Evening Star Newspaper, May 28, 1926, Page 31

FINANCIAL, FINANCIAT.. LAMB GOES HIGHER THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MAY 28 1926. NEW YoRK cURB MARKET | |COTTON IS QUIET [Ssereiy ot baber . |BROKERS CLEARED ' INTRADING TODAY; INHUDSON REPORT BY WILLIAM F. HEFFERNA Many Go Outside Prices Fluctuate in Narrow False News on Ticker Fully pared with the previous close of 491. Rinee the hieh iecd induswriat ape:| RANGE 0F 4 to 5 Points. Probed by Exchange—No yn-.ulon of the week on the Curb Ex T d Artificial Silk stood . a"le(l o tinbhtly hraatii *500 Liverpool Closed. Persons Bl - |change saw the upward movement out prominently, reaching the 200 a_Century's Experience when net was equal to $3.25 a share. Expectations are that the stock will eventually be admitted to trading on| the big board. Motor shares started forward again with Durant and Rickenbacker up fractionally from their low figures. Ford Motors of Canada at 494 com. We Specialize in Apartments —and know the manage- ment methods that pro- duce results. By daily _contact with tenants and Special Dispatch to The Star. BALTIMORE., May 28. -“There is a real scarcity of labor in Balti- more now which is likely to con- tinue during the Summer,” accord- ing to Director McAllister of the municipal employment bureau. Employment conditions. in the city are very good this Spring, he | stlll in progress with the buying ex | tending to stocks which heretofore had heen neglected. Oil shares main- | tained their place of prominence and { It was evident that the outside publie, | which had been skeptical about com- | ing in on the buying side vesterday, Sea Food Demand Is Heavy Today—Demand for Pork 0 Fairly Good. | were sufficlent to give the impression Increased prices of lamb resulted Jdrom a short supply and heavy d mand. prices, much higher than usual ranging from 35 to 36 cents. Dealers reported the beef market draggy at 17 cents for choice stock and as low as 14 and 15 cenis for medium auality, There was much medium stock on the market the past week, according 10 reports of dealers, some of it being stale. and it was due to thix increase, it ix ‘stated. that prices took a down: ward trend. Veal was quoted at 20 and 2 cents, and was In demand at prevailing prices, A fairly good demand for | wpork products. hoth fresh and smoked was reported. and pouliry was in de mand for the two.day holiday period. Ruyera were out early this morning. especially those who were at Muni ripal Market for supplies of marine products for Friday and Saturday trade. ~ Ruying was heavier than ual, it Is stated, due tn the fact that tomorrow iz a fast day in the Catholic Church. Market Prices Today. Butter—Fancy. one-pound 46247: tub, 45346 packed. Egge—Fresh, selected, 31a32; hen. nerv, 33a34, current receipts. 29a30. Poultry, alive-—Turkeys, 30: Spring hrailers, 45230; Plymonth Rock broil ere, 11; to 2 pounds, 32 smaller. 40a \45. White Leghorns, fowls, 30a 2. roosters, 20: dunc 15, keats, Aressed turkeys. keat young, 90al.00 Live stock - Calves, Aium, 10a11; thin. and medium, 131; lambs, 16 Meats- veal. 20a 3 prints, 10 oilers. old, 50a60. choice, 7 hog! light, choice, me- heavy 13; lamb, Rial6: heavy, 19; 30 Reef. 14a17: dressed pork, pork loins. 34a35: Western, hams, 31a34: shoulder: Fruit and Vegelahle Review. Today's market report on fruits and vegetahles (furnished hy the Market Naws Service, Bureau of Agricultural Economics) savs: Apples - Supplies licht, market steady: land and Virginia. A 2!3-inch Wine- saps. 5.50a6.00. Ben Davis. 3.00a3.50 be: Washington. medium to large mize extra fancy Winesaps. 