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Oakland Tribune Newspaper Archives Jan 26 1928, Page 3

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Oakland Tribune (Newspaper) - January 26, 1928, Oakland, California Thursday evening cuff time january.26, 1928 new York Stock Market associated press exclusive to Kew Rokk Jan. I sales. R h the Complete closing list to Day s transactions this new York Stock Exchange sales in 100s. High. Low. Close. A lilt p 160 100 1 Abra dvrs .iw4 104 10 do pad my 7 Adams exp .2s5 2" 1 do pad 2 adv Rumley 4 do Phil 2u 5 hum Lead 3% 3 11 air a Educ .1111 1ss 839 Ajax rub 11% 42 alas Jim old. K 232 Aib p w a. 31% 23% 630 do pad 104-i As Ai Chin l 155% c Allis Chi mfu.116% 115% 285 95% 125s 39 1s3 14 u 21 h loss 1 anal Lehr 15 Amerada up 4 am Ai c pad 67 am life Noe 10 do Phil 1 am by Sug 10 am fit 87 70 -. U s 66 s-4 16% k 1.1 35 1s1 1 am Bruni ?s7 am can 17 am c f 30s 1 am Chain pf.101 101 4 am clude 6i % m 5 am drug syn. 13% is to am Enchau tvs 17 am exp .1s3 i am it a i i. 2 3o pad 16 Asa. Home pm j48 am ice 14 am la f 83 am linseed 2 am Loco 1 am i oco p 2 am ii pc it 1 do pad am Metal co do pad am piano do Pat am p it am Lia Aiuto am by exp am re pub 20 31 8 till 13% High. Low. Close. 1 de Beers con. 27v4 27u 50 do pad .11v 116% 117 11 Delaw hud.179 177h 2 Del l West.133% 133% 133% 2 Den e w 57 56% 56% 2 Detroit edis.l74% 173% 174% 15 Devoe r a. 49% 48% 49% 640 Diamond mat.14554 112u 143h 61 Dodge Eros a 20% 19% 20 22 do pad 72 70% 72 1 dome mines 12% 12 12 9 Duluth 4% 4% 4% 4-1 Dunhill int 64% 64 3 Dup de kern.819 319 319 350 it 1 .-116 he 116 Kaitman is Baron a apr 27% 26% 27 Eise Viloar Bros 16% 16h a a 5 exec audio lit.110% 109% 109% s Klec boat 14% his 1-4% 146 Al pow it. 34 15 elec re Frog 75 elec Stor Bat. 71 5 Emerson kit a 7% 3 indic not John. 7svj 18 Kus Pun 36% 3 Equit off bid 98% . Of Tri Ito 16 Krie r r 62% 33 12 71 7 7s 7% 78 1 do 1st pad. 62 62 62 1 Eureka Vau c 74% 74 u 74 34 1 exch Buffet. 20% 20% 20% 195 fed it Tret 51 49% 45% 7 Feu Mot to 19 a 20 1 fid pcs f 1.2 is 20s 2us 2 filth a bus. 12 97 f Nat stores. 32% 11% 31% Siple Low 2 Norfolk South 46% 8 Norf 186% 42 nor Amer co 613s 1 nor am Ufa. 5a% 53% 5 nor Pacific 96% 05% 3 nor Pac cts. 94 63% 45 Oil Well sup 35% s5 30 Oil Well s it. 108 107 82 Obib corp 14% 2 Monib cup 54 93 8 Oppenh col 87 84 2 Orpell Cir 2-1 23 46% 53% 96% 84 35% 107 is is 94 is 24 Orph Cir pf.l01% 101% 7 Otis Kiev ____15-i 151 7 Otis 11% 31% 3 Otis St s5% 28 Owens bottle. 711% 10 Pac 0 h 4s 4s 87 Pac Oil stubs. I l-5s 114 120 Pac to t-----153% 152% Loit 70 pack Mot car. Us i u pan am Petlem 42 41-. S 33 do b 32% 32 i 32 7 Pam am a b 13% 1 pan pm Kef 3 5-si in Stock Market reassurance from Mellon Money rates causes prices to Rise by George t. Hughes new York Jan. New York Federal Reserve Bank re discount rate remained unchanged at per cent following the weekly meeting the directorate today. No change was made in the Kansas City Bank Rale. I do a s Patino m e. 25 i Peerless to c 37% 11 pc Nicl Ford 27% 1 Penn Coal c 12 1 Penn Dix Cem 23% 30 Peop was .7% Wall Street new York. Jan. Vulnerable position the Stock Market was clearly indicated today. Having been unable to withstand the announcement the increase in the Chicago re discount rate wednesday which recited i an abrupt change in speculative sentiment it turned about today and started Forward following s 4 the latest developments in the credit situation. 