Evening Star Newspaper, December 12, 1927, Page 16

THE EVENING STAR, WASHINGTON, HERDS DEPLETED BEEF PRICES HIGH Values Not Likely to Come Down for 3 or 4 Years, { Stockmen Say. ! BY J. C. ROYLE. Dispatch 10 The Star. - N3 YORK, December 12.—Beef will continue to be a luxury for three orifour years to come. That is the wer given today by Middle West- livestock men and packers to the appeal of Boston hotel keepers that eir patrons abstain from ordering of until the price of roasts and eaks comes down and quality im- ves. | The growers and packers blame the any failures which took place in the ttle industry after the war for the nditions which now exist in the beef rade. The sudden ending of the war caught the livestock men unawares. ey were left with huge herds on eir ranges and feed lots, to face a Nling market and a tightening of bank credits. Barks foreclosed on cattle loans and the markets were flooded with cheap Beef. This discouraged breeders. In- stead of building up their herds for the last eight years they have been selling them, sometimes at distress Prices. As a result many young heif- ers have been thrown on the market. No provisions were made to assure normal iner Ply of cattle, it is n in Kan- #as City, has been reduced one-third fn the last 10 years. Getting Back on Feet. s In the last two years prices have been such that the' cattle men com- menced to get back on their feet financially. They commenced to see profits in the offing and started to build up their herds. They have withheld cattle from the market eadily and they have been able to this because. they had enough money left over from 1926 to make it unnecessary for them to sell for im- mediate cash needs. The receipts of grass fed cattle in the last half of this vear at Kansas ity and other Mid-Western market- ng centers have been lower than at any time in 25 years. Kansas City recelved 20 per cent less cattle from its territory than last year, with every indication that receipts will fall still Jower. When it comes to the feed lots, the tteners of cattle were discouraged m preparing to condition the usual humber of steers by the possibilities earlier in the year that the corn crop would be short and feed high. By the time they discovered that corn would be obtainable, stockers and feeders were so high they dared risk buying on&l small number of animals. i e high profits of the dairy in- lustry also have .had their effect. rmers found they cguld make more oney by building up dairy -herds n by fattening steers for market. msequently they have been selling fhe culls, taking advantage of high and holding the better condi- ned cattle either to build up herds ,r in hope of further advances. i ‘Range-Fed Cattle. 'The quality of rangefed cattle, rs declare, is about the same as , if not a little better. They point t also that no one need be deceived gbout quality, for it is determined and aranteed in most cases by Govern- ment officials. In nine centers the epartment of Agriculture is grading AN, here’s a new M thrill for you! ,shire, England. So soft sod smartlooking—with rich silky lustre that no amount of laundering can wash out! In every fashionable solid color, guaranteed by NO- FADE neverto fadefromsun, perspiration or laundering, Bs. Washington, D. C.—Sold by M. Schlossberg 3102 14th St. N.W. Bieber Kaufman & Co. 905 8th St. S.E. M. Blumenthal 1013 Pa. Ave. N.W, H. Franc & Son 401 7th_St. N.W, Geo. Freeman 1420 Wisc. Ave. N.W, M. Levitan & Co. 3044 14th St. N.W. S. Livingston & Son 908 7th St. N.W. Cohn 7th & L Sts. N. H. Kaufman 1316 7th St. N.W. A Vallin bears the full evidence of official grad- ing. Any hotel keeper can have this service who requests it. While cattle at $18.75 a 100 pounds seem to :be at an almost prohibitive figure, they are staying there despite the lessened demand for beef prod- ucts. And the cutting down of con- sumption on aceount of price has been equalized to