Evening Star Newspaper, December 28, 1928, Page 13

CUR STOCKS RISE INWAVE OF BUYING Speculation for Advance Continues—Utilities and Mine Issues Strong. BY WILLIAM F. HEFFERNAN. Bpecial Dispatch to The Star. NEW YORK, December 28.—The speculative element came into the mar- ket for curb stocks on the buying side | today.. Practically every group was| represented with a new high record for the issue selected for leadership. So far | a8 the money ‘strain was concerned the consensus of opinion was that it would be only temporary. and its effect was llkely to spend itself after today's ses- | F‘edtl‘fl Water class “A” led lhe utilities, establishing a new high at 57, | but was followed closely by Elsctric | Bond & Share securities, one of the leading holding companies. North- eastern Power went along but the im- provement was not as pronounced. In the mining group New Jersey Zinc extended its 1315-point gain of Thurs- day more than 11 oints, carrying the price to a fresh peak at 294. The fav- orable statistical position of the lead | and zinc markets was a factor in the speculative calculations regarding the outlook for future earnings of this class of companies. Newmont Mining, selling ex-dividend 8! quarterly and 5 per cent in stock, T a deduc from part of the amount ne price. ‘The spectacular Ford Motor, Ltd. for the first time since trading started in the issue, was an exception to the neral trend. Heavy selling made itself glt carrying the price close to the 18 level as eompnred with the final of 233, and the recent MY, F!reamno Tire at 250 gained almost 9 ints to & fresh peak. The oils were by Vacuum, which went to its best »ou 102. The uj in Deere common, which ourried it to its best around the 600 level, wu coincident with merger ru- mors. U. S. Freight was another spe- clalty favorite, Baltimore Markets Special Dispatch to The Star. revious Pien ot sweet, potatoes, barrel, T5a1. 5!‘)” yams, barrel, 1.75a2.75; bea: bushel, 3.00a4.00; beets, 100, 4.0086. broceoli, bushel, 60a75; brussels sprou quart, 10a20; cabbage, ton, 30.00240.0f NEW YORK, December 28.—Follow- ing is a list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIALS. b th. Low. Noon, Sales in hundreds. 1% 1% 21 Acoustie Prod. 19 Em Pow §Evans Wall Le: 9 Falrehiid Avisin A.. 3 3 | Sstes 1n 3 Grigsby Ground ity 138 Hai 37 Hira W.. 8 3 Hoy u"\wla rlmnca ot & LY earrots, 100, 4.0025.00; celery, cra 1.50a3.00; cucumbers, bushel, 4.0088.f lant, crate, 5.00a8.00; kale, bush 5; letdt:n:e, ‘bous‘hfielo‘ 7581.5 e lwmn.l 24.50; peppers, crate, too-a squash, crate, 4.0085.00; ubbqe bushel, 75090; spinnch Imshel 50a75; tomatoes, crate, 2.003 4.00; turnips, basket, 25835. Apples, hushel 1.00a2.00; cranberries, one-half box, 8.00a10.00; grapefruit, $ox, 2.00a4.00; oranges, box, 2.50a4.5C; tangerines, one half strap, 2.0083.50. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, #pot, 1.29; December dellvery-.lz! Corn—No. 2 export, December de- Hyery, 9912; No. 2 vellow, 1.01a1.02; cob eorn, '4.7584.85. ‘Oats—No. 2 white, domestic spot, 57) ,nsl. No. 3 white, domestic, spot, cheurby 1.15a1,,25. gy—mcelgn none. While hay is arriving here ‘limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, faw carloads being received. There is not enough business ing to establish prices on the vari- ous kinds on merit at a range of 15.00 21750 per ton of timothy and clover A raw—No. 1 wheat, 110081200 per fon; No. 1 oat, 12.00a13.00 per ton. Dairy Market. “Live poultry—Turkeys, pound, 40a45; -old, 33a38; Spring chickens, 20a28; Leg- Thorns, 20a25; old hens, 22a30; 'Leg- horns, 22224 small and poor, 20; old roosters, 17a20; ducks, 25a30; smhll 2 geese, 25a30; guinea fowl, each, 40a8( , , 30. try—Turkeys, pound, 40 #45; old, 35a40; young chickens, !0-3 old and mixe 25a30; old roosters, 2 ducks, 25a30; geese, 24a30. Eggs—Receipts, 2,207 eases; native @nd nearby, free cases, dozen, firsts, 42; current receipts, 40. cy, creamery, Butter—Good