Evening Star Newspaper, December 11, 1929, Page 12

o enanmmings -~ THE _EVENING TURKEYREGEPTS SUEHTLY LOWER Egg Prices Are Easier—Fish| Shipments Gain at D. C. Market. Turkey receipts this morning were not so heavy. Prices, the same as those quoted yesterday, are expected to iake & material drop the next day or tw unless receipts take an unexpected turn, which is not _expected. Fort Worth and San Antonio, Tex., packers are continuing to receive sup- plies from raisers throughout the State, prices, it is stated, continuing cheap enough to suggest a lower Christmas market here. Several small truckloads of turkeys from Maryland and Virginia were de- livered to wholesalers here this morn- ing at prevailing prices. Most of these turkeys, however, probably will be dis posed of before the beginning of the Christmas trading, the current demand being fairly goed. Marine Products. were more plentiful this morning, yesterday's receipts having been fairly large, and cheaper prices ruled. Spring chickens showed a de- cline, while prices of other poultry re- mained unchanged. A slight easing of the egg market was reported by dealers, some reporting a drop of a cent or two in prices. It was suggested by dealers that further decreases may be reported before the close of the week unless weather con- ditions interfere with their gathering and shipment. Dealers in marine products this morn- ing had fairly heavy receipts of several varieties of fish from the Potomac Riv- er, most of them coming from nets a short distance below Alexandria. In- cluded among the receipts were catfish, chub, mud shad and yellow perch. Commission merchants and dealers on the farmers’ line had their usual displays of fruits and vegetables, but trading was very light. All the dealers are locking forward to the Christmas holiday season, confident they will have supplies more than ample to meet de- mands. Celery, always in demand during the Christmas holiday season, is being re- ceived in fairly large quantities, poth from New York and California. Cal- ifornia stock, large crates, this morning #old at $6.50 ana $7, while the smaller crates of the New York product sold around $250 and $3. Cranberries, also in demand as a turkey dinner accompaniment, are not #0 plentiful, and dealers say there is no likelihood of their becoming more plen- tiful or cheaper the next two weeks. ©ne-half barrels of the fruit sold at $9 this morning, 14 barrels being quoted at $4.50 and $5. ‘Plentiful supplies of shipped-in vege- tables were displayed this morning in the commission house district, while home-grown vegetables were plentiful on the farmers’ line. Prices of most commodities this morning were about the same as prices quoted yesterday. Today'’s Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 441a 45%2; tub, 43!za44!z; store packed, 30a32. Eggs—Hennery, 58a60; fresh selected, 53ab5; current Teceipts, 53a55. Poultry, alive—Turkeys, young hens and toms, 32; old toms, 27a28; Spring chickens, large, 24a25; medium, 23a24; broilers, 28a30; Leghorns, 32a23; fowls, 25a26; roosters, 20; ducks, 15a20. Dressed—Turkeys, young hens and toms, 37a38; old toms, 33a34; Spring chickens, large, 32a33; medium, 32a33; broilers, 35a36; Leghorns, 28a30; fowis, 28a30; ducks, 28a30; roosters, 23a25; capons, 40a45; keats, 70a80. Meats—Beef, 20a22; veal 24a26; lamb, 24a27; pork loins, 22a25; fresh hams, 20a22; fresh shoulders, 18a22; smoked hams, 25a26; smoked shoulders, 18a20; bacon, 25a26; lard, in bulk, 13; in packages, 12. Live stocks — Calves, 15; lambs, 1215213, Fruit and Vegetable Review. The daily market 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; demand light, market steady. Barrels: Virginia U. 8. No. 1, Yorks, 212-3 inches, 4.50a 5.00; Pennsylvania, U. S. No. 1, 213 inches up, Yorks, 4.50. Boxes: Wash- ington, extra fancy Delicious, medium to large size, 3.75. Bushel baskets: Pennsylvania, U. S. No. 1, 23 inches Chickens PARAMOUNT FILM INTERESTS GROW Zukor Reports Company in: Good Cash Position. Earnings Large. | BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, December 11.