Evening Star Newspaper, April 7, 1930, Page 12

X—12 CHAIN STORE SALES DECINE N MARCH Lateness of Easter Business Given as Cause for Setback. Bpeclal Dispatch to The Star. NEW YORK, April 7.—The first 23 chain store companies to report their results for March show aggregate sales for the month of $110,898,400, compared with $121,625,847 in March, 1929, a decrease of 9.67 per cent. The decrease in sales for March is attributable principally to the fact that in 1929 Easter business was in March, while this year it will be reflected in April sales. Apart from this, sales were affected by considerable bad weather in ‘Western States. It is interesting to point out, however, that the majority of the decreases were in the variety and mail order groups, companies in the grocery group reporting increases. Sales for these companies for the three months totaled $313,688,056, com- pared with $313,079,246 in the cor- responding period of 1929, an increase : of 0.19 per cent. March - s 1930. 1929. ears. Roebuc! s. Mar. 26) .. . $25.174.441 $28.256.770 . “WOoolWort) 22.482:271 24.524.962 Montgomery Wi 22 Kresge W. T. Grant . McCrory Stores National Bellas Hess. s M Sehul Lerner Stores F. & W. Grand David Pender . ison Bros .. National Ehirt Shops. Morison ~ Electrical Supply Py ... 201,689 M. H. Fishman. 104,716 $110,8¢ 400 Three Months. 140.301 91,473 121,625,847 1929. . Roebuck (Jan. Begrs. Roebuck (Jan. $79.534278 5 Gl,%!fl.!ll 2 to Mar. P & Bickfords, Inc. orison Electrical 88,056 $313,079,246 KILLS WIFE AND SELF FOLLOWING QUARREL Texas 0il Man Wields Revolver in Home, Maid Describing Scene ‘With Two Children Orphaned. By the Associated Press. DALLAS, Tex., April 7.—Augustus Philip Minchen, 49, wealthy independent oil operator, shot his wife to death and then killed himself at the Minchen home here yesterday after a family quarrel. A coroner’s verdict of homi- cide and suicide by Minchen was given. Minchen was manager of the Yates ©Oil Pool Development Syndicate. Ora Robinson, negro maid, told of- ficers the Minchens were quarreling and that Minchen left his wife, entered the bath room and returned a moment later with something in his hands. Sensing trouble, the maid said she took Ada Jean Minchen, 3-year-old daughter of the couple, and went down stairss. Nancy, 18-month-old daughter, was in the room when her mother was killed. Minchen then returned to the bath room and shot himself. ‘The couple had been married four y;‘nrm She was the ofl man's fourth wife. DIES IN FDU.RTH EFFORT Wealthy Denver Jobber Found Bul- let Victim in Hotel. DENVER, April 1 (#).—Joseph Pri- . mock, 57, wealthy Denver jobber yester day was successful in his fourth attempt at suicide. Primock shot himself to death in a hotel room. Police, who had been searching for him since last Tues- day said a quarrel with relatives appar- ently caused the jobber to take his life, Police records show he made three previous attempts to end his life, once at Greeley, Colo.,, by means of ; a second time, when he jumped from a bridge in Chicago and a third time in another city. Motor Cycles Favored. PARIS (#).—While the number of au- tomobiles is steadily growing, there is a strong drift in France toward the motor cycle. Manufacturers explain that the use of 7,000,000 foot bicycles makes Frenchmen familiar with two-wheeled vehicles and turns them naturally to motor bikes when they buy motive power, 'Cambridge Facing Difficulty Finding New Chancellor Bishop of Birmingham ' May Be Successor to Earl of Balfour. By the Assoclated Press. LONDON, April 7.