Evening Star Newspaper, November 27, 1929, Page 15

PINANCIAL. (COPPER PRICE CUT 1S HELD UNLIKELY 4 Veeder Root (2%)... Venezuela Mex Oil. la Pet (29¢). AFTER INFTIAL L0SS 00. Open. Migh. Low. Close. 3 134 18% 13% 13% Illinols P L (20).. CURB 1SSUES RAllY’ Market Affected by Expan- uon‘flepor(s of Utilities to President. BY JOHN A. CRONE. Speeial Dispatch fo The Star. - “NEW ¥ORK, " November 27.—After mrb mar unchanged, moved Jower following pub- lication of surveys pointing to heavy inventories of some of the smaller air- plane manufacturing units. Tlinois Pipe Line early registered Pipe Line and Indiana Plpn Line were upp:bom. 3 polnu each. National Transit ais0 improved. cm.r Shares Rally. vy opening. well b\u. aviation shares, after opflnul Copper shares braced after & weak "as shorts covered and qusuor-! hought them on the theory thai the price of red metal is likely 1o hola near ) level in view of the large outlined .to Presid profl Allled Power & Light it ce wer. Lo -wklli-kl:m tend (o benent from pnpeud programs, it also “moved utm Service improved early, follows |' v that 1t would Swift International was up about one~ third of that nmnt P ition. ~opened on ' 5,000-share lot and then moved lower, later rallying somewhat. Pittsburgh & Lake Erie and Chesapeake & Ohio at times also met pressure. 0% AllP&L1st 7% 1 Allison DrugStA. 539% 146 Aluminum Ce of Am. 1084 108 Alu Coof Am of(8). 474 81 Am Areh Co (3). 22% 5% Am Rrit& Con 98 Am Gas&Elee pf 190 % Am Maracaibo.. 2915 Am Maize Prod (2) 37 Am Manufactur Co 5% Am Natural Gas. 26% Am Sol Ch ev pt (). 16 Am.Buperpower..... 85 Am Super 1st pf (). ‘8 ‘Ancher PostF (2)... 1 Anglo-A n v ted 3be. 1%% Anglo-Am v cod 3fe. 15 Anglo Chil Nitrate. . 18% Arcturus Rad Tubes, 09 Aris Globes Copper. 3% Arkansas Nat Gas. 6% Arkansas NatGas A. 4 Ark N G em pt ¢60¢c) 87% Arundel Corp 4'::‘) 5% ‘Asso-Klec Ind Am Lt & Trae (10) =1 364 Asee GRBA (33.40). 3% GAEA 20 Aut V Mev prot (2). Aviation Credit. . Bancomit Corp new. BensnaHedgs pf(2). . Blaw-Knox Ce (1%). Bliss Co (B W) (1).. 3% Biue Ridge 28% Biue R Corp ov pf 1. 25 8 Scrymar 13% . 50a - 264 Corp B. 1% 14, Brille Mfx (1. 5 20 CentPSVA (al 12 Cen States El (3: lu comrlmfln Chain & 40 »uu -, Colts Pat Fired (2 as contrasted with lefl‘l’ than. 71 per cerit in the week and 13 ‘ per_ cen! time " Jast year steel operations. .were coming up and rose about 2 per cent to an average of 83 per cent., B. & 0. REPORTS GOOD FREIGHT BUSINESS Special Dispateh to The Btar. tion, portation for investment credit, show- ed an increase over last year, in which nllnunlnen of way and structures was, argest single item with an increase of !flb.flt, For the,10.month period ending Oc- tober 1, however, an increase n( 1u over- the - corresponding year is reported, ieh s du: pflrfi‘pflly to-an increase of $11,303418 ight revenue and $1,577,170 in mufl nvemu while the passenger pniod showed & de- ver:the-correspond- penses 51,877, m n«A'um an e ase. F $7,403,010, ‘the total net operating income 10-month period 343,514,963, -nhm $40,575,779 for the correspond- ing mod in 1928. XOTATO MARKET. CHICAGO, November 27- (United smm Den-n.mem' Agriculture) —Pota~ 67 cars; on track, 301; total Unlhd !um shipments, m CArs; txading only fair: fair; m ez about stesdy: wuemu\n 2 2 l: Idaho. lnd Russets, 3.00; fency, 3.10 to 3.15. ¢ Firm Will Expand: NEW YORK, November n (/) —The lee Mills O‘nllllll Co. 