Evening Star Newspaper, October 31, 1929, Page 12

THE EVENING STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 31, 1929. 2 | Green Mountains, U. S. No. 1, mostly 4.50; some poor condition, 3.75a4.25. Sweet potatoes—Supplies moderate; demand slow, market dull; Eastern | Shore, V. y Cl irginia, cloth-top barrels, yele lows, No. 1, mostly 2.75, few slightly ! frosted, 2.50: Eastern Shore, Maryland, ‘hushel hampers, yellows, No. 1, 85a1.00. | String beans—Supplies light; demand i moderate, market slightly stronger; | Norfolk - section, Virgizia, 5-peck ham- | pers green, round, 3.00a3.50; bushel Good Supplies Are Received o St Titnaidon ion s at Local Market From 1.50. Tomatoes—Supplies moderate: de- 3 steady; nearby Nearby Points. mand light, market Maryland, Ralf-bushel baskets, mostiy | fair to ordinary quality and cordition, | 50a1.00; California, lugs, ripes and turn- | ing wrapped, mostly around 2.00; Ohto, Increased demand for oysters was re- | hothouse. 10-pound baskets medium ported this morning by dealers in ma- | size, 0a1.60; large and small size, rine products, the trade invariably-in- | 1.15a1 s creasing when cold weather appears.| Cauliflower—Supplies moderate; de- Oysters are being received from various | mand moderate, market firm; Long sections in quantities sufficient to meet | Island, crates, mostly 3.00; Colorado and demands. ‘ULRI\. pony crates, 1.75. “And oysters this season are of splen- | Orarges—Supplies moderate; de- did quality,” commented & dealer. | mand moderate, market steady: Florida, It ‘was pointed out by a dealer that |boxes, Parson Browns, 3.25a3.75, few some of the finest stock is coming from | best, 4.00, the coast of the Eastern Shore of Vir- ginia, vicinity of Chincoteague and Assa- teague, between Ocean City and Cape |CALUMET & HECLA SHOWS e s < Ay “from Eetbeds s (iR GWADVANCEVINFPROFITS Cultivators of bivalves in the coves | 1 e Special Dispatch to The Star. along the ocean front are urging the | consumption of more oysters because of | NEW YORK, October 31.—Calumet iheir food value, relating that one pound | & Hecla Consolidated Copper Co. re- of oysters will furnish 7 per cent of | ports for quarter ended September 30, the energy a man nceds datly. Oyster Prices. Opysters from the Eastern Shore of Virginia brought as much as $l4 a barrel today. Dealers quoted counts at standards at $2.25 and selects at a gallon, Both hard and soft crabs were re- ported about off the market for the season, neither being in demand, but dealers had supplies of crab meat to offer the retail trade, the lump meat selling at $4 and the white meat at $2.50 a gallon Potomac River netters furnished local dealers quantities of various sizes of rockfish. fairly good size trout and a few catfish. Few cels and carp also were received, The smallest of the rock- fish were offered as low as 10 cents, medium size at 20 and large ones at 25 cents a pound. The trout were quoted at 20 cents. Catfish sold as low as 5 cents a pound. Flounders were scarce at 18 cents a pound, the fillet of sole selling at 30 cents. Fillet of haddock was offered at 23 cents. Boston mackerel also were scarce, the small fish sellting at 18 and the larger ones at 30 cents. Halibut and salmon were offered at 30 and blue- | fish at 25 cents a pound, most of the blues coming from Florida waters. Autumn leaves, pumpkins and other Halloween accessories were much in evi- dence about market places this morn- ing, receipts being largely in excess of demands. “And there will be pumpkins enough carried over to furnish fillings for pies until after the Thanksgiving holiday season,” was the comment of a dealer. Trading in general this morning was reported fairly good. rushing, however, and dealers had sup- plies more than ample to meet demands. Poultry dealers continued to receive live turkeys from nearby Maryland and Vir- ginia, and chickens also were in plenti- ful supply. Fruit and vegetable displays continued aitractive, haulers on the farmers’ line having large quantities of various va- rieties of vegetables,a few of the home- grown tomatoes being particularly large and well colored. An easing of turkey prices and slight- ly lower prices for chickens were re- ported. The butter and egg market continued without change, and it was said that prices of most commodities were the same as prices quoted yes- terday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 441;a4512; tub, 43Ma447;; store packed, 30a32. Eggs—Hennery, 55; fresh selected, 48a 50; current receipts, 45. Poultry, alive—Turkeys, young hens, 40; toms, 40; hens, old, 35a36; young, 35a38; Spring chickens, large, 27a28; broilers, 30; Leghorns, 22a23; fowls, 28a29; Leghorn fowls, 20a21; roosters, 18; ducks, 15a20; keats, young, 40a65; | old, 30. Dressed—Turkeys, young, 45a 46 old, 40a45; Spring chickens, large, 34a35; medium, 33; broilers, 37a38; Leg- horns, 35; roosters; 24a25; ducks, 28a30; keats, 70a80. Meats—Beef, 20a23; veal, 24a28; lamb, 16a27; pork loins, 30; fresh hams, 22a25; fresh shoulders, 