Evening Star Newspaper, February 17, 1925, Page 19

JTHE”‘EVENING STAR, “WASHINGTON, e e e e e R Y Yt N e e, ey HOPES TO WP OUT STREET CAR ROWS New “Czar” Opposes Fights With Bus Lines—Will Urge Amalgamation. BY J. C. ROYLE. 2l Dispatch to The Star. 'W YORK, February 17.—Aban- donment of useless battles—that is ‘what the street railway men all over the country see as a result of the ap- pointment of Lucius S. Storr of New Haven as mentor of the traction lines of the Nation. Practically every elec- tric railway line in the United States has a fight on its hands of some kind, either to secure adequate financing, to adjust taxation, to change fares, to alter wage schedules or to meet bus competition. The executive committee of the American Electric Rallway As- ®o¢lation, which appointed Storr, un- doubtedly expects he will be able to steer the public service companies out ©of unnecessary complications. ¥ Lender in His Line. The industry has scores of expert engineers and statisticlans, but his assoclates say Storrs was the only man about whom they could say “take your problem to Storrs; he's already solved it.”) Mr. Storrs has been known as one of the most progressive men in the electric raflway game. As head of the Connecticut Company, which op- erates nearly all the electric lines in that State, he has béep singularly successful in applying modern meth- ods of financing and operation and in amalgamating trolley and bus lines. Busses Great Problem. . Bus competition right now is one of the largest problems the traction companies have to solve. There is every indication from his past per- formances with the Connecticut Com- pany that Mr. Storrs will advocate absorption of the bus systems and thelr operation as feeders and ad- Juncts to the electric lines rather than long-drawn-out and expensive competition. It is notable in this connection that the large bus in- terests all over the country have great confidence in the new ‘“czar of the tractions.” The menace of the bus cannot be overlooked. Over 10,000 new busses will be built and put into commis- slon this year. One large manu- facturer predicted today that 300,000 would be required to fill the demand of the next 10 years. Amalgamation Started. The policy of amalgamation of street car and bus lines already has received a good start. Today there are approximately 170 electric rail- way companies owning and operating 2,500 busses in conjunction with their rail cars. J. N. Shannahan, president of the American Electric Railway Assoclation, said today: “Far-seeing electric railway ex- ecutives everywhere are supplement- ing their rail service with busses where traflic warrants, and enlight- ened public officials and citizens are co-operating with them in an effort io establish the best possible car- bus services.” Will Stress Good WilL Mr. Storr is expected to act as a llaison officer between the tractiom companies and the public, and his services will be available for the public if the latter desires to turn to him as an expert. He Is sure to stress to the rail ymen the value COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY LYNN, Mass, February 17.—Spe- cialty shoe manufacturers report shipments are running ahead of those at this time last year, but that the volume of business still is unsatis- factory, owing to rapid. changes of style ‘which have led to - hand-to- mouth buying by retailers. TOPEKA, February 17.——Kansas farmers now own $130,000,000 worth of cattle, hogs and sheep, according to the State Board of Agriculture. This is about the same total as last year, although the rnumber of hogs has de- creased 20 per cent and beef cattle 2 per cent. Milk cows gained 4 per cent and shieep 5 per cent. DETROIT, February 17—The Paige Detroit Motor Car Company next month will add a de luxe roadster to its line listing at $1,620. The Fed- eral Truck Company last year ship- ped (4,216 trucks, as compared -with 3,565 the .previous year, and is now working on a schedule calling for 8,000 trucks in 1925. ; FORT WORTH, February 17.