Evening Star Newspaper, August 21, 1929, Page 12

UTILITIES FEATURE TRADING ON CURB Profit- Taking Cuts Down Values of Issues Recently Scoring Gains. Sbecial Dispatch to The Star. NEW YORK, August 21.—-Profit-; taking, following its recent big ad- vance, took place in Electric Bond & Share on the Curb Exchange today. and after opening near 164, the stock sold down to around the 160 level. The belief prevailed that this stock was entitled to a reaction because of the swiftness of the rise. Other utilities, however, were taken in hand, partic- ularly those in the lower priced group. Active Issues. Dixie Utilities and Rights were ac- tive, the stock selling at a new high for the year on more frequent trans- actions. National Investors, among the investment trust shares, featured by ris- ing more than 5 points above the closing level on Tuesday. Cities Serv- ice moved into new high territory on increased trading, and Duke Power reached a new altitude above 300. This stock has been advancing steadily and appears to be getting into split-up ter- ritory. Oil stocks did not do much, being influenced by an increase of about 45,500 barrels in the daily average crude production, as reported by the American Petroleum Institute. Gulf Oil held around 205, while small re- cessions occurred in such issues as Humble, Ohio and Standard of Indiana. Anchor Post Fence remained in active demand, following its net advance of 3 points on Tuesday. Today, the stock, after closing the previous day at G412, opened at 6673 and had a run-up from the latter level. Dayton Air & Engine continued its flight, reaching new peak levels for the year. Profit-taking occurred at times in Budd Manufacturing. The same thing occurred in De Forest Radio. Crocker ‘Wheeler, which had a sensational spurt last week, opened a point higher at 431, the latter quotation comparing with its top for the year of 500. There was some realizing in Tri-Con- tinental after it opened at 50, the stock around midday getting down to around 471, only to snap back again to around the opening price of 50. Values Strengthened. Pennroad moved a little higher in sgympathy with the srength of some of the standard rails on the big board, which sold at new highs for the year or longer. The drop in money from 7 to 6 per cent brought about some strengthening in values in the afternoon. CHICAGO LIVE STOCK MARKET CHICAGO, August 21 (#) (United States Department of Agriculture) — Hogs—Receipts, 21,000 head, including 4.000 direct; market very slow, mostly steady with Tuesday's average; top, 11.50, pald for number loads, 170-200 unds weights; bulk, good to choice, YgO-ZIB pounds, 11.25a11.50. Butchers, medium to choice, 250-300 pounds, 10.00a10.85; 200-250 pounds, 10.258 11.50; 160-200 pounds, 10.75a11.50; 130-160 pounds 10.25a11.35; packing sows, 8.2529.50; pigs, medium to choice, 90-130 pounds, 9.75a11.15. Cattle—Receipts, 10,000 head. Calves —Receipts, 2,000 head; unusually dull market on few steers and yearlings; unevenly lower on all killing classes; she stock trade being at standstill, most_killing classes, 50 to 1.00 lower for the week; cholce steers and yearl- ings except today's top, 16.75; s'sughter classes, steers, good and choice, 1,300-1,500 pounds, 13.00a17.00; 1,100-1,300 pounds, 13.00a17.00; 950- 1,100 pounds, 13.00a17.00; common and medium, 850 pounds up, 8.00a 13.00. Fed yearlings, good and choice, 750- 950 pounds, 13.00a16.50. Heifers, good