Evening Star Newspaper, October 16, 1928, Page 13

ARSHIP INDUSTRY TOADU.S.TRADE Qerial. Engineers See Devel- : opments Following Arrival of Graf Zeppelin. BY J. C. ROYLE. €pecial Dispatch to The Star. *NEW YORK, October 16.—The suc- cessful transatlantic voyage of the Grat Zeppeiin marks a distinct step forward toward aerial transoceanic and transcontinental transportation of heavy express and freight. This was the opinion of the--aviation experts today. ‘There has not been for years any doubt as to the ability of the lighter- than-air ships to carry passengers and 8 moderate amount of mail. This also | is now true of the .heavier-than-air planes, But the transport of freight through' the air is merely in its in-| fancy. ‘The successful voyage has opened s wonderful new possible outlet for scores of American products in volume. Fach ship of<ithe Graf Zeppelli type has more'-than 60,000 square yards of cotton dloth. “The rubber industry s sure to bé strikingly affected in ifs various branches, from production of the smoked ribbed sheets in the Straits Settlements to the manufacture of gas envelopes in Akron, Ohio. While the Graf Zeppelin depended on hy n gas for 8 buoyancy, the completion of -the voyage and the de- velopments which will follow it surely’ will bring great activity in the develop- ment of new sources of helium supply. Helium s a non-inflammable gas pre duced frém petroleum and some miner- als which it 1s possible to liquefy. The present supply is limited and i found principally in certain sections of Texas. The German and English navigators of lighttr-than-air ships have always maintained that hydrogen, if properly used, WiS just as safe as helium, but the lattér has been used by the Gov- ernment’s airships in this country. and some erican engineers strongly ad- vocate use, It is motable that passengers of the Graf Zeppelin were not permitted to smoke, One other interesting develop- ment -from the trip was the use of Blau gas, a heavy hydro-carbon product used in the Zeppelin engines. This gas has the advantage that as it is used its Pplace, so°far as weight i5 concerne: , is taken by air. Where liquid fuel is used there is a tendency to lighten the &hip, Which might make the release of valuable lifting gas necessary to pre- serve stability. This has been ove come to some extent by the use in some &ir ships of the water recovery System,, Whereby water from the air takes the Place of the used gas. Automotive en- gineers all over the world are watching developments incident to the Blau gas. Alreadly the Zeppelin flights have had # wide effect on -pay rolls and employ-~ ::ente]la Lhke“rubbc'r centers. Two gov- tament, ships are now being con- structed in Akron by the Goodyear Co, and that corporation has a program of expansion of its plants which provides for the expenditure of at least. $10,- 000,000, The American Rubber com- pa.nxeke , many of them, branchiny into crude rubber producing field. ;Washipgt:on Stock Exchange ¥ SALES. 'small sizé, some ripe, 1.25a2.0f demand moderate, market weaker; New York, 12-qt. climax bas- kets Concords, §0a55; Z-gt. climax bass POULTRY DEMAND - IS REPORTED GOOD Meat Sales Slow in D. C. Wholesale Matket, Deal- ers Report. Continued warm weather has not been the means of incraesing whole- sale business, according to reports of dealers this morning. There was-a klow demand - for ‘'meats, dealers reported, while poultry dealers reported fairly good demands for chickens, ducks and keats, Z Fruit dealers continued to have at- tractive displays of all varieties of fruits. Peaches are getting scarce, and deal- ers expect they will be virtually off the market, before the close of the week. Grapes, pears and apples continue in heavy supply, prices quoted being what dealers term cheap to moderate. Dealers