Evening Star Newspaper, December 5, 1927, Page 13

TRANG .00 N CEATERMARKET Prices Are About Steady. Dealers Have Ample Sup- plies on Hand. Sloppy condition of the streets about Center Market this morning was not tonducive to active t : is dull on Monday mornings, r s are lght, ship- s seldom doing s of all and ad- not expect 1 during the r - |institute at Chic PROBLENS FACNG 0.5 0L WOUSTRY Wesl Texas Field Looms as Flush Output Area—Nature Is Factor. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 5.—The prospect of higher gasoline demand than ever before is the most favorable factor in the petroleum ation at present, according to members of the American Petroleum Institute on their way to the meeting of the . It is estimated that there have been 300,000 prospec tive purchasers of automobiles who have put off their buying until around the first of the year. That is, the tions are 300,000 2ld normally be. ill be filled in Janu- and the tabulations ary undoubted ented by hundreds of will be a - | thousands of regular normal seasonal sales. That means that every new tank will be filled again and again and that the consumption figures will rise even above the 1927 high point. Production Is Heavy. Gasoline production so far this year has averaged over 27,000,000 gailons a month. Stocks of gasoline despite the fact that consumption has been between 15 and 20 per cent higher than ever in history gained through- out most of the year and it was not until the last few months that they fell below the figures of 1926. Prices in general are at least 4 cents a gallon lower today than a year ago ! for the country as a whole and in eef, 18a2f° some sections the difference is even more marked. fresh ham, ders, 18a19; smoked shoul- als 24; lard, 14; , 15; lambs, 18. Fruit and Vegetable Review. lay’s market report on fruits and es comy by the Market Service Burcau of Agricultural moderate; demand In spite of the improved productior however, the delegates to the institute meeting are not anticipating a smooth and peaceful session. They have many battles to be fought out. The peak undoubtedly has passed in the pro- duction in the great Seminole fleld, but nobody knows what the West ‘Texas area will bring forth. In the latter area production has risen over 400 per cent since this time last year, with potentlal production placed ten- tatively at 600,000 barrels a day. How to Curtail Output. Crude production for the country as | a whole now is ranging around 2,450, ncy Jonathans, mostly 02 CabbageSupplies moderate; de- mand light, market steady; New York, sacked, per. hundredweight, Danish type, .00 Celery—Supplies light; demand mod- lies moderate; demand moderate, market steady; California, crates Iceberg type, dozen, 5.00a 6.25; Florida, 13;-bushel hampers, Big Boston type, best mostly, 2.50, poorer, s—Supplies limited; demand market firm; Michigan, 100- Yellows 8. No. 1, medium to ge size, 1.90; New York, 100-pound el Yellow U. 8. No. 1, medium to large size, fair quality, 1.65a1.75 Potatoes—Supplies light; demand moderate, rket steady; Michigan, *150-pound s, Russet Rurals, U. S. 3 as 3.40. upplies light; de- dull; few sales; light, pound = irginia, cloth-top s, No. 1, 2.25a2.50. Tomato Market Steady. Tomatoes—Supplies light; demand moderate, market steady; Texas, lugs, green, wrapped and ripes and turning, ‘wrapped, from ripening rooms, mostly eround 4.50; repacked, California, threes, ripes, wrapped, fair quality and condition, 3.90; Bahama, threes, ripes, wrapped, good quality and con- g{,tlom 4.70; Ohio, 10-pound baskets, thouse stock, medium size, 3.00; large and small sizes, 2.25a2.50. String beans—Supplies demand _moderate, market steady; Florida, 7-bushel hampers, Valentines, 1.50a’ ; few higher; 5a2.00; flat type, string- less, mostly 2. some refused. Cucumbers—Supplies light; demand moderate, market steady; Florida, ’ square bushel crates, fancy, mostly 4.50; choice, mostiy 3.50. Eggplant—Supplies liberal; demand light, market weak; Florida, pepper crates fancy, 1.50a2.00. Peppers—Supplies moderate; demand light, market steady; Florida, pepper crates fancy, 2.00a2.25. Squash — Supplies light; demand light, market steady; Florida, pepper crates whites, wrapped, 3.00a3.50; yel- Jow, few sales 3.00; bushel crates fancy white and yellow, 2.00. Beets—Supplies