Evening Star Newspaper, April 7, 1925, Page 27

TOBACED GROVERS ARE VERY ACTI: Virginia Farmers and Others Expect to Raise Much Larger Crop. BY J. C. ROYLE, Special Dispatch to The Star. RICHMOND, Va., April 7.—The cig- arettes which Americans will con- sume this year will number between 71,000,000,000 ana 72,000,000,000. This is the estmate today of Tazewell Carrington, president of the Tobacco Assoclatioh of the United States, With that prospect.ih view, tobacco growers are Mow more active than ever before. /They hope to make up the 500,000 pounds of leaf which rep- resented the drop in production in 1924 from the previous year. Virginia' Outlook Good. Sales of the 1924 crop to date ind cate that the cron of bright, dark sun-cured and burjey tobacco amount- ed to 909,676,000 pounds, as compared Wwith 910,273,000 pounds in 1923. There is every indication that the produc- tion of burley tobacco in Virginia and of bright leaf in Georgia will con- tinue to increase, as they did year. A large proportion of th orop will be sold through the Growers' 1-operative and the remainder will be disposed of on the open market through competi- tive bids Activity in Many States, The activity In the tobacco fields 18 not cnfined to Virginia, the Caro- linas and Georgia, however. The burley growers of Kentucky, Ten- nessee, Ohio and Missourf have in- creased acreage and hope to bring the output to the 1923 standard of 326.760,000 pounds, w ch was 186,- 000,000 pounds more than was raised last year. Farmers have not experi- enced the difficulty this year get- ting their flelds planted which they encountered in 1924. Increased acreage, however, does not promise -any lessening -of price to growers or reduction in cost of manufactured product to consumers. In Virginia, bright leat of last year's crop has been bringing $21.50 a hundred, as compared with $20.57 a year ago. Dark leaf is quoted around $19.50, as compared with $18.08; sun cured, $1450, as compared $13.22, and burley around $21 Tobacco has bBecome one of the money crops of the South and prices now are 75 per cent higher than be- fore the war. This has given en- couragement to the farmers and they are getting thefr fields in shape rapidly. Prices for cigarettes promise to be exceptionally stable, according to Mr. Carrington . The falling off in cigar consumption will not particularly affect the Amer- fean growers, since the larger part of the Southern production is not adapt- ed for cigar manufacture. Of the cig- arettes made here, approximately 11,000,000,000 will be shipped to the Orient. China is now the best for- elgn customer the American tobac- co manufacturers have, and the con- sumption there has increased nearly 200 per cent in the last 10 years. Seed Also Sent to China. In addition, a large quantity of leaf tobacco is exported to China, which is made into cighrettes in that coun- try. Large quantities of Virginia seed are scld to China each yvear, and that country now is producing nearly every variety of tobacco grown here. In spite of this, leaf tobacco which will be sent to China this year will suffice to manufacture about 15,000, 000,000 cigarettes. The increase in acreage and in to- bacco consumption will have a mark- ed effect on other industries in_ the next six months. Chlef among those obacco ers, who make tobacco cloths for protecting the growing plants, paper makers, foll manufacturers and pro- ducers of glue and printer's ink. | redeem last | 1925 | Assoctation, | with | benefited will be textile manufactur- | to Baitimore. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. FRENCH BONDS. In a preceding article I enumer- ated some of the reasons for the comparatively low selling price of French bonds. I want to dis- s the different provisions applying to individual issues simply because they illustrate the principles In- volved elsewhere in the bond list. There arve three direct obligations of the French government Msted on and actively dealt in on' the New York Stock Exchange. Of these, the simplest case is that of the Tls, due in 1941. These are entirely non- callable, and so directly reflect the credit of France in their market price except In so far as purchases for account of the sinking fund tend to support the quotation. The Amer- ican banking representatives for the French government have available not less than $9,000,000 annually with which to purchase French T%s at a price not cxceeding par. It will at once be seen that this s a powerful influence tending to keep the