Evening star. [volume], December 17, 1927, Page 14, Image 14

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
14
FAVORITES LEAD
STOCK LIST’S RISE
lLarge Outside Following At
tracted—Coppers in Van
Most of Time.
BY GKORGE T. HI GHES.
(Special Dispatch to The ?tar.
NEW YORK. December IT.—With
enother large turnover selected stock?
were again bid up in today's market.
The spectacle of rapidly mounting
quotations had evidently attracted a
larpe outside following. Interest for
the most part was confined to stocks
which have long been favorites. A few
of rails participated, but not many,
and the reason appeared to be that
they had not demonstrated their
ability to absorb offerings in the way
the industrials have done.
Copper shares were the leader?
most of the time. Csg'ene Cananea had
another sensational upturn, paining j
some seven points just below 134 and
at the highest for which this stock j
has ever sold on the exchange.
Chile Copper at Peak.
Chile Copper crossed 40. where it |
has established a new high record in i
its historv. In 1920 Chile sold at TV j
Anaconda sold within a fraction of the 1
h’"h of 1922. Other copper stocks in |
n 'tive demand included Calumet ani j
\rizona. Oerro do Pasco and Nevada I
Consolidated. International Nnkel !
went along with the copper stocks j
to the best of the year.
The mail order stocks were active j
and strong. Montgomery Ward and |
Sears Roebuck so new high marks j
snot only for this year but for their j
'present form of capitalization. Ameri- j
lean Can did the same. . j
There must have been a good dea .
ft f short covering and the technical j
■position was probably materially j
weakened. It was noticeable that
Industrial specialties which had been
widely advertised as entitled to reac-1
lion because of the extent of the n.f j
were among the strongest stocks on
the list This is not to say that the |
market was uniformly strong today, j
..•piiere were recessions, hut they gen- ;
ierallv escaped notice.
General Motors ranged higher, while
•fbeel was down about as much. These
two leaders were evidently resting
3dotor stocks in general were quieter,
although Hudson ran up over a point
end there was unusual activity in the ,
Jow-prieed Gardner Motors.
Oil Storks Are Firm.
: Oil stocks were firm. Simms Petro
leum. which had never been affected
*by the depression in the trade ai
liave the others, made a new high for
the vear at. 25. Marland had a rui
Jtip. so did Pure Oil. while the buying
dn Sinclair which puzzled the Street
the day before continued. The onl>
news was an advance of 5 cents ir
[Pennsylvania Crude.
There was a slight reaction toward
the close, but it did not go far. The
Tails were heavy and the airplane
stocks lower. Greene Cananea lost :
.[part of Its early gain. On the othei
hand. Sinclair Oil. most of the coppers ;
and the industrial specialties left ofi
well up to their best of the day.
| Wall Street Features
jjl
NEW YORK, December IT (Special).
—The estimated earnings of the Sea
board Air Line in 1927 are at the rate
of about $2.50 a share on the preferred ,
stock, or less than half as much as in j
1926. The comany this week declared |
the regular semi-annual interest pay- j
ment on the adjustment bonds. They j
failed to respond to this action and |
subsequently sold at the lowest of the j
year. The outlook for tourist traffic !
to Florida this Winter is satisfactory. [
but it will be late in the Winter or j
early Spring before the earnings of j
the road will reflect this business and
the expected larger movement of
freight.
Kew York Central.
There are many stocks that have j
had sharp advances this week on less
basis than New York Central, whose
response to the 50 per cent cash divi-;
dend by the Michigan Central has j
been comparatively small. This divi- j
dend equals about $2 a share on New
York Central capital stock.
Consolidated Gas Common.
At its present price Consolidated
Gas common stock yields less than
4*4 per cent. Holders of this stock, [
however, refuse to sell, even though
the price has advanced 25 points since
the new' shares were issued early in
the year. There is always the hope
that the dividend will be increased to j
6 or 7 per cent after the company has j
completed its expansion program and
possibly brought about a merger with
other light and power corporations.
Baltimore Markets
BALTIMORE. December 17 (Spe
cial). —White potatoes. 100 pounds.
1.50a1.90; barrel. 1.25a3.00; sweet po
tatoes, barrel. 1.75a2.25; yams, barrel.
1.75a2.00: beans, bushel. 1.50a3.00;
beets, 100. 3.00a4.00; Brussels sprouts, |
quart, SalS; cabbage. 190, 2.00a4.00: ,
cauliflower, crate, 2.25; carrots, 100.
2.00a3.00: celery, crate. 1.00a2.00; kale. ,
bushel, 20a30; lettuce, hamper, 1.50a j
2.50; onions. 100 pounds, 1.25a2.25:
peppers, crate. 1.25a2.00; parsnips,
basket, 40a50; Savoy cabbage, bushel,
20a25; spinach, bushel, 49a90; toma
toes, crate, 3.50a8.00; turnips, basket. ,
20a30.
Apples, bushel, 1.00a2.50; barrel.
2.50a7.00; cranberries, hox, 4.25a5.75; ;
grapefruit, box, 3.50a4.50; oranges. ,
box, 4.50a5.75.
Dairy Farm Products.
Live poultry—Turkeys, pound. 40a
43; old, 35a38: poor and crooked
breasts, 25; Spring chickens. 23a24
Leghorns, 21a22; pour and thin 17al8:
old hens. 20a24: Leghorns, 15a16; old
roosters. 14a15; ducks. 23a26; poor and
thin. 18a20; gees, 29a25; guinea fowls,
each, 40a8,V. pigeons, pair, 20a30.
Dressed poultry—Turkeys, pound.
40a45; old. 36a3>'; poor and crooked
• breasts, 25; young chickens, 24a26; old.
20a25; roosters, 15a 16; ducks, 25a30;
geese, 22a30.
Eggs—Receips. 1.217 cases; nearby
and native current receipts in free
cases, dozen, 35a38; strictly fresh,
dozen. 49.
Butter—Good to fancy creamery,
pound, 4«a54: prints, 54a58; blocks, 53
a55; ladles. 37a38; rolls. 34a36; store
packed, 32a33: dairy prints, 34a36; proc
ess, 41a42.
Ha.v and Grain Prices.
Wheat—No. 2 red Winter, export,
3.36)6; No. 3 red Winter, export, no
quotation; No. 2 red Winter, garlicky,
domestic, 1.36%; Xo. 3 red Winter,
garlicky, domestic, no quotation.
Com —No. 2 yellow, domestic, 1.05;
coh com. new, 3.70a3 75 per barrel.
Oats—No. 2 white, domestic, 02's.a
63: No. 3 white, domestic, 61Vja62.
Rye—Nearby, 90a1.0u.
Hay—Receipts, 10 tons. New hay is
arriving in only limited quantity. It
i is, therefore, not being officially grad
. ed and sells strictly on its merits,
■within range of 1400a17.09 a ton.
timothy and clover grades
Straw —No. 1 wheat, 11.00a11.50 per
. ton; No. 2 oat, 13.00a14.00,
SILVER QUOTATIONS.
NEW YORK. December 17 (4 s ).—
--B'r silver, 58 1 * Mexican dollar?
i
"FINANCIAL/
NEW YORK STOCK EXCHANGE
Received by Private Wire Direct to The Star Office.
Open High Low Close
. I Abltlbl Pow(6). 149 149 139% 139%
| Abr&Stras 7%pf 112% 112% 112% 112 1 »
Adams Ex (6).. 192 192 192 192
4<lv Rum ley .... 13V* I%'* 13% 13’-«
. Ahumada Lead. 4% 4hi 3% 3'«
Air Reductnt t7) 187 IST 186% ISO".
Ajax Rubber... 10H 10% 10% 10%
Albany PapM2). 24 24 24 24
1 A Ibny Pap pf (7) 99% 100 99% 100
|A la ska J uneau.. IV* IV* 1% l v «
I Allied Chem <6) 154% 154 * 152% 153
j Allied Cm pf (7) 121 % 121% 121% 121%
Allis Chaim 16 ) 114. 114*4 114% 114 s
[ Amal Leather pf 79'** TO 1 * 794*. 79%
Amerada (2).... 29% 30'4 29% 30
Am Aerlcul Chm IT 1 -* 17% IT l * 17%
Am Agrl Cb pf.. 63*4 63% 62V* 62V*
Am Bunk N(t3). 97% 97% 97% 97%
Am Hoseh 21% 2D* 2D* 21**
Am Br Sh 01.60) 43% 43% 41 431*
Am Brown Bov. 16% 16'* 16% 16%
Am Brown Bo pf 62b, 62% 62 62
iAm Can (2) 7-3% 74% 73% 74%
Am Car&Fdy <6 103% 101% 103 103%
|Am Chicle (3 ).. 72 73 72 72%
Am Drug (80c). 14 14 13% 13%
Am Express (6). 167% 167% 167% 167%
Am & For How.. 30% 30% 29% 29%
; Am&FoPo p( (71 107V* 107'* 107% 107%
[Am Hide & Lea. 11% 11% 11% 11%
; AmHide&Lpf. 59 59 59 59
Am HoP 1240). t>,‘ 67 66% 66%
American lce(2) 3D* 31% 31% 31%
Am Ice pf (6)... 90 90% 90 90%
Am Jnternatl<2) 57% 57% 57% 57%
iAm LaFr&Foam 7% 7% 7% 7%
jAm La Fr&Fo pf 65 65 65 65
:Am Linseed.... 64% 65% 64% 65% !
lAm Locomot (8) 108% 109 108 * 108%
j AmMch&Fy(t3) 187 188% 187 188%!