to fancy, ind, 48a53; prints, 53a55: blocks, 1a53; ladles, 38a40; store packed, 33; process butter, 43a44. e e SISTER DENIES GIVING MONEY TO WRIGHTS Mrs. Haskell Disclaims Aiding Or- ville and Wilbur in Early Aviation Experiments. KANSAS CITY (#)—Mrs Katharine Wright Haskell, sister of Wilbur Wright, wants no credit for giving financial as- sistance to her brothers during their early experiments in aviation. ‘The reason, stated in her own words, I this: “I never gave my brothers any finan- ol aid.” Despite her reiteration of this state- ment, the belief persists that she financed the Wright brothers when they | built the first airplane. ‘woman in Maine, suggesting to a New York newspaper that a congressional medal be awarded to Mrs. Haskell, asked: “Did her faith in her brothers and financial aid count as nothing in their experimentations?” Although she lent them no money, she did give the brothers invaluable encouragement, for which they have expressed their gratitude. “When the world speaks of the ‘Wrights,” Orville once said, “it must in- clude my sister. Much of our effort has been insnired by her.” Katharine Wright, a graduate of Oberlin_College, formerly taught Latin !n the Dayton, Ohio, High School. She a member of the board of trustees 0‘ Oberlin College. Her husband, Henry J. Haskell, also an Oberlin graduate, is aditor of the Kanm cny Star. LOAN DIVIDEND VOTED. ALEXANDRIA, Va., December 28 (Special).—A 6 per cent dividend has been declared by the People's Building & Loan Association, payable January 1. The association will hold its annual meeting January 8 at the compeany's office, 113 North Wn!hmgwn street. Little Auks Caug}\t With Nets. More than 100,000 little auks, birds #0 stupid they cannot tell the differ- ence between a man standing still and @ pile of stones, were observed on Hi luyt Island in the Arctic Ocean by Dr. R. M. Anderson, Canadian government Dolopm on an expedition into the :: two-year 5!, per cent gold notes ma’ red 4. (4] mfiburlnl January 1, 1030_to I ot 3 2ok g 227 B : 2 BuZSesnbanunium, R 2 F SR SR BT ¢ 5 % | Elsenberg & 12 Zonite Recently a | Sale s in hundreds. 10 Ariz Gl - obe C. [orrtrey 8a, ot W Hughes 31 Ui, Verde Utah Apex 4 Wendon Oop Sales IND) 2 funareas 9Am Con Oilfids AR Sotecaibe co 1 Argo 14 Barnsd_deb 16Carib Synd % | Fadden of Beaumont for $1,000,000. n v:;:':’udhn %n : T Far North last Summer, says the Popular Mechanics Magazine. Taking advantage of the birds’ stu- pldity, the natives catch them by sweeping them up in the ordinary land- nets used by fishermen. The little lt-:gd l.i?kfln&, lrrmmm:h Jhc quin, and, like their larger relative, E. in’ lines of almost martial. array. 8300 A lo Am ofl, . 0 non vic. THE FEVENING STAR, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 298 3 e 2353222288 i .ua 999000009003 > 2955 £ ..-n w.:.._?_..s:s:::z:agzsazzss S35 e FEF wooseSSnos! ersiate pow’ 85 B, & 8ns Sn‘A 4 108 =E’S§:‘:}_‘§‘:‘5‘§“=‘ Sresase o, 9613 t Co P I 48 D 7’ o7’ 1 Mont War B G 85 A- mm 1013 e £.0 0 (R0 g 5 Nathan Strauss i No B Ber & Rail 3k Westarn Pow 813 ’hzm i 1Wheel 8ti 4%s B .. ‘;V- FOREIGN BONDS. 4 | the local administrator in s WASHINGTO GRITICS MISS POINT, MILLS DECLARES .|Winner of Prize Says Doran and Campbell Fail to See Issue. By the Associated Press. GREEN FALLS, Conn., December 28. —The fundamental poits of his $25,- 000 prize plan for making pxchllmbn en(oreemenc effective are missed by Prohibition Commissioners John W. Doran and Maj. Maurice Campbell, prohibition administrator for New York, according to their criticism of it, Maj. Chester P. Mills of Green Farms, the care to comment on the criticlsm of either Mr. Doran or Mr. Campbell,” Maj. Mills said, “except to say that I regret they dealt with only one phase of the plan submitted and that was used as an example, illustrative of a method of control of one source of sllpg]y of illegal liquor. 