Evening Star Newspaper, February 26, 1931, Page 12

ALL OVER TOWN INITED FO0D sTORES for Service PHONE MET. 7544 FISH fll’\d OYSTERS during LEN' Sugar, 10 1bs. 49¢ SPECIAL! UNEEDA BAKERS Old Fashioned GINGER. SNAPS 1b. 1 80 Pkg. 9 e 35¢ OLDEN g GoLDEN| WHETENA+23 ¢ E 7 ?\?;tlfp RALSTON P23 OR SPECIAL! 3 Pound Can 55c¢ ROCK CREEK GINGER ALE Duduweisc WiEY MaLT SRV WEUSen Buscn A Can AUNT JEMIMA Ly.. Botiles PANCAKE 19¢ | Fowr = 27+25¢| 25¢ COOKING APPLES, 4 1bs.25¢ Juicy GRAPEFRUIT, 4 ¢, 25¢ FLA. ORANGES 7 4o:. 23c¢ NEW POTATOES, 411s.25¢ FRESH PEAS in the Pod 2 1bs. 29¢ B U T T E R United Crushed STATE 400 CORN. IOWA Med. 2 Loop 29C =0 30c Can! 3 o 20¢ FANCY LEG LAMB 3 Score UNITED _ A BRAND No. 1 Cans . 29¢ FANCY CHUCK ROAST 1.19¢ FOUNTAIN 3...d HAMS 1. 209¢ Phillips’ oriciNaL Sausage 1. 3 5¢ Phillips’ cexuve Bacon . 37¢ BANQUET %oz TEA v.23¢ PEKOZE COFFEES CHASE & SANBORN....... k. WILKINS Just Wonderful , ... ..... Ib. NEILOW'BAG. .:........... b FLOUR Ceresota GOLD 42c 29¢ BORDENS PET CARNATION “Kitchen MEDAL Tested™ MILK | s = | Ibs. C e ey haon Wi B0L. 2 CRAB BROS. 5c qt. MEAT S 9(°© P&G WHITE STAR SOAP TUNA 23C 10ese37c STAR FISH IMPORTED SOAP PET 6 cakes 25¢ OXYDOL SARDINES ICOC Pkg. 23c Handy Mandy Self Wringing | | | | Tall Cans Gortons Ready to Fry Codfish cn 14c KC)’StnnC Mlcarnni Spaghetti Noodle! 3 Pker-20c $1.00 VALUE sl T D 49c THE EVENING S AUTO SALESDRIVE 5 DUE NEXT WEEK Chevrolet Company Plans Sharp Campaign—Chrysler | Optimistic on Outlook. | BY JAMES E. DONELLIN. : Special Dispatch to The Star. | DETROIT, February 26.— The most energetic move made by an automobile | manufacturer so far this year to bring volume up to normal levels will get under way next week, when the Chevro- let Motor Co. embarks cn a sales pxn~! motion activity said to be the most cx- | tensive ever put on by a national man- { ufacturer. | More than 40,000 people in the Che: | rolet. domestic retail organization will | ibe summoned to the 52 zone head-| quarters in as many key cities to ar- tend meetings staged by factory of- ficials for the improvement of retail | sales procedure. Nine groups of factory | officials, each group comprised of eight men, will stage the meetings from March | 2 tp March 19. | Qalter P, Ghrysler views the long- range outlook of the automctive in- dustry optimistically. In his report on | 1930 operations the chairman of the Chrysler Corporation points out that in spite of the fact that the automobile industry has experienced the mcst severe and prolonged decline in fits career, and that the number of auto- mobiles in use increased but slightly | in 1930, the consumption of gasoline in- creased materially. This proves, Mr. Chrysler says, that | automobiles in use are being employed more intensively and that the motor car has become so_indispensable as a factor in the life of the whole popula- tion that it is as certain as anything can be that as soon as general business conditions improve there will be a re- sumption of motor car purchases on a large scale. Mr. Chrysler adds that plans of Fed- eral, State and municipal governments | for increased construction expenditures, as well as the large improvement pro- grams of the great corporations, will probably make this felt within the near future. This, with the increased pur- chasing power which will result, undoubtedly be reflected in in purchases of motor cars. Meanwhile, sales department execu- tives of automobile companles here fear that the action of the Canadian gov- ernment on the motor car tariff will choke off a large export trade. The rul- ing of the Bennett government is that cars will not be permitted to be entered for duty at a lower price than 20 per cent off list. Heretofore a discount of 30 per cent has been allowed. (Copyright, 1931.) CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. will ased NEW YORK, February 26.