Oakland Tribune from Oakland, California • Page 31

JANUARY. 26, 1928 31 Land COMMERCIAl PAGE1' ill THURSDAY EVENING NET INCOME 4 MINING EXCHANGE MARKET Oakland Tribune NEW YORK STOCK By Associated Press Exclusive to OF BANCITALYi VIGOROUS COMEBACK IN STOCK MARKET SAN rRANClSCO. Myra 01 Hign Low Close Sales. High. Low.

Close. Sales. $38,915,173, Gross 09- 1 Gold Wedge 03 03 Wilts Cap 24 NEW YORK, Jan. 26. Following the complete closing list of to-Jiay's transactions on the New York fctock 46 46 186 186 Mineral Mtn 01 01 8 Norfolk South 46 8 Norf ft West.

187 48 Nor Amer Co 614ti Quarts Bin. Nev Hills 2 17 60 61 1 De Been Cos. 27 17 60 do pfd 117 116 .11 Delaw Hud. 179 177 1 Del ft West. 133 138 2 Den Gr ft 57 66 Sales In lQua.

Sutherlnd 01 02 Argyle 03 1 Nor Am 63 63 63 Security Holdings Jump to Operator ..07 08 kiootn 09 Calico REASSURANCE FROM MELLON ON MONEY RATES CAUSES PRICES TO RISE 1 Detroit 173 High. Low. Close. 16U ICO .104 1(14 104 04 09 Pay Divide. 04 OS 01 03 San Rafael.

49 48, lablt 1 Abra Sirs 10 do pfd 7 Adams Exp 01 Silver King 142 143 15 Devoe ft 49 640 Diamond Mat. 145 61 Dodge Bros A 20 Z5D 113 ita 20 08 6 Nor Pacific -66 95 96 3 Nor Pac ctfs. 94 93 94 45 Oil Well Sup 36 S5 85 80 Oil Well pf.108 107 107 83 Obnib Corp 14 13 13 8 Omnib Crp pf 94 91 94 8 Oppenh Col ..87 84 87 2 Orph Cir 84 2S 24 2 Orph Cir 101 101 $252,000,000, Against $93,000,000 Year Ago. Increase In tha capital investment west Nevaoa a- 08 88 4 07 OS 11 03 04 01 03 06 09 13 08 11 02 02 03 Artsetaiaar Blront Metl 02 03 Black Mam 04 Bevis 01 03 03 04 95 12 Acme Arrowhd De 85 12 1)9 3 188 13 01 04 1 do pfd 85 3 Adv Ruraley 13V 4 do pfd 39 8 Ahum Lead 3 11 Air Ueduo ...191 Z3 Ajax Rub 14 42 Alas ii Gld. 8 Comstk SilT OS OS Arrowhd An of Bancltaly Corporation from Sll.

Blmnt Un By GEORGE T. HUGHES NEW YORK, Jan. 26. The New York Federal Reem Bank rediicount rate remained unchanged at 3'2 per cent following the weekly meeting of the directorate today. No change wai made in the Kansas City "Bank rate.

7 ot is tiev ioi i 39 3 188 81 108 11 7 Otis Steel 11 Divide OS 0 Kith Exta. 02 03 IS 24 Kingman 811 03 03 8 Otis Etl pr pf 85 00,000 to 8230.009.000 during tha period from February 8, 132T, to Jana-sry 20, 1923, waa tha outstanding 08 13 01 09 01 01 29 832 Alb-P 31Vi Bknghm B. Carrie Round Mtn. Simon Thompson .16 .630 do pfd 108 1U44 Treas Vault 24 29 Tr Vlt Ext. 03 04 156 83 Al Chm Dy.158 lob' feature In tha current statement.

Jan. Teaopafc Bid Asked Belmont Jim Butler. OS 07 New Calif. 01 08 Tonopah Ex 09 Tonopah las 01 03 West End 04 05 End Ext 01 03 Divide Belcher 01 03 Ben Hur 01 02 Brougher 06 07 OS 05 Harmill 12 15 01 01 Hercules 01 02 Kernick 01 03 Midway 01 01 Revert 05 08 Tonopah Dl 0T 08 Verdi 01 02 Victory 61 Coldflela- Comb Trac, 08 04 Crackerjack 01 03 Goldfld Con 11 13 Ooldfld 07 08 Grandma 08 04 Great Bend. OS Florence' 09 Jumbo Ext.

03 04 Kewanas 01 01 Lone Star 04 06 Sandstorm 01 02 Manhattan Manhat Con 03 03 3 Allls Chi Mfg. 116 115 lls. Veta Grande 02 28 Owens Bottle. 79 10 Pac 48 87 Pro Oil stubs. 1 120 Pac ..,.158 70 Pack Mot Car.

9 6 Pan Am Petlm 43 83 do 32 7 Pam Am 19'i made publio today, following tha er. 1 Anial Lthr ir pf. 70 70 70W lomnen 31 15 Amerada Cp 31 ganlsatlon'i annual meeting held Ja iChollar 08 West Apex. OS Other Districts. Bnd Red Mt 02 03 MIMltU SALES.

2000 Tonopah Ex 10 6000 West End 04 New York yesterday afternoon. 07 03 Net earnings for this same period. Concordia 03 Con Virginia 08 Gld Curry 0 Mexican ...1.60 1 Pan Pd ft Ref 15 15 WALL STREET. NEW YORK. Jan.

