Evening Star Newspaper, September 12, 1927, Page 16

PRICES ARE STEADY INMARKET TODAY Some Vegetables Are Cheap- er. With Lima Beans Higher. Egg Prices Firm. Prices in the local wholesale mar- kets are the same generally as those quoted Saturday, with a slightly lower trend in the prices of vegetables, ready considered by dealers to be f: below the normal price for this time of the year. Shelled lima beans p exception to the selling. today at_ wed to be an ral tendency, 25230 @ quart. the top price being 5 cents above Satur day's top price and the minimum price 10 cents above the low price of Saturday. Lima beans in the pod, however, were going today at $1.50 a hushel, against $2.00 a bushel Satur- day. i A fair supply of pumpkins is on the murket this week, selling at 1.50a2.00 @& bharrel. Carrots a reported selling at 75 cents a bushel, or about 23 cents cheaper than last week's prices. Other prices are ge ‘erally the same, with quotations as fo. ow. Apples, 1.00 and 125 a bushel; string beans, 50a75 a bushel; eggplant, cents a o Irish potatoes, best grade, grown on nearby farms, 1.50: 1.75 bushel, second grade, 1.00 bushel; | radishes, 1.00 a hundred bunches. | Wholesale Prices Today. | Veal dressed, 22a24 24227; fresh hams 23a25: live lambs, | 13a14: live calves, 14; smoked shoulde 18; pork lean, 35a36; fresh hams, and smoked hams, 26; fresh-killed beef, 1820, Butter—Fresh, 1 pound prints, 46; tubs, 43a44; store pack B pound; lamb. . alive—Turkeys, toms, 25; hens, small to medium, 23: 24; large, 203 s: roosters, young, 65 Dressed fowl—Turkey ehickens, 32a33; capon: 39a40; smaller, 35; ducks, 25; 30a90. Fruit and Vegetable Review. | Today’s market report on fruits and vegetables, compiled by the Market | News Service Bureau of Agricultural Economics, says: Apples—Supplies moderate: demand | slow, market dull: bushel baskets, Vir- ginia, Northwestern Greenings inches up, United States No. 1, 2.00; Maryland, Grimes, United Si No. 1, 21, inches up mostly 2 ginia, Delaware and Mar varieties, 1.00a1.50: few Washington, combination extra fanc: and fancy Winter Banana 'ge size, 4.00. 3 Cabbage—Homegrown supplies lib- homegrowns supplying the mar- 0; Spring heavy. keats, e kot kel reen Peas—Supplies lizht; demand light, market dull; Colorado, 45-pound crates, fair to ordinary quality and rondition, 3.00a3.50; few fancy, high as 5.00. Cantaloupes—Supplies moder; mand fair, market about stead rado, jumbo flats, 9s and 125, tints, 1 standards, 36s, salr tints, 1 mostly 1.75a2.00; jum- ho fla pink meats, 1.00a 1.15; standard flat; and 19s, 90a 1.00; jumbo flats, 12s, Hearts of Gold, 1.00; standard flats, 12s. 85a1.00; v flats. 155 and 18s, Honey , supplies moderate, demand good for good stock. market steady; Cali- fornia, Turlock section, standard and Jumbo crates, 6s and $s, 2.00a2 Lettuce—Supplies liberal; demand slow, market slightly weaker; Colo- rado, crates, Icebers aype, 4-5 dozen, best, 3.25a3.50; fair quality, poor con- dition, some dirty, mostly New York, 2-dozen crate: type. best 65a70; ordinar. condition, low as 50. Celery — Supplies _ liberal; demard moderate, market about steady y York, 2-3 crates in the rough, 2.50; full crates washed, 4.00. Onion Market Dull. Onions—Supplies moderate; demand and trading rather slow, market, dull; Ohio and New York, 100-pound