Evening Star Newspaper, December 27, 1927, Page 13

THE EVENING STAR. WASHINGTON, D. €. TUESDAY, DECEMBER 27. 192 L s e O d DEGISIUN TETR CROWN CORK & SEAL, INC.,| BALTIMORE IS FORGING NG Commodity News IS RESULT OF MERGER| AHEAD IN MANUFACTURING pete in the domestic markets with}, .~ "ana the New Process Cork ALTIMORE, December Special Dispateh to Tha Star. e Van Sweringens Stand to|ihat of tre Southern States. ess| (B CE G (N fioreRnIABS or e | SACRAMENTO, December 27 (Spe-| ’ | elal).—~The lifornia ::\(\ mdn\l’l,\* RALTIMORE, December Only Two Cities in Nation Have ;|.|x..~s the t 4n|‘(‘||:\‘ii.v\|g‘ & market for |(Crown Cork & Seal Co., Tnc., recently| Shown: Greater Gain in Value of this yvear's 4000000 bag crop in|incorporated under the State gy : 5 3 RS B Lo BRIGEEI, Tmah. - coeli|oncomonated uaderaehe Bt s Products Since 1900, - than 15 per cent of the crop has heen o Wie e came | of sniius e N ““ { | fornia tice has not been able to com.|New York, has taken® over the husi:| marketed. e Y i i of the | more during the period frdn 1909 to Win Either Way the 3 e v = removal of the (miore: duritig the period frby 10 SAVANNAH.—-The Savannah River 5 w W Hhin <the v e | The contract calls for an azsr -"|~vvy:?y"vl~":uh¥ 11500 tons of other cork adl Ak veator iercentagR of Raln at NEW YORK, December Mem: | payment of about §7.000,000 b b company will do an extensive made in recent vears by the automo- . fore nmsiness ro subsid dustries located ose cities mission are expected to reach a « \,,'?:‘1’('},;',“'1“‘IF‘”‘ RN, ;:y‘r!vv ',.:\‘\‘v‘-.“"r:m <:;»'.1 ly’y! i pndon, o R l_»' e s cliion ‘early in the New Tear on the |townand Perkasie have been closed | Loy Beviie: Snains " o0 0¢ Jane L L e : Van Sweringen proposal to have the |down indefinitely. T tor olevaliio: Chesapeake & Ohio, Rai o) ctpveLash_n mased o | RAIL EARNINGS SLUMP. | ot et et i for Eronomical Transhprtation Epecial Dispatch to The Star. bers of the Interstate Commerce Com stock _control o : bek Comtrol of the E for workmen capable of mak wre include New York, Roston, ety il ies and jigs is reported hy the doc: 2 - Pittsburgh, Cinel . Buf- This dec ad | Gate-city emplovment offios. This in.| A. C. L. Net Drops to $807 ittabutih, Cincinnatl, But Chicago, Milwaukee and St — one end of other, since 1 ¥ s ot < S s & 3 2 vailroad ear ppotis [ manufacture, men's and women's e ol BrtRbos iy e 2 5 : —— ' ! ing industries. foundry and ) | wor 3 £ NTA. are | cline ¢ B I products, furniture ample. whethe: my n in- |y, X . ' T § 5 i g 5 E meat packing and print- tends to go 4 a numb: < < rating income of 1 heen given Christmas honuses - fell to 53,000 : . i vear and employment w 917, and for 1 1 < e Kept on a seale to protect the p )2 from S66.870.647 | AIR MAIL BOOS 3 T v standard of workers, regardle: tlantic Coast Line SR commission will e ¥ - | market condition: el .u‘l‘,,!f.x",'. ITROIT. Decem tion of a fourth t 4 syst 05,378 r ago, and that of the Ninois € tem to $1.7 this distelnt s i | e ¥ ew York Cen- 4 ; :r‘z.v:‘l‘.)‘:;1‘v:lr':~x‘.|x.«\;\. .\:u»i the Balti- TOBACCO SALES GA'N. | ot & S o | the r of Commerce has mailed more & Ohio. T y OGS B . L lopeka e an Yl to business houses ) ed met_operating income of §7 npaign last vear brought Demand Strong for Old Crop Weed | 36 inst $8.41 in Novem: | 1se in the dally in the Maryland Market. | o amree BALTIMORE., December ~Re- BANKS CUT BIG MELONS. pts of Maryland leaf tobacco con-| xpw YORK. Decem ue to show declines, only 155 Rapks and t compar hogsheads being received last week,| York City will distribute $24.620.000 in dividends to shaveholders this week hile sales showed crease total- i