Evening Star Newspaper, January 17, 1929, Page 12

12 MARINE PRODUCTS SUPPLY 5 LARGE Nearby Fishermen Handi- ~capped by Weather. Oysters Scarce. : ISP Tce-covering creeks along the Poto- mac River below the District line at Alexandria has prevented the operation of Winter seines, and dealers this morn- | ing reported an ahsence of Potomac River fish to offer the trade at Munici- pal Fish Market. There were plenty of fish from other sections to offer the trade, many of them being {rozen. Boston shippers furnished supplies of fresh haddock, cod, pollock and fillet of haddock, while the Boston mackerel in- cluded in shipments were frozen. Had- dock and pollock were quoted at 10, cod at 18 and fillet of haddock at 22 cents. The mackerel sold at 15 cents a pound. Frozen smelts, received from Canada and Boston, sold at 25 and 30 | cents a pound. i Shipments Received. | New York shippers furnished quanti- | ties of scallops that were offered at $4 a gallon. Practically no supplies were re- celved from New Jersey and North Caro- lina shippers. Florida shippers sent supplies of several varieties of fresh fish that found ready sale. | Kirg and Spanish mackerel, included | among the Florida shipments, were of- | fered at 18 cents a pound. Trout was 30 and red snappers cents a pound. Shad and herring were recelved from Florida, but not in great quanti- ties. Shad sold at 30 and 45 cents a pound, herring selling at 10 cents. Because of the cold weather earlier in the week and ice on the creeks that handicapped oystermen, according to reports, past few days, receipts scarcely being heavy enough to meet demands. Stand- | ards continued to scll at $2.25, selects at $2.50 and shell stock at $2 a bushel. Clams received from North Carolina, wege scarce at $1.75 a gallon. Supplies | of crab meat were received from Hamp- ton, Va., the lump sciling at 75 and the flake at 60 cents a pound. Wet weather this morning was not | conducive to heavy trading, retailers not being out in large numbers during the early hours. Business along all lines was reported fairly good. prices of most commodities being substantially the same as prices quoted yesterday. Today’s Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound prints, 47a48; tub, 46',a47; store packed, 30a35. Hennery, 40; fresh selected, 37 238; current receipts, 35; storage, 30a32. Poultry, alive—Turkeys, 37a3! chickens, 35a36; Leghorns, 3 2 roosters, 19a20; ducks, 25; gee: eats, young, 50a60; old 30. Dressed ‘Turkeys, 40a45; Spring chickens, 383 however, oysters bscame scarce the | 2. se, | light, market steady; Mexico, 45-pound pons, large, 45a46; small, 38a40; ducks, 32a33; geese, 25a30; keats, 80a1.00. Meats, fresh killed—Beef, 20a23; veal, 24a27; lamb, 30a32; pork loins, 22a 23; fresh hams, 23a24; fresh shoulders, 17; smoked hams, 25a26; smoked shoul- ders, 17; bacon, 20a22; lard, in tins, 1313 in tubs, 13. Live stock—Calves, 1615al7; lambs, 13a14, Game—Rabbits, 30a35. Fruit and Vegetable Review. The daily market report onfruits| and vegetables, compiled by the Market News Service, Bureau of Agricultural Economics, says: | Apples—Supplies moderate; demand light, market dull. Barrels: No sales reported. Boxes: Washington, medium to large size extra fancy Delicious, 3.25a 3.50: Staymans, 2.50a2.75; Romes, 2.25 a2.50. Bushel baskets: Virginia, U. S. No 1, 2% inches up, Staymans, mostly 1.75, few 1.90; Pennsylvania, U. S. No. 1, Black Twigs, 2% inches up, 1.50a 1.65; Staymans, ripe, slightly decayed, 1.2521.50. | Cabbage—Supplies moderate; demand | light, market about steady: New York, per hundredweight, Danish .7522.90; South Carolina, barrel pointed type, 4.25; 115 bushel hampers, pointed type 22.40; Flor- ida, 1!