price from falling much below that figure. French 8, due In 1945, have'also the support of a sinking fund, in this case amounting to $4,400,000 an- nually, to be applied to the purchase of bonds up to and including 110 up to- December 15, 1925. Thereafter the available amount is to be used to bonds by drawings at 110, After the present year the holder of # French 8 has g chance of his bond being paid off ‘at 110, which also operates to hold up the market price and gives a speculative attraction. The 7 por cent issue, which was sold in December last, has an annual sink- ing fund of $4,200,000 annually to be applied to the purchase of bonds up to 105, or, if o not obtainable, to re- demption by lot at the same figure. Intending purchasers of French bonds should bear in mind these varying provisions. now (Copyright, 1925.) QUAKER CITY TO KE—EP up OCEAN TRAFFIC FIGHT Merchants Want More Passenger Business to Europe in Spite of Vetoed Bill. Special Dispatch to The Star. PHILADELPHIA, April 7.—Business and commercial organizations will con- tinue to seek new. means of inducing inauguration of steamship passenger traffic between this port and Europe. { They declare they are not discouraged over the veto of the measure permit- ting the city to underwrite the Inter- national Mercantile Marine service if that company would operate passenger ships from Philadelphia, which Gov Pinchot declared unconstitutional. o WOOLWORTH AND KRESGE REPORT LARGER SALES By the Assoclated Press. NEW YORK, April 7.—Chain store ales in the first quarter this year generally show marked improvement over the same period last y F. W. Woolworth Co. reports $45,970,- 087 against $41,471,238. March sales oxceeded those of the same month last year by more than $1,000,000. S S. Kresge gained 13.1 per cent for the quarter, the total of $20,769,600 comparing with' $15,350,889. March sales jumped $.40- per cent. B. & 0. LIFTS EMBARGOES ON GRAIN SHIPMENTS Special Dispateh to The Star. BALTIMORE, April 7.—The Balti- more & Ohio Rallroad has lifted its embargo on grain moving over lines This follows the action taken by the Western Maryland- in removing its embargo last week. The restrictions had been in effec since the middle of last December. THE EVENING . STAR, WASHINGTON, D. C, PRICES HOLD FiRM AT CENTER MARKET Eggs Bit Lower—Straw- berries to Be Cheaper. Meat Unchanged Today. There i8 not the slightest possi- bility of a'nhortnxe in supplies of meats, poultry, butter, eggk, fruits and vegetables for the Easter trade. The egg jarket continues -easler, with no indication of increased prices before the Easter demand. s great- est’ Average receipts were quoted at 29, selected stock bringing 30, Te- tall prices covering a much ‘wider range. Liberal supplies of strawberries are being received from Florids: The demand is only moderate and the market shows signs of weakness, suggesting the probabllity of cheaper prices for the Easter holiday. season. Apples, oranges and grapefrult are being received in quantities suf- clently large to supply all Easter de- mands. s Only 1light or moderate supplles of gFeen vegetables from the South are being recelved. Supplies of peas, squash and peppers are light. String beans are being recelved in only small quantities, while supplies of new cabbage and lettuce are-liberal. Today's Wholesale Prices. Butter—Fancy, tub, 52a54; prints, 55a57; store packed, 20a23. Eggs—Fancy, selected, candled, 30; average receipts, 29. Poultry—Alive—Rooste Winter ~chickens, 35a38; fowls, 30: ducks, 15a22; keats, young, 60a70 each: geese, 15a20. Dressed—Fresh- killed Winter chickens, 35a38; roost- ers, 19a20; fowls, 28; turkeys, 45a50 ducks, 25a28; geese, 20a25; capons, a4s. Live stock—Calves, choice, 13; me- dium, 10al11; thin, 8a9; lambs, Spring, 13; live hogs, 13ai31. Meats—Beef, 17; veal, 17a20; lamb, 28; hogs, 20%a21; loins, 28a30; hams, 28a30; shoulders, 16a18. Frult and Vegetable Review. Today's market report on fruits and vegetables, complled by the market News service, Bureau of Agricultural Economics, sa: 2 Apples—Supplies light;+ demand moderate, market steady; barrels, Maryland, Virginfa and West Virgi- nia, A23% inches up; Winesaps, 7.00 a8.00; Ben Davis, 4.50a8.00; few 5.50; Yellow Newtons, 6.5048.00;° boxes, Northwestern, medium to large sizes, extra fancy Winesaps, 3.50a3.76; Yel- low Newtons, mostly 3.00; Deliclous, 4.25a4.50. Asparagus—Supplies moderate; de- mand moderate, market steady: South Carolina and Georgia, dozen-bunch crates, very large sizes, 5.30; large size, 4.50a5.00; small to medium sizes, 2.50a4.00. Cabbage—Supplies liberal; de- mand moderate, market steady; South Carolina, pointed type, 13-bushel hampers, ‘mostly 1.25; barrel crates, 25a2.50. “elery—Supplies moderate; demand moderate, market fairly steady; Florida, 10-inch crates, 3-4 dozen, best, mostiy 2.75; some fair quality, 2.2522.50. Lettuce—Supplies liberal; demand moderate, market fairly steady; Cali- fornia, Imperial Valley, crates, Ice- berg type, 4-5 dozen, 2.75a3.00; mostly 3.00; North Carolina, 5-peck hampers, big Boston type, ordinary quality, 1.25. 