Evening Star Newspaper, March 23, 1921, Page 24

u shipping i : wrprner = I ¥ i 4 i i " . FINANCIAL NOTES. LONDON, March 23.—Reductions in reight rates of 50 shillings per ton |times the receipts of all other kinds n shipments for Java anr Singapore are announced by the|quired a whole or part interest in 147 companies. The new will become operative April 4. ot THE EVENING STAR, WASHINGTON, D. C, WEDNESBAY, MARCH 23, Y32 | Receipts of motion {in the United St ported to have be: picture theaters in 1920 are re- more than four dellvery at shillings | of theaters. One corporation has ac- companies, employing more than 8,800 persons. 4 sponsible. Consider Its Price Compare It With Others When You Measure Their Quality With Essex , Men no longer accept the doctrine that higher priced cars mean correspondingly finer cars. Of special interest is a price to price measurement of the Essex against cars you have always judged in its ‘quality class. Its advantage shows surprising margins when viewed thus. Will you find any car of comparable quality and ability within hundreds of dollars of the Essex class? And doesn’t its low cost with such quality appeal to judicious buyers, whether they are considering a car slightly less in cost or have been seeking Essex quality in some much costlier car? Open Evenings This Week Reasonably Prompt Delivery Lambert-Hudson Motors Co. Salesroom Service Station 1212 Connecticut Ave. 633 Massachusetts Ave. Telephone Franklin 7700 Member Washington Autometive Trade Associstion. — LIST OF DEALERS : Phi Cox & Wistersén, Annapolis, Md. ¥. "::‘ Besrman, Belair, Md. A. W. Fooks, Salisbury, Md. Palace Garage, Westminster, Md. Smith Motor Ce., White Marsh, Md. Virginia Metor Co, Chariottesviile, Va. Hargrave & Lewis, West Peiat, Va. Hicks Meoter Co., Winchester, Va. J. M. I-r'lll. Vi In The Virginia Moter Co., Fredericksburg, V: CHICAGO, March 23.—Wheat touched the lowest price since yesterda Strained economic conditions, bearish crop reports and slackness of export| ., emand appesred to be largely re- | of Paris ca 1921 for May closing. | . - ~ | i | fp—r——— ™ It’s Cheaper To Telephone Than Travel . O you know that you can talk from Washington to Bakimore for 30 cents; that there are many cities and towns which can be reached by tele- phone at a cost of 50 cents or less? The cost is reasonable and the convenience is great. Why not use the long distance service in your business affairs? Enjoy its advantages—speed. accuracy and convenience. The station-to-station day rates from Washington to some of the principal cities and towns nearby are: $.15 .25 Baltimore ........$ Annapol Alexandria ....... Gaithersburg .. .. Laurel ........... Sandy Spring...... Camp Humphrey. .. Quantico .. Prince Frederick. . Hagerstown ....... Frederick ........ Brandywine ....... Mechanicsville ..... Braddock Heights. .. C. T. CLAGETT, Division Manager The Chesapeake & Potomac Telepnone Company TODAY’S BOND PRICES. on prices reported to The Star over direct New York-Washingtoa wire by Redmend & Co. Government &3 Atehison, tlaatic’ C Atlantic Refn ington and Quiney Ji 4. and St. Paul refd. 4%:s. 59 ChLL M and Kt Pawl cong. 415 b hcago Northwestern 75 1930. 1017 .. 67 Ch k Island and Pac. refc Chicago Union Station 61js.... 2 Delaware and Hudson Eria general lien 4s. Genersl Hlactric6s Tilinols Central 514 International Mercantile 3 Jiter. \Rapid Transit st e Nasbyille ouisyille and_ Nashvill Pennsylvania gen . my Reading geoeral 4s. 0% St. Louls and San Fran. fs, s fo. 8t. Louis and San Francisco i St Louls and San Franciscs oo prid Franciscs ine. 6. Seaboard Air Line n{:g.":: I‘n. - Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, March 23 (Special).