Evening Star Newspaper, April 28, 1926, Page 26

26 LANB PRICE HIGHER IN GENTER MARKET Poultry, Butter and Eggs Are Unchanged—Veal Cheap- er Today. A good demand for meats and poultry was reported this mornins. Prices of lamb showed an _increase, while veal was cheaper. Beef and poultry prices remained unchanged. Spring lamb is a meat that always {s in demand a’ this season, accord- ing to dealers, and the fi arrive usually sells at very high prices. Genuine Spring lamb was quoted at 5 cents today, other grades selling as low at 29 cents. Veal was quoted at 20 and 23, while beef was quoted at 16 and 17. Poultry, butter and egs prices have experienced no change the past few days. Reports from New York indicate a plentiful supply of the dairy product on hand and the market easy, while in Chicago the ma of a cent higher yesterday. Market Prices Today. Butter—Fancy 1-pound_prints, ; store packed, 30. 29a31; hen- 29 35a40; Spring_broilers, suth Rock, broilers, 116 to 2 pounds, 55a60; smaller, : White Leghorns, 40a4i kens, 3 pounds and over, ; duck: young, sed-—Turke 65; fowls, old, 50a60. Live stock—Calve: dium, 10all; thin, and medium, 133 lambs, 18 40; tom 60; Plym broilers, 60a young, 90a1.00; a8; hogs, light, choice, 16a17; lamb, d pork, hea : Western, s % Fruit and Vegetable Revie Today’s market report on frus vegetables (furnished by the M News Service, Bureau of Agricul Economi Apples—Supplies moder a te; demand el: shington, me- extra fancy Win fancy Asparagus—Supplies light; de moderate, market firm; South lina, dozen-bunch crates, very large ? y 4.00; me- dium size, 2 Cabbage—Supplies liberal; light, market steady: South Carolin: pointed type, 1%-bushel hamper: 1.00a1.25; barrel crates, 2.00a2.50; few ordinary quality and ' condition low as 1.00; Florida bushel hampers, pointed type, 1. Lettuce- mand moder: zona and California trict, crates, Iceber 4.00a4.50; North hampers, demand | northe type, 4-5 doz Carolina soft, 1.00a1 Onions—Supplies light; light, market dull; Te: stand crates Yellow Bermud comme g’o,gk, mixed, No. 1 and No. 2, 2 .75, demand | Potato Market Weaker. Potatoes—Supplies moderate; old stock; demand moderate, market slightly weaker: Michigan, 150-pound | sacks Russet Rurals, U. S., No. 1, 7.75a mostly 8.00. ew stock- Demand moderate, market st Florida, double-head barrels Spaul ing Rose, U. No. 1, 11.00al1 mostly 11.00. Spinach—Home-growns the market. Strawberries—Supplie: mard moderate, r ida, pony refrigerators, and condition, 40 lifa, 32-quart 10.00211.00 crate. Tomatoes—Supplies moderate; de- mand moderate, market firm for good stock; Florida, 6s, ripes and turning, fancy count, 5.00a7.00; best, 00, according to qualit and condition. Cauliflower—Supplies light; demand moderate, market firm; California, crates, 3.25. String beans—Supplies mand moderate, market -bushel mpers falr quality and condition, 4.00. Carrots—Supplies moderate, market ke 0; supplying light steady; Flor- air quality ; North Caro- | sionaries, de- | light; de- steady green, 2 demand mod- bushel &inia, Norfoik 10a12 per bunch. demand mod. Arizona, bushel 4 .00; South | . Laxtons, | arieties, 3.00a erate, market st kets, mostly 2. tion, hotbed stoek, 3 Supplies ligh market steady hampers, Telephones, 1. Carolina, bushel hampet 3.50a4.00; small, poor v 50. Cucumbers—Supplies moderate; de- mand light, market steady: Iince hothouse stock, 2-doz. cartons, double ., 3.50; extra fancy, 3.00° poorer, T POTATO MARKET STRONGER. RCHICAGO, April 28 () eceipts, 51 cars; total United Sta shipments, 350; on track, 325: deman and trading improving stronger, especially on bulk, 4. whites, 3 sets, 4.40 ;Ih_l'f sac ui:)us v .75; new stock, Florid: : Spaiding Rose,. No. 1 500000t Texas sacked, ‘Bliss Triumphs, 6.75a Minnesota s: 10; Idaho few fanc 7 rieties, 3.00a | PARIS PRICES STEADIER. PARIS, April steadier on the per cent rentes, 47 fran Exchange on_London, centime: ive per francs 70 centimes quoted at 30 francs 2 28 (#).—Prices were centimes. 146 francs cent loan, The dollar 2 centimes. 7 was SEEK SMALLITI;, UNIT. _ CHICAGO, April 28 (#).