while(sulen showed ‘an Increnws tofal |ijo cinich$2,4091000 il tho icxttardiv 1 i \Ns|ing 264 hogsheads, leaving a stock gonds, the American Ranker caleu B e e s f the |i State tobacco warehouses of 10,548 | lates.” Most of the payments commission before they are announced | hogsheads. . |auarterly dividends. The National formally. It hecame known today | The demand has been very strong | City Rank fargest i the county or Mahaffie of th for all old crop tobaccos, while new |Pay a quarterly dividend of §3 % that Director Mahaffi the Inter, D tobacy new | R e e N SR Aot Corim eau | crop ground es are not so active- | The }"1;” of finance has comple is report | Iy sought after, unless of good qual (s i ) which represents the and recommendations on n | ity and color. - Sweringen proposal. The Commissio! ?'.mmlmn m;i:’\' for Mar: !.'nlml leat | POTATO MARKET DULL. 1 greatest value Atwater A0 Ly » | tobacco per i pounds: nferior. | - 3 rend n cion is ar 0028.00; frosted, 3.00a4.00; sound ! CHICAGO. Keant has ever put into common and greenish. 9.00a16.008 States Department 4 i | New Year has passe | good common, 17.00a30.00: medium, ' Potatoes C 5 r Radio. 1 The most amari 00240.00; good to fine red, 41.00a 182 total Tr State: wents | Van Sweringen proposal, i 50: fancy, 56.00a58.30; seconds, com- | Saturday s ) railroad men, is that interests | mon to medium, 5.00224.00; seconds, |cars: demand an slow TW TER urgine the plan would n t least |zood to fine, 23.00: upper coun. | market dull: Wisconsin s Y A $10.000,000 more money if the com-|try, aircured, 3.00a25.00; ground S: Tdaho Faanhtn 2 mission rejected it than if it were |leaves nominal. |1.50a1.65: f fancy, 1.60; parth approved. In fact, prop: t he | _——— |= d Palestine’s new currency is now he- K to lose by its relec-{ gy into circulation and Exyptian | 1 ina. plan ion is the minority group w b v. which has hean used in Pal 1 E ral its adopiion e e o e - e 1 | withdr n. commission rejects the proposal, the Van Sweringen interests themselves | will come into a profit of more than | $10,000,000. Worth Nearly Twice as Much. en holdings of Erie & Pere Marquette stock were op- tioned to the Chesapeake & Ohio b fore the rising market of the last 12 months, and, although the options ran | they have been re- the decision of the commission. Should the commission reject the proposal, the Van Swerin- have handed back to them hares worth nearly twice as hen they optioned them off “hesapeake & Ohio. At the same time, if the commission should approve the plan and permit the Ches apeake & Ohio to buy the stocks, all the stockholders of the Che & Ohio majority a find themselves in possession of stocks worth, at the present market, almost twice as much as they were when the negotiations bes As major the Van Sweringens would crease operations with the turn of the| NEW YORK. December A ‘(-h s box and paper i ‘ vl ‘ e 5 n shippers - travel | gicates that automobile accessory e S ers business ‘e and invexors feom | I Ttk B ianming o .| From $1905.373 & Year Ago. o e e e i /CH VROLET 4 as great a one as if the rejected aitogether. Thus they stand to benefit as stockholders if the plan is approved, but they stand to profit more as individuals if it is rejected. Close students of the merger situa- tion in general do not consider that the terms on which it is proposed to have the Chesapeake & Okhio buy the Erie and Pere Marquette figure much 1 % 3 % t . in swaying the decision of the commis- < ® 5 w &Y % : sion. The decision, it is fel:, hinges - § B Ahuy <f\ more on whether the transportation | 4 Q system proposed is in the public in- f 4 p y 5 s terest from a