Evening Star Newspaper, May 28, 1921, Page 15

‘D. C.,. SATURDAY, MAY 28, 1921—PART 2. EXPORTERS TO RECOVER UNCLAIMED SHIPMENTS |Beport Shows Profits Greatest in *~FINANCIAL. - MONOTYPE RECORDS GAIN |WHEAT TRADING MA |~ BY WILD FLUCTU CHICAGO. Ma FINANCIAL. THE EVENING STAR, WASHINGTON HEAVY PAYMENTS |Grain, Produce and Live Stock LOCAT. WHOLESALE MARKET. GRAIN AND PROVISIONS. - HOPE ADMINISTRATION SUPPORT “MAY GOFAR TOWARD RECOVERY A1y 28.—Wild fluctua- Eggs—Strictly fresh~per doz, 25: P:}fi';fl“g.'}“; May fspe(rslzss‘h”,_‘-o—; Its History. tions In the wheat market uu-hmk. 3 B = i NEW < a t lary on weather changes —— GouEheri {23, »o. |1.00; ‘cobblers. '90a1.00; "McCormicks. | Plan Liquidating Corporation to| NEW YORK, May 28—The Lanston depen e eayae Live poultry—Roosters, per Ib. 20:|75a7.00; No. 2, 40a30: new. per bb! Get Goods Lying in South Monotype Machine Company. for the | mRICH TIERL MAC of Treer Motus by T d I.t " Th- k It M 1 I turkeys per Ib. 30a3l; chickens. |1.50ad 50: oW sete: Der bbl.. 3.00a6.00; & year ended February 25. 1921 reports |ahnormal supply conditions affecting rade Interests 1n s [Mora uence| Keats younc. each, -60aTs: chickens. | Sng wax. Ber hamper. 1,25n5 55: &','?n.} CECRET L2 e L e 2 s Will R Public C fid I“E'ri'}( e oot esh-killed spring | BCF, CFate, 20024.00; beels. per Hunch.| NEW YORK. May 27.—More than|!TEest profits in the history of the /%, advaniage, and as & result i sed poultry—Fresh-! SPFING | 527, as) 3 o0z.." 3.00a4.50. | : { company. report says the earn- \wheat.prices this morning. compare 1 estore Public Gonhdence. Bankers Say Total Will Be fchickine’ per'iby snucs; nens. per Ib: | *Cavbage. por crate. 1. 55as0h; cues, | 300 exborters authorized appointment | OTPANY: The report says the carn: wheat prices this morning. compared = & Jlgr t{'ie;( 1b., .zi turkeys, ?:r per box. zif:?a,on, egzplant, per crate, ’n! a committee to plan organization | pront on any single unit. rbul'lhelrw higher, with corn up 2% to 43§ cents 2 < < i = 5a38; chickens, winter. per Ib., | 2504 e. Der bu., 40a60: peas, | i to take | Kult of increased volume of sales. U'n- . . “aats up 2 to 2% cents Endlng Buyers Stnke. Lessened by Special De 50260, Ser. basket, " 1.25a2.35: penpara. | pet| oy > llauidating corporation h - of | leXs unusual conditions arise the com- | 1% ,”‘,,,.::.';"fm:':,",f" om0 M 2 _ Pork—Dressed, small, per Ib.. 15:|crate. 2.0043.50; spring onions, per 100 2ver, millions of dolars’ Worth Ofp.ny expects that business for 1921 |ciine'to 5 advance. posits—Retail Trade. medium, 13al4 . heavy, H0a1d: "“,’e;_ b |Runehes SR spitach iper b S0 () imed ink South American ports de- Tl be op st tactory polnme = Wheat climbed rapidly most of the e - & ve ‘stock—Calves, cholce, .0 | 755 ra ) unches, 1.30a 2 or disturbances, it is pointe . | time during the first part of the week, Probably the most encouraging | motwithstanding, and predicts that % NG 11: lambs, choice. per Ib.. 13a14. 350:" Thubarb, "per 100 Dunches, 4504 gause of exchange adverse to the | pof GiEtatoances 1 18 PORG QUL | time during the Arat part of the week, pliase of the business outlook inithe | [1e_RECkCqouD qetmand for cars will St o Green fruits—Apples, per bbl.. 3.00a | “Speaiters declared that more than|UPoR the settlement of these it Is|moisture arousing apprehension, field Tnited States is the fact that Presi-| JGon aa the makers again gain the| TaX moncy is belng withdrawn from | 10.00; western, per box, 3.50ai.50.1 ‘Tomatoen, ger crate, 1.00a4.00; ap- 1 SPeakers Heciared that more (anlexpected tnere will be a greater de- | experts meanwhile sending crop dam- e ol zro- oSk s e o anges, 3 .00. 3 .00 5 ors or- X 5 ansas, # work trying to find some solution for | 7 (PEUGY (GJmpany, with branches |T¢2lLY assessments have to be cared for | Grapefruit, per crate, 5.0046.50. Straw- |fruit, pér bo%, 5.0045.50; ‘oranges. per ‘vavtc, 1M, exposure and OUMeTiine ‘United States movernment was |The Kunsas yield, for example was ine present-day difficulties. They re-{in several important Michigan cities, | during May. if penalty is to be avoided. |berries, 15a28 per quart. 43 box. }.5'::*:- .o, in other South American ports, they ||‘r‘|.||l,\' «d:uxh-;!l‘ .;m s ‘l"’aih‘e cl;:f pictured as having shrunk 35,000,000 ‘lize and appreciate the fact that no | state that business with them 18| These payments will total not far Fele:!f!mk;lgz;'om:’::ih:::rb,fl'r‘\s;l' AL F:;‘J__"l‘l“flo"a‘&o_l;':;p_ said, while European merchants wgre‘;l‘;l;""’ ut = ematlipros ?:;:::“m:r;‘m;:;‘x:" government gnere act of legislation, no cxecutive | Funning about 70 per cent of a':.'fi!'"’"‘ 99.000.000. with no redeposit for | 1.50a2.233; new southern potatoes, per berries. per pint, 15; cherries, Per fmt buiners 1ost dorins the wa o " Meanwhile the United States visible Prder, no stroke of pdlitical leger- | been increasingly £ood, with no | lemporary employment in the District, |BbL, 400:5.00; sweet potatoes, per bb.. |quart, 10a25; watermelons, each. 908 '"Fho mecting was calied by (he Ar- SUGAR SURPLUS LARGER. |XuPpiy total dronned to below 10.000.