Evening Star Newspaper, December 17, 1928, Page 15

FIN 'BONDS INFLUENCED BY HINTS OF WAR Bolivian Issues Drop Sharply Following South Amer- ican Conflict. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, December 17.—Due to the warlike situation in South America oday, more attention was given to the et for foreign rather than to do- ic 1ssues. The: Bolivian group was in' a state of semi-collapse, with the September-7 per cent loan, which was brought out at 97!5, selling in the early afternoon at 85, a break of points from Saturday's closing. The older Boli n issues were steadier, as they have been fairly well distributed. - Even in them there was considerable liquidation. The 8s de- clined about 3 points and the Ts over 4 points, both selling approximately 10 points under their high of the year. While there was no ing pressure in the market for the bonds of the stronger governments and provinces of South America, a number of the weaker credit province bonds were reactionary. There was also a heavy tone to Central Ameri- can issues which it is felt have been brought out in too great a volume dur- ing the past year and a half. In the Jast three months, of $115,000,000 for- eign issues, either government, munici- pal or corporation, $82,000,000 have been for South or Central American ac- count. The irregular movements in stocks were duplicated among convertible bonds, most of which were lower. Ana- conda Copper 7s were off 3 points,| Andes Ts dropped 7 points, Liquid Car- bonic 6s were also off 7, Barnsdall 6s over a point, J. Kayser 5!>s the same, The new International Telephone: con- vertible 415s lost 2 points. 3 glnh»gr:\de issues showed a mixed market. The range in most cases was jess than 12 point. Many of these bonds are now within a short distance of the lows of last Summer. On the other hand, nearly 90 listed and un- listed foreign dollar bonds were at the Jowest of the year. A majority of these were in the South and Central Ameri- can groups, with the next largest num- ber of losses among German bonds. Junior rails were lower, including St. Paul adjustments, Chicago Great West- ern first 4s, and particularly the Florida division 6s of the Seaboard Air Line, which declined 1 to 2% points. ~+~POTATO MARKET DULL. CHICAGO, December 17 (United States Department of Agriculture) —Po- tatoes—Receipts, 168 cars; on track, 341 cars; total U. S. shipments, Satur- day, 667 cars; Sunday, 36 cars; trad- ing very slow; market dull; Wiscon- sin sacked round whites, 80a1.05; Min- nesota and North Dakota sacked round whites, 80290; sacked Red River Ohios, 1.00al. Idaho sacked russets, 1.40 to 1.65; fancy shade higher. 6% NOTES Secured by First Mortgages Safe—Conservative 41 Years' Experience in financing homes and in the sale of these se- curities. Make your savings and surplus funds work for you at the highest inter- est rate consistent with ' sbsolute safety, Wm. H. Saunders Co., Inc. > REALTORS Main 1016 1433 K REAL ESTATE LOANS 519 Homes, Apartments Business Properti ’ In i District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies jRandall H. Hagner & Co. (Incorporated) Decatur 3679 1321 Connecticut Avenue}! Mortgage Loan Correspendent J! New York Life Insurance Co. oot | 7| Belgium 8s. {Czecho 83 195 I_Peru 1%s. CIAL THE EVENING | N NEW YORK BONDS STOCK EXCHANGEI Received by Private Wire Direct to The Star Office UNITED STATES. Sales. High. Low. (Sales are in $1.000.) 5102 102 Sales. High. Low. Close . 4 Lib3%s.... 23 9916 9914 9916 % Lib1st4%s 46 1009 1006 1006 Lib 4th 434s 43 10017 10015 10017 US3%s43. 25 9815 9813 9815 US4s1944, 51 10517 10616 106 17 US4us52. 211114 11114 11114 FOREIGN. Sales. High. T Close. 102 97% Sinclair Ol 7s..... Sinclair Crude 5128 Sin Pipe Line Tenn Copper 6s'41. TennElecPow 6s 47. 5 ‘Transcontl Oil 648 16 United Drug 6s 53.. 12 U S Rub 1strf 6s... 10 4 12 Low. Close. 9l 91 14 99% 99% 99% 22 100 994 99% 94% 94% 94% 00% 100 100 997% 8% 95% 96 96 1024 102% 102% 5 967% 96 96% 16 100% 100 100% 12 105% 105% 105% 17 108 107% 107% . 23 105% 105% 105% 8 115 114% 114% 15 109% 109% 109% 71 92 88% 89 9% 976 984 991y 9414 94 100% 101 16 107% 107% 107% 1 100% 100% 100% 16 100 99% 14 103% 1027 +e. 10 100% 99 Argentine 5s. .. Argentine 6s Ju 59 Argentine 6s Oct 59 Argentine 5% s '62. Argentine 6s A. Argentine 6s B. | Australia 43s 56. Australia 58 1955. .. Australia 58 1957. . Austria?s....... Bank of Chile 6%s. Belgium 6s. Belgium 6%s. | Belgium 7s 10 Belgium 7s 1956 USRub 7%8..0000 U S Steel s 5s. Vertientes Sug Warner Sug 7s 39.. Warner Sug 7s 41.. 