Evening Star Newspaper, November 28, 1928, Page 15

FIN ANCIAL, ___THE FEVENING STAR, WASHINGTON, D, C. WEDNESDAY, NOVEMBER 28, 1928, - SHARP ADVANGES | o vonx BONIDS sroce sscmuvca] | (|JAB PRICES RISE Received by Private Wire Direct to The Star Office N BOND NARKE Dividends and Merger Ru- mors Among Causes of Higher Quotations. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, November 28.—The higher dividends declared yesterday by several industrials and public utilities and rumors of further combinations in the local public utility field served to- day to advance the convertible bonds of Brooklyn Union Gas, Public Service of New Jersey and Porto Rican Tobacco. Issues that have been recently leading the speculative department of the mar- ket were quieter. Brookiyn Union Gas 5!5s advanced 17 points before midday. Public Service of New Jersey 445 were up nearly 2 points, J. Kayser 5l:s rose 3 points, Liquid Carbonic 6s were 8 points higher on one transaction and Pressed Steel 88 sold to 102, compared with Tuesday's low of 9715. ‘The oil convertibles were {rregular, Colon 6s declined 3 points. This was an exception, for all of the Sinclair issues were higher, as were Transcontinental 6'2s and White Eagle 5'2s. There was less buoyancy in the sugar convertibles, which have had sufficient advance in the past two weeks to warrant a more conservative attitude toward them. Local tractions appeared to be sen- timentally helped by the stirring among the public utilities of the Greater New York area. Brooklyn Manhattan 6s and Interboro 7s were both strong and New York Railway adjustments up a point. Andes Copper 7s and Ana- conda 7Ts were quieter, the one making an early advance of a point which it immediately lost and the other gain- ing 11, points. ‘The 8 per cent renewal rate for call money restricted operations in the high-grade corporation bonds, and in some cases had the effect of reducing prices. In the foreign list the strength of the 6 per cent Argentine bonds was conspicuous, with several of them sell- ing at or above their call prices. The Italian industrial convertibles had a setback amunting to 3 to 4 points. There was again some sign of liquida- tion in Japanese descriptions. Washington Stock Exchange SALES. Pot. Elec. 1st 55—$4,000 at 100, $2,000 at 100. Pot. Elec. cons. 55—$1,000 at 1017. Wash. Gas 6s A—s100 at 103, $900 at 103, $100 at 103. Pot. Elec. 6% pfd—4 at 11134, 1 at 11115, 11 at 111%. Pot. Elec. 515% pfd.—5 at 1083, 15 at 1083, 5 at 10835, 1 at 1083, 2 at 1085 ‘Wash. Gas Lt.—10 at 1057, 10 at 106, 2 at 106. Wash. R. & E. pfd—5 at 997, 10 at 997, 20 at 997. Dist. Nat. Bank—1 at 237, 2 at 237. Riggs Nat. Bk. warrants—13 at 305, 160-265 at 305. Chevy Chase Dairy pfd.—10 at 1061, 5 at 106%%, 5 at 1061. Col. Sand & Gravel pfd.—10 at 92. Diflfi‘){lt’l Sec. pfd.—25 at 102, 2 at Yo Fed-Amer. Co. com—29 at 52, 30 at 52, 30 at 52, 30 at 52, 10 at 52. Lanston Monot; 20 at 118, 10 at 1181%, 3 at 11;3. Merch. Tir. & Stge. pfd.—10 at 108. Mergenthaler Linotype—7 at 105%, 6 at 10535, 1 at 1053, AFTER CALL. Cri?tqut Farms ; Dairy pfd~10 at . Wash. Gas 6s B—$100 at 103, Wash. R. & E. 45—$3.,000 at 9115. Cap. Tract. 55—$1,000 at 103. Cat. Tract. Co.—20 at 1065. Pot. Elec. cons. 55—$3,000 at 1017 Pot. Elec. 65 '53—$2,000 at 108}, Wash. Gas Li.—150 at 106, Notice—This exchange will be closed tomorrow, Thanksgiving day, Bid and Asked Prices. BONDS. Amer. Tel. & Telga. 