Evening Star Newspaper, February 27, 1933, Page 16

A—I6 1.5, CIGAR TRADE IN'FIRM POSITION Industry Has Held Its Own During the Last Few Years. By the Associated Press. ‘With an annual production of 5,000,- 000,060 to 6,500,000,000 cigars, the do- mestic industry has been found by the Tariff Commission to be *“among the largest and most favorably situated in the world.” A report on “the cigar industry and the tariff” soon will be issued by the commission, which has announced that this industry “is of current interest because of the attention aroused by the act to give independence to the Philip- pine Islands and the importance of cigars in our tofal trade with those islands.” The subject also is regarded as im- portant because of the recent transfer from Havana to the United States of a large cigar factory owned by an American company. In tracing the tariff treatment of cigars from 1804 to 1930, the report hows the domestic industry in a strong competitive position. It uses large quantities of domestic leaf and the home market furnishes an outlet for virtually all the production of the continental United States and a con- siderable quantity from Puerto Rico, the Philippines and Cuba, the report showed. A decline in domestic production was noted during the last decade, but this, the report said, “has been due to a falling off in demand rather than to any t"ncrease in competition of im- or many years a duty of $4.50 Eound and 25 per cent ad valorem l;’:: Cuban broducts 1820 per” cont” 108 uc T cent than these figures. o o SOUND MONEY URGED AS REVIVAL BASIS Guaranty Trust Company Makes Plea to Keep Currency at Present Values. By the Associated Press. NEW YORK, February 27.—Govern- mental assurances of the maintenance of sound money, in the opinion of the Guaranty Trust Co. of New York, would do more at the present time to inaugu- rate a business revival than any other one factor. In its monthly review published yes- terday, the bank said that *‘super- ficially, the preponderance of events has been on the unfavorable side”” The seasonal advance in business activity since the yaar end, the bank found, “has been distinctly less marked than usual” and “confidence has been im- paired by a reappearance of rather seri- ous banking disturbances in some parts of the country.” “Since the one absolute prerequisite to credit extension is confidence in the future soundness of the currency,” the review states, “it. follows that the most constructive action that Congress could take at the present juncture would be to give some convincing assurance that sound money would be maintained—first, by balancing the budget, and, second, by adopting a resolution definitely op- posing drastic currency inflation in any form. Such a commitment would do far more to foster business recovery than all the public funds that could possibly be forced into credit channels. “Recent events have shown that a further period of readjustment is re- quired, and the next few months are likely to constitute such a period.” DAVID PENDER GROCERY REPORTS YEAR'S NET Dayid Pender Grocery Co., which operates many stores in Virginia, in re- port for year ended December 31, 1932, shows mnet profit of $5,014 after de- reciation, Federal taxes, etc., equiva- ?cnt to 16 cents a share on 30,207 no-par shares of $3.50 class A pre- ferred stock. This compares with net profit of $122,822 in year ended January 2, 1932, equal after dividend require- ments on class A preferred stock to 26 cents a share on 65,070 no-par shares of commen stock. Net sales for year were $11,546,151, against $14,387,103 in preceding year. Current assets as of December 31, 1932, including $408,792 cash, amounted to $1,595725 and current liabilities were $318,312, comparing with cash of $390,799, current assets of $1,871,933 and current liabilities of $449,076 on January 2, 1932. Middlesex County, England, has barred coffee booths from highways. Washington Produc WHOLESALE PRICES. Butter—One-pound prints (93 score), 23; tub, 22; one-pound prints (92 score), 22; tub, 21; oae-pound prints (91 score), 21; tub, 20; one-pound prints (90 score), 20; tub, 19, Eggs—Hennery whites, 13al4: current receipts, 12a13; Government graded ex- tras, 18; standards, 16; mediums, 15. Poultry, alive—Turkeys, hens, young, 16a20; old, 12al4; toms, 13al4; old, 8a 10; chickens, hens, 10all; Leghorn hens, 8a9; Winter chickens, 12al4; stags, 8810; roosters, 6a7; Plymouth Rocks, broilers, 18a20; fryers, 17a19; roasters, 17a19; mixed colored chick- €ns, 14a16; keats, young, 25a40; old, 15a 20; capons, 7 to 9 pounds, 18; 5 to 6 pounds, 15. Pouliry, dressed — Turkeys, hens, young, 19a23; old, 15a17; toms, young. 