Evening Star Newspaper, November 1, 1928, Page 13

INCREASED OYSTER | SUPPLY FORECAST Trout, Rockfish and Perch on | Display at D. C. Mar- ket Today. | Cool weather has resulted in more attractive conditions at Municipal Fish | Market and in the scattered wholesale | houses handling marine products. | Opening of the scason for dredging oysters today promiscs increased sup- plies in the near future. It is said by dealers that increased | supplies of oysters may not mean a change in prices, the great bulk of the | stated, being ship- | ts. I jistant 1 and this | show | when ~ th: | Fish Supplies. | ed in large quanti- de, accord- what large quan- lower Potomac | and peint ke Bay sold at 10 and nd, rockfish from | the same piaces selling at 15 and 25| cents. g Small shipments found ready sa and the larger ones at low perch znd Fish were ties for the to dealer ed | of white perch | , the small ones at 7 15 cents. Yel- | d at 12 cents | a poun i E s that sold at 11 cents, jumping t 14, blues at 20 angd spotted cents. It is improbable that be any soft crabs to offer the rade tomorrow, and the few hard crabs being received are in slow demand. Season for the sale of rabbits in the District opened today. Heretofore, ac- cording to dealers, the opening of the season found many @ealers with sup- plics that were in demand. This morn- however, only one dealer had any rahbits to offer. He had only seven of them that were offered at 70 cents each. ‘They were trapped rabbits and were not lly good condition. ¥ruit and vegetable dealers had their usual_attractive supplies of commodi- ties. Poultry, butter and egg and meat dealers also offer attractive supplics. Frices today were substantially the same as those quoted yesterday. ‘Wholesale Market. Butter—One pound prints, 50a51; tub, 5 ed, 30a3 | sh, selected, 45a48; hennery, 53155; curren! ceipts, 45; storage, 33. Poultry, alive—Turkeys, 35a40; Spring chickens, 30a32; Leghorns, 27a28; fowls, Leghorns, 22a23: roosters, 19a20; keats, young, 60a30; old, 30, Dressex turkeys, 40a45. Spring chickens, 38a: Leghorns, 27a28; capons, largs, 42a small, 30a35; ducks, 28a30; keats, young, 8021.00. M , fresh killed—Beef, 20a25; veal, 20225; lamb, 25a28; pork loin, 28; fresh hams, 24a25; fresh shoulders, 25a28; smosxed 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 News Service Bureau of Agricultural Economics) says: Apples — Supplies - liberal; demand light, market steady; boxes, Washington, medium to large size, extra fancy De- licious, 3.25; extra fancy Jonathans, 2.50a2.75; extra fancy Romes, large very large size, 2.75; bushel baskets, Vir- ginia, U. 8. No. 1, 215 inches up, Grimes and Staymans, 1.25a1.50; unclassified, 2% inches up, various varieties, 75a1.00. Cabbage—Supplies moderate; demand light, market steady; New York, 90-100- pound sacks, domestic round type, 2.00 22.25; Wisconsin, bulk, per cwt.,, Dan- ish type, 2.00a2.25; Pennsylvania, bulk, per cwt., Danish type, 2.25. Celery—Supplies moderate; demand light, market stcady; New York, two- thirds cratés, 2.7543.00; Michigan, two- thirds - -crates,* 2.75a3.00; California, crates, 5.0026.00;. mostly 5.00a5.50. T upplies moderate; demand market steady; California, lugs, Tokays, 1.50a1.60; lugs, Malagas, | 4 0; New York, 2-quart, climax i Concords, 14a15; 12-quart, cli- ets, Concords, 60. Let@fide—Supplies lights demand mod- | 3 arket steady; California, crates, type, 4-5 dozens, good quality and gondition, 5.00a5.50; fair quality, leafy, 14.0024.25. Onigns—Supplies light; demand light, marke} steady; Michigan and Indiana, 100-pgund sacks, yellows, United States No. 1,13.75a4.00. Potatoes—Supplies -moderate; = de- mands moderate, market about steady; Pennsylvania, 150-pound sacks, round Michigan, 150-pound sacks, Russet Ru- rals, United States No. 1, 2.15a2.25. Sweet potatoes—Supplies moderate; demand slow, market dull; nearby Maryland, bushel baskets, Nancy Halls, No. 1, mostly 1.25; fair quality low as 1.00. Cucumbers—Supplies light; demand light; no early sales reported. String beans—Supplies very light; de- mand mode et steady: Florida, bushel hampers, green, few sa 5.00. Eggplant-—Supplics very mand, light, market steady; pepper crates, small size, few sales, 4.50. !Peppers—nomc»gm\vn receipts plenti- 1l and supplying the market; no ship- ped-in stock on the market. Take Notice Democrats of Eighth Congressional District of Virginia The prominent office holdes 1o contended that Democrats should in this Governor ampz d ith for President rman of the Anti- mal District, the telegram below was addressed to e unequivocal Philadelphia speech that Prohibition is a real The fact that up to