Evening Star Newspaper, February 12, 1926, Page 25

FINANCIAL BADRUACS ACAN CHEGK SHEDENTS Eggs, Butter, Poultry and Beef Prices Little Changed Today. ' Continued had condition of the roads in Maryland and Virginia was reflect- ed in the local wholesale market thi morning, absence of haulers usua here Friday mornings inconvenien ing dealers. Dealers anxfously awaiting their ar rival were without information as to whether any of them were actually on their way here. S expueind that some haule by roads, would ths Noon or tomOrrow Morning. There was no particuiar ~ eggs, however. and prices affected. Poultry was scarce and dealers had to depend largely upon the cold storage product to supply demands. An unsettled condition of the ter market was reported this mor indicating a lower market. s Wholesale Pric one-pound store packed receij 32 hennery 50 it were not b ney Poultry—Alive: T Spring chickens, 2 Leghorns he the ) 16: L 20 heavy, T4aldl oz e loins, 26a:S: Shoul- 1422 fresh hams, 28a30. Fruit and Vegetable Reviw. Taday's market veport on feuits and vezetables, comp Newss Service, Bur Economics (sales to Where otherwise noted) Apples — Supples me@erate; de- mand light, account we gaer; market dull: barrels. Pennsylginia inch 214 -inch 6.00: Vi Twiis York jublers except A inch Virginia tasiigeh . around 5.0 Neg W <ton dium to large sivg, extiu tancy W saps. 2000 Oregpon, medium size. tiqicy, Delicious, fancy lwshel ., no sal reported. Cabbage—Spupplies moderate: demand light, accouigt weather: market steady: new stock, Florida, 11;-bushel ham- pers, poin’ed type, old stock, no sales yeported. Potato Demand Light. Celery—Supplies light: demand light, accouut weather: market steady: Flor: i 10-inch crates, 4-6 doz., mostly 50 Leftuce—Supplies moderate: demand 1;‘:‘3' account weather: market steady: fornia, Imperial Valley and Ari zona, crates, Iceberg type, 4 doz., 3.00 27.25: 5 doz., 2.50. Onions—Supplie: account weather; York and Michi; mostly ext 3 Ticht: demand light, market steadv: New n. 100-1h. sacks, vel hest mostly 3.00; 0022.50. Potatoss—Supplies moderate: mand light. market stead:: Mic tly de: bushel around D veneer poorer market baskets Savoy type, mostly 1.00; South Carolina. cloth barrels, Savoy type. Jow as 3.00. Sweet potatoes—Supplies light: de- mand slow, partly account weather. Too few sales to establish market. Cauliflower—Supplies moderate: de- mand light, partly acount market dull; California, crates, 2.75. Tomato Market Dull. Tomatoes—Supplies moderate; mand limited, market dull Bahama Islands, sixes, ripes, repacked, f: count, 8.00a8.50. Carrots—No carlot arrivals: two broken cars on track: supplies mod erate; demand light, market Texas, bushel haskets, 1 5041.75 Peppers—Express receipts | mand light, market dull; Cuba, crates, de- okra, squash—Two few ablish market. Cucumbers—Supplies light: demand lght. mar steady: Indi two dozen carton hothouse, 50. Strawberrie upplies light: de- mand limited mnt w her, mar- ker dull: Florida. pony refrigerators, hest. GBS per quart 50 per quar FLORIDA FRUIT CROP poorer, BELOW LAST YEAR| Supply of Oranges, Tangerines and Grapefruit Placed at 14.- 000,000 Boxes. Commercial shipments of Florida eitrus_fruits are now estimated by the Department of Agriculture at 14,000,000 boxes. of which it is esti- mated that 8500,000 boxes will be oranges and tangerines and 5,500,000 boxes grapefruit. This estimate for oranges is 2,200, 000 boxes helow the estimate issued in December, and 2.500.000 below ship- ments from last vea crop. The present estimate for zrapefruit is 800, 000 hoxes less than the December estimate, and 0.000 boxes below last vear's shipments. The total crop of California oranges 18 still estimated at 24.400,000 boxes compared with 18.100.000 picked last year. FUEL BOOSTS EARNINGS ON WESTERN MARYLAND ; Special Dispatch to The Star. BALTIMORE, February 12.