Evening Star Newspaper, April 14, 1933, Page 15

NARGISSUS SHOW ENDS AT TAKOMA W. T. Simmons Wins Prize for Best Collection of 24 Varieties. Bpecial Dispatch to The Star. TAKOMA PARK, Md., April 14—The two-day narcissus show, under auspices of the Takoma Park (Md.-D, C.) Horti- cultural Club, closed here last night with a record-breaking attendance. F. L. Mulford, landscape architect, United States Department of Agrictulture, was Judge of the show. First prize winners in the various classes were as follows: Collection of 24 or more varieties, W. T. Simmons; collection of 12 varieties, ‘W. H. England; collection of 6 varieties, Elidge Allanson, Trumpet Narcissl. ‘Trumpet narcissi — Varieties with Iemon-colored or yellow trumpets, P. H. Dorsett; varieties with white trumpet and perianth, C. G. Carr; bi-color va- rieties, O. E. Sweet. Incomparabilis—Yellow shades, P. H. Dorsett; bi-color varieties, O. E. Sweet. Barii—Yellow shades, W. H. England; bi-color varieties, W. H. England. Lecdsi—Large varieties, J. P. Swecker; small varieties, W. H. England. Poeticus, Mrs, E. L. Crandall. Poetaz with white perianths, W. T. Simmons; poetaz with yellow perianths, Mrs. E. L. Crancall. Miscellaneous narcissu, jon- quils, tazetta, triandrus, bulbocodium, etc., Mrs. E. H. Fairless. Seedlings, E. Q. Powell. Prizes for Vases. Vase of single variety, W. T. Sim- mons. Vase of more than one variety, Trade Trends By the Associated Press. Pig fron—Some seliing agents in the New York district report a slightly better volume of Lookings. Market sentiment is more favorable, though most producers are conservative in es- timating the improvement. Flour—Prices have moved upward consistently for several days, yet sell< ing agents continue o complain of an apathetic response on: the part of con- sumers. The latter are ordering against contracts in fair volume, but sub-normal sales volume in the baking industry is said to have cut consump- tion of flour considerably. - Crude drugs—trade advices say that dealers are recelving a fair number of orders. The market is more active than it was earlier in the year, al- though manufacturing consumers are still inclined to follow a cautious policy in buying. Flannel—It is reported that several outing flannel mills have withdrawn their recently anncunced prices in anticipation of conditions that may tend to increase manufacturing costs. Sheets and pillowcases—With retail store concentrating on sales of apparel ;nd dress ';lccul:ufller. ':ew business t‘: owing rather slowly: to selling in wide® 3 mfl § and pillowcases. More active buying is looked for later in the Spring. F—— BANKERS SEE SILVER DEBATE AT PARLEY Discussiox Ofer Metal May Be Revived at Approaching World Economic Conference. By the Associated Press. NEW YORK, April 14.—Silver, ':,.T Al center of many & political and economic - battle, bids fair to become the object Highest, 65, 6:00 p.m, yesterday. Year ago, 58. Lowest, 43, 5:00 s.m. today. Year ago, 35. Record Temperatures This Year. Highest, 74, on March 14. Lowest, 14, on February 9. Tide Tables, ((Furnished by United States Coast and Geodetic Survey.) ‘TOmOrTow. 11:54a.m. 6:01 am. “§:51pm. The Sun and Moon. Rises. Sets, Bun, today .. B:34 Sun, tomorrow 5:32 6:45 Moon, today.. eeceeieaes 8:07am. Automobile lights must be turned on one-half hour after sunset. Precipitation. | Monthly precipitation in inches in the Capital (current month to date): Month, 2 297° 3.32 o0, Tl Qincinnati, Oh! Cleveland, Ohio. Columbia,” §. C. Denver, Colo. Detroly, Mich. El Paso, Tex. jont Huron. 8. Dak.. ! Indtanapolis.Ind Jacksonville.Fla. City. Mo Cloud 0.46 Cloua: ..., Cloud 0.01 Clear, aba, Nebr. R Philadelphia Phoenix, Ariz. Bittsburgh, P Portland, Me. FOREIGN. (7 a.m., Greenwich time, today.) don. England . ; Cl Prance ear Clear Part cloudy Cloudy Part cloudy Cloug: ade y g world economic study, in international banking Tere. subject with ramifications udents for years, B , Becretary of BANK ASKS DEPOSITORS: TO AID IN' REOPENING ouf stockholders, but_is’ required to have a guarantee fund mak¢ sure that each depositor is secured to the full extent of his deposit. B. Allein Welch, president of the|paye institution, pointed out that the money deposited