—The fol- lowing is A summary of imporiant cor- poration news prepared by the Standard Statistics Co., Inc, New York, for the Associated Press, News Trend. The increase of 16,197 units in Jan- uary automotive production as reported to the Census Bureau from 144 manu- ! facturers does not represent an unusual | gain for that particular period. | proving steel mill activity has indicated Im- to some extent an increase of such | moderate proportions. Although the total output of 171,903 units was an | i advance of 10.3 per cent over Decem- ber, it was short by 37.6 per cent or 64,242 units of the combined produc- tion in the gprresponding month of 1930, | The basis for better sentiment in the cotton trade is provided in last week sales reports from a number of active mills and one of the larger New York commission houses. A current trade re- view reports that orders for same lines | have exce:ded those for any similar period in several years, and that the stock and order position of many mills is currently stronger than at any other time since the Spring of 1927. The Companies. American Arch, 1930 common share earnings, $3.10 vs. $3.86. | American Safety Razor, 1930 com- mon share earnings, $7.51 vs. $7.72. Ann Arbor Rallroad, January deficit ‘lfler charges, $43,217 vs, deficit $15,- | 749. Atlantic, Gulf & West Indies Stcam- ship Lines, December net loss, $156,162 V. net. income, $20,143. Bethlehem Steel, hearing on appea’ of Youngstown Sheet, Tube & Steel Co. from injunction against merger tentatively set for March 19. | British Columbia, Power, Ltd., Jan- | uary net earnings up 30 per cent; seven months up 13 per cent. Charis Corp., 1930 earnings, $5.63 vs. $5.28. | Consolidated Gas Co. of New York, | 1930 power sales of affiliated companies | up 7 per cent; affiliated gas sales off | 0.9 per cent; steam scld by New York Steam, subsidary, up 16.2 per cent De Forest Radio granted review by United States Supreme Court of suit against company by General Eiectric | alleging infringement, of Langmuir | patent, Delaware, Lackawanna & Western | Coal, postpones action on quarter] dividend; paid $2 December 15 Erie Raliroad, January deficit after charges for system, $76,024 vs. deficit $73,345. Ford Motor, rumcred that improved model will be introduced in March. Reported French subsidiary had net profit of 40.000.000 francs in 1930, against 34,500,000 Fox PFilm Corporation, bankers r ported studying plan for refunding $55.000,000 one-year notes due April 1 Gleaner Combined Harvester, cperi tions to be resumed next week Goodrich (B. F.) output, February 14, about 18,000 casings daily; opera- tions approximately 60 per cent of capacity. Grigsby-Grunow & Majestic House- hold Utllitles, stockholders to vote on finencing and consolidation plan. Hupp Motor Car, cost of free-wheel- ing, written off in 1930 Industrial Rayon sued patent infringement by Tubize-Chatil- lon Corporation. Interborough Rapid Transit January deficit, after Manhattan Railway 5 per cent, rent, $348,972 vs. deficit $210,329; ' BEWARE THE common share | COLDS THAT HANG ON Coughs from colds may sead to se- zious trouble. You can stop them mow with Creomulsion, an emulsified creosote tha pleasant to take. Creomulsion is a medical discovery with two-fold action; it soothes and heals the inflamed membranes and in- hibits germ growth. Of all known drugs creosote is rec- ognized by high medical authoritics as one of the greatest healing agencies for coughs from colds and bronchial irritations. Creomulsion contains, in dition 1o creosote, other healing CREO | 4.5025.00; | baskets, 1.00a2.00; box stock, 2.00a3.00; | dealer's discounts in Maryland 1 cent | new year was able to show a net profit for alleged | § 'AR. WASHINGTO D. C, THURSDAY. FEBRUARY 26, ' 193Y. [INDUSTRIAL ACTIVITY GAIN NOTED IN U. S. RESERVE REPORT Washington Produce