—An amend- ment to the rules of the Chicago Board of Trade authorizing trading in 50-bale cotton contr: instead of the present minimum of 100 bales was posted today. At least 10 days must elapse before the proposed amendment can be voted upon. The action was taken at the request of the smaller shippers, who desired a smaller unit of contract. GERMAN BONDS AND STOCKS. Hamburg 4158 1919, (Quoted_in " dollars b Ger Gen Elec 4145 pre Ger Gen Elec 43%s 19, Berlin 4s ' pre-war pre-w fort a M 4s pre. Mupich s pre-war. Badische Anilin Ger -war Darmstaedter Mercur Bank Vien Hevden Chemiex] Aus A. E. G 5 110 Berliven Hauded 7200 46a l | Clayton Sag in Peruvian Pound in Exchange Is Stl_ldied in Lima By the Associated Press. LIMA, Peru, April 28.—The sag- ging of the Peruvian pound in the foreign exchange market, coupled with a rise in prices of commodities, is occupying the attention of the Peruvian government. An _American financial expert, Mr. Penny, conferred yesterday with the minister of finance while the latter and the president of the Chamber of Commerce had a con- ference with President Leguia on the matter. Merchants are much worried over the advance in prices, icularly en imported articles, ich predominate in Peru due to the exchange rate. The Yeruvian pound normally is quoted at $4.86, bug was quoted in New York vesterday at $3.70, com- pared with $4.19 a vear ago. PROSPERITY 1S SEEN IN STEEL DIVIDEND Street Regards Establishment of $7 Basis as Gesture Toward Higher Payments. By the Associated Press. NEW YORK, April 28, —Wall Street to ¢ regarded the action of the United States Steel Corporation in placing its common stock on a regular annual dividend basis of 7 per cent as evidence of continued general prosperity. The former regular rate was 5 per cent, with quarterly extras of 50 cents. The new rate does not involve larger payments or meet the demands of some stockholders for in- creased disbursements, but is regard- ed gesture in that direction. The 7 per cent rate was suggested by J. P. Mor, at a directors’ meeting vesterday. The company's latest earnings state- ment is the most favorable in two vears. Elbert H. Gary, re-elected to the chairmanship he has held since the founding of the company in 1901, said the crop outlook and labor conditions were excellent, and that the attitude of Congress was satisfactory. He re- cently opposed a suggestion of dis- tribution of the company’s §500,000,000 lus in the form of dividends. No one can predict with a feeling going to hap- said, “but it seems to me that the general business of this coun- try is in very good shape and that ther: cause for congratulation that 0 much business being trans- acted, that the demand for ever of nece: and for comfort great an§y that there is plenty money to pay for purchases.” = DISMISS COMPLAINTS. Federal Trade Commission Drops Clayton Act Cases. The Federal Trade Commission to- day announced dismissal of two com- plaints charging violation of the act through interlocking directorates against the Holly Sugar Corporation of Denver, Colo., the outhern California and Santa Ana 1zar Companies of Santa Ana., calif., and the Alameda Sugar Co. of San Francisco. This action was taken, the com- mission sald, for the reason that, “due to natural conditions, there was no competition in interstate commerce, or prospects of it between the corpora- tiol and the proceedings “‘would be futile and of no public benefit.” Com- missioner Nugent dissented in both cases. COMBINED EARNINGS GROW. NEW YORK, April 28 (P).—The first 57 ¢ one railroads to report March earnings had aggregate net operating income of $74,770,000, against $58,070,000 in March last year, r increase of 28.7 per cent. Gross revenues were $424,152,000, against $389,246,000, a gain of 8.9 per cent. MORE GOLD FOR CANADA. NEW YORK, April 28 (P).—The current gold movement to Canada was further extended today with a ship- Bank of Commerce, a total of nearly $15,000,000 since the rise in the rate of Canadian exchange. of the present premium of three- sixteenths of 1 per cent on the | Canadian dollar is expected in ‘Wall Street to attract to Canada much of the $66,000,000 in gold that came to this country early this yvear. AMiliICAN PIANO CO. NEW YORK, April 28 (P).