Evening Star Newspaper, March 14, 1933, Page 10

A--10 #» PRODUCE MARKETS SHOW PRICE GAIN Cotton, Grain, Live Stock and Eggs Advance During Banking Holiday. Prevailing trend of wholesale prices for foods and farm products was ‘:E- ward during the unsettled and rapidly changing conditions the first half of March, says the United States Depart- ment of Agriculture, Bureau of Agricul- tural Economics, Market News Service. Markets advanced rather sharply during the week of closed banks and commod- ity exchanges, with gains for spot cotton, cash grain, some lines of live stock, also for butter, eggs, potatoes and onions. There was no prolonged weak- ness in any of the staple products, al- though the disturbed condition of sup- ply and demand brought wider variation and sudden shifting of price levels. Butter Prices Advance. Prices of butter were advancing sharply the first half of March under active trading. Cash buyers of cream in many instances were handicapped by lack of currency. Whether or not there was any great volume of cream held back for this reason is a question. ‘The stronger sentiment in the cheese market toward the middle of the month was largely a reflection of advancing butter prices, and was not due to any material improvement in the underlying | conditions of the cheese situation. De- mand was only fair. Rise in Egg Prices. Egg prices showed a mixed trend the first half of March. The undertone of the market ruled firm. Dealers for the most part seem confident. 1 to 2 cents in many Eastern markets the second week of the month owing to interruption of fresh supplies during the period of bank holidays. With most poultry dealers on cash basis requirements, little buying for re- tail was done, with business generally at 8 standstill under the disturbed condi- tions the first half of the month. Modi- fications of banking restrictions resulted n more activity, although buying was still being done on a limited scale. The dearcity of fowls led to an advance of 1 cent 8 pound, but other quotations held unchanged, although in practically 8l cases full prices are being obtained. Sharp Changes on Live Stock. Under sharply reduced marketings of live stock early in the period of bank suspension, price levels advanced ir- regularly but sharply, only to collapse @s the supply movement regained full ormal volume. Taking the live stock rade as a whole during the first half ©of March, a more erratic market has not been experienced in recent trade| history. Main trend was upward, and marketings continued light near the middle of the month. At one time choice long yearling cattle sold in Chicago trading up to an extreme top of $7. In the main. it was a $450 to § tnarket on light heifers. Cutter cows sold mainly at $2.25 downward to $1.75. Later hog and lamb prices were, for the ost, nearly unchanged compared with levels of early March. Price trend was upward in the Bos- ton wool market the first half of March. Many offerings of wool were with- drawn while holders awaited clearing of the financial situation. Some firms were willing to sell fair-sized quanti- ties when in position to realize a sub- stantial advance above the asking prices of early March. In a few cases small quantities of wool were available at steady to only slightly higher prices. Feeds Average Higher. Rising wheat feed prices were a mar- ket feature the first 10 days of March. Production continued light. Trading at most markets was restricted. The higher wheat feed prices may be at- tributed largely to the advance in grain. ‘The Chicago, Milwaukee and eastern markets were quiet. Prices of cotton- seed meal advanced slightly. Linseed meal was unchanged to higher. A rather tight situation developed in gluten feed and meal. Neither the feed nor the meal could be obtained at Chi- cago for March or April shipment. De- mand for tankage continued active. Al- falfa meal quotations were steady. Grain Markets Unsettled. A very confusing situation still pre- vailed in domestic grain markets to- ward