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STOCKS HOLD FIRM ON EXCHANGE HERE Railway Preferred Moves at 100 —Three Bank Shares Appear on Board. BY EDWARD C. STONE. Securities on the 'Washington stork Exchange ended the week with prices firm and trading moderate. Wash ington Railway & Electric common, which had furnished the sensation of the week by selling up to 430 here and 433 in New York, kept out of sight, the final bid being 435 with 440 asked. But it left a trail of surmises regarding its probable next moves, the odd-lot sales in New York Friday having intensified interest- in it it "Washington, where so much of it is held. There was one stile here yesterday in Washington Railway & Electric preferred at 100, the turnover being 10 shares. Three bank stocks also appeared on the board, 10 shares of District National soiling at 247, 10 shares of Federal-American National at 338 and 10 of Riggs National. 495. A turnover of 32 shares of Columbia Sand & Gravel was reported at 102. two shares of Lanston moved at 103 and 100 shares of National Union Fire Insurance Co. at 25. The day's trading opened in the bond division. Capital Traction 5s figuring in a SI.OOO transaction a: 102%. A SI.OOO transfer of Potomac Electric Power Consolidated 5s took place at 102%, while Washington Railway & Electric 4s brought 89% In a. SI.OOO sale. In the unlisted department the hid on Franklin National Bank stock was raised front 150 to 100. the hid on Miller Train Control dropped front 2 to l s *j with 3 still Wing asked, as did j the bid price on Chapin-Sacks 8 pet j cent preferred from 102% to 102. Ranker frauds Got. Young. Os Rev A. Young, now governor of j the Federal Reserve Board, Homer! Gluck of the Union Trust Co,, De troit. says; “Michigan hankers have known him for a good many years. And so have thousands of other people here in ' Michigan. We all rejoice exceedingly ! in his success, in the good judgment of the Government in selecting Mr. Young, one of our Michigan hank boys, for this important position. To jump from a job as messenger in a Marquette bank at 840 a month to a job ns governor of the Federal Re- | serve Board in 33 years is going some. “It is a common thing for bankers to tel! people to he honest. Roy Young's life has been one steady j evidence of being honest with himself ! ns a slogan for success. He never spent money before he earned it. He j never spent more than he earned. And Rov Young made it a practice all his iife to be of service to somebody ] else, never with a selfish motive in view, never with a thought to per sonal advantage, never expecting a return on that sort of an investment. Tme result was that when President Coolidge and Secretary of the Treas ury Mellon sought a young man for the Important position as head of this great system, Roy Young was one of the many considered, the one selected.” Advocates More Cordial Ranks. Writing in the Rankers' Magazine on “Strangers as Future Depositors.” W. R. Morehouse, retiring president of the savings hank division of the American Bankers' Association, says there are two ways by which banks can develop new growth. They must obtain additional business front- old customers, or new business must l»e secured from new’ customers. Mr. Morehouse says the graciousness in which change is made for strangers is most vital, explaining: “If a bank is to reach its maximum growth it must gb further than the new account desk and make a favor able impression on all those who cross its threshold, whether they call to cash a traveler's check, to make change, or to open an account, for as a matter of fact, it is from the ranks of strangers that many of the hank's future depositors will come. For this reason it will pay well to treat all strangers within the gates with every courtesy. “The hank has everything to gain nnd nothing to lose in doing so, and it is reasonable to assume that if it makes a favorable Impression upon every stranger it will receive a much larger majority of new customers from this source than it could possibly do if it treated strangers in a cool.! indifferent way.” Gives Brilliant Insurance Address. Ralph G. Engelsman of