—Net in- come of the American Piano Co. for the first quarter this year rose to $502,036, equal, after preferred divi- dends, to $9.16 a share, against $298, 210, or $4.45 a share, in the first quar- ter of 1926. EARNINGS INCREASE. ment of $2,000,000 by the Canadian | Continuance | \THE EVENING ISTEEL INDUSTRY - MORE CONFIDENT Plants Not Likely to Curtail Work_ Until Warehouses Are Full. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, April 28.—The plac- ing of United States Steel. common stock on a 7 per ceat basls, announced late Tuesday, had a purely psycho- logical eff The stock has been paying 5 per cent, with a regular 2 per cent extra disbursement annually. Under e new arrangement the same amount of cash comes to stock- holders. But the action strengthened the confidence of industry as a whole, since it reflected the judgment of manufacturers and bankers in closest touch with business all over the world. Steel mills of the Pitésburgh dis- trict have practically, cayght up with orders on hand. As SHOTt a time as a year age, this wquld' probably have meant an immediate curtailment of production. But mill men have found that they do not have tg~fear ‘‘hand: to-mouth buying,” that the volume of business is what counts, not whether the orders are placed in small lots and frequently or in heavy tonnage twice a year. ‘Will Fill Warehouses. Now there is little chance of cur- tailment until warehouses are prac- tically full. Rush orders now have become the rule, not the exception. As a result, there undoubtedly has been a decrease in the practice of shading prices for large customers. One fact, however, is absolutely plain at present. The possible capacity of the steel mills of the country, ex- panded to care for wartime needs, still is above the tonnage required for normal times. It will be two to three years at least, according to steel authorities, before demand over takes capacity. In Pittsburgh mills in general are ranging well above 80" per cent of ca- pacity at present. Youngstown is op- erating at a rate well above what schedules called for a month ago. Chi cago, Pueblo, Birmingham and Clev land mills all are active. The action of the United States Steel Corporation directors indicates that they have little anxlety over the possibility of acute foreign competi- tion resulting from any rumored com bination of British, German, French and Belgian makers. It also indicates confidence in the near future of the automobile business, the position of the railroads and continuation of heavy building construction, since those businesses are the heaviest steel consumers. Coal men felt especially relieved over the action of the leading steel interest. Iron and steel making con- sume huge quantities of coal and coke, and the bituminous trade at present is dependent on industrial de- mand to keep it from falling deeper into the rut. Some Mines to Shut. Indications are becoming more ap- parent that many bituminous opera- tors are either going to shut their mines and keep them shut or break away from the so-called Jacksonville wage scale. Each day notice is re ceived that miners are being asked to accept a wage less than the union scale on assurance of better weekly empfoyment. Some mines in Penn- sylvania, Ohio and West Virginia are | reopening under such conditions, but the move has not become general by any means. Bituminous producers who have been feeling the effects of over-pro- duction are looking for some relief when navigation opens fuily on the lakes permitting coal shipments to the Northwest. Prices have been moving slowly downward owing t comparatively light buying and heav. selling pressure. The anthraoite deal- ers have not experienced any Spring | rush on the part of householders fill their bins. Hard coal prices are | being fairly well maintained, but the | steadiness of the bituminous market | seems wholly dependent on the in-| dustrial demand. | | CANTALOUPES EARLIER. First Car to Leave Imperial Valley X by May 1. CHICAGO, April 28 (#)—Canta loupes are coming a week ahead o | last season, and the earliest on record. | Reports today from the Government | Bureau of Agricultural Econmics in- | dicate that the first car will move out | of the Imperial Valley of California | by May 1. | Warm weather has hastened the! crop. There is a heavy acreage of the early maturing mejons, and the | official report says,_it-looks like a big | season for early c ilou i The cantaloupe acreage-of the five | earliest producing -States=California, | Florida, Georgia, Loulsiana and Texas hows 28 per cent-increase compared th a year ago. NEW YORK, April 28 (#).