Evening Star Newspaper, March 8, 1925, Page 34

STEEL PRICES FIRM; DEMAND UNSTEADY Copper Bit Stronger — Tin and Lead Weak—Inquiry for Zinc Improves. Br the Associated Pross. "BW YORK, March 7.—Steel demand has been irregular during the we Good railroad orders, with a fair ag- @regate of small orders, furnished a satisfactory showing, while deliveries on old orders were good and production continued active. Prices are generally steady to firm with the exception of sheets. The demand for pig iron was a trifie better, but large production and importations from abroad have taken; the cdge off prices { Copper Bit Stronger. | Copper steady. No general demand | has been reported, but wire drawers were buyers at declines early in the week, and there has been enough busi- ness to give the market a better under- tone. Electrolytic is still available for | shipments extending over the second quarter at the 145 cent level, but offer- ings below that figure have been either absorbed or withdrawn, and in some ses producers are asking 143 for for- ward shipments, exporters have shown little more interest also. Tin broke sharply owing to steady liquidation by operators on the increase in the world's visible, and indifference of buyers about contracting for future sup- Lead Market Weakens. broke badiy despite a fair of buying for early shipment. jowing down in me lines of nufactured goods has checked for- ward buying, and this affected holders nc ruled firmer, with a fair inquiry, v for spot, indicating that sup- | 'S in consumers’ hands are light. Antimony showed further declines as ® Tesult of more liberal offerings due 1o increased arriv REORGANIZATION PLAN DUE IN SHORT TIME Associated Press. 3 NEW YORK, March T.—A reor, ization plan for Wilson & Co., Chi cago packers, forced into receiver- \ship last year. be outlined next week, Frank O. tmore of Chicago, chairman of the bankers' committee which is readjusting the company’s financlal affairs, announced today. Termination of, the receivership, he sald, probably will not take place for several months. BALTIMORE PRODUCE. Bpecial Dispatch to The Star. BALTIMORE, March 7.—The egg!| market continues to show a down- ward tendency under more liberal re- ceipts of native and nearby stock. Demand has been good since the low- er values have prevailed, all desir- able offerings have met prompt sale and the market generally has ruled steadw all week despite the drop in prices. The market closed firm to- d ay at 4 and 28 cents a dozen for ts ree cases with values in- clined to be higher, but there is no guaranteeing that this condition will continue to prevail, as at this season it is a day-to-day market and eggs should be shipped promptly to realize best results. Receipts of duck and Zo0se eggs have been very light so far and as a consequence the market holds firm with buyers taking hold mdre freely at 49 and 50 a dozen for thé former and 85 and 90 a dozen for thé latter. The live poultry market, with the exeeption of geese, rules steady to firm under generally light receipts of degirable stock and a good and con- stint demand for large smooth YOWI‘ of i all kinds. Young fat brolling chfckens meet ready sale at 33 to 35 a pound, and Leghorns 30, while even rough poor stags will bring 25 and 26. Winter chickens, 2 pounds and under, are scarce and wanted at 40 and 42. Medium to large old hens continue active at 28 to 31, but small rough fowl dnd Leghorns have to be sold at 25 to . Old roosters a shade higher at;18. Capons continue in light re- cefpts and all arrivals meet ready sale at 40 for large birds, 7 pounds and over, and 34 to 39 for smaller. sized hen turkeys and young s are in fairly good request at 45 for the former and 40 for the lat. ter, but heavy old toms and poor and