1 West Elec 5s...... 11 Westn Union 6s 51. 16 Westn Union 6%s.. 4 Westinghouse 5s... & Willys-Ov 6%s 33.. 21 Wilson & Co 1st 6s. 11 WinRepeatAr7i;s. 2 Yngstn S&T 5s wi. 20 RAILROAD. .« 2 88 1 Belgium 73s. Atchison adj Atchison gen 4s..... Atlantic C L 4% 64 B&O Gold 45 5 1B&OCv4%s... B & O ref bs. B & O 58 2000 D, B&O 1stbset. B&OTfimp 65 ogs. | B& O PLEWY 48 9% | B & O Toledo 4. 103% | Bang & Aroos 4 * | Boston & Maine 5 * | Brooklyn Elec 6%s. Bklyn Mannat 6s. .. Can Nat 4345 30 Can Nat 435 5 Can Nat 4385 Canad North 7s Canad Pac deb 4s. Can Pac 435 46.. .. Car Clinch&O 65 52. Central of Ga 63. .. Central Pacific 4 Cent Pac 1st 55 90, 7 103% 103% 103% |Chesa Corpiswi.. 4 109% 109% 109% | Shes ol Bolivia 7 Bolivia 8 Bordeaux 63 Brazil 614s 1 Brazil §%s 192 Brazil 1s, Brazil 8s Bremen St. {Canada 5s 1931 Ca 5. 92 93 101 35% 100 874 98% 9213 3% 93 Chile 65 "61. 9 14 101% 101 Chile 75 1943. Chinese Gov Ry 4 35% 354 Christiania 6s..... 2 101 100 Colombia 6= Jan'61. 12 87% 874 Con Pow Japan 7s.. 1 98% 984 Copenhagen 44553 14 88% 884 88l Copenhagen5sct.. 1 9 95 95 9 109% 109% 109% 1 109% 109': 109% 5 104% 104'% 104% Czecho 8s 1952 Denmark 6s Dutch East I 6s47. Dutch East I 6s 62. El Salvador 8548, Finland 5%s. Finland s { 6 Chi& 111 gn 58 61.. i Chi Gt West4s59., 52 27 107% 107 112% 112! 105% 108 2 971; 971 1 101%: 101% 101% 3 100% 100% 100% 2100 99% 99% Irish Free State 5s. 11 96 Italy 78........cc. 61 97% Italian Pub § 7s 6 951 95% Japanese 4s. . 4 913 915 Japanese 6%8..... 48 100% 100 Marseille 6s. 2 99% 99% Mexico 4s 04 21% Mexico 4 o214 Milan 61s 1L 90% 89% 90% Montevideo 2101 101 101 Netherlands 6s 54.. 13 100% 100% 100% New So Wales 57s., 19 9313 New So Wales38s.. 4 931 9 93 Nord 6%S.....0000 10 1024 1024 102% Norway 551963.... 16 96% 96% 96% Norway 6s 1943, 1102% 102% 102% Norway 65 1944. 11024 102% 102% Norway 6%3 195 1102% 102% 102% Orient Devdeb 6s.. 19 96% 96% 96% Paris-Ly-Med 6s... 20 99% 99% 99% Paris-Ly-Med 7s, 7 103% 103% 103% Peru 6s67 w1 37 83% 88 88 Peru 7s. 12 101% 100% 1007 3 107% 1074% 107% 116 "88% 88% 884 17 97% 9T% 9Th 2 105% 105 105 1 105% 105% 105% 1104 104 104 1 109% 109% 109% 1 103% 103% 1034 8 90% 90 90 10 93% 93 934 14 1024 101% 101% 9 94 93 93 5 105% 106% 105% 16 90% 90% 907 6105 10413 104% 11 105% 105% 105% 3 991, 99 99 29 105% 105% 105% 82 8la Bl% 94% 94% 945 L 90% 904 90% 7 98% 98% 98% 22 104% 103% 104 2 98% 984 98% Sy Mo 2 884 88 88 5 118% 118% 118% 9 103% 103 103% French 7s. French 7% Chi NW 4358 2037 Chi & NW 6%s. Chi& NW 7s. Chi Rys 5s. ChiR1&Prfds... CRI1Pac4lasw Chi T H inc 6s 60. Chi Un Sta 4%48..,. Chi Union Sta 63;s. Chi & W Ind cn 43, C&WI1bl%s62 CCC&StLrfésA. Clev Term b: Cuba R R 5s. Cuba Nor 5% s cts. Den&RioG 4%s36.. D & Rio G imp 6s.. Erie Jst cons 4s Erie conv 48 B, Eriecvt 5567 wl... 40 Erie conv ext 7s.... Erie Genessee R 6s. Fla East C5s T4.... 1 7 Gr Trunk stdb 6s 1 Great North b 1 2 5 1 913 100% 994 21% 21% 5 9 3 4 1 9314 | 5 3 .28 4 % 105% 104% Great North § 2 Great Nor gen 7s... 1. Hav El Ry 5%s 51.. Hud & Man ref 5s Hud & Man aj b: 111 Cent 4% s 66 111-C-C-StL&NO bs. Int Rapid Tran 6s.. 15 Int Rap Tr 5s stpd.. 9 Int Rapid Tran 6s.. 15 Int Kap Trans 7s... 19 Int & G Nor 1st 6s.. 1 Int&GtNor adj 6s 52 3 Int Rys CA 58 72... 10 Int Ry C Am 6s 41 1 Int Ry CA 6%sre Iowa Cent rf 4s., lowa Cent 1st 5s. Kan City Ft S 4s, Kansas City S 3. Kansas City § 5 Kan City Term 4s, Lake Shore 4s 31, Lehigh Val en 4 Long Isrt ds 49 Louis & Nash 7; Market St 7s 40. ‘Poland 7s Poland 8s. Porto Aleg Prague 715 Queensland 2 RhineWst EP 6s'53 RbineWst EP 7s'50 Rio de Janeiro 6%s. Rio Gr Do Sul 8s. Rome 6%s.. Sao Paulo 8s 19 Sao Paulo 1950 Saxon (PW) 7s. Seine 7s 42.... Serbs Cr Slav Serbs Crot Slo 8s Shinyetsu 6%s 5! Solssons 6 Sweden § Toho El Pow Tokio 5s. Tokio 5%s . Utd Kingm §3%s 29, Utd Kingm 538 37, Utd SteamCopen 6: Uruguay 8s. Yokohama 6swi... 25 95% 95 MISCELLANEOUS. Ajax Rubber 8s. 1 103% 103% 103% AmAgriChem 74%s, 2 105 104% 101% AnSmit&R1st5s. 5 101 100% 100% Am Sugar Ref 17 104% 103% 104 AmT & Teltr4s..100 99% 99% 99y AmT&Tecltrs,. 12 104 104 AmT&Ts15s.... 41 106 105% 105% Am Tel & Tel 538, 12 107% 1064 108% Am Water Wks 3s, 11 98 978 97% Am Writ Paper 6 11 85% 85% 83% Anaconda 1st 6 19 105% 105% 105% Anaconda cvdb 78, 27 168% 166% 1 Andes Copper 7s... 24 208 198 2 Armour&Codies 39. 11 92% 92y 92 Armour Del §1s 18 90% 90% 90 Barnsdall 65 1940.. 