Evening Star Newspaper, April 6, 1931, Page 12

A—12 CAVADANS SEEKIG WHEAT SALE PLA down below the surface of things. That situation is going on today. In nearly a dozen corporations arrels between stock- holders and officers are now going on. Among these companies may be men- tioned the American Tobacco Co., P. Lorillard Co., Bethlehem Steel Corpo- ration, the Transamerica Ca:ronuon, the Brill Corporation, the Calumet & Arizona Mining Co., Continental Shares, Inc.; the Container Corporation of America, the New York Dock Co., the large American | Present System of Dealing in Futures Will Be Investigated. BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. NEW YORK, April 6.—When BSir Josiah Stamp, the British industrialist and economist, arrives in Canada on April 9 to head a government commis- sion to investigate the sal> of grain futures, he will have behind him the unanimous support of Premier Bennett and the Conservative government. Its a big question for the Canadians, for the sustenance of approximately half of its people depends upon farm products. The commission, itherefore, will have one question to deal with: Does the sale of grain futures operat: to the detriment of the producer—the farmer? In Western Canada there is a general beli>f that the sale of grain futures has | adversely affected the price which the farmer receives for his wheat and other grain. But its a sujbect that few people | there understand. So this government commission, | headed by this distinguished Britisher, | will study the mooted question “on the ground” and make its report to the Canadian government. | JIts findings should be announced some time this year. Britain's Revenue. Great Britain tried vigorously last week to increase its revenue for the year, so as to show the least deficit possible. It did a good job, too, for while it was expected that the deficit would be $150,000,000, the actual deficit | amounts to $116,000,000. This is in | contrast to the estimated surplus of $10,180,000, which Chancellor Snowden made in his budget speech a year ago. ‘While the final figures are yet to be announced, most revenue items she @& decrease over last year. The income tax yield dropped about $18,000,000. Much new revenue must be raised. The latest report is that the present tax on gasoline will be more than | doubled, so that the tax itself will amount to 16 cents a gallon. Today gasoline, or petrol, as the Britishers call it, costs from 32 to 45 cents a gallon. If this new tax of 8 cents is added gasoline will retail in Great Britain from 40 to 53 cents a gallon. Incidentally, this is one of the big reasons why motoring is not so popular in Great Britain as it is in the United States, where the cost of ‘gasoline is about one-third of what it is over there. Snowden Report Awaited. When Chancellor Snowden returns to the British Parliament, after his severe sickness, to dellver his much- talked-of budget speech, cn Monday, April 27, he will tell the British people officially of the government's $116,- 000,000 deficit and of his plans for the raising of new taxes to meet the problem. list are disputing with ers over the bonus system, shared in by companies are the American Tobacco Co., directed by George W. Hill, and the Bethlehem Steel Corporation, headed by Charles M. Schwab and Eugene Grace. stuffs. past week of lowering the average com- Standard Commercial Tobacco Co. and the Philadelphia Rapid Transit Co. It is estimated that the total assets of the companies involved in these va- rious disputes reach nearly $3,000,- 000.000. The two largest companies in this eir stockhold- various executive officers. These Probably never in the history of the country have their been so many stock- holders’ actions, asking such a mass of detailed information on the activitles of the various companies as right now. Wheat Growing. J. E. Neville of the Northwest Ban- corporation, which owns 133 banking institutions in 10 Northwestern States, calls my attention to the fact that wheat is not the only agricultural prod- uct raised in these various States. “It may surprise you to know that agricultural diversification and other factors in recent years have completely changed the picture; that Pennsylvania is a greater wheat State than Minne- fota, and either Maryland or Virginia raises more wheat than Iowa, Delaware or Wisconsin, “With 10.9 per cent of the national population, this Northwest area pro- duces 87 per cenb of cur fron ore, 25 per cent of cur copper and lead, 20 per cent zinc, 24 tp!r cent of our gold and 36 per cent of our silver. The physical wealth of the 10 States 1s 15 per cent of the entire physical assts of the cauntry. “Thirty per cent of the farm income frem these States is from crops and 70 r cent from live stock, dairying and indred activitics.” ‘The Southwest, recognizing this ex- cellent diversification work in the Northwest, has taken the cue and the pecple there are at werk doing the same thing in the cotton sections, that has b‘een accomplished in tne wheat sec- tions. And its a very wise move, from the stardpoint of business stabllity. (Copyright, 1931, by North American News- paper Alllance.) g COMMODITIES’ DECLINE IS NOTED DURING WEEK Special Dispatch the The Star. NEW YORK, April 6.