Evening Star Newspaper, September 30, 1932, Page 13

A aaad OUTPUT OF RAYO AT SMALL FIGURE Factories Remain on Re- stricted Schedule Despite Increase in Sales. BY BRADLEY W. TRENT. Bpeclal Dispatch to The Star. NEW YORK, September 30.— That synthetic textile—rayon—was much in the limelight here today as a result of discussions about the present small out- put, the numerous cables concerning it, and the suit of the Acadia Knitting Mills, Inc., against the Viscose Co. With present textile activity greater than usual for a depression period, the trade does not understand how the out- Eut of rayon will meet demands when usiness attains normaley. Productive capacity of the rayon industry is 190,- 000,000 pounds annually, but capacity is being reduced by one-third because of the types of weave now in demand. Earnings Small. Furthermore, the domestic rayon in- dustry, except where a company’s treas- ury is well lined with cash, will not ex- pand productive capacity. The low rate of operations earlier this year and the price wars waged to push products on the market left earnings at such small figures that many companies did not earn bond interest requirements. This means that expansion funds will have to come from within the industry, be- cause some former security flotations have left a decided bad taste for any- thing savoring of textiles. Meanwhile, demand for rayon is stead- ily widening, due to improvements in the yarn and the development of new uses for the textile. From Paris comes the word that rayon table linen is being widely displayed, that there are many new uses for rayon knitted cloths, and a new tendency in rayon laces which now run to a heavier quality. That rayon production has profound- ly affected the French silk industry is indicated by reports from Lyons, the center of silk weaving, that 75 per cent of the lJooms now are working on rayon. Silk is being displaced by rayon in the manufacture of French underwear and hosiery. Japan has lifted the price of rayon because of the fall of ven exchange. Production costs have risen, owing to increased prices of pulp and caustic soda, but exports of rayon have broadened so rapidly that December deliveries have been sold out and com- panies now are booking January de- liveries. Japanese rayon companies, with better profits, expect to be able to resume dividends for the second half of this year. Other Foreign Sales. Berlin reports that July and August sales of rayon showed highest volume of the year. Although German rayon prices to date have remained un- changed, Oscar Biercher, director of the German Rayon Syndicate, said quotations soon would have to be raised to meet the advancing costs of raw materials. The output of rayon in France dropped from 23,000 metric tons in 1930 to 21,000 in 1931, but imports in- creased from 1,095 tons to 1259 and exports rose from 8,029 to 8492 tons. The Artificial Silk Co. of Alsace, at Colmar, reported 8 loss of 3,569,304 francs in 1931, hut-adds that since the first of this year demand has expanded. The Arcadia Knitting Mills, Inc., largest American makers of ~rayon cloth, have filled suit against the Viscose Co., makers and sellers of rayon yarn, for $20,000,000, alleging failure to carry out the terms of a contract dated August 16, 1932, under which it is reported Viscose agreed to supply Arcadia with rayon yarns at the market price, with such adjust- ments as became necessary from time to_time. Viscose makes more than one-half of all the rayon yarn produced in this country. Arcadia takes about 25 per cent of Viscose's output. The latter alleges the former failed to fill its or- ders. The suit alleges that Viscose in September notified Arcadia that it was rejecting orders and would refuse fur- ther business from the company for rayon yarn. Arcadia alleges Viscose's action will close its mills. This suit is of interest because it is the forerunner of many similar cases in the textile trades, where demand now exceeds supply. (Copyright, 1932.) Washington Produce Butter—One-pound prints, 93 score, 23; 93 score, 21; standard, 20; tub, 93 score, 22; 92 score, 20; standard, 19. Eggs—Hennery whites, 27a28; current receipts, 22223; sealed Government grade, extras, 41; standards, 35; medi- ums, 32. Poultry, alive— Turkeys, hens, 15; toms, 13; crooked breasts, 10: Spring turkeys, 20a23; chickens, Plymouth Rocks, 3 pounds end over, 15al7; 21 to 3 pounds, 13al4; under 2!, pounds. 