Evening Star Newspaper, March 23, 1926, Page 28

» H L2 ROULTRY RECEIPTS . CONTINUE LIGHT P;rices High—Meat Dealers at Center Market Foresee Heavier Buying. Meat ereased deaters expecting an- sales the latter part of next W ont the close of the Lenten porting business as having Leen slow since the Christmus holiday ntinue high, due throuzhout the <hipments - frod re is not mue ucts, dealers nd an active demand, they o} ald have a material arhet or such pro stock, would be un- Ponltry is put condition, it s wals to many con s fresh-killed stock d emp prices today were the same as prices at vesterday's market. Wholesale Prices Today. v itaney pound prints, 4% indled, a0 port on fruits the Market Agricultural 0: boxes, Wash- | size, extra few higher; | nd Yellow 3 al:.demand | ker; Cali very large liberal 1y; new stock round and flat ndredweight. 00; Florida, (g -Supplies rizona, crates 45 dozen, fair quality ! type, 4.00a4 1s—Supplie , market sa moderate; demand firm: New York, Yellows, TUnited 50; Michigan B G mostly 3 upplic mind mode pound sac 150-pou obblers, United States, niderate: ket firm; Te y type, Supy Strawherries Cheaper. supplies libe et fairly stead | demand Mex- . ripes, wrapped, choice count, 1y 8.00; fancy count, mostly 9.00; oxes, originals, ripes, wrapped, w2, 3-pan cartons, ripes, choic 3.00. supplies moderate: demand t steady; Texas, bushel buskets, 2.00. Beets upplies light; too few sales establish m: s Supiies 1 t slightly weaker 0 mand Timited hothouse 11.50; double iwherries ind moder; oridi, P mostly around andition low as 43 few poor 5 per quart. NEW STOCK ON CURB. NEW YORK, March 23 (®).-—A other new security will be brought to Wall street this week when the com- mon stock of the Herman Nel poration of Moline, 11, manu! of ventilating apparatus, 1s admitted {0 trading on the New York Curb \arket on Thursday. The stock has heen traded in on the T Lxehange and no new fi involved. T i ized at 100,000 shs Noyes & Jackson New York Stock I sponsors for the issue, report 1925 earnings of § as compared with $144,440 in member: OIL REdEIPTS LARGE. o The Star. ! , March 23.—Oil prod- ts received here last week exceeded for the last several months. teamers delivered 587,000 crude wil, 37 of refined " i Mexico, Loudsiana, ( 5 up the unusual ree was supplied by Mexico. BALTIMORE BULK IMPORTS. BALTIMORE, March 23— Bulk norts received at Baltimore last week cluded the following tonnages B 500 bunches; bonemeal, 500 000 barrels; ganese ore, 90,644 hags , 822 bal hests ar spuar rt consigmanent of el Was received Lrom Swadaoide | February, EVERYMAN’S INVESTMENTS BY GEORGE T. RUGHES. Preferred Stocks Neglected. In the preceding article we discuss- led the criticism made of preferred stocks as fnvestn s on the ground that they do not have the security of bonds, which of course is true. We | #howed, however. that some of them, | as far as regularity of income is con- | cerned, are just as sound as bonds. | The other objection to preferred stocks is that they do not afford the holder the opportunity of sharing in the prosperity of the company as do common stocks and that thelr pre- ferred position is not sufficient recom- pense therefore. It cannot be denled that from one standpoint the objection is valid. The answer is that all those re taken account of in the The compensation for those draw hacks comes in the return preferred give compared with other se- curities. This is strikingly brousht out in times of rapidly advancing prices for stocks. The ma the entire vear illustrates the point. Al those months ] period of risin es in the st market. Bonds ¢ ed also, quotit tions reaching the hikhest point in <. But all during that period the preferred issues were neg- lected. On the one hand, the investor who insisted on bonds for reasons al Iy stated would not consider the rred stocks under any clreum stance, On the other hand, the spec- { nlator who was looking primarily for vice 4 chei value holdings > nothing mmon Stoc as not in- terested in preferred issues se he knew that the fact that they were limited to a fixed dividend rate als limited any increase in the quotations he result wa at the investor who was willing to overlook the disad- vantages inherent in the preferred stock was able to get a larger return on his money than he could in any other form of investment with equal safe . L A GRAIN AND PRODUCE. BALTIMORE, March 23 (Speclal).