Evening Star Newspaper, September 19, 1927, Page 12

] PRIGES UNCHANGED INGENTER MARKET Lemons Scarce- and High After Hot Weather Period. Melons Are Higher. Iced tea drinkers during the heated period last week consumed so many Jemons that the popular fruit became wcarce and high. Wholesalers ran the price up as high as $12 a box, it is re- ported, and retailers demanded as high as 50 cents a dozen for them, The shortage is not likely to last Jong, however, acgprding to reports this morning. Cooler weather already . has lessened the demand, it is reported. and additional supplies are on the way here. ‘Watermelons, cantaloupes and honeydews are still in evidence in the fruit market. They are not so plenti- ful, however, and prices have in- creased. Vegetables continue in liberal sup- ply, and cheap prices continue to rule. Some particularly fine spinach is being received from nearby shippers. Prices of most commodities this morning were substantially the same as those reported Saturday. Today's Wholesale Prices. Butter—Fresh, 1-pound 4615a47; tub, 45a46; store 28a20. Eggs—Fresh, prints, packed, amall to medium, Spring chickens, 19; ducks, 1 old, 35. Dressed—Turkeys, 38a40 chickens, 33a38; roosters, 1 ducks, heavy, 240, 25; keats, 80a90. Beef, 21a2; 5 27a28: roosters, keats, young, 63 dium, Jambs, 12 Fruit and Vegetable Review. market report on fruits vegetables, furnished by the Market News Service Bureau of ‘Agricultural Economics, sa ‘Apples—Supplies liberal:> demand light, market dull; bushel baskets; Virginia, U. S. No. 1, 21 inches up, Northwestern _ greenings, 1.75a2.00: Virginia and Maryland, U. S. No. 1. 214 inches up, Grimes, 1.7522.00, fo 2.25; various varieties ungraded. 75 21.75, mostly 1.00a1.50; boxes, Wash- ington, combination extra fancy and fancy Winter bananas, medium to large size, 3.25a3.50. Cabhage—Supplies light: practical- Jv no demand: homegrown mostly supplying market. Cantaloupes—Supplies moderate; demand good, market firm; Colorado, standards 36s and 45s, green meats, 225; pink meats, flats, all sizes. 1.25a1.50; overripe, some decayed, wide range prices, 50a1.00, according to condition; honey dews, standard 00a2.25; 6s to 9s, 2.25a2.50. Celery—Supplies _moderate; _de- mand moderate, market steady: New York, two-thirds crates, 2.00a2.25. TLettuce—Supplies moderate; de- mand limited, market dull; New York. considerable ~ ordinary _condition, 2 dozen crates big Boston type, 50a65, few higher, poorer low as 10; Colorado, crates, Iceberg type, 4-5-dozen, some slimy, best mostly 2.50, poorer low 50; Californja, crates, Iceberg type, doz; fine quality and condition, 0 Onions—Supplies moderate; demand slow, market about steady; New York, Indiana and Ohio, 100-pound sack Yellows, U. S. No. 1, 2.00a2.25. Pears—Supplies moderate; demand moderate, market steady; California and Oregon, boxes, Bartletts, No. 1, 3.50a3.75; New York, bushel baskets, Bartletts, No. 1, 2.00a2.50, poorer low as 1.50. Peaches—Supplies moderate; de- mand fair, market steady; large size, Pennsylvania mostly around 2.50; baskets, Elbertas, fair quality and condition, 2.00a2.25; New Jersey, bushel baskets, bertas, medium to large size, 2.00a2.25, poor condition low as 50; Fox Seediings, ordinary to fair quality and condition, 50a1.00. Potatoes About Steady. Potatoes—Supplies moderate; de- mand moderate, market about steady: U. S. No. 1, New Jersey, 150-pound sacks, Cobblers, 3.75a3.85; Pennsyl- vania, 150-pound sacks, Round Whites mostly around 3.50. Sweet potatoes—Supplies moderate; demand slow, market dull; Eastern Shore Maryland, bushel hampers, yel- lows, No. 1, 1.00; ginia_and North Carolina, cloth-top barrels yellows, 2.00a2.25; Anne Arundel County, Md., cloth-top barrels yellows, few sales 3.00 Grapes—Supplies of Western stock moderate; demand good, market steady; California, lugs Flame Tokay: 2.00a2.25, few higher; supplies of East- ern stock light; demand light, market dull; Delaware, 12-quart climax bas- kets Concords, 55a60. Cucumbers—Supplies light; demand light, market steady: New York, bush- el baskets, large size, 1.75a2.00. erates, 10s and 12s, mostly Tomatoes—Supplies liberal; demand moderate; market steady; 3% -bushel plies light; demand mod- erate, market steady; 5-dozen sacks, 15220 per dozen. Peas—Supplies light; too few sales reported to quote. WOOL SALES BROADEN. . BOSTON, September 19 (Special).