Evening Star Newspaper, August 8, 1931, Page 12

Smaller Shipments Result in Advance in Fruits Also. Prices of fruits ai.d vegetables since the first of the month have been re- sponding a little in the wholesale mar- kets to the ter shipments of some cts, says the United States t of Agriculture, Bureau of Agricultural Economics, Market News Bervice. Peaches, which have com- prised one-third of the carlots some ‘weeks, are moving in lighter volume now and prices show advancing tenden- cles in producing sections and in some Northern cities. Abundance of peaches has tended to lower the price of apples. The market opened fairly high for the H’ arrivals. Eastern patato mar- kets strengthened slightly under receipts which have been rather light for the time of year, but shipments are again ihel-linsuflvm New Jersey, now the ipping section. uce shipments are not far from those of corresponding dates last season. Shipments of peaches and melons, although glst the height of activity, are still heavy. Price gains were mainly on peaches, watermelons and on Western lettuce and cantaloupes. Declining price features included East- ern lettuce and onions. Peaches Selling Low. Standard varieties of late peaches, the Eiberta from the Carolinas , have been selling in local markets at unusualiy low prices, ranging from 75 cents to $1.50 per bushel or six- basket carrier. Nearly all large markets report liberal to heavy supplies and slow to moderate demand. Lately the price position has strengthened somewhat in to decreasing supplies from Southern shipping sections, Georgia and m;nh caro_}gn gr&wm still are getting only 50 to 75 cents per '7‘ demand is at il THE FVENING STAR. WASHINGTON, D. C. SATURDAY, AUGUST 8, 1931. DIFFERENCE BETWEEN RIGHT AND WRONG STICKY FINGEREDJAKE. LIFTS A WOMAN'S PURSE WITH ANICKEL INIT. HEALWAVS al th points and markets stronger week of t. Peach ship- still moving at the rate of cars daily. Many growers ve been holding ship- i g5 i i vailing practice of pnbe(t quality, largest fruits, an fact that prices in aotual cost of the basket, picking and to s, s Sy Ly be good. % : i : expected w:m.xnmrmwr are e heavy through the second week of Apple Sales Moderate. heavy Summer supply of peaches oy from the apple market, 28 362 §E FE2 2 E'E f}fi.gs.sé ! ] it it H i spell is re- g 5t lon supply the first s bech comin trom Carolinas and Texas. Near- | ted supply heavy <l ts and demand same conditions pre- e Nicnine. oot and sl ints a unnfl.lempn’rendcncy | markets the first week‘ of{ ‘was toward lower average prices many sales of medium weight stock | carfots at $150 to $200. | Potatoes Decline and Recover. have been ncavm:. a ]lm,‘!p | from the decline that occurred early in ‘month. Underlying position has | been improved because of the rather light shipments at the rate of scarcely more than 2,000 cars weekly, but the output from New Jersey, the leading shipping section at present, is beginning increase again. Low prices have tended of 3 i e i t ? 2 % istricts. Receipts the first week t were moderate in most East- jes. | Suddenly accelerate the normal Progress | yo003. nheng ds | cussive help of initial recovery in othe: | there are possibilities of inflation that | bushel to delay digging in the later | | MORTIMER JOWEL CORNERS THE BEAN MARKET AND WIPES UP A FEW MILLION. INSISTS RECOVERY MUST START HERE Knappen Says Other Nations Need Orders From U. S. to Aid Advance. STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, AUGUST 8. STOCKS. 50 Industrials. 