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Speaks in Every Line of This Car

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Speaks in Every Line of This Car 12 THE EVENING STAR. WASHINGTON. P. C. TrESPAV. Nf>VKMBER_IS. IKS.j Steel Bail Order. ordered 52.000 tons of rails for 1930 da* spot, most of the but with the definite facts and figures livery. The contract waa divided be- wa« formed on the NEW MAGAZINE STARTS (M*). Illinois Steel and Inland Steel, being recruited from the large lacking upon which a sound judgment NEW YORK, November 12 —The tween members Chicago Sc Northwestern Railway has the former getting 36.000 tons. stockholders of the corporation who of probabilities might be based. When IN FIFTH DISTRICT WALL STREET POOLS were present. The $40,000,000 was to corporation Is expand- banking POULTRY RECEIPTS be supplied in cash as required, each the business of a Announcement of a new and absorb- financial publication to be published in of the pool members making his own ing at a rapid rate, when it is of merg- Richmond covering the fifth Federal BY A POOL MANAGER, AS TOLD TO JAMES ABELLE. credit arrangements. ing other companies in a series made today from accumulated through a continuously into Reserve district was Stock was ending ers, and branching out the Washington offices of William V. period of -Ax weeks about the new fields of activity, who can say'ex- Branch, publisher article on Wall Street 10.000 shares of an industrial stock then By cleverly placed buy- editor and of the HERE (/n the third loth of June. actly what the stock may be worth in Banker, a LARGER selling During United States national ARE under 100. the bull a bottom pools, the pool manager tells how mar- ing orders at crucial moments years? In such E of the succeeding three years at one year or in five financial and economic magazine. The have prepared a list of "/ I the income tax keeps big operators kets this price for the stock was established a imagination of stock buyers cashing their “blue chips stock steadily advanced, with only minor the high quota- cases the new journal will be called the Fifth from - figure 40 points under is freed of the usual restriction! of real- District Banker and its initial appear- Many Turkeys on Hand at the stocks whose sale would mean interruptions. On several occasions tions of early May. After liquidation only limit Common Stocks in rights were granted stockholders to sub- eventuated, istic analysis; the practical ance is scheduled for November 15, and that Uncle Sam would step for was absorbed a brisk rally to price advances is the desire of wary regularly on the first of each month his share. Thus many profits re- scribe to new issues at favorable prices. of the rapid raising paper profits into Wholesale Market —Vege- year was “split under the influence July speculators to turn thereafter. Mr. Branch has maintained main on paper.) This the stock up”— pool bids, and late in the with estimated earnings .per share which giving stockholders several additional of the old offices in Richmond for several months price was “shoved up through the It Is perhaps, a fortunate thing for in making preparations for the new Plentiful. shares for each share held. The 10.000 high territory. situation that not we are recommending for investment tables CHAPTER 111. shares of 1926 have grown to more than top” into new the general financial magazine, and states that it is being all speculators, not even all the aristo- accorded a gratifying welcome in the ¦ 1 ¦¦v— Pools In Blue Chip Stocks. 50.000 shares, which at present quota- Pool Members Refuse Profits. who play purchase at this time. The list is avail- profit of nearly per completed his cratic minority banking and financial fields. A fairly heavy sprinkling of turkeys, At. luncheon a few days ago a retired tions show a 500 With accumulation and the “blue chip stocks." are so rich they as telling cent on the total cost to my ex-banker work done, the pool man- profits. Sooner able on request. alive, this morning gave the poultry banker of the "old school” wr preparatory cannot afford to take raised in India appearance suggestive of the in the stock mar- friend. ager was now ready to “stage the real as need cish and must Nearlv $275,000 was ¦ market an me of his first ‘‘flyer “Did you lose another hat on your full of or later some of for the Thanksgiving for the King's re- approaching Thanksgiving holiday sea- ket” some 30 years ago. On the advice fireworks.” Wall Street was sell, and every advance must some day nothing heavy, had bought way to collect the cash?” I asked. affecting the issue—rumors of "corrective reaction.” covery