Butter—One-pound prints, 33%a34; tub, 32a3. Eggs—Hennery, 18; current receipts, 17 Poultry. old, 25a37; Winter chicken: broilers, 38a40; hens, heavy, 21; Leghorns, 16; roosters, 15; ducks, 15 keats, large and young, 60a65: old, 25t 30. Dressed—Turkeys, young, 38240 old, 30a32; Winter chickens, 38a40: Spring broilers, 45; hens, heavy, 24a25: mall, 22a2: large, ' 37a38 alive—Turkeys, young, 30a32 32 s ® 18a21 17a19; fresh hams, 17'2; fresh shoulders, 12'i; smoked nams, 21a23; smoked shoulders, 1215 strip bacon, 19; lard, in packages, 10 in bulk, 9 Live ‘stock—Hogs, medium and light, 7.25a7.4 7.00a7.75: loughs, 3.5085.00; 5.00a9.00; lambs, 7.008.50. Fruits—Strawberries, 40a55; honey- dews, Chile, 3.00a3.50; oranges, Florida, 3.50a4.00; California, 3.50a4.00; lemons, tangerines, 2.00; grapes. kegs, 550; apples, bushel heavy, 6.50a7.00; | pigs, calves, Emperors pears, box stock, 3.50a3.75: cranberries, 25-pound box, 3.50; pineapples, 4.00a 00: limes, per 100, 2.00; grapes, Bel- gium, hot house, per pound, 1.25; grape- ruit, 3.0023.50; rhubarb, 5-pound boxes, 902100 Vegetables—Potatoes, new, 100-pound sacks, 2.15a2.50; new, crates, 3.00; Idaho bakers, 100-pound sacks, 2.75: spinach, 1.00; Kale, 1.25; carrots, per crate, 3.00; abbage, new, per 1.25; turnips; 1.00a 1.25; pars 0 containers, 1.50a3.50 tomatoes, ' 3-pan cauliflower, 2.00; broccoli, per basket, 1.75: per crate, 3.00; mushrooms, 75a1.00; asparagus, per ‘dozen bunches, 9.00: lima beans, 9.00; peas, 4.50; cucumbers, Cuba, per crate, 6.00; eggplant, 4.50; string beans, 6.00. bee! hamper, 1 seven months _deficit, deficit $1.139.509. Kleinert (I. B.) Rubber fails to de- clare common dividend originally paid in March; paid 25 cents December 1. Lehigh Coal & Navigation — Market value of National Power & Light stock holdings valued over $28,000,000. Leland Electric 1930 common share earnings $1.15 against $2.51. Lorillard (P.), Old Gold income re- ported sufficient to provide advertising costs for that brand. Lukens Steel earned 6 cents common year ended October 25, 1930, $2.11, Mackay Companies—Operations of | telegraph land lines of Postal Tele- graph-Cable in 1930 resulted in net op- erating deficit of $627,027 against oper- ating income $989,681. Memphis Natural Gas January sales ve January, year ago. ewport News Shipbuilding and Dry Dock gets contract from Eastern Steam- ship Lines; involves $7,000,000. Norfolk & Western Rallway to rebuild 500 cars in own shops. Nevada Consolidated Copper 1930 dis- tributions of $1.62; share on common stock considered tax free. i Newman Manufacturing 1930 common share earnings $3.73 against $4.14. ©Ohio Edison net after depreciation, taxes and charges, 12 months ended January 31, up 13.4 per cent. Pacific Finance 1930 common share carnings $1.51 against $2.37. Peerless Cement 1930 common share earnings 19 cents against $1.46. Pittsburgh & West Virginia Railroad surplus after charges, $47,205 $115,435. Corporation 1930 common share carnings, 39 cents against $1.90. Standard Oil of California reduces price of wholesale tank-wagon gasoline 2 cents & gallon to 141; cents. Standard Oil of New Jersey increases $2,169,064 vs. to 3 cents a gallon. Strauss (Nathan), Inc., January sales up 18.7 per cent. Superior Ofl Company, California, 1930 preferred share earnings, $12.36 against $1.14. : Union Manufacturing Co., Connecti- cut. 1930 common share earnings, 56 cents against $4.97. Union Traction Co. of Philadelphia, city's bid cf $150,000,000 for syst-m un- acceptable. United Railways & Electric of Bal- timore, January net income Off 69 per cent. U. & Steel Corporation—Operations in week ended February 23 slightly over per cent, against 52 per cent in preceding week, 53 per cent two weeks to 86 per cent in like 1930 Wabash Railway January deficit after charges $35.681 against deficit $31,841. Western Pacific