Evening Star Newspaper, February 23, 1926, Page 25

CARMEN T0 WORK ON SLIDING SCALE Purchasing Power of Dollar Basis of Novel Idea to Be Tried in Quaker City. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February present volume of employment in the United States is heavier thin at this time last vear, and the capita earnings of labor are as great as at any time in the history of the country. These fucts are substantiated by latest employment figures. v example, the wage index for factory workers in this State in the last month stood at 229 (with the 1914 level taken as 100) The highest previous index figure was | 38, registered at the peak of the 1920 boom. Statisticians claim that the purchas- ing power of labor's wages now is greater than at any time since. 1920. They arrive at that conclusion by ad- justing the ab o indexes of the cost of living The result they say \hw\\\ that u the monthly earn- peak would they ; per sods, now would buy 116 units Sliding Scale Adopted. These statements become extremely significant in w of the announce- ment today by the Philadelphia Rapid Transit Co. that hereafter compensa- tion of employes would be on a sliding scale based on the power of the dollar as shown by the cost a_ certain number of market baskets with fixed contents, as shown month by month. Transportation men are waiching the experiment with extreme interest. None today would suy the scheme | would not” work, but a number ex pressed the belief that d a num- ber of da s 1o meet. The mos { these, in their opinion, seemed to be that the plan would put employes on a “living-sav- ing” hasis. The company announced in this connection: Company Explains Idea. “The wages paid are to be adjusted upward or downward, so that at all times the contents of the pay envelope will be sufficient to buy the same num- ber of standard market baskets re- sandless of the changes in price up- ward or downward, to the end that the wago ehall always be sufficient to maintain the present standard of liv- American work- ntent to main- of living, but raising their standard of Jiving. They 244 that it is doubtful it workers will- ngly would s o back to the 1914 ratio ince the higher psy- chological improvement more desirable than the additional purchasing power of each dollar. The Philadeiphia Rapid Transit trol- leymen are said now to be the best raid carmen in the United States, since they share throush w co-ope tive feature in the profits accruing from economical and efficient opera- tion. Dollar’s Purchasing Power. The purchusing power of the woi er's dollar today is estimated by Prof. Irving Fisher of Yale at 63.8 pre-war cents. The National Industrial Con Board estimates the purchas r of the emplover’s dollar at | y 43.7 pre-war cents—that amount of labor which $1 will pur- chase today is only 43.7 as much it would secure in those figures the depreciuted in v while the el higher wag per cent The purchasing power of the em- ployer’s dollar in the labor market reached its lowest mark in 1920, when it dropped to 407 per cent of its 1914 value. It rallied to 51.5 per cent in 1922. These percentages, however, cover average amounts of labor in man hours, but fail to take into ac- count the kind or quality of w the variation of labor efficien is no doubt that labor effi bigher today than in 1914, This is specially noticeable in the steel and automobile industries and in raflroad operation. Building trade wages are now approximately 10 per cent higher than in 1920 and building operations are about 100 per cent greater than at this time in 1923. (Copsright. 1926.) CHICAGO LIVE STOCK MARKET CHICAGO, February 23 (United States Department of Agriculture).— Hogs—Receipts, 30,000 head; uneven; medium and heavyweight butchers, mostly 10 to 15 lower than Monday's average; lighter weight, 25 to mostly 50 off; bulk 250 to 300 pound butchers, 11.50a11.85; better 200 to 225 pound welght, largely 12.10a12.90; bulk de- sirable 190 pounds down, 13.00213.50 early top on 130 pounds up, 13.80. 