Evening Star Newspaper, March 4, 1926, Page 29

¢ THE EVENING STAR, WASHINGTON, D. .C, THURSDAY, MARCH 4, 1926. * 29 SLUMP IN 1925 EARNINGS. | BONDS TO BE REDEEMED. | STOCK SPLIT-UP APPROVED, T 3 3 | BOSTON WOOL MARKET. BIG PROJECT REVEALED. RA"_ MERG[R P[AN National Clty Bank I.UWER PRIEES SEEN BOSTON, March 4 (Speciall—Raw| NEW YORK, March 4 ). —Through| NEW YORK, March 4 (P.—The| NEW YORK, March 4 () —General| NEW YORK, March 4 (#).—Stock Adds to Slrength wool prices were unchanged today,| purchase by a New York banking|pamphlet report of American Steel | Baking Co., has called for redemption | holders of United Light and Power k but sentiment was better in the Bos-| group of $6,000,000 twenty-year ex-| Foundries for 1926 shows total assets | i as of March 1 the first mortgage 6| 0 today ratified a proposed split-up By New Mergel ton markets. Worsted wools are in|ternal gold bonds of the Department |of $54,448,604, against $58,505,614 the et il in inquiry for woolen wools 18 1eport f 4ygyrated a program of transportation | $21,:386,256, against current liabilities cel old bonds of the Dill (_)f common stock on the basis of Dakery, Thor due Mareh 1, 1535 st | for 1. The date of distribution NEW i 3 o ; et o N B ed. Territory wools are moving bet- | improvement involving expenditure in | of $3,177.832. Profit and loss surplus 105 and accrued interest, payable by :ltlllst:“;";c:‘s‘n"‘:‘:;f-‘h:r::":ffl;;;‘”{ common and 200,000 shares of class B the Irving Bank-Columbia Trust Co. P INTEREST ORDERED PAID. NEW YORK, March 4 (®).—The Great Northern has authorized inter- TR = e e ter, with sales of three-eights blood |the next 10 years of $100,000,000, which | was $11,641,313. in contrast to $16.- xSt £ epies IRy combing stock at 95 cents clean basis, | will include construction of railways, [ 4o u: Frmial R AR b B el Van Sweringens to Decide| &2, 9f Brockivn, bringing weether | Progyction Overrunning Con-|and of quarterbloods at 90 cents.| cableways and betterment of river two institutions with combined re. Half-blood clothing wool has made $1. | transport. In the last two years|net profit, previously published, was During the last year dust explosions« in mills and factories in the United States resulted In the loss of 45 lives country’s largest bank. sources of $1,291,000.000 and de- 2 s 5 i — - = i H Fine Australian spot wools re de- | $20,000,000 has been spent for simils $4,669,737, equal after preferred divi- it yment of 4 per cent for 192 d the déstruction of > H hens the position of the Na- ing Considered Helpful. | HoouFse : Holds Up Well y organization as the . (st ST ! | @"xfl‘flllfl[fllll]fl R B By the Associated Prees. il | BY J. C. ROYLE. NEW YORK, March 4.— Despite Speciul o the staggering blow dealt to the am- n‘\v;\\?‘.:%;xw Qh;r?r:ri —The lum- bitfous raflroad merger plans of the| e Bt ror the ARt oen fulile od ik Van Sweringens by the Interstate “ommerce Commission’s rejection of | ‘he proposed Nickel Plate combina- | tion, its financial sponsors have re- affirmed their belief that a new finan- ~ial structure for the consolidation | would replace the one wrecked by the unexpected ruling of the commission ATCENTERHARKET country since January 1 has been slightly over 2,180,000,000 feet. New business in that time has aggregated about 244.000,000 feet more than pro- duction, while shipments have been slightly more than production and slightly less than new orders. The { major part of the lumber movement Assurances were given at the same | Gtorage Eggs Offered at 20| mturais hao beos la e sofe woods. time that the adverse decision against | the Nickel Plate would not retard with about 1,960,000.000 feet cut. The other merger projects now pending. Cents Per Dozen—Beef hardwood output amounted to only among which are L. F. Loree's pro- about 220,000,000 feet. These facts reflect directly the tre- posed fifth Eastern trunk line to be P e et runre and 1ua.