Evening Star Newspaper, March 8, 1927, Page 12

"1 - DEMAND LACKING | FOR MEATS TODAY Fish and Eggs Moving Bet- , ter Now—Vegetables Also L Sought After. A generally draggy condition of the heat market continues. Prices are P ren, vomarked o dealer this ynorning. but the demand is lacking. "fhe draggy condition is attributed yartly to the Lenten season and de- amand always decreasing during such D ot eggs are more in demand, ®ecording to reports of dealers. and there is a fairly good demand for poultry. Spring broilers are always Rought at this season, but they are hot vet plentiful, according to reports, @nd prices are high. | There is a better demand for vege- tables, and dealers are able to supply the demands, chiefly with vegetables from distant points, Florida and California being liberal contributors. Today’'s Wholesale Prices. Butter—Fresh, 1-pound prints, 55a ; store packed, 30. “resh, selected, : hen- current receipt alive—Turkey ite Leghorns. ; roosters, 20: ducks, 2 young, 65; old, 30a35. Dressed—Turke: fowls, 24a30; capons, fancy. heav. 35: smaller, 30: fowls, 30; keat Young, 60a70; old, 25a30: ducks, 28a30; chickens, 38a40. Meats—Beef, 17a17%: veal, 23a26; lambe, 2 fresh hams, 26a28; shoulders, 21a22; loins, 28a30: smoked hams, 28a30; smoked shoulders, 18a20. Live stock—Calves, choice. 1532 medium, 11a13; thin, 7a8; lambs, 13. Fruit and Vegetable Review. Today’s market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Tconomics) says: Apples—Supplies liberal: dems.nd’ moderate, market steady: barrels, Vir- ®inia, No. 1, Yorks, 2% inches up, 2.00 a : Grim 4 inches up, some kcalded, 1.50a2.00; boxes, Northwest- ern, medium to large size, extra fancy Winesaps, 3.00: few higher; baskets, no sales reported. Cabbage—Supplies moderate; de- mand moderate, market slightly weak- er; Texas, barrel crates, approximate- 1¥ 100 pounds net, round type, 3.5 Tarrels, packed locally, mostly 3. few lower: Florida, 13- ham- pers, pointed type, 1.75; few higher. Celery—Supplies liberal: demand modera‘e, market steady; Florida, 10- frich crates, 4-6 dozen, 3.00; California, crates, 6.00. Tettuce—Supplies moderate: demand moderate, market steady: California, lsrwles, Iceberg type, 4-5 dozen, 3.00a fowls, keats, 45; old toms, 40: Onions—Supplies moderate; demand moderate, market firm; Ohio,” 100- pound sacks, vellows, U. 8. No. 1, medium to large size, 3.00a3.25. l Potatd Market Firm. Potatoes—Supplies moderate; ' de- mand moderate, market firm; old stock, Michigan, 150-pound sacks, Russet rurals,- U. S. No. 1, 3.65a8.75, mostly 8.75; Maine 120-pound sacks, Green Mountains, U. S. No. 1, 3.25a3.50, mostly 8.25; New Brunswick 120-pound sacks Green Mountains, U. 8. No. 1. mostly 8.50; new stock, Florida, double-head barrels, Sp:ulding Rose, No. 1, 16.00; No. 2, 15.00. Spinach—Supplies light: demand moderate, market fairly. steady; Vir- nia, Norfolk section, bushel baskets, voy type. 1.25a1.50. Strawberries—Supplies light: de- mand moderate, market stronger; Florida, pony refrigerators mission- arys, 45-50, holdovers low as 30c per quart. String beans—Supplies light; de- mand moderate, market steady; Flori- da, % bushel hampers, green mostly 5.00; wax, 4.50. Peppers—Supplies light; demand moderate, market ste&dy: Florida, pep- demand mod- 5 y: Mexico, crates, 5.00a5.50: few 6.00; Florida, 7;- bushel hampers, fair quality, 2.00. LR "PRODUCE PRICES UP A BIT. Farm Products Slightly Higher in February Than in January. A slight increase in the general level of farm products prices for Feb- ruary was reported yesterday by the Department of Agriculture. Prices were 27 per cemt above the pre- war level and 1 per cent higher than January, but 16 per cent lower than in February last year. All important Agricultural products except potatoes, butter, butterfat and eggs showed a farm price increase for the month. Cotton and cotton- seed increased from 15 per cent below the pre-war level to 6 per cent below. The index of purchasing power of farm products in terms of non-Agri- cultural products is placed at 81 for January, which is 1 point higher than in December, but 6 points below Jan- NEW YORK, March 8 (#).—The International Silver Co., whose appli- catlon to list its common and prefer- red shares on the New York Stock Exchange was rejected last May be- cause of its refusal to revise the com- pany’s charter provisions so as to give full voting power to the com- mon, has again applied for the privilege. It is presumed that the Stock Exchange’s previous objections have been met. WHITE MOTOR EARNINGS. NEW YORK, March 8 (#).