Evening Star Newspaper, November 13, 1923, Page 21

BETTERTONE EEN INWOOLINDLSTRY Dealers Look for Stronger Demand and Higher Prices ! in Near Future. BY J. C. ROYLE. | Dispatch to The Star. UNIFORM GRADING URGED. Agriculture Department Would As- sist Rice Industry. Recommendation of grades for rough rice and revised grades for milled rice, belleved to provide a basis for uniform grading and to fa- cilitate rice marketing, have been | recommended=to the rice industry by the Department of Agriculture. The more important changes rec- ommended are the addition of an extra grade named “extra choice, hetween the grades of fancy and choice, in the classes of long milled. short milled and round milled, and the addition of three extra grades named extra fancy, extra choice and medium, in the classes of second he: i milled, screenings milled and brewer: milled. Classifications for rough rice are EW YORK, November 13.—There |Long, short, round and mixed. Class is @ noticeable “tightening up” ap- parent today among the growers and dealers in the wool industry. This for milled ‘rice are: Long, shoi round, mixed. second head, screenings and brewers. e tendency is accepted in many quar-. ters as indlcating a decided nn"\'lI‘ of activity. The active entry of the American Weoolen Company into the market for. raw wool undoubtedly has had the effect of stimulating other manufacturers likewise to anticipate their 1924 needs. But it hfs also dis- posed growers and dealers to stand firm as to prices, both for old wools and for 1924 clips. Wool men throughout the west and far west are frank in outlining their beltef that prices for the 1924 clips will be higher than those which ob- tained at the opening of last season. So thoroughly have they made this attitude known that few have been #pproached thus far by representa- Lives of castern buyers and manufac- turers regarding contracta for wool | on the sheep's back. Future con- tracting alvo probably was influenced to some degree by the opposition to the practice voiced recently by Presi- dent Wood of the Americun Woolen Company. Growers See Higher Pricen. Growers, however, point to the fact that there was a decreace in the wool stocks in this country and on the way here of 56,950,962 pounds at the end of the third quarter of thls year. Wash | ington, Oregon and Idaho growers have emphasized their belief In hetter mar- ket conditions at thelr recent meetings. Dealers take the view that the buy- ing at present by the leading interest <©an only indicate bellef in a big, heavy- weight " season in 1924, with an in- creased demand by the public for mod- erate-priced woolen goods. It will not be long now hefore the mills are en- zaged in turning out the heavy goods required for next fall’s garments. Manufacturers' stocks of the raw Staple are known to be running short. The high-priced wools purchased lust spring are near to exhaustion. So far as the demand for clothing is con- cerned, the sales this fall have been 1e- tarded in_many sections by mild | weather. But clothing demand is al- | ways falrly stable, and there is ample cvidence that the total volume for this season will not fall below the average. - Trade Watching Texan. The trade In all sections Is watch- ing closely for the results of sules at San Angelo and Mertzon, Tex., today and Thursday. These offerings, amounting to over 1500000 pounds. are to be sold on sealed bids, but the general trend of the market undoubt- | edly will be defined, even If the prices | Paid do not become known at once. Production of wool throughout the world has decreased about 20 per cent in the last ten years and this cuntry in the last two vears has raised only 40 per cent of the domestic mill re- quirements. In view of these facts, Browers assert they are in better po- | sition to market their product more profitably than ever before. Co-oper- ative marketing associations have Dbeen formed this fall in many of the wool-producing states. and ~through these assoclations, growers are able under the agricultural credits act to horrow' money at 513 per cent. These the agricultural credits act. These orzanizations, the sheep men believe, Wil enable them to market their wool 1 an orderly and econonical way. and influence has dissuaded many soliciting contracts for still uge own wool for 1924 delivery. Beet Sugar's Steady Market. Only about one-sixth of the coun- try's beet sugar production has been dizposed of. “The market for refined sugars continues to show stability, although the supply of Cuban raw #ugars has further declined almost to the vanishing point. Indications are that the supplies of beet sugar, which have been sold in eastern markets for the first time, will suffice to regu- late conditions and prevent shortage until the new crop Cubas come on the market. Although the price of beet sugars nominally was advanced 20c a bag at the close of last week, man- ufacturers actually are holding tha door open for contracts at the old price basis of $5.40 a bag. Reports from the west state that the harvest of beets probably will be running night and day, with beets ar- running night and day with beets ar- riving regularly. . { STOCK SPLIT APPROVED. NEW YORK, November 13.