- MYlemain can bring about the desired |signs of abatement now, and that!as was the case before the demands on fi\:h 1, 5.00a7.00; yams, per’ bbl 5-30‘ {1.00. gentine-American Chamber of Com- > 5 |°"0 bulhtls"nnd the ‘u‘}’fk ot wheat in fesults overn: but thex are de- | the level of their salex is still above , the Treasury were so pressing as they | 500 Leftuce, nearby, per crate 1.004 Cloaing Priec: {meree, in conjunction with the Bra-| NEW YORK. May 28-—-A much Chicago ot oy RRrkiee iermined insofac as government | that for 1919. et s DL e S Wheat—No. 2 red winter, spot, 1.65; | zillan-American Chambem of Com- !larger proportion of Cuban < -of - : iStance she i - ce, 1.2522.50. s, per crate, | Ml b merce. American Manufacturers’ Ex- |coming into th's country than last|:gainst May shorts. On the other & Tan help business that assistance shall irplane Prospects Elate. K Ba S mbling B, | No. 2 red winter, garlicky, spot, 1. e. can Ex- | y n e | e at ba tc is the |Florida, 1.50a2.50. Spinach, per bb 0. 2 rec i > : Pan: an |vear, says the Federal Sugar Refin- |hand. bears had an inninz toward the f"."."“"“‘* e ch an- | But the (hing that helps to paint | ON% (W76 that bankers mote s the 3 iy MEehd ™y 0000 er vhi, pep: | May. i, T i 2 R A e s irs iy The o lend ar The leweh: kwine o Dibeent President Harding was much 2% |the picture a little more rosy this | fact that many pepple have made & Ders, basket. 1.50a2.80, Morth. Carolipa alesE00RIbushels SotiiNo §551 The delegates were told that the |pany's reporis and calculations indi- |shipments being headed to Chicaxo T ihe Meck (hat R would TAKS oeca | Week are the prospects for bringing | cial deposits to care for thelr tax pay. {peas. 1.80a3.00. Texas onlons, 2.00a2.25. | WIntcr, sbot, at 169 per bushel; 2.52: 1 The delogaton were told tnat the pany's reporis and salowlsons Indlc | srnments Poige peafel to Cheare I e Ot T betepar | millions of, doilars here for develop- |ments, and this may have the offect of | New cabbage, por crate, 1502225, Cu- N0 iscd)minters BDot AL Aires would be sold at auction by the {nearcr 2,000,000 tons than its pre- |cause of timely general ratns. Vio- The retail dealer for an allexed main- {ment_of tie acroplane and the an- |rciucing the withdrawals somewbat, | cumbers, .00, Terplant, per E i Winter ebot, qelvers by June Arientine government If It were mot |vious estimate of 1386000 tons. lent breaks in exchange rates on = > i ces. TI >resident | houncemeat that the inland water- ernment. deposits are being o 3 'omatoes, per X, | i L3 3 & " v Only 67.536 tons of refined sugar|Europe tended also to weaken values. o oCsach Iatention. it seeme. and s ©-avs commiftee of the Detroit Board | pletcd with great rapidity; indeed, bank- North Carolina asparagus, |10 at 1.67% per ‘bu.: 1.216 bu, or disposed of within a few months. Fe. cxported from_ this country in| Unusually active shipping demand [noj sCHtneentlon: Ferences (- Comrierca had approved the con- | ¢Ts cannot count on being allowed 1o re- 30400, nearby . per doz, | No. 3 red winter, garlicky, spot, at, e e T e i (o e eretary Tloover with the leading | siraction in Detroft of a modern grain jiSaingurocecaif fcertincatelemi 2Rmess & i § T maricke: Cepos, " 13 me? MOVEMENTS OF STOCKS compared with 247,939 tons In the | strength to corn and oats, despite big s ary H g | Stz o in Detr a N BT [ithian i fewduys cinter, ga v, spot, 37 pel 5 2 M tail interests of the country brought , dirvator with T ener et 1eir | ""With June 15 near at hand, deposits = bu.; baglot of nearby by sample, at | same period last vear. To May 21|receipts of corn. SR bout @ feeling that all of the better | 357000 bush: s, and which will ulti- | 3 asits DAIRY MARKETS. bus baglot | CONFUSING, CONFLICTING |this_vear other countrics than the| In the provision market. slackened retailers were making or had made ! 7.600,000 bushels. e Amo i o= decrces | manTIMORE, afay 38 epecal) | "SR D L e awoper) B United States received only 1%4.103|call for meats, together with down- icrifices in_proportion to the whole- ity of the project is e second ins k N | Chickens—Alive, Springers. 4055 | , Corn=Cob. new, ot.! NEW YORK. May 28— tons of sugar from Cuba, compared |turns in the value of hogs, acted as a ders in order to brinx about a level 4 Dy testimony of shipping | come and excess profits taxes will then | ChiS = sprd ! ibarrel in cargoes; contract corn, spot,{ NE . May 28.—The ebb and | 1008 of susa SRyl s ad e el e I L e o | cran-zoing steamers re- | be due and the semi-annual interest |White leghorn. 40a45; New orkyoungy May, 16: No! 4, 13; track’ corn, flow of quotations on the stock ex-|¥ith €77.236 tons up e il e r i priCES Mox: S atn’ Sioen RN | auire griin carzoes for ballast, not- [on the lberty bonds of the first issuc [FOOSters, 40a4i: old hens. 32a33: oMiyeilow: No. 3 or beiter. 77 per bu. 