Evening Star Newspaper, March 7, 1928, Page 13

THE EVENING STAR, WASHINGTON. D. €., WEDNESDAY, MARCH 7, 1928 BUYING IS BRISKER INLOCAL MARKET Few Changes in Prices of Wholesale Produce Report- ed by Dealers Today. Practically no changes in ch buying t two days g ‘hn!d ng company Fruit and Vesget: 3 5088 00" boxes W, | : demand n*'lw el w T | Glass Co. | president of the concern. He was chair- : demand mod. and Ohin. S. No. 1. medium to Jarge size. 4.00a4.50; mostly stock: supplies v around | Florida. | rose { Corporation has purchased the Durant | Motors plant heavy: Texas. 90al.00; some fair demand bushel | Strawberries— ‘Tomatoes Mght, mar York City. STapped. fancy No supplies on market 1 demand firm; in New unknown origin. threes ripes | 4.0024.50; choice | |HEAD OF PITTSBURGH | manufacture of electrical storage bat- |teries will be started as EVERYMAN'S VESTMEN RGE T. HUGHES, Stocks of Holding Companies. Besides the bank and insurance stocks referred to in the preceding ar- | ticie in this series there is another class of shares the book value of which is an important guide to the market value. These are stocks of the holding companies. In recent years there have been organized many corporations the business of which was to acquire stocks in other companies, principally public cs. en the holdings of these corpora- re known some estimate can be made of the value of their own stocks. Take for instance a company which bonght the high-grade dividend-paying ilities a year_or so ago. They have | now ge profits on their purchases th theoretically these profits ought to cted in the market price of the shar speculators have been t for such instances. ndicapped by the imformation as to the the holding companics, rule reluctant to dis ons, except, sy, once 1 report. There is any certainty possible on e to those nsiders who are h with the buying and sell- speeu- azardo warning npees- though an advance in the mpany stocks is justified by tion in the market for the owns it does not follow vities could be disposed attemp? | s of stock would in a slump in price . it is possible that the rise of the operating com- have been carried too far. tement that is se. 1f the ad- market 15 1ot for the shares cannot < and the marki been Y of close their o car may sound, that in the md of the holding companics intained either. PLATE GLASS CO. DEAD PITTSBURGH. March 7 (M).—Capt. | Charles W. Brown, president of th ! Pittsburgh_Plate Glass Co. and promi- nent in Pitisburgh financial _circles, | died vesterday troke suflered January 14. rown became skipper of a ship when a young man, but from the sea aftcr 20 years service and entered the glass manu facturing business in Minneapolis. In 1898 he came to Pittsburgh and was made secretary of the Pitisburgh Plate Since 1916 he had been man of the Pittsburgh Branch Federal Reserve Bank of Cleveland, a director of the Mellon National Bank, the Bell Telephone of Pennsylvania and the Brown-Graves Co. of Akron. Ohio. Funeral services will be held tomor- row. with burial at Newburyport. Mass., where Capt. Brown was born June 4, 1858. His widow, three sons and three | daughters survive. GENER‘ALiMO:fORS ENTERS | STORAGE BATTERY FIELD : MUNCIE. Ind, March 7 (P).—An- | nouncement that the General Motors that a for the in Muncie and new unit of the corporation this | following a p'\x.’\hl)\‘r {he van with a total of 1314 | OUTPUT OF CEMENT 1928 Consumption Is Expect- ed to Exceed by 15,000,000 Barrels That of 1927. BY 1. C. ROYLE, Special Diapateh to The Star, NEW YORK, March 7.