Evening Star Newspaper, March 8, 1933, Page 7

HAVE SHOWN GAINS Advance Started Before Banking Crisis and Has Been Steady. BY CHARLES F. SPEARE. @pecial Dispatch to The Star. NEW YORK, March 8—The move- ment of commodities this week suggests that the country is entering a period of inflation. The question is whether it is a true and orthodox trend or only temporary and in response to certain emotional reflexes In a situation not yet clearly defined. One fact that should be taken into consideration before stamping the com- modity Tise as the beginning of & pro- gressive advance is that this started be- fore the banking crisis reached a cli- max. There had been evidences of pro- Tnounced strength in certain speculative staples a week before the banks were closed and an embargo placed on gold. The common belief was that such com- modities s wheat and cotton had Teached the lefel of complete deflation and that on the basis of prices so much lower than productive costs they were in the group of profitable investments. Stocks in Demand. ‘The movement in silver was mainly predicated on the possibility that the | white metal might assume a broader function in the moneta ystem of the country. There was much surprise over. the action of stocks on Friday in the face of banking conditions throughout the country, recognized as extremely dangerous and not ordinarily helpful to security markets. Yet stocks were strong that day, while bonds were ex- tremely weak. Here again the impulse to purchase “equities” was to some extent the same as that in commodities—namely, their deflated condition, which had been real- ized for weeks and had only been ig- nored because of the steady fall in the price of bonds. There was also an ex- planation of this anomalous situation growing out of the belief that the New York Stock Exchange might be com- peiled to close, leaving those who were short of stocks in an embarrassing posi- tion. The issuance of clearing house cer- tificates or other forms of scrip might be held as a basis for inflation, on the score that it increases the supply of arculating medium. ~ However, such emergency substitutes for currency can- not be said to have the same infla- tionary effects as those propelled into the money markets of the country for the direct purpose of accomplishing in- flation. Clearing house certificates or scrip cannot be forced on the public, which will use only encugh of them to accomplish its routine business (unt-‘ tions. It is quite a different matter | than setting the printng presses of the | Government to work and feedng out “fiat” money on a larger-scale. On the other hand, there is the fact to be considered that an embargo has been placed on gold and that, tech-| nically, the United States is tempo- rarily “off gold.” The general belief in| banking circles is that, although the[ national bank “holiday” may be lifted on Friday, the period of gold embargo will be extended at least for another| week and possibly longer. This would, | of itself, lead to a certain amount of inflation. The experience of Great Britain, after abandoning the gold standard in Sep- tember, 1931, was that of an immediate, though not very substantial, rise in commodities, but subsequently the fail- ure of this movement to expand. This| would be the hope of those who have swung around to a mild form of in-| flation In order to lift the price level of commodities to a point where it would permit producers to obtain enough for their products to enlarge their purchasing power and pay a por- tion of their debts. The management control of inflation has been quite suc- cessful in England. The expectation in some quarters is that it could be du- plicated here. On the contrary, those who have feared inflation and have resisted it in every way possible believe that once the movement started in this country, where the demand for it in the West is so strong, it would soon | run beyond control 2nd lead to serious consequences that would permanently affect the credit of the United States. Recent Averages. ‘The duration of the gold embargo act will depend on the degree to which de- posits are returned to