Evening Star Newspaper, July 18, 1926, Page 84

' DEMAND FOR STEE . CONTINUES 600D~ Improved Tone - in_-Copper Trade Also Holds Up. Tin Price Advances. - | By the Associated Press. NEW YORK, July 17.—~The demand for finished steel during the past week was- well maintained and the volume of sales so far in July has been very satisfactory. Prices were steadily held with some intimation of possible advances’ later on, and the trade is now convinced that the Summer slow- down in business will be considerably less than normal. Pig iron was in de- mand and sales for the present quar< ter were reportedsas liberal. Prices were unsettled, however, with steel- making iron easier. In copper, the improved tone re- ported during the previous week has remained in evidence. Buyers for do- mestic consumption have sanown re- luctance to meet the advances and export interest has tapered off again. It is understood that considerable business has been placed recently, how- .ever, and the firmer attitude of -sell- ers was encouraged by the statistics showing a reduction in stocks of both blister and refined during June. Pro- ducers generally asked 14% cents for b electrolytic at the end of the week. Tin advanced largely in response to the rise abroad. Holders remained firm, but consumers showed no buy: ing interest beyond taking & few small lots for nearby shipment, : although they were taking metal freely on old contracts. Lead prices were firmer, but still under those prevailing in the outside market. The demand was somewhat less active, but sales were reported of bonded to the Orient. Zine was quiet,but stéady after its, recent actlvity, which was mainly for prompt and July, thus strength- ening the statistical position. - Prices are a shade under the top. Antimony ruled less active but re-. mained firm in sympathy with the China strength and small shipments from that country. BALTIMORE LIVE STOCK. BALTIMORE, July 17 (Special).— The general live cattle market con- tinues steady, but quiet, and shows little change in values from last _ week’s quotations. Receipts gener- ally are light, especially with to) grade cattle, and all common to O dinary stock is slow sale at the insids values quoted. Most of the receipts on the wharf consist largely of this kind and choice fat lambs are the only stock of which there is no sur- plus. Quotations today at ‘Light street wharf: Beef caftle, first quality, pound, 8a9; common to medium, pound, 5a7; bulls, as to quality, pound, 4a8; cows, choice to fancy, pound, 5aé; common to fair, pound, 3a4: oxen, as to quality, pound, 4a6; milk cows, choice to fancy, head, 50.00a75.00; common to fair, head, 30.00a50.00; calves, veal, cholce, pound, 11%a12; ordinary to medium, pound, ugh and common, pound, small culls, pound, 6a7; sheep, choice, pound 7a8; old bucks, pound, 5a6; commen, pound, 3aé; lambs, Spring, choice, pound, 13%al4; fair to good, pound, 12213; common, thin, pound, 8a10; hogs, straight, pound, 14a15: sows,’ pound, 10al2; stags, pound. 6a8; old boars, pound, 4a5; live pigs, pound,i25; shoats, pound, 15a20. - T in_only. Un- led cuisine. Wortnightly gallings, from, New ~ York. pecial ‘rate und South America_Tours.” Write for new booklet 8 MSI' days to up. Hanoyer Sa.. N. Y NEW YORK DIRECT E N arge, modern, comiortable lient cuisine. Short ipal In 8 Days ln:l in I route thru bookin: Scandinayla. Next Stockholm duly 22 Mechanical Devices Installed on All the Aseoclated Press. S NEW YORK, July '17.—Devices were placed in “operation today on more than 1,600 locomotives operating on a trackage of 3,000 miles, which are designed to. keep. a mechanical eye on the: engineers and, sary, take control of their *"Tho ‘New Fark Central announced " that & system trol had been installed on its BALTIMORE PRODUCE, BALTIMORE, July 17 (Special).