Evening Star Newspaper, June 20, 1931, Page 14

FINANCIATL, BONDS ARE HIGHER | oo o BONDS soox exmuve) BRICE (F PRODUCE INHEAVY TRADING!, . ez emeincr 2 5% INSMALLER RANGE L1st4i,s32-47. 44 10315 103 13 103 14 TEISURY DFRT || NEw YORK STOCK EXCHANGE * REMAINS PROBLEM Bales. High. Low. Close. 1 95% 95% 95% 3 101% 101% 101% 2 102% 102% 102% 85% 8b% 85% (Continued From Page 13.) stock les— = 3 I~ ind Il':h" l‘:" 'n-m Al‘:- High. * one. President’s Estimate of $900,000,000 May Be Exceeded. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, June 20.—The Federal ; Treasury closes its fincal year in Jess| than two weeks. Fresident. Hoover has predicted that the deficit would be $900,000,000, and possibly -less. But a larger defictt looms. The latest lnnmmeod‘ ?‘flafl of g: Post Office Department increases total for the United States Government fiscal year to almost $1,100,000,000, or $200,000,000 beyond the President's estimate. However, the cash receipts of the next 10 days will go & long way to help determine how large the deficit will be. From July 1, 1930, to May 31 of this ear, the United States Government pent a total of slightly over $53250,- 000,000, as against s total of $4,468,- 000,000 for the ;l,l;lore“l‘flomlhl of the last fiscal year, - . It now develops that only three of the larger departments showed any decrease for the year—the Navy, the Interior and the executive office, in ad- dition to a few independent bureaus. ‘The Post Office it - tinues to show huge deficits. This year will be one of the largest on record. In 1930 the deficit was slightly over $91,000,000. ‘The deficit for this year is expected to exceed $125,000,000. It is easy to put an item on the Government pay rolls. It is ex- tremely difficult to get it off. One thing should be said, however, that the public debt for the 11 months up to Man 31, in spite of the depression, has | been reduced $421,000,000, as against $512,000,000 & year ago. Many hold that it would be better at this time to postpone payment of any | principal of the national debt and con- centrate on balancing the budget. Mass Production. Charles F. Kettering, vice president . in charge of research of the General ¢ Corporation, has raised the * question of whether e tion of ts, veloping so rapidiy in the United States during-the past 10 years, has been al- together a wise thing. Turning out products on’ & mass-| duction basis by the mighty machines of industry has taken away the appe- e oS P B P ;cnot fl:e Q"'efl:al of X i | the | product. advertising men. o industrial stagnation because o the standardization of ideas. For that This ated the incentive to renewed 'fi:n. of his company's products by brig! ing the colors used in automobile design. Starting “From Here.” motoring in Kentucky on their way to clnclnn{fi. Mr. Kettering got off the Toad, and seeing & farmer standing alongside a fence, stopped his automo- bile and inquired: “Brother, we're going to Cincinnati, Ohio. We seem to be off the road. How do we get there from here?’ The farmer was pussled a minute and began, ' want to go to C{nclnlntl,y let's see. You go for five miles until you come to a fork in the road. You take either side of the fork. Now let's see! Well, to be frank with you, if I were going '?’ Cincinnati, I wouldn’t start from here. Lots of business men feel that way right now. They hate to start “from here.” The Fiction Racket. George A. England, American novel- ist, is quitting the writing game. He thinks lht\‘t‘hl-!l:": s llvivnz in fi’nln: more. He _there's more chicken farm, and he’s going into it. He advises all young suthors from his home at Concord, N. H,, thus: ‘Learn_the grocery business, or prac- mmeg. ‘The 2 chance today. It's hard the old-timers to keep the the door.” up the old type r 8l ‘West and raise chickens. People have to_eat, and he believes that chickens will always be in . ‘That's why he is all for it, to into something where the demand always be strong. The Wheat Surplus. Joseph Wilshire, president of Stand- ard Brands, Inc., wio rose from yeast packer in the Flelschminn company to president in & period of 30 years, sug- gests & way to cut the whedt surplus. He has figured up that the storage charges for the at surplus is cost- \ ing the Farm rd about $3,000,000 a month. 