the banks after the proposed relief legislation is en- acted. If this restores the confidence of bank depositors it should bz only & short time before deposits expand suf- ficiently to remove all danger of a threat to the gold standard, lifting the reserve ratios of the Federal Reserve banks to a figure considered safe for them to operate on their former basis. So, while the commodity rise may at the moment appear to be a symptom of inflation and undoubtedly expresses the conviction in many minds that the coun- try is moving toward a higher price level, it is also to be remembered that the recent commodity average was about the lowest in modern economic history, and that this had begun to create ‘a strong respect for speculative commodities and speculative securities some time prior to the national bank- ing “holiday.” (Copyright, 1 SUGAR REFINERS REPORT INCREASE IN EARNINGS By the Assoclated Press. NEW YORK, March 8 —The Ameri- can Sugar Refining Co. today reported 1932 net profit of $4.327,986, equivalent | after preferred dividends to $2.62 a| share on the common stock. ~This| compares with $4,155,031, or $2.23 aj share, in 1931, The incrcase in net applicable to the common stock was largcly due to savings in interest cherges in connec- tion with a further redemption - of bonds. Operating profits amounted to $5,349,459, compared with $5,658,987 in 1921, #ash on hand was $14,870,944 at the end of the year, compared with $17,003,460 at the close of 1931. N FIDELITY STORAGE CO. RE-ELECTS OFFICERS At the first meeting of the new beard of directors of the Fidelity Stor- age Co., held at the office of the com-; pany, at 1420 U street, the present offi- | cers wcre re-clected. The officers are David Brewer Kar-| rick, president, a grandson of the late Justice David J. Brewer of the United States Supreme Court, first president of the company, and Clifford J. Lipp, secretary and treasurer. The new directors are Frederick de C. | Faust of Sherley, Faust & Wilson, and Eugene B. Roberts of Randall H. Hag- ner & Co., who were elected at the annual meeting of the stockholders, quall 33.) fied and took their places on the board. | 1.1021.25; cabbage, per ton, 14.00a15.00; | 1.50; strawberries, quart, 17a22; grape- 'WHOLESALE PRICES. Butter—One-pcund prints (93 score), 22; tub, 2 one-pound prints (92 score), 21; tub, 20; one-pound prints (91 score), 20; tub, ;. _one-pound prints (90 sccre), 19; tub, 18. Eggs—Hennery white, 14al413; cur- rent receipts, 1212a13}; Government graded, extras, 192; standards, 18; mediums, 17%. Poultry, alive—Turkeys, hens, young, 16a20; old, 12al4; toms, 13al4; old, 8a 10; chickens, 13; hens, 10al1; Leghorn hens, 8a9; inter chickens. 12al4; stags, 8al0; roosters, 6a7; Plymouth Rocks, broilers, 20a22; fryers, 17al9; roasters, 17a19; mixed colored chick- ens, 14a16; keats, young, 25a40; old, 158 20; capons, 7 to 9 pounds, 18; 5 to 6 pounds, 15. Poultry, dressed — Turkeys, hens, young, 19a23; old, 15a17; toms, young, 16a17; old, 11a13; chickens, hens, 16; Leghorn hens, 11al2; Winter chick- ens, 15a17; stags, 11213; roosters, 9a10; Plymouth Rocks, broilers, 21a23; fryers, 20a21; roasters, 20a22; mixed ed | chickens, 17a19; keats, young, 28a43; old, 18a23; capons, 7 to 9 pounds, 31; 5 to 6 pounds, 18. Meats—Beef, 11; veal, 13; lamb, 16; pork loins, 16; fresh hams, 12; smcked hams, 14; strip bacon, 14; lard, 7%; compound, 7. Live stock—Hogs, light, 3.2524.00; medium, 3.25a4.20; heavy, 3.25a4.00; pigs, 2.75a3.75; roughs, 2.00a3.00; calves, 3.00a5.50; lambs, 3.00a6.00. Fruits—Apples, fancy box 1.75a2.25; X & 1 peaches, plums, 3.50; apricots, | tarines, 3.50; mandarines, dozen, 40a 50; oranges, 2.50a3.50; lemons, 3.50a 4.50; tangerines, 2.00a2.25; grapefruit, 2.25a2.50; limes, per 100, 2.00; bananas, 1.00a2.50; alligator pear:s, 3.5024.50; honeydews, 2.5023.50: pineapples, 3.00a | 4.00; Spanish melons, 6.00a7.00; ki quats, quarts, 20; rhubarb, 40a50; cran- berries, 3.25, grapes, Almeira's, Argen- tina, 3.50; California, 2.5023.00; straw- berries, 5.50a6.40. Vegetpbles—Potatoes, Maine, 125; New York, % ne i nec- | broccoli, 3.00; 150; string peas, 2.75a3.00; lima ppers, 1.50a2.25; kale, 50a1.25; mushrooms, per dozen, 60; lettuce, iceberg, 3.00a3.25: squash, 1.7582 eggplant, 2.50a3.00: beets, crates, 1.2: carrots, crates, 1.25; cucumbers, 4.00n| celery, 1.75; cabbage, new, hamp- , 1.2521.50: old, sacks, 90al.0f asparagus, 2.50a6.00; caulifiower, 1.75a 2.00; corn. Florida, 3.00. Baltimore Markets Spectal Dispatch to The Star. BALTIMORE, Md., March 8.