— Potatoes—White No. 1, per 100 pounds, 1.00a1.10; cobbler, 1.00a1.10; McCor- micks, 75a85; No. 2, 40a50; sweets, per barrel, 3.50a5.50; yams, 4.00a4.50; No. 2 and culls, 2.50a3.50; beans, green. pearl and wax, per crate, 3.0086.00; beets, per bunch, 4a7. » Cabbage—Per ton, 10.00a14.00; cauli- flower, per crate, 2.50a3.00; cucumbers, per box, 7.00a8.00; celery, per crate, 2.5023.00; eggplant, per crate, 5.00a 7.00; asparagus, per dozen. 4.00a7.00; kale, per barrel.. 50a1.00; lettuce, per basket, 1.50a3.00: onions, per 100 pounds, 75a1.10; parsnips, per bushel, 1.00; peppers, per crate, 4.00a6.00. Radishes—Per _basket, 1.50a2.50 spinach, per barrel, 1.50a1.75; peas, per basket, 4.00a5.00; tomatoes, per 150a6.00; turnips, per bushel, "Abples—Per barrel, 3.50a6.50; per nxs, 1.5023.00 ; oranges, per box, 3.00a Grapefruit--Per box, 2.5024.50; tange- rines, per strap, 6.00a8.00; cranberries, per barrel, 20.00a25. strawberries, per quart, 30a65. Selling Prices at oon. Wheat — No. 2 red winter, spot, 1.65%; No. 2 red winter, garlicky, spot. 1.561; nominal; March, 1.56% nominal; May, 1.59 nominal. Wheat sales—Bag lot of nearby by sample, at 1.47 per bushel. Corn—Cob, new, yellow, 3.90a4.00 per barrel, in cargoes: contract corn, 8pot, 75% per bushel; March corn, 5% : April, 75%; track corn, yellow, No. 3 or better. 81 asked. Corn sales—None. Oats—No. 2 white, 521 per bushel asked; No. 3, 50 per bushel asked. Rye—Bag lots of nearby rye, as to quality, 150a1.60 per bushel: No. 2 western, export, spot, 1.63% per bushel. Hay—No. 1 timothy, = mnominal; standard timothy, 25.00a35.50; No. 2 timothy, 24.00224.50; No. 3 timothy, 17.60a22.00; No. 1 light clover mixed, 23.00a23.50; No. 3 light clover mixed, 19.00222.00; No. 1 clover mixed, 17.00 218.00; No. 2 clover mixed, 16.00a16.50; No. 3, 13.00216.00; No. 1 clover, 21.50 a24.! 2 clover, 16.50a29.00; No. 3, 13.0 00. Straw—No. 1, straight, 23.00; No. 2 straight rye. nominal: No. 1 tangled | rye, 17.00; No. 2 tangled rye, 16.00; No. 1 wheat, 13.00213.50; No. 2 wheat, 12.00a12.50; No. 1 oat. nominal, 15.50a 16.50; No. 2 oat, 16.00a17.00. CHICAGO, March 23.—Strength de- veloped in the wheat market today after a hesitating start. Talk of ex- port business with Greece tended somewhat to encourage bulls. It was so said that exporters pur- chased a good part of the allable supply of durum wheat at the head of the lakes. Opening prices, which|C! ranged from % decline to 3% advance, with Mare 151% and May 142% to 143%,. werc [ollowed by a moderate sag, and then iy upturns to_well above yvesterday's Cor‘n % to % _hi opening 0 % higher, includin yly at €53 to 66%, the market aef clined temporarily and then scored gains anew. Oats, which were governed action of other cereals, started 1 to % higher; May, 40% Jeakened somewhat, but Provisions were dull and irregular, :;l-n‘ to uncertainty over labor trou- Potatoes—Steady; receipts, 42 cars; ldaho russets, sacked, 2.30a2.40 cwt. Northern white, sacked and bulk, 1.00 alLl5 cwt.; Minnesota Bliss triumphs, 2.15 cwt.; early Ohios and mixed, sacked, 1.20a1.25 cwt. Subsequently, the corn P by the| B to 41, and then!gojar Refining Ce 800n ral- | Southern Fipe Line eoum Oil Co. market | Washington Ol Co. Seaboard Alr Line 8dj. Southern ref. Southern Southern Sonthern SHORT-TERM SECURITIES. (Reported by Redmond & Co.) ofter. n Tel. & Tel. 6 9Ty o Tel. & Tol el American Thread Co 85 American Tobacco ¢ 1001, American Tobaceo Co. 1008 American Tobacre C 99% Copper fa 1920 8613 Ofl Tix 1 100 u Co. Ts_183( 265 Bethlehem Steel 7u 1 %R Bethlehem Steel 7% 1923 a7t Canadian Pacific 68 1924 84 o715 90 %07, cking 281, . Gondrich Tx 20 orporation 9815 ,| H. 3. Heinz Co. 7s 1030 7Y Hocking Valley 6s 1824, a8 Kennecott Conper 7s 19800 Toh. Procter & Gamble 7s 1933. .0 1003, R. 1. Resnolds Tob. 65 1923 o78; Bears, Roebuck & Co, 7s 19! a91} ears, Roebuck & Co. 96 Sears. Roebuck & (o, 