Evening Star Newspaper, March 4, 1928, Page 40

THE _——m e 0 {COTTON DECLINES INSHORT SESSION (Close Steady at Net Loss of 11 to 17 Points, Due to Cables and Weather. Br the Associated Press, NEW YORK, March 3.—The cotton market was lower today under liquida- tion and selling evidently promoted by relatively easy Liverpool cables and prospects for rains in the Southwest. May contracts sold off to 1833 or 23 points below vesterday's closing quota- tion and closed at 18.40. The general market closed steady at net declines of 11 to 17 points. ; The opening was steady at a decline of 12 to 15 points. Initial offerings were comparatively small and were readily enough absorbed to cause ral- Mes of several points, but the market eased again under realizing or liquida- tion by recent buvers and some selling for local and Southern account Selling was not particularly active nor | aggressive, but demand was limited. the decline extended to 18.15 for March and 17.83 for October, or about 19 to 24 points net lower. Closing prices showed rallies of 7 or 8 points from the lowest | on_covering. The propsect for rains in southwest | Texas was considered favorable from | the coming crop standpoint. as subsoil moisture is still supposed to be deficient | in some parts of west Texas, some Ob- servers saying there appeared to be a little more Southern selling here dur- ing early trading than recently. May was offered more freely. Some sciling of that position against chases of Oc- tober, supposedly to undo old straddles and a narrowing of the old crop pre- mium, may have encouraged reactionary sentiment. Private cables reported hedging with local. continental and Bombay liquida- tion at Liverpool and that trade calling had been the chief support. These ad- wices. however, sald demand for cotton eloths in Manchester was well sustained with freer buying of varns made from both American and Egyptian cotton. A little continental buying was reported n the market here during early trading. but it was not much in evidence in the forenoon. The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 102,000 bales. against 196.000 last year. and 103,000 two years ago. It was reported that sbout 5,000 bales of cotton were being shipped out of the local stock today for | 14 Liverpool. T T Ship Afire Off Corinto. MANAGUA. Nicaragua, March 3 (#—The plates of the coel ship Gothic Star of the Blue Star Line, which has been afire off Corinto since ‘Tuesday night, buckled yesterday because of th2 heat. Several hatches were blown off by three explosions of gases. Th2 U. S 8. Rochester and th> steamers Arizona and Portia have offered to help. but the | captain of the Gothic Star repliec that heip was not naeded. foraisio; £ S0 W Five Die in Snowstorm. BATUM. Georgia. United States of Bouthern Russia. March 3 (P —Five Ppersons were killed hore when the snow-laden roof of a public bakery crashed during a terrific snowstorm which has bren sweeping Transcau- easia. At Tiflis. Georgia. and Erivan, Armenia, telephone. telegraph and rail- way communications were crippled 2nd everal persons buricd under the snow. SUNDAY STAR, WASHINGTOY, D. O, MARCH 4. 1922—PART 2. | Marinesin Shanghai %Are Given $650 by iThosc They Protec ‘ By the Associated Presa, | SHANGHAI March 3.—The 1,200 United States Marines stationed here as the American contribution to the international _defense force are spending for souvenirs the sum of | 1275 Mexican doliars presented to | them by foreign residents, who do | not belong to any of the “big five” | group of nations. The money is their share of a fund these residents raised for the soldiers of the American, British, French, Japanese and Italian forces in appreciation of the protection re- ceived from them. It was a Christ- mas _fund, amounting in all to $12.000 Mexican (half that in Amer- fean money), but distribution of it among the’ five contingents has only lately been completed TREND IRREGULAR IN STEEL MARKET :Ccpper Is Quiet—Tin Holds Generally Steady—Lead Again Is Reduced. By the Associated Pross, NEW YORK. March 3.