1 AmMa&Fy pf(7) 246 247 246 247 j
Am Metals (3).. 47% 47% 47 47% 1
|Am Piano 22% 22% 22% 22% 1
Am Piano pf (7) 89 89 89 89
Am Po &Lt<f 1 ) 65% 65% 65% 65%
jAm Radiator (5) 133% 134 i 33 133 i
jAm Republic.... 7|% 72 71% 71%'
Am Saf Raz T 4 >4 57 5 7 57 57
Am Seating (tt) 40% 40% 40% 40% |
Am Shipbldg (8) 114 114 111 114
jAm Ship & Com. 3% 3% 3% 3%
Am Smelting (8) 176% 176% 176% 176 *
iAm Stl Fdys (3) 65% 65% 64% 6%
Am Sugar (6)... 72% 7-,% 72% 73%
lAm Sumatra.... 65% 66% 65% 66
Am Tel & Tel O' 181% 182 181% 182
AmTobaccoß(B) 175% 175% 175% 175%
JAmVV W (m80c) 60 60 59% 59V*
[Am Woolen 21% 21% 21 % 21% j
jAm Woolen pf.. 4•% 50 49% 49% ;
|Am Writ Pa ctfs 19 19 19 19
!AmWrPa pf cf* 44 44 44 44
:Am Zinc pf 43% 43% 42 42
Anaconda (3)... 56V* 57 55% 57
I Archer-Dan (3). 60% 61 60% 61
Armour Del pf (7) 85% 85% 85% 85V* 1
Armour of 111 lA ) 11 11% ll n
Armouroflll(B) 6V* 6% 6% 6V* 1
. Armour 111 pf<7) 67% 68 67V* 60 j
Arnold Con&Co.. 54V* 54% 54 54%
Artloom (3).... 44 44 44 44 !
Asso Dry G <2)4 ) 50% 60% 50V<> £O% !
Asso on U 3.20). 41 42 41 42 1
Atchison 4 T 10).. 194% 195% 194% 195 !
[ Atchison pf (5). 106% 106% 106% 106% j
AtlCoast L(tlO) 189 189 189 189
Atl Refining (*). 109 109% 108% 109 1
Auto Sales s% 9% 9 9 *
Autostrap A (3) 45 45 45 45
Balto & O (6)... 118% 118% 11s ng%
Balto& Oh pf (4i 81V* 81% 81% 81%
Barnet Leather. 51 51 51 51
Barnsdl A(b2%) 25% 25% >5% 25%
Bayuk Cigar 9 . 106 106 105V* 106
BeechnuttT3.6o) 70% 70% 70 70
Belding Bros <2) 20 20% 20 20
Best &Co (3)... 58 58 58 58
Bethlehem Steel 59% 59% 59 69
Bon AmlCl A <4) 66 66 66 66
Booth Fisheries. 5 5 5 5
Briggs Mfg Co.. 23% 23% 23 % 23%
Bkln-Edison <8) 198 198% 197% 197%
Bkiyn-Man (4). 57% 58 57% 57%
Bklyn Un Gas<s) 147% 147V* 147 147
Buff R&P pf (6). 98 98 98 98
Brunswick B <3) 34% 34% 34% 34%
Brunswick Ter.. 18% 18% 18 18
Burns Bros (B). 17 17 17 17
Bush Term (g 2). 62% 62% 62 62
Bush Term rts.. 4% 4% 4% 4%
Bush Ter de <7). 110 110% 110 110%
Butte Cop (500 . 4'» 4% 4% 4Va
Butte&Super (2) 9% 10% 91* .10
Butterick Co 4a*- 45% 45% 45%
Byer &Co 85% t-,7% 85% 86%
j By-Products (2) 7>% 7-:>% 74 74
Calif Packg (4). 73% 73% 73% 73% I
Calif Petm < 1).. 14% 24% 23% 24 j
! Callahan Zinc... D* D* D* d* 1
Calumet &Ar <6 109V* 110 Va 109 109%
, Calu & Hecia (2) 22V* 2.% 22% 22% j
; Can Dry «t 3 %).. 64V* „4'« 03% 53% !
Can Pacific < 10). 217 217 215V* 215% |
CaseThreshg<6) 272% 273% .72% 273% l
i Cent Alloy <2).. 28% 28% 28% 28%;
j Cerode Pasco(4) 67% 67% 66% 66%'
I Certain-Teed <4 l 54% 54% 54% 54% 1
I Chandler Mot pf. 15 15 15 15 ;
Chase Nat BUS) 548 5491* 548 549%!
’ Chase Nat Bk rts 44% 45 44 44
Chat-Ph Bktl6). 573 573 670 570
Ches & Ohio < 10) 207 207 206% 206%
C& O Corpn (3). 82% 82V* 81% 81%
Chi & Alton pf.. 11% 11% 11% n%
i Chi & East 111... 42V* 42V* 42 1 -* 42%
Chi Gt West pf.. 29** 29% 29n 29V*!
Chi Mil & SIP.. 17% 18 17% 18 j
Chi Mil & StP pf 31V* 34% 33% 33% 1
ICM& St P cfs.. 17% 17% 17% 17% !
i C UftStP pf cf». 63 * 33 * 33V* 33%;
Chi & Nwn < 4) .. 87% 87% 8:7 81
Chi & Nwn pf(7) 14SV* 149 148 I *.» 1
1 Chi Rock is <5). 107% i 07% i ~* n.« . |
CRl&Ppf (6). 102V* 102V* 102V* 102 * j
CKl&Ppf (7). 108% 108% 108% 108% ,
Childs (32.40).. 53 03% o 3 53% !
Chile Co (2%).. 40% 40% 40% 40v« j
Chrysler Cor (3) 61 61V* 60>* 60%,
i City Stores (B).. £8 59 58 59 j
Cluett Peab (5).. 77% 77% 77% 77%
Coca-Cola (6)... 129 129 128% 129 ;
| Collins & Alk(«) lOOVi 101 100% 100%
! Col Fuel & iron., 82% 83% 82% 82%
Col Gas &El (5) 91% 91% 91% 91V* j
: Col G&E pr A <6) 107V* 107% 107% 107% !
! Col Carbon (4).. 94 94 94 94
Com Cred < 1) ... 23 21 23 23
ComCredpf6%. BS% 89 88% 89 !
! Com Cr pf B < 2). 25 25 25 25 [
Com Cr pt (1\ ) 23% 23% 23% 23%
, Com in Tr pt<7). 101 101 101 101
Com Solvents! 8 > 172% 174% i 72 172
Com Powt <2%). 68% 118V* 67 67
[ Conde Nast< 2) .. 50 53 50 50%
Congoleum-Nair 17% .8% *7% .8
Cong Cgrs( t 4 %) 85% 85% 83V* 83%
i Con Cigars 47).. 82% 82% 82V* 82% |
Consol Gaa (6).. 119% 119% 118% 118% 1
ConßßCuba pf 6 73V* 73V* 73 73
Consol Textile.. 3% 3% 3% 3%
Cont Bakg A< 4) 52 52V* 51% 52 j
Cont Baking 8.. 5% 5% 5% 5%
Cont Bak pf <8). 96% 96% 96V* 96% I
; Cont Can <6).... 84% 84% 84 84 j
Cont Insur (6).. 300 300 297 297 |
i Conti Insur (n).. 81% 81% 80 80% j
i Cont Mont (SUc) 11% 11% 11 11% j
Corn Prod <t3). 65% 65V* 64% 64% I
I Coty lnc <t«)... 117% 117% 117% 117%
CrownWPlstpf7 93V* 93% 93% 93% I
CrucibieSieel <6) 88% fcß% 88’* 88% !
