Evening Star Newspaper, November 1, 1929, Page 14

M ¥ THE EVENING STAR. WASHINGTON. D. C, FRIDAY, NOVEMBER 1, BUTTER IS HIGHER N CENTER MARKET Prices of Meats Reported, Slightly Easier in. Trad- ing Today. Warm and damp weather this morn- | ing is believed to have affected the | market to a considerable extent, buyers ! not taking hold with the interest dis- | played when weather conditions are more favorable. “And, after all,” commented a dealer, *“weather conditions mean much in the | matter of determining the volume of | business anticipated and actually done.” A slight increase in butter prices and easing of prices in the meat mark: were the interesting features of toe; morning’s market. It was believed that today being a feast day in certain | churches there would be a falling off in demands for marine products. While demands were not so great. ac- cording to dealers, fish and oysters were in fairly good demand, sales being much heavier than had been antici- pated. Dealers had ample supplies to meet demands. Ample Supplies on Hand. Displays of fruits and vegetables in the commission house district and on | the farmers’ line this morning gave every appearance of Spring, the warm | weather also suggesting the Spring sea- | son. Immense quantities of various vari- eties of green salads were in evidence. | kale and spinach receipts being heavier | than last week's receipts. Dealers also had quantities of other vegetables, some from nearby and some from distant places. Peas, product of California growers. presented the appearance of having been freshly gathered. They were offered around $6 a basket. String beans, top quality, were not so plentiful while there were liberal quantities of the vegetable not in the best condition Top quality stock, scarce, brought $3 & bushel, few higher, while some that were a little worse for the handling were offered as low as $1.50. Carrots. both bunched and cut-off stock, were plentiful, prices being determined by the size and condition of the vegetable Homegrown stock was very plentfiul. Receipts of poultry for the week end trade continued fairly heavy, many turkeys being included in recent -ship- | ments. The demand for them was not | 80 heavy, due, it is reported, to the lower temperature. Largely increased receipts of keats were reported, the demand for them not having been so great the past few days. Because of increased receipts and lighter demand prices were cheaper. A continued firm condition of the egg market was reported, bu' supplies arc not moving very rapidly. Early morning business was not particularly brisk, dealers reporteds mauy retailers Lrob- ably holding off until tomorrow. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 45a46; tub, 44a45; store packed, 30a32. Eggs—Hennery, 66; fresh selected, 48a50; current receipts, 45. Poultry, alive—Turkeys, young hens, 40; toms, 40; hens, old, 35a36. Spring chickens, large, 27a28; broilers, 30, Leghorns, 20a23; fowls, 28a29; Leghorn fowls, 20a21; roosters, 18; ducks, 15a 20; keats, young, 40265; old, 30. Dressed —Turkeys, young 45a46; old, 40a45; Spring chickens, large, 34a35; medium, 33; brollers, 37a38; Leghorns, 35: 24825; ducks, 28a30; Kkeats, 20a22; veal, 24a28; Jamb, 26a27; pork loins, 28; fresh hams, 22a25;. {resh sheulders,-20a23;. smoked hams, 25426; smioked shoulders, 18a20; ‘bacon,- 28; -lard;-in bulk; 16; in pack- ages, 15. e “Live stock--Cilves, 145a15; lambs, 12%al3. Fruit and Vegetable Review. Apples—Supplies moderate; demand shoderate, market steady. Barrels: | Virginia, unclassifie@ Grimes 21, inches up, 4.50a5.00. Boxes: Washington, fancy Deliclous, medium ‘to lgrge sizes; 3.50; extra fancy Jonathans, medium to large aizes, 3.25. Bushel baskets: Virginia, V. 8. No. 1, 2% inches up, Delicious, 2.50a2.75; Staymans, U. S. No. 1, 2% inches up, 1.75a2.00; 3 inches up, 2.00a 2.25; U, 8. No. 1, 2% inches up Grimes, mostly 2.00; unclassified, various yarieties, 1.00a1.25; poor low as 50; U. 8. No. 1, 21; inches up, Grimes, few fine quality and condition, 2.50; U. s.; No. 1 Staymans, 3 inches up, fine quality and condition, 2.50. | Cabbage—Supplies moderate; demand | light, market dull. New York, 90-pound sacks Danish type, 1.50; 100-pound sacks Danish type, 1.65. Celery—Supplies light; demand light, | market steady. New York, 24 crates | mostly 2.75. . . Lettuce—Supplis llbfi}nl:, demand light, market au-%‘ California, erites, Iceberg type, 4-5 dozeh, mostly around 3.00; few fine quality, 3.50; fair quality and condition to ordinary quality and ceondition, 2.25a2.75. Onions—Supplies light; demand light, market steady; New York and Michi- an, 100-pound sacks, Yellows, U. S. 0. 