Evening Star Newspaper, December 9, 1927, Page 13

~ . L L Loy T -A‘u".ugcum‘.".-i-aarnvx ~ + L PP S P PP (ARasens e ae s ans B AR E | - e R £ S AT SRR cameh s S e INSTEEL ROUTED Foreign Makers Fail to Stand Pace of Americans in Basic Industry. BY J. C. ROYLE, Bpecial Dispatch to The , NEW YORK, December White sheeted bugaboo of fore! dustrial cartels or con &igned to snatch the ma world from A an manufaturers, has ceased to ify, at least for the time, A year ago, steel, in which there is & most active combination of foreign producers, was dropping off in produc- tion, Today the volume of steel being produced is about the same as at that time, but the trend is upward. The major steel consuming industries of this country are speeding up. It is this home market which has served to nullify the efforts of the foreign combinations. The ISuropean producers have the advantage of cheap labor and low costs, but they have not the home markets that would enable them to obtain quantity produc- tion on anything like the American scale. The advantage of producing in huge quantities has nullified the lower cost of labor. Price Trend Upward. Indications are growing that the chief purchasers of steel will be in the market in a broad way after the turn of the year, and the price trend, according to excellent judges, is up- ward, If these consuwers could buy cheaper from the European producers, many would do so. The truth is the foreign makers have not been able to hold the pace, at least in the United States markets. ‘This must not be taken to mean that the domestic producers have entirely plain sailing ahead. They have the threat of a severe competition always ringing in their ears and it is ot an idle threat. Every possible means of cutting costs is being considered out- side of the slashing of wages. That method of reducing costs has come to be considered obsolete except in the most desperate of industrial situations. Better business next year, with a general upturn in the iron and steel industries, is anticipated by steel op- erators, according to James A. Camp- bell, president of the Youngstown Sheet and Tube Company, one of the larger independents. “The outlook for iron and steel is much better,” he said, “and while defi- nite gains have been slow in making their appearance they will come. Prices for steel and iron will go high- er. Further advances will start a buy- ing movement. Most steel producers have gone as far as they can in cutting costs, but steel products prices will have to go up, and I am confident we will have better business next year. ‘Consumers’ stocks are generally low and there is nothing overhanging that should sériously disturb the business.” Further Mergers Debated. Not all steel men agree with the Youngstown producer as to the cutting of costs. That is the reason additional plants are being electrified and steel companies_are debating further con- solidations. The domestic market situation of some of the European producers was outlined today by H. J. Freyne, Chi- cago engineer engaged by the Soviet l Commodity News I WILKESBARRE, Pa., December 9 (Special).—It is estimated that the miners employed in the anthracite fields will recelve about §12,000,000 in pay within the next weck. dis- tribution 18 usually made to the men opportunity 1o do their Christmas shopping, and a iarge portion of this sum will be expended for this purpose MTAMI—Ground was broken today at Glewiston, Fla., for a 1 re finery which will be erec Southern Sugar Co. will mark the growth of lustry In Florida. T territory 18 being varietles of cane vield returns and the eane used by the Celotex Co. to muke wall in- | hoard. DETROIT.—Self- chase of toy some of the department stores heve, which have established “toyte de- partments. Under this plan, toys suit- able for certain ages are grouped to gether so that purchasers can readily pick them out. YOUNGSTOV uyers are wait- ing to place th orders for the first quarter of 1928, holding off because steel makers are insisting on hizher prices. No new black sheet mills will be constructed by the new Republic- ‘Trumbull combine. PORTLAND.