2.75a3.00 Cantaloupes—@8upplies liberal. de. mand moderate, market fairly steady California. Imperial Valley. Salmon Tints standards 45s, 3.5023.75. few hest. 4.00a4.25. fair condition, some soft low as 3.00; jumbos 36s and 43s. 4.0024.50; few high as 4.75: ponys 4 2.00a2 128 and 15, 1. mostly Lettuce—Supplies mand moderate. market fornfa, northern dirtrict, crates Ice- berg type. 4-5 doz.. 5.00a5.50: ordinary quality to fair ‘quality and condition low am 4.50. Ontons—Supplies moderate; demand Night. market dull: Texas, standard crates vellow Bermudas, hest, mostly 5; mome fair conditfon low ax 1.85. Potato Market Steady. Potatoes- Supplies light: moderate, market steadyv: Michigan. 150-pound sacks Russet Rurals. 17. S. No. 1, 5.75a8.00. New stock—Supplies mederate: demand moderate, market slightly weaker; Florida, di le-head harrels, Spaulding Rose, U7. 8. No. 1. 10.00210.25; South Carolina. cloth-top stave barrals, Irish Cobblers, U. 8. No. 1, 2.00a8.25. Btrawberries — Supplies moderate: dsmand moderate, market firm: Mary 1and. East Shore, 32.quart crates, varf ous varieties, mostly around £.00, few Gandys high as 7.00, falr condition low as 5.00. Tomatoss—Supplias moderate: de- mand moderate, market slightly wveaker: Texas, fours, pink. wrapped. 2.00a2.50; best, mostly 2.25; ordinary condition, low as 1.50: Florida, =ixes. ripes and turning, wrapped, best fancy eount, 6.50; choice count, 5.50: some fair condition, both sizes, low as String beans—Supplies liberal; de. mand moderate, market steady: South carolina, bushel hampers, green, 2.00a 5.00. according to quality and condi- tion: Florida, Ta-bushel hampers. green. 1.00a2.00, according to quality and condition; North Carolina, 5-peck hampers, green, hest, 4.00. BUTTER IS LOWER. CHICAGO, May 28 (). lower; receipts, 18,122 tubs; ang: 3R1g; fAirstx, 36a light: demand barrels, Mary . moderate; _de- stead demand Rutter eamery i extra | DIVIDENDS. Pay- hla. anly Juls July July July Inly St of June June June Tune June June June June Periad. Rate Coen. R Q80 Adv Rumely pf aldwin L0 TR Barnsdall * A Do, B Bell Tel of Can kign Un Gas. %y-{;‘md-' cokr Tune June Tune 2 June 1 une June June June Tune C e Mo S B e n b s B S s June 3 | RO, -+ o Do. pi B n'rw &' p Fordham €n A. GrfD“W!ll' Sug. Holniger ¢GM fneirain Cop - nteratate P pf. n Maich bt of L Rell Lumb A fioto Mater A nto;flwh:pl at h Ew Jar g:on 5 din % fz‘i,i: i e o.:"fi;‘ S!rn-\.! , Bo. TREASURY CERTIFICATES. #Quetations furnished hy Redmond & Co.) s %8 Pec. . e % 1 | 1o . 3 i SHORT-TERM SECURITIES. tQuotaMens furnished by Redmond & Co.) —-Noon.———, P& L C.6e 1020 103% 103 L. €. 6n famaor of Awer - 3 1835 104 mer, Beet Sugar 6a 1035 m. & o &8 F 1027% 02 A .(‘T'I {‘fl”. ‘-]fl“'fl'-’p Desciated ON s 1935 .. timore & Ohio_ 6 107 hiet em ueel be 1036 T RGN S 0 S Rt 6Bs 103 o E. 1st 5n E. 5¢ 1927 See = o S233 ERERSE R it i (S B of Eolumb. ‘ontinen rated M o %oy hoodyear 1. Rreat Northern it o Corn v Eed ; 5. Pac, R, R, Co. B o 75 1030 0TS sk Contral '8 B3 fepon Short Line 45 1020 i 6. 6n' . 'C Be 1928 yo! & d e v 53355 on0025233503 2333353323323337333%8 e ) =S oon3323333330 505525 SR3BRR2375233325053833% P | were all up a half point or so. while {upward movement in Warner Quinlan Washington Stock Exchange ““Wuhinflon Gl:‘ Light—8 at AR Ty Am A C& ity & Suburhan Potomac Elec. Potomar Elec. Potomac Eje: | Por Southern Bidi | Wardman Park Hotel 5%w.. | Amer. Tel. | Capital Washington Norfolk ;ommu Wash. Rwy. | Wash. Rwy. & Elec. ptd Columbis Commeredal Farme, Federal-American was showing more interest. Advances. while not pronounced, that these stocks were at length definitely responding to the improved outlook for the oll industry. Standard of Indiana. New York and Nebraska the South American issues were again At somewhat better prices. The was checked. Tke recent strength of this stock has accompanied reports that earnings are running at a rate in excess of that of laat year, | NEW YORK. May 28.—Following i= an official list of honds and stocks traded in on the New York Curh Market today. 5 Sales in RONDS. thowsands T4 Aled Pk 8a 2 Alum. 2e new K3 Am Gas & F! A 10 Am Pow & Lt A 16 Am p Lt new FAm W o W u Anaconda Rs +) ) 295390933 3323282333 LIS PPT 1 Roston & M ARN T & E 1 BUA Gen B Nat R P&l 335523822238 i Cwn Wims P Cuban Tal 1 Cudahy 5e Detroit ak 1 onis | o0y | ARy 2 . 