Evening Star Newspaper, March 12, 1928, Page 12

THE EVENTING STAR, WASHINGTON TRADING IS DRAGGY INLOGAL HARKET: Butter Prices Advance Sharp- ly—Meats and Poultry Are Unchanged. The usual Monday depression in the wholesale market again was in ecvi- dence today. Very little buying was re- ported although “the supply of most commodities was plentiful. = Prices in butter took a decided jump. Meats and poultry remained unchanged in price over the week end. Quotations today were: Butter—One-pound prints, 52a5212; tub, 50: store packed, 30. Eggs—Fresh sclected. 28; 28; current receip! Poultry, aliv Spring chickens, 35a3 roosters, 17a18: ducks, 24a25; keats, | young, 7 old, 85. Dressed—Tur- ke, spring chickens, fowls, large. 28" small, roosters, 20a21; capons, fancy, 42a43; small, 309 eats, 80a90. , fresh kille: amb, 28a30 hennery, fowls, 27a2 , alive, 8ald. Fruit and Vegetable Review. . Today’s market report on fruits and | vegetables, compiled by the Market News Service Bureau of Agricultural | Economics, says Apples—Supplies moderate; demand | moderate, market steady. Barrels: Vir-| ginia .U. S. No. 1 4 inches up, Wine- | Saps, mos! 9.0029.50. Boxes: Wash-| ington, medium to large size extra| fancy Delicious., few sales 5.00; extra| fancy Winesaps, 4.00. hel baskets: Virginia, U. S. No. 1, 2!, inches up,| Staymans, 3.25: unclassified Staymans, | 2% inches up. 3.00. Cabbage — Supplies moderate: de- mand moderate, market slightly strong- er. New stock: Florida. 112- bushel hampers pointed type, 2. mostly 2.00a2.25: Texas, bulk, per , round type, 70.00, few higher: barrel crates round type, 3.50, few higher. Old stock: New York, sacked, per hundredweight, Danish type, 1.25. Celery—Supplies light; demand mod- erate, market steady: Florida, 10-inch crates, 6-8 dozen, 3.2523.50; 3-4 dozen, 3.00a3.25. | Lettuce—Supplies moderate; demand | moderate, market about steady; Cali- fornia, crates Iceberg type, 4-5 dozen, 3.00a3.25. Onions—Supplies moderate: demand moderate, market steady; Michigan and Ohio, 100-pound sacks, Yellows, U. S. No. medium to large size, 4.50, few higher; Massachusetts, 100-pound sacks, Yellows, U. S. No. 1, small size, 4.00. Potatoes Are Steady. Potatoes—Supplies liberal; demand moderate, market steady; Michigan, 150-pound sacks, Russet Rurals, U. 8. No. 1, mostly around 4.25; Pennsyl- 150-pound sacks, round whites, U. S. No. 1, mostly around 4.00; few low as 3.90. Spinach—Supplies moderate; demand moderate, market slightly weaker; Texas, bushel baskets, Savoy type, 90a 1.00, mostly 1.00; South Carolina, bushel baskets, Savoy type, 75a90. Strawberries—Supplies liberal; de- mand moderate, market weaker; Flor- ida, pony refrigerators, Missionarys, 35 840, few best high as 50, poorer low as 30 per quart; 32-quart crates Mission- arys, 30a35 per quart. Tomatoes—Supplies light; demand moderate, market stronger; repacked in New York city, Florida, 3s, ripes, wrap- ped, fancy, count, 4.75a5.00; repacked in Pittsburgh. Florida, 6s, ripes, wrap- ped, sales direct to retailers, fancy, count, 12.00; choice, count, 11.00. String Beans—Supplies light; demand moderate, market steady: Florida, bushel hampers, green, 4.5026.50; best mostly 6.00; wax, some ordinary quality and condition, 3.0025.00. Bquash—Supplies light; demand mod- erate, market steady; Florida, pepper crates, fancy whites, 6.00a6.50; bushel erates, yellows, 4,50, | Cucumbers Are Steady. Cucumbers—Supplies moderate; de- | mand moderate, market steady; In- diana, hothouse stock, 2-dozen crates, :’0‘;‘ fancy, 3.50; double extra fancy, Peppers — Supplies, light; demand moderate, market