Evening Star Newspaper, September 10, 1928, Page 13

L .«n‘&i THE EVE D.C.DEALERS PLAN FOR BUSY SEASON Business Is Quiet at Market as Week’s Activity Although little business was done to- day in the frud and vegetable markets, | dealers were preparing for what they think will be one of the most active weeks of the present season. Few products are brought here on Monday, but large quantities of the iater varieties of fruits and vegetables | are expected to be available to house- wives, who wish to take advantage of the lower prices to do their canning, | a practice that is again coming into wpgue as the most cffective method of overcoming the Winter food problem. Meat prices still continue so high that retailers report difficulty in making expenses on that part of their busi- | n Prices today mained the same as at the close of business Saturday. Today's Wholesale Prices. ‘Butter—One-pound prints, 50a51; 4pas0; store packed. 30a32 s sh, selected, 38a40; 35a36; tub. hennery, eceipts, storage, | | dium, alive—Turkeys, Spring chicke "medium, 3 ns, 30; roost 50a60: old. 30 42; fowls, large sgnmv: chickens, young. | Turkeys, 40a | small, 28230 | Dres large, Leghorns | 3. small. 38: capons, | large, 44a45 feh hmk emoked hy : bacon, stock —Calves, | which the country | mon to good common, | South and one of the two or | celebrated S., No. 1, medium size, 1.75; some pale color, small size, 1.25. Pears—Supplies moderate; demand moderate, market steady: Oregon, boxes, Bartletts, fancy, medium to large size, 3.75; New \ark bushel baskets, Bart- rsunullrs moderate: demand moderate, market firm: East Shore Vir- ginia and East Shore Maryland, cloth- | top stave barrels. cobblers, U. 8. No. 1, | 2.25; Pennsylvania, no early sales re- ported. | Sweet potatoes—Supplies light: de- mand light, market steady: nearby Maryland, bushel baskets, Nancy Halls, No. 1, 1.75; Bast Shore - Maryland, bushel hampers, yellows, No. 1, 1.75, Carrots—Supplies light; demand light, market steady; New York, bushel hhkcls in the rough, 1.75; washed, Grapes—Supplies of Western stock liberal; demand moderate, market about steady: California, ]IlR‘ Malagas, 1.25a | 1.50; Flame Tokays, 2.50a2.75. Clicumbers—Supplies light: light, market dull: New York, bushel baskets, fancy, 1 poor quality and | condition low as 75. TOBACCO SALES DECLINE. “ BALTIMORE. September 10 (Spe- cial).—Both receipts and sales of Mary- land leaf tobacco declined last week, the former totaling only 1,608 hoge- | heads, while sales amounted to 1,664 hogsheads. leaving a stock in State to- bacco warehouses of 19,877 hogsheads. Market, however, continues active for | practically all grades at the following quotations, per 100 pounds Inferior. 6.00a7.00; frosted, 3.00a4.00: sound, common and greenish, 8.00a | 00; good common, 16.00a25.00; me- | 26.00a40.00; good to fine, red, 41.00250.00; fancy, 50.00: seconds, com- 6.00a15.00; me- 00; seconds, good to upper country, burley, ground leaves, 3.00a25.00. dium, 16.00; fine, 24.00235.00; nominal Infantry Unit Celebrates. FAYETTEVILLE, N. C—The Fay: etteville Independent Light Infantry, oldest military organization in the three the United States, recently | its 135th birthday. The | has served in every war in has been involved , oldest in company | since 1812. Fruit and Vegetable Revi The daily market report on fruits and | vegetables (compiled by the Market | News Service Bureau of Agricultural Economics) says Apples—Supp light. market baskets, Virginia, U. S. No. 1, ?’a to 21 mcht‘s up, Jonathans, 1.50: U. S. No. 1, inches, various varieties, 1.00al1.2: Cabbage~Supplies moderats emand | moderate, market steady: Virginia, bar- rel crafes. round type, 2.25a2.50; New York, , domestic round type, ©.25a2.50. Cav\m.mlpc —Supplies moderate; de- mand light, market steady: California, Turlock section. salmon _tints, standard X : mostly 3.50; jumbps, 45s, Imon tints. standard me _ordinary con- s , 3.50a3. pink flats, 125 and 15s, miscellaneous melons, supplies | ight, demand light. market dull; Cali fornia, Turlock section, Persian melons, | Jjumbo crates, 3s to 6s, 2.50: some pos decayed, low as 1.00. Celery—Supplies moderate; demand light. market steady: New York, 2-3 crates, 2.2522.50; some fair quul\!y.‘ 200. Lettuce—Supplies of Eastern stock | light; demand light, market steads New ‘York, 2-dozen crates, Big Boston | type, 1.50a1.75; ordinary quality, leafy, | low as 75; Western stock, supplies mo etate; demand moderate, market slight- | 1y weaker. California and Colorad Iceberg type, 4-5 dozen, 4.0 demand standara: Onions—Supplies light: demand mod- | rntP market firm; Indiana, 100-pound U. S, No. medium | 4 Tew large size; no early | eported:: (5 Peaches—Sypplies limited; demnnd‘ #mv manket dull; Maryland and Penn- | lvania, Rushel ‘baske Elbertas, U.| if _The SHOE pouu in Neutral shade for any cofor | to excessive hea Relief for Pollce. ROME.