is invested in high-grade bonds and first mortzages on the best real estate that could be found for the purpose. CLEARING HOUSE CUTS DEMAND DEPOSIT RATES By the Associated mm gl ey NEW YORK, Api " continued easy mon2y conditions, the New York Clearing House Association has announced that the present rate of 1 per cent paid by member banks cn demand deposits would be cut to 32 per cent. The rate for time deposits will belpernmwl;:x:lmdo{thelkper cent paid prev ly. mfi‘nepllt interest rates of clearing house banks had been in force since March 6. They were raised at the time the general banking restrictions were in force. In the latter part of January the clearing house cut demand rates to 1 of 1 per cent, with the exception of mutyal savings banks, which received 3, of 1 per cent. Time deposits were placed on & Y, of 1 per cent basis at that time. These rates were the lowest in the history of the ‘association. = ———— Canadian Wheat Stocks. OTTAWA, April 14 (#)—Stocks of wheat in Canada on ‘March 31 are esti-, mated in a crop repert issued today by | the Dominion buresu of statistics at 312,819,144 bushels, as compared with 246,150,573 at the end of March, 1932, an increase of 66,668,671 bushels. e U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for April 12 were $81,335,083.12; expenditures, $78,835,- 485.99; balance, $506,094,034.19. Customs duties for 12 days of April were $6,813,- 264.91. 800 Will Return to Work. LOS ANGELES, April 14 (#)—The Firestone Tire & Rubber Co. announced it, expects to reopen its plant here, put- ting 800 persons back to work within the next 10 days. The plant has been closed since March 10. Business Notes NEW YORK, April here report that more customers ar paying cash for ‘nerchandise, some store executives saying last week saw the year’s broadest movement in high- The monthly index of food prices, compiled for the National Wholesale Grocers' Association, rose 2.5 points last month, or 4 per cent, whereas the normal seasonal advance is 1 per cent. At 64.5 points the index was only 8.6 per cent under March, 1932, Plans for post-Easter sales of home furnishings have been completed by retailers in the Middle West and East. ! In rugs purchases for these events were confined to “dropped” patterns and off-goods for use as leaders, while fur- niture manufacturers noted a demand Fazt cloudy E art cl altar, Spain . 56 Clear (Mdon, Greenwich time, today.) Horta (’l{alu?. Azores. 67 for low and medium-priced lines. Pro- THE EVENING STAR, WASHINGTON, BETTER BUSINESS TRENDS OBSERVED Mercantile Review Points to Recent Increase in In- dustrial Activities. BY EDWARD C. STONE. Following yesterday'’s summary of trade conditions in Washington and the rest of the fifth Federal Reserve district, in March, the statement from Bradstreet & Dun, out today, covering the first quarter, is highly interesting. The report says: “The continued recession in com- 14—Retallers | 5 mercial failures, the stebility of commodity prices, and the steadiness of industrial activ- ity were the three c1e arly-defined trefids in evidence in the first three months of t!:ce c:‘rlé- rent, 3 = c,g“trhe survey ing of industry for the Georse L. Starkey. = of 1933, ‘These three trends accentuated sharply the persistent undercurrent ) Tecove . mox;g_ flnmecr!il structure also is be! rebuilt,” the survey continues, “an this fact taken in conjunction with the three decisively favorable commercial hows rehabilitation going for- 3:?5" tl:r:uzh the economic structure. The vast scope of reconstruction rend- ers lm&oulbl}; a time estimate of the beginning of recovery although progress toward it is daily more apparent. “The steady downtrend in comme’!thl faflures” the survey points out “im- lies the probable completion of the gnvlest commercial liquidation. Prices and activity have moved closely to- gether during the last six months. Neither receded below the level of last Summer—an _ emphatically _fayorable development during & Fall and Winter that were ness.” ton ouse Association Execu- tive tee, & position which dur- ing the past year has been of unusual importance and responsibility. Exchange Prints New List. District Business Trend Is Upward; Now on 90% Basis Special