Evening Star Newspaper, January 29, 1926, Page 29

THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JANUARY 29, 1926. ® 29 CHEAPER AUTOS IN BEST DEMAND Manufacturers Note Trend and Seek Further Cuts in Cost of Production. BY J. C. ROYL Special Dispatch to The Star. NEW YORK, January 29.--Auto- Dobile manufacturers admitted today that the trend of sales from January COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, January 29.—FErnest G. Towes, president of Howes' Brothe: & Co., sole leather merchants, re- ports that the leather industry is in better shape than a year ago, that there is more stability to the market, with less disposition to sell and a healthier situation all around. CLEVELAND, January 29.—Ac- cording to President E. J. Kulas, o the Midland Steel Products Co., the concern did 25,000,000 worth in 1925 and a larger vol 6 is indicated by the order just received for $3,000,000 worth of steel stampings for Dodge Brothesre. MONTEREY, Calif., January 29.— PRIGES ARE STEADY ATCENTERNARKET Ample Supplies on Hand in Spite of Cold Snap—Vege- table Review. Return of cold weather had a good effect upon business about the mar- ket this morning, dealers reported, and they believe a more active con- ditjon will prevail tomorrow. Cold weather requires additional precau- 1925 BEST STEEL YEAR. Bethlehem President Reports Busi- ness Remarkable. NEW YORK, January 29 OP).— Characterizing 1925 as one of the most remarkable in the history of the steel industry, Eugene G. Grace, president of the Bethlehem Steel Corporation, announced yesterday that the com- pany’s earnings totaled $38,988,7 equal after charges and preferre dividends to $5.30 on the common shares, compared with $33,996,489, or $2.56 a share, in 1924, The final quarter's operations yield- ed the corporation the largest profits of any period during the year, net earnings of $10,643.136 comparing With $10,399,316 in the first quarter, $9.708,628 in ‘the second and $8,337,762 in’the third. WHITNEY FUND RAISED. ROAD SETSNEW INCOME RECORD Western Maryland’s Net for 1925 Best Yet—Cost of Operation Reduced. Special Dispateh to The Star SALTIMORE, January 2 come of the Western Maryla way in 1925 set a res although operating revenues w CALLS OUTLOOK BEST SINCE CENTURY BEGAN New York Banker Notes Great Change in World Psychology Toward Business. By the Associated Press. CHICAGO, January 29.—The year Merchants and Manufacturers Have Ample Funds. | 8pecia! Dispatch to The Star. BALTIMORE, January %9.—Demand for money has not come up to expecta. tion, and there is no reason to belleve that calls for credit wiil assume im- portant proportions until funds are MONEY DEMAND SLOW. |EXPORTS SHOW GAIN TO LATIN AMERICA Slight Decrease in Imports Seen in Annual Report of Commerce Department. 1926 opened with more promise and more warrant for optimism in busi- ness and world affairs than any other since the beginning of- the twentieth century, Francis H. Sisson, vice presi- dent of the Guaranty Trust Co. of ew York declared last night at the Midwinter meeting of the Illinois Bankers' Association. With agriculture, industry and busi- needed to cult to understand. AUTO SHOW POPULAR. finance Spring activities, say Baltimore bankers. Quiet of the loan market is not diffi- Merchants and manufacturers realized better than an average year in 19; perfod with the largest cash balance in their history and are in position to finance their needs without recourse to the loan market. Some closed the n of 12 per cent in exports and a loss of 2 per cent in imports in United States trade with Latin Amer- fea for 1925 was predicted today by the Commerce Department, based on figures for the 11 months ended with November. _Exports from the United States to Latin Ameris countries were placed at $86 $768.748,000 last year, were estimated at against $1,058,788,000 in 5 The in imports, the department said, 1 plainly reflects the strong demand | ha r of Califor i 04 v nd vege- | psu- v short of equaling those for 192 ness definitely on the upgrade both at was largely due to low sugar prices, ;:k!ehe DUDIIC Hfor Mlowet imotoriicdr | Coase ':-:}:;rlt"“: ot s . e e hfqur,“x*l: ® freezing, h;\r:“q.