Evening Star Newspaper, September 28, 1928, Page 13

PORK PRICE FALLS ON MARKET HERE Increased Receipts and De- creased Demand Blamed. i+ Oysters Sought. Increased receipts, decreased demands @and lower prices were reported of thc condition of the market on fresh-killed pork this morning. Price of loins drop- ped to 30 and 32 cents and hams to 25 end 26 cents. Dealers hope cooler weather will in- crease the demand amd make the market more active, the weather not yet having become cold enough to make buying anything like heavy. Marine products were in demand at Municipal Fish Market for the Friday dinner trade. Dealers had supplie: sufficiently large to meet all demand: and the cool weather in the earl morning made fish show to the best | advantage Oysters in Demand. There was an increased demand for | oysters, dealers reported, and a corre: sponding decrease for crabs. Hard crabs were not plentiful, it was re- ported, and the demand for them was Jight. Soft crabs were offered at $1.2 and £150 a dozen. Heavier receipts of poultry were rc- yported. prices continuing unchanged and the egg market continued firm Butter prices took a slight drop, whil prices of most other commodities were substantially the same as prices quoted yesterday. ‘Wholesalers reported very little changes in prices of fruits and vege- tables. Most fruits continue in good supply. while vegetables are no more plentiful, high prices ruling on to- matoes, stringless beans and lima. beans. Today's Wholesale Prices. Butter—One-pound prints 49250 tub, 48a49; store packed, 30a Eggs— Fresh, selected, 40ad; hen- nery, 48a5 current receipts, 38a40; storage, 35a36. Poultrv—Alive, turke: 28: Spring chickens, la 32a33; s young, 0: old, 30. i 40245 fowls, large, 33a43; small. 28a30; Spring chickens, large, 38a40: medium, 38a40; s&mall, 38; Leghorns, 37; capons, large, 42a45; 28a30; keats, B Meats, fresh killed—Beef, 2 veal, 25a26: lamb. 26a29; pork loin, 30a32; frsh hams, 25a26; fresh shoulders, 22a 24: smoked hams, 28: smoked should- ers, 22a24; bacon, 24a26; lard, 15!,a26. Fruits and Vegetables. Apples—Supplies liberal; demand moderate, market steady; barrels, Vir- ginia, U. S. No. 1, 2!5 inches up, De- licious, 4.50a5.00; U. S. No. 1, 21} inches up, Delicious, mostly around 4.9, few higher: boxes, Washington, combined extra fancy and fancy, medium to large size Winter Bananas, 2.75: small size, 2.50; bushel baskets, Virgi , U. S. No. 1, 2 inches up, Grimes, 1.25a1.50; un- classified, mostly around 1.00: Delicious, 23%_inches up, 2.00a2.25; mostly 2.00; U. 8. No. 1, 215 inches up, Delicious. 1.50a 1.75: U. 8. No. 1, 215 inches up, Romes, 1.25; U. S. No. 1, 213 inches up, various varieties, 1.00a1.: Cabbage—Supplies moderate: demand moderate, market firm; New York, 100- Dgu;;d sacks, domestic round type, 2.50 22.75. Celery—Supplies moderate; - demand light, market steady; New York, 23 crates, 2.00a2.50. Grapes—Supplies liberal; demand moderate, market about steady; Cali- fornia, lugs, Flame Tokays, 1.25a1.50; 4-basket crates, Flame Tokays, small size, fair quality, 1.00al1.15; lugs, Mala- gas, 1.25a1.30; mostly 1.30: Zinfandels, mostly 1.25; Muscats, mostly 90; Ali- cante Bouschets, mostly 140: Dela- ware, 12-quart climax baskets, cords, 55a60. Lettuce—Supplies moderate: demand light, market steady; California, crates, Iceberg type, 4-5 dozen. best, mostly $.75: fair quality, 5.25a5.50; Colorado, crates, Iceberg type, 4-5 dozen, 4.00a 4.50: New York, 2-dozen crates, Big Boston type, 1.00a1.25; few, best, 1.50. Onions—Supplies moderate; demand light, market dull; Indiana and Michi- gan, 100-pound sacks, yellows, U. S. No. 1, medium to large size, 3.75a4.00; New York, 100-pound sacks, vellows, U. 8. No. 1, medium to large size, 3.25a 3.60; Washington and Utah, 100-pound sacks, Valencla type, U. S. No. 1, 350 Con- Peaches and Pears. Peaches—Supplies limited; demand slow, market slightly weaker; New York, bushel baskets Elbertas U. S. No. 1, me- dium to large size, 1.50al.75. Pears—supplies limited; demand light, market steady; New York, bushel bas- kets Seckels No. 1, large