933, Sinelair Consol. Ol Houthern Railway 6s 1 Southwestern Bell Ts Swift & Co. 6= Swift & Ce Texas Co. Union Tank G Western Electric 7a 1925 Westingh'se El. & Mfz. 7s 1 b 0%, 19 99y ‘and Live Sto_c-k flattened out when wheat became de- | pressed. The close was weak, 1% to % netlower. with May 6% (o 61. ater X wheat sentiment turned I'bearish, owing largely to absence of export “call and to assertions that British government E holdings w. be sufficient for all Y British require- ments to the end of the & Prices clased heavy 114 to 1% mei ower. with March, 1.50%, and May. 1413 to 1417, R Higzh. Low. Close. 153 140 150 144 140y 141 HoEA .63 RS weoah g B T P Y % e JY K, March 23.—Flour— Easy; spring patents and Kansas stralghts, 8.15a8.50; spring _clears, 6.00a7.00; winter straights, 7.85a8.25., Other articles unchanged. LOCAL WHOLESALE MARKET. Eggs—§tri 50 sourbanStrictly fresh, per doz. 2 Live poultry—Rooste: 21; —] ers, per 1b., 21: (urIkl'y!, per 1b., 45a5: chickens, goring. ber Ib., 40a50; hens, per Ib.. s €ats, young, each, 60a7. ressed poultry — Fresh killed Spring chickens, per Ib., 42a3: hens. .. 37; roosters, 5; I per 15, sogces® % REn 1D 25: turkeya: Pork—Dressed, small ; ; , per b, 15; fl;fdlull‘l. 13al4; heavy, 10a13; live hogs, ;Live-stock—Calves, choice, per Ib.. 142 h‘; lambs, spring, choice, nz'rprh.. 23a25. Teen fruits — Apples, per bbl, 3.00a $.90; per busket, 75a2.00; western, per b:x. 3.50a4.50. California lemons, per X, 3.50a4.50. California oranges, per crate, 4.00a5.00. Florida oranges, per Tie; 400475, Grapefruit, per crate, Vegetables—Potatoes, hearb: , No. 1, er bbl., 1.75a2.25; northern, D’lr sack, DAIRY MARKET. BALTIMORE, March 23 (Special).— Poultry—Yaung chickens, alive, per pound, 30a40; dressed, 40a42: a37; dressed, 37a38. Roosters, 20 dressed. 22; winter, 213 pounds and under. 45. Ducks. per pound, 32a40; . 38a42. Turkeys. per pound, dresse. 40a53; dressed, 40a54. FPigeons, B pair, 50a55. IgEs (loss off). strictly fresh near- by. per dozen, 23; southern, 21a2l; duck eggs, 60. Butter — Creamery, fancy. per pound, 48a49; prints, 49a51: nearby creamery, 45a46; dairy prints, 20a25: rolis, per pound, 19a22; ladles, 28a30; brocess butter, '30a3l; store packed, 19, NEW YORK, March 23—Butter, firmer; receipts, 10548 packages: creamery, higher than extras, 48l:a 474 créamery, extras (92 score). 46a 4814 ; do.. firsts (88 to 91 score), 42%a current make, cking stock, No. 2, 23. Eggs, firmer: receip! Fresh gathere extra firsi 24140 1 and nearby western hennery whites, firsts to extras, 32a38; do.. hennery browns, extras, 31a82; do. mathered and mixed colors. firsts to ex- 229, ked, extra firsts, 27a27%. receipts, 1,708 boxes, ials, ate. te, whole milk, flats, held, spe +a29; do., average run, 26a27: hole milk, flats, fres) 251%; do.. average run. e COTTON MARKETS. NEW YORK, March 23.—The cotton market showed renewed firmness at the opening today, owing to the con- tinued advance in Liverpool and ra- ther more definite reports of improv- ing Manchester trade conditions. First prices were 19 to 36 points higher. and active months sold 28 to 39 points above last night's closing before the end of the first hour, with May touching 12.43 and July 12.86. Futures opened firm: May, 12.25; July, 12.75; October, 13.23; December, 13.30; January, 13.55. L1V POOL, March 23, — Cotton spot, improved demand; prices steady. Good middling, 9.02; fully middling, middling, ! low middling, 6,67 good ordinary, 642: ordinary. 4.67. Sales, 6,000 bales, including 5,400 American. Receipts, 7,000 bales, in- cluding 6,600 American. Futures closed firm: March, May, 8.16; July, 8.34; October, 8, December, 8.56; January, 8.58. NEW ORLEANS, March 23.