCopen Uruguay 8s ok 9914 104% 104% 104% 106% 106% 106% 108% 107% 108 9% 99% 99% 88 88 88 105% 105% 105% 158 163% 164% 1681 169 Am Tel-& Tel 5% Am Water Wks Am Writ Paper 6s. . Anaconda 1st s, Anaconda ¢v db 7s. 769 Andes Copper 7s. .. 791 Armour&Co4%s 39, 13 Armour Del 5%s. .. 17 Barnsdall 6s 1940 146% 144! Bell Tel Pa 5s B. 10 106% 106% 108% 110% 109% 110% 101 (101 101 102% 102% 102% 102% 102% 102% 104% 1045 104% 104% 104% 104% Beth Steel 5% 5 Bethlehém Steel 6 Bklyn Edison bs. Bklyn Union 5%s 315 315 315 Certain-Tdb¥%srcts. 89 - 90 Chile Copper §s 96% 96% Colon OIl 6s '38 106% 104% 105% eb 101% 101% 101% ConCoal Md 1st5s. 4 79 781 78% NY 106% '106% 106% 72 72 72 T4% T4 T4% 103% 103% 108% 108% 108% 108% 103% 108% 108% 100% 100% 90 90 110% 110% 110% 108% 108% 108% 102% 102% 1023 108 * 107% 108 93% 93% 93y 1003 100% 100% 101% 101% 101% 104% 104% 104 104 102% 101% 99% 99 & Detroit Edison 6s. . Dod, 8. 000ues Duquesne 4%s 67 East Cuba Sug 7% Fisk Rubber §s. Gen Asphalt 65 36 (5 - ooy reRRes o e Humble 0il 5s. Humble O & R’ Illinois Bell 1st Indiana Steel 55 Intl Cement 6s 48. . Intl Match 5s 47 M 2 96 8s, .. Int Tel&Teleg 4%s. 95 Kayser J & Co 5%s. 15 Kelly-Spring 8s b 4 Laclede G 5%5652.. 10 104% 104% Ligget&Myersbsol. 102% 101% Leriliard 6s. . 10 8 Lorillard (P) 7= 105 ManatiSug st 7 100% 100 101% 101% 88 8714 108% 108% 105% 105% 115% 116% 107 " 107 101% 101% 107 106% 110% 110% 101 © 100% 102% 102% 108% 108% 103% ‘108% 105% 108% 107% '107 105% 105% [Pac T & T 1st 5 Pac T& T 6s52 5 Pan-Amer Pete 6s.. 11 58 b ple 8 Gi 51 Phila Co 55 67 wi.. 27 100 ' 99% 100 Phila&ReadC&I 6s. 17 Philips Petro 5%s.. 10 Plerce-Arrow 8. 2 Por Ric Am Tab 6: 5 98% 98% 98% Postal Tel & C5%s, 62 96% 96% 96% Pressd Steel Car 65 87 99 98 Public Service 4%5.239 154 Punta Alegre7s.... 1 96% 96% 965 RemingtonAr 6s32. 1 99 990 99 Rem Rnd 6%swar. 2 93% 934 938y Sinclair Oil 12 99% 99% 99y Sinclair Ol 6% 14 101% 101% 101% Sinclair Ol 7s. 26 108% 103 108 Sinclair Crude 5%s. 5 Sin Pipe Line 5 6 Skelly O11 5% South Bell Tel 5 United Drug 58 §3.." 24 USRup1strese... 10 Rub 7% .14 108% 107% 108% 10 101% 101% 101% West Elec 5s. 1 103%108% 103% Westn Union 24 104% 103% 108% Westn Union 4 111 110% 110 Waestinghou 6 104% 10434 104% Wilson & Co L6 101% 101% 101% Yagstn S&T 58 wi. 131 101% 101 1014 — Buft R & Pitt 4 Can Nat 4348 30.... Can Nat 438 54.... Can Nat 4%s57.... Canad Pac deb 4s. . Car Clinch&O 68 52. Central of Ga 5%s. Central of Ga 6s. .. Central Pacific 4s. . Cent Pac 1st 58 90. . Chesa Corp 58 wi. . Chi B&Q gen 4s 53. CB&Q4%sT7B.. Chi&E 111 gn 58 51. . Chi Gt West 48 59. . CM&SLP ret 4% 889, ChiM{ISP&Pac5s75. 42 CMSP&Pacadjss08 252 Chi& NW gen 4s... 10 Chi NW 4%s 2037.. 21 CRERysba: .. 500 8 ChiRI&Pgnds... § ChiRI&Prtds... 