Evening Star Newspaper, December 9, 1932, Page 13

TRADE GAIN BRINGS | RUSH OF REORDERS Retail Sales Volume Forces Many Wholesalers "to Speed Deliverfes. Bpecial Dispatch to The Star. NEW YORK, December 9.—Increased retail trade volume, resulting from Christmas buying, has so lowered in- ventories in the last few days that wholesalers here have received numer- ous reorders for holiday .merchandise for immediate delivery. Industrial operations, however, have | receded slightly from a week ago, | though some lin lik> textiles, where preparations for Spring lines are being made, have maintained production above the average of a year ago. Retail sales gains at this season sdre important, for some concerns depend on such business to keep from failing at or beforé the year end. Commercial fallures, because of accumulated obliga- tions, always increase in December even in good times. This year the increase has been less than seasonal. Christmas purchases in many cities to date have exceeded in unit volume, though not in dollars, those for the same period of last year. Most prices, however, are the lowest in a decade, which naturally reduces total sales, Last week the emphasis W most _entirely on practical gift: ‘wearing apparel, accessoris hold articles, but in the demand for novelties, jewe! perfume has quickened Quality Stressed. Response to toy promotions has been good, thotgh it is noticeable this year that the local department stores are employing fewer demonstrators than a year ago: Everywhere merchants are stressing quality, though popular-priced | s items naturally are moving more freely than those in the higher-priced brackets. ‘Commenting on this trend, R. G. Dun & Co. observes that “there is a tendency on '.hexn of retail trade to stiffen , With a similar trend developing in the wholesale and light manufac- turing fields.” Indeed, this was the theme of the business ‘world here this week—"busi- ness at_a profit.” Several concerns flatly refused orders that promised them ‘no profits. One of them, the Slater Co,, finishers, informed the trade that “we'will no longer process work on which we cannot obtain a fair re- turn on & normal basis of operations.” “Trade in towns which depend on farm buying” Dun’s reports, “is slow, and many good sized Central Western comm s have deferred their dis- plays of holiday goods until mid-De- cember, in contrast to the first of the month, which heretofore has been the universal date for the inauguration of the Christmas selling season.” Due to Coal Movenient. The current rise in car loadings is | #aid to be due almost entirely to coal movements, as cold weather reduced the small piles of such fuel, Most of the buyers here this week, aside from those looking over Spring lines, sought to fill in requirements, for their pre-holiday promotions met better than expected response. The former class of purchasers bought sparingly of high-grade, full-fashioned hosiery, but freely ordered rayon underwear sets. Buyers also replenished stocks of men’s furnishings, especially items like rayon bathrobes, ensemble rayon underwear, muffiers, silk shirts, gloves and suspend- ers. ‘The 15 per cent wage increase to tailors means an'advance in the price of _men's Spring clothing. Pewter ware snles. 5o, wholesalers say, are down 20 cént _from a year uo | but small - eleetrical beverage- sets. are meet! eased de- ‘ u- trunk’ man Teport’ satisfactory holiday with'a year ago. Hard- dy. Rubber gocds show no Ml of immediate improvement. (Copyright. 