steady; Florida, pep- pe;::flzn, fancy, 5.00. ts—Supplies light; Texas, bushel | baskets, bunched, 2.00a2.25. Carrots—Supplies moderate; demand | moderate, market steady; Texas, bushel | baskets, bunched, 2.25, | Caulifiower—Supplies light; demand moderate, market steady; California, fwr,;y‘ocrl"e&, 225a2.40; few 2.50; most- y 2. Oranges—Supplies limited; demand moderate, market steady; Florida, boxes, medium size, 6.50a7.00; large and small sizes lower; California, boxes, medium Bize, 6.0086.25; large sizes lower. Grapefruit—Supplies limited: demand moderate, market steady; Florida, boxes, medium size, 5.50. 1 EVERYMAN’S INVESTMENTS BY GRORGE T. HUGHES, “Baby Bonds” Going Out. ent banking houses now are erings as much as in the T four years. For some rea- other the so-called “baby” bond 35 going out of favor. The fact is that le the security for the $100 bonds } exactly as goud as that of the $1,000 plece, St costs Lo much in overhead w sell the s 2 ation. Dealers k & point or two bigher baby” bonds, which D are unwilling ¥ pay. not apply W & new ie price is the same ons, but v bonds that tion for some time. buyer have w pay ler bond, but hLe nob very much dif- but envugh w affect have been 1n circul Not only does the more for s 1 the small of the $100 y he I8 Just s hix money in the untl @ sum accumulate nt o buy & bond of the regula ‘The margin hetween interest the s benk s und that obtainshle on e biby b, s not large enough V) eompensste trouble with bond prie penerstion for appre ings b security, with Bhle on dem 416 sl il 5 practice of wry Uis 4 B e st con 15 bure us U with which ¥ s capital ryer degree of always avell- SLILL ing $100 1 for the sues 0 © kind of bomds and nding of the house [ COTTON GOODS QUIET. NEW YOWK, March 12 (Special) Collun goods markets started the week wilh & quiet e Print cloth quots Lione cased off 1, st 1Y, for 64x608 und remutned unchinnged al 87, for 68x72s | Jaw silks sdvenced five points in en sotive market RUBBER IS LOWER NEW YORK, March 12 (Special) Crude rubber, pmoked, sibied phects Beclined 1, sl today's noon i 1 24%, This comperes with Mislls g il 8472 B Yo PR | Also | i ke sy - bt ¢ Lo | ] Company Earnings NEW YORK, N. Y., March 12 (#).— Earnings per share of corporation reporting during the past week follow aration « 192 an” Steel Found: unestown S & Tobe 610 *Greater capitalization. »— PRICE BOOST SPURS POTATO SHIPMENTS Daily Carlot Mov\ement Now Well Above 1,000—Apple Mart Continues Steady. Potato holders have responded to higher prices with some enthusiasm, bringing the daily carlot shipments well above 1,000 cars and causing a slight setback, especially at country ship- ng points and Western markets. rowers and shippers in New York State, Maine and Pennsylvania seem confident. Dealers, early in the month, in the Rochester, N. Y. district, were asking $5 per 150-pound sacks delivered, freight paid at New York and Philadel- phia, but the general local price was $3.50. Some city markets lost 10 to 15 cents at the end of last week, but Pennsynvania round whites showed an advancing tendency. The apple market continues about steady with little change in the price of Eastern apples or Northwestern boxed fruits. Shipments are light and de- creasing. Holders in western New York are reported trying to clean up their odd lots of various varieties, but sales of best No. 1, stock, particualrly Bald- wins, are few. 3 Old cabbage advanced slightly at country shipping points and gained about 50 cents per ton bulk in New York City. The continued warm weather and shipments of 100 cars or so each day from Texas has affected the demand for old