—Oregon and Wash- ington cranberrics are being shipped steadily into the Eastern States, in- dicating not only a short erop in the East, but a fine quality for the Pacific Coast product. It is expected the coast supply will be cleaned up by Christmas. developed in .- COAL TRAFFIC SHRINKS. Falling Off of Fuel Shipments Hits ‘Western Maryland’s Earnings. BALTIMORE, December 9 (Spe- cial).—Shrinkage of $373.068.45, or 51 per cent, in coal shipments was the chief factor in the loss of $1,022. 953.44, or 38 per cent, in estimated earnings of the Western Maryland Railway for November. For the eleven months of the calendar year estimated earnings dropped $2,432,668.20, or 11 per cent. Receipts from the movement of coal was $2,131.872.39, or 17 per cent, smailer than for the corresponding period in 1926. STEEL SCRAP ADVANCES. NEW YORK, December 9 (#).— Heavy melting steel scrap has been ad- vanced 25 cents a ton in the Chicago district, quotations ranging from $12 to $12.50. government to organize the iron and steel industry in Russia. That coun- try, he said, despite its huge natural resources and supplies of labor, would be unable to compete in America in world markets for a score of years to come. - t is the Russlan domestic market for the iron and steel products that the Soviet government intends to produce, that scores of years must elapse before the slightest effect of Russian competition will be felt in the steel centers of this country,” he said. “On the other hand the encourage- ment of demand will create a buying market in Russia, which will form an important outlet for surplus American manufactures. The yearly pig iron production of Russia is 8 pounds per capita as compared with 900 pounds per chpita in the United States.” rvice in the pur | Other Change Reported by Dzalers. Reductions in the p { wholisule, and a 4 downw 1 trend in the prices of lard were re- ported by dealers at Center Market ht Turkeys are selling today at from 10 to 43 cents a pound, today's top being equal only (o yestirday's imum price and 2 cents lower than le top price for yesterday. Lu elling today at from 13% to 14 cents a pound. Other prices remain unchanged. Wholesale Prices Today. Butter—Fresh, 1-pound prints, 54; Meats, veal, 25a27; lambs, 25227; 19a20; loins, 21a22; shoul smoked hams, ders, 14a16; strip bs 131%a 14; calves, alive, 15; lampbs, alive, 13. Fruit and Vegetable Review. Today’s market report on fruits and vegetables, compiled by the Market News Sorvice Bureau of Agricultural Economices, says: Apples—Supplies moderate; demand light, market steady; barrels, Virginia, U. S. No. 1, Grimes, 2% inches up, fair condition, 5.00a6.00; boxes, Wash- ington, medium to large size, extra fancy Delicious, 4.00a4. mostly 4.25; Spitzenburgs, mostly 4.00; Staymans and Romes, 3.00a3.25; bushel baskets, Virginia, U. S. No. 1, Staymans, 2% inches up, 2.00a2.25, few higher; Grimes, 2% inches up, 1.75. Cabbage—Supplies moderate; demand light, market dull; New York, sacked, per hundredweight, Danish type, 75a 1.00; South Carolina, barrel crates, pointed type, 2.25. Celery — Supplies limited; demand moderate, market dull; New York, 2/3 crates, 2.00a2.25, mostly 2.00; fair qual- ity and condition, 1.50a1.75. Lettuce — Supplies limited; demand light, market dull; California, crates, Iceberg type, 4-5 dozen, 4.00a4.50, mostly 4.50, few higher; Florida, 1%- bushel hampers, Big Boston type, 1.5022.50. Onions—Supplies light; demand light, market dull; Michigan, 100-pound sacks, yellows, U. 8. No. 1, medium to large size, 1.7521.90. Potatoes — Supplies moderate; de- mand light, marrket steady; Michigan, 150-pound sacks, Russet Rurals, U. 8. No. 1, 3.25a3.40; Maine, 150-pound sacks, Green