Evening Star Newspaper, January 14, 1930, Page 12

A—12 STAR, WASHINGTON, D. C., TUESDAY, JANUALY 14, 1930. TOADING IS DRAGEY AT D. . MARKET Wet Weather Hampers Busi- ness in Wholesale District. Supplies Ample. This morning’s wet weather proved a resious handicap to trading in the wholesale district. It not only kept many retailers away, according to deal- ers, but it also prevented the making of usual attractive displays of commodi- ties, fruits and vegetables not under cover being partly covered with canvas. “There was an almost complete deser- tian of the farmers' line, rain having £art=d last night early enough to keep mGst of the haulers at home, and the oontinued rain today made it difficult to #ther vegeiables for tomorrow’'s mar- ket, Vegetables on Display. Turnips, parsnips, cabbage and a few cut-off carrots were the principal vege- tables offered on the farmers’ line, while in the commission house district, on the opposite side of B street, there were fairly plentiful supplies of all varieties of vegetables. . Florida, South Carolina and Texas cabbage, selling around $3 a hamper, at- tracted attention of buyers, as did some of the old stock from nearby and the North and West. Kale and spinach continued in plentiful supply, and deal- ers had numerous other varieties of vegetables to offer the retail trade. Two-peck baskets of peppers sold from $2 to $3, squash sold at $1 and $1.25 and cut-off carrots, also in two- peck baskets, were quoted at $1.25. California caulifiower was offered at $2.50 a crate. Strawberries continued fairly plenti- ful and of good quality, 40 and 45 cents a quart being asked for choice stock. Apples continued plentiful and cheap, and dealers had supplies of pears, grapes, oranges, grapefruit, bananas, persimmons and other fruits-to meet demands of retailers. Receipts of poultry were reported fairly heavy this morning, receipts in- cluding turkeys, chickens, geese, ducks and keats. Spring chickens, many of the so-called hothouse stock, have ap- peared earlier and in much larger quantities than “And prices have been cheaper than usual,” remarked a dealer. A fairly steady and unsettled condi- tion of the butter market was reported, prices having advanced a fraction of a cent a pound, the increase being so slight, however, that retail prices were not affected. No change was reported in the con- dition of the. egg market. Receipts have gradually increased the past week or more, dealers reported, and it is be- lleved a further increase will bring prices down before the end of the week. Prices of most commodities this morning were substantially the same as prices reported at the close of yester- day's market. Teday's Wholesale Market—Jobbers' Prices Slightly Higher. Butter—One-pound prints, 3815a39%%; tub, 37'5a3812: store packed, 25a30. Eggs—Hennery, 48a50; fresh selected, 47: current receipts, 44a45. Poultry, alive—Turkey, young, 30a32; old toms, 27a28; Spring chickens, large, 28a30; medium, 28a30; broilers, 30a32; fowls, 27a28; Leghorns, 20a23; roosters, 20: ducks, 15a18. ~Dressed—Turkeys, young. 36a38; old, 32a33: Spring, chickens, large, 34a35; medium, 34a35; broilers, 38240; fowls, '32a33; Leghorns, 26a27; ducks, 28a30; roosters, 23a25; capons, 35a40; keats, 50a60. ‘Meats—Beef, 20a22; veal, 28a30; lamb, 26a28; pork loins, 28; fresh hams, 24; fresh shoulders, 32; smoked hams, 25; emoked shoulders, 22; bacon, 25a26; lard, in bulk, 12';: in packages, 1312, Live stock—Calves, 16; lambs, 13a14. Fruit and Vegetable Review. “The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultyral Economics) says: Sales to jobbers except where other- wise noted. Apples — Supplies Hberal; demand moderate, market steady; barrels, New York, U. S. No. 1, 215 inches up, Baid- wins, 5.5086.00;. boxes, Washington, extra fancy, mediuum to large size Romes, mostly 3.00; extra fancy, me- dium to large sizes, Staymans, 3.00a 25; bushel baskets, Virginia, U. S No. 1, 215 inches up, Staymans, mostly around 2.00; unclassified, 234 inches up, 1.75a2.00, few low as 1.50; , 2% inches up,~¥orks, 1.75, few higher; New York, unclassiffed, 2% inches up, McIntosh, few sales, 2.50. Cabbage—Supplies liberal; demand light, market about steady; New York, 100-pound sacks, Danish type, 2.158 2.25; 90-pound sacks, mostly 2.00; South Carolina, 1%5-bushel hampers, ~round type, mostly around 2.00; Texas, bar- yel crates, approximately 100 pounds net, round type, 4.50. Celery—Suppiies light: demand light, market steady: California, crates, 6.00a 6.25; fair quality and condition. 