Railroad—Round trip fares of approximately 1 .cent a mile placed in ¢flect Westinghouse Electric & Manufactur- ing—Merchandising division reorganized with headquarters in Mansfield, Ohio. Yellow Truck & Coach Manufactur- ing 1930 bus sales totaled 1,503 units, against 1,303 in 1929. Zonite 'Products January net profits 55 per cent over January, 1930, CHICAGO DAIRY MARKET. CHICAGO, February 26 (#)—But- ter—Receipts, 7,031 tubs; firm, prices unchanged Eggs—Receipts, 15,088 cases; firmer; | extra firsts, 18a18l5: fresh graded firsts, 17a17'%; ordinary firsts, 16a16%. United Railways & Electric Co. BALTIMORE, February 26 (Special). —The United Railways & Electric Co., which controls the trolley system -of Baltimore, in the first month of the of $7,388 after all charges, including interest requirements of $46,667 on its income bonds. SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & Co.) Allis-Chalmers Co. American Tel. & T American Thread Baltimore & Ohio s 19: 1932, K Corp. 83 1947, 932 : 1 1947. Western Electric Co.’ 85 1044 Wheeling Steel Corp. 5728 1948 Wheeling Steel Corp, 4'3s 1953 COUGH FROM 903 elements which soothe and heal the inflamed membranes and stop the ir- ritation, while the creosote goes on 1o the stomach, is absorbed into the blood, attacks the seat of the trouble and checks the growth of the germs. Creomulsion is guaranteed satisfac- tory in the treatment of coughs from colds, bronchitis and minor forms bronchial irritations, and is excellent for building up the system after colds or flu. Money refunded if mot re- lieved after taking according to direc~ tions. Ask your druggist. | modity prices declined further by 2 per ULSION FOR THE COUGHS FROM COLDS THAT HANG ON January Increase IS LCSS Than Usual Sea- e sonal Upturn—Pay Rolls and Money Rates Are,Smchr. Industrial aci ment and Board. Money rates in the open market | declined further from ‘the middle of January to the middle of February. The ‘board's index of industrial pro- | duction, which is adjusted for seasonal | variation, showed a decrease of 1 per | cent in ‘January, compared with de- clines of 3 per cent in November and in December. _ Activity in the steel indu try, which was at a low level in De cember, increased during the follow- | ing month by considerably more than | the usual seasonal amount: output of | automobiles, which_had shown an un- | usual increase in December, increased | less in January than in the correspond- | ing month of other recent years. The cotton and wool textile industries were | more active in January, while the out- put of copper, petroleum and coal de- clined. Declines in Employment. ‘The number of wage earners employed at factorles was smaller in the pay-roll | period ended nearest the 15th of Jan- uary than in the preceding month, re- flecting in part extended year-end | shutdowns. There were large declines | in employment, at foundries and at e tablishments producing hosiery, wom en’s clothing, Jumber, brick, cement | and tobacco products; employment in | the men’s clothing, leather and agri- cultural implement industries increased somewhat more than usual for the sea- son. Factory pay rolls were consider- ably reduced in January. Value of contracts awarded for resi- dential building continued to decline in January, according to the F. W. Dodge | Corporation, while contracts for public works and utilities increased. In the first half of February the daily average of contracts awarded for residential building increased. Volume of freight car loadings was reduced further in January, contrary to the usual seasonal tendency, reflect ing decteases in shipments of coal, mer- chandise and miscellaneous freight. De- partment store sales, which always show a sharp reduction from December to January, declined by less than the esti- | mated ‘seasonal amount. The general level of wholesale com- cent in January, according to the Bu- eau of Labor Statistics. Prices of many leading agricultural products and of AVERAGE OIL OUTPUT | SHOWS GAIN IN WEEK Increase Is Laid to Stepping Up| of Production in Oklahoma | " Fields. By the Associated Press. TULSA, Okla., February 26.