Evening Star Newspaper, February 28, 1935, Page 17

EGGPRICES WEA -OND. C. MARKET Decline 1 to 2 Cents—Heavy Receipts Bring Ac- cumulation. Egg quotstions were very weak on the Washington produce market to- | day. Declines of 1 to 2 cents were recorded as heavy receipts brought an accumulation of supplies. The summary with egg, live poul- fruit and vegetable prices fur- nished by the Department of Agri- c\m.um, follows: JUTTER—One- pound prints (03 score). 7; 36: 1-pound prints (90 score), %a; b 321 170URd prints (88 score). O MEATE Beet, 12023 v 16a18; ee! 2090: v : 18a19: pork loins. hers‘h h smn%“l&‘gzllfl. compoun light, lamb. hams. 2082 ‘$TOCK —Hogs. ; Jambs.’ 4.00a8.00 Market very weak. Receipts heavy and supplies accumulating. _Prices 1o 3 cents lower =~ Curren: Teceipts, large, 28: eSutiapdardy; Taree, VE POULTRY—Market st Fowl, Colored. all sizes. LNal 11al3; roosters. 7a9. mized’ colors. all sizes. roilers. Plymouth Rocks. 19 young foms lnd hens, light. 20a22; old h 1 ., 5 m fl pounds, 5: slips, 15a20. Fruits and Vegetables. Sales in large lots by original receivers nn to 8 am. today LLS—No cariot arrivals; two bmken nd um unbroken cars on track. Bushels Bupplies | moderate; demand moderate; iarkes pteady, Virginia. Stayma 0. 1, 2%-inch minimum, 1.1581.25; 2'2- inch mlmmum, 1.40a1.60; 234-inch’ min- Delmous U. S, N to firm. ghorns, chickens, 8, Sering eys. o 20; ol 22; No. -ineh mini- h minimum, l S\L 8. 5" '.zi,t. theh mitmi lmh ml!ilmllm. 1 (a inch minimum, “iacinch’ minimum, 1.00a1.25, Pennsylunm Staymans, U, 8. No, L '2is-inch minimum, 135al50: inch minimum 1 Common stor- = _inch minimum. Btaymans and Yorks, Boxes: Wash- 1nlmn mefllum to rge size. Staymans, 1.75a1.50; fous. extra Fancy. S00K2.25: Tancy. 1290 00; Spites enburgs, extra fancy, 1654200, Virginia, ition extra fancy and fancy Romes. Jonathans and Grimes, 1.35a ombination extra fancy 00: C grade, | 50a1 65: tion " extra ' fancy and i two broken and two unbroken cars on track. New stock: Sunphes light: demand light: market slightly stronger. Texas, !5 lettuce crates domestic round type, mostly around stock: New York. 80-pound sacks Danish type, CELERY —Np carlot arrivals: _two broken and one unbroken cars on track, gllel mod!n!e demand moderate; Florida, 10-inch _crates, Wasned. 516 aosen 5 Thak i Few 3 5, 'E—No carlot arrivais; one car cars on’ track. _Western stock: Supplies | moderate; demand moderate; market weak. | Arizona and California, ‘estern crates | Iceberg type, 4-5_ dozen, 2.75a3.00: fair condition, Southern stock: Supplies | § emand light: market steady. -bushel hampers Big Boston Onlnm Are Unchanged. NIONS—No carlot arrivals; one broken | ear on track. Supplies moderate: demans ight: market L San, New %xx and Ohio, v, steady. Michig 50-pound " sacks YeMows. 2.35, few 2.50; fair con- 'AS — One _California arrived: two broken and three unbroken cars on track. Bupplies moderate; demand light: ma ket | California, bushel hampers Tele- | 0; Florida. bushel hampers, ones, 758200, POTATOES —One Idaho arrived: 12| broken and. 10 Cunbrokch calt o track d_stooi Su plies liveral: demand light; marker dull . New York, 100-pound sacks nd Whites, U. S. No. 1. 80a90. few | Maing,” 100-pound | Green al.15. few | et lvamiar Crutle oL nd sacks Round Whites, U. 5 Ne 100-] nound sacks No. 1° 0. New tock: | Bupplies moderate: llnel: I"lo two two unbroken cars on’ track demand light: market slightly stronger. Texas, bushel baskets. | 1,75, few higher. STRAW! ES_No carlot arrivals: | no cars on track. Supplies light: demand moderate: market steady. Florida. pints, | 14-15 er pint, POTATOES-—No. ar- | hn no cars on track _Supplies light; demand light: ~market ght; steady. _North &m]lnl bushel baskets Puerto Ricans, 86a1.00: few higher; ~Maryland, Anne Arundel County. bushel hampers, Jersey tape %”QMATOES—NO carlot arrivals: roken car on track. Supplies light: mand light; market “steady. Florida, freight receipts. nothing offered; truck receipts, lug boxes, ripes and turning. | wrapped, 6x6. 