Evening Star Newspaper, April 4, 1928, Page 13

BUSINESSDRAGRY | * INLOCAL MARKET ‘Flower Sales Heavy—Eqgs in* Good Demand—Fowls Re- 1 ported Cheaper. | | A draggy condition of the market was | reported this moming. It was & condi- t was naturally to be expected, | to dealers, bustness seldom | st this season, but improved as are expected when Easter buying begins | of flowers staried fn earnest to- | dealers reported, eariy sales being | e for church decorations. Heavy g in cut and potted flowers is ex- | ¥ Friday and Saturday for Baster | A pal Fish Market dealers ex-| pertenced fairly active trading this mMorning, marine products being in de- | mand for today and Friday, the last sting for the Lenten n. | were ample to meet demands, | reported, but pri re not as cen vegetabl sed business the last of the | They had plentiful supplies on _but the demand was | mand for dyeing | es having undergone no the price of fowls selling *{wiil be open as 7s | WORKERS OFFEfliED STOCK | ., 35a40; 25a26; . capons, fancy, heavy, 30a35; ducks, 27828; 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 light, market steady: barrels, Virginia, 2%; inches up, 8.50a9.00; consider- sbie sealed, 6.00; 2i: inches up, best, 1000; United States No. 1, 2% Ben Davis, 6.00; unclassified, h 50: boxes, Washington, ze extra fancy. Wine- sa a_m:td Smitsufloz. — 214 ‘inesaps, mostly 3.00. Asp.;xnéus—supphu light; demand light, market about steady; California, dozen bunch crates, green, very large size. 5.5085.75; large size, 5.00a5.25; medium size, 4.5024.75; South Carolina, dozen bunch crates, green, very large size, 5.00; large size, 4.0024.50; medium size mostly 3.00. Cabbage—Supplies of new stock lght: demand light, market slightly weaker; Fiorida, 132-bushel hampers, pointed type, mostly 2.00; Texas, barrel Lettuce Is Stronger. Lettuce—Western stock, supplies mod- srate; demand moderate, market slightly 4-5 dogen, 3.7584.00; California, crates loeberg type, 4-5 dozen, some fair condi- tion. 3.25a3.50; Southern stock, supplies Mght: demand moderate, market steady; Florida, 13:-bushel hampers, big Bos- ton type, fair quality, leafy, 2.00; North Carolina, 5-peck hampers, big Boston type, 2.50. ‘Onions—Supplies light: demand light, maerket dull: Ohio, 100-pound sacks, Yellows, United State No. 1, medium #o large size. 4.25a4.50, " Potatoes—01d stock, supplies liberal; emand light, market dull; Michigan, 150-pound sacks, Russet Rurals United States No. 1, mostly 425; New York, 1350-pound sacks, round whites, United #States No. 1, 4.2084.25; new stock, sup- plies light; demand light, market isteacdy; Texas, 100-pound sacks Bliss {Tyiumphs, United States No. 1, 7.50: rida. double head barrels, Sapulding , United States No. 1, 14.00; United Blutes No. 2, few sales, 1250 $pinach—Supplies light; demand Jight, market slightly stronger; Norfolk Va. bushel baskets, Savoy Bype. 1.00a1.15; mostly 1.10a1.15; Texas, "Pushel baskets, Savoy type, fair quality i88d condition, 90a1.10. Btrawberries—Supplies moderate; de- #mand light, market steady; Florida, o y re rators Missionary's best i ly 45; few high as 50; open crates, {Mmostly 40 per quart W' Tomatoes—Supplies moderate; demand iMgnt, market steady; original Plorida, es. ripes and turning, wrapped fancy eount, 6.5027.00; choice count, 5508 $.00; repacked unknown origin, threes, | Fipes wrapped, fancy count, 4.50: cholce eount, 3.7584.00: sixes, ripes wrapped, fancy count, 7.50. String Beans Weaker. supplies moderate; de- hts-bushel hampers, best mostly 3.50 Affording a full day for sightseeing. Attractions: Carnegie Library and In. stitute — Highland and Schenley Parks-— Auto Sightseeing Trips. SPECIAL TRAIN Lasves Washingion 12:43 A, M, Returning leuves Prisbargh 7:00 P. M., Sun- day, April B, Ask Trawel Bureax, 15t and H Streets, N.W., for details. Phone Main 3300 THE EVENING STAR, WASHINGTON, D. €, WEDNESDAY, stock, two doen crates fanay, 500 per orate, Beeplant— Supplies lght; demand moderate, market dull; Florida, pepper crates fancy, some small sive, 4.0084.50; few best, 800 Peppers—Supplies light; demand lght, market duil; Florida, pepper crates, fancy, medium sive, 35084 00 Squash pplies lght; demand lght, market dull, Florida, bepper crates, white. mostly 5.00. Cawliffower— Supplies light; demand lght, market dull, California, crates, 20042 25; Oregon, erates mostly 225 Carrots— Suppltes Ught demand Ught, wmarket steady: Texas, bushel baskets, mostly 225 Beets Supplies moderate: demand lght, market steady: Texas, bushel Dbaskets, 175, few high as 200 Poas demand light, market d! Californta, 45-pound | UMBER INDUSTRY OUTLOOK IS BRIGHT Demand Heavy and Output Is Approaching Mill Capacity. BY J. C. ROYLE. Spocial Dispatch to The Star, | Special I .