sacks, yellows, United States No. 1, 2.00a Indiana, 100-pound sacks, Ye United States No. 1, mostly ew York, 100-pound United States No. 1, 2.75: Ohio, 100-pound s United States No. 1, 2.7523.00. Peaches—Supplies’ heavy: demand good, market steady; Pennsylvania, hoshel baskets, Elbertas, large size, mostly 2.25, few 2.50; medium size and not well colored, 1.75a2.00; bushel haskets, medium to large size, 0; Elbertas, large size, New -Jersey. bushel baskets, Elbertas, medium to large size, wide range quality and condition, hest, 1.50al.75; fair quality, 1.00: 6s, Elbertas, medium to large size, 1.75a | te; de- quality and | mostly _around ks, Whites, | 00a2.50 Supplie: mand good, market fir No. 1, New_Jersey Cobblers and Pennsylv: sacks, Round Whites, 4.00; E: Maryland and East Shore " Virginia, cloth-top stave barrel Cobblers, .00 4.25, mostly 4.0, { Sweet potatoe: Supplies moderate; demand rather slow Grapes—Eastern supplies light; de- mand light, mar Delaware, Maryland and V haskets, condition lagas, 1.50a1. Tomatoes—Supplies bushel hampers, 3 Lima_ heans Shore, Mary hampers, 1. CHICAGO LIVE STOCK MARKET| CHICAGO, September 12 (Uni States Department of Agricult Receipts, 28,000 head: early sales mostly to varid s and shippers and small killers: | kers buying sparingty; 170 to 256 pound aver: higher; packing sow bulk sales good to pound ave 112.00; most 240 to 300 pound chers, 11.25a11.75; bulk desirable nd medium W hezvy-weight ; California mostly 1.50. moderate; few higher. upplies light; East . market duil; bushel | 50 higher choice 175 hai.25, Ca pts, 25,000 head; grain- | fod steers steady; scant supply strictly | choice offerings strong o highe cows and heifers, lower; stockers and feeders steady; best he medium W age 3 5.00, v .50, ipts, he Jambs active, 25 10 35 higher t @ay, sorting considered; spots bulk good native 12, 3.00; occasional 1 0 and below; cul 1y; zood range lambs, choice kinds held around 1 strong: good and choice light dium weight fat native ewe fat | 5.50a6.00. | PROFIT REPLACES iOSS. NEW YORK, September 12 (#).— Profit of $246,057 is reported by God- whaux Sugars for the year ended June 30, hefore depreciation charges, in contrast to loss of $153,216, before de- preciation, the year before. OIL OUTPUT INCREASES. NEW YORK, September 12 () Crude oil production in California last | week averaged 642,000 barrels daily, an increase of 14,150 barrels daily over the week before. et NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following fs the list of bonds and stocks traded in on the New York Curb Market today: Sales in INDUSTRIALS. hundreds. High. " Low, Close. 2 Ala Gt South ..140% 140% 1401 1Ala Gt South D130 ' 140~ 140 BAlb P Bar vie 13% 13% 137 J0AL P Bar A pf 231, 23 1TAIb Pow of ... 1 Alum Co n pt Arch “o 13 Am L Am Cigar pf ' 1 Am DT Co N'J 20 Am Gas & EI . dAm Gas & R Am Hardware... 15 1 1 Am Laun Meh w1021 102% 1 Am Laun Mch rt 1 % Am L & Trac.. 178% 1 WAm Nt L e 5 Am Pow i 10 i Boos Bt oy Superpow A.. 38% uvervow B 107 upern pt b 5 Am Theeat U 11 Amoskeag Co % Axso Gas & EI AUl Fruit tias P C 137 Banditaly Cory "’ 5 Barnsdall deb rtx 15 Blackst Val G&E 3 Biiyn Shoes Inc.. 1 Botany _ Ca 11 Brill C 5 Brillo T0, 20 103 % 3 1431 3ls 1424 R Can Ind Ale Can Marconi W, . CelanCorp Am 4 Celan C A Tst pfd 166 * Celluloid_Rts. 3 Celotex Co. MES 35 T M_& SP n pid 4 CSP&LGaptd 011 v lce & Fuel ALY hn-Ha arx 283 ommonwlth " Ed 156 155 Common P 1 pid 100% 10014 onsol_ Laund tor 18 iids. Lid #3470 Aero M. 3 3 3 1 3 | 7 Sparks Withing. SUReg Pan ... 