Evening Star Newspaper, December 16, 1935, Page 16

BUSINESS REACHES FIVE-YEAR PEAKS Further Advances Expected Because of Backlogs in Most L.ines. Spealal Dispatch to The Sta~. BOSTON, December 16.—Reports from all sections of the country reveal that aggregate business volumes are now higher than in any other De- cember since 1930, the United Busi- ness Service points out in its latest analysis of trade and industrial con- ditions. Although the most optimistic news is coming from retail trade channels, it 15 encouraging to note that the ordering of capital equipment con- tinues in large volume. Recently purchasing by railroads has increased, construction contracts have been larger and machinery suppliers have received more business. It is clear, therefore, that the present improve- ment is not confined to consumer goods. Because of the sizable backlog of orders on the books of most manu- facturing establishments at the pres- ent time, no early letdown in the prevailing rate of activity is antici- pated. Opinion is growing, however, that the current uptrend will make a temporary peak some time in the first quarter of 1936. Three important retarding factors are cited by the United Service which are likely to bring about this halt | in the recovery trend. These are (1) the highly critical condition of Euro- pean affairs, (2) the rising level of inventories and (3) the advances which have taken place in the prices of many products. Although these factors may restrict economic progress after the turn of the year, the con- clusion is reached that the current upward trend will continue & while longer. Washington Produce BUTTER—One-pound prints (92 score), tub, 1-pound prints (90 score), tub, 34; l-pound prints (89 score), tub, 33 _ MEATS— 1712a19; mb, 2 haws, 20a30: strip bacon, 31 ard. 1512a17: compound. 13a1334 Prices by the United States Bureau of Agricultural Economics: EGGS—Market _barely 1012a18: veal, {oins. 4 steady at un- ehanged prices ent _receipts, large, 29a30 whites, large, 31a33; .~ Govern- ment graded and dated white eggs (in- marketing cost 7i3: U. S. ext Fruits and Vegetables. Sales in large lots by original receivers up to 8 a.m. today. APPLES—No carlot arrivals: no cars on Bushels: Supplies moderate: de- mand moderate; market steady. Virginia, Staymans, U. 8. No. 1, 2¥-inch minim $0a1.00; 212~ 1.15a1 nch minimu 1.35a1 Delicious, 1:00: ng 8. 'No. 1, 2Y-inch minimu 2i5-inch minimum, 00a1.00: nimum, 1.00a1.15: Grimes. U. s-inch minimum. 60 J4-jnch minimym, us, U. S. No inch minimu R. C. A. Is Awarded $2,000,000 Order By Soviet Agency By the Associated Fress NEW YORK, December 16.—The Amtorg Trading Corp. announced last night orders had been placed with the Radio Corpération of America for $2,000,000 worth of radio equipment and machinery for shipment to Soviet Russia. The equipment will be manufactured in the B. C. A. plants at Camden and Harrison, N. J. JONES & LAUGHLIN PLAN EXPANSION $40,000,000 Program. Is Revealed. Holders Asked to Approve $100,000,000 Mortgage. By the Associated Press. PITTSBURGH. December 16.—The Jones and Laughlin Steel Corp. dis- closed & $40,000,000 improvement and expansion program in a letter to stockholders last night. Approval of a $100,000,000 first mortgage, $60,000,000 to be held in reserve, was requested, involving one of the most important new private financing projects since 1929. Work would be given to thousands in the construction and operation of a $25,000,000 strip and sheet mill in Pittsburgh, the largest of its kind. Announcement of this step in the call for a special meeting of stock- holders February 14 heralded the long expected entry by the 85-year-old concern into the production of strip and sheets. MONTREAL SILVER. MONTREAL. December 16 () fut ened steady. Decembe; 75; inch minimum, 1.45a1.40: Bonums, U. § No. 1, 3 3-inch minimum, 75a85; Spys, U. 8. . 