4% .. Amer. Tel. & Telga 4137 Am: el & Tel. cil. tr- 55 & Pot. R K. 58 S"% . "Teiephone 220 . & B. Teiephone 5s. C. & P. Tel. of VEA. g Cap. Traction R. R. 53 City' & Suburban 5s... Georgetown Gas 1s Potomac Elec. 1st 55 Potomae Elec: &2 fosh ac Elec. 65 10 Wash.. Alex. & Wash., B 1 ash. Ry. & Elec. 45... Wash. Ry. & Elec, gen. 65 Barber & 1ol lodss 0" . bid Potomac Elec. 5'2% il Wash. Ry & Elec. com. . Wash. Rwy. & Elec. pfd NATIONAL BANK, National Capital : lumbia I Second . Naticnal TRUST COMPANY, Amer. Security & Trust Co..... Trust i35 SAVINGS BANK, Bank of Bethesda Commerce & Savi East Washington. Potomac _... g Security Savibas & Seveuth Strect.. . United States Washington Mechanics' FIRE INSURANCE. American 300 Corcoran, Firemen's National Union % TITLE INSURANCE, Columbia Title Real Estate Titl, Title & Inv. Co. of Md ¢ Wash. Cons. Title pfd MISCELLANEOUS, rber & Ross. Inc.. com.. evy Chase Dairy pid estnut Farms Dairy com h i Col ‘om estnut Farms Dairy pid 1. Sand & Gravel pfd Commercial Natl. Co pid..... T Mg C. Pai I3 Bist Nath: Securities pid Federa) . Mtge. nv. pfd . ::;'Lleh Drug Stores pfd .. . “nv,nryr & Whrs. U > jend. 1EX rights. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) RePoitaturity Bla.. & Oller e e 15, 192 2 903 ; | Southwest Bell Lib 3%s Lib 1st 4% Lib 4th 4% s US3Iys 43, US3%s4T. 99 100 119 100 28 100 49 998 09 130 9912 99 21 10420 104 10716 107 111216 112 FOREIGN. Argentine 6s Ju59. 14 100 Argentine 6s Oct 59 5 100 Argentine 5125'62. 29 96% Argentine 6s A.... Z1 100': Argentine 6s B 3 1001 Australia 4%s 56 8814 Australia 5s 1955... 5 96% Australia 31 97 Austria 7s 4o 91208 Bank of Chile 614s. Belgium 6: Belgium 6% Belgium 7s 1955. Belgium 7s 1956. Belgium 73s. US4yss2. Brazil 6165 1926 Brazil 6%s 1927 Brazil 1s. Canada 581031, Canada 58 1952, Canada 5%ws 192 Chile 6s '60, Chile 6361, Chile 7s 194 Colombia 6s Jan's1. Con Pow Japan 7s. . Copenhagen 438 53 Copenhagen 5s ct. . Cuba 5%s. ... Czecho 8s 1951, Czecho 8s 19 Danish Munic 8s B, Denmark 68, ,,..., Dutch East I 65 47, Dutch Bast I 6s Finland 6%s Finland 7s. French 7s... French 7 Haiti 6s. Hungary 7 Irish Free State 5s. ltaly 7s.... Italian Pub S 7s Japanese 4s. . Japanese 635 s Lyon 6s.... Marseille 6: Mexico 4s 04 asntd. Mexico 45’10 asnt. Milan 63s Netherlands 6s 5 Netherlands 6s 72 New So Wales 57s. New So Wales 58s Nord 6%s. ... Norway 5s 1963 Norway 5%s.. Norway 6s 1943, Norway-6s1944. Orient Dev deb 6 Paris-Ly-Med Paris-Ly-Med 18 Peru 6s§7wi,, Peru Peru7 1102% 10 9% 11 99% 1 104 90 91y 3 108 11 107% 13 89 bl oiro 6448 Rio Gr Do Bul §s Rome 8448, ,.. San Paulo City 8s. Sao Paulo 88 1938, , Saxon (PW) 7s, Seine 7s 43, , Serbs Cr Slav 7s Serbs Crot Slo 8s. Soissons 6s. Sweden 5%s. Sweden 6s. Swiss 5% s 1946. Swiss Confed 85 2 106% 8 1% 1118 1 108 1100 17 106% 18 84y 3 98 4 98% 10 104% 12 102% 2 104 10 110% . { 98% Beasiaan Tokio 538 1061, 28 Utd Kingm 5%s20, 1 1184 Utd Kingm 5%s 37. 14 1041 Utd SteamCopen 6s 6 99 Uruguay 8s..... 1 108% Yokohama 6s w i. 6 95% AmAgriChem 74 AnSmit & R 18f Am ugn Ret 9 104% 15 101% 7 104% 18 904 15 104% 14 108% 8 108 2 9% 3 86 82 106% 84 186% 75 234 Am Tel & Tel 5% Am Water Wks #s, Am Writ Paper 6s. Anaconda 1st 6 Anaconda cv db 73 26 1421 1 108% 3 108% 3 1014 8 108 T 104% 7 105 Beth Steel 5% Bethlehem Steel 20 100% 5 785 7 10 . 1.81% 11 83% 6 104 1 104% .B 108 9 105 Dugquesne 4%s 67,, 11 100% East Cuba Bug 7%s 11 96! Fisk Rubber 8s 3 111% Gen Asphalt 65 36,, 6 111% Gen Mot Ac Cor 68, 27 103 Goodrich 6% . 1107% Goodyear bs ret: 18 93y Hoe & Co 8%, 2 914 Humble Oi} s T4 100% HumbleO& R 5%s, 8 101% Indiana Steel 5 6 104% 24 93% 190 106 .44 99% Int Mer Marine 6s,. 1 102 Int Paper b8 47, 18 954 Inter Paper 18 984 int Tel&Teleg 4%s, 62 964 Kayser J & Co 5%s. 65 148 Kan G & E 6s 52 7 105% Kelly-Spring 4 110% Laclede G 6%s52., 10 105 Lorillard 5 2 91 Lorillard (P) 81 112 LoulsvG & E 5852, 1 104 15 98 3 1004 2 1056 8 101% 1 8734 14 115% 2 107% 10 100% 14 1073 17 110% 28 100% 26 1 b 105': 5103 5 105% 11 1063, 100% 3 81y 7 105% 47 995, 2 92% 9 945, 6 102 72 96% 95 102 Con Coal Md 1st 5s. Con Gas N Y 5%s Cuba Cane cv 7s Cuba Cane §s. Cuban Am Sug DatroitEdison5s40, Detroit Edison 6 Dodge 6 el b8, Mid-Con 6% 40 Mont Power deb Mor's&Co 1st 4%s. N Y Edison 6%s. YGELH&P NY 41, NY Tel 6840, North Am Edis Pacific Gas & EI 5 Pac T & T 5s 5. Pan-Amer Pete Paramount Philips Petro 5%s. . Por Ric Am Tob 6s. Pestal Tel & C 5% Pressd Steel Car Public Service 4168 498 1717 Punta Alegre 7s. 2 96 Rem Rnd 6%s war. 54 04% Sinciair Oll 6s...., 100 100% inclair Oil 6%8... 