13; hens, small, 11a12; hens, large, 14a 15; Leghorn hens, 10; mixed colored chickens. 12a13; roosters, 8: keats, young, 1 to 133 pounds, per pair, 50; young, 2 pounds and over, per pair, 70; old, per pair, 40. Poultry, dressed—Turkeys, hens, 18; toms, 16; crooked breasts, 13; chickens, Plymouth Rocks, 3 pounds and over, 20a22; 214 to 3 pounds, 18al9; under 2!, pounds, 18; hens, small, 16al7; hens, large, 18a21; Leghorn hens, l4a 16; mixed colored chickens, 17al8; roosters, 12. Meats—Beef, 15; lamb, 14: veal, 11; ork loins, 15; fresh hams, 1 ‘moked ams, 14; strip bacon, 14; lard, Tl2; compound, 7. Live stock—Hogs, light and medium, 4.2524.40; heavy, 3.75a4.25; pigs, 4.00a 4 roughs, 2.0023.00; calves, 3.00a 6.00; lambs, 3.00a5.50. Fruits — Cantaloupes, jumbos, 1.25; standards, 1.0 apples, bushels, 50a 1.00; box stock, 2.00a2.25; peaches, 1.00a 2.00; pears, Bartletts, bushels, 1.25a1.50; seckels, 1.75a2.00; Thompson seed- 0 honeydews, 1.75a2.25; 2.75; Persian melons, 2.25. Vegetables—Potatoes, 100-pound sacks, 95a1.00; Idaho bakers, 2.25; sweets, buchels. 60a75; string beans, 1.00a1.25; limas, 1.50a2.00; peas, 1.75a2.25; car- rots. per 100 bunches, 3.00; beets, per 100 bunches, 3.00; squash, 50a65; Hub- bard squash, 1.50; spinach, 1.00a1.25; ki 50; Spanish onions, 50-pound sacks, 1.50; tcmatoes, 2-peck baskets, 60a75; peppers, 7: eggplant, 1.00; cauliflower, 1.5022.00; broccoli, 3.50; corn, 50a1.25; mushrooms, 1.75a2.00; salsify, per dozen bunches, 75a1.00. Baltimore Bond Issue Sold. BALTIMORE, September 30 (Spe- cial) —The Banc-America-Blair Corpo- ration, Robert Garrett & Sons, the First of Boston Corporation, Roosevelt & Sons, Estafrook & Co., George B. Gib- bons & Coy Darvey & Co. and Boat- men’s Nat!ohal Co. of St. Louis were awarded the issue of $3,879,000 Balti- more City bonds yesterday on their bid of 101.958. POTATO MARKET. CHICAGO, September 30 (4) (United Btates Department of Agriculture).— Potatoes—Receipts. 75 cars; on track, 295; total United States shipments, 485; market dull, trading slow: sacked per hundredweight: ~Wisconsin Cobblers, 60265; Minnesota Cobblers, 60a65;: Min- nesota early Ohios, 55260; South Da- kota early Ohilos, 60a65; Idaho Russets, 1.05a1123. $23,000,000 in food= Ttaly exported ms to the United States in 1931, Tipsy Bees Rout Ruiders and Help IHUGE WHEM FARM ! Moonshiners Flee Swarm Tippling in Mash as Party Creeps Up on Still. By the Associated Press. TACOMA, Wash, September 30.— Resentful bees, full of fight from tippling in corn mash, proved allies of moonshiners when Sheriff Fremont Campbell and Chief Deputy Al Ray tried to creep up on a still in a dense wood near Roy yesterday. They got close enough to the still to hear the volces of the operators. They were creeping ahead in an effort to capture the moonshiners when the way was suddenly barred by a swarm of busy buzzing bees having a party over some mash dumped along the narrow trail. “Scram, sheriff, bees!” hissed Ray, who was in the lead and so sorry. His warning was superfiuous. The moonshiners also completely. WOMAN, 55, IS INJURED IN STREET CAR ACCIDENT Mrs. Frances O’Brien Is Knocked Down After Alighting From Bus. Mrs. Frances O'Brien, 55, of the 2300 block of Tracy place, was reported im- proved today at Emergency Hospital, | where she is being treated for injuries received last night when knocked down by a stre=t car after alighting from a bus at Connecticut avenue and M street. Mrs. O'Brien received fractures to both wrists and head injuries. X-ray photographs were to be taken today to determine if she has a fractured skull. She is employed in the household of Admiral I. Hutchinson Cone of the ‘Tracy place address. ‘The woman is sald to have been dragged several feet by the street car before it could be brought to & stop by Motorman Henry A. Abell. ADM. HAMLET