this answer and reaffirm that prohibition is not an issu crats are justified in assuming he now agrees with his standard H nor Smith, that prohibition is a real issue in the and at the election on November 6th voters should bearer, ( campaig ¢ cast their ballots according as prohibition. Hon. Carter G, Chattanooga, T Governor Smith in Philadelphia last Saturday in answer- nt that prohibition was a sham ing Governor Hughes' statem isst close to t ple. Further along he sta Smith, could do nothing about Mr. Smith then showed by his | mand exceeding offerings. cember, it is held that the comvany is stated the prohibition issue was t and to the conscience of the American peo- > that he had heard gossip that he, THE EVENING S TAR, WASHINGTON, Hops. SAN FRANCISCO, November 1.— California’s 9,000,000-pound hop crop has been pretty well disposed of under contracts which will net growers a nar- row margin of profit. Quotations now are ranging from 18 to 20 cents a pound, but few sales are being made. Lumber, : KANSAS CITY—A number of the hardwood manufacturers in the mid= continent field have merged in a $30,- 000.000 corporation. Among the con- solidated concerns are the Chicago Mill ond Lumber Co.. the Penrod-Jurden Co. of Memphis, the Arkansas Oak | Flooring Co., the R. J. Darnell Co. of Memphis and the Hudson Lumber and Flooring Co. of Memphis. Dairy Products. PHILADELPHIA.—Heavy stocks of butter, poultry and eggs in cold storage here are gradually being worked off. During the Fall egg storage rose to a level well above that reached in 1927. Paper. OTTAWA,—Production of news print still continus at a heavy rate in Canadian mills despite drops in the | price. It is reported many custome: have been given certain concessions which amount to price cuts. Cranberries. PORTLAND, Oreg.—Cranberry prices | have advanced again at Pacific North- west bogs. Late varieties have moved o $5.25 a third barrel box, with de- GdLD iMPORTS GAIN. NEW YORK, November 1 (®.—The net result of gold exports, imports and earmarkings in October showed a gain to this country amounting to $12,370,- 000, the New York Federal Reserve Bank’s monthly bulletin disclosed. This is the second time a gain has been shown since August, 1927. This does not_include a purchase of approximately $2,500,000 in England announced by Speyer & Co. or any other purchases announced but not yet received in this_country. K The bulk of the incoming gold was received from England as a result of the sagging of sterling exchange below the outgoing gold point from London to New York. Aside from the English shipments, the only gold movement of consequence was the receipt of $1,000,- 000 from Argentine. Another ship- ment of $1,000,000 of Argentine gold is expected to arrive shortly. Preliminary figures_for the month were reported by the Federal reserve as follows: Imports, $11,698,000; exports, $528,000; net release of gold from ear- $1.200,000, net gain o the coun- Stock Split-Up Recommended. CHICACO, November 1 (#).—Di- rectors of the International Harvester Co. have recommended a split-up of the $100 par common stock into no par common on the basis of four shares of the new common for each one share of the old now held. Stockholders have been asked to hold a special meeting December 11 to vote on proposed increase of authorized commen stock to 6,000,000 shares of no par value. It is estimated some 4.- 410,000 new shares will be required, leaving 1,590,000 shares for the future use. B. & 0. TRAFFIC GAINS. BALTIMORE, November 1 (Special). —October traffic handled by the Balti- more & Ohio Railroad has shown the first decided gain compared with last year in many months, Loaded car movement for the first two weeks of the month was 12 per cent greater than last year. Barring a material change in gen- eral business conditions in Baltimore & Ohio territory before the end of De- likely fo show a somewhat better oper- ai 1927, Petroleum Co. Director Arrives. NEW YORK, November 1 (#)—A. S. Debenham, director of the Asiatic Petroleum Co., a subsidiary of the Royal Dutch Co., arrived in New York today for a week’s canvass of the oil trade. —e TREASURY CERTIFICATES. (Quoted by Alex. Brown & Sons. Closing.) Rate—Maturity. 3¥as Dec. 28. 