some extent by the in- creased demand incident to colder weather. While the smaller number. of cattle marketed has had some effect on the hide and leather markets, which have advanced decidedly in late months, it is only one factor in the situation. The huge stocks which piled up after the war have. been dissipated. Five years ago there was enough sole leather and belting leather on hand for a year's supply. This now has been cut to a -45:day supply, with 1,800,000 sides on hand, or the skins of 960,000 animals. This is the lowest on record: — B. & 0. EARNINGS ARE SET AT $13 A SHARE IN 1927 BALTIMORE, December 12 (Spe- clal).—Based on earnings in the first 10 months, Baltimore & Ohio is ex- pected ‘to wind up 1927 with slightly more than $18 a share earned on the average amount of stock in’the hands of the public during the year. On the 2,155,594 shares now out- standing current earnings work out to nearly $11 a share, which will be increased by the last two months. Although net operating income Is running below last year, which was an exceptionally good one in the road's long history, it is nearly $6,000,000 ahead of the same period in 1925. Cur- rent 10-month net income also ex- ceeded 1924 by a considerable extent and is somewhat ahead of 1923, which was another big year for the Baltimore & Ohio. The board meeting this week will be the first since the recent annual stock- holders’ gathering and will be the oc- casion for re-elections of officers for the coming year. TIN PLATE INDUSTRY. NEW YORK, December 12 (A).— The National Association of Sheet and Tin Plate Manufacturers reports No- vember sales of 344,519 per. cent, pro- duction, 282,041-tons, and total ship- ments,. 224,789; tons, Unfilled tonnage December 1 was 437,306 tons. Approx- imate finished stock on hand awaiting Shipment was 92,678 tons. UTAH POWER INCOME. NEW YORK, December 12 (#).— Total income of Utah Power and Light Co. for the year ended October 31 was $6,066,483, an increase of $249,182 over the year hefore. Balance after inter- est and preferred dividends was $2,- 361,412, a gain of $129,355. ll December 12 ] 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- basis. Purchasing pover of the dol lar 1n pre- war cents. ie 1013 April ave May aver. June aver: Second _au July average . . August averaxe.. Se.temticr averat Third auarte Crump's (London_ Financial Times) index number for England: index No. ul‘ ricen i ot cen O ro-war basie: Le. 10 ecembe: irst_week, Second week. (Copyright. 1987.) SR PRICES ON PARIS BO™BSE. PARIS, December 12 (#).—Trading was quiet and prices were steady on the Bourse today. Three per cent rentes, 58 francs 45 centimes; ex- change on London, 124 francs 2 cen- times; 5 per cent loan, 77 francs 35 centimes: the dollar was quoted at 25 francs 39 centimes. e 1D RDRD LA L = 85 85 B3 S INDUSTRIAL GOAL OF RUSSIAIS HcH Plan Now Is to Change Coun- try From Farming One to Manufacturing One. | By the Associated Press. MOSCOW, December 12.—Transfor- mation of Soviet Russia from an agri- cultural to an industrial country, eco- nomically independent, is the explana- tion given by officials in connection with the present intensive campaign to marshal the country’s industrial orces. Every possible resource at the f 3| government's command is being uti- lized to increase industrial activities, Soviet economic officials believing that it this is accomplished toa worthwhile degree it will relieve greatly the unem- ployment situation, since industry al- ways absorbs the surplus peasant population. Russian forelgn trade, which is a state monopoly, now is being directed strictly along lines calculated to ad- vance industrial development in every way possible. Luxuries and even articles in gen- 7| eral use, such as clothing, are being excluded or grudgingly admitted only on payment of hea duties. Of the $63,500,000 which Soviet trade agen- cies spent in the United States last . cotton represented more than agricultural machinery, $5,500,000, and metals more than $5,000, Thus it will be seen that raw materials and machinery constitute almost the entire Soviet purchases. While little foreign capital is com- ing into Rusisan industry, Soviet eco- nomic authorities -have invested con- siderable sums from the country’s own resources. The recently signed Per- cival-Farquhar contract, stipulating a $42,000,000 credit for erecting a gigan- tic metal plant with modern machinery, at Makeva, is welcomed heartily in Soviet economic circles, since it is be- lieved it will vastly increase produc- tion of cast iron and in general stim- ulate the metal industry of South Russia. The campaigh designed to supplant private trade with co-operative trade is continuing meanwhile, with renewed energy. Soviet statistics reveal that 1,000 private stores closed during the past year, while 8,500 co-operative state stores opened. Since the co-operative itores are much larger, it is calculated this reduction in number has not in the ]!enst reduced trade facilities as a whole. 1319-1321 F Street STORE NEWS BOSTRIANS 50 Different Patterns! Were $45, ‘Now 29 D. C., MONDAY, DECEMBER 12, .1927. EXCHANGE O.K. IS NEEDED TO WITHDRAW LISTING Decision Given in National City Bank Case—Removal of Stock Must Be Regular. By the Associated Press. NEW YORK, December 12.—Offi- clals of the Stock Exchange today de- clared that the stock of the National City Bank could not be withdrawn from trading without approval of the exchange. C. E. Mitchell, president of the bank, asked stockholders last week to approve the action of the directors in requesting the withdrawal of the shares, contending that sharp fluctu- ations in stocks of a credit ‘institu- tion might prove harmful in times of financial stress. It was explained at the exchange that, inasmuch as transactions in stocks are made between individuals on the floor of the exchange, and not by the exchange litself, a concern whose shares had:been listed could have no control over the list. Removal of stocks from the list would be re- quired to go through the regular chan- nel, and would depend upon the action of the committee on listing. W., B. & A. BOND BUYING CONTINUES IN BALTIMORE BALTIMORE, December 12 (Special). —Buying of Washington, Baltimore & Annapolis 58 on-the local market con- tinues. These bonds are thought by certafn well informed persons to be a good purchase at present prices, &l- though they are considerably higher than at the beginning of the year. 1t is believed that reconstructed out- lines of railroad consolidations can be construed to indicate that the strate- gic position occupied by this road | might result in its acquisition by some important trunk line. o CAUTION IS ADVISED. NEW YORK, December 12 (P).— While optimistic forecasts regarding industry may be fully justified, and a possible firming up . in commodity prices in 1928 might help profits turn upward again, the financial side of the picture contains several elements that will hear careful watching, says the American - Bankers' Association Jour- nal in its monthly business review. At present, there appears to be no con- vineing trend one way or the other, except that.the plcture seems rather significantly to divide itself into two parts—the industrial side and the financial. RUBBER STOCKS GAIN. NEW YORK, December 12 (A).