Evening Star Newspaper, July 14, 1926, Page 29

HBOFRLS. [ ISHPS DOBTFUL leqmood of Sattsfaetory Oger Remote—Request to -+ Relieve Pressure. YORK, July 14.- —-Al(houxh the sh!w of the United“States Lines and the~ merican Merchant Lines will be ised for sale within a fortnight, Y lml ‘will be opened hy September !x‘ in{l men here are not opflmu te e vessely operated by t Shlwfln: Board will be umtactoruy and advantageously sold= They point out that afbona fide bid for the vessels would have been re- celved and given consideration by the boardl at any time sincé the lines have beern operated by the Emérgency Fleet Corporation, had any one desired to make one, ** Operation Not Profitable. Operation of these lines in the trans: atlantic trade has not been profitable. wThose in a position to know the figures "say ‘that the George Washington is the ‘only ship which has shown a profit. In all, 12 ships are involved in the request for bids, aggregating some- thii like 250,000 tons, The sum of $30,000,080 has been named as g tenta- tive: valuation. This is only $12 a . ton,.or far below cpst of replacement. " In faet, it represents:about only Wwhat ‘was spent for the Leyiathan alone. It is extremely doubtful if the Shipping Boapd would consider low bids. To do 80 would be to bring immediate’ wails’| - from every concern engaged in trans- atlantic shipping ‘except the success- ful bidder, since they would have to compete with full-cost ships agalust Vesdels acquired from. the board. It is also doubtful i§ bankers and shipping men can be found who will be willing to pay a good price for & losinig venture merely to give the Unifed States’ a merchant marine, operated under private management. Such & bidder may be found, but ship- ping men at the moment are not op- timistic. Industry Not Prosperous. The shipping industry has not been for some years. The Tn- ‘Mercantile « Marife . Co., 1821, has falled to show fixed charges garned. ‘The company Dow. is concluding the salé of its White Star liners for approximately $35.000,- 000. The vessels sold might be com- {:rvd in a_way to those offered by MORGAN BUYS STOCK $15,000,000 o $20,000 $20, ooo.ooo ‘Reported Gomylnod—l)onh'of‘ Firm Remains in Same'Hands, 'NEW YORK, July 14 P).—J. P Morgan & Co; announced: erday that they had. purchased an‘interest i the Wielschmann Co., ~manufsc- turers of ‘yeast,-at private malé from certain members of uu B‘leuahmn family. The number of shares covered by the arrangement it was sald repre- sented only a small percentage of the company’s outstanding stock. A large majority of the stock will still be-held by the Flelschmann family, who will be in full control of its management. The bankers explained that..their purchase of the. shares was' for in- vestment purposes and that they were. not acting for other interests which might be seeking control. It was re- ported in. Wall Street that more v.h-n 400,000_shares, part of the howan Max Flelschmann, chairman the board, have been turned ‘over to the bankers for a consideration of between $15,000,000 .and $20,000,000, The eoln pany has. 4,500,000 common shares ou -andlnc in uidmnn toa mll unonnt PRICES UNBHANGED Cool Spell fidvaptag'éous for ‘Trade -in_Fresh.Meat. ... Business Brisk.© Prices ~ remained virtually’: ' uf- changed since yesterday at wholesale stands in €enter Market: today. ¥ ‘The market absorbed nicely a easipg of prices in Spring broilers, and the range of 38 to 45 cents was pre- served on-live chickens of this grade. “fhe cool spell has been advantageous for fresh meats, in which brisk trading for this time of year is being induiged. Butter—Fancy, 1:pou 47; tub, #6846: storgibacked, 27838, Eggs—Fresh, selected, 30; hen 30a31; elirrent receints, 27. alive — Turkeyu Whil e board, but shipping men do fibt jd see the advantage of an exchange, peclally since he funded detit of tg g nte ernational Mercantile Marine total $48,799,810. « Then, too, the company is inter- - OVe Wi least repioye. m- of that pressure: ‘that an adequate 5 bid-eannot be se- cured, the SHipping' Board ‘would be able to operate the vessels and sup- the/ - fleets -with = additional tively, u-an it:has the In mrt £ this view h-u\-gn !nlé.nlh point to the ing of ‘the resolution under which i brotlers,’ 1.00; old, Live -lfin-acuv«mhfiu mum- thhl, 8a7; hogs, heavy and lllh! choice, . 15; hmb -30; Vcl.l Frult and Vegetable Review. 'l'hn daily market. umm on fruits "MA‘M compiled by the Mar- kn Service Bureau of Agricultural light; Yor! crates Hk w Aype, 100-1 26; D&,\l"onn—sur' wl!e- light; demand slow, wetiker; Texas and California, With a pur- chase of $100 or more, cash or charge acs count, your choice of a 42- ¢ piece decos rated dinner set or a 35 piece Rogers , plated ware 2 Gemun, Americah walnut veneer on gumwood, bemmfully finished. As shown a Vamty, Chcst of Drawers, Bow-end Bed and Dresser. See thxs sulte by all means before the lim- m“fi-‘"‘fl‘%fl%’_; ) 10 Piece Genuine Walnut Dmmg Room Suite Garolina, clothtop stave barrels, Cowil |« -Tudor design, inigenuine Al yender eoms graded, poor condition, 3.00. © bined with‘gufiwood. As pictured, an bbkmg exteni- Watermelon Market Steady. sion table, china cabinet, server, buffet and ng!mfi- iberal; de- . = ine leather seat chau-s. st : i:fl.wi th Payc Iot ll.' A most amaive'aqa Sl bt suite- o smmxl brown fiber—Settee, Az‘mdmt and Rocker wi& Hare | ise for bids for the operlmm of sald " NICKEL PLATE PLANS * BEING IRONED OUT Van lverlngm Continue Confer- enges With Pere Il!que;te \ ldlvty Suhumlmttee By the Associated Press. ~ NEW ‘YORK; July 14-~~Conferences —Supplies M&‘ta. 'were resunted t between the Van|light, mflxet steady’ Sweringen brothers and the subcom- cntur 1.00a2.00. ;nll!oe o(dth- Pere, meoh e m&n n an endeavor to t certal unsatisfactory . elements - which - the| LOADINGS GAIN. committee is- rted to have found in AR OAD " the new terms offered for the inclusion : of the road in the modified “Nickel R they Plate” merger plan, 2,624 It 1s understood alternative propo- sals will be submitted by the special commlxt.: llnd‘,‘ in th:m event of agreement, it expec the revi: terms will be laid before the full board | with the .« ©f directors in a few Edward N. Brown, ch-lnmn of thn Pere Marquette, said he expected the subcommittee would insist on better ng of revenue FIBER RUGS - Most attractivel, patterped and durably. -woven for service, {Vnde assortment of colors and ttemu. Two s;ul, 9&12 feet and July Clearance of R‘efrlgerators Gibson” . 3-Door Model A tavorlte stylé with the &mcun- averige family; & depend- The _ tothl fir "' week of July 3 wu.nmernuo(flulsmmo the corres n’wklutyurum Anumfiuot 4,720 mmn the' ' There ate ka-wirp ment of patterns and colors, be eonddorcd at another meett the afternoon. - 3 M. J. Van Sweringen, discussing the ed opposition from Chesapeake and Ohio stock- holders wae as serious as it ssemed. He declined to predict what, action would be taken to satisfy the minority. || W-. B. & A BOND gehisd &% i -at.Jeast. t