Evening Star Newspaper, December 26, 1928, Page 12

SALES OF TURKEY REACH HIGH MARK Dealers at D. C. Wholesale Market Report Good Holi- day Business. Poultry dealers this morning reported & satisfactory turkey market for the Christmas holiday season. Many ad- ditional sales of turkeys were reported this morning, chiefly for consumption in hotels and other public eating places, such places having done an exceptional- 1y big business yesterday. Dealers are now looking ahead to the New Year holiday market. Turkeys will not be anything like in the demand re- corded for Christmas consumption, how- ever, although it is expected that the demand for the king of the poultry family will be greater the approaching New Year season than heretofore. Prices during the week probably will be about the same as prices that pre- vafled during the Christmas market season. Live turkeys this morning sold at 38 and 40 cents, dressed stock being quoted at fro m40 to 45 cents. Whole- salers had ample supplies of different species of poultry to meet demands. Vegetables Plentiful. Business generally was not very active this morning. Some retailers had poultry enough left over from Monday to supply demands today and tomorrow, and they also had supplies of other commodities . Fruit and vegetable displays continue attractive. There were plentiful sup- plies of all kinds of fruits and vege-| - tables, practically every varlety to be| had at the different season with the exception of watermelons, cantaloupes and several varieties of berries. Straw-| berries, product of Florida growers, were iof exceptionally fine quality. They were quoted from 70 cents to $1 a quart box. New cabbage, pointed type, were re- jeeived from South Carolina growers, first -of the season from there, and |dealers quoiad a price of $2 and $2.50 @ crate. Cucumbers, scarce last week, \were 8 trifie more plentiful, mostly No. ‘9 stock, and were offered at $4 and $5 ‘s bushel hamper. Eggplants, also more plentiful, were yuoted at $8 a pepper crate. Peppers were $6 and $8; peas, $6 and $6.50; string beans, $3 and $3.50: new pota- toes, $4 and $4.50, and white squash, $5 and $6 a crate. A slight decrease in butter prices was veported, while a slight increase in prices of some meats was shown in yeports. The egg market was firm. Today’s Wholesale Prices—Jobbers” Prices Slightly Higher. ‘Butter—One-pound prints, 49%,a50%; tub, 483,249%; store-packed, 30a35. Eggs—Hennery, 45a47; fresh, selected, 43a44; current receipts, 35a36. Poultry — Alive — Turkeys, 38a40; Spring chickens, 26a27; Leghorns, 25; fowls, 25; roosters, 19a20; ducks, 25: geese, 20a25; keats, young, 60a80; old, 30. Dressed—Turkeys, 40a45; Spring chickens, 30a32; Leghorns, 28a30; fowls, 28a30; capons, large, 45 38a40; ducks, 30; geese, 30; 25, medium 21%a 23; common, 17a18; veal, 25a27; lamb, 28’ pork loins, 22a24; fresh hams, 2 23; fresh shoulders, 18a19: hams, 25a26; smoked shoulders, 18; ‘bacon, 20:232]:, lard, in tins, 12%2; in Live stock—Calves, 16; lambs, 13a14. Game—Rabbits, No. 1 grade, 25, No. 2 grade, 15a20. Fruit and Vegetable Supply. ‘The daily market report on fruits and yegetables (compiled by the Market News Bureau Agricultural Economics ys: '.Applw—suppllu moderate; demand {light, market dull; barrels, Virigina, unclassified, Staymans, 21, inches up, l450; boxes, Washington, medium to large size, extra fancy, Delicious, 3.25a 3.50; extra fancy, Romes, Staymans, 2.50; extra fancy, Jonathans, 2.00a2.25; bushel baskets, Virginia and Pennsyl- vania, U. S. No, 1, 2} inches up, Stay- mans, 1.50. Cabl upplies moderate; demand light, market steady: New York, Danish type, 90-pound sacks, few sales, 2.50; South Carolina, barrel crates, pointed typel,z 235.50!4.00: 1% -bushel hampers, 2.00a2.25. Celery—Supplies light; demand lght, tnarket steady; California, crates, 6.00 26.50; few fancy higher. Lettuce—Western supplies liberal de- mand light, market steady; Arizona, crates; Iceberg type, 4-5 dozen, mostly '4.00; fair quality, leafy, 3.2523.50; Cali- fornia crates, Iceberg type, 4-5 dozen, 3.50. Southern supplies light; demand light, market dull; Florida, 1%-bushel ‘hampers, Big Boston type, fair quality end condition, 