Evening Star Newspaper, September 23, 1927, Page 16

T e A THE , EVENING STAR. RAIN SENDS FLOW OF GOLD TOFARMS 310,000,000 a Day Pouring‘ Into Pockets of North- western Growers. ; BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, September 23.—The movement of small grains to the| Yorthwestern terminals today is at| 1 - peak. It is adding to the wealth of Yhe farmers of the great grain-grow- fng_States of that section at the rate of $10,000.000 a day. Since September | I the movement has averaged more “1in 1,000 car loads a day into the | T\ Citles elevators alone, while a ymount also is going to Duluth | hipment down the lakes. 'he value of the daily receipts hs exceeded that of the bumper crop day when Europe was clamoring | : Railroads of the North. | west, which up to September were not piling up any earnings records, now are making up for lost time, due to lateness of the shipping season are handling the greal volume ain from farms to terminals out delay or confusion. and are in Vetter shap: to handle the tremendous requirements of the situation than cver before. There has been an em- bargo on grain at one or two points, hut this was caused by inability of | grain inspectors to crowd | igh inspections, rather than to! the failure of the railroad facilities. | | Drop in Grain Prices. The unfavorable factors in the situa- | tion are the drop in grain prices whic 100k place in recent weeks and the unexpected heavy Canadian yield. he receipts at Duluth, which have | ded 2,000 cars on some days. are destined either for down the lakes before the close of | | onds, 36a37 transshipment | payable ern Pacific loadings have been in ex- cess of 600 cars, with the Soo Line not far behind. The decline in prices since Septem- ber 1 has been gradual amounted to between 6 and 7 cents a bushel for spot wheat in the North- west, Corn prices have improved in the face of the statement * the De- partment of Agriculture that farm prices for the remaindes of the vear were not likely to exceed the present level. As in the case of cotton, the action of the department in comment- ing on or discussing probable price developments has becn severely eriti- cized in the grain trade. Flour Mills Active. Data on the number of cars avail | able for transportation of small grains in the Northwest, the storage space at terminals and other mat. movement in the history of the North- west have been under consideration by members of the ‘joint terminal grain committee of the NOI‘:)I\VQ?K- ern Advisory Board. Thi tee represents the public as well as the carriers and terminal men in the handling of the grain harvest, and is given credit for much of the smoothness with which the trans- portation of the huge crop is being handled. The flour millers are working at top speed in many of the great mill ing centers. Some flour companies have shown a gain in earnings for the last 12 months ranging as hizh as 76 per cent. In the case of the company which showed the greatest improvement, sales were 14 per cent in volume, but the profit per dol of sales increased nearly 100 per cent. BUTTER IS HIGHER. 3 (A).—But- ubs; cream- ards, 43; ex- stan NASH MOTO;IS EXTRA. NEW YORK. September 23 (#).— Nash Motors declared an extra divi- dend of 50 cents a share and the regu lar quarterly dividend of one dollar, October 20. Net income for the firs nine months of the company ters connected with the greatest grain | firste, 39a40%3; sec- ovember 1 to stock of record | TRADEIN SEAFODD Lut has| IS BRISK IN MARKET | Cooler Weather Also Tends | : to Spur Sales of Other Foods, Wholesalers Say. | Municipal Fish Market presented a | busy scene this morning, retailers and | consumers being on hand at an early hour to obtain supplies of fish, oysters | and crabs. | Several 'varieties of fish were scarce and high, rockfish, quoted at 35 cents, | leading the high prices. A range of | prices from 35 to 7 cents made it pos- sible for retailers and consumers to |get supplies at prices suited to their finances. An increased demand for oysters was evidenced during the early morn- ing_hours, shucked and shell stock finding ready sale. Dealers offered standards at $2 and selects at $2.36 1 gallon. | Cooler weather also had a tendency ‘m increase sales of numerous othcr commodities today. Prices of most | commodities were about the same as | prices quoted yesterady. | Today's Wholesale Prices. | Butter—Fresh, 1-pound prints a4y; tub, 47 ; store packed, £ selected, 37a38; current receipts, 35 alive—Turk nall to medium, 21a pring chickens, 28a30: rooster: 19; ducks, 18a20; keats, young, old, 35. Dressed — Turkeys, B | 24: | 34a | smokea shoulders, 18; smoked _shoul lavd, 15a15%. choice, 14: 1 Spring lambs loin: hams ve stock . 