67 128% 126% 127 Bell Tel Pa5s B 2 104% 104% 104% Bell Tel Pa5sC.... 1107 107% 107% Bethiehm Stl pm §s 12 99% 99 994y Beth Steel rf 5s.... 1 102% 102% 102% Beth Steel 5% 53., 13 101% 101% 1013 Bethlehem Steel §s. 35 105 104% 104% Bklyn Union 5%s,.. 1 3656 355 855 Bush Term Bldg 6s. 2 108% 103% 103% Certaln-Td5%srcts 19 85% 84% '85% Chile Copper bs. 13 95% 95 953 Colon Oil 6s'38. 22 111% 111 111 29 99% 99k 99y 1 75% 6% ‘754 19 106 105% 106 1 102% 102% 102% 3 6% 76 76 3 78 18 ki 2 101% 101% 101% 1 70 70 70 7 103% 102% 102% ceas 72 102% 102 102 Donner Steel 7. 2 98% 98% 98k Duquesne 4365 67.. 4 100 100 100 liast Cuba Sug T%s 15 94% 943 941; Fisk Rubber8s.... 5 111% 111% 111% Jen Cable 51;8°47,. 2 99 99 99 Mot Ac Cor 6s. 26 103 102% 102% Goodrich 63%s. .., 1 106% 106% 106% 105% 9l 80 e arS baNSunS~ wo 102% 97 99 90t 88l 85% 104% 9974 3 . 2 MK&TprinbsA, 7 Mo Pacific gen ¢s... 32 Mo Pac 58 A 65. <1 Mo S8 F 7. 23 Mo Pacific 55 G '78. 31 Nassau El 4s 51, NOT&M 5% N Y Cen gen 3% N Y Cent deb 4s NYCrfim4% NYCentrf 5 NY CentL8 cl 3% NYC & StL deb 4; i s NYChI&StL 5%s B. 14 NYNH&H4 New Haven4s 55.,. 5 NYNH&H4%s.. 16 NY NH&H cv db 6s. NY NH&H clt 65... Y Rys 68 65. . Y State Ry 41 YStateRy 6%s Y W&B4%s or Pac 33 2047..., 4 orthern Pacific 4s. 10 or Pac 4145 2047.. b Northern Iacri6s. 6 Ore Short L rfs 4s. 32 Ore Short L 5s gtd. 4 Ore Wash 1st 4s, Pennsy| con 414 Pennsyl gen 41ss. . Penna R R 4%3'63 Pennsyl gen 58 Pennsyl 55 64 Pennsy) 6%4s. Pennsyl gold Pere Mar 1st 4s 5 Port R L & P bs 42. Reading gen 4343 A RiI0G W 1st 4s..... St L IM&S 4s 29, St L IM&S R&G 43, StL&SFplisA.. ConGasN Y 5% Consumers Pow Dery (D G) 75 If you want to get ahead financially there’s no better way than to systematically save by purchasing guaranty first mortgage bonds at monthly payments. And while you are paying for the notes you are earn- ing 6% with safety. Write for our interest-| ing booklet, The Suc- cess Plan, explaining Guaranty securities. Denominations From $250 Upwards 3 - REALESTATE MORTGAGE & GUARANTY CORPORATION Goodyear 58 rcts... 47 93 92 92 Hoe & Co 6%s 2 88% 88% 8a3% Humble O1l 5s. 15 100% 100 100 Illinols Bell 1st 5s.. 8 103% 103% 103% Indiana Steel 53. 2104 104 104 Inland Stl14%s'78., 6 92 92 92 33 108%. 103 108% StL&SFralksT8. StL&SF prin 5s. SUL & Sown 58'52.. 8 Seaboard AL 4ssta. 5 SeabAL ad) bs 1949, 39 Seab A L con 6s.... 2{ SBAIFIa6sis A, 24 SB All Fla 65 35 B.. 18 Sou Pac 4s 29 . 168 Sou Pac cit 4s 2 Sou Pacific ref 4s. . Sou Pac 43;s rets. . Sou Ry gen 4s...., Sou Ry Con & Sou Ry 6%s. Texas & Pacific 1st, Thira Ave ret 4s 60. Third Ave adj 5s. .. Tol Tr L&) 5%s 30. Union Pac 1st 4s... Union Pac 1st rf 4s. Union Pacific 4s 68. Union Pac 4%s 67.. UnionPaclst ref 5s. Virginia Ry 1st 6s.. VaRy&P5s.... Wbash 4%s 78 rets. Wabash 58 76 B. . West Maryland 4 Western Md 5% s, Wis Cen gn 4s 49 1% 0% 991 90% 92 11 964 15 88% 4 110 122% 109% 657% 61 100% 943% 96% Int Tel&Tel 4% 8 wi307 110% 109% 119 Kayser J & Co 5%s. 12 1285 128 128% 5 1083 103% 103% Kan G & IS 63 52 2 105% 105% 105% Lackawanna Stl 5s. 4 99 99 99 Laclede G 5%s62., 13 104% 104% 1043 Ligget&Myersss5l. 7 102% 102 102% Liggett & Myers7s 1 120 120 120 ManatiSug st T%s. 97 97 Mid-Con 634s 40... 106 Midvale Steel 5s. .. 99% 993 Mont Power deb 5s. 3 100% 100% 100% Mor's&Co 1st 4348, 11 87% 87% 87% NewEnglandTel 5s. 20 106% 106% 106% N Y Kdison bs 44... 14 103% 1033% 108% N Y Edison 6%s... 10 116 116 116 NYGELH&Pbs 20 107% 107% 107% N Y Teld4%s..ocoe. 9 100% 995 100% N Y Tel 65 41. 10 107% 106% 106% North Am Edis bs.. 11 100% 100t 100% No Am ld 5125’63, 37 101% 100% 101% Nor States Pow 6s. 6 100% 100% 100% Pacific Gas & Kl b: 3 102% 102% 102% Pac T & T 5s 52 1 104% 104% 104'% Pan-Amer Pete 9 104% 104'% 104% Paramount 6s 1947, 19 99% 99% 99% Phila Co 55 67 w 1 81 99 98% 98% Phila&ReadC&l &: 7 92 92 92 Philips Petro 6% 2 93% 93% 93% Pierce-Arrow 8s, Pierca Oil deb Por Ric Am Tob Postal Tel & C5%s. 58 94% 94% 94 9 TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Maturity, Bid. ter 1929 9922-32 99 24-32 99 27.32 90 20-33 100 100 3-32 100 7-32 100 9-32 99 24-32 99 26-32 90 24-32 99 26-32 g;{ 3 'g 32 {Fxi ] Capital Resources § 3,400.000 24. JACKSON PLACE Pressd Steel Car 55 24 97 961 97 Public Service 4%s 10 160 160 160 " Punta Alegre . 1 93% 92 92% NEW YORK, December 17 (). —Bos- RemingtonAr 6s32. 3 10013 100'; 100's f ton & Maine Railroad has purchased Rem Rnd 5ls war. 4 93% 93'y 93% | 500 steel coal cars of 70-ton’ capacity at Sinclair O1l 6s. 31 99%; 991 991 cost of $1,200,000 from Standard Sinclalr Ol 6%48... 