1932.) REICHSBANK REVEALS CHANGES IN CONDITION BERLIN, December 9 (#)—The Reichsbank statement as of December 4, shows the following changes in Reichsmarks; gold and bullion de- creased 23,160,000; reserve in foreign currencies increased 4,188,000; bills of exchange and cheques decreased 48,- | 595,000; silver and other coins increased | ,586,000; notes on other banks in- creased 4,542,000; advances decreased 105,840,000; investments increased 1,- 277,000; other assets decreased 9,282.- | dollar {2 Washington Produce Butter—One-pound prints (93 score), 27; ~tub, 26; one-pound prints (92 scur!) za mh m’is one-pound prints S—Hmnery, whtws, 32a35; current receipts, 30a32; Government graded extras, 36; standards, 34; mediums, 29. Poultry,” -alive—Turkeys, old toms, 10a12; old hens, 12a13; young toms, 14; young hens, 16; No. 2's, 9a10; chickens, Plymouth Rocks, 4 pounds and over, 14al5; 4 pounds and under, 12al3; mixed colored chickens and 9al2; hens, 4 pounds. and over, 14a15; capons, 7 pounds and over, 20a22; small capons and roasting chickens, 15al8; keats, old, 20a25; young, 25a35; roosters, 7a8 Poultry, dressed—Old toms, 13a14; old hens, 14al6; young tems, 17a20; young hens, 18a20; No. 2's, 11al3; chickens, Pl)mnum Recks, 4 pounds and over, 7; 4 pounds and under, 14al6; 7 pounds and over, 23a25; olored chickens and Leghorns, 14216, small capons and roasting chickens, 16a18; roosters, 10a12. Meais—Beef, 11; veal, 11; lamb, 14; pork loins, 10; fresh hams, 10; smoked hams, 12%; strip bacon, 13; lard, 7; compound, Live stock—Hogs, light, 3.00a3.50; medium, 3.0033.50; heavy, pigs, 3.00a3.50. roughs, calves, 3.00a5:50; lambs, snnasso Game—Rabbits, 1.80a3.4 Fruits—Apples, bushel, Wll&l! box stock, 1.758200; pears, 2.5038.00: bananas, 2.00a3.00; oranges, 3.00a3.50; lemons, 4.40a5. tangerines, 2.50; grapefruit, 2.50a3.50;: grapes, 1.25a1.75; honeydews, 2.00a2.50; alligator pears, 2.25; Christmas 2 immons, 1.25a1.50; . 2.00a2.75; pineapples, 4.00. —Fotatoes, 100-pound sacks, ¢ Maine, 1.25; 1.6521.90; sweets, bushel, beans, 4.50a5.00; limas, liflower, 1.5021.75; beets, carrots, crates, 3.00; cab- bage, red cabbage, 1.50; Kkale, 25a50; spinach, 50a90; peas, 4.0024.50; mushrooms, 65a%5; tomatoes, Californ! lugs, 1.25a1.75; repacks, 1.50; onions, sacks, 60a75; celery, 1.50a2.25; eggplant, 100 bunches, 5.00; peppers, 2.25 ; lettuce, Iceberg, 1.50a2.50; cu- cumbers, 7.00a8.00; squash, 2.25a2.50; broccoli, 3.00a3.5 rtichokes, 3.25a3.50. GAIN IN HARDWARE SALES GRATIFYING Pre-Thanksgiving Trade Much Bet- ter Than Expected—Factories Kept Busy With Orders. crates, 3. Special Dispatch: to The Star. NEW YORK, December 9.—The pre- Thanksgiving hardware sales were gen- erally better than expected, even in dollar totals, Hardware Age will say { today in its ‘market summary. Wintry weather has started needed purchasing in various lines and the Christmas sell- ing of toys and practical gifts of utility is swinging into full seaconal volume. Many stores report early holiday volume better than last year, largely because this season, as never before, dealers have reduced their retail prices in line with today's record low cost. In staple lines, articles of the type which are quickly used up by the pur- chaser, or which have a relatively short life in service, continue to show greater activity than do goods of more able nature. Federal Reserve reports on wholesale trade from most sections of the country reveal that hardware sales are still being maintained at better levels than are most other lines of busi- ness. With the prices for live stock so low that many farmers prefer to do their own slaughtering, the home. killing of hogs and sheep is on & larger scale than for many years. As a&:result, b\lt;cher‘s1 cutlery, meat choppers; lard prescers, pressure codkers, canming supplies and | kindred items are in excellent demand. | Because of late buying, manufactur- ers of household electric appliances are running behind ‘on deliveries. Whole- salers are warning their salemen that custcmers who do not anticipate thel: requirements are likely to be appointed in last-minute deliveries. @ A survey just completed by the to) F trade group indicates that this year's toy sales will total about $200,000,000, or only 15 per cent below last year's level. One of the leading manufacturers of toy trains has been operating day and night with a 500-name pay rcll. VALUE OF CBRI—STRUCTION CONTRACTS UP SHARPLY NEW YORK, Degember 9 (#).—Engi- neering News-Reeord estimates the THE EVENING BALTIMORE CREDIT OFFICE WILL OPEN Temporary Regional Quarters of Farm Aid Body to Be in Charge , of Petersburg, Va., Banker. BALTIMORE, Deeefl;bell;‘l) (Sprychalg —Temporary offices of e New] - poRe)é’m“ Agricultural Credit mu n of Baltimore will be npeneq .| Monday the First National Building, according to Charles E: me- man,. president of the new corporation. L. A. Wingo of the Petersburg, Va., Savings and American_Trust Co., will be in charge of the office as executive vice president. Territory of the Regional Agricultural Crédit Corporation of Baltimore in- cludes _Maryland, Pennsylvania, Vir- ginia, West Virginia and Delaware, about the same district served by the Federal Land Bank of Baltimore. It is affiliated with the Reconstruction Finance Corporation and its particular field will be the financing of almost anything a farmer has to finance ex- cept land, including live stock, crops and equipment. Bosides Mr. Rieman, other Maryland members of the board of directors are Miles H. Fairbanks, secretary-treasurer of the Maryland Farm Bureau Federation, and Clarence V. V. Snyder, banker and farmer, of Hagerstown. CHARTER IS GRANTED ALEXANDRIA COMPANY RICHMOND, Va., December 9 (Spe- cial).—A charter has just been granted | the Economy Gas Generator, Inc., of Alexandria, with authorized maximum capital of $50,000. Officers were- listed as Alfred A. Stevens, Atlantic City, N. J., president; Fred N. Hagermann, jr., Vienna, Va, vice president, ond Emil W. Shroeder, 914 M street north- west, Washington, secretary, DIVIDEND IS DECLARED BY ANCHOR CAP BOARD BALTIMORE, December 9 (Spe- cial) —The board of directors of the Anchor Cap .Corporation has declared a quarterly dividend of 15 cents on the company's common stock, payable Jan- 1u:\ry 3 to holders of record December 2 In the previous quarter the pay- ment was 30 cents a share. I R. Stewart, presiden:, stated that | the company’s current position is strong, with no bank loans and no funded debts, but that, in view of de- creased earnings, conservation of re- sources had been deemed advisable. Hahn’s DECEM C NTINUES to opportunities. ter dress and school standards! Junior women’s smart Winter sports or dress styles—all, way under price. Sizes 3 to 9, .~s;>‘ : STAR, W Gold Seems-Cheap At $20 an Ounce Same Quantity of Rarer Elements Costs as High as $4,800 BY the Assocated Press, PASADENA, Calif, December 9.— Gold &t $20 an ounce is not worth so much—by comparison. A Dr. Arthur 8. King, Mount Wilson Observatory thmt. who_ frequently shops about for rare elements, pointed today to & group of late gram quotations which, translated into per ounce figures, were: Rhenium, $4,800. Gn].h’um $4,800. Qsmium, $3,800. Rhentum, he remarked, has come down. It used to_sell for upward of $20,000 an ounce. It is the second most mrrnctory metal known, yet can be re- duced to vapor in Dr. King's electric furnace which creates temperatures up to 6,300 degrees Fahrenheit. Diamonds melt, readily in