Evening Star Newspaper, September 11, 1928, Page 13

MEAT PRICE GAINS HAMPER BUSINESS D.:C. Wholesale Dealers Re- port Trade Has Reached i Low Mark. With a further increase in the prices of nearly all kinds of meats, wholosale delers in that type of produce today reported their business at nearly a standstill. Retail dealers are now pur- | chasing less than half of the beef, veal. | lamb and pork that they did a year #20. wholesalers report, W mept of almost as much as they had | before. Fresh-killed lamb was today reported | at ‘from 28 to 30 cents per pound. an Increase in the range of from 2 to 3| cents a pound. The low price on veal.| which is for the more inferior quality. | yemained at 22 cents, while the top | price increased from 25 to 28 cents. ! Emoked shoulders that were quoted at 19 to 20 cents are now 20 to 22 cents. Fresh shoulders are now 22 to 24 cenis, | Whereas they were 20 to 21 cents last Commodity News Fruit. PORTLAND, Oreg.. September 11.— The big peach movement in Oregon and Washington is about average. Reports from the Yakima district indicate ship- ments to date of approximately 80 to 85 per cent of the crop. Prices are firmer and higher. oi. FORT WORTH, Tex.—West Texas caily ot production increased 23. barrels per day last week ac compared to the previous weel The totals fol- low: Last week, 567,790 barrels per day; previous week. 544,265 TULSA. OKla.—This week sces the installation of State-wide proration in the flush oil fields limiting the Okla- homa output to 700,000 barrels a day for the remainder of the year. Lumber. NEW ORLEANS.—Reports from mills {th an invest- |to the Southern Pine Association show | that orders received during the past week decreased 6.7 per cent. shipments decreased 169 per cent and_production decreased 3.5 per cent. Unfilled orders for the week amounted o 184,072,000 eet. NEW UTILITY COMPANY PURCHASES OLDER FIRM Special Dispatch to The Star. NEW YORK. September 11.—The ef- THE BRTIH TRADES DEPEND ON RADID England’s Hold on Grain Mar- kets Is Strengthened by Air Networ'e BY J. C. ROYLE. | By Cabie to The star | 'LONON. September 11.— Radio has | tightened England’s hold on the grain markets of the world. By means of this method of communication English grain traders have been able to work | out a system of distribution which has enabled them to secure the best prices and avoid glutting markets. This has a vital effect on the prices American producers receive for their grain and | has resulted from co-operation of deal- | ers and shipping men centering on the Baltic exchange. The system is the same as that by which bananas and other perishable fruits and vegetables are distributed by | the big concerns in the United States. In the Baltic exchange are gathered the ship owners. the ship brokers and | ihe grain merchants doing business all |over the world. If a grain dealer has week. | fort of one of the oldest and strongest | a cargo at Montreal, New York, Phila- Although the prices on most poultry | .o 5 ) IV | companies in the public utility field to | delphi yemained the same, the wholesale price | purchase stock control of a compara- | PMF;‘ on ducks jumped from 20 and 23 cents to 28 and ‘30 cents. Fruit and vegetable prices remained approkimately the same, with the supply plentiful. Butter and tively new organization and its sequel, in which the young company took over the *old one, was revealed in the announcement that the United Light Baltimore, Newport lews, Seattle, San Francisco, New | Orleans. Oslo, Odessa, Callao, the River | Platte ports or anywhere in the world, | he enters negotiations with a ship bro- ker, who finds him a suitable ship.” EVENING STAR, WASIfiNGTON. . U TUESDAY, SEPTEMBER 11, 1928 ° 301“01’5 ol Hpamy “nsed cars” £ d stationary. | exg prices remained stationary | & Power Co. had gathered in the Amer- | The cargo of that ship may be sold One dealer today explained that the fncrease in the price of pork products is due principally to the fact that the | frowers can realize'a larger profit on Their corn by selling it than by feeding | it to hogs. For this reason his hogs are | #old at & much lighter weight than | previously. Today's Wholesale Prices. Butter—One-pound prints, 50a51; tub, | 49a50; store packed, 3023:. | Egge—Fresh, selected, 38a40: hennery, 42a44; current receipts, 35a36; storage, 35836, Poultry, alive—Turkeys, 30: fowls, Jarge. 28. Spring chickens, large, 34a 25: medium, 33a34; small, 32a3: horns, 30: roosters. 18a19: keats. 50p60: old, 30. Dressed—Turkeys, 40a 42: fowls, large, 32a33;. small, 28a30: Spring chickens, large, 42a43: medium, 40; small, 38: Leghorns. 37: capons., Jarge. 44a45: small. 