—Cambridge Uni- versity is faced with some difficulty in the matter of choosing a chancellor in succession to the late Earl of Bal- four, who was the holder of the post since 1919. In the older universities the position of chancellor has always fallen to some man of years and one long eminent in the public service. Such a man must be a graduate of the university which honors him by election to the chan- cellorship. At the present time, however, it so happens that most of the elders of the kingdom are Oxonians. Cambridge could hardly elevate an Oxford graduate to its chancellorship with equanimity. ‘The suggestion is now being made tha the selection might be made outside the semi-political fleld and that ecclesias- tics or men of science should be reeols wi as equally eligible with those have served the state. Both the archbi , however, are Oxford men. Caml is now in- clined to look with favor the Right Rev. E. W. of Birmingham, who combines renown churchman. The bishop was educated at Trinity College, Cambridge, and was bracketed second wrangler in 1896. He won honors in mathematics and has to his credit an imposing array of phil- . osophical and scientific works. The selection of Bishop Barnes might meet some opposition, since he is a man of most pronounced views and has | often been the storm center of ecclesi- controversy, BY GEORGE T. HUGHES. Senior to its common stock Sinclair 01 has almost $88,000,000 of funded debt, a contingent liability on $42,000,~ 000 in other bonds and over $16,000,000 in preferred stock. Before considering the status of the junior shares analysis must concern itself with the s:curities that precede them. There are three bonds, direct obliga- tions of the corporation, a 7 per cent issue due in 1937 outstanding to the amount of about $44,000,000 callable at 105 and selling only slightly under that price, a 612 per cent issue due in 1938 outstanding to the amount of $22,460,~ 000 callable at 105 and selling somewhat under that price and a 6 per cent issue due September 1 next outstanding the amount of about $18,500,000 and selling around par. In 1928 interest charges were earned 2.85 times and it is belleved that the 1929 showing was much better th: that. On this basis the margin of safety is ample and the bonds give a high re- turn although because of the limitations of the call price they do not have much speculative attraction. Sinclair Oil preferred is an 8 per cent issus redeemable at 110, around which price it sells in the open market. Here, too, there is little opportunity for price appreciation, but there is a high yield. It is improbable that the preferred will be called, but the fact that it is subject to call holds it down in market price. ‘The common is, of course, a speculation, th> future of which is bound up with that of the oll industry.. At this writing the 1929 earnings statement is not avail- able, but it is unofficially estimated that net for the common stock will be around $2.75 a share, which compares with actual earnings for 1928 of $2.21 a share, The present dividend rate is $2 an- nually, which is a generous distribution for a company with these earnings. The market price takes all that into ac- count, however. BANK CLEARINGS. NEW YORK, April 7 (Special): New York clearings, today, $599,000, 000; a year ago, $593,000,000. New York bank balances, today, $135,~ 00 3.949 5.066 | 000,000; a year ago, $131,000,000. New Vork Federal Reserve credit bal- ances, today $133,000,000; a year ago, $108,000,000. has been added to we offer. out a single flaw. afford it. so many of them ~ vestor.” T may be the Spring in the air that brought the sweet look to her eyes. again: something, for instance, like his trim, har- monious new Knox “Fifth Avenue,” crowning a good- looking outfit, and saying, with something of a ges- ture, "Goc;d-moming, Spring, 19301” color hits—pewter grey, tamarack brown and vellum tan, Women’s Knox Hats, $10 and $12.50 NEW REGULATIONS FOR RADIO “HAMS” Stations Barred From Ships, Automobiles, Airplanes and Mobile Craft. BY MARTIN CODELL. Amateur radio stations aboard ships, automobiles, airplanes or other mobile to | craft are barred “for the nt” under the Federal new regulations ordered H;?’