3 Ig¥s 100k 1004 Car Co. of Chicago. B. & M. Buys Cars. STAR, WASHINGTO CHRISTMAS TINTS PERVADE MARKET Holly and Other Greens in Evidence—Live Turkeys Received. | other greens for decorative purposes during the Christmas holiday season, | coupled with the receipts of live turkeys, gave the local market much of a Christ- mas appearance this morning. Weather conditions probably will hinder the work of dressing turkeys for the holiday market, dealers saying it is difficult to keep the dressed stock in good condition more than three days during weather such as has prevailed | the past few days. Colder weather is predicted for to- morrow, however, and dealers sincerely hope some real Winter weather will be experienced before the end of the week. Receipts of live turkeys have not been heavy, dealers said this morning, and heavy receipts are not expected until the middle and latter part of the week. Prices Slightly Lower. Prices this morning were somewhat % | Jower than last week, indicating, it is stated, a cheaper market than was ex- perienced during the Thanksgiving holi- day season. Live turkeys this morning were quoted at 37 and 38 cents, dressed stock being offered at 40 and 42. Dealers this morning reported a real- ‘ization of the anticipated dccrease in price of eggs, and suggested that prices probably will take another drop or two before the end of the week. Hennery eggs were quoted at 48 and 50 cents this morning, the lowest price the past several weeks, and fresh select- ed ones were quoted at 43 and 44 cents. Current receipts were quoted at 38 and 40, while storage eggs were listed at 32 and 33 cents. Butter prices also took a drop. An easing of meat prices also was re- ported. Dealers reported business the end of last week showed an improve- ment. Business was not so brisk -this morning, however, Monday usually being a dull day with dealers. Today's wholesale prices. prices slightly higher: Butter—One-pound prints, 51a5214; tub, 50'4a51%,; store packed, 30235, Eggs—Hennery, 48a50; fresh selected, 43a44; current receipts, 38a40; storage, 32a33. Poultry, alive—Turkeys, 37a38; Spring chickens, 28; Leghorns, 25; fowls, 26; roosters, 19a20; keats, young, 60a80; old, 30. Dressed—Turkeys, 40a42; Spring Leghorns, 28a30; fowls, 282a30; capons, large, 45a48; 40; ducks, 30a32; keats, young, 80: Meats, fresh killed—Beef, top, medium, 21',a23; common, 17al 25a27; lamb, 28; pork loins, 19; fres| hams, 20p22; fresh shoulders, smoked hams, 25a26; bacon, in tins, 121%; in Live stock—Calves, 13al4. Game—Rabbits, No. 1 grade, 25; No. 2 grade, 15a20. Fruit and Vegetable Review. The daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples—Suppliés moderate; demand light, market steady; boxes, Washing- ton, medium to large size, few very large size, extra fancy Delicious, 3.25a 3.50; Romés, 2.50; Jonathans, 2.00a2.25; Staymans, large size, 2.75a3.00; ‘bushel baskets, Virginia and Pennsylvania, U. 8. No. 1, 215 inches up, Grimes, ‘best, 1.50; poorer, 1.35; Staymans, 1.50; U. S. No. 1, 234 inches up, mostly around 1.75. Cabbage—Supplies moderate; demand light, market steady; New York, Danish type, 90-pound sacks, best, 2.50; poorer, 2.25; 100-pound sacks, best, 2.75; poorer, 2.50. Celery—Supplies moderate; demand light, market steady; California, crates, 6.00a6.50; New York, 2-3 crates, 2.5082.75. Lettuce—Supplies liberal; demand light, market dull; Western stock, Cali- fornia, crates, Iceberg type, 4-5 dozen, fair quality and condition, 3.50; few sales, 4.00; Arizona, crates, Iceberg type, 4-5 dozen, soft, poorly headed, 3.00a 3.25; Southern stock, Florida, 1!5- bushel hampers, Big Boston type, fair quality, 1.00a1.25. Onions—Supplies moderate; demand light, market steady; " Michigan and Ohio, 100-pound sacks yellows, United States No. 1, medium to large size, 5.00. Potatoes—Supplies liberal; demand moderate, market steady; Michigan, 150-pound sacks Russet Rurals, U. S. No. 1, 215a2.25; Idaho, 100-pound ! sacks, Russet Burbanks, U. S. No. 1, 2.40; Pennsylvania and New York, 150- pound sacks, round whies, U. 8. No. 1, mostly around 2.00. Spinach—Supplies light; demand light, market weaker; Norfolk section Virginia, veneer barrels, Savoy type, holdovers, 1.00al.25. Sweet potatoes—Supplies moderate; demand light, market dull; North Caro- lina, cloth top barrels, yellows, No. 1,| best, 3.00a8.50; ordinary quality and condition, 2.00. String bheans—Supplies very light for good stock; demand light, market