5 Gulf 01l Corp As- 20ind O & G 6o5e 2 1nd Limestone 6a. Indiananis P&L fx Rreags Edn 6%, Lehigh Pow Cin MeN & T, 7 Tons 1= i Loew's, 18 Mams Gaa 30 1001 ANorme & Co’Tlalns s or States P 1381027 A Nor SP M 61,0°C 10813 38 Ohin Pow 53 B 0B 1300 St a0 OR1 52Pan_Am Pat ‘83 1004 RPa P & I 3 100 & a 10 1 23333 o o ¥ 290933993333 2335232332 P FOREIGN 5And X C 8 ww. 3 Antionu _3 Antionu 74 Raden 18 Rum Bucnos A 3 Buenos A 7 Cologne & 4 Damish_Con BONDS. 1001, 1001 " nos ‘A > LT R SIS rupp F Leinzig R Danmark uni Medellin rov Santa Fe rov Lo Aus % 5 a5 e DDORDO LY TP T EL o Jtat SEPE PEREE 3259097 DOPDY. s Ecs i BEPEPHEER S RS e e S ) P R R R 3RRGSIRB3S23RIARINRI? 29733 pp-—ron33w: 3323 " 2022500 D0D’ 35233 Frres SAL! Potomac Electric Power pfd.—5 at 107. 881a, 2 at " ip. 10 at 68, A8, ashington 'R 20 at RR 7y Mergenthaler Linotype—i0 AFTER CALL Washington Gas Light—I10 at 68, 10 at 1037, i '33—$100 at Electric Power &. & . 1106, on Monotype—S5 at A6, 15 at 26 Capitel Traction Co.—10 at 103, 20 at a8 1 021y, w 4— and 6 per cent. NOTICE—This exchange will be closed ‘Memorial Das BONDS. PUBLIC UTILITY, & Telga. 4'a & Tel. ctl Anacostia & Poi. R Ana. & Pol. Guar. & P. Telephone P Tel. of V. 3 Capital Traction R. R 5. Georgetown Gas Potom Wazh. Warh. Balt. & Washington' G Washington G Wash. Rwy. & Elec. Wash.. Rwy. & Elec. gen. MISCELLANEOUS. D. C. Paper Co. Mfr. 6e. ... B4 - yormneRtock 14 B A5 181 Blhn 101 Wash. Mkt. #RY STOCKS. PUBLIC UTILITY, & Telga.... 149 TRackion, <. 103 e 42¢ Wash. Steamboat. 27| lflgt 12 *BD NATIONAL BANK. Amer. i T otomac & Elec. col Diatrict & Machanics’ ISR wshington.... TRUST COMPAN' American S Continental Siome 2 M 1903 821300000 BuBrem st Washington.. . urity h_ S United State Washington Mechanic FIRE INSURANCE. Americ: Corcoran . Firemen s National . Columbia Title al Estate Titie: tle & Inv. Co. Md. MISCELL D. . Paper pfd Federal Storage Merchants, Tran, Merchants® Tr. athaler 1 [ Mige. & inv oples Drug Store: anston Monotrpe. Security Stor . Washington Market.. x dividend. there were no new account for its sudden spurt. a0in0 S 0 XY [ 248008 0 ¥ ¥ 0 " Sales level, as against yesterday’'s final of 19515, New Jersey Zinc advanced more than points, responding to the declaration of an extra dividend of 2 per cent, Public utllity shares came in for more attention with American Light & Traction and United Light & Power class A" prominent. New Mexico and Arizona l.and was another feature of the oil shares, run- ning up almost 3 points, aithough developments to STANDARD OIL ISSUES. 1000 Anglo-Am Ol in unite. 3855 e 1 10 Cumberland P 300 Galena Signal O1 2800 Humble Ol & 100 Tilinoie P T, K00 Imp 011 of ‘Can 600 Int_Pet Co Ltd 50N Y Transit 200 Ohin 01 300 Prairie 0 & 60 300 Prairie P 1, . 500 So Penn Oii new 5 Southern P L. 4400 S0 Indiana. 500 S 0 Kansaz B00 & O Kentueky 3008 0 Neh n 202953308 reEd fRc o oAz B R s Bl < HE srr o A0 & 0 Ohin 200 Vacunm v INDEPENDENT OI1, STOC! n hundred; 3 Am Cont Oilfields 21 Am Maracaibo € 1 Beacon Oil ... Cardinal Pefe . @ Carib Synd 25 Gt Serv n R Cit Serv i ColumbiaSynd 0 Creale Svnd_ .. Euclid 0il' Co E s F & ‘_ et P na—e o b, 7SR S DR DD o> 1 Margay Oil 10 Mex Ol 4% Mex Pan 4 Mount Prod. at Fuel Gas.. . ew Bradford O, ew Mex Land.. hio Fuel Corp.. Pandem Oil.... A Peer Ol Corn.... .i 1 Pennok Oi1 Corp. 1 Red Bank ON 80 Roral Con O&R. 4 Rvan Con. - A Salt Ck Cons. 10 Salt €k _Prod.... 1 Savor M. . . 16 Tide ' War )] 1 Tide War 01l ntd 32 Venezuslan Pet . . ‘Warner Quinlan 2 Wilenx 0 & G niw 3 Waodley Pet. ne: 407" 0l i BRI TP Pt P PSP P e PN 57 10 1 perery (33 Diams INDUSTRIALS la Gt South. .. 1044, In Prok Bar vio 11 Tum Co new pfd ma]_Leather Am Cyanamid B m Gas & EI m L & Trae. . m Pow & L pid m Rason Prod m Seating .o Superpow Superpow R o Gas & Elec Fruit B 2 Brllo Mfe . 