Mountains, U. 8. No. 1, 3.60; 120-pound sacks, Green Moun- tains, 2.90a3.00; Idaho, 120-pound sacks, Round Whites, 2.60a2.75; Penn- sylvania, 150-pound sacks, Round ‘Whites, 2.60a2.75; Pennsylvania, 150- pound sacks, Round Whites, U. 8. No. 1, mostly 3.25. Sweet Potatoes — Supplies light; de- mand light, market steady; Kastern Shore, Md., bushel hampers, yellows, fastern Shore, Va., cloth pwa, 2.50, ns—-Suppiies light; de ind moderate, market steady; Flor- da, % el h green, best wstly 2.00 . few high as 2.50; fair quality and condition, 1.50a1.75. Tomato Market Steady. Tomatoes--Supplies light; demand market about steady; Bahama ds repacked 68 ripes wrapped, count. 8.5019.00; Phio, 10-pound ts hothouse stock, medium size .00, Cucunibers—Supplies light; demand light, market dufl, Florida, .aquare Lushel crates and 7 -bushel hampers fancy, 4.00a1.50; choice. 3.00a3.50. Peppers—Supplies light; demand lizht, market steady; Florida, pepper fancy, 2.00a250, mostly 2.25a light; demand Florlda, pepper 0, best mostly Squash—Supplies light; demand ¢ht, market steady: Florida, pepper s fancy, 3.0023.50. Beets—Supplies very light; too few zgplant—Supplies t, market steady; cr fancy, 1.50a2, 2.00. <| sales reported to quote. Carrots—Supplies moderate; demand moderate, market steady; California, Western lettuce crates bunched, 2.76 a3.00, mostly 3.00. Spinach—Supplies liberal; demand moderate, market about steady; Vir- ginia, Norfolk section, cloth-top veneer barrels Savoy type, mostly 2.76. Caulifower—Supplies moderate; de- mand hight, market steady; California i | erates, 2.75. & it DIVIDEND REDUCED. NEW YORK, December 9 (#).—Le- high Valley Coal Sales Co. declared a dividend of $1, which formerly had been $2 quarterly. It is payable Jan- uary 3 to stock of record December 10. STABLE FRANC IS NEAR, FRENCH PREMIER SAYS| December 9 (P).—French | PARIS, atocks and bank shares showed new firmmess on the Pourse today fol- owing to the CI the imminence of important mone ary operations. In his speech, which is interpreted in business and financial ecircles as meaning an early legal stabllization of the franc, probably before the elec tions of May, 1928, the premier sald “We are on the eve, or the day be tore the eve, of Important monetary operations. We cannot continue with money which Is not convertible into z0ld, and to effect such operations we need monetary security, assured not for three months, but for several years.” RCERm— VASCO PRODUCTS FAILS. BALTIMORE, December 9 (Spe- cial).—The Vasco Products Export Corporation, dealing In patent medi cines at Brentwood, Md., has filed a petition in the United States District Court asking to be adjudicated a bankrupt. The company has §$16, 043.72 assets and $16,091.37 Habil ties, a number of the creditors being lo cated in Washington. Orders were signed adjudicating it a bankrupt and referring the case to Daniel M. Mur- ray, referee. J. Enos Ray and Arthur C. Keefer were the attorneys for the petitioner. AMERICAN CAR & FOUNDRY. NEW YORK, December 9 (®).— American Car & Foundry and subsid- mon_stock In the six months ended October 31, against $3.07 a share in the same period of 1926. original ready-to-fry fish cakes — made from Gorton's, the original “No Bones” salt codfish. Mixed in generous proportions with snowwhite boiled potatoes and packed in this plump yellow-and-blue can, all ready for you to pat into cakes and fry.” A wonderfully delicious breakfast, luncheon or supper in a jiffy. FREE: “Gorton’s Deep-Sen Reolpes.” Gorton-Pew Fisheries Co., Ine., Gloucester, Mass. InDviDuAL SEAT COACHES provide GreaterTravel Comfort NOW, when you go to New York or to the West on Balti- more & Ohio trains you can enjoy the greater comfort and conve- nience of the new Indi- vidual-Seat Coaches, without added charge. These new coaches, in servicé on 28 daily trains berween Baltimore and Washington and on nearly all trains to New