'lchange this week reflected the con- |1ast year. There is a feeling in administration | withstanc the carrying of miscel- |and of subscquent issues into which ‘l";"‘;:f“': ,,"‘ 'p;l‘,; o Ducks, 23ad e les: 2,000 b;,fi o{, N w 2, ‘s&ol,d:t ?:umjlandfm:gml"!ns: c‘:n;ilglrans tsx'u{ ircles that deflation has be.n force: | laneous freishi, and thus grain_ from | they were converted. Millions of cer- | I'ipeons, per 0.0 ¥ per bu.: 356 bu. of white de- prevailing in the financial, industria Sfifar as is neccsmary. wnd.thac | lowa, Indiana and Ohio and Michigan | tificates lssued in nrl;li\‘umliun ot in- d:fw:;‘:f:‘:g:lryzm tresh mlrbmwn(-;:;;t “!o"»“';"h?fl: SR S 5 il"ac"’?:';":";‘;ht‘o"},f!k;"- e ‘. o so furth is ed to be handied here for > and excess profits taxes will ma- shiad iz - .| Oats—No. 2" white, 50a50%; No. 3 y ros 7% per cen all, ':\lm(:l‘:lddibreec?iaunfcr'l,"lll?sm o e lncmnm;::i;‘m:nzb:s soon as the st.lf:;':m et L niae all | ‘[’“‘:"'x—n({g{\m" Saney b ;;J white, 49a491;. the highest rate in several months, with the contention of manuiacturers | Lawrence waterway is completed. probability, mark the period for the|Prints. 80a32; nearby creamery, Rye—Bag lots of ncarby rye, as to |due primarily to additional govern , he est o t e ears and merchants that present prices on | first fissue of short term, probably [ladles. 20a22; rolls, 16a20; store pack-! quality, 1.20a1.30 per bushel; No. 2 imental withdrawals. Leading indus. At present prfcemon) LPHIA, May 28.—To what | (niee 'Wen® 00 SMU (he Treasury, it | ¢4 14ai5: dairy prints, 18a20; process western export, spot, 1.64 per bushel: | tries disclosed further enrtaiiment of | reached a polut below vwiich taey can- | is th: common prejudice | {he machinery therefor is ready. butter, 24a23. No. 3. 1.61 per bushel. production and more dividend read- not go except in infinitesimal frac- low-priced or “cheap” g00dS| " A|| signs certainly point to con-| NEW YORK, Muy 28.—Butter—| Hay—No. 1 timothy, nominal; stand- justments were announced. i i . 5 fions. Luxuries, novelics ond tne back the marking down of i inyeq high rates for money despite {Steady; receipts, 13.649 tubs. Cream-|ard timoihy, 23.004 : No. 2 (e The encouraging side of the market Short periods of financial acrobatics attract like still are commanding high price prices in the better quality | ne fact.that there seems to be hun-|ery. higher than extras. 291.a30; extra thy, 22.00a. No. 3 timothy, 14.502 | was presented by the rails. several of | % but the markets should not be judged This is a phase of the busi- | Jreq ‘et "millions. available for the score). 29: Mrsts (88 to 91 soore). . 19.00: No. 1 Vit clover mixed. 20.00a | the more important eystems showing | many into speculative investment. The average + Dby these i mess situation which is recelVing at- | yovirament at the golng raies for % packing stock. current’ make | 22.205 Xo. 2 lght clover mixcd, 16004 | substantial” reduction "ol operating any s ; = i tention. s no doubt that a;Sove'! ! No. 2, tate dairy, finest, 27%a28%. | 19.00: No. cd. 18 .00; | costs, w nsequent gains in ne e - e wr Auiel rade) Fage _-;.r':eonl;nss?;:\frc:n;rs are suspicious | SUch security. il ;’,.—g:_‘fir:ne ecote 20 19*:,\_.1,, i No. 2 clover mixed, 14.00217.00; No. 3, | carnings. i H of the years, however, evens out the peaks and The SupPOrt thie administration an-{'ef ansthing that sells at & reAsonable Retall Sales’ Value. Fresh gathered extra first, 37a28; first, | 11.00a13.00; No. 1 clover, 15.00a16.0 Violent reactions in the market for R Litisi - Onv: Eirst | Morteare rarently is preparcd Lo i 10 busi-ifgyre. - Illustrating this point. the| The Federal Reserve 234263 state, Pennsylvania and near- | No. 2 clover. 12.00a13.00; 'No. 3, 10.00a | international remittances. especialls valleys of speculation. st Mortgag: ness of the country throuish iis moral|giory 'js told of a hosiery manufac- | York, in its monthly rev by ‘western hennery white. first to:11:50; sample hay, 13.00a14.00. _ [the British rate. implicd that G 5 . it o 1 e {nfluence may so ‘fi‘d" Calses: axsimiuch and business conditions, extra, 30a37; do., brown, extra, 33a34;! Straw--No. 1 nominal; No. 1 straight many's acccptance of the reparations Notes on improved Washington real estate have onfidenc needed public ing to an end the buyer: began more than a ye svhich only recently has ¢ thus orin rye, nominal; No. 1 tangled rye, 17.00; e wh No. 2 tangled rye, 15.00; No. 1 wheat 13.00213.50; No. 2 wheat, 1 say of the retail business with espe- cial reference to reports from forty- two department stores: ern city identified in a store window Stockings on display from his own He was interested in the price, terms was only a temporary or sen- timental factor in that quarter. Indications point to the successful do., gathered brown and mixed colors, firsts to extra, 25a30; storage packed, extra firs| . first, 27a28 ‘lurer who, while visiting a large east been proved absolutely safe by a flawless record mill. 3 - IOWR SIBNS| which was $2.50 a pair. The stock-i “Sales of stores located in New| ‘(heese—! * receipts, = 5,331 No. 1 oat. nominal, 15.00a18. flotation of the new French govern- of 52 vears. R st four|ing cost the retailer less than $11 a|York city and Brooklyn were 28 Derihoxes. State whole milk flats, spe-; 0at, 16.00a17.00. ; ing, | ment Toan. but the attitude of the | - henrs indicate that a 1o 0f aon.idozen. including freight. A person cent below those of last vear, but|eials fresh, 15a16%: do. average run,| CHICAGO, May 28.