30a35; ducks, 28a 30; keats. young, 80a1.00. Meats, fresh killed—Beef, 22a26: veal, 22a28; lamb, 28a30; fresh hams, 28a29; fresh pork loin. 40: shoulders, 22a24: emoked hams, 26a20: smoked shoulders, 20422 bacon, 24a26; lard, 15a15's. | Live stock—Calves, 14a15. Fruit and Vegetable Review. The daily market report on fruits and | wegetables, compiled by the Market News Serviee Bureau of Agricultural | Economics: { Apples—Supplies light: demand slow, | market dull: bushel baskets, Virginia, various varieties, U. S. No. 1. 31 inches | ican Light & Traction Co. after nego- | and : | and resold 10 times during the voyage. RS e Its destination may be changed by wire- his combination is one of the largest | less or cable just as often. until it gnd most aggressive in the power and|fnally is distributed from the market ght industry. Tt has operating com- | where the final owners find the most | panies scattered over the Northwest. suitable bargain, This method of dis- Middle West, Southwest, and is in com- | tributi Ips to make the Liverpool petition in Greater New York with the ;.nd" fi’:\;d:\‘: n:mx?‘ ':\-kr;elrem- vdp‘l):r. gt‘“;(llly !Eal;m’d Consolidated Gas & mining factor in the price paid the pro- ";‘1'1 yn tson. & | ducer all over the world. Mahe American Light & Traction Co.| The Canadian crop now is having a was incorporated in May. 1901. Its gstrong influence on those prices and securities have always been rated as group. Some of the large units it con- trols are the Milwaukee Gas Light Cq people with gas and 340.000 with elec- . _Last year its operating revenues were $37.140,000. Emerson McMillan, field in this country, was chiefly re- sponsible for building up the credit and earnings of this company. The United Light & Power Co. was incorporated in November, - 1923, It Y6a1615: lambs, |Served 438 communities, including Kan- sas City, Mo.; Columbus, Ohio: Daven- port, Jowa City, Cedar Rapids. Ottum- wa, Fort Dodge and Mason City, Iowa, as well as Lincoln, Nebr.; Rock Island and_Moline, Ill.: Chattanooga, Tenn.; La Porte, Ind. The populations within its territory is estimated at 2,000,000 ex- clusive of Brooklyn. where it controls the Brooklyn Borough Gas Co. o o0a 0¢ barrels, Vireinia. fo% | NEW YORK BANK CLEARINGS. gales, U. S. No. 1, 2%, inches up,, Grimes, 4.5084.75. 1 Cabbage—Supplies moderate: demand moderate, market about steady: Vir- ginia, barrel crates, domestic. round | NEW YORK. September 11 (Special) —New York bank clearings, $1,447,000, 00: New York bank balances, sLlll.-I 000,000; New York Federal Reserve type. 2.25a2.50; New York, bulk, per balances, $96,000,000. ton. domestic, round type. 45.00. Cantaloupes—Supplies moderate: de- mand light, market steady: California, Turlork section, salmon tints, standards, 455, 3.25a350: jumbos. 45s. 3.7504.00: Colorado, salmon tints and pink meats. “umbo. fiats. mostly green. 6s. 1.00: 8s, 3 standard flats, mostly 150; miscellaneous melon: supplies light, cemand light, market steady. €alifornia, Turlock section, Fersian melons, fizes. jumbo crates. 2.5023.00 standard crates. 2.00a2,50; pony. crates. 1.75a2.00, ry—Sul rate: demant lleht. market, stwgdv: Neéw York. two- third crates, 2:25a2.80; some fair qual- ty, 2.00. < = e “Lettuce — Supplies light: demand fight. market dull: ‘New York. two dozen crates, Big Boston type. 1.50: or- dinary quality and-condition. low as 75. Western—Supplies moderat demand light. market slightly weaker: California and Colorado, crates, Iceberg typs, four- five dozen, 4.00; few Colorado, ordinary eondition, -3.50. Onions—Supplies light; demand mod- erate, market - steady: Indiana, 100- pound sacks. Yellows. U. S. No, 1, me-! dium to large size, 4.00a4.2: 4 Peaches—Supplies limited; demand ight, market, dull; Maryland and Penn- | sylvania, bushel baskets, Elbertas, U. S.1 No. 1, medium size, 1.75; large sise,| 2.00a2.25: mostly 2.00. i Pears—Supplies moderate: dflmndi moderate, market firm: Oregon boxes Bartletts, fancy, medium ‘to large size, 3.7524.00; New York, bushel baskets, | Bartletts, No. 1, 2.25a2.50; higher. . Potato Prices. ! Potatoes—Supplies moderate: demand | moderate, market steady; East Shore | Virginia and East Shore Maryland, cloth-top stave barrels, Cobblers, U. 8./ No. 1, 2.25; Pennsylvania, no early sales reported. | Sweet wth&—Supflle& light; de- | mand slow, market dull; nearby Mary-| 1and, bushel baskets, Nancy Halls, No. 1, | 1.50a1.75; East Shore Virginia, barrels. | yellows. 4.00. I Carrots—Supplies light: demand light, market steady; New York. bushel ba kets, in the rough, 1.75; washed, 200. | Grapes—Western stock: suppiles lib- | eral: demand moderate, market slightly 12-quart Climax baskets. Concords, 60. Cucumbers—Supplies light: demand light, market dull: New York. bushel baskets, fanc: poor quality and | condition, lot MACHINERY SALES. NEW YORK, September 11 (#).