1, medium to large size, 2.00a2.25. Potatoes—Supplies liberal; demand moderate, market slightly weaker: New York, 150-pound sacks, Round Whites, T. S. No. 1, 4.25a4.40; few, 4.50; Maine, 150-pound sacks, Green Mountains, U 8. No. 1, 4.40a4.50; 120-pound sacks, Green Mountains, U. 8. No. 1, 3.75; Pennsylvania, 120-pound sacks, Round ‘Whites, U. 8. No. 1, 3.50a3.60. Sweet potatoes—Supplies light; de- mand slow, market dull; East Shore Virginia, cloth-top barrels, Yellows, No. 1, best, 2.75; slightly frosted, 2.25a2.50. String beans—Supplies moderate; di mand moderate, market about stead, Norfolk section Virginia, bushel ham. pers, green, round type, 2.50a3.00: fair quality and condition low as 2.00; South Carolina, bushel hampers. green, 2.00a 2.50; few as high as 2.75. some poor condition showing effects of anthrac- nose, 75, Tomatoes—Supplies light: demand moderate, market firm: California, lugs. ripes and turning, wrapped, 6x6 and larger, 2.25a2.50. aulifiower—Supplies moderate: de- mand moderate, market slightly weaker; YTong Island, crates, 2.75a3.00; Utah, pony crates, 1.75. ‘Oranges—Supplies light: demand mod- erate, market stead Florida, -boxes, Parson Browns, 3.50a3.75; few best, 4.00. Commodity Notes Epecial Dispatch to The Star. Railroad Equipment. PHILADELPHIA, November 1.—Sam- nel M. Vauclain, chairman of the board of the Baldwin Locomotive Co., states that orders of the concern for the first 10 months of the year totaled $31.000.- 000, as compared with $14,000,000 for the similar period of 1928. He antici- pates a further gain of $10,000,000 be- fore January 1. Steel. YOUNGSTOWN. Ohio. — Operations of Mahoning Valley steel mills have dropped back to around 75 per cent of capacity. There are 35 open hearths of the 51 in the valley and 88 sheet .mills of the 120 here in operation. Packing House Products. . CHICAGO.—The past week has been “one of the slowest of the year in the iwholesale fresh-meat trade. Bad jweather was a factor. Beef showed the “best movement ahd advariced about $1 hundred. but lamb, veal and pork were $1 lower, with mutton and calves t unchanged. | bank funds. BY CLINTON COFFIN, Associated Press Financial Writer. yet written on the quick succession of stock market panic and recovery, and certainly the most encompassing suin- mary, is contained in this week's Fed- eral Reserve Board report on ths move- ment of New York brokers' loans, Not only was the enormous sum of $1,096.- 000,000 paid back to banks and money Ienders in one week, reducing the loan totals to $5538,000.000, but thers was extraordinary rearrangement of the entire collateral lending account. The picture of banks all over the country calling home money they had loaned on Wail Street, and of private and corporate lenders doing the same thing while banks in New York City itself replaced part of the funds, is clear in the figures. The board notes that on October 23 private money lenders and non-banking corporations and Institutions had loaned $3,823,000,- 000 on stocks and bonds. On October 30 this huge sum had been reduced by nearly $1.400,000.000, the general as- sumption being that this was the money which was used to buy the stock bar- gains offered for a fow hours as inargin accounts were being wiped out. Almost equally notable was the re- duction of brokers' loans made by the out-of-town banks. Between the same two dates the total of such funds ‘n New York was reduced from $1,733.