>-bushel hamp pointed type, 2.5022.65. Celery — Supplies liberal; demand | light, market steady; California, crates, | 6.0026.50; few fancy higher. | Lettuce — Western stock: Supplies | moderate; demand light. market steady; | Arizona, crates, Iceberg type, 4-5 dozen, fair quality and condition, 2.75a3. | California, Imperial Valley, crates, | berg type, 4-5 dozen, 4.50, few higher. Southern stock: Suppli 3 | moderate, market steady; Florida, 1'5- bushel hampers, Big Boston type, | quality and condition, 1.75a2.00, mostly 2.00; fair to ordinary quality and con- dition, 1.00a1.50. Onions—Supplies light; demand light, | market steady; Michigan and Ohio, | 100-pound sacks, yellows, U. S. No. 1, medium to large size, 5.00a5.25. { Potatoes—Supplies moderate; demand light, market firm; Pennsylvania, 150- pound sacks, round whites, U. 8. No. 1, mostly 2.25; New York, 150-pound sa‘c‘;is, round whites, U. S. No. 1, 2.25a Spinach—Supplies liberal; demand light, market steady; Texas, bushel baskets, Savoy type, 1.10a1.20; some or- dinary quality low as 75c. ‘Tomatoes—Supplies light; demand light, market steady; repacked, unknown origin, threes, ripes, wrapped, fair qual- | ity. fancy count, 2.00a2.25; choice count, | 1.50a1.75; sixes, ripes, wrapped, fancy count, 500; originals, Florida, sixes, | ripes and turning, wrapped, fancy | count, 3.00a3.50. String beans—Supplies light; demand | light, market slightly weaker: Florida, 7g-bushel hampers, green, fair quality and condition, 5.00a6.00. | Peppers—Supplies very light; demand light, market dull; Florida, pepper crates, fancy, 6.50a7.00; few fine qual- ity and condition higher. Squash—Practically no supplies on market. Cucumbers—No supplies on market. Eggplant—Practically no demand. Peas—Supplies very light; demand crates, 6. ; Leghorns, 30a32; fowls, 30a32: ca: COLLECTION DAY A seiephone cal it f £ you your copy of this Gelightful story of Alice’s Jouraey iato Launde: (2 22 __,_,,,,-,-1-,-_ - RO/ A/ L I T T Sy - e (ynunannan nn It .50. Strawberries—Supplies very _light; de d light, market steady; Florida’ THE EVENING RTAR, WASHINGTOX, pony refrigerators, Missionarys, hold- overs, 35 per pint. Caulifiower—Supplies very light; de- mand slov, market dull; California pony crates, 1.90a2.25. Carrots—Supplies light; demand light, market steady; Texas, Western lettuce, crates, bunched, 3.25. Beets—Supplies- very light; no early sales reported. Oranges—Supplies moderate; demand moderate, market steady; Florida, boxes, No. 1, medium to large size, 3.50a4.00; few fine quality and condition, pine- apples, high as 4.25. Grapefruit—Supplies moderate; de- mand moderate, market steady; Florida boxes, medium size, No. 1. 3.50a3.75; few 4.00; No. 2, mostly 3.00. BY KENNETH S. VAN STRUM. NEW YORK, January 17.—Most stock “averages” have risen recently above the high point attained in late Novem- ber, indicatin~ that today the general market is higher than at that time. A closer analysis of the situation, how- ever, shows that a majority of stocks throughout the country are now actu- ally selling at lower prices than in No- vember. In the following table is given the percentage of stocks in New York and on the local markets which rose and the percentage which fell between the two peaks. These figures show that ove~ the country as a whole 63 per cent of the stocks have shown net losses for the past six weeks, while 37 per cent have shown net gains. Stock Exchange. Advance. Decline. Per cent. Per cent. Philadelphia ... San Francisco . New York . Detroit Pittsburgh . New York Curb Boston .. Chicago . Baltimore . Average .. ‘The fact is that of some 2,000 ciffer- ent stocks listed on the various stock exchanges which were active enough to sell during the period, 740 rose, while 1,260 declined. This easily explains why the securities which many people own have not risen with the market leaders to new high levels. Market Leaders. It has been calculated that on a day when trading on the Stock Exchange runs to 4.000,000 shares, about 3,000,000 of the sales will be concentrated in only 50 issues, while the balance of 1,000,000 shares of trading will-be distributed among 950 other issues. In other words, there is great concentration of specu- lative inferest in only a few of the stocks. | Since most stock averages are made up of a list of 20 or 25 stocks, most of which are chosen from among the mar- ket leaders, these averages rep! color the speculative side