‘){‘:;:tu\ JI'""'rikzg'(‘f" Mem- | they were 823,055,036, and home and abroad and promising to re which more than offset the gain due 's. Consequently little, any, | dine season. cord d a handling eggs | E & o ‘otton EX- | when they totaled $20,; i Sis: ; = to high coffee prices. creased prices of tires and rubber i Ample suppites of all food products |1 Plice a bust of EN Whitney, In- | enues of §1 hTd atahility GHICE e 1925 o ance Ever Xn per cent in value and an increase of forcing advances in the cost of fin-| KA CITY, January were on hand this morning, and |YeMtOr of the cotton gin, iu the Hall | g7 compared with the pre b AN e e VoL Sown. 2 per cent in volume, while coffes ished « %o consumers. Visorousadditionall 150:0000bushels of Prces e e i The eme as | Of Fame, it is announced by Richard |j.a e ey e Special Dispateh to The Star. showed an increase of about 14 per denials of tire manufacturers that|capacity will be added to the plant |those reported yesterday. T. Harriss, president of the exchange. income was ! "I'hé greatest change has been in| BALTIMORE, January 23.-—Attend-|cent in value against a drop of 13 they contemplate price reductions|of the Moore-Lowry Flour Mills here. o § ——o increase, compir B i T ity ¥ he | @nce records for the 20 years during |per cent in volume. Rubber showed evidence of the pre; The new tanks will bring total ca Today’s Wholesalo Prices. DIVIDENDS DECLARED operating ratio in 192 p[[osL pexcholony, mherihan il thel| GHichi theranow hiss ihec. Laial wers| enihcusdss ar aboit 174 per cant dn been put upon them, not pacity to 400,000 bushels. Butter—Fancy, one-pound prints, p cent, against 74.03 per cent in BOE prORnead * |broken at the automobile show at the | value and 16 per cent in volume. larly by demand for co 51a52; tub, 49a50; store-packed. 35.1 NEW YORK, January 20 (®.—Di- | The increased volume of traffic IE — —|Fifth Regiment Armory last night| On the export side losses were investigation of their pi La., Ja v 29 Eggs—Average recelpts, 38: can-|rectors of +the Standard Nanitary | handled at a saving of §16 when 7,715 pald admissions passed |shown for the Barbados, Bermuda, fEtmiconsimers; e Increasing in | dled, 42a43; hennery, 45a46; storage, | Manufacturing Co. have declared a |operating expenses, & showir final balance earned on the $17,742,-|the gate. Cuba and Peru, and gains for every Since tire prices are still up, motor ket and rural merchants are | 23a24. dividend of $2 a share on the coni not equaled by any other rail-| 050 first preferred stock will approxi- | The 1926 show is reported as heing | other country or possession. Ouban R RCILTATS At e, awilti deter- [ 4sking for immediate shipment, in-| _Poultry—Alive: Turkeys, top, 44a|mon stock, which previously had been in the United States of com-|mate 10 per cent, on which accruals|a great ‘“sales” show. Within a |losses in export business aggregated mined effort to t dicating their stocks are low. Spring chickens, 3 fowls,| $1.25 a share quarterly. The regular | parable size ‘ ince 1918, when it became cumula-|short time last night two of the most | about thirteen and a third milifon dol- through economic methods ¢f produc PORBLAND, Ot Januars Leghorns, 22: ducks, 2 Reese, &U:-r!er;y dt;u;;ml of 1% per cent on| When adjustments of accounts are|tive, up to January 1 this year, total| popular cars on the floor were s0ld, | lars, while Cuba’s imports from this tion. s . E preferre: 50 W ized. estimated that the ! completea it is per cent. with immediate delivery promised. country dropped $105,000,000. of agnation of the potota ma E ket the Northwest continues. Output Costs Reduced. e X0 uvest oo Most grow- 27028, geese. B s Cor e e ers still hold for higher prices. 