Evening star. [volume] (Washington, D.C.) 1854-1972, November 01, 1927, Image 14

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Evening star. [volume], November 01, 1927, Page 14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 01 Nov. 1927. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1927-11-01/ed-1/seq-14/>

Newspaper Page Text

14
STOCKS SELL OFF
IN LATE DEALINGS
Belling Centers on General
Rotors —Tobaccos Strength
Is Feature.
BY GEORGE T. HUGHES.
fpeoiat Dispatch to The Star.
NEW YORK, November I.—Heavy
bealizing in the last quarter of an
sour of today’s stock market session
parried prices down rather sharply.
f'p to that time the market had been
lmost uniformly strong.
The late selling affected especially
Jjeneral Motors, which showed a loss
Ei the day at the close. Other fea
ires at the end were the strength
the tobacco stocks and the weak
&ess in Mack Trucks.
The most reassuring thing about to
lay’s trading was the recovery in
United States Steel. It was the sensi
tiveness of Steel that had made the
Fhole market look so doubtful all
jirough the liquidating movement of
Friday and Saturday, and the fact
piat Steel was so much Slower to re
cover than General Motors yesterday
Fas widely commented upon. Today,
lowever, all that was changed and
Steel led the way instead of General
jlotors, and that, too, without any
lhange In the trade position.
Block Off the Market.
One report had it that a large block
)f Steel, which had been overhang
tig the market, had been cared for.
The only published news was the
Itatement in behalf of the du Ponts to
die effect that the corporation had
ieen neither a buyer nor a seller of
Reel since its original investment com
nitment. It was added that in view of
Jhe attitude of the favorable trade
tommission the holdings of the com
pany would not be increased.
Another encouraging feature today
Has the improvement in the high
rrade railroad shares. Chesapeake &
Ohio stood out with a gain of over 3
joints. Atchison was higher and so
Has New York Central and Union Pa
liflc. The inference was that these
Itocks were no longer under the pres
lure of sales by speculators forced to
(rotect holdings in other parts of the
st.
Most of the oils did better today. An
ixception was Atlantic Refining, which
Fas affected by the third quarter
Itatement showing net for the com-
Don stock of only 11.97 a share
Igainst $4.93 a share in the same pe
riod a year ago. Marland & Phillips,
lowever, advanced and so did the
ipeculative favorites. General Asphalt
ind Houston Oil. Producers and Re
iners staged an independent recovery.
Radio One of Features.
Features among the industrials in
cluded Radio, at the best since 1923
H it touched 77, and American Ex
jress, which added materially to its
l-point jump of the day before. Op
timistic predictions were in circulation
is to the showing Radio would make
for the full year. There was talk also
If merger developments. Rossia In
|uranee went through its now cus
tomary rapid fluctuations. American
Machine and Foundry went to another
lew high above 166.
There were exceptions to the trend,
>ne of them being the rubber stocks,
Fhich were adversely influenced by
he cutting of prices on tires by one
jroducer. American Sugar rallied
Irorn its precipitate drop in the last
|ve minutes of yesterday’s trading,
{tut sentiment toward the sugar
lhares was not improved. White
Rotors was the weak member of the
tutomobile group.
Washington Stock Exchange
' SALES.
Canital Traction Co.—lo at 109.
Potomac Electric old. 5% a—s at 106 %. 6
tt 100%. 10 at 106%.
. federal-American National Bank—l at
139.
Colombia Sand A Gravel Dfd.—lo at 103.
American Security A Trust Co.—lo at 456.
iO at 455.
National Mtjre. A Inv. Dfd.—so at 6%.
10 at 6%.
AFTER CALL.
Washington Gas Light—3o at Bm. 10
It 81 tt.
Norfolk A Washington Steamboat Co.—9
it 298.
Washington Rwy. A Elec. nfd.—s at 99 % .
Herrenthaler Linotrm—2o at 111*4. 2
it 11114.
Federal-American Co. com.—2o at 3944.
Washington Gat 6s B—SIOO at 10444.
Capital Traction Co. —20 at 10944. 7 at
109 44. 18 at 10944.
Washington Gas 6a “A”—S100 at 102%.
Washington Gas 6s ‘’B”—ssoo at 105 44.
Money—Call loans. 5 and 6 Der cent.
BONDS.
Bid and Asked Prices.
PUBLIC UTILITY.
Bid. Asked.
imer. Tel. A Telga. 4a 99% . .7..
kmer Tel. A Telga. 444a... 101
Jim. Tel. A Tel. ctl. tr. 55... 10444
knacoatia A Pot. R. R. 5a.. 98%
knacostia A Pot. guar. 5a... 98%
ST A P. Telephone 5a 1014a
5. A P. Tel of Va. 5a 102
t aoital Traction R. R. 6a... 102
:ity A Suburban 6a 98
Georgetown Gas Ist 5a.... 102
•otomac Elec, let 6a 101 10144
•otomac Elec. cona. 5s 102 44 103%
Potomac Elec. 6a 1953 108 108%
Fash.. Alex. A Mt. Ver. sa. 444
Wash.. Alex. A Mt. V. ctfa... 4
Vash.. Balt. A Annap. 55.. 85
Vashington Gas 5a 102%
Vaeh Gas 6s. aerie* A.... 104%
Vash. Gas 6a. series 8.... 10544
Vash Rwy. A Elec. 4a.... 89 90
Wash. Rwy. A Elec. gen. 6s. 10344 104%
MISCELLANEOUS.
barber A Rosa. Inc.. 6%a.. 96% 98
:hestnut Farm Daily 6%5.. 105% 106
’hew Chase Club 6%s 101
> C. Paper 6s 94 97
’ot. Joint Stock I/d Bk. 6s. 100
Wash Mkt. A Cold Stor. 5a 96
W'ardman Park Hotel 5%a. . 96% 98
STOCKS.
PUBLIC UTILITY.
A mer. Tel. A Telga 173 44
Traction 109 10944
Washington Gas 81*4
Norfolk A Wash Steamboat. 295
Potomac Elec. pfd. 6s Ill*4 312%
Potomac Elec. pfd. 5%5... 10644 1064?
Wash. Rwy. A Bed. <-0m... 350
Wash. Rwy .& Elec, pfd 99% 100 4*
NATIONAL BANK.
National Capital 275
Columbia _ 390
Commercial 265 271
District 250 260
Farmers A Mechanics’ 300 335
Federal-Amencan 339 345
Liberty 242 250
Lincoln 400
Nntional Metropolitan 400 420
Rlsrg* 499 605
Second 265
National Bank of Wash 315 330
TRU9T COMPANY.
>.mer. Security A Trust Co.. 454
Continental 130
Merchants' Bank 152 154
National Savings A Trust... 530 575
Union Trust 300 310
Wash. Loan A Trust 495
SAVINGS BANE.
Rank of Bethe*da 56 .....
Cnmmeroe A Savin?* 315
East Waishinxton 35
Potomac Savin** 295
Eeeursiy Sav. A Com 435 475
Seventh Street 290
(United State* 550
Wauhinxton Mechanics’ 50
EIRE INSURANCE.
Ameriean 300 .....
Corcoran 170
Firemen'* 25
National Union 10 .....
TITLE INSURANCE.
Columbia Title.. 12
Real E*tate Title 105 . ....
Title Inv. Co. of Md. corn... 65 00
MISCELLANEOUS.
Barber & Ro»*. Inc., com... 36 3014
t hew Chase Dairy pM ... 105 107
t'ommercial Nat. Co. pit].... 108 . ....
D. C Paper Mf* pfd »3 100
I'ol. Sand it Gravel pid 102',i 103
Federal Storage pfd 100 110
Federal-American com 30 41
Federal-Ameriean pfd 101 ....
