Evening Star Newspaper, April 20, 1931, Page 12

A—12 LVE STOGK PREES DECLINE SHARPLY Further Recession Is Feared| This Week if Receipts Continue Large. BY FRANK 1. WELLER. Washington Produce Butter — One-pound prints, 30a31; ub, 29, Eggs — Hennery, ceipts, 18. Poultry, alive—Turkeys, young toms and_ hens, 32a33: old toms, 28; Spring broilers, 38a40; Winter chickens, 30a3; hens, heavy, 24a25; light, 22a23; Leg- horn’ hens, 20: roosters, 12al4; ducks, 15 gkeats, young, 75a80: old, 40. Dressed turkeys, young, 38a40: old, 34a3. Spring _brotlers, 45; Winter chicke 38a40; hens, heavy, 27a28; light, 25a2 Leghorn hens, 22a23: roosters, 15al keats, young, 80a90; old, 50. f, 13%:a15%;; 19; current re-| Associated Press Farm Editor. Suddenly expanded runs and a slow dressed beef trade have knocked as much as $1°off medium weight and weighty steers. Anything like liberal Teceipts this week, Chicago observers say, may force the market on down until strictly choice weighty bullocks have to sell at $9, a_figure, some in the trade believe, may be the peak before this wave of liquidation is over Cattle receipts. on 11 principal mar- kets, totaled 167,000 head. 15.000 more than for the first four days last week At Chiccgo, a Monday run of 24,000 head, gave buyers all the bearish am- munition _they needed to suppl-ment the sluggish dressed beef conditions at Atlantic Seaboard markets. Rush to Market. ‘The run was sharply lerger than that of either two previous Mondars, indicat- ing a rush to market cattle held back in the hope of better prices after Lent and the Jewish holicay period. It is naw evident the curtailment during the two weeks preceding the week under review virtually represented the saturation point and that this wee! strained demand to the brea Ekcessive supplies are made up good beef cattle, fed steers, scaling for the most part, 1,200 pounds. Thrse heavies come from the corn belt and the Southwest as well as from the N vestern States, notably Colorado. Iowa and Nebraska, however, are the heaviest | contributors. While medium and heavy steer values were sinking to the lowest point since late 1926, light heifcrs and mixed yearl- ings worked higher than th> close last week. ‘This strength in little cattle was due mainly to scarcity. The fact that yearlings were wanted gave support to ight steers that reflected yearling char- acteristics. Little cattle also get more assistance from the beef trade than do weightier bullocks. Consumptive demand for light beef becomes all th> more marked in lighter weight carcasses yielded by mixed and heifer yearlings scaling 750 pounds downward. The break in fat cattle prices has depressed the stockers and feeder trade and reduced prices 25 to 50 cents, be- sides restricting outlet appreciably. Finishers seem to be awaiting the out- come of the fat steer downturn, which hecessarily changes the basis on which Teplacement cattle can be safely bought. Dressed Trade. Notwithstanding large supplies, the dressed trade showed improvement at Chicago, prices ruling steady to 50 cents lower. Veal and beef went to new low levels in New York. Hog receipts stayed even with a | week ago and price fluctuations were narrow. Lightweights usually evinced a weak to 10 cents lower basis and packing sows, in less urgent demand than heretofore, reduced 15 to 25 cents, Shipping requirements were limited, reflecting a continued slow and weaker trend in Eastern fresh pork prices. Hog supplies have been running somewhat below figures of a year ago, this week | #s much as 10 per cent smaller. Fat wooled lambs, which had worked to a top of $10 last week, started sliding . Monday under generous re- Teipts and for the greater part of the week showed a decline of 25 to 50 cents Lights and handy weights regained part of the loss, but extreme weights went on_down. Salesmen were insistent throughout the period and held lambs until late in the session each day, but buyers were just as slow to meet any ad- vance asking prices and it was gen- erally after the noon hour before any appreciable numbers went to the scales. Practically nothing was done on feed- ing and shearing lambs, the bulk of the Colorados grading well up toward and into choice, which resulted in prices being higher than shearing op- erators cared to pay. STOCK YIELDS GROW. NEW