—"We | have no bank loans. The ratio of our | quick assets to liabilities is large. We | have ample cash and our earnings for | this year, especially the last quarter, are away ahead of last year's.” Adolph Zukor, president of the Para- mount-Famous-Lasky Corporation, made | this statement after the stockholders’ meeting yesterday. “Our earnings in October and No- | | vember—the months of the stock mar- | | ket break—kept up extremely well,” he | said. “They showed a large increase over the corresponding period of last | {year. That's why I am recommending that we increase our dividend rate on our common stock from $3 to $4 an- nually, payable quarterly.” i At present Paramount has 2,647,000 shares outstanding. Its stock was split three for one last year. Its estimated earnings for this year are expected to ; show $6 to $7 a share. Since the beginning of the organiza- tion, the Paramount has paid in divi- dends $32,000,000 in cash and $6,500,- 000 in common stock dividends and rights. The December dividend will be th;drorty-fltth consecutive quarterly one paid. | “Our plans for 1930 call for the | | greatest year in our history,” said Mr. | Zukor. “That's our message to Mr. | Hoover.” | | Secretary Mellon's nine-month Treas- |ury certificate of indebtedness issue, | carrying only 31« per cent interest, was | | oversubseribed 100 per cent. The offer- | ing was for $325,000,000 and the sub- | seriptions totaled '$722,000,000. This gives a fair idea of what interest rates for the next nine months will be—low. ¥ Secretary Mellon is trying a new ex- periment in Treasury finance. Friday he is offering $100,000,000 of non-inter- est bearing 90-day Treasury bills, to be sold on a discount basis to the | highest_bidders. | Dated December 17, they will be due |March 17, and will be in three de- ggamlnltlons, $1,000, $10,000 and $100,- | And the rate of interest will be low, probably lower than the certificates. It | |is a long time since the Government borrowed money at 313 per cent. Think of only a few months ago, when the rate on certificates was 515 per cent, a flat 2 per cent above this last one, which was twice oversubscribed. This new form of Treasury financing yellows, U. S. No. 1, medium to large size, 2.25a2.35. Potatoes—Supplies moderate; demand light. market steady. Maine, 150-pound sacks, Green Mountains, U. 8, No. 1, 4.50a4.65; 120-pound sacks, Green Mountains, U. 8., No. 1, 3.65a3.75; few as low of 3.50. Idaho, 100-pound sacks, Russet Burbanks, U. S. No. 1, 3.75a4.00. New York, 150-pound sacks, Round Whites, U. S, No. 1, 4.25a4.35. Penn- sylvania, 120-pound sacks, Round Whites, U. 8., No. 1 3.35. String beans—Supplies light; demand light, market firm; Florida, bushel hampers, green, best, 3.00a3.25; hold- overs, fair to ordinary quality and con- dition, 1.50a2.50. Cucumbers—Supplies light; demand slow, market dull. Florida, 3-bushel hampers, fancy, best, 4.00a4.50; fair quality, 3.50; bushel hampers, choice good q y, 3.50; square bushel crates, ancy, fair quality, 3.50a4.00. Squash—Supplies very light; demand light, market steady. Florida, pepper crates, large size, few sales, 3.00; me- dium size, 4.00a4.50. Eggplant—Supplies light; demand light, market steady. Florida, pepper crates, fancy, fair quality, 3.50; few fine quality, 5.00; some medium size, fair quality, 2.50a3.00. ‘Tomatoes—Supplies light; demand light, market steady. Repacked, un- | known origin, 3s, ripes, wrapped, fancy count, 3.00a3.25; choice count, | 2.50a3.00. Originals, California, boxes, green turning, wrap sales reported to quote. Ol POt baskets, hothouse, medium size, 2.00a 2.25; small size, 1.50a1.75. Spinach—Supplies moderate; demand | light, market steady; Virginia, Norfolk section, bushel baskets, savoy type, 75a 1.00; few high as 1.25; Texas, bushel baskets, Savoy type, few sales, 1.75, Caulifiower—Supplies mod: ; de- |mand light, market firm; California, has received little attention, but it is destined to play a large part in the fu- ture history of the United States Gov- ernment. Other nations have used the methcd for years. If this first offer is success- ful, and there is every indication it should be a huge success, the American people may expect, more and more, Government financing to be done in this way. ‘The first petroleum pipe lines to func- tion were from the oil flelds of Penn- sylvania to Eastern refineries, centering about New York City. When these oil | fields declined the pipe lines began to lose their importance. They became more or less a total loss. Recently, how- ever, they have taken on