— Rubber stocks in London on Decem: ber 10 totaled 66,011 tons, an increase of 142 tons for the week. e Youmglens Yogp Hours: 8 A.M. to 6 P.M. M&/re Than 1,200 Suits! All Have Two Pairs Pants! Pause a moment! Figure this bargain! Realize that we couldn’t order an extra pair of trousers for these $46 suits for less than $9 or $10. In all our 15 years of business we’ve never offered suits so far below their actual current value. Every day’s sales will reduce the range for selection: "Buy NOW and choose from the best! Hard Mixture Broken Candy Special Mixture DATES and FIGS Dromedary Dates. ... . . .Pks 20c Marvin Golden Dates. . .Pks- 15¢ Black Palm Pitted Dates Pks- 23¢ Imported Layer Figs, ¥4-1b. pks. 1214¢ - ASSORTED CHOCOLATES Holly Boxes Five Pounds 98¢ FLORIDA ORANGES Sweet and juicy, thin skins Dozen, 55¢, 45¢, 35¢ & 25¢ || Florida Grapefruit 73 TANGERINES Delicious ... Rome Beauties. ... Arkansas Blacks. Winesaps .. ¢, 10c and 12}c Dozen 5, 40c & PLES veoive..2 Ibs, 25¢ .3 Ibs., 25¢ .3 Ibs.,, 28¢c 30c Cooking Apples. .. .. .4 lbs, 25¢ NUTS for the HOLIDAYS The Finest Quality—the Pick of the Crop Walnuts, No. 1 California “Diamond,” 1b. ALMONDS, Paper Shell, 1b. Pancakes and Syrup Pillsbury Pancake. . .. .2 pkgs., 25¢ Aunt Jemima Pancake. . 2 pkgs., 25¢ Virginia Sweet Pancake. Gold Medal Buckwheat. . .pkg., 11c Log Cabin Syrup. ... Virginia Sweet Syrup. Alaga Syrup......... PURE MAPLE SYRUP Green Mountain Boy, 16-0z. bot., 45¢ CIGARETTES Camels, Chesterfields, Carton, $1.19 Pied- monts, Lucky Strikes, pkg...... MIXED NUTS A fancy mixture contain- ing_No. 1.Walnuts, Paper- shell Almonds, Large Brazil Nuts and Fancy 4 Lbs. Flae;:‘.. pound) 980 .pkg., 11¢ 27c & 52¢ .can, 29¢ .can, 17¢ Sunset Gold BUTTER Finest Fresh Creamery Lb., 55¢ or Special This Week 2 Tbs., $1.00 Best Cane Granulated SUGAR 104b. Sack 1€ 100-b. Sack $5.65 BRAZILS, large washed, PECANS, Georgia Paper Shell, Ib...... Canned Vegetables- Of Excellent Quality at Bargain Prices |[™ Tomatoes, No. 2 cans. . .. .2 for 15¢ Peas, Silver Label. . .....can, 10c [} Corn, Monocacy Valley. . .can, 10c {f° Asparagus, Calif. State, can, 1775c || Beets, Trusty Friend. .. ...can, 14c Pumpkin, Sentinel. ... Kraut, Silver Floss. . ( Spinach, Maryland Chief. .can, 10c Spaghetti, Ritter’s.........can, 8¢ . EXTRACT .|| . .can, 10c Sauer’s ;Va- nilla, the 'na- ti 3| tionally; jnown Sun-Maid " 1} ceded or Seedless RAISINS | GRAPE JUICE Armour’s, pint, 19¢; quart, 35¢ Welch’s, pint,’ 30c; quart, 5 PLUM PUDDING AND MINCEMEAT Our stores are well stocked with the nationally known brands or we can furnish you with the finest ingredients to make your own. R. & R. Plum Pudding '™ ©** 29¢ Heinz Plum Pudding.can, 39c Heinz Fig Pudding. . Wood’s Mincemeat. . Fruits & Vegetables POTATOES 43: SW. : . 15¢ . 4e 13c Head : 10¢ CRISP CELERY Bunch CARROTS .can, 39¢ 2-b. can 55c Fresh Meats Pork Chops...... Sirloin Steak . .Ib., 47¢c .Ib., 18¢ .Ib., 18¢ Hamburg Steak .Ib,, 25¢ Beef Liver, sliced. ....1b, 18¢ Fresh Shoulders .. ....lb, 18¢c AUTH’S Imported Citron. . . ...Ib., 35¢ Orange & Lemon Peel . lb., 29¢ Currants, Cleaned. . . pkg., 17c Brown Sugar..........lb,8c Butter—Eggs—Cheese From the Spqtless Refrigerators SUNSET GOLD BUFTER 55 Or special ‘as listed $1.00 abwn e, 21b8. .....00 4 v $2e SELECTED EG In Cartem, Seeats...ooo 45€ KRAFT CHEESE 23¢ %-lb. pkge. . .i.oune oee % PABST-ETT CHEESE b, 20¢ 1-1b. carton .0 . Ib., 15¢ I aubduespoatossonns o Jellies & Preserves Keep a stock in the pantry for holidsy Schimmel's Jell immel’s Jelly. . . . .2 tumblers, 25¢ Red \.le Currant Jelly. . . .g 20c Premier Mint Jelly. .......glass, 25¢ Pappy’s Guava Jelly. . . ... .glass, 22¢ Edward’s Preserves, flavors, 16-0z. jar, 30¢ Bunch - . SPINACH 3 Ibs CRANBERRIES ING POTATOES 4 Ibs. for... Goldenripe Dried Fruits Finest quality, packed in transparent wrap- pers, protected from dirt, dust and handling. Goldenripe Apricots '™ P* 35¢ Goldenripe Peaches ™ P 25¢ Goldenripe Pmnec . P& 35¢ 25¢ 15¢ 25¢ The best overcoat bargain in Washington.” Dressy, smooth- faced materials—single or dou- ble breasted models—with self or velvet collars. «.Ib,, 35¢ «ve.lb,, 38¢ .Ib., 38¢ Smoked Sausage Gre 1359 U St. NW. es:“i{‘s‘{.‘;zln. Smal‘t Blue : Overcoats $3 The Correct Black Derby Pork Pudding. €36 H St. N.E. Scrapple Dreyfuss Bros. 617 Pa. Ave. N.W, Upiversity Shop N.W. 1005 Pa. Ave. Hollander, Inc. N. Cap. & H* Sts. . Neuman 1422 N. Y, Ave. N.W, ©1027. Comméreial Shirt Corp., N. Y.