Evening Star Newspaper, March 6, 1927, Page 40

' 40 STEEL PRICE STEADY INWEEK'S TRADING: | sifght though 1 by reports that | Southwest were | THY SUNDAY STAR., WASHINGTON, D. C., MARCH 6, 1921—PART 1. to any 0 CHENEY SAYS FARMERS MUST oo g g — " ’[ ADOPT METHODS OF FACTORIES!GUHUN 15 EASY T 1 8 i e ) | tic goods market, indicating Miss Mar: world and na e princi ore seasonable | . . venthor e oxs munnee ma raica| Real Fight for Destiny of | IN BRIEF SESS'UN cided increase in buying afte tional director of Loyal the comparative dullness reported earlier | ance Legions of the AL ¢ firmer the past week, al-} - A ! il e itos i [ Grower in Laboratories of the Nation. ance Leglon, sponsor Star W. C. T. U.. conducted by Elizabeth L. bee, bheld its meeting Febr Mrs, ¥ tendent, and dent of North d by the North Baltimore Markets [ ary Stout, District superin Mrs, Thompson, p. tar Union, w ®u Miss Ma B. Ervin, world and na | tional L. director, presiding, was the guest of honor The business me | with after defin for th branch nd | shown by | mothers. Miss Ervin made a special appeal for work amon the children of the « | District and spoke of the evils of in also | toxicant drinks and tobacco. nper- . left ts weather change, | was Orders for More Extended Deliveries Encourage " the Industry. ing was dispensed ans were made ss of this new interes children and in_the month | the city Saturday evening f Private cables sald the market was | in Virginia. She spent fou ues |lower under hedge selling and con- | here. A great part of her time 4 cents | tinental liquidation in Liverpool, | spent in visiting the s e and|also a moderate turnover in cotton fand in speaking before JEmE R e ‘loths for India and fair clearances | unions, young peop 1% % of prices e and moderate ite W. C. T. ups. L. clubs. today at Further Liquidation Some Southern Selling Feature Trading. dozen over Receipts | eggs while been ample which t more of specu than consumptive charac- | With the market strictly a one at thi: season of the and regular shipments nand top prices. s holds firm un ood demand ati cent a Mone nearby have nds - |at the S nghal rtions. { L,'s, churches, schools g o | The amount of cotton on ship-|12 days she addressed differe Power, Electrification and: | board awaiting clearance at the end | groups, the total attendance being 7 of the week was mated at 1,300. Her Jements were s hal inst 103000 last | b % Efficiency Real Needs, your, s 6 pointing to a con ey | tinued good &olume of exports. cotings. Just| At the e the Paneatiie N i 7 i | ociated Press. | Munchester cable advices reported ¥ " o Banker Declares. e o YORK, March Further | many Lancashire cotton mills have | {he Sty @ sllk | pledges were signed, a short program 7 er the | followed, and r shments were | liquidation and’ some Southern sell- | sufficient orders hooked to keep them | ik = (e | ing featured the brief session ¢ e | runn until the end of June | £ istrict | served by the h The meetings | i ired the brief session of th i s re held the fourth Wednesday of | Cotto Market tods Afte o) o 1431, but eased in fater tradin at tho | te Farmer, 5206 Thirteenth street, and losing at 14.2 e general marl e | St R i o Sl closed steady nes of \Webster {and 15 are invited to become mem to 8 polnts. : Mrs. Bugene Thomp- | bers, T 8 in the chair. Devo- - — tionals were conducted by Mrs, F Burger. The organizition-of a br -1-4“::"‘:‘_““'(""‘:? P oot . " | Loval Temperance Union was report- [ porciot of, the Soldiers' and Sailors reported a deficit of | eq by Elizabeth Bughee. This | gueet it w. o T 1 Youn ey § for the quarter ended Jan- | branch Is named “Tha Mary B. Ervin | paclfy [0, Cpri o Y OunE: Feople's 927 i T in honor of the national di- | ;frieh SPO Pkl letia Chririt ribed unoff- | rector of the children’s department of | b‘:‘fTrnh;]h.