of the stock mar- ket, but they are not typical of the gen- eral investment market, which includes not only the market leaders, but many inactive stocks as well. As a result, averages usually reflect what the leaders are doing, but they do not tell the story which is most interesting to the rank and file of investors throughout the country. At the present time, for in- stance, while the market’s speculative leaders are near their November peaks, most issues have fallen well below those levels. Stocks Feature New Financing. For the first time in history,’ new financing in December exceeded the bil- lion-dollar mark and total new financ- ing for the year 1928 was almost eight and one-half billion, which exceeds any previous year. Lately the most signifi- « changes in the output of new securities has been the increase in new stocks. These large stock flotations were ~ossible because of the rising stock market, which lately created the nec- essary atmosphere of optimism so essen- tial in the marketing of new stock issues. At the same time tight money conditions caused falling bond prices and reduced the number of new bonds Issued. This is a natural phenomenon of this phase of a bull market, and although in December only 30 per cent of the new issues were bonds, while 70 per cent were stocks, when the two markets are again functioning under a more normal relationship it is to be expected that more bonds than stocks will again be |turned out. In the past the ratio has usually been 25 per cent stocks to 75 per cent bonds, and it is improbable that even the present mania for common s}'SCK has radically upset this relation- ship. The following industries absorbed the greatest amount of new capital in De- cember, whether by issuing new stocks or bonds: Per cent. Investment trus | Public utilities Retail stores Aviation . Building . | Railroad: Balance Capital Stock Increased. BALTIMORE, January 17 (Special). —At a meeting of stockholders the au- Bond and Investment Co. of this city was increased from $4,000,000 to $16.- 1000,000. This increase was authorized | for the purpose of enabling the com- pany to make effective plans for the expansion of its busin “Firm Price” Collaienl. NEW YORK, January 17 (#).—Agi- tation for a “firm price” for all collater- al on stock exchange loans is being heard in Wall Street. At present with each leading bank the final arbiter of the value of the stocks in the loan en- velope values differ sharply, and this has caused some confusion. The differ- ence in some cases ranges from $25 to $75 a share. eAJ)poln'.ment of a_com- mission composed of the Clearing House Association head, two brokers and two bankers has been suggested to meet daily to decide on the lending value of each stock 'd on the exchangs T MANHATTAN your clothes are sorted by and material _into open-mesh washing Nets, marked with your name. In the giant rotating wash- | er, hot suds swish through i these Nets; then floods of soft water carry the dirt away. Your clothes get the § wash, the Nets take the For Your Convenience Manhattan Laundry§ Offers a Better and Quicker Service No Extra Charge 3'—Da'y Collection and Delivery Service The tremendous response shows the housewives appreciate the convenience of this 3-Day Collection and Delivery Service— Remember, we offer promptness with thoroughness. Monday Tuesday Wednesday Thursday Friday Saturday Friday Saturday Monday Tuesday So diversified are the Manhattan services that there are ten different ones, covering every demand of the housewife. Just Say When—and our representative will call for your laundry and deliver it on time. ““Seven main trunk lines—two o perators—to better serve you® 1120-1121-1122-1123 Phone } - Decatur MANHATTAN LAUNDRY “Where the Nets Get the Wear 1124-1125-1126 DELIVERY DAY Wednesday Thursday e R . R AL AL T AT SENE SN T VAR R B AW L WA E Y RLE B ELUR AL W) B R YT R -, R VAN WML EIEIE W B W Wl WIS\ LRI L . XTI D AT ST 30 UF NN N - and the Clothes Get the Wash” 1336-1346 Florida Ave. N.W. thorized capital stock of the Continental | . T, THURSDAY. JANUARY 