New York j almost hypnotized the members of the District Life Underwriters’ Association at the monthly forum dinner Frida/' night at Hotel Raleigh. He is under 39, yet has written 81,000.000 in in* aura nee in a year, and in addition to this is now teaching practical sales manship in the New York University Brhoel of Insurance. In his address here Mr. Engelsmnn dwelt upon the three great objections made to insurance by prospects. The objections are that the prospect does not need insurance, that he can't pay for it and that his health is such that the company would refuse to insure him. At the conclusion of his address the speaker answered volleys of ques tions fired at him by the most success ful insurance producers in the Capital. Without any hesitation he had an in formative reply for every query. Since Friday's meeting the local ex ecutive committee jibs secured the speaker for «he meeting on December 8 He will he E. C. MacMahon, life in surance trust officer of the Equitable Trust Cn. So far as is known here, he Is the firs* insurance expert to hold a position of this kind in a bank. In his coniine talk Mr. Mac.Mahon will dis cuss life insurance trusts as they re late to banks, and a special invitation Is to be issued to local bunkers to hear him. Local Hank President Honored. Made H. Cooper, president of the Continental Trust Co. and of the United States Savings Bank, has been made honorary chairman of tlm All Nations Association of the city of New York, an international organiza tion. composed of 25:009 members. The object of the association is to cultivate the spirit of friendship and good will among the different races and creeds throughout the world. The various diplomats and consulates throughout the country tire members of the organization, as well as the different peoples of many different nations. The president of the or ganization is Henry Tudor Mason of London, though the headquarters are In New York. ZINC OUTPUT LOWER. NEW YORK, November 12 <4*).— Leading zinc producing countries of the world turned out 114.719 short tons in September, against 117.S8fi in August and 11(5.401 in July, the Amer ican bureau of metal statistics reports. Output of the United States in Octo ber was 50,185 tons, against 47.735 in September and 49,012 in August. WILL ELECTRIFY ROAD. NEW YORK. November 12 <A>) - Plans for electrification of the Penn sylvania. Railroad between Pittsburgh snd Altoona have been completed and leading electrical manufacturers arc receiving inquiries for equipment. i About 030 locomotives will be required, * >H is said. Baltimore Markets • BALTIMORE, November 12 (/P).— Closing grain quotations—Wheat, No. 2 red Winter, domestic. 1.37: No. 2 red ’ Winter, garlicky, domestic. l-36%: corn, No. 2 domestic, 1.00ai.02: oats. No. 2 white, 55%a59: No. 3 white. . 37%»58; rye. nearby, 900.00. ■ Shipment of poultry for the Th inks- j giving holidays should be timed to i I reach here not inter than Monday, j November 21 for live, and Tuesday, j November 22. for dressed stock. In j 'hipping dressed poultry, only choice, j fat stock should be killed and shipper; should be careful that ail animal heat j is out of the body before packing. | | Turkeys of course, will be the prin- • ; cipal attraction and large, fa? birds I ’ will be preferred to maintain good ] market values. poor undesirable j turkeys should not be shipped ns they , only tend to lower the values of the J better class of stock. The live poultry I market has ruled firm all week and values show an increase under an improved demand for nil lines. Turkeys | have been in light receipt and dealers are promptly taking tin current receipts and plac ng orders for , Thanksgiving supply and a good ! active movement is looked for no\: : week. Demand will be good for large fat young turkeys hit it live and dressed and liberal shipments begin ning Monday are advisable. The mar ket closed today at 42 and 43 cents a pound for young turkeys 8 pounds and over and 38 to 40 for old turkeys. Chickens 27 ami 28. Spring chickens are bringing 27a2S and 24a25 for Leghorns, hut small, poor and thin Springers are slow sale jat 18a29. Old hens. 3% pounds and ; over, continue active at 22a27. but ! j small fowl as well as Leghorns move I I slow at 17aIS. while old roosters are j plentiful at lsa|B. Voting ducks, 4 pounds and over, in good demand at | 23a25, lot .email stock will not bring j j over 17a IS. Nearby geese also in j ! good demand at 24n26, and larger. ! shipments of both ducks and geese ad- \ visable n a \t week, especially if tur- j keys are high. Guinea fowl and j pigeons hold steady at 49 each for j the former attd 20a3fl a pair for the | latter. Owing to the warm weather ; prevailing the latter part of the week. j demand for dressed poultry has eased I j off and unless the weather turns cold | next week shipments should be cur- ! : tailed. The market closed today at j | 40a45 a pound for young Turkeys, 38 i for old toms, and 25a30 for poor and I crooked breasts. Choice young chick- \ ens are bringing 28a30, old and mixed, j 26a 28. and 17a18 for old roosters, j i Choice to fancy ducks and geese are j I selling mostly 25a28. Egg Receipts Light. Receipts of native and nearby j strictly fresh eggs continue very light \ ar.d for this class of stock a premium j jof from 3 to 5 cents a dozen above i | market quotations is readily paid by | I the trade. Demand for this class of j j stock continues good and the limited i offerings are cleaned up readily from i | day to day. The market closed today j lat 48 cents a dozen for firsts in free j I cases, an increase of 3 cents a dozen | over opening prices Monday and 45 j cents a dozen for current receipts, an advantage of 3 to 5 cents a dozen. Market for rabbits holds firm under | only moderate receipts and a good de- j mand prevailing and all stock arriving in good order meets with ready sale at fi.50a7.90 a dozen for choice and 3.60a4.20 a dozen for fair to good. Vegetable Quotations. Under liberal receipts the market for white potatoes rules easy, but values show little change from last week. For well graded, round stock there is a fair demand at 2.50a3.00 a i barrel and 1.65a1.?5 per 3(10 pounds, but mixed as well as No. 2 stock will not bring over half price. Market for sweet potatoes and yams holds steady and values a shade higher under gen erally light receipts at L25a2.25 a barrel for the former and 1.50a2.00 a barrel for the latter. Bushel hampers, both sweets and yams, sell mostly at <50a75. as to quality and condition. Demand for native and nearby garden truck casing off. but stock showing quality meets with fair sale at follow ing quotations: Beets. 3.00a4.00 per 100; cabbage, 2.00a4.00 per 100: carrots. 2.50a3.00 per 100: cauliflower, 1.50a2.00 crate: j kale. 25a30 bushel: onions, 1.00a1.75 per 190 pound-: parsnips. 40a50 basket; peppers, 20a 25 basket; pumpkins, lO.oe •■o.oo per 100; Savoy cabbage, 25c35 bushel; spinach, 35a90 bushel, and turnips, 25a30 basket. Live Cattle Strong. The general live rattle market rules steady to firm under a fair demand but centered on top grade stock of which there is no surplus in the daily receipts but of common, low-grade cattle, the supply is ample and move ment f low at inside values. Quotations today at Light Street Wharf: Beef cattle, first quality. 3 0 to 12: j common to medium. i*er pound, (5 to 9f hulls, as to quality, 5 to 7%: cows, j choice to fancy. 6 to 7: common to 1 fair. 3 to 5; oxen, as to quality. 5 to ] 7; milk cows, choice to fancy, per head, 50.00 to 75.90; common to fair, ! 39.90 to 50.00; calves, veaj. choice, j 14% to 15: large, fat, 12 to 14; large. t -w —■ — iliilfll r : The world knows Aspirin as an effective antidote for 1 nain. But it ’v just as important ro know that there is only one ! genuine Bayer Aspirin. The name Baver is on every tablet, and •on the box. If it says Bayer, it’s genuine; and if it doesn’t, it is i iot * Headaches are dispelled by Baver Aspirin. So are colds, jmd + he pain that goes with them, even neuralgia, neuritis, and ; 'heumatism promptly relieved. Get Bayer— at any drugstore— vith proven directions. Physicians prescribe Bayer Aspirin; it does NOT affect the heart • Aspirin a U>c trade mark ?f Safer Manufacture of MoooacaUcacldeater of flaUcrlleaelA ¥ * THE SUNDAY STAR. WASHINGTON, P. C., NOVEMBER 13. 