— The week started with confidence high in the Boston wool market. Strength in the London wool market and the activity of pot foreign wools are en- couraging facto The volume of sales is broadening, with prices gen erally closer to the top side of the pre vailing range. Fine territory quoted today at 1.10a1.12, clean basis, with choice lots at 1.15, French com! ing at 1.05a1.07, half blood at 1.00a1.0 three-eighths blood at 90a92 and qua ter blood at 80a82. Fine Ohio grade fleeces were quoted at 45a46, grease basis, half blood at three-eighths hlood at 44245 and quarter blood at 44244, with Michigan quarter blood at 43 and Missouri at 4215a43. EARN;NGS OUTLOOK GOOD. NEW YORK, September 19 () kron dispatches to Wall net income of B. F. nine months ended Se expected to be around $11 or $12 share on the 601,560 shares of no par common, while $5 to $6 a share may be earncd in the last quarter, should the footwear business, which reaches its peak in the Fall and Winter, be even as good as last year. This would make earnings for 1927 from $16 or $18 a share on the common, in con trast to $4.16 a share in 1926. . COTTON GOODS QUIET. NEW YORK, September 19 (Spe. clal).—Cotton goods markets were quiet at the start of the week with prices easier. Print cloths quotations slipped off % at 9 for 64x60s, and were off 13 at 10% for 68x72s. Raw silks were quiet at unchanged prices. OPEN BETAiL STORE. EW_YORK, September 19 (#).— Sears, Roebuck & Co. has opened its fourth retail store in Chicago, with large free parking space for motorists. *0. for growers and | Spring | 18a20; | COTTON DEELIES 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: Index No. of Drices in per cent of pre- Purchasing power. of the dol- lar in pre- 3 Average .. Average . First quarter. Second quarter. Third quarter. January_ average. February averaze March average. . . First auarter. April average May average weel Foreign Weekly Index. Orump's (London Financial Times) index number for England: Index No. of rices i Quarterly July average. . August _average First week. ... Secondweek.. Third week.. . (Copyrizht, 1927.) | | 4070 45 POINTS | Renewed Liquidation and Southern Selling Are Off- set to Early Strength. By the Associated Press. NEW YORK, September 19.—An| opening advance in the cotton mar- ket today was followed by declines under renew ¢ liquidation and South- ern selling. Prices later made new low ground for the movement, showing net losses of about 40 to 45 points, and were within 8 or 10 points of the lowest in midafternoon. The market opened firm today at an advance of 9 to 18 points on buying promoted by relatively firm Liverpool cables and reports of unfavorable ‘weather in the South. December sold up to 21.65 and March to 21.95 in early trading, net advances of 24 to 28 points, but con- siderable hedging supplied the early demand and prices eased off several points from the best before the end of the first hour. Private cables attributed the relative steadiness of the market there to local. London and continental buying, and said hedge selling had been light, but cloth and yarn buyers were cautious, with only a small business for the home and export trade. The volume of business tapered off later, with the market comparatively quict and fairly steady. The reaction from the opening advance carried prices off to about 21,.75 for March, or ‘within 5 points of Saturday's closing quotation, but part of the loss was re- covered, with the midday market rul- ing about 12 to 20 points net higher. Commodity News CLEVELAND, September 19 (Spe- cal).—More non-union miners from Clevelarid and the Pittsburgh district | are entering the non-union mines of eastern Ohio, and the possibility of a coal shortage appears farther away than at any time since the miners cesed work last Spring. BOSTON.—New England’s potato | crop is expected o total 43,776,000 | bushels, or 118 per cent less than | seemed likely August 1, according to the New England crop reporting serv- ice. This is 5.6 per_cent under the harvest last year. Maine's yield is expected to be the lowst in five years. EVELETH, Minn.—Production of iron ore for the Eveleth district is run- ning at a high rate, and 3,000,000 tons Is forecast for this season. Total oper- | ations on the ore range, however, are | running at a rate a little less than a year ago. AKRON.—Akron rubber manufac- turers. have entered the Fall with no | slackening in demand. General Tire & Rubber reports present operations exceeding those of July, while B. F Goodrich Co. reports a steady increase | in output. PORTLAND, Oreg.