the middle of the month. Trad- ing in cash grain had been greatly cur- tailed by lack of facilities for making settlements. Marketings decreased sharply but difficulty was met at some points in disposing of arrivals and in moving grain into elevators and mills or to consumers. In some instances, trading operations were transferred to Canadian markets to effect delivery of grain to millers or other buyers. Busi- ness in cash grain was so limited that quotations were largely nominal. At the | close of the period of bank holidays, however, wheat prices as reflected in the few sales reported were 4 to 5 cents higher and feed grains 1 to 2 cents higher than the week before. Foreign grain markets also were firmer, but uncertainty as to the exchange value of American currency restricted trading and made it difficult to determine price changes in terms of United States ‘money. Trading in timothy and clover hay ‘was practically at a standstill, but the scattering sales reported indicated val- ues were unchanged. A fair demand at firm prices was reported for the light offerings at Ncw York City. Fruits and Vegetables Advance. Shippers of Green Mountain potatoes In Northern Maine received 50 to 55 cents per 100 pounds sacked, while the Western New York f. o. b. market ad- ~anced to a range of 67 to 75 cent. About the only potatoes to show a slight ‘weakness in city market were New York Tound whites, Florida Spaulding Rose and Bliss Triumphs from Cuba. Cabbage tended upward at northern and southern shioping points. Bulk Danish type reached $10 per ton in Western New York. City cabbage mar- kets_were firm to higher. Onions made & further sharp advance in the East and North. Best Jlow _varieties reached Insurance Bank To Accumulate Your Life Insurance Premiums 25c a week will pay for $1,000.00 Life Insurance up to age 39. B. L. BAER 340 Shoreham Bldg. ‘Write or Telephone for Information Me. 0916 ROACH DEATH Prices gained | 70 to 80 cents per 50-pound sack in Western New York. Eastern sweet po- tatoes showed a considerable advance. | Celery continued to hold a firm position in the East. | " Apple prices strengthened in Western ‘New York. Bushel tubs of 2Jz-inch | minimum greenings sold at 75 to 80 cents, Wealthys 80 cents and Baldwins |$112 to $1.15. Strawberry production in five States may reach nearly three million crates of 24 quarts each, or 10 per cent more than last year. Northern prices for Florida strawberries advanced. BORROWING PRICES FOR SHORTS PLANNED Stock Loan Crowd in Wall Street Sezks Settlements Prior to Exchange Opening. Special Dispatch to The Star. NEW YORK, March 14—Richard Whitney, president of the New York Stock Exchange and chairman of the Emergency Committee of Seven, at present ruling the institution, presided today at the opening of the stock loan crowd, which started its one-hour ses- sion at 10 o'clock. It was expected to issue a ruling on prices to be paid by the shorts for borrowing stocks. The loan crowd is holding its first session so that bears who were short of securities before the close on Friday, March 3, might arrange settlements prior to the reopening of the exchange, which may take place within a few days. The money post on the floor of the stock exchange likewise was open to arrange for loans. Leading lending banks late Monday were quoting call money at 5 per cent. It will be recalled that on February 27 an abundance of call money could be obtained around 12 per cent. Meanwhile, stock exchange houses continued such routine procedure as making comparisons and deliveries. (Copyright, 1933.) Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 23; tub, 22; one-pound prints (92 score), 22; tub, 20; one-pound prints (91 score), 21; tub, 20; one-pound prints (90 score), 20; tub, 19. Eggs—Hennery white, 12; current re- ceipts, 11; Government graded, extras, 181;; standards, 17, mediums, 16'5. Poultry, alive—Turkeys, hens, young, 16a20; old. 12al4; toms, 13al4; old, 8a10; chickens. hens, 13a15; Leghorn hens, 9all; Winter chickens, 13al¢; stags, 8al0: roosters, 6a7; Plymouth Rocks, broilers, 20a22; fryers, 17al9; roasters, 17a19; mixed colored chick- ens, 14a16; keats, young, 25a40: old, 15a20; capons, 7 to 9 pounds, 18; 5 to 6 pounds, 15 Poultr: dressed — Turkeys, hens, | young, 19a23; old, 15a17; toms, young, 116al7; old, 11a13; chickens, hens, 16a18; Leghorn hens, 12a13; Winter chickens, 18a19; stags, 11al3; roasters, 9al0; Plymouth Rocks, broilers, 23a25; 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, 10; veal, 12: lamb, 14; pork loins, 1 fresh hams, | smoked hams, 13; strip bacon, 13; lard, 71.: compound, 7. Live stock—Hogs, light, 3.75a4.30; medium, 3.75a4.30; heavy, 3.40a4.10; | pigs, 3.7524.00; roughs, 1.50a3.00; calves, 4.0026.50; lambs, 3.00a6.00. Fruits—Apples, fancy box stock, 1.75a 2.25; bushel baskets, 1.00al peaches, :25; pears, 1,50a2.75; plums, 3.50; apri- .25; nectarines, 3.50; mandarines, ;“oranges, 2.50a3.50; lemons, 4.00a 4.50; tangerines, 2.00a2.25; grapefruit, 2.00a2.50; limes, per 100, 2.00; bananas, 1.00a2.50; ~alligator E Spanish melons, 6.00a7.00; quarts, 20; 40a50; berries, 3.25; grapes, Almeira’s, Argen- tina, 3.50; Emperors, kegs, 5.50a6.00; strawberries, 7.00a7.50. Vegetables—Potatoes, Maine, 1.25; New York, 100al.15; Florida, new, 1 1.75; Idaho bakers, 1.75; sweets, 65a75; | tomatoes, repacks, 3-pan crates, 1.2 I lugs, 1.00a2.00; broccoli, 3.00; turnips, | 40260; parsnips, 85a1.00; string beans, 200: ' peas, 2.75a3.00; Hma beans, 0; peppers, 150a2.25: kale, spinach, 90a1.00; mushrooms, salsify, per dozen, 60; lettuce, . 3. squash, 1.00a2.25; eggplant, 1.50a2.00: beets, crates, 1.25; carrots, crates, 1.25; cucumbers, 4.00a 4.50; celery, 1.75; cabbage, new, hamp- ers, 125a1.50: old, sacks, 90a1.00; asparagus, 250a6.00; caulifiower, 1,75a 2.00; corn, Florida, 3.00. CHECK TOTAL OFF. By the Associated Press. Checks cashed on individual bank ac- counts in 141 cities of the Federal Re- serve System showed a slight loss dur- ing February, as compared with Jan- uary, which contained three more busi- yness days. The total debits for com- parable months _follow, as announced by the Federal Reserve Board: February . $22,437,159,000 Previous mo + 24,465,797,000 Same month last y. 27,250,715,000 TWi:smsNr?uccssnons';’ | UPON REQUEST ‘ ‘ Ferris, Woodroof & Lewis, Inc. l Investment Securities Washinston Building NAt. 5925-8 STATEMENT OF THE CONDITION OF THE Excess Insurance Company of America of Newark, New Jersey On the 31st day of December, 1032, as required under Section 647 of the Code of Law for the District of Columbia. INCOME. DISBURSEMENTS. paid _policy- holders for losses...... All other disbursements Total disbursements ASSET: Bonds ard stocks. ... Cash in company's G Depogits in banks. X Premiums in course 761,551.43 Interest and ‘rents’ due’ or accrued ... All other assets Gross assets. Deduct assets not admitted Total admitted as: LIAB! TLIT! Total unpaid claims. . . sets Capital paid up 750, 0 Surplus over all liabiiities. 850,000.00 .$5,033.012.72 NET PREMIUMS WRITTEN DURING THE Y] 3 Accident .50 Health- Auto_lial 1,14 Liability other than auto,. 417,595.10 Workmen's compensation 230.644 84 Fidelity $320.12 223 202.49 131.817.97 1,610.68 Steam Machinery . Auto property than auto. Totals ... 324.0 $2.688.59 W.'D. McLOUGHLIN, Vice President. H. 8. HAINES, Assistant Secretary. Subscribed and sworn to before me 1| S. Hollenga, business manager. ; | salary was for $1,000 and this second | THE FOR ALEXANDRIA Plant Similar to Those of Nurenburg, Germany, to Be Opened Soon. By a Staff Correspondent of The Star. ALEXANDRIA, Va, March 14—A loy factory similar to the plants at Nurenburg, Germany, will be opened here in a building formerly used by the Virginia Shipbuilding Co. in the near future, according to announcement made by Dan S. Hollenga, business manager, at a meeting of the Alex- andria Chamber of Commerce last night. In addition to the manufacture of toys, the factory is also to print child- ren’s books. Formal announcement of its opening