Evening Star Newspaper, February 2, 1928, Page 13

SEAFOOD S SCARCE INLOGAL MARKET Frozen Fish, Mostly From| North and West, Form Principal Supplies. With a coating of ice on the river, preventing the arrival of oyster boats, from the lower Potomac and with but| & few varieties of fresh fish coming, dealers at Municipal Pish Market this | morning were without their usual large | assortment of attractive offerings for| the Friday trade. Frozen fish. chiefly from the North and West, were on hand in supplies large enougn to obviate dealers and coi sumers leaving the market empt handed. King and Spanish mackerel. received from Florida. found ready sale at 13 cents. while sheepshead, also caught in | Florida waters, were quoted at 12': cents. Green and cooked shrimp from | attractive sellers, were quoted | respectively. Boston sold at 18 cents, haddock at 12°. and filet of had- dock at 25 cents. Canadian smelts were | quoted at 25 cents 1 North Carolina shippers supplied the | Jocal market fairly large quantities of Jack snad at 12tz herring at 10 and | small croakers at 8 cents a pound. Oyster prices remained unchanged, selects selling at $2.50 and standards at $225 a bushel, and the damand for! them was not heavy. Very few shell| stock have been received the past few | days. Butter. egg. fruit and ®egetable ices remained unchanged this morn- . while slight changes in poultry | prices were reported. ! Today's Wholesale Prices. Butter—One-pound prints, 9: store packed, 32. Eggs—Fresh. selected, 42a43: nery. 43a45; current receipts. 40. ry—Turkeys. alive, 35 18: ducks. 18a20: ng, 70a75: old, 36. Dressed turkeys, 40a45; Spring | chickens. 32a34:; roosters, 20; capons. | fancy, hea 38a40: small, 30a32; | ducks. 25a30: keats. 30a90. Meats. fresh killed—Beef. 20a25: veal, 24a28; lamb. 26a27: fresh hams, 19a20: loins, 19a20; fresh shoulders, 14: smoked hams. smoked shoulde: 14a15; strip bacon, 22a23: lard. 12'3; calves, alive, 16; lambs. alive, 13. Fruit and Vegetable Review. Today's market report on fruits and | vegetables (compiled by the Market | News Service Bureau of Agricuitural | Economics) says: | Apples—Supplies moderate: demand moderate, market steady: barrels. Penn- | sylvania, U. S. No. 1. 2!, inches up, Yorks. 6.50; Virginia, U. S. No. 2, Stay- | mans. 2!, inches up. good quality and condition. 6.00a7.00: S. fancy Stay- 50a51; hen- | . Spring roosters, large size, extra fancy, Winesaps. 3.75; | Staymans, 3.25. extra fancy Delicious. | 4.25: bushel baskets, Virginia, U. S. N i 1. Staymans. 23, inches. 2.75a3.00: un- ! ; Staymans. 2'> inches. 1.75; s1. Black Twigs, Cabbage—Supplies moderate: demand moderate, market about steady: new stock. Texas, crates. approximately 100 pounds net, round tvpe, 3.00a3.25; few hi : Florida. 1!,-bushel hampers, pointed type. 1.75. old stock. New York, | sacked. per hundredweight, Danish type, | crates, ?a’n in prices, 2.0082.75; mostly 2.258 Lettuce—Supplies moderate: demand moderate, market sllfhlly weaker; - fornia, Imperial Valley, crates, iceberg type. 4 to 5 dozen, 3.50a3.75: few high as 4.00; Arizona, crates, iceberg type, 4 to 5 doren, 3.0083.50. Onion Market Dull. Onions—Supplies light; demand slow, market dull; Michigan, Indiana and Ohio, 100-pound sacks. yellows, U No. 1, medium to large size, 2.6582.75. Potatoes—Supplies moderate: demand moderate, market about steady; Michi- gan, 150-pound sacks. Russet Rurals, U. S. No. 1, 3352350: mostly 3.40: Idaho, 110-pound sacks. Rurals, U. S. No. 1. 2.75. Spinach-—Supplies _liberal: demand moderate, market weaker: Texas, bushel baskets, Savoy type. 1.60a1.75. String beans—Supplies v mand modcrate, market strong: Florida. *,-bushel hampers, green, 10.00; wax. 7.00. Eggplant — Supplies light: demard slow, market dull; Florida, pepper fancy best, mostly 3.00; few high as 350: poorer. low as 2.00: Cuba, r;e}anrr crates, fancy, high bush, 4.00a Pepper Demand Light. Peppers — Supplies light; demand light. market steady: Florida, pepper crates, fancy. 4.00a450; Cuba. pepper crates, fancy. 4.50a5.00. Squash and cucumbers — Practically no supplies on market Carrots—Supples light: demand light, | market slightly weaker: Texas, bushel baskets, bunched, 1.50a1.75: few higher: Western, lettuce crates. 