new life. Two examples will show it. ‘The Tuscarora Pipe Line (Standard Oil subsidiary) formerly sent the crude ofl from a point near Pittsburgh to the Standard Oil refinery at Bayonne, N. J. Now the process is reversed The big refinery is sending gasoline through the old pipe line back to Pittsburgh and saving freight. ‘The National Transit Co. Pipe Line, which formerly sent oil from Olean, Double-width in floral and SN 24-inch STAR. WASHINGTON, French Pearls Receive Christmas welcome . . . . strand of Y., to Passaic, N. J., is now used to send gas from the natural gas flelds of West Virginia, connecting Pittsburgh, Cincin- nati, Cleveland. Toledo and other cities. This is operated and controlled by the Columbia Gas & Electric Co. Assets charged off as useless have again become valuable. The work of re- | enerating dead assets is constantly faking place. But no industry shows the revival more than the pipe lines. Read Owen D. Young's clear state- ment before a Senate committee in Washington showing why it became necessary to merge the patent rights, of various companies to form the Radio Corporation of America. “It had become apparent,” said Mr. Young, “that sending (messages) could be done by General Electric, but re- celving violated certain patents held by the Westinghouse Co. It was im- possible with all those scattered patents to establish a functioning system of radio communications. It was utterly impossible for any one person or organ- ization at that time to accomplish re- sults. All had patents, but none had enough. It was a stalemate.” So the new Radio Corporation was Hand-Blocked Scarfs, $3.95 imported chiffon, hand-blocked modernistic designs . . . flesh, dahlia, tan, blue, grey, green, white and black. A filmy scarf to drape over the shoulders of an evening gown . . . to tuck beneath a coat. | D. C. WEDNESDAY. DECEMBER 11, formed, and into this all patents of the different companies were pooled. “Having come to the conclusion that neither company could function with- out the other, we turned the matter over to competent authorities to have contracts made under which we could effectively carry on,” explained Mr. Young. These *contracts” are now in the courts for violation of Federal anti- trust statutes. Mr. Young champions the merger of radio and wire “under strict Govern- ment supervision.” He said frankly that the Radio Corporation of America | would like to make an affiliation with the International Telephone & Tele-| Because | graph Co. Why not now? the Federal law prohibits. Mr. Young does not fear monopoly. He believes, in fact, that it is nece: sary, especially in the field of interna- tional telegraph service, and “from a standpoint of national interest a mo- nopoly, either regulated by the Govern- ment or owned by the Government, is & necessity and a necessity now."” He was candid. “The Radio Corpora- tion is today not rendering a satisfac- tory service because there is not money 1929. enough or energy enough spent on re- search,” he remarked. |l ission to merge Wire and Radio is not granted by Congress, Mr. Young believes the position of the | United States in the international com- munications fleld will move backward | and not forward. “Parity, gentlemen, is important to the United States in more sglds than | warships: in none more so than com- | munications,” was his parting state- ment. | _The hearings on the Couzen bill are clearing the atmosphere and letting the the people see some of the moves tak- ing place on the world's checkerboard. (Copyright, 1929. by North American New p paper Alliance.) PRICE INDEX HIGHER. | Following eight successive weeks of | decline, prices of commodities have ad- | vanced during each of the last three | weeks. 1 per cent during the week ended De- cember 7 was registered in the whole- sale price index of the National Fer- tilizer Association. elleff s A_FASHION INSTITUTION Paris Spain is noted for ’Kerchiefs as well as the Tango For handkerchiefs, handmade yet inexpensive, we've gone this year to Spain. And triumphantly, for we've imported lovely linen squares with hand-rolled hems, hand scalloping and hand-embroidered appliques . . . done in classic white or with color contrasts . . . and presenting an interesting variety of gifts . . . certainly there's romance and ??—??