5.00a 5.50; Florida, 10-inch crates, 3-6 dozen, | good quality and condition, 3.00a3.25. Lettuce—Supplies moderate; demand 1ight, market steady: Arizona, crates, Iceberg type, 4-5 dozen, 4.0024.25. Onions—Supplies moderate; demand light, market steady: New York and Michigan, 100-pound sacks, yellows U. 8. No. 1, medium to large size, 2.25; Ohio, 100-pound sacks, yellows, U. S No. 1, medium size, fair quality, 1.90a 2.00; 50-pound sacks, yellows, U. 8. No. | 1, medium size, 1.00a1.15; Colorado, 50~ pound sacks, Valencia type, U. S. No. 1, very large size, 1.65a1.85; large size 1.50a1.65. Potatoes—Supplies moderate; demand light, market steady; Maine, 150-pound sacks, Green Mountains, U. . No. 1 475a4.85; 12 sacks, Green Mountains, U. , 3.7583.90; New York, 150-pound sacks, round whites, U. 8. No. 1, 4.50a4.65. Sweet Potatoes—Supplies moderate demand light, market dull; Eastern Shore, Maryland. bushel hampers, Yel- lows, No. 1, 1.50; few s'ightly decayed. 1.40; North Carolina, bushel baskets Porto Ricans, No. 1, 1.25. String Beans—Supplies light; demand light, market steady; Florida, bushel hampers, green, 3.00a3.25: ordinary quality and condition, 1.75a2.25 Eggplant—Supplies very light: de- Sore aching joints? Stiff muscles? E A quick twist of the joint. A sudden strain on a muscle. Later, those dull, throbbing pains! That old stiffness and soreness! ? SLOAN’S LINIMENT | is usual at this season. }q0Fer " action on her rate, dozen, 4.75a5.00; 6 | - v mand light, market steady; Florida,}| pepper crates, fancy, 5.0085.2 Squash—Supplies very light; demand light, market steady; Florida, pepper crates, white, wrapped, large size, 3.50. Tomatoes—Supplies ~light; demand light, market firm; Repacked, unknown origin, threes, ripes, wrapped, fancy count, 5.50a6.00; choice count, 4.508 5.00; fours, ripes, wrapped, fancy count, +.7585.00; choice count, 4.0024.25. Spinach—sSupplies liberal; demand light, market steady; Texas, bushel baskets, savoy type, 1.25a1.50; few best, 1.6 | " Caulifiower—Supplies_light; demand | tight, market steady; California, pony crates, fair quality and_condition, 2.00 22.25; few best high as 2.75. Peppers—Supplies light; demand light, | market firm; Florida, pepper crates, fancy, 7.00a7.50; few high as 8.00. 1 Peas—Supplies light; demand light, market steady; Mexico, 45-pound crates, mostly _5.00; California, 40-pound crates, 4.504.75. Cartots—Supplies ~ light; demand light, market steady; California and Texas, Western lettuce crates, bunched, 3.00a3.25. Beets—Supplies light; demand light, | market steady; Texas, Western lettuce | crates, bunched, few sales, 3.50a3.75. Strawberries—Supplies light; demand moderate, market about steady; Florida, | pony refrigerators, Missionarys, 45a50 per quart; 32-quart crates various varieties, freight, mostly Missionarys, 40 ad5 per quart; express, 35 per quart. Oranges—Supplies liberal; [light, market steady; Florida, boxes, | No. 1. ‘medium size, 425a475; No. 2. medium size, 4.00a4.50; large size, 25 a75, discount. Grapefruit—Supplies_moderate; de- mand light, market steady; Florida, | boxes, No. 1, medium size, 4.5025.00; No. | 2, medium size, 4.00a4.50, \GERMAN BANK RATE CUT TO AID TRADE | BY CHARLES F. SPEARE. | Spectal Dispatch to The Star. NEW YORK, January 14.7vnr-vor.| | able trade conditions in Germany have | brought & reduction in the Bank of | Germany rediscount rate from 7 to 6% per cent, the lowest figure since last April, although it had been expected that no action on this rate would be taken before the end of The Hague Conference. With the exception of Austria, whose bank rate is 715 per cent, Germany and Ttaly have had the highest level of re- discount of any of the prominent Eu- ropean countries. Germany has been ‘while neighboring nations have been follow- ing the steady rate decline since last November of the Bank of England. This unwillingness to make a change has been part political and part eco- nomic. Meantime, capital has been ac- cumulating as the demands for trade and for speculation have been decreas- ing, and therefore it was felt impera- tive to reduce the rate rather than maintain it at an artificially high point. The