—White Motor Co. earned $3.20 a share in 1926 on the 800,000 shares outstanding, egajnst $10.11 in the previous year on 500,000 shares outstanding. = Gross sales in 1926 were $64,578,088, or 11.9 per cent ubove those of the previous vear, o ROLLED STEEL LOWER, NEW YORK, March 8 (#).—Prices of rolled steel in the Youngstown dis- trict are $5 to $7 a ton below the pre. vailing-quotations a year ago. First quarter earnings of independent com- panfes in many instances, are ex pected to be less than for the same period of 1926, despite heavier ship. ments. g e INITIAL DIVIDEND. NEW YORK. March 8 (#).—McClel- 1an Btores declared an Initidl dividend | of $1 on class “A” and “B"” common stocks, pavable in quarterly install- ments of 25 cents beginning April 1. A stock dividend of 5 per cent also was declared, payable in class “A” common_ on April 15 to holders of record, March 21. gy i PIGGLY WIGGLY SALES. NEW YORK, March 8 (#).—Sales . jof bushel | 4 MEN AND MONEY By M. S. Rukeyser. (Covyriaht. 1037.) Ordinarily the adjournment of Con- gress causes no widespread weeping in the commercial and financial world. It is, however, symptomatic of the current absence of political fears among business men that there is no widespread rejoicing that the Sixty- ninth Congress has come to an end. Big business feels that under the present administration its legitimate needs are amply protected at Wash- ington, and, accordingly, it was little worried over adverse legislation. It felt confident that a veto from Presi- dent Coolidge would prevent “unfair’ legislation, and it was not disappoint- ed in the rejection of the McNary- Haugen bill, by which Congress sought to bring relief to the farmers by means of the price-fixing principle. Ordinarily, Wall Street wants a do- nothing Congress, but its chief current regret is that so much constructive legislation that was pending died in the legislative jam. It derived no sat isfaction from the filibuster which re- sulted in the failure to pass the sec- ond deficlency appropriation bill. It would have ‘welcomed legislation to clarify the merger provisions of the transportation act, which in its pres- ent vague form is retarding actual : physical consolidations of raflroads. Encourages Dissenting Minorities. The law as it stands, it is alleged, unduly encourages dissenting minor- ity shareholders to create a nuisance value for their holdings. In the case of the pending Northern Pacific-Great Northern unification, the amalgama- tion is to be made temporarily by a series of leases, and in the Chesapeake & Ohio deal by stock ownership of the rie and Pere Marquette by the . & O. Actual corporate mergers Will be Teld off until the law is clari- ed. __Another proposed law which in which the street was Interogzfi was the alien property bill. Germany's recovery wovld Le facilitated during this critical pericd 1'v an adustment this tangled question. = Having made heavy loans to Gerrany, Wall Street has an interest in the economic :-vmvery of the former enemy gcoun- ry. s The street would also have liked to have seen the radio bill to end the | current anarchy in the air adopted. The short session of Congress, whioh came to a close at noon March . was essentially a legislature on firancial matters. * The passing of the appropriation bills was its chief task. McFadden Bill Passage. The act for which it is likely to be remembered in history was the Mec- Fadden bill, which gave the Federal Reserve banks perpetual charters and thus helped to remove them from po- litical control. The act also tended to put national banks on a parity with State banks in the matter of opening branches. Politically, the vetoed McNary- Haugen bill, also of n business nature, was the outstanding incident of the session. Other hills actually passed in the short session were largely interlaced with dollar marks. A recital of what Congress accomplished emphasizes the increasingy economic character of {,hg work of the national lawmaking ody. The list of bills passed in the short session includes: Rivers and _.harbors le authorizing projects totali; 000,000. Increases judges ranging from « raise from $7,- 500 to $10,000 for distric*. judges, and from $15,000 to $20,500 tor the Chief Justice of the United States. ‘en million dollars was appropriated to combat the European borer, which has been destreying growing farm in- slation $71,- { ventories in the Eastern corn belt. Federal aid to States under the ma- ternity act was extended until June 30, 1929. Interest in Tax Reduction. Inspection and regulation of imports of milk and cream. ‘Wall street would have welcomed legislation authorizing further tax re- ductions, but as a practical matter did not expect such action in the last Congress. The strength in the security mar. kets during the last two and a half vears has been encouraged by a feel- ing of political security on the part of the investing classes. The new prestige of railroad shares, which has been an outstanding as- pect of the later phase of the hull cycle, has in particular reflected an absence of political fears. The rise of the railroad stocks reflacted not only improved earnings, but also a wide- spread belief that political hazards had been eliminated. Investors are now acting on the assumption that the raiiroads have ceased to be a foot ball of politics. As long as Coolidge and Mellon are in the riders’ seats, the financial world expects no serious interference from the realm of politics. THE BUSINESS OF GETTING AHEAD. Patterns of Success in Trade. Henry Ford, in commenting on the lure of business, once told me that if he could not make a useful prod- uct more cheaply than any one else, there would be no fun in remaining in industry. That remark was made more than three years ago. In the last 18 months the competitors of the Ford Motor Co. have been giving in- creasing competition, but up to the present none is offering a motor ve- {hicle as cheap as Mr. Fords com- pany. There are, however, reports that Mr. Ford’s leading competitor may try to meet Mr. Ford on his own ground. Recently, in connection with the tax suit in Washington, Mr. Ford was analyzed, classified and card indexed by various experts and partisans. The testimony of Norval Hawkins, who worked for the Ford Motor Co. for 12 years and who ih 1921 joined the advisory staff of the Gieneral Mo- tors Corporation at a salary of $150, in salaries to Federal | 000 a year, was interesting in that it attempted to define the elements of & successful enterpri Mr. Hawkins said: Elements of the Comnany. * The Ford Co. has 1 the ele- ments of a successful enterprise; it manufactures a useful article; its company is properly organized; it is amply financed entirely within it- self to successfully carry on its oper- ations; its business policy is clear and well defined; its management is capable, tactful and honest; its fac- tory is well designed, fully eqmipped and suitably located; its product is perfect in design and quality: its selling force is efficient—the largest of its kind in the world—and backed by plain, honest advertising, with complete service to owners. ‘The formula may be of value to the average business man as a means of checking the efficiency of his own or- ganization. The National Retail Hardware As- sociation, attempting to set up similar standards in the retail field, under- takes to answer the question, “In a modern merchandising success, what are the functions and what should be the qualifications of an efficient re- tailer?” Functions of the Retailer. The chief functions of the retailer are to co-ordinate the needs or desire to buy with the opportunity to buy, to serve as the purchasing agent of his community. To carry out these functions, he must have an accessible location: maintain adequate stock; maintain clean and attractive sur- roundings; give quick, convenient and courteous service; quote fair prices; make a profit; devote time to sales de- velopment; know merchandise and values; recognize the value of display; have a desire to serve; be able to view himself and his business subjectively and objectively: be able to maintain cordial relations with customers and store personnel; know how to use ma- terial experience as a guide to the fu- ture; understand the relations of mar- gin and expense; be a good stock keeper, and be able to study and adapt his business to changing trends. Of course, profit making is the pri- ma aim of business men. If they consistently fail to make profits, they drop out of the competitive struggle. If an enterprise does not make profits, leaks unquestionably exist. Perhaps these formulas will help { small musiness men to detect leaks in their own organizations. PORT TRADE INCREASES. BALTIMORE, March 8 (Special).