—?? in exquisite gift hankies from Spain. You may select a very lovely single exponent of the Spanish handiwork and present it pridefully . . . or you may give a dozen. The prices are most reasonable . . , small The New Washington NewYorks An advance of four-tenths of | Business Notes By the Associated Press. NEW YORK, December 11.—Detroit | Edison is expected to announce soon nev financing totaling $13,516,000. | Celluloid Corporation has reduced | prices on its non-inflammable film base to photographic and X-ray consumers. November output of Island Creek Coal was 578,549 toi ns. Reports from the Youngstown district note an improved tone in the steel mar- ket, especially for flat rolled material. Requirements of Ford Motor and Chev- rolet are sald to be increasing.. Caterpillar Tractor has reduced prices on_road-building, farm, logging and | construction machinery. Niagara Hudson Power System's out- put of electricity in November was 584,- 600,000 kilowatt hours, an increase of 1 per cent over the same month a year Xy ## Not Many Days Until Christmas! A Flower Season . . COPPER SALES GAIN. NEW YORK, December 11 (A.— Foreign sales of copper Tuesday came to 6,000,000 pounds and were the largest of any day in three months. Slight improvement also was reported in do- mestic buying. ‘All current buy! of copper is reported to be for immediate shipment. The official price of electro- Iytic copper for domestic shipment is being maintained at 18 cents a pound. By the Associated Press. | NEW YORK, December 11.—New se- | curity offerings today include: Peoples Light & Power Corporation, $3,000,000 one-year 5'2 per cent gold.notes, offered at 99.50, by G. L. Ohstrom & Co., Inc., Brown Bros. & Co. and Coffin & Burr, Inc. Central Maine Power Co., additional $3,000,000 issue first and general mort- gage lts, series D, due 1955, offered at 9750 by Harris, Forbes & Co., Hill, Joiner & Co. and Coffin & Burr, Inc. . $1 and $1.50 Flowers, 50c and here are dainty little bandboxes, filled with gardenias of silver and cloth . . . crystal bou- tonnieres . . . roses . . . various coat and dress flowers . . . 50c the box and just arrived for Christmas selling. Array of Silk Undies to Make Feminine Hearts Beat Faster Dance sets . . . Princess line slips . . . bloomers . . . step-ins . . . French panties ... chemise . . . fashioned from good quality crepe de chine in tailered and lace- trimmed styles . . . cream lace, chantilly or net applique, scalloped picot bot- toms, ribbon sashes . . . silk rosebuds . . . really splendid for giit giving, for they're made so nicely. Slips on princess lines. Bloomers with elastic at waist and knee . . . danc or lace-trimmed . . . step-i e sets . . . tailored ns and French panties of crepe satin . . . in the lovely pastel shades . . . flesh . eggshell, white, peach, blush, lido blue and water spray . . . Silk Stockings may be as Gift Compacts important as you please Choose from these—with French Lace Clox —a lovely all-silk extra sheer chiffon, low French heels and colored picot top. 3 e $8.70 $9.95 pair up, Northwestern greenings, 2.25; Yorks, U. 8. No. 1, 23 inches up, fair condi- tion, 1.50; black twigs, fair condition, 1.75; Virginia, U. 8. No. 1, Grimes, 2?, inches up, slightly slack pack, 2.00a2.25; U. 8. No. 1, 2!, inches up, Staymans, mostly around 2.00; few fine juality, high at 2.50. Cabbage—Supplies moderate; demand moderate, market steadv. New York, 100-pound sacks, Danish type, 1.85a2.00; Fouth Carolina, 1;-bushel hampers, przll_nted type, some fair quality, 1.40a 3. lpogyp,;;m,,} 3_00,fi-,_25. it i French pearls with silver eppers—Supplies ight; leman: * §it light, market steady; Florida, pepper h“glc beads and‘a smgle crates, fancy, 6.00a8.00; mostiy, 6.50a large pearl dropping from 7.00; bushel hampers, fine quality, 4.50. | 4 $3 Peas—No supplies on the market, o . Carrots—Supplies moderate; demand moderate, market steady; California, Western lettuce crates, bunched. 