8o far no one ‘made suggestion as to how to rid the Amer # ican Government of this surplus, pro- ¥ viding the present crop is an average It is now known that the Winter ign to increase the TER L. “The sum of $3, spent in ju- ! dicious adve: by the Federal Fai Board in & concentrated campaign cov- | ! ' ering a period of a few months would present the story in every publication in the country and would imme ly have s remarkable effect.” says Mr. ‘Wilshire. “That sum would deo the job and it represents only one month's storage on the prosent wheat surplus whi is soon to be doubled.” He figures that if every person in the United States should eat ore more slice of bread a day, it would mean the con- sumption of an additional 60,000,000 has never before as_it is today.” ‘Whether or not the optimistic con- clusion of Mr. Wilshire would be .born out by such a program, it would at 0% 30 _Superheater (2%). . 32 9% - 5% Tennessee Corp(boe) 36% 18 Texas Corp (2). . 29% Texas G Sulphur (3) 6% 2% Texas PC&OI. 71 Texas Pac Land Tr.. 9% Thatcher Mfg (1.60), 4 Thermoid Co. 5% Third Avenu, Thompson Starret Tide Water As (80c). Tide Wat Aspf (§).. Timken Roller (3)... ‘Tobaocco Prod A 193¢ Transamerica (40¢). Tri-Cont Corp....... Tri-€ont Corp pf (6) Trico Products(3% ‘Truscon Steel a5 SitncBanaBuoanitEow snes Snw Warner 4 Warren Westva 5% B 18% 11 Dividend rates as payments based on fPlus 8% in 14 14 1 Plus 50¢ 92% 86% this year—no resular 19% Ut PAL A (e12i15). % Vadasco Sales Corp.. 9 28% Vanadium Corp'n 20: 22% Van Raalte 1st pf... 59% Va Car Chem pt (7). 381 Vulcan Det (4). Wabash RR. Wabash ). 33 RR Walworth Co. Bros ‘Warren Bros (2 War Bros cv pf .o 308 Fay &P (3). Oil & Snow (2) Westing AB (2).... Weating El&Mfg (4) 521 Westing EAM pf (4). 108 ico Chlor (2) Willys-Overland. Wilson & Woolworth (2. Worthington Pump. Wrigley (Wm) (4) Yeilow Truck 2% Zenith Radio. 4 Zonite Prod Corp (1) % 2% 1% 1% the annual cash rly declarations. 1Plus ast year— or stock. iven in the above tabl Iatest quarterly or in hPlus 2% in_stock. in special preferred stock. k Plus 3% in stock, m Pald rate. nPlus 8% in stock. ing the past year time money rates have gone down more than one-half. S increased on the aver- age for the first time in five weeks, but “were still about 40 per cent below the average price during the week ending June 14, 1930.” | Wholesale prices, as measured by Fisher's composite index of 120 com- modities, declined again to the lowest point in the present recession. New York Times ‘somposiie dex ot lew Yorl es index of | general business activity showed a de- | cline of 14 points, while the business week composite index showed an in- crease of 0.5 points. ‘The figures do not as yet indicate any upward business trend. East Texas has reached s critical state in its oil production. Many in- dependent producers find themselves | drowning in ofl. | Refiners cannot do the impossible. | Recently, gasoline at the refineries | sold as low as 2Y to 2% cents a gal- | lJon. It costs that mnohm:o refine & | gallon of gasoline. 8o crude oil Producer got little or nothing for his | Such a condition means one of two | things: Either mnny"vf the small, less { efficiently operated réfineries will have to close down, or the oil producers will have to shut in their oll flow until the demand for the product increases. ‘The of an oll gusher toda: cannot, by any tion; e carled “Tueky> T , be called % That's why there has been s siéér- | n the spouting in of ‘new ing down # wells in the rich South oil flelds. Roosevelt's Speeches. ‘The speeches and writings of Gov. | Roosevelt of New York are being | studied these days by business men | with increasing interest. ! ‘The Governor believes that the Phil- | ippines should be freed; that the tariff should be modified, and that land taxes | should be lightened. His criticism, in | the recent issue of Country Gentleman, of the school system merits praise. “Simplify our schools,” he says. don’t mean any old-fogyish idea of ting the schools back a half century | or s50. What I mean is that they are | trying to teach too much, spreading | their efforts over too many things, on the vague theory that some day some pupils ‘will find use for them.” ‘This criticism has been many _times by lead fack