'hey miss the fundamental points of the plan, which, concisely, I'd say are the establishing by each prohibition administrator in the country of all of the sources of supply in his district and giving this information full pub- Meity, lnd, following release of that in- formation, to give periodically the same publicity to the accomplishments of suppressing each of the sources in his district. vary in each The sources of suppl; fi’ A sec o district und vary in country.” BY KENNETH 8. VAN STRUM. NEW YORK, December 28.—The speculative community was completely fooled when stock prices rose sharply in the face of the high money rates ex- Yecm to prevail toward the year end. [t was the menl opinion that though December stocks would remain steady around the low levels of the recent reac- tion and that a broad upward move would not begin until easier money came after the first of the ynr stocks continue upward through Jan- uary, as is widely anticipated, m i will be rising into new high ground, the last few days the general rnnrket has advanced close to record levels. A further sharp rise in stock rlces means that hmkera‘ loans will sr crease i ‘pldly and that high cal moncy rates will probably remain. Bankers do not velwmo the thought of a fur- ther rise in brokers’ loans. Banking oplnlon seems to be that the stock mar- ket has been absorbing more than its "2 | share of credit. It is pointed out ihat yiWhen lesied. SwoWith watrants. New Bond Issues Special Dispateh to The Star. N!W YORK, December 28.—Halsey, tuart & Co., olrMAylnluuuo{, ‘ll 000,000 sfate Line Generating Co. turing December 1, 1930, priced at 99.10, to yield 6 per cent. N York, (G1ty of of Buftaie) cupon , New 3 cou) 4.26 per cent gold bonds to 1062, is by Roosevelt & Schmidt & gnmw I A AIES o 4,58 DRt oo Mail Order House Expands. NEW YORK, December 28 (#).— National Bellas Hess Co. of New York and Kansas Oity, mail order house, has acquired Kinnear Stores Co.'s chain of 23 units opera in the Middle West. ‘The Kinnear chain does nearly a $4,- 000,000-a-year business. Stock Increase Voted. NEW YORK, December 28 (#).—Mar- mon Motor Oar Co. of Indianapolis stockholders have approved increasing common stock to 400, no par shares from 200,000, Directors are offering | PIac! shareholders of record January 7 nqhh to subscribe to 60,000 additional shares at $55 in ratio of 3-10th share for every share held. Buys Baltimore Store. NEW YORK, December 28 (P).— American Department Stores Corpora- tion today announced acquisition of A. Co. of Baltimore, which handles popular priced merchandise; as the el.huenth unit of the American chain. The store will be operated in m g;eunt location by a lubsmhry own as the Eisenberg Co. SILVER QUOTATIONS. NEW YORK, December 28 (/).—Bar silver, 57%; Mexican dollars, 43%. L b Radio Firm Profits. NEW YORK, December 28 (#).— | an Grhby-Or\maw Co. of Chicago, radio manufacturers, ended the six months on November 30 with profit of $3,000,785 before Federal tax reductions, Inst. ml’-llo:" in the corresponding 1927 period. Commodity Notes Grain. ST. PAUL, December 28.—Rye sown this Fall in Minnesota showed a de- crease of about 22 per cent, as com- pared with the Fall of 1027. The total acreage was 349,000. Condition is placed at 89. There were 195,000 acres of Winter wheat sown. Livestock. FORT WORTH.—Seven thousand five hundred steers, 3 years old and up, which have been grazing in Uvalde County, have been sold to Perry M All are for Bprlnl delivery. Automobiles. OAKLAND, Calif.—More than twice as many new passenger automobiles were sold by local dealers in the last month than in the corresponding period of 1927. The increase amounted per cent. Packing House Products. CHICAGO.