—Production of | 123 mills reporting to the West Coast Lumber Men's Association in the past week was 107,176,343 feet. Orders to- taled 98343.611 feet, and shipments | 89,695,355, showing a sharp decline in | output and shipments and a small gain in new busines. 0IL OUTPUi' DROPS. NEW YORK, September 19 (#).— Daily crude oil production in Califor- nia Inst week averaged 638,500 barrels, a decrease of 3,500 barrels daily from the preceding week. | SHORT-TERM SECURITIES. (Revorted by J & W. Selizman & Co.) ——Noor Alum_ Co. of Amer. 5s 1 Am. Tel. & Tel. Co. 48 1 American Thread Co. G 1 Anaccnda Covper 6 aciated Oil s 1to. tavi 1. B rie Rwy. Co. 7s 1 Gen, Mot Cce. Corp. 68 1057, Gen'l Petralenm Cor. 58 1940 B F G G 1829 i P e ] o My Gut A R n 1033 Sid Ol of N 2a 1946 SUEL I MO &S Ry An Swift & Co. ‘B 14 Thion Oil af Callf. by 1033 0 Chign Pac Co, s 1078 AT 1 U S Smelting Co. 53 Whoeline: Steel © 818 1 TREASURY CERTIFICATES. (Reported bv J. & W. Seligman & Co.) ———Noon. 3 S Rate—Maturity, 4338 Dec. 151927 31x Mar. 15 19 b i 3is Mar 18, 19330 1 P THE EVENING STAR. WASHINGTON, D. C. MONDAY. SEPTEMBER 19. 1927 CAMADAIS SEEKING FRERHT PRORTS Effort to Divert Grain to 0wn‘ Ports Likely to Be Felt by | U. S. in Lean Years. BY J. C. ROYLE. Special Dispatch to The Star MONTREAL, Quebec, 19.—Canada is now en, in mar keting a grain crop which the most conservative estimite at above a bil lion bushels, of which 458,741,000 is wheat. It is evident that the tre- | ased buying power of the Canadian farmer and all those whose prosperity grows as the farmer prospers will have an effect of no small moment on the carriers, manu facturers and exporters of the United Sept the United Stat, country and pro: in the Dominion flected south of the border. alone will have 50,000,000 to spend arvest is over. least the at st when The amount the Canadian farmers |pacity has just from the United | keep pace with the demands of W« But the rail rate from | the head of the Lakes to Quebec has | on now been reduced to 18% cents a 100 | that e that figure and the will This will continue |he easy for her to do In the Win- will spend on ggoc States and on charges of Amer shipping interests and ties seems likely n |ers ex 1o be less rail port in the total, owing to the hu crop, will | be about the same as go. Canada Loses Profits. te Canada aware »f the profits which have accrued to | Amer tion and handling become acutely I charges and in the | s, owing to the ship- large proportion of in abroad , both on the Atlantic d on the Lakes alive to the fact that wde which might be handled here has been diverted to Buffalo, | w _York, Phi Baltim ind Newport N Quebec and St. John imoring for | some means of diverting to them the zolden flood which through Portland, Me., and other north A tic ports, Some diversion of this is inevitable so long as carrier tonnage is available in profusion at American ports when the demand calls for it, anada is doing what she can to| grievances of her mari- The recent change in m the West to Que- N Montre much pr W fro di proportion than usual, although |from over tw Quehec capacity this Fall. | during the rush months. with big step in development of demand for Canadian cereals in the Orient China vice to wheat flour. of North t Montreal's. facilit n shippers. elevators ies, r it is believed the result ing rolled across in the Quebec over the St. Lawrence to the all-year an railways from transporta- | round ports of Halifax and St. John la T Western | bec on the East and Vancouvef on the West. is such a step. although an other huge addition to elevator ca- been ordered, cannot | p be xed cent rate e quant Route Through Canal. The Board of Railway Comn through | ers of the Dominion has also decreed that what are known est pass rates shi rovinces westwar to Europe d via to This will not only open route s the Crow's 1 be applicable to all shipments of grain from the prairie Vancouver. a Canadian the Panama Canal, but will have a direct bearing to | since it will afiect a close and profit- | bla market. Already Canadian mill- | ers are at an advantage in France, owing to a favored-nation tra ct, as Am sul ‘ cannot be conducted on a v schedule, and it is obvious if Canada finds an increasing market for her products elsewhere | than in the United Stat it will not nuch purchas- ’iu:‘ in the United § es hereto- n | fore This effect is ine able. but S | owing to the huge size of the Canadian bridge | crop this year it will not be felt so keenly in the United States as it will | {in the leaner periods when the pur-{ hasing power of the Canadian farmer dion- FREIGHT TRAFFIC fiROPS‘ . September 15 (P).