26 The vulnerable position of the stock market was clearly indicated today. Having been unable to withstand the announcement of the increase in the Chicago rediscount rate Wednesday which resulted in an abrupt change in specu fative sentiment, it turned about today and started forward following the latest developments in the credit situation. a no pin ii iuv 1 Dome Mines 12 12 9 Duluth 4 4 43 Dunhill Int ..64 62 8 DuF de 319 350 Duq Lt 1 pf ..116 116 2 Eastman Kod.166 165 18 Eaton A Spr 27 26'i 27 Eisenlohr Bros 16 16 6 Eleo Auto Lit. 110 109 8 Eiec Boat 14 14 146 El Pow 84 33 18 Eleo Refrig ..12 12 75 Elec Stor fiat. 71 71 6 Emerson Brt A 7 7 8 Endicott John.

78 78 13 Eug Pun gerv 36 35 3 Equit Oft Bid, 98 98 60 Equitable Trs 416 414 16 Erie 62 61 1 do 1st 62 62 1 Eureka Vac 74 74 1 Exch 20 20 195 Fed Lt ft Tret 51 49 7 Fed Mot Tk 20 19 1 Fid Phx 1.208 208 2 Fifth Av Bus. 12 11 97 Nat Stores. 32 31 14 Flsk Rub 16 16 2 do 1 pfd 69 -89 122 Fleisch Co. ..73 72 62 Fox Fiha 'A'. 87 86 14 Param Las.

114 112 after deducting 35.997,349 reserved 2000 Apex 01 66 84 62 16 19 44-3 15 75 4 Am Ag ptd. t7 87 Am Bfc Noe 87 10 do pfd 62 1 Am Bt Sug 16'i 10 Am Bosch Ma If 20 198 Am Bk Sh Fd? 47 1 Am lirwn 13 15 87 Am Can 78 36 4 Park Tilfd. 0 4000 Revert iQphir 03 08 25 Park Min 12 for taxes, contingencies and including for the Glannlnl 1-011 a. savage 07 Scorpion 25 66 85 62 16 20 46 15 76 108 101 69 13 60 183 25 datioa of Agricultural Economics at 85 12 3 15 ii 40 Nev. Reports irom wasnington 10 17 Am 108 1 Am Chain pf.iol 101 14 Pathe Exch 8 16 do A 16 8 Patino ft ID.

5 10 Peerless Mo 17 11 Pcnick ft Ford 27 1 Penn Coal 12 1 Penn Dix Cein 23 85 7f 48 1 152 69 41 32 19 15 112 35 12 3 15 25 16 26 12 23 167 127 158 ..85 16 41 37 100 13 48 85 45 me university or California, amounted to 833,817,828. The earnings statement shows: Net Income Iron Veb. 8 69 OS 50 OS 10 03 07 05 OS IS 4000 Verdi 1000 Divide 1000 Gldfd Dp Ml S00 Union 5000 Blchr Ex An 1000 Grusa 4000 Nev Hills 1000 Operatr Con 1000 Pay Divide 2000 Wset Mine. 4000 Bknghm Mt 23 13 64 1S1 effect that the treasury sees no Immediate indication Of an increase In the rediscount rate at New York apparently was all that was needed to restore confidence. For a time after the onenlng the Industrials, Union 46 California Belcher EA 11 Belcher 07 Big Channel 03 Butte 10 Cen Kureka.1.00 Double 03 1WT te Jaa 20.

1821. aia iiilis 04 09 .04 13 04 80 Peop Gas 165 1 Pere Marquet.127 127 25 Beerre for taxes, coa-Uoxesflea. ate I4 48T ilfl 107 17 8 1'nilartelpii lot lib Third Liberty Gill Returns $603,626,650 Qtanaini foasdatloa et which suffered most In Wednesday's 62 13 4 Am Chicle 69 Am Drug Syn. 13 9 Am F.ncau Tig 66 t7 Am Kxp 185 6 Pow 25 6 do pfd 107 Am L. 13 2 do pfd 62 16 Am Home Pd.

66 J48 Am Ice 32 14 Am-La S3 Am Linseed 59 9 A yvt Inn .111 13 agricultural economic! 1,600,000 decline, moved uncertainly. Then 62 -65 31 62 66 32 6 Net eroflt (ices all ex- .105 102 103 reep-iex when the views of'the Treasury Department were made public, operations for the rise were aggressively WINDMILLS STILL SOLD LONDON'S EXCHANGE 70 do 6s pfd 52 120 Ph Iron. 87 8 Philip 16 40 Phillips Petlm. 41 1 Phoenix 17 10 do pfd loo 3 Pierce A C. 13 5 do pfd 48 19 Gab Snub 'A'.

23 94 16 41 37 100 13 43 13 32 Gard Mot BUT MOTORS GAIN FAVOR E8 penee and reaerres) from Feb. 1927 to Jan. 80, 1923.1 832,017,828 The growth of the lnvestmaat In renewed VIGOROUS COMEBACK, 23 Gn Am Tank 64 63 MAY, OPEN SATURDAYS LONDON. Jaa. 26.

UP) Insistent 110 111 WASHINGTON. Jan. 26. The 5 do pfd 1101,4 110 110 1 Am Loco ptd. 125 J25 125 The upyard movement In numer windmill Is losing Us place to the Gen Asphalt (7' 85 86 demands for the opening of the combustion engine and hydro-elec- HOLDERS of third Liberty lopi bonds to a "total of $603,620,650 took sdvanlage of the treasury 'i latest offer to convert their' uprnrjtiea into Per CflU- securities reflecta the gain ia the capital account The present se- 2 Pierce Oil 22 Pillsbury 36 85 10 Pittsburgh C.

