Evening Star Newspaper, April 22, 1926, Page 29

FINANCIAL, NEW POTATO PRICE DROPSIN MARKET Home-grown Spinach Now Is Practically Supplying All AS SHOWN BY CALL OF APRIL 12 Nationals Banks. April 12,1926, $9,050,600.583 Dec. 31, 1925, Bank of Washington.. 7 Columbia Bank .. Commercial Bank District Bank Farmers & Mec! Federal-American Increase. Dechease. $80,174.30 ... 51,181.60 .... §34,173.16 . 309,032.14 ...... 204,357.93 ... $296,341.30 DEBT ACTION AID 10 COPPER TRADE Will Put Italy in Position to Carry on Electric Power THE EVENING STAR, WASHINGTON, D. €, THURSDAY, APRIL 22, [CONDITION OF ALL LOCAL BANKS NEW N. Y. C. FINANCING PROJECT 0. KD BY 1. C. C. Chairman Eastman Objects to Mar- keting Issues Through “Single Preferred Middleman.” Objection to the New York Central Rallroad marketing its new finance issues through a ‘“‘single preferred middleman” was made by Chalrman Eastman of the Interstate Commerce 1926. made public today along with the commission’s approval of the issuance by that road of $11,172,000 of equip- ment trust certificates. Proceeds of the issue, which will be sold to J. P. Morgan & Co. at 976 per cent of par, will be used jointly by the New York Central, Michigan Central and Cleveland, Cincinnati, Chicago and St. Lovis Railroads to purchase new equipment at a. cost of $16,031,491. “There is no sound reason,” Chair- man Fastman said, “why a railroad like the New York Central should market its new securitics through a. single, preferred middleman. In fact, FINANCIAL. employ a middleman at all in the case of an issue such as that which is here | under consideration.” SILVER PRODUCTION. NEW YORK, April 22 (P).—The American Bureau of Metal stasistics reports that North America and Peru produced 16,419,781 ounces of siiver | in March, against 15,499,840 in Feb- | ruary, and 15,524,404 in January. Stocks of silver in the United States at the end of March amounted to 395,192 ounces, against 1,024,878 at the 29 ° FINDS CONDITIOINS GOOD. NEW YORK, April 22 (P).—Agri- cultuwl conditions arf good in the territory of the Atchison, Topeka and Santa Fe Railway, with early indica- tlons that a much laiger volume of Winter wheat and citrus fruits will be moved by the road than last year, says W. H. Storey, president, who also looks for heavy movements of ofl and lumber. FEarly estfmates show that March earninigs were siightly larger than March last year. Bnnk checks still are seldom used there 1s no good reason why it should | end of February. e T Commission in a dissenting opinio (A Franklin Liberty Lincoln Metropolitan Nat. Cap. A slightly weakened condition of [ Riggs the market has brought a decrease | Second ’ 2 in the price of new potatoes, Florida Special Dispatch to The Star. stock of Spaulding Rose, No. 1 stock, Total < : i 9 8,561, NEW YORK, April 22—Virtual being quoted at 16.00. Bliss Tri “***lconclusion of the agreement for the umphs, Texas products, 1% inch payment of Italy’s debt to the United m‘lx\[nmlvu'”\‘\(‘»\;f'mu\lluln. at 8.00 for a States today brought a feeling of op- sack of 100 pounds. Home grown spinagh is practically timism to mnnu(nc:urerfltol zle‘cm(:)l supplying the market, receipts from | (ROVY machinery and equipment and to pro- South having dropped oft very |G UERS ducers of copper, lead and zinc. i oy e ate| Dapartmental As to copper, the export market for \Ulmhu Bk siiloen’ wene wapoitel ;‘ikfltn:\‘n.f)uumm| 9 the commodity is a decided factor in { Industria 3 % i price. Every cent up from its pres s ent figure means hundreds of thou- Abunt Vernon sands of dollars in net earnings to the North Cgpitol . copper mining companies. ihbart The arrangement for the payment a ton. Hampers cont ng 1% 1o e .. of the debt will go far to put Italy bushels of pointed type stock, prod- | B - in a positoin where she can proceed u.