3 Brit-Am Toh Con “ Ruf Nias & East 1y Burr A M n pf1 ican D Ging A'n o Con Azuirs Sug & cant “Pin’ Cor. 1Chie Nin A 1Chie Nin BT 3Commw B € new i commw P nw nf 100 Comm P @ war ACons 6 Baito nu 3 Conanl” Laund 3 Continen “Bak A 43 Continen Bak B 4 Cont'T Bak nfd.. 1 Contl Toh Tne. | D Forest Ba'vic ixon” Crucible. . 1 Noehler Die_Crst Dresden B Berlin Dubilier. € & R.. Durant Motors u7 €0 O vic. | tngon Sehild.. Bond " Sh nid 1 T 03 a0 D i Dan AR S N hu A RS AII DB A S S RO RARR RS D IR B P SEdES & I8P re D031 R AR LS cn B R r R38R RS R R I e DR A B R IS BAR FE MY T LT P THIPRORY Fid SF PrEPT BEERRIRS won Pub_Ser . Ser nfd rn 223 PR A Erimet E S - 219 IS Do Db ! - oni3 =3 B 52535 = 2913 39 B Do as: FE P PSRBT DI IR D SR o 33 P 230 $ St I Tre P £t et e A 23 2 o 4 RZa— S awE 92301 »Boamm s Fa 35 etra Chain Sirs T West” Tl * 3 * 5 HATRSE-RSE25Ea 1 Municipal Serv .. 1 Nl El Pow 4 % Nat P& Lol 71 2 Nat Pub Ser A CRCRAE FE 2 2 > Nov Callf Bl Y Tranan 5 North 0 Pow ‘¢ 4Xo States P C A1 11 Northa Pow n." W& pae Sy Boer roct_& Gam aPuh P & 3 Purite Bak A Jpurity Bak R 1 Pyrene Mz | Rand, Kard B en Mol v 1 Reo Mot . g 5 Rickenbacker Moi 3 Siliea_Gel vie . 1 Serv rp A 1 Serv Aefdl 2South P& L n i Sou Oitien Titil. . Southw_Bell prd Sparks Withingt. . tand Mot .. Stand Pub G A tutz Mot . Swift Int) Swift & Op ampa Elpnc new. Tampa Ff rte wi ken Axl SHin ane aix Pick'A iceon St ASR 3SZR = trry 3 e =308 AT S I DI I D D23 = n te 2 hoe 13 39me08 T D9 Dia. RS D= DR DD BBAI DD FNIRD SN D DD D I DI B IDAIIE B D! By £ RRSSSES FEF F 25" ‘Louatat n P I Lo DO o 3 e o B atals ) 23 2 &) S SR 33 1923 i L B0 D 2 RS priet NPEP -t (P D et bt e itol ST E L T b PPt e Pt 29 B S i 3338580522314 P2 aune —a =3 & [ 4 &0 ontl way B n R R Y aamo —a =3 e & EEEE oS & 333RanBuen S ma =3 >, MINING STOC! s. £ ois Cop_Mines Cresson Gold 100 Eureka Croesiia. 40 Firat Thought GM 80 Forts-Nine M .. 15 Golden Center ‘M 30 Goldfield Cons . 20 Hawthorne M 1 1 Hollinger . 2 Heela - Mine 20 Jumeo ' Extens ay Copper Cor. N 'J Zinc Niplssing 12 Noranda 2 Ohio Cop 2 Premier 225 > 351352 5= 330135 3381 o e B Deisi L ) s RBascs! is £ ROCK ISLAND REVENUE, NEW YORK. May 2% (#).—Total operating revenue of the Rock Island Railroad for April was $10,070,018, as compared with $9,887,513 for the same month last year. Operating expenses were $8,597,454, while those for April last year were §8,271,077. The net operating income was $452,008, as com’\lnud with $664,940 lazt vear in i | By the Associated Press. - NEW YORK, May 28.—Cotton fu- tures opened steady. July, 18.43; Oc- tober, 17.63; December, 17.55; January, 17.47; March, 17.54. ‘The market was quiet again at the opening today, prices fluctuating with- in a range of 4 or 5 points. Traders evidently found nothing in the weath- er news of sufficient importance to create fresh sentiment on the eve of a three.day adjournment over Memorial owing to the holiday ahroad were no Liverpool cables to in- fluence mentiment either way. First prices were ateady after an advance of 2 points on July, but gen erally 1 to 2 points lower, July ruling around 18.39 and December 17.56 at the end of the first hour, or about*net unchanged to 2 points lower. Another private crop report pointed 1o a decrease of 1.0 per cent in acre age and made the condition 68.7 per cent of normal. New Orleans Quotations. NEW ORLEANS. May 28 futures opened steady. Jul October, 17.18: December, 17 a 8 bid (1 ). March, 19827). The market was steady today, with first trades showing no change to 2 points decline. Liverpool was closed. The market eased off a point or twon after the opening and ruled quiet dur ing the first hour. but finally advanced to 1 for July, 17.20 for Octoher and 17.19 for December, after the weather map was posted. A private authority makes the condition aver age 68.7 and the probable decrease in acreage 1.9 per cent. B. & 0. INCOME SHOWS AN INCREASE IN APRIL Cotton 17.75 18; Janu 17.20 Period's Figure at $2.286,200 Higher Than That for Correspond- ing Period of Last Year. Special Diepatch to The Star. BALTIMORE, May ?8. ins were shown by the Baltimore ahd Ohio Railread for April, as comparad with April. 