Evening Star Newspaper, February 21, 1929, Page 13

GURB SPECIALTIES - SHOW PRICE GAINS ITrend of Market Uncertain ! Pending Result of Re- | serve Meeting. BY WILLIAM F. HEFFERNAN. “#Bpecial Dispatch to The Star. NEW YORK, February 21.—With call money in good supply at the close of the business week, the speculative ele- ment in the curb market today was con- cerned for the most part with the mar- ket's technical position. The most logical explanation for the offerings which came upon the market was that they represented merely a de- sire to reduce long commitments in view ‘of the approaching three-day suspension ©f business on the Exchange. The movement of prices, however, was by no means uniform. A number of high-priced specialties continued in demand and were bid up sharply. In- cluded among these was Phelps-Dodge, up 19 points at 349. Later the price broke quickly to the previous final. New high record for the year were established in Sikorsky Aviation, Gold Seal Electric, Hart-Parr and Gotham Knitbac, gains ranging from fractions to 6 points. ‘The 550,000 shares of common stock of no par value of the Consolidated Aircraft Corporation were admitted to trading. The initial sale occurred at 3315, after which the price fluctuated ‘within a range of a point of this figure. | Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., February 21.—Po- tatoes, white, 100 pounds, 1.00al1.35; xew potatoes, bushel, 2.00a3. sweei ‘potatoes, barrel, 1.50a3.50; bushel, 75a 1.50; yams, barrel, 1.50a3.50; beans, bushel, 2.50a5.00; cabbage, hamper, 75a 1.25; carrots, bushel, 1.50a1.75; celery, crate, 1.75a22.25; caulifiower, crate, 1.50a 2.00; eggplants, crate, 4.00a6.00; kale, ‘barrel, 1.50a1.75; lettuce, hamper, 1.25a 2.25; onlons, 100 pounds, 3.50a5.50; oyster plants, 100, 6.00a10.00; parsnips, basket, 75a1.00; peas, bushel, 2.25a3.00; ppers, crate, 1.50a3.50; spinach, ushel, 90al. tomatoes, crate, 1.00a today: Sales INDUSTRIALS. in hiindreds. H s & El deb ris 2 Asso_Ravon pfd xd.. 75 33 Atl Fruit & Sug 3 Auburn Auto Co 82 3Auto Reg Mach 113, 3 Au § Aviation Co ot “Ar m lan Co Am n pfd 2Celan G Am 1Ist pfd. 1 Celluloid “Cc 2Cnt Atl El wa Sta El 6s pfd.. 11 Cent Sta El pfd ww. 1 Chain” Store Stock. . 2Cons Auto Mer Vic . 2 Cons Auto Mer pfd.. 1 Consol Dalry P 4§t 3 Consol Pilm . 2 Consol Laund 2 Curtiss Flyng Serv.. 5 Davenport Hos 34 Deere D 15% 44! 4.00; turnips, basket, 30a40; apples, bushel, 75a2.00; cranberries, half bar- rel, 7.00a8.00; grapefruit, box, 2.0083.50; tangerines, per half strap, 1.50a2.50; oranges, hox, 2.25a3.75; strawberries, «quart, 35a40. Dairy Market. Poultry—Alive, young turkeys, pound, 35a42; old, 25a35; young chickens, 34a 42; small and poor, 20; old hens, 20a 30; horns, 20a28; capons, 33a42; old by rs, 17a20; ducks, 20a32; Guinea fowl, each, 40a85; pigeons, pair, 30a35. ., Dressed_turkeys, young, pound, 35a 42; old, 25a35; chickens, young, 32a36; old and mixed, 28a32; capons, 34ad4; ©ld roosters, 20; ducks, 25a30. ts, 1,393 cases; native Tod 1 Federal Water A 2 Firem Pund Ins x ris 100 m. . 2 9¥ox Theaters A.. 1i’reed Eisem R C. .. . 12 Freshman Chas Co.. 1 Alloys sdts 16% 204 | Following is a list of stocks and bonds | traded in on the New York Curb Markes igh. Low. Noon. 90 ' 90" " 90 7y 607a 35 100% 1 ta 23 1Morrel J & Co...... 6 BK of Columbia 467 rv 8 Reg M cv pr pait 24% m.. b4 233 Sta 4 1 Northwest Engrg . 2 4412 2643, 258'2 L 90, 1 107% 108 40, S 4Nat Tea n...... 2 Nauhoim _Ph ‘pfd 7 Newton Steel n . 7Nichols & Shep . 5Niles Bem Pnd Wee ....... Amer Aviation. Eastern Pow P A A 3 Param Cab Mfg .. . 1Penn Ohio Ed . 1 Penn O Ed 6% 1Penn O Ed p 2Peop Drug_Store .. 3 Peop Lt & Pow Cor A 50 Petrol Corp 1 pfd 3 Phelp Dodge "Cor 3philip Morris . 1Philip Morris A0 1Pick Bar & Co pfd Governor ... 