The Cincinnati Enquirer from Cincinnati, Ohio • 40

40 NEWS SECTION THE ENQUIRER, CINCINNATI, SUNDAY, MAY 20, 1928 jwk' activity b- the action of the exvhn in folic-vlne the lad of whole, was a broad one, although less than to stock showed net changes for COFFEE. IFKUV DISPATCH TO THS ENQCIIXX. New York. May 19. Coffee 7s range: BANKERS the week because of the readjustments tlons: Rio, may 16.460, July 15.

6. tember 15.65c, December 15.60c, January 16.83c. March 15.63c- May MJ IS 'Htntoa, May 33. 10c, July 12.90c, September 22.80c, December 22.60c, January ZA.6tv, March 22.37c, May (1829) $22 20c. Spot coffee quiet; Rio in 16 He, Santos 4s 2i9 24c.

No fresh offers were reported tn the cost and freight market. Rio exchange on London and dol lar-buytng rate unchanged. Rio market unchanged to 250 refa higher. Ban ton unchanged to 160 rein lower. Brazilian port receipts 38,000 bags.

Jundlahy receipts 16,000 bags. that took place at the close. Of those REACTIONS Curtail Early Advance I Opt.n. IHIgli.l Low. I Close.

IPr.CL Nw "Verk in" rlosinc Saturday, the volume of trading remained for above normal, the ssrrt turnover for affected favorably, Dow Drug, City 10.75c July 15.60c15.61c15.50c15.60oT. ice, American Laundry, Formica, Me 15.85c 16.80Q Sept. 1D.YUC10.DOC 10. eoc X. Dee.

16.76c 16.76ol6.Oc 15.600 Mar. 15.80cll5.80c.15.63cll5.63c T. To Discuss Problems teor Motors, Crosley, Central Brass 16. HOC and Cincinnati Land Shares showed approximately the largest net ad cinnati Bankers' Club, the members of which are actios as host to the convention. The social events which have been scheduled Include several which have been arranged particularly for the many bankers' wives, who will be In attendance.

On Tuesday afternoon, while the bankers are attending- the opening business session, the ladles will have, luncheon and bridge at the Cincinnati CQuntry Club. In the evening, both men and women will en-Joy a buffet supper at the Hotel Sin-ton, preparatory to attending the performance at the Kelth-Albee Theater, The Wednesday business will be vance, while on the off side of the the week being only leas than 59.990 share as compared to the aajea of approximately shares for the previous week. The markets opened the week with a bull movement that carried many of the leaders of recent trading to new list. Cincinnati Stock Tarda, Churn Ohio Association Plans Busy MX1670 gold. Cincinnati Car.

Carey, Buckeye, Of Leaders in Exchange Trad ing During Week. Three-Day Convention. New York. Mar It (A. Coffee futures showed the effects of an easier technical position today following recent advances, and prices reacted under realising.

Rio contracts opened upehanged to 23 points lower, and sold off to 15.60o for July, the close showing net losses of i to 30 pointa Santos contracts closed 25 to 33 points lower. Estimated sales: Rio 21,000 bags, Santos 20,000 bags, closing quota- Early at Daniel, Procter A Gamble, Sabin-Robbtns preferred and Kode) predominated. With a turnover of s.US shares. Dominick Dominick Members 7 New York Stock Exchange Cincinnati Stock Exchange highs, while others soared far above their normal levels. Croaley Radio, Crosley Radio assumed leadership in Nationally Known Speakers on Pro individual trading, while other stock having a cs ret ate salea in excess of gram Robert W.

McEvilley Is To Preside. finished at noon, after which the ladies will attend a luncheon at the 1.000 shares were American Laundry, Eagle-Picher, American Roling Mill, American Laundry. Rapid Electrotype, Kroger and City Ice and Fuel made up the favored group as developments within the various companies together with flurried reporta occasioned a wide response. VM. J.

HOWARD, MANAGER SInton. During the afternoon a golf tournament will be held for the men, and both men 'and women will attend the baseball game at Redland Field formica. American Thermos A. Kroger, Buckeye Incubator, Meteor Motors, Cincinnati Car, Paragon, City Crosley, American Laundry, Dow Drug, Kroger and Formica, Head Various Movements. i Wide fluctuations accompanied the accelerated pace of trading on the Cincinnati Stock Exchange last week, although the readjustments that occurred during the last several markets helped materially to reduce the net changes of the various price lev Crosley Radio Bought Sold Quoted Under the influence, however, of Mercantile Library Bldg, Telephone Mala 24Mb New lork Office, 11B Broadway.

