Portsmouth Daily Times from Portsmouth, Ohio • Page 15

WEDNESDAY, OCTOBER 27, 1926 THE PORTSMOUTH DAILY TIMES PAGE FIFTEEN Favbrable Earning Statements. Send Price 8 Higher on the Stock Market around Reports the Pennsylvania 'Railroad might puss along a parfof the large extra dividend received from Its Norfolk Western holdings lifted this stock to within a fraction of its 192G high. Rock Island also was strong in re: flection of a marked improvement in earnings. Wortliington Pump A was exceptionally weak, breaking 8 points to a new low for.the year. Foreign exchange opened easier with 'Italian lire slipping off points to 4.30 1-2 cents.

Raising of the Pennsylvania railroad coumKm stock dividend from a six to a seven percent annual basis, following close upon the publication of unusually favorable quarterly earnngs reports -by the United States Steel und General Motors Corporations, today, revived bullish enthusiasm li the stock market, scores of issues moving up to 2 to points on enlarged volume of trading. The higher Pennsylvania rate and the declaration yesterday of a CHSU.extra dividend on Norfolk and Hudson, after starting re-f Western aroused hopes of increases lapsed to a new low for year by' Southern Pacific and other "car- close bid 1-4. NEW YORK, October favorable earnings state- nwiits by the United States Steel and General Motors Corporations and the declaration of a $3 extra dividend by the Norfolk and Western. Ra(lorad iont stock prices higher at the opening of today's market. Initial gains 1 to 2 points were recorded by Dupont, General Asphalt, United.

States- Alcohol, Atchlson, Nickel Plate, Norfolk and Western anil Atlantic. Coast Line. United States Steel opened a half point higher. The remarkable prosperity, shown in the reports of large industrial corporations warded off selling, attacks in the early dealings and enabled prices to move slowly ahead. A steady demand was maintained for pivotal shares although renewed liquidation of various specialties developed.

A long string buying orders for General Motors carried' the price up more than SL point to 148 Imt It subsequently eased off, while Wheat Prices Rally From Early Slump; Corn Firm rlers beforc-ihe end of the year. Buy- of the rails ulso was by the tabulation of statistics on September earnings, showing that the first 33 roads to report had total net operating income of $73,051,000 as compared, with iti the same month last year. common crossed 57 to the highest price, since 1817, Atlantic Coast Line jumped nearly 5 points and Illinois Central and Delaware und Hudson three each. The closing wns Total sales approximated 1,500,000 COLUMBUS STOCK LIST American G. and B.

Com. 104-105'yj. Cities Service Com. Cities Service 90-91. Columbus Railway 1st Pfd.

Columbus-Hallway Pfd. Goodycar common Ohio Bell Pfd. 110-11. Ohio Fuel Corp 44.V4-4.". Pure Oil common AMERICAN ROLLING MILLS CINCINNATI, 0..

Oct. 27--(UP)-- American.Rolling Mill--High and low MARKETS AT A GLANCE NEW YORK MARKETS Stocks stroun: Pennsylvania liijrticst since 1917 on dividend increase. i Belgian issues strode. Voreign exchanges easy -Italian lire falls 13 iwints. Cotton lower; Southern selling.

Sugar barely bteaily Kuropvait selling. Coffee i higher cables. CHICAGO Wheat steady; backward fall Corn i improved cash dcmnnd. Cattle dull. Hogs steady.

Bond Market Gives Indication of Plenty of Funds Available for High Grade Securities VOUIC, Oct. A Tho success of the Uelglnn loan, whlcli was oversubscribed both IIITI' mid in London. pushed this country's bonds to flic editor of I i in today's moderately active The 0 emu nil foi 1 the new seven por- cenl obligations, dealt on a "when is- Miod" basis, wiis (winy, i i them to a premium ot 1 5-S imiiits above thu offering price of 94. At tho same time the old sevens which luul been reduced to the yield linsls of the rallied to KiVi. where tliey were selling prior the stabilization announcement.

French tone in quiet trading. The prompt snle of $25,000 OOO Union bond issues had a ftiv ornble Influence on investment- dealings, Indicating Hint Inrge supply of funds was available for the purchase of liigh grade securities, These bonds' and Gerninn bonds maintained firm were marketed at jiar. U. S. GOVT UONDS.

STOCKS. Last Abitibi Pow. and Paper Adams Express Ajax Kubber Al. Chem. and Dye Allis Chalmers Mfg.

Am. Agrl. Chem. Am. Brake Shoe Fdy.

Ani. Can Am. Car and Fdy. Am. Drug Syn Am.

and For. Power Ani. Hide and Leather Am. Ice Am. international Corp Am.

Linseed Am. Locomotive Am. Metal Co, Am. Radiator Am. Safety Razor.

Am. Smelting and Hef Am. Steel-Fdrs. Am. Sugar Refining Am.

Tel. and Cable Am. Tel. and TeL 1 Am. Tobacco Am.

Water Works and HI. Am. Woolen Do preferred Am. Zinc and Smelt Anaconda Copper Armour and Co. of III.

Aaso. Dry Goods AtchlBon, Top. and Santa Fe Atl. Coast Line Atl. Refining Ilaldwin Locomotive Baltimore and Ohio Do preferred Pack Uethlehem Steel Do 7 pcL preferred Brlgfjs Mfg.

Co. I-utto Cop. and zinc Unite and Superior Mining By-Products Coke Calif. Packing I. Cat.

Petroleum Calumet and Hecla Con. Cop. Canadian Pacific Case Threshing Central Leather Cerro De Pasco Certain-teed PnxJ. Chandler Clevc. Motor Chesapeake and Ohio Chicago and Alton Chicago GL Western" Chic, and North C.

R. I. and Pac. Chile Cnryslcr Corp. Coca Cola Colorado Fuel nnd Iron Columbia Gas and Elec I'ommcrclal Solv.

L'nnsnl. Gas Continental Can Continental Motors Corn Products Crucible Do preferred Cuab Cane Sugar Cudahy Packing Djivlson Chemical fJclmvare and Hudson Lack, and-Western Detroit Edison Dodge Bros. Uo preferred Kodak Kl. Pow. and Lt Klk Horn Coal, stpd.

IJiclicott Johnson Krift ll. R. i Krie 1st preferred Morse and Co. I-'amoiis Players Lasky t-'isk Rubber Co. l-'t'tindation Co.

Kranklin Simon pref. I'rivitort Texas Asphalt tjwjrnl Cigar Electric, new Motors Hallway Signal Dust (B. R) Co I'" preferred T. and It. pref.

ni Nor. Tr. Ore Northern Ry. pref. States Steel TI :i.v-s Wheel vlinld Prod.

trn Oil Motor Car Motor Car Central Oil and Gas '181 0 540 1 .1 30 1 92 120 1287s 117s .35 97 123 It 4-1 2i 1 11 11 0 30 20 203 24 (i SO 7S 91 125 89i 43 110 30 28 y. soy, 15 21 02 40 09 OOV1 42 75 19? 5 10 11 1 15 7 1 5 1 22 188 23 141 15 93 76 30 1 34 14 5 i "'lihn Kenning "i'l Stet-I Copper 4 5 1 IS. 4 1 153 72 5G 03 CSV iey, 04 814 62 12 5 0 .53 41 81 72 :077 74V 10T 71 41- a 13 27 174V 144. issy, 83 14 07 STOCKS. Hun-j dreds) Lf Last 02 20.

a City Southern Ry. Kelly Springfield Tire Int. Nickel Int. Paper Jordan Motor Car 97 sy, 124 103 y. 131'X; 30 72 50 103 110 72 55" 25 it 30 1G 13 8'6 0 Vi I 147V, 1153 167 y.

5V6I 1) 75 30 73 20 143 138 23 82y. 4314 4S7s 12 1 12 .309 7 21 53 1 7 96 y. 3 102 81' 20V. 73 40 50 52 124 Kelly Springfield Kor.necott Coppei 1 Kresge (S. Co.

Valley Railroad Lima Locomotive Ludlum Steel Mack 'trucks' Muckay Cos. Mallinson and Co. Manhattan Shirt Miirland Oil May Stores Maytag Co. McCrory Stores Mianii Mid-Continent Pet Middle Stales Oil Missouri, Kan. and Ter Missouri Pacific Missouri Pacific pfd Montana Power Montgomery Wnrd Moon Motor Car Mother Lode Coalition -Nash Motors Xallonal Blsonit National Clk.

and Suit Nat. Dairy Prod Nat. Dept. Stores Xat Distillers National Supply New York Aiir Brake Xow York Canners New York Central N. y.

Chi. nnd St. Louis Y. N. H.

and IItfd. iiorfolk and North American Co. North American pfd Northern Pacific Otis Steel Owens Bottle Packard Motor' Car Paige Detroit Motor Car Petroleum Pennsylvania R. R. Pere Marquctte Phillips Petroleum.

Pierce Arrow Motor Car Do preferred Pullman Co. Pure Oil Radio Corp. of Am. Hay Consolidated Cop Reading Co. Remington Typewriter Iteploglc Steel Republic Iron nnd Steel Reynolds Spring 71 1C 44 15 107 44 1 220 22 01 25 1 13 34 31 44 52 257 11 41 St.

Louis "San Fran. Ry. 81 Schulte Retail Stores Seaboard Air Line 07M Do preferred Sears Roebuck fjimms Petroleum Sinclair Con. Oil Jl Sloss, Sheff. SL and Iron Southern Dairies Pacific 102VH Southern Railway.

Air Line Do preferred Sears Roebuck i Simms Petroleum Y- I Sinclair Con. Oil Sloss, Sheff. St. and iron" Southern "Dairies i Southern Pacific I vSouthern Railway Roller Bearing Oil Bag and Paper 'Union' Pacific 114 S3 T.2% 50 54 25 42 52 20'121 3S 5fi 25 42 52 124 United Cigar Stores TJ. S.

Cast Iron Pipe nnd Fdy. IT. S. Distributing U. P.

Tndust. Alcohol TJ. S. Indnst Alcohol pfd. U.

S. Rnbber U. S. Steel Corp. H.

S. Stee! pfd. Viinadium Corp Virginia-Carolina Chem. Wnlmsh Ry Wabnsh pfd. Western Maryland Western Pacific Western Pacific pfd.

and Mfg. Wheeling and Lake Erie Willys Overland Wool worth (F. Co. Worth. Pump ami Mnch Worth.

P. and M. "A 1 Wright Aeronautical Yullnw Truck nnd Coach Vnunpstown Sheet Tuix: 9 47 5X 4, 3.0 10 1 10 '1 1 Jl 14 24 17 soy. BVi 05 07 39 73 33V 134? 108 '43? 4sy -50 77? 13 02 O7.y 33 10S 64 8 23 2 23 4 23 2-1 97 3 1GO 13S1 3 40 21 34 3 87 42 1 nr, 23V 310 179 2G- 1 56 15 87 55 rv fl- 45 31 30 r4' 18 18 119' 20 lOO 1 iim 31 30 54' 18 18 139" 20 119 SI 1 3 441 1G2 94 205 53" 79 IOC 140' 12!) 40' 10 40 73 10 27s 10 10 9 25 JIM 1C -51 87. '4 59 125 SO Vi 95 20 6 7 19 41 1148 38 SO coy.

aay. svf 20 C5'4 39 73 190 48' soy. I 7G 80 33 62 48 ooy, iosy" 17G 100 5 96 45 117' 117 34 117 105 Vi 117 198 50 77 62 48 23 110 179 5 45 3.1 36 5-1 139 31 36 54 94 201 i 79 CHICAGO, Oct. 27--(AP)---Wheat, prices here rallied quickly today from downturns at the start. Initial declines reflected lower quotations Jit Liverpool, but talk of expected 'settlement of the British coal strike although construed as bearish abroad was regarded as bullish concerning wheat this side of tho Atlantic: Opening 1-8 to 5-S cents off, the Chicago wheat market soon advanced- Corn and oats were firm, corn start- Ing unchanged to 1-4 cent down ami then scoring gains.

Provisions tended to For the first time In a long while, arrivals of at Winnipeg today were relatively small. Receipts there totalled cars as against 1,452 a week ago, and 1,024 last year. Canadian country elevators however, reported purchases fairly heavy from growers. A better feeling in the corn market today contributed at times an element oE wheat. Helling pressure which recently has much in evidence in the corn futures trade appeared to have abated, ana corn offerings'.

Hi arrive were light. Houses with easterlycdunections were buying May delivery'of corn, with the trade an whole giving more attention news of poor husking returns. Active selling in tiie afternoon car- lied wheat iiriccs here downward, as a result of a slmrp setback in Liverpool quotations and from tall; ot" a prosjicc- eTirly settlement of the British toal strike. The wlient trade as a whole tin- pcareil to be puzzled as to wlmt was likely to be thu market effect a coal strike settlement. Meanwhile, export demand for Nortli American wlient was Bind; and world's available wheat fitocks iuertased 9,431, 000 bushels for HID wcclt.

i Wheat rallied at-the finish 'nnd closes nervous, unchanged, to higher, corn unchanged to un. oats at a shade clinc to advance and provisions varying from 7c drop to Gc gain. CHICAGO GRAIN TABLK Close Close Opening Year U. S. Liberty 1032-47 Do JirsL 4s Do tirst Do third Do fourth 4 U.

S. Treasury 4s, 1944-54 IS S22 120 100-lSj 100-20! 10-2-9 101-5 102-18 104-7 100-10! 100-20 102-5 101-3 102-13 101-4 100-10 100-20 102-0 101-11 102-K! 104-7 -JS'BW HONDS. Low.jlp.rn. CHICAGO LIVESTOCK CHICAGO, 27--(AP) -Hogs--Receipts, generally steady at Tuesday's best prices trade slow; big packers in active; pigs, strong; spots higher; packing sow.s, incveu few sales to shlpiiers strong ess desirable kinds wenkv top 13.75; bulk desirable 210 to 300-lb averages. 33.40@33.G5: IliO to 1-00-lb J3.15(r7.

13.55; bulk 120.to 350-lb. 12.fiO@l3.00: uost packing sows, 30.75@11.75; few ight wciglir, 12.00@12.25; heavies lownward to and below heavyweight medium 13.25©13.75; light 12.7G@13.60; light ight; 1 packing sows' 10.2u@12.25; slaughter pigs 11.40® 13.00. Cattle--Receipts, weighty steers in excessive supply; very few sold; many -without bids with prospects of a liberal holdover trade 50c or more under good to choice kind In liberal supply; choice about 1,275 iounds averages early nt ".15: these being siK'Cinlties; niost heavy steers 10.50 down; Iwst yearlings, 12.25; demand very dependable yearlings; other classes largely steady; stockers and feeders vcsilers 1.1.00@13.30, mostly. Slieep--Receipts, fairly fiit lambs strong to 25c higher than Tuesday; no westerns sold; na- tlves to clly butchers, 14.00; to Slill'l- top ackers, 13.75; held above J4.15; buly lightly sorted natives, 1H.50@13.75; (Mills strong to 25c higher at shenj). steady; bulk of fat ewes, 5.50rg(!.5i; feeding lambs strong at 13.00@13.85 mostly.

citing 5s In Copper 7s. 193S id Ohio rfg. Hs teel con. Ser. A opper Os und S.

L. dob. id Sou. rfg. jst 4s ison col.

n.s, llros. deb. (is. ar T. mid U.

Ss, iMl H. nnd 'II. col. Ir. Us-, MO 41 20 11 1103V, JO 1 1 mi 4 311 oo y.

noy. 101. yj ion 99 'X. ioiy. 101 101 y.

NEW YORK BONDS. p.m. 31 92 1 92. Norfolk 'and Western con. 4s Do dlvi.

4s I Pcnn RR gold Pcnn RR 5s, 19G1 Pere-Marquctto Hep. I. nnd S. Sfea Air Line adj. us South Ry.

gen. US '23 93 9 SI 'A soy. 97 '(, SI. FOREIGN ISSUES. Belgian 7s, 1055 itordeaiix Gs, 3934 Canadian 5s, 1951! French 7y.s, 3911 Do 7s, 1949 Oer.

Kxt. Loan 7s, -1019 .1034 Norwegian (is, 1932 -Swedish O'M 1954 I 239 34S 00 OS ssy. 94 104 05 101 105 1037g is 104 's 10T) il Curb Market Develops Pronounced Strength XEW YORK, Ott. mixed changes In the i i i a trading today the curb market pronounced streiigdj In nearly nil the active issues. Tho increased demand cnme as surprise to the professional element and induced to cov- er short en a fairly Invge scale.

Oil slocks as it group showed improvement In iliel'r a i position, inlying orders In uuuiy those htoclc on large scale. -Much of the strength wns hnscd on the belieC that the largo earnings of many of tho companies had not been reflected in upward movements a thu tloatlng had liccir nlotullly deplotcd at around previous, low levels market in po-' si I Ion to-respond to any. favornbiu voloptncius. Ago Today 14 100'A 1470 1475 13S7 1327 110 94 y. CHICAGO GRAIN TAIiLK Open WHEAT-- Dec.

May July CORN-Dec. May July. iQATS-- Dec. May July RYE-Dec. May High Low Closed 37 48 148 141 78 44'A 1Q7 141 Vi 87 44 143 147 7 A 88 44 100 coy.

10 39 72 KXi 12 I 129 3 1 73 "27 20 2.1% siy. 84 1 S4 Total sales 1.450.600 against 3.112.GOO previous day, 2.000.700 a week asro and a year ago. From 1 dSte 372.811.f.00 a year ago and 107.020,000 two ago. TOLEDO GRAIN CLOSE TOT-BDO, Oct. No.

2 red, 3.45%@1:4G%. Corn No. 2 yellow Oats No. 2 white Barley CO. Kye 99.

Clovorseed, cash, imported 20.00; domestic, and October 22.00; December 37.00 asked; February aTid March 10.75. Alsike, cash 1S.23; March IS.io. Timothy seed, cash, old 2.03; new and October 2.80; December 2.90; March Produce Markets CLEVELAND PRODUCE CLEVELAND, Oct. 27-- (AP) -Eggs-- Ordinary, 35; pullets, 31. Potatoes-- Cobblers IHO-lb.

sacks 4.GO@5.50; two bushel sacks, 4.EK); haiuiwr; in sweet potatoes, barrels, 2.40@2.DO. Others unchanged. STIUALS. gal Corp Motors and and Share k. Corp.

Tire and Hubter Power new Pow. tales Pow. lei Corp gh Plate Glass and Onmblu acker Motor Co. Corp. Del.

st Pow. and Lt Detroit Axle Taxi Cab, N. 2 31 I) -i 1 1 V)0 Kl I nigh. IStt -31 54V, 1 1414 275 100 3 12 14 Low. 0 32 103V6 4-1 V.

27ri 1GO 13 Vi 12 14 1:30 P. M. 10 32 44 27i 100 V. 32 14 STANDARD OILS. Continental Oil Standard Oil of N.

y. Vacuum Oil 97 y. 97 MISCF.LLANEOUS OILS. CINCINNATI PRODUCE CINCINNATI, Oct. 27-- A -Poultry," fowls butter n'ml Other Markets SUGAR NTS W.YORK, Oct.

27--(AP)--Raw sugar market unchanged early today af 452 for Cuban. Raw a futures eased off under liquidation nnd prices were net unchanged, to ouc point. lower. The refined sugar market was unchanged nt 580 to 000 for fine granulated. MONEY NHW YORK, Oct.

-(AP)--Call money loans closing bid, time loans steady; mixed collateral. CO-np dnys, 4 months, prime mercantile paper, NEW STEEL YORK, Oct. 27 A -Steel prices unchanged. NEW YORK RUBBER YORK, Oct. 27-- (AP)- Rublier irreRnlnr.

Smoked ribbed sheets, Carib Syndicate Gibson Oil Gulf Oil Corp. of DOMESTIC BONDS. Gas and Kl. Us, Do 2010 Wks. (if, 1075 Copiwr Us, 1929.

Associated Gas anil J-31. Os, indahy.Pncle. 3937 Klec. Refi-lgcratlon Cs, 3930.... (ialonn Signal Oil 7s, 1030......

I i a a Limestone 0-s, 1041 Lohlgh I'ower Sec. Ohio Pow. 5s, 1 1052 Do 4y.s, 1950 Otis Sl'cel Os, 3941 Phil. Kl. 1972 Phil.

Rapid Trnnsll tis, 1902 Southeast P. and L. Gs, w. w. '25 Swift ami Co.

5s, 1KW I I 15J100 .99 1 4 30 23 4 00 100 04 y. 3 i.f. 04 102 100 V- 1)4 100 KOUUltiN BONDS. City Oslo 194U .1 Indust. Bank Finland 7s, King.

Denmark Prov. Buenos Aires 11147.. i Saxon State Mtg. 7s, 1945 United St. Wks.

Ttnrhacli 7s. Til actual sales. 20 10 .11 10 90 09 00 .09 98 Wl 99 06 the coriunon stock, agaii'ist JJI.ISIS.OHI or 52.113 slmre on tho common in Ihc sainc period of l'J2n. Substantially heller earnings are reixjrted by the Itadio Corporation of America for third fiuarler, net profits reaching a share on the common, against SS2, 020 In the preceding- quarter, or 20 cents a share on the preferred stock, and In contrast to not loss of in 'the third quarter hist year. Net nine months: of 192C was $3,980,021 or $2.55 a share on tfio common, against $1,179,001 or 32 cents a share on the common a yenr December 4400.

March 4380; May American I3ido and Leather report's net loss of $92,775 for the i (inarter In contrast to net profit of 56,830 in the same period oC 102i5 which was egiial to 51.41 a share on the preferred. For tho nine months of 1920, net loss amounted to 5249,802, against net profit of $401,923 or $438 a share on the preferred In the first nine months of 1025. COTTON MARKET NEW YORK, Octolwr cotton market opened barely steady today 1 at a decline of 3 to 5 Southern selling" ond points under liquidation. Orders seemed to be well divided at the start, trade calling alwut Former Vanceburg Wo man Killed, Husband Hurt When Train Hits Automobile Badly T. Pribble.

50, formerly of incfhurg, a resident. if was killed In when a Pennsylvania passenger struck an automobile on a street that city. The woman's driver of the car. wos in- were enroutc homo' from a visit with a dansiiter in Springfield. Mr.

Pribble stopped to allow an eastbound passenger rain. The wreckage was tossed 50 feet to the track 'of the Uric roil- road. M'rS- Pribble was a native of Vanceburg where she married 22 years ago. They located in Bellefontaine shortly after their marriage. Mrs.

Pribble was active in the work'of the Daughters of America. EFFICIENT telephone service for the Minns of classified ads is regnlarly maintained by this ojficc. CnsoTNNATI OBATN' CINCINNATI, Oct. 1.44%®I.45%: corn, shelled number two white, yellow, mixed, ear- corn, mimler two white, yellow, tt 153-75; mixed, oats, choice number two white, 51fri53; ordinary number two white, rye, 97. Hay--Timothy, 3i.00@20.00.

Potatoes. Minnesota. North Dakota, 120- Ih. Facks, 3.00^:4.15; Michigan, 150-lb. Hacks mostly 4.40^4.05.

Livestock CINCINNATI LIVKSTOCK CINCINNATI, Ohio, October receipts 4,500 head; held over GOO head: market steady nt ISO -200 Ibs, 200 300 Ibs mostly 1GO to ISO Ibs 13.25rg 13.05, 130 to 100 ibs 5I3.2T,; sows tineven; market steady to 2oc higher; mostly sorted sows pigs steady. Cattle: receipts 750 head; calves market cattle steady; few yearlings upwards to heavy steers slow; all cutters S4.25; bulls $0.50 down; veals nn- everi; market steady to 50c lower; top veals SI 4. Sheep: receipts market strong nnality- unattractive; best sufficient to offset the Southern hedging which continued, however, while demand seemed to slacken slightly. The market eased off to 32.06c for December and for March, net declines. 61 14 to 16 points on active months.

The selling; may have been prompted to some extend by a favorable weekly weather report, which some traders here interpreted as indicating that cotton still wns making In of the South. Liverpool; reported trade calling in the market, but with liquidation and more Southern hedging. Local Markets Apples 51.00 per bu. Oranges $7.50 box. Honey 2Tc a comb.

Butter 43c dozen; Cheese 23c to 50c per pound. Chlclikens-- friers, 20; hens. 20. Sweet Potatoes-- per bM. Cabbage $2.00.

por 100 Ibs. Head Lettuce SG.OO per ciate. Grapefruit $7.50 per bor. lambs $14- down, common Hnd bucks $10gll, culls around $6, sheep upward to $0 Net operating income of the Chesapeake and Ohio for September rose to $3,033,340 from In Scp- Icmltcr 1925 and for the nine months this year to from 1 5 September gi-oss gained nearly Surplus after charges for (he nine of 1020 rose to from a year ago. Ohio Oil declared an extra divldenil of 5O cents and the regular' quarterly dividend of the same amount, both payable December 15th to stock record November 13th.

The Pere Mnrqucttc railway earned S10.47 a share on the common stock In the nine'months this year on surplus of against $0.90 a share and surplus ot $4,038,070 hi the same period of 3925. Profit of Eureka Vacuum cleaner for the nine months of 1921! rose to $3,101,940 from a year ago. operating income of the Missouri Pacific SOT September rose to 52,231,157 from in Sep- temlxrr last year and for the nine months of 1920 to $14,505,120 from option a i U. S. Steel, General Motors Air Currents Mar View of Planet Post War Records, Are ISroken By Corporations PAST BUSINESS Significance Is Variously Interpreted By Press SW YORK, Oct.

significance of exceptional earnings by United States' Steel and General Motors was variously interpreted by financial coninwntators 'today. Tlw corporation reported earnings of $52,626,826 for the third quarter of General Motors reported $149,317,553 for the first nine months in thfs year. Oct. (AP)-- the ruddy world; m'ys'terv nbout which men have, speculated dreds of years, Is not; likely to yield very information concerning its' physical aspects until larger and more powerful telescopes This was the opinion of astronomers at Yerkes obserratory, WIHnm.t Hay, who have been trainins their leases of tbc now a scutit 42 ,000,000. mll.es from a questioning "earth.

Weather was Ideal at. Williams Bay last night, but air currents interferred creating a haze the phihct and causing, its. ielescopicjlm- age to waver before eageryes Sev eral sketches made however, and observations be continued tor the. next two Current -scrutiny of the planet, which a two moons to the earth 'rf one, has revealed (season is well advanced. The 'white spot at the north'polar taken to be ice or was 'considerably COr rall rn Ilro 'smaller than during Its highest' since the final three its mgnesc since tne nnai tnrce.