stock. Sharp gains in the onion market re- sult from decreasing shipments. Texas Bermuda crop is doing well. A few thousand bushels of Egyptian onlons have arrived in New York and are sel- ling at prices somewhat above last sea- son's level in early March. pi G Baltimore Markets BALTIMORE, March 12 (Special) - Live poultry—Turkeys, pound, 40ad! old, 35; poor and crooked breasts, 2. Winter chickens, 40a45; young chickens, 33a35; Leghorns, 28a30; poor and thin, 23a2 ; leghorns, 22a24; capons, H 15al ducks, 29a30; poor and thin, 23a2: guinea fowl, each, 40a85; pigeons, pair, 40a45. Dressed poultry—Turkeys, pound, 38 a45; old, 35a36; young chickens, 30a32; old, 25a27; roosters, 16al7; ducks, 25a 30; capons, 30a40. Receipts, 1,017 cases; native and nearby, current receipts, in free cases, dozen, 2217a26%2; strictly fresh, dozen, 28a28';. Butter—Good to fancy creamery, pound, 46a51; prints, 51a53; blocks, 49a51; ladles, 35a37: rolls, 30a35; store packed, 29a30; dairy prints, 30a35; process butter, 41. Hay and Grain Prices. Wheat—No. 2 red Winter, export, 61 No. 3 red Winter, export, no uot ns; No. 3 red Winter, garlicky, domestic, 1.62%. Corn—No. 2, yellow, domestic, 1.09a 1.10; No. 2 contract, export, 1.05%: corn cob, new, 4.90a5.00 per barrel. Oats—No. 2, white, domestic, 65a66; No. 3, 64a65. Rye—Nearby, 1.00a1.10. Hay—Receipts, none. Hay is arriv- ing here in fair quantity, but the de- mand for hay locally is very limited and not enough actual business is passing to establish quotations on the various kinds of grades. Range of prices is about 14.00 to 17.00 per ton for good hay in timothy and clover mixed. Straw—No. 1 wheat, 11.00212.00 per ton; No. 2, 13.00a14.00. Live Stock Market. Cattle—Receipts, 400 head; poor de- mand, market dull and easier. Steers: Choice, 13.50 to 14.50; good, 12.00 to 13.00; medium, 10.50 to 11.50; common, 9.50 to 10.25; feeders and stockers, .50 to 11.00. Heifers: Choice, 11.00 to 11.50; good, 950 to 10.50; medium, 8.00 to 9.00; common, 6.50 to 7.50; feeders and stockers, 625 to 850. Bulls: Choice stable, 8.50 to 9:25; fair to good, 6.75 to 1.75; common to medium, 5.00 to 6.25. Cows: Choice stable, 7.25 to 8.25; fair to good, 5.75 to 6.75; common to me- dium, 3.00 to 5.25. Sheep and Lambs—Recelpts, 500 head: light supply, market higher; sheep, 3.00 to 8.50; lambs, 10.00 to 17.25. Hogs—Recelipts, 3,200 head; moderate supply, market higher; lights, 8.75; heavies, 850 to 880; medium, 9.30; roughs, 5.75 to 7.50; light pigs, 6.50 to 6.90; pigs, 7.95; Western hogs, 10 o 20 higher than quotations, Calves—Receipts, 325 head; light sup- ply, market steady; calves, 5,00 to 15.50. Country Produce. White potatoes, 100 pounds, 1.50a2.25. | Now potatoes, bushel, 1.25a3.00, Bweet | potatoes, barrel, 250a4.50. Yams, bar- rel, 250a3.50. Beans, bushel, 2.00a5.00 Cabbage, hamper, 125a175. Beets, | bushel, '1.7582.00." Caulifiower, crate, 11758225, Carrots, 100 pounds, 17 {135 Celery, crate, 250a3.50, Fgg- | plants, crate, 250a4 50, Kale, barrel, |2250250. Onions, 100 pounds, 3.008 |4.50. Peppers, crate, 300a4.50. Spin- ach, bushel, 75890, Tomatoes, crate, 12.5027.00. Bquash, 4.0025.00. | Turnips, basket, 20440 |~ Apples, bushel, 12543 00; barrel, 3.50a 850, Grapefrult, box, 4.00a5,50, | Oranges, box, 4.50a7.00. Tangerines, box. “350u550. Strawberries, quart, 40u50, | COTTON USE GAINS, LONDON, March 12 (#).—The In- ternational ' Cotton Federation yester- | day reported that the world consump- ton of raw cotton during the six monthis ending January 31 showed an increase of 256,000 baies over the cor- ponding period ending January 31, 1927, Greal Britain, the United States | and Germany shared in the increase while Indis, China and Japan suffered ethacks POTATOES STRONGER. CHICAGO, March 12 (United States | Department of Agriculture).