2.50a2.75. Beets—Supplies light: demand mod- erate, market firm: Texas. bushel bas- kets, bunched. 250a275: few higher: Western lettuce. crates. 4.00. Caulifiower—Supplies light: demand moderate, market slightly stronger; Cal- ifornia, pony crates, 2.00. Strawberries—Supplies light: demand moderate for good stock, market about steady: Florida, pony refrigerators, Mis- sionaries, fair to ordinary quality and condition. Tomatoes — Supplies 4 moderate, market about steady; un- known origin. repacked in New York City. 3s. ripes, wrapped. fancy count 250a2.75: choice count, 2.00a2 packed in Baltimore. 6s. ripes, wrapped, 4.50a5.00; choice count, 4.00. CORN AND WHEAT SAG ON FOREIGN REPORTS | Weakness at Liverpool and- In- creasing Argentine Shipments Factors in Market. By the Associated Press CHICAGO, February 2.—Unexpected weakness of wheat quotations at Liv- erpool, together with predictions of | increasing shipments from Argentina, gave an early downward trend today to wheat values here. Corn prices also were easier, owing largely to fa- vorable weather for the corn crop movement. Opening at '« to !, low- . | er. Chicago wheat held near to initial figures. Corn started unchanged to 1, off and later showed a slight gen- THE FVENING STAR, WASHINGTON, D. 0. THURSDAY, FEBRUARY 92 1928, CAMDAGRANPOOL HASEFEGTINU.S S./Drop in Wheat Trading Held Due to That and Stock Market. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 2.—The Ca- nadian wheat pool, which controls a | tremendous proportion of the wheat production of the prairie provinces, is | shaking the big stick over the American | wheat market and the American farm- ers today. This is shown to a re- markable extent in the decrease in | dealings in the more prominent Ameri- | can wheat exchanges. | "“Trade in wheat has been decreasing | since 1924 onward, until now the latest monthly report issued by the Chicago Boar ! of Trade showed only 436.484.000 | bushels dealt in com ared with 819.- 740.000 & year ago. It has been years since the volume of transaction in wheat on the Chicago Board of Trade | has been at such a low ebb. The re- | striction of speculative interest has been brought about by several factors, but the influence of the Canadian wheat pool is perhaps the greatest. . The Canadian wheat pool, with huge quantities of wheat absolutely at its disposal, is able to influence the mar- kets to a tremendous degree to meet |its own needs. As a result, the Amer- |ican dealers and speculators have been | frightened out of the market. Go Into Stock Trading. gain in the volume of trading in stocks and bonds, which attracted a large number of big operators who formerly deait almost exclusively in wheat. Sev- eral of the very largest grain traders have practically deserted the westerr markets for stock dealings. Funds have | flowed into Wall Street for speculaticn and investment which previously had Dbeen used exclusively in the grain trade Another factor has been the fear of political interference with the market, either through State regulation, or ! through possible Federal influences in the event that the McNary-Haugen bill | should be enacted into law. Many gra:n | dealers maintain that the placing of this law on the statute books would serve to kill the greater part of specu- | lative trade in the grain markets. The corn market is not affected by the trend of Canadian market manipu- | 1ation. as is the case with wheat. This | is shown conclusively in the fact that | trading in corn has been on so much | broader a basis than dealings in wheat. | Farmers in the corn belt find them- | selves in a situation differing material- | Iy from that of a year ago. They had high priced hogs on their hands, with corn low in price. Hogs were fed and fattened for the market, while corn was considered of almost negligible value as | a cash crop. Corn More Valuable. Now with hogs down and corn selling above 90 cents, corn is considered more Another factor has been the enormous | P 1.00a1.15 Celery—Suppiies moderate: demand moderate, market steady: California. erates. 530: stripped. fine quality and comdition. 6.00. Florida. 