Evening Star Newspaper, May 3, 1926, Page 26

CRAIVFED STOEK RAISNG SPREADS Better Quality but Higher Prices Are Foreseen in New Trend. BY J. C. ROYLE Special Dispateh to The Star. NEW YORK, May 3.—Announce- ment by the Matador Lund & Cat e Co. today on a change in its policy of fitting stock for market gives plain indication of « trend of food produc- tion that may affect both quality and price of products for the American dining table. This change marks the of the ranges. tador Land & nches in Tex razil, has shi Cld steers lands of the United : they were finished and s fat 4. > and 6 year custom has been follow western stock Erowe days of Buffalo Bill Bridger, and made the Chisholm trail renowned in song an This year. how Matador dleson since the ) Hlud Kans., sold Pomona, $125,000 and Wa others ximately in Butler unsee more to means _ that cattle will come market, that more grain than at present will be 2old growers in the formn of meat, and that the qual- ity of meat arketed will be higher and the cost at times may be higher. This last condition will not prevail at all times, however, as is shown by the condition of the pork pro- ducts market at the moment. "armers now are marketing hogs that have been fed liberaliy on corn. 4s a result, the cuts of heavier ~veight_are more pléntiful than light cuts. The heavier cuts naturally are wholesaling at lower levels than tha light. This condition offers a chance for substantial savings by discrim- inating_ buyers, but there are fewer of food pro t any other line. bacon there is a between light and heavy ney bacon, averaging 8 to 12 pounds in weight, ling 10 to 15 per cent be- b to polic grain-finishe ve on some fancy grades as much as 35 per cent by wise buy- g. The huge catches of fish off the At lantic coast and in the Lastern estu- arfes are reducing the prices of that article of foo o far as the fresh product is concerned, in this section. More than half a million pounds of mackerel is expected to arrive here before next Saturday and astonishing catches are being made as far south as Virginia. The Gloucester mackere! fleet is bringing he: rgoes into Boston and various coast points are rushing fish to large market centers in automobile trucks. Salmon The run of rivers also is band, the salmon in some of the Pa cific Northwest streams are so scarce as to command splendid prices for the f) fish, and these quotations seem likely to he reflected in the cost to consumers of the canned article, which has come to be one of the staple foods of the world The shipment fresh vegetables and fruits from the South and Cali- fornia to Northern and Eastern mc kets is now in full swing and is hav- ing an effect o potatc situation. Prices for tube e still very high, owing to the short supply, but con- sumers are (tr o other vegeta- bles as substitutes in increasing num. bers. Pre-cool plants are being set up in a number of central Califor- nia points to r e possible delivery of fresh figs to distant markets in ®ood condition are planning a big drive to popularize the use ot tresh figs this vear. > Are Scarce. in the Eastern — e The number of woma nlawyers and Judges has trebled during the past 1¢ years. and | oads of | 1 will | On the other | OPTIMISTIC VIEWS Officers of Association See Nothing Unfavorable in Trade Outlook. PINEHURS' 3 ¢Spe- cial). isactory justment of business without a depression, with money and credit conditions favora- ble, is the concensus of views ex- pressed by officers and other mem- bers of the American Bankers' Asso- ciation gathering here for the annual Spring meeting of the organization's executive council. Collapse of the stock market boom s depressed entiment, but is not believed to fore- st a general reaction in industry and trade. The views of the bankers who come from all parts of the country follows: Wells, president Fi Na- nk, Birmingham, president ion: “Since the begin- i vear some adverse symp- | toms have put in an appearance. The | stock market is the most spectacular and perhaps the most significant, | whether viewed as a cause or an effect. Either from the conditions of the stock market or for the same | reasons which produced the slump |in stocks, the activity in real estate in several sections, and especially in Florida, has suffered a decline. Gen- eral business seems not to have been more than slightly disturbed as vet, though commodity prices have con- tinued on a downward trend. The feeling of the banker is that industry cannot be sustained in the fulness of its present production if the ele- ments upon which consumption de- pends get out of line. Many believe that the slowing down of the specu- lative tendencies will have a good effect upon business, and if crop prospects continue fair there is noth ing of an unfavorable nature in an analysis of the conditions of today Melvin Traylor’s Opinion. Melvin A. Traylor, president National Bank, Chicago, first vice president of the tion, says “The total volume of business in the Chicago district for the first quarter of 1926 was certainly in excess of the volume for the first quarter of I In recent weeks there has been, hc ever, some complaint of hesitancy and decidedly more pronounced show of strength by the buyers: that is, it is considered decidedly a buyers’ market. Producers in such cases naturally complain of competition and reduced ins of profit. The public, as a . is suparently not particularly | disturbed by twe debacle of the stock ] preferning to accept the an evidence of reaction from aded condition. The agricul tural situation, which been none too good for several vears, did not show the improvement after last ear’s harvest thaf had been hoj for, and the feeling is general in Chi cago that crop prospects will, to a { very large extent. dominate business | activity during the last half of the | year. TR National May First Hamiiton Tenn., Preston, president Bank. Chattanooga, second vice president of the associi tion, say: Business conditions as 1 see them are fundames There are ample credit able at low rates for every legitimate enterprise. It is true the