4 Pitney_Bowes P | Scr & Bolt Pow Sec Cor pfd & Gamble P & L ptd viat 4Silica Gel " ctfs. 6 8ilver I & Bros. Thomps 1 Timken 1Todd 1y Siores. . 4 hundre 5 8 12 V | units. 1 500 300 8 100 8 200 S 300 Vi FE00! 37E3283 amem: =t Salesin thonsands. 4 e 55 A '53 86% 19 Abitibt PAP 38, 5% 0023 (1 EPTYY gt Teg 3 Received by Private Wire Direct to The Star Office 1 Nipissing 7 Noranda Sales in ds. 8Am’ Con Oilflelds alt Ck Prod........ enezuelan Pet ... 8 'DARD OIL ISSUES AND Sale in o AR MYRTDIARTES —STOCKS. \ 1800 Anglo Am Oil....... % | cent under normal. Some experts say 1004 A O non viellllll | €00 Chesbrgh Mfg 3590 Co 50 Cumberland 300 Humble O & 50111 P L. ontl Ol . O Indiana ©O_Kansas. ... O Rentucky n acuum Oil ... BONDS. Pow 55 A A Amer 55 '53. 100% 5 Alum Co Amer Ss '33. 190 Lid 5 AR yw 528 n C Lid 58 A ‘an Nat Ry 7s E ) R 5t 25 43 7 23 5 S 2= o IR SLUMP IN CATTLE MARKET IS SEVERE Billion-Dollar Shrinkage Noted in Paper Value of United States S Live Stock. BY J. C. ROYLE. Special Dispatch to The Star. . NEW YORK, February 21.—The re- cent slump in the cattle market has been the most severe in years. It has dropped prices around $4 a hundred pounds and has lopped off from the paper value of the live stock of the country approximately $1,000,000,000. Everett C. Brown, president of the Chicago Live Stock Exchange, estimates that in the last six months $1,375,000,- 000 has been written off the country’s cattle. Several reasons are advanced for this situation. It is evident that demand for beef, owing to high prices during the last year, has been so curtailed that consumption in some sections is 25 per that the fact that markets are clogged with beef which cannot be sold and that consumers still have to pay high prices is attributed to the drop in price of hides. It is an acknowledged fact that meat is sold on a narrow margin of profit and that by-products have not a little to do with establishing prices. Still other statisticians call atention to the fact that the diet of the Amer- ican public has changed materially. They say that the inhabitants of this country eat 45 per cent less meat than 10 years ago. At the same time consumption of salads has increased 110 per cent. Pastry has dropped off in consumption 25 per cent, white bread 29 per cent and pota- toes 15 per cent. Items of diet which have, increased are ice cream, 70 per cent; malted milk, 63 per cent; whole milk, 62 per cent; fresh fruit, 39 per cent; fresh vegetables and whole wheat bread, 35 per cent; cereals, 34 per cent: canned fruit, 33 per cent; poultry, 25 per cent, and eggs, 11 per cent. These figures are compiled from a survey of restaurant and hotel records. In_this list may be found the reason 43 Stinn Hugo 7Ts '38 wa 041; 94 941; Ser 75 A ww '36 8% 80% 895 A Onl st w 6%as A ‘47 86 86 88 xd—Ex-dividend. wi—When issued n—New. ww—With warrants. for the remarkable profits which some farmers have gleaned from the dairy ]l&dultry and the losses in some other es. Strong efforts are being made to in- duce growers to withhold cattle from market until the situation can adjust itself. Production of beef in this coun- try, according to experts, is not too high and even with the present drop there are profits in sight for many producers. Breeding herds have been reduced to a minimum, and while they are being built up, the supply does not seem likely to be burdensome. Sailors Cutting the Grog. The custom of issuing grog on the vessels of the English navy still pre- vails, but the amount consumed has fallen off very materially. It is said that on some of the vessel less than one-quarter of the members of the crew draw their grog rations. The fast that those who do not take the ration get threepence a day from the admiralty may provide one reason, but the main cause is probably because navy men are of a superior type to those of even a few