Evening Star Newspaper, August 8, 1927, Page 16

BRITISH STOCKED INCHEAP COTTON Coming Crop Almost Sure to: Command Good Prices, Experts Figure. BY J. C. ROYLE. Special Dispatch to The Star NEW YORK, August S.—Man- | chester, center of the textile industry | of Old England, thought faster this | year than some its Amer petitofs, it has authentic figures, and foreign takir Just made public. facturers took been disclos showing domestic | s of raw cotton he foreign manu- advantage of the cnown before al growth o n and linters in 19 19,100,000 bales. while actuall 000 bales were | marketed by farmers merchants | or spinners in the vear ended July 3. The extra 100000 bales from cotton prod: season. The total an average price « pound at the vari for their cotton. ) fore, received more than §1,400,000,000 for the 1926 crop. | Less Money for Big Crops. | The previous vear the average | value was 19 a pound and | the cotton 530,000,000 for thei 000,000 for seed, a total vield of $1.- 796,000,000, In that y 1 duction of lint and 1 435,000 bales. Thus, although the South increased its 1926 crop 1,700,000 bales above the vield of 1925. it actually received for nearly $400,000,000 less. During the pressure of harvesting. the hurry of tarmers to dispose of thelr cropa and the demands of -creditors for foingt paamsnt ithe price dropped 1o 11.68 cents a pound for middling cot- ton in New Orleans and 10.50 cents in the interior. About 5,000,000 bales were marketed when the price was! the lowest. Right then was when many of the Manchester manufactur- | ers laid in their 1927 supply. After that the price rose gradually, until it reached 19 cents at the close of last month; but very few producers re- ceived the benefit of the late rise. ! Spinners of the South took 5.471,000 | bales, compared with 4,779,000 bales | the previous year. That is largely the reason Southern mills are now | working at_higher than normal one- | shift capacity. The Northern mills | took only 2,357,000 bales. The bulk of the crop went abroad as export shipments, totalling 11,243,000 bales. This exceeded all previous export rec- ords by nearly 200,000 bales. Foreign shipments, totaling 1 mately $926,000,000 for the 8, 26 while for the 1926-27 year they got 11,243,000 bales for about $720,000,000. All the cotton-consuming nations increased their takes, but the great- est percentage gains were shown by Russia and the Orient. Japan and China took 1,900,000 bales and India 298,000. These counmtries heretofore have been good markets for American cotton cloths. Holdover Increase Seen. Henry G. Hester, secretary of the New | Orleans Cotton Exchange and world authority on cotton production and consumption, estimates that American cotton left from last year's and previ- ous crops throughout the world totals 7,238,000 bales of lint and linters, as against 5,639,000 bales the previous season. Of ‘this 3,705,000 bales are in | this country, 3,000,000 bales in Europe, as compared with 1,906,000 a year ago, and 533,000 bales in Japan, as against | 267,000 last year. Such a carryover | is not large with consumption running | at its present rate. The consumption | points, according to Mr. Hester, to the need of a crop of over 15,000,000 bales of lint ip order to supply spin- ners and maintain a normal surplus. Private estimates so far range from 14,500,000 to 15,000,000 bales, and there is considerable chance that unfavor- | able weather and insect pests may de- crease this estimate and that of the Government announced today. In the meantime, foreign textile| manufacturers have our cheap cotton | and domestic manufacturers face the | prospect of filling further require- ments at the higher prices now cur-| rent or in prospect. This is respon- sible for the bullish undercurrent now apparent in Southern business circles. SIX RADIATOR CONCERNS ’ NEGOTIATE BIG MERGER New Firm Will Control One-Fifth | i of Nation’s Output in Its Field With 10 Factories. By the Associated Press. NEW YORK, August 8. —Arrange.