dull; Florida, 74-bushel hampers, Black Va- lentines, 3.25a3.50. . Eggplant—No supplies on market. Peppers — Supplies light; © demand moderate, market slightly stronger; | Florida, pepper crates, 10.50a11,00. Squash—Supplies very light; demand Jobbers’ quality and condition, 6.00; fair quality | and condition, 4.50a5.00. i Cucumbers—Supplies very light for| good stock; demand slow, market dull; | Florida, bushel hampers, No. 1, or- dinary quality and condition, 2.00a3.00. Peas—supplies light; demand light, | * | market dull; California, 40-pound sacks, | F 6.006.25; Florida, 73-bushel hampers, fair quality, 2.00a2.50. . Tomatoes—Supplies light; demand light, market dull; West Indles, lug boxes, ripes, wrapped, medium to large size, 2.50a3.25; Florida sixes, ripes, | wrapped, fancy count, 500; ¢hoice | count, 4.00. i Striwberrles—slglp!l!s very Ught for | good stock; demand light, market weak; | Florida, pony refrigerators, 1.00al1.10; few 1.25. Caulifiower—Supplies . moderate; de- mand light, market steady; California, pony crates, 1.50a2.00. Beets—Supplies light; demand light, market steady; Texas, crates, 4.00. (Correction: Saturday’s report should baskets”) Carrots—Supplies moderate; demand light, market steady; California, West~ ern lettuce crates, bunched, 3.50. Kale—Supplies light; demand light, market weak; Norfolk section, Virginia, | Oranges—Supplies liberal, ' demand moderate, market steady; Florida, boxes, 3.00; various varieties, No. 1, medium to large size, 3.50a4.00; small size, 2,50. Grapefruit—Supplies liberal; demand light, market steady; Florida, boxes, No. 1, medium size, 2.50a3.00. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (01 ar). . togay. " 154.8665 u.‘fl% “0390% “ | barrels, holdovers, 1.00a1.25, London, pound Paris, franc ¥ Steel | &0 Arrival of Christmas trees, holly and] moderate, market steady; Florida, pep- | per orates; fancy white, wrapped, good | 4, { Bank of o have read ‘“crates” instead of “bushel | D. C. P: D. €. MONDAY, DECEMBER 17 Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 17— Potatoes, white, 100 pounds, 90 sweet potatoes, barrel, 1.50a: bushel, 50a1.50; yams, barrel, 1.50 beans, bushel, 2.50a4.00; beets, 100, 4.00a5.00; broccoli, bushel, 60a75; Brussels sprouts, quart, 10220; cabbage, ton, 40.00a45.00; carrots, 100, 4.00a5.00; celery, crate, 1.50 a2.50; cauliflower, crate, 1.25a2.75; kale, bushel, 50a65; lettuce, hampers, 752 1.50; onions, 100 pounds, 1.2524.50; oyster plants, 100, 5.00a8.00; parsnips, basket, 50260: peppers, crate, 5.5029.00; spinach, bushel, 35a65; tomatoes, crate, 1.2583.50; turnips, basket, 35a35; Savoy cabbage, bushel, 40a90; apples, bushel, 75a2.00; cranberries, box, 4.25a5.50; grapefruit, box, 2.00a3.50; oranges, box, 2.25a4.25; tangerines, per half strap, 1.75a2.00. Live Stock Market. = Cattle—Receipts, 600 head; light sup- ply, market steady; steers, choice; 13.00a 13.50; good, 12.00a12.55; medium, 11.00 a11.75; common, 9.00a10.50; feeders and stockers, 9.50a11.50; heifers, choice, 10.75a11.25; good, 10.00a10.50; medium, 9.0029.75; common, 7.5029.00; feeders and stockers, 7.50a9.00; bulls, good to choice, 9.50a10.00; fair to ‘good, 8.00a 9.00; common to medium, 6.00a7.50; cows, good to choice, 8.5029.00; fair to good, 7.00a8,00; common to medium, .0026.00. Sheep and lambs—Réceipts, 2,500 head; moderate supply, market active; sheep, 2.00a7.00; lambs, 8.00a15.00. Hogs—Receipts, 3,500 head: fair sup- ply, market higher; lights, 9.40: heavies, 9.2529.50: medium, 9.55; roughs, 6.75a 850; light pigs, 17.50a8.50; pigs, 9.90; ‘Western hogs, 10al5 higher than quo- tations. Calves—Receipts, 400 head; light sup- ply, market slow but steady; calves, 5.00a16.50; no extras. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, spot, 1.31%; December delivery, 1.31%. Corn—No. 2 export, December deliv- ery, 98; No. 2 yellow, 98a99; cob corn, 4.7524.80. Oats—No. 2 white, domestic, spot, 58a58%2; No. 3 white, domestic; spot, 56a57. Rye-—Nearby, 1.10a1.20. Hay—Receipts, none. 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 various kinds on merit at a range of 16.00a18.50 per ton of timothy and clover ha; Straw—No. 1 wheat. 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. Dairy Market, Poultry, alive—Young turkeys, pound, 35a38; old, 32a35; crooked breasts, 25; Spring chickens, 20a28; Leghorns, 20a 25; old hens, 20a27; Leghorns, 20; small and poor, 18; old roosters, 17a18; ducks, 22a25; small and poor, 18a20; geese, 20a25; - guinea fowls, . each, -40a80; pigeons, pair, 30. . Dressed poultry—Turkeys, choice to fancy, pound, 38a40; fair to good, 35a 1 37; old toms, 33a35; poor and ecrooked breasts, 25; chickens, young, 27a28; old and mixed. 