Evening Star Newspaper, January 15, 1929, Page 12

Travel Costs - | REPORT ON PRESS | BUILDING 1S MADE John Hays Hammond De-| HE EVENING STAR, WASHINGTON, VEGETABLE SUPPLY IS REDUGED HERE Effects of Florida Frost 215 inches up, Staymans, 1.60a1.75; few best, 1.90. D. C. TUESDAY, 2.25; choice count, 1.75; originals, Flor- ida, good quality and condition, sixes, ripes and turning, wrapped, 3.00. String beans—Florida, express re- ceipts very light; supplies very light demand light, market dull; Florid: | bushel hampers, green, best, 6.50a’ 225a240; Florida, 11;-bushel | fair quality and condition, 4.5085. hampers pointed type, 2.50a2.65. | wax, trading slow, 5.00. Celery—Supplies liberal: demand light, | peppers—Florida, express receipts market steady; California, crates, 6.00 | v(.ry%?geht; supplies very light; demand a6.50; few fancy higher. light, market slightly weaker; Florida, Lettuce—Supplies of Western stock:| pepper crates, 7.00; few fine Cabbage—Supplies moderate; demand light, market about steady; New York, sacked per cwt. Danish type, 2.7582.90; South Carolina, barrel crates pointed type, 4.25; 11,-bushel hampers pointed YPe, ANUARY 15, Commodity Notes Packing House Products. CHICAGO, January 15.—Packers re- port a pick-up in demand for meats. Prices are strengthening in many lines. Smoked and salt meats continue to move well, 1929 selling gas at cost, which is 15 cents a gallon, including the 3-cent tax, and which is 6 cents under the normal price, in an effort to secure advantage in the present price war, Buys Aircraft Firm. NEW YORK, January 15 (#).—Cur- tiss Flying Service, Inc., of Garden City, N. Y., has purchased the New land Aircraft Co., which ope:ates ing schools, air taxi and service stations at | Hartford, Conn., and Worcester, Mass. | The company is seeking a new field | near New York, the lease on the present ‘(A}srgen City property expiring next pril. 4 Wool. BOSTON,—Wool bought for delivery after the turn of the year is being rapidly taken up, but new purchases are not large at present. Holders of L wool are firm in their demands, in inseed. view of the activity of the dress goods ELPHIA —The linseed crop | and Spring specialty mills. Halt blood POTATO MARKET DULL. moderate; demand light, market steady; | quality and condition, 8.008.50. Arizona, crates, Iceberg type, 45 dozen, | 3quash—Florida, _express receipts | g;{ug;::;m} ;m:h(lwsgman, 2.‘7533{ very light; supplies very lisxht: demnnd‘ berg type, ‘555 Gomen, 400, o ?\siéhgr Ugns, m}‘:fiiflwrg"”éd ?‘5’5? Tew ;}z}:l;;eyr Southern‘sock, Supplles light, demand Gk b el Lt G , market steady; Flarida, bushel | " basks ] Ciicumbers—No supplies on market. qunlfi;s'a:‘g gx::fiaogpf'vg_emmuy aved Egg tpl.mt-xmcncnlly no supplies on Onions—Supplies 1 3 market. market sicady: Miohiony demand Ught, | peas_Supplies light; demand light. pound sacks, yellows, U. S. No, 1, me- | market about steady: Mexico, 45-pound | dium size, 4.8525.00. ™" crates, best, 650; fair quallty and con- | g b | dition, 5.50. | Hght, Tarket SBoYs soeds Mo | SUraNberTies—_Supplies lght; demand .. - : jght, market steady, ), - No SOSL sacks: usset Rurals, U. 8 | frigerators, Missionarys, 70875 per quart. | sacks, round white, U. 8. No.'1, 2.33; |, Cruliflower_—Supplies moderate; e~ 5 ound . sacks reo>: | mand light, market steady; 1 Pennsylvania, [150-pound sacks, ‘round | oy crates, Snowballs, 2.102.25. PHILADI of Argentina is moving northward. A |territory is commanding $1.10 to $1.12 cargo of 6,000 tons from Buenos Aires | clean. and Rosario now is being unloaded here for distribution. This movement has an effect each year on the price of seed and oil in this country. CHICAGO, January 15 (®) (United | States Department of Agriculture).