—Prices were higher in the cotton market today, the active months gaining 30 to 31 points in the first half hour of the session. This made the price of May 11.89 cents a pound. Futures opened steady. March, 11 ay, July, 12.19 ;*October, 1 —— MONEY AND EXCHANGE. 'W YORK, March 23.—Prime mer- paper, 7%a7%: exchange terling 60-day bills and com- mercial 60-day bills on banks, 3.863; cial 60-day bills, 3.86%; de mand, 3.91; cahl»;. 3.91%. Francs, de- 5 1 mand, 6.95; ¢ 6.97. Belgian francs, demand, 7.26; cables, 7.2t Guilders, demand, 34.37; cables, 34.4 Lire. demand, 3. cables, 3.99. Marks, demand, 1.61; cables, 1.62. Greece, de- mand. 7.54. Argentine, demand, 34.00. Brazilian, demand, 14.85. Montreal 12 3-16 per cent discount. Government bonds steady. Railroad bonds Trrm. Time Joans steady; sixty days, nine- ty days, six months, 6%;a7 per cent. —_— LIBERTY BOND NOON PRICES. NEW YORK, March 23.—Prices at today: 3%s. 90.80: iirst ds, noon .5082.75; sw. B 87.16 bid: second 4s. § first 4'(s, 1. 5006007 No. 3500850, - verns, per second 4%s, $6.56; third bbL, 4.0025.00. Lettuce, I'irida, per|90.08; fourth 4is, 87.02; viatory crate, 1.5 California i. nerg let- | 97.18, and victory 4%s, '97.24. tuce,’ 4.00a4.60; celery, per .-, 1.00a —— L2e: Florida "colery.” 2.30a: '; Ro- PARIS BOURSE INACTIVE. Dor crate, Fiarias 4 cos oo ) » UnES. | pARIS, March 20—Trading was in- sinach, per bbl, 2.00a3.00.” Kale, bl. Peppers, per Tomatoes, per bo; per sack, 1.25; Der g per 3.25. 00a .25 per basket, 6. .50. Dox, 4.00a550. ~ Unions, - russels sprouts, 25a30. Cranberries, ”.0&35.00 New cabbage, per crate, 2.002 z o —_— OIL STOCKS, Quotations furnished by W. B. Hibbs & Co. Anglo-American 0il Co. (new). Atiantie Refining_Co. Borne-Scrymaer Buckeye Pipe Line heseborough Manufac Continental Oil ¢ Crescent Pipe Lise “Co. Cumberland Pipe Lin ka P Tilin Indiana Pipe Line Nations) Toaneit. Co w York Transportation Co. Northern Pipe Line Co.. Ghio Ol (- Praitie Pipe South Pena. Oil Cn. Southwest. Penn. P Standara Oil ¢ Stendard Ol Standard Ol Ce bl., N 1 i a a8, o Rom 4 9 % ctive on the bourse today. Three per cent rentes, 58 francs 10 centimes. Exchan>~ on iondon, 56 francs 26 centime:. I1... per cent loan, 83 francs 95 centimes. The dollar was quoted at 14 francs 3512 centimes. ———— FOREIGN EXCHANGE. Hibbs & Co. Quotations furaished by W. hecks, dollar valve: 95 873 y 1 May 2 Apr. 15 Apr. 13 Avr. 1 .| spindles out of 2.604 NEW ENGLAND MILLS SHOW BIG DROP IN LABOR AND OUTPUT Number Closed Down and Further Cubr- tailment Expected—Cotton Print Prices Below Cost—Situation Elsewhere. Special Dispateh to The Star. BY EDSON B. SMITH. BOSTON, March 23.—The textile situation in New England may be summed up as follows: In New Bedford the Beacon mill. making blankets, is on full time: all other mills are on part time. Tt is estimated that 30,000 looms out of 55,000 are busy, and that 1.500.000 00 are at work. ,000 compared Men at work tetal With 41.000 a* =apacity. New Bedford is the home of fine cotton goods. Its only important competitors are the English mills, whose prices are at |present higher than the domestic quotations. Fall River mills, making a lower grade of cotton goods, feel southern competition. A number of Fall River mills are closed down and further curtailment is expected in the cases of those which have been operating three to four days a week. Sales Below Cost. Standard cotton print. 3812 inches. 