—White potatoes, per 100 pounds, 85a1.00; new. bushel, 1.40a1.65; sweet potatoes, bush- el, 40a85; barrel, 1.00a1.50; beans, bushel, 1.25aZ.00; beets, per half crate, carrots, bushel, 50a60; cauliflower, crate, 1.50al celery, crate, 2.40a2. egg- plants, crate, 1.50a3.00; lettuce, crate, 023.00; onions, per 100 pounds, 1.00a ; lima beans, bushel, 3.00a3.50; peas, 2.00a2.75; peppers, bushel, 50a1.00; spinach, bushel, 75a1.25; tomatoes, lus 1.00a1.75; squash, bushel, 75a1.00; tu: nips, basket, 20a30; apples, bushel, 35a fruit, box, 1.75a2.50; oranges, box, 1.75a 3.50; tangerines, half box, 1.00a1.50. Dairy Markets. Live poultry—Turkeys, hens, pound, 20; gobblers, 16a17; old hens, 18; old toms, 15219; capons, l15al9; young chickens, 14a16; all kinds, poor and thin, 8210; broilers, 16a20; old hens, 11a 12; leghorns. 10all; old roosters, 7a9; ducks, 12a13; geese, 10al5; guinea fowls, each, Z5a45; pigeons, pair, 15a20. Eggs—Receipts, 1,546 cases; current receipts, 133;; duck eggs, 16a20. Butter—Good to fancy, creamery, | pound. 17a20; ladles, 14al5; storei packed, 10all; process, butter, 16. Cattle and Live Stock. Cattle—Receipts, 50 head; steady: good to choice, 4.7525.00; medium to good, 4.50a4.75; fair to medium, 4.00a 4.50; plain to fair, 3.50a4.00; common to plain, 3.00a3.50. Bulls—Medium to good, 3.00a3.25; fair to medium, 2.50a 3.00: plain to fair, 2.25a2.50; common | to plain, 2.00a2.25. Cows—Medium to ! good, 3.00a3.50; fair to medium, 2.50a | 3.00; plain to fair, 2.00a2.50; common to plain, 1.50a2.00. Heifers—Good to choice, 4.5024.75; medium to good, 4.00a | 4.50; fair to medium, 3.50a4.00; plain! to fair, 3.00a3.50; common to plain, 2.50a3.00. Fresh cows and springers, ' 30.00a60.00. Sheep and lambs—Receipts, 50 head; steady; sheep, 50a2.50; lambs, good to choice, 6.3586.75; common to medium, 3.0085.75. Hogs—Receipts, 300 head; lower; lights, 4.3024.75; medium to good, 4.30&| 475, heavies, 3.80a4.55; roughs, 2.55a 3.65; light pigs, 3.30a3.85; pigs, 4.05a 4.55. Western hogs 10-20 higher. Calves—Receipts, 25 head; steady; good to choice, 6.00a6.50; common to medium, 4.00a5.50. BANKERS WILL DISCUSS | PROBLEMS OF HOLIDAY | * ‘The fiduciaries section of the Dis- trict Bankers' Association will hold a| special meeting at 5 o'clock this after- noon at headquarters in the Bond Building, according to notices sent out by Sidney F. Taliaferro, the secretary, who is_trust officer of the Riggs Na- tional Bank. The purpose of the meetng is to have a general discussion of the problems arising from the bank holiday under presidential proclamation. Leonard Merbury, Washis n Loan & Trust Co., chairman the section, will preside. INTEREST RATES HIGHER. By the Assoclated Press. Average money rates strengthened last week as the change was calcu- lated by the Commerce Department. In the table that follows the average rate for both classes of funds is given for comparable weeks, as reported by the department: Time. Call 1.80 Week ended March 4...... 2.60 Previous weeke .... vees 135 1.00 Same week last yea 371 250 Firm Pays Off in Checks. CHICAGO, March 8 (#).—The Inter- national Harvester Co. paid its factory workers in checks of $5 and fractions | of | thereof today, to fectlitate use of the| — checks in making purchases. The com- pany said the small dencmination checks would be used until banking fa- cilities were normal or some other form of currency was developed. CHICAGO DAIRY MARKET. CHICAGO, March 8 (#).