Cuba Cane Sugar 6% 6% 6% 6%,
Cuba Cane Su pf 30% 30% 30% 30%
Cuba Company.. 29% 29% t 9 29
Cuban Am SO). 20% 20% 20% 20%
Cudahy Pka <4 >. 55% 57% 55% 56%
Curtiss Aero.... 65% 66% 61% 621*
' Curtis Apf (7 ).. 116 116 116 116
Davison Chem.. 41 41% 40 40%
i Deere&Co pf <7 ) 116 116 116 116
Del & Hud <9).. 187% 187% 186% 187
DRGWst pf... 53% 53V* 53% 53%
Detroit Ed < 8).. 165% 165% 165% 165%
Devoe &R< 2.40) 40% 41V* 40% 41%
Dlamd Mtch(fc). 138% 138% 138 138
Dodge Bros Cl A 19% 19% 19% 19V*
Dodge pf < 7).... 71V'* 71% 71 71%
Dome Mines (1). 13% 13% 13V* 13%
Dunhlll Int (4 1.. 58 58 57% 57%
Du Pont 014% I 320% 324 319 310
Duquesne pf <7) 115% 115% 115% 115%
Eastman < T 8)... 169% 169% 169 169
Eaton Axle (2).. 27% 27V* 27% 27%
Eisenlohr & Bro. 10% 10% 10% 10%
. El AutoLt 06% ) 100 100 99 , 99%
. ! Electric 80at... 16% 16% 16% 16■*
, i Elec Power &Lt 31 31% 30 * 30;*
i Elec Refrigerain 9 9% 8% 9
;I El Stge Bat < t 6) 76% 77% J 6 ; * 76%
Em-Brantgm(A) 8V« 9% 8% 9%
1 End John <6)... 77 77% 76% 76%
; Engineers Pub S 35% 35% 35% 35%
EquitableTr( 121 411 411 411 411
* Erie H R 62% 62% 61 61
t i Erie Ist of 62 62 62 62
Erie Stm S<2 % I 34% 34% 34% 34V*
, j ErteStmS cfs 2 % 34% - 5 34 * 31%
Eureka (ft 4 %). . 76 76% 76 76%
> Exchange < 1 %). 19% 21 19% 21
1 Fairbanks Co pf. 11 11 11 11
1 Fairbanks <3').. .'3% 33% 33% 34%
| Fed Ltgtthl 4»> 44% 44% 41% 4.%
Fed L&T pf (6). 98% 98% 98% 98%
i Fid PhoenlxO I 194% I 94 1 - 194% 194%
j First Natß<l% l -28% 28% 28% 28%
l-'tslr Rubber 16 <6 16 16
FleischinniiSfcJ 67% t>7% 66% 66%
THE EVENING *STAE. WASHINGTON, D. C.. SATITEDAY. HE<
I Open High Low ('lose.
Foundation Co.. 42% 42% 415 42
, Fox Film A 14) 80% 80% 80 80
FreeptTex(t3%) 103% 104 103% 103%
Gabriel Sn (3%) 27% 27% 25% 26
‘ Gardner Motor.. 12% 14 12 13
' j Gen Am Tnk<4). 61% 61V* 60% 60%
Gen Asphalt.... 79% 81% 79 80%
Gen Asph pf (5). 123% 123% 123% 123%
Gen Cable A (4). . 60% 60% 60 60%
Gen Cigars 14 ).. 74% 73% 73 73%
Gen Elec <t6).. 1.34 134% 133% 133% j
GenElec sp(6uc) 11% 11% 1 1V* 11%
1 Gen GasA <ol % ) .36 36 36 36
1 Gen Gas B<el % ) 39 39 39 39
Gen Mot (t7 %). 132% 133% 131% 131%
Gen Mot pf < 7).. 125% i 25% 125% 125V* j
Gen Outdr Ad <2) 54% 51% 54% 54%
1 j Gen R.v Sir <6l. 120% 121% 120 121%
1 < len Refrao (3 1. 70% 7 I V* 70% 70%
Gillette Saß< t£>) 103% 105% 10,4% 103% i
Glmbel Bros 39% 39% 39% .^9%
(Ridden Co 21% 21% 20% 21
Glldden pr pf(7) 96 96'* 95% 96
Gold Dust <3)... 75 75 74% 71%
Goodrich Ru (4) 94% 94V* 92 * 94%
Good vear Tlra. . 59% 59% 591* 59%
Goodyear Ist pf. !'5% 95% 95V* 95%
Gothm SH<2 % ) 84 84% 84 84%
Goihamnew2% 84 84% 84 84%
Gotham H pf (7) 119% 119% 119% 119%
Granby Con Min 42V* 42% 42 42%
| Grt North pf (6) 99% 99% 99% 99%
,Gt Nor pf cfs<s) 98% 98% 98-% 98%
j Grt Nor O (1)4). 24V* 24% 24% 24%
; Grt Wes S(2.80) 36% .36% 36% 36%
iGt West Spf (7) 118% 118% 118% 118%
] Green Canan .. . 129 133% 128 131%
| Guantanamo Sug 9% 9% 9% 9%
Gulf Mo & Nor.. 59% 59% 59% 59V*
! Gulf States Steal 54% 54% 54 54
! HacknskW(l %) 2 ? 23 23 23
I Hartman A (2).. 24% 24% 24 24
Hrtn Hbl 11 %stk. 20% 20% 19% 20%
| Hershey Corp... 38 38V* 38 38%
, Hershey pf 74% 75% 74% 75
! Hoe &Co A 29V* 29% 29% 29%
| Houston 0i1.... 155% 159 154% 159
Howe Sound (4). 43% 44 43% 44
j Hud Man (2%). 52% 52% 52 52
Hudson Mot <5) 76% 77% 75% 76
Hupp Mot< 1.40). 35% 35% 35 35%
Indep Oil (1)... 26% 26% 26% 26%
Indian Mot (1%) 44% 45% 44% 45%
Ingersoll R (f 4). 92 92 92 92
Inland St <2%). 56% 56% 66% 56%
Inspiration Copr 21% 21% 21% 21%
InterboroßapTr 33 33% 33 33%
j Intcontl Rub(l). 21% 22% 21V* 22
Internat Agrl... 15 15 16 15
Int Bus Ma (5).. 108% 108% 107% 107%
Int Cement (4).. 68 58% 58 58%
Int Com Eng (2) 551* 65% 54 54
Int Harv (J 6)... 248% 250 248% 249%
IntMtch pf<3 20) 89% 89% 89% 89%
Int Mer Marine. 4% 4 % 4% 4% j
Int Mer Mar pf. 40% 40% 40% 40%
; Int Nickel (2)... 74% 7n% 74% 75%
I Int! Paper (2.40) 75% 75% 75% 75%
, Int Paper pf (7) 109 109% 109 109
; Int Tel & Tel (6) 150% 150% 150 150
Island Creek (4) 56% 56% 56% 56%
j Jewel Tea 81% 82 81% 82
; Jones Bros Tea. 27% 29% 27% 29%
' Jones & Lau (7). 121 121 121 121
i Jordan Motor... 14% 14% 13% 13%
! KCP & L Ist (7) 114V* 114% 114% 114%
Kan City South. 61% 611* 61 61
Kayser J (4).... 63% 63% 63 63
Kelly-Spring.... 27% 28% 27% 28%
Kelly Tire 8% pf 82 82% 82 82%
Kels-Hayes < 2). 24% 24% 24% 24%
Kennecott C<s >. 83V* 83 « 83% 83%
Kraft Ch (11%) 54% 54% 54 54
Kresge < 1.20).. . 72 72% 72 72
Kresge SS pf<B> 115 115 115 115
Kress SH(hl%) 96 96 96 96
Lago Oil <7sc). . 34% 34% 34% 34%
Lambert Co < T6> 84 s * 84% 83 * 833*
Lee Tire & Rub. 16 16 * 16 16%
Lehigh Val<3%). 96% 96% 96 96
Lehn & Fink <3) 39 39 38% 38%
Life Sav < 1.60).. 29% 30% 29% 30%
Lig & Myrs(ft4) 122'* 122% 122% 122'*
Llg&Myrsß < f 4) 124% 1241* 123% 123%
Lima Loco < 4).. 57 57% 57 57%
Lla Carb <3 60). 68% 68% 68 *6B
Loew’s lnc (t 3). 58% 59% 58% 58%
Long-Bell (A).. 27% 27% 27 27
Loose-WIK 1.60) 55% 55% 55% 55%
Lorillard Co .. 39% 39% 39 39
Louisiana 0i1... 10V* 10% 10% 10V*
La Oil pf (6%). 88V* 86V* 88% 88V* j
LoutsGasAi 1.<6) 2614 26% 26% 26%
1 Ludlum Steel(Z) 27V* 27% 26% 26%
! McAndrws(t3%) 54% 54% 53 53
1 McCrory < 1.60>. 85 85 85 80
McCrory B < 1.60) 92 96% 92 93
•Mack Truck 16) 108 108V* 107% 107%
i Mad Sp Gar (1). 23% _4% 23% 24%
Magma Cop <3). 52% ;,3 52'% 52%
Mallison & C 0... 17% 17% 17 17
j Mailison pf (7).. 93% 93% 93 93
Manatt Sugar pf 70 75 70 75
Man Elev gtd(7) 80 80 80 80
Man El m g <ds) 43% 43% 43 43
Maracaibo 0i1... 14% 15 14'% 15
• Marland Oil 34% 35% 34% 35%
Marlin ROck < t 4) 51V, 51V, 50% 50%
Martin-Pary (2) 16% 16% 16% 16%
Mathieson <4) ... 126% 126% 125 126%
May Dept S<4). 86 87% 86 87%
Maytag <t3> .35 35 34% 34%
Mex Pete (12)... 225 225 225 225
; Mexican Seab. .. 5 5 5 5
! Miami Cop . 1 ).. 19V* 19% 19 19
'Mid-Continent.. 27% 28 27% 26
Middle Slates. .. 2V, 2% 2% 2%
; Miller Rub 1 2).. 22 22 21% 21%
MSt P&SSM pf. 84% 84% 84% 84V* j
Mo Kan & Tex . 42'< 42% 42 42 |
! Missouri Pacific. 52% 62% 51% 52 |
Missouri Pac pf. 114'* 114V* 113% 113% [
Montana Pow (5' 103% 103% 103% 103%
Montgmry W(4). 117% 119% 117 118%
, Moon M0t0r..,.. 6% 76% 7
| Mors&Esk(3%). 87 87 87 87
| Mother L <6oc).. 3% 3% 3% 3%
Motion Pic Corp. 8% 8% 8% 8%
i Motor Met (3.60) 20% 20% 20 20V4
; Motor Whl <2).. 26V* 26V* 26% 26% j
j Mullins 80dy... 72 72 72 72
Munslngwr <3). 50 50 50 50 i
Murray Corpn... 24 24% 24 24% j.