Dispatch to The Star. NEW YORK, April 14—Wash- ington is among the 117 cities in the United States now showing Hamilton Institute. The survey a month ago showed 158 citles experiencing an upturn. ‘Washington is given 90 as its present trade volume index on the basis of 100 for a year . In all of the citles listed in report, save two, conditions are described as “dull.” The two ex- ceptions are Harrisburg, Pa., and Joplin, Mo., which, with indexes of 105.7 and 103.4, respectively, are classified as “active.” In ad- dition to these two cities, the re- port shows only six other cities in the United States, including ‘Washington, with present -trade volume indexes of 90 or over. FEDERAL RESERVE CREDIT ITEM DROPS Decrease of $32,000,000 Is Report- ed in Amount Outstanding for the Week Ending April 12. By the Associated Press. ‘The daily average volume of Federal Reserve Bank credit outstanding during the week ending April 12 was reported by the Federal Reserve banks as $2,555,- 000,000, a decrease of $32,000,000 com pared with the preceding week and an increase of $926,000,000 compared with Ak credit| &, Ben i SUGAR SHARES GAIN ON TRADE REPORTS ; Recent Rise in Price of Com- modity Reflected on Stock Exchange. By the Associated Press. NEW YORK, April 14.—The long-de- shares of the sugar companies have leaped forward in the Stock Ex- of late, some doubling in value. Raw sugar futures in the New York Coffee and Sugar Exchange currently show an appreciation over the low levels of January and early February of nearly 70 per cent. Prices have risen from around .65 of 1 cent a pound, before payment of the 2-cent duty, to above 1.10 cents. Unique among the world’s basic com- modities, sugar stands out in bold relief by the fact that world consumption |Féd during the last crop year exceeded the production by 280,000 tons. Many factors have contributed to this authotities contend, among which are tariff regulations, the Chadbourne plan for restricted output and a normal increase in world and. Wall Street in touch with Cuban conditions have recently learned that the “segregation plan” which that country—world’s leading sugar producer —inaugurated last year, will be ex- tended in the current year. Under this program, which is a device to obtain & higher price, the Cuban government will segregate or hold off the market 600,000 tons of sugar which were orig- inally part of the American quota. Another important influence which is considered fundamental is the pos- sibility, under discussion in Washington, of a tariff change favorable to Cuba. The present duty on Cuban sugar entering the United States is 2 cents An allotment schedule for ents, combined with teriff concessions, would maintain and en- f | hance domestic values, it is believed. iy trying to busi- | rency, adjusted. Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 23; tub, 23; one-pound prints (92 score), 22; tub, 21; ome-pound prints (91 score), 21; tub, 20; one-pound prints (90 score), 20; tub, 19, Eggs—Hennery, 12a12%; current re- ceipts, 11%812; Government graded, extras, 17%; standards, 15%; mediums, 14%. ; chickens, hens, 13alé; R broflers, SRaos owd. T5a30: chpons, 38 sl 18 g ; capons, 25; 3 Poull dressed — Turkeys, young, 19a23; old, o | 16a17; old. 11a1 stocks and bonds. ‘The new daily reports are prin attractive type and have caused very favorable comment among those who seen them. Ever since the bank moratorjum, when the exchange was reopened for trading, business has been a good deal more active than it was early in the year. Bonds have been the most in demand, but a good many stocks have also been popular. On the Jocal exchange, at least, has “turned the corner.” Financial District Comment. ‘Washin, banks were open as usual today, but the brcker houses were closed on account of the Good Friday holiday on the New York Stock Exchange, A plan for reorganizaticn of the Farmers’ Bank of Mardela Springs, Md., which would enable the institution to open on a 100 per cent basis, has been approved by John J. Ghinger, Maryland State bank commissioner. The institu- ticn is now operating on a 2 per cent withdrawal basis. Robert L. O’Brien, chairman of the United States Tariff Commission, in an address before