1.25a1.50. ‘Onions—Supplies light; demand light, market steady; Michigan and Ohio, 100~ pound sacks yellows, U. S. No. 1; me- dium to large size, 4.7525.00. + Potatoes—Supplies _liberal; demand light, market steady; Pennsylvania, 150~ ound sacks round whites, U. 8. No. 1, 2.00; New York, 150-pound sacks round whites, U. S. No. 1, 2.15. Spinach — Supplies light; Yightlight, market stronger; Norfolk sec- tion Virginia, veneer barrels, Savoy type, 3.00a3.50; bushel baskets, 1.25. Peas—Supplies light; demand light, market steady; Mexico, 40-pound crates, 6.2526.50. Tomatoes—Supplies light; demand moderate, market steady; Florida, 6s, ripes and turning, wrapped, fancy count, 5.5026.00; choice count, 4.00a4.50; few 5.00. Strawberries—Supplies light; demand slow, market slightly weaker; Florida, pony refrigerators, Missionaries, 70a90 per quart. Caulifiower—Supplies light; demand light, market firm; California, pony crates, 2.50. Beets—sSupplies light; demand light, market steady; Texas, Western lettuce ;l‘:nes, buches, 5-dozen, 4.00a4.25; few .50. String beans—Supplies moderate; de- mand light, market steady; Florida, Jemand | D Hing from modern bathrooms and is 4.25; Black Valentines and Kentucky Wonder, 3.00; holdovers, various va- rieties, 2.50a3.00. Peppers—Supplies moderate; demand light, market slightly weaker; Florida, pepper crates, fancy, 8.00a9.00; cholce, 6.00a7.00. Squash—Supplies light; demand light, market steady; Florida, pepper crates, whites, wrapped, fancy, 5.5026.00. Cucumbers—Supplies very light; de- mand light, market firm: Florida, %- bushel hampers, choice, 4.00a5.00. FEggplant — Supplies very light; de- mand light, market firm: Florida, pep- per crates, fancy, medium size, 8.00a 9.00. Carrots — Supplies light; demand light, market steady: California, West- ern lettuce crates, bunched, 3.50; few fancy higher. Oranges—Supplies moderate; demand light, market about steady: Florida, boxes, No. 1, medium size, mostly 4.00; few fancy higher: No. 2, 3.25a3.50. Grapefruit—Supplies light; demand moderate, market steady; Florida, boxes, No. 1, medium to large size, 3.5024.00; small size, 3.00a3.25; No. 2, medium size, 3.00. TRADE IN PERFUMES SHOWS BIG GAINS Dressmakers Assist Dealers in Selling Gifts—Most Purchasers Are Men. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 26.—Personal adornment has been the keynote of the recent sales to and for women in the retail shops of the entire nation. This is conclusively shown by reports from department stores today and from fig- ures compiled by Government agencies. Naturally, not all the firms engaged in the production of such articles have prospered. Those who have not fol- lowed the trend of styles have suffered materially. But, in general, the dic- tates of the prevailing styles have as- sisted retail sales, wholesale distribution and production. Men have been quick to recognize this trend, and in the holiday shopping sea- son the store doing the largest business in perfumes, in New York, has found most of its purchasers among the male sex, and these purchases have been made for gifts to women. A few years ago a purchase of $25 worth of perfume in this store caused comment among the clerks. Today they are selling ounce vials at $50 or more, and one purchaser frequently spends from $500 to $700 or more. Dressmakers Aid. ‘This trend has been materially assisted by the dressmakers. They have taught women that no costume is really com- plete unless a special and appropriate perfume goes with it. This was natural, since the dressmaker has also become a perfume manufacturer. In the first nine months of this year 4,926,000 pounds of soaps and per- fumes were imported into the United States from France, according to the French Chamber of Commerce in New York. This was in addition to the vola- tile oils used in perfume manufacture, valued at 61,951,000 francs. In this country there has been a total of approximately $290,000,000 worth of soaps, glycerin and perfumery manu- factured by leading firms this year. The pay of workers engaged in this produc- tion totaled more than $20,000,000. The total value of toilet preparations, including dentifrices, creams, rouges, face and talcum