17, 197%9% PACKARD The Packard System of Instant Chassis Lubrication ts simplicity Htself. A reservoir and gun on the dash is connected by concealed Piping to accurately metering drip plugs at each eiling point. One pull of the plunger loads the gun. As it discharges aut tomatically each bearing is bathed in clean, fresh oil, correctly measured. The Packerd Ausiliary Laubricator, illustrated at the right, pre-oils the cylinders when the choke is pulled. thoroughly and easily E Packard Eight, whether Standard, Custom or De Luxe, is protected by the most thorough, complete and convenient lubrica- tion system found on any motor car in the world. In-built factory precision is protected — even against the possibility of your own or your chauffeur’s neglect. “Instant” lubrication—a system by ‘which the chassis bearings may be oiled daily by one pull of a plunger from the driver’s seat— has long been a feature of Pack- ard cars. lubricated of all fine cars Improved and extended to in- clude even the new and unique Packard Shock Absorbing Sys- tem, Packard chassis lubrication protects 38 bearings under the car, oils points inaccessible and frequently neglected on the ordi- nary chassis, prevents squeaks and rattles, eliminates wear—and insures the long life for which the Packard car is famous. The Packard Straight Eight pow- erplant, with its nine-bearing crankshaft, is full force feed lu- bricated—each cylinder uni- formly supplied, each motor bear- ing thoroughly fed under pres sure. An auxiliary lubricator, con- nected with the choke, automat- ically conveys oil to the skirt of each piston whenever the choke is pulled out—insuring thorough cylinder lubrication during cold weather starting and warming up. Packard lubrication, thorough and positive under all weather conditions, is simply pictured and described on a unique wall chart which we want you to see. Come in and examine it, then drive a Packard Eight yourself and oil the chassis while at the wheel, You will gain a new conception of proper motor car lubrication. The Packard Standard Eight is priced from $2435 to $2835—the Custom Eight from $3175 to $3850 — and the Eight De Luxe from $4585 to $5985—at the factory. In- dividual custom carsare also avail- abletoorderon theDeLuxechassis. ASFK THE MAN WHO OWNYS ONE PACKARD WASHINGTON MOTOR CAR CO. CONNECTICUT at S O. COOLIGAN, President ADAMS 6130 S1ZZLING GRILLED HAM STEAK with glazed apples and sweet potatoes THIS WEEK 0N ™ LIBERTY LIMITED ING hot apples glazed with sugar —baked to lucent sweetness . . « Golden-brown fried sweet potatoes, salt-sprinkled to pique their mellow- ness... And the sizzling zest of tender Grilled Ham Steak, completing this perfect trinity of flavors. .. How many letters of praise will this dishcall forthfrom patrons? The Pean- sylvania expects another record crop. The establishment of the Penn- sylvania’s three schools for cooks and waiters has brought gratifying results, People are noticing the special refine- ments of cuisine and service on Penn- sylvania trains. And they are writing of their own accord to praise. Ask for Grilled Ham Steak this week—on the diners of Pennsylvania trains. And if you have any comments, we should appreciate them. The whole aim of the Pennsylvania dining car service is to add pleasure to your trip. C. E. McCULLOUGH, General Passenger Agent, 613—14th St., N. W., Washington, D. C. ' 7 LIBERTY LIMITED Less than 19 hours to Chicago—No extra fare. Leaves Washington. .. . .o Arrives Chicago. .. ...... 9:00 A.M. Additional trains leave Washington for Chicago at 7:55, 10:50 A.M., 2:15, 7:05, 7:20, 10:30 P.M. e To Detroit, the fastest train is The Red Arrow—only 16 5-6 hours. Leaves Washington . 3:55 P.M. . 8:45 AM. s leaves Wi Arrives Detroit. . . ‘The American for on at 6:30 P.M. and arrives in St. Louis at 5:10 P.M. For information and reservations telephone Main 9140. Sundays and holidays telephone Main 7380. PENNSYLVANIA RAILROAD Carries more passengers, hauls more freight than any other railroad in America Experienced Advertisers Prefer The Star e .