years ago. ‘The ceremqny of drawing the daily rum ration takes place at six bells—11 o'clock. After a bugle is sounded, the rum is produced in a polished, brass- bound tub bearing the loyal and pious inscription, “The King, God Bless Him.” Among those present at the issue are the ship's steward, the cooper and the leading seamen of each mess, who bring a receptacle to draw the ration. Burros Out of Business. ‘The burro was once one of the in- stitutions of the West, bfit now in many sections, particularly in the Southwest, the animal has been thrown into the discard. Once they were valued burden bearers, but now they have been aban- doned, as their work is done by the automobile. They have been set at large in many instances by their one- time owners, and roaming in small bands they have become a nuisance. They enter the smaller towns at night and, besides annoying the residents with their noise, they do considerable damage to crops and other property in their search for food. The town of Sante Fe in New Mexico for a while employed a man to kill wandering burros. 4 A Better dressers of Canton, China, are adopting soft collars made by tailors to match shirts. ~—— THE EVENING STAR. WASHINGTON, D. C. THURSDAY. FEBRUARY 21, 1929. NEW YORK CURB MARKET 4 Kobacker Stores Biography of Goldfish. It was the Chinese who first evolved the goldfish from the little olive-gray , perhaps in imitation of the golden #ish that is one of the eight symbols of the Buddha. The Japanese then took up the industry of breeding them. They produced the veil-tail, with its four inches of trailing gossa- mer fins, and many other kinds. They are working now on a “dragon-fish,” in imitation of another fish in Chinese myth. There is a highly contagious and deadly fungus also which is espe- cially liable to attack the delicate fins of the fancy breeds, The common kind, however, are hardy enough. They come overland from Italy, 10,000 or more packed in a tin container only two feet in diameter and one in depth. Yet deaths en route are uncommon. Where a Sneeze Is a Disaster. The operation of “taking a talkie” is a much more serious affair than in the old days of the silent screen picture. Everything that moves must be muffled. The cameras are covered and the persons who'are compelled to move about as the pictyre is made all do so with muffied footsteps. The start is not made until the word is passed and every one reports readiness. The performer who feels a tickling sensation in the pose will indi- cate the same and the show is held up until nasal explosion takes place. A sneeze or a cough during the making of the picture wouid be a disaster, for cut ting and patching the film is not pos- sible with the “talkies.” Piscatorial Electrical Plants. ‘The Field Museum of Natural Science of Chicago has recently opened a de- partment devoted to large sea fish, a considerable part of which is given over to the “rays,” which includes the cow, nosed ary, which digs clams from the sea bottom with its snout and chews them, shells and all, with its strong jaws; the electric ray, which, having no bodv armor, defends itself by giving a surprisingly strong electric shock to other creatures which come into con- tact with it by means of the electric battery which nature has provided in its body; the leopard ray, ome of the fastest swimming of all fishes; the sting rays, which have sharp barbed spines on the tail with which they are able to strike a severe blow at enemies; the butterfly ray and the sawfish. ‘The rays have, for the most part, broad flat bodies and large extended pectoral fins. In swimming, they flap these fins, which resemble the wings of a bird, and they literally fly through the water. 