- | ments have been completed for the | merger of six of the leading com- panies in_the radiator industry to form the National Radiator Corpora- | tion, which will control more than | one-fifth of the entire output of the | country and will be the second largest | corporation in the radiator business. | The companies merged are the tional Radiator Co., the Niag radiator Boiler (0., Continental Heater Corporation, Utica Heater Co. Union jator Co. and the Gurn: | formerly president | adiator Co., will be chairman of the board of the new | corporation, and Edward Norris, | ner pnwiom of the Utica -Heater | | » National plants, ervice to markets two are at nd other; . J.; Utica, Dunkirk th Tonawanda, N ham, Mass, and PROFIT ON INVESTMENTS. NEW YORK, August 8 (#).—Ap- tion of the value of securities of other railroac Inited States Government oblig 1d by the investment trust Union Pa ated paper p 1926 of more the close of 0,000. plus re unreve: I his profit, f$ nitting surplus from 1927 operations, bring the corporate rplus Union Pacific to $276,420.000, giving 916 shares of the company’s ock a current book value nd $224 a sh GRANBY MINING PROFIT W YORK gust 8 (A)—The Consolidated Mining, Smelt nd Power Co., Ltd reports net for the second quarter of § $293,945 in the preceding as compared with $461,- > second quarter of 19 ofit for the first half was $807, against $391,431 for the first six months of 1926, of the .- EUBEKA VACUUM CLEANER NEW YORK, August 8 (#).—Net | come of the Eureka Vacuum Clean for the first half of 1927 1.128, equal to $3.04 per share on 50,000 shares of non-par, against 99, or $2.14 a shave, for the first of last jear, | supplies moderate; | mand good and ma | market s do, | crates s % would | was | Fisher’s Price Index The following table shows the aver age movement from week to week (1) of the wholesale prices of 200 rep resentative e®mmodities (from Dun’s Review) and (2) of the purchasing ho“er of the dollar: i 1927 Jg Crump’s (1 index numbe: TRAI]ING 50Ul IN MARKET TODAY MONDAY, AUGUST 8, 1927.° 2 AV VS SUATIIITE R A S 2 t | | Prices About Same as at Close of Last Week With the Local Wholesalers. Market conditions this morning were | about the same as dealers usually ex- perience Monday mornings. Buyers were few and demands. not very great. Dealers in fruits and vegetables are anticipating heavy receipts of produce for tomorrow’s market, especially tomatoes, and it is predicted that prices asked for the stable vegetables will be cheap enough for canning pur- poses. Increased supplies of cantaloupes | from nearby growers also are expected in the market tomorrow morning, and a few watermelons may accompany them. Fairly heavy supplies of the two fruits of the melon family, as well as Honeydews and iioneyballs, are antici- pated. Most of the watermelons Wi come from Nuith Carolina and V. ginia, while North Carolina growe probably will continue to send supplies of cantaloupes. Prices this sub- morning were stantially the same as prices report-| ed Saturday. Today’s Wholesale . Prices. Butter—Fresh, 1-pound pr tub, 4113a42; store packed, Eggs—Fresh selected, nery, 30; current receipt Poultry, alive—Turk toms, 25; fowls, 24a2 ens, large, 30a3: small, 26; roosters, 15a16: keats, young, 