— Polatoes { ecespts, 214 cars; on track, 422; totel United States shipments, 1,242; Sunday, 135 ears, demand and trading moderate murket stronger Wisconsin sacked L round whites, 220a240; Idaho sacked | russet Burbunks, No. 1, 27003.00; com- merclal, 2154240, No. 2, 2006215, Florida Bliss triumphs, crates, No. 1, Bh083°15, No, 2, 325, Florids barrel Bpalding rose, No. 1, 13.00; No. 2, 11,00 . STOCK BOOST 0.K.'D. NEW YORK, March 12 (&) 8tock holders of Electrie Bond und Bhare e- L eurities Corporetion today spproved an | icrease 10 authorized common stock | from 1802870 shares 0 4,000,000 | shares, 1o pur SHATTUCK EARNINGS, NEW YOI, March 12 ) Frank Bhaltuck Co. carned 8620 m share 021 egaliey 1408 B olars 19 1049, 7] BUYING FOR EASTER HELPS RETAILERS Some Effect of Income-Tax Payments to Be Felt by Merchants. BY J. C. ROYLE, Special Dispatch to The Star. NEW YORK, March 12.—Retail trade and a number of other lines of business endeavor will be affected this week ow- ing to the approaching income tax pay- ments. This tendency has been in evi- dence for the last 10 days, and these factors may be expected to exert an in- fluence for some little time to come. Department store trade has been slack since before March 1 in many sec- tions of the country. This has reflected the uneasiness about employment and buying power. The mail-order houses, however, have had excellent busing and their sales offer a much more ac- curate idea of the buying power and trend than do the general retail sales. Chain-store business also is strong and has been little affected by the in- come tax feature. This is natural since the unit of sales in the chain stores ‘s far less in dollars and cents than in the department stores. Easter Trade Helping. ‘The Easter business, which has aided apparel, textile, shoe, millinery and fur manufacturers in the last six weeks, now is beginning to give its assistance to the retail merchants. The volume of Easter purchases this year seems likely to be exceedingly good. This is | due in part to the fact that last year | the weather was so cold up to Summer | time that many people bought few if | any Spring clothes. This year in con- | sequence they are without them and must outfit anew. Sales will be appreciably augmented | if there is a period of warm weather just before Easter Sunday. Mail order sales also will be influenced by weather conditions, for while farmer purchasing power is higher than a year ago, the time now is approaching when weather conditions have a psychological effect on the farmer's mind and on the ease | with which he drags out his pocket-, book, as well as an effect on his crops. Lent undoubtedly has had a strong influence on the amusement field re- cently. This, according to amusement corporations, is more noticeable than usual. They attribute it in some de- gree to the emphasis which politics now is putting on religious discussion. The income tax payments also have dulled the rush for tickets to amuse- ment enterprises. Box office receipts of New York theaters have shown a dis- tinct drop. The motion picture houses have registered a drop of over $80,000 for the week as compared with the cor- responding period of February. Chi- cago film houses are reported to have felt the effects similarly, as have those in other large cities. Pittsburgh's theaters felt a 40 per cent drop. Block Booking Upheaval. The effect has not been so marked on the speaking stage, although