12 u j Fleisch co. 73% 72% by 62 Fox i in a. S6% ski 1027s 103% 140 1 10 111 -.112% ills 115 lit aia ship bldg ios 15 am Smoli 177% it8 4 pid ____134% 1114 131 10 am snuff p .1 it it 7 1u7 so am St for Nii 6 Lio pad .114% am Kuger eco. 75% 76 i 14 am slim to sci63" 1 am c s a 3i % 84 am t q t Iso am Tobac .171% 17" 1713, 10 do a ------171% 16 a1. 9 am wat was. I to 1st p ios x am Wool pad. 54% 54 54 4 am a 1 do cts ___44 -11 44 42 am Zinc old 7% s 113 do pad in. 64 Anacon Coper. Art1, 3 Archt Danl 5u 59 13 armr co do m % j51 do 111 a 13 jp2 to Iii bsh j4i to pad ___7716 1 Anil cons up id arum cup 7 1115 5 Asso Why go 47-4 4 set Aseo s jul 3ibx atch to is.f-, js3 2 at col be -1s4 Zall i. 43si 43 s do Ltd 43ri 43 r. At refine Atlas Pou 61 57 3 Atlas tack ift3t 1 1 4 Austin Xic co. 5% 5% 1 do 5.im.32 32 32 1 Alif in Cranst 74 74 74 40 free Tex is gab snub a. Card Mot 23 in am tank 5 do pad 110 is Gen Asphalt 20 in Bak pfd.134% 134 Cable a. 59h Cigar 70t-s 7u-. 13 64 13u 86 u 134% 59 4 g 34 in elec 12 do split g e a. To u 577 Gen Mot _ 132% 131 h 11 h us do 1% pad .124 134% 13o% 123% Hsi 75 1011 4 i c Ota 4 to cts -----50 i sign j 11% 12 Gen Ite Frac 76 i 75% 4 Gil Saf Haz 101v 5 Cini Uel Bros Asti 3i1._ 4 do 9g f s 14 Glidden co 20% is 30 do p pad i 97 fi72 Gold l ust to i 1 3 5f% Iliin Gurch bi1 co. 91% i 5 do 111 132 3 Gdyra t a. 6s to 1 old i3 1 Goth silk a. 82u 82% 5 do new -----s2u 82 s Gould i Jar a a St a Sis 4 Granby c h 41% 41% 61 g k 1 ctr. 24h 24jj t it nor re 5 do ctr .94 is s4 135 it West Sug 34 31 31 20 do pad us is 115 to ij57f 250 Green c cop .139 135 1 git Sta steel 57fe do pad 7u do Lis pad 5 120 pm r c Iron 37% 35 s Philip Lorris. In j it i 40 Phillips j Elm. 1 Phoenix Kos. 10 do Pili Lio Pifrce a m c. I3u 5 do pad 483i 4s 2 Pierce Oil Sisi 22 pills mry f1-. 33 u 10 Pittoli Birgh c. 45 1 a Pitts to Coal 7-i 7s is Porto r a Tob 21 so 110 Postum co .12s1 127 127 4 crr 2" 1 6 i Rod lit As Sig pro phys Bush. Fed 1g1 p Sec . 44 43h 4 do s-3 til 3 1 do .120 32 1 do 6 i i l 1 ppe Gas pf.iusi4 .1 n. 25% Limo 45 7s Hanna co 1 p Hartup. Cup 215i 89 12 63 114 27% 33 u 105 h 76 i 24 69 114 147 a do pad ------s3 30 Auto strop a. 45 45 Ball 115 2 do pad. S2 s3 s bans Aroos so 70 Bank commences l in Bank x y "i-3 22 a 25 5 Bayuk Cigar Loii i Khi 6h do 1 pad ios it s 2 Beacon Oil i 42 beechnut Hack 70% 2s Kel 7 73 Beth steel 5t 5 to 7 pad Lif u 120 2 by tilth co Bon Ami. 7 a i 70 171 Jaklyn Man to 35% 57 77 met co 22s 1 by a steel. 1 do i pad us b i wkly edisqji.22s 65 do pad s4h is Bolyn i Gas 154 154 2 shoe it is s Brunsie Ealker. 32% 7 Brunsw term r is is s Burrough 147 3 Terry no. 62 62 62 10 do 7 80 do 7 pad .117" Llou 117 s Bute Copper 4 4 4u 4j, 1 Butte sup join 9-.i 9j Byers co sets 105 4 a to a Refl 16 Calif pack 7fi 74% 75 86 Cal petrol 2 in 20% 2g-, 4 Callahan z old 81 Calu Ari m.1077 28 Calu Alec con 21% 221 32 Canada i g a 57 . 