Evening Star Newspaper, April 14, 1924, Page 25

: ) THE_EVENING STAR, WASHINGTON, D. C, MONDAY, APRIL 14, 1924. FIRMING UP SEEN IN MEATS AND EGGS Tocal Wholesale Market Notes General Conditions at Opening for Present Week. BUTTER SHOWS SLIGHT LOSS Review of Vegetables by Depart- ment of Agriculture. Meats and eggs “firmed up” and butter lost 1 to 3 cents when the Washington wholesale market for meats and dairy products opened to- day. Business generally was report- ed to be fair. In the case of meats, not much of an advance in price was noted. Good beef brought about 17 to 18 cents; medium, 15 to 16; fair, 14 to 15, and ®00d cows, about 12 to 13. Lambs ‘Were reported at 30 to 31 cents a pound and veal easy at about 18 cents. Fresh pork had a strong ten- dency and went at prices ranging from 18 to 20: shoulders, 11 to 12 and fresh hams about 17 to 18 Smoked meats did not change much, Hams, according to grade, were 1§ to 21; bacon, 16 to 23, and callles about’ 10%. Butter's Lowest Quotation. Butter's lowest reported price was about 44, and for the top grade about 48 cents. Although eggs, with Jobbers, did not go over the 25-cent figure, this price was said to be the general one. Commission merchants, it was understood, did not have enough receipts today to make a market in any of their line of prog- ucts. Fish continued today in the same class ag Saturday. The market for bana to be rather low, a p. iful supply being on hand They were priced at from 31 to $3 per bunch, accord- ing to condition a e Review of Vegetable Market. The ot Agriculture's review vegetable market here follows ° Apples-—Supplies moderate, ht. barrels Maryland, z irgin N 1. up, Winesaps, 1025.00. mos 5.50: some scalded, 4.5085.00 Yellow Ne 5.00a5.50, fair ditio 4.00a4.50; n Davi 3.25, 4 inches up; Winesaps. 4.00; northwestern, medium largn ext ancy, Winesag most 5 ayman Winesa combination extra fan Yellow Newtowns, 2 agus—Supplies mod was said he 1i bo sizes. 50 to yuth blossa choice b -Supplie: moderate, marhet bushel hamp, agens snted type, xas, °r ton, round and flat type, around 10. Celery—Supplies moderate, de- and light, market slightly weaker; lorida, 10-inch crates golden, sel anch the rough, 3 to & dozen stalks mostly 4.00. Let- tuce very light, demand zood, strong: type moderate firm; Fiorida, - and buik, Suppli market Iceberg and 2 “aralina Buston type, fi Supplies very dy light, Ohio * lber | means Supplies ol moderate; de- market 1 sacks, 542,90 per | round wh 00 per weaker Spauldin ts ¥ Spinach- slow light; de- Virginia- sneer bar- Strawberries—suy nd light, market Florida, pony re- tly mand lorida, pepper 5.50; No. 2. 3.00a4.00 s—Supplies liberal; demand 1d market firm for goc Florida, sixes, ripes and turn- . wrapped best, fancy count, 5.00a choice count, 4.00a and condition, 2.00a3.50. Artivals since Friday's report and cars | on track at § am. today: Applee, 1 nd, 4 New York. Virginia, . 5 broken and 4 unbroken cars ; cabbage, 2 Texas freight, 10 barrcls Virginia boat, 4 broken and 2 unbroken cars on track ; o freight, 1 broken and 2 5 Michigan, barrels Virginia nbroken cars on track ; lettuce, 247 crates North Caro- lina express, 2 broken cars on track; grapefruit, 1 Florida freight, 3 broken 10,004 | J'fair qual- | Florida | rs on | l COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY OKLAHOMA CITY, April 14.—The ftate board cf agriculture now esti- mates the condition of winter wheat in this ctate at 85 per cent, a gaiy of 3 Per cent since March, and 5 points, bet- ter than on April 1, 1923. COLUMBIA, Mo.. April 14.—Wheat was well protected during the hard | freezing weather this winter and came through in fine shape in this state. PITTSBURGH, April 14.—Plate glass demand in this section continues good, and plants are banking on the ability and willingness of automobile manufac- turers and construction work to absorb as great a production as that of last vear. BOSTON, April 14.—The surplus stock of copper now is estimated here at 293,- 000,000 pounds, or less than one month's supply. March deliveries totaling 270,- 000,000 pounds established & new record BOISE, 1daho, April 14.—Some trad- ing in Idaho wool is reported from the Panhandle dissrict, with 38 to 40 cents a pound the top prices named. There is an excellent demand for kid mohair at 70 cents a pound AUBURN, Me., April 14.