[ e o HoI Lvel. Inpreafejthe W. €. T. U. The program, With|4na alss before the Park View Chel & decreane 10 | the. subject “Kilow Gt Coudta oe-l oy SR SN OO0 FAEK Wiew Chets S G R cupied an hour, with two speakers—| Rhidaq fn desitons o ergantin. e e e Joseph Sanford, director of the Droba- | groups of young people trom 4 o’ tion depa f the Juve: e Co i ”, v 0! the decrease in travel. lon department of the Juvenile Court, | t5 29 Into the prohibition work and Mrs. Crouch, representative of the | | | he their {tative | ter By he Assoc i Pres: EW YORK. March 5 were very steady during the p and the industry wa orders for more extended deliveries W oq than has been ir receipts and se i months. Ingot ) 40 cents a dd output for was 5 per cent lie 1 live pot market greater than steady to firm under only fair Automobile and good demand prevailing | lef nounced fat fowl at outside quota-| T output Turkeys in lighter receipt s : spefnh» tions ins: hut mar, | had been saved from economic were being anticipated a pound Bteel work was increasi inds and cators, hookings for young gobblers, | estimated at 16 per cer but old toms at 35 and poor and in January Pig iron was rooked breasts at 25 are not nearly all centers. Small orde tive. Young chickens in light receipt received for sccond-quarter shipment,|and good fowl is wanted at full quo- Copper _has shown cor N ons. ness. leavy sales produc during Februa both here and in PULLMAN HAS DEFICIT. | Decrease in Travel One of Big Rea- teady at de- | . in response to | v Liverpool cables. | Liquidation was much less activ after the heavy selling of the past | mar two days and initial o s seemed 3010443 to be readily absorbed by covering a1 , and trade buving ; “ S ana Prices steadied up in iy | March advancing from 1 {and October from 14.63 to | gains of about 3 to 8 pol more | and tapered off during the pmentf noon, however, and the market e RUKEYSER. | Pt s breathed a sigh | f when President McNary-Haugen BY Economic relief the bill. rejoiced | Market for duck e | deavors while here. ey ; several bruary January manufactur 1l increase March and I cont | The North Star Union me | home of Mrs. F street, March 1 son, president, of Coolidge try & vetoed farm re- at The opening ine of 1 to clatively easy in the because the country | “folly | Even if vou agree that | the proposed law | Iversaries assert, you must recog- | nize that the question of farm relief | still In o recent 0. H. Chen serted th sons for the Loss. CHICAGO, March 5 (). the natlonal 1cts tural fabri were r than dy in steel : The Pull- | ket and fallacy for | | | I holds steady at 4 voung hen turkeys 9 ver, and 38 to 40 for {man ¢ was as unsound as its nsequenc 5 to 14. 14.6 challenges solution. address in Chi New York banke was no farm proble brought a letter fr nker and Farm 0 80, tirm ; to by Chicken Market market holds firm n. and The only answer mech: 1l is The eq s Europe, appear to have improved their position and there has been evidence of continued export interest, accom panied by reports of increasing con. sumption and diminishing warehouse stocks abroad. Reports that one of companies. was curtailing production at the mines may have had some ir fluence on sentiment also, but the d mand for domestic consumption ha shown little, or no improvement. Sale: of electrolytic have been reported at the 13% level, with productions gen erally holding for 131; cents at the end of the weel Tin prices declined sharpl & result of the disappointing stat sition. A rally followed later ndon and a reity of spots, Lead was advanced rather sharply by one of the leading sellers in the East, owing to the higher position at London, continued good demand and the fact that some producers were being booked for March and April, Zinc was steady. Consuming de mand was fair, largely for prompt &nd all March shipment. Antimony was easier, with quite offerings to consumers for June arrivals. SUNDAY IN PAPEETE IS BIG MARKET DAY Flaming Colors of South Seas Re- flected at Marts of -Tahitan Natives. By the Associated Press PAPEETE Tahiti, March Sunday is the big arket day to Papeete. Then the mart of trade re- flects most fully the flaming colors of the South Seas, particularly if on the Saturday preceding a mail ship has arrived in port. ‘A week end docking means an all- night dance ashore, swinging into ac- tion about 11 o'clock and continuing until broad daylight, when many break away to go to the market. Attractive half-caste Tahitan girls are to be seen in their gayly colored but simple dresses, which they wear with the chic of the Parisienne. They mre dancers of grace in limb and movement with their high-heeled shoes, and here and there a flaming flower entwined in the lustrous, wavy