—The benefit of stabilization in the prices of many com- modities has been offset by the down- ward trend in quotations for bread- ‘This again had the effect this modity index after a slight rise in March, bringing it to the bottum level of the long downward swing. Compared with the 1926 average, commodities are now off 25 per cent and nearly 60 per cent from the high point of the inflation period in_ 1920. They are still, according to the Fisher Index, about 8 per cent higher than they were in 1913. This comparatively small change from the pre-war situation is affected mainly by the terrific de- cline in a comparatively few commodi- R!xht'naw it looks as though tobacco | ties such as wheat, copper, rubber, sil- ‘will shoulder the extra load. A package of 20 cigarettes costs 25 cents in Great Britain, as against 15 cents in the United States. The manufacturer pays the government 12! cents in duty out of the 25 cents. Now, if the tax is raised 2}; cents it means (if the cigarette package remains at 25 cents) the government will receive 15 cents in taxes for every 25 cents paid in for the cigarettes. ‘There has been no change in British tobacco duties for four years. Winston Churchili, when chancellor of the ex- chequer, increased the duty from $2 to $2.20 a pound, with a provision that all tobacco grown within the British Empire would be taxed but $1.70 a pound. At _present, tobacco taxes bring into the British treasury about $315,000,000 & year. Chancellor Snowden has always op- | posed taxes on foodstuffs or tea, as I says he will not tax the “breakfast | table.” The Snowden budget speech will be | awaited with great interest throughout the world, for the dominions are almost #s much interested in it as those who live in the British Isles. Its only in times of depression that real executive ability shows up in its true light. When companies are making | money rapidly, dividends being paid in substantial amounts, few stockholders take the time or trouble to go min- | utely into the financial statements of | the various companies. But when times get bad and divi- dends are passed, then inquiring stock- holders begin to ask questions and dig ver, sugar and coffee. Turns Right Out! A few drops of “Outgro” in the crevice of the ingrowing nail re- duces inflammation and pain and so toughens the tender, sensitive skin underneath the toe nail, that it cannot penetrate the flesh, and the nail turns naturally outward almost over night. “Outgro” is a harmless antiseptic manufactured for chiropodists. How- ever, any one can buy from the drug store a tiny bottle containing direc- tions. COAL Special Night Phones For Delivery Tomorrow Phone Us Tonight Nat’l 3068 | Met. 4500 | to 11 PM. Prices on Agnew Sup erior Hard Coal are DOWN —buy a full sup- pl y now and cket the sav- ings! We’ll de- liver promptly, and give you ex- pert heating ad- vice, if you wish. Order TODAY. JOHN P. AGNEW & COMPANY, Inc. 728 14™ STReeT, N.W. Phone : NAT Look for the every ton of IONAL 3068 Markers scattered thr. \GNEW SUPERIOR HARD —then you will know you are getting the genwine. THE EVENING STAR, WASHINGTON, D. C, Washington Produce Butter — One-pound prints, tub, 321,833%. Eggs—Hennery, ceipts, 20. Poultry, allve—Turkeys, young, 30a32; old, 25a27; Winter chickens, 30a35; Spring broilers, 36a38; Leghorn brollers, 34a35; hens, heavy, 22a23; small, 21; Leghorns, 18a20; roosters, 16; ducks, 15; keats, large and young, 60a65; old, 25a30. Dressed—Turkeys, young, 38a40; old, 30a32; Winter chickens, 38a40; Spring broilers, 45; hens, heavy, 26a27; small, 23; Leghorns, 23; capons, large, 37a38; swmall, 32a33; ducks, 24a25; roosters, 16; keats, young, 70a80; old, 40a45. Meats—Beef, 1314a15'5; veal, 14a16; lamb, 19; pork loins, 19a21; fresh hams, 19; fresh shoulders, 14; smoked hams, 21; smoked shoulders, 12; strip bacon, 21; Jard, in bulk, 11; in packages, 12. Fruits—Strawberries, 35; oranges, California, 4.00a4.25; Florida, 4.00a4.25; honeydews, Argen- s, Argentina, 4.50 a5 .50; lemons, 4.50a 6.00; apples, per bushel baskef, 1.00a 2.25; box stock, 1.75a2.50: pears, 4.50; rhubarb, 5-pound_boxes, 85a90. Vegetables — Potatoes, 120 - pound sacks, 2.65a2.75; Idaho bakers, 100- pound sacks, 2.50: Florida, new, per bushel, 3.00; sweets, per bushel, 1.25a 1.50; cabbage, new, per hamper, 1.25a 1.35; old, 100 pounds, 1.50; =spinach. 