Nash Motor! T 6). 98'% 98V* W% 97% j
| Nat Acme <sta). 77 77 j
j Nat Biscuit! f 7). 175 176 ,75 175 j
1 Nat Cash R <A)3 46% 46% 46% 46% j
Nat City Bk (20) 726 729% 725 729% j
Natl Dairy <3).. 62 62 61 ■* 62 }
Nat Dept Stores. 23 2-3 2.3 23 ;
Nat Distillers .. 53% 53% 52% 52% {
Nat Distillers nf 62's 62% 62V* 62V* i
Nat Enam pf <7) 91 91 91 91 i
| Nat Lead <6).. . 130 130 130 130
Nat Park 8k(24) 645 645 645 615
1 Nat Pw&Lt <B('c; 23'% 23% 23% 23'%
i Nat Radiator!3) 38% 38% 38% 38% !
j Nat Rad pf (7).. 97% 97% 97% 97% j
! Nat Ky Mex 2d. . 2’% 2% 2% 2%
! Nat Supply (ts). 93% 93% 93% 93%
i Nat Surety (10). 337 344 337 342 !
! Nevada C< 1%).. 20 20% 19% 20% j
iN Y Air Br (3).. 42% 43% 42% 43
}N Y Cent (8).... 164 164% 163% 164% >
|NY C&StL (6).. 125% 126 126 125 j
NY Dock 60% 60% 60% 60%
jNYNH & Hart.. 59V* 60% 59% 60
| NY N'H&H pf(7) 113'/* 113% 113% 113%
NYOnt&WU). 33 v* 33% 33 33
NY Steam pf <6> 100 100% 100 100%
I NY Stm pf A (7) UO'i 110% 110% 110%
; Norf ft Wni tlO) 193 193% 193 193%
Nor Am bin%stk 59% 59% 59% 59%
| North Pac (5)... 99% 93% 99% 99%
Nor Pac cfs(s).. 97 97% 97 97%
i Norwalk Tire. .. 3% 3% 3% 3%
I Oil Well Sup.... 3> 83% 33 33%
■ Omnibus 13% 1.5 V* 13% 13%
[ Omnibus pf (8). 90 90 90 90
| Opnhm Col (4).. 75% 75% 75% 75%
i Orpbeum Clr <2> 25% 25V* 25% 25',*
] Otis Elevator <fi> 148% 148% 148 148
; Otis Elev pf (6). 119% 119% 119% 119%'
(Otis Steel 10% 10% 10% 10%!
Owens Bot (ct 4). 76% 76% 76% 76% j
Pacific Coast.... 31 31 31 31 j
I Pacitlc Gas < 2).. 50 50 48% 48%!
i Pac Oil Stubs... 1% 1% IV* IV* j
Pac Tel & Tel [phone] j
■ Packard <3) ... t - 57% 57% 57 57 j
Paige Motor 16% 16% 16% 16% I
Pan-Am Pet (4). 44% 44 * 44V* 44%
Pan-AmPetß<4) 44% 44 * 44 44
Pan-Am West B. 20% 20% 20% 20%
Panhandle 16% 16 * 16% 16%
Parmt-Fam <JB) 110 110% 109% 110
Paramt-F pf (8) 121% 121V* 121'* 121%
1 j Paramount rts.. 1% 2 D* 2
1 Park Si Tlltord.. 35% 35% 35% 35%
Park Utah (800 10% 10% 10 10
j Pathe Ex A (4). 21 21 21 ; 1
1 Patino (a2.10).. 22% 22% 22% 22%
! Peerless Motor.. 21% 21% 21% 21% j
Penick & Ford.. 22% 22% 22% 22%
Penlck&F pf (7) 102 V 102% 102% 102%
Penn Dix Omi(2) 22% 22% 22% 22%
Penna RR< 3 % ) 64% 64% 64% 64 %
Pere Marc (t 8). 126% 126% 126 126
, Ph!laCo6%pf<3) 52% 52% 62% 52'%
. Phils &R C 1 ... 40 40'i 40 40
, Philip Morris. .. 20% 20% 20% 20%
» Phillips Pet (J). 41V* 41% 40% 41
, Pierce- Arrow. . . 13% 13% 13% 13%
Pierce Arrow nf. 48% 48% 48'% 48%
. Pillsliuj* clV* 24% jL 21*
Open High Low Close
Pitts&W Va(6). 144% 144% 144% 144%
PorßlcoTohA(7) 82 82 62 82
Porto Rico To B. 31 % :?4’ 31% 32*4
Postum (5) 120 l 121 120% 120%
Pr St! Car pf (7) 871% 87% 87%, 87%
Prod & Refiners. 2-'.% 25% 25% 25%
Pub Serv nj (2) 43 43 42% 42‘0»
I Pub SE&-G pf 16) no 110 110 110
Pullmn Corp(4). 81% 81% 8m 8m
1 Punta Aleg Sug. 24% 30 29% 30
! Pure Oil <tl% ). 25% 26% 25% 26%
Purity BakAi3). 58 58 58 58
Purity Bak B (2) 90 90% 89% 90%
1 ladlo Corp of A . 94% 951.,, 9314, 9314
Rand M (a3.04). 39 59 39 39
i Reading 1 to).. . 105% 11159 t 05% 105%
I Real Silk pf (7). 89 89 89 89
j Held lceOrm(3) 80 81 80’ 80%
! Remtngtn-Rand 23 % 23% 2i% 23%
) Hent-Rd Ist (7 ), 94% 25 94% 95
Rem-Rd 2d (8).. 98 98 98 98
Reo Motor (tl). . 26% 269 26% 26%
Rep lr & Stl (4,. 60% 61 fio% 60%
Rep J&Spf (7 ). 103% 103% 103 % 103%
Reynolds Spncs 11 11% n n%
Rey Tob B(t 6% ) 157 107% 157 157
RichfieldO(fl.ls; 27% 28 27% 28
Kossia ins («>.. 182% 182% 175 178%
Royal Da3.13%. 47 47% 47 47%
St Jos Lead <t3) 41% 42 41% 41%
St L&SanFr(B). 107% 107% 1069 1069
Savage Arms. .. 62% 62% 61% 62%
Schulte (3%)... 53 63% 52% 52%
Scnulte pf (8)... 121% 121% 121% 121%
Seabd Air Line.. 29% 29% 29% 29%
Seab Air L pf... 37% 37% 37% 37%
Seagrave <e1.20) 13% 14% 13% 14%
Sears-R <n2 %). 86 % 89% 86% 89%
Seneca Coper... 2% 2% 2% 2%
Shattuck F O (2) 94% 94% 92 93%
Shell Un (1.40).. 25% 40% 20% 25%
Shuber The (6). 70% 70% 70 70
Simmons <2 ) .... 59 % 60% 59% 60
Simms Pete 25 25% 25 25%
Sinclair Oil 18% 21% 18% 21
Sinclair pf (8).. 102% 103% 102% 105%
Skelly Oil (2)... 25% 26% 25% _6%
Sloss-Shef 16).. 121% 12<% 123% 123%
South Calif Ed.. 44% 44 » 44V* 44 9
South Dairies A. 27 28% 27 28%
Sou Dairies 8... 10% 11% 10% 10%
South Pac (6). .. 121% 124% 12 (% 123%
South Por pf(8). 136 136 136 136
Southern Ry (8). 146 146% 146 146
South Ry pf (5). 100% 100%. 100% 100%
So Rwy M&0(4) 115 115 115 115
std G* E taVfc). 60% 60% 60 60
Std G & E pf ( ♦). 65 65 6 > 65
Stand G&Elec rts % % % %
Std Mill (5) 98% 98% 9'% 98%