10-inch crates. | wide range quality and conditon, wide eral setback, with oats likewise inclined | valuable than hogs. As a result, the downward. Provisions, too, went lower. [ porkers have been marketed in large | quantities with comparatively narrow margins of profit, and the growers are counting on the sale of their corn as a cash crop for their earnings at present. SALES ONLY SHADE LOWER| Volume of December Business ‘Y““;Lx held in the trade, ‘I?ug tf,al :: m’_ nder Record of 1926. Ninety-cent cornshoul $! ! e | hogs. but now the best hogs bring less The Federal Reserve Bank of Rich- than $9, so it is considered profitable mond reported today that retail trade in | to make their hogs and sell the corn. December, as reflected in department Sooner or later the continuation of such store sales in the fifth district, was 1/a policy, would, as with every other r cent below the volume of business|vicious circle proposition, lead to a December. 1926. It exceeded the No- | shoriage of hogs. vember volume by more than the usual| It is as a result of something of the amount, and was also above the aver- | same sort that there is now a shortage age December during the three years, of beef cattle. and beef cattle prices 1923-1925. have advanced to extraordinarily high o By The locomotives of the Pennsylvania Railroad take um& on the fly from long tanks between the tracks The Iron Horse of the Liberty Limited 1 the train rushes to: hand jerks sharply. the speeding cab,ahand tightens on a lever. The longtank between the tracks scems to draw near more swiftly as scoops a drink at nearly a mile a minute The {iberty Limited roars on its way unchecked. before. ward it. The Such track tanks—a Pennsylvania The ratio of corn to hogs, in value, it thi businessinl less capital tied up than was ever dreamed of in the world LIBERTY LIMITED figures, as compared with previous years. Cattle Most Profitable. Cattle at the moment are making the most profitable feature of the farmer's crop. His wheat is selling about 7 to 10 cents under a year ago. His hogs are nearly 30 per cent lower, his sheep are down 10 per cent, but cattle and corn are higher. The ratio is up over 5 cents a bushel and cattle prices have advanced 30 per cent. A change in this situation does not seem likely, despite the efforts to in- duce customers to eat less beef unt'l the price comes down. A Government report shows there are 6 per cent fewer beef animals on feed in the 11 corn- raising States and 16 per cent fewer 1 the Western States. Hog supplies are about normal, but heavy marketings have caten sharply into reserve supplies. Breeding inten- tions, however, indicate a big crop. The number of sheep and lambs on feed in the principal feeding States 15 about 10 per cent larger than a year ago. CHICAGO LIVE STOCK MARKET. CHICAGO, February 2 (#) (United States Department of Agriculture).— Hogs—Receipts, 58,000 head; generally | steady; early top, 8.40: some held high- | er; bulk good and choice, 170 to 210 pounds, 8.25a8.40; 220 to 300 pounds, 8.15a8.35; 140 to 160 pounds, 8.00a8.30: most pigs, 7.25a7.50; strongweights. | 7.25 or better; bulk packing sows, 7.15 a7.40. Cattle—Receipts 10,000 head; fed steers steady to 25 lower, slow, uneven: lower grades showing most decline; she stock steady; bulls strong; vealers ac- tive at yesterday's advance; in-between grades fed steers predominating, mostly 1500 downward to 13.00; best early. 16.50; weighty sausage bulls, 8.25 and | slightly above; largely 14.15 market on light vealers. ‘Shecp—Receipts, 10,000 head: ship- ing demand broad: fact lambs active, | | fully 25 higher: bulk desirable lambs, | | 80 pounds, down 14.50a15.00: early top. 15.10; nothing done on Colorados and | heavy offerings: few medium to good yearlings around 1200: shecp firm: desirable fat ewes, 7.75a8.35; culls, 4.75 25.00; feeding lambs scarce, around 15 higher, at 13.75a14.50. POWER OUTPUT GAINS. NEW YORK, February 2 (#).—West Penn Electric Co., which controls the electric subsidiaries of American Water ‘Works & Electric Co., reports net power output for 1927 of 1,650,714.942 kilo- watt hours, an increase of 11 per cent over 1926. - BUTTER UNCHANGED. CHICAGO, February 2 (#)—Butter unchanged; receipts, 5983 tubs. Eggs. steady; receipts, 13,642 cases; firsts, 34; | ordinary firsts, 30a32. | DIVIDENDS. . Pav- Hdre of Rate. riod. able. record Avr M , Commodity News I PORTLAND, Oreg., February 2 (Spe- clal).