—More wells have quit flowing in the Wor- tham field and are being made ready for the pump. The average rate of production has dropped about 10,000 barrels since last week. POTASH STOCK SOLD. Auction Brings $2,052,000 for Ger- man Securities. NEWARK, N. J., February 17— Stocks in the Gewerkshaft Eintgkert, a German potash company, have been sold at auction for $2,052,000. Her- bert M. May, representing clients whose names were not disclosed, was the highest bidder. The sale was held in Federal Court, with Federal Judge Runyon the auctioneer. The stocks were owned by the Vir- ginla-Carolina Chemical Cqg., a New Jersey corporation, In the hands of receivers. _— SHORT MEASURE CLAIMED. Maryland and Virginia Folks Giv- en Official Warning. Use of short measures of round stave bushel baskets in the Eastern Shore districts of Maryland and Vir- ginia has been brought to the atten- tion of the Department of Agricul- ture, officials say. They have issued warning that persons using the bas- kets can be held responsible unless they have the manufacturers’ capac- ity guarantee. ot good will of patrons and empha- size the necessity of taking the pub- lic fully into their confidence. He will urge this especially In con- nection with new financing. The electric lines expect to spend about $350,000,000 in new plants, equip- ment, - betterments, maintenance and supplies. That money must be raised from the public, and Storrs will urge that so far as possible this be ac- complished through sale of securities to the patrons of the lines involved. Variation in Fare Rates. At the present time disputes over rates of fare are largely confined to scattered cities. The general aver- age rate all over the country today has reached a.point just under 7% cents for each cash ride. This is the highest average ever touched in the industry, and the idea of the old fixed fare is passing out of existence. PAYMENT ORDERED BY PIGLY WIGGLY Back: Dividends of $14 Per “Share on Preferred Are - -ComingNext Month. By the Associated Press, MEMPHIS, Tenn., February 17.— Accumulated dividend payments of the*Pigkly’ Wiggly Corporation pre- ferred ‘stock, totalling $14 a share, will' be ‘madeéarly in March, C. D. Smith, president of the corporation, announced today following a meet- ing of the directors. The stock car- ried 8 per cént’ and the accumulation represents dividend payments de- ferred “overia; period of a year and nine months. Placing ithe: ‘preferred ‘stock on & dividend basis automatically throws control of the corporation back to owners. of the corporation’s common stock, and coincidental wtih the an- noungement , that the accumulated payments -would be met, Mr. Smith advised 'stockholders that holders of the “common’ shares would shortly be called together for the purpose of electing a board of directors. The dividend payment will be made to shareholders’ of record as of March Loeal 'Stockh Announcement Wiggly Corporation would distribute $190,800 in ‘accumulated dividends on its 8 per cent preferred stock will be in Washington, largely held. E. W. Bradford of Washington is one of the largest holders of Pigely Wiggly Corporation preferred stock. . COAL MINES SOLD. West Virginia Property Brings . $80,000 at Special Sale, Special Dispatch to The Star. PHILIPPY,"W. Va, Fébruary 17.— The coal tracts of the Harrison-Bar- bourrCoal. Co., tomprising 1,800 acres of Pittsburgh coal and 800 acres of red. stone coal between Elk and Brushy, Fork Creeks, have been sold to Harry S. Sands, a contractor and coal .gperator -of Wheeling, in a judi- . The price was $89,000. The sale. resulted from preceedings by creditofs pending since 1916. The property was twice before sold at judicial sale, but both times the saless were-set aside by the court on the.ground that the price offered was too low. } IMPORTS SHOW SLUMP. Exports ‘Also Decreass During : 1Week at Baltimore. * Special Dispatch to The Star. BALTIMORE, February 17.—Both imports and’ exports at the port of Baltimore ‘last week showed a de- crease as comphred with the previ- ous week, according to the weekly report of Collector Charles Holtzman. Imports were $178,337 less, totaling $2,458,660, of which $1,475,237 was free and $083,323 dutiable. Exports shogved a decrease of $179,353 and amounted to $1,634,372, consisting principally -of grain, copper, tobacco, agricultural~machinery, scrap bra: cornstarch,” automobile parts, pipe, lubricating ofl, zinc dross and rope. EXTRA FANCY APPLES GET $12 PER BARREL Virginia Sample Fruit "Said ‘to Have Brought Record Price of Year. Special Dispatch to The Sta WINCHESTER, Va., February 17.