Evening Star Newspaper, May 18, 1926, Page 31

FI PRIGES OF POULTRY | DUE FOR DECLINE Decreases Expect_ed by Cen- ter Market Dealers at This Time of Year. Poultry prices all along the line are due for a drop, was the state. ment of a local dealer this morning Decreases alwa are expected at *ihis season, it is stated, and a number already have been announced. Spring chickens, always in demand, will be in greater demand as soon as the Summer holiday season opens, May 30, the fi holiday of the se son, will mean increased demands for poultry, being a time when many persons having shacks and bungalows in wooded and river sections will naugurate the 1926 season. Decoration day falls on Sunday this vear. Monday will be designated as he holiday, however, giving Govern- ment_employes and others the benefit of a full two d: and Saturday after noon outing. There will practically be no market on Monday. Prices of live turkey dropped to 25 ents today, a low mark, while dress. ed stock was quoted at 30, while the price of voung ducks dropped from 30 1o 25 cents, old ducks selling at 15 cents, Market Prices Today. Fancy, 1-lb. store pack esh, irrent receipts, — Turkeys, Spring s . Plymouth Rock broil- ors, 11, to 2 Ibs : smaller, 40a4| White Leghorns. 40: Winter chicken: and over, 38 <, 33: roos! duc! young, old, young, $0a80; old, 30. broilers, young, 90a1.00; Butter prints, 46a47; Live stock—Calves, choice, 12; me dium, 10a thin, 7a8: hogs, hea «and mediun 1313 light, choice, 1 jambs, 16. Meat 16al17: lamb, 29a3; veal, 20a23; dressed pork, heavy. 1 pork loins, 34a35; Western, 30a32; hams, 30a32; shoulder: 223 Fruit and Vegetable Review. pday’s market report on fruits and vegetables, furnished by the Market News Nervice, Bureau of Agricultural Economie s uppiles reported: boxes market steady: Washin Beef, lizht: barrels, no demand light, on, medium extra Winesaps Newtowns. 2.7523.00. gus—Supplies lberal: demand market stead; Maryland, hore, and Delaw tes, large sizey Il and medium s bunched; few moderate Eustern bunch « $.50; sn er ‘dozen igh Cantaloupes—Supplies moderate: de- mand light, market fairly steady; Cali fornix Imperial Valley standards, 45s, crates g iumbo. 5 S4s. mostly 50 flats, 125 and 135, mostly 2.50: Mexico, ordinary qual- ity and condition. jumbo, 36s and 45s, salmon tints, 4.00: ponys, 458 and 54s, salmon tints, 3.00. Cabbage—Supplies liberal: demand moderate. market steady; South Caro- iina. hampers. pointed type. 1. . mostly around 1.40. Lettuce—Supplies moderate; de- mand moderate. market steady: Cali- fornia. Northern District, 4-5 dozen, 5.00a5.50, fair quality and condition Jow as 4.50; North Carolina, 5-peck hampers, big Boston type, ordinary quality, 1.00a2.00, few best, 2.50a2.75. s—Supplies moderate; demand market steady; Texas, standard crates, yellow Bermudas, U. 8. No. 1, 2.50a2.65; some fair quality, California, Bermudas standard crates yel- low U. 8. No. 1, mostly Potato Market Dull. Potatoes—Supplies liberal; demand moder market dull; Michigun, 150- U. S No. 1. 6.0046.50. New moderate, demand mar} slightly stronger. | Florida, bushel cra paulding Rose, 11.00, few higher wherries—Supplies liberal; de- mand good, market firm - | & olina 32-qt. crates mideral dition, Virginia, gection, 60.qt. crates, various varieties, Z 212. best mostly 30c per quart. Toms Supplies moderate; de- mand moderate, Flor ida. sixes wrapped, hest fancy o L few, 8000 choice ¢ noor ta count and | Texas, fours. | linary quality hest mostly con condition, fancy nt, low as 4.00. pink, wrapped, some o and eondition, 2.00a2.65, 50 String heans—Supplies demand moderate, market slightly weuker: Florida, 7a-bushel hampers, green, 2.50a5.00; mostly around 4.00. South Carolina, bushel hampers, green, 5.50a6.00, few higher. SR e BANK CLEARINGS. NEW YORK, May 18.—New hank cleavings, $1.098,000,000; York bank balances, $108,000,000; New York Federal Rescrve Bank credits, $93,000,000. < C Ei o = « BUTTER HIGHER. CHICAGO, May 18 (#).—Butter— Highe 5. 