Evening Star Newspaper, March 10, 1925, Page 19

PRICES HOLD FIR ATCENTER MARKET| Perive One Year) - GREAT SALESMAN Vegetable Receipts From South Heavy—Meats, But- ter and Eggs Unchanged. Vegetables, many of m from listant grower o presenting an tractive appearance in the loc irket. Hothouse cucumbe ney as any stock ever seen on the al market, are supplying the trade. \ey are only fairly plentiful, how- ver, and high prices prevail New cabbage from Florida is be- ing received in liberal supplies, but the demand is only moder Re- cipts of old stock are light, and sales are so few that prices ake not Large Celery Receipts. Liberal supplies of celery from +Florida 1 California are being re- ceived. The market steady and nd light. Only light supplies of 1d light supplies of lettuce received tomatoes are not very the demand is moderate and arket steady. String beans, carrots, et potatoes and beats are being eived in limited quantities, while eipts of cauliflow re heavy and demand light of most other commodities, meats, butter and eggs, have ne but little change. Wholesale Prices. ney, tub, ® packed, prints, ndled, 28a 29; average re Poultry—Alive, Winter chickens, ; fowls, duck ? young, illed Ives, choic thin, 8a9; lamb: arket report on fruits and furnished by the Market ureau of Agricultural Honemics, says: Apples—Supplies limited; dema moderate, market steady: barrel land, Virginia and West Vir- 2% inches up, Black Twi 50a7.00; Yorks, mostly inches up, Yorks best, most Northwe n medium to )1 stock. elery—s demand d trading light, market steady Florida, 10-inch crate 024.00; §-10 do; m Lett Supplies »derate, market fairly steady; Imperi 6 dozen reported nd ited. Onions—Supplies demand Imited, market steady; New York and Ohlo 100-1h. sacks Yellows, U No. 1. medium to large sizes, mostly 3.00; ew hi Potatoc lies moderate; de- 1d modera ket steady; old ck; New Kk, 150-1b. sacks, U.S. NG.I'1, 2 5 Michigan -1b. sacks Russet Rurals, U 0135 new stock, double- rTC wulding Rose, U. S. 3.00213.50; U. S. No. 2, 11.00 Spinach—Supplies and moderate, moderate; de- market firm; Texa bushel baskets Savoy, best, 1.40, some | poor condition low as 1.00; Carolina South sth-top veneer ~barrels savoy, ] : Norfolk saction, - i barrels r quali es—Supplies light: demand market steady: Florida, 6s turning, wrapped, fancy count, most- 5.00; choice count, 4.00a4.50; few ordinary condition, ~wide : prices, low as 2.00. aulifiower—Supplies mand moderate, fa crates best, and condition, 2. : Beet Supplies Light. Carrots—Supplies light lig market steady basket A Beets—Supplies light; demand mod- erate; market steady; Texas, bushel baskets, best, 5.00; fair quality and condition, some tops decayed, 2.00 liberal; de- ket steady ; ordinary qual- demand Texas, bushel ing zeans—Supplies very light; mand moderate; market firm; Flor- “s-bushel hampe poc ow as 4.00. Squash—Supplies moderate; demand ady; Alorida, pep- white and yellow, mostly rawberries—Supplies very light demand good: market firm; Florida, Egsplant—Supplies moderate; de- mand and trading light; market eady: Florida, pepper crates, large , 5.00; small 00, Peppers—Supplies very light; de- mand limited: market steady; Cuba crates, large size, 6.00a7.00. Peas—Supplie it; demand light; market Florida, 7% - bushel 50; Mex- | CHICAGO LIVE STOCK MARKET « CHICAGO, M h 10 (United States Department of Agriculture).—Hogs— R 00 head very slow; ostly steady to 15 lower than Mon- earl. top, 14.00; bulk, 190 pound averages, 1 13.90; pound verages, most 3. bulk lhul\ g a12.80; strong big packers 18.60a13.90; 13.00. Cattle—Receimts, 9,000 head; fed nd yearlings slow fully ; quality rather plain: seyeral carl 10.4 best avyweights, St pigs, 12.00a ies, 11 iwverage 1,495 pounds | hulk fed stee and yearling A 1 ; fed she stock dull round dv: bulk butcher cows, 4 wnners and cutters, mostly 3 wteady: bulls weak, spots desirable bologna flves gene steady, with Mon- decline; bulk to packers, 11.00a 50; outsiders upward to 13.50; stockers and feeders active, strong: spots higher; bulk, 7.00a8.00, Sneep— Receipts, 15,000 head; very slow, most bids on fat lambs weak at late Monday's a1.00 decline; cholce heavyweights 20 to 91 pound: occastonal sales of upward to 17.25: fed sheep stead lambs to 50 lower; WRIGLEY SALES GAIN. NEW YORK, March 10.