Evening Star Newspaper, October 26, 1928, Page 16

MARNE PRODUCTS [DISCOUNT ELECTON MEET READY SALE] BLOW T0 BUSINESS Crab Supplies Dwindle at D.|Leaders of Trade Feel Only| C. Market—Trout Is Temporary Lapse Will Plentiful. Follow Vote. BY J. C. ROYLE. Special Dispatch to The Star, There was the usual increased Friday. morning demand for marine products evidenced at Municipal Fish Market this morning. weather ches. It was reported that the season for soft crabs is about over, very few of them having been received the pas few _days. $3 and $4 a barrel, Trout, more plentiful than other fish, sold from 5 to 12 cents a pound. Very few white perch were to be had, the few reaching here the past few days having been very small. Rockfish were quoted at 20 and 25 cents, bluefish at 20 cents and flound- ers at 14 and 15 cents. Halibut sold at 25 and 30 cents, and salmon at 30 cents. Cool weather had the effect of in- creasing the demand for oysters, prices returning to $2.25 for standards and $2.50 for selects, prices that prevailed during the earlier cool spell. Dealers along the country line learned | aple, ~There is ample money to finance of heavy frost in the nearby country | jegitj 20 Bon eCTOR NOORES [ T . [t ing to reports, much damage was done, last night. tomato plants being the hardest hit. Commodities of all sorts were plenti- ful enough this morning to meet de- mands, prices being substantially the same as prices quoted yesterday. Today's Wholesale Market. Butter—One-pound prints, 431:a4913; tub, 471:a481,; store packed, 30a32. Eggs—Fresh, selected, 45a48; hen- nery, 53a55; current receipts, 45; stor- age, 35. Poultry, alive—Turkeys, 35a40: Spring chickens, 31a32; Leghorns, 27a28; fowls, 23a30; Leghorns, 22a23; roosters, 19a20; keats, young, 60a80; old, 30. Dresse Turkeys, 40a45; Spring chickens, large, 38a40; Leghorns, 27a28; capons, large, 42a45; small, 30&;}5'. ducks, 20a30; keats, young, 80a1.00. Meats, fresh killed—Begf, 20a25; veal, 20a25; lamb, 25a28; pork loin, 28; fresh hams, 24a25; fresh shoulders, 25a 28; smoked hams, 27; smoked shoulders, 22; bacon, 20a22; lard, 14al6. Live stock—Calves, 15; lambs, 13. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market New Service, Bureau of Agricultural Economics), says: ‘Apples—Supplies | liberal; _demand light, market steady; boxes, Washing- ton, extra fancy Delicious, medium to large size, 3.50; fancy Delicious, 3.00a 3.25; bushel baskets, Maryland and Vir- ginia, U. 8. No. 1, 2% inches up, Grimes, 1.25a1.50; 23-inch-3-inch , Staymans mostly 1.50; U. S. No. 1, 2% inches up, Delicious, 1.15a1.25; unclassified, vari~ ous varieties, 75a1.00. Cabbage—Supplies moderate; demand moderate, market steady; New York, 90- d— Receipts were not so heavy, dealers reported, the change in conditions having affected Hard crabs also are not coming in such large quantities, and dealers this morning quoted them at NEW YORK, Oetober 26.—The period of post-election storms is due along the business coagt in about 10 days. r| This period is much like the period f| of the equinox except that it comes t | only every four years. ‘There may be no storms at all, but past records indicate that some dis- turbance is due no matter which candi- date is elected. The trend of business already is so strong that any change would seem likely to be toward reces- sions. Even if these recessions come, their continuation will scarcely be longer than the regulation equinoctial period. For the favorable elements in the busi- ness situation far outnumber those un- favorable. The possibility of storms, therefore, is mentioned not to alarm the business public, but to reassure the business world against taking them too seriously. Sign of Prosperity. ‘The favorable factors