on ' " widsspread ack on & bring abcut an investigation into use- less school expense. ‘Wholesale ‘Prices. Good news is announced by the Annalist weekly index of wholesale commodity prices. It shows an ad- vance of 100.8 on Tuesday, June 16—a gain of 0.3 for the post-war low of 100.5 | last week and the previous week. ‘This is the first upward movement in over three months. Not all ustrial | prices, however, advanced. in- | creases were in farm, food and textile | products, but they were sufficient to| offset the losses in fuel, metals and building material. Mellon’s Foreign Trip. Every London newspaper is writing | long editorials and news items, trying | to out some reason why Secre- tary Mellon is in London. ‘The facts are simple. He has been | held close to his desk for nearly a year. Now his son is gradua from Cam- bridge. So, Mr. Mellon to go over, see his son graduste and take a little vacation. But the British do not believe it is as simple as that. They cmbrace the opportunity to call aitention to debt and reparation revisions. ‘The British believe he is the only men in America who can a change. Because of this feeling in Great Brit- ain, the Germans also wait him to visit Berlin, but_the Secretary’s friends be- lieve that he will not go on to Ger- many and that he will return to the United States within 10 dayy, sfter vis- iting his daughter in Paris. i Drive on Accidents. set- expressed edueators eruu ded upon conscious ithout which we shall become a Na- tion of robots threatened with extinc- tion. “We may place flashing stop-and-go lights on every corner, we may enact traffic laws and regulations as binding as commandments revealed from the mountain tops, but we will fail unless we succeed in developing men and women in wi character, discipline and morality are founded upon habit. Edu mt keep pace with me- chanical development.” (Copyright, 1031, by North American News- paper Alliance, Ine.) Locomotive Chassis Orders Placed. NEW - YORK, 20 (#)~~The Pennsylvania Rallroad has piaced or- ders for construction' of mechanical parts, of chassis, of 90 of the 150 elec- trie locomotives for which the raiiroad recently purchased $16,000,000 worth of electrical equipment. and material orders for least be an in . TFor without the 'fatal wheat lus the American - wheat _farmer begin to see the light of day. veve the lowest so far this year. WORLD ECONOM CONFERENCE EEN Informal Meetings of States- men May Make Plan for Parley. BY JOSEPH GRIGG. Special Cable to The Star. LONDON, June 20.—In political as well as financial quarters here the feeling is growing thas an international economic conference, in which the United States would participate, if only as an observes, may crystillize as & re- sult of this Summer's informal meet- ings of statesmen of the principal Eu- ropean countries and through their contacts with Secretary of the Treasury Mellon and Secretary of State Stimson Mx:hfi . mfnm:me quarters that such a conference, held before next year's disarmament parley, might go a long way toward recreating a spirit of confidence in Germany and Central Europe. ‘There are bankers in London—and Montagu _Norman, governor of the Bank of England, is said to hold such views—who contend that the invest- ment of more American, British and French capital in Germany and Aus- tria would have a tonic effect on both countries. It is believed that this was the subject discussed with Secretary ellon in the last two days. ‘Those who favor an international eco- nomic parley contend that it would likewise stimulate the nationals of America, Great Britain and Prance to put more capital into Germany and Central Europe, arid that if that were done Germany would not have a good case for a moratorium or a cut in yments. From official sources this correspond ent learned today that Secretary Mel- lon’s visit here had nothing to do with a definite date being set for the visit of Premier MacDonald and For- Minister Henderson to Berlin, now scheduled for July 17. Nor has it been influenced by any possible early move by Germany for a moratorium, which, how- ever, she is unlikely to make before the British statesmen go to Berlin. Mr. Henderson will visit the French colonial Exposition following his trip to Berlin and he is expected to see Foreign Min- ister Briand at that time. ‘The Duke and Duchess of York will be in Paris on an official mission when Premier MacDonald and Mr. Henderson are in Berlin. It will be the first occa- sion when the young coupl: will offi- clally visit a foreign country and theirs will a not unimportant good will diplomatic mission in a Summer signi- ficant with informal diplomatic contacts. (Copyright. 