Evening Star Newspaper, April 17, 1929, Page 15

VEGETABLE SUPPLY EQUALS DEMANDS Nearby Farmers Prevented From Gathering Crops by Heavy Rains. i Rainy weather the past few' days| proved a serlots hindrance to nearby | farmers and truckers, rain making the | ground so soft and muddy that it was next to impossible to gather crops. Re- ceipts of Spring vegetables from distant points have bsen heavy enough to supply demands, however, and prices have not increzc2d (. any material ex- | tent. 1t is reported that flooding of some of the lowlands resulted in damage to growing crops. A short season of dry weather and sunshine probably will re- lieve the situation and result in the gathering of increased quantities of vegetables. Spring onions have been unusually plentiful the week or more, dealers recewving them in such large quantities that the smaller ones retailed as low as 15 cents a dozon. Vegetables From South. No sales of old stock onions have been reported the past few days, con- sumers demanding the bunched Spring vegetable or new stock, chiefly yellows Ci Bermudas from Texas. Texas stock, standard crates, have sold around $2.50 and $2.60, few sclling as low as $2.35. Dealers reported a fairly good demand for the Texas product. Moderate receipts of new cabbage, mostly from South. Carolina, have met a light demand the t few days that weakened the mark ushel hampers | are selling at $1 and $1.25, while barrel | crates are selling mostly at $2.50. | Light supplies of most vegetables from the South were reported today by the News Bureau of Agricultural Eco- mnomics, the list including spinach, to- matoes, peppers, squash, eggplant, cu- cumb: onions, celery, beets, carrots and peas. A;slight advance in butter prices was reported today, while egg prices con- tinued unchanged. It is thought egg re- ceipts soon will increase, shipments hav- ing been delayed by the wet weather. Prices of most commodities this morn- | ing were the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers” Prices Slightly Higher, Butter—One-pound prints, 46'2a471%; tub, 4512a461%; store packed, 28a29. Eggs—Hennery, 28a29; fresh selected, 27a28; current recei] Poultry, al 35; Winter chickens, 42a45; Spring ehickens, 50a 55; fowls, 33; Leghorns, 32a33; roosters, 32; ducks, 25; keats, young, 60a75; old, 35a40. Dressed—Turkeys, 40; Winter chickens, 45a48: Spring chickens, 58a 60; fowls, 35a36; Leghorns, 35; capons, | large, 50a52; small, 45a47; ducks, 32a | 33: keats, 80a1.00. Meats, esh killed—Beef, 21a23; veal, 20226; lJamb, 30a32; pork loins, 30; fresh hams, 26; fresh shoulders, 20a21; smoked hams, 28a29; smoked shoulders, 20a21; bacon, 22; lard, in bulk, 1312a14; Ppackages, 15; compound, 121a13. | Live stock—Calves, choice, 15; me- dium, 10a12; lambs, 20. Fruit and Vegetable Review. The daily market report on fruits | and vegotables, compiled by the Market | News _Scrvice Bureau of Agricultural Economics, say: Apples—Sup : market steady: barrels irginia, U. 8. No, 1, 215 inches up, Winesaps,’slightly scalded, 5.00a5.50; U. S. No. 1, 241 ihches up, Yellow Newtown: 00; U. S. No. 1, 25 inches up; ) kets, Virginia, U. S. No. 1, 2% inches up, Staymans, 2.25; U. 8. No. 1, 212 inches up, Winesaps, 2.00a2.25; U. S. Neo. 1, 214 inches up, Winesaps, 1.5 U. s.'No. 1, 23; inches up, Pnragonst 2nd Romes, 2.00; boxes, Washington, medium to large size, extra fancy Winesaps, mostly. 