4 Stand® Com “ob 3Stand Mot new 2 Stand Pow & Lt 2 5 Stand_Pub G ti Co_Can ... % Stein_Bloch _pi. Superheat Co Swiit Intl . 7 Mimken Axie 6 Tob Prod Expori 1 Trans * Lux 5 Trumbull _Steel 4 Tub Art 8 B vi 4 Tung Sol Lamp. an” Sol Lam A 2 G o1 & &P n'A o B2 ni Pit Shar pf i Shoe M C. iy Leat Tob. S Freight. S L Batte 76l P & L vic B varner Bros Pic att & Bond A est Da Prod A est Da P vtc B, est Auto S pfd vest Md 1st nfd 131 esting A B n 4814 Ves O & § vie T4L Wes 0 & § prd 1014 Wheeling Stl. ... ‘ WS M del rig 1 Wms Oil-o-Mat H. "9 Sales in MINING STOCKS, hundreds. BOA C M & M Ltd .04 4 11 100% 0 180 E e o e B SE43 el goaace, ey 2 3 g s = L 1'"1*. T 10013 K3 i 10 Golden S 10 Hawthorne 1 Hollinger M M wid 110 3 Doehler e 47 Durant Mot Duz Co A vt Sitingon © Schild B & Sh pid1 R & Snn C Invest Ine P &1, ontl P&l 2 pf A1 Kefrig n.. fis rA jardo Sug Co 1 ashion Park Ine ilm Tnspee M. 5 5 irestone Tire. . 1601 1601 Ford M Co Can b: 4 FEPEEE S T&R n pid tham Mis . and Stores” et L & B all Lamn all_Printing Hapningss €81 aris Sevhd pid el st Mfz 2 Holland “Furn Utah u INDEPE 235 Am 0ilflds o € Con 0} | n'pidl 7e i B mp G&F 8s pf1 Gibson' "0l " cor. SGult Ol of ‘Pal 1 Hous Gulf Gas. . 4 Leonard Oil.... 1 Lion 0il 1 Magdal S3 10 Margay Oil 1 g £ 1 Mex Eagle. 0 01l 6 Mount Prod . 638 Nat_Fuel Gas n. 1N Y oil 4 Nor Cen Te: Pandem Ol 1 Pantepec G 6 Reiter-Foster Oil. 6 Ryan 4 Salt Ck C 11 Salt Ck P 1 Tid Osage A 30 Venezuelan ~ Pet. 1 Wileox O & G n 2 Sales STANDARD OIL 400 Anglo 5000 Cont 1 10 Gal S O pid ) Mex FE i o 1500 Inter, 100 Nat Tran 1300 Ohio- Oil o 100 Penn _Mex 1000 Prairie O & G 200 Prairie P L..... 1 130008 0 Ind . . 3008 0 Ky 1008 O Neh 1508 0 Ohio 900 Vacuum Sales in thou 1Lib MeN 1, Lib Owens Sh % Long Isl Lt ptd. 15 MacAnd & F 3 1 pf 3 Mid W Tt 0s fd o MO Rub' n° pld i SH & H_n’ pf 107 hols & Shep'd 113 ies Bmp Pnd n r Amer Util pf " 0 Pow C.. PSP Northe 1 Ovingts Bros 1 Pac G&E n 1st pf 1 Pac St Boiler. . ? ‘P,alll?oh'\'a (‘ur. .o arke Davis Co 2 Ponn Ohio Sec.. 7 Penn Ohio Ed 1. 405 Pn Ohio Ed 63 pi 0% 2 Penn Wat P C'n 571 13 Peop Drug Store. *40 1 Phila Elee ... 56 1, Pittsb & Lake E. 1651 \] Pow Corp N Y A 102 Pow Seeur Corp 4 Pug_ S L W PzSP&LDY iy Real Assn Blyn % Reo Mot . . 3 Rep M T vie 1% Richman = Bros 1 Rich Rad 151 Royal Bak 3 1y Roval Typew Co 3, Safeway” Stores. 1 Sanitary Grovery Ji Selifidge Prov'st FRREF® ] 90% 57 Ca isi 1 Sin % Singer M 2 Sou Cal 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 commodities (from Dun’s Review) and (2) of the purchasing power of the dollar: Purchasing power of the dol- lar in pre- war cents, Index No. of prices in per cent of pre- Date— May (peak) quarter. nd quarte Mird auarter irth quart cember June average. ... Quarterly average. July average ... Augyst average.. Sentember— First week Second weelk 299939, S3gaa jried Foreign Weekly Index. rump’s (London Financial Times) index number for England: Index No. of prices in per cent of pre-war bus, First quarier.’ st quarter.’. douarter Third quarter Fourth quarte; October November Second_week.", Third week Fourth weel L aTa 5 0% . 