| 000 shares of the corporation's com- | stock subscription plan, usually is ef- cratos, mostly 6.00 < Supplies b market steady: Flo size, best, mostl rge and small med! size discounted | Supplies light: demand | moderate, market steady: California, boxes, medium size, 550a6.00; small sives discounted. demand mode: 6. EXCHANGE TO CLOSE. Triple Holiday Voted by Heads of | Baltimore Stock Market. patch to The Star. BALTIMORE, April 4—The govern-| ing committee of the Baltimore Stock | Exchange yesterday voted to close the | xchange on Saturday next as well as Good Friday, which is a legal holiday n 3 that the governing committee of the New York Stock Exchange had 4 to suspend business 2 hours on Th time for the op announce- ¥ until the g of business ks and grain and produce ore will be closed Fri- day in observance c U. 8. Steel Corp. Employes Have | * Right to Buy 100,000 Shares. NEW YORK, April 4 (#)—Employes of the United States Steel Corporation have been offered the right to buy 100,- mon stock at $145 per share, or about $1.38 under the closing market price. The offer, made under an annual| fective in January, but last year be- | cause of the 40 per cent stock dividend it was delayed until June and again ‘was postponed until April 1 to permit employes who previously had subscribed an opportunity to complete payments. Some 61.235 employes subscribed to 131,427 shares at $122 each last year. “MELON” APPROVED. 100 Per Cent Stock Dividend of| Vacuum il 0. X.'d by Board. NEW YORK, April 4 (#).—Direc- tors of the Vacuum Ofl Co. today au- thorized the 100 per cent stock divi- dend approved by stockholders March 31, paving the way for the cutting April 14, when it becomes payable, of a “mel- on” having a& market value of some $359.831,808. Holders of the 2498832 shares of common stock outstanding will receive 2,498,832 additional shares, which have a par value of $25 each, but a market value of about $144 each. The com- pany’s capitalization actually is in- creased to 7.000.000 shares, but 2,002,336 shares will be held, probably to be used in financing an ambitious expansion program, which includes acquisition of additional properties in this country, DIVIDEND REDUCED. NEW YORK, April 4 (#.—The an- nual dividend rate of the Wilcox Ofl & Gas Co. was reduced to $1 from $2, with the reduction of the quarterly dividend to 25 cents from 50 cents. CAR LOADINGS GAIN. Revenue freight loading for the week ending March 24 totaled 950,428 cars. In making the announcement the American Rallway Assoclation said this was an increase of 8342 cars over the preceding week, but a decrease of 53, 108 below the same week in 1927. NEW YORK, April 4—The great Jumber business of the country today is showing a marked improvement over conditions existing a year ago. Output both the Southern pine districts and in the Pacific Northwest is approaching mill capacity and working forces are large and steadily engaged. Weather conditions in the South have béen generally satisfactory and have contributed to an adequate log supply, while in th~ Northwest log production has at time ailed to keep pace with requirements Better still e supply of railroad cars has been s g1 that production has moved regu v into consuming cen- ters at adeafile rates to meet growing Spring builjhe demands. Reports from 111 Sofillern pine mills show that production the last three months has been at Sle rate of about 288,600.- 000 feet a m@ith, or 1.4 per cent above the output fdithe corresponding period of 1927. but decline of about 1 per cent from 176, Shipments from the same mills b¥e been approximately 4 per cent o production. a gain_in shipments cif 16 per cent over 1927. Stocks have #llen off 2.3 per cent from this time las? year. Sto#s in Hand Low. been heavier than either so far as the concerned, and stocks In th# hands of local retailers are lower th&h for some vears. There is a general ency among the latter to replenish ‘applies in anticipation of the demand “hich is expected to de- velop now that the weather has settled. Unfilled ordess at the mills are equiv- alent to near’y four weeks' production, and total stdcks are equal to about 131, weeks' production at the current rate. Stocks belr:g laid in by retailers indi- cate that demand is of a highly diversi- fled nature, and the lumber they are buying is fcr general building needs. This is taker: as highly encouraging by the trade in general. Lumber exports to foreign chuntries have picked up strikingly from both gulf and Pacific Coast ports. The shipments from Southern ports have been heavier than for any similar period in the last 