| and Poultry Unchanged. | mendous volume of bullaing construe- son and his new Southwestern sys tion now in progress, the heavy pro- ing the Kansas S gram of equipment buying and build- Loujs-Southwestern and | Although it is late in the season lm,;l and maintenance outlined by th? contemplated | ¢ e cupplies of such | raiiroads and the purchasing power of sco and Rock | or Storage suppiies: Of UCR| the farmers as expressed in repair Island lines and other less advanced oifered at Drices | work and buying of farm machinery. o The slight in- e e e < prites this week Lower Prices Forecast. wystems in the South. ers of the storage! Despite the heavy demand for lum- plans for enlarging mos of increased | ber, production is rapidly overtaking | Eastern railroads, 1d on hand. new business. Some producers feel | thrown into the disca ¢ from Bal-| that lower lumber prices are in pros-| nite course of action on the Nickel | timore offered a caizo e ezgs in| pect. That explains, in part, why ru- Plate is determined. . this city, holding the pri cents, | mors of large lumber company mer- but local dealers, it is stated, held off, | gers are in the air. Producers are Merger Efforts Costl. wanting nothing but fresh stock. anxious to cut costs to the utmost in A eecond effort to There ure sc storage esgs still| handling and distributing. Mckel Plate financial being sold here, however, but prices| One cost which they are unwilling | estimated, would c are far below those quoted for fresh | to cut, however, is the cost of con- eggs are still bein, as low as 20 cen crease in fresh suggested to h product the possibility prices for w] i Holders of stc Some Unusual Values for Your Week-End Marketing ingens nt least § tock. servation and reforestation. Officials | indicated that with the commission’s! Both butter and egg prices today | of the Southern Pine Assoctation de-| views now clarified, such an expendi. | Were offered at prices quoted vester- | clared today there would always be a | ture mizht be justified to save the|day. Both markets continue firm,|supply of Southern pine sufficlent to | tion of an early weak- | meet demand of American consumers | $8.000,000 on the case and to realize|ening. Pouitry : t high, | for that wood. Pine and fir producers | their dream of a vast unified railroad |and meat, fruit and vegetable prices|in the Pacific Northwest are taking | system. have undergone no change since ves- | equally efficient measures to safeguard | Bankers here are eagerly awalting | terday. | future production in that territory. » decision from the Van Sweringen's, - sale WS b Ll L who are due to discuss the matter at o || @uproximately, sa80iGn0, P00 FeNt FOF | A conference with their legal advisers X jouthern pine of commercial size from | today, but indicated that thelr course . store packe | Virginia to Texas. New growth {s| of action might not be revealed for B Average receipts, adding about 7 billion feet a year ¢ another week. candled, 33; hennery, 3i: storage,|to thls growth. Production for the N. Brown, chairman of the Pere | 20a21. |1ast five vears has been about 14 bil- Marquette Raflway, one of the par.| Poultry, allve — Turkeys, | llon feet annually, and it is estimated tictpating roads in the merger, said he | 45: Spring chickens, 3 | future requirements will be between expected the Nickel Plate interests to | 32a33; Leghorns, 28; du 0 and 13 billion feet a year. With the work out u new plan to meet the re 3 »ss of reforestation, it is firmly quirements laid down by the Inter. |0id. u i ed the supply will be increased state Commerce Commission. The | -I\'m‘\l & chicker wua‘b (';-\\ Is, 85: | rather than diminished. uette directors, however, In. | Leghorns, 30 . 