—The New York Dock Co. earned $1.58 share on the common stock in 1925, after preferred dividends, against 77 cents a share the year before. Net income was $610,735, against $554,031. FARM LABOR SCARCE. Special Dispatch to The Star. HARRISBURG, Pa., April 28.— Demand for farm labor is greater than the supply, according to reports from State emplcyment officers. Fruit growers and counting on getting help from school children. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.——— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 00, —— &3 U6 Bid." of Amer. 7 Suzar s Am. Tel. & . Co. 4 Al\m-nnl‘l‘? CB(V)L!P‘V“ Hi ‘i Abdciated ON 08 Battimore & Ohio 6s 1 FA 039 Bethlehem Steel bs 1936 .. [ 3 E,. 1st 58 & E. b, of Y‘,‘{'m& al G. ted Mo Northern 7 Corp, Pa. 5, Giit'on fambie & 195 Humble Oil M. St P& New Yor Qrexon $h Sinclair ¢, Oil P. C WL 8O0 PEuht Ba i Uhion Pac R. K. C. 48 19 ULS. Rubber 7 Western Union_ @ Westinghouse E.& PUEBLO.—Farmers in the Arkan- sas Valley have decided not to plant sugar beets this year under contracts offered by the ‘American Beet Sugar Co. carrying a_minimum price of $6 a ton. Growers in the Great Western Sugar Co.’s territory are receiving a minimum of §8 a ton. s. A. L. EARNINGS JUMP. Net Revenue for Quarter Shows $187,260.90 Increase. Special Dispatch to The Star. NEW YORK, April 28.—Operating | revenues of the Seaboard Air Line Rail- way Company amounted to $6,856,733. 30 in March, an increase of $1,168,. 684.61, as compared with the corres- | ponding month in 1925. Net for the | month, exciusive of interest on ad- justment bonds, was $673,082.79, a gain of $33,586.87. Net for the three-month period | amounted to $1,193,173.11, a gain of $187,269.90, as compared with the first quarter of last year. BUTTER UNCHANGED. CHICAGO, April 28 (#).—Butter un- changed; receipts, 7,327 tubs; eggs, lower; receipts, 24,357 cases; firsts, 29a20%,; ordinary firsts, 28; storage packed, extras, 3114; storage firsts, 30%. ‘WILL DEVELOP RESORT. Special Dispatch to The Star. > ATLANTA April 28.— Franklin D. Roosevelt of New York has purchased the Georgia Warm Spring property from George Foster Peabody and will begin at once development of an-all-year-around resort the principal feature of which will be the largest artificial swimming pool in the world, NEW HOME W, R.SHFARE Co. UNDERTAKERS Founded 1872 1623 Conn. Ave. Branch 4209 9th St. N.W. (Petworth) Phone Potomac 4600 ALMUS R. SPEARE * E5VE s, ~icnos STAR, WASHINGTON, .CAR LOADINGS INCREASE. Gain of 35,429 Over Last Week Recorded by Rail Body. Placing freight car loadings for the week ending April 17 at 964,935 cars,’ the American Railway Association last night declared this represented an increase of 35,429 over the preceding week and 41,091 over the correspond- ing week last year. Merchandi in less than carload lots reached 265,548 cars, an increase of 600 over the preceding week; coal, gimmmmm FREE With Purchase of $25 Pretty Glassware Wa- ter Set consisting of pitcher and six tumblers. $5 Enameled Canister Set consisting of coffee, sugar, flour, tea and spice containers. Quality the Big Features in oo S S ISSRRR AR AR e will furpish your . LivingRoom . DiningRoom or Bedroom! See these amazing values in room suites before you decide to buy! SO AR ARSI S Easy Credit Terms! SSSSSSSSISRSSRRARARR AN IS (' N.E. Corner 7th and H Sts. N.W. Jiliiiilizi D. C, WEDNESDAY, APRIL 28, 1926. 167,249, Bn advance of 3,352; miscel- laneous freight, 364,907, an increase of 25,018; grain and grain products, 37, 776, an advance of 1,884, and live stock, 27,318, an increase of 2,4i7. COPPER SCRAP HIGHER. NEW YORK, April 28 (#).