it, although he has not etb!rlmmbed with them a great deal. King is chatting the identifying xpecuucoplc patterns of known ele- ments and noting changes they undergo at different temperatures. The infor- mation complled llda Mount Wilson as- tronomers in estimating the distances of stars and finding what they are made of. “I needed some metallic hafnium a while back,” he said, “and finally lo- cated some in a laboratory in Holland. They were experimenting with it as an | alloy in light filaments and would not sell it. However, they gave me the loan of a plece about an inch long and 0.16 of an inch in diameter. I returned | what I did not use.” house, com- Liberal Time Payments lete with 5 MUDDIMAN ;. ulbs, fix- 911 G St. Nat’l 0140-2622 8ix - room. = tures, etc. Close Saturdays 1:00 P.M. big annual ER SALE JUVENILE SHOES offer unprecedented thrift Thousands of newest Win- shoes. Savings averaging $1 a pair . . . even measured by “Hahn” qlu Misses’ oxfords in combinationg of color- ed calf and pig. Also, oxfords and straps in black calf and patent, ‘“"w,.-uuqul,,umuflll \‘m In Science Study/ SHINGTON, D. C., FRIVAY, Di. .. UNITED STORES RENEWS | OFFER TO STOCKHOLDERS - NEW YORK, December 9 (#).— United Stores Corporation, holding a large interest in United Cigar Stores Co., has rewopened to its preferred stockholders the offer made last March to exchange the shares for 6l per cent debentures of Tobacco Products Corporation of New: Jersey, The offer will expire January 16. venmg Sandals i f NEW YORK, Detember 9—Eiecu- com) tlmwmlw nmm thehvm %:mq by the demsity of as large as 3 crowds which may he seen in the stores. It is said that the size of the average sale is running well below that of a year ago. Buying of dry goods for Sprln( by | last the primary | by manufacturers. are in is reported in textile cir- | fair volume, but insufficient to make up wholesalers has started in markets, it Make Gorgeous Gifts! Current sales are. may be th-h:ndotfl:e-mum TR T RS Shipping Volume Large. CHICAGO, December 9 (#).—Brad- t’s weekly review of Chicago com- Women’s Shops 1207 F 7th & K *Open Nights *3212 14th and now many of our lovely “Dynamic” $6 styles are added to our peerless presentatlon at '3 Evening Sandals that were matchless at $6 ... now $3.95! Silver and gold trim, black, red, green or white velvets — multi-color paisleys and brocades — brown, black and white satins, crepes and raydot—gold and silver kids —for only $3.95 Pair! At dll our Women's Shops regm nyl that the vnl- $1.95 Back-strap mules and sandals—black satin- lined in green, coral, peach or French blue. $1.95 Black satin D'Orsay slippers—inlaid vamp trim of red, green, blue or gold satin. $2.95, Black or colored vel- vet, dyeable satin or paisley " brocade, gold trim “Hostess” dey- jama sandals . 000% notes in circulation decreased 9,,_r\aluc of heavy construction contracts 195,000; “other maturitig obligations de- | g ca¢ Week ended December 5 at creased 65417,000; other liabilities de- | 20005000, or 88000000 above -the e WS average for the previous four weeks, e e R Two large Federal building contracts Note coverage, 26.7 per cen:, helped swell the volume. Rate of discount, 4 per cent. XTESE -—ii i Kresge Sales ch]xne. Regular Dividend Voted NEW YO}TK' December 9 (#).— November sales of S. S. Kresge Co. BALTIMORE, December 9 (Special).