2830 geese, e e | keats 201,00, Reforestation Obstacle. the road bound by the Nickel Plate | choice, 14;| The one obstacle in the way of re- feasing agreement when they voted to| medium, 10a12; 4 hogs, | forestation lies in State taxes. If the call a special mesting to consider an | heavy and medium, light, { taxes on cutover lands are main- increase in dividends. Under the orig- _ | ained at a rate high enough to make {nal plan all ¢ tuent roads agreed | 16; lamb, %0a25; | reforestation unprofitable, such lands to make no dividend changes until the | veal, sed pork. heavy, lda will not be rp{or'e!'ed. Louisiana and merger had finally been passed .,W.n_] 1414 medium, 16; light, 17; loins, | Alabama already have taken steps to . 0: shoulders, 22a23; fresh hams, | modify their taxing systems so as to Held Encouraging 2 ! m:r\nurafedrntoresimltilon. Lumbfi; con]n- b & 00, Mnano i : . | panies and associations are not only wer, haterted that the disappointment | Today's market report on fruits and | taining greater efficiency in logging Batsed by the Nickel Plate decision | vegetables. compiled by the Market |and manufacturing and in promoting and the resultant declines in some | News Serv Bureau of Ag icultural | thorough utilization by the wood- stocks should not be allowed to oh- | Economics, says using industries, scure the longer in so f: .« Supplies moderate; demand | The deferred vield tax system is this decision might be an influence on | _steady: barrels, | gradually finding favor in many the permanent and future value of | Virginiu and West Virginia, A 215-inch | States for the encouragement of tim- ratlroad investments. Staymans, 5.5046.00, some fair quality | ber conservation. By this method Tt is quite clear,” said the bankers’ | 5.00a5.50; ‘A 23i-inch Romes, 4.00a4.50; | private lands devoted to tree growing statement, “that the members of the ¢-inch, 5.005.50: A 2%-inch, 6.50a | may be placed under contract with Interstate Commerce Commission have |8.00; A 8-inch, 6.00al New York, | the State and during the period of maed a very thorough and conscien-|A 2lz-nch Black Tw mostly ;| contract pay an annual tax on the tlous study of all questions involved | boxes, Washington, medium to large land only. A deferred yield tax, how- i have arrived at their decision un. | Sizes, extra fancy Winesaps, 3.00; | ever, is collected when the trees are fnfluenced by political or outside con- 2.75; extra fancy Staymans,|cut and the return from them is in widerntions. This in ftself is very en y the hands of the owner. Furthermore, the commis- | Cabbage—Supplies —maderate; de- (Copyright. 1026.) thvor of combining | mand moderate, market about steady | pio e s Dt v;;m.,‘nrv(as from a trans. | Florida, 1ie-bushel hampers, round| gHORT.TERM SECURITIES t of view, which is a |ty i S AATnEG Y one. SRR K e: demand | (Quotafions furnished by Redmond & Co.) rida, 10 investment of between $2,000,000 and | With ne sug SMOKED HAMS it u 320 pric Butter- ney, 1-pound p A Complete Stock in All Stores Yellow Cling Peaches. . . . . .No. 1 can, 16¢c Yellow Cling Peaches. . . . . No. 24 can, 25¢ Apricots................No. 1 can, 16¢ Apricots. ...............No. 2 can, 21c Apricots. . .............No. 2} can, 25¢ Royal Anne Cherries. . . . . .No. 1 can, 23¢ Royal Anne Cherries. . . . . No. 24 can, 38¢ Fruits for Salad. .........No. 1 can, 25¢ Fruits for Salad. .. .. ... .No. 24 can, 45¢ Bartlett Pears. .. .........No.1can, 19¢ Bartlett Pears. ..........No. 2 can, 26¢c Bartlett Pears. .. ... .....No. 2} can, 32¢ top, 44 2 fowls, MILK ¢ Stock up at this price KRUMM’ MACARONI, SPAGHETTI EGG NOODLES SOAP 6-Oz. Size CAKES 25° TOMATOES Best Virginia Pack—A Special Sale on the Large Cans Can lnc 2 Packages 15¢ Campbell’s Beans. . . . 3 cus 25¢ |Snowdrift 1-b. can 23¢; 2b. can 45¢ Franco-American Spaghetti co 10¢ |Beechnut Coffee. . . . 1. cm 57¢ Ritter’s Catsup . . . 