Evening Star Newspaper, November 26, 1929, Page 12

ealers Look Forward to {eavy Demand for Thanks- - giving Birds. TWholesale dealers in poultry this mo g were anticipating today's trade | as Being the heaviest of the Thanks- givihg holiday season. It was realized tha{ retailers would have to have their supplies ready for their patrons either thisjafternoon or early tomorrow morn- | 5 o ing,!and for thisereason they were out | in I§rge numbers during the early morn- ing Mhours. 3 my of them showed a tendency to wait until the last minute, however, the market being in such an uncertain con- dition that lower prices were antici- pated before the close of today's market. Prices this morning covered a wide range, conditions of supplies having an important bearing upon them. Additional Receipts. Additional receipts of live turkeys this morning promised to be a handicap to managers of local dressing plants, forces in the plants having been work- ing overtime since the latter part of last week. Shipment of such great quantities of live turkeys this season is said to have resulted from continued warm weather, shippers fearing losses if supplies were dressed before shipping. Prices of both dressed and live tur- keys this morning covered a wide range, and retailers made a complete canvass of the wholesale houses before making urchases. Prices of live turkeys ranged rom 25 to 29 cents, young ones selling at 27 and 29 cents, while the old ones were quoted from 25 to 27 cents. Dressed stock, more in demand, was uoted all the way from 28 to 35 cents, the latter price being charged from ex- tra fancy stock, and in a few instances, it was stated, extra fancy turkeys brought as much as 37 cents. Youn turkeys were offered around 30 and 3: cents, old toms selling at 28 and»30 nts. C Consumers this morning also were deeply interested in turkey prices, all looking for the cheapest they could find, being careful to obtain good .qual- ity birds. Announcement of prices by the chain store managers yesterday is said to have had an important bearing upon the holiday turkey market. Thirty- five cents a pound was the low retail price in thé market district, haulers from the country asking as high as 45 cents. In addition to the immense quantities of turkeys wholesalers had to offer the trade today, they had heavy supplies of chickens, ducks, geese and keats to offer at prices which have prevailed the past few days. Rabbits from nearby and distant " States also were received in fairly large quantities and were offered at low prices. Meat packers had both meats and turkeys to offer the trade, meats show- ing to an exceptionally good advantage. Butter and eggs, both in demand, were offered at prices quoted the past few days, both markets continuing firm. In the commission house district and on the farmers’ line the great varieties and heavy receipts of fruits and vegeta- bles gave the appearance of Spring rather than late Fall. Commission mer- chants had supplies of fruits from all sections of this country, Cuba and Bel- glum and also vegetables from various sections. Vegetable Supplies. On the farmers’ line there were im- mense quantities of vegetables, bushel baskets ,of most varieties being very much in evidence. Spinach, kale, cab- bage, mustard salad and cabbage Rm"" were in plentiful supply around and 75 cents. Spring onions, carrots, beets, - arti- ehokes, pumpkins, both varieties of po- tatoes and quantities were lnclmml among the offerings . Many apple growers had reduced the surplus, stock to cider, and the beverage was of- ered at 50 and 60 cents a gal * lery, cranberries and lettuce, in de- mand for the Thanksgiving -dinner, Were reportéd a trifle higher today. Trading along all lines showed a de- eided iprovement. It is reported by certain dealers that the demand prob- ably will not be as Kelt as on occasions of similar holidays in the past, but con- ,ditions generally were reported satis- factory. Today's Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound prints, 43%a441; tub, 4215a43%%; store packed, 30. Eggs—Hennery, 56a57; fresh select- ed, 55a56; current receipts, 50a52. Poultry, alive—Turkeys, young, 27a29; old toms, 25a27; Spring chickens, large, 27a28; medium, 25a26; broilers, 30; Leghorns, 23a24; fowls, 26a27; roosters, 18: ducks, 15a20; keats, young, 40a65; old, 30. Dressed—Turkeys, young, 30a ; old, 28a30; Spring chickens, large, a34; medium, 32a33; broilers, 35a36; roosters, 24a25; ducks, 29a30; keats, 70a80; capons, 45a50. . Meats — Beef, 20a22; veal, 24a28; Jamb, 26a27: pork loins, 22a35; fresh fresh shoulders, 20a23; smoked hams, 25a26; smoked shoul- ders, 18a20; bacon, 28; lard, in bulk, 13; in packages, 14. * Live stock—Calves, 141a15; lambs, 12%a13. £ i. Fruit and Vegetable Review. i "The adily market report on fruits and vegetables (compiled by the Market HROUGH Engincering Departments we * T News 'Service Bureau of Agriculturalj says: Apples—Supplies moderate: demand light, markét about steady; boxes, Washington, medium to large size, ex- tra fancy Deliclous, 3.65a3.75; extra fancy Staymans, 3.00a3.25; fancy Stay- mans, 2.75. Bushel ‘baskets: Virginia, U. 8. No, 1, 23; inches up, Yorks, 2.00; U. 8. No. 1, 2!5 inches up, Yorks, 1.50a 1.65; unclassified Staymans, 2!