—Scant tradin | Washinaton administration respect- | fidence in automobile pric “.ffect. | in authority in the store admitted to|elsewhere. in this district they were|14a415; state, whole milk twins, spe- | with rather nervous price fluctuatio =il jinglanalion siffundostsicianz sl yions: fd H C snz the trade in that indu- = the manufacturer that the price was er cent greater. RN cials, 15a16; do., average run, 14al15. |in some options. maricd the in m‘_( bankers n}n? ‘tux e some revision ol artze 2 eem cnsey 0. Retailers are complaininz the | rather steep. “But.” he said. “if we The number of transactions in.| Poultry—Live, not quoted. Dressed,|stzgos of the board of trade markets Eetont e sHin A Lo N S manufacturers are not :i. ‘them | offered the stockings for less the wom- ed 156 per cent, indicaling that | steady and unchansed J y g R o=t oo igha b exjtcos: SRepn, - 5th S N.W the necessary assuranccs i guaran- | €n weuldn't buy them. A fair or low [the volume of merchandisc sold con-| CHICAGO, May 20.—Butter—Higher attentiany ceniered o litinuce) tofeng e thciat ntioniotiing 727 15th Street N.W. fies which would jusify ¢ fn pinc. | price makes them suspicious, and they | tinues fo be much larger (han lastlcreamory. extras, 2333; firsts, 25a26% R taried 34 to % higher, | dustrial cxecutivex. hut exixting waze > ing large orders. This condition mav [ jump to the canclusion that the hose {year.| The' sverage amount of cach tnndends 2 R e O T s O e e S e e e Washington, D. C £oon be remedied. howover. and if it |are not first-class.” [aale o n.‘{‘é’;‘n"?fiis from "l'“l"*l"‘; e i Eggs—Unchanged; recelpts, 23,40 .nu-n:ummx{.(-:’.‘?;.: e u;:;..r:s:‘cr’;; ineitutheridonnsand e ! . 1, S iterrunded : - about 4.200. c © | cases. a clling for « {of bas 5 o3t O B e e Yarman may | CHICAGO. May 28.—Chicago depart | stores"that keep such records. fell | “Poliiry—alive; unchanged. brougnt the price down| The Nation’s Home Town cceea ment stores recently have charzed off | from $3.68 in April, 1920, to $3.24 in la near the opening. Trade in ALASKA R.R. CAN CONTINUE jan aggregate of more than $100.000 1 April, 1921, a decline of 12 per cent., UHICAGO LIVE STOCK MARKKT. |May was very light. The first trans- S N, H Exices Sic SGSculns {in purchases fraudulently charged to!This decline is probably considerably | - (S MR SIS T RS | EE, s ATV VRN Y, Mower., at | R Prices are stiffening in many lines' their regular customers. The result|less than the average decline in price B e o i i e rone Mo varlous hasibeenfajstarplitestictlonioficon=) oienafdgticlesisold | & T ampared with week ago Beelor | 15 Dt the markel at 167, which was [Bond Issue Granted to Finish Lmei centers indicate. and this particu- | gitions gove-1ing the carrying out by ! «Thé dollar value of sales by ap- e ol 0 lower; butcher [around yestcrday's close. 5 i Tarly true of cotton goods like musiin, | the ‘purchascs of charged £00ds, fOr | parel depattments continue (o (e e R e i e Bt choo Opening Coal Fields. ot Lo - MaInsooks, FIC eseW Drices of theseinever before in their history have the | pass these of last year in spitc of the | (aners und cutters, 30 to 75 lower: | affccted corn for a time. but this was| Arharity i< born amnted to the ing Institutions in Washingtom goods show increases over those last|stores been so swindled as during the | reductions in price, but sales of house- | panners ant cutters, 83 1o 10 1QWET: [ en et eq bort Or L o ouse sclling. | Alaska Anthracite Railroad Compansy « announced January Kx The number of few months. tted goods |last unchunzged, at!by the Interstate Commerce Commi virtual tan opined | furnishings are falling somewhat be et i $ hin ers, 2 : i b R #iso show a gratifying stability. 1 laints regarding things charged!hind. ‘Merchants attribute this tend-|© —Receipts, 3,000; fairly active, 641 to 643%, and hung around thatsion to issue and scll $1.500,000 first | *In men's clothing the new fall prices ' on apcounts by others than their own {ency .to the :limited construction orIyl:,’,',’l‘?',,“;{"h’,’:;”g o EIy Y ORRIE e (e ar e itntumber wits ficmer: Nthc | Imorteaxes bonds tati morileraiihan 9 | The Largest Savings Department of Any 3 Department stores g i rict ight; top. 0: tulk, 7.50a7.80; pigs.|to I e. R . slighily increased fizurcs over those reportinz increased sales. | ocks held by department stores o 15 iower: bulk, desirable bigs, Oats fellowed corn. July showing a during ihe wae after about twenty- | Open Saturday 5:30 P.M. to 8 P.M -5 i uits, nerease per .cent between A 7.4047.65, start ol to 41%, v e 2 Ha Bt R and overcoat prices are down from $10! CHICAGO, May 28.