and choice, 850 pounds down, 13.00a 15.50. Common and medium, 7.50a 13.00. Cows, good and choice, 8.25a 12.00; common and medium, 6.75a8.25; low cutter and cutter, 5.5026.75. Buls, good and choice (beef), 9.25a11.00; cutter to medium, 6.7529.25. Vealers (milk fed), good and choice, 15.00a17.00; medium, 12.00a15.00; cull and common, 8.00a12.00. Stocker and feeder steers. good and choice (all weights), 10.75a 12.50; common and medium, 7.75a10.75. Sheep—Receipts, 22,000 head; market steady; native lambs, 13.25a13.50; a few 13.75a13.85; rangers, 13.65; fat ewes, 5.00a6.25. Feeding lambs unsold. Lambs, good and choice, 92 pounds down, 13.00a14.00; medium, 11.00213.0¢: cull and common, 7.50a11.00; ewes, medium to choice, 150 pounds dowmw, 4.50a6.50; eull and common. 2.5025.00. Feeder lambs, good and choice, 12.35a 13.75. - STOCKS RIGHTS OFFERED. NEW YORK, August 21 (#).—Direc- tors of the Pacific Finance Corporation have offered stockholders rights to sub- scribe for one common share at $120 for every 10 preferred or common shares held on September 21. Stockholders on October 1 will vote on a proposed two-and-a-half-for-one common and preferred split-up. PRICES ON PARIS BOURSE. PARIS, August 21 (#).—Prices moved {irregularly on the bourse today. Three per cent rentes, 74 francs 30 centimes. Fiv. per cent loan, 102 francs 75 cen- times. Exchange on London, 123 francs 88 centimes. The dollar was quoted at 25 francs 551 centimes. o DIVIDENDS. Pay- Stock of able. record. Oct. ' 1 Sept. 20 Sept. 30 Sept. 14 — Tax Pree — Pe- Corp. riod. Rate. Am Brown Boverl Bofigog & Rubber coe.t Sept. 16 Sept. 3 Oct. 1 Sept. 14 Oct. 1 Sept. 14 Sept. 30 Aug. 31 Oct, 1 Sept. 20 Oct. 1 Sept. 20 Sept. 23 Sept. 6 Oct. 1 Sept. 11 Sept. 30 Sept. 16 Aug. 31 Aug. 21 Sept. 30 Sept. 14 Sept. 16 Sept. 6 Oct. 1 Sept.12 Sept. 20 Sept. 5 Oct. 1 Eept. 11 1 Aus. 30 1 Sept. 10 1 Aus. 20 Cons Gpp Co '— California Ink Co Class A . Q pi crucivle Sieel Co of America pf Crusse & Black- Hoslery Co. .. Hl';lllv M A, 1st e oo Isle Royale Cop- G = Irving Tsust Co Q Kl’llog;w" Copper Lifgett & Mvers Hob o bf.. @ Mangel Corp 6 Oct. Oct. Sept. o5 e oiarnf @ 162% MeTE enfhater & S - g Tasses Co 1% mfssoui” Pacifie oo % Sept. 30 Sept. 4 st st ¢ 1% Q 5125 50 2.00 1.62% 178 Sept. 3 Aug. 21 Oct. 1 Sept. 6 Oct. 1 Sept. 18 Sept. 30 3ept. 10 Oct. 1 Sept. 10 Sept. 3 Aug. 20 Q Texas Oil. Q OstivieFlouriills 176 Oct. 1 Sept. 10 Aue. 31 Q 50 Oct. 15 Sept.20 34% Oct. 18 Bept. 20 5 -Oct. 18ent. 8 Bept. 10 |- NEW YORK CURB MARKE Special Dispatch to The Etar. YORK, August 21 —Following eds. 3 Acetol Prod A 14 Aero Sip ML 1Aero Uuderw 2 Agia Ansco.. isworth Ip) lum Co Amer. m Pneu. 301 Amer _Superp " 'n 1 Amer Super pfd. . 1Amer Thread pfd ner _Transform 15 Aviation 22 Bellanca Alre 2 Blauners - 1 c! 520 Blue Ridge wi.. il 84 Blue Ri1 con pfd ‘wi 520 Boots P Drug rets r L & P 1 Capital Admin A 7 Caterpil Tract 7Celan Cor Am 1Celan C Am 1 3Cent Afl St Se thw 2 Col 3 176 Commonw & Sou. 86 Com & Sou opt war. Vhi 1% pid:. 8 T _vte 500 1y Crocker Wheeler pi. 10 Crosse & Black pf. 2t 1 De For 1 Decre & Co 100 Detrolt. Alr 5 Donner Steel 812 Draper Corp . 30 Dubilier, © & R: 3El Pow As . 4 Elec_Sharhold 13 Enpire, steer ™ 5 re. Steel ... ns” Wall Lead. 2 Fedders Mfg A 16 Federal Water A 2 Ferro Enamel A 4Fiat stk ceb ris 1First Nat Strs rts. 35 Firestone Tire .. 