3.75a 4.00; mostly, 3.75. Oranges—Supplies liberal; demand | moderate, market steady; Florida, | boxes, Pineapples, No. 1, medium to | large size, 4.0024.50; No. 2, medium to | large size, 3.7524.00; California, boxes, ;{gveu. few sales, medium size, 7.00a | 50. | Grapefruit—Supplies moderate; de- mand moderate, market steady; Florida, boxes, No. 1, medium size, 4.2584.75: large size, 3.75a4.25; few fancy, high as 6.00. ! Strawberries—Supplies very light; de- | mand light, market dull; Florida, pony retrigerators, Missionarys, 40850 per | pint. Demure shining discs that slip into one’s bag unobtru- This year as never before R Gold Stripe are the ideal T 'hlrilliant circlets . % = . . . flat oblongs . . . as stockings for glfls. With different as the noses they an array of styles that in- will powder . . . and reflect 1 Heu it h . . Charmingly different cludes the filmiest sheer thoughts, too, the new cam- chiffons as well as service era compact . . . the wrist . . vanity by the Marques de weights and pointed or Elorza . . . and powdeurs square heels, picot tops mngrihutcd‘};v the famous and lace clox, combined el et with the beauty of silk 100% pure and guaranteed . garter run protection, there are indeed no stock- ings quite like Gold Stripes for gifts. = the chain Pearl bracelets to adorn a feminine wrist, $1.95, $3 and $3.95. Pearl Earrings. . .featur- ;‘nz the Gloria Swanson utton and many styles in drops...$1 to $3. With Double Pointed Heels— An exquisite chiffon with colored picot top —duskee, sable, almora. $].95 pair' 3 pairs, 35.70 Celery—Supplies moderate; demand moderate, market firm. New York, 2-3 crates, mostly 3. California, crates, 5.50a6.50; mostly 6.00. Lettuce—Supplies moderate;: demand moderate, market steady. California, crates, Iceberg type, 4-5 dozen, 5.00a 5.50; 6 dozen fair quality, 4.00a4.25. Onions—Supplies moderate; demand light, market steady. Ohio, 100-pound U. 8. No. 1, medium size, 100-pound sacks, Cape Gloves go hand in hand with chic $9.50 Washable South Afri- can Capeskin with smart turn-back cuffs and thong laced pique seams they make a splendid gift. The col- ors, too, make them particularly givable for they follow the estab- lished shades of silk stockings...biscay nude, creole, Palm Beach, French grey . . . and of course a really thoughtful gift is the combination of gloves and Gold Stripe Silk Stockings. .. Suede Jackets for 'the young lady at school— for the sports woman $2 9.50 Swagger, jaunty...hip- length jacket conjuring al- luring visions of all things pour le sport ..a flash of color in an open car...a gay pennant on the cam- pus ... green, blue and brown. Rubinstein's new modernistic triple compact— $2.50 scarlet and ebony oblong Sl Elizabeth Arden's odd. dainty gold filled case for 33 With reinforced cotton welt, silk from top to toe, French and pointed heels. ..duskee, 2 2 loose powder szl;lel,) as'enm‘oun. almora, seasan, pawnee Lucien Lelong's s %\zna_r‘i and beechnut. % o) 3 pairs, 34.80 $1.65 pair Only at Jelleff ) —but a silk stocking annex Hudntts) 6" \Debut> with second floor to give quick i i genuine cloisonne service and an extra oW "‘“‘f“‘"al 37,50 Stoneleigh Court shop at shape 1013 Connecticut Ave., for Coty's square nickel com- your convenience. pact with “'"“‘”“ $2,50 $2 the gold A serviceable five-thread Chiffon Thoughtful Gifts in the Realm of Footwear Jewelry enamel case with his own monogram Buckles . . . . An array of lovely creations ...fine imported French cut steel creations for street wear . . . others of alumi- num, steel and bronze . . . and exquisite, modern ones of rhinestones and simu- lated crystal for evening. Range from $2 to $10. Gold Stripe Wardrobes Dainty hoxes—designed exclusively for Gold Stripe Silk Stockings— 50c—65¢c—75¢ Madelon’s enamel case with rouge and powder Wrist Watch, case by Marques de Elorza . . finished case and hardly larger than 37.50 a watch ...... Import Cases, inlaid with black and green enamel . . . for your favorite loose powder. £ $|‘0 Give three or six pairs In one.of these wardrobes or we will box them free in Christmas box. Ornaments . . . . That charmingly trim the evening slipper...buckles of real stone tones. . .clasps of rhinestones and crystal and rhinestonc combined « oo $1.75 to $7.50. Men—Just telephone your orders to Elizabeth Brewster —no trouble for Heels . . you after that. Metropolitan 0300. To smarten the evening splendor, are studded with brilliant stones...in three price ranges...$5, $7.50 and $10. % Shoe Shop—Street Floor Black moire background with colorful floral design of delicate tracerie Mounted on filigree frames. S FASHION INSTITUTION Washington Nowlorh See our wonderful collec- tion of boudoir slippers. $2.75 to $12.