had fairly large quantities of late vegetables to offer the trade, prices being quoted as reasonable. Firm conditions of the butter and egg market were reported, prices con- tinuing unchanged. Prices of most com- modities this morning were practically the same as prices quoted yesterday. Today's Wholesale Prices. Butter—One pound prints, 4815a ;9‘2: tub, 47)224812; store packed, 0a32. Eggs—Fresh selected, 40a42: hen- nery, 50a52; current receipts, 40 cases; storage, 35. \ Poultry, alive—Turkeys, 35a40; Spring chickens, 238a30; hor 28a30; rooster: young, 60a80; old, 30, keys, 40a45; Spring chickens, 38a40; small, 38: fowls, large, ‘33a36; small, 30a32; Leghorns, 37; capons, large, 42a45; small, 30a35; ducks, 20a30; keais, young, 80a1.00. Meats, fresh killed—Beef, 22a27; veal, 25a26; lamb, 25a26; pork loin, 26a2i fresh hams, 25a26; fresh shoulders, 24; smoked hams, 27a28; smoked shoulders, 21a22; bacon, 22a24; lard, 1515, Live stock—Calves, 15; lambs; 13, Fruit and Vegetable Review. ‘The daily market reports on- fruits and vegetables, compiled by the Mar- ket News Service Bureau of Agricul- tural Economics, says: Apples — Supplies liberal; demand light, market about steady; boxes, Washington extra fancy Delicious, me- dium to large size, 3.50; fancy Delicious, medium to large size, 3.00a3.25; com- bination extra fancy and fancy Winter bananas, medium to large size, 2.50; bushel baskets, Maryland and Virginia U. S. No. 1, 215 inches up, Grimes, 1.25; few higher; Deliclous, 1.50a2.00; unclassi- fied, Delicious, 214 inches up, 1.00a1.25; mostly 1.00; Delaware U. S. No. 1, 21, inches up, Jonathas and Staymans, 1.00; few higher. Cabbage—Supplies moderate; demand moderate, market steady; New York, 90-100-pound sacks, domestic round type, 2.25; few, poor condition, 1.00a 1.25; Wisconsin, bulk or ton, Danish type, 45.00, Celery—Supplies Mmoderate; demand moderate, market, firm; New York, two- thirds crates, best mostly 3.00; some small size, 2.5082.75. ? Grapes—Supplies of ' Western stock Iiberal; demand moderate, market about Steady; California lugs, Flame Tokays, 1.4521.60; lugs Muscats, 75; Carignanes, 85a90; Eastern stock, supplies liberal, slightly 92 ,000 at 9234, Calpnis 5 tion Co.—9 at 105, 11 at Potomac Electric 6% pfd—2 at 11315, Washington Gas Light—5 at 100, 10 at 100, 7°at 100, 10 at l?, 10 at 100, 100 at 100, 100 at 100, Columbia Sand & Gravel pfd.—5 at 92, Mergenghaler Linotype—10 at 100%.. National Mtge. & Inv. pfd—40 at 5%, ® 60 l“ 5%. o ‘eoples Drug Stores pfd—6 at 118, 10 s 5 Capital Traction 55—$500 at 10034, Was| n Rwy. & Elec. 45—$1,000 at 4 AFTER CALL. Cn[:,i;ll Traction Co.—30 at 105, 20 at 1 Second National Bank—100 at 270. Mergefithaler 10 at 100%, T0! at 1003, 1036 1003, as| Gas 65 “B"—$100 at 1057, “Farms Dairy pfd.—20 at 10815, Gas Light—20 at 100, Traction 55—$1,000 &t 100%, 1003, Potomac Electric 6% pfd.—5 at 1134, Money=:08ll loans, 5 and 6 per cent. Bid and Asked Prices. T BONDS. PUBLIC UTILITY. Bid, light, market steady. :(etsmconcords. Niagaras and Delaware, 7218, % Lettuce — Westérn stdck, Supplies moderate; demand light, market steady. California, cretes, nfi‘efie 45 lozen, 4.50. e Onions—Supplies light; demand Michigan and Indiana, 100-pound sacks, yellows, U. 5. No. 1, medium to large size, 4.00; Michigan, 100-pound sacks, yellows, U. 8. No. 1, small to medium size, 3.50. Pears—Supplies light; demand light, market steady. Washington, boxes, ‘Bavtletts, fancy, medium to large size; 3.2623.50; New York, bushel baskéts, Seckels, No. 1, 2.00a2.50., - Potatoes—Supplies. moderate; demand moderate, market steady. Pennsylvania and New Jersey, 150-pound = sacks, round whites, U. 8. No. 1, 2.00a2.25; mostly 2.0022.15. Sweet potatoes—Supplies moderate; demand slow, market dull, few sales. Nearby Maryland cloth-top