—A slow Dbuti ng gy 1 because of the receipt of | '“spdit” peccipts, 7.000; receipts to- |” Provisions were firmer, but dull. {1t is proposed to complcte the line - 1o §15 a suit from the prices for last steady increase in business is shown | fall. The belief exists tiat the fall !prices in men’s clothing are stable. Crop Reports Encouraging. | Reports from the agricultura] dis-| % tricts are very encouraging. There is to be an early wheat crop in the wouthwest. 1t is believed that the otton acreage to be reported by the government June 1 will show a much | desired decrease from last vear. In the northwest the grain crops are| booming ahead under the most favor- able circumstances in years. Govern- ment aid in moving the held-over stocks from last year and in financing the export of a iarge share of this year's crop is expected as a result| o6f the financial conferences heid here the past week, 1 Western bankers soon are to be called into confersnce with Secre- taries Mellon and Hoover and further plans will be discussed for aiding the export corporations recently formed. Atlanta Area Reports Great Spurt in Buyin BY RALPH SMITH. | Epeetal Dispatch to The Star. i ATLANTA, @a., Mav 28.-—Walter . | Barnwell, president of the southern :of the market, and expressed the opinion | ishings di- : that the out'ook for a strong recovery is ! wholesale notions and fur Yision of the S G00ds Assol outhern Wholesale Dry declar:s that the : warm weather ... proved the greai- ' est stimulant to business that has | been experienced in the last three ! months. Reports from sections of the south. east, he declares, indicate that the | jobbers are more-than pleased with ; the well sustained demand from coun- Wy merchants. ! < What Mr. Barnwell says of the! mholesale business is true also of : *he retail trade. The current week | is one of the most active local retail | merchants have enjoved since the first of the vear. Country " Dem: Quickened. ! ‘“The spring trade in dry goods and notions was neld back by the weath- or. said Mr. Barnwell “Traveling | #alesmen in ail sections of the south- sast were discouraged by the lack of demand. but with the warm weather 8f the last week there has come a tremendous lot of buying i Country merchants who have been out of the market for months are wir- ing and mailing in orders for sub- stantial quantitics of summer goods. and they give us the information that the public is giving them generous patronage. 3 Collections Impro: i “ Collections, Mr. Barnwell save. have, tmproved wonderfully within the past . few weeks. and many old accounts are | being liquidated. This. he remarks. ! i=_especially true of the peach belt,, where the carly crop has begun to| move. | The early peach cron has justified the hopes of the orchardmen as to! suantity and quality. 't is as plenti- | 1 as they expected and the fru't is e best that has been produced in many vears. The cuality is highly important to the financial success of | the crop, since it may be shipped by | freight or express with the chances of decay reduced to a minimum. «iimination of the possibility of loss | from such a cause is regarded by | ®1ippers a most encourazing feature. | Unexpected Price Cuts ' Put Auto Men Up Stump BY PHIL S. HANNA. ecial Dispate DETROIT, 1imidity or actual ces is not clear. but the rent in the being rescrv. yiants and the tie only automob here who are do the sam s A. B 25er of lansing, says of this week u #n production Whether from plo: s Stud volume Hardy that Wednesda departments ar, and that gh th moor 1 back om- any has orders for 10060 ¢ to be ade up durirg June, July and Au- £ust. One of the most prominent «itributers of motor care, who has activ, connected with the 1903 > of orders is noi a of decreased demand on the part of the buying public. but hax come from the dealers who do not know where they are, because of so many unexpected price cuts, : Price Jinx Nothers. Another dealer, who refused to b auote ys that he could sell 1 cars within ten days if only the price nx could be downed, but that he is unwilling to buy cars on a quantity Yisis so long as the manufacturers keep him guessing. This man. howcver is an optimist, ! the crude rubber market this week | Aamodt, and the result was a large | DIVIDENDS DECLARED. ation of orders | 1,5 1 yment cur- | lo industry fs | order houses. which nevertheless 2re still saddled with huge inventories. Whereas business ith the largest of these houses dur- ing the first four months of the year ran in dollar values only about 62 per cent of the returns of a year ago. the May sales are said to be on a 75 per cent basis. Considering_the great deflation in prices since May. 1920, the unit business of the mail order houses is believed to compare very favorably now with last year and provides reason for an optimistic outlook. NEW YORK. May 28.