Evening Star Newspaper, September 27, 1929, Page 13

THE EVENING STAR, WASHINGTON D. FRIDAY, SEPTEMBER 27, HIGHER MONEY RATES CHICAGO LIVE STOCK MARKET down, 1275515357 mmeaunm. MAY KEEP FUNDS HERE .."E"fi?:-m""‘“n. A Ce o e Ovscial Dispatoh to The Slar. Special Dispatch to The Star. -Recelpts, 16,000 head, including ,m . BALTIMORE, Md. September 27| NEW YORK, September 27.—For the m_“m' | MAthet mostly, 10 o, 18 e lambs, good -and choice, 11752 oy ey L ; 15084.00; 100 | second time this year the Bank of Eng- rel, xooa;,oo beets, mo_ ,W“w land has raised its rediscount rate, in- beans, m-hel. 1.25a1.50; dicatirig that eredit conditions in Eng- per, 758! carrots, 100 ioo.sm, land have been found to be more in eallry. mh. lzunu corn, do-en 158 ::udd 'f“h":cu‘ern’ :tlnnmou having eggplan o indus! y: The advance in uu rate had been liscussed 1929. FINANCIAL. FINANCIAL. CURB ISSUES RALLY || NEW YORK CURB MARKE Utilities Group _ Furnishes Leadership for Market. Received by Private Wite Direct te The Star Office Baltimore Markets - 382 o A 82,38 I hamper, “30040: lettuce, crate, 1.5084.00; lima mn:;,“h;anpm 1.00a1.50; onions, | o for a month. A ;‘ML uka;; hamper, hamper, 20a | tagu Norman, governor of nl 30; lq“llh l'nmppeerm”"v oo, England, went hamc in August after hamper, 3 a vacation in this country, it was Bruie s, 5 = s:rgrrrg = -;': SEERY! PEETETTT FEER! Trading Slower. BY JOHN A. CRONE. @pecial Dispatch to The Star. NEW YORK. September 27.—Revers- ing an early reactionary trend, prices on the curb today rallied under the leadership of utilities. Aviation shares remained weak, a few of them, such as North Americun Aviation, touching new low prices. Motor shares, in sympathy with trends over on the big board, softened. Ford of France reached a record low mark. Standard Power & Light moved up- ward in unison with Standard Gas and its afMliates over on the Stock Ex- change. Although United Light & Power, which was a feature in Thurs- day’s late trading. was less firm in the early part of the session, it managed to maintain a position near its best Tevels. Trading Features. Electric Bond & Share merely see- sawed. It is increasing its common stock for the ostensible purpose of tak- ing over Electric Investors, but actually with the idea of eventually acquiring American Power & Light, the rest of American & Foreign Power, National Power & Light, Electric Power & Light and American Gas & Electric. Many of these shares are active and some ©of them are higher. Oities Service common, following the announcement of the cailing of a spe- cial shareholders’ meeting, at which terms for subscriptions to new stock will be revealed, rose to a fresh peak. Persistent rumors about its plans for expansion in natural gas is causing ac- cumulation of its securities. Other pe- troleum shares did not follow Cities Service's upward path. Memphis Natural Gas easily pushed through its previous maximum prices early in the session. Natural gas stocks | ‘as & group were active and inclined up- 13 Amer Saih 14 Amer_ Citles P &'L 49 Am Commonw £ 4. 2 Am Commonw P B.. war 11Am Com P opil o Am Super pfd gzm Q\ID!PD 1 pld. m Acnor Post Fange n k) Arctirue Ragio™ T Has port Cem Viation Co of Am: 1 Bickford 1 n.cnam um e g t $ Neunum Pn Neet Inc A SNt oot S Nelsner Bros '3 Nelsner Phees lson H = 25258588 253852 SRR - St % 1 Zasatusz SRR % | arriving, 4 1 x' e 1 ] 852008 »= iz .5§5= S lmahel uouso pearu, bmhel 4.00. Hay and Grain Prices. Wheat—No. 2, red Winter, spot, 1.31%; No. 2, red Winter, uru:k:& spot, 124%; Beptember delivery, 1. No. 3, October delivery, 1.35%; red Winter, garlicky, spot, 1.21%, Bag lots of ne , mone, CII’MI on grade, none. Corn—No. 2, export, September de- Jivery, no quotations; No. 2, domestic. yellow, 1. ml 17; cob corn, 5.75n6.00. Oats—No. 2, ‘-hlle domestic, spot, 5615857; No, 3, white domestic, spot, 8515256, Rye—Nearby, 1.00a1 10. Hay—Receipts, none. Season for old hay is about over. A little new crop is but hardly enough upon which to estabiish quotations by grades. Where in good order new hay sells n from 13.00 to 15.00 per ton, according to its quality and condition, receipts by truck taking care of most requirements. Straw—Little demand for straw. Re ceipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat stra: No. 1, per ton, 9.00210.00. Live Stock Market. Cattle—Receipts, 1,500 head; good l’llpply market, steady. Steers, choice, 13! 