Evening Star Newspaper, November 29, 1929, Page 14

14 - MARINE PRODUCTS IN LARGE DEMAND Oyster Prices Unchanged. Dealers Report Plentiful Stocks of Poultry. There was the usual Friday morning -demand for marine products registered at Municipal Fish Market and in the wholesale- market district this morning. Cold weather this morning held back retailers, but later on they were very much in evidence, and wholesalers had supplies more than equal to the de- mands. Oysters were in heavier demand, dealers reported, and supplies were offered at prices which have prevailed most cf the season, selects selling at $2.50 and standards at $2.25 a gallon. Barrel stock, nof much in demand, were quoted at a wide range of prices. size and quality being the determining factors. Pouliry dealers this morning were making efforts to get rid of supplies held over from the holiday market. Held-over supplies consisted chiefly of turkeys, the demand for the king bird having dropped off to a material extent during the last hours of the holiday market. It was stated that much of the stock Teft over is of the rougher quality, the best of the surplus stock having been sent to storage. Prices of the poorer quality, many of them fresh, but thin, were not quoted, quotations given only on No. 1 stock. g Additional receipfs of Tabbits in- creased the already fairly heavy sup- plies. Rabbits sold well during the closing hours of the holiday market, it is reported, persons feeling they were unable to pay the price for turkeys selecting rabbits or chickens, the outlay being so much less. A continued firm condition of the butter and egg markets was repor‘ed, although dealers said the egg prices are likely to take a drop in the mear {uture. Butter prices advanced a frac- tion of a cent. In the commission house district were plentiful supplies of fruits and vege- tables, Florida shippers supplying large quantities of string beans, peas, squash and other vegetables. This morning’s shipments reached here a trifle late for the early morning trade, dealers stated, and will have to be held over for to- morrow’s market. Dealers on the farmers’ line had sup- plies of various vegetables in excess of demands, most of their supplies having been held over from Wednesday's market. Prices of most commodities this mormning were about the same as prices quoted the past few days. Today’s wholesale prices (jobbers’ Prices slightly higher) : Butter—One-pound prints, 431;a44 tub, 4215a4314; store packed, 30a32. Hennery, 58;fr esh selected, 57a58; current receipts, 52a53. Poultry: Alive—Turkeys, young hens, 28a30; old - toms, 25; Spring chickens, broilers, 30; Leghorns, 23a23; fowls, 24a25; roosters, 20; ducks, 15a20. Dressed—" young hens, 36a38; old toms, 30; Spring chickens, large, 27a28; medium, 26a27; broilers, 35a38; Leghorns, 25; fowls, 27a28; ducks, 28a30; roosters, 22; ca. pons, 40a45; keats, 70a80. f, 20a22; veal, 24a26; lamb, ; pork loins, 22a25; fresh hams, 20a22; fresh shoulders, 18a22; smoked hams, 25a26; smoked shoulders, 18a20; bacon, 25a26; lard, in bulk, 13; in pack- ages, 12. Live stock—Calves, 15; lamb, 1212a13. Fruit and Vegetable Review. The daily market report on_fruits and vegetables, compiled by the Market News Service Bureau of Agricultural | Economics (sales to jobbers ~except where otherwise noted), says: Apples—Supplies moderate; demand moderate, market steady. Boxes: Wash- ington, extra fancy Deilclous, medium to large sizes, 3.75; extra fancy Stay- mans, 3.00. Bushel baskets: Pennsyl- vania, U, 8. No. 1, 2%-inch up North- western Greenings, 2.25; Virginia, U. S No. 1, 2%-inch up Yorks, 1.50a1.75 U. s.'No. 1, 2%;-inch up Staymans. 1.75a2.00, few fancy high as 2.50. Cabbage—Supplies moderate: demand light, market steady: New York, Danish type, 100-pound sacks, 1.50a1.65; South Carolina, 1%,-bushel hampers pointed type, 1.25; Norfolk * section, Virginia, | 175-bushel hampers pointed type, 1.00a | 1.25. Célery—Supplies moderate; demand mostly around 6.00; New York, two- third crates, 3.25. Lettuce—Supplies moderate; demand light, market steady; California, crates Iceberg type, 4-5 dozen, 4.50a4.75. Onions—Supplies_moderate; demand light, market dull; New York and Ohio 100-peund sacks yellows, U. 8. No. 1, medium to large size, 2.00a2.15. Potatoes—Supplies moderate; demand moderate, market steady; New York, 150-pound sacks, round whites, U. 8. No. 1, 4.25a4.35; Maine, Green Moun- tains, 150-pound sacks, U. S. No. 1, 4.50; 120-pound sacks, U. S. No. 1, 3.60a | 3.75. | Sweet potatoes—Supplies light: |1, 2.7 | ceipts light; South Carolina, supplie: | liberal, most stock not on early market; | | demand light, market