}o ‘Commissi effective immedi- ately. Amateur stations also may not be ltn:lud on premises controlled by an alien. ‘These, among other regulations, were promulgated in order to eliminate ama- teur interference with other services as well as among amateur stations them- selves. The revised regulations were drawn up with the advice and full co- operation of ine American Radio Relay League, official organization of this country’s 17,000 or more “hams.” Besides requiring certain technical changes in equipment, primarily one making adequately filtered direct cur- rent power supply mandatory, the new regulations limit the amateurs to com- munication only with similar stations in the seven narrow bands of code fre- quencies, and the three telephone bands reserved to them by international treaty. Emergency Provisions. However, their services in émergencies and for contact with expeditions are preserved under -a provision whereby they may communicate with commercial or Government stations or with mobile craft and expeditions under special cir- cumstances. The value of amateur radio for communication in times of flood, hurricanes, earthquakes and other lon, THE EVENING STAR, WASHINGTOX, B o — D. C, MONDAY, ent rating of 10,000 watts to 50,000. In addi he is for full time for KWKH, Bhreveport, h Ly now shares the 850-kilocycle cleared channel on an time division a ent with Loyola University tion, at New Orleans. With 10,02, watts, KWKH shoots its Emfum. all through the Mississippt Sy e on xytdln transmission muffm xl;:n- the Henderson Seeks More Power. ‘Willlam K. “Hello World” Henderson has filed an application to the Federal Radio Commission for authority to boost his station’s power from its pres- APRIL 7, 1930. m:‘t:h “L‘hn;tm. that the station watts, g it would “be mm” over uu'mm,h American continent with more or less consistency. The , however, has been considering curtailment rather than in- S Aitigh ety such ly such an 8 - tion would be heard within plp!e' months, it is believed unlikely that the commission will hold a hearing on it ‘With 50,000 "Quaker Maid—Oven Baked BERNS . .. .2%15% Encore—Prepared SPAGHETTI..2 15% -oz. 15¢ cans Libby’s Rosedale APPLE BUTTER 3 - 25¢ | Alaskan disasters has too often been proved to limit them too severely on that score. Another provision of the regulations prohibits amateur stations from broad- casting news, music, lectures, sermons Now—Another Link now 61 years in which perfect security has been given by the First Mortgage Notes The principle on which this Company was founded in April, 1868— “Prompt and Unfailing Payments to Every Investor”—has stood the test of time with- No chain—of iron or of finance—is stronger than its weakest link. If in the course of years the chain of investsments on which your financial security depends develops flaws and weaknesses you may find your- self facing disaster—when you can least Wise investors for just that reason make a security of proven safety the mainstay of their financial structure, Mortgage Notes sold through Swart~ zell, Rheem & Hensey Company. these notes is this record: “61 Years Without a Loss to Any In- SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. / WASHINGTON D.C. / or any form of entertainment to the general public. Nor may they trans- mit messages for hire or engage in com- our chain—there are That is why choose the 6% First Back of It may be something else In the new KNOX HATS $8.50 to $20 RALEIGH HABERDASHER 1310 F Street PINK SALMON 2 . 