I.aneton Monotype 106 % 107
Merchant*’ Tran AStor..... 125 135
Merchant*' Tran A Stor. Old. 103[4 104
Mer*ei«thaler Linotype 111% 11 2.,
Natl Mtxe. A Inv. pfd • % 0%
People* Drug Store* pid *ll7 122
Security Storage 128 .....
Sanitary Grocery Co. pid.... 102 102%
Washington Market 60 ~. .
Warh Mech Mtxe. com.. .. 11 14
Wash Medical Bldr Corn... 123 ... .
Woodward A Lothrop pid. .. 100 109
•Ex dividend.
: SILVEE QUOTATIONS.
J NEW YORK, November 1 OP) —Bar
%Uver. bi 7 Ai Me*Joan dollar*, 4114.
'FINANCIAL.'
I NEW YORK STOCK EXCHANGE j
Received by Private Wire Direct to The Star Office.
Open High Low Close
Abttlbl Pow (6). 129 h 131 129% 129%
Abrahm&Straus 104 105 104 104
Adams Exp |6). 170 172 170 172
Adv Rumley.... 9 9 9 9
Ahumada Lead.. 3% 3% 344 3*4
Air Reductnf t7) 174% 174% 174% 174%
Ajax Rubber.... 7% 7% 7% 7%
Alaska Juneau.. 144 144 144 144
Albany Papr(2). 204* 20% 2044 20%
Allied Chem (6) 147 147% 145% 145%
Allis Chaim (6) 11044 11044 11044 U 044
Amal Leather pf 75 75 75 75
Amerada <23.... 29% 29% 29 29%
Am Agricul Chm 10% 114a 1044 11%
AmAgrlChpf.. 3844 41 38% 40%
Am Bk Npf (3). 5944 5944 59 59
AmßeetSug... 16 16 15% 15%
Am Beet Sug pf. 3844 3844 3844 3844
Am Bosch 22% 2344 22% 23
Am Br Sb (J 1.60) 38 3844 38 38%
Am B Shoe pf(7) 123 123 123 123
Am Brown Bov. 8% 8% 8% 8%
Am Brown Bo pf 48 48 49 48
Am Can (2) 61% 64 6144 6344
Am Can pf (7).. 134 134 134 134
AmCar&Fdy (6 9944 9944 9944 9944
AmC&Kpf 17). 126% 126% 126% 126%
Am Chicle (3).. 70% 70% 69% 69%
Am Drug (80c).. 14 1444 14 1444
Am Express (6). 170 173 170 171%
Am & For Pow.. 24% 2444 24% 24%
5 Am&Fo Po pf (7) 105 105 104% 104%
l Am Hide & Lea. 11% 11% 11% 11%
’Am Hide & L pf. 55% 55% 55% 55%
Am HoP <240). 594-4 60% 59% 59%
■ American Jce(2) 27% 27% 26% 27
r Am internatl(2) 49% 50 49% 50
Am La France.. 6% 6% 6% 6%
Am Linseed..... 60% 61% 60% 60%
Am Linseed pf.. 88% 88% 88% 88%
AmLocumot (!) 103% 1034 s 102 102
Am Loco pf(7).. 124% 124% 124% 1244'*
Ant Machine (2) 165 167 160 160
AmMa&Fy pf(7) 220 225 217 220
Am Metals (3).. 41% 41% 41% 41%
Am Plano (3j... 33 33 33 33
Am Po &Lt (fl) 66% 66% 65% 6644
Am Radiator (5) 130 130 128% 129%
Am Ry Exp (6). 99% 105% 99% 105%
Am Republic.... 40% 4044 40 40
Am Safetyß(!3) 56 56 56 56
Am Seating (t 4) 40 40 40 40
Am Shipbldg (8) 104 104 104 104
Am Ship & Coin. 3 3% 3 3
Am Smelting (8) 161 162% 160% 160%
Am S& R pf(7). 130% 130% 130% 130%
Am Snuff (12).. 136 136 134 134
Am Stl Fdys (3). 46% 46% 46% 46%
Am Sugar (6)... 72 72 63% 66
Am Sugar pf (7) 107 107 106 106
Am Sumatra.... 61% 62% 61% 62
Am Tel & Tel (9: 174V* 174% 1744* 174%
Am Tobacco (8). 165% 165% 163% 163%
AmTobaccoß(B) 165% 165% 163% 164%
Am Tobac pf (6) 115% 115% 115% 115%
Am Type pf (7). 112% 112% 112% 112%
AmVV WimSOc) 62% 63% 62 63
AmWWks pf (6). 100 100 100 100
Am Woolen 214 k 21% 21% 21%
Am Woolen pf.. 52 52 51% 51%
AmWritPactfs 21% 21% 21% 21%
Am Zinc 6 6 6 6
Am Zinc pf 38% 38% 38 38
Anaconda (3)... 45% 45% 45% 45%
Arch-Dan pf (7) 111% 111% 111% 111%
Armour Del pf (7) 83 83% 82% 82%
ArmourofllMA) 10% 10% 10 10
Armour oflll(B) 6% 6% 6 6
Armour 111 pf (7) 63% 63% 6344 63%
Arnold Con&Co.. 35 35 35 35
Asso Dry G (2%) 46% 46% 46% 46%
Asso DO Ist (6) 108% 108% 108% 108%
Asso DG 2d (7). 110 110 110 110
Atchison (UO).. 181% 183% 181% 18144
Atchison pf (5). 102% 102% 1024* 102%
AtICL(TB%).. 182% 184 182% 184
Atl Gulf & Wl.. 34% 34% 33% 34%
All Gulf&Wl pf. 334 s 33% 33 33
Atl Refining (4). 114V* 115% 114% 115%
Atlas Pow pf <6) 103% 103% 103% 103%
Austln-Nlchols.. 5% 54k 5% 5%
Autostrap A (3) 43% 44 43% 44
Baldwin L (7).. 254 254 254 254
BaltO&O (6)... 116 116% 116 116%
Bambgr pf(6%). 109% 109% 109% 109%
Bang &Ar (3%). 67% 68 67% 68
Bang &Ar pf<7) 110% 111 110% 111
Barnet Leather. 46 46 46 46
Barnsdl A(b2%) 22% 23 22% 23
Bayuk Cigars... 9l 91 89% 89%
Bayuk Ist pf (7) 107 107 107 107
Beech-Nut (t 3). 6444 6444 64% 6444
Belding Bros (2) 21% 21% 21% 21%
Best &Co (3)... 53 53 52% 52%
Bethlehem Steel 50% 50% 49% 50
Beth Stl pf (7).. 115% 115% 115% 115%
Bloomlngdale... 38% 38% 38% 38%
Blumenthal pf.. 83 83 83 83
Briggs Mfg Co.. 20% 21% 20% 20%
Bkln-Edison (8) 173% 175 173V* 173%
Bklyn-Man (4).. 55% 56% 65% 56%
Bklyn Un Gas(s) 126 126% 124% 125
Brown Shoe (2). 46% 47% 45 46
Brunswick B (3) 33% 33% 33% 33%
Buff Roch&P (4 ) 80 80 80 80
Burns Bros (B). 18% 18% 18% 18%
Burroughs Ad(4) 127% 127V* 127% 127%
Bush Term (b 8). 65 65 64% 64%
Busb Terde (7). 104% 105% 104% 105%
Butte&Super (2) 8% 8% 7% 7%
Byer&Co 81% 83% 81 81
Byer &Co pf (7) 110 110 110 110
By-Products (2). 69% 70 69% 70
Calif Packg (4). 65 65 65 65
Calif Petm (1).. 21% 21% 21% 21%
Callahan Zinc... 1% 1% 1% l%
Calumet &Ar (6) 85 85% 84% 84%
Calu & Hecla (2) 16% 16% 16% 16%
Can Dry (»314).. 48% 49% 48% 49
Can Pacific (10). 1874 S 188% 18744 187%
Can Pac Ist pd.. 184% 186 184% 185
CarCl&Osta (5) 106 106 106 104
CaseThreshg(6) 265% 268% 26544 266
Cent Alloy (2)... 25% 25% 25% 25%