fund which was started soon son. Receipts were like of influential friends he profit,” replied rumors terminate in a King George heavy receipts Railway com- “I can’t take the he possible mergers, of possible stock divi- by Features, after the recovery of of dealers reported, not be- 200 shares of Atchison “The income tax (Copyrlsht, 1»?9, Current News expected of the The "tip”proved good plaintively. would dends, of possible increases of cash Inc ). England. w£stheimer & CO. ing until the first mon stock at 19. amount to more than I am likely to of the coming week. and shortly after the price advanced dividends, of a possible “split-up in was the young lose in any possible reaction.” the tales which market let- The season for turkey dinners above 30. So anxious explanation in shares—all Exchange churches is on, according to reports, banker to collect his profit, that he lost Herein lies the many ter writers and financial reporters gath- Members New York Stock best of the pick he ran to his broker’s office eases of the great strength of the mar- from everywhere and nowhere in ex- Exchange and hundreds of the his hat as chip high- er Members Baltimore Stock king barnyard fowls are place selliing order. ket for the “blue stocks"—the planation of spectacular advance. In- of the of the to a a buyers Members Cincinnati Stock Exchange turkeys thus In the conversation this man priced issues selling above S2OO. In- vestment trusts and other large being ordered. Most of the Later payable until profits are in Board of Trade far received were in splendid condition, told me that in 1926 he purchased come tax is not were informed of the possibilities Members Chicago the small Spring realized in cash. And, regardless of less romantic terms, and scale buying dealers reported, even fluctuations, wealthy advantage & Boyce being fat market many in- placed to take ox Stein Bros. turkeys and attractive. to profits orders were following ot Floor—Woodward Bldg. chickens, ducks and keats vestors refuse sell and take on technical reactions. A big Ground Receipts of Grimes, fair quality, 3.50a4.00; unclas- they Established ISS3 fairly heavy this morning, and the “good stocks” in which have margin speculators and floor traders also were sified, Twigs and No. 2. 2V4 accumulated paper profits. This activity in the received shipments of rabbits, Black 3.50a4.00, large was created an<j daily Telephone National 5500 dealers inches up. Black Twigs, situation gives the pool manager a high level. mostly Tennessee and Missouri. shares was maintained at a New Exchange from bushel baskets, Virginia, Staymans, “play” to an extent unknown a few was set for a fur- York Stock orders executed Forty cents was the price of the best up, 1.75a2.00, In sum, everything U S No. 1, 2* 2 inches years ago. On reactions the price of extended advance, to be followed of the rabbits., culls selling as low as :: ther for cash or accounts carried on \ mostly 2.00: 11. S No. 1.2 , theses stocks in tfeis class may "dip” 50 points by liquidation of the pool at a mag- 15 and 20 cents. 2.50; S. No. J, up, 2*25; 3 inches up, U. or more without unsettling the commit- nificent profit. conservative margin. Tomatoes Scarce. 1 Grimes, 1.50; U. S. No. I, investors, 2 ! inches up. ments of the larger and on The first part or the program went was an absence of homegrown inches up, Staymans, fine quality, there seems to be no limtt to a hitch. Early in There 2Vi up. De- advances through without BLDG., WASHINGTON, D. C. ripe tomatoes on the farmers line this 2.50: U. S. No. 1. 2’i inches the willingness of wealthy stockholders August the price of the stock was run WOODWARD morning, saying the season for 2.75; unclassified. Delicious, taking profits. When licious. 1.25; to refrain from up another 35 points. With the mar- Telephone: National 3473 them is over. • TRe: season has extended ordinary quality, 2' 4 inches up, satisfied as to the “long pull”/future ket taking all offerings, and “begging longer period this year up, 3 4 inches up, 1.75; big over a much 2> 2 inches 1.50: 2 possibilities of stocks the sharehold- for more," the time had arrived for Members YORK, Baltimore and & than heretofore, early receipts having Pennsylvania, Yorks, unclassified, 2V ers. both Insiders and outsiders, con- distribution to get. under way. NEW Washinttors F. B. KEECH COMPANY up. 1.00; pool Stock Exchanges been light and prices high. Green to- inches up. 1.25: inches tinue to “stav aboard.” no matter how Then a conference of pool members was offered this morning 2Viinches up, Grimes, have to matoes were U S. No. 1,2 Vi high prices climb.
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