York, Chicago, St and the V¥ d with tween each pair—as compfortable and restful as your own arm est, are firted p - cushioned Louis be- chair. Seats may be swung around to face to- ward the windows, just as you turn a Parlor Car Chair. On the back of these seats there is a coat hanger and an umbrella holder and overhead a hand - baggage. commodious rack for Draftless venlilators in each window Individual ventilators in each window, and ther- mostatic heat control assure a comfortable temperature at all times. Motor Coach Service side Terminal, right into the hotel, shopping and in New York Another convenience available only when you go to New York on the Baltimore & Ohio is the Motor Coach Service that takes passengers and their hand-baggage directly from the train- in the Jersey City nier Poincare’s deciaration | nber of Deputies concern. . business districts of New York and Brooklyn — no added charge. Travelers going beyond New York City are taken to Pershing Square Station di- rectly opposite Grand Central Terminal. For reservations and full information, tele- Pphone or visit the Travel Bureaw, Woodward Building, 15th & H Sts, N.W. Phone Main 3300 E. D. AINSLIE, Assistant General Passenger Agent & OHIO Sanitary ButterLb.53c, 2Lbs. ] The famous red carton brand— Land O’Lakes Butter “* 60c Long-Horn Cheese. . . .* 35¢ Phenix Cheese. . . %15 Pks. 23¢ Snappy Cheese. ....."" 45¢ Pabst-ett Cheese. . . .. P 25¢ | QUALITY 1§ COTNTS b 00 Phila. Cream Cheese "¢ Pimento Cheese. . ...." 20c Pimento Cheese.....™® 15¢ 15¢ Grated Cheese......"™ 10c | > Roquefort Cheese. . . 12¢ Sun-Maid Raisins, 2 Pkes. 2(c Your Choice—Seedless or Puffed Geldenripe Apricots. .1b- Pie. 35¢ Goldenripe Peaches ' P45 25¢ Goldenripe Prunes ' P& 35¢ Blue Ribbon Peaches. . 1! = Pke. 15¢ Bulk Apricots .......™ 30c Sanitary Macaroni Spaghetti No;:lles 47=25¢ Assort as to your own preference. Pure Lard Tins for 4 —48 ting Campbell’s TOMATO SOUP Take home a case Our Usual Brands Sunsweet Prunes. .*'* P& 23¢ |} Sunsweet Prunes. . P 14c ! Ensign Prunes. . . > P 2]¢ Bulk Prunes. .3% & 1 3 L. 50 ! Medteig e 5c ] Bulk Prunes. Hershey’s Sweet Milk Chocolate Cakes Only a carload pur- chase permits us to of- fer you this delicious candy at this special low price. 2 Lbs. 29¢ 29¢ for $3.48. Conveniently Packed in Cartons— Snowdrift. . .ca ...} ™™ 25¢ Nut Margarine. ... ** 25¢ Lipton’s Tea... .c...a’ » 25¢ Maillard Sweet Choc., 10c Campfire M’'mallows, F“¢- 9¢ Campfire M’mallows, ™ 25¢ OhHenry ........3%™25¢c Royal Vanilla Choc., *» 25¢ Kirkman’s SOAP Special Deal Cakes 2 5 ¢ For With each pur- chase you are pre- sented one package of Sunshine Soda Crackers. each. Snider’s Chili Sauce Catsup Special offer, consist- ing of one bottle of me,. 44 Kantleak Shaker Green Bag Coffee. ... 35¢ ' Wilkins’ B’fast Coffee, '~ 42¢ Sanico Coffee. ........ % '+ 25¢ Maxwell House. ...... ." 53¢ Orienta Coffee... ... 50c Mixed Hard Candies, 2 Lbs. 25¢ Special Christmas Mixture—Very Special— Johnsen Mint Nibs. . .I* 29¢ Merri Jellies. . . . . .12 B 25¢ Dot Sweet Choc,. % I 24c | Peter’s Chocolate. .3 ™™ 10c - Hershey’s Choc., 3 ®** 10c ! Kirkman’s SOAP Special Deal Cakes 8 50c With each pur- chase you are pre- sented one tin of Sheffleld’s Sealect Milk. 1c Glass With a Screw Top With each purchase of any size tin of Toddy. s 20 Lb. Tin 450 Bot. 17V%e nutated S Widmer’s Grape Juice ™ 19¢ Widmer’s Grape Juice * 25¢ Welch’s Grape Juice- .™ 30c¢ Welch’s Grape Juice. . 55¢ Schlitz’. . . S D (e % E O R0 ugar, . This price applies to bulk only. Ceresota Flour. . .5 1 B2 20¢ Cerescta Flour, 24 ' ** §1.15 Gold Medal Flour, 5 ' ®% 30c G. Medal Flour. . 12 ™= g0c G. Medal Flour 24 ' % $1,19 Washington Flour, 5 Bz 29¢ ‘ 127" = 59¢c | Washington 5!f Rising 9 Lb. Bag 156 “ Washington 7 SR I Washinoton Sf Rising 5 Lb. e 99 | = Swans Down....... P* 35¢ Cigarettes Pke. 1214¢, Carton $ T S ST AT RS Lucky Strike, Chesterfield, Piedmont and Camel.