—Okla- homa oil fields were largely responsible for an increase of more than 28,000 barrels in the daily average crude oil | production of the United States last week, says the Oil and Gas Journal. The Journal’s estimate for the country is 2.158,784 barrels. With an output of 502.035 barrels, Oklahoma showed a gain of 28,195 bai rels over the preceding week’s average. The entire midcontinent area produced 1,159,141 barrels, an increase of 29,978 barrels. Kansas production was down 3,275 barrels at 115,870 barrels. Out- side of East Central Texas, which reg- istered an increase of 10,225 barrels at 67,988 barrels, other midcontinent fields made only small shifts. Eastern production was unchanged at 108,000 barrels. The Rocky Mountain | output was 100,148 barrels, an increase of 2,150 barrels. | California production was 528,500 | barrels, an increase of 250 barrels, Glenn L. Martin Co. BALTIMORE, February 26 (Special). | —The Glenn L. Martin Co. during 1930 | earned nei. profit after all charges and special experimental and development costs of $73,924, increased in Jan- ) copper and silver decreased substan- merce has reported that all branches | uary by slightly less than the usual | tially, while prices of cotton and silk of Russian industry excepting textiles seasonal amount and factory employ- | advanced. In the first half of February | had an output last vear exceeding 1929, y rolls declined, says the |ihe price of cotton continued to rise and | as disclosed in cables from its Moscow monthly bulletin of the Pederal Reserve |in the middle of the month copper | office. also advanced. while the price of silver declined to new low levels and prices of live stock continued to decrease. Bank Credit. Volume of credit at member banks in leading cities showed little change from January 14 to February 11, further declines of $200,000,000 in loans on securities and of $115,000.000 in all other ‘loans being largely offset by an increase of $310,000,000 in the banks' holdings of investment In the first three weeks of Pebruary bank suspensions declined sharply and a number of banks previously suspended Tesumed operations. Volume of reserve bank credit out- standing decreased by $175.000.000 be- tween the weeks ending January 17 and February 14, reflecting a reduction of 70,000,000 in member bank balances and $80,000.000 in money in circulation, together with an increase of $25.000,000 in_the stock of monetary gold. The | principal reduction has been in accept- | ance holdings of the Teserve banks. Money rates in the open market con- tinued to decline after the middle o January and by the middle of Februar were at new low levels. The prevailing SOVIET INCREASING INDUSTRIAL QUTPUT| Metal Products and Raw | Leather Show Large Gain. | By the Associated Press. | | NEW YORK, February 26.— The American-Russian Chamber of Com- | | Soviet Unlon's total industrial production, it said, was double that of | 1913 and 19.3 per cent over 1929. | The retail price index for goods sold in state and co-operative stores, cover- ing 95 per cent of the country's retall | trade, the chamber reported, stood vir- | tually the same as in the preceding year. Agricultural _machinery _production was estimated at 331,400,000 rubles, or | 49.5 increase; cotton cloth, 2,225,700.000 | 49.5 per cent Increass cotton cloth, 2,225,700 000 meters, a 23.6 per cent de- cline. ccal, 62.6 per cent over the 1913 | figure, and oil, 18,473,000 metric tons, 312 per cent over 1929, The steel output was 5,684,100 metric tons over 1929. Metal products and in- dustrial