104.2 20 Rails. .2 Outside of consumers’ goods there is not much in the domestic field to indicate an encouraging degree of sea- sonal expansion in the Fall, but Theo- dore M. Knappen of Washington, writ- ing in the Magazine of Wall Street, cautions that it is always well to rec- ognize the possibility of the unexpected. | ‘While it is probable that we are now | in the feeble beginning of the exmn-; (Copyrifht. 1931, Standar4 Statisties Co.) long time in reaching the { Brokers’ Comment likely we shall be a long time cllmbing; Butter—One-pound prints, 30; tub, 29. jpening. The conjunction of the| . o E accumulation of unsatisfied wants, de- | Bguer-Tenmery, SUSa8: Chgoedt - re stocks, growing restiveness of | celptsc, 16al7. capital and entrepreneurs, the tempta- | Poultry, alive—Spring broilers, tion of low price levels, the pressure of | pounds and over, 30a32; 2 to sbundant funds and an unimpaited | .,;4, 27a28; 1% to 2 pounds, 25; | business and financial structure may| POoich pioiiers large, 24a35; medium large, 21; small, 17a18 | Leghorn hens, large, 15a16; small, 13a 14; roosters, 12al13. Dressed—Spring broflers, 3 pounds : 1% to 2 pounds, 27a28; Leghorns, countries. There is no mountsin of | hrojlers, large, 28a30; medium, 28; hens, orders from other lands ready (for the | Jarge 23224, smali, " aghorn tip of a loan) to fall into our 1aps, &S| hens ' 17a18; small, 14al5; roosters, 13a in 1922 and 1923. The start of better | 1. iong Island ducks, 31a22. times for them must wait for better | \eats—Beef, prime, 1; choice, 14; times in the United States. Not until | cow, 11; veal, 11: lamb, 20; pork loins, the improvement in the United States 27a28; fresh hams, 19a20; smoked hams, | is extended to the countries on which | 21: lard, 103.all; strip bacon, 24. | we draw for raw materials will the * five stock—Hogs, heavy, 6.25a7.75; | world begin to pick up. When our|light and medium, 8.00a8.15; pigs, 7.50a buying abroad begins to revive our cap- | 8,00; roughs, 3.00a5.00; calves, 4.00a ital will again become interested in 3.00: lambs, 4.0087.50. foreign investments and enterprises. Pruits—Watermeions, 25860; This economic relation was precisely tra fancy, 75; cantaloupes. reversed during ante-war depressions. Persian melons, 2.50; honeyd Being then both a debtor nation and | 1.75; honeyballs, in international relations overwhelm- | a5.75; lemons, ingly & raw material country, we were 100, 2.00: apples, dependent upon foreign recovery. When | 75. box stock, 2.5082.75; peaches, 75a | {our capital again pours into foreign' 125, few, extra fancy, 2.50; biack- all | berries, 3.00; huckleberries, 2.00a2.50 pears, 250a3.00; plums, 2.00a2.25 of opinion on the stock market con- | tained in today's brokerage house let- 3| ters varied little from the recent tenor 4 | of those advices. Several commentators mentioned tomorrow's Prussian plebi- scite has having a possible influence. 2y of recovery. According to all that we can see now the people of the United States must make this recovery without the reper- ' Charles D. Barney & Co.—The favor- able technical indication of continued support for many industrial and utility | issues in canceled by disturbing weak ness in the rails. Until there is evi- dence of some stabilization in this group it is doubtful that a worthwhile gen- eral advance could take place. Pask & Walbridge—Stocks appear to be absolutely in the hands of the pro- fessional element; movemenis are nar- row and will continue 50, in our opinion, pending a definite change in the busi- ness outlook, Hornblower & Weeks.