24a27; old roosters, 17a18; ducks, 25a28; geese, 22a28, Receipts, 724 cases; native and nearby selected whites, free cases, dozen, 43; firsts, 40; current receipts, 38. Butter—Good and fancy creamery. pound, 48a54: prints, 54a56: blocks, 52a 54; ladles, 38a40; store packed, 34; orocess butter, 43a44. Washington S_fock E;change SALES. Washington Gas 55s—$500 at 1031, Washington Gas 6s “A"—8§200 at 1047}, $100 at 10415, Washington Gas 6s “B"—$200 at 10! Chestnut Farms Dairy pfd.—5 at 1061 Merchants' Bank & Trust Co.—4 at 158, Columbia Sand & Gravel ptd.—8 at 93. Mergenthaler Linoty 5 at 104z, 10 at 10415, 10 at 10435, 3 National Mtge. & Ins. pfd.—20 at 5%, AFTER CALL. W;;gx/lngton‘Rwy. & Electric pfd.—5 at o Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel. Telga. 4% Amer. Tel. & Telga. 4lus Am. Tel. & Tel. ctl. tr. 5s Anacostia & Pot. R. R. §s C. & P. Tel. of Va. Cap. Traction R. R. Olty & Suburban 5s. Georgetown Gas 1st’ Potomac Elec. 1st 5s, . Potomac Flec. cons. Potomac Elec. 63 1953 Wash., Alex. & Mt. Vernos \‘\XI,:A;;A' ,l‘."l‘b& A,"nnn. 5 Wash, ‘Gas 6s ash. RWY. lec. 48 Wash. Rwy. & Elec. gen MISCELLANEOUS. Barber & Ross, Tne. 61s...... Cham.-Vanhit. Hotel 61 Chestiut Farms Dairy Chevy Chase Club 5las C. Paper Mfg. @s ... Pot 'Joint Stock Ld. Bk. Wash, Mkt. Cold forge 5s. Wash' Cons, Title Co. 6s.. 100 Wardman Park Hotel $i38°.00 STOCKS. PUBLIC UTILITY Amer. Tel. & Telga... Gapital Traction Washington Gas Norfolk & Washi Potomac Flec. 67 b Potomae Elec. 5'.¢. pf Wash, Rwy. & Flec. com. .. Wash! Rwy. & Elec. ptd. . NATIONAL BANK. Nation, ol v Gonmmin O ) Kommereial . istr Federa) Liberts Lincoln ationa RES Second | National 1-AmeFican Metropolit Bank of Washington. 305 TRUST COMPANY. & Trust Co.. Ly National Savings & Trisi avings Tnion Trust. .. oo Wash. Loan & Trust [ [!!lll! SAVINGS BANK. Bethgsdn . e & Savirig: mer. Sec Continental Merchants' & Seventh Stree United States. Washington Me American Corcoran . Firemen's ional” Union. Nati . TITLE INSURANCE. Columbta Title Real Estate Title g Title & Tnv. Co. of Md. com Wash. Cons. Title pfd.. .... MISCELLANEOUS. Barber & Ross. Inc.. com: Chevy Chase Dairy pfd.. Chestnut Farms Dalry coi Chestnut Farms Dairy pfd. Col. Sand & Gravel Commercial Natl. . Paper Mfz. pfd... Securities pid. . ans \Morchants’ Tran. erch, Trans. & 8 ergenthaler 'Linotype. ... Natl. Mtge. & Inv. pfd Peoples Drug Stores pfd Security Storage ...... 8% extra. 150 cents extra. R $12,300,000 for Advertising. NEW YORK, December 17 UP).— rican Tobacco Co. has appropri: :fi? $12,300,000 for direct advertising | of its principal brand of cigarettes. More than half of this sum will be allotted to newspapers. : Bl A PORTLAND, Ore.—The Pacific Coast is facing an acute shortage of oysters, aceording to reports from the Columbia district, whence most of the supplies come. STOCK PRICE INDEX ‘REGISTERS SLUMP Al Industrial Stocks Undergo 7 Per Cent Drop During Week. Special Dispatch to The Star. NEW HAVEN, Conn., December 17.— Prices- of all industrial common stocks | listed in the New York Exchange un- derwent a 7 per cent drop last week. The index of 165.5 fell from 178.4 for the previous week. All groups suffered declines. ‘The stores index fell to 207.1 from 228 through recessions mainly in Sears Roe- buck, National Bellas Hess and National Tea, and the motors dropped to 272.7 from 295.8 by losses in General Motors, Yellow Truck and Chrysler. Coppers slumped. to 209.1 from 224.2 via Cerro eral Mining & Smelting price declines, while the oils, auto accessories and mis- cellaneous stocks, including Houston, Sun Oil, Pan-American B. Timken Rol- ler Bearing, Stromberg Carburetor, Radio, Dupont and International Har- vester fell in varying degrees through- out the week. On the average, first-grade industrials suffered the smallest setbacks. Last | week’s index of 168.6 represents a 7 per cent fall from 180.8 for the previous week. Second-grade industrials fell 9 per cent to 152.8 from 167.1, and third- grade issues slipped 9 per cent to 160.3 from 177.6. The price index of the 50 common in- dustrials most actively traded last week fell off 9 per cent from the previous week's level. A compact survey of Stock Exchange movements is given below by indexes and per cent of return: | Stocks Week ended— . December 14 December 7. Stocks Rate of held. return. average.. September average August average July “average. . April “average March average. . February averag FINANCIATY Special Dispatch to The Star. NEW HAVEN, Conn., December 17.