80a1.00. — = = are bing used 'in the me "u'-l ! - 0 3 netv o e iy I I | The Julius Lansburgh Furniture Co., 909 F St. | T i o then gheq befo MERGER IS APPROVED. |ifaice. 13t Oakland Motor Car Co. he reduction | ————— Meats—Beef, 16: lamb, 20a26; 5 today, as com h two vears With Western Land Firm. shoulders, 2la2l; f"‘-‘"’h h“"”" ° 0’ a u q)fo g0, ranges fr per cent in = R s . i Fruit and Vegetable Review. J s. iis b and Zine Co. and the Underwriters | Vegetables (compiled by the Market without anjy e i Land Co. has been approved by stock. | News Service, Bureau of Agricul- ) o iroaseamng holders of the two companies here, conomics), say: » 1000 cars & day with 5,000 The properties merged are valued at | APples—Supplies moderate; de- . 1 cars a day with 5, more than $3,000,000, and consist of |[mand limited account weather, mar- Plgyss than fwere on(he pav nine millx in the Picher, Okla., dis-|Ket steady: Barrels, few sules; Vir- ; tios. when the high peak of produc:|irjet, in uddition to leases and royalty |&inia and Pennsylvania, A, tion was 1y, accordin interests. * | Staymans, most .00; A, PofDeplt SiSuaiehositouny DT The company will be incorporated | mostly ; boxes, Washington, me- E Datlon was brousht about by under the laws of Delaware. Directors [dium to large size, extra fancy De O Lo sauipment and to meih | elected today Include: John B. Swift, [licious, 3.75: fancy, 3.153.25; bushel 5 o . v - dling materials and stock. | president of the Bagle-Picher Lead |bas no sales reported. . I; Sormsing. devicer. such | BSSnE, of (he Eagie-Plher Lead | beskets, no sules réported Offers An Exceptionally Fine Value in Bedroom Furniture Y have incre: eed of | vice president and treasurer of the |mand limited account weather, mar- = £0; l\vrudm for i reduced | Eagle-Picher, Chicago. ket steady: new stock, Florida, 13§- Much has been accomplishe Solsnt bushel hampers, pointed type, 3.23a G SE0IAL 10 Thake ) mostly 3.25: Texas, 1l3-bushel e pandin 11 RAILROAD SUIT DROPPED. |55, 50"y foae® phda ndard nd checking hi simplified, so thai many v used in’ this work n using - cally, 3.00; old stock, New York, bulk, per ton, Danish type, 60.00a65.00. Celery 1Is Cheaper. Case Against Southern Railway Dismissed by Judge. stock, counting greatl form turned over to the produ | Celery—Supplies moderate: demand | ments. Electric and CHARLOT! N. ', Janu [light account weather, market slight- have le it possible to « Webb, in {ly weaker: Californiu, crates, all sizes, power from pushing of trucks to more tnae <igned @ de- |7-50; Florida, 10-inch’ crates, all sizes, productive jobs. missing the suit In equity | 7.50: Florida, 10-nch crates, 4 to 6 The truck and bus end of the indus 1y the State of North Caro- | 10zen, 3.75: some small sizes lower. try is progressing so 1 <t the Southern Railway| Lettuce —Supplies liberal; demand quantity production of a0 J. W. Fry and A. E. Smith, | limited bunt weather, market proached by 1 facturers v | receivers of the Atlantic and Yad- |steady: California. Imperial Valle and trembling. dies for Iin Pailway: to prohibit the |crates, Iceberg tve=, 4 to 5 dozen, orders are designed ¢ Southern from bidding for or pur- |a3.50; crates, Iceberg type, 4 for the purchaser the moment | chasing at the forthe receiv- |to 5 3.00; Florida, 1%- there is a decided for busses of & | ers’ sule the Atlantic Yadkin |bushel hampers, Big Boston type, limited passenger capacity. | Railroad. extendin nford, N. [wide range quality and condition, 1.50 h have every contrivance to pro- | ¢ unty . X C ens- few mote comfort and luxury of travel.