Evening Star Newspaper, April 4, 1929, Page 12

BUSINESS 5 SLACK AT D. G, MARKET Egg and Butter Trade Proves Exception to General Condition. Bpring buying on the local wholesale provision market continued generally slow today, with the possible exception of the egg and butter trade, which showed increasing activity. Egg supplies are hnvy but the de- mn]d“:]emum h’trbllm dmpmd dvgr:cleeu see little prospect of a particularly since the season of cold- storage buying is drawing near, Although the prices of poultry, meats -.nu pork producu have been stable for past, the butter market lhlded ofl allzhuy today. Today's Wholesale Prices. ‘Butter — One-pound pflnu 46a47; tub, 45246; store packed, 2: Eggs—Hennery, 29a30; fresh “selected, 28a29; current receipts, 27. Poultry, alive—Turkeys, 35a38; Win- ter chickens, 38a40: Spring chickens, 48a50; fowls. 32a33; Leghorns, 30; roosters, 22; ducks, 25; geese, 20; keats, young, 60a70; old, 35a40. Dressed— ‘Turkeys, 40a45; Winter chickens, 40a45; Spring chickens, 53a55; fowls, 84&!5; Leghorns, 32; capons, large, 45a46; small, 38a40; ducks, 32a33; geese, 202 25; keats, 80a1.00. Meats, fresh killed—Beef, 20a23; lamb, 30a33; veal, 22a27; park loins, 30; fresh hams, 26; fresh shoulders, 20; smoked hams, 28; smoked shoulders, 17; bacon, 22; lard, in bulk, 14; pack- ages, 15; compound lard, 12%a13. i SE? stock—Calves, 17; Spring lambs, Fruit and Vegetable Review. ‘The daily market rt on fruits and vegetables (compiled by the Mar- ket News Service Bureau of Agricul- tural Economics) says (sales to job- bers except where otherwise noted) : Apples—Supplies moderate; demand lght, market dull; barrels, no sales reported; boxes, Wuh!nswn extra fancy Winesaps, small size, 2.50a3.75; eflmm to large size, 3.00; bushel bas- irginia U. 8. No l 2!2 1nches up, . 8. No. 1,2% inches up, Romes; ]75!100 Starks, pale, 1.75; U. 8. No. 2% inches up, Wineslgs 2.00a2.25; vtmmnu S.No.1,2%, inches up, Stay- mans, fine quamy and condition, wrap- , 2.50; Virginia U. 8. No. 1, 2% chu up, Delicious, scalded, bruised, £ bbln—suppuu moderate; demand light, market firm; Florida and South Carolina, 1l~g-bushel hampers, pointed type, 1101165 South Carolina, barrel cnt,u pointed type, small, 2.25. upplies moderate; de- mlnd light, Carolina, dozen bunch crates, green, “Celery—Supplies moderate; demand light, market about steady; Florida, 10- inch crates, individually washed and precooled and crate washed, 4-6 dozen, 2508275, few 3.00, fair condition 2.00a2.25. Lettuce—Supplies moderate; demand light, market steady: California, crates, Iceberg type, 4-5 dozen, 4.00a4.50; some fair quality, 4.00a4.50; North Carolina, Bgck hampers, Big Boston type, 1.00a Onions—Old stock: Supplies light; demand light, market steady; Mlchlun, 100-pound sacks, yellows, U. 8. No. 1, 4.50a4.75; 50-pound sacks, yellows, U. 8. No. 1, 2.25a2.50; Ohio, H‘m-pound No. 1, 4.00; some sprouted, 3.00a3.50. & Potatoes—Old stock: Supplies mod- erate; demand light, market steady; New York, 150-pound sacks, round whites, U. S. No. 1, 2.00a2.10; Michigan, 150-] Russet Rurals, U. S. No. 1, 2.00a2.15. New stock: Supplies moderate; demand light, market dull; Florida, double-head barrels, Spaulding Rose, U. S. No. 1, mostly 7.00. Spinach—Supplies moderate; demand Mght, market steady; Texas, bushel 20,000 60.000 Take from it Everything market - steady; South | .uumm vukfin String beans—St !llht. market firm; 1 Green mmfm uouoo mr unmy .]::‘n‘imeon:lukm loola .'lb. slack pack, 3. Bllck Valentines, 3.00a3.51 — Suj ht nrht demnd market stéady; crates fancy, some fair qud.