96 sl 101 o Be A 1004 an s 2 I T Can at R 4l3s 4 C; & L_Bs. 102 CM &SP 5sn 9415 C MSP 5s A n wi B4 Cin 8 R 5las A ORY U Serv Bs.... 90Ty t Sery sl 1111014 S G Hlas. . RPL 4%s A El Ilum 5s A 1 G & B bs 52 ommand Lar s i Cons G Balt 6s A 107 Pub 6%s. D87y ms Tex Ks... 98 fub Tel 7is A 113 2 Cudahy 5. udahy 515 Det City G s 63Det Cty G 15Det Intl 61 8 Det Intl 78 Det Int 6% 13 Gatinean Gen' " Inv 40 Georgia - Pow 6 GYT&RCB 1% 5G 0 Co 3ihs 116G Ol Pa B8 13G On_Pa bs 1Gult st Ut Bs GUSt Ut bu A Ind P & L bs A 2Int Sec Amer Interst . Pow. 63 i 2Inv B & Sh o A 100 iInv ‘Equity 5. 18 Kem Ml 0n i 18 Kop Gas & © 5s. 6 Laclede Gas 5145 101 11 Lehigh Pow 68 A 1 5 Lib MeN & L 7s. 10314 23 Lone Star’ Gas 55 1 Long Tl Lt 6s.: 104% 1 Nase Gas Bln 1 Midwest Gas 3 Milwank G 4135, 977 7 Mom Pow 5 A’ 9 i Mont WP Chs'A a0 SMLH & P o8 A100% 8 Morris & Co 738 081, 5 Narrag Co b5 A+ 10015 ANat D Prod 65 996 11Nat P &L 68 ‘A 104 19 Nat P S Gig A 1015 1 Nebe Pow 0 A 10574 26 Nich & Shep s 1035 NSBM 6hau G120 30kla NG fihas. 10 § Ohio Pw 4} i 5 Ohio Pw by 4 Ohi Ay Hlas b E B 51; hila Rap e Ph Subur 3 e ure Oil ¢ B G&EI 51 'm Ran 5 Am 55 A 981 Ed 58 5110015 outhe P & L_6s 102 % tand Tnvest ‘s 108 S 0N Y 6ign... 104 B Stutz Mot 7355 . TSun M Ra 61330 oK Sun 01l 54 ... 101 Wift & Co 5.0 100% 2 Texas P & T, 071y RTrans Lux Glae. 99 0 Transcont, O, dn~: Co 6Y;5g00 Ind Gls B o Baden s 1R Batavia ‘Pet’ 4 1Ber CE 6ls sbane B enos A 78 82 Buenos A 78 Buenos A 7s 46 Copenhagen’ B . 5 Danish Cons 51 17 Ger Con Mun % Slsar Hy Bl 78 031 40 Jug St Mor Bic 78 K71 1Leo ie “C 7158 11017 #Lomb El 78 A" 05 Manfe M &S Mendosa 7358 Merid ontevideo iMor Bk Bog' 7s 10 Mor Bk Chile s 07 3 Mor Bk Denmk 6 101 5 Muni Medeliin 78 04 1 Netherland 68 B 106 1Perelli 7s...... #91 August First week. ..., Second weelk . .. (Copyright, 3R Stinnes H 2 Spise Govt 2 Tyrol Hyd 48 Uni El Serv 7s A ny St s A *Ex dividend. < 1 NDENT OIL STC 2 SBEE32.E s - 13 e on ki M = A Dtz ZERSEE NG P s 1sonizie it $dtiotx e R = 1 16 7014 1018 e s Ot 10 1 )URS. &1 i FRILN i RN (B R 1), ) 2038 TREND IS UPWARD ON CURB EXCHANGE Buying Speculative—Utilities Demand Falls Off—Royal Baking Powder Up. BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star. NEW YORK, September 12.—The upward movement predominated in the Curb Market at the start of the week, The now familiar procedure of hidding up one industrial specialty atter another resulted in the establish- ment of the usual daily new high vecords. 1t could not have been said. that the buying was of investment character. On the contrary, it was decidedly _peculative. The element which has been responsible for much of the re- cont improvement was still willing to follow prices upward, inasmuch as nothing had developed over, the week- end in the business situation which ould have brought about a change in speculative sentiment. The new high record for Canadian Industrial Alcohol was coincident withy expectations of larger earnings result- ng from the upward tendency of al- cohol prices, Paying $1.28 annually it was considered attractive at the cu -ant level. General Baking class “A like others in its cAtegory, was reflect- ing the better earnings outlook be- causs of the prevailing low prices at which it is able ta obtain its princi- Weevils Will Get All Late Cotton, U. S. Reporter Says By the Assiciated Press. RALEIGH, N. C., September 