Std Mlllg pf (6) . 101% 102% 102 102
StdOllCaKt2% i .5 D.y* 55 55%
StdOil.NJ (11 % ) oil * 39% 39% 39 4
j Std OUNYt I.fini 31% 31s .il% 31%
j Sterlg Prod(t7).. 134 134% i 33 133%
; Stewart Wat <6) 83% Si% 82 82
Studebaker <5).. 59% 609 59% 59%
Submarine Boat. 4% 4% 4% 4%
Sun 011 (11) 32 32 32 32
Superior Oil. 3% 3% 3% 3%
Sweets of Amer. 12% 12% 12% 12%
Symington 4% 5 4% 5
Telautogra (60c) 16% 16% 16% 16%
Tenn Copper 11) 11% 11% 11% 11%
Tex PC&O(6oc>. 13% 14% 13% 14%
Texas Corpn (3) 52% 53% 52% 53
Tex Gulf Sul (4> 76% 76% 76% 76%
Tex Land Trst n 26% 2726% 27%
Thatchrpf(3.6o) 47% 47% 47 47
The Fair (2.40). 33 33 33 33
Tldewatr As Os). 16% 17% 16% 17%
Tld WAsOHpf(6) 88V* 88V* 88% 88%
Tidewatr Oil 800 22% 21 22% 23
Timken ito) 133% 133% 132 132
Tobac Prod (7).. 116% 116% 114% 114%
Tobac Prod A (7) 118 118 117% 118_f
Transcont 0H... 9% 9% 9% 9%
Transue & VV( 1) 46% 46% 46% 46%
Twin City R (4). 02 52 52 52
Underwood (♦). 66 66 65% 65%
Union Carb (6).. 149 149% 148% 149
j Union OH (t 2%) 45 45% 45 45%
‘ Union Pao (10). 194 194 193% 194
i Un Pacific pf (4). 85 85 85 8>
| Union Tank (6). i 23 123 121 123
UtdCgrStiCßoc) 34% 35% 34% 35V,
I Utd Cgr St pf(6) 108 108 108 108
j United Drug (9) 193% 194 193% 193%
j Utd Frult(ts%). 141 144 142 142
jU S Distributing 18% 19% 18% 19
US Hoffman (4) 52 % 52% 51% 52
IU S Alcohol(6). 109% 110 108% 109%
1U S Leather wl. 23V* 23% 23% 23%
US Leather A.. 56 56 54% 55
U S Realty (4).. 68 68% 67% 67%
U S Rubber 57V* 57% 56% 56%
US Rub Ist (8). 104% 104% 104% 304’%
US Smelt (3%). 47% 47% 46% 46%
U S Sro pf (3 %). 51% 51% 51% 51%.
I U S Steel (7)... 149% 149% 148% 148%
U S Steel pf (7). 138% 130% 138'% 138%
Un Leaf Tob (3) 67% 67% 67% 67%
Uni Pic Ist pf(8) 101 101 100% 100%
Unlv Plpe(t2%) 20% 27% 25% 2%
Uni Pipe pf (7).. 92% 93% 92% 93
Utl P&Lt A <e2) 30 30 29% 29%
Vanadium (t«).. 59% 59% 58% 58%
j Van Raalte pf... 44% 44% 44% 44%
j Vick Chem i 4).. 60 60 60 60
j Victor Tlk Mch.. 52% 53 52% 53
! Victor cv pf (6). 109% 109% 109V* 109%
! Victor pr pf 17 1. 101% 101% 101% 101%
I Va-Caro Chem.. 14 14 14 14
! Va-Car Ch 6% pf 46% 46% 46% 46%
Vlvadou (b 10)... 20% 21% -0% 21
I Vulcan Detln... 28% 28% 27V* 28%
j Vulcan Detint A ) 23 23 23 23
Wabash 66 66 65% 65%
Wabash pf A (5) 9.3 93% 93 93%
Waldorf ( 11% ). . 20 20 20 20
1 Ward Cl A (8)... 114% 114 , 1143* 1144*
Ward Baking B. 27% 27% 26% 27
Warner Pic A... 21% 21% 19 20%
Warner-Quln(2) 3>% 32% 31% 31%
WarF&Pipe Cor. 20% 21 20% 28%
Warrenlst pf(3) 68 69 68 69
Western Dairy B 26 26 26 26
VV Penn El A (7) 108 108 108 108
W Penn El pf (7) 111% 111% ui% 111%
: West PPo (#)... 109% 109% 109% 109%
| West PPo pf(7). 116 116 116 116
i West Maryland. 51% 51% 51% 51%
I West Pacific 36% 36% 36% 36%
!• Westn Pacific pf 61% 61% 61% 61%
| West Union (8). 170'/* 170 % 170% 170%
i Westhse A B(2) 46% 46% 46V* 46%
j Westlnghse (4). 90% 90% 90% :i()%
i Whit* Eagle (2) 21 21% 21 21%
White Mot (3).. 38% 38% 37% 38%, ,
j White Sew Mach 40% 42V* 40% 42
| Willys-Overland 18 is i7% i7% I
l Wilson & C 0.... 12% 12% 12'% 12%
: Wilson Co pf A.. 22% 22 * 21% 22%
j Woolworth (6) . . 193% 19. j% 193 . s 1941, 4
(Vorthn Pump.. 30 32% 30 32%
i Worth Pump (B) 45 45 4 . 4.,
Wright Aero (1) 82% 82% 75% 77%
; Wrlgley (t 3%). 70 70 70 70
] Yellow Truck... 35V* 35% 34% 34%
; Yel Tr&Co pf (7) 89 c 9 89 89
! Youngstn Sh(s). 94% 94% 94 94%
Dividend cat.-* as riven tn tbe above table
are ihe annual cash payments based on tne
I latest quarterly or nali yearly declarations.
I Unless uuerwise noted, extra or soeciai divi
j .ends are not included.
• Unit ol trading less than KM) shares
r Partly extra. I Pius r% tn stock S Pay
able 111 common slock 1i Plus 2/0O in
aloes a Paid llus vear—no regular rate
o fan per cent .n common stuck, payable
2% v« quarterly c 1 lus 5%• in stock, d Pay ,
able wo.-j carried. e Payable in cash 01 |
j stock. 1 Pius 10 U in stuck, s Plus I/5o I
I share iri stock a Plus 81 a share it. special I
stock 1 Plus b% m stock 1 Plus 2%> in J
stock k Payab'e l/4u ot a share quarterly
tn Glass A stock. in Plus 8% in stock
0 Partly stock, b Plus $3 in prelerred . lock
1 Plus one*half of common »toek.
TREASURY CERTIFICATES.
1 Reported bv J. & W Seligman & Co.)
, Close.
i Rate —Maturity. Bid. Oiler
3g Mar. 15. 1928... 99 28-32 99 30-32 '
3%s Mar. 15. 1928.. 99 30-32 100
3% s Sept. 15. 1932. . 100 100 2-32 i
I 3%s Mar 15. 1932... 100 100 2-32 1
SHORT-TERM SECURITIES.
I 1 Reported by J. & W Seligman & Co.I
/ (.lose.