decline of stocks has been rather severe for the past few months, and there has also been a marked reduction in real te activity in Florida and other points. It is fortunate that these things occurred before they got be- yond control, as it was conceded by every one that stocks were too high and Florida real estate was reaching the danger point for that Stute. These declines will in the end be heipful. Business, in my judgment, is a little bove normal. the volume_is large, lubor is well employed and profits in 1l lines are reasonable. While s may not be quite as active as . it is more active now s quary and February r and in our section ahead it was at the same period vice president Guaranty Trust Co., New York., and Money Saving Round Trip from Washington ‘872 982 Denver, Colorado Springs, Pueblo. Rocky Mountain Na- ‘fionaI’(E-tu) Park. == stone Nationel Park). $ 1 0 330 West Yellowstone ‘(;".:.;. motor trip in the park, at hotels $54.00: at camps $45.00. Side trip Den- Rocky Mountain ver to $ 1 0 SgagcdarCity, ’lvltah(.!mlnm National Park, $10.50. ltah-Arizona National Parks). Complete S-dey motor-bus tour includes North Rim Grand Canyon. Shorter 3 or Colorade Mountain Play. Yo Cedar grounds California Yellowstone National Park Pacific North- weet and Alaska Utah-Idaho Outings River. Side 4-day tours to Zion National Park, Bryce Can- $] 34z uem Mo oae 200 miles along scenic Columbia trips to Zion, Yellowstone and Rocky Mountain National Parks at small additional expense¢. $134z 5 e t Lake City. Side trips toZion, Yellowstone and Rocky Mountain National Parks at small additional expense. il ir of the West. ) [P b bl it s steamer to San Francisco, return- ing via Los Angeles, Salt Lake City and Denver. Route may be reversed. fares include Colorado 8 to Pacific Northwest 18 to -lthvutmch.‘:. California on sale daily, june 1 to Sep- HELD BY BANKERS THE EVENING STAR, WASHINGTON, D. C, MONDAY, MAY 3, 1926. 14 . | president of the association's trust | company division, says: “The effect 1 5f the stock market decline has nat- urally been to unsetle opinion re- specting the future. It is heightened by weakness in prices of commodities. The question raised is whether the market s forecasting business condi- tions and indicates a need for added caution. On the whole, it may be said that recent business developments have been fairly reassuring. Those who predict a decline in business luter in the year base their contentions on the belief that production cannot be maintained at present high levels; that building activity must decline; that foreign trade factors are unfa- vorable; that real estate speculation and installment buying have resulted in some degree of inflation, and that the psychology of a depressed ‘stock market will affect general business. “Most of the indices of basiness activity and prospects, however, are avorable and developments generally are satisfactory. It is especially sig- nificant that, in spite of the rapid de- cline in security values, there has been no marked increase in failures or other outward signs of flnancial distress. On the whole, it seems like- ly that readjustment will continue un- i1 stability is reached without devel: oping serious business depression.” T Royal wills are never made public in Britain. NEW YORK PRODUCE. Special Dispatch to The Star. NEW YORK, May 3.—Heavier receipts of strawberries weakened the market today. North Carolina Klon- dikes wholesaled from, 30 to 35, occa- sionally 40 per quart, and Missionaries, 25 to 35. Barreled apples were in fairly liberal supply. A large volume of the sales for grade A 23-inch Baldwins were made at 3.00 to 3.75. Despite the more plentiful supply of new crop potatoes from Florida active trading held the market steady. No. 1 Spaulding Rose sold at 10.50 to 11.00 per double-headed barrel of ap- proximately 165 pounds. HEADS SOUTHERN TERRITORY NEW YORK, May 3 (#).—Elmore F. Higgins, vice president of the Bank of Commerce in New York, has resign ed that position and has been elected vice president in charge of the South- ern territory. He assumed his new duties May Mr. Higgins spent his early years in Montgomery, Ala., and has held positions with various bank- ing institutions in the South. STOCK TRANSFER TAXES. NEW YORK, May 3 (#).—New York State stock transfer tax g in April were $1,017,993, $1.761,040 the month’ before. Sunnysuds Washers available under this remarkable offer are going fast. If you want yours— for a down payment of only #3.50 and the balance on easy terms—you must act now. A telephone call will bring a Sunny- suds to your home today for a free demonstration and trial if you desire. If you are satisfied after seeing the Sunnysuds in operation, this remarkably low first payment makes the machine yours. You cannot buy a better washing machine than Sunnysuds at any price,as the experience of thousands of owners has demonstrated through years of household use. Sunnysuds simplicity makes it both efficient and dependable. There is no complicated mechanism to get out of order or to keep clean. Yet the highly improved oscillating principle, of which Sunnysuds is the leading example, gives you a washing any woman will be proud to hang on her line. BUYS G. M. A. C.STOCK. | 3W YORK, May 3 (P).—General| | N Motors Corporation bought 55,00 | additional shares of General Motors | Acceptance Corporation at $125 a share. ‘The transaction, involving $6,875,000, brings capital, surplus and undivided profits of General Motors| Acceptance Corporation to $28,750,000 e 2o Sas L0SS IS REPORTED. * NEW YORK, May 3 (#).—Consoli dated Textile Corporation reports net loss of $21968 for the first quarter after intérest, depreciation and re- serves, in contrast to net profit of | 36,458 In the first quarter of 1925. Don’t Delay—Phone Your Order Now If you wait, our supply of wash- ers available on these terms may be gone. Give us your name and address before this offer is withdrawn. Call at the convenience. POTOMAC ELECTRIC APPLIANCE CO. MAIN TEN THOUSAND 14th and C Sts. N.W. 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