— Imports and exports through the port of Baltimore last week both showed large increases compared with the previous week, according to the weekly report of the collector of cus- toms. Imports increased $528216, was dutiable and $968,347 admitted duty free, while exports showed an increase of $431,769, amounting to $2,119,163. ——— Twenty-four days left to file your personal tax return. Shares of stock | in building associations located in the District of Columbia are not taxable. The Federal-American A “National” bank with resources in excess of fif- teen million dollars for 16 Years Gets relief from Sloan’s after spending money in vain After spending a great deal of money on medicines without re- sults, a woman who had suffered from rheumatism for years got quick and complete relief by a simple home treatment. .“I have suffered from rheuma- tism for 16 years and I have spent a great deal of money in trying to get something which would ease the pain,” she writes. “In Sloan’s Linifertt I have found in- stant relief.” Sloan’s helps when other reme- dies fail because Sloan’s doesn’t just deaden the nerves. It stirs up the bodily forces to throw off the poisons that are causing the pain. So easy, pleasant and clean to use, too. You don’t even have to rub it in. Just apply gently, and the medicine brings the relief. Get a bottle today and have it on hand. All druggists—35 cents. Dr. Earl S. Sloan, 113 W 18th Street, New York. Bought Her Freedom for of Piggly Wiggly Western States Co. for the year ended February 28 were $8,842,262, against $6,666,060 the year before, an increase of 32.3 per cent. ry sales gained 70 per cent over February last year. —_— Ralsing camphor trees is being tried out im Algeria. “IT’'S GLORIOUS to have no more d of faulty elimination. And to 'w.dlmglnbenoo to rl- spiration, and no need to check it. would never be without the ulndy ve— CASCARETS Ten Cents! the So B oy e o e A lot of people who never have to take a laxative eat a candy cascaret now and then. Do you know why? em—brings mmaculacy of person that mearis erything. It prevents bodily chem- sciously offensive to others. And what a perfect regulator of the bowels! Salts affect the lining of the bowe Mineral oils leave a coating that t must cary “off . through . th Fow much b scarize erything by normal muscular contraction! To say nothing of the cleaner, sweeter condition that lasts for days—a wholesome condition that makes the use of deodorants quite ary in January or July! Men and women whost have brought find that a cascaret only once a week is all the tonic they needed. Cascara is splendid for children, too, and they love the taste of’ this candy laxative which every drug store has for 10c and 25¢c. ‘- THE EVENING BTAR. WASHINGTON, D. C, TUESDAY, QUAKE WILL HURT U.S. FOREIGN TRADE short crops. The opportunity seemed opened for & fairly broad entry of American cotton into Japan. The de- struction of wealth and property in Nippon is calculated to check this. The silk manufacturers of the United States have been complaining of the strength of Japanese raw silk. The demand for silk goods is strong and resistance to higher goods prices 1s Eastern markets are among the few that present a geographical advan- tage to American ships saling from American ports. This advan'age in shorter distance is such that it tends to overcome cheaper operation of Eu ropean ships and use of cheaper labor in European factories. Since this is the case, the effects of the disaster promise to fall heaviest USE OF ELECTRIC POWER | SHOWS ENORMOUS GAIN Special Dispatch to The Star. BALTIMORE, March 8.-~The tre mendous increase in electric consump tion in and around Baltimore sin 1910 is vividly shown in the annua report for 1926 of the Consolidated Ga: DEMAND GENUINE (4] uv:bo!spmg HEQI‘QS A guaranteed remedy to prevent and overcome coughs, colds, bron- totaling. $2,338,989, of which $1,370,642 | sharp. The quake is calculated to put|on the Far Western part of this the Japanese silk producers in an even stronger position so far as price s concerned. Rice Pay to Be Slow. The electrical manufacturing com- Electric Light & Power Co., country. controls thgsu rubk d;”i“:b lr‘\‘ 'x”x:‘x: | pepsi city. tion, bad blood, low In 1910 the complexion, lost weight, strength pany’s electric and similar run-down conditions re- DUMMY STOCKHOLDERS | CHARGE MADE IN SUIT |t hou quiring a reconstructive tonic. Snappy, Appetizing, with- panies have little to hope for in the' NEW YORK, March § (#).