—The re- opening of ‘the Ault Williamson Shoe Company factory here is takep to re- flect a mild increase in shoe demand throughout the New England section. CHEYENNE, Wyo., April 14.—The completion of new wells in Wyoming | last month added 7,595 barrels a day | in new production to th out- | put, compared with 4,192 barreis the | preceding month. Thirty wells were | drilled and twenty-eight are pro- | ducing. i TULSA, OKla., April 14—The oil | refiners of the midcontinent field | are upset over the possibility that | preferential rates will go into effect | on May 20 under section 2§ of the merchant marine act and are making svery effort to ure reversal of | the Interstate Commerce Commission order. They declare the rate would | reduce exports, ! FALL RIVER, April 14— Print| cloth production’ here still is onl 25 per cent of normal, although sa last week totaled 150,000 piece: Thi however, is an improvement over the | last two months ! READING, ¥ ashioned hosiery manu all well occupied. especially on | k d fiber mixtures. Knitted | iber silk undergarments and dresses are in good demand | PITTSBURGH, April 11 light | n shows some improvement. | n-carloard lots brought but on carload busi- | ness the price quoted by large and small producers has settled at §2. yi 1 14 —Full-| urers here and apple crops are forecast for thi state by the co-operative crop re porting “service, although 40 to 50 pe cent of the peaches in the extreme |northern districts were killed by the | freeze April 2. The apple vield is| placed at 86 per cent and peache L BIG PRE-EASTER TRADE. Baltimore Merchants Find Busi-lj ness Equal to 1923 Period. | BALTIMORE, April 14.—That the | Easter retail semson will be as | large, if, indeed, it does not surpass that | of Tast year. is the prediction ¢ - of "leading merchs at e th period wi The fact that t point toward un Ready-to-wear clothing has been mov- ing rapidiy, it Is said. and merchar t large sales in this line all t hile some of the st bad large sales in the bigger dep ments, such as housefurnishings, heaviar business in these lines is ex- to come immediately following GROWTH IN PASSPORTS. More Persons Leaving for Europe Compared With 1923. BALTIMORE, More persons ‘ll'|l>7 vear for foreign countries than | in 1823, which is a good sign of pros- according to Clerk Arthur L. Spamer of the United States district court. Figures for March {part of April, 1824, wi | with figures for the same period of {last year, show a decided inc in the numbers of applicants for pass- | ports. During March, 1923 only |56 persons applied for ports, | while last month the was 11$. “During the first nine days of { April, 1923, 38 applied, while during the first nine days of current month &0 applied Most of the pasevorts, officiuls said, |call for entry into England. France April are leavir and the first en eompared |{part of the econo | eral | supplics ATLANTA, April 14.~Bumper peach | 5 f the HOGS STILL FACTOR IN LIVE STOCK TRADE Farmergand Packers Indicate Con- tinuance of Interest Following Review of Situation. PORK HELD MONEY-MAKER Heavy Consumption Regarded Due to Industrial Activity. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, April 14—The farmer of this country is not golng to turn his back on the hog, in spite of ghe fact that more hogs have been sent to the market in the last twelve months than in any similar period. That is the conclusion of many of the live stock men and packers who are in close touch with the situation. Accurate figures on spring farrow- ings are not yet available, but Frank W. Waddell, vice president of Ar- mour &-Co., in charge of pork opera- tions, in outlining hog prospects for the next six months forecasts no shortage. “The accurate data which has been kept by my department on the quan- tity of hogs that have been reshipped from the public markets to the farms for further feeding,” he said, “gives every assurance that there will be no shortage, despite the heavy market- ing of brood animals. Hog as Money Maker. “The hog has been the money maker for the farmer all through the time of depression and yet is the money maker. The farmer knows this and is not going to abandon the com- modity which has meant so much to him financially in the past. Wherever in this country you find a corn farm, there you find a hog producer. Corn and hogs go hand in hand and are