Ice and Fuel, Rapid Electrotype, Dow between the Cincinnati Reds and the Drug and Vulcan Last. Pittsburgh Pirates. Wednesday evening: will be marked Exchange Notice Given. profit-taking, and the money situation indirectly affecting the local market, a recession occurred during the midweek which reduced substantially the margin of gains thus early registered while the bulk of trading, apparently discounting these devel- Descriptive circular upon' request. by the gala social event of the convention, a dinner, cabaret and ball to be held In the new Roof Garden at Notice of the completion of ar the Gibson.

More than 1,000 persons are expected at the affair. els. Despite the curtailing of the opments, shifted attention to other Issues. In this movement Dow Drug. R.E.Field Co.

1025 Union Central Bldg. Tel. Main SOL In addition to listening to speakers churngold common coca cola a eagle-picher common McLaren cone a vulcan last common and participating in discussions, the rangements of the Cincinnati Gas and Electric Company for the exchange of its preferred stock for the capital stock of the former Cincinnati Gas and Electric Company was received ry stockholders yesterday. A request that the holders of the predecessor company make their exchange as soon as possible in order to coptlnue their dividends, the last of which on their present investment was paid April 1, bankers on Wednesday will elect a successor to President McEvilley and choose other officers. Arthur B.

Tay lor, of Elyrla, is Vice-President; Allen Formica. Meteor Motors. Cincinnati Car and Eagle-Picher advanced to the front of the activity to display strength on a par with that of the early week leaders. During the course of the various trends, II records were set up in such issues as Kroger, high at ST1; City Ice, 55: Dow Drug, 45; Rapid Electrotype, Coca-Cola, 38: Central Trust, 273; Champion Paper preferred, Land Shares. 152; C.

X. CROSLEY RADIO B. Whitney, of Upper Sandusky, Chairman of the Council of Administration; accompanied the notice. Charles H. Mylander, Columbus, Sec retary, and Edwin Buchanan.

Colum nIEdZ BACK bus. Treasurer. Thursday's program Dixie Term. Tel. Main 1574-5.

also includes revision of the constltu tion of the association. WALL STREET BRIEFS Bj Associated Press.) ember Cincinnati Qotmr Aevilley The Ohio members of the American Stock Exchange STANLEY ASHBROOK CO. Member Cincinnati Stock Exchange 720-729 Union Trust Bldg. and C. L.

T. common, 109 and preferred, 831 N. O. and T. P.

preferred, 121: Queen City Petroleum, 101, and Early Daniel, 34. The scope of the market, on the Bankers' Association also will confer on Wednesday. A. F. Mitchell, of April surplus of the Erie Railroad Toledo, Vice President of the A.

B. A. for Ohio, has called a meeting of lose to HJ0.022 from $90,273 In April last year and for four months this For three days this week Cincinnati will play host to some hundreds bankers of the state, here for the thirty-eighth annual convention of the Ohio Bankers Association on Tuesday, Wednesday and Thursday. Speakers on the three-day program STANLEY ASHBROOK CO. Members Cincinnati Stock Exchange 720-729 Union Trust fUdg.

these members Immediately following the adjournment of the mornlns; ses- year JS11.793 In contrast to a deficit lon of that day. New officers will THE E. KAHN'S SONS COMPANY of J598.982 In the same period of 1927, be elected and other business Include Thomas R. Preston, of Chat tanooga, President of the American Bankers Association; James Net profit of United Shoe Machinery Corporation for the year ended February 29 was JS, 454.964, equal to $3.35 A. Emery, of Washington, D.

C. Geh R. F. BALKE IS PURCHASER eral Counsel of the National Assocla a share on the common, against tion of Manufacturers: Dan V. Ste phens, of Fremont, former Con $7,985, Oil.

or $3.78 a share, for the year before. Profit and loss surplus was $15,939,168 after deduction of gressman and organizer of the first Regional Clearinghouse Association in the United States; Max B. Nahm, of $9,704,835 stock dividend, against $24, 859,907 the previous year. Cowling Green, leader in bank ing affairs of the Blue Grass State A. LEPPER CO.