4.00] Cuba. approximately | 10-pound baskets, ripes. wrapoed. 1.258 IFLOWER—Three California ar- ; three broken and four unbroken cars on track. Suppiies moderate; de- mand light; market about steady. Cali- fornia, crates. 1.50al.65. ETA] No carlot ar- rivals: one broken car on track: LIMA [S—Supplies light: demand light; market steady. Cuba. bushel ham- vers. 3.25a3.50. Green Beans Steady. GREEN BEANS—No carlot arrivals: two broken cars on track: approximately 100 packages by express arrived. Supplies | oderate: demand light; market steady. da, bushel hampers, green, flat type. PLANT—Supplies _light; demand light: market steady. Cuba, 1%-bushel crates. 'UCU! upplies 3.25a:3.50;_fair_condition, CUCUMBE! light: Uight; market st Cuba. crates. fair quality. 4. SQUASH—Supplies ht; market steady. Florida, bushel ampers. white. wrapped, 2.00; poorer er; yellovl 2.00a2.50; gair condition, 1580a1/ upplies moderate; , demand t: market weak, Flor: 1y 0 poorer. tes, green. b‘&t BROCCOLI— t ‘arrivals’ o Jight de- | ates. Cab- carlot 0. demand bushel moderate: demand Broken ac an track. Supsil mend Lght, m;lrku Tornia. 1da. light; mlrket sbeady. Virginia. bukets. 50880. : plies light: demand up S market dull Bouth Caroitna. bushel baskets. 5060, RHUBARB—Supplies moderate; demand light: market steady. Michigan. 5-pound cartons. fancy. 50; choice. 40 ‘CARROTS—No ' carlot _ arrivals: broken and one unbroken cars ol lifornia, Western lettuce crates. ~crates. 1.75; New York, bushel bnket.s topped. 1.00. BEETS_Texas. la-crates. 2.15a2.25 {TURNIPS—New Jersey. bushel baskels. JVDCADOB—CI]KOHI\I. boxes, 1.758 APES. kegs, 2.0083.00; Ar- “E;&m -nound lugs, a2, 1.5082.50. stiiveds DEWS_—Chile, cra o, Flofids Cne_car® aiversl s broken and usvunbmken cars on track L 2.00 UIT—No_carlot arrivals; on raken cat_on track " Florids. boxes. 20082 few special marks 77382.00. as to size. l.. C. L. Express Arrivals, 2 bushel baskets cucumbers. 24 crates limes: buxhel three rack 1 cen Deas. fi e crates peppers ukm n\ulh, 16 36-pint crates stra: berries. 13 c n ms: Michigan ; . 5 barrels. watercress: PR vecy SO SR R . LONDON BANK REPORT. eekly O Ehe “Bank .oflnlhgd shows wing chinxn n 80 T b ; other , securities decreased 3 :gzllcudepo;m decruleg 6.4 ey lecreased Aéx-évooo. ‘government n‘;‘: Tensed Oths ank's reserve to kbun‘"; 48.60 per cent compared with discount, 2 per cent. MONTREAL SILVER. hhnnn 28 (.. 5 mfi fibb‘ g:lel 3 Ei 57 25b Bemembfl on ocmber 58.00b; December, 58.50k. {?HILADEI.PHIA PBUDUCE atass, onzo ” Total | New York LOANS ON SECURITIES SHOW FURTHER DROP e i ecurmu by report- Loans lnl.lut | ing Federal Reserve member bapks have undergone further uquldnlon. The decline is ascribed partly to stag- nation of security markets, as re- flected in smaller borrowings brokers. Total security loans of member banks in 91 leading cities, as reported to the Federal Reserve Board, follow: Week ended February 20. .82. ”3“”883 Preceding _week . Bame. week last year! .85, 0.000.000 CLEARINGS RETURN 10 HIGHER LEVELS Rise of 8.0 Per Cent From Year Ago Contrasts With Loss Last Week. By the Associated Press. NEW YORK, February 28.