the trend has hastened the demise of some of the limping attractions. Gross re- ceipts in Broadway houses are esti- mated to have dropped as much as $7,000 & week for some productions, as | KEEPING UP WITH THE JONESES—Everything Is 0. K. Again. GooFY AND JuLe WERE QUITE SURPRISED WHEN THEIR LITTU Doa "SNeoTy ™ JeEHED To Acau A BEAUTIFUL BUN AFTER LAPPING UP Somne ofF KITZENHOFFER'S HAIR Towie, SPLT BY Juue! SNOOTY GO BACK TO THE SPOT AND LAP P Sotie HORE OF IT! BELISYE ME GOOFY THAT HAIR ToNIC FAS A-KICK INIT LIKE Ad ARMY MULE! SPEAK TO MR KITZEMHOFFER ABOUT IT! MONDAY, MARCH 12, 1928. By POP MOMAND DONT YoU Knowt MY BO/ THAT ALL HAIR TomiaY CONTAIN A CERTAIN PERCENTAGE OF ALCOHOL? NATURALLY 1T DAZED THE POOR LITTLE DOG — HA! HA! YouLL SOON BE ACCUS ING ME OF POOTLEGGING !! NO MR. BOWERS THERE 13 tOTHING To WORRY ABOUT! KITZENHOFFER I HAIR TOme 1S A GREAT HAIR TONIC, AND WAS NOT MADE PR D063 TO DRINK! Now— THATS SETTLED! THERE MUST BE SOMETHIN' VERY STRONG IN YouR HAIR TONIC MR KITZENHOFFER! MY WIFE SPILT SOME ON TH' FLOOR AND OUR LITTLE Dod SNOOTY LAPPED 1T UP AMD ACTED LIKE tHc OF COURSE HE DID MR. BOw ! compared with a month ago. The pro- ducers have started cutting salaries. The motion picture industry is still in upheaval over the block booking order of the Federal Trade Commission. It is noticeable, however, that talk of consolidation of the Fox Corporation and the Stanley Theater chain has dropped below a whisper. The present make-up of the Stanley directorate is said to feel that the company is in a position to be fairly independent, and that the only reason for a consolida- tion would be in obtaining desirable releases of feature films. Personnel requirements of all the big plcture producers are being scaled down. Paramount-Famous-Lasky studios now are getting along with 1400 em- ployes, where 1,800 formerly were em- ployed. Attempts to reduce salaries of actors have not been particularly suc- cessful. This applies only, however, to the stars who have a following. Sales of cosmetics and drug store sundries have dropped sharply. Compe- titlon in these lines is tightening and the public has been somewhat fickle in its adherence to favorite brands. Commodity News ATLANTA, March 12 (Special).— The Southern railroads are reported to be buying timber heavily in the South- ern pine market, taking advantage of favorable prices and concessions. Heavy exports of timber to South America have made up for the slack caused by the drop 4n home building. GRAND RAPIDS.—Peach orchards have wintered excellently, according to State horticultural authorities, and there is a prospect for a bumper crop in 1928. CLEVELAND.—Shipment of Jordan cars from the factory this month is expected to be double that of the av- erage March. Dealers’ stocks are re- ported to be very low. AKRON, March 12—A toy balloon association has just been formed here which represents a total investment of nearly $20,000,000. The new organiza- tion is known as the American Toy Balloon Manufactuers’ Assoclation and includes 19 makers. Tire and general gusmess is progressing at a high rate ere. YOUNGSTOWN.—Steel fabricators of the district are continuing on heavy schedules, with General Fireproofing at 90 Eer cent, Youngstown Boiler and Tank at capacity and Truscon Steel at 75 per cent of capacity. windshield of You'll find Baby Ben De Luxe, $3.75 your car. a variety of Westclox wherever reliable time-pieces are | sold. Some have plain dials, others special night- $1.50 to $5.00. and-day dials. Prices, o La Salle, Illinois EMPLOYMENT SLUMP HELD TEMPORAR More Jobs Indicated by Resump- tion of Outdoor Work, Says Industrial Leader. By the Associated Press. NEW YORK, March 12.