transportation ™7 % point. The terms by which the Chesa- 5 g < ‘g,‘ N . peake & Ohio would acquire the Erie ? % St P and the Pere Marquette stocks are so much below the current market prices for those securities tha: littie opposi tion is anticipated in trat respect. Win Either Way. “ 3% - 4 / : The ralirosd world is speculating ot : b 3 R = AW extensively a8 to what might be done ‘ - - Sikre } with the large biocks of Erfe and Pere Marquette stock which the Chesapeake & Ohio bought in the open market if the commission indicated thar it did y o 85 & [ ] not wish the Chesapeske & Ohio 1o 7 B J hold it. Minority stockholders, inciud- S A i ing the opposition party, doubtless é i i would object t0 giving up profits al- . ) ready in hand on those stocks. Possibly e ; 3 ; the Erie stocks ruight be taken over by the Chesapeake Corporation, which could in turn reimburse 1he stock. holders of the Chesapeake & Ohlo, or PR ’ 4 % the stocks might be Qistributed to 5 v Chesapeake & GUhio klockholders irectly. ever, no plan & =itaiyl Mediterranean and own in person the con = | Moroccan Cruises General Motors #tiil i= In possession of the The group then w problem of finding ay | Don’t stay home another winter and lyf‘ hnfnl;llrll.»"n wustem 10 sk | . e i e i take pneumonia...take the France! a c ] e‘re m en t PIPE LINE PROFITS 1] MONTH to the Mediterranean in Paris afloat . , . the steamship Franc: — A new route giving you the most interesting ports . . . the busy modern NEW YORK, Decernber ( | pocket-edition cruise! No wintry seas . . . across the south Atlantic to Vigo, :4‘:'1:.1;1"!: “‘;2;’("" Pihian aro Spain. Down the golden African coast to Casablanca and white Rabat in Jerge Production and consinpis ol Morocco. .. drop back a thousand years, shop in the Arabian Nights! See ::,,:.‘ :.;'1' nflu.:'y r Gibralter , .. then Algiers, the world's most fascinating cosmopolitan city ¢ il ongied 1 i with a new thrill round every corner. Naples.., Monaco, the Riviera at the pariencomprin1 1he’ height of the season . .. Maracilles, where a night on the Cannebiere is BARRY-PATE MOTOR CO. OURISMAN CHEVROLET SALES CO. group reported increswed deli | worth seven anywhere else . . , then home via Naples, Algiers and Cadiz, R e Simnenc Comime 1218 Connecticut Ave. 2525 Sherman Ave. 610 H Street N.E. with 1926 g T i S.8. FRANCE i, JAN. 7, 1928 R. L. TAYLOR MOTOR CO. OWENS MOTOR CO. guar, The dally average this year ¢ Ly 14th and T Streets N.W. 6323 Georgia Ave. 301,489 barrels, & gain of 1 | Second Cruise, Feb. 8 Third Cruise, Mar. 14 ) N iin AERO AUTO CO. LUSTINE-NICHOLSON MOTOR CO. EW YORK, Decumber 21 9 G SRR eRpsa R ere . (Chioss elis IORIRE. /iR aeE 1101 King Street, Alexandria, V Hyattaville, Md. Flour barely wiesdy, Spiring patents 4 24087.20. woft Winter siraighis 3 it sounds like the Social Register,oran whersver you like and pick up the 6,40, hard Winter stin - 45 spicure’s convention . .. your home France on her nexttrip,,,or returnvia i P L Sos bt BOYER MOTOR SALES 3,38 £.0. b. Mew York sn : of the ports en route . . . French Line or stay with the ship for = M 1 Karley eany, No. 2, 1.0 « ! ; A . govars, Boriey sy No. 3, 108 16| e oty ramin st be B0 Capitol Heights, Md. Upper Marlboro, Md. export, 190 reclcaned, 1 45 Pork steady, mess, 3400 faniily 42,00, Jard esey. Middle l2.2b, Epor coffee wteady 1 14%814% 4 Fantow o allow firm i) Inose Hay stesdy; No 0, Ne y 2200 No 4 00s20 69, sample ! #1600, Blraw ol A e 4 IMusirated Brochure and Deck Plans from any French Line Agent or recognized Tourist Offics 5;’5’00[”3*,';“ 146 or write direct to 1406 Nev York Ave, Wushington, 500 white kidney 1000 1927 and 1976 noming!