15,826 tubs; cream- ery ext y: standards, tra firsts, 39a39%,; firsts, onds, 34136 moderate; York New WILL CLOSE SATURDAYS, NEW YORK, May 18 (#).—Members of the New York Cocoa and Rubber Exchange have voted to close the ex- change next Saturday and on every Saturday during the Summer, resum- ing on Saturday. September 4. KEROSENE ADVANCED. NEW YORK. May 18 (#).—Sinclair Refining Co. b: dvanced kerosene in railroad tank cars 1 cent a gallon to 111, cents at New York, Philadel- phia and Atlantic coast terminals. NATIONAL ELECTRIC POWER, NEW YORK 18 (#).—Gross earnings_of 81 906 are reported by the National Llectric Power Co. for the vear ended March 31. Net earnings, after operating expenses, taxes and depreclation. were $5,983.% 161. There « balance of $2,193,240 available for interest and dividends on National Electric Power Co. securities after fixed charges of subsidiary com- panies. GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Ger Gt (w In) Bs 1014-18. nn‘fl'.drin 25006 Hamburg 4%s 1019...... 145:00 155.00 ol Qugted i doflars ber ousand marie er Gen s pre.war o3 Sor den Bleo 1270 (198 M Tetlin 48 pre-war : Prussian Consols Krupp 5s 1921 Dusseidorf 4 Prankfort a Munich 4s pre- . RBadische Anilin A E G (Ger Ge Elec)..... Commerz and Privat Bank. Disconto Gellschaft. cenn Dresdner Bank. Deuteche Bank. . Darmstaedter Ban! Mercur ink Vienn: He: emical. . ... . Aust £ G (Gen Elec) Beslinen Handels. . .. 323533335 23353%; Sales American Tel. & Telga, 4s... Amer: o1& melea, Wiae, Amer: Tel. & Tel. ctl. Ankcostia & Pot. R, Ana; Georgetown Potomac Elec. American Tel. & Telgn.. dapiial e ahin ortoll & w tomac Potomae Elec. int. Wash, Rwy. Wash: National Capit! 4 COMMDIA . v coe e oene e Commercial Farme Federal-American Hincoin coln National Metropoiitan. Rigxs Second Nat. Banl Li Wi National solambi g,".:t"i:.‘.u Ti D Padeiar Sorage pid. Merchante Trane. & i‘m»y.“lrp Lan S Storare. Fashington Market. ANCIAL. THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. . NEW YORK, May 18.—Whatever improvement took place in the Curb Market -prices today was confined to the oil group, while other parts of the list were under more or less pressure or neglected entirely. It was natural to expect any re newed buying to make itself felt in the olls, in view of the favorable data relating to the outlook for the future and the improved statistical position of the industry. The outstanding feature .of the group was Red Bank Oil. After hav- ing risen 5 points Monday the price was carried 3 points higher to & new top for the vear today when it changed hands at 38. The demand ap- peared to be based on expectations of increased earnings resulting from the recent openings of a new pool in Throckmorton County, where Red Bank owns 800 acres and already has one well completed. The Humble and NEW_ YORK. May 18. is an official list of bonds ded in on the New Market today. Sales in thousands. Following nd stocks rk Curb BONDS. Close. (L DY 107 10014 aRal 98 T TrEN T PR L m Hard AG&WIS At Fruit 8. . B&ORR B 2 Beaverboard_8s G Bell T Can 55 A 4 Beth 8t e .1 Boston & Me Brun T & - N find b t Serv P&T 6% ns Tex 8 > Crown Wil Pap s 083 §Cuban Tel 7las.. 11073 1 Cudahy 5: 28 4 Cudahy 3 Detroit Cit Duie P P 8s El Refrig fs Fisk Tires Fla P & L Gal Sig’ Pei General Pet 2 Goodvear T&R 1 Grand Trunk 8158 100 Ind Ol & G 64 Kex TCP 5 8! 1 1 1 1 2 1 503 82 3 Loews Tne i3 Manitob P 19 5 53533853 SeSZeC3 Penn P 1Phila E SPMIE P S 4 Phila Rap Tr 10 Rand K Bur 51 Servel el tin Sihulte B Est 10 Sihuite R E_6X i Shawsheen 7a. se Shell @ =3 SSRSERE5ER Sou Gas 615 48 Southeast P&L n s BRRITIR_*O: SEEEIET 1 Webst Mill Sales in thousande. & Antioqua _7e 20 Antioqua 7s B Buenos A SR ARG 2 Buenos A R Berl € 2 Caldas 7 Cologne Glpa Danish_Con Gen El G Great Con Hamburg ind M B Fr an P U 78 7 Ke Denmark -5l 1 Krupp Fried L 7 Leipzig 78, I Leonhard T 714 26 Munic Medellin 8s 10013 4 Netherland 6 B.. 108 2 Oslo 2514 @ Prov ¢ 2375 5 Prov Ly 0K 41 Rhine ) 97 13 Rhun g lim'""é" 35 Vay Co vl Gov By Thyssen I & * Westpha U E 6ls 85 STANDARD OIL 188U i wnite. 