> ‘inches up, good quality, 1.75; U. S.No. 1, 213 fiznches up, Staymans, 2.00a2.25; few .50. Cabbage—Supplies moderate; demand moderate, ' market steady; New York, 100-pound sacks, Danish type, 1.60a 1.75; South Carolina, barrel crates, ap- proximately 100 pounds net, pointed type, ordinary quality, 2.00; !;-barrel crates, 1.25; 1%;-bushel hampers, 1.50. Celery—Supplies moderate; demand light, market steady: New York, 243 crates, 3.25a3.50; California, crates, 6.006.50. . Lettuce—Supplies moderate: demand moderate, market firm; ¢ California, ernohes, Iceberg type, 4-5 dozen, 4.75a ©Onions—Supplies light; demand light, market, steady; Ohio and Indiana, 100- pound sacks, yellows, U. S. No. 1, medi- um to large sizes. 2.00a2.15. Potatoes—Supplies moderate: demand light, market steady; Pennsylvania and New York, 150-pound sacks, round whites, U. S. No. 1, 4.25a4.40; some fair quality 4.00; Maine, 150-pound sacks, Green Mountains, U. S. No. 1, 4.50. Sweet potatoes—Supplies light: de- mand light, market steady; East Shore Virginia, cloth-top barrels, yellows, No. 1, mostly 2.75; North Carolina, cloth- ";0’505 barrels, yellows, No. 1, fair quality, String beans—Supplies light; demand moderate, market steady; = Florida, bushel hampers, Giant Stringless, 3.50; Valentines, mostly 5.00; flat type, 5.00a 5.50;, 3,-bushel hampers, flat type, coarse, 3.50. Cucumbers—Supplies. light; demand light, market steady; Florida, bushel hampers, fancy, 7.00; fair quality, 6.00 26.50. Squash—Supplies light; demand light, market steady; Florida, bushel ham- pers, - white, wrapped, medium size, 2.75; pepper crate, large sizes, no sales reported; asking 3.00a3.50. Eggplant—Supplies light, demana light, market steady; Florida, pepper crates, fancy, medium size, mostly 4.00; large and small sizes, 3.00a3.50. Peas—Supplies light; demand lighs, market slightly weaker; California, 4o- pound crates, 10.00a11.00. Beets—Supplies light; demand lighs, market steady; Texas, Western lettuce crates, bunched, 3.25a3.50. ‘Tomatoes—Supplies light: demand light, market steady; California, lug boxes, ripes and turning®wrapped, 6x6 and larger, 4.00a4.25, Caulifiower—Supplies moderate; de- mand light, market - steady; Long Island, crates, 3.00a3.25: California, pony crates, Snowballs, 2.6082.75. Oranges—supplies moderate; demand moderate, market steady; Florida, boxes, medium size, 4.00a4.50; few fine quality high as 5.00. Grapefruit—Supplies light: demand light, market steady; Florida, boxes, No. 1, small to medium size, 4.50a5.00; large size, 4.00a U. S. GRAIN EXPORTS. By the Associated Press. Grain exports from the United States for the week ending November 23 were 2,511,000 bushels, as compared with 3,304,000 in the preceding week and 2,610,000 in the corresponding week of last year. ‘Wheat exports for the week ending November .23, were 1,808,000 bushels, against 2,561,000 the preceding week; barley, 95,000, against 413,000; corn, 84,- 000, against 260,000; oats, 519,000, against 64,000; rye, 5,000, against 6,000. Canadian grains in transit cleared from United' States Atlantic ports were 1,050,000, as compared with 900,000 in the previous week. Exports of wheat flour amounted to 208,000 barrels, against 304,000 barrels, Canadian flour being 24,000 and 16,000, respectively, Clearing House Statement. NEW November 26 (P).— YORK, 1 Exghnnm house statement: 000; balan $27! Cl and Georgia DECEMBER 7th March 14 April 19 Grreatly reduced round- \ trip fares with limits of 15 days...Good in Pull- man cars on payment of standard Pullman fare. For fares to other points and reservations, inquire G. W. VIERBUCHEN our Statistical and provide a source from which clients who use our Bond Department and Stock Exchange facilities may ob- tain accurate information and depend- able advice to guide them in choosing *You are invited to sound investments. make use of these same facilities. Members New York Stock Exchange New York Curb (Asociate) Baltimore Stock Exchange Richmond Stock Exchange J-A . Iglehart & Co. Investment Bankers 719 15TH ST., N. W., WASHINGTON, D. C. Robert Stead, Jr., BALT/MORE WILKES-BARRE RICHMOND Resident Manager CLARKSBURG WILM.NGTON CHARLESTON THE EVENING STAR., WASHINGTON. D. C, TUESDAY, INSULL EXPRESSES REGULATION VIEWS Utilities Magnate Favors State Rather Than Federal Control of Industry. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, November 26.—When Samuel Insull of Chicago speaks on public utility regulation the country listens. Government regulation can be good or bad, depending upon whether it is “expansive or restrictive.” By expan- sive, he defines “as regulation which will convince users that the service is adequate, the rates reasonable: which will convince employes that the em- ployment will be continuous, wages good, working conditions favorable; which will insure owners that their investments will be sound and the return fair and dependable.” This regulation he favors. Restrictive regulation, he holds,. Is predicted on the theory that the entire public utility business is founded on “special privilege,” when, as a matter of fact, “it is based on one of obligation." This Chicago utility leader favors State as against Federal control and rates based upon “fair value of the property used and useful in the service.” Mr. Insull hclds that there is abso- lutely no connection between capitali- zation and rates; that courts do not recognize capitalization as & basis of rates and never have. “Every utility executive who is worth his salt is bending every effort to lower rates, because lower rates mean greater consumption and greater consumption is our hope of progress.” The point of view of those who favor Federal as against State regulation of public utilities is based upon the theory that the interstate electric business is growing rapidly. While somes States consume nearly all the electrical “juice” | manufactured within their boundaries, other States consume but a very little of what they manufacture. Some New England States, like Maine, New Hampshire and Vermont, export about three-quarters of all they produce. So many champions of regu- lation believe that the business, moving across from one State boundary to an- other, should be under Federal and not State’ regulation. Electricity is now being produced just as cheaply by steam coal power as by water power. The superpower age—by which is meant the manufacture of electric power and the sending of it hundreds of miles from its place of manufacture—is here. It's possible now to transport electrical energy hundreds of miles. The future transmission of “juice” may be via radio—thousnads of miles. When that day comes—and it doesn't look now to be very far dis- tant—electmical energy produced in Maine might be consumed in New York or Philadelphia. Thig is one of the reasons why Sen- ator Couzens of Michigan has intro- duced a bill for Federal regulation of corporations doing an interstate elec- trical energy business. He includes in his bill telephone, telegraph and radio | likewise, Stuart Chase, in his new book “Pros- perity—Fact or Myth,” thinks that the going “financial structure is as tempera- mental as a cigar lighter"—sometimes it works and sometimes it doesn't. Chase asks: “How could aught go wrong with such omniscient engineers in charge the new clothing store with a new standard of values thanks you for your generous reception ’ and offers you an extra reason for THANKSGIVING GENUINE BLUE LAMBKIN OVERCOATS in the newest models! lined with genuine Skinner’s Satin $99s0 Yes, indeed, this is the famous fab- ric that is made of fine lamb’s wool and will NOT get stiff from ex- posure to sleet, rain, or snow. We don’t blame you for being as- tonished. Our own Comparison Officereportsthat similar coats are selling_in many stores for almost rmm— twice our price. This overcoat is a typical example of WAYNE’S wonderful values SUITS and OVERCOATS Skillfully Taslored of Selected All-Wool Materials Ready-to-put-on $9950 The .