YORK, April 20 (Special) — ‘There were nearly 130 listed stocks quoted on the Stock Exchange today to yield 10 per cent or more. The num- ber has been steadily growing since the first week of April, when it was 96. It is now approximately 10 per cent of the entire group of Stock Exchange issues In addition to those shares quoted to yield 10 per cent or more there were today about 320 in which the return ranged from 6 per cent to 10 per cent. Of these & fairly high proportion were in the 7 and per cent brackets Obviously the entire character of the list is changing from week to week as dividends are reduced or passed. week the number of such changes wa 40, including the omission of the di dend on the stock that enjoyed t} distinetion of showing the come return quoted—namely, over 40 per cent. A composite of 50 stock widely diversified character shows an average return at present of 6 per cent, compared with sif than 5 per cent a year ago. By the Associated Press COLLEGE PARK. Md The condition of M is reported by April 20 yland wheat the State Crop Reporting Service to be aboi 58 per cent of normal, compared with 89 per gent at this time a year ago, 90 per oent in 9 and the 10-year av P of about 89 per c P i On the basis of this early condition figure production in 1931 is forecast at about 6,000,000 bushels. Total produc- tion last year was e. ted at 11.- 707,000 bushels, in was 9,380,000 bushels 1 duction s ver bushels Effects of Drought. The extremely low co 15 due to effects of 1 The crop was p last Fall, with the rest tion was very s wheat not coming Winter set in erally a mild one cover than might be desired While the combined effects drought and the open Winter w ably cause greater than usual abandon- ment, the actual loss of v at acreag: is not expected to be excessive. Many farmers intend planting some feed ercp with their poorer wheat, and will cut .his acreage for hay instead of for g; It has been found in past yea early season condition & good indicaticn of what the final turn of the wheat crop will be Condition of the crop on Apr ried considerably in diffe the State. In the most important wheat secticn, the northern part of th State, it was reported to be about 53 per cent, of normal: in the two moun- tain counties of Western Maryland it averaged about 69 per cent: in South- ern Maryland it was about 62 per cent, and on the Eastern Shcre about 76 per cent. h less snow of the Condition By Counties. Condition in Northern sounties was reported as follows: Wash- ington, 48 per cent; Frederick, 59 per cent; Carroll, 52 per cent; Mcntgomery, 78 per cent; HoWard, 44 per cent; Balt more, 51 per cent; Harford, 71 per cent; Cecil, 63 per cent; Kent, 65 per cent, and Queen Annes, 69 per cent. | carrot: | of the withdrawal: ! sioner’ A.” Do MARYLAND WHEAT CONDITION REPORTED 58 PER CENT NORMAL Maryland | fresh shoulder smoked shoulders, lard, in bulk, 11; . . Fruits—Strawberries, 35a40 California, 3.5024.00; Florid: 4.0024.50; honeydews, barb, 75a1.00: limes, per 100, 1 er bushel, 1.00a2.00; pea | egetables—Potatoes, 150-pound sacks, | 3.50; 120-pound sacks, 2.75: new, per | 7.50; Canada. 100-pound sacks, 1.50a2.00: cauliflower, 2 cks, 2.00a4.00; peas, baskets, 2.25a string beans, 3.50a4.50; beets, per crate. 2.25a2.50; | per crate, 2.25a2.50; lettuce, Ice- | 4.00a5.0 Carolina, 2.00 spinach, 75; paragus, 2.50a4.00; cabbage, new, hamper, 1.00a radishes, per bunches, 2.00a2.50; Spring onio 100 bunches, 2.00a2.50. STORAGE HOLDINGS OF POULTRY DROP | 2.25a2.50; berg, kale. per | 100 per | | | | Government Report Shows, Amount Is Only Four- Fifths of Normal. By the Associated Press CHICAGO, April 20—Fewer Sunday dinners of chicken fricassee, roast tur- key, duck or goose are in prospect for American_homes, despite predictions by business leaders that trade is getting | back toward normal Cold storage hoidings of poultry are only about four. of an ordinary vear, and a decreasing. Federal dressed hs those constantly Figures compiled hy_the | Bureau of Agriculture | nomics show that storage holdings April 1 were 69,957,000 pounds, as compared with a five-year average of 87,086,000 This is a reduction of approx- 20 per cent i Dressed poultr: in the 26 principal | storage centers April 11 totaled 49,540, | 264 pounds, a reduction of slight