15 Canadian ppc.207 207 20s 0 Case the 2c.h, cent Alloy St 30% 30 30 1 cent Leath 23% 23% 231, 7 cent rib mils 12v 12r 80 cent rib i so 83 us 10 Cerro de 87 cer teed pro. 61% 60% 61 7 Cert teed its 120 5 Certo corp 76 75 75 5 Chand Clev i 17 17 Chatham pm b.650 631 s44 is Chespak to i 198va 193 Chespak corp 70 7m2 7s 3 Chicago Alt 11 10% 101 1 Chie ei11r 95 7 com credit 22% 22h 22% com Crovi 3 com poll 84 com who i 2 Conde n p 75 Cung Nairn 1 Cong Clear 24 con Cigar 1 Cor. Dist rib 421 Consol Gas a Legree co .114 2 Hoe co-----2s ,1 Hollander s 54 hous Chlu 34 in oust Oil 147 12 sound 42u 6 Hudsn Man sit. 402 Hudsn to car 2171 Hupp to car iss Illinois Cep to .144 13c 3 do pad .13s isag 138 17 ind Oil Gas. 20% 26% 2u% 2 Lud 12 do cts 1 Rod 92 92 92 55 Inland steel 59 53 As 5 Coper. 15% 19% is Interior rap. 3a_ 34% 23 intr con rub is is 18% 1 jut Agri p. 57y, 57u 9 int bus Lech .11 3 i 123 123 3 Wijt cd mini s 1 do pad 109si 24 int comb Entje. 4 int Harv co ,24 Ujj 35 jut hell p 104 1 int merc mar. 14 do pad -----41 Ai 41 int Nickel d59j 23 taper 73-i 3 do 7s pad .107- i 1 int Cea a. 41u 2 jut Silver 190 3 int Tel i tel.1 in 145 5 int Type co 35 i 1 Bros Tea is s 15 Jardon moors 301. 17 k c so by 3 so pad 73u s Kayser co 65-4 16 34 Jou pure Oil purity by a. 25v. I pad up 9 do 2 1iifd 82 b.1 sikhs ii 10 do pad. 357 Kemptn Rand 2s s do 1 pad 13 rep i 3. C2h 14 rein Surg 12 Reyn Tob b. 15712 Ros ins 25323-% 9s Lioi j4 211 25% 12-- 3 i "44 " i m.i-. Third Liberty Call returns reports from Washington to the effect that the Treasury sees no immediate indication an increase in the re discount rate at Rev York apparently was All that was needed s f Ming Exchange san Francisco Llyra Jan. Bid Belmont. Jim Butler. New Calir. Tonopah sex Tonopah 01 West end 0-1 w end ext 03 06 01 09 Belcher is Ben Hur Brougher a Divide an. Hamill Hasbrouck. Hercules m Kernick a Lidikay revert Tonopah do Verdi Victory Coin i. 1 Rae. T Crackerjack Gold ild con Gold fld d m grandma great Bead. Jumbo ext. Keranas 02 01 05 03 is 01 01 01 05 07 01 61 01 11 07 03 09 03 01 asked 1.60 07 02 02 05 03 03 02 t 7 05 15 02 02 02 02 osos 02 04 02 13 04 04 02 f 01 Cap g 24 Argyll 03 Booth Calico 04 san Rafael. 09 Silver King 01 West Pine 03 n Acme Arron and de 01 Arrow Dan 04 in s bin ghz b. Carrie round Ilton. Simon Thompson Veta Grande Chollar 05 Concordia 02 con Virginia 02 Gui k Curry i Maii .1.60 Ophir Sara so scorpion Sierra Rev. L Nion 12 01 09 01 01 02 Belcher e a Belcher e c 45 03 07 02 55 04 07 05 11 02 04 05 02 05 03 02 11 02 02 03 07 03 03 40 01 09 to elders turd Liberty Bonds to a total look advantage the treason s latest offer to convert their securities into per cent tar conversion offer expired monday and the Treasury announced today Ibe final results in Tsuji Loiis in Stu Taro ugly tie Reserve Bank. The new York Federal Eserre District accounted for More than Iko i girds the conversion Auer uie opining the industrials which suffered most in. Wednesday s manna con 02 03 decline moved uncertainly. Then when the Orthe Treasury department were made Public opera t Typha Topf tons for the Rise were aggressively Al Omjra pc renewed vigorous comeback. The upward movement in numer Ous instances became so pronounced As to carry the issues favored m the recovery to new High prices under the present capitalization. C in one in aures was Montana Power which rallied Orrin the previous final to e 121 Beuce the us med. Although reports have been circulated concerning in i in Busi i there was no doubt that the a icon this Stock was due to a technical Market condition. General motors and u. S. Steel displayed their recuperative pow illlk.1 i Oen eureka.1.00 double 0 03 Russ 09 10 Gold 02 03 Mineral Man 01 02 Hills .25 27 Sutherlnd 01 02 operator .07 03 pay Divide. 