Evening Star Newspaper, February 16, 1928, Page 13

THE EVENING STAR, WASHINGTON, D. lettuce crates, 2.50a2.78; few higher. Cucumbers—Supplies very light; too few sales reported to quote. Boets—Supplies light; demand light, market dull: Texas, bushel baskets, | bunched. mostly 2.50; Western, lettuce ‘crates, 3.5024.00. | Caulifiower—Supplies moderate: de- {mand light; market steady; California, pony crates, 1.75a1.90. Representative Products Dis- | HUGE GUAI.MERGER played by Local Wholesalersé at Ordinary Level. 5 PLANS UNUER WAY | Fiity Bituminous Concerns to Consolidate, Ferming Two Great Companies. ontinued The local produce market € about stcagy this morning. holding at Today's Wholesale Prices. Ry the Assaciated Press NEW YORK. February 16.—More “ing i exees hs of bituminous e ¢ expocted to be consoli- within as a result of dis- te merger plans n these MOTRers. banics operating in Virginia ar plans m: on of operators in the Clearfield. An ad- tabiliza- industry ¥ | extraordinarily e { app ishel bask ors producing a total of s up. D: 53000000 tons, most of which is sai adv 10 be pledeed. In neither field was said. are outside interests to ce. the mergers being 2.50a2 ustrial rather than “Cabbage—Sup. financial. and r Teaae T, Mann, prosident of the Poca- s Fuel Co. is chairman of the tee which is directing the merger southern field. while V. L. High- land. Republican national commiitee- man from West Virginia and repre- sentative of 12 Clarksburg. W. Va., coal companies, heads the merger involving firms in 121 counties of northern West Virginia rators in the northern | field will be invited to meetings at Zorgantown. Clarksburg and Fairmont. W. Va.. next week to consider and sign the merger agreement. Companies Represented. Among the companies represented in inch crates. . v 2.90a3.00. sm: crates. Iceberg t=pe. 4-5 dozen. mos! 2.00: few low as 2.75. | Onions—Supplics moderate: demand | moderate, market steacy: Ohio and In- | ne southern field are Consolidation diana. most'y Ohio. 100-pound sacks|(oal Co. Massachusetts Gas Co.. yellows. U. 8. No. 1, medium to large | American Coal Co.. Gulf Smokeless Coal size. 3.00. | Co., Pond Creek Pocahontas Co., Ber- Potatoss—Supplies moderate: demand | wind-White Coal Mining Co.. General moderate, market steady: Michigan. Coal Co. Slab Fork Coal Co. and Crozer 150-pound sacks Russet Rurals. U S| Pocahontas Among the northern field No. 1. 3.35a3.50: Minnesota, 150-pound | companies which have approved merger sacks. Round White. S. No. 1, few plans are Purseglove Mining Co. Clark sales. 3.40: 1daho. 110-pound sacks Ru- ! Coal and Coke Co., Delmar Coal Co., rals. U. S. No. 1. 2.75a2.90. | Bertha Consumers’ Co., Consolidation Spinach—Supplies liberal; demand Coal Co. and the Hines interests. t market dull; Texas. bushel ba: . Savoy Iy ‘higher: S~uth Carolira. bus S vpe. 1.00al1.25; mostly aroun Supplies Moderate. Market Firm. Tomatoss—Supp! mand moderate. Florida. sixes ripes 3 b vocrer. wide range prices. 25024 00. Repacked—Repacked in Baltimore. un origin. fe sixes. Tipes. wrapped. fancy count repacked tn New York City. unl orizin. generally fair quality and condi- tion threes ri wrapped. fancy mot around 2.50: nt. 2008225, mostly around String beans—Supplies very ligh too few sales reported to quote. ] Peppers—Suppiies moderate: mostly | out of cars: demand moderate; | market steady: Florida. pepper crates. | fancy. 4.502500: mostly 5.00 | Esgplant—Supplies very light: de-| mand good for good stock: market firm | for good stock: Florida pepper crates. | ordinary quality and conditions, 1.50a fancy, high | ~ squeeze onto inger~apply toNose JELLY is guaranteed by 36 years service to millions of Americans on's ‘works wonders for_your Cold, sneering, cough, chronic catarth, head- tin on receipt of your nsme and address KONDON Minneapolis, Mina. Squash—No supplies on market Carrots—Supplies light: demand | light: market steady; Texas. hel | basi: bunched. 1.8522.00 YouWant To Be Sure that your treasured possessions are safe from the thief, from fire and from the curious. Keep them where they will be safe—in the steel-lined Safe Deposit Vault of the “UNION TRUST.” This protection is yours for as little as $3 a year. Come in and select your Safe Deposit Box now. 2% Paid on Checking and 3%, on Savings Accounts UNION TRUST COMPANY OF THE DISTRICT OF COLUMBIA ends baking failures because cach batch is “kitchen-teste Jor pies, pastrics cakes, biscuits and bread 1 /and that the supply will be short. DEMAND FOR BEEF NOW AT HIGH MARK {Advance in Prices Prompts Cattle Raisers to Build Up Their Herds. 