black hair piled high upon the head. The natives arrive from the coun- try bringing fresh fruits during the late afternoon and night, arrange thelr stock and go to sleep on mats spread in some adjacent building. Just before 5 o'clock the Chinese truck gardeners appear with th molds of freshly cleaned vegetables. Then come the native fishermen with strings of glistening fresh fish caught during the night. Last of all come the men with fresh meats—and the market opens for the day. The dancers stand out colorfully as the buying begins, the patrons having come in motor cars, more in rigs and a large number on bicycles. Cool mornings the women wear brightly embroidered Chinese shawl By about 8 o'clock the day’s trad is done. Sunday, being a feast day, there is a wider variety of foodstuffs. . 250 PER CENT IS JUMP IN INCOMES OVER 1909 National Bureau of Economic Re- search Issues Preliminary Es- timate in Survey. By the Associated Press. NEW YORK, March —The income ot the average gainfully occupied American is 50 per cent higher in pur- chasing power and 250 per cent higher in dollars than in 1909, according to a reliminary estimate by the National ureau of Economic Research. The bureau’s current bulletin shows that in 1926 the income of gainfully ocoupled persons had climbed from ap- proximately $800 a year in $2,000 a year in current dolla $1,200 in 1913 dollars. There was al- most no change in the dollar value be- tvp:n 1908 and 191 r capita income is shown to have inoreased from $300 to $800 in current and $450 in 1913 dollars. National in. eome rose proportionatel from less than 30 billions to 90 billions in cur. rent and nearly 55 billions in 1913. These figures are preliminary, based tes, numbers of employes, and other indicators. Final estimates are ordinarily unavailable for nearly five years, and the last esti- mate of the bureau was for 1921. NEW YORK, March 5 ().—Operx Mons of the New York Telephone Co. expanded still further in annual report showing gro tures of § 000 for additions and replacements and a net gain of telephones for the ye of the vear the operated 2,596,552 stations in York State, northern Jersey a & emall part of Connecticut. Total operating revenue rose to $183,855,466 from $162,882,666 in 1925 end net income to $26,701,702 from 19,024,733, Dividends amounting to 24,073,699 were paid in the vear, . OIL CUT IS MET. TULSA, (P).—The Prairie Co., largest purcha. ofl in the mid-contines met; the reduction in oil pr iast night by the M Corporation. This foreshadowed oeptance of the new scale by chasers in the area, it believed. The cut averaged about 24 cents a barrel, depending upon the gravity the oil. post all pur CALLS PREFERRED. NEW YORK, March 5 (®).—Public Service Electric Power Co., New Jersey, hys called its 7 per cent pre- ferred stk for redemption on May 1. at $116 a share and accrued divi- dends. | scarce, and meet good demand pre ooth chickens at for Leghor; stock is chickens for , and le at 28 pounds and under, with ready sale at 3%a42. Old hens have been in more ample receipt the past week and with demand more easily satistied the mar ket rules a shade lower at 29a31 for stock weighing 312 pounds and over, but Leghor nd lighter fowl will not bring over 25a Old roosters in bet- ter demand, at 20, while capons con- tinue to meet with ready sale at 3336 Mar Winter 213 ket for ducks holds firm under ceipts and good demand , 4 pounds and over, 28a34, I and poor ducks are not wanted at 23a25. Guinea fowl and pigeons in good demand and under only moderate s the market holds firm at each for the former, and 30a35 for the latter. Demand for dressed poultry limited at this season of the year. Receipts, however, continue light, and small to medium size hen turl ight lot of chickens and I capon, are the principal lines wanted and move out quite readily, but capons are the only line that will bring a premium dressed over live. Produce Prices. Receipts of white potatoe and with demand only fair the ma s easy at last week's values, but ces generally in buy 0a2.75 per 100 pounds foi well graded stock, while No. f-the-patch not so de .25a1.50. McCormicks and red potatoes, however, will not bring top values S y 2 et for sweet potatoes and yams holds steady with little change in v. ue, but top prices