‘w.}.a S‘,":.“,‘ lt‘.nvlnlvn\ r;\;»;‘;\qnylv;l Prudential b;ll‘dum'»l “lvn‘n h‘er l]lu:e p{u T at from 1.00 to 135, Florida stock vdro-electric development. Amerl- bringing 1.50. g can electrical gquipment manufactur- A drop in the price of fowls wa ers have been in close touch with the the only change reported in the situation in Italy for months. They poultry market today. Live fowls| know the extent of the machinery in- were quoted at 33 and dressed stock volved and now can look forwerd at 85 cents tod: more confidently to the definite plac New York and Philadelphia re- ing of orders. ported a slight increase in the price Those orders will involve the use of butter, but the local market was of hundreds of thousands of pounds not affected. Prices of most com- of copper, lead and zinc. Domest . $1,360,212.32 | COnSuUmDtion of these metals is high at 53.288.55 | Present, and this will give even great 49,215.23 Demands Here. Projects. 16,147,400.96 1,886,792.17 38,147,927.39 5,661,097.37 BY J. C. ROYLE. Anacostia Bank of Bri re be- veceived from South - Carolina oride and Texas. The Texas stock. yeceived in bulk, was quoted at 60.00 R bdrid.-Langd. Com... 32,550.017 .,.' $33.6 50 $806,508.81 ALI ed with Merchants’ Bank and Trust Co. modities today were the same aS},n0 400, g, those quoted yesterday Continental Market Prices Today. Moichoate gl"'nt;fl"('l to improvement in foreign ter—| v -pound print: Munsey ng. Entter tency, 1 youndbin) e e pitaly now fs a hive of industry. 3 : h selected, 31; hen-|Union Trust 3 lhnt country has an abundance of S 2a34: current receipts, 28a2d. | Washington Loan [labor, both " skilled and unskilled EVSSI auiranc receibis, o Wages are low, supplies of materfals Eoulimyy aliee S eve, e are excellent. ' Italy plans to be « 40: toms, $5ad0; Spring brofiers, 2 world_competitor in the markets for a60; Plymou M manufactured goods. The one ele- to 2 pounds. 55a60; smaller, 08 ment lacking is a fuel supply. nite Leghorna, ~ 40443, - Vlnter LR 50 806,808.81 With the harnessing of Italian chickens, 3 pounds and over. A0 |t “compantes ..01) 80.661.97213 8 20 " streams and production of cheap elec fowls roosters, 22; dueka, Jouni. desi i = i ———— | tric_power, students of foreign trade 5; keats, : ey predict a perfod of remarkable Indus- el trial development for the countr: e Now that the debt question Is practi- cally out of the way, the road is open for the financing of power develop- ment. Electrical equipment sales so far this year have broken all records. The Western Electric Co., for example, today reported that sales billed for the first quarter totaled $57,893.000, com- pared with $57,338,000 in 1925, while {orders recelved aggregated $61,067,000, 6619 menmhtmn 2,773.99 $3,838,561.63 Totals I T FRESH SPRING VEGETABLES Piggly Wiggly Stores have the best assortment and the finest quality Spring vegetables at the lowest prices. w0, 69c POTATOES : No. 1 RHUBARB KALE Home Grown Grade New Home Grown Crisp and Tender Lb., 75¢c District Bankers' BYERS ANSWERS ATTACK !DODGE CANADA PLANT OF SENATOR SHIPSTEAD | IS LIKELY TO BE CLOSED Western Mflryland " Head Denes Will Suspend Operations if Govern- Rockefeller Controls Road—Lays | ment Does Not Make Some Modi- Strike to Employes’ Acts. fication of Tariff Changes. 5 the Associated Press. compared with 357 881,000 in 1925. TORONTO, Ontario, April 21.—The factories of the Dodge Motor Car Co. | |SEES PROSPECTS BETTER of Canada will be permanently closed | bresent inventors hna been |Northern Pacific Head Expects disposed of unless the Canadian gov- | 1926 Earnings to Top 1925, ment makes some odification of the 1ariff changes reducing the duties | NEW YORK, April 22 (P).