Evening Star Newspaper, October 19, 1928, Page 13

TRADING IS QUIET AT D. . MARKET Warm Weather Affects Busi-: | ness of Fish Dealers. Vegetables Plentiful. Thactive trading was reported by wholesale merchants this morning. Receipts of most commodities were fairly large and prices right, according to reports of dealers, but retailers and consumers did not appear to take hold as usually is the case at this season. Municipal Fish Market was the scene of increased activity this morn- ing, although the warm weather had its effect upon trading. Dealers had large shipments of fish, oysters and crabs, it was reported, and prices were low. Greens in Good Supply. Along_the country line this morning dealers had heavy supplies of most va- rietles of vegetables, with the excep- tion of corn and lima beans. There were practically no limas on the line, |4, dealers reported, but the wholesale houses had some good stock from the Eastern Shore of Maryland. The Maryland beans, in pods, were fuoted at $8 a bushel, a high price for this season, and only a fairly active demand for them was reported. No shelled stock was received. Dealers had large quantities of the #everal varieties of greens that were offered at low prices. The supply was more than equal to the demand, how- ever, and dealers expected they would have to carry over some of their stock until tomorrow. Continued firm conditions of the but- fer and egg markets were reported, prices continuing unchanged. Slight changes in prices of poultry were reported, prices of other commodities being reported the same as prices quoted yesterday. Today’s Wholesale Prices. Butter — One-pound prints, fub, 47a48; store packed, 30a32. Fresh selected, 45a46; hennery, B0a52; current receipts, 40a42; storage, 85, Poultry, alive—Turkeys, 35240; Spring chickens, 28a30; Leghorns, 27a23; fowls, 28a30; Leghorns, 22a23; roosters, 19a20; keats, young, 70a80; old, 30. Dressed—Turkeys, 40a45; Spring chick- ens, large, 38a40; small, 38; Leghorns, 27a28; capons, large, 42a45; small, 30a35; ducks, 20a30; keats, young, B80a1.00. Meats, fresh killed—Beef, 22a27; veal, 25a26; lamb, 25a26; pork loin, 25a26; fresh hams, 24a25; fresh shoulders, 22a 23; smoked ham, 26a27; smoked should- ers, 21a22; bacon, 22a24; lard, 15)3. Live stock—Calves, 15; lambs, 13. Fruit and Vegetable Review. “The daily market report on fruits and fvegetables (compiled by the Market News Service Bureau of Agricultural Economics) says: Apples — Supplies liberal; light, market dull; boxes, Washington extra fancy delicious, medium to large size, 3.50; fancy, 3.00a3.25; combina- tion extra fancy and fancy Winter ba- nanas, medium to large size, 2.50; bushel baskets, Maryland and Virginia, U. S. No. 1, 2% inches up, Grimes, 1.25a1.50; 3 inches, few sales, 1.50; U. S. No. Jonathans, 215 inches, 1.50; 214 inches, 1.25; unclassified, various varieties, 212 inches up, 7521.00; Pennsylvania, un- classified Staymans, 23; inches up, 75 81.00. Cabbage—Supplies moderate; demand Yight, market steady; New York, 90-100- 1b. sacks, domestic round type, 2.00a2.25. 'Celery—Supplies moderate; demand light, market slightly weaker; New ‘York, two-thirds crates, 2.75a3.00. Grapes—Western stock; supplies lib- eral; demand light, market steady; California, lugs, Flame Tokays, 1.50a 1.75; Eastern stock, supplies liberal; demand light, market dull; New York, 12-quart climax baskets, Concords, 50; 2-quart climax baskets, Delawares, Con~ cords and Niagaras, 16al7. Lettuce—Supplies of Western stock moderate; demand light, market steady; Califarnia, crates, Iceberg type, 4-5 dozen, 4.50a4.75. Onions—Supplies light; demand light, mmarket steady; Michigan and Indiana, 100-pound sacks, yellows, U. S, No. 1, medium to large size, 4.00; Ohio, 100- 48249; demand | Michigan, pound sacks, yellows, U. 8., No.,1, me- dium to large size, 3.75; Michigan, 100~ pound sacks, yellows, U. S., No. 1, small to_medium size, 3.50. Pears—Supplies light; demand light, market weak; New York, bushel baskets, Seckels, No. 1, best, few sales, 2.50; fair condition, 2.00a2.25; bushel baskets, Bartletts, No. 1, best, 2.50; fair condi- t —Supplies moderate; de- mand light, market steady; Pennsyl- vania and New Jersey, 150-pound sacks, round whites, U. S., No. 1, 2.00a2.10; 150-pound sacks, Russet Rurals, U. S, No. 1, 2.25. upplies moderate; slow, market steady; FEast Shore Virginia, bushel hampers yel- Ilo(';\"]s, No. 1, 1.00a1.15; mostly around Cauliflower—Supplies moderate; de- mand light, market dull;Colorado and California, pony crates, 2.50a2.75; New York, Long Island crafes, 3.50. Carrots—Supplies moderate; demand light, market steady; California, West- ern lettuce crates, mostly around 3.25. ‘Tomatoes—Supplies moderate; de- mand light, market weaker; California, lugs, ripes, wrapped, best, 2.25; over- ripe, 2.00. Commodity Notes Flax, BROOKINGS, S. Dak., October 19.