1927-PART 1. STOCKS GO UPWARD OK GOOD BUYING I Steel and Motors Resume; Bull Leadership—Rails Climb at Finish. | Rv the Associated Press. NEW YORK. November 12.—Spirit j ed buying in the stock market today j j carried the general level of prices up- j | ward. Some week end profit-taking j j in the last hour of the half-day scs- ! I sion checked the advance somewhat, bt.it nevertheless many of th a lead ins issues closed 1 to 3 points or more above yesterday's final figures, some of them at their peaks for the ; day i t 'onsiderable optimism prevailed j among operators for the advance n« buying orders came in from the out side. inspired by such favorable developments as President Sloan’s op timistic forecast of next year's Gen eral Motors earnings, stiffening steel prices and the increase in unfilled or ders of the United States Steel Cor poration. Easy money continued to be a factor, emphasized by the ready reception given various new issues in the bond field. Prospects of good business was again reflected by buoyancy of mer ; cantile issues, such as Montgomery | Ward, Woolworth, Sears Roebuck, : Munsingwear and Arnold Constable, ail of which reached their highest j j prices for the year. Steel an:l .Motors Soar, Such leading issues as Fnited States j l Steel and General Motors, were in; ! brisk demand, the former closing at - ! its day's highest, but Motors fell l ack ; ia little in Mi? final dealings. Leader* i i ship furnished by steel common was ! instrumental in running up several | important shares into new high ter j ritory, including International Mar j vester, which sold as high as 242 be ' fore reacting to around 231%. | The last half hour was featured by I strength of some of the carriers, I notably Atchison and Delaware & | Hudson, which attained their best i prices of the day in that period. New j York Central advanced more than a ! point, closing around 3(54. Buoyancy J of these issues was reflected also by sharp advances in American Railway j Express and Adams Express, both I of which sold at their best prices of I the year. j Some of the specialties provided ! much interest. American Can com f mon and preferred. Corn Products, | Burroughs Adding Machine and j Mathieson Alkali established a new j maximum figure, and Colorado Fuel, j Crucible, Pierce Arrow preferred and | Shattuek were among the issues which gained 2 or 3 points or more. Du Pont, stimulated by expectations that the company's share of the Gen eral Motors extra dividend will be passed on to the shareholders Mon day, had an extreme jump of#more j than 4 points to 320, closing a point below that figure. Corn Fill tires Sold. \ Selling of corn futures following the reopening of the Chicago Board of Trade after the Armistice day recess featured the commodity markets. The price was forced down almost 3 cents a bushel, but in a smart recovery at the ebb, part of the loss : was made up. The early selling was predicted by indications of an in creased yield in the Government's forecast of Thursday. Wheat advanced almost 2 cents a bushel on bullish construction placed on the Canadian crop estimate. Cotton prices were quoted steady at 4 to 2o points higher: coffee was slightly lower end sugar futures a shade better than the previous closing figures. S'rength of sterling, which reached ; $4.R7 1-16. the highest sit#’ 1914, was the outstanding feature of the foreign exchange market. Dutch guilders at 49.32% cents were at the highest level since * 1919. Other changes were ; negligible. The weekly statement of clearing house hanks and trust companies re j vealed excess reserve of *5.355.490 ■■ decrease of *2,177.159 from the week before. Actual condition this day o clearing house members showed mixed changes, loans, discounts, investments etc., decreased $5,718,000; reserve in Federal Reserve Bank of member hanks, $2,991,000 and net demand deposits, $3,633,000. Reserve in own vaults gained $lB5. 000, reserve in depositories, $613,000: time deposits. $11,743,000, and cash In own vaults, $1,897,000. j - - - rough. 8 to 10; rough and common. 7 to 8; sheep, choice, 5 to 6; old bucks. 