4.00; 12.1 Mlll?fi' medium, 1 50-]’26 common, 0a11.f um, 4 -uue 9.50810.00; fair to pofl 9.00, common to mediu 700 75 Cfiwl, choice stable, .Wl! 70; fair to good, 8.0088.75; common to medium, 5.0087.50. Sheep and lambs—Receipts, 2,000 head; good supply, mnlet slow. Sheep, 2.008 6.50; lambs, 8.00214.50. Hogs—Receipts, 400 head; light sup- ly, market lower. Lights 11.30a11.65 vies, 11.00a11.40: medium, 11558 1180 roughs, 7.7 78; light - pigs, 10.00: pigs, 1 thought that the rate would be immedi- ately pushed up. Political fieuure at oog the time was too strong to and there was a)so then the hope that money rates in this country might ease off sufficiently to check the flow of funds from London to New York. sundy m of gold by the Bank of continent and a re- lunz!lon ot uxpons to this country| g action lmrnuve It was quick- ened also by the sensational develop- ments that followed the collapse of the Hatry shares. lll varjous forms the amount of for- eim (unu in New York is estimated at $2, 000,000. The largest of the Euro- an lenden here is France. There is also a goodly amount of English capital employed in the New York market either on call or in securities. The direct effect of the Bank of England rediscount advance on the American money market is not expected to be important at once except Ifl shutting off further supplies of English gold. which this country does got need, but which it had to take under the arbi- trary laws of the foreign exchanges. With call loans fluctuating between and 10 per cent, the European lend- will not be disposed to order their ds home, nlmuu h they can use them in the glish market at the highest rate in ylll'l LARGE LOCOMOTIVE ORDER. NEW YORK, September 27 -(#). Forty-two electric freight locomotives, costing more than $5,000,000, have been ordered by the New York Central Rail- road from the American Locomotive Co. and the General Electric Co. The loco- motives are to be used in connection with the pi improvements on the West. Side of New York City, where the company has a rm.m line running to the downtown section. e — {for next week's .market. dressed beef; most she stock 'g}n‘ :‘v':r laug T classes, steers, good and choice, 1.300 to_ 1,500 pounds, 13.00a16.75; 1,300 pounds, 13.00a16.75; 950 to pounds, 13.00a16.75;. common_an um, 850, up, 9.00a13.35; fed pound- ye-rllnu. good and choice, 750 to 950 pounds, l!flhl!.fll heifers, good and choice, 850 pounds’ down, 13 00a15.25; common and medium,. 8.00a13.25: cows, good and choice, 8.2 . common and medium, . Sfltl.lfi Jow. cutter and cutter, 5.5016.50. lol)d and cheice | (beef), 15!1025 cutur to medium. ! 7.00a8.85; vealers (milk- fed), good and | choice, 13.50a16.50; medium, 12.00a | 13.50; cull and common, 7.00a12.00; stocker and feeder steers, choice, all weights, 10 mon and medium, Sheep—Recelpf ket slow, rlnl!l’t at_ewes, 4.00a unsold; M !eedlnl lambe _quotabl ind chol % That of‘/fgga/g ck Sold at Grocery Stores, Delicatessens, Hotels, Clubs, Parks, Restaurants, etc. “Order a C of Better Judgment” TODAY Fort Pitt Products Co., Inc. 490 La. Ave. N.W, Phorie District 5431 Sailing £ 2 = 100 head: light ward, National Fuel Gas frequently Calves, 1. appeared .on the tape after it detailed Budd Edw some of its expansion plans. 