of 2 ba rel for sweets and yams are obtainable only on good dr. stock. Overlarge as well as dir stock are slow to move out at inside values. Demand at present better for sweets than yams, Demand for native and nearby gar- den truck has shown some improve- ment the past week and while values are a shade higher it takes first qual- ity stock to bring top prices at the following quotations: Broceoli and kale, 2.00 to rel; carrots, 4.00 and 5.00 100; onions, 1.75 to 3.00 per 100 pounds; oyster plants, 4.00 and 5.00 100; parsnips, 40 and 50 basket; spinach, 3.50 to 4.00 barrel, and turnips, 50 and 60 basket for washed, and 35 to 40 for unwashed. Live Stock Steady. The live cattle market rules general- ly steady under light receipts on the by bar- olia Petroleum | ac- | wharve but with the Lenten sea- son at hand demand is limited and ntered on first quality stock. There not much call for common to ordi- €ir | nary cattle which is slow sale at in- side values. Quotations today at Light street wharf: Beet cattle, first quality, pound, 8 to 9; common to medium, pound, 5 to 7; bulls, as to quality, pound, 4 to 6; cows, choice to fancy, pound, 5 to 6; common to fair, pound, 2 to 4; oxen, as to quality, pound, 3 to 5. milk cows, choice to fancy, head, 50.00 to 75.00; common to fair, head, 30.00 to 50.00; calves, veal, choice, pound, 14% to 15; ordinary to medium, pound, 12 to 14; rough and common, pound, 9 to 10; small culls, pound, 9 to 10; sheep, choice, pound, 6 to 7 old bucks, pound, 4 to 5; com- mon, pound, 2 to 3; lambs, fall, choice, pound, 131 to 14; fair to good, pound, 10 to 12; common thin, pound, 8 to 9 hogs, straight, pound, 12 to 123% sows, pound, 9 to 10; stags, pound, 5 to 7; old boars, pound, 3 to 4; live pigs, pound, 18 to 20; shoats, pound, 15 to 17. Market for dressed hogs is steady but quiet under moderate receipts, largely of heavy overweight stock which is not desirable and v rt somewhat lower and prompt shipments to bring top values. Quota- Cholce light welghts, per 6; medium, per pound, per pound, 10 to 12. in Quotations red Winter 5%; No. 2 garlicky, spot, 3 red Winter garlicky, eason spot, 141%; spot, rn—Domestic No. 2 spot, 81; No. corn, 4.00 per barrel. new, 57a58; No. 3, new, , 1.00a1.05. 2 yello 3 spot, T Oats— CHICAGO STOCK MARKET. By Special Leased Wire to The Star. CHICAGO, March 5.—Following is 2 high, low Sales 500 Adams Rovalty. . 100 Am States A. 600 Armour A 150 Armour 11l 30 Assoc Iny Co. . 900 Auburn Motor 90 Beaverboard A oid 38, 4 58 14 224 il .. B3s E 3703 100 3 70 Beaverboard 80 Bendix . . 875 Borg & Bec g 5 Brach & Sons. . 500 Butler Bros 50 Celotex pid 0115 90 Cent P S Del. @ 181 10 Cent 11_P S pt 90 525 Cont & S West. . bl 500 Cent N e o pid Jiamond Match. 1101 ec Household.. 1 L Dredge. 1 g Switeh o 108 & M Pa 100 Mid Ut pid 170 Mid ¥ 1000 Mid Wesf 60 Montgoy e 78 b riront orth 20 No W 500 Pines ake Reo Motor .. So Folo Pow ‘A 1800 Stewart Warner . 595 Swift A C 150 O 100 Total sales. 18.000 shares. 5 BONDS. 10000Chi Cit & C R bs B8 1000 Chi Rys Ser B s 374 37 1000 Comuon Ed 1 58106 106 but poor and thin | lues of | 4 | whom he has ridiculed for v ? | carefully an. who related th could tell the big hat the winner sl t a dog. they were about to match their 1 minister ne along, and inquired what they - were doing. Upon learn- ing, he appeared shocked, and assert ed that he never told a lie in his life Both boys promptly agreed that the minister. should get the dog.” The letter writer drew this moral “I sce that you say, ‘there is no farm problem.” You certainly ought to get } the dog. Endlessly Complicated. Mr. Cheney is one of those who be- | lieve that no simple formula, such as | the MeNary-Haugen bill, could solve the problems of the farmers, which he believes are endlessly complicated. “There is no farm problem,” ex-| plains the man, who as superintend- | ent of banking under former Gov. | | Hughes wrote the banking law of | New York State, which has since served as a model for others. “There | \re almost as many farm problems as | there are farmers—certainly there ar as many farm problems as there are | farm crops and as many as there are farm sections. What is known as the | farm problem at any given time is| the problem of the noisiest group. And the amount of nolse is