— White potatoes, 100 pounds, 2.0 450; asparagus, dozen, 7.0 mper, 6.00a8.00; a9.50 : peppers, 100 pound 100, 6.0028.0 onions, plants. peas, X masket, 7.00; spinach, cabbage, basket, .25 arrel, 2.00a5.50, bushel, .75 box, 8.50a5.00; 15.00; tangerines, rawberries, quart, selling Prices at Noon. . 2 red Winter, spot, do- mestic, no_quotations; No, 2 red Win- ter, garlicky, Corn—Cob, pot, 3.75 per bar: domestic yellow, new, 7. exports, 733 asked 4815249 asked; Rye—Nearby, new, 85a90; No. . spot, no_quotations. " Iteceipts, 84 tons. The supply on this market is liberal, but g s principally of medium and low«drade stuff, the movement of which is very draggy. A limited in- quiry is in evidence for the better qualities of timothy and choice light clover mixed hay at steady prices. Quotations, S No. 1 clover, 23.00a23.50; No. 2 18.00a20.00. 0. 1 wheat, at, 14.00a14.50, b SRR ZINC PRODUCTION. NEW YORK, March 23 (#).—Zinc production of the world for February is estimated by the American Bureau of Metal Statistics at 109,700 short , compared with 113,000 in Janu- ry and 111,700 in December. This estimate is based upon the output for reporting countries of 96,274 tons in compared with 99457 In anuary and 98,234 in December. —— LEAD PRODUCTION. NEW YORK, March 23 (P).—Ap- proximately 102,713 short tons of lead ary, compared with 110,561 tons in January. Of this total 73,720 tons came from North America, against 79,137 in January. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOISE, Idaho, March 23.—Sales of new wool are increasing slowly in the Pacific Northwest. In the last few days 500,000 pounds have been sold here at o 35 cents for cross bred. Recent Yakima, Wash., sales have totaled 100,000 pounds at about 30 cents, while Portland sales have been equally heavy, with prices un- announced. KERRVILLE, Texas.—The 100,000 pounds of mohalr now in Kerrville warehouses shows a marked improve- ment in quality as compared with previous stocks. A fine increase in kids and lambs is reported by Kerr County stock growers. PITTSBURGH.—The recent buying of steel has been in small orders, but frequently repeated. Most buving is for prompt shipment and it is evi- dent that consumption is going on at a high rate. JACKSON, Mich.—Unless injured by frost or cold weather in the next 45 days, growers estimate a 1,500,000, bushel peach crop will be harvested in Michigan. The pear crop is ex- pected to be light, as many orchards were damaged by fire blight last sea- son. The plum crop_ probably will be heavy. A large Baldwin apple crop is in prospect. AKRON, Ohio,.—Moderate improve- ment in tire sales is reported by Ak- ron manufacturers, although produc- tion continues at low levels. Manu- facturers report a better demand for so-called “second-grade” tires. ATLANTA.—Indications point to a fair success in efforts of merchants and bankers to force curtailment of the acreage planted to cotton in this State. 5 EL CENTRO, Cal Imperial Val- ley lettuce shipments have dropped to around 50 cars daily as season is nearing its end. Good prices huve been received in Eastern centers for the Winter crop. HAZELTON, Pa—Merchants in -| the anthracite field are prepared for a big year's business in view of the Llg pay checks which will come to miners the last of March. TRINIDAD, Colo.—Coal production in Colorado so r this vear h 074 tons. a drop of 32 0 tons as compared with the cor- cponding verivd of 1925, The iverage number of miners employed 1s 500 Jess than last year o D: 13.00a14.00; \ere produced by the more important { ! lend producing companies in Febru- THE BEVENING STAR. WASIHINGTON, D. C, 'JIUESI;AY. MARCII LOOK FOR DIVIDEND. Directors of Erie May Consider Ac- tion at Meeting Friday. NEW YORK, March 23 (#).