04 05 w merger. 01 02 Blunt Metal 02 03 Black Mam 04 Bevis 01 02 Champion. 03 04 Omsk sil7 05 05 Divide sex. 03 05 Kath ext. 02 03 Kat Gold 15 20 Kingman Sil 02 03 treas vault 24 29 to yet ext. 02 04 West Apex. 05 other end red it 02 03 mining sales. 2000 Tonopah sex 10 Zofio end r i 2cuo apes 01 4000 revert 06 4000 Verdi 02 1000 Divide an. Of 1000 go did Dpi 500 Union 50 5000 Blehr sex an 03 1000 Gruss 10 4000 Kev Hills 02 invite 05 2000 mine. 03 4009 bin ghz i 13 net income banc1taly Security holdings jump to against year ago. May open saturdays London. Jan. Demands for the opening the London Stock Exchange for business saturday threatens to shorten the reek ends Many in. The financial District also Many Stock brokers and Bankers. The thriving business which the Rev. Tork Stock Exchange floes saturdays and the Prosperity the Berlin Exchange which closes saturdays Only during the summer months provide a text for critics kegs fur ers. But it was supp and Youngs town Sheet and tube that were the features their respective Grouns. Having been actively dealt by comr Alsate. Liank1 i 3ust under 40, a Block Iso St l in f 132% 7 71% 3 St l s to 46 Sag Arm 15 Schulte Rel s. 52 120 do pad .120 4 seab air Ujj. 27 a 2 do pad .353s 1 sea up 57 Seneca cop 16 Shell u Oil 27 Shubert the 101 Simmons co 1 i inns pet 9b sine c Oil 1 do pad 2 so fully Oil 27_ 5 in d t Vicic do pfc by so por Rico s 2u do pad us so Cal eds 7fi 6su 70 52 52 11su 12 27 27 12 2 2 62 22 u ii arg Tauaa 100 paper pesos. Australia jul Sherhag Austria 100 Batavia. Ids Guillen a i Belgium 103 Vulgas. Brazil Ico Cuiris Bulgaria 100 levs Canada 103 Millais Chile 100 paper pesos great Britain i l Sterling. Czech in Blo Rakia. 100 bin Morfe 100 Finland 1bo Fin Maies France 100 francs greets. Drachmas Holland 100 guilders. I 240 -41 145% 10 60 s5 Kely Sofia Tir 251 5 do s pad .so3 2 Kelsey Hayes 23 100 do pad .110 39 Ken Copper 1 Kinney co 12 do pad 31 Kraft cheese 14 Kresge co 10 do pad 3 Kress co c3 24 47 95 65 110 s3 94 64 24v., 110 is 4714 94 64 1 _ i 115% 115% 104 55 s3 a ss1. Isi i 40 40 Sou a fairies a 5 do 13 Sou Pacific .121-s 120-z 22 Sou railway 14u .4 10 do pad .100% 14 spider ilog ass 25s Stan g i Al ti3 5 do pad 67 7 stand Mill s 10 do pad .10-1 4 stand Oil Cal. 551, 52 do n Jer 70 do x York 21 h i stand i Glass 2 10 do pad 11 i us prod .15 flew Varna s s2 a 1 storm Bijj carb. S2 a 52 a 57 us Debar cup 5s3--. 1 subpar by 13 Sun Oil co 3sh 25vi 2 Superior Oil 4 co 1 Tenn up t in. 11 11 67 Texas corp 53% 17-3 Tex Gulf sul Italy 100 lires Jugo Siana. Ids 100 Jesss Korovay 100 Kroner ?6ru, Sterlins . Ico zlotys ror Jushai. 100 escudo Eim Jacia 100 leis Serbia 100 dare Spain. 109 Sweden Ico Kroner Switzerland Ico francs India 100 Rares hoax Kogar Ico local currency Sii Engnai. Ico taxis Yokohama 100 Yea India. 