64-60. is actually selling below cost, being currently offered at 6% cents. compared with §12 cents in Janwary and 25 cents last April. Price of this standardized cloth was around 10 to 11 cents in 1916. Woolen £0cds have been selling Well, particular- {1y pencil stripes and _herringbones. Prices average little more than half of a year ago, however, and there is little profit for the manufacturers. In spite of the prospects of Congress putting a tariffl on wool, this commodity fafis to ]mlly in price. Retall Trade Slow. Wool prices are largely nominal and the feeling is that a firm bid might be filled at a distinct concession in price. Activity in the shoe business is mainly confined to women's spring and summer styles, which are selling well. Asare- It the demand for leather is centered those light grades used in making such shoes. ) Retail trade in Boston is practically on a par with_a year ago, although it has fallen off in most other cities in New England. British Best Buyers of Cotton—Realty Active South BY L V. SHANNON. Special Dispateh to The Star. NEW ORLEANS, March 23.—. j notabie featurc of the cotton market of late is the rapid advance at Liv- erpool, while the American market Jags. Liverpool led in the downward movement. Now. to the surprise of the trade, it is leading the upward movement. Within a little over two weeks it has climbed $10 a bale, while our market has advanced $4. The English are buying most of the cotton that has been sold recently, while American spinners and buyers are standing by. walting apparently for a further decline. This is not the first time in the history of the cot- ton trade that the English have tak- en advantage of opportunities to get bargains in raw material long before American manufacturers awakened to what was going on. Bullding Is Active. One of the best ecvidences of the healthy financial condition of New Orleans is found in the unusual ac- tivity in all classes of real estate. Leases and sales of commercial prop- erty involving very large amounts of money are being made almost daily at prices equal to. if not better, than ever before. There is giso a great amount of building of moderate and medium _priced residences going on. Within the past week contracts in- volving over a million dollars of this class of building were closed. The sawmills of this section are begin- ning to see evidences of increased fbuilding _actisities throughout the country in the growing volume of their orders. Collections from the country re- tafler are improving steadily, accord- ing to statements from local jobbers. This is another evidence of a change for the better. Trade in Philadelphia Area Is Reported to Be Improving BY FRANK D. MeLAIN, l Special Dispatch to The Star. PHILADELPHIA, March 23.—Busi- ness in this section is improving. Re- tai] trade in seasonable goods keeps brisk, but sales of luxuries have fallen off. How profitable has been the turn- over for the large department stores ||s indicated by the fact that the youngest of the five large establish- Imenu here, besides paying its regular i dend at the rate of 10 per cent per ‘ld;l‘nlum, has just declared a stock dividena of 40 per cent which calls for the distribution of $1.000.000 of new stock. urniture sales are not up to recent ll‘;:;’l‘rfl! in volume. There is a good Semand for shoes and silk goods and the few warm days gave an impetus trade generally. R Ia slow fo resume. but there are indications of improvement. . DIXIE nomical. Sport—"Fire Fly, show. 11111113 14th Roadster—comfortable, SPECIAL EXHIBIT FLYER A dependable car at a moderate price; engine magneto equipped. Touring car—roomy, smart, powerful. speedy, eco- " the sensation of the Special Touring—with California top— the coming type of car. Sedan—Iluxurious, stylish, complete. In Continuation of QOur Recent | Builders have announced that they will pay 90 cents per hour to carpen ters who are holding out for $1.12%; per hour. Brick manufacturers an nounce a reduction of 20 per cent from prices of December last, which they state will be rack Nottomn until wages are lowered Emploving printers have declared their intention of resisting the move- ment of printers to reduce hours from forty-eight to forty-four a week on May 1. asserting that they