—That coal and coke are the biggest factors in the earning power of the Western Maryland railway is evidenced by the fact that in January that traffic fur- nished $1,003.133 of the total receipts of $1,852,612 from operations for the month. The Western Maryland handles the ulk of the tonnage originating at the mines of the Consolidation Coal Co. in northern West Virginin. That company mined and shipped 200,000 more tons of coal in January than it did in the corvesponding month last year. LIV‘E POfiLTRY f_ASY. ary 12 () —Poultry, balance steady: re- fowis, Springs, eeipts, four cars roosters, 21; ducks, 30; turkevs, 35 30832; geese, 20. T Your Banker Knows. When in doubt about a security consult vour banker. It is equally as much his interest as yours to protect your savings. You trust him with your deposits—why not trust him with your investment problems? weather, | Cuba and | duil. | wead. | i } | I fConsolidated, Under Legal j terday | Usted | when Justice Proskuuer, in Supreme | =aged in making | New Orleans Opens Higher, | terday's ARMOUR PLANS HEAVY ADVERTISING OUTLAY; President White Urges Economy and Says 1926 Output Will Be Increased. By the Associated Press NEW YORK, Febrvary 12.—Armour & Co. will spend $1.250,000 for adve: tsing in 1826, F. Bdson White, presi- dent, told a gathering of branch house superintendents. Emphasizing the im- portance of operating economies, Mr. White said that a saving of one-tenth of a cent a pound on the dressed beef ndled by the company would amount to $1,000,000 1 year. He did not expect a shortage of hogs this yeur and saw no indication of specu- lative advinces In prices. with possi- bilitles of a1 downward trend ufier the Sprinz months, More than 100,000,000 pounds would e udded 1o (he comipany’s pork pro- | iuction through the purchase of plints t Huron, <. Dk, aad Fuego, N. Dak he FXCHANGE IS SOON T0 CLOSE DOORS Ban. Expected to Dissolve. Officers Resign. e Press. NEW Yoir “ hulr ceniury soliduted under After & Febrrry 1 . the which is of existen, Stock Exchange, investigation by the State at- torney general's office, faces dissolu- tion. - Within 15 days it probably will cease to function, its assets being dis- tributed pro rata among its members in_ood stunding. The board of governors voted ves to call a conference of mem- bers to discuss dissolution. Resignations Accepted. The resignations of Thomas B. Ma- sident of the exchange, and 3 s, treasurer, were accepted the board when voluntarily sub- mitted o week They hecome ef. liquidation is expected to result in dismissal of proceedings brouzht by v Geners in which ver for the hange is sought > perty of the ex 1 value, will ch to the re- members, he exchange has its own building. Organized in 1875, Organized as a mining exchange in . the Consolidated in 1888 took its present name and widened its scope | of dealings. These were hoth in issues on the New York Stock change and also in industrial shares; and mining securities not listed there. At one time the Consolidated had a membership of 1 Injunctions have been obtained against several Consolidated firms re- cently for ‘“wash sales” and other practices. Deputy Atrornev Genaral Winter, in charze of the State’s Anth- | Frand Dur Wt _about the risis in the exchange's affairs by th investigation he conducted before Su- preme Court Justice Ford. Keves Gets Second Injunction. Attorney (encral Ottinger obtained his second injunction against the Con- solidated Brokeragze House yeaterday, Court, signed a preliminary injunction against A. B. Morley. head of A. B. Morler & Co. The petition for the injunction ai leged the Morley firm had been en- <h sales.” had not actually filled orders for customers to whom it had sent confirmation lips, purporting to show the orders had been filled. and had made fliegnl fcross sales” with other brokerage | houses, President Resizned Week Ago. Mr. Maloney siid his resiznation rily submitted 4 week ago to the board of governors and fmme- diately accepted. Mr. Betts. confirming Mr. Malonev's | Announcement concerninz his resizna. | id it was sulmitted lust Tues. v. #nd that the bosrd had accepted under protest. Althoush bhoth de- elined 9 discuss their action in detail, Mr. Istis said he had contemplated resigning since the present temporar: injunction against the exchangze w obtained. H COTTON MARKET QUIET. SRS | i But | Soon Eases Off Few Points. NEW ORLEANS, February 12 (#). —Cotton futures opened ste: arch, 19.70; May, 19.17; July, I8, October, 17.68; December, 17.65. The market orsned a shade better, owing to higher Liverpool cables than due. First showed zains of 3 to 4 points and most months improved right after the call. March trading up o 1 May to 19.17 and October to 17.70, or X to 5 points above ves close. This slight improve. ment attractec some hedge seli=g and prices wson eased off 4 few points, losing r—st of the initial bulge. British board of trade returns for January showed larger exports of yarn than last vear, but a decrease in cloths shipments. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, February 12.—The com- bined value of live stock on 1linois farms is set at $254.789,000. compared with $227,836,000 last ' yvear at this time. The value of all live stock ex. cept horses und colts increased during the year. BISMARCK, N. Dak —Automobiles cost North Dakotans 51,248,655 in 1925, J. J. Ermatinger, State highway bulletin editor, reports. Gasoline cost is put at $12,100,000: oil, $2,062,5 tires, $7,248,650: new cars, $21.924.500; trucks, $2,538.550; repairs, $3,624,325: accessories, § storage, NEW ORLEANS, February ‘Wholesale hardware tion are increasing in number and size, with agricultural implements in good demand. JACKSON, Mich, February 1 The Michigan State Poultry Associa- tlon has been promised better mafl service during the rush chick season by the Postmaster General. An addi- tional mail car is to be attached to mall trains from Grand Rapids to Chi- cago three days a week between March 15 and June 15. Last Spring thousands of chicks were damaged in overcrowded cars. ATLANTA, February 12.—Paving contracts will be let April 1 for the unfinished parts of the Atlanta-Macon highway. The entire stretch will be concreted by Fall. About $12,000,000 will be spent on paved roads this vear in Georgia, with an equal amount spent annually thereafter for an in- definite period, according to State of- ficials, Febrbary 12. e 1000.000 10 loans {tively { mercial Bulletin tomorro: THE EVENING MEMBERS' LOANS BAIN §26,000,000 Federal Reserve Banks Also Show $44,000,000 Increase in Borrowings. BY CHAS. P. SHAEF! The Federal Reserve Board's state- ment of condition of 716 reporting member banks in leading cities as of February § shows increases ol $26,000,- 000 in loans und discounts, of $19.000,- 000 I time deposits wnd of $44,000,000 I DOrTOWIngs from the Federal He serve bunks. Member banks in New Vork City reported ine o ud aiscounis, of S0, in inve.unents and of $ix. )0 I borrowings 1rom the Federan erve Bank. Loans on corporate stocks and bonds went up $18,000,000, the larger increase of $30,000,000 reported by Lanks in the New York district being offset, in part, by comparatively small declines in most ol the other districts. All other ioans and discounts were $7,000,000 iarger than the previous week, an in crease of $12,000.000 in the (‘hicago district being partly offset by nominal reductions in the most of the uther districts. Holdings of United States securities were €13,000.000 Jarger and of oth uritics $11,000,000 smaller than n weelk ¢ most of the chanzes necur- ring otrinz hanks in tie New Yok it Tncrease in net demand deposits of $11.000.000 in the Chicago district and Of 38000000 in the € nd district were nearly offset by i uof $4.000.000 und 37,000,000 in the Boston ind Philadelphia districts, respect The principal changes i borr, from the Federal Reserve b clude an increase of $£53.000.000 by banks in the New York district and a reductfon of $5.000,000 by those in the Chicago distriet. Poole to Address Bankers. John Poole, president of the Federal American National Bank, will addvess the hankers of Alexandria ning at § o'clock at the George Mason Hotel. featuring his address with an explanation of the most approved method of analyzing an account. The speaker is one well versed in this matter. having speciulized on this par teular subject for years in his capac ity as chuirman of the unprofitable counts committee of the local hankers assocation. ‘R. 000,000 wou. t Bank Stock for Employes. Interests connected with the Com- merefal Natjonal Bank have