— One barrel of extra fancy Stayman Winesap apples, packed three and a half inches minimum size by John M. Fishpaw of Clarke County, have been sold for $12.50 to a Lexington, Ky., broker, who in turn sold the apples to a retaller, according to word re- celved by Mr. Fishpaw today. The apples were packed merely to test the market on large-sized fruit. “This is the highest priced barrel of Staymans that has been s0ld in the TUnited States this year, if we do hot miss our guess” sald Hurst & Co., dealers who handled the sample bar- rel. “If it were possible to grow and pack apples of this character they would always sell at a premium on any market. We belleve it would pay big dividends to thin apples on trees that re too heavily set to frult in order that the size of the fruit left on the trées may be in- creased, so that it will make an ex- tra fancy grade.” BALDWIN’S SALES OFF.~ Drop in Year’s Business Shown in Annual Report. By the Assoclated Press. NEW YORK, February 17.—Wall Street estimates of a sharp decline in the 1924 business of the Baldwin Locomotive Works were borne out in the anntial report showing a drop in Eross sales to $26,080,352 from $102,- 762,078 in 1923. Net profits fell to $1,320,026 from $6,516,465 the year be- fore, which was equal to $6.60 a share on the preferred stock, compmred with $25.68 a share on the common in 1923, after allowing for preferred dividends. A reserve of $2,800,000 was set aside for 1925 dividends. " GRAIN EXPORTS DROP. Commerce Department Reports De- cline in Past Week. Grain exports from the United States last week were 2,065,000 bushels as compared with 2,950,000 the previous week, Commerce Depart- ment figures today revealed. Canadian grains shipped from United States ports last week amount- ed to 1,814,000, against 2,416,000 bush- els the previous week; while wheat flour exports from the United States last week were 497,000 barrels, against 245,000 barrels the week before. viom GET NEW START. TULSA, Okla.,, February 17 (Spe- clal).—Active steps are being taken to end the recelverships of the Middle States Oll Corporation and all fits subsidiary companies. There are 56 separate companies affillated with Middle States, which was organized by former Gov. Haskell. L0SS REPORTED FOR 1924. NEW YORK, February 17.—Vir- ginia Iron, Coal and. Coke Company reports net loss of $53,503 for 1924 in contrast to net income of $456,664 in 1923 or $2.06 a share on the common after preferred dividends. Deficit after dividends was $303,378. - $495-by Bérkey & Gay Ten Pieces in rare good taste after the Jacobean style. 66-inch buf- fet and closed" linen 'and silver ‘chests. This is just another example of the hundreds'and hundreds of remark- able values .to .be found here at Mayer’s during— THE FEBRUARY SALE OF LIFETIME FURNITURE MAYER & CO. Between D & E Seventh Street ANOTHER DECLINE IN PRICE OF EGES Average Receipts Lower in Local Market—Live Hogs Are Also Cheaper. Today's wholesale prices at Center Market were quoted as follows: Today’s Wholesale Prices, Butter—Fancy, tub, 47a50; prints, 65a67; store packed, 20a25. Eggs—Fancy selected, candled, 47a 48; average receipts, 44a45 Poultry—Alive, roosters, 16; Spring chiekens, 30a32; fowls, 25; ducks, 15a 20; keats, young, 50a70 each; geese, 16a20. Dressed—Fresh-killed Spring chickens, 32a33; roosters, 30a32; fowls, 26; turkeys, 40a46; ducks, 26a 28; geese, 20a25; capons, 40a45. Live stock—Calves, choice, medlum, 10ail; thin, 6a7 Spring, 13; live hogs, 113, Meats—Beef, 12a18; veal, 12a20; lamb, 26a30; hogs, 14a16; loins, 20a 22; hams, 20a22, and shoulders, 14a15. Today’s market report on fruits and’ vegetables, furnished by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies light; demand mod- erate; market steady; barrels, Mary- land, Virginia and West Virginia, A 2% Inches up, Staymans and Black Twigs, 6.5027.50; some slightly scald- ed, 6.00; Yorks and King Davids, 6.00 a7.00; Baldwins, 6.00a6.50; A 2% inches up, Yorks, fair color, 4.50; Winesaps, 7.00a7.50; boxes, Northwest- ern, medium to large sizes, extra fancy Staymans, 3.25a3.50; Winesaps mostly 4.00; Yellow Newtons mostly 2.75; Deliclous mostly 4.75. Cabbage—Supplies moderate; de- mand light; market steady; old stock, New York, bulk, per ton, Danish type, 30.00a35.00; new stock, Florida, 1% bushel hampers, round and pointed type, 1.76a2.00; Texas, bulk, per ton, flat type, 65.00. Celery Market Stromg. Celery—Supplies moderate; demand moderate, market strong; Florida, 10-inch crates 4 dozen, mostly 4.75; 3 and 6 dozen, 3.50a3.75; smaller sizes, 3.00. Lettuce—Supplies moderate; de- mand moderate, market fairly steady; California, Imperial Valley, crates, Iceberg