\gv%n 3.50; choice, 2.50. Eggplant — Supplies light; demand light, market dull; Florida pepper crates choice, 2.50a3.00. Peas—Supplies light; demand light, market slightly weaker; California 40- pound crates, 6.75a7.25; South Carolina bushel hampers small pod varieties, BectsSupplies light; demand light, pp! 5 market steady; Texas, Western lettuce crates, bunched, 2.50a3.00, Carrots — Supplies light; demand ushb. Gn.rksz dull; Texas, bushel bas- kets, 2.00; Western lettuce crates, bunched, 3.5083.75. Caulifiower—Supplies light; demand light; no early sales reported. ‘Cucumbers—Supplies libml demand slow, market dull; Florida, %-bushel hampers, fancy, 250a3.00; culls not wanted, no sales rewrtcd ‘Ohio, hot- e e e upp] ‘moderate; dem: moderate, market steady; Florida boxes Valencias, medium to large size, 3.00a 3.50; few higher. Grapefruit — Supplies moderate; de- mand light, market steady; Florida, few higher; small size, 2.5083.00. MONEY RATE GYRATIONS. Special Dispatch to The Star. BOSTON, April 4—McNeel's Finan- cial Servjce, in its latest issue of bulle- tins, declares that whatever one may think of the desirability of curbing apecuhunn ‘along the lines suggested by e Federal Reserve authoritics, no on» un have any great resg:ct for the way the money situation is being handled. “A policy or a situation,” McNeel's says, “which results in 20 per cent call money one day and the next day 8 per cent certainly suggests lack of com- petency. “The fact that bankers were able o ;| get & renewal rate for call loans of 15 | 4 per cent last Thursday to carry over the triple holiday only to have money offered as low as 8 per cent later in the day suggests a degree of artificiality which does not appeal to the stock market observer. However one may criticize, the fact remains that these are the conditions which exist and they are the conditions with which the investor must cope and against which he must protect himself.” —_— 4 American auto makers in recent years AV 1 “General Electric” VACUUM CLEANERS Supreme Values at Their ‘ery Low Prices 242 & 35 £ MUDDIMANS. 709 13th St. N. W, Main 140-6436 You Want in Mileage EAGE—Non-Skid—Com- fort—Confidence—or even sheer pride of ownership. What- ever feature you most desire in tires you can take in full measure from the Dual-Balloon. You may pickit for a single reason, but you will be served by all the features of super quality that have been built into it. SMALL INVESTORS prices there Is unusual speculation, Un- fortunately, speculation always has thrived ' on" investment, ‘as - barnacles ) ‘and f r.hereby squeeze out weak holdings of When the best in tires is now so mylob-y,ulymn-ydonglflh than the General? Washington’s Leading Tire Shop GENERAL TIRE CO (OF WASHINGTON) 13th and Eye Sts. N.W. National 5075 and 5076 [Ezclusive Distributor "GEN ERAL Dual-Balloon & Lamu!mhowwcudubfld%n i 1“8 on your Car DECLARED VICTIMS | g M-. o 155 pesple s Thton!:'ln!nvhhh Experts Say Curb on Speoulation | spanzing .;‘.' S e and Will Hurt United States Economic “Thm is one way md un!y ons vuy the Federal 'h for more than a ll tle vmfle lt & time, in its efforts to stop the ris> in stock prices. That is by injuring business.” Mr. Ca and Mr. Foster, who in the authorship of several books on economic subjects, in the most recent of which, “The Road to Plenty,” they present a plan for lvoldlplens economic ression, accuse the Reserve kept business men in a state of nervous PEEiive pony. by ndertaking to-con lve uni con- ml the ’u'.’J%r credit and by alternate vague warnings and reassurances. At the same time, they say, the board hes provided professional speculators with many opportunities to reap profits at the of small investors. out that without strength in business there is no possibility of sustained strength in the stock market, the statement says that as long as in- vestors have cenfidence in the growth will buy stocks is possible in any market. But as lonu as the present market, which is at bottom an investment market, is based on growth in rnl values, reces- sions cannot last long, cent speculation in stocks—and {f difficult to exaggerate—the fact remlm that the fundamental basis of present bull market is confidence in the soundness of American business and in the immediate possibility of further wth. And this confidence—apart the uncertainty created by the Federal Reserve Board itself—is war- ranted by the facts. That is why the board can achieve its announced pur- pose only by hurting business. “Even by so doing, the board can only tilizer for temporarily curl ulation. It can- of not prevent speculation. Wherever there a market in anything there is specu- lation. Whichever way the market moves there is speculation. 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