11a12; thin, 8a$ navigation or for storage in the ele- vators at the American head of the lakes over the Winter. The Great Northern has been handling upward | £ 1.100 cars daily. while the North The ¥ vear was $15,790,260, equal to $ share, against $14,791,991 share in the previous PACA~LAM A Fashion Park Top Coat Fa of Jele English Patterns Woven Fr GCUTEN W & South Amer Alpaca..‘ Positive Joix ey aDwoddileirs otherys Forty to One Hun F"eaturing Also Exclusive patterns in Knit-tex TopCoats @t.........ocueeererunenneins Richard Austin, London-made, Top 845 to 575 Coats, exclusive with us.... Tode’s special designs. Wrinkle Proof Fruit and Vegetable Review. Tuday’s market report on fruits and vegetables, compiled by the Market bric € it om ool ican o dred $30 oeee 435 "{market about steady: New York, In- .| moderate, market dull; New Jersey, News Service, Bureau of Agricultural Economics, says: Apples—Supplies liberal; = demand moderate, market steady; boxes, Wash- ing, combination, extra fancy and fancy Winter bananas, medium to large size, 3.15a3.25; bushel baskets, Maryland and Virginia, United States No. 1, 2% inches up, Grimes, 1.50a2.00; unglassified various varieties, medium | to large size, 1.25a1.50. few higher; | Virginia, United States No. 1, 213 incheg up, Delicious, few sales, 2.50a 18.00; Jonathans, fews sales. 2.00, Cabbage—Supplies moderate; de- mand light. market dull; too few sales reported to quote; homegrown mostly supplying the market. | Cantaloupes—Supplies moderate; de- | mand light, market slightly weaker; | Colorado, Salmon Tints and Pink Meats, standards, 4ds, 2.00; standard flats, 12s and 13s, 1.10a1.25; Jumbo Pink Meats, 1.25a1.50; Honey- ‘olorado, standard crates, 12s, : 8s and 9s. 2.00a2.25. Celery—Supplies moderate; demand moderate, market about steady; New hird crates, 2.00. sastern stock moderate: demand light. market dull; New York 2-quart climax baskets, | Delaware, 1214a20: 2-quart climax bas- mostly 22; x baskets, C Western stock moder- | moderate, market dull: | Flame Tol okays, 1.60a1 York, two-f ly around 1. Lettuce—Supplies of Western stock | moderate; demand good, market firm; Tceberg ty and condition, 2.5 dozen, good qual- ity and condition, 3.50a3.75; fair qual- ity and condition, 2.50a3.00. Onions—Supplies light: demand light, | Colorado " crates, | dozen, fair quality 22.75; California, diana and Ohio, 100-nound sacks, yel- lows, U. S. No. 1, 1.75a2.00. Peach Market Dull. | Peaches—Supplies moderate; demand ' | bushel baskets, white varieties, frees, 2.0022.25; bushel baskets, Elbertas, v around 2.25. | i Peas—Supplies very light; too few | sales reported to quote. Pears—Supplies moderate; demand moderate, market steady lifornia | {and Oregon, boxes, Bartletts, No. 1, | | medium iz a New York, bushel basket fancy higher. | Potatoes—Supplies . moderate; de- | mand moderate, market about steady New Jersey, 150-pound sacks, Cob- blers, U. 8. No. 1. mostly 3.75; Penn- sylvania, 150-pound sacks, round whites, U. S. No. 1, some ordinary condition, mostly around 3.25, few higher. Sweet potatoes—Supplies moderate; demand light, market dull; Virginia, | Norfolk section, and North Carolna, cloth-top barrel, yellows and reds, mostly around 2.00; Eastern Shore Maryland, bushel hampers, yellows, few sales, 1.00; Anne Arundel County, Md., cloth-top barrel, yellows, few sales, 3. Tomatoes—Supplies liberal: demand moderate, market about steady; home- grown, one-half-bushel hampers, va- rious varieties, mostly around 5, few higher. Lima beans—Supplies liberal; de- mand moderate, market steady; East- ern Shore Maryland, bushel hampers in hulls, 1.00a1.25; homegrown, quare crates, shelled, mostly 20c quart. Cauliflower—Supplies moderate; de- mand moderate, market slightly weak er; New York, crates, 1.50a1.7 crates, fair quality, mostly 1 Cucumbers—S light, market dull; New York, 2-dozen crates, No. 1, 1.75, STEEL PRICE UNSETTLED. NEW YORK, September 23 (#).