Evening Star Newspaper, January 8, 1927, Page 26

REAL ESTATE. THE EVENING STAR. WASHINGTON, D. ATURDAY, JANUARY 8, 192 MASS PRODUCTION Dairy Farmers Warned High Prices for Qutput Spurs Margarine Sale. BY J. C. ROYLE. Epecial Dispatch to The NEW YORK. January i being placed o production and stabil er before. It has 8. tress the f mass ces today thar reached the farmers in no unce torms. They are being warne high prices for hutter 2 margerine sales and is Whehecked, 1t will he difficult to lure customers back to the higher priced articie. Since dairving was the most profitable of all ltural pursuits in 1926, the warning is not going un-| I an. normally supposed not »d to meterological joicir over the it has been to the to the he ecity 1 take conditions. is use sections nd livestock rs have at la part of their prosperity on farmer buyving power is large and the or lik (ffect the movement of south of the equator crons imm unfav the crops rd Expect Sales to Gain, factor re gettin nroduetion in 1 demand which “The automobile into th wine of paration the s 15 regarded as sure to follow the Ne York show next w ind_the su quent exhibits in Detroit. Chica other trade centers. Parts makers are ready on full production schedules. he tire mam wrers arve beinz helped by added revlacement demand. but profit ms r some companies are very slisht. Crude rubber quota tions have var'ed littl "he produc the steel mills present is passir it into consumn. tion and this i< producing a favorable sentiment with regard to future ac- tivity, The prices a continue despite activity which Jumber, cement ord In the more lumber was monnfactured nce 1914 the total being million board feet. Unfilled rders continue to decline. Cuban suzar harvest is now on and already a la number of mills &re grinding. | re firm and the demand seems | to be very h The California fruit nack in the In vear amounted to 20.974.700 ca and ihere is every indication that large pack will be presery and other ses in 19 course, will z il ts s stability of 1 labor ec the has ems likely to <onal drop held down ne and structural steel last year. however. ices 1y tnz. Surplus_ stocks minimum and production sche are now being arranged so the of excess supplies is minimized. Con- Rurner buying is active. The favorable | results of annual white goods sales is an encouraging factor. Woolen and worsted fabrics are showing » steadv gain and contracting for Spring silk | £oods is beginnin to develop e umers are mercly keep | bly covered on nearby v ra, while the statistieal position of the metal is favorable Arading is dull and price movements Jethargic. Similar conditions exist as to zine »nd lead. Railroads not onlv are maintaining their accustomed high ansportation of freighi, hut passenger-carrying husiness runninz exceedingly heavv. Retail trade is slightly heavier than in the corresponding period of 1924, anger FIRMS ARE UNITED. i NEW YORK, January & (P).—Al Hed Chemical and Dye Corporation has acquired the Steere Enginee Co.. Detroit. and has consolidated with the engineering and tion departments of the Semet Co.. a subsidiary. intv a new compa known as the Semet-Solvay Engince ing Corporati The Semet Co. designed and installed th by-product coke oven in Ame! overates plants in various Tnited State SAYS STATUS IS GOOD. 3W YORK, January 8 (). Erown. president of the United State Tndustrial Alcohol Co, and the United States Industrial Chemical Co., sees a reassuring cgmmercial _outlook for 1927 in this industry. Firm markets, coupled with intelligent buying, have prevented the huilding up of over- Jarge stocks by wholesalers and retail- ers, placing both in an enviable 1 tion with regard to inventories commitments. REESER OPTIMISTIC. NEW YORK, S @) banner v for industry )n\ 1927 is forecast by R pres- fdent of Barusdall He | it in | enim, products sumption, together with | in oil procuction, which, will be 15,000,000 barrels | of consumption, and will have | to be drawn from ex ground, Jan th oil DIVIDENDS. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ABERDEEN Y.og prices in the No advances have better quotations since the sho and sproce owing to large orders from pulp mills DETROIT-~The Columbia St nas closed its Mount Pl it factory after slicing 67.000 tons ugar heet: or 19,000 less than in 192526, Despi unfavorable weather only about s of a total of 10,000 planted to r Leets remained unharvested. The the past week established a new record | for 24 hours of production with a flow of 166,000 barrels. ANDGE, for Md.