'n be ac- by Libby, McNeil % Lo m L '2.60 to Tokio, Japan, plln! to lulp s ‘sman) businesses and industries. Columbia Syndicate, Cilfltl. Sou vu,r. Derby Detroit Aircraft Cor. ‘Dix Gas & Utilities. . Duke Powder (5) ‘Dunlop Rub.rcts(28e Durant Motors. Duval Tex. Sul. w. Duz Co.. Inc., A... Earl Radio Corp. East Gas & F' Asso East States Power B Bastern Utll I Eisler Elec Cor Kl Bond & Sh pt (). - El Pow Associates & €1 Pow Associates. . EIP & L2dpt A (7). ‘Bl Em’G&F curn-pf (8). Empire Pwr Corp(2) Bngineers Gold Eureka Pipe Line(4) 1 Evans Wallow Lead. rics Finishing. .o Faircnild Aviation. .. Fokker Asireraft. . Foltis Fischer Corp. 21% 1 10% 21% 10 20 0% 37 10 26 Garlock PKg (1.20) 20 4 Gén'al Alloys (80¢) 13 27% 104 Gen La i9% 104 Gen muA Guilities. % 24 Gea Theat Eguip vie 50 35K Gilbert (A C) (334). 169% 80 Gien Alden Conl +10) 28 1244 Globe Underwriters. 2% W GoldCoin...... 27% 3. Gold Seal EI Golden Center.... Goldfield Consol Goldm ¥ach T Gorham Inc of (3).. Goth Knitbae Mach. Gram'ph'ne rets 2.91 Gragmoe Corp ... 4 1 Gr A & P'Tea of iT) I‘Ol Greenfield TIDQD’.. Groe Stors Prod vie. Ground Griprit1i). GuentherLaw...... Gulloflol k). * 36% 'IM Hall Printing(11%). Happinesa Candy . Haygart Corp. Ha Illlll QI’B H!I:"I. QOII l\h Houston Gu Hydro El Serv (YZ) . ekeye Pipe L (15) 83 wonnBand 13-+ > - Srein ._.,.....is_.z.. 182 3 Topor - TR o 3% - . 22% B 11% u',- 2";.; EE ll!fi 42 42% 19 19% 58 28 & o o B4 246 2‘. M( 0- L Uy = . T L P Tor ST STOPRTTRS ST (PP 710 . 1008 1565 Y% & 48 1 ll M 168 3 % 6 &« 17% 1 % 25 23% 1 16% 166 3% 50 * 144'; l““ 144% 106 106 106 10 Il% 8% 73% 1% ]1 lflfl 102% 102% 102% 23~ 22 - 22% * 9% 384 35 38 2% B 24 24 25% 35 116% 116 62 50 63 3 18 14 1% 1t 20 20 2% 2% 1345 IlI% W 8% 35 2% 24 6% 115% b1% 63 18 1% 20 274 132% 24% 1% 36% 20% 10% 89 105 6% Imp O1l Can n (50¢). Indias % Indus Fin ev pt (7). 1008 Ingull ULl Inv. 70 . Insull Ut In 2d pf 40% L Eq. 14% l"Aer 42) (1. 5 Itallan Superp war. 15% Jon & Ncum of (3).. 25 Kleinert Co (2% 1% Kolster-Br (Am Sh). 8% Lakey F & I (12.40) 10 Landay Brothers (3) 31 Lane Bryan tine (2). 63 ‘Lehman (The) Corp. 2 LeonardOil... 11% Libby McNeill & 12% Lily Tulip Cup Corp. 18 Lionoil 8 Lit Brothers (1) 28 LoneStGan (30¢). land Lt (40¢) . 103 5 Isld Lt of (7). 3% Louisiana Lan & Ex 20% Mac Marr Stores.... - 7 Marconi Int M 623%e. 7 MWT Ltd b'r'rshé2e. 28 Mar Midland Corp... 10 Marion Steam lllqv. H I e i wsabassan v aneE-Caversnne S 91 113 14% - “ -.-.a!» 9% Memph Nat Gas Co.. 1% Mesabi Iren... - 5 Mot & Min Ine (1. Il% Met Chain Stores.... Mexico-Ohie Ofl. Mid West Util (b8%) Mid W Util v, pf(8). Mid Rovalty ey of : Midld Stl Prod t5.93. Midvate Co ¢ Milgrim & Br Min Corp of C (25e). Mo-Kan P L (L% Montecatin{ del % Moun & Gulf (. Municipal Servie Nat Aviation. . Nat Amer Co (2) Nat Biseuit Co n: Nat Fam Stre (1. Nat Investors (new) Nat Pub Serv B 1.60. Nat Sugar NJ (2)... Nat) Trade Journal.. Nat Unlon Radie Nehi Corpn (1.30). Nelson (Herman) (2)’ Nevada Cal Elec Newberry (1) (1.10) New Brad Oil (50e) .. New Eng Fueln. . Newmont Min ($4)... NY & Hond Ros 2% N Y Invest (120)... NY Invest (war)... N Y Merchand $33%.. N Y Pet Rovalty (1). Hud Pw A war., e 258w B nnmmana PR ampansnS~onar-s - N N N Niles Bement Pond. . 