tvpe, 6 dozen, 3.50a3.75; 5 dozen, 4.25a4.75, few 5.00; 4 dozen, 5.00a5.25; Riorida, 1%-b ers, Blg Boston type, be: fair quality, 1.25a2.00; Texas, bushel hampers, Blg Boston type, 2.50a2.60, mostly 2.50. Onions — Supplies light; demand moderate, market steady; New York and Ohlo, 100-pound sacks, Yellows, United States No. 1, medlum to large sizes, 3.25a3.50, mostly 3.50. Potatoes—Supplies liberal; demand moderate, market steady; Michigan, 150-pound sacks, Russet Rurals, United States, No. 1, 2.45a2.50 per sack; New York, 150-pound sacks, Round Whites, United States No. 1, 2.35a2.40 per sack. Spinach—Supplies liberal; demand 13a14; lambs, \ D, ., TUESDAY, ‘FEBRUARY' 17; 1925.° Largest Airplane Dusting Service Is To Fight Weevil Bpecial Dispatch to The Star. ATLANTA, Ga., February 17.— The largest commercial airplane dusting service in the world will be located In this State before the next cotton-growing season. Eighteen planes will be stationed at strategic points east of the Mis- sissippl. Each will care for the protection of plants on 6,000 to 7,000 acres on contract. Five ap- plications of calclum arsenate, to kill the boll weevil, will be dusted on all cotton under the contract at a cost of about $7 an acre. Carolina, barrels Savoy, no sales re- ported, asking 4.00. Tomatoes—Supplies light; demand moderate fer good stock, market steady; Florida, sixes, riges and turning, wrapped, ordinary quality, fancy count, 4.50a5.00; cholce count, 2.5023.50; few best fancy count 6.00; choice count, no sales reported. Caulifiower Demand Poor. Cauliflower—Supplies moderate; de- mand light, market dull; California, crates, wide range quality and con- dition, mostly ricey, 1.75a2.25, few 2.50 String beans—Supplies light; mand moderate, market strong; Flor- ida, %-bushel hampers, green, fair quality, 5.50a6.00; few best 7.00; or- dinary quality low as 4.00. Peas—Supplies light; demand good for good stock, market steady: Florida, %-bushel hampers, ordinary quality, 4.50a5.50; some fair quality, 6.00. ~ Eggplant—Supplies light; moderate, fnarket - steady; pepper crates, best, 6.00. Poppers—Supplies of good stock light; demand moderate, market steady; Florida, pepper crates, fancy, 6.50; cholce, 2.5024.00. Squash—No supplies on market; no orted: Strawberries — Supplies moderate; demand moderate, market fairly demand Florida, steady; Florida, pony refrigerators, 40a45 per quart. Carrots—Supplies moderate; de- mand moderate, market steady; Texas, bushel baskets, 1.70a1.85, few 2.00. Beets—Supplies moderate; demand moderate, market fairly steady; Texas, bushel baskets, 2.50a2. $8.56 A SHARE EARNED. NEW YORK, February 17.—Net profit of the Air Reduction Co. for 1924 dectined to $1,635,221, equal to $8.56 a share on the outstanding no par value shares, from $2,138,023, or $12.31 a share the year before. OIL DIVIDEND RAISED. NEW YORK, February 17.—Direct- ors of the Ohlo Oil Company, who last November reduced the quarterly div- idend on the capital stock from 50 to 25 cents a share, today ordered the rate returned to the 50-cent basis. THREE MINES CLOSED. NEW YORK, February 17.—The Consolldated Coal Co. is reported to have closed three mines in North- western West Virginia, reducing the moderate, market fairly steady; Texas, bushel baskets, mostly 1.50; South company’s West Virginia operations to 13 mines. CRITICAL PERIOD SEEN. Money Rates May Change in Next Three or Four Months. When the rediscount rate is ad- vanced, it will be a warning that the end of the bull market is at hand, says E. D. King In the current issue of the Magazine of Wall Street. In- vestors, therefore, should . closely watch the trend of money rates. The present rate is slightly less than ‘4 per cent for commercial paper and time money. Call money rates ll‘fi gverng\ng around 4 per cent. As lohg as tHe Federal reserve redis- count rate at New York remains at 3 per cent this will be taken as an indication that no early change in the money situation is expected. As pointed out previously, however, con- ditions are so shaping themselves as to make an advance in their rate in- evitable. The writers opinion is that this will be done within three or four months, so that this will be a critical period for the stock market. e P DIVIDEND IS RAISED. Du Pont Common Put on 10 Per Cent Basis Today. NEW YORK, February 17.