3.00. Asparagus—Supplies moderate; de- mand light. market dull; South Caro- Jina dozen bunch' crates, green, long. very large size, 5.50a6.00; large size, 5.00 a5.50; mediul size, 3.5024.00; small size, 3.00a3.50; very small size, 2.00a2.50. Cabbage—Supplies moderate, demand moderate, market about steady; South Carolina, 1}, bushel hampers, pointed type, 1.00a1.25; few low as 75¢; barrel crates, pointed type, 2.50a2.75; mostly 2.50. Celery—Supplies light; demand light, market steady: Florida, 10-inch crates, hed and precooled, 3-4 25; 8 2.50a2.75. ; demand iceberg type, 4-5-doze mostly 6.5 ew lower; North Carolin: 5-peck hampers, big Boston type, leafy, 2.00a2.50. oy Onions—Supplies light; demand light, market slightly weaker; old stock, no sales reported; new stock, Texas, stand- ard crates, yellow Bermudas, mixed, No.| 1 and No. 2, 2.40a2.50; few low as 2.25. Potatoes—Supplies moderate; demand | light, market slightly stronger; Florida, double-head barrels, Spaulding Rose, U. 8. No. 1, 7.25a7. mostly 7.2 ld stock, New York, 150-pound sacks, round whites, U. S. No. 1, 1.85a1.90; Michigan, 150-pound sacks, Russet Rurals, U. S. No. 1, 2.00a2.10. Spinach Nearby receipts light; trucked in stock supplying the market. Strawberries—Supplies moderate; des mand slow, market weaker; North Caro- lina, 32-quart crates, various varleties, mostly ordinary quality and oondmon‘ showing effects of rain, 3.5026.00; most- ly 4.5025.00. Tomatoes — Supplies ' light; demand light, market firm; Florida, sixes, ripes and turning, wrapped, No. 1 fancy count, 7.50; choice count, 6.25; green, wrapped, No. 1, fancy count, 6.50a7.00. String beans—Supplies moderate: de- mand moderate,. market, firm; Florida, 7;-bushel hampers, green, Bountifuls, 3.00a3.25; poorer, low as 2.50. Peppers — Supplies light; moderate, market slightly pepper crates, fancy, chpice, 3.50. plants—Supplies light; demand light, market dul Florida, pepper crates, fancy, 3.00a3.50; fancy high as 4.00. ‘Squash—Supplies light: demand light; market firm; Florida, pepper Ccrates, fancy white, wrapper, 3.00a3150, mostly 3. fair quality - and condition, 2.50 22.75. Cucumbers—Supplies light; demand light, market steady; Florida, 7-bushel hampers and square bushel crates, fancy, 3.5024.00. Peas—sSupplies moderate; demand light, ‘market slightly weaker; Soyth Carolina, bushel hampers Laxtons, 1.50 21.75, poorer low as 1.00. ‘Beets—supplies ligh market dull; Texas, western lettuce crates, best, mostly 2.75; fair quality condition, 2.25a2.50. Carrots — Supplies_ light; demand light, market. dull; Texas, bushel bas- ets, bunched, 1.75. demand stronger: 4.50; ; demand light, | 5 Lib 3%s... Lib 18t 4%8 991 99 2 988 93 6 25 1024 170 b3 Argentine 6s Ju 5%, Argentine May '61. 2 Vet 59 15 7 . B..... 10 Australia 4%s56.. 15 Australia 68 1956 29 Australia 68 1957., 7 Bank of Chile 6%s. 10 Bank of Chile 6% 8. Belgium 6s Belgium 6%S...... Pelgium 7s 1955... Beigium 78 1956. Canada §s1931..... Canada 6s 1952 Canada 53%s 1929, Copenhagen 6e ct.. Cuba 5%s... Czecho 8s 1951 Czecho 8s 1952...., Danish Munic 8s A. Denmark 4%s. Denmark 6s. ... Fiat 7s x war 46... Finland 7s.... Framerican 7%s. French 7s. French 7% German 7s. Holland-Amer 63, Hungary T%s. Irish Free State 5s. ltaly 7s ltalian Pub 8 7 Japanese 4s. apanese 64s..... Kreuger&Toll 5s et Lyon 6s..... Marseille 6; | Mexico 43 04 asntd. lexico 58 asntd.... ~ iexico 45 '10 asnt. Milan 6%s.... Norway 6343 1952, Orient Dev 5%s Paris-Ly-Med 6s. Paris-Ly-Med 7s. .. Paris Orleans 634s.. Peru 6367 w1, Peru 6s ctfs. Pirellf 