25 1013 Sinclair O1l 7s. 11 104 Sinclair Crude 5%s. 13 974 Sin Pipe Line 5s... 31 95% .16 941, 1104 tand Oil N J 55 arEstOrienters enn Copper 6541, nnklecPow 6s 47 Transcontl il 6145 United Drug 5s 53. 'y ". 4 101 MISCELLANEOUS, UNITED STATES. o Close 16 9923 8 9912 12 10412 1 1078 6 1128 99% 100 9615 99% 100 88 9974 96 9 10215 1 9813 « 100% 100 3 105 1 107% 107 105% 106 115 115 110 110 105% 105% 100% 100 96% 96 96's 964 100 101 1084 108% 100% 100% 104% 104% 100% 100% 912 109 110% 110% 104% 104! 103% 1087% 3% 103% 103% 90% 9% 99% 107 107 113% 1 106 106" 98 98 98 9813 100 100 101% 101% 96% 9 967% 96 92 90% 92 101 100 100% 4 100% 100% 22% 22% 91 100% 100% 105 105 931 94 93% 94 102%: 103 9T 9T 100% 100% 1027 103 102% 102% MY 0 0% 904 102% 102% 107 107% 88! 815 4 B5% 5% 106% 108% 1% 91% 115 115 106 108 904 993 105% 105% 84 841 9T% 9T 98l 981 104% 104% 102 102% 103% 103% 109% 109% 98% 98% 78 88 1184 1184 108% 1041 981 99 108% 108% 9% 95% 104% 10415 101 101 104 104% 99 99y 1044 104% 108 106 107% 107% Sales High. Low. Close USRublstrf5s... 39 90% 90 901 : 9 100% 1005 100% 107% 107% 107% 101% 101% Vertientes Sug 7 Warner Sug 7s 3 Warner Sug 78 41.. Vest Elec is. . . Yngstn S&T 29 100% RAILROAD. “Atchison adj 4s. 17 88¢ Atchison gen 4. 3 Atlantic C L 1st 4s. Atl & Dan 1st 48 B & O Gold 1s. B&Ocvial . B & 055 2000 D. e S omte s 10415 1091 B & O Toledo 4. Bang & Aroos 4851, Brooklyn Elec 61;s. Brookiyn Elev 635 Bklyn Mannat 6s. .. Buff R& Pitt 4%s.. {Can Nat 4148 30.... Can Nat 4%s 57. Canad North 8%, Canad North 7; Canad Pac deb 4 Can Pac 4145 46. Central of Central of Ga 6s Central Pacific 4s, Cent Pag 1st 5s 90 se &0 gn 418, Alton 3s Chi & Alton 31 Chi B&Q gen 45 53. Chi B & Q 1st rf b8 Chi&E 111 gn 5 Chi Gt West 48 59, CM&StPgn8... 19 ChiM&SLP4 155C89, 24 ChiMIISP&Pacta?s, §0 CM8P&Paca Chi ok m kR B, eESaEN B R W4 & ChiTH& S I {Chi Union Sta C&WI5 : CCC&SUL deb 4138, CCC & StLrf6sA. Clev Term & Clev Term 51;s. Colo & Sou 435 Cuba R R 73%s.. Cuba Nor 5 ct Del & Hud 1st rf 48, Del & Hud 75 30, Den & Rio G cn 4 D & Rio G imp 68, , DRG & Wst 65 '8 Det United 4% Eris 18t cons 4s. Erieovt 6867 wi,,, FlaEast Cb874,,, Gr Trunk stdb 6., Grt Northn 4% & Great North 6%s., Great Nor gen 21 Green B & W deb B, Hav El Ry 548 51,, Hud & Man aj &5 Hud & Man ref § 11l Cent ref 4s. ~SSCSonm amxa 111-C-C-8tL&NO 58 Int Rapid Tran bs,, 14 Int Rap Tr 6m stpd. Int Rapid Tran s, , Int Kap.Trans 7s., Int & G Nor 1st 6s. InLRysC A 5s72 Int Ry C Am 6s 41. Int Ry C A 63¥%sret. Iowa Centrf 4s.... Kan City Ft S 4s. Kansas City S 5s Lake Shore 4s 31 Lehigh Val cn 4s. Louis & Nash 7s. Man Ry 1st 45 90, Market 8t 78 4., Mil Kl Ry & L bs 61 M St P&SSM cn 4s. M StP & SSM M StP & SSM 6%s. MK&T4sB...... Mo Kan&T 435’78 MK&Tadj5s..... MK &T prin 5s A, Mo Pacifio gen 4s.. Mo Pac 58 ¥ 77.... Mob & Ohlo 4%2s 77, NatRyofMex 4s 77. New Or Term 4s. .. NOTexd&MOGsA., 100% 87 951 0915 991 86 86 108% 105% 184 184 280 - 230 98 93 1% 91% 140 140 1065% 105% 108% 108% 101 101 102% 102% 104% 104% 96% 964 1156 116 100% 100% 78% 785 106 106 81 81% 828 . 82% 108% 103% 104% 104% 108 108 104% 104% 100% -100% 96 96 111% 111% 109 111% 1025 102% 107% 107% 3% 984 91 91 100% 100% 101% 101% 1045 104% 08% 93% 104% 105% 985 99% 102 102 4% 94l 98K 08% 96 96 143 143 105% 1056% 10 110 105 105 90% 90 1% 111% 104 104 97% 98 100 100 105 105 101% 101% 8T% 875 115% 115% 1078 107 100% 100% 106% 106% 110% 110% 100% 100% 10115 101 105% 105% 103 103 105% 105% 106% 106% 1004 100% 81l 81 105% 105% 99% 99w 92% 924 948 948 101 101% 957 957 100 101 164 171 95% 954 98% 94% 99% 100% 101% 101% 1031 114 118 106% 1061 104% 104% NOTex&M5sB.. NOT&Mb%s.... N Y Cent 48 98 N Y Cent deb 4s. NYCrfim4ks, N Y Cent deb 6s. NYC & StL deb 4s. NYChi&StL 53%sA. NYChi&StL 5%s B, NYC&StL6sA.. 5 NYNH&H4%s NY NH&H elt 6s... NY NH&H cv db 6s NY Rys . N Y State Ry 1%s NYStateRy 65 62. NYW&B4%s, Norfolk & W cn . Nor Pac 3s 2047. Northern Pacific s, Northern Pac 5s D. Northern Pacr { 6s. Ore Short L rfs 4s. Ore Short L 5s gtd. . Ore Wash 1st 4s... Pennsyl gen 43s. . Penna RR 4%s " Pennsyl 5s 64 Pennsyl 6%s. . Pennsyl gold 7s. Peo & 11t 4s 40, Py 42 104% 109% 994, RIArk& L 4%s. StL IM&S gn 5s31. 