—Direc- tors of E. I. du Pont de Nemours & Co. have increased the annual dividend rate on the common stock from $8 to $10 a share through declaration of a quarterly dividend of $2.50. The company hag paid $2 a share quarterly since September, 1923, when the rate was increased from $1.50. The new dividend is payable March 16 to stock of record March 3. LEAD STOCKS PILE UP. Supplies on Hand Largest in Sev- eral Months. NEW YORK, February 17.—Stocks of refined and antimonial lead in the hands of the members of the Ameri- can Bureau of Metal Statistics at the close of January were the largest in several months, totaling 20,500 short tons, against 13,500 in December. The output of crude lead by members in the United States and Mexico for January increased to 63,164 tons, from 60,722 tons the month before, while the output of refined jumped to 63,- 505, from 56,953 in December. SPEED UP AUTO PLANTS. FLINT, Mich., February 17 (Spe- clal).—Both the Buick and Chevrolet factories have speeded up production in the last week. The demand for Chevrolet closed cars has been so great the Fisher Body Co. could not furnish bodies for the orders. The Chevrolet Co. is shipping 1,000 a day, and many dealers are mounting their own bodles. AWAIT, LOWER RATES. PHILADELPHIA, February 17 (Special).—Some shippers are holding off from signing contracts for inter- ooastal freight shipments by water in hope that rates may be lowered. It is said some of the independent vessel operators have been cutting rates. The members of the inter- conference have given no in- 3701 Sixteenth Street All outside rooms, overlooking beautiful Rock Creek Park, 24-hour elevator and switchboard service. Large living room, dres Murphy bed; bath, dining alcove and kitchen. $57.50. Reception hall, large living room, bed chamber, bath, dining alcove and kitchen. $77.50. Apply to Resident Manager or Main 617 Several Very Desirable OFFICES IN THE MILLS BUILDING Pa. Ave,, 17th and G Sts. N.W. Surprisingly Low Rentdls ARTHUR CARR 206 Mills Building For Relieving HEADACHE NEURALGIA TOOTHACHE RHEUMATISM Ask Your Druggist Insist on PHILLIFS” MILK OF MAGNESIA Unless you ask for “Phillips,” you may not get the original Milk of Magnesia _proscribed by Bhysicians €ars a8 an an i mectize. e, 25-cent bottles, also 50-cent bottles, dication yet as to whether they will follow suit. eomtain directions—any drug store. “Out of danger” pronounced the doctor, " “but a long way from recovery yet” Weeks of dreaded crisis—the family’s un- told pronounced his patient out danger— And then that slow, discoursging period of convalescence. More trying in many ways than the ill- ness itself. When lost strength and recovery seems endless. cute anxiety— the relief when the doctor hdz malted vitality return so slowly that An old, familiar story to the doctor. And invariably he prescribes an old, familiar product—malted milk. No longer “any malted milk”— but specifically Borden’s, the new improved malted milk. For Borden's has certain impor- tant advantages, found in no other milk, that make this health food more valusble than ever be- fore, Doctors prescribe Borden’s Malted Milk’ for Invalids and Convalescents Because Borden’s is more digestible. Made b;' a unique process which partially pre- digests the casein of the milk, and retains the malt diastase that aids digestion—qualities pecu- liar to Borden’s. Even the most delicate stomach can assimilate it easily. Borden’s is more nourishing. it has the highest food value and most perfect nutrition of any malted milk on the market, due to the greater amount of milk used. It contains all the neces- sary properties to build up the body, restore tired nerves and stimulate the entire system. Borden’s is more palatable. 1t is free from the excessive sweetness and disagreeable Dordens THE IMPROVED MALTED MIL More palatable. More digestible. More nourishing. Easy to mix—hot or cold. - tang common to other malted milks. The most particular patient will drink it regularly without tiring of the flavor—or even being nauseated by it. - .. If there is an invalid or convalescent in your family, give him the superior benefits of Borden’s (the improved) Malted Milk. There's a difference between Borden’s and other brands. You'll appreciate it, too, once you've tried Borden’s. Sold in attractive glass jars—7 and 15 oz. sizes— at your druggist’s. Send the coupon below (with 10c) for a sample package. The Borden Com-’ pany, Borden Building, 350 Madison Ave., New York, N.Y. ~in the square package % : Square pacrage _— .