reduction in Germany may bring about one in Italy, where industrial con- ditions are not satisfactory and the country is suffering from a long period of high money rates. It may also in- cline the Bank of England governors next Thursday to take the action which they were expected to have announced last week and bring their rate down from 5 per cent to 4!, per cent. A phase of the German rate reduc- tion_that is of interest in this country is that of its effect on stimulating a greater number of public loans. These have been held back, owing to the over- borrowing by states and municipalities in the last two years, which brought about serious financial consequences and played a part in the acute credit situation which faced the government at the end of 1929. Germany's finan- clal advisers have been trying to curb excessive emissions of city and provin- cial loans. With the official rate re- duced and open market rates in Ger- many relatively easy to those of three months ago the demand for a resump- tion of borrowing is probable. POTATO MARKET. CHICAGO, January 14 () (United States Department of Agriculture).— Potatoes—Receipts, 114 cars; on track, 243; total United States shipments, 724 cars; trading fairly good, market firm; ‘Wisconsin sacked round whites, 2.45a 2.60; Michigan sacked round white, 2;382.55; Idaho sacked russets, 3.10 23.30. T enYourCough | Il Hangs On, Mix [l This at Home | | The best cough remedy_ that ould buy, can easily be t home. It saves money and gives you the most reliable, quick-acting medicine you ever used. The way it takes hold of stubborn coughs and chest colds, iving immediate relief, is aston- nhAmx.d ny druggist can supply you with 214 ounces of Pinex. Pour this into a pint bottle, and fill up with plain ranulated sugar syrup or strained oney. It's no trouble at all to mix, and when you once use it, you will' never be ‘without it. Keeps perfectly and tastes good—children really like i Tt is surpr loosens the soothes an: g how quickly this germ-laden phlcgm, and heals the inflamed membranes. At the same time, part, of the medicine is absorbed into the blood, where it acts directly on the bronchial tubes, and helps the sys- tem throw off the trouble. Even those severe coughs which follow cold epidemics, are promptly ended. | Pinex is a highly concentrated compound of genuine Norway Pine, containing the active agent of creo- sote, in a refined, palatable form, Nothing known in medicine is more helpful in cases of severe coughs, chest colds and bron- chial troubles. Do not accept a substitnte for Pinex. It is guaranteed o, 7752 to give prompt rellef or £ money refunded. Y2 for Coughs, | Don't put up with pain from muscles and joints. Sloan’s Liniment eases them quickly: Warms the body like sunshine. Drives away pain. Used in 13 million homes. Get a fresh bottle today, 35¢: Washington Ticker BY CLINTON COFFIN, Associated Press Financial Editor. In spite of the fact that most of the measures proposed last year for cur- tailing American npetroleum output failed to attain specific and general acceptance, people who watch the in- dustry closely are now convinced that it has made very substantial progress toward fitting the supply of that com- modity more closely to current demand than it has been fitted for several years. Though this country’s petroleum output is ranging around 2,600,000 barrels a day, a total that by any former stand- ards would have spelied overproduc- tion, it appears that domestic consump- tion’ and export requirements are now just about taking the outturn. ~Little, if any, crude petroleum is now going into storage. “It seems to have been the intangible results of the demand raised last year for conservation of the country's petro- leum resources that has resulted in matching supply against current con- sumptive needs rather than any tangl-| ble action on the part of the industry.” remarked Dr. George Otis Smith, chief | of the Geological Survey, who has acted for the Government during the long series of 1920 petroleum conferences. were close to the situation in the in- dustry that except for the efforts which were made, the figures of petroleum run from wells would have gone much high- er than they now are, and that the result would have been serious eco- nomic waste. “As it is, expanding demand for petroleum products is about being met, and