CentLeatb 24 24 24 24
Century Rib M.. 13 13 12% 12%
CerrodePas (t 6) 61 61 59% 59%
Certain-Teed (4) 51 51% 50% 50%
CertoCorpn t 3% 67 67% 67 6744
Chase Nat B( 18) 559 563 559 563
Chat-Ph Bk(16). 608 508 508 508
Ches&Ohlo (10) 205 208% 205 205
C&OCorpn (3)» 81 82% 81 81%
Chi & Alton pf.. 10% 10% 10% 10%
Chi & East 111 pf 72% 72% 72% 72%
Chi Great West.. 12% 12% 12 12
Chi Ot West pf.. 27% 28% 27% 28%
Chi Mil &St P.. 15% 15% 15% 15%
Chi Mil & StP pf 28% 28% 28% 28%
CM& St P cfs.. 14% 14% 14% 14%
Cht & Nwn (4).. 88% 89% 88 88
Chi & Nwn pf(7) 144 144 144 144
Chi Pne Tool (6) 128 128 128 128
Chi Rock Is (5).. 102% 103% 102 103
CRl&Ppf<o). 102 102 102 102
CRI&Ppf (7). 108% 108% 108% 108%
Chi Yellow C< 4). 44% 44% 44% 44%
Childs ($2.40).. 55% 55% 54% 54%
Chile Co (2%).. 34 34 33% 33%
Chrlstl B (1.20). 65% 65% 65% 65%
Chrysler Cor (3) 52% 53% 52% 52%
ChryslerpfA<B>. 112% 112'% 112% 112%
City Stor A (3%) 51 51 51 51
City Stores (B).. 52% 53 52% 53
Cluett Peab (6). 82 83% 80 81%
Cluett Pea pf (7) 124% 124% 124% 124%
Coca-Cola (5)... 120% 120% 118'/* 119%
Collins &Alk(4) 93% 95% 93 94%
Colllns&A pf (7) 105 105 105 105
Col Fuel & Iron. 70V* 72 69% 69%
Col &Southn (3) 115 115 114 114
Col Gas &El (5). 88% 88% 88% 88%
Col G&E pf A (6) 107% 107% 107% 107%
Col Carbon (4).. 96 98% 95 95
Com Cred (1)... 19% 19% 19% 19%
Com In Tr pf 6% 89 89 89 89
Com Solvents!l) 163% 163% 163V* 161%
Com Powr (2%). 66% 67% 66 66%
Congoieura-Nair 23% 23% 22% 22%
Cong Cgrs(t4>4) 67'/* 68% 66V* 67%
Con Cigars (7).. 76% 76% 76 76
Consol Gas (6).. 110% 112% 110% 111%
ConsolOas pf(6) 99% 99% 99% 99%
ConßßCuba pf 6 68% 69 68% 69
Consol Textile.. 3% 4 3% 4
Cont Bakg A (4) 53 54% 53 54
Cont Baking 8.. 5% 5% 6% 5%
Cont Bak pf (8). 93Vi 93% 93% 93%
Cont Can (6).... 74 74% 74 74%
Cont Insur (6).. 224% 225 223 223
Cont Mont (80c). 9% 9% 9 9%
Corn Prod (t 3).. 68% 59% 58% 58%
Coty Inc <6).... 107 107 104% 104%
Crucible Steel <6) 79 81 79 79%
Cuba Cane Sugar 6% 5% 5% 6%
Cuba Cane Su pf a|B% 29% 28% 29%
Cuba Company.. Wo% 20% 20% 20%
Cuban Am 8 0). 19% 19% 19 19'
Cuban Am pf<7) 97% 98 97% 97%
Cuban Dom Sug. 12 12 12 12
Cudahy Pkg (4). 52% 53 62% 63
Curtiss Aero.... 47% 47% 47% 47%
Curtis Apf (7).. 113 113 113 113
Cushman's (t 4). 145 148 14% 148
Cuysmel Fruit.. 51% 51% 60 50
Davison Chem.. ’34% 34% 34 34
Deere&Copf (7) 123 124 122 V. 122%
Del & Hud (9).. 180% 180% 179% 179%
Del L& W <t7). 131% 131% 130% 130%
DRQWstpf... 61% 51% 51% 51%
Devoe &R< 2.40) 39 39% 38% 39%
Dlsmd Mtch(B). 134 134 134 134
Dodge Bros Cl A 14 14 14 14
Dodge pf (7).... 60% 61 60% 60%
Dome Mines (1). 10% 10% 10% 10%
Dupont (t 9%).. 304 309% 302% 302%
Eastman (t«>.* 160 160 159% 159%
Baton Axle
TIIE EVENING STAR, WASHINGTON. D. C.. TUESDAY. NOVEMBER 1. li/A
Open High Low Close.
1 Eisenlohr & Bro. 11% 11% 11% 11%
El AutoLl <t6%) 91% 91% 90 90%
Electric 80at... 17 17% 16% 16%
Elec Power &Lt 25% 26% 25% 26%
1 Elec P&Lt pf (7) 105% 105% 105% 105%
Elec Refrlgeratn 9% 9% 9'/* 9%
i End John <5)... 73% 74V* 73% 74V*
Endicott pf(7).. 124'/* 124% 124'* 124%
1 Engineers Pub S 37% 38 37% 37'%
, Eqult Bldg (7).. 88% 88% 87% 88
1 Erie RR 61 61% 60% 60%
Erie Ist pf 60% 60% 69% 59%
Erie Stm S(2 %) 31% 31% 31% 31%
1 ErieStmS cfs 2% 31% 31% 31% 31%
1 Eureka Va ft 4 % 73% 73% 71% 73
Fed Ltgt(hl.4o). 38 38% 38 38%
Fed Min&S<lo). 120 120 120 120
Fid PhoenlxH). 167 167% 162% 162%
Fifth Ave (64c). 13 13 12% 12%
First NatS(lVi). 25 25 25 25
Fisk Rubber.... 15% 15% 15% 15%
Fisk Ist pfcv(7) 97V* 97% 97% 97%
Fleischmann (3) 65% 67 66 66%
Foundation (6).. 48 48 48 48
Fox Film A (4). 71% 71% 71% 71%
Freept-Tex T 4% 92% 92% 90 90%
Gabriel Sn (3%) 38% 38% 37% 37%
Gardner Motor.. 8% 8% 8% 8%
Gen AmTnk(l). 56% 57 56% 56%
Gen Asphalt.... 84% 85% 80% 81%
Gen Asph pf (5). 127% 127% 127% 127%
Gen Cigars (4).. 69% 72% 69% 72
Gen Eleo (t 5)... 122% 125 122% 122%
GenElec sp(6oc) 11V* 11% 11% 11%
Gen Motors 129 130'% 126% 127%
Gen Mot pf (7).. 124% 124% 124V* 124V*
Gen Outdr Ad(2) 54% 54% 54 54
Gen Outdr A (4). 58% 58% 58% 58%
Gen Ry Sig (6). 120'/* 121% 118'/* 118%
Gillette Saß(to) 97% 97% 97 97
Uinibel 8r05.... 43% 43% 43 43%
Gimbl Br pf (7). 99% 99V* 99% 99%
GliddenCo 16 16'/* 16 16%
Gliddeh pr pf(7-) 90 90 90 90
Gold Dust (3)... 65% 66% 64% 64%
Goodrich Ru (4) 72% 72% 71% 71%
Goodyear Tire.. 54% 55 53Vs 53%
Goodyr Ist pf(7) 93'/* 93% 93% 93%
Gothm SH(2 %) 76% 76% 76'/* 76%
Gotham new 2% 76% 77V* 76% 77%
Gould Coupler A 4% 4% 4'/* 4%
Granby Con Min 32% 32% 32 32%
Grt North pf (5) 96% 98 96% 97%
Gt Nor pf cfs(s) 95 95 95 95
Grt Nor O (1%). 22% 23% 22% 23
Grt Wes S(2.80) 36% 36% 3614 36%
Ureen Canan.... 81% 84% 81% 84
Gulf Mo & Nor.. 60 53% 50 51
GuM&Npf 16) 106 107 106 107
Gulf States Steel 41% 41% 41V* 41%
Hacknsk A(l%) 23% 23% 23% 23%
Hanna Ist pf.... 61V* 61'/* 61% 61'%
Hartman A (2).. 23% 23V* 23V* 23%
Hrtn B blo%stk. 21% 21% 21% 21%
Hoe &Co A 29% 29% 29% 29%