19; young Onion Market Stronger. Onions—Supplies light; demand moderate, market stronger; York, 100-pound sacks, Yello: & No. 1, medium to large sizes, 3.75; few higher. Potatoes — Old stock — Supplies moderate; demand limited, market steady; New York, 150-pound sacks, Round Whites U. S. No. 1, 1.85a2.00; Michigan, 150-pound sacks, Russet Rurals U. 8. No. 1, branded, 2.15a2.25. New stock—Supplies llberal; demand Tre]PALAIS ROYAL G & 11th Sts. Service and Courtesy Established 1877 * SAFEGUARD THE KIDDIES ~ PROTECT their foods carefully; every precaution is none too many. e In the formative and develop- ment period of their lives, as much depends upon the condi~ tion of their foods as upon the quality and caloric value. A Bohn Syphon Refrigerator in the home will assure preser= vation of their foods most satis- factorily. . After careful analysis of the abs normal conditions encountered in railroading, Bohn equipment was adopted by the Pullman Company and by the dininge car service of every railroad in this country. Such a testimonial to the effi- ciency and utility of the Bohn Syphon Refrigerator is an as- surance that it can fulfill your requirements. W It will safeguard the kiddies. Ifmited, market fairly steady; Flori- aa, double-head barrels, Spaulding Rose U. 8. No. 1, 7.75a8.25; U. S. : No. 3, 2.76 light; demand [light, market dull; Texas, bushel bas. kets, 75290. Strawberries—Supplies liberal; de- mand moderate, market steady; Flor- i, " pony refrigerators, best mostly 40; some, falr condition, 30a35. Tomatoes — Supplies 1ight; demand good for good stock, market steady; Florida sixes, ripes and turning, wrapped, fancy count, best mostly 6.50; poorer, 5.00a6.00; choice count, best mostly, 5.50; poorer, 4.00a5.00. Caullflower—Supplies very light; no jobbing sales reported. Sweet Potatoes Steady. Sweet potatoes—Supplies moderate; demand light, market fairly eteady North Carolina, cloth-top stave bar- rels, Porto Ricans No. 1, 5.00a5.50; white yams, 4.00a4.50. String beans—Supplies liberal; de- mand good, market slightly weaker; Florida, %-bushel hampers, green, best, 5.50a6.00; some, fair condition, 4.50a5.00. Peppers — Supplies light; moderate, market steady; crates, medium size, 5.00. Squash — Supplies liberal; demand light, market slightly weaker; Flor- ida, pepper crates, best mostly #50; tair quality, 4.00. Peas—Supplies light; demand lim- ited, market steady; California, 45- pound crates, best, 5.00a5.50; fair quality, 4.00a4.50; South Carolina, bushel hampers, smal, 3.00. demand Florida, you can trade in your suite as part payment no further use may be payment. This feature of our busi COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY i AKRON, Ohio, April '7.—Rubber manufacturers here have had an ex- ceptlonal volume of sales for the first three months of the year. They say, however, that the margin of profit has been small and met income has come largely from cuts in overhead. FORT WORTH, April 7.—Recent rains have resulted in a decidedly im- proved outlook for the Texas cotton crop. FORT COLLINS, Colo., April 7.—Oil from the Whitaker and Verstraten wells in the Wellington district now is moving to Salt Lake City in train- load shipments for refining. Two solid trains of ofl, valued at approx- imately $25,000 have been shipped in the last week? DUQUOIN, 1iL, April 7.—Farmers in this section are preparing to plant from 20,000 to 30,000 peach and apple trees this spring, The trees already in bearing have come through the winter well and a satisfactory yield is expected. BIRMINGHAM, Ala., April 7.—Com- missioning of new plants by the Ten- nessee Coal, Iron and Railroad Com- pany this month will add materially to the iron and steel pay rolls of the TUESDAY, APRIL 7, GENERAL ASPHALT district. 1925. BOOSTS EARNINGS Reports $6.04 for Common Stock—Phelps-Dodge Has Deficit. By the Associated Press. W YORK, April 7.