size, 0a2.7 medium, 2.25a2.50;" small size, 1.50; Bartletts, no sales reported: Oregon and Washington boxes Bartletts, fancy, large size, 3.25a3.50; mostly 3.50. Potatoes—Supplies moderate; demand maderate, market steady; Pennsylvania 150-pound sacks round whites, U. S. Stimulating and helpful during the trying weather Every Sip Delicious T No. 1, 2.00a2.15; 100-pound sacks round white, U. S. No. 1, 1.50, |~ Sweet Potatoes—Supplies light; de- | mand_slow, market slightly weaker; East Shore Virginia, cloth top barrels, yellows No. 1, mostly 2.75, few high as 3.00: nearby Maryland, bushel baskets, ancy Halls No. 1, 1.25. ma Beans—Supplies moderate; de- mand_slow, market slightly weaker; East Shore Maryland. bushel hamper, | some fair quality, 3.0024.00. | 7 Carrots—Supplies moderate; demand | light, market steady; Colorado, Western lettuce. crates, 5 dozen, 4.00. Cauliflower—Supplies moderate; de- mand light, market dull; Colorado, pony crates, small size, 1.75a2.00. 'B. & 0. SAVES LOSS "IN NET INCOME | Operating Expenses Cut $1,122- 753 in Adgust, Overcoming Revenue Decreases. | Special Dispatch to The Star. | BALTIMORE, September 28.—Reduc- tion of $1,122,733 in operating expenses 50,680 in_other items rt a loss of 001 in railway op- | erating revenues into a gain of $778.432 in net rajlway operating income, the August report just issued revealed. Up to the end of September gross | showed a comparative loss of $12.960.- 504. Operating expenses were brought | down $9.191.290 and savings in other | items amounted to $874.806, the effect | being a loss of only $2.903.408 in net railway operating income for the eight | months. Mail was the only class of traffic to show an increase during the eight months, the gain being $103,328. Freight | revenues were $11,243,466 behind the corresponding period in 1927, while pas- | senger traffic dropped $1,430,169, the | decrease in the latter item reflecting the inroads bus transportation and pri- vate automobiles have made into the | passenger business of the road. | " Decreased movement of coal was the ! principal factor in the drop in freight revenues. 'BANCITALY TO CUT MELON JANUARY 1 3v the Associated Press. SAN FRANCISCO, September 28.— The equivalent of a special dividend of approximately $5 a share will be given stockholders of the Bank of Italy and the Bancitaly Corporation on January | 1, when _one share of the capital stock | of the Bank of America will be dis- tributed for each 40 shares of Bank of | Italy and Bancitaly Gorporation owned. |~ This announcement was made tonight by directors of the Bancitaly Corpora- tion and the National Bancitaly Co. The distribution will be made to share- | holders of record on November 1. | T Frisco Earnings Up. | NEW YORK, Secptember 28 (A).— | August surplus of the St. Louis-San | Franciseo was $1,347,429, against $1.- | 034,984 in August last year, and for 8 months this year' $3838117, against $3,768,446 in the same period of 1927. Auto Supply Co. Gains. NEW YORK, September 28 (#).— | Sales of the 47 stores of the Western Auto Supply Co.. Kansas City, were $7.627.000 for eight months this year, | against $7,374,000 in the same period of 1927, up 3; per cent. August sales | gained 28.9 per cent over August last year. | Lead Co. Passes Dividend. | NEW YORK, September 28 (#).—Con- solidated Lead & Zinc Co., Picher, Okla., { omitted quarterly dividends of 25 cents stocks due at this time. [YISAZAAY - A R “A o - "". /s N e N\ 4 3 >, Y 4 | a share each on the Class “A” and “B" | THE EVENING FEDERAL RESERVE REPORTS ON BANKS Total Resources of $5,094,- 554,000 Listed for 12 Units of System. Combined resources and liabilities of | the 12 Federal Reserve Banks at the close of business Wednesday were re- ported last night by the Federal Re- serve Board in thousands of dollars as follows: RESOURCES. Gold with Federal Reserve agents Gold redemption fund with United States Treasury ...... E Gold held exclusively against Fed- eral Reserve notes Gold settlement fund with Federai 1.214,889 65.503 1,280,392 Reserve Board ........... . 