—| Canadian railroads September 10 wrload hefore and the development of Canadian trade ith the Orient American in mil and Japan The keep the great riv st to West South, ng on ‘om [ rect bea Baltimore SEPTEMBER 24 to OCTOBER 8 THE FAIR orrae IRON HORSE A PAGEANT AND HISTORICAL EXPOSITION DEPICTING A CENTURY OF PROGRESS IN RAILROADING . e e v L 4 dire lers, are is determined to f trade flowing and Am t competit ark and 1 turning will hav erican wher from de. | previou REVENUES SHOW GAIN. NEW YORK, September 19 (4#).— )ss revenues of the Canadian Pacific tember 14 amounted to 22,153.000 in the < period | Specjal Disp | h | tion TOBACCO TRADE SLOWER.| MARKET BONDS THIS WEEK. Receipts and Sales of Maryland Leaf Show Falling Off. h to The Star. BALTIMORE, September 19.—Re- ceipts of Maryland leaf tobacco last week totaled 1348 hogsheads, while sales of 1,635 hogsheads were report- cd. This compared with rec s of 1,787 hogsheads and sales the previous week, leaving ¢ State tobacco warehouscs hogsheads All desirable grades continue in t00d demand at full quotations. but 1y very common and nondescript heads remain unsold. Quoia s today for leaf tobacco per pounds: Inferior, 5.00a8.00 3.00a4.00; sound common a ish, 9.00a16.00; good 0240.00; common to mec seconds, good to fine upper country air cured ground leaves, nominal 15.00 .00 EXTRA DIVIDEND VOTED. NEW YORK, 10 P “anada_Dry Ale declared a divi cents and the rex ular quarterly of 75 cents, hoth pay able October to September | | West Virg BALTIMORE, September 19 (Spe- cial).—An issue of $2,000,000 State of a road bouds, dated Janu- vy 1, 1927, awarded to a banking roup composed of Baker, Watts & Co. and Mercantile Trust and Deposit Co. both of Baltimore, and Eldridge & Co. of New York, will be offered publicly his week. The price paid by the suc- cessful bidders was approximately on a 4 per cent basis. At what figure the issue will be offered has not yet been decided 1 . PAINT PLANT PLANNED. BALTIMORE, September 19 (Spe cial).—A two-and-a-half-acre tract of land between Colgate Creek and the vania Railroad has been ac- y George B. Dunford of the International Paint Corporation of St. Louis. Plans of the purchasing com pany include the erection of a pla the newly acquired propert the manufacture of industrial paint When in operation the plant will g employment to several hundred wo RUBBER DECLINES. W YORK, September 15 (Spe ).—Crude rubber, smoked ribbec sheets, declined at_tod: noon quotation of 33X ‘This compares stock of record! with 35'2 a month ago and 41 a year The Baltimore & Ohio Railroad invites you to an historical pageant of transport. An exhibition such as has never before been presented for the education and interest of the men, women and children of America. A vital, moving pageant that will show you history in the making— scenes you have never seen before and probably will never see again. Come and see the story of inland transport told in detail! Highway progress! The Stage Coach! See tiny ‘““Tom Thumb”, the first American locomo- tive. The “camels” and the ‘‘grasshoppers”—the old wood-burners with their huge smoke stacks—See each step as railroading advances through the hundred years from those tiny locomotives to the great ‘‘President engines that haul Baltimore & Ohio trains of today On a thousand-acre tract, a loop track 6,000 feet long and upon which the pageant will move has been laid down; a grandstand, 800 feet long and seating 12,000 people, erected; for the exhibits, a brick-and-steel Hall of Transportation, 502 feet long, constructed; other necessary auxiliary build- ings provided. More than a thousand people will be employed in the production. Pageant moves daily except Sunday and Monday, at 2:15 P. M. Exhibition open weekdays 10 A. M. to 5 P. M.; Sundays 2 P.M. to 5 P. M. 0 ADMISSION CHARGE. Reserved seat tickets—as long as they last—may be had on application to THE CENTENARY DIRECTOR, Baltimore & Ohio Railroad, Baltimore, Maryland. There is ample room to accommodate more than 50,000 visitors daily. Please specify the day you wish to attend Spegial round trip fare $1.00. Tickets sold daily, good on trains leaving Washington 10:00 A.M. and 1:00 P.M. Valid for return only on special trains day of sale. For details apply to Ticket Agent. (Standard Time Shown) BALTIMORE & OHIO /