—Wall street's attentlon is being drawn to the meeting of directors of the Erle Ralilroad next Friday, when, it Is re- ported, conslderation may be given to dividends on the first prefered stock. ’Thls would be the first action of this kind in 19 vears, and Its possibillty acounted for a rise of more than 3 points in the shares erd; It is pointed out in railroad circles that declaration of a dividend would y the road in a better bargaining posi ‘tlnn in revised plans for the Plate” i pro dis SHIFT IS REPORTED SEAING B CHAN Hgld to Be Negotiating for 170 Butcher Shops in Buenos Aires. BY JOHN W. WHITE, By Cable to The Star and Ch TENOS AIRES, Argentina, M K is persistently reported in banking and stock exchunge circles here that Swift & of Chicago is negotiating for the purch £ 170 chain butcher shops in Buenos Aires. Present conditions in the K meat business and that company’s ac- tion under similar conditions in the United States 20 vears ago, add cre- dence to the report. The quality of Argentine beef has been declining serlously, with the sult that there has been a decre: 78,000 tons in exports to Great in the last year. The decrease is 8 per cent of the previous year's ship- ments, and represents a loss of $4, 770,000 compared with 1924, The poor quality s the outcome of a crisis in 1921 which followed wild speculation in lands and cattle during the war. During the is breeders sold their herds to meet ¢ tions at subsequent low pric There was an unjustified renewed Importation of thoroughbred bulls to malintain the high quality n for chillers. The British 1 complaining that Argentine chilled meat is unsqual to the former quality. It is feared here that this will lead to ‘increased importation of live cat- tle from Canada since Canada is mak- ing every effort to compete with Ar. gentine beef on the Smithfield market. (Copyright, 1026, by Chicago Daily News Co.) St e CHICAGO LIVE STOCK MARKET CHICAGO, March 23 (United' States Department of Agriculture).— Hogs— Receipts, 18,000 head; uneven; heavy butchers steady to strong; lghter weight slow; steady to weak: packers bidding 10 lower; bulk of to 350 pound butchers, 11.20a12. better 200 25 pound average. largely, 12.50a13.10; bulk desirahle 180 pounds down, 13.25a13.50; top on 140 to 150 pound weight, packing sows, 10.20a10.60; sorted killing pigs, 13.75a14.00; heavy-weight hogs, 11.15a 12.05; medium, 11.60a13.20; light, 13.75 as other roads in the lidation had increased ing sows, 13.50a14.00, Cattle—Receipts, 14,000 head: gen. erally steady to strong trade on fat steers; best medium welght early at 10.50; some held higher; libel sprinkling of good to choice offerin: o, |here; light and medium welght g ting best action: she stock steady bulk of latter class comprising dal bred canners and cutters m steady at 4.26a4.75; bulls alers uneven; mostly 11.50a12 early: few a rd to 15.00 for heep—Receipts, sirable light and lambs fairly active; general! at 14.00a14.25; others slow; practi no shearing lambs on sale; few sales of odd lots of fat ewes, 8.00 steady. aster gpecialties 20,000 head; - de- handyweight fat eady 1y o PARIS PRICES TRREGULAR. PARIS, March 23 (P).—Prices moved irregularly on the Bourse to- day. Three per cent rentes, 47 francs 65 centimes. Exchange on London, 138 francs 40 centimes. Five per cent loan, 56 francs 80 centimes. The dollar was quoted at 28 francs 49 centimes. GRANTED EXTENSION, The Lehigh Valley - Rallroad was granted an extension today by the Interstate Commerce Commission from March 31 to July 18, in which to in- stall automatic train control.devices on {ts lines. “Nickel | | did not | pric {In_ 192 WAR IN CHINA AIbS PEANUT GROWERS| Bright-Leaf Tobacco Farm- ers Also Reap Harvest From Strife. BY J. C. ROYLE. * Special Dispatch to The Star. NEW YORK, March 23.—Political unrest and revolutions in China, which culminated Monday in the cap- ture of Tientsin by the troops of Chang Tso-Lin, seem likely .to bring extraordinary profits to some Ameri- can farms the peanut growers of this country anticipate the season will yleld them more from their obers” than from cotton or other The growers of Virginla and re Joyous in conse- quence. The farmers say that the buyers of ne have held the thr of for- eign importations over their heads, declaring in effect that if the growers Al their products at a low , the mills would bring in Chi nese nuts. Now, however, recent Chinese crops are held in the interior. Political disturbances huve cut down the quantity raised