—Cement mills, which have veen on_light production schedules durimg the last four months, today are getting under full headway again. The d-mand for cement is ex- pected to be heavier ihis year than cver before. *Ths mills fn most of the Norihern sections at present are making clinker. When the sione and other materials used in making cement are crushed and mixed, they ar~ placed in long, eylindri- cal kilns which revolve. At the kilns turn the contents are brought into con- tact with a jet of flame which has a | heat of 3.000 dearees Fahrenheit. This heat almost melts the mixture and forms what is known as clinker. ‘This may be stored without deterioration un- til pulverized, when it becomes commer- cial coment and can be shipped needed Unless curtailment depre: some dras the mills of the country will turn cut 185.000.000 ta 190.000.000 bar of | | cement in 1978, This represents a gatn | from approximately 173.000.000 barrels made in 1927, By March 15 most of the mills will be under normal production | schediles ¢ of the mills of the co 000,000 barrels a v never been suflicient dem: capaeity fully oceupied, not bt this ye when even be insutficient dlding program, 1t s con- imated, will eall for éx- of £7.000.000,000 The amount of cement ap- proximate 63,000.000 by larger portion’ of cement naturally used in heavy construction, and in Feb- ruary the total contracts let for this type of building totaled $£213.290.000 This com! X with 0.000 in February, 19 In J v construction contract outlay 1984.000. The paving and higl program for rrent 3 to estimates, will approx 000.000. It will require 50.875. rels of cement. The gasoline taxc collceted in all exeept twio s 000, “l\fl There i 10 keep there wi is nearing Feapaetty wil ‘The 1928 servatively penditure which are States, will furnish nea this year. The larger J be a te for road m iction by the Sta Through the Federal the National Government will co ute an amount well expended in 1927, when its share $33R.187,766. When' 1927 started there were 38 miles of improved Federal-ald ros under construction, with Nebraska in In spite of this total, the new roads now under construction” will scarcely be enough to zive parking space to the auto which will be built this year The program of the public utility companies shows no signs of slacke: ng. 1t no new projects were started | in 1928 there would still be enough work on those already under way A keep many thousands of men and was so0n as pos- sible was made here yesterdav by C Wilson_of Anderson. president of the | Deleo-Remy Corporation The entry of the General Motors Cor- | | flflrx'mn into the manufacture of | xes | storage batteries is a new ur\l'lnprnenl' 00a8.50; | { plant will be operated as a unit of the ans—Supplies very nd light.: market steady; light Florida . mostly 7 -bushel . green. range prices, 2.5085.00: wax, fair v and condiion, 300a3.50. | demand moderate, mariet steady; Florida, p’p-l per crates. fancy, 4.0024.50 Eggplant and squash—Supplies very | 100 few sales reported to quote. Cucumbers Steads | es moderate: de- | stead tes, fancy double extra | , few | ice crates, bunched, | mod- | ico, C.g lifornia, de- | Cali- | dos , 1 5011- s moderate dtn'nrd v; Florida, boxes me- TEDERAL LA!\D BANK BONDS | Alex Brown & Sor i {Cosl Co, e Wik s Lise Buimer season UETe, Indiana, | m within the corporation. The Mlmrir‘ Deico-Remy operations, with headquar- ers at Anderson. PERIWINKLE IS ENEMY | OF MARYLAND OYSTERS| Special Dispatch to The S BALTIMORE, March 7.—A little blue iborer, known as the periwinkle, is working havoc with oysters in some of the southern sections of the State, ac- co tate Conservation Com- iorfer Swepson Earle. . In Norfolk and the salf waters of where ers are plentiful, e periwinkie, better known as the ‘borer,” is the only ene has Commissioner Earle There is some trouble being caused now by its appearance in Mary- land oyster Do around Tavgier Bou0d ry waters, in Fishing. Bay scores of cem t mills busy maintenance and construction work will account for fully as much cement | as in 1927. F use will take f‘:\'v of about 12 per cent of the total pro- | { duction. Canada which $418.951,000 in undoubtediy will pass the mark this year. Th <ome part of the American cement pro- ductton SEEKS WIRE LINES. Canadian .