—Holiday dullness is fast- ened on the g business at the moment. Forelgn business is good, but the d for beef has been curtalled 107 g instead of surplus credit finding its way into business expansion and permanent | T investments it has been more profitable to lend in the call money market at high rates of interest. i Banks Lose Control. Thus in April and May, when the réserve banks began to cut down their loans to brokers, “other” lenders flocked in to take udvlnule of the high money rates. Today these private, non-bank- ing lenders, contribute such a large part f brokers’ loans that the banks have lost their direct control over the ing of brokers’ credit. Unlike the these private lenders have no respon: sibility to apportion credit oqummy he- tween business and the security mar- kets—they lend to whoever will pay the highest price. And the stock market successively has become accustomed to p:yln( 5 per cent, 6 per cent and even 10 per. cent for its credit. It flnnly did rebel at 12 per cent call ‘money, but now it may even have be- come hardened to that rate. ‘The chart shows the monthly lvmr rate on brokers’ loans for the past years, Call money rates, shown k, are more erratic than time money nm. ‘which are represented by the o n Both rates -fluctuate toge! o!ole and at the present time lnvkuu are Mddln 8% W cent for the use of money for 30 days,' 7% for 2 w l months and 7% for'5 to 8 months, wi little mnery available even at t| figures. is quite evident that high ‘money nm are anticipated for some time into the future. Reserve Banks May Act. Repeated statements of high author- itles lnmcnto that the reserve banks do not belleve that it is for the best be | interests of the country that brokers' loans continue to expand. But they h:ve gone almost to. the end of their ‘They have tightened the credit mumon by selling Government securi- ties held by the reserve banks and by raising the rediscount rate. On the other d, they have felt the necessity of help business borrowers by sup- market for bank accepte cel. 1t is almost impossible for hnh to extend credit for business without part of the credit flom into speculative channels. If the reserve banks wish to curtail the suj y ot funds for speculnuve pu one more path em: Ruma banks are not ah to extend credit to member banks, law only says they may do so. 'nlu! the reserve au- thorities can scrutinize their business credits more carefully with a view to restricting borrowing and making sure that reserve credit is not being used to ald ex%lnslnn in the security markets. Mlny ankers believe that the reserve will follow this procedure for the rmrve authorities seem fully convinced that a less rapid increase in brokers' 101:115 would be for the best interests of all. (Copyright, 1928.) Noises Destroy Health. J" t anti-noise movement has spre: thmulhmlt England and the effort is made to suppress or at least redue- of them due to the im ing etp.cny throug! England amounts to irment in ml- noise ths cannot be estimated. The statement is made Q.\nt although a person becomes accust to a noise and does not appear to xmflu it, there is still a very serious effect for a week by the sales of of to the various sorts. v ‘Wool. BOSTON.—Woolen mills are buying little but pulled wools at the moment. Growers holding a million inds of Texas 12 months’ vool hnve iven aluht meemm without Mexico has now 159 cotton mills em- "_ ploying 41,238 lines h their rut of de; 0 | sacre,” there is at least one prominent hm hoe t . U INDUSTRIES CLOSE SUCCESSFUL YEAR Production Is Resumed at Mines and in Other Lines. Prospects Good. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 28.