Established 1874 DEALERS IN High-Grade Local Securities Members Cincinnati Stock, Exchange First National Bank Cincinnati. and prominently identified with the activities of the American Bankers Association; and Robert C. Dunn, former majority leader of the Ohio House 15 -Year Sinking Fund Gold Debentures Dated December 1, 1027. Due' December 1, 1942. Price 101 and accrued interest to yield approximately 5.90 FifthThird Union (ompany A Complele Investment Service 14 W.

Fourth Street Telephone Main 5400 Of Aromint Company New Corporation Is Formed. It was announced yesterday that R. F. Balke has purchased the Aromint Company, an Ohio corporation, whose plant is located in Cincinnati. The officers of the new company, to be called the Aromint Corporation, will be: R.

F. Balke. President; Julius Balke, Chicago, Vice President; Mrs. Bertha Buecking-, Secretary, and William F. SpriU, Treasurer.

Julius Balke will remain In Chicago to handle the affairs of the corporation in that section. Mrs. who was Secretary and Treasurer of the old company, negotiated the deal. Preferred stock of American Encaustic Tiling Company has been called for redemption on June 30 at $105, the retirement being made possible by the sale of 10,797 common shares at $65. of Representatives and Vice President the Ohio Savings Bank and Trust Investment Service MUNICIPAL BONDS CORPORATION BONDS FOREIGN GOVERNMENT BONDS PREFERRED STOCKS COMMON STOCKS LAND TRUST CERTIFICATES OTIS CO.

Established 1899 INVESTMENT DEPARTMENT Nelson Works, Mgr. 216 Dixie Terminal Cincinnati slumbers Naw lork and Cincinnati Stock Exchange. Company, of Toledo. In addition, Robert McEvilley, Vice President of the First National Bank, First quarter net profit of Maytag company was $1,103,683, equal to 69 cents a share, against $1,490,746, or 93 cents a share, in the first quarter of 1927. Net sales declined to from $6,036,443 a year ago.

of Cincinnati, and President or tne Ohio Bankers' Association, will have a prominent part on the program. He will preside over all sessions and deliver an address Tuesday afternoon. Although the bankers will concern themselves with business during a National Power and Light earned $1.83 a share on the common In 1927 after preferred dividends, against $1.74 a share in 1926. Net Income was $5,628,254 against $5,357,094. good part of their stay In Cincinnati, not all of their time will be taken up with serious matters.

Half-day sessions will be held each day and The the remainder of the time will be devoted to enjoyment of the elabo DIVIDEND ACTION. National Transit Company declares special dividend of 7 and regular quarterly of 25c, both payable June 15, record of May 31. rate program of entertainment International Aircraft Corporation Cincinnati, Ohio 7 Cumulative and Convertible Preferred Stock which has been arranged by the Cin- INVESTMENT SECURITIES Tax Free in Ohio CINCINNATI STOCK EXCHANGE RECORD American Laundry Machinery Company The table shows the sales of the Cincinnati Stock Exchange for the week ending May 18 inns, tho hisli and low prices anu tho nnt changes lor the week, tne high oou th IsiHt.aule niadrt on the Exchange 111 each issue with Its date. Common Stock (Par Value $20 Per Share) Last Sale. is i Net Tear 1628.

I STOCKS. Silles I Shar'sl HighJ "6.027! 105 1 Low. 102 28ft 100 Philip Carey Mfg. Company Common and Preferred Stocks 100 ft 114 US ft TAX-FREE IX OHIO ft ft 102 2,302 1,043 17 ft 47 lSli 49ft 625 CAPITALIZATION 24 97 ft 6ft 21 11 43 637 35 ft 108 ft 19 13 56 260 124ft Globe-Wernicke Company Common and Preferred Stocks lft 1.E45 10 23ft 14ft 24 14ft I 4 00 American Laundry Mach. 00 American frou.

pre! 2 00 American Holllng Mill (a) American Heeding Mach. Do preferred 1 OOjAmerlcan Thermos A 3 50 Do preferred 18 00 Atlas National 1 60 Baldwin 00 Do preferred 3 50 Buckeye Incubator 1 00Hurger Biob 4 00 1 Do preferred 8 OOlCarey M(g 6- OU Do preferred 2 uulCentral Brass A 10 00Central Trust (Central VV. end ft. A 6 OOlt'liamplon C. Paper 1 00 Do preferred 7 00 Do new preferred 7 OUlChampion Fibre preferred.

