Evening Star Newspaper, March 22, 1928, Page 13

' PUBLIC UTILITIES LEADERS ON CURB Numerous Specialties Also Rise—U. S. Battery One of the Features. BY WILLIAM F. HEFFERNAN. Sphcial Dispatch 1o The Star. NEW YORK, March 22.—Public utili- | ties continued in demand on the Curb | Exchange today, with recent favorites fgain the noteworthy performers. Gains ‘were confined to narrow limits, but were | sufficient to give the market An appear- | ance of pronounced strength Buffalo, Niagara & Eastern and Northern Ohio Power went forward into new high ground and American Super- | power issues were taken in large vol- ume at somewhat better prices. Cen- tral Public Service “A," crossing 23, also ol at its best prices. | The utilities. however, failed to mo- | nopolize speculative atténtion. Good- | sized advances were recorded in numer- | ous specialties. Doehler Die Castings. | for example. WaS res to the statement, attributed to the president. pany experienced the largest volume of business in its history. that in the current quarter the com- | Wire Wheel Corporation was bid up into new high ground. s that the company contemplates filing suits against automobile manufacturers for | infringement of tents were denied. It was added however. that such| action will be directed against wheel makers. | Still responding to the favorable earnings statement, United States Bat- | tery shot forward more than 5 points 0 a new high record. Deere common. now definitely established on & regular annual $8 dividend basis, was discount- ing prospects of more liberal treat- ment to thare owners in view of the favorable rate of earnings. At 295 it was 10 points above vesterday's final Celainez common was another favorite. | although there was nothing that was, Following 8 the list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIALS, m hyndreds. Rign, 3 Acttol Prod AL . ’(l:' 1 Acome sieel 3 Ape R i 18 A ptd 20 o2 as & . G €l pid B danen Nat Gas. . Pow & L vtd Rag Brod. . i S D S s Pl BEErE b ret-retd 8 1601 198 axter Lau snjam \Tinter . oneon & Hedged enson & Med pd % Val GRE 188 1 v E T 166 [ lacket Co aterpil 38 Celan' Cor 13 Col Graph rey 1 Columbus_E THE EVENING STAR. WASHT NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office B8 Wire Whee! 1 Woodwor.h 3 Worth 3 Youn a8 Youn & W n Sales in hundreds. ne jaraey Norands . Ohio Co 1 Weaden Cop Salen n hundrads 3 ennok 2 Red Ba eitar-Foster h Ol Cal 0il nk =5 exon Oil. . Tidal Osare o Wilcox O 1 Woodles G Sales in units STANDARD MER 8 800 Cont o MINING 3 Bunker Hill Carnegie - Meial N Y & Hond Ros ang . i Shattuck Dei Xt Am Con Oilfids. . sl Pet .l alt Ck _Prod 1 Venezuelan Pot| Phl rorp ne & & a4 wi ST 1 n Zinc, 1 A Corp L. oy ot o 0 ol 18 KO 0C o L 88U TREIDIAR 2000 Anclo Am Ol 01 k) K& INDEPENDENT O11. STOCKS, 00T 1608 10 P08, 1% 1% ”«‘" 18% 38 2y % Y 2001, Ty 307 g5 A LA ®TOCKS | P " 100y | + | tub, 50a51: store packed, 30 TON, SEA FOOD IS HIGHER INLOCAL MARKET Oysters Are Plentiful, but Fish Are in Small Sup- ply Today. Colder weather and continued north- west winds along the Atlantic Coast resulted in a scarcity of marine prod- ucts. and dealers at Manicipal Fish Market this morning were without the large supplies they had last week. High- er prices resulted. orida shippers sent practically no supplies for the local week end trade, and netters along the Chesapeake Bay, Potomac River and North Carolina sent only small shipments. Small perch from Potomac River nets, | quoted At 5 cents a week ago, found ready sale at 10 cents a pound this morning. Roe shad were quoted this morning At 35 and bucks at 25 cents, while shad roe sold at $1 a