crooked breasts are slow sale at 35 for the former and 25 for the latter. Market for ducks is firm at 31 to with young Pekins bringing top and 25 and 26 for small and Geese continue easy under lib- ipts, only fair demand at with Kent Islands bringing top values. Guinea fowl and pigeons in only moderate receipt and in goed request at 75 and 85 each for young and 40 and 50 each for old of the former and 40 cents a pair for both young and old of the latter. Season for dressed poult practically over, and, with the exception of capons, which are preferred dressed on this market, there is more demand for live than for dressed poultr Heavy ,receipts of McCormick po- tatoes the past week, which have not cleaned up, coupled with a slow de- mand, have had a tendency to lower values, and the market rules easy at 1.00 to 1.40 per 100 pounds for No. 1 wel! graded stock and 1.00 to 1.10 for McCormicks. No. 2s are slow sale at ir- regular values, and culls will not bring freight charges. Market for sweet potatoes and yams rules steady, but quiet, under only fair demand for faney stock at 5.00 and 6.00 a barrel for the former and 3.50 and 4.00 a barrel for the latter. Poor dark sweets and yams in ample supply, and all such has to be sold at about half price. Native and nearby garden truck is gradually being replaced by early Southern vegetables, and it takes choice stock to bring top values at the following quotations: Broccoll and kzle, 1.25 and 1.50 barrel: cabbage, 8.00 to 12.00 a ton, and =avoy, 50 to 75 a bushel; horseradish, 3.00 and 4.00 a bushel; onions, £.75 and 3.00 per 100 pounds: oyster plants, 5.00 to 7.00 hundred; parsnips, 35 to basket; spinach, 50 to 1.00 bushel, and turnips, 50 to 90 basket. GERHA; STOCKS AlvT-l-)A BONDS. (Quoted in dollars per million marks.) Asked. 35, values, poor ral r 4 to 28, Ger Gt (war loan) G 1914-18. 13 X Hamburg 4156 1919. 31250 Ger Gt 4-5s (forced loan). 19.00 (Quoted in dollars per. thousand marks.) Berlin 45 pre-war. Humbg 35, 314 & 4% pre-war. Hamburz ‘Amer Line 41s..... rman Lloyd 4% rupp | Dusseldort 4s m- W Frankfort Munich 4s 7 Badische Anlin A E.G. (Gen Commers and Priv Disconto Gllschaf Drescner Bank.. Deutsche Bank... Darmstaedter Mercer Bank Vienna. FARMERS SEEK CREDIT. NEW ORLEANS, March 7 (Special) —The Spring Buyers nvention, which brought a large number of country merchants here, is stimulat- ing trade, but buyjng is conservative, since farmers are asking long lines of credit in order to help theth make this year's crop. Retail business in silks and women's clothing is im- proving. can Bankers’ days, companies or The Year 1925 to Date on the Washington Stock_ Exchange. Farnixhed by W. B. ibbs & Co. P to and including Saturday, March 7. BONDS. $6,000—C. and P. Tel. 1st bs 20,000—C. and P. Tel. of, Va. bs 00—Capltal Traction 1st 55 .000—City and Suburban Ry. .000—Georgetown Gas Lt. 1st 5 00—Fot. Elec. Power 1st 5s 00—Pot, Elec. Power cons. 600—Pot. Elec. Power gen. Power ref. 7s . Bal. and AmmD . Gas Lig . Ry. % gen 2/000—Dist. of Col. 0—Riggs Realty (long) 68 00—Wardman Park Hotel 6s STOCKS. 2,506—Capital Traction 1.547—Washington Gas 1,088—Wash. Ry. 130—Commercial National 1—District National Bank. and ref. 6: and ref. Paper Mig. lst 6s. High. 100% 9% 99 84 95 100% 9974 Open. 100% 97T 091 8415 95 100 983 104% 1041 107151073 65 65 99 1018 6% b8 5 —Federal-American National Bank. 12— Liberty National Bank 28-—Metropolitan —Riggs National cond National Bank. hington National Bank . Security and Trust. 93—Continental Trust ..... 150—Merchants' Bank and 3-~National Savings and Trust. 18—Union Trust 60—Washington Loan and Trust —Firemen's Insurance . 156—Columbia Title .. 1,644—Lanston Monotype 564—Mergenthaler Linotyp ational Mtg. and Inv. N. and W. Steamboat. 