— The, yield of flax in South Dakota is below expectations, with a crop of 1,000 bushels of seed anticipated, gainst 5,940,000 a year ago. The vield is estimated at 7.1 bushels an acre, Silks. PHILADELPHIA.—The local silk mills and those located in or near the Wyoming Valley are reporting in- creased nterest by consumers in the lines of broad silks for next Spring. Oil. PALESTINE, Tex.—The Humble Oil Co. has brought in a gusher in An- derson County, and efforts to control the flow so far have not been suc- cessful, Rubber. AKRON, Ohio.—The General Tire Co. of Akron is going ahead with a $1,000,000 building program. The addi- tions will increase productive capacity 50 per cent. Sales this year are report- ed several million dollars heavier than those of 1927. Live Stock. CHICAGO.—Western ranges are en- tering the Winter with water and feed shorter than usual. Their condition is rated at 85 per cent of normal, as against 94 a year ago. Cattle, sheep and lambs, however, are in good flesh. Steel. YOUNGSTOWN, Ohio.—Steel making in the Mahoning Valley reached a peak never before equaled in the valley this week, with every one of the 51 inde- pendent open-hearth furnaces and the 15 corporation open hearths producing nearly 10,000 tons of steel a day. Of the 127 independent mills 115 are active. SRR Goodyear Plans Announced. NEW YORK, October 19 (#).—Open- ing of a branch tire factory in the South and resumption of dividends on common stock earlier than had been ex- pected will be made possible by the sale of additional Goodyear Tire & Rub- ber Co. of Akron common, President P. W. Litchfield wrote stockholders to- day. Common shareholders are offered 1, | the right to subscribe to the new com- mon at $50 a share in the ratio on one share for each four shares now held. —_—— POTATO MARKET DULL. CHICAGO, October 19 (#) (United States Department of Agriculture).— Potatoes—Receipts, 135 cars; on track, 432 cars; total United States shipments, 1,013 cars; trading rather slow, market dull. Wisconsin, sacked round whites, 50a85, mostly 70a80; Minnesota and North Dakota, sacked round whites, 60295, mostly 75a85; sacked Red River Ohios, 90a1.00; South Dakota, sacked Early Ohios, 80290; Idaho, sacked Rus- sets, 1.75a2.00; sacked Rurals, 1.30. PARIS BOURSE PRICES. PARIS, October 19 (#).—Prices were firm on the Bourse today; 3 per cent rentes, 66 francs 35 centimes; 5 per cent loan, 93 francs 75 centimes; ex- change on_ London, 124 francs 1915 centimes. The dollar was quoted at 25 {rancs 603 centimes. BUYING FURNITURE As You Instruct! We'll talk over the matter of THE EVENTNG STAR. WASHINGTON. A Smaller Short Interest. NEW YORK, October 19.--Some ob- servers of the market supported the theory yesterday afternoon that the short interest in the market is smaller than it was a fortnight ago and that the market because of this fact is in rather a weak technical sition, al- though admittedly it gives no outward evidence of it. The theory was that such a long account has been built up that a piece of unsettling news would bring a_resounding crash, because the market has not the cushion of a healthy short interest. There are certain spec- ulators always “reaching for the top,” GROWTH IN RETAIL BUSINESS 1S SEEN Temporary Slump Held Like- ly Immediately After Elec- tion Regardiess of ResuM. but they have been so soundly whipped in recent markets that most of them have turned to the bullish side as the aquickest and easiest way of making a living. On the other hand, the amount of stocks now being lent by the large brokerage houses each night does not | show much diminution. Merger Report Denied. NEW YORK, October 19 (#)—V. F.| Hovey, president of the General Ice | Cr Corporation of Schenectady, N. Y., denied today reported negotiations | of 'the National Dairy Products Corpo- ration to absorb his company. BY J. C. ROYLE. Spectal Dispatch . NEW YORK, October 19.