Evening Star Newspaper, June 23, 1930, Page 12

A-—12 THE EVENING STAR, WASHINGTON, B, O 1930. BALTIMORE BANKING $100,000,000 Assets Is Believed Goal in Financial Merger Plans. Bpecial Dispatch to The Star. BALTIMORE, June 23.—The local banking line-up is shifting rapidly as & result of the frequent consolidations that have taken place in the last two years. interests evidently have set $100.000,000 assets as their goal, and it is believed in well informed juarters that the movement toward concentration of banking assets is not vet ended The Merchants-National-Citizens Na- tional merger of nearly two years ago, ball rolling in an important way. This ‘was soon followed by several consolida- tions put _through by Baltimore Trust, bank after another and will become a Several of the leading banking | step by authorities in their efforts to arrest price recession and stimulate business. Call money continued in abundance at 215, per cent. Thirty to |90 day time money was reduced to 2 per cent, the lowest since 1924. Com- mercial paper, prime, names, were cut to 3!z per cent. Brokers' loans de- creased $211,000,000 to a total of $3,- 787,000,000, some $487,000,000 below the year's peak of April 30. Of the week's decline $115,000,000 represented with- drawals of loans for the account of jothers, while leans for out-of-town banks were reduced by $147,000,000. New York bank loans rose $51,000.000. Since October 9, 1929, when the high point was reached, “other,” or corpo- | ration loans, have been reduced by $2,- | 910.000.000. ‘The weekly reports of trade and in- dustrial activity indicated some further | tapering off has taken place. Steel in- | got production was reduced about 3 per cent to an average of 68 per cent for | the industry as a whole. A year ago at | this time operations were at about 96 | per cent of capacity, while in the 1929 of this expansion is offset by a sharp decline in demand from automobile manufacturers. Prices remain weak. type amphibian plane shortly. H Tong stand Ratiroad reported to' have dropped about 500 employes in ! past few days. | Minneapolis, St. Paul and South Ste. | Marie Railway (including Wisconsin Central) may deficit $297.912, against | | surplus $380,395: five months' deficit | $1.419,886, against deficit $202.246. |~ Waltham Watch vacation shut down | extended to five and one-half weeks. In | previous years period was about two | | andeone-half wecks. |, Westinghouse Electric and Manufac- turing cubsidiary with group Spanish | | financiers to form new company to | manufacture electric generators, motors, | | transformers, etc., in_Spain. ! | Central’ Coal & Coke omits $1.25 | preferred dividend due at this time. Curtis-Wright Corporation received | order for 272 Cyclone engines, value | about_$2,000,000. | J. C. Penney announces general price | | reduction on staple merchandise; some | | cuts approximate 30 per cent. | i ST H | | Special Dispaten to The Btar. | PARIS, June 23.—Advices from the! MONDAY, JUNE 23, A New Complete FOOD STORE Opens Saturday COLONIAL BEACH Tesulting in the formation of the First | period rate was 73 per cent. MEAT PRICES CONTINUE 3 5S¢ ScotTlssue week The Finest National Bank, with 2 | | o 2 ground 478006000 waried e et | contiu i sond vonime b the ences | HIGH IN FRENCH CAPITAL W— n— h g g ey e This store will serve our patrons with the same fine ScotTissue........3 ™" 28¢ Re Umberto A Cake Special That Is a Dandy— LOOSE-WILES Brown Edge Wafers that are exceptionally fine served alone or with bever- resulting finally in the city's first $100,- & and . o ages of any description. 