900 Anglo-Am Oil.. 18% 200 Ang-Am O non vte 18 500 At Lobos ..... 1% 10 Borne Scrymser 700 Continent Oil_nw 50 Cumberland P L 116 PL ... 80 ol 20 800 Humble 0 & 0M P L B Ut 600 Imp O of Can nw 8 -3 ELET Washington Stock Exchange SAL Washington Gas 8 ‘33-—$400 at 1 WAt Ean 3428700 at 100 Droivit National Bank——1 8t 216, Rigee National Bank—6 at 43 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Bid aR 1y 1001 tr Be 5 ‘& Pot. guar. bs & P. Telephone 58 Tel. of Va. Bu. . apital Traction K R Ba..l "ty & Suburban 55 oo Gas 1st Bs 1at Bs. Elec. cone. 58 Eiec. Ga 1053 L gl & rid. Ts. Aoyt Yorn. 5a Alex. & Mt V. ctf... . Balto, & Annap. 5s. . ashington Gas Bs &P Washington Wagh. Rwy. Wash, Rwy. C. Paper Co. Mfg. 6s Por aoint Stock T BK. 5 Southern llk?.‘dl’filg Boiace STOCKS. PUBLIC UTILITY. on. . SRFINEDS oy & s e @33 & Elee. co wy. & Elec. ptd. NATIONAL BAN! Pty S+ fet ... .. mers & Mo 1219¢31300005010 B 3353 12100 4553 €338 i of Washing! . TRUST COMPANY. American Security & Trust Hiinenial Trust. orchants atioua Savings & i ion Trus aeh. Loan & Trul SAVINGS BANK. Commerce & Saving: East_Washington ty' Savi Sur Street: Union. B TITLE INSURANCE. Title. 2 ie & Ins. Co. of MISCELLANEOUS. r pfd.. . 7 t . Paj chants' Trane. & :?fer'alqnflerh Linotvpe " Mige. & Invest. 2o ax Stores nid.. Direct te The Star Office Reiter Foster are other companies op- erating in this section. The rise in other oll shares was l;(m« fined to fractions, with Prairle Plpe Line up half point and Mexican Pa- nuco, Venezuelan and Illinois Pipe Line prominent. A ’ Baking stocks were under mos pressure, with Continental Baking class A off 4 points at one time, to 68, where it compared with the previous high for the year of 121%. Liquida- tion continued in these issues, despite assurances concerning the mainte; nance of the $8 dividend on the */ shares. Directors of the corporation meet for action on the dividend June 9, and according to the chairman of the board the subject has not et been discussed. . ¥ Renewal of actlvity in Golden Cer- ter Mines was based on reports that earnings would be increased throuxh the recent acquisition of new proper ties in the Nome Territory, in Alaska. 100 Ind P L 1300 Inter Pet ‘¢ 50N Y Transit 200 Ohio_Oil : 100 Prairie O& 10 Solar Refin 1 40 South Penn Ofl . 1 100 South Penn Oil n 36008 0 Ind ...... 1008 O Ky. i 1008 O Neb n'wi 008 0 N Y. 5008 O N Y 1108 0 Ohio i 1100 Vacuunt 01l a6 Sales INDEPENDENT OIL STOCKS. n hdrds. 10°Allen Ol G 4Am Con Olfds 4 Am Maracaibo © Beacon new 082, 05 T 61 147 80 12% 401 34 9 1% R 3 Nt Serv mew ! t Serv pfd. . . 21 Columbia_ Synd 1 Cons Royalties n reole 5 n Cent Pete il Ca.. il Cor. B Gult 0l of Pa’ 11 Leonard Oil 1 Tion Ol 15 Margay Ol 0 Mex Oil 53 Mex Panuc & Mount _Pro v Bradford ‘0 o 0ho Fuel 14 Beer LonL Cory. - ed Bank Oil . t«?.m 611 1 Savoy Ol ... .0 1 Tide Water' O1l 1 Tide Wat Oil pf 126 Venezuelan Pet. AWile O & G nw 3 Woodley Pet nw 60V 01l 2 INDUSTRIALS Am L Am " A Fruit 3 Hlooming b rad Fireprig. ... 3 dirach 6 Brill Corp B 1 Bklyn Cits, RR 2 But Niag ‘& East an D Gin Ale n FE # Golline & Ak pf ? Eommons Pov " 4 Cons Gas Balt n 1 Cons Launaries ! =2 Cons Dairy Prod. aking A tingon Nehild., ond & Sh By 1 & & nw Co 05 Invest Inc 44 Jogineers Pub Ser ingt_Pub_Ser pf Bt ng Pub § PP pt 10 5 Estey Weite Co A 2 § Fageol Mot Co. . 1Fed Mot Truck. 40 1 F&W Gr 5.10-38¢ 57 % 1% Firestone T 78 pt 48 K Forhan Co ‘A 11 Foundation F A B Fox ‘Theaters A 1¥r H H Mig C. 2 Freed Eise R € 5 Freshman Chas.. 1 Garoa Corp 00 Gen Bak A il Gen Hak B 010 60 Gen El nw wi. i Gilletts S R 4 Glen Al n Happ € Stor i Hazeltine "Corp... 1 Horn & Hardari “Tobac. Linter Uil A 13 Johns-Manvii 1 Keyato Soleth: 5 Cheese ... bty Ho C A" on E 2 Pow n 12 i+ Len Val C efs % Len Val C Nales T Mia West Tl M W Tl ptd 104 Mid W U pr ien’ k Val n. AR Sta ¥ C vtd. n th T Pender 1> Groo . pein Wat P Co. Pnelp Dodge Cor 1L Pitth & Lake ¥ 14 Proct & Gamole SRuE s P a) an u i Rem Noise T C A 4 Rep Mot Tr vic. 2 Reo Motor Rickenback M 3 Silica Gel v i Singer Mfg 18erv EI Corp A 78nia Vise In 1t 1sou G & P A.. 3 14 Sou P& Lnw dSou Cal'E ... Sou Cal E nw 1Sou Ice & Ut 1, Sou W Csell pi Stand Pub C A 18t Tank Car Co 1Stutz Mot 10 switt Intl 1Swift & Co ) G 30 Forty Nine M 44 Golden Cent 230 Hawthorne M 1. 