1925, thereby bringing the net railway operating income of the carrier for the first four monthe to $11,481.151, or 86,209 higher than in ‘the’ corresponding period of last vear. Railway operating revenues of the company for April totaled £19.300 144, a gain of $1,066,590, ar compared with the like month of 1925. This Increase was largely attributable to galn in freight revenue, which showed an ad vance of $1,140.709. Passenger nue showed an iner e of §3 mail revenue fell off § press revenue dropped $50.666. Railway operating expenses for the month amounted to $14,812.400, a gain of $501,156. Net railway operating in come was §: 6. or $649 768 ahead of April of Iast vear. OPPOSES MERGER. The Chesapeaka W n_Railway, fn a briet filed with the Interstate Commerce Commission today, asked that the application for mergar of the Norfolk and Western and the Vir ginian railroads he denied on the ground that it failed to give considera- tion to short lin The brief asserted that an examiner for the commission. who had also rec- ommended against the merger, erred n his report in failing to find that one of the “specific respects in which the Norfolk and Western failed to show that the proposed lease was in the public interest was the fact that it gave nn consideration to the status of short lines connecting with the Vir- ginian and the Norfolk and Western, including the intervenor, Chesapeake and Western Raflway, nor to how they would be affected or how they should be treated.” The report, it was added, also erred im that the examiner “apparently la- Bors under the assumption that con- trol by merger or consolidation of one carrier by another is a result 1o he sought in disvegard of one of the ends which Congress had most definitely in mind.” C GRAIN AND PRODUCE. BALTIMORE. May 28 (Special White potatoes—100 pounds, 2.00a4.0 new potatoes, harrel. 4.00al1.0n; a paragus, dozen. 1.50a3.50; beans, bushel. 2.00a3.00: beets, 100, 5.00a%.00; cabbage, hamper, 1.00a1.35; sweat po- tatoes. barrel, 2.50a6.00: carrots. 100, 6.00a7.00; kale, hushel, 50a60; lettuce. basket, 75a1.50: peppere. crate, 3.50a 6.00; cucumbers, crate, 1.50a3.00; corn, bhasket, 2.00a2.25; eggplants, erat 3.60a6.00; peas. bushel, 1.25al.7 onlons, Bermuda. crate, 2.00a; to- matoes. crate, 3.50a7.00; rhubarb, 100, 2.00a4.00; radishes, 100, 1.50a4.00; spinach. bushel, 25a30; squash, crate, 2.60a3 Spring onlons, 100, 1.50a 2.00. & Apples—Barral. 2.25a5.01 75a1.50; eantaloupes, crate, 1.25a3. grapefruit, lex. 3.50a5.50: oranges, box, 4.50a7.00; pineapples. crate, 2.75a 8.25; strawberries. quart, Virginia, 10a16; Maryland, 13a18. Selling Prices at Noon. ‘Wheat—Nn. 2 red Winter, domestic, spot, no quotations; No. 2 red Winter, garlicky, spot, 1.57, Corn—Cob, spot, 3.65a3.70 per bbl., nominal; domestic, No. 2 yellow, 75 per bushel in carload lot; No. 2 spot, export, 71%; No. 3 spot, export, 87%. Oats—No. 2, 51 asked per bushel No. 3, 50 asked per bushel. Rye—Nearby, 90a95 per bushel; No. 2, export, spot, no quotations. Hay—Receipts, 79 tons; under light receipts of the better grades of tim- othy, choice light clover mixed and No. 1 clover hay and a fair demand for these types. the tone of the local hay market has heen somewhat firmer v, and because of the light sup- ply of the top grades good medium grades have also heen moving out more freely. Quotations per ton today: No. 2 timothy, 26.50a26.00; No. 3 timothy, 23.00a24.00; No. 1 light clover mixed, 24.50a25.00; No. 2 light clover mixed, 21.00a22.00; No. 1 clover mixed, 24.00a 24.50; No. 1 clover, 24.00a24.60; No. 2 clover, 20.00a21.00. Straw—No. 1 wheat, 13.50a14.00; No. 1 oat, 13.50a14:00. hushel, DAIRY PRODUCTS. BALTIMORE, May 28 (Special).