—Net income of $1,572,529 for 1924 is reported by the General Asphalt Co, equivalent after preferred dividends to $6.04 a ghare on the common stock, against $1,075,106, or 5 o share, in 1923. Surplus after preferred dividends was $1,201,729, agalnst $707,306 the year before. Net loss of $3,937,997 for 1924 after interest, depletion and depreciation is reported by the Phelps-Dodge Cor- poration, agalnst net loss of §3,8 516 the year before. Gross income was $35,838,489, compared with $29.- 785,620 19 Profit was $4,426,929, in but depreciation and depletion charges | | exceeded 38,360,000, Profit and loss surplus was $80,938,533. A preliminary statement-of the St Louls-Soushwestern for March shows 27 a drop to $2,17 month first quanter was $6,518,794, a decr. of $31,527 period of 1924 of $49,264 In gross revenues| The 1,964, compared with the same last ar. The total fo the ase the corresponding | J Electric Power Corporation,! said to be the largest producer nt) electric current in Europe, serves a population of 16,000,000, in a reg: which includes Berlin and the Prov- in¢e of Saxony. under 7 [ SLIP COVERS TO ORDER 1\ e At Special Low Prices *75c¢c most stores We sell Genuine Belgian Slip- cover materials for, yard A price much lower than sell it for. Your 3-Piece Living Room Suite —upholstered like new, using new spring and other mate- rials when necessary. The labor for this work will be only ... e 0da ‘pieces upholstered at special low prices. Spacial low prices on_our complete stock of Tapestries, .Velours and Silk Upholstery Materials. I o AMERICAN UPHOLSTERY CO. hone, Write or 627 F St. NW. (ni—wan Wil Phone Main 8139 Bring Samplex. Delivers Any Refrigerator to Your Home Flies! Dust! Hot Weather! These three factors will soon be with us and you'll need a new Refrigerator to guard your ! The Phillip Levy Store, at 735 7th St., sensing the need for a plan whereby every family can own a first-class Refrigerator,. now offers to deliver any size or model to your home for only $1. The American Home Refrigerators on display are fully guar- costly food from them. anteed and were made specially for us by the address, 735 7th St. N.W. wt Trade in Your Old Worn-Out Furniture At the Phillip Levy store, 735 7th St., old dining room on a new one or any other furniture for which you have turned in as part ness is made possi- ble through our Exchange Department (lo- cated in our basement, entirely separate from_ new stocks), where all used goods are d: of. Some ubukual values In Gate-leg Tables are offered 10- the early ‘buyer. for Mon- day. _ Guté-leg _Tables de- Tivered for a_wmall deposit ot prices surt- 816 75 Double Day Bed, complete "‘td;“c:‘mnn’n (oance "had: Without m'e ta i ot $19.50 Double Day Bed, waltut metal ends, cretonne Soumee: pad. Delivered $36.50 for $1. Price... Comfortable Cofl _Spria Double Day Bed and L 2 Pad ‘Heguls Y W erit: '$49 50 $60 value. Now any. oaly- 5 i .. " . these Cedir Chest osed 3-plece Velour Overstuffed Kroeh- ler Bed Davenport Suites, with long Davenport. for tomorrow at Windsor - - Chairs Bimilar fo. picture, with panel back gnd turoed legs. Finished in'mahog. | Price Ad $1 Delivefi‘ a . Cedar Chest 1t won't be long now before the costly furs and Winter thes will" b food _for Jou store your wray end bed. in one of rgains : - $8.75 $12.50 $18.75 $19.85 $12.00 Chests, 50 Chests, 3.00*Chests, $25.00- Chests, with spring. room outfit for only Suite; now only Priced $179.50 the celebrated Gibson Refrigerator Co. $5 Allowed for Your Old Refrigerator Remember X~ Cut Prices on Fine Overstuffed Living Room Suites $335 Bow-front 3-plece Mohair s Suites, with moss edging. fireside chair. it now for only. Walnut Mohair Suite, with reversible cushions and backs; N VR §53g'7E mohair. Now Large $197.50 Buy Purchase These Bargains on Our Monthly Plan Warehouse Clearance of Bedroom Suites American Walnut, Semi-vanity Dressing Table, Double-door Chifforette and Walnut-finish Double Bed, Buy This high-grade PHILL Good slze American Walnut Dresser, Chiffonier, Full-length Vanity Dresser and Bow- ueen anmne $129.00 ; Liberal Extended Payments IP LEVY & CO. 735 7th St. NW- Large Walnut 4-plece Bedroom Suite, Full Vanity Dresser, Chifforobe. Large Dresser, Bow-end Bed, Spring, Mattress, Chair and Bench Complete “outfit in the Tudor period 3179 50 design, only .. f French Combination Walnut Suite, with 45-inch Dresser, Large Full Vanity, Chifforobe $197.50 and Bow-end Bed. A $239.00, value for only ceseoay Trade.in Your Old Furniture " Bohn Refrigerators Rangein Price From $37 t0 $275|