ic_system of our agriculture. ! no reaxon to antici- pate an unusual condition of the hog market within the next year.” The ability of the packers, Mr. Wad- dell added, bsorb the tremendous offerings of hogs was due (o the gen- industrial situation of the country “Employr spread and United State as been has ady h nt been =0 throughout declared. “that possible to keep the of pork moving into hands and mouths and rous piling up of wide- the it huge pr the nners’ tdy product *‘Business been healthy condition. in general have & S ronditions THE TIMID SOUL. —BY WEBSTER. , . : LEMME HAVE — CouLp vA SPARE MEA QuARTER MsTER” SORRY, BUT | HAVEN'T ) A CenT To SPARE, FELT A wouLo o, MisTER NOTHING $AY,BO, YA GoT HERE'S FIVE DOLLARS. Any LOOSE (HANGE 50RRY \ CAN'T LET “You HAVE ANy MORE . s Wi Buy You A Cuf OF CofFEE core e v ¥ wUALDT PRESS POR 00 t with lab wasys @ ully employed there demand for meat. | urally the vat eupply has | ade it necessary to broaden that de- | and as much as possible. The natu- | ay to strengthen ar nd and make it more nearly com- | te with the supply was to offer | resis s possible to the | downward trend 1ling prices Pork Once “Bargain Food." Some months ago pork bec bargain food on the meat coun cold at wholesale on a bas parable with that of ness of the product n It attractive, umption with same is true expressed b of Swift & Co. T0g receipts in the pust year,” he said, ve been 21 per cent greater than uring 1918, the previous record period. s important than these huge r Ceipts has been the ability of the couns try to consume all the meat offered. “The great increase in supply natu- rally resulted in lower prices and thi stimulated demand. But no such con- sumption would have been possible at ruling prices had it not been for the general prosperity of the country. If | great pork supplies nad occurred period of depression and un- | t, 1 dislik hink what inight have happened to hoth farmers and packers.” Heayy Rise in Consumption. “The heavy mption of meat products at home,” said Thomas E. Wilson of Wilson & Co., “which, rding to government statistics, creased by 18 pounds per inhabitant in the last year, is a fair indication of what our home markets can absorb if general conditions are normal and | reasonabl: prices prevaitl It seemed imes in the last year we were fac- | » possibility of having to carry into the next season a large stock of our products. However, all | our syrplus stocks were readily ab- | sorbed.” The heavy marketing of pork uyn- doubtedly had an influence on the boef situation in the last year, accord- ing to President F. Edson White of Armour & Co. “Beef cattle were mar- | keted fn normal quantities,” he said, | ‘b the surplus pork products | nt du i i went a moderate gencral setback Oats held relatively firm in the ad- | sence of selling on the part of the pal holders. Prices started un- |age slightly above Saturday's finish. d to % higher, May 47% to! tended upward in line %, and later continued to aver- | hog market prin ch fika Provisions with the “Woodward & Lothrop Down Stairs Store WABASH R. R. RECORD. Jperating Revenue 1923 Largest in Company’s History. NEW YORK, April 14—Operating -cvenues of the Wabash Railway mpany in 1923 aggregated $66,617,- 346, the largest in the history of the sroperty, and an Increase over 1922 f $8. 40, the annual report re- vealed. - Net income of $5.410,873 was 34,200,485 greater than the year be- fore, and was equivalent to $5.43 a hare on 642,023 shares of $100 par value common stock outstanding, compared with $153 « share in 1922 Freight revenue showed an increase of $7,787,093 and passenger revenue increased $706,700. Express revenue jumped $196.0! but mai revenue dropped $73,545, affected, the report said, by reduced passenger tr ice the first half of the year and the Post Office Department's economical olicy. P! Tlu}: ratio of operating expenses to revenues showed a decrease of per cent compared with 19 AUTO INDUSTRY LAGGING. Manufacturers Marking Time for Spring Trade Opening. DETROIT, April 14 (Special).