BETTER Coast Guard Commandant Recov- ering From Surgical Operation. Rear Admiral Harry G. Hamlet, com- mandant of the United States Coast Guard, was recuperating today from his operation last Tuesday at Naval Hospital. Admiral Hamlet was resting ‘“com- fortably.” but it was said it probably would be three weeks before he can, leave the hospital. “scrammed” - - Open for Reference. The central building of the public library, Eighth and K streets, will be open each Sunday from 2 to 6 p.m. for reference use only, beginning October 2. All branches and subbranches will be closed. New Fire Escape in Berlin. A new life-saving device which can be attached to any window, has been invented in Germany and was tested recently in Berlin. Two ropes are thrown to the ground, where passers-by catch them and control the descent of the escaping person. In the test a man and a girl descended from a sky- scraper. BONDS ON THE CURB Sales in thousands. 9 Alabama Pow 55 56 1 Aluminum Co, 55 ' 'DOMESTIC BONDS. Hign. Low. Noon. 92 92 43 9% 31y 5 Cleve Ter Bldg 6s 7 Comwh Ed! 3 39 Pisk Rubber 5'3s '31. 27 Fisk Rub 5135 ‘31 cod 7 Florids P & L 55 'S4, o 2R RRIE2,. SRS ASRIL R BT E! National Food 6s * i 21 Nat P & L 65 A 2026, P'S '5s 'I8... iag Falls Pow 0613 Con Ut 5'-8 A '48 39 Nor Ind P 8 55 D '69 zg:/l : 93 9514 222 g 80nio 155 D 56, 9413 10kla Gas & El 5s '50 87 8Pacific G&E 4'zs '57 95% 9t 1Pac G & E 4'2s F '60 95% c EL B 65 '41108 acific G & E 58 C /52 104% &L 415 7T 108" 108, 1043 104% 9915 99% 6015 1 ) g B 3T 1017 102 152 1024 102% 102% s 44 49%, 49 4 57 8 0% 1% '35 66% 65% 65%a '35 67 61 61 51 56% 564 58 8s '57 5612 561z 5612 '39.... 100 10 4125 '7) 5% 40 wi.. 92'4 48 5212 86% 5128 5 Guner of Illin 1Swift Co 55 1Tex City Gas 58 4 Texas Elec 55 '60 wi g nv 55 A 9Uni Lt & Ry 5ls '52 Uni Lt & Ry 65 A '52 6las 'T4 81 A 5 A 4 a Pub Serv 55 B '50 4 Wes Tex Ut 5s A '57 5 Wiscon PAL 5s F '58 FOREIGN BONDS. §Buen Alr Pr Thas 147 45% 9Com Pr Bk 5ias '37 55 2 Ham FS&U 5! 2 Hanover Pro 6158 49 7Isotta Pras 7s '42 ww 6 4Isotta Pras s '42 xw 2Jtel Sup Pow 6s A '63 51 1Medailin Col Ts '51 1 Mendoza_Pr Tiss 1Santa Fe Arg 7s '45. 1Santiago Chile 7s '49 2 Saxon Pub Wk 55 '32 6: 2Unit Indust 6'as '41. ww—With warrants. xw—Without warrants, | The vast agricultural holdings of Hick- |order and an injunction ,in District INRECEIVERSHIP Hickman Price, Largest Grower in Southwest Section, Fails. By the Associated Press. PLAINVIEW, Tex., September 30.— man Price, who brought big business methods to wheat farming in the Texas Panhandle four years ago, have been thrown into receivership. A short crop last July led to financial difficulties for the tall, 46-year-old for- mer motion picture executive who quit & New York office to become the largest wheat. farmer in the Southwest through machine operations. Now the Dowden Hardware Co. of Plainview has obtained a receivership Court restraining creditors\ from seiz- ing any portion of the Price estate by attachment or other legal processes. Action on $600 Note. The hardware company based its ac- tion on a $600 note and said the pro- cedure was necessary to protect small creditors and junior lien holders. Mike H. Thomas of Dallas qualified as re- ceiver under $10,000 bond. July 22 Price called together his creditors and turned over to them the operation of the huge farms on which he produced 500,000 bushels of wheat | fmgm 22,000 acres under cultivation in 1931, “I am at the end of my resources,” he said. ' “I am convinced that mv plan of in-| dustrial farming is sound &nd practical, | but these are abnormal times and I don’t know of any new industry that has succeeded.” Creditors appointed a committee of five to work out a plan for operation of the estate. They sought to avold a receivership because of the expense. ‘The petition in the Dowden suit as- serted Price owns 12,800 acres in Swish- er and Deaf Smith Countles “reason- ably worth” $406,000, and various tools and implements. It was stated that his Husband Who Failed To Go Over Niagara In Barrel Divorced By the Associated Press. CHICAGO, September 30.