16al7; old, 11a13; chickens, hens, 13a 14; Leghorn hens, 11a12; Winter chick- ens, 15a17; stags, 11a13; roosters, 9a10; Plymouth Rocks, broilers, 21a23; fryers, 20a21; roasters, 20a22; mixed colored chickens, 17a19; keats, young, 28a43; old, 18a23; capons, 7 to 9 pounds, 21; 5 to 6 pounds, 18. Meats—Beef, 11;- veal, 13; lamb, 14; pork loins, 10; fresh hams, 11; smoked hams, 13%; strip bacon, 1212; lard, 7%; compound, 7. Fruits—Apples, fancy box 1.75a2.00; bushel baskets, peaches, 3.25; pears, plums, 350; apricots, tarines, 3.50; mandarines, dozen, 40a 50; oranges, 2.50a3.50; lemons, 3.50a 4.50; tangerines, 2.00a2.25; grapefruit, .25a2.75; limes, per 100, 2.00; bananas, 1.50a2.00; alligator pears, 3.5024.50; honeydews, 2.50a3.50; pineapples, 3.00a 4.00; Spanish melons, 6.00a7.00; kum- quats, quarts, 20; rhubarb, 40a50; cran- berries, 3.25; grapes, Almeira’s, Argen- tina, 350; California, 2.50a3.00; straw- berties, 4.0026.50. Vegetables—Potatoes, Maine, 1.25; New York, 1.00a1.15 2.00; Idaho bakers, crates, 1.508 broccoli, 3.00; , 1.50; string peas, 2.00a3.00; 00; peppers, 1. a , 30a40; spinach, Texas, 1.40 al.50; Norfolk, 1.00; asparagus, Florida, crates, 5.00a12.00; hot. house, 2-dozen bunches, 5.00; mush: , 65290; cab- bage, new, 65a75; old, 75a90; salsify, per dozen, 60; lettuce, iceberg, 2.75a 3.00; squash, 1.75a2.25; eggplant, 2.50a 3.00; beets, crates, 1.25; carrots, crates, 1.25; cucumbers, 3.00a4.00; celery, 1.75. Dividend Meetings. NEW YORK, February 27 (P)— Dividend meetings are scheduled for this week by several important com- panies. Those on the list include: Loew’s, Inc.; P. Lorillard, Reynolds To- bacco, Singer Manufacturing, Standard Oil of Kentucky, McKeesport Tin Plate, American Water Works and American Power & Light. Directors of the last named cre due to take action on the preferred stock payments. OCAHONTAS STOVE COAL 39.50 The ideal soft coal for het- water or dry-air turna. All lumps and well acreened, 2240 pounds in every tom. Stove Size, $9.50 Egg Size...$9.75 There is no better seft coal than Pocahontas. AIRMONT EGG COAL s7 65 One of the cheaper grades of soft coal quite generally used in hot-water furnaces. Has somewhat the outward appearance of hard ecoal and is well prepared ana screened. Full weight of 2210 pounds ran ington, also Mt. Rainier, Brentwood, Cetiage City, Colmar Manor, Deanwoo and Anacostia. We also handle all sizes of Penn- sylvania hard coal. B. J. WERNER 1937 Fifth St. N. E. NOrth 0079 NOrth 1710 NOW ON SALE § AT ALL STORESs RESS CLOTHES for men and women, chosen with taste and dis- cretion, from our Third, Second and Main Floor Fashion' Departments! Correct, infpeccable clothing and accessories for the Inaugural Ball! We cordially invite you to visit with us tomorrow! We guarantee deliveries in time for Saturday’s festivities! Sheldon Montagnac Ches- terfield Overcoat, with vel- $33450 vet collar (Becond Floor, The Hecht Co.) Formal Evgnjng Wrap of collared; misses’ sizes.... (Third Floor, The Hecht Co.) Dinner-tex Tuxedo, of fine black worsted; finely tai- $30.00 d (Second Floor. The Hecht Co.) Frock of Black Chiffon— the Coq’s Feathers in pink SI 650 organdy; sizes 14 to 20.. (Third Floor, The Hecht Co.) Accessories for Men Manhattan Full Dress or Tux Shirts ... $2.00 - Black or White Dress Ties . ... .... $.00 Dress Collars, 35¢ . . . . Phoenix Socks, 75¢ Finely Made White Silk Mufflers . . . . $1.95 Grey or White Dress Cloves . .. ... $350 A beautifully-cut and Tai- lored Society Brand Full 55000 Dress Suit (Second Floor. The Hecht Co.) Gown in Peau D’Ange lace with low-cut Decol- $|650 lete; sizes 38 to 44 (Third Floor, The Hecht Co.) Accessories for Women 16-Button Gloves in Fine White Kid . . $4.95 Gossamer Sheer Hose from Van Raalte, $1.95 Evening Sandals, gold and silver . . . . $6.00 Pearl and Rhinestone Formal Bags . . .. $1.95 Lovely Rhinestone Clips . .. . $1.00 to $495 This_handy carton holds six bottles of Royal Pilsen—easy to carry— convenient to wse—and compact to Evening Corsette with deep-cut back .. $5.00 Pendant Ear Rings . ... ... $1.00 to $495 Bourjois’ Perfume—Evening in Paris . .. . $L10 Full Dress or Tux Jewelry Sets . . . . . $1.95 keep in even the smallest apart- > o £ ol o Black and White Pioneer Braces . . ... $1.50 BNER DRURY'S The new Croquignole Permanent Wave, $10.00 Corgeous Rhinestone Bracelets, $1.00 to $4.95 Sheldon Silk Hats (for day) . < .......$I0 Footmodel Black Patent Shoes . . . . .. $6:00 Sheldon ‘Cutaway and Vest (for day) . . $35 Smart Rhinestone Evening Bags . . . . . $295 Striped ‘Trousers, for Cutaway . . $8.50 & $10 Cirisp Organdy Flowers, dot embroidered, $1.00 Ingugural Ball Tickets for, Saturday, March 4, on sale on the Main Floor, $5 each