4 Hollinger ecia_Mine g ay Copver Co s e ST e X O SEETE @ vt 3 FaE R L 70 Spearh Gold 30 AReRTgRt '8 Tonopah Ex. ... . 3 onl Verwe £ ‘enden Ce . 30 Weat End’ Consol. MARKET. v D 20 52 R & isn 2 23 33 e e A NP S AU D P S O 1o B NEW YORK, May 18 (#).—Copper dull; electrolytic, spot and futures, 18%al4. TIn easy: spot and nearby, 61.26; futures, 58.26. Iron steady; prices unchanged. Lead easy; spot, 7.75. Zinc easler; East 8t. Louis, spot and futures, 6.85a6.90. Antimony, spot, 12.00. CALL MONEY STEADY. NEW YORK, May 18 (P).—Call money steady; high, 3%; low, 3% ruling rate, 3%; closing bid, 3 of- fered at 4; last loan, 3%; call loans against acceptances, $%; time loans steady; mixed collateral, 60-80 days, 4; 486 months, 4; prime mercantile paper, 4. TREASURY CERTIFICATES, (Quotations furnished by ond & Co.) 180310 wx.oo o= 00 3132 190%. 029 e st . 15, 1926... 1 1626 RANGE OF TRADING INCOTTON SMALL Business® IS Quiet—General Undertone Is Steady—Liv- erpool Price Lower. By the Associated Press JW YORK, tures opened stes tober, 17.42 ary, 17.41 market w vance of 18.—Cotton fu-| y: July. : December, March, 17.50. s steady today to 4 points, July up to 18.21 and December to 1 early trading on covering and a little fresh buying promoted by prospects | for showers in the Southwest. Weath- er conditions otherwise were consid- ered generally favorable, particularly with respect to the more seasonable and later fluctuations irregular. Business was comparatively quiet, however, and the tone fairly steady, the market ruling about net unchanged to 4 points higher at the end of the first hour The earlier cables from Liverpool were easier, but the market the - lied after the local opening. There may have been a little buying on reports of a better tone in the cotton goods market New Orleans Quotations. NEW ORLEANS, May 18 otton futures opened steady 17.90; July, 17.63; October, 17 cember, 17.08; Junuary (1927), 17.08 bid. The market was steady today, although Liverpool cables were lower than due. Iirst trades showed 1 point decline to 2 points above. The market was supported by s in the \West, and when the weather map was posted it confirmed these rains. Prices improved at the end of the first_hour, July trading at 1 tober at 17.10 and December at NEW HAVEN COUNSEL HITS " VALUATION BY I. C. C. Hughes, in Argument, Objects to Value Placed on Used Property of Road—Terminal Is Included. ) May De sel for the New York, New Wd Hartford Railroad in oral o arguments yesterday before the Inter-| state Commerce Commission objected to the commission’s valuation of $383,000,000 for used property of the roud Charles . Hughes, counsel for the New llaven, said the commission had no right to include the total value of the Gr: al Terminal. in New York City, in the valuation of th New York Central, as the New Haven had a perpetual lease from that road and the ew York and Harlem Railroad for use of the terminal up to 30 per cent of its capacity. Under the le Mr. Hughes said, the New Haven has an actual proper- ty as a joint owner in the terminal, and it should not be included in the New York Central valuation ent {as to the proportion its use hears to { the total value of the terminal, which he placed at §129.000,000 Charles W. Needham, solicitor of | the commission’s bureau of valuation characterized the New Haven's inter. est in the terminal as one of trackage rights and declared that it had been the practice of the commission to in- | clude such property in the valuation of the owning company and to make mention of the joint use in the report General Petroleum Stockholders Authorize Property Move. SAN FRANCISCO, May 18 (®) — A special stockholders’ meeting of the General Petroleum Co. here yes- ay authorized the transfer of the company’s properties. Commiencing today the business of eneral Petroleum will be carried on a new subsidiary of the Standard 0l of New York, known as the Ge eral Petroleum Co. of California, Delaware corporation, and will he under the same management of the old General Petroleum Co. UNPROFITABLE OPERATION. 