—Butter, 6,266, unsettled; creamery specials (93 score), 18l5a19; extras (82), 18; extra firsts (90-91), 17%; firsts (88-89), 17: standards (90 centralised carlots), 18. Eges, 14,312, unsettied; prices changed. un- N Freight Loadings Gain. NEW YORK, March 8 (#) —Freight loedings of the New York Central sys- tem last week increased slightly over the preceding week, which included | Washington’s birthday. Th2 total was 77,959 cars, against 77,317 in the week ended February 25. U. 8. TREASURY BALANCE. By the Associated Press. Treasury receipts for March 6 were $15,520,390.16; expenditures, $44,556,- 150.99; balance, $129,491,911.25. Cus- toms dutles for six days of March were $3,062,418.16. First Mortgages FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave: N.W. | stories. COURT TEST URGED THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, MARCH 8, 1933. CONNODTY PREES| e ] BOOTLER SEGURTY |t e | MARKET IS OPENED Dealings Carried ©n Despite Closing of Exchange in New York. _— Special Dispatch to The Star. NEW YORK, March 8—With a boot- leg security market operating just under the shadow of the New York Stock Exchange, which will remain closed until further notice, Wall Street to- day heard many and varied quotations on_securities. It is useless to print such quota- tions, for they are merely what one buyer or what one seller thinks quo- tations should be. The holder of 1,000 shares of stock who needed cash im-| mediately might be willing to sell his| the holdings at a discount of 6 per cent below last Friday's closing quotations. On the other hand, a prospective buyer naturally would begin by offering to pay for the desired securities at a price 10 or 15 per cent below their previous levels. He would have to raise his bid until it met an offer. ‘The security ‘“bootleggers,” offices which have no connection with any ex- change or security association, have! been open day and night since last| Friday. They report the receipt of tele- grams from nearby places offering or bidding for securities. Although they! are chary about divulging the size of | their operations, they tell some good One poorly clad customer wanted to buy American Telephcne, General Mo- tors and United States Steel common | stocks. To the brokers’ surprise he | dumped $100,000 of gold on the table as payment. “I saw this coming” he said, “so two months ago I converted my bank balances into gold.” (Covyright. 1933.) ONBANKING STATUS Economic Expert Believes| Commercial Transactions Are Interstate Commerce. BY CHAS. P. SHAEFFER. Associated Press Business Writer. Many financial authorities believe | that commercial banking is interstate | commerce and, therefore, comes under the jurisdiction of the United States| Government whenever it chooses to ex- | ercise its authority. While it is unknown whether Federal authorities are considering this aspect while seeking a corrective to the present situation, nevertheless it was given con- siderable attention at the annual meet- ing of the American Economic Associa- tion here two years ago, when the sub- ject of bank failures was gone into rather thoroughly. The association is composed of eco- nomic experts, and its purpose is the en- couragement of economic research, the | issue of publications on economic sub- | jects and the encouragement of perfect freedom of economic discussion. In a paper to the association, Walter E. Spahr of New York University, said that a search through legal records has not revealed w.ny case_in which the| United States Supreme Court has held | that commercial banking is not inter- state commerce, adding that it would| seem that if such a question could come | before the court, “straight reasoning would compel the court to rule that commercial banking is interstate com- merce.” | Spahr advocated, in his paper, Federal | control of all commercial banks. He said that, regardless of the merits of constitutionality, the way of progress does not lie in abstaining from under- | taking “what appears necessary and proper because of some supposed con- stitutional cbstacle.” | “Let the changes be made and the issue be tested in the courts,” he urged before the association. “If the Constitu- tion is viclated, amend the constitution. A sound banking structure is of far greater importance to a people than the adherence to a constitutional provision that prevents the making of changes necessary to meet the present-day problems. EQUITABLE LIFE REPORTS | BIG GAIN IN ASSETS In its