—We feel the irregularity in this past week’s dull market is of little significance and with the Prussian plebiscite Sunday the most importént foreign event and the steel tonnage figures to be issued Mon- day at noontime, it seems premature to estimate next week's trading difectfon. Hamershlag, Borg & Co.—Whenever he market establishes a definite down- ward trend it requires either an over- sold condition or an important favor- able development to create a worthwhile rally. We.do not believe that the over- sold condition exists as yet,“and do not know from what source to anticipate a few ex- 50a2.00; countries their business activity ready helped by our purchases will Te- p cefve fresh impetus. grapes, 2.00; bananas, 258150 figs. Keeping in mind the utter bank- 50a1.00; currants, 5.00; pineaples, 3.50a future. Clark Willlams & Co—In view of the confused outlook in the business ern markets, but dedm&nd was slow nearly everywhere and there was some accumulated supply on hand. Several Eastern markets gained 10 cents or| Pittsburgh, Chicago, | more barrel. Clevelana ‘showed jand s&nd Washington price . Boston and Philadelphia | markets were about steady and Baiti- | more quoted slightly lower prices on | and Maryland stock. New Jersey and Long Island Cobblers were in New York and other Northern cities and some Midwestern markets advanceds Unfavorable growing conditions in some parts of the Central Northwest sent prices upward on sales for future delivery at Chicago. ‘white were wuhuh as $1.17 delivered at Chlfl‘gm rm b tatns October delivery in Boston reach $1 pounds on Chicago potato ex- bt i the i 5 ! - g5 " i Northern round | L situation, it is our opinion that con- movements can be expected. Smith, Graham & Rockwell.—The market shows no indication of breaking away from the current dullness. SHORTER WORK HOURS By the &ssociated Press, CLEVELAND, August 8—The Ca- nadian and Unite on record today indorsing shorter hours in industry. disability, unemployment and old-age insurance, and a mere equitable division of the profits of in- dustry. problems as a meeting last night, and at the same time passed a special res>- lution calling upon the 1,600 local “Y" organizations in these countries as em- plovers to conform as quickly as pos- sible. The question of World War guilt was scheduled to come before the general convention again today, and also a reso- the need for “adequate within the drganiza- ' { ruptcy of economic prophecy for the 3.75; plums, 2.50a2.75 | may reverse the usual course and set | 25a50; squash, 50; spinach, New Zea- tion of consumptive demand has run | per 100 bunches, 3.00. beets, per 100 what less than normal seasonal expan- | 1.50a1.75; cucumbers. 2-peck bas ot be enough momentum from th;‘ 3.00a6.00. 0 un the cyclical process. The inevitabl normal, but quite wisibly on the up- Special Dispatch to The Star. { industry showed a 64 per cent in- by the Wells Fargo Bank & Union Trust Walnut Giant Believed 400 Years wood manufactures, food, beverages and SPRINGFIELD, I, August 8 () — State was only 0.5 per cent smaller in | plorers centuries ago, and whose wood, | State Labor Bureau The tree, a glant whose lowest limbs | Ususl, because diminished field crops !in 1933 as a model walnut of America. 