—Shipments hanksgiving and 1d New Year holi s district by at least $300,000. KANSAS CITY.— The t ship- ment of wheat flour ever to leave Kan- sas City is now on its way to the Navy Department at Philadelphia and Hamp- fon Roads. Tt filled a train of 33 cars with 2,000,000 pounds of flour. of re | rallied doliar | motor vehicles in 19 | ma | with ting stocks above | (& Seminole field during | ] . 'STOCK CHANGES D REGARDED AS IMPORTANT POLICY STRESSED Bond Market Is Fulfiting Most Optimistic URING WEEK Expectations, With Surplus Piling Up And Money Rates Dropping. BY STUART P. WE Special Dispatch to The Star NEW YORK, January S.—Prices | went down on the Stock Exchange in the carly part of the past week and toward the end. \Whatever | the opening period of 1927 will | be remembered by. it will not be th small and not at all important fluct tions in stocks. The main happenings have honds. Here the exp months past is fulfilled. the crop-moving func on top of evervthing else which | the money situation so easy in immer and still higher ajues than b ave | prs vis i ke e of va | wi ern clse &ra heen in o we ion of | What | comin; back Autumn e hond any vet reali in zoing to do with the which will pile ite monow What big moi at the reserve ¢ We evidently into trade expansion i 1d exnort no possibility runs up throuzh nore securities were Many more fore ans will belicved, be in the Amer market 1o course of tak But the tion has not yet | will reach the items sheet cou on? | su ot we moven £ this 1 the sile it bala Thy of | ste it i d with n 11 balanee . favor and necessitate al s by way o in our shipments on qualization Money Quotation Drops. 15 a word, the likelihood of in fundamer seems remote by many to pri on on ind artitic - reduct rate jut the finally asserted it loan quotation w 413 per cent. Bids of with offers of 45 on 2l class 1 time 1o 1ave been the prev market for the last month. Bu s being asked. what w in the investment marke per ce vel were broke f 412 the rate hecame 3% 7 al average for bond price since before NORMAN COMING TO U. Governor of Bank of England Plans beon made | WE call money market I Wl the ped fron 41y “per suld if | ou nd | € happen !nn 41 ar ne Visit in Fortnight. YORK [ to th nited fortnight, it series of Janu, & within rned y ices with While no official forthcoming, is expect Street that he will wind up the 0 credits extended to the Bank | P nd in May 1925 for support ing exchange following upon ain's return to the gold | standard. Of this sum. the New York Federal Reserve Bank extended of §200,000,000 and J. P. Morgan & Co $160.000,000, but no use ever was made of it. AUTO OUTPUT HIGHER. Record | L ope roa hol Pa Dro Twenty-Ninth Annual Made in 1926 by the Trade. NEW YORK. January 8. (P).—Au tomobile production in the United | States v ached a new peak in 1926 te lestablish its twenty-ninth annual rec- | 'Y ord, the National Automobile Cham- |31 ber of Commerce announced yester = day. The i | an Ga ton ion 4.4%0,000 . with a value of | itly in advance of | the figures for when 4,336,000 | chines, with a value of $: were manufactured. total produ of the $3,056,950,000. is U fex crease of 3 per cent over the | co. total export figures for 1925 also was |y noted, as 500,000 machines were ship- | ped to foreign countries. Closed car continue to increa in popularit. continue to incera 74 per cent of the output manufactur- ed were composeds of machines of this | | type. . fof ie truck” industry in with 530,000 in 497,452 in | showed. ched a new s compared | the report | re 14 LEAD RECEIPTS LOWER. |,/ NEW YORK, January 8 (#).—Re- ceipts of lead ore in the United States | during November totale | 47,981 short tons, against 48.881 the | month befora, the American Bureau md 119 l As for 50 the ady 1 lire up | The co bus threc the 1 No chi 904, | g $13 PITTSBURGH, y 1 7.40, 4 further downwi ‘mizht .stment it the war. Any fon in money Il higher inv nething like this t t of the last week | for. with its e rument Tustrial United St my and the estic corporation their best of last year n range. It hond m heen gettir \r snapping up department uritic high tiion se hile maintaini iment obliz e of d i up to dy. concern cur n franc Abil European Currencies St wrthor occurred bilization of it Nothir 2 the 1 wetical caus purpe have 1 around is that both heen unofficially their prosent ing ceased 1o pport from government or bankin pces has heen needed. Al that required