Evening Star Newspaper, May 10, 1926, Page 21

THE Monday Trading Slow as Usual in Center Market. TANS VE RAINY WEATHER BOON T0 FARMER ORGE T. HUG Diversification Essential. One other point deserves notice be- subject of restric A investments for the insistence among se the fove we tions put savings banks. upen leave the upon e That is diversification even which presumably are | | | 1 | k "G | | 1 [ Prices Unchanged. the provision 1 electric light and 1s bonds in the proposed his was 15 per cent of the bank should b s and elec invested an in the » company.. It it is ne ik, restricted the very h diversification, s neces for an who allows 1 his choice of securi the risk over a wide ndustrially and rvations in the it indi o practice rsiffcation su¢ dive Prices Today. s the secret of the tish inves > organi the United the En orpora is | himself | Fruit and Vez ind MARYLAND TOBACCO. h to The Star. Receipts of last week heads com- heads, with n the State ations today o per 100 rosted. firm and common, ); good 5.00 faney, common to cconds, good or countr round leaves BALTIMORE EXPORTS. a1 D a B a The obikie £ inge of important week shows A1 compared with th Grain reache inst 5 1 in renort features 8,480 pound t tons s of pig iron. of the expor of copper, 500 of steel r . - . NEW YORK PRODUCE. Speeial Dispatch to The Sta: NEW YOR May 10.—Florida cu- cumbers were in abundant receipt at the wholesale ct today. The best fancy grade jobbed out within the »f 1.50 to 4.00, and choice Lighter resulted in berries. North and Missionaries quart. The demand for barreled apples was Jess active. Grade A 23:-inch Bald- wins wholesaled at 1.75 to 5, mainly ERTE Y active trading ce for straw- Carolina Klondykes old at 20 to 25 per have not have in many the most gani n they epresent One o American has been said are n this country, not more than ts into securities industry and cent into any zovernmental than 1%, per ity other tha -annot he vepeated too often that no such thing as absolute any investment. United ver ent bonds may be an but it would be difficult to The best insurance B’ unds over a and bonds and 1t only the e selected 'EQUAL $12.69 A SHARE { Decrease Due to Increase of Stock anding in Hands of Public. Associated Press YORK, May 10, tral Railroad’s net totaled $48. New income equivalent 1o : the income was tequivalent to % on the 36,835 capi Gecrease 1825 compared with both 1923,” said the repori, “is due o the increase in the stock iding in the hands of the pub. | operating revenues for 4. an iner e precedin expenses were $290 revenue an increase of $779.341 1 capitalization at the end uf s $1,084,156.502 40,660 stockhs { CHICAGO LIVE STOCK MARKET CHICAGO, May 10 (United States { Department of Agriculture).—Hog: eipts, 37.000 head: slow, 15 to 5 higher: big packers in- bulk 240 tc pound butchers, 13.10a13.60: majority 200 to 225 pound { weight, 13.63a13.90; good and choice 180 pounds down I ¢ 14.00a14.30; { bulk packin; 5a12.45; sorted Nling pigs, top on 160 to {170 pounds, 14.40: heavyweight hogs, 13.00213.60; medium, 13.35a14.00; light, 00a14.40; light 13.10414.40; ng sows, slaughter a14.40. Cattle—-Recelpts, 21,000 head: bette wies of fed s ful choice Kinds relatively s of value to sell below 9.00 slow to wealk: medium g liheral supply: heavies a 75a10.00; in load lots, 60; kinds steady 9.50, market en Sheep—Receipts, 17,000 head; fat uneven: Spring lambs mostl lower: 10 cars of medium Cali- s with 40 per cent gort, 15.75: with 350 out, 16.00; 6 cars with out, 16.50: demand for desirable weight clipped lambs broad: few to outsiders upward to 1 ackers doing little early; few fat ged sheep weak to a shade lower; sle clipped ewes, 8.50a9.00 in | 90 RUBBER UNCHANGED. Special Dispatch to The Star. | JW YORK, May 10.