— | Potatoes—Receipts, 66 cars; on track, {163 cars; total United States shipments, 567 cars; practically no trading on | count of cold weather; prices nominally unchanged. Seen in Lack of Fresh Stocks. clares Project Is Show- ing Progress. | NEW YORK BANK CLEARINGS. NEW YORK, January 15 (Special) New York bank clearings, $1,915,000,000 New York balances, $173,000,000; New —Many retailers | York Federal Reserve credit balances, of gasoline in the bay district are $137,000,000. educe Commission merchants are continu- | ing to feel the effects of the latest of |four damaging frosts in Florida. Florida vegetables continue scarce and high and shipments of peas received this morning plainly showed the pods had been affected by the frost. Mexican and Cuban growers are supplying small quantities of green vegetables for the local trade, however, John Jays Hammond, president of | the National Press Building Corporation | has just made his annual report to the !bond and stock holders, in which he | states that the present financial situa- tion regarding the big project is satis- factory. The corporation is meeting its bond interest and expects to show a steady increase in income during the present year. Mr. Hammond says it would be possible to pay dividends on the preferred stock from unearned e Methodists maintain a war museum | at Chateau Thie PITTSBURGH ....$ 7.00 CLEVELAND ..... 10.25 DETROIT .... 13.00 CHICAGO : 18.00 CANTON ..... 9.35 LIMA .. 13.25 COLUMBUS ... 11.50 INDIANAPOLIS 15.00 ST. LOUIS....... 20.00 KANSAS CITY. 25.00 LOS ANGELES. 67.00 Greyhound Lines, world’s largest motor | bus system, offers lowest cost ever known for dependable travel. New, all- steel buses with every safety and com: surplus, but does not think such a course would be wise either for the corporation or for the stockholders. He favors deferring payment of such in- terest until it is actually earned. Mr. Hammond discusses the re- financing made necessary by the addi- tion of the three upper storics to the building after the rest of it had been nearly constructed. Present Status. Speaking of the corporation’s pres- ent financial structure, he says: “Under the refinancing the corpora- tion now has outstanding a first mort- gage of $6,250,000 at 5> per cent, a second mortgage of $2,200,000 at 62 per cent and unsecured notes due in four years in the amount of $200,000 at 6 per cent. This financing and cur- rent income from the building enabled the corporation during the year 1928 to retire the balances due on the old fort built in. All buses hot water heated Frequent schedules, safe courteousdriv. third and fourth mortgages, to pay all of its outstanding obligations, both upon the vegetables being received in good condition and bringing advanced prices. Lima beans, received from Mexico, Cuba and Florida, morning at §7-and $8 a crate. Peas, chiefly* from Mexico, were offered at $6 and $7 a crate. Dealers had light receipts of attractive wax beans to sell | at $5 a basket, but such beans are seldom in demand here. Other Vegetable Prices. * Green string beans, in greater de- mand, were only fairly plentiful at $7. There were plentiful supplies of kale, spinach, turnips, parsnips, beets and carrots to offer the trade at prices dealers termed reasonable. Rhubarb, grown under glass in Michigan, made its appearance this morning. It was large, of fine quality and attractive, but not in great demand at $1.20 and $1.40 for 5-pound cartons. A number of haulers from Maryland and Virginia reached the local market | whites, U. 8. No. 1, 2.15a2.25. | light, | were offered thhibukets, Savoy type, 1.25; few high as | see, bushel hampers, Nancy Halls, No. yellows, fair quality and condition, 1.75 a1.85. light, market dull; threes, Carrots—Supplies light; demand light, | market steady; Texas, Wesfern lettuce crates, bunched, 3.25. Beets--Supplies light; demand light, market dull; few sales; Texas, Western lettuce crates, bunched, 4.25. Oranges — Supplies light; demand light, market steady; Florida, boxes, No. 1, medium size, 3.75a4.00; No. 2, medium size, 3.00a3.50. Grapefruit—Supplies moderate; de- demand | mand light, market steady; Florida, unknown origin, ' boxes, medium size, No. 1, mostly 3.50; ripes, wrapped, fancy count, No. 2, mostly Spinach—Supplies moderate; demand market steady; Texas, bushel 1.35. Sweet potatoes—Supplies moderate demand light, market_steady; Tennes 1, 2.35a3.25; Maryland, bushel ‘hampers, Tomatoes—Supplies light; FASHION SHOP'S Greatest Winter CLEARANCE SALE Offers Hundreds of SUITS WANTED this morning with supplies of poultr a few turkeys included. Poultry con. 1 tinues scarce, however, and prices have | | the original buMding and the threc | extra stories and its current fixed and | operating expenses, with the exception ers. Tickets