000,000 bank. Later Alexander Brown Freight Loadings. United Btates that the "“"”““;‘“3 quality foods that we offer Waldorf-Tissue 3 rous 17 c olwe Oll i gflflflg ::flm’m WB"“E flfél"e in the | Rajlroad freight car loadings for the | POVeT "'forth; i::!ax;txs i::::;lng:n:;: in our city stores. Offering Gum 6ie &% Specu:lly nsolidation movement and are now | week ended June 7 were below those of | Cause exity uality meats, fresh fruits > Price: g into existence the $45,000,000 i housewives. Never was meat dearer in q y ) 5 ' Maryland Trust Co. " The Union Trust e R L R Paris than it is foday, with prime roact and vegetables and fancy w10 Buy Your Neesc:s at Our Nearest | | Half c This Week c ‘0. ‘meanwhile has been aggressively | gvar oy o o ef at & pound. . . \ increasing its size by taking in one | o moiey” e 14 et miog bone9ed | P Simultaneously the index fgure of and staple groceries. o 1UC skt Pint Per Pound $75.000,000 institution on absorption of the Farmers and Merchants National Bank. In addition, reports are current in financial circles tha the Chase Na- tional of New York has been seeking 1o enter the local field and is negotiat- ing to take over one or two of the| larger banks, formed by recent mergers. 2571500 barrels daily. This total is (Copyright, 1930.) Tell In e same. week 1ast year. Gasoline| Mexico sent more than $27.500000 ‘ anne a mon Ti c NEW — in the same weel ast year. asoline exico se more an 4,500, 1 e g Cfirenneni representing 95.8 per | worth of goods to the United States in ns is today's summary of important cor- poration news, prepared by Standard Statistics Co., Inc., New York, for the Association Press. Weekly News Review. 5 - I % . . s Th. No. 214 | fimflx&‘fimfifl'ifl'fififi:&; fi’v“,'l“{i,“&.’im‘é‘r?.‘l ;?,:,.}3,";‘.5";;;‘5 Joas | this very low price most every family cannot only Premium Franks. . A 30c Del Monte Me“)a Peaches tine 45C | ddation and falling prices. Quota- |marked, both in volume and in dura- A " e & " ; u%:: s nstmk Exzch):nge lenm:nou tion, than that of early previous years. afford to serve it but in serving it will effect a saving. Smoked Hams. . . sS4 29¢ Hunt’s Suprem e Pea Chei Nc:i n:',, 45 c e sl R L L B e e Il Smoked Shoulders. .™ 21c¢ . A g el Te r 90-stock index, on stics, a P o 2% T a e o o o sear ane 163 | ah, "t Braniani Bades stands. st CHUM SALMON ** 13c; 2 “=** 25¢ saxToS Maximum Gloria Peaches i 95¢ s below the close of the Drevious | 111 for May. 4 compared with 1150 COFFEE . .1b. 25 z No. 8% Seek. It is mow 114 per cent above the |in April, 1118 in Match and 1373 in LMON “ 15 ..1b. Zoc | ¢ Del Monte Fruit Salad w 39¢ low of 1929, reached on November 13,|May, 1929. Aggregate volume of indus- PINK SA S bl o C i . ! and 24.1 per cent under the high of |trial production for the first five months . H t’ F t s l d No. 214 39 930, attained on April 10. Al groups|of the year was 13.7 per cent smaller NNIN Green Bag Coffee. 29¢ unt's rruit daila tin c comprisiag ne Indes Clossd o Satie: | tien In’the Sorrespanding 1620 period IS FREE RU tin com) - . . k day st new low levels for the vear. The | OF the major components, only iron ALWAY S ALASKA Red SALMON .." 29c § Sanico Coffee. . . . ..™ 39c Del Monte Peeled Apricots ™:.2* 32¢ utilities lost 27.5 points during the week, | production continues to expand, s a re- P RESIC PAEKAGR Wilkins Cof m. 35 p tin verage. Industrials fell 16. nk ‘m : o £ lt'i'l?s”fim;sn-%%ve the g:w“o;: last construction t::leds ina ‘ixle’é“"«‘if“f':‘ 1S ONLY i St d d unt's reeie pricots tin C -, while t ne ties. outp - . Vo. 314 e ok e 8 DE Tve i g{:lfl! lflhei;ctlvlty in the latter fild and I For ThonQ l:':h?‘ ;);:;;nod theT xvery Finest andar Del Monte Bartlett Pears Ne. 215 9@ c low. ell o per cent. ) th dity markets weakness | th eding month. The decline in | n— T s S e e e T T production was again re- | KINNEY'’S Cotumbia SA]MON . .t 32¢: 59¢ omatoes Del Monte Bafllett Pears ta lsc : st w in ow the s L 0 . 214 S idemtls prices fleciined 17 Der cnb| Loudnstis Tatacnnedsin (hetveryiicric| ! Tins c Hunt’s Bartlett Pears s 20¢ and is 12.1 per cent be]t:i\;"' a ya;ar ng:. ous ‘“{“?&“}‘3‘.‘,4’8 consumption and is| == e — Hamd TR This t values Te- | now a 3 f TR e | m?fi&nrgu%pg cr:?:'slgodin; terme of | Btuminous coal output declined 18| SUMMER ITCHES VANISH |[BS. SAVE by Serving Salmon Often Biue Rigge 2 > "™ 25¢ | § These Are Just a Few of the Many Big Values curtatiment Of bttt of rew materials | Busteis) ouupUt I May 19 per cent| 'when antiseptic Zemo is used! | PREL o i T 1s under way, progress has not been suf- ficlent to relieve the pressure which rti) lues. | December, 1927, at the most reduced : . 