—Copper scrap has been advanced from % to 3 of a cent|in the Chicago district. Lead scrap also is slightly higher. Heavy meltjng steel scrap in the Chi- cago district has declined 25 cents ton, quotations now ranging from $12.50 to $12.75 a ton, THE S e R R N Y amount of service, cushion seats. ] an amazingly low price. 4-Piece Dining Room Suite te | Here’'s a big sur- prise in an attractive walnut finished gum- wood dining suite! Chairs are extra— 95 Table, Server, $5.00 Delivers This Suite woven fiber, finish. Top-Icer Reirigerator $10.95 $ 5 ] 0 Allowed for your old refrigerator when buying a new one, Three sturdy pieces, just as pictured, of strongly in brown 3-Piece Fiber Living Room Suijte Artistically designed Armchair Rocker to match, Settee, pieces for 29 & Easy Credit Terms ARNERNN | é 44 attractive in appearance. Easy Credit Terms i it *A suite built for an unusual large-size pieces—loose reversible spring Now offered at The suite comprises Oblong Extension and China Closet. nograph Has a wonderful tone and is very RECORD OIL CARGO. Special Dispatch to The Star. BALTIMORE, April 28.—Receipts of ofl products last week were fea tured by the arrival of what is re- garded as the record cargo to this port. It was 140,000 barrels of fuel ofl brought by the tanker Willlam Rockefelley from San Pedro, Calif., to the Standard Oil Co. One cargo of 50,000 barrels of gasoline from Mex- ico and 162,000 barrels of crude oil from Houston, . Tex., made up the week's deliveries. Il] Store Hours: 8 to 6 ||| NATI I 7 | E i Handsome 3-Piece Velour Living Room Suite Wing 95 Buffet and fin VIR S=TERO <wnpm comprisi and a suite, and Rocker .m three living room or comfortable bed sity calls. v % : P4 ? Porcelain Top Kitchen Cabinet Designed to save miles of steps! $29.75 Easy Credit Terms! | [ INAL N.E. Corner 7th and H Sts. N.W. Comfortably designed over- stuffed Settee, Armchair and of velour upholstery. 4-Piece A walnut veneer and gum combination suite of four pieces—very attractive 3-Piece Bed=Davenp0r Suite A large and well constructed that is easily converted into a / % SAAS S SRR R A A A S RS S R RN SR A SN RN than deposits have decreased $12,000,000. To_ just what CAPITAL INCREASED. - crease may be due is rather Richmond Banks, However, Sl'mw‘"N rmine, but is 2 | lack of work for a gre: $12,000,000 Deposits Drop. | recent severe Winter is Special Dispateh to The Star. | Principal causes. - In the last month v 2 b there has been a great improvement c‘lzfl[l“‘:‘i'::fl:“)-m April 28— Banking | in general business. but in the line Eoil b B B s of building the increase is most noted ing to a report made of the last bank | statement. This was due to increa by several of the banks follow merging of four of the large: tutions in the city. For the same period it more thi are a feature of prominent women's re the sport h: among womer rs. « | Billiard tables ng the | many of the insti- | clubs in London, | grown very popular shown that ' during the last few y A s N E. Corner 7th and H Sts. N.W. i FREE With Purchase $7 A Columbia Electric Iron, complete with cord and plug. Fully guar- anteed. A 42-piece Decorated 5100 Dinner Set—complete service for six persons. Service and a Low Price Are This $95 Suite Sale . 22 NN AT TATIIITIIATHLA S AL EERRNARA RSN SN SN [T ' il A | %95 \\ For Choice of 3-Room Suites It would be hard to equal this combination of value, beauty and service outside of “The National”—make the most of the oppor- tunity now! Easy Credit Terms Are Yours! $5.00 Delivers Any Suite Pictured EAS SIS SN RS RSN RRIRNRC s\ f Chair in an excellent grade S A A N R e S A S AR R A AR AR AN The suite pictured con- sists of a Chifforette, Bow-end Bed, Dresser and Dressing Table. Walnut Bedroom Suite Two-tone decorated $5.00 Delivers This Suite in design ish. The f; s T A ; e frames are of golden oak- Bed-Davenport with wide and braced throughout. Upholstered good grade of imitation leather. arms whenever neces- - % 92 $5.00 Delivers This Suite 4.Passenger Hardwood Lawn Swing “New Process” ~ 0il Cook Stove Two-Burner Style A splendid cooker—fully guaranteed $17.75 Top Extra N.W.