is to be made by Mrs. V. McMahon of Washington, president, next week, it was said. Installment Tax Payments Urged. Members of the trade body unani- mously adopted a resolution which re- quests City Council to make city taxes payable on an installment basis, pre- ferably under a weekly or monthly ar- rangment to be worked similar to Christmas Savings plans. The plan is to be retroactive in respect to payment of delinquent_taxes. Banks of this city will get class A certificates from the Treasury Depart- ment, denoting them to be 100 per cent solvent, for their reopening tomorrow morning, Mr. Hollenga said he had been informed by bank officials here. The fact that banks here are in such ex- cellent condition was praised by the business manager as another advantage offered by Alexandria over other cities of its size. Hope that the Merchants Air bill, the passage of which is necessary before the International Zepplin Transport Corporation will divulge the location for its Atlantic seaboard zepplin port, will be passed at this special session of Congress, was expressed by Mr. Hol- lenga. The Hybla Valley port, 2 miles south of here, is one of the three loca- tions picked for the Atlantic Seaboard port by the zeppelin corporation. Volunteers Second Pay Cut. ‘The report of the board of directors, which was accepted by the body, in- cluded the announcement of a second voluntary reduction in salary by Dan The manager’s first voluntary reduction in | is for an additional $840.32. April 20 was set as the date for the annual meeting of the chamber. Seven rew directors to fill vacancies caused by the expiration of terms of members | of the present board are to be chosen | by mail ballot in April. Their election will be announced at the annual meet- | ing. The membership drive which has | been postponed will be continued with | the opening of banks here. | MAN SHOT RESISTING POLICE QUESTIONING | | Detective Shoots When Prisoner | Draws Gun During Quiz on Car Believed Stolen. By the Associated Press. NEW YORK, March 14—A man who described himself as John Runkow, 29, of Dallas, Tex., was critically wounded by a detective last night when he re- sisted questioning in regard to an auto- mobile he was trying to sell. Runkow called at a garage to sell the car and when he found no_purchaser said he would return later. Police were notified and found the automobile answered the description of one reported EVENING IPLAN TOY FACTORY stolen. Detective Joseph Malone went to the garage last night to meet Runkow. Runkow drew a pistol. The detective fired once, his bullet lodging in Run- Runkow refused to give his street ad- dress in Dallas. PROPERTY Apartment House MANAGEMENT 925 15th St. N.W. As| he started to question him, Malone said, | kow's spine. ‘; ! U STAR, Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., March 14—White tatoes, per 100 pounds, 85a1.00; ushel, 1.40a1.85; sweet potatoes, bushel, 40a1.00; barrel, 1.00a1.50; beans, bushel, 1:26a2.00; beets, per half crate, 1.10a 1.25; cabbage, ton, 15.00a17.00; carrots, bushel, 50a60; caulifiower, crate, 1.50a 1.65; celery, crate, 2.50a2.85; eggplants, crate, 1.50a3.00; lettuce, crate, 2.50a 3.00; onions, per 100 pounds, 1.00a1.25; lima , _bushel, 3.00a3.50; peas, bushel, 2.00a2.75; peppers, bushel, 50a 1.00; spinach, bushel, 75a90; tomatoes, lug, 50a1.75; squash, bushel, 75a1.00; turnips, basket, 25a35; apples, bushel, 35a1.50; strawberries, quart, 18a25; grapefruit, box, 1.75a2.50; oranges, box, l.; a3.50; tangerines, half box, 1.00a 1.50. Dairy Markets. Live poultry—Turkeys, hens, poumd, 20a21; gobblers, 16al7; old hens, 18a 19; old toms, 13al4; capons, 15a20; young chickens, 15a18; all kinds, poor and thin, 10a12; broilers, 18a22; old hens, 1lal4; Leghorns, 8al2; old roosters, 7a9; ducks, 12al3; geese, 10a 15; guinea fowls, each, 25a45; pigeons, pair, 15a20. Eggs—Receipts, 825 cases; current] receipts, 12/2a13; duck eggs, 16a20. Butter—Good to fancy, creamery, pound, 17a22; ladles, 14al5; store packed, 10all; process