annual statement published today the Equitable Life Assurance Society reports that since 1927 when Thomas I. Parkinson became its presi- | dent the society’s assets have increased | from less than $900,000,000 to nearly | $1.500,000,000. The statement shows an increase in assets over the year 1931 of $71,464,259. During the year 1932, $222,035.900.83 was pald out to policyholders and there is apportioned to dividends to be paid out in 1933, $41,554,566. The society’s excess of receipts over disbursements was $69,573,043.15, Trustee Sues for $175,000. MOUNT AIRY, Md.,, March 8 (Spe- cial) —Alleging that dividends were paid out of capital and that funds of the corporation were illegally loaned to the directors, J. Willlam Kelbaugh, trustee in bankruptcy for the defunct Smith-Yingling Canning Co., has insti- tuted suit in the Circuit Court for Car- roll County to recover approximately $175,000. Crude 0il Output Drops. TULSA. Okla. March 8 (P).— Daily average crude oil production in the United States decreased 25,261 bar- rels last week, totaling 2,167,961 bar- rels, the Oil and Gas Journal esti- mates. Oklahoma led the downward move- ment with an output of 476,415 barrels, or 45325 barrels under the preceding week’s figure. The Oklahoma City fleld :r" responsible for the bulk of this ANNUITY NCREASED NCOME “ith SEwnm BOO! MAILED ON REQUEST KLET LEROY GOFF 1036 Wosdward Bidg. NA®. 0340 A HIGH RETURN WITH SAFETY 6% FIRST MORTGAGE NOTES Secured on_Conservatively Appraised Homes in the District of Columbia DENOMINATIONS $250 UPWARD - BOSS & PHELPS | chain and mail order companies to re- NIRRT 1417 K X A, 9800 T EE ey, TN By the Assoclated Press. Retall trading—Merchandising inter- ests see a partial offset to the crippling effect of impaired banking facilities in the libegal credit terms offered new and old customers of department and other retail stores. Through this device it is expected that goods will continue to l‘vl;;;; :nlo consuming channels in fair ‘Tea—Dealers report that current of- terings from London for immediate ship- ment are practically nil. 3 prices are said to be above recent levels and offerings to the trade are lighter. Flannels—Mills and jobbers are said to have withdrawn the prices which were informally quoted to the trade & few weeks ago. Reports of higher prices for spot cotton have been mainly re- ?t)o‘x‘mbi; for the recasting of price ideas, said. Chain store sales—The first eleven port had total February sales of $93,- 862,596, compared with $109,089,014 for same companies in the correspond- ing month last year. Carpet wools—Imports at Philadel- phia last week totaled 603,928 pounds, compared with 158,602 in the preced- ing week. Rayon—It is reported in trade cir- cles that producers are further cur- talling output this week to obviate the accumulation of more than normal stocks of yarn, STEEL TRADE HOLDS AT RECENT LEVELS| | Rapid Recovery May Be in Pros- pect, Says Review of the Industry. By the Associated Press. NEW YORK, March S—Ameflcnn[ Metal Market, & trade review covering the steel industry, sald yesterday that | this may prove to be “the low week” | in steel production, “with a rapid re- covery in the next few weeks to the highest recent rate or slightly more, at between 20 and 25 per cent” of| capacity. | “Resction of buyers and sellers of steel to the developments of the last féW days has been a mild one” the review declared. “It is a case of busi- ness as usual, subject to a slight re- striction, less than might be expected “Buyers have been instructed to suspend shipments of steel in a rela- tively small proportion of cases. All such requests are being complied with and it is in only rare cases that mills suspend shipments of their own initi- | ative as the credit situation was already | well adjusted. “Throughout the steel trade there is confidence that business in general will | undergo marked and healthy improve- ment in the next few months, but in the larger recovery it is fully expected that steel will lag somewhat behind | various other lines of trade. The pro- spective demand for steel is of such character than steel cannot be the leader in the long-term recovery.” o Financial Leader Dies. FRANKFORT-ON-MAIN, Germany, | March 8 (#).