47 45 ous instances Became so pronounced as to carry the Issues favored In London Stock Exchange for business trio power. uepartmenc 01 com- rurlty nnlrilnga total 8252,000,000 20 Gn Bak 134 134 4 Gn Cable 'A', 69- 9 69 4 Gen Cigar 70 70 70 34 Gn Elec 132 131 131 2 Am ft ay.ivs ii J'JiV 1 do pfd ...,.112 112 ,1124 33 Am Metal Co 45 44: 44 140 do pfd 115 115 1 Am Piano 20 20 ,20 niBrce reports indicate It Is one ut on Saturday threatens to shorten tha fiua ar coal is is- compared with 898,000,000 shown in the recovery to new hign prices un dor the present fqrm of 'laultglTtaT tion. the few items of agricultural ma 13 Porto A week-ends of many employees In the Tob 30 29 3n I- VIC 127 1" 127 110 P68H1III chlnery whose exports have failed me reDruary statement of last year. The suggestion that nil atookhnlrl. iM 11" mil i 11 10 SAi, Hi.

One of the outstanding features financial district, also of many to increase since pre-war days. 15 39 37 39 4 Pressed stl Car 24 24 24 67 era liquidate existing broker's loans 73 Am Lt 67s 6d 6 Prod ft Rf 29 Ii 29'. 29 stock brokers and bankers. was Montana Power, which rallied from the previous final of 124 to aliove 131 before the demand subsided. Although reports have been 80 Prophyl Brsh.

SO 161 Sv N.I... 44 Even Holland, fabled home of the windmill, is turning to the electric power pump. Germany, largest present-day maker and user of The thriving business which the 79 44 135 79 43 135 or Dorrowings irom commercial banks and financing organisations, thus becoming Immune to market fluctuations, was made by A. P. Ginnnlnl nratlri.nl nt rt.nAl,.l New York Stock Exchange does on 4 do 8 pfd .135 1 do 1- pfd .120 notes.

Ihe converbion oner expired Monday, and the treasury announced today the final results of subscriptions token through the Reserve bank. The New York Federal Reserve district accounted for more than two-thirds of the total conversion, puhsrrintionii. Saturdays and the prosperity of the 120 12ft 2 do B' 40 40 40 577 Gen Mot 134 135 4 do 7 pfd .124 123 123 1 Otd Ad 'A' 58 68 58 4 do ctfs 60 60 60 19 Gn Ry SigtYal.120 119 118 13 Gen Uefrac 76 75 75 i Gil Saf Raa ..101 101 101 ft r.imhfil Rrm 38 38U 88 widely circulated concerning im windmills, is doing an Increased ex Berlin Exchange, wnicn closes on k.W. pruvement in the, company's business, there was no doubt that the) port business, but is experimenting with an adaptation of the power Saturdays only during the summer 1 do 6 pfd. 104 104 104 1 PSE Gas pf.109 109 109 43 Pullm Ino 11.

82 81 82 aciion of this stock was due to a Plant of the rotor ship by employing a rotor tower to pump water, 31 81 81 1 Aleg Sug technical market condition. BO 25 25 25 64 63 63 167 Pure 6 Purity Bk 'A' poratlon. "We are now aettlng out to make-our stock the strongest In the country and do not want lt held as security for loans by brokers or competing banks. Wo want our stockholders so firmly entrenched that they cannot be forced to sell at soma nnfnVitrahlA tlmA" no pta so 14 Glidden Co 21 Germany la also producing wind-driven electric generators equipped General Motors and U. B.

Steel displayed their recuperative powT era. But lt was Hupd and Youngs- 125 123 124 20 2 87 .97 93 96 14 do 80 do pfd 97' witn storage naileries. Sections of the world with axten 10 672 Gold Dust 97 MONEY town Sheet and Tube that were the 331 do pfd 109 109 109 adio Cp Am. 100 98 100 eading Co ..101 100 100 Rad Read 196 Gdrch BF Co. 937) features of their respective arrouDS.

88 Am Radiatr .136 134 11 Am Hy Exp .129 126 Am Repub 67 65 3 Am Seatng ..89 89 3 Am Ship C. 4 4 10 Am Shipbldg .108 108 75 Am Smlt lit. 178, 177 4 do pfd ....134 1134 10 Am Snuff .107 107 80 Am Stl Fdr .67 66 60 do pfd 114 113 3 Am Bugr Ref. 16 75 2 Am Sug pfd .110 110 14 Am Sum To 61 61 I Am Tel 30 30 84 Am ...180 179 34 Am Tobao ...171 170 10 do ....171 169 Am Wat Wks. 69 59 1 do 1st 103 8 Am Wool pfd.

64 64 I' 4 Am Wtg Pa, 16 16 1 do ctfs 44 44 42 Am Zinc Ld 8 7 J13 do pfd 49 45 64 Anacon Coppr. 56 56 3 Archr Danl 69 69 13 slve territory inadequately supplied with water, such as Argentina, South Africa and Canada, still are After having been actively dealt in JuBt under 40, a block 44 44 111 Hi 68- 68 99 99 FOREIGN F.X CHANGE Reported for T1UBUNU by Central Natl. Hank 9 do pfd .....112 86 Gdyr 69 6 do 1 pfd 99 000 shares of Hupp was taken at nuymg windmills from the United 135 126 66 39 108 178 134 1U7 66 113 76 110 61 S0 180 171 169 59 103 64 16 44 8 47 66 59 89 13 8 '76 49 9 do 2 pfd 44 92 Rl Slk Hs 30 10 do pfd 89 357 Remgtn Rand 28 1 Goth Silk II do new Amntlns. 106 oarer duos 849.70 tnis ngue and carried thereafter to a new high record above this level. Glannlnl said that while he did not anticipate the development of a situation that would necessarily lead to a sharp reaction from present prices, at the same time ha believed that stockholders should use tha present market to take up the slack.