—Crude rub- ber, smoked ribbed sheets started the week unchanged at the noon quota- tion of 50 cents. This compares with | G014 cents a month ago and 5514 cents | a year ago. BANK CLEARINGS. NEW YORK New York bank clearings, New York hank balance < Jederal Reser ©€00,000; Boston | $63.000,000. credits, bank % clearings, bank COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY 3 . Calif., May 10.— Growers of 50 per cent of the world’ clingstone peach crop have formed the Canning Peach Growers' Marketing Association and set $50 a ton as the minimum price. HOUSTON.—Houston interests have closed a deal for handling 300,000 bale of Oklahoma cotton this. season. A $5.000,000 plant will be erected by the Manchester Terminal and Compress Co. and the Houston Compress Co. will add a $300,000 extension. SACO, Me.—The York Manufactur- ing Co. has passed its semi-annuai di- vidend because of poor profits after steady payments since 1914. The con. cern is a large maker of ginghams and sheetings. CLAND.—The Gabriel Rub- had the largest business in its Jistory in the last month and net earnings are believed to have approxi- 'he Salina dis- 3 ting of 20 counties in Northwest Kansas, will require 10, 000 harvest hands this year to hand| the wheat crop. about June 18 AIR MAIL SERVICE HAS HIGH RECORD Northeast and Southwest te Be More Closely Knit loaned | | | { the United by New Line. BY J. C. ROYLE Special Dispateh to The Star. NEW YORK, May 10 —The castern and Southwestern secti ites will be more ¢ her than ever before 4 inauguration of the new g co to Fort Worth and Dallas Wednesday. This will mean unguestionably an improvement in business ations extending to all sections the country and their products. A strip of t extending from York, Chicago, homa Cit rt Iy Knit te result of r muail_ser of itory 400 miles wide Boston through New Kar City, Okla: Worth and Dallas be served by this route and con { route between Detroit ction will be possible at many ints with other parts of the nation. On Saturday the night air mail serv- Will be extended from five to ven days a week. This will mean L 24hour mall service from the Southwest to New York. Other new mail routes will be opened in the near future. 97 Per Cent Efficiency. The completion operation of the ice between Detroit and Chicag demonstrated fully. the possibilitie d bility of an airplane frei; and ¢ ervice. Of the £63 trips undertaken on the route, 649 were completed sk ord of covered 165 air 1,791 hours. U pounds of expi transported in Government mails 21 scheduled trips were can celed hecause of weather conditions, the chief trouble being due to low visibility. There were 11 landings de due 1o motor trouble. Bad ather forced 8 landings. On the wd Cleveland s were canceled be- ther, and there were 11 forced landings, seven due to mo. tor trouble und four to weather con- ditions Several safety developments made as a result of these trips was a radio beacon, which claimed makes pilots almost dent of visibility conditions. Passenger transportation byairplane in this country has lagged far behind of express, mail and incers are active perfecting wdards of equipment and operation which will se the safety of such travel tees already have been named bandle the commercial tour which will start and last two weeks. laid covers 2269 s in Detroit, Chicago Pa Minneapolis. St. Louis, Kansus City, De Moines, Omaha, In dianapolls and Cineinn Standardization Is Problem. chief problem now occupying aviation engineers is standardization It is recognized that all aircraft as matter of protection to pilots and pa sengers should be so far as possible standard in construction and equip ment, with no deviation in contre strumer in¢ auxiliaries. Th Ford Airway is now standardizing the multimotored monoplane in its serv- ice. Standard sigr of the first year's ord Airways Serv 495 to the 10 scheduled tri cause of bad we; were One it s inde. to out miles have been tenta- tively worked out. It is proposed that all aircraft engaged in passenger traffic with a crew of more than one person shall be equipped with ra apparatus capable of suplying munication with airdromes them. Airdromes of first class must be radio equipped with blinker lights, course lizhts, warning lights and means of illuminating the field for night landings. PLANS BUS SERVICE. B. & 0. Contract With Pennsy in New York Expires Soon. Special Dispatch to The Star BALTIMORE, May 10.