—Two years is more than enough to go over Niagara Falls in a el. Mrs. Bessie Smolen charged in a biil for divorce that her hus- band George left home two years ago lest April, saying he was going over the falls in a barrel. She scanned the ]plpers for' re- ports of the exploit, but none came. She waited two years before filing the cuit. Yesterday Judge Charles \A. Willams gave her a :ilecree. ‘The <€harge was deser- lon. indebtedness approximated $225,000, of which $95,000 was unsecured. Operated Day and Night. Price applied big business methods to farming, operating his power imple- ments day and night, maintaining his own machine shops and producing veg- etables, meats and fruits to feed his many employes. Motor cycle messengers linked Price’s headquarters at Kress, Tex., with com- bine crews, truck trains and mechanics at_all points of his operations. During the 1931 harvest Price had 250 men on his pay roll, 35 combines, 25 tractors and 100 trucks. Price’s ambition was to expand his operations from the Texas Panhandle to the Dakotas, so that his equipment and men might be employed to capacity in the harvest from June until August, working northward as crops ripened. Price, a native of Jefferson City, Mo., and science graduate of Columbia Uni- versity, for five years was assistant to Will Hays, head of the Motion Picture Producers’ Association. POETRY SPEAKER’S TOPIC Prof. Lee of Virginia Summarizes Work of Americans. Prof. Lawrence Lee of the University of Virginla summarized the work of American poets during the last 20 years in an address last night at the first Fall meeting of the Arts Club. ‘The speaker also recited several poems of his own composition. “Tailored at Fashion Park— That’s the secret of superior style and superla- tive quality. These Parktown Worsted Suits At $35 —are examples of what Fashion Park has done to mini- mize cost without sacrifice worsteds and exclusive designs. Same is of former quality. Special Only here, of course. true of Fashion Park Top Coats Exclusive model s—in Camel’s Hair and other F. P. § weaves, at.... 2975 You know a year ago this same type of Top Coat was $50. Glenbrook Worsted Suits Now $2 5 Our tailors have done a wonderful job of readjusting to bring these Suits into production at such a price. Very fine worsted weaves, in nailhead and other of the smart patterns; tailored with exceptional care and character. Single and double breasted, and drape models. New low Glenbrook price for Top Coats $2.75 You'll remember they were $30 and $35 a sea- son ago. and regular shoulders. Camel’s Hair, Tweeds, etc.—in Raglan We are able now to extend Mode service in Shoes We've two of the best makes in the country—full of style; absolute comfort— W hitehall $5 w 58 Of course Foot Savers $850 to 510 there’s no competition in Hats —there never is—for we control the leading blocks, as well as certain of the leading makes— Stetson Finchley ..... .85 Mode Borsalino . The Mode—F at Eleventh ? FO IRETAIL GASH SALES INCREASE SHOWN Credits and Instaliments Off, According to Commerce Reports. Cash sales of retall establishments showed an increase, while open credit and installment sales decreased slight- ly in the first six months of this year, the Commerce Department reported to. day in its fifth semi-annual retail credit survey. ‘The dz:rrtmmt sald that, consid- ering total net sales of all stores re- porting by cities, it was found that all showed 1la decreases in sales. ‘Washington, with a decline of 6.6 per cent, had the smallest and Portland, Oreg., with a drop of 33.1 per cent, had the greatest decrease. Cash Sales Reported. The survey showed cash sales re- ported increased from 45.3 per cent for the first six mcnths last year to 47.5 per cent. Open credit sales decreased from 45 to 43.4 per cent and install- =sc tion and a time tested policy of fairness. Serges Worsteds Cheviots Ete. vy mgt sales decreased from 9.7 t0 9.1 per cent. Despite the tendency to increased buying for cash, open credit and in- staliment. hases continued to make up_the of the total sales volume. ‘The report showed comditions in the retail credit fleld continued relatively stable