— Repeating its previous week’s action, the wholesale price index of commodities, as computed from Dun’s quotations, fell away again, this week three- tenths of a point lower, to 96.8, the lowest since the third week in Febru- ary last. In conformity with this fall- ing off, the dollar’s purchasing power was up three-tenths of a point, reach- ing 103.3. English commodity prices, meanwhile, were sagging in the same way, but on a lower plane in relation to the 1926 base, going from 93.0 down to 92.8. Fluctuations in the general wholesale price level and in the purchasing power of the dollar are given below for vari- ous periods. The average for the year 1926 is the base used. Whole- Purchasing sale power: cts. rice departure index. from 1926. 33 133 Week ended— i September ve‘r. de Pasco, American Smelting and Fed- | sy e . 193 aversge 1925 average . 1924 average 1923 average Forelgn Prices. Cables from Europe report foreign wholesale commodity prices as follows: (1926=100) England Prance Italy 928 T ago November average .. October _average . ptember average August_average 0il Rate Established. NEW YORK, December 17 (#).— Gulf Pipe Line Co., subsidiary of Guif Oil Corporation, has established a flat rate of $1 a barrel for High Island, Salveston County, Tex., crude oil, which has heretofore been on gravity basis and purchased at around $1.27. [EREHEET Cudahy Packing Co. Profits. NEW YORK, December 17 (P).— January average. 1927 average. 5. 1926 avera; © 100 X X High ('26,27,48) 655.2 i X Nov'28) (Nov'29) (July26 Low (2627,28)........ 156 2 2.4% (Apr'26) (Apr'26) (Nov'28) Stock Trading Down. Last week’s trading on the New York Stock Exchange again reflected less a tivity, the average daily trading value in common industrials of 341 millions of dollars representing a 1 per cent fall from 346 millions for the previous week. Diminished turnovers in oils, auto ac- cessories, foods, public utilities, rails and miscellaneous stocks overweighed re- newed vigor in motors, steels, coppers and stores. Daily trading in oils fell to $24,- 700,000 from $30,300,000 for the pre- vious week, mainly because of relative inactivity in Standard Ofl of New Jer- sey and Atlantic Refining. Auto ac- cessories turnovers dropped to $10,- 400,000 per day from $11,900,000 via slumps in Murray Corporation, Electric Auto Lite and Kelley Springfield, while food turnover slumped to $12 200,000 daily from $19,700,000 vai fewer Kroger Grocery, National Dairy Prod- ucts and Standard Milling shares changing hands. Increased motors trading of $95.- 500,000 “from $82,600,000 per day was accountable to interest in Packard and General Motors, and steels rose to $23,- 800,000 from $17,500,000 via Bethlehem, United States Steel Ing Youtngstavlm activity. Coppers pegged up to - 400,000 per day from $33,000,000; trad- ing in Anaconda and Greene Coppers showed an increase. ‘“Trading of all stocks, lnclud(nwub— ¢ utilities, rails and preferreds, showed on the whole an 8 per cent decline from the level for the ‘)revlous week. “ (Copyright, 1928, by Irving Pisher.) I iyt vt SESERECSE0SHIRNSIR S B A RS & Dt FARM BUYING POWER. ~ Agricultural Dollar Sags Sharply During Last Week. Special Dispatch to The Star. NEW HAVEN, Conn., December 17.— Reversing their action of the previous week, farm prices, and therefore farm urchasing power, fell off noticeably fiiat week, t?; former eight-tenths of a point to 96.6, the latter one and three- tenths points to 99. Meanwhile the non- agricultural prices showed an advance of four-tenths of a point to 975. Live stock quotations showed beef steers and hogs on the decline and lambs higher. Of the textiles staples, cotton was frac- tionally lower and wool 2 cents more a pound. Corn contributed to the general decrease in prices, as did eggs, although higher prices. Index numbers of farm purchasing power and of agricultural and non-ag- ricultural prices for various periods are given in the following table in which the average for 1926 represents 100 Farm Asgricyl- Non-Agri- Purchasing "fural cultural Power Prices Pri Week ended— Dec. 1 9.0 3 0 1 9 9 o ] 6 4 3 33 1 8 100.0 100.0 100.0 O opyrighit, 1928, by Irvimg Fisher.) CHICAGO LIVE STOCK MARKET CHICAGO, December 