are still paying war wages and the mar- &in of profit is too small to permit of a forty-four-hour schedule. Manu facturers identified with the chambe of commerce are standing firmly fo the open shop. The strike of texti workers is still on. Slump at Shipyards. At the Cramp shipyards 4300 men are at work and the management re- &ards the strike as at an end without concessions baving been made. Em- ployment at other Delaware river shipyards includes 17.000 men at the New York Shipbullding Company. £.000 at the Sun Companmy, 5000 a Chester, making 34,300 who have ac- cepted the reduction of 10 per cent in_wages this month. This number will gradually decrease a& ships on the ways are finished, be- CAuse few new orders have been re- Hi.\;e'g;n‘:‘he. Yards at Hag lsland and n e Pus & Jones plants are entirely ldle. = . Business Notes. NBW YORK. March 23 — From every section of the country reporis come that the railroag problem con- tinues an unsettling factor in the &eneral Dbusiness situation. Wage conferences in progress east and west are being watched with keenest terest, aithough it generally is e pected that the reductions Propose: by th roads will be refused. In th meantime complaint comes from eve:s Quarter that high freight rates ar. retarding trade. PHILADELPHIA. March 23.— Mor: than usual interest is taken here i the plant democracy plan of Armour & Co., announced from Chicago. be- cause of the fact that the scheme i patterned after the onme in force i the Philadelphia Rapid Transit Com pany. Under this plan an equal num ber of employes is appointed 1 serve on a board with company of | ficials to adjust wages, hours o« work, etc. The plan has been successfull operated here for several years. NEW YORK. March 23.—The di missal here of profitcering against Armour & Co., and the bi: retail firm of Gimbel Bros. of Justice herever cases of thi character are pending. The recen decision of the United States Suprem Court, declaring the Lever act un constitutional. has made the di- missals necessary. lby representatives of the Departmen CHICAGO, March 23.—Frequent an i radical style changes as a means « stimulating trade are frowned upo: by the better merchants here. It i- said that a number of manufacturers have suggested this course as means of restoring sales to morma! They have figured that slight fluctu- atlons in style would enable women to wear their older clothes with sat- isfaction and confidence, iwhereas radical shift would compel new pur- chases all along the line. Aetnn Explosives Allied oI Colonial Tire . Columbian Emerald Columbin Sypdicate Consolidateq Copper Creseon Goid ... Daris-Daly Dominion 0il . Durast Motors Elk Basin . Ertel Oil . Eureks Croesu Totcroationst Foteams: (o nternai etroleum 3 Jerome Verde . bt Kay County Gas Mariand_Refine Slason Valiey Merritt 0il Display at the Automobile Show To accommodate a host of rcquests and on account of crowded conditions at the Auto Show our full line of “4s” and “6s” will be shown during the entire week. JACKSON A car familiar to the motor world of ves- terday and today that meeds no introduc- tion. Broadway Special—acknowledged smartest touring sport of the year. the Touring—an up-to-date model of its predecessors that made Old Hickory trade mark famous all over th Semi-Sport—a design combining the es- sential featurgs of the Sport at little more than the touring model POTOMAC SALES CO. Street N.W. Phone Main 8668 Open Until 10.30 P.M. e country. cost. || Bwite & . of Americi Swift International eat co . 8. Light and Heat pfe hited Profit Sharing. Union Carbide FOREIGN BONDS, Quotations furnished by W. B. Hibbs & Co. Prices at noon: rupp 4s. . Aniline 4 . EL Ges. 4 Meln'ger Bank some parts of Central Afiica it ul: mark of respect to turn the back upon one's superier. B o T .