—A Inerease is reported in_earnings of the William Wrigley, Jr., Company for the current quarter, which are cstimated at $2,500,000, equal to S1.41 a share, against $1,716,083, or 98 conts @ share, in the preceding quarter. Februwry sales were said to be 15 per cent ahead of last year. green best, | Nation’s Necktie Bill $45,102,814 The Nation's annual necktie bill was $45,102,814 in 1923, according to data assembled by the Depart- ment of Commerce. A bill of S for underwear and 5 for handkerchiefs and was included in the $102,- 7 total of haberdashery man- ufactured in the year. B AR INGOT PRODUCTION DROPS IN MONTH Farm Loan Bonds on Sale. Pig Iron Sales Up—Other Financial Briefs. By the Associated Press. NEW YORK, March 10.—Steel in- got production in the United States during February was approximately 3,740,004 tons, compared with 4,180.- 413 in January and 5,809,155 in Feb- ruary, 1924, it is calculated by the American Iron and Steel Institute on reports from companies which made 94.54 per cent of the output in 1923, Land Bank Offering Out Today. A new issue of $3500,000 Dallas Joint _Stock Land Bank of Dallas, Tex., 5 farm Joan bonds is among new offerings today, priced at 103% and accrued inter eld about 4.56 per cent to 1935 and 5 per cent there- after to 1 St. Paul R. R. Survey Awaited. The financial district does not ex- pect that the report of the engineer- ing firm of Coverdale & Colpitts on its survey of the property of the Chi- cago, Milwaukee & St. Paul will be made public for at least two weeks. Bankers representing the road and W. Colpitts are holding confer- here, which has intensified in- terest in the position of the St. Paul and its $45,000,000 bond issue, matur- ing in a few months. Tank Car Plans Delayed. Action on the reorganization plans for the Standard Tank Car Co., has been deferred by stockholders until March 16, when they will vote on a new issue of preferred stock and re- tirement of the present trust certifi- ates for new ones bearing a lower rate of interest New 0il Contract Expected. It is reported from Pittsburgh that directors of the Columbia Syndicate will meet tomorrow to consider an operating contract with the Atlantic Refining Co., said to involve favor- able royalties. Pig Iron Sales Jump. Pig iron sales in the New York market jumped to 25,000 tons last week from 3,000, the week before. Central Foundry Co. and United tates Cast Iron Pipe and Foundry did the bulk of the buying. Crude Oil Contract Closed. Advices from Texas state that a contract has been closed for 100,000 | barrels of Wortham crude oil at §: barrel, an advance of 30 cents a barrel. NEW FOOD RULES ARE RECOMMENDED Agriculture Department Plans for Standards Which Will Bet- ter Protect Public. tandards for various food products have been drawn up by the joint com- mittee on definitions and standards, according to an announcement today by Dr. W. W. Skinner. The defini- tions and standards for food recom- mended by this committee are to be used by Federal and State food of- ficials to guide them in enforcing laws to prevent the adulteration and the misbranding of foods. The committee will shortly issue tentative revised definitions and standards for fruit products, includ- ing jams, jellies, preserves and mar- malades, and for alimentary pastes and for butterfat. Tentative defini- tions and standards for almond paste and for sauerkraut were also pre- pared and will be issued shortly. A final schedule for meat products was approved and will be recommended for adoption. | FRUIT INDUSTRY SHOWS SURPRISING EXPANSION | Agriculture Department Reports Biggest Gains in Apples, Oranges and Grapes. Rapid development of the fruit in- dustry in the United States during re- cent years is brought out in figures on carlot shipments just compiled by the United States Department of Agricul- ture. More than 450,000 carloads of 17 leading fruits were shipped in 1923 as compared with 346,000 in 1920. Expansion has been most marked in the shipments of apples, oranges and grapes. Shipments of apples increased from 109,000 carloads in 1920 to 134,000 . Oranges jumped from 50,000 in 1920 to 76,000 carloads in It hipments of grapes were 41,000 ars in 1920 and 65,000 cars in 1923. THE EVENING PRINCE OF WALES British Merchants Believe His Tours Draw Much World Trade. By J. C. ROYL Special Dispatch to The Star. NEW YORK, March 10.