100 rupees str Stguay 100 Gold pesos Venezuela 100 bolivares 4.s6h 14.15 45.40 13.83 12.02 99. So 12.25 4.87 2.ss 23.78 2.52 3-93 23.s3 1.33 40.34 17.65 5.29u 1.77 49.60 26.61 3.90 11.70 4.9s 1.77" 16.95 26.34 19.26 36.75 e3.s5 46-95 36.75 102.25 18.30 the London Exchange. London Banks keep open until 000 shares Hupp was taken at this Figue and carried thereafter to i a new High record above this level. Youngstown at its Best prices was responding to the announcement the proposed Terras consolidation with. Inland steel to thirties Abb pro3iixbxt. Public utilities maintained the place prominence which they held wednesday. National Power and Light featured the Low priced issues advancing to a new High for the year following the raising the noon . Saturdays. Employees used to come to work dressed in their sports clothes so they could dash off to the country at the stroke 12. Most banking houses have stopped this practice and ban the suit As office garb. On a recent saturday sales the York Stock Exchange totalled about shares. The daily express estimates that the brokerage this turnover probably amounted to that is roughly had the London Exchange been open the daily express estimates that St is fair to assume it might have done at least half As much regular annual dividend 80 cents to ?1. Brooklyn Edison peo Ples Gas Chicago and Philadel phia company were the High priced la orites. Among the specialities selected for leadership were Montgomery Ward up almost 3 Points Loews Allied chemical and a. M. Byers. National Biscus had another its characteristic Sharp upturns and was carried to a new High for the present shares. Such issues As Transue Aad will iams Simmons company United Druge and Savage arms were again responsive to demonstration the buying Side and the gains extended from l to More than 3 Points. Windmills still sold but motors gain favor Washington. Jan. Windmill is losing its place to the combustion engine and Hydro elec tric Coaver. Department com Merce reports indicate it is one the few items agricultural a whose exports hive fair increase since pre War Days. Even Holland fabled Home the in Dinglu is to the electric lower pump. Germany largess present Day maker and user windmills is doing an increased is business but is experimenting with an adaptation the Power Dan the Rotor ship by employ no a Rotor Tower to pump water. Jerr any is also producing wind driven electric generators equipped with storage batteries. Sections the Ivorid with Exten Iye territory inadequately supplied with water such As Argentina South Africa and Canada still Are buying windmills from the United states however. Argentina is the customer taking about one third the total exports. Increase in the capita invest ice ban Italy corporation from Eiliv to during the period from february 8, 1927, to Jann Ary 20, 1d28, was the outstanding feature in the current statement made Public today following the organization s annual meeting held in new York yesterday afternoon. Sefc earnings for this same period after deducting reserves for taxes contingencies and including for the Giannini foun Dation Asri cultural economics at the univ Ersita California amounted to the earn Ings statement shows income Isoju feb. 8, Lor Isles. Contingencies Giannini Foo Dation agricultural economics set Prost less e j expense Ana reserves Iron feb. 8, 1927 to Jan. So 1923.