than 20,000,000 pounds in 10 d during thi P were absorbed by the trade for Easter | Sunda; | This total of 49.640.264 pounds on| hand April 11 compares wi 983.304 on the corresponding day in 1930 and 3 five-year average of 63,684,870 for that | date. Stocks have been reduced much more rapidly this year than last or for the five-year average, 38.4 per cent of the | current year's supplies having been | moved since the first of the r as | compared with 33.6 per cent in 1950 and | an average for five years of 37.2 per cent. | Receipts of poultry of all kinds are | declining. Seventy-six fewer cars of | live poultry were unloaded in New York and Chicago Jast week than the we previous and 70 cars less than in t corresponding « week last year. 'Ti movement away from the country points is also smaller, the Palace Live Poultry Car Company ‘reporting loadings as 55 | cars less than the preceding week. The heaviest movement continues to come Prom Tennessce and Kentucky whe shipments started in February. R ceipts are mostly fowl, the trade name for hens, with a few broilers, you chickens, from the South The Government weckly market report says that “the low average holdings (cold storage) t on special significance when considered | in connection with the reduced size of farm flocks and lowered activity of | hatcheries. | German Cotton-Weaving. The German cotton-wea: 1930 faced problems more complicated | and difficult than any which they had | met previously, although the industry had operated under unfavorable cond tions for the last few vears, to reports of the Association German Cotton-Weaving Mills. The | n in the industry during 1930 mately 60 per cent: ir | uct ver. Exports recor decrease in the first six months of and toward the end of the second foreign sales were 15 to 20 pe low the level of the domestic turnover the import trade in c lined, reports Assi In Wi N Allegany County v cent, and in Ga cent. On the Eastern Shore, condition was reported at 57 Caroline County; 65 per cent in Dorchester comico, 90 per c per 71 per A nd farms 17 per cent of t 91,000 produced in Maryl 1930. | produced last vear amounted to | 00 bushels amount 270,640 | of 17 per cent, is still on the | accounts fo bushe Oats 5 Elevator and ) hels in 1930, | els in 1929 below the conditio cent and the 10-year 80 per cent The condition of rye shows a sharp decline. The 10 conditi figure of 87 per ce 30 fi of 89 per cent is in marked contrast the 1931 condition figure of 65 oer The farm wages paid in the S show a decline. ate per mon with board, paid 3 mpared with rate without bos a month, but in average fi e board were $1.5 $1.85 in 1930; but in 1931 the way with board are $2 and without b |$2.45. Labor Supply. ‘The supply of labor for 1931 express- ed as a per cent of normal, is 111, and | the demand is 73 per cent of normal. | Last vear the figures were 9 for supply |and 87 for demand. The lower demand |and the higher supply of labor explains Lthe drop in wages. THE EVENING H. F. Dismer 3124 14th St. N.W. W. A. Finch 2416 18th St. N.W. S. Kann Sons Co. 8th & Penna. Ave. N.W. Peoples Hdwe. Stores No. 1 1424 Florida Ave. N.E. Frank F. Poch 4525 Wisconsin Ave. N.W. Wm. R. Walls 739 8th St. S.E. Peoples Hdwe. Stores No. 9 2101 Rhode Island Ave. N.E. J. Frank Kelly, Inc. 2101 Georgia Ave. N.W. H. Wolf 1000 North Capitol St. Peoples Hdwe. Strs. No. 11 4807 Georgia Ave. N.W. Sam’l Ullman 1778 You St. N.W. Modern Auto Sup. Co. 917 H St. N.E. Max Zevin 1742 7th St. N.W. P. Goldblatt 1923 Penna. Ave. N.W. Peoples Hdwe. Stores No. 5 3655 Georgia Ave. N.W. A. Gordon 2212 14th St. N.W. L. E. Wedding 23 15th St. N.E. Peoples 5-10 & Dept. Store 5536 Connecticut Ave. N.W. A. Abelman 4809 Georgia Ave. N.W. Ben Kruger 2010 18th St. N.W. Peoples Hdwe. Stores No. 6 1311 7th St. N.W. Sam Mendelson Alexandria, Va. Columbia Hdwe. Co. Arlington, Va. Irving Payne Baileys Cross Roads, Va. E. M. Shreve Cherrydale, Va. A. F. Thomsen Clarendon, Va. W. N. Lynch Falls Church, Va. Chamblin’s Pharmacy Herndon, Va. Manassas Hdwe. Co. Manassas, Va. Marshall Hdwe. Co. Marshall, Va. Craig & Wright Vienna, Va. STAR, WASHINGTON, D. C, MONDAY, [Signed] KRR NN Finest DU PONT HOUSE PAINT pure white $ 454 In Colors s 29 per gal. Du Pont Prepared Paint is made right to gi of the purest ingredients, and is