barrels, yel- lows, No. 1, 2.25; bushel baskets, Nancy Halls, No. 1, 1.00. H Carrots—Supplies moderate; demgnd light, market about steady. California, ;Vse':tem lettuce. crates, bunched, 3.25a Grapefrult—Supplies- light; demand light, market steady. orida, boxes, Brights, 6.35a6.50. Tomatoes—Supplies moderate; He- {mand moderate, market dull. Califor- b Elec. Wash. Rwy. & Elec. gen. 66 : MISCELLANEOUS, Barbér & Ross, Inc.. 635 Chestaut Farms Dairy 6 Cheé, hase Club 5128 STOCKS. PUBLIC UTILITY. Riggs 3 Seccr ;! National Bank 'of ‘Wathington TRUST COMPANY. American Sécu . 450 b T i Union Trust Washington Loan' & Trist. BAVINGS BANK. L, . hington Mechanies ..l FIRE INSURAN Amerjcan . Corcaran Firemen's “.0 ") National Uhion " 5 TITLE INSURANCE. Columbia Title Insurance. Real Estate ... Chestnut Farms y Chestnut FParms Dairy pfd. Commercial Natl Co. pfd.. D C, Paper Mfe. pfd Dist. Natl. Securities pfd ol Band_ & Cra 1 Federal Storage pid Federai-Amer. Co. co e ca Canadian Nat. R Grand Trunk of Can. 6s 19: Gulf Oil of Pa. 55 1937. Humble Ol 5i.s 1932, Mass. Gas 5%s 1948, New York Tel. 65 19 Oregon Short Line 45 192 Pi N Si . B8 10 S c. R, R. Co. 4§ Stand. Oil New Jersey s 1 St. L. e E & M,/ Wheeling Steel Corp. 5725 1948, 100% vt Red Loan with draw Ger Gavt Red Loan x Hamburg 4728 191 Ger Gen Elect 81:5 pre.war. Ger Gen Elect 428 1019 3s, 3 1 C bri A lirg Amerioan Line HomR eorhian Lioyd 4128 Dar; Heyden Chem Mercur Bank ' Vieni nia, lugs, ripes, wrapped, 2.50a2.75; few sales high as 3.00; nearby Maryland, !2-bushel hampers, ripes, unwrapped, 2.00a2.25, SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & Co Alum. Co. of Amer 5s 1952, Amer. Tel. & Tel. 43 19: Avaconda Copper Bhito. & Ohio 4135 1933 Bab. Pet. Corp. 4l2s 1043 Beil Tel! of Canada 5s 19 nia Pet. Corp. 5125 1938.. wy. 418 1930 y. A3l 25 193 1967, . & R. 55 1957. las 1937, 948, 1029, & 8. Rwy. 4s 1929) 98%2 933 101 194407102 1948 108V ¢ GERMAN BONDS AND STOCKS.| Special Dispatch to The Star. NEW YORK, October 16.— Bid. Asked. o 8600 60.00 o n"‘ pfi:d Loan withou draw ctfs per 1.000 M.... 42 (Quoted i dollars per million marks,) 9 28,00 b. (Quoted in dollars’ 33 zoabactans, it e asaas Nor Ger Lloyd.. 3 ustrian A E G (Gen'Ei udolph Korstadt. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gald Selling checks valie (or bar). _foday. 34,8665 Pt 1) BobaEBER22800 Lo nBBuawii 33%33333333333 233333333373 London, pound THE EVENING :CANADIAN BUILDING BOOM. NEW YORK, October 16 (Specidl) — Canada is in, the midst of a building boom. Not & small one, but a big one! Toronta this year probably will double the record of 1927, in construction, with - total of about $60.000.000. Montreal will be far ahead of last year. Van- couver, ambitious to become the second city of Canada, -is seething with build- ing. gossip and with real construction, too. The boom has been on its way for three years. It is not through yet. Her citizens are returning to Canada, and the exodlis to the United States seems, at least for a finie, to have stopped. Several cities now repart a shortage of homes. Woodstock, London, Hamilton and Galt are four. City real estate values have soared. London, downtown values have doubled in the isst few months. Steam shovels are hard to get for excavation work. Saskatchiewan, center of the wheat belt, {will so0'1-Be. the motor manufacturing |center of the West. Turner Valley, Al- berta, may be Canada’s future oll sup- ply center. The railroads are branch- ing but and building extensions. The East is busy. and the West is, too with a record crop. (Copsrighit; 1928, hy North American News- vaver Alliance.) General Electric Co. Orders. NEW. YORK, October 16 (). —Orders received by the General Electric Co. for the three months ended September 30, amounted to $90.328,666, compared with $77.420,263 for the corresponding quar- ter in 1927, President Swope announces, For tke last nine months orders amounted to $260,686,463, against $233,- 076,091 for the first nine months of last yesr. Pority Bakeries Earnings. NEW YORK, October 16 (#).