not neces- | garily proportionate to the value and importance of the crop. “The competition between the v ous agricultural sections of the| country has been continuous sinc | the landing of the Pilgrim fathers The old pioneering has gone and is now only a thing of the movies. But | there is a silent pioneering which is | fill going on—the frontiers are stil moving westward. The old covered | wagon still passes over the prairie- but it is a ghostly wagon of economic | statistics. “It is as accurate to say that there is one farm problem as it is to say that there Is one farmer. As long as we lump all the farmers together, we shall never get anywhere. Of cour: there are some problems common to many groups, but we must recognize the differences between crops, between sections, between the results of nat- Qral causes, between efficient and in- efficient farmers. If there is one farm problem it is that the farmers have too many friends. The principal farm crops of the country are investi- gation and legislation.” Some Claims for Attention. s a New York banker, Mr. Cheney might be disqualified as a ‘“dirt farmer. And vet he has some special claims for attention. He is a native of Tllinois, and at present owns three farms in Colorado. In_telling me about his farms, Mr. Cheney said: “Sometimes I make money on them and sometimes I don’t. This year potatoes are planted. ~Other years wheat, rye and other heavy cereals. They are cultivated by renters. Mr. Cheney, who stands out among bankers because of his ‘candor and capacity fo picturesque expression, was president of the Pacific Bank, which was absorbed by the American Exchange National Bank, which re- cently joined hands with the Irving Bank & Trust Co. Mr. Cheney is now Vice president of the consolidated in- stitution, the American Exchange Irv- : Trust Co. I he farmer in the United States, said Mr. Cheney, “is not radical. He is| like a child, and needs to be led. He| does not want money from the Gov.! ernment, but leadership. The work of | the Department of Agriculture should| be extended and amplified. On the| other hand, the farmer should be en-| couraged to take more interest in| what is already available in the way | of helpful information. Some farmers | are lazy, being disinclined to work | continuously to improve their status. The average farmers work hard only for a short time each year. Mr. Cheney does not consider the problems of the farm particularly novel. “The farm As ari- | | | problem,” he declared, | “is only the curse of Adam. It is as o0ld as the farm. Man has always had to wrest the fruit of the soil against the strength of natural forces. And al- though man has devised new and powerful means of beating nature there will probably always be some defeats. The farmer and those who| have worked with him have met drought with irrigation; thev have met sofl poverty with scientific ferti- exterminators; they have met deterior ation with refrigeration; they have met sofl povewty with sclentific ferti lizers and rotation: they have met 1so lation with communication. When &1l the forces of nature have been met to the limit of human possibility, fur. ther protection from loss can come only through insurance. Fought in Laboratories. «I believe that the real fight for the destiny of American agriculture ix being fought in the laboratories of the State universities, the agricultural colleges and the Government depart ments—not_in the - Legislatures. Al ready the farmer is producing more crops on less land and with less labor than he did 10 years ago. And for that he has to thank the college professor : the ‘book fawmer, the ‘test-tube farmer’ and the ‘microscove farmer,’ | Acs | “If the farmers of the country read | and really followed their | | farm papers the farm problem of the United States could probably be | cut in half. There is probably enough information in the farmers' | bulletins published by the Federal | and State Institutions and depart- | ments to solve most of the farmers’ technical problems. It isn’t that the | rt and science of farming are sof mysterious—the big farm problem is | how to apply what Is already known Scientific research properly support- | | ed—not only with money, but also | with confidence—is the real ‘farm ald The farmer protests not