—Indica-| tions today point fo the largest volume | of retail trade in the next two months that this country has experienced since the boom days of 1920. Then busine: was overinflated and unhealthy. T day it is based on sound economic ot ditions, high purchasing power and the | keenest kind of compefition, and is, therefore, thoroughly healthy. There is likely to come a decided slump immediately after the election, no matter which car ate is succes: ful. But the supporti factors ha sufficient buoyancy to lift business back to an extraordinary height in late No- vember and December. The satisfactory situation of retail trade, which, after al barom- eter of a count will not apply to all s In some parts of New Eng notably New | Bedford and the Maine manufacturing ation ranges from tain parts of the Sou canes and struck by conditions, probably the records of 1927 Some of the oil country still is re- flecting the unfavorable situation of | that industry. In other sections, how- ever, it is safe to predict a higher sales volume than a year ago. ! Steel mill activity is now 30 per cent | higher than at this time last year. The demand is coming from a widely varied | line of consumers and can be depended | on to continue, according to experienced steel men. The automobile industry, which absorbs more raw and semi-| manufactured products than any other line of endeavor, is hanging up new pr duction records for this season of year and will close the calendar pert: with a terrific output. The head of te Automobile Chamber of Commerce esti- mates the number of cars to be pro- duced at 4,610,000. Building construction. in spite of some setbacks owing to the diversion of fund: | to the call money market, is running 6 to 7 per cent heavier than a year ago, with a corresponding absorption of building materials, The farmers are due to make far more money than last sea- son. The composite crop prospect now is over 3 per cent higher than at this time last year, the relatively low prices of scme commodities being counterbal- anced by high yields. Live stock is counted on to yield producers 7 to 8 per cent more cash than in 1927. There seems no sign of abatement in the activity of the chemical works, auto accessory plants, cigarette factories, the production of electric power and of manufactured gas, the machine tool tra‘t‘ie and copper production and fabri- cation, hit by hurri- avorable trade will not exceed Improved Railroad Earnings. NEW YORK, October 19.—A better rate of return on the aggregate invest- ment is predicted by most railroad com- panies this year in view of the gains shown by raiiroad net earnings since the end of June, which are now veing reinforced by weekly carloading figures. which are above those of 1926 as well | as those of 1927. That the net oper- | ating income for class 1 railroads as a | whole will be higher than in 1927 ap- | pears certain, although the figure is| expected to be lower than that for 192 which was the record year. Present i dications are of a moderate improve- ment in gross earnings this month and | that the final two months will contrast favorably with those of 1927. It is con- ceded generally that the September fig- ures, not yet reported, will show a gain. | Trading in Heavy Chemicals. NEW YORK, October 19 (#)—Trad- | ing in heavy chemicals has assumed | larger proportions, reflecting satisfac- tory conditions in most manufacturing industries, Chemical and Metallurgical Engineering announces. Strength in wood distillation chemical prices fea- tured the market, A Fine Watch The perfect marriage gift! In the eschange of gifts between the bride and the groom there is no more suitable present than a fine watch. Notably- among the complets se- lection of nationally famous watches here is a full line of the new models of BULOVA Watches. Sturdy, smart- looking, unfailingly accurate, that have all the qualities that make them ideal gifts for Her or Him. Examine these outstanding watohes here tomorrow! 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At a price like $19.50, it is wise to consider two suits. o Not in Years, Such a Value! $15—$17.95 Boys’ 4-Pec. Suits 10.95 IF you think it was easy to se- cure this value—or that it is easy to duplicate it—you are wrong. The fabrics are the newest (and the finest used in 815 and $17.95 suits). Each suit is wonderfully well made. All have .vests and 2 pairs of knickers. The wanted Greys and Tans of Fall are ViWbhmar s b b bt Dependable Electrical Merchandise Since 1900 714 12th St. N.W, Main 7320 TERMS with vou and make such ar- rangements as will be most agrecable, Fasy weekly or monthly payments... whichever suits you hest, 827-829 T7th St. N.W.