weaker; early | sales, Florida, bushel hampers, green ! best, 4.0024.50; fiat, fair quality, 3.00 3 -bushel hampers, green, best, 3.00a 3.25; no later sales, but dealers asking 50a1.00 lower. Cucumbers—Florida express Teceipts light; supplies very light; demand light, | market steady; Florida, square bushel | crates, fancy. fair quality, 6.00. | Squash — Florida express receipts light; supplies light; demand moderate, market steady; Florida, pepper crates, white, wrapped, best, 4.50; fair quality, medium size, 3.00a3.50. Peas—Supplies light: demand light. market steady; California, 45-pound crates, mostly 10.00% Eastern, no sales reported. Turkeys, | light, market steady; California, crates, | de- | | mand slow, market steady; East Shore | | Virginia, cloth-top barrels, yellows, No. | String beans—Florida express, re- THE EVENING STAR, . WASHINGTON, WESTERN MARYLAND NET SHOWS GAIN OF $56,822 Special Dispatch to The Star. BALTIMORE, November 29.— The Western Maryland Railway reports perating Tevenues for October $1,825,- 010, an increase of $29,084, compared with the corresponding months in 1928. Operating expenses were $1,099,044, a decrease of $52,692. Net income after adjustments were $449,213, a gain of $56,822. Figures for the 10 months and those for the corresponding period last year were as follows: Operating revenues, 1929, $15,855,- 586; 1928, $15494,515; operating ex- penses, $10,558,756, $10,544,767, and net income, $2,449,945, $1,968,516. BETHLEHEM STEEL CO. PUSHES BALTIMORE‘WORK Special Dispatch to The Star. BALTIMORE, November 29.—The $20,000,000 construction program of the | Sparrows Point plant of the Bethlehem Steel Co. is in full swing, with founda- tion work under way at the new open hearth unit, blast furnace No. 3 and the new wire mill warehouse unit almost complete. ‘The open hearths themselves, which will contain six furnaces of the latest design, will constitute the largest build- ing, covering 120,000 square feet of sur- face, a structure 600 feet long and 200 feet wide. Alongside of this unit, paralleling it, the foundations are being laid for a mold yard, which will be 600 feet long and 80 feet wide. At one end of the inclosure will be a mixer building, and lhed stripper shed will close off the other en The actual construction of the build- ings and installation of machinery will follow closely, upon completion of the foundations. The work of increasin; of blast furnace No. 3 daily to 1,000 tons is progressing fast, as is the work of rebuilding one entire unit of coke ovens to raise the output of the plant one-third, as outlined in the general construction program. The wire mill warehouse, which cost about $800,000, is practically completed. the capacity PLANT SALE APPROVED. BALTIMORE, November 29 (Spe- cial) —Sale of the electric and ice plant at Leonardtown, St. Marys County, owned and operated by William F. Cecil, to William F. Stevens of Chicago for $60,000, has been authorized by the Public Service Commission. In grani- ing permission for the sale the com- mission stipulated that there should be no change in the present rates, ana “That all books, records and accounts | of the said Willlam F. Stevens pertain- ing to the electric plant at Leonard- town, Md., together with all original correspondence and other relevant pa. pers in connection therewith, be a all times kept within the State o. Maryland.” - A new steel vessel, the Westdahl, has been added to the Pacific fleet of the Coast Survey. rom 250 tons | BUSINESS OUTLODK DECLARED BETTER Hoover Conferences Held Important Feature in Re- storing Confidence. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, November 29.—Senti- ment has been improved unquestionably by. the conferences which President | Hoover has held in the last week with| representatives of big corporations and as a result of the pledges of co-opera- tion from the States. Business, in co sequence, has commenced to move at a better pace, The retail trade of the coun- try is on a firmer basis, and merchants with five days of good receipts behind them in the last week are much en- couraged. So far the improvement has been largely a sentimental and psychological one, although none the less important for that. The pledges of expansion, construction and maintenance expendi- ture have not yet begun to be ful- filled. There are some business men who feel that most of the cheering has been before the game was won. The acclaim which greeted the Hoover program to sustain industrial activity and the re- sponses to it, these men say, repre- sented merely the preliminary cheers which always burst forth when the rival teams come on the