82 29 89 25 62 9 157 9 8 Gould Cplr 'A Australia, 11 terlinf 4.86 Austria, 100 aotiillmga 14.16 29 89 27 83 62 9 167 182 82 S2 8 8 41 41 24 U. 24 states, however. Argentina la thi best customer, taking aboue one thlrdof the total exports. NEW MAIL ORDER HEAD 4 Granby Youngstown at Its best price was responding to the announaement of the. proposed terms of oosolldatlon But.via.

100 mildura 49.40 8 do 1 pia tti 13 Rep I ft 62 14 Reyn Sprg 9 12 Reyn Tob 61 I ctf. Belgium, 100 belgaa 13.93 6 Gt Nor Ry pf 96 96 94 31 18U 99 81 Brain, tuu miirui iif.ua Buliarw 100 lava IS 24 Hos ins 183 8 do of ctl 94 wuij iniana steel UTILITIES ARB PROMINENT. 10 gt Sn 112 113 135 Gt West Sug 34 IS MILITARY VETERAN CHICAGO, Jan. it. (ff) Robert E.

76 77 77 3 St Publio utilities maintained the place of prominence, which they 119 119 119 139 135 138 67 67 67 20 do pfd 256 Green Cop 1 Git Sta Steel Canada. 100 dillara 99.86 Chila, 100 paper peioa 1S.2S Great Britain, HI aterling 4.S7 OiechO'Elovakia, 100 kronen 1.98 Denmark, 100 kroner 86.7S months, provide a text lor critics 01 the London Exchange. London banks keep open until noon on Saturdays. Employees used to come to work dressed in their sports clothes, so they could dash off to the country at the stroke of 12. Moat banking houses have stopped this practice and ban the golf auit as office garb.

On a recent Saturday sales on the New York Stock Exchange totaled about 600,009 shares. The Daily Express estimates that the brokerage on this turnover probably amounted to 40,000, that Is roughly 3200,000. Had the London Exchange been open the Dally Express estimates that It is fair to assume it might have done at least half as much business as New York did, and insists that business which is missed on Saturday cannot be done the following week. Members of the London Exchalge are divided on the question, but the "openers" are making a fight which they insist must eventually overcome the "non-openers," as they say both self-interest and national interest demand a change. 1 STEEL.

YOUNGSTOWN, Jan. 26. Sheet and bar producers In the Mahoning valley report steadier demand for their products than has prevailed for months. Increased buying of scrap La with mnat nf tV. i nrn.

46 Sag Arm 18 Schulte Rtl wooo, new president of Bears Roe held Wednesday. National Power 68 70 62 52 119 120 27 27 120 do pfd 19 Armr Co Dl 89 89 10 do pfd 105 105 3 Hanna Co 1 76 75 i 9 al Finland 100 finmarsa 8,58 S.93 ana Light featured the low-priced issues, advancing to a new high for the year following the raising of the regular annual dividend from 80 buck has spent only nine years in the mall order business. He became Vice-president of Montgomery Ward Co. in 1919 and had been vice-president of Sears Roebuck 85 35 28 Hartmn Crp 24 France, 100 fra.noa German-r. 100 marka 12 12 4 Seab Air L.

2 do pfd 1 Seag Cp 67 Seneca Cop 16 Shell Oil 27 Shubert Tht 23 69 114 27 84 8414 Greece, 100 draohmaa NATIONAL ACME CO. OPERATIONS INCREASE Operations of National Acme Company have Increased recently with some departments working on night shifts. Fred Chapln, president, says reaewed activity of Ford Motor Company has stimulated the automotive Industry and a good part ot Aome'a increase may be traced to the pickup in the automobile- division. The company's foreign business ia Improving. 1 -1 1' 1 1 PENNSYLVANIA'S fT) AT.

cents to $1. Brooklyn Edison, Peo o. since 1.924. 71 62 120 27 35 12 86 25 67 65 22 20 106 27 15 6 Hav na ty p. 3 1 Helme Oo ...114 2 Hoe ft Cb 28 5 Hollander 83 54 Househld Pr .69 JS do III 13 92 do 111 8 144 do pfd 77 1 Amid Cons Cp 49 10 Artlm Crp 7 .111 8 Asso Dry Gd 47 SO Asso Oil 39 JtS3 Atch To F.195 2 Atl Co Line ..184 ples uas or untcago ana Philadelphia Company were the high priced favorites.

Woed Is- a West Point graduate and a soldier of years' standing. He lUb'i. 24 69 114 23 33 69 147 42 64 80 143 3.1 'A 67 101 Simmons Co Holland, mo guuoera HunKar; 1U0 pengoa Italy, 108 Urea Jugo-Slavia, 100 dinar Manila, 100 peace Norway, 100 kroner was acting quartermaster general Among the specialties selected for 34 Houstn Oil ..149 147 wnen tne united states entered the 25 66 62 22 19 106 26 15 60 leadership were Montgomery Ward 12 Howe Sound 42 42 world war in 1917. 1 Simnis fel 98 Sine Oil 1 do pfd 2 Skelly Oil 5 Snider Pack 63 ilUUDll Ob mi tx IX at M. feruj $1 aterling Poland.

100 clotva 10 Atl 44 5 do pfd 43 25 66 64 22 19 106 26 15 60 87 134 46 24 9 79 39 402 Hudsn Mo Car 81 2171 Hupp Mo Car 41 up almost 3 points; Loews, Allied Chemical and A. M. Byers. National Biscuit had another of its characteristic sharp upturns and was carried to a new hleh for tha nrnaenr nhnron COPPER CO. REPORTS 23.83 1.83 40.34 17.65 6.39 1,77 49.60 18.61 8.90 11.70 4,99 .62 1.77 16.96 86.84 19,86 86.75 60.00 63.86 46.96 S6.76 Portugal.

