Evening Star Newspaper, January 16, 1928, Page 12

THE FEVENING STAR, WASHINGTON, D. €., MONDAY, JANUARY 16, 1928, _— e — STOCK TRADE INDEX DOWN DURING WEEK Slump of Leaders Brings Mark Lower—Value of Dealings Advances. Irving Fisher's Index of the purchas- |ing power of the dollar showed a_d cline of 5.1 last week from its 1926 | alue of 100, as compared with a rise iil‘«'x!\ 100 of 3 cents the week before and 3.4 cents a year ago. | v index of wholpsate 1 puted from Dun’s quotations of moditie rose to 95.1 compared 0 : ! Money and Prices cor ]\\;"v year t ing the The price index of ir an Prices. Tondon o ¢ from 944 last v s com- 6 a week ago and 96.8 a s went to 745 as com- o (Convricht 1078 1) FARM BUYING POWER IN SLUMP DURING WEEK for Growers’ n Continues to Rise. cceipts Are Smaller. 2t of as com- fore and ious pe- g table in represents Ends Tomorrow BUSINESS 13 SLOW INLOCAL MARKET Eggs Continue Firm, Current Receipts Bringing 45 Cents a Dozen. ay morning conditions prevailed in the local wholesale market !this morning Business was by no | means brisk, and the appearance of | rain reduced the number of patrons. A continuous firm condition in the market was reported, current re- s selling at 45 cents. Dealers had pected prices would take a drop be- fore the opening of market this week, but the drop has not materialized Dealers are unable to understand why receipts of eaps have dropped off instead of - increasing. Prices of most commodities this morning were about the same as price at the close of last week's | | auc | market. | Today's Wholesale Prices. Butter — One-pound prints, 52a53; tub, 51: store packed, 32; storage, 44a45. Eg “resh. 8. hen- nery. 4 { _Poultr | 27a28 | keats, fowls, H 18a20:; old. 35. : Spring chickens, 32a34; killed —Beef, 27. fresh 20a; ha strip bacon s lam! alive, 16 S . Fruit and Vegetable Review. rket report on fruits and piled by the Mark ice Burcau of Agricultural Sconomics, say: Apples few sales 2 rate: barrels, Virginia, unclassified, Black | Twi 1ches up, 6.50a7.00; 2% -inch Grimes, No. 1, considerably scald- | od. boxes. Washington, medium to Romoes, 1 3:25 mostly 3.00. Staymans, 0a bushel baskets Pennsylvania, U. S. 21, inches up, Stavmans, 225a . inches up, 1.50a Smokehouse, 2. Supplies liberal: demand market steady; old stock, | New York, bulk, per ton, Danish type, | 1.00a1 new stock . barrel crates, round ty 3 50 bulk, per d type 00: Florida. 1%4- mpers. pointed type, 2.35. plies liberal: demand / moderate, market about steady; New York 2-3 crates, 2.75; poorer low as 2.25; California, crates, 5.2506.00, most- 5.5005.75. lyunurc—suppuvs moderate; demand moderate, market about steady; Ari- zona, Salt River Valley, 3.25; Yuma Valley, 3.50a3.75, mostly 3.75; Florida, 116 -bus 1.50a2.25; mostly ordinary quality and condition, 1.50a1.75. Onions—Supplies moderate; demand light, market firm; Michigan and Ohio, 100-pound sacks yellows, U. 8. No. 1, 2.75a3.00. Potatoes—Supplies liberal; demand moderate, market steady: Michigan, 150-pound sacks Russet Rurals, U. S. No. 1, 3.35a3.40: Minnesota, 150-pound , U. 8. No. 1, 3.15a 120-pound Green ntains, U. S. No. 1, 2.75a2.90. Spinach—Supplies light; demand moderate, market slightly stronger; | Texas, bushel baskets Savoy type, 2.35a 2.50. Tomato Market Dull. Tomatoes—Supplies moderate; de- mand moderate, market dull; unknown origin, repacked in New York City, threes wrapped. fancy count, 2.75a3.00; choice count, 2.00a2.25; Florida, origi- nals, sixes, ripes and turning wrapped, green wrapped, fancy count, fair quality and condition. 4.00: choice count, 3.00. Sweet potatoes—Supplies liberal: de. mand moderate, market slightly weaker; North Carolina, cloth-top barrels Porto Ricans, 2.25 . few lower; Virginia and North Carolina, cloth-top barrels various varieties, ordinary quality and condition, 1.75 : decaved, 1.00a1 50. String bean: upplies light: demand moderate, market steady: Florida. bushel hampers, green. 6.50a7.00: 7.00a7.50; few high as 800; wax, no sales reported; asking 7i-bushel hamp- ers. 5.00. Fegplant—Supplies very light: de- mand moderate, market firm; pepper crates, fancy, few sales, 4.50. Peppers—Supplies very light; de- mand light, market firm: Florida, pep- 3.50 demand light, marke pony crates, 2.00a 3 30. Beet: Supplies light: demand mod- erate, mai steady: Texas, Western lettuce crates, bunched, 3.50. Carrots—Supplies moderate: demand moderate, market steady; California and Texas, Western lettuce crates, 3.50. BUTTER IS LOWER. CHICAGO. January 16 (#).—Butter lower: receipts, 11.765 tubs; creamery . 46: standards, 45: extra firsts, firsts, 41'.a43" econds, 38a Eggs unchanged: receipts. 