Authorized 25,000 Shares 25,000 Shares 20,000 Shares Outstanding 10,000 Shares 2,500 Shares 20,000 Shares 6 7 Cumulative and Convertible Preferred Class A Common Stock Nonvoting Class Common Stock Voting 3D 120 25 49 640 40 110 49 HVi E6 276 126 273 4 111V4 10a 10 -4 33H 100 Vt 150 152 'i 784 23 ft 24 270 25 273 60 ZD2 Kemper-Thomas Company Common and Preferred Stocks 2ft CONVERSION PRIVILEGES lft in ft I- 115 110 105 108 42ft 28 109 I 108 ft 2ft 47 52 851 1,392 lft S3 4 30 100 ft lOi 100 ft Kroger Grocery Baking Company Common Stock 97ft 122ft 2414 110 ft 150 109 83 152 109 83 97ft 109 -t- i 93 480 121 121 75 420 -115ft 85 121 10; 82 Vi Procter Gamble Company Common and Preferred Stocks 49ft 116 ft 63 127 47 62ft 3 198 279: 85 1,440 203 64 127ft 47ft 65 .38 43 55 128 6 38 ft 4- 37 ft 36 30ft 108 ft 10 67 103 104 3 OOlC'hurnKoUl 1 Car 5 0UOtn'tl Gas and 10 00Cln'tl Gas Transport Cincinnati Lind' 6 OOIC, N. and 4 60IC, N. and C. L. T.

8 N. O. and T. P. 6 001 Do preferred 6 60Cin'tl Postal Term.

2 60 Cln'ti Street Hallway 4 60 Cincinnati Telephone Cln'ti Stock Yards 3 OoK'lty Ice and Fuel 2 50'Coca-Cola Ohio A 6 00Col. P. and L. first pfd. 6 60 Do 3 preferred 4 00Cooper 7 601 Do preferred 1 00Croaley liadio (b) 8 00Crowu Overall I 4 00Dlxle Ice Cream 1 ooiDouslas (John) preferred.

1 00Duw Drug 7 00 Do preferred Eaglo-Picher Lead 6 001 Do preferred 2 60 Early Daniel (I) 7 001 Do preferred Excelsior Shoe U'ay Esn 7 00 Do preferred 4 00Fenton United 7 U01 Do preferred 11 ooFlfth Third Union 15 00 First National 6 OOiFleiHChnianu preferred 60 7 si 8.21S 311 108 Vi 10 107 105ft lft 3ft ft 46ft 49ft 105 ft 105 105 62 97 25 102 68 109 36 126 I 3 39 1,946 V.603 cs 109 45 130 24 118 United States Playing Card Company Common Stock The Irwin-Ballmann Co. INVESTMENT SECURITIES Nos. 328, 330 and 332 Walnut St. 17 lft 102ft 15 ft 10 3 93ft 1U0 65 368; 93 109 110 4 The Preferred Stock has priority over both Class A and Common, both as to Dividends and as to Assets in event of liquidation or dissolution. The Preferred Stock is entitled to receive Cumulative Dividends at the rate of seven (7) per cent per annum, payable quarterly on the first days at February, May.

August and November. The Preferred Stock is convertible into the Class A Common, share for share, at any time, at the option of the holder, on or before December 31, 1932. Thereafter any Preferred Stock not so exchanged may be retired by the company on any dividend date upon payment of $22.60 per share plus any accumulated dividends due thereon. 4 LOCATION OF PLANT The company has leased, for a four-year term, with privilege of purchase, a portion of the Industrial Nitrate Company plant at Ancor (Newtown), Ohio. This property consists ot approximately 120 acres of groundideal both in topographical location and lay-out, for the necessary landing and testing field required.

In addition, it contains, at the present time, four large one-story concrete steel buildings erected by the United States Government during the late war. HISTORY The history of the International Aircraft Corporation dates back to 1909, when its existence began under the supervision of Edwin M. Fisk, now acting in the capacity of Chief Engineer for the organisation. At that time Mr. Fisk started the construction of his first airplane, this being a monoplane.

Since then various types of commercial aircraft have been turned out under his supervision, ranging from monoplanes to triplanes, and from single-motored to trl-motored aircraft In February. 1927,, this concern was reorganized under the name of International Aircraft Corporation. The new organization began its career at Long Beach, California, in modest quarters, with only four men in its employ and few orders for airplanes. Armed with but little in a material sense, but with the all-important knowledge and experience of years of aircraft construction and engineering and confidence in the future of aeronautics, the International Aircraft Corporation "hooped off for nonstop flight in the industrial heavens. The position of the company at present as an engineering company is excellent and it is one of the largest manufac-' tureys of commercial planes in America.

Current Operations and Estimated Earnings Distributing and sales agencies are located at Cincinnati, Seattle, Angeles, and Dallas Texas With the increased production facilities at its new Ancor plant, similar distributing agencies will be rapidly opened throughout the balance of the United States and in foreign countries as well. At the present time the International Corporation is producing an average of from two to three planes per week and has unfilled orders on its books considerably larger than at any time before in its history, and every indication points to a continuation of the recent rapid expansion in the aeroplane industry; and in view of International's position in the industry it should receive a full share of the increased business. At present the company is manufacturing two models, one of these a three-passenger commercial combination sport model, the other a seven-passenger air coach. Designs are complete for a twenty-two passenger air-liner and it is hoped that we will turn out the first of these ships Borne time this fall. Based on the present minimum production of two planes 1 per week, earnings should be sufficient to cover the dividend requirements on the total outstanding preferred stock approximately one and one-half times, and it is the expectation of the management to increase its production to ten planes per week by August 1st of this year, and by fall should be turning out a minimum'of two planes per day.

ft 365 365 389 1 386ft 33 18 48 101V4 94 3 T4 i90 128 28 20 08 M. 104 Vi 28 I 4 15 45 95 94 360 373 136 20 16 90 101 20 43 118 3ft 21ft 40Formlca 1 1 6 French-Bauer undop. I nreferred I Date Prlce.f 1928. 103 6-13 28ft 0-18 100 ft 6-18 6ft 1-25 25 2-21 17 5-18 49 ft -5-18 637 3-12 36 6-lb 109 3- 1 23 ft 6-18 14 ft 5-11 56 5- 4 260 5-14 120 6-10 25 6-18 273 6-16 24 3-23 123 4-20 11114 5-14 108 5- 4 109 5-18 45 6-17 30 6-18 100 6-17 149 3-16 152 6-17 109 6-17 83 6-14 480 5-10 121 5-18 85 6-19 63 5-18 127 47ft 6-18 53 ft 6-18 37 ft 6-18 109 4-28 108ft 3-20 68 5-16 103ft 5-18 47 ft 6-18 105ft 6-18 58 1-18 109 1- 5 42 ft 5-18 125 5-10 Uli 5-18 102ft 6-14 90 5-18 110 4- 1 4 6-11 15 4-30 45 1-18 101ft 6- 8 94 2-10 365 5-16 389 6-10 128 6- 4 25ft 6-18 16 4- 9 98 5- 9 104 4-30 25 4-16 49 ft '6-18 118 2- 4 65 4-16 67ft 3-14 I 91 4-11 I 100 5-18 96 6-11 49 6-18 116 6-18 16 6-11 103 5-16 55 6-18 36ft 6-17 101 6- 7 105 5-16 4 3 6-17 55 4-28 113 5- 8 43 6-18 49 ft 6-8 90 6-18 415 2-14 110ft 6-14 49 ft 3' 5 30 6-16 74 6-18 111 6- 7 20ft 6-18 39h 6-18 107 fi-18 43ft 6-17 113ft 6-18 104 6-14 14ft 6-18 131 6-15 540 5-11 28ft 6-16 113 6-16 197 6-15 35 4- 2 99ft 6-18 114 5-14 14 6-16 99 6- 9 IOO 5-18 65 5-18 193 4-10 102 5-14 103 S-18 204 6- 4 101 3-23 125 5-18 76 5-18 102 6-18 Sft 5-18 61ft 6-17 104 6-18 110 4-30 100 24 4- 5 54 5-10 107 6-18 119 6- I Oallaher new preferred. (Slant Tire 7 00 2 00 ft 49ft 50ft Gibson Art 2 64 541 em itn nreferred 120 05 66 67 ft G74 90 96 14 I too 10 101 98ft 95ft 9654 48 193 6 00 Globe Soap first pref.