the bigger units in the industry are operating generally without increasing demand t"n is the impression of most of us who | the quantities of crude in storage above ground. Prices have not been disturbed. The best producers look to make their profits out of savings that will become realizable in the abandonment of the policy of tank storage of crude. A presi- dent of one of the big producing units told me recently that there was poten- tially $2,000,000 a year to be added to the dividend paying abilities of his com- pany if it could entirely depart from the practice of storing crude, and oper- ate with all its oil moving in substan- tially an unbroken flow from wells through refineries into distribution. That is where the industry hopes to make its savings under modern condi- tions, and it is almost surprising to e counter the zeal with which executiv of the greater producing units are push- ing the program.” Meantime, the industry, particularly on the Pacific Coast, is having some difficulties with the Department of Jus- tice, which is investigating price-fixing charges. K. R. Kingsbury, president of the Standard Oil of California, com- plained recently that the practices which the Justice agents were questioning had been embarked upon by oil companies only after the recent approval by the Federal Trade Commission of a code of ethics for the whole industry. The com- mission’s sanction for some degree of co-operation in petroleum marketing re- sulted from a trade-practice agreement of the type that has been effected in a numerous group of other industries, and the Department of Justice procedure following it has given something of a shock to oll operators, who assert that one branch of the Government is prose- cuting them for action another branch has approved. “I 'haven't followed the facts as| to the oll agreement,” William E. Humphrey, Federal Trade commis- sion, particularly interested in the trade agreement policy, commented. “nor as to the procedure which the De- | partment of Justice has instituted. But | I can say one thing: The Trade Com- | mission hasn't at any time undertaken to let any industry violate anti-trust| laws or any other laws. It would be | without power to do so. The trade prac- tice agreements it has negotiated have been intended to define what is lawful, and it 15 conceivable that certain busi- | AVOID THAT FUTURE SHADOW* By refraining from over- indulgence, if you would maintain the modern figure of fashion | of the farmers,” and a long investiga- ness concerns have exceeded the limits laid down by the agreements, though that may not be true of the ofl in- dustry.” Treasury recelpts from internal reve- nue sources for the first 10 days of January have reached a total of $16,- 603,000, or about 15 per cent more than collections for the same period of last | year. This is one indicator of national business conditions which has a good | deal of validity, since the'imposts are | collected in largest part from tobacco sales and amusement admissions. The figures are thus very good evidence that semi-luxury _expenditures of the gen- eral population of the country are not being curtailed, and indeed, are being expanded. . . A negative fact about the present session of Congress which is being noted with satisfaction in business and financial circles is the complete ab- sence of radical or even moderate pro- posals to tinker with national banking, credit, or speculative mechanisms as they now exist. Merle Thorpe, editor of Nation's Business, has found reason to comment at considerable length on the showing, and there is general | agreement that failure to rush forward political projects for coping with eco- nomic disasters like the stock market panic of last Fall is both an index to the advance of public education and a tribute to existing organization. After the 1921 business crisis the Federal Reserve system was put on trial for allegedly infamous “deflation tion ensued, though legislation was staved off. After 1907 a series of pro- posals for new financial legislation were advanced, though the recognition of need for improving national bank- ing and monetary machinery eventually resulted in the creation of the Federal Reserve system. The long free silver controversy was the aftermath of 1893. But 1929-30 difficulties originating in the collapse of Stock Exchange