during the perto‘g examined. he bon Teports from 463 ltudy'ub‘udnp':nnpam More Bad Debt Losses. retail establishmen Bad debt losses increased, according to the department, from 0.8 pe- cent of open aocounts in 1931 to 1.2 per cent in 1932, and from 1.9 per cent on installment-accounts to 3.2 per cent, the increase in both cases amounting, hulwever, to only 0.1 per cent of total cales. ‘Women's speclalty stores did a larger proportion of their business on open credit than any other type, transacting a total of 68.7 per cent of their busi- ness in that manner. Considering all types of credit, furniture stores, the survey found, did the largest propor- tion of business on credit. Durfl:g the six-month period, the sales in this sort of business amounted to 90.4 per cent, as compared with 91.6 per cent in 1931. Shorthand in Irish Taught. Following the order that all govern- ment employes of the Irish Free State must carry out their official duties in Irish, classes in shorthand and type- writing in Celtic are being started by the City of Dublin Vocational Commit- | tee. The enrollment has been large. HAINUCK’ - Over Becker’s FLEET'S SCOUTING .FORGE KEPT WEST Will Remain in Pacific Until After Next Concen- | tration. ‘The Scouting Force of the American Fleet will remain in-the Pacific until after the next fleet concentration has been held, Admira] William V. Pratt, chief of naval operations, announced gay. 'l'hlsd pl::‘z:m provides greater nomy an training . faci 3 = = ilities, Intention of Navy. The admiral's statement follows: “It is the present intention of the Navy Department to keep the Scout- ing Force in the Pacific until after the next fleet concentration, which takes place next Winter. This assemblage of the two forces, the Scouting Force and the Battle Force, permits of a ater degree of fleet.training than is ble during the tomewhat limited time of fleet concentration. “Moreover, being assembled now, it _Schainuck’s are no longer an experiment in the minds of Washingtonians. We have proved that our ; values excel. l.!emember, the economies made possible by low up- stairs ove'rhead, elimination of middleman, and direct to consumer policy enables Schainuck’s to make the First Anniversary in Washington a great celebra- TOPCOATS O'’COATS 2 SUITS 2 TOPCOATS—2 0'COATS Or 1 of Each y B~ These garments are our regular de luxe line that sold last year for $33.50. In these garments you will find everything you would expect in suits selling for $25.00 each today. Hand-tailoring features, fine domestic woolens and the newest styles available. you to “Shop Schainuck’s” and see for yourself. STUDENTS®' SPECIAL SUITS TOPGOATS — 0’COATS Or 1 of Each ‘we must make a slight charge for alterations Sizes 32 to 36 It will pay vpsTAIRs]1 318 F St. NoW. 255, Between the Fox and Palace Theaters, Over Becker’s Open Every Evening Until 9 P. M. been on West Coast -sinte ldst March, when fighting in Shanghai was most inte Ordinarily, it would go to Cuba for Winter maneu A—13 is more economical in the matter of. . oil expenditures for the flieet to operate - in this manner, than to be broken up and later reassembled «fgr the fleet eoncentration.” The Scouting Force fo the Atlantic by Ocf 1. of many officers sttachéd. to The cffictal Navy attitude is that th %vewtmg afl;t:e Scouting” Force on th: est Co: . purely a matter administration and ‘economy. St The Sccuting Force has the ) it were fo the Atlanti vers. % - Later Admiral Pratt tssued orders for the scouting force and Training Squad- ron 1, Base Force, United States Fleet, to remain on the West Coast until eom- pletion of the fleet concentration Mareh 20. - Rays to Trap Smugglers. Invisible rays are employed in & tram being set up by German officials on the ‘western against the army of 70,000 smugglers who have organized a perfect informa- | tion service. and an alarm sounds 1f a person or car crosses the rays. cials immediately where to find the &mugglers. O — frontier in their warfare— The trap is a mile long, This informs the offi- Use 2 Garments Bring a Friend and Divide the Cost Absolute Satisfaction or Your Money Back