1—Security Storage 30—Washington Market pfd.. UNLISTED DEPARTM Navy Club 5 rks com 3—Chapin-Sacks 8s pfd 4—Chapin-Sacks 7s pfd 30—Departmental Banlk 200—Citizens' Savings Bank 12—Munsey Trust 50—Washington Base Ball. CURB STOCKS GAI IN SHORT SESSION Jump of 20 Points by Bucyrus Is Feature of Week. Other Shares Climb. By the Assoclated Press. NEW YORK, March 7.—The market on the curb exchange displayed a steady tone at the opening today, and issues that had been supplied frecly in recent sessions found support and scored sub- stantial gains. There were a few issues that demanded prominence. Glen Alden Coal and Middle West utilities improved points in the opening Proceedings. Several radio concerns were up about 2 points from the previous closing. Most activity in the petroleum group was confined to the lower priced issues. There was a firm tone to the general list, but trading was In reduced volume. Ig- noring the radio group in market move- ments on the curb exchange, the im- portant features of the trading during the week were the vigorous advances in prices in many of the leading issues. Some of the higher class stocks were in urgent demand, reflecting absorption by strong Interests, and several made new high records. Bucrrus was a feature, advancing 20 points to 144. American Car and Foun- dry new stock rose 13 points, National Power and Light had an advance of 16 points and Commonwealth Power moved up 5 points. Brooklyn Borough Gas sold at 68%, a gain of 123 points from its last preceding sale. Glen Alden Coal was In scant eupply and rose 9 points to the new high record of 138. There was heavy trading all through the week in United Profit Sharing, which rose & points to 11%. WALLER NAMES MAIN COMMITTEE FOR ’925 BANKERS’ CONVENTION (Continued from Page 33.) row, Lucius Teter, president of ‘teh trust company division of the Ameri- Association, stated in the principal address attending the annual banquet of the section. The position of the sultably capi- talized, well-manned corporation ac- zion in a fiduclary capacity propgrly takes the place of the trusted and honored individual trustee of former the speaker saild. It is a part of their task, he continued, to see that the public understands this, and still more important in the conduct of trust company functions that no one misunderstands the character of such feels that their great influence is at any time misdirected. To this end, according to Mr. Teter, it would seem desirable for the trust company or national bank developing a fiduciary department to heed that there is something more than com- mercial profit to be considered. One of the problems which the trust division of the American Bank- ers’ Assoclation is now working on, through an excellent committee, is that of State and Federal Inheritance taxes. This is one of the most im- portant questions before the people today. Economy in Branch Banking. Branch banking has been developed in some centers so intensively that in not a few instances such branches constitute a liability and expense rather than an asset. To managements of banks and trust companles, which are seeking greater economy in the conduct of branches the experience of the Washington Loan and Trust Co. may be of interest. In establishing the West End branch at Seventeenth street and Pennsyl- vania avenue northwest, in 1916, to serve hundreds of the bank’s custo- mers because of the transfer to new Goverfiment bulldings, President Lar- ner introducéd an innovation. In- stead of conducting the branch as a unit with its own force of book- keepers, tellers, files, etc, a system of telautography was introduced so that the daily records are kept and the routine conducted as part of the operations of the main office. This obviated the expense of separate clerical forces and separate sets of entries and bookkeeping. In the nearly eight years that this plan has been followed it has amply demonstrated its success, which is further evidenced by the recent erec- tion of a handsome new building for the West End branch. & i WOOL MARKET DRAGS. Buyers Continue to Press for Low- er Price L?pls‘ Special Dispatch to The Sta BOSTON, March 7.