acquired @ block of 100 shares of the institu. tion's stock at a price considerably be- low the present market. which will be offered to emploves, on # pro rata basis, at cost. The stock, aside from representing an ownership of the bank, will carry all the benefits of the Commercial Na- tional Securities Corporation organ ized by the bank a few weeks ago to deal in mortgages The shares will be offered employ on eas; payments and additional shares “will be acquired from time to time for their participation, it w. said. Poster Advertises Banquet. The local bankers' fraternity put its shoulder to the this morning in exploiting the 104l banquet of the Washin on Chapter. American Institute of Banking, which will be held at the Willard Hotel a week from tomorrow night A novel poster, designed by Oscar A. Thorup of the bank service depart- ment of the Rand Kardex Bureau, Inc.. himself a graduate of the loc chapter, was prominently displaved in all banking institutions. : BETTER WOOL DEMAND. Movement x;ot Sumcl;nt to Force Up Prices. tigura wheel BOSTON, Fetruary he Com- 1 There + broader though r: unobtrusive demand for wool, in. d“ inz even scoureds for the waolen | mills. Prices are only ever. as the movement 1s nos ciently broad to force prices up. ble line of i1 wool is rep n Te 1 close . otherwise the W “The goods m: steady. h L rted st is quiet. t ket appears o he developing rather slowly and some. what irregular] although. on t whole, it seems promising. Overcoat Ings are selling better than suitings #apparently, some of the larger worsted mills are securing fair ord and a few woolen mills are zett business “London closed with the best tone | of the series. and prices just about back to opening levels for nearly all descriptions STOCK SALE AGREED ON IN BIG MERGER DEAL NEW YORK. February 12 (). — Henrv W. Deforest, chairman of the Pac i announced late vee v that certain of the larger & k holders of the Assoctated Oil Co.. in clnding the Standard Oll Co. of (ali fornfa, which will recefve large hold Ings from the Pacific Oil Co.. had agreed to xell & minimum of 25 per cent of the capital stock of Asso. ciated Ofl to Blair & Co. and the Chase Securities Co. Payment would he made at the opition of the sellers, elther {n cash at £59 a share. includ. Ing 50 cents a share dividend. pavable April 25, or In certain other securities, | which will be made known befo; March 12, & CHICAGO LIVE STOCK MARKET CHICAGO. February 12 (United States Densrtment of Acriculture).— Hogs—Receints vneven steady to 10 then Thurs: dav's decline: bulk. 250 to 300 nound hutchers. 1 maiority 200 tn 2 nound 'S 1260 +o 1210 @o0d and 190 pounds @ larzely. ton on Al 13.85: Tk nae WS, 1070171 00 chatea KIne pime <4 A0 Angne ey weight hogs, 12.45: medium, 12.20a1 Heht, 17.25212 85 11.10: slau -hior nizs 12 30n14 00 Cattle—Raceipte. 2000 hand: fea steere, stéadv to ctrong: venrlnge and medium weizht chowing moat st e ®mhe stork. stendv th 18n hicher offerinzs, mostlv 10 1o 156 1n: uneven: hest vesrlines 11.00: fat cteere -f % 734073 phune vealers firm: antciders, pRelkers, 125001 Sheep—Receints. 11000 head: few early sales of chalce fat Vieht and handv weieht lamhs to shinnems and ety hutchers, steady, at 14.35015.00: fow loads to nackere. wenk to n ahode lower, 1 391410 Finde of ineide nrice pveraTes Arrnnd 42 napnds: faw decks of feeding lnmhe. atvanz o cents higher. at 14.00n14.75: chofce #2-pound shearers at outside price: few sales of fat ewes, 8.50a9.25: weak to 15¢ lower. roce: rhaire 2 11 leht ncking mowe, 10.502 HUPP MOTOR'S 1925 NET. NEW YORK. February 12 (@) — Net profit of $2.919.464 reported hv Hupp Motor Car Cornoration for 1925 is equal % t:u; a share on the com- mon, against $1,095,160, or $1.19 a share, in 1924, : thix eve. | um- ! A 14.00215.00: | STAR, WASHINGTO SEABOARD AIR LINE SETTING NEW RECORD Freight Trafic So Far This Year Is Well Ahead of 1925 Figures. Special Dispatch to The Siar. | BALTIMORE, February 12.