20a23; smoked hams, 26a28; smoked shoulders, 18a20; bacon, 28; lard, in bulk, 14; in pack- ages, 15. Live stock—Calves, 14%:a15; 1212213, Fruit and Vegetable Review. ‘The daily maarket report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) says: Sales to jobbers ex- cept where otherwise noted. Apples—supplies moderate; light, market dull: boxes, Washington, fancy Delicious, medium to large size, 3.50; extra fancy Jonathans, medium to large size, 3.25: bushel baskets, Virginia U. S. No. 1, 23, inches up, Delicious, 2.50a2.75; Sta up, 2.00a2.25 Grimes most unclassified various varieties, 1.00a1 poorer, Cabbage—Supplies moderate; demand light, market dull; New York, 90-pound sacks, Danish type, 1.50. Celery—Supplies light; demand light, market slightly stronger; New York, two-third crates, 2.50a2.75, mostly 2.75. Lettuce—Supplies liberal; demand light, market stea Iceberg type, 4-5 dozen, mostly around 3.00; fair to ordinary quality and condi- light; demand New York and U. lambs, Onions—Supplies light, market steady: Michigan, 100-pound sacks Yellow: 8. No. 1, medium to largs size, 2.00a; Potatos—Supplies liberal; demand moderate, market dull; New York, 150- pound sacks, round whi mostly 4.50: Maine, 1 There was no | demand | ymans, 1.75a2.00; 3 inches | S. No. 1, 215 inches up, | low at 50. | California, crates, | 1929, net profit of $2,266,088 after taxes, depreciation, etc., but before depletion, | equivalent to $1.13 a share (par $25) on | 2,005,502 shares of stock, comparing with '$1.841,766, or 92 cents a share in preceding quarter, and net profit of $1,537,692, or 76 cents a share, in third | quarter of 1928. |~ Net profit fo rnine months ended Sep- | tember 30 totaled $5,908,212 after taxes, | depreciation, etc., but before depletion, ! | equal to $2.95 a share, againsy :a.su.-[ | 926, or $1.82 a share in first nine months of 1928. Net after depletion carried to surplus | in the September quarter was $1,687,899, or 84 cents a share, as compared with | $847,638, or 42 cents a share, in the | same period of 1928. Net after depletion | for the nine months ended September 30 last totaled $4,165.084, or $2.07 per share, against $1.904.360, or 94 cents per share, for the initial nine months of 1928. Plan Dividend Action. NEW YORK, October 31 (#).—Di- rectors of Best & Co. at their meeting next month will consider placing the new stock, which was recently split, two for one, on a $2 annual dividend basis, against $3 paid on the old stock, it was reported today. First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. Business Notes NEW YORK, October 31.—The phe- | nomenal drop in the securities market | has not resulted in any precipitate drop | in metal prices, Engineering and Min- ing Journal reports. Lead, tin, zinc, silver and quicksilver are slightly low- | er than they were in the preceding week, but the decline in each instance | has been very small and in the case of lead and zinc has been brought about | by weakness abroad, bringing the Lon- | don price below import parity. Charles H. Kellogg, president of the General Public Service Corporation, has | been elected chairman of the board of | directors. He is succeeded by Samuel | B. Tuell, formerly a vice president. More than 2,000,000 American-made pocket watches with an approximate value of $40,000,000 are sold annually in the United States, it is estimated by the head of one of the country’s larg- | the common stock of the company pay- | and 8 inch tubing. which special- | able December izes in the manufacture of pocket time- | est mail order houses, pleces. The new 14,000-ton turbine-electric passenger ship Santa Clara, being built by the New York Shipbuilding Co., at Camden, N. J., for the Grace Steam- ship Co., will be launched November 14, it was learned today. Australia is buying more radio re- ceiving sets manufactured in the United States than any other foreign country, with Italy and France occupying se ond and third places, respectively, ac- cording to Colin B. Kennedy, president of the Kennedy Radio Corporation. i O aii INTEREST RATES. By the Associated Press. Collateral interest rate averages re- ported by the Census Bureau for last week indicate sharply the extent of the rate decline which has accompanied stock market performance in recent days. For the first time in several | MARMON CAR DIVIDEND IS VOTED IN ADVANCE| Special Dispatch to The Star. | INDIANAPOLIS, Ind., October 31.