Bid. Offer
1 Allis Chalmers 5s 1937..... 10i'\ 101 %
| Alum Co. ol AUI. 5.“ 19p2. 101% 1 ‘ >
I Am. Tel. & Tel. Co. 4s 1929 99% 9» %
! American Thread Co. Os 1928 101 % 101),*
1 Anaconda Copper Or 1929.. 101% 10- ►
Associated Oil 6s )93">..... 103 103 ,
Baltimore & Ohio 4%s 1933 100 s 100 ’
l atavian Pet Cor. 4% s 11)42 94 * v
Calif Pet Corp. 5%s 1935. 100% 100%
Canadian Nat R.v. 4%s 1930 100% } %
Canadian Nor. Ry. 4%s 19. in 99% ))))[%
C &O. Rwy. Co. 4% s 1930. 100 % 100;%
Chi. Mi! & St. Paul 6s 1934 103% }»*%
Dela. & Hud. Rwy. 7s 1930. 10a% 106
Duquesne Light 4%r 3 96., 100% }|o%
Erie Rwy. Co. 7s 1030 10f>% 106%
Gen. Mot. A'cep. C. tie 1937 19:!% ?i!r%
General Pet. Corp. 5s 1940. 102 102%
B. F. Goodrich Co. 5s 1929. 100% 100%
Goodyear T & R. 5s 1028.. 100% 100A
> Hershey Choc Co. 5%s 1940 102% 103
Humble Oil 5%s 19.32 102% 103
Mass. Gas Co. 5%s 1940 .. 104 V 104 %
New York Tel Os 1941.... 108% 109
Oregon Short Line 4s 1929 99 % 99%
■Sinclair c Oil P C. 6s 1928 100 100%
Soil. Pac R. R. Co. 4s 1920 99% 99%
Std Oil of N V. 6%« 1933 103% 104%
std. Oil d N Jersey 5* 1946 103% 103%
St LlrMt&B Ry 4s 1929 99% 99%
Swift A- Co 5s 1932 100% 100%
Union Oil of Calif 5s 1935 99% 100
Colon Pac R R Co. 6s 1928 101 101 %
T S Rubtier 7%s 1930 . 105% 105%
C S, Smelting Co s’.s 1035 !03 %> 104
IVheeliiUj Steel C 5% t 10li 101% 102
! SAVINGS CLUBS UP!
| 20 TO 80 PER CENT
New Members Flocking Into
Local Banks—More Bonuses
and Dividends Voted.
BY EDWARD (’. STONE.
| Information gleaned in the local i
j banks shows that the number of mem !
! hers in the 1928 Christmas Pavings j
I Clubs is going forward by leaps and
i bounds. Po for an increase from 20 j
1 per cent to as high as 80 per cent has j
! been noted. In the year now closing i
I the number of members in the local j
i clubs reached 78,000. According to tlv ,
I present rate of increase the clubs dur
| ing the coming year will have at least
i 90.000 members, and possibly a good ,
many more.
The District Bankers’ Association |
lias just started!a series of advertise ,
ments picturing the benefits to the j
community and the individual deposit- j
ors derived from this method of say- j
ing. These advertisements are so con- j
vinoing that they are no doubt playing j
an important part in starting many |
new members toward the bank win j
dows.
Bank Elects Eee Vice President.
P. Blair Lee of Pilver Ppring, Md., has j
been elected a vice president of the i
First National Bank of Philadelphia,
and will assume his new duties on !
January 1. it was announced jester j
day by Livingston E. Jones, president !
of the bank.
Mr. Lee is a son of former United ;
Plates Senator Blair Lee of Maryland.
He has had extensive banking experi- j
ence and at present is a director of the |
Pilver Spring National Bank, Pilver j
Spring, Aid., and of the Takoma Park
Rank, Takoma Park. Md. He is also a
director of the Birdsboro Steel. Foun
dry <Sr Machinery Go.. Birdsboro. Pa.;
| treasurer and manager of the Silver
j Spring Building Supply Go,; vice presi
! dent of the North Washington Realty
! Co., and a member of the Maryland
j National Capital Park and Planning
! Commisison. He will make his future
home in Philadelphia and resign from
the Parks and Planning Commission.
Three assistant vice presidents were
: elected by the directors at the same
■ lime, all of whom have been connected
i with the bank for more than 25 years.
Liberty National Votes Dividend.
The board of directors of the Liberty
National Bank at. a meeting yesterday
afternoon declared the regular semi- i
annual dividend of $3.50 a share. Tt is
payable on December 31 to stockhold
ers of record at the close of business
December 23. The books will not be
closed.
10 Per Cent Bonus Distributed.
Vice President John D. Leonard an
-1 nounces that the board of directors
of the Washington Savings Bank at
a recent meeting declared the regular
semi annual dividend of 3 per cent,
payable January 1. and at the same
. time voted a Christmas bonus, of 10
i per cent of the salaries of all its em
-1 ployes.
New Assistant Cashier Elected.
| John M. De Marco was elected assist
ant cashier of the Seventh Street Sav
ings Bank by the board of directors.
J at its meeting December 15, to till
! the vacancy in that position.
Mr. De Marco has been an employe
j of the bank for a number of years and
! is well qualified for his new duties.
| It was in appreciation of his qualifica
| tions and meritorious service that the
| appointment was made, according to i
! John D. Howard, vice president and j
I cashier.
Represents Loral Clearing House.
President Robert V. Fleming of the
Riggs National Bank has been ap
pointed District representative of the
clearing house section of the Ameri
! ran Bankers’ Association, by Thomas j
R. Preston of Chattanooga, A. B. A.
• president.
i Mount Vernon Adds Yuletide Joy.
The Mount Vernon Savings Bank
| made its annual distribution of Yule
j tide joy yesterday when a 5 per cent
salary Christmas bonus tvas given to
j all employes of the hank. President
j William Muehleisen, in pre,senting the
* gift, expressed the hope that business
growth during the coming year would
i warrant the distribution of an even j
larger amount next Christmas.
Local Firms in Bond Award.
Crane, Parris & Co. of Washington. J
1 bidding with White, Weld & Co and
! the Fletcher Savings & Trust Co. of |
| Indianapolis, were the successful hid- j
I ders yesterday for $1,405,000 of the 4% j
per cent bonds of the Philippine Is- i
lands, dated July 1, 1927, and due July
1, 1957, with a bid of 107.81. The pro
ceeds from the sale of these bonds
will be used for improvements in the
various States designated as a loan
for use in the provinces.
Initial Dividend Is Declared.
Bankstocks Corporation of Mary
land has declared an initial dividend
of 15 cents on the common stock, pay
able January 1 to stockholders of rec
ord December 17. H, George Thy son
is the local manager of the Harris-
Mooney & Co., which company han
dles the securities of the Bankstocks
Corporation of Maryland.
Local Bank Clearings Reported.
Bank clearings in Washington for
the week ending December 15 totaled
$28,364,000 compared with $30,918,000
during the previous week, according
to Bradstreet, and also lower than last
year for the same week. The country
as a, whole also reported the same
small declines.
A. I. B. Banquet Date Selected.
The hoard of governors of Washing
ton Chapter, American Institute of
Banking last night selected February
18 as the date for the annual banquet,
the big event of the year among junior
bankers. T. Hunton Leith is chair
man of the committee.
INTERNATIONAL PAPER,
i NEW YORK, December 17 OP)
j International Paper Co. is expected to
offer common stockholders the right
to subscribe to additional 7 per cent
preferred stock on the basis of one
share of preferred for each 10 shares
of common held. This will amount
to an offering of about $10,000,000 of
additional 7 per cent preferred.
•
| NOT SEEKING SUPPLY FIRM.
NEW YORK. December 17 UP>.—
i Denial is made by Youngstown Sheet
| & Tube Co. that it is seeking acquisi
| tion of Associated Supply Co. at this
time.
MAY SHOW PROFIT.
NEW YORK. December 17 (4 5 ).—;
Officials of American Rayon Products ;
i Corporation report current operations i
are running at a favorable rate, and j
that the annual report may show a j
| small profit, as against a deficit of
$837,328 last year. Recent improve
! ment in the company’s business is said
to be due to the readjustments and
I economies effected by the new man
agement and the generally healthier
| conditions in the rayon industry the
last six months.
COPPER OUTPUT DOWN.