light; demand light, ‘market stea Texas, bushel baskets, bunched, 1 00. Carrots — Supplies light; demand Jight, market about steady; California, very few sales 3.00. Spinach — Supplies light; demand light, market dull; Texas, bushel bas- 000 barrels a day. About 250,000 bar- rels a day still must go Into storage. Increases in West Texas would work further havoc. But how to curtall this new flush production? The efforts to- ward voluntary shut-downs in the Seminole field were unavailing. The Government has shown it will not in- terfere actively. The shut-in production of the country today is about 300,000 barrels a day. Much of this is in California. The Western men naturally feel that they are being penalized by the over- production in the Midwest. The Mid- ‘west felt the same way when the Cali- fornia flelds were flooding the market with oil. But there seems likely to be a demand from the Far West for cura- tive methods in the new fields at this meeting. Considerable person bitterness is likely to be injected into the Chi- cago discussions if some delegates do as they threaten and, propose punitive action in the case of certain men in the industry whose actlvities they feel have not been advantageous to the in- dustry as a whole. Nature Big Factor. After all, Mother Nature is a factor most relied on to adjust the situation. As oll is drawing new pools, the pres- sure eventually must drop and flush production decline. That is absolutely effective, whatever may be the results of efforts toward co-operative restric- tive action, It is pretty hard to con- vince a man whose lease has put a brief tirhe to run that he should cap his wells and decline to improve his opportunity for certain profits. In the meantime those concerns best situated financially are taking what advantage is possible of cond ; | tions. It is sure that oil stored now at low prices will eventually appreciate in value if the owners can afford to hold it. Some companies are buying up valuable holdings at depression prices. Many companies recently have acquired new methods of handling crude and distilled products and for making liquid fuel out of coal tar and rubber out of ofl, but most of these processes have been “hung up to dry” since they are not now commerciaily valuable as competitors with ofl and gasoline at present low prices. SOUTH IS PROGRESSING. Moving Forward Faster Than Other Sections, Baltimoreans Think. BALTIMORE, December § (Special). —The South is making faster pl!:)gren?u industrially than any other section of the country, according to manufac- turers and wholesalers here. There was a time when failure of the cot- kets, ordinary quality and condition, 75a90. I Fisher’s Price Index | The following table shows the aver- ege movement from week to week (1) of the wholesale prices of 200 rep- yesentative odities (from Dun’s Review) and of the purchasing power of the dollar: Purchasing .0t pover 2 per of the dol- oLpre- lar i pre- o L index No. o1 i per cent ton crop meant acute trade depression in the South, but that section did not then take important rank as an in- dustrial center. Today it is second only to New England in some lines of production. Many of the largest cotton mills in the Nation are located in the South and others are seeking sites there. Output of wood products and finished iron and steel and many other articles also is steadily increasing. g il S WILL RETIRE PREFERRED. NEW YORK, December 5 (A).— Beechnut Packing will retire its class .| B preferred at 115 and accrued divi- dend on January 15. The final divi dend of $2.05 a share was declared | | payable January 16. The kind of fish cakes you make yourself when you have time. Gorton’s famous Codfish (No Bones) in gen- erous proportions with fine mealy potatoes — all ready for you to shape and fry. The original prepared fish cakes. s Gorton Pew Fisheries Co., Ltd,, Gloucester, Mass. STAR, WASHINGTON, D. THE EVENING : e — — ————— ————— —— ———— INCREASE IN STOCK DIVIDENDS IS SEEN Trade Commission Report on Norris Resolution Shows Big Gain, Heavy Increases In the amount of stock dividends paid by corporations since the Supreme Court held that is tion of one bottle of Snider’s ular 35¢c and 25c sellers, re: very special price. One Bottle each Chilli Sauce and Catsup goodness of “Snider’s.” Special This Choice of Deals Kirkman’s This good grade laundry as a soap of A-1 quality. Purchase Deal Cakes for No. 1 You will receive free of Sunshine Soda Crackers. 