50a60; old, 25 Dressed—Turkeys, 28a30: chickens, 35a3S; capons, fanc: 39a40; smaller, 35; ducks, 20a25 young, 60a70; old, 30. Meat, fresh killed—Beef, 18220 20; lambs, 20a32; fresh hams, shoulders, 17a18; loins, 30a32 hams, 26; smoked shoulder: Live stock—Calves, choice, medium, 10all; thin, 7a8; lambs, 13a1315. Fruit and Vegetable Review. Today's market report on fruits and vegetables compiled by the Market News Service Bureau of Agricultural | Economics, sa Cantaloupe: 44; 121 pplies of Eastern | stock moderate: demand good, market firm; North Carolina, green meats, salmon tints, standar standards 27s and 36s, Shore Maryland, jumbo: 5: ripe, low as 2 sizes, 1.50a1.60; few, 1.75, Honeydews, demand good, mar- ket firm; California, standard crates, 2.2 e 2.00. Honey es light; demand moderate, market steady; California, jumbos 36s, | standards 45, bes 435, best, 4.00; standard | poorer ripe, all size: upplies of E: New type, on market. Onions—Supplies moderate; demand | | fair; market about tts, 100-pound sack: | No. 1, 2.75. Peache: 2-dozen crates big Boston Western stock, no supplies Supplies moderate; de firm for good a, storage hu*h(l ,_fair con few best, 4.50; Hales, mostly 4.50; Virgin stock baske < dition, 3.50a4.00 best, medium s around 3.25 hushel h l\M Carmans and 6s C: b mostly rmens, mostly 3.00; Potatoes | mand good, obblers, U ast Shore, 50, ‘Watermelons - demand good stock; demand Supplies market s 8. No. 1, 8. cloth-top moderate; ady; Virginia stave barrel upplies arket firm slow for North Carolina pound average, for good demand ! 9.00; New York, 3.50, Tomatoes— mand good, grown, No. Supplies market bushel han best, 65a75; home. 45a light; demand bet homegrown, 5-dozen Supplies good; market bushe mostly around [ | 1and. hushel hampers, Apples—Supplies mode; sales reported, liberal; de- steady: North mpers, 2.00a st Shore i o early POTATO MARKET STEADY. CHICAGO, August 8 —Receipts, 147 ; total United Saturday, 638 cars; | trading fair, market s | h rel Irish Cobblers, 4.00a4.25, Kansas and Missouri, lrlsh Cobblers, '1.65a1.85. i g INCOME IS &3 500 NEW YORK, August Alaska Junea Id Mining ports July net incoms of a deficit of § 00 tor July Co. Spring 6s, Hileys and bushel baskets Hileys small to de- 3.50, mostly moderate: | poor stock; fair; 45-pound Sparks | £ Mary. 1 [ | ! E | | E *é L= sacked 8 P .- rThn Hot-Weather Foods | Blue Label Boned Chicken?:; N.B.C. PRETZELS 0-S0-Gud In Bulk, per 1b. Slim Jim Per pkg. LOFFLER’S FAMOUS HLAMLS STOCKINETTE SMOKED Per Lb. 32c| whole-wheat energy-food 11 the nourishment of whole- wheat and butter is in Toasterettes. Their appetiz- ing crispness gives teeth and gums needed exercise. Yoaster- ettes also keep intestinesnormal and stimulate digestion.' You'll like the nutsweet flavor of Toasterettes—munch them often during the day. Sold in bulk or package. Dew Ripe Hawaiian Pineapple When vou Ripe Pineapple in the Honey Dew Can you are getting the very finest grade of pincapple that comes off the island. = EDUCATOR Only the very finest pine- CRACKERS apples of the entire arc reserved for Dew ' brand S i T NERE IS No. 114 Sliced, Flat Tin. Per " 3 SC crop Honey Six slices slightly thinner than the large can. Per can Chicken a la King gt 5or 50c Japanese Crab Meat re e 39c [ Chicken?s, 50c | Libby’s Meatwich Spread ¢ 15¢ | Libby’s Potted Meats rer can 4ic Tidewater Herring Roe s-. 