set. Fillet Sale Quoted. Fillet of haddock, fresh and smoked, was in demand at 20 cents a pound, the price quoted for smoked fillet of pol- fock. There also was a demand for fillet of sole at 35 cents. There was a plentiful supply of oys- ters in market this morning, selects sel al $2.25 and standards at $2 LY . Crabmeat was quoted at 75 cents & pound, 25 cents cheaper than last week, and a slow demand for it was reported. Dealers in other commodities reported supplies in quantities greater than suf- ficlent to meet demands. Scarcity of ‘mlu from Texas, Mexico and Flor- a continued high prices, but the de- mand was not great enough to make | business brisk. Today's Wholesale Prices. Butter—One-pound prints, 52a52'3; | Eggs—Fresh selected, 28a29; hennery, 29a30: cunvxm receipts, 2 D. C, THURSDAY, EFFICIENCY SEEN INDAIRY MERGERS Products This Year Expected to Reach $3,000,000,000. Handling to Be Economical. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 22 —Dairy prod- ucts valued at between $2,800,000,000 and $3,000,000,000 will be sold by the farmers of the country in 1928. The dairy industry today is passing through a severe period of readjustment in order that these products may be produced and sola more economically, with in- creased profits to producers, distributers and retailers The industry is undergoing an exten- sive series of consolidations in every | department except the producing end. | The objects sought are stabilized mar- | kets, lowered overhead costs and a cen- tral control which permits more eco- nomical distribution. So rapid hava been the amalgamations within recent months that evidences of a top-heavy condition are commencing to appear in some of the concerns, particularly those involved in heavy stock issues to finance reorganizations. Big Concerns Expanding. Where tormerly there were thousands of companies distributing milk, butter, joe cream and cheesc, these have now been reduced to hundreds, and, if the trend continucs. will be numbered in scorcs, The five largest concerns, opers ating in widely scattered sections of the country, ars described as expanding rapi-ly. with a continued absorption of smollar units. | All of these conerrns are extensively | engoged in handling products other than raw milk. The trend toward mergers i8 apparent, however, among concerns which handle raw milk only, | In Chicago, for example, only & few | years ago there were 300 concerns so employed. Now there are barely 100. Recently two of the largest distributors 29 MARCH 1928, frozen all at once, 8 mixed by the bi o iee . silpped.for tiribation Tt is then frozen at substations close to the point of consumption. Distribution Is Better. With large units in the industry it is| casier for Juct eoncerns to turn milk into the channels where it can most readily be absorbed. Just now the chief demand is for mik in the raw form for distribution, since the ice cream busi- ness has been glow for some time be- cause of the unseasondble weather. Butter also is taking a large proportion of milk at present. Formerly producers had to turn their milk into cheese or butter right at the local market, and if there was an oversupply of those products in the o- cal market the suffered. Now it is possible to any surplus milk to ice cream factories or the larger cream- erles, or to cities for regular distribu- tion. City milk prices have changed little recently and there is no prospect that they will ailter violently in spite of the numerous mergers. Ld 13 DEPOSITS DECREASE. | Baltimore National Banks Report Drop in Currency Held. | BALTIMORE, March 22.