are unmistak- needs despite the flow of capital into the call-money market. The crops have been abundant and moved without stress or credit difficulty. ‘The car loadings of leading railroads have been and continue at & high level, and every car loaded with grain which comes to terminal market points is going back loaded with manufactured goods for the Fall and holiday trade, On the other hand, there are some weak spots in the arguments of the optimists. Not all industries are on a satisfactory footing. This is scarcely to be expected. But the danger seems to lie in the speculative stock, grain and cotton markets, in some of which pros- pects haye been discounted many times over. Profits in many concerns will not live up to present price levels, A drop| in the stock nierket might have a' momentary effect derogatory to busi~ a’gx:. but this would not continue for The larger individual industries are in strong positions. Steel production is hovering around 90 per cent. That means at a figure which can be estimated at betwene 110 and 120 per cent of post- war capacity. The railroads are buying fairly well, the automobile industry is a sound mainstay, the building activity of the country is being hampered only by the exploitation of ignoramt workers and the oil industry is taking materials sl*g:c l:.s‘ I‘d‘i::g as produced. ul laborers are being mis- treated in some instances. ’I‘h:lg writer recently interviewed a crowd of foreign- born workmen hired as lathers. They said they paid $10 down to the em- fiobymfic s‘og‘m' ':lg more on gem.ug a cents for eve lathes placed. SR Automobile production is now more THE EVENING STAR. WASHINGTON, D. ©; FRIDAY, OCTOBER 25, 1928, ; activity among the consumers will con- tinue well into 1928. Oil has benefited from- extraordinary consumption of gasoline. Radio will have one of the greatest years in the history of the industry. The electrical equipment trade is boom- ing, and some of the large manufac- turers are hanging up record sales fig- ures. ‘The amalgamation trend has hit aviation, with results- which seem likely| to be beneficial. - The general volume of retail and wholesale trade is likely to break all records for pre-holiday dis- tribution. VIRGINEAN RAILWAY . EXTENSION IS PLANNED By the Assoglated Press. NORFOLK, Va,, October 26.—Direc- tors of they Virginian & Western Rail- way, & stbsidiary of the Virginian Railway, haye authorized the building ot a 40-mile ¢xtension of the road from Elmore to Gilbert, W. Va., at a cost of $7,500,000, - Officials ¢f the route said the route through the Guyandotte River Valley will open go ‘the Virginian Railway 0" tops of coal ip & territory A T that has not yet been touched by any railroad line. Bids will be asked within a few days on the first 15 miles of the line from Elmore to Pineville, county seat of Wyoming County, W. Va., and this stretch is expected to be completed by July next year. The remaining 25 miles, which will include five tunnels, will not be started until Winter breaks, officials said, and 1‘;”1: on this construction will be asked . The Virginia & Western Railroad will connect at Gilbert with the Logan branch of the Chesapeake & Ohio and with a branch the Norfolk & Western is authorized to build from Wharnclift to Gilbert. C. H,Hflxrreddzntotmevimmlm Rafiway and its subsidiary, in announc- ing the authorization by the board, expressed the opinion that the new extension to Gilbert was the beginning of a new Virginian expansion and while no further extensions in the direction of the Great Lakes are now anticipated, the new line is looked upon as a start toward giving the Virginian an outlet to the West and Great Lakes. o New York Protestant Episcopal Church of the Ascension operates a religious school each week day morning. BUY BALTIMORE STORES. Merrill & Lynch, D. C. Operators, Purchase 65 in Chain. BALTIMORE, October 26 (Special).