6549 ses; firsts, 43'2; ordinary firsts, 35a40 WILL SPEND $38,000,000. NEW YORK. January 16 (7). —Amer- ican Telephone & Telegraph Co. plans expenditure of $38.000,000 on construction this vear, exceeding the total for 1927 by $2.000.000. ale of $10, 511 and $120 Menihan’s Arch-Aid Shoes el hampers Big Boston type, Florida, 1 per crates, fancy, 4.00; choice, 3.25a | | quash and cauliflower— | FAVORABLE BALANCE OF TRADE REPORTED Exports Exceed by $68,707,000 Imports for 1926—Gold Stock Is Reduced $151,000,000. By the Associated Press. A favorable trade balance for the United States of $681.707,000 last year was announced today by the Commerce Department, which™ fixed exports at $4.866,160,000 and imports at $4,184,- 453,000. Discussing the gold movement, Gros- venor Jones, chief of the department’s financial section, said that in addition 1o taking the metal out of -the United States foreign ecountries had set aside January 16 Our sale bargains and the lines are still complete. about $80,000,000 in the metal here during the last four months of 1927, meaning that foreigners exercised ownership over considerable quantitics of t::.e gold stock still lett in the United States. “The final results for the year show a net reduction of about $151,000,000 in our total gold stock,” Mr. Jones sald. “Earmarking (setting aside) is for all practical purposes tantamount to ex- port. The bulk of the gold exported went to Latin America, Argentina tak- ing $62.000,000, Brazil, $34,000,00; Uru- guay, $2,000,000, and Venezuela, $1,000,- 000. Fairly large amounts were shipped to the Far East” During the early months of 1927, Mr. Jones added, the United States Imported a great deal of gold from Great Britain and other Eu- ropean countries, but during the clos ing months this was in part returned. He cited the American foreign loans of 1927, which totaled $1,377.000.000, as being the chief influence on gold MARYLAND TOBACCO. BALTIMORE, January 16 (Special). —Receipts of Maryland leaf tobacco last week amounted to onlv 16 hogsheads, making a total of 83 hogsheads so far this month, while sales of 118 hogs- heads were reported, having a stock in State tobacco warehouses of 10175 hogsheads, and 578 hogsheads of ground leaves. Quotations today for Maryland leaf tobacco per 100 pounds: Inferlor, 5.00a8.00; frosted, 3.00a4.00; sound common, 17.00a30.00; medium, 31.00a- 40.00; good to fine red, 41.00a55.50; fancy, 56.00a58.80: seconds, common to medium, 5.00a24.00; seconds, good to fine, 25.00a45.00, upper country, air \m"["dl 3.00a25.00; ground leaves, nomi- nal. | gold field of S a is 7,500 feet | deep and s deenest hole in the common and greenish, 9.00a16.00; good | The Village Deep mine in the Rfmd‘.' REYNOLDS EARNINGS UP. WINSTON-SALEM, N. C, January 16 (#).—The annual statement mailed to stockholders yesterday showed the R. J. Reyrolds Tobacco Co. to have passed all previous earnings records in 927 when the net earnings reached $29,080,664. This was equivalent to an earning of $7.27 per share on each of the four million shares of %outstand- ing common stock. The balance sheet howed total assets of $154,441,524, of h $138,302,977 represent current CANADA FREIGHT TRAFFIC. NEW YORK, January 16 Freight traffic on Canadian railroads for the ded January 7 were against 49,307 the week 390 a year ago. Rec ipts e 28758 carloads ) — from con against 30, ‘movements during 1927, | earth ever made by man. 120343 a 1319-1327 F Street STORE NEWS Hours: 8 AM. to 6 P.M. continues. It offers unmatchable We have all the extra sizes for men of unusual build. s45 Two-Pants Suits very $29.00 Include the Fine Blues and Oxfords one-third off Overcoat Entire stock of Winter Coats, including Boucles, Montagnacs, Chirchillas, Meltons and Kerseys. The majority in Blue or Oxford—many full Satin lined. 3-Strap Black Kid Pump: with New Spring Stvles Included novelty side outs Cov cut ere \ Cuban heel— \ $7.95 74 /) Such Popular Leathers the Following Black Sucde, Brown Kid, Patent Colt, Black Kid, Blonde Kid and Black Satin in a good assortment of styvles and sizes; not all styles in sizes. Sizes 4 widths AAAAN but all 0. D. to to Menihan’s Arch-Aid Shoes, one of the many Nalionally Advertised Lines —tlo be found exclusively al Tre Hecar Co-F StREET Isfth I'laor 45 Coats, ‘30 50 Coats, ‘33 55 Coats, ‘37 All Fancy Cut Silk Ties $1.00 Ties, 79¢ $1.50 Ties, 95¢ §200 Ties, $1.35 $2.50-$3.00 Ties, $1.85 .50-84.00 Ties, $2.65 $5.00-§6.00 Ties, $3.45 Fancy Knitted Ties $3.50 Qualities .$2.65 All-Silk Eagle Crepe SCARFS $3, $3.50 and $4 Qualities All Washable $1.85 %60 Coats, ‘40 %65 Coats, ‘44 %70 Coats, ‘47 75 Coats, ‘50 ‘80 Coats, ‘54 ‘85 Coats, 57 “E& W ui Arrow Shirts Huge sample lines of Fancey Madras and Broadcloths that sell up to $4. Sizes 14'2, 15, 15': Only Collar Attached or Separate to Match. Plain White in All Sizes .65 3 for $4.75 25% Off All Siik and Blanket Robes Prices $3.75 to $37.50 All Lines of Silk-Wool Hose $1.50 Hose 95c¢ $1.00 Hose 79c 75¢ Hose 59c¢ OSTONIAN Shoes for Men $10 and $12 Black and Tan Oxfords $ 8.95 “Y. M. Shop” Black and Tan Oxfords