—Considcrable irregularity_has developed in the steel market Reports were that in the Eastern territory there was only a mod- crate new business placed for second quarter shipment largely from fabrica- tors and the railroads, and specifications received by the mills against current orders were below expectations. In the | Western area considerable activity pre- vail-d particularly in the Chicago d trict. In other localities and particularl: where the bulk of the orders usually come from the automobile industry. | production has also increased. In the | Southern territory, fabricating shops | were busy. Pig iron was barely steady. Copper continued quiet with domestic and foreign consumers doing little. De-| | liveries against contracts were said to | be sufficient to supply present needs and offerings of metal at concessions, with some second hands and custom smelters gquoting as low as 137 for_small lots, failed to- attract businoss. Larger pro ducers continue to hold nominally af v | market was generally Steady. Sellers were not pressing prices, although the actual demand was moderate. | Lead was reduced again and the lower levels were reported to have brought about a better demand. | Zinc prices presented a undertone and scllers moderately. However, the demand was | also limited. Zinc ore was unchanged. were offering i Sollimited : | to pass it down in direct line. epot and fature enimar easier Both | fourth duke died without issue and the | for spot and future shipment positions. | Sellers reported a moderate demand. | BRITISH AMERICAN OIL. | NEW YORK, March 3 (#).—British American Oil Co. Limited, declared a | quarterly dividned of 25 cents, pay- jable April 2 to stock of record March 15. This places the stock on an annual basis of §1, formerly 80 cents with extras. The bird population of the United States is estimated at four billion. Despite the increase In the world's | le supply of tin in February the | steadier | ™ BURST OF BUYING - ON CURB EXCHANGE tIssues in Virtually Every Group Lifted Into New High Ground. | By (he Assaciated Press, NEW YORK. March 3.—-Th: curb mazket closed the week in a burst of ag strength which lifted issues in cvery group to mew high sion caused by eprofit- was not_apparent to- ments reflecting gains | buy | wirtually | ground.” The rece iaking vosterday day. upward mo jon the “big board.” ! Imoved up 1 to 16 poin‘s and ut | made smaller gains, but register: | number of new high ree Olls werd weaker. |~ Bancitaly continued as {advance among the industrials. On a wrnover of 21,000 shares the stock gained nearly 3 poin‘s ' toach a new [ high at 198',. or more than 100 points above :he low of last vear and more larder for the | e th> low 02 : than 60 points above the low of 1928.1 0 pie t0Yores fat stock, and val- Much of | 11es on most lines show an increase o It cased off to 195, | stronger, closing at 195 the buving came from the Wes There were numerous other | highs. among them Atlas Plywood | ville Shor, Timken Detroit A: man Realty, Atlas Portland Cement and Columbia Graphaphone. Ford of Canada | moved up 16 points and the Celanese wos. which had sagged all week, ad- {vanced 1 to 3 points. Auburn gained then. became new nearly 5 boints without carrying other | Among the weak spots | Albze. | | motors_with it were Wire Wheel and Keith which dropped to new lows, Deere & Co., Firestone Tire and Tubize Art Silk } Buying strength reappeared to lifi { almost the entire list of public utilities. { American Gas & Electric moved up nearly 4 points to a new high at 135 Others reaching new highs were BufTalo, Niagara & Eastern, New Bedford Gas & Electric, Pennsylvania-Ohio Edison, San Francisco Reilway Rights and Standard | Power & Light. PROTECT DUKE'S NAME. French Courts Rule Use by Brandy Firm Illegal. Correspondence of the Associated Pross | PARIS.—A duke can't s°ll his chil- | | dren’s title to a brandy house. He can | do anything with it he wishes while he is alive. but when the title has passed | on, the ducal heir is the only one who | can put it on the market. Courts, therefore, after three years' litigation. have given the Duke of Mon- tebello full right to his name and have ordered a brandy company to discon- tinue using it. The brandy man fsn't happy, because he paid the former duke a goodly sum for the ame. What complicated matters was that | Napoleon created Marshal Lannes Duke | of Montebello, but authorlzed him only The title went to an uncle. but previousiy King Louls XVIII had included the Montebello title in the peerage. which carried with it the right to pass the title | to collateral heirs. It was the King's action, therefore, that governcd the | courts of this republic. although three | republics have succeeded the overthrown | royal regime. | ATl R TN = | Dashing after two foxes, two hounds | of Staintondale Hunt recently went over the high cliffs at Cloghton. England, | and one of the dogs was killed. ' The whole