Evening Star Newspaper, August 10, 1927, Page 12

12 EXTILES MAKERS FACING PROBLEM Cotton’s Rise Puts Up to Mills Advancing of Goods Prices. Fear Buyers’ Strike. | BY J. C. ROYLE. gpacial Dispatch to The Star., NEW TYORK, August 10.—Having | 4ust been given $135,000,000 or more un- | expectedly owing to the rise in cotton prices following the Government esti- mate, the business pulse of the South has quickened like magic. But many { the mill own wholesalers and land the right to sub: new |be applied to the railvoad's WEDNESDAY, AUGUST 10, 1927. THE EVENING STAR, WASHINGTON, D. i | to its present stockholder ect will be followed by formal gard Collapse of Parley | 000 in new common capital stock has ision incorporating the body's com | ‘ » as “Last Word. | P Sale of New Common at Par to | N. Y. C. Stockholders Approved. | been given the New Yol Central Railroad by the Interstate Commerce | Commission. The comm on mem & ‘ i spproving - the sanrond's| Foreign Office Does Not Re- ment on the proposal. New York Cen tral common stock is now above par on the stoc issue has been considered as a_honus to stockholders. Funds derived from tha Associated Press, the sala of the new secur wil LIN, August 10.—The German office apparently views the of the tripartite naval con-| little less pessi- | mistically th: Gorman press, 3 annual expenditures for improvements and betterment ilers handling cotton goods in New England and other parts of the coun- try are on the anxious seat, Cotton goc ices have advanced, but there is a feeling that they have not risen as much as the condition of the raw staple market warranted. | Manufactu and dealers are dubi- ous about further rises, because they | fear to check the volume of retail buy- ing, which has shown marked im- provement in the last seven months, Reports from New Orleans indicate that the advance in goods prices has stimulated rather than checked buy- ing and wholesalers report sales in the last few days the largest in his- 1ory. Northern maunfacturers are deeply | concerned in maintaining the gains | udging from a_semi-official commu- | § nique published by the Diplomatische | 1 Korrespondenz., 1 This communique draws comfort |8 | from what it terms authoritative 4 patches from London and Washin ton declaring that the parley nowisc was_fruitless, but, on the : has heen very useful, and I8 cess the | word has not yet been said ere Renewal by England Indicated. i i Morcover, it continues, the indi Prices “Practically {Unchang- | , Jessavsn, J continies, (e e 5 {of a maval disarmament conference, ed—Fruit and Vegetable |while stress is laid in Washin the fact that Anglo-American re H H will not be adversely affected. Supplies Are Attractive. | "n e communiie can only hope for better su ‘ur\’t time, Ear closing brought buyers out | So much, however, is certain, the { commun o continues, that the axiom early this mornin d the cool have made. For example, the jated Textila Corporation in| t half year had a net income 000 or 17 ts a share on the with yon ing period of 1926 earned $709.000 in a gain of $£1.20 a Textile Products’ n compared with $85,000. The volume of business in general in the cotton textile industry has shown & gain of approximately 15 per cent and manufacturers have been counting | on & fine Summer trade to make this | year the best since 1923. This accounts for their present anxiety over the raw cotton situation. Most of them realize, | ¥ however, that there is ample time fof the weather and the boll weevil to change the outlook before the end of | ition in textiles in so spotty | that it is hard to forecast effects on | the industry as a whole. For example, | directors of the Osborn mil ¢ Fall | River, have called a meeting August 23 to determine whether tive to sell the plant in ord something for the stockholders. Bates Manufacturing Co. of Lewiston, Me., operated only 400 of its narrow looms and 80 per cent of 700 wide looms during the first half | year This was less than 50 per cent of | capacity, vet the company earncd | $3.40 a share for the period. The wide Jooms made enough profit to carry the narrow looms. In scores of plants | the question of equipment and of mod- ernizing machinery is a burning one. Advance in American cotton prices | is of