machinery, the report stated, \ N rate on prime commercial paper de- | clined to a range of 2'; to 2% per | cent and the rate on bankers’ accept- | subsequently advanced to 1 The Trade Mark per cent, Guaranteeing Satis/action o TR “I had no idea I could get this here.” Hardly a day passes without our hearing such a remark from one of our customers. Our stock is so_extensive—and new items are added so often— that it is impossible to keep our trade posted. Much of our merchandise might be considered “foreign” to a stationery store, but we carry it to properly “service” our pa- trors, and our steady growth seems to justify that policy. We carry in stock regularly such items as— Accountants’ Audit Kits Ball-bearing Chair Casters Globes and Atlases Mi Reference Books ’ (for Personal Records) Linoleum Desk Pads We make to order Window Drapes STOCKETT- FISKE C PRODUCING STATIONERS o1 E $ST- -N W WASHINGTON-D-C We're Rightly Called the Business Man's Department Store | ances was reduced to 11, per cent, but | R i On our liberal 20 monthly repayment plan. No indor Maryland l’e;nn:l En_nie;;, IN rose 57.8 per cent and leather footwear production gained 65.3 per cent. ‘The average number of workers in state large scale industry increased from 2,292,000 in 1929 to 280220 n ‘The gain in productivity, according to the report, was 10 per cent for the year, Lithuanian business leaders are great Iy concerned on the adverse effects on their country of Soviet dumping in | Buro; Shoreham Buiiding Contentment Is the Parent of Efficiency OU'LL be impressed with what a won- derful influence the en- vironment and facilities of the Shoreham Build- ing will have upon the morale of your office. It'll be doing business under the most ideal cohditions — appreciated alike by your office per- sonnel and your clients. There surely is pres- tige tenancy in the Shoreham Building. Let us show you available space and how perfectly it will meet your require- ments MSKEEVER £ GOSS 1. Representative of the Owners SHOREHAM INVESTMENT CO. Rental Office, Room 520 15th at H National 5643 First Mortgage Loans On Improved Real Estate in the District of Columbia ard Nearby Maryland and Virginia for 3, 5 or 10 year terms on your Home Apartment RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFONDENT New York Life I 1321 Connecticut Ave. urance Company Decatur 3600 Triple-A De Luxe Corduroy Balloons FOR THE PRICE OF Upon presentation of membership card in the Washington Thrift Club, this cou- pon and the cash payment to us of our regular retail price for one Triple A De Luxe Corduroy Tire will be accepted by us as full payment for TWO Triple A De Luxe Cord Tires. FREE MOUNTING SERVICE ENNIS-CORDUROY 1311 14th St. NW. TIRE SALES CO. Decatur 5466 CLOSING-OUT SALE OF THE ONE A Price, $195 Sponsored-by B. C. FEDERATION FEDERAL ONS No. 1784 B UNION THRIFT CORP., Publishers @88 Vietor Blds., Phone Natiesel 4303 Buy Yours ND ONLY %, 727777 7 Today at UNION THRIFT CORP. 401 Victor Bldg.—Opp. Rialto Theater or at the following: BARKER | BAKERIES - | or at Ennis Corduroy Tire Co. 1311 14th St. N.W. For further informati 616 Ninth St. N.W. 1408 New Yerk Ave. N 3128 Fourteenth St. N.W. 3517 Connecticut Ave. W. on Phone Na. 4393 T 95 Former Price, $1.95 $200 Saving for only 95¢ THIS IS THE UNION THRIFT BOOK THAT 1S NOW BEING USED BY THOUSANDS OF WASHINGTONIANS BY WHICH THEY OBTAIN Breakfasts, Lunches, Coffee, terwoven Socks, Shirts, ber Heels, Hosiery, Statione ery, Automobile Tires, Greasing and Washing, In- Movie (Monday and Thursday only), Photo- graphs, Beauty Treatments, door Golf Tickets, Theater Tickets Suits Pressed, and other money-saving offers. The Dinners, Bakery Goods, Neckties, Men’s In. for the price of Rub- many / t limited supply of Union distribution o resen hrift Books will fulflil théy publisher’s contract with its advertisers,