—The Brit- ish merchants and manufacturers are anxious for Davy Windsor to get) back on his own job. For prejudice against being “in trade” has dis- appeared from the courts and high social circles of the world, and dis- tributors regard the Prince of Wales and the Duke of York as the two premier traveling salesmen of the world. They are eligible to hold high rank in the United Commercial Trav- elers and American business men have come to realize that their representa- tives cannot afford to overlook the royal competition. Men in foreign trade know that the visits of King George's sons to foreign countries and the British dominions, in their effect at least, are as much commercial as political and that the two Windsor boys are “business get- ters” second to mnone. Cally Prince Great Salesma: A Montreal merchant toda: clared the Prince of Wales was the greatest salesman that ever set out from Great Britain. “There is a nat- ural tendency among inhabitants of the Dominions to purchase British- made goods if the terms are rjght,” he said, “but his visits bring the fact of empire home to Canadians as noth- ing else could. His personality, his tact, his grasp of large affairs, are the links which translate Canada to South Africa and Newfoundland to Australasia in a business as well as a sentimental sense. Personality Helps Sales, “It is obvious his visits to the Do- minions bring in their wake a large increase in business with Great Brit- ain. His personality is the best sales talk that could be made. This im- petus is_not confined to what he wears. His introduction of blooded English cattle into Canada, for ex- ample, has bgen followed by a steady stream of animals from English farms to Canadian ranches. Every- where his royal highness goes there follow in his train inquiries for British goods of every description.” Grosvenor M. Jones, chief of the finance division of the Department of Commerce, said today there is no doubt the prince’s visits have a fine effect| of establishing good will for England | along trade lines, although just how far they go in actual monetary value | is hard to estimate 5 Observations Bring Fortune. | The prince is reputed to have made | a very considerable fortune as a re- | sult of observations he has made on his various “visits.” Undoubtedly he has has interests in a number of lines | of British industry, but his missions are of a broader scope than any per- sonal investment could include. In effect, if not in name, he is the com- mercial representative of the empire and it is extremely likely that when | he visits big industrial concerns in foreign lands he drops a hint now and then which spells sales. His coming trip to Argentina is counted on to do much for British trade and shipping. Buenos Aires has | many stores controlled by English | apital. The largest railroad in the country is British owned. It is plan- ned for him to visit districts remote from Buenos Aires where the local { business people have never had op- portunity to come in contact with. a world personage. This contact is ex- pected to turn a flow of Argentine money into British tills both in Bue- nos Aires and in England. Chicago Methods Studied. In view of the fact thiat the Amerl- an packers have outdistanced their British competitors in Argentina, the somewhat close study made of the packing industry by the prince during his visit to Chicago is significant. It may result in a revamping of British methods in South Ameri. Considerable pressure is being ex- erted to induce the prince to extend his journey into Brazil, where Brit- ish railroads are agitating for per- mission to increase rates. Brazil has been seeking for a British loan to finance her coffee valorization scheme. If these and similar negotiations go through, they may not show on the