—Unemploy- ment is temporarily in excess of nor- mal, but is not acute or critical, Mag- nus W. Alexander, president of the Na- tional Industrial Conference Board, said last night in an address before the Fortnightly Forum. “We have definite indications,” Alex- ander said, “that there has been a de- cline in unemployment in 1927, but there are also indications that employ- ment since December, 1927, has again been slightly increasing, and the in- 'crvasc has continued up to the present me. “The presumption is that with the coming of the warmer season, resump- {tion of building construction, agri- cultural and other open-air activities will absorb many of the now unem- ployed persons in the United States.” Alexander said that a general mis- understanding exists that up-to-date mechanical devices cause unemploy- ment. He pointed out that other indus- tries, especially new ones, absorb those {who may lose their jobs through effi- ’clency of machinery, while increased productivity demands more men. BLIZZARD RECALLED. NEW YORK, March 12 (#).—Wall Street recalled today the fortieth anni- ‘versary of the big blizzard of 1888, when snow and upset traffic caused greater concern than brokers' loans. Transactions on the Stock Exchange that day totaled 16,005 shares, an ab- breviated sesslon being necessitated by conditions. The gong started trading at 10 a. which was terminated at 12:30 p.m. About 40 members appeared on the floor of the exchange the next day, when the only transactions re- ported on the tape were 1,500 shares of New York, Lake Erle & Western, now the Erle. About 4,000 other shares were m;lt reported. Wires were down every- where. than in the United States. You can rely on these time-pieces Millions of people rely on Westclox for the right time. They know these time-pieces are sturdily built and thoroughly dependable. Westclox alarms for your home, a Westclox watch for your pocket and the Westclox Auto Clock on the dash or above the wisklywttashed oudash or above wind Fits any sar WESTERN CLOCK COMPANY Westclox PRICES ON PARIS BOURSE. PARIS, March 12 (#).—Prices were steady on the Bourse today. Three per cent rentes, 68 francs 5 centimes; 5 per cent loan, 88 francs 40 centimes; ex- change on London, 124 francs 2 centimes. The dollar was quoted at francs 42 centimes. ZINC OUTPUT DROPS. | EARNINGS SMALLER. NEW YORK, March 12 (#).—Feb-| NEW YORK, March 12 (%) —Chi- ruary production of slab zinc in the | cago Pneumatic Tool Co. earned $12.82 United States was 50,042 tons, against | a share In 1927, against $12.74 a share 52,414 in January and 52,347 in Decem- | in 1926 on a larger amount of stock ]bcr. the American Bureau of Metal; outstanding. Net income was $1,210,- Statistics reports. 106, compared with $1,226,837 2@ ) i Beautiful things have always had the world’s applause Peaches without fuzz, known as nec- tarines, are more popular in Europe The Lifetime® pen, with the little white dot, is the highest priced writing instrument in the world. Itis high priced because it is costly to make. The mate- rials and workmanship used in its construction are the precious products of great skill and experience, in that happy combination which 3enius knows how to employ. And the positive result is an unfailing performer, instantly ready for efficient service, cap- able of making three clear carbon copies, and guaran- teed free of all repair charges for a lifetime. It quickly won the world's applause by its outstanding beauty. HEAFFER'S Others lower SP! 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