4 to 5; lambs, Spring, choicp, 13 tr 13%: fair to good, 10 to 12; common, thin, 7 to 8: hogs, straight. 9% to 19: I sows. 6 to 8; stags, 4 to 5; live pigs. 1 13 to 15: shoatn, 10 to 12. WHEAT HAS UPTURN! UN CANADA REPORT ; Sharp Opening Rise Mostly Maintained to Close —Action of Corn Just the Reverse. BY GEORGE C. SC HN.\( KEL. Special Dispatch to The Star. CHICAGO, November 12.—. Wheat j had a sharp rise in opening trans- j i actions and maintained much of this j j gain tip to the finish. The Canadian j i government yesterday indicated a | wheat crop of the three provinces ofj 418.000.009 or 1 1.000,000 bushels less | than the previous report and at least 30.000,000 bushels smaller than the most conservative private estimate. ! i After tlie first rush to buy was over 1 | there was a little reaction, hut private j cables from Argentine telling of j serious rust damage renewed the buy* j ing power. At the close the market was 2% to 2% higher and for the week J% to 1% higher. December 1.27%: March 1.31-Va%;May 1.34%n%. Prices for the week were a trifle higher as the result of today’s ad vances. Seaboard reported a quiet demand overnight for wheat, but a Hamburg cable said there was an active busi ness in Pacific Coast .Manitobas in that market. Canadian weather was : cold with zero temperatures and this j will tend to curtail country market- j ; ings. Minneapolis wheat stocks in- j creased 35.000 bushels fbr one day. The action of corn was just the re-1 ; verse of that in wheat, and the gen H KAUFMANN'S l4 15 H ~S~T RE E T N. W. Hi ~ I Here is news from the Mil -11l N Y !|l lion-a-Week Sale that will ' & bring hundreds of eager buy j , - J=W—\ ers to Kaufmann’s from miles | around. Kaufmann’s 21 i i stores are combining in this I event which is greater in ( 1 value and scope than ever be- New 2-Piece Mohair Living j| fore. It is truly an achieve- I V'*' I ** ,r,ol,s "'itl l its three resilient spring a Jb ment in which we want all orfd in high-grade velour fH-ruMml I t Si - f 1® hi VC H P&ft» h'reside Cha ,r ished-frames. Construction and fabric of the verv best. I Bl "" r ' 1 il m W ' * “' . . .. ..I 1 l_u JI J | Budget Payment* o CCa Slonal Chats SThe Home of Today" Is Not Complete If It I comfortable aiid in ha - Lacks the Convenience of a Bed-Davenoort Suite : ZLC *u^!^S J his one is particularly attractive in more wavs than one— ef< in velours and tapestrv price, design and construction prove popular after an inspection. JS 1 Q Q with exposed frame work j; i Ihe bed concealed in the large and eomtortahlc davenport is *r I . . the secret of this two-in-one combination. The three pieces I . J / pf (!,,n ftmshed walnut arCj upholstered in two-tone jacquard velour. As sketched, a r Budget Payments | Use Our Budget Payments—No Interest Charge jjj|| ~ Open a charge account at If H —l Kaufmann’s—take eighteen If |r j| red tape or annoying delays J : ' flJLJfe^ about it. And what is most MX —-Tife-.." 1 i 'K^Sl3h\ gratifying—there are no i n \ j penalties attached to the II 1- privilege. Thousands, of Jl JLsih } XU ~ k Genuine Walnut Veneered 3-Piece W asmngton no IXIC makers Bedroom Suite as Sketched »i1 4 ±.*£ x i f xl[T* IN Three pieces pictured comprise a group of tin A I HMI I will testily to the conven- iiyjj common beauty and quality. As sketrhe<. a chest \ B w *1 fi / s>rlj K of drawers, bow-loot bed. with solid panel head \ ; f __ i* £ . XL —. X Ur V w V and foot board, and a dresser of generous propor- I H lence Ctnci SeLtlSleLCtlOn * * tions, fitted with a perfect quality plate mirror • I B A Ml Trench <t A ""J CQ Genuine vv«lnut veneer combined with gunnvood I H V WJ *iL * _ x Vanity *Pii y •''V base is used in the construction. B B Ii I I goes Wltn vIIIS See Our Display of j| See Our Display of Fore'gn Furniture From Belgium,. Kkw Qkmr From Belgium, France and li.ly H, STREET NW- F«— »t | TWENTY-ONE STORB& IN TWENTY,ONE CITIES t eral selling at the start was due to the United States Government report Thursday afternoon, which showed 107,000,009 bushels more corn than private estimates indicated. Buying ; against indemnities checked the de cline. Closing prices were 2% to 2% tower, and for the week *4 to % low er. December, x2%a %; March, 86% a 87- May. 90a%. Oats were easier under selling in- j duced by the bearish Canadian crop report. The advance in wheat caused j some support. Canadian report indi ! I rated a yield of "85,000,000 bushels for • ihe three western provinces compared J j with 229,000,000 bushels last year, i Closing prices were % to % lower and | for the week % to 3% higher. De j cetuber. 