2Ve- Thch “mintmum, 60-. $13-inch minimum, 75a85; 2%-inch minimum, 90a1.00. Boxes: erd;lmx. Staymans, combination extra fancy and fancy, 1.6582.00; Cgrade, 1.40a1.65; De- ficious, combination extra fancy and fancy, 16883.10; C wrade, 1.40a1.75; Romes. combination extra fancy and fancy. 1.85a eo.fi(lli Northern Spys, 1.35a1.50, according Size. CABBAGE—One New York arrived; one broken and three unbroken cars on track. Supplies moderate: demand light: market steady. New York, pound sacks peck | nampers Pointed type, packed ocally. 1.25. CELERY—Two California arrived; three wunbroken cars on track. Supplies mod- erate: demand light: market steady. Cali- 1 L washed, 2'-4'2 dozen, %" crates, washed, few higher. No cariot arrivals; five broken and one unbroken CArs on track. Western stock—Supplies moderate; de- mand light: market dull. California, West- Iceberg type, 5-dozen. 3.00a 50. Southern stock—Supplies light; demand light; market steady. Florida, 17-bushel hampers, Big Boston type, 1.00a1.25. Onlon Market Weak. ONTO! one Michigan arrived; one ears on track. ~Supplies moderate; mand slow; market weak. New York and ©Ohio, 50-pound sacks, Yellows, U. 8. No. 1, 1.25; small to medium size, 1.10a1.20; 50-pound sacks, Valencias, U. No. 1, 3 inches and larger. 1.50. EAS—Two California arrived; three unbroken cars on track. Supplies light; demand light; market dull California, ampérs. 3.00; Florids, bushel 2 8! 5/ POTATOES—1 Maine, 8 New York ar- rived: 1 broken and 11 unbroken cars on track. Old stock—Supplies moderate; de- mand light; market dull Maine, 100- pound sacks, Green Mountains, U.'S. No. . 1.751.90: New York, 100-pound sa 5, U. S. No. 1, 1.60al anks, lies weak. Florida, o. 25 New s 1ight: demand ffght; market U. 8. No. 1, bushel crates, Bliss Triumphs, no cars track: supplies moderate: demand market steady. Virginia, bushel baskets. mostly around 9( SWEET POTATOES—No carlot arrivals; Supplies moderate: de- Mo cars on track. North Caro- mand slow; market steady. - A J ersey e 0. 8. N L1100, TOMATOES—One Florida arrived; three unbroken cars on track. Supplies' light; 3 Do- | mestic Round type, 60a65;: South Carolina, | market steady. Florida, s _and turning wraj 25a3.50; 6x6, 3.00a; turning wrapped, MIXED _ VEGETABLES—Two Cali- fornia, one Texas arrived: one broken and three uplroken cars on track. LIMA BEANS—Practically no supplies on_the market. GREEN BEANS—One Texas arrived: one broken car on track. ~Supplles light; demand light; market steady. Florid bulhr:l hampers green, flat type, ew 3.50; round stringless, 3 ushel hampers green, flat type. 5 UASH--Supplles lisht: demand siow; market _dull. lorida, bushel hampers, white wrapped. 2.50. poorer lower; Yellows, very small size, very few sales, 2. Feppers Are Steady. PEPPERS—Supplies light; demand light; market steady. Florida, 1%-bushel crates, green. 4.00a450. STRAWBERRIES—Supplies moderate; demand slow; market weak. Florids, pony frigerators. 356 per pint. » géRA——Pnctlc‘:eul no supplies on the "":“‘l s_suppiies, moderate: de; mang ight; market steady. arylan and Pennsylvania, 3-pound baskets, 258 de. T e e vER - Two _ Californta ar- rived: two broken and two unbroken cars ek SR B, ORI jer. 