NEW YORK, December 17 OP)—
The world's output of copper in No
verpber is estimated at 144,975 tons
by the American Bureau of Metal
Statistics, against 148,278 tons in Oc
tober and 136,291 tons in September
Production for tl months this year is
put at 1,542,385 tons. '
i
- |
Goes to Philadelphia
| j
F BLAIR LEE,
Os Silver Spring, Md., a director in
: two local banks, has been elected vice
president of the First National Bank
of Philadelphia. He will resign at once
as a member of the Maryland-National
Capital Park and Planning Cotnmis-
I sjon. _ |
r SC-6GC MARKET
FOR TURKEYS SEEN
Weather Biggest Factor in
King Bird Sales—Vege
tables Are Plentiful.
There was nothing about the con
dition of the poultry market this
morning to suggest a probable short- j
go of turkeys for tlm approaching
Christmas holiday season. Neither
was there a condition to suggest the
glutting of the market with king of
the barnyard fowls.
Wholesalers will be at the places i
i i>f business practically all day tomor- I
i row to care for supplies received by !
' express from distant points.
Just what prices will prevail the
coming wqek probably will be de
termined Monday, receipts and weath
| ep conditions being largely determin
ing factors.
A local wholesale dealer today sug
gested the possibility of a 55-60-cent
Christmas market on dressed stock j
and a 48-59 wholesale price. He
suggested a wholesale price of 42-43
cents for live turkeys and a probable i
retail price of 45-48 cents.
Plentiful supplies of Spring chick
ens and fowls have been received in
the local market during the week,
lowering prices, and the egg market
also became easier with prices drop
ping. The butter market continued
firm, an advance of 1 cent a pound
being reported.
Meats Change Lit tip.
Meat prices have undergone very
little changes. Prices of choicest j
meats continue fairly high, with the j
exception of pork. Both fresh and j
smoked pork products are reported j
much more reasonable than usual at !
j this season of the year.
Thousands of Christmas trees
j hanked on all sides of Farmers’ Mar-;
! ket the past few days have crowded !
j vegetables and other commodities to |
mailer spaces, preventing their prop
er display to attract attention of ■
buyers.
Dealers this morning frankly ad-
I mitted that nothing like all the trees :
being received will be sold and re- j
gretted that the forests are being dev- :
astated. Some shippers sent quan
tities of holly trees.
Spruce and pine trees from New
England were quoted at various prices j
today, wreaths of running pine and
hemlock selling at $1.25 and $1.50 a
dozen.
Market dealers reported a dull con
dition of the market the past week,
suggesting that buyers are holding
j off for the holiday season. Vege
j tables continue plentiful and cheap,
according to dealers, supplies holding
j out much longer than usual for a
i Winter season, due. it is stated, to
! continued warm weather.
Better grades of potatoes from near
i by Maryland and Virginia farms are
j said to he in greater demand than
shipped stock, the best of them selling
at $1.50 a bushel. No. 2 stock selling at
$1.25. Red potatoes were quoted at sl.
Nancy Hall and Jersey sweet potatoes
this morning were quoted at $1.25 and
I $1.50 a bushel.
Greens in Good Supply.
Kale, cabbage and spinach continue
to be received in plentiful supplies and
cheap prices prevail. Both white and
green cabbage and kale sold at 50 cents
a bushel, scarcely enough to pay for
their raising, it is stated, while spinach
was quoted at $1 and $1.25 a bushel.
Radishes, grown under glass, were
quoted at from $3 to $5 a hundred.
Home-grown lettuce is off the market. ;
Parsnips and carrots are selling at 75 j
cents and $1 a bushel basket, while
white turnips sold as low as 50 cents, I
the vellow vegetable bringing 75 cents
and sl.
Tomatoes from the Bahama Islands,
Florida and California are to he had in
the local market.
Florida peppers and cucumbers have ;
been anything but plentiful. Dealers
also reported light receipts of cauli- j
flowers and eggplants.
Only moderate supplies of celery,
lettuce and string beans were reported j
the past few days.
Buyers during and since the Thanks- j
giving holiday season have pretty j
well cleaned up the supply of pump- j
kins, sending the prices far above
what they were earlier in the sea
son. The old-fashioned pumpkins this
morning were quoted at $2 and $2.50
a barrel.
Apples Not So Plentiful.
Country apples, nothing like as
plentiful as last year, when farmers
were almost willing to give them
away, sold at from $1.25 to $2.50
a barrel. Most of the culls have
been converted into cider, the bev- j
errtge selling at 50 cents a gallon,
plus a charge for containers.
Dealers reported moderate receipts
of oranges, grapefruit, cranberries,
grapes and pears. Receipts the com
ing week probably will be more than
ample to supply the demand.
Dealers at Municipal Fish Market i
have had supplies of marine products ;
of all kinds and sizes throughout the t
week, the smallest, smelts from
Maine at 30 cents a pound, and the
largest, sturgeon, from Southern
waters, at 45 cents. Prior to this
week’s receipts, it is stated, there had j
been no sturgeon here for several
weeks.
Oysters from the lower Potomac;
and Chesapeake Bay points continue j
to come in p'entiful supplies and are I
in fairly gcJb demand.
With receipts, it is stated,
has come iW improvement in the |
quality of bivalves, but no in- i
crease in price. Selects have sold at
$2.50 and standards at $2.25 through
out the week. Shell stock from the
lower river sold at $2 a bushel and
blue points at *1.25 per 100.
T/ibsfer Receipts Heavy.
Receipt of lobsters from Maine was
an interesting feature of the week's
market. They came in plentiful sup
plies and met a good demand at 55
cents. Both grcsn and cooked shrimp
ARGENTINE REPORT
SENDS WHEAT DOWN
Larger Crop Estimate Has
Bearish Effect —Corn
Prices Have Ascent.
Bj Associated Pri"-?
CHICAGO. December 17.—Influ
• "tv or] by a larger official estimate of
wheat production in Argentina than
was looked for. wheat prices aver
• aged lower today in the early dealings.
| The Argentine crop indicated was in
j excess both of the yield of and
cf 1 925. Starting un< hanged to 1 1
j higher, the Chicago wheat market
i underwent a moderate general set
| back, but later rallied. Corn devel
oped strength, showing fractional j
advances all around after an irregular
start. Oats were firm. Provisions
held steady.
Prices to leading grain houses here
! did much to counteract at times today
s tiie bearish effect of Argentine govern
ment figures which suggested that Ar
: gentina would have an exportable
| wheat surplus of as much as 165,000,-
i 000 bushels. Unofficial information
I was to the effect that the government
; figures were too optimistic and that
j the amount of wheat available for
shipment to other countries would be
substantially below the estimate
based on the government forecast.
According to the Argentine official
crop report unfavorable conditions j
during this season’s wheat growth arid
fructification did not have ttie deci
sive effect upon til" yi»ld which was
feared. Only certain regions suffered,]
, a report savs. On ttie other hand th‘
j Liverpool market today showed steadi
i ness in the face of the Argentine offi
! Ha 1 statement and some dispatches
from Liverpool said that shippers were
resisting any decline in wheat values. ,
Hate lop Been Shine \ef?
; Some men have to get stung good
! and hard before they learn to be eau- ;
?ious in making investments. Before
you invest—investigate.
OUTLOOK IS GOOD.
NEW YORK. December 17 C 4 5)
If. E. Byram. receiver for the Chicago,
MHwaukee & St. Paul, expects No
vember gross revenues and net operat
I ing income to he about the same as
| lust year. December loadings were
| running lower than a year ago. “The
i outlook for earnings in the first few
i months of 1928 is good. While we
have not made up any capital ex
penditure budget for next year, yet I
expect our rail program to be about
the same as this year.’’
GERMAN BONDS AND STOCKS.
t By Special Leased Wire to The Star.
. XE W YORK, December 17. —
_ , Bid. Asked
i Per G» Red Loan with draw
! <tfs art per 100 RM.. . . 55.00 06.00
Ger Gt Red Loan without
draw etts per 1 000 R M 39.00 31.00
i Quoted in dollars per million marks. I
Hamburr 4 %.* 1019 35.00 35.00
'Quoted in dollars per thousand marks. I
Ger Gen Elec 4 ! ,s pre-war. 35.00 37.00
Gen Elec 4 1 s 1910.... 3.35 3.00
Berlin 4s pre-war 4 00 5.00
M.imb 3« s A ts pre-war .75 1.50
dambimr Ainor Line 4'js.. 30.00 33.00
, North German Lloyd 4V‘iS. . 30.00 33.00
KrilpO 5s 1031 1.35 2.00
Dusseidorf 4s pre-war 1.50 2.50
Frankfort a-M 4s pre-war. . 1.50 2.50
Munich 4s pre-war 2.00 3.00
(Quoted in dollars per share.)