— G. M. Williams, president of the Mar- mon Motor Car Co., at a special meeting of the board of directors late yesterday recommended that in view of the fagt | that it was the intention to declare at | its next meeting the regular quarterly | dividend he proposed that action be taken at this time. Mr. Willlams stated to the directors | that the weakened condition of the stock market has assumed such pro- portions that it was his feeling that corporations of this country who are in a strong financial position should inspire public confidence at least to the extent of making the public realize that no matter what values a hyper- sensitive market may put on securities the earning power and net assets of our great basic industries are fundamentally secure, The directors then voted the regular quarterly dividend of $1 per share on 1 to stockholders of record on November 15. | declared, constitute only approximately 60 per cent of the Marmon Co.'s earn- ings during the first six months of this current fiscal year. Record Phone Calls. The three regular quarterly dividends | so far this year, including the one just | Commodity Notes Special Dispatch to The Star. received by mills of the Southern Pine | Association in the last week decreased | 3.83 per cent to 58,604,000 feet, ship-| ments rose 3.56 per cent to 62.149.000 and production fell to 61,814,000. Un- filled orders total 173,673,000 feet. Canned Goods. SAN FRANCISCO.—Indications are that all Western fruit. and vegetable | packs will be disposed of at excellent prices before the next canning season. Apricots are the only weak spot in the | market for canned goods at this time, | and it is even anticipated that this | pack will be sold out at good profits. | Steel. YOUNGSTOWN, Ohio. — Mahoning Valley pipe makers are competing for | an order from a big oil company which | |is in_the market for 300 miles of 4, 6 | Cranberries, PORTLAND, Oreg—Latest reports | | from the Ilwaco district indicate that the cranberry crops of Oregon and Washington will be extremely short. Prices at the bogs have advanced 50 cents to $5 a box. ‘This is equivalent to $15 a barrel. Only 15 cars of Oregon cranberries are unsold and this is said to be less than the demand from the AMERICAN TOBACCO CO. Special Dispatch to The Star. NEW ORLEANS, October 31.—Orders | . | stock B of that company. president of the company, stated action of the board of directors ‘oday confirms my belief expressed to stock- NEW YORK, (Optober 31 ()~ The | Eaci0c Coast tertiiory slone. New York Telephone Co. announced to- day that on last Tuesday, when all| records for sales on the New York Stock | and Curb Exchanges were shattered, the | five telephone exchanges, which serve | more than 95,000 telephones in the | heart of the financial district, handled a total of 2,107,000 calls, an increase of more than 57 per cent over a normal | day's traffic. ' | months call money was found to be averaging less than it did during the same period last year. Figures for the | week and comparable periods follow: | C.L. T.M. . 5% TV 20 T34 P 6% | Week ending October 26 Preceding week.... Same week last year SILVER QUOTATIONS. First Mortgage TRUSTEED SHARES Cellfer Wi | 1508 H St. N.W. Notes The IDEAL INVESTMENT for in- | vestors who _demand - SAFETY, i g vestments for individuals, trust | funds and funds of organizations. Standard Collateral Shares Corporation 1753 NEW YORK, October 31 (#).—Bar silver, 50: Mexican dollars, 37%s. Oldest National Bank in the District of Columbia PAY DAY DEPOSITORS —favor The Metropoli- tan, not only because of its convenient location, but because it affords the utmost in service and security. Open Until 5:30 P.M. Today and Tomorrow One Dollar or more will identify _you _with OUR SAVINGS DEPT. 3% National Metropolitan = Bank g Years 15th St. opp. U. S. Treasury 115 Old A GOOD EXAMPLE M OMRITIG AG B'S TO FOLLOW YIELD and GROWTH of principal. | 1 Sold in_Lots—$100.00 Up Glover & Flather Woodward Bullding. Met. 3783 ‘ Conosolidated Gas & Electric. NEW YORK, October 31 (P).—Net carnings of the Consolidated Gas, Elec- trie Light & Pover Co. of Baltimre fo: the year ending September 30, amountex NEW YORK, October 31.—In addi-| to §7.268,751, equal to $6.26 a share on on to the regular quarterly dividend | 996,851 average common shares Ou‘- DECLARES $2 EXTRA of $2 per share, the board of directors | standing, compared with $5,802,531, or of the American Tobacco Co. has de-1$515 a share on 943,207 average shares clared an extra dividend of $2 per sharg j outstanding in the preceding yea | gain of slightly more than 25 per cent. | | a the common stock and common In reply to inquiries, George W. Hill, | “The | Consult Us First If you need money for your Real Estate financing \ let us have your application today. holders under date of August 28, 2 when I said that it was my.feeling that the board of directors would be Justified during the year 1930, not only in in- creasing the dividend on the American Tobacco Co.’s common stock, but in ||| recommending to stockholders such changes in the company's charter as would permit splitting of the stock. “The board has been so gratified with the progress.and the profits of the com- pany in the year 1929 that it deems it only fair to stockholders to declare this | extra dividend of $2 per share, which makes a total cash dividend of $10 per share for the year 1929, as my letter to stockholders of today explains.” | Prompt Service No Appraisal Fee The Commercial National Company Incorporated Pald up Cash Capital. G. M.-P. MURPHY & CO. 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