13 \WHEAT 1S LOWER ON INITIAL TRADES Bumper Crop Predictions for Kan- sas Have Bearish Influence. February 21 —Predictios T crop of wheat in Kansas n, despite severity of Winter conditions, led to an early setback of wheat values today. Bullish figures on the world’s available supply of wheat had only a transient effect. Opening at a shade to advance, wheat later dropped to below yesterday's finish Corn and oats were also easier, with corn starting ' off to 'y up, and sub- sequently undergoing a sag all around. Provisions held firm. Future delivery selling of wheat today. based on forec: of a big yield of wheat for Kansas during 1929, proved quickly to be more than a counterbal- ance for announcement here that the world’s available stock of wheat had decreased 11,758,000 bushels in January compared with an increase of 105,67 000 bushels in December and with an increase of 23,375,000 bushels in Jan- uary last year. Furthermore, as against prospects of a bumper yield in Kansas, little notice was taken of word from India that expected production of wheat there was small and that large imports would be needed. Corn price downturns today were as- sociated with selling of corn aghin: purchases of oats to undo spread tran: actions heretofore in which corn was bought and oats sold. There also was selling today of corn into store here on a liberal scale. Besides, advices were current that picking of corn in Argen- tina this season will start earlier than usual and that South African new crop prospects for corn were somewhat bet- ter on account of showers. Seeing the Sights in France. A novel combined appeal and threat to motorists has been made by the au- thorities at Arcissac, a French village. A signpost has been placed at each entrance to the village bearing the legend: “If you drive slowly you will see our jail; it is very damp.” More than 250,000,000 pounds of sar- dines were eaten throughout the world in the past 12 months. L ts, 42a44; current re-| - $Gen Pub Ser........ 30% 382 38 S35 00oase: 22323832 S 2igEaSaEessa; 138300 2 Do B entn S 0T B retncn oo Sgmagggne BE= 57, trawb & Cloth 6s '62 Elec. o hs 218% 210k 13 109% Switt & Co b5, 32 Bacl ' 219¢ idman Sachs n willl = 109’ k M 19% 19% PEPERET TS ‘A gqad B i W fel 5 d Grip Shoe. 1Ground Grip Shoe pf 38 1 Guardian Fire . 81 e enots Bhs papg Ties! o 2 eeder Roat, 4 s 44 5 it & Bond B . 1 it H er g{&'hcz s, i ayne Pump 3 b 4 4Van Camp Pk 6s '8, 96% ivms (& & 4 7 Westn Pow 5148 A /51118 Wil 'Low Gar s 25 8 Wheel Stl 4ls B '53 89 nter B J th Radio gggs 5 4 u._ = (= & Sales FOREIGN BONDS. in thou: URBIARGS" Atres 79 53, 100% 1 Buenos Aires Tigs 47 103% G 8t ‘51 88'% FER -¥” { § L3 sE2232a2e2ES = 223332823232 & g 5 £+ >3 gE383 o ] sgnuIsNsansgate 8 giali o U ettt 88 o Is] TE R g i e o 11 < o3 £ § 1 8 [ '] 1 1 4 2 i of 3 2 1 3 1 H 1 3 2 b 1 822 32328 Szeeg g senting the family, sits down and eats thi. food prletpl;ed. a result of this training they have gained confidence in their ability to -plan, prepare and serve adequate meals; and théy have learned to like foods ‘Which #re necessary in a well balanced New Building Like an Antique. An addition to a building like the ‘Westminster Abbey or even the erec- tion of a structure in its immediate vicinity is a very serious matter for fear that a mistake might be made and something inadvertently done to mar the appearance of the old structure and 50 when it was suggested to erect a new sacristy in connection with the anclent structure, those in authority hesitated to take any steps for the fear of doing something for which they might be criticized. ~Accordingly, a full-sized model was constructed byl four well known artists and a corps o(l .__.»