48%: March, 50%: May, 51%. I Buying by cash interests lifted | prices for lard. At the close the mar j ket was 2% to 7 higher. Bellies were 32 to 50 higher and ribs unchanged. BERLIN GETS A BUDDHA. Japanese Gift to Trade Envoy Be comes Public Property. i Correspondence of the Associated Press. BERLIN.—Lovers of art will soon l find a rare Buddha exhibited at one of the state art collections at Berlin. Dr. Kurt Zickel, representative of Germany in the negotiations for a Japanese German trade treaty, was presented with this statue by Dr. Tamaki. representative of the Citv of Tokio. in recognition of his successful effoi'ts to consummate the treaty. Zickel decided to turn the gift over to the state for its museums. | The Buddha is 850 years old. Wholesale Prices. Prom the Boston Transcript French Father —-There's 199,090 ! francs dot with my youngest daugh ter, 209,000 with the second daughter j and 300.090 with the eldest. | The Briton —And what if I take the lot ? COTTON IS STEADY,| SLIGHTLY HIGHER Trade Interests Credited With Buying on Scale Down Orders. I Bf the Associated Pit... NKW YORK, November I?.—The ; I cotton market showed a generally’ I steady tone today on covering b\ | recent sellers, combined with trade : I and commission house buying on re-! | ports of low temperatures in the : : Southwest and a generally steady I spot situation. January contracts j after selling off to 10,74 advanced to | 2a.01 and closed at lit.!' t compared j with Ift.fo at the close Friday. The I general market closed steady, at net j advances of 4 to Jo points, j The opening was steady at tin j changed prices to an advance of 7 i points on overnight buying orders at tracted by the firmer tone yesterday, j This initial demand was soon supplied jby realizing or liquidation, together! | with loeal and Southern selling and i prices eased off to 1ft.70 for December ! and 20.07 for May, or about 13 to 10 j points net lower. I Trade interests were again credited with buying on scale down orders, however, and prices firmed up later I on renewed covering. Pome commission house buying also ; was reported on the advance which ! extended to If.oo for December and ! I 20.33 for May or about 7 to 12 points j ! above Friday’s closing quofat ons. i The tone was a few points off from I ■ the best under realizing. Conflicting views were expressed a.- j to the probable showing of the census | report on domestic consumption foi j October, which is expected at the j opening of the market on Monday and the uncertainty in this respect j may have had a restricting effect on j business which was comparatively quiet. | Private rabies attributed early i advances in Liverpool to Bombay buy i ing and covering on the improved | technical position, and the prospect for a cold wave in the Southwest j followed by oartia? reactions undct ] hedging and liquidation. Manchester advices reported r J better feeling owing to an improved • j demand for cotton cloths from India s£.° o fS^sC.oo| Complete Complete Guaranteed Glasses For Reading or Distance You will enjoy life better with properly fitted Glasses Do Not Neglect Your Eyes Examination of Your Eyes Glasses to Suit aJ Complete 1,, .. J?.*'" v e Pt'te includes Frame, Femes and Case, except j Cylinder Tinted and Bifocals. Dr.D.Lßose °*XL* 929 G St. N.W. 11 M, J:n-r.l»Min A 5..», r>t. nearly half rpntur». The amount of cotton on shipboard awaiting clearance at the end of the | week was estimated at 181,000 bales, against 250,000 at the same time last year. Anxieties of a New Parent. f'inm the Heston Transrrint. Wise —Boh is so ridiculous, even for a young father. Caller—What now? ! Wife—Why. when I told him the nurse was going to teach me to give i baby a hath, he wanted to send out and hire another baby to practice on. 43