3138 Dec.’ 15, The endless misery—‘the utter exhaustion” of Diabetes means that there is unoxidized sugar in your system. Your blood may be loaded—your kidneys, staggering under the burden. Your condi- tion may get worse if the sugar accumulation continues un- checked. Mountain Valley Min- eral Water from Hot Springs, Arkansas, helps the body cells use up the sugar more throughly —it also allays the intense thi and combats the dangerous acid condition in the system. Call our office and learn more about this famous natural alkaline water, used by hundreds of local people successfully fighting Diabetes. Order today, or ask for literature. Mountain Valley Water Co. 212 Colorado Blds. Phone Metropolitan 1062 Open until 9 P.M. rs of Virginia having uniformly vote for because prohibition is not an Smith Democrats of the Eighth statement of Governor time Senator Glass does Demo- they support or do not support a real one and comes very the prohibition laws if clected. record that a Democratic Gov- g net for the year than it did in|. Continuing the Exceptional Values for Two Days— Friday and Saturday—in THE WRIGHT CO.S Sale of Beds & Bedding The spirited response acclaims this as one of our most successful sales of Beds and Bedding. Now, with two days remaining to take advantage of the large economies offered in this event, you should lose no time in making your selections from the large assortments. Housewives planning to refurnish the bedroom, or replacement of the old witly new equipment styles most suited to their tastes—withomt large expenditure. Not Forgetting The Wright Co.’s Convenient Terms STEEL PRODUGTION REGORD S ASSURED Present Figures Indicate Present Year Will Exceed Former Totals. BY J. C. ROYLE. Special Dispatch to The § NEW YORK, November 1.—A new record for steel production, exceeding even the previous banner year of 1926, now is assured. With a month of the fourth quarter of the year passed, pro- { duction now is over 20 per cent higher than at this time last ycar. More significant than this, according to steel men, is the fact that prices are on a decidedly higher and firmer level than last November, and the companies have ily increasing volume of unfilled 'S on their books. The more progressive steel companics have ceased to depend on back log and have adjusted themselves to the filling of small orders frequently, but today they are piling up back logs de- spite themselves. Consumption of steel is pretty sure to decline late this month and in December, on account of slack- ening in automobile manufacture and building operations, but many con- sumers will anticipate their needs to get in ahead of any further price ad- vances. Announcement today by the Penn- sylvania Railroad that $100,000,000 will be spent in electrifying track between New York and Philadelphia cast a genial glow over ev section of the steel industry and affiliated lines. This will mean a steady demand for steel, copper, electrical and railroad equip- ment during the next three years. The steel industry is declared to be working now at 990 per cent of “ca- pacity,” but what really is capacity is not accurately known, since capacity changes with efficiency of personnel, of workers and of management. What is usually meant by capacity today is the total capacity reported by various mills as of December 31, 1927. No mill man- agement today knows what it could really do if it were given an absolutely full order beok. It is likely that some mills could not maintain actual pro- duction at the rate of their reported “capacity,” even for a month. On the other hand, there are many mills which could far exceed their ratings. Actual ingot production seems likely to run more tham 7 per cent ahead of that for 1927. This record will be established despite the fact that ingot output for the first six months of the year ran 4 per cent lighter than in the corresponding half of last year. Then the demand from the automobile build- ing, farm implement, tin plate and oil industries began to make itself felt. The advance of prices for the fourth quarter did not produce much buying in ad- vance of requirements, since not all steel products were affected. Wire products, rails, tin plate and oil coun- try goods were among the lines not af- fected. Rail buying has bolstered the market, but the real impetus has been given by the automobile trade, which, with ac- cessory manufacturers, is accounting for about 20 per cent of the steel con- sumed. All of these factors have tended to improve profits in the steel industry. Cigar Output Is Record. TAMPA, Fla., November 1 (#).