—Gross on imported motor ¢ according to ‘nues of the Northern Pacific in atement issued today by E. P.|March were $500,000 more than the rkson, manager of the Dodge Ca- ,433 for March last year and net r Wi o an firm ating income increased $362,000, i 'le\l”Z ::’{o’“;‘\dd !;:!“,_ ok Terolotithe 12 dicectors of the x Clarkson's statement, following | Charles Donnelly, president, said to- T X T mos | way represent Rockefeller, he | nis return from Detroit, ‘where he | day. he crop’ outlook along the -00; fancy while coal from Rockefeller mines | conferred with officials of the parent | western end of our lines in Idaho, sents only a small part of the nization. declired that the com- | Oregon and Washington is beter Gt Sot ss handled by the Western Pany would make no further pur-|than last year. Winter wheat in this mand mod arket steady; South | territory is favored with good mois- . 1 N se commitments and that such ree: anch crates green,|Maryland. He continued n mif 4 < ., dozen bunch crates green.| T sirike of engineers and fire. | equipment as is portable will be re- | ture conditions, I think prospects for 5.0 ¥ the road’s earnings this year are bet- “mall size. 2.00a|men last October has not affected the | moved to the United States should | ‘sales reported. | efficiency or safety of our service. the plant "1":«' . ter than last year.” A upplies heavy: demand irthermors, it is an interesting | “We can but reafirm our state-| Howard Eiliott, the road's chair- weak: South Caro. at the Brotherhood of Locomo. [ ment that continu 11“"1 B ’IM;\" | man, said maintenance of way work pointed type, | tive Engineers employs non-union la- | facture on a permanent hasls 18 Im- | was considerably ahead of last year, 1 low as|bor to work in its mines in West Vir. | bossible,”” the statement concluded. | about 110 miles having been relaid, % ginia. If the organization be — | compared with 43 miles last year. The ballasting program also was further nostly areutdlin union principles this situation | ton flat tyPe.| ¢, 1ia appear just & bit inconsistent.” | PROFIT DECREASES. advanced. W YORK, April April 22 (P — BAR SILVEB. PRJCE Mr. Byers denied he had forced | NE strike issue, asserting the emplo; t profit of ndard Plate Glass NEW YORK, April 22 (#)—Bar sil- ver, 63; Mexican dollars, 48% Association, G0a6 90a1.00; old, Ives, choic broilers, young, Live stock—( dium, 10all; thin and medium, 13 nbs, 18. Meats—Beef, 16 22a24; : me- ;" shoulders, 22 Fruit and Vegetable Review. market report on fruits and vegetables, furnished by the Mar-| i) piutcin 1o The star } Sokal Broni s BALTIMORE, April 22—John D.| App Supplies moder; and| Rockefeller, jr., does not control the | e Western Maryland Railway nor are B eioe e »-handed tactics by the road's of r quality and condition f responsible for the strike « ‘| employes, Maxwell Byers, president | s Dutis 0.%0A05 of the railway company, asserted in | n. Senator Ship- A 234-inch Ben Dav - s higher. Boxes, Washington, mec reply to an attack by i stead, Minnesota. Nice Green Heads Lb., 7%c Lb., 5¢ Lettuce ta. 12c |Celery mma. 12c STRINGLESS BEANS| .TOMATOES You. All Know How Good They Are—Just o 2DC Look at the Price The Well Liked NEW CABBAGE Home Grown 2 Bunches 15¢ Supplies moderate; de- bbage— moderate, m: M T ves | 3 hull\ per Lettuce—Supplies moderate; de- mand moderate. ket fairly steady; California, Imperial Valley, crates Ice- vpe, poor to fair quality and condition, 4-5 dozen, 3.0023 6 doz- had forced this themselves by making | Co. for the first quarter of 1926 fell demands which were made on no 601, compared with $182,045 in other railroad in the countr: esponding period last yi ston type, timux\fifsnpplwq