L restoration conditions as they wer wtomaticaily ich had taken figu and 1 ago tidence in en the liquidation spped and eapital w oth lide the > in the 1 in the finan bond market can say for the jon is that the averag: is L Wy, The index number January 1 was slightly above that December it the difference s trivial. As compared with a yeu ) it was down 4.8 per cent. That e commodity price level upon ¢h o much depends as a basis for iness advance is still low. 1T the it 1 unusual riow, is certainly with its mere verk busi cen as a sui heen s uninter orld as it has Id_outside t th we co situ 1S for 1926 were then the sam> the 1927 lower prices. sional operators at ¢ experiments the teome w watched beciuse so far durin weeks cvery mot w the out « ru re for start of *rofe with ste the 1 with the made e of rils last o market t eded S. SOUTHERN PACIFIC returned | | basis for | organ; {er for fon the same principle sibilities During the pai the Government the es to borrow nd buy ernment obligations. Payment |||ll1|1 in convenient periodic || install ments. In_general, the | ment pian it the fied: of has been little availed [war. Many bucketeers | fakers exploited public the scheme by applying own nefarlous purposes of enforced rétular saving is g and should be more widely used Fvery one can under present ditions arrange to save on the tinl payment plan in @ varie ways First, by | suranee compan will becomn fied num Payments for this \ Series of remittances fied times. + of rise has be opens up new pos n in teachers’ next in building wages, and ical wages. Taken on a 1919 base, & ages are now | much low ad and unskilled | Tabe little higher and e out 20 per MEN By |I (Copyright AND MONEY RnA vser. 1 Liberty m factory higher w iRt Aokt Biyan westme mf [opment labor banks Bled StTe idly in number and in resourc 7 labor banks of the country Zate rescurces in exce 00, Has the o the sa been u succe I asked several presidents {operative labor bunks this question Preas 1. Snyder nt of the 3otherhood of Locomotive Bngineers Title and Trust Co. of Philadelphia said In my judsment labor the United States viewed o statistical standpoing thus far because | cumulated a large voluni |in itutions well and managed and it has provide | for a_certain group in the who have not hevetofore | isting bunks Onl, labwor nks hav { in operation for slightl | vears, it is as yet top early to say | Whether or not they e heen a suc cess viewed from the standpoint of so | 1sing labor's fund 1s to entitle unions to o place in the directorate of cor | porations financed b such n Phey do not appear to have reat progress in securing representa tion on corporate directorates or in| Iy is building up the security distribution | o power which enablex o banking house | (orn to command such consideration from | ¢ the industries whic Such | tor of things do not come md | he 1 ~ix vears | s a s ent ions ging thrift members Wages One-Third Higher. ¢ “Taken the | country at one-third h the war | average for bove multiplied ap The | have the wagze time, the nt som| of 1t composite or th nearly close of Jove the per the s a whole, 12 the pr t her than at ut 6 per ¢ 1920, and the averaze v pnfiden: it to But the idea in e shows ve d precinets of ¢ 57 | cent 2 Tow pain n of has, of o ative 1d worker the the immense the wa ‘cost of v havin three years probably time in the last difference betweer 1 the vears im the war ber cent. This must odd million ws country a diff power of not Lillions annually far to expla payments of $1 boom and huge | tributor to a princiy nd other thi 12 yes In other uxuries.” interest ra » to explain the will in the United sriod an in which contracting with for an estate ilable after or at estate are 1 due at Dre een I than death ade in speci banking solely from has Deen a it has of busine profitably facilities preced is Building mdly, throug iatior to save In the bt building and iduals can un arly upward of some States monthly will entitle the con 1 sum of $200 in 5 1we cher available in in extra spending Jopulation : ”'”l'””l. | than six or eight 2 * | which, to myv mind, the prolonged buildir sales of automobi v ed also bhankin s this assoc in Infancy « the the 10 for The es durin only been g than six | “Since . Sl same be | years or less Thirdly, certain corporations. de | siring to distribute their securities g widely amonz the public, BUSINESS OF individuals of s means to buy the AHEAD. stock either from the company di e | rectly or an