—Roman traffic police, due have at last been al- lowed to sport white cork-lined helmets on duty, discarding the old steel head- gear reminiscent of the days of gladia- demand | tors and the Praetorian Guard. I Roof Paints . of all kinds. House Paints. Porch Paints. Radsator Paints Enamels. F’OO" Wax & Sta;ns. "Duco” for Autos & Furniture. do your only the 1.5, MONEY T0 AID BRITISH INDUSTRY American Capnal Declared to Have Been Invested in Public Utilities. BY J. C. ROYLE. Special Dispatch to The Star. LONDON, September 10.—American | capital will'be instrumental in develop- ng in a modern way the public utility facilities of Great Britain. Exclusive information to this effect was given the | writer today by an executive of one of the largest electrical manufacturing concerns supplying Great Britain and the continent. A score of municipal electric power plants_throughout England already have been bought by leaders in the public utility field in America, and by repre- | sentatives of men heavily interested in manufacture of electrical equipment in the United States. No effort has yet been made to co- ordinate or amaigamate the service of these units. But there is no doubt that the ultimate design of the capitalists involved is the formation of supel power chains, with interlocking ex- | change of current, which have proved such a boon to industry in the United States. Need Parliament Sanction. The success of the movement is not vel assured, according to English elec- trical men, They declare that forma | tion of the superpower systems must be sanctioned by Parliament and predict | that the purchasers of the municipal | plants will have no difficulty in getting past that obstacle. The British electrical engineers have not been caught asleep by the Americans. The former have been fully aware of the possibilities which would result, for example, from the construc- tion of huge power plants near New- castle or the other northern and west- ern coal flelds, and the distribution of power from these central _stations throughout England, Scotland, Wales and even France and Ireland. They simply have not had the money tc carry out the projects. Nor has the flotation of stock and bond issues seemed likely of success with the British public, the amount Now for Your Fall Painting Itll prove economy in the end to Fall painting, inside the house and out, with the best medi- ums procurable. I The very fact that we offer a paint is proof of QUALITY. We handle dependably good sorts of paints, stains, varnishes and enam- el-q‘we you the advantage of— Specmlly Llow Prices Window Glass Cut to Order “Barreled Sunfiglxt." Du Pont Paints & Varmshes. 1334 N. delicious E know that you'll like Mother's Bread. It is the same delightful bread that won your mother from the baking day. Thirty years ago the women of Washington made their own bread. Mixing, kneading, bak- ing, they spent hours in the kitchen! How they longed for a “b would measure up to their worthy of being served in their homes! Then Mother’s Bread appeared in the stores. a bread as good as the finest home- Here was baked loaf. Its delicate flavor quickly convinced Washington housewives that home baking was no longer overnight this tedious drudgery was banished from thousands of homes . Bread became Washington' tiresome worry of The quality is ought” bread that standards . . . one and even texture necessary. Almost . . and Mother's It is fresh from ’s favorite bread! HUGH REILLY CO. PAINTS & GLASS Y. Ave.—Phone M. 1703 Today we offer you this same Mother's Bread. If anything, you'll find it more delicious than in your mother’s day. uniformly good. There are never any “below standard” loaves. Each loaf is as delicious as the last, If you could only watch us bake it, you'd quickly know the reason. We use the highest- grade flour . . . the finest-grade shortening . . « and rich, wholesome milk. Even the most par- ticular housewife couldn’t be more careful than we are to have every loaf just right. Just order a loaf tomorrow and test it for yourself. See how your family like it. Notice how children take to it at once. Just say “Mother’s Bread” to your grocet. our ovens twice every day. Corby's Bakery; Continenta Baking Company. MOTHERS BREAD A Cordial Invitation D" The Corby Bakery is aluays open to inspettion, and vistors aracordially weleomad. ST Won't you come in and see for yourself just how Motber's Bread is made? e FAR. WASHINGTON. D. T WONDAY. SEPTFABER 10, of money for investment as compared with the United States is small. More- over, the death of Capt. Alfred Loewen- steln, who was closely identified with publie utilities in which the British pub- lic were heavily Interested, cast a shadow on any such possible flotation It is believed the Belgian financier had some such issue in mind at the time of his death. Industry