powders, perfumes, toilet water, hair tonics, hair dyes, shampoos, depilatories and other articles, was about $185,000,000, with face powders, dentifrices, perfumes and creams the largest items. hair dyes, shampoos, depilatories and other articles, was about $785,000,000, with face powders, dentifrices, perfumes and creams the largest items. On the other hand, the manufacture and sale of combs, hairpins, barettes and novelties used in the adornment of women’s hair, whether of fiber, bone, tortoise shell, celluloid, bakelite or ivory, dropped off approximately 17 per cent in the last three years to a total of $4,325,000. Garment Sales Increase. Some of the leading fashion author- ities say the trend is toward long hair again. It is sure that the sale of trans- formations to conceal the shortened locks is growing. The imports from France show that. There has been a drop in sales of hairbrushes, since few women use anything but a comb on bobbed tresses. The National Retail Dry Goods Associ- ation asserts that women are spending more money on lingerie. The sales of garments increased in number fully 10 per cent in the last fiscal year. The prices of these garments range from $1 to well into the hundreds. Bath salts have played a big part in toilet article displays and sales and seem to have attracted customers by color rather than by their varieties of perfumes. The white towel is disap- being replaced by towels matching the tile decorations. . Peak Money Rate Forecast. NEW YORK, December 26 (Special). —1t is regarded as highly possible that the peak call money rates for the year will be marked up before the end of this week. Currency will be flowing back to the banks, but they will be “window dressing” their accounts on a major scale, and for this purpose they will doubtlessly find it necessary to call loans. Another factor which must be considered is the possibility that the Bank of France and other foreign central institutions may ‘desire to ear- mark gold here to “dress” their gold reserve account over the year end. Such action would increase New York City member bank discounts and hence bring additional firmness to money bushel, hampers, green, stringless, Proper for Your Tux, rates. Tight Arch New Year’s Party 59.50 ‘An evening dress, patent oxford for men that is handsome in appearance, perfect in fit and com- fortable from the first moment it is put on. Wolf's Uiatr- @ver Shop 929 F Street THE EVENING STAR. WASHINGTON. MUNICIPAL BONDS NEAR LOW PRICE LEVEL Spectal Dispatch to The Btar. E NEW YORK, December 26, — Muni- cipal bond prices, after showing signs of recuperating between mid-August and the first of November, have lost ground in the last seven or eight Weeks to such an extent that they are now back virtually to where they were at the end of the Summer. A price com- parison of 20 representative issues shows that they are selling on yield basis ranging from 3.59 to 4.35 per cent |y, and averaging 4.165 per cent. At this level their current yield compares with an average as of August 25 of 4.18 per | j cent and stands almost precisely 30 points in basis above the highest level of the year, that of January. The principal reason, perhaps, why municipals are selling slightly out of line with corporate investment bonds in so far as comparison with the peak prices of the year is concerned, is that the municipals did not recover as much ground during the period of recovery in September and October as did the cor- porate issues. The recovery on the part of corporate issues was quite pronounced between January 6 and August 15, when they dropped to 97.90, or 4.32 points be- low their peak. It will be noted that corporate bonds are still 0.67 points in price above their low for the year, while municipals are practically at the bot- tom. Below is a table showing approximate municipal yields at their peak of the 314 Seventh St. N.w. To know how great these savings are see our windows Today or Tonight! GIRLS’ FROCKS 300 to Choose From $3.97 New! And decidedly of the better kind. All twill-back velveteen with all-wool sun- burst plaid skirts, also velvet dresses with silk trimmings; all-wool French spun jerseys and challies and weighted silk crepe de chines. By no means the usual type of garments you would ex- ect at this price—but real unningham values, FOR THIS YEAR year, in the latter part of August, and today: z Record of Twenty Municipals. New York City Philadelphia 4s Chicago Detroit 4148 Buffalo 4s 8an Prancisco 4148 S SR8 New Orleans 4145 Minneapolis 4'4s Seattle 47.8 ersey Ci b AA AR AAARARARLAL, 8 FECEPTSAE A S 8 dles ... North Carolina Average ... +Quotation on_ds estimated. = Four one-quarters show slightly higher yield. 