afliliated agency on the Building a Competence. partial payment plan. Through G5 | subsidiary, the Bell Telephone HEsan curities Co., the Ame v WL esstul to blame ex- | and Telegraph Co. makes it possible ! conditions for their plight. |ty buy company shares in a series of n who feels that he is mas-| monthly payments equaling $10 his own destiny has won half | e e of life Ik Wl resolutions frequently are lated bes Erais | will powe AUE ris Tahor THE GETTING nature the thrift- | m it finances, about rapidly hort a period nt opportunity to yurthly, a handful of good invest es will sell bonds and shares underwrite on the partial ment b which they plan. Moreover, frequently company stock on the plan The v use of mere wea in be in so en savings amons wly enlarg banks and tors in investment » distinetive pow e them which they the piace | invariably | is good for to ! e o to so | te individual ions s pious hopes with extern ivera employes of corpe encouraged easy cour their the edu o to their s the ordinary mortal, | the temptations to which| Al such arrange heir, finds it difficult to| eontract with an outside New Year resolutions to | reinforce your resolution ve a specific sum each weak money d of plaving the ostrich and | Freguently agreement ving his frs the avernge man | character will supply the ne should find a protecting bim- | power to turn irresolution into a fixed selll against his own weaker moments. | and workable purpose. assets of their dep » build up a la securities, position toward iy aimed of securing ectorates which are accorded to representative poration’s financial Another same que had For example. to tlesh © up Lo his | subje | the is in_ the origi Inste agent iflirmative answer to the tion of whether labor bank gool supplied by 1 of the Telezra RISt Saving in 1 = made Manion, president National Buank about wishi weekly or monthl cont outside ned how nding hird down for radio set. piano or aing in this manner it saving on he is seri speciiic honld n 1 in nature rweney to do to do this in payving a qu his automol it d OU’'LL BE GLAD YOU SAV YOUR MO When You Go South in Winter EDERA MERICAN ouis ¢ ke a vrom with some He | hanl n “de h two labor has crowth te S0 and, thoug osits resources ol called labor t Labor operated by X WILL UNITE 12 LINES| C. (. 0. K.'s Plan to Consolidate Reads Orerated Now in Texas and Louisiana. ermission date all of Iroad perties which it rates in Texas and Louisiana single company was given hern Pacific system v 2y Interstate Commerce Te now into the by The 1 1din cific Jperties of tion one corpor Southef % e the Louisiana_ We: uisiana aship Co., ortherr the Houstor xas Railroad 2 Charles Shreveport itral, th d West Texas uthern Iveston, and kansas Pa rmilion Railroad 1 Abbevilie th the flway Co., Terminal Co., and San An Antonio and Theria 1 ranklin owned by o he and the alread) ership is involved jon said, but a saving in counting work, amount $400,000 a vear, is commis rical and to about ‘ted. Texas and New the consolidation, miles of railroad Orleans Co will operate in the two The 0 tes. STEEL SCRAPS HIGHER. anuary 8 (®).—Prices cents a ton anging from steel s th: BANK CLEARINGS GAIN. ed those of ng House The_tot nk clearings ore than $340. 000,000 over the Pittsburgh Cleal sociation reported today. the year was placed against $8,851 e New Perfection Homes Da.ly Till 8: FEATU wak floors floor plugs clouk closet mirrored door | Nemtdcuaches | fage conerete front seven well pla | four bed chambers tile bath fuandard builtin tub built-in shower metal medicine cabinet living room n tireplace ked “Tukoma square e out Geors W i South o Teubody. Preston E. Wire Co. lnvestment Bldg excellent_zas range built-in refrigerator $9,750 up Easy Terms Directions: Sample Home, 6006—4th St. N. Open for Inspection 30 P.M. RES try with light ie board Targe closets -1 laundry trays ist. hot water heater tary wire fence. Park," get off at Peabody St in Ave. to Rittenhouse St., Kast (o —Main 2002 of hemlock | Right in price! i Right in iocation! Right in construction! Vine sold—one remains. Hot-water heat, built-in ref shower, hardwood floors, br | Price, $1 i J. DALLAS 904 14th St No. 3118 Rodman St. rigerator, tile bath with ick garage, paved alley. 