15 (P)—Un- ons of Warner Sugat | Corp in the first quarter this year were attributed hy G. K. Morrow, | chairman, to the spread hetween raw and refined sugar prices in the period, making it impossible for refiners to show a profit. YOUNGSTOWN PROFITS. NEW YORK. May 18 (#).—FEarn- ings of Youngstown Sheet and Tube for the first four months of 1926 are estimated at about $5 a share on the common stack after charges and pre- ferred dividends. Farnings for the first quarter were $3.60 a share on the common. BALTIMORE PORT TRADE. BALTIMORE, May 18. — Imports through the port of Baltimore last week showed a decrease of $1,037,266 compared with the previous week, while exports increased $594,059, ac- cording to the weekly report of the collector of customs. Total imports for the week were $175.328, of which $1.048,155 was admitted free, while exports amounted to $2,394,584 and consisted principally of fertilizer crushed oyster shells, sulphate of am monia, tinplate, steel pipe, tobacco, copper, flour, bituminous coal, zinc dross, oil, wheat, oats, corn, auto parts, pipe fittings and wire rods. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CLEVELAND, May 18.—The Glid- den Co., large manufacturers of pants and vapnishes, reported today that sales for the last six months were $879,000 greater than for the corre- sponding period of last vear. PORTLAND.—Reports indicate that contracts for the hop erop of Oregon to date aggregate between 50,000 and 60,000 bales out of an estimated vield of 80,000. Spot sales have been made at 30 to 30% cents a pound, with 24 bid for contracts. FORT WORTH.—Ljive stock condi- tions in Texas are unusually good. The range condition is hovering around 97 per cent of normal, compared with 64 a year ago. Sheep and goats are in fine shape. JOHNSTOWN.—Orders for hox cars just received by the Cambria Steel Works, a subsidiary of the Bethlehem Steel Corporation, insure operation at the -Cambria shops for a long period. The orders include specifica- tions for 600 steel box cars for the Baltimore and Ohio and 100 steel gon- dolas for the Central of New Jersey. CHICAGO,—Export business in meats has continued fair despite troubled conditions in Europe. In the domestic market pork trade is on a steady hasis pt_in lar; cities, | where prices off somewhat. Beef prices are down a little. jshipments, new stock. D. ., TUESDAY, !French and Belgian| Francs Go to New Low for All Time By the Asscciated Press. NEW YORK, May 18.- -New low records for all time wera estab- lished by French and Belgian franes In the local foreign ex- change market today, the former dropping to 2.87% cents and the Belglan exchange sinking to 2.8415. A flight of capital’ from both countries, seeking investment safe- ty in the gold standard currencies of Great Britain and the United States, was reflected in the selling of the continental exchanges. ' BALTIMORE COUPON BOND ISSUE IS SOLD Municipal ~ Securities Totaling $18,822,000 to Go to Syndicate Headed by National City Co. Special Dispatch to The Star. BALTIMORE, May 18.—Municipal securities totaling $18,822,000 in par val wld yesterday by th finance commission to a syndicate d by the National City Company York for $15, 7,58 The seven issues of clty stocks and bonds sold bear interest at 4 per cent. They are made up of $7,319.000 of reg- istered stock and $11,503.000 of cou pon bonds. This is the fi time in the history of the city government that its secufities have been sold in the form of coupon honds. This form of security hax been adopied for all future issues, The group headed by tha National City-Co., made the highest bid, which for every hundred dollars securities. The syndicate is made up of the following concerns in ad dition to the National ity Co.. Red. mond & Co.. Kissell, Kinnleut & Co., E. H. Rollins & Son, Old Colony Corporation, Guardian Detroit Co., First National Co. of Detroit, N ern Trust Co. of Chicago, Robert rett & Sons, Union Trust Co., more Trust Co. and Owen Daly & Co. JAPAN BEST FAR EASTERN CUSTOMER OF AMERICA Malaya Leads in Import Trade for Section, Increasing Shipments 140 Per Cent to $146,197,000. Trade between the Uniied States and the Far East for the first quar- ter of K valued yesterday by the Commerce Department ut $631 000, an inerease of $157.503.000, or s cent over the same period xports were placed at $187,123.