Hollander & Son 36V* 364 36 36%
Houshid P(3 % ) 65 65 65 65
Houston 0i1....* 139% 145V* 138% 140%
Howe Sound (4). 36% 36V* 36V* 36%
Hud Man (2%). 54 54% 53% 53%
Hudson Mot 1 5) 68V* 68% 66'% 66%
Hupp Matt 1.40). 19 19% 19 19%
Illinois Cen (7). 130 130% 130 130%
lndep Oil t1)... 25 25% 24% 24%
Indian Mot (1 %) 32% 32% 32% 32%
Indian Refining. 8% 9 8% 9
Inland St (2%).. 50% 51 50% 51
Inspiration Copr 17% 17% 17% 17%
interboroUapTr 35% 35% 35% 35%
Intcontl Rub(l). 11% 11% 11% 11%
lnternat Agrl..9 9 9 9
Intßus Ma (4).. 91% 92 90 90
Int Cement (4).. 55V* 56% 55% 55%
lnt Com Eng (2) 41% 42% 40% 41%
lnt Harv (J 6)... 208 209% 207 207
Inter Har pf (7). 134% 134% 134% 134%
IntMtch pf(3.20) 83% 84V* 83V* 83%
lnt Mer Marine.. 4V* 4% 4% 4%
lnt Mer Mar pf. 36% 38'/* 36% 37%
Int Nickel (2)... 64% 64% 64% 64%
Inti Paper (2.40) 63% 65 63% 63%
Int Paper pf (7). 103% 103% 103% 103%
Inti Silver 189% 189% 189% 189%
Inti Silver pf(7) 124 124 124 124
IntTei&Tel (6) 145 146% 144V# 144%
Jewel Tea 72 72 72 72
Jones Bros Tea. 23% 24V* 23% 24
Jones &Lau (7). 120% 120% 120V* 120%
Jordan Motor... 14% 14% 14 14
Kan City South.. 57'% 59% 57% 67%
Kayser J (4).... 57 57% 56% 56%
Kelly-Spring.... 26 26 23% 25%
Kelly Tire 8% pf 86% 86V* 86% 86%
Kels-Hayes (2). 22 22 22 22
Kennecott C (5). 73 73% 72% 72%
Keystone T& R. % % * % %
Kinney pf (8)... 81% 81% 81% 81%
Kraft Ch (11%) 52 52 51% 51%
Kresge (1.20)... 68 68% 67% 67%
KresgeSS pf<B) 115% 115% 115% 115%
Kress S H (hi).. 85V* 86% 83 83
LagoOlJ (75c).. 32% 32% 32% 32%
Lambert Co (t 6) 85% 85% 84'% 85
Lee Tire & Rub. 13 i 3% 13 13%
Lehigh Val<3%). 90 91% 89% 89%
Lehn & Fink (3) 36% 36% 36% 36%
LifeSav (1.60).. 22 22 21V* 21%
Lig & Myrs(ft4) 120% 120% 120% 120%
Ltg&Myrsß <f4) 120% 120% 120% 120%
Lima Loco (4).. 63% 54 52% 52%
Llq Carb (3.60). 55 55 52% 53%
Loew’s Inc (2).. 56% 57% 56% 56%
Loft 5V* 5V* 5% s'/*
Loose-Wil(1.60) 48% 49% 48% 48%
Lorillard Co .. 36% 36% 36V* 36%
Louisiana 0i1... 10'/* 10% 10% 10%
La Oil pf (6%). 86% 86% 86% 86%
LouisGasAl 1./5) 26'/* 26% 26 26V*
Louis &Nash<7) 146% 146% 146% 146%
Ludlum Steel(2) 20% 20% 20'/* 20%
McCrory (1.60).. 78% 78% 78% 78%
AlcCrory B (1.60) 82 82 81 81
Mack Truck (6) 104V* 104% 98% 99
Mad Sp Gar (1). 24 24% 24 24%
Magma Cop (3).. 47V* 47% 46V* 46'%
Mallison & C 0... 15% 15V* 15% 15%
Manati Sugar... 30 30 30 30
Manatl Sugar pf. 48 48 48 48
Man El Sup (5). 46% 46% 45 45
Man El m g (d 5) 46 46 45% 45%
Man Shirt (2)... 31V* 32 31V* 32
Marland OIJ 34V* 34% 34 34
Mar Rock(t3%). 43 43 42% 42%
Mathleson (4)... 114V* 114% 113% 114%
May Dept S (4). 85 85% 85 85%
Maytag <t2%).. 30% 31 30% 30%
Miami Cop (1).. 14% 14% 14% 14%
Mid-Continent.. 26% 27V* 26% 27
Mid-Cont pf (7). 103 103 102 102
Middle States... 2% 2V« 2 2%
Mid States Oil ct 1% 1% i% 1%
Midland pf (tl2) 172 175 172 174
Miller Rub (2).. 24% 24% 24V* 24V*
Minn &St Louis. 2% 2% 2% 2%
MinSt P&SSM. 41% 41V* 41% 41V#
MStP&SSM 11(4) 69 V* 69% 68% 68%
Mo Kan & Tex.. 39% 40% 38% 40%
Mo K &T pf (6). 104% 104% 104% 104%
Missouri i'aciflc. 51% 52% 51V* 51%
Missouri Pac pf. 108% 108% 108 108
Montana Pow (5) 103 103% 102 102
Montgmry Wt 4). 83 83% 81 81%
Moon Motor 7% 7% 7'% *7%
Mors&Esk<3%). 86% 86% 86V* 86 V*
Mother L (500.. 1% 1% 1% 1%
Motion Pic Corp. 7% 7% 7% 7%
Motor Met (3.60) 19'% 19% 19V* 19%
Motor Whi (2).. 25'/* 25V* 25V* 25V*
Mullins 80dy... 57% 58% 57% 58%
Munsingwr <3)., 46% 47 46% 47
1 Murray Corpn... 18V* 18% 18V* 18%
Nash Motor(ts). 83% 84V* 82% 82%
Nat Acme (sta). 7V* 7V* 7V* 7V*
Nat Bellas Hess. 38% 38% 38% 38%
Nat Blscult(f7). 144 145% 144 145
Nat Cash R (A)3 43 43 42% 43
Nal City Bk (20) 699 705% €9B 700
Natl Dairy (3).. 61 61% 61 61
Nat Distillers... 46V* 47% 45V* 45%
1 Nat Enamel &S. 26 26 26 26
Nat Lead (5).... 115 115V* 115 115
Nat Pw&Lt (80c) 22% 22% 22% 22%
Nat Supply (4). 86% 86% 86% 86%
Nat Surety (10). 275 276 275 276
Nat Tea (4) 162 162 162 162
Nevada C(1%).. 15% 16 15% 15%
N Y Air Br (3).. 40% 40% 40 40%
N Y Cent (8) 158% 159% 158 158
' NYC&StL pf(6). 107% 107% 107% 107%
' NY Dock 53 53 53 53
1 NY Dock pf (5).. 85 85 85 85
' NY NH & Hart.. 61V* 51% 50% 50%
' NY NH&H pf(7) 110% 111% 110% 110%
' NY Ont& W (1). 36% 36% 35% 35%
* NY Steam pf (6) 100% 100% 99% 99%
NY Stm pf A (7) 110% 110% 110% 110%
' Nlag Lock pf.... 114 114 114 114
Norfolk South.. 41% 42 41% 42
Norf & W (8)... 183% 184 183% 183%
' NorAm blo%stk 57% 38% 57% 58
North Am pf (3) 53% 53% 53% 53%
NorAm Ed pf{7) 103% 103% 103% 103%
North Pao (6)... 95V* 95% 94% 95
Nor Pac cfs(s).. 93 93% 93 93%
, OR Well Sup.... 32V* 32% 32V* 32%
i Omnibus 12% 12% 12% 12%
i. OpnhmCol (4).. 73 73 71% 71%
i Orpheum Clr (2) 25% 26 25% 25%
Otis Elevator (8) 136% 139'/* 136% 139%
Otis Steel 7*/» 7% 7% 7%
i Otis Stl prlor(7). 69% 69% 69% 69%
* Outlet Co (4)... 75% 75% 75% 75%
* Owens Bot (Cts) 77% 79% 77% 79%
* Owsnsßpf (7).. 116% 116%.116% 116%
PatlttS Gas (2)., 41% 41*JL41% 41%
Onen. Hirti. Low. Close.