3,750 lhpi Open for Inspection s en. | GRADY ', . N.W. Main 6181 the | Houston East | I beli use labor t all power revolves around and if nake in the ars Apartments for Rent 3446 CONN. AVE. New Apartment Building Now Ready for Occupancy | money {its place its dd Labor expects 1o sun. it must ¢ s we its men Castellini, preside the Brotherhood of Railway vational Bank of Cincinnati banks in the United States a success at influence in bringing about 8 j inz between cap 1 labe | Labor banks not only draw hoarded j funds into circulation. but also give | new groups orking men a_ fresh | understanding of the nature of capi- | d the probies Elevator Service enamel s with dr: built-in window ref: bright rooms with good s equipped wi kitchen cabin: -in tubs; lars Al apartments a rds attached: sanitar tors: tile bath with bu room rooms, 00 3 rooms, kitchen, reception hall and bath, $65.00 to $79.50, Open and Lighted Until 9 P.M. Resident Manager H. L. RUST COMPANY 1601 l.)lh Sl. V W Main 6888 urphy bed), $36.50 to $42.50 kitchen and bath (M reception hall and kitchen, dining alcove, bath the more intelligent | nd business leaders | sympathetic to the devel inkers in overalls, W ingmen, | are not in a position to! n desivable bank depositors nyder, brilliant statis 1 Reserve Bank compiled a new |index of wages in the United States the new stics Mr. Snyder these conclusions Taken from the low close of the war, the st are entirely | opment of of the per- | point at highest When you see these arkwood Street Homes West of 14th to 16th Street N.W. you won t carry the rent burden another month—but STOP IT NOW! The question of buying a Home cannot be a difficult problem to any one. We arrange the financing so that you can buy as you go—paying for it out of monthly income—at less outlay than rent. We built them for particular people—and more than half are already sold to critical buyers—who have compared quality, contrasted prices— and pronounce these Homes—as will you—INCOMPARABLE VALUES, NON-(,OMPETITIVE HOMES. The Only New Homes Available in This Most Desirable Location $10,950 and $13,950 Most attractive in their varied designs—and most complete in their finish and equipment—and “Lifetime” construction. 6 and 7 rooms i luge and grouped effectively and conveniently. 1 and 2 tiled baths —equipped with the very finest of built-in fixtures, Large porchesw some enclosed, others of the open type; completely screened. Wonderful closets—s i wih wiroe: doas onfire e, wardrobo: closcs:in Beautif ul’ wo0dwOrk fincst hardwood fioors and select trim throughout. nsuring supply of hot water always Instantaneous heater i e orage tnk 1 and 2 car garages {7 big. spacious garages, built-in, paved alley. th entrance from wide, Open for your inspection—heated and lighted —from 9 AM. to 9 P.M.—including Sunday. More than 1,000 “Lifetime Homes” built and sold— with hundreds more under construction to meet the demand CAFRITZ Owners and Builders of Communities 1 i nd security | their | | | | speci- | encourage | Telephone | buy ! payment | | { Class 1 rate of v n their prope neome in Nover 89, n return or a AGGREGATE INCOME UP railroads in N\ vay ope the B net rai U8K HERE IT IS, FOLKS SHORT, SWEET AND SIMPLE The best house in Weshington at the price Terms That Are Less Than Rent o acing the Franciscan Monastery High Altitude Inspiring Surroundings Tapestrs hrick exteriors hreakfast 1018, SAMPLE HOUSE 3715 18th St. N.E. Brecokland Strictly Modern Reduced in Price Near Wardman Park Inn Open Sunday 10 A.M. to 6 P.M. GARDINER & DENT, Inc. Main 4884 1409 L Street NW. Shapiro Innovation New Brick Homes hapiro standards: which al obtainable is used and all con- skilled labor and supervised by There absolutely tothing at rice. Permanently built according to our means that only tl struction work done by the best our.own construction department in the city to compare with ‘)m home 6,750 $250 Cash—$59 50 per Mo. These terms are made possible throngh the enormous building aperations of the Shapiro <nn.p.m\ and the immense amount of study p\cn to the supplying of the best material and features at a minimum cost. \While the price of these homes is extremely small, they are Iy equipped with all the latest features, including: e 1ate Light, bright cellar. Painted walls. Large lot. Landscaped lawn, 5 and 6 rooms. Hardwood floors. Hot-water heat. Attractive electric fixtures. Enamel kitchen fixtures. Garage. Tile bath. Automatic Heater 18th and Newton Streets N.E The Chevy Chase of the Northeast, restricted so as to assure lasting desirability. Open 9 A M. to 9 P.M. Drive out Rhode Island Avenue to 17th, block. Brookland bus to 18th and Monroe, for auto. north to Monroe, or, still better, cast one call offiee