100 eacude 5 Atl Ref in 107 1 tu 5 do. pfd 136 Rumania, 100 leia 186 Illinois cent .144 37 PROSPEROLS BUSINESS 19 Sn Par Rico 38 135 138 3 do pfd .....138 Serbia 100 dinare Snain. 100 nesetaa 15 Atlas Povvdr 67 1 Atlas Tack 10 4 Austin Nic Co. 5 1 do pfd 32 26 26 Production of Inspiration Consoli 26 20 do pfd 134 134 36 So Cal Edsn 46 44 18 Sou Dairies A 25 24 10 10 Sweden, 100 kroner Switzerland 100 franca Such issues as Transue and Williams, Simmons Company, United Drugs and Savage" Arms were again responsive to demonstration on the dated copper Company In 1927 totaled about 89.600.000 Hounds. COKE SHOWS NET LOSS Pennsylvania Coal and Coka had net loss of 8789,878 for 1927, against a deficit of 844,499 in 1926.

The fourth quarter showed a deficit of 8477,666, against profit of 8222,413 In the last quarter of 1926. 9 1 Ausrn Cr Anst 74 17 Ind Oil Jas 2 Ind Refin 12 do ctfs 1 Ingrsoll Rnd 88 Inland Steel 6 Insoira. Coup against 81,695,000 In 1926. Costs last 6 do 11 D.nKIn 15164 12nl. .121 120 7 10 Autosales 92 59 121 year were substantially lower than buying side and the gains extended Iductlon coming by rail from Cleve-froja 1 to more than 8 points.

(land and Detroit. 9 92 68 19 32 18 India, 100 rupoea Hongkong, 100 local currency. Shanghai, 100 taela Yokohama, 100 yea India, 100 nipeea Uruguay, 100 gold peioa in i9zi. 10 92 58 19 34 18 67 123 20. S3 45 115 9 do pfd 2 Auto Strop Bait 22 Sou Railway .145 143 143 10 do pfd 100 100 100 14 Eoicer Mfg 26 25 26 18 Interbor Rab.

85 103.16 23 Intrcon Rub 18 2 do pfd 82 258 Stan ff El 63 61 63 19.80 7 67 Venezuela too oonvarea 1 Int Agrl pr p. 67 3 Bang Aroos 80 123 123 59 68 59 mixed; Quotation (in cents): Great Britain, I Int Bus Men 3 Int Cement 1 do pfd 24 Int Comb Eng 4 Int Harv Co 109 109 109 52 51' 51 6 do pfd Hi 6b 7 00 7 Stand Mill ...108 107 107 10 do pfd 104 104 104 4 Stand Oil Cal. 65 65 65 62 do Jer 39 39 39 70 do York 29 29 29 3 Stand PI Glass 2 2 2 10 do pfd 11 11 118 Sterling Prod .150 145 145 240 240 240 demand 487, cables 487 7-16, eo-aay mils on banks 483 6-10; France, demand 8.92 13-16, cables 3.03 1-10; Italy, demand 6.28, cables 6.ai',i. 38 Int McU pfd. 105 1 Int Merc Mar.

4 14 do pfd 41 104 4 41 95 7 73 49 111 46 39 193 183 43 43 106 64 10 6 32 74 7 30 45 Hi 82 80 556 68 69 25 106 108 16 74 19 64 57 120 95 70 57 2H 6 223 83 154 47 32 17 147 62 108 116 4 9 98 68 74 26 2 104 21 618 Int Nickel 99 104 441 98 73 107 41 190 82 72 l)mana; ueigium, xa.u.:'.: uerman.v, 23.80i; Holland, 40.29H; Norway, 26.60; Sweden, 2ti.S2; Denmark, S6.77V4; Swltaer-land, 19.83; Spain, 10.94H; Greece, 1.3214; Plund 11. as; Czccbo-Slovakla, 2.0014; Jugoslavia, 1.76U; Austria, 14.10: Bumama, Arireiitine. 42.70; Braill, 12.00; 107 23 Int Paper 74 3 do '7s pfd ..107 1 Int Ry Cen A. 41 41 2 Int Silver ...192 190 Tokyo, 4fl.74; Shanghai, 63.37 tti Mont 145 145 real m.bi lb-la. 35 62 68 3 36 13 11 63 75 108 15 27 2 Stew Warnr 82, il Strmbrg Carb.

62 57 Sudebkr Crp 69 1 Submar Bt 3 13 Sun Oil Co 36 2 Superior Oil 3 4 Symingtn Co. 13 1 Tenn Cp ft Ch. 11 67 Texas Corp 63 173 Tex Gulf Sul 76 8 Tex Pac Ry.108 28 Tex .15 63 Tex Pac Ld 28 1 Thatchr Mfg 60 Bar silver, 56c; Mexican dollars, 62 58 3 85 3 13 11 63 75 107 15 27 60 3 Int Tel ft Tel. 146 6 Intrtype Crp 35 1 Jones Bros Tea 87 18 Jardon Mtors 10 17 So Ry 60 3 do pfd 73 8 Kayser Co 6544 37 10 59 72 4314c. NEW YORK, Jan.

88. (St Call 70 Bank Commerc556 0 Bank MantiatiiS" 4 10 Bank NY 69 S3 Barnsdall A 25 6 Bayuk Cigar .106 60 do 1 pfd 2 Beacon Oil 16 42 Beechnut Pack 76 86 Beld Hmwy 19 4 Best Co 54 73 Beth Steel 58 6 do 7 pfd ..120 2 Blumth Co pf 95 139 Bon Ami 76 171 Bklyn Man- Tr 58 77 Brlggs Mfg Co 23 1 Br Emp Steel. 3 1 do 1 pfd 6 40 Bkly 228 65. do pfd 84 16 Bklyn Gas .155 i Brown Shoe 47 3 Brunsw Balke. 32 7 Brunsw Trm 18 8 Burrough Mac.148 3 Bush Termnl.