13 | Tidewater Herfing—l{ms—c Tuna Fish Recard Brand 20c ArgoSalmon fen 324c | mn Per can Sc sardmes King Oscar Imported 17 c iz Kippered Herring 7o 12c | Schimmel Jelly rerenee 12%c¢ ord’s Preserves 30c tuffed Olives 23c Libby’s Ripe 23c ampbell’s or & Beans !;; 10c | Ritter’s s 3 ¢ 25¢ Can Per Per jar 6oz, jar Pint Bottle Large size 9-0z. tin Walnut Meats Fine Quality .0z, ti -Oz. ti DaliMosteios 3-Oz. tin 8-Oz. tin Mot 20¢| 23¢c 49¢ LIBBY’S ASPARAGUS Small Green Tips Try Libby's for quality, then you \\111 know what “freshness sealed in the can” means ! Fruits for Salad Your Choice of During the month' of August, in all our stores we are making you a special price on this one size of Libby's high-grade asparagus. No. 1 square tin, small green tips 56 to 70 Tips Per can 2 cans 29¢| 25¢ 49c :‘A Store Near Your Home” ORIENTA COFFEE 1f you want a real good coffee, try Orienta. LIPTON’S The World’s Finest Grade Tea Makes Fine Ice Tea A superior quality coffee, roasted right here in Wash- ington by Browning & Baines, who are, as you know, famous for their coffee roasting. "tea is just as ap- e tea as in hot. ng ice tea remember dilutes the . hence the tea should elting ice be made str than if con- sumed hot It packed in tins, Packed fresh, it fresh in the tin. Canister comes to vou freshly hest T vou Tea, LIPTON'S, they grow it. V,-Lb. Pkg. bt 1,.Lb. Pkg. keeps [ —This Week's Specials— Libby’s Apple Butter 2 cans25¢ Gorton’s ‘Ready to Fry’ 2 cans 25¢ Sanitary Toilet Tissue 4 Rois 23¢ LARGE CHIPSO rerpke. 20c WIDMER GRAPE JUICE 29¢ Quart Bottle APPLES o *eis 10c : APPLES Cooking 4 Lbs. zzc LEMONS Each3e g 35¢ SQUASH 5¢ Beets - Carrots 5¢ ONION 415.18¢ CABBAGE Mew Perib. 4 Sweet Potatoes.™. 4125¢ POTATOES 15 - 39¢ SANLGARB FLIT A non-poisonous deodorizer It destroys flies and other in- that keeps flies and insects sects. ay. ttl h sprmkle a little in the 1p-Lb. C Flit 39c 30c White or Yellow Home Grown Per Bunch Massachusetts Yellow ——HElNZ— RICE FLAKES A wholesome cereal food made from rice, is readily di- gestable and rich in food * value. Very ap- 2 Pkgs. 25c petizing. You will like them SANITARY EGGS Everv Egg is sclected to as- sure you a high grade qu Ask for Per Doz. 3 7c SANITARY BUTTER In the Red Carton The excellent grade which you all know so well. Per Lb. 45c Wrapped in 7-Ib. Prints. AVORITE RECIPE FOR TIDEWATER HERRING ROE WITH TOMATO SAUCE ean of TIDE- ality the Sanitary carton Drain a large WATER Herring Roe. Slightly brown in & pan with butter. Make Tomato Sauce by browning Onion in butter, adding a cup or small ean of Tomatoes. Cook until it begins to thicken; add salt and pepper to taste, and pour over the dish of TIDEWATER l \." Herring Roe. i Mrs. J. N. Kaufman. f butter The Best in Ginger Ale Clicquot Club®¥:si¢iic"15¢ e $1.65 Canada Dry . 173c & $2.05 National v 123c % $1.45 Jack Frost. wiie 10c $1.20 White Rock i 173¢ & $1. 95 Ale or Sparkling Water Rock Creek Ale or Sarsaparilla | Large bottle Contents Only Per 3 for 25¢ . 10c F- $1.00 ON ICE_ Alderney Dairy Fresh Per Chocolate Miik Beverage Daily pint Soft Drinks Coca-Cola Nu Grape Orange Lime Cherry Blossom Mavis Chocolate Ginger Ale Sarsaparilla Per doz. Per doz. Per doz. Per doz. 8c Contents Per bottle Fels-Naptha A fine laundry 6c soap, per cake.... " Crystal White Laundry Soap 4 Cakes 1 5c 1#'s thz Oxygen in Duz- Suds Kirkman’s that maks it Difforons! Borax Soap ~ 2 cie 13¢ —LUX— For All Fine Laundering For Washing Dishes ixperience has shown that careless laundering—rubbing with cake soap or exposure to the harmful alkali found in so many soaps—flakes, chips and cakes—is what shortens the life of sheer silk stockin; v most women their P&G White Laundry Soap Star Soap, Per Cake, 4c IS DIFFERENT gentle lov Size seoromical Large Jarge package. = 25¢ " Gold Dust Small Pkg. .Large Pkg. 5¢ 29c Colgate’s Octagon Soap 2 e ]3¢ Per Fab : lOc Pkg.