Pac Oil Stubs... 1% I*4 I*4 I*4
Pac Tel &Tel (7) 148*4 148% 148'/ t 148 V,
Packard < t 2.90). 46% 47% 45% 47*4
Paige Motor 10% 10% 10*4 10'%
Pan-Am Pet (4). 46% 46% 46% 46%
Pan-AmPetß(4) 47% 48 47% 47%
Pan-Am West B. 19% 19% 19% 19*4
Panhandle 10 10*4 10 10*4
Parmt-Fam (j 8) 108 108% 107*4 107*4
Park & Tllford.. 42% 42% 41*4 42%
Park Utah <80c) 6*4 6% 6*4 6*4
Pathe Exchange. 4*4 4% 4 4
Pathe Ex A < 4).. 25 25% 22 24*4
Patino 1a2.10).. 20 20 20 20
Penlck & Ford.. 21% 21% 21% 21%
PennDtx Cmt(2) 24 24 24 24
Penn C& Coke.. 10% 10% 10% 10%
Penna RR(3 %) 64*4 64% 64 64%
Peoples Gas (8). 152 155 152 153
Peoples Gas rta. 5% 5*4 5*4 5*4
Peoria & East... 30 30 30 38
Pere Marq < tß> .. 129 123 129 129
Pere M prior (5). 97 97 97 97
Pere Marq pf (5) 95*4 96 95*4 96
Phila Co < k 4)... 127% 128 127% 128
PhilaCos% pf 2 % 46*4 46*4 45% 46%
PhilaCo6%pf(3) 62*4 52% 52% 52%
Phila &R C J... 39% 39% 39 39
Phila&RC&l cfs. 38% 38% 38% 38%
Philip Morris... 20% 20% 20% 20%
Phillips Pet (3). 40% 41% 40% 41
Pierce-Arrow... 9% 9% 9% 9%
Pierce Arrow pt. 39% 39% 38% 38%
Pillsbury (1.60). 32% 32% 32% 32%
Pitts Coal 53*4 51% 58% 53%
Pitts Coal pf 88 88 88 88
Pitts&VV Va(6). 143 143 143 143
Postum (5) 113% 114% 112% 112%
Pressed Stl Car.. 67% 68 67% 68
Prod & Refiners. 26% 27% 26% 26%
Producers&R pf. 41% 41% 41% 41%
Pub Serv NJ (2) 42% 42% 42 42%
Pub SNJ pf (8). 133 133 133 133
Pullmn Corp(4). 76% 76% 76% 76%
Punta Aleg Sug. 29*4 29% 29% 29*4
Pure Oil (t 2)... 25% 25% 25*4 25%
Purity BakA(3). 60% 61 60% 61 ,
Purity Bak B (2) 93% 93*4 93 93
Purityßak pft7) 108% 108% 108% 108%
Radio Corp of A. 74% 77% 74% 76%
Radio Cps (3*4) 54% 54% 54% 54%
Reading <fs>... 104*4 104% 103% 103%
Real Silk Ho*... 21% 21% 20% 20%
Reid Ice Crm<3). 65% 65% 65 65
ReidlceCrpf<7). 109 110 109 110
Rem-Rand i 1.60. 24 24% 23% 23%
Rep lr & 3tl (4). 55*4 65'/* 54% 54%
Reynolds Spngs. 6% 7% 6% 6%
Rey Tobac B(5) 147 147 143% 144
Rossla Ins (6).. 161% 165% 159 162
Rossia Ins Co rt* 17 17% 16*4 17*4
Safety Cable (4) 65% 65% 64% 64%
St Jos Lead (tS) 37% 37% 37% 37%
St L & San Ffß). 107% 108 107% 107%
St L Southwest.. 69% 71% 69% 70
Schulte (3%)... 50% 51% 50% 50%
Seabd Air Line.. 29% 29% 29% 29%
Seagrave (e1.20) 11% 11% 11% 11%
Sears-R (n 2%). 73% 74% 73% 73%
Shat tuck FO (2) 89% 89% 89 89
Shell Tra (a2.41) 41% 41% 41% 41%
Shell Un ( 1,40).. 25% 25% 25% 25*4
Simmons (2).... 53 53% 52% 52%
Simms Pete 18% 18% 18% 18%
Sinclair Oil 15% 15% 15% 15%
Sinclair pf (8)... 97% 97% 97% 97%
Skelly Oil (2)... 26% 27 26% 27
Snider Packg Co. 13% 13% 13% 13%
Snider Pkg pf... 48 48 48 48
So Tor Ric S(f2) 31% 35% 34% 35%
South Calif Ed.. 38% 39% 38% 39%
South Dairies A. 20% 20% 20 20
Sou Dairies 8... 8% 9 8% 8%
South Pac (6)... 119% 119% 118% 119%
Southern Ry (7) 131% 132 131% 132
Spaulding pf (7) 109% 109% 109% 109%
Spear &Co 12% 12% 12% 12%
Spicer Mfg 25 25 24% 24%
StdO&E<3*4). 59% 60 59% 60
Std G&E pf (4). 64% 64% 64% 64%
Std Mill (5) 86% 86% 86% 86%
Std Millg pf (6). 98 98 97% 97%
StdOilCal(t2%). 54% 55*4 54% 55
Std OH.NJ tl%) 39 39% 39 39*4
Std OHNY( 1.60). 31 31 30% 30%
Std PI Glass pf.. 11% 11% it n
SterlingPro(f7) 135% 135% (34% 134%
Stewart- War (6) 70 70% 69% 70%
Strom Car (2)... 39 39 39 39
Studebaker (5).. 54% 54% 53*4 54
Submarine Boat. 4*4 4% 4*4 4%
Sun Oil (I 1).... 30% 30% 30% 30%
Sun Oil pf (6)... 100 100*4 100 100*4
Superior Oil 3% 3% 3% 3%
Superior Steel... 18 18 18 18
Symington Cl A.. 7% 7% 7% 7*4
Tenn Copper (1) 8% 8% 8% 8%
Texas Corpn (3) 50 50% 50 50
Tex Gulf Sul (4) 69% 69% 68% 68%
Tex & Pacific.... 92 94 92 92*4
Tex PC&Oi6oc). 13% 13% 13% 13%
Tex Land Trst n 23% 24% 23% 23%
Thatcher Mfg... 19% 19% 19% 19%
The Fair (2.40). 33 33 33 33
Thompson (3.60) 58% 58% 58% 58%
Tidewatr As Oil. 16% 16% 16% 16%
TidWAsOilpf (6) 86% 86% 86 86
Tide W Oil pf (5) 86% 86% 86% 86*4
Timken (t 5).... 111% 1131-4 110% 110%
Tobac Prod (7).. 96% 96% 96*4 96%
Transcont 0i1... 7% 8% 7% 8
Tratisue & WH.24% 25*4 24% 25*4
Twin City R (4). 45% 45% 45% 45%
Underwood (4).. 61 61% .60% 60%
Underwd pf(7). 124 124 124 124
Union Carb (6).. 130 131% 129% 129%
Union Oil (t2*4) 43% 43% 43% 43%
Union Pac (10). 187 188 187 187%
Un Pacific pf(4). 82% 82% 82% 82%
UtdCgrSt(Cßoc) 33*4 33*4 33*4 33*4
Utd Cgr St pf(6) 105% 106 105% 106
United Drug (9) 190 190 188*4 188%
Utd Drg Ist (3% 60 60 60 60
Utd Dyew pf (7) 40% 40% 40% 40%
Utd Frult(ts*4). 136% 136% 136 136
USCIP&FQO) 199 201% 199 199%
U S Distributing 17% 17% 17% 17%
US Hoffman (4) 48% 48% 48 48
U S Alcohol (6). 73 73 73 73
U S Ind Alf pf(7) 116*4 116'/* 116*4 116*4
US Leather wl. 23% 24% 23% 23%
US Leather A.. 49 50% 49 50
US Leatprpf(7) 103% 104 103% 104
U S Realty (4).. 59% 59% 59*4 59%
U S Rubber 51% 51*4 49% 50%
US Rub Ist (8). 98% 98% 97% 98
US Smelt (3*4). 37 37 37 37
U S Steel (7)... 130% 133% 130% 131%
U S Steel pf (7). 135% 135% 135 135
U S Tobacco!3). 93 93 93 93
Uni Pic Ist pf (8) 98% 98% 98:% 98%
Unlv Pipe(t2*4) 25% 25% 25 25
Utl P&Lt A <e2) 29% 29% 29% 29%
Vanadium (t 4).. 51*4 51% 51 51
Van Raalte pf... 47 48 46 46
Vick Chem (4).. 56% 56% 56% 56%