1‘ BY J. C. ROYLE. Special Dispateh 1o The Star. NEW YORK, February 16.—Texas cowmen, for the first time in five years, iare selling their calves before they are | born. Contracts are being made today | all over the range country of Texas innd in some of the adjoining States calling for $40 a head for mixed calves "at weaning time next Fall. These prices would have seemed al- most beyond their dreams three years ago. but the demand for beef cattle still_continues tremendously brisk. The cattlemen all over the United States are building up their herds, which they had been compelied to cut’ down cvery vear because of their financial situa- | tion and the debts which hung heavy over their heads. In 1927 they virtual- |1y cleared themselves of indebtedness. | | Now thev face a profit. | However, they still have to gamble | with the weather. Range conditions in | Texas, as a whole. are not as promis- | ing as they were in January, although | the nerds are doing well on the present supply of grass and water. Lack of moisture also is feared in some of the | other range communities. Feeders See Prosperity Ahead. The feeders. however, are looking for- ward to a remarkably prosperous period. | Even at present prices of corn and | other fodder their returns have been high. There is every probability the demand will continue The effort to curtail the demand for | beef and beef products by retailers and | consumers, although it was backed by | determination, has not had a material {effect on the situation. Buying power {has been high and the call for beef as compared to pork and some other { meat products has been increased by the weather conditions which obtained throughout most of the country. Hotel men, restaurant men and re- i | | beef cuts are too high. The pack and the breeders declare that their op. tail butchers say that prices of prime | Hevden C ers | North G C.. THURSDAY, FEBRUARY 16, 1928 g:.mnu have taken the stand that the t is none too good. Wholesale Price Quoted. The total average wholesale price of side of beef, to hte packers, is 20 cents a pound, but they declare retailers no longer buy a side of beef, or even a quarter of beef, but buy what are known as wholesale cuts. There are only 30 many sirloin steaks in a side of beef. If the public demands sirloin steaks and refuses to take round steaks and chuck steaks, then the price of the round and chuck steaks, which can- not be sold, must be added to the price of the sirloin cuts. The troubles of the packers and the retailers, however, bear little on the producer. For the coming season his struggle will be first with the weather, then with the price of the forage crop, and finally with transportation. The Iatter factor is in a more satisfactory situation than it has ever been before in the history of the cattle industry, especially in view of the fact that the supplies of cattle available for slaugh- ter in 1928 probably will be decidedly lower than in 1927. This would indi- cate that there will be no special reduc- tion in price in the cost of beef for the American dinner table. CANADA BREWERS TO MERGE. WINDSOR, Ontario, February 16 (Special).—Negotiations are under way for mergers between a number of brew- ing and distilling firms in Canada, in- volving companies with assets amount- ing to several million dollars. Leaders in the brewing and distilling industry declare they are growing so rapidly that new capital must be sought to provide for expansion. S GERMAN BONDS AND STOCKS. B Special Leased Wire to The Star. NEW YORK, February 15.— Bid. 57.00 Asked Red Loan with draw ctfs att ver 100 R M. ... A1.00 Ger Red lLoan without draw ctfa per 1.000 R E (Quoted in dol Hambure 41pe 1 (Quoted_in dollara b n Elee 47,8 pre-war Fiec 420 Hamb s . Hamburg Amer Li 4% North German Liovd 4 lan. . Kruon b 101 soaw Dusseldorf 4a nre-war Frankfort a-M 4s pre-war Munich 48 pre-war. (Quated in dollars ATEG (Ger Go Elec) ... .. A E G (Ger Ge Elect nld'B Commerz and Privat Bank. 1°G Farben. .. ... Disconto Gellschaft Rerliner Handel Dresd 8 300 000 1200 0 100 1000 38.00 T4 00 1| ties inereased CANADA GROUP BUYS |HUGE DREDGE LAUNCHED RACINE PLOW PLANT AT BALTIMORE SHIPYARD Most Powerful Excavator Ever J. 1. Case Million-Dollar Corpora- tion in Process of Transfer. Consideration Not Stated. Built Designed for Government's Use in Panama Canal. 