- A gain of $26,575,000, or 16 per while imports totaled $444,352, an increase of $130,908.000, or 000, cent, 100, | 41.8 per cent. Japan remained this country's hest customer, taking $65.515.100 of the exports, while the big jump in import values was ‘argely attributed to higher prices paid for crude rubber. Malaya led in the American import trade, increasing her shipments $55 67000, or 140 per cent, the total heing $146,197,000, compared with 60,530,000 HUBBARD NOMINATED. Young Man Named to Head New York Cotton Exchange. NEW YORK. May 18.—Samuel " Hubbard, jr., a member of the firm of Hubbard “Brothers, cotton brokers was nominated vesterday for pres dent of the New York Cotton kx- change, to succeed Richard T. Har) who has held that position for the past vear. John W. Jay wus nominated for vice president. to suc- ceed Mr. Hubbard. Unless unexpected opposition to the regular ticket develops at the election on June 7, Mr. Hubbard, who is 41 vears old, will become one of the voungest presidents of the Cetton Ex change. ~Upon_his graduation from Harvard in 1907, Mr. Hubbard entered the cotton business at the bottom as a clerk in a cotton house at Hele Ark. After several years of prenticeship, he came to New Yor jand entered the family firm. POTATO MARKET WEAK. CHICAGO, May 18 (®) ceipts, 93 cars; total Potato re- United States 100 cars: old, 380 cars: on track, 267 cars; trading slow, market weak: Wisconsin sacked round whites, 2.25a3.10, according to quality and condition: Minnesota sacked round white Idaho sacked russets, 3.00a3.25: shade higher; Texas and Louisiana sacked Bliss, Triumphs, 6 BALTIMORE IMPORTS. BALTIMORE. May 18.— Bulk im- received at Baitimore last week included the following tonnages: Ba- s, 78,697 bunches: cellulose, 4,465 nuts, 1,749 bags; coffee, 11.- s; orockery and ‘toys, 1,762 fertilizer, 1,195 bags; gasoline, 0,000 barrels; glass, 866 cases; iron 2 5 tons; manganese ore, 4,000 ; nitrate of soda, 26,311 bags: crude oil, 116,000 barrels; potash, 1,000 bags; pyrite’ ore, 7,785 tons; rags, 8,038 bales: sugar, 102,493 bags: wood pulp, 4,584 bales; paper, 1,026 reels, and pig iron, 850 tons. . INLAND WATERWAY. Special Dispatch to The Star, PHILADELPHIA, May 18. — Ad- vocates of the proposed inland water- way from New England to Florida declare the probable tonnage carried by such a route would aggregate 11,000,000 tons a year. Army engi- neers are now preparing a report on the advisability of the project. HOLD OPTIMISTIC VIEWS. Special Dispateh to The Sear. DETROIT, May 18.—Present busi ness conditions will prevail into the third quarter of the year, according to chairmen of several ‘industries represented on the Great Lakes ship- pers’ advisory beard. The forecast of car requirements indicates a con- tinuation of commodity movements at a high rate. U. S. Is Superseded As Money Lender To German Firms By the Associated Press. BERLIN, May 18.—America, which has long been about the only money- Jending market available to Germany, has heen superseded by Great Britain and Holland, says a report by the Dis- conto -Geselischaft, one of the large Berlin banks. ‘The report shows that Germany. since January 1 has raised loans ag- gregating 2,650,000,000 marks ($730,- 965,000), of which 1,980,000,000 marks were raised abroad and 670,000,000 at ‘home. MAY 18, 6. PLANT EFFICIENCY GOAL IN TEXTILES Manufacturers; Seek Way to Boost Profits Without Raising Prices. 192 BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 18.