140z Bottle 18¢ |Octagon Soap Powder . . Packae T¢ Queen Olives . . . . 3:-0z Bottie 10¢ (Octagon Cleanser. . . ... cn Gc Fig Bars........ 2Punis 25¢ |Ritter’s Mayonnaise . -0z Jar 19¢ POTAT 0 E S| NewMeat Market Opens Today 2009 18th Street N.W. 5 t 2 5c -1 0 |B. 4 c Which We Hope ‘\Vill Be a Tnding Convenience for Our Many s s Patrons in That Section Sweet Poatoes | Frenkae |FRESH MEATS|FRESH FISH 2 Ibs. 15¢ Ib. 10c —of the finest quality —direct from the ocean Fresh Spinach Florida Oranges Prime Rib Roast. ... .Ib. 30c | Halibut Steak. . .....lb. 38¢’ 3 Ibs. 25¢ dozen, 45¢ Chuck Roast........Ib. 22c |Salmon Steak. .. ....Ib. 38¢ Iceberg Lettuce |Rome Beauty Apples | Sirloin Steak. .. .....Ib. 45c [Trout..............Ib. 25¢ head, 12}c 3 Ibs. 25¢ Leg of Lamb. . ..... .Ib. 35c |Perch..............Ib. 20c Shoulder Lamb Chops, Ib. 35¢ | Rock. . ............Ib. 40c e, Supplies moder. market steady wreat 2 oderat ——Noon.— ers what the opinion o ilar |\ml.a~i"’ M. | 00D 5 inch crates, 10_dozen, 4 8 dozen, 5 r. 1d have been 10 or 2 S ago. S - o | Adiron. P. & L. Co. 88 . 3 Pl U e - 14.50: 3.6 dozen, 5.0085.25 Alum. Co. of Amer, 7 1 19 | r. Beet Suga Supplies moderate; demand Main Reason for Denial. | Lettuce- ain reason that the Inter- |moderate, market falrly steady; Call- hmerce Commission gives for | fornia, Imperial Vallev, crates, Ice- Aisapproving this exchange of securl- | berg type, 4 dozen, 4.00a4.23; 5 dozen, *les on the terms proposed is the fact | 3.7524.00. that a large body of owners would Onion Market Dull. i practically have been deprived of their | Onjons—Supplies limited; demand | Cit Hght to vote the shares they own, and | Jight, market dull; New York and that the control of such a large svs- | Michigan, 100-b. sacks, Yellows, U, tem ought not to be vested in & com- |5, No. 1, 2.76a2.85: few, 3.00; New parative few without an adequate | Yori, 100-b. sacks Yellows, U. S. cash investment on their part. 1, falr condition, 2.25a2.50 “The decision, therefore, not only |’ potatoes—Supplies “{ll tend to protect minority interests | moderate. market firm » this and other contemplat P aachs Fset Miical - : """’k"‘;” t also st fmostly 6.50; few 1b.{ Mo, Par: h T Lo mission d | sacks Russet Morrig & Co 715 f control of large systems, or mo- [ “'giia York Central 1 : ik = ;" demand | S Yook Contral 8 | opoly of transportation. in the hands | yoderate, market firm; South Caro-| Papsa. B R fa 1950 of a few. However able or honest o savoy | Sinciair €. , 3 " : lina, cloth-top veneer barrels, Savoy | $inc A {hese May be. experience has shown | iype, mostly 2.50; Texas, bushel bas- 3% 6 ca> o7 °chlli- ke i83 hat too much power or absolute con- | ketg’ Savoy type, wide range quality goion Pac B. R, Co; ot 10l Y 8 fow iaY anad to abise 18 | eniiosndltion; 501500 U 8, Bupber 7349 103 ] iz T 1 abuse, history has | *"c, 1ifower—Supplies moderate; de- | Westiaehotse E &4, 7s 1681 163 shown, In turn may lead to violent re- mand moderate, market steady; no sctions and even revolutions, not only change in prices; Oregon, crates broc-| mn d's leading al in the Poiftical but also In the fnan- | coy, 3.25; California, crates, ordinary | neaged by a woman, Mrs. B, W Plgo 505550053 CEREERERN = S papae SSR32 > W | Piaher or, No. | Goodyear T. & R. 8s 193 Great Northern 7s 1638 G ore: Bige 1928 Hock. Val. B. R. C Humble 0il 51an 193 Lehigh Pow. Ser. TS PIIFSSIEEE ES T S S = concen 505555500 0mm 000 S33323232832588S: PR SEES S ~ quality and condition, 1.76. i e e o et o b e S——s. Eggplant Is Cheaper. father as head of Mansfield & Sons, Tomatoes — Supplies light; demand | manufacturers of boots. SECOND LARGEST PLANT. | Tomstoes e s s “hanee - in prices; Cuba, repacked ripes, wrap- ry! Pr ped, 3-pan cartons, choice count, run- ! ' e 1:;”1 POW;«: OJCC; :Xceefled D e Santsicount avAbeD; bleco‘ ming exllanlp edy? n t N ripes, wrappe: ncy count, 7.50a8.00; ¥ at Niagara Falls, ripes, wrapped, fancy U. S. No. 1 Grade—the best We can change our heating plant from special Dispatch to The Star Carrots — Supplies light; demand in a few hours BALTIMORE, Md., March 4.