— Cigar output made a new record here during October, totaling 59,819,380 cigars, compared with 57,757,888 during October last year. Customs collections also increased to $321,207.94, against $274,726.83 last year. Two Days More 313.50 layer felt, fifty pounds weight; four FIFTH DISTRICT SAVINGS DEPOSITS MAKE RECORD By the Assoclated Press. RICHMOND, Va., November 1— Record levels have been reached by savings deposits in the fifth Federal Reserve district, while labor is better employed than last year and the build- ing program for the district greater than that of last Winter, according to last Monthly Review, issued through Willlam W. Hoxton, chairman and Federal Reserve agent, Richmond. The September retail trade was in large volume and exceeded that of | September, 1927, by approximately 4.5 | per cent, the Review says. Inventories in department stores are also reported to be lower than a year ago, though wholesale trade is reported not to be as _good as retail trade. Trade in the fifth district during September was reported to be in sea- sonal volume in most lines and Fall business about equals that of last year. The estimated production of cotton is greater than last year, although the price has been somewhat lower, while both production and prices have been lower for tobacco. Coal production was reported to have reached seasonal levels, while the tex- tile situation, though not as good this year as last, improved in September and early October. . Whirlwind Motor Reduced. NEW YORK, November 1 ().—The Wright Aeronautical Corporation ~of Paterson, N. J., has reduced the price on its whirlwind motor from $4,900 to $4,000 and increased the output to 500 motors a month. D. THURSDAY, NOVEMBER T, 1928. was the most active month in the hi tory of the New York Stock Exchange. Transactions in the 26 sessions were | just short of 100.0f daily average of about 3,900,000 of nearly 11 per cent. stocks and the high rates for money | Boston has 134,000 pupils in public schools. ehbnomtationt o oe o o o oo s et ais 8 g Nas SRTEE o ele N SL e R B S ALALAAT A s ey s o ey 1330 G $21.65 Bed Outfit $13.65 A Bed Outfit that will give entire satisfaction in long service. two-inch post Steel Bed in attractive wood finish; an all-cotton Mattress with rolled edge and a Twin Links Spring. Convenient Payments $18.95 All-Layer Felt Mattresses Soft and comfortable Mattress of all- our rows of stitching and covered with durable woven stripe ticking. $8.50 All-Cotton Mattress, $5 $39 Coil-Spring Mattress, $25 [P S Long wagon trains had yet to creak across the plains HEN the first Marshall & Wendell piano was deliv- ered, America had yet to pioneer with plow and rifle toward the setting sun. California’s gold lay undiscovered in her hills, and the Mexican war was ten long years ahead. For the first Marshall & Wendell delighted 1ts first owner, and filled.its first home with its rich music in 1836 —nearly ninety-five years ago. Let us show you the Marshall & Wendell today. It costs no more to own a piano of world-wide reputation and established worth. A small down payment delivers any model to your home, Prices from $750 THE HOMER L. KITT CO. [ Washington's Cor plete Music House Mason & Hamuin . .. KNaBE. . . CHICKERING . . . THE AmpICO OCTOBER IS RECORD MONTH ON EXCHANGE Business Was About 10 Per Cent Greater Than in Sep- tember. Special Dispatch to The Star. NEW YORK, November 1.—October ,000 shar or a ares. The business done in October was about 10 per cent greater than in Sep- | tember and considerably exceeded the high totals made during the furious speculation of last May and June. In the 10 months of the year sales of stock have amounted to about 712~ |7 This is an increase |~ 000.000 shares. of 50 per cent over the same period in 1927 and nearly 90 per cent greater than in 10 months of 1926. Contrasted with this was a decrease in 10 months in bond sales on the Stock Exchamge Speculation in that have accompanied it have given the investment market the blackest eye it has had In some years A large proportion of all the dealt in in October, as well as the year, has been made up of trial issues. In fact, only 6 per cent (g all of the shares turned over on th Stock Exchange in the past 10 month: have been rails. If the figures of outs side markets were to be included in the grand total they would show that be- tween 95 and 97 per cent of all of ‘the dealings in stocks throughout the coun- | DY~ Street Two Days ! More Consists of kind—in for savings ! $29 Poster Bed r Beds never lose e s to y Bed, with pineapple-carved op. Convenient Payments with , will find types and Wood-Finished Beds Regularly $15.00, $18.00 and $21.00 $]_1.50 Another of the unusual buys in this sale. Choice of many styles—one and two of a walnut Plain or panel ends. - What an opportunity or _mahogany finishes. Convenient Payments $7.50 Coil Springs Two Days More $4.95 The large demand proves the worth Thoroughly dependable and gen- uinely n ably Tow priced in this sale, $16 Double Cone Coil Sprinss, $0.78 of these coil springs. comfortable. Remark- 545 Box Springs, $27 today were in