- 000,000 to $1,026,000,000. The New York banks, however, are recorded as having stepped into the breach, and their call loans rose to $2.069,00(,000 from the $1,077,000,000 figure of a week before, Much of the complaint which has been voiced in and around Congress over money situations that developed with stock ‘market booming has been aimed at the lending done by out-of- town banks. Possibly various resolu- tions of inquiry aimed at the situation will evaporate without action, and there will be no inquiry, but it is certain that if congressional committees ever do ap- proach the subject, they will find the total of the country’s bank funds that are used in Wall Street at one of the lowest ebbs during the next few weeks. The reserve figures show that this money went home in startling degree within a week. It was also notable that the New York banks made their advances with comparatively little call upon reserve ‘The Reserve Bank of New York, apparently, was asked to advance but $129,000,000 to New York members, making their reserve borrowings on October 30 amount to $170.000,000. against $41.000,000 the week before. It was noticeable that on October 31 last year, under normal conditions, the New York member banks were borrowing $160,000,000 from the reserve system. so that the tremendous sums entering into stock market play of the week had al- most trivial effect on the reserve system. After compiling carefully the totals of all the gold produced in the world during the last 400 years, the Federal Bureau of Mines has discovered the previously obscure fact that “the long time trend of gold production for the world has been on the increase.” This conclusion Is somewhat at variance with general impressions in the field, but the bureau clearly has the figures to prove it, and the slow expansions proven in the metal's output unquestionably clears up any doubts that may have been raised ‘about. the probable future per- sistence of the gold standard for money in the world. All of the theoretic doubts as.to the continuance of the gold stand- ard have been based largely on the question of; the maintenance of gold supply. i “More than: half. the grand total of gold mined in the world for the past 6,273,000 ounces, was st 27 yi the present century,” Scott Turner, director of the bureau, said in introducing the study. “This ‘astounding increase rep- resents only the culmination of abun- dant production that began with the discovery of gold in California § During recent years, the study finds that _gold production has n_runni AT G lonwl")hw(“’n it " BRAND ‘ STEEL CUT COFFEE ity il Lty ‘%uummuuu?gwE 7 "You Get More Cups to the Pound Also ORD B (ALvERT TEA Euery Stp Delicious Perhaps the most significant record | Pf! |around 19.307.000 ounces per year, | which is slightly less than the annual output of the decade before this, but much in- advance of the rate of 25 years ago. North America is credited with producing 25 per cent of the an- nual output and South Africa about 52 r cent, with the balance scattering all over the world. Treasury figures on the possibility of tax reduction during the coming ses- sion of Congress will not be gotten up until officials get several difficult points_straightened out. Just to_ cite one of these, since the tariff produces $600,000,000 & year in revenue, and the ! Congress over pending revision, there (will be some delay in getting out neces- isary forecasts. As to income tax, it has been proved | that stock market actions enter the | equation. ‘Wealthy taxpayers, who furnish much of the income tax col- use market depressions to register losses, and thus cut down the Govern- future outlook as to the rates and | | yields is all tied up with the fight in | lections, in the past have been able to | | MeCall ment's toll. This year there is con- siderable doubt that opportunity exists for the practice. “Under the law, stock owners who wish to register losses are required to refrain from buylng back within 30 days a stock that they have sold at a low price,” explained Senator Couzens of Michigan, one of the finance com- mittee members who will have to grap- ple with any new tax legislation. “This |depression was so brief that any seller | of stock for purpose of registering tax |loss would be likely to register an actual loss, and probably few people tried it, though I don't know.” EARNS $6.14 A SHARE. NEW YORK, November 1 (#).—T! Corporation ended months with net profit of $1,778,163, $1,259.863, or $4.35, in the same period of 1928 The Bell Telephone Co. of Pennsyl- | vania reports net profit of $8.804,367 in the first nine months, against $9,102,~ 309 in the same 1928 period. the nine | equivalent to $6.14 a share, against | OCTOBER DIVIDENDS. NEW YORK, November 1 (A.— | Dividends declared in October totaled | 206,791,420, compared with $399.391,- 264 in September and $225992,089 in October, 1928. Numerous hrfi cor- the last porations declared extras in day’s of the month. NEW YORK EGG PRICES. NEW YORK, November 1 (#).—Eggs, | firm; receipts, 9,836 cases. Mixed colors, fresh gathered, extra, 49a51; extra first, 46a48; first, 43a45; seconds, 38a41; Te- frigerator. special marks, 41a41%5; extra first, ;gu“)!;; first, 381,239'2; seconds, 361238, BAR SILVER QUOTATIONS, NEW YORK, November 1 (#).—Bar | stlver, 50. Mexican dollars, 37%. ‘The Chesapeake & Ohio Railroad plans to purchase between 100 and 130 locomotives soon. The difference beiween sweet cream and sour cream is what makes Land O’ Lakes Sweet Cream Butter so awonderful. You too will love the sweet cream taste. Pure—healthful—deli- :wul—nud:.h only of table quality sweet tested cowsin the“Land of Sky Blue Waters.” Every pound isGovern- ment i Make this Taste Test First—Spread ordinary butter on piping hot toast. Smell and taste while hot. Second—Spread Land O* Lakes Sweet Creem Butter on piping hot toast. Smell and taste while hot, Youll love the Sweet Cream Taste DOLAKE SWEET CREAM BUTTER | SOLD BY, Sanitary & Piggly Wiggly Stores To test your coffee—TASTE IT The delicious “hit the spot” flavor of “Sanico” Coffee is sure to please you % E% AR\ (LT . 7 : A on Sale at *Tt5 Decidealy Better’ “Sanitary’’ & Piggly Wiggly Stores beabddadiit b bl T T YT VYTTT VIV I PV PPy I vy v A AR ARy T YYYYYYYYYYYYYY Y] 1929. Office and Warshouse 1848 4th St. N. E. These Prices Prevail in Our -Washington Store: New Mea:.t Markets EAST FALLS CHURCH, VA. In the “Sanitary” across from the Elec- | Tomatoes %.25¢ Gold Medal FLOUR 12-LB. BAG, 65¢ 24-1b.§ 1 =22 Bag NAVY BEANS w.11¢ tric Railway Station. 129994 extended. fer you— —IN OUR MEAT MARKETS——— 178 Modern Meat Markets Conveniently Located to Serve Our Patrons. Special Until Saturday’s Closing! For a Big Week-End Sale in Our Meat Departments We Have Selected Loffler’s Fresh Hams to Offer at a Very Special Price. FRESH HAMS ‘Why not visit our nearest meat market and see the display of these very fancy quality Fresh You will find these Fresh Hams are a wonderful value at the price we are offering, and no doubt many of you will want to take advantage of this special low price. Hams today or Saturday? Smoked Hams. ........"™ 27c Shoulder Lamb Roast....™ 33c Select Pork Chops. .. ...."™ 35¢ Pork Loin Roast........™ 28¢ Light Strip Bacon. ......™ 25¢ and for SILVER SPRING, MD. In the “Sanitary” on Georgia Avenue Complete Food Service Sealect MILK 3:25¢ tins [{i e 99 Sanico SELECTED OPEN TOMORROW Upon the Opening of These Two Meat Markets Each of the Above Stores Will Of- LIMA BEANS w 17¢ Special Per Lb. 23¢ Smoked Shoulders. . . ... .™ 22¢ Breast of Lamb. ........"™ 15¢ Lean Pork Chops. . ......™ 31c Shoulder Veal Roast. . ...™ 32¢ Heavy Strip Bacon. . . . .. .™ 35¢ OOD FOODS—Reasonably Priced! Del Maiz Corn. ... .2 tins 35¢ “Sanico” Peas......."" 19¢ Blue Ridge Corn. .....%" 10c Shoe Peg Corn. .t 10c, 175¢ Burt Olney Peas. .....t1" 23¢ Friends’ Baked Beans 's* tin 23¢ Bean Hole Beans. . .2 tins 25¢ Healthful and Tasty, Too! Honey Dew Pineavple “Sanico” Pancake. .. .P%s 10¢ Pillsbury’s. .. .....P% 1215¢c G-M Buckwheat. ... .P5= 1l¢ “Sanitary” Oats. . ... .Pe- 19¢ Cream of Wheat. ,P*s 14¢, 24¢ Quaker Qats. . . .?*s 11¢, 25¢- Ralston Whole Wheat . . ?*s- Z4¢ ", This Is NATIONAL APPLE WEEK! Each year a week is set apart to do homage to the “King of Fruit.” For this year the week beginning yesterday was chosen. Our stores have made special preparations and are offering a varied selection of fancy apples popularly priced. Delicious APPLES BOXED BASKET Lbs. 250 2 3 Boxed Apples . Basket Apples . . 25¢ Cooking Apples 3 . 29¢ 4 1he. 25¢ 1 f i | pound, 49c. Big Week End Sale On Sanitary Butter 2 i’ Take advantage of this special week end price on this fine quality butter. Lbs. For 95¢ Single “= 19¢ tin Del Monte Picnic Tips Del Monte Peel. Apricots Del Monts R. A. Cherries ™ Del Monte Peaches Nia' 14¢ Del Monte Pears N 2T¢ Del Monte Figs = 25¢ Del Monte Fruit Salad Ne.1950 Per Del Monte Kraut Juice Lb. tin bt Ginger Ale Canada Dry Our Famous GREEN BAG COFFEE 39¢ Special This Week! 1 P« KRISPY CRACKERS 2 ™= RITTER TOMATO SOUP Peas and Carrots B. & M. Lima Beans Chili Con Carne S. L. Cut Beets S. L. Cherry Beets Mixed Vegetables Colton Peaches Columbus Peaches . Campfire Marshmallows . . . . Fancy Queen Olives. . . . . . . Catalina Tuna Fish . . = 17¢; No. 3 Size Tomatoes . . . . Sunbrite Cleanser . . . . . . e o o o Clicquot Club SEC . . . . ..