62 '10 do 7 deb. .108 i SO do 7 pfd ...117 8 Bute Copper 4 1 Butte Sup Min 9 85 Byers Co ....105 i 4 By Prod Coke 69 16 Calif Pack 76 86 Cal Petrol 26, 4 Callahan Ld 2 II Calu Arl M.107 26 Calu Heo Con 22 12 Canada A 67 65 31 10 60 72 65 24 80 23 110 85 Kely Spfld Tir 25 24 5 do 8 pfd 80 79 2 Kelsey Hayes 23 23 money, firmer; an loans ana oiosing bid, 4. Time loans, steady; mixed collateral. 80 to 90 davs. 4M.4; four to 60 36 36 12 The Fair Co 36 46 39 195 184 43 43 106 67 10 5 33 74 7 33 45 115 82 80 556 574 69 25 106 108 16 76 19 54 58 120 95 74 58 23 8 6 226 84 154 47 32 18 147 62 108 117 4 105 69 75 26 2 106 22 J6 208 261 30 23 12 81 66 61 120 75 17 644 199 78 -a 12 87 17 17 33 33 85 135 110 102 108 41 100 do pfd 110 110 83 six months, 44; prime mercan 10 do pfd ...,104 104 104 83 1 31 32 21 Third Av Ry tile paper, 8 4.

BANRREPORTS OAKLAND CLEARINGS. 16 16 85 85 20 20 16 85. 20 9 Tide Wat As 1 do pfd 1 Tide Wat Oil. 39 Ken Copper 83 1 Kinney Co 47 12 do pfd 95 31 Kraft Cheese. 65 14 Kresge Co 71 10 do pfd 115 3 Kress Co 97 47t-i47 94 94 64 64 70 70 115 115 97 97 90 90 2 do pfd Denosit charges $9,288,400 Clearances 2,908,100 32 Tlmkn Rol 128 128 17 Tobac Prod ..108 108 .108 38 Transcon Oil 9 8 8 238 243 BKltKKLtlt 280 do pfd 124 112 115 16 Trans ft Wil 604 494 49! Lauo Oil Tr 34 34 34 Deposit charges 8749,358 COAST CLEARINGS.

San $33,700,000 Los Angeles 27,718,606 31 Undwood Typw 70 69 69 3 TJn Bag Paper 46 46 46 89 Un Carbide ...144 141 142 1 Un Oil Cal 43 43 43 12 Un Pacifio ...191 190 191 962,663 San Diego Portland 40 Lambert Co 84. 83 83 38 Lee Tire 18 18 18 3 Lehigh Val 92 91 91 4 Lehn Fink 88 38 38 62 Life Savers 34 32 32 13 Lig My Tob. 119 118 119 15 do ......119 118 118 37 Liq Carbonic. 74 72 74 btt 207 15 Canadian Pac.207.; 6,338,721 2,877,000 6,673,045 840,155 259 Tacoma Seattle Sacramento ao i)i(i i sn s( 3 Uni Cigar St pf08 108 108 New Issue $120,000 EAST OAKLAND HOSPITAL BUILDING First Closed Mortgage 6 Fifteen-Year Sinking Fund Gold Bonds (Fee Bonds) Dated Dec. 1, 1927 Due Dec ltf 1942 Free From California Personal Property Taxes United States Normal Federal Income Tax, Not Exceeding 2, Refunded AMERICAN TRUST COMPANY, TBTJSTEE AND REGISTRAR Coupon bonds In denominations of $1,000 and $500, registerable as to principal, Principal and aeml-annual interest (June 1st and December 1st) payable in Oakland at tha Office of the American Trust Company, Trustee and Registrar, Callable as a whole or in part on any interest date, upon 80 day notice, up to and Including Dec.

1st, 1930, at 108 and accrued interest, thereafter until and including Deo. 1st, 1933, at 103 and accrued interest, and thereafter until maturity at 101 and. accrued interest. The following statements regarding this bond issue summarize a letter from the issuing corporations Security Under MortgageThese bonds will be the direct obligation of the Hospital, Building CorporatioBi and will be secured, in the opinion of counsel, by a closed first mortgage on land, owned in fee, and the building to be erected thereon. The Building -The East Oakland Hospital building, to be located at the intersection of East Fourteenth, street and Twenty-seventh avenue, opposite the buildings of Montgomery Ward company, is in the center of the East Oakland industrial and commercial community as well as being in the heart of a district housing 65 of Oakland's population.

It will be a structure four storie in height, al) of steel and reinforced concrete, with full basement and fire-proof throughout. The building will be the ultimate in design, construction and equipment The construction will allow additional stories when needed. The building is of the convertible type, Land Included in this mortgage is approximately 15,000 square feet of land in an area where values are steadily increasing. In conjunction with the main building there will be two separate structures for the housing of nurses and employees. The Leaae -The building has been leased for a 25-year period as hospital, to responsible parties of the City of Oakland.

The lease is secured by a chattel mortgage on furnishings and equipment, and further protected by insurance. The Hospital The hospital will have 0 private rooms and two complete wards. In addition to general domestic cases the hospital will be available for industrial and emergency business of the industries lining the estuary, being the only private hospital between Lake Merritt and San Leandro. Numerous doctors in this locality ara now served by distant institutions. Income DefiniteThe income of the Hospital Buil ding Corporation will be derived from the lease which is made with leading East Bay physicians.