1, Nipissing (30c: Noma El Cor Noranda Min: North Am Aviation. . North St Pow A (8). North St Pow pf (7). N W Engineer (2). Novadel Azene (2).. Qhlo Brass B (5) Ohio Copper. Ohlo OIl (+2%.. Oflstocks Ltd A $50e (3.50).. 2 o - . » 1 TTETNOIVIIITE PN £ SO TS og Petrolm Corp (1%). Philip Morris Ine. Philippe (L) A € Pitney B P n(20c Pitts& L E (5) : Pit{sbgh Plate G 3. Piymouth OHf 12)... Pugll’luv! Yo 108 Rwy & Lt Sec (14) Radio uets. Rainbow Lum ProdA Rainbow Lum ProaB. Red Warrior. . Relter-Foster (10¢). Roosevelt Field.Ine Ryan Consolidated. . St Anthony Gold. BARNHAENEN S ANNARRANORDD NN RS (40e) 9 Sait Creek Prod (2). % Savoy Oil...... Schiff (The) Co ll). &Zanpf3%.. res «® ® 1% Sonora Preducts 1% So Am Gold & Pl 4 SolIce & Utilitfe 36% South Penp Oil (2).. 98 80 SEP&Loprof(4 110% 100 S EP &L nf(7). 21% 6% Southern Corp. . 24 . 11% Southland Roy (1).. 123% 114 S W Bell Telpf (7).. 26 9% ¥ W Dairy Products. 4% Spanish & Gen Rex. . 46 Stand Oll of Ind 12% Stand of Ky (12)... St Ol of Ohlo (23%4). 49% Stand Pow & Lt. .. 10% Stein Cosmetica Ine. o ¥ 7 98 4874 129 189 ;'-'-: L=t 2% Sthts Motor Car.. 53 Sullivan ulchlm( 149% 121% Swift & Co (¢ 26 10 Syrae Wasb M 59% 19 Taggart Cofp 180 40% Tampa Electrie (12) 10% 4 Teck Hughes (60¢). . 7% Texon Oil & Lan 19 Thermoid Co (2). 26% Third Nat Inv (1) 69% 183 Thomp Prod A (12). % Tobicco Pr Experis. B T N e e e L T e 21509284 310 284 310 9 28 28 2T% 27T% 10% 37% 3%k 2 28% Ign\- 10!‘. BRoomanBank 92| cording to Tecelpts by Unit Milk Prod pf United Molasses Ltd United Porto Ric Ca. Unit Reproducers B. 2 Unit Sh Mch (13%).. 2 3. USFoll B (1 l'lllnledl”‘)- A \ Unit Verde Bxt (4).. 3 Unity Gold. L) r.wn&h!(il). Utility & Ind. .. Util & Ind pf (1%).. Utility Equities..... 76%. Vacuum Ol (14%).. Baltimore Markets Spectal Dispateh to The Star. BALTIMORE, Md., November 27.— Potatoes, white, barrel, 1.50a4.00; 100-pound sacks, 1.7542.50; sweet pota- toes, barrel, 1.50a2.75; bushel, 75a1.35; barrel, 1.50a2.50; beans, bushel, 3.00a 4.50; beets, 100, 3.0024.00; sprouts, quart, 1215a15; cabbage, basket, 35260; carrots, 100, 2.00a4.00; caulifiower, crate, 2.25a3.00; celery, crate, 1.75a3.00; cucumbers, hamper, 5.50a6.50; egg- plants, crate, 3.00a4.00; lettuce, basket, 75a1.00; onions, 100 Imdl. 1.50a1.75; box 3.2504.75; oranges, bo: pears, bushel, 2.0004.50; box, 2.2603.25. Dairy Markets. Poultry, alive—Turkeys, pound, 30a 32; old and crooked breasts, 25: young chickens, 24a37; ughoflu 22; nld hens, 22a27; Leghorns, poor and thi fowl, !‘hll old’ MMI 18a20; ducks, each, 40260 tangerin shoice, pound, 41a46; ladles, 3 31a32; store packed, 22; process butter, 40841, Live Stock Market, Cattle—Recelpts, 200 head; light sup- ply, market steady. 44 Steers—Choice to prime, none; good to choice, none; medium to good, 11.00 to 12.00; fair to medium, 10.00 to 11.00; plain to fair, 900 to 10.00; common to o 9. mon to pllln 6.00 to 1 m cows and Springers, 60.00 to Sheep and lamps—Receipts, 150 head: light supply, market steady. Sheep, 2.00 to 6.00; lambs, 6.50:to 13.75. 