butter, 16al17. Live Stock Market. Cattle—Receipts, 75 head; market steady; steers, choice, 5.50a5.75; good to choice, 5.00a5.25; medium to good, 4.75a5.00; fair to medium, 4.25a4.75; plain to fair, 3.75a4.25; common to plain, 3.00a3.7 Bulls, medium to good, 3.00a3.25; fair to medium, 2.50a[since March 4 further modified its 3.00; plain to fair, 2.25a2.50; common to plain, 2.00a2.25. Cows, medium to good, 3.0023.50; fair to medium, 2.50a 3.00; plain to fair, 2.00a2.50; common to plain, 150a2.00. Heifers, good to choice, 4.50a4.75; medium to good, 4.00 24.50; fair to medium, 3.5024.00; 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; market steady; sheep, 50a2.50; lambs, good to choice, 6.35a6.75; common to medium, 3.00a5.75. Hogs—Receipts, 300 head; market steady; lights, 4.35a4.80; medium to good, 4.35a4.80; heavies, 3.90a4.60; roughs, 2.50a3.75; light pigs, 3.25a3.80: pigs, 4.00a4.60; Western hogs, 10a20 higher. Calves—Receipts, 25 head: market steady; good to choice, 7.00a8.00; com- mon to medium, 4.00a6.00. COAL STOCKS DECLINE. By the Associated Press. Stocks of bituminous coal in the hands of industrial consumers declined in January and on February 1 stood at 22,025,000 tons on the basis of cal- culations by the National Association of Purchasing Agents and the Mines Bureau. The month's change repre- sented a decline of 1.7 per cent. In terms of days' supply, the stocks on hand at the end of January for the various industries follow: Electric power utilities, 58 days; by-product coke| ovens, 49 days; steel and rolling mills, 38 days; cement mills, 46 days: coal gas | retorts, 67 days: other industrial plants, 31 days, and rallroad fuel, 24 days. Cotton Consumption. By the Associated Press. Cotton consumed during February was reported by the Census Bureau to- day to have totaled 441,663 bales of lint and 46470 of linters, compared with 471,202 and 48412 for January this year and 451,239 and 54241 for February last year. FOR SALE $5,000 Pirst Trust Notes appraised by leading reputable firm. Principals Only — No Brokers Address Box 500-K, Star Office Producing Oil Royalties Will Purchase Outright or Loan Money ass “A" Producing by the major Write or Call ANDREW E. FODOR Telephone 813 Southern Blde. Nat. 6625 15th & H Sts. N.W. Rovalties —on _ Cl operated companies. MANAGEMENT PON your request our Property Management De- TRADING IN'STOCKS WILL RESUME SOON Tentative Plans Made to Re- open Exchange on Thurs- day Morning. By the Associated Press. NEW YORK, March 14.—With bank- ing facilities restored to virtually a normal basis here and in many other cities, Wall Street's interest has turned toward resumption of trading in the security and commodity markets, per- haps on Thursday. Plans for reopening of the New York Stock Exchange were progressing, it was sald, and some activities of the Exchange were being restored, Money Desk Opens The money desk, at which brokers arrange their loans, was open and a 5 per cent renewal rate for call money was posted. This figure compared with an official renewal charge of 3!, per cent on Friday, March 3, the day be- fore the Exchange closed. Also, it was the highest since January 6, 1930. Firmness of money, bankers pointed out, was a natural aftermath of the outpouring of gold and currency which preceded the banking holiday. The special committee which has been guiding Stock Exchange affairs emergency regulations so as to permit member firms to make contracts for the borrowing an- lending of securities. in connection with completing hang- over business. The “loan crowd,” which is the familiar name for brokers seeking to borrow or lend stocks and bonds, was instructed to hold today the meeting that would have been held on | March 4 had not the Exchange closed. | New York City banks were again | receiving deposits in some volume. Al- | though no collective flgures were issued on business, the amount depasited in checks and currency was believed to be several times the amount of with- drawals. One downtown bank