—Bank clearings are again very high, espe- cially for a short week. The total for the 22 leading cities in the United States and for the five days ended ‘Wednesday, February 27, as reported by Dun & Bradstreet, Inc, was $4,607,889,000, against $4,256,779,000 for the same week of last year, an increase of 8.0 per cent. This con- trasted with a loss of 0.9 per cent in the previous week. At New York City, clearings were $3,114,861,000, an in- crease of 4.5 per cent over the amount S. | reported last year, while the aggregate for centers outside of New York of $1,493,028,000 was 16.3 per cent higher. At New York City, as well as at & number of other points, clearings for the five days this week were nearly as large or, in some cases, in excess of those for the full week preceding, U-land this notwithstanding the fact Per e 16.5 14 4-1 4-1 1 M that for the closing week of the month bank settlements usually are the - | smallest of the four weeks. Further- more, the total for the past week was less than that for the third week of February, which comprised six days, both this year and last, by only $647,~ 628,000, whereas a year ago for the same two weeks, the reduction was $1,- 039,322,000. Substantial gains over last year appeared at every city re- ported, excepting only one, the in- creases being noteworthy at Boston, Philadelphia, Pittsburgh, Chicago, De- troit, Cleveland and Kansas City. Figures at leading centers, showing increases and decreases as compared with those of a year ago, are printed herewith; also daily bank clearings for the last three months: (Totals in thousands.) 8 o5 uffalo Pittsburgh Cleveland Cincinnati Baltimore Richmond Atlanta New " Orlei Chicago Detroft ... St. Louls { Louisville Minneapoli: Kansas City . Omaha .. . Dallas . San Pra Portland Seattle [ 28 Rapom oo [ 4 | A + gL ESoiaan Lt = »3 s Total all $4.607.889 Average Daily. Pehrulry to date. . January . December 5 ® ° ++| 52> S . DIVIDENDS ANNOUNCED YORK, February 28.—Dividends declarea = deslared (prepared by the Standard Sta. Extra, itock of Pa: Rate. norx xg‘wrfl Sl.. 3-15 Resumed. Conllnenul Diamond Fibre .15 Company. Loudon Pack Calamba Sugi 3-14 3-15 .60c Q Accumulated. Am o = Pehi Glass” Sand ¥, ol Tide w- ot OO0 © 00 ¢ lmernluun-l Sait’ 137 Lorillard (P). 3 Lorillard () i Loudon_Packin; 3741 Moore Corp A pf...S1. 75 Moore, Corp B pf.. 3175 Nat Brewerles . Nat Breweries pf New York Tel 6%2% 34 New York Tra Penn @ o o g3 oo ooooooni 0 © 00 00 nof OPODOR © 0 2! *Distril eld by lmkholdel‘l Mhll‘ thln Olllel Bru'ln. president. who will make distribu- E; SREREREERERES bloolanavoiig - BoamoRaRRL O] - gEaanusugen ™ s&'.fE i % 285" NS bl R BERRS oo BEIERERSS S0h 25228 aeorela e SRR P THE EVENING STAR, WASHINGTON, D. O, THURSDAY, FEBRUARY 28, 1935. ADVANCE IN AUTO OUTPUT IS SLOWER Retail Demand Continues Unabated, According to Trade Authorities. By the Associated Press. ‘DETROIT, February 28—Produc- tion in motor car plants continues on the upgrade, but the forward move- ment showed a slight tightening up during the last week. This trend in factory output led to the suggestion | oo in trade circles that the motor car manufacturers have begun to ef-| N fectuate their plan for spreading pro- duction over a greater part of the year to overcome seasonal unemploy- ment, There has been no slowing down of retail demand; in fact, some author- itles assert dealer requirements still | l are far from satisfied. On the basis of the known unsatis- fled retail demand the industry ap- parently could settle down to definite | i n 'y schedules that might carry on well into the Summer with only moderate | o; fluctuations, although the competitive factor in the low-priced fleld will be somewhat difficult to overcome. In this connection it is significant that the Ford Motor Co., which as a non-signer ef the automobile manu- facturers’ agreement is not pledged to the plans of other manufacturers, is increasing its production steadily and has announced a March program of more than 6,000 cars a