8t L IM&SB R&G 4s. StL&SFpl4sA.. 12 :l S Fr4%s 78,107 it SBAllFla6s35A. SBAllFla6s3s B Sou Pao 45 29. Sou Pacific ref 4s. . Sou Pac ¢¥:srets. . Term Asso TexArk F'S Third Ave ref 4s 60. Third Ave 3 Third Ave adj 5s 7 Tol Tr L&P 5%s 30. 2 Union Pacific 4s 68. Virginia Ry 1st5s.. Whash 435 78 rets. Wabash 1st 5 620 1002 89 105 93 103 1004 104 821 10013 8914 6 105% 93 5 103 1001 164 13 82% 1100 7 88% FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) anat gold Selling checks Western Md 9¢ West Shore 4s 2361, 88 88l London, Paris, 1 Brussels, belga Berlin, mark Rome.’ lira Zurich frane Athens. Madrid D Vieuna Budepest, pengo. . Prazue, crown (rnom Copenhgen, Osl v . Crow 46 984 97! 97% Stockholm, crown. , | Bvecial Dis INAGTIVE MARKET Dubilizer Condenser and Ra- dio Are Featured in Upward Trend. BY WILLIAM F. HEFFERNAN. toh to The Btar. NEW YORK, November 28.—With every indication of another record so far as volume was concerned the curb market favorites surged upward today. Even before the first half session was over the ticker was more than a half i hour late in recording transactions. ‘The opening advance in Dubilier Con- dentser and Radio was sensational. The stock closed yesterday at 97. It opened on a block of 22,000 shares at 19 to- day, then broke just as quickly to 10, railying several points thereafter. There was no sound reason in the affairs of the company to account for this sud- den dougllng of the market value of the stock. The best that could be said was that the operation represented a squeeze of the short interest, which was thought to be enormous, Another spectacular performer was Oanadian Marconi, which opened on a block of 50,000 shares at a new high of 23 and subsequently crossed 27}y on a record turnover. The persistent demand was a direct response to the recent action of the British govern- ment in turning over to private owner- ship wireless and telegraph companies. Marconi Wireless Telegraph, Ltd. in the same category, also moved forward sharply to a new high above 28 after opening on a block of 10,000 shares at 2574, Another outstanding leader was Elec- iric Bond & Share Securities, which jumped from the previous, final of 1541; to 163, also a record top. American & Foreign Power and United Light & Power “A” were other featurss in the utility group also making fresh peaks. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, November 28. Potatoes, white, 100 pounds, 80al.10; sweet potatoes, barrel, 1.25a2.25; bushel, 50a1,25; yams, barrel, 1.25a2.25; beans, bushel, 3.00a4.50; beets, 100, 4.00a5.00; broceoli, bushel, 75a1.00; Brushels sprouts, quart, 15a25; cabbage, ton, 30.00240.00; carrots, 100, 4.00a5.00; cel- lery, crate, 1.50a3.00; cauliflower, crate, 1.75a2.50; kale, i bushel, 75a90; lettuce, bushel, 75a1,50; onions, 100 pounds, 1,254.00; oyster plants, 100, 5.0028.00; parsnips, basket, 40a60; peppers, crate, 4.0028.00; pumpkins, 100, 10.00a30.00; spinach, bushel, 70a1.0 tomatoes, crate, 3.0085.00; turnips, basket, 25a35; | Bavoy cabbage, bushel, 7681.00; apples, bushel, 7582,00; cranberrie 3.00a 4.00; pears, bushel, 1,50 fruit, box, 3,00a4,00; orange! 4.50;" Kelfer pears, basket, Hay and Grain Prices. Wheat—No, 2 red Winter, garlicky, spot, 1.32%; November delivery, 1,32%. Corn—No. 2 ekport, December deliv- No, 2 yellow, 1.03a1.04; cob 4.75 barrel, -No. 3 white domestic, spot, 857; No, 3, white, domestic spot, 56858515, Rye—Nearby, 1,10a1.20, Hay—Receipts, 44 tons. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, few carloads being received. There is not enough business passing to establish prices on the vari- ous kinds and grades, and all arrivals sell strictly on merit at a range of 16,00a18.50 per ton for timothy and clover hay, Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. Dairy Market. Poultry, alive—Young turkeys, pound, 40; old, 35a38; Spring chickens, 20a29; Leghorns, 20a26; old hens, 22a28; Ms- horns, 21a22; small and . 18a20; old roosters, 17a20; ducks, 22a25; small and old, 18a20; geese, 20a25; guinea fowl, each, 40a85; pigeons, pair, 30. Dressed poultry — Turkeys, choice to fancy, pound, 41a42; fair to good, 38a40; old “toms, 35a36; poor and crooked breasts, 25a30; chickens, young, 28a30; old and mixed, 25a28; old roosters, 20; ducks, 25a28; r ) 32228, Eggs — Recelipts, 1225 cases; native and nearby selected whites, free cases, dozen, 52a54; firsts, 47a48; current re- celsts. 45046. utter — Good and fancy creamery, pound, 48a5: prints, 53a85; blocks, 5153; ladles, 37a38; store packed, 34a 35; process butter, 43a44. COTTON PRICES FIRM IN EARLY TRADING Market Shows SIight_Decline Un- der Pre-Holiday Realizing Sales. By the Associated Press. NEW YORK, November 28—The Cotton Market opened steady at a de- cline of 2 to 10 points under further pre-holiday realizing and some Southe ern or local selling promoted by relatively easy Liverpool cables. Jan- uary sold off to 2043, making a de- cline of about 40 points from yester- day’s high price and of 10 points from vesterday’s close, but this reaction seem- ed sufficient to bring in a renewal of Wall Street and comission house buy- ing, which absorbed the early offerings. By the end of the first half hour January had rallled to 20.60 with the general list showing net gains of about 6 to 8§ points. Private cables report- ed London, local and continental liqui- dation with a lack of speculative offtake in Liverpool, but prices there firmed up right after the local opening. Re- ports from Manchester said that home trade in cotton goods was improving and that there were increased sales of cotton yarns. PARIS BOURSE PRICES. PARIS, November 28 (#).—Prices were firm on the Bourse today; 3 per cent rentes, 65 francs 15 centimes; 5 ( per_cent loan, 92 francs 20 centimes; " exchange on London, 121, francs 914 centimes. The dollar was quoted at 25 francs 7% centimes, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) id, Alis-Chalmers Co. 5s 1937, ... Aluminum Co. of Amer. bs 1053 1019 American Tel. Tel. 45 1929, 993, Angconda Copper 6s, 1929.. 0 Balto. & Ohio 4l:s 193: Batavian Pet. Corp. 4'us 194 Bell Tel. of da 55 1056 California Canaaian Ce & Eor ik iais 101 . Bla 4 ... 95 Pt Wy, or. Rwy "% Chesa. & Ohio Rwy. 415 1930 Chicago Rock Island ds 1934 Colotado & Sou. Rwy. 45 1 Columbia Gas & Elec, Cudahy Packing Co. 5! El 1l Boston 41zs Gen. "Mot. Adeep. Corp, Gen, Pet." Gorp. b, 1940, Gocdyear R '8s 1057 Grand Trunk of Canad; Gulf Oll of Pa %5 19 Humble Ol 5'.s 1982, Micligan_Central Ry. 45 ‘1939 Short Line 45 1929.... r orp. Blas 1937 Shell Union Cil_Co, 47 Sinclelr Crude Qil Co. 5'25 1938 Southern Pac. R. R. 45 1920 Standard OIl N. Jersey 5s 1046 Si. L. Ir, Mt & 8o Ry. ds 1920 & ©o 55 1932 5 5 1935 .. Western Electric Co. 55 1944 Westinghouse EI._& M._5s 1946, Wheeling Steel Corp. 5'as 1948 1013 kS NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following .is a list of stocks and bonds traded in on the New York Cuib Market today: Bales 1 cetol’ Pro 20 Acoustic_Pr 2 All m Com Alco vic & 115 Am Cyanamid B 5 Amer Dept Gas & EL Hawaijan §'S! r Lt c 220 2 Anchor Cap_ ... TAtl Fruit & Sug 9 Aviation Co of Am 3 BahiaCorp 1 Bancitaly 12 Blauners ... . §Bliss E W . 5Blum § .. 