'COJ carlot arrivals; one n track. Supplies light: de- broken Ca¥, “market steads. California. crates, RMFIR lies moder- Cali- ts. topped. [l I'N or SiT—Supplles light: _ demand light: :'XLIATm dulr, l’lul’lJl 1%-bushel erates. fancy. 2.50; choice. 1.50. k, gar divertoian No. 1. 3.00a3.95; few % 7683.00; Cailfornia. 3.508 5; No. 3. 2.00. scc clal marks higher w 3 ES—Florida. % bushel boxes. 1::5&‘7::.!.“ according to grade and size. ON alifornia. boxi 7.00a7.50; No, 2. 6.0086.75. ucnrdinf 10 ¥ CRANBERRIES—New Jersey, % barrel boxga 8850 carlot arrivels;, two un- ‘“’;"’ S0 D Anjouse. extra’ fancy. .50 . ALE—Virginia. bushel baskets, 40. gOIJIARDSI—Vh'Kml bushel baskets, 0, 2= m — pennsylvanis, %-bushel L THE EVENING AUTO PRODUCTION CLIMBS T0 98582 = Total Compares With 93, 030 Week Ago—Passenger Car Sales Soar. By the Associated Press: DETROIT, December 16.—Cram’'s Reports, Inc., in a weekly analysis of motor factory activity estimates out- put for the week ending December 14 at 98,582 cdrs and trucks, compared |y, STAR, WASHINGTON, P INVESTING COMPANIES YORK. December 16 (#).—New Yfl%nllll Dealers’ Association: Bid. -- 14.86" 1 3 with an estimated 93,030 units a week | M: ago. In the comparable week last year production totaled 24,801 cars and trucks. R. L. Polk & Co., reporting on new- car registrations, estimated that new passenger car sales during November were 210,000 units, which it describes as “approximating the largest total for November in the history of the indus- try.” New truck and commercial car sales during November were estimated at 32,000 units. Ward's automotive reports, com- menting on production activity, says: “An estimate of 400,000 units for De- cember appears reasonable and con- servative.” If this mark is achieved, a total output of 1,076,000 cars and trucks for the final quarter of the year would be reached. The greatest final quarter output in the industry’s history was 1,165,420 units in 1935. BUICK HOLDS PACE. NEW YORK, December 16 (#).— Buick Motor Co. produced 4,100 cars in the first week of December, an average of 820 a day, against a No- | vember daily rate of 821 and Octo- ber''s schedule of 746 daily. OPENA “J.L.” BUDGET ACCOUNT Buy your rug on convenient terms, nothing added for credit. Open an account tonight. Plymouth Pund Inc Quarteriy Income Sh. Selected Am Sh___ Selected Am Sh Inc. Selected Cumul Sh Selecied Income Sh Super of Am Tr D. Bupervised Ehrs Trust Fund Shrs ~__ Trustee Stand Inv C. Trustee Stand Inv, Trusteed Am Bk B! Trusteed Industry Sb Trusteed N Y Bk Shi SHE EI;IPUT DOWN. NEW YORK, December 16 (#).— Shoe production during November, trade estimates reveal, was around 24,500,000 pairs, as compared with |35,139,000 pairs in the preceding month and 23,852,000 pairs in Novem- ber, 1934. Store Gpen Every Night until 9 o’clock. ik Syndicate Offers 80,000 Shares of Parke, Davis & Co. By the Associated Press. NEW YORK, December 16—An offering of 80,000 shares of capital stock of Parke, Davis & Co., pharma- Empire ceutical manufacturers, was made to- day by an investment syndicate at $43 a share, ‘The shares were originally held by an estate and the offering involves no new financing by the company. FOREIGN MARKETS. By the Associated Press. LONDON.