day. The general expectation in trade circles has been that March would the output for February have not yet been complled, but on the hlll the weekly showing it appears that close to 350,000 units were assembled and delivered to rmfleu With the January output of 306,000 cars and trucks the aggregaje of 1,000,000 is assured. Production programs calling for 400,000 units in one month represent operations on & scale since May, 1930. Some shortage of materials has been reported in certain factories. Nevertheless, of 27 canvassed showed a decline in output, with 11 remaining unchanged. Some of the producing factories are reported to be working “at capacity.” CHICAGO PRODUCE. 5.33 lo.c JAGO, Pebruary 28 (P.—Butter, Illlle!fi‘d. erelmon mct 3 extry 92), 32; w.. (86-87), o Sandards (oo ! catl o butter 15,02 extra Arster STanie tresly wraded frs U 1Y% eurrtn:“rr'eet‘lpu l‘lfl‘/l 19;‘4‘ cases, ocurren ta. 3 50 :nen 19%. R clat, 1305 umphs, U. 8. No. 1, palQultry, live, 28 truck nore-thin 5 pounds 8: Rock fryers "% 14908 Rock ¢ . 20: colored, 20: ‘broilers, 22%823; col ebacks, mus. Leghorns, By . a2l duck fi7 atg: il a caBons. 67 pounds. 2. —_— FREIGHT LOADINGS. NEW YORK. Pebruary 28 (. Mvemle freight car lo-dlnn ! railroa rting today for the ended nbnnry 23 include: Week Previous Last N York Central Wabash Pennsylvania . Norfolk & West Pers Marquette of not attained only 6 o Is (93 frsts (88:89): | organization plan of mn J. Corp. No. mmergial, .‘ H I TWO GROUPS BACK PARAMOUNT PLAN Committee for Publix and Broadway Corporations Express Approval. Special Dispatch to The Star. NEW YORK, February 28.—The protective committees for stockholders of Paramount Publix Corporation and for bondholders of Paramount Broad- way Corp. announced today that they had adopted and approved the re- Paramount Pub- lix Corp., which includes a plan of re- organization of Paramount Broadway Both committees are advising stock- holders and bondholders of the pro- cedure to be followed by security hold- ers in formally accepting’ the plan, which was recently approved by the Federal court, with several modifica- . | tons, The court’s order held that the plan Junder. | “4s fair and equitable and does not sent shall be deemed to have assented and shall be bound by its provisions. Of the 3,220,902 shares of Paramount bankruptcy act acceptance by a ma- Jority of the stock is required for confirmation of the plan. mflwhfl NEW YORK BANK STOCKS (). —New York "Becurity” Desters’ Associstion (Quetations as of 8 ealock) Asked. sk llwllln Ir ‘P Cen Bk Tr (6 Chase Mot (140) Chem BK & T (1 8 discriminate unfairly in {avor of any | &Vt class of creditors or stockholders and is feasible.” Approximwy a'looo shareholders of Paramount notified by the Emckhalden Commit~ tee, of which Duncan A. Holmes is chairman, that it will accept the plan on behalf of all shares deposited with it and not dissenting by March 30. Stockholders who have deposited and who may be unwilling to assent to the plan must so notify the com- mittee in wrmnc between February | 60,000, 28 and March 'nmuwhodonmmnnmluoldh- blix Corp. are being | U: Tr j *fociuding "extras. PARIS BANK CHANGES. Pebruary 28 (P).—The weekly mzfl of the lnnk o( Prance shows ght balsnces aorosd 00; “Bills” discounted 30, 00,000 bills bousht adva) decri nchan 000; circuition — decreased 000.000: current accounts increased 8450 Rlu of dlscount. 