—Indus- trial activity of necessity dr:rped as the year drew to a close, th two major holidays and the minor ones which workers took of their own accord and at their own expense. But the vast majority of businesses are now closing one of the most successful years in hrnwory and there is every evldenu that the next six months will see the record of activity fully maintained. It was only today that the full swing of production in mines, mills and fac- tories was resumed. The anthracite mines had a full quota at work today for the first time since last Friday. Steel mills also were affected, although to a lesser extent. Work was only slightly checked in the metal mines, especially the copper properties, and in the lumber camps, which were well IW‘I_V from the attractions of the larger cities. Building Activity. Builders had their men on hand early to take full advantage of the favorable weather which obtained in many sec- tlons. The work of the extra clerks hired for the holiday trade in the re- tall stores is practically over. Some establishments let their extras go Tues- day night, but others who had spent time and money training these work- ers are holding them over until Sat- urday night in an effort to consolidate the good will which has been estab- lished and to have a force available at short notice. ‘The preparations for the annual Jan- uary white sales are in full blast, with packing cases crowding the unloading platforms of the larger stores. ' The exodus to the Southern resorts will start in immediately after the turn of the mnnd buying of wardrobes will be for the next two weeks. Schedules have already been outlined for the major industries for the coming quarter. The automobile industry plans fo turn out approximately l.mm cars and trucks in the next three months. Selling that number will be a difficult task, but by no means an impossible one. Competition will be very keen, as price cuts announced this week have foretold. Steel Production. Steel production may reach its pnk in March or April, although this it was Fall before maximum oul was reached. mand is am quarter of 19 total piled up lut ynr, but lunu clon- ly Tgprmh it. ¢ farmers spent freely at Christ~ mu time, but their nu are not hat.y at the start o is due mnly M dairy” and live stock industries in the West and the improvement in the statistical and tfleu position of cotton in the Sou umbérmen are olmmmh and_with reason, sincé demand has been main- tained at a period when & slump usual- ly asserts itself. Two industries are being warned against overconfidence. These are oil and rallroad u‘:ipmmz ‘The new gushers are bringing a huge volume of oll to the auflm and the equipment show only hesitant nwvu wtu:: n. u ln ng but umlumry to American even m: m lnud-vnleoa ald ot Board, is distinctly a trailer bel foreign lines. Other Industries. The radio manufacturers have not uuht up wml ordm and neither have the rayon mills. g_cp-r mills have apparently overrun the! uarry, but so many of them are selling power as well as paper that their financial position has been comparatively little affected. ‘The real estate business is prospering. el it “OLD TIMER” FOUND WHO WAS NOT WITH CUSTER «“Bill” Bachtell, Veteran, Explains Longevity by Desertion Week Before Massacre. ARROWHEAD SPRINGS, Calif. (#). ~—Although there may be no appreciable diminishing in the number of pic- turesque old claimants to being the “sole white survivor of the Custer mas- ot m figure of frontier days whose bid for g“n‘\e includes the boast he was not with “Old BiIl' Bachtell, veteran of the federate Army at Antletam and Oottylbum explains further that his hn;emy due, not to the years he t in the open air, but to the 5 it he deserted the Custer com- many “I came West for excitement,” Bach- tell relates, “and joined Custer, but evernhl.u was so quiet that one night 1 pacl my horse and left. Just a vuk hur !minl Bull and his warriors wiped out the entire comm Born in Virgnila, “Old Bill” after the Civil War prospected for oil with Grand Duke Alexis, uncle of the late czar, rode with “Buffalo Bill” Cody, and hunted gold with Collis P. Hunt! ‘While many of his old cronies went on to wealth or fame, Bachtell has on looking for the “pot of gold.” intervals he still tramps into Arrow- head, pockets loaded with bits of rock, still opumum that the “lucky strike” lies just ahead. —_— TOWN REFUSES TO MOVE “COLUMN WITH A CURSE” Pier of Old Market House Remains Where Left 46 Years Ago. AUGUSTA, Ga. (#).