—With investors and spe letors disinclined to make any fresh com- mitments owing to the unceriainty of the foreign political outlook, prices on the Stock Exchange _exhibiied a ~drooping tendency today. Trans-Atiantic issubs were dull. e market closed easy. PARIS, liquidaiion caused trading to turn slugsish on the Bourse Lo~ day with rentes dropping slightly. Bank stocks and industrial issues were mostly firm, while international es moved ir- jarly. The closing tone was irregular ERLIN.—Favorable Christmas _shop- ping reports falled to impress prices on the Boerse, which were irregular today. The closing was inactive. U. 8. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Rate—Maturit Bid 1 cu- STEEL QUOTATIONS. NEW YORK, December 16 (7 .—Steel prices, per 100 pounds, fo.b. Pittsburgh: Blue annealed sheets. hot rolled. 2.00 galvanized sheets black sheets, hot = steel 1 MONDAY, DECEMBER 16, 1935. NEW YORK BANK STOCKS NEW YORK, December 16 (#).—Over- ;}::lm!mur market bank and trust com- e Brooklyn “Trust _ Central Hi ‘hemical N Y Trus Title Guaranty & Tr CHICAGO PRODUCE. CHICAGO. December 16 (P .—Poultry. . 23 trucks; steady; hens less than unds, 18; 4% pounds up, 19; Leg- hens, 15 Plymouth Rock Springs, White Rocks. 19 colored, i5: Leghorn chickens, 1 it 25; young toms, 23; old, 2 9; heavy white ducks, X ; heavy, colored. 18%:; small, 16: Northern geese, 17; Southern, 15%: capons. 6-7 pounds.’ 25. Dressed _turkeys steady; young. hens, 30: 5. 18 pounds up. : young toms. han 18 pounds, 30; old, 3 CHICAGO LIVE STOCK. CHICAGO. December 16 (#.—(U, 8. Dept. Agriculture) Hogs. 21,000, includ- | ing 8500 direct; ‘slow, steady to 10 lower | than Priday's average: sows 10-25 lower; | | top. 9.65; bulkgdesirable 3R 0.50-80; bet d 50 my tie grain-fed steers 13.00-14.80. latter price top; E es. %.500: very scarce: few loads short-fed | [ mostly 25 lower; common killers and thin- fleshed “stockers. and feeders steady; all she stock 15-25 lower, excepting cutter cows: this class steady to weak: selected shipper vealers steady up to 11.50 but light kinds weak on big packer account; mostly 8.00-10.00. Sheep. 13.000: opening slow. undertone | to’ 25 lower on both fat feeding | to | 10.50 | | chol | ard; | ce to mostly 10.75: best held 10 slaughter ewes mostly 4.25-° Official estimated recel) | Cattle. 7.000; hogs. 20.000. Short-wave radio stations in a dozen countries are bidding for your attention. But with a 1936 PHILCO, you can sort them all out accurately and instantly. Through its built-in Aerial-Tuning System, the aerial is antomatically tuned to the very wave-band you want +43 without fussing with extra knobs or switches: THE PHILCO built-in AERIAL-TUNING SYSTEM DOUBLES JHE FOREIGN STATIONS YOU CAN GET AND ENJOY Store Open Every Night until 9 o’clock. AMERICAN ORIENTALS Made by the Makers of FAMOUS GULISTAN Choice of New Patterns and Famous Designs 9x12 Ft. Size or 8.3x10.6 Ft. Size $ 39.95 The most sensational rug sale in years! Think of it...gorgeous AMERICAN ORIENTALS, made by the makers of the famous Gulistan rugs, at a price within the reach of every home. There’s a brilliant array of rich, new color- ings—warm, interesting backgrounds. And what values—never before and per- haps never again will we be able to offer rugs of this high type at such a ridiculously low price. It’s a scoop for “J. L.”—an opportunity that should not be overlooked if you need a rug. Come in early tomorrow—pick out the rugs you want while selections are large and complete. Naturally, at the low price, we expect a sell-out. Open a *J. L.”” Budget Account Nothing Added for Credit No Interest or Carrying Charges The Advertised Price IS ALL You Pay FURNITURE Goving Hashinlon