prince’s order book, but he will be credited with the business, none the ess. Made Exposition Success. His sales ability is exercised at home as well as abroad. It is unquestion- able that he was responsible for the final success of the Wembley exposi- tion and that he pulled it through by his continued presence at the empire | show. Hls brother George is now successfully duplicating ~ Edward’s work in South Africa. What he lacks in Edward's colorful personality is being made up by the graciousness of the duchess who accompanies h | VERY SMALL STOCKS OF CORN ON FARMS Government Reports Smallest Amount Since 1917—Wheat Also Largely Sold. Stocks of corn on farms March 1 amounting to 801,609,000 bushels were shown in figures made public yester- day by the Department of Agriculture to have been the smallest for that date since 1917. Since 1898, when the department's records began, the total COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, March 10.—Pork prices have not as yet responded to the ex- tremely sharp advances in the price {of hogs scored during the last week. Packe v the prevailing high meat prices have caused export trade to slump. The lowered receipts of cat- | tle have brought a freer movement of dressed beef. | DENVER, March 10—The Straten :|No. 1 well of the Union Oil Company of California, located in the Fort Col- lins field, is now showing a produc tion of close to 15,000 barrels a day. This well is 400 feet north of the Whittaker discovery well of the Union Company, which came in pre- maturely last August, and which has sinos been leaking 700 barrels a day Dbetween casings. SAN FRANCISCO, March 10.—Rice growers in the Delta region of the an Joaquin Valley now are planting, and this season’s acreage is expected to be 50,000 more than last year. Short supplics from ether sources prompted A group | of California capitalists will build a gas line from the north Loulsiana gas fields to Memphis, Tenn., a distance of about 200 miles, at a cost of $10,- 000,000. A right of way has already | these issues. been purchased. DETROIT, March 10.—February pro- duction of the Chevrolet Motor Co. was 26,202 cars. The March schedule calls for 37,000 - has been lower only once, in 1902. The 1924 crop was short, totaling 2,437,000,000 bushels, or 617,000,000 bushels below the 1923 figure. Only 66.3 per cent of it was merchantable, compared with 80.8 per cent in 1923. High wheat prices were held re- sponstble for the small wheat stocks on farms and in mills and elevators, totaling 182,993,000 bushels, compared with 236,000,000 a year ago. BANKERS TAKE OVER BIG RADIO HOLDINGS By the Associated Pross. NEW YORK, March 10.—Interest in the radio group on the Curb Exchange, says the New York Evening Post, was intensified since Saturday by the announcement that holdings of Freed- Bisemann, Dubilier, Ware and a number of other issues had been taken over and are now controlled by a quickly organized banking group, relieving the market of pres- sure, which has been continuous for many weeks. The relief from lig- uidation was reflected in advices in Ware and Freed-Eise- | mann both moved up a point in the ecarly trading, but the group gener- ally was without demand. EXCHANGE SEAT UP. NEW YORK, March 10.—A seat on the New York Cotton Exchange, own- ed by the estate of Frank C. Millett, was sold for $32,500 to Samuel New- burger, an increase of $1,000 over the previous transaction, STAR, WASHINGTON, D. C., TUESDAY, MARCH 10, 1925. The Hub The Hub Seventh and D Sts. N.W. 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Alaska Apartment Style Refrigerator 329 White enamel lined—50 pounds ice capacity—gen- erous size food chamber with two sanitary remov- able shelves. Cork lined— see it through the glass window, 50c a Week e SS Chifforobe Golden oak finish—made with a roomy compartment in which to hang $19.75 Charge It! Oak Buffet Have It Charged! China Cablnet Golden oakc finish—bent glass $19.75 On Credit! 1 four shelves Extension Table Golden oal pedestal base—sturdily built and nicely finlshed. Special— Iti Three pieces—continuous-post white -namel bed, reversible mattress and sven wire spring. $16-75