— Sentimen which for 46 years has allowed "nu column with a curse” to stand in the middlo of a nuawllk, won out reomuy o’nm made prac lhh the NMVIY‘ he queer nuc o( & tornado’s fu ‘The eolumn, once the pillar of the city market house, has stood at Broad and Center nmu ever since & 'orudn hit Augusta in 1878. Old citizens that an itinerant minister, uhl.mlng me gift of proj icted that the bu one of the big pillars supporting market house would be left ltlnd.lnl and declared that any attempt to move the pillar would be fatal; that the per- nnwhomednwo\llabcnnwkw As it happened, a tornado hit this town the next day and only one pillar ot the market house was left standing. Some years ago city officials said the piller would have m be destroyed Baltimore Firm Expands. NEW YORK, December 28 (P).— Commercial Credit Co. of t‘dm has uired American Co of Gmana. and basiness of URIon Becuge {ties Co. of San Antonio, Tex, FRIDAY, DECEMBER 28, 1928 |[RAILROAD EARNINGS REFLECT GENERAL BUSINESS INCREASE Special Dispatch to The Star. NEW YORK, December 28—The ick-up in railroad earnings reflected the November statements now being published is one of the significant in- cidents in the general business recovery he "systems reporting. thele §ross and e g 12 AN net revenues have not only fi:: able to overcome losses during the first six months of the year, but are gaining grounid so rapidly that they will show the best results since 1926. Durmr November there was greater uniformity in gross and net increases than in any month this year. The hard and soft coal roads, which were affect- ed earlier by the stagnation in the coal industry, are today among those making the best exhibits. There also has been a good recovery in the Southwest, Traf- fic conditions in the South have im- proved, with increases replacing de- creases on all but one of the important systems. The trunk line roads and the transcontinental lines are nearly all extending their earlier ratios of increas- ed net under the most eflicient schedule of railroad operations ever before main- tained in this country. D“g,lfl'k with specific situations, the most. ing reported was that of the Baltmore & Ohio, which showed an in- crease in net last month of 88 per cent. This gives encouragement to those who have been buying the company's com- mon stock on the expectation of a 7 per cent dividend rate next Spring. The Southwestern group, including Missouri Pacific, Texas Pacific, International QGreat Northern and the Gulf Coast Lines all made substantial increases in those revenues that are applicable to interest and dividend charges. This foreshadows a greater degree of liberal- ity to stockholders next year. The Southern Bal.lway. which has had quite a lon, lod of gross losses, and also the Seal Afr Line have been re- covering for some months. November both were able to show gross and net gains, although the Florida East Coast operated again at a deficit. Among the hard coal roads the Erie has recently made relatively the strong- er showing, although none of any size has approached the November net in- crease of 100 per cent of the Lehlgh Valley. Both the Chesapeake & Ohio and the Virginian were handicapped by conditions that obtained throughout the first pcn of the ye: Of the large Western systems the Atchison was the only one last month to show losses, Its gross for 11 months is off about $9,000,000 and net around $2,000,000. The St. Paul for the same period has had a net increase of 90 per cent over 1927, with Union Pacific, Northern Pacific, Great Northern and the Soo Line all reflecting the excellent crop conditions in their section of the country as well as the momentum of business created by two seasons of ex- cellent harvests at fairly satisfactory prices. It is estimated that the net t- ing income of the class 1 rail m? year will aggregate $1,180,000,000, or about $100,000,000 more than in 1927. This will represent a return of 4.65 on property movement, which is still about 1 per cent less than in 1926. COTTON PRICES DROP IN EARLY TRADING Disappointing Liverpool Cables and Liquidation Force Mar- ket Down. By the Assocated Press. NEW YORK, December 28.