—The local raw silk market is stiffening. by the mail activity of primary markets in Japan and China indicate further advances here unless the rise in those markets is checked. The hosfery trade con- tinues as the largest buyer in the local trade. Ofterings of ribbed smoked sheets in hve oecn bid at prices which leading rubger- men believe to be the lowest in the tory of the trade. Each day has shown ccline, the latest quotes on spots a being 143 cents.- Rubbermen are un iab'e 10 account for the present condition anything but favorable. NEW YORK, May 25.—The dollar value of retail sales in the metro- olitan district during April of this vear were but one-half of 1 per cent o revised figures of the federal serve agent in this city. With 30 to 40 per cent reductions in prices prev: ing it will be seen that the unit siles have shown a big Increase over last year. CHICAGO, May 2s.—An interesting comparison has been made of the fall prices of the clothing manufacturers in this city as compared with the spring prices of this ycar and the fall ces of a vear ago. Thirteen of the largest manufacturers are included in the comparison. On the better ciass of suits the reductions from the =pring are but cht. while in soie cascx there are actual increases. The increases are explained by the fact that heavier woolens are em ployed in the fall and winter gar- ments. Throuzhout the list the whole- sale price of suits at the factory shows declines of $15 to $20 from st fall. Overcoats show a propor- nate drop. Some leading houses ave declined to give out their open- ing prices for publication. YEAR’S POTATO SLUMP. CHICAGO, May 25.—Potato prices have dropped 90 per cent in one year, A. W. Aamodt. munager of the Minne- sota Potato Exchange, told Michigan, Minnesota and North Dakota potato growers. I'otatoes of the 1919 crop sold las year for $5.35 a_hundred pounds, he said, w ing $0 to 90 cents a hund High freight rates la od. year led The ! 8TOWers to withhold their potatoes | hetween the market, according to Mr. surplus this season. July Juiy 1 Juge 30 Buf. & Su June 30 1.7 5 July 1 . y : S LT Carpide &7 : e S June 8 July 1 June 13 Juse 20 June 15 June 30 MONEY AN W YORK, 2%.—Prime mer- cantile paper. 63 exchange, firm. | | Steriing—Sixty-duy and commercial | zixty-day bills on bank 3.5 com- mercial ixty-day bills, 3.84% de- rnd, 3.39% cables, 3901, Fran - fn, 1d, franes—1 i cahl 836, Belgian cables, $.35. blex, 34.75. ables, 528, Lirc—Demand, ! Marks—Demand. cables, 1.61 Greece—Demand, 5. Sweden—De- mand, :3.08. Norway—Demand. 15.30, {Arzentina—! and, 33.00. Brazi! | Demand. 13.37. Montreal, 11 per cent | discount. X ATIONS. NEW Bar silver— Dom gn, 58%. Mexican doNa; LONDON, ar silver, 34d per ounce. Mo; T cent. Discouat rat: 't bills, % per cent; three-month bills, 513-16a5% per cent. below those of April, 1920. according | re- ile the 1920 crop is now bring- | {the usual ‘shipments of merchandise |at this season of the year. |continue to buy cautiously, but are | placing fairly large ordcrs for their | fall requirements, especially in those lines in which they believe prices { have approached stabilization.” i Rafiroad Betterment. | There hzs been considcrable en- couragement in the rcports of eari ings of the. railroads ior the month of April. The comparison with April. 11920, unfortunately made /ings appear much better than they’ {really were, for the reason that _in net are accompli from increased business as from the effective enforcement of Retailers ! the earn- | | 2 | sion yesterd !year ago the switchmen's strike was | Railway Company to maintain passen- Beral ion and trafic was seriously interfered | ger farcs rice | i with. advances are small, but the continued | Another fact that stands out in a!Atlanta, Ga.. inclusive, i study.of the reports is that the gains:3.6 ccnts per mile for the actual dis- hed not so much | tance economics | company to continue fares hetween {I. C. C. Authorizes Maintenance of | old, duil; receipts, 73 cars: orn whites, sacked and bull hundredweight; new, stead day mostly packers direct; compared with week axo aged lambs and vear- lings, 30 to 1.25 lower: spring lambs. | 1.75 to 2.50 lower; sheep, 2.00 to 3.00 | Texas triumphs, 2.00a2.40 hundred- lower. weight; Lou A long white, 1.75a 1.96” hundredweizht; Texas cobblers, 35 hundredweight; South ¢ar- 5.50 barrel. trades for the double nth ¢nd dominated the wheat market. In thc last hour there was a raliy May, and it closed at 1.69%. which was 212 to 2% net higher. July closed % to % net high er.-at L5 to 1283 Corn was generally wheat,. May closing % cents, net gain for the Scssion of one-half cent. July ended % to % net higher at €5 to 63%. SOUTHERN FARE ‘ORDER. Evening up I holiday and o Certain Rates. ate Commerce Commis- y authorized the Southern The Inter: between stations on its from Washington to on a basis of main line traversed. WHEAT !I::-Io The commission also authorized the | May 10 ) July i Com: pat may have to be paid for later on | the stations on its lncs and points: g,y 81y w i?fl",.d'f}:a rcplacemer?l and mainte- | basing thereon on the one hand and |Septe 661, 60% {nance points on branch lines of the Southern ) o o {"“Cnion_Pacific. Pennsyivania, New ! on ihe other also from. to und be. fuly o v s ! made g00d gaing tn nct on small gro. Tetterment. while Southern Pacific howed an excellent net and Sross sa:p. — BURLESON SEES GERMAN | STRIVING TO PAY DEBTS .Only Good Will ‘Observed by For- mer Postmaster General H on Trip. By the Associated Press. 