1931.) Van s'erin‘;n_it;n‘l. NEW YORK, June 20 (Special).— Earnings of the three Van Sweringen roads reported for May all show the same general conditions of lower gross and net operating income. Pere Mar- quette lost: about $1,000,000 gross and had a deficit, after charges, of $158,- 342. The nei operating income of the Nickel Plate was less than half that of a year ago. peake & Ohio suf- fered a decrease in its May surplus of $710,000. For the nine months its sur- plus was off 25 per cent from a year ago. TR \ CHICAGO STOCK MARKET \ | | By the Associated Press. CHICAGO, June 20.—Following is the lete official list of transactions in stocks on the Chicago Stock Exchange today: High, Low. . 3% 1% 9 L * SR RS . B 2 el 5 FEFFRRE s angs! 98! 2o 2S: @ g rtg'fig‘s FEE 9888 92! 3 Soma S @z 2 BunBeSon! SE !5-5“;.-!“#&1.. &) Butipa it -.g‘._.—..... ¥ Wt o5 B FE e * ull SR8BUY.YE..8! & usE ¥nus: * & |SUMMER FINDS TRADE } CONDITIONS AS STATIC | Special Dispatch to The Star. | NEW YORK, June 20.—Summer s:ts |in without any sign that business is go- | ing to break through the bottom on | which is has befn stabilizing itself for | six months, says The Business Week in | | its report covering the week ending June 20. The seasonal letdown in the general level of activity seems, on tl whole, to be little if any, more than usual so far, and in some respects slow improve- ment since the nning of the year has become evident. is most marked in trade lines closest to the con- sumer, when low prices and accumu- lated attrition on the second pair of pants appear to have stimulated re- piacement of current requirements. Merchandise carloadings, for instance, have shown & slow rise since last De- oember, after due allowance for sea- sonal factors; and retail trade reports are re s to volume, if not profits. Cheeck payments outside New York also show a rising trend since :ln‘, and though currency in cireu- in banking conditions, the relatively high level is probably not without some trade significance. iy ‘Commodity prices have rallied after recent sharp ines, and markets have made a little better show- fon and confidence, still emphasized by uncer- tainty about conditions abroad, is most marked. Decisive action on the inevi- some of this paralysing doubt. The index settled at 77.9 per cent for the week ended June 13. This comj 89.5 in the corresponding week last year. Buying for Profit BY GEQRGE T. HUGHES. | Tt is a sound investment principle to | exercise constant supervision over one's | securities. Conditions both financial and industrial continually change and | | the price of success is vigilance. Nev- rtheless, the matter may be overdone. | People who hold stocks, for instance, | are accustomed to take their evening paper, scan the stock table and calcu- late their paper gains or losses. . There is such a thing as paying too thuch attention to market quotations, which are measures of value only over | a long period. In times of rising prices and active speculation the market over- estimates the value; conversely, in times | of falling prices and great business de- | pression it under-estimates the value. | Speculative movements always go to ex- | tremes. The danger, then, is that the investor seeing depreciation in the mar- ket price of his security will finally be- come panicky and, without exercising the calm judgment the Te- quires, hurry down to the bank, take his certificates out of the box and for- ‘ward them to his broker for sale. ‘The present financial situation is very trying on the nerves, but it is absurd to say that it is unprecedented. Unfa- vorable as the outiook may be it has been much more so in other depressions recovery. business pre- of its own and this one is unique, if at all, only in its world-wide extent and the spread be- tween high rate of activity two years ago and the relative stagnation of to- Gay. It may be that there are many stocks over-valued by the market even at present quotations. Each case must | be decided on its merits. But there are certalnly many other stocks that are underpriced. This is not to advocate mis- cellaneous _investments in stocks sim] h'hl,g‘zel. agal other told by the tape. (Oopyright. 