the New York Board of ‘Trade, emphasized danger that national- istic feeling in protection of home mar- kets, as expressed in the “Buy Aierican” campaign, might spread locally in the form of a “Buy State” movement. He says trade relations between nations is the most important problem confront- é;lg the world and the new administra- jon. ‘The total of banks admitted to mem- bership in the Federal Reserve system since the banking holiday reached 28 with the announcement by the Reserve Board of the admission of Sears Com- munity State Bank of Chicagd, with capital of $200,000, and the Bank of Memphis of Memphis, Mo., with capital of $25,000. Meanwhile voluntary with- drawals of banks from the system have continued, now totaling 21. Rail Traffic Increases. NEW YORK, April 14 (#).—Traffic on several Western railroads increased last week. Roads reporting gains over freight loadings of the week ended April 1 were Missouri Pacific, International-Great Northern, Gulf Coast Lines, St. Louis Terminal, Missouri-Kansas-Texas and St. Louis-San Francisco. —— BROKER LOANS DECREASE. By the Associated Press. Loans to brokers and dealers held by New York Federal Reserve member banks for the week ended April 12 were announced by the Federal Reserve Board yesterday as $375,000,000, a de- crease of $1,000,000 under the preceding 2 FOR SALE unusual concession to close estate of Jurton. modern fireproof ware- ain offices of A. & P., leased to to net al 20%._ Rhode facilities. solic! Inquire . E. STEPHEN, ATTORNEY 2100 Massachusetts Avenue PO. 4480 6% NoTES Secured by First Mortgages i pound, 6%. Live stock— ht, 3.5083.75; medium, uh!x.:o"" hl:vy. 3.2503.75; .00; Spring 5.00a7.00. Fruits—Grapes, itina, 3.5024.00; cantaloupes, Mexico, 5.50; strawberries, 4.0086.00; oranges, 2.50a3.25; lemons, 4.00a5. grapefruit, 582.50 per 100, 2.00; tan; X bananas, 1.50a3.00; apples, fancy box stock, 1. 50; nectarines, 1.75; honey- dews, pineapples, rhubarb, 7 itor pears, - 3.50a pears, box, 3.00; cranberries, peaches, 1.75. Vegetables — Potatoes, Maine, 1.25; New York, 1.10; Florida, new, barre! . Idaho bakers, limes, 25a1.50; celery, 5082 Tceberg, 4.2585.25° Florida, 1.50a2.00; string "beans, 1.00a 1.75; limas, 2.25a3.50; shelled limas, quarts, 35; eggplant, 1.00a1.25; tomatoes, Tepacks, 3-pan, 1.50a2.00; I 2.00a 2.50; cauliflower, 1.60a1.75; peas, 2.75a 3.00; carrots, crates, 1.15a1.25; beets, crates, 1.15a1.50; okra, pan, 75; aspara- gus, 1.50a2.50; spinach, 50a75; kale, 25a30; Spring onions, per 109 bunches, 1.00; squash, 1.75a2.00; salsify, per dozen bunches, 60; cucumbers, 1.50a3.00. Market Averages By the Associated Press.. ' 23 brooDRISR DO In Yesterday ... 54.8 Previous day. ey sanoaSassoo BAID BB, ey 3 W, 193 40.2 Low, 1931... o =+ £8 d 2 3 In Yesterday ... 60.9 Previous day. 60.3 ork ago 59.5 March 3 DoapyDtasaa N0 DB 59939 B23RIRS3ToRNdche BRIRTVSGITRTRL PO NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Available in Limited Amounts All based on new low construc- tion cost levels, x All confined to restricted estab- lished Chevy Chase home com- ‘munities. If a« SAFER FORM of invest- ment is known we should like to be informed of it. Denominations, $250 to $1,000 Safe—Conservative ducers are looking for substantial reorders. International Harvester Co. has re- ceived an order for 20 two-ton trucks from a Brooklyn hum.- Wm. H. Saunders Co., Inc. REALTORS Dist. 1016 1519 K St. Phone National 2345 SHANNON & LUCHS Mortgage Department 1505 H Street N.W. DEPOSITORS OFFERED REORGANIZATION STOCK|& By s Staff Correspondent of The Star. , de- positors of the People’s State Blnkp of Cherrydale have been offered a plan 50" pek ‘Cent ot thelsdeposits Snd 5 cash tem) 15 per contribution of 13 per| & partially cover , 2.5083.50; 1.5082.75; calves, | F¢ e s, porary lx.‘,mtoffllelrd its to DIVIDENDS ANNOUNCED NEW YORK, April 14 (P, Reduced. P - Hids. Rate, Fod. T8le Feabedt 5750 @ May 1 Avr 18 +81. i L sah .G+ 32.00 @ Avr 15 Mar 31 (6tamtord, Goan.).