1928.) - and (Copyrighi o U. 8. TREASURY RECEIPTS. ‘Treasury receipts for December 21 were $85,095,321.69; expenditures, $93,- 445,086.51; balance, $350,547,734.86. Rail Income Increases. NEW YORK, December 26 (#).—Net operating income of New York, Ontario & Western Railroad increased in No- vember to $43,445 from $7,933 in No- vember, 1927, Net for past 11 months was $957,492 against $1,076,266 in first 11 months of 1927. / - AUTO AND BUILDING INDUSTRIES IN LEAD Conference Board Finds 1928 Busi- ness Activities Have Shown Gain, Special Dispatch to The Star, NEW YORK, December 26.—“The year 1928 as a whole has been a year of industrial and commercial activity slightly higher than in the preceding year, but little if any above the nor- mal annual rate of expansion of gen- eral business except for a few months in the last half of the year. “The automobile and building indus- tries have continued to be the leading factors in the business movement; the extraordinary expansion of Stock Ex- change activity during the year, as in preceding years since 1923, stands in strong contrast to the general growth of industry and trade.” That, in substance, is the collective interpretation of business statistics gathered by statisticlans and econo- mists of industrial and trade organiza- tions and large industrial corporations representing about 30 of the leading industries of the country and formulat- ed at the first monthly meeting of the conference of statisticlans in Indus- try,” a new organization operating under the auspices of and with the co- operation of the National Imndustrial Conference Board, 247 Park avenue, N. Y., General business and nmnchl[ New York. General business and finan- Richly Furred Values Which Will Afford Every Economical Woman an Opportunity to Save! A stunning group of coats, with the grace and ease of line which reveal soft fabrics and finest tailoring. Decidedly new fur treatment, clever cuffs and a more feminine feeling are especially marked. Unusua_l Values Girls’ Coats All Fur-Trimmed These Coats are most at- tractively styled and are displayed in both fur adorn- ed and plain tai- lored modes. Chinchillas are much in evi- dence as well are Mixtures, Suedes and Broadcloths. Of course, your daughter will need a new Coat and why n ot purchase her one? You could not choose more wisely, " LA cial transactions, as measured by checks d{“n and cashed on member banks o run ahead of 1927 by somewhat more than the normal increase. been due to the enormous growth in security transactions in recent months and not to any proportionate increase in industry and commerce during the year, Hourly and weekly earnings of em- ployed factory workers have shown practically no change since last year. Despite the fact that factory pay rolls in the aggregate have averaged consid- erably lower this year than in 1927, there has been a marked improvement in the last six months. Consldering that the cost of living of wage earners’ families was slightly lower in 1928 than in the preceding year, there was prob- ably no great change in the aggregate purchasing power of factory workers :g\z';'ud by available statistics during For the year as a whole agricultural purchasing power was probably slightly greater than 1927, although the pur- chasing power of farm groduch in terms of commodities bought by farm- ers has declined steadily since May. Most important crops were more abun- dant and combined farm prices for the first 10 months of 1928 averaged about 8 per cent higher than the year before. In the dollar values total exports and exports of finished manufactures, espe= cially automobiles and other machinery have been considerably larger in 1928 than in 