-ARISTOCRAT GROUP. World’s Choicest Woolens Made to Your Measure $3350 | Every WAYNE Garment is guaranteed to satisfy or we will vefund your money. I NEW YORK | 795 -14th STREET, N. W. Thos. A. Dickie, Mgr. Phone: National 0346 Book of Free Pressing Coupons with o cvery purchase. wmm—m T R S R Mr. of the dials and switches of the credit structure? Suddenly 50 billions go wrong. Hundreds of thousands.of us lose our shirts. Others, hanging on one suspender, turn piteous eyes to the en- gineers. But the engineers turn out to be philologists. Their hands were not on the levers and steering wheles, but on dictionaries.” ‘Then Mr, Chase makes this frank statement: “Confident that no one un- | derstands the sublime process of the| money and credit system, I have not the | slightest hesitation in afirming that 1 do not-understand it and know no more where it is going than I know where a hurricane is going.” But this trenchant writer is willing to make one prophecy. When real prosperity comes, “it will not be run by philologists.” He's safe there. When the American Petroleum In- stitute meets next Monday in -Chicago it will be at a time when the oil indus~ try is in better balance than it has been in for several years. For the first time in three years, the last report showed a reduction last month of 3,000,000 bar- rels in pipe line and tank fern storage East of the Roeky Mountains—produc- tion less than consumption, People familiar with this, might say that, while impressive in the aggregate, NOVEMBER ' 26. 1929. it s realy only 1 per cert of thie 300.- 000,000 barrels in storage. i1l it’s the | been largest monthly reduction in tifree years; largely due to the restricted pro- duction in the Oklahoma oil fields, shut in to about 50 per cent of their po- tential production. Sir Henry Deterding, English oil ma-‘ nate, & on his way to attend. So will most of the important American ofl executives. Mechnical and engine:ring problems affecting the operation of the petroleum industry are to be: given most att:ntion. Temperature in oil- tank cars, standardization of equipment used in the oil flelds, more adequate fire prevention and studies in research are a few. In these times, technical and scien- tific meetings far outdistance, in re- sults, “the glad-hand’ 'ones. ‘The governors in their replies to President Hoover's request for the speeding up of public works within their several States are practically unanimous in agreeing to co-operate to th> fullest extent. 1'l‘wc- governors raised other points of view. ¥ Gov. Hartley of Washington, after agreeing to co-operate to the fullest extent, continues: “If your Nation- wide call for prosperity will include that Congress / \immediately the necessary. protective tariff for distressed industries, including lumber, which has for 30 years past the bread and butter of our State, you will have no further worry about unemployment in this commonwealth. If this is not done, there wjll soon be thousands more added to the present army of un- employed.” Gov. Christianson of Minnesota, also agreeing to co-operate, made the Mid- western point of view very obvious when he replied: “I have never been im- pressed with the Foster-Catchings theory of stabilizing prosperity by in- creasing public expenditures, which is the basis of the President’s recommen- dation. If the industrial East would withdraw its opposition to legislation glving agriculture parity, the farmers’ buying power would be strengthened to such an extent that it would not be necessary to push public construction programs beyond reasonably anticipated needs to stimulate the labor market.” Such statements cannot. be ignored. (Copyright, 1929. by North American News- Daper Alliance.) — Stock Payment Made. NEW YORK, November 26 (#).—%he Grigspy-Grunow Co. of Chicago, radio receiving set makers, have received $9,000,000 from the banking syndicate which recently underwrote the com- pany’s stock offering. ez | FULL DRESS SUIT SHOP All New Tuxedos Full Dress Cutaways to_hire. S FNW. Only One Dollar THANKSGIVING DINNER 2 until ¥ o'clock p.m. Pickies Olives Celery Fish Soup or Cocktail Roast Turke; ast Ducl Brolled Tenderloln Stesk Brussels_Sprouts White Potatoes String Beans _ Sweet Potatoes Saugriraut Spinach ala, N "Rolls Nuts After Dinner Mints GORDON HOTEL 916. 16th Street N.W. Make Reservation early—Nat. 6264 For His ‘““At Home” Hours . . . a gift of a Lounging Robe or a House Coat will please “him” There are many gifts to Lounging Robe or House gwe men, but few as appropriate and appreciated as a Coat. Our splendid supply of House Coats and Dressing Gowns offer a chance to give him something that will win his hearty aj i proval—a gift that almost every man would choose for himself. . Brocaded Matel esse (rayon), Flannel, Rayon and Blanket Cloth are the materials available in this collection of Lounging Robes and House Coats in The Men's Store. 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Silk lined threughout. An excellent selection of patterns and color combinations. 825 Other Gowns $20 10 $100