— Merrill & Lynch, who control the Piggly Wiggly and Sanitary stores in Wash- ington, have acquired the 65 chain stores owned by Knoblock Bros, Inc., of this city. ‘They plan to expand the number of Baltimore stores to 200 or more. It is said that the amount involved in the purchase is about $500,000. In addition to the Washington stores, “The Style Observer” says:— The peaked lapel sack coat [double-breasted vest] was the prime favorite with the smart gallery which turned out to watch America’s Big 4 battle the Argentine polo team. The smarter topcoats were boxy, full- draped effects, with overplaid markings. the Merrill & Lynch the Safe Way stores in Lumber Shipments. NEW YORK, October 26 (#).—Steady shipments accompanied by slight dee clines in production and orders wers outstanding features of the lumber movement during the week ended Oce tober 20, as compared to the previous week, ref to the National Lumber Manuf: 883 leading hard and softwood mills dise close, The Smart Styles Always Cost Less 100 Ib. sacks, domestic round types,|than 20 per cent higher than it was a mostly 2.25; Wisconsin, bulk, per ton,|year ago, and the industry is entering Danish type, 2.15a2.25. a last spurt of production before fac- Celery—Supplies moderate; demand | tories are busied with production of light, market steady; New York, 2-3|new models for the January shows. crates, 2.75a3.00. Employment in Detroit is 50 per cent Grapes—Supplies lberal. Western) heavier than a year ago. The only stock: Demand light; market slightly | danger in the situation which shows e — weaker; California, lugs Flame ‘Tokays, 1.25a1.50, few higher; lugs Alicante Bouschets, 140a1.50. Eastern stock: Demand light; market about steady; New York, 12-quart climax baskets Con- cords, 45250, few 55; 2-quart climax baskets Concords, best stock, 148 15; holdovers, fair condition, 10a12. Lettuce—Supplies light; demand mod- | lead and zinc erate, market steady; California, crates Tceberg type, 4-5 dozen, mostly 5.50. Onions—Supplies light; demand light, market steady; Michigan and Indiana, 100-] d sacks yellows, U. 8. No. 1, medium to large size, 3.75a4.00, mostly 4.00. Pears—Supplies light; too few sales reported to quote. Potatoes—Supplies moderate; demand light, market firm; Pennsylvania, 150- pound sacks round whites, U. 8. No. 1, 2.00a2.15; Michigan, 150-pound sacks Russet Rurals, U. S. No. 1, 2.15a2.25. Sweet potatoes—Supplies moderate; demand light, market steady; nearby Maryland, hushel baskets, Nancy Halls, No. 1, 1.00a1.25. Caulifiower—Supplies liberal; demand light, market slightly weaker; New York, pyramid crates, fair quality and condition, 1.50a2.00; Long Island crates, 2.50a2.75. » Carrots—Demand light, market dull; California, Western lettuce crates, bunched, 3.00a3.25. ‘Tomatoes—Supplies moderate; de- mand light, market steady; California, IZU';ZSS' ripes, wrapped, 2.50a3.00; mostly GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, October 26.— Ger Gt Red Loan with draw - ctfs att per 100 55.00 Ger Gt Asked. 60.00 5 30.00 25. Dre-war. Hamburg 35, 3125 & 43 Dre- Hamburg American Line 4 North German Lioyd 4325 Krupp 5s 1921... Dusseldor?! 45 Dré-wi Frankfort a-M 4s DI Munich 45 pre-war....... (Quoted in doliais "er sha 6.00 1.00 32.00 2.00 100 0 7 22283888 2 (Ger_Gi c. A E G (Ger Ge Elec) pid B... Commerz and Privat Bank. LG Farben 3 3 assasnass BobanI2LIE2522 L) 42 9. 43. 59. 38. 87. 39. § 10 3 3 4. 1 Heyden Chem .. Mercur_Bank Vienna. North German_Liovd. . " Austrian A E G (Gen Ei Rudolph Karstadt. 21 FOREIGN EXCHANGE. ‘Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks var). today. 