1RM N & E P od Niagara Hudson Power common, in 8 pulors. e point of volume, was one of the most| ,]Birma Corp active utilities as blocks of 20,000, 9.250 | '3 Burco wi and 5000 were ticked oyt. Hydro- 1 Butler electric enjoyed a run-up which came within a fraction of its previous peak. Continuing its trend of the preced- ing day, Dow Chemical .jumped 35 nts toa new high at 450. Aluminum Co..of America, Crocker Wheeler old and Deere were among the most popu- lar of theh igher-priced industrials. Investment Trust Formation of Fifth National Investors | stimulated interest in the outstanding securities of National Investors and affiliates. such as Third National and Pourth National. Goldman Sachs en- countered further profit-taking. May- flower associates also were compelled to absorb some selling, which it managed | to stave off fairly well on the belief 5 that a considerable portion of the com- ; pany's portfolio is in stocks traded in 1 on the London market. Other invest- 2 ment shares were not as fresly sold as ) In recent sessions. De Forest was one of the most active radio shares. Trading was increased | following the offering of 1 share of | De Forest for 13, shaves of Jenkins | m Television. 286 Commonw_& Sou 111 Gomm & 80u ot Wit lvu—!wceipu. supply, market lower. 17.25, Dairy Market. P N iy chickens, 25a outry . "—sfm'fa hlnl, 25a31; )uhorm 20a22; old 18a20; ducks, 20a33: l\llm- fowls, eu:h 40a 65; pigeons, pair, 2! R native current re- eceipts, 12(2 cases; ulpu 35a36; hennery whites, 48a50. Butter—Good o * v, along--- without “Sales”’! MEN of America have found that Wonder-of-America begins the 39823008 225 gz 9298 22! S P 22 m BSuua 0, 990 fggecee 000! 55 Jo] 2853ssmunsens S ey " 53, 2B and nearby firsts, 41aé2: to " fancy creamery, pound 42a48; ladles, 35a36; store pack- SOISI, rolls, 31a32; process butter, 25! . - 3. L] s 3% 3% 2 l'z . o Perryman 194 33 Estrol Lorp 1si ptd.] 381 2 Pine Johnson Co Ltd :u; § Priip Morris 14 Philippe (Louis} Szaesasse ", =1 MONEY xmn‘ NEW YORK, September 27 (#). —Call | money steady, 0 per cent. lll day. Time stead: ‘ 0 days, 9-9% .per emt. days, 9-9%, per cent; 4-6 mon! '9-91, per cent. Prime wmmercu paper, 6-6's per cent. Bankers' ac- ceptances unchln'fld o8 35 2534 2 3 < season with fine suits and topcoats $25. 23987 > Ea8=ssaninsazanss sZas=gs: LO3dn e 900900 —at an end-of-season price—$17.50! That’s what keeps Wonder-of- America sailing along without 7 Pitney Bowes P. 1Pitts & L E. 14 Bolymet, “MIE Portl El Pow. < Powdreil & &l 233 Prince & Whil 197 Prince & Whit . 28 81 Cities Ser n_. Cities Ser pfd Beu5Buommamun.! TREOOO! KETAL mn:'r | NEW YORK, September 27 (#— | per Mfly electrolytic, spot and Py ) — , 45.12; future, s , New York, 6.90: East es ! East St. | - Beme S Bese e amw! 222382228 se3sg ey 5555 FEAER ST 11 Golambra B 1 Coim Au Ps cvt pid -- & Radio "p 4 Cors 56 Commereial Iny Tt wi 81, adio Prod Corp, ith Ed.....389 1 Raymond "con”pf 2 Ravmond Con 3r, feteeton 2288 0essnr it §8 It takes enormous volume 5 at GRMN MARKET. ol CHICAGO. September 27 (#).—In-! fluenced by stock market weakness and! 33 LN ’5353"'»‘«"1 by & halt in export demand for wheat | 1 o ks Pl'"- Ave. from North America. wheat prices went | down grade today. Especially in the Iate dealings, wheat showed activity that was at the expense of values. North American wheat export business today amounted to but 200,000 bushels, and from July 1 to date has been only 78,768,000 bushels. compared with 126.- 012,000 bushels for the corresponding | time last year. Wheat closed heavy, 115 to 2V cems‘ a bushel lower than yesterdays finish. | Corn closed 7 to 2% cents, down, o 12 to 134 cents off and provisions un- | changed to a setback of 20 cents. WHEAT— !