0 minimum levels. with 1 vest, tfor Gen. U. 8 Oran he | show decreases last year. Total phey s | last several years and remembering that | Vegetables—Potatoes, 2.25; sweet, per 2 |ap production and distributign and then | land, 1.00; kale, '35. peppers, 2-peck its normally low course, the prudent buches, 3.00; corn, 5-dozen sacks. | slon, but with a steady undercurrent ! celery, per bunch, 7521.00: peas, 4.00a | seasonal betterment—chiefly because A s e PICTURE EMPLOYMENT inference is that the begin- grade and in sight of the next summit SAN FRANCISCO, August 8—Em- ) S 1o crease in June, 1931, over May, accord- HISTORIC TREE IS SOLD {014 Brings $650 for World's Fair. |jobacco industry also ins. | A stalwart walnut tree, whose spreading | June than in May, re- Teveral cxperts say, is the finest they _ The number of laborers on farms are 50 feet above the ground, will be 8nd low agricultural returns are forc- Compared | uyrmueeumyemoxgi(m- 1930. total employment was off when § west from Riddle Hill shortly /Day rolls were 26 per cent lets than in first marching orders | im~ - SR e Attendance Record Made. Mis, nine and a at: 75; tomatoes, 2-peck baskets, consumption before the gradual accre- | baskets, 60a75; cabbage, 30a40; carrots, forecast for this Fall is one of some- 1.00; string beans, 1.00a125 of enlarging cyclical revival. There will | 4.50; "eggplant, 1.50; lettuce, Iceberg, the distressing agricultural situatio {ning of 1932 will find us still below GAINS IN CALIFORNIA or, preferably, plateau. ployment in California motion picture ing to the Business Outlook, compiled | Co. of San Prancisco. The paper goods. Factory employment tmp sheltered Indians and white ex- | Ports of 1143 eltlblmhmen“: t‘: the have seen, has been sold for $650. | DiS Year is reported to be smaller than exhibited at the Chicago World’s Fair | ing agriculturists to keep expenditures ‘nmu to_have been ‘- 18 per eent.‘ 'tmml;x all classifications : v;mn( bis June, 1930. stock and prices Willlam C-mpbell, youngest child of Alexander 1 were l&’:‘ NEW YORK, August 8.—Expressions | A bullish development in the immediate |G tinued irregularity in stock market price | States groups at the | g Y. M. C. A world conference here were | 5ja Gol Tr A: They took their stand on industrial | Sel 5 Gias BONDS ARE LOWER AT SHORT SESSION German Group Continues to Show Firm Trend—Junior Rails Weak. S BY F. H. RICHARDSON, Speoial Dispatch to The Star. NEW YORK, August 8.—Investment market trading was slow today and prices had a lower trend everywhere except in the German dollar bond group, where sharp gains were recorded. Young Plan 545 and Dawes Repara- tion 7s were firm at the opening, and later advanced, leading the upturn of all Reich obligations. Wall Street had more confidence in the German Ilist after the first week of tfie reopening of the German commercial banks and sav- ings institutions. As s result many municipal obligations like Cologne 6%s Jand Berlin 6s, which had been unduly depressed, were bought by bargain hunters. German Central Bank 7s ad- vanced 6 points and sizable gains were made by the Deutsche Banks 6s, Cen- tral Bank for Agriculture 6s and indus- trials such as Siemens & Halske 6':s and United Steel Works 61:s. The South American list was ex- tremely quiet but heavy. Brazil 8s, for instance, were off 2 points. Uruguay 6s and Argentine 5l:s and 6s were lower. Chile Mortgage Bank issues were high- er, however, chiefly owing to a firmer toneé in exchange. Serbian 7s gained a point and Italian descriptions were higher. Austrian and Hungarian bonds were off. French, Belgian, British and other prime foreign obligations were firm to slightly higher. In the domestic list selling of the junior railroad bonds continued, along with liquidation in carrier stocks. Frisco 415s made a new low around 45. Erle 58 were off a point. Missouri-Pacific 5s, Denver & Rio Grande Western 5s, International Great Northern adjust- ments, St. Paul 55, Rock Island 438 and other second-grade