—Fx- copt for some sporadic curtailment, the | automobile industry i marking time, awaiting the opening of real spring weather. The Ford, Hudson and Dodge companies appear to be the only impor- tant producers not affected. The ma- Jority of the others are working on slightly reduced schedules unti] dealers begin asking for cars. The Paige com- pany has closed its Jewett plant tempo- but has Increased operations at ge plant. The Chrysler plant is spot where activity reigns, as sales are far ahead of the production of 110 cars a day. Chevrolet is working four days and four nights a week at the Flint plant, with a schedule calling for approximately 50,000 cars for April Willys Overland has a schedule calling for 25,000 cars for this month. g iy BANK HAS CELEBRATION. Instituytion Established by Labor Observes First Anniversary. W YORK, April 14.—The Amal- d Bank, established by a labor union, celebrates its first anniversary by announcing plans which mark a radical_departure from orthodox bank- ling. Co-operative purchase and dis- )tribution to its depositors of coal, ice and other necessities have been of 20,000 gama; initiated with a purchase tons of coal. The bank, which started with sub- seriptions of $300,000, now has assets of $3,400,000, with more depositors. It was established by the Amalgamated Clothing Workers of America, BAR SILVER QUOTATIONS. NEW YORK, April n dollars, 46% April 14—Bar per ounce. Money count rates: Short ree-month bills, ilver. per ills, 3 s per cent. D per cent cant 20| than %,000 | 14.—RBar silver, | EVERYMAN’S INVESTMENTS By George T. Hughes FOURTH ARTICLE. The 14 Per Cent Widow Who Fol- lowed the Inexpert Advice of a Con- selentious Brother-m-law. She was selling $5,000 in gilt-edge bonds, and a pained junior partner in a ) bondhouse was writing a check for her | Then he politely bowed the woman out, | wished her luck in her new venture, and beckoned me in. “There goes $10,000 to the buzzards,’ the junior partner sighed. “Couldn’t stop {her. She sold $8,000 in bonds, and with |$2,000 additional in cash she is going |to buy $10.000 worth of stock in some {sort of an alleged newfangied buildin nd-loan. scheme somewhere upstate i put $2,000 into it @ year ago. They | paid her 14 per cent for her $2.000 for a vear and then returned tne 32,000. That hooked her. Explanation of No Avail. “It was useless to explain that it i virtually impossible for an investment to at much with safety. If thers sonable assurance that 14 uld be paid, that gang ve 1o go off Main street tc get the money, much less come awa down here and’do all that explaining-—- and that good woman certainly demands a lot of explanation. Ive showed her re- peatedly the dividend yiclds and interest returns of scores of good securities in dependable, honest concern that money has a very defi power. “But it was no use. She's following the adviee of a brother-in-law a very conscientious and honorable man, who knows nothing of investing, although he does manage to make a living running a little dry goods store. He's a frequent type that sometimes make me wish that I had never gone into the bond business. During the war he had her believing that the government would eventual | default its liberty bonds. We had a hard | time making her hold her liberties. “We work and worry t up good | bonds then along comes some shady proposition. aided by w conscientious |friend or reiative, who knows nothing about investments: sound securities are turned down for fake stuft That wo |an's husband left her a small cotta to prove te carning | sents her savings of has a job—and interes: Small Amount Recovered. That incident happemed about years ago. I think the widow about $1,700 of the §10,001 the get-rich-quick scores of others who c suffered aiso. It w No one went to got_the money. When any investor climbs the 5 tn & per cent fence that borders the pl smooth road of safc investments a goes into a briar pateh after 14 per cent s going to get pretty we man's and every wom safety. The huge returns return. (Oopy two Novelty Cloth Sports Suits 20 In plaids, checks and novelty cloth. Either of the three will bz what correctly dressed women will wear on Easter and throughout the spring. Mod- els showing from one to five buttons, and the very fash- ionable wrap-around skirts. Here is a splendid oppor- tunity. You will save con- siderably on your spring wardrobe expenditure. In the smartest of spring colors. Crepe and Satin de New—Beaded Silk Dresses $20 New styles. tissues—showing the est spring and Easter effects from the fashion cen- ters. Beaded georgette and canton dresses, and also new arrivals in silk and wool crepes. Silk