world knows Aspirin as an effective antidote for pain, Burt it's just as importaat to know that there is only one genuine Bayer Aspirin. ‘Vhe name Bayer is on every tablet, and on the box, If it s ys Bayer, it's genuine; and if it doesn’t, it is not! Headaches of all sorts arc dispelled by Bayer Aspirin. So are colds, and the pain that goes with them; even neuralgia, Jayer—at any drugste Physicians prescribe Bayer Aspirin it does NOT affect the heart WW;;. she sradde stk of Haver Maplacture of Maonoaceticaridester of Salicy 6 nearitis, and rheumatism sre—with proven direction promptly relieved, Get 18, i Industrial 1ssnes | trade-marked | cid ‘ especially Winters, 2 pounds andidhlgm Iots of young chickens and large | hand demand has eased off and buyers " which meet_with ready sale at | fat capons which arc the only lines that | are more critical as o quality. Qio- 40042" a pound, while large, smooth | will bring & premium dressed over live. | tations today at Light Sireel Wharf birds bring 3335 and Leghorns, 28a30, o Gadad R Toiiies: | Beef cattle, first quality, pound. 1 BALTIMORE, March 3 (Special) — | bt poor, and thip stock not 80 dosirs| wpno white potato market, rules firmer | 13 common, to meaim. £ 1o 10. b Closing grain quotations: Wheat. No.| po" dhown an fmprovement this week |Under generally light receipts, and a | Gney "6'10°3: common to fair. 3 to 2, good demand for well graded round | fAncY. 6 1o 8 tommon (5 fair. 9 10 stock at 2.00 to 2.25 per 100 pounds, but 2, red Winter export, 157'4; No. 2, and stock welghing 3'5 pounds and ‘ k red Winter garlicky, domestic; 1.58%1 | A0G SOCK O OE Lk Mighter fowp | SRE a0 2 et 100 palldR i | chid 5 to 151, large fat, 12 to 14 as well as Leghorns sell mostly 24a25. | GHFGNEEE A% B80S0 oG 25, while | large, rough. 8 0: rough and cem While receipts of young turkeys have | No. 2 potatoes. as well as culls, are not ' n only moderate the past week they | wanted and have to be sold at sharp dis- ve been ample for the demand, which | counts to the Arab trade. Market for ng off as the season draws 10 & | yweet potatoes and yams holds steady Old toms as well as crooked 'under generally light receipts and a fair nifls l"'“{m"f lmv’-‘ b'r;;lrl “‘t‘;“‘rlm‘)‘c‘ta‘nmnd. which is centered on fancy | oo o sral 8 veel |receipt, and prices in 'S¢ 0 nes fstock at 2.50 to 3.50 a barrel for the Which 16 some extent b of & speculative | the former and 25 for the Iatter. Young |ihe latter. Bushel hampers, sweets and character. The market, which has| hon turkeys, 8 pounds and oyer, scil)yams seil mostly 100 to 1.75, with the ruled gasy the past week, firmed up to | Mostly 40 to 42, but young gobblers. 10 | ‘ormer bringing outside price some cxtont today, but values still show | Pounds and over, will not bring over 34 | of rough' or frosted prials a decline, the market closing toda jond 95 SOEpEt Y 1 i 0 able, as all such Is hard to move 26120267, a dozén for figsts in ready sale at 35 to 38 for large fat and of uncertain values, while culls are Rl RO AL L R e | iras, but small slips will not bring over not, wanted at any price. Demand for Rl DA i atTle GUEeRE | S0 native and nearby garden truck only ¥ ‘;L‘“‘,}:L ,‘,"‘.,’,‘,g“ M""d";; “‘g”‘kl,‘.‘“‘,:,’l‘(', Old roosters are n lighter receipt and | fa nd receipts fully ample for ail| CHICAGO, March 3 (). —Ad quali o5 The markot ‘(nr (Ill\t‘k r'pr'v rtter demand at 16 to 18. Demand for ants at the following quotations: | 3575.000,000 over last year, holds firm and all stock showing quai- s cMitinues good, and the market .00 to 2.25, bushel; onion: e sissse A Rl iatton ity immcotss withizeady sale @Y 40 cents firm a* 29 and 30 for stock veigh- 3.75 per 100 pounds: oyster pla bl st i dozen, but held stale cags, which are 4 pounths snil ever WS 13 and 28| 10 PG ver 1O peisie. & SE3 Adtireit of Vs untiedl ficee v o Sheinidark o lighter fowl. Guinea fowl and |basket. Savoy cabbage, 50 to 65 bushel. 523. As a result of the unusal increase, easily detected by their dark yolks, have ns continue in good demand. The |and turnips, 20 to 40 basket for washed It was said, the city would be able to "l‘l:;;n:::‘&i I'l‘"pt:l-’;‘l"ll d\ 'l't""l‘ et holds steady at 40 to 85 ecach nd 20 to 25 basket for unwa 'mxr)rl’!;’\rfl.fll()?l more ‘r}'(‘) n]\'n‘ ,'v‘n;; 1.000 2 ene LA for the former and 30 to 35 a pair for Cattle Holds Steady. fire Lol Copll Lo oL i | the latter. The live cattle market hoids steady gl Smaller valuation had been ki S | Demand for dr and values show little change from last | 7“ Poultry Market Firm. las th week. Reccipts at the stock yards have The live poultry market continues been fair but very hittle cattle arnving firm and active, with a good demand i Baltimore Markets bulis, Corn, No. 2, vellow domestic, 1.10a112; | contract, export, 1,06 cob corn, | 00; oats, No. 2, white domestic, 3, white domestic, 64a65; |b rby, 1.001.10. | arket continues unsettled | and strictly _day-to-day_proposition. | ¢ Receipts.