3 Boeing_Air T L fd 1Braz Tr L & P nt Pul } Gene Bt Cin Car . 5 City Mch 1Clark Lighter A. 8Club_Alum _Uten. 7 Domi 221 Dubilier € & R 13 Du Pont de Nem 1 wi 1Epat States Poy 157 ) Bond & 8h Col 69 El Invest ; TEIP & L 3B R 1Gen Bronze . . reprfe n wi i e 24 e 1 Sta Milk . 5 oten S M ] Parr .. Hazeltine | Cor ayden_ Chem ...... 12 Hiram Walk G & W Horn TR ousehold” Finarice.. 4 cur Raz 3Intern Util B tern Util war . ickel at iebel ~ Oscar. 5 Nehi ) s oot s B N J.l.l sup. il 1Penn Wt P C. 1Peop Drug Store. ck Bar & Co 1 Fterce Covernor , - rol 05 B 1Pup §F &L 100 1 Repetti Candy 1 Reynolds Metal. Reynolds o} REECUES 1 Rich Rad 18 Ross _Stores . 12 Safe-T-Stat 31, Safeway Stores 3 St Regis Paper St ‘R!fls Paper heni United 2 ulte Uni pf 2nd pd huév.er-.lohnlc A 4 heaffer Pen korsky Aviail lica Gel'vic u ) B Taggard Corp 1Tenn Prod .. 4 Thomps Prod A 5 Timken Det Axle. d_Ship * | gine.” Saleg ir MINING STOCKS. hundreds. 4 Cresson 2 Dolores Esper 15 Yukon Gold . Sales in INDEPENDENT OIL STOCKS. hundreds. &0 Ol 32 Barnsd _deb " ris 12 Carib Synd . ‘ 34 Cities Serv n. 2% 2% 1Cit Serv pfd 3 Columbia Syn Colon Oil e BB Betiat -8 ¥ OF FETE FINANCIAL, WHEAT EASES OFF ON INITIAL DEALS| Corn Develops Firmness in Early Trading—Oats Are Steady. By the Associated Press. CHICAGO, November 28.—Reports of needed rains in Argentina fended to ease down the wheat market today | a | during the early dealings. On the other hand, corn developed firmness owing to unfavorable weather in the corn belt, likely to hinder the movement of the crop. Opening at % 31alto Ys cent advance, wheat kept near 1 s | to the initial figures. ter-Foster Ol n _Con ... Salt Ck Prod ts. : Rawdn o it 0% 1 * 600 L Rk 3501 % 8 Ohio” ‘acuum Oil 0 500 BONDS. thousands. Sales in 30Abra & Strauss Blas 3 Abbott Deiries. 8s. . 8 Abitibi 3 Ala P 4Ahm Lta 1Am Agere 5Am Con Alc 6s Al as & El 58 ow & Lt 68 Roll Mill ‘55 Seating 65, 3 Anaconda 6s 4 8 Appel EI Pow 83: ... 991 5 Assoc Gas & EJ 410 1021, Assoc 4108 ww 95 'rgf'lz‘ 1Denv & Salt Lake 8. 90 10 Det City G 6s A's 7 d 10612 8% 101 a P & I 55 3 Gatineau_Pow 55 1G I o4 s | 2131 rand Trun 3Gulf Qil Pen 5s '47.. 102 2Gult, States UL 55 A 90% i 6ins 961 s ‘5T 96%4 L 55 A 100 s 921a 2 2 Milwaukee Gas 4%as. 10 Nararg Co 55 A..... 2 Nathan Strauss T 65 140 INat P & L 65 A....108% 5B 130989 1 8 B A ow Bios A: 10078 veel Bl Ales B 90" 9 White Sew Mach 6s.. 100"z Sales in FOREIGN BONDS. thousands. 2 Asri Mor Ba 7 47 s 5 2 Jugosl Bta M 11 Lombard _Elec 7s A 103% 1Mansf &S 7s '41 ww 96%s 1 Mendoza 7iis 81 T 2 t B enil 1Muni Medellin 7s 2 Muni Medellin 6" Elec 6 1Rio Grande 7s '67... 96's 10 Russ Govt 5125 cfs 1 13%g 4 Saar Basin Ts. 1 1 Santiago_ 175 4Stn H 7s 136 wa 6Stin H 75_'46 wa 25 Oni Elec Serv 7s A Uni El Ser s A ww Varsaw 78 xd—Ex-dividend, wi—When issued. n—New WwW—With warrants. ANGELL MACHINE PLANT IS PURCHASED BY FORD Auto Magnate’s Latest Acquisition Proves Puzzling to Provi- dence Residents. By the Associated Press. PROVIDENCE, R. I, November 28.— Henry Ford has purchased the general machine plant of Charles E. Angell, A| located here. ‘When Mr. Ford arrived in Providence last August, he said the purpose of his visit was to find “a part for an old en« He was particularly interested in Armington and Sims engines and * | Edison generators. He found these parts in the old ma- chine plant of which Mr. Angell has been the proprietor for the last 40 years. Two carloads of the parts have been shipped to Dearborn, Mich., and six more more carloads will follow soon. Just what the automobile manu- facturer intends to do with the latest acquisition could not be learned today, although Mr. Angell knows, he refuses to tell. —_— VELIE ENDS CAR MAKING. Company to Build Airplanes and Airplane Motors, NEW YORK, November 28 (#)— Permanent discontinuance of manu- facture of the Velie automobile was an- nounced today