17 () (United States Department of Agriculture) — Hogs—Receipts, 48,000 head; fairly active, mostly 15a20 higher; top, 8.90; largely an 8.80a8.90 market for good and choice 180-300 pounds; butchers, medi- um to choice 250-300 pounds, 8.6028.90: 200-250 pounds, 8.60a8.90; 160-200 pounds, 8.50a8.90; 130-160 pounds, 7.90a 8.40; packing sows, 7.75a8.40; pigs, me- dium to choice 90-130 pounds, 7.00a8.25. Cattle—Receipts, 12,000 head; calves, 3,000 head; fed steer trade 25a50 higher aon a forced market; shippers buying stimulating _advance in face of very limited receipts; she stock mostly study to strong; other classes largely steady: early top yearlings, 16.90; some held above 1?.00: slaughter classes, steers, good and choice 1,300-1,500 pounds, 12.75a16.50:1,300 pounds, 12.75a16.50; 950-1,100 pounds, 12.75a17.00; common to medium. 850 pounds up, 8.75a12.75: fed yearlings, good and choice 750-950 pounds, 12.25a16.50; heifers, good and choice 850 pounds down, 11.00a14.00; common and medium, 7.50a11.00; cows, good and choice, 8.00a10.50; common and medium, 6.50a8.00; low cutter and cutter, 5.50a6,50; buils, good and choice b 9.25a11.25; cutter to medium, 7.0029.00; vealers (milk fed), good and choice, 11.50a13.75; medium, 10.50a11.50; cull and common, 7.50a10.50; stocker and feeder steers, good and choice (al! Weldc‘hls),' 215(:'113121151475; common medium, 8. X Sheep—Receipts, 17,000 head; fat lambs 25 higher; good to choice, lightly sorted, . 14.00a14.75; feeding 7! 12.50; ewes, medium 150 pounds down, 5.50a8.00; cull and com- mon, 2.25a6.00; feeder lambs, good and choice; 13.00a14.25, —_—— » xmuuio ;:jrrv.—uoru' e mn 13 progress reorganize United Clay Products Co. The = zhh;: ‘of the concern have been sold under a ucuonee:&ohmmrwlm \ | Cudahy Packing Co. of Chicago earned in the year ended in October $4.68 a common share against $4.18 in the pre- ceding year. A 4story brick building with 2 freight elevators. REALTOR - it 14 FOREIGN MARKETS AFFECTED BY SLUMP Drop in Wall Street and King's Tllness Have Depressing Influence. Special Dispatch to The Star. LONDON, December 17.—With anxi~ ety concerning the King's iliness con- tinuing to completely dominate the financial situation, the great slump in Wall Street injects another depressing influence on the general trend of the markets. ‘The first considered is e check against boom conditions chiefly affecting British funds and the other high-class securities, while the Wall Street breaks have affected industrial speculatives, especially those dealt with on New York account. Thanks to the caution displayed on this side of the Atlantic, it may be doubted whether losses sustained by the investors and speculators here have been severe or have extended over a wide area during the American slump. The London Stock Exchange is now at a period of the year when there is usually a slackening of business with a tendency in many directions to effect realizations, in view of the forthcoming balance sheets. The success of the Ford Motor Co. in getting its issue of 2,800, 000 shares of stock many times ov. subscribed is perhaps the most remark- able event in the capital market this year and, in the congested state of the new issue market, a telling success. Further circumstances which have had considerable effect upon the gilt- edged markets have been the persistence in the drain on gold from this country Germany. (Copyright, 1928.) Crude 0il Production. NEW YORK, December 17 (#).— California crude oil production aver- aged 695,900 barrels daily in week end- ed December 15, an increase of 16,900 barrels daily over preceding week. NEW YORK BANK CLEARINGS. NEW YORK, December 17 (Spe- cial). —New York bank clearings, $960,.- 000.000; New York bank balances, $253,000,000; New York Federal credit balances, $219,000,000. SILVER QUOTATIONS. NEW YORK, December 17 (#).—Bar silver, 57. Mexican dollars, 427,. One-half Square from Connecticut Avenue 70,000 Sq. 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Many of our clients give one or more of our First Mortgage Notes to those whom they hold dear, for this gift is lasting, stable, and twice a year brings an emissary, in the form of an interest check, to remew the greetings of Christmas. And the fact that these notes can be purchased in denomina- tions of $100, $500 and $1,000 makes them available for any purse. awaiting you. They are here, now, SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET N.W. / WASHINGTON D.C,