—Deposits of the national banks in Baltimore dropped sharply at the end of February. | according to a table prepared by the | local clearing house assoclation from | statements submitted by ths banks in response to the Pederal call of Feb-| ruary 28. . | ‘The ten national banks had deposits | of $139.718,755 on February 28, com- pared with $171.861,124 on December | 31, a decrease of $32,142,485. | Not only are declines shown in_com- parisons with the last previous call, but | also a good many of the local banks | show smaller deposits compared with | March 23, 1927, the nearest correspond- | ing date at which a Federal call was | made last year. Special Dispateh 10 The Star. F | Dress Up for Easter on Ney Convenient Budget Plan PRING (OAT In a Special Sale at SOUTHERN SURPLUS DP. NI EW YORK, March 29 (#).—Corps- rate surplus of ths Southern Railv Co. at the close of 1927 was $108.944.415, against $99.838, th Doors and Sash Quality at Lowest Prices—Always 7 3 BRANCHEY 674 C 5t3 5W 574 Fia Aw i F 5921 Go AN W/ [ ROCKBOTTOM PRICES Bed Bugs millions of homes use F Quick - Safe - Sure 108" 10k | goe Be =res B 19y 1478 | v % ’ 3 2 e w830 81 WISCELLANEOUS BONDS Parber & Rose. inc_ 8%e. . 97 Cheatnut Parm Dairy R0 10815 r Club Bae 102 o #| 108 % 6 e wn Parc Howl 5e . 97 9k STOCKS. | PIBLIC UTILITY Evr & Bier NATIONAL BANKS ¥ ederal hime rerty 0 (oot vis Fetsona! Metropolitan i | 278 Wationa! Ee of Wash a18 TEUST COMPANIES { Amesican Secucity & Trust. 438 s | Conti-wrtal t s Buik 183 & Toum » 4 s 318 ohe & Tros | S0k SAVINGS BANKS Woss “one Titie ofd NS Fastwr & Kow ) Chary s Dairs ot P Send’ & Gravel Tomi, Ba i s D € Paver Mig S ane bta o s & Swoiage storage pld * 10 ks o ‘il v oo 5 SKtores ofd 1 ntheler ol Mige & Peovtes 1 Suligy i o, oo e 7] e Carh aab Conventan HBl { Blas Feos TEats Gvidens. 125c eatn 3 Niles Bem Pnd. . i 7 Eortn Amer Cém Nor Am Tunts 2 Xo Am Ut 1 f. Piid ot 12 Yor 81 P C A 3, Sta P C p § Novadsl Process. 3 5 11 i Paimaiive in I pender 1 Groc B 8 3y Pennies A % penn Onin EA i 4 3y Pron 0 K4 fn bt #4% i o in i 1 1% b Pirely Woggly : 11y Pitish & fake K145 5 }r.,.-; ) Pow ... 81 bow secur Corp. 13 T Pow e tor pid 1y Proci & Gamble Y P & i, p i 104 13 Rolis Royre pln B Ribber i » Seerman % el berling 24 berv Bl 1w ui 1 $oun 10% &0 ¢ i T4 pra Growry 'A T & 10 puthern $1re 28 boane Chalfant §suaid A6 T Bro b5 Soanich & Gen o Snaris Ln.,;zr 1 LIS Y, Prycaia ' Wi 48y 1 ) 1 1 1 5 3 w1 R M :in b i il 2% pu : A4 Ric 1 15 Rach 2] 1384 % hapwt isenveren’ Belgy 18 ChawinWP4 140 (-‘f"l Pipe Lin Ba id 11w e 244 It e L3 H 14 8 41 staies” i Mg o sand i 108 2% 175 h; ' EL3 (1 a4r u 1t h o 1n ‘l sEEses 323353 s S2233233233323233833¢ > 4 10 0 L] FELE R E TEESISIES IE Vi WSS FES tH " ‘s 3] 7,1 i 4 o A i 1004 100% " ~ PR, String beans—Supplies light: :1 rket firm for ‘ good 7y -bushel hampers, green . F 0085.00; porer quality and condition, holdovers, low as 1.50. Cucumbers and Eggplants—No tup- plies on market. uash—Supplies very light; demmnd light, market steady; Florida, Mgac T crates, white, wrapped, 4.00a4.50; " 5.00. Peppers — Bupplies light: deman light, market steady: Florida pe) crates, fancy, 4.00a5.00; mostly 4. 4.50 Carrots — SBupplies light; demand market stead: Texas, bushel Western, lettuce crates, 3.25. Beets—Supplies light; demand light. market slightly weaker: Texas, bushel baskets, bunched, 2258240 Cauliflower—8upplies light: demand light, market steady; California, crates, —8upplies liberal; demand market steady: California, Navals, medium size, 6.0006.25; size discounted: PFlorida, boxes, mostly Valencias, medium size, 1700. large and small sizes mostly discounted. upplies modera de- market about stead: boxi edium size, 5.505 d small sizes mostly discounted. POTATO MARKET DULL. CHICAGO, March 22 (United States Potatoes Florida Bliss Tri- slow, market dull: umphs, In crates, No. 1, 375 le\lldll\:l Rose, in barrels, No 1, 13.00; No, 1, 11,00; Cuba Bliss Triumphs, in erates 4.00; Wisconsin, sacked, round whites 1.95 to 205; Idaho, sacked, russet Bur- banks, No, 1, 235 to 250; commerciala, 1.00 to 210, PERE MARQUETTE PROFIT. NEW YORK, March 22 (®.