3 4l 3TH e Dt ot . | point e November, 1034, it 8. evi- t‘;:‘ a’i;’;f"‘:k‘"‘gu‘r‘;“‘l}.hfl;‘;a"‘;{:““:z - The Sl"'lm‘_' Food l Large Two (2) Pound Jars stocks are found in the case of wheat, | dent that considerable progress is helng | (1° DA% ©F Sunbura. Thousands are Extraordinary - | of Pure Fruit Preserves . . . T g | With prospective demand. A8 Industry | they have itching, peeling toes. = For Sliced Hawaiian mlts or a : | - MbitReaionabliPiised gupply was ‘31,368,000 "bushels Iarger |is stil burdened with sbhormally large |20 years it has been uscd to clear | B ° No. 1 c ‘ SCHIMMEL’ ' uj s of most raw mat 4 - vi i stk i i . | T of cortas ey 865,000 bolcs waove. | Sver, the conclusion 18 that further cur- e Lkl e L g S L mea e Your cholce of Del Monte or Hunt's Supreme. Tins | MEL’S 1929 and domestic and Cuban sugar | tailment must be effected before indus- | /0. (gP 5 B PHCS, i keen it Buy a supply of this excellent Summer food | stocks had increased about 1000000 trial production can be permanently |(nvisDle A SRl e while this price is in effect. | tons. . Other commodities show even | Te-established at former levels, handv. Al druggists. 35c, 60c. $100. Honey Dew or Del Monte rape elly | l-rt:; lncr::‘l.ul-‘ Vgnt is beliege‘g':’rbe The Companies. No. 214 tin, 25¢ i ‘ 4 another ol .c] an imme: e~ o Douglas Aircraft—Unfilled orders May lso P Derses have mat vet fully seflected the | 31, about $5,000.000. To introdce new | FOR SKIN IRRITATIONS No. 2, . b Also Peach Marmalsde B B 2t Bl o] e | 3 olive doa 28 pre Substantial reductions have occurred in i ins e c 5 c ig y cl t whose raw ma- — A o At R M | Dew ™ 1% 2 W 29 Use Palmolive and “Keep That Schoolgirl Jor Valve | ness or where competition is unusually ‘ oney Vew c Complexion.” 3 cakes, 20c. J keen, but present evidence indicates re- H o } v K tail ycioes are subject to further down- i " = Post Toasties. ... .... .2 pkes. 15¢ ward revision. ' Blue Ridge Corn.........%" 10c Y Corn Flakes 2 phes. 15¢ Money Market. \ Blue Ridge Cut Beans. ... .tn 12 : The outstanding event in the money | Silver Brand Pea un 10¢ e onte eas tins Shredded Wheat ....... .7k 10c B e o ey . i for C | Puffed Wheat..........25hen 25 Iate to 213 per cent from 3 per cent | Del.MluCorn.. ....Z“n": 35¢ A big favorite with many of our patrons. Puffed Rice............7Pk 16¢ This is b % charge ior Pederal | Suiico'Comn. ... ..o0i2 35¢ § Stock your pantry at this price. PostBran. . .... IR of the system and indicates a further | Del Monte Corn......2 tns 20 . Kellogg’s Bran Pkg. 12¢ A_lcm “nlsc A tesessnens ke aivng k . Kellogg's Pep. ... e 12¢ $ tin b w el Del MonteSardines Per Post Whcke Bran. .. 126 “Sanico” P “im 19 Tin c Grape Nuts ............Pks 17¢ e LS OO i Large size California sardines in a generous Wheaties ..............Pk 15¢ ] First Prize Margarine. . ... ."™ 25¢.% sise oval tin. 3 Catalina'T tin 20 ; i atalina Tuna. . ... c Nucoa Margarine........." 25¢ Oil Sardines. . . .. i 2t g Jello (5 flavors)......2 pkes 15¢ /' Many motorists think oil is oil, until they get acquainted with Autocrat Motor Oil, then they appreciate the difference. Nothing is more important than thorough lubrication. 'RAT — The oll that s from all others. Beware of Substitutes. Try Autocrat the next time you need oil, and y(u'd‘c ”:’z:' 'lm}i.t‘vmmpfl QUART BAYERSON OIL WORKS AUTOC @ifferent At the Better Dealers COLUMBIA 5228 = &‘:‘:‘;t —— HAY FEVER Here's troUT = 8¢ G 45c 3w A | —and ASTHMA d where us T season. but all symptoms case on rec during the fe have actually been warded off when 1929 period and 6 per cent less than in the 1928 week. Merchandise and . c. 1. and miscellaneous shipments, two excellent indexes of trade and in- dustrial activity, were less by 6.4 per |cent and 12.1 per cent, respectively, |than in 1929 week. Sharpest losses were shown by coke, ore and