666714 Gold and gold certificates” held by banks . 7 P ... 685.806 Total gold reserves..... “2633.002 Reserves other than gold . 138.082 Total reserves . Non-reserve cash Bills discounted Secured hy United States Goy- ernment obligations 4 Other bills dizcounted . G Total bills discounted Bills bought in open market United States Government itins Bonds .. Sus o Treasury notes i Certificates of indebtedness. .. Total United States ernment securities . Other securities secur- Gov- Total bills and securities Due from forelgn banks . Uncollected items Bank premises All other resources . "Total, TEAOURCEE tuonoorersoeovans LIABILITIES. Pederal Reserve notes in circulation em...... Deposits: Member _hank Government .. Foreign bank . Other deposits Total deposits ...... Deferred_availability items Capital paid in reserve account plus 11 other Tiabiitties . Total labilities . iee. 5.004.354 Ratio of total reserves to deposit and Fed- eral Reserve note liabilities combined, 68.5 per_cent Contingent liability on bills purchased for foreign correspondents 272.835 New York Banks. NEW YORK, September 27 (/). — The statement of the condition of the Federal Reserve Bank at the close of business September 26 shows: Total zold reserves . Total reserves ... ..... Bills discounted secured ed States Government Tgations .............. Other bills discounted . Bills bought in open market Total United States Government £809.243.000 834,038,000 b war ob- BBCULILIBE o.ovivos. iensinioas 53,941,000 Total bills "and " totai "’ United States Government securities.. 50941.000 Total bills and securities ....... 467.909.000 Uncollected items ......... 151,228,000 Federal Reserve notes in actual z circulation . 335,178,000 Due to membs count .. 888,308.000 Total deposits . 901:697.000 Ratio of total reserves to deposit and Fed- eral Reserve note liabilities combined, 67.4 per cent. elailin SILVER QUOTATIONS. NEW YORK, September 28 (/P).—Bar silver, 57 Mexican dollars, 43'3. MENU PEAS Are sifted early variety peas with a Tikable flavor. Ask your grocer. JAMES M. DENTY Wholesale Distributor Y ST DAY TS A STAR, WASHINGTO D. T, FRIDAY, SEPTEMBER 28, 1928. RESERVE BODY SEES INDUSTRIAL GAIN Output for August Highest for Any Preceding Season, Survey Shows. An increase in industrial and trade activity throughout the country and a further advance in wholesale commod- ity prices were reported yesterday by the Federal Reserve Board in a review of business conditions for August and September. Outstancing Reserve bank credit in- creased in September due to scasonal demands for currency and credit, the board said, while the general level of commodity prices reached the highest point in n 1y two years. Money rates remained firm during the two months, its_survey added. The output of manufacturing plan the report declared, increased consie erably during August, being larger at this season than in any earlier year Production of minerals also increased considerably, it said. Auto Production Record. “Automobile production was in rec- ord volume in August, and available 1 formation indicates that output was maintained by many producers at a high level during September.” the re- port, said. “Iron and steel production | continued large in August and Septem- | ber, and the output of nonferrous met- als increased between gust. been July and Au- Textile mill activity, which has somewhat reduced in recent also showed a substantial in- Factory employment and pay s have in d since Midsummer and in August were close to the level of a year ago. “In’ the building industry there was evidence of recession in a sharp decline after the carly Summer in contracts awarded, which were in smaller volume during August than in any correspond- ing month of any year since 1924. Commodity Prices Up. “The general level of commodity prices increased in August, and the Bureau of Labor statistics index, at 98.9 per cent of the 1926 average, was the highest in nearly two years. Increases in August were chiefly. in the prices of live stock and live stock products, which are now higher than at any time since 1920. “There were also small increases in fuels, metals and building materials. Grains and cotton showed sharp de- clines, and there were decreases also m hides and skins and wool. Since the 1st of September there have been some declines in live stock and meats and a sharp further decrease in cotton, while | prices of pig iron, copper and petroleum | have advanced.” Merger Denied. NEW YORK, September 28 (#).