—The Seahoard Air Line is setting out for another record in 1926, with January traffic running at the highest volume in the road's history. Total loads moved in the first four weeks of January were 196,038 cars, compared with 154,944 cars in the cor- responding period of 1925, represent- ing an increase of 27.7 per cent. The final week of the month showed a 36.2 per cent gain in loadings. The Seaboard has committed itself to a $30,000,000 expanson program in Floridu, to be completed this year. MINERS WILL GET ~ CREDIT AT ONCE Merchants Ready to Help Reduce Suffering—Soft Coal May Soon Be Cheaper. BY J. C. ROYLE. Special Dispateh to The Star b W YORI Fehruar ment of the anthracite shall have bocome effective, will have only chulogical effect on fuel onditions for at least a month to six weeks. It will, of course, mean the immedia return to work of over 15 000 miners and a rejuvenation of busi- ness in the anthracite fields. But the mines. which have been closed since September 1. are in bad condition. Clearing of rock falls and cave-ns, with attendant timbering. is v before a pound of coal can 12 is —Settle- . when it is ove theretore safe 1o three weeks t the mines ute distress in the coal fields say it will to get coal extent as soon as the men go back to work. They will not get their first pay for two weeks after resumption. but credit will be extended to anthra- cite country merchants and in turn { Will b passed by the latt 1o miners. This w women and latter, si hed by wives of « more chi dren than are fathered by men in any {other occupation in this country. The {latest annual report of the Depart- ment of Commerce shows that wives of coal miners between the ages of |35 and 44 have had on the averaze {7.4 children each { 1t {8 probable that [ high prices for Lituminous {Aron soon after resumption of |in the hard coal mines. but the in 10 much 1o th nent istics the extremely 1wl work ol dustrial activity of the country is {of the Mechanics and Met | high. much fuel is needed and heavy stocks have not heen accumulated GENERAL MOTORS RAISES I DIVIDEND ON COMMON W YORK. February 12 (@)~ of the General Notors ( raised the om %6 [ | rector { ration | dividend 1y declarinz a quarterty 1£1.73 on the common stock | Miarch 12 to stock of record ry 23. et earnings of the corporation for totaling $115,980,084. were the largest in the company's history, and more than double those of the pre- | ceding yveur. which exceeded $51.- { 100,000, After deductin orpo- nual share Febru- preferred dividends requiring $7.639.991. President Alfred P Sloun. jr. announced there re- mained $108,340.108, equal to § per share ¢f common stock. PARIS BOURSE FIRM. PARTS. February were tirm the por cent rentes, 48 fran Exchange on London, entimes. Five per centimes, "he T francs 16 BALTIMORE BANKS bPEN b | BALTIMORE. February 12 (Special). | —Although not a legal holiday here, he Stock Exchange iz closed today— Lincoln’s birthday—on petition of members. The grain market also is I ciosed. but banks and other financial | and industrial plants are open WALL STREET BRIEFS NEW YORK, February 12 (P).— The forthcoming annual report of the American International Corporation for 1925 is expected to show marked improvement in its financial affairs, with earnings from operations esti- mated at mo 490,000 shares of common. centimes 131 franes & loan, 55 francs lar was quoted ' more | dividend of 30 en declared on of the payable bru- An initial quarterly cents share has b the participatin, preferred Utility Shares Corporation, March 1 to holders of record v 15, The California Petroleum Corpora- tion has acquired the California Gas- oline Corporation, second largest cas- ing-head gasoline producer in that State. The transactlon is understood to have involved about $5.000,000. The Californin Gasoline Corporation has an_estimated duily output of 60,000 gallons, and its acquisition will in- crease Cadfornia Petroleum’s natural gasoline output to 110,000 gallons daily. The By-Products Coke Corporation resumed dividends on the common stock vesterday with a disbursement of $1, payable March 20 to stock of record Mareh 1. The dividend was omitted in October, 1 Net income {for 1925 was $874.570 in contrast to a deficit of $498.222 in 1924, An initial cash dividend for 1926 of 30 cents a share has been declared on the class “A” and “B" stock of American Superpower Corporation, payable April 1 to stock of record | March 1. Common dividends in 1924 and 1925 were puid in participating preferred toward the end of each year. Net income of the Atchison, Topeka & Santa Ie for 1925 is estimated by W. B. Storey, president. at between $4,000.000 and '$5,000,000 more than in 1924, when the total was $42,151,806, or $15.49 a share on the common. | Final figures have not been com: | pleted. Capital stock of the Kirby Lumber {Co., Texas, has been placed on an annual dividend basis of $7 a_share. Four quarterly dividends of $1.75 each have been declared, payable March 10, June 10, September 10 and Decem- ber 10. The 1926 budget of the Chicago, Rock Island and Pacific provides for purchase of 10 Mikado freight loco- motives, five passenger locomotives and five baggage cars. The road also expects to lay 45,000 tons of new ralls in addition to various extensions and train control installation. undoubtedly will be relieved to a large | the | Di- e then $4 4 share on the | NEW BANK ECDND BGEESTNWATON Chase and Metals and Me- chanics Have Total Re- sources of $1,000,000,000. By the Associated Press. NEW YORK. February 12.—The merger of the Chase National Bank and the Mechanics and Metals Na tional Bank, with combined resources of $1.000,000,000, was announced last night by Albert H. Wiggin, president of the Chase National Ban: Mr. Wiggin said the new hank will s be second In size among the banking institutions of ihe countr Na tional City Bank of New first, with resources of §1 The merger was fore weeks ago, when it was predicted that the two banks and several others would finally be formed into one gi gantic group. At that time it was re- ported in Wall Street that steps were under way to effect the amalgamation of several banks by twos, with later mergers amons these groups. One Bank 115 Years Old. The Chase National Bank in its last public statement revealed total re. | sources of $§3%.050,230. The Mechan- nd Metals Nutional had total re ational is 48 vears old and the Mechanics und Metals N tional was established 115 ye: The laticr bank began as { Laborers nk in the country, its or Al divectorate in 1810 being chos 1 chiefly from members of the Cen tral Society oi Mechanics and Trades men The Chase Named for Treasury Head. The Chaxe National was organized by John Thompson and four others, who named ft in honor \imon P, Lincoln cretary of the Launched with an original capital of $300,000 and with 18 clerks, 1 toduy is $20,000.000 and its ce numbers 1,487 ind undivided ve than $27.00 Lits capit | clerical fc | Tts surptus amount to its deposits yre than Pits total resources of 3638 not include its subsidiary, | Securi Corporation | the 1 underw ritin profits 000, und | 100,000 the Chase n business Started in Hamilton's H Mechin Wk arted in u Alexander i capitalization was $1.500,000 | The Mechanics and Metals present | capitalization is £10.000,000. Tts de- ‘.msm. total $332.507.370, and its sur- : W Jutldin Gt Mol o wh i plus and undivided profits $16.134,300. | Mr. Wi n will be chairman of the| {board of directors of the consolidated | bank, which will he known as th {Chase Nutionul Bank of the City of | New York. John McHuzh, president | « National | be { the new | { Bank. will president | Institution |SEATS ON EXCHANGE P T0 $150. | | | 060 @~ dividend of | pavable | 000, one mer terred to David V. ilor: - land for a nominal consideration. | The other five new members are | New Yorkers. Richard . Loasby t figufe. equaling exch membership | Jacob Field was sold | Smith for $148.000 amount was paid by Winton | | Rossiter and Enrico N.'Stein. Thomus Eastman got his membership ior | $148,000. | the hizh- record for | The xeat of Bernard and the same | paid the |es to | GRAIN FUTURE SLOWER. ' ! Markets Outside Chicago Report | Wheat Quotations Off. ! Special Dnspat CHICAGO. in the locai Grain Market are d |a disappointment when trade | sumed tomorrow. Many of them wen: out of their short committments on { Thursday and accumulated some long { wheat in the belief that Liverpool and | Winnipeg would advance today Instead of zoinz up as expected. Liverpool dropned to 11y at th close. while Winnipeg was down nt Buenos Aires added its bearish | report with a decline of 11, at mid | day. by New York interests turned Winnipes market weak | after 2 opening advance. { BALTIMDRE’ PROVISIONS. BALTIMORE, February 12 100 Ihs., 7.0048.00; “b 10 The Star Special) 2.0044.50; ' brussels heets, 100, 5,004 ton, 60.00265.000 ham- | sweet potatoes, bhl. | vAmS, carrots, 00: caulifiower, crate, 2.25a ery. crate. 