Victor Tlk Mch.. 40% 41% 39% 40%
Victor cv pf (6). 92% 93 92% 92%
Victor pr pf (7). 97% 97% 97% 97%
Va-Caro Chem.. 10 10 9% 10
Va-Car Ch 6% pf 37% 37*4 37% 37%
Va-Car Ch pf (7) 85% 85% 85% 85%
Vlvadou (3).... 24 25% 24 25
Vulcan Detln.... 31 31'% 31 31%
Vulcan Detin (A) 27% 27% 27% 27%
Wabash 63% 63% 61*4 62
Wabash pf A (5) 93% 93V* 93% 93%
Waldorf (1*4).. 19% 19% 19% 19%
Walworth (1.20) 19% 19% 19% 19*4
Ward Baking B. 30 30% 29% 29%
Ward Bak pf (7) 95% 95% 95% 95%
Warner Pic A... 24 24 23% 23%
Warren Bros (4) 150% 155 150 158%
WarF&Plpe Cor. 19% 19% 19% 19%
W Penn El pf (7) 109% 109% 109% 109%
West PPo (6).. 107% 107% 107% 107%
West Maryland. 43% 46% 43% 44%
West Md 2d pf.. 44% 47% 44% 46
West Pacific.... 34 34 34 34
West Union (8). 160% 160% 159% 159%
Westhse A B(2) 41 41% 40% 40%
Westlnghse (4). 77 78% 77 77%
Weston A (2)... 30% 30*4 30% 30%
White Eagle (2) 21% 21% 21% 21%
White Mot (4).. 35 35 33% 33%
White Rock (2). 38 38% 38 38
White Sew Mach 39% 40 38% 39%
Willys-Overland 14% 15 14% 15
Willys Od pf (7) 91% 91% 91% 91%
Wilson* C 0.... 11% 11% 11% n%
Wilson Co pf A.. 22% 22% 22% 22%
Wooiworth (5).. 176% 177% 175% 176
Wright Aero (1) 50 50% 50 50
Yellow Truck... 26% 27% 26% 27
Youngstn S&T 5. 82% 83 82% 82%
Hourly Sales on N. V. .Market.
11a.m... 380.700 12 m.... 786.300
1 p.m.. 1,016.700 2 p.m... 1.313.300
Dividend rates as given n the above '.able
are the annual cash payments based on the
latest quarterly or tall learly declarations.
Unless otherwise noted, extra or special divi
dend* are not included.
• Unit of trading less than 100 shares
* Partly sxtra. t Plu* 4% in stock 4 Pay
able in common st< ck. 1 Plus 2/50 m
a Paid this vear- no regular rate
b Ten n-r cent in common stock, parable
2% 7» Quarterly, c Plus 6% in stuck, d Pay
able when earned, e Payable in cash or
stock, f Plus 10% In stock, c Plus 1/50
shart in stock h Plus $1 a share In special
stock i Plus 0% in stock, i Plus • t% in
stock It Payable 1/40 of a «hare quarterly
in Class A stock, m Plus 8% in stock,
n Pauly ■lock, p Plus $3 in preferred stock
q Pius one-half of common stock.
- Construction of government railway
projects in Colombia is increasing.
CLOSER LAND BANK
INSPECTION VOTED
Association of Joint Stock In
stitution Plans More Care
ful Supervision.
BY EDWARD C. STONE.
The American Association of Joint
Stock I .and Banks, in session at the
Raleigh with the Federal Farm Loan
Board, has voted to adopt a new
method of thorough inspection for
each of the member banks. In the
past there has been some criticism
that these banks have not been in suf
ficiently close touch with the Treasury
and it will be one of the future aims
of the banks to have such investiga
tions made of each bank so that more
complete information will at all times
be available.
The association has also voted to
have a new board of supervisors with
one member from each of the sections
where these banks are located. It is
believed that these two moves will
prove of great benefit to the banks,
the association and the public.
Mondell Lauds Land Banks.
Frank W. Mondell in an address last
evening praised the success attained
by these banks in the past. While it
is true, he said, that some of the
banks had to take over the land upon
which they had made loans, they had
to take not nearly as much as have
other organizations in the same busi
ness.
The land banks have a great fu
ture, he asserted. Land values are
bound to advance steadily. There is
no more free land. The land now in
use has got to supply the food of the
future. That means more intensive
farming and greater values for land,
he said.
The association will elect officers
this afternoon for the coming year.
Local Securities Steady.
Capital Traction advanced fraction
ally to 109*4 today on the local ex
change. Potomac Electric 5*2 per
cent preferred again sold at 106*2,
Sand & Gravel at 103 and Washing
ton Gas at 81*4. Railway & Electric
preferred was off a quarter point,
selling at 99%. Mergenthaler sold at
111%.
Federal American Co. common
came out at 39% and 100 shares of
National Mortgage & Investment pre
ferred sold at 6%. Nine shares of
Norfolk & Washington Steamboat
Co. changed hands at 289.
Federal National Bank stock sold
at 339, American Security & Trust
moved at 456 and 455. Bonds were
quiet but firm.
Cooper Elected to Directorate.
Wade H. Cooper, president of the
Continental Trust Co. and of the
United States Savings Bank, was yes
terday elected a director in the United
States Securities Corporation, which
lias headquarters in this city. The
corporation was organized some time
ago under the laws of Maryland to do
a general financing business, its se
curities being marketed by C. E.
Moran & Co.
The officers include Senator Edward
I. Edwards, chairman of the board;
ex-Senator Nathaniel B. Dial, presi
dent; Representative Percy C. Quinn,
vice president; James B. Hobbs, treas
urer, and Thomas A. Wadden, secre
tary. The directorate is also com
posed ot Frederick I. Cox, George A.