1 BERLIN, May 26.—Albert S. Burle- 1 @on, former United States Postmuster ! General, who for several weeks has becn investigating the possibilitice of tie cotton markel in Germany, start- ed for Viennu today Later he will visit the S on cotion mill districts and then return to serlin. While in Berlin Mr. Burleson met Chancellor Joseph Wirth and other members of the cabinet, manufactur rs and economic experts. He said he | was convinced that Cincellor Wirs! woula do his best to live up to th reparations conditions. While Mr. Purleson was hopeful that considerable amounts of Amer can cotton could be 'd in Germany in the near future, he xaid tac inab lity of German manufacturers to find 2 ‘market for more than the normal output because of the re- duccd buying power of 200,000,000 consumers in ccntral Europe made the situs fMicut {WOULD CLOSE OIL WELLS. | Attorney General Daugherty Asks | Court to Halt Work in Suit. Attorney ( neral Dauzherty recom- nded to the Supreme Court yesterd: that it instruct Federal Receiver D j lano. in rze of the Red river oil {lands favo'ved in the original suit Texws and Oklahoma, to ! stop further driiing of wells, except where required to hold leascs, until the oll market recovers. “The rapid_decline the price of joutiock since the date of the order junder which the receiver is act- tingz. ¢ ¢ ¢ 1t should follow, of | course. that the receivers' organiza- tion should be=further reduced so as to retain only a personncl suf- { ticient to operate economically the | wells now producing, dispose of the | products and care for the property.” OUTLOOK FOR WHEAT. CHICAGO, May 28.—The Modern | Miller <avs: “Dry weathcr caused fur- ther deterioration to winter wheat in sections of Kunsas and N 4 | Where plant had been weakened by | freczing tempcratures in April. Re- {licf was obtained by showers. In Oklahoma the outlook is better. The general condition of the crop in the soft wheat £tates remains good. The cndition of sprinz wheat is excellent. U'nder favorable weather conditions progress has been rapid and early maturity s Indicated. HOGS LOWEST IN YEARS. CHICAGO, May 28.—Hogs sold here at their lowest prices in more than five years. “The top price for the best swine was #7.90 a hundred pounds on the foot. azainst $8.25 on Wednesday. Other classes of hogs suffered de- clines of 35 cents or more a hundred. Yestqrday's high mark was $1.19 low- er than (hat of a week ago. {oil from £330 to $150 per barrcl. {and the tailure of salarics and wages {to promptly adjust themselves tof that deeline,” the government motion id, “have materially changed the York Central and Baltimore and Ohlo | tween points beyond Wash ng: | | 1 H per cent nl' 122 Southern and Western Men — Atlanta, via tre main route of l'v?l Southern from Washington to Atlanta | thout obrerving the azgrigate of intermediates provision of the fourth ! CANADA TALKS REPRISALS. scetion of the Interstate Commerce r ¥ ludes It provided, however, that |m|Em"°°"°y Tariff Law Exclud present fares to, from and between! $175,000,000 in Commodities. Washington and Atlanta and statjons | on the lines of the Southern beyond : Specitl Dispatch to The Star. these cities shall not be increased. | OTTAWA, Ontario, The authority granted by the com-|ssze of the cmergency mission will e¢xpire as to interdivision ; Washington cr. esg concern in oili- fares August 1, 1921, and as to joint|cial and political circles h The fares October 1. bil! imposes a tarift which prictleally In its decision the commission an-|cxcludes commoditics of which Can- nounced it does not thereby approve |ada last year cxported to the United +ny fares that may be maintained under | States no less than $175,000,000 worlh, tne authority granted. In some auarters there is talk —_— Ireprisals, but In view of the fact that ROADS BILL INDORSED. 1Canadi .5 10 a larie cxtent depenaent !upon the United States for its coal, North Carolina and Maryland Men fand also of the further fact that the | New York market has been found a Approve Big Measure, Townsend $200.000,000 May 27.—Pa tarift bill a {¢onvenient place of late to borrow an {ocasional few miilions that are badly irequired, 3uch talk is not taken too he ! seriously. Maryland. 