29¢ Effective Tuesday Morning NCORE BRAND THE A. & P. GYPSIES { THE WONDERFUL ST "N e | s ~ BROADCAST TONIGHT | OF CANNED BT . — Macaroni | |wrmefziese.d wmwnrsew | | SUGAR | and Spaghetti Campbell’s Beans . ... ... ..........3%== )5 / Al / 3w 10c¢ Campbell’s Tomato Soup ............3%" 25¢ | 5 . ba;n 23¢ Ametican Cheese . ™ 20¢ | Yan Camp’s Tomato Soup ..........2%" 15¢ cotton / Tomato Sauce ...3 " 17¢ Heinz Baked &2c for SMOOTH DIETS and INFANT FEEDING Pureed STRAINED Fruits and Vegetables NCW ! Appetizing ;37 deliclous . - . ready-to-serve o s « these Van Camp's Pureed Frults and Vegetables solve the Infant-feeding problem for every mother. Fresh ‘vegetables . . fresher than you usually can buy . . rich In _vitamin values, minerel salts and other food components. When your doctor says SMOOTH DIET, Van Camp's has It ready-to-serve. A wonderful food when dental work Is being done. And for hurried people . . . when Indigestion bothers . . . a wholesome, sustalning, strength- giving diet . . . that's easy to digest. Puréed SPINACH = » PEAS » = TOMATOES PRUNES = = APRICOTS MIXED VEGETABLES with Beef Broth CARROTS with Puréed Tomatoes and Beef Broth White House Evap. Milk3 “" = 25¢ Van Camps Evap. Milk.. ."*" =" 9c Borden’s Evap. Milk ......"" " 10c Sanka Cofiee De-Caffeined Coflee. .l-lb. can 57C Kafiee Hag De-Caffeined Coffee........ 1-Ib. can 590 Shredded Wheat..........2 ™*19c Post Toasties ™ Feke= .2 ™= ]5¢ Wheatena “ioe Weet Ceral | s 22¢ Quaker Oats % i Réssir Qg3 s 25¢ Beans. . All “e s e e e e varieties ol the whale of high power COAL PRODUCTION. is settled. I - s plication !orclm:lhm :rh:in?d. By the Associated Press. A sharp rise in bituminous coal production as compared with output in recent weeks is reported by the latest Mines Bureau estimate. Figures for the output of the last week vPremur Hogan of the Province of | comparable periods ’omw:re Py na el fimmet o MEnPARSY o | p St UEE M 25 00800 o week, 17, A million additional acres. ' week Iast, year, 8,050,000 ton "7 \\W\m\wm N S lodg its present hiy favorable chann (g:g" ight, l.;?) o - ——— 3 ( ESTABLISHED 1859 N “WHERE ECONOMY RULES” //mlll/ll/llll“"lll||||“\\\\\\\\\\\~\\\\ Another New Opening This Week End Our Newest Ultra-Modern Combination Grocery, Meat & Produce Market at 2502 14th St. N.W. 2 2 25¢ ) be 49¢ Del Monte A full size package of the Mal-O-Whip —the fluffy, light marshmallow cream—with each purchase of a one-pound package of Campfire Marshmaliows 1db.pkg. 25¢ IN OUR MEAT MARKETS TENDER, JUICY Lb. 39(: Fancy Top Round .................. . " Fresh Ground Hamburg . o Breast Stewing Lamb o Lamb Shoulder Lamb Roast. . . Auth’s Smoked Sausage . Chops Auth’s Cottage Loaf .. . Fillet of Haddock . . . Lb. 45C | BuckShad....... RoeShad . . .. ROUND STEAK .Ib. 41c Fresh Spinach . . . .x...... .2™ 13¢ ICEBERG WL Crisp Florida g = I: i;c Spring Oniomc.el.z?'. o s [ I‘ettuce it 38::: Fresh Bunch Carrots. . . . . Lt Head IOC e = Tender Green Kale . . . .. o LT Fancy Ripe New Potatoes. . . . .........3™ 20c TOMATOES Idaho Potatoes. . . .........4™ 25¢ Every Egg Candled and Guaranteed Sunsweet Prunes.........." P& 18¢; Royal Quick Set Gelatine...........2 ™ 15¢ Stuffed Olives.......... .7 %t Jc; o= ot 20¢ FhinOlives. .. ....... .2 "= " 5y ¢ 2% Fancy Quality Applesauce...........2 “" 25¢ Cantrell & Cochrane’s C&C Ginger Ale, 2 *** 25¢ My-T-Fine Chocolate Dessert........2 ™= D. & C.Lemon Pie Filler. . ...........2 P Sunnyfield Flour. ......... "™ b= 45; % b Sunnyfield SLICED BACO srkei33e Raisins, seeded or seedless. .” 10c 19¢ 19¢ 89c ' MEAL 5.1b. bag || 10-Ib. bag | 23¢ |39¢ - \\ \ FRESH FRUITS & VEGETABLES BANANAS White Potatoes. ... .....10™ 39¢ Bon Ami Powder............™ Bfi“o Steel Wool and Soap’ s e 2 pkgs. Sultana Furniture Polish . .. 20-Mule Team Borax....." & Star and P&G Soap..... .6 = Palmolive Soap ..........2 « Waldorf Toilet Paper.....3 ™" Scott-Tissue Paper........3 ™" Lux Toilet Soap...........2 “ 12¢ 15¢ 15¢ 15¢ 25¢ 15¢ 17¢ 28¢c 15¢ A AAA A r A r o FANCY, LARGE, RIPE peen 19 Lb. 15¢