The net revenues available for sinking fund after Interest, taxes and Insurance have been met, will be about per year, or 125 of the total sinking fund requirements during the life of this bond issue. The lessees ard obligated under the terms of the lease to assume all maintenance on the building and any increase in taxes from date of completion. The gross income of ihe Hospital Building Corporation under ihe terms of this lease, during the life of this hond issue, is $300,000 and the net income after interest, taxes and insurance, is $150,000, or 125 of the total bond issue, 61 30 23 12 81 65 0 119 75 16 31 153 Uni Drug ....204 199 203 2 do pfd 69 69 69 70 TJnl Dywood pf 47 47 47 26 Uni Fruit ...142 139 140 36 Cast I PIp216 210 210 39 US Hoff Machn 56 55 65 15 US Ind Alcoholl07 106 106 8 Leather .23 23 23 20 do A 56 55 55 62 6 31 55 38 113 150 28 480 Loews mo 63 13- Loft Ino 6 1 Long Bell A 31 355 Loose Wiles 57 ia Lorillard Cp 39' 1 do pfd 4113 1 Eso 6 Lou 29 11 Ludlum Steel. 30 1 MacAndr Forb 49' 31 53 38 113 150 28 29 49 STREET 8 ao pia los 108 198 78 30 49 3 US Realty Im. 64 64 64 196 Rubber 61 69- 60 10 102 101 101 ONDS 4U Mack Truck 2 Macy Co 270 16 do 1 pfd ...107 107 107 TTU It A 1 T.I -ill AIT' 70 270 ssrued bg HP- 1 Mad Sq Garden 25 "5 Magma Cop 62 27 Mallinson Co.

18 1 do pfd 63 53 53 440 US Steel Corpl47 146 146 orma do ptd 140 140 140 nu ao pta su 25 51 17 87 82 41 35 36 25 52 18 90 82 41 35 36 icipalitic 78 10 Manhat Ry gtd 82 hat 42 Man case Tnr Mch.261 4 Cent Alloy Stl 30 1 Cent Leath 23 7 Cent Rib Mils 12 60 Cent Rib pf 81 10 Cerro de Pnsco 66 7 Cr teed Prd. 61 7 Cert teed lpf.120 3'Certo Corp 76 5 Chand Clev pf 17 10 Chathm Ph B.650 18 CheBapk O.101 40 Chesapk Corp 79 8 Chicago Alt pf 11 1 Chlo EI11K 41 Cht Gt West. 12 8 Chi Gt pfd 28 7 Cht ft 17 16 Chi? SPct 17 12 Chic pf 33 7 Chio pf 33 2 Chic Wat 85 3 Chio Pneu Tl.185 8 Chic Rck 1 CRI 6 pf.103 1 7 pfd. 108 80 Chic Ycl Cab. 41 86 Childs Co 48 10 Chile Copper.

41 6 Christie Br Co. 127 V148 Chrysler Corp 68 A 9 City Stores 71 J5 Cluett 88 10 Cluett 119 81 Coco Cola ....135 85 Collns ft 1 Col Aik 86 Col I 79 1 1 75 65 Col El 93 A n.108 16 Col Carbon 97 7 Com Credit 22 80 Com Cr6 pf 88 24 98 29 67 a iiiannat 3a '50 Marland Oil 36 6 Marlin Rkwell. 49 1 Martin 14 ii 4 12 49 12 24 98 29 66 9 69 106 54 11014 a uiuv ijear. xoo 18 Univ Rad Pipe 25 1 do pfd 98 22 Utl Lt SO 116 Vanadium Cor. 67 1 Van Raalte Co 9 6 Vick Cheml 60 10 Vicks Sh 115 Vic Talk Mch 54 1 do cvt pfd.

110 8 do or Dfd ..103 9 60 10 6 Math Alk Wk.128 127 127 4 May Dpt 84 '84 84 37 Maytag Co 33 32 32 Full particulars, together vHth current offerings, will ba mailed on request, with out obligation 1 Jfaai 54 110 83 41 27 17 17 33 33 85 136 110 102 108 40 47 125 67 69 87 119 135 103 108 78 75 92 108 96 22 8S 101 103 25 6 106 15 15 81 Aidnu. 28 91 48 23 48tt iuctrory ei sai 83ft 1 Metro Gold pt 25 25 1 Mex Seab 6 6 4 Miami Cop ...106 106 1-Mid Con 28 28 52 Mid Stat 3 1 8 Midi Stl pf.254 250 3 Miller Kuuber. 24 24 1 49 49 20 II. 71 71 4 Mis Kan ft 38 38 23 84 i 250 24 49 71 erf 43k 12 Va Car 16 8 do 7 pr pfd. 91 12 6 pt pf 49 8 Vlvadou Inc 23 10 Vulcan Detng.

84 10 Wabash Ry 65 1 Wab pf 93 10 Waldorf Sys 20 22 Ward Bak T. 27 1 Ward Bak 97 8 War 23 8 Warner 31 16 War Br Co ...174 1 Web ft Heil 65 64 64 20 27 33 34 64 64 19 26 97 23 30 170 t-f 2 Mis 107 107 722. Central Bank BHr: Oakland-GkmrnduS) itttl 97 23 a-cwejaaka 80U 4 Missour Pac 60 50 50 9 Miso Pac pfd. .111 111 111 138 Mont JPower .135 124 134 325 Mont aril 1.11 1284! iais BOMB PBALKRa SIMCX XqOt 170 65 ib: 3 Web Hel pf.103 101 102 65 47 40 125 7l' 87 119 135 103 108 78 75 93 108 96 23 88 162 66 61 26 78 81 1265? 103 69 3 95 85 125 81 11 69 137 87 60 Warn Br 1 pf. 62 61 51 5 2 Com Solv 84 Comwlth 67 2 Conde 61 75 Cong Nairn 26 1 Cong Cigar 78 14 Con Cigar 82 1 Con Distrib 1 26 78 81 a vvnr ru av 20 ZO 1 Dry Pd A.