—Initial | moderate, market firm; Texas, bushel o . horsepower of the Conowingo project | fuukets, 2.00a: 1y 2.00. 0Oil Burner Demonstration tion of the Ningara Falls plants, which | troe s s s o)+ Texas, bushel et ) hy stalled b X v f 4! > S . 000, the Conowingo piant wil be the |, Lebbers —Supplies llght; demana BALLARD OIL 5. EQUIPMENT CO. Viggest In the country, with its Initial 2 v eapacity of 301,000 horsepower. i el e A A .’n",llifi‘lfifm‘"\"\-1‘3‘3}"3{23“?-"&‘:..' e | moderate, market slightly’ weaker; 1745 Connecticut Ave. el < nd -+ | Cuba, pepper crates, fancy, 6.00. !+t Holtwood, the capacity of the two | “'giu RIPPEC FRRER [T SR ge. || Investigate the SUPER HEATER ydroelectric power companies on the | 4" 1 qerate, market firm: Cuba, Fusquehanna River will total 451,000 | TOE TIOTERAte, MATACl, frm: J horsepower, only 1,500 horsepower less Btmwberfle'l Piupblléfl .very lght; {han the capacity of the Niagara Falls | gemand moderate, market firm; Flori. plants. . 5 The dam to be constructed across | 42 pony refrigerators, mostly 50 per the Susquehanna River will have a anrla—suppllen very light; demand Jongth over all of 4,800 feet, compared with 4,600 feet for the Muscle Shoals | moderate, market fairly steady; Cuba, structure. —— 2 GERMAN BONDS AND sTocks. | TRADING LIMIT FIXED. (Quoted in dollars per Iznflk.:r‘!d marks. ) 3 Asked. 4 ger Gt (w In) Bs 1014-18. 850.00 Rubber Futures May Now Vary 8 lismbure 41¢ 1919 . 180.00 29399 v v % 0 200.00 (Quoted_in dolla t . Quoted_In dollae pei rxmnw.gnmug:& Cents Per Pound. & ST [ ggo NEW YORK, March 4 (#).—The 780 | board of governors of the new Rubber | [f 2800 | Exchange of New York yesterday | 3300 [ raised the single day’s trading limit !1n futures from 6 to 8 cents a pound. | f AL B Y | This decision was reac at a_spe. | [i . . = {ommerz 3 options—May, July an . o . ;"Lh e i e e ASSOCIATION Old Cabbage Ripe Tomatoes |Pork Loin Roast. . .. Ib. 35¢ | Spanish Mackerel. . . .1b. 35¢ P M T R a8 - Ib. 5c Ib. 25¢ Pork Chops Ib. 40c | Fillet of Haddock . . . .Ib. 32¢ levels, closing 3.8 to 4.8 cents a pound NEW YORK, March 4 (Special).—! net lower. Cotton goods markets again were e 0 | cents and July to 49.10 bid, a drop of 3|90 points. Following the 2 p.m. call, —_— the market steadied and prices rallied CLOTH PRICES EASIER. 1 to 1% cents a pound from the low o Compounded BUTTER EGGS e Sovprin i S| roroavatecan, (f SesbAseely “Sunset Gold” PIGGLY od at 8% cents for 64 by 60s and 9% | BALTIMORE, March 4 (Special).— S PR t Go Every p\ll’dllte from | WIGGLY STORES Strictly Fresh ; Fancy Fresh Creamery | Assets Over oventa for 68 by 72s, the latter a de- | Even the short month February beat oline of an eighth cent. Raw silks | January In arrivals in port by femt must give you complete satisfaction or your money were weaker, dropping 5 cents a|January had a total of 223, while the $11,000,000 35 pound for most grades. otal for February was & " . . s e tonage 1ed by 161 vessels, of which || Surplus, $1,000,000 Lb. 51c will be cheerfully returned—without question. by c 3 Dozen . . . $1.00 ) m YORK ‘BUTTER PRICES. |one was a brigantine and four were | { Cor. 11th & E Sts. N.W. schooners, all of the seagolng type - nw;d YORK, Mm;x"l:x; (A’)b.:(B‘umr. and bringing ‘;n’rgl:ses. . Great Britain nsettled; receipts, 14,489 tubs. Cream. | was represen y 25; Norway, 17; JAMES BERRY, President . higher than extras, 45%ads: do, | Italy, 9; Denmark and Japan, 3 each; A eiran (03 soorm, ¢6; do. fAirets (18 10|Sweden and Holland, 3. Germany: JOSHUA W. CARR, Sec'y P1 scorel, 423%adéis. Ccechoslovakia and France, oue each. 5 S RZA S 7S Sz A LS SRR T2 . \ i '