12 years, with the exception of 1926, 1920 and 1925, Prices have picked up stead- ily since January, while milling costs have been fairly steady, although there have been some slight advances in logging costs owing to increased length of haul in some districts. The supplv of timber, it is estimated, is likely to be adequate for scores of years to come. The growth of the forests of the Nation is placed at 16 Scientific Lubrication Get the Most Service and Satisfaction from Your Car. You'll bave little or no trouble with the transmission or rear axle gears of your motor car or truck if you use the correct lubricant in the gear boxes. And Automotive Engineers will tell you that there is one best grade that will guard against depreciation, which lowers the re-sale value of ud Ebonite-T for the ions, because gears may be shifted at ease in all makes of cars in zero weather. > Demand Ebonite-R for rear axles. It ruvma noisy gears and repair bills. ‘EEONITE (Cam&mtlofi of Pure Oil) 73 Cents a Shot A¢ Fillig Stations and Garages, BAYARSON OIL WORKS Tolumbia 5228 billion feet annually, of which Southern Pine, where reforestation is being actively carrfed forward, accounts for seven billion feet. Will Set Out Pines. Between 10,000,000 and 12,000,000 young pine trees will be set out around Bogalusa, La., this year alone. In the last year more than 5000 pounds of long leaf pine seed has been harvested and will be used in nurseries this Spring. In the Bogalusa section the lumbermen are endeavoring to replant 5,000 acres each year. “Taking it all in all” declared one official of the Southern Pine Associa- tion today, “the outlook is distinctly encouraging. Our statistical status continues fundamentally sound. The demand is large and increasing and under stimulus of a seven-billion dollar building year, there is no reason why we should not witness a performance comparable with the good years of 1925 and 1926.” “In spite of this satisfactory view of the situation from a volume viewpoint,” declared A. J. Peavy, president of the association, “it has not been satisfactory to the producer because his margin of profit has been entirely too narrow. There is, however, comfort in the fact that we have market opportunity.” Florida, Georgla and Carolina mills have reported increased demand in the last few weeks. RECAPITALIZATION 0. K.'S. NEW YORK, April 4 (#).—Stock- holders of Savage Arms Corporation have approved a plan of recapitalization by which all of the company’s actlvities n the manufacture of sporting arms will bé concentrated in the J. Stevens Arms Co. A new subsidiary will be formed to take over the electric household products department. All stock of both subsidiaries will be held by the parent company, the stock of which will be split. 2 for 1. NO HOLDUP MAN —can relleve vou of your val ables or securities It they ai kept In a Safe Deposit Box at the FEDERAL-AMERICAN NATIONAL BANK Where G Street Crosses 1itA 'Em fiwo outstanding BONDS IN DEMAND. Hagerstown Obligations Bring Highest Prices in 15 Years. Special Dispatch to The Star, BALTIMORE, April 4.—-Obligations of the City of Hagerstown, Md., command the highest prices they have brought for 15 years or more. The municipality has just awarded to the National City Co. in competition with six other bid- ders an Issue of $300,000 4%, per cent bonds, due serially from 1939 to 1968 at 106.169, or on a slightly lower than 3.85 per cent basis. ‘This price compares with 106.39 the city received for bonds sold nearly a year ago, with a much longer maturity. ‘The yield basis for that issue was ap- APRIL EQUIPMENT TRUST BOND BIDDING VOTED DOWN NEW YORK, April 4 (#)—Dealers in investment securities have voted 10 to 1 in opposition to competitive bldding for raflroad equipment trust securtties, Ernest L. Nye of Freeman & Co. announced yesterday, after com- piling returns of a questionnaire sent broadcast throughout the country. The dealers signified the belief that the whole question of equipment trust financing should be reconsidered care- fully before the Interstate Commerce Commission fssues a permanent order. Mr. Nye sald that he believes the commission still considers its recom- mendation of competitive bidding for z 1978 proximately 4.05 per cent. ‘The second highest bid for the bonds just sold was 105.51, made by the Bal- timore Trust Co., and the third bid, 104.47, by Strother, Brodgen & Co. of Baltimore. equipment trust securities as experi- mental, and that the meémbers are maintaining open minds pending a practical demonstration of the working nfl its plan in a market of declining prices. 