—The cotton textile manufacturers of the Nation today are seeking wider margins of profits, not through increased prices, but through lowered costs of produc: tion, sale and distribution. This became evident through the attitude of delegates gathered at At- lanta for the meeting of the American Cotton Manufacturers’ Association. In consequence it is most unlikely that shirts, dresses and other cotton wearing apparel worn by practically every American citizen will be higher in price this season. The New England cotton goods | manufacturers so far this year have | done better than in 1925, but the in dustry there is still in a state of un settlement. Only 14 of 36 cotton mills | in Fall River, for example, will be en a dividend basis for the second quarter. Approximately $368,77. will be disbursed to stockholders, but this compares with $395,775 for the corresponding period of last year. Southern Mills" Profit. The southern mills have done better in profits so far this year, but large scale production of cotton goods has huilt up unweildly stocks of goods and production in the South for the time being has been sharply curtailed. Mill_men frankly that the| price of raw cotton is not the factor | in the establishment of a safe profit | margin that it formerly was. The weather has a tremendous effect on cotton production and manufacturers | re not disposed to gamble on the weather any more than i necessar: Some manufacturere—and it is nota- | ble that they come from sections fur- thest from the raw material supply— were disposed to feel that the British strike, the aftermath of which still is affecting glish cotton mille, would affect raw cotton exports and make for lower prices for the staple. Others point out that England takes only one-third of the American ex- ports t, that British importers have not canceled any orders and | that the effects of the strike do not seem to be la Prospects are a big American cotton crop, but when all is said the size of the crop and the price of cot-! ton depend on the weither. Statisticians who have figures extending from 1880 to date assert there has never been a very rge crop which was not followed | hy a much smaller one. With the weather such an uncertainty, manu- facturers are turning to better mar- keting methods to strengthen their position. Hand-to-Mouth Buying. It is recognized that a habit of re., tailers of buying in small quantities for immediate shipment has come to| stay. Tt has been most difficult for| many textile manufacturers to adjust their minds and their plants to this system. They now recognize, however. | that they must seek new schemes| which will turn this buving trend to! their advantase instead of allowing it to cut their profits. 1t is the producer of fine goods who is in the worst position at present.| textila men say. Demand for the| coarser goods consumed in industry, can be counted on to remain fafrly stable for the next few months. Fine goods manufacturers, therefore, are Still feeling for products which will intrigue the buying appetite of the/ public. That is why rayon is the most prosperous of the textile materials. Production of the artificial silk still is} ¢xpanding and the output for the United States for the half year ending | June 30 is estimated at 30,000,000 pounds. Prices for third-quarter con- | {racts show no change. This stability | 1of prices has been an aid to the| makers of rayon and rayon-and-cotton | ! Clotha and many have registered ex- cellent profits WESTERY MARYLAND EARNINGS STILL GAIN' Speeral Dispatch to The Star. BALTIMORE, May 18 —Gross earn- | inge of the Western Maryland Rail- continue to show cains compared with a vear ago de- pite the falling off in cerfain ('Ii\sue!i of traffic, ‘or the first week of May receipts | {from coal tonnage totaled $188.762.20 a comparative gain of $41,328.94, or 28 I per cent. Total receipts were $404.- | 130.88, a,cain of $43,852.100, or 12 per cen! For rnings crease of $9 compared Wi riod in 1 nished $3 cent. Ntr‘n‘nl traffic showed a gain of $1,015,- 33025, or 35 per cent, while less than carloads traffic_totaled $3,285,216.03, a gain of $23,879.76, or 1 per cent. Other classes of traffic showed a decrease of $136,834. i O DAIRY PRODUCTS. ! BALTIMORE, May 18 (Special).