12. —There is no late cotton this year because the weevil will get all of it, “says Frank Parker of the Federal crop reporting service here. ~“Because of the weevil condition, it will be possible this year to make an accurate estimate of the cotton cropin North Carolina in October, which is much earlier than usual,” Mr. Parker said. Weather conditions for the crop have: heen practically ideal, he added, and the only damage has resulted from the boll weevil in- , festation, “vhich has been severe. e pal commodity. Ahove 73, the price went to.a new top for the year, Others to reach their best.prices were Curtis Publishing, Cellanez common, Palmolive, National Fuel Gas, up three points at one time, and Bancitaly at its best since the stock dividend was deducted from the price. Commonwealth Edison assumed lead- | ership of the public utilities, but the| demand for others in the group was not as pronounced as it had been last week. Royal Baking Powder, which s thought to figure prominently in the program for expansion of the Post- um Co., was bid up from 316 to 323, but because of the high selling prices the upturn attracted little attention. Good buying came into the market for the Czarist Government bond is- sues, although it was difficult’ to as- sign a reason for the current ac- tivity and strength. Both Russian 61zs and 5148 were subsequently improved. BY-PRODUCTS AID MANY INDUSTRIES Some Use Found for Almost Everything, Big Manu- facturers Learn. 5 BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, September 12.—“Who is your best customer?” This question’ was asked today of a big New York wholesale butcher who supplies some of the huge hotel and restaurant chains here. His answer Was ‘a surprise. “The rat eatcher,” said... He ‘explained’ that he played the vermin exterminator first because the latter provided him with a market for products which otherwise would have been entirely wasted, such as trim- mings, bones and waste from the car- casses, thus turning what would have been an expense into a clear profit. Profits From By-products. This illustrates fully the trend in industries all over the country for the extraction of profits from by-products. It is this sort of economies that are responsible for the size and growth of the packing business, It used to be said nothing about a hog was wasted but- the squeal. This was not true, since 30 per cent of the hog's weight is water. Nevertheless, production of hog bristles has a wide effect on a was what he dozen other industries, including the furniture, automobile, .brush and tex< tile ‘trades. The production and sale of bone buttons has a definite effect on the price of meat and clothing. The amount of shell used for pearl buttons has ‘reduced the price of oysters nearly $20 a ton from its for- mer high figure and:-affected the oyster industry and the pearl fisheries of the Mississippl. The rendering down of refuse from .the garbage carts of New York at Barren Island yields thousands of 'dollars annually in attar of roses .alone. Millions of' flowers are thrown away daily. By-produc 8 have done much to put the farmer’s income in a state where it can be distinguished by the naked eye. The corn farmer finds a use for cobs and shucks. Corn sugar seems likely to become one of the leading farm products, at the rate