—Sales of machinery and machine tools in Au- gust were well above the July total and in several centers, notably Chicago. exg | ceeded in volume any previpus record for the month, American Machinist re- | ports. \ The industry continues to dominate the market. especially mn Detroit, Cleve- Jand and Milwaukee. It is strongly felt in the New England district and is at- | tracting attention in Cincinnati. | RS See Pepper Price Gain. | NEW YORK. September 11 (#).—The retail price of ordinary black or whiie table pepper will probably be doubled by next Winter. spice brokers said today, as | a short crop is reported in both India | and Java, the world's two principal | brses of supply. NEW FINANCING PLAN. BUENOS AIRES. Argentina, Sep ber 11 (#).—A new system of agricu!- tural_credits, established by the Na tional Bank of the Argentine. allow each farmer approximately $20 for earn 21, acres planicd. Fifty per nt of « credit, is made available when the ap- plication is approved and the balance as goon as_the planting has been com- gleted. The loans run for six months. Steel Prices Advanced. NEW YORK. September 11 (#).—An ssivance of $2 a ton in the price of steel bars, shapes and plates has become effective in the Chicago district. Chemical Firm Earnings. NEW YORK, September 11 () — International Agricultural Chemi Corporation and affiliat earned $1.66 A share on the common in the year ended June 30, after ‘allowing | i | this is intensely felt here, for many | among the best in the public utility of England's unemployed are helping |to gather that crop and thousands of | additional workers are outward bound - | Detroit City Gas Cq.. Grand Rapids Gas | Y cery 8- | Q. Grand Rapids Gas |to Canada with every boat. Reports here . | Light Co. and other properties In Mich- [are that Canada is far from displeased { igan, Missouri, Wisconsin and Texas. It | with the first results of the movement. | serves & population of about 3,000.000 land the other colonies are expected to |absorb their share of the unemployed, especially the coal and steel workers. | The Prince of Wales, the greatest | one of the pioneers in the public utility | salesman England ever had, has just | salled for the African colonies. While | no announcement to this effect_has been made, few business men doubt that it be his task to sell the services of Eng- lish workers to the colonies and point |out the advantages of encouraging their | emigration from England. On his return | he will have an ecqually important and arduous task. that of selling the idea |of leaving England for new and un- known flelds. If any one can accom- &lsh this for England, the Prince can counted on to do it. PAR;S BOURSE PRiCE& PARIS, Septsmber 11 (#).—Prices improved on the Bourse today. Three per cent rentes, 87 francs 7 ntime: 5 per cent loan. 94 francs 45 centimes. Exchange on London, 124 francs 23 centimes. The dollar was quoted at 25 francs 603 centimes. Saturday—Last Day of Kaufmann’s August Furniture Sale On Kaufmann’s Entire Stock of Character Furniture 1415 H S S T:0 "R E-S anly for annual dividends of 7 per cent on the prior preference stock. against net loss of $352,315 the year before. Three-Piece Velour Suite A fine three-picee suite, made in accord- ance with Kauimann's specifications. Cov- ered all over with two-tone jacquard velour, with velvet pipings. Loose, spring-filled and foundation. 18 Months to Pay KAUFMANN Jacquard cushions have Nachman spring. Spring edge treet N.W. TAND for a minute on the busiest street and watch the cars go by. You cannot tell—nor do you ask yourself— whether the driver of any particular car is its first owner—or its second, or its third. The automobile is essentially transportation, pro- duced not for one purchaser but for as many as may own the car until its mileage is exhausted. The public has realized this. More than 10,000,000 families today are driving cars of which théy are second or third owners. Three out of five of the cars you see have been purchased as “used cars.” And this year, more than ever before, there are great opportunities in unused transportation at low cost. The cars accepted by General Motors dealers in trade offer a wide selection —and for the purchase of these cars General Motors extends the conven- ient GMAC Plan of credit purchase. GENERAL MOTO CHEVROLET - "A car for every purse and purpose™ PONTIAC + OLDSMOBILE OAKLAND » BUICK + LaSALLE CADILLAC « Al with Body by Fisher GENERAL MOTORS TRUCKS YELLOW CABS and COACHES .'mcuum_z- The Autematic Refrigerator DELCO-LIGHT Electrie Plants GMAC Plan of Credit Purchase TUNE IN=General Motors Family Radio Party. Every Monday evenin, . Ei 8 Eastern Standard Time. WEAF and 31 other stations u-ei.u: with ': When you are in Atlantic City, see the General Motors Exhibit on the Steel Pier e R e e S S BT 351 SED CAR” IS UNUSED TRANSPORTATION R T B B T R R PSS SO )