1931.) g R -[EXPORTS OF MARYLAND |85 TOBACCO ON INCREASE | £ By the Assoclated Press. Exports of Maryland and tobaccos du wl declined 8 per cent as the first three months of 19: ing to the Department of Commerce. ‘The the quarter, a quantity tha l'hmln 1930 treble [ the principal m.';:.wy market, witn c’ sieh action. Tégoyery; | North Carolina. Placer “ainers o North table debt moratorfum would dispel i Carolina, $13,023 from common |, O ply because the market is at a Ohio first quarte; Deferred. . ‘than ::{,% Sisnode Steel Birap cv pf..02%c Q , accord- | “Bo b German List Especially Bene- fited by Hoover Plan to Aid Reich. BY F. H. RICHARDSON, Special Dispateh to The mr” 1;» e NEW YORK, June 20— en benefited today by Presi- T '.I.‘l intimation that the started in quietly, with the usual thinned out Saturday attendance news was quickly 2% did not take nearly 1030, Later the ga tended. Dawes reparations 7s also moved up, but it was in industrials, 6s, 6148, 6728 of 1959, United Steel Works A 6as of 1951 and German Central Bank 6s of 1960, that the larger gains of 4 to 5 points were made. A _group of representative German bonds stood at an average price of 75 at the close, compared with their aver- age of 68.9 exactly a week ago. The improvement in the rest of the foreign list was narrower, but no less unanimous. , especially the 8ao Paulo coffee loan, were sharply higher with the improvement in milreis EASTERN METAL MINES SHOW GAIN IN QUTPUT By the Associated Press. Eastern metal mipes showed an in- crease in quantitive output during 1930, b but decerases in the has been affected by confidence | The increased from $36,793 in 1929 to $46,637 in 1930. The placer gold reported amounted to $1,- 686 and was derived from seven small operations in Alabama, and Carolina yielded $994. Lode mines %;fln‘ in the Eastern States in 1930 $44,951 in gold, of which $3,952 was from , $13,588 from North Pennsylvania ‘Tennessee. and $14,388 from ‘Total of silver was 123,500 pares | ounces, while the. produstion with 78.1 in the preceding week and | increased 930 b from 34,045,920 nds in 1929 to 38,232,031 pounds m'fl“m The mine production of zinc in the region incrersed from 309,096,000 pounds in 1929 to 336,488,000 ds in 1930. The New Jersey Zinc Co.’s mines in New Jersey were the largest producers, but the increase in 1930 ouqmtwu;iu to operations in Virginia, Tes 8t. Lawrence Coun ARUNDEL CORPORATION. BALTIMORE, June 20 (Special).— The Arundel tion had the best May and first five months in its history, Frank a Furst, chairman of the board, told directors at the qQuarterly meet- ing y y. Net profit in May amounted to $224,- 963, an increase of $3,067 over May a year ago, which up to that time had been a banner month. Net profit in the five months amounted to $871,106, an increase of $19,369 over the correspond- ing period a year ago. At the end of May current assets stood at $3.904,571 and current liabili- ties at $343,778. This includes provi- sion for income . Current assets, l;::;uag does not include $2,000,000 com) ’l_n’ pany by the State of e _directors declared the ::All‘l'hemy dividend of 75 cents m: common stock payable July 1 to stockholders of record June 23. o o NEW SECURITIES. NEW YORK, June 20 (#)—New se- curities offered today include: gy Detroit Bdison Co. $15,016,000 41, per cent general and refun mortgage bonds, series D. due February 1, 1961: priced at 103% and interest, yielding about 4.28 per cent, L3 headed by Coffin & ‘u:y e DIVIDENDS DECLARED NEW YORK, June 20 (#).— Reduced. 3 E A o f o E ol g - P 35 LR 2uoooliof 000 z o2 ,, ;.r‘@ i E £ & H SREBNSENISREEES HERESEEE SNENS. H e 888 several selling Werthington themsetves 4 favor Yo 13w . “Parabls in- ea:l ‘nnessee and in | Cl 104 31 105 .+ 48 10114 101 14 101 14 1108 108 103 4108 103 103 ° 6 103 5103 5103 & 30 10910 109 7109 7 2114 211328 11328 Salen. AbItiBI P& P5s'53 10 b &St 5 3.... 