9 BALTIMORE, February 16 (Spe- cial).—The Las Cruces, the largest and By the Associated Press. most powerful dredge ever built, was RACINE, Wis., February 16.—The J. I. Case Plow Works, one of Racine's ploneer industries and which, since its inception in 1876, has developed into a million-dollar concern, has been sold to the Massey-Harris Co., Ltd., of Toronto, Canada, it was announced at the Case Co. offices. Pending complete transfer there will be no interruption in work, the 600 employes of the company were in- formed. No announcement of the considera- tion was givel 1. Case Plow Works, however. has $1, 000 in bonds out- standing. 16.680 shares of preferred | stock of a par value of $100, and 160.- 1000 shares of common stock, the value of which is not listed. ‘The Massey-Harris Co, one of the | largest manufacturers of farmingz im- | plements in the. world, exercised an | option dated on February 14, 1927 it | is sald, and purchased all of the com- | pany's assets and good will | Besides the Racine plant, the Mas- sey-Harris Co. has a farm machinery | plant at Bat . N. Y.: three plants| in Canada. an¢ branches in Europe. | BANK OF ENGLAND REPORT. LONDON. February 16 (P.—Th weekly statement of the Bank of Eng- land shows the following changes -in | pounds. Total teserve incrcased 1,499,000, cir- culation decreased 938,000, bullion in- creascd 431.000. other securities de- creased 90.600. other deposits de- pori's decr 81.000. public de- posits increased 000. notes reserve | Inereased 1450 0 vernment securi- elements needed 0,000 The proportion of the bank's reserve | [ to tiability is 3800 per cent. Last week it was 37.32 per cent. | Rate of discount, 4'; per cent. SOLD BY GROCERS | BOURSE PRICES IREGUI.AR. PARIS. February 16 (#).—Price | changes were frregular on the Bourse | | today. | | Three per cent rentes, 87 francs 80| \rmmmvs Five per cent loan, 85 francs | °s. Exchange on London, 124 centimes. The dollar was 25 francs 443, centimes. B L Toddy supplies all the ‘;_i(ll or growth, healthand strength —stimulates mentaland physical development through proper nourish- ment. Children prefer it to tea, coffee or plam milk. ACCErPT NOTHING launched yesterday at the Bethlehem Shipbullding Co.’s plant here, ‘The hull is 225 feet long, has a 50- foot beam and 14 feet depth. It will be equipped with a 1,000-horsepower Diesel engine for driving the electric generating equipment, which in turn will furnish current to operate the dredging machinery. The dredge is being built for the United States Government and will be | Rata—Maturity used in the Panama Canal. a0, 2 121 The agitating machinery consists of a steel ladder, so called, 90 feet long, and | ;s 7 ! capable of excavating the hardest ma-' 4. var the water line, yards of material per hour. —_— 13 133 igd i 151 The world belongs to youth—and health! START your boy off with a big push. Watch , ) his food and drink. Give himq'oddy made with milk—morning, noon and night; after school, at bedtime. Quick and easy to make. You don’t have to coax children or adults to drink this tempting, palatable food-drink. Try this taste treat yourself—you’ll like it. "HOT or COLD 4 Meal in‘a Glass" l ir, That’s Good Coffee!” OUR FAMOUS GREEN BAG COFFEE The public is the judge—and that it makes friends wherever it is served is reflected in the constantly increasing demand. You can te_ll_th-t peculiarly pleasing flavor the instant you taste it. No mistaking Green Bag Coffee—it is so entirely different from any other. By special blending we have produced a brand of Ccffee mild enough that you can indulge to your heart’s content. 7c a pound —because of the Sanitary economies of selling Only at Our Stores Sanitary Grocery Co., Inc. One Near Your Home Stores Everywhere terials from a depth of 60 feet The sucked up rial is discharged through a pipe can be extended two miles in ien t capacities of from 600 to 1,000 cubic elow ate- ich TREASURY CERTIFICATES. (Reported by J. & W Seligman & (¢ i F T CHTRE TR AR ER s TRNE B L