-. Business As York did and insists that business which is missed saturday cannot be done the Fol lowing week a members the London Exchange Are divided the question but the openers Are making a fight which they insist must eventually Over come the As they say both self interest and National in Terest demand a change. Steel. o., Jan. Arid bar producers in the Mahoning Valley report steadier demand for their products than has prevailed for months. Increased buying scrap is reported with most this production coming by rail from Cleve land and Detroit. New mail order head is military Veteran Chicago Jan. E. Wood new president Sears Roe Buck co., has spent Only nine years in the mail order business. He became vice president Montgom Ery Ward co. In 1919 and had been vice president Sears Roebuck co. Since 1924. Wood is a West Point graduate and a Soldier years standing. He was acting quartermaster general when the United states entered the world War in 1917. The growth . The investment in securities reflects the gain a the capital account. The present Security holdings total As compared with shown in the statement last year. The suggestion that All Stockhold ers liquidate existing broker s Loans borrowings from commercial Anks and financing organizations Hus becoming immune to Market Luct nations. Was made by a. P. Giannini president Baa Italy corporation. We Are now setting Cut to our Stock the strongest in the coun try and do not want it held Asse purity for Loans by brokers com Pering Banks. We want our Stock holders so air my entrenched that they cannot be forced to sell at some unfavourable said Giannini. Giannini said that while he did not anticipate the development a situation that would necessarily Lead to a Sharp reaction from present prices at the same time he believed that stockholders show use tie present Market to take up the Slack National Acme co. Operations increase operations National Acme com Pany have increased recently with some departments working night shifts. Fred Chapin president says renewed activity Ford motor com Pany has stimulated the automotive Industry and a Good part Acme s increase May be traced to the pickup a the automobile division. The company s foreign business is improving. Copper co. Reports prosperous business production inspiration Consoli dated Copper company in 1927 to tales about pounds against in 1926. Costs last year were substantially lower than in 1926. Pennsylvania s Coal Coke shows net loss Pennsylvania Coal and Coke had net loss s7s9.s78 for 1927, against a deficit 544.499 in 1926. Rfcs fourth Quarter showed a deficit j477.566, against profit in the last Quarter 1926. 33% 11 8 Tex Pac 107 2s Tex p 15- g is Tex Pac old n 2su 1 Thatcher 50 12 the fair co su3_j 10 do pad 21 third aver 32 9 tide vat As 1 do Pitt 1 tide wat Oil. 2 do pad -----90 i 32 Timon Kol i i5--, 50 sa1" 10su 27 y. 50 36% 2so do pad 2 lao to 40 Lambert co 3 Lehigh Val los 4 Lehn Pink ss7. 62 savers 34% 33 Lig my too. 11.s 15 do b 31 Liq carbonic 4so a jews inc 13 loft inc 1 Long Bell a 355 Loose Wiles 12 Lorilard co 1 do pad 1 a 34 s3 is1, 115 34 s3 32 i is .110% 11su 6 Ute 74% 31% 113 350 162% 81 i 1% 12 he Loivai 102 14 con c . 70 60 h 7 con textile ssi 50 5 cont Bak a. 14 cont Bak b 4 cont Bak . Cont can 10 con can pad. 22 Contin insure 87 cont motors s7 Corn prod pot inn 2 Crucible St Sou 50% 5

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