14 4. Am Int Cp 5% Am N '3as 6348 '42. Am B&R 1t & L T Atchison Atchis ev At & Danv AtCLcol 48 E2uont B & O rof 58 '¥5. B & O 58 D 200/ Bk of Chile 6% 61 Batay Pet 448 "4z Belgium 75 '56 Belgium 7s 56, Bell Tel Pa bs B Bell Tei F'a 55 C "60 Berlin Cy El 6355, Berlin CyEl 6% 8'51 Beth Sieel pin bu'ss Beth St rf 58 42 Bolivia 75 69, ErnonBia o - 3 Boa & Me ba 56, Brazil 6% s ‘2§, Braszil 6%s T L L LIS T N1 oy Bremen 7a '35, Bk Ed gn A b8 Bkiyn Elev 6%s. .. Bklyn Man 6s ‘68.. e 2= Budapest 65 °62. ... Buenos A 6561 Pv. Buff Gen El ¢ #'81 » woae-Seel nraa wneawl 49 Cen Ry NJ g 58'87 Ches Corp bs Chi Grt West 4559 Chi M&StP 4345 C.. Chi M StP&P b3 76 37 Chi M & St P ad) 68. 45 Chi& NW con 4%s. 65 Chi [t1 & P rf 4834 182 ChiR1cv4%s’60. e OO SarSavaw s Colomb 65 Jan Colombia 6861 Colon 01165 °38. ... Colo & Bou 43%8°35. Col G&X b5 May b2 CGas NY 4%8'9%5wi ConGN ¥ bins‘45. Con Pwr Jap 6%3. Con Pow Japan 7s, Copenhag 4343 Copenhag 58 '62. Cuba 6%s 46... Cuba Nor 5% s "42.. Del & Hud rf 43°43. Denmark 4%48°62.. 2 Denmark 6% 55. . Dutch East Erie Gen 4s... Eriecv 5867, .. 58k mier Grt Nor gen 78 '36 Hud & M adj s ':'. oo mlaatiman - ¥ 3 o o s o aud Beon ol Sl alaranTaaul8s Japanese 5345 '65. . Japanese §3s ‘64. . Jugos] Bank 78 '67. KhCP&L%s"ST. Kan City Sou 35 ‘50 3 %830, Karstadt 68°43.... Kreug & Toll 669 Laclede 5%5 C’53.. Lautaro Nit 68 54... Leh Val cv 43 2003, LehV cv 43482008, Loew’s §s ex war. . Lorfllard 5%s'37.. - & 47 46% 106% 105% 72 €O S e Minh Ry st 6l SRon-B2 Mo Pac 5%scv Mont Pow b S amunen - B3 T 7/ NY NH&H 3%s NY NH&H ¢ %s NY NH&H cv di O&W N ¥ Tel 65 Nia Sh Md 5% Nord 6% ‘6! B 0 AN T 0 D00 MO Nor Am Ed 5%s '63 NorOT&L “ Norway 6s'53 = Rraa o Pac G & X1 68°42. ., Pan-Am Pet 68 '34. Paris-Ly M 6s '58. . Penna 4%s D'31.., Penn cv 4345 "60 Penn gen 4 BummEReBuan d 65’49 Phillip Pet 63539, P CC&SL 43817, PCC&StLGsB.. Poland 3s 5 0 Pos Tel & C 63 '53. Prussia 65 '62..... Public Serv 4s '71. PubSv G 4%s'T Queenland 6s 47 Queenland 7s 41 dgn 4% A, » B Bn weBRoanpmsnan PY-IPY =11 4 Rio Gr W 1st 4839, Rome 6348°52. . Roy Dds’45 wn SiL IM R&G Shell Un O1l 58°49. SincOTscv A21., Sine Cr O 5% Burruli®olanunuaaBind n8Zalal Swiss 534’48 Tenn EI P 6s A 47. Tex & Ark 5% s ‘50, Tex Corp ev 68 44 Tex & Pac65C'19. Texas Pac 5s D '30. Third Av ref 4s "0 Third Av adj 5s°60.201 Toho El Pow 7s '§5. B2 Tokio 5s '52 Tokio 5561 Tokio E1 Lt 68’ 53 - e SanSan an v Utd King 5%s %8 A ¢ Ud StIW 6345461 24 Utd St W6%sC'51 3 9 Utll Pow 5%s "47. Stiés 41 14 na 65 '52. 16 Va Ry & Pow Wabash 24 55°39... 2 Valworth 6s A *45. Warn Br Pic 68 26 Warn Quin Warsaw 7s "l . 1 Wst Sh 1st ¢s 2361, West El deb 58 "44. . West Md 48 ‘52, West Un Tel 5 West Union 1. 1 Wis Cen gu ¢s 36, 2 28 98% 98y 98%; 7% ¥ng StI&T 2 9w 9T%H Special Dispatch to The Star. Peppers, # O per 100, 75a1.00. Spinach, bushel, 25a30. Rhubarb, per 100, 2.00a 4.00. , per bushel, 1.30a1.50. Tomatoes, crate, 75a2.00. Peas, per crate, 75a1.25. Apples, bushel, 75a2.50; per box, 2.00a2.50. OCantaloupes, per crate, 1.00a3.50. Gi fruit, box, 1.50a 2.50. Oranges, .5004.75. ST St. Andrews, Scotland. is to have & Summer Schoel of Dz, *' Market Movement Heavy. Potatoes and Berries Are Leading Features. With its now more Talt appronching e BogbE of S of activity in the midseason n&. says the United States Department of Agrieul- ture, Bweau of Agricultural Zconomics Market News Service. Northern pro- duce becomes more and more importan( in the market after the middle of June Carlot and motor-truck shipments are increasing in number and variety alons the line "from New Jersey westward Potatoes are the market leader in the country-wide sense. They fill one ca/ in three of the current output of fresk produce. Peaches and melons are nov gemromlnenl lines. Early peas, string and cabbage ‘are coming from the Middle Atlantic region and early apples from the South. The straw- berry season has moved to Northern shipping areas. Prices of most prod- ucts show the usual downward Summer trend. Potatoes and cabbage were im- portant exceptions at times during the second and third weeks of June owing to temporary let-up in shipments. Strawberry Market Irregular. Although strawberry shipments have been decreasing rapidly since the mid- dle of the month, prices have not ad vanced in any general way, mainly be- B of the trop Jn some i e CTop in some