Garrett, Representative Edward W.
Pou, Carleton E. Moran, John G.
Walling, Carville B. Benson, John R.
Waller and Charles A. Douglas.
Insurance Men Meet Here.
Johnson & Adams, southeastern
managers of the Continental Casualty
Co. and the Continental Assurance
Co., entertained the Washington and
Richmond agents of the company at
x sales conference here last Saturday.
About 35 attended. The guest
speaker was W. E. Lord, general
agent of the Continental companies
at Cincinnati. The conference was
presided over by Eugene G. Adams.
Other speakers were C. M. Wright,
G. L. Haines, V. A. Nichols, J. H.
Ledger, I. B. Warthen, J. E. Mc-
Combs. P. B. Dunbar and D. E. Win
stead.
Change in Insurance Personnel.
Aubrey J. Voorhees today assumed
management of the Aetna Co.’s
brancli office and the Government
Service Bureau, succeding John T.
Jones, who has resigned to become as
sociated with the H. L. Rust Co. This
company deals in real estate, loans and
insurance and has represented the
Aetna Co. for years, so that Mr.
Jones will still be more or less closely
connected with the Aetna.
Mr. Voorhees has been assistant
manager of the Washington office for
about six years. He will now assume
direction of the Government Service
Bureau, in which work he will be as
sisted by B. F. Foster, jr.
North American’s Earnings Up.
The forthcoming statement of North
American Co. utilities for the year
ended September 30 is expected to
show gross earnings exceeding $120,-
000,000. This would be almost $7,000,
000 more than the year before.
Reserve Bank Heads Confer.
The governors of the Federal Re
serve Banks again were in conference
today with the Federal Reserve Board.
Operating problems, credit and dis
count rates were the chief topics ex
pected to be touched upon today.
The bankers appear inclined to shun
the question as to authority in the
lowering or raising of rediscount rates
in the 12 districts. It is believed, how
ever, that the Chicago incident will
come up for discussion at some time
during the sessions.
CHICAGO IIVE STOCK MARKET
CHICAGO, November 1 (United
States Department of Agriculture).—
Hogs—Receipts, 25,000 head; uneven;
steady to 15 lower than yesterday’s
average; top, 10.20; several loads. 230
to 280 pounds at the price; bulk de
sirable 210 to 300 pounds, 9.75 to 10.15;
good and choice, 170 to 200 pounds,
9.15 to 9.75; most 130 to 160 pounds,
8.00 to 9.00; bulk packing sows, 8.00
to 8.40; best light weights, 8.50 to 8.60;
pigs, mostly 7.50 to 8.00.
Cattle—Receipts, 11,000 head; killing
prices generally steady; grain fed
steers, all weights moderatively active;
in-between grades, slow, uneven; kill
ing quality, generally plain; good mar
ket on stockers and feeders; vealers,
50 lower to big packers; best heavy
steers, 17.75; medium supply eligible
to sell at 16.50 upward; bulk vealers,
12.00 to 12.50 to big packers; up to
15.00 to outsiders; weighty sausage
bulls, up to 7.75.
Sheep—Receipts, 9,000 head; fat
lambs active; 15 to 25 higher; range
killers absent; best native lambs, mod
erate to light sort, 13.50 to 13.75; best
held around 14.00; buck lambs re
jected from load 110 to 130 pounds,
11. to 11.50; culls. 10.00 to 10.75:
good fed clipped lambs, held above
11.50; good wooled comebacks eligible
around 13.50, steady; bulk fat ewes,
6.00 to 6.50; feeding lambs, unchanged;
bulk eligible, 13.50 to 14.25.
—... %
FEDERAL LAND BANK BONDS.
(Quoted b.v Alex. Brown Sc Son*. Closinsr.i
Approx
Rate —Maturity, Bid. Asked, yield.
5a Mav 19H-31... 103 103% 4.04
5s Nov. 3041-31... 103 103% 4.00
4%a May 1942-32... 101% 101% 410
4%s Jan. 1943-33... 101% 103 4.09
4%s Jan. 195.3-33... 101% 103 4.09
4%s July 1953-33 .. 101% 102 4.10
i% s July 1953-33... 103 103% 4.09
1•% s Jan. 1954-34... 103 103% 4.00
1 *IR July 1054-34... 103 103% 4.10
4%s Jan. 1955-35... 102% 102% 4.08
4% a Jan. 1050-36... 102% 102% 4.10
I'is July 1966-30... 101% 101% 4.05
4%g Jan. 1957-37... 101% 101% 4.03
4% s May 1067-37... 101% 101% 4.02
4a Nov. 1957-U..; 09% 100 4.00
COTTON CARRYOVER
FIGURE UNOFFICIAL
Jardine Explains That
Sources Not Under U. S. Su
pervision Gave Some Data.
By the Associated Press.
The Department of Agriculture's
cotton carryover estimate of about
7.800,000 bales as of July 31 “was not
official in the sense of having been
entirely compiled from data gathered
under governmental supervision,” Sec
retary Jardine said today in a formal
statement.
There has been considerable contro
versy over the estimate made public
September 15, which was followed by
a drop in the price of cotton. Secre
tary Hester of the New Orleans Cot
ton Exchange claimed the carryover
was 860,000 bales too high, and sev
eral Southern Congressmen requested
the department to furnish Information
as to how the estimate was made up.
Later Representative Aswell of Louis
iana and Secretary Hester requested
that the Government estimate be
withdrawn. Secretary Jardine has
stood by the figures compiled by his
department and in reply explained the
source of the statistics used.
Today’s statement followed a con
ference between the Secretary and an
official of the New Orleans Cotton Ex
change and was prepared by Lloyd
S. Tenny, chief of the Bureau of Agri
cultural Economics, whose bureau
made up the carryover compilation.
Try to Cover Entire Field.
“In its efforts to help the American
. farmer produce and market his crops
to best advantage,” the statement
. said, “the Department of Agricul-
I ture issues from time to time state
ments analyzing as completely as pos
' sibie the situation with reference to
1 important farm crops, including cot
ton. In order to be of maximum
service these statements must be com
prehensive and cover in so far as pos
■ sibie the situation in foreign countries
■ as well as at home.
■ “In connection with these reports
, some question has arisen why the De
■ partment of Agriculture uses data
: from private sources. In the prepara
, tion of these statements reliable offi
t cial sources are used whenever avail
able. For some phases of these re
-1 ports, however, the Department of
Agriculture and other Government
■ agencies do not have the necessary
• data.
“This is particularly true of supply
and demand conditions in foreign coun
l tries. It becomes necessary at times,
therefore, to use data from private
* sources. In using such data, however,
the department critically examines all
available sources and selects what in
its judgment supplies the most depend
1 able information. Naturally the use
1 by the Department of Agriculture of
data from private sources in this man
i ner does not necessarily make these
data official.
Held Not Official.
, “With reference to the use of cotton
carry-over figures of about 7,800,000
bales in a report issued by the depart
ment on September 15, it should be no
ticed that this calculation was made in
part from figures furnished by the
United States Census Bureau and in
part from private agencies, foreign
and domestic, in the cotton trade. Os
the figures used 3,663,000 bales, or ap
proximately 47 per cent of the total,
were the official figures of the Bureau
of the Census and the remaining bales
or approximately 53 per cent, were
taken from private sources.
“It will, therefore, be seen that the
figure of 7,800,000 bales was not offi
ciai in the sense of having been entire
ly compiled from data gathered under
Government supervision."
■ ■ ... ■ ■ 11..
M. & P. R. R. INCOME DOWN.
Decrease of $2,264 in September
From 1926 Shown in Report.
Special Dispatch to The Star.
BALTIMORE, November I.—Total
operating revenue of the Maryland
& Pennsylvania Railroad for Septem
ber, as shown in statement just issued,
was $94,544.64, a decrease of $2,264.91,
as compared to like month last year.