‘of -native - and. -nearby eggs | mon, % to 8: sheep. choize. 5 to 6 | bucks. 4 to 5: lambs, Spring, choice. thin. 7 to 8 sows, 6 to T: 10 to 13: shoats, 8 to 9 dre: hos and lard rule generally slow demand at th quotations: Chofce light weizghts, pound. 10 to 11. medium. 9 to 10: he 7 0 B: country Jard, prime while, dark or brov stags, 4 to ollowing 11: Chicago Tax Values $4,352,609,523 ancing Cook holding for ssed poultry is limited L 5 to a close and with . apons, which are pre- rred dressed on this market, there fs re demand for live than dressed poul- Movement light and_centered on to medium size hen turkey Bride. bridegroom, the maids and best man at a recent dd at Dover, England. were all dumb ceremony being performed in the d-af With the Lenten season at ind dumb language. by boat. A fairly good demand prevails | for first quality stock. but all common to ordinary cattle is slow sale at in- side valucs. 23.00 Q' consecutive maenutes GIRL, BOUND AND GAGGED, IS THROWN INTO CELLAR Stepmother Findd Victim Uncon- scious in Basement of Home Aftor Mysterisus Attack. SHLAND, Ky.. March 3.—Miss Vire ginla Coburn, 18, daughter of Frank Cokurn, was found bound and gagzed in the basemont of her home in South A {5 morning. She was uncon- 7 the result of a nar- not tell what had hap- as {01 i neros A window red in, ind dropped thi by her a man and ieft th~ hou: turned until thi found in the ba: . No woman in London, and f 15 more intere:‘ed in London’s m wo 1 lad an Queen in odd hour: wh is declare acouaintance In Traveling 25,000 Miles in Less Than 23,000 Minules The Commander Demonstrates Studehaker Speed and Stamina ”TO the ear, only the swish of the wind; to the eye, only a speeding flash . . . as three stock Studebaker Commanders hurtle through space at the Atlantic City Speedway to travel 25,000 miles in less than that number of minutes. But within each powerful motor, a fusillade of explosions . . . 6830 per minute . . . over 156 million during the run. Pistons plunged up and down with lightning rapidity—more than 104 million strokes. Valves, red-hot, opening and closing 1,100 times cach minute . . . more than 26 million times during the 25,000 miles. And all this in a raging inferno of flaming gases! Never had a motor been called upon to stand such an ordeal. Never had man or machine traveled so far so fast. Stock Models—Certified by A. A. A. And these were not cars specially built for prodigious feats of speed, but strictly stock, fully-equipped Studebaker Command- ers alike in every detail to those driven by owners all over the country. The run was made under the supervision of American Automobile Association officials. After the finish, they tore down cach car, examined it minutely and certified each to be a strictly stock model. For one car to maintain such speed for sixteen days and nights would be a profound tribute to the enginsering genius behind it. But, for three Commanders each to travel 25,000 miles at better than a mile-a-minute, proves beyond all question that The Com- | mander is the World’s Champion Car! such endurance. Just telephone and say when and where. Fisepouies Tp_ you, the fact that The Commander holds all the highest official endurance and speed records for fully equipped stock cars, regardless of power or price, is highly significant. Not only can The Commander travel at high sustained speed, but it can stand the hardest driving and still retain its youth for thousands and gllolxszlxlds of miles. Only engineering genius, combined with the finest materials and workmanship, could produce a car of Get behind the wheel —see for yourself Dri\'c Th}'fiomnmndcr today and experience the' thrill of the lithe, untiring power that made it the World's Champion Car. THE STUDEBAKER LIN | PRICES (& N facoorien) $1985 $1195 Shock Absorbers Standard Equipment On Al Studebaker Mml-h‘] JOSEPH McREYNOLDS, Inc. Scles 14th Street at R Potomac 1631 Saies Conn. Ave. at R North 6575 Maintenance Kansas Ave. and Upshur St. Columbia 3052 STUDEBAKER ‘‘ne Great Independent memnd s