37 CRIPac4%swi.. 33 ChiTH&SE bs Chi Un Sta 4%s. ... Chi Union Sta 63s. CCC&StLrfesA. Clev Term 58 . Clev Term 5%s. ... C&S1stds29..... Cuba R R bs. . Cuba RR 7%s..... Cuba Nor 535 cts. Den & Rio G cn 4s. Den&RIoG 4% 36. D& Rio G imp 5s. .. DRG & Wst 58’18 3 Erie 1st cons 4s. Erie conv 4s A Erfecvt 58 67 w i Erie & Jersey 6s. .. Erie (Pa) clt tr 4s. . Fla East C5s 74, Gr Trunk stdb 6s Grand Trunk 7 Gt Nor 4%5 76 D. Grt Northn 4% s Great Nor gen 7s. . Brn wemonNERNG » CRO I B Hud & Man ref 5: Il Cent 4%s 66. ... 1IH Central rf 55 55. Il Cent Chi 4%s... I11-C-C-StL&NO 5s. Int Rapid Tran 5s. . Int Rap Tr 5s stpd. . Int Rapid Tran 6s. . Int Rap Trans 7s. .. Int & G Nor 1st 6s. . Int&GtNor adj 68 52 Int Ry C Am 6s 41.. Int Ry C A 6%4sret. Kan City Ft 8 4s. . Kansas City S bs. .. Kan City Term 4s. . Lake Shore 4s 31 Lehigh Val cn 4s Long 1s deb b= 34.. Louls & Nash 7 Man Ry 1st 45 90. .. Market St 7s 40. .. 5. Mo Mob&0 4% 77 cts. NassauEl4s51.... NOTex&MisB. . NOT&M5%s.... N Y Cent 4s 98 : NYCrfim4ks... NYCentrfobs.... N Y Centdeb6s.... NYC&StL6sA.. New Haven 3%s 54. New Haven 3%s 56. NY NH&H db 4s 57. NYNH&H44s.. N Y State Ry 4%s. . NYStateRy 6%s 62. Nor Pac 3s 2047.... Northern Pacific 4s. Nor Pac 41:s 2047.. Northern Pacr i 6s Ore Short L rfs 4, Ore Wash 1st 4; P S nkalrunEhvencan B o Portland E1 P L Reading gen 4138 A RIArk&L 4% St L IM&S 4s 29. StL IM&S gn 5s 31. St L IM&S R&G 4s. 30 StL&SFplisA.. 7 StL&SFrdl%s18.110 StL&SFprinbs. 14 StLSW 1st 4s 2 StLSWeconds32., 5 StP & KCShL 415, 1 StPUnDepbs..... 1 SanA&AmnPds... 2 Seaboard AL 4ssta. 3 SeabA Lretds.... 7 SeabAL adj 5s 1949. 55 Seab A L con 6s.... 21 SBAIFla6s35A. 2 SouPac4s29...... 80 Sou Pacific ref 4s Sou Pac 4%s rets Sou Ry Mo & O Term Asso S L 4s. | Third Ave ref 4s Third Ave adj 5s. Tol Tr L&P 5%s 30, Union Pac 1st 4s. .. Union Pac 1st rf 4s. Union Pacific 4s 68. Union Pac 4% 67.. 13 15 11 7 2 7 &P5 S ‘Whash 4328 78 rets. 11 8 1 Western Pacific §s. WisCengnis49... 2 _ India Praises U. S. Carver. When Jean Lois d’Esque, ship’s car- penter of the U. S. motor vessel West Cusetta, recently visited Calcutta with the ship, India recognized his ability as a wood carver, and paid him high praise. Artists and press representa- raised his Among the works shown them, the panel “Pleasures of Tantalus,” com- tives called on him and work. 94% 6 944 9% 4% 9874 102% 9 99% 99% 03% | Wilks-B & El 1st 58 15 gg % 83 83 posed of 32,000 pleces of colored elicited greatest interest. que's ship was at Calcutta of flesh-colored 'Wwoods, While D’Es- o large wood was delivered 1o 1% | him. From this he will carve a three- D’ block tario approximate $20,500,000. six months duction has been stimulated months by higher metal prices. SAN fornia out-of-the-State hic] DULUTH—Iron ore shipments down handled automat 3 BALTIMORE 0. K’S LOANS. au.nz(on:. November 8 (Spechlt). —Bonds for municipal loans aggregat- $16,000,000 wil be sold by