1Firest T 7o ptd.. 1Flor P &L 7 2 Fokker_Airp Amer 13 Foltis Fisher 5Gen Laun 1y Gen Pub Ser 114 Gen Real & 2 Gen Real&Ut 32 Gen Theate 3 Gerrard . 3 Gien Alden 15 Globe Underwriters. . 12 Gold Seal Elec. . 50 Goldman _Sachs 1Gorham Inc_ pid 34 Gt AKE T C 12 Gr A 18 Givent Tap 55 Grizsby Grunow n i p S ade_Food Prod. t Finance et vl Co N 13 Insur Secu 3 Insur_Share: Int a 2 Interest Eauity 16 Interest Equity ct 1 Interest Equity wi s7 12 g Alr Ch gy i, 82, s B 6s 101 Gl ¥ Equis 34 o pfd 116 116 e vic. 400 455,05 B, el e & & 3 o '+ ae T o Sessnp NEW is a list of stocks and bonds traded in on the New York Curb Market today, with the volume of sales and prices up !io‘-nd including the clos¢ of the mar- et: Saly h. Low. Close. ‘;;mdrxgmvmmu High. Low. Cle 18% 4% ¥ T B3RS S! &5 his Natl Gas.. pans Mig e s 2t FREEEs : SSETEE ESS i3 Satuey West Ut . WG es pia st 158 id W Uil rts. 4 id W U pr In 5 e Essia B s S oS af o 2 Murphy G_O. 2 Nachman Spefid . 7Nat Amer Co. 2 Nat Aviation Nat Bak Nat Baucserv atl Container sl Fam Si Nat Fam & at Food Prod Investors . 2 Nal_screen 1 Nebel Oscar 1Neet Inc (3] . 703, Lo ba T Avi 1Nor Amer Avia util 2 Over: T 2 Packard Elec Co 20 Param Cab Mig. 3 Parke Devis Co. 1Park Austin pfd 18 Parmelee Trans 2Pen D Groc A. 1Patterson sargeni 43 C Penney & Co 4 Penn Wt P C... 339 Pennroad, Corp ic: o) 2 Reynolds Metal A 7 3 Ravmond Conc cv o 7 Rockland 351 Rich Rad 8 1 Roosevelt 10% 2 Root Rfg Cv pr pfd.. 26 1 Ross Stores .. ] 23% 4 ne pfd: . 6% 64 Select Ind Inc 1st pid 1001a 13 Sentry Safety Control 20%s 12 Sient Bafe Control u r 2034 2 Seton_Leather B 1 @Shattuck n .. 1Sharp & Dohme. 1 Shawingan W & 05 Shenandoah Corp 43 She 13 She Dl Sheaffer Pen ... inc 28% P.. 10 uf 3 Southland__Ro: 113 Southw Gas ish_& in & Co. . 10 Stein_Cosmetics ": 1Strauss Roth. 1Stromb Carl Tel. 1 Strooch Co 10 8tutz Mot . s Uni Corp Uni Drydock Uni Elec Bond s Uni Gas Co EOR e o caaacaay 2| ¥ 2533 » ST . Il Pap Fac.. 28 & Intl Sec 2d pfd Destos Finish n. Fimsh pid. Foil B. DB pRERBBEY! 1= 9. 5SS gecdaaaacaaaada; BB BT o nscacors < Q< S8385s55sgdess o 52 5 2343 w Ca P il Low Cat pfd. ... inter B J 12 nite . 2 S aamtw ! e 883 «BEsY 5 En, 25 Falcon Lead Min. 1 Copper, n. Suyii ks’ maa Ha B33 W o 5. SRFENE Scane EFETE T ) ° SEEE SR B 28 Ewg; - -:;— £ g ] Received by Private / Wire Dirsst to The Star Office Sales in STAND uni MER 8 . AAOmOn viccod. 18 108 Botd BOm e 0.0 Bov, 800 Contl OIl . o thousands. . “JeAbItibl PP Bs A '53 83% 47AIa FPow 4las 67.... 84 43 96 . omm 44120 as & El 5s 2028 92'4 92 ow & Lt 65 2016 104% id.... 106 104 7 Am Sol 6128 ‘36 11 Appal El Pow 6 Arnold Pr Wks & L B8 86 El 55 48 8 &L 5128 '53 90 To 5%us '42 '3 L 84 66. Stan udahy 5tas 37.000% n&Salt Lake 65 ‘60 L City G 68 A 4T, 70 104 73 w d Oil & G 8 Indianap P&L, 5s A'57 96% 41Intl Pow Sec 78 E '57 95 Inv C A bs 81Inv Equity s Kelvin Corp 68 27272777 77, 7 7 727 47124 47 ww 781y 78 A, 47, 8% 18 o R > o5 et g £5) VYO 22X 28 10924 103" it "' 98! Aot oSS o LT 00000’ EEEEEE »S5Eo 12 Western P 5 . 1 Western P 5 194 Sale, FOREIGN BONDS. in thousands. 5 2 Buenos Alres 7 1Free 8t Prus 6145 Gelsen Min 6s 12 Ger Cons Mun 6 s Sias A 83 4 Rumania Inst 7s '5f 5s,'31. 9 Russ G 638 " 18anta Fe Cit; 3 Bandn Palls 85 A 361 auda Falls 5s 3 8tinnes H 75 '36 wa 92 i St1 Wks 6'2sA'47 87% x-dividend. en issued. SILVER QUOTATIONS. 