—Motor bus transportation from Jersey City to central Manhattan for passengers zoing to New York on the Baltimore and Ohio Railroad Is belng consid ered by Danfel Willkird, president of the company. Facilities for passage between the two points must be established by September 1, for on that date the vailroad discontinues use of the Pennsylvania Railroad in the me- tropolis, shortening its lnes to Jersey City. For six years the Ohio has utilized the Pennsylvania Station, but the contract between the two roads expires in September and will not be renewed. Bus connections at other points throushout the Baltimore and Ohlo system are likely to be charted, President Willard stated. Baltimore and FISHEB;‘S PRICE INDEX. NEW HAVEN, May 10 (Special).— Prices, 1512-10; purchasing power, 66 2-10; Crumps unavoidably omitted because of strike, Irving Fisher, Yale economist, reports. e SKELLY OIL INCOME. NEW YORK, May 10 (#).—Net in- of Skelly Oil for the first quar- r {IBY 10 $1,208,292, after st, depreciation and depletion, before Federal taxes, equal to a share, compared with $750,134 first quarter of 1925, or 90 cents inter but wirpiane | Aug- | The ten- | EVENING STAR. WASHINGTON, COTTON IS HIGHER INTRADING TODAY Bad Weather and Better British News Combine to Lift Price. YORK, es opened st 10.—~Cotton July, 18.56; OC tober, 17.57; December, 17.50; Janu- ary, 17.47; March, 17.59. Unsatisfac- tory weather report from the South west, with rather more encouraging cable advices, were reflected in ad vances in the cotton market early today. Liverpool made a ve! showing, the luhor news seemed i little more favorable, and there were reports of further rains at some points in Tex he market opened steady at an ad vance of 5 points to a decline of 1 point, and sold about 7 to 14 points net higher in early trading, May selling around 19.05, and Decom ber 17.64 at the end of the first hour. A good deal of covering by shorts was readily supplied at a premium of about 45 points over July. There also was some buying of December con- tracts here against sales in the New ricet. Private cables reported continental buying in Liverpool. New Orleans Quotations. NEW ORLEANS, May 10 () Cotton futures opened steady. M. 18.23; July, 6: October, 17.06; De cember, 17.15: Janu 17 bid Although Livery a the cotto | rregular. Iirst trades showed loss points on old crop months, ains of 3 to 6 points on new crop position: The n ket soon ral- lied on reports of Texas rains this morning, with July trading to 17.92 October to 17.24 and December to 17.32, or 14 to 23 points above Saturday's close. Toward the end of the first hour prices eased off 6 1o 11 points on vealizing and some s ing selling. The market was dominated by th weather. B WOOL UNCHANGED. ial Dispateh to The Star BOSTON, May 10.—~The wool ma ket began th week without pr nge and with trade still awaiting tish developments. Goods trade advices sound more hopeful but manu | facturers are owing a_ dispos! tion to anticipute raw material re quirements. There is some inquiry for fine wools, but choice Australian | wools are not available under §1 clean in bond, and domestic French combing wool is held for $1.05 to $1.10 clean basis. fu Spe POTATO MARKET STRONG. CHICAGO, May 10 (). —Potatoes — 2eceipts, 85 cars. Total United States shipments Saturday. 