— | aggregated $9.841,370, a decrease of 12.3 ‘The board of directors of the Finance | per cent from 1931. In the previous Co. of America, at Baltiniore, has de- | month volume was 15.9 per cent under clared the regular quarterly divid v1< a year ago ofdlol ceng a share };)n the class A and class B common shares, 439 cenv\ on the $25 preferred and 8%, cents a Unlmes Suffer Least NEW YORK, December 9—In 1932, as in 1931, public utility stocks suffered share on the $5 preferred, d” payahle January 16 to holders: of record Jan- fewer dividend casualties than other important investment groups, and this uary 5. | record still holds in spite of the action | DIVIDENDS ANNOUNCED of the American Water Works Co. yes- dm:w YORK, December 8 (7) terday in halving the annual rate on lends declared. | the common stock. * Several major util- ity companies are still disbursing as | much to stockholders as they were be- » | fore_the_depression. Bridge slippers in black or colored kids—also, black rayon with rosettés or stripes of contrasting color. 6 pretty styles. Satin D'Orsay Sandals in black, green, Salmon pink, French blue, sea Rugged oxfords for green, trimmed in gold. rough - and - tumble boys. Scotch grains, and black or brown calfs. Sizes to 6, Small boys’ and girls’ Winter oxfords, built on orthopedic lasts, flexible welt soles. Sizes 6 to 1315 only, |||mlll||““““ Xmas Slipi)ers—-59c, 79c At 79¢ Tomorrow Ends SALE —1 500 Pmrs this Sale of B e “Hahn Special” S\RF @fi%fi&%fifi}w@&’mflf % © Suedes Arch-Shoes At 7th St. and “Arcade” stores only, ~Divi- e ] Aoy s RE et Conn River Bk Honomu Sugar Hawalian Agricu! Wailuku Sugar, RS Watches, Diamonds and Jewelry— . Suint Yiprimen below their actual ROSSLYN LOAN (& 08 Rosslyn, Va. Sonth_End of Key Bridge Girls’ feathered boudoir slippers, just like Mother wears—sizes to 3. Boys' Indian Moccasins. And other attractive styles. Children’s Lambswool Moccasins—with bunny heads, in 3 colors. Boys’ Storm Special, ,..59 ., Dec.3] Dec Inereased. Willimantic Tr (Ct).50c Q Deé” Reduced, Conn River Bkg At 59¢ -~ Alu; Good- Mig. .. .10¢ Furfee Trist (Fail iy \‘r:. Mass) § N-' Bcreen Service T has been a perfectly wonderful Sale! Hun- dreds of women have been ‘“converted” to “Dynamic” Arch Shoes—by their exquisite com- fort and perfect fitting qualities. But tomorrow, Iast ¢hance to buy them at $3.90! 50 Q1 Sensational mark - down of many popular Suede Winter fashions in our good “Hahn Specials.” Two-thirds are brown suedes — balance black, wine and green suedes. ug ol ()m tied, “RO hles.’ Something entirely new for High School boys and girls. Heavy weatherproof, rough- finished tan suede- like sports shoes. They're ~ real |eg|al= and priced at only $2.95 Junior Women’s low heel “Kiltie” or high- er heel wing tip sports oxfords. Sizes 3 to 7. Boys' and young men's plain toe brogue or blucher oxfords. 214 to 10. Am Pork & Hoe Resular. Alles & Pisher e G Axton Fisher Tob A ic Effif‘fi\fi? Fifteen popular styles. Both the new “Featherweights” and the heavier, welted sole Service types—oxfords, straps, suedes, kids, Sizes in this group now somewhat depleted—but we aim to carry sizes to 11, AAAA to EEE—in stock at all Sale, at all our stores—ends to- patents, Styles pictured .and America’s Greatest New Motor Car Announcement You Have Been Waiting Months to Hear others—at a substantial Only $225 pair—tomorrow! Hited reduction. morrow. Monogram GIFT CHESTS... our Chnstmas Glft with each 3-pair purchase of “Lady Luxury” the silk hose that women love best! Priced—57¢, 79c¢, %1, $1-%5, $] 95 Souvenirs! Santa Claus JigSaw puzzles—lots of fun— given with purchases. 1 Nll Bk OY Bu& 0c flm Nat Bk 5 Sesonville] (3 Will Appear in a Xmas Hose Stockings and sports socks— new designs color ef- Full Page Announcement in Sunday’s Star 24 ialia Wat C Bed. Befltiae P g p 3 <31 and Motorists can save up to fects. 50% on present new 4 prs. 95¢ motor car values “Juniortown” 1207—F 7th & K 3212—14th Ion -rmnnn,& s Hold & A 1.