and information at depots INTERNATIONAL TOURS OVERCOATS TERMINAL i 1421 Pennsylvania Ave. N.W.. Phone Metropolitan 5314-5315 KEEP STOMACH YOUNG! Eat What You Want ‘When the food you eat goes into your acid-soaked stomach, it sours and can't digest, makes foul gas and sour bile. The blood takes these poisonous acids and carries them through the body. Naturally it makes you miserable and de- spondent, because your system is not nourished—you lose weight. Pape’s Diapepsin dissolves the acids and sweetens the stomach. It digests the food; no more sour bile is taken up by the blood. Your appetite is like a youngster’s again, and gradually you get back your health, flesh and energy. Chew a tablet or two of Pape’s Diapepsin after meals. It tastes good, and relieves the misery of indigestion in five minutes. It will keep your stomach young and vig- orous so you can eat anything you want without being afraid of the consequences. of some $20,000 of building and equip- ment costs, which are still in dispute. Against this $20,000 disputed indebted- ness the corporation now has in bank a surplus of approximately $51,000. The corporation met all of its interest and other charges on its new first and sec- ond mortgage bonds and unsecured notes on October 15, 1928, and will be M position to meet all such charges on April 15, 1929, as well as to pay in the meantime all of its taxes and op- erating charges. “The total amount of 7 per cent cumulative preferred stock mnow out- standing is _$1,211,300—$200,000 of which was sold and the proceeds de- posited under the original financial plan of 1925, and the balance of $1,- 011,300 was applied toward the retire- ment of the third and fourth mort- gages and for the extra construction.” Mr. Hammond reports that on Jan- uary 1, 1929, gross income based upon signed leases was approximately $29,000 a year below fixed charges on bon and notes, taxes and operating ex- penses. The opinion is then expressed that the remaining space can be grad- ually rented and economies made which will increase income by about $136,000, thereby wiping out the operating deficit and leaving a cash surplus. The theater has been making rea- sonable and gradual progress, Mr. Ham- mond adds, and no difficulty has been experienced in the receipt of the stated rental thérefrom. Of the 997 offices in the building only 67 remain vacant. The ground floor store and commercial space is all occupled with the exception of what is known as the corner store, which is being held for a rental of Fourteenth street side of the building. Seeks Greater Revenues. President Hammond does not believe the Government will give up its pres- ent space at the expiration of three years, as the new buildings are not likely to be ready by that time. By making every effort to increase rev- enues and at the same time reduce ex- penses the corporation would, within a reasonable , be able to com- mence payment of dividends on the preferred stock, these dividends being cumulative. In conclusion he urges the officers, directors and members of the Press Club to help rent the remaining space “to such an extent as to create a cash surplus over and above our present small operating deficit.” ;. Crude Oil Produotion. TULSA, Okla, January 15 (P).— Crude ofl production in the United States reached a new high record in the week ended January 12, said the Oil and Gas Journal today, with daily aver- age output of 2,604,862 barrels. The previous record was set in the week ended January 5, when production aver- aged 2,509,791 barrels daily. Increased production in the Santa Fe, California, and Hendricks, Tex., flelds was responsible for the high out- put, the journal said. Deep drilling in the Santa Fe field resulted last week in an average daily increase of about 12,- barrels. An increase of 2,000 barrels in daily production in the Midcontinent field PapeS DIAPEPSIN Now you was noted during the week, while the ds | 22a23; $36,000, and two smaller stores on the | I not changed since the close of last| week’s market. | ‘Trading this morning was fairly | brisk, the volume during the early morning showing an increase over sales yesterday morning. Today’'s Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 47a48; tub, 46a47; store packed, 30a35. Hennery, 40; fresh selected, current receipts, 35; storage, 30a32. Poultry, alive — Turkeys, 37a38: Spring_chickens, 35a36; Leghorns, 30; fowls, 28a30; roosters, 19a20; ducks, 25; geese, 20; keats, young, 50a60; old, 30. Dressed—Turkeys, 40a45; Spring chick- ens, 38a40; Leghorns, 30a32; fowls, 30a32; capons, large, 45a46; small, 38a40; ducks, 32a33; geese, 25a30; keats, 80a1.00. Meats, fresh killed—Beef, 20a23; veal, 24a27; lamb, 30a32; pork loins, fresh hams, 23a24; fresh shoulders, 17; smoked hams, smoked shoulders, 17; bacon, lard, in tins, 13%; in tubs, 13. Live stock—Calves, 16'2al§; 13al4. ‘Game—Rabbits, 30a35. 