—Raw wools were slow today, with continued pressure from buyers for lower levels. Fine Ohio fleeces apparently are estab- lished at 65 cents in the grease, and Michigan stock at 60 to 62 cents. Some Montevedio fives have moved at 48 cents grease basis and Australian 64-70 supers have been offered under $1.40, clean in bond, AMERICAN BALANCES ARE AIDING BRITAIN By the Associated Press. NEW YORK, March 7.—Raising of the Bank of England's rediscount rate to b per cent, a sharp break in wheat prices, establishment of a record high price for all time by the stock averages followed by a period of irregularity and a lowering of call money rates, were the outstand- ing features of this week's financial Jnarkets. The higher Bank of England rate, which was without effect on the local securities market, s expected to re- sult in the retentlen of large Ameri- can balances in London and thereby assist in Great Britain's return to the gold standard. HOG ADVANCE HALTS. Saturday Market Sees 5 and 10 Cent Declines. Special Dispatch to The Star. CHICAGO, March 7.—For the first time this week, the hog trade failed to show higher prices from the start. Demand for heavy lots was slow, and some of the sales were 5 and 10 cents off later in the session. Fresh supply was posted at 5,000, and of these nearly 1,000 were received by the big killers from other trading points. A week ago today best hogs sold at 12.40, while choice lots sold at 14.25 from the start today. Bulk of good packing hogs sold at 12.80a13.25 and good pigs went at 13.00 and down. f | FLOUR COMING DOWN. MINNEAPOLIS, March T7.—Flour, 135 to 50 lower, at 9.65a9. ship- ments, 38,876 bbls. Bran, 24.00a24.50. Wheat, No. 1 northern, 1.73%a1.743%; May, 1.73%: July,’ 171%. Corn, No. 3 yellow, 1.12%al.14%. Oats, No. T ite, 46a46%. Flax, No. 1, 3.003a .05 1%, SAVINGS DEPOSITS UP. BOSTON, March 7 (Special).—Sav- ings deposits in New England have increased 39 per cent in the last five vears with a 10 per cent advance in the number of accounts. LIVE POULTRY LOWER. CHICAGO, March 7.—Poultry, alive, lower ; fowls, 5B25 Springs, 30; roost- ers, 19 ; turkeys, 2! ucks, geese, 14. WASHINGTON, D RAILROADS EFFECT HUGE FUEL SAVING Increased Efficiency in Use of Coal in 1924 Said to Have Reached $29,500,000. 1 Dispatch to The Star. NEW YORK, March 7.—How the rallways are saving many millions of dollars by increased efficiency in the use of fuel is shown in the Rall way Age. It estimates that the in- crease in efficlency in the use of coal in 1924, as compared with 1923, saved $29,500,000, and that increases in effi- clency in 1924, as compared with 1920, four years before, saved about $44,000,000. These cstimates do not allow anything for savings due to reductions in the price of coal, Savings in Millions. “The average number of pounds of coal consumed per 1,000 gross ton miles of road freight service in 1923 was 161 pounds” says the Railway Age, “and In 1924 only 149 pounds—a reduction of 12 pounds and the best year's record ever made. Total gross ton miles in 1924 were 1,085,765 mil- lions. The amount of coal saved in road service by increased efficiency in its use was, therefore, 6,514,590 $3.05 per ton and therefore the sa tons. The average cost In 1924 was ing_was about $19,870,000. “The amount of coal consumed in passonger service was reduced from 18.1 to 17 pounds per passenger train car mile, or 1.1 pounds. This