—Stock- holders of the Liggett & Myers To- | bacco Company have approved a pro- | posal to split up the corporation com- mon and common B shares on the basis of four shares of new $25 par value stock for each share of $100 par value stock { ‘WOOL IN GOOD DEMAND. LONDON, November 13.—At the wool auctlon sales yesterda; bales were offered. Therc was a brisk sale of fine medium greasy cross- breds at firm rates. Other grades were quiet and irregular. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, November 13.—Railroad officials @ported today that apple growers of the Yakima, Wash., dis- trict were holding back shipments in | hope of & better market. The move- | ment from the Wenatchee valley, however, is exceptionally large. Great Northern officials estimate that the total will reach 18,000 carloads. FRESNO, Calif, November 13.— California ' vineyards will produce 237,000 tons of raisins this year, ac- cording to estimates made today. Ap- proximately 244,000, acres of raisin grapes were in bearing this season. LAWRENCE, Mass., November 13.— Manufacture of cotton dress goods by the Everett mills here has been sus- pended until December 3, with the exaeption of three days which the mills wilF work next week. The dress goods mill has been on a three-day-a- | week basis for some time. ! FORT WORTH, November 13.—The sunshine of the last ten days has en- abled planters to clean up the larger part of the cotton crop. In the back counties the crop is estimated to be 90 per cent gathered and of this amount 85 per cent has been marketed. ST. LOUIS, November 13.—The Oc- tober cotton receipts in this city amounted to only 59,445 bales, as compared with 98,732 in the corre- sponding month of last year. This was due to the lateness of the Mis- sduri and Arkansas crops. MINNEAPOLIS, November 13.—An exceptional increase in flax acreage added 315,000,000 to the revenue of the farmers of the northwest this year, according to bankers here. The farmers who profited heeded repeat- ed urgings to sow more flax and less wheat. SAVANNAH, Ga., November 13— More than 500 producers of naval stores in Georgia and Florida, repre- senting production of over half the world's supply of rosin and turpen- tine, will meet here December 3 to organize a co-operative direct-to-| consuinar marketing A&ssoeiation. 10 SLOW DEMAND Housewives See No Need of Buying Advance Supply, U. S. Bureau Reports. By the Associated Press, CHICAGO, November 13.—A light demand, due in a large measure to the fajlure of housewives to follow the old custom of getting in their winter supply of potatoes early, has caused the present low prices paid to growers, the United States bureau of markets belleves. The family supply purchasers are credited with knowing that th is a large crop, estimated at 416,000,000 bushels, and unafraid of a shortage, realizing that prices may continue below the average of normal years. Consequently Erowers are receiv- ing around 30 cents a bushel for car- load lots, the bureau says, and profit has vanished. Many farmers are sald to be stor- ing their potatoes for later market offering. They are in the midst of their second hard vear, the bureau says. since last season a bumper crop of 451.000,000 bushels forced down prices to approximately the same as this season. RAILROAD PAY RAISED. 12,000 C., B. & Q. Employes Are . Given Increase.- CHICAGO, November 13.-—An in- crease of 2 cents an hour for the 12,000 employes in the mechanical crafts on the Chicago, Burlington and Quincy has been granted by the man- agement, E. P. Bracken, vice presi- dent, announced today. He estimated that the aggregate increase would be $450,000 a year. DISCUSS FEDERAL RESERVE. DALLAS, Tex., November 13.