the utmost importance in other | countries, especially England, India and other parts of the Orient. Exports | of cotton and cotton goods from Amer- | ica in the last seven months have been | extremely heavy. The advance in cotton, coupled wtih |~ weather made tr: trifle more RtiiRe it ot a e. Buyer o d v onet pxtent ting choice supp! Spur to General Disarmament. b S « 1 ¢ ove T part Fr y e supplics were | the t that the re . dealers reported, | assembly of the all sections of the fand the failure country melons were on hand | reach reement is looked upon as from Geor North Carolina andfa po: to honest endeavors nearby Maryland and Virginia, while |to promote general disarmament, Real Estate Loans and the West, (D. C. Property Only) Honeydew snevballs, still re- ceived in fairly large quantities, are i No Commission Charged from the West, and prices of all four | carieties of melons were reported rly cheap. Prices this morning were substan- tially the same as those reported yes terday. Today's Wholesale Pric You can take 12 years to pay off your loan without the expense of renewing. $1,000 for $10 per month, oung, 60a70; old, 30, including interest and prin- He: T kfllfl‘x;lj}l:“fl;:y:": s cipal. Larger or smaller Shoilt ¢ d loans at proportionate rates. Butter—Fresh, 1-pound prints 44: tub, 41142 2 Eggs—Fr shoulder loins, 30z hams, 26; smoked shoulders, 18. Live stock—Calves, choice, 1321313 PERPETUAL medium, 10all; thin, 7a8; Spring lambs, 13a13%z. Fruit and Vegetable Review. Today's a report on fruits and_ veget compiled by the market 3 vice, Bureau of 1 aloupes—Eastern | 8 | | Metal Bed “38 95 e 1 m Comes in Inut fimish Has 2-inch con- Poster Bed 519 had in this charming col 1 finish. Layer Felt Mattress $9.95 A good quality, fully guaranteed il with all layer felt. £ Box Spring and Now for Another Big Week of This 2 FURNITURE SALE | =l 2 Lh%tquhtsl(>w§13%o Bedroom Suite Value You Can't IS LR Kitchen Cabinet $39.00 Golden oak cabinet with por- uplicate at the expected firming up of the crude | : light, market rubber market, is likely to have a’de- | ) a, Ridgew cided effect on tire prices. Demand | Imon tints, stand fbr tires and tire fabrics is very keen. < and 27s best, 2.2 Largest in Washington Assets Over $15,000,000.00 Cor. 11th and E N.W. Mattress One of the leading cotton statisti clans now places the prospective value of the present cotton crop to the South at $1,230,000,000, h $210,000,- 000 additional for the seed, making a total of $1,440,000,000. These facts and | figurés cannot help ving an effect, not only on the business of the South| but of all the country and on the 460.- 000 wage earners in the textile indus- try. SHIPPING NEWS Arrivals at_and_Sailings From New York. ARRIVED YESTERDAY. riin—Bremen . araval—Trinidad .. olivar—Puerto Colomb; Giuseppe Verdi—Genoa grizara—-Havana . eltic—Liverpool . Marea—Puerto Barrios .. DUE TODAY. Lara—Maracaibo fongolia—San Francisco. | atria—Palermo. Munargo—Canadian cruise. Lauban—santos Alfonso XI1I—Bilbao. DUE TOMORROW. | crates, 8.00a8.50; New York, bushel | auretania—Cherbourg and Southampton. | et Ty i DUE SATURDAY. AUGUST 13. Volendam—Rotterdam. DUE SUNDAY. AUGUST 14. ?\rmln!b—{m-wwmwn and Liverpool, | apland—Antwerp, evdlitz—Bremen Tua—Port Limon DUE MONDAY. AUGUST 15, Paltic—-Queenstown and Liverpeol Tar o ¢ and G thampton, DUE THURSDAY. AUGUST 18, | opota—Puerto Colombia | rottningholm—Gothenburg. 1 la de France—Havre. | t honey—Havana, outhern Cross—Bueno | OUTGOING STEAMERS, | SAIL! TODAY. | ;FPEMIHI—F?V"Y?O'!'K and Southampton. 1 ivives—Kingalon. Cristobal and Pusrio Co oribia Fort St. George—Bermuda. Carabobo—San Juan. La Guayra and Mara- caibo. SAILING THURSDAY. AUGUST 11. Plymouth and London 1. Iquigue and Val A0 8an Lorenzo—San Juan and Santo Domingo ty. Tnited” States—Christiantand. Oslo and Co- penhagen. Westohalia—Cherbourg, Southampton and Hamburg. da—Rotterdam h Prince—Caps Town, SAILING FRIDAY. AUGUST 12. Alfonso XIII—Corunna, Santander and Bil- 730, Martinique—Puerto Colombia and Carta- zen3 ferope—Port an Prince and Cane Haitien th, Cherbourg and Bremen. SATURDAY. AUGUST 13, Queenstown and Liverpool. Liverpool. 