and the move- ments of troops and bandits have checked shipments. The stocks of Chinese nuts available are small and the American growers are preparing to take the attitude of the old song which say: “You an’t have any of my peanuts when vour peanuts are gone—that is, without paying the pric Advance 25 Per Cent. It is p ible that unless the mills pay the price they may Rave to close down. Last Fall peaput growers had to sell their products at unsatisfac- tory prices. In February nuts were selling at 3 to 4 cents a_pound. Re- cently they have advanced around 25 per cent. The growers are preserv- ing an attitude of caution, however. They got u severe sctback in 1925, when an extremely large crop was ised, and they will be slow to take ‘tion which might cause a repetition of such conditions. Ninety per cent of the edible pea- nuts in this country are grown in Virginia and North Carolina, and the effect of the foreign products can be judged when it s possible to sell Chinese nuts in competition with Ameriean nuts in Norfolk and Suof- folk, the latter the greatest peanut center of the world. The average peanut acreage in Vir- ginia s about 130,000, Last year 138,000 acres were planted in Vir- ginia and 200,000 in North Carolina. the yield was 78,000,000 pounds and last year 131,000,000 in those States, with total world pro duction close to ,000,000 pound The 1926 crop will be put in in M 1f the Chinese disturbances continue it is probable growers will plant as heavily as they did in 1925. If quiet is restored in the Flowery Kingdom many peanut growers will turn to cot- ton fnste Jumbos 4'4 to 5 Cents. flenry Taylor, Virginla State crop istician, reported today that farm- ers’ stocks of nuts were quiet, with mills buying only to cover sales. Of-|* ferings arc limited and mostly from warehouse men not farmers. Best jumbos at country shipping points ave quoted at 413 to 5 cents. Georgl: Alabama, TFlorida and producers of the runner and Spanish types, which are somewhat smaller than the Virginia grade, Peanuts are somehow asso- clated with the circus or ball game, but the loss of all such business would affect the industry but little. The principal sales are of salted nuts, in the form of peanut butter and in the form of peanut candy. The farmers usually sell in the shell to cleaners, who in turn distribute to crushers, salters and confectioners. Imports have grown to three times the amount sent here in the pre-war years, and most of these shipments come in the form of shelled nuts, since saving in weight and space is ained by shipping shelled. ~ About 10,000 pounds of nuts were im- ported up to last October. The Chinese nuts come into direct compe- tition with the Virginia and North Carolina_ varieties. Chinese disturbances have also had a splendid effect on the bright to- bacco produced in the Carolina sec- tion. Up to last I it had been selling around 15 cents a pound, but when the boycott was put on British | tobacco producers by the Chinese it caused an increased demand for | bright tobaccos from America and, the price shot up to 23 cents. | e Three thousand dogs were exhibited at the recent bench show in London. PLEASANT LAXATIVE " For Constipated Children / v “California Fig Syrap” - Even a fretful. feverish, bjlious or constipated child loves the taste of “California Fig Syrup. gentle, harmless laxative never f; to sweeten the stomach and open the bowels. A teaspoonful today may event & sick child tomorrows It . easant The Mother! Give Sick; Bilious.Chid i doesn’t cramp or, overact. Ask your _druggist for genui “CaliforniaFig 8 rup” which has directions for babies and children of all agés:printed; on bottle. Mother! You must “3ay-“California”, or. you may get an imitation fig syrup:’ -Big Brute N IO )15 192,07 Co. Here'’s why it’s a-truck like men have ‘never seen before— Greater POWER 53 Horse Power Engine—an engine powerful enough to master any job a truck is ever up —a more powerful engine than is used in other trucks of the same rating. 