-Dun:’hpr (> to sell snappy, all-wool suits and top- & FUERLTEH 5 44 Cons Auto Mer Vi 1 Cons Auto Mer pfd Dairy P ZEEZE! Get Your DIAMOND TIRES On Our “Easy Payment PLAN” Just bring registration card (for identification only), together with a small down payment, and get your tires on the spot. Balance arranged to suit your in- come. PSS FH T T SR T RER 53 SeCangssen=tas: H w Strs 3 nr 5 P .., EEgazerasssnetansis 222K SRAZ SRS 83833 & F 3 3O ZAZ] ¥ But tremendous volume, - alone, isn’t enough! We have to buy our IS, 4 : 3 it g - o Curtiss-Wright ws 1 Daniel Reeves 353 S wSE % B, H 3 o own fabrics, tailor our own clothes, 2332557 sssanransy 2 B 12;1 L1y g5k 9, M 3 ® Tp=0, and sell them in our own stores—on Bonn®e ng? s 3 mEe. 5o 8, 28 2 T2 ai 28 008 %! i} > 3 S0 er 3 3 3 Southeast P & Donner Steel bt . 2 8outhe B tas Alr 379 B 31 2 ’33";'1:. Alrerats 2oe a margin of profit so tiny that other merchants hold their breath when they think about it! Our Fall prices won’t fall in the Spring—you don’t have to wait to get 2282! L 2315 € & thy 2eds s Dow omm of . iomm Mie A w_Chem 3 Bobinier S R 14 Durant Mot = ,fr?.‘ —eARPORATL. 2801 14th St. N.W. 9th and P Sts. N.W. 1200 H St. N.E. 3116 M St. N.W. 1781 Florida Au. (Liberty G ~2Q: e LAR! September bg X 2ed ise Rovemper El December £ B ¥ El Bond & El ta, Te, &> L | Bona & on'pid’; Mna 1| Invest Tnc o Bepiomper Bl Invent Inc oid. Octobar WHOLESALE PRICES SAG. By the Associated Press. General prices sagged a trifle in the United States last week as illustrated | by census bureau calculations. The 1Emp Pub Se 3“ figures which follow give the index of | }g;;;-,;_w;{:“};-d B wnolesale prices for the week, based on 7 Pairchild Aviatn A considering 1926 average prices as 100, 2 Fandango Coru and for comparable periods. There is :;:S"f(ee‘u'x,{"fl likewise shown the week's average price 3 Ped Screw.... for a composite ton of steel products. ; ;T.'ymsffl"umefy A Steel 36 Fiat Ret ' 7 ; ‘Week ending Sept, 21 836552 | ;;g-:::g:’l thvesd WY il e Previous week . 36.52 | r P& L% v i ker Alrp Am. Same week lnst year. I 35.23 ng:;‘"m“r” DIVIDENDS Pay- Block of able. " record. Ll 83 Starrett Corp Starrett (L 8. Stein Cosmetics - 1 & 68 Elec Pow Assoc A . 9 Elec Sharehold big values in our stores! Get a new Fra sewse gis ® 2382BLLRIR2! l!;fli!a‘:lfli‘:a‘g Wonder-of-America suit and topcoat 22888 IZINIR S 3 ! AERRE 53 YELLOW CABS wLACK AND WHITE CABS T METROPOLITAN 1212 ! NATIONAL 0051 F Means that “BLACK AND WHITE” taxicabs and “YELLOW?” taxicabs are operated by a financially responsible Washington firm. riod Rate, . ! GG R 2 SR InR2 3NN I3R 38! Corp. Abjtini Pr & Pp Co 87 bf. Oet. 21 fon"Amé: inesiin aa fon Tobaces oec-: ::g:s:::sns- 822388 RO EEEE 3 28 Sacadagadada S§555555 !la_rk of !!cny . commwesith Columbia Gas Biertrs Grock Ext- 230 TREASURY OERTIFICATES. (Reported by J & W. Sl te—Maturity. Dec. 1 A 24-hour service is maintained by a corps of experienced drivers. The taxi- cabs atre thoroughly cleaned and fumi- ‘gated every day and kept in perfect mechanical condition. 1 1 1 1 7 7 0 1 5 86 15 58 18! k3 [ 0 b ¢ 27, 7 1 32 15, 28 7 23 58 19 £l - B W BB 8 il 23 53 wesses, 555 & — SHORT-TERM IMU'IITIEI. (Revorted by J. & W. Sellgman & Al i Ga" of mer. 83084 1 You need have no fear when you ride in a “BLACK AND WHITE” or “YELLOW” taxicab. 5SS 252528 SR Bryant Hixcagaen Bubl MEDIe Lent il aple Len ink Co pf ggdaadaddaaadaa i) 0 g et he b 2 @ 5 00 B e Ben s = r Akl 370 Prod Vw 1( EEEFE S B el e L L 838383385 et & & 82333832 S 3 &3 % > Erllll ")‘otur fram Walk G&W Organized Responsibility YELLOW CABS METROPOLITAN 1212 tson J W, 2 Wayne Pump s AT 8 : r B J, . l: SRR 880208825 Fosae e BLACK AND WHITE CABS NATIONAL 0081 ":her: Bankers o r Corp init @ 80 el May Stes gl“'& cruuonnrn se 8:' TWO STORES IN WASHINGTON - 1003 Pennsylvania Ave. N.W 611 Seventh St. N.W. . Re 5. Owned and Operated by Brown Bres. sEgeanee tH i suvmunur ntern Ul J tern Uil ! 5 = lILY!! QUO’I'ATIO]!. NEW YORK. September’37 4n‘—lnr silver, 50%. Mexican dollars, 37%. ZR! 3 H £ .h;-a“fi‘;_ Fd E'E‘g,g.g P ewimont " Minitg. ... E