4 WALLS and beauty from a bucket Your walls should form a harmonious, taste- ful background for the things you value. Color- ful—yet not flamboyant. Decorators will tell you that all paint is the ideal medium Soft, mottled two-tone ANI —a beautiful, I in which to work wonders of beauty. effects—flat, lustrous finishes. Keystona is as washable as marble. It is economical be- cause of its remarkable lasting qualities. It is a modern, dis- tinguished finish for walls whose popularity is constantly grow- ing, Ask your dealer. E. J. MURPHY CO., Distributors 710 12th St. N.W. Washington, D. C. LE 17 PRICES ON PARIS BOURSE. PARIS, April 4 (#).—Prices moved Jr- coal mine regularly on the Bourse today. T d In the United States during | "B 7 o1 e, 68 francs, 25 centim the week ended March 31, is estimated | 5, per cent loan, 87 francs, 80 at 9,400,000 net tons by the National | times; exchange on London, 124 francs, Coal Assoclation, compared with 9,872,- | 2 centimes. The dollar was quoted at 000 tons the week before. 25 francs, 40 centimes. - COAL OUTPUT DOWN. NEW YORK, April 4 (7). —Bituminous | The S.S. LEVIATHAN carried more passengers during 1927 than any other ship on the Adantic ND the famous United States Lines fleet carried more passengers per voyage than any other fieet on the Adaatic. Highest American comforts at lower rates with a day or two loager at sea on the five cabin ships George Havding, 20d President Roosevek. 1027 Connecticut Ave. N.W. Washington, D. C. THis V.-TYPE IS THE ULTIMATE -CYLINDER SIMPLICITY T HAS always been Cadillac’s unique privilege to hold price down while it pushed quality up. This it has been able to do because of its ever- increasing command of the highest fine-car market. The only way that others can even seem t compete with Cadillac and La Salle is to in- dulge in compromise and surrender—with the inevitable result that eventually they drop out of Cadillac and La Salle’s class forever. Wherever volume is small, sacrifices must be made. Costs must be cut out somewhere, for there is no opportunity to spread them over a large volume. Cadillac’s extraordinarily large following therefore enables it to accomplish results im- align the eight cylinders one after the other. The other is the Cadillac V-type way. Cadillac’sreputation for superior performance has grown from its application of the V-type principle—the mounting of two blocks of four cylinders each, each block set opposite the other at a V-shaped angle of 90 degrees. There is no other power plant just like this and for this reason there is no other car that has so simple an engine, such perfect carbure- tion, such lack of vibration, such delightfully smooth performance. It is such plain and obvious superiorities as these that have won for Cadillac and La Salle their commanding following in the highest fine-car field and placed them literally beyond possibility of competition. Sold Only in New Bottles E have discontinued taking back empty bottles because: In many sections of this country these bottles have been used for purposes that make them unfit for Clicquot Club Beverages. So much care is exercised in the making of this ginger ale that is AGED 6 MONTHS that the Clicquot Club Company dare not take even a remote chance of having the quality of this beverage impaired by used bottles, When you drink Clicquot Club, you may be sure that you are drinking ginger ale of the utmost richness, mellowness and purity out of a clean, new bottle, ", uot C\ub GER ALE 0\'\ch PALE DRY - GOLDEN © 1938 The Olaquot Ol Cs. performance benafils resulting from the employment of the ninety-degree, V-type Eight principle are equally spaced and generously overlapping power impulses, fealures chiefly re- sponasible for the smooth, velvety flow of eager power that is thedominantcharac- leristio of every Cadillac and La Salle. This illustration shows why the ninety- degree angle between the Cadillac eylinder blocks effects thess resulls. possible to others. Chief among these results is a power plant— the fruit of years of study and experience— found only in the new Cadillac and La Salle in its most highly developed form. This power plant is the most famous Eight in the world. For automobiles there are two ways of designing an Eight. One is to e Cadillac welcomes an opportunity to prove these siale- menis. A phone call will bring a demonstrator at your convenience. New lower La Salle prices, $2350 to $2875. Cadillac prices, $3295 {o $3950. Exclusive Fisher and Fisher Fleetwood custom-built bodies up fo $5500. All prices f. 0. b. Detroit. as CADILLAC MOTOR CAR COMPANY Division of General Motors Corporation THE W ASHINGTON-CADILLAC CO. RUDOLPH JOSE, President 1136-1140 Congecticut Avenue Fru,nklil 3900, 3901.(”,