—~ ‘While receipts of native and nearby new potatoes -are le for trade wants, today indications are that the market «yill firm up to higher prices next week. There is a steadier tone prevailing « today with all good graded stock -cleaning -up more read- ily- at 2.75a8.25 a barrel, but run of ‘the = patch . Will not bring over 2.00a2.50, while No. 2 stock is sale at 1.00a1.50’ a bushel. Stock from all-sections. splls mostly 1.00a 1.25. @ommission men complain that Rappahannock and Yerk River, Va., potatoes are’.not being - properly. graded and will not bring top values, Native and nearby garden truck has been in lighter receipt the past week: and market holds firm under a goad and constant demand at the Tollow- ing quotations: ' Green Bean 1.26 bushel; wax beans, 50a76 bushel; beets, 3.00a4,00 per-100;. cabbage and carrots, 3.00a5.00 per 100; Virginia corn; 8al5 dozen; imative corn, 15280 dozen; _cucumbers, 50 basket} 75a1.25 ‘bushel:” sduash, 40250 asket: Virginld, tomatoes, 1,00a2.00 a crate for, ripe,:75al.50. for gréen, while native ripég bring 1.5022.00 per ‘14-quiart basket. , 1 ample: receipt and prices ‘are mostly in buyers’ favor at 12a16 quart-for!blackberries, 10al5 pint for' red raspberries, and 15a18 &ulr,t for, blavk raspberries. Cher- es are demand 10a15 pound for large sweet and 4a8 pound for' sour and ¢ SIMPLY 'CANNOT TANGO. Spanish Daneér Scores Attempts by English and Parisiennes. LONDON, July: 17 (#).—Vincente Escudero, ‘the well known dancer from the Theiter Des Champs Ely- sees who has been giving exhibitions of S ish dancing in London, -ds pan doubtful whether 'English dancers ever master the tango. “Dancing in London is very good in the ballrooms,” said the Spanish dancer,” “but most dancers do t the fox trot. Even the Parisien- nes, ‘who dance better than the Eng- lish, cannot tdngo. I have found only the Argentines and the Spanish] really understand ' the dance. ° And danced badly it is ridiculous. Per- haps in its simplified form it might be attempted generally in ballrooms, but I do mot think it should then be ealled the tango. § - STEAMSHIPS. BALTIMORE & CAROLINA S.S.CO, Om.: 1008 16th St. N.W. Spend vacation udnf hni;mfl(u Novel, u ‘heglthful trip. S i RED CROSS LINE SS.“SIIVIA ‘and SERREDEDR 0 D Lue AL S. S. “SOUTHLAND” Friday 3P.M. - July 500 Miles to Monday EXPENSE o~ 3 Nights 3 3 LRSS on Steamer Potomac River—Chesapeake Bl‘yb--.Yorl‘Riyc‘«‘ Norfolk, 3 i neces- | perm! to Watch Engineers . Y. C. Locomotives him and . operating ‘on the side of satety if he disregards those rules.” MARY AND DOUG WAIT TWO DAYS FOR TRAIN Stop in Warsaw Pending A:Hnl of Thrice-a-Week to Moscow.. By _the Associated . WARSAW, July 17-~Mary. ford and Douglas Fairbanks spént two days here waiting for the train to- Moscow, which runs. onfy thres Cones & WeBk, o Sy (‘.[‘hoy ‘will remain only three days in Russia and then will return to New TYork by way of Poland and Germany with - Mi ‘Pickford’s mother, Who.has not e merican couple had - Japah directly from.' way of Siberia, but the of Miss Pickford’s mothek, been Teft in Germany, caused them to_postpone their Japanese itrip: + Mr. Fairbanks and hrm are investigating - the . possibilities of opening a studio in Europe, bl&hlvo formed no deéfinite plans. for this as yet. They are going to Moscow to try to arrange for the direct sale of their pictures which, urtil-how, have been handled through German agents, On their return from Russia they will taka with them the Polish actor M. Ordynski, who will work in their I:u:io in the United States on Polish stories. - —— Lieut. Kelly Assigned. First Lieut.’ Paul B. Kelly, Coast Artillery Corps, stationed ‘at Fort Hancock, N. J., who has been under treatment at Walter Reed General Hos 1, this city, has been assigned to tl 12th Coast Artillery at Fort Monroe, Va. STEAMSHIPS. . . Heaviness Has Disturb- ing Effeit. BY GEORGE T. HUGHES, : Special Dispatch to The Star. NEW YORK, July 17.—This has | Time Money Is Firmer and been'a week of sagging prices in high- ?A grade bonds. Losses have not been large, as fluctuations are always small in this class of security, but there has been no doubt about the trend. ¥rom. i| " The only in which there has been any nnmb&nm of strength has in . mid-Ju There is no one explanati quate for the shift in sentiment. is said that financial institutions are no longer buyers qn the same scale as they were earlier in the yuar, but that leaves the reason why thay have withdrawn from the market unstated Resetve | change in the funda: In fact, the reserve ratio t up more than & point and & half where it was last: week, and the gain for the New York. Federal Reserve Bank was much larger. - Probably the irmness i time mnno‘ is due to increased borrowing by Stocl Exchange houses to cover speculative