— Live poultry—Spring chickens, pound, 40a45; Leghorns, 36a45; old hens, 34a 35; Leghorns, old roosters, ducks, 18a26; pigeons, pair, 40; Guine: fowls, each, 75a85; old, 40a50. Eggs—Receints, 1,693 cases: native and nearhy firsts, dozen, offered at 2815a29. Butter—Good to fancy creamery, pound, 40a43; prints, 44a45: ladles, 33a 44; store-packed, 28a29; dairy prints, 28a32; process butter, 36a37; rolls, 28a32. compiled the year to May 7 estimated were $7.857,717.68, an in-| 2084.79, or 13 per cent, th the corresponding pe- Of total receipts coal fur- 7,780.30, or ‘more than 50 & POSTPONE CLOSING. BALTIMORE, May 18 (Special).— The report that the Chesapeake and Delaware Canal would clese to navi- gatlon August 20 has been reconsider- o4, and now it is to remain open until after October, when the commerce be- tween the two bays will not be so active. i'rom the time of closing it will not be in service until the im- provements age completed. \ e SUGAR RECEIPTS. BALTIMORE, May 18 (Special)— Sugar receipts last week to the Ameri. , can Sugar Refining Co. were 70,681 bags from the Philipnizes by Japanese | steamer Hakodate Maru and 31,813 from Porto Rico by Baltimore Insular liner Gov. John Lind. e Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Before you invest—investigate! SR g e TIME IS EXTENDED. The Baltimore and Ohio Railroad was granted an extension by the {n- terstate Commerce Commission today until November 1 in which to install automatic train control devices on cer- tain_portions of its lines. 5 Money to Loan Secarpd by first deec of trust on real estate. | ailing interest:: | Joucphel Wellorigh ot s tre FINANCIAL. 1 Prompt Loan Service | First Trust Money Is Our Policy ON HAND Consult Us® —Auvailable for Both Building Loans and Completed Properties Reasonable Interest and Commission JAI\I"IES F. Sl-:l‘::.vA 6 CONSTRUCTION % LOANS FRED T. NESBIT Investment Blig. M. d_to loans on completed operty. buildings to he constructed renewal of existing loans. N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5904 . SPECIAL NOTIC Chevy Chase Club. i corp: under the laws of the Distric party of the first part unde denture of mortgage. 1 July 1. 1913 to the Fi Baltimore. ruster ation cre t 0f Colum ity ureuant vrovisions therein as stated in sail ment. does hereby give noticn ton 1 1 deem_anc {lon o call in, redeem and 2 he pro of article second of eald mottcage. o deed of trust. and the Interest on faid bonds i) cease on'the 1et Tuly (Seal.) CHEV By WILLIAM 1. H Attest: HPRESCOTT I A Third of a Century'’s i Experience 392 We Make Your Property Pay 3 régular profit, through the management methods we have per- fected during a third of a century of successful service. Every detail of leasing, supervision and rent collection is attended to by specialists who pro- duce results. B SAUL ¢ Main 2100 925 15th St. N.W. W. B. Moses & Sons Established 1861 -—you Furniture Carpets Linens Upholstery BUSINESS FURNITURE AND EQUIPMENT Eithen in eel or Wood A phone call will bring a representative at your convenlence Main 3770 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Tmproyed Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS 5%:% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY' MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings Houses Business Properties Back of the Gold Edge of our First Mortgage Investments Each Loan is made on Real Estate lo- cated in Washington City, the seat of the U. S. Government—a feature that insures stability of -values and Dellar Protection. They are safe: dependable, and vield an an annual return of 6'2% Mortgage Investment, Dept. ON-&LUCH 713, 715 and 717 14th Street N.W. Main 2345 Deposits Invited in Any Amdl;nI—Same Rate of Interest Paid on Large and Small Accounts National Savings & Trust Co. OLDEST SAVINGS DEPOSITORY IN WASHINGTON 39th Year—Corner 15th & New York Ave.—39th Year