-—Purity Bakeries Corporation, which has ab- sorbed two other chains recently, earned $4.63 a share on 493,382 common shares in the 49 weeks ended October 6, against $3.27 o1 421,652 shares, equal to 210.826 class P shares in the same period in 192' ily will enjoy. J'IM start in on any room in the house—with beantifal Daco: In a little while, what 2 wondeeful change youmake! Here is color, gaiety—a new “livableness™ the whole fam. STAR, WASHINGTON, Commodity Notes ‘Wool. FORT WORTH, October 16.-—About 1,000,000 pounds of one-seventh of the mohair clip of Texas has been sold to date, or contracted for, The high prices to date have been 64 cents for mature hair and 74 cents for kid hair. Rice. SACRAMENTO.—Excellent weather conditions are heiping the California rice orop, which already is heavier than anticipated and will ruh between 3,- 225,000 and 5,250,000 bags, with a mil- lion bags carry-over, Prices have slumped, with Japanese bids around $2 for No. 1 new crop’paddy. ) Cotton, ATLANTA.—Weather has helped the opening of cotton in the northern part of the Southeastern belt, although pick- ing will be later than usual. The in- clination of planters to hold their cot- ton for better prices has. hurt retail trade in rural communities. Steel. PITTSBURGH.—Steel miljs are work- ing at around 90 per cent, an unpre- cedented rate for this time of year. It is believed the production for the year will be 6 to 8 per cent above any record annual period. Fruit. PORTLAND, Oreg.—All Northwestern dressed prunes have been eagerly snap- ped up. The foreign markets have been a decided factor in the situation this year. Prices are firm for standatd grades. . Goodyear Tire & Rubber Offer. NEW YORK, October 16 (#).—Good- year Tire & Rubber common stock- holders of record October 29, are offered right to subscribe to additional stock at 50 a share on the basis of one share for e four held. NEW DRUG STORE CHAIN. BALTIMORE, October 16 (Special). —A group of bankers headed by Ham+ bleton & Co. has underwritten 65,000 shares of preferred stock and 32,500, shares of no par value common stock of the Lane Drug Stores, incorporated under the laws of Delaware. The com- pany has been formed to operate a chainof drug stores in the Southern States. It has been capitalized with 200,000 shares of no par value cumu- lative preference stock and 250,000 shares of no par value common stock. ‘The chain i3 said to be the first com- prehensive drug store chain organizet in_the Southern States. ‘The company will. immediately take over 20 stores in Atlanta, Ga.; 16 stores in Jacksonville, Fla, and 11 stores in Knoxville, Tenn. Many of these stores comprise smaller chains, ‘while the rest Is thade up of individual stores brought into the chain. NEW YORK PRODUCE MARKET NEW YORK, October 16.—Concord grapes in 12:quart climax 'Baskets sold at_45a5215, principally 47'5a50. Bushel baskets of unwashed State carrots peddled out at 1.37'5a1.50, while washed stock brought 1.75a2.00. West- ern rew crop bunched carrots sold at 2.0024.25 per crate, Jobbing sales on bulk white Danish cabbage were made at 40.00a43.00; do- mestic brought 38.00240.00. Celery, rough, two-third crates, wholesaled at 2.50a3.25 for good to fancy and 1.00a2.25, poor to fair. Big Boston lettuce in crates of two dozen heads sold as high as 2.25 and as low as 50. Western Iceberg brought 4.0025.00. STEEL PLANT IS ACTIVE. BALTIMORE, October 16 (Special). =-The {)la.nt of the Bethlehem Bteel Corporation at Sparrows Point is more active than it has been at any time in more than a year. The company has substantial orders on its books and in- dications are that the mills will operate at near eapacity until the end of the year. A linle DUCO L and presto. .you've caught winter & multitnde of objects in your home can be' transformed to your beart’s desire with this wnique finish: There’s no inconvenience or delay. In 4 few miantes tbe Duco i dryl See the:Duco deslet today: You yourself can apply Duco easily, quickly. Use either brush or coavenient hand- sprayer. Chairs, tables, beds— furnitare old and new—this DUCO—Easy touse. . Dries quickly There are 22 popular Duco colors, four: stains, gold and alumioum, and the trans- parent Clear. W HUGH REILLY CO. DISTRIBUTORS Paints for Every Purpose—Glass for Every Need 1334 N. Y. Ave. Phone Main 1703 DuPont DUCO Is Sold By the Following Dealers: Q'DONNELL PAINT CO_ 3208 PEOPLES nmw‘n‘:" | | ERANI V. | SEIGE H. WOLF . 2 IN NEARBY MARYLAND: DUDR 23 NS HARDWARE & SUPPLY (O, SERVICE HARDWARE CO., No. 1 SERVI RE_CO., (CE HARDWARE, CO., N SERVICE HDWE. Ct . | LAWRENCE TURV] vatistown se W ibgi:“fix?‘n%?fl% WARD BRO" noln i 2 : g{gulil;:l-\RBY VIRGINIA: ARDWARE CO ByBRSR'LBR GERMANTOY . |R. D. GRUND..... UNE ERCE. S| FALY . G P iattaville E:éolefi¥g OR w;‘i’:fi?&‘; UPPLY 00’ . Phone North 514 @& Trained instinct is responsible for the choice of Pierce-Arrow by men who lead the professions! ... the doctor a Piercejqrrow” drives A famous physician of the old school tells of keeping a Pierce-Arrow for his family, but making a lesser car serve his professional needs. That was before he discovered the critical tendencies of today’s generation. “So now,” he sagely observes, “the doctor drives a Pierce- Arrow.” Thus, everywhere is Pierce-Arrow . bracketed with excellence. And men alert to the value of impressions are mldngaéaadvama.géof present Pierce- Arrow offerings. Today’s prices represent the tarest values in the fine car field. The entire new line, in all its modern beauty of design and equipment, is offered with- $2475 70 $7500 (AT BUFFALO) t ar at out reservation. “Pierce-Arrow Prestigé Justified by Pierce-Arrow Perfection’ - DAVID S. HENDRICK Ontario Garage, 1700 Kalorama Rd. 1141 Cenn. Ave. North 2686 John P. Agnew & 728 14th Street., N. W. lain 3068 American Ice Co. . 1320 F Street, N. W. Phone Main 6240 Brookland Coal Co. Michigan ANn. &B. & 0. Phone Decatur 180 J: Edward Chapn 37 N. Street, N, W. Phone North 3609 J. E. Colliflower & Co., Inc. 1001 mfim&. Phone Lincoln 450 Dickey Brothers 1447 Maryland Awe,, N. E. Phone Lincoln 6645 C. H. Fishbaugh & Son 1330 14th Street, N. W. Col. 8728 Service Station FINEST FUEL BELO' you'll find the names of coal merchants who sell Famous Reading An- thracite. From them you can get this cleaner, more carefilly sized Pennsylvania hard coal —nature's finest fael. Fires of Reading Anthracite will give you sootless, smokeless, long-burning, econom- ical heat all winter long. It will keep your home at the temperature you like through- out the coldest days or during the warmest thaws. CallaFamous Reading Anthracite dealer. Order what you need. You'll get cleaner coal carefully delivered. LARS o Phone Lincoln 133 Griffith-Consumers Co. 1319 G Street, N. W. Phone Franklin 48 W. H. Heasick & Son _ 14th & Water Sts., S, W. Phone Franklin 8127 o) e, hmmifl. MMCMICV” 1 E Street, N. W, P Main 311 Geo. M. McCulloch 3rd & P Streets, N. W, Phone North 2993 #ébn.lhmlijohn b Phone Georgia 621 David Melnick 1116 W Street, N. W, Phone North 1988 Famous READIN G Arnacit Rinaldi Bros. ° 2145 Georgia Ave., N. W, Phone North 1600 Phone Fran Southern Bldg. Su Co. 6000 Blair R::d. Nw. Phone Georgia 500 L. P. Steuart & Bro. 138 12th Street, N. E. Phone Lincoln 1203 1519 m."' . We Phone Nma B. J. Werner P Tt Suburben Thomas W, Perry a1 C.nfi_An-‘. Chevy _ Phone Wisconiin 2600