2% per cent. ANNOUNLING. .. Created by Raymond Loewy Raymond Loewy—one of America’s greatest geniuses streamline design, created in the new Coldspot a real work of art. Smartly streamlined . . . with long, graceful, flowing lines set off by stunning chromium. refrigerator—utterly, completely beau- in aero-dynamic Here is a new kind of r ) SUPER-SIX COLDSPOT Everything you’d expect in a $200 Electric Beauty—yes! But it was not enough for Coldspot this year to step ahead of the best-looking refrigerator the field can offer. Coldspot set out to rival . . . in performance and the finest refrigerators produced. See how Coldspot has done it. Check the features. Note the exclusive Coldspot conveniences inside. Consider how much you save convenience . in dollars and cents. Then you decide! THE TWELVE FEATURES EVERY FAMILY WANTS . . . ® Dry Zero [ J o Streamlined Beauty New “Touch-a-bar” Newest “Foodex” © New Water Cooler ® 10-Point Cold Control ® 105 ice Cubes—FAST @ Interior Light d Unit Insulation 13 Refrigerator 50 Small C‘d’fl"lu Charge. " Glass Refrigerator Rolling Pin Porcelain Interior . . . ©® Handy Split Shelf Store Hours: Daily 9:30 A.M. to 5:30 P.M.—Open Friday and Saturday Nights Until 9:30. FREE Parking at 911 Bladensburg Road, N.E. Also sold at 714 12th Street, N.W. and 3140 M Street, NW. = CREDIT EXPANSION (== PRESSURE GROWS Heavy Federal Spending and Gold Flow From Abroad Cited. BY FREDERICK GARDNER, Assoclated Press Financial Writer. Pressure for expansion of bank credit is increasing as gold flows in from abroad and heavy Government spending continues. Since the end of 1934 the Treasury has issued in excess of $500,000,000 in gold certificates to the Federal Re- serve, mostly against imports of the metal. Results of Treasury spending and the gold inflow are apparent in a sharp rise in demand deposits and | reserves of Federal Reserve memberl banks since the turn of the year. Demand deposits of the member mn- stitutions in leading cities have in- creased more than $600,000,000 in the interval while reserves of the same banks rose approximately as fast. As the expansion in reserves indi- THE WORLD AT YOUR FINGERTIPS $3 DOWN- *xy A—l7 Tising deposits have not been very effective in promoting more Ccmmerchl loans of banks report- ing weekly to the Federal Reserve currently are near the lowest point registered last year. But a moderate increase in com- mercial borrowings from the report- ing banks the last two weeks, totaling $25,000,000, put administration quar- 'fiuunt.he alert for signs of a defi- uptrend. While described as mlnly seasonal, the upturn is the first of consequence since last Au- tumn. Nrthu liquidation of loans against securities and real estate has been chiefly responsible for a continuation in the aggregate of deflation of bank credit entended to private customers as their loan account decreased, banks added to their portfolios Government securities and, in smaller amount, cor« porate investments. U. S. TREASURY POSITION. By the Associated Press. sition_of the Treasury on Feb- 28 $5,995,053.51. 173, balance. customs ~ Teceipts for monith, $22.118.771.20. for the fiscal year (since July 76.427.47; expenditures, (including d‘ cess of expenditures, SO hsera YN b w0 D Receipts for February 2 parable date last year), penditures, 830,142.612.70; "niet balance, 4001393 281, 47. customs eceipts for e month” 821.302.54 18, Receipts for the fiscal year, 756.790.97: expenditures, $4 3 306.80. including $2.376.133. 249 90 of oy expenditures: excess of recelpts. 8; gold assets. $7.350. Complete With Gen- uine RCA Tubes $5 MONTH Small Carrying Charge CHECK THESE FEATURES: e 6 Latest Type Dual Purpose Guaranteed Genuine R. C. A. Radiotron Tubes! ® 10-Inch True Tune Dynamic Speaker! e Newest Full-Vision, Illu o Tone Control! Velvet minated Aeroplane Dial! Touch Tuning! o Rich Rotary Walnut and Gray Harewood, Full ‘Size Cabinets! Open Friday and Saturday Nights to 9:30 Sears, Roebuck and Co. FREE Parking at 911 Bladensburg Road, N.E. Also Sold at 7}4 12th Street N.W. & 3140 M Street N.W.