$1.50 @ May 1 Apr 25 Regular. Nt % Ay 1) 3 May 1 ROttt S y uj 8y 2 1306 M July 1 June 20 L. . .):“7 "%A‘/wll.mhl.mmlfl 5] 6 36% b £.53c M July 1 June 15 (Del) 6 pr pf.....50c M July 1 June15 Organized 1879 JOHN JOY EDSON, President Assets....... Always Remember— It 48 not what you earn, but what you Save That Counts. T T R R e Equitable Co-Operative Bldg. Sabscriptions for the 104th Issue of Stock Being Received JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY 915 F St. N.W. 0 D. C, FRIDAY, APRIL 14, 1933. 30-HOUR WORK PLAN APPROVED BY COMPANY Special Dispatch to The Star. LURAY, Va., April 14—Regardless of the fate of m:m 30-hour work bill be- g to A. F. Herndon, general man- || ager, will mean the employment of 200 | | more girls. The date for the change || has not been set. I ‘The company will work double shifts || of 6 hours each, c from a || single shift of 10 hours. e Maryland | | Co. has its headquarters in Baltimore, been invaluable its neighborhood. The lants in three counties, , Rockingham and Shenandoah, makes it valley. FEDERAL RESERVE RATIO. By the Associated Press. The ratio of total reserves of the 12 eral Reserve nks and note liabilities combined continued to gain during the week ended April 12.| In the table that follows the ratio is parable periods, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 70th Series of stock now open for subscription Payments on shares $1.00 each, payable mon James ames F. Shes Pre: c:‘lndl' # Secretary ‘Meml f Buflding Association Counell e Disirict ot Golumbla- A First Trust Loan on improved Real Estate INSURAI:ICE of any kin REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Mortgage Notes or Floyd E. Davis Co. 733 12th Street N.W. Put aside « definite part of your income every pay day. The regularity of ‘Ipoll{l earning 5% dividends will h your savings grow rapidly. Members Building Loan_ Assn. Council PE‘}!MAN EP‘iT BUILDING ASSOCIATION "4,0”49"“ ST. NW"\Q‘ 2 SUpepygiom 033 53rd YEAR COMPLETED 9 n WALTER S. PRATT, Jr, Secretary $6,251,006.24 The zquttabl:&man of systematic saving has taught rhou.umdg how to save and accomplish gest Results. Join To- ay. OFFICE Fidelity Building 610 13th St. N.W. OFFICERS and President, FRED B. RHODES HARRY J. MILLE! THE FIDELITY " BUILDING & LOAN ASSOCIATION Under the Supervision of the U. 8. Treasury Dept. Everyone Now Appreciates the Advantages of a Savings Account —in a strong, well managed building and loan association ...Such an account in “The Fidelity” affords you absolute safety, availability of your savings and excellent inter- est return. “The Fidelity” Pays 5% Compounded Semi-Annuall; —and has no limitations on the amount you may save or withdraw. P ® You can open an account, and add to it BY MAIL, as well-as in_person . . . Call or write for full details "of our plans and methods. DIRECTORS: BICKFO! G. P. BD APT. CHAS. O. SHA! 2 & W5 BONNETT ideal for serving the entire || - Buy what you want tomorrow—and if it is for Easter waar— we'll see it is delivered on time. “High-lights” in the Rebuilding Sale—and the “l d b oW aown on the Prices. All Fashion Park Suits and Topcoats Fresh from the tailors’ hands—and doomed for reduction as soon as they landed. $45 and $50 $ 75 maawo $437S * * Glenbrook Suits and TFopcoats Suits—Glen Plaids, Pencil Stripés, Nil Head pattern—in- the superior Glenbrook worsteds. 'weed and Lamb’s Fleece Topcoats. : “sl 9.75 e 247 s===—=|——===2 Marvelous $1.50 'Neck.wear Reducad 1 19 PR R T Came in late—and is capght in” the Rebuilding Sale. Tported Crepes snd Foulards, sk sipped. Smertest rof Easter vmnu.’ ¥ o5 *: * 2 Mark Cross:Gloves - . Gray Mocha, the correct glove for Easter— Reduced i from $350 ...veiernianit $2-?5 e Imported Golf Hose Reduced from $3.50 to $1.69 English made—and - light weight, Sleeveless Sweaters $2.50 grade— reduced to $1.59 New light coloring _ Mode Fine Shirts Our fine broadcloth and * Fine Count Broadeloth; madras—with tab collars ||| pre-shrunk. Plain white, attached and separate col- neckban(; fancy with col- lars to match. || lar attached. $2, $2.50 and $3 grades ‘ Very s,.d.l 1° | 95c * Your Easter Hat The Mode qualities and smart shapes—in« cluding the light-weight “Nonchalant.” $3.50 and 1 Whitehall Shoes You'll walk sure-footed in the Easter parade —with a worth-while saving in your pocket. $5 and $5.50 ............_33.% $6 and $650 ....... ..S4.N $7.50 and $8 ............36.90 And $8'Scotch Grains ...35.90 The Mode—rF at Eleventh