values Fashion revels in the soft, enchanting curves of the modern figure. Don’t sacrifice that graceful contour by per- mitting your eyes to be bigger than your stomach. Be moderate—be moderate in all things, even in smoking. Eat healthfully but not immoderately. When tempted to treat yourself too well, when your eyes are bigger than your stomach, light a Lucky instead. Coming events cast their shadows before. Avoid that future shadow by avoiding over-indulgence if you would maintain the modern, allur- ingly-rounded figure. Lucky Strike, the finest Cigarette you ever smoked, made of the finest to- bacco—The Cream of the Crop—"IT’S TOASTED.” Everyone knows that heat purifies and so “TOASTING” not only removes impurities but adds to the flavor and improves the taste. “It’s toasted” L] *Be Moderate! . . . Don’t jeopardize the modern form by drastic diets, harmful reducing girdles, fake reducing tablets or other quack “anti-fat” remedies condemned by the Medical profession! Millions of dollars each year are wasted on these ridiculous and dangerous nostrums. Be Sensible! Be Moderate! We do not represent that smoking Lucky Strike Cigarettes will bring modern figures or cause the reduction of flesh. We do declare that when tempted to do yourself too well, if you will “Reach for a Lucky” instead, you will thus avoid over-indulgence in things that cause excess weight and, by avoiding over-indulgence, maintain a modern, graceful form. seem to be passing over without any political reaction. A straightout proposal to cut the world production of tin by 25 per cent during the first quarter of 1930=is the first step taken by the recently organ- ized union of that industry, which has its headquarters in London. As 'he United States now takes most of the world’s tin output, the move of the Tin Producers’ Association will be followed with & good deal of interest. The actual resolution on_ which _the ' curtailment | program will be based, as its text is conveyed to the United States Chamber | of Commerce, recommends that all tin | producers “ccase mining operations for | one week of seven clear days in Jan- ' uary, one week of seven clear da February, and—if deemed necessar: also for one week of seevn clear day in March.” s There does not appear to be as yet | any organized protest against the cur- | tailment coming from American con- | sumers of the type which followed on a similar plan tried as to rubber in 1925 and later years. That may be | due to the admitted excessively low prices to which tin has fallen in recent months. If the curtailment program results ‘in & runaway price advance ough, agitation in this country 3 result. e NEW YORK, January 14 (P).—New securlties offered today it rovince of New Brunswick, Ca; $3,358,000 30-year 5 per cent gnlu"SfQ: entures, due January 15, 1960, and priced at 99.75 and interest, to yield more than 5 per cent. They are being Tis, For] National City Co. SHo oo nuaniie Safeway Stores, Inc., $2,000,000 6 per cent, preferred sfock ‘at $96 a share, 3 g 6. T cent. y e S s Denmark has barred all matches from | the country except the safety. | “Coming events cast their shadows before” Acrrv. fisky little bodies—bub- bling with stored- up energy — heed- less of cold different to smal discomforts seems incredible that they should ever tire—or lose zest for play—of become s prey to any kind of germ. Yet how essily even these same healthy, resilient little bodies are exhausted by & cough! Howquick- Iy they lose weight — their rosy colot leaves them. ‘That is why mothers are so fearful of a cough. For coughing uses up her youngsters' energy more quickly than almost any other bodily exertion. And doctors advise: Check Cowghs At TheStart. Don't Let Them Weaken You. Pertussin brings quick relief because oo it enarely E.#JJ‘T“L'-.’E Pu_-'; quiets Unlike many rem- edies, it containg no dopeor! d ors have prescribed Pertussin more often than an other advertis: NEVER REMEMBER: 't K TOO TIRED! Do ok Kion®s handy atall Te will ;nd andy at all times. It will bri and lylfe relief for the m':s.m member of the family. It will not dis turb digestion ot upset the stomach. Sold by all druggists. #DON'T COUGH YOUR ENERGY AWAY” Pertussin TUNE IN—The Lucky Strike Dance Orchestra, every Saturday night, over a coast-to-coast network of the N. B. C. © 1930, The American Tobaceo Co., Mirs.