\ E G i Ger Ge Elec* 36.00 40.00
; V E G * Ger Ge Elec* pfd B 10.00 12.00
('onimerz and Pm at Batik. . 24.00 26.00
' I G Farben 126.00 135 00
| Disconto Gellschaft 53.00 55.00
I Berliner Handels 110.00 120.00
Dresdner Bank 28.60 30.00
Deutsche Bank 37.00 39.00
Darmstaedter Bank 54 no 56.00
: Heyden Chenj 11.75 13.00
! Merctir Bank Vienna .70 .90
j Nor Ger Lloyd 14.50 16.00
• Austrian AEG (Gen Elect . .80 1.00 !
FOREIGN EXCHANGE.
Quotations furnished by W. B Hibbs & Co.)
Nominal gold Selling cheeks
value tor part. today.
London, pound $4.8665 $4 88
Montieal. dollar 1.00
Paris, franc 193 .0393 Vi
Brussels, belga 139 .1399 I
Berlin, mark 2382 .2389
Rome, lira 193 .0542V4 I
i Zurich, iranc .193 .1930
Athens drachma 193 .0129 j
Madrid, peseta 193 .1668
Vienna, schilling 14069 .14090
Budapest, pengo 1749 .1748
Prague, crown .0296%
; Warsaw, zloty 193 .1150
Copenhagen, crown. .. .368 .2081
Oslo, crown 268 .2662
Stockholm, crown 268 .2700
NEW YORK. December 17 (A 3 ). '
Foreign exchanges easy; quotations i
(in cents): Great Britain —demand. 1
487 ■"%; cables, 488 3-16: 60-day hills j
on banks, 453 \: France —demand, j
3.93 7-16; cables, 3.93<%: Italy—demand. !
5.42‘v. cables, 5.42‘5,.
Demand: Belgium. 13.98: Germany.
23.5 SV 2 ; Holland, 40.38 Norway,
26.604*; Sweden. 26.98 1 »: Denmark, :
26.81; Switzerland, 19.304^; Spain, j
16.67 l 2’, Greece, 1.33; Poland, 11.25;
■ Czechoslovakia, 2.9644; Jugoslavia, !
| 1.76; Austria, 14.10; Rumania. .62;
j Argentina, 42.81 >4; Brazil, 11.98; To
kio, 46.03; Shanghai, 64.25; Montreal,
j 99.90%.
FEDERAL LAND BANK BONDS.
i (Quoted by Alex. Brown & Sons. Closing.l
Approx
; Rite—Maturity. .Bid. Asked, yield.
'ss Ma.v 1941-31 . 103 103 Vi 3.92
5s Nov 1941-31 103 103 V, 3.93
4%a May 1942-32 . . 101 V* 102% 3.05 !
i 'is Jan. 1943-33 102 102>i 4.00
j 4% 9 Jail. 1953,-33 . 102 192% 3.98 j
4*3 July 1953-33 .. 102 102*4 3.99 i
i l J ts July 1953-33 .. 103*4 103% 4.02
14% a Jan. 1954-34 . . 103 V, K>4 4.04
Iks July 1954-34 . 103% 104 4.05
tbs Jan 1955-35. . 162% 103*4 4.00
4*,s Jan 1950-30 . 162% 163% 4.06 >
t *«s July 1956-36 .. 101% 102% 3.93 j
4*4 s July 1957-37 .. 161 % K*2% 3.93 j
Is Nov, 1937-37 . . 106% 101 3 875 j
have been plentiful this week, the |
i former selling at 20 and the latter at j
150 cents a pound. Clams today were
j quoted at $2 per 100, scallops were S 4 I
a gallon and there was plenty crab- i
meat at 50 cents a pound.
Fresh - caught Spanish mackerel \
from Florida found ready sale at 25 I
cents. The same price was quoted j
for red snappers from these waters, |
while Boston mackerel, frozen, sold at |
20 cents. Fairly large quantities of i
ling were received from the Jersey
Coast. A price of 20 cents was quoted
j for them.
Tilefish, product of New York
waters, were in demand this week at
IS cents, while fresh-caught cod from
the Jersey Coast also were in demand
at a similar price. Halibut and sal
mon were quoted at 25 cents. Had
dock were in demand at 10 cents, the i
filet of haddock, always a good seller,
linding ready sale at 22 cents.
Small perch, hoth white and yel
low. from the creeks along the lower !
Potomac, were fairly plentiful this '
week, selling at 15 cents a pound, j
while rockfish were quoted at 35 cents]
The uyo varieties of trout sold at
from L 5 to 28 cents a pound, kingfish
from North Carolina bringing 15
cents.
Carp and catfish, products of the
Potomac, have been plentiful the past
few* days,, the former quoted at 18
and the letter at 20 cents a pound.
There has been a particularly active
demand for the catfish. Croakers sold
as low as 15 cents a pound.
Wholesale Prices Today.
Meats, fresh killed—Beef, 20a25;
veal 24a2.6; lamb, 26a27; fresh hams, 1
18al9; loins. 21a22; fresh shoulders.!
16a17; smoked hams. 20a22; smoked
shoulders, 14a16; strip bacon, 22a24; I
lard, 13a13%: calves, alive, 14a15; i
lambs, alive, 13.
Eggs—Fresh selected. 44a45; hen
nery, 48; current receipts, 42.
Poultry, alive Turkeys, 40a42;
fowls, small and medium, 20a21; large,
22a23; Spring chickens, 24a25; roosters,
15; ducks, 18a20; keats. young, 70a75;
old, 35. Dressed—Turkeys. 43a46,
Spring chickens, 27a28; roosters. 18;
capons, fancy, heavy. 45a45: small,
3Sa4O; ducks, 25a30; keats, Soa9o.
FINANCIAL.
Mortgage Money Loaned
at Low Interest Rates
Economic Condition*
Tyler & Rutherford
Loan Cor respondent Mill uni Benefit
Life In*. Co.
1520 K Street Main 475
Money to Loan
1 Secured by first deed o{ trust on real
I Prevailing ntere.t and oomms* n * Te
Joseph I Weller
WE FINANCE
—all els*«*s of income.product-,
property
Large Loans a Specialty
Current Interest rate and commission
Higbie & Richardson, Inc.
816 15th St. N.W.
In Nearby Virginia
5- . g-4 Prudential
1 j«y /(J Insurance Co.
/46 ' Loans
Commonwealth Investment Co.
917 15th Bt. Ni.W Plionc Main 2112.1
CHURCH LOANS
We are in a position to handle con
struction loans for Churches ami Institu
tions—Phone Main 5044.
REAL ESTATE LOANS
5%
FRED T. NESBIT
inin Vermont Ate. Main '1392
1 THE ANNUAL MEETING OK TH! j
stockholders of the National r-i - tai Bank ■
of Washington. P (’.. for the election of
\ directors and the transaction of any 1
business that ma.v lie brought before ;
meeting will be hold at (he ba
hou«p Tuesday. January 10. 1928 He
(ween the hours of 12 o’clock n >on ami
i 1 3 o'clock p m.
H C STEWART Cashier.
Money Available tor
FIRST DEED OF
TRUST LOANS
6 %
Reasonable Commission
Prompt Replies to Applications
JAMES F. SHEA
643 Louisiana Ave. N.W.
■■■ ■■■ * ..111 nin .M ■ ■ ■ .1. a:
First Mortgage
and
Construction Loan
Applications Invited at
1 I
5
Glover Flather
1508 H St. N.W.
Main 1753
6% M £r
Safe—Conservative
Make your savings and surplus
| funds work for you at the high
est interest rate consistent with
absolute safety.
40 Years’ Experience
In financing homes
and in the sale of
these securities
Wm H Saunders Co, Inc
REALTORS
yJVlain 1016 1433
Is That Mortgage
Due Soon?
We’re ready to attend J
to any refinancing you
many find necessary.
'[Loans made on Real j
Estate in District of Co- i
lumbia and vicinity,
i j Ample funds available.
Lowest Interest and Com
mission. Prompt Service
THE COMMERCIAL
NATIONAL COMPANY
(INC.)
Paid-Up Cash Capital. $700,000.00
Commercial National Bank Bldg
j 14th and G Sts.
Second Trust Money
If you want a second trust
loan to refinance your property
see us. Loans on D. C. real
estate made at low rates and
on convenient terms.
)
W. H. WEST COMPANY
916 15th St. Main 9900
6 1/2% “
First Deed of Trust
Notes for Sale
Secured by
Improved Real Estate in the
District of Columbia
Principal and Intere*t
GUARANTEED
REAL ESTATE
MORTGAGE &
GUARANTY
CORPORATION
Main 1403 26 Jack. on Plat.
P.iourr,, Over $4.000,900
L. E. Breuningnr, Preiidtnl