— Live poultrv—Spring chickens, pound, 40a50; Leghorns, 35a45; old hens, 30a 31; old roosters, 20; ducks, 17a23; pi eons, pair, 30a40; guinea fowl, each, 75a86: old, 40a50. ggs—Receipts, 1,272 cases: native and nearby firsts, doen, offered at 80'4a30%%; current receipts, 2915a30. Butter—Good to fancy creamery, pound, 40a43: prints, 43a45; ladles, 32 a33; store-packed, 28: dairy prints, a32; process butter, 35a36; rolls, 28a BAR SILVER PRICE. NEW YORK, May 25.—Bar silver, 85; Mexican dollars, 49%; 3 said, and large drafts are being made on local lahor sources to supply outside needs. MeAllister sald over 300 men are | ®ent out of the city weekly on jobs. That number will be cut down, if necessary, to keep local plants supplied, he id. WOOLEN INDUSTRY HELD T0 BE “SieK” IMill Heads in Passaic Dis-! trict Consider Complete ‘ Shutdown. : i | | i BY J. C. ROYLE. Special Dispatch to The Star | PASSAIC, N. 1., May 25.—Mere re duction of output will not suffice to put the woolen manufacturing indus try back on its feet, even with labor troubles eliminated. That was the opinfon expressed today by a mill ex ecutive, who is known as one of the zreatest woolen goods desigrers of the world. 1t i an open secret that while strik- ers are arguing over the ncceptance i {of “one big union,” discussinz the! findings of bomhs and presenting ap peals for investigation to Federal of. ficials in Washington, the mills of this | district are considering mplete shut-down, which may not | last indefinitely The mill executives feel unmistak ably that, frrespective of the immedi. | ate questions at issud concerning the | restoration of last Autumn's wage re duction by some mille here, the woolen manufacturing industry is ‘slck’ and that neither tha cutting off of pro duction by the enormous plants here | [nor the settlement of the strike will serve to restore it to normal, The conditions which exist not anly affect the mills in this section but those in New England, Pennsylvania on the Pacific Coast and elsewhere. as | well as the wool growers of the coun. | try and every man. woman and child | who wears clothes or sleeps under | wonlerP coverings. | Couldn't Keep Pace. The industry. according to the head of what i= said to he *ha most per fectly equipped woolen mill in the world, has failed to keep up with the | march of progress. It has heen| bumped first by the decided move. | ment of population to the South. This move has made extremely heav woolen clothing fors Winter nnne sary for a large number of people, People no longer buv heavy Winter suits because heatinz of houses, of- fices and public convovances has so | improved that the hravyweight fih rics have hecome .= hurden rather| than a necessity. The popnlation has | hecome accustomed in recant years to | move with the climate. hence extreme degrees of heat or cold need not be provided against. Gl There was a time not many vears| ago when a “suit of the| annual requiremen : woman. | Today women have turned to dresses | and to the lighter fabrics included | in cotton. rayon. silk. silk-and-woolen mixtures and wooland-rayon com. | hinations, Trend Toward Furs. The trend toward furs has tremendous dent in the cutting up of woolen cloth. It is possible today to buy a fur coat, either of matural muskrat or the cheaper domestic furs which simulate the wild var ties, for less monev than a high- grade woolen coat will cost. 0 longer necessary to depend on the trappers in the wilds for furs. They are being produced on farms near| the consuming markets. The mere | trend toward fur trimmings, collars and cuffs has made a marked reduc tlon in woolen cloth consumption. The United States still consumes | more raw wool than s produced | within its borders. Rut much of this wool Is entirely unsultable for manu- facturing the finer fabrics and Aus. tralians get the profit of new and| original textile designs to a greater | extent than do wool growers of the ! West. To add to the