made a further saving of almost 2,000,000 tons, or about $6,100,000. “The foregoing figures are for road service only. There must be added for other service a saving by the class 1 roads of approximately $2,500,000. It would appear, there- fore, that the saving accomplished by the class 1 roads solely by in- creased efficiency in the use of coal was about $29,500,000. Less Ceal for More Freight. “The reduction in the amount of coal used by the class 1 roads in 923, as compared with 1020, was about 5,169,000 tons, although the freight service rendered in 1923 was slightly larger, and although, in spite of & reduction of passenger traffic, there was no reduction in the passenger service rendered. If the saving o 1933, as compared with 1920, b8 added to that made in 1923, the total saving in 1924, as compared with 1920, is found to amount to about 14,400,000 tons of coal, or at the average price paid in 1924 to more than $44,000,000. “This saving would pay a 5% per cent return upon an investment of about $770,000,000.” LIVE STOCK MARKET. Special Dispatch to The Star. BALTIMORE, March 7.—The live cattle market rules steady to firm, with demand fairly active but center- ed on first grade quality. Common to ordinary cattle slow sale even at the lower values quoted. Receipts at the stock yards have been only moderate the past week and very light on the wharves. Much .of the receipts of calves has been of rough, heavy stock, which is not wanted even at sharp discounts. Quotations today at Light Street Wharf: @ Beef cattle—First quality, pound, 9 to 10; medium, 5 to 8; bulls, as to quality, 3 to 5; cows, choice to fancy, 4 to 6; common to fair, 2 to 3; oxen, as to quality, 4 to 6: milk cows, cholce to fancy, head, 50.00 to 75.00; common to falr, 30.00 to 50.00; calves, veal, choice, pourd, 13 to 13%; ordi- nary to medium, 11 to rough and common, 8§ to 10; small culls, 8 to 10. Sheep—Choice, up to 8; old bucks, 6 to 7; common, 4 to 5; lambs, choice, 17 to 18; fair to good, 14 to 16; com- mon, thin, 10. Hogs—Straight, 11 to 11%; 7 to 9; stags and boars, 4 to pigs, 10 to 12; shoats, § to 10. sows, live BUTTER PRICES HIGHEB, CHICAGO, March 7.—Butter higher, creamery extras, 48; standards, 47%: extra firsts, 45847; firsts, 40a43; seconds, 34a36%;. Eggs higher, receipts, 18,296 cases; firsts, 271%; ordinary firsts, 25%a26. BATES ON BAR SILVER. LONDON, March 7.—Bar silver, 32 3-16d per ounce. Money, 2% per cent! 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Please send without cost or obligation to me your Free Proof Treatment Nam Post| HARMLESS LAXATIVE For Sick, Feverish, When Child is Constipated Give “California Fig Syrup" 5 Children love the plun.nz taste of “California Fig Syrup” and ly take it even when bilious, everish, sick, or constipated. No other laxative regulates the tender little bowels so micely. It sweetens the stomach and starts the liver and bowels without eramping or over- :etmg Conuh. =0 ungth ”~ SR ORAR Te lin‘ el ‘el yunr ist you nnt the genuine "C: fomu Fig" Sy:;;’ which has directions Mr babies and children of “all " ages | printed on we' Mother! You must sy ifornia” or imitation fig syru| you e MARCH 8 1925 Fresh, New Drug Store Merclwndue Always Sold at a Saving in the 18 Bluy Stores Service Stations In all-of our stores you will find a complete stock of Kodaks and Cameras. Keep a Kodak story—nothing will glve you as much pleasure, now and in later years, : You will be delighted with our quick, eflicient developing and printing de- partment. Leave vour films at Peo- ples next time vou take any pictures. 