—Be- Haf of state bankers In the smaller communities, that they are served bet- ter by their city correspondents than would be pgssible by the federal re- serve bank and prejudice on the part of some against the federal reserve system wers given as two reasons for the failure of eligible banks to enter the system, hefore the joint congressional committee here vester- day. WE ARE_UNABLE TO SUPPLY THE DEMAND rom _prospective purchasers for well situ- "Tor ‘wale business or other in- come-produring property and will communicate With s, either by Intter or telephone, we will assure you energetic action looking to fts quick sale. 5 ARNOLD AND COMPANY 1416 Eye Btrest i Chevy Chase, D. C. ‘Bargain " $10,000 12 Square off Conn, Ave. A fully detached home, well situated, within one square of Connecticut Ave. southi of the Circle. Six sisal reception hall, tile bath. electric lights,’ bot-water hest. -large lot, with hedge shrubbery and garage, make it & value unparaileled. OWNER LEAVING CITY— MUST SELL Moderate Terms HEDGES & MIDDLETON, Inc. 1334 H Street N.W. Frankl 1303 MOTHER! GIVE ICRUDE OIL PRICES THE EVE SLASHED FURTHER Pittsburgh Announces More Reductions at Opening of Today’s Market. By the Associated Prex PITTSBURGH, November 13.—Fit- teen cents a barrel was cut from the Price of the principal grades of crude oll by the leading purchasing agencies at the opening of the mar- ket today. The new prices follow: Pennsylvania grade oil in New l\'»rk Transit Company lines, $2.60. Bradford district oil in National ) Transit Company lines, $2.60. mpany lines, $2.35. Pennsylvania grade oil in South- west Pennsylvania Pipe Lines, $2.35. Pennsylvania grade ofl in Eureka Pipe Line Company lines. § Pennsylvania grade oll in Buckeye Pipe Line Company lines, $2.35, a cut of 15 cents a barrel. Corning grade ofl in Buckeye Pipe Line Company lines. $1.40, no change. Cabell grade oil in _Eurcke Pipé Line Company lines, $1.20, a cut of 15_cents a barrel, Somerset medium oil in Cumber- land Pipe Line Company lines, $1.15. Somerset _light oil in Cumberiand Pips Line Company lines, $1.30, & cut of 10 cents & barrel. Ragland grade oil in Pipe Line Company lines, 75 cents, no change. More Gasoline Cuts Expected. NEW YORK, November 13.—The gasoline price-cutting war, which started in the middle west with a re-| duction of 2 cents & gallon by the ndard Oll Company of Indiana, was extended to the eastern seaboard sterday, when most of the princi- pal refineries followed the lead of the | Qulf Oil Company, in reducing prices 1 cent a gallon, Further cuts are ex- pected by the oil trade here in the next few weeks. Tank wagon prices of gasoline are now 1433 cents In| Massachusetts and 15! cents In New York, New Jersey and Connecticut The recent cuts were made possi- ble by the &teady reduction in crude oll prices, but they also were in- "fuenced by the scasonal decrease in gasoline sumption and the fact that several of the large companies are facing the winter with their stor- | age facilities taxed to capacity. of the smaller companies have b forced to sell gasoline at or below comt in order to satisfy an urgent! n for immediate fund: H Gasoline stocks in storage at pres i ent are reported to totgl more than | 1.000,000.000 gallons, with production exceeding consumption | OIL PLANS STILL SECRET. i | NEW YORK, November 13.—W. C Teagle, president of the Standard Ol {Company of 2 Jersey. displayed in- terest yesterday in cable dispate! to the offect thiat lugo Stinnes, Ger-| man industrialist, was planning to or- ganize an American ofl company which would compete with the Stand- ard Ofl groups. have no knowl- dge of Mr. Stinnes' plans.” he said, | and have heard nothing of the ac quirement by him of uny sou supply, other than fields abroad. —will keep your autom, WESTERN CELERY ARRIVES Potato and Apple Markets Ars Quiet in New York. Special Dispatch to The Star, NEW YORK, November 13.—C fornia celery made its first appe: ance in the New York city markets today and sold at $5.75 per crate con- taining from four to six dozen stalks. Fancy, well blanched state celery in the rough met a more getive demand and prices slightly ad¥anced. Sup- plies were only moderate. ~ Two- thirds crates brought from $2 to 33, depending upon quality and condi- tion as well as size of stock. Supplies of white potatoes were moderate. Many shipments remained unsold from previous arrivals. The fresh receipts of barreled and basket apples were moderate. Some ship- ments, particularly poor to ordinary frult, remained unsold at the stores of the commission merchants as well as_at raflroad plers, since yesterday. Sales of “A" grade two-and-one-half- inch miscellaneous varleties ranged from 2.50 to 4.00 per barrel, while un- classified stock brought from 1.50 to 50, 3 STINNES SHIPS SOON TO RENEW SERVICE Will Run to Houston and Galves- ton—0il Reports Are Un- confirmed. teh to The Star. November Special 1 HOUSTC 3.