by W. L. Velle, jr., vice president of the Velie Motors Corpora- tion of Moline, Ill. Wall Street understands the company will confine its activities to the manu- facture of airplanes and airplane motors, with the possibility that it will be drawn into a corporation now being formed through merger of smaller air- plane units. ‘W. L. Velie, president of the company and one of the pioneers in the industry, died last month. R T S There is a penny lunch—cup soup, cup of cocoa, crackers or cake—in only one public school in Philadelphia, | Corn started un- changed to 1, off and subsequently | scored something of an advance all around. Oats followed corn. Provisions were steady. News that beneficial downpours had taken place in southern Argentina, where the crops have been suffering on account of excessive heat and urgent need of was more or less offset to day in the wheat market here by com- rehensive advices that there is much less wheat in United States country elevators that at this time last year. It was indicated that the movement to rimary centers has been 20,000,000 E\lshels ahead of last year, and that most of this come from Winter wheat production over 1927. Prices for all grades of domestic wheat in practically all markets it was shown, are lower than at this time last year, in this connection, the assertion was made that farmers generally are in better flnancial condition than they were and that the “hold your wheat,” movement advocated by Secretary Jar- dine is likely to keep the grain on farms until prices improve or money is needed for Spring work. STOCK PRICES INCREASED BY PUBLICITY MEDIUM Special Dispatch to The Star. NEW YORK, November 28.—That publicity affects the price of a stock has been proven beyond a doubt. In order to create public interest it is just as necessary to : dvertise a company’s stock as to advertise a company’s product. Companies whose stocks are listed on the New York Stock Exchange get a great deal of free publicity, for each day fairly complete records of transac- tions are published in about 500 news- papers trFroughout the country and about 500 additional newspapers carry occasional or partial reports. Such incidental publicity as this is immensely valuable, but, of course, in quotation tables one stock is not em- phasized more than another. Only by spectacular movements of its stock or by the announcement of unusual facts about a company is it possible to get specfal publicity in the form of news articles or special mention in financial columns. Progressive companies have found it to their advantage to get all such publicity possible. Since many potential investors never see the financial pages, news concerning a particular company or industry in an- other section of the paper is particular- ly helpful in creating public interest. Although this is quite common, it is difficult to obtain and in great demand. One of the most outstanding examples of the effect of such publicity is demonstrated in the case of the avia- tion stocks. While for many years public interest in_cviation has gained steadily, it took Lindbergh's flight to Paris to really kindle great public in- terest in the industry. The morning after Lindbergh landed newspapers de- voted pages to the flight. From that day aviation has increased in popularity until many believe now that the in- dustry will follow the course of mass production taken by the automobile industry. —_—te EARNINGS DECREASE, BUT DIVIDENDS GAIN By the Associafdd Press. Statistics on the sources of the Na- tion’s income in 1927, as compiled by the Treasury Department from income tax returns, disclose a falling off in ends. While the total business income was 90 * | only about $40,000,000 less in 1927 than in 1926, it amounted to only 13.52 per cent of the total income, as compared to 14.04 per cent in/1926. Dividends, however, totaled about $140,000,000 more- in 1927 than in 1926, representing 15.93 r;{l .