—Testi- | us t out Fishy or Oily Taste. Free situation. Some equipment certainly | mon; el!IDh’ es of Dillon, Read will be replaced by the Japanese at| & Co. e used a ! . . once, but the progress of the big elec. | holders” in various ¢ Year. | Tasting Samples prove it very trical expansion programs will not be| cularl (hr-{(‘.mu!‘,\'oa "I‘xrp, & Rubber | The nor‘n‘-i\pn:t expenditure for this | pleasant. benefited. Co., was given in hearing vester- | use was 101, | The rice growers of California and | day in the Silfi_mm.lnu)"H()tkhlvlrdl | . WE GUARANTEE HYPO-COD Louisiana are going to find one of | suit to oust Clarence Dillon and John P I their chiet cuatomers in & poor posi- | Sherwin, Chicago and Cleveland ban The eop es ores tion to pay. The growers around the | ker, as supervising managers of cramento Valley counted on selling | Goodyear. at least 1,000,000 bags of the 1926-27 Witnesses testified control of Leonard crop to Japan alone. The lumber pro- | Kennedy & Co. and the Nassau Co., ducers of the Pacific Northwest and | alleged to have en connected with the canners and food producers of the | Dillon, Read & Co. nd active in the Pacific Slope will be seriously affected. | management and reorganization of The American shipping industry [ Goodyear, was held by a Dillon, Read may be the largest sufferer. The sig- | hookkeeper, officials of the . same nificance in the loss of trade to the|company and the wife and children nt lies in the fact that the Far!of Mr. Dillon. | chial affections, lost appetite, dy in stomach, i Business Relations With Japan Bound to Suffer as Result of Losses. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 8.—The earth- quake in Japan will have a depressing effect on the foreign trade of the United States, even if the damage proves less serious than present re- ports indicate. That feeling was plainly in evidence today among manufacturers, exporters and trans- portation men who are in touch with the Orient. Bankers agree that a catastrophe which injures a customer is certain in the long run to work to the disadvan- tago of the seller. This was plainly shown during the British coal strike, which cost the largest foreign cus- tomer of the United States hundreds of milllons of dollars. The strike resuleed in profits to a few American coal operators, but farmers, merchants and manufacturers suffered material losses. Will Defer Rebuilding. As at the time of the former Japa- nese quake, a certain amount of steel, corrugated iron and lumber will be shipped from America for repairs and rebuilding. This also will be true of certain lines of food and clothing. But at the time of the previous earth tremors, it was deter- | mined to awalt a period of years | before rebuilding permanently. This | policy undoubtedly will be followed in the case of the citles and towns and | factories just destroyed. The buying power of Japan certain- 1y will be lessened to some degree and a customer who cannot pay is no bet- ter than a customer that does not want to.buy. The United States has| a huge surplus of cotton for export.| India and China, from which coun- tries Japan has drawn most of her cotton supplies, are expected to have - capita of the com- ystem was 65 kilo. it is pointed out. expenditure for this ear. In 1926 the per | capita use of the company's electrical “dummy stock- | system, including the use by indu mpanies, parti- | tries, was 808 kilowatt hours fastest racing large heart. 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Correct balance makesthis car sure- footed and certain on any road. Buick cushions tilt to the correct angle for relaxation. The canti- to eliminate all driving strain. The Buick engineis vibrationless be- yond belief, at every speed—com- fort for everyone in the car. Thousands of Buick owners could easily afford more expensive cars, but never buy anything but Buicks. They know, as you will discover, that because of the savings of Buick volume, Buick’s moderate price buys luxury. lever rear springs serve only one purpose—to cushion the load. The Buick steering gear has five bearing surfaces. It is specially designed for low pressure tires— THE GREATEST BUICK EVER BUILT Buick Motor Company (Division of General Motors Corporation) Fourteenth at L Stanley H. Horner 10151017 14th St. Dick Murphy, Inc. 1835 14th St. Fletcher Motor Co., Alexandria, Va. Bliry Motor Co., Anacostia, D. C. Fred N. Windridge, Rosslyn, Va. Emerson & Orme ; g Rushe Motor Co., Hyattsville, Md. 1620 M St. 1016 Conn. 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