‘i. v;on:l R:sumv‘s Nego- tiations With Western Uhnion. . Quebee, March 7 () —The Canadian National Railways are reported to have resumed negotiations with the Western Union Telegraph Co. for acquisition of Western Union lines rovinces, (0 be oper- building program 1927 ond half-billion had a pmm,-m of the C nadian National. in charge of the d | partment operating tele m fhe outcome of the negotiations prob~ would not be known for six weeks Experts now are appraising the physi- | and the Nanticoke River. 3 nent agents rol the and will be able to take advantage | | of whatever method they devise, The borer drills into the year-old oysters, which shrivel up lnd die.” BANK IS 100 YEARS OLD. l’rnr’nx)tk(uv\n wan'.:a Institution Organized March 7, 1828, steh 19 The Star ICK, Md., MARCH 7.—The Fredericktown Savings Institution, one cal and other assets of the Western Jnfon property in the eastern prov- nces, he said. ,EARNINGS SHOW BIG GAIN. | Middle West Unlili"s Hnu 1927 In- | come Totaling $14,500,767 NEW YORK, March 7 @ | Middiewest Utilities Co. in its annual | veport for 1927 showed total in | for the year of 814,509,763, an iner | of 15.7 per cent over the previous ye | income. Burplus earnings, ‘The after payment n dividend: ¢ banks organized here, today ted the one hundredth anni- of its found! ‘The original ws, written March 17, which are well preserved, are on "Foe bank 1n 1804 p to save the WILL OFFER SHARES. EW YORK, 9 (@)~ Forma- was_ annou yesterCay of a up of A an and French bankers oduce ‘0 the American market block of securities ui the French poration of Amer- ates ws provided 1n the riles in foreign secusities on the ted markets of 1his coun- Jup I8 headed by the Equit- Co. of Kew York. ‘fhe e, which was organized in s u fieet of about 100 thips GLEN ALDEN DIVIDEND. CHANTC Pa, March 7 ‘A4 regular quarierly dividend of ¥ a4 by al thelr meeting here today ahle March 20, stock of 50 was Dividend s record March SHARES APPRECIATE NEW YOIK T (A Appre- ciation in the valiie of common sk of Genersl Motors, # wnd American Telephone 1927 114600 000, 0r more Tctease ot S903.272 000 okers loun INDIANA SERVICE REVENU NEW YOIK, March 1 (A g revenue of Indlane Service Cor- poration for 1927 was 84459215, an - crense of §117% 268 over 1926 come 2434 630, mngainst The company i an operating jary of the Minland Ulilities Co SOFT COAL OUTPUT, W YONK, Murch G () A ) during Ve s colimuated al ubnut [ 006 1t sy the Hwthonal Conl A ton, ehowing tte variation from ‘m. verk before, when e buregu of aines replried 10,161,000 Mi 4420 9673 eubeid Ihe out $64,000 ran- ! directors of the Glen Alden | e period | Opernt- | Net fn- | preferred and prior 1 terest and administration exy | totaled $6948.401, the equivalent $15.12 a share on the of common | cember 31, 19 1026, $14.44 per share was earned on 435736 shares of common stock outstanding The dividend on common stock was | sed to $7 per share per annum, | ve with the dividend payable on This payment will en- | title 7 ‘per cent cumulative preferred stock of $100 par value to a dividend | 0f 7 per cont per annum and 1 per cent | aaditional anding at | One-tourth of wll the tickets maving picturs theaters in one city | | What Doc ' of the Laxative Habit sold at in | The | do when the howels istance? If you clear on owith some laxative CARA, there is noth the tem—for the YOu e a up the pade with ¢ for [ | o dow't KNOW the laxa e learned 1o depend on hers lates it Jaxiat You always ne \ ative H \ll!l ef more on the mop you don't, I sqretinge row Vhocaseara for da wd, w ueiie variies on Aith Tess and les titie goes on e \ s need of you CASCARETS ‘ They Work While You Sleep! SPEEDED BY MILLS <! were confined to central Oregon pro- k{ I} excess of that| Ratlroad | P will account for | K. HAMMOND, La., March fff (Speclal). The first of the Louisiina straw- {berry crop is now being shipped to market, A small_quantity of the first berrdes picked sold for 55 and 60 cents a pint. Growers expect teh crop to move in volume by March 25. Indi- cations are for a crop of about 2,000 BOSTON.—Uncertainty as to the future of the goods trade 1s hampering purchases of raw wool in this market fo a slight degree. Some contracts for Western wool are being turned over to the mills. The new Arizona clip, now Jbeing shorn, which less than usual, will amount to about 4,000,000 pounds |and will be sent here on consignment. FORT WORTH.—Green bugs. the first of the pests to make their appear- ance in two vears, have shown up in Wichita County wheat fields. The con- tinued rain in February, two inches above normal, is held responsible for their propagation. | YOUNGSTOWN —Steel {in_the Mahoning Valley is now tween 80 and 85 per cent, with 47 - | dopendent open_hearth and 112 sheet units active. Strip steel output is practically at capacit PORTLAND. of potatoes by buvers Tepr hos been recorded production Sale of 150 car loads one big distributor to nting Eastern interests here, The sales | duct | |HARVESTER CO EARN[NGS SHOW INCREASE FOR 1927 | offset by Drop in Margin of Trading Profit, Report Says. ated Pre March 7 Farnings or 89 per cent on «l were recorded by Harvester Co. for (h net earnings said the annual report | made public last night. | 'The volume of business for 1927 ex- corded that for 1926, the Increase in fomestic business being attributed principally to la sales of tractors, | threshers and motor trucks | “Notwithstanding the increased bus- =" said the report, “only a slight as effected in the net earning 2in of trading profit—that r3s the cost of manu- fon—was less than : year. This reduced of profit is mainly attributable to or cost of manufacture, occ foncd by improved design and qu of product. without & corresponding ase in sales price ospects for this year are brighter {than for 1927 at the same period ar, said the report, adding that as shown some improvement {in gricultural sftuation in the | United States, but the farmer must {receive a better financial return before {the farm industry s on a sound and | equitable basis.” | GRAND JURY flUESTIONS RAILROAD PRESIDENT W. 'T. Kemper, Head of Kan: City, Mexico & Orient Road. | crecy Is Maintained. Ao . of | 658 ‘C.|‘ ‘ sas . March 7.--William | it of the Kansas tent Railroad, ap-| a Federal grand | inquiry in connec- of the carrier. y was reorganized d ‘mn conduc tion with the The road under the nd jury pruucmxm ny other persons also were sum- ailroad since Fed- Pollock of Kansas r IH{Ung of the receivership, I s of English note hold- made complaints and various | | charges and have carried their griev- {ances to State commissions, to the In- | terstate Commerce Commission and va- | rlous other branches of the Federal| Government, | HUGE UNION DISCUSSED. Fisher-Cutten Afliation Embryonic State, YORK, March Plans in 7 (®).