carefully pre-tested both in the laboratory and on actually painted CuUT you the utmost in long-wearing durability. It is made APRIL 20, 1931. B T T R The 1931 Clean-Up Campaign Committee recommends that the people of Washington avail themselves of every opportunity to “Paint Up” during the official + Campaign Paint Week, April 20th to 27th GEO. J. ADAMS, Exccutive Sdcretary, 1931 Clean-Up Campaign Committee FRRRRRARRNIIW AR A AR IR AR A AR e bk kb ek Prices Smashed" SPRING SALE 22 Alex J. Berlin 603 Penna. Ave. S.E. Fred M. Haas & Son 2016 Rhode Island Ave. N.E. University Hdwe. Co. 3304 Wisconsin Ave. N.W. 2 e e ke e e sk e ok e ek ek Loveless Hdwe. Co. 23 Florida Ave. N.W. Loveless Hdwe. Co. 703 Kennedy St. N.W. David Weinberg 528 415 St. S.W. Peoples Hdwr. Stores No. 4 711 7th St. N.W. Kentucky Hdwe. Co. 3243 M St. N.W. S. H. Landy & Son 3930 Georgia Ave. N.W. E. N. Souri 1438 Penna. Ave. S.E. Peoples Hdwe. Stores No. 8 3511 Connecticut Ave. N.W. Hannon & McGettigan per gal. 3524 12th St. N.E. L. S. Turover 13th & Water Sts. S.W. surfaces. Du Pont paints are more economical than so-called ¢“cheap” paints. They spread further and cover better, using less gallons per job. These prices are the lowest in ten years. PRICES SMASHED! 3 4=-An Varnish $6D 63 per gal. This is a pale varnish for use on any surface inside the home. Dries hard over night. A splen- did value. Quick- The best floor varnish made Supremis Varnish 5 477 Here's the fin- gal. est floor varnish Flows on easily and Regularly 4 made. gives a brilliant, lasting luster. Dries over night, is waterproof and will not turn white. #] 15 Varnish Stain 829 qt. Stains and varnishes at the same time. Just the thing for badly worn floors. A durable gloss finish for fur- niture and floors. Green, Gray and Brow barns and out-buildings. CHI-VO Linseed 0il HOUSE PAINT Don’t confuse this excellent house paint with the paints usually sold by out-of-town ¢ Comes in all colors and white. If your house or other buildings need paint, now is the time to take advantage of this unusually low price. Pure White $254 gal. mended for its long wear. For Stoves, Stove Pipes and Iron Work Black Jack Enamel 79 46° 29 Quart Pint V2 Pint A durable, glossy, jet black enamel for use on all metal sur- faces. An economical automobile finish. Excellent for stoves and stove pipes, and all metal work cither inside or out. ENAMEL Du Pont Quick-Drying Enamel comes in a wide variety of beautiful shades and colors, as well as white. Flows cn easily. Dries conveniently fast. One quart will cover a table and four chairs, one coat. DUPONT Red Barn and Roof Paint : 920 Sold Regularly at Red only at this unusually low price. l gal. 89 gal. n slightly higher. This is a serviceable ready-mixed paint for Fine for metal roofs. oncerns at this price. Save Porch Floors Now Floor and Deck Enamel Regularly 3105 Peoples Hdwe. Stores No. 3 2479 18th St. NW. For Kitchen Woodwork Interior Gloss ¢ E. B. Rector 5443 Conduit Rd. N.W. C. L. Osborn 5919 Georgia Ave. N.W. Qeart More Hdwe. Co. 1913 7th St. N.W. Du Pont Interior Gloss Paint is made especially for kitchen and bathroom walls and wood- work. Peoples Hdwe. Strs. No. 10 813 H St. N.E. It has an extra high gloss which is easy to clean. Will withstand repeated wash- Morgan Bros. 3001 P St. N.W. ings. A variety of beautiful, pastel tints. G. P. Bickford Filat Wall Paint Berwyn, Md. Reg. 30 OB as Du Pont Flat Wall Paint imparts a soft, velvety fin- ish which is so fashionable now. Can be repeatedly Community Pt. & Hdwe. Co. Bethesda, Md. Robt. M. Williams Boyds, Md. washed without injury. Peoples Hdwe. Stores No. 2 Cottage City, Md. Robt. L. Young Col RO Gaithersburg, Md. $34 gal. Recom- Wm. Brandenburg Germantown, Md. Dudrow’s Drug Store Hyattsville, Md. Withstands Hard Wear N Quart Riordan & Griffith Laytonsville, Md. You need a double-duty enamel for porch floors. Here it is. Scuff-proof. Weather-proof. One quart is sufficient to paint a 9 ft. x 12-ft. porch, one coat. These Are the Lowest Paint Prices in Ten Years—BUY NOW—SAVE New DUCO Prices (colors), $1.95 Qt. HUGH REILLY CO. WHOLESALE DISTRIBUTORS 1334 New York Ave.—Phone NAt. 1703 Mt. Rainier Hdwe. Co. Mt. Rainier, Md. Peoples Hdwe. Stores No. 7 Mt. Rainier, Md. R. D. Grund North Beach, Md. F. L. Watkins Seat Pleasant, Md.