50c You will receive free one tin of “Sealect” Evaporated Milk. Purchase Cakes for No. 2 “Thin Shell” it 37c Mincemeat This is the season to eat famously good food. Social Club, 2. lar, 39¢ Old Homestead, '+ 17Y3¢ this Richardson & Robbins PLUM PUDDING Does away with the old-time worry and fabor incidental to a successful Christmas. 29c Citron & Peel Per Tin Dromedary Citron, Dromedary Lemon | Dromedary Orange, WILKINS BREAKFAST - COFFEE We are now stocked to offer Wilkins Coffee to our patrons, i 42¢ ZRSTII AN one bottle of Snider’s Tomato Catsup, reg- 44c Most of you know the quality and advertised and known by many housewives 25¢ such dividends were not taxable to shareholders was seen today by the Federal Trade Commission in a report covering stock dividend transactions. An inquiry conducted by the com- mission under a Senate resolution in- troduced by Senator Norris, Repub- lican, Nebraska, revealed that a total of $6,253,818,026 has been pald in such dividends since 1920 by 10,245 corpo- rations. In the preceding seven years prior to the decision of the court 4.967 of these corporations paid $628, 002,448 in stock dlvl?endm In the seven years prior to 1920 these 4987 corporations paid stock dividends to the extent of 15 per cent of the total dividends issued by the IV AN Week Snider’s Chili §auce Catsup We are offering for this week a combina- Chili Sauce and spectively, at a group. Since that time stock divi- dends amounted to more than 45 per cent of the total pald. A comparison of the stock dividends with increase in capitalization in a group of 2,846 corporations whose an- nual reports were available showed that a total increase of stock capi- talization since 1920 amounted to $3,- 066,918,746, with stock dividends con- tributing more than 76 per cent of the total. In the previous seven years stock dividends aggregated only 44 per cent of the net increase. In a group of 1,000 corporations ex- amined there was an absolute increase in stock dividends of about 438 per cent since 1920 as compared with an Special This Week Sanitary Spaghetti Macaroni Week Soap soap nationally one package The finest “Floridas” obtainable at the present time. and Noodles 4Pkgs.25¢ You may assort accord- ing to your preference, any Navy Beans. . . .3 ™ 25¢ Lima Beans. . ....™ 10¢ Red Kidney Beans.™- 10¢ Black Eyed Peas.™- 71¢ Quaker Corn Meal Pks-10¢ Hominy Grits. . . .Pks- 10¢ Hominy Grits 's*- pks. 20¢ Purchase a dozen at the regular price—you will receive fifteen— i When 12—15 e Gorton’s i > “Ready -lo-l"rf' tin ‘ 5 c Salad Fish t 12%2¢ Clam Chowder, # Deep Sea Roe " 17¢ Fresh Mackerel t= 14c Size can TODDY % 1..23¢c TODDY 1. 45¢ SEE SPECIAL TODDY ADVERTISE- MENT ELSEWHERE IN THIS PAPER Prices Effective Monday & Tuesday - Due to the inclement weather over the past week-end many of our patrons were prevented from taking advantage of the special low prices in effect. That all of you may participate in these savings we are con- tinuing for Monday and Tuesday only the same offer on Oranges, Tan- gerines, Cabbage and White Potatoes. ORANGES [POTATOES| CABBAGE Regular Grade A Maine White Potatoes C, MONDAY, DECEMBER 5, 1927. increase of 73 per cent in the same period before 1920. In the period since 1920 the stock dividends were about 41 per cent of the total dividends and in the seven years prior to 1920 were about 18 per cent. v OPEN BOND BIDS. Special Dispatch to The Star. BALTIMORE, December 5.—Bids will be opened today for an offering of $30,000 Federalsburg, Caroline County, 4% per cent water bonds, for which a number of banking houses will compete. Special This Week- Sun-Maid Raisins Seeded or Seedless 2Pkgs. 20c TOBACCO TRADE SLOWER. Both Receipts and Sales of Mary- land Leaf Show Declines. Special Dispatch to The Star. BALTIMORE, December 6.—Re- ceipts and sales of Maryland leaf to- bacco continues to show declines each week, according to the weekly report of the storekeeper of the State to- bacco warehouses. Receipts last week totaled 122 hogs- head, while sales amounted to 294 bogshead, leaving a stock in State 13 Quotations today for Maryland leaf tobacco per 100 pounds: Inferior, 6.00a8.00; frosted, $.00a4.00; sound common and greenish, 9,00a 16.00; good common, 17.00230.00; medium, 31.00a40.00; good to fine red, 41.00a55.50; fancy. 