— Prices on steel plates, shapes and bars remain unsettled in the East, following the recent announcement of 1.75 cents, Pittsburgh, as the minimum. This is having the effect of reducing prices in the East, Daily Metal Trade says, as well as in other districts. Imported steel is a factor. bringing about lower warehouse quotations on plates, shapes and bars in Philadelphia. Alloy steel bars are more active in the L‘hk‘:lgo\ market. PRICES ON PARIS BOURSE. PARIS, September 23 (#).—Prices were irregular on the Bourse today. Three per cent rentes, 56 francs 90 centimes; exchange on London, 124 francs 2 centimes; 5 per cent loan, 76 francs 35 centimes. The dollar was quoted at francs 481; centimes. .. EARNINGS SHOW INCREASE. NEW YORK, September 23 (#). Telautograph Corporation earned 71 cents a share on the common, after preferred dividends, in the first eisht months thi share in the same period of 192 profit rose to $1 pplies light: demand | year, against 50 cents a | WASHINGTON, D. €. TRIDAY, SEPTEMBER 23, 1927. RAW SUGAR STEADY. | Futures Trading Is Small—Refined | | Market Is Unchanged. | NEW YORK, September 23 (P).— | { The raw sugar market was unchanged early today in absence of business, | with Cuban quoted at 4.80, duty paid. With some announcement relative to the restriction plan in Cuba ex- pected from official sources next week. trading in the raw sugar futures mar- | ket was of small proportions. Prices, however, except for Septem- ber, which was easier under liquida- tion caused by the issuance of 33 no- tices, held steady on covering and some trade buying. with the market at midday 3 points lower to 1 point higher. > refined market was unchanged 0 to 6.00 for fine granulated. Withdrawals on old contracts were good, but what little new buying was in evidence was limited to nearby re- quirements only. COAL MARTS ADRIFT. | ,NEW YORK, September 23 (£).— | | The collapse of the Illinois wage ne- | | wotiations has left the bituminous | roal markets of the country adrift. | Coal Age News reports. Uncertainty | i in evidence in all sections. The | { most important factor in the situa- tion is the high rate of production | from the non-union fleld, and from | those union operations which have | made peace with the United Mine | Workers. Output last week was esti- | mated at 9,950,000 tons. This brings cumulative production-to last Satur- day to 375,404,000, against 384,400,000 | tons for the same period last year. | | NEW YORK MARKETS. | NEW YORK, September 23 (#).— | Flour steady; Spring patents, 6.90a Rye steady; No. 2 Western, 1.10% 2 . 0. b. New oYrk and 1.085% c. i. f. export. Barley firm; malting, 931 c. i. f. New York. Lard easy; Middle West, 12. 12.70. Wheat futures opened firm: do mestic December 1.321;. Other articles unchanged. New Brant 5921 Ga. Ave NW NOW READY T0 SERVE YOU IN BRIGHTWOOD NEXT TO CAD 3ARN Lumber £ MAIN OFFICE, 6th and C Sts. S.W. CAMP MEIGS, 5th & Fla. Ave. N.E. Brightwood, 5921 Ga. Ave. Commodity News SHREVEPORT, La., September 23 (Special).—Prices of crude oil in the Smackover field now range from 90 cents to $1.15 a barrel, according to gravity. This represents a drop of 10 cents a barrel from, recent levels and records the first cut since July 7. KANSAS CITY.—Kansas City mills | have set a new flour production rec- ord in the last week, turning out 175,- | g7, cars; tradh very c 500 barrels. or at the rate of 95 per | wo-yer: “5’,&2;‘-,,,"’,.:!8;‘,; cent of mill capacity. | whites, 1.65a1.90. tew fancy, 2.00; Min- MANCHESTER, N. H.—The shoe | NeSota. sacked round whit 02 industry of New Hampshire is operat- ing at a high rate of capacity. The J. J. McElwain Shoe Co. is turning out 16,000 pairs daily and other manufac- turers are stepping up production or increasing facilities. London S Borsalino Italy merely one of for sale and p Our | service. | sound. intimate touch commissions. urchase. knowledge of values, with the market. NEW YORK, September 23 (Special), ~—-Crude rubber, smoked ribbed sheets, remained unchanged at toda quotation of 331, cents. pares with 35 cents a month ago and 438 cents a year ago. 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