bonds were slightly lower. Among high-grade rail mortgages, { Canadian Pacific Perpetual 4s were nearly a point lower at one time. Balti- more & Ohlo first 4s were off frac- tionally and close to their low of the year. Great Northern Ts, rthern Pacific 4s and Union Pacific first 4s were also heavy. ‘The Soo line, a road controlled by Canadian Pacific, sought Intersfate Commerce Commission authority to sell $10.000,000 of 5 per cent one-year se- cured notes. The application proposed that $12,500,000 of first "'mfl" serles B bonds be deposited as collateral be- hind the notes. The latter issue has been selling close to a 6 'per cent yield basis. The proceeds from the bonds will be used to retire a like amount of 10-year collateral 6'2s which are near maturity. Industrial issues today remained firm, a significant feature of bond trading all through the recent market weakness, General Theaters Equip- ment 6s were selling at levels reflecting doubts as to the continuation of in- terest payments. This was merely a phase of the liquidation affecting Fox Film and General Theaters Equipment securities on other markets. WILL DIRECT PAROLES Ray L. Huff of Harrisburg Named by U.S)to Succeed Loveland. The appointment of Ray L. Huff, Harrisburg, Pa., 8s supervisor of paroles in the Bureau of Federal Pris- ons, was announced today by the Jus- | tice Department. He will succeed Frank Loveland, jr., who resigned today to take up similar work in the Massa- chusetts Department of Correction. Prior to his appointment to the Fed- eral position here, Huff served as di- rector of restoration in the Pennsyl- vania Department of Public Welfare. INVESTMENT TRUSTS NEW YORK, August 8 (#)—Over- | the-counter market: | A i & Cent Corp {Am & Gen Sec “A”. ‘Am & Gen Sec B e Am & Gen Sec $3 pf. Am Br & Con 6% pf Am Comp Tr Shrs Am Fdrs 6% pf Am Pdrs 7% pf Am PFdrs 1/70 Com Am Frs o¥ pf ctfs Am Fdrs war e | Am Fdrs_1/40 com m Ins Stocks ssoc Stand Ol | ] ! | et Atl & Pac pf war e et Bankers Nat Tov Sy i Bansicilla Corp . Basic Industry B pe_Inv | Century “Tr Shrs . Ghain & Gen Eauiiles € & Gen Eq 628 pf Store Invest C St Chartered Invest Chartered v bf Chejsea Exch A Chelsea Exch B | Cumulative Tr Sh Corporate Tr cru g - PO m & Po Crum & 2 pl Crum & Fost Ins . Crum & Fost Ins 75 pf Depos Bk Shts N ¥ Depos Bk Sh N Y “A" Diversified Tr ¥ Diversified Tr B! SR allan First Am Corp i Five Year Fixed Tr 5 % 6% | Pixed Trusi Sh A Pixed Trust Sh B Pund Tr Shrs A Fund Tr Shrs B General Equity A Incorp Investars Incorp Invest Equit TS, . Inv T*N ¥ invest Trusted Sh Jacksor Sec Leaders | Leaders of Indust B Leaders of Indust C | | Mutua Wide Sec 1 st Shrs Natl Tr Shrs N Y Bl Tr Shis, g o ) o s 2 SHasB.Ls! Secur Corp Gen, §6 pt Slecied fitome g lect Seected Manage Trist § Shawmut Bank < Spencer Trask Fund Stand Am Tr Shrs. . Stand Collat Trast State Street Invest Tr A. W gramsvBuacksomet! PSR 2| French 78 '4y. : | German Bk 6s'33. . 0 4| Grt Nor 414876 D. % | 1 Cent 63 | Int Rap Tr b | Imt M Co 59 ret *41. {Int T&T4%s'63.. ... Reccived by Private Wire Direct 89 The Star Office § males. Low. Close. Lib3%= 82-47.. § 10215 102 16 102 15 Lilst4ys32-47. 1108 2103 2108 2} L4th43is 3338 66 104 26 104 24 104 24 US3K%s‘4s 10 101 17 101 17 101 17 US3%s40-43., 25 10225 102 25 102 25 UB3I%s41-43.. 26 10226 102 24 102 261 v 44-54.., 8 108 9 108 9108 9 USeX%s47-53., 511210 11210 112108 High. Low. Close. 53% 53% 864 EEESEE z g i i AbItiDI P& P 5553, Adams Exp 8. & Zzz Am Matal 5%s "34. - - Argentine 5%s 62.. Argentine May '$. Argentine és Ju - EeBbinalovsnaencanamans-wnn - Oreg-Wash 4s "§1 Orfent dev 5% % Orlent dev 63 '53... Pac TAT ret 5352 Pan-Am Pet 68 '3. 