in England has had for 10 years to contend aith insufficient sup- plies of credit, according to an official of the Midland Bank, Ltd. This offi- cial feels that credit supplies have been sufficient, to give a temporary prosperity, but have been cut off too soon to reap a full effect through the channels of wages and profits. This is the hurdle that has stopped the British public utility men. Situation Reversed. It would seem a natural corollary of the present situation that as soon as the path of superpower chains unde American financing becomes clear, the opportunity participate will_be offered to investors in America. This will mean a reversals of the situation of 75 years or less ago. POWER MERGER RUMORED. BALTIMORE, September 10 (Spe- cial).—Activity in stocks of the Penn- sylvania Water & Power Co. last week is causing considerable comment here, and it is believed much of the stock is being acquired by the Consolldated Gas, FElectric Light & Power Co. of Baltimore. The Consolidated already owns 40,000 shares of Pennsylvania Water & Power stock, and it was belleved logical that it has been adding to its holding in the allied company in the open mar- ket, thus accounting for the greater de- mand recently for Pennsylvania than for Consolidated. Through a long-term contract the Consolidated controls the entire elec- tricity output of Pennsylvania Power used In Maryland. In view of these close relations and the importance of the Susquehanna as a source of power, ranking next in size on the North Atlantic to the St. Law- rence, it seemed highly probable that the Consolidated would. want to employ surplus earnings for additional invest- ment in the Pennsylvania compan BANKERS WILL HEAR FAMOUS SPEAKERS Orators of National Note Sched- uled for Addresses at Convention. BY JOHN F. SINCLAIR. Spectal Dmvnfch to The Star and tl\l North American Newspaper Afliance. NEW YORK, September 10.—Speeches at bankers' conventions are notoriously formal, dull and dry. This year the convention of the American Bankers' Association, meeting the first week in October, in’ Philadelphia, will be an ex- ception. For if the speakers just an- nounced live up to their reputations it should be one of the best national con- ventions of the year, banker or other- wise, There will stand on the platform James A. Bacigalupi from the West the young, brilliant, fluent president the Bank of Italy, who, when in_trim, is & modern Cicero, and Dr. E. A. Alder- man, president of the University of Virginia, the man who gave the Wood- row Wilson memorial oration in the National House of Representatives be- fore ome of the most distinguished gatherings _ever assembled. He will speak on “The Strength of Democracy.” Then there is Roy A. Young of Wash- ington—away above the speaker and the glad-hand the Federal Reserve Board. L. Russell, dean of the Wisconsin School of Agri- culture. He can tell bankers a lot about farming and and its problems, and they will listen. Another speal Leonard P. Ay artist of Next, H. r announced is Col Cleveland, economic . studious, careful, but always in- in his handling of what is usually & dry subject. He speaks as well as he writes. Eugene M. Stevens the president of the new billion-dollar Continental-Tllinois Bank & Trust Co of Chicago, is another big banking platform atfraction The subject of bank credit will be | the main topic before the session, (Coprright, 1928, be Daper LIST OF STOCKHOLDERS SHOWS ENORMOUS GAIN| Special Dispatch to The Star. NEW HAVEN, Conn., September 10. Corporations listed on the New York Stock Exchange have gained a million common _stockholders within the p: five years. A survey of the stockholde: lists " indicate that most of these new | owners are permanent investors, “strong-box holders” who get their div- idends quarter after quarter. This information supplements the re- cent estimate by Stone & Webster and Blodgett that investors in common stocks in the United States have in- creased thirtyfold in 15 years, from 500,000 in 1913 to 15,000,000 in 1928, | while the population increased only 2 per cent. Along with this increase in indi- vidual holders has come the rise of American investment trusts. Of these investment trusts there were only eight in 1913, only 12 in 1918 and 29 in 1924 The bulk of them have sprung up within the past three years end the number is constantly increasing | The investment trust is founded fo: | the most part on sound principle of average as a | the veteran and respected | North Amerian News- | Alllan: | Corns Quick safe relief Dr. Scholl’s Zino-pads remove the cause—friction and pressure of shoes— and give instant relief. Only scientific way to treat corns, Thin, protective, heal- ing. At drug, shoe, and dept. stores. .Q!Scholl s Zino-pads Put one on—the pain is gone! diversifying investments and thus di- minishing the risk of los ‘Thus the