00; kale, 1.00; turnip greens, 1.00; 0; 34a35; 21a22; current re- o ; peppers, string beans, 3.00a5.00; limas, 5.50; peas, crates, 5.25a5.50; baskets, 3 50.‘;;10cumbers. hot house, per dozen, g 2 HARMLESS ttuce, iceberg, 2. celery, 3.50; asparagus, 3.50a4.50; broc- coli, 4.50a5.00; mushrooms, 90a1.10. e e i Minstrel Star Dead. ATLANTIC CITY, N. J, April 6 (#). —Victor Rickards, star in Murphy's seasons, died Saturday from a cerebral hemorrhage. He was 72. Richards TENNESSEEAN KILLED CHATTANOOGA, Tenn., April 6 (#). —Neal Dixon, 44, and Hubert Sissom were pinned beneath their overturned automobile near here late Saturday night. The men discussed their plight for Minstrels on the Steel Pier here fog 28| two hours and then Dixon quit talking. Sissom believed his companion. had fallen asleep and did not disturb him. Passersby lifted the automobile yes- played in all parts of the world during | terday morning, s°me 10 hours later. a stage career spanning 49 years. Dixon was dead. Why.i‘ DO YOU FEEL SO SECURE IN A Safety Plate Glass Throughout—Sturdy, Graham-Built Bodies— Larger Hydraulic 4-Wheel Brakes—Postive Control—and 50 Other Reasons ASK YOUR NEAREST GRAHAM DEALER TO SHOW YOU Prices at the factory, $845 up for the Sixes; $1155 up for the Eights Hear the Detroit Symphony Orchest: d Edgar A. Guest, America’s beloved poet—the Graham Radio Hour—every Sunday : Evening at 9:30 P.M. over WMAL. MONDAY, APRIL 6, 1931. FINAL APPEARANCE OF BONUS OFFER NOTICE:— To those who have not yet taken advantage of our “Money Back After Seven Months Plus 2% Bonus” Sale. We wish to announce that this extraordinary offer and Sale of ORIENTAL RUGS Will positively stop at Six O’clock, Saturday, April the Eleventh This Notice Will Not Appear Again 416 Scatter Size, mostly semi-antique Rugs of all authentie weaves. Normally Selling $21.00 to $425.00 BONUS SALE PRICE $8.75 to $174.00 132 Room Size Carpets, normally selling $275.00 to $950.00 BONUS SALE PRICE $137.00 to $462.50 No C. 0. D.’s—No Approvals—No Credits—No Phene Orders NAZARIAN & HEKIMIAN, Ine. 1226 CONN. AVE. Established 1901 CAME LS are wrapped Only in MOISTURE-PROOF Cellophane Chart Showing Moisture Loss of Cigarettes |Unwrapped Package THIRTY DAY TEST Cigarettes in prime condition have a moisture content of about 10%. It will be seen by the chart that cigarettes in the ordinary wrapped package lose more than half of their total moisture in thirty days and that only the Camel Hu- midor Pack delivers cigarettes to you in prime condition. HE whole country is talking about the throat-easy mildness and the fac- tory freshness of Camel Cigarettes in the new Humidor Pack. The above chart prepared by the Pitts- burgh Testing Laboratory tells you why. Please examine it carefully. It is an un- failing guide to cigarette selection and : Sigvor in. enjoyment. As you can quickly see by the three upper curves on this interesting chart, cigarettes that lack the protection of the Humidor Pack lose their moisture rapidly from the day they are manufactured. And day by day as this moisture dis- appears, the smoke from these cigarettes becomes harsher, hotter, more unkind to the smoker’s throat. Not so with Camels! Factory-fresh Camels are air-sealed in the new Sanitary Package which keeps the dust and germs out and keeps the Make these tests yourself It is so easy to tell the difference between parched dry cigarettes and fresh prime Camels that it is no wonder everybody is reaching for a fresh cigarette today. _4Glassine Wrapped Packag _ Ordinary Cellophane Wrapped Package |Camel Humidor Pack | Moisture-Proof Cellophane| 150478 Your fingers identify stale, dried-out tobaccos at once. While a Camel is flexible and pliant. Your ears can tell the difference too. For a dust-dry cigarette crackles under pressure. But the real test is taste and there is simply no comparison between the rich mildness of a Camel and the hot, brackish smoke from a stale, dry cigarette. Switch to Camels just for today them leave them tomorrow if you can. R. J. REYNOLDS TOBACCO COMPANY Winston-Salem, N. C. ¢ AMELS © 1901, B. 7, Reymalds Tobooss Artificial heat in houses and apartments soon dries the moisture out of cigarettes wrapped the old fashioned way. It is the mark of a con- siderate hostess, by means of the Humidor R Pack, 10 “Serve a fresh cigarette.” Buy Camels by the carton—this cigarette will remain fresh in your home and office, Compasy