400 head; light 2 spot, r‘%llnur. “garlicky, Novamhor 1.23%: Decem- R L T e e 1.11; cob corn, new, 4.50. Oats—No. 2 white domestic, spot, 55a 383 No. 3 ‘white domestic, spot, 548 4. g’yw—mmy, IM ay—Receipts, old hay is about ovil’ upon which to tions by order new hay grades. in good sells at from 14.00a17.00 per ton, ac- to its qnnmy lnd condition, Season, for A gme new traw--Little ‘demand for straw. Re- ceipts generally am) Wheat, straw, No. 1, per tom, 10.00; oat straw, No. 1, per ton, 9.00a10.00. 4 GRAIN MARKET. CHICAGO, November 27 (#).—Ad- vancing ‘prices 'characterized wheat today, especially during the late dealings. Among the reasons ap- parent was the fact that the Liverpool market “had ‘gained about 2 cents‘a bushel on Chicago in the last two days, making the difference about the widest yet this season. Furthermore, notice was taken that the world’s wheat avail- sble supply was decreasing and showed a disappearance of 108,000,000 bushels | 3 in about two m8nths, whereas at this ume last year the mpply was lnmu- Whelt closed unmued 5 to 1 w bushel above yesterday's nnuh. P Corn closed ' unchanged to % : oats at liali decline to an equal a "nul lsd provisions unchanged to a § S #2 888 ?g g_fi ;'8'3" 2z Curtiss l’nenuel “Dividend. NEW YORK, Novmber 27 (M) —-Th! Curtiss e & record “had been paying 50 ly. CHICAGO DAIRY MARKET. CHICAGO, November 27 (#)—But- - “YM mllbl th g el NEW YORK COTTON. NEW YORK, November 27 Cotton opened steady at.a decline to 14 nts, which was only & partial the weakness of the um- Liverpool. American uuhu holdnnl An t-, nental selling in the Liverpool market. 8 24% 2 30 % 58% 3 2% 10 .70, Wll[r 4% 4% annual payment. Sales 'DOMESTIC BONDS. in muuundl High. 20 Alabams Pow 4128 67 081 9814 Low. Noor. 952 gagrzziy f T R TR 9 Q! = 8 ...,!Po SeSesuli-N, i SoveyEg 0550, S0 oy i 2 {1+ waSumeSsu 225 5 N 3| H .._gé. 55 H 5 3 5o i & e U" “’i-;’- - 555 ] 2 s FRRT 3288323322323333 i B orrs e es ™ e B §OF O RSERE 2 222888382228333! S COEREL fEr iy (] L1y GGG S > g 12 ®, —E-FuShveSunume-ud > & 2 & W 3 =3zg32nse: SN 5 283328322828 28322883 a FOREIGN EXCHANGE. (Quotations furnighed by W, B. Hisbe & Oo.) Nomine el ecxs care of most | P, T Zurich, franc. Athens. drachim: Madr! o Cope! gen. Soindlim "siown TREASURY CERTIFICATES. SHORT-TERM s:clmrrm. (Reported by J. & W. lllll'lllilh Oo.) SR I i W Jors Tum. {m Ds Pel Sinclair crude oil Standard Ol of X o Ir. &t L Beum'eu]. Druy Western Bieetric 'I Wheeling Steel Oorp. lh,' + ARUNDEL COI!ORATIOR BALTIMORE, Nuvember 27 (lDC- cial) —Net umln& of Arundel tion for tober lmwntefi $322,025. Net earnings for monm ended October 31 wmua $1,- $462,000, as sEx-dividend. tPartly extra. $Plus extrs cash or atock. b Payable in stock. d Pavable in preferred stock. Ve Vick Fin Corp. . Vogt HI’[C. @). Walker u{) a) Walker Mining. Wenden Copper. Willams R C (1.40). le" Petroleum. 01l & G !onlu Prod ( RIGHTS Expire. Dec. 5 # % Jan. ¢ 1.25.25 25 .25 Dividend r-m_ln dollars based on last quarterly or semi- D th!nhh 1n stoek. BY CLINTON COFFIN, Associated Press’ Financial \Vriter. Public appetite for investment in securities having been more than or- of the last month, it is not at all sur- prising now to note a decided. increase | efforts of the in the demand for stapdard, arable farm land over better farming sections of the United States. It so happens that the Federal Land Bank system, & Government agency, in connection with its mortgage loans of about $1,- 000,000,000 now outstanding, has had through its regional banks to take over