1. B. Cameron of the North Caro- commission, told the Scnate post office and roads committee that he favored the pl 4 for a separate high- way commisiiv.., as proposed by the Townsend bill, believing that high- way matters should be taken from the jurisdiction of the Department of Agriculture and placed with a sepu- rate government agency. He con- tended gencrally that the quastion of state rights in selecting highways for Improvement should be observed. but said the government should have the right to designate highways on | which its money should be spent. I Phillip B. Perlman, secretary of state of Maryland, alfo indorsing the Townsend bill generally, sugzested amendments which might. he ®aid, nullify the $£28,000,000 spent by Mary. land in building 1,700 miles of im. proved roads. The federal commi sion. he said, should not have power to require specitic road widths under penalty of refusing all federal aid. Motor vehicle license fees, Mr. Perl- man sald, were more than ample to maintain existing Maryland roads at an _expenditure annually of about $1.000 per mile. SENATORS TO AID BILLS. of the new American schedules. HOLIDAY ON 'CHANGES. NEW YORK, May 28.—Today is holiday on the stock, cotton, metai produce and coffce and sugar ex changes herc. All local markets wil: be closed Monday. LA/ LI LA LL LI AL AL L1 1A 27 1127007 2702720 27077 Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York Washington Office COLORADO BUILDING Telephone Main 1603 Give-up business invited Form Agricultural “Bloc.” A series of measurcs pending before Congress has been unanimously in- | dorsed by twenty-two members of the Senate from southern and western states, who have organized an agriculs tural “bloc.” | Among the bills to which support wn.n' e 27 picdged ‘were those for freeing. associa- tions of agricultural producers from re- strictions of anti-trust laws in market- | ing their products, for rezulating grain and cotton exchanges, for requiring al- leged wool fabrics sold in interstate commerce to bear marks indicating the percentage of wool and shoddy content, for similar brandinz of paints and for regulation of cold storage. Regulation of cotfon futures sales, as proposed by Senator Dial, democrat, South Carolina, was also included in the list. Chairman Kenyon of lowa announced at the close of the session that the “bloc” would meet again June 2. —_—— NEW YORK BANK STATEMENT. | NEW YORK, May 28.—The actual condition of clearing house banks and i trust companies for the week shows {that they hold $11,801,230 reserve in excess of legal requirements. This is an {(llcreue of $12,226,160 from last week. NIMP a brokernze and interest. OVED PROPERTY— f Gimes this amount. o $4.000 ON U Worth two and “Gilt Edge” 1% First Mortgage Notes Now on Hand In Amounts ol $250 Up to $5,000 We look after all detafls and furaish guaranteed titles with all notes, Chas. D. Sager —_— 923 15th St. N.W. Electric controls permit a new z searchlight to he operated from Lean Dept., M. 38, points as. distant as ten_miles. | — i i hetic with | of /! ®00d | " The only problematical result is e ndonied (v oierday fby | tnat when tanf® revision. delayed this o 3 of North Carolina and |year. docs come. it will tak ount 207000007070 700 0007 during the current open season, open- | ing territory containing large coal deposi { The Lincoln Said: Union Pacific Railroad Company |asked “auchority “of the commission | The prudent, pomniless beginrer in the werld labars for [to| muarantce $14.755.000 of “the first e s R s W etk e Orexon: Washinaton * Ratload and | 124 for himself. thra labors o3 s own accoust asethor Navigatlon Company. which it now | while and at last hires anetber new begianer to help him. | owns, and which are to be exchanged Yo men livi-g ‘s more worthy to be trusted tham those that dovelep from poverty. ) AW ; . Savicgs With Best Results - putting your dollars in our Sav- cnt now vou will auto- l'as part payment to W. A. Clark for 1 his share of the Los Angeles and Salt ! Lake railroad. which the Oregon- { Washington has arranged to pur- chase. ‘ | Money to Loan Secured hr First Deed of Trust on R, Estate. T % W o & Tros ! Joseph 1. Weller 420 Wash. I. & Truxt T ———— | EQUITABLE | Co-Operative 3uilding Association | ' Orxanized 18 they regz'n their normal worth. 34 &3 Safe Deposit Boxes For Rent i, e Co’;‘“ Zese el Iy double their value—their H Asnetn ... 84202, N7 2 et ‘\ Surplus ... $1.00532280 | uscfulncss—within a few wears, as il Now’s the Time to Join the Equitable Thousands hzve adopted the systematic saving plan of the Fquitable and have accumulated most substantial sums. . | | i ! Subxeriptions for the | | | i | | Interest Paid e 81st Issue of Stock | Peing Rteceived Shares, $2.50 per Month 4 Per Cent Intereat Foreign. Exchange at Lowest Rates EQUITABLE BUILDING 915 F St. N.W. JOHN JOY FRANK P. Resources, $5,802,503.79 EDSON. Preaident REESIDE, Secy. | | 79 REAL ESTATE NOTES | Conservative Valuations Secured by first deeq of trunt on high-class properties. Responsible makers. GLOVER & FLATHER 737 15th St. NW. | From Coast |l to Coast This office—one of a system of 33—is part of a Country-Wide Invest- ment Service. Private wires to our Main Office AUT QL give customers the ad- vantages of a direct con- nection with New York markets. Possibility Versus i Advisability ! It is still Possible to run an automobile without in- surance—but not Advisable. It's our business to pro- tect you against loss. B. F. SAUL CO. Automobile Insurance | 934 N. Y. Ave. N.W. ‘Washington Office Guaranty Company of New York 811 Fifteenth Street, N. W. Telephone, Main 5815