embroideries, fancy stitchings, braids, narrow pipings, beads, rows of but tons, pleatings and insertior of heavy lace. Many hav. the new scarf neckline. Boyish Navy and Black Poiret Twill The ats, in navy trimmed with Tw! the smartest mater and later, and these coa very for wea ever-increasing popular Poir: and black white braid iil is one of o 18 represent remarkable values Button and Side-Tie Fastening Coats are finely lined with either Satin de Chine or Crepe. and Germany. A few are for Bel gium, Italy and Holland. Very fow desire to visit oriental countries. pressed upon the market constituted | unusual competition with beef and in | consequence beef prices have not been | and 1 unbroken car on track; oranges, 1 California, 5 Florida freight, 4 broken and 4 unbroken cars on track; tomatoes, Chine Women'’s and Misses’ Women’s and 7 Florida freight, 25 crates Florida ex- press, 6 broken and 3 unbroken cars on track; carrots, 1 Texas freight, 15 crates New York express, 1 unbroken car on track; caulifiower, 1 broken car on track; beets, 40 crates Florida ex- press, 1 broken car on track; string beans, 491 baskets express; radishes, 1 Lo press: egepl 40 baskets and 45 crates Florida express : peppers, 65 baskets and 86 crates Florida express; barrels Virginia boal 2 Texas freight, and broken cars on track; mixed fruit, Florida freight. 3 broken cars on track. strawberries, 25 crates and 43 refrigera- tor Florida express; asparagus, 202 crates South Carolina and 63 crates re- shipped New York express; bunanas, 1 Baitimore, Md., freight reshipped ; par- sley, 15 crates New York and § Barrels Louisiana express; cucumbers, 53 crates Florida express. LEHIGH VALLEY BOOM. 1923 giggest Business Year in Company’s Record. NEW YORK, April 14.—The Lehigh Valley Rallroad Company handled the largest business in its history in 1923, total operating revenue reaching $75- 935,153, an- increase of $13,516,264 over 1922, the annual report showed. Net income was $8,5686,612, equivalent to $7.09 a share on'the common stock of $50 par value. “The year 1923, everything con- sidered”” E. L. Loomis, president, said, “was a_satisfactory one from a_traffic and operating viewpoint The territory traversed by the rail- road enjoyed excellent business condi- tions and the gross revenue received was the largest in the company's history.” Expenditures for additions and betterments to the road amounted to $11,876,309, against which were credits of nearly $10,000,000, from the sale or retirement of property. Profit and loss balance at the end of the year amounted to $49,784,526. GRAIN SHIPPED ABROAD. Exports Past Week Iess Than Last Prior Showing. Graln exports from the United States last week were 1,430,000 bush- ols, against 1,735,000 bushels for the previous week. Totals for the week as compared with the previgus week made public by the Department of Commerce today were: Barley. 107,000 bushels, against 53,000 bushels; corn, 637,000, against 760,000; oats, 1,000, against 1,000; rye, 110,000, against 173,000; wheat, 575,00, against 748,000; Canadian grain in_traneit, 2,221,000, agalnst. 2,335,000, United States and Canadian wheat flour in transit, 31 000 barrels, against 340,000 -barreix The “passport season’ here is be- lw‘réen March 1 and July 1, it was said. LESS COTTON CONSUMED. Census Bureau Report for March Compared With February. i tton consumed i Maroh wipount- | ed to 433,928 bales of lint and 41,030 of linters, compared with 507,876 of | lint and 41,698 of linters in February this year and 624,264 of lint and 54,509 of linters in March last year, the cen- sus bureau announced today. Cotton on hand March 31 was held as follows: In consuming establishments, 1.498, - 266 bales of lint and 126,149 of iinters, compaved with 1,578,272 of lint and 2,099 of linters on February 29 this year and 2,033,837 of lint and 172,600 of linters on March 31 last year. In public storage and at compresses, 1,983,544 bales of lint and 89,032 of | linters, compared with 2,485,008 of lint and 87,087 of linters on February | 29 this year and 2,379,697 of lint and | 49,258 of linters on March 31 this| year. Importa during March totaled 49,832 bales, compared with 48,601 in Febru- ary this year and 53,219 in March last year. % Exports during March totaled 332,- 146 bales including 17,051 bales of linters, compared with 482,216, includ- ing 