1927. Imports, particularly those of crude materials and semi-fin- ished manufactures, have run consider- ably behind last year, notably since the middle of the year. Business failures during 1928 averaged slightly higher in number than last mr, but liabilities have been licating increased mortality of the smaller concerns. Corporate the year as a whole will has | substandially ahead of last year. Buy Dry Dock Company Stock. BALTIMORE, December 26—New Interests have acquired a substantial block of the preferred and common stock of the Maryland Dry Dock Co. and will actively co-operate with the present controlling interests in the op- eration of the company. ‘The stock was bought from the liqui- dating trustee of the Fidelity Securities Corporation, the deal involving approx- imately $200,000. The Maryland Dry Dock Co., orig- inally the Globe Shipbuilding Co., was drastically reorganized some years ago. It has $2,000,000 preferred stock and 30,000 shares of common stock without par value. Brass Products Price Advanced. NEW YORK, December 26 (#).— American Brass Co., a subsidiary of An- aconda Copper Mining Co., has ad- vanced the price on brass products, seamless tubes, nickel silver and brass scrap % cent and copper products other than wire 3% cent. e Machine Tool Market. NEW YORK, December 26 (#).— The holiday season has taken some of | PO the snap out of the market for machine tools, but reports from nearly all pro- duction centers indicate that the de- cline will be short, American Machinist reports. Highly favorable conditions ne' forecast foy the first quarter of TRADE ACCEPTANCES BECOME MORE POPULAR Special Dispatch to The Star. NEW YORK, December 26.—One of the hopeful signs in American banking is the increased use of trade accept- ances in business. Would it not be wise to make great use of these acceptances, supplemented by the aid of the install- ment credit corporations, to finance the export of motor cars? If it can be worked in the automobile business, why is it not possible to de- velop its use in many other directions, and thus enable the United States to establish substantial credit lines out- side, particularly in South America and the Far East, which should be of tre- mendous importance in directing the volume of new trade toward the United States? Federal Reserve officials have alwavs looked with favor on the use of such credits, even if they have had to sup- port the acceptance market so far. This should not be hard to do in the future, for in a rather substantial way they have been doing it for many years in the past. Airplane Plant Started. BALTIMORE, December 26 (Special). —The first group of employes of Glenn Martin, airplane manufacturer, have reached Baltimore and have n work on his plant at the new municipal air- rt. Martin will continue operation of his Cleveland plant until the first of the year. At that time he will bring about 150 of his skilled men to Balti- more. PRGN Only one in every 239 persons in Germany now owns an automobile. 316 Seventh St. Starts Tomorrow at 9:15 A.M. HE TIME IS HERE! The first sharp reductions of the season! Never was there such an opportunity as this . . . for never before have we placed such a galaxy of desirable garments at such a low figure. View these hundreds and hundreds of beautiful fashions . . . and choose the one you particularly want B1:1t since first selection is best 4 » &« choose early » « « Your size is here, : : Nearly a Thousand New, Finer Sizes for Women, Misses and Half Sizes Frocks in the sheerest of fine Geor- gette . . . glistening Satins . . ¢ and Crepe Cantons . .. in flame red, rasp- berry, cerise, aster, purple, violet, vivid blue, French blue, rose, chartreuse, sun tan, rose beige, plum brown, rust, English green, blue-green, black . . . Nawsr 4 NS wnld Th VYV AW AW ALSR That Reflect the Trend for Winter Authentic Winter Fashions Hundreds of New Styles Unusual All Colors Including Plenty of Leading Brown Shades and Blacks Hats for Misses, Women and Matrons All Headsizes Values s"IEN | ROV J~ AND 4270 | ¢ Such 3 ftre- mendous vari- ety that you'll find a Hat that will go smartly to every occa- sion — for street, sport, afternoon, business and evening.