field. They as mit freely, however, that there will be a tremendous concrete effect when they are fulfilled. ‘Waiting for Results. The building promoters, architects, contractors and material men are wait- ing just now to see what strength the construction team will show in the financial line. They know that erection of skyscrapers, public buildings, homes and factories, the construction of high- ways and bridges, the laying of pave- ments, the stringing of wires and _the spiking of new track cannot be done without money. They also realize that money Is in supply. But they wish to be_absolutely sure that it will be avail- able before they feel easy. Some take the position that corpora- tions involved in the huge p outlined must finance their operations and that the money must come eventu- ally from absorption of stock and bond issues by the public. The public, they assert, may be led up to an investment, but cannot be forced to buy. This is worrying the street railroad men par- ticularly, They have been trying, with only partial success, to finance rehabili- tation programs for the last 10 years. All admit there is no lack of money it it can be brought out. Sound invest- ment, bankers feel that the public will Ibe eager to grasp an opportunity for The Most Luxurious OVERCOATS In America are included in this sale i Camel Hairs, Burly Meltons, Hairs, etc. Grades up .75 to $100..... ‘73 Grades (501 9th St. N.W.) ,%;gj - = A Simple Solution—of a ‘tough’ Problem— = i Men’s clothing that didn’t sell as it should on account of an unusually warm October and November, simply must be sold NOW! Just how to do it was a problem— but the answer was, after all, quite simple. CUT THE PRICES! ks 2 MAKE THE Our Entire Stock of We've done it! VALUES SO STRONG THAT EVERY MAN IN WASHINGTON CAN'T HELP BUT BE INTERESTED—and the overstocked condition will take care of itself! Prices Slashed to the “bone”’ — for ACTION! Doublewear SU (Except Middishade Blue Serge Suits, Topcoats and OVERCOA TS REDUCED! Grades Up to $40 '23° Including Many of the Popular $75 BLUE WORUMBOS. . .... A Speciél Group of SUITS TOPCOATS OVERCOATS 19 Grades Up to $50 ‘33" OurdErtirei5toch of Famous WORUMBO OVERCOATS REDUCED Reduced to Aslowas. .. TUXEDO SUITS REDUCED ¢ Grades Up to $69.50 43~ As low as 14615 23 D.. . C., FRIDAY } investment in the solid and stable con- struction involved in the program, and that since the value of the securities will rest on a firm. foundation of assets and accomplishments, instead of stock market price fluctuations, the issues will prove particularly attractive, Construction Field. Corstruction men are worried over analysis of some of the pledges from in- dividual States which, they hold; prom= ise little if any more work than has al- ready been laid out and on which the contractors have been cgunting for months. In any event, sentiment is better to- day than a week ago, and so is retail trade. The latter is the real indicator, for when all is said, it is retail buying which necessitates and stimulates ma ufacture and production. Gov. Frank- lin D. Roosevelt of New York evidently felt this when he called a conference of the factors in the cloak and suit in- dustry, leading department stores and heads "of retail organizations for De- cember 12 in this city. The purpose of the meeting is to stabilize industry. He points out that the cloak and suit in- dustry serves retailers and consumers all over the Nation and that many other lines, both retail and wholesale, are sensitive to its fluctuations. Retail- ers and manufacturers are watching for the result of this conference with al- most as much anticipation as that with which they await the fruition of the Hoover program. In the meantime Christmas trade has gotten off to a fine start. The steel mills have shown a slight increase in gotten off to a fine start. The steel mills | g, have shown a slight increase in the last week and sentiment and activity in the automobile industry is improving, accord: ing to the large manufacturers. Construc- tion work now in progress is moving with added swiftness and the signing of : , NOVEMBER. 