2 Range Transmission. Two separate pairs of constant mesh gears give the countershaft two separate_speeds. By merely shifting the range lever (which is easily accessible from the driver’s seat) the power can be transmitted either through the low super-power range for “heavy going,” or through the high driving range for usual requirements. This two-range transmission — an exclusive GMC feature — develops 30 per cent more pulling er than is possible with the same size engine and the usual type of transmission —and provides an economical power trans- mitting unit for all conditions. Greater ECONOMY Removable Cylinders: Each cylinder is a sep- arate removable sleeve, and can therefore be accurately machined to even thickness on both sides. Expansion and contraction are therefore equal in all parts. Also this feature insures a continuous close-running fit of the pistons and greatly increases efficiency. It is a matter of only a few hours to remove and replace a cylinder, and it is unnecessary to remove or rebore the entire cylinder block—an operation extremely costly in service charges and time lost by the truck. Removable Valve Lifter Assembly:—permits removing the valve lifters and rollers by taking out four cap screws. Hence a tappet or roller can be replaced in a few moments. And with the assembly removed access to the crank case is possible without removing the oil pan. Air Cleaner—filters the-air to carburetor and engine preventing harmful dirt and grit from reaching the engines working surfaces. Pressure Lubrication — to all bearing points provides a constant, unfailing film of oil over all working parts. Even the wrist pin bearing surfaces are lubricated under pressure. Cooling System is a combination pump and thermo-syphon type. The circulation of water by pump is first along the valve seats, the hot- test points, then into the head, over combustion chambers, around spark plug bosses and back through the radiator. The circulation through the cylinder jackets is by thermo-syphon sys- tem. This combination system results in very even cooling, without over-cooling the engine. Greater ENDURANCE GMC Trucks have always been remarkable for their endurance —more than 71% of all the GMC vehicles ever built are still in active serv- ice. And into Big Brute has been built even greater endurance—endurance such as trucks have never had before. Pressed Steel Frames: The sturdy heat-treated pressed steel frames, with its six cross members and rear end diagonal braces mean greater rigidity and endurance. Radius Rods—relieve the springs of all stress except carrying the load, the driving thrust from the rear wheels being delivered through theradiusrodsdirect totheframe. The radiusrods also assure perfect alignment of the rear axle. Simpler, Stronger Axles—built with fewer working parts and great over-strength—the rear axle being a full floating worm-gear type. Greater COMFORT An All-Steel Fisher Cab—which can be com- pletely closed, or opened, in a moments time. A comfortable “coupe” for the driver. And that means increased efficiency. Real Seats — built with Marshall Cushion Springs, both seat and back completely uphol- stered in rugged Spanish finish Fabricoid. The seats are adjustable. One-Piece Windshield—clear vision type, with automatic windshield wiper. The driver can see where he is going, and what is coming, with- out straining his neck. Complete Electric Lighting— Magneto Igni- tion each independent of the other. Easier to Steer. The steering gear is a worm and split-nut type — irreversible —with a big, corrugated steering wheel. It’s as easy to steer Big Brute as to stter asmall pleasure car. The tie rod is back of the axle—positively protected from damage through accident. Sold Under GMAC Plan Big Brute, like all other products of the General Motors Corporation, is offered under the liberal _.General Motors Acceptance Corporation Plan of deferred payments—the lowest cost under which any motor car or truck can be financed on time payments. PRODUCTS OF « Yellow Truck and Coach Manufacturing Company Subsidlary of General Meters GMC Big Brute, 5-ton GMC Big Brute, 31-ton Yellow Cabs Yellow Coaches GMC 1,14 and 2}-ton Trucks Yellow Light Delivery Trucks GMC 5 to 15-ton Tractors Hertz Drivurself Cars (Call Us When in Doubt—Truck Operators’ Information Bureau) ERRETT TRANSPORTATION COMP, ENGINEERS (INCORPORATED) Distributors Main—17602— 30 to 38 M St. NE.