3 ustria 7s'57 ctfs. e RO RRNARE N LN ARG AR ANSNAR L NN B ALY N ANNA A SRS~ AN U AN NA NN SRS KM NREA R~ DN RNANN A BN SNBSS e Penna 4%s D81 Penn gen 4% s @ e Phila Elec 4571, Phillip Pet 5% 8 P CCRSIL 4%s 77, PCCa&StLisB Poland 6s'40. Poland 7s "47 Polana Port Gen Bl 4% Pos Tel & C 68 '63. . Publiv Serv 4s "T1.. Pure Oll 5%8°37... AT, Berl! Boli Bolivia Bolivia 8§ 4i Bos & M Brazil razil 2 Brazil3s 41 Bk Ed gn A 6349, Bklyn Budape: - - ERlo Summmnuo~on wh-uaRen Sl el i e aSaann g 0 KRt e R R h a1 a ek e Man 6s '68. . 5t 65°62.... Buenos A 65 '61 Fv. Buff Gen El 4%s'81 Bush Ter con 58 '65. u A3T, Rem RE6%s A 47.. Rhine West 6s'52., Rhine West 6; » - Roy D 45 "¢6 ww. StL IM R&G 4» ‘33, StL&SFinds A StL&SF 4%n'18. St L&SF pr In bs Sao Pau 7 Seab A L ev 68 '¢5. 2 o ‘4 Can Pac 58 ctfs '44. Can Pac b8 "54 CarClin & O 6 Cent 11l GRE 58 '51. 51 Shell Un Of1 64 . Shell Un O1) 5849 Sinclair Ofl 6 %38 Sine O Tsev A '37 CB&Qgends 3., Chi & Kas L1l 68 Chi Grt West ChiM & St P 4s'89. Chi M&SP 4348 C.. Chi M StP&P 65 76 Chi M & St P adj bs. Chi & NW con ¢ ChI&N W rf bs 2 Chi RI&Pac 4% Chi R fev 4% Chi RI&P gn 4s Chi ltl & P rt Sou P 4%8'6) ww. . So Pacific 4%s 31, @ Bu omeilveeic ro~ sulfuei8-adis nronnaPes nenBionBusmanmossSon waan Swiss 5348 48 Talwan £ P §%s'71 Tenn Ei P 68 A 41. Tex Corp ev 68 ‘44, Tex & Pae 58 B*77. Tex & 8 C'T9. . Third Av ref 0. Toho EI Pow 78 '65. Tokio 5%s°61. .. Tokio El Lt 6’ §3.. Un Pac rf 4s 2003 " 6%s 50 Colomb 6s Jan $1.. Colombia ¢ '61 Oct Colo & Sou 438 36. Col G&X 58 May '52 Col G&E coup 5s ‘61 Com Inves o348 4y P > e Uthl Pow 58 Vert Si it 78 '42. Vienn: 2 . Va Ry ¢35 62, Walworth 6s A 45, Warn Br Pic 68 '39. Warsaw 7s '58. Wst Sh 1st 45 2361, Wes' Md 6%s 77 West Union Wil & Co 151 6341, WIl-Ov 1st 6%s "33, Wis Cen gn ¢s 36.. Yokohama §s "61 Trstn Sn&T ¥ng StI&T Del Pwr&L 4%s 71, Vel & Hud rf 43 43. 1 Deutsche Bk 68 '32. Dodge Br ¢l 68 '40. . Duguesne 4 %3 '67.. Finiand 7s ‘50 Fla E Coast 55 Fram I D 7%s "¢ 2 9745 5 97 971 97 French Gvt Ti%s Gen Cable 5%s 47, Gen Motors 6s '37. . GenPSvils 39, Gen Th Eq 65 40, German 5%s 65, o Business Notes By the Assoclated Press NEW YORK, August 7.--Not a great deal of headway is being made by re- tailers in their August promotional events- reports in New York indicate. Consumer response is tending to be slow and unless a pronounced pick-up develops before the month is well ad- vancgd the results for the period will be substantially below expectations. Mil- linery has stepped to the fore notabiy as active selling merchandise and a fair response to coat offerings has been had by some. stores. Conditions in the export market con- tinued abnormally dull in New York this of electri- Ger Cen Bk b5 '60 J Ger Cen Bk 65 60 O Ge:man Bank 7s ‘50 German 7s rep '49.. Goodrich cv 6545 Goody'r Rub bt Grand Trunk 7s Grt Nor 43%s 7 Grt Nor gn 538 '632. Grt Nor gen 78 '36. . Hud & M ad) 68 '57, Hud & M rf 58 57. Hurble O1l bs '3 Hum O&R 6 %9 [l B T 1st pf bs Iil CCStL&N 4% 111 CCStL4N 63 A. 111 Cent 4% Inland Stl 4 int Rap Tr sta int & Gr Nor int & G Nad R nnBeael-Srra ommn Bunie int Pap 68 '66. .. nt T & T 68 '56 Int RysC A §» 12t TRT cv 434539 Taly 78 °51. . italy Pub Sv Japanese 5% '65. . Japanese 6%s 4. . =8 wer~o = ;h Nevpeussnta soaraSanero andex FI i § [k é 2 ~] i bushels than 98% | third highest since 1914. FINANCIAL. i 8 il I g i H ot : i il i 1] year a 3 fg ] e i ] it L i 078 ] N LR =§§ i - !'Ei ! § i f ke fff 3 i i i 5 i ] 3 E { I 7 i A o year and a five-year of 121,753,000 pounds. mercial a) crop 1is es-