29, 1929. ; NEW SEABOARD STOCK = additional construction contracts 1is about normal to the season. The elec- trical equipment manufacturers are working almost at capacity and almost as many radio Sets are being sold as in times of brightest outlook, although at lower prices than obtained earlier this year. Metal Situation. ‘The non-ferrous metals are, most of them, suffering from the fact that this Is a buyer's market and consumers’ are able to hold off, confident they can get supplies when they heed them and st about their own terms. . Some copper producers are down to of a 50 per cent of capacity basis and | have asserted that maintenance of the 18-cent price level through the first quarter of 1930 is assured. The ship- ping on the Great Lakes is now winding up one of its largest and most success- ful years, with a record total of iron ore ‘transnorted. Aviation plants are marking time to a' large exten Coal is showing improvement and the statistical position of petroleum is showing betterment. Tariff uncertainties and possible ad- ditional objections on the part of Gov- ernment reguldtory bodies are causing some hesitancy in future plans of radio, aviation, motion picture and transpor- tation lines. PARIS BOURSE PRICIS. PARIS, November ' 28 (#).-—Prices generally’ were firm on the Bourse to- lay. | Three per cent rentes, 81 francs 5 | centimes. Five per cent loan, 105 francs 40 centimes. Exchange on London, 123 francs 84 | centimes. The dollar was quoted lti | 25 francs 3814 centimes. TO YIELD $20,000,000 One of the final steps in consumma. tion of the Seaboard Air Line Rallyay Co. readjustment plan is being taken with the formal offering to the road's security holders of 1,892,630 new com. mon shares at .QXH“ of $12 per share, ‘which will yield the company more than $20,000,000 after deducting all expenses incident to the plan, including under= writing commissions. The offering has been underwritten by Dillon, Read & Co. and- Ladenburg, Thalmann & Co. Under the terms of the offering pre- ferred and common stockholders are en. titled to purchase two shares of com- | mon s for each share held, while holders of_certificates of deposit, repre- senting adjustment bonds, chase two common shares for eacl share of common stock which such holders shall be entiletd to receive under the plan. Each holder of a cer tificate of deposit representing $1,000 prlnlclall amount of adjustment bonds is entitled to receive under the plan 15 shares of common stock. In connection with the offering Presi- dent L. R. Powell, jr.. of the Seaboard company, announced that a group which was organized some time ago to acquire substantial amounts of Seaboard securi- ties has notified the company that it will subscribe at the offering price of $12 per share to approximately 280,000 shares of new stock—the total amount to which its present holdings of Sea. board securities entitle it to subscribe. Following a survey and analysis of Sea- ‘board business and properties by Cover- dale & Colpitts, consulting _engineers, this group has already expended more than $2,500,000 in acquisition of the ny's preferred and common stocks. In exercising its subscription privileges it will increase its te expenditure for the company'umw more than’ $5,800,000. KENT RADIO FACTORY INCREASES PRODUCTION | Special Dispatch to The Star. PHILADELPHIA, November 20.— | Announcement is made by the Atwater Kent Manufacturing Co., largest manu- facturers of radio equipment in the United States, of 100 per cent increase in radio production in the Atwater Kent plant in the last three weeks, ‘This factory, the announcement | states, has at no time been over- produced and that the demand from ts distributors throughout the country in the last three weeks has necessitated a douhling of its production and a re- ultant increase in the number of fac-' tory employes. \ “Today,” said Mr. Kent, “our factory is in the strongest position it has ever held.” By the Associated Press. | . In spite of seasonal advance toward | Winter, building operations in the | United States last week took a mod- erate forward spurt. As reported to the Census Bureau, the daily average of new building contracts let in terri- tory east of the Rocky Mountains for the week and comparable periods follow: Week ending November 23, $1 000 preceding week, week last year, $18,20 .- $10.754,000; same 00/ TORDAN’S have as their XMAS SPECIAL---Twenty-five Small Grands---The Name Needs No Recommendation (1B HE G ) il i l ';',.‘ Constructed Grand Using Supporting Posts an d a Very Heavy Plate are Necessary, to the Life of a Grand Just Built for the Small Room in the Modern Apartment 25 The Ampico - Delivered With Duet Bench Every Xmas we have had some unusual offer to extend as an Xmas Special in the way of price, savings and terms. Surely our price on this well-known make of piano is in keeping with our past records. The whole music world is familiar with the Royal Piano. Balance in First Payment Monthly Payments % Attractive Qualities Your Old Style Piano Accepted in Trade ~ ARTHUR JORDAN PIANO COMPANY 13th & G and 2926 14th N. W. The Ampico _— MASON & HAMLIN - CHICKERING - MARSHALL & WENDELL