of August.1924, the last time Mar; months of 1018 at the close of the wns rl favorable 'pogit'ion for Jn nnrl i A i i war, and the nine months' report for General Motors is larger than for any previous complete year in history. The steel earnings represent a net per share of $13.07, as compared with for the same period lasc year, and the General Motors earnings, $17.77 por share, as compared with for the first nine months of Professor William Fox, of lorn observatory, Northwestern university, estimated the diameter of the. cap at 240 miles. now it is the summer season on Mars," he said, "and we find tiie polar cap reduced In size. I have seen dark lines Indicating rivers arid canals, but these have been showing dimly of late because of unfavorable' atmospheric Wall Street Briefs NEW YORK.

group of bankers, business men and railroad officials are completing plans fo give Philadelphia enlarged cold storage facilities, the financing for vshlcii will handled by a syndicate headed by Spencer Trask nnd company. Erection of a modern reinforced concrete cold storage warehouse is planned hy the Consolidated Cold Storage 'company, which will leave part of the new warehouse being built jointly by the Baltimore and Ohio nnd the Reading company. Surplus of St. Ixuis Southwest gross was $32,237,547 against $11,507,700 a year ago and for the nint months' in the Fame period ot 1025. Foreign Exchange Oct.

A eign exchanges easy; demand quotations in cents: S9.71 102fi. The Republican New York Herald tribune says today: "Facts and figures bearing ont the predictions of prosperity -voiced on numerous occasions by Albert H. Gary and other Industrial and financial leaders of the conntry were supplied by two of the nation's billion-dollar organizations, each the largest of its class." The independent New York Times says: "That the securities market is rather idle nnd listless'at the moment is accounted for by the. fact these figures ns well ns the figures of many other corporations now being currently published, reflect, past business und arc "water over the wfieel. Nevertheless they are.a good Jndica- 'tion of the likelihood of corporate of earnings as a whole in 1926 ami es- waves would involv tablishing records measurably above those of 1925." The Democratic New York World Great Tlritnin.

4.S4 1-4: Krsincrj ILOH I regards earnings statements as Helgium, Cer- many Holland 39.9-!; Nor way Sifts Sweden 2C.70; Denmark Switzerland Spain Greece. Poland 11.37%; OJccIio-Slovjikia, 29.G; Slavln 1.77; Anctria 34.32%: a i a i-4; Argentine 40.7.1: 13.f='t',i Tokla 48.87%; Shanghai 00.20; Montreal 100.1^5. WOOL MARKET Oct. 21-- The wool market continues xte-aily despite the slight easing in foreign rnnrkets. There to 1m a i ilpniiiml for "another in a of contrasts between what big and small enterprises can accomplish." nnd Management efficiency," the Wprld continues, have made tremendous strides, but the great bulk of business lias not been able to keep pace.

The arc undoubtedly enjoying great prosperity but many smaller organizations have a different story ot tell. "In Its broader aspects, there is anxiety in business circles that the jtrtificial -props quite, obviously, applied to bolster up the cause of pros- c-rn railway.for the nine months this! Kronch combing wool is briiiKiu; year was toual after territorr staple wryil nt anrj fine IXJrity may be removed once the bal- of power from the hands tliu urescnt ruling party- May Transmit Power Over Electric Waves LONDON', October 27--(AP)--William Marconi thinks It may bo pos-. sible some day to utilize, electric waves for transmitting power over moderate distances. In foreshadowing such a' possibility i a ad- dress'he spoke and without Implying any near attainment of -such a development. He said the acnlevocionts of the power by electric the perfecting of dovioes for projecting the waves Jn jiiirnllel beams in such manner as to minimize dispersal and diffusion" of energy into space.

He did not elal- orate the suggestion further. SIgnor Marconi snid among things that less was known regarding the theory, of wireless than many persons imagined and that tho whole theory and practice of long-distance radio transmission were, undergoing a radical change. He'expressed confidence that his system radio transmission, would make wireless more effective and aid'ln the of pictures and facsimiles, including television. Only recently he put. into, operation his beam service Montreal and Ixndon.

Messages in doC ami dnsh were exchanged a a rate' of 200 words a minute,.