complications of the | situation, many of the woolen mills are equipped with machinery to turn out haif-inch-thick fabrice which now are salable in a_constantly lessening ; territory of the North. Much of this | machinery is antiquated. The quan. | tity productfon of the woolen mills | is now ahead of consumption. The change to quality production must be at the expense of a change of hoth policy and machinery. ‘Where once woolen mills sold tReir output by the thousands of pieces.”” sald a_Passaic mill executive today are forced to sell ‘cuts’ which merely go Into the sam- ple lines of clothing manufacturer All mille will open the season wit 30 to 50 fabrics, but the real business Will be done in 4 or 5. What those 4 or 5 will be cannot be told in ad- vance. but the mill must be prepared to meet the demands of buyers in the quantity they desire or lose the nusiness.” Advantage in Designing. Fabric experts agree that foreign competition can he met so far as machinery, costs of production and worker efficiency is concerned, but they point out the advantage of the foreign designers in some lines through the assembling method of bulk pro- duction. “Rodier, the great French house. ix engaged in the distribution of woolen, worsted, velvet, silk, cotton and other fabrics,’ lained one American mill man. “But Rodier is in realfty a designer. not a manufacturer. - derigna a fabric and then parcels out | ite production among a dozen differ- ent small factories. Hir handmade Zoods are constructed in the cottages of the peasants. He iz in the same position as_an automobile manufac. {urer who buys a chassis frem one maker, a body from another, an en. gine from a third and transmission and springs from a lonrth and fifth, There exists no system which will iallow such production in America, But what is lost in thiz way is more than regained by the uniform quality and dye of the American goods and the superiority of American ma- chinery and workmen.” = P =3 COTTON GOODS QUIET. Special Dispatch to The Star. NEW YORK, May 28.—The cotton goods market continued quiet today, with price levels unchanged for print cloths at. 714 for 64x60’s and 815 for 68x72%. The raw silk market was quiet at unchanged prices. | may or put a | e Your Banker Knows. When In doubt about a security consult your banker. It is equally as much his interest as yours to protect your savings. You trust him with your deposits—why not trust him with your {nvestment psoblema?. I ment of an extra dividend and an| It is no | | By the Associated Pres NEW YORK, May 28, —The business| conduct committee of the New York| Stock Exchange vesterday exonerated | brokerage houses and Wall Street financial tickers of any blame in con- nection with the publication of an| erroneous dividend announcement on Hudson Motor shares on May 20, which cansed a flurry in the stock at) that time, i After a thorouzh investigation. the exchange officials found that there was no wrongful motive or intent on the part of any Stock Exchange houses | I I i owners—for the past third of a century—we have the facts that fit us to find what vour Apart- ment needs to pay you better profit regularly. B.F. SAUL CO. Main 2100 925 15th 'St. N.W, in furnishing this infermation to Dow Jones & Co., publishers of a ticket service and the Wall Street Journal, and that there had heen no improper dealings in Hudson Motor Car Co capital stack by these houses in this} connection. Publication by the tickers of th falze statement that Hudson directors had declared only the regular dividend caused A sharp break in the com pany's stock and a subsequent cor- rection, giving the official announce increase in the quarterly payments, broukht about an equally violent up turn. It was estimated that the mis take cost speculators between $400,000 and $1.000,600 RUBBER IS LOWER. Special Dispatch to The Star SW YORK. May 25 ber, smoked ribbed sheet 16 10 4315 in the noon que ‘Thie