—Eduard Beit von Speyer, 72, senior member of the firm of Lazard Spever-Ellissen and a partner Speyer & Co.. of New York, died here today. He also was a director of many t of | | POWER PRODUCTION SHOWS SLIGHT LOSS Output During the Last Week Was 6.4 Per Cent Below Fig- ures for 1932. By the Associated Press. NEW YORK, March 8—Electric power output fell slightly last week to 1,422,875,000 13 compared with 1,425,511,000 in the preceding week, which included Washington’ birthday, the Edison Klectric Instl. tute n?urud today. . There was a de- cline of 64 per cent from the corre- sponding in 1932, while the pre- ceding week was off 5.7 per cent from the like 1932 period. Power consumption in the central industrial region varied little, being 9.6 per cent below a year ago, com- pared with a decrease of 9.4 per cent from last year in the previous week. In the Atlantic Seaboard territory‘the decrease was 5.2 per cent, against a decrease of 4.1 per cent the week be- fore. New England was down 7.1 per cent, against 5.5 per cent. The loss on the Pacific Coast was 5.3 per cent, com- pared with 5.4 per cent. Pullman Co. Loss Mounts. CHICAGO, March 8 () —Transpor- tation operations of the Pullman Co. in January resulted in net loss of $119,419, compared with loss of $35,031 in 1932. January gross-earnings were $3,208,480, against $4,530,407 & year ago. STRENGTH A RECORD OF OVER Council PERMANENT BUILDING ASSOCIATION Ao PH9-9% ST NW, & o, LStrtaygiom 0315 ' The Fidelity Building & Loan | Association MAIN OFFICE, 610 13th N.W. | 235 N. Capitol 8t. (s s ieen,, BRANCHES | {{h & K S.F Ravy 3008, 14th. Mt Pleasant 431 11th 8t. 8.W. Under Supervision U. S. Treasury industrial concerns. All Stocks and Bonds Bought—Sold—Quoted During Present Holiday Inquiries Invited Benjamin J. Mills Investment Securities Union Trust Building Washington, D. C. NAtional 2303 Organized 1879 JOHN JOY EDSON, President Assets. Always Remember— It is not what you earn, but what you Save That Counts. AU NN HEILTRRIN M o TRUST ©mpany OF THE DISTRICT % OF COLUMB! that kept Safe Equitable Co-Operative Bldg. Ass'n Subscriptions for the 104th Issue of JOIN THE EQUITABLE - AND SAVE SYSTEMATICALLY Our Depositors’ Money Is Safeguarded —by conservatism and good management...We do not lend | on apartment houses or specula- | tive building. | ® We lend money ONLY ON HOMES, at conservative ap- praisements...at present day | values . . . Hence we eliminate || all possibility of loss, and there- || fore can pay— 5%, Interest Compounded Semi-Annually We have a convenient Branch Office in your neighborhood, come || in and let us give you full details of our plans and methods. i WALTER S. PRATT, Jr, Secretary .$6,251,006.24 Stock Being Received The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish Zut Results. Join To- ay. 915 F St. N.W. A f Your Watch is no more accurate than is of the time locks and other protective devices which safeguard valuables in UNION TRUST’S Deposit Vault. We invite you to call to in- spect this Vault, which is day-lighted and well venti- lated ‘with fresh air. Boxes are available at $3 and up- wards a year. Iu:;r;upaidon Checking Southwest Corner Fifteenth and H- Streets Northwest X WASHINGTON, D.C. TN A Little Further Up the Street— But Every Step a Money Saver OPEN A CHARGE ACCOUNT *The Store for Thrift KA HARRY UFMA 1316 - 1328 J'EVENT?‘! ST.NW. 200 Pairs Men's Work Pants Durable fabrics well made— ong pockets— full cut—dark patierns. Size: 36, 38. 