470 %% NEW YORK, August 21 73 © silver, 52%; Mexican dollars, 39’ gt 2383325835 82gS! 2822288238 8 Szegssentas! Fez () —Bar | 5322883338882883888 288 EER |, “GRAIN MARKET. scurel ot ol Toueh 108 rain o8 and Du- luth in. , sent wheat values reeling ward 6% a bushel today. Lack of e: demand counted as a notable in- fluence, and so, too, favorable weather conditions Northwest, likely to increase the movement of wheat rural sources. Heavy selling-on the part of holders of wheat future deliv- eries here was in evidence,. word that the absolute eml wheat shipments to Galveston for ex- port had been lifted and that a it system had been substituted f to act as an offset for the downward swing of prices. - ‘Wheat closed greatly unsettled, 53 to 6 cents a bushel under yesterday’s finish. Corn closed irregular at 13, net decline to 1 advance; oats, !; to EEESE & setback of 5. Whes us i3 [ GG §2 5588 5558 3kEh 8388 Eas T September .... Octover .. i b SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) oOffer. Allis-Chalmers Co. 5s 1937. 1 Aluminum Co. of Am¢ Amer. Rolling Mills 55 . of Del. eneral Pet. Cop Goodyear T. & R. Grand Trunk of Guit Oil of Ps. 55 1 Humble Oil 5¥s 1932. Internat. Match Corp. hort Line 4 1929. etroleum Co. iy Commercial vCredit Co. the corresponding period in 1928. 1% off. and provisions unchanged to |* SNEE SN o ¥ Consolidated net income of the Com- mercial Credit Co. for the six months ended June 30 amounted to $2,809.624. Markets at a Glance NEW YORK, August 21 (M) here | Stocks—Irregular; Pennsylvania Rail- road crosses 100 for first time, investment . trust. Bonds— forecast rain West Texas, Sugar—Easy: ral . H lower spot market. Coffee—Lower; Brazilian selling. CHICAGO, August 21 (P).—Wheat— Weak; bearish weather and crop re- ports, Corn—Weak; easier cash mar- kets. Cattle—Lower. Hogs—Steady. "EARNINGS SHOW GAINS Special Dispatch to The Star. increasing at a gratifying rate, and, barring adverse developments in the stantially in excess of those of 1928. Up to August 14 gross revenues amounted to $11,319,578, an increase of $71,927, or 1 per cent. Shipments of coal are increasing steadily, receipts from that source be- ing nearly half of the total revenues for the first two weeks of August. Earnings from coal traffic were $308,- 664, a comparative gain of $25,749, or 9 per cent. Passenger traffic showed marked im- provement the first two weeks of August, receipts from $1,939, or 10 per cent. The higher pay received under the revised mail contract is a factor in the better earnings of the Western Maryland, the increase for the first half of August amounting to $3,136, or 86 per cent. - BUYS PAPER MILL. CHICAGO, August 21 (#).—The Celo- tex Co. today announced it had ac- The mill manufactures paper from bagasse, sugar cane fiber, which the company said would become an im- portant part of the Celotex program. ——— INTEREST RATES RELAX. By the Associated Press. A moderate relaxation of average col- lateral interest rates was recorded for Rates are still above last year, thc figures which follow show, but lower than in more recent periods. This is equivalent to $4.63 a share arned on the common stock, compared with $1,609,395, or $3.08 a share, for Week ending August 17 Preceding weel Same week last year . Mixed; i S SE T BALTIMORE, August 21.—Tonnage over the Western Maryland Railroad is general industrial situation, the indica- tions are that this earrier will round out the current year with earnings sub- that source amounting to $21,457, an increase o) quired & paper mill at New Iberia, La., | formerly owned by the Boldt Paper Co. | last week by Census Bureaus studies. | NEW YORK COTTON. NEW YORK, August 21 (®.