65 56 65', 3 Wst 24 24 24 90 Pw 7 nfllEU 115V. list VALUATION The value of the mortgaged property is appraised as follows by well-known and responsible Oakland appraisers: Lowest Appraisal Xand in Fee (total) 8 60,000 00 Building (as per general contract-and surety bond) 150,000.00 low vv fen til ill 111 110 421 Consol Gas ...123 4 Con $5 pf. 102 Others 67,500.00 150.000.00 8217,500.00 46 110 46 60 171 54 iu rnr 21 Westr Mryld. 47 3 West Pac 6 Wts Un 173 238 Wehngh A Brk 55. 362 Wsgh'E Mfg 98 Total Valuation $210,000.00 i 14 Con RR pf.

7 Con Textile 5 font Bak 14 Cont Bak 4 Cont Bak iiyt 54 3 95 97 so 20 El Mf lp.101 100 100 48 Cont can 10 Con Can 125 James E. Bennett STOCKS ft gy OB SIN BONpg Ar I A "OV'NS COXK, VA. VVt) 8CQAB UXKBEBS 25 BXCWI InaladlBf New Terk Chioare Stack Irehanfet CHICAGO BOARD OF TRADE Nev fork A New Orleans Cettea Bxeas. 832 So. La Sails tS Beaver Rt CHICAGO MEW YOEK Wire Connection with H.

G. LANE COMPANY tt Fourteenth Street OAKLAND 1 1 26 101 1 50 6 95 85 125 81 11 68 133 87 114 30 26 21 IS'" 60 161 63 42 west im inst. 14 13 14 7 White Mot Co 37. 37 87 10 White Sew 42 41 41 1 Wht Sew pf 64 64 64 28 Willys Overl. 18 18 18 6 Willys Over pf 95 95 31 Wilson ft Co.

14 1314 63 Wils ft Co A 24i 26S 84t 22 Contln insur 81 87 Cont Motors 11 87 Corn Prod 69 88 Coty Inc .....138 2 Crucible Stl 89 4 Cruo St 115 1 CubaC Sug pf. 30 Cuba Co 27 7 Cub Am 21 16 Moon 6 6 6 27 Mother 2 2 2 3 Motion Pic C. 7 7 7 3 Moto Met A 20 20 20 2 Mullins 84 84 84 10 Mullns Bdy pf.107 107 107 8 Munsgwear 61 50 51 18 Murray Cp A. 25 24 24 SO Nash 89 88 89 122 Nat Acm 12 11 11 7o Nat Bel 64 61 63 28 Nat Hes pf.101 99 101 100 Nat Biscuit ..181 178 179 66 Nat Reg 61 49 61 62 Nat Dry 71 69 69 6 Nat Dpt 24 23 24 2 Nat Dpt St lpf 91 91 91 16 Nat Distill Pr 65 64 64 1 Nat Distill pf 68 68 68 29 Nat En ft Stm 30 27 28 3 Nat Lead ....130 129 130 20 Nat Park Bk 65 65 65 721 Nat How Lt 26 25 26 2 Nat Radiator. 37 37 37 3 Nat Ry Mex 2 2 2 2 1 Nat Supply 93 93 93 19 Nat Supply pf.

H9 118 119 131 Nat Surety ..322 320 321 20 Nev Con Cop. 18 74 18 18 10 Orl 134 134 5 Air Brk. 44 44 4414 33 Central. .161 160 161 8. NY Chi ft StL.135 134 134 1 NY pfd.

109 109 109 1 Dock 62 63 62 50 Harlm.184 179 184 277 Hav Ht 66' 63 64 8 NYNH pf.114 114 114 5 Ont ft Vf 28 28 28 2 NY Stm 37 pf.112 111 U2 80 NY Stm $6 pf.101 101 101 1 Nias fx Uk 23 11 115 30 26 70 ft Sinking Fund The indenture covering this issue of bonds will provide a sinking fund operating semi-annually, sufficient to retire at least 60 of the total issue at maturity. Having made a very careful investigation ot this property and bond issus we offer these, fconds as si sound and amply secured investment. We offer these bonds when, as and if. Issued and received by us and subject to approval of counsel, and subject to the approval ot the Commissioner of Corporations, with such changes as he may require. Price $100 and accrued interest to yield 6.50 7 H.

G. LANE CO. Neale, Kelty Supple, Inc: 21 69 186 31 45 r. 70 12 18 YY11 OS iL I I 34 Woolwrth Co. 188 8 Worth 32 Vi 1 Worth 45 11 Wright Aeron 86 4 Wrig Jr Wm 70 2 Yale Towne 72 61 186 32 45H 86 70 72 34 184 Cudahy Pack 62 34 Curtiss Aero 62 Cushm Inc.

.164 2 Cuyamel Fruit 63 15 Davison Chem 43 14 53 33 18 Yel Tr Coa 34 115 Younest 100 100 392 Fourteenth Street Financial Center San Francisco Total sales 2,504,300 against 862,300 previous day, 1,496,200 a week ago and a year aso. From Jan. 1 to date 48,841,900 against 30,452,700 a year ago and 36,145,100 two years ago. DAILY STOCK AVERAGES. NEW YORK, 26.

Following are today's stock market averages I Will Buy UNLISTED STOCKS D. noss C1 Hammond, Inc. 2214 Webster Street Glen. 1357. lxnxs os Bancitaly Corp.

Shares IICK action 0. M. GASS A 1404 Franklin Suite 4u3 Telephone Qlencourt Z2.Q5. Oakland, Calif. it of elected and IndusUUUai.