requirements, the . greater. demand showing here: rather than in the day- to:day’ accommodation. - Business not. taking any great nt of money from. elfl:'k ot 1 " i The Wi 's. new bond d!fll!lll. around $57,000,000, comphre =~ with about: $66,500,000 last week and a lit- tle over $40,000,000 in’ the correspon ing week a year ago. It is not, then, 2xcessive new financing that has weak- ened the market. s Prices, however, never move contin- uously in one direction; There are al- ways reactions in an advancing mar- ket and recbveries in one that is de- clining, and the chances are that the present seeming reversal is only tem- porary. The heaviness :in the high-grade STEAMSHIPS. 2 Barmuda a D FURNESS BE 34 Whitehall Strest, New Y. A Theilling ,, Vacation y Tours #9722 for steamer, Hotel Booklet Write RMUDA LINE Touriat Agent todt ek, or any Local ¢ Hotal, Berrar location. Unsurpessed % ey e T 10 Days-$140 up 17 Days-$195 up modern and Regular Fare One Way $85 up. Round Tri nn\ ‘THROUGH FARETO MIAMI VIA HAVANA $100. Mezico City, One Way $105. Rond Trip $185. WARD LINE oy a.g’.l. John mnnr-fi . | seems 1l 18 | something else. been the foreign. group, Here the average price is only a'shade under the record high, not only for this year, but since foreign dollar have been dealt in on any large scale in the American . 1o logical considering lapse in French and Belgian paper cu 7 + al 0 of French and Belgian dollar bflnrrl: &s ‘much of & mystery as sver. One suggestion is that if the ‘franc goes the way of the mark, and the French internal debt Is wiped out the way indiffere: these happent stable currency whether the umit is “To- establish a new currency or: tostabilize the old, she must bave foreign credits. The only place she can obtain these is America, and that market would be closed to her if there were any d- Seceult- on her outstanding - dollar | s oans. 7 That individual investors still have abundant funds at their command is the inference from the way the new stock being offered to shareholders by rican Telephone and Tele- graph’ Co. is bel absorbed. The report, unofficial but genérally’ credited, that the Standard Ofl Co. of New Jersey is about to. retire its. pre- Console Table “Prices Down After Early - "Rise—Go Up Again. By the Associated Press. NEW YORK, July 17.—An early ad- ‘vince in today's cotton market was followed by reactions owing to pros- pects for favorable weather in South. December Teco! at 17.29, compared with 17.25 at the ¢lose yesterday. The general closed steady at net advances of 3 to 7. points. > - The open! vance of 8 to 8 points. Active months soon showed net advances of 9 to 11 seemed to market. .This, 100, | ook firm cabl reports of -a- better tone -in the cotton good: ‘ket. s market. October-sold ‘up“to 17.36 and Janu- “also advanced to- 17.36, but at This carried the market back to about yesterday's closing' quotations, but e te| ferred stock points the same way. to finance this offer of additional iption rights to holders of Standard.of New Jersey common. If such an offer is made, there is no doubt about its success. There is plenty of money ready to assume -the ' risks’ of ' partnershij ‘Whenever a bond e 1s offered wit! a conversion , or with war- rants to subscribe for stock, it is sold_overnight, ' another illustration of, the ‘same. ition. ' there were railies of a few points in late trading on renewed covering. Private cables attributed the ad- vanee in Liverpool to active trade calling, limited spot offerings and an mlmp‘wln‘ trade outlook in Manches- The amount of cotton on shipboard awaliting clearance at the end of the at 62,000 , Some of the forecast .exports for roximately 8,140,000 ‘bales, comj with 8,261,000 last year, New York Cotton Exchange fig- ures. ’ M. L. WILSON RESIGNS. Bureau Chief in Agriculture _partment Returns to Montana. M. L. Wilson, for the past two years in charge of the division of farm man- TILTED MOON-BELIEVERS SET RIGHT BY EXPERTS Weathér. Buresu *Shows Where Luna Can Tip as Far as It Likes ‘Without Bringing Rain. “One of the commonest and Mke- wise one of the most unreasonable weather superstitions,” say the Weather Bureau, through~ an an- nouncement by the Department of Agriculture, “is the belief thut if the horns uf the new crescent moon tip downward it is a ‘wet’ moon, por- tending rain. “Near the Equator,” the anneunce- ment continued, “the position of the young moon never makes an angle agement and costs, Bureau of Agri-| omics, Department of the moon s, according to the proverb, always a ‘dry’ one. ~“The final absurdity is the case of the crescent moon as seen from the -| North and South Poles, where it al- and its larger research program the college to request his immediate H. R. Tolley, who has been assistant to Mr. Wiison, has been appointed in charge of the division of farm man- agement and costs to succeed Mr, ‘Wilson. GERMAN SHIP GREETED. Cordial Welcome Given Hamburg by Planes at Honolulu. rts to the War Department show that the cruiser Hamburg, the first German warship to enter Ha: waters sinee the World ‘War, received a cordial welcome on its recent visit to Honolulu. The Hamburg was escorted into the har- bor by naval planes flying in forma~ tion over the vessel, while an Army plane, soaring high above, took photo- graphs of the visiting warship firing broadsides in response to the salvo of salutes from the shore batteries. The report remarks that the official recep- tion to the Hamburg “was significant of the developments which have oc- curred since the days when German v‘essels were frequent visitors to Hon- olulu.’ ways is what the describen as ‘wet,’ for at those places the line jolning the tips of the crescent always makes an angle of less than 25 degrees to the vertical; yet the fiolli' regions are characterizéd by so ttle precipitation in the form of rain and snow that they rank among the arid regions of the globe.” S iy TROOPS DRINK LESS BEER British Canteens Note Gain in Use of Coffee and Tea. By the Associated Press. LONDON, July 17.—Beer is losing its popularity in the canteens of the British Army and Navy, recent sales figures indicate. “The sale in beér canteens has fall- en off about per cent since the war,” said Col. Cecil Fraser, an offi- clal of the Navy, Army and Air Insti- tutes, which are responsible for cater- ing in the services. “The men are eat- ing more and drinking more tea and coffee.” Col. Fraser attributed this decline in beer drinking to a great improve- ment in the food served in canteens and the facilities offered to men who want to play games, write or read. Sausage and mashed potatoes is the most popular dish in the canteens Liver and bacon comes next. Peter Grogan & Somns Co. CGROGAN'’S 817-823 Scventh St.N.W. Since 1866 Thousands upon thousands of dollars’ worth of fine furniture have been sold at Elearance sacrifice. There still remains a staggering amount, marked at great reductions, to go in the great Clearance ent. final weeks of this EASY CREDIT TERMS and Mirror, $9.95 - An attractiye Semi-oval . Console Table, carefully fin- jshed mahogany, and a hand-- some Polychrome Plate Mir- ror, 14x28 inches. Night Stand $345 “ Top: 16x16 inches, with ~.shelf. Mahogany, walnut and oak finishes. Veneered ‘Dining Clearance Sale Price. .. + {An attractive'and well const i graceful buffet, 45x54 oblong ex- ish. mprises high_lighted fini . An ideal suite for small di $195.00—10-pc. -‘Walnut $235.00—10-pc. Walm tension table, 5 side and armchairs with tapestry fectly matched, and a-beautiful 50-inch polychrome buffet mirror. ng room or apartment. Veneered Dining Suite, $157.50 Veneered Dining Suite, $197.50 9_Piece Genuine Walnut $ Suite. ructed suite of petiod design with ts. All per- - $413.50—10-pc. Wlln\lt Veneered Dining Suite, $365.00 Cedar Chest, $975 A Spléndid Chest of gen- uine Tennessee red '‘cedar. icely finished: -/ 4-Piece Genuine Walnut Vgnepre;l;Badrqom Suite— A suite of genuine walnut wood mfi; du Vl_nfkyx;: mtn"o robe, l:;e“ir::smld soficdmpmel $199-50 $147%0 Davenport Extension Table Cléarance Sale Price $29.75 Closed, 22x48 inches ; open, 36x48 inches. -Beautiful de- sign with genuine mahogany top and birch underpart. Mahogany Veneered and Birch Davenport Talble. 310.75 Clearance price ... Decorated Cup and Saucer Complete, 15¢ Several pretty designs of glazed porcelain. A ‘special bar- gain of cup and saucer to- gether, 15c. 2 No mail orders. 31-Piece Dinner Sets, $2.95 . Prettily decorated glazed sreelain, consisting of 6 rge plates; 6 small plates, 6 fruit dishes, 6 cups and saucers, 1°open vegetable : “Com Storage” _Refrigera tors