—All branches of the lumber in- dustry are speeding up in the Pacific Northwest, One hundred and fourtcen mills of the West Coast Lumbermen’s | Assoclation in their last weekly report indicate sales of 122,689,000 feet. West- ern Pine Manufacturers’ Association members report an increase in orders of 15.4 per cent. NEW ORLEANS. gas well brought in at McElroy. La., 35 miles north of | here, has developed into a large oil well nd is now flowing 10,000 to 12,000 bar- rels daily. DETROIT.—Afrcraft_production will surpass automobile production within a fow years, according to predictions made today by William B. Stout, air- plane manufacturer. He added that be- ause of the relative simplicity of the maller airplanes the initial and upkeep | YOUNGSTOWN. —The Sheet & Tube Co. s operating its plants 25¢ Mennen’s Talcums Special 14c 25¢ Mennen’s Shaving Cream Special 15¢ 50c Kleenex Cold Cream Towels ..3%7c 35¢c Barbasol Shaving Cream Special .... D pf. i Interatats 148 pf Louisy & Nash RB Lyman Milis . . N .o TeM Ry Do. 24 pi Scotten Dillon T, . 5 Seth Thomas €Ik Do, . i ne Will & Rau Candie SPasania in cash or 1Payanle in common country to do more imeandwith Below, beneath the tender, the sir-driven scoop darts down— ploughs a swishing furrow along the llow trough. A rush of water funneled up- ward . . . a final speed-driven spray ss the tender’s tank over- flows and the scoop springs back into place. The Iron Horse has had his drink. 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PARIS. cost will be lower than for motor cars | Three per times; fiv Youngstown | centim francs in the Mehoning Vallev at between 65 quoted at 25 francs BERWICK, Pa.—The American Car & Foundry Co. plant here has received orders for the building of 75 baggage ! cars for the Pennsylvania Railroad and for the repair of 200 coal cars for the | Lehigh and New England Railroad. PLANS 'PHONE CABLE. BALTIMORE, February 2 (8pecial) —Following the announcement of an extensive Maryland this year, the Chesapeake & | Potomac Telephone Co. has authorized | an underground long-distance cable be- | | tween Elkton and Baltimore, to cost | $87.540. construction program PRICES ON PARIS BOURSE. (). —Prices moved irregularly on the Bourse today. cent rentes, 67 francs 5 cen- e per cent loan, 86 francs 20 124 was February 2 London, dollar times. exchange on i, centimes. The S R NG TN “Washington’s Greatest Drug Stores” “WHY PAY MORE” SPECIAL Square Coty Compacte WITH REFILL Its plants in COMMERCIAL CREZIT CO. nAmgpM()m‘fl. February 2 (Spe- “ " cial).—Delay in marketing the I EgankHinsiisesier g | Ford car seriously affected the ez tion of Goods” Are Reasons. ‘,mkl:: ho:’“ the (;‘n:?,mr;rml Credit whicl one of the largest automol PAWTUCKET, R. 1, Pebruary 2| financing concorns in tha eomn (#).—The Lonsdale Co. one of the|according to the annual report j | oldest cotton manufacturing firms in | Made public. Net income of the co | | pany, however, for the vear 1927 | Rhode Island, today announced a | {axes and all adjustments, applicab | chut-down of the Ann and Hope mill| dividends on the com in Lonsdale, near here. due to poor | $1.79 a share, or lacking o business. The No. 4 Mill of the same | a share of being doubi the d company closed last week. The sus-|requirement on that class of 5 pension_is for an indefinite period | 5 g Y Nearly 1000 operatives are employe in the two mills in normal times. RAIL INCOME DROPS. SALEM. Mass., February 2 (#)—Be-| NEW YORK. Febru canse of “continued accumulation of | railway operating income o goods,” according to a| 69 railroads to report Dec dioday, the Naumkeag ings aggregated $53.1930 city. cotton manufac-| $75,174,000 in Decembe | turers, and its subsidiary plant, the| | Danvers Bleachery, in Peabody, wili| cuspend operations for the week of February 6, work to be resumed Feb- | The mills closed for the v 2 for the same reason. -———— COTTON MILLS CLOSE. “Acecumula- | manufactured | notice poste Mills of this BUTTE COPPER. NEW YORK. February 2 ‘# of Butte Copper & Zinc fell to $58.309. equal from $104.524 the year | cents a share. 50c Hinds Honey and Almond Special 290 35¢ Pond’s Cold or Vanishing Cream Special 2 1 c ruary 13. week of Jant | paris has a fad for costly gems. 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