its use is growing. The raising of Angora rab- bits has had a markbd effect on the price of so-called camel's hair and fur felt for hats 8 By-1 oducts from the production and r fining of oil have been extremely profitable. These products have gone into the medicinal, industrial and ar- tistic fields. In the case of one of the large California concerns, sales of such products in the last year have exceed- ed $13,000,000. Coal By-products Numerous. Py-products of coal are almost num- berless. They find in many ca®es a ready sale in the chemical and dye field. No little of Henry Ford's suc- cess has come from the fact that his by-product coke ovens furnished a good part of the community with gas, as well as supplying gas fuel for his own glass works and other parts of his factories. Slag from the steel and iron furnaces no longer piles up in unsightly dumps. Sawdust and other' lumber products which once could not be sald now are used to produce pine oil, acetyic acid, turpentine and other products, and for fuel. The sale of cotton and wool Gulf Refining Co. Announces its entrance into Washington It has acquired the plant and equipment of the Columbia Oil Company of Rosslyn, Virginia Washington may now enjoy the famous “Gulf Products” and “Gulf Service.” All stations will be Gulf equipped at once. Accurate pumps---courteous attendants--- Gulf brands of gasoline and oils. Freemapsand touringservice atall stations. ) Our Probucrts That Good Gulf Gasoline For More Power Stops Knocks Gulf No-Nox Motor Fuel Supreme Motor Oil For a Smooth Running Motor At the Sign of the Orange Disc ULF REFINING COMPANY vaste adds thousands of dollars to the income: of " the' textile mills annually. Sulphuric acid, the most widely used industrial chemical, is & by-product of the mining and smelting industry and 8o are arsenic, mercury and their de- rivatives. . The paint manufacturers sell their derivatives to the dye makers and_textile manufacturers. ‘Whena it _comes to by-products the railroads “burn their own smoke.” ‘That is they find their profits from by-products by salvaging material they use and turning it to other plrposes. ~his saving has amounted to many ‘hundred millions of dollars since 1920, ard has been instrumental in no small degree in putting many of the roads on a paying basis. e BUYS POWER SITES. NEW YORK, September 12 (#) — Union Bag & Paper Corporation, through a newly formed subsidiary is_acquiring Hydro and Steam Elec. tric Power properties on the Hudson River at Hudson Falls, N. Y, also deep water frontage in _Tacorsa Wash,, where a modern Kraft puip mill. costing $2.200,000, will be built. Financing has been arranged througk a group, headed by Halsey Stuart & Co. Union Bag & Paper is the largest producer of paper bags in the United States. Annual gross sales in_ tha last five years have exceeded £10- 500,000. NEW YORK MARKETS. NEW YORK, September 12 (#).— Flour steady; Spring patents, 7.10a 7.45; soft Winter straights, 6.10a6.40; hard Winter straights, 7.00a7.40. Rye, barely steady; No. 2 Western, 1.11% f.ob. New York and 1.09%, cif. ex- port. Barley, barely steady; malting, 881 cif. New York. Pork, firm: mess, 32.00; family, 38.00a40.00. Lard, steady; Middle West, 13.60a13.80. Tallow, firm; special loose, 81; ext 8%. Wheat futures opened steady. domestic, December, 1.39,