important pro- ducing sections. The best are now from Northern Sta showed an upward tendency in Balti- more, ranging 7 to 12 cents, quart basis, on fruit from Delaware, Maryland, New Jersey, New York and Pennsylvania, but several other markets quoted un- changed or lower prices. General range was 5 to 13 cents, quart basis. Mid- dle Western markets showed about the same general conditions. Supplies are light to moderate nearly everywhere, but slow demand has prevented any high range of prices. Shipments are active in the region from New Jersey westward to the Great Lakes region, and some iots are moving from New York and New England. Shipments from the Eastern Shore sections of Virginia, Maryland and Delaware were a little below 700 carlots and were 180 cars short of last season's output. Greatest decrease was in the Delaware shipments. Maryland sent 354 cars,,or 70 less than last season, and Virginia 233, compared with 255 a year 8go. The motor trucks have handled a larger proportion of the crop this sea- son as compared with the railroads and steamships. Truck shipments are re- ported at 881 carlots, compared with | 879 last season, and were estimated at about 56 per cent of the market crop. The berry season was profitable to grow- ers in Virginia and in the section in- cluding Marion and Princess Anne Counties, Md. Growers farther North encountered lower prices. Peach Supply Increasing. Shipments of peaches are ine rapidly from Georgia and the Carolinas. Early markets do not indicate a season of high prices, although there were a few tops of $4 to $5 per bushel in East- ern cities. The great bulk of fruit, mostly of the smaller or medium size early varieties, has been selling around $2. The Georgia peach harvest has been starting out rather slowly. A period of prolonged dry weather in mid- June caused the early varieties to ma- ture slowly and also to run heavily to small sizes. The small average size of the Southern fruit this season accounts partly for the generally low range of prices in Northern markets. Quality is good and the fruit is rather free from damage by insects and disease. Ship- ments of the larger and more desirable midseason varieties were beginning in mid-June and the guality of offerings in Northern city markets will steadily im- prove with the progress of the season. Georgia Melons Due. ‘The watermelon season is steadily moving northward. Shipments from Georgia started the middle of the month. Previous supplies of Eastern markets have been from Florida. Prices have Dbeen rather unsatisfactory to Florida shippers, ranging somewhat l&w&r 't‘.hhln at the same time last year. e cutting and carrying quality have been good. Most of the melon ter- ritory in that part of the country re- ceived rather general rains in June, but the moisture supply was too light, and there was a tendency toward small-sized melons, just as happened to the peach crop in that region. ‘The potato market was in somewhat unsettled condition the third E some the total current supply, sells in East- ern cities at $2.50 to $2.75 per barrel. Shipping points in North Carolina re- port steady prices at $1.75 to $2, with a moderate demand at this level. The great producing section of the Eastern Shore in Virginia and Maryland is beginning to play its usual leading part in the Midsummer market. The g-tem g?om -;xppllu about half of e country’s early market potato . 1t is likely to ship 20,000 e‘l’lo‘dlulxlv! year. Rains soon after the middle of the month retarded the early earlot movement, but early forecasts indicated ro-hly 500 carloads during the week I m'ther uontlnuled {:llr. 'D was becoming general ampton 'Conn‘;y l;.."dle end of the week and a few Maryland growers were expecting to start digging during the last week of the month. Yields of the first fields in the Virginia section range from 35 to 65 barrels per acre, with average about 50. There are prospects of good fia !a;l l::: d:hnle Eastern Shore lon. m: did not cause any general redufl.lo‘n‘.e crop season reaches - Northern lim: about the middle of August, when early varieties from Maine start coming to market. Prices Low. Most of the green produce is selling at unusually low prices, but this come dition is partly offset by good and quali Dinosaur Footprints: