Evening Star Newspaper, March 1, 1928, Page 13

] FIN NEATS ARELOWER IN MARKET TODAY ANCIATY THE EVENING STAR, WASHINGTON, D. ©C, BENT-BREAST TURKEYS PLENTIFUL AND CHEAPER Large Shipments to Baltimore Made by Raisers in Off Season Cause TIRE PRICE SLASH NOW SEEMS LIKELY FORT WORTH, March 1 (Speclal).— Prices for 2 and 3 year-old steers have finally touched the $100 mark. This figure was paid per head recently by Denver buyers to Mitchell Bros. for These animals THURSDAY, MARCH 1, 1928. FINA CY'A"I: Much Comment. $1,000,000,000 OIL UNION pany Interests Linked in Dis- cussion of Big Merger. BREWING, PAPER SAYS Standard of Indiana and Gulf Com- COAL TRAFFIC DROPS. by Lighter Fuel Movement. Special Dispatch to The Star, BALTIMORE, March 1.—Earnings of the Western Maryland Rallway continue to make unfavorable comparison with Western Maryland’'s Earnings Hit| RUBBER GROWERS MEET. Dutch Interests at The H-zud o' Discuss Their Industry. AMSTERDAM, Holland, March 1 (#). —Dutch rubber growers of the Dutch East Indies today met at The Hague to discuss conditions in thefr industry. 7.000 Waggoners steers. were consigned to the Mitchell people a month ago for $92.50 a head. SAN FRANCISCO.—The placing of an order for 2,000 refrigerator cars by the Pacific Fruit Express, a subsidiary of the Southern Pacific Raflrond Co., brings the express’ fruit flect of “recfers” to 40,300. The new cars, which will be last year, due chiefly to slower move- mt of®coal. Estimated receipts for the week ended February 21 showed a comparative loss of $82,374.08, per cent, Revenues from coal traffic were | $62,254. or 25 per cent less than for the corresponding week in 1927. For the first three weeks of February earn- One proposal was for the formation of a selling pool among Dutch East ! Indian producers for a portion of their or 18| output. Considerable uncertainty ap- peared to prevail as to whether this is able, as the newspaper Telegraaf investigation shows a majority of Dutch producers in favor of consulta- tion and co-operation with British pro- Special Dispateh to The Star, BALTIMORE, March 1.—An unusual number of turkeys are on sale in the wholesale market, having been sent here from the Eastern and Western Shore sections, where they were ralsed. The large number caused comment, since this is the “off turkey” season. Many of the big birds are what is |D¢ By the Associated Presw. NEW YORK, March 1.—The New York Times says that reports reached Wall Street yesterday that preliminary conversation has taken place between interests representing the Standard Oil Co. of Indiana and the Guif Oil Cor- ration looking toward possible con- Retailers Awaiting Cut—Sit- uation Lies in Status of Crude Rubber Market. : Veal, Pork Loins and Smoked Hams Down—Current Re- ceipt Eggs Up. bult by the Pullman Co. and the) known in the trade as crooked breasts, |Solidation of the two companies, which LT (R nrmilfl per | ducers. i e AR BY J. C. ROYLE. Pacific Car & Foundry Co. at a cost of | caused by a roosting posture that turns [have combined assets of nearly $1,000,- | cent, shrinkage in coal tonnage ac- ——— 3 -h:dcmn“«rl}t‘ \"351?\-““;“?33."‘1.33 “'R ;\l:;":‘l‘ ,’“A,u\ & $6.200,000, will'be delivered by scptem- a breast bone. This keeps them off | 000.000. counting for $169,956.97 of the decrease. < 1‘;&%3’.‘5 With @ slight”reduction in T el ber 1. the holiday makets, but does not harm | _ OIl Interests In New York, the Times || From January 1 to Februars 21 | NEW YORK MARKETS. & ki th oent=per=/| Rotal srose assets NEW YORK, March 1.—Automobile em in any way for the table. says, are inclined to credit the reports | Ings & 675,946.37, tore packed butter and a l‘ -cent Lo e e At dotivers dite G heE i LONROE, Ia —Moody & Scagraves| The price, however, is materfally af- |of @ suggested merger, but to doubt |20 per cent, compared with the cor-} NEW YORK, March 1 dozen increase in the price on eurrent o anufs : 4 |of Shreveport will begin work on a pipe responding period last year, totals be- ! firm: No. 2 Western, 1.28% fected, as crooked breasts are selling [that any substantial progress has been Teceipt ogw 3 plants at a rate but little below ca-|line from Richland Field to St. Louls | wholesale today at 25 cents a pound |made in the negotiations. Their in-|ing $2.700,916.13 and $3,376.862.50, re- | Y Veal was bein | 5 | pacity, but th I registers are not | And Memphis early in April. The work | while other turkeys are bringing as high | formation is that large stockholding in- | spectively. ~Logs in coal revenues was e orr iy et clicking with the regularity they hoped | W11 €05t $20.000000. as 42 cents ) terests in the two companics have been | $401963.55, or 26 per cent. o) ins smoked hams 3 ere egularity gl & " e and expected. Retail distributors have| YOUNGSTOWN—-Steel fabricators e = U ot [Poyertures ¢ calves and Jambds remained st the &‘lml;\xn;&} 1:" fl’\vn" purchases with re- [ in this district are continuing to operate WOOLS ARE FIRM. Times sayi L POTATO TRADE SLOW. 131, cents pol markable unanimity, a er rate with : s, 131, cents per ere ¥ at a higher rate with Spring just around A b CHICAGO, March 1 UP—U. S. De- ‘The production of motor cars is|the corner. BOSTON, March 1 (Special).—Me- Truscon Steel expects to veriod speeding cadily conseque & tment of Agriculture —Potatoes—Re- ‘ preferred | SPeeding up: steadily and consequently freach full capacity about the middle [ dium and low grade domestic wools PRICES ON PARIS BOURSE D e ot e THE VT | ginand. for original equipment of tres | of April o were firm today in_the Boston Wool | ceipts, 96 cars , 201 cars; total i of 6 per « 1028 from |15 g, but ‘the motor ca Market, reflcting the scant supplies, | PARIS, March 1 (®.—Price changes|U. S. shipme 9’ cars; demand | _ Phine % e ot an timone e e CLEVELAND.—The Glen L. Martin | but fine wools were quiet. Fine terri- | WCXC irregular on the bourse today. |and trading slow, market much weaker |~ STTENENT 0 Three per cent rentes, 66 francs, 40 |on old stock, steady on new: Wisconsin o 4 de will amount to vorable terms on their contracts. Ca. has been forced to move its aviation | tory was quoted at 1.15a1.20 clean e s it n M TN for far. |, Retail dealers are confidently antic- | field plant from Cleveland to Baltimore [ basis, French combing at 1.08al.12, | centimes; 5 per cent loan, 87 francs|sacked, round whites, znoaYzm Tdaho MERI formation as to calwes back of this |IPAUNG & cut in tire prices, and the At the request of the Navy, the largest | half blood at 1.10al.15, three-eighths (50 ccentimes; exchange on London, 124 | sacked, russct Burbanks, U. S. No. 1| | un m N q tire manufacturers are afraid they may | customer of the company.’ Local offi- | blod at 1.00a1.05, and quarter blood | francs 2 centim dollar was | 2.1022.30; Florida Bliss Trlumph», in | Scrapbook this for future veforence. have to make such a cut. Competition | cials are attempting to induce the|at 95 to 1.00. Fine Ohio flecces were |uoted at 25 frang 41 4 centimes. | crates, No. I, 3.00. ! HUDSON SHIPMENTS UP. NEW YORK, March 1 (#).—Hudson Motor Car Co. produced 30,300 Hudson and Essex cars in February, making it the largest February in the company's (Special) — h story and 5,000 ahead of February, ELECTED TO RAIL BOARD. NEW YORK, March 1 (#).—Robert | M. Feustel of Fort Wayne, has been| elected a director of the Chicago South | Shore & South Bend Railroad, to suc- | ceed P. A. Erlach, resigned. company to maintain plane plant in this city. BUYING B. & 0. STOCK. a commercial 010 000 00 00.000.00 quoted at 50 grease basis, half blood at 50252, three-eighths blood at 51a52, and quarter blood at 52. RUBBER DECLINES NEW YORK, March 1 is severe. ‘The margin of profit on tires is slim at best and in consequence the outlook for the moment is not particularly bright, despite the volume of automobiles now in usc and in proc- ess of manufacture. Misjudged the Market. MUSEUM FORMED FOR JOURNALISTS * smoked al3; Quiet Accumulation of Y\Ok(d should Road’s alive, 1315 o The reason for this situation lies ; Crude rubber, ‘smoked ribbed sheets, Packard also made a record in | Northwestern University Branch |,z Jo00 108 A ber Situntioy, | Shares Noted in Financial District. | declined 1c ‘at today’s noon quota- F('hrlnr shipping 4,404 cars as com- | = E = Fruit and \czeuble Review. | according to manufacturers, Rubber, | Special Dispateh to The Star. tion of 28%c. This compares with | pared Wiih 4,312 in November, 1027, the| STATEMENT OF Receives Many Gifts From previous record. BALTIMORE, March 1.—Quict ac- |38%cC @ month ago and 40):c a year | cumulation of Raltimore & Ohio Rail- | 389 road common stock has been in prog- — which stuck around 40 cents a pound | for over a year, has been subject to a drastic drop and now is selling around market re compil report on fruits and | d by the Market | of Economics. | : | The Tokio Marme &0 Fire Ins. Co., Ltd. |~ Newspaper Men, " 20 cents.” To the’ layman it Woulg | ress for thice weeks or more. accord- DRY GOODS STEADY. s—Suppiies moderate s 8 5 at the tire manufactniers stoed | ing to reports in the financial district, . | 1 : moderate, market steady. c B C‘"IC‘ALO“",:P“"]; Sl it from the lower price of raw 'l'h(!; (hu, ng 1]~ credited to interests | NEw YORK, March 1 (Special)— \Rcmprocal Underwrmng of TOkiO, Japaflo ginia, U. S. 1. 21: inches . Ma Sl { g said to ve been active in previous 5 5 mnrke! ere quiet ago 1at dav ot December a Somcs, % inches Gp. 80089.00; wh- | hesitancy about letting its rich back- | "' The manufacturers, hoviever, as they | market. movemonts i the stock. Cotlan goods miarkets were quict widin Company, Hhaierel Spys and North- | ground of fradition take definite form | have done s often in the past, mis- | Average carnings of the company fn | tooqy, At unchanged b for oixtos " ; , s induced the Medill School of Jour- | judged the crude Tubber market. When | the Tast (w0, vears wero abodt 1350 n | OUS, Were auoted at 7% for Gex6os sm at Northwestern University to | the break came, it found them all load- | share annually. Based on the regular | onoy ot 8% fo .l,"n’&'{u mm&o g establish a museum of American jour-|ed up with high-priced rubber or at | dividend of $6 a share, the return at e = i nalism. Many gifts already have been re- ceived, principally portraits of living newspaper men, said H. F. Harrington, director, who is planning permanent quarters for their preservation. “Almost every newspaper office in the try has some early historic papers, least rubber which cost them around 40 cents a pound, and with tires madc from this high-priced rubber. With the drop they had to write off an ir- ventory loss on their crude and finiched materials amounting to over 10 cents a pound for every pound of rubber in- cluded. the current market price is 5'% per cent, without taking into consideration the extra 50 cents a share paid last year. saps. 4 00; Delicious, 4.7 dium to very small size, Sn POWER SALES GAIN. NEW YORK, March 1 () —North- ern_Indiana Public Service Co. reports 1927 net income as $2,784.902, against 6 net of $2.683.970. Sales of elec- tricity gained 7.3 per cent and of gas £123.147. Cmaricet Valie ) 665 K81 lected and in a 1 R(vmc< 3 inches, . 2!3-inch fine qual- NON FERROUS METALS. NEW YORK. March 1 (#) v-)’\nu e, etc.. . “r and condition. 3.00a3 "a bt SOpples e e s (t,\?.n“lax:ngscgrri) Presidnt | possible Restriction Abandonment. |past week has been the best in some | 0 PeF €Pt A b pointed | some notable got his start.” he said.| The uncertainty in crude rubber is i"lm‘ from the standpoint of tonnage| -7 quatity and | “Many of those treasures have been lost, | due to the possible abandonment of [$01d in_non-ferrous metals. but busi- DIVIDENDS. ked. per hun- | We are establishing a repository where | restriction by the British colonial gov- | 1SS WaS malntained at the cxpense Ty . 60.00; barrel | newspaper men of the Natfon can leave | ernment. For nearly four s the | OF I.‘”‘l" S the Engineering and | ¢ npane Rate. viod. al crates. round type. 280. Old_ stock: | these records and know that they will | British ~government has ed the hé‘"!}_-fl‘:‘"r"‘» (h“l?' COPPEr Pro- f Am. “Manufact SL00 G Ma be preserved for posterity. amount of crude rubber which should {ducers held prices to slightly above 14| bo. ....... New York, sacked, per hundredweight. | Danish type, 1.00. Celery—Supplies moderate: cents a pound, but custom smelters made deliveries in the 13.875 cents. Large pur “Right now we are locking for an old Washington press. We would be de- st as low as ases are ex- be shipped in any quarter from the Straits Settlements, on a sliding scale demand | g with the price in the world oderate, market firm: Florida, 10-, lighted to get even a model of an old | fluctua < At i g gc‘lern:es. 4-6 dozen, 3.25a3.50. | C%v!onial Prs.\s. When we have our new | markets. If the average p(rilrll; w:;< over l;' g;m fly’r 6&1«‘1;;11: ;r;iu‘llrlelrin;r;m. )u:ng] s “ v a cel more could be shipped | dC ents a pound brought the quarters we shall have room for- an |3 certain figure more cc PRiL | metal to dts lowest quotation since e—Supplics moderate; demand | Ca If the price feil, shipments were cut down. Now it i uncertain whether this policy, known as the Stevenson plan, will be adhered to_in future. The Dutch East Indian planters will not agree to abide by it, and the stocks | of crude in the hands of dealers and| early linotype or a stone that has be- | In the next quarter. | come a link in the long chain of jour- | nalistic evolution HAIR SHOWS HUMIDITY. moderate. crates. Iceberg type. G-dozen, 3.25a3.50: in trapsit, 4-5 do: Ontons—Supplies demand mod- erate, market steady ichigan and Ohio, 100-pound sack: Yellows, U. S. No. 1, medium to large size, mostly 3.25. January, 1923. Zinc sold down to 540 cents, then improved in price. FILE PATENT SUIT. NEW YORK, March 1 (/P).—Mntn-‘ meter Co., manufacturers of automo- | WILLIAM A ' John B. Wathen, Jr., Mgr. 1108 16th St. N.W. Washington, D. C. | H st o Nof i res March 6, 1951 on exp i Correspandence of the Amsacated Press. | pianufacturers - aré. mgher . than for | pie R - |t T A Potatoes About Steads. CHICAGO—A snall strand ‘of hus|| yesis "4 eommittee. of the BHUSH | Boses e oo ol HARUOWH | b, pf oo Potatoes—Supplies of old stock mod- [ man hair controls humidity in special | Parliament now is investigating the | Federal District Court against Safe-T- erate: demand moderate. market about | testing rooms in the research labor- | situation. If it reports that the entife| State Co. of Brooklyn, charging in- 151 po..nd sacks, | atory of the Portland Cement Associa- pnn should be abandoned, no one could | fringement of Boyce patents involving | 1 Sssabooifuon an ell where the price of rubber would g0. | o dashboard type Hciior | % oun: en there is too much moisture in (e fansellf oo muchinoles e i Mergers More Likels. Twenty-Eighth Annual Statement o Suppli demand | a balariced metal bar. to0 which it is at- | Whatever fs done, it i5 likely that | EARNINGS SHOW GAIN Slow, market weak. Texas, bushel bas- | tached, to make contact with a fan. | the British producers and dealers will ’ . let Savoy type, 75a1.00: South Caro- | This biows the air over pans of calcium | get together in some sort of agree-| NEW YORK, March 1 (#.—Public December 31 1 927 " cloth-top, veneer barrels, Savoy | chloride which absorbs the excess water | ment 10 aid in holding up the price of | Service Corporation of New Jersey te- ’ | ports 1927 gross earnings of $115.906,- against $107,185,030 for 19 iving ce for dividends and surplus of C’M as compared with $12,475, crude rubber. The American consum- ers are agitating for permission to form a body so that they ¢ Even if such a body we in close fouch with the situation think | it wouid bave a rocky road to trave since the units in the industry have | seldom been able to get together on | any kind of proposition whatsoever. For the long-term output, of cours low-priced rubber would be of benef] to the tire producers, but for the pres- ent the uncertainty and loss on in- ventories is a disturbing factor. The drop in cotton prices recently also has and brings the room to the desired con- dition. When the air is too dry the hair con- | tracts and causes the bar to make con- tact with another fan that blows mois- ture into the room. As long as the air contains the proper amount of mois- | ture, the bar is held in suspension be- | tween the fw06 points of contact. ra:x*-"* s—Supplies moderate: de- | i market siightly weaker: | reefers, Missionary: Lyna I’m sales, 3.00 Atlantic Life Insurance Co. RICHMOND, VIRGINIA MENT OF THE CONDITION OF THE EQUITABLE LIFE IN- SURANCE COMPANY OE THE FEDERAL LAND BANK BONDS. Closing.) 1Quoted by Alex. Erown & Sons. EbpMuND A. SAUNDERS, President H ='m~g beans—Supp!. e e ey | 11t The long. put. this alte’ woud "be of| DISTRICT OF COLUMBIA Poosiaialiendl o e e al?ulrn}:?ll;nfi oo On the 31st day of D ber, 1927 wedivaden tEH some of the mergers and consolida- n the 31st day of December, 1927, as required under the g;s :r‘:;)\fs:)’,fl?’Jrh::;lg“;"“m“':;‘k:fl of in the| [Klslnc‘l IoBf C]?)l‘lnlnbia Code, amended June 30, 1902, and LIABILI I IES Hidn B oe ugust 18, . y o 10T GASOLINE ADVANCED Capital stoak. . . .$120,000.00 Reserves required by law... 3 5§.92282 TR!-:ASU'x‘f EEETIFIC{FE‘S. gi,’,‘;m ';,?,'f,,’f;w“’é‘;"‘m‘fi R ane |l Capital stock, pa[d up_ in cash. . 120,000.00 Apportioned for payment of dividends to pohmholdtn 9,521.45 (Reported by 3. & W. Selimy e Lol at EAaie ASSE'}S Policyholders’ dividends on deposit and interest thereon.. 8,599.11 . s Other liabilities. 371,207.46 TSTATEMENT OF THE CONDITION Cotinlbonk. .. .cov000ih vosnssnnvene TIMEEHD Dl s oo Toias, Weatern Nomu AwpricdN Aoy nyoe i Real estate .. ..., .. ceve. 255.092.00 Reserves for building dcprccmmn and contingencies 100,698.89 + Eams—Buppiies light d~mmqe1'_zm» Real estate mortgages (first |1cn) sones 2,258775/00 Capital... 750,000.00 SHORT-TERM SECURITIES, |~ Stocks (market value) ................. 6085.00 Susplise. 10102737 o, eoriod by 3. & W. Selipuan & Co.b | Capital v Bonds (amortization value) . . 2,988,167.89 ; Ca i e Premiums uncollected and in hands of ngrnls. 157.470.16 TOTAL.. $19,116,223.52 Rl et v teies (i Interest due and accrued. ............... 10060535 bouds” " (market Loans on company's policies. ............. 238,468.12 ..$6079.612.15 ) Jiccted Piruvinin and in i demand | boxes, | Tkl ol ... ...ty LIABILITIES. 1n A ASSETS First mortgages on real estate smalier and 6. 59; . $12,343,616.91 TABILITIES $16,555.26 Net unpaid claims . l”.llrf' E; ; nvlfl'f.m s2e, 5 R Reserve as required by law. . ... ... 5,407,185.00 Loans on company's policies... 4,316,021.65 4 3 - Premiums paid in advance. A 22,465.74 Home office building and other real estate at cos 941,705.38 z BUTTER IS HIGHER. Salaries, rents, expenses, taxes, etc sobe 57,100:23 Cash in office, banks and trust companies.... 39785882 | ! CHICAGO, March tal Mabilitle . I)fpmns........ 5,100.00 Dite o ’ sl i Q1 1080~ ¢ v Characer, ot Bilai Cash dividends n~mmnmg unpud and un- st bl b B 031 i s | et dur. CATREd INIETERt . iiis swivsiob ol oo 51.01 Other assets.. 23591179 ing HARDWARE PROFIT DOWN. | bo oy S ¢ b TR Capital stock oo .$120,00000 :fg;‘ “un]: STATEMENT O 41K CORDITION E 1 RAISER Vi Draalueny, B0 . chicninis e s e LI | - 57115491 Total liabilities . .................$6079,612.15 ; State Mutual Life ! Assurance Company of Worcester, Mass, ot before u Five-Year Comparisons Vit IO T National Cépi'lgl Insurance For the Year For the Year For the Year i 0% Bttt of Folvocily Eots bl Market value of bonds in excess of amortiza- 117 1922 235 Company of the District tion value not included in assets. ....... $213,082.61 Premium Tncone... § LISSAHISOS 8 202500747 0‘ Columbia Interest and Other Income. 256,977 o49,170.72 S1R0 Hmd 0% Joiw o dn racter of business transacted during the year 1927 i‘l_ ey ’.M“'. 5 ’: a7 10 0 | G ; SRR Industrial and ordinary life insurance. Total Income... e § LASZALAAT S JSTAISHLY S 501005500 v ie it e’ “"v"j”‘ Ll et i ¥ 0000 a0 Amount of risk assumed dur- Admitted Assets, Dec. 3lst.... 421583732 10375834100 19116,22352 | Tuectat Gle me Jyansaes ANSETS o ing the year 1927, . $4.639,329.00 Insurance in Force Dec. 3lst.. 30,513,047.00 90,380,507.00 ey CYERCTETTIT | i zworwon |0 Losses sustained during the Total Paid Policyholders.. 354,27 1,049,321.72 Jaweiiis, Ciiarieg N0 00 year 1927 . 490,798.24 : ‘ : o ViR o L Money received during the s RO iy 02 ixpended during the year A O SW N . QOO 1O URB 4508 LS Wi 1927, exclusive of losses. 926,835.04 : . = l\, hl‘lll‘lg( r ; i | e R A R HENRY P. BLAIR, President. For the District of Codumbia and Virginia teanmaeted during eyt il wng with fd dur ALLEN C. CLARK, Secretary. Subscribed and sworn to before me this 23rd day of e Gabatines JOHN N. BUCK, Agency Director B 2t o it e /v“‘. ”‘,_"’7""‘ 748 00 Tutal Natiliths. .., o g # g e DTIOFTON Chrton, ot biuigras Febiuary, 1928, S19 Southern Building 3 Aurig i e IBARGIOCRAR (Seal) GILBERT A. CLARK, Notary Public City Representatives | T 15 401 01878 w A7 160 0 %1 BN BiY 00 J. X, Connell y ) iriing WAL LR Jas. G. Stone - y L Ve TRUSTI tivnie A h WM b 1o 10707 31 b R L P T e R ol 1L B, Dameron AL . Ridgeway @ durii ki Sy Wbl RS s I John Co Marsh I e ¢ i J fi‘ r;jfi:xl’;flhncy’ WHL AT, ot AL L. Kelley & Son, Clarendon, Viegina : Cwrgas dia M 2 n b ar !'f PR A AJ mtv" - w. Df’g “:" A “'u'n”l“i;' s A',"" ’u’u 'l“. S sl ) " o : & e o Washingten, D, C Bl i & e