084 cars; Sun { ne Canadian. On track, 249 trading slow, market strong Wisconsin sacked round whites fancy shade higher; inferio Minnesota sacked vound white: sacked russets mostly shade higher; badly sprounted, 3.00; new stock about | steady: Texas sacked Bliss Triuniphs 6.40a mostly 6.50; Florida, barrel, paulding Rose, 2, 8.5009.00. 1 PIPE LINE COMPLETED. | NEW YORK, May 10 (®.—Gulf Oil | Corporation has completed its 40-inch pipe line from near Pan-Handle, Tex., to the Producing and Refining Co., which can handle 20,000 barrels a day The line was put in operation Friday, taking oll from the jointly owned Dial . 6, the first well completed sin, sulf ‘and Pan-Handle joined their properties in that distirct. ON D. & H. BOARD. | NEW YORK. May 10 (P).—John W. Metler, president of the Interwoven Stocking Co. of East Milestone, N. 1., has been elected to the board of man- agers of the Delaware and Hudson Co., succeeding Percy R. Pyne, who resigned. Mr. Metler was a class. mate of L. F. Loree at Rutgers Col- lege. and long has been a close friend of the company's president. The an nual meeting will be held tomorrow. CHEVROLET SALES. NEW YORK, May 10 (#).—Retail sales of Chevrolet Motor Co. broke all records in the week ended April 17, the sixth consecutive week to sur ass previous high marks. A total of 16,457 cars and trucks was delivered. The high mark in 1925 was 10,731, 1019 17th St. N.W. $30 Month Apply Tony Seidl, Mgr. Hudson-Essex Service Holland Motor Co. | EEAEAATERTEREHRRARNREENRENRN S e S “Don't make a dessert “I will bring home some Velvet Kind 'lneCre-mhonight." Handy pint packages. No waiting—Easy to carry—Many flavors and combinations. A Product of Southern Dairies D. C..' MONDAY 10, ' 1926, INDIANA LIMESTOXE CSORD ISSUE OPENED TODAY Offering Price 99 and Accrued In- terest to Yield 6.10 Per Cent. Merger of 24 Properties. YORK, May 10, (Special). financing of the Indian Lime 0., constituting a consolidntion of 24 quarry properties with combined assets of $45,000,000, is made today with the offering of $15,000,000 of 15 r first mortgage 6 per cent sink fund gold bonds by a banking ate composed of the Bankers' | NEW YORK, May 1 Trust Co., Otls & Co., the ments of locomotives i Trust Co., Illinols Merchants’ Trust | 131, against 162 Co. | bringing _the total The offering price is 99 and crued interest to yleld 6.10 per cent. The bonds arve dated May 1, 1926 and are secured by a first mortgag on all fixed assets of the company, MAY ouarry lands Appr B for each of this Issue. PARIS, May quiet on the bourse t quiet on the Bourse time: Exchange on francs 50 centimes. loan, 65 franes 75 dollar was quoted centimes, NEW irst ce at LOCOMOTIVE SHI fo 404 in the same period filled orders at the end locomotives, agains! end of March. Regular Lines PARIS TRADING QUIET. 10 (P).— the month months of 1926 to 597, compured with | of Goods * dings 389, ond | PLANS TO ISSUE BONDS. i NEW YORK P May 10 moof Ar $1,000 ports consumpi Southern Pacific Wavts to Ploat Equipment Trust Certificates. | i1 e | amounted tn The Southern Pacific Co. mpplied to| 47380 1ons the Interstate Commerce Commiss od of today for authority to issue $5.654,000 | were 61,2 of 41, per cent equipment trust cer-| 3803 tons o tificates. The road will buy equipment | a year ago. to the value of $8,715,000. |.» imed m: The issue would be sold. to Kuhn,|quantity consumed in the Loeb & Co., at not less than 97 per ter of 1926 cent of par. Hquipment to be bought | qu inciudes 28 locomotives, 1,100 box |27 |cars, 500 gondola. cars, 350 stock cars, 300 flat cars, 64 caboose cars and 62 other cars, ading odny. Three today. Three London, 1 e per cent ntimes. The 32 franes 6 The win ing PMENTS. 0 (®).—ship n April were | before, | the four | DRY GOODS QUIET cial Dispateh to NEW YORK market the were Ma ontinued guiet ri L e BUTTER LOWER. Lk CHICAGO, May 10 4®@).