only aghinst low prices for farm products, | | but also against high prices for what he buys. If he can cut costs of pro- duction and subsistence he can in- crease his profits just as well as by getting _better prices for his prod- ucts. One answer to the problem of the farmer's 75-cent dollar is co. operative buying. A good bezmnlfi has already been made. “The cost of farm labor has fi creased as its availability hi de- 11 these are only eleme: r inev le ization can far duction methods production become, ication of the farm. | ts in the the indus It the off to rm pro- | | n of 'ws {rom the South, March liquidation 14.10, or 8 points {in late trading and c use the | lowest, while later industrial reactions of farm mus high leve! a factory. ome proces er is to cut he must have cut The s possible f: costs, which cos far of the early bu | again later on the favorable w and months 8 to 10 points from the of the morning. $15 A SHARE EXPECTED. NEW YORK. March (®).—The | forthcoming report of Youngstown | Sheet & Tube Co. for 1926 is expected | to show more than $15 a sHare earned on the common stock, against $12.38 share in 1 | Fede | court Marlan spurt sold | lower, at the showed a tarch net ed WOl who was Lewis Jac| ving may tion of Churches McCoy were served by the hostes Helmick, Mr: The Rock Pile. Mrs. Hall, | From the Science and Invention Maga by Mrs. Charles| First Guest—These are Edgar Henderson, Mrs, | hard as stone. son and Mrs. Grace Sanger. | Second Guest—Sure, didn’t you he r say, “Take your pick,” whe d them around? in tion to | Di t. Mi Refreshments rk in the sang assisted cakes Joodyear’s new-type All-Weather Tread— especially designed for balloon tires Al World’s Greatest Tire! Here you see displayed the great- -est tire combination ever offered to the public: The famous SUPERTWIST cord structure — With the new-type All-Weather Tread. Exclusively Goodyear’s—another Goodyear triumph! The first big advantage you will get from this new tread is trac- tion. Safe and surefooted, the sharp-edged diamond-shaped blocks in the tread’s center seize and grip and hang-on. Thesecond bigadvantageislong, slow, even tread wear, as posed to the “cupping” and “pot- holes” until now characteristic of wear in balloons. The third big advantage is free- dom from structural failures and similar troubles, such as casing rupture and shoulder breaks. Major benefits, these, proceed- ing from the new-type semi-flat tread with its heavily ribbed All- Weather pattern, and from the amazingly durable and elastic SUPERTWIST cords of which the casing is made. GO We tested this tread under the harshest kind of conditions— picked it finally from eighty sep- arate and individual designs as outranking them all-and proved the tire’s traction, wear and s in the lessons learned in the operation of the Goodyear tire-testing fleet last year over a total of 5,400,000 tire-miles! This new Goodyear, with its new- type All-Weather tread and SUPERTWIST casing, is the great- est tire Goodyear ever e and the crowningachievement of the most ive tire company in the world: —the company which has never been halted in its onward sweep to leadership and which in recent years has steadily increased its pace —awhich has made and into service nearly 100,000,000 tires, millions more than anyother maker —awhich alone uses nearly one- seventh of all ufzhlf cruddc:e rubzi,r produced annually on the ea almost 50% more than any other —awhich everyyearfor thelast ten years has made and sold more tires than any other company in the world —awhich focuses on developme. chemical research and servic. work thelargest engineering body of its kind —which operates its oun cotton plantation, textile mills, rubber plantation, coal mines, factories and branches, to the end of deliv- ering the tire-user the greatest possible value for his dollar. These facts and others like them explain why the new All- Weather Tread Goodyear Bal- loon is the world’s greatest tire. It is outstandingly the newest, tested reason why more people ride on Goodyear Tives than on any other kind! This great tire is available at all Goodyear Service Stations and backed by every Goodyear Deal- er with a service pledged “to pro- vide facilities so that users will get all the inbuilt Goodyear value out.” -\