income of investors—that is, what their incomes will buy in goods. By invest- ing largely in common stocks of sound enterprises, the income realized in- creases, in general, when prices rise— thus insuring the investor against loss in his real income. Of course, the recent widespread speculation in stocks inflated prices and Impaired their yield. But oftentimes common stocks are less speculative than bonds in terms of real income and many | service in a display have acted on sound reasoning or in- | stinct in putting their investment egss | in the stock basket. When the dollar falls in purchasing 13 power during a rise in the price level of goods, the dollar yield of common stock tends to rise, while the dollar yield of bonds remains fixed, which means that the real yield falls. Even when goods prices fall and hondholders gain, expereince shows that sound com- mon stocks more than hold their own in | comparative ylelds. Etiixon Get; ]ielics. GROVE CITY, Pa—In continuous window here for 23 years, two 200-watt electric light bulbs have been presented to Thomas A. Edison. One bulb was burned out, but the other was in good condition. BEFORE BUYING your WINTER’S COAL INVESTIGATE THE STURTEVANT BUCKWHEAT CoAL BURNER CUT YOUR COAL BILL IN HALF AND AUTOMATICALLY KEEP YOUR HOUSE AT 70° From 510000 Installed PAY AS YOU SAVE BEALL & SHARP 734 10th Street N.W. Main 1964 IT WILL WARKING ANOTHER GREAT ADVANCE IN COMMERCIAL TRANSPORTATION sa HIS carries still further a development COMMERCIAL TRANSPORTATION AFFECTS FSVERYONE THUCI(S An increased “the range including that changed America’s ideas of trans- portation by truck. HEAVIER DuTy 1% ton {pricea, ton {puess, MOTEL T wres} $1685 MODEL T-30 MODEL T-42 ton { MODEL T-60 ton{ MODEL T-80 o ramaietires) $1395 Priced, with pneumatie llm} $2800 Priced, with pncumatiotires | $3160 “live” GENERAL MOTORS shaft parking brake « » » Cooling system adequate for most extreme conditions ¢ - + springs extra heavy but ¢ v + amply proportioned ‘“‘fish belly” type frames ¢ ¢ » axle shafts nickel chrome steel, machined all over v # r 4-speed unit transmission, gears of 5% When six-cylinder BUICK -powered GEN- ERAL MOTORS TRUCKS first became avail< able, new standards came into existence. Greater safety with speed and flexibility, higher work capacity, bed-rock economy— these factors became facts. Today these same modern factors are avail- able in a greater range of equipment—includ- ing heavier duty. It is made possible by great advances the new BUICK engine provides— increased power and stamina of this famous engine; and important forward strides in - general chassis design and construction. Exceptional value has come to be expected of GENERAL MOTORS TRUCKS—because of . Chassis only, F. O. B. Pontise, Michigan —Thaese four models are available in 23 variances of standard wheelbases, frame lengths and tire combinations the unequalled facilities backing them. In value, in performance, in features—these models present even more than you expect! Highlight Features: More power and speed than will ever be needed or used—with great reserves beyond that!« ¢ 72% H. P. (at 2500 RPM) for 1% and 2-ton models, 89 H. P. (at 2500 RPM) for 3 and 4-ton models + » Most powerful 4-wheel brakes ever used on trucks! + s + Propeller- nickel steel 7 + easy shifting - - » smooth, quick-action twin disc clutch that eliminates heat distortion s+ 3 chassis lengths available in 1'i-ton model; 4 chassis lengths each, on 2, 3, and 4-ton models + + » bodies and eabs—factory built + s » short turning radius + + » easy steering, with self-adjusting tie-rod ¢ filtered air crankcase ventilation ¢ ¢ ¢ air filter « + ¢ oil filter s v # fuel pump + + » new efficiency tire equipment. Today Come learn about models T-30 and T-42. Accept the opportunity to see and know the giant strides in Bets ter Delivery, Better Commercial Trlnlporllhou repre- sented in these new trucks. You owe it to yourself to come in—TODAY, v Now, more than ever — A Truck for Every Purse and Purpose! TRANSPORTATION £ ENGINEERS \d S. O. S. Call—Franklin 505 N gyl TRUCK, MAINTENANCE TRUCK SALES *LEASES £Q CalfiOL'L'ED.BV.YEELOWiTHUCK'AND COACH] MFG. CO.ZA"SUBSIDIARY;OF.{GENERAL MOTORSI Richmond Branch 107 West Canal St. BROADWAY, VA.—Miller Hoover Motor Co. DANVILLE, VA.—Motor Service Co. MADISON, VA.—J, B. Carpenter COVINGTON, VA.—Wright Motor Co. CHARLOTTESVILLE, VA.—Carpenter Motor Co. WINCHESTER, VA.—Eugene M. Garrett, Inc. NEWPORT NEWS, VA.—Sheffield Motor Truck Co. 30-38 M St. N.E. ROANOKE, VA. GLOUCESTER, VA —'l'. SUFFOLK, VA.—Simpson Moter Co. Norfolk Branch 1611-13 Granby St. In Bros. FREDERICKSBURG, VA.—GMC Sales & Service W. Turner. LYNCHBURG, VA.—Duval Motor Co. HOPEWELL, VA.—Hudsex Motor Co. Time payments financed through Y. M. A. C. plan, at lowest available rates ALWAYS INVESTIGATE "WHAT GENERAL MOTORS HAS BEFORE YOU DBty