Net railway operating was $21,125.13,
a decrease of $2,224.34.
For the nine months, total operating
revenue is shown as $714,796.61, a de
crease of $3,524.99, as compared to
corresponding period last year, and
net railway operating income was
$138,078.44, a decrease of $352.49.
Operating expenses increased slight
ly in September, but decreased for the
nine months in comparison with 1926
■
FLEECE WOOLS ACTIVE.
BOSTON, November 1 (Special).—
Fleece wools were active today in the
Boston wool market, but territory woo)
business was quieter. On a clean
basis, fleeces are selling in line with
territories, with advances in the past
week averaging a cent a pound grease
basis. Fine Ohio grade fleeces were
quoted today at 47a48 grease basis,
half blood and three-eights blood at
47 and quarter blood at 47a48. Fine
territory was quoted at 1.12a1.15 clean
basis, French combing at 1.05a1.08,
half blood at 1.02a1.05, three-eighths
blood at 92a96 and quarter blood at
83a87.
■ ■■ ■■■ • -
NEW YORK MARKETS.
NEW YORK. November 1 C4>).—
Flour steadier; Spring patents, 6.85a
7.25; hard Winter straights, 6.65a7.00.
Rye easy; No. 2 Western, 1.09*4 f- o. b.
New York and 1.07% c. i. f. export.
Barley barely steady; malting, 89%
c. i. f. New York. Lard weak; Middle
West, 12.20a12.30. Tallow firmer; spe
cial loose, 9; extra, 9%- Wheat fu
tures opened steady: domestic Decem
ber, 1.27 asked. Other articles un
changed. .
——. >
RUBBER DECLINES.
NEW YORK, November 1 (Spe
cial). —Crude rubber, smoked ribbed
sheets, declined an eighth of a cent at
today’s noon quotation of 35*4 cents.
This compares with 33% a month ago
and 42 a year ago.
COTTON GOODS EASIER.
NEW YORK, November 1 (Spe
cial). —Cotton goods markets were slow
today and a trifle easier. Print cloths
were an eighth of a cent lower at
8% for 64x60s and 9% for 68x725. Raw
silks were steady with trade moderate
"" " • •
SHORT-TERM SECURITIES.
• R snorted bv J & W SelUman & Co. »
~ „ Bid. Offer.
Alum. Co. of Amer. 6* 1952. 100% 101%
Am. Tel. & Tel. Co. 4s 1929 99H 991#
American Thread Co Os 1928 101% 101%
Anaconda Cooper 6s 1920.. 101% 101%
Associated Oil 0g 1935 102% 103
Baltimore & Ohio 0s 1929.. 102% 102%
Batavian Pet. Co. 4%s 1042 03% 94%
Calif. Pet. Corp. o%s 1038. 99% 190
Canad. Nat. Rwy. 4%g 1930 100% 100%
Canad. Nor Rwy. 4%g 1935 99% 100
Chesa. & Ohio Rv 4%s 1930 100% 1!?.)%
Chi.. Mil Sc St. Paul 0s 1934 103% 104
C. R I Sc Pac. R. 4%g 1928 100 100%
Del. Sc Hudson Rwy. 7s 1030 100% 107
Edison El. 11. Bos. 4%g 1028 100A 100%
Erie Rwv. Co. 7s 1930 100% 107%
Gen. Mot. Acoeo. Co. 0s 1937 102% 103
(Jen'l Petroleum Co 6s 1940 101% 101%
B. P. Goodrich Co. 5s 1029. 100% 100%
Goodyear T. Sc R. 5s 1928.. 100% 100%
Hershev Choc. Co. 5%s 1940 103 103%
HumNe Oil 5%s 1932 102% 102%
Mass Gas Co. 5%s 1920.. 104% 105
New York Tef 0s 1041 108% 109
Oreeon Short Line 4s 1929. . 09% 99%
Sinclair Crude Oil P. 6s 1928 100% 100 A
Soil. Pac. R. R. Co. 4s 1920. 99A 99%
Std Oil of N Y. o%s 1033 104 104%
Std. Oil of N J. 5s 1940.. 102% 103%
St. L.. I. M. & So. R. 4s 1929 09A 99 A
Swiss A Co. 5s 1032 100% 100%
Union Oil Co. Calif. 5s 1935 98 98%
Union Pac. R. R. Co. Hs 1928 101A 101% I
U S. Rubber 7%s 1930 103% 104 I
IT. 9. Smeltimr Co. 5%s 1935 103% 104
Wheelinx Stl. Co. 5%e 1948 100% 101
1 WHY the MUTUAL BENEFIT? i
i FOR ITS PAST—'“Throughout its entire existence Its
management has sustained the highest ideals of busi
ness equity. —Best’s Ins. Reports. 1927.
FOR ITS PRESENT—“The dividends render the cost
of insurance remarkably low."
—Best’s Ins. Reports. 1927.
FOR ITS FUTURE—Which is guaranteed by its scien
tific management, its negative attitude toward doubt
ful experiments and its positive leadership in con
structive measures.
This advertisement paid for by
H. Lawrence Choate and Associates,
925 Fifteenth Street, Washington, D. C.
Representing
j THE MUTUAL BENEFIT LIFE OF NEWARK, N. J. j j
The New York Life Insurance Company
Offers to Make *
First Mortgage Loans
On Improved Real Estate in the District of Colun.bia
and Nearby Suburbs in Montgomery County. i
Md n for 3, 5 or 10 year terms on your
Apartment Office Building
Horn® II Business Property
Apply
WtAIVIIDA3L.IL. Irt. MACT3WIKR &
Incorpot * ted
Loan (Dohresipomikjrint
i
1321 Connecticut Ave. Telephone Main 9700
In Suggesting
—that “caring for feet is better than curing
them, ’ we realize our responsibility is large
and important, and no effort is spared to
make sure our sources of supply—the best
Shoe factories of America and England—
furnish without question the best Footwear
obtainable.
Careful business methods enable us to
make very favorable prices—
slo.oo to SIB.OO
Arthur Burt Co., 1343 F Street
>ar,s * Washington. London
SAFE FIRST MORTGAGES
PUT YOURSELF IN THE
| PLACE
W —of the experienced investor.
yr He knows that he cannot afford
to risk safety on the vague prom
ise of high returns. In Washing-
Ovcr a Third ton, the number of conservative
°f a investors who put surplus funds
Century into our
milw ‘“ a 6% FIRST MORTGAGES
Loss
(
—are many. Their principal re
mains safe, matter of course.
And their income yield is right
in both rate and regularity.
B. F. SAUL CO. |
Main 2100 925 15th St. N.W. I
THERE IS NO SUBSTITUTE FOR SAFETY
The Significance lj
TO say that the purpose Sfr 1 iSUftJps
of all investment is to 1
make a given sum of money
produce more money is j
merely to state an obvious truth. And to say also
that the only sure way to invest successfully is to
invest safely is to state another truth equally obvious-
These two simple truths explain the policy of the
banking house of J. A. W. Iglehart & Company
which is summed up in our emblem—“ Bonds Only.’*
For bonds—an investment for a definite term, pro
tected by definite security and paying a definite
income on definite dates—have long since proved
to be the safest form of productive investment.
Hence it is that we confine our activities solely to
this field—a field in which every investor may find
definite assurance of success.
Write to us— or, come to see us —for information
about our specialised service in bonds only
J. A. lU. Iglehart Si Co.
Investment Bankers
719 FIFTEENTH ST., WASHINGTON, D. C.
BALTIMORE, MD. WILKES-BARRE, PA. CLARKSBURG, W. VA.
WILMINGTON. DEL. RICHMOND, VA.
v>m '
f SNANCIALV

Evening star. [volume], November 01, 1927, Page 14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], November 01, 1927, Page 14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972