—Cotton opened today at declines of 1 to 4 points in response to slightly disappointing Liverpool cables and some near-month liquidation, promoted by the circulation of a few notices. Trade interests bought the January while there was also some covering in that position, however, and the market worked back to or a shade over yesterday’'s closing quotations dur- ing the next few minutes. This ad- vance seemed to meet some Western selling, under which prices eased again, and the market at the end of the first half hour was 2 to 6 points net lower, with January selling nmund 20.26 and May 20.27. Private cables said that some trade calling had been supplied by liquida- tion in the Liverpool market and that there was a poor demand for cotton cloths and yarns. CrTRea o e One-tenth of the tion of Mos- cow, Russia, are out of work. WHEAT IS LOWER ON INITIAL SALES Larger Estimates of Exportable Argentine Surplus Depress Prices. By the Associated Press. CHICAGO, December 28.—Enlarged estimates of the Argentine exportable surplus of wheat carried wheat prices down early today to the lowest level in more than a month. Corn was also weaker, owing a good deal to increased deliveries on December contracts here. Opening unchanged to 33 off wheat afterward showed a material setback all around. Corn started unchanged to % down and. subsequently under- went general declines. Oats were easy. Provisions held steady. New authoritative figures today from Argentina on the amount of wheat available there for shipment to other countries put l.he total at 220,000,000 to 238,000,00 hels. This was con- strued to meln & crop of more than 300,000,000 bushels, 60,000,000 more than last year's first official estimate. Today’s figures represented an increase of 18,000,000 bushels over the latest pre- vious forecast, and persistent selling here disclosed that the market had re- latively poor support. Nearly 500,000 bushels of corn was handed over at the outset today to satisfy Chicago December contracts. This amount was the largest early de- livery which had been witnessed so far in the December settlement, and was accordingly treated as a bearish factor. ‘There also were predictions of colder weather. On the other hand, today's fresh arrivals of corn here were only 229 cars, and other cities were reported as outbidding cmmo for com from down State points in Illinois. BOND ISSUE APPROVED. President Coolidge has npvroved the issuance of $1,750,000 .in territory of Hawaili public improvement bonds, authorized by the Territorial Legisla- ture in 1927. ottt Buys Refining Plant. NEW YORK, December 28 (P).— Standard Oil Co. of Ohio has bought the Petroleum Refining Co.’s refinery at Latonia, Ky. Yes—this is the famous “Semi-Annual” —And you’ve got opportunity for rare choonmz at radical reductions. Fashion Park Suits and Overcoats Charter House Suits and Overcoats Mode Suits and Overcoats Richard Austin Overcoats Of course, styles—like the qualities—are guaran- teed by famous authorship and when clearance time comes out they must go. s Every Suit $35, $38 & $40 grades Reduced to. $45 and $50 grades Reduced to. .. ..... $55 and $60 grades Reduced to. . ...... $65 and $70 gutles Reduced to. . N $75, $85 & $90 grades Reduced to Ev $35, $38 & $40 gra Reduced to. $45, $50 & $55 grades Reduced to. $60 and $65 grades Reduced to. ..... $75 and $85 (uden Reduced to. . & ery Topcoat $29.75 $39.75 $47.75 $57.75 $65.75 $29-75 $39.75 $49.75 . $65.75 There Every Overcoat $34 and $40 grades Reduced to. . ...... $45 and $50 grades Reduced to. .. ..... $55 and $60 grades Reduced to. .. ..... $65 and $70 grldu Reduced to........ $75 and $80 grades o i ooy $125 and $135 grades Reduced to. $29.75 $39.75 $49.75 $55:75 $6575 $95.75 will be no clnrge for necessary