56.00a58.80; sec- onds, common to medium, 5.00a24.00; seconds, good to fine, 25.00a45.00; up- per country, alr cured, 3.00a25.00; ground leaves, nominal. —e Nationalists of China have legalized oplum traffic, and expect a revente from that source amounting to from $7,000,000 to $10,000,000 |n.tho next tobacco warehouse of 11,332 hogshead. three years. ecal Ths ee Famously Good Hershey’s Sweet Milk Chocolate A half pound of this fine chocolate at an extremely low price—only a full carload pur- chase gives us the opportunity of quoting such a low price. 19 2 5= 35¢ Special This Week Per Cake Sun-Maids give a grape- like freshness to your cakes and puddings. Woodlyn Currants Sunsweet Prunes s, 17¢ 2Ib. pke., 23¢ Sunsweet Prunes Ensign Peaches Blue Ribbon Peaches 11-0z. pkg., lsc Blue Ribbon Peaches Bulk Prunes, 80’s & 90’s Northern Crop 1b. phe., 14 4 21b. pkg., 2] ¢ 21b. pke., 39¢ 4 s, 25¢ tins for Buy a case at this price Cantrell & Cochrat;e’s C&C 1/, Pound Hershey’s Finest Campbell’s Tomato Soup Known by all and especially recommended during the chilly days. 29¢ $348 Imperial Dry Per Bottle Conveniently Packed in Cartons of Six Bottles 15¢ 85¢ Bell’s Poultry Seasoning “Famous Since 1861” Take advantage of the lowest prices in ten years. Per Head $9.58 Good weather and other factors make this price pos- sible. Purchase a quantity and store in a dry, cool place for future use. New Per “ 12%c | Bunch Crop CARROTS Just Received from Southern Points These heads *vary in size, so shop early and take your pick. illard Sweet Chocolate. . . ...10¢c Be Per Lb. Candies Marshmallows. .™ 35¢ Marshmallows. .t 25¢ Marshmallows. .Pks- 9¢ Merri Jellies. ™ 19¢ Merri Jellies . "= 25¢ “Paper-Shell” Pecans 49c Golden‘Ripe Fruit Choicest of fruits, pack- ed in transparent wrappers, which afford protection from dirt, dust and hand- ling. Citron, bulk. . . ."™ 35¢ % b, lgc Onions, Yellow. . .4 ™ 13¢ Onions, White. . .4 ™ 15¢ Sweet Potatoes. . .4 ™ 15¢ Lettuce, Iceberg. . .1 10c B. & M. Flaked Fish. . . .™ t 12%2¢ B. & M. Flaked Fish. ... . .'s> = 20c ‘Harvard Cooked Flaked. . .*= 12'2¢ Educator Cod Fish. . . . .. .b"* 25¢ Beardsley’s Shredded Cod. ...12%c Hake..\. ... ovnuinn % 12Vse Boneless Cured Herring. . . . .™ 19¢ Tidewater Herring Roe. . . ' " 18¢ Tidewater Herring Roe. . .*™ t 10c Tidewater Heyring. . . ..., .. .™ 10¢ Kippered Herring . . . ......" 12¢ Shrimp (dry pack). ......."17¢ Shrimp (damp pack) ... .. #** 35¢ CIGARETTES CHESTERFIELDS—CAMELS LUCKY STRIKES—PIEDMONTS 12%2c_ Con $1.19 Turnips Bulk Carrots Rutabagas 3 - 10c Assort as You Prefer Spinach ... Kale ...... Cranberries . .. .1 20¢ Grapes, Emperor.2 s 19¢ Lemons ..........%* 40c Hershey’s Almond Bar Lo Deitd Mott’s Per Pkg. Carton Johnson’s Mint Nibs. . . . . .t 29¢ Hershey’s Chocolate Kisses. . .™ 39¢ Royal Vanilla Chocolate. . . . .™ 25¢ Dot Sweet Chocolate. . . . .72 ™ 24c OhHenry............ 37 25¢ Hershey’s Chocolate Bars ... 3 ** 10¢ e .3110c Hershey’s Goodbars. . . . . .3 *r 10c Caracas Sweet Chocolate. . . 3" 10¢ Peter’s Milk Chocolate. . . .3 10c Peter’s Nut Chocolate. ... .3 %™ 10¢ Nestle’s Chocolate Bars. . ..3 ™ 10¢ “APPLECIDER | Apricots Peaches Prunes Nut Meats ble of shelling nuts. the addition of nuts. ideal food. Black Walnut 1. 35 1-Ib. pkg., zsc 2-Ib. pkg., 3s¢ Saves you the time and trou- Salads and other foods greatly improved by Nature’s Salted Peanuts. ..3 °*» 10¢ Salted Peanuts. . . .6 °= 25¢ Pecan Halves. . .31 o=+ 32¢ Walnut Meats. ...3 o= 23¢ Walnut Meats. . . .8 o= 49¢ Meats. .......5 % 38 Qumzzc 1/, Gallon 42c Lemon Peel. .. 20 FATIMAS Per Pkg., Carton, $1.59 No cha fo: ‘l:ml‘t'lgee 79c G- No refund on bottle Dates and Figs %, 19¢ Orange Peel. . . . 29¢ lic = % b, 19¢ This four “sticks” to the pound carton. : butter packed Per Each egg absolutely Per guaranteed by us. i Tin.. Il (I s Dromedary Dates. . .Pks: 20¢ Black Pa'm Dates. . . .Pks. 9¢ Black Palm Dates 'se- pks. 23¢ Marvin Golden. . Altex Figs. .. ...... .Jar 30¢ Carpenter Figs. .. .t 17Y¢ Carpenter Figs. . . .. .Jar 15¢ Caravan Figs. . .., .Pks: 15¢ Blue Ribbon Figs. . .Pks- 23¢ Cocoanut .. .PEE ]3¢ Baker's, in Milk . . ..t 17¢ Baker’s, Baker’s Premium Dry.......Hn 17¢