-—The Pere Marquette Rallway Oo. last year earned §13.31 a share on the common stock outstanding. the directors’ report to stockholders revealed yesterday, Net ineome amounted to $7,176,024, red with the 1926 income of §7,702 - 4, or $14.47 a share. Rallway operat- ing revenues decreased to $44,744,60 1 ,000, and net rallway op- 01,668, com- 11th upd G Sts. Qur constant aim A little better food A little {nicer crowd A hittle more comfort The “little mores” That miyke the. i big difierence LIBERTY LIMITED Leaves Washington . . . 3:10 Arrives Chicago . .+ .« 900 A, PENNSYLVANIA | i, 0w RAILROAD R — them, and are historic Furnit Seventh Strect not mlready known to account for the | H sudden demand that carried the price 1 . Jarge, | consolidated. In Milwaukee seven dairy up more than 6 points at one time. L8N 7 all, 25 20n21; | concerns have shrunk to three. In Phil- A new high record was marked up i!é ' | capons, !mcg‘ heavy, 42a83; small, 30a | adelphia five concerns, financed to- ir National Food Products, notwith-| 481 |35: ducks, 27n28; keats, 80a80. gether, do most of the business. Sixty nnmu# announcement of the nflor-l g:: Meats, fresh killed—Beef, 20a22; ' per cent of the Pittsburgh dmrlbutkm‘ ings of a substantial block of the| 3 82, |veal 22a24: Inmb. 28a30; fresh hams, | {5 through one concern. class A stock. | 23 1Res | 18a20; loins, 17a18; fresh shouider, 12a e ! 18 138% | 13 gmoked hams, 23; smoked shoul- Assoclations Mostly Local. o | bR ders, 127;a13; calves, 13a14; lambs, 13.| Small co-operative dairles and pro- > - 2 iy PRODUCTION OF OYSTERS | 103 | 1768 Vachum i1 1 vl ik Vegtiaia Raviw ducers” assoclations have not been in- A.\IAZI;\ GLY smart Coats for the money,” you'll say when | : . olve inary = e 2 ) v IN MARYLAND SMALLER& EERE sroese LA e I Merre Npg | HeTEers The datrymen actually pro you see them . . . and why not? « This purchase was hand 3839 0 0 - e v . ; . . . . Mo it o the Bt e | It P 8 e Lot AR et [mnolsciurelof yriois caliy, JROCRCS picked from one of our maker’s higher-priced lines, especially BALTIMORE. March 22—, 110 s 18 ; i have their s i p < ' , ) of 500000 busnels of osters during e | i e it P B e e | (b dairy companies, but these assocl- to provide for this event. Authentic Spring modes for dress, st season own e figures h : 3 > ‘ | ations : Y $ g s % the State Conservation Department peid oo o Uy o b Y giochen up, Winecais. | Small co-operative cheese producers | street or sport wear, in kasha, satin, Poiret, broadcloth and sport o i A , {8 18 Y| EES R B detee S B | S s 3 ol oA | g fabrics in basket weave and tweeds: ‘Distingtive collar and cuff ended March 1! { Fareo) Son C LI T Qw0 o1 5005.90: 00; ! tion of two of the lea During the past dredsing less uhgvm e LIELN a Ao Jiin U a. “r:\u‘!:;d:rmnt Broportion of the busi- treatments. Also Tan and Black Coats. than 000 bushel oysters were 1Fire Ama_Phila.. bt 78 ot 10Ty 10118 ot ness one mal 3 ) thered in ters. i 18 18 T | These mergers unquestionably have : . B et |” SRR I fa loa Laciotn I slightly weaker: | nrovided @ better distribution of sups Misses’..Women's...Extra Sizes 1o take more than two and a haif | ‘1 han Co A E: 1N 1R Oaiiforuin, Gesea-bonch craies, gree