forest products Oil statistics were largely favorable. Domestic crude output in the week of June 14 was reduced 16,550 barrels to cent of the country’s capacity declined 415,000 barrels to 52,842,000, but gas and barrels to 139,221,000. Production data now at hand show lower than a year ago, and, with the two exceptions of December, 1929, and The fuel ofl stocks were expanded 832,000 | FISHING! know how to give a man a man's | the cost of living is set at 565 for the first quarter of the year. unchanged from the last quarter of 1929. The in- | dex is the highest since the war, based |on a comparison with 1914 (index fig- ure 100). The situation is the same! in_the principal provincial cities. | Political observers believe the cost of living will play a great part in the legislative elections two years hence | and they look.for a very large increase in the Socialist vote. three months of thi Soothing liquid Zemo brings wonder- ful relief to bites, rashes and prickly trout in these western streams 942220002 0200801808280020288 2082800020800 R000000800ARPARSAARARERRRS Such a Low Price. It’s Been a Long Time Since You Have Been Able to Buy This Good, Substantial Food at There are many ways of serving this fine food: salads, in lieu of meat, sandwiches, etc. . . . and at Ford’s Preserves.......2 ™ 49 “Sanico” Jelly........2 Jars 25¢ Lard, 2= 27¢ That OLD-TIME FLAVOR! Have You Tried This Cooling, Re- freshing Drink? ... Remember, It Has Country Club SPECIAL BREW Welch’s Grape Jelly Pure fruit jelly—a real quality product—made by the makers of Welch’s Grape Juice. Quality Tells Its Own Story! Sealect Evaporated Milk Rich and Creamy 3 small tins, 13¢ EEA s R b Puritan Bacon. . ...™ 37¢ 2 America’s Finest Quality Butter Priced Within the Means of Most Every One. LAND O’LAKES SWEET CREAM BUTTER rton prints 40c | ......... sl 50 ARSI G Clicquot Club. . . ., .2 botties 29¢ Sc Drinks. ..... 6 contents 25¢ remember the prices weeks ago— 25¢ Reasonable Quality Canned Fruits at Prices No Home Maker Can Afford to Overlook. Canned Fruits Check the following items carefully and then A Full 24-Ounce Bottle of Good Gin- ger Ale, Pale or Golden, at an Extremely Rock Creek Tuils sl (ogelables you were paying just a few King Oscar Sardines ' Rl | Fancy Crabmeat. . N | Cheese = 29¢ Price. e 2 [#Gva ) Just a Word About— B e thrill—they're big, strappin’ fel- | White Rock 2 bottles 350 P a0 Gthe lows—hard hitting and hard fight- ? SlGy . . bottle ] Q¢ ] e — Eat More Beef! .- .- GeorgiaPeaches western tussle, Beef prices are now lower than they have { Carpenter’s Figs........tn 10c . + " —— = e R | i e SGariSiann, ... GroberEs This year, as in the past, we have waited for UNDERWOOD GEORGIA FREESTONE PEACHES. From now on you will find our stores daily supplied { | with these high grade delicious peaches. Varie- { | ties will arrive in the following order: Hileys, Georgia Belles and Elbertas. Do not deny yourself the goodness of this fine fruit. P. & G. Soap.......4 ekes ]5¢ North Coast Limited, there are pictur- esque, hospitable Dude Ranches at which to rest. Choose this glorious Montana, Wyoming and Idaho moun- tain country of the Pacific Northwest for your summer vacation. VIIED HAM Prime Rib Roast........."™ 35¢ Tender Chuck Roast......"™ 2.Cornered Roast ........" 30c Bouillon Roast..........."™ 33¢c Other Fruits and Vegetables Mississippi Tomatoes .lf yo;:ri" write o:r o.fii:lc,.w: will Boilillg Beef. G .“- lzic Georgia b Ry 567 ity Sl 'L::Z"hd' °‘I‘,‘P’;fi‘ ’.PL“"“‘D!J‘": Hamburg Steak. 0.0 250 orl';'.': = 30C Frle):'::l:.:.. e ‘fo: c o Beef Liver .............." 28¢ 41bs. or more : ‘0181-0182 Or, if you prefer ™ 43c Round Steak (top) ...... 3 teter 90 “ ” . B 1, per B, NORTH COAST f" Round Steak (bottom) . .. ."™ 4lc & hi_;-.:h' - BI.NG .Chemes. ’f 15¢ 25¢ LIMITED O Sirloin Steak ............™ 43c Cucambers ... 5¢ | § California Plums & Apricots. . .2 ™ 25¢ "fi Porterhouse Steak........™ 49¢c Squash . T ids gae | § Lima Beans in the Pod. ......2 ™ 29¢ NEWEST OF TRANSCONTINENTALS : Lettuce .