reported its receipts at $59.600.000. which was | close to a record for one day's receipts. | Against this total, the bank said, outgo | was “very, very small.” Dollar Exchange. Dollar exchange was somewhat ir- regular after Monday's sharp rise. The pound sterling and the French franc advanced moderately against ous cur- | rency, though some of the European | gold monies were still heavy. Forelgn | exchange dealers pointed out that re- sumption of dealings Monday, on a restricted basis, had presumably re- | sulted in considerable short covering by speculators. | TU. S. TREASURY BALANCE. ‘ | By the Associated Press. ‘Treasury receipts for March 11 were $9,079,634.94; expenditures, $11,718,- 027.22; balance, $125,612.453.61. Cus- toms duties for 11 days of March were $3,271.261.84. | MORTGAGE partment will make a careful survey of your apartment house properties and give you a con- cise digest of what may be done to facilitate in the management and increase revenue. When we assume charge we take FULL CHARGE, relieving you of all details—and this is done for a very moderate fee. B. F: SAUL CO. Nat’l 2100 LOANS — business, in OFFICERS: WOODBURY BLAIR..1st V. FRANK STETSON, FRANK R. ULLMER. E. PERCIVAL WILSO! .Trea. this ‘twenty-seventh day of February, 933, (Seal) W. M. IVES. Notary Pubilc. Notary Public. Westchester County. N. ¥. Co. Clk.’s No. 15. Reg. No. 318, Commission expires March 30. 1933. HERBERT B. LORD.. Natiol;l_Savihgs ad Trust Co. —announces the full resumption of Tuesday, March 14th, 1933 WILLIAM D. HOOVER..President 2nd Vice Pres. and Trust Officer .. Secretar: BRUCE BAIRD. . Asst. Tr. Office DAVID BORNET.. Asst. Tr. Office JOHN W. CALVERT. .Asst. Trea- W. HILES PARDOE. .Asst. Trea: OSMUND L. VARELA Asst. Trea: ALEXANDER J. FANT.Asst. Secy . JOHN M. BOTELER...Asst. Secy. Asst. Secy. AUDLEY A. P. SAVAGE. . Auditor all departments, DIRECTORS: JAMES J. BECKER WOODBURY BLAIR WALTER C. CLEPHANE H. ROZIER DULANY, SR. FRANKLIN H. ELLIS TREDERICK A. FENNING 1. PRESCOTT GATLEY VILLIAM D. HOOVER NALTER BRUCE HOWE :EGINALD S. HUIDEKOPER /ICTOR KAUFFMANN FRANK STETSON WILLIAM H. WALKER WILLIAM B. WILLARD HARLEY P. WILSON Pres. surer operation. and operate! Everyone wants automatic refrigeration. represents such an to enjoy it? WASHINGTON, D. C., TUESDAY, MARCH 14, 1933. Trade Trends By the Associated Press. Chemicals—In sympathy with recent advances in metals, many of the deriva- tives, including copper, zinc, lead and tin display a firmer tone. Hides—Current prices, while only nominal, reflect a stronger tone, accord- Ing to dealers. Underlying conditions are reported favorable with stocks in first hands at a low point and packers restricting offerings. Cotton Goods—Leading chain stores are reported to have bought heavily of cotton goods recently to build up stocks for the Spring trade. Coal—The combination of the bank holiday and milder weather has resulted in a considerable reduction in output of hard and soft coals and some softening of prices, according to trade interests. _ Paper—Although demand remained limited, prices of pulp and paper firmed during the last few days, according to producing interests. Paperboard produc- tion continues at a relatively high rate. | basi: Knit Goods—Prices on cotton under- wear are rated as tentative and subject to developments in the cotton market upon resumption of trading in futures. S T CURB SEAT HIGHER. NEW YORK, March 14 (#).—Sale of a New York Curb Exchange member- ship at $35,000, up $10,000 from the previous transaction, was announced today. This was the first transfer of a security market membership since prior to the general banking holiday. WHEAT SUPPLY DECREASES. NEW YORK, March 14 (#).—The| visible supply of American grain shows the following changes in bushels: Wheat decreased 1,245,000, corn increased 1,- 579,000, oats decreased 78.000, rye de- | creased 4,000, barley increased 30,000, DOLLAR HIGHER AT PARIS. PARIS, March 14 (#)—The dollar | opened on the Bourse today at 25.45. It was the first quotation in 10 days and was 12!, centimes higher than the closing of March 3. Early unofficial transactions were | around the same figure. Machinery Business Dull. NEW YORK, March 14 (#).