— Interests affiliated with Warren Foundry & Pipe disclaim knowledge of reported merger negotiations with A. M. Byers Co. Burchell’s Bouquet Coffee (Something Different) 42¢ 1b. N. W. Burchell 817-19 Fourteenth Street Tat %N 7:30 to 10 O’Clock In Our Newest Mid-City and N.W. also 7:30 to 10 O’Clock 1205 Good Hope Road S.E. Congress Heights 3121 Nichols Ave. S.E. as well as 1201 Pennsylvania Ave. S.E. PN T b TNTINTYNS AR v | COAL MERGER OFF. Virginia and*West Virginia Com- panies Fail to Agree. Special Dispatch to The Star. BALTIMORE, September 28.—The | (A8 proposed merger of bituminous coal companies operating in Virginia and West Virginia ficlds doned, it was reported here yesterday. Ninety-three companies signed the | tentative agreement, but about a third of them could not agree to the terms. The 93 companies _controlled more than 30,000,000 tons of the annual pro- duction in those fields. It was planned | to form a new company to acquire pron- erties worth upward of 000,000, which were to have been paid for in securities, and only sufficient financing to provide working capital was to have | been done. | Cheese Co. Deal Off. ®).— ches say the offer made Kraft-Phenix Cheese Co. to issue shares in_exchange for Class A and B shares of Southern Dairles, Inc., has been withdrawn and stock of Southern Dairies deposited under the plan has been refected. Sufficient stock had not been received to give Kraft 85 per cent of each class of Southern Dairies stock. NEW YORK, September 28 Chicago_disp: by | Make this Open House Tonight COMPLETE FOOD STORE 1105 N St This Sanitary Store has: been completely remodeled and a modern “Sanico” meat market has been installed. This store now embodies three separate and distinct departments, viz., a meat department, a fruit and vegetable department and a grocery depart- ment, offering, of course, only the finest foodstuffs in each department. You'll find it now possible to purchase your entire table needs under one roof—necessitating one stop only. Drop into this new store tonight and see the modern fixtures, with the electric refrigerated meat boxes and other up-to-the-minute improvements. .» Open House Tonight In Two Other Recently Remodeled Stores Anacostia SANITARY GROCERY CO. Inc. Your Base of Photographic Information and Supply No matter what you may need in the photographic line, you'll surely find it here. Films,Kodaks, Brownies, Ciné- Kodaks, accessories. Our system of stock-keeping enables us to carry a stock that is fresh and complete in every detail. Developing, printing and en- larging of the superior sort is our specialty, and here you'll find your pictures ready for you on time, every time. But that'snotall. We're glad to give you all the advice our long and specialized experience can offer. So drop in often — whenever you want. Make this your Kodak Headquarters. Etcheraft Enlargements our specialty. Ask to see samples. Eastman Kodak Stores, Inc. 607-14¢h St., N. W. AR IMIENANCY. -~ X (VASALA o R ("\'o 'I!’ RSEULE io has been aban- | Market in Every Piggly Wiggly Store Office and Warehouse 1845 4th St. N.E. These Prices Prevail in Washington and Suburban Stores Market in 24 Sanitary Stores New and Seasonable Items In Our Fruit and Vegetable Departments Tokay Grapes 3 Lbs. 25¢ From California TOKAY GRAPES FROM CALIFORNIA. During this National Grape Week we are able to offer you the finest quality Tokay Grapes which we have had this season. Great big bunches of delicious, ripe fruit in the finest conditicn on sale at our stores at a remarkably low price during this National Grape Week. Malaga Grapes, 3 Lbs. 25¢ From California MALAGA GRAPES FROM CALIFORNIA. Just at the moment Malaga Grapes are not