40, 42. Men’s 85¢ Overalls lue denim—high back with bib. Bizes 36 to 42. Men’s Broadcloth Pajamas Men’s Blue Work Shirts, 2 for Blue chambray—coat style—collar attached. Sizes 1473 to 1615, Men’s Shirts or Shorts, 3 for Broadcloth shorts—fest colors—cotton pull- over shurts. Sises 30 to 46. Men’s Cotton Hose, 9 prs. Men’s 79¢ to $1 Shirts Fast-color broadcloth — guaranteed pre- shrunk—plenty of whites. Sises 14 to 17 Men’s Nainsook U’Suits, 72x80 count nainsook—perfect snubber backs. Sizes 36 to 44. Boy’s Long Pants Pirm fabrics—well made. izes T to 16. Perfects and some seconds. Also knickers. Boy’s 19¢ Golf Hose, 4 prs. New Spring designs. Ideal for school. Sizes Ti% to 11. Child’s 15¢ Bear Brand Hose, 5 prs. Ribbed to the toe. Assorted tan shades. Sizes 6 to 9%. wfi'&' Print Hooverettes, 2 for Reversible style, new vat prints. Medium end large sizes. $1.00 Girdles and Corsettes Fine quality; girdles 26 to 35; corsettes 30 10 46; elastic inserts, New Kitchenette Pajamas In preity vat dye prints. Puff sleeves and sleeveless styles. $1.00 Pure Silk Slips Plain and embroidered fronts; wine, brown, navy, green. Sizes 34 to 42. Porto Rican Gowns, 3 for ‘White, pink and peach hand-embroidered gowns, Girl’s Plaid Blouses Rayon taffetta. Bow front, sleeves. Sizes 8 to 16. o Child’s Nainsook U’Suits, 3 for " and girls’; French or bloomer leg; fect. Sizes 2 to 12 years. Kiddies Rayon Taffeta Dresses Pastel colors; with ruffie and pleated trim- mings. Sizes 3 to 6 years. Girl’s Print Dresses, 2 for Panty siyles, 3 to 6 years; big girls, 7 to 14 year dresses; fast colors. Girls’ New Straw Hats Pretty braids, in the new Spring colors; rib- bon and velvet trimmed. 49¢ Rag Rugs, 2 for 27x54-In. size. Made of new, clean, wash- able material. Sensational value. Out They Go! Be Here 32 Dresses . . . . I8 Cloth Coats . .. c :(3) ‘F}airi ?oafs b ackets . . . . I3Suit e ive - ea' 50 Odds and Ends—Broken Sizes—While They Last. Bed Sheets 50c Double Crepe de Chine Silk Undies 50c Chemise, Dancettes, Penties and Step- ins. Lace trimmed. a0 20 30 (- (- (- 20 0 Wide hems, standard brand. full_ bleached. 90-—run Size of the mill. Women’s Rayon Pajamas Newest styles with cap sleeves—one-piece models. Every wanted color combination. Turkish Face Towels, 12 for Plain white with celored borders. Sizes 17x31 Extra Size Nashua Blankets Assorted block plaids. Sizes 72x84. Perfect quality. 89c¢ (21x27) Bed Pillows Covered with Amoskeag feather-proof tick- ing. Filled with new, curled feathers. Each pillow tufted. Yard Wide Bleached Muslin, 10 yds, Fully bleached—soft finish. Ideal for chil- @ren’s wearables. Unbleached Cot Sheets, 3 for Made of Indian Head sheeting. Unhemmed. Size 40x90 inches. 15¢ Indian Head Prints, 4 yds. Newest Spring petterns. Full yard wide. Guaranteed boil proof. 40-in. Indian Head Sheeting, 8 yds. Extra heavy. Ideal for sheets. Full piece— perfect. Unbleached. 19¢ Printed Broadcloth, 4 yds. High luster—permanent finish. New Spring patterns. Boil proof. (80 square) 15¢ Printed Percales, 5 yds. New Spring patterns. Full yard wide. Boil proof. (- (- (- - (- (- (- (- 0 c 30 Sensational for 50c Day Only! Women's Novelty and K; Arch Support Shoes A Pumps—Ties—Oxfords Sizes 4 to 8 Not all Styles in all Sizes 5 Opr- ALL SALES FINAL 5 0 69c Damask Table Cloths 5 0 c | Plain white and colored borders, Hem- 50 61, stitched. Size 58x54. Fast colors. 12Y5c Pillow Cases, 6 for 50- 9() 50 (- Fully bleached: wide hems; standard brand. Run-of-the-mill. 39c¢ Ruffled Curtains, 2 sets Made of creem voile with printed rayon 651, (- c 50- (- 50 50 c valance. 2% yards long. Fast colors. s0c Lonaon Holland Shades, 2 for 50- () 50 511 Choice of ecru, green and white. 30 and 32 5 i c inches wide—5 ft. 6 ins. long. Complete with $1.29 Small fixtures Room Size 49¢ Grass Rugs, 2 for Full 27x54-in. size. Tape bound edges. Choice of six pretly carpet patierns. Grass Rugs 49c Felt Base Hall Runner, 2 yds Full rolls. Six choice patterns. 24 in. wide. Purchase as many yards as you need. 36-in. Unbleached Muslin, 12 yds. 5,000 yards to sell at this low price. Regu- larly 6c yard. s1.im. Unbleached Sheeting, 5 yds. Enough to make 2 double bed seamless sheets. Good close weave. 12V/5c Printed Percales, 7 yds. 36 in. wide. Smart prints, including shirt- ing stripes and apron patterns. 49¢ Felt-Base 1 Floor Covering, 2 sq. yds. ‘These are full pieces, and you may purchase s many square yards as you desire. 6 Cups and 6 Saucers—12 pcs. Neatly trimmed with gold band and gold decorations. Limit 12 to a customer. None delivered. Early! 4x7 ft. Six choice patterns. Green, Blue, Tan and Rose. L3S SR NSRRI R S e A e e e e e e e e e e A A e s S s S A R R e R A e e e R e R et S R S AR A S s A SR S S SR S S A