a large amount of developed farm prop- meet loan liabilities during recent years, and ‘keeps continual touch with the farm land market in consequence. ‘This week one of the dogzen regional land banks composing the system noti- fled Paul Bestor, Federal Farm Loan Commissioner, that it had been able in the last month to sell $100,000 worth % | of its farm realty, or three times as much as it had been able to market in 4 |any single previous month for a year. ‘The same trend 1s e the com- missioner added, hy & pick-up of farm land sales reported in gions, s0 that the tendency can hlfly be deemed national. Little doubt is felt but that the rather decided move toward farm realty invesf . can be considered one of the ns from the prolonged period of security spec- 3 | ulation, and, there is some chance that the farm land selling lMI.I?hnow shown g will get more atten hnl recently in the United States. Sudden recession of interest rate levehmin the great M‘b ken ] now work ou Taintained o stimilate the nciplen for months it has sold no bonds, partly because the banks have been able to meet the demands for new yments coming in from late the regional banks been buying back-their bonds to the extent of $6,000,000 or so, at dis- coun ‘10 per cent below bond prices , the instance, ave but one plane each 24 houn be- tween Columbus, Ohio, and Kansas been automatic regularity lately, the t: has d far below uufity‘r:?;d ave - By the Associated Press. FLYING CLUB FORMED. First N. A, A. Organization Is Launched in Philadelphia. HIA (P),—The first NEW YORK, November 27.—New se- | Broad inelude: ur’ company. Assets st hnd at $5,138,000 and current labilities at $688,000. MONEY MARKET. . NEW YORK, November 27 (#).—The uvply of money avallable for call amarket use was abundant today with the demand light. Loans were made in the outside mnm at 31 per cent, but official rate held throughout the day at the renewal pnlnt of 4% per cent. Time money was dull, with shorter maturities quoted at 4% to 5 per cent. Bankers’ acceptances were unchanged. METAL MARKET. RN 3 ) a - steady; hanged, Tin na nurliy. 40.50; future, New York, t. lnul.l m Zine easy; "f 8t. ,’ia .+ spot. and future, 6.00. . NEW ture, 1 Lafayette resentative in the club David W. Guy. who has % W‘L one enemy plane to NEW CORN ARRIVES. lALTmORl. November 27 - clal).—The olnvwno‘l‘fha SRrEnsaRI Y John M. Gressitt & Co. mew'-;d‘:’. Last year the first corn brouy $1.05 per bushel, Gelivered. . SILVER QUOTATIONS. NEW YORK, Nov 27 ‘Bar silver, 49%,. Mexic — dollars, 36%2. . 18-Cent Level Ouo(ed hy Producers Seems to Be Stabilized. BY CHARLES F. SPEARE. l:»em Dispatch to The Star. ‘YORK, November. 27.- —'rhe copper_producers to hold the market for copper against the demands of 20 dinarily upset by stock market declines :houxh erty because of fallure of owners to|} terest would wel l:.t:n price oltuput rd movement in lr On November 1 o several other re- | per TRIHE SUN SPOTS ON WM‘E;* From the Los Angeles Times. Clearing House ‘Statement. _ NEW YORK, Novem! 27 () New York Clearing H statement: f;:;w. $1,398,000,000. ,&hncn. —— NEW YORK BANK STOCKS. Special Dispatch to The Star. NEW YORK, November 27.— Ametiea ... »: 5353 BEaapteSsn y New York Stock and Bond Averages. Prom the 5:30 Edition. By the Associnted Press. i, e A