—Details the Stinnes interests and the Sinclair oll interests for a supply of oil to market in central Furope by the Stinnes organizations still were un- confirmed today. Hugo Stinnes, Jr., announced that service of the Stinnes ships shortly would be resumed out of Houston and Galveston. Formal dental was made that the Sinclair re finery here had been purchased by the Stinnes interests. Flush oil production from the eight new wells in the new Powell fleld in the last seven days is approximately 80,000 barrels. _—— Miss Marjorie E. Six, a nutrition ex- pert, has heen glving common eense talks on diet to the foot ball “huskies of Pittsburgh University. FOR SALE Beautiful Delachwg Home A Clevelar':d Park haths. lavatory o bedrooms, sarage. constriiction—-bovise —three blocks from Teasonably wriced quick sale. Owner leaving cits._ Shown by appoint ment. PHONE OR CALL— Col. W. G. Schauffler, Jr. Randall H. Hagner Main 9700 1207 Connecticut Ave. LIN MOTOR OIL - obile in the best condi- tion because of its exclusive characteristics. Try it and enjoy perfect lubrication. Sherwood Brothers, Ing. AT s s If you want to retain the ck —a part of your daily toilet. T! ingredients, is an uncqualed skis Radium stimulates and builts Vieit Our Booth at Beauty Contest, —and see this famous cream. CALIFDRNA G SHRUP Child's Best Laxative To Clean the Bowels fornia Fig Syrup’ mow will theroughly clean the lttle bowels, and in a few hours you have a well, playful chlld agaia. Even if cross, feverish, billous, constipated or full of cold, children love fts “fruity” taste, and mothers can rest easy, because it mever fally to work all the souring food and masty bile right out of the stomach and bowels without griping o upsetting the child. Tell your druggist you want only the gen- uine “California Fig Byrup,” which has direc- tions for babies and children of all ages printed on bottle. Mother, you must wsay “‘California,** Refuse any imitation. s / e GGG GGG Phonc Potomac 2037 Beauty Contestants harm and beauty of youth make Radium Tissue Cream his cream is made of the purest n food and tissue builder. The up the “skin glands,” thereby making the skin practically impervious to infections. » Peoples Drug Store November 12-17 Radium Products Corporation 918 F St. N.W.—Main 6797 Collartistry . O attain that air of distinc- tion which the perfectly groomed man radiates is an art. A TOLMANIZED starched collar gives that consummate dressiness— especially TOLMANIZED shirt. when topping a starched THE TOLMAN LAUNDRY: F. W.aMacKenzie, Manager 6th and C Streets N.W. For starched linen personal comfort call Franklin 71. TOLMANIZE! /- Come On—Everybody Join! Let’s all of us answer the Annual Roll Call and Enroll for Membership in The American Red Cross making it unanimous for the District of Columbia. Surely you don’t need to be urged to join in support of the glorious work of this organization. Surely the remainder of enrollment time ought to be sufficient—and RIGHT NOW— TODAY—IS THE TIME TO Send Your Dollar! In peace as well as war the Red Cross ministers to suffer- ing humanity. If calamity befalls any one.anywhere under the sun this “Army of Mercy” is first to march to the rescue. Such service cannot be measured in terms of money. It’s possible only through co-operation—the moral support of your member- ship—and the small sum of One Dollar which enrollment costs. Membership in the Red Cross is a symbol of sincere Ameri- canism. You believe in its purposes—then help in its work! Fill Out and Mail This Coupon ing it with heck, sending it to the D. C. Chapter of the American Red g::::. I‘FGZ .;nc‘l‘xnsonyl",l:::, :\c’as]:ington, D. C.—or drop it in the Red Cross Box at any of the following places: ing, $25.00, member. AMERICAN RED CROSS District of Columbia Chapter Please enroll the undersigned. as Annual, $1.00; Contributing, $5.00; Sustaining, $10.00; Support- Checks to be made to D. C. Red Cross Chapter Amount of Dues American Security & Trust Co, 15th and Penna. Ave. NW. Riggs National Bank, 1503 Penna. Ave. N.W. Second National Bank, 509 7th St. N.W. Federal American National Bank, 1315 F St. N.W. Dupont Bank, Dupont Circle. Washington: Loan & Trust Co., 9th & F Sts. Washington Loan & Trust Co., Br. 17th & G. N.E. Savings Bank, 800 H St. N.E. N.W. Savings Bank, 18th and Col. Rd Park Savings Bank, 14th and Kenyon Sts. Farmers and Mechanics’, 31st and M Sts. N.W. Woodiward & Lothrop, 11th and F Sts. N.W. S. Kann Sons Co., 8th and Market Space. Lansburgh & Bro., 420 7th St. N.W. O'Donnell’s Drug Store, 401 E. Capitol St.