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 moderate; demand light, market steady; barrels, Virginia, U. 8. No. 1, 2% inches up, Grimes, 5.00; Virginia and Pennsylvania, U. S. No. 1, 2% inches up, 5.00a5.50; few fancy TWigs, 4.50; boxes, Washington, medium to size, extra fancy, Delicious, 3.25a! Staymans, 2.5022.75; Romes, 2.25a: bushel baskets, Virginia, U. N 37a38; | California output increased approxi- mately 7,000 barrels. can quickly qualify for a fascinating, splendidly paid position or operation of your own business in this great and growing woman’s profession. sures good locations, stea cess for trained women in Motor Inns, School and Uncrowded field as- dy demand and quick suc- Tea Rooms, Coffee Shops, College Restaurants and Lunth “Rooms, Institutional, Industrial and Depart- ment Store Cafeterias, etc. Mid-Winter Classes No Forming w Capable Motor Car Field Representatives A large motor car company—one of the top four—is ready to increase its force of field representatives and will give imme- diate consideration to applications from men 25 to 35 years of age, who preferably, are college trained and who have had some experience in sales or merchandis- ing. This experience need not have been gained in the automotive field. We want men with merchandising sense, who are hard working producers and gen- uinely ambitious to advance to greater responsibilities and higher salaries. Write a letter outlining briefly your past employ- ment, salaries received, the salary you would want from us and the kind of work you like best. All communications will be treated as strictly confidential. References will not be approached until after negotiations have been initiated. Address Box 68-V, Star office. “WHO is fo have the car today?” « Y 7OUR advertising of the #nused transportation in used cars has registered with me,” a busi- ness man tells us. “It has shown me how to end the breakfast table arguments about *“Who is to have the car today?’” Very many American families discover every year that the used car stocks of General Motors dealers offer an easy answer to this common problem. These cars vary in body, type and style. They sell at attractive prices; in some of them Reduced to 23" 33" '43° Grades Up to $40 Grades Up to $55 Grades Up to $65 And So On Up to Our $165 Overcoats, Now $98.25 ALTERATIONS AT COST ENTIRE STOCK OF WORUMBO OVERCOATS REDUCED sS@» $4875 low as The Efaamion Fhop - FREE PRIVATE PARKING SPACE While Shopping in Our Clothing Dept. 9th St. They offer opportunity to have a second or third car at lowest possible cost. Youareinvited to examine the used cars in the stores of General Motors dealers, and you may pay on the convenient GMAC Purchase Plan. “A car for every purse and purpose” CHEVROLET : PONTIAC - OLDSMOBILE - OAKLAND - BUICK LASALLE « CADILLAC - Al with Body by Fisher GENERAL MOTORS TRUCKS -+ YELLOW CABS and COACHES FRIGIDAIRE=—The Automatic Refrigerator « DELCO-LIGHT Power Plants ® Water Systems - GMAC Plan of Credit Purchase TUNE IN=—Genersl Motors Family Radio P: Standard Time. WEAF and 35 other st GENERAL Every Monday Evening. 9:30 Eastera sociated with N. B.C. America’s most successful system for developing skilled, highly paid tea room and coffee shop execu- tives. Low cost, easy terms, quick results. Write or call for inter- esting details and illustrated catalogue. Lewis Hotel Training Schoo! Penna. Ave. at 23rd St. ESchool Open 8:30 AM. to 9 P.M. Daily the potential mileage has hardly been touched. MOTORS When you are in Atlantic City, see the General Motors Exhibit on the Steel Pier Mary Catherine Lewis Director Lewis Tea Room Institute