light light, market weak; Tex crates, vellow Bermud: pack, mixed, No. 1 and No. 2, 3 350 demand , standard g T e Potato Market Steady. moderate; old demand moderate; market falr. ly; Mich 30-pound t Rurals, mand Florida, Spaulding 1 18.00; U. moderate, double-t INSTANT | SWANSDowx (T E ach — Homegrown the marke! Strawberries—Supplies liby mand moderate, market fairl ida, pon: uisian 26.00; supplying pint crates, Klon- ome poor condition Franco-American SPAGHETTI The National Favorite ipplies moderate; de market steady; Flori- nd turning, wrapped, 00a6.00; few higher, according to rtons, ripes, mand moderate, da, sixes, ripes fancy count, choice count, 4.0025.00, condition; Cuba, 3-pan ped, choice count, No sales reported. light; too few et supplies light; demand moders steady; Florida, pep- Can, 10c | :23c%..45c¢ : ‘1‘“" When It's 90° In The Shade EGGS 34 B“TTER "s“....e Gald” 45 FRESH MEATS=FRESH FISH BUCK SHAD, Lb. 25c Rib Roast Ib. 33c |Halibut Ib. Chuck Roast Ib. 25c¢ |Salmon Ib. 38¢c Shoulder Lamb Chops Ib. 40c |Filet of Haddock Ib. 28¢c Breast Veal (Bne o) |b, 25¢ |Croakers Ib. 12; Veal Chops ib. 40c |Boston Mackerel Ib. 25¢ For All Purposes Can loc Doz. 51'15 Case 52 25 KRUMM'’'S Burt Olney brand, packed in swans nown home-made cakes. " Buy Them Amorted lar, 25¢€ SNOWDRIFT | EVAPORATED The Big Value Extra Small The New Improved ROSEBUDBEETS| Instant Macaroni, Spaghetti or glass jars containing 1-lb., 4-0z. A dry batter for Egg Noodles of fancy beets. An unusual value. | all kinds of simple e, 15 Package, 25¢ | Packages, C Campbell’s The Ideal Shortening Van Camp’s 3 Cans 25¢ Can, 10c Guaranteed Strictly Fresh After such a long winter, it’s hard to re- member the scorching, hot days of summer. But they’ll come and when they do, you’ll need a good refrigera- tor. s—Supplies moderate, mar California phones, 5.00; South nampers, small pod 4.00; mostly 4.00 String beans—Supplies moderate; demand 7 rket dull; Florida, “g-bushel hampers, green, best, fair ity and condition, 3.0023.50; poor inary quality and condition, 1.00a2.50; some refused. INVENTORIES ARE Low. «Trade Depression Would Fint No Big Stocks to Be Sold. Special Dispatch to The Star. BALTIMORE, Apri the event of a depression in trade there are no great inventories to be liqui- dated such as existed in 1920, ac- cording to Frank B. Cahn of the Jocal banking firm bearing his name. “It is more than a coincidence that the securitles of companies which have shown the hest inventory control since 1920 are those which have had the most substantial recept advances in the stock market,” Mr. Cahn as- serts. One mail-order house, for example, nas reduced its inventory from $105, 000,000 to $50,000,000, or more than 50 per cent, while the ratio of in- ventory to sales in the same time has fallen from 44.9 per cent to 21.2 per cent. demand weaker; Tele- bushel 3.50a hampers, rolina, varieties, The Leonord Cleanable is a good refrigera- tor. It keeps costly foods sweet and pure in the hottest weather. And they’re not expensive either. 38c For instance, there’s a one-piece porcelain- lined Leonard Cleanable at $58 and others for a whole lot less, too. We'll be delighted to show you all. Loin or Rib LOFFLER’S SAUSAGE . 35¢ Lifetime Furniture Is More Than a Name MAYER & CO. Seventh Street Between D & E Chickens 48c Every purchase from PIGGLY WIGGLY STORES must give you complete satisfaction or your money will be cheerfully returned — without question. LT Are You a Sucker? Too many people put their money in day dreams and wake up hroke. Never put your name ‘on the dotted line until you have inquired of some one In your bank what he knows about some stock issue that is offered 10 you privately. JIITRTET =l oo LA TARARRA LA L T URNIT e