—The New ¥ | trial afiliation with gross assets of | 600,000,000, which would embrace six | corporations in the ehuipment and \Vul industries, has been discussed by hur W. Cutten of Chicago and the le brothers of Detroit. The plans, the Times are yet in an embryonic state. Reports, none of which is verified, the Times will say, give the six corporations as the Bald win Locomotive Co, the Westinghouse & Manufacturing [t house Afr - Brake, rican 5 undries, American Rolling Mills and Standard Steel Car C The move would In no sense be a merger, the Times says CAR LOADINGS DROP. 1ght loadings for the week ending February 25 totaled 869,500 cars, a decrease of 18,301 from the preced- g week, and alio a decrease of 49,268 {ears below the same week in 1927, the American nmm..y Association reperts PRICES ON PARIS BOURSE. PARIS, March 7 (#).—Prices were g on the Bourse today. ‘Three pey cent rentes, 67 francs 90 centimes; 5 per cent loan, 87 francs 90 centimes; | exchange on London, francs 5 cen- tmes.The dollar was quoted at 25 | fianes 421, centimes tors Think Revenre f; slugpish, take only a candy cascaret Delightful 1o the taste, sweet an avceptahle ta any stomach, and just as efficient ws the powerful purges that fairly pavalyze the peristaltic walls of ane's intestines, The only Babit you'll et from cascarets is the of pomg weeks and months withaut ANY hielp of the kind, And when you doinvobe their aid again the sine sall dose suilices, Any doctor can tell yan about carcara; and any dinggist has the candy Chacarels, aine - be- | Greater Volume of Busuwsx Partly | Times says that an indus- | \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\‘\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\‘\\\\\\\\;\\* '\\\\‘\\\\\\\\\\\\\\\‘\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\’h\\\‘\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\S\\\\\\\\\‘ b\S\\\\\\\\\\\\\\\\\\‘\\\\\\\\\\;\\\\\\\\\\\\\\\\\\\\ i No Advertised Goods Sold Without Coupons HARRY ] 1316-1326 No Mail, Phone or C. 0. D. Orders —With This Coupon Only $198 Women's FE & STRAW HATS Excellent $ 1 39 . CELANESE VOILE Per Yd. 59 auality wash- P T straw and felt. Close- fitting shapes. NC. Seventh StNW. I\FW SPRING HATS Real snappy wivies $2 39 and materinle, New colors and shades, Y KAUFMAN TheSore No. 46—With T Girls ILK DRESSES 54 75 Conpen Only xest Spr 780 7 tn i Bright, wanted atyle " No. #1—With £1.25 81x90 TRIPED BEDSPREADS : 89¢| Guarantend No. 2—With This Counon Only This Coupon Only AN the 8150 Pure Silk Full-Fnshimml Hose SHaioli attiie: 1 perte [om —=With Thi 10-Inch “'flsh:lblv Choive of and red slight seconds plain white hor- dnre No. 31—With Thia Counon Only £1.00 Infams® SILK & WOOL SHIRTS Samples of the Size 4 ol front or w '\l‘“ Fastc alar 1—With 10 4 e Cannon Bath Towels Good quality. Chules Blue: pink and gold | Exquisite 2 for No. 5—With This Conpon Only 1215 Part Linen Kitchen Towels, 6 for Plain whita lencolor stripe hemmed and Wi reads No. G—With This Coupon Only nask ABLECLOTH ' 89¢ No. 3—With This Conpon Only £3.00 81x105 RAYON BEDSPREADS §].95 Size @ yde. long. inches wide, A Patterns, unhemmed Choice of 1 two-tone Seallaped Whue, zold No. R—With TV!h (mm'\n Only £1.65 Onyx Pointex Full-l"ashinnml Hose Daytime Frocks Afternoon Frocks Business Frocks Evening Frocks Sizes 16 <o, H—With This Conon Onls 39¢ 40-Inch PRINTED BATISTE Neat teht Another Spring Dress Sensation! pring Dresses Another brings to lucky purchate vou lovely dresses made to sell for double is price and feat the newest Spring styles, colors and mate- nd and uneven hemlines. Dresses for women and misses for all occasions. Just think of putchasing a new Spring dress at the beginning of the season at low price! The Materials Printed Silk Crepes Printed Radium Silks Polka Dot Silks Indian Silk Prints Plain and Printed Taffeta Flat Silk Crepes Crepe Romaines Georgette Crepes All-Wool Tweed Ensembles Full length or coats, silk hlouses and 2 or 3 piece m to 48 vard fast from full = No. 23—With This Coupon Only | Men's 35¢ ARATEX COLLARS | No. 10—With This Coupon Only £1.69 40-Inch 6 for Neo, 38—With This Couven Only Boy's $1.95 l.l'.