25¢ Pint Peroxide Special ) 13C The Best Quality Peroxide that we can purchase. for a discriminating clientele. Full pint bottle. This sale, 13c. Lifebouy Health Soap Special— 4 Cakes, 21c An extra low price on this nationally known “Health Soap.” (Limit, four cakes to each customer.) Water Bottle Special, 670 Beautifully Finished, Seam- less, Red Rubber Water Bot- tles, fully guaranteed for one year. 2-quart capacity. Mon., Tues. and Wed. Only! 75¢ Dr. Mentzel’s Toothbrushes Special, 380 A Real Quality Toothbrush for men. Extra large size. Has pure, sterilized bristles, strongly set in attractive handle. Bhuilt for service. ne Main 5215, E'I GH' TEEN S TO!RL —The Better to Serve You Just Received 2-Quart Size Aluminum Pitchers Special 65c Highly Polished Aluminum Pitcher, full two-quart capacity. Panel effect, as illustrated. Just the thing for table or kitchen use. Aluminum Percolators, 98¢ Excellent Quality Aluminum Percolator, eight-cup capacity. Beautifully finished, and has black wood handle. Specially priced at 98c. Toilet Articles —Priced Very Low . 17¢; 3 for 50¢ 17c 25¢ Mennen’s Talcum Powder.__ 25¢ Mum Deodorant. 30c Resinol Soap 50c Mulsified Cocoanut Oil Shampoo... 50c Ipana Tooth Paste.. 75¢ Bleachodent Combination . $1.00 Blondex .. 35¢ Cutex Nail Preparation.. $1.00 Delatone Depilatory $1.00 Elmo Tissue Cream.. 35¢ Frostilla Lotion... 60c Glostora . $1.00 Ingram’s Mtlkweed Cream.... 50c Java Rice Face Powder....... 60c Jergen’s Benzoin and Almomi Lonon 75¢ Liska Cold Cream. 50c La Blanche Face Powder-... 50¢ Lashbrow Pomade.... 50c Mennen’s Shaving Cream. $1.00 Mando Depilatory........ Home Remedies —At a Great Saving $2.25 Dryco Milk Powder 25¢ Zymole Trokeys.... 60c California Syrup of Figs 35c Freezone, for Corns. 50c Phillips’ Milk of Magnesia... 50c Listerine Antiseptic. $1.00 Scott’s Emulsion. 60c Bell’s Pine Tar 60c¢ Piso’s Cough Remed: 60c Musterole Ointment.... $1.25 Gude’s Pepto Mangan 35c¢ Glycothymoline ... 60c Gastrogen Tablets. 75¢ Glover’s Mange Remedy. $1.50 Gray’s Glycerine Tonic- $1.00 Horlick’s Malted Milk.. $1.00 Borden’s Malted Milk $1.00 Hypo-Cod Tonic.. 35c¢ Juniper Tar.. 85¢ Jad Salts ...... $1.10 Joint Ease.. $1.49 -..17¢; 3 for 50c —ua long, cool smoke! Havana Darts (panetelias) Real 10c Quality ata 50 Price A long, “thin shaped” cigar of choice JHavana and domestic tobaccos. Try one today. Carton Sale of Cigarettes Carton of 200 Cigarettes \ $].25 Camel Piedmont Chesterfield Lucky Strike Sovereign old Mill Sweet Caporal avings! Mon., Tues. and Wed. Only! 25¢ Seidlitz Powders Special, 13C Box of 10 complete Seidlitz Powders, purest and highest quality. This sale, 13c. Tooth Paste Special, 32¢ A delightful dentifrice for keeping the teeth pearly w! lme and gums healthy tube, this sale, 32 50c¢ Johnson’s Chocolate-Filled Straws ‘ Special, 29¢ Lb Crisp, Delicious Straws, filled with a most delightful chocolate cream. Tempnng and fresh. Large pound tin, this sale, 29c. 25¢ Spiced Jelly Eggs Special, 15¢ Lb. Fresh, Delicious Jelly Eggs, just received. Assorted fl vors. Be sure to take home a pound or two for the kiddies. 29¢ Aspirin Tablets Special, 1 8c Bottle of 100 Five-grain Aspirin Tablets ‘of highest quality and purity. For the relief of headache, colds, ear- ache and pain in general. Add Life to Your Shoes! NU-SHINE Makes Old Shoes Look New Len‘duru Life of New Shoes Away Goes Useless Weight Quickly 2 to 5 pounds in one bath If you want to discover the easy way to take off weight— the way that has amazed and delighted thousands—try a pine hot spring bath tonight. These baths have taken off from 2 to 5 pounds in one bath for many people. SAN-I-SAL 89c at Peoples- It takes.but a minute to apply NU-SHINE, and the beautiful, bright shine will last for a whole week. gxlr-ouc Sized 21 c 60c Best Quality Jordan Almonds special, 39¢ Lb. Large, Specially Selected, Fresh Roasted Almonds, with a temq_!lng, thin sugar coat- ing. he very best quality Jordan Almonds.