plles It Chicago has a surplus and il : Srilion ashels. a3 i ) }o,,,.;“: i medfum size, 6.507.00 w“u, 7.50n | 'm""'hu: ,m,:.,me ,,‘::, pfifi. Some Are Smartly Trimmed in Furs decrease is attributed to the rigid S cago can be sent in cars - i et the st ot | 1 Bost & Xe 0a AC Bk e ‘burgh without marked deterioration T e et 8 Ay 80| B e pointed e’ 2802 5% | (ht the larker clien . he Miadi | o O few low as 2.00. old stock, demand - — S~ o - a T et ] | g o Tt gty “reakec hee | Mozt 213 hvine o0 Lo, Todete . prices have fallen below this mark. 18 Ba 8 T s i giscriminately, Baltimore and ' New w —— 2 7 L Aare suj Wi e cream from = H 138 ery-—S moderate: _demand | Yoil TS MPRLCT Him, Under the new 2 . 4 8 Co moderate, market steady: Florida, 10- - n Washington Stock Exchange| :2 of Come inch cra, 4-8-doren, 3:28a3.0. some system, instead of being mixed and PENNSYLVANIA AVE. AT 8TH NW Sales. 13 1 Con poor condMion, 2.75. 2 10 Cont! s Gas 68 “A"—$1,000 at| & 52 %ontt Letface Market Steady. G4 a8 108%. 4 2 Cudah: Lettuce—Supplies of Western stock | on Gas 6 B—$1,000 at : e e 0 te; demand moderate, market 5, : ] A e A .| ToKeep Out omac Electric 6% pid.—3 at 112. H It 3ot Gy 2% Washington Gu'lo'“'T: | % g ’E:‘é":‘ln."g s ‘Onions—Supplles P e b x| s . wEREE SRR o I i o R Y al . 3 11 3 sacl . 8. . 5 '3 ¥ : .50 Massachu! » hants' Tran. & Storage prd—5 | 108 1381 ALl 088008 yellow U. 8. No. 2, small size. 4.0084.25. i kT ot Ws1;. bt i Mg-i siz P tedo odn d Potatoes—Old stock supplies moder- | the Lo & b Mergenthaler Linotyps—$ at 103%. | 1 B% g% SSanipen 5ot 1204 ate:’ demand mockoraie, market about . 'l“ o > Ssnitary Grocery Co. jd.—10 at 1 17 G 4 i steady; Michigan, -pound sacks | 108%. = | 2 TEPRTENN I 3 R 2y Aot lz»;': 5 188, e R DB wo. T mosy ass || PEOPELY Screehe mh'::w: xmc—‘—:fn“in ! F ] 1,,’,?,. . = ',E‘:i’ L RN e e | We wm S|| P' After Call. Ty 23 1% 13| ig e E'A% Tdaho, 110-pound sicks Rurals v, 8| pply Bitomac Elactelo 6% A6 ot 2134, e 132 1100 alih .‘.f"' o ua No. 1 TS e No. 1, || Knockdown Frames for . .ty % i }é.. i“': 08 ,:‘3, ’E:‘:Z‘E ‘?:Es Toostly €0, | window screens Union Trust Co—10 &t 314. H “% bH ‘é‘, =1t 100" boiy d.- 107 3 2T a0y R8N b 4 - o8y sy |2 B8 Ted wh | e T riinia, \bushel baskets, : d e 333 @#e ':t..-‘ 1% 1" Savoy type, Toa8t. g Screen Wire Cloth, gal- B R S, N s o 1 e 0% by Strawberries—Supplies Bght; demdnd vanized and bronze Bid and Asked Prices. | i - 0% el oddo 105 Jos® light, market steady: Floryda, pony re- 1d an % (PR m 2 188, 75 per quart. BONDS. 7 Metro Chain Strs 58% By 46 Len 100 OR 8 1 tors, missionarys, 60a\™ pe A 1M o o4 i 08, w3 Tomatoes—Supplies lighy.: demand PUBLIC UTILITY X 38 134, 3 2008 1204 light, market steady: repackvd in Pitts- . Amar. 7ol & Telga 47 | =AM il i i g8, o burgh, unknown " origin, thaces. g Screen Moulding for ‘el . B - 1, 2%, pped. count, .0 RN [ 8 Hohewu wha s 108 R 1% }R&h P4 50: Tepacked In Balt¥more and porch screens D) 2" Jops 1y Pn.m:u;:h. sixes, m;;-;:l rd, fancy | 1 1 count, 9.0089. nt, 4 % String Beans Firm. Barber & Ross, Inc. LIFETIME SUITES YOU OUGHT TO KNOW ABOUT It’s not often we talk price, but with these 8 un- usual values we want our customers to know about These suites originally spld for much more worthy of your immediate ins 85 Fine Lifetime Dining and Bedroom Suites Advantageously Priced In Our Present Displays Every suite is a dependable Lifetime Suite of excellent design including suites after the manners of famous early masters and ure Periods. To simplify select grouped these suites at six specially lowered prices $195 $225 $275 $350 $375 $395 MAYER & CO. Between D and E pection. ion, we have