—Amer- | ican Machinist says machinery busi- | ness came to a general standstill as a | Tesult of the banking holidays. Tenta- | tively higher prices of scrap and metals | are encouraging. the periodical believes. | | ANNUITIES Profitable—Safe All Forms—All Ages WYNDHAM R. WILLS 2 Years' Experience in Insurance and Annuity Busi 954 Washingion Bidg. NA. 9430 Retrigerator--silent L t—cconomical— Figure it out for yourself—the food you save from spoiling—fewer trips to the market—the simple use of leftovers. Thig continued saving alone is prob- ably enough to pay for a grand new gas refriger- ator in a very short time. Or figure it another way. Let us tell ybu the cost of the gas refrigerator you need. Spread the cost over a period of five years. Deduct your five-year cost of ice re- frigeration. The gas refrigerator costs less to buy Add the low cost of When it actual saving, why not start now WASHINGTON GAS LIGHT CO. 411 Tenth Street N. W. GEORGETOWN GAS LIGHT CO. 1339 Wisconsin Ave. N. W. WEst 0615 ELECTROLUX AUTO PRODUCTION SHARPLY REDUCED Banking Troubles in Midwest | Result in Curtailed Schedules. BY DAVID J. WILKIE, Associsted Press Business Writer. DETROIT, March 14.— Although Michigan’s banking problems still are awaiting final adjustment the easement in the situation elsewhere throughout the country is expected to bring about an immediate stepping up of production schedules curtailed or suspended entirely last week erd in several of the large: automobile gonts. | At least c..e producer in the middle and higher priced brackets was ready yestercay to resume shipment on a cash s, and others generally are expected | to do likewise with definite assurances | of the availability of cash in most dis- | tributing centers outside of Michigan. | Pay roll cash also again has become available with the moderating of bank- | ing conditions in the leading cities. | While Michigan banks have not been | able to supply these funds, the lcadmg‘ manufacturers have arranged to bring | currency in from New York, Chicago | and other points of deposit. | Among the plants that announced sus- pension because of the uncertainty of banking facilities were Buick and Chev- | rolet. Others if not closed down entire- 1y, curtailed their factory stafls to skele- | ton organizations, keeping only enough men on the rolls to permit a quick re- sumption of production when needed. | The banking situation was reflected | Gilephone Decater 3600 RANDALL . HAGNER & ORPORATED in the industry last week by a shas falling off in new car registrations. Th! falling off had not been anticipated throughout the industry and the result was that to a small extent at least, the dealer organizations were not prepared to absorb any more shipments at the moment. . AMERICAN SHARES FIRM ON LONDON EXCHANGE By the Assoclated Press. LONDON, March 14.— Trading opened quietly cheerful on the stogk exchange today and a small amounr. «f business was done in American shares around Monday's closing quotations, United States Steel declined 1, to ?10 and International Nickel moved up © to $11.62'.. Canadian Pacific, Hy- dreelectric and Brazilian Traction’ were unchanged. Stocks in the gold mining oup im- proved in tone on better Bo'utg African advices. British funds were maintained in price, but foreign shares ruled dull. . PARIS BOURSE PRICES. PARIS, March 14 (P)—Three per cent renfes, 74 francs 75 cetimes; 414 per_cent rentes, 88.00, i G Exchange on London, 87.50, o lar_was quoted at 25.4115. ek First Mortgages FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. Gitablihod 1908 CoMPrany, REAL ESTATE N 432/ Connoclicut, .%»wafl MNY Competent Management of Rental Properties in All Sections of the City ORTCGAGE T.OAN €onrmzaronpany .//;w%fil z/r]mrmngw WHEN YOU District 8500 CAN BUY A 724 REFRIGERATORNOW on these easy terms