12,276 of linters, during February this year and 315,210, including 5,347 of linters, in March last vear. Cotton spindles active during March | totaled 32,392,171, compared with 32,- | 683,756 in February this year and 35,495,234 in March last year. Coughing is unnecessary and can be controlled IQUGHING is frequently due to an irritation of the throat and lung tissue which persistent hacking only makes worse. You can stop coughs of this character almost at oonce with Dr. King's New Discovery. _ It relieves the irritating tickle and quiets the impulse to cough, thus giv- ing the inflammation that is causing the cough a chance to clear up. You'll like its agreeable taste. All druggists. wholly satisfactory either to packers | or producers.' | $6,000,000 BONDS ASKED. A. & V. Railway Seeks Permit tug Issue First Mortgage. The Alabama and Vicksburg rail- | way today applied to the Interstate Commerce Commission for permission | to issue $6.000.000 of first mortgage ! bonds, Two milllon five hundred | thousand dollars’ worth of them will | be sold to retire the existing funded | debt of the company. The remainder will be used to reimburse the com- | pany's treasury for expenditures for recent improvements of the road. | e : CHICAGO GRAIN MARKET. CHICAGO, April 14.—Owing chiefly to firmness of Liverpool quotations,| wheat averaged a little higher in| price here today during the first part | of the board of trade session. Be- | sides, there were indications of some European buying in Canada. Favo able weather for seeding and growt of domestic wheat tended, however, to promote selling whenever the mar- ket here showed any material ad- vance. Chicago opening prices, which varied from unchdnged figures to % higher, with May 1024 to 1.02% and July 1.03% to 1.04, were followed by slizht general gains and then a little reaction. . Scattered selling kept the corn mar- ket casy. No ssive support for values was in evidence. After open- % to 77%, the market under- G aerwous annoyance \ to yourself and to all about you | 1 { | i i ! shade lower to % advance, | Lined DOWN ETAIRS STORE DOWN STAIRS STORE fi 7 5 White Gray $1.7 A splendid opportunity to make a most sub- stantial saving. The very popular English Broadcloth shirts at a very, very low price. And they are in nearly all the wanted colors. Sizes 133 to 16 DOWN STAIES STORE 7 Easter Value Priced Fine Underthings | Nev 78c A specially priced assortment of underwear, mus- lin gowns, Princess slips, shadow batiste and muslin bloomers, crepe step-ins and underskirts, Muslin Gowns—with Jenny, V or round necks, neatly trimmed with embroidery. Princess Slips—in plain tailored effects, with strap shoulders and deep hems. Shadow Batiste Bloomers—extra size bloomers in flesh and white. Muslin Bloomers—regular size plain muslin bloomers with double elastic knee. Orchid, flesh and white. Crepe Step-ins—in orchid, flesh and white. ‘White Underskirts—with embroidery flonnces. DOWN STAIRS STORE 2% Pair Exceptional values—all. In time for Easter. trimmed with dull kid gore pumps, brown brown suede trimmed, button pu brown kid trimmed gore pumps. be worn in the Easter promenade. DRr. KING’S NEW DISCOVERY —~ MEN—English Broadcloth Shirts 3 for $5 Neckband Style Shirts are FULL CUT and WELL TAI- LORED; and they are very low priced. An Easter Value Selling Easter Footwear | Roman Stripe leather, one, two and three strap pumps, side gore pumps, black suede two-strap pumps, black suede brown one-strap ps, black gun metal pumps, brown suede All styles that will Misses’ Models DOWN STAIRS STORE In Ten Spring Shades Tailored Silk Costume Slips and Tan A beauti tailored Spring’s line effec! red, whit New—To Wear with three pinked rufiles. powder blue, green, tan, rose, orchid, $3.95 ful assortment of fine silk costume slips in te of smartest shades. Straight- t. Straight tailored hems, or Shades, e, black and dark shades Sizes 36 to 46 DOWN STAIRS STORE with Boyish Apparel Scarfs sz.zs‘ §9.95 $3.25 Patent tub silk and glos oxfords new fashion is on two- extremely popular. erate prices one may secure black and Roman stripe scarfs in crepe de chine, (artificial silk). This e that promises to be Also at these mod- white combination scarfs to wear with one’s Easter costume. Mah Jongg pat- terns with black satin borders and other patterns with frin DOWN & ge. ITAIRS STORD