\lBERJA(‘KG il made, "N, A—With This Conpen Only | Women's Wrapar d or | button front: pertect &1 PORCH DRESSES and contrast and tr tn % vears No. 30—With This Compon Only $1.2 B\RO\ET ‘ATI\ qLII’S =2 L e biack, \ll)| TM- (nnw\n l"\'v 50c Rayon Stripe RUBEN SHIRTS Sizes Green. No. 52—With This Conpon Only Red or White RUBBER SHEETS No. 53—With This Coupon Only 49 I\F-\\TQ’ DRESSES o nainwok. hu nM embrar -y 2 ‘ c Exc . No. S4—With This Coupen Only R.m' Pure Linen W ASH SUITS 89¢ yokes qu Al 3108 linen in 2 No. 33—With This Connon Only .00 Rayon Alpnca Gowns Wamen's med gowns, CEI \\l-,h[‘ No. 11—With This Coupon Only $1.19 81x90 i n en's S SEAMLESS SHEE! Woor. p\\Tq Coupon Oniy Full Beached, Frea from dreasing. Sinch hem: aiight secon Men's 70 BLUE \"()RI\' SHIRT made, &0 PILLOWCA Standard make. fill Blanched: size 42330 slight second hed two poe 1Y to 181, "No. 3T—With This Coupen Only Men's 30 RAYON HOSE, 2 Prs. Fansy hoss in the bright pate W value. newest 65¢ N—With This Counon Only si.oo BLOU ES ' 59¢ attached h'n\! . —With This € Men's Fine FELT II\I nent a0 With This Coupen Only 19¢ Wide English LONGCLOTH, 5 yds. for | Full pinces, cha for und infar nis finish Bace and No. 11——With This Coupon Only £1.00 20x30 Hemmed Diapers, | Roys' Ill(;“ & LOW SHOE This € Leather | BOUDOIR ST, IPPE RS Q\ COMFORT SLIPPERS $¢).89 wwon JAPANESE PONGEE 4de With This Co $1.00 Rayon UNDERW Vestn o chemien’ and s1ab (e pastel shades Wio alightly Natural tan_shade, 4 Mads of soft fine Mack Kid upper s Wity Seniine &l tleather Band-tuen 1‘...10 and Coupon Day in the Ba oo H0—With This Cow 15¢ Cannon Mills GUEST TOWELS, doz. 59¢ | ~ n Onty 19¢ T With This Counon Only weh Amoskeng Dress Gingham i Al haekas haiders “hn wad A d A eoluis e wity No. AWK This Coupon Ouly $1.00 1H<I8 Red Star Dinpers, doz. Cut ready to [ mw I ; he hemmed, ) ) ‘W Ao, $1.00 ENAMEL WARE 39¢ N 10-With This lmlnml Ouly 0 Certainteed FLOOR COVERIN [ Fine, largs assort: ment, . Usetul pisces, Noo A WHK This Counen Ouly 190 1836 I | IMPORTED RAG RUGS | | 29¢ Yards wide Wik antwise e An LT WiIh craw oot Washatla, hoavy welght sixie oW walter Litor 3 —~With fm‘ Conpon (ln" Boye' $1.25 Medium Weight UNION SUITS Thesa are sam of the het Sire 34 on) No. 10—With This Counon Only Women's New $3 SPRING FOOTWEAR : Sl 89 m\l‘hr —With This Couns Roys’ & Girle' §3 SCHOOL SHOES oo £2<With This Counen Ouly Children's Fa HIGH SHOES Riack patent e vamps With e Noo Ay 3¢ and Pongee, With This Counan Oaty Soe Broadeloth and inene, yd. ™ white, hoand neweat pas Pertoct o ahad N A WER This Conpen Oaly 15e Gold Band CHINA DISHES, doz. 069 N A% WA This Counon Ouly 6% Opaque WINDOW SHADE whits All sizes, Plates and Saucers ..., W green Wity SRR fwer foe Aties . n, 17¢ Ne. 36—With This Counon Only 0 Windsor Crepe Gowns 79¢ With This Counon Only Women's Plain nea Ne. & L1100 EXTRA SIZE GOWNS No. MS—With This Coupon Only 8% Rayon Striped Teddics Wite tad ace fine impo: trimmings, on white mainsoox No. A%—With This Counen Oaly Women's 49¢ STEP-INS Crepe oF 1 Wit lace S O—With This Convon Onty ack UNIFORM DRESSES 89¢ S1=With This Conpen Oaly EXTRA \‘III-'. SLIPS = 59¢ With white [ures S8 colare, 101 Fas ona Fast oo okl fean whits ement Brmm Unus u.ll Bartr ins N W 3% and T With This Cousan Onte Thinch Unbleached Sheetin, Hoavy waght % ; o matiress or 8 ¢ WUR This Cvuoan Oaty No. @ 90 and 300 CRETONNE Yand wide Al aramary e 1o 20 [RhTeY Newast 2le N 81 WHN This Consan Oaty Men's Faney Rayon Socks, 3 pra, e AEAANEERRKAL! ARARREEEN . s‘m‘lmni“msssm“fifimsmmm“! MM‘Msm“nsmmtt\\\\“\\«t«mfittm«s&\tfls\\tfl\\mm\s\s\»s\\\\\\\\\\\\\\\\s\q ATHTAATATATTITTTATAATATHAAAAAAAATTTATARARSEA SRS