«:.ent of the total, as compared to The drop in business income probably reflects the marked depression in indus- try, which came in the Fall of 1927. The increase in dividends, in contrast to the amaller ear: , may have come from the profits of the high industrial Io,e:nvny of 1926, a peak yedr in several “;.l‘g:’ total 1ncoglne’lslsolo%27. $26,098,~ was ,000,000 greater 4 roughly L} the year. Nearly hll?rt.he increase in the total figure for 1927 came from profits from the sale of real estate, stocks, bonds, ete, other than net gain from sale of capital assets held more than two T which also made up a substantial por- tion of the increase. . STREET CAR FARE RAISED. BALTIMORE, November ,28 (Spe- cial)—A flat-rgte of 10 cents for street car fares with four tokens for 35 cents was granted the United Rallways, which controls the trolley systems of Baltimore, today by the Public Service Commission. The increase, which be- comes effective on December 1, will be equivalent to 875 cents for each fare for regular riders who buy tokens, com- pared to the three-for-a-quarter rate for tfloke::s. with a 9-cent base rate, now ect effect. It will mean an increase from 8.33 to 8.75 cents, or .042 of a cent, for pur- chasers of tokens, and of 1 cent for | those paying cash fares. DIVIDENDS. Regular. Rate, PR s A... 50c Cal-Ore Pow 7s pf.51.75 % o pi Cel Corp Am b Do 1st_p: or O Hldrs. of d. rs. Company. ecor: Pe- Py riod, abie Jan, A 8 £OOOLOOOOROOLOOOOOOOOOLDODOTOOOODD; & Do $7 pf... . NYNH & HRR P X LN Y 8t Corp ds pf.31 Do 78 pf. No O Pw&L Do 7' e niss Penn ‘Wateripow Fhlllw Petroleum. ub of J. TR EREL R EREE L L e 5 B e G s soh of: wnun:h‘o‘usgr Blec American_Can .. i1l troley bl mere ot N Reo Motor Bt Increased. ¢ Q 5135 Q Stock. 8% American Can.... Congress Cigar.... Anchor Post Fence. — Dec Inter Bus Mach - Dec Omitted. Fed Motor Truck. Stk due Jan. . Goldini’s “Servant of Two Masters" was the first play produced in the New Theater at Sgith, sections where there was an increase in ! business earnings, but a gain in divid- | Industries. i 3! : 0000000000000000000000000000000000000000000. bosd | National Surety Dividend. NEW YORK, November 28 (#).—Na- tional Surety Co. of New York directors have declared an initial quarterly of 6214 cents on the $50 par stock, payable January 2 to stockholders of record December 19. Prior to exchange of two shares of $50 par for each share of $100 par, the quarterly dividend was $2.50. g Would Increase 0il Output. NEW YORK, November 28 (#)— Winkler County, Tex., producers are seeking a hearing before the Texas Railroad Commission on an application to increase the allowable oil production to 175,000 barrels daily from 150,000 barrels. Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520K St. N.W. First Mortgage and Construction Loan it Applications Invited at 5%2% | Glover & Flather 1508 H St. N.W. Main 1753 On improved Property in Maryland and District of Columbia 6% Interest No Commission Charges EAVER BRO ' Y RreaCToRS 809 15th Strect N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company | _/ Mortgage Money Loaned At Low Interest Rat Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 " REAL ESTATE NOTES Secured by First Trusts Conservative Appraisals Chosen Locations 6% Interest EAVE | WERERBROS | 809 15th Street N.W. Main 9486 e00g : § 3 3 S > 23 TREAT YOURSELF You deserve Why not Jr,, Tigat yoursell to a te OFFICE FURNITURE ‘mahogany or walnut tops sides. THE W. D. CAMPBELL COMPANY Two Entrances 1018 15th St N.W. 1506 L St. N.W. Franklin 3660 9000006000000000000000 REAL ESTATE LOANS 519 , Apartments and Business Properties In District of Columbia and Nearby, Maryland-Virginia 3.5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. 0000000000000 00000000000000000400000000000000000