the city, 000,000 will be used for developments, extensions and improvements of the harbor and new public wharves, $6,000,000 is to be employed for street year di sl:lml’ life-size nude, entitled “The|. pive.” Three per cent rentes, centimes; 5 per cent loan, 90 francs 65 0% ' centimes. Exchange on London, 124 francs 1415 “The dollar was quoted at 25 centimes, fines 80t Southern Buildin Washingten, D. C. me ase sen information about Cities U. S. TREASURY RECEIPTS Treasury receipts November 6 were $3,957,398.33; expenditures, $7,672,020.64; balance, $181,277,413.64. 1t was $10,219,910, in Fruit. FRANCISCO—The total Cali- movement, Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutus) Beaefit Lite ins. Co. 1520 K Street Main 478 For Lease in the Edmonds Building 917 15th St. Fibeoeial and Resty Giksricts, seve e eral desirable suites now available. Very low rentals. [SHANNON: & LUCHY] 1435 K St. NW. Main 2345 Iron and Steel. —s. approval of the loans on th 3 y. Of this total $10,- for the establishment of docks, etc., and — AT = A of the Ciey Light and Traction Co., '"'”:"Cufimm. Compound Your Dividends Monthly at 7% % The scientific Doherty Reinvestment Plan enables you to reinvest each month, with no effort whatever and without the loss of a day or an odd cent, the monthly dividends you re- ceive from Cities Service stock. This means that at the present' price of this 18-year-old security you are compounding a 7% % return monthly—a short cut to f i independence. HENRY L. DOHERTY & COMPANY Southern Building @ Washington, D. C. Branches in principal cities 2 "Mail the coupon —————————&—‘ Name ol | cAddress stock and its u-t OF THE METALS Lead o HIS newspaper is printed from type-metal. And type-metal is an alloy of which three-quarters are lead. The sheaths of great cables are of lead. Huge vats where sulphuric acid is made are lined with lead, because of its slow reaction to the powerful acid. Those who work with radio- active elements and X-rays wear aprons impregnated with lead for protection. Lead compounds are the pigments of several paints. Of course, you have heard of red lead and white lead. Lead is used for solder and for plumbing pipe. And it has a wide use in external applications in medicine. Internally. any considerable quantity of lead r--: result in lead poisoning. As lead is not safe in every form, so investments are likewise not safe in every form. That is why more inves- tors are turning every day to the First Mortgage Notes issued by Swartzell, Rheem & Hensey Co. for they recognize that this form of investment IS safe— and that their savings in these notes will be kept intact, as well as pay them a steady 6% return. If they are safe for others, they are safe for you. SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 7A7 15 STREET N.W. / WASHINGTON D.C.