plentiful. However, we have just unloaded from California a shipment of these delicious green grapes which are in a fully matured condition and, we believe, will please your taste more so than any others we have offered you this season. You will find, that these being raisin grapes, they have already started to turn the brownish color; but for sweetness and general deliciousness we believe you will much prefer them to those which we ordinarily sold but which are not so fully matured. We are offering these during National Grape Week at a most attractive price. Sweet Potatoes, 8 Lbs. 25¢ From the Eastern Shore We are now in the height of the season and are offering you the famous RED STAR BRAND SWEETS as marketed by the Eastern Shore Produce Exchange. In asking for sweet potatoes be sure and tell the clerk that you want the RED STAR BRAND, as we also have, in many stores, potatoes grown in the immediate vicinity of Washington. This famous RED STAR product has made a place for itself in the estimation of those who like good sweet potatoes, and we now offer them to you at a price that looks extremely low to us. ranberries From Massachusetts We have just received the first shipment of cranberries. be delighted to know that cranberries are again available. Lb. 19¢ ‘Thousands of our patrons will We have arranged to sell cran- berries in quantities as small as one-half pound, and you need not hesitate to ask for a dime's worth of cranberries, as we are more than glad to sell you this quantity. Years ago cran- berries were sold on a basis of a pint or a quart, but it is no longer permissible to sell except by weight. Cranberries are on sale in all of our stores and we shall be very glad to supply vou just as you want them. We wish to remind you, however, that a half pound of cran- berries is about the equal of a pint, and a poufid is, of course, approximately equal in quantit: to a quart, Considering the cranberry market as it is today, our price is very attractive. Other Fruits and Vegetables It is our endeavor to offer our trade everything that can be secured which is seasonable and which is in the best condition to be marketed. We offer, as a suggestion, below a list of some of the most desirable items now being offered in our stores, and we suggest that when you next visit our store nearest to you that you carefully look over this assortment, as there are many desirable items which will, no doubt, appeal to your buying sense: Red Star White Potatoes, 15 ™ 25¢ New York State Cabbage... . .™ 4c Yellow Onions. . . ......4"™ 23c White Onions. . . .......4"™ 25¢ Iceberg Lettuce, hd., 10c and 124¢ Y . New York State Celery . . 3 *** 25¢ Grimes Golden Apples. . . . 4™ 22¢ Délicious Apples. . . ... . Jonathan Apples. . ... .. .4" 25¢ Western Bartlett Pears. ... 3™ 28¢ New York Seckel Pears . . .3 ™ 25¢ New York State Carrots. . ... ."™ 5¢ Colorado Cauliflower, hd.,25¢ to 35¢ New York State Damsons . . 4 ™ 25¢ Today and Tomorrow Only Bulk SUGAR 10: 59 —Special— FORD’S PRESERVES Per Jug —Special— GOLD MEDAL BUCKWHEAT Pacific Coast ‘White —Special— GALLON OF VINEGAR 43c Just Try SANICO Selected White EGGS 62°pox. —Special— MA BROWN Sweet Dill PICKLES —Special— P&G SOAP 6 - 23c FOR THE PANTRY! Van Camp’s Kidney Beans . . .*" 10c Campbell’s Pork & Beans. . ."" 10c Ritter Pork & Beans. . . . .3 '™ 25¢ Bean Hole Beans.. . . ... . .2 """ 25¢ Black-Eyed Peas. . . ......" 10c A-1 Stringless Beans. . ... . ."" 25¢ First Prize Nut Margarine ... ."™ 25¢ Maxwell House Coffee. ... . ."™ 49c Orienta Coffee. . .........™ 49¢c Sun-Maid Raisins . . . ... .27 25¢ Libby’s Sauerkraut. . . . . ."" 121%¢ Libby’s Sauerkraut Juice. .. ." 15¢ Today and Tomorrow Only Van Camp’s MILK TALL TINS 3 W 28¢ See Our Adjacent Advertisement Inviting You to Inspect Four Complete SANICO Food Stores TONIGHT In Our Meat Departments Milk Fed Roasting Chickens . . . . . Lb., 48¢ A-1 Quality Fresh Hams . . . . . . Lb., 35¢ A-1 Quality Fresh Shoulders . . . . Lb., 30c Two Very Special Values Genuine Leg of i LAMB Oul‘;rice 35 cLb. Pork Loin ROAST ouPrrice 34cLb. 325 " AN L) - MRS ISAZA L