333333333333 23333333333333 88! E . Londen, pound. Paris, franc 12382 10523% 19243, 12666 12665'% 267213 SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Ofter, 102 297 ki Bid. Aluminum Co. of Amen 55 1952 101% American Tel. & Tel. 4s 1 Anaconda Copper 65 1929 Baltimere hio 4128 19330 s 4las 1942, 58 1055.... . 5158 1938, oes California_Pet, Canadian Nat. . 4175 1930. Canadian Nor. R 5 Chesa. & Oh W 5 1935, hio Rwy. 4158 1030. Columbia Gas & Elec, § ] xing Co. Gen "Mot. Accep._ Corp. 65 1937 Gen, Petroleup Corp. 8s 1940.. 100 Goodrear T. & R. 56 . Gren Ceniada g5 19360 Peun. Ss 1937. oif, g Pac. s §929 " iL'N. Jersey bs 1946 Ry. 45 1920 9 ! Co. Calif. 5 1935 ing Co. 528 Rev. hee Prederi: is the extremely high trade-in value given used cars by dealers who handle some of the less prosperous makes, Copper Sales Above Normal. Sales of copper are well above normal, even at the present high level of prices, and the demand and price levels of are steady. The way in ‘which copper was bought indicates that Washington Stock Exchange SALES. Washington Gas 55—8$2,000 at 103. Potomac Electric 5%% pfd.—10 at 109, District National Bank—10 at 239. Lanston Monotype—5 at 114. Merchants’ Transfer & Storage 11 at 129. Mergenthaler Linotype—10 at 101, 20 at 101, 20 at 101, 5 at 101, 20 at 101, AFTER CALL. National Mtge. & Inv. pfd—80 at 5%, 90 at 53 com.— Mergenthaler Linotype—10 at 101, 20 at 101, 5 at 101, Georgetown Gas 55—$500 at 10215, Washington Gas 55—$500 at 103, $500 at 103, $500 at 103. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. 'Tel. & Telga. 4%, Amer. Tel. & Telga. 412 Am. Tel. & Tel. cti._tr. Anacostia & Pot. R. R. Ana. & Pot. c. Cap. City & Suburba Georgetown G Potomac Elec. Potomac Elec. 68 1953 ash., Alex. & Mt. V. ct Wash:, Balto. & Annap. 55. Washington_Gas 5s.. Wash. Gas 6s, series A & Elec. 45 Wash. Rwy. & Elec. gen. 8. MISCELLANEOUS. Barber & Roes, Inc.. 6%s Chamberlin-Vanderbiit - 61 Chestnut Farms Dairy 6: Cheyy Chase Club 5% p.c Wi ons. Title 6s.. Waidman Park Hotel 5ias. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Capital Traction . 5 pid.. wy. & Elec. co Wash. R 3 Wash. Rwy. & Elec. pfd Farmers ‘& Mechi !pd:rfl-Amt!‘lCan Lincoln *373:7 National Metrop Riggs ... Second National TRUST COMPANY. American Security & Trust Co. Continental Trust. ¢ Merchants' Bank Nationa] Savings Union Trust........ Washington Loan & Trust. .. SAVINGS BANK. Bank of Bethesda.. : ommerce & Saving East Washington Potomac .. Bec. Bav. & Commei Seventh Street..... S, Bavings Bank... Washington Mechaxnics. § FIRE INSURANCE. American . ! Corcoran Firemen's National ‘Union’ ...\ 010 TITLE INSURANCE. MISCELLANEOUS. Barber & Ross. Inc., com Chevy Chase Dairy pfd Chestnut Farms Dairy c Chestnut Farms Dairy Commercial Nat'l Co. i B O Baper Mis. pid Dist. Natl. Securi Col."Sand, vash. . Mtge. com.. Wash. Medical Bldg. Cor Woodward & Lothrop id. ~Ex-cizidand. ¢ That’s a statement covering a lot of ground, and we make it without any “ifs or maybes”! As retailers enly we could never dare say this—but as manufacturing retailers we guaran- tee it. We make the clothes we seli! We control every step —from the loom to you. We pay outside profits to nobody The money you spend here goes into the clothes— ail of ! % £ 2 % 3 ¥ ¥ ¥ % € F ¥ ¥ “Hi.Peak” [the sack coat “The Style Observer” mentions above{ proves it! It was designed for us by the most fashionable tailor on Fifth Avenue. It comes to you with every style detail as perfect as the original — the tapered coaiss, the rolling peaked lapels, the broad shoulders. It will show you why Bond clothes have changed the habits of over a million men. %25 535 *45 every suit with two trousers Topcoats and Overcoats Skinners Satin lined