compares with 4% nd 66 ~Crude rub. declined a tion today A month age Stocks Bonds 0dd Lots Carricd on Margin Buck & Company —BROKERS— Fatablished 1916 312 Evans Building 1420 N. Y. Ave. N.W. » Tel. Pranklin 7300 Direct Private Wires to New York $5,000-2-$42.9) at Age 30. Send Date of Birth for Full Information. LeROY GOFF Insurance— all branches 610 Woodiward Bld. ' FIRST MORTGAGES FOR SALE 612% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, secured on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Lou Life Insurance Costs First and Second Trust Real Estate Notes Se- cured on Improved Real Estate in the Dis- trict of Columbia. Federal Security & Mortgage Company 1412 K St. lin 1599 We Will Loan at 53% Economie Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Newark, 1018 Vermont Ave. WE FINANCE ~—al classes of income-producing nroperty Large Loans a Specialty - Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. Secured by first deed of trust on real estate. Prevailing {nterest and_commission_ Joseph I. Weller{3?, ™ REAL ESTATE LOANS ANT AMOUNT l APARTMENT HOUSES 2/0 BUSINESS PROPERTT RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Investment Bldg. Main 9392 For local branch office of $40,000,000 Corporation Should have experience in handling specialty sale organization and must have successful record. Apply by letter and give telephone number. Address Box 482—X . Star Office The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the Dis- trict of Columbia and Nearby Suburbs m Montgomery County. Maryland FOR 3, 5 OR 10 YEAR PERIODS Y% ON APPROVED SECURITY Apply Apartments Houses Office Buildings Business Properties RANDALL H. HAGNER & GOMPANTY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Home Life Increases Agency acilities The Washington, D. C.. and Winchester, V% Agencies of the Home Life Insurance Company of New York have been consolidated and a partnership formed by Messrs. H. R. Bryarly and R. T. Brvarly of Winchester and Maynard C. Burrell of Washington, under the firm name of Bryarly & Burrell, General Agents To meet the requirements of the new firm in giving eficient serv- ice to pollcyholders and prospertive applicants for insurance. the Wash. ington offices have been moved from the Woodward Building to larger quarfers in Suite 60, H. L. Rust Company Building 1001 Fifteenth Street N.W. Washington, D. C. Messrs. William B. Hardy. M. Wellington Allen and Julius F. Wondrack of the Washington office will continue their connection with the agency, and Messrs. James R. Du Shane and C. J. Ewank, formerly of the Winchester agency, will be associated with the new firm in Washington. The office at 22 Rouss Aven Winchester, Va., will be continued a< a branch of the Washington agency under the direction of Mr. R Bryarly as Resident Partner W. B, Moses & Sons F St, at Eleventh Furniture Carpets Linens Upholstery BUSINESS FURNITURE AND EQUIPMENT Either in Steel or Wood A phone call will bring a representative at your convenience Main 3770 Equitable Co-operative Building Ass’n Organized 1879 46th YEAR COMPLETED Assets 5,031,814.86 Surplus . ..$1,352,749.93 Subscriptions for the 90th Issue of Stock Being Received THE VALUE OF SYSTEMATIC SAVING can readily be seen by the fact that thousands - have bought homes and built up substantial fortunes by saving regularly with the Equitable. Our plan will help you accomplish much. Join to- day. 915 F Street JOHN JOY EDSON, President Il SHARES $2.50 PER MONTH I Men Who Know the Value of a Budget Each year our First Mortgage Securities ave enjoying a larger sale, Our Partial Payment Plan is partly res, sible for this—since it affords the pllfl.'l.l m Safe, Dependable and Remunerative Investment by a regular monthly payment. Many of our customers have found that by their incomes and making “Investment” an item of that budget, they are achieving— Financial Independence MORTGAGE INVESTMENT DEPARTMENT