160 pounds up, : packing sows, 9.76a10.50; heavyweight hogs, 11.35a 12.00: medium, 11.70al 30; light, 12.10 213.40; light lights, 1 pack- ing sows, 9.75a10.50; ,1.,ughler plgs, 13.00a13.50. . Cattle—Receipts, 13,000 head; steers traded dull; few early sbout steady: undertone weak; qual- ity plain; bulk of quality and condi- tion to sell at 8.75a10.00; best early at 10.76 paid for weighty steers and for as | n wing to depreciated 56.8 fed sales Standard Oil Co. Boosts Gasoline Cent Per Gallon By the Associatod Press. NEW YORK, Februa andard Ofl Ce dvanced the asoline 1 cent a and North and making the new a gallon. In W vrice has been advanced 13 161, cents a gallon. TRADING IMPROVES AT CENTER MARKET allon in V South (arolina, wotation 17 cents ginia the cent to {Prices About Same as Last| Week—Review of Fruits and Vegetables. demund mude ket a trifle brisk. compluin of being however, having plenty num- A slight increase in the after-holiday n Deulers overworked, for bers of purch Receipts of eggs, larga enough to supply demands, continue to reach the did not supplies ed plus, howeves move what are being received. remain unchanged. No material changes in prices since the close of last week's market were reported today. Wholesale Prices. one-pound _ prints, ; store packed, 35, lers are able to Prices storage, e, turkeys, top, 40a43 Spring chickens, 36a40; ducks, . 40a80. - Dressed—Tur- 5 pring chickens, 3342 30; Leghor ; ducks, 28a30; and medium, 133; light, choice, eats—Beef, 16; lamb, 20 23; dressed pork, heavy, 14 dium, 16; light, 17; loins, 30: ders, fresh hams, 30a3 Fruit and Vegetable Review. Today's market report on fruits and vegetables (compiled by the Market ‘ws Service Bureau of Agricultural Economics) says: Apples—Supplies moderate; demand 't barrels, Vir- A, 2%-inch 50. Boxes, ge_sizes, Bushel veal, me ;.mn and West Virgini 5.50a6.00, few 6. medium to . 3.00;. les reported. ew stock, supplies lib- rate, market slight- 112-bushel ham- Iy 3.00, Texas, bar- pers, Copenk fair quality low a: rel crates, round typ ton, re Icebery type, 5 dozen, 3.00a all sizes, as low as Imperial V 4 dozen, bes: 25; poorer, Onion Market Steady. Onions—Suppiies moderate: demand moderate. m ew York lnnl Michigan, 100-b. sacks Yellows, E . best, mostly 3.00; few York, fair condition, demand Michigan, pinach—Supplies heavy light, market steady; Texas, bushel baskets, Savoy type, best, mostly, 75; South Carolina, cloth top veneer bar- Prices Little Changed. Tomatoes—Supplies moderate: mand moderate, market steady; Cuba and Bahama Islands, repacked, ripes, wrapped. choice count sixes, 7.00; few higher; three-pan cartons, 2.75. €arrots—Supplies moderate; demand | moderate, market steady; bushel baskets, 1.75; few 2.00. Strawberries—Express receipts light; demand light, market steady; Florida, pony refrigerators, 65a70; mostly 66 per qt. Beets—Supplies light; demand mod- erate, market steady; Texas, bushel baskets, mostly 3.50. Peppers, stringbeans, cucumbers, eggplants, squash—Practically no supplies on market; no sales reported. Texas, Toads, Bost e washrore Star 1 Transit Co.. 527 Colonial Bi "o ton, NAL_CAPITAL STORAGE NATIONAL CAFITAL & Storage Household Goods. Distance’ Movine. EXPERT PACKERS & SRIPFERS, Moderate Ratew. . Free Estimates orth 8845. 17 38 You ‘il N W. MOVINO STORAGR THE EVENING STAR, WASHINGTON, SEASONAL RECESSIONS IN TRADE REPORTED Weather Has Hurt Retail Business. General Situation Considered Favorable. By the Associated Press. ,NEW YORK, February 23.—The Guaranty. Trust Co. of New York finds that a tendency toward moderately lower levels of activity has developed in several branches of trade and in- dustry in recent weeks, being espe- clally true of retail trade, which has been adversely affected by extremely unfavorable weather in many sections of the country. The trend of manu- facture and distribution in general has been characterized by a fair de- gree of stability, although here also curtailment has been reported in some line: “These 1 bank states, ly seasonal factors, and do not neces- sarily indicate any significant change in the general situation. On the whole, it appears that the volume of business is at least as large as a year ago, and that confidence with respect to the near-term outlook s unimpaired. “Activity in most of the basic in- dustries is still very high, despite the recessfons of the last few weeks.” NEW OFFERINGS TODAY. NEW YORK, February 28 #).— New bond offerings today exceeded $21,000,000, led by an issue of $15,000,- 000 consolidated loan by German cities consisting of 7 per cent sinking fund secured gold bonds serles of 1926 and due in 1927. The bonds are offered by a syndicate headed by Harris Forbes & Co., priced at 94% and in- terest, to yield 73 per cent, STEEL SHEETS mUCED NEW YORK, February 23 (P).— Finished steel sheets have been re. duced $2 a ton by the American Sheet and Tin Plate Company, books for sec- ond quarter delivery having been opened at 4.40 cents. Other grades are unchanged. - COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY AKRON, February 23.