- B lower; receipts tubs: creame: extras, standards. 38 ex the : fi 36n; or ook inchany for 687 er | s of 1 Un- | cf April were t T80 @ Woodward &Lothrop Down Stairs Store In addition to special purchases, it is our constant m to carry in the Down Stairs Store complete lines of regular goods in every section. prices must average as low, or lower than elsewhere. And the Afternoon Rayon Frocks Handmade—Embroidered Several Pastel and Crayon ’ $5.95 Warm days call for a number oi Frocks, such these Frocks embody every requisite of a Summer Frock are reireshingly cool—may be had with short or long -leeves fashionably cut—come in the newer colors attractively. nts Special Values and are Short-sleeved Frocks in orchid, blue, peach, maize, white, nile and rose-pink. Sizes 16, 18 and 36 to 44 na to 4. Long-sleeved Frocks in da; gly youthful stripes, beaut n attractive tailored styles } Vee or round necks. Sizes 16 3 timely Summer Natural Pongee, special, 78¢c Cool, 12-momie, natural-color Pongee, of the popular 33-inch width. This ma- and Special Silks, grouped at $1.65 whi The All-silk Flat Crepes and Satin-back Crepes. in lovely pastel tints and soiter hues of brown, blue, tan, black and Printed Crepe de Chine, special, $1.65 400 yards of this wanted silk. specially priced for Tuesday. In the newest de- sign terial is favorably known for its washing purchase accordingly. binations. DOWN STAIRS STORE Purchase for the warm days to come DOWN STAIRS STORF Silk Specials Radium Costume Slips Special values $2.95 Rutfled hottoms on t slips make them most able and desirable to wear new Summer frocks In the High Shades Popular for Summer wearing qualities. Very special te. In the popular 39-inch width price is very special—so you should s and particularly striking color com- Small figured effects Sizes Also tub silk, 1 and pongee Slips at low price. DOWN STAIRS STORE Women’s and Misses’ New Pumps In Parchment, Blonde and Gray Kid, Patent l.eather, Satin Below usual W holesale price Maker's close-outs and samples at a decidedly lower price than usual. Your first glance will prove that these shoes were intended to sell at a much higher figure. Sizes 3 to 7 in lot. Femi-Wear Semi-Made Wash Dresses Already cut and ready for you to finish Choose a smartly tailored model or a frilly lace- trimmed frock—everything is planned for you. The dress is cut out, some trimmings are al- ready applied, the hemstitching, picoting and ruffling are done on some styles. Each envelope contains colored chart and complete instructions. The most inexperienced needlewoman will find it casy to make these charming dresses, planned to save time, effort and expense. A Femi-Wear-package and a few hours’ work and you have a distinctive new frock for only 51.28 bt . 2 Bl DOWN STAIRS STORE Glass Vase Lamps With shade $1.95 A 14-inch attractive Vase Lamy with shade—a very attractive One-strap, Opera and value offered for Tuesday. Step-in madels, with low, Cuban and spike heels. Tailored, applique and in- lay trimmed styles. Shade lined with rayon, in contrasting colors and bound with gold braid, top and bottom, with centered medallion. Base in Dbeautiful Summer—gold, blue and re DOWN STAIRS STORE Down Stairs Store colors for Summer RUGS Japanese Rice Straw Rugs, specially priced 9x12 sovans i N0 A special purchase beautifully stenciled, ITmported Rice-straw Rugs, heavy double cotton warp and reversible. Cool and attrac- tive for Summer. Shades of blue, green, rose and brown. All-fiber Rugs in the popular basket weave 27x54....82.75 36x63....$3.25 8.3x10.6. ..915 One of the best grades of Tiber Rugs. Reversible, stenciled on one side, giving the effect of t rugs when reversed. Lays smooth, easily cleaned and sanitary. DOWN STAIRS STORE 21 RUBBER CONSUMPTION. erial was reflected in anar re