0. avana, Cristobal and Port Limon. Lek1on—Rio de Janeiro, Santos. . Kingston and Puerto ar- Wacabi—Puerto Colombia. . SAILING MONDAY. AUGUST 18, Liberty Land—Genoa and Marsellle, SAILING TUESDAY. AUGUST 16, George Washington—Plymouth, Cherbourg Rren St Martiniquie and Bar nada, Trinidad and Demerara SAILING WEDNESDAY. AUGUST 17. and Son 4 and Maracaibo. I3 , Bixaola—Kungston, Cristobal and Pusrto Co- Jombia bR e 4 | some small | few sales, | z00d, market slightly stronger; Mary- ||| 11 | Iand East Shore, cloth-top stave bar- | all and see us | slow, rket dull: homegrow: S (o] poorer, land, various v: s and 1.00; two-third cf ards 36s, 1 JAMES BERRY . Pre t JOSHUS W. CARR. pplies of Eastern stoek || light, market dull: | 2.25; Western stock, moderate; de- firm, market about steady ssachusetts, 100-pound sa L5S Wo.i1, 2 " Peaches—Supplies lib demand You shall know baskets C: n’m:\:\ About Our trust Are anxious to kets Bell 6s Belles, very e, 3 6s Hileys, medium | e, 3.90: Delaware bushel baskets Car: medium size, pale color, 1.50a1.75; Maryland, bushel baskets Carmans, medium | s—Supplies light; demand E'mr!.‘ market about steady; California, boxes | Bartletts, medium size, mostly 4.50;] some small size low as 4.00; few large | sie_higher. il Green peas—Supplies light; demand light, market dull; Colorado. 45-pound We Department. baskets Telephones, few sales, 3.50. Melons Demand. | || Invite you Watermelons—Supplies light; de- mand good, market steady; carlot sales, North Carolina, bulk, per car, ||| T'g Irish rays, 24-pound average, 300, | Potatoe: Supplies ht; demand ||| rel Cobblers, U. . No. 1, 3.50. Tomatoes—Supplies liberal; demand bushel rious varie s Ppotatoes—Supplies ligh mand slow, market dull i na, cloth-top bharrels fair quality, 6.00a6.50; Lima beans—Supplies 1i slow, market dull; E: hore Mary- | O Bushel hampers, best, 50; nr poorer, 1.50a2.00. Cabbage—Supplies moderate; mand light, market dull; Virginia, ba rel crates approximately 100 pounds ||| net, round type, .00a2 | Apples—Supplies moderate; demand 1 i We may explain Service. ) American light, market dull; Delaware, wind- falls, fair quality, 1.75a2.00; Graven- steins, overrips 00; Virginia, bushel baskets Wolf River, medium Rambos, medium size, 2 . 2 rious varieties, medium Securlty and | ————— e " RENT AN APARTMENT From L W, Groomes. 1418 F st. [ NMain 6102 w_Rentals | Trust Company. MOTHER:- Fletcher’s Castoria is a pleasant, harm- less Substitute for Castor Oil, Paregoric, Teething Drops and Soothing Syfups, espe- cially prepared for Infants in arms and Children all ages. S | ottt é://.d//‘?’Wu | Proven directions on each package Physicians everywherg rccc;mmcud i $3 9.00 To fit any size bed. Deferred Payments Bed Spring $9 95 99-coil spring—comfortable durable. Fully guaranteed. ‘Inglander One-Motion Couch $22.50 Complete with pad. Deferred Payments Metal Crib. $7 95 Deferred Payments chuard Velour Fireside Chair $19.50 A <pecial low price for a com- bly made chair, with loose g-filled cushion. Deferred Payments A Beautiful Four-piece Suite—bow-end bed. chifforobe, celain sliding top. Contains the full vanity and dresser of walnut veneer combined with gum- many labor-saving dewices all Y e - £ housewives demand. wood. Decorated with effective touches of green. Consisting of three mas Deferred Payments Deferred Payments Wastebasket 39c Attractive metal wastebaskets offered in choice of various colors. ive pieces exactly as illustrated— armchair, wing chair and davenport. They are ugholstered in high-grade jacquard velour. The davenport contains a full size bed. Dining one armch: e e il Suite You'll Want to Own Ten pieces comprise this Handsome Suite. They are ex- tension table, china closet, server, buffet, five side chairs and i hey are of walnut veneer combined with gum- wood. The chairs aresupholstered in tapestr Deferred Payments V) Mhg.-Finished End Table $ 1 .69 A neatly d d table. Nicely turned legs. ng stretchers, No Phcne or Mail Orders Sidewalk Sul $3.95 Strongly made for service. Has four rubber-tired wheels. Deferred Payments No Phone or Mail Orders This Living Room Suite $135 Three pieces of strik sign and careful workmanship. They are covered with a spe- cially selected quality of jac- quard in lovely two-tone ef- Reversible spring-filled cushions over spring seats. Deferred Payments L T T g T dhe pfulius Lanshurgh,