3.50a1.50; cucum- e, 5.0029.00; plants, crate, kale. hbl.. 1.50a1 lettuce, peppers. crate, 4.00 | 10; ovs- | hamp sprouts, at.. 15.00; cabhage. X onions, 100 ter plants. 100, 6.0¢ 3 . ham- | per, £.50a7.00; parsnins asket, 50a | 60: tomatoes, crate, 3.00a6.00: spin- | ach. bbl. 1.30a2.25:. savoy cahbage, | bushel, 60a’ 8. basket, 20a3: Apples, bbl.. a6.50: hushel, 75a 2.00; grapefrui hox. 3.50a4.25: or-| anges, h box, | strawberries, qt.. 65a75. The grain market was closed today. DAIRY PRODUCTS, K BALTIMORE. Februarv 12 (spa. | cial)l.—Live poultrv—Youne chickens. | nound. 24a36: Leghorns. “5a30: \Win. 33: Leghorne, | canons, 35a40° ) - . 20a76: voung tur- | keve, 50a35: old. 4°45: poor and | crooked hreasts, 30a35: piesons, m\r.l °5a30: Guinea fn each. 35237 | Dressed nonltrv—Turkeve. voung, 45a 55; old. 42 chickens. 30a?5: ald, 274 29: Aucks, 30a35: geese. 20a28; capons. | 35947, Tgge—Receinta. 317 cases: native and nearhv firste dozen, offered at | 32%214: candled, 33a34. Rutter—Cood to fanev creamery, nound. 42046: rinfs. 46a43: ladles. 34g | 2&: «tore packed. 20a%l: dairv prints, | 31a35: process hbutter, 40adl: rolls 31a35. | BUSINESS TOPICS. DETROIT, February 12 (Special).— | Building andengineering contracts | awarded last vear in the southern peninsula of Michigan totaled $255- ' 904,700 an increase of 45 per cent | over 1924. The industry continued | active up to the end of the vear. i NEW ORLEANS. February 12.— | The Soniat Merch Hospital here will | ask bids shortly on the first unit of | three additions, which will cost in all $1,250.000. The Y. M. C. A. has ap- proved plans for the financing of a million-dollar home. Capt. John Bennett. who was in charge of an English Channel steamer for years, crossed from Dover to cfl-fiso,ono times. l DRESS GOODS DEALERS FIGHT GROUP BUYING Secured by first deed of trust on real estate. Joseph I. Weller 32° FINANC Money to Loan First M Notes For Sale vailing interest and commission. Wash. L. & Trust ., 9th & ¥ N.W. Bulletin Says Manufacturers Will Not Sell to Retail Association. By the Associated Press. NEW YOGRK, February 12.—A bul letin distributed at the convention of the Natipnal Retail Dry Goods Asso- clation sald that members of the As- sociated Dress Industries of America had signed an agreement to refuse to sell their products to the American Retail Assoclation. The latter is & group buying organization. The 25 manufacturers and jobbers attending the dress Industries meet- ing each filed a bond of $5,000 with an agreement that it would be for- feited for failure to adhere to a reso- lution to sell only to individual stores, according to the bulletin. The group buying organization s composed of 17 large department stores distributed throughout the country which are estimated to have an annual purchas- ing power of $125,000,000. Harold B. Wess, managing director of the | association, said the country would save $300,000,000 an- nually by the general adoption of a group-buying policy. WALL STREET OBSERVES LINCOLN’S BIRTHDAY NEW YORK, February 12 (#).—Lin- coln’s birthday was observed in the financial district by the New York Stock Exchange and all other securi ties and commodities markets. All will resume business for the usual half- Saturday session, except the New York Coffee and ange, which has il Monday. cre closed today, as it is ¥- a legul holic POTATO MARKET LAGS. 109004 In Demominations of $100, $250, $500, $1,000 AND UP Interest Sorured on D. 0. Roai Estate Wm. H. Sacnders Co., Inc. Established 1887 1433 K Street N.W. Main 1016-1917 UNLIMITED FUNDS Avallable for FIRST TRUST and CONSTRUCTION LOANS Avply Our Loan Dept. N. L. 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