—The cotton market opened steady today at a necunehot 10 to 17 points under real- izing or fiquidation. tion to ly cal . possibility ?h:’t them in the North- South and relieve west might work drouthy conditions in Texas and West- e O 5 off¢ of g movement, which r accompanied by talk of a probable bull- ish weekly report from the Weather Bureau. October sold up from 18.45 to and March from 19.04 to 19.1 the market ruling from 1 to 6 net lower at the end of the first half hour. Cable advices reported heavy Bombay selurt and realizing in the Liverpool market. ! A spurt of covering and local buying immediately followed the pllbllutlm{l?zl the weekly weather report. de- mand was supplied on an advance to 1873 for October and 19.28 for March or about 8 to 12 points above yester- day's closing quotations, however, and the market soon eased under renewed realizing, promoted by the forecast for probable showers in West Texas and a feeling that bullish features in the weekly report had been discounted. At midday the market was quiet and within a point or two eff way- of *ycsurdny'u closing prices. e STEEL OUTPUT DROPS. NEW YORK, August 21 (#).—Dow, Jones & Co.s review of the steel situation today states that although most leading steel centers continue to report active operations, there has been considerable let-up in the less impor- tant districts and that this has resulted in a reduction of 3 per cent in the ingot production in the entire industry during the past week. The United States Steel Corporation is operating at about 95 per cent of rate capacit: 2gainst 97 per cent last week, 98 D cent two weeks ago and 80 per cent a year ago. Independents are operating at 86 to 87 per cent, compared with 90 per cent last week, 91 per cent two weeks ago and 73 per cent a year ago. POTATO MARKET. CHICAGO, August 21 (United States Department of Agriculture).—Potatoes —Receipts, 71 cars; on track, 259 cars: | total U. S. shipments, 621 cars; trading fair, market slightly weaker:; Wisconsin, sacked round whites, 2. | Bliss Triumphs, 2.00a2.20; sacked Irish Cobblers, 2.25a2.60; Minne- sota, sacked, sand land Ohios, 1.90a2.10. MONEY MARKET. NEW YORK, August 21 (#).—Call money easier; high, 7; low, 6; ruling 60-90 days, 8%a! Prime commercial paper, 6a6% ; bank. ers’ acceptances firmer; 30 51q; 60-90 days, 5'4a5% 53sa5%; 5-6 months, 5% AUGUST TRADE-IN SALE IGGER AND BETTER VALUES 84-Inch Sofa—34-Inch Club Chair— Back of Wing Chair 40 Inches High 3-Pc. Mohair Living Room Suite Buy your furniture during this Au- gust sale and save money. This three- piece genuine mohair living room suite, with plain velour sides and back and reversible, spring-filled cushions. See This Big - Spinet Desk Large size. Heavy legs. ; Kit;:hen Cabinet 548 — e Without glassware 500 Folding. Card Tables Delivers This Suite a low price. $1 DOWN DELIVERS THIS SUITE drawers, Hollywood style vanity, return-end bed “You’ll Always Do Better Here” _CORNER 8th & E STS. N.W. 89c Choice of Upholfering Green—Burgundy Davenport Tahle 48 inches long, Mahog. finish. Adjustable hood and footrest as Pictured 4-Piece Bedroom Suite Again Nachman's offers you a chance to buy a bedroom suite at $ Four beautiful pieces, consisting of dresser, chest of $4.85 Baby Si:rllers 10 $17.50 Dresser, $11.95 $25.00 Dresser, $19.95 $35.00 Dresser, $29.95