8 00 Do special pref. 8 00 Globe-Werntcku 00 Do preferred 7 00 Goodyear pr. pref. 7 00 Gruen (c) 7 00 Do preferred Hatfield Campbell 8 00 Do preferred 2 Mfg 9 KOi.1e?er Machine 47 3 114ft 116 116 ioo 50 110 163" 66 36 ft 1714 15 100 64 16 151 28; 44ft 6614, 36 36 28 99 OOUohnston rami prei. OOiKahn first pref.

105 1UZ 108 105 43 OUR DEPARTMENTALIZED ORGANIZATION IN an age of sy sterilization, this organization offers for your benefit, facilities which are second to none. Our organization is divided into specialized, pertly conducted departments, each of which is devoted to one branch in the field of securities. 43ft 20 Do partg. A OOlKemper Thomas 11214 001 Do special pref. OOlKodel Radio A 2 107 45 43ft 100 40 54 113 26 26 70 415 106ft 49 65 ft 6014 97ft 40 Do preferred OOiKroger (d) '90 1,699 97 iioft 12 OOjLincoln National 415 V4 110 4 Miami gt 11014 49ft 25 ft 30 74 30 74 33 82 00 Do special 50iLunkenhelnier P.

and OOj Do special pref. Cone A 00 Meteor Motor Ulft 20 ft 2 40ft 106 ft 16 27 ft 99 37 110 811 1,285 76 835 24 4 20 1.1341 20 ft 40 107. 44 114 104 14ft rsasn National Rec. Pump Ohio Bell Tel. pref.

10 00 3 50 7 00 123 48 116 19 37ft 104 41ft 113 104 13 131 Ohio Shares pref. 6 00 105 106ft 9 PRICE $20 PER SHARE (Tb purchasar of esc 10 shares of preferred will receive 1 shire Class A Common.) Paragon Do preferred 131 96; 15 ins 040 300 1(15 495 249 12 00'Pearl-Market Bank 8 00 Procter Gamble (f) 604 Sft 289ft 113 293 114 197 12 1 6 00 Do 6 pref. 111 115 131 197 Do 8 Listed unlisted inactive stocks and bonds Bank stocks Insurance stocks Loans Financing. 00 pref. 200 25 Pure Oil 99 60 1 6 001 00 192 25 98 111 14 100ft 181 6 99 114 Do 6 pref Do 8 pref Send for Descriptive Circular 114 40 14 Putman Candy 14ft 96 Do preferred 7 00 7 00; Queen City Pete.

100ft 100 60 3,139 101 72 7ft 1 Electrotype 61ft 114 17 99 101 72 200 103 107 254 34 185 99 102 102 102 103 8 OOjlticharrtson 6 OOjRollman pref 7 OOjsabin Robbing pref. 10 OOj.Second National Whatever form of investment you desire we can take care of your requirement. Atk us for details. 101 241 100 HUNTER, BUDDE DUBLE Investment Securities 101ft 136 120 117 372 320; 30 3 14 pref U. Playing Card k) U.

S. Print, and Do preferred United States Shoe Do preferred 125 78 103 8ft 102 66 95 Mi 45 60 23 9ft 75 103 8 61 103 61ft 143 1,858 OOlVuIcan Last (ir) 110 A.5J.FftANK CO. 811-530 Union Trust Cincinnati, Ohio. 105 00 Do preferred Members of Stock Exchange 100 10 100 100 warren (.) Tel. pref.

62 135 110ft 100 26 58 ft 108ft 119 00i western Paper Goods A 24 6214 'Phone Main 2345 905-8 Union Central Building 00 Whitaker Paper 00! Do preferred OOjWurlltzer 7 pref. 63 107 107 102 119 a Stock dividend of 6 per cent, payable July JO. 1928. Stock dividend of 4 oer Private Branch Exchange, Main 3134. Twenty-three years of Dependable Service 1928 rent, payable December 21, 1928.

Extra of 60c paid In 1927. Stock dividend of While the accuracy ef the Information contained herein Is sot cuaranteed by us. we Have obtained It from sources which we believe to be entirely reliable. per cent, paid April 2, 1918. Total of 68.25, Including extra, paid in 1927.

Stock dividend of 5 per cent, paid April 1, 1928. Extra of 81., payable April 30. 1 Extra of i5c. paid first quarter, also 5 per cent stock dividend, parable Auiust 1. 1958.

Ultra of $1, paid January, 1928. Paid 3 per cent extra In 1927. -letal sales were 49,732 shares, compared te 44,623 shares for week ending May 11..