‘-"":r off the reel LESS you have gasoline of the proper vola- tility you frequently over-choke yoiuj engine. This means crank case dilution, poor iu.bricafion and poorer piston seal within the cylinfler walls. Less power. ‘‘Standard” Gasoline starts “right off the reel” the instant the foot kicks the starter. Always under all conditions of traffic and weather “‘Standard” Gasoline is powerful, economical, and B e i . B s SN S s S A . ; : : , .equivocally. Used by millions. Get the genuine. Soa i ThucBnmtigon ' ' On sale everywhere at the big red “Standard” pumps with the “Standard” globes. Made right ‘The tribesmen of Africa know that and sold right. Always right on the job. r JOSEPH McREYNOLDS, Inc. to which no one in the colony will ven- the white persons they come in con- 1#th Street at B Maintenance Potomae 1631 ture an answer. But whatever out- Kansas Ave.'and Upshur St. ale tact With view their rituals and cere- siders think of customs there, the na- }-n;],:"_;.f-"g‘-l'l';‘.&"}'ug Golumbla, 427 x&nme:i li.‘s'h"n'u 2 THE QUICK STARTING—ALL °ROUND ductorless symphony orchestras, inished at 4 o’clock on a J$ o’clock route The flashing acceleration of a powerful yet eco= nomical motor, featherweight steering, positive 4-wheel brakes and ease of access offered by the Studebaker delivery car permit the driver to save many precious minutes. Studebaker delivery cars perpetuate Studebaker’s 77-year-old reputation for quality. Their appear- ance adds prestige to the owner’s establishment. Better delivery service depends upon better equip= ment—Studebaker offers every advantage in power, capacity, speed, safety and economy. assistants on the proposed site at a cost of about $10,000. The model is situated on the rectangular patch of grass formed by the north wall of the abbey and the east wall of, the north transept, and although it is in full view of all who enter the abbey, only those who know the abbey intimately have detected its presence. It stands on an area about 30 feet square, with tessellated walls 20 feet' high. It is inconspicuous because of its almost exact resemblance in design and age to the grimed walls of the abbey. The now completed model is composed of wooden frames covered with canvas and plaster. It is a shell only, the inner side of the walls being bare and supported by rough buttresses, and the outer sides painted the appropriate color. The artists have made the model appear to have been constructed of THE 8 REASONS WHY 1 Starting—even in colds 2 ety 2 Quick Acceleration—neces« sary in traffic. 8 Pouwer, Steady and Reliable —for hill climbing and long hard runs. 4 Mileage Efficiency — over and over b; mm in every type of car. 5:Safety to Motor—a fuel that cannot possibly injure your engine. 6 (bmpl;]leflrmbd llluion—bum- completely, leaving practi- ally o carbon, no “looss ends” to dilute the crank case oil. 7 Uniformity—every is 1il eevcryolherpll!::I::cr- ever you buy it. 8 Availability—the red “Stand- ard” pumps are convenient- 1y lou(er throughout the length and breadth of this state. 10 $3485~14, 1, 21/, 31/ tons 1-ton Panel (illus- trated) $1450 Prices atthe Jactory for this reason an impenetrable veil of secrecy surrounds most of these oc- casions, according to a returned trav- eler who spent many months in Nyasa- land, hoping to learn something of an authoriatative nature about these cus- toms. The primitive beliefs in the su- pernatural are often derided by those who have never came into close con- tact with them and newcomers to the British colony, which is not often vis- ited by those going to Africa. But the white persons who have been there for years have mare respect for them. ‘There are mysterious occurrences which have puzzled everyone and the answer and spells for good or bad and has implicit faith in good luck pleces he carries for protection. e o Russla is trying the plan of con- monies with curiosity and are not duly 1423-25- b impressed wtih their significance and tive never doubts the potency of charms Decatu Decatar ‘oie """ Poiomas. 24