7s '62. Prague 734s. Queens!and 6: Queensland 7s. RhineWst EP 6! RhineWst EP 6553 Ri0 dé Janeiro 63 Rio GrDo Sol 6s 48 16 Gr Do Sul 8s. Rome 6%s. 9. Sao Paulo 8s 1936, . | Sao Paulo 1 Serbs Cr Slav 7. Serbs Crot Slo 8s. Soissons s, Sweden 533, i Swiss 535 1946. ... Tokio 53s 1961 Utd Kingm 6%s 37, Utd SteamCopen 65 Uruguay 6s1960.. . Vienna 6s 52 8 Warsaw 7s 58, 9 Yokohama 6s wi... 4 MISCELLAN Alleghany cv 58 w1 119 AmAgriChem 7% Am Chain 6s AnSmit& R 13t 5s. 25 Am Sugar Ref 6s... 11 AmT&Yeltr4s.. 4 AmT&T cl tr b 18 AmT&Ts ! s Am Tel & Tel b .4 Am Water Wke bs. 43 Anaconda 1st 6s.... 42 Armour&Co 4% Armour Del 6% Associated Ol 6: AtlGulf 8 bs. Atlantic Refin b Bell Tel Pa 6s B Bell Tel Pa6sC.... Bethlehm Stl pm s 39.17 . 16 Illinots Bell st 5s.. Ilinots Steel 434, | Indiana Steel 63, Iniand Stl 43 Intl Cement 58 48 Intl Match 58 47... Int Mer Marine 6s. . Int Paper 68 47.. Inter Paper 6s. .. Int Tel&Teleg 4%s. 20 Int Tel&Tel 4%s cv 718 Kendall 51%8'48 war 10 Laclede G 6%s 52 2 anges—Supplies moderate; demand lerate, . market steady; orida, boxes, medium to large, No..1, H No. 2, medium to large size, 3.0(23.25. rapefruit—Supplies light; demand t, market firm: Florida, s, N 1, ‘medium size, 3.50a3.75; No, 2, medi- um size, 2.7583.00. 7 —_— i Machinery. Infi\utry. EW YORK, April 17 {#)—Ameri- Machinist reports that activity in ery industry, continues at ttained during 10 /! levels in 83 N Y Tel N Y Tel 6549 9 North Am Edis 5s.. 51 22 6 2 1 3 PhilaCo 6867 w 1 om Rnd 6%s war. 20 Sinclair Ofl 68, 17 the tex- | Sinclair 01 6 ,nlchlw-n-ehmn‘.. hltuh&h’“l*- Anaconda cvdb 7s.. 45 2 Close 988 8 9915 5 9921 988 986 102 9918 9925 988 98 6 1024 10510 10429 1056 109 20 10826 109 20 FOREIGN. Sales. High. 1#9- Close. 9914 & 100% 87% 103% 943 99% 1034 107% 111% 1054 103 1007% 953 102y% 109 97l 88 103% 98% 98% 86% 823 kTR 82 8% EOUS. 1013 105 104% 104° 9T 97 103% 103% 101 101 104%1104 99% - 99% 104 103% 103% 103% 106% 106% 9814 104% 214% 90% 1 Kelly-Spring 8s. 21 86% 95% 95 . 1,98 98K 197106% 1061 110% 110% 100 993 101 100% 101 101 104% 164% 101% 101 103 102 93% 100 104 99% 934 101% 104% 97 103% 101 104, 994 104 4| Chi Union Sta 5s 4. 11 4| Clev Term 5% -| Ga & Ala 1st 55 '45. - | Kansas City S 38 Sin Pipe Line Slkelly O1! 5% South Bell T Southwest Bell bi Stand 011 NJ 58 4! #$tand OLIN ¥ SugarEstOrient TennElecPow 68 47. ‘Transcontl Ol 6%s 6 United Drug 68 63.. 43 33 Utilities Powr %48, 8 Warner Sug 7s 41.. West Elec 58...... 1 Westn Union s 61, 11 Westn Unton 6%s.. 1 Wilson & Co 18t 6s. 4 4 Yngstn S&T 6s wi. 36 RAILRO [[onzew. vorx BONDS srocx zxcaayez] UNITED STATES. (%aine are (o $2.000 % Sales. High. Low. 103 108 101% 102% 96% 96% 92% 92% 105% 29 95% 91 AD. Atchison ad] 4 7 '85% Atchison gen 4s. Atch deb 4%s 48 Atlantic C L 1st AtlantisC Lel4s.. 4 AtlanticC L 4%s 64 11 B&O Gold ¢s. Boston & Maine 5s.. Brooklyn Eleo 63 Rkiyn Mannat 6s... Bush Term con 5 Can Nat 4%s 30, Can Nat 4348 54. ;|Can Nat 4343 67, Cent Pac 18t Chesa Corp 63 w 1, o |Ches & O 4%s Chi B&Q gen 48 63.. CB&Q4%877B.. 7 CB&QIII3%s.... 53 CB&QIlldivds., 2 Chi&E 11l gn 6s51.. & Chi Gt West 45 69.. 30 CM&StPgn8d... ChiIM&StP4145C89, ChSItPM&O 58 '30.. Chi T H inc 68 60. .. 49 Chi& W indcn ¢s.. 16 C& W15%s62. CCC& St L 58 D. CCC# StLrf6sA Clev Term 5s. ..o Colo & Sou 4%s. Cuba Nor §%s cts. Del & Hud 1st rf s Del & Hud 5%s. & GRNNE R SUma——® Eriecvt6s67 wi... Erie conv ext 7 FlaEastC5s 17 Fonda J&G 4%s'52, Gr Trunk stdb 6 Grand Trunk 7s. Gt Nor 4%8 76 D... Great North 6S..... Great North 6%s... Great Nor gen 7s. Green B & W deb B. Hav El Ry 6%s 61 e e ey S8ummrmw—Ru o FgSm A m ek m e S Int Ragld Tri Int Rys C A 6s 7 Iowa Cent 1st 5: nsas City S 5s LRSS Lehigh Val cn 4s. . Lehigh Val §s 2003, Louis&Nash unt 4s. L &N 4%s2003.., Louis & Nash 7: » Market St 78 40.... MilEl Ry & L 5s 61 Minn & StL ref 4., MInn&StL fd 5s 62. M St P&SSM cn 4s.. M StP&SSM ¢n bs.. 0 ErmBoaSe —NmShan Mo PacssF 17 Mo Pacific 6s G 8 Mont Trm ref 5s 41. Nassau El 4s51.... NOTex&M5sA.. NOT&Mb6%s.... N Y Cen gen 3%s.. N Y Cent deb 4. NY C&StL 4%sC.. NYChi&SLL 6%8A. NYChi&StL 6% B. New Haven 3%s 54, New Haven 3% s 56, NYNH&H 4s66. NYNH&H4% NY NH&H cvdb és, Nor Pac 38 2047. Nortnern Pacific Northern Pac bs Ore Wash 1st 4. Pennsyl gen 4 Penna R R 4%5'63. Pennsyl gen bs. Pennsyl bs 84. Reading gen 4%8 A Reading J C 4s51., Rio G West cl 4s.. R1Ark& L 4%s..o Lesiirm BEAD O 13D Seab A L re SeabAL ad} Seab A L con 68, S BAIlFla 6535 A SB All Fla 6835 B, .. 8 631949, 65 . 34 4 4868, 6 #flh 17,. 30 % 103% 107 96'% 81% L0 1027 98 974 1 Ton o 19 DOMESIIC BONDS First-and Second Grade Rails Are Prominent in Rising Market. il BY CHARLES F. SPEARE. Special Dispatch to The Star, NEW YORK, April 17.—Further progress was made today by nearly all classes of domestic bonds, with several of, the forelgn groups quite strong. The average of the domestic issues is about one-half 'point above the low range made between March 27 and April 9. The strongest bonds were the first and second grade rails. Atchison Gen- eral 4s, which were down to 90 at the year's lowest, sold within a fraction of their high of 931,. Baltimore & Ohio first 4s at 92, compared with their low and their high of 93. Canadian Pacific debenture 4s showed & rally of 3 points from the March level. and Frisco prior lien 4s, with an advance today of ', had recovered 3 of the 4- point loss that occurred between Janu- ary and the end of March. Erie re- funding 5s were 4 points above their low of the year and within a point of the high. Fractional additions were made to the gains already recorded in the 412 per cent issues of the Frisco, Rock Island, Wabash, Union Pacific and Chesapeake Ohlo. The popularity of this type of bond is significant, inasmuch as there has been relatively little recovery so far in the high-grade listed public utilities or industrials. The strength in stocks that have been under pressure recently gave oc- casion for recovery in some of the con- vertible bonds. International Telephone 415s had the first good rally since their drop from 131 to below 119 and were more active. Atchison 4';s rose a point. Anaconda Copper Ts added 3 points to their late advance yesterday of 4 points. It is understood that in- surance companies have been quite large buyers of the new Southern Pa- cific 4s. Seaboard Air Line adjustments and consolidation 6s reached 1}z to 25 points. | The moderate tone of President, Hoover's message on the tariff gave some encouragement to holders of Cu-! ban Sugar bonds. The lssues of the rubber and tire companies were also stronger in spite of the unsettled condi- | tion of the rubber market. \ U. S. Government bonds and certif- | jcates were steady. There was less| trading in the foreign list and (e\\" changes of importance, although strength in the French governments | and industrials was maintained. | i . STEEL CORPORATION CUTS STOCK MELLON: By the Assocleted Press. NEW YORK, April 17.—The United States Steel Corporation cut a $40,000,- 000 melon yesterday through the offer of 1,016,605 additional shares of com- mon stock at $140 a. share to stock- holders of record May 1 in the ratio of one new share for each seven now held. The melon represents a step in the corporation’s refinancing plan calling | for the retirement of its funded debt,| which totals $271,385,000. The 50-}'2![‘} 5 per cent bonds will be called on Sep- tember 1 and the directors intend to call the 10-60-year 5 per cent bonds on | November 1. The issue of additional stock will net but $142,324,700, whick will not be ad- equate to retire both issues, but it is understood the corporation will retire | the 10-60-year bonds out of surplus, which 1t is"well able to do, as cash and marketable securities on hand Decem- ber 31 totaled $219.646,000. The 1,016,605 additional shares will increase the outstanding stock from 7,116,235 to 8,132,840 shares. In financial circles it was regarded as virtually certain that the present 7 per cent annual dividend rate will be main- tained. PARIS BROKERS BUILD . “WILDCATTER” SLICK T0 FORM OWN COMPANY By the Associated Press,’ . NEW YORK, April 17.—Thomas B. Slick, called the “wildcatter king” of the oil flelds, has filed incorporation apen for his own col ~ be own as the Tom A month ago Slick Continent oil to the Oll & Gas Co. for $30,000,000 announc- ing he would take a year’s vacation. ,The new company will have a capi- talization of 600,000 shares. There was no announcement of any plan to offer any of the shares to the public. Slick, who is 46 years old, began his «career in the oil fields as a mule driver, tool dresser and driller. In 1911 he 'struck ofl and founded his present for- tune, becoming the largest individual operator. He has successfully opposed various powerful combinations the oil{ fields. ——— \LTLANTIC COAST LINE. RIGHMOND, .Va., April 17 (#).—Of- ficers . and directors of ' the Atlantic Coast 'Line Railway were re-elected at the amual stockholders’ meeting held here rday. ‘The annual report, ~irned',by George B Elliott, president, ~nd H. \Walter, chairman of board, +howed wet income for the year ended December 31, 1928, of $5,973,323, a de- crease of \$1,412,304 from the year 1927. The directors, meeting at the close of the stockholders’ session, declared a cash divideryd on the common stock of 31, per cent and an extra of 1% per cent, payable out of the non-operating income, both \pavable July 10 to stock- holders of record June 12 at 3 o'clock. ‘The report showed operating revenues for last year amounted to $71,393,174, a decrease of $3.033,121 from last ;ear. Operating expenses were $55966,058, a decrease of $8,364,176. Total operating income was $9,586,449, a decrease of $401,046, and non-operating income amounted to $6,718,505, a decrease of $1,010,940. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford 1 Benefit Life Ins. Co. * Main 475 Representing M 1520 K Street is the ‘tone of voice in Printed Advertising. It . will speak for you appro- priately and eloquently a4 The Service Shop « « « « Byron S. ADAMS) Printing That Achictes MAIN 512 Eleventh Street N. 8203 JutbeowF ‘ AAAAAA, ' NEW OFFICE STRUCTURE By the Assoclated Press. PARIS, April 17.—All of the 70 stock brokers in Paris will have their offices is a new buildigg* now being erected across the street’ from the century-ald Bourse. The latter has been overcrowd- ed for a long time. Brokers here are under government supgrvision. Their number is limited by law so that a seat is a guaranteed source of good income. Sales. High. Low. Close. 3 88 88 3 3 I3 4102 102 102 . 27 98% 67% 98% 56 79% T8% T79% 98 98 98 Wabash 5s 76 B. West Maryland 4s. Western Pacific 5s.. 2 Secured by First Mortgages Safe—Conservative 42 Years’ Experiénce Make your savings and surplus funds work for you at the highest-inter- est rate consistent with absolute satety. in financing homes and in the sale of these se- curities. Wm. H. Saunders Co., Inc. 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It’s a very easy matter, with the help of COMPOUND INTEREST, to acquire $2,500 by investing only $15.75 monthly for 120 months. And still larger for- tunes may be obtained in the same short time by proportionate monthly invest- ments. But, whatever your investment, every dollar of principal and interest is UNCONDITIONALLY GUARANTEED by our capital and resources of over $25,000,000. This, we call the Investors Syndicate Plan. Send the coupon now for illus- trated booklet. Our current financial statement will also be sent for your consideration. Established 1894: SYNDICATE Barr Building, Washington TFelephone: Franklin 1879 = S e = e = o= e = = = = — ~Clip this Coupon = — — —— @ Imvestors Syndicate: tlemen: Kindly send me a copy of your Corupound Interest Booklet which describes your, plan of GUARANTEED investment. Name....coeetenecsencisessnrccssscsssscncsncassscene Bus. Address . Distinguished - Transportation for many years to come purchaser of a Packard Eight does not invest in a car. He invests in distinguished and trouble-free trans- portation—not for one year, but for many years to come. If he chooses to buy from income, as so many do, the beauty, comfort and distinction of his Packard remain a sotirce of pride and satisfaction for many times the payment period—long after the purghase price has been forgotten. For the Packard Eight is a longlived car—precision built and precision pro- tected. Its characteristic beautyis always up to date, for Packard has never depre- ciated cars in the hands of owners by frequent and radical changes in design. Most owners, therefore, keep their Packards twice as long as they once kept ordinary cars, And this means that they enjoy the luxury of Packard trans- portation at costs no greater than they would pay for motoring in cars with far less to offér in prestige, in beauty PACKARD: .Pa¢karvd,' Washing'tdn Motor Car Co. - Connecticut at S, . : ‘ ASK THE MAN WHO OWNS Why not invest now in luxurious Pack- ard transportafion? Packar three complete lines at three ranges of price. Each model d offers distinct in each line is a Packard in every sense of the word. Packard builds to a single stand- ard of quality—the highest. The dif- ferences lie only in size, power and the degree of individuality available in appointments, upholstery and color. The Packard Standard Eight (reduced March 4th)is priced at $2275 to $2675 at the factory. The Custom Eight lists at $3175 to $3850. The Eight DeLuxe ranges from $4585 to $5985—with in- dividual custom cars on the De Luxe chassisiavailable on order. When may wé place a Packard Eight at your disposal for a demonstration drive? 14 v [ If you prefer to buy out of income, you , will find the Packard Payment Plan most attractive. Many take possession of their new cars without any cash outlay because the used car allowance equals or exceeds the doun payment on the new car. ..~ ' 0.COOLICAN, President - Adams 6130 ONE L