| The suit for ons—Supplies light: demand Some of the new trucks for special | seyeral months. unt weather, market steady; purposes have almost the climbing e ork, 100-pound sacks, Yellows, properties of a whippet tank. “ i No. 1, best, 3.25: some fair qual- slow-motion mountain gout. and 5a3.00. attention has been paid to equip JAVA LOSES WORKERS. e Supplies liberal; demand for quick discharge of loads ST 5 limited account weather. market Parts Concerns Booming. ! High Pay on Rubber Plantationssteady; Michigan, lalv\[::)ur;d ms‘;:‘ll(; The production trend of all kinds of Alarms Employers. ; 2 motor vehicles is pl vy shown by re S ~i Tanuaiy /58108 moderate: de- e e o e \merican consumer of rubber et stead, The F ets Sav »und 1.60 Sweet Potatoes Dull. Sweet potatoes—Supplies light; de-| 7d light account weather, market is not the only sufferer from the high e, that product and nse- wom fn the producing areas. { labor in Java also are hecause higher wages in nor s this month th ago. according to- (. Reneral manager. Tire manufactu price mostly St complainin production to meet Spr tive demand, | the Sumatra rubber plantations are| 5" North Carolina. cloth-top stave but are holding down purchuses of | Grawine workers from this island bY | pgprels Porto Ricans, ordinary quality ;um.- e utmost in an effort to | he thousinc for Sumatra are |20d condition, 3.00a4.00; ‘hur&;‘l han;‘ &) s cos \ i grades or S oo e lgring S, Sa (& a8 Sround 7h conts o hound. the 1Evel 12 lies who ve- | PoTS, 15 e Ricans, 2.00a2.25: about 25 cents below that of a month work because they earn | ., inower—Supplies moderate; de- axo. y.n:: some tire makers predict as much on the rubber| .4 jight account weathe ouonarkel 'urther drops, hou the statistical dull California, crates 2.00a2.25, position of the commodity is unde . mostly 2.%5. niabl DAIRY PRODUCTS. ! Tomatoes—-Supplies light: demand slow, account weather; Cuba. repack January 29 ation Jax 4 ed, three pan cartons, ripes, wrapped, | ‘l\ expering BleREnS IPound choice count, 3.00. t in ot Carrots— Supplies moderate: demand N vule shrut light account weather, market dull; R I from o5 of Texas, bushel baskets, 2.00a2.25. N '4 are mude Beots—Supplies very light: no sales | N U 1 reported. N A £ String beans—Supplies very light; \ % EBend ial cnl G demand limited account weather, > i ;_m\ of this plant (hich broushe mil- | —";:"r;';v:-\ UnE: | market firm: Florida. ',-hulshe‘l‘ mm i / ions owners of supp un chickens, Young, | pers, green. 9.00411.00, mostly 11.00. 3 “ ductive Linds in North capons, 455 ducks, 30a357 | PRap BT egepiant, squash, cucums nev sy heen su. i 2 bers, okra —-Supplies very light: too | Copsright, 19026 "“"»!"*! canes r",‘«‘é{’ few sales reported to quote. { a by, fresh, dozen, offered 37a | Ge ot FIRM IS SUSPENDED to fancy creamers. | BUTTER HIGHER TODAY. NEW ¥ . pound prints, 478491 CHICAGO, January 23 (P).—Butter The New York 'u store packed, 30: dairy | 203 tubs. Cream- | higher. Receipts, nounced the suspensio: proc butter ery, extras, 45 standards, 441;; extra Cadigan & Nixon of ¢ firsts, 431 firsts, 41150421 sec- lowing the receipt of information . onds, 39a41 the firm had b vlaced in the hands Em 1 en in Turkey are ggs lower —Receipts, 10,868 cases; of a receiver. subjected to the sime taxes as men. | firsts, 33a34; ordinary firsts, 32. 33% to 50% OFF On Beautiful Apparel FOR MEN, WOMEN AND CHILDREN Come Now! At Once!! ONLY DOWN This Beautifully Designed Walnut-Veneer Bedroom Suite Astounding smashing of prices No extra charge for credit. for immediate clearance. pendous bargains, savings! marvelous Ste- Small it and y- sum down will do. Charge wear it home! Ladies’ Coats, Suits, Dresses Men’s Elegant Suits & Overcoats Children’s Stylish Clothes Amazing Bargains! H9 This superb suite, just as pictured, repre- sents all that is most desirable in a fine suite. Attractively designed, strongly constructed, beautifully finished and priced most mod- erately. : 4 Comprises Bow-end Bed, large Dresser, full Vanity, and Chifforobe in attractive Walnut Veneer and Gum Wood. An inspec- tion of this attractive suite will convince you of its unquestionable value. Come see it. Deferred Payments The Sulivs Lansburgh gfurniture (; Entrance 909 F Street—at Ninth . T LI CACR RO CA LSRR AL LA AR RO