—Akron tire makers are on restricted schedule since large shipments to motor manufac- turers late last vear have not yet been used up. D. O, TUESDAY, FEBRUARY 23, 1926 SUGAR IMPORTS HEAVY. Baltimore Also Receives Much Oil, Iron Ore and Wood Pulp. Special Dispatch to The Star. BALTIMORBE, February 23.—Bulk imports received through the port of Baltimore last week, according to the report of the Maritime Exchange, in- cluded 23,626 bunches of bam.nu, 2,000 tons of chrome ore, 17,000 tons of iron ore, 18,681 tons of manganese ore, 1,300,000 gallons of molasses, 123,- 322 bm of nitrate of soda, 183,927 barrels of oil, 6,992 bales of rags, 122, 928 bags of sugar, 16,811 bales of wood pulp, 23,707 bags of magnesite, 1,031 tons of pl' iron, 5,000 bags of !ulphl(s of ammonia and 1,287 tons of logwood. e COAL PRICES ADVANCED. Large Independent Producer Adds 85 to 35 Cents Per Ton. HAZELTON, Pa., February 23 UP).—The Jeddo Highland Coal Co., one of the largest independent pro- a ton. Buckwheat size was incressed from to $3.50 a ton; pea, $6.15 to $6.50; chestnut, $9.75 to $10; sl?u, $10_to $10 The Lehigh Valley other large distributor trict, is selling its product rates which prev hetore strike. at the the ducers In the anthracite fields, today people . increased its prices 25 to 35 cents 0,000 wage of a first-class P e ey work ln l'u\..nd mlnnnquln in Paris is only 35 8 week. out DETROIT, February 23.—The State department of agriculture is making an intensive drive in Detroit to pre- serve the reputation for Michigan grown potatoes, built up in the last two vears. A corps of inspectors was | placed in Detroit to see that the same | high standards enforced at shipping: points were kept in effect until pota- toes reached the consumers. TULSA, February 23.—There were 102 ofl wells compieted in Oklahoma last week, of which 61 were producers with initial flow of 6,770 barrels. CLEVELAND, February 23.—Auto- mobile accessory manufacturers re- port a satistactory run of business with releases coming in good volume and plant operations increasing. Mid- 1dnd Steel Products’ plants at Cleve- land and Detroit making frames for automobiles are working at capacity. CHICAGO, February 23.—Packers report that meat trade continued very fair during the last week, with prices showing few changes and with demand and movement ioderately good, despite the start of Lenten sea- son. Demand for beef was slow, but lighter receipts of cattle helped. Fresh pork trade was steady. $35 Every Six Months on Each $1,000 THAT is the income you can receive by investing now in our current offerings of First Mortgage Bonds, secured by modern, income-producing properties in Washington, D.C., Philadelphia, Pa., and Pitts- burgh, Pa. You can get a proportionate return on the smaller denominations of $500 and $100, and you have a choice of maturities from 2 year®to 10 years. The property securing each of these issues is located in well-established and well-known sections, where rental demand and property values are well sustained. Each issue is protected by the safeguards that have resulted in our record of no joss fo any investor in 53 years. Send your name and address on the form below for deacriptions of these bonds. We also will send our book- lets, “Fifty-three Years of Proven Safety” and “How to Build an Independent Income,” telling about the time-tested safety features that have made Smith Bonds the choice of investors in 48 states and 32 foreign lands, and explaining our Investment Savings Plan. THE F. H.SMrTH CoO. Founded 1873 SMITH BUILDING, Washington, D.C.—Main 6464 NEW YORK~PHILARSLYHIA—PITTSBURGH—MINNEAPOLIS NO LOSS TO ANY INVESTOR IN 53 YEARS Build and Save the Lewis Way BASEMENT Entrance 8th St. and E St.—Stairway 8th St. Entrance Nearest E First Birthday Sale STORE A Three-Day Celebration Of The First Anniversary Of The Basement Store Of Lansburgh & Bro. Three Days Of Miraculous Values For Washington Women! Watch The Papers! rand-New Spring Coats Aristo Batiste —for dresses and aprons, yd. —assorted Costume Slips —of go0d. qualicy —lined and uulmcd Asst. nghtgowns —lace or em- bnuda) mm- —black, white, flesh or mavy, Nightgown —of figured * mucslin. Asst. color: . 