industrials or public utilities " There has never been a time in the country’s history when so little attention, comparatively, was being given to railroad shares. Although dealings on the Stock Ex- change have been at a high rate since the middle of August and those in October were larger than ever before, there is none of the congestion in the Wall Street district that played such havoc with Stock Exchange organiza- tions last Winter and into the late Spring. Orders are promptly execured. offices without a great deal of delay. ‘There has been no demand for Satur- | day closings ‘of the exchange in order | to catch up, as was the case last April | Clerical forces have been compelled to { work late and on some extremely busy | days night shifts have been placed 1 | operation. The financial district, however, seems of | 17 One and Stocks have been going through transfer | to have accommodated itself 4,000,000-share markets and there are some who are talking of sessions that will see a turnover of 5,000,000 shares or more as soon as the machinery for g s September Petrolenm Production. tion in the United States amounted to 76,404,000 barrels, against 77,829,000 barrels in August and 75,909,000 bar- rels in September last year. The Com- | merce Department, in announcing the | output, estimated this represented a | daily average production of 2,547,000 | barrels. The major portion of the new utput increases resulted from the St. ouis and South Little River pool |activity in Oklahoma, other petroleum States showing little change. AN WORU transmitting prices has been perfected. | 13 Sy | to 300 Per Cent Stock Dividend. NEW YORK, November 1 (#).— Directors of the Zenith Radio Corpora- tion of Chicago have declared a stock dividend of 300 per cent, payable November 18 to stockholders of record | November 13, President E. F. McDonald September crude petroleum produc- | announced today. The increased cap- italization will be placed on an annual dividend basis of at least $2 a share, he sald. The present stock is on a $2.50 annual basis. Public Holiday Abroad. | NEW YORK, November 1 (P).— Today, being All Saints’ day, there is a public’ holiday in France, Germany, | Belgium, Spain, Austria and a number | of other countries. The London Stock | Exchange is closed, although it is not a public holiday in England. M BO Overcoat S.0.S. [SHARE OUR SAVINGS] You wouldn’t miss a World Series game if you had a ccmplimentary pass—you wouldn’t sit in the balcony if you could get an orchestra seat for the same price—you wouldn’t pay SIS ARNN $65 for an Overccat if you could get it for $47 . . . then why delay your visit to 9th & E where all the famous styles of The Fashion Shop are being offered at man size reductions? Get in on these magnificent savings— .tcday! | 12th ANNIVERSARY "SALE OF THE FASHION SHOP Hundreds of MODELS IN DOUBLEWEAR (They Hold the Press) 2-PANTS SUITS —n Our Entire Stock of Famous TOPCOATS and OVERCOATS Reduced! For Grades Up to $40 7 Private Parking 21 31 47 For Grades Up to $50 $57 for gradesup to $75 $67 for grades up to $90 —And so it goes—our entire clothing stock (except Middishade) is reduced—from a modestly priced $22 suit or ocvercoat to the world’s finest overcoat at $125. FRED PELZMAN, Pres. A A SPECIAL’ ANNIVERSARY OFFERING OF SUITS TOPCOATS OVERCOATS REDUCED TO 22 Ordinarily, we couldn’t even dare to offer suits, topcoats and overcoats of such superb construc- tion at this rare price. Styled in a manner that befits the Fashion Shop! REDUCTIONS on our finest WORUMBOS America’s Greatest OVERCOATS For Grades Up to $65 No Charge for Alterations The Tagmion ahe Open Evenings $1.39 Sanitary Pillows, $1.35 Convenient Payments The WRIGHT co. 905907 7th St. N.W. Space on E St. while shopping in our Clothing Dept. $14.50 Wood-Finish Stecl Cribs, $0.95 ernor could override the opposition of a Republican General Convenient Payments Assembly. After this clear statement by Governor Smith that he considers prohibition the real issue in this campaign and that he can override Congressional opposition, many Democrats of rhth Congressional District who contemplate voting aga sovernor Smith because they accept his statement that prohibition is the real issue would like to know whether you still contend prohibition is not an issue. Wire my expense Colorado Building, Washington, D. C. FRANK LYON, Chaigman_Anti-Smith Democrats of the Eighth Congressional District of Virginia. O & E 501 Ninth St. At Washington’s 42nd and Broadway BRING THE LADIES—they know style and value! S A Deposit Reserves Your Selection Convenient Payments Cheerfully Arranged to Meet Your Budget Requirements -, 151