15¢ Envelope Chemise 89¢ Corduroy Robes $1.65 $1.09 Sateen Bloomers ’ $1.09 $1.09 Newest Styles $2.66 Gray Kid, Blonde Kid, Patent Leather, Patent and Blonde, Blonde and Brown, Black Kid All the spring styles and shades with con- trasting colored trimmings. Shoes for which you would gladly pay twice the price. heels. Sizes 3 to 8. All Silk: Crepe Lined $ 1 8.00 Surprised at the price? You’ll be more sur- prised when you see the coats, for they are exact reproductions of higher priced models. Poiretsheen, Twillsheen, Sport Tweeds and Mixtures The materials are unusually good, and the colors adorable. There are fur edged dress coats and fur collared sport coats from which to choose. Sizes 14 to 44. Also stouts. Bed Sheets —double-bed size, An Anniversary Feature Tzl s New Felt and Silk Hats 2 123 $1.00 §789 ||Exine Boys Novelty Suits two styles, $1 95 sizes 25 20 8 Boys Blouses 89¢ Mam'ess Covers $1.19 Tablecloth~ zer. mu'l und doublr bed A wonderful assortment of novel e shapes and trimmings in these higher ° 7 s —collar attached, ™ priced felt hats. Very becoming sizes 7 to 17 vrs.. o styles in all of the newer Spring Band Aprons 19¢ shades. All head sizes. —of blue checked gingham Girls’ Spring Coats An array of lovely new styles, in smart tweeds and mixtures. Every $ 5 coat nicely made and an exceptional value Girls’ Wash Dresses Mothers! One of the greatest $ 1 in Shoes offerings of this sale. Dainty wash materials, in bright colored checks and stripes. Sizes6to 14...... ... Au mixed steers and heifer: some weighty steers beld highe grades of fat she stock steady; others tending lower; bulls steady; little done on vealers; steady to wealk. Sheep—Receipts, 11,000 head; lambs active, 25 to 50 higher; sales to packers mostly 13.00a13.50; 96-pound averages down to 12.50; odd lots of heavies rejected from d lots, 11.50; liberal supply of cholce handy- welght to shippe 13. two decks to traders, 13.55; few choice lambs held late at 14.00; demand for ship- ping lambs broad: market active and strong; several doubles out of second hand, 14.00; practically no fresh re- celpts of Dgcd Hheep R’EW OUTPUT RECORD. NEW YORK, February 23 (P).— Another new high record in electric power output is reported by Ameri- can Water Works and Electric Co., ino, the January figures having reached 126,306,362 kilowntt hours, a #ain of 12,908,397 kilowatt hours over January, 1925, or 11.4 per cent. HEAVY BANANA RECEIPTS. BALTIMORE, February 28 (Spe- ofal). —Two cargoes of bananas arriv- ing here yosterday instead of the usual mid-weekly shipment of one “ept several customs and Federal in- rs at work. The Norweglan freighter Fort Gaines brought 18,530 bunches .'md the Port Antonio 24,750. IAIL INCOEE LABGEB, NEW YORK KRIEGS] XPRESS PACKING Y SHIPPING IO EVE ST.AM AN 2010 LONG DISTANCE MOVERS ‘When you bufld a Lewis Home you are getting the service of an organization that has helped thou- sands of others to own their own home. There are hundreds of Lewis Homes in Washington. Dozens now lmfler construction, Lewis Homes are—HOMES OF CHARACT] Girls’ and Women's Raincoats $3.74 All color: Lovely Sprlng Frocks The loveliest of Spring’s fash- ion ideas, that would ordinarily sell at much higher prices. Fresh out of their boxes, ready for your selection at a Birthday Sale price. $9.85 Flat Crepe, (.repe Satin, Geor- gette, Crepe de Chine, Georgette and Taffeta, Combinations. Savings savings you get n bdullding a Lewis Home are not nnly the savings In first cost, but mvings in upkesp. No troublesome detalls, no unexpected expenses. No @isap- pointments i plan or design when your house is completed. Quality of all materials h, 1313 YOU STREET, N.W. PHONE NORTH 3343 BONDED WAREHOUSE JACOBS "J'RANSFER C0. Moving Storage 111-113 Fla. Ave. NE. North 9500 “mmg All sizes! A Sensational Sale! “Onyx”~—Pointex Full-Fashioned Chiffon Silk Stockings Irregulars of $1.95 Grades $1.09 Pr. Our cemplete service is fres. It gives yows Beauty in Architecture. Highest Quality Material. Most Substantial Construetion. Personal Supervision. Easy Payments EFristaat % Tn D G Maryiond end Virginia: MM 0. 1 THOMAS CIRCLE mo—m-x..u Financial Assistance. Complete Plan Service. 25% Savings. Fire-Proof Guaranteed ‘Warehouse Storage, Moving, Ci 418-20 